ITE - Italtile Limited - Death of Italtile Ltd chief executive officer,

ITE - Italtile Limited - Death of Italtile Ltd chief executive officer,         
Italtile colleagues, and business partners                                      
ITALTILE LIMITED                                                                
Share code    :    ITE                                                          
ISIN          :    ZAE000099123                                                 
Reg. No.           1955/000558/06                                               
Incorporated in the Republic of South Africa                                    
("Italtile" or "the Group")                                                     
DEATH OF ITALTILE LTD CHIEF EXECUTIVE OFFICER, ITALTILE COLLEAGUES, AND         
BUSINESS PARTNERS                                                               
It is with great sadness that the Board of directors of Italtile Ltd ("the      
Board") announces the untimely death of Mr Gianpaolo Ravazzotti, Chief          
Executive Officer of the Group, and eight of his colleagues and business        
partners, namely Ms Gia Celori (Italtile Ltd), Ms Marilize Compion (Italtile    
Ltd), Mr Sava Di Bella (Prima Bella Bathroom Accessories), Mr Simon             
Hirschberg (Grainwave Pty Ltd), Mr Jody Jansen van Rensburg (CTM Alberton),     
Ms Aletsia Krause (Italtile Ltd), Ms Bronwyn Parsons (Pilot, Italtile Ltd),     
and Ms Alison van Staden (Co-pilot).                                            
Gianpaolo Ravazzotti and his colleagues tragically passed away in an            
aeroplane accident on Tuesday, 08 February 2011.  The wreckage of the           
aircraft has been located in the Robberg area and the bodies of all of the      
passengers have been found.  A full investigation is underway to determine      
the cause of the crash.                                                         
Chief Financial Officer, Mr Peter Swatton commented, "On behalf of the Board,   
I express my heartfelt sympathy and condolences to the Chairman of the Group,   
Mr Gianni Ravazzotti, his wife Annabel and their daughters and Gianpaolo`s      
wife, Vanessa and their children, as well as the families of all of the         
deceased.  The Group will ensure that every effort is made to provide the       
counselling and support required by those affected by this tragedy."            
The Board will announce its succession plans in due course.                     
This announcement is in compliance with paragraph 3.59(b) of the Listings       
Requirements of the JSE Limited.                                                
9 February 2011                                                                 
Johannesburg                                                                    
Date: 09/02/2011 10:51:37 Supplied by www.sharenet.co.za                     
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