POSTING OF THE INTEGRATED ANNUAL REPORT, CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING ITALTILE LIMITED (Incorporated in the Republic of South Africa) (Registration number 1955/000558/06) ISIN: ZAE000099123 JSE Share Code: ITE (“Italtile” or “the Company” or “the Group”) POSTING OF THE INTEGRATED ANNUAL REPORT, CHANGE STATEMENT AND NOTICE OF ANNUAL GENERAL MEETING ("AGM") 1 Posting of integrated annual report and change statement Pursuant to paragraph 3.21 of the Listings Requirements of the JSE Limited (“JSE”), the Company hereby informs Italtile shareholders (“Shareholders”) that the integrated annual report containing, inter alia, the audited consolidated annual financial statements for the year ended 30 June 2013 and the notice of AGM ("Annual Report"), is available on the Company’s website www.italtile.com. The Annual Report will be distributed to Shareholders on Monday, 30 September 2013 and contains no modifications from the preliminary profit announcement and reviewed Group results published on the Stock Exchange News Service of the JSE on Wednesday, 14 August 2013, other than as detailed below: - an amount of R4 million has been reclassified from the share option reserve to provisions. Shareholders are advised that the above change has no effect on the published condensed Group statement of cash flows and condensed Group statement of comprehensive income. The final audited Group statements of financial position and Group statements of changes in equity are shown below, after the above adjustment has been taken into account: Audited Group statements of financial position As at 30 June 2013 Audited Audited year to 30 year to 30 (Rand millions) June 2013 June 2012 ASSETS Non-current assets 1 850 1 223 Property, plant and equipment 1 246 1 154 Investments 4 4 Investments in associates 553 24 Long-term assets 24 24 Goodwill 6 6 Deferred taxation 17 11 Current assets 777 1 400 Inventories 335 339 Trade and other receivables 121 126 Cash and cash equivalents 303 917 Taxation 18 18 Assets classified as held for sale 26 - Total assets 2 653 2 623 Equity and liabilities Equity attributable to equity holders of 2 247 1 931 the parent Stated capital 818 818 Non-distributable reserve 93 82 Treasury shares (474) (478) Share option reserve 36 9 Retained earnings 1 774 1 500 Non-controlling interest 54 77 Reserves related to discontinued 2 - operations Total equity 2 303 2 008 Total liabilities 350 615 Non-current liabilities 53 323 Interest-bearing loans and borrowings 44 315 Deferred taxation 9 8 Current liabilities 297 292 Trade and other payables 252 224 Provisions 43 39 Interest-bearing loans and borrowings - 26 Taxation 2 3 Total equity and liabilities 2 653 2 623 Audited Group statements of changes in equity (Rand millions) Stated Non- Treasury Share Retained Disconti Total Non- Total capital distribu shares option earnings nued controll equity table reserve operatio ing reserves ns interest Balance at 30 818 51 (478) 5 1 241 - 1 637 70 1 707 June 2011 Profit for the - - - - 378 - 378 17 395 year Other - 31 - - - - 31 - 31 comprehensive income for the year Total - 31 - - 378 - 409 17 426 comprehensive income for the year (net of taxation) Dividends paid - - - - (119) - (119) (12) (131) Transactions - - - - - - - 2 2 with non- controlling interests Share incentive - - - 4 - - 4 - 4 costs Balance at 30 818 82 (478) 9 1 500 - 1 931 77 2 008 June 2012 Profit for the - - - - 444 - 444 20 464 year Other - 13 - - - - 13 - 13 comprehensive income for the year Total - 13 - - 444 - 457 20 477 comprehensive income for the year (net of taxation) Dividends paid - - - - (141) - (141) (4) (145) Discontinued - (2) - - - 2 - - - operations Transactions - - - - - - - (39) (39) with non- controlling interests Reinstatement - - - 30 (30) - - - - of BEE share incentive reserve Share incentive - - 4 (3) 1 - 2 - 2 cost (including vesting settlement) Balance at 30 818 93 (474) 36 1 774 2 2 249 54 2 303 June 2013 2 Notice of AGM The AGM will be held at Italtile Place, Cnr William Nicol Drive and Peter Place, Bryanston on Friday, 22 November 2013 at 11:00. Details of the proceedings and resolutions are contained in the aforementioned Annual Report. Bryanston 30 September 2013 Sponsor KPMG Services Proprietary Limited Date: 30/09/2013 04:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.