Directors’ Dealings in Securities ITALTILE LIMITED Incorporated in the Republic of South Africa (Registration number: 1955/000558/06) Share code: ITE ISIN: ZAE000099123 DIRECTORS’ DEALINGS IN SECURITIES In compliance with paragraphs 3.63 to 3.74 (both inclusive) of the Listings Requirements of JSE Limited, the following is disclosed: Name of director: Mr WL van der Merwe Company: Allmuss Properties Proprietary Limited, a wholly-owned subsidiary of Italtile Limited Nature of transaction: Off market award of shares under the Long Term Incentive Plan Class of securities: Ordinary shares Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 4 September 2014 Number of shares: 224 438 Price: 927 cents Total value: R2 080 535.63 Name of director: Mr WL van der Merwe Company: Allmuss Properties Proprietary Limited, a wholly-owned subsidiary of Italtile Limited Nature of transaction: Off market award of shares under the Share Appreciation Rights Scheme Class of securities: Ordinary shares Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 4 September 2014 Number of shares: 49 003 Price: 927 cents Total value: R454 261.50 Name of director: Mr BG Wood Company: Italtile Limited Nature of transaction: Off market award of shares under the Share Appreciation Rights Scheme Class of securities: Ordinary shares Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 4 September 2014 Number of shares: 32 669 Price: 927 cents Total value: R302 841.00 Name of director: Mr N Booth Company: Italtile Limited Nature of transaction: Off market award of shares under the Executive Retention Plan Class of securities: Ordinary shares Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 4 September 2014 Number of shares: 1 000 000 Price: 906 cents Total value: R9 060 000.00 Material terms: The shares are subject to a three year lock-in period from transaction date Name of director: Mr J Potgieter Company: Italtile Limited Nature of transaction: Off market award of shares under the Executive Retention Plan Class of securities: Ordinary shares Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 4 September 2014 Number of shares: 1 000 000 Price: 906 cents Total value: R9 060 000.00 Material terms: The shares are subject to a three year lock-in period from transaction date Name of director: Mr N Booth Company: Italtile Limited Nature of transaction: Off market grant and acceptance of share appreciation rights (“SARs”) under the Share Appreciation Rights Scheme Class of securities: Ordinary shares Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 4 September 2014 Number of SARs: 3 000 000 Grant price: 927 cents Vesting period: The vesting dates of the SARs are: 25% on 31 August 2017 and 75% on 31 August 2019 Name of director: Mr J Potgieter Company: Italtile Limited Nature of transaction: Off market grant and acceptance of SARs under the Share Appreciation Rights Scheme Class of securities: Ordinary shares Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 4 September 2014 Number of SARs: 3 000 000 Grant price: 927 cents Vesting period: The vesting dates of the SARs are: 25% on 31 August 2017 and 75% on 31 August 2019 Name of director: Mr BG Wood Company: Italtile Limited Nature of transaction: Off market grant and acceptance of SARs under the Share Appreciation Rights Scheme Class of securities: Ordinary shares Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 4 September 2014 Number of SARs: 600 000 Grant price: 927 cents Vesting period: The vesting dates of the SARs are: 25% on 31 August 2017 and 75% on 31 August 2019 Johannesburg 8 September 2014 Sponsor Merchantec Capital Date: 08/09/2014 05:05:00 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.