Dealings in Securities by Directors and a Director of a Major Subsidiary ITALTILE LIMITED Incorporated in the Republic of South Africa (Registration number 1955/000558/06) Share code: ITE ISIN: ZAE000099123 DEALINGS IN SECURITIES BY DIRECTORS AND A DIRECTOR OF A MAJOR SUBSIDIARY 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: Nick Booth Company: Italtile Limited Class of securities: Ordinary shares Nature of transaction: Off market award of shares under the Executive Retention Plan Date of transaction: 1 September 2016 Price per security: R13.66 Number of securities: 3 000 000 Total value: R40 980 000 Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Period of exercise: The shares are subject to a five-year lock-in period from transaction date Name of director: Nick Booth Company: Italtile Limited Class of securities: Ordinary shares Nature of transaction: Off market grant and acceptance of share appreciation rights (“SARs”) under the Share Appreciation Rights Scheme Date of transaction: 1 September 2016 Grant price: R14.25 Number of securities: 1 200 000 Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Period of exercise: The vesting dates of the SARs are: 25% on 31 August 2019 and 75% on 31 August 2021 Name of director: Jan Potgieter Company: Italtile Limited Class of securities: Ordinary shares Nature of transaction: Off market award of shares under the Executive Retention Plan Date of transaction: 1 September 2016 Price per security: R13.66 Number of securities: 3 000 000 Total value: R40 980 000 Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Period of exercise: The shares are subject to a five-year lock-in period from transaction date Name of director: Jan Potgieter Company: Italtile Limited Class of securities: Ordinary shares Nature of transaction: Off market grant and acceptance of share appreciation rights (“SARs”) under the Share Appreciation Rights Scheme Date of transaction: 1 September 2016 Grant price: R14.25 Number of securities: 1 000 000 Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Period of exercise: The vesting dates of the SARs are: 25% on 31 August 2019 and 75% on 31 August 2021 Name of director: Brandon Wood Company: Italtile Limited Class of securities: Ordinary shares Nature of transaction: Off market award of shares under the Executive Retention Plan Date of transaction: 1 September 2016 Price per security: R13.66 Number of securities: 1 000 000 Total value: R13 660 000 Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Period of exercise: The shares are subject to a five-year lock-in period from transaction date Name of director: Brandon Wood Company: Italtile Limited Class of securities: Ordinary shares Nature of transaction: Off market grant and acceptance of share appreciation rights (“SARs”) under the Share Appreciation Rights Scheme Date of transaction: 1 September 2016 Grant price: R14.25 Number of securities: 800 000 Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Period of exercise: The vesting dates of the SARs are: 25% on 31 August 2019 and 75% on 31 August 2021 Name of director: Brandon Wood Company: Italtile Limited Class of securities: Ordinary shares Nature of transaction: Off market award of shares under the Share Appreciation Rights Scheme Date of transaction: 5 September 2016 Price per security: R14.25 Number of securities: 144 906 Total value: R2 064 910.50 Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Name of director: Wouter van der Merwe Company: Allmuss Properties Proprietary Limited, a major subsidiary of Italtile Limited Class of securities: Ordinary shares Nature of transaction: Off market award of shares under the Share Appreciation Rights Scheme Date of transaction: 5 September 2016 Price per security: R14.25 Number of securities: 186 582 Total value: R2 658 793.50 Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Johannesburg 5 September 2016 Sponsor Merchantec Capital Date: 05/09/2016 02:00:00 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.