Sales Update for the Five Months to 30 November 2016 ITALTILE LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1955/000558/06) Share code: ITE ISIN: ZAE000099123 (“Italtile” or “the Group”) Sales Update for the five months to 30 November 2016 Management is hosting an investors’ visit to Italtile and Ceramic Industries’ facilities today, and as part of the presentations, will provide a sales update as discussed below. For the five months to 30 November 2016, total system-wide sales (including new stores) increased to R2.9 billion, representing growth of 14.7% compared with the previous corresponding period. Nine TopT stores were opened during the five months to 30 November 2016, although their full contribution to revenue will only be reflected in the following six months. Like-on-like retail store turnover grew by 10% compared with the previous corresponding period, with average price inflation estimated at 7.9%. While trading conditions remained testing and consumer discretionary spend constrained during the period, the business benefited from continued improvements across its operations and a gain in market share. The above information has not been reviewed and reported on by the Group’s external auditors. Johannesburg 5 December 2016 Sponsor Merchantec Capital Date: 05/12/2016 07:05:00 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.