Voluntary Trading Statement for the Six Months Ended 31 December 2016 ITALTILE LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1955/000558/06) Share code: ITE ISIN: ZAE000099123 (“Italtile” or “the Group”) VOLUNTARY TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2016 Italtile is currently finalising its results for the six months ended 31 December 2016 (“the period”). The Group’s basic earnings per share will be between 50.5 cents and 51.8 cents for the period, reflecting an increase of between 14% and 17% compared to the prior corresponding period ended 31 December 2015, being 44.3 cents. Headline earnings per share will be between 46.0 cents and 47.3 cents for the period, reflecting an increase of between 6% and 9% (2015: 43.4 cents). System-wide turnover for the period is 14% higher than the prior comparative period (2015: R3.08 billion), while trading profit will be between 10% and 13% higher (2015: R531 million). System-wide turnover is the aggregate of the Group’s consolidated turnover (total sales by Group owned entities and corporate stores, excluding sales from owned supply chain businesses to corporate stores) as reported and the turnover of franchisees of the Group. Like-on-like retail store turnover for the period is 9% higher than the prior comparative period, with average price inflation of 7.6%. Retail store turnover is the aggregate of turnover of all stores, either corporate or franchised, in the Group’s retail network. The information on which this announcement is based has not been reviewed or reported on by Italtile's auditors. The Group's results for the six months ended 31 December 2016 are expected to be published on SENS on or about 10 February 2017. Johannesburg 1 February 2017 Sponsor Merchantec Capital Date: 01/02/2017 08:00:00 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.