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: Jan Potgieter 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: 1 September 2017 Number of securities: 141 257 Price per security: R14.12 Total value: R1 994 548.84 Name of director: Brandon 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: 1 September 2017 Number of securities: 28 251 Price per security: R14.12 Total value: R398 904.12 Name of director: Tsundzukani Mhlanga Italtile Ceramics Proprietary Limited, a major subsidiary of 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: 1 September 2017 Number of securities: 500 000 Price per security: R14.12 Period of exercise: The vesting dates of the SARs are: 25% on 31 August 2020 and 75% on 31 August 2022 Johannesburg 6 September 2017 Sponsor Merchantec Capital Date: 06/09/2017 09:14:00 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.