Dealings in Securities by Directors and Associates of Directors Pursuant to the Italtile Rights Offer ITALTILE LIMITED Incorporated in the Republic of South Africa (Registration number: 1955/000558/06) Share code: ITE ISIN: ZAE000099123 (“Italtile”) DEALINGS IN SECURITIES BY DIRECTORS AND ASSOCIATES OF DIRECTORS PURSUANT TO THE ITALTILE RIGHTS OFFER Shareholders are advised that pursuant to the Italtile Rights Offer, which closed on Friday, 24 November 2017, certain directors of Italtile have elected to follow their rights and accordingly, 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: Giovanni Ravazzotti Company: Italtile Limited Nature of transaction: Acquisition pursuant to the Italtile Rights Offer Class of securities: Ordinary Shares Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 24 November 2017 Number of securities: 1 295 968 Price per security: R11.57 Total value: R14 994 349.76 Name of director: Jan Potgieter Company: Italtile Limited Nature of transaction: Acquisition pursuant to the Italtile Rights Offer Class of securities: Ordinary Shares Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 24 November 2017 Number of securities: 456 000 Price per security: R11.57 Total value: R5 275 920.00 Name of director: Brandon Wood Company: Italtile Limited Nature of transaction: Acquisition pursuant to the Italtile Rights Offer Class of securities: Ordinary Shares Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 24 November 2017 Number of securities: 11 139 Price per security: R11.57 Total value: R128 878.23 Name of director: Siyabonga Gama Company: Italtile Limited Nature of transaction: Acquisition pursuant to the Italtile Rights Offer Class of securities: Ordinary Shares Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 24 November 2017 Number of securities: 44 000 Price per security: R11.57 Total value: R509 080.00 Name of director: Giovanni Ravazzotti Company: Italtile Limited Name of associate: Rallen Proprietary Limited Relationship of associate to director Giovanni Ravazzotti is a director of Rallen Proprietary Limited and holds the majority of the shares in Rallen Proprietary Limited through the Ravazzotti Family Trust Nature of transaction: Acquisition pursuant to the Italtile Rights Offer Class of securities: Ordinary Shares Extent of director’s interest: Indirect beneficial Date of transaction: 24 November 2017 Number of securities: 28 996 464 Price per security: R11.57 Total value: R335 489 088.48 Name of director: Susan Du Toit Company: Italtile Limited Name of associate: Seven and Three Family Trust Relationship of associate to director Susan Du Toit is a trustee and beneficiary of the Seven and Three Family Trust Nature of transaction: Acquisition pursuant to the Italtile Rights Offer Class of securities: Ordinary Shares Extent of director’s interest: Indirect beneficial Date of transaction: 24 November 2017 Number of securities: 5 252 Price per security: R11.57 Total value: R60 765.64 Johannesburg 30 November 2017 Sponsor Merchantec Capital Date: 30/11/2017 04:15:00 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.