ITALTILE LIMITED - Changes to the Board of Directors

Release Date: 15/05/2018 10:00
Code(s): ITE
 
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Changes to the Board of Directors

ITALTILE LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1955/000558/06)
Share code: ITE ISIN: ZAE000099123
(“Italtile” or “the Group”)


CHANGES TO THE BOARD OF DIRECTORS


In compliance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the Board of Directors
of Italtile ("the Board") hereby notifies its shareholders that the following changes have been made to the
composition of the Board.

APPOINTMENT OF EXECUTIVE DIRECTOR

With effect from 11 May 2018, Ms Tsundzukani Mhlanga (35), currently Financial Director of certain of the
Group’s subsidiary companies, has been appointed to the Board. Ms Mhlanga’s title will be Executive
Director: Group Finance and Administration. She will replace incumbent, Mr Brandon Wood (Chief Financial
Officer), who has been appointed Executive Director: Commercial and Supply Chain. Mr Wood’s role will
include strategic integration of the Group, with specific focus on systems and supply chain business units,
and new business/expansion activity.

To ensure a smooth transition, Mr Wood will provide assistance and oversight of the finance function until
the conclusion of the Group’s year-end programme at the end of August 2018.

Ms Mhlanga, CA(SA), qualified in 2008 and also holds a Masters degree in Business Administration (UCT
Graduate School of Business), as well as a certificate in Mining Tax Law (Wits). Her areas of expertise are
in financial management, corporate governance, relationship management and financial modelling. She
was previously Financial Director of a JSE listed property sector company and prior to that, acting Chief
Financial Officer of a state-owned mining company. Ms Mhlanga also has experience in the retail industry.
She joined the Italtile Group in July 2017.

APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR

With effect from 11 May 2018, Ms Nkateko Khoza (41), BCom, MBA, has been appointed as an
independent non-executive director to the Board. Ms Khoza is the CEO of Dzana Investments, a venture
founded by her father, Dr Reuel Khoza. Dzana Investments is a holding company with interests in mining,
property, energy, education, health and the ICT sector.

Ms Khoza was formerly Associate Director at Deloitte Consulting where she was responsible for business
development and client service, concentrating on expanding the company’s public sector portfolio.

The Board welcomes Ms Khoza and looks forward to her contribution.

These appointments reflect the Group´s continuing commitment to enhance the experience and expertise
available to the business and to attaining its transformation objectives.

Johannesburg
15 May 2018

Sponsor
Merchantec Capital

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