ITALTILE LIMITED - Early Retirement of Ceramic Industries CEO

Early Retirement of Ceramic Industries CEO

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


EARLY RETIREMENT OF CERAMIC INDUSTRIES CEO


Shareholders are advised that Lance Foxcroft, CEO of Ceramic Industries ("Ceramic"), a subsidiary of
Italtile Limited, has informed the Board of Ceramic ("Board") of his intention to take early retirement,
effective at the end of November 2026. Lance has advised the Board of Ceramic that his family
commitments and the challenges of commuting between South Africa and Australia, where his family
is based, are the primary reasons for his decision.

Lance has made an outstanding contribution to the Group over many years, having served as both CEO
of Italtile, and as CEO of Ceramic. During his tenure, he played an instrumental role in driving the
Group's strategic transformation and delivering meaningful growth for both entities. The Board
extends its sincere gratitude to Lance for his exceptional dedication, leadership, and the lasting legacy
he leaves behind. We wish him every happiness in his well-deserved retirement.

To ensure a seamless transition, Italtile Group CEO Brandon Wood will assume oversight responsibility
for Ceramic upon Lance's departure. Brandon will be supported by Ceramic's established governance
and operational structures, including the existing operational board, the Board itself, and the further
senior executive team. A recruitment process has commenced to appoint a Head of Manufacturing to
oversee all the Group's manufacturing operations. The Board is confident that these structures provide
a strong foundation for continued stability, performance, and strategic direction.


Johannesburg
13 July 2026

Sponsor
Merchantec Capital

Date: 13-07-2026 04:00:00
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.