Dealings in Securities by Directors, Directors of a Major Subsidiary and an Associate of a Director ITALTILE LIMITED Incorporated in the Republic of South Africa (Registration number: 1955/000558/06) Share code: ITE ISIN: ZAE000099123 Share code: ITEN ISIN: ZAE000251328 (“Italtile”) DEALINGS IN SECURITIES BY DIRECTORS, DIRECTORS OF A MAJOR SUBSIDIARY AND AN ASSOCIATE OF A DIRECTOR 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: On market sale of letters of allocation pursuant to the Italtile Rights Offer Class of securities: Letters of allocation in respect of the Italtile Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 17 November 2017 Number of securities: 455 077 Price per security: R0.41 Total value: R186 581.57 Name of director: Brandon Wood Company: Italtile Limited Nature of transaction: On market sale of letters of allocation pursuant to the Italtile Rights Offer Class of securities: Letters of allocation in respect of the Italtile Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 17 November 2017 Number of securities: 392 000 Price per security: R0.41 Total value: R160 720.00 Name of director: Lance Foxcroft Company: Ceramic Industries Proprietary Limited, a major subsidiary of Italtile Limited Nature of transaction: On market sale of letters of allocation pursuant to the Italtile Rights Offer Class of securities: Letters of allocation in respect of the Italtile Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 13 November 2017 Number of securities: 421 852 Weighted average price per security: R0.50175 Highest price: R0.59 Lowest price: R0.50 Total value: R211 665.80 Name of director: Tshepo Molefakgotla Company: Ceramic Industries Proprietary Limited, a major subsidiary of Italtile Limited Nature of transaction: On market sale of letters of allocation pursuant to the Italtile Rights Offer Class of securities: Letters of allocation in respect of the Italtile Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 20 November 2017 Number of securities: 241 059 Weighted average price per security: R0.1854 Highest price: R0.18 Lowest price: R0.20 Total value: R44 692.34 Name of director: David Alston Company: Ceramic Industries Proprietary Limited, a major subsidiary of Italtile Limited Nature of transaction: On market sale of letters of allocation pursuant to the Italtile Rights Offer Class of securities: Letters of allocation in respect of the Italtile Rights Offer Extent of director’s interest: Direct beneficial Clearance to deal obtained: Yes Date of transaction: 20 November 2017 Number of securities: 241 059 Weighted average price per security: R0.1854 Highest price: R0.18 Lowest price: R0.20 Total value: R44 692.34 Name of director: Siyabonga Gama Company: Italtile Limited Name of associate: Four Arrows Investments 256 Proprietary Limited Relationship of associate to director Siyabonga Gama, together with his wife, are trustees of the trust that holds a majority of the shares in the holding company of Four Arrows Investments 256 Proprietary Limited Nature of transaction: On market sale of letters of allocation pursuant to the Italtile Rights Offer Class of securities: Letters of allocation in respect of the Italtile Rights Offer Extent of director’s interest: Indirect beneficial 16 November 20 November 21 November Date of transaction: 2017 2017 2017 Number of securities: 2 500 000 4 767 321 476 679 Weighted average price per security: R1.41 R0.27786 R0.10 Highest price: R1.41 R0.40 R0.10 Lowest price: R1.41 R0.18 R0.10 Total value: R3 525 000.00 R1 324 630.35 R47 667.90 Johannesburg 22 November 2017 Sponsor Merchantec Capital Date: 22/11/2017 05:00:00 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.