Change 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”) CHANGE 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 change has been made to the composition of the Board. APPOINTMENT OF NON-EXECUTIVE DEPUTY CHAIRMAN The Nominations Committee (“the Committee”) has commenced the process of identifying suitable potential candidates to fill the position of non-executive Chairman upon the retirement of our current Chairman, Mr G.A.M Ravazzotti, in time. The Committee’s mandate is to identify candidates who have the appropriate expertise and experience to meet the requirements of this business, and who satisfy the criteria of key stakeholders, including our shareholders. In this regard, Ms Luciana Ravazzotti Langenhoven has been appointed to the Board as deputy Chairman with effect from 21 August 2018. Luciana has 25 years of experience with the Group, having worked in various roles including HR, IT, Accounting, Sales and Marketing in the South African business. In addition, she has experience in the Group’s offshore operations, where she was involved in the research and establishment of Ceramic Industries’ Centaurus factory and expanding the Italtile Retail business across the Eastern States of Australia. Luciana has a deep understanding of the Group’s current growth strategy and a proven track record of managing complex projects. Her efforts and business insights have assisted in achieving strategic and operational improvements across the Group. Luciana’s strong business acumen and deep industry experience position her well to take up this new role. Outside of her business leadership role, Luciana is actively involved in land conservation in both South Africa and Australia. She resides in Sydney, Australia and is currently a non-executive director on the Boards of Centaurus Proprietary Limited, Australia (appointed in 2000) and Ceramic Industries Proprietary Limited, South Africa (appointed 2006). The Board welcomes Luciana and looks forward to her contribution. Furthermore, over the course of the next year, the Committee will identify and appoint an additional independent non-executive Board member with relevant business experience, strong leadership qualities and a proven track record. Shareholders will be advised once such an appointment has been made. Johannesburg 21 August 2018 Sponsor Merchantec Capital Date: 21/08/2018 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.