Distribution of Circular in respect of the Italtile Retention Scheme and Notice of General Meeting ITALTILE LIMITED Incorporated in the Republic of South Africa (Registration number: 1955/000558/06) Share code: ITE ISIN: ZAE000099123 (“Italtile” or “the Company”) DISTRIBUTION OF CIRCULAR IN RESPECT OF THE ITALTILE RETENTION SCHEME AND NOTICE OF GENERAL MEETING 1. ITALTILE RETENTION SCHEME In line with Italtile and its subsidiaries' ("Group") remuneration philosophy of partnership and in accordance with the Group's recognition of the importance of efficient and transparent succession planning within the Group, Italtile wishes to establish the Italtile Retention Scheme in order to retain and incentivise selected high performing employees, identified by Italtile’s Remuneration Committee from time to time, with a proven track record for their contribution to the growth and sustainability of the Group. 2. DISTRIBUTION OF CIRCULAR Italtile shareholders are hereby advised that the circular containing full details of the Italtile Retention Scheme and incorporating a notice to convene a general meeting of Italtile shareholders (“General Meeting”) in order to consider and, if deemed fit, to pass, with or without modification, the resolutions necessary to approve the Italtile Retention Scheme, has been distributed today, 22 May 2020. The circular is available on the Company’s website at: www.italtile.com. 3. NOTICE OF GENERAL MEETING As a consequence of the nationwide lockdown imposed in response to the global COVID-19 pandemic and the guidance from authorities regarding the need for social distancing, notice is hereby given that the General Meeting will be conducted entirely by electronic communication and will be held at 10:00 on Wednesday, 24 June 2020 in order to consider and, if deemed fit, to pass, with or without modification, the resolutions stated in the notice of General Meeting, which is contained in the circular. The board of directors of the Company has determined that, in terms of section 62(3)(a), as read with section 59 of the Companies Act No 71 of 2008, as amended, the record date for the purposes of determining which shareholders of the Company are entitled to receive notice of the General Meeting is Friday, 15 May 2020 and only shareholders who are registered in the securities register of the Company ("Register") on Friday, 19 June 2020, will be entitled to participate in and vote at the General Meeting. Accordingly, the last day to trade in Italtile shares in order to be recorded in the Register in order to be entitled to attend, participate in and vote at the General Meeting is Monday, 15 June 2020. Shareholders of the Company are referred to the shareholders’ virtual meeting guide set out in Annexure 1 to the Notice of General Meeting included in the circular for instructions on how to participate online and vote electronically at the General Meeting. Johannesburg 22 May 2020 Sponsor Merchantec Capital Legal Advisors Werksmans Inc. Corporate and Legal Advisors Rabin & Associates Proprietary Limited Date: 22-05-2020 05:01:00 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.