ITALTILE LIMITED - RESULTS OF ANNUAL GENERAL MEETING

RESULTS OF ANNUAL 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”)


RESULTS OF ANNUAL GENERAL MEETING


Shareholders are advised that, at the annual general meeting of Italtile (“AGM”) held today, all the
resolutions as set out in the notice of AGM were passed by the requisite majority of shareholders.

The number of shares voted in person or by proxy was 1 173 267 452, representing 88.77% of the total
issued share capital of the same class of Italtile shares.

The resolutions proposed at the AGM, together with the percentage of shares carried for and against each
resolution, as well as the percentage of votes abstained, are set out below:


                                                                        % of votes     % of votes
                                                                   carried for the    against the   % of shares
 Resolution                                                             resolution     resolution     abstained
 
Ordinary Resolution No 1: Re-election of directors

1.1 Re-election of Mr G A M Ravazzotti                                      99.84%          0.16%         0.42%

1.2 Re-election of Mrs S M du Toit                                          99.39%          0.61%         0.42%

1.3 Re-election of Mr S G Pretorius                                         99.58%          0.42%         0.42%

1.4 Re-election of Ms N P Khoza                                            100.00%          0.00%         0.42%

Ordinary Resolution No 2: Election of a director

2.1 Election of Mr I N Malevu                                              100.00%          0.00%         0.42%

Ordinary Resolution No 3: Re-appointment of external
auditor                                                                     99.79%          0.21%         0.42%

Ordinary Resolution No 4: Election of Audit and Risk
Committee

4.1 Election of Ms S M du Toit                                              99.62%          0.38%         0.42%

4.2 Election of Ms N P Khoza                                               100.00%          0.00%         0.42%

4.3 Election of Mr S G Pretorius                                            99.36%          0.64%         0.42%

4.4 Election of Mr I N Malevu                                              100.00%          0.00%         0.42%

Ordinary Resolution No 5: Non-binding advisory
endorsement of the Company’s remuneration policy and
implementation report

5.1 Endorsement of the Company’s remuneration policy                        97.84%          2.16%         0.43%

5.2 Endorsement of the Company’s implementation report                      95.42%          4.58%         0.43%

Ordinary Resolution No 6: Unissued shares to be placed
under the control of the directors                                          84.43%         15.57%         0.42%

Ordinary Resolution No 7: General authority to issue
shares, and to sell treasury shares, for cash                               85.56%         14.44%         0.42%

Special Resolution No 1: Acquisition of own securities                      99.62%          0.38%         0.42%

Special Resolution No 2: Financial assistance to related
and inter-related entities                                                  97.36%          2.64%         0.42%

Special Resolution No 3: Approval of non-executive
directors’ remuneration                                                     99.84%          0.16%         0.42%

Ordinary Resolution No 8: Authority to sign
documentation                                                              100.00%          0.00%         0.42%


Johannesburg
13 November 2020

Sponsor
Merchantec Capital

Date: 13-11-2020 05:33:00
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