Changes 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”) CHANGES 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 changes have been made to the composition of the Board. APPOINTMENT OF EXECUTIVE DIRECTOR With effect from 11 May 2018, Ms Tsundzukani Mhlanga (35), currently Financial Director of certain of the Group’s subsidiary companies, has been appointed to the Board. Ms Mhlanga’s title will be Executive Director: Group Finance and Administration. She will replace incumbent, Mr Brandon Wood (Chief Financial Officer), who has been appointed Executive Director: Commercial and Supply Chain. Mr Wood’s role will include strategic integration of the Group, with specific focus on systems and supply chain business units, and new business/expansion activity. To ensure a smooth transition, Mr Wood will provide assistance and oversight of the finance function until the conclusion of the Group’s year-end programme at the end of August 2018. Ms Mhlanga, CA(SA), qualified in 2008 and also holds a Masters degree in Business Administration (UCT Graduate School of Business), as well as a certificate in Mining Tax Law (Wits). Her areas of expertise are in financial management, corporate governance, relationship management and financial modelling. She was previously Financial Director of a JSE listed property sector company and prior to that, acting Chief Financial Officer of a state-owned mining company. Ms Mhlanga also has experience in the retail industry. She joined the Italtile Group in July 2017. APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTOR With effect from 11 May 2018, Ms Nkateko Khoza (41), BCom, MBA, has been appointed as an independent non-executive director to the Board. Ms Khoza is the CEO of Dzana Investments, a venture founded by her father, Dr Reuel Khoza. Dzana Investments is a holding company with interests in mining, property, energy, education, health and the ICT sector. Ms Khoza was formerly Associate Director at Deloitte Consulting where she was responsible for business development and client service, concentrating on expanding the company’s public sector portfolio. The Board welcomes Ms Khoza and looks forward to her contribution. These appointments reflect the Group´s continuing commitment to enhance the experience and expertise available to the business and to attaining its transformation objectives. Johannesburg 15 May 2018 Sponsor Merchantec Capital Date: 15/05/2018 10:00:00 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.