ITE Further Trading Statement for the Six Months Ended 31 December 2020 ITALTILE LIMITED Incorporated in the Republic of South Africa (Registration number: 1955/000558/06) Share code: ITE ISIN: ZAE000099123 ("Italtile" or "the Group") FURTHER TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2020 Shareholders are referred to the Sales Update and Initial Trading Statement issued on SENS on 2 December 2020 in which it was advised that in terms of paragraph 3.4(b) of the JSE Limited (JSE) Listings Requirements, the Board of directors of Italtile (Board) was satisfied that a reasonable degree of certainty existed that the Group's financial results for the six months ended 31 December 2020 (Review Period) would be at least 20% higher than those reported for the six months ended 31 December 2019. The Board is now in a position to advise that earnings per share (EPS) and headline earnings per share (HEPS) for the Review Period are expected to be in the range outlined below: Six months to Six months to Percentage 31 December 2020 31 December 2019 increase (cents) (cents) (%) EPS 74.7 80.2 55,3 35 45 HEPS 73.5 79.1 55,3 33 43 Adjusted EPS* 74.7 80.2 58,4 27 37 Adjusted HEPS* 73.5 79.1 58,4 25 35 *Basic EPS and HEPS were adjusted for the once-off charge of R39 million related to the BBBEE transaction concluded with Yard Investment Holdings Proprietary Limited as announced on SENS on 10 September 2019. PUBLICATION OF RESULTS The Group's results for the Review Period are expected to be published on SENS on or about 11 February 2021. The above information has not been reviewed and reported on by the Group's external auditors. Johannesburg 28 January 2021 Sponsor Merchantec Capital Investor Communications 083 395 8608 firstname.lastname@example.org Page 1 of 1 Date: 28-01-2021 09:00:00 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.