Ninety One increases stake in Italtile to 5%

Italtile Limited has announced that Ninety One SA Proprietary Limited ("Ninety One") has increased its beneficial interest in the company. Ninety One's total holding in Italtile's ordinary shares now amounts to 5.00% of the total ordinary shares in issue. This disclosure was made in accordance with section 122(3)(b) of the Companies Act, 71 of 2008, regulation 121(2)(b) of the Companies Regulations, 2011, and paragraph 3.83(b) of the JSE Limited Listings Requirements.

The company confirmed that it received formal notification regarding this change in terms of section 122(1) of the Act. Additionally, Italtile has filed the required notice with the Takeover Regulation Panel as mandated by section 122(3)(a) of the Act.

The board of directors of Italtile accepts full responsibility for the information contained in the announcement, affirming its truthfulness and completeness to the best of their knowledge and belief. The announcement was released from Johannesburg on 7 October 2025, with Merchantec Capital serving as the sponsor.