Italtile directors redeem shares, company acquires treasury stock

Italtile Limited announced that two of its directors, Lance Foxcroft and Brandon Wood, redeemed Trust Shares under the Retention Scheme Trust. Mr. Foxcroft redeemed 3,000,000 Trust Shares at R9.1908 per share, totaling R27,572,527.24. To settle the associated tax, 1,350,000 of these Trust Shares were subsequently sold off-market by the Retention Scheme Trust to Italtile Ceramics Proprietary Limited ("Ceramics") for R12,407,637.15.

Similarly, Mr. Wood redeemed 1,000,000 Trust Shares at the same price of R9.1908, amounting to R9,190,842.41. For tax settlement, 450,000 of his Trust Shares were sold by the Retention Scheme Trust to Ceramics for R4,135,879.35. All redemption and sale transactions occurred on December 14, 2025.

Following these transactions, the Trust Shares acquired by Ceramics will remain part of the authorized and issued share capital of Italtile. Consequently, Italtile's total treasury shares will increase to 129,706,057. Both directors obtained clearance to deal and held a direct beneficial interest in these transactions. The announcement was made from Johannesburg on December 15, 2025.