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Tue 27 Jul 2004, 8:20 Trading Statement And Cautionary Announcement
Italtile - Trading Statement And Cautionary Announcement                        
Italtile Limited                                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1955/000558/06)                                            
ISIN: ZAE000003679  Share code: ITE                                             
(`Italtile`)                                                                    
TRADING STATEMENT AND CAUTIONARY ANNOUNCEMENT                                   
Italtile shareholders are advised that earnings for the year ended 30 June 2004 
will be approximately 24% to 30% higher than that of the prior comparative      
period.                                                                         
Further details of the above will be provided when Italtile`s results for the   
year ended 30 June 2004 are published on or about 5 August 2004.                
As the results for the year ended 30 June 2004 have not been reviewed and       
reported on by Italtile`s auditors, shareholders are advised to exercise caution
when dealing in Italtile`s shares until the aforementioned results are          
published.                                                                      
Johannesburg                                                                    
27 July 2004                                                                    
Sponsor                                                                         
Nedbank Capital
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