Book value interest     % held Shares Amounts owing to   Issued share  capital  2005  2004  2005  2004  2005  2004    R      R000's  R000's  R000's  R000's  Held by Italtile Limited               Retailing               Italtile Ceramics Limited 36 383 618  100  100  639  639  58 843  (55 759)

Issued share capital Effective % shareholding   2005  2004 2005 2004   R  R R  R Held by subsidiaries                   RETAILING         Italtile Australia (Pty) Limited # 57 072 821  31 404 100 70,8  70,8 International Tap Distributors (Pty) Limited 200  200 50  50 Earlyworks 191 (Pty) Limited 100  — 60  —           FRANCHISING         Italtile Franchising (Pty) Limited 1 000  1 000 100  100           PROPERTY INVESTMENT         Nadja Investments (Pty) Limited 1 990  1 990 100  100 F.B. Ashman (Pty) Limited 100  100 100  100 Allmuss Properties (Pty) Limited 1 500  1 500 100  100 Allmuss Botswana (Pty) Limited ### 4 651  4 651 100  100 Allmuss Properties Namibia (Pty) Limited #### 100  100 100  100           INVESTMENT HOLDING         Italtile Mauritius (Pty) Limited ## 1 589  1 589 100  100 Cladding Finance (Pty) Limited 100  — 100  —

# Incorporated in Australia. ## Incorporated in Mauritius. ### Incorporated in Botswana. #### Incorporated in Namibia.

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