Investor Information: STRATE

STRATE is the acronym for SHARE TRANSACTIONS TOTALLY ELECTRONIC.
STRATE is an electronic settlement and custody system which has been designated to achieve the contractual, rolling and irrevocable settlement of share transactions by electronic book entries.

For more information on STRATE please see:

» Essential Shareholder Facts Document
» Letter to Investors regarding STRATE
» Visit the STRATE website

Dematerialisation Progress

Shareholders were advised in the interim profit announcement dated 13 February 2001, that the company had been notified by the JSE Securities Exchange to transfer its share capital to the electronic Share Transactions Totally Electronic (STRATE) environment as from 23 April 2001. Italtile's subsequent dematerialisation programme has progressed very well, with a dematerialisation figure of 95,94% achieved to date. Shareholders are thanked for their co-operation in this regard. Those shareholders who have as yet not deposited their shares with a CSDP or qualifying stockbroker are reminded to do so. Enquiries in this regard are referred to STRATE on 0800 004 727.