Book value interest
    % held Shares Amounts owing to
  Issued share 
capital 
2005  2004  2005  2004  2005  2004 
      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
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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