Book value of interest
      % held Shares Amounts owing to
  Issued share
capital
R
  2006   2005   2006
Rmís
  2005
Rmís
  2006
Rmís
  2005
Rmís
Held by Italtile Limited                          
Retailing                          
Italtile Ceramics Limited 36 383 618   100   100   1   1   92   59
 
  Issued share
capital
Effective %
shareholding
  2006
R
    2005
R
  2006     2005
Held by subsidiaries                  
                   
RETAILING                  
Italtile Australia (Pty) Limited # 57 072 821     57 072 821   70,8     70,8
International Tap Distributors (Pty) Limited 200     200   59     50
Earlyworks 191 (Pty) Limited 100     100   60     60
Penates Logistics (Pty) Limited 100     ó   100     ó
                   
FRANCHISING                  
Italtile Franchising (Pty) Limited 1 000     1 000   100     100
                   
PROPERTY INVESTMENT                  
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   100     100
 
#   Incorporated in Australia.
# #   Incorporated in Mauritius.
# # #   Incorporated in Botswana.
# # # #   Incorporated in Namibia.