WILLIAM TELL HOLDINGS LIMITED - Renewal of Cautionary Announcement

Renewal of Cautionary Announcement

William Tell Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 2004/030045/06)
Share code: WTL ISIN: ZAE000098133
(“William Tell” or “the Company”)


RENEWAL OF CAUTIONARY ANNOUNCEMENT


Further to the cautionary announcement dated 31 August 2012 and the subsequent renewal of cautionary
announcements, the last of which was dated 2 October 2013, the announcement regarding the voluntary
suspension of listing dated 27 September 2012 and the voluntary announcements regarding the liquidation
of William Tell Industries Proprietary Limited (“William Tell Industries”) dated 5 October 2012 and
28 November 2012, shareholders are advised that the full impact of the liquidation of William Tell Industries
is still being determined, which may have a material effect on the price of William Tell’s securities.

Furthermore, shareholders are advised that further to the renewal of cautionary announcement dated
20 August 2013, the purchase price of the fixed assets of Tellprop Proprietary Limited (“Tellprop”) has been
renegotiated down from R30 million to R24 million by Tellprop, Nedbank (as secured creditor) and the
purchaser due to a dispute raised by the purchaser regarding liability for payment of bulk service
contributions.

It is now clear that no funds will flow to the Company for distribution to shareholders and that William Tell and
the remaining subsidiaries will be orderly liquidated in due course.

Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s
securities, until a further announcement is made.


Johannesburg
14 November 2013

Designated Adviser
Merchantec Capital

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