WTL - William Tell Holdings Limited - Receipt of second payment in respect of

WTL - William Tell Holdings Limited - Receipt of second payment in respect of   
DTI grant                                                                       
WILLIAM TELL HOLDINGS LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration Number:  2004/030045/06)                                          
JSE Code:  WTL      ISIN:  ZAE000098133                                         
("William Tell" or "the Company")                                               
RECEIPT OF SECOND PAYMENT IN RESPECT OF DTI GRANT                               
Further to the announcement released on SENS on 1 December 2009 ("the           
announcement") detailing the Company`s successful application for a grant in    
terms of the provisions of the EIP: Manufacturing Investment Programme          
("MIP") administered by the Department of Trade and Industry, in respect of     
its new production facility at Chamdor, Krugersdorp ("the DTI grant"), the      
Company is pleased to advise that it has received the second payment in the     
amount of R6 million in respect of the first R15 million tranche of the DTI     
grant ("the first tranche").  This amount is non-taxable, non-repayable and     
will be amortised to income over the useful life of the plant, being 35 years   
in accordance with IFRS.  This payment follows the first payment  of R9         
million in respect of the first tranche, as announced on 19 November 2010.      
As stated in the announcement, the DTI grant is for a total amount of R30       
million payable in two tranches (one payment each in respect of the 2010 and    
2011 financial year end) of R15 million each, within 90 days of finalisation    
of the audited financial statements of the Company for the financial years      
ending on 30 June 2010 and 30 June 2011, respectively, subject to the           
conditions detailed in the announcement.  The Company is confident that these   
conditions will be met.                                                         
Johannesburg                                                                    
23 March 2011                                                                   
Designated Advisor:  PSG Capital (Proprietary) Limited                          
Date: 23/03/2011 07:05:02 Supplied by www.sharenet.co.za                     
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