WTL - William Tell Holdings Limited - Suspension of Managing Director pending an

WTL - William Tell Holdings Limited - Suspension of Managing Director pending an
investigation                                                                   
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")                                               
SUSPENSION OF MANAGING DIRECTOR PENDING AN INVESTIGATION                        
Shareholders are advised that the managing director, Mr. Wally van Coller ("Mr. 
Van Coller") has been suspended with immediate effect, pending investigation.   
Shareholders are further advised that the suspension will have no adverse       
effects on the financial results of the Company.                                
A further announcement will be released in due course.                          
Johannesburg                                                                    
31 March 2011                                                                   
Designated Advisor:  PSG Capital (Proprietary) Limited                          
Date: 31/03/2011 12:26:01 Supplied by www.sharenet.co.za                     
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