WTL - William Tell Holdings Limited - Results of the Annual General Meeting

WTL - William Tell Holdings Limited - Results of the Annual General Meeting     
("AGM")                                                                         
WILLIAM TELL HOLDINGS LIMITED                                                   
(Incorporated in the Republic of South Africa)                                  
(Registration number: 2004/030045/06)                                           
JSE code: WTL ISIN: ZAE000098133                                                
("the Company")                                                                 
RESULTS OF THE ANNUAL GENERAL MEETING ("AGM")                                   
Shareholders are advised that at the AGM held on Wednesday 16 November 2011, the
requisite majority of shareholders approved all ordinary and special resolutions
that were set out in the notice convening the AGM save that:                    
1    Ordinary resolution number 2: To re-elect Michael Meehan as director.      
    Ordinary resolution 2 was withdrawn from voting as Mr. Meehan informed the  
    Board prior to the AGM`s commencement that he had decided not to make       
    himself available for re-election.                                          
2    Ordinary resolution number 3: To re-elect Neville De Winnaar as director.  
    Ordinary resolution number 3 was withdrawn from voting as it was not        
    required to re-elect Mr. De Winnaar.                                        
3    Ordinary resolution number 6: Confirmation of appointment of Richard       
McElligott as director. Ordinary resolution 6 was withdrawn from voting as  
    Mr. McElligott informed the Board prior to the AGM`s commencement that he   
    wished to resign from the Board, which resignation was accepted by the      
    Board.                                                                      
4    Ordinary resolution number 9: Appointment of Michael Meehan to audit and   
    risk committee.  Ordinary resolution 9 was withdrawn from voting pursuant   
    to the withdrawal of ordinary resolution number 2.                          
5    Ordinary resolution number 10: Appointment of Ralph Patmore to audit and   
risk committee.  Ordinary resolution number 10 was not passed by the        
    requisite majority votes in favour thereof. Mr. Patmore also informed       
    shareholders at the AGM that he is resigning as independent non-executive   
    director and Chairman of the Board with immediate effect following the      
conclusion of the AGM.                                                      
6    Ordinary resolution number 11: Appointment of Richard McElligott to audit  
    and risk committee. Ordinary resolution 11 was withdrawn from voting        
    pursuant to Mr. McElligott`s resignation from the Board.                    
Shareholders are advised that Mr. Clyde Lok will act as interim Chairman of the 
Board until such time as a new Chairman has been appointed.                     
The Board would like to thank Ralph, Mike and Richard for their valued          
contributions to Company and wishes them well in their future endeavours.       
Johannesburg                                                                    
17 November 2011                                                                
Designated Advisor: PSG Capital (Proprietary) Limited                           
Date: 17/11/2011 16:47:01 Supplied by www.sharenet.co.za                     
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