WTL - William Tell Holdings Limited - Changes to the board of directors -

WTL - William Tell Holdings Limited - Changes to the board of directors -       
appointment of financial director                                               
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")                                               
CHANGES TO THE BOARD OF DIRECTORS - APPOINTMENT OF FINANCIAL DIRECTOR           
1    Further to the announcement released on SENS on 1 February 2012 and in     
    compliance with paragraphs 3.59(a) and 3.59(b) of the Listings Requirements 
    of the JSE Limited, shareholders are hereby informed of the appointment of  
Mr. Desmond Morgan CA(SA) as Financial Director of the Company with effect  
    from 22 March 2012.                                                         
2    Desmond is a chartered accountant with an Honours Degree in Accounting     
    Sciences from the University of South Africa (UNISA). He served articles    
with Price Waterhouse and has held senior financial positions in South      
    African and international listed companies. He has extensive high level and 
    operational financial management and accounting experience in mining,       
    manufacturing, communications, forensic investigations, finance, mergers    
and acquisitions, and corporate environments.                               
3    Mr. Evan Badenhorst, the outgoing Financial Director, will provide the     
    necessary assistance to Desmond until 30 April 2012 to ensure an orderly    
    hand over of the duties associated with the position.                       
4    The Board of Directors would like to welcome Desmond and is looking forward
    to his contribution.                                                        
Johannesburg                                                                    
23 March 2012                                                                   
Designated advisor:  PSG Capital Proprietary Limited                            
Date: 23/03/2012 13:40:30 Supplied by www.sharenet.co.za                     
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