WIL - Wilderness - Voluntary Disclosure of Significant Holding of Wilderness

WIL - Wilderness - Voluntary Disclosure of Significant Holding of Wilderness    
Ordinary Shares                                                                 
Wilderness Holdings Limited                                                     
(Registration number 2004/2986)                                                 
(Registered as an external company in South Africa Registration number          
2009/022894/10)                                                                 
ISIN: BW0000000868                                                              
Share code: WIL                                                                 
("Wilderness" or "the Company")                                                 
VOLUNTARY DISCLOSURE OF SIGNIFICANT HOLDING OF WILDERNESS ORDINARY SHARES       
Shareholders are advised of the following:                                      
Wine Investments Limited ("Wine Investments") notified the Company on 1 June    
2012 that it had acquired 11,550,000 Wilderness ordinary shares representing 5% 
of the shares in issue. Wine Investments is a subsidiary of The Travel          
Corporation, an international travel group with over 25 global award-winning    
brands owned by the Tollman family and which also controls Cullinan Holdings    
Limited, a leading South African travel company listed on the JSE.              
Wine Investments has hereby increased its holding of Wilderness ordinary shares 
from 20.92% to 25.92%. Wine Investments is a longstanding shareholder in        
Wilderness and has also always been the largest minority shareholder. This share
acquisition does not represent a change in strategy for Wine Investments        
regarding its investment in Wilderness and going forward Wine Investments may   
decide to increase or decrease its shareholding in the Company.                 
The shares acquired by Wine Investments were acquired from Capital Africa       
Limited, an investment company which is a subsidiary of a private equity fund   
under the management of Brait SE ("CAL"). Accordingly CAL has reduced its       
interest from 17.28% to 12.28% of the total issued capital in the Company.      
Botswana                                                                        
4 June 2012                                                                     
Sponsoring broker                                                               
Capital Securities (A member of the Botswana Stock Exchange)                    
JSE sponsor                                                                     
RAND MERCHANT BANK (A division of FirstRand Bank Limited)                       
Date: 04/06/2012 10:13:01 Supplied by www.sharenet.co.za                     
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