WILDERNESS HOLDINGS LIMITED - Changes to the executive and board of directors of Wilderness

Changes to the executive and board of directors of Wilderness

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
(“the Company” or “Wilderness”)

CHANGES TO THE EXECUTIVE AND BOARD OF DIRECTORS OF WILDERNESS

Shareholders are advised of the following:

The board of directors wishes to announce that it has agreed to a
realignment of the board. This was done in order to improve our
operations as well as to build further executive capacity and
support our operations in Botswana.    Effective immediately, the
following changes to the board and the executive have been
mutually agreed:

- Mr Andy Payne will step down as director of the board and chief
executive officer. He will complete certain projects, in a defined
period of time, prior to his departure;

- Mr Keith Vincent, in addition to his role as chief operating
officer, has been appointed acting chief executive officer;

- The board has elected a committee to manage the process of
appointing a new chief executive officer for the company. The
committee will consider both internal and external candidates for
the position;

- Mr Russel Friedman will step down as a director of the board. Mr
Friedman will continue to focus his attention on Wilderness’ non-
profit organisations; and

- Mr Dave van Smeerdijk will step down as a director of the board.
Mr van Smeerdjik will remain in his position as the marketing and
sales director of Wilderness.

The board wishes to thank Messrs Payne, Friedman and van Smeerdijk
for their long and valuable contributions to the board of
directors.

Botswana
25 February 2013

Sponsoring broker
Capital Securities (A member of the Botswana Stock Exchange)

JSE sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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