WILLIAM TELL HOLDINGS LIMITED - Company update presentation

Company update presentation

William Tell Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 2004/030045/06)
Share code: WTL ISIN: ZAE000098133
(“William Tell” or “the Company”)



COMPANY UPDATE PRESENTATION



Further to the announcement dated 25 March 2013, Shareholders of William Tell are advised that the
agenda for the presentation being held at 10:00 today, 27 March 2013 at the registered office of William Tell,
31 Van Eck Street, Chamdor, Krugersdorp is as follows:

1. Short Factory tour

2. What went wrong
     a.   Brief Background
     b.   Known fraud of circa R7 million
     c.   Additional fraud suspected to be forensically investigated
     d.   Accounting system obfuscation – lack of reliance thereon
     e.   Poor plant maintenance and plant unreliability
     f.   Restatement of 2011 year end and 2012 interim results
     g.   Industrial espionage and sabotage

3. Current status
     a.   Brief overview including new board appointments
     b.   Preparation of annual financial statements and interim results
     c.   Forensic audit
     d.   Section 155 offer of compromise
     e.   Preparation for Public section 417 enquiry
     f.   Re-staffing to refurbish plant completely
     g.   Judicious usage of intelligence collected

4. Future
     a.   Brief overview
     b.   Recapitalisation with rights issue and shareholders funding
     c.   Bank financing
     d.   New product offering
     e.   Niche market penetration
     f.   Vertical and lateral integration
     g.   Prevention of future sabotage and espionage

5. Questions and answers
     a. Past
     b. Current
     c. Future

6. Concluding remarks including:
     a.   Merits of remaining listed
     b.   Merits of de-listing
     c.   Unusual rights offer contemplated
     d.   Duty to shareholders especially smaller private shareholders and pensioners

The full presentation will be recorded and a link to view the presentation will be available on the Company’s
website.


Johannesburg
27 March 2013

Designated Adviser
Merchantec Capital

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