Renewal of cautionary announcement 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”) RENEWAL OF CAUTIONARY ANNOUNCEMENT Further to the cautionary announcement dated 31 August 2012 and the subsequent renewal of cautionary announcements, the last of which was dated 8 July 2013, the announcement regarding the voluntary suspension of listing dated 27 September 2012 and the voluntary announcements regarding the liquidation of William Tell Industries Proprietary Limited (“William Tell Industries”) dated 5 October 2012 and 28 November 2012, shareholders are advised that the full impact of the liquidation of William Tell Industries is still being determined, which may have a material effect on the price of William Tell’s securities. Furthermore, shareholders are advised that: 1. the fixed assets of William Tell Industries (in Liquidation) were disposed of for an amount of R34 million by the liquidators by way of public auction on 23 May 2013; 2. the fixed assets of Tellprop Proprietary Limited (“Tellprop”) were disposed of for an amount of R30 million by way of public auction on 23 May 2013 and lodgement for registration of transfer was effected on 13 August 2013; and 3. the fixed assets of ELB Ultrabord Proprietary Limited were disposed of for an amount of R300 000 by way of a private treaty on 7 June 2013. In terms of cross guarantees in favour of Nedbank, a substantial portion of the net proceeds of the Tellprop assets will revert to Nedbank to settle the shortfall on the realisation of William Tell Industries’ encumbered assets. Therefore, until such time as Nedbank is settled in full, it remains uncertain as to the quantum of any residual funds that may flow to the Company post settlement of the Company’s creditors. Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s securities, until a further announcement is made. Johannesburg 20 August 2013 Designated Adviser Merchantec Capital Date: 20/08/2013 04:17:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.