SOURCE: Williams Grand Prix Holdings

June 29, 2011 12:42 ET

Results of Williams Grand Prix Holdings PLC'S Annual General Meeting

GROVE, UNITED KINGDOM--(Marketwire - Jun 29, 2011) - Williams Grand Prix Holdings PLC ("Williams" or the "Group," Ticker: WGF1) announces the results of its Annual General Meeting conducted today.

Shareholders re-elected the following persons to the Group's Board of Directors, who had retired by rotation and, being eligible, offered themselves for re-appointment:

1. Sir Frank Williams CBE, Team Principal
2. Patrick Head, Director of Engineering
3. Adam Parr, Chairman
4. Alex Burns, Chief Executive Officer
5. Mark Biddle, General Counsel and Company Secretary
6. Christian Wolff, Non-Executive Director

Shareholders also passed resolutions to re-appoint Grant Thornton UK LLP as the Group's auditor, and to authorise the Board to fix the auditor's remuneration.

Williams Grand Prix Holdings PLC is the holding company of the Williams group of companies ("Group") which includes Williams Grand Prix Engineering Limited and Williams Hybrid Power Limited. The Group has established the Williams Technology Centre in Qatar which is a branch of Williams Grand Prix Engineering Limited.

The Group employs approximately 490 personnel throughout its business. Its revenues are currently derived almost exclusively from its Formula One business, including commercial sponsorships and the team's share of the Formula One commercial rights income. The Group's aim is to be a Championship-winning Formula One team and a world-class technology business generating steady returns for shareholders through the economic cycle.

Williams Grand Prix Engineering Limited
Formed in 1977 by Frank Williams and Patrick Head, Williams Grand Prix Engineering Limited's core competencies are the design and manufacture of Formula One race cars, and the deployment of this expertise in running the team's entries in each season's Grands Prix.

As one of the world's leading Formula One teams, the company has secured 16 FIA Formula One World Championship titles in the past thirty years. Nine of these titles have been won in the Constructors' Championship in association with Cosworth, Honda and Renault. The remaining seven titles are Drivers' Championships, won with Alan Jones, Keke Rosberg, Nelson Piquet, Nigel Mansell, Alain Prost, Damon Hill and Jacques Villeneuve.

AT&T Williams is one of the most vertically-integrated of Formula One teams with first-class design and manufacturing facilities on its 33 hectare site in Oxfordshire, England. Williams Grand Prix Engineering Limited aims to develop substantial revenues from exploiting its brand, intellectual property and rapid development skills in projects outside Formula One.

Williams Hybrid Power Limited
Williams Hybrid Power Limited is a company specialising in magnetically-loaded composite flywheels which are used as an energy storage device in small and medium sized applications such as automobiles, buses, trams and light rail.

Williams Technology Centre
The Williams Technology Centre in Qatar is developing large magnetically loaded composite flywheels (for use in trains or static applications such as grid stabilisation) and commercial applications of the Group's motorsport simulation technology.

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