PATRICK HEAD STEPS DOWN FROM THE BOARD OF WILLIAMS GRAND PRIX HOLDINGS PLC

WILLIAMS GRAND PRIX HOLDINGS PLC
Grove, UK. 31 December 2011

Williams Grand Prix Holdings PLC (Ticker: WGF1) today confirms that Director of Engineering Patrick Head will step down from its Board of Directors with immediate effect.

Patrick co-founded Williams F1 in 1977 with Frank Williams and over three decades has led the team's engineering department. In that time, Williams F1 has won 113 Grands Prix and secured nine Constructors' and seven Drivers' World Championships.

Patrick will continue in his role as a Board Director of Williams Hybrid Power Limited, a subsidiary of the company that develops and produces hybrid technologies.

The company wishes Patrick well in his future activities and remains indebted for his service to Williams F1 over the past 34 years.

Frank Williams:

"Patrick and I have been in partnership for 34 years. During that time, he has been the leader of the technical team that has won the majority of our race wins and championships. This is a remarkable legacy and one which will be treasured and definitely not forgotten.

"Patrick is a very straightforward, hard working and truly gifted engineer who comfortably operates at a world class level. I will miss him very much, as I am sure his colleagues will, and he will always be welcome at Grove. Indeed, Patrick will still be seen around the factory as he continues to be involved in the development of our hybrid power activities."

Source: http://www.motorsportsjournal.com/archives/2011/12/patrick_head_steps_down_f.php

Mika Häkkinen Bruce Halford Jim Hall Duncan Hamilton Lewis Hamilton