Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding AG, Zug
Mergers - Acquisitions - Takeovers
Precious Woods purchases additional Forest in Brazil (E)

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Precious Woods has purchased additional 480 km2 of forest in Brazil. The new forest area borders to the North of the forest which Precious Woods Amazon had added to the original 770km2 in 2001. In total Precious Woods Amazon now owns about 1’670 km2 of forest in the vicinity of Itacoatiara, about 250 km east of Manaus. The second subsidiary of Precious Woods in Brazil, Precious Woods Pará, owns about 800km2 of forest southwest of Belém.

Both subsidiaries of Precious Woods in Brazil are negotiating further purchases of forest. It remains the strategic intent of Precious Woods to increase the total forest area owned as well as the forest area per share.

end of announcement            euro adhoc 24.02.2003
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Further inquiry note: Kontakt: Precious Woods Holding AG, Zug Dr. Andres Gut, CEO Tel. +41 1 245 80 10 mailto: office@preciouswoods.ch

Branche: Forestry & Timber
ISIN:      CH0013283368
WKN:        982280
Index:    SPI
Börsen:  SWX Swiss Exchange / official dealing



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