Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding AG, Zug
Quarterly or Semiannual Financial Statements
Precious Woods achieves positive third quarter results (E)

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The Precious Woods Group which is active in sustainable forestry in the tropics increased sales of timber by 40% in the first nine months of the current year compared to the same period of the prior year. The consolidated net profit of the first nine months increased to 1’157 thousand USD in 2003 from 487 thousand USD in 2002. The high rate of increase may not be extrapolated for the full year as one-off gains were recorded in the fourth quarter of 2002 which are not expected to repeat in the current year.

Further details may be found in our letter to shareholders which has been published on our website www.preciouswoods.com and mailed to all registered shareholders.

end of announcement            euro adhoc 01.12.2003
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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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