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Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding AG, Zug
Quarterly or Semiannual Financial Statements
Precious Woods achieves good half year results (E)

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Precious Woods was able to achieve a significant improvement of the consolidated results for the first half of 2004 compared to the same period of the prior year. The net sales of timber products increased by 53% from USD 3.9 million to USD 5.9 million. Net profit for the first half increased by 66% from USD 820 thousand to USD 1.362 million. The equity ratio was 76% at the end of June 2004 (compared to 77% in June 2003 and 75% in December 2003). As the backlog for FSC certified timber is excellent at the end of the first half, Precious Wood is confident to achieve a significantly improved result for the full year.

Precious Woods is active in the sustainable management of tropical forests and has been listed on the SWX Swiss Exchange since March 2002. Details can be found in the shareholder letter, which has been mailed to all registered shareholders and published on the web at www.preciouswoods.com.

end of announcement            euro adhoc 03.09.2004
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Further inquiry note: Contact: Precious Woods Holding AG, Zug Dr. Andres Gut, CFO 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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