12.04.2007 – 07:35

Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding AG, Zug
Mergers - Acquisitions - Takeovers / Precious Woods acquires forestry and wood-processing companies in Gabon

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.

Expansion Africa

12.04.2007

On April 11th Precious Woods acquired majority interests in the 
companies CEB and TGI, both of which are domiciled in Libreville, 
Gabon. The associated European sales organisations were also included
in the acquisition. The two companies employ around 700 people in 
total.

CEB manages existing forest in Eastern Gabon in a concession area of 
600 000 hectares. Around 200 000 m3 of roundwood is harvested 
annually. Since the mid-nineties, CEB has been engaged in drafting 
and implementing a forest management plan, which constitutes 
important pioneering ecological work within Central Africa’s forestry
industry. The plan guarantees that no more wood is harvested than can
simultaneously grow back. CEB operates a sawmill under the forest 
concession and a small moulding factory in Libreville. TGI operates a
veneer factory in Libreville.

Precious Woods is set to virtually double its sales on a full-year 
basis. We anticipate that both the profitability of the Group and its
ability to generate cash will significantly increase.

Precious Woods is an international company active in the sustainable 
management and use of tropical forests. The company’s core activities
include the reforestation and sustainable management of tropical 
forests, timber processing and the trading of FSC-certified wood 
products. The generation of emission rights and electricity from 
waste wood are further integral parts of the company’s business 
concept. The shares of Precious Woods Holding have been traded on the
SWX Swiss Exchange since March 2002. Further information about 
Precious Woods is available under www.preciouswoods.com.

end of announcement                               euro adhoc 12.04.2007 06:00:00

Kontakt:

Precious Woods Holding AG, Zug
Dr. Theodor Scheidegger, CFO
Tel. 41 44 245 80 10
mailto:office@preciouswoods.com

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