Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding AG, Zug
Annual Reports
Precious Woods returns to profit in a period of growth

-------------------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. -------------------------------------------------------------------------------- annual report 26.04.2007 Precious Woods has achieved an almost threefold increase in total operating income: from USD 20.6 million in 2005, to USD 59.9 million in 2006. Net profit for 2006 amounts to USD 5.3 million, compared to a prior year loss of USD 7.5 million. About two thirds of the increase in turnover are attributable to the integration of the European trading company, Precious Woods Europe, and the power plant in Brazil. In addition, revenue from emission rights contributed to income for the first time, and in the second semester, the upward price momentum in timber markets also had a significant impact on turnover. In the first semester of 2006, the Brazilian operations once again had to contend with losses and valuation adjustments, which is why the optimistic earnings forecast made in the spring of 2006 could not be met. By the end of the year, however, a package of restructuring measures and the rise in timber prices had stemmed the operating losses. The Precious Woods Group reports a full-year profit significantly above its pessimistic mid-year predictions. At USD 5.3 million, the 2006 net profit also surpasses the company’s previous profit record of USD 3.3 million achieved in 2004. 2007 has started well for all the Group’s businesses. In particular, the positive price developments in timber markets continue. As a result of the acquisition of the Gabon-based companies, Precious Woods expects sales of timber in the current year to increase by around 75%. Revenues from the sale of emission rights, on the other hand, will be significantly lower. The increase in value of the plantations in Central America is expected to be in line with the normal pattern of the past years. Provided there are no exceptional events, the company anticipates that in 2007 both total revenues and net profit will increase by around 50% compared to 2006. 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. 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 26.04.2007 06:00:00 -------------------------------------------------------------------------------- ots Originaltext: Precious Woods Holding AG, Zug Im Internet recherchierbar: http://www.presseportal.ch Further inquiry note: Kontakt: Precious Woods Holding AG, Zug Dr. Theodor Scheidegger, CFO Tel. 41 1 245 80 10 mailto: office@preciouswoods.com Branche: Forestry & Timber ISIN: CH0013283368 WKN: 982280 Index: SPI Börsen: SWX Swiss Exchange / official dealing

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