24.02.2003 – 08:34

Precious Woods Holding Ltd.

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

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

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

Kontakt:

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