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Abonner Precious Woods Holding Ltd.

Precious Woods Holding Ltd.

EANS-Adhoc: Precious Woods Holding Ltd.
Successful bank agreement, reinforcement of market position

  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
Company Information
26.11.2009
Precious Woods successfully concluded the talks with the banks on the
mid-term financing of the Group. The agreement contains the 
continuation of the existing credit lines as well as the 
restructuring of the existing loans.
The Board of Directors and the Group Management have initiated a 
comprehensive action plan which will sustainably improve the group´s 
market position and profitability as of 2010. The challenges in the 
current market conditions however remain demanding. Emerging markets 
in Asia and Latin America show early signs of recovery, which should 
further improve the market position of Precious Woods.
Prospective full certification of Precious Woods
Precious Woods Gabon is well on the way to be fully FSC certified. 
The subsidiary TGI with the veneer factory in Libreville has 
successfully passed an audit of the FSC accreditation program 
conducted end of October by an independent certification body. The 
company is looking forward to being certified in December 2009. The 
upcoming granting of the highly regarded certification follows one 
year after the FSC certification of the subsidiary CEB for its 
forestry activities and industrial operations (sawmill and moulding 
factory).
Having reached this milestone, the Precious Woods Group will 
prospectively rank among the first companies in the tropical forestry
and timber industry to have fully FSC certified forest resources, 
forestry activities and industrial operations: A strong commitment to
sustainability.
end of ad-hoc-announcement ==========================================
====================================== Precious Woods is one of the 
leading companies in the area of sustainable management and use of 
tropical forests. The company's core activities include reforestation
and sustainable management of tropical forests, timber processing and
the trading of FSC-certified timber products. The generation of 
emission rights and electricity from recovery wood represent further 
integral elements 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 at 
www.preciouswoods.com.
end of announcement                               euro adhoc

Further inquiry note:

Patrick Mauron
Head of Corporate Communication
Precious Woods Holding Ltd.
Militärstrasse 90
CH-8021 Zürich
Tel.: +41 44 245 81 20
E-Mail: media@preciouswoods.com

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

Plus de actualités: Precious Woods Holding Ltd.
Plus de actualités: Precious Woods Holding Ltd.