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Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding AG, Zug
Annual Reports
Precious Woods achieves year of growth in 2001 (E)

Disclosure announcement transmitted by euro adhoc. The issuer is
responsible for the content of this announcement.
Total revenue of the Precious Woods Group increased by 65% from USD
6.87 Million to USD 11.32 Million in 2001. Sale of wood products grew
by 83% from USD 5.05 Million to USD 9.21 Million. All business units
contributed to this growth led by Precious Woods Pará. The area of
forest (including the absolute preservation areas) managed in a
sustainable manner increased from 80000 hectares to 167700 hectares.
The plantations in Costa Rica were also expanded by 400 hectares to
now encompass an area of 4185 hectares.
Net earnings increased by 163% from USD 551 thousand to USD 1448
thousand. Precious Woods Amazon achieved profitability for the first
time and the group as a whole achieved positive operating cash flow.
For the current year, Precious Woods again expects to achieve further
growth in sales and net earnings. The acquisition of further forests
and operations is underway.
Precious Woods was founded in 1990 in Costa Rica where more than 20
valuable species of trees, primarily teak, are planted to reforest
abandoned pasture land. Since 1996 Precious Woods Amazon has
pioneered the sustainable management of existing forests in Brazil.
Sustainable management means that no more wood is harvested than
naturally grows back in the harvest period. The forests are protected
from clear cutting and slash and burn clearing. The local labour
force is provided with permanent jobs. All Precious Woods business
units are certified according to the standards of FSC (Forest
Stewardship Council). The timber is processed in two saw mills and
processing plants and marketed world wide.
end of announcement        euro adhoc 21.05.2002

Kontakt:

Precious Woods Holding AG, Zug
Dr. Theodor Scheidegger, CFO
Tel. 41 1 245 80 10
mailto:office@preciouswoods.ch

Branche: Forestry & Timber
ISIN: CH0013283368
WKN: 982280
Börsen: SWX Swiss Exchange