euro adhoc: Precious Woods Holding Ltd. / Annual & Special Corporate Meetings / Precious Woods increases capital with shareholder options

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Capital Increase

23.05.2008

The Annual General Meeting (AGM) of shareholders of Precious Woods
Holding approved all motions of the board of directors. This included
the approval of conditional capital to be utilised for a capital
increase with shareholder options.

The conditions of the shareholder options were established by the
board of directors. The exercise ratio was set at 11:1, i.e. 11
shareholder options grant the right to subscribe to one new share,
and the strike price is CHF 82.00 per share.

Trading of the shareholder options is intended to take place on the
SWX from 28 May 2008 until 28 October 2008; the exercise period will
extend from 23 June 2008 until 31 October 2008, 12 noon.

If all shareholder options are exercised, Precious Woods will
increase its capital by about nine percent and aims to raise about
CHF 25 million (net) in new funds.

These funds will be employed for a series of expansion projects,
including broadened access to forest resources in Latin America as
well as acquisitions and efficiency improvements in the sales and
processing of tropical timber. In Brazil, in the region of
Itacoatiara, Precious Woods Amazon will purchase 70'000 hectares of
additional forest connecting two of its already existing forest
areas. Investments will be made in a power plant and an associated
CO2 emissions reduction project in Gabon.

The AGM elected Ms. Katharina Lehmann as a new member of the Board of
Directors replacing Arie van den Berg who retired. Daniel Girsberger
and Rolf Jeker were re-elected for a further three year term.

Precious Woods (SWX: PRWN) is an international company active in the
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
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ots Originaltext: Precious Woods Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Kontakt:

Precious Woods Holding AG, Zug

Dr. Ted Scheidegger, CFO

Tel. +41 44 245 81 11

E-Mail: office@preciouswoods.com

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