euro adhoc: Precious Woods Holding Ltd. / Personnel / Group Management of Precious Woods complete again

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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13.10.2008

Cornelia Gehrig-Nell becomes the new CFO of Precious Woods Holding
Ltd.

With the appointment of Cornelia Gehrig-Nell as new Chief Financial
Officer, the Group Management Team of Precious Woods Holding Ltd.
will again be complete by February 2009. Until she assumes her
position CEO Andreas Heusler will continue to handle the
responsibilities of a CFO on an ad interim basis.

The Management of Precious Woods will be strengthened by a highly
skilled financial expert. The 42 year old business economist Cornelia
Gehrig-Nell possesses broad knowledge in all financial aspects within
medium sized and strongly export orientated industrial companies. At
the same, time she is familiar with capital markets, the Swiss
Exchange (SWX) and also acquainted with auditing. Due to her
professional exposure and experience especially within midsize
companies, Cornelia Gehrig-Nell is best qualified and the ideal
candidate to assume the CFO Position of the Precious Woods Group.

Cornelia Gehrig-Nell looks back on a successful 15-year career in the
financial area. She has experience as Senior Manager in the Audit
Services of the renowned auditing firm PricewaterhouseCoopers, as
well as Head of Group Treasury and Controlling at the Swiss
Technology Group Mikron. Furthermore, she was in charge of the
preparation of the IPO of Cablecom Ltd. In her current position as
CFO and Member of the Group Management of Swiss Ionbond Ltd. she
contributed first hand towards the lasting improvement of the group´s
financial situation.

Precious Woods 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:

Patrick Mauron

Head of Corporate Communication

Precious Woods Holding Ltd.

Militärstrasse 90

CH-8021 Zürich

Tel.: +41 44 245 81 20

E-Mail: patrick.mauron@preciouswoods.com

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