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

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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announcement.
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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
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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: media@preciouswoods.com

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