EANS-Adhoc: Precious Woods Holding Ltd. / Precious Woods revises forecast for 2012 slightly downwards

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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.
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Earnings Forecast/Sustainable Forestmangement
21.02.2013

Zug/Zurich, 21 February 2013 - Due to the deepened recession in the
Benelux countries sales of the business unit Europe turned out worse
than previously anticipated. Additionally, in the final weeks of last
year, the veneer plant in Gabon faced a technical problem, which has
been solved by now. However, it led to a short term production
decrease. Hence, Precious Woods will not achieve the previously
anticipated EBITDA result equivalent to the result in 2011. The group
now expects an EBITDA result for 2012 of between USD - 3 to - 4
million.

Despite continued efforts to secure land rights in Brazil the group
books additional provisions in the amount of USD 1.4 million. This
is done as a precautionary measure in order to account for newly
available information on land titles.

At the same time it can be noted that the Group's liquidity is
assured for the current year as a result of the successful placement
of two Convertible Bonds and further cost reductions.

The detailed business results shall be published on 30 April 2013.

end of ad-hoc-announcement ==========================================
====================================== Precious Woods is an
international company active in the sustainable management and use of
tropical forests. The company's core activities include sustainable
management of tropical forests, timber processing and the trading of
FSC-certified timber products. The generation of emission rights and
electricity from wood waste represent further integral elements of
the company's business. Shares of Precious Woods Holding Ltd have
been listed on the SIX Swiss Exchange since March 2002. Additional
information about Precious Woods can be found at
www.preciouswoods.com

This document includes forward-looking statements that reflect the
Company's intentions, beliefs or current expectations and projections
about the Company's future results of operations, financial
condition, liquidity, performance, prospects, strategies,
opportunities and the industry in which it operates. Forward-looking
statements involve all matters that are not historical fact. Such
statements are made on the basis of assumptions and expectations
which, although the Company believes them to be reasonable at this
time, may prove to be erroneous.

Further inquiry note:
Precious Woods Holding AG, Jacqueline Martinoli, Head of Finance /
Communications, Tel. +41 44 245 80 15, Fax +41 44 245 81 12,
media@preciouswoods.com

end of announcement euro adhoc
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issuer: Precious Woods Holding Ltd.
Baarerstrasse 79
CH-6301 Zug
phone: +41 44 245 80 10
FAX: +41 44 245 80 12
mail: media@preciouswoods.com
WWW: http://www.preciouswoods.com
sector: Forestry & Timber
ISIN: CH0013283368
indexes: SPI
stockmarkets: Main Standard: SIX Swiss Exchange
language: English