euro adhoc: Precious Woods Holding Ltd. / Annual Reports / Strong Growth at Precious Woods. Capital increase planned with shareholder options.

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annual report

24.04.2008

Precious Woods posted total operating income of USD 99.8 million for
2007, an increase of two-thirds on the previous year. Timber and
electricity sales rose by more than 100%. The major share of this
increase was due to the newly acquired companies in Gabon. By
contrast, revenue from emission reduction activities amounted to only
one-third of the prior year revenue which had included emission
rights accumulated from previous years.

Operating profit increased by 100% to USD 7.8 million. Net profit
also doubled to USD 10.8 million. The lower profit from emission
reduction activities was offset by a gain from the revaluation of
investment property in Costa Rica.

Detailed information about the results for the year is given in the
2007 Annual Report, which was sent out to shareholders and published
on www.preciouswoods.com.

In the current year, Precious Woods aims to invest over USD 20
million to improve sales and profitability. In order to maintain the
healthy balance-sheet structure with a high equity ratio, a capital
increase representing 10% of the current authorised capital will be
proposed to the Shareholders´ Meeting. This capital increase will be
conducted by the issue of listed shareholder options. These will be
distributed to shareholders free of charge granting the right to
subscribe to new shares probably until the end of October 2008, at a
strike price approximately one-third less than the stock market
value.

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:

Kontakt:

Precious Woods Holding AG, Zug

Dr. Ted Scheidegger, CFO

Tel. 41 1 245 81 11

mailto: office@preciouswoods.com

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