01.12.2003 – 08:48

Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding AG, Zug
Quarterly or Semiannual Financial Statements
Precious Woods achieves positive third quarter results (E)

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

The Precious Woods Group which is active in sustainable forestry in
the tropics increased sales of timber by 40% in the first nine months
of the current year compared to the same period of the prior year.
The consolidated net profit of the first nine months increased to
1’157 thousand USD in 2003 from 487 thousand USD in 2002. The high
rate of increase may not be extrapolated for the full year as one-off
gains were recorded in the fourth quarter of 2002 which are not
expected to repeat in the current year.

Further details may be found in our letter to shareholders which has
been published on our website www.preciouswoods.com and mailed to all
registered shareholders.

end of announcement        euro adhoc 01.12.2003

Kontakt:

Precious Woods Holding AG, Zug
Dr. Andres Gut, CEO
Tel. 41 1 245 80 10
mailto:office@preciouswoods.ch

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