30.03.2007 – 07:35

Precious Woods Holding Ltd.

euro adhoc: Precious Woods Holding AG, Zug
Mergers - Acquisitions - Takeovers / Precious Woods acquires minority interest in Congolese forestry group

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

Expansion

30.03.2007

On March 29th 2007 Precious Woods acquired a minority interest in the
Liechtenstein-based company Nordsüdtimber (NST). With this step the 
Precious Woods Group has laid the foundation for an expansion into 
the Democratic Republic of Congo. The NST Group holds majority 
interests in four large forestry companies in the Democratic Republic
of Congo and in several trading and service companies in various 
European countries.

Precious Woods acquired its stake by participating in a capital 
increase conducted by the NST Group, thereby providing this company 
with fresh funds. The contract includes an option for Precious Woods 
to substantially increase its participation at a later date.

For Precious Woods, the investment in NST secures medium and 
long-term access to extensive, high quality timber resources. At the 
same time, Precious Woods aims to play an active part in the 
development of a sustainable forestry industry in the Congo Basin. 
NST’s subsidiaries are already preparing their operations for 
certification according to the criteria of the Forest Stewardship 
Council (FSC) and Precious Woods will lend its support to this 
process. The fresh capital provided by Precious Woods will be used to
improve NST’s logistics in the Democratic Republic of Congo and to 
expand processing capacity.

Precious Woods is an international company active in the sustainable 
management and use of tropical forests. The company’s core activities
include the reforestation and sustainable management of tropical 
forests, timber processing and the trading of FSC-certified wood 
products. The generation of emission rights and electricity from 
waste wood are further integral parts of the company’s business 
concept. The shares of Precious Woods Holding have been traded on the
SWX Swiss Exchange since March 2002. Further information about 
Precious Woods is available under www.preciouswoods.com.

end of announcement                               euro adhoc 30.03.2007 06:00:00

Kontakt:

Precious Woods Holding AG, Zug
Dr. Theodor Scheidegger, CFO
Tel. 41 1 245 80 10
mailto:office@preciouswoods.com

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