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

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

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

end of announcement euro adhoc 30.03.2007 06:00:00
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emitter: Precious Woods Holding AG, Zug
c/o Militärstrasse 90
CH-8021 Zürich
phone: 41 1 245 80 10
FAX: 41 1 245 80 12
mail: office@preciouswoods.com
WWW: http://www.preciouswoods.com
ISIN: CH0013283368
indexes: SPI
stockmarkets: official dealing: SWX Swiss Exchange
sector: Forestry & Timber
language: English

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