euro adhoc: Precious Woods Holding Ltd. / Annual & Special Corporate Meetings / Precious Woods increases capital with shareholder options (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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23.05.2008

The Annual General Meeting (AGM) of shareholders of Precious Woods Holding
approved all motions of the board of directors. This included the approval of
conditional capital to be utilised for a capital increase with shareholder
options.

The conditions of the shareholder options were established by the board of
directors. The exercise ratio was set at 11:1, i.e. 11 shareholder options
grant the right to subscribe to one new share, and the strike price is CHF
82.00 per share.

Trading of the shareholder options is intended to take place on the SWX from 28
May 2008 until 28 October 2008; the exercise period will extend from 23 June
2008 until 31 October 2008, 12 noon.

If all shareholder options are exercised, Precious Woods will increase its
capital by about nine percent and aims to raise about CHF 25 million (net) in
new funds.

These funds will be employed for a series of expansion projects, including
broadened access to forest resources in Latin America as well as acquisitions
and efficiency improvements in the sales and processing of tropical timber. In
Brazil, in the region of Itacoatiara, Precious Woods Amazon will purchase
70'000 hectares of additional forest connecting two of its already existing
forest areas. Investments will be made in a power plant and an associated CO2
emissions reduction project in Gabon.

The AGM elected Ms. Katharina Lehmann as a new member of the Board of Directors
replacing Arie van den Berg who retired. Daniel Girsberger and Rolf Jeker were
re-elected for a further three year term.

Precious Woods (SWX: PRWN) 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.

Further inquiry note:
Kontakt:
Precious Woods Holding AG, Zug
Dr. Ted Scheidegger, CFO
Tel. +41 44 245 81 11
E-Mail: office@preciouswoods.com

end of announcement euro adhoc
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emitter: Precious Woods Holding Ltd.
Baarerstrasse 135
CH-6301 Zug
phone: +41 44 245 80 10
FAX: +41 44 245 80 12
mail: office@preciouswoods.com
WWW: http://www.preciouswoods.com
sector: Forestry & Timber
ISIN: CH0013283368
indexes: SPI
stockmarkets: official dealing: SWX Swiss Exchange
language: English

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