EANS-Adhoc: Precious Woods Holding Ltd. / Successful private placement of convertible notes in the amount of CHF 17 million

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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04.12.2009

Precious Woods announces the successful private placement of the convertible
notes issue in the amount of CHF 17 million and with a life of five years. The
placement occurs a week after Precious Woods successfully concluded its
negotiations with the banks on the mid-term financing.

The Board of Directors and the Group Management appreciate the successful
placement of the convertible notes which is considered a sign of confidence
within the company. The proceeds of the transaction will be used to finance
actions aimed to enhance the group´s long term profitability.

The registered shares of Precious Woods Holding Ltd are listed on the Main
Standard of the SIX Swiss Exchange. The convertible notes will not be listed or
traded on any stock exchange.

The final conditions of the convertible notes are as follows:

Issuer                  Precious Woods Holding Ltd, Zug
Amount                  CHF 17 million
Issue price             100%
Coupon                  6.25% p.a., payable annually on 15 December, after 
                        deduction of Swiss Federal withholding tax of currently 
                        35%.
Payment date            15 December 2009
Life                    5 years
Redemption              15 December 2014 at nominal value
                        After two years at the earliest at the nominal value, 
                        in the event (i) that the closing price of the 
                        registered shares is at least 130% of the then 
                        prevailing conversion price on at least 20 out of 30 
                        trading days, or (ii) at least 85% of the nominal 
                        amount of the notes has been converted or has been 
                        redeemed by the Issuer and the corresponding notes have 
                        been cancelled.
Conversion right 
and conversion price    The notes may, at any time from 25 January 2010 until 1 
                        December 2014 or 5 banking days before the date fixed  
                        for an early redemption, be converted into registered 
                        shares of Precious Woods Holding Ltd with a nominal     
                        value of CHF 50 each. 

Conversion ratio        One bearer note with a nominal value of CHF 5,000 may 
                        be converted into 100 registered shares of Precious   
                        Woods Holding Ltd during the conversion period. 

Conversion price        The conversion price is CHF 50 per new registered share 
                        with a nominal value of CHF 50.  

Restrictions            U.S.A., U.S. Persons, European Economic Area as well as 
                        outside Switzerland to institutional investors 
                        according to sales restrictions of corresponding 
                        countries only.

If and to the extent that this press release is communicated in, or the offer of
securities to which it relates is made in, any EEA member state that has
implemented Directive 2003/71/EC (together with any applicable implementing
measures in any member state, the "Prospectus Directive"), this press release
and the offering of any securities described herein are only addressed to and
directed at persons in that member state who are qualified investors within the
meaning of the Prospectus Directive (or who are other persons to whom the offer
may lawfully be addressed) and must not be acted on or relied on by other
persons in that member state. This press release does not constitute a
prospectus within the meaning of the Prospectus Directive.

end of ad-hoc-announcement
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Precious Woods is one of the leading companies in the area of 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 SIX Swiss Exchange since March 2002. Further information about Precious
Woods is available at www.preciouswoods.com.

Further inquiry note:
Patrick Mauron
Head of Corporate Communication
Precious Woods Holding Ltd.
Militärstrasse 90
CH-8021 Zürich
Tel.: +41 44 245 81 20
E-Mail: media@preciouswoods.com
end of announcement euro adhoc
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issuer:   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: SIX Swiss Exchange
language: English

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