euro adhoc: Precious Woods Holding Ltd. / other / Temporary shut-down of the Precious Woods´ Pará sawmill (Brazil)

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

Plant Closings

14.02.2008

Due to insufficient supplies of roundwood, Precious Woods Pará has
been necessitated to temporarily close its sawmill. 255 staff will be
affected by the decision. Precious Woods Pará is committed to fulfill
its obligations according to the Brazilian law as well as those of
the social plan that was agreed upon with the trade unions.

The late arrival of the concession agreement and consequently the
delay of the harvest´s start into October 2007 are the reasons for
this measure.

The remaining stocks are not large enough to keep the sawmill loaded
until the beginning of the coming harvest in May 2008. The original
hope to harvest through the end of January 2008 in spite of the
beginning of the rainy season could not be fulfilled as the Brazilian
Forest Authorities did not grant any timber company the right to
extend the harvest period beyond 31 December 2007.

Precious Woods plans to resume the harvest in May 2008 with the
option of operating the sawmill on reduced capacity. However, this
decision will depend on the possibility of gaining access to
additional forest concessions.

Precious Woods 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.

end of announcement euro adhoc
--------------------------------------------------------------------------------

ots Originaltext: Precious Woods Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Contact:

Precious Woods Holding AG, Zug

Dr. Andres Gut, Chairman

Tel. +41 44 2458010 / +41 44 2458120

mailto: office@preciouswoods.com

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