euro adhoc: Precious Woods Holding Ltd. / quarterly or semiannual financial statement / Precious Woods achieves solid first quarter result

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

3-month report

21.05.2008

Precious Woods increased net sales of timber and energy by 187% to
USD 33.3 million compared to the same period of the prior year. The
first quarter operating result increased by 59% to USD 4.0 million
and the net profit grew by 48% to USD 3.8 million compared to prior
year. The increase in sales and profit was primarily due to the newly
acquired companies in Gabon; however, organic growth still
contributed 23% to the increase in trading sales.

The acquired business in Gabon developed well, in line with
expectations: In the first quarter, the Gabonese companies achieved
sales of USD 19.1 million and an operating profit of USD 1.9 million.
Brazilian operations contributed USD 0.7 million to the operating
profit, with the improvement mainly due to the restructuring programs
implemented in the prior year. The temporary shut down of our saw
mill in Belém will only impact cost in the second quarter.

On the other hand, the operating result of the trading company
Precious Woods Europe lagged expectations. This company not only
suffered from delays in shipments from Brazil at the end of 2007, but
also from the increasing replacement values for timber. The sales
prices for timber stabilized at high level. In order to support the
integration and growth of the Group, management resources at the
corporate head quarter were strengthened. Associated corporate
overhead expense increased, however, below the growth of Group sales.

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.

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

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

Further inquiry note:

Kontakt:

Precious Woods Holding AG, Zug

Dr. Ted Scheidegger, CFO

Tel. +41 44 245 80 10

E-Mail: office@preciouswoods.com

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