euro adhoc: Precious Woods Holding Ltd. / Earnings Forecast / Lower Growth of Revenue, Reduced Profit in Third Quarter of 2008

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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16.10.2008

Total consolidated revenue of the Precious Woods Group increased by
USD 28 million to USD 91.5 million in the third quarter. This
corresponds to a growth rate of 37% over the first nine months,
compared to last year. After elimination of currency effects, growth
rate results in 20%.

Sales in Europe, where Precious Woods has its most important markets,
resulted lower than expected. Sawn timber sales suffered the most by
the reduced demand. The market for prime round wood and veneer
maintained its volume. Due to operational problems at the veneer
plant the company in Gabon did not reach the expected sales figure.
Sales prices for all these product lines, however, could be kept on
the prevailing levels in most markets.

Revenue from timber and energy sales in Brazil was consistent with
expectations; the same applies for revenues in Central America. The
volume and the price for Carbon Emission Rights were considerably
higher compared to last year.

Due to lower sales of sawn timber in Holland, lower output with high
production costs at the veneer plant in Gabon, as well as the
generally difficult market situation, Precious Woods will not achieve
the earlier communicated results for the year 2008.

Precious Woods will publish the third quarter result in the first
half of November together with detailed figures for the different
businesses.

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

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: patrick.mauron@preciouswoods.com

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