Precious Woods Gabon achieves FSC certification

All the Precious Woods Group companies engaged in forestry activities
are now FSC-certified.

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companies

Zug (euro adhoc) - Precious Woods Gabon, CEB (Compagnie Equatoriale
des Bois), a subsidiary of Precious Woods Holding Ltd., was awarded
the FSC certificate (Forest Stewardship Council) for its forestry
activities in Gabon in mid-October 2008. This certificate attests
that the company's forest concession in Gabon - comprising an area of
over 600,000 ha - is managed in a sustainable manner. Thus the entire
annual production of approximately 200,000 m3 of roundwood is
FSC-certified.

The certification of the company's Gabonese operations means that
following Brazil (1997), Costa Rica (2000), and Nicaragua (2007), all
the Precious Woods Group's international subsidiaries engaged in
forestry activities have now been certified by the Forest Stewardship
Council. This important step ensures that one hundred percent of the
forest areas managed by Precious Woods are now FSC-certified.

Particularly in the European market, FSC certification is a major
differentiating factor and represents a clear competitive advantage.
Not only does it mean that FSC-certified timber can be sold at a
premium price, it also guarantees a long-term "licence to operate" in
markets which are demanding increasingly high standards with regard
to the sustainability of the products being offered.

The certification of Precious Woods' subsidiary in Gabon is part of
the systematic implementation of the company's sustainability
strategy: to be the internationally leading pioneer of sustainable
forestry in the tropics.

The Forest Stewardship Council (www.fsc.org) guarantees that forests
are managed in an economically, environmentally and socially
sustainable manner. FSC is the world's leading certification
organisation in the forestry sector and the only timber certification
scheme to be supported both by NGO's concerned with environmental and
social development issues and by the forestry industry.

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