euro adhoc: Precious Woods Holding Ltd. / Personnel / Ernst A. Brugger named new Chairman of Precious Woods Holding Ltd

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

09.12.2008

Note:

Link to the photograph of the new Chairman of the Board of Directors
Ernst A. Brugger www.presseportal.ch/de/pm/100003569

Andres Gut, the long standing Chairman of the Board of Directors, is
stepping down from his function for health reasons. The Board of
Directors of Precious Woods Holding Ltd nominated Ernst A. Brugger
Chairman ad interim and will propose his election at the next Annual
General Meeting.

Ernst A. Brugger has been a member of the Board of Directors of
Precious Woods Holding Ltd since 2004, presides the Organisation
Committee and is a Member of the Strategy Commitee. He is Chairman of
the Board of Directors and Managing Partner of BHP - Brugger and
Partner Ltd and is Co-Founder and Chief Executive Officer of The
Sustainability Forum (TSF) in Zurich. In this function he has been
pleading for the implementation of principles of sustainability in
industrialised and developing economies. Furthermore he is member of
the Board of Directors of several other stock listed and private
owned companies.

Andres Gut was appointed to the Board of Directors of Precious Woods
Holding Ltd at the beginning of 1997. The same year he became
Chairman of the Board. He has been the driving force behind the
growth of the Precious Woods Group and made it to one of the leading
international companies in the sustainable management and use of
tropical forests.

The Annual General Meeting of Precious Woods Holding Ltd will be held
on May 12th, 2009 in Zurich.

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