euro adhoc: Precious Woods Holding Ltd. / Financial Figures/Balance Sheet / Precious Woods: Sales growth of 17%, extraordinary and non recurring adjustments at year end lead to a negative result for 2

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Company Information

02.03.2009

For the full year of 2008, Precious Woods reports revenues of USD
116.7 million composed of sales of timber, energy, emissions rights,
as well as the increase of the value of the biological assets. This
corresponds to a growth of 17% compared to 2007 (USD 99.8 million).
The exchange rate adjusted increase amounts to 10%, which is composed
of organic and acquisition related growth.

The expected sales for 2008 could not be reached due to a slowdown in
demand in the Netherlands and - as previously announced - due to
production related issues at the veneer factory in Gabon. Revenue
from CO2 emission rights stayed on track despite declining prices.
High uptime at the energy plant in Itacoatiara, Brazil led to a good
sales volume. The increase of the value of the biological assets in
Central America followed the stable long-term trend.

Challenging fourth-quarter and negative year end result The
fourth-quarter was marked by the consequences of the financial crisis
and global economic downturn. Demand for timber products on local and
export markets declined and sales prices came under pressure. The
negative economic development had a significant impact on prices of
CO2 emission rights on the European market.

Due to these circumstances, the operating result of Precious Woods
for the year 2008 will be unsatisfactory. Additionally, non-recurring
extraordinary items call for adjustments, which will lead to a clear
loss.

The Group Management and Board of Directors decided at the beginning
of the third-quarter to suspend all planned capital expenditure. At
the same time, measures to cut costs, slim down operations and
improve the operating cash flow were implemented.

Outlook The timber industry is suffering from a major decline in
demand. The outlook for the first-quarter 2009 for Precious Woods
varies depending on the specific markets and the product lines. With
the production issues at the veneer plant in Gabon resolved, output
and sales are performing well. The utilization of the plant is
guaranteed for the first three months of 2009; some orders cover the
period until the first semester. Sales of FSC-certified logs and sawn
timber show a satisfactory trend; thanks to the FSC certification,
prices could be held stable or in some cases even be increased.

We expect a promising development in sales of FSC-certified sawn
timber on the local Brazilian market. Industrial companies in the
Manaus area, as well as the public authorities in São Paulo start to
differentiate and specifically request timber coming from
ecologically and legally sound sources. However, on the traditional
markets of Precious Woods Europe, the demand for sawn timber products
shows a clear decline. A strong drop in prices for teak in the Asian
market also challenges our organization in Central America.

Precious Woods: Well diversified and strategically positioned The
diversified resources and market position represents one of the
strengths of the Precious Woods Group: With sustainably managed and
FSC-certified forests in Latin America and Africa, as well as a broad
product mix which ranges from round wood, veneer and sawn timber to
energy production and CO2 emission certificates, risks are widely
spread and market opportunities considerable. With our strategy
clearly focused on sustainability and the measures implemented to
improve productivity, we are confident to be able to master the
challenges ahead.

All previously stated figures are preliminary and not yet audited.
The final audited accounts will be published in April 2009.

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: media@preciouswoods.com

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