EANS-News: Precious Woods: The Annual General Meeting approved potential issue of a convertible bond

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Zug (euro adhoc) - The Annual General Meeting (AGM) of the Precious
Woods Holding Ltd., held on 12 May 2009, approved all motions of the
Board of Directors. Ernst A. Brugger Chairman ad interim was
confirmed in office. The members of the Board Inge Jost and Thomas
Hagen were re-elected for a further three year term.

The new Chairman Ernst A. Brugger referred in his opening speech to
fundamental long-term trends, which continue to support
sustainability within the real and financial economy, despite the
currently difficult market conditions. The corresponding
opportunities are, however, hardly reflected in the current share
price. CEO Andreas Heusler outlined the business year 2008,
emphasizing Precious Woods´ unique market positioning and its high
real asset value. The recently concluded FSC certification of all its
forest operations has become a major competitive advantage, since the
public awareness of ecological issues as well as the demand for
certified timber products on export but also local markets like in
Brazil is constantly increasing.

The AGM furthermore approved the motion to create additional
conditional capital. This will allow the company to obtain funds by
issuing a convertible or option bond. Securing financing options in
case of a further economic downturn and an improvement of the
financing structure are also in the interest of the company´s
shareholders. Precious Woods intends to wait for an appropriate
market environment before issuing a convertible bond at attractive
conditions.

For further information please refer to the Website of Precious Woods
www.preciouswoods.com, section Investor Relations, Annual General
Meeting.

Precious Woods is one of the leading companies in the area of
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: SIX Swiss Exchange / official dealing