EANS-Adhoc: Precious Woods Holding Ltd. / Successful private placement of convertible notes in the amount of CHF 17 million

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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Company Information

04.12.2009

Precious Woods announces the successful private placement of the
convertible notes issue in the amount of CHF 17 million and with a
life of five years. The placement occurs a week after Precious Woods
successfully concluded its negotiations with the banks on the
mid-term financing.

The Board of Directors and the Group Management appreciate the
successful placement of the convertible notes which is considered a
sign of confidence within the company. The proceeds of the
transaction will be used to finance actions aimed to enhance the
group´s long term profitability.

The registered shares of Precious Woods Holding Ltd are listed on the
Main Standard of the SIX Swiss Exchange. The convertible notes will
not be listed or traded on any stock exchange.

The final conditions of the convertible notes are as follows:

Issuer Precious Woods Holding Ltd, Zug
Amount CHF 17 million
Issue price 100%
Coupon 6.25% p.a., payable annually on 15 December, after
deduction of Swiss Federal withholding tax of currently
35%.
Payment date 15 December 2009
Life 5 years
Redemption 15 December 2014 at nominal value
After two years at the earliest at the nominal value,
in the event (i) that the closing price of the
registered shares is at least 130% of the then
prevailing conversion price on at least 20 out of 30
trading days, or (ii) at least 85% of the nominal
amount of the notes has been converted or has been
redeemed by the Issuer and the corresponding notes have
been cancelled.
Conversion right
and conversion price The notes may, at any time from 25 January 2010 until 1
December 2014 or 5 banking days before the date fixed
for an early redemption, be converted into registered
shares of Precious Woods Holding Ltd with a nominal
value of CHF 50 each.

Conversion ratio One bearer note with a nominal value of CHF 5,000 may
be converted into 100 registered shares of Precious
Woods Holding Ltd during the conversion period.

Conversion price The conversion price is CHF 50 per new registered share
with a nominal value of CHF 50.

Restrictions U.S.A., U.S. Persons, European Economic Area as well as
outside Switzerland to institutional investors
according to sales restrictions of corresponding
countries only.

If and to the extent that this press release is communicated in, or
the offer of securities to which it relates is made in, any EEA
member state that has implemented Directive 2003/71/EC (together with
any applicable implementing measures in any member state, the
"Prospectus Directive"), this press release and the offering of any
securities described herein are only addressed to and directed at
persons in that member state who are qualified investors within the
meaning of the Prospectus Directive (or who are other persons to whom
the offer may lawfully be addressed) and must not be acted on or
relied on by other persons in that member state. This press release
does not constitute a prospectus within the meaning of the Prospectus
Directive.

end of ad-hoc-announcement ==========================================
====================================== 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 SIX 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