euro adhoc: Precious Woods Holding AG, Zug / other / Over 0.5 Million CERs Issued to Precious Woods Renewable Energy Project

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Disclosure announcement transmitted by euro adhoc.
The issuer is responsible for the content of this announcement.
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18.09.2006

On September 15th, 2006 the UNFCCC administration issued 512.385 CERs
(Certified Emission Reductions) to the Precious Woods Group for its
BK Energia renewable power generation project located in the Amazon
region of Brazil resulting from the offset and avoidance of carbon
and methane emissions between November 2002 and April 2006. This
marks the first ever issuance of emission rights to a CDM project
based on forests managed in accordance with the strict social and
environmental criteria of the Forest Stewardship Council (FSC) and
the largest issuance to date to any CDM project operated in the
Americas.

With this issuance, Precious Woods has completed a major milestone in
its endeavor to systematically monetize the non timber forest assets
of its sustainably managed tropical forests. The gross market value
of the CERs issued is approximately USD 10 million at current market
prices. The future sale of these emission rights will contribute
significantly to the profitability and cash position of the Group.
Expected proceeds (of about USD 7 million) net of cost and minority
interest will be employed to support the ongoing expansion of
Precious Wood's sustainable forest management in tropical regions of
the Americas and Africa.

Precious Woods (SWX: PRWN) is active in the reforestation and
sustainable management of tropical forests, downstream wood
processing and trading of FSC certified timber and non timber forest
products. The shares of Precious Woods have been listed on the SWX
Swiss Exchange since March 2002. More information about the Company
and its activities may be found on the website www.preciouswoods.com.

end of announcement euro adhoc 18.09.2006 06:00:00
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ots Originaltext: Precious Woods Holding AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
Kontakt:
Precious Woods Holding AG, Zug
Dr. Theodor Scheidegger, CFO / MD Carbon & Energy
Tel. 41 1 245 80 10
mailto: office@preciouswoods.ch

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