euro adhoc: Precious Woods Holding AG, Zug / Mergers - Acquisitions - Takeovers / Precious Woods acquires minority interest in Congolese forestry group

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

30.03.2007

On March 29th 2007 Precious Woods acquired a minority interest in the
Liechtenstein-based company Nordsüdtimber (NST). With this step the
Precious Woods Group has laid the foundation for an expansion into
the Democratic Republic of Congo. The NST Group holds majority
interests in four large forestry companies in the Democratic Republic
of Congo and in several trading and service companies in various
European countries.

Precious Woods acquired its stake by participating in a capital
increase conducted by the NST Group, thereby providing this company
with fresh funds. The contract includes an option for Precious Woods
to substantially increase its participation at a later date.

For Precious Woods, the investment in NST secures medium and
long-term access to extensive, high quality timber resources. At the
same time, Precious Woods aims to play an active part in the
development of a sustainable forestry industry in the Congo Basin.
NST’s subsidiaries are already preparing their operations for
certification according to the criteria of the Forest Stewardship
Council (FSC) and Precious Woods will lend its support to this
process. The fresh capital provided by Precious Woods will be used to
improve NST’s logistics in the Democratic Republic of Congo and to
expand processing capacity.

Precious Woods is an international company active in the sustainable
management and use of tropical forests. The company’s core activities
include the reforestation and sustainable management of tropical
forests, timber processing and the trading of FSC-certified wood
products. The generation of emission rights and electricity from
waste wood are further integral parts of the company’s business
concept. The shares of Precious Woods Holding have been traded on the
SWX Swiss Exchange since March 2002. Further information about
Precious Woods is available under www.preciouswoods.com.

end of announcement euro adhoc 30.03.2007 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
Tel. 41 1 245 80 10
mailto: office@preciouswoods.com

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