euro adhoc: Precious Woods Holding AG, Zug / Mergers - Acquisitions - Takeovers / Precious Woods acquires forestry and wood-processing companies in Gabon

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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 Africa

12.04.2007

On April 11th Precious Woods acquired majority interests in the
companies CEB and TGI, both of which are domiciled in Libreville,
Gabon. The associated European sales organisations were also included
in the acquisition. The two companies employ around 700 people in
total.

CEB manages existing forest in Eastern Gabon in a concession area of
600 000 hectares. Around 200 000 m3 of roundwood is harvested
annually. Since the mid-nineties, CEB has been engaged in drafting
and implementing a forest management plan, which constitutes
important pioneering ecological work within Central Africa’s forestry
industry. The plan guarantees that no more wood is harvested than can
simultaneously grow back. CEB operates a sawmill under the forest
concession and a small moulding factory in Libreville. TGI operates a
veneer factory in Libreville.

Precious Woods is set to virtually double its sales on a full-year
basis. We anticipate that both the profitability of the Group and its
ability to generate cash will significantly increase.

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 12.04.2007 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 44 245 80 10
mailto: office@preciouswoods.com

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