euro adhoc: Precious Woods Holding Ltd. / quarterly or semiannual financial statement / Precious Woods in Period of Growth

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6-month report

10.09.2007

The half-year results demonstrate that Precious Woods continues to
grow strongly. Compared to the same period a year earlier, total
operating income was up 69%, from USD 25.0 million to USD 42.4
million. Net income amounted to USD 5.1 million versus a loss of USD
2.1 million in first half of 2006. In the second quarter, the
recently acquired Gabon-based companies already contributed
substantially to the increase in turnover and net income. Precious
Woods Europe performed better than expected. Precious Woods Central
America's result was in line with our forecast, whereas our Brazilian
subsidiaries did not meet expectations. Revenues from emission rights
and the generation of electricity were impacted by the shutdown of
the power plant in Itacoatiara which lasted several weeks. Details
are available in the Half-Year-Report which may be accessed at
www.preciouswoods.com

Statement of Income

in USD millions June 30, 2007 June 30, 2006

Operating income 42,4 25,0
Gross profit 12,1 3,4
Profit from
operating activities 5,4 -2,1
Net income after
minority interest 5,1 -2,1

Further, the transition contract which is a prerequisite for the
forest harvest at Precious Woods Pará has been signed last week. This
will allow the harvest to commence this week - albeit with a
significant delay. This is important for the second semester
expectations. The delayed harvest will significantly impact the
results of Precious Woods Pará in the third quarter - Precious Woods
Europe will also suffer from the lower volume of timber supplied.
However, in spite of this, the original profit expectations for the
Precious Woods Group as a whole should be met or exceeded in 2007.

Precious Woods is an international company active in the 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 10.09.2007 06:30:00
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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