EANS-Adhoc: Precious Woods revises its expected operating results for 2011

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Company Information/Sustainable management and use of tropical
forests and plantations

02.12.2011

Zug/Zurich, 2 December 2011 - Due to a series of factors, Precious
Woods Holding Ltd is revising downwards its operating results
(EBITDA) forecast of at least USD 2 million for the current financial
year, as issued in its Half-Year Report. This correction is a result
of both internal and external influences. Due to capacity constraints
at the port of Libreville, Precious Woods Gabon was able to ship only
a portion of its products, and the starting phase of production at
the new hardwood sawmill, opened on 1 July 2011, was initially slower
than expected. What is more, sales in Brazil have been lower than
anticipated, resulting in further additional severance costs as part
of the turnaround process. The revised EBITDA forecast is now in the
order of USD -2 to -3 million, which nevertheless still represents an
improvement of around USD 7 million on the previous year, primarily
attributable to operational progress.

end of ad-hoc-announcement ==========================================
====================================== Precious Woods is one of the
world’s leading companies in the sustainable management and use of
tropical forests and plantations. 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 wood waste
represent further integral elements of the company’s business. Shares
of Precious Woods Holding Ltd. have been listed on the SIX Swiss
Exchange since March 2002. Additional information about Precious
Woods can be found at www.preciouswoods.com

Further inquiry note:
Precious Woods Holding AG
Brunhilde Mauthe
Head of Group Communications & Marketing Services
Tel. +41 44 245 81 20
Fax +41 44 245 81 12
media@preciouswoods.com

end of announcement euro adhoc
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issuer: Precious Woods Holding Ltd.
Baarerstrasse 135
CH-6301 Zug
phone: +41 44 245 80 10
FAX: +41 44 245 80 12
mail: office@preciouswoods.com
WWW: http://www.preciouswoods.com
sector: Forestry & Timber
ISIN: CH0013283368
indexes: SPI
stockmarkets: Main Standard: SIX Swiss Exchange
language: English