Successful share capital increase by Precious Woods Holding AG

The share capital increase by Precious Woods Holding AG has been greeted with keen interest by investors. A total of 209’173 registered shares were issued at price of CHF 115.50 per registered share.

Zug, 14 June 2007 – Precious Woods Holding AG today placed 209’173 registered shares with institutional investors as part of an accelerated bookbuilding exercise. The placement price was CHF 115.50. The proceeds of around CHF 24 million will partly be used to refinance the recent acquisition, via its subsidiaries, of CEB and TGI, companies both based in Libreville, Gabon.

First trading of the new registered shares is expected to take place on 21 June 2007 on the SWX Swiss Exchange. Zürcher Kantonalbank is the Lead Manager for the transaction.

The core activities of Precious Woods include reforestation, the sustainable management of tropical forests, wood processing and trading in FSC-certified wood products. The generation of emission rights and production of electricity from wood waste are additional key components of its business concept.

Shares in Precious Woods have been trading on the SWX Swiss Exchange since March 2002. Further information is available at http://www.preciouswoods.com/

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