euro adhoc: JoWooD Productions Software AG / Earnings Forecast / JoWooD sales and earnings announcement Andreas Tobler initiating counter measures (E)

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

Due to a postponement of several releases into the forthcoming two quarters - especially the release of Gothic II - and the general diffficult market environment JoWooD Productions Software AG is obliged to decrease its sales and earnings forecast for the business year 2002.

Faced with the sector’s weak business development in the longer term initial measures of a cost reduction programme have already been implemented. The basis of these measures will be JoWooD’s focus on its core competences - the publishing and development of titles with chart topping potential. In the course of this programme the areas of publishing as well as development and distribution will be subject to extensive rationalization measures.

The company will publish detailed information regarding these measures, the third quarter results, the outlook for business year 2002 and the further strategic position of JoWooD at a press conference on November 14th, 2002.

Further inquiry note:
JoWooD Productions Software AG
Andreas Tobler, CEO.
Karin Kraberger, Investor Relations
Tel.: +43 (0)3614 2966 1015

end of announcement euro adhoc

Emittent: JoWooD Productions Software AG
Bahnhofstrasse 22
AT-4802 Ebensee
ISIN: AT0000747357
WKN: 074735
Indizes: ATX Prime, ViDX, WBI
Börsen: free trade Baden-Württembergische Wertpapierbörse, Bayerische Börse, Berliner Wertpapierbörse, Frankfurter Wertpapierbörse; official dealing Wiener Börse AG
Branche: Software
Sprache: Englisch