euro adhoc: JoWooD Productions Software AG / Annual & Special Corporate Meetings / Annual Shareholders’ Meeting lays solid foundation for the ongoing restructuring plan (E)

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

At today's annual general shareholders' meeting of JoWooD Productions Software AG, all essential proposed resolutions on the agenda were approved.

These included an authorization to increase the share-capital by a further 5 million new shares.

Due to the ongoing restructuring process and the losses announced for 2002, it was agreed that no dividends will be issued for year ending 2002.

The meeting accepted the resignation of Dr. Torger Christian Wolff (Chairman) and Dr. Thomas Huber (Member) of the Supervisory Board. Dr. Leopold Gartler has been appointed to the Supervisory Board as a member. Dr. Gartler is currently a General Manager of a Consultancy Company in Austria, and has seats on various other Supervisory Boards.

Optimistic outlook for 2003 based on attractive releases

Andreas Tobler (Management Board JoWooD) announced at the shareholders’ meeting, JoWooD expects to successfully implement the remaining of the restructuring plan during the financial year 2003.

After an excellent start to the current financial year with Gothic 2, the remaining quarters will see promising releases. A total of some 14 new releases are scheduled for 2003.

Further inquiry note:
JoWooD Productions Software AG
Dr. Michael Pistauer, Member of the Management Board
Karin Kraberger, Investor Relations Manager
Tel.: +43 (0)3614 2966 1015
mailo:investor@jowood.com
http://www.jowood.com
Tel: 0043 3614 2966-1015
FAX: 0043 3614 2966-1023
Email: investor@jowood.com

end of announcement euro adhoc

Emittent: JoWooD Productions Software AG
Bahnhofstrasse 22
AT-4802 Ebensee
Tel: 0043 3614 2966-1015
FAX: 0043 3614 2966-1023
Email: investor@jowood.com
WWW: http://www.jowood.com
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

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