euro adhoc: JoWooD Productions Software AG / Annual & Special

Corporate Meetings / JoWooD takes stock of the previous business year and presents an outlook for 2005 - Replacement of the Supervisory Board was accepted by shareholder’s meeting without dissention - Sole agenda item of the Extraordinary Shareholder’s meeting of the publicly listed JoWooD Productions Software AG, at the Vienna Stock Exchange, was the re-election of the Supervisory Board (E) =

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

14.01.2005

The Executive Board blames the negative strategic partnership between JoWooD and the American company Fluent for the resignation of the entire Supervisory Board on 16th December 2004. Fluent has not brought the results expected by JoWooD. This was the reason for extensive discussions between the Executive and Supervisory Board. Since the middle of the year it was evident that negative deviations in sales have led to huge differences in concepts between all members of the Executive and Supervisory Board.

Major shareholders had withdrawn their faith in the Supervisory Board. The pending renomination of the Supervisory Board has led to the resignation of the entire Supervisory Board.

The shareholder’s meeting has, without dissention, elected the following as new members of the Supervisory Board . Andreas Rudas, Wolfgang Meusburger, Gerhard Weisschädel and Christoph Ludwig.

During this Extraordinary Shareholder’s meeting JoWooD discussed the development of the company in the previous business year and has given an outlook for the year 2005.

Despite the successful restructuring campaign the efforts of internationalisation did not lead to the desired results. The new Supervisory Board will be a great help in internationalisation and abolition of known deficits. Rapid measures are essential in order to tap the full potential of the excellent game pipeline 2005. The business year 2005 shows the best game pipeline since the formation of JoWooD. The potential of JoWooD is in excess of 40 mio. EUR sales .In order to reach this goal a massive concentration on distribution and marketing is essential.

The game portfolio for 2005 is a well balanced combination of PC- and Console based titles including outstanding brands (Gothic, Spellforce and Stargate etc.). JoWooD successfully entered the console-market with own brand products mid 2004.

Further information

Dr. Michael Pistauer
E-mail: investor@jowood.com
Tel.: +43 3614 2966 1021
Fax: +43 3614 2966 1023
www.jowood.com

Further inquiry note:
JoWooD Productions Software AG
Dr. Michael Pistauer, Vorstand
Mag. Oliver Ruetz, Investor Relations
Tel.: +43 (0)3614 2966 1016
mailo:investor@jowood.com
http://www.jowood.com

emitter: JoWooD Productions Software AG Technologiepark 4a A-8786 Rottenmann phone: 0043 3614 2966-1015 FAX: 0043 3614 2966-1064 mail: investor@jowood.com WWW: http://www.jowood.com ISIN: AT0000747357

end of announcement euro adhoc

indexes:
stockmarkets:

sector: Software language: English

OTS-ORIGINALTEXT UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS | OTB0007