JoWooD Productions Software AG

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. end of announcement euro adhoc 07.11.2002 --------------------------------------------------------------------- Further inquiry note: JoWooD Productions Software AG Andreas Tobler, CEO. Karin Kraberger, Investor Relations Tel.: +43 (0)3614 2966 1015 mailo:investor@jowood.com http://www.jowood.com Branche: Software ISIN: AT0000747357 WKN: 074735 Index: ATX Prime, ViDX, WBI Börsen: Baden-Württembergische Wertpapierbörse / free trade Bayerische Börse / free trade Berliner Wertpapierbörse / free trade Frankfurter Wertpapierbörse / free trade Wiener Börse AG / official dealing

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