JoWooD Productions Software AG

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

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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 shareholdersÂ’ 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.

end of announcement            euro adhoc 26.03.2003
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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

Branche: Software
ISIN:      AT0000747357
WKN:        074735
Index:    ATX Prime, ViDX, WBI
Börsen:  Baden-WĂĽrttembergische Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Berliner Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade
              Wiener Börse AG / official dealing



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