JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
Quarterly or Semiannual Financial Statements
JoWooD announces for the first time a positive result in the first quarter Restructuring process successfully implemented (E)

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Group result with TEUR 35 significantly above target Gross turnover increased to TEUR 4,458 in the first quarter New sales structure a pillar of success

JoWooD Productions Software AG, a publicly traded company on the Vienna Stock Ex-change, announced for the first time a positive Group result for the first quarter. Due to the implementation of the restructuring measures, the Group result after minorities amounted to TEUR 35 in the traditionally weakest quarter of the year and, is considerably above the forecasted figures.

The EBIT before restructuring measures and one-off effects also increased up to TEUR 2,720 by ten fold in comparison with the previous year. The turnover reached TEUR 8,444 well over the expectations. This was achieved primarily due to a consistent and successful implementation of the new sales structure. The planned operative cash-flow reached TEUR 2,306 in the period under review and was also surpassed considerably.

Due to the restructuring process started in the previous year the balance sheet also improved considerably. The balance was almost cut by half compared with first quarter of 2002, the return on equity, inclusive of the minority interests, improved to 13 % in compari-son to 4 % by September 30th, 2002.

end of announcement            euro adhoc 14.05.2003
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Further inquiry note: JoWooD Productions Software AG Dr. Michael Pistauer, Vorstand. 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:  Wiener Börse AG / official dealing
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade



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