JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
Board of Directors (Appointments and Changes)
Extraordinary shareholders meeting JoWooD Productions Software AG Acceptance of all agenda items (E)

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A capital increase from EUR 17,101.481 to EUR 25,652.222, was unanimously accepted in today’s extraordinary shareholders meeting of JoWooD Productions Software AG. The capital increase shall be realised by issuing of 8,550,741 shares with a nominal value of EUR 1 per share to registered shareholders, with participating rights beginning 1st January 2003 and at a purchase price of EUR 2. The strategic concept going forward as discussed in today’s shareholder meeting forms the basis of the capital increase. The focus thereby lies on own and licensed brands along with multiplatform publishing. Licensed brands are mainly TV and movie rights.

Additionally the vote for approved capital was accepted. The increase can be affected at any time during five years from the date pursuant to an entry made in the company’s contract to commercial register up to a value of EUR 8.5 million in multiple transactions (subject to board approval). The offer will be placed at shares with nominal value of EUR 1 at a price or consideration in kind to be agreed at the time of the transaction. The capital increase authorisation may only be used either against contribution in kind, or contribution in cash or acquisition of investment, enterprises, companies and parts of companies, or other assets. Shareholders may be totally or partially excluded from share subscription rights on such transactions.Management board will decide in accordance with the supervisory board on total or partial exclusion of subscription rights on shares, issue value of the stocks and conditions of issue.

Furthermore, shareholders in today’s shareholders meeting authorised the managing board to implement an extended share buy back scheme of up to 10% of shareholder’s equity within 18 months of today’s decision. The modified scheme allows the Managing Board greater flexibility in using the purchased shares. Such equity can either be de-listed, used as remuneration in exchange for a strategic partnership or for a stock option programme.

Finally the decision to move the registered office address of JoWooD Productions Software AG to Rottenmann / Styria was approved. This approval goes along with a subsidy of EUR 450,000 from the Styrian state council.

There are no changes in the supervisory board.

end of announcement            euro adhoc 30.10.2003
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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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