JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
Board of Directors (Appointments and Changes)
JoWooD Productions Software AG: All motions at shareholders’ assembly approved by unanimous decision JoWooD presents Strategy for the next years (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- JoWooD Productions Software AG’s shareholders approved all motions presented at today’s annual general assembly by unanimous vote. The annual results are discussed and carried forward on new account. The shareholders’ assembly approves the following personnel changes to JoWooD’s advisory board. Mag. Josef Nothdurfter and Mr. Gerhard Auer retire from the advisory board. They are succeeded by Dr. Michael Drexel and Mag. Karl-Heinz Bohl. Dr. Drexel’s nomination reflects in particular the significant increase of JoWooD’s free float as a result of 2003’s capital increases. Mag. Bohl currently holds the position of COO of the operator of Salzburg Airport. Dr. Drexel leads his own law-firm in Graz. JoWooD presents strategy JoWooD’s current positioning within the interactive entertainment industry was discussed in the light of major market trends. The resulting strategic consequences were analyzed. JoWooD increased its already considerable share of the German interactive entertainment market. With 4,22 % of the market for PC entertainment software, JoWooD ranks fifth place (2002 sixth place). However JoWooD’s share of the global market for PC entertainment software is only approx. 0,8%. In addition, JoWooD, has had almost no presence within the Console sector. Thus, JoWooD’s share of the overall global market for electronic entertainment is only in the range of a tenth of a percent. However, the reasons for JoWooD’s weak international market position have nothing to do with the quality of JoWooD’s product line-up. JoWooD titles received multiple international awards from the special interest gaming press and performed successful within the company’s core regions. Strategic partnership for market development The management board believes that a strategic alliance with a partner from the US will set the necessary foundation for selective growth at healthy profit margins. The management board presents the structure of this partnership which will be accompanied by a capital transaction and co-publishing activities. JoWooD will also intensify its own international marketing efforts. This transaction will be prepared within the second quarter of 2004. An extraordinary shareholders’ assembly is therefore likely to be scheduled within this quarter. In order not to affect ongoing negotiations, no name was presented. More detailed statements should be released during the coming weeks. JoWooD expects a substantial increase of its market share in the US, the world’s largest single market for electronic entertainment. end of announcement euro adhoc 22.04.2004 --------------------------------------------------------------------- Further inquiry note: JoWooD Productions Software AG Dr. Michael Pistauer, Vorstand. Karin Kraberger, Investor Relations Tel.: +43 (0)3614 2966 1015 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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