JoWooD Productions Software AG

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

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JoWooD Productions Software AGÂ’s shareholders approved all motions presented at todayÂ’s annual general assembly by unanimous vote.

The annual results are discussed and carried forward on new account.

The shareholdersÂ’ assembly approves the following personnel changes to JoWooDÂ’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. DrexelÂ’s nomination reflects in particular the significant increase of JoWooDÂ’s free float as a result of 2003Â’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

JoWooDÂ’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 JoWooDÂ’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, JoWooDÂ’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 JoWooDÂ’s weak international market position have nothing to do with the quality of JoWooDÂ’s product line-up. JoWooD titles received multiple international awards from the special interest gaming press and performed successful within the companyÂ’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 shareholdersÂ’ 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 worldÂ’s largest single market for electronic entertainment.

end of announcement            euro adhoc 22.04.2004
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Further inquiry note: JoWooD Productions Software AG Dr. Michael Pistauer, Vorstand. 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:  Wiener Börse AG / official dealing
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Baden-WĂĽrttembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade



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