JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
JoWooD presents strategic Partner for distribution in the US Partner will acquire minority share through capital increase (E)

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- -Strategic partnership with Fluent Entertainment creates wide opportunities for growth and attractive margins -Capital increase scheduled for second half of June JoWooD Productions Software AG a public company listed at the Vienna Stock Exchange which has successfully completed its restructuring in 2003 announces a strategic alliance with the US developer/publisher Fluent Entertainment. The partnership shall include the acquisition of a non-controlling stake in JoWooD by Fluent, and the co-publishing of the other partner’s product portfolios by both partners. The long-term objective of the partnership with Fluent is to improve JoWooD’s presence in the strategically important US-market and to improve the sales potential for JoWooD’s proven product portfolio. Fluent Entertainment was founded in 2002 by a team of distinguished industry professionals, several of which have been involved in the foundation and development of some of the most successful interactive entertainment companies over the last 20 years. The Californian based company uses a business model which is very similar to JoWooD’s, i.e. focus on brands, with distribution through third parties with minimum guarantees. First class contacts to major US-distributors with very high market coverage make Fluent an ideal partner for the US market. The partners will share their distribution know how about their respective home markets. Fluent Entertainment is intended to acquire a 20% stake in JoWooD - well below a blocking minority - by way of a capital increase scheduled for the second half of June. The terms for the capital increase will be decided shortly after an extra ordinary shareholder’s meeting sheduled for June 15, 2004. The capital increase is intended to be conducted in two tranches. Capital Bank - GRAWE Group AG will function as the lead manager. The first tranche of up to 8m stocks will be open for subscription only to the strategic partner and shall exclude subscription by existing shareholders. A second tranche of up to 8m stocks shall be offered to existing shareholders at equal terms. The fixed issue price will be announced upon the deposit of the issue prospectus. The issue price will not take into account recent short-term deviations in JoWooD’s stock price. The terms and schedule for the capital increase will be announced upon the deposit of the issue prospectus which is planned for the second part of June. JoWooD takes a positive outlook on the basis of an attractive product pipeline, a promising strategic alliance, as well as a current order backlog for the business years 2004 and 2005 of over EUR 35m - with a significant amount of highly promising titles not yet sold - and expects a significantly positive result for the business year 2004. end of announcement euro adhoc 26.05.2004 --------------------------------------------------------------------- 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-Württembergische Wertpapierbörse / free trade Frankfurter Wertpapierbörse / free trade

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