JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
Extraordinary shareholderÂ’s assembly approves formal requirements for entry of a strategic partner (E)

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Motions calling for extending the companyÂ’s nominal capital by up to 7,880,000 shares through a public capital increase, extending the authorized capital by up to 10m shares, and authorizing the executive board to issue with the permission of the companyÂ’s advisory board options for the purchase of up to 8m shares to the strategic partner, were submitted to the shareholderÂ’s assembly.

The relevant capital transactions will commence in June.

The strategic partner Fluent Entertainment Inc. will be contractually bound to acquire a minimum of 4m JoWooD shares. Fluent may extend this investment to up to 8m shares until September 30, 2004 provided that FluentÂ’s stake does not exceed 20% of JoWooDÂ’s capital. For each purchased share, Fluent will furthermore obtain a 1:1 share option with a maturity of two years. However, Fluent may exercise these options only up a limit of a 20% total investment in JoWooD. Fluent may not sell JoWooD shares in large quantities at the stock exchange during the maturity period. The issue price for the capital increase related to the cooperation agreement will be around 2.5 EUR. The shares will be issued form the authorized capital, subscription by existing shareholders will be excluded.

All points on the agenda were approved with the required quorums.

The details of the public share offer will be announced later this week upon the deposit of the prospectus. The issue price of the public offer will not exceed the issue price of the offer to Fluent.

end of announcement            euro adhoc 15.06.2004
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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-WĂĽrttembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade



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