JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
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Organizational change at JoWooD

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• JoWooD announces resignations of the entire board of the supervisory board • Extraordinary shareholders` meeting to reinstate new board of directors will be scheduled immediately • New board of directors should bring experience in international distribution and media-industry to implement a step forward in internationalisation and distribution in the interest of all shareholders • The members of the management board see a significant support by the shareholders in their chosen path

The JoWooD Productions Software AG a publicly listed company at the Vienna Stock Exchange announced the resignation of all members of the supervisory board after Dr. Michael Drexel, member of the board, declared his resignation already last Monday.

The announcement of the resignations reached the company yesterday afternoon after the closing of the stock market.

Any previous press reports or interviews are stand alone statements by the members of the board, which did not originate from the company nor were they given in its accordance. On the contrary to these medial descriptions, the company is good on terms with all the stockholders.

Despite the successful restructuring campaign  the efforts of internationalisation and distribution did not lead to the desired results. The new supervisory board  should bring experience in internationalisation and media-industry. Existing deficits in sales have to be removed fast to benefit from the excellent game-pipeline in 2005. The game-portfolio will be a well balanced mix of PC- and Console-based titles including outstanding brands (Gothic, Spellforce, Stargate etc.). JoWooD successfully entered the console-market with its own products mid of this year.

The new supervisory board will be nominated within an extraordinary shareholders´ meeting. Details will be announced shortly in the Wiener Zeitung and in separate public announcements. The extraordinary shareholders´ meeting is expected to be held in the mid of January.

The shareholders are invited to propose corresponding suggestions for nominees.

In the company’s point of view  the changes in the board of members are an important step for the further strategic positioning for JoWooD.

Further informations:

Dr. Michael Pistauer E-mail: investor@jowood.com Tel.: +43 3614 2966 1022 Fax: +43 3614 2966 1023 www.jowood.com

end of announcement                                euro adhoc 17.12.2004 13:32:32
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Further inquiry note: JoWooD Productions Software AG Dr. Michael Pistauer, Vorstand. Mag. Oliver Ruetz, Investor Relations Tel.: +43 (0)3614 2966 1016 mailo:investor@jowood.com http://www.jowood.com

Branche: Software
ISIN:      AT0000747357
WKN:        074735
Index:    WBI, ATX Prime, ViDX
Börsen:  Berliner Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Wiener Börse AG / official dealing



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