JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
Annual & Special Corporate Meetings
JoWooD takes stock of the previous business year and presents an outlook for 2005 - Replacement of the Supervisory Board was accepted by shareholder’s meeting without diss

--------------------------------------------------------------------- Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. --------------------------------------------------------------------- 14.01.2005 The Executive Board blames the negative strategic partnership between JoWooD and the American company Fluent for the resignation of the entire Supervisory Board on 16th December 2004. Fluent has not brought the results expected by JoWooD. This was the reason for extensive discussions between the Executive and Supervisory Board. Since the middle of the year it was evident that negative deviations in sales have led to huge differences in concepts between all members of the Executive and Supervisory Board. Major shareholders had withdrawn their faith in the Supervisory Board. The pending renomination of the Supervisory Board has led to the resignation of the entire Supervisory Board. The shareholder’s meeting has, without dissention, elected the following as new members of the Supervisory Board . Andreas Rudas, Wolfgang Meusburger, Gerhard Weisschädel and Christoph Ludwig. During this Extraordinary Shareholder’s meeting JoWooD discussed the development of the company in the previous business year and has given an outlook for the year 2005. Despite the successful restructuring campaign the efforts of internationalisation did not lead to the desired results. The new Supervisory Board will be a great help in internationalisation and abolition of known deficits. Rapid measures are essential in order to tap the full potential of the excellent game pipeline 2005. The business year 2005 shows the best game pipeline since the formation of JoWooD. The potential of JoWooD is in excess of 40 mio. EUR sales .In order to reach this goal a massive concentration on distribution and marketing is essential. The game portfolio for 2005 is a well balanced combination of PC- and Console based titles including outstanding brands (Gothic, Spellforce and Stargate etc.). JoWooD successfully entered the console-market with own brand products mid 2004. Further information Dr. Michael Pistauer E-mail: investor@jowood.com Tel.: +43 3614 2966 1021 Fax: +43 3614 2966 1023 www.jowood.com end of announcement euro adhoc 14.01.2005 14:55:35 --------------------------------------------------------------------- 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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