JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
Board of Directors (Appointments and Changes)
Personnel changes in the Executive Board

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21.01.2005

Andreas Tobler, founder and CEO for the ranges sales, marketing and product management will leave the company with the 28. of January - Dr. Albert Seidl was nominated with effect of the 28. of January as chairman of the board - supervisory board and executive board met this concerted solution to raise the potential of the JoWooD Productions Software AG

The JoWooD Productions Software AG a publicly listed company at the Vienna Stock Exchange announced a change in the executive board of the company.

Andreas Tobler, founder and CEO for the ranges sales, marketing and product management, will leave the executive board with the 28. of January 2005. The management contract with Mr. Tobler was not extended.

The supervisory board, active since the extraordinary shareholder´s meeting of last Friday, decided to make this step, fully aware of the substantial achievements of Mr. Tobler, in order to rapidly implement the changes, which correspond to the raise of the substantial potential of JoWooD and in particular the game pipeline 2005.

A clear failure to reach the sales objectives in the year 2004, the resulting turnover warning, critical notes of some shareholders in the extraordinary shareholder´s meeting of last Friday as well as the unsatisfactory efforts of internationalisation forced the supervisory board to act. A goal of this measure is the rapid increase of the efficiency of the company as well as the raise of the substantial potential.

Dr. Albert Seidl was nominated as a successor of Mr. Tobler as the chairman of the board. In the past years Dr. Seidl played an outstanding role as the responsible person of the Capital Bank in the development of JoWooD. When nominating, it was substantial for the supervisory board that the executive board knows the company and its possibilities and can thus implement its agendas immediately.

The supervisory board sees in particular the improvement of the selling structure, using all selling potentials as well as the development of a new strategy as substantial tasks for the designated chairman of the board.

The chairman of the supervisory board, Andreas Rudas concerning the changes: "The supervisory board recognizes the substantial achievements of Mr. Tobler. We thank for his commitment and the enthusiasm for the company. Mr. Tobler will consult the company in the transition period. We, the supervisory board, are convinced that with the new nomination as well as clear setting of tasks for Mr. Dr. Seidl, the priorities in the company were focused again. Thus the strength of JoWood shall be realized quickly. We wish Dr. Seidl a lot of success."

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 21.01.2005 14:44:21
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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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