JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
Board of Directors (Appointments and Changes)
JoWooD announces change in Management Board

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

14.03.2005

Dr. Michael Pistauer, CFO, will, at his own request, leave the company at the conclusion of the coming shareholders meeting.

Mr. Pistauer joined the company at the end of 2002 at a very difficult time as the company faced the threat of insolvency. His restructuring tasks improved and strengthened the equity-base, reduced financial liabilities, reduced costs (i.e. personnel, tangible assets) and restructured the product development pipeline All of these restructuring efforts were completed at the end of 2004.

Mr. Pistauer, who announced his intention to leave the company in 2004, was requested by shareholder-groups to create the base for structural changes.

Andreas Rudas, chairman of the Supervisory Board today said, "We are sorry that Mr. Pistauer is leaving and are grateful for his commitment. He informed the new Supervisory Board about his wish to leave the company in January. It was very important for us that fast acting was combined with a structured transition.

The success of the first weeks of this transition confirms our intention.  Mr. Pistauer will guarantee the consequent continuation of all restructuring topics and a structured transition until the end of the coming shareholders meeting.

end of announcement                                euro adhoc 14.03.2005 19:07:39
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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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