JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
quarterly or semiannual financial statement
Company Results first half-year 2006

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@

31.08.2006

• Turnover significantly exceeds expectations • Positive company result, again • Positive outlook for the second half-year

JoWooD Productions Software AG, listed on the Vienna stock exchange market, surpassed the quarterly turnover as announced in this year’s sharholders’ meeting of July 6, 2006 by more than 10%. The Company’s result exceeds expectations and is repeatedly positive.

The turnover of the first half-year has been effectively increased by 67% (TEUR 7,606) compared to last year’s reference period. The operating result of TEUR 1,055 is clearly positive, with an accumulated group result amounting to TEUR 885.

"We are already looking forward to the company’s results of the third and fourth quarter of 2006. The strongest titles of this year will be released within the next few weeks. The pre-order of Gothic 3 has begun, and we expect a very promising launch of this product. We are already working on add-on packages of JoWooD’s SpellForce- and Gothic 3 series, which will partially be launched in 2007 already" says Albert Seidl, CEO of JoWooD Productions Software AG.

Quantic Lab, a 100% subsidiary of JoWooD with registered office in Romania, started its operating business activities in April and is already integrated into the quality assurance process of JoWooD. Besides that, Quantic Lab’s endeavours to offer its services to third parties on the market and their efforts already scored some promising hits. First signed contracts are expected this year.

According to Albert Seidl, "We think that we set a milestone in the history of JoWooD with such managerial performances and business developments of our company. This progression demonstrates the effects of our ongoing restructuring processes and we intent to keep track." An increased shareholders’ equity of TEUR 8,588 and an equity ratio of 47% confirms this statement and illustrates a sustainable and solid balance.

Key Figures

@@start.t2@@in EUR 000                                                 Jan - Jun 2006              Jan - Jun 2005
Sales                                                                        7,606                            4,555
Costs of goods sold                                                  -702                          -1,370
Development costs                                                      -572                          -1,409
Gross profit before depriciation of games              6,332                            2,135
Depriciation of games                                            -3,516                          -1,913
Gross profit after depriciation of games                2,816                                222@@end@@

Operating result (EBIT) before restructuring

@@start.t3@@activities                                                                1,055                          -2,515
Restructuring Result                                                  -18                         -10,989
Operating result (EBIT) after restructuring
activities                                                                1,037                         -13,504
Result from ordinary operations                                 893                         -13,726
Result prior to minorities and changes
in reserves                                                                 885                         -13,730
Group result                                                                885                         -13,730
in EUR 000                                                        06.30.2006                    06.30.2005
Total Non- current assets                                        3,042                                641
Cash on hand and in banks                                        7,735                                456
Other current assets                                                7,347                          15,528
Total assets                                                          18,124                          16,625
Total Shareholders' equity                                      8,588                          -3,238
Minority interests                                                         0                                  0
Longterm accounts payable                                        3,864                            3,909
Thereof longterm debts to bank subordinated          3,733                                  0
Shortterm accounts payables                                    5,672                          15,954
Thereof shortterm debts to bank                                    8                            5,776
Thereof advanced payments                                          501                            1,069
in EUR 000                                                 Apr - Jun 2006              Apr - Jun 2005
Sales                                                                        2,477                            2,176
Costs of goods sold                                                  -454                              -688
Development costs                                                      -322                              -268
Gross profit before depriciation of games              1,701                            1,221
Depriciation of games                                            -1,115                              -914
Gross profit after depriciation of games                  586                                307@@end@@

Operating result (EBIT) before restructuring

@@start.t4@@activities                                                                  226                              -929
Restructuring Result                                                    22                         -10,989
Operating result (EBIT) after restructuring
activities                                                                  248                         -11,918
Result from ordinary operations                                 164                         -11,944
Result prior to minorities and changes in reserves  161                         -11,946
Group result                                                                161                         -11,946@@end@@

@@start.t5@@end of announcement                                                 euro adhoc 31.08.2006 08:39:59
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ots Originaltext: JoWooD Productions Software AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
JoWooD Productions Software AG
Dr. Albert Seidl, Vorstand
Matthias Rathammer, Investor Relations
Tel.: +43 (0)3612 2828
mailo:investor@jowood.com
http://www.jowood.com

Branche: Software
ISIN:      AT0000747357
WKN:        935221
Index:    WBI, ATX Prime, ViDX
Börsen:  Börse Berlin-Bremen / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Wiener Börse AG / official dealing



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