JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
Earnings Forecast
JoWooD sales and earnings announcement Andreas Tobler initiating counter measures (E)

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

Due to a postponement of several releases into the forthcoming two quarters - especially the release of Gothic II - and the general diffficult market environment JoWooD Productions Software AG is obliged to decrease its sales and earnings forecast for the business year 2002.

Faced with the sector’s weak business development in the longer term initial measures of a cost reduction programme have already been implemented. The basis of these measures will be JoWooD’s focus on its core competences - the publishing and development of titles with chart topping potential. In the course of this programme the areas of publishing as well as development and distribution will be subject to extensive rationalization measures.

The company will publish detailed information regarding these measures, the third quarter results, the outlook for business year 2002 and the further strategic position of JoWooD at a press conference on November 14th, 2002.

end of announcement            euro adhoc 07.11.2002

Further inquiry note: JoWooD Productions Software AG Andreas Tobler, CEO. Karin Kraberger, Investor Relations Tel.: +43 (0)3614 2966 1015

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

Weitere Meldungen: JoWooD Productions Software AG

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