JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
Multiple oversubscription of JoWooDÂ’s offering in course of capital increase Early closing because of high demand (E)

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Jowood Software Productions Gmbh completed her capital increase with great success. The entire offering of 8.550.741 young stocks at a price of 2 EUR per stock was placed within the subscription period to existing share holders. The bigger part of the offering was sold to holders of subscription rights.  National and international institutional investors showed very high interest during the public offering. The demand among retail-customers was also very encouraging. A significant percentage of orders based on subscription rights came from Austrian private investors. The public offering was over-subscribed eight fold.

Because of the strong demand and the multiple over-subscription the management opted for an early closing of the subscription period which was originally planned to last until December 5. The capital increase was carried out under the lead management of Capital Bank - Grawe Group AG.

The proceeds of the share offering amounting to 17.101.482 EUR will be used for the development of games and in-house technology. Closely following her new stragtegic orientation JoWooD is concetrating on her core competencies, development and publishing of own and and licensed brands with a top ten potential. The funds raised during the capital increase will also be used to fortify JoWooDÂ’s position as a multi-platform publisher. Already in the coming year console games are expected to contribute around one third of JoWooDs total revenue. In addition, JoWooD is planning the acquisition of further promising movie- and television-licenses.

"The result of the capital increase underscores JoWooDÂ’s successful turnaround and the new company strategy. Based on the successful implementation of our revised distribution model and the concentration on top-titles we are expecting a clearly positive annual result. The multiple awards winning game "SpellForce" which was released on November 11, 2003, received excellent reviews form the special interest press and is one of the gaming industryÂ’s christmass hits. The first feedback from the market is very promising, comented CEO Andreas Tobler and CFO Michael Pistauer.

end of announcement            euro adhoc 02.12.2003

Further inquiry note: JoWooD Productions Software AG Dr. Michael Pistauer, Vorstand. Karin Kraberger, Investor Relations Manager. Tel.: +43 (0)3614 2966 1015

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

Weitere Meldungen: JoWooD Productions Software AG

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