JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
Correction : 04 07 15 JoWooD Presseaussendung - press release (E)

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Dear Madam or Sir, please find attached press release.

For further questions we will always be available to you.

JoWooD closes public capital increase

JoWooD Productions Software AG closed the capital increase after reaching the set objectives.

The objective of the transaction was the integration of the strategic partner Fluent Entertainment Inc. The new partner has already completed a first partial investment into JoWooD. Fluent is entitled to purchase a total of up to 8m shares until September 30, 2004.

JoWooD also reached the strategic objective of the public capital increase, the extension of the shareholder base to foreign institutional investors.

During the subscription period which started on June 18 and ended yesterday, a total of 2,672,138 shares were subscribed for.

Approximately  200,000  shares were subscribed for by existing share holders. JoWooD’s management participated in the capital increase with the subscription for a total of 200.000 shares.

The remaining 2,291,054 shares were placed with foreign institutional investors.  

The proceeds from the capital increase will be used for intensifying international marketing and investment into product development.

"We have reached our objective of attracting renowned international institutional investors, with a long term investment perspective despite very difficult market conditions. High pressure on the stock made it difficult to place the share offering widely despite strong market interest in the title. Several investment funds who expressed interest in the stock are waiting for a cool down of its current volatility." said the Management Board of JoWooD AG.

end of announcement            euro adhoc 15.07.2004

Further inquiry note: JoWooD Productions Software AG Dr. Michael Pistauer, Vorstand. Karin Kraberger, Investor Relations 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-Württembergische Wertpapierbörse / free trade
              Frankfurter Wertpapierbörse / free trade

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