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

C.E.O. Interviews

10.12.2008

Publication according to §§ 4 and 5 of the Austrian Disclosure 
Regulation 2002

At the 8th Annual General Meeting of the shareholders of JoWooD 
Productions Software AG, held on June 25th 2008, the JoWooD board was
authorized, in accordance with § 65 (1) line 8 of the Austrian Stock 
Corporation Act, to acquire its own non-par value bearer shares in 
the company. Thereby, the board has been authorised to choose means 
of acquisition other than stock exchange dealing, or by a public 
offering, in due consideration of § 47a of the Austrian Stock 
Corporation Act. The Executive Board of the JoWooD Productions 
Software AG has now decided to exercise this option to buy back the 
shares. Details on the share buyback program pursuant to § 5 (2) 
Austrian Disclosure Regulation 2002:

1. The day on which the resolution of authorising the share buyback 
program was approved by the Annual General Meeting was June 25th, 
2008.

2. The day on which the announcement of the resolution passed by the 
Annual General Meeting authorising the share buyback program was made
was July 10th, 2008.

3. The share buyback program commences on December 16th, 2008, and is
anticipated to continue until (including) December 31st, 2009. The 
company reserves the right to abandon, reduce, or expand the program 
at any given time. The company is not obliged to buyback own shares 
within this program.

4. The share buyback program concerns non-par value bearer shares of 
JoWood Productions Software AG.

5. The share capital of the company amounts to EUR 19.149.865,--. It 
is comprised of 2.735.695 shares at a par value of EUR 7,--. The 
intended volume of the repurchase of the company´s own shares is up 
to 218.856 shares, which corresponds to 8 % of the current share 
capital of the company.

6. According to the resolution of the Annual General Meeting, the 
counter-value per share at the respective date of acquisition has to 
be within a range of +/- 30% of the average closing price of the 
company of the past 30 trading days on the Vienna Stock Exchange.

7. The buyback program of own shares will take place on the Vienna 
Stock Exchange. The main purpose of the share buyback programme is to
improve the supply and demand for the JoWooD share on the Vienna 
Stock Exchange, whereas the trade with own shares for a pecuniary 
reward is excluded.

8. The share buyback programme will not have an effect on the stock 
market listing of the issuer.

9. Within the buyback program, no stock options are being granted to 
employees, executives or board members.

JoWooD Productions Software AG intends to fulfill its disclosure 
requirements pursuant to §§ 6 and 7 Austrian Disclosure Regulation 
2002 by publishing the relevant information on the Website of the 
company (http://corporate.jowood.com).

end of announcement                               euro adhoc

Further inquiry note:

JoWooD Productions Software AG
Dr. Albert Seidl, Vorstand
Mag. Philipp Brock, 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 / free trade
Börse Frankfurt / free trade
Börse Stuttgart / free trade
Börse München / free trade
Wiener Börse AG / official dealing