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euro adhoc: JoWooD Productions Software AG (english)

Ebensee, 15.06.2004 - Disclosure announcement transmitted by euro adhoc.The issuer is responsible for the content of this announcement.

Ebensee, 15.06.2004 - Disclosure announcement transmitted by euro adhoc.The issuer is responsible for the content of this announcement.

JoWooD Productions Software AG Extraordinary shareholder?s assemblyapproves formal requirements for entry of a strategic partner

Motions calling for extending the company?snominal capital by up to 7,880,000 shares through a public capitalincrease, extending the authorized capital by up to 10m shares, andauthorizing the executive board to issue with the permission of thecompany?s advisory board options for the purchase of up to 8m sharesto the strategic partner, were submitted to the shareholder?sassembly.

The relevant capital transactions will commence in June.

The strategic partner Fluent Entertainment Inc. will be contractuallybound to acquire a minimum of 4m JoWooD shares. Fluent may extendthis investment to up to 8m shares until September 30, 2004 providedthat Fluent?s stake does not exceed 20% of JoWooD?s capital. For eachpurchased share, Fluent will furthermore obtain a 1:1 share optionwith a maturity of two years. However, Fluent may exercise theseoptions only up a limit of a 20% total investment in JoWooD. Fluentmay not sell JoWooD shares in large quantities at the stock exchangeduring the maturity period. The issue price for the capital increaserelated to the cooperation agreement will be around 2.5 EUR. Theshares will be issued form the authorized capital, subscription byexisting shareholders will be excluded.

All points on the agenda were approved with the required quorums.

The details of the public share offer will be announced later thisweek upon the deposit of the prospectus. The issue price of thepublic offer will not exceed the issue price of the offer to Fluent.

Further inquiry note:JoWooD Productions Software AGDr. Michael Pistauer, Vorstand.Karin Kraberger, Investor Relations Manager.Tel.: +43 (0)3614 2966 1015mailo:investor@jowood.comhttp://www.jowood.comTel: 0043 3614 2966-1015FAX: 0043 3614 2966-1023Email: investor@jowood.com

Ende der Mitteilung

WKN: 074735ISIN: AT0000747357Marktsegment: ATX Prime, ViDX, WBI, official dealing Wiener BörseAG; free trade Berliner Wertpapierbörse, Bayerische Börse,Baden-Württembergische Wertpapierbörse, Frankfurter Wertpapierbörse

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