Archiv euro adhoc: JoWooD Productions Software AG (english)

Ebensee, 26.05.2004 - Disclosure announcement transmitted by euro adhoc.The issuer is responsible for the content of this announcement.

Ebensee, 26.05.2004 - Disclosure announcement transmitted by euro adhoc.The issuer is responsible for the content of this announcement.

JoWooD Productions Software AG JoWooD presents strategic Partner fordistribution in the US Partner will acquire minority share through capital increase

-Strategic partnership with FluentEntertainment creates wide opportunities for growth and attractivemargins-Capital increase scheduled for second half of June

JoWooD Productions Software AG a public company listed at the ViennaStock Exchange which has successfully completed its restructuring in2003 announces a strategic alliance with the US developer/publisherFluent Entertainment. The partnership shall include the acquisitionof a non-controlling stake in JoWooD by Fluent, and the co-publishingof the other partner?s product portfolios by both partners. Thelong-term objective of the partnership with Fluent is to improveJoWooD?s presence in the strategically important US-market and toimprove the sales potential for JoWooD?s proven product portfolio.

Fluent Entertainment was founded in 2002 by a team of distinguishedindustry professionals, several of which have been involved in thefoundation and development of some of the most successful interactiveentertainment companies over the last 20 years. The Californianbased company uses a business model which is very similar toJoWooD?s, i.e. focus on brands, with distribution through thirdparties with minimum guarantees.

First class contacts to major US-distributors with very high marketcoverage make Fluent an ideal partner for the US market.

The partners will share their distribution know how about theirrespective home markets.

Fluent Entertainment is intended to acquire a 20% stake in JoWooD-well below a blocking minority - by way of a capital increasescheduled for the second half of June. The terms for the capitalincrease will be decided shortly after an extra ordinaryshareholder?s meeting sheduled for June 15, 2004. The capitalincrease is intended to be conducted in two tranches. Capital Bank Group AG-GRAWE will function as the lead manager. The first trancheof up to 8m stocks will be open for subscription only to thestrategic partner and shall exclude subscription by existingshareholders. A second tranche of up to 8m stocks shall be offered toexisting shareholders at equal terms. The fixed issue price will beannounced upon the deposit of the issue prospectus. The issue pricewill not take into account recent short-term deviations in JoWooD?sstock price. The terms and schedule for the capital increase will beannounced upon the deposit of the issue prospectus which is plannedfor the second part of June.

JoWooD takes a positive outlook on the basis of an attractive productpipeline, a promising strategic alliance, as well as a current orderbacklog for the business years 2004 and 2005 of over EUR 35m - with asignificant amount of highly promising titles not yet sold - andexpects a significantly positive result for the business year 2004.

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

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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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