26.05.2003 – 19:19

JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
Board of Directors (Appointments and Changes)
Change in JoWooD management board. Concentration in Austria (E)

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

A year from being actively a member of the management board, Thomas
Kirchenkamp has resigned as CTO for JoWooD of his own will with
effect from June 30th 2003.

Thomas Kirchenkamp has been with JoWooD through the company’s hardest
time in its history and contributed strongly in influencing the
restructuring of JoWooD as well as providing strategic focus on
development and publishing of top-ten titles.  "After contributing to
the redirection of JoWooD’s business model, concerning the
concentration on top titels and first successes with titels like
Gothic 2, I firmly believe that JowooD will surpass the success of
Gothic 2 with titles like Spellforce or Söldner-Secret Wars. However,
it is time for me to search for new challenges." commented
Kirchenkamp.

Thomas Kirchenkamp’s responsibilities will be taken over equally by
Andreas Tobler and Michael Pistauer following the decision to
centralize in Austria. Andreas Tobler "It is with great regret that
we have to accept the resignation of Thomas Kirchenkamp.
Centralization is the logical step for JoWooD’s new direction and
future.  The development and publishing structures that were
implemented in Germany by Thomas Kirchenkamp perfectly merge into the
structure here in the Austrian headquarters and will subsequently be
expanded and improved upon"

end of announcement        euro adhoc 26.05.2003

Further inquiry note:

JoWooD Productions Software AG Dr. Michael Pistauer, Vorstand. Karin Kraberger, Investor
Relations Tel.: +43 (0)3614 2966 1015 mailo:investor@jowood.com http://www.jowood.com

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