07.11.2002 – 23:04

JoWooD Productions Software AG

euro adhoc: JoWooD Productions Software AG
Earnings Forecast
JoWooD sales and earnings announcement Andreas Tobler initiating counter measures (E)

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

Due to a postponement of several releases into the forthcoming two
quarters - especially the release of Gothic II - and the general
diffficult market environment JoWooD Productions Software AG is
obliged to decrease its sales and earnings forecast for the business
year 2002.

Faced with the sector’s weak business development in the longer term
initial measures of a cost reduction programme have already been
implemented. The basis of these measures will be JoWooD’s focus on
its core competences - the publishing and development of titles with
chart topping potential. In the course of this programme the areas of
publishing as well as development and distribution will be subject to
extensive rationalization measures.

The company will publish detailed information regarding these
measures, the third quarter results, the outlook for business year
2002 and the further strategic position of JoWooD at a press
conference on November 14th, 2002.

end of announcement        euro adhoc 07.11.2002

Further inquiry note:

JoWooD Productions Software AG Andreas Tobler, CEO. 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: Baden-Württembergische Wertpapierbörse / free trade
Bayerische Börse / free trade
Berliner Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Wiener Börse AG / official dealing