euro adhoc: JoWooD Productions Software AG / Buybacks / Buyback program of own shares

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Disclosure announcement transmitted by euro adhoc. The issuer is responsible
for the content of this announcement.
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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
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ots Originaltext: JoWooD Productions Software AG
Im Internet recherchierbar: http://www.presseportal.de

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