euro adhoc: JoWooD Productions Software AG / Annual Reports / JoWooD presents the results of the third quarter 2006

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29.11.2006

• Strongest quarterly EBIT of the year 2006
• Sales revenues for the first three quarters 2006 doubled compared to the
previous year
• A settlement with the local authority of Rottenmann has been reached

Dear ladies and gentlemen, dear shareholders,

JoWooD’s third quarter has been positively affected by the release of
strong products, such as "The Guild 2" and the delivery of "Gothic 3"
to our distribution partners. Altogether, the sales figures of both
of these titles developed exceptionally well. Since the end of 2005,
this is the third positive quarter in a row. With an operating result
before restructuring of TEUR 909, we have reached the strongest
quarter of this year so far. The equity ratio amounts to
extraordinary 48% excluding subordinated liabilities.

Sales revenues for the third quarter 2006 were increased by 262% up
to TEUR 4.608. The operative result in the third quarter of 2006
amounts to TEUR 273 with a respective group result of TEUR 272.

We have reached a settlement with the local authority of Rottenmann,
which provides a general adjustment of the differences regarding the
lease object. According to this settlement, the lease contract will
be terminated and several demands shall be settled. The settlement
shall be validated in the upcoming session of the district council.

The financial effects of this settlement have precautionary been
considered in the restructuring results of the third quarter. This
resolution can further improve JoWooD’s overall cost structure
significantly.

The nearly finished Add On to SpellForce 2, SpellForce 2 - Dragon
Storm, will against the original plan be released in the first
quarter of 2007, in order to expand the gamer-basis for the main
product over Christmas.

With "Freak Out - Extreme Freeride" JoWooD developed another,
interesting title in line with the successful winter sports series
"Alpine Ski Racing 2007". In order to further capitalise the segment
and to provide the group of buyers of winter sports titles with an
offer that covers the entire season, we decided to release this
product after Christmas.

At the moment, "Alpine Ski Racing 2007", which we market in
cooperation with our partner RTL, is in stores for this year’s
Christmas trade.

Besides the winter sports titles, JoWooD took another step forward in
implementing its positioning within the handhelds market by
announcing its publisher status for the Nintendo® DS™ system a few
days ago. This step is the consequent implementation of expanding our
targeted gamer audiences to casual gamers and the corresponding
growing segment. Already in the pipeline for the DS™ system are
interesting titles such as "Life Signs" (a.k.a. "Tendo Dokuta 2") and
"Neighbours from Hell 2", both to be released in the first quarter
2007 and the second quarter 2007, respectively. The teaserpage of
"Life Signs" is already online at www.lifesigns-game.com.

The intended acquisition of Canada-based publisher Dreamcatcher
results in interesting opportunities for the future of the
consolidated company. An important aspect of this transaction is the
immediate and significant enlargement of the product catalogue of
both companies. The following, current titles of Dreamcatcher already
contribute to the consolidated, European group turnover in the first
and second quarter of 2007.

Q1 2007:
Agatha Christie - Murder on the Orient Express
Aura 2 - Sacred Rings
Genesis Rising

Q2 2007:
Dead Reefs

Yours,

Dr. Albert Seidl, CEO JoWooD Productions

Key Figures

All values in EUR 000 Jan - Sept 2006 Jan - Sept 2005
Sales 12.214 6.312
Costs of goods sold -884 -1.643
Development costs (exclusive of depreciation of games) -478 -1.300
Gross profit before depreciation of games 10.852 3.369
Depreciation of games -5.703 -2.162
Gross profit after depreciation of games 5.149 1.207
Operating result before restructuring 1.964 -2.430
Restructuring result -561 -16.594
Operating result after restructuring 1.403 -19.024
Result from ordinary operations 1.166 -19.300
Result prior to minorities and changes in reserves 1.157 -19.305
Group result 1.157 -19.305
All values in EUR 000 09.30.2006 09.30.2005

non- current assets 3.008 512
Cash on hand and in banks 7.192 420
Accounts receivable others 8.942 10.026
Total assets 19.142 10.958
shareholders` equity 9.145 -8.763
Longterm accounts payable 3.783 3.867
Longterm debts to banks subordinated 3.714 0
short term accounts payable 6.214 15.854
Shortterm debts to banks 202 5.626
Advanced payments 352 1.021
Equity ratio 48% kA
All values in EUR 000 Juli - Sept 2006 Juli - Sept 2005
Sales 4.608 1.757
Costs of goods sold -182 -273
Development costs (exclusive of depreciation of games) 94 -251
Gross profit before depreciation of games 4.520 1.233
Depreciation of games -2.187 -249
Gross profit after depreciation of games 2.333 984
Operating result before restructuring 909 84
Restructuring result -543 -5.605
Operating result after restructuring 366 -5.521
Result from ordinary operations 273 -5.576
Result prior to minorities and changes in reserves 272 -5.577
Group result 272 -5.577

end of announcement euro adhoc 30.11.2006 08:15:35
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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
investor@jowood.com
http://www.jowood.com

Branche: Software
ISIN: AT0000747357
WKN: 935221
Index: WBI, ATX Prime, ViDX
Börsen: Börse Berlin-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Bayerische Börse / free trade
Wiener Börse AG / official dealing


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