euro adhoc: JoWooD Productions Software AG / quarterly or semiannual financial statement / Company Results first half-year 2006

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

31.08.2006

• Turnover significantly exceeds expectations
• Positive company result, again
• Positive outlook for the second half-year

JoWooD Productions Software AG, listed on the Vienna stock exchange
market, surpassed the quarterly turnover as announced in this year’s
sharholders’ meeting of July 6, 2006 by more than 10%. The Company’s
result exceeds expectations and is repeatedly positive.

The turnover of the first half-year has been effectively increased by
67% (TEUR 7,606) compared to last year’s reference period. The
operating result of TEUR 1,055 is clearly positive, with an
accumulated group result amounting to TEUR 885.

"We are already looking forward to the company’s results of the third
and fourth quarter of 2006. The strongest titles of this year will be
released within the next few weeks. The pre-order of Gothic 3 has
begun, and we expect a very promising launch of this product. We are
already working on add-on packages of JoWooD’s SpellForce- and Gothic
3 series, which will partially be launched in 2007 already" says
Albert Seidl, CEO of JoWooD Productions Software AG.

Quantic Lab, a 100% subsidiary of JoWooD with registered office in
Romania, started its operating business activities in April and is
already integrated into the quality assurance process of JoWooD.
Besides that, Quantic Lab’s endeavours to offer its services to third
parties on the market and their efforts already scored some promising
hits. First signed contracts are expected this year.

According to Albert Seidl, "We think that we set a milestone in the
history of JoWooD with such managerial performances and business
developments of our company. This progression demonstrates the
effects of our ongoing restructuring processes and we intent to keep
track." An increased shareholders’ equity of TEUR 8,588 and an equity
ratio of 47% confirms this statement and illustrates a sustainable
and solid balance.

Key Figures

in EUR 000 Jan - Jun 2006 Jan - Jun 2005
Sales 7,606 4,555
Costs of goods sold -702 -1,370
Development costs -572 -1,409
Gross profit before depriciation of games 6,332 2,135
Depriciation of games -3,516 -1,913
Gross profit after depriciation of games 2,816 222

Operating result (EBIT) before restructuring

activities 1,055 -2,515
Restructuring Result -18 -10,989
Operating result (EBIT) after restructuring
activities 1,037 -13,504
Result from ordinary operations 893 -13,726
Result prior to minorities and changes
in reserves 885 -13,730
Group result 885 -13,730
in EUR 000 06.30.2006 06.30.2005
Total Non- current assets 3,042 641
Cash on hand and in banks 7,735 456
Other current assets 7,347 15,528
Total assets 18,124 16,625
Total Shareholders' equity 8,588 -3,238
Minority interests 0 0
Longterm accounts payable 3,864 3,909
Thereof longterm debts to bank subordinated 3,733 0
Shortterm accounts payables 5,672 15,954
Thereof shortterm debts to bank 8 5,776
Thereof advanced payments 501 1,069
in EUR 000 Apr - Jun 2006 Apr - Jun 2005
Sales 2,477 2,176
Costs of goods sold -454 -688
Development costs -322 -268
Gross profit before depriciation of games 1,701 1,221
Depriciation of games -1,115 -914
Gross profit after depriciation of games 586 307

Operating result (EBIT) before restructuring

activities 226 -929
Restructuring Result 22 -10,989
Operating result (EBIT) after restructuring
activities 248 -11,918
Result from ordinary operations 164 -11,944
Result prior to minorities and changes in reserves 161 -11,946
Group result 161 -11,946

end of announcement euro adhoc 31.08.2006 08:39:59
--------------------------------------------------------------------------------

ots Originaltext: JoWooD Productions Software AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
JoWooD Productions Software AG
Dr. Albert Seidl, Vorstand
Matthias Rathammer, 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-Bremen / free trade
Baden-Württembergische Wertpapierbörse / free trade
Frankfurter Wertpapierbörse / free trade
Bayerische Börse / free trade
Wiener Börse AG / official dealing