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JoWooD/Tivola deal

Distribution of latter's games in assorted territories arranged.

Liezen, Austria, xx of xx 2008; JoWooD Productions and Tivola Publishing are pleased to announce their partnership to publish and distribute entertainment products from the German based publisher, Tivola Publishing GmbH. Tivola Publishing GmbH is a leading producer and publisher of entertainment software for children, with a strong self-distribution network in Germany. JoWooD Productions and JoWooD Distribution will be responsible for the territories of North America, South America, Spain, Portugal and India, bringing more than 40 high quality titles for Nintendo DS, Wii and PC, each with high potential for success, to the markets.

„Tivolas` products are the perfect answer to the growing target group of gaming kids. They combine well-known licenses and fun-loaded gameplay with significant educational content. The portfolio is very appeali ng to our customers, and we are prepared for a successful product release with creative marketing and optimized positioning strategies“, comments Albert Seidl, CEO JoWooD Productions.

Christopher Koeppler, Managing Director Tivola Publishing GmbH: „We are looking forward to working with JoWooD in the territories North America, South America, Spain, Portugal and India. We were convinced by JoWooD’s presentation of a great concept with an extraordinary engagement. Together we anticipate great success in the distribution our games”.

About JoWooD Productions Software AG

JoWooD Productions Software AG (ATXPrime: JWD) is listed in the Prime Market segment of the Vienna stock exchange. JoWooD is a leading publisher of computer and videogames, releasing international acclaimed, high- quality titles for all existing and future gaming systems. JoWooD games are distributed worldwide by an efficient net of distribution partners.

Visit http://corporate.jowood.com for more information.

About Tivola Publishing:

Tivola Publishing GmbH was founded in 1995. The name is synonymous with multimedia products of the highest quality for children and adolescents. The aim of the publishing program is to offer age based entertainment that imparts knowledge and advances child development. Tivola’s product line includes games on several platforms including PC, DS, as well as DVDs, radio plays, and books. Tivola is the most successful German publisher abroad with its products licensed in over 80 countries.

PR Contact JoWooD Productions:

Tamara Berger

tberger@jowood.com

PR Contact JoWooD Productions UK:

Frazer Nash

fnc@frazer-nash-communications.co.uk

PR Contact Tivola Publishing GmbH:

Claudi a Hollingshausen

hollingshausen@tivola.de

NINTENDO DS, Wii AND THE Wii LOGO ARE TRADEMARKS OF NINTENDO.

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