313music JWP AG / Legal Matter 07.04.2008 Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- 313music JWP AG brings claims to damages to bear EUR 1.9 million claims against former Board members Jack White and Frank Nußbaum Munich, April 7, 2008 The Supervisory Board of 313music JWP AG has, after conclusion of the special audits conducted by the auditors and legal experts on the Companys annual financial statements for 2004 and 2005 demanded in a written communication sent to former CEO Jack White and former CFO Frank Nußbaum that they compensate the Company for the damages that arose, which are preliminarily put at EUR 1.9 million. This figure is exclusively made up of audit and consultancy costs as well as loans impermissibly granted. The figure does not include the damages, which presumably arose in the United States and are being specified in the ongoing examinations being carried out there. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: 313music JWP AG: 313music JWP AG produces and publishes music recordings by various artists, and also acquires and exploits master recordings by other producers. 313music JWP AG is listed in the Prime Standard segment on the Frankfurt Stock Exchange. For further information, please contact: Thomas M. Stein, CEO, phone: +49 89 9509490, fax: +49 89 95094920, contact@313jwp.de www.313jwp.de DGAP 07.04.2008 --------------------------------------------------------------------------- Language: English Issuer: 313music JWP AG Münchner Straße 135 85774 Unterföhring Deutschland Phone: +49-(0)89 95 0 949 0 Fax: +49-(0)89 95 0 949 2214 E-mail: contact@313jwp.de Internet: www.313jwp.de ISIN: DE0005087506 WKN: 508750 Indices: GEX, Prime All Share , Prime Media Performance-Index , Prime IG Movies & Entertainment End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: 313music JWP AG brings claims to damages to bear
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