After trying that I got the same problem.
You meant this version of the 1.11.3 patch right?:
http://www.menofwargame.com/updates/...up1.11.3.1.exe , from
http://www.menofwargame.com/updates.phtml
Did you install the game to "C:\Program Files\Aspyr\Men of War" or somewhere else? What language did you use?