Current report no. 17/2022

Subject: Management Board recommendation concerning allocation of net profit obtained in 2021

Legal basis: Art. 17 of MAR – Inside information

The Management Board of CD PROJEKT S.A. with a registered office in Warsaw (hereinafter referred to as “the Company”) hereby announces that on 25 May 2022 it adopted a resolution concerning submission to the Ordinary General Meeting of the Company of a recommendation concerning allocation of the Company’s net profit for 2021.

The Management Board recommends that 100 738 800.00 PLN be allocated to a dividend of 1 PLN per share, and that the remaining portion of the unallocated profit, at 135 195 231.92 PLN, be allocated to the Company’s reserve capital.

The Board also wishes to clarify that, in line with information disclosed by the Company in its periodic reports throughout 2021, the Company’s allocable net profit for 2021, reported as 240 113 068.92 PLN, was adjusted by deducting the negative retained earnings for the 2020 financial year, at 4 179 037.00 PLN (resulting from adjustment of the calculation of the Company’s deferred tax assets for 31 December 2020), yielding a figure of 235 934 031.92 PLN, which represents the aggregate allocable net earnings for the 2021 financial year.

In conjunction with the above, the Management Board recommends the following schedule:

  • dividend record date: 5 July 2022
  • dividend payment date: 12 July 2022

This recommendation will be submitted to the Supervisory Board for endorsement. The final decision regarding allocation of profit and payment of a dividend rests with the Ordinary General Meeting.

Disclaimer: This English language translation has been prepared solely for the convenience of English speaking readers. Despite all the efforts devoted to this translation, certain discrepancies, omissions or approximations may exist. In case of any differences between the Polish and the English versions, the Polish version shall prevail. CD PROJEKT, its representatives and employees decline all responsibility in this regard.