Current report no. 43/2022

Subject: Take-up of Series M shares of the Company by the entitled party as a result of exercising the rights incorporated by Series B subscription warrants issued under the Company incentive program covering the 2016-2019 period

Legal basis: Art. 17 section 1 of MAR – Inside Information

The Management Board of CD PROJEKT S.A. with its registered office in Warsaw (the “Company”), in relation to Current Report no. 29/2020 of 4 September 2020, Current Report no. 44/2020 of 23 September 2020 and Current Report no. 9/2021 of 8 February 2021, hereby announces that on 17 October 2022 entitled participant (the “Participant”) of the incentive program covering the 2016 – 2019 period (the “Incentive Program”) submitted to the Company a statement which indicates the take-up of 32,000 Series M ordinary bearer shares of the Company (the “Shares”) as a result of exercising the rights incorporated by previously assigned Series B subscription warrants (the “Warrants”), each of which entitles its holder to claim one Share at an issue price of 25.70 PLN. The rights incorporated by the Shares will emerge on the day the Shares are entered on the securities account belonging to the Participant (by registration in the securities depository maintained by the National Depository of Securities). As soon as the Shares are entered on the Participant’s account, their allotment within the meaning of the second sentence of Article 451 § 2 of the Commercial Companies Code will become effective. A one-year lock-up period applies to the Shares. Consequently, 100% of rights incorporated by the Warrants issued by the Company under the Incentive Program have now been exercised.

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.