Current report no. 53/2022

Subject: KDPW statement on entering into an agreement with the Company concerning registration of the Company’s series M shares in the securities depository

Legal basis: Art. 56 section 1 item 2 of the Act on Public Offering – current and periodic information

The Management Board of CD PROJEKT S.A., headquartered in Warsaw (“the Company”), in relation to Current Report no. 43/2022 of 17 October 2022, hereby announces that it has become aware of the issuance of a statement by the National Depository for Securities S.A. (“KDPW“) No. 1095/2022, dated December 2, 2022, on entering into an agreement with the Company concerning registration, in the depository of securities operated by KDPW, of up to 32,000 series M ordinary bearer shares of the Company, with a par value of PLN 1 each (“Shares”), issued in the course of a conditional increase in the Company’s share capital, pursuant to Resolution no. 21 of the Ordinary General Meeting of the Company held on 24 May 2016, concerning issue of Series B subscription warrants with exclusion of pre-emption rights for existing shareholders, entitling holders to claim Series M shares, and conditional increase in the Company share capital via issue of Series M shares with exclusion of pre-emption rights for existing shareholders in order to facilitate implementation of the Incentive Program, and the corresponding changes in the Company Articles.

Registration of the Shares will take place on the basis of settlement orders referred to in § 6 of the Detailed Rules of Operation of KDPW in connection with the deregistration of the Company’s series B subscription warrants marked in KDPW with ISIN code PLOPTTC00052 (“Warrants”), from which the right to subscribe for the Shares has been exercised.

As disclosed in Current Report no. 43/2022, the declaration concerning take-up of Shares was filed to the Company by an entitled participant of the incentive program implemented by the Company in 2016-2019, in the exercise of the rights from the Warrants previously taken up by the said participant.

The shares will be registered under ISIN code PLOPTTC00060, whereupon it is intended that they will be assimilated with the remaining listed shares of the Company registered under ISIN code PLOPTTC00011.

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.