Current report no. 8/2023

Subject: Decision on establishing an impairment allowance regarding Project Sirius

Legal basis: Art. 17 of MAR – inside information

The Management Board of CD PROJEKT S.A. with its registered seat in Warsaw (“Company”) hereby announces its decision regarding the establishment in the Company’s books of an impairment allowance with regard to expenses incurred in the scope of development work related to Project Sirius, which is under development at The Molasses Flood studio. The value of expenses incurred by the end of 2022 amounts to 33.4 million PLN and will burden the financial results of the Company and the CD PROJEKT Group for the year 2022. The value of expenses incurred in January and February 2023 amounts to 9.5 million PLN and will accordingly burden the financial results for the first quarter of 2023.

The aforementioned decision is based on results of evaluation of the scope and commercial potential of the original concept of Project Sirius, and ongoing work on formulating a new framework for this project.


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.