CI Games S.A.

Legal Proceedings Report • Sep 12, 2022

Current Report No.31/2022Date:12 September 2022

Subject:Information on current status of the conversion of CI Games, S.A. intoSE procedure

The Management Board ofCI Games, S.A. with its registered office in Warsaw (the "Company"),with reference to the Company's current reports: No. 18/2022 of 28 July2022, No. 19/2022 of 4 August 2022, No. 26/2022 of 5 September 2022, No.28/2022 of 5 September 2022 and No. 29/2022 of 5 September 2022, informsthat the Company continues the process of conversion into a EuropeanCompany (SE), in accordance with the assumptions previously provided bythe Company, referred to, among others, in the above-mentioned currentreports and in the documents prepared for the purposes of conversioninto an SE published by the Company so far.

For the avoidance of anydoubts, the Management Board of the Company also explains that,according to the information obtained from the Company's legal advisorselected for the purposes of the conversion process into SE, theobstacle to the proceedings by the Extraordinary General Meeting of theCompany on September 5, 2022 of draft resolutions regarding the saidconversion into an SE was only a delay occurring in the proceedingspending in the Company's registry court, i.e. the District Court for theCapital City of Warsaw in Warsaw 13th Commercial Division, on theappointment of a statutory auditor for the purpose of conversion of theCompany into an SE. Moreover, as at 12 September 2022, the said decisionof the court on the appointment of an auditor (i.e. the consent of theregistry court to the statutory auditor proposed by the Company) whowill issue an opinion on the Company's assets for the purposes of theCompany's conversion into an SE has not been issued.

The state of waiting forthe issuance of the said decision persists despite the Company performedall actions required by law and acts of due diligence in order to issuesuch a decision until the end of August 2022 - about which the Company'sShareholders were fully informed during the Extraordinary GeneralMeeting of the Company on September 5, 2022. Due to this circumstance,at the Extraordinary General Meeting of the Company held on September 5,2022, it was proposed to order a break in its deliberations pursuant toArticle 408 paragraph 2 of the Commercial Companies Code, which,however, was not approved by the minority shareholders of the Company.

The Company expectsapproval by the Company's registry court for the selection of astatutory auditor in the nearest future.

The above informationwas considered confidential due to its importance for the procedure ofconversion of the Company into an SE, which is currently one of thestrategic processes for the Company and its Shareholders.

Legalbasis:_#160;Article17 Section 1 in connection with article 7 Section 1 of Regulation (EU)No. 596/2014 of the European Parliament and of the Council of 16 April2014 on Market Abuse (MAR).

Disclaimer:_#160;ThisEnglish language translation may contain certain discrepancies. In caseof any differences between the Polish and the English versions, thePolish version shall prevail.