CD Projekt — Audit Report / Information 2018

Aug 28, 2018

Report on Review of the Condensed Interim Financial Statements

Grant Thornton Polska Sp. z o.o. sp. k. ul. Abpa Antoniego Baraniaka 88 E 61-131 Poznań Polska

T +48 61 62 51 100 F +48 61 62 51 101 www.GrantThornton.pl

For the Shareholders of CD PROJEKT S.A.

Introduction

We have reviewed the accompanying interim condensed financial statements of CD PROJEKT S.A. (the Company) with its registered office in Warsaw, Jagiellońska 74 Street, which comprise the interim condensed statement of financial position as of June 30, 2018, the interim condensed statement of profit or loss. condensed statement of comprehensive income, interim condensed statement of changes in equity, interim condensed statement of cash flows for the period from January 1, 2018 to June 30, 2018 and selected explanatory notes.

The Management Board of the Company is responsible for the preparation and presentation of these condensed interim financial statements in accordance with International Accounting Standard 34 Interim Financial Reporting published in the form of European Commission regulations.

Our responsibility is to express a conclusion on the accompanying condensed interim financial statements based on our review.

Scope of Review

We conducted our review in accordance with National Standard on Review Engagements 2410 consistent with International Standard on Review Engagements 2410 Review of Interim Information Performed by the Independent Auditor of the Entity adopted by the National Council of Statutory Auditors' resolution No. 2041/37a/2018 of March 5, 2018. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than audit conducted in accordance with National Standards on Auditing consistent with International Standards on Auditing adopted by the National Council of Statutory Auditors' resolution No. 2041/37a/2018 of March 5, 2018, and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Audit - Tax - Accounting - Advisory
Member of Grant Thomton International Ltd

Grant Thomton Polska Spółka z ograniczoną odpowiedzialnością sp. k. Audit Firm No. 4055.
General partner: Grant Thomton Polska Sp. z o.o. General Partner's Management Board: Tomasz Wróblewski – President of the Board,
Dari

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the accompanying condensed interim financial statements are not prepared, in all material respects, in accordance with International Accounting Standard 34 Interim Financial Reporting published in the form of European Commission regulations.

Jan Letkiewicz f

Statutory Auditor No. 9530 Key Audit Partner performing the review on behalf of Grant Thornton Polska Spółka z ograniczoną odpowiedzialnością sp. k., Poznań, ul. Abpa Antoniego Baraniaka 88 E, Audit Firm No. 4055

Poznań, August 28, 2018