CD PROJEKT Group Strategy Update

30 March 2021

This presentation was created by CD PROJEKT S.A. ("CD PROJEKT").

Data contained in this presentation is valid as of the day of its preparation. Consequently, this presentation will not be subject to changes, updates or modifications to account for events which might occur after this day.

The presentation outlines the activities of CD PROJEKT and the CD PROJEKT Group. It is purely informative in scope and should not be regarded as offering investment advice. Information contained in this presentation must not be construed as assurances, projections or forecasts regarding future accomplishments or earnings of CD PROJEKT or of the CD PROJEKT Group. This presentation does not constitute a complete or comprehensive financial or market analysis of CD PROJEKT or of the CD PROJEKT Group, and does not present a complete or comprehensive description of their current condition or outlook.

Although due diligence was applied in preparing this presentation, it may nevertheless contain ambiguities. Under no circumstances should this presentation be construed as a purchase recommendation, an invitation to subscribe to, or an offer to recommend purchase or subscription to any securities issued by CD PROJEKT.

The recipients of this presentation bear all responsibility for their own analyses and assessments regarding the status of the market as well as the condition and potential future earnings of CD PROJEKT which may be based on information contained herein. CD PROJEKT wishes to advise all parties accessing this presentation that the sole authoritative source of information concerning the Company's earnings, projections, events and indicators is represented by the current and periodic reports published by CD PROJEKT in the course of discharging its reporting obligations under Polish law.

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Legal Disclaimer

Presenting Team

Adam Kiciński

President, Joint CEO

Piotr Nielubowicz

Member of the Board, CFO

Michał Nowakowski

Member of the Board, SVP Business Development

Paweł Zawodny

Head of Production, CTO

Since 2002
Game development and publishing
~900 team members
Primary focus on AAA RPGs

Since 2008

Digital distribution

~200 team members

4100 games from 600 suppliers

Since 2018

Mobile game development

~50 team members

Primary focus on AAA mobile experiences

CD PROJEKT Group

Established and recognizable studio

Two unique franchises

Engaged community

Masterful storytelling

Direct connection to gamers

Online digital storefront

Accumulated cash and resources

World-class publishing

Our Core Strengths

Core values

Quality as our top priority

Passionate team as our greatest strength

Tolerance, fairness and openness at our heart

Independence

Gamer-centric approach

Mission

To create revolutionary story-driven RPGs, which go straight to the hearts of gamers from around the world

To be counted among the world's top three video game developers

To ensure a lasting place for our brands in the global popular culture

Mission and Values

Parallel AAA game development

Franchise value creation through core gaming extensions (e.g. mobile), and partnerships (e.g. TV series, merchandise)

Online experience enriching our IPs. Gaming community built around GOG GALAXY

CD PROJEKT Strategic Development Framework

Parallel AAA game development by growing production throughput RED 2.0

Online experience enriching our IPs. Gaming community built around GOG GALAXY

CD PROJEKT Strategic Development Framework

Franchise value creation through core gaming extensions (e.g. mobile), and partnerships (e.g. TV series, merchandise)

Scaling up our talent pool

Streamlining development process

Securing the quality of upcoming AAA content

Growing production throughput to enable parallel AAA game development

RED 2.0: Transforming and Powering Up for Growth

1 Non-player character

Transforming Development Process

Parallel AAA Development to Start in 2022

Marketing and PR campaigns will start closer to the actual launch

However, new projects might still be teased early on

Game communication will focus on more polished footage and demos

Moreover, showcases will be conducted on all platforms

Changing the Way we Communicate our Work

The Witcher: Monster Slayer

The Witcher 3: Next Gen update

Further development of GWENT

Patches and updates

Free DLCs1

Next Gen update

1 DLC – small additional content

Roadmap Update — 2021

Comfortable Open Empowering

Inclusiveness and diversity

Well-being

Bilateral internal communication

Barrierless environment

Ambitious projects

Personal development

Sustainable and Caring Work Environment

Increased Focus on Talent

We have just signed investment term sheet with Digital Scapes

Based in Vancouver, Canada

Trusted partner with skilled industry veterans

Actively on the Lookout for M&A Opportunities

Parallel AAA game development

CD PROJEKT Strategic Development Framework

Online experience enriching our IPs. Gaming community built around GOG GALAXY

Franchise value creation through core gaming extensions (e.g. mobile), and partnerships (e.g. TV series, merchandise)

Extending the Reach of Our RPGs

Pure RPG

RPG with action elements

RPG with action and shooter elements

— ENHANCED EDITION —

Available now In the pipeline Long-term consideration

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Adjacencies

Selected franchise expansion examples

Release of The Witcher: Monster Slayer – AR mobile game
Cyberpunk: EDGERUNNERS CD PROJEKT RED and Studio Trigger anime to be aired on Netflix
Increased offer on merchandise of toys, gadgets, comics and apparel