CD Projekt — Major Shareholding Notification 2021

Dec 20, 2021

'~' esma European Securities and Markets Authority

~k ~ _._ Date:22 October 2015 _ _ *- * ~ ^~ ESMA/2015/1597

, _ _ _ _ __

i

_ Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be gent to the relevant issuer and to the competent authority)'

YRo M 1 S,AS' dS A. A 'a 5 '

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached

CD PROJEKT S.A.

7d'. * ~

1. Reason for the notification (please tick the appropriate box or boxes):

[x ] An acquisition or disposal of voting rights

• [x ] An acquisition or disposal of financial instruments ~ ---
• [ ] An event changing the breakdown of voting rights

[]Other (please specify)~~~;

3. Details of person subject to the notification ~obligation~°

Name: City and country of registered office (if applicable): The Goldman. Sachs Group, Inc. Corporation Trust Center, 1209 Orange Street, Wilmington DE 19801, USA

1. Full name of shareholders) (if different from 3.)°:

2. Date on which the threshold was crossed or reached°~: 15/12/2021

6. Total positions of persons) subject to the notification obligation:

	of voting rights at- tached to shares (to- tal of 7.A)	of voting rights through financial instru- ments total of 7.B.1 + 7.B.2	Total of both in (7.A + 7.B)	"- Total number of voting rights of is suerv~~
Resulting situation on the date on which threshold was crossed or reached	0.46°/a - -	4.57 /o ~	x.03 /0	100,738,800
Position of previous notification (if appli- cable	0.13%	4.79%	4.92%

7. Notified details of the resulting situation on the date on which the threshold was crossed or reached~~~~.

A: Voting rights attached to shares

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Class/type of	Number of voting rights~X		% of voting rights
shares I SIN code (if possi ble)	Direct (Art 9 of Directive 2004/109/EC	Indirect (Art 10 of Directive 2004/109/EC	Direct (Art 9 of Directive 2004/109/EC	Indirect (Art 10 of Directive 2004/109/EC
PLOPTTC00011	_.	456,292		0.45%
US1251051066		5,101		0.01
SUBTOTAL A		461,393	0.46%

Type of financial in strument	Expiration dater	Exercise/ Conversion Periodx~	Number of voting rights that may be acquired if the instrument is exer cised/ converted.	% of voting rights
Securities Lending	-Open		2,086,304	2.07%
	--	SUBTOTAL B.1	= 2,086,304	2.07%

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC

Type of financial instrument	Expiration ~ datex ~	Exercise/ Conversion Pe- riod xi	Physical or cash settlementx~~	Number of voting rights	~~ of voting rights
Swap	2025-10-27		Cash	440,071	0.44%
Swap	2030-10-30		Cash	232,559	0.23%
Swap	2030-12-09		Cash	162,126	0.16%
Swap	2030-12-09		Cash	138,012	0.14%
Swap	2023-12-18		Cash	113,383	0.11%

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	2031-01-07	Cash	106,030
Swap	2031-01-07	Cash	105,631	0.10%
Swap .	2031-01-13	Cash	76,741	0.08%
Swap	2031-01-13	Cash	68,349	0.07%
	2031-01-20	Cash	67,248	0.07%
	2031-01-20	Cash	65,141
	2031-01-27	Cash	62,912
Swap	2031-01-27	Cash	59,650	O.OF%
Swap	2031-01-28	Cash	50,931	0.05%
SVvap	2031-01-28	Cash -	45,729	0.05%
Swap	2031-02-03	Cash	34,623	0.03%
Swap ~	2031-02-04	Cash	28,851	0.03%
Swap	2031-02-04	Cash	28,133	0.03%
Swap	2031-02=10	Cash	26,543	0.03%
Swap	2031-02-10	Cash	26,112	0.03%
Swap	2031-02-24	Cash	21,634	0.02%
Swap	2031-03-03	Cash	21,450	0.02%
Swap	2031-03-03	Cash ~	20,253	0.02%
Swap	2031-03-10	Cash	20,098	0.02%
Swap	2031-03-10	Cash	16,746	0.02%
Swap	2031-03-12	Cash	15,752	0.02%
Swap	2031-03-12	Cash	15,157	0.02%
Swap	2031-03-12	Cash	14,137	0.01%a
	Swap Swap Swap Swap				0.11% D:06% 0.06%

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Swap	2031-03-17	Cash	13,949	0.01%
Swap	2031-03-24	Cash	13,842	0.01%
Swap	2031-03-24	Cash	12,866	0.01%
5"wap	2031-03-25	Cash	12,559	0.01%
Swap	2031-03-25	Cash	11,513	0.01%
Swap	2031-03-31	Cash	11,504	0.01%
Swap	2031-03-31	Cash	10,925	0.01%
Swap	2031-04-16	Cash	10,918	0.01%
Swap	2031-04-16	Cash	10,309	0.01%
Swap	2030-01-29	Cash	10,001	0.01%
Swap-	2023-02-23	Cash	9,911	0.01
Swap	2024-03-11	Cash	9,863	0.01%
Swap - -	-2024-03-11 ~	Cash	8,932	0.01%
Swap	2024-03-11	Cash	.8,827	0.01%
Swap ~	2024-03-11	Cash -	8,376	0.01%
Swap	2024-03-11	Cash	8,068	0.01%
Swap	2024-03-11	Cash	7,502	0.01%
Swap	2024-03-11	Cash	7,410	0.01%
Swap	2024-03-11	Cash	6,863	0.01%
Swap	2024-03-11	Cash	6,690	0.01%
Swap	2024-03-11	Cash	6,668	0.01%
Swap	2024-03-11	Cash	6,223	0.01%
Swap	2024-03-11	Cash	6,190	0.01%

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Swap	2024-03-11	Cash	6,000	0.01%
Swap	2024-03-11 ~	Cash	6,000	0.01%a
Swap	2024-03-11 ~	Cash	6,000	0.01%
Swap	2024-03-15	Cash	5,753	0.01%
Swap	2024-03-15	Cash	5,632	0.01%
Swap	2024-03-15	Cash	5,569	0.01%
Swap	2024-03-15	Cash	5,285	0.01%
Swap	2024-03-15 .	Cash	5,093	0.01%
Swap	2024-03-18	Cash	5,040	0.01%
Swap	2024-03-18	Cash	5,000	0.005%
Swap	2024-03-18	Cash	4,921	0.005%
Swap	2024-03-18	Cash	4,782	0.005%
Swap	2024-03-18	Cash	.4,667	0.005%
' Swap	2024-03-26	Cash ~	4,664	0.005%
Swap	2024-03-26	Cash	4,429	0.004%
Swap	2024-03-26	Cash	4,426	0.004%
Swap	2024-03-26 ~	Cash	4,382	0.004%
Swap	2024-03-26	Cash	4,204	0.004%
Swap	2024-04-10	Cash	4,176	0.004%Q
Swap	2024-04-10	Cash	4,140	0.004%
Swap	2024-04-10	Cash	4,017	0.004%
Swap	2024-04-10	Cash	4,000	0.004%
Swap	2024-04-11	Cash	4,000	0.004%

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Swap	2024-04-11		Cash	3,916	0.004%
Swap	2024-04-11		Cash	3,500	0.003%
.Swap	2024-04-11		Cash	3,328	0.003%
Swap	2024-04-11	-	Cash	3,101	0.003%
Swap	2024-05-02		Cash	3,077	0.003%
Swap	2024-05-0~ -		Cash	3,000 - -	0.003%
Swap ~	2024-05-07		Cash	3,000	0.003%
Swap	2024-05-07	~	Cash	2,951	0.003%
Swap	2024-OS-07		Cash	2,500	0.002%
Swap	2024-05-09		Cash	2,138	0.002%
Swap	2024-05-09		Cash	2,000	0.002%
Swap	2024-05-09		Cash	2,000	0.002%
Swap	2024-05-09		Cash	2,000	0.002%
Swap	2024-05-13		Cash	2,000	0.002%
Swap	2024-05-13	-	Cash	2,000	0.002%
Swap	2024-05-13		Cash	2,000	0.002%
Swap	2024-05-13		Cash	2,000	0.002%
Swap ~	2024-05-27		Cash ~	2,000	0.002%
Swap	2024-05-27		Cash	2,000	0.002%a
Swap	2024-05-27		Cash	2,000	0.002%
Swap	2024-05-27		Cash	2,000	0.002%
Swap	2026-07-09		Cash	2,000	0.002%
Swap	2031-08-04		Cash	2,000	0.002%

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Swap	2031-08-04	Cash	2,000	0.002%
Swap	2031-08-04	Cash	2,000	0.002%
Swap	2031-08-04	Cash	2,000	0.002%
Swap	2031-08-04	Cash	2,000	0.002%
Swap	2031-09-03	Cash -	2,000	0.002%
Swap	~ 2022-09-20	Cash	2,000	0.002%
Swap	2021-12-20	Cash	1,932	0.002%
Swap	2024-11-04	Cash	1,913	0.002%
Swap	2024-11-04	Cash	1,574	0.002%
Swap	2024-11-04	Cash	1,506	0.001%
Swap	2024-11-04 ~	Cash	1,495	0.001%
Swap	2030-01-29	Cash	1,433	0.001%
'Swap	2030-01-29	Cash	1,353	0.001%
Swap	2030-01-29 _	Cash • •	1,312	0.001%
Swap	2030-01-29	Cash	1,294	0.001%
Swap	2030-01-29	Cash	1,217	0.001%
Swap	2031-10-01	Cash	1,204	0.001%
Swap	2031-10-01	Cash	1,118	0.001%
Swap	2031-10-06	Cash	1,000	0.001%
Swap	2026-10-07	Cash	1,000	0.001%a
Swap	2031-10-13	Cash	1,000	0.001%
Swap	2031-10-13	Cash	1,000	0.001%
Swap	2031-09-29	Cash	1,000	0.001%

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Swap	2031-10-15		Cash	939	0.001%
Swap	2024-11-08		Cash	777	0.001%a
Swap	2031-11-10	~	Cash	718	0.00%
Swap	2031-11-10		Cash	643	0.001%
Swap	2031-11-10		Cash	642	0.001%
Swap	2022-02-24		Cash	610	0.001
Swap	2031-12-01		Cash	604	0.001%
Swap	2030-01-29		Cash	564	0.001%
Swap	2022-12-23	-	Cesh	525_	0.001%
Swap	2025-01-02	_	Cash	362	0.0004%
Swap	2025-01-02		Cash	354	0.0004%
Swap	2025-01-02		Cash ~	345	0.0003
Swap	2025-01-02		Cash	152	0.0002%
Swap	2031-12-03	~	Cash	131	0.0001%
Swap	2031-12-03		Cash	116	0.0001
Swap	2022-03-15		Cash	69	0.0001%
Swap	2022-12-23		Cash	23	0.00002
Swap	2031-12-15		Cash	16	0.00002%
			SUBTOTAL B.2	2,514,546	2.50%

_. -8.~Information in relation to the person subject to the notification obligation (please tick the applicable box):

[]Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertakings) holding directly or indirectly an interest in the (underlying) issuer.X~~~

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[x ]Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityx~°:

NameX~	of voting rights if it equals or is higher than the notifiable threshold	% of voting rights. through financial in- struments if it equals ar is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
The Goldman Sachs Group, Inc.
Goldman Sachs (UK) L.L.C.
Goldman Sachs Group UK Limited
Goldman Sachs Interna tional
The Goldman Sachs Grou , Inc.
Goldman Sachs & Co. LLC
The Goldman Sachs Grou , Inc.
GSAM Holdin s LLC
Goldman Sachs Asset Mana ement, L.P.
The Goldman Sachs Group, Inc.
Goldman Sachs Bank USA
Goldman Sachs Bank Euro e SE
The Goldman Sachs Grou , Inc.
I MD Holdin s LLC
United Capital Financial Partners, Inc.

United Capital Financial
Advisers, LLC

1. In case of proxy voting: [name of fhe proxy holder] will cease to hold [% and number] voting rights as of [date]

10. Additional information~~: _

~~~

esma * ~

Please note, the total amount of voting rights have been rounded to 2 decimal places therefore there is a possibility of a rounding error.

General email contact: - -gs-regops-emea-position-enquiries@gs.com

Done at Warsaw on 20/12/2021

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