CD Projekt — Major Shareholding Notification 2021

Nov 30, 2021

Date:22 October 2015 ESMA/2015/1597

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority)i

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

CD PROJEKT S.A.

2. 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)iii:

3. Details of person subject to the notification obligationiv :

Name:

The Goldman Sachs Group, Inc.

City and country of registered office (if applicable): Corporation Trust Center, 1209 Orange Street, Wilmington DE 19801, USA

4. Full name of shareholder(s) (if different from 3.)v :

5. Date on which the threshold was crossed or reachedvi: 24/11/2021

6. Total positions of person(s) 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 suervii
Resulting situation on the date on which threshold was crossed or reached	0.70%	4.60%	5.30%	100,738,800
Position of previous notification (if appli cable)	n/a	n/a	n/a

7. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares

Class/type of shares ISIN code (if possi ble)	Number of voting rightsix		% of voting rights
	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		706,215		0.70%
US1251051066		219		0.0002%
SUBTOTAL A		706,434	0.70%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC
Type of financial in strument	Expiration datex	Exercise/ Conversion Periodxi	Number of voting rights that may be acquired if the instrument is exer cised/ converted.	% of voting rights
Securities Lending	Open		2,027,802	2.01%
		SUBTOTAL B.1	2,027,802	2.01%

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 x i	Physical or cash settlementxii	Number of voting rights	% of voting rights
Swap	16/04/2031		Cash	442,667	0.44%
Swap	03/02/2031		Cash	265,762	0.26%
Swap	10/11/2031		Cash	232,559	0.23%
Swap	30/10/2030		Cash	185,598	0.18%
Swap	17/03/2031		Cash	106,460	0.11%
Swap	10/11/2031		Cash	105,631	0.10%

Swap	24/02/2022	Cash	79,084	0.08%
Swap	06/10/2031	Cash	68,349	0.07%
Swap	01/10/2031	Cash	67,262	0.07%
Swap	16/04/2031	Cash	65,141	0.06%
Swap	17/09/2031	Cash	63,329	0.06%
Swap	13/10/2031	Cash	62,912	0.06%
Swap	11/03/2024	Cash	59,649	0.06%
Swap	10/11/2031	Cash	50,931	0.05%
Swap	11/03/2024	Cash	45,728	0.05%
Swap	11/03/2024	Cash	34,623	0.03%
Swap	11/03/2026	Cash	31,376	0.03%
Swap	11/03/2024	Cash	28,851	0.03%
Swap	11/03/2024	Cash	26,543	0.03%
Swap	29/01/2030	Cash	26,113	0.03%
Swap	18/03/2024	Cash	26,112	0.03%
Swap	26/03/2024	Cash	21,634	0.02%
Swap	27/10/2025	Cash	21,450	0.02%
Swap	04/11/2024	Cash	20,253	0.02%
Swap	07/05/2024	Cash	20,098	0.02%
Swap	15/10/2031	Cash	18,030	0.02%
Swap	11/03/2024	Cash	16,746	0.02%
Swap	10/04/2024	Cash	15,752	0.02%
Swap	18/03/2024	Cash	15,157	0.02%
Swap	13/05/2024	Cash	14,137	0.01%
Swap	11/03/2024	Cash	12,866	0.01%
Swap	26/03/2024	Cash	12,559	0.01%

Swap	11/03/2024	Cash	11,513	0.01%
Swap	07/05/2024	Cash	11,504	0.01%
Swap	11/03/2024	Cash	10,925	0.01%
Swap	27/05/2024	Cash	10,918	0.01%
Swap	11/04/2024	Cash	9,911	0.01%
Swap	11/03/2024	Cash	9,863	0.01%
Swap	04/11/2024	Cash	8,932	0.01%
Swap	11/03/2024	Cash	8,827	0.01%
Swap	27/05/2024	Cash	8,797	0.01%
Swap	04/08/2031	Cash	8,776	0.01%
Swap	11/03/2024	Cash	8,376	0.01%
Swap	13/05/2024	Cash	8,068	0.01%
Swap	10/04/2024	Cash	7,410	0.01%
Swap	09/05/2024	Cash	6,863	0.01%
Swap	04/11/2024	Cash	6,690	0.01%
Swap	11/03/2024	Cash	6,223	0.01%
Swap	27/05/2024	Cash	6,190	0.01%
Swap	07/01/2031	Cash	6,000	0.01%
Swap	10/03/2031	Cash	6,000	0.01%
Swap	11/04/2024	Cash	5,753	0.01%
Swap	18/03/2024	Cash	5,632	0.01%
Swap	11/03/2024	Cash	5,569	0.01%
Swap	04/08/2031	Cash	5,297	0.01%
Swap	11/03/2024	Cash	5,285	0.01%
Swap	01/10/2031	Cash	5,093	0.01%
Swap	18/03/2024	Cash	5,040	0.01%

Swap	10/03/2031	Cash	5,000	0.005%
Swap	18/03/2024	Cash	4,782	0.005%
Swap	26/03/2024	Cash	4,667	0.005%
Swap	10/04/2024	Cash	4,664	0.005%
Swap	07/05/2024	Cash	4,429	0.004%
Swap	29/01/2030	Cash	4,426	0.004%
Swap	27/05/2024	Cash	4,382	0.004%
Swap	07/05/2024	Cash	4,204	0.004%
Swap	26/03/2024	Cash	4,176	0.004%
Swap	10/04/2024	Cash	4,140	0.004%
Swap	26/03/2024	Cash	4,017	0.004%
Swap	09/12/2030	Cash	4,000	0.004%
Swap	03/09/2031	Cash	4,000	0.004%
Swap	09/05/2024	Cash	3,916	0.004%
Swap	15/03/2024	Cash	3,328	0.003%
Swap	13/05/2024	Cash	3,101	0.003%
Swap	09/12/2030	Cash	3,000	0.003%
Swap	07/01/2031	Cash	3,000	0.003%
Swap	13/05/2024	Cash	2,951	0.003%
Swap	18/12/2023	Cash	2,500	0.002%
Swap	11/04/2024	Cash	2,138	0.002%
Swap	13/01/2031	Cash	2,000	0.002%
Swap	13/01/2031	Cash	2,000	0.002%
Swap	20/01/2031	Cash	2,000	0.002%
Swap	20/01/2031	Cash	2,000	0.002%
Swap	04/02/2031	Cash	2,000	0.002%

Swap	04/02/2031	Cash	2,000	0.002%
Swap	10/02/2031	Cash	2,000	0.002%
Swap	10/02/2031	Cash	2,000	0.002%
Swap	24/02/2031	Cash	2,000	0.002%
Swap	03/03/2031	Cash	2,000	0.002%
Swap	12/03/2031	Cash	2,000	0.002%
Swap	12/03/2031	Cash	2,000	0.002%
Swap	12/03/2031	Cash	2,000	0.002%
Swap	24/03/2031	Cash	2,000	0.002%
Swap	24/03/2031	Cash	2,000	0.002%
Swap	25/03/2031	Cash	2,000	0.002%
Swap	25/03/2031	Cash	2,000	0.002%
Swap	31/03/2031	Cash	2,000	0.002%
Swap	31/03/2031	Cash	2,000	0.002%
Swap	15/03/2024	Cash	1,932	0.002%
Swap	11/04/2024	Cash	1,913	0.002%
Swap	04/11/2024	Cash	1,574	0.002%
Swap	09/05/2024	Cash	1,506	0.001%
Swap	02/05/2024	Cash	1,495	0.001%
Swap	09/05/2024	Cash	1,433	0.001%
Swap	29/01/2030	Cash	1,294	0.001%
Swap	20/09/2022	Cash	1,217	0.001%
Swap	29/01/2030	Cash	1,204	0.001%
Swap	23/02/2023	Cash	1,119	0.001%
Swap	27/01/2031	Cash	1,000	0.001%
Swap	27/01/2031	Cash	1,000	0.001%

Swap	28/01/2031	Cash	1,000	0.001%
Swap	28/01/2031	Cash	1,000	0.001%
Swap	03/03/2031	Cash	1,000	0.001%
Swap	29/01/2030	Cash	939	0.001%
Swap	04/08/2031	Cash	897	0.001%
Swap	08/11/2024	Cash	777	0.001%
Swap	15/03/2024	Cash	718	0.001%
Swap	29/01/2030	Cash	643	0.001%
Swap	15/03/2024	Cash	642	0.001%
Swap	15/03/2024	Cash	610	0.001%
Swap	04/08/2031	Cash	461	0.0005%
Swap	11/04/2024	Cash	362	0.0004%
Swap	07/10/2026	Cash	354	0.0004%
Swap	13/10/2031	Cash	345	0.0003%
Swap	29/01/2030	Cash	131	0.0001%
Swap	20/12/2021	Cash	92	0.0001%
Swap	04/08/2031	Cash	72	0.0001%
Swap	09/07/2026	Cash	16	0.00002%
Swap	29/09/2031	Cash	1	0.000001%
		SUBTOTAL B.2
			2,608,386	2.59%

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 undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[ 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 entityxiv:

Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial in struments if it equals or 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 Group, Inc.
Goldman Sachs & Co. LLC
The Goldman Sachs Group, Inc.
GSAM Holdings LLC
Goldman Sachs Asset Management, L.P.
The Goldman Sachs Group, Inc.
Goldman Sachs Bank USA
Goldman Sachs Bank Europe SE
The Goldman Sachs Group, Inc.
IMD Holdings LLC
United Capital Financial Partners, Inc.
United Capital Financial Advisers, LLC

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

10. Additional informationxvi:

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 29/11/2021