CD Projekt — Major Shareholding Notification 2022

May 11, 2022

European Securities and Markets Authority

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)'

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

CD PROJEKT S.A.

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

[] 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's

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.)~:

5. Date on which the threshold was crossed or reached': 06/05/2022

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

	of voting rights attached to shares (total of 7.A)	of voting rights through financial in- struments (total of 7.B.1 + 7.B.2	% Total of both in + ~'B~ ~~'A	Total number of voting rights of issuer"
Resulting situation on the date on which threshold was crossed or reached	1.57%	4.73%	6.30%	100,738,800
Position of previ ous notification (if a licable	1.35%	5.10%	6.46%

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

A: Voting rights attached to shares

~ ~ ~ esma ^~ ~~

Class/type of shares I SIN code (if pos sible)	Number of voting rights'x		% 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		1,583,788		1.57%
US1251051066		110		0.0001
SUBTOTAL A		1,583,898	1.57%

Type of financial i nstrument	Expira- tion dater	Exercise/ Conversion PeriodX'	Number of voting rights that may be ac- quired if the instru- ment is exercised/ converted.	oho of voting rights
Securities Lending	Open		1,945,322	1.93%
		SUBTOTAL B.1	1,945,322	1.93%

Type of finan- cial instrument	Expiration dater	Exercise/ Conversion Pe- riod xi	Physical or cash settle- mentX"	Number of voting rights	% of voting rights
Swap	16/04/2031		Cash	581,362	0.58%
Swap	19/01/2032		Cash	496,060	0.49%
Swap	10/11/2031		Cash	158,496	0.16%
Swap	21/03/2025		Cash	152,084	0.15%

Swap	16/04/2031	Cash	109,103	0.11
Swap	10/11/2031	Cash	74,886	0.07%
Swap	29/01/2030	Cash	70,414	0.07%
Swap	06/10/2031	Cash	68,343	0.07%
Swap	13/10/2031	Cash	62,906	0.06%
Swap	11/03/2024	Cash	59,644	0.06%
Swap	01/10/2031	Cash	55,916	0.06%
Swap	01/12/2031	Cash	48,735	0.05%
Swap	11/03/2024	Cash	45,725	0.05%
Swap	24/03/2025	Cash	36,735	0.04%
Swap	11/03/2024	Cash	34,620	0.03%
Swap	10/11/2031	Cash	31,568	0.03%
Swap	27/10/2025	Cash	29,070	0.03%
Swap	11/03/2024	Cash	28,848	0.03%
Swap	11/03/2024	Cash	26,541	0.03%
Swap	18/03/2024	Cash	26,110	0.03%
Swap	21/04/2032	Cash	22,021	0.02%
Swap	26/03/2024	Cash	21,632	0.02%
Swap	04/11/2024	Cash	20,251	0.02%
Swap	07/05/2024	Cash	20,096	0.02%
Swap	18/02/2025	Cash	18,334	0.02%
Swap	11 /03/2024	Cash	16,744	0.02%
Swap	07/04/2027	Cash	16,308	0.02%
Swap	10/04/2024	Cash	15,751	0.02%
Swap	19/01/2032	Cash	15,621	0.02%
Swap	18/03/2024	Cash	15,156	0.02%

Swap	13/05/2024	Cash	14,136	0.01%
Swap	01/03/2032	Cash	13,734	0.01%
Swap	18/03/2032	Cash	13,152	0.01%
Swap	11/03/2024	Cash	12,865	0.01%
Swap	26/03/2024	Cash	12,558	0.01%
Swap	01/03/2032	Cash	11,764	0.01%
Swap	18/02/2025	Cash	11,691	0.01%
Swap	11/03/2024	Cash	11,512	0.01%
Swap	07/05/2024	Cash	11,503	0.01%
Swap	14/04/2032	Cash	11,244	0.01%
Swap	11/03/2024	Cash	10,924	0.01%
Swap	11/04/2024	Cash	9,910	0.01%
Swap	14/04/2032	Cash	9,558	0.01%
Swap	29/01/2030	Cash	9,085	0.01%
Swap	11/03/2024	Cash	8,826	0.01%
Swap	11/03/2024	Cash	8,375	0.01%
Swap	13/05/2024	Cash	8,067	0.01%
Swap	05/04/2032	Cash	7,693	0.01%
Swap	10/04/2024	Cash	7,409	0.01%
Swap	09/05/2024	Cash	6,862	0.01%
Swap	20/04/2032	Cash	6,815	0.01%
Swap	04/11/2024	Cash	6,689	0.01%
Swap	07/01/2031	Cash	6,000	0.01%
Swap	10/03/2031	Cash	6,000	0.01%
Swap	17/12/2031	Cash	6,000	0.01%
Swap	12/04/2032	Cash	5,931	0.01%

*

Swap	11 /04/2024	Cash	5,752	0.01
Swap	11 /03/2024	Cash	5,568	0.01
Swap	01 /03/2032	Cash	5,506	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	10/04/2024	Cash	4,664	0.005%
Swap	03/03/2032	Cash	4,489	0.004%
Swap	18/02/2025	Cash	4,488	0.004%
Swap	26/01 /2032	Cash	4,394	0.004%
Swap	07/05/2024	Cash	4,204	0.004%
Swap	26/03/2024	Cash	4,176	0.004%
Swap	09/12/2030	Cash	4,000	0.004%
Swap	03/09/2031	Cash	4,000	0.004%
Swap	27/05/2024	Cash	3,825	0.004%
Swap	09/05/2024	Cash	3,775	0.004%
Swap	29/01/2030	Cash	3,589	0.004%
Swap	15/03/2024	Cash	3,328	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	01/04/2032	Cash	2,941	0.003%
Swap	29/01/2030	Cash	2,905	0.003%
Swap	29/01/2030	Cash	2,869	0.003%

Swap	02/05/2025	Cash	2,672	0.003%
Swap	18/12/2023	Cash	2,500	0.002%
Swap	23/12/2024	Cash	2,342	0.002%
Swap	03/02/2025	Cash	2,239	0.002%
Swap	18/02/2025	Cash	2,209	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	17/03/2032	Cash	1,935	0.002%
Swap	15/03/2024	Cash	1,932	0.002%

esma

Swap 11/04/2024 Cash 1,913 0.002% Swap 13/01 /2032 Cash 1,844 0.002% Swap 29/01 /2030 Cash 1,671 0.002°/o Swap 04/05/2032 Cash 1,566 0.002% Swap 02/05/2024 Cash 1,495 0.001 Swap 09/05/2024 Cash 1,433 0.001 Swap 27/05/2024 Cash 1,428 0.001 Swap 11 /03/2024 Cash 1,321 0.001 Swap 23/02/2023 Cash 1,119 0.001 Swap 29/01/2030 Cash 1,077 0.001 Swap 26/03/2024 Cash 1,047 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 23/05/2022 Cash 929 0.001 Swap 15/03/2024 Cash 642 0.001 Swap 15/03/2024 Cash 610 0.001 Swap 02/02/2032 Cash 448 0.0004% Swap 12/04/2032 Cash 442 0.0004% Swap 13/10/2031 Cash 345 0.0003% Swap 02/05/2025 Cash 307 0.0003% Swap 29/01 /2030 Cash 298 0.0003% Swap 12/04/2032 Cash 221 0.0002% 29/04/2032

Cash 212

.. ~t

esma

Swap

t, .,

0.0002%

		SUBTOTAL B.2	2,815,814	2.80%
Swap	05/04/2032	Cash	6	0.00001
Swap	14/06/2022	Cash	23	0.00002%
Swap	05/04/2032	Cash	24	0.00002%
Swap	25/01/2023	Cash	42	0.00004%
Swap	02/05/2025	Cash	60	0.0001
Swap	20/04/2032	Cash	87	0.0001
Swap	29/09/2031	Cash	116	0.0001
Swap	03/02/2025	Cash	125	0.0001
Swap	01/03/2032	Cash	127	0.0001%

~ ~ ~ esma * ~

1. 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"'

[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"':

Name'"	of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments 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 International

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.
I MD Holdings LLC
United Capital Financial Partners, I nc.
United Capital Financial Advisers, LLC
The Goldman Sachs Grou , Inc.
GSAM Holdings LLC
NNIP Holdin s LLC
NNIP UK Holdings I Ltd
NNIP UK Holdin s II Ltd
NNIP Holdings IB.V. / NNIP Hold in s II B.V.
NN Investment Partners Holdings N.V.

~~~

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

10. Additional information'"':

~ ~

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@_ qs com

Done at Warsaw on 10/05/2022