CD Projekt — Major Shareholding Notification 2022

May 5, 2022

xk * ~ ~r , . esma 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~v

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~~: 02/05/2022

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- merits total of 7.B.1 + 7.B.2	Total of both in (7.A + 7.B)	Total number of voting rights of is suer~~~
Resulting situation on the date on which threshold was crossed or reached	% 1.26	4.97 °/0	6.23 °/0	100,738,800
Position of previous notification (if appli- cable	% 1.62	5.86%	7.48%

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

A: Voting rights attached to shares

Class/type of shares ISIN code (if possi ble)	Number of voting rights'%		% 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		1,268,548		1.26%
US1251051066		128		0.0001
SUBTOTALA		1,268,676	1.26%

B Type of financial in strument	Expiration datex	1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC Exercise/ Conversion PeriodX~	Number of voting rights that may be acquired if the instrument is exer cised/ converted.	% of voting rights
Securities Lending	Open		1,961,493	1.95%
		SUBTOTAL B.1	1,961,493	1.95%

Type of financial instrument	Expiration dater	Exercise/ Conversion Pe- riod Xi	physical or cash settlementX~~	Number of voting rights	~~ of voting rights
Swa	16/04/2031		Cash	581,415	0.58%
Swa	19/01/2032		Cash	518,920	0.52%
Swa	21/03/2025		Cash	183,975	0.18%
Swa	10/11/2031		Cash	158,509	0.16%
Swa	24/03/2025		Cash	150,156	0.15%

esma ~

***

*

,

S wa	16/04/2031	Cash	108,428	0.11
S wa	10/11/2031	Cash	74,892	0.07%
S wa	01/12/2031	Cash	74,660	0.07%
S wa	29/01 /2030	Cash	70,418	0.07%
S wa	06/10/2031	Cash	68,346	0.07%
S wa	13/10/2031	Cash	62,909	0.06%
S wa	11/03/2024	Cash	59,648	0.06%
S wa	01/10/2031	Cash	55,918	0.06%
S wa	11 /03/2024	Cash	45,727	0.05%
S wa	11/03/2024	Cash	34,622	0.03%
S wa	10/11/2031	Cash	31,571	0.03%
S wa	27/10/2025	Cash	29,072	0.03%
S wa	11/03/2024	Cash	28,850	0.03%
S wa	11/03/2024	Cash	26,542	0.03%
S wa	18/03/2024	Cash	26,111	0.03%
S wa	21/04/2032	Cash	22,022	0.02%
S wa	26/03/2024	Cash	21,633	0.02%
S wa	04/11 /2024	Cash	20,252	0.02%
S wa	07/05/2024	Cash	20,097	0.02%
S wa	18/02/2025	Cash	18,335	0.02%
S wa	15/03/2032	Cash	18,152	0.02%
S wa	11/03/2024	Cash	16,745	0.02%
S wa	07/04/2027	Cash	16,309	0.02%
S wa	10/04/2024	Cash	15,751	0.02%
S wa	19/01/2032	Cash	15,621	0.02%

Cash

6,001

07/01/2031

Swap

esma

0.01%

~~~11

Swa	10/03/2031	Cash	6,001	0.01
Swa	17/12/2031	Cash	6,001	0.01
Swa	11/04/2024	Cash	5,753	0.01
Swa	11/03/2024	Cash	5,569	0.01
Swa	01/03/2032	Cash	5,506	0.01%
Swa	29/01/2030	Cash	5,345	0.01%
Swa	11/03/2024	Cash	5,285	0.01
Swa	01/10/2031	Cash	5,093	0.01
Swa	18/03/2024	Cash	5,040	0.01
Swa	10/03/2031	Cash	5,001	0.005%
Swa	18/03/2024	Cash	4,782	0.005%
Swa	10/04/2024	Cash	4,664	0.005%
Swa	03/03/2032	Cash	4,489	0.004%
Swa	18/02/2025	Cash	4,488	0.004%
Swa	26/01/2032	Cash	4,394	0.004%
Swa	07/05/2024	Cash	4,204	0.004%
Swa	26/03/2024	Cash	4,176	0.004%
Swa	09/12/2030	Cash	4,001	0.004%
Swa	03/09/2031	Cash	4,001	0.004%
Swami	27/05/2024	Cash	3,825	0.004%
Swa	09/05/2024	Cash	3,775	0.004%
Swa	15/03/2024	Cash	3,328	0.003%
Swa	23/02/2032	Cash	3,179	0.003%
Swa	09/12/2030	Cash	3,000	0.003%
Swa	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	29/04/2032	Cash	2,830	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	29/01/2030	Cash	2,111	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%

* ~ esma **~

**~

S wa	25/03/2031	Cash	2,000	0.002%
S wa	31/03/2031	Cash	2,000	0.002%
S wa	31/03/2031	Cash	2,000	0.002%
S wa	17/03/2032	Cash	1,935	0.002%
S wa	15/03/2024	Cash	1,932	0.002%
S wa	11/04/2024	Cash	1,913	0.002%
S wa	13/01/2032	Cash	1,752	0.002%
S wa	29/01/2030	Cash	1,707	0.002%
S wa	29/01/2030	Cash	1,687	0.002%
S wa	29/01/2030	Cash	1,671	0.002%
S wa	06/05/2032	Cash	1,566	0.002%
S wa	02/05/2024	Cash	1,495	0.001
S wa	09/05/2024	Cash	1,433	0.001
S wa	27/05/2024	Cash	1,428	0.001
S wa	/03/2024 11	Cash	1,321	0.001
S wa	23/02/2023	Cash	1,120	0.001
S wa	29/01 /2030	Cash	1,077	0.001
S wa	26/03/2024	Cash	1,047	0.001
S wa	27/01 /2031	Cash	1,000	0.001
S wa	27/01 /2031	Cash	1,000	0.001
S wa	28/01 /2031	Cash	1,000	0.001
S wa	28/01 /2031	Cash	1,000	0.001
S wa	03/03/2031	Cash	1,000	0.001
S wa	23/05/2022	Cash	927	0.001
S wa	12/04/2032	Cash	908	0.001

eFl s~ esma ~ .

r:

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~°:

N ame	of voting ights if it equals r is higher than or notifiable he t hreshold t	of voting rights % through financial instruments if it is equals higher or than the notifiable hreshold t	Total of both if it equals is higher or than the notifiable threshold
he Goldman Sachs T Group, Inc.
oldman Sachs (UK) G L.L.C.
oldman Sachs Limited G Group UK
oldman International G Sachs
he Goldman Sachs T Group, Inc.
oldman Sachs G Co. & LLC
he Goldman T Sachs Group, Inc.
Holdings G SAM LLC
oldman G Sachs Asset Management, L .P.
he Goldman Sachs T Group, Inc.
oldman Sachs Bank G USA
oldman Bank G Sachs Europe SE
he Goldman Sachs T Group, Inc.
Holdings I MD LLC
nited Capital Financial U Partners, I nc. nited Capital Financial Advisers, U
L LC
he Goldman Sachs T 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.

9. 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 @ gs.com

Done at Warsaw on 04/05/2022

ti~~~