CD Projekt — Major Shareholding Notification 2022

May 5, 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.

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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~~

Name:

The Goldman Sachs Group, Inc. City and country of registered office (if applicable): Corporation Trust Center, 1209 Orange Street, Wilmington DE 9801, USA

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

5. Date on which the threshold was crossed or reached°~: 27/04/2022

1

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

	voting rights f at- o ached shares (to t to tal of 7.A)	voting rights of financial hrough instru- t ments total of 7.B.1 7.6.2 +	Total of both in (7.A 7.B) +	Total number of voting rights of is suer~~~
esulting situation R which the date o n on hreshold t was rossed reached c or	1.62 %	o 5 .86 /0	0 7 .48 /0	100,738,800
osition of previous P otification (if appli- n able c	0.41 %	4.68%	5.09%

SUBTOTAL A

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 Number of voting rights~x % of voting rights ^I SIN code (if possible) Direct (Art 9 of Directive 2004/109/EC Indirect (Art 10 of Directive 2004/109/EC Direct (Art 9 of Directive 2004/109/EC PLOPTTC00011 1,633,055 1.62% US1251051066 202 ^~ 0.0002%

Type of financial in Expiration strument date		Exercise/ X Conversion Period	Number of voting rights that may be acquired if the instrument is exer cised/ converted.	o/, of voting rights
Securities Lending	Open		2,824,522	2.80%
		SUBTOTAL B.1	2,824,522	2.80%

1,633,257 1.62%

B 2004/109/EC			2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive
Type of financial instrument	Expiration dater	Exercise/ Conversion Pe riod Xi	physical or cash settlementx~~	Number of voting rights	~° ~f voting rights
Swa	16/04/2031		Cash	581,353	0.58%
Swa	19/01/2032		Cash	518,849	0.52%
Swa	21 /03/2025		Cash	191,258	0.19%
Swa	24/03/2025		Cash	184,151	0.18%
Swa	10/11/2031		Cash	158,497	0.16%

Indirect (Art 10 of Directive 2004/109/EC

esma

***

*

S wa	16/04/2031	Cash	108,431	0.11
S wa	01/12/2031	Cash	80,384	0.08%
S wa	10/11/2031	Cash	74,887	0.07%
S wa	06/10/2031	Cash	68,348	0.07%
S wa	13/10/2031	Cash	62,911	0.06%
S wa	11/03/2024	Cash	59,649	0.06%
S wa	01/10/2031	Cash	55,920	0.06%
S wa	29/01 /2030	Cash	55,744	0.06%
S wa	11/03/2024	Cash	45,728	0.05%
S wa	11/03/2024	Cash	34,622	0.03%
S wa	10/11/2031	Cash	31,569	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	26,543	0.03%
S wa	18/03/2024	Cash	26,112	0.03%
S wa	21/04/2032	Cash	22,023	0.02%
S wa	26/03/2024	Cash	21,634	0.02%
S wa	04/11/2024	Cash	20,253	0.02%
S wa	07/05/2024	Cash	20,098	0.02%
S wa	18/02/2025	Cash	18,336	0.02%
S wa	15/03/2032	Cash	18,149	0.02%
S wa	11/03/2024	Cash	16,746	0.02%
S wa	07/04/2027	Cash	16,310	0.02%
S wa	10/04/2024	Cash	15,752	0.02%
S wa	19/01/2032	Cash	15,622	0.02%

Swap	18/03/2024	Cash	15,157	0.02%
Swap	13/05/2024	Cash	14,137	0.01%
Swap	01/03/2032	Cash	13,733	0.01%
Swap	18/03/2032	Cash	13,153	0.01%
Swap	11/03/2024	Cash	12,866	0.01%
Swap	26/03/2024	Cash	12,559	0.01%
Swap	12/04/2032	Cash	11,921	0.01%
Swap	01/03/2032	Cash	11,764	0.01%
Swap	18/02/2025	Cash	11,692	0.01%
Swap	11/03/2024	Cash	11,513	0.01%
Swap	07/05/2024	Cash	11,504	0.01%
Swap	14/04/2032	Cash	11,245	0.01%
Swap	11/03/2024	Cash	10,925	0.01%
Swap	05/04/2032	Cash	10,492	0.01%
Swap	11/04/2024	Cash	9,911	0.01%
Swap	14/04/2032	Cash	9,559	0.01%
Swap	11/03/2024	Cash	8,827	0.01%
Swap	05/04/2032	Cash	8,631	0.01%
Swap	11/03/2024	Cash	8,376	0.01%
Swap	13/05/2024	Cash	8,068	0.01%
Swap	23/02/2032	Cash	7,625	0.01%
Swap	10/04/2024	Cash	7,410	0.01%
Swap	05/04/2032	Cash	6,980	0.01%
Swap	09/05/2024	Cash	6,863	0.01%
Swap	20/04/2032	Cash	6,816	0.01%

esma .~

Swa	04/11 /2024	Cash	6,690	0.01
Swa	07/01 /2031	Cash	6,000	0.01
Swa	10/03/2031	Cash	6,000	0.01
Swa	17/12/2031	Cash	6,000	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°/o
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	5,000	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	4,000	0.004%
Swa	03/09/2031	Cash	4,000	0.004%
Swa	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	3,244	0.003%
Swa	09/12/2030	Cash	3,000	0.003%

* esma

* esma **#

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	29/01/2030	Cash	1,671	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	11 /03/2024	Cash	1,321	0.001
S wa	23/02/2023	Cash	1,118	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	12/04/2032	Cash	908	0.001
S wa	20/04/2032	Cash	893	0.001
S wa	23/05/2022	Cash	787	0.001
S wa	22/04/2032	Cash	743	0.001
S wa	05/04/2032	Cash	723	0.001
S wa	15/03/2024	Cash	642	0.001
S wa	15/03/2024	Cash	610	0.001

Swa	05/04/2032	Cash	537	0.001
Swa	12/04/2032	Cash	490	0.0005%
Swa	02/02/2032	Cash	448	0.0004%
Swa	13/10/2031	Cash	345	0.0003%
Swa	02/05/2025	Cash	307	0.0003%
Swa	13/01/2032	Cash	160	0.0002%
Swa	01 /03/2032	Cash	127	0.0001
Swa	03/02/2025	Cash	125	0.0001
Swa	29/09/2031	Cash	116	0.0001
Swa	02/05/2025	Cash	60	0.0001
Swa	25/01/2023	Cash	42	0.00004%
Swa	14/06/2022	Cash	23	0.00002%
		SUBTOTAL B.2	3,076,140	3.05%

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 i nstruments 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 Holdin s II B.V. NN Investment Partners Holdings N.V.

A

'A;

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

10. Additional informationX~~;

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_regoqs-emea-position-enquiries @ gs.com

Done at Warsaw on 04/05/2022

~,,SL~