CD Projekt — Remuneration Information 2021

Sep 24, 2021

Current Report no. 38/2021

Subject: Status of exercise of entitlements assigned under the CDPROJEKT S.A. Incentive Program active in the years 2016-2019, andexpectations regarding the sale of shares by entitled parties

Legal basis: Art. 17 section 1 of MAR - inside information

In relation to information disclosed in Current Report no. 44/2020 of 23September 2020, given the expiration on 23 September 2021 of theyearlong lock-up period applicable to shares assigned under theIncentive Program in force at CD PROJEKT S.A. (hereinafter referred toas "the Company") in the years 2016-2019 (hereinafter referred to as"the Incentive Program"), and mindful of the need to preservetransparency of actions undertaken by persons enrolled in the IncentiveProgram, including members of the Management Board (hereinafter referredto as "the Entitled Parties") - the Management Board of the Companyhereby publicly discloses information related to the anticipated actionsand number of shares covered by sale orders placed by the EntitledParties.

In collaboration with Trigon Dom Maklerski S.A. (hereinafter referred toas "Trigon") a mechanism has been devised enabling the Entitled Partiesto sell shares taken up in the framework of the Incentive Program in away which mitigates the potential impact of these actions on the Companystock price.

Sale orders will be aggregated by Trigon in proportion to the number ofshares sold by each Entitled Party and processed as either a singletransaction or multiple session or package transactions at the WarsawStock Exchange between 24 September 2021 and 10 November 2021 at thelatest, while observing a daily transaction limit equal to 15% of theaverage daily trading volume of Company stock.

As of 23 September 2021, the total number of shares covered by saleorders as part of the scheme described above is 40 586, i.e.approximately 0.9% of all shares to which a yearlong lock-up periodoriginally applied, as disclosed in Current Report no. 44/2020.

Each Entitled Party will also be able to amend their sale order bychanging the number of shares sold, adjusting the minimum sale price,canceling the order with regard to shares which have not yet been sold,or placing a new sale order.

With regard to shares taken up in the framework of the Incentive Programby members of the Management Board, according to declarations submittedthereby, members of the Management Board do not intend to undertake anyactions leading to sale of shares assigned to them under the IncentiveProgram following the expiration of the corresponding lock-up period.

Disclaimer:

This English language translation has been prepared solely for theconvenience of English speaking readers. Despite all the efforts devotedto this translation, certain discrepancies, omissions or approximationsmay exist. In case of any differences between the Polish and the Englishversions, the Polish version shall prevail. CD PROJEKT, itsrepresentatives and employees decline all responsibility in this regard.