CD Projekt — Share Issue/Capital Change 2020

Nov 17, 2020

Current report no. 57/2020

Subject: Conditional registration of Series M shares in the CentralSecurities Depository of Poland

Legal basis: Art. 17 section 1 of the Market Abuse Regulation (MAR) -confidential information

In relation to Current. Report no. 44/2020 of 23 September 2020 theManagement Board of CD PROJEKT S.A., headquartered in Warsaw,Jagiellońska 74 (hereafter referred to as "the Company") herebyannounces that, according to a notice received on 17 November 2020, on17 November 2020 the Management Board of the Central SecuritiesDepository of Poland (Krajowy Depozyt Papierów Wartościowych S.A.,hereafter referred to as "KPDW") had adopted decision no. 1199/2020which approves registration of 4,534,624 Series M ordinary bearershares, with nominal value of 1 PLN per share, issued following sharedcapital's conditional increase pursuant to Resolution no. 21 of theOrdinary General Shareholders Meeting held on 24 May 2016, concerningissue of Series B subscription warrants with exclusion of pre-emptionrights for existing shareholders, entitling holders to claim Series Mshares, and conditional increase in the Company share capital via issueof Series M shares with exclusion of pre-emption rights for existingshareholders in order to facilitate implementation of the IncentiveProgram, and the corresponding changes in the Company Articles, andassigns the code ISIN PLOPTTC00011 to said shares under the conditionthat the Warsaw Stock Exchange (Giełda Papierów Wartościowych wWarszawie S.A., hereafter referred to as "GPW") admits Series M sharesto its regulated market. 4.534.624 Series M shares will be registered inKPDW within three days of the KPDW having received a document to theeffect that these shares have been admitted to the GPW regulated market,but not earlier than on the admission date specified in theaforementioned document.

The Company has already filed a motion to admit Series M shares to theGPW regulated market.

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