CD Projekt — Share Issue/Capital Change 2020

Nov 16, 2020

Current report no. 56/2020

Subject:

Fourth call for deposition of subscription warrant certificates at theCompany

Legal basis:

Art. 16 in conjunction with Art. 22 of the Act of 30 August 2019amending the Commercial Companies Code and certain other acts

Content:

The Management Board of CD PROJEKT S.A. with a registered office inWarsaw, Jagiellońska 74 (hereinafter referred to as "the Company")hereby announces that in light of the requirements imposed by Art. 16sections 1 and 2, in conjunction with Art. 22 of the Act of 30 August2019 amending the Commercial Companies Code and certain other acts (JL2019, item no. 1798) (hereinafter referred to as "the Act"), effectiveimmediately the Company issues a formal fourth call to holders of namedSeries B subscription warrants issued by the Company in the form ofphysical certificates (incorporating the right to claim Series Mordinary bearer shares of the Company issued in the framework ofimplementing the Incentive Program instituted by Resolution no. 20 ofthe Ordinary General Meeting of the Company of 24 May 2016) whoseincorporated rights have not yet been exercised (hereinafter referred toas "the Warrants") to proceed, without delay, with deposition of saidWarrant certificates at the Company in order to facilitate thedematerialization of Warrants at the National Depository of Securities(Krajowy Depozyt Papierów Wartościowych S.A.) in line with therequirements imposed by the relevant provisions of the Act.

The contents of the abovementioned call are appended to this report.

Disclaimer: This English language translation has been prepared solelyfor the convenience of English speaking readers. Despite all the effortsdevoted to this translation, certain discrepancies, omissions orapproximations may exist. In case of any differences between the Polishand the English versions, the Polish version shall prevail. CD PROJEKT,its representatives and employees decline all responsibility in thisregard.