CD Projekt — Share Issue/Capital Change 2021

Mar 10, 2021

Current report no. 11/2021

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. 9/2021 of 8 February 2021 theManagement Board of CD PROJEKT S.A., headquartered in Warsaw,Jagiellońska 74 (hereafter referred to as "the Company") herebyannounces that on 9 March 2020 the Management Board of the CentralSecurities Depository of Poland (Krajowy Depozyt Papierów WartościowychS.A., hereafter referred to as "KPDW") had adopted decision no.0426-2021/21 which approves registration of 84.176 Series M ordinarybearer shares, with nominal value of 1 PLN per share, issued followingshared capital's conditional increase pursuant to Resolution no. 21 ofthe Ordinary General Shareholders Meeting held on 24 May 2016,concerning issue of Series B subscription warrants with exclusion ofpre-emption rights for existing shareholders, entitling holders to claimSeries M shares, and conditional increase in the Company share capitalvia issue of Series M shares with exclusion of pre-emption rights forexisting shareholders in order to facilitate implementation of theIncentive Program, and the corresponding changes in the CompanyArticles, and assigns the code ISIN PLOPTTC00011 to said shares underthe condition that the Warsaw Stock Exchange (Giełda PapierówWartościowych w Warszawie S.A., hereafter referred to as "GPW") admitsSeries M shares to its regulated market. 84.176 Series M shares will beregistered in KPDW within three days of the KPDW having received adocument to the effect that these shares have been admitted to the GPWregulated market, but not earlier than on the admission date specifiedin the aforementioned document.

The Company will fill with no delay a motion to admit Series M shares tothe GPW 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