CD Projekt — Share Issue/Capital Change 2022

Dec 9, 2022

Currentreport no. 55/2022

Subject:Registration of Series M shares in the depository of securities and anincrease of the share capital of the Company

Legalbasis: Art. 56 section 1 item 2 of the Act on Public Offering - currentand periodic information

Content:

TheManagement Board of CD PROJEKT S.A. with its registered office in Warsaw("the Company"), pursuant to §17 section 1 item 3 and § 5 item 8of the Regulation of the Minister of Finance dated 19 February 2009regarding current and periodic information published by issuers ofsecurities and conditions for recognizing as equivalent informationrequired by the laws of a non-member state (JL 2018, item 757), and inrelation to the Company's current reports no. 43/2022 of 17 October 2022and 53/2022 of 5 December 2022, wishes to announce that on 9 December2022, 32,000 Series M ordinary bearer shares of the Company with a parvalue of 1.00 PLN each were registered in the depository of securitiesoperated by the National Depository for Securities S.A. ("KPDW")under ISIN code PLOPTTC00060 ("the Shares"). The Shares wereissued in conjunction with implementation of the Company's incentiveprogram for the years 2016-2019 ("the Program"), in the frameworkof a conditional increase in the Company's share capital, as authorizedby Resolution no. 21 of the Ordinary General Meeting of the Companydated 24 May 2016.

Asa result of the abovementioned registration of Shares in KPDW, theShares were deposited in the securities account belonging to an entitledparticipant of the Program ("the Participant") who, as indicatedin the aforementioned current report no. 43/2022, on 17 October 2022submitted to the Company a formal declaration concerning take-up ofShares in the exercise of rights incorporated by Series B subscriptionwarrants previously assigned thereto. The Shares were effectivelyallotted to the Participant, within the meaning of Art. 451 § 2, 2ndsentence of the Commercial Companies Code ("CCC"), at the momentof their deposition in the said securities account.

Pursuantto Art. 452 § 1 of CCC, at the moment of deposition of Shares in theParticipant's securities account, the Participant gained the rightsincorporated by the Shares and the Company's share capital waseffectively increased from 100,738,800 PLN, by an amount equivalent tothe par value of the Shares, i.e. by 32,000 PLN, to 100,770,800 PLN.

Inconjunction with the foregoing:

(i)the Company's share capital currently amounts to 100,770,800 PLN andconsists of 100,770,800 shares with a par value of 1.00 PLN each,4,650,800 of which are Series M shares;

(ii)consequently, the total number of votes afforded by all Company sharesoutstanding is 100,770, 800.

TheCompany will formally apply for the Shares to be admitted to trading onthe main market of the Warsaw Stock Exchange, which will occur once theShares are assimilated with the remaining listed shares of the Company,registered under ISIN code PLOPTTC00011.

Disclaimer:

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.