Subject: Disclosure of inside information concerning initiation of negotiations and conclusion of an agreement with Epic Games International S.à r.l.
Legal basis: Art. 17 of MAR – Inside information
The Management Board of CD PROJEKT S.A. with a registered office in Warsaw, Jagiellońska 74 (hereinafter referred to as “the Company”), hereby publicly discloses inside information which arose on 20 December 2021 and was subjected to delayed disclosure under Art. 17 section 4 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (hereinafter referred to as “MAR”), to wit:
“On 20 December 2021 the Management Board of CD PROJEKT S.A. decided to enter into negotiations with Epic Games.”
In relation to the foregoing, the Management Board hereby announces that on 21 March 2022, following conclusion of the negotiation process, the Company signed a licensing and partnership agreement with Epic Games International S.à r.l. (hereinafter referred to as “Epic”). The agreement concerns the terms under which the Company is permitted to make use of Unreal Engine and provides a framework of collaboration with Epic Games on further development and improvement of this engine in order to adapt it to the requirements of open-world games, such as those produced by the Company (this is hereinafter referred to as “the Agreement”).The agreement is of strategic nature for each party.
According to the Agreement, the Company has the right to develop and distribute games based on Unreal Engine 4, 5 and further versions.
The agreement was concluded for a period of 15 years with a prolongation option. It places no restriction on the number of games developed with the use of Unreal Engine. It also provides for dedicated technical support on the part of Epic for games published by the Company.
Disclaimer: This English language translation has been prepared solely for the convenience of English speaking readers. Despite all the efforts devoted to this translation, certain discrepancies, omissions or approximations may exist. In case of any differences between the Polish and the English versions, the Polish version shall prevail. CD PROJEKT, its representatives and employees decline all responsibility in this regard.