Closed periods

Closed periods at 11 bit studios S.A.

Closed periods related to publication of periodic report at 11 bit studios – applicable to persons who discharge managerial responsibilities within the Issuer.

According to Art. 19 section. 11 of the Market Abuse Regulation of 3 July 2016, “(…) a person discharging managerial responsibilities within an issuer shall not conduct any transactions on its own account or for the account of a third party, directly or indirectly, relating to the shares or debt instruments of the issuer or to derivatives or other financial instruments linked to them during a closed period of 30 calendar days before the announcement od an interim financial report or a year-and report. (…)

Mindful of the above, the following closed periods apply to persons who discharge managerial responsibilities at 11 bit studios S.A. in 2018 in conjunction with publication of the Company’s periodic reports:

• 24 February 2018 – 26 March 2018 – closed period related to publication of the Company’s annual report for 2017,

• 10 April 2018 –10 May 2018 – closed period related to publication of the Company’s quarterly report for Q1 2018,

• 30 July 2018 – 30 August 2018 –closed period related to publication of the Company’s semiannual report H1 2018,

• 15 October 2018 – 14 November 2018– closed period related to publication of the Company’s quarterly report for Q3 2018.