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 2019 in conjunction with publication of the Company’s periodic reports:

• 25 February 2019 – 27 March 2019 – closed period related to publication of the Company’s annual report for 2018,

• 16 April 2019 –16 May 2019 – closed period related to publication of the Company’s quarterly report for Q1 2019,

• 30 July 2019 – 29 August 2019 – closed period related to publication of the Company’s semiannual report H1 2019,

• 17 October 2019 – 16 November 2019 – closed period related to publication of the Company’s quarterly report for Q3 2019.