PRESS ANNOUNCEMENT GAMES WORKSHOP GROUP PLC 14 January 2015 HALF-YEARLY REPORT Games Workshop Group PLC (“Games Workshop” or the “Group”) announces its half-yearly results for the six months to 30 November 2014. Highlights: Six months to Six months to 30 November 1 December 2014 2013 Revenue £56.5m £60.5m Revenue at constant currency* £59.5m £60.5m Operating profit pre-royalties receivable £5.5m £6.6m Royalties receivable £0.7m £1.0m Operating profit £6.2m £7.7m Pre-tax profit £6.3m £7.7m Cash generated from operations £7.8m £8.9m Basic earnings per share 14.5p 17.7p Dividend per share declared in the period 36p - Kevin Rountree, CEO of Games Workshop, said: “Games Workshop’s core business model remains strong. Our current initiatives of ever better weekly new product releases, the low cost one man stores in retail and the stockist programme in trade, are designed to lead to growth. The board remains confident in the future growth and profitability of the Group.” …Ends… For further information, please contact: Games Workshop Group PLC 0115 900 4003 Kevin Rountree, CEO Rachel Tongue, Group finance director Investor relations website investor.games-workshop.com General website www.games-workshop.com *Constant currency revenue is calculated by comparing results in the underlying currencies for 2013 and 2014, both converted at the average exchange rates for the six months ended 1 December 2013.

FIRST HALF HIGHLIGHTS Six months to Six months to 30 November 1 December 2014 2013 Revenue £56.5m £60.5m Revenue at constant currency* £59.5m £60.5m Operating profit pre-royalties receivable £5.5m £6.6m Royalties receivable £0.7m £1.0m Operating profit £6.2m £7.7m Pre-tax profit £6.3m £7.7m Cash generated from operations £7.8m £8.9m Basic earnings per share 14.5p 17.7p Dividends per share declared in the period 36p - Revenue by segment Six months to Six months to Six months to Six months to 30 November 1 December 30 November 1 December 2014 2013 2014 2013 Constant Constant Actual Actual currency currency rates rates Trade £23.3m £23.4m £22.1m £23.4m Retail £23.7m £24.9m £22.5m £24.9m Mail Order £12.5m £12.2m £11.9m £12.2m INTERIM MANAGEMENT REPORT Use of capital Core business return on average capital employed** declined in the period to 38.3% (2013: 45.5%). Average capital employed increased by £2.0 million to £37.5 million. The book value of tangible and intangible assets increased by £1.0 million and payables decreased by £1.8 million whilst trade debt (£1.1 million decrease) and inventories fell. Dividend The strong cash generation of the business has remained a key element of our performance. In line with our policy of distributing truly surplus cash, the Company returned 36p per share to our owners in the period (2013: nil). Sales Sales fell by 6.6% to £56.5 million. The net exchange rate impact of the stronger pound was £2.1 million and, on a constant currency basis, sales were down by 1.7%. We now report our sales by channel; our own stores: ‘Retail’; our trading partners: ‘Trade’; and our online shop: ‘Mail Order’.

Sales Sales fell by 6.6% to £56.5 million. The net exchange rate impact of the stronger pound was £2.1 million and, on a constant currency basis, sales were down by 1.7%. We now report our sales by channel; our own stores: ‘Retail’; our trading partners: ‘Trade’; and our online shop: ‘Mail Order’. Retail This channel showed growth in the UK offset by declines in North America and Continental Europe attributable mainly to the extensive restructuring that took place over the last year. In addition, our Visitor Centre in Nottingham, which is partially closed in preparation for the new Centre which is due to open in May 2015, generated a lower level of sales. The overall impact was a decline of 9.7% (£2.4 million). Trade This channel showed growth in North America, Australia and the UK, offset by larger declines in nonstrategic accounts and magazine sales. The net effect was a decline of 5.1% (£1.2 million). Mail Order Sales in our new online shop were broadly in line with comparable period in the prior year. Profit Operating expenses have reduced by £3.2 million: £2.7 million due to a reduction in retail channel costs and savings of £1.0 million from the continental european reorganisation. Core business operating profit (operating profit before royalty income) decreased by £1.1 million to £5.5 million and core business operating margin is 9.8% (2013: 11.0%). The net impact in the six months to 30 November 2014 of exchange rate fluctuations was a loss of £1.2 million.

reorganisation. Core business operating profit (operating profit before royalty income) decreased by £1.1 million to £5.5 million and core business operating margin is 9.8% (2013: 11.0%). The net impact in the six months to 30 November 2014 of exchange rate fluctuations was a loss of £1.2 million. It is not the Group’s policy to

Structural re-organisation In January 2014 we announced a flattening of our retail structure and continental european reorganisation. Both projects were delivered on time and in line with estimated costs. Prospects Demand for our products remains strong. Our challenge is to stay focused on what needs to be done to grow efficiently and to reduce cost effectively. We know that we have to do the basics right every single day and we never take this for granted. For this reason, the principal risks and uncertainties for the balance of the year lie in the ability of the sales channel managers to deliver sales growth and for the product and supply chain to maintain gross margin. As discussed in the 2014 annual report, for Games Workshop to continue to be successful we need motivated, hard-working managers in all parts of the business who understand Games Workshop’s niche business model, are aligned with its values and are committed to getting things done. The biggest risk for Games Workshop is that we don’t have enough of these managers to continue to grow the business globally. This risk has been mitigated by recruiting people who fit with our culture, helping them to develop and to fulfil their potential and training them with the skills we need. During the six months to 30 November 2014, we closed a net four stores (12 opened and 16 closed). We need to improve the rate of recruitment of competent new store managers on a consistent basis.

ture, helping them to develop and to fulfil their potential and training them with the skills we need. During the six months to 30 November 2014, we closed a net four stores (12 opened and 16 closed). We need to improve the rate of recruitment of competent new store managers on a consistent basis. Games Workshop’s core business model remains strong. Our current initiatives of ever better weekly new product releases, the low cost one man stores in retail and the stockist programme in trade, are designed to lead to growth. The board remains confident in the future growth and profitability of the Group. Going concern After making appropriate enquiries, the directors have a reasonable expectation that the Group has adequate resources to continue in operational existence for the foreseeable future. For this reason they have adopted the going concern basis in preparing this condensed consolidated interim financial information. Statement of directors’ responsibilities The directors confirm that this condensed consolidated interim financial information has been prepared in accordance with IAS 34, ‘Interim Financial Reporting’, as adopted by the European Union, and that the interim management report herein includes a fair review of the information required by DTR 4.2.7 and DTR 4.2.8, namely: an indication of important events that have occurred during the first six months and their impact on the condensed set of financial statements, and a description of(i) the principal risks and u