PRESS ANNOUNCEMENT GAMES WORKSHOP GROUP PLC 15 January 2019 HALF-YEARLY REPORT Games Workshop Group PLC (‘Games Workshop’ or the ‘Group’) announces its half-yearly results for the six months to 2 December 2018. Highlights: Restated* Six months to Six months to 2 December 2018 26 November 2017 Revenue £125.2m £109.6m Revenue at constant currency** £124.2m £109.6m Operating profit pre- royalties receivable £35.3m £34.5m Royalties receivable £5.5m £3.6m Operating profit and pre-tax profit £40.8m £38.1m Cash generated from operations £36.0m £41.2m Basic earnings per share 100.8p 96.0p Dividend per share declared in the period 65p 61p Kevin Rountree, CEO of Games Workshop, said: “Our business and the Warhammer Hobby continue to be in great shape. We have remained true to our long-term strategy, and once again delivered on our promise to produce and sell the best fantasy miniatures in the world, while engaging and inspiring our fans. We continue to strive to make the Warhammer hobby ever better. Exciting times. December trading continued in line with the sales performance in the first half. We are also announcing that the Board has today declared a dividend of 25 pence per share, in line with the Company’s policy of distributing truly surplus cash.” …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

he Company’s policy of distributing truly surplus cash.” …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 *With effect from 4 June 2018, the Group has retrospectively adopted IFRS 15 ‘Revenue from contracts with customers’. The change in accounting policy is described in note 2 to this condensed interim financial information. **Constant currency revenue is calculated by comparing results in the underlying currencies for 2017 and 2018, both converted at the average exchange rates for the six months ended 26 November 2017.

FIRST HALF HIGHLIGHTS Restated* Six months to Six months to 2 December 2018 26 November 2017 Revenue £125.2m £109.6m Revenue at constant currency** £124.2m £109.6m Operating profit pre-royalties receivable £35.3m £34.5m Royalties receivable £5.5m £3.6m Operating profit and pre-tax profit £40.8m £38.1m Cash generated from operations £36.0m £41.2m Basic earnings per share 100.8p 96.0p Dividend per share declared in the period 65p 61p Revenue by segment Restated* Restated* Six months to Six months to Six months to Six months to 2 December 2018 26 November 2017 2 December 2018 26 November 2017 Constant currency Constant currency Actual rates Actual rates Trade £60.7m £48.0m £61.4m £48.0m Retail £42.3m £39.6m £42.6m £39.6m Online £21.2m £22.0m £21.2m £22.0m Total revenue £124.2m £109.6m £125.2m £109.6m Operating profit by segment Restated* Restated* Six months to Six months to Six months to Six months to 2 December 2018 26 November 2017 2 December 2018 26 November 2017 Constant currency Constant currency Actual rates Actual rates Trade £22.6m £17.1m £22.5m £17.1m Retail £4.9m £2.9m £4.8m £2.9m Online £13.1m £13.6m £13.1m £13.6m Product and supply £9.0m £13.1m £9.6m £13.1m Royalties £4.9m £3.2m £5.0m £3.2m Other costs £(13.9)m £(11.8)m £(14.2)m £(11.8)m Total operating profit £40.6m £38.1m £40.8m £38.1m INTERIM MANAGEMENT REPORT Our business and the Warhammer Hobby continue to be in great shape. We have remained true to our long-term strategy, and once again delivered on our promise to produce and sell the best fantasy miniatures in the world, while engaging and inspiring our fans. We continue to strive to make the Warhammer hobby ever better. Exciting times.

ntinue to be in great shape. We have remained true to our long-term strategy, and once again delivered on our promise to produce and sell the best fantasy miniatures in the world, while engaging and inspiring our fans. We continue to strive to make the Warhammer hobby ever better. Exciting times. We are pleased to once again, report record sales and profit levels in the period. Sales and profit growth continue across our retail and trade channels, and our online channel continues to be in line with last year. As we move to complete a series of major investment projects, our gross margin and stock levels are not currently where we’d like them to be. We’re looking forward to our new Nottingham factory and ERP projects completing, allowing us to fully optimise our Nottingham site. From there, we’ll begin to upgrade our warehousing capacity in both Memphis and Nottingham. These further investments will help us maintain our current volumes, increase efficiencies, and give us good scope for sales growth in the future. December trading continued in line with the sales performance in the first half. We are also announcing that the Board has today declared a dividend of 25 pence per share, in line with the Company’s policy of distributing truly surplus cash. This will be paid on 1 March 2019 for shareholders on the register at 25 January 2019, with an ex-dividend date of 24 January 2019. The last date for elections for the dividend re-investment plan is 8 February 2019.

Our performance as ever, was driven by a considerable team effort across all aspects of our global, vertically integrated business. Everyone at Games Workshop has worked exceptionally hard to achieve our ambitious growth plans as well as ‘keep the lights on’. In the second half, we will continue to focus on our core values and the activities that drive our business forward. We will continue to do the right things, those that will ensure Games Workshop's long term success. Sales Reported sales grew by 14% to £125.2 million for the period. On a constant currency basis, sales were up by 13% from £109.6 million to £124.2 million; split by channel this comprised: retail £42.3 million (2017: £39.6 million), trade £60.7 million (2017: £48.0 million) and online £21.2 million (2017: £22.0 million). Customer focused Our online marketing remains one of our great strengths. The main Warhammer Community website continues to increase its readership, with visitor numbers up an impressive 30% compared to the same period last year - now almost a million visits to the site each week. Elsewhere on social media, we continue to see strong growth. We’re delighted to have over 250,000 people signed up to our Warhammer.tv site. We will continue to invest in our own platforms as well as work with popular sites.

me period last year - now almost a million visits to the site each week. Elsewhere on social media, we continue to see strong growth. We’re delighted to have over 250,000 people signed up to our Warhammer.tv site. We will continue to invest in our own platforms as well as work with popular sites. Retail This channel showed growth in all territories with exception of Australia and New Zealand. We opened, including relocations, 23 stores. After closing 5 stores, our net total number of stores at the end of the period is 507. The key priority in the period reported has been to continue to offer our store managers the appropriate product and sales support to help them recruit new customers, retain our existing customers and re-recruit lapsed customers. Recruiting new store managers remains a key area of focus. Trade Trade achieved growth of 26% with growth in all key territories. In the period, our net number of trade outlets increased by c. 300 accounts which helped drive forward sales in this channel. A large number of our independent retailers now also sell our products online which in turn has given our customers more places to buy our products online.