PRESS ANNOUNCEMENT GAMES WORKSHOP GROUP PLC 14 January 2020 HALF-YEARLY REPORT Games Workshop Group PLC (‘Games Workshop’ or the ‘Group’) announces its half-yearly results for the six months to 1 December 2019. Highlights: Six months to Six months to 1 December 2019 2 December 2018 Revenue £148.4m £125.2m Revenue at constant currency* £145.6m £125.2m Operating profit pre-royalties receivable £48.5m £35.3m Royalties receivable £10.7m £5.5m Operating profit £59.2m £40.8m Operating profit at constant currency* £57.1m £40.8m Profit before taxation £58.6m £40.8m Cash generated from operations £60.4m £36.0m Basic earnings per share 145.9p 101.3p Dividend per share declared in the period 100p 65p Kevin Rountree, CEO of Games Workshop, said: “Our business and the Warhammer Hobby continue to be in great shape. We are pleased to once again report record sales and profit levels in the period. The global team have worked their socks off to deliver these great results. My thanks go out to them all. Sales for the month of December are in line with our expectations. We are also announcing that the Board has today declared a dividend of 45 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 *Constant currency revenue and operating profit are calculated by comparing results in the underlying currencies for 2018 and 2019, both converted at the average exchange rates for the six months ended 2 December 2018.

FIRST HALF HIGHLIGHTS Six months to Six months to 1 December 2019 2 December 2018 Revenue £148.4m £125.2m Revenue at constant currency* £145.6m £125.2m Operating profit pre-royalties receivable £48.5m £35.3m Royalties receivable £10.7m £5.5m Operating profit £59.2m £40.8m Operating profit at constant currency* £57.1m £40.8m Profit before taxation £58.6m £40.8m Cash generated from operations £60.4m £36.0m Basic earnings per share 145.9p 101.3p Dividend per share declared in the period 100p 65p Revenue by segment Six months to Six months to Six months to Six months to 1 December 2019 2 December 2018 1 December 2019 2 December 2018 Constant currency Constant currency Actual rates Actual rates Trade £76.1m £61.4m £78.1m £61.4m Retail £45.3m £42.6m £45.8m £42.6m Online £24.2m £21.2m £24.5m £21.2m Total revenue £145.6m £125.2m £148.4m £125.2m INTERIM MANAGEMENT REPORT Our business and the Warhammer Hobby continue to be in great shape. We are pleased to once again report record sales and profit levels in the period. The global team have worked their socks off to deliver these great results. My thanks go out to them all. A special thanks goes out to our design to manufacturing team, who have once again delivered on our promise to make the best miniatures in the world. Our new Citadel Colours paint launch in the period was a step change in our paint offer. Product innovation continues to be a key area of focus. Sales for the month of December are in line with our expectations.

ho have once again delivered on our promise to make the best miniatures in the world. Our new Citadel Colours paint launch in the period was a step change in our paint offer. Product innovation continues to be a key area of focus. Sales for the month of December are in line with our expectations. We are also announcing that the Board has today declared a dividend of 45 pence per share, in line with the Company's policy of distributing surplus cash. This will be paid on 2 March 2020 for shareholders on the register at 24 January 2020, with an ex-dividend date of 23 January 2020. The last date for elections for the dividend re-investment plan is 10 February 2020. Core business Sales and profit growth continue across our trade, retail and our online channels. Our constant focus on managing our balance sheet has ensured our net cash generation has remained healthy allowing us to invest appropriately, to date £5.7 million in capital projects in the first half. We have also declared £32.6 million in dividends during the period. We have made some good progress with our key priorities. Each of these is designed to ensure we deliver our exciting operational plan and continue to engage and inspire our loyal customers.

in capital projects in the first half. We have also declared £32.6 million in dividends during the period. We have made some good progress with our key priorities. Each of these is designed to ensure we deliver our exciting operational plan and continue to engage and inspire our loyal customers. Our global team - our performance, as ever, was driven by a considerable team effort across all aspects of our global, vertically integrated business. It is paramount, then, to our ongoing success that we continue to invest in our people. To that end, we have strengthened our central ‘People’ team adding additional resources to recruitment, personal development, wellbeing and pay and other rewards.

Core business continued Communities and customer engagement - we have continued to build new communities, opening 12 stores in the period and c.200 trade accounts. Our digital engagement continues to increase in reach and scope. Users accessing Warhammercommunity.com over the six month period are up 48% compared to the same period last year and sessions per user have also increased, meaning our fans are visiting more often and are more engaged with the content. IT systems - we have made some good progress on implementing our European ERP system and upgrading our warehousing capacity and systems in both Memphis and Nottingham. All projects are broadly on track and in line with spending limits. Sustainability - it’s early days for us on this important topic. We have kicked off several projects in the period to look at ways we can do what is right for our stakeholders and the broader public. This is a priority for us. We are committed to delivering better progress. Non core business Media and entertainment Our development work on a TV series, based on the Eisenhorn series of novels, continues to make good progress. No production contracts have been signed yet nor have we booked any guaranteed royalties. Our small, dedicated team of experts continues to work with our external partners learning how this industry works to ensure, if it does go into production, our first TV show is not only true to our IP but is a commercial success too.