Statement of Not Seeking Re-election for Next Term

Marcin Przasnyski, the Chairman of the Supervisory Board at 11 bit studios SA, formally announced his decision not to seek re-election for a subsequent term following the conclusion of his three-year tenure. This declaration, issued in Warsaw on June 14, 2013, marks the end of his direct oversight during a critical phase of the company’s history, which included its founding, initial development, and transition to a publicly traded entity. The primary reason cited for this departure is a significant time commitment to various other projects at different stages of development, which prevents continued service on the board.

Despite stepping down from his leadership role, the outgoing chairman maintains a positive outlook on the company’s financial and operational trajectory. He characterizes his investment in the studio, which originated prior to its stock market debut, as both strategic and long-term. Consequently, he intends to maintain his current shareholding position without immediate divestment. To reinforce this commitment to market stability and transparency, he voluntarily declared a lock-up period on his shares lasting until the end of 2014, with exceptions only for extraordinary corporate events such as a merger, acquisition, or tender offer.

This communication serves as a formal disclosure to the management board and the broader capital market, ensuring that all stakeholders have equal access to information regarding changes in corporate governance. By proactively addressing his departure and future intentions as a shareholder, the outgoing chairman aims to provide clarity and maintain investor confidence during the transition period. The scope of this action is limited to the internal governance and shareholding structure of the Polish game development sector as represented by 11 bit studios SA during the mid-2013 period.