Games Workshop Regulatory News (GAW)

15 September 2023

Games Workshop Group PLC

(the "Company")

TRADING UPDATE AND DIVIDEND

Ahead of the Company's AGM next week, Games Workshop Group PLC announces today that trading for the three months to 27 August 2023 was ahead of the Board's expectations for the quarter with core revenue of c.£121 million (2022/23: £106 million) and licensing revenue of c.£6 million (2022/23: £3 million). Profit before tax is estimated at c.£57 million (2022/23: £39 million). This has been driven by healthy growth across all channels.

The Board recognises that this performance is better than the prior year but is also aware that it is still early in the financial year. A further update will be given as appropriate.

The Board has also today declared a dividend of 50 pence per share taking dividends declared so far in 2023/24 to £1.95 per share (2022/23: £1.20 per share). This is in line with the Company's policy to distribute truly surplus cash. This will be paid on 3 November 2023 for shareholders on the register on 29 September 2023, with an ex-dividend date of 28 September 2023. The last date for elections for the dividend re-investment plan is 13 October 2023.

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This announcement contains inside information for the purposes of the Market Abuse Regulation.