gdb 11.2-2022.02 missing python27.dll

I've just updated to arm-none-eabi 11.2-2022.02 and when trying to launch GDB I get an error message that python27.dll can't be found.

Installed from the official installer "gcc-arm-11.2-2022.02-mingw-w64-i686-arm-none-eabi.exe" on a Windows 10 machine.

Do I have to install Python 2.7?! Seems a bit off.. 

Any help / suggestions are appreciated!