13 April 2017

Keywords Studios plc ("Keywords", "the Group")

Issue of Shares

Keywords Studios, the international technical services provider to the global video games industry, announces that 1,188,253 new ordinary shares have today been issued to the vendors of Synthesis, reflecting the first tranche of a non-contingent deferred share consideration due on the first anniversary of Synthesis being acquired (as detailed in the announcement of 13 April 2016). Since acquisition the shares to be issued relating to Synthesis have been fully represented in the reported earnings per share numbers through the basic and diluted weighted average denominators used. The shares will be subject to orderly marketing restrictions for a period of 12 months following issue.

Application has been made to the London Stock Exchange for the admission of 1,188,253 new ordinary shares to trading on AIM. Admission of the new shares is expected to take place at 8:00am on 19 April 2017. The Company's total issued share capital following admission will consist of 55,617,135 ordinary shares of one pence each with one voting right per share. The above figure of 55,617,135 may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company following admission.

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Certain information contained in this announcement would have constituted inside information (as defined by Article 7 of Regulation (EU) No 596/2014) prior to its release as part of this announcement.

About Keywords Studios (www.keywordsstudios.com)

Keywords Studios is an international technical services provider to the global video games industry. Established in 1998, and now with facilities in Dublin, Rio de Janeiro, Montreal, Quebec City, Portland, Mexico City, Los Angeles, Seattle, Tokyo, Singapore, New Delhi, Pune, Rome, Milan, Barcelona, Madrid, Taipei, Shanghai, Beijing, Manila, Hamburg, Paris and London, it provides integrated art creation, localisation, testing, audio and customer care services across 50 languages and 14 games platforms to a blue chip client base in more than 15 countries.  It has a strong market position, providing services to 21 of the top 25 most prominent games companies, including Activision Blizzard, Bandai Namco, Bethesda, Electronic Arts, Konami, Riot Games, Sony, Square Enix, Supercell, TakeTwo, and Ubisoft. Recent titles worked on include Uncharted 4: A Thief's End, Call of Duty: Infinite Warfare, Mortal Combat X, Assassin's Creed Syndicate, Battlefield 1, World of Warcraft: Legion, Hearthstone, Clash Royale, and Mobile Strike. Keywords is listed on AIM, the London Stock Exchange regulated market (KWS.L).