12 April 2021

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

     Issue of Shares

Further to the announcement on 18 March 2021, Keywords Studios, the international technical and creative services provider to the global video games industry, today announces the issuance of 368,750 new ordinary shares being the initial share consideration for the Company's 85% investment[1] in Tantalus Media Pty Ltd ("Tantalus").  The 368,750 new ordinary shares will be subject to a one-year lock-in period and orderly market provisions for a further one year period.  Subject to performance targets for Tantalus over two years, further consideration of up to US$16.2m, in a mix of cash and new ordinary shares, will become payable to the vendor of the 85% shareholding. 

Since the acquisition, the shares to be issued have been fully represented in the reported earnings per share numbers through the basic and diluted weighted average denominators used. 

Application has been made to the London Stock Exchange for the admission of 368,750 new ordinary shares to trading on AIM.  Admission of the new shares is expected to take place at 8:00am on 15 April 2021.  The Company's total issued share capital following admission will consist of 74,833,622 ordinary shares of one pence each with one voting right per share.  The figure of 74,833,622 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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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 over 65 facilities in 22 countries strategically located in Asia, the Americas and Europe, it provides integrated art creation, marketing services, software engineering, testing, localization, audio and customer care services across more than 50 languages and 16 games platforms to a blue-chip client base of over 950 clients across the globe.

Keywords Studios has a strong market position, providing services to 23 of the top 25 most prominent games companies, including Activision Blizzard, Bandai Namco, Bethesda, Electronic Arts, Konami, Microsoft, Riot Games, Square Enix, Supercell, TakeTwo, Epic Games and Ubisoft. Recent titles worked on include Call of Duty: Modern Warfare, Anthem, Star Wars Jedi: Fallen Order, Assassin's Creed Odyssey, Valorant, League of Legends, Fortnite, Clash Royale and Doom Eternal. Keywords Studios is listed on AIM, the London Stock Exchange regulated market (KWS.L).