05 May 2021

Keywords Studios plc

("Keywords Studios" or "Company")

Executive LTIP - PDMR Dealings

Keywords Studios, the international technical services provider to the global video games industry, today announces that, under the terms of the Company's long term incentive plan ("LTIP"), the following awards were granted on 5 May 2021:

Director	Type of option	Number of shares subject to option
Andrew Day, Chief Executive Officer (on temporary leave of absence).	Nil-cost option	50,000
Jon Hauck, Chief Financial Officer and Joint Interim Chief Executive Officer	Nil-cost option	25,000
Sonia Sedler, Chief Operating Officer Joint Interim Chief Executive Officer	Nil-cost option	35,000

Vesting of the above LTIPs are subject to the achievement of performance conditions based on the Company's Total Shareholder Return ("TSR") versus the FTSE 250 Index (excluding investment trusts) (the "Index") over the 3 year performance period. Threshold vesting (25% of the award) will vest for TSR in line with the Index and full vesting will be earned for exceeding the Index TSR by 20% over the performance period.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Andrew Day
2	Reason for the notification
a)	Position/status	Chief Executive Officer (on temporary leave of absence).
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Keywords Studios PLC
b)	LEI	2138007VR9ZYCWS7VE12
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 1p each

	Identification code	ISIN: GB00BBQ38507

b)	Nature of the transaction	Grant of nil-cost option over 50,000 Ordinary Shares under the Company's LTIP
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil Priced	50,000

d)	Aggregated information	N/A

	- Aggregated volume

	- Price

e)	Date of the transaction	5 May 2021
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Jon Hauck
2	Reason for the notification
a)	Position/status	Chief Financial Officer and Joint Interim Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Keywords Studios PLC
b)	LEI	2138007VR9ZYCWS7VE12
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 1p each

	Identification code	ISIN: GB00BBQ38507

b)	Nature of the transaction	Grant of nil-cost option over 25,000 Ordinary Shares under the Company's LTIP
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil Priced	25,000

d)	Aggregated information	N/A

	- Aggregated volume

	- Price

e)	Date of the transaction	5 May 2021
f)	Place of the transaction	Outside a Trading Venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Sonia Sedler
2	Reason for the notification
a)	Position/status	Chief Operating Officer and Joint Interim Chief Executive Officer
b)	Initial notification /Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Keywords Studios PLC
b)	LEI	2138007VR9ZYCWS7VE12
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument	Ordinary shares of 1p each

	Identification code	ISIN: GB00BBQ38507

b)	Nature of the transaction	Grant of nil-cost option over 35,000 Ordinary Shares under the Company's LTIP
c)	Price(s) and volume(s)
			Price(s)	Volume(s)
			Nil Priced	35,000

d)	Aggregated information	N/A

	- Aggregated volume

	- Price

e)	Date of the transaction	5 May 2021
f)	Place of the transaction	Outside a Trading Venue

For further information, please contact:

Keywords Studios (www.keywordsstudios.com) Jon Hauck, Joint Interim Chief Executive Officer Sonia Sedler, Joint Interim Chief Executive Officer Joseph Quinn, Investor Relations	+353 190 22 730

Numis Securities Stuart Skinner/Kevin Cruickshank/William Baunton	+44 20 7260 1000

MHP Communications (Financial PR) Katie Hunt/James Midmer/Charles Hirst	+44 20 3128 8193 keywords@mhpc.com

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: Black Ops Cold War, Anthem, Star Wars Jedi: Fallen Order, Assassin's Creed Valhalla, Valorant, League of Legends, Fortnite, Clash Royale and Doom Eternal. Keywords Studios is listed on AIM, the London Stock Exchange regulated market (KWS.L).