12 January 2023   

Keywords Studios plc

("Keywords Studios", "the Company")

     Issue of Shares

Keywords Studios, the international technical and creative services provider to the global video games industry, today announces the issuance of 93,856 new ordinary shares to the vendor of Heavy Iron Studios, Inc. ("Heavy Iron") in respect of the share element of the consideration due based on the performance of Heavy Iron over the 12 months post completion.

Since the acquisition, the shares to be issued relating to Heavy Iron 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 these 93,856 new ordinary shares to trading on AIM.  Admission of the new shares is expected to take place at 8:00am on 19 January 2023.  The Company's total issued share capital following admission will consist of 78,090,640 ordinary shares of one pence each with one voting right per share. The figure of 78,090,640 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.

For further information, please contact:

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 70 facilities in 26 countries strategically located in Asia, Australia, the Americas and Europe, it provides integrated art creation, marketing services, game development, testing, localization, audio and player support 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. Across the games and entertainment industry, clients include Activision Blizzard, Bandai Namco, Bethesda, Electronic Arts, Epic Games, Konami, Microsoft, Netflix, Riot Games, Square Enix, Supercell, TakeTwo, Tencent and Ubisoft. Recent titles worked on include Anthem, Star Wars Jedi: Fallen Order, Valorant, League of Legends, Fortnite, Clash Royale and Doom Eternal. Keywords Studios is listed on AIM, the London Stock Exchange regulated market (KWS.L).