9 March 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 26,600 new ordinary shares to the vendors of Waste Creative Ltd¹ ("Waste") in respect of the share element of contingent consideration due based on the performance of Waste post completion.

Since the acquisition, the shares to be issued relating to Waste 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 26,600 new ordinary shares to trading on AIM.  Admission of the new shares is expected to take place at 8:00am on 15 March 2023.  The Company's total issued share capital following admission will consist of 78,232,559 ordinary shares of one pence each with one voting right per share. The figure of 78,232,559 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 and creative services provider to the global video games and entertainment industries. Established in 1998, and now with over 70 facilities in 26 countries strategically located in Asia, Australia, the Americas, and Europe, it provides services across the entire content development life cycle through its Create, Globalize and Engage service lines to a large blue-chip client base 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 Elden Ring, 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).

.

[1] Keywords Studios acquired Waste Holdings Limited which wholly owns Waste Creative Limited.