18 April 2023

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

Block Admission

The Company announces that an application has been made for a block admission to trading on AIM in respect of 500,000 ordinary shares of 1p each ("New Ordinary Shares") in the share capital of the Company (the "Block Admission").  It is expected that the Block Admission will become effective on 24 April 2023.

The New Ordinary Shares will be issued from time to time pursuant to the Company's employee share schemes (the "Incentive Schemes"), as follows:

·    250,000 shares in respect of the Long Term Incentive Plan; and

·    250,000 shares in respect of the Share Option Plan.

When issued, the New Ordinary Shares will be credited as fully paid and will rank pari passu with the existing ordinary shares of the Company.

The Block Admission is considered adequate for anticipated exercises of options under the Incentive Schemes for the foreseeable future.

As at 18 April 2023, the Company's issued share capital consisted of 78,590,665 ordinary shares of 1p each with voting rights. The Company's issued share capital will not change as a result of the Block Admission. The Company does not hold any ordinary shares in Treasury.

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 24 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).