FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
(OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1.	KEY INFORMATION
(a)	Name of exempt principal trader:			BARCLAYS CAPITAL SECURITIES LTD
(b)	Name of offeror/offeree in relation to whose relevant securities this form relates:			KEYWORDS STUDIOS PLC
(c)	Name of the party to the offer with which exempt principal trader is connected			KEYWORDS STUDIOS PLC
(d)	Date position held/dealing undertaken:			13 Jun 2024
(e)	In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to the offer?			NO
2.	POSITIONS OF THE EXEMPT PRINCIPAL TRADER
(a)	Interests and short positions in the relevant securities of the offeror or offeree
	to which the disclosure relates following the dealing (if any)
Class of relevant security:				1p ordinary
				Interests		Short Positions
				Number	(%)	Number	(%)
(1) Relevant securities owned and/or controlled:				640,110	0.80%	355,345	0.45%
(2) Cash-settled derivatives:				354,263	0.44%	632,298	0.79%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				994,373	1.25%	987,643	1.24%

(b)	Rights to subscribe for new securities (including directors and other executive options)
Class of relevant security in relation to which subscription right exists
Details, including nature of the rights concerned and relevant percentages:
3.	DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER
(a)	Purchase and sales
Class of relevant security	Purchase/sale	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
1p ordinary	Purchase	33199	21.5201 GBP	21.3589 GBP
1p ordinary	Sale	31244	21.5178 GBP	21.2397 GBP

(b)	Cash-settled derivative transactions
Class of relevant security	Product description	Nature of dealing	Number of reference securities	Price per unit
1p ordinary	SWAP	Closing Long	6,129	21.4626 GBP
1p ordinary	SWAP	Closing Short	767	21.4458 GBP
1p ordinary	SWAP	Closing Short	1,734	21.3600 GBP
1p ordinary	SWAP	Closing Short	2,968	21.4432 GBP
1p ordinary	SWAP	Decreasing Long	54	21.4202 GBP
1p ordinary	SWAP	Decreasing Long	412	21.5201 GBP
1p ordinary	SWAP	Decreasing Long	1,287	21.3601 GBP
1p ordinary	CFD	Decreasing Long	2,708	21.4191 GBP
1p ordinary	SWAP	Decreasing Short	2	21.7000 GBP
1p ordinary	SWAP	Decreasing Short	130	21.4400 GBP
1p ordinary	SWAP	Decreasing Short	139	21.4800 GBP
1p ordinary	SWAP	Decreasing Short	244	21.4271 GBP
1p ordinary	SWAP	Decreasing Short	549	21.3600 GBP
1p ordinary	SWAP	Decreasing Short	1,370	21.4522 GBP
1p ordinary	SWAP	Decreasing Short	1,694	21.3628 GBP
1p ordinary	SWAP	Decreasing Short	2,570	21.4849 GBP
1p ordinary	SWAP	Decreasing Short	3,159	21.4059 GBP
1p ordinary	SWAP	Decreasing Short	4,789	21.4472 GBP
1p ordinary	CFD	Increasing Long	5	21.4400 GBP
1p ordinary	SWAP	Increasing Long	25	21.4598 GBP
1p ordinary	SWAP	Increasing Long	220	21.3649 GBP
1p ordinary	SWAP	Increasing Long	297	21.4333 GBP
1p ordinary	SWAP	Increasing Long	686	21.4346 GBP
1p ordinary	SWAP	Increasing Long	1,319	21.4650 GBP
1p ordinary	SWAP	Increasing Long	1,468	21.2397 GBP
1p ordinary	SWAP	Increasing Long	1,593	21.2398 GBP
1p ordinary	SWAP	Increasing Long	2,214	21.3598 GBP
1p ordinary	SWAP	Increasing Long	2,317	21.4651 GBP
1p ordinary	SWAP	Increasing Short	46	21.4800 GBP
1p ordinary	SWAP	Increasing Short	73	21.3814 GBP
1p ordinary	SWAP	Increasing Short	200	21.4200 GBP
1p ordinary	SWAP	Increasing Short	2,613	21.4738 GBP
1p ordinary	SWAP	Increasing Short	3,868	21.3600 GBP
1p ordinary	SWAP	Increasing Short	4,822	21.4841 GBP
1p ordinary	SWAP	Increasing Short	5,000	21.3653 GBP

(c)	Stock-settled derivative transactions (including options)
(i)	Writing, selling, purchasing or varying
Class of relevant security	Product description	Writing, purchasing, selling, varying etc	Number of securities to which option relates	Exercise price per unit	Type	Expiry date	Option money paid/ received per unit


(ii)	Exercising
Class of relevant security	Product description	Exercising/ exercised against	Number of securities	Exercise price per unit


(d)	Other dealings (including subscribing for new securities)
Class of relevant security	Nature of Dealings	Details	Price per unit (if applicable)

4.	OTHER INFORMATION
(a)	Indemnity and other dealings arrangements
Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
NONE
(b)	Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i) the voting rights of any relevant securities under any option; or (ii) the voting rights of future acquisition or disposal of any relevant securities to which any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				NO
Date of disclosure:				14 Jun 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213