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:			30 Aug 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:				2,384,724	2.96%	91,146	0.11%
(2) Cash-settled derivatives:				55,613	0.07%	2,280,021	2.83%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				0	0.00%	0	0.00%
TOTAL:				2,440,337	3.03%	2,371,167	2.95%

(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	228549	24.2600 GBP	24.0648 GBP
1p ordinary	Sale	226714	24.2709 GBP	24.1315 GBP

(b)	Cash-settled derivative transactions
Class of relevant security	Product description	Nature of dealing	Number of reference securities	Price per unit
1p ordinary	CFD	Decreasing Short	68,144	24.2593 GBP
1p ordinary	CFD	Decreasing Short	63,435	24.2709 GBP
1p ordinary	CFD	Increasing Short	25,076	24.0648 GBP
1p ordinary	CFD	Increasing Short	186	24.1656 GBP
1p ordinary	CFD	Increasing Short	552	24.2218 GBP
1p ordinary	CFD	Increasing Short	1,500	24.2219 GBP
1p ordinary	CFD	Increasing Short	1,908	24.2301 GBP
1p ordinary	SWAP	Increasing Short	938	24.1379 GBP
1p ordinary	SWAP	Decreasing Short	46,529	24.2600 GBP
1p ordinary	SWAP	Increasing Short	45,192	24.2498 GBP
1p ordinary	SWAP	Decreasing Long	39	24.2593 GBP
1p ordinary	SWAP	Decreasing Short	7,624	24.1315 GBP
1p ordinary	SWAP	Decreasing Short	280	24.1850 GBP
1p ordinary	SWAP	Decreasing Short	4,645	24.2600 GBP
1p ordinary	SWAP	Increasing Short	1,094	24.1641 GBP
1p ordinary	SWAP	Increasing Short	11,522	24.1661 GBP
1p ordinary	SWAP	Increasing Short	4,923	24.2500 GBP
1p ordinary	SWAP	Increasing Short	26,733	24.2600 GBP
1p ordinary	SWAP	Decreasing Long	11,309	24.2327 GBP
1p ordinary	SWAP	Decreasing Long	526	24.1378 GBP
1p ordinary	SWAP	Decreasing Long	197	24.1673 GBP
1p ordinary	SWAP	Increasing Short	24,700	24.2024 GBP
1p ordinary	SWAP	Increasing Short	3,700	24.2349 GBP
1p ordinary	SWAP	Increasing Short	15,137	24.2299 GBP
1p ordinary	SWAP	Increasing Short	17,260	24.2600 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:				02 Sep 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213