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The latest news about Stillfront Group and our Studios

Stillfront Group AB: Stillfront Group acquires Imperia Online JSC

2018-09-21

PRESS RELEASE 21 September, 2018 Stillfront Group acquires Imperia Online JSC Stillfront Group AB (publ) ("Stillfront") today announces its acquisition of 100% of the shares in Imperia Online JSC ("Imperia Online" or the "Company"), a leading game developer and publisher in Southeastern Europe with focus on long term gamer relations. Imperia Online is one of the leading game developer and publishers in Southeastern Europe with 25 released games and over 45 million users worldwide. The Company's flagship title is Imperia Online, a medieval Massively multiplayer online (MMO) strategy game published on both browser and mobile platforms. Imperia Online is based in Sofia, Bulgaria and has approximately 50 employees. The Company generated net revenue of approximately EUR 4.1 million, with approx. 48% in operating margin for the period January-August 2018. Imperia Online was founded in 2009 by Dobroslav Dimitrov and Moni Dochev. All together there are nine sellers all of whom will remain active as the key management team of the Company going forward. "Imperia Online fits perfectly into Stillfront's growth strategy by broadening our portfolio of studios and games with characteristics that drive long term gamer relations. Imperia Online is a leading developer and publisher with a solid and highly loyal user base. It is with pleasure I today welcome Dobroslav, Moni, Cvetan and the whole team at Imperia Online to the Stillfront family", says Jörgen Larsson, CEO, Stillfront. "Becoming part of Stillfront Group enables us to continue our development of new products within online strategy games. We see this acquisition as a strategic next step for Imperia Online, and we look forward to share market knowledge and create synergies with the other studios of the Stillfront Group", says Dobroslav Dimitrov, CEO of Imperia Online. The transaction The transaction involves the acquisition of 100% of the shares in Imperia Online. Completion of the acquisition is expected to occur around 11 October 2018.The Company will be consolidated into Stillfront's consolidated financial reporting from 1 October 2018. Upon completion of the acquisition, EUR 10,000,000 will be paid to the sellers, of which EUR 5,000,000 is payable in cash and the remaining EUR 5,000,000 is payable in 269,412 newly issued shares in Stillfront, where the subscription price corresponds to the average price per share in Stillfront traded on the Nasdaq First North exchange during the 30 days preceding the date hereof. This corresponds to a dilution of 1.14% on a fully diluted basis (i.e. based on the total number of shares and votes outstanding after the share issue). The part of the purchase price payable upon completion corresponds to an enterprise value of 2.9 times the projected EBIT for 2018 of the Company. Further, an earn-out consideration is payable by Stillfront in an aggregate maximum total amount of EUR 17,500,000 out of which 50% shall be paid in cash and 50% in newly issued shares in Stillfront. The earn-out consideration is payable annually following the approval of each of the audited annual reports for the financial years ending 31 December 2018, 2019, 2020 and 2021. The ultimate size of the yearly earn-out component will depend on the EBIT development of the Company. In addition, the respective earn-out consideration amounts based on the years 2019 and 2020 shall each be capped at EUR 7,000,000, where the excess (if any) shall be accumulated for the next year. The total purchase price payable by Stillfront for Imperia Online cannot exceed EUR 27,500,000. Stillfront considers that the total potential consideration, if payable, will result in a very attractive earnings multiple for the Company, well below Stillfront's current valuation. The cash portion of the purchase price payable upon completion is intended to be financed by cash at hand and the cash portion of the earn-out consideration is intended to be financed through internal cash generation. The subscription price for the newly issued shares related to the earn-out consideration shall correspond to the average price per share in Stillfront traded on the Nasdaq First North exchange during the 30 days preceding the end of the relevant fiscal year. The 269,412 newly issued shares in Stillfront that are to be issued to the sellers upon completion are subject to customary transfer restrictions during a period of twelve months from the date of receipt of the same. The additional shares received by the sellers as part of the earn-out consideration are subject to customary transfer restrictions during a period of twelve months from the date of receipt of the same. The acquisition is conditional upon certain trademarks having been duly registered with the Company between the date hereof and the date of completion of the acquisition. FOR ADDITIONAL INFORMATION, PLEASE CONTACT: Jörgen Larsson, CEO, Stillfront GroupPhone: +46 70 321 18 00E-mail: jorgen@stillfront.com Sten Wranne, CFO, Stillfront GroupPhone: +46 70 585 12 58E-post: sten@stillfront.com ABOUT STILLFRONT Stillfront is a group of independent creators, publishers and distributors of digital games - with a vision to become the leading group of indie game creators and publishers. Stillfront operates through nine near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta, Simutronics in the United States, Babil Games in UAE and Jordan, eRepublik in Ireland and Romania, OFM Studios in Germany and Goodgame Studios in Germany. Stillfront's games are distributed globally. The main markets are Germany, the United States, France, UK and MENA. SELECTED GAMES Stillfront's portfolio includes games across multiple platforms. Unravel and Unravel Two are widely acclaimed console games developed by Coldwood in collaboration with Electronic Arts. Supremacy 1914 and Call of War are high-immersion war strategy games developed by Bytro Labs. ManagerZone is a sports management strategy game launched in 2001. DragonRealms and GemStone IV are MUD-style games with a very loyal player base. Siege: Titan Wars(TM) is a popular mobile game developed by Simutronics. Nida Harb III and Admiral are mobile strategy games with very strong player bases, which are published by Babil Games. World at War: WW2 and War and Peace: Civil War are a successful mobile strategy games developed and published by eRepublik Labs. Online Fussball Manager is a leading sports management game. EMPIRE and BIG FARM are major brands operated by Goodgame Studios. Nasdaq First North Ticker Symbol: SFCertified Adviser: Avanza Bank, phone +46 8 4094 2120 This information is information that Stillfront Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08:30 a.m. CEST on 21 September 2018. Imperia Online Graphics

Stillfront Group AB: Simutronics announces "SIEGE: World War II"

2018-09-19

PRESS RELEASE September 19, 2018 Simutronics begins soft launch of "SIEGE: World War II", a new real-time Army vs. Army battler Simutronics, a subsidiary of Stillfront Group AB ("Stillfront") has begun the soft launch of SIEGE: World War II on Android and iOS. Created by the team behind SIEGE: Titan Wars, Lara Croft: Relic Run and other classics, SIEGE: World War II brings fierce, fast and relentless action to the competitive mobile games scene, letting players deploy classic World War II battlefield forces, weapons and tactics against each other in real-time. SIEGE: World War II is challenging to all gamers, requiring strategic thinking and planning. SIEGE: World War II builds on Simutronics experience in card-based battle games, fitting perfectly into Stillfront's strategy of a portfolio of games encouraging long gamer relations. Marketing of SIEGE: World War II will be made in collaboration with Goodgame Studios. The SIEGE: World War II IP is fully owned by Simutronics. "We crafted SIEGE: World War II based on all the knowledge and experience gained from past titles, building on strong points and addressing weaknesses. We look forward to working together with our friends at Goodgame Studios to make SIEGE: World War II our biggest success to date," David Whatley, CEO of Simutronics comments. "Leveraging engines and in-house publishing are two core strategies within Stillfront Group, and this release is a great example of both. With publishing moving in-house, we have full control of both development and marketing going forward," says Jörgen Larsson, CEO of Stillfront Group. Key features of SIEGE: World War II include: · Fierce head-to-head Battles: Engage in massive tug-of-war style army vs. army battles where strategic unit placement can mean the difference between a thrilling victory or a crushing defeat. · Global Competitive Rank: Pit your tactics against others from around the world and earn Victory Points to climb the ranks. · Join a Clan, Become Legend: Join or create a clan to share cards and cultivate your own community. · Become a Seasoned Commander: Watch replays to hone your skills and analyze your opponent's tactics. · Enjoy explosive 3D graphics at up to 60fps frame-rate supported by explosive sound design. · Test yourself with new, unique Challenges released twice a week. · Climb into the Prestige Tiers to gain exclusive access to unreleased Cards. For more information, visit: http://siegeworldwarii.com Watch the SIEGE: World War II trailer: https://www.youtube.com/watch?v=v2v3F8vW55Y FOR FURTHER INFORMATION, PLEASE CONTACT: Jörgen Larsson, CEO Phone: +46 703 211 800 jorgen@stillfront.com ABOUT STILLFRONT Stillfront is a group of independent creators, publishers and distributors of digital games - with a vision to become the leading group of indie game creators and publishers. Stillfront operates through nine near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta, Simutronics in the United States, Babil Games in UAE and Jordan, eRepublik in Ireland and Romania, OFM Studios in Germany and Goodgame Studios in Germany. Stillfront's games are distributed globally. The main markets are Germany, the United States, France, UK and MENA. For further information, please visit www.stillfront.com. SELECTED GAMES Stillfront's portfolio includes games across multiple platforms. Unravel and Unravel Two are widely acclaimed console games developed by Coldwood in collaboration with Electronic Arts. Supremacy 1914 and Call of War are high-immersion war strategy games developed by Bytro Labs. ManagerZone is a sports management strategy game launched in 2001. DragonRealms and GemStone IV are MUD-style games with a very loyal player base. Siege: Titan Wars(TM) is a popular mobile game developed by Simutronics. Nida Harb III and Admiral are mobile strategy games with very strong player bases, which are published by Babil Games. World at War: WW2 and War and Peace: Civil War are a successful mobile strategy games developed and published by eRepublik Labs. Online Fussball Manager is a leading sports management game. EMPIRE and BIG FARM are major brands operated by Goodgame Studios. Nasdaq First North Ticker Symbol: SF Certified Adviser: Avanza Bank, phone +46 8 409 421 20

Stillfront: eRepublik Labs launches "Vietnam War: Platoons" globally

2018-09-06

PRESS RELEASE September 6, 2018 eRepublik Labs launches new historical strategy MMO "Vietnam War: Platoons" globally eRepublik Labs, a subsidiary of Stillfront Group AB ("Stillfront") launches its fourth mobile historical Strategy MMO, "Vietnam War: Platoons" globally today on iOS and Android. Building on its historical strategy MMO game engine, the success of its 3 previously released games in the genre: "Age of Lords", "World at War WW2" and "War and Peace: American Civil War" and a successful soft launch, eRepublik Labs will launch "Vietnam War: Platoons", worldwide today on the Apple App Store and on the Google Play store. The game is a Vietnam War themed mobile strategy MMO. eRepublik Labs uses a theme testing methodology that it applies in pre-production before starting developing any new strategy MMO to identify the highest potential historical themes with its core audience of historical strategy fans. The Vietnam war theme scored strongly in these tests, including higher relevance scores and better CPI's than its latest hit "War and Peace", an American Civil War themed strategy MMO. During the soft launch period, good game performance and appeal, similar to "War and Peace", was confirmed. The team also added an AR feature to the game that allows players to integrate their environment into the game world map. "I am proud of the eRepublik Labs team, this is now the 4th game we launch in the past 3 years in the historical mobile strategy MMO genre and each game has been more popular than the previous one. We hope we will delight our players again with "Vietnam War: Platoons" says Alexis Bonte, co-founder and CEO of eRepublik Labs." "eRepublik Labs has become a reference in the strategy game genre. The team keeps raising the bar with each one of their new releases not only by fine tuning their strategy MMO engine but also by bringing major improvements that are also applied in the live games that continue to engage a loyal player base" says Jörgen Larsson, CEO of Stillfront. eRepublik Labs is recognized by Google Play as one of its top developers in the world (all its games carry the "top developer" badge) and its games have often been selected for featuring by the Apple editorial team. eRepublik Labs has a strong track record for historically themed strategy MMO's on mobile. "War and Peace: American Civil War", eRepublik Labs most successful mobile game to date launched in October 2017 and is one of the top grossing strategy games in multiple markets on the Google Play Store and so is "Word at War WW2" that launched in October 2016. "Age of Lords" launched in March 2015 and is still one of the most appreciated Strategy MMO's with a loyal user base. All three games are profitable. THE EREPUBLIK LABS STORY eRepublik Labs is an independent team of veteran game crafters that are passionate about history and strategy. All have worked on games that have reached millions of players. eRepublik Labs is now part of an alliance of nine near-autonomous studios in Stillfront Group AB (quoted on Nasdaq First North, ticker SF). "Vietnam War: Platoons" is eRepublik Labs fourth historically based strategy game. Previous games by eRepublik Labs include "Age of Lords", "World at War: WW2" and "War and Peace: American Civil War", all highly rated games with a very engaged community of strategy and history fans. eRepublik Labs is also the studio behind the critically acclaimed "Twin Shooter - Invaders", winner of Pocket Gamer Silver award and the maker of free to play browser pioneer eRepublik.com. More information on eRepublik Labs can be found at www.erepubliklabs.com FOR FURTHER INFORMATION, PLEASE CONTACT: Jörgen Larsson, CEO Phone: +46 703 211 800 jorgen@stillfront.com ABOUT STILLFRONT Stillfront is a group of independent creators, publishers and distributors of digital games - with a vision to become the leading group of indie game creators and publishers. Stillfront operates through nine near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta, Simutronics in the United States, Babil Games in UAE and Jordan, eRepublik in Ireland and Romania, OFM Studios in Germany and Goodgame Studios in Germany. Stillfront's games are distributed globally. The main markets are Germany, the United States, France, UK and MENA. For further information, please visit www.stillfront.com. SELECTED GAMES Stillfront's portfolio includes games across multiple platforms. Unravel and Unravel Two are widely acclaimed console games developed by Coldwood in collaboration with Electronic Arts. Supremacy 1914 and Call of War are high-immersion war strategy games developed by Bytro Labs. ManagerZone is a sports management strategy game launched in 2001. DragonRealms and GemStone IV are MUD-style games with a very loyal player base. Siege: Titan Wars(TM) is a popular mobile game developed by Simutronics. Nida Harb III and Admiral are mobile strategy games with very strong player bases, which are published by Babil Games. World at War: WW2 and War and Peace: Civil War are a successful mobile strategy games developed and published by eRepublik Labs. Online Fussball Manager is a leading sports management game. EMPIRE and BIG FARM are major brands operated by Goodgame Studios. Nasdaq First North Ticker Symbol: SF Certified Adviser: Avanza Bank, phone +46 8 409 421 20

Stillfront Group AB: Stillfront Group announces Head of IR & Communications

2018-08-20

PRESS RELEASE 2018-08-20 Stillfront Group announces Head of IR & Communications Sofia Wretman has been appointed as Head of IR & Communications and will be part of the Group's management team. The position is new and covers both internal and external communications as well as investor relations. Sofia Wretman has more than fifteen years of experience of strategic communication and investor relations from a range of industries. Former positions include Head of IR & Communications at Alimak Group, Senior Consultant at Hallvarsson & Halvarsson and Communications manager at SAS Institute. "We are pleased to welcome Sofia as member of the management team. Sofia will be responsible for internal and external communications as well as investor relations. The recruitment of Sofia and the appointment of this new role is part of the Group's planned move to the main market of Nasdaq Stockholm. The recruitment is also important as the Group since its listing at First North in 2015, has grown rapidly through several acquisitions and today has more than 400 employees in six countries," says Jörgen Larsson, CEO of Stillfront Group. "I look forward to be part of the continued growth journey and to develop the investor relations and communications functions," comments Sofia Wretman. Sofia will assume her position on October 15 2018. FOR FURTHER INFORMATION PLEASE CONTACT: Jörgen Larsson, CEO Tel: +46 703 211 800 jorgen@stillfront.com ABOUT STILLFRONT Stillfront is a group of independent creators, publishers and distributors of digital games - with a vision to become the leading group of indie game creators and publishers. Stillfront operates through nine near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta, Simutronics in the United States, Babil Games in UAE and Jordan, eRepublik in Ireland and Romania, OFM Studios in Germany and Goodgame Studios in Germany. Stillfront's games are distributed globally. The main markets are Germany, the United States, France, UK and MENA. For further information, please visit www.stillfront.com. SELECTED GAMES Stillfront's portfolio includes games across multiple platforms. Unravel and Unravel Two are widely acclaimed console games developed by Coldwood in collaboration with Electronic Arts. Supremacy 1914 and Call of War are high-immersion war strategy games developed by Bytro Labs. ManagerZone is a sports management strategy game launched in 2001. DragonRealms and GemStone IV are MUD-style games with a very loyal player base. Siege: Titan Wars(TM) is a popular mobile game developed by Simutronics. Nida Harb III and Admiral are mobile strategy games with very strong player bases, which are published by Babil Games. World at War: WW2 and War and Peace: Civil War are a successful mobile strategy games developed and published by eRepublik Labs. Online Fussball Manager is a leading sports management game. EMPIRE and BIG FARM are major brands operated by Goodgame Studios. Nasdaq First North Ticker Symbol: SF Certified Adviser: Avanza Bank, phone +46 8 409 421 20

Stillfront Group AB: Stillfront resolves to allot subscribed shares to the sellers of eRepublik

2018-07-20

PRESS RELEASE  July 20, 2018 Stillfront resolves to allot the subscribed shares in the new issue shares to the sellers of eRepublik Labs. Limited The general meeting in Stillfront Group AB (publ), reg. no. 556721-3078, ("Stillfront" or the "Company") resolved on 30 May 2018 on a directed new share issue of not more than 55,000 shares to the sellers ("Sellers") of eRepublik Labs. Limited ("eRepublik"), which shall constitute part of the earn-out consideration to be paid following the Company's acquisition of all of the shares in eRepublik 2017. The earn-out consideration, which shall be paid partly in cash and partly in the form of shares in Stillfront, has now been determined to a total amount of EUR 1,478,247. Subscription for shares has been completed and the board of directors of Stillfront has resolved to allot 40,821 subscribed shares to the Sellers. Payment for the shares has been made by way of set-off of the Sellers' claim corresponding to approximately SEK 7,346,310 which corresponds to the part of the agreed earn-out consideration to be paid in the form of shares in Stillfront. FOR FURTHER INFORMATION, PLEASE CONTACT: Sten Wranne, CFO Phone: +46 705 851258 sten@stillfront.com ABOUT STILLFRONT Stillfront is a group of independent creators, publishers and distributors of digital games - with a vision to become the leading group of indie game creators and publishers. Stillfront operates through nine near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta, Simutronics in the United States, Babil Games in UAE and Jordan, eRepublik in Ireland and Romania, OFM Studios in Germany and Goodgame Studios in Germany. Stillfront's games are distributed globally. The main markets are Germany, the United States, France, UK and MENA. For further information, please visit www.stillfront.com. SELECTED GAMES Stillfront's portfolio includes games across multiple platforms. Unravel and Unravel Two are widely acclaimed console games developed by Coldwood in collaboration with Electronic Arts. Supremacy 1914 and Call of War are high-immersion war strategy games developed by Bytro Labs. ManagerZone is a sports management strategy game launched in 2001. DragonRealms and GemStone IV are MUD-style games with a very loyal player base. Siege: Titan Wars(TM) is a popular mobile game developed by Simutronics. Nida Harb III and Admiral are mobile strategy games with very strong player bases, which are published by Babil Games. World at War: WW2 and War and Peace: Civil War are a successful mobile strategy games developed and published by eRepublik Labs. Online Fussball Manager is a leading sports management game. EMPIRE and BIG FARM are major brands operated by Goodgame Studios.

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