Studios

Stillfront Group consist of nine highly diverse game studios all across Europe, US, MENA, publishing on a multitude of platforms.

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Games

Over the last 10+ years our studios have released more than 30 games, take a moment to browse our portfolio.

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History

Stillfront Group has a rich game development history with headquarters in Stockholm, Sweden. We’re one of northern Europe’s largest cross platform game creators with a lot of experience under our belt.

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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 ten 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, Goodgame Studios in Germany and Imperia Online JSC in Bulgaria. 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, developed by Coldwood in collaboration with Electronic Arts, won 20+ awards at E3 and Gamescom and was released in February 2016. 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. Lara Croft Relic Run(TM) is a popular mobile game developed by Simutronics. Tank Storm and Admiral are mobile strategy games with very strong player bases, which are published by Babil Games. World at War is a successful mobile strategy game developed and published by eRepublik Labs. Online Fussball Manager is a leading sports management game. Goodgame Empire is an MMO strategy browser game and is developed and operated by Goodgame Studios. Imperia Online, is a MMO strategy game published on both browser and mobile platforms by Imperia Online.

Latest News

Stillfront Group AB: Andreas Uddman has been appointed as Stillfront Group's new CFO

2019-01-14

Stillfront Group, a market leader in 'free to play' online strategy games, today announces that Andreas Uddman has been appointed as new CFO. Andreas is currently CFO at the Swedish fintech company Qliro. Andreas Uddman has more than 13 years of experience in finance. He has a solid track record in building strong finance functions and teams, equity raising, financing strategies and M&A in a growth environment. He is currently CFO at the Swedish fintech company Qliro Financial Services, one of the Nordic region's fastest growing fintech companies, which is under the supervision of the Swedish Financial Supervisory Authority. As part of the executive management team at Qliro, Andreas has built the finance and legal functions. Prior to this, he was CFO at Kinnevik-backed renewable energy player Vireo Energy. Former positions also include Finance and Business Development positions at Shell in London. "I am very pleased to welcome Andreas to Stillfront. We have exciting opportunities in the years ahead and we will continue to develop Stillfront according to our clear growth agenda. Andreas' extensive experience from developing finance functions in growth companies, will enable us to further accelerate on our strategy", says Jörgen Larsson, CEO, Stillfront Group. "Stillfront has an impressive track record and a strong financial position to continue this exciting journey. I look forward to contribute with my experience and to support Jörgen and the rest of the team in continuing to create shareholder value", says Andreas Uddman. Andreas is a Chartered Management Accountant (ACMA) and holds a Master in Management from EADA Business school as well as an M.A. in Politics from University of Glasgow. Andreas will assume his position at the latest June 1, 2019. FOR FURTHER INFORMATION, PLEASE CONTACT: Sofia Wretman, Director IR & CommunicationsPhone: +46 708 11 64 30E-mail: sofia@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 ten 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, Goodgame Studios in Germany, Imperia Online, Bulgaria and Playa Games, 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 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. Imperia Online, is an MMO strategy game published on both browser and mobile platforms by Imperia Online.

Stillfront Group AB: Positive userbase development

2019-01-10

Positive userbase development Stillfront Group AB ("Stillfront") systematically works with improving the product portfolio to optimize performance and reward/risk. Among many things, Stillfront continuously monitors the number of active users of the online games on a monthly (MAU - Monthly Active User) and daily (DAU - Daily Active User) basis. During the fourth quarter of 2018, the average number of MAUs was 4,770,000 (compared to 5,053,000 in the corresponding period 2017, including Goodgame Studios). The number of DAUs was 1,140,000 on average during the quarter (compared to 1,053,000 in the corresponding period 2017, including Goodgame Studios). Thus, during the fourth quarter of 2018, the number of MAUs decreased by 6%, and the number of DAUs increased by 8%, compared with the fourth quarter of 2017. During the third quarter of 2018, the average number of MAUs was 4,098,000 and the average number of DAUs was 954,000. Thus, the fourth quarter 2018 showed an increase of 16% regarding the number of MAUs and an increase of 20% regarding the number of DAUs as compared with the third quarter of 2018. "We nearly reached last year's record MAU number when Big Farm: Mobile Harvest was trampoline launched, while we set a new DAU record for the Group - even though we didn't have any global launches during the quarter. Two new studios have joined the Group, and we go strong into the new year with a large and loyal userbase. The soft launches of SIEGE: World War II and Strike of Nations look promising, and they will soon be launched globally", comments Jörgen Larsson, CEO, Stillfront Group. In total, the above numbers pertain to the 29 largest online games as ranked by revenues, i.e. Call of War, Supremacy 1914, Conflict of Nations, ManagerZone, DragonRealms, GemStone IV, SIEGE: Titan Wars, SIEGE: World War II, Tank Storm, Admiral, Nida Harb 3, Strike of Nations, Age of Lords, World at War, War and Peace: Civil War, Vietnam War: Platoons, eRepublik.com, Online Fussball Manager, Goodgame Poker, Legends of Honor, Goodgame Empire, EMPIRE: Four Kingdoms, Big Farm, BIG FARM: Mobile Harvest, EMPIRE: Millennium Wars (Mobile), EMPIRE: Millennium Wars (Browser) Imperia Online and Shakes & Fidget. The numbers for Goodgame Studios (acquired in January 2018) have been included historically to improve comparability. Shakes & Fidget is included from December 1. FOR FURTHER INFORMATION, PLEASE CONTACT: Jörgen Larsson, CEO, Stillfront GroupPhone: +46 70 321 18 00jorgen@stillfront.com Sofia Wretman, Director IR & Communications, Stillfront GroupPhone: +46 70 811 64 30E-mail: sofia@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 eleven 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, Goodgame Studios in Germany, Imperia Online, Bulgaria and Playa Games, 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 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. Imperia Online, is an MMO strategy game published on both browser and mobile platforms by Imperia Online. Shakes & Fidget is a cartoon style MMORPG developed by Playa Games. Nasdaq First North Ticker Symbol: SFCertified Adviser: FNCA, phone +46 8 528 00 39 This information is information that Stillfront Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CET on 10 January 2019.

Stillfront Group AB: Stillfront Group publishes approved bond prospectus in anticipation of listing of its bonds on Nasdaq Stockholm

2019-01-09

On 22 November 2018, Stillfront Group AB (publ) ("Stillfront" or the "Company" and, together with its subsidiaries, the "Group") issued senior Unsecured Bonds in an amount of SEK 600 million (the "Bonds"). For the purpose of the listing of the Bonds, the Company has prepared a prospectus that has today been approved by the Swedish Financial Supervisory Authority (Swedish: Finansinspektionen). The prospectus is available on the Group's corporate website https://www.stillfront.com/the-bond/. Admission to trading of the Bonds on Nasdaq Stockholm is expected to take place on Friday, 11 January 2019. FOR ADDITIONAL INFORMATION, PLEASE CONTACT: Sofia Wretman, Director IR & Communications, Stillfront GroupPhone: +46 70 811 64 30E-mail: sofia@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 eleven 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, Goodgame Studios in Germany, Imperia Online, Bulgaria and Playa Games, 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 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. Imperia Online, is an MMO strategy game published on both browser and mobile platforms by Imperia Online. Nasdaq First North Ticker Symbol: SFCertified Adviser: FNCA, phone +46 8 528 00 39 This information is information that Stillfront Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact person set out above, at 18:00 CET on 9 January 2019.

Stillfront Group announces Head of M&A

2018-12-19

Stillfront Group announces Head of M&A Stillfront Group, a market leader in 'free to play' online strategy games, today announces that Marina Andersson has been appointed as Head of M&A and will be part of the Group's management team. Marina has close to 20 years track record of investment banking and M&A. She has extensive competence within strategic and financial advisory, deal generation, buy and sell side M&A project management, financial analysis, due diligence and company valuation. Former positions include: Director at Deloitte's Corporate Finance Advisory team, Director at ICECAPITAL Securities, Associate Partner and Investment Manager at Deseven, M&A Analyst at Carnegie. She holds two Master degrees from Stockholm University and Russian Herzen State Pedagogical University. "Acquisitions are a crucial part of Stillfront's business strategy and we are very pleased with the appointment of Marina Andersson. Marina's breadth of experience and professionalism will be a great asset in continuing to drive our growth strategy and this recruitment signals our commitment to further growth", says Jörgen Larsson, CEO of Stillfront Group. "Stillfront has been successful in acquiring, developing and growing game studios with global reach and an established track record of generating value. I look forward to building on the already successful M&A track record and bringing Stillfront's practice to even greater heights", comments Marina Andersson. Marina Andersson will assume her position in the first quarter of 2019. FOR FURTHER INFORMATION, PLEASE CONTACT: Sofia Wretman, Director IR & CommunicationsPhone: +46 708 11 64 30sofia@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 ten 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, Goodgame Studios in Germany, Imperia Online, Bulgaria and Playa Games, 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 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. Imperia Online, is an MMO strategy game published on both browser and mobile platforms by Imperia Online.

Stillfront Group AB: Stillfront Group completes the acquisition of Playa Games GmbH and issues new shares

2018-12-18

Stillfront Group AB (publ) ("Stillfront") has completed the acquisition of 100% of the shares in Playa Games GmbH ("Playa Games" or the "Company") which was announced through a press release on 11 December 2018. In connection with the closing, Stillfront has issued 425,913 new shares against payment in kind in accordance with the share purchase agreement. The purchase price that Stillfront paid to the sellers of Playa Games in connection with the closing amounted to EUR 20,000,000, of which approximately EUR 14,000,000 was paid in cash and the remaining approximately EUR 6,000,000 in 425,913 newly issued shares in Stillfront. The new share issue was resolved upon by the board of directors of Stillfront pursuant to authorization granted by the annual general meeting on 30 May, 2018, which was registered with the Swedish Companies Registration Office on 11 June 2018. The new shares were only offered to and subscribed for by one of the sellers of Playa Games, Master Creating GmbH, which is jointly owned by the other two sellers Jan Beuck and Martin Jässing. Payment for the new issued shares were made by way of contribution of 7,498 of the shares in Playa Games. The remaining 17,502 shares in Playa Games were paid for in cash. The number of newly issued shares in Stillfront has been based upon the average price per share in Stillfront traded on the Nasdaq First North exchange during the 30 days preceding 11 December 2018 which was SEK 144.75 and the average exchange rate for the corresponding period were 1 EUR corresponds to SEK 10.2779. Through the new share issue, Stillfront's share capital will increase by SEK 298,139.10 to SEK 16,833,768.00. The number of shares will following the new share issue be 24,048,240. The dilution effect of the new share issue is therefore approximately 1.77% on a fully diluted basis (i.e. based on the total number of shares and votes outstanding after the share issue). Playa Games is one of Germany's leading casual strategy game developer and publishers with five released games and approx. 70 million registered players. The Company's flagship title is Shakes & Fidget, a cartoon style massive multiplayer online role-playing game (MMORPG) strategy game published on both browser and mobile platforms. Playa Games is based in Hamburg, Germany. FINANCIAL AND LEGAL ADVISORS DLA Piper is acting as legal advisor to Stillfront in the transaction. HLY Partners is financial advisor and Osborne Clarke is legal advisor to Playa Games and its sellers in connection with the transaction. 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 eleven 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, Goodgame Studios in Germany, Imperia Online, Bulgaria and Playa Games, 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 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. Imperia Online, is an MMO strategy game published on both browser and mobile platforms by Imperia Online. Nasdaq First North Ticker Symbol: SFCertified Adviser: FNCA, phone +46 8 528 00 39 The information was submitted for publication, through the agency of the contact persons set out above, at 19.20 CET on 18 December 2018.

Stillfront: Bytro Labs releases a new version of Supremacy 1914

2018-12-14

Bytro Labs, part of Stillfront Group, releases a new version of Supremacy 1914 Online games developer Bytro Labs, best known for its grand strategy hit Call of War, has released a new version of their classic title Supremacy 1914. Today's release marks the first of three milestones for the new version Supremacy 1914 - The Great War in 2019. This first update features a completely reworked community area, a new map look and a new 3D rendering technology. In the next step Bytro Labs is further embracing its cross-platform strategy, which has already shown great success for Call of War. Supremacy 1914 - The Great War is releasing for Android phones later this year and is followed in early 2019 by iOS devices and leading PC gaming platform Steam. The third and final stage will be reached in mid-2019 with a major content and feature update, which will finalize Supremacy 1914 - The Great War and make the brand ready for the future ensuring its continued success as a leading grand strategy WWI game. More than 4.5 million people have played Supremacy 1914 since launch. "Supremacy 1914 has been a very recognizable and profitable brand of Bytro for nearly a decade. Over the coming months, the highly motivated team behind the product will be bringing out the most ambitious updates since the initial launch. This will add many more strong years to its track record and the team is hard at work to ensure Supremacy 1914 enters its second decade in better shape than ever", says Christopher Lörken, co-founder and Managing Director, Bytro Labs. "Much of the development has already been made on engine level, which enables us to release Supremacy 1914 on mobile with low additional investments. Earlier this year, Call of War was released for mobile on the same engine with very good results. Bytro Labs are doing a great job, contributing to the whole Group with expertise in platform extension", says Jörgen Larsson, CEO, Stillfront Group. FOR FURTHER INFORMATION, PLEASE CONTACT: Sofia Wretman, IR & CommunicationsPhone: +46 708 11 64 30sofia@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 ten 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, Goodgame Studios in Germany and Imperia Online, Bulgaria. 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 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. Imperia Online, is an MMO strategy game published on both browser and mobile platforms by Imperia Online.

Stillfront Group acquires Playa Games GmbH

2018-12-11

Stillfront Group AB (publ) ("Stillfront") today announces its acquisition of 100% of the shares in Playa Games GmbH ("Playa Games" or the "Company"), a leading casual strategy game developer and publisher in Germany. Playa Games is one of Germany's leading casual strategy game developer and publishers with five released games and approx. 70 million registered players. The Company's flagship title is Shakes & Fidget, a cartoon style massive multiplayer online role-playing game (MMORPG) strategy game published on both browser and mobile platforms. Playa Games is based in Hamburg, Germany. The Company generated net revenue of approximately EUR 7.7 million, with approx. 55% in EBIT margin for the period January-September 2018. Playa Games was founded in 2009 by Jan Beuck and Martin Jässing, the sole direct and indirect owners, both of whom will remain active as the key management team of the Company going forward. "Playa Games fits perfectly into Stillfront's growth strategy by broadening our portfolio of studios and games with characteristics that drive long term gamer relations. Playa Games portfolio and pipeline of games fits perfectly to our games portfolio and increases the potential for synergies within the Group. It is with pleasure I today welcome Jan Beuck, Martin Jässing and the whole team at Playa Games 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 Playa Games, and we look forward to share market knowledge and create synergies with the other studios of the Stillfront Group", says Jan Beuck, CEO of Playa Games. THE TRANSACTION The transaction involves the acquisition of 100% of the shares in Playa Games. Completion of the acquisition is expected to occur mid December 2018. The Company will be consolidated into Stillfront's consolidated financial reporting from 1 December 2018. Upon completion of the acquisition, EUR 20,000,000 will be paid to the sellers, of which approx. EUR 14,000,000 is payable in cash and the remaining approx. EUR 6,000,000 is payable in 425,913 newly issued shares in Stillfront, where the subscription price corresponds to the volume weighted 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 1.77% on a fully diluted basis (i.e. based on the total number of shares and votes outstanding after the share issue). The purchase price payable upon completion of the acquisition will be subject to adjustment based on the cash, financial debt and the difference between normalized and actual net working capital of the Company as at the date of completion of the transaction. The adjustment amount is payable by the sellers or Stillfront (as the case may be) in cash. The part of the purchase price payable upon completion corresponds to an enterprise value of 4 times the projected EBIT for 2018 of the Company. The sellers may be entitled to an adjustment consideration to the extent the EBIT of the Company for the fiscal year 2018 exceeds a certain level. To the extent the EBIT of the Company for the fiscal year 2018 falls below a certain level, the difference amount shall be offset against any future earn-out payable in accordance with the below. Further, an earn-out consideration is payable by Stillfront in an aggregate maximum total amount of EUR 25,000,000 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 2019 and 2020. The ultimate size of the yearly earn-out component will depend on the EBIT development of the Company. In addition, the earn-out consideration amount based on the year 2019 shall be capped at EUR 15,000,000, where the excess (if any) shall be accumulated for the next year. The total purchase price payable by Stillfront for Playa Games cannot exceed EUR 45,000,000. Stillfront considers that the total potential consideration, if payable, will result in very attractive earnings multiple for the Company. The cash portion of the purchase price payable upon completion is intended to be financed by cash at hand and available credit facilities and the adjustment consideration (if any) as well as the cash portion of the earn-out consideration is intended to be financed through internal cash generation and available credit facilities. The subscription price for the newly issued shares related to the earn-out consideration shall correspond to the volume weighted 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 425,913 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. FINANCIAL AND LEGAL ADVISORS DLA Piper is acting as legal advisor to Stillfront in the transaction. HLY Partners is financial advisor and Osborne Clarke is legal advisor to Playa Games and its sellers in connection with the transaction. 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 ten 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, Goodgame Studios in Germany and Imperia Online, Bulgaria. 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 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. Imperia Online, is an MMO strategy game published on both browser and mobile platforms by Imperia Online. Nasdaq First North Ticker Symbol: SFCertified Adviser: FNCA, phone +46 8 528 00 39 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 22.15 CET on 11 December 2018.

Stillfront: Simutronics reclaims publishing services

2018-12-10

Simutronics reclaims the publishing services for SIEGE: Titan Wars globally except China Simutronics Corp, a studio within Stillfront Group AB, has ended a co-publishing agreement regarding the mobile game SIEGE: Titan Wars with New York based publishing partner Tilting Point. According to a new agreement, Tilting Point will continue to provide publishing services and market the game in China but Simutronics will run the publishing services and marketing globally from the Group going forward. Simutronics is a leading developer of online roleplaying and mobile games such as DragonRealms, GemStone IV and Lara Croft Relic Run, the latter with more than 23 million downloads. Tilting Point is a new-generation games partner that provides top development studios with expert resources, services, and operational support to optimize high quality live games for success. "I am very pleased to continue the partnership with Tilting Point for the Chinese market as this represents a great opportunity for growth for this title," comments Jörgen Larsson, CEO, Stillfront Group. "Together with the team of Tilting Point we have created a very good start for SIEGE: Titan Wars. But as our marketing capabilities have grown since joining the Stillfront Group, it is now a very good time to move on and run the publishing and marketing of the game inhouse," says David Whatley, CEO, Simutronics. "It was a pleasure to work with Simutronics on SIEGE: Titan Wars for the past two years", says Samir El Agili, President and Chief Product Officer at Tilting Point. "Our current focus is to continue building momentum and success for the game in the Chinese market where we see tremendous opportunity." FOR FURTHER INFORMATION, PLEASE CONTACT: Sofia Wretman, IR & CommunicationsPhone: +46 708 11 64 30sofia@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 ten 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, Goodgame Studios in Germany and Imperia Online, Bulgaria. 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 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. Imperia Online, is an MMO strategy game published on both browser and mobile platforms by Imperia Online.  

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