Press releases

PRESS RELEASE
December 16, 2016

Stillfront acquires Babil Games, the leading MENA region mobile games publisher

Stillfront Group AB (publ) (“Stillfront”) today announces its acquisition of 100% of the shares in Babil Games LLC (“Babil”). Babil, based in Dubai, UAE, and Amman, Jordan, was founded in 2012 by Mohammed Fahmi, Abdullah Fahmi and Hubertus Thonhauser, which all today constitute the management of the company. The founders have strong track-records as business builders within the gaming and media industries.

Babil is a pure mobile strategy games publisher that focuses on bringing high quality entertainment to the Arabic audience in the MENA (Middle East and North Africa) region. Babil has established themselves as leading in localizing, culturizing and publishing high quality mobile entertainment to the very attractive fast-growing mobile games market in the MENA region. The games are primarily sourced from Asia with long term exclusive rights. All localized content is Intellectual Property of Babil.

Babil has a track record of several successful highly grossing titles, like Niba Harb 2, Asefat Al-Dababat, Jaish Al-Foolath and Admiral, as well as an exciting pipe-line of two new titles reaching the market within the coming months.

Babil currently has 12 employees and will reach over 3 MUSD in revenues during 2016, with approximately 15% net profit margin. The management will continue to lead the talented team for further profitable growth.

Jörgen Larsson, CEO, Stillfront Group, comments

“Babil and Stillfront constitute an excellent fit. We share the passion, philosophy and cornerstones of Stillfront’s PLEX strategy and Babil will strengthen Stillfront’s position in a number of strategic areas, for instance in the mobile strategy games space and with publishing capabilities. The truly unique position of Babil, now within our Group, will create significant value going forward. I am extremely pleased to have MJ, AJ, Hubertus and their committed team as valuable new members to the Stillfront family”, Jörgen Larsson, CEO, Stillfront Group, comments.

MJ Fahmi, CEO, Babil Games, comments

“I am excited for Babil to be joining forces with Stillfront Group. We share a common vision and objectives, and I firmly believe this will be a great strategic advantage for both companies, becoming a bigger family that will strengthen our foothold on the local and global markets”, MJ Fahmi, CEO, Babil Games, comments.

The transaction in detail

Stillfront will acquire 100% of the shares in Babil through the transaction.

Babil will be consolidated in Stillfront’s financial reporting from December 2016.

Upon completion of the acquisition, USD 4,500,000 will be paid to the founders, out of which USD 2,100,000 is payable in cash and the remaining part by 355,848 newly issued shares in Stillfront, where the subscription price corresponds to the average price per share in Stillfront at Nasdaq First North during the 30 days preceding the date hereof. Further, USD 300,000 is payable by Stillfront if and when the accumulated gross revenues received by Babil for the sale of certain licensed games reach a certain portion of forecasted accumulated gross revenues. Furthermore, Stillfront will pay an earn-out consideration, subject to certain EBIT-targets being met, in the aggregate maximum total amount of USD 12,500,000 payable 50 per cent in cash and 50 per cent in newly issued shares in Stillfront, following the establishment of the audited annual accounts for the fiscal years 2017, 2018 and 2019. The subscription price for such newly issued shares shall correspond to the average price per share in Stillfront at Nasdaq First North during the 30 days preceding the end of the relevant fiscal year. The earn-out consideration payable for each of the years 2017 and 2018 is capped at USD 1,700,000, however, excess amounts accumulates for subsequent years. The purchase price for the shares in Babil payable to the founders thus amounts to a maximum aggregate total of USD 17,000,000 payable 50 per cent in cash and 50 per cent in newly issued shares in Stillfront. The 355,848 newly issued shares in Stillfront that are issued to the founders upon completion are subject to customary lock-up restrictions during a period of twelve months from receipt thereof.

The cash portion of the purchase price is financed through internally generated funds.

Completion of the acquisition is expected to occur around year end 2016.

The acquisition is conditional upon (i) the receipt of necessary approvals of the acquisition from Creative City Free-Zone Authority in the Emirate of Fujairah, U.A.E, (ii) the Creative City Free-Zone Authority having updated the trade license of Babil, and (iii) no event or circumstance, reasonably likely to have a material adverse effect on Babil’s revenues, having occurred.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront operates through five near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta and Simutronics in the United States. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.

Nasdaq First North Ticker Symbol: SF
Certified 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 13.45 CET on Dec 16, 2016.

PRESS RELEASE
December 14, 2016

Stillfront Launches Open Beta Release of Strategy Game Conflict of Nations: Modern War(TM)

Stillfront today launched the open beta of the strategy game “Conflict of Nations: Modern War”. The game is developed by Stillfront’s studios Dorado and Bytro Labs. Conflict of Nations: Modern War(TM) is built on Bytro’s successful Supremacy Engine, which is also the basis for the successful games Supremacy1914 and Call of War.

Conflict of Nations: Modern War is a military themed strategy game set in the late 20th and early 21st century – including highly modern 21st century battlefield technology.

At the core of the game is an exciting real time combat system putting players in control of an existing nation of this world and its army, pitting them against other gamers in a struggle for world domination. Units are moved across the map in real time, often taking hours to fulfil their assigned mission goals, allowing for a very deep level of strategic planning and integrated tactical execution.

To ensure economic efficiency and technological edge over one’s opponents, each nation must be carefully managed and developed. Researching new units while building the required infrastructure is key to winning the game. After all, modern war is about logistics as much as combat tactics.

Forming lasting alliances or short lived coalitions is an essential part of the modern military environment. Accordingly, Conflict of Nations: Modern War allows players to form cooperative teams in an all-out effort to conquer set objectives through the combined force of arms.

Jörgen Larsson, CEO, Stillfront Group, comments

“Conflict of Nations: Modern War is a title that has the characteristics we know appeal to a category of players we are well acquainted with and have many good experiences of. This title includes high level graphics and sound effects, besides the thrilling strategy elements. The game fits well into Stillfront’s PLEX strategy, as it broadens our portfolio, has a gameplay that encourages long player interaction and is built on our proven Supremacy Engine,” Jörgen Larsson, CEO, Stillfront Group comments.

Nick Porsche, Managing Director and Head Producer, Dorado Games, comments

“I am extremely proud of the teams at Dorado and Bytro that have done a fantastic job with Conflict of Nations. We are convinced that Conflict of Nations has many of the features that attract many players,” Nick Porsche, Dorado Games, comments.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 705 851258
E-mail: sten@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront operates through five near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta and Simutronics in the United States. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.

Nasdaq First North Ticker Symbol: SF
Certified 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 person set out above, at 14.00 CEST on December 14, 2016.

PRESS RELEASE
NOVEMBER 30, 2016

Bytro Launches Call of War Tablet Version

Stillfront’s studio Bytro Labs today announces the release of a tablet version of Bytro’s success Call of War. Call of War is Bytro’s best performing war strategy game which has had revenues of more than 40 MSEK since its launch in May 2015 until September 2016. Call of War allows strategy game fans to command troops, research secret weapons, and conquer enemies in a war strategy online game in tank battles, naval warfare, and air combat. Call of War is expected to have more than 160,000 monthly average users (MAU) in November.

Significant investments have been made into the technical platform in order to offer Call of War gamers an exciting cross platform gaming experience without app downloads on iOS and Android tablets. Further investments are being made in order to also make Call of War available on mobiles. As Call of War is built on Bytro’s successful SUP-engine, other titles based on the SUP-engine, such as Supremacy 1914, Thirty Kingdoms and New World Empires can benefit from the investments made in the tablet version of Call of War.

Christopher Lörken, Managing Director (Tech), Bytro Labs, comments

“I am very proud of the solid work made by our technical team. We are looking forward to the reaction of our current gamers as well as the new audience we will target with the ability to access the game via tablets.”, Christopher Lörken, Managing Director (Tech), Bytro Labs, comments.

Jörgen Larsson, CEO, Stillfront Group, comments

“I congratulate the entire team at Bytro on the great work performed to develop the tablet version of Call of War. We believe the potential reach of the game will increase, and we also believe current gamers will appreciate the possibility to play Call of War on the move. This provides potential to strengthen Bytro’s and Stillfront’s market positions.”, Jörgen Larsson, CEO, Stillfront Group, comments.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront                Felix Faber, MD (Op) at Bytro Labs
Phone: +46 70 321 18 00                            Phone: +49 40 36 90 54 00
E-mail: jorgen@stillfront.com                       E-mail: felix@bytro.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one a leading indie game creator and publisher. Stillfront operates through five near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta, and Simutronics in St Louis, Missouri. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. Shares of the Company are traded on Nasdaq First North Stockholm with ticker SF. Avanza Bank (phone +46 8 4094 2120) is the Company’s Certified Adviser. For further information, please visit www.stillfront.com.

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.

***

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 person set out above, at 13.15 CET on November 30, 2016.

PRESS RELEASE Nov 22, 2016

Interim Report January-September 2016

STILLFRONT GROUP AB (PUBL)

The Interim Period January – September 2016

• Revenues amounted to 70.0 MSEK (corresponding period 2015: 38.0 MSEK), which is an increase of 85% compared to the corresponding period 2015.
• EBITDA excluding expensed investments amounted to 28.1 MSEK (8.6 MSEK), which is an increase of 269%. EBITDA including expensed investments amounted to 5.7 MSEK (2.6 MSEK).
• Profit/loss before tax was -1.3 MSEK (-3.2 MSEK), which is an improvement of 1.9 MSEK. Profit/loss after tax was -3.9 MSEK (-4.0 MSEK), an improvement of 0.1 MSEK.
• Earnings per share before dilution amounted to -0.73 SEK (-1.31 SEK). Earnings per share after dilution amounted to -0.72 SEK (-1.27 SEK).
• As of September 30 cash and cash equivalents amounted to 56.8 MSEK (6.1 MSEK).
• Remaining 49% of Bytro Labs GmbH acquired in June.
• Acquisition of a majority stake in Simutronics Corp was made in June. Simutronics is consolidated as of June 1, 2016.
• Sales of Unravel commenced February 9 and has been very satisfying. Coldwood has entered an agreement with Electronic Arts regarding the development of a sequel to Unravel.
• Bytro launched New World Empires, a free-to-play game in the Grand Strategy Games genre.
• Siege:Titan Wars, a game developed by Simutronics, was Soft Launched in cooperation with Tilting Point after the end of the interim period.

The Quarter July – September 2016

• Net revenues amounted to 21.6 MSEK (corresponding period 2015: 14.3 MSEK), which is an increase of 42% compared to the corresponding period 2015.
• EBITDA excluding expensed investments amounted to 7.8 MSEK (3.6 MSEK), which is an increase of 117%. EBITDA including expensed investments amounted to -3.8 MSEK (1.3 MSEK).
• Profit/loss before tax was -7.5 MSEK (2.5 MSEK). Profit/loss after tax was -6.7 MSEK (-1.1 MSEK).
• Earnings per share before dilution amounted to -1.20 SEK (-0.36 SEK). Earnings per share after dilution amounted to -1.18 SEK (-0.36 SEK).

Stable High Growth and Margins – With Low Risk

“I am very happy about the third quarter. We achieve continued strong growth with high margins, even though the third quarter normally is Stillfront’s weakest by seasonality. We have also had good progress in our investments for future growth, profitability and stability.

Stillfront’s revenues increased by 85% as compared to the first nine months of 2015. The profitability is still very strong and our prime profitability metric, EBITDA excluding expensed investments, amounted to 28.1 MSEK, corresponding to a profit margin of 41%”. says Jörgen Larsson, CEO.

Key figures, The Group

For further information, please contact:

Jörgen Larsson, CEO
+46-70-321 1800
jorgen@stillfront.com

Sten Wranne, CFO
+46-705-851258
sten@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through five near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta, and Simutronics in St Louis, Missouri. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. Shares of the Company are traded on Nasdaq First North Stockholm with ticker SF. Avanza Bank (Telephone +46-8-40942120) is the Company’s Certified Adviser. For further information, please visit www.stillfront.com.

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 a very loyal player base. Lara Croft Relic Run(TM) is a popular mobile game, developed by Simutronics.

***

NOTE: A presentation of the Interim Report is available on the Stillfront website: https://www.stillfront.com/site/investor-relations/financial-reports/

***

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 person set out above, at 08.45 CEST on November 22, 2016.

PRESS RELEASE
November 3, 2016

Stillfront Appoints Nomination Committee

Nomination Committee Appointed Ahead of the Annual General Meeting 2017 of Stillfront Group AB (publ)

In accordance with resolutions made at the annual general meeting 2016, a nomination committee has been appointed. The committee is made up of the following committee members:

• Sture Wikman, Chair
• Per Jacobsson (representing Acacia Asset Management)
• Joachim Spetz (representing Swedbank Robur Fonder)
• Per Skyttvall (representing the board of directors of Stillfront Group)

Any shareholder that whishes to submit proposals to the nomination committee of Stillfront Group is welcome to do so by sending a letter to Stillfront Group AB (publ), Västra Trädgårdsgatan 15, S-111 53 Stockholm, Sweden, or by sending an email to sture.wikman@duroc.com. Please be advised that such proposals must be received by the nomination committee at the latest February 1, 2017.

For additional information, please contact:

Sten Wranne, CFO at Stillfront
Phone: +46 705 851258
E-mail: sten@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront operates through five near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta and Simutronics in the United States. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.

Nasdaq First North Ticker Symbol: SF
Certified 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 person set out above, at 09.00 CEST on November 3, 2016.

PRESS RELEASE
October 7, 2016

Stillfront: Stable Volumes, High Loyalty

Stillfront Group AB (“Stillfront”) currently has twelve game titles, of which eleven are online games. In addition, there is a number of long tail games. Stillfront continuously monitors the number of active users of the online games on a monthly basis (MAU – Monthly Active User) and daily basis (DAU – Daily Active User).

During the third quarter of 2016, the average number of MAUs was 222,970. The number of DAUs was 62,781 on average during the quarter. The corresponding figures for the third quarter of 2015 were 209,377 MAU and 55,857 DAUs. Thus, the third quarter 2016 achieved an increase of 6% regarding the number of MAU and 12% regarding the number of DAUs as compared with the third quarter of 2015.

During the second quarter of 2016 the average number of MAUs was 224,446 and the average number of DAUs was 69,494. During the third quarter, which is the weakest quarter due to seasonality, the number of MAUs decreased by 1%, and the number of DAUs decreased by 10% as compared with the second quarter of 2016.

The above numbers pertain to the seven largest games as ranked by revenues, i.e. Call of War, Supremacy 1914, New World Empires, ManagerZone Football, ManagerZone Hockey, DragonRealms and GemStone IV.

Jörgen Larsson, CEO, Stillfront Group, comments

” I am happy to note that our games are very attractive to our players. I am especially pleased with the player loyalty during the quarter, a quarter which normally is weak based on seasonality. Especially the paying players demonstrate great loyalty. I see this as an acknowledgement that our games offer entertainment to our players for a long period of time, which is exactly in line with Stillfront’s strategy,” Jörgen Larsson, CEO, Stillfront Group comments.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 705 851258
E-mail: sten@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront operates through five near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta and Simutronics in the United States. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.

Nasdaq First North Ticker Symbol: SF
Certified 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 person set out above, at 08.40 CEST on October 7, 2016.

PRESS RELEASE
October 6, 2016

Stillfront Announces Strategy Game Conflict of Nations: Modern War(TM)

Stillfront today announced the launch of the strategy game “Conflict of Nations: Modern War”. The game will be available before the end of the year in an open beta. The game is developed by Stillfront studios Dorado and Bytro Labs. Conflict of Nations: Modern War(TM) is built on Bytro’s successful Supremacy Engine, which is also the basis for the successful games Supremacy1914, Call of War and the New World Empires.

Conflict of Nations: Modern War is a military themed strategy game set in the late 20^th and early 21^st century – ranging from the 1980s cold war era to highly modern 21^st century battlefield technology.

At the core of the game is an exciting real time combat system putting players in control of an existing nation of this world and its army, pitting them against other gamers in a struggle for world domination. Units are moved across the map in real time, often taking hours to fulfil their assigned mission goals, allowing for a very deep level of strategic planning and integrated tactical execution. 

To ensure economic efficiency and technological edge over one’s opponents, each nation must be carefully managed and developed. Researching new units while building the required infrastructure is key to winning the game. After all, modern war is about logistics as much as combat tactics.

Forming lasting alliances or short lived coalitions is an essential part of the modern military environment. Accordingly, Conflict of Nations: Modern War allows players to form cooperative teams in an all-out effort to conquer set objectives through the combined force of arms. 

Jörgen Larsson, CEO, Stillfront Group, comments

“Conflict of Nations: Modern War is a title that has the characteristics we know appeal to a category of player we are well acquainted with and have many good experiences of. The game fits well into Stillfront’s PLEX strategy, as it broadens our portfolio, has a gameplay that encourages long player interaction and is built on our proven Supremacy Engine,” Jörgen Larsson, CEO, Stillfront Group comments.

Nick Porsche, Managing Director and Head Producer, Dorado Games, comments

“I am extremely proud of the teams at Dorado and Bytro that have done a fantastic job with Conflict of Nations. We are convinced that Conflict of Nations has many of the features that attract many players,” Nick Porsche, Dorado Games, comments.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 705 851258
E-mail: sten@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront operates through five near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta and Simutronics in the United States. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.

Nasdaq First North Ticker Symbol: SF
Certified 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 person set out above, at 08.40 CEST on October 6, 2016.

PRESS RELEASE
SEPTEMBER 20, 2016

Stillfront’s Studio Simutronics Closes Co-Publishing Agreement with Tilting Point

Simutronics Corp, a studio within Stillfront Group AB (publ), has entered into a co-publishing agreement regarding a new mobile game with New York based publishing partner Tilting Point®. Under the agreement, Tilting Point will provide comprehensive publishing services and market the game globally. Simutronics will retain all rights to the IP related to the game. The game, which is yet to be named, will offer a competitive multiplayer experience for mobile gamers. A launch date will be communicated later as the game nears completion.

Simutronics, Stillfront’s most recent acquisition, is a leading developer of strategy games and mobile games such as DragonRealms, GemStoneIV and Lara Croft Relic Run(TM), the latter with more than 18 million downloads. Tilting Point is a leading publishing partner for top independent developers. Led by veterans of Electronic Arts, Zynga and Gameloft, Tilting Point has profound expertise in mobile game publishing, covering key areas such as user acquisition, data management and CRM. Their games include the Apple Design Award-winning Leo’s Fortune® and other mobile hits like Languinis(TM) and Photo Finish Horse Racing(TM).

Jörgen Larsson, CEO, Stillfront Group, comments

“I am very excited to announce this very important milestone for Simutronics and Stillfront Group. Tilting Point is an industry leader in mobile games marketing, and through Simutronics’ deep skills within mobile game design and development, we are setting up a winning team,” Jörgen Larsson, CEO, Stillfront Group, comments.

David Whatley, CEO, Simutronics, comments

“I am tremendously proud of the devoted Simutronics team and the fantastic game we have developed. I am looking forward to working together with the resourceful team of Tilting Point,” says David Whatley, CEO, Simutronics.

Dan Sherman, President, Tilting Point, comments

“Simutronics is a pioneer in online multiplayer engagement, with technical and design strengths that have earned them decades of fan loyalty. Tilting Point is proud to partner with this prestigious team to help their game reach the largest possible audience,” said Dan Sherman, President and Co-Founder, Tilting Point.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 705 851258
E-mail: sten@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront operates through five near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta and Simutronics in the United States. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.

Nasdaq First North Ticker Symbol: SF
Certified 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 person set out above, at 13.00 CEST on September 20, 2016.

PRESS RELEASE
AUGUST 31, 2016

CatCap GmbH Acquires Shares in Stillfront

CatCap GmbH has acquired 28,582 shares in Stillfront Group AB (publ) (“Stillfront”) from FKL Holding GmbH (“FKL”). CatCap GmbH is a prominent Corporate Finance firm. Mark Miller, Board Director of Stillfront, is the founder and managing partner of CatCap GmbH. FKL is Stillfront’s largest shareholder and holds 959,028 shares in Stillfront after the transaction. The transaction pertains to compensation for services delivered by CatCap GmbH to FKL.

Mark Miller, Board Director, Stillfront Group, comments

“I believe strongly in Stillfront and its business model and I am very excited that CatCap has been provided with this opportunity to invest in Stillfront”, Mark Miller, Board Director, Stillfront Group, comments.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront operates through five near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta and Simutronics in the United States. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.

Nasdaq First North Ticker Symbol: SF
Certified 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 person set out above, at 11.15 CEST on August 31, 2016.

Interim Report January-June 2016

STILLFRONT GROUP AB (PUBL)

The interim period january – june 2016

• Net revenues amounted to 48.4 MSEK (corresponding period 2015: 22.7 MSEK), which is an increase of 114% compared to the corresponding period 2015.
• EBITDA excluding expensed investments amounted to 20.3 MSEK (5.1 MSEK), which is an increase of 299%. EBITDA including expensed investments amounted to 9.5 MSEK (1.2 MSEK).
• Profit/loss before tax was 6.2 MSEK (-2.5 MSEK), which is an improvement of 8.7 MSEK. Profit/loss after tax was 2.8 MSEK (-2.9 MSEK).
• Earnings per share before dilution amounted to 0.54 SEK (-0.97 SEK). Earnings per share after dilution amounted to 0.53 SEK (-0.94 SEK)^[1].
• As of June 30 cash and cash equivalents amounted to 76.5 MSEK (6.2 MSEK).
• Remaining 49% of Bytro Labs GmbH acquired in June.
• Acquisition of a majority stake in Simutronics Corp was made in June. Simutronics is consolidated as of June 1, 2016.
• Bytro launched New World Empires, a free-to-play game in the Grand Strategy Games genre.
• Sales of Unravel commenced February 9 and has been very satisfying. Coldwood has entered an agreement with Electronic Arts regarding the development of a sequel to Unravel.

The Quarter April – June 2016

• Net revenues amounted to 23.1 MSEK (previous quarter: 25.3 MSEK).
• EBITDA excluding expensed investments amounted to 10.3 MSEK (10.0 MSEK). EBITDA including expensed investments amounted to 2.9 MSEK (6.6 MSEK).
• Profit/loss before tax was 1.5 MSEK (4.7 MSEK). Profit/loss after tax was 0.3 MSEK (2.5 MSEK).
• Earnings per share before dilution amounted to 0.06 SEK (0.51 SEK). Earnings per share after dilution amounted to 0.06 SEK (0.47 SEK).

A strong first half of 2016

“Stillfront has during the first half of 2016 achieved two milestones that I am very proud of: We have launched two games –  Coldwood’s Unravel and Bytro’s New World Empires. We have also made our first acquisition as a listed company by acquiring a majority stake in Simutronics. Both milestones are fully in line with Stillfront’s strategy PLEX. Further, the Board of directors has been strengthened by the addition of two very competent and experienced directors.

Stillfront’s revenues increased by 114% as compared to the first half of 2015. The profitability is still very strong and our prime profitability metric, EBITDA excluding expensed investments, amounted to 20,3 MSEK, corresponding to an all time high profit margin of 42%”. says Jörgen Larsson, CEO.

Key figures, The Group

For further information, please contact:

Jörgen Larsson, CEO
+46-70-321 1800
jorgen@stillfront.com

Sten Wranne, CFO
+46-705-851258
sten@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through five near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta, and Simutronics in St Louis, Missouri. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. Shares of the Company are traded on Nasdaq First North Stockholm with ticker SF. Avanza Bank (Telephone +46-8-40942120) is the Company’s Certified Adviser. For further information, please visit www.stillfront.com.

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 a very loyal player base. Lara Croft Relic Run(TM) is a popular mobile game, developed by Simutronics.

***

NOTE: A presentation of the Interim Report is available on the Stillfront website: https://www.stillfront.com/site/investor-relations/financial-reports/

***

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 person set out above, at 08.45 CEST on August 26, 2016.

^[1] Number of shares before dilution includes shares issued as consideration to the seller of Bytro Labs GmBH and the seller of Simutronics Corp. These share were not registered by the Swedish Corporate Registry at the end of the interim period.

PRESS RELEASE
JULY 6, 2016

Stillfront: Growth in number of players, increased loyalty

Stillfront Group AB (“Stillfront”) currently has nine game titles, of which eight are online games. In addition, there is a number of long tail games. Stillfront continuously monitors the number of active users of the online games on a monthly basis (MAU – Monthly Active User) and daily basis (DAU – Daily Active User).

During the second quarter of 2016, the average number of MAUs was 224,226. The number of DAUs was 69,494 on average during the quarter. The corresponding figures for the second quarter of 2015 were 155,826 MAU and 50,619 DAUs. Thus, the second quarter 2016 achieved an increase of 44% regarding the number of MAU and 37% regarding the number of DAUs as compared with the second quarter of 2015.

During the first quarter of 2016 the average number of MAUs was 278,712 and the average number of DAUs was 80,550. During the second quarter of 2016 the number of MAUs decreased by 19%, and the number of DAUs decreased by 14% as compared with the first quarter of 2016. The improved DAU / MAU ratio – often referred to as stickiness – increased from 29% to 31%, which indicates that the players who were recruited during the second half of 2015 and the initial part of 2016 demonstrate an increasing activity and loyalty. The above numbers pertain to the four largest games as ranked by revenues, i.e. Call of War, Supremacy 1914, ManagerZone Football and ManagerZone Hockey.

Jörgen Larsson, CEO, Stillfront Group, comments

“I am happy to note that our games are very attractive to our players, and that the share of daily recurring players has increased. I see this as as acknowledgement that our games offer entertainment to our players for a long period of time, which is exactly in line with Stillfront’s strategy”, Jörgen Larsson, CEO, Stillfront Group, comments.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 705 851258
E-mail: sten@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of the leading indie game creators and publishers. Stillfront operates through five near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta and Simutronics in the United States. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.

Nasdaq First North Ticker Symbol: SF
Certified 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 person set out above, at 09.00 CEST on July 6 2016.

Stillfront Group AB (publ) completes the acquisition of a majority stake in Simutronics and issues new shares against payment in kind

Stillfront Group AB (publ) (“Stillfront” or “company”) has completed the acquisition of 52.65 per cent of the outstanding shares of the U.S. company Simutronics Corp., (“Simutronics”) which the company announced in a press release on 21 June 2016.

In connection with closing, which took place after the exchange had closed on 23 June 2016, Stillfront carried out an issue of 18 851 new shares in Stillfront to David M. Whatley Living Trust. The subscription price amounted to SEK 65.8554 per share and had been determined based on the average price per Stillfront share on Nasdaq First North during the 30 days preceding the date of subscription for shares. All shares have been subscribed for by David M. Whatley Living Trust. Payment for the new shares was made by contribution of 1 802 500 shares in Simutronics. The total purchase price for the shares in Simutronics amounted to USD 937 661 and was paid partly in cash and partly in the form of the newly issued shares in Stillfront.

The resolution to issue the new shares was adopted by the board of directors of Stillfront pursuant to authorization granted by the annual general meeting which was registered with the Swedish Companies Registration Office on 2 June 2016. Through the new share issue, Stillfront’s share capital will increase by SEK 13 195.70 Following the new share issue, and taking into consideration the new share issue which the extraordinary general meeting resolved upon on 22 June 2016, the total number of shares will amount to 5 586 158 and the share capital to SEK 3 910 310.60.

In connection with closing, the board of directors of Stillfront furthermore resolved to establish an incentive program to the key management individuals in Simutronics in accordance with the terms set out in the press release which the company published on 21 June 2016.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com
Sten Wranne, CFO at Stillfront
Phone: +46 705 851258
E-mail: sten@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.
Nasdaq First North Ticker Symbol: SF
Certified Adviser: Avanza Bank, phone +46 8 4094 2120

Press release from extraordinary general meeting in Stillfront Group AB (publ) 22 June 2016 due to the acquisition of the remaining 49 per cent of the shares in Bytro Labs GmbH

Stillfront Group AB (publ) (“Stillfront” or “Company”) held an extraordinary general shareholders’ meeting on 22 June 2016 where it was resolved to increase the share capital by SEK 392 506.80 through a directed issue of 560 724 new shares to FKL Holding GmbH (“FKL”) against payment in the form of 12 250 shares in Bytro Labs GmbH. Stillfront holds 51 per cent of the shares in Bytro and now acquires the remaining 49 per cent of the shares whereby Bytro becomes a wholly owned subsidiary of Stillfront.

The reason for the issue is to fulfil the share purchase agreement which Stillfront in 2013 entered into with FKL, Felix Faber, Tobias Kringe and Christopher Lörken and, in accordance with the agreement, acquire the remaining 49 per cent of the shares in Bytro. Felix Faber, Tobias Kringe and Christopher Lörken own all the shares in FKL and also constitute the management of FKL. The resolution on the new share issue was therefore adopted by the shareholders’ meeting with a qualified majority.

The total consideration for the shares in Bytro has been determined based on certain key figures according to Bytro’s annual report for 2015 and is paid partly in cash and partly in new shares in Stillfront. The cash part of the consideration amounts to EUR 1 300 000. The number of shares to be issued has been determined based on a subscription price corresponding to SEK 28 per share. According to applicable accounting principles, the value at which the shares in Bytro will be accounted for in the Company’s balance sheet depends on the exchange rate and price of the Company’s share on the transaction date.

Following the new share issue, the total number of shares in Stillfront will be 5 567 307 and the share capital SEK 3 897 114.90. The dilution pursuant to the new share issue corresponds to approximately 10.07 per cent. After the issue of shares FKL, will hold approximately 17.74 per cent of the shares in the Company.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com
Sten Wranne, CFO at Stillfront
Phone: +46 705 851258
E-mail: sten@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.
Nasdaq First North Ticker Symbol: SF
Certified Adviser: Avanza Bank, phone +46 8 4094 2120

PRESS RELEASE
JUNE 21, 2016

Stillfront Acquires Majority Stake in Simutronics

Stillfront Group AB (publ) today announces its acquisition of the majority of the shares in Simutronics Corp. Simutronics, based in St Louis, Missouri, was founded in 1987 by David Whatley, who is the CEO of the company. David Whatley is a highly respected industry veteran and acts as speaker regularly in different industry contexts such as GDC, iDEV360, Unite and many more.

Simutronics has developed and is operating the games GemStone IV and DragonRealms. Both of which are MUD-style text-based games with a very loyal player base. Further, Simutronics is a well renowned and profitable mobile games developer, having developed Tiny Heroes(TM), One Epic Knight(TM) and Lara Croft Relic Run(TM). Lara Croft Relic Run(TM) has been a great success with more than seventeen million downloads. With this acquisition Stillfront adds both a new Strategy games genre as well as mobile game capabilities to the Group.

Simutronics is currently developing its own IP in the mobile strategy game area, to be announced. Simutronics currently has 20 employees and reached over 2 MUSD in revenues during 2015. David Whatley will remain the CEO of Simutronics and continue to lead the talented team.

Jörgen Larsson, CEO, Stillfront Group, comments

“Simutronics and Stillfront constitutes an excellent fit. We share the philosophy and cornerstones of Stillfront’s PLEX strategy and Simutronics will strengthen Stillfront’s position in a number of areas, for instance in the mobile space and Unity development. I am extremely pleased to have David Whatley and his entire team at Simutronics as a valuable strategic addition to the Stillfront family”, Jörgen Larsson, CEO, Stillfront Group, comments.

David Whatley, CEO, Simutronics, comments

“I am excited for Simutronics to be joining forces with Stillfront Group. We share a common vision and objectives, and I firmly believe this will be a great strategic advantage for both companies”, David Whatley, CEO, Simutronics Corp., comments.

The Transaction in Detail

Stillfront acquires 52.65% of the outstanding shares of Simutronics. Simutronics will be consolidated in the financial reporting of Stillfront as of June 1, 2016. The consideration to be paid at closing in June 2016 will amount to in total USD 937,661 and be paid partly in cash and partly in Stillfront equity. The cash part will amount to USD 787,635 and the equity part to USD 150,026. Furthermore, an earn-out consideration consisting partly of cash and partly of equity will be paid based on the financial performance of Simutronics during 2017. The earn-out consideration shall not exceed USD 1,805,400. As of the closing in June 2016, approximately 19,000 Stillfront shares representing approximately 0.4 % of the total number of shares in Stillfront will be issued, constituting the equity part of the consideration. The subscription price will be determined based on the average price per Stillfront share on Nasdaq First North during the 30 days preceding the date of subscription for shares. The share issue will be resolved upon at closing by the board of directors of Stillfront in accordance with the authorization granted at the annual general meeting.

Closing is scheduled to take place on or before 30 June 2016.

Stillfront has furthermore agreed to establish an incentive program to the key management individuals in Simutronics. The incentive program will consist of 35,000 stock options and 7,500 restricted stock units which entitle to acquisition of the same amount of shares in Stillfront and will be granted upon resolution by the board of directors of Stillfront in connection with closing. The options and the units will be subject to a four-year vesting schedule. The exercise price of the options shall correspond to the fair market value of the Stillfront share at the grant date. The units shall entitle the holder to compensation for dividend payments on the underlying shares from the company.

The costs, including social security contributions, for the fulfilment of the program depend on which arrangements Stillfront will make to fulfil the options. If the aggregate fair market value of the shares exercisable under the stock options in any calendar year exceeds USD 100,000, social security contributions corresponding to 8% of the value of the benefit shall be paid.  Fulfilment of the options through a new share issue is not expected to cause the company any material costs. A new share issue of 42,500 shares will, however, entail a dilution of approximately 0.84%. Costs for fulfilment of the options through for example repurchase and sale of Stillfront’s own shares depends on inter alia the current price of the share at the time of the purchase. Costs for dividends in relation to the Restricted Stock Units depends on Stillfront’s result and future capacity to pay dividends.

Stillfront has furthermore invested USD 500,000 in Simutronics to accelerate the development of its current mobile strategy games. The investment is structured as a loan on market terms.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 705 851258
E-mail: sten@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.

Nasdaq First North Ticker Symbol: SF
Certified Adviser: Avanza Bank, phone +46 8 4094 2120

NOTICE

of extraordinary general meeting in Stillfront Group AB (publ)

The shareholders of Stillfront Group AB (publ), reg. no. 556721-3078 (“Company”), are hereby convened to an extraordinary general meeting on Wednesday 22 June 2016 at 10.00am. The general meeting will be held at the offices of the law firm Advokatfirma DLA Piper Sweden KB at Kungsgatan 9 in Stockholm.

The right to participate at the general meeting etc.
All shareholders who wish to participate at the general meeting shall i) be registered in the share register kept by Euroclear Sweden AB no later than by Thursday 16 June 2016, as well as ii) notify the Company of their intention to participate at the general meeting no later than by Thursday 16 June 2016 by sending mail to Stillfront Group AB (publ), “General meeting”, Västra Trädgårdsgatan 15, 111 53 Stockholm or by e-mail to ir@stillfront.com.

To be entitled to participate at the general meeting, shareholders with nominee-registered shares through a bank or other nominee, must temporarily register their shares in their own name at Euroclear Sweden AB. Shareholders requesting such registration must notify their nominee well before Thursday 16 June 2016, when such registration shall have been executed.

Kindly state in the notification name, personal ID and/or registration number, number of shares held and, when applicable, number of advisors which may not exceed two.

Shareholders who are represented by proxy should submit a power of attorney concurrently with the notice. The power of attorney shall be in writing, dated and signed. The original power of attorney shall be brought to the general meeting. Power of attorney forms are available on the Company’s webpage www.stillfront.com and sent free of charge to those shareholders who so request and state their postal address or e-mail. Representatives of legal entities shall also enclose a copy of the registration certificate or equivalent document which indicates the persons authorized to represent the legal entity.

PROPOSED AGENDA

1. Opening of the meeting

2. Appointment of a chairman of the meeting

3. Preparation and approval of the voting register

4. Approval of agenda

5. Election of one or two persons to attest the minutes

6. Examination of whether the meeting has been duly convened

7. Resolution on issue in kind in relation to the acquisition of shares in Bytro Labs GmbH

8. Closing of the meeting

Proposals for resolutions

Appointment of a chairman of the meeting (item 2)
It is proposed that Peter Ihrfelt is appointed chairman of the general meeting.

Resolution on issue in kind with reference to the acquisition of shares in Bytro Labs GmbH (item 7)
The Company announced its intention to acquire the remaining 49 percent of the shares in the Company’s subsidiary Bytro Labs GmbH (“Bytro”) by way of a press release published on 9 May 2016.

In 2013, the Company entered into a share purchase agreement (“SPA”) with FKL Holding GmbH (“FKL”), Felix Faber, Tobas Kringe and Christopher Lörken regarding the Company’s acquisition of 51 per cent of the shares in Bytro. The SPA furthermore contains an undertaking by the Company to acquire the remaining 49 per cent of the shares in Bytro. According to the SPA, the consideration for the shares shall partly be paid in the form of cash and partly in the form of new issued shares in the Company, against payment in the form of shares in Bytro. Felix Faber, Tobas Kringe and Christopher Lörken own all shares in FKL and constitute the management of Bytro. The issue of the consideration shares consequently requires that the general meeting, with qualified majority, approves of the new share issue.

The board of directors therefore proposes that the general meeting resolves on an issue of shares against payment in kind in the form of shares in Bytro, on the following terms:

• The Company’s share capital shall increase with SEK 392 506.80 by an issue of 560 724 shares.
   
• A subscription price of SEK 28 per share shall be paid. The subscription price has been agreed by the Company and FKL in the SPA and entails a discount of 57.7 percent compared to the closing price for the Company’s share on Nasdaq First North on 20 May 2016. According to applicable accounting principles, the value at which the contributed shares in Bytro are reported in the Company’s balance sheet may change depending on the exchange rate and price of the Company’s share on the transaction date.
   
• The right to subscribe for the new shares shall only be offered to FKL Holding GmbH, with the right and obligation to pay the subscribed shares by contribution of capital contributed in kind consisting of 12 250 shares in Bytro Labs GmbH.
   
• The shares shall be subscribed for on a subscription list no later than five business days after the shareholders’ meeting.
   
• Payment in kind by contribution of 12 250 shares in Bytro shall be made no later than five business days after the shareholders’ meeting. The board of directors shall be entitled to postpone the payment date.
   
• The new shares shall be entitled to dividend as from the first record day for dividend after the newly issued shares have been registered with the Swedish Companies Registration Office and the shares have been registered in the share register at Euroclear Sweden AB.
   
• The new share issue does not require amendments of the Company’s articles of association.
   
• The dilution pursuant to the new share issue corresponds to approximately 10.07 percent. After the issue of shares FKL will hold approximately 17.74 percent of the shares in the Company.

The board of directors, or the person the board of directors assigns, shall be authorized to make any formal adjustments that may be required in connection with registration of the resolution with the Swedish Companies Registration Office or Euroclear Sweden AB.

The total amount of shares and votes in the Company at the time of issue of this notice was 5 006 583 shares. All shares carry equal voting rights. The Company does not hold any own shares.

Majority requirement
Resolutions pursuant to item 7 (Resolution on issue in kind with reference to the acquisition) shall be valid only where supported by shareholders holding not less than nine-tenths of both the votes cast and the shares represented at the general meeting.

Documents
Complete proposals and documentation according to Chapter 13 Sections 6-8 of the Companies Act will be available at the Company (address above) and on the Company’s webpage, www.stillfront.com, not less than two weeks before the general meeting. The aforementioned documents will be sent to those shareholders who so request and submit their postal address or e-mail.

Shareholders’ right to request information
Shareholders are reminded of their right to request that the board of directors and managing director provide information at the general meeting in respect of any circumstances which may affect the assessment of a matter on the agenda pursuant to chapter 7, section 32 of the Swedish Companies Act. Information must be provided if it can take place without significant harm to the Company.

* * * * * *

Stockholm in May 2016

The board of directors of Stillfront Group AB (publ)

För ytterligare information, kontakta/ For additional information, please contact:
Jörgen Larsson, VD/CEO, Stillfront
Tel: +46 70 321 18 00
E-post: jorgen@stillfront.com

Sten Wranne, CFO, Stillfront
Tel: +46 70 585 12 58
E-post: sten@stillfront.com

Nasdaq First North kortnamn: SF/ Nasdaq First North Ticker Symbol: SF
Certified Adviser: Avanza Bank, telefon/phone +46-8-4094 2120

Press release from annual general meeting
Stillfront Group AB (publ) held annual general meeting on 18 May 2016 whereas essentially the following resolutions were adopted.

At the annual general meeting the presented profit and loss statement was adopted. The meeting resolved to grant the board of directors and the managing director discharge from liability for their management of the Company during the fiscal year 2015. In accordance with the proposal of the board of directors and the managing director, the meeting resolved that the accumulated profit of SEK 137,244,708 shall be carried forward and that no dividend shall be paid.

It was resolved that remuneration of SEK 88,600 shall be paid to the chairman of the board of directors and that remuneration of SEK 44,300 shall be paid to each of the directors of the board. A director of the board who is compensated by the Company due to employment shall not receive remuneration, neither from the parent company nor any subsidiary.

It was resolved that remuneration to the auditors shall be paid according to current approved account.

Max Bautin had informed that he was not available for re-election as director of the board. It was resolved to re-elect Per Skyttvall, Alexander Bricca, Jörgen Larsson and Fredrik Åhlberg as directors of the board for the period until the next annual general meeting. Annette Brodin Rampe and Mark Miller, respectively, were elected as new directors of the board for the period until the next annual general meeting. MAZARS SET Revisionsbyrå AB was re-elected as the company’s auditor, for the period until the next annual general meeting, with Michael Olsson as the auditor in charge.

The meeting established the nomination procedure for the nomination committee in accordance with the proposal of the board of directors.

It was resolved, in accordance with the proposal of the board of directors, to authorise the board of directors to, until the next annual general meeting, with or without deviation from the shareholders’ preferential rights, on one or several occasions resolve to issue shares, convertible instruments and/or warrants which entails issuance, conversion or subscription for new shares corresponding to a dilution of a maximum of 10 percent of the share capital at the time of the resolution on the issue. The price per share shall be determined as an average of the market price during 30 days before the subscription. Payment may be made in cash and/or with a condition to pay in kind or by way of set-off, or other conditions. The authorisation shall primarily be used for the purpose of acquisitions or financing. The conditions shall be on market terms.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 705 851258
E-mail: sten@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.
Nasdaq First North Ticker Symbol: SF
Certified Adviser: Avanza Bank, phone +46 8 4094 2120

Interim Report January-March 2016

STILLFRONT GROUP AB (PUBL)

The Quarter january – march 2016

• Net revenues amounted to 25.3 MSEK (corresponding period 2015: 11.9 MSEK), which is an increase of 113% compared to the corresponding period 2015 and 29% compared to the previous quarter.
• Underlying EBITDA, i.e. EBITDA adjusted for expensed investments, amounted to 10.0 MSEK (4.8 MSEK), which is an increase of 111%. EBITDA amounted to 6.6 MSEK (3.0 MSEK).
• Profit/loss before tax was 4.7 MSEK (1.2 MSEK), which is an increase of 304%. Profit/loss after tax was 2.5 MSEK (0.9 MSEK).
• Earnings per share before dilution amounted to 0.51 SEK (0.31 SEK). Earnings per share after dilution amounted to 0.47 SEK (0.29 SEK)^[1].
• As of March 31 cash and cash equivalents amounted to 78.0 MSEK (6.5 MSEK).
• Sales of Unravel commenced February 9 and has been very satisfying.
• Coldwood is entering an agreement with Electronic Arts regarding the development of a sequel to Unravel.

An outstanding start of 2016

“2016 has started in an exceptionally strong way for Stillfront, and I look forward to a continued exciting year. Compared with the first quarter of 2015, Stillfront more than doubled sales. Our primary profitability metric, underlying EBITDA, increased 111% and profit before tax amounted to SEK 4.7 million. This growth has been completely organic!

The strong development is primarily based on the success of our German studio Bytro and our Swedish studio Coldwood, not least because of the acclaimed game Unravel.

Stillfront will continue to build on its PLEX strategy, which has proved successful so far. We will strive to accelerate our development further through strategic acquisitions.” says Jörgen Larsson, CEO.

Key figures, The Group

For further information, please contact:

Jörgen Larsson, CEO
+46-70-321 1800
jorgen@stillfront.com

Sten Wranne, CFO
+46-705-851258
sten@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.

Nasdaq First North Ticker Symbol: SF
Certified Adviser: Avanza Bank, phone +46 8 4094 2120

^[1] Number of shares after dilution includes shares to be issued as consideration to the sellers of Bytro Labs GmBH.

PRESS RELEASE
MAY 18, 2016

New adventures for Unravel’s Yarny from Coldwood and EA

Electronic Arts Inc (NASDAQ:EA) and Coldwood Interactive today announce the development of a sequel to Unravel to be developed by Coldwood Interactive for Electronic Arts. Coldwood Interactive is the studio behind Unravel – the highly acclaimed puzzle platformer game developed for EA, that was launched February 9, 2016. Unravel has received much praise and is particularly recognized for the beautiful graphics with stunning environments inspired by the nature of northern Sweden, its folk music inspired soundtrack and the heart warming story of Yarny. Yarny fans all over the world can now look forward to more exciting adventures for the little hero made out of yarn.

Coldwood Interactive is a wholly owned subsidiary to Stillfront Group AB (publ).

Christopher Holmberg, CEO, Coldwood Interactive, comments

” I am very proud that Coldwood has been given EA’s confidence to develop yet another exciting game. I am equally proud of the great work that the entire team at Coldwood has performed with the development of Unravel. I look forward to a continued productive cooperation with EA.”, Christopher Holmberg, CEO, Coldwood Interactive, comments.

Jörgen Larsson, CEO, Stillfront Group, comments

” I congratulate the entire team at Coldwood on the great success with Unravel. The fact that EA has chosen Coldwood as a partner in a new development project is proof that Coldwood is a truly outstanding studio.”, Jörgen Larsson, CEO, Stillfront Group, comments.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.

Nasdaq First North Ticker Symbol: SF
Certified Adviser: Avanza Bank, phone +46 8 4094 2120

PRESS RELEASE
MAY 16, 2016

Bytro Announces New World Empires

Stillfront’s studio Bytro Labs today announces the release of the game ‘New World Empires’. The game will be open to the public during the first week of June in an open beta. The game is developed and published by Bytro Labs based upon the proven huge successes Supremacy 1914 and Call of War and built on Bytro’s successful engine SUP. The development of New World Empires contains not only a grand strategy war game but also an entrance into a partly new category of games – exploration games – and therefor this opens up for a broader audience. Thus, significant investments have been made into the SUP engine in order to support exploration specific features of New World Empires.

Christopher Lörken, Managing Director, Bytro Labs, comments

” I am very proud of the quality and content of New World Empires. We are looking forward to the reaction of our current gamers as well as the new audience we will target with this new game. I am equally proud of the great work that the entire team at Bytro has performed with the development, and I look forward to a continued development of products to reach further market success to a broader target group several years to come.”, Christopher Lörken, Managing Director, Bytro Labs, comments.

Jörgen Larsson, CEO, Stillfront Group, comments

” I congratulate the entire team at Bytro on the great work with New World Empire. The Bytro team has excellent capabilities and expertise in developing and publishing state-of-the-art grand strategy games. New World Empires contains new elements that are very promising for continued success of Bytro. I am convinced New World Empires will strengthen Bytro’s and Stillfront’s market positions.”, Jörgen Larsson, CEO, Stillfront Group, comments.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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.

Nasdaq First North Ticker Symbol: SF
Certified Adviser: Avanza Bank, phone +46 8 4094 2120

PRESS RELEASE
MAY 9, 2016

Stillfront finalizes acquisition of Bytro Labs

Stillfront Group AB (publ) (“Stillfront”) finalizes its acquisition of Bytro Labs GmbH (“Bytro”). Stillfront acquired 51% of the shares in Bytro in 2013. In accordance with the acquisition agreement entered in 2013, Stillfront now completes the acquisition of the remaining 49% of the shares. The purchase price, based on Bytros sales and earnings in 2015, consists of a combination of a cash payment and shares in Stillfront. The board of Stillfront will convene an extraordinary meeting shortly, at which the meeting is to resolve on the issue of 560,724 new shares as the share component of the purchase price.

The acquisition is effective as of January 1, 2016. Stillfront consolidates 100% of Bytro’s results starting January 1, 2016.

The acquisition of the remaining 49% of the shares in Bytro will strengthen the pre tax profit attributable to the parent’s shareholders. This would in 2015 pro forma be strengthened by 2,787 KSEK.

Jörgen Larsson, CEO, comments

“We are very pleased with the development in Bytro both in terms of revenues and earnings, but also when it comes to development plans of the business. I congratulate the entire team at Bytro for the fantastic development it has shown since Stillfront acquired Bytro in 2013. Bytro accounts for the largest share of revenue in Stillfront and is an important piece of Stillfront’s future. Bytro is an example of a very successful acquisition in line with Stillfront’s acquisition strategy.” says Jörgen Larsson, CEO.

For additional information, please contact:

Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 70 585 12 58
E-mail: sten@stillfront.com

About Stillfront

Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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. Gladiators Online is an action management strategy game, launched on Steam in Q4 2015.

Nasdaq First North Ticker Symbol: SF
Certified Adviser: Avanza Bank, phone +46 8 4094 2120

PRESS RELEASE
April 19, 2016

Stillfront Publishes 2015 Annual Report

Stillfront Group AB (publ) is today publishing its Annual Report for 2015. The report is available at Stillfront’s web site www.stillfront.com/site/investor-relations/financial-reports .

The year in summary:

• Net revenues amounted to 57.1 MSEK (29.1 MSEK)
• Underlying EBITDA, i.e. EBITDA adjusted for expensed investments, amounted to 12.9 MSEK (2.3 MSEK).  EBITDA amounted to 4.0 MSEK (-8.2 MSEK)
• Profit/loss before tax was -4.5 MSEK (-23.8 MSEK). Profit/loss after tax was -6.3 MSEK (-23.8 MSEK)
• Earnings per share before dilution, amounted to -1.56 SEK (-8.89 SEK). Earnings per share after dilution amounted to -1.52 SEK (-8.53 SEK).
• As of December 31, cash and cash equivalents amounted to 73.5 MSEK (4.3 MSEK).
• The board proposes no dividend to be paid.

A very strong year
“2015 has been a very strong year for Stillfront. Sales increased by 96% and underlying EBITDA increased more than fivefold. The strong growth is explained mainly by a tremendous growth in the game Call of War from Bytro, but also by good profitability in Coldwood. The consistent work to implement our PLEX strategy has given the continued satisfactory results. The positive development of our business with a very successful new share issue and listing in the fourth quarter gives us a very solid platform for continued strong growth in 2016”, says Jörgen Larsson, CEO.

For additional information, please contact:
Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 70 585 12 58
E-mail: sten@stillfront.com

About Stillfront
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally. The main markets are Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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. Gladiators Online is an action management strategy game, launched on Steam in Q4 2015

Nasdaq First North Ticker Symbol: SF
Certified Adviser: Avanza Bank, phone +46 8 402 50 00

Notice
of annual general meeting in Stillfront Group AB (publ)

The shareholders of Stillfront Group AB (publ), reg. no. 556721-3078 (“Company”), are hereby convened to the annual general meeting on Wednesday 18 May 2016 at 11.00 am. The general meeting will be held at the offices of the law firm Advokatfirma DLA Piper Sweden KB at Kungsgatan 9 in Stockholm.

The right to participate at the general meeting etc.
Shareholders who wish to participate at the general meeting shall i) be registered in the share register kept by Euroclear Sweden AB no later than by Thursday 12 May 2016, as well as ii) notify the Company of their intention to participate at the general meeting no later than by Thursday 12 May 2016 by way of mail to Stillfront Group AB (publ), “Annual General Meeting”, Västra Trädgårdsgatan 15, 111 53 Stockholm or by e-mail to ir@stillfront.com.

To be entitled to participate at the general meeting, shareholders with nominee-registered shares through a bank or other nominee must temporarily register their shares in their own name with Euroclear Sweden AB. Shareholders requesting such registration must notify their nominee well before Thursday 12 May 2016, when such registration shall have been executed.

Kindly state in the notification name/company name, personal ID number/registration number, number of shares held and, when applicable, number of advisors which may not exceed two.

Shareholders who are represented by proxy should submit a power of attorney concurrently with the notice. The power of attorney shall be in writing, dated and signed. The original power of attorney shall be brought to the general meeting. Power of attorney forms are available on the Company’s webpage www.stillfront.com and sent free of charge to those shareholders who so request and state their postal address or e-mail. Representatives of legal entities shall also enclose a copy of the registration certificate or equivalent document which indicates the persons authorised to represent the legal entity.

Proposed agenda

1. Opening of the meeting
2. Appointment of the chairman for the meeting
3. Preparation and approval of the voting register
4. Approval of the agenda
5. Election of one or two persons to attest the minutes
6. Examination of whether the meeting has been duly convened
7. Presentation of annual report and the auditor’s report and consolidated accounts and income statements
8. Resolution on
   • adopting of the profit and loss statement and the balance sheet and consolidated profit and loss statement and balance sheets
   • allocation of the Company’s profit or loss according to the adopted balance sheet and
   • discharge from liability for the directors of the board and the managing director
9. Resolution to establish the remuneration for the directors of the board and the auditor
10. Resolution on the number of directors and deputy directors of the board to be appointed
11. Appointment of the board of directors
12. Appointment of auditor
13. Resolution on nomination committee
14. Resolution on authorisation for the board of directors to issue shares, convertible instruments and warrants
15. Closing of the meeting

Proposals for resolutions

Appointment of the chairman for the meeting (item 2)
It is proposed that Richard Folke, attorney at law, is appointed chairman of the general meeting.

Allocation of the Company’s result (item 8b)
The board of directors and the managing director propose that the general meeting resolves that the accumulated profit of SEK 137 244 708 shall be carried forward and that no dividend shall be paid.

Remuneration to the board of directors and the auditor (item 9)
Shareholders representing approximately 11.8 per cent of the votes in the Company propose that remuneration of SEK 88,600 shall be paid to the chairman of the board of directors and that remuneration of SEK 44,300 shall be paid to each of the other directors of the board.

A director of the board who is compensated by the Company due to employment shall not receive remuneration, neither from the parent nor any subsidiary.

Remuneration to the auditors shall be paid according to current approved account.

Appointment of the board of directors (items 10 and 11)
It is proposed that the board of directors shall consist of six directors without deputy directors.

Shareholders representing approximately 11,8 per cent of the votes in the Company propose re-election of Per Skyttvall,, Alexander Bricca, Jörgen Larsson and Fredrik Åhlberg as directors of the board, as well as election of Anette Brodin Rampe and Karsten Wysk as directors of the board. Max Bautin has informed that he is not available for re-election.

Appointment of auditor (item 12)
It is proposed that MAZARS SET Revisionsbyrå AB is re-appointed as the Company’s auditor. The auditing firm has declared that if the general meeting resolves in accordance with the proposal, Michael Olsson will be appointed as auditor in charge.

Resolution on nomination committee (item 13)
The board of directors proposes that the general meeting resolves that the nomination committee shall be appointed in accordance with the following principles.

The nomination committee shall consist of four members who shall be the chairman of the board of directors, one representative for each of the two largest shareholders based on number of votes who wish to appoint such representative, and one additional member who shall be independent in relation to major shareholders and the Company. The last-mentioned member shall be appointed by the chairman of the board and the two members appointed by the shareholders and shall be the chairman of the nomination committee. The nomination committee shall be composed based on the shareholder statistics from Euroclear Sweden AB on the last business day in September 2016 and other reliable shareholder information provided to the Company at this time. If a shareholder does not wish to appoint a representative, the shareholder that in terms of number of votes is next in line shall be given the opportunity to replace such shareholder. The chairman of the board convenes the nomination committee to its inaugural meeting. If a shareholder, which is represented in the nomination committee, is no longer among the two largest shareholders during the term of office, the representative appointed by such shareholder shall vacate its position and the shareholder that has become one of the two largest shareholders shall be offered to appoint a member of the Company’s nomination committee. However, minor changes do not need to be taken into consideration. A shareholder which appoints a representative to the nomination committee has the right to dismiss such member and appoint a new representative. Changes in the nomination committee shall be published on the Company’s webpage as soon as the changes have been made. It is proposed that the nomination committee shall, before the annual general meeting in 2017, prepare and draw up proposals for the election of chairman of the board of directors and other members of the board of directors, remuneration to the chairman and other members, election of auditor, remuneration to auditors and the principles for the appointment of the nomination committee. Remuneration shall not be paid to the members of the nomination committee. The nomination committee shall in connection with its work forward certain information to the Company in order for the Company to be able to fulfil its obligation to disclose information.   

Resolution to authorise the board of directors to issue shares, convertible instruments and warrants (item 14)
The board of directors proposes that the general meeting resolves to authorise the board of directors to, until the next annual general meeting, with or without deviation from the shareholders’ preferential rights, on one or several occasions resolve to issue shares, convertible instruments and/or warrants which entails issuance, conversion or subscription for new shares corresponding to a dilution of a maximum of 10 percent of the share capital at the time of the resolution on the issue. The price per share shall be determined as an average of the market price during 30 days before the subscription. Payment may be made in cash and/or with a condition to pay in kind or by way of set-off, or other conditions. The authorisation shall primarily be used for the purpose of acquisitions or financing. The conditions shall be on market terms.

A valid resolution by the general meeting requires that shareholders holding not less than two-thirds of both the votes cast and the shares represented at the general meeting vote in favor of the proposal.

Details of number of shares, votes and holding of own shares
The total amount of shares and votes in the Company at the time of issue of this notice was 5,006,583 shares. All shares carry equal voting rights. The Company does not hold any own shares.        

Documents
The annual report, auditor’s report and complete proposals in accordance with above will be available at the Company (address above) and on the Company’s webpage, www.stillfront.com, not less than three weeks before the general meeting. The aforementioned documents will be sent to those shareholders who so request and submit their postal address or e-mail.

Shareholders’ right to request information
Shareholders are reminded of their right pursuant to chapter 7, section 32 of the Swedish Companies Act to request that the board of directors and managing director provide information at the general meeting in respect of any circumstances which may affect the assessment of a matter on the agenda or any circumstances which may affect the assessment of the Company’s or a group company’s financial position. Information must be provided if it can take place without significant harm to the Company.

* * * * * *
Stockholm in April 2016
The board of directors of Stillfront Group AB (publ)

För ytterligare information, kontakta/ For additional information, please contact:
Jörgen Larsson, VD/CEO, Stillfront
Tel: +46 70 321 18 00
E-post: jorgen@stillfront.com

Sten Wranne, CFO, Stillfront
Tel: +46 70 585 12 58
E-post: sten@stillfront.com

Nasdaq First North kortnamn: SF/ Nasdaq First North Ticker Symbol: SF
Certified Adviser: Avanza Bank, telefon/phone +46-8-4094 2120

PRESS RELEASE
April 11, 2016

Stillfront reaches settlement with ScandCap

Stillfront Group AB (“Stillfront”) has entered into a settlement agreement with Scandcap AB (“ScandCap”). Stillfront and ScandCap entered into an agreement in 2012 concerning financial advisory in connection with Stillfront’s acquisition of Power Challenge Holding Limited, whereas up to 22,857 warrants with the right to subscribe for shares in Stillfront would be issued. The agreement is described in detail in the Company Description, available on www.stillfront.com. Furthermore, Stillfront and ScandCap entered into an agreement in 2014 regarding financial advisory related to acquisitions. This agreement is described in the Company Description. Under the agreement, ScanCap was entitled to a fee at the completion of Stillfront’s acquisition of Bytro Labs GmbH.

Stillfront and ScandCap have now reached a settlement regarding the two above agreements. The settlement means that a potential dilution of 22 857 shares is avoided. The settlement does not impact Stillfront’s net result.

For additional information, please contact:
Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 70 585 12 58
E-mail: sten@stillfront.com

About Stillfront
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally, however main markets include Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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. Gladiators Online is an action management strategy game, launched on Steam in Q4 2015.

Nasdaq First North Ticker Symbol: SF
Certified Adviser: Avanza Bank, phone +46 8 402 50 00

PRESS RELEASE

April 6, 2016

Stillfront: Continued growth in number of players, increased loyalty

Stillfront Group AB (“Stillfront”) currently has seven game titles, of which six are online games. In addition there is a number of long tail games. Stillfront continuously monitors the number of active users of the online games on a monthly basis (MAU – Monthly Active User) and daily basis (DAU – Daily Active User).

During the first quarter of 2016, the average number of MAUs was 278,037. The number of DAUs was 80,550 on average during the quarter. The corresponding figures for the first quarter of 2015 was 132,631 MAU and 50,196 DAU. Thus, the first quarter 2016 achieved an increase of 110% regarding the number of MAU and 66% regarding the number of DAU as compared with the first quarter of 2015.

During the fourth quarter of 2015 the average number of MAUs was 277,712 and the average number of DAUs was 74,161. During the first quarter of 2016 the number of MAUs was largely unchanged, there was however an increase in the number of DAUs by 9% as compared with the fourth quarter of 2015. The improved MAU / DAU ratio – often referred to as stickiness – indicate that the players who were recruited during the second half of 2015 demonstrate an increasing activity and loyalty. The above numbers pertain to the four largest games as ranked by revenues, i.e. Call of War, Supremacy 1914, ManagerZone Football and ManagerZone Hockey.

The MAUs and DAUs are All Time Highs for Stillfront’s portfolio.

Jörgen Larsson, CEO of Stillfront, comments:
“I am happy to note that our games are very attractive to our players, and that the share of daily recurring players has increased. The extensive investments made in user acquisitions during the fourth quarter of 2015 are now delivering results. I see this as as acknowledgement that our games offer entertainment to our players for a long period of time, which is exactly in line with Stillfront’s strategy.”

For additional information, please contact:
Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 70 585 12 58
E-mail: sten@stillfront.com

About Stillfront
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally, however main markets include Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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. Gladiators Online is an action management strategy game, launched on Steam in Q4 2015.

Nasdaq First North Ticker Symbol: SF

Certified Adviser: Avanza Bank, phone +46 8 402 50 00

PRESS RELEASE
26 February 2016

Avanza Bank new Certified Adviser for Stillfront Group

Stillfront Group AB (“Stillfront”) has appointed Avanza Bank AB as its Certified Advisor effective March 8, 2016. Up until that date, Pareto Securities will continue to act as Stillfront’s Certified Adviser.

For additional information, please contact:
Sten Wranne, CFO at Stillfront
Phone: +46 70 585 12 58
E-mail: sten@stillfront.com

About Stillfront
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally, however main markets include Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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 February 9 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. Gladiators Online is an action management strategy game, launched on Steam in Q4 2015.

Nasdaq First North Ticker Symbol: SF
Certified Adviser until March 7, 2016: Pareto Securities, phone +46 8 402 50 00
Certified Adviser from March 8, 2016: Avanza Bank, phone +46 8 4094 2120

Year End Report January – December 2015

STILLFRONT GROUP AB (PUBL)

Quarterly Report Oktober – December 2015

• Net revenues amounted to 19.7 MSEK (6.1 MSEK)
• Underlying EBITDA, i.e. EBITDA adjusted for expensed investments, amounted to 4.3 MSEK (-0.1 MSEK). EBITDA amounted to 1.5 MSEK (-3.2 MSEK).
• Profit/loss before tax was -1.3 MSEK (-12.6 MSEK). Profit/loss after tax was -2.2 MSEK (-12.6 MSEK).
• Earnings per share before dilution, amounted to -0.55 SEK  (-4.20 SEK) Earnings per share after dilution, amounted to -0.54 SEK  (-4.05 SEK)^[1].
• As of 31 December, cash and cash equivalents amounted to 73.5 MSEK (4.3 MSEK).
• A new share issue of 75 MSEK was completed and trading on Nasdaq First North commenced in December

Interim report January – December 2015

• Net revenues amounted to 57.1 MSEK (29.1 MSEK)
• Underlying EBITDA, i.e. EBITDA adjusted for expensed investments, amounted to 12.9 MSEK (2.3 MSEK).  EBITDA amounted to 4.0 MSEK (-8.2 MSEK)
• Profit/loss before tax was -4.5 MSEK (-23.8 MSEK). Profit/loss after tax was -6.3 MSEK        (-23.8 MSEK)
• Earnings per share before dilution, amounted to -1.56 SEK (-8,89 SEK). Earnings per share after dilution amounted to -1.52 SEK (-8.53 SEK).
• As of December 31, cash and cash equivalents amounted to 73.5 MSEK (4.3 MSEK).
• The board proposes no dividend to be paid.

A very strong year
“2015 has been a very strong year for Stillfront. Sales increased by 96% and underlying EBITDA increased more than fivefold. The strong growth is explained mainly by a tremendous growth in the game Call of War from Bytro, but also by good profitability in Coldwood. The consistent work to implement our PLEX strategy has given the continued satisfactory results. The positive development of our business with a very successful new share issue and listing in the fourth quarter gives us a very solid platform for continued strong growth in 2016”, says Jörgen Larsson, CEO.

Continued strong growth for the Stillfront Group

Key figures, the Group

^[1] Earnings per share have been calculated after the 7:1 consolidation of shares and completed withdrawal of shares.

PRESS RELEASE

January 13, 2016

Stillfront’s growth in number of players 33% in fourth quarter 2015

Stillfront Group AB (“Stillfront”) currently has seven game titles, of which six are online games. In addition there is a number of long tail games. Stillfront continuously monitors the number of active users of the online games on a monthly basis (MAU – Monthly Active User) and daily basis (DAU – Daily Active User).

During the fourth quarter 2015 the average number of MAUs was 277,712. The average number of DAUs was 74,161. The corresponding numbers for the third quarter 2015 were 209,377 and 55,857, respectively. The growth of MAUs during the quarter was 33% and the growth of DAUs was 33%. The above numbers pertains to the four largest games as ranked by revenues, i.e. Call of War, Supremacy 1914, ManagerZone Football and ManagerZone Hockey.

The MAU and DAU are All Time Highs for Stillfront’s portfolio.

Jörgen Larsson, CEO of Stillfront, comments:
“The growth in number of players is proof of Stillfront’s strategy to provide games with long longevity. Well structured marketing, along with thorough analysis and evaluation of marketing initiatives, also have contributed to the strong growth.”  

For additional information, please contact:
Jörgen Larsson, CEO at Stillfront
Phone: +46 70 321 18 00
E-mail: jorgen@stillfront.com

Sten Wranne, CFO at Stillfront
Phone: +46 70 585 12 58
E-mail: sten@stillfront.com

About Stillfront
Stillfront is an independent creator, publisher and distributor of digital games – with a vision to become one of Europe’s leading indie game creators and publishers. Stillfront operates through four near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, and Dorado Online Games in Malta. Stillfront’s games are distributed globally, however main markets include Sweden, Germany, the United States and South America. For further information, please visit www.stillfront.com.

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 is expected to be released in the first six months of 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. Gladiators Online is an action management strategy game, launched on Steam in Q4 2015.

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