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Starbreeze AB: Starbreeze acquires Visual Effects Studio and PresenZ technology creator Nozon for 7.1 MEUR

STOCKHOLM, SWEDEN (October 25, 2016) Starbreeze AB, an independent
creator, publisher and distributor of high quality entertainment
products, today announced its acquisition of the Belgian Visual
Effects (VFX) studio and PresenZ technology creator Nozon, for a
total consideration of 7.1 MEUR, whereof 4.6 MEUR (approximately 44.6
MSEK) in cash and 2.5 MEUR in newly issued Starbreeze B-shares.

In addition, the parties have agreed on a capped ten-year earn-out for
Nozon founders based on PresenZ future financial performance, taking
effect after Starbreeze has recouped 2 MEUR of its investment. During
the earn-out period, Starbreeze will pay a percentage on certain of
its revenues benefitting from the PresenZ technology.

Since 1998, Nozon has steadily grown to become a well-known, award
winning and established reference in VFX quality thanks to the
company's artistic approach and strong R&D development. Clients trust
Nozon every day to achieve complex VFX and 3D animation in their

Further innovating and honing their skills, Nozon in 2015 introduced
PresenZ, a revolutionary technology for immersive virtual reality
(VR) movies. PresenZ allows for interactive parallax in virtual
reality and delivers high quality blockbuster computer graphics (CG)
with true immersive feeling. Interactive parallax is a technique to
enhance viewers' perception of perspective and view depth, adding to
the immersive feeling.

By joining the Starbreeze family, Nozon will instantly be part of
Starbreeze technology offering and a solid part of the VR ecosystem.

"PresenZ technology for multiple virtual reality applications will
allow for room scale scanning and virtualization, and high quality
computer graphics rendering at almost movie level polygon counts. The
technology's parallax capabilities will greatly complement the high
fidelity of the StarVR HMD with its 210-degree field of view," said
Starbreeze CEO Bo Andersson Klint. "The future of VR is undefined but
it is easy to imagine with this technology, where a space can be
scanned and rendered in high quality CGI, the applications where you
could render a space like the Louvre in Paris or Saint Mark's
Basilica in Venice, and provide interactive guided tours.
Additionally, one could potentially use computer graphic assets from
a blockbuster Hollywood movie to create a cinematic VR experience."

To complete the deal, the Board resolved to issue 1,048,842 B-shares
under its mandate from the AGM, based on a market share price
determined at SEK 23.1 and an exchange rate of 9.6913. The issue
represents 0.3% of the capital and 0.1% of the votes on a fully
diluted basis. After the transaction, the total number of B-shares in
Starbreeze is 218,382,124.

The founders of Nozon will have industry standard lock-in agreement
attached to the shares, equally distributed over three years. The
ongoing VFX business of Nozon will have a limited but positive impact
on Starbreeze revenue and profit from day one. In 2015, Nozon had
revenues of 2.3 MEUR.


Media assets:

Nozon acquisition announcement video on YouTube:

For more information, please contact:

Maeva Sponbergs, EVP of Communication and Head of Investor Relations,
Starbreeze AB

Tel: +46(0)8-209 208, email:
This information is information that Starbreeze AB 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 8:15 CET on October 25, 2016.

About Starbreeze

Starbreeze is an independent creator, publisher and distributor of
high quality entertainment products. With studios in Stockholm, Paris
and Los Angeles, the company creates games and other virtual reality
entertainment products, based on proprietary design and licensed

Starbreeze's most recent games include PAYDAY 2® , the upcoming John
Wick VR shooter and upcoming survival co-op FPS OVERKILL's The
Walking Dead. Under its publishing initiative, Starbreeze has
together with Canadian studio Behaviour Digital successfully launched
horror thriller Dead by Daylight.

Starbreeze has set out to develop truly immersive virtual reality
experiences, by integrating software and hardware in its StarVR® head
mounted display, to be produced together with Acer, displaying a
unique field of view and a mission to bring top-end VR to large
audiences. Together with IMAX, Starbreeze aspires to dominate the
location based VR market with the IMAX VR centers, set to premiere in
its first location in Los Angeles during 2016.

Headquartered in Stockholm, Sweden, Starbreeze's shares are listed on
Nasdaq Stockholm First North Premier under the tickers STAR A and
STAR B with the ISIN-codes SE0007158928 (A-share) and SE0005992831
(B-share). Remium Nordic is the company's Certified Adviser. For more
information, please visit,,


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