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Stillfront Group AB: Stillfront finalizes acquisition of Bytro Labs


MAY 9, 2016

Stillfront finalizes acquisition of Bytro LabsStillfront 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

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

Sten Wranne, CFO at Stillfront
Phone: +46 70 585 12 58

About StillfrontStillfront 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

Selected gamesStillfront'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
andCall 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


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Stillfront Group AB via Globenewswire


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