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Stillfront Group AB: Stillfront reaches settlement with ScandCap


April 11, 2016

Stillfront reaches settlement with ScandCapStillfront 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 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

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

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

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
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 8 402 50 00


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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