PRESS RELEASE
October 10, 2018

Stillfront Group resolves on new issue in kind in advance of the acquisition of Imperia Online JSC

Stillfront Group AB (publ) ("Stillfront") today announces that the board of directors, pursuant to authorization granted by the annual general meeting on 30 May, 2018, which was registered with the Swedish Companies Registration Office on 11 June, 2018, has resolved on an issue in kind of 269,412 new shares in Stillfront. The resolution has been adopted in accordance with the share purchase agreement which Stillfront entered into regarding its acquisition of 100% of the shares in Imperia Online JSC ("Imperia Online" or the "Company"), which has previously been announced through a press release on 21 September 2018. The right to subscribe for the shares is, pursuant to the share purchase agreement and the board resolution, only offered to the sellers of Imperia Online, jointly referred to as the "Sellers". Payment of the new issued shares shall be made by way of the Sellers' contributing in kind all of the shares in Imperia Online.

The completion of the new share issue is dependent on that the contribution in kind of the shares in the Company is made to Stillfront in connection with the closing of the acquisition which is expected to occur around 11 October 2018.

Upon completion of the acquisition, EUR 10,000,000 will, according to the share purchase agreement, be paid to the Sellers, of which approximately EUR 5,000,000 is payable in cash and the remaining approximately EUR 5,000,000 is payable in 269,412 newly issued shares in Stillfront, which the board of directors of Stillfront has now resolved upon. The number of newly issued shares in Stillfront has been based upon the average price per share in Stillfront traded on the Nasdaq First North exchange during the 30 days preceding 21 September 2018 which was approximately SEK 195.53 and the average exchange rate for the corresponding period were 1 EUR corresponds to approximately SEK 10.54.

Through the new share issue, Stillfront's share capital will increase by SEK 188 588.40 to SEK 16,535,628.90. The number of shares will following the new share issue be 23,622,327. The dilution effect of the new share issue is therefore approximately 1.14% on a fully diluted basis (i.e. based on the total number of shares and votes outstanding after the share issue).

FOR ADDITIONAL INFORMATION, PLEASE CONTACT:

Sofia Wretman, IR, Stillfront Group
Phone: +46 70 811 64 30
E-post: sofia@stillfront.com

ABOUT STILLFRONT

Stillfront is a group of independent creators, publishers and distributors of digital games - with a vision to become the leading group of indie game creators and publishers. Stillfront operates through nine near-autonomous subsidiaries: Bytro Labs in Germany, Coldwood Interactive in Sweden, Power Challenge in the UK and Sweden, Dorado Online Games in Malta, Simutronics in the United States, Babil Games in UAE and Jordan, eRepublik in Ireland and Romania, OFM Studios in Germany and Goodgame Studios in Germany.

Stillfront's games are distributed globally. The main markets are Germany, the United States, France, UK and MENA. For further information, please visit www.stillfront.com.

SELECTED GAMES

Stillfront's portfolio includes games across multiple platforms. Unravel and Unravel Two are widely acclaimed console games developed by Coldwood in collaboration with Electronic Arts. Supremacy 1914 and Call of War are high-immersion war strategy games developed by Bytro Labs. ManagerZone is a sports management strategy game launched in 2001. DragonRealms and GemStone IV are MUD-style games with a very loyal player base. Siege: Titan Wars(TM) is a popular mobile game developed by Simutronics. Nida Harb III and Admiral are mobile strategy games with very strong player bases, which are published by Babil Games. World at War: WW2 and War and Peace: Civil War are a successful mobile strategy games developed and published by eRepublik Labs. Online Fussball Manager is a leading sports management game. EMPIRE and BIG FARM are major brands operated by Goodgame Studios.

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

The information was submitted for publication, through the agency of the contact persons set out above, at 4.00 p.m. CEST on 10 October 2018.