Swedish Game Studio Acquires Vobling to Become the Nordic Region's Leading Publicly Listed AR/VR Company

STOCKHOLM,Oct. 29,2018 -- Bublar Group (BUBL MTF),a publicly listed Augmented Reality (AR) gaming studio,has acquired the Swedish AR/VR companyVobling with offices in Stockholm and Manila,Philippines. Through the acquisition,Bublar Group and Vobling become the largest publicly listed AR/VR solutions company in the Nordic region,strengthening their position in the B2B market.

"The AR/VR market is growing rapidly," says Magnus Granqvist,CEO of Bublar Group. "Through this acquisition,we strengthen our gaming studio with state-of-the art knowledge,production resources and the ability to capture opportunities from the corporate market. Together,we will work towards the goal of becoming the leading AR/VR company in Europe."

The deal values Vobling at approximately $5.5M in a combination of stock and cash. The expanded team will strengthen production capacity for the companies' corporate customers and gaming portfolio,including the AR-based Hello Kitty game. The anticipated game,based on the popular portfolio of characters owned by Japan-based Sanrio,will be released in 2019.

"We are proud of the competent,profitable and fast-growing company we have built," says Anders Ribbing,CEO of Vobling. "The industry is now on the cusp of major breakthroughs in AR/VR technology,evidenced by growing demand for our products and services. The synergies with Bublar will serve to increase our joint potential."

As part of the acquisition terms,Vobling becomes a subsidiary of Bublar and will act under the Vobling brand. To date,Vobling has completed projects within education,gaming and entertainment,marketing,real estate and transportation based on AR/VR and NUI (Natural User Interfaces).

For images and more information,please visit: http://www.bublar.com or http://www.vobling.com

About Vobling

Vobling AB,founded in 2015,is a solutions and consulting company and studio providing the B2B market with AR/VR solutions,development in 3D visualization and game engines. The company has offices in Stockholm and Manila,Philippines,with a wide range of clients.

About Bublar Group

Founded in 2015,Bublar Group AB (publ) is a Swedish technology and games development company with a mission to merge the real and imaginary worlds using augmented reality. Its proprietary software platform blends augmented reality (AR) with geolocation supporting millions of users in real-time. Bublar recently launched the immersive AR boxing game,"Glowing Gloves",the first mobile sports PvP-game to leverage Apple's motion tracking technology. The beta-version is available for download on the AppStore.

Bublar Group AB (publ) is listed on the Nordic Growth Market (NGM) (NGM: BUBLMTF,ISIN:SE0010270793),a regulated exchange,authorized by the Swedish Financial Supervisory Authority. NGM is a wholly-owned subsidiary ofBoerse Stuttgart,a German exchange.For more information please visithttp://www.bublar.com

Contact

Magnus Granqvist,CEO Bublar Group AB (publ),e-mail:magnus.granqvist@bublar.com

or Anders Ribbing,CEO Vobling AB,e-mail: anders.ribbing@vobling.com,+46-733-311-776

BUBLAR GROUP AB (publ),Skeppargatan 8,SE-114 52 STOCKHOLM,SWEDEN,Phone: +46(0)8-559-251-20