DGAP-Adhoc

IBS Group Holding Limited: IBS Group Holding proposes a revision of the Exchange Ratio and timetable of the Scheme of Arrangement relating to an exchange of shares and GDRs in IBS Group Holding for shares in Luxoft Holding, Inc.

IBS Group Holding Limited / Key word(s): Miscellaneous

15.09.2014 08:57

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG. The issuer is solely responsible for
the content of this announcement.

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO
OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

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IBS Group Holding proposes a revision of the Exchange Ratio and timetable
of the Scheme of Arrangement relating to an exchange of shares and GDRs in
IBS Group Holding for shares in Luxoft Holding, Inc.

- Adjournment of the court-convened meeting and a general meeting in
connection with the implementation of the Scheme of Arrangement

- Revision of the Exchange Ratio to 0.95 shares in Luxoft Holding, Inc.
for each GDR and certain shares in IBS Group Holding

Ramsey, Isle of Man, September 15, 2014 ( IBS Group Holding Limited ("IBS
Group Holding") today announces certain changes to the proposals to
reorganize the IBS group (the "Proposals") by means of a scheme of
arrangement under Section 157 of the Isle of Man Companies Act 2006 (the
"Scheme"). The details of the Proposals were set forth in a circular posted
to the holders of Scheme Securities (as defined below) on August 4, 2014
(the "Circular") and in a securities prospectus dated August 4, 2014 as
amended and supplemented by Supplement No. 1 dated August 21, 2014
(together the "Prospectus") published for purposes of implementing the
Scheme in Germany and Austria. Pursuant to the Proposals holders of the
global depositary receipts of IBS Group Holding (the "IBS Group GDRs"),
listed on the regulated market of the Frankfurt Stock Exchange (general
standard) (ISIN: US4509391037), and issued and outstanding shares in IBS
Group Holding other than the shares held by BXA Investments Ltd and Croyton
Limited (the "Scheme Shares", and together with the IBS Group GDRs the
"Scheme Securities") would receive, for each Scheme Security cancelled
pursuant to the Scheme, 0.90 shares in Luxoft Holding, Inc. (the "Exchange