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.

RAMSEY, Isle of Man, September 15, 2014 /PRNewswire/ --

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. 

--------------------------------------------------------------------------------------------------------------------------------------- 

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.

--------------------------------------------------------------------------------------------------------------------------------------- 

• 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 

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 Ratio"). Meetings to consider, and if thought fit, approve the Scheme (the "Court Meeting") and associated matters (the "General Meeting") were to be held on September 15, 2014.