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. - Seite 2

IBS Group Holding now announces that:

(a)    the Court of the Isle of Man has agreed to adjourn the Court Meeting to a later date;

(b)    the General Meeting will be held only for the purpose of adjourning the meeting to reflect the adjournment of the Court Meeting;

(c)    the Exchange Ratio will be amended such that, for each Scheme Security cancelled, holders of Scheme Securities will receive 0.95 shares in the capital of Luxoft Holding, Inc.; and

(d)    a revised circular and associated prospectus (following its approval by the BaFin) will be published in due course, pursuant to which an adjourned Court Meeting and the General Meeting will be convened, which documents will reflect the revised Exchange Ratio and an updated timetable of expected events.

IBS Group Holding has received indications from holders of the Scheme Securities, representing approximately 70% of the votes to be cast on the Scheme, that they intend to vote in favor of the Scheme, including from Fidelity Worldwide Investment, Genesis and Sberbank Asset Management.  

About IBS Group Holding Limited 

IBS Group Holding is a leading software development and IT services provider in Central and Eastern Europe. Through its two principal subsidiaries, Luxoft and IBS IT Services, it offers a wide variety of information technology services, such as software development and IT services outsourcing, IT infrastructure and business applications implementation. IBS Group Holding has business operations in Russia, Ukraine, Romania, Poland, Germany, Switzerland, the UK, the USA, Vietnam and Singapore. IBS Group Holding's Global Depositary Receipts are listed on the Regulated Market (General Standard) at the Frankfurt Stock Exchange (Bloomberg: IBSG:GR; Reuters: IBSGq.F)  

About Luxoft Holding, Inc 

Luxoft is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large, multinational corporations. Luxoft's services consist of core and mission critical software development and support, product engineering and testing, and technology consulting. Luxoft's solutions are based on its proprietary products and platforms that directly impact clients' business outcomes and efficiently deliver continuous innovation. Luxoft A Shares are listed  on the New York Stock Exchange (NYSE: LXFT US).