IBS Group Expands Global Footprint with Second Luxoft Delivery Centre in Poland

   IBS Group Expands Global Footprint with Second Luxoft Delivery Centre in

  PR Newswire

  RAMSEY, The Isle of Man, January 22, 2013

RAMSEY, The Isle of Man, January 22, 2013 /PRNewswire/ --

    Please refer to relevant legal information at the end of the document

IBS Group, a leading software development and IT services provider in Central
and Eastern Europe, announces that Luxoft, a member of IBS Group, has opened a
second delivery centre in Poland, its 19th worldwide.

Located in Wroclaw, the new facility will offer a comprehensive range of
application and product development services for large firms and software
companies, and will specialise in providing solutions to the banking and
financial services sector.

Poland is Luxoft's fourth-largest global delivery location. The company is
building on the successful experience of its first Polish delivery centre,
opened in Krakow in 2010, and is on track to become one of the country's
largest IT companies. The new office plans to hire 100 engineers in the next
12 months, and management expects to increase staff numbers to 750 over the
next two years.

Luxoft will benefit from Poland's deep pool of highly skilled, multilingual IT
engineers, as well as the country's strategic location relative to major
European cities and its economic stability. The Wrocław centre will be headed
by Wojciech Mach, who has many years' experience of launching, developing and
managing businesses.

Wojciech Mach ,  Managing Director ,  Luxoft  Poland ,  said:  " We have
been very pleased with Luxoft ' s success in building its software development
and delivery practice in  Poland ,  and look forward to developing the 
Wrocław  centre into another dedicated delivery location bringing our clients
the benefits of our engineering excellence and expertise.

" Poland is rapidly becoming a strategically important location for Luxoft.
The country ' s culture and educational system complement those of Luxoft ' s
other global centres ,  and offer a good fit for the company ' s core culture
of innovation and flexibility. "

About IBS Group Holding Limited

IBS Group 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 has business operations in
Russia, Ukraine, Romania, Poland, Germany, Switzerland, the UK, the USA,
Vietnam and Singapore. IBS Group employs more than 8,300 people worldwide. In
the year ended March 31, 2012, the Group reported US GAAP consolidated
revenues of USD816.3 million. IBS Group's Global Depositary Receipts are
listed on the Regulated Market (General Standard) at the Frankfurt Stock
Exchange (Bloomberg: IBSG:GR; Reuters: IBSGq.F)

For more information about IBS Group please visit http://www.ibsgr.com


The information contained in this press release is not for publication , 
distribution or release ,  directly or indirectly ,  in any jurisdiction
where such publication ,  disclosure or release would be unlawful. This press
release does not constitute an offer for the sale of securities in the United
States of America ,  Canada ,  Australia ,  Japan or any other jurisdiction
in which an offer would be subject to legal restrictions.

Contact: Investor Relations: Andrei Novikov, IR Director, tel:
+7-(495)-967-8000 (ext.3095), anovikov@ibs.ru. Media Relations: Ekaterina
Beskhizhko, PR Manager, tel: +7-(495)-967-8080 (ext.2363), ebeshizhko@ibs.ru
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