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IBS Group Subsidiary Reports Results for Three Months Ended June 30, 2013

Ramsey, the Isle of Man, August 13, 2013 - Luxoft Holding, Inc, a subsidiary of IBS Group Holding Limited ("IBS Group"), announced results for the three months ended June 30, 2013.

Highlights

  • US GAAP revenue amounted to $83.8 million, an increase of 18% year over year.
  • Earnings before interest, taxes, depreciation and amortization (EBITDA) adjusted for stock based compensation was $14.4 million and EBITDA margin was 17.1%, compared to $9.8 million and 13.8% in the year-ago quarter.
  • Diluted earnings per share (EPS) on a US GAAP basis was $0.32, compared to $0.17 in the year-ago quarter.
  • Diluted EPS on a non-GAAP basis was $0.36, compared to $0.23 in the year-ago quarter.

For more information please visit http://investor.luxoft.com/press-release/luxoft-holding-inc-reports-results-three-months-ended-june-30-2013-0

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 8,500 people worldwide. In the year ended March 31, 2013, the Group reported US GAAP consolidated revenues of USD870.3 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 www.ibsgr.com or 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.2963)
ebeshizhko@ibs.ru

Disclaimer
The information contained in this press release is not for publication, distribution or release, directly or indirectly, in any jurisdiction where such publication, disclosure or release would be unlawful.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.

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