IBS Group Recommends Dividends for the Year Ended March 31, 2011

MOSCOW, August 4, 2011 /PRNewswire/ –

On August 3, 2011, the Board of Directors of the IBS Group Holding
Limited (“IBS Group”) have recommended a dividend of US$0.20 per share to be
paid for the FY2010 in order to further allow Company’s shareholders to
participate in its strong financial performance.

This distribution is subject to approval by shareholders at the Annual
General Meeting on September 2, 2011. The record date for dividends is 17
August 2010.

Anatoly Karachinsky, President of IBS Group, commented: “While remaining
on the growth path, IBS Group has decided to pay dividends for a second year
in a row on the back of solid 2010 results. Moreover, our Board of Directors
has recommended increasing dividend payments by 33% in comparison with 2009
in order to allow shareholders to benefit from Company’s success. Our
dividend policy reflects Group’s commitment to sustainable increase in
shareholders’ value”

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IBS Group is a leading software development and IT services provider in
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, IT outsourcing, business and IT consulting,
business applications implementation. IBS Group is headquartered in Russia
and has business operations in Russia, Canada, Germany, Romania, Poland,
Switzerland, the UK, Ukraine, the USA, Vietnam and Singapore. IBS Group
employs more than 7,355 people worldwide.

IBS Group’s Global Depositary Receipts are listed on the Regulated
Market (General Standard) at the Frankfurt Stock Exchange (Bloomberg:
IBSG:GR; Reuters: IBSGq.DE). IBS Group is majority-owned by management with
portfolio investors holding 35% of the Group’s share capital. For more
information on IBS Group, please visit http://www.ibsgr.com

        Investor contacts:
        Dmitry Ivanov
        Investor Relations Director
        tel: +7-495-967-8000
        fax: +7-495-967-8099
        mob: +7-916-618-4034

SOURCE IBS Group Holding Limited