Shareholders of the IBS Group approved Dividends for the Financial Year Ended March 31, 2011

The Isle of Man, 5 September 2011 – Annual Shareholders Meeting of the IBS Group Holdings Limited  (IBSG:GR; IBSGq.DE) approved dividends for the financial year ended March 31, 2011

On September 2nd 2011 shareholders of the IBS Group Holdings Limited (“IBS Group”) approved the remendation of the Board of Directors to increase dividends to US$0.20 per share for the financial year ended March 31, 2011, an increase of 33% from the previous financial year. All shareholders and GDR holders of the Group as of the record date of August 17, 2011 have the right to receive dividends.

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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 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 www.ibsgr.

Investor contacts:

Dmitry Ivanov

Investor Relations Director

tel: +7 (495) 967 8000

fax: +7 (495) 967 8099

mob: +7 (916) 618 4034