Luxoft : Invests in Warsaw Adding New IT jobs in Poland

New York, NY, May 30, 2016--Luxoft Holding, Inc (NYSE:LXFT), a leading provider of software development services and innovative IT solutions to a global client base, today announced it has opened a delivery center in Warsaw, Poland. This new location will provide additional software development capabilities for Luxoft's key customers in the banking industry.

The Company is rated among the fastest growing employers in Poland, according to Computerworld's Top 200 ranking developing centers in Krakow, Wroclaw and Gdansk. In April 2016, the Company announced that it had more than 2,000 employees in Poland, which is approximately a fifth of all the specialists Luxoft employs globally. Luxoft has been present in the country since 2010.

'Opening this center in Poland's capital is a natural progression of our sustained commitment to growing IT sector in the country,' said Przemysław Berendt, Global Vice President Marketing, at Luxoft. 'Warsaw is the heartbeat of legislative decision making and vital business processes. It has a vast talent pool of seasoned programmers and numerous cultural and geographic benefits, which our clients should appreciate. We believe that Luxoft's brands, employer reputation and the quality of work that we offer to local professionals will be helpful in harnessing the best talent in the competitive employment market in Warsaw.'

Over the course of financial year 2015, Luxoft tripled its workforce in Poland, which became a leading location for Luxoft in Central and Eastern Europe.

Career and Global Opportunities for Top Talent

Luxoft's center in Warsaw will aim to attract mainly specialists with four to five years of professional experience and talented managers. The Company also plans to hire talented graduates.

'Over the last five years, together with our employees, we have implemented a number of innovative ideas, which we believe make Luxoft one of the best places to work,' said Wojciech Mach, Managing Director, Luxoft Central Europe. 'Now, we want to bring our good practices to Warsaw. We plan to employ .Net, Java, C++ programmers, QA specialists and business analysts. They will be joined by talented graduates from Polish universities, as participants of our junior corporate program. Career development possibilities and a unique atmosphere are the biggest advantages of working for Luxoft. Our range of core competencies includes cloud services, big data, business intelligence, data warehousing and development of various software solutions. Each year we bring to Poland more and more advanced international IT projects.'

Plans for Luxoft's center in Warsaw include hiring not only local specialists, but also those from other regions of the country moving them to that urban area by offering relocation packages that include financial support, assistance in housing and various governmental incentives to enhance this process. The Company also offers a referral program for both Luxoft employees and non-employees, with financial rewards for placement. Furthermore, professionals working for the Company have an opportunity to grow within its global structure. Qualified employees with at least one year of work experience at Luxoft can apply for relocation and a new position within the Company's global locations in North America, Europe, Asia Pacific and Africa.

Going an Extra Mile

Luxoft already has several delivery centers in Poland: Krakow, Wroclaw, and Tricity, all of which have grown substantially since inception. Rapid pace of growth of these delivery centers is due not only to demand of global and European enterprises for this nearshore destination but also due to the culture Luxoft has been cultivating for many years in all of its 33 offices worldwide. Luxoft Poland makes every effort to establish itself as an employer of choice offering endless possibilities for young adults who would like to build their careers cultivating their expertise working for global banks, such as UBS or Credit Suisse. Starting from innovative recruitment campaigns, which pique candidates' interest, to participation in cultural, corporate and social responsibility events, the Luxoft team strives to bring a multi-cultural flavor, fun and good energy that appeal to IT job seekers across the country.

About Luxoft

Luxoft Holding, Inc (NYSE:LXFT) 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 software development services consist of core and mission critical custom 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 its clients' business outcomes and efficiently deliver continuous innovation. The Company develops its solutions and delivers its services from 28 dedicated delivery centers worldwide. It has over 11,000 employees across 33 offices in 17 countries in North America, Mexico, Western and Eastern Europe, Asia Pacific, and South Africa. Luxoft is incorporated in Tortola, British Virgin Islands, has its operating headquarters office in Zug, Switzerland and is listed on the New York Stock Exchange. For more information, please visit http://www.luxoft.com

Forward-Looking Statements

This news release of Luxoft Holding, Inc ('Luxoft') contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as 'believe,' 'may,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'should,' 'plan,' 'expect,' 'predict,' 'potential,' or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading 'Risk Factors' in Luxoft's Annual Report on Form 20-F for the year ended March 31, 2015 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.

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Contact:

Luxoft Holding, Inc
Alina V. Plaia, +1 212-964-9900 ext. 2404
Vice-President, Global Communications
IR@luxoft.com
or
Robin Carley, +1 212-964-9900 ext. 2267
Manager, Public Relations
rcarley@luxoft.com