Change of Stock Exchange Ticker for IBS Group GDRs to "IBSG"

MOSCOW, July 8, 2010 - IBS Group Holding Limited (hereinafter the "Group" or "IBS Group") has
resolved to change the ticker of its GDRs on the Frankfurt Stock Exchange,
the XETRA trading platform and in other trading systems.

Starting from July 5, 2010 IBS Group depositary receipts (ISIN
US4509391037, WKN A0MJ2Z) will be assigned the following ticker: IBSG.

The old ticker (ZY71) will no longer be used. All information on the
company in public sources will be transferred to respective trading and
information system profiles for the new ticker. Effecting those changes is a
technical procedure and will under no circumstances require additional action
by holders of IBS Group GDRs.

We hope that the new stock exchange ticker will be easier to remember and
simplify company information search for investors.

For your convenience please be informed of the new ticker in Bloomberg -
IBSG:GR, and in Reuters - IBSGq.DE.

About IBS Group

IBS Group is the leading Russian IT company. Through two principal
subsidiaries, IBS IT Services and Luxoft, it provides a wide variety of
information technology services, such as business and IT consulting, business
applications implementation, IT outsourcing and software development. IBS
Group is headquartered in Russia and has business operations in Russia,
Canada, Germany, Romania, Switzerland, the UK, Ukraine, the USA, and Vietnam.
IBS Group employs more than 6,000 people worldwide. In 2009 financial year,
IBS Group reported preliminary US GAAP revenues of $505m.

IBS Group's Global Depositary Receipts (GDRs) are listed on the Open
Market at the Frankfurt Stock Exchange (Bloomberg: IBSG:GR; Reuters:
IBSGq.DE). IBS Group is majority-owned by management; institutional investors
hold 35% of the Group's share capital.

    Gamid Kostoev
    Director, Corporate Communications
    Tel.+7(495)967-8080
    Mobile+7(903)720-6078
    Fax+7(495)967-8081
    E-mailgkostoev@ibs.ru

    Dmitry Ivanov
    Director, Investor Relations
    Tel.+7(495)-967-8087
    Mobile+7(916)618-4034
    Fax+7(495)-967-8099
    E-maildvivanov@ibs.ru

Gamid Kostoev, Director, Corporate Communications, Tel. +7(495)967-8080, Mobile +7(903)720-6078, Fax +7(495)967-8081, E-mailgkostoev at ibs.ru; Dmitry Ivanov, Director, Investor Relations, Tel.+7(495)-967-8087, Mobile+7(916)618-4034, Fax+7(495)-967-8099,
E-maildvivanov at ibs.ru