IBS Group Member Expands Global Footprint With UK Development Facility Opening in Cooperation With Avaya

LONDON and MOSCOW, August 11, 2010 - Luxoft Company, member of IBS Group Holding Ltd (IBSG.DE, IBSG.F), a
leading global provider of advanced application and product development
services, today announced the opening of its technical development centre in
the UK. The new facility, located in Welwyn Garden City, near London, is a
significant investment in the company's growth strategy and further expansion
of its global delivery capabilities.

The Luxoft Development Centre has been set up to provide product
realisation services for large telecom equipment vendors. One of Luxoft's
major partners, Avaya, will help kick off the opening of the development
centre by continuing its relationship with Luxoft at the U.K. facility,
jointly working on the development of Avaya's IP Office product range.

Jayesh Govindarajan, Senior Director of Engineering, Avaya Inc. commented
on the opening of new centre: "We are pleased to be working with Luxoft's new
development centre to continue our development relationship. We have been
impressed with Luxoft's willingness to work with us in cost effectively
crafting specific co-development solutions."

Luxoft's Centre opens with a team of 33 highly skilled engineers, with
capacity for growth. With a larger presence in the U.K., Luxoft will be able
to better serve existing U.K-based customers such as Deutsche Bank, UBS and
Areva, as well as establish new partnerships in the region. The full
portfolio of services to be provided by the development centre include:
software engineering, complete product development, detailed trouble shooting
of equipment, as well as customer support services and account management for
UK-based customers.

Luxoft's Welwyn Garden City Development Centre compliments Luxoft's
current delivery sites located in Eastern Europe and Southeast Asia, enabling
the company to offer blended onshore / offshore delivery capabilities to
deliver highly skilled innovations and developments, cost effectively and
with a customer-centric approach.

"The opening of the U.K. development centre demonstrates our continued
commitment to providing our European and U.S. customers with engineering
development and outsourced customer support services to manage the complete
product lifecycle from ideation through sustaining engineering and first line
customer support," said Vasily Suvorov, vice president of technology strategy
at Luxoft.

About Luxoft

Luxoft, a member of the IBS Group is an emerging global leader in
application and product engineering outsourcing services for enterprise IT
organizations and software vendors. Luxoft builds lasting partnerships with
its clients, such as Boeing, IBM, Harman, Avaya, Areva, Sabre and other
global leaders, based on the culture of engineering excellence, innovation,
and deep domain expertise. Luxoft offers global delivery capability through
its network of state-of-the-art delivery centers in North America, Central &
Eastern Europe, and Asia. Luxoft`s customers benefit from the right mix of
technology skills, industry knowledge, best-of-breed processes and
methodologies, and a choice of engagement models.

Luxoft has been awarded the #1 position in the "Emerging European
Markets" category of the 2009 "Global Services 100" list. Company is also a
recipient of the Applied Innovation Award from the IAOP and Wipro, ITAA and
Forbes (together with Deutsche Bank).

Gamid Kostoev, GKostoev@IBS.RU, +7-495-967-8000

Gamid Kostoev, GKostoev at IBS.RU, +7-495-967-8000