IBS Group Recommends Dividends for the Year Ended March 31, 2012

Aug 03, 2012 (12:08 PM EDT)

RAMSEY, The Isle of Man, August 3, 2012 /PRNewswire/ --

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IBS Group Holding Limited, a leading software development and IT services provider in Central and Eastern Europe announces that on August 2, 2012, the Board of Directors of the IBS Group Holding Limited have recommended a dividend of USD0.96 per share to be paid for the financial year ended March 31, 2012 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 5, 2012. The record date for dividends is August 14, 2012.

About IBS Group Holding Limited

IBS Group is a leading software development and IT services provider in Central and 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 and IT services outsourcing, IT infrastructure and business applications implementation. IBS Group has business operations in Russia, Ukraine, Romania, Poland, Germany, Switzerland, the UK, the USA, Vietnam and Singapore. IBS Group employs more than 8,000 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.F).

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The information contained in this press release is not for publication, distribution or release, directly or indirectly, in any jurisdiction where such publication, disclosure or release would be unlawful. This press release does not constitute an offer for the sale of securities in the United States of America, Canada, Australia, Japan or any other jurisdiction in which an offer would be subject to legal restrictions.

SOURCE IBS Group Holding Limited