Luxoft Holding, Inc Announces Launch of Initial Public Offering

British Virgin Islands, Caribbean

12/06/2013 — TORTOLA, British Virgin Islands — (BUSINESS WIRE)

Luxoft Holding, Inc announced today that it has commenced an initial public offering of 4,092,070 Class A ordinary shares pursuant to a registration statement on Form F-1 filed with the U.S. Securities and Exchange Commission. Luxoft will be offering 2,046,035 Class A ordinary shares, and another 2,046,035 Class A ordinary shares will be offered by its parent, IBS Group Holding Limited. The underwriters will be granted a 30-day over-allotment option to purchase up to 306,095 additional Class A ordinary shares from Luxoft and 306,095 additional Class A ordinary shares from the selling shareholder to cover over-allotments, if any.

UBS Limited, Credit Suisse Securities (USA) LLC, J.P. Morgan Securities LLC, VTB Capital plc and Cowen and Company, LLC are the joint bookrunning managers for the proposed offering. A copy of the preliminary prospectus related to the offering may be obtained when available from UBS Securities LLC, by telephone at 1-888-827-7275 or by mail at Attention: Prospectus Department, 299 Park Avenue, New York, NY 10171; from Credit Suisse Securities (USA) LLC, by telephone at 1-800-221-1037, by mail at Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by email at; from J.P. Morgan Securities LLC, by telephone at 1-866-803-9204 or by mail at Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717; from VTB Capital plc by telephone at +1 646-527-6313 or by mail at 452 Fifth Avenue, 23rd Floor, New York NY 10018; or from Cowen and Company, LLC, by telephone at 1-631-274-2806 or by mail at Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717.

A registration statement relating to these securities has been filed with the United States Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Luxoft

Luxoft is a leading provider of software development services and innovative IT solutions to a global client base consisting primarily of large multinational corporations. Luxofts software development services consist of core and mission critical custom software development and support, product engineering and testing, and technology consulting. Luxofts solutions are based on its proprietary products and platforms that directly impact its clients business outcomes and efficiently deliver continuous innovation.


Investor Relations:
Luxoft Holding, Inc
Alina V. Plaia, +1-212-964-9900, ext. 2404
Head of External Communications

KEYWORDS: Virgin Islands (British) Caribbean

INDUSTRY KEYWORDS: Technology Software Communications Public Relations/Investor Relations