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

Jul 08, 2010, 02:29 ET from IBS Group Holding Ltd

MOSCOW, July 8, 2010 /PRNewswire-FirstCall/ -- 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

    Dmitry Ivanov
    Director, Investor Relations

SOURCE IBS Group Holding Ltd