Zug, SWITZERLAND -- 28 February, 2018 -- Luxoft Holding Inc (NYSE:LXFT), a global IT service provider, today announced that starting from March 1, 2018 Bogdan Pelinescu will become its Managing Director for Central Europe.

Bogdan Pelinescu has been Managing Director for Luxoft Romania since 2011. He has more than 20 years of software engineering experience including eleven in management. Prior to joining Luxoft, Pelinescu worked in ITC Networks team from 2000 – 2008. He holds a Bachelor of Science degree in Computer Science from the Polytechnic University in Bucharest and a Ph.D. in Economics from INCE, Romanian Academy.

“We are happy to see Bogdan promoted to Managing Director. Under his leadership, our center in Romania has grown substantially. The business has also expanded with a range of new clients joining. As a result, it has become one of our most mature delivery centres supporting multiple industries,” said Dmitry Kushnir, Luxoft's Vice President for Global Delivery. “Bogdan’s extensive experience will support each one of our Central European locations, helping them continue to provide an industry leading services to our clients.”


About Luxoft

Luxoft (NYSE:LXFT) is a global IT service provider of innovative technology solutions that delivers measurable business outcomes to multinational companies. Its offerings encompass strategic consulting, custom software development services, and digital solution engineering. Luxoft enables companies to compete by leveraging its multi-industry expertise in the financial services, automotive, communications, and healthcare & life sciences sectors. Its managed delivery model is underpinned by a highly-educated workforce, allowing the Company to continuously innovate upwards on the technology stack to meet evolving digital challenges.

Luxoft has more than 13,100 employees across 41 offices in 20 countries within five continents, with its operating headquarters office in Zug, Switzerland. For more information, please visit the website.


Forward-Looking Statements

This news release of Luxoft Holding, Inc (“Luxoft”) contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements include information about possible or assumed future results of our business and financial condition, as well as the results of operations, liquidity, plans and objectives. In some cases, you can identify forward-looking statements by terminology such as “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. These statements are subject to, without limitation, the risk factors discussed under the heading “Risk Factors” in Luxoft’s Annual Report on Form 20-F for the year ended March 31, 2017 and other documents filed with or furnished to the Securities and Exchange Commission by Luxoft. Except as required by law, Luxoft undertakes no obligation to publicly update any forward-looking statements for any reason after the date of this news release whether as a result of new information, future events or otherwise.

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