Final Award in the IFS Sri Lanka legal dispute

As reported previously, IFS has since 2002 been involved in a legal dispute
concerning the partly-owned company IFS Sri Lanka. In October 2012, the
counterparty in the dispute initiated arbitration proceedings against IFS with
the Singapore International Arbitration Centre, on the basis of a shareholders’
agreement between the parties.

In the arbitration proceedings, the counterparty initially claimed compensation
for damages in the amount of US$ 76 million including interest. However, the
claim was later revised upwards. The revised claim was unspecified but could be
understood to mean that IFS’ half-owned company IFS Sri Lanka be paid an amount
in the range of US$ 237–535 million including interest, and that an unspecified
amount be distributed as dividends to the owners.

Since the beginning of the legal dispute, IFS has deemed the counterparty’s
allegations as completely unsubstantiated and without any merit and the claims
raised in the arbitration proceedings have been rejected by IFS in their
entirety as being frivolous and completely unmeritorious and unfounded.

The arbitral tribunal’s Final Award was received by IFS on June 20, 2014. In the
Final Award, the counterparty’s claims have been completely rejected and it is
declared that IFS did not breach the shareholders’ agreement as alleged by the
counterparty. The counterparty has also been ordered to pay for the main part of
the fees of the arbitral tribunal and a substantial portion of IFS’ legal costs
in the proceedings.
Contact Information

Alastair Sorbie, President and CEO. Telephone: 44 1494 42 89 00,
press@ifsworld.com

Jesper Alwall, General Counsel, Corporate Legal Affairs. Telephone: 46 8 58 78
45 00, press@ifsworld.com
About IFS

IFS (http://www.ifsworld.com/en/)™ is a globally recognized leader in developing
and delivering business software for enterprise resource planning (ERP),
enterprise asset management (EAM) and enterprise service management (ESM). IFS
brings customers in targeted sectors closer to their business, helps them be
more agile and enables them to profit from change. IFS is a public company
(XSTO: IFS) that was founded in 1983 and currently has over 2,600 employees. IFS
supports more than 2,200 customers worldwide from local offices and through
partners in more than 60 countries. For more information visit:
www.ifsworld.com.

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IFS discloses the information provided herein pursuant to the Financial
Instruments Trading Act (1991:980) and/or the Securities Markets Act (2007:528).
The information was submitted for publication on June 23, 2014 at 8 a.m. (CEST).