Randstad N.V. — Investor Presentation 2008

Nov 20, 2008

Randstad Holding nv

P.O. Box 12600 NL-1100 AP Amsterdam z.o. T +31 (0)20 569 59 11 F +31 (0)20 690 11 01

Press release Randstad confirms target at analyst day

Date

November 20, 2008 More information Bart Gianotten/ Machteld Merens Telephone +31 (0)20 569 56 23 Randstad Holding nv hosts an analyst & investor conference at its head office in Diemen today. In the morning session CEO Ben Noteboom will provide an update on strategy and targets, while CFO Robert-Jan van de Kraats will elaborate on how we manage through the cycle. After this session, Peter Hulsbos, managing director Tempo-Team in the Netherlands, will explain how the integration of Tempo-Team and Vedior in the Netherlands has been handled. Our new executive board members Brian Wilkinson and Greg Netland will present updates on their areas of responsibility, including the UK and North America.

Targets

The targets we set for Randstad stand-alone are from now on applicable for the new and combined company. We continue to target an average 5-6% EBITA margin through the cycle. The annualized EBITA margin can be above 6% in very good years and should not be below 4% in a normal downturn.

In the context of the Vedior acquisition we explained our stress case scenario which assumes about 3 years of revenue declines according to the following pattern: -5/-10/-10/-51 . Our results are potentially slightly more sensitive in the case of revenue declines beyond the stress case assumptions.

Mid-term targets by segment

We have set mid-term targets for our segments. These targets are:

• Inhouse 4-5%
• Staffing 5-7%
• Professionals 10-15%

These segment targets are not 'through the cycle'-targets but the ambition levels we have set for our combined businesses in the next upturn.

Professionals

In order to preserve the value of the professionals businesses, we have decided not to make radical changes. The professionals businesses will mostly keep the existing brands, rebranding will only occur if opportune. However, in consultation with the major operating companies, a new professionals house style will be developed before year-end. Ultimately by the end of 2009, all professionals businesses should have the look & feel of this new Randstad

¹ in this scenario we reckon with a revenue decline of 5% in H2 2008, 10% declines in 2009 and 2010 and a 5% decline in 2011

Date

November 20, 2008 For more information Bart Gianotten/ Machteld Merens Page 2/2

Professionals brand family, while the brands will also be endorsed by the tagline 'a Randstad company'. We expect considerable annual savings on production costs (some € 25 million), which can be reinvested in marketing expenses to support market presence.

DSO

Realizing local Randstad DSO (Days Sales Outstanding) for the Vedior revenue mix would reduce Vedior DSO by 2-3 days; potentially lowering working capital € 50-70 million. Potential DSO reduction in France, due to legal changes subscribing a maximum of 60 days, may generate additional improvement potential.

Tax

As stated before, due to recurring tax synergies, the effective tax rate is expected to be well below the weighted average applicable tax rate. Due to non-tax deductible amortization of acquisition related intangibles (over a period of 7 years), the cash tax rate is expected to be close to the weighted average applicable tax rate for the coming years, to gradually decrease thereafter, and be close to the effective tax rate when amortization of aforementioned acquisition related intangibles ends.

Current trading

As stated in our Q3 2008 press release, the markets continue to weaken. On an organic basis Group revenue per working day declined 9.5% in October. Early November the trend has not turned yet. On the back of synergies and ongoing alignment of the cost base, profitability remains solid.

Audio webcast

The morning program (10.00 am - noon) is available through real time audio webcast at the investor relations section on our corporate website, using the link http://www.ir.randstad.com/presentations.cfm. A replay will be available via the same link as of today 18.00 CET.

Randstad specializes in solutions in the field of flexible work and human resources services. Our services range from regular temporary staffing and permanent placement to inhouse, professionals, search & selection, and HR Solutions. Since acquiring Vedior in 2008, the Randstad Group is the second largest HR services provider in the world with major positions in Australia, Belgium, Canada, France, Germany, India, Luxembourg, the Netherlands, Spain, Switzerland, Poland, Portugal, and the southeastern United States. Randstad has over 34,000 employees working from 5,400 branches and inhouse locations in 53 countries around the world. Randstad and Vedior generated combined revenue of € 17.6 billion in 2007. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands. Randstad Holding nv is listed on the NYSE Euronext Amsterdam exchange, where options for stocks in Randstad are also traded. For more information see www.randstad.com