Randstad N.V. — M&A Activity 2007

Apr 16, 2007

Press release Randstad increases ownership in Talent Shanghai to 70%

Date April 16, 2007 More information Bart Gianotten Machteld Merens Telephone +31 (0)20 569 56 23

Randstad Holding nv announces it has acquired an additional 23% of the capital of the Chinese HR services provider Talent Shanghai. After acquiring a 47% stake in May 2006, Randstad now owns 70% of the capital. The transaction provides Randstad enhanced access to the Chinese market and fits with our overall strategy to establish a growing presence in Asia.

Talent Shanghai was founded by the Personnel Bureau of Shanghai (subsidiary of the Ministry of Personnel) and delivers a complete range of human resource management services, including payrolling, recruitment, executive search, and graduate placement services. Talent Shanghai is chief secretary of the largest and most influential HR Outsourcing alliance with a network covering 105 cities in China.

Talent Shanghai operates from three offices (all in the Shanghai region) and has a staff of 160 employees. 25,000 employees of mostly large banks and telecom providers are being pay-rolled on a monthly basis. In 2006, revenue was € 50 million.

The staffing and recruitment services market in China is still relatively small and highly regulated but developing rapidly. Talent Shanghai complements Randstad's current Search & Selection activities in Shanghai and Suzhou.

From now on Talent Shanghai will be consolidated at group level instead of being accounted for as non-consolidated associate. The deal will not have any material effect on Randstad's earnings per share in 2007.

Randstad Holding nv specializes in solutions in the field of flexible work and human resources services with group companies in Europe, North America and Asia. The Randstad Group is one of the largest temporary employment organizations in the world and market leader in the Netherlands, Belgium, Germany, Poland and the southeastern United States. Randstad is dedicated to matching at the right time, the demand by individuals for challenging and well-paid employment to the demand of organizations for employees of the right caliber and the right qualifications. The Group is active under the brand names Randstad, Yacht, Capac Inhouse Services, Tempo-Team, EmmayHR, Team4U, Martin Ward Anderson and Otter-Westelaken. Randstad Holding nv (Reuters: RAND.AS, Bloomberg: RAND NA) is listed on the Euronext Amsterdam exchange, where options for stocks in Randstad Holding are also traded. For more information about Randstad Holding see http://www.randstad.com.