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Randstad N.V. M&A Activity 2008

Apr 17, 2008

3880_iss_2008-04-17_20c952bf-2dec-4624-86af-cdcc7bd52e6a.pdf

M&A Activity

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This press release may not be published, distributed, diffused or otherwise sent into the United States of America, Japan, Australia or Canada. This press release does not constitute an extension into the United States of America, Japan, Australia or Canada of the intended offer mentioned in this press release. This press release does not constitute or form part of an offer to sell securities or the solicitation of an offer to buy securities.

Amsterdam, April 17, 2008

PRESS RELEASE

Randstad Holding's offer for Vedior receives clearance from the European Commission

Following the press release dated 1 April 2008, by which Randstad Holding nv and Vedior N.V. announced the launch of Randstad Holding's recommended mixed cash and share exchange offer (the "Offer") to all Vedior shareholders, Randstad Holding and Vedior hereby jointly announce that the European Commission has granted clearance for the proposed acquisition of Vedior by Randstad Holding.

Randstad Holding has undertaken to the European Commission to divest Randstad's current activities in Portugal (see also the press release dated 28 March 2008).

With this approval from the European Commission an important hurdle in the offer process has been cleared.

As announced on 1 April 2008, the remaining timetable of the Offer is as follows:

  • 23 April 2008: Extraordinary Meeting of Shareholders of Randstad Holding
  • 25 April 2008: General Meeting of Shareholders of Vedior and publication first quarter financial results 2008 of Vedior
  • 25 April 2008: Publication first quarter financial results 2008 of Randstad Holding (postponed from 23 April 2008)
  • 7 May 2008: Annual General Meeting of Shareholders of Randstad Holding
  • 9 May 2008 at 17:30 hours, Amsterdam time: Acceptance Closing Date (unless extended)

Further information regarding the Offer is contained in the Offer Memorandum and the Position Statement of which digital copies are available on the websites of Randstad Holding (www.randstad.com) and Vedior (www.vedior.com).

Enquiries

Randstad Holding

Bart Gianotten (investor relations) and Machteld Merens (media relations) Phone: +31 (0)20 569 56 23

Vedior

Jelle Miedema (company secretary) Phone: +31 (0)20 573 56 09

Randstad Profile

Randstad is the third largest staffing company in the world by revenue. The company offers a wide range of services that covers almost every aspect of HR services, from staffing, which includes finding temporary personnel (flexworkers and interim professionals) and permanent employees for clients, to the provision of a whole range of specialist services, such as HR consultancy and the management of HR processes. Randstad has close to 17,570 employees and 2,886 branches and inhouse locations in 20 countries around the world, primarily in Europe and North America. Randstad generated € 9.2 billion in revenues and € 554 million in EBITA in 2007. Randstad was founded in 1960 and is headquartered in Diemen, the Netherlands.

Vedior Profile

Vedior is the fourth largest recruitment company in the world by revenues. Vedior is a full-service recruitment provider with a diversified portfolio of brands targeting a broad range of industry sectors. The company has a global network of offices spanning Europe, North America, Australasia, Asia, Latin America and Africa. Vedior offers temporary and permanent recruitment as well as a number of complementary employment-related services such as outplacement, HR outsourcing, payrolling and training. Vedior has a leading market position in the provision of professionals/executive recruitment in sectors such as information technology, healthcare, accounting, engineering and education. Vedior has a more diverse portfolio of recruitment services than any other recruitment company. Vedior has 15,933 employees and 2,530 branches in 52 countries around the world. In 2007, Vedior generated € 8.4 billion in revenue and € 369 million EBITA (excluding non-recurring items). Vedior is headquartered in Amsterdam, the Netherlands.

This press release may not be published, distributed, diffused or otherwise sent into the United States of America, Japan, Australia or Canada. This press release does not constitute an extension into the United States of America, Japan, Australia or Canada of the intended offer mentioned in this press release. This press release does not constitute or form part of an offer to sell securities or the solicitation of an offer to buy securities.