Amsterdam, 27 July 2006

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Zach Miles, Vedior's Chief Executive, said: "We continue to make good progress in improving our mix of business and profitability while maintaining our investment in promising market sectors and expanding our office network. During this quarter, we completed a number of important acquisitions in line with our strategy to increase the proportion of sales from professional/executive recruitment sectors.

With a presence in 44 countries, we have also been able to take advantage of positive business trends in markets such as Australia, India and Latin America where our network continues to grow."

HIGHLIGHTS FOR THE SECOND QUARTER

• Operating income up in France by 18%, US by 26%, Netherlands by 32%, and Australia by 38%
• Increase in gross margin to 18.5% (Q2 2005: 17.8%)
• Five acquisitions completed, improving diversity and increasing exposure to professional/executive recruitment sector.
• Growing demand for permanent placement - fees increase by 31%