Monster Worldwide Announces a Proposed Offering of 6,000,000 Shares of Common Stock

NEW YORK--(BUSINESS WIRE)--Oct. 9, 2003--Monster Worldwide, Inc. (Nasdaq:MNST) announced today that it has filed a registration statement with the Securities and Exchange Commission for a proposed underwritten public offering of 6.0 million newly issued shares of its Common Stock, all of which would be sold by the company. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 900,000 shares of Common Stock to cover over-allotments in the proposed offering, if any.

Proceeds from the sale of shares by the company in the offering will be used for general corporate purposes, including working capital, and may also be used to invest in complementary businesses. Morgan Stanley is the managing underwriter of the offering.

When available, a written prospectus relating to the offering may be obtained from Morgan Stanley, 1585 Broadway, New York, NY 10036.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

About Monster Worldwide

Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster(R), the leading global online careers property. The company also owns TMP Worldwide, the world's largest Yellow Pages and Recruitment Advertising agency network. Monster Worldwide's clients include more than 90 of the FORTUNE 100 and approximately 490 of the FORTUNE 500 companies. Monster Worldwide (NASDAQ: MNST - News) is headquartered in New York with approximately 4,500 employees in 19 countries, and is a member of the S&P 500 Index.

Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company's strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, and risks associated with our brands, new technological developments, our information systems, competition, seasonality, acquisitions, and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.

CONTACT: Investors: Robert Jones, 212-351-7032 robert.jones@monsterworldwide.com or: Media: David Rosa, 212-351-7067 david.rosa@monsterworldwide.com

SOURCE: Monster Worldwide, Inc.