Monster Worldwide Sells TMP Worldwide Advertising & Communications Businesses in Europe

NEW YORK--(BUSINESS WIRE)--May 10, 2006--Monster Worldwide, Inc. (NASDAQ: MNST), the parent company of Monster, the leading global online careers and recruitment resource, today announced that it has sold its remaining TMP Worldwide Advertising & Communications businesses in Europe. The sale includes all of the Company's Advertising & Communications businesses in the United Kingdom and Ireland. In a separate transaction, Monster Worldwide also sold its recruitment advertising agency in Spain. The net purchase price for these transactions was approximately $40 million, including approximately $31 million in cash and a $9 million note receivable.

These transactions allow Monster Worldwide to focus its resources on the expansion and growth of Monster across local and international markets.

"We are committed to deploying our capital and resources toward the significant growth opportunity that exists in Monster and the global online recruitment market," said Andrew J. McKelvey, Chairman and Chief Executive Officer of Monster Worldwide. "The sales of our recruitment advertising agencies in Europe are consistent with our strategic focus and resulted from the Company's ongoing assessment of its operations. We believe these transactions will serve the interests of Monster Worldwide's shareholders as well as the TMP Worldwide Advertising & Communications businesses and their customers."

The businesses in the UK, Ireland and Spain that were sold employed approximately 480 of Monster Worldwide's global workforce and contributed nearly $14.8 million in revenue and $1.3 million in operating income for the first quarter ended March 31, 2006. The impact of the sales and the operating results of these businesses will be recorded as discontinued operations and prior periods will be reclassified.

About Monster Worldwide

Founded in 1967, Monster Worldwide, Inc. is the parent company of Monster(R), the leading global online careers and recruitment resource. The company also owns TMP Worldwide, one of the largest Recruitment Advertising agencies in North America. Headquartered in New York with approximately 4,300 employees in 25 countries, Monster Worldwide (NASDAQ: MNST) is a member of the S&P 500 Index and the NASDAQ 100. More information about Monster Worldwide is available at www.monsterworldwide.com.

Special Note: 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, risks associated with acquisitions, competition, seasonality 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: Monster Worldwide, Inc.
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.