Monster.com Extends Asia Pacific Growth Strategy with Launch of Monsterindia.com

MAYNARD, Mass.--(BUSINESS WIRE)--March 5, 2001--Monster(R).com, the leading global online careers site and flagship brand of TMP Worldwide Inc. (NASDAQ: TMPW), today announced the next phase in the expansion of Monster.com's Asia-Pacific network with the launch of Monsterindia.com; it will be operated as part of a joint venture with Australia's premiere Internet portfolio business ecorp (ASX: ECP).

Monster.com's launch in India is an important and strategic move as TMP Worldwide further strengthens its position as the world's leading supplier of human capital solutions. In 2000, TMP Worldwide entered the Indian market with the acquisition of People.com, a business based in the United States and India which provides and places IT professionals worldwide. Monster.com's launch in India introduces TMP's pre-eminent interactive services to all Indian job seekers and employers and underlines Monster's commitment in bringing the `Intern to CEO' client services strategy into the Indian market.

"With the launch of Monsterindia.com, Monster.com enters the most exciting and dynamic employment market in this region. India's remarkably high skills level is just one of the driving factors behind our confidence in the potential of this market," said Jeff Taylor, CEO of Monster.com. "This is a prime location for Monster.com, and we are delighted to offer Indian job seekers and employers all the benefits and services available from Monster.com's global expertise."

Monster.com now operates in 15 countries and has rapidly developed a very strong presence in the Asia Pacific region over the past 12 months. Regional sites now include Hong Kong, Singapore, Australia and New Zealand. In India, the initial focus will be on the Information Technology and Sales market segments in the high growth areas of Mumbai, Hyderabad and Bangalore.

"Monsterindia.com is committed to building a leadership position in India. Monster's innovative technology provides job seekers with personalized interactive career management tools and an online job agent to manage their job search activities," said Krishna Krovi General Manager of Monsterindia.com. "We see substantial opportunities for growth in India. Monster.com is well positioned to be a successful player in the region."

About Monster.com

Monster.com, headquartered in Maynard, Mass., is the leading global careers Web site, recording over 25.2 million unique visits during the month of January 2001 according to independent research conducted by I/PRO. Monster.com connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster.com global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong, France, Germany, Ireland, Spain, Luxembourg and India. More information about Monster.com is available at www.monster.com or by calling 1-800-MONSTER.

About TMP Worldwide

Founded in 1967, TMP Worldwide Inc., with more than 9,500 employees in 31 countries, is the online recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search and Executive Selection agencies. TMP Worldwide headquartered in New York, is also the world's largest Yellow Pages advertising agency and a provider of direct marketing services. The company's clients include more than 90 of the Fortune 100 and more than 480 of the Fortune 500 companies. More information about TMP Worldwide is available at www.tmp.com.

Special Note: The above statements include forward-looking statements based on current management expectations. Factors that could cause future results to differ from these expectations include the following: risks associated with acquisitions, competition and seasonality. Additional factors are described in the company's reports filed with the Securities and Exchange Commission.

About ecorp

ecorp is a leading Australia-based Internet business. Its interests include:

• ninemsn: a 50:50 joint venture with Microsoft, ninemsn is Australia's #1 Internet portal.

• eBay Australia and New Zealand: a 50:50 joint venture with eBay Inc of the United States. eBay is Australia's leading person-to-person trading service.

• Charles Schwab Australia: a 50:50 joint venture with Charles Schwab Corporation of the U.S. to provide financial services in Australia.

• Monster.com: a joint venture with a leading global career site Monster.com to provide online career management services in the Asia-Pacific region.

• Ticketek: Australia and New Zealand's leading ticketing company. In late 2000 Ticketek also established Ticketek Hong Kong in a joint venture with the Hong Kong Ticketing Alliance.

• Wizard Financial Services Group: a rapidly growing non-bank financial institution in which ecorp owns an indirect 25 per cent stake.

For further information on ecorp, visit our web site at www.ecorp.com.au.

--30--el/bos*