Monstermoving.com Acquires International Relocation Industry Leader Craighead Inc.

Acquisition Adds Enhanced Services for Global Corporations and Valuable International Relocation Information for Moving Consumers

NEW YORK--(BUSINESS WIRE)--Dec. 15, 2000--Monstermoving.com, the newest division of TMP Worldwide Inc. (NASDAQ: TMPW; ASX: TMP) and marketing extension of Monster(R).com, today announced the acquisition of Craighead Inc., a premier provider of subscription-based international relocation information. Craighead provides essential information to internationally relocating consumers and maintains an impressive roster of Global 500 clients. The terms and conditions of the acquisition were not disclosed.

The acquisition deepens Monstermoving.com's range of offerings to corporations, by providing subscription-based services. The joint Craighead and Monstermoving.com offering will assist human resource professionals at major global corporations in addressing the needs of their employees as they relocate or travel abroad. Craighead's existing Global 500 corporate customers include America Online, Boeing, Bristol-Myers Squibb, Cargill, Chase Manhattan Bank, Fed Ex Express, General Motors, Glaxo Wellcome, The Home Depot, HSBC, Raytheon, Shell Oil, Siemens and Viacom.

The acquisition also expands Monstermoving.com's network of move-related information, goods and services to include high quality international relocation information. According to the SHRM Global Forum, up to 30% of international relocations are unsuccessful because the expatriate family does not transition well into the new community. Craighead's information services, coupled with Monstermoving.com content, will provide critical information needed for a successful international transition.

With more than ten years of experience in researching and publishing relocation content for international transferees, Craighead has built a solid reputation as a leading source for reliable, accurate international relocation information. Craighead's in-depth, country-specific online reports include critical information on housing, schools, healthcare, legal documentation, social customs, and business practices. The online reports additionally assist expatriate families in adjusting to daily life in a new country by addressing how to prepare for an international assignment and exploring what cultural nuances one might expect to find.

TMP Worldwide, a global leader in human capital management, will leverage the Craighead relationship across several business divisions. This demonstrates TMP Worldwide's strategic approach of integrating and expanding its online and offline business units to effectively serve clients and consumers.

"Craighead's international expertise will offer added value to many TMP divisions as we extend our global reach and provide valuable services to clients and consumers," said Tom Zorn, President of Monstermoving.com. "The addition of a well established, profitable company like Craighead will enable Monstermoving.com to work more closely with corporate human resources professionals as we assist in their global relocation programs, while at the same time offering individual consumers access to unparalleled international relocation information."

"There is an absolute and immediate synergy between Craighead and Monstermoving.com," said Scott Craighead, President of Craighead Inc. "Just as Monstermoving.com intends to change the way people move by reducing the time, cost and stress associated with moving, Craighead has earned its industry leadership position by changing the way human resource professionals prepare their employees for international assignments. Corporations and consumers alike will benefit from the combined offerings of Monstermoving.com and Craighead Inc."

About Monstermoving.com

As one of the world's largest online marketplaces of relocation information, services and moving-related decision support tools, Monstermoving.com intends to change the way people move by leveraging the power of the Internet to successfully manage all stages of the relocation process. Monstermoving.com offers access to a comprehensive array of moving-related services as well as an exciting assembly of relocation tools designed to reduce the time, cost and stress associated with all stages of a move. Monstermoving.com features everything from home and apartment searches to mortgage and mover quotes, school information, utility and community resources. Monstermoving.com is a thoroughly effective point of service for consumers and businesses involved in the relocation process. Monstermoving.com is the newest interactive product offering of TMP Worldwide and a marketing extension of Monster.com. More information about Monstermoving.com is available at www.monstermoving.com.

About TMP Worldwide

Founded in 1967, TMP Worldwide, now with more than 8,750 employees in 30 countries, is the on-line recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search & 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.

Monster.com (www.monster.com), headquartered in Maynard, Mass, the flagship product of the Interactive Division of TMP Worldwide, is the leading global career portal on the Web which recorded over 19.3 million unique visits during the month of October 2000 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 language and content sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, France, Singapore, Hong Kong, Germany, Spain and Ireland. More information about Monster.com is available at www.monster.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 TMP Worldwide's reports filed with the Securities and Exchange Commission.

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