TMP Worldwide Announces Three European Acquisitions, Further Strengthening Its Global Infrastructure

NEW YORK--Jan. 21, 1999-- TMP Worldwide (NASDAQ: TMPW; ASX: TMP), the most comprehensive provider of traditional and online career solutions and the world's largest yellow page advertising agency today announced the acquisition of three European recruitment agencies, further expanding the company's global expertise in both recruitment advertising and search and selection services.

These acquisitions, as well as the acquisition of a New York-based yellow page advertising agency, represent approximately $10 million in annualized commissions and fees for TMP. Two of the acquisitions, Bonde & Schmah as well as PMM Management Consultants, are headquartered in Germany and Sources, SA, is located in France.

``These strategic acquisitions help us further expand our worldwide infrastructure, as we continue to apply TMP's fully integrated, 'intern-to-CEO' philosophy to meet our clients' diverse recruitment needs,'' said Andrew J. McKelvey, chairman and CEO of TMP Worldwide. ``We are particularly excited about the search and selection capabilities both PMM Management Consultants and Bonde & Schmah add to TMP's already strong European operations. These purchases significantly increase our presence in Germany and further establishes TMP as a true market leader in this country.''

McKelvey further stated that TMP's purchase of Sources, SA, a leading recruitment advertising firm headquartered in Paris, France, combined with the company's other operations in France, catapults TMP into a leadership position in the recruitment advertising industry in France.

Finally, TMP's acquisition of Milnat Associates, Inc., a yellow page advertising firm headquartered in Rockville Center, New York further strengthens TMP's leading yellow page advertising business, which according to statistics published in Advertising Age, is larger than its ten next competitors combined.

Founded in 1967, TMP Worldwide (NASDAQ: TMPW; ASX: TMP), with more than 3,550 employees in 20 countries, is the online recruitment leader and one of the world's largest recruitment advertising agency networks, with a rapidly growing presence in the search and selection industry. TMP Worldwide is also the world's largest yellow page advertising agency and a provider of direct marketing services. The company's clients include more than 70 of the Fortune 100 and more than 400 of the Fortune 500 companies.

Monster.com (www.monster.com), the flagship product of the Interactive Division of TMP Worldwide, is the leading, global online network for careers, connecting the most progressive companies with the most qualified career-minded individuals. Monster.com is committed to leading the market by offering innovative technology and superior services that give consumers and businesses more control over the recruiting process. The Monster.com network consists of sites in the United States, Canada, United Kingdom, Netherlands, Australia, and is coming soon to France, Germany and Belgium.