TMP Worldwide Completes Acquisition of TASA

New York, N.Y., August 17, 1998 - TMP Worldwide announced today that it has completed the acquisition of TASA Holding AG of Zurich, Switzerland in a pooling of interests transaction for 1,668,179 TMP Worldwide shares.

At the end of June, the company announced its intention to acquire TASA, an international executive search firm with 1997 audited revenue of $39 million. The acquisition strengthens TMP's global executive search capabilities, enabling the company to further assist its clients in recruiting sufficient intellectual capital for all their senior level staffing needs.

According to Hunt-Scanlon Advisors, a Greenwich, Conn. consulting firm that tracks the executive search industry, the consolidation of TASA with the previously acquired Johnson, Smith & Knisely, makes this division of TMP Worldwide one of the 10 largest wholly-owned global executive search firms in the world, with offices in 17 countries and revenue of more than $60 million. Gary Knisely, chief executive officer of TMP Worldwide's Executive Search and Selection businesses, will be the chairman of the combined executive search operations.

Founded in 1967, TMP Worldwide is the online recruitment leader, one of the world's largest recruitment advertising agency networks with a rapidly growing presence in the search and selection industry, and the world's largest yellow page advertising agency with more than 3,550 employees in 20 countries. The company is also a provider of direct marketing services. TMP Worldwide's clients include more than 70 of the Fortune 100 and more than 285 of the Fortune 500 companies.

The TMP Worldwide Interactive career portal delivers the most comprehensive set of career services on the Web including The Monster Board (www.monster.com), the largest and most successful career center on the World Wide Web; Online Career Center (OCC) (www.occ.com), the Internet's earliest career site; MedSearch, (www.medsearch.com), the primary online "help wanted" service for the health care industry; Be the Boss (www.betheboss.com), a leading provider of information on franchise opportunities; About Work (www.aboutwork.com), the most comprehensive provider of career advice and information, and StudentCenter (www.studentcenter.com), which includes the largest online Internship database.

The Monster Board is a registered trademark of TMP Worldwide. Online Career Center, Be The Boss and MedSearch are service marks of TMP Worldwide.