Sept 22, 1997: TMP Worldwide Completes Second Public Offering

New York, N.Y., September 22, 1997 -- TMP Worldwide (Nasdaq:TMPW) today announced the completion of its second public offering of 4.0 million shares, 1.6 million of which were sold by certain stockholders, at a price of $23 per share. The sale raised approximately $65 million for the company, consisting of $52.4 million resulting from the sale of company stock and $12.9 million resulting from the repayment by selling shareholders of company loans. The offering was led by Morgan Stanley Dean Witter and was co-managed by Goldman, Sachs & Co., BT Alex Brown, Montgomery Securities and Ladenburg Thalman & Co. The company intends to use its net proceeds to pay down outstanding debt, including $46 million incurred in connection with the company's recent acquisition of Austin Knight, a large global recruitment advertising network headquartered in the United Kingdom.

Founded in 1967, TMP Worldwide is the world's largest yellow page and one of the world's largest recruitment advertising agencies with more than 2,200 employees in 11 countries. TMP's clients include more than 70 of the Fortune 100 and more than 240 of the Fortune 500 companies. The company's Internet offerings include The Monster Board, the premier career center on the World Wide Web; Online Career Center, the Internet's earliest career site; MedSearch, the primary online ``help wanted'' service for the health care industry; and Be the Boss, a leading provider of information on franchise opportunities.

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.

Any offering will be made only by means of public prospectus. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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