TMP Worldwide Inc. CEO Announces Adoption of Securities Trading Plan Under SEC Rule 10b5-1

NEW YORK, Nov 9, 2001 (BUSINESS WIRE) -- TMP Worldwide Inc. (NASDAQ: TMPW), the world's leading supplier of human capital solutions, including the pre-eminent Internet career portal Monster.com(R), today announced that Andrew J. McKelvey, Chairman and Chief Executive Officer of TMP Worldwide, in accordance with the recently adopted Rule 10b5-1 of the Securities and Exchange Commission, is establishing a plan to provide for pre-determined sales of a portion of his TMP common stock, subject to certain price restrictions and other contingencies.

Mr. McKelvey intends to sell a total of up to 250,000 shares on a quarterly basis under this plan. The plan does not have a termination date. It is estimated that the annual activity under the plan will involve less than 1% of TMP Worldwide's shares outstanding. Furthermore, in order to take advantage of the "trading window" available immediately prior to the adoption of the plan, Mr. McKelvey also sold 3.1 million shares of TMP common stock. This trade occurred outside of the plan. Other than sales planned under the Rule 10b5-1 plan, no additional sales by Mr. McKelvey are currently expected for the next twelve months. Following the sale of 3.1 million shares of stock, Mr. McKelvey owns 20.03 million shares of TMP stock, or approximately 18% of total shares outstanding.

Rule 10b5-1 permits the implementation of a written plan for stock selling at times when insiders are not in possession of material non-public information and allows them to sell shares on a regular basis, regardless of any subsequent material non-public information they receive or the price of the stock at the time of the sale. Sales under the plan will be effected in a systematic manner with the goal of minimal market impact by spreading them over a more extended period of time than is available using traditional "window" periods. The sales under the plan will enable Mr. McKelvey to gradually diversify his assets for estate planning purposes and allow for continued funding of his ongoing sizable charitable contributions.

Mr. McKelvey commented, "The sales plan and trade announced today allows me to sell a portion of TMP stock for diversification and estate planning purposes. In particular, the increased liquidity offered by the plan will enable me to continue to contribute to various charities, including the McKelvey Foundation which awards full, four-year scholarships to rural area high school seniors demonstrating financial aid need and entrepreneurial spirit. Furthermore, we believe the public disclosure of the sales plans and recent trade is an open and honest way to communicate these actions to our stockholders."

About TMP Worldwide

Founded in 1967, TMP Worldwide Inc., with more than 10,500 employees in 33 countries, is the online 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. In June 2001, TMP Worldwide was added to the S&P 500 Index. More information about TMP Worldwide is available at www.tmp.com.

Monster.com, headquartered in Maynard, Mass., is the leading global careers website, recording over 24.9 million unique visits during the month of September 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, India, Italy, Sweden, Norway, Denmark, Switzerland, and Finland. Monster.com is the official online career management services sponsor of the 2002 Olympic Winter Games and 2002 and 2004 U.S. Olympic Teams. More information about Monster.com is available at www.monster.com or by calling 1-800-MONSTER.

Special Note: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company's strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions, competition, seasonality and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.

CONTACT:
Weber Shandwick Worldwide
Andrea Retzky, 212/445-8247
aretzky@webershandwick.com
or
TMP Worldwide
David Rosa, 212/351-7067
david.rosa@tmp.com