TMP Worldwide Lists Its Shares On The Australian Stock Exchange

New York, N.Y., December 14, 1998 - TMP Worldwide (NASDAQ: TMPW) the online recruitment leader and one of the world's largest recruitment advertising agency networks and the world's largest yellow page advertising agency, commenced trading on the Australian Stock Exchange ("ASX") on Monday, December 14th at 11 a.m. in Sydney, Australia.

On August 17th, TMP announced it had entered into an agreement in principle to acquire, in a pooling of interests transaction, Morgan & Banks Limited of Sydney, Australia. Morgan & Banks, with revenues of A$330 million for the year-ended March 31, 1998, is a leading executive selection and search firm in Australasia.

The acquisition prompted TMP's initial decision to apply for listing on the ASX. The acquisition of Morgan & Banks will be the largest ever for TMP and will solidify the firm's leading position in search and selection.

"In connection with this acquisition, the decision to list on the Australian Stock Exchange emphasizes our strategy to have a truly global reach and become a key player in the search and selection business worldwide," said Andrew J. McKelvey, chairman and CEO of TMP Worldwide. "Our Internet revenues continue to increase, and TMP Interactive has started to generate profits as of the third quarter in 1998. The addition of Morgan & Banks to the TMP recruitment network will allow us to expand upon this capability both in the U.S. and internationally," McKelvey continued. "Of particular importance, is that Morgan & Banks' belief and success in online recruiting mirrors that of TMP."

Founded in 1967, TMP Worldwide, 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.

The TMP Worldwide Interactive career portal delivers the most comprehensive set of career services on the Web including The Monster Boardr (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 Bossr (www.betheboss.com) , a leading provider of information on franchise opportunities; About Work (aboutwork.com), the most comprehensive provider of career advice and information, and StudentCenter (www.studentcenter.com), which includes the largest online internship database.

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.

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The Monster Board and Be the Boss are registered trademarks of TMP Worldwide.
Online Career Center and MedSearch are service marks of TMP Worldwide.