TMPW Completes Acquisition Of The Consulting Group

New York, N.Y., December 7, 1998 – TMP Worldwide [NASDAQ: TMPW], the most comprehensive provider of traditional and online career solutions and the world's largest yellow page advertising agency, today announced that is has completed the acquisition of The Consulting Group, a premier UK-based executive search firm, in a pooling of interests transaction for 246,606 TMP Worldwide shares. The firm will be integrated into TASA Worldwide, TMP's executive search and recruiting arm.

Based in London, The Consulting Group reported 1997 revenue of approximately #3.7 million. The firm's strengths lie in all areas of financial services including private banking, equity, fixed income and derivatives. Peter Evans, Managing Director of The Consulting Group, will be responsible for leading TASA Worldwide's capital markets' practice throughout the world, and will continue to strengthen TASA's financial services search practice in Europe.

According to Gary Knisely, CEO of TASA Worldwide, "The acquisition strengthens TASA's European financial services search capabilities, enabling us to further assist our clients in recruiting sufficient intellectual capital for all their senior level staffing needs on a global basis. We believe The Consulting Group is a first-class financial services firm and we are delighted to be integrating them into our worldwide operations."

Joel Milonzi, Managing Director of TASA Worldwide's Financial Services sector said, "We are excited to have Peter Evans, who has been the key player in building The Consulting Groups' financial services practice in Europe, join our company. We look forward to using his expertise in investment banking to enhance our worldwide operations."

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