Acquisition(s)

5 May 2006 HAYS PLC ACQUISITION OF ST GEORGE'S HARVEY NASH LTD Hays plc today announces the acquisition of St George's Harvey Nash Ltd, a specialist recruitment business providing executive search and selection services in the People's Republic of China and Hong Kong. Highlights Hays believe that the People's Republic of China and South East Asia offer substantial growth opportunities in the specialist recruitment market and this acquisition provides a platform from which to develop our specialist recruitment model. The business operates from three offices in the People's Republic of China, in Shanghai, Shenzhen and Guangzhou under a joint venture agreement with a local Chinese partner in which Hays has the majority shareholding. The wholly owned Hong Kong business operates from a single office. The well-respected and highly experienced management team will remain with the business to develop market-leading positions in the region. The business will be fully integrated into Hays' existing operations in the Asia Pacific region with the existing search and selection business branded as Hays Executive. Comments Commenting on the acquisition, Denis Waxman, Chief Executive of Hays plc said: "We are delighted that St George's Harvey Nash has joined the Hays Group. We are excited by the location, quality and potential of this acquisition as well as the strength, reputation and professionalism of the local management team. We have identified the People's Republic of China as a highly attractive growth market for specialist recruitment. The acquisition of St George's Harvey Nash provides Hays with a strong platform to expand the Hays business model into the Chinese market." Financial Cash consideration for 100% of the share capital was £2.3 million on a cash and debt-free basis. A further £5.2 million will become payable on achievement of specific growth and profitability targets over the next 4 years. In the year ended 31 December 2005, the business generated net fees of £1.3 million and operating profits of £0.2 million. - ends - Enquiries Richard Jackson Investor Relations, Hays plc + 44 (0) 20 7628 9999 Mike Smith Brunswick + 44 (0) 20 7404 5959

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Hays (HAS)
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