£55m Acquisition of EPS Limited

Hays PLC 24 January 2000 Hays acquires leading provider of added value supply chain services to the mobile telecommunications sector Hays plc announces today the acquisition of EPS Limited ('EPS'), a UK leader in the provision of added value supply chain services to the mobile telecommunications sector, for a cash consideration of up to £55 million. EPS specialises in value-added supply chain management for a range of blue- chip customers principally in the mobile telephone market. Its customers include One2One, Orange, ONdigital, Virgin Mobile and Vodafone. It provides a wide range of services including the management of repair centres and call centres as well as diagnostic testing, bar-coding, configuration and assembly. The acquisition significantly strengthens Hays' position in the electronics supply chain market. For the year to 26 March 1999, EPS had an operating profit of £3.6 million on turnover of £28.0 million. At 26 March 1999, it had debt-free net assets of £6.3 million. Ronnie Frost, Chairman, commented: 'EPS is an excellent acquisition that brings a proven, quality management team and strengthens the Group's service offering in the high-growth mobile communications market. Hays Business Process Support already provides billing and call centre services to this sector both in the UK and in France. This acquisition enables us to supply a wide range of integrated services to existing and potential new customers in this exciting growth sector across Europe.' For further information, please contact: Ronnie Frost Chairman, Hays plc 01483 302 203 Andrew Grant Brunswick 0207 404 5959 Corinne Daniels Note to editors Hays plc Hays plc is a leading business to business group providing a range of added value specialist and quality services to industrial, commercial and professional customers throughout Europe. Activities include supply chain management, logistics, mail services, business process outsourcing and staffing services. Listed in 1989 and now a FTSE 100 company, Hays employs over 24,000 people. For more information, visit the Company's website at www.hays-plc.com EPS EPS employs around 850 full-time staff with a further 350 temporary staff being employed at any one time. It operates from eight locations - Banbury (Oxfordshire), where its headquarters are based, Basildon (Essex), Sittingbourne (Kent), Sandy (Bedfordshire), Rochdale (Lancashire), Daventry (Northants), and two sites in Dudley (West Midlands); Saltwells Road and Waterfront Business Park. The mobile telecommunications market is poised for even greater expansion following the advent of new technology. It is projected that mobile phones will become personal communication centres linking the caller to the internet no matter where they are in the world. Hays currently provides extensive billing and sales invoice services to major mobile phone companies in the UK and operates call centres for the two leading French mobile communications businesses. The acquisition of EPS further enhances Hays' position in this exciting growth sector across Europe.

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