Disposal of Hays DX Express

Hays PLC 19 June 2001 HAYS DISPOSES OF SPANISH MAIL SERVICES OPERATIONS Hays plc today announces that it has disposed of Hays DX Express, S.L. This business provides time critical overnight delivery services in Spain. It has been purchased from Hays by Capital Original, S.L., a management buy- out vehicle, for a cash consideration of £500,000. The sale will result in a book loss of £10 million, including a goodwill write off of £8 million. Commenting on this disposal, Ronnie Frost, Chairman of Hays plc said: 'The disposal of this loss-making business represents the complete withdrawal of Hays from the Spanish mail services market. Our successful Spanish logistics business is unaffected. 'This transaction will allow our Mail Services management team to focus on the development of its other, profitable operations. Hays Mail Services will continue to use the services of Capital Original for distribution of time critical overnight deliveries in Spain. We wish the management and staff every success in the future.' For further information, please contact: Ronnie Frost Hays plc Chairman 01483 302203 Graham Williams Hays plc Executive Director 01483 302203 Corinne Daniels Brunswick 020 7404 5959

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Hays (HAS)
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