Trading Update

Hays PLC 17 June 2004 17 June 2004 HAYS PLC TRADING UPDATE Hays plc will announce its preliminary results for the year ending 30 June on 7 September 2004 and today issues the following trading update. Group pre-tax profit before exceptional items and goodwill amortisation for the year to 30 June remains in line with the Board's expectations. The Specialist Recruitment business has continued to grow since the announcement of our interim results in March. The rate of growth has improved, and the business has generated like for like net fee growth of 10-11% in the second half to date, compared to the same period last year. All of the major businesses, and each of the three regions of the UK and Ireland, Continental Europe and Australia & New Zealand have contributed to growth. Both temporary and permanent placement fees are ahead of the same period last year, with permanent placement fees growing slightly more strongly. There has been no significant change in the rate of conversion of net fees into operating profit compared to the same period last year. There has been no significant change in the performance of DX since the announcement of our intention to demerge the business on 3 June 2004. The Group's net investment in Albion Group Ltd, which principally comprises a vendor loan, stood at £44.5m at 31 December 2003. Interest payments on the loan have been suspended and the Group will consider whether any impairment provision is required against it. The disposal of surplus logistics properties is now substantially complete and net proceeds will be ahead of the estimate provided in the circular to shareholders on 28 November 2003. - ends - Enquiries: John Martin Finance Director, Hays plc + 44 (0) 20 7628 9999 Jon Coles Brunswick + 44 (0) 20 7404 5959 Conference call: John Martin and Nick White of Hays plc will conduct a conference call for analysts and investors at 9.00am UK time on 17 June 2004. The dial in details are as follows: Dial-in number: + 44 (0) 1452 561 263 The call will be recorded and available for playback for 7 days as follows: Replay dial-in number: + 44 (0) 1452 550 000 Pin: 1518765 # This information is provided by RNS The company news service from the London Stock Exchange

Companies

Hays (HAS)
UK 100

Latest directors dealings