Trading Statement

Michael Page International PLC 28 June 2001 28 June 2001 MICHAEL PAGE INTERNATIONAL TRADING STATEMENT Michael Page International plc ('MPI'), the professional recruitment consultancy, reports a slowing of revenue growth for the three months ending 30 June 2001. In the first quarter of 2001 MPI reported growth in turnover and gross profit, over the first quarter of 2000, of 27.3% and 28.1% respectvely. The slowdown experienced in demand in financial services, IT and telecoms plus a general weakness in the USA and Australian economies has, in recent weeks, become evident across the majority of business sectors and is impacting all the main geographic markets in which MPI operates. MPI's latest estimates are that second quarter year on year growth in turnover and gross profit have slowed to approximately 11% and 8% respectively and as a result the first half turnover and gross profit growth will be approximately 19% and 17% respectively. As a consequence of slowing revenue growth and the increased cost base incurred in the second half of 2000 through investment in new offices and hiring of additional consultants, together with their associated infrastructure costs, MPI now expects operating profits for the half year to be at a similar level to the £42.5m achieved in 2000. MPI also reports that the Tokyo office opened in June in accordance with its plan. Contacts: Michael Page International plc Terry Benson Chief Executive 020 7269 2205 Stephen Puckett Group Finance Director 01753 849333 Financial Dynamics David Yates/Richard Mountain 020 7831 3113 The financial information included in this release, which does not constitute statutory financial statements of the group, has been prepared on a basis that is consistent with the preparation of financial information for inclusion in the prospectus of Michael Page International plc dated 5 March 2001. Notes to editors: Michael Page International plc floated on the London Stock Exchange in March 2001. It is one of the world's leading professional recruitment consultancies, specialising in the placement of candidates in permanent, contract and temporary positions with clients around the world. The Group has operations in the UK, Continental Europe, Asia-Pacific and the Americas and focuses primarily on the areas of finance (including banking), accounting, marketing, sales and legal. As at 31 December 2000, the Group operated through 91 offices in 14 countries and employed 2,666 persons worldwide. In the year ended 31 December 2000, Michael Page reported revenues of £239.7 million and a normalised operating profit of £82.5 million. (Ends)

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