IMS - Replacement

Robert Walters PLC 08 May 2008 This announcement replaces the Interim Management Statement, no. 9547T, issued today at 9.30am. The revised announcement contains contact details for enquiries. The revised announcement is unchanged in all other respects. 8 MAY 2008 ROBERT WALTERS PLC ('Robert Walters' or 'the Company') INTERIM MANAGEMENT STATEMENT Robert Walters plc is today publishing its Interim Management Statement for the four month period from 1 January 2008 to 30 April 2008 and this statement is being read by Philip Aiken, Chairman, at the Company's Annual General Meeting, which commences at 9.30am today: 'There has been little change to trading conditions since our last announcement at our annual results at the end of February 2008. Trading in the first 4 months of 2008 has been in line with expectations and the Group's international spread of business has, as expected, enabled it to offset the adverse conditions affecting the UK, especially in the financial sector. We have also benefited from higher overseas earnings due to the recent weakness of Sterling. We have experienced a shortage of candidates in the majority of our markets, whilst certain banking sector clients have demonstrated greater caution in hiring for permanent placements. Net fee income for the first four months of the year was 19% above that achieved in the same period in 2007 (12% on a constant currency basis). We are satisfied with the outcome for the first four months of the year, with the Group benefitting from its diversified geographical nature and stronger trading conditions in Europe and Asia Pacific relative to the UK. Accordingly the Board's expectations for the full year remain unchanged subject to no significant deterioration in current market conditions. During the period, the Company has purchased 4,150,000 shares at an average price of £1.64, totalling £6.8m.' ENQUIRIES: Robert Walters plc +44 (0) 20 7379 3333 Robert Walters, Chief Executive Alan Bannatyne, Finance Director Pelham PR James Henderson +44 (0) 20 7743 6673 james.henderson@pelhampr.com Archie Berens +44 (0) 20 7743 6679 archie.berens@pelhampr.com This information is provided by RNS The company news service from the London Stock Exchange
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