Issue of Equity

Michael Page International PLC
28 March 2001

NOT FOR DISTRIBUTION OR RELEASE IN OR INTO UNITED STATES, CANADA, AUSTRALIA OR
JAPAN OR TO US PERSONS





28 March 2001



Michael Page International plc announces price of 175p per share



Michael Page International plc ('Michael Page') today announces that the
shares offered in its initial public offering ('the Offer') will be priced at
175p per ordinary share, valuing Michael Page at £656.3 million.



306,521,750 ordinary shares have been allocated to investors in the Offer, all
of which have been sold by Michael Page's US parent company, Spherion
Corporation ('Spherion').  In addition, Spherion has granted an over-allotment
option to the underwriters of up to 45,978,250 ordinary shares. The number of
ordinary shares in issue following the Offer will be 375,000,000 (including
22,500,000 ordinary shares subject to the restricted share scheme).



Credit Suisse First Boston is acting as Sponsor, Global Co-ordinator and Sole
Bookrunner to the Offer.  Joint Lead Managers are Credit Suisse First Boston
and Goldman Sachs International, Co-Lead Managers are Deutsche Bank and
Schroder Salomon Smith Barney, and Co-Managers are HSBC and WestLB Panmure.



Conditional dealings will commence at 8.00 a.m., London time, on Wednesday, 28
March 2001 on a when-issued basis.  It is expected that listing will become
effective and unconditional dealings in Michael Page's shares will commence on
the London Stock Exchange under the ticker symbol MPI.L at 8.00 a.m. on
Monday, 2 April 2001.



Commenting on today's announcement, Terry Benson, Chief Executive of Michael
Page, said:



'We are delighted to be returning to the market in London and look forward to
life as an independent quoted company.'





Enquiries:
Michael Page International plc                       Tel: [phone]
Terry Benson, Chief Executive
Steve Puckett, Group Finance Director

Credit Suisse First Boston                           Tel: [phone]
Andrew Fullerton, Director
Ben Phillips, Managing Director

Financial Dynamics                                   Tel: [phone]
David Yates/Richard Mountain







Notes to Editors

Michael Page International plc



Michael Page 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.  Michael Page is one of the most widely recognised
brands in the professional recruitment industry and the Directors believe that
it has a leading market position in the countries in which it has its
principal operations.



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.





This press release, which has been issued by Michael Page, has been approved
solely for the purposes of Section 57 of the Financial Services Act 1986 by
Credit Suisse First Boston, regulated in the UK by the Securities and Futures
Authority Limited.  Credit Suisse First Boston is acting as financial adviser
to Spherion and Michael Page and no one else in connection with the Offer and
will not be responsible to any other person for providing the protections
afforded to customers of Credit Suisse First Boston or for providing advice in
relation to the Offer.



No offer or invitation to acquire shares in Michael Page is being made by or
in connection with this announcement.  Any such offer is made solely by means
of a prospectus published on 5 March 2001 and a supplementary prospectus to be
published by Michael Page in due course and any acquisition of shares should
be made solely on the basis of the information contained in the prospectus and
supplementary prospectus.  The value of shares can go down as well as up.
Persons needing advice should consult a professional adviser.



This announcement and the information contained herein is not an offer of
securities for sale or a solicitation of an offer to purchase securities in
the United States. The shares in Michael Page may not be offered or sold in
the United States absent registration or an exemption from registration.  Any
offering of shares in Michael Page in the United States will be made by means
of a prospectus and supplementary prospectus that will contain detailed
information about Michael Page as well as financial statements.



There shall not be any sale of shares in Michael Page in any jurisdiction in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such jurisdiction.  No money,
securities or other consideration is being solicited by this document or the
information contained herein, and, if sent in response to this document or the
information contained herein, will not be accepted.



Stablisation/FSA