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Vedior NV (0J9M)


Friday 07 April, 2006

Vedior NV


Vedior NV
07 April 2006

Amsterdam, The Netherlands

                      Vedior acquires majority interest in

                              The Blomfield Group

                     For release at 8.00am on 7 April 2006

Vedior is pleased to announce it has acquired a further 52% interest in The
Blomfield Group ('Blomfield' or 'the Company') bringing its total holding to

Blomfield is a leading recruitment services provider in the UK and Ireland
specialising in the financial sector and providing executive search, advertised
and contingency based permanent recruitment, contract and temporary staffing and
outsourcing. The Company has a particularly strong presence in the City
financial recruitment market. Blomfield comprises five subsidiaries, each with
strong niche brands:

•         Joslin Rowe Associates (Permanent Recruitment)

•         Joslin Rowe Temporaries  (Temporary and Contract Recruitment)

•         Firth Ross Martin (Executive Search)

•         JR Selection (Executive Front Office Recruitment)

•         Origin HR (Recruitment, Graduate and HR Outsourcing)

Zach Miles, Vedior's Chief Executive said, 'I am very pleased that our
long-standing relationship with The Blomfield Group has culminated in this
increased investment. The Company's brands are very well respected and
significantly extend our presence in the buoyant UK financial market.'

On 31 March 2006, Joslin Rowe was named  'Best Accountancy/ Financial
Recruitment Firm' at the prestigious UK Recruiter awards  for an unprecedented
second year running while Origin HR scooped the award for 'Best Managed Service
Provider' in a highly competitive category.

Vedior acquired its initial minority investment in Blomfield in May 2003, since
which time the Company has experienced strong growth in both sales and
profitability. Blomfield achieved unaudited annual sales to 31 December 2005 of
£51.6 million (€75.5 million).

The acquisition of Blomfield completes the range of professional and executive
recruitment services Vedior provides in the UK which also includes IT,
healthcare, engineering, education, legal, teleservices, HR and interim
management. The acquisition also strengthens Vedior's global presence in the
finance and accounting recruitment sector where we provide services in a number
of international markets, notably the US, France , Netherlands, Australia and

Blomfield's existing management team will continue to develop the Company. The
outstanding 30% interest will remain with management.

Company Profile

Vedior is one of the world's largest recruitment companies and is a full-service
recruitment provider with a diversified portfolio of brands targeting a broad
range of industry sectors.

From its global network of offices spanning Europe, North America, Australasia,
Asia, South America and Africa, Vedior offers temporary and permanent
recruitment as well as a number of complementary employment-related services
such as outplacement, HR outsourcing, payrolling and training.

Vedior has a leading market position in the provision of professional/executive
recruitment in sectors such as information technology, healthcare, accounting,
engineering and education. We also have a significant global network providing
administrative/secretarial and light industrial recruitment.

For further information, please contact:

Zach Miles, Chief Executive                              +31 (0)20 573 5609

Frits Vervoort, CFO

Jelle Miedema, Company Secretary

                      This information is provided by RNS
            The company news service from the London Stock Exchange

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