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Vedior NV (0J9M)

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Thursday 09 June, 2005

Vedior NV

Disposal

Vedior NV
09 June 2005

Amsterdam, The Netherlands



              Vedior sells holding in Business Process Outsourcer
                      For immediate release on 9 June 2005


Vedior announces that it has signed an agreement to sell its minority holding in
TriNet Group, Inc., a Californian-based provider of business process outsourcing
services for payroll, benefits and human resources, to General Atlantic, LLC., a
private equity investor.

Zach Miles, Vedior's Chief Executive said, 'Vedior continues to focus on its
core business of recruitment while TriNet's services have progressively evolved
in the direction of HR business process outsourcing. While certain of these
services are complementary to our recruitment activities, the volume of business
generated through our relationship to date has been limited and TriNet's future
direction is too far removed from our strategic plan to warrant making the
additional capital investment that the company needs in order to pursue growth
opportunities. We feel that the partnership with General Atlantic offers a
beneficial arrangement for all parties by providing TriNet with access to both
growth capital and expertise in the BPO sector. We wish TriNet well in achieving
its future goals.'

Martin Babinec, TriNet's Chief Executive, added 'Our ten year relationship with
the management of Vedior has been instrumental to our success in growing the
company. TriNet's new partnership with General Atlantic not only helps
accelerate our growth trajectory, but also brings significant advantages to our
existing customers. We remain committed to continuing our existing commercial
relationships with Vedior companies, as well as creating new relationships as
our US customers continue to request HR services outside of North America.'

Vedior's gross proceeds from the sale of TriNet shares will be approximately $43
million (€35 million at current exchange rates) of which approximately $37
million (€30 million at current exchange rates) will be received at closing and
the balance will be paid in instalments over one to two years. Closing of the
transaction is subject to regulatory approval.

TriNet sales for the year ended 31 December 2004 were $44 million (€36 million)
which, as a minority investment, are not consolidated within Vedior's reported
sales. TriNet's contribution to Vedior's 2004 net result was $3.1 million (€2.4
million).


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. Annual sales for 2004 were €6,467 million.

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. In order to meet client requirements for all
categories of personnel, we also have a significant global network providing
administrative/secretarial and light industrial recruitment.



For further information, please contact:

Frits Vervoort, CFO                                         +31 (0)20 573 5609
Jelle Miedema, Company Secretary


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

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