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Vedior NV (0J9M)


Tuesday 05 July, 2005

Vedior NV

Vedior acquires

Vedior NV
05 July 2005

Amsterdam, The Netherlands

                      Vedior acquires UK Sales and Retail

                             Recruitment Specialist

                      For release at 9.00am on 5 July 2005

Vedior is pleased to announce it has acquired an initial 75% interest in the
Mandeville Recruitment Group Ltd ('Mandeville' or 'the Company'), a UK based
provider of permanent recruitment primarily in the sales and retail sectors.

Zach Miles, Vedior's Chief Executive said, ''We are delighted to welcome
Mandeville to our Group. The Company's niche approach to recruitment matches
Vedior's own philosophy and their business adds to our portfolio of professional
/executive brands in the UK.

Vedior has the broadest range of temporary and permanent recruitment services
offered by any staffing company not only in the UK market but also globally.'

Mandeville's services are provided through a number of specialist divisions
covering Sales, Retail, Finance, Hospitality and Building Services sectors as
well as a fast-growing international executive recruitment division called
Expedite. The Company was founded in 1993 and has a network of three offices.
Mandeville achieved audited annual sales to 31 December 2004 of £3.3 million
(€4.9 million).

Mandeville's business complements Vedior's UK network which has a well-balanced
mix of business covering both professional/executive and traditional recruitment

Mandeville's existing management team will continue to develop the Company. The
outstanding 25% interest will remain with management of Mandeville with Vedior
having the right to acquire these shares in due course.

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:

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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