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Vedior NV (0J9M)


Thursday 14 July, 2005

Vedior NV

Vedior expands in East. Eur.

Vedior NV
14 July 2005

Amsterdam, The Netherlands

                   Vedior expands further into Eastern Europe
                     For release at 9.00am on 14 July 2005

Vedior is pleased to announce it has signed an agreement to acquire an initial
55% interest in the ConsulTeam Group of Companies ('ConsulTeam' or 'the 
Company'), a market leader in the provision of temporary recruitment services,
permanent placement, training and other HR related services from offices in
Bulgaria, Romania, Croatia and Serbia & Montenegro.

Zach Miles, Vedior's Chief Executive said, 'Vedior will assist ConsulTeam to
expand its network in the Balkan region as well as to develop its range of
higher-margin professional/executive recruitment services. With the accession of
Bulgaria and Romania to the European Union in 2007, ongoing economic
restructuring and growing inward investment will help to provide excellent
growth opportunities for the Company.

With ConsulTeam as a member of the Vedior Group, our international presence has
been expanded to 42 markets.'

ConsulTeam was founded in 2000 and currently has a network of 5 offices
servicing local markets as well as providing cross-border services throughout
Southeastern Europe. The Company has both local and international clients and,
through an exclusive strategic partnership, provides HR consulting in Albania,
Bulgaria, Bosnia & Herzegovina, Croatia, the Former Yugoslav Republic of
Macedonia, and Serbia & Montenegro. Temporary recruitment provision via third
parties is only just beginning to emerge in these countries and, while the
market is currently small, the acquisition comes at a time when ConsulTeam can
benefit from strong structural growth factors. ConsulTeam achieved annual sales
to 31 December 2004 of BGL 1.4 million (€798,000).

Vedior has a growing position in Central and Eastern European recruitment
markets. Aside from the markets serviced by ConsulTeam, Vedior already has an
established presence in the Czech Republic, Hungary, Poland, Slovakia and
Turkey. Our strong presence in these markets means that Vedior is
well-positioned to benefit from EU enlargement, the continued growth of
offshoring and the inevitable skills shortages facing Western Europe.

ConsulTeam's existing management will continue to develop the Company and retain
a 45% interest with Vedior having the right to acquire these shares in due

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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