Financial press Release

Adecco offer for jobpilot closes

Adecco offer for jobpilot closes

CHESEREX, SWITZERLAND/ BAD HOMBURG, GERMANY May 17, 2002

Adecco SA (Swiss Stock Exchange - ADEN/ trading on Virt-x: 1213860), the world's leading provider of personnel services, today announced that the period of its offer to acquire all of the issued and outstanding share capital of jobpilot AG (Frankfurt Neuer Markt - JOA) has now closed. At the closure deadline (midday, 10th May 2002), more than 93% of jobpilot shareholders had accepted the offer. All relevant regulatory approval had already been granted in April 2002.



According to Adecco Group CFO Felix Weber, "We are very pleased that our offer met with such strong approval from jobpilot's shareholders. They clearly recognize the potential of combining jobpilot's internet platform with the branch network of Adecco, thereby bringing together at a stroke the world's largest branch network on the one hand, and jobpilot's leading international internet recruitment platform on the other."



Dr. Roland Metzger, CEO and founder of jobpilot, said: "The integration process will now gain even more momentum. And with the new e-HR & Executive Search division and its online and offline recruitment services Adecco will be in place with the right answers to the needs of this growing market."



Credit Suisse First Boston acted as financial advisor to Adecco. J.P. Morgan acted as financial advisor to jobpilot.



About Adecco



Adecco SA is a Forbes International 500 company and the global leader in HR Solutions. The Adecco network connects up to 700,000 associates with business clients each day through its network of over 30,000 employees and over 6,000 offices in 60 countries. Registered in Chéserex, Switzerland, and managed by a multinational team with expertise in markets spanning the globe, Adecco delivers an unparalleled range of flexible staffing and career resources to corporate clients and people seeking work.



Adecco SA comprises four divisions; Adecco Staffing; Ajilon Staffing & Managed Services; Career Services (Lee Hecht Harrison); e-Recruitment & Executive Search (jobpilot and Alexandre TIC); These divisions offer flexible staffing solutions to a wide range of global industries and professions, including IT, engineering, automotive, banking, logistics, telecommunications, finance, accounting, administrative, legal, sales and marketing. Together they provide a wealth of services and expertise in temporary, permanent, professional and managed staffing; career counselling, training, development and outplacement; e-recruitment (exploiting the internet) and executive search. Find out more about Adecco SA at www.adecco.com



Adecco SA is registered in Switzerland and is listed on the Swiss Exchange (ADEN / trading on Virt-x: 1213860), NYSE (ADO), Euronext Premier Marché (12819).



About jobpilot



jobpilot AG offers with jobpilot (www.Jobpilot.com) Europe's career market on the Internet. The company launched its innovative career portal in October 1995. Sites are now online in 15 European countries. Regular customers include all 30 companies listed in Germany's DAX share index as well as 21 companies in the EuroSTOXXsm 50 share index.



jobpilot's range of services includes several innovative products in addition to publishing job vacancies and requests (jobpilot workflow, Direct-Selection, Online-Assessment, etc.). jobpilot's services are free of charge for job seekers.



jobpilot is based in Bad Homburg, near Frankfurt, Germany. European subsidiaries are located in Austria, Belgium, the Czech Republic, Denmark, France, Hungary, Italy, the Netherlands, Norway, Poland, Spain, Switzerland and the United Kingdom.



jobpilot is registered in Germany and is listed on the Neuer Markt of the Frankfurt Stock Exchange (Neuer Markt: WKN 514170, Symbol: JOA) You can find out more about jobpilot from our website: www.jobpilot.com.

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