Trading Statement

Hays PLC 18 June 2003 18 June 2003 HAYS PLC TRADING UPDATE Hays plc will announce its preliminary results for the year ending 30 June 2003 on 9 September and today issues the following trading update. TRADING Overall trading remains in line with the Board's expectations. Hays Personnel has continued to perform well. Gross fees in the second half to date are 4% ahead of the same period last year, and broadly consistent with the first half. The proportion of gross fees derived from permanent placements in the second half to date was slightly higher than last year, and slightly higher than in the first half. Forecasts of economic conditions and business sentiment are inconclusive and the short term outlook for our business remains difficult to predict accurately. The UK Mail business is performing in line with our expectations, though performance in the French mail business has declined as a result of weak economic conditions. The Logistics and IMS businesses have continued to trade in line with our expectations, though the performance of the BPO business is disappointing. TRANSFORMATION PROCESS The Board continues to work towards the transformation of Hays into a focused Personnel business. Progress is being made and the company will provide an update as each significant disposal is completed. The cash cost of restructuring in the period is likely to be within the £12m guidance given on 4 March. In addition, as part of the transformation process, the company is reviewing the carrying value of goodwill and other assets and this is likely to lead to a material, non-cash impairment charge. -ends- Enquiries: Colin Matthews Chief Executive Officer +44 (0)1483 302203 Hays plc John Martin Group Finance Director +44 (0)1483 302203 Hays plc Conference call: John Martin of Hays plc will conduct a conference call for analysts and investors at 11:00 am UK time on 18 June 2003. The dial-in details are as follows: Dial-in number: +44 (0) 1296 480100 Access Code: C259349 The call will be recorded and available for playback for 7 days as follows: Replay dial-in number: +44 (0) 1296 618700 Pin: 457 482 This information is provided by RNS The company news service from the London Stock Exchange

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Hays (HAS)
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