Trading Statement

Michael Page International PLC 3 October 2001 Embargoed until 7.00 am 3 October 2001 Michael Page International Third Quarter Trading Update Michael Page International plc ('MPI'), the professional recruitment consultancy, announces third quarter revenue (gross profit) of £58.7m, 5.2% below the £61.9m for the equivalent period last year. The slowing in demand experienced at the end of the first half of 2001 has continued into the third quarter with increasing weakness now evident in the UK and Continental Europe, particularly in France. While market conditions remain difficult and earnings visibility is short, Michael Page currently expects the outcome for the current year to be at the lower end of the range of analyst estimates. The group's revenues will continue to be affected by changes in business confidence and rates of economic growth, however the diverse geographic and discipline mix of the group's revenues provide a degree of resilience to difficult market conditions. The outlook for next year continues to be very difficult to predict at this stage. The group will continue to balance further progress in the development of its leading positions in the professional recruitment market against underlying conditions, with continued focus on control of costs. Contacts: Michael Page International plc Terry Benson Chief Executive 020 7269 2205 Stephen Puckett Finance Director 020 7269 2205 Financial Dynamics David Yates/Richard Mountain 020 7269 7273 Notes to editors: Michael Page International plc floated on the London Stock Exchange in March 2001. It is one of the world's leading professional recruitment consultancies, specialising in the placement of candidates in permanent, contract and temporary positions with clients around the world. The Group has operations in the UK, Continental Europe, Asia-Pacific and the Americas and focuses primarily on the areas of finance (including banking), accounting, marketing, sales and legal. As at 31 December 2000, the Group operated through 91 offices in 14 countries and employed 2,666 persons worldwide. In the year ended 31 December 2000, Michael Page reported revenues of £239.7 million and a normalised operating profit of £82.5 million. (Ends)

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