China Acquisition

Robert Walters PLC 25 February 2008 25 FEBRUARY 2008 ROBERT WALTERS PLC ('Robert Walters' or 'the Company') ACQUISITION OF TALENT SPOTTER Robert Walters, the international recruitment consultancy, today announces the acquisition of a 70% interest in Talent Spotter, a specialist professional recruitment business based in mainland China. The consideration, payable in cash over 2 years, is RMB 20 million (approximately £1.4 million). KEY POINTS: • The acquisition of Talent Spotter provides Robert Walters entry into the dynamic and rapidly expanding recruitment market in mainland China. • The acquisition strengthens Robert Walters's position as the leading specialist recruitment business in Asia. • Talent Spotter has two established offices and 49 staff. • Talent Spotter's head office is in Shanghai; the second office is in Suzhou, a city with a population of c. 10 million, located 75 miles inland from Shanghai, and one of the most prosperous in China. Robert Walters, Chief Executive of Robert Walters plc, commented: 'I am delighted to announce the acquisition of Talent Spotter, which further strengthens our position as the leading specialist professional recruitment brand in Asia.' Carter Yang, Chief Executive of Talent Spotter, added: 'As a vigorous fast growing firm, Talent Spotter is pleased to partner with Robert Walters. We believe that our local presence in China combined with the international expertise and global reputation of Robert Walters will add more value to both clients and candidates. We see this as the first stage in building a major presence in the mainland China market.' ENQUIRIES: Robert Walters plc +44 (0) 20 7379 3333 Robert Walters, Chief Executive Alan Bannatyne, Finance Director Pelham PR James Henderson +44 (0) 20 7743 6673 james.henderson@pelhampr.com Archie Berens +44 (0) 20 7743 6679 archie.berens@pelhampr.com This information is provided by RNS The company news service from the London Stock Exchange
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