Board of director statement - Adecco S.A

ï According to the latest management information, operations remain healthy and year-todate demand for the Companyís services continues to be stronger than last year.

ï The Board of Directors and Management stand unified in their full commitment to resolve the issues associated with the release of the audited 2003 financial statements.
Based on the information currently available to the Board, the Board confirms that to date no evidence demonstrating major misappropriations or irregularities that would be financially significant to the Company as a whole has been found.

ï The Board of Directors further determined it will propose that a majority of independent directors be elected at the next General Meeting of Shareholders.

ï In addition, the Board will propose to the next General meeting of Shareholders, the reelection of Philippe Foriel-Destezet and the election of Klaus J. Jacobs to the Board of Directors. To underline their commitment to the Company, Adeccoís two principal shareholders have reiterated their support and have conveyed to the Company their intention to maintain their respective shareholdings in Adecco S.A.

Forward-Looking Statements Information in this release may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based upon information available to Adecco S.A. as of the date of the release, and we assume no obligation to update any such forward-looking statements. Factors that could affect the Company’s forward-looking statements include, among other things: the time and costs necessary to complete the independent inquiry and the results of that investigation and related governmental inquiries, and the effect of the results of the investigations on the completion of the audit.

The statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. Please refer to the Company’s Annual Report on Form 20-F for the year ended December 29, 2002, and in our other reports filed from time to time with the Securities and Exchange Commission for a further discussion of the factors and risks associated with our business.