Monster Worldwide Announces Share Repurchase Plan

Monster Worldwide, Inc, parent company of Monster(R), the global online careers and recruitment resource, today announced that its Board of Directors has approved a share repurchase plan. Under terms of the plan, Monster Worldwide is authorized to purchase up to $100 million of its shares of Common Stock in the open market or otherwise from time to time over a 30-month period as conditions warrant. As of October 31, 2005, Monster Worldwide had 118,340,064 shares of Common Stock and 4,762,000 shares of Class B Common Stock outstanding.

Our decision to initiate a share repurchase plan reflects the Company’s strong financial performance and our confidence in Monster’s growth prospects, said Andrew J. McKelvey, Chairman and CEO. Monster Worldwide is committed to creating long-term value for its shareholders. Our healthy balance sheet and strong cash flow provide the opportunity to invest globally in growing our business while also driving value to shareholders through share repurchases.