Monster Worldwide Sells TMP Worldwide Advertising & Communications Businesses in Asia Pacific

Monster Worldwide, Inc, the parent company of the global online careers property, Monster(R), announced today that it has sold its TMP Worldwide Advertising & Communications businesses in Australia/New Zealand and Singapore in two separate transactions. The sales of these businesses were the result of the Company’s ongoing assessment of its operations to support the growth of the Monster franchise in local and international markets. Along with these dispositions, Monster Worldwide closed its TMP Worldwide Advertising & Communications office in Hong Kong.

These transactions will not materially impact results from continuing operations in 2006. The impact of these sales and the operating results of these businesses will be recorded as discontinued operations and prior periods will be reclassified.