The Board of Networkers International announce interim results for the six months ended 30 June 2007

The Board of Networkers International Plc, the AIM listed technology recruitment company, is pleased to announce interim results for the six months ended 30 June 2007 (comparative figures relate to a seven month period).

Highlights

ï Pre-tax profits increased by 44% to 2.3m (1.6m for the 7 months to 30 June 06);

ï Earnings per share rose by 32% to 1.71p basic (1.30p for the 7 months to 30 June 06);

ï Net fee income has increased by 174% to 12m during the period under review;

ï Term loan reduced to 14.2m following 1.8m repayment;

ï Interest cover based on EBITA* at 3.51;

ï The Group has significantly increased scale through the acquisition of MSB and reduced its overhead cost base;

ï Well balanced business with 20% of net fee income relating to permanent placements, 28% relating to international contract placements and 52% domestic contract placements; and

Trading conditions remain robust within all key business streams.

* EBITA being earnings before interest, tax , amortisation and share of profit from joint controlled entities

Commenting on todayís results, Spencer Manuel, CEO, said ìWe are delighted with the continued progress made at Networkers, these results clearly demonstrate the benefit derived from our strategy of strong organic growth and International expansion, together with strategic acquisitions.ì