Monster Worldwide Expands Pan-European Presence

Acquisition Establishes Monster as the Leading Online Careers Property in Germany

London, April 23, 2004 - Monster Worldwide, Inc. (NASDAQ: MNST), the parent company of the leading global online careers property, Monster, today announced the acquisition of jobpilot (www.jobpilot.com), one of Europeís most established and successful online careers portals, from Adecco S.A.

The acquisition of jobpilot establishes Monsterís leadership position in Germany, strengthens Monsterís position in key European markets, and introduces Monster into key markets in central Europe. It also unites the two leading players in the pan-European online recruitment sector.

Jobpilot generated revenues of approximately $28 million in 2003 and was profitable. Monster Worldwide anticipates that the acquisition will be accretive to its earnings in 2004. Consideration for the transaction will be a combination of cash and stock consisting of approximately $57.0 million in cash and 1 million shares of Monster Worldwide common stock. There will be an additional cash payment of approximately $18.9 million to acquire jobpilotís working capital (which includes approximately $14.9 million in cash) at the closing of the deal.

The acquisition of jobpilot is consistent with Monster Worldwideís stated strategy to be the leading online recruitment firm in top European markets. In addition, jobpilot will provide Monster the leadership position in Germany a key growth opportunity for Monster Europe, as well as significantly extending Monsterís reach, capabilities and footprint in central Europe, said Andrew J. McKelvey, Chairman and Chief Executive Officer of Monster Worldwide.

Together, Monster and jobpilot will enable companies to reach the largest pool of qualified job candidates in Europe and provide European job seekers with the broadest, most comprehensive resource of job opportunities and career-related information available online.

Since its inception in 1995, jobpilot has solidified its position as the leading German online recruiter, said Peter Dolphin, CEO of Monster Worldwide, Europe. Jobpilotís proven track record and brand recognition and awareness in Europe is a natural fit with Monsterís international strength and resources. We are delighted to welcome the highly successful jobpilot team to the Monster family.

Moving forward, Monster and jobpilot will work together to integrate their operations, leverage the synergies and collective strengths between them, and share their skills, knowledge and resources to enhance Monsterís value-added propositions for clients and job seekers in Germany and across Europe.