JobStreet Shows Strong Growth

JobStreet Corporation Berhad (JobStreet), a leading online recruitment company in the region, en route to a listing on the Mesdaq market of Bursa Malaysia on Monday,
November 29, today announces its financial results for the 9-month period ended 30 September 2004.

For the 9-month period, the pro-forma group has achieved sales of RM25.4 million with a profit after tax of RM6.7 million. These amounts represent an increase of 84% and 237% compared to the same period in 2003.

Mark Chang, CEO of JobStreet Corporation Berhad says ìWe are pleased with the growth and higher profitability achieved this year. These results are a record for the JobStreet Group and reflect that our investments overseas have begun to deliver solid profits and increased acceptance of online recruitment and our other service offerings.î

Commenting on its recent oversubscription by 9.21 times for the public portion of 3 million shares, Mark says ìInvestors have demonstrated their confidence in our companyís mission to improve peopleís lives through a better career. It also shows that good companies with a
proven track performance and good growth prospects are still well regarded by investors.î

Chairman Datuk Ali Abdul Kadir states ìInstitutional interest is also very strong in JobStreet with 9 million shares under its private placement tranche fully placed out and a substantial demand for additional shares.
This is a good beginning to JobStreetís journey as a public listed company that is determined to create and uphold shareholder value.î

JobStreet operates the JobStreet.com online recruitment websites covering the employment markets in Malaysia, Singapore, India and Philippines. The Group currently services over 15,000 corporate customers and over 2.8 million jobseekers.