Monster Worldwide Update on Stock Option Grants

Monster Worldwide Inc, the parent company of Monster, the global online careers and recruitment resource, today announced that the company has been served with a subpoena from the United States Attorney for the Southern District of New York relating to stock option grants. Monster Worldwide intends to cooperate fully in this matter.

The Company previously announced that a committee of independent members of its Board of Directors has been conducting an internal review and analysis of all stock option grants previously issued by the Company. The committee of independent directors has retained independent outside legal counsel to assist in this matter.