No offer for Michael Page at this stage: Adecco remains financially disciplined

Zurich, Switzerland, September 16, 2008: Adecco S.A. ("Adecco"), the
worldwide leader in HR services, today announces that it is no longer
considering making an offer for Michael Page International PLC
("Michael Page") at this stage and remains financially disciplined.

Adecco's stated strategy is to expand its professional operations in
the US, Europe and Asia as well as looking at specialized general
staffing companies. Adecco believes that a combination with Michael
Page could have benefited both companies and their respective
shareholders and so approached Michael Page in May 2008. Since that
time the response from Michael Page and its advisers has indicated
that a recommended transaction would not be achievable on terms
satisfactory to Adecco.

Adecco is focused on value-based management and considers acquisition
targets with financial discipline. Accordingly, Adecco has concluded
that it will not be able to agree a combination on terms acceptable
to both Adecco and the board of Michael Page at this time.

For the purposes of Rule 2.8 of The City Code on Takeovers and
Mergers ("Code"), Adecco reserves the right to make or participate in
an offer for Michael Page, or to take any other action which would
otherwise be precluded under Rule 2.8 of the Code, within the six
months following the date of this announcement:
(i) with the agreement or recommendation of the board of Michael
Page; or
(ii) following the announcement of an offer by a third party for
Michael Page; or
(iii) following the announcement by Michael Page of a "whitewash"
proposal for the purposes of Rule 9 of the Code or of a reverse
takeover, as defined in the Code; or
(iv) if there is a material change in circumstances.

Forward-looking statements
Information in this release may involve guidance, expectations,
beliefs, plans, intentions or strategies regarding the future. These
forward-looking statements involve risks and uncertainties. All
forward-looking statements included in this release are based on
information available to Adecco S.A. as of the date of this release,
and we assume no duty to update any such forward-looking statements.
The forward-looking statements in this release are not guarantees of
future performance and actual results could differ materially from
our current expectations. Numerous factors could cause or contribute
to such differences. Factors that could affect the Company's
forward-looking statements include, among other things: global GDP
trends and the demand for temporary work; changes in regulation of
temporary work; intense competition in the markets in which the
Company competes; changes in the Company's ability to attract and
retain qualified temporary personnel; the resolution of the French
anti-trust procedure and any adverse developments in existing
commercial relationships, disputes or legal and tax proceedings.

About Adecco
Adecco S.A. is a Fortune Global 500 company and the global leader in
HR services. The Adecco Group network connects over 700,000
associates with clients each day through its network of over 36,500
employees (FTEs) and over 6,700 offices in over 60 countries and
territories around the world. Registered in Switzerland, and managed
by a multinational team with expertise in markets spanning the globe,
the Adecco Group delivers an unparalleled range of flexible staffing
and career resources to clients and associates.

Adecco S.A. is registered in Switzerland (ISIN: CH0012138605) and
listed on the Swiss Stock Exchange with trading on SWX Europe (SWX:
ADEN) and the Euronext Paris (EURONEXT: ADE).

Contacts:

Adecco Corporate Press Office

press.office@adecco.com ; Tel. +41 (0) 44 878 87 87

Adecco Corporate Investor Relations
Investor.relations@adecco.com ; Tel. +41 (0) 44 878 89 25
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