Monster and Chrysler Group Announce Relationship for Future Recruiting

    MAYNARD, Mass.--Aug. 20, 2002--Monster(R), the leading global online careers property and flagship brand of TMP Worldwide Inc. , today announced that Chrysler Group has entered into an agreement for a comprehensive package of online recruiting solutions. The relationship includes online recruiting solutions such as career site hosting and access to Monster Office HQ, a centralized resource that helps human resources professionals manage the hiring process.
    Chrysler Group will be able to access a comprehensive suite of Monster hiring tools to maximize recruiting effectiveness. The online office within Monster Office HQ incorporates web-based tools and services that streamline the hiring process, thereby giving the automaker quick and easy access to the right solutions, all in one place. These tools will help Chrysler Group prepare for future hiring needs, as well as efficiently manage current recruiting efforts.
    Monster also will host Chrysler Group's career website and post open positions, enabling the company's human resources professionals to save time and money. By utilizing Monster Office HQ, human resources professionals will be able to manage external job postings in one convenient location, as well as gain access to Monster's resume database to search for and manage resumes throughout the recruiting cycle.
    "Monster is excited to continue developing our relationship with Chrysler Group to assist with its recruiting needs. Chrysler Group's use of Monster Office HQ will positively impact the time, cost and quality associated with finding qualified candidates," said Steve Pogorzelski, President of Monster, North America. "As industry leaders in innovation, Chrysler Group and Monster are an ideal team. We are proud to provide our suite of value-added tools to the company to enhance and complement their recruitment needs, and accomplish their goals."
    "By utilizing Monster for career website hosting, screening tools, and a variety of other products, Chrysler Group is ensuring that we have the best systems in place to manage future growth and anticipated hiring needs," said Wilma Abney, Chrysler Group Director-Staffing, HR Systems and Services.

    About Monster

    Monster, headquartered in Maynard, Mass., is the leading global careers website, recording over 46.6 million unique visits during the month of July 2002 according to independent research conducted by I/PRO. Monster connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong, France, Scotland, Germany, Ireland, Spain, Luxembourg, India, Italy, Sweden, Norway, Denmark, Switzerland, and Finland. Monster is the official online career management services sponsor of the 2002 Olympic Winter Games and 2002 and 2004 U.S. Olympic Teams. More information about Monster is available at www.monster.com or by calling 1-800-MONSTER.

    About TMP Worldwide

    Founded in 1967, TMP Worldwide Inc., with more than 8,500 employees in 33 countries, is the online recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search and Executive Selection agencies. TMP Worldwide, headquartered in New York, is also the world's largest Yellow Pages advertising agency and a provider of direct marketing services. The company's clients include more than 90 of the Fortune 100 and more than 490 of the Fortune 500 companies. In June 2001, TMP Worldwide was added to the S&P 500 Index. More information about TMP Worldwide is available at www.tmp.com.

    About Chrysler Group

    Chrysler Group is the worldwide manufacturer and marketer of Chrysler, Jeep(R), and Dodge products. The company employs more than 100,000 people and maintains its corporate headquarters in Auburn Hills, Michigan. Chrysler Group is a member of the DaimlerChrysler AG family of companies.

    Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company's strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward- looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions, competition, seasonality and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.