Matchtech Group plc Admission to AIM and Placing

Matchtech Group plc, the fast-growing technical recruitment group, announced its admission to AIM on 27th October 2006.

Highlights

• The Placing Price was 310p per Ordinary Share (the "Placing Price");
• Based on the Placing Price and 22,420,406 Ordinary Shares in issue, Matchtech had a market capitalisation of £69.5 million on Admission (£72.4 million including outstanding EMI options*);
• The Placing raised £22.0 million before expenses for the selling shareholders; no new money was raised for the Group;
• On Admission, 31.7% of the Group's issued share capital is held by institutional investors, 53.2% by the Group's Directors and balance by staff of the group;
• Admission to AIM and commencement of dealings took place on 27 October 2006.

Arbuthnot Securities Limited is Nominated Adviser and Broker to Matchtech.
*On Admission, EMI options over 946,026 Ordinary Shares raised unexercised under the Existing Share Scheme

Reasons for the Placing and Admission

The Directors believe that Admission will:

• benefit the Company by raising its profile amongst clients and candidates;
• provide the selling shareholders with an opportunity to realise part of the value of their investment while remaining significant shareholders of the Company going forward; and
• enable the Group to continue to attract, retain, motivate, and incentivise key employees through their shareholdings, existing option arrangements and the proposed share incentive schemes.

Notes

• The Company has not applied for or agreed to trade on any platforms of exchanges other than AIM
• No restrictions on the transfers of AIM securities other than in relation to the shares held by employees as detailed in the admission document