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Adecco Places 500M Bond

Adecco Group, the worldwide leader in Human Resource services, has successfully placed a 5-year 500 million bond with a coupon of 7.625%,
issued by Adecco International Financial Services B.V. and guaranteed by Adecco S.A. The proceeds further increase the Groups financial flexibility with respect to the refinancing of the outstanding zero-coupon convertible bond as well as for general corporate purposes.

The 5-year 500 million bond is issued within the framework of the recently established Euro Medium Term Note programme and trades on the London Stock Exchange.
Adecco S.A. is currently rated as follows by international rating agencies: Standard & Poors (BBB, negative outlook) and Moodys (Baa2, stable).

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