Highlights full year 2007
− 12% organic revenue growth1) with increased market share
− 27% growth in EBITA2; EBITA margin up to 6.0% from 5.3%
− Diluted EPS3 up by 7% to € 3.38 compared to € 3.17 in 2006
− Dividend proposal of € 1.25 per share, in line with our updated dividend policy
Highlights fourth quarter 2007
− Group organic revenue growth 9%
− 14% growth in EBITA, with an EBITA margin of 6.8%, leading to diluted EPS of € 1.04
− Healthy organic growth across Europe (+10% in Q4 2007 compared to +12% in Q3 2007), Asia continuously strong, underlying revenue growth in North America improved to +1%
− Conditional agreement reached with Vedior N.V. to join forces

Outlook first quarter 2008
− We started the year with continued growth. Organic revenue growth amounted to 8% in January 2008. Q1 2007 was an exceptionally strong quarter and Q1 2008 will have on average a little over 1 working day less than Q1
2007. We expect EBITA to amount to at least € 100 million compared to the reported € 99.4 million in Q1 2007.
"In terms of both revenue and operating profit, it has been the best year and the best fourth quarter in the history of our company”, says Ben Noteboom, CEO Randstad Holding. “Our people have done a great job, outperforming almost
all markets once more. These markets have shown a mixed picture, so we are focusing on carefully targeted cost reductions in order to improve productivity but also keep stimulating growth wherever opportunities arise. As an example, clients are increasingly using our search and selection services, which leads to very encouraging growth. The more specialized market segments are doing well in many regions, a trend that fits well with our intended combination with Vedior. We are very enthusiastic about the possibilities this will bring us, and we face the future with confidence.”

In € million Q4 2007 Q4 2006 Change FY 2007 FY 2006 change
Revenue 2,433.1 2,226.6 9% 9,197.0 8,186.1 12%
EBITA 164.9 144.1 14% 554.4 436.1 27%
Net income 118.5 134.5 -12% 384.9 360.3 7%
Net income before tax one-off 118.5 111.8 6% 398.9 337.6 18%
Diluted EPS (in €) 1.04 1.18 -12% 3.38 3.17 7%
Diluted EPS (in €) before tax one-off 1.04 0.99 5% 3.50 2.98 17%
1) Organic growth is measured excluding the impact of currency effects, acquisitions and disposals and transfers between segments
2) EBITA: operating profit before amortization acquisition-related intangible assets and impairment goodwill
3) Definition: diluted EPS before amortization acquisition-related intangible assets and impairment goodwill

Dividend
We propose a dividend of € 1.25 per share (38% payout), equal to the amount paid over 2006 (40% payout). This is in line with the update to the dividend policy we announced in November 2007. As from 2007 we aim for enhanced
dividend protection for our shareholders, putting a floor of € 1.25 in the dividend, instead of a constant 40% payout.
The new policy should not lead to a lower average dividend stream than would be achieved under the former policy.
We pursue consistent dividend growth through the cycle, while we aim not to lower the absolute dividend level in any given year. We want to achieve this with a minimum payout of 30% and a maximum payout of 60%. The updated
policy is more in line with the cash flow trends, which usually show a more gradual development than earnings trends.
For the coming years this means that dividend per share will grow from € 1.25 once the payout reaches 30%, and that it could only fall below € 1.25 if this would imply a payout higher than 60%.

Outlook Q1 2008
We started the year 2008 with continued growth. We see continued growth across our European and Asian operations, while the trends in North America do not differ much from the Q4 2007 patterns. Organic revenue growth amounted to
8% in January 2008. Q1 2007 was an exceptionally strong quarter and Q1 2008 will have on average a little over 1 working day less than Q1 2007. Given these trends, we expect continued revenue growth and EBITA of at least € 100
million, compared to the reported € 99.4 million in Q1 2007. We refrain from providing an EPS forecast this quarter as that would implicitly provide an opinion on the Q1 2008 results of Vedior N.V.

Financial calendar
Publication Q1 2008 results (pre-market) April 23, 2008
Annual General Meeting of Shareholders May 7, 2008
Fixing ex-dividend May 9, 2008
Dividend available for payment May 28, 2008
Publication Q2 2008 results (pre-market) July 30, 2008