Japanese acquisition extends reach across Asia

22 August 2014

HARVEY NASH GROUP PLC

("Harvey Nash" or the "Group")

Japanese acquisition extends reach across Asia

Harvey Nash, the global executive recruitment and professional services group, is pleased to announce that it has completed the acquisition of Beaumont KK ("Beaumont"), an executive recruitment company based in Tokyo, specialising in executive recruitment, leadership consulting and assessment services throughout Japan, Singapore and the Asia Pacific region.

This small but strategically valuable bolt-on acquisition enhances the Harvey Nash Group's international capabilities and complements existing Asia Pacific operations in Hong Kong, Vietnam and Australia, as well as more than forty offices throughout the US and Europe.

Albert Ellis, CEO Harvey Nash Group, said:

"The acquisition of Beaumont consolidates our presence in the third largest economy in the world and builds on our existing office in Tokyo, expanding the portfolio into executive recruitment and consulting services. The acquisition of a strong team of consultants with expert experience in the technology and industrial sectors is highly complementary to our growing software development business. With the reform of Japan's labour markets, including promoting more women into the workplace and Japanese corporations adopting an increasingly international outlook, this acquisition enhances the Group's opportunity to grow both in Japan and the broader Asia Pacific region."

Beaumont will trade as Harvey Nash Japan.

\* The acquisition does not constitute a Class transaction.

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