Monster Worldwide Completes Acquisitionof ChinaHR

Acquisition strengthens Monster's presence in China and across Asia

Business Editors

BEIJING--(BUSINESS WIRE)--Oct. 7, 2008--Monster Worldwide, Inc.

(NASDAQ: MNST), the parent company of Monster(R), the leading global

online careers and recruitment resource, today announced that it has

completed its acquisition of ChinaHR, creating a leading force in

online recruitment in China and across Asia. This acquisition in one

of the fastest growing recruitment markets in the world reflects

Monster's expanding international presence and reinforces Monster's

position as the leading global online recruitment resource.

Under the terms of the transaction, Monster paid $174 million US

Dollars in cash for the remaining 55% stake in ChinaHR.

"This is a significant day for Monster and ChinaHR and the

customers we serve," said Sal Iannuzzi, Chairman, President and Chief

Executive Officer of Monster Worldwide. "Independently, each company

is a respected industry leader and together we will provide employers

in China with increased recruitment productivity, by delivering more

qualified candidates to help fulfill their talent needs. This

acquisition will create one of the most comprehensive portfolios of

products and services that bridge the gulf between employers and

people in search of the best career opportunities."

The acquisition of the remainder of ChinaHR gives Monster a

dominant presence in one of the world's fastest growing recruitment

marketplaces. In the first half of 2008, China created more than 6.4

million jobs. To support this growth, ChinaHR currently operates 12

offices across the countries major markets, including Beijing,

Shanghai, Guangzhou and Shenzhen.

Monster Worldwide has an unparalleled international reach and a

local presence in key markets in North America, Europe, Asia, and

Latin America, connecting employers with quality job seekers at all

levels. This acquisition will allow Monster to serve its customers,

not only in China, but on a global basis seamlessly.

Edward Lo, Executive Vice President, Monster Greater China will

immediately take over as the interim CEO of ChinaHR while maintaining

his current regional responsibilities of driving Monster's overall

growth in the greater China region. Mr. Lo brings over thirty years of

leadership experience to Monster, working in Asia and the United

States. He joined Monster in early 2008 from AIG Investment (Asia)

Corp., where as Managing Director and COO, he successfully guided the

company's operations in 13 Asian countries. Prior to that, he served

as Deputy CEO and COO of Union Bank of Hong Kong following a nearly

25-year career with Bankers Trust Company split between the US and


"Monster and ChinaHR have successfully worked together for several

years and together bring over 20 years of combined experience to the

online recruitment market," said Mr. Edward Lo. "We will continue to

help employers make strategic hiring decisions, while also helping

seekers find better jobs to create a better life."

About Monster Worldwide

Monster Worldwide, Inc. (NASDAQ: MNST), parent company of

Monster(R), the premier global online employment solution for more

than a decade, strives to inspire people to improve their lives. With

a local presence in key markets in North America, Europe, Asia and

Latin America, Monster works for everyone by connecting employers with

quality job seekers at all levels and by providing personalized career

advice to consumers globally. Through online media sites and services,

Monster delivers vast, highly targeted audiences to advertisers.

Monster Worldwide is a member of the S&P 500 index and the NASDAQ 100.

To learn more about Monster's industry-leading products and services,

visit www.monster.com.

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 Monster Worldwide,

Inc.'s strategic direction, prospects and future results. Certain

factors, including factors outside of Monster Worldwide's 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 Monster Worldwide operates, risks associated with

acquisitions, competition, seasonality and the other risks discussed

in Monster Worldwide's Form 10-K and other filings made with the

Securities and Exchange Commission, which discussions are incorporated

in this release by reference.


Monster Worldwide, Inc.


Robert Jones, 212-351-7032




Steve Sylven, 978-461-8503