HHGP Hudson Highland Grp., Inc. (MM)

Hudson Highland Group Declares Two-for-One Stock Split NEW YORK, Feb. 3 /PRNewswire-FirstCall/ -- Hudson Highland Group, Inc. (NASDAQ:HHGP), one of the world's leading providers of specialized professional staffing, retained executive search and human capital solutions, today announced that its Board of Directors declared a two-for-one stock split of the company's common stock. The split will be effected in the form of a 100 percent stock dividend payable February 25, 2005 to stockholders of record as of February 14, 2005. "The Board's decision reflects confidence in Hudson Highland Group's future and recognizes the long-term opportunities which lie ahead for our company," said Jon Chait, chairman and chief executive officer of Hudson Highland Group. "In addition, the Board believes that the stock split will help broaden our base of investors." The stock split will increase the number of shares of the company's common stock outstanding to approximately 20,600,272 million shares from 10,300,136 million shares. Hudson Highland Group Hudson Highland Group offers a full suite of specialized professional staffing, retained executive search and human capital solutions worldwide. The company employs approximately 3,800 professionals serving clients and candidates in more than 20 countries through its Hudson and Highland Partners businesses. More information about Hudson Highland Group is available at http://www.hhgroup.com/ . Safe Harbor Statement This press release contains statements that the company believes to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included in this press release, including statements regarding the company's future financial condition, results of operations, business operations and business prospects, are forward-looking statements. Words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "predict," "believe" and similar words, expressions and variations of these words and expressions are intended to identify forward-looking statements. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These factors include, but are not limited to, the impact of global economic fluctuations on temporary contracting operations; the cyclical nature of the company's executive search and mid-market professional staffing businesses; the company's ability to manage its growth; risks associated with expansion; the company's reliance on information systems and technology; competition; fluctuations in operating results; risks relating to foreign operations, including foreign currency fluctuations; dependence on highly skilled professionals and key management personnel; the impact of employees departing with existing executive search clients; risks maintaining professional reputation and brand name; restrictions imposed by blocking arrangements; exposure to employment-related claims, and limits on insurance coverage related thereto; government regulations; the company's ability to successfully operate as an independent company and the level of costs associated therewith; and restrictions on the company's operating flexibility due to the terms of its credit facility. Additional information concerning these and other factors is contained in the company's filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of this press release. The company assumes no obligation, and expressly disclaims any obligation, to update any forward-looking statements. DATASOURCE: Hudson Highland Group CONTACT: Richard W. Pehlke of Hudson Highland Group, +1-212-351-7285, or ; or John D. Lovallo of Ogilvy Public Relations Worldwide, +1-212-880-5216, or , for Hudson Highland Group Web site: http://www.hhgroup.com/

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