Alma Media, Monster Worldwide Strengthen Joint Operations Across Eastern Europe and the Baltics

Alma Media Corporation

and Monster Worldwide

today announced the strengthening of their joint operations across Eastern Europe and the Baltics. In expanding their joint offering, Monster's career services will be combined with Alma Media's similar services to create a comprehensive offering in Poland, Hungary, Czech Republic, Slovakia, Croatia, Finland, Estonia, Latvia and Lithuania. The companies will be managed under a joint holding company named Alma Career Oy and will be reported as part of Alma Media's Digital Consumer Services segment. Monster Worldwide will become a 15% minority owner of Alma Career Oy (formerly Monster Oy) by contributing its Poland, Hungary and Czech Republic operations and by acquiring from Alma Media shares in the holding company with a purchase price of MEUR 4.9, with Alma Media owning the other 85 %. Monster has an option to increase its ownership to 20% by 2017. Monster currently owns 25 % of the Monster business in Finland with Alma Media