Hays Trading update

DividendMax Ltd.

Hays Trading update

 "In the quarter ended 31 December 2011, Hays, the leading global professional recruitment group, increased net fees by 9% (8% on a like-for-like basis) against prior year. Net fees in the temporary placement business, which accounts for 57% of Group net fees, saw strong growth of 13%. Net fee growth in the permanent placement business slowed to 1% as increasing uncertainty about the global macro-economic environment impacted confidence amongst the Group's candidates and clients, notably in our Banking related specialisms."

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