2013 INTERIM RESULTS Presented by: Spencer Manual (CEO) Jon Plassard (CFO) CORPORATE BACKGROUND Established in 2000 as an International Telecoms Recruiter AIM listing in 2006 Acquired.

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Transcript 2013 INTERIM RESULTS Presented by: Spencer Manual (CEO) Jon Plassard (CFO) CORPORATE BACKGROUND Established in 2000 as an International Telecoms Recruiter AIM listing in 2006 Acquired.

2013 INTERIM RESULTS Presented by:

Spencer Manual (CEO) Jon Plassard (CFO)

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CORPORATE BACKGROUND

Established

in 2000 as an International Telecoms Recruiter

AIM

listing in 2006

Acquired

MSB in 2006

Acquired

The Comms Group in 2009

Employs

c. 370 people, with 45% of total staff located in overseas offices (over 50% of fee earners)

International Exposure:

Over 70% Net Fee Income generated outside of the UK

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CURRENT SITUATION

Specialist International staffing company:

Three main business streams: -

Mobile Telecoms Specialist IT

-

Energy

Growing network of international offices Loyal and diverse ‘Blue Chip’ customer base Impressive profit history Progressive dividend policy Strong balance sheet, good cash flow and margins

3

MARKET BACKGROUND

Networkers has capitalised upon international skills shortage within its core sectors

Emerging market investments (

Telco,IT,Energy

) Increasing demand for data

(IT, Telco)

Technology developing faster than skills trained

(Telco, IT, Energy)

Infrastructure improvements to cope with increased demand

(Telco, IT, Energy)

O&M and product development

(Telco, IT, Energy) 4

INTERNATIONAL NETWORK 2013

Global Headcount

Sales Non Sales

Jun 2013

269 101

370 Jun 2012

274 102

376 5

GLOBAL HEADCOUNT BY LOCATION

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INCOME & EXPENDITURE ACCOUNT

Turnover Gross profit

Gross margin % GP Growth

Administrative expenses

Earnings before interest, tax and amortisation

Conversion ratio %

Amortisation Net finance expenses Litigation costs / provision

Profit before taxation

Adjusted EPS

EPS growth

6m June 2013 £’000

79,417 14,667

18.5% -7.7%

11,226 3,441

23.7%

(111) (106) (114)

3,110

2.43p

3.85%

6m Jun 2012 £’000

90,622 15,887

17.5% 16.7%

12,295

3,592

22.6%

(159) (143) -

3,290

2.34p

16.42%

12m Dec 2012 £’000

170,673 30,788

18.0% 1.6%

23,498

7,290

23.7%

(340) (269) (1,000)

5,681

4.70p

11.4%

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BALANCE SHEET

ASSETS

Non current assets

Intangible assets Other non current assets

30 Jun 13 £’000

5,783 1,726 7,509

Current assets

Trade receivables and other assets Cash & cash equivalents 37,466 2,725 40,091

47,700 Total Assets LIABILITIES

Current liabilities

Trade payables and other liabilities Loans and borrowings

Non current liabilities

Total Liabilities NET ASSETS

(16,509) (8,605) (25,114) (1,854)

(26,968) 20,732 30 Jun 12 £’000

5,952 1,097 7,049 37,726 2,559 40,285

47,334

(17,143) (8,471) (25,614) (280)

(25,894) 21,440 31 Dec 12 £’000

5,761 1,653 7,414 34,470 2,197 36,667

44,081

(13,401) (9,092) (22,493) (1,867)

(24,360) 19,721 8

CASH FLOW

Cash generated from operations

Income taxes paid Net interest Capital expenditure Payments to acquire MI / Subsidiary Effects of exchange rate changes

Cash flow before financing and distribution to shareholders

Financing / (repayment) incl. ID Dividends paid Purchase of treasury shares (net of share issues)

Increase / (decrease) in cash 6m to 30 June 13 £’000 3,806

(1,100) (106) (188) (442) (120)

1,850

(487) (539) (296)

528 6m to 30 June 12 £’000 5,846

(1,793) (143) (69) (229)

3,612

(2,704) (543) 70

435 Year to 31 Dec 12 £’000 9,295

(3,311) (269) (303) (293)

5,119

(2,083) (1,074) (1,889)

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5 YEAR SEQUENTIAL SUMMARY

Net Fee Income (£000's)

18 000 16 000 14 000 12 000 10 000 8 000 6 000 4 000 2 000 -

H1 2009 H2 2009 H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 *Underlying pre-tax profit (£000's)

4 000 3 500 3 000 2 500 2 000 1 500 1 000 500 -

H1 2009 H2 2009 H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 10

5 YEAR SEQUENTIAL SUMMARY

EPS (pence)

2,50 2,00 1,50 1,00 0,50 0,00

H1 2009 H2 2009 H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 DPS (pence) 3.4x

0,750 0,600 0,450 0,300 0,150

4.5x

3.9x

0,000

H1 2009 H2 2009 H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 11

NET FEE INCOME BY SECTOR

18 ,0 0 0 16 ,0 0 0 14 ,0 0 0 12 ,0 0 0 10 ,0 0 0 8 ,0 0 0 6 ,0 0 0 4 ,0 0 0 2 ,0 0 0 -

H1 2 00 9 H2 2 00 9 H1 2 01 0 H2 2 01 0 H1 2 01 1 H2 2 01 1 H1 2 01 2 H2 2 01 2 H1 2 01 3

IT Telecoms E&E Other E&E Telecoms IT

H1 2009 48% 46% 2% H2 2009 43% 50% 3% H1 2010 42% 52% 3% H2 2010 45% 48% 7% H1 2011 36% 56% 5% H2 2011 37% 58% 5% H1 2012 34% 58% 6% H2 2012 42% 51% 7% H1 2013 36% 52% 11% 12

GROSS PROFIT MARGIN TREND

Gross Margin % 25,0% 20,0% 15,0% 10,0% 5,0% 0,0% H1 2010 H2 2010 H1 2011 H2 2011 H1 2012 H2 2012 H1 2013 13

GEOGRAPHICAL ANALYSIS

Middle East, 6% H1 2013 UK 30% Americas, 22% Americas, 15% Middle East, 6% Asia, 11%, EANA 18% Sub Saharan Africa, 14% Asia, 18% Sub Saharan Africa, 14% H1 2012 UK 28% EANA 19% 14

CURRENT TRADING

Permanent international recruitment continues to perform well across all divisions (Telco, IT and Energy & Engineering) International Telecoms remain stable Specialist IT markets improved, particularly in UK Energy & Engineering division continues to perform well On track for an improved H2, in line with management expectations

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STRATEGIC DIRECTION

Build a major, international staffing business focussed on high margins and barriers to entry: -

Mobile Telecoms Specialist IT Energy

Exploit dominant position in Telecoms when 4G rolls out globally Continue growth of Specialist IT and Energy overseas Enlarge teams in existing offices / open new offices Bolt on acquisition in specific markets, in particular specialist IT and Energy

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APPENDICES

BOARD OF DIRECTORS

Spencer Manuel Jonathan Plassard Roger Goodman Nigel Wray Lord William Astor

CEO CFO & COO Non Executive Chairman Non Executive Director Non Executive Director

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SHAREHOLDERS: SEPTEMBER 2013

Shareholders: Sep 2013 Others 31% Staff and Major Shareholders 16% Directors 53%

Total shares in issue:

82,810,269 19

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