RNS Number : 8652A
  Credit Suisse Securities (Eur) Ltd
  07 August 2008
   
                                                                 FORM 38.5 (b)
                DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS 
           WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RI STATUS
                 BUT NOT DEALING IN A CLIENT-SERVING CAPACITY
                      (Rule 38.5(b) of the Takeover Code)
 1.  KEY INFORMATION 
 Name of exempt principal trader     Credit Suisse Securities
                                     (Europe) Limited
 Company dealt in                    Adecco
 Class of relevant security to       Ordinary Shares
 which the dealings being disclosed
 relate (Note 1)
 Date of dealing                     06-Aug-2008


  
    2.  INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE
      (a) Interests and short positions (following dealing) in the class of relevant security dealt in (Note 2) 
                                                 Long         Short
                                               Number  (%)  Number  (%)
 (1) Relevant securities                                    72452   0.042
 (2) Derivatives (other than options)                                 
 (3) Options and agreements to purchase/sell                         
 Total                                                      72452   0.042


  
      (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 2) 
   Class Of Relevant Security :                  Long  Short
 (1) Relevant Securities                              
 (2) Derivatives (other than options)                 
 (3) Options and agreements to purchasesell          
 Total                                                


  
    (c)  Rights to subscribe (Note 2) 
   Class of relevant security:  Details
                               


  
    3.  DEALINGS (Note 3)
      (a) Purchases and sales 
   Purchase/sale  Number of securities  Price per unit (Note 4)
 Buy            3404                  50.5 (CHF)
 Buy            2620                  50.85 (CHF)
 Buy            1644                  50.6 (CHF)
 Buy            992                   50.39 (CHF)
 Buy            985                   50.75 (CHF)
 Buy            984                   50.8 (CHF)
 Buy            983                   50.85 (CHF)
 Buy            983                   50.85 (CHF)
 Buy            982                   50.9 (CHF)
 Buy            955                   50.75 (CHF)
 Buy            929                   50.85 (CHF)
 Buy            877                   50.75 (CHF)
 Buy            876                   50.75 (CHF)
 Buy            765                   50.9 (CHF)
 Buy            759                   50.45 (CHF)
 Buy            732                   50.55 (CHF)
 Buy            727                   50.75 (CHF)
 Buy            716                   50.995 (CHF)
 Buy            668                   50.7 (CHF)
 Buy            651                   50.85 (CHF)
 Buy            597                   50.85 (CHF)
 Buy            516                   51.05 (CHF)
 Buy            494                   50.2 (CHF)
 Buy            478                   50.55 (CHF)
 Buy            478                   50.75 (CHF)
 Buy            448                   50.6 (CHF)
 Buy            441                   50.8 (CHF)
 Buy            441                   50.75 (CHF)
 Buy            433                   50.65 (CHF)
 Buy            431                   50.75 (CHF)
 Buy            400                   50.35 (CHF)
 Buy            386                   50.85 (CHF)
 Buy            355                   50.6 (CHF)
 Buy            344                   51 (CHF)
 Buy            340                   50.85 (CHF)
 Buy            312                   50.6 (CHF)
 Buy            258                   50.75 (CHF)
 Buy            248                   50.85 (CHF)
 Buy            235                   50.5 (CHF)
 Buy            228                   50.45 (CHF)
 Buy            227                   50.55 (CHF)
 Buy            219                   50.35 (CHF)
 Buy            219                   50.35 (CHF)
 Buy            210                   50.45 (CHF)
 Buy            205                   51 (CHF)
 Buy            205                   50.6 (CHF)
 Buy            200                   50.85 (CHF)
 Buy            191                   50.45 (CHF)
 Buy            191                   50.65 (CHF)
 Buy            187                   50.8 (CHF)
 Buy            181                   50.85 (CHF)
 Buy            175                   50.675 (CHF)
 Buy            167                   50.6 (CHF)
 Buy            158                   50.85 (CHF)
 Buy            157                   50.95 (CHF)
 Buy            147                   51 (CHF)
 Buy            134                   50.5 (CHF)
 Buy            133                   50.7 (CHF)
 Buy            131                   51.05 (CHF)
 Buy            130                   51.05 (CHF)
 Buy            128                   50.55 (CHF)
 Buy            119                   50.2 (CHF)
 Buy            119                   50.2 (CHF)
 Buy            118                   50.6 (CHF)
 Buy            118                   50.45 (CHF)
 Buy            118                   50.45 (CHF)
 Buy            118                   50.3 (CHF)
 Buy            118                   50.5 (CHF)
 Buy            118                   50.6 (CHF)
 Buy            118                   50.45 (CHF)
 Buy            118                   50.6 (CHF)
 Buy            118                   50.45 (CHF)
 Buy            117                   50.65 (CHF)
 Buy            115                   50.975 (CHF)
 Buy            113                   50.6 (CHF)
 Buy            110                   50.65 (CHF)
 Buy            109                   50.875 (CHF)
 Buy            108                   50.6 (CHF)
 Buy            104                   50.55 (CHF)
 Buy            100                   51 (CHF)
 Buy            87                    50.8 (CHF)
 Buy            77                    50.6 (CHF)
 Buy            76                    51 (CHF)
 Buy            64                    50.55 (CHF)
 Buy            64                    50.55 (CHF)
 Buy            30                    50.75 (CHF)
 Buy            26                    50.55 (CHF)
 Buy            17                    50.9 (CHF)
 Buy            1                     50.35 (CHF)
 Sell           5072                  51 (CHF)
 Sell           1111                  50.2 (CHF)
 Sell           987                   50.65 (CHF)
 Sell           962                   50.8 (CHF)
 Sell           941                   50.65 (CHF)
 Sell           904                   50.65 (CHF)
 Sell           900                   50.2 (CHF)
 Sell           872                   50.9 (CHF)
 Sell           867                   51 (CHF)
 Sell           851                   50.9 (CHF)
 Sell           849                   51.05 (CHF)
 Sell           846                   50.9 (CHF)
 Sell           829                   51 (CHF)
 Sell           716                   50.955 (CHF)
 Sell           716                   50.555 (CHF)
 Sell           628                   50.9 (CHF)
 Sell           616                   50.9 (CHF)
 Sell           614                   50.85 (CHF)
 Sell           572                   50.2 (CHF)
 Sell           547                   50.45 (CHF)
 Sell           547                   50.5 (CHF)
 Sell           520                   50.95 (CHF)
 Sell           500                   50.35 (CHF)
 Sell           500                   50.8 (CHF)
 Sell           500                   50.7 (CHF)
 Sell           500                   50.45 (CHF)
 Sell           494                   50.85 (CHF)
 Sell           492                   50.65 (CHF)
 Sell           491                   50.7 (CHF)
 Sell           482                   50.7 (CHF)
 Sell           476                   50.95 (CHF)
 Sell           470                   50.7 (CHF)
 Sell           439                   50.7 (CHF)
 Sell           431                   50.65 (CHF)
 Sell           429                   50.65 (CHF)
 Sell           427                   50.85 (CHF)
 Sell           412                   50.9 (CHF)
 Sell           402                   50.2 (CHF)
 Sell           356                   50.7 (CHF)
 Sell           335                   50.4 (CHF)
 Sell           328                   50.45 (CHF)
 Sell           328                   50.55 (CHF)
 Sell           321                   50.65 (CHF)
 Sell           321                   50.7 (CHF)
 Sell           300                   50.35 (CHF)
 Sell           288                   50.8 (CHF)
 Sell           282                   50.45 (CHF)
 Sell           267                   50.55 (CHF)
 Sell           257                   50.95 (CHF)
 Sell           252                   51 (CHF)
 Sell           245                   50.8 (CHF)
 Sell           245                   50.5 (CHF)
 Sell           242                   50.2 (CHF)
 Sell           240                   50.95 (CHF)
 Sell           233                   50.65 (CHF)
 Sell           232                   50.9 (CHF)
 Sell           229                   50.75 (CHF)
 Sell           220                   50.85 (CHF)
 Sell           212                   50.65 (CHF)
 Sell           210                   50.2 (CHF)
 Sell           202                   50.5 (CHF)
 Sell           200                   50.2 (CHF)
 Sell           200                   50.35 (CHF)
 Sell           182                   50.45 (CHF)
 Sell           173                   50.4 (CHF)
 Sell           155                   50.4 (CHF)
 Sell           143                   50.55 (CHF)
 Sell           139                   50.35 (CHF)
 Sell           136                   50.9 (CHF)
 Sell           133                   50.55 (CHF)
 Sell           130                   51.05 (CHF)
 Sell           128                   50.55 (CHF)
 Sell           123                   50.35 (CHF)
 Sell           122                   50.9 (CHF)
 Sell           120                   50.6 (CHF)
 Sell           120                   50.65 (CHF)
 Sell           119                   50.35 (CHF)
 Sell           118                   50.7 (CHF)
 Sell           118                   50.45 (CHF)
 Sell           118                   50.35 (CHF)
 Sell           118                   50.45 (CHF)
 Sell           117                   51 (CHF)
 Sell           117                   51 (CHF)
 Sell           117                   51.1 (CHF)
 Sell           107                   50.2 (CHF)
 Sell           99                    50.85 (CHF)
 Sell           83                    50.65 (CHF)
 Sell           80                    50.7 (CHF)
 Sell           78                    50.4 (CHF)
 Sell           69                    50.5 (CHF)
 Sell           68                    50.35 (CHF)
 Sell           56                    50.2 (CHF)
 Sell           52                    50.9 (CHF)
 Sell           52                    50.2 (CHF)
 Sell           50                    50.9 (CHF)
 Sell           48                    50.6 (CHF)
 Sell           35                    50.65 (CHF)
 Sell           33                    50.905 (CHF)
 Sell           32                    50.2 (CHF)
 Sell           25                    50.2 (CHF)
 Sell           21                    50.3 (CHF)
 Sell           14                    50.35 (CHF)
 Sell           13                    50.65 (CHF)
 Sell           7                     50.65 (CHF)
 Sell           5                     50.7 (CHF)
 Sell           1                     50.85 (CHF)


      TOTAL BUYS:36408
      TOTAL SELLS:39231
      (b) Derivatives transactions (other than options) 
   Product name, e.g. CFD  Long/short (Note 5)  Number of securities  Price per unit (Note
                                              (Note 6)              4)
                                                                     


  
    (c)  Options transactions in respect of existing securities 
      (i)  Writing, selling, purchasing or varying 
   Product name,e.g. call option  Writing, selling,     Number of securities  Exercise price  Type, e.g. American,  Expiry date  Option
money
                                purchasing, varying   to which the option                   European etc.                      paid/received
per
                                etc.                  relates (Note 6)                                                         unit (Note
4)
                                                                                                                                


  
    (ii)  Exercising 
   Product name, e.g. call option  Number of securities  Exercise price per unit
                                                       (Note 4)
                                                        


  
    (d)  Other dealings (including new securities) (Note 3) 
   Nature of transaction (Note 7)  Details  Price per unit (if applicable) (Note
                                          4)
                                           


  
    4.  OTHER INFORMATION 
      Agreements, arrangements or understandings relating to options or derivatives 
   Full details of any agreement, arrangement or understanding between the
 person disclosing and any other person relating to the voting rights of any
 relevant securities under any option referred to on this form or relating to
 the voting rights or future acquisition or disposal of any relevant
 securities to which any derivative referred to on this form is referenced. If
 none, this should be stated.



  
    Is a Supplemental Form 38.5(b) attached?  (Note 8)   No
  
 Date of disclosure                            07-Aug-2008 
 Contact name                                  Collins,Carolyn/ Crawley, Simon
 Telephone number                              44 20 7888 0241
 Name of offeree/offeror with which connected  Adecco
 Nature of connection (Note 9)                 ADVISOR


  
    Notes 
The Notes on Form 38.5(b) can be viewed on the Takeover Panel's website at www.thetakeoverpanel.org.uk. 



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