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Washington Mutual Announces Online Recruitment Site Agreement with Monster.com for Online Recruiting Technology

SEATTLE--(BUSINESS WIRE)--May 7, 2001--Washington Mutual, Inc. (NYSE:WM), the nation's seventh largest financial services company, today announced its agreement with Monster.com(R), the leading global online careers site and flagship brand of TMP Worldwide Inc. (Nasdaq:TMPW).

Monster.com will power an innovative package of online recruiting tools and services for Washington Mutual. Washington Mutual's human resources professionals can now post over 1,600 job openings in 42 states nationwide online at its corporate website, www.wamu.com.

This special recruiting package will assist Washington Mutual's human resources professionals in finding the most qualified candidates nationwide, as jobs are searchable according to geographic region and job type. Monster.com will power the job listings site for Washington Mutual and provide Monster's advanced online application technology. Potential employees can submit their applications online or download the application and fill it out manually.

"Washington Mutual is a thriving financial services company, and finding talented individuals to join our team is crucial to our continued growth and success," said Adrian Byrd-Pina, senior vice president for Talent Acquisition at Washington Mutual. "To fulfill our staffing needs, we must reach a large number of applicants and make it easy for them to apply, and the use of Monster.com's job searching and online application technology enables us to accomplish that."

"With Monster.com powering the job searching and online application technology for Washington Mutual's 1,600 open positions nationwide, the recruitment process is simplified into one easy-to-use system for the employer and the job seeker," said Steve Pogorzelski, Group President -- Sales, Marketing and Customer Relations, Monster.com. "Monster.com will positively impact the time, cost and quality associated with finding qualified candidates for Washington Mutual, as potential employees are now able to access the huge database of jobs from across the nation."

Washington Mutual has been recognized as one of the top employers in the nation by several publications and organizations. In 2000, it was named "One of the Best Companies to Work For" by Washington CEO magazine. Working Woman magazine recently ranked the company fourth in the nation in the Top 25 Companies for Executive Women. The company also received the "Employer of the Year" award at the National Business Leadership Summit 2000 for its success in promoting the hiring of people with disabilities and was ranked 22nd in "America's 50 Best Companies for Minorities" by Fortune Magazine in the July 10, 2000 issue.

Washington Mutual currently employs over 30,000 employees and has open positions ranging from entry-level to upper management. Most employees who work 20 or more hours per week are eligible for benefits, including medical and dental coverage, paid time off for vacation and illness, home buyer discounts, a 401(k) plan, pension and stock purchase plans, and tuition reimbursement. Training programs are provided for management, sales, service, and support positions. Additionally, performance awards and other incentive programs are in place to reward high standards of performance. Washington Mutual employees are granted four hours of paid time off each month to do volunteer work in the community.

About Monster.com

Monster.com, headquartered in Maynard, Mass., is the leading global careers website, recording over 26.1 million unique visits during the month of March 2001 according to independent research conducted by I/PRO. Monster.com connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster.com global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong, France, Germany, Ireland, Spain, Luxembourg, India and Italy. More information about Monster.com is available at www.monster.com or by calling 1-800-MONSTER.

About TMP Worldwide

Founded in 1967, TMP Worldwide Inc., with more than 9,500 employees in 32 countries, is the online recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search and Executive Selection agencies. TMP Worldwide, headquartered in New York, is also the world's largest Yellow Pages advertising agency and a provider of direct marketing services. The company's clients include more than 90 of the Fortune 100 and more than 480 of the Fortune 500 companies. More information about TMP Worldwide is available at www.tmp.com.

About Washington Mutual

With a history dating back to 1889, Washington Mutual, Inc. (NYSE:WM) is a national financial services company that provides a diversified line of products and services to consumers and small- to mid-sized businesses. At March 31, 2001, Washington Mutual and its subsidiaries had assets of $219.93 billion. Washington Mutual currently operates more than 2,300 consumer banking, mortgage lending, commercial banking, consumer finance and financial offices throughout the nation. Washington Mutual's news releases are available at www.wamu.com.

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CONTACT: Washington Mutual
Libby Hutchinson, 206/461-2484
libby.hutchinson@wamu.net
or
Monster.com
Kevin Mullins, 978/461-8751
kevin.mullins@monster.com
or
The Weber Group
Kelly Sullivan, 617/520-7239
ksullivan@webergroup.com