The ReThink Group plc : Trading Update

Trading Update

The ReThink Group plc

("ReThink" or the "Group")

Trading Update

In-line ReThink Continues Expansion Momentum

The ReThink Group (AIM: RTG), one of the UK's leading recruitment and consulting companies, is pleased to update on trading for the year ended 31 December 2011.

The Board is pleased to confirm that results for 2011 are expected to be in-line with market expectations. Profit before tax is expected be in excess of £1.8m for the year (2010: £0.92m). Revenues, which have increased across all operating divisions in all geographies, including the UK, are expected to be in the region of £80m (2010: £56.4m). Tight control of working capital has enabled the balance sheet to remain strong.

ReThink is also delighted to announce that the Group has established a team in Houston, Texas to service existing major clients. The venture marks the first formal presence for the Group in the U.S and is expected to be earnings enhancing during 2012.

In addition, ReThink has expanded the Pharmaceutical division of the Berkley Group into the UK. ReThink acquired the Irish company, Berkley Recruitment Group, in June last year, with the strategic rationale behind the acquisition being the company's excellent track record, its presence in Europe and Asia and, importantly, it's pharmaceutical and life sciences presence which brought new divisional coverage to the enlarged Group.

Jon Butterfield, Chief Executive of ReThink commented: "I am delighted that we have continued our track record of growth in what have been very difficult markets. This continued growth in an uncertain environment is testament to the quality of the Group's service offering and dedication of our staff".

"I am particularly pleased that unlike many of our competitors, we have continued to grow our revenues and profits in the UK market, as well as internationally. Berkley Recruitment, which was acquired in June 2011, has been successfully integrated into the Group and has increased our presence in the important Asian markets as well as expanded our divisional coverage in our traditional markets.

"I am confident that we are well placed to continue our track record of substantialgrowth."

ENQUIRIES:

The ReThink Group plc
 Jon Butterfield, Chief Executive Officer - Tel: [phone]

Merchant Securities Limited (Nominated Adviser and Joint Broker)
David Worlidge/Simon Clements - Tel: [phone]

Rivington Street Limited (Joint Broker)
Peter Greensmith - Tel: [phone]

Threadneedle Communications
John Coles/Fiona Conroy - Tel: [phone]

About The ReThink Group plc

The ReThink Group plc is an AIM listed recruitment and consulting company. The Group operates from nine locations globally, supporting clients in the UK, Europe, the Middle East and Asia Pacific and has over 800 consultants working on client assignments.

The Group has four main operating companies: ReThink Recruitment, a supplier of business and technology staff on a permanent and contract basis; Aiimi, a Business Transformation and Technology Services company that specialises in the delivery of business intelligence and enterprise content management solutions; ReThink Professional Services a provider of Recruitment Process Outsourcing; and Berkley, a leading global provider of permanent and contract resources to the Pharmaceutical and Life Sciences, Engineering, IT and Commercial sectors.