RNS Number : 6388D
  Credit Suisse Securities (Eur) Ltd
  17 September 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                     16-Sep-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                                    35666   0.020
 (2) Derivatives (other than options)                                 
 (3) Options and agreements to purchase/sell                         
 Total                                                      35666   0.020


  
      (b) Interests and short positions in relevant securities of the company, other than the class dealt in (Note 2) 
   Class Of Relevant Security : Convertibles     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                             398  50 (CHF)
 Buy                             176  50 (CHF)
 Buy                             168  49.54 (CHF)
 Buy                             792  49.8 (CHF)
 Buy                              12  49.8 (CHF)
 Buy                              27  49.8 (CHF)
 Buy                             379  49.8 (CHF)
 Buy                              73  49.8 (CHF)
 Buy                             915  50.05 (CHF)
 Buy                             497  50.05 (CHF)
 Buy                             688  49.92 (CHF)
 Buy                             469  49.94 (CHF)
 Buy                              20  49.94 (CHF)
 Buy                              75  49.94 (CHF)
 Buy                             748  49.915 (CHF)
 Buy                             369  50.25 (CHF)
 Buy                             388  50.45 (CHF)
 Buy                             465  50.4 (CHF)
 Buy                             500  50.15 (CHF)
 Buy                             429  50.25 (CHF)
 Buy                             593  50.6 (CHF)
 Buy                             469  50.75 (CHF)
 Buy                             100  50.75 (CHF)
 Buy                             469  51.3 (CHF)
 Buy                             250  51.3 (CHF)
 Buy                             200  51.3 (CHF)
 Buy                             437  51.05 (CHF)
 Buy                             751  51.05 (CHF)
 Buy                             189  50.45 (CHF)
 Buy                              50  50.2 (CHF)
 Buy                              65  49.98 (CHF)
 Buy                             656  49.98 (CHF)
 Buy                             100  49.98 (CHF)
 Buy                              19  50.35 (CHF)
 Buy                             200  50.2 (CHF)
 Buy                             479  50.25 (CHF)
 Buy                             998  50.1 (CHF)
 Buy                             100  50 (CHF)
 Buy                             152  50.1 (CHF)
 Buy                              99  50.3 (CHF)
 Buy                              99  50.2 (CHF)
 Buy                              99  50.25 (CHF)
 Buy                              99  50.2 (CHF)
 Buy                              99  50.2 (CHF)
 Buy                              99  50.15 (CHF)
 Buy                              60  50.1 (CHF)
 Buy                             473  50.15 (CHF)
 Buy                             474  50.1 (CHF)
 Buy                             474  50.1 (CHF)
 Buy                              68  50.1 (CHF)
 Buy                              99  50.2 (CHF)
 Buy                              99  50.2 (CHF)
 Buy                              99  50.2 (CHF)
 Buy                              38  50.15 (CHF)
 Buy                              61  50.15 (CHF)
 Buy                              34  50.15 (CHF)
 Buy                             300  50.2 (CHF)
 Buy                             100  50.2 (CHF)
 Buy                              99  50.3 (CHF)
 Buy                              82  50.3 (CHF)
 Buy                             812  50.3 (CHF)
 Buy                             132  50.3 (CHF)
 Buy                             140  50.3 (CHF)
 Buy                             189  50.3 (CHF)
 Buy                            1000  50.35 (CHF)
 Buy                             100  50.35 (CHF)
 Buy                               4  50.45 (CHF)
 Buy                              95  50.45 (CHF)
 Buy                              99  50.4 (CHF)
 Buy                              98  50.55 (CHF)
 Buy                              99  50.5 (CHF)
 Buy                             470  50.5 (CHF)
 Buy                              80  50.5 (CHF)
 Buy                              98  50.55 (CHF)
 Buy                             433  50.55 (CHF)
 Buy                             193  50.6 (CHF)
 Buy                            1142  50.6 (CHF)
 Buy                              98  50.75 (CHF)
 Buy                              98  50.9 (CHF)
 Buy                              98  50.8 (CHF)
 Buy                              98  50.75 (CHF)
 Buy                             226  50.75 (CHF)
 Buy                             202  50.75 (CHF)
 Buy                              98  50.8 (CHF)
 Buy                              98  50.9 (CHF)
 Buy                              98  50.95 (CHF)
 Buy                               1  50.9 (CHF)
 Buy                             100  50.9 (CHF)
 Buy                             207  50.9 (CHF)
 Buy                             212  50.9 (CHF)
 Buy                              98  50.85 (CHF)
 Buy                              12  50.8 (CHF)
 Buy                              44  50.8 (CHF)
 Buy                             734  50.75 (CHF)
 Buy                               2  50.75 (CHF)
 Buy                             795  50.75 (CHF)
 Buy                             161  50.75 (CHF)
 Buy                             295  50.55 (CHF)
 Buy                              51  50.55 (CHF)
 Buy                             777  50.45 (CHF)
 Buy                             100  50.45 (CHF)
 Buy                             100  50.45 (CHF)
 Buy                             432  50.45 (CHF)
 Buy                              57  50.65 (CHF)
 Buy                             556  50.6 (CHF)
 Buy                             400  50.6 (CHF)
 Buy                             157  50.7 (CHF)
 Buy                             100  50.7 (CHF)
 Buy                             100  50.7 (CHF)
 Buy                             200  50.7 (CHF)
 Buy                             156  50.4 (CHF)
 Buy                             410  50.35 (CHF)
 Buy                              88  50.35 (CHF)
 Buy                              79  50.55 (CHF)
 Buy                               2  50.55 (CHF)
 Buy                             300  50.55 (CHF)
 Buy                            2818  49.92 (CHF)
 Buy                             918  50.65 (CHF)
 Buy                              69  50.65 (CHF)
 Buy                             469  50.7 (CHF)
 Sell                            228  49.98 (CHF)
 Sell                             44  50 (CHF)
 Sell                            403  49.98 (CHF)
 Sell                            298  50.225 (CHF)
 Sell                            199  50.275 (CHF)
 Sell                            173  49.99 (CHF)
 Sell                           1000  49.98 (CHF)
 Sell                            354  50.025 (CHF)
 Sell                             59  49.78 (CHF)
 Sell                             10  49.74 (CHF)
 Sell                             92  49.8 (CHF)
 Sell                             10  49.8 (CHF)
 Sell                            375  50.15 (CHF)
 Sell                             32  50.1 (CHF)
 Sell                              8  50.3 (CHF)
 Sell                            250  50.25 (CHF)
 Sell                            200  50.25 (CHF)
 Sell                            406  50.45 (CHF)
 Sell                            618  50.35 (CHF)
 Sell                              4  50.35 (CHF)
 Sell                             28  50.3 (CHF)
 Sell                            304  50.2 (CHF)
 Sell                            231  50.4 (CHF)
 Sell                            152  50.35 (CHF)
 Sell                            347  50.35 (CHF)
 Sell                            991  50.45 (CHF)
 Sell                            926  50.45 (CHF)
 Sell                           1017  50.45 (CHF)
 Sell                           1016  50.45 (CHF)
 Sell                           1833  50.4 (CHF)
 Sell                            331  50.55 (CHF)
 Sell                            500  50.6 (CHF)
 Sell                            498  50.8 (CHF)
 Sell                             43  50.9 (CHF)
 Sell                             45  50.9 (CHF)
 Sell                            536  51.3 (CHF)
 Sell                             23  51.2 (CHF)
 Sell                            991  50.45 (CHF)
 Sell                              1  50.55 (CHF)
 Sell                            359  50.3 (CHF)
 Sell                            226  50.3 (CHF)
 Sell                            138  50.35 (CHF)
 Sell                            139  50.35 (CHF)
 Sell                            215  50.3 (CHF)
 Sell                            364  50.2 (CHF)
 Sell                            100  50.4 (CHF)
 Sell                            130  50.4 (CHF)
 Sell                             12  50.4 (CHF)
 Sell                             17  50.4 (CHF)
 Sell                            881  50.35 (CHF)
 Sell                            255  50.3 (CHF)
 Sell                             73  50.2 (CHF)
 Sell                            141  50.3 (CHF)
 Sell                            140  50.3 (CHF)
 Sell                            133  50.4 (CHF)
 Sell                            132  50.4 (CHF)
 Sell                            100  50.5 (CHF)
 Sell                            137  50.5 (CHF)
 Sell                             37  50.5 (CHF)
 Sell                            900  50.5 (CHF)
 Sell                            469  50.6 (CHF)
 Sell                            204  50.6 (CHF)
 Sell                            155  50.75 (CHF)
 Sell                            154  50.75 (CHF)
 Sell                            984  50.85 (CHF)
 Sell                            155  50.75 (CHF)
 Sell                            125  50.8 (CHF)
 Sell                            158  50.8 (CHF)
 Sell                             33  50.8 (CHF)
 Sell                            159  50.8 (CHF)
 Sell                            158  50.8 (CHF)
 Sell                            136  50.75 (CHF)
 Sell                            169  50.75 (CHF)
 Sell                            424  50.75 (CHF)
 Sell                            445  50.9 (CHF)
 Sell                            147  50.65 (CHF)
 Sell                            129  50.5 (CHF)
 Sell                            991  50.45 (CHF)
 Sell                           1118  50.5 (CHF)
 Sell                             27  50.5 (CHF)
 Sell                            991  50.45 (CHF)
 Sell                            192  50.45 (CHF)
 Sell                            209  50.75 (CHF)
 Sell                            237  50.75 (CHF)
 Sell                             26  50.75 (CHF)
 Sell                            257  50.75 (CHF)
 Sell                            683  50.65 (CHF)
 Sell                            380  50.75 (CHF)
 Sell                           3000  50.75 (CHF)
 Sell                           1000  50.8 (CHF)
 Sell                            452  50.8 (CHF)
 Sell                             17  50.8 (CHF)
 Sell                             30  49.92 (CHF)
 Sell                            373  50.45 (CHF)
 Sell                             60  50.45 (CHF)
 Sell                            208  50.55 (CHF)
 Sell                             90  50.65 (CHF)
 Sell                            157  50.75 (CHF)
 Sell                            549  50.75 (CHF)
 Sell                            107  50.75 (CHF)
 Sell                            341  50.65 (CHF)


      Total Buys: 34317
      Total Sells: 34904
      (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                            17.09.2008
 Contact name                                  Simon Crawley; Philipp Abelbeck
 Telephone number                              020 7888 5416
 Name of offeree/offeror with which           Adecco
 connected
 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. 



This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
EMMSFDFSWSASELU

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