Overview

Hydrogen is a global specialist recruitment group focused on mid- to senior-level roles across the disciplines of Business Technology & Transformation, Finance, Trading & Advisory, Legal, HR, Oil & Gas, Power and Pharmaceutical. Our clients work with us because we have relationships with specialist candidates they cannot find themselves.

Over the first six months of 2011, we have out performed Board’s expectations with contract business delivering a second consecutive period of record performance. Our Net Fee Income (“NFI”) up approximately 40% year on year, whilst our permanent recruitment market got off to a slow start, activity has steadily increased.

Internationally, we continue to make good progress and have maintained a split of approximately one third of our NFI coming from international markets. We have strengthened operations in Australia and Singapore through the relocation of two experienced Managing Directors from the UK and expanded our reach by opening up a new office in Hong Kong.

For the year ending 31st December 2010 Hydrogen Group recorded revenue of £123.4million (2009: £74.1million), gross profit of £27.6million (2009: £16.8million) and profit before tax was £2.5million (2009: loss of £5.5million after exceptional costs).

Hydrogen Group plc was incorporated in England & Wales.

The Ordinary Shares of the Company have not been nor will they be registered under the United States Securities Act of 1933, as amended (“Securities Act”), or under the securities laws of any state of the United States or under the applicable securities laws of Australia, the Republic of South Africa, the Republic of Ireland, Japan or Canada. Accordingly, subject to certain exceptions, the Ordinary Shares may not, directly or indirectly, be offered, sold, transferred, taken up or delivered, directly or indirectly, in the United States, Australia, the Republic of South Africa, the Republic of Ireland, Japan or Canada or for the benefit of any US person (as defined in Regulation S under the Securities Act).