Overview

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

Although trading across the global recruitment markets was challenging throughout 2009, in the UK we have seen solid performances from our contract business as well as early signs of increased activity across our permanent business in 2010. Internationally, we have offices in Sydney and Singapore and will continue to expand our international presence in more robust global markets through our proven incubator model.

For the year ending 31 December 2009, Hydrogen Group recorded revenue of £74.1million (2008: £96.2million), gross profit of £16.8million (2008: £26.7million) and profit before tax and exceptional items amounted to of £0.3million (2007: £3.7million).

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).