Pall Mall Capital Advises Odgers Management and Senior Employees in Acquisition of a Majority Stake in the Business From OPD

LONDON, February 1 - The management, senior employees and the Employee Benefit Trust of Odgers
Berndtson, the UK's largest headhunter, have recently finalised the
acquisition of a majority interest in International Resources Group Ltd
("Odgers") from its parent company OPD Group plc ("OPD"). OPD will continue
to hold the remaining interest in the business.

The majority stake was sold to a new company ("Newco"), formed for the
purpose of this transaction and advised by Pall Mall Capital Limited, a
leading international corporate finance advisory boutique.

Newco paid a total consideration of GBP16.0 million. This comprised
GBP5.05 million in cash, the issue of a GBP6.0 million loan note and a 49.5%
shareholding in Newco (which is valued at GBP4.95 million).

In addition, Pall Mall Capital advised Odgers on the raising of a
revolving finance facility and acquisition finance term loan to enable the
transaction to go ahead.

The transaction was announced on the 17th December 2009, subject to OPD
shareholder approval, and on the 8th January 2010 the OPD Shareholders
approved of the transaction with a majority of over 99%.

Alexander Crawford, Managing Director, and John W. Cutts, the Chief
Executive of Pall Mall Capital comment: "We are delighted to have had the
opportunity to work with the high quality management team at Odgers on this
transaction. The co-investment model created for the transaction is ideal for
all parties concerned in that it aligns the commercial interests of OPD
shareholders and the management and employees of Odgers going forward. The
focus on shared risks and rewards of ownership will enhance the ability to
attract, retain and motivate key employees."

Pall Mall Capital is a boutique corporate finance advisory house with 18
years of experience and specialising in complex cross-border transactions.
Innovative, tailor-made solutions are delivered by experienced and respected
professionals of which 15 are in London. They have access to more than 50
senior bankers globally through the Pall Mall Alliance, by which Pall Mall
Capital can combine local market knowledge with funding from the London and
International Capital Markets. John W. Cutts has led Pall Mall Capital since
its acquisition in 2001. He was previously the Head of European Corporate
Finance at the WestLB Group and former Executive Director of European Mergers
& Acquisitions at Samuel Montagu & Co. Limited. Alexander Crawford joined
Pall Mall Capital in 2004 from JP Morgan where he had most recently led the
South African M&A team and advised the South African government on the IPO of
its majority stake in Telkom SA. The Non-Executive Chairman is George Loudon,
previously Chairman and Chief Executive of Midland Montagu.

Editor's Notes

Pall Mall Capital Limited which is authorised and regulated by the
Financial Services Authority, is acting exclusively for Newco in connection
with the Transaction and is not acting for any person other than Newco and
will not be responsible to any person other than Newco for providing the
protections afforded to its customers or for providing advice on the
Transaction and arrangements proposed in this announcement.

This announcement is for information only and does not constitute an
offer or invitation to acquire or dispose of any securities or investment
advice in any jurisdiction.

Past performance is no guide to future performance and persons needing
advice should consult an independent financial adviser.

The information contained in this announcement does not constitute an
offer to sell or the solicitation of an offer to buy any security.
Distribution of the information contained in this announcement, into or
within jurisdictions other than the United Kingdom may be restricted by law
and, therefore, persons into whose possession this announcement comes should
inform themselves about and observe any such restrictions. Any failure to
comply with any such restrictions may constitute a violation of the
securities laws of the relevant jurisdiction.

Michael Symes, Strand Financial Limited T: +44(0)-20-7520-9216 M: +44(0)7736-008270