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As part of Hydrogen Group’s transformation, Hydrogen rebrands Darwin Park

Press Releases   •   Sep 20, 2012 08:35 GMT

London – September 20th - Darwin Park is an award winning specialist global recruitment business
supporting both the oil & gas and power industries. Started in 2008, with a team of just five people,
the business has now grown substantially with 50 consultants in six global office locations, placing
contract and permanent sector specialists across Europe, Middle East, Asia and Australia.

Darwin Park is part of the Hydrogen Group, which places exceptionally hard to find candidates in over
70 countries. In 2008, Hydrogen set out its Vision to transform the business from a UK-centric
recruiter to a recognised global brand, structured around 10 specialist practices. As the final part of
this transformation each of the individual brands within the Hydrogen Group, will be rebranding to
Hydrogen over the next six months, with the technical & scientific brand Darwin Park leading the way
on Thursday 20th September.

Hydrogen’s practice led strategy has seen the creation of 10 practices covering both technical &
scientific and professional support services specialist areas, supported by global practice leaders. The
rebrand to Hydrogen, as well as the implementation of a cloud based CRM system, using leading
edge technology, facilitates the sharing of information across the entire business, enabling Hydrogen
to operate as practices instead of individual areas.

Tim Smeaton, Hydrogen’s CEO said "By operating as joined up practices, we can differentiate
ourselves from the local competition and disparate global players."

Each consultant continues to provide specialist knowledge, but is now supported by a network of
experts across their six worldwide offices, providing both clients with global visibility of the best
candidates and candidates with worldwide opportunities. Meaning the best specialist candidates from
around the world are linked with world class clients.

Commenting on the rebrand of Darwin Park, Rory Ferguson, Director, Oil & Gas Practice at Hydrogen
said, “Over the last five years our oil & gas and power practice markets have rapidly expanded to
meet client demand. When we first set up Darwin Park we were predominantly UK based, however by
now operating as a joined up global practice our offering is worldwide.”

“This is an exciting development for us. Becoming more widely recognised as Hydrogen will help our
clients, wherever they are in the world, access a wider, global pool of talent, whilst our candidates
have more international opportunities.” said Emma Halls, Global Power Practice Leader.
Darwin Park will be the first brand within the Group to move across to Hydrogen, and will be followed
by Hydrogen’s other brands: Project Partners, HR Professionals, Law Professionals and Finance
Professionals, in H1 2013.

Media contact:
Sam Proctor
Head of Communications
+44 771 444 7423
+44 207 090 7711
samanthaproctor@hydrogengroup.com
www.hydrogengroup.com

About Hydrogen
Hydrogen is a global specialist recruitment business, placing exceptional, hard to find candidates in
over 70 countries. Our joined up practices combine international reach with local expertise and
specialist knowledge.

Whilst many recruiters are location focused, Hydrogen believes the best way to deliver service to its
clients and candidates is to base our offering around these practices, which cover both Technical &
Scientific (Power, Mining, Oil & Gas and Life Sciences), and Professional Support Services (Business
Transformation, Finance, HR, Legal, Trading & Advisory and Transformational Technology). By being
practice led and using the latest technology we provide our clients with global visibility of the best
candidates.

We invest in building strong relationships with candidates over the long-term, not just when they are
actively looking to move.

On September 20th, Darwin Park will take on the name of its parent company and rebrand to Hydrogen taking further steps to deliver against its global practice led strategy.

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“Running all over the world” Global recruiters, Hydrogen Group, now take on London’s JP Morgan Corporate Challenge

Press Releases   •   Jul 19, 2012 08:07 GMT

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Global recruiter, Hydrogen Group, wins Britain’s Top Employer award for sixth consecutive year.

Press Releases   •   Apr 02, 2012 08:52 GMT

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Global specialist recruiters, Hydrogen, focus on global mobility as senior employees relocate for new international roles

Press Releases   •   Jan 09, 2012 21:00 GMT

Emma Halls, Director of Australia, has returned to theUK to head up Hydrogen’s power and mining specialism. With Emma’s leadership, Hydrogen’s Australian operation has grown 126% year on year since opening in 2008, achieving a turnover of AUS$12.3m in 2010, and operating across; business transformation, transformational technology, finance, legal, oil and gas practices.

After 12 years with Hydrogen, Regional Managing Director, Ivan Jackson moved toSydney early in 2011, as part of Hydrogen’s planned investment forAustralia. Since his arrival, he’s been working closely with Emma Halls to ensure a smooth transition for candidates and clients.

Apportioning expertise across the business, Steve McBride will be transferring toAustraliato manage the oil and gas practice. Steve has been a manager of Hydrogen’s oil and gas business in EMEA since 2008 and has relocated to bring a wealth of experience to support theAustraliamarket.

 Tim Smeaton, Hydrogen Group’s CEO, said, “This is an exciting time for us to continue building on our success in the Australian region, and with Steve’s move, our global oil and gas practice. These changes also further demonstrate our commitment to global mobility internally by relocating Emma, Ivan and Steve, as well as promoting it externally with our annual Global Professionals on the Move report.”

Hydrogen’s Global Professionals on the Move Report

Hydrogen has long been committed to global mobility, moving over 40 employees within the last 18 months. With the support of consultancy project team, ESCP Europe, they annually conduct research into candidate’s global aspirations and experiences. They are currently working on the second award winning Global Professionals on the Move Report set to be released in 2012.

About Hydrogen

Hydrogen is an award winning, London Stock Exchange listed, recruitment consultancy with a focus on mid to senior level opportunities. They operate globally with over 350 employees and offices acrossAustralia, Asia Pacific and EMEA, with a research function spanning 40 countries ensuring relevant market intelligence and increased sourcing capabilities in talent scarce environments.

As a business, Hydrogen believes in building relationships with exceptional candidates that clients can’t find themselves; is structured around global practices combining international reach with local expertise and specialist knowledge; and delivers on their promises of always being professional, straightforward and positive.

For more information visit: www.hydrogengroup.com

After a successful 2011, global specialist recruiter, Hydrogen, has moved around a number of senior employees to share experience and knowledge of different markets.

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Hydrogen Group Pre-Close Trading Update

Press Releases   •   Jan 09, 2012 08:00 GMT

Hydrogen, the specialist recruitment business, is today issuing a trading update in respect of its financial year ended 31 December 2011.

Whilst recruitment markets have continued to be affected by global macroeconomic instability, the Group has been able to deliver a 9% increase in Net Fee Income (“NFI”) to approximately £30m (2010: £27.6m) and expects to report PBT at the top end of the range of analyst forecasts. This continued growth in an uncertain environment is testament to the Group’s careful investment in recent years to take the business into new markets as well as an ongoing emphasis on controlling costs.

Our Pharmaceuticals practice launched last year has performed exceptionally well, particularly in Europe, growing NFI by more than 140% during the year. Our Oil & Gas business, which was launched in 2008, continues to perform impressively, growing NFI by more than 60% to approximately £6.4m (2010: £3.9m). These two comparatively new ventures now contribute 29% of Group NFI, and demonstrate our capability to identify and deliver in new growth markets.

In the UK, the Group’s contract business performed well driven by a strong performance in Technology, and we established an office in Edinburgh to meet client demand in this sector. There has been an ongoing trend towards contract placements in Financial Services, where permanent hiring has slowed. As a result, contract placements accounted for 55% of Group NFI during the year, against 46% in 2010, giving the Group a welcome increase in the visibility of future earnings during a period of economic uncertainty.

In line with our strategy of international expansion we opened an office in Hong Kong during the first half of the year, and are confident that this will be a key location in the growth of our business in the Asian region. International NFI increased to approximately 36% of NFI (2010: 32%) for the year, despite the strong performance of the UK business.

Notwithstanding the increase in the proportion of contract revenue, tight control of working capital has enabled the balance sheet to remain strong, with an expected marginal reduction in net debt from £2.2m at the end of 2010, comfortably within our banking facilities, which were extended to February 2014 during the year.

Commenting, Ian Temple, Executive Chairman, said:
“I am delighted to report a year of good growth for the Group. This resilient performance is testament to the Group’s strategy, the quality of our practices and the strength of our people.

Through careful investment in the business throughout the year we have increased headcount and strengthened our position in key markets whilst maintaining tight control of costs.

We enter 2012 conscious of the current macroeconomic uncertainties, particularly with regard to weakness in the UK economy and the Financial Services sector. However, we will maintain our strategy of selective investment and cost control, and are well placed to take advantage of any growth opportunities as they arise.”

Enquiries:

Hydrogen Group plc 020 7240 2500
Ian Temple, Executive Chairman
Tim Smeaton, Chief Executive

Hudson Sandler 020 7796 4133
Kate Hough
Alex Brennan

Oriel Securities (NOMAD) 020 7710 7600
Nicholas How
Emma Griffin

Notes to Editors:

Hydrogen is a leading international specialist recruitment group that places high quality staff into clients on a permanent and contract basis and operates across four core sectors: Technology, Finance, Professional and Engineering. In each of these areas we have scale and strong brand recognition.

As a Group, we are focused on finding and building local and global relationships with hard to find, in
demand, specialist candidates that clients cannot source themselves. We continue to leverage these
strengths to grow and develop our offering into new markets and geographies, and have placed
candidates in over 40 countries in the last 12 months.

The Group currently has approximately 360 employees globally, and 47% of fee earning staff are
international facing.

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Hydrogen Group is proud to be a platinum winner of the MarCom Awards for its 2011 Global Professionals on the Move report

News   •   Nov 07, 2011 15:10 GMT

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Global recruiters, Hydrogen, get an early morning wake up call to raise over £17k for charity

Press Releases   •   Oct 19, 2011 07:00 GMT

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City A.M. - Profits Rise at Hydrogen

News   •   Sep 06, 2011 14:09 GMT

6th September 2011 - Profits at international recruitment group Hydrogen rose by 64 per cent in the six months to the end of June, the company said yesterday, as revenues increased by 45 per cent to £80m. Profits before tax were £1.8m and net fee income hit £15.1m. “The profit increase was driven purely by increasing revenues, with no cost cutting,” chief executive Tim Smeaton told City A.M. “During the same period we’ve increased headcount to 350 staff.” Hydrogen saw a particularly strong performance in its engineering division, where net fee income was up 71 per cent to £2.9m. Its contract group also performed well, with net fee income at £8.1m – up 41 per cent from last year. Hydrogen recently opened an office in Hong Kong, and 40 per cent of the group’s fee earning headcount now comes from international markets.

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FinnCap - Hydrogen Group Strong Interim Results

News   •   Sep 06, 2011 14:06 GMT

6th September 2011 - The results reflected a strong H1 with PBT up 65%. Despite recent share price relative outperformance to its peers, the stock remains at a discount of 11% to the smallcap recruitment companies and a yield premium of 6%. We retain our Buy recommendation.

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Unaudited Condensed Consolidated Interim Report for the six months ended 30 June 2011

Press Releases   •   Sep 05, 2011 15:54 GMT

5 September 2011 - UNAUDITED CONDENSED CONSOLIDATED INTERIM REPORT FOR THE SIX MONTHS ENDED 30 JUNE 2011

The Board of Hydrogen Group Plc (“Hydrogen” or “the Group”), the specialist international recruitment Group, is pleased to announce its unaudited interim results for the six months ended 30 June 2011.

Financial Highlights



    • Group revenue increased by 45% to £80.0m (2010: £55.2m)
    • Group net fee income (‘NFI’) increased by 14% to £15.1m (2010: £13.2m)
    • Profit before tax increased by 64% to £1.8m (2010: £1.1m)
    • Profit conversion (ratio of profit before tax: NFI) increased by 50% to 12% (2010: 8%)
    • Basic earnings per share increased by 76% to 6.01p (2010: 3.42p)
    • Reduction in net debt to £1.5m (31 December 2010 £2.2m)
    • Interim dividend maintained at 1.4p (2010: 1.4p)



Operating Highlights



    • Strong contract performance with NFI up 41% to £8.1m (2010: £5.7m)
    • NFI from Engineering increased by 71% to £2.9m (2010: £1.7m)
    • Hong Kongoffice opened in April 2011
    • Headcount servicing international markets increased by 13% to 112 (31 December 2010: 99), representing 40% of Group fee earning headcount (31 December 2010: 38%)



Commenting, Ian Temple, Executive Chairman of Hydrogen Group plc said:

“The Group has delivered good results for the first six months of the year. A strong performance from our contract business, combined with continued tight control of costs has enabled us to increase profitability, whilst carefully investing in our international network to ensure we are well positioned for medium-term growth.

Whilst uncertainty in the macro economic outlook continues to result in reduced visibility in our markets, the Group is performing in line with expectations, with our performance in July and August broadly consistent with that of the previous quarter.”

Enquiries:

Hydrogen Group Plc 020 7240 2500

Ian Temple, Executive Chairman

John Glover, Finance Director

Hudson Sandler 020 7796 4133

Financial PR Advisers

Kate Hough

Alex Brennan

Oriel Securities 020 7710 7600

NOMAD to Hydrogen

Nicholas How

Emma Griffin

An analyst meeting will be held at 11:30am at Hydrogen’s offices, Nicholas House, 3 Laurence Pountney Hill, London, EC4R 0EU on 5 September 2011.

Notes to Editors:

Hydrogen is a leading international specialist recruitment group that places high quality staff into clients on a permanent and contract basis and operates across four core sectors: Technology, Finance, Professional and Engineering. In each of these areas we have scale and strong brand recognition.

As a Group, we are focused on finding and building local and global relationships with hard to find, in demand, specialist candidates that clients cannot source themselves. We continue to leverage these strengths to grow and develop our offering into new markets and geographies, and have placed candidates in over 40 countries in the last 12 months.

The Group currently has approximately 350 employees globally, of which 40% are international facing.

 

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. We operate globally, with specialist research teams spanning over 40 countries focused on sourcing the top 20 per cent of individuals locally and internationally.

The Board of Hydrogen Group Plc (“Hydrogen” or “the Group”), the specialist international recruitment Group, is pleased to announce its unaudited interim results for the six months ended 30 June 2011.

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About Hydrogen Group

Hydrogen is a specialist recruitment business. We build relationships by finding candidates our clients have difficulty sourcing, placing professionals in over 70 countries.

Our joined up practice teams combine international reach with local expertise and specialist knowledge, to provide visibility of world class candidates.