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Investors to Retain All of Manpower Inc. Zero-Coupon Convertible Debentures

Aug 19, 2002

Manpower Inc. (NYSE: MAN) today announced that none of the holders of its Zero-Coupon Convertible Debentures due August 17, 2021 elected to exercise their right to require the Company to repurchase their Debentures. This right expired August 16, 2002 at 5:00 p.m. and, as a result, the entire $435.4 million principal amount at maturity will remain outstanding.

Manpower Inc. is a world leader in the staffing industry, providing workforce management services and solutions to customers through 3,900 offices in 61 countries. The firm annually provides employment to 2 million people worldwide and is an industry leader in employee assessment and training. Manpower also provides a range of staffing solutions, engagement and consulting services worldwide under the subsidiary brands of Brook Street, Elan, The Empower Group and Jefferson Wells. More information on Manpower Inc. can be found at the company's Web site. .


SOURCE: Manpower Inc.

CONTACT: Mike Van Handel, Chief Financial Officer of Manpower Inc.,

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