Trading Update for the Third Quarter 2012

Trading Update for the Third Quarter 2012 PR Newswire EINDHOVEN, The Netherlands, November 12, 2012 EINDHOVEN, The Netherlands, November 12, 2012 /PRNewswire/ -- This press release contains unaudited financial information. Turnover: Eur 12.9 million in Q3 2012 versus Eur 12.6 million in Q3 2011 (+2.3%); Gross margin excluding subsidies: Eur 4.2 million in Q3 2012 versus Eur 4.3 million in Q3 2011 (-2.8%); Operating result: Eur 1.6 million in Q3 2012 versus Eur 1.8 million in Q3 2011 (-13.0%); Headcount at the end of Q3 2012 506 versus 463 at the end of Q3 2011; Headcount increase of 4 in Q3 2012 versus 8 in Q3 2011. "The continued uncertain economic climate in 2012 has had an adverse impact on the Group results compared to a very strong 2011. Especially the Member Companies TMC Construction and TMC ICT are operating in a challenging market environment, with no evidence indicating a turnaround in the near term. The Member Company Technology is showing continued growth with a stable increase in the number of Employeneurs. However, overall market conditions and governmental policies have put pressure on margins resulting in reduced profitability." Rogier van Beek, CEO/CFO Offer by Time Acquisition B.V. for TMC Group N.V. This press release is issued in view of the press release dated 12 November 2012 issued by Time Acquisition B.V. and TMC Group N.V. confirming commencement of the recommended all-cash public offer by Time Acquisition B.V.