ADECCO : FORMS COLLABORATION WITH MICROSOFT TO PREPARE AND EMPOWER WORKERS AS GENERATIVE AI BEGINS TO REDEFINE WORK

Group press release, Zurich, Switzerland, October 3, 2023

THE ADECCO GROUP FORMS COLLABORATION WITH MICROSOFT TO PREPARE AND EMPOWER WORKERS AS GENERATIVE AI BEGINS TO REDEFINE WORK

GenAI powered career-platform to be launched supporting workers throughout their career journey

• Companies sign a Memorandum of Understanding with four areas of focus: responsible and ethical use of GenAI by organisations; inclusive use of GenAI at work; organisation adoption of GenAI; joint go-to-market solutions
• Companies announce the co-development of a GenAI powered career-platform to support workers to maintain their skills currency, and employability in an evolving labour market

Zürich, Switzerland, 3 October, 2023: The Adecco Group announces today that it signed a Memorandum of Understanding (MOU) with Microsoft focused on enabling worker preparedness as Generative AI (GenAI) reshapes the workforce.

The MOU marks a concrete further step in the journey between the two organisations, combining the Adecco Group's global leadership in talent development and employment with Microsoft's deep expertise and innovation in GenAI.

An immediate focus is on the development of a career-platform, powered by GenAI to support people in maintaining their skills, currency and employability in a dynamic labour market. The platform uses GenAI to assess individuals' current skills, strengths and gaps and map those against evolving labour market needs. It will deliver customised career advice and services in coaching, micro-learning and upskilling, preparing people for emerging job opportunities and ensuring continued employability.

Denis Machuel, Chief Executive Officer, of the Adecco Group, said: "Enterprise adoption of GenAI in the workforce is one of the highest priorities for companies everywhere, but without an equally urgent and deliberate focus on individuals, millions could be left behind. Our research shows that 70% of workers now use GenAI at work, but access to training and guidance remains a barrier. Our vision is to enable all individuals to maintain their skills currency and employability in the era of GenAI. We are pleased to form a collaboration with Microsoft and bring together our respective industry-leadingand complementary strengths to achieve this vision."

Hayete Gallot, Corporate Vice President, Commercial Solution Areas at Microsoft said: "Microsoft is investing in GenAI with the vision to create a new interaction model between humans and computers, turning natural language into the most powerful productivity tool on the planet. Our objective is to build next-generation AI-poweredcopilots that work alongside people to unlock their productivity, unleash their creativity, and empower them to thrive.

With our shared vision of harnessing the power of GenAI to transform the world of work, we are excited about the opportunity to collaborate with the Adecco Group to help augment human skilling and ingenuity, while supporting inclusive access to GenAI for all people around the world."

About the MOU

Within the MOU, the Adecco Group and Microsoft have defined four key areas of collaboration, with execution plans to be finalised by the end of 2023:

1. Support responsible and ethical GenAI adoption across the workforce - Constructively support GenAI-related policy-makingand workforce planning that considers fairness, inclusiveness, safety, transparency, privacy and accountability.

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1. Inclusive use of GenAI in the workforce - Work toward the elimination of geographical, generational, race, gender, socioeconomic or other barriers in work using GenAI.
2. Accelerate organisational adoption of GenAI - Enable organizations to unlock economic opportunity, bridge skill gaps and create inclusive work through the integration of GenAI.
3. Develop joint go-to-marketsolutions - Co-develop products to support individuals and organizations in navigating new job creation, job augmentations, and job transitions in GenAI-enabled work.

This collaboration will further accelerate the Adecco Group's work with GenAI, which has already been integrated into products to better serve candidates and clients, from advanced skills matching to hiring and onboarding, to our global Data Analytics & Artificial Intelligence tech practice within Akkodis. The Adecco Group will deepen its relationship with Microsoft to further integrate GenAI into its systems, processes and products to achieve faster time-to-market and deliver enhanced value to its clients, candidates and associates around the world.

About The Adecco Group

The Adecco Group is a world leader in talent and technology expertise. Our purpose is making the future work for everyone. Through our three global business units - Adecco, Akkodis and LHH - across 60 countries, we enable sustainable and lifelong employability for individuals, deliver digital and engineering solutions to power the Smart Industry transformation and empower organisations to optimise their workforces. The Adecco Group leads by example and is committed to an inclusive culture, fostering sustainable employability, and supporting resilient economies and communities. The Adecco Group AG is headquartered in Zurich, Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN).

For further information please contact:

The Adecco Group Press Office: [e-mail] or [phone]

www.adeccogroup.com| LinkedIn: linkedin.com/company/theadeccogroup | X: @AdeccoGroup

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For further information please contact:

The Adecco Group Investor Relations [e-mail] or [phone]

The Adecco Group Press Office [e-mail] or [phone]

adeccogroup.com

Facebook: facebook.com/theadeccogroup

X: @AdeccoGroup

Important notice about forward-looking information

Information in this release may involve guidance, expectations, beliefs, plans, intentions or strategies regarding the future. These forward-looking statements involve risks and uncertainties. All forward-looking statements included in this release are based on information available to Adecco Group AG as of the date of this release, and we assume no duty to update any such forward-looking statements. The forward-looking statements in this release are not guarantees of future performance and actual results could differ materially from our current expectations. Numerous factors could cause or contribute to such differences. Factors that could affect the Company's forward-looking statements include, among other things: global GDP trends and the demand for temporary work; the impact of the global outbreak of novel coronavirus disease (COVID); changes in regulation of temporary work; intense competition in the markets in which the Company operates; integration of acquired companies; changes in the Company's ability to attract and retain qualified internal and external personnel or clients; the potential impact of disruptions related to IT; any adverse developments in existing commercial relationships, disputes or legal and tax proceedings

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