Directors' Dealings
  Transactions in Adecco securities by Directors and Senior Management


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1. Details of the Liable Person


 1.1 Family Name                       Jacobs

 1.2 Forename                          Andreas

 1.3 Street                            Sägereistrasse 10

 1.4 Postcode / City / Country         CH-8152 Glattbrugg, Switzerland

 1.5 Function                          Non-executive member of the Board of
                                       Directors

 1.6 This transaction has been         Jacobs Venture AG
 executed not by the liable person,
 but by or on behalf of a person
 closely associated with the liable
 person.


2. Details of the product


 2.1 Type of transaction                 Purchase

 2.2 Type of security                    Collateralized Equity-Linked Limited
                                         Liability Obligations ("CELLO")
                                         Bonds due 2010 Exchangeable for
                                         Ordinary registered Shares of Adecco
                                         S.A. (ISIN Number XS0238008709)

 2.3 Key conditions attached to unlisted
 conversion and purchase rights and      n.a.
 financial instruments (e.g. exercise
 price, exercise period, duration,
 american/european style, etc.)

 2.4 Number of units traded              36 units @ CHF 100'000.-- nominal
                                         value

 2.5 Price                               CHF 3'879'197.25 including accrued
                                         interest (107.76% of nominal value)

 2.6 Date of trade and place             25 January 2010, Luxembourg
 ("relevant binding transaction")



 2.7 Reason for transaction (optional)   n.a.


Location, Date: Zurich, 27 January 2010 / signed



[HUG#1378644]





    Andreas Jacobs (filing B) - Transaction date: 25.1.2010: http://hugin.info/136572/R/1378644/339083.pdf