WELLINGTON, NZ, SINGAPORE, July 30, 2007 – Futurestep, the outsourced recruiting subsidiary of Korn/Ferry International (NYSE: KFY), today announced that it has been awarded a significant contract renewal with Telecom New Zealand to manage all of Telecom’s permanent management level recruitment, restructuring and internal redeployment activities for up to another two years. Telecom New Zealand was one of the first recruitment process outsourcing (RPO) agreements secured under Futurestep's new business strategy in 2002.  The news follows a four-year, multi-country relationship during which Futurestep worked with Telecom to re-engineer its recruitment process while enabling best practices and helping them manage the recruitment and placement of more than 1,000 hires per annum.

“Our partnerships with leading companies like Telecom have helped us pioneer RPO in New Zealand,” said Nick Simcock, Managing Director, Futurestep New Zealand.

“We are delighted to renew our already successful relationship with the Telecom team and look forward to building their people capability and enhancing their employer brand further in this market.”

“The seamless integration of Futurestep’s recruitment team has enabled Telecom to focus on implementing best practice recruitment activities throughout the business, which has improved the quality of each hire while reducing costs and improving the credibility of our human resources function overall,” said Mr. Clinton Berryman, Head of Recruitment Strategy and Employment Brand, Telecom, New Zealand. “Moving forward, our open and positive relationship with Futurestep will help us to continuously reshape our approach to facing the challenges of this tight labour market with proactive sourcing strategies that get the right people in the right roles quickly and ensure the success of our constantly changing business.”

About Korn/Ferry International Asia Pacific
Korn/Ferry International, with more than 70 offices in 40 countries, is a premier global provider of talent management solutions. Korn/Ferry was the first major U.S. executive search firm to operate in Asia Pacific when it opened its doors in Tokyo in 1973. Today it has 17 offices in key business centers throughout the region, including: Auckland, Bangalore, Bangkok, Beijing, Guangzhou, Hong Kong, Jakarta, Kuala Lumpur, Melbourne, Mumbai, New Delhi, Seoul, Shanghai, Singapore, Sydney, Tokyo and Wellington.

Based in Los Angeles, the firm delivers an array of solutions that help clients to identify, deploy, develop, retain and reward their talent. For more information on the Korn/Ferry International family of companies, visit www.kornferryasia.com.

About Futurestep Asia Pacific
Founded in 1998, Futurestep serves as Korn/Ferry International’s outsourced recruiting subsidiary, focusing on the creation of successful recruitment solutions based on clients’ individual workforce needs. In addition to recruitment process outsourcing, the company’s portfolio of services includes project-based recruitment, interim solutions and mid-level recruitment. With 32 offices in 17 countries worldwide, Futurestep now has a presence in the following countries across Asia Pacific: Australia, China, Hong Kong, India, Japan, Malaysia, New Zealand and Singapore.

For more information, visit the Korn/Ferry International Web site at www.kornferryasia.com or the Futurestep Web site at www.futurestep.com.