Disclosure of shareholdings: Group consisting of Deutsche Bank and its subsidiaries

1/4/2007, 6:00 PM (Source: GlobeNewswire)

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Adecco S.A. Chéserex: Pursuant to art. 15 and 17 of the Stock
Exchange Ordinance-FBC, Adecco S.A. has received the following
notification:

1. Name of the listed company: Adecco S.A.

2. Proportion of voting rights held by the group (total holdings in
percent): 27.436%

3. Identity of those involved
Group consisting of Deutsche Bank AG, Taunusanlage 12, 60325
Frankfurt am Main, Germany, and its subsidiaries:
- Deutsche Bank AG, London Branch, Winchester House, 1 Great
Winchester Street, EC2N, UK;
- Deutsche Bank AG, Zurich Branch, Uraniastr. 9, 8023 Zurich
- Deutsche Asset Management Investmentgesellschaft mbH, Mainzer
Landstr. 178-190, 60327 Frankfurt am Main
- DWS Investments (Spain) S.G.I.I.C., S.A., Paseo de la
Castellana, 18, E-28046 Madrid
- Deutsche Asset Management (Japan) Limited, Nagata-cho,
Chiyoda-ku, Sanno Park Tower 2-11-1, J-Tokyo
- DWS (Austria) Investmentgesellschaft mbH, Hohenstaufengasse
4, 1010 Wien
- DWS Investment GmbH, Mainzer Landstr. 178-190, 60327
Frankfurt am Main
- DWS Investment S. A., Luxemburg, 2 Boulevard Konrad Adenauer,
1115 Luxembourg
- DWS Investments Italy SGR S.p.A., Via M. Gioia n.8, I-20124
Milano
- DWS Investments Schweiz, Theaterstrasse 12, CH-8001 Zurich
- Deutsche Asset Management, Inc., 345 Park Avenue, New York,
NY 10154
- Deutsche Bank Trust Company Americas, 60 Wall Street, New
York, NY 10005-2858
- Tilney Group Limited, Royal Liver Building, Pier Head,
GB-Liverpool L31NY
- DWS Polska TFI S.A., ul. Armii Ludowej 26, 00-0609 Warsaw /
PL.

4. Nature of the agreement: Group of companies

5. Number and type of shares:

+-------------------------------------------+
| 4'048'182 | Registered Shares: | 2.1577% |
|------------+--------------------+---------|
| 1'336'500 | Call Options: | 0.7123% |
|------------+--------------------+---------|
| 46'087'615 | Put Options: | 24.565% |
+-------------------------------------------+


6. Changes in the composition of the group: New group member: DWS
Polska TFI S.A., see above item 3.

Adecco S.A.

3 January 2007



--- End of Message ---
WKN: 922031; ISIN: CH0012138605; Index: SLCI, SMI, SPI, SMIEXP;
Listed: Main Market in SWX Swiss Exchange;
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