Released on = April 7, 2006, 4:36 am

Press Release Author = Sonia/PRHUB

Industry = Human Resources

Press Release Summary = The JobStreet Group has signed an MoU with TV18 Group.The
leading online recruitment company in Asia, JobStreet, has signed a MoU with
Television Eighteen India Ltd. (\"TV18\"), India\'s leading news network, under which
TV18 would be taking a 50% stake in JobStreet.com India Pvt. Ltd. - its Indian
subsidiary.

Press Release Body = Bangalore, April 07, 2006 : JobStreet Corporation Berhad
(\"JOBS\"), a leading
online recruitment company in Malaysia, has signed an MOU with Television
Eighteen India Ltd. (\"TV18\"), India\'s leading news network, for TV18 to take a 50%
stake in its Indian operation, JobStreet.com India Pvt. Ltd. JOBS is listed on the
Mesdaq market of Bursa Malaysia. TV18 will initially infuse US$2 million in cash
and provide on-going media support to the business. With this investment into
JobStreet.com India, TV18 enters the e-recruiting market, which is growing at a very
fast pace in India. The
move is in line with the Group\'s increasing focus on the growing Internet
opportunity in India. To JobStreet, this partnership meets its objective of
combining its award winning e-recruitment solution with a strategic local leader
with media assets, which has proven to be a winning formula.

Commenting on the acquisition, Haresh Chawla, TV18 Group CEO said, \'We expect to
strengthen our presence in the consumer Internet space with this acquisition - this
is part of our strategy to expand our offering to Indian consumers by exploiting the
growing power and reach of the Internet. Over the last five years, TV18 has
consistently invested in and built successful Internet franchises in India. The
Group already owns India\'s most widely used and influential online platforms -
moneycontrol.com, commoditiescontrol.com, poweryourtrade.com and ibnlive.com. The
Group has
also recently seeded yatra.in in partnership with Norwest Venture Partners (NVP) -
Promod Haque\'s leading venture capital firm, which aims to revolutionise the travel
services space in India. With JobStreet.com India, we will bring value to millions
of job seekers in India. We are delighted to partner with JobStreet in this exciting
venture.\"

Mark Chang, CEO of JOBS says, \"We are very pleased to tie up with TV18. This
partnership is a key milestone for our operations in India. TV18 is one of the
leading media companies in India with a very solid audience franchise and a focus on
the Internet, which is directly aligned with our growth strategy. In India the
online recruitment space is growing rapidly. We are confident that with this
partnership, JobStreet.com India will be able to reach out to more jobseekers and
provide them with increased opportunities for career advancement. We expect to
leverage TV18\'s media
network and business capabilities to strengthen our brand in India and build higher
visibility to candidates.\"

About TV18 Group
Television Eighteen (TV18) is India\'s premier general, business and consumer news
broadcaster (CNBC-TV18, CNN-IBN, Awaaz and IBN 7) and a leading media content
provider. Between its four television channel offerings, TV18 reaches out to more
than 70 million adult Indians. TV18 is also India\'s only television company to have
identified and built upon a variety of information and transactional services based
on the Internet.
moneycontrol.com is India\'s most influential and widely used financial, business and
investor platform with more than 5 million users. TV18 has also invested in a
variety of new, high growth areas like commodities information service
(commoditiescontrol.com), general news (ibnlive.com), paid equity news and
information (poweryourtrade.com), online travel services (yatra.in) and now
JobStreet.com India. TV18 is among the fastest
growing media companies in India with a CAGR of almost 100% since its inception in
1993. Among TV18\'s promoters are Raghav Bahl, one of India\'s foremost television
journalists and a brand in his own right, and Sanjay Ray Chaudhuri - television\'s
creative phenomenon and creator of The India Show (more popularly known as The Amul
India Show).

About JobStreet
JobStreet operates the JobStreet.com online recruitment websites covering the
employment markets in India, Malaysia, Singapore, Philippines and Indonesia. The
Group currently services over 20,000 corporate customers and 3.0 million jobseekers.
It is also a leading supplier of Applicant Tracking Solutions in the region. For the
year ended 31 December 2005, the JobStreet.com Group achieved sales growth of 57% to
approximately US$14.8 million resulting in growth in net profit of 64% to
approximately US$4.5 million.

For further editorial queries, please contact:

Ajay Chacko Durai Raja Jai Xavier Prabhu David

TV18 Group JobStreet PRHUB

ajay.chacko@tv18online.com durai@jobstreet.com xavier@prhub.com

+91 98210 47558 +91 9342233184 +91 9845174512


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