Resources Connection, Inc. Completes Acquisition Of
The Procurement Centre, LLC

Resources Connection, Inc. Completes Acquisition Of The Procurement Centre, LLC

Resources Connection, Inc. Completes Acquisition Of The Procurement Centre, LLC

Costa Mesa, CA, October 16, 2002 - Resources Connection, Inc. (NASDAQ: RECN), today announced the acquisition of The Procurement Centre LLC, (TPC) a Houston-based provider of supply chain management services to companies on a project basis. The purchase price for the acquisition was approximately $9.0 million, of which $7 million was paid in cash and the balance was paid in Resources Connection, Inc. common stock. Additionally, the purchase price may increase by up to $2.7 million in cash if TPC achieves certain operating goals over the next 12 months.

“TPC is a top-notch provider of supply-chain management services. Its focus on client service and on improving the overall quality of companies’ procurement practices are a natural extension of Resources Connection’s existing suite of professional services. Our clients will benefit from TPC’s services by gaining access to supply chain talent under a similar value proposition as other Resources Connection services,” said Don Murray, Chairman and CEO of Resources Connection, Inc. “TPC will initially continue to concentrate its business in Texas and then expand into other markets we serve. “

TPC will operate as a separate subsidiary of Resources Connection and will be led by its current CEO, Tracy Stephens, who said, “We are excited to be joining Resources Connection and look forward to growing our business in Texas over the next year and then across the Resources network of offices.” TPC is projected to generate approximately $10 million of revenue in the coming year. Recently, TPC was included in the Inc. 500 Fastest Growing Private Companies list for 2002.

ABOUT RESOURCES CONNECTION

Resources Connection, Inc. is an international professional services firm that provides accounting and finance, human resources, information technology, and internal audit on a project basis. Headquartered in Costa Mesa, California, the Company operates from 45 domestic offices and five international offices. More information about the Company is available at www.resourcesconnection.com.

Resources Connection was founded in June 1996 by a team from Deloitte & Touche, and became independent in April 1999, following a management buyout. In December 2000, the Company completed its initial public offering and listed on NASDAQ. The U.S. client portfolio boasts more than 30 of the Fortune 50 companies. The company was recently named to Forbes Best 200 Small Companies list.