CDI Corp. Sells AndersElite UK Subsidiary

9/19/16

CDI Corp. (NYSE: CDI) today announced it has sold its UK-based subsidiary, CDI AndersElite Ltd., to the Anders management team and employees. Anders provides staffing and recruitment services to firms in the UK built environment and rail industries. The Company will maintain a minority interest in the new entity, AndersElite Holdings Ltd. ("Holdings"). The transaction is expected to be marginally accretive to fourth quarter earnings.

"The sale of Anders is consistent with our strategy to focus CDI on delivering solutions based on specialized information technology and engineering talent," said CDI President, Michael S. Castleman. "We are pleased that this transaction provides the clients of Anders with strong continuity in the high quality talent delivery and client service for which Anders is recognized. We look forward to working with the Anders team as partners in their future success."

Consideration received by the Company in the transaction includes approximately $6.0 million of cash, subordinated debt in Holdings of approximately $2.3 million and warrants representing 19.99% of the fully diluted equity in Holdings. Additionally, Holdings repaid approximately $0.9 million of existing Anders debt. Anders was part of CDI's Enterprise Talent segment and represents approximately $43.5 million of the segment's $273.1 million of revenue for the six months ended June 30, 2016.

About CDI

CDI Corp. (NYSE: CDI) seeks to create extraordinary outcomes with our clients by delivering solutions based on highly skilled and professional talent. Our business is comprised of four segments: Enterprise Talent, Specialty Talent & Technology Solutions, Engineering Solutions and MRI. Our client offerings include an array of engineering design project solutions, information technology project solutions and managed services, specialty technology staff augmentation, and program and managed staffing services. Our clients are corporations in multiple industries, including energy, chemicals, infrastructure, aerospace, industrial equipment, technology, as well as municipal and state governments, and the U.S. Department of Defense. We have offices and delivery centers in the United States and Canada. In addition, we also provide recruiting and staffing services through our global MRINetwork® of franchisees. Learn more at www.cdicorp.com.

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