Press Releases

WASHINGTON AND KARACHI, January 9, 2007 — Watson Wyatt, a leading global consulting firm, and Sidat Hyder, the Pakistan-based consulting firm, have agreed to form a strategic alliance in Pakistan. The partnership gives Watson Wyatt, already one of the world's leading actuarial and human resources consultants, a significant presence in Pakistan. It also provides Sidat Hyder and its clients access to Watson Wyatt's global expertise and experience.

Established in 1986, Sidat Hyder is a highly-regarded professional services firm in Pakistan that provides a wide-range of human resources, actuarial, insurance consulting - including takaful, Islamic mutual insurance - and IT services to leading local and multinational organizations.

"This is an exciting opportunity for us as it further enhances our ability to offer seamless consulting services around the world to our multinational clients," said Simon Gilliat, global director of Watson Wyatt's international consulting practice.

"We are very pleased to form this alliance with Watson Wyatt," said Omer Morshed, Chief Executive of Sidat Hyder. "It allows us and our clients to gain from Watson Wyatt's international experience and knowledge."

Watson Wyatt Worldwide

Watson Wyatt (NYSE: WW) is the trusted business partner to the world's leading organizations on people and financial issues. The firm’s global services include: managing the cost and effectiveness of employee benefit programmers; developing attraction, retention and reward strategies; advising pension plan sponsors and other institutions on optimal investment strategies; providing strategic and financial advice to insurance and financial services companies; and delivering related technology, outsourcing and data services. Watson Wyatt has 6,000 associates in 30 countries and is located on the web at www.watsonwyatt.com.

Sidat Hyder

Sidat Hyder is a well-established Pakistan-based management consulting, technology services, outsourcing practice and professional services firm. In existence since 1986, it provides a range of products and services to clients that hail from various sectors and include government, multinational and large scale local organizations. It has offices in Karachi, Lahore, Islamabad and Dubai and is located on the web at www.sidathyder.com.pk.

Contact

Bruce Wraight, +44 (0) 1737 273370 , bruce.wraight@watsonwyatt.com
Omer Morshed, +92 21 569 3521-30, omer.morshed@sidathyder.com.pk
Emily Rieger, 703/258-7634, emily.rieger@watsonwyatt.com