29th May 2007 RESULT OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS Metro International S.A. ("Metro" or the "Company"), the international newspaper group, today held its Annual General Meeting ("AGM") of shareholders in Luxembourg. All proposed resolutions were duly passed. Election of Board of Directors 2007 and procedure for nomination to the AGM 2008 The AGM resolved to re-elect Mr Josh Berger, Ms Mia Brunell, Mr Paddy Byng, Mr Henry Guy, Mr Dennis Malamatinas, Ms Christine Ockrent and Ms Cristina Stenbeck as members of the Board of Directors. KPMG Audit Sàrl, Luxembourg was re-elected as external Auditor. The AGM resolved to approve the following procedure for the Nomination Committee for the election of members of the Board of Directors, external auditor, their remuneration, as well as the proposal on the Chairman for the 2008 AGM of the shareholders. A Nomination Committee, which shall consist of at least 3 members (including Ms Cristina Stenbeck) representing major shareholders in the Company, shall prepare a proposal for the election of members of the Board of Directors for the 2008 AGM. The Nomination Committee will be formed in September 2007 in consultation with the largest shareholders in the Company, by number of voting shares held, at that time, and will be elected for a term of one year. The majority of the members of the Nomination Committee may not be members of the Board of Directors of Company, nor be employed by the Company. If a member of the Nomination Committee resigns before the work is concluded, a replacement member is to be appointed in accordance with the foregoing criteria. Ms Cristina Stenbeck will be a member of the Nomination Committee and will also act as its convenor. The members of the Nomination Committee will appoint their Chairman at their first meeting amongst themselves. The composition of the Nomination Committee will be communicated in the financial report for the third quarter 2007. Restricted shares agreement The Meeting resolved that, going forward, the Directors' fees be composed of (a) a payment in cash and (b) a payment in kind consisting of the grant of restricted Class A shares and Class B shares of the Company. The restricted shares will be subject to a one-year holding period. The new remuneration policy will be effective as from today. Directors' fees In respect of the period from the 2007 AGM of the shareholders to the 2008 AGM of the shareholders, the Meeting resolves to authorise the Board of Directors to pay on behalf of the Company an aggregate amount of USD 442,000 to the Directors, payable in cash and in kind. The Meeting authorises and empowers the Board of Directors to split the above mentioned aggregate amount between the Directors as follows: the Chairman of the Board, fees in an amount of USD 100,000; each of the ordinary Directors of the Board, fees in an amount of USD 50,000. The Meeting also resolved that for work in the Audit Committee USD 14,000 shall be allocated to its Chairman and USD 7,000 to each of the other members and for work in the Remuneration Committee USD 7,000 shall be allocated to its Chairman and USD 3,500 to each of the other members. The Meeting further resolves that 50 per cent of the remuneration of the members of the Board of Directors (excluding remuneration for the work in the committees of the Board if Directors) be paid in kind by the grant of new shares under the terms and conditions of the Restricted Shares Agreements and that the Board of Directors be authorised to see to the issuance of new shares under such terms and conditions. The Meeting also resolved to approve the proposed guidelines on remuneration for senior executives. Following the AGM, the Board of Directors appointed Mr Dennis Malamatinas as Chairman of the Board of Directors and appointed an Audit Committee and a Remuneration Committee. Mr Henry Guy was appointed as Chairman of the Audit Committee; Mr Dennis Malamatinas and Ms Mia Brunell were appointed as members of the Audit Committee. Mr Paddy Byng was appointed as Chairman of the Remuneration Committee; Ms Cristina Stenbeck and Ms Mia Brunell were appointed as members of the Remuneration Committee. *** For further information, please visit www.metro.lu, or contact: Pelle Törnberg, President & CEO tel: +44 (0) 20 7016 1300 Birgitta Henriksson, IR contact tel: +46 (0) 70 812 86 39 Email: bhenriksson@brunswickgroup.com ABOUT METRO INTERNATIONAL AND METRO Metro is the largest and fastest growing international newspaper in the world. Metro is published in over 100 major cities in 21 countries across Europe, North & South America and Asia. Metro has a unique global reach - attracting a young, active, well-educated Metropolitan audience of over 20 million daily readers. Metro International's advertising sales have grown at a compound annual rate of 41% since the launch of the first edition in 1995. Metro International 'A' and 'B' shares are listed on the OMX Nordic Exchange's Nordic List under the symbols MTRO SBD A and MTRO SBD B.
RESULT OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
| Source: Metro International S.A.