METRO INTERNATIONAL ISSUES TRADING UPDATE - NEWSPAPER PUBLISHER STRATEGIC REVIEW

Metro International  today  issued  a third  quarter  trading  update
highlighting lower sales and deeper than expected operating losses.

Losses from operations in  the third quarter  are estimated at  about
USD 13 million, while non-recurring items will be approximately USD 5
million, relating to the departure of the former CEO and  consultancy
costs. As a result,  Metro now expects an  EBIT deficit in the  third
quarter of approximately USD 18 million  compared to a loss of USD  9
million in the third quarter 2006.

Dennis Malamatinas, Chairman of the Board, said: "The results for the
third quarter  are disappointing,  and the  current strategic  review
initiated  by  the  Board  is  necessary  to  improve  the  financial
performance of the  company. We  are launching actions  based on  our
findings and conclusions and this work will intensify over the coming
period".

The review is identifying core markets where Metro should continue to
invest and build a stronger  market position. Metro will continue  to
develop and enhance the business and secure its position as a  highly
important partner for advertisers, from a global, regional and  local
perspective.

Further details of the third  quarter results will be published  when
Metro reports its figures on October 22nd.

For further information, please visit www.metro.lu, or contact:
Chris Spalding, acting CEO, tel: +44 (0)20 7016 13 00
Frank Mooty, CFO, tel: +44 (0)20 7016 13 00
Birgitta Henriksson, IR, tel: +46 (0)708 12 86 39

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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.