Metro International S.A. ("Metro International") hereby announces that it has been informed by its shareholder Investment AB Kinnevik ("Kinnevik") that Kinnevik has received a preliminary indication of interest from a potential acquirer of Metro International. This information was received after the notice for the General Meeting to be held on 24th February, 2009 was announced, at which General Meeting the Board of Directors of Metro is seeking the shareholders' authorization to raise new financing through an issue of Debentures and Warrants with preferential rights for the holders of Metro International's SDRs of series A and series B as previously announced. Given the preliminary nature of the information, the Board of Directors of Metro International still recommend shareholders to approve the proposed resolutions at the General Meeting to be held on 24th February, 2009. However, the above mentioned indicated interest in Metro International may cause the Board of Directors to postpone the utilization of any authorization given at the General Meeting, or may cause the Board to abstain from such utilization. Due to the above, the terms and conditions of the issue of Debentures and Warrants may not be announced on or around 25th February, 2009 as was foreseen in Metro International's previous press release of 5th February, 2009 The indication of interest will be evaluated expeditiously. At this stage there is no certainty that this will lead to a public offer for Metro International, and the Board of Directors of Metro International is not in a position to express any view on the potential bid. Further communication will be made in due course. For further information or comments from Nigel Cooper, Non-executive Director of Metro International or from Per Mikael Jensen, CEO, please contact: Ingrid Seldén, IR contact tel: +44 (0)7725 245 881 *** ABOUT METRO INTERNATIONAL AND METRO Metro is the largest international newspaper in the world. Metro is published in over 100 major cities in 19 countries across Europe, North & South America and Asia. Metro has a unique global reach - attracting a young, active, well-educated Metropolitan audience of 17 million daily readers. Metro International S.A. 'A' and 'B' shares are listed on the Stockholmsbörsen 'O-List' under the symbols MTROA and MTROB
Metro International announces preliminary indication of interest from a potential buyer
| Source: Metro International S.A.