METRO INTERNATIONAL S.A.: FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED 30th JUNE 2007

Luxembourg, 23rd  July  2007  - Metro  International  S.A.  ("Metro")
(MTROA, MTROB), today announced its financial results for the  second
quarter ended 30th June 2007.  The Group's consolidated accounts have
been  prepared   according  to   International  Financial   Reporting
Standards (IFRS).

HIGHLIGHTS FOR Q2 2007

  * Net sales increased by 6.9% to US$ 119.8 million (2006: US$ 112.1
    million). Excluding Bostad, other income and divested operations
    (Finland & Poland) the sales growth was 11.7%: in real terms
    sales growth was 4.5%.
  * Group operating profit of US$ 4.6 million (2006: US$ 6.5 million
    profit) is below 2006 due to reduced margins in Sweden, France
    and Denmark and investments in the US and Online.  Q206 also
    benefited from advertising spend related to the Swedish
    parliamentary elections.
  * Contribution from subsidiary newspaper operations: operating
    profit of US$ 9.5 million (2006: US$ 11.3 million profit).
  * The average 12 month rolling EBIT margin on operations older than
    3 years has fallen to 9.9% from 14% in Q107. This is due to lower
    margins in Sweden and the inclusion of New York for the first
    time. Excluding New York the Q207 margin would be 11.6%.
  * Net HQ costs of US$ 5.5 million (2006: US$ 5.6 million) excluding
    franchise income
  * Net profit of US$ 0.9m (2006: US$ 4.6 million profit).

FIRST HALF RESULTS

  * 8.3% year- on- year increase in net sales to US$ 222.3 million
    (2006:US$205.3 million); flat in real terms due to the decline in
    Bostad and Sweden's Metro
  * Total operating loss of US$ 6.9 million ( 2006: profit  US$2.6
    million).
  * Loss before tax of US$ 8.8 million ( 2006: profit US$0.4
    million).
  * Net loss of US$13.4 million ( 2006: net loss of US$ 1.1 million).

Pelle Törnberg, President and CEO of Metro International, commented:"The second quarter is a seasonally strong quarter for Metro and this
is no different in 2007 as we delivered a return to profit in Q2.
However, as we stated in the Q1 release, the business issues
identified in Sweden continue to affect the results in Q2 although
their impact is lessened as we progress through the quarter.

In real terms, owned operations net sales growth excluding Bostad and
the divested operations in Finland and Poland, was 4.5% year-on-year.
This result is not a complete surprise given the strong Q2 2006.
Metro has shown strong sales growth in many markets including
Holland, Italy, Portugal, and the US. However, price pressures in
Spain, and low volumes in France and Sweden delivered modest growth
in the quarter.

In Sweden, Q2 has been a period of turnaround for the Swedish titles.
Bostad, the real estate product in Stockholm and Malmo has been
stabilised at break-even but real sales are 30% lower than 2006.
Green Metro has made significant progress. Despite a 7% real drop in
sales versus Q206, margins are not significantly lower due to a
stronger focus on customer profitability and cost control.

Sales for Sweden's Green Metro in May were close to 2006 levels and
EBIT margin approached last year's level. However, Bostad remains at
break-even, so in Q2 Sweden's EBIT variance is a negative $1.8m.

Group EBIT from operations is $1.8m lower at $9.5m. Margins in
Denmark, although still very strong, have declined due to competitive
pressure; French margins are lower due to higher circulation costs
and lower volumes following ad rate increases; and US margins are
lower due to investments in the sales forces and marketing events
that have driven sales growth of 13% in the US.

Higher margins and good sales growth are features of many of our
businesses including Holland, Greece, Portugal and Chile. New York's
margins are gradually improving based on sales growth in excess of
20%. As we advised at the Q1 release, margins in the more than three
year old editions for Q2 07 fall from 11.6% to 9.9% due to the
inclusion of New York for the first time. We continue to develop the
New York business to attract national advertising revenues.

Metro's board recently confirmed our commitment to developing our
Online business with pilot web sites in France and Spain. We will
test a new interactive approach in Metro's metropolitan areas to
strengthen links with our readers and to provide advertisers with a
cost-effective route to our unique demographics. The 2007 investment
is now forecast at less than $4m for the year. Further investments
will be decided based on the performance of the pilots. Our existing
websites will continue to be developed to test alternative concepts
eg Metrobloggen in Sweden.

Gross HQ costs are 6.6% higher than in Q206 at $6.7m.  This is mainly
due to the investment in Online. However, excluding Online and other
business unit costs, the core HQ costs have remained flat at $5m. In
real terms core HQ costs have declined by 7%. This is the result of
an ongoing review of costs.

The selection process for a new chief executive is progressing well.
For confidentiality reasons, the board is not in a position to make
an announcement today, but it hopes to confirm the appointment of a
new chief executive shortly.


For further information, please visit www.metro.lu, email
info@metro.lu or contact:

Pelle Törnberg, President & CEO                 tel: +44 (0) 20 7016
                                                1300
Frank Mooty, CFO                                tel: +44 (0) 20 7016
                                                1374
Birgitta Henriksson, Brunswick Group, IR        tel: +46 708 12 86 39
contact

Metro is the largest and  fastest growing international newspaper  in
the world.    Metro is  published  in over  100  major cities  in  20
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's
advertising sales have grown at a  compound annual rate of 41%  since
the launch of the first edition in 1995.

Metro International  S.A.  'A'  and  'B' shares  are  listed  on  the
Stockholmsbörsen 'MID CAP-List' under the symbols MTROA and MTROB.


CONFERENCE CALL

The company will  host a conference  call today at  10.00 (CET).  The
call will also  be webcast on  Metro's website at  www.metro.lu.   To
participate in the conference call,  please dial in on the  following
numbers:

UK / International:  +44 (0)20 8817 9301
Sweden:              +46 (0) 8 505 202 70
US:                  +1 718 354 1226


A replay facility will be  available shortly after the conclusion  of
the call at www.metro.lu


The full  report with  tables can  be downloaded  from the  following
link: