FINANCIAL RESULTS FOR THE FOURTH QUARTER AND TWELVE MONTHS ENDED 31ST DECEMBER 2008

Luxembourg, 5th  February 2009  -  Metro International  S.A.  ("Metro
International" or the  "Group") (MTROA, MTROB),  today announced  its
financial results for  the fourth quarter  ended 31st December  2008.
Information was submitted  for publication  on 5th  February 2009  at
8:00 A.M. CET.

FOURTH QUARTER HIGHLIGHTS

  * Total net sales decreased year-on-year in the fourth quarter by
    14 percent to € 83.5 million (2007: € 97.6 million). Sales
    declined by 10 percent excluding closed and divested operations
    (Stockholm Bostad and the Czech Republic).
  * The operating loss in the fourth quarter was € 1.9 million (2007:
    operating profit of € 3.4 million). Excluding the restructuring
    costs of € 2.5 million in the fourth quarter, the operating
    result was a profit of € 0.6 million.
  * Metro International reported a net loss in the fourth quarter of
    € 9.8 million (2007: profit of
    € 3.9 million).
  * Following the decision to re-finance the Group and due to
    contractual terms in Metro International's financing
    arrangements, the € 28.7 million bank facility will be fully
    re-paid in April 2009.
  * In November, Metro International expanded in Monterrey, Mexico.
    In December, Metro International entered into a franchise
    agreement with Moscow's Gazeta Metro, which will be re-launched
    and re-branded to be consistent with Metro International's
    newspaper concept.
  * Readership overall increased year-on-year by 10 percent for the
    Group.
  * The net loss per share for the fourth quarter was € 0.01 (2007:
    profit of € 0.01).

FULL YEAR HIGHLIGHTS

  * Total net sales decreased year-on-year for the full year by 11
    percent to € 295.5 million (2007: € 331.1 million). Sales
    declined by 5 percent excluding closed, divested operations
    (Stockholm Bostad and Czech Republic) including adjustments for
    the operations which did not publish during July and / or August
    2008 (Sweden, Denmark and Spain).
  * The operating profit was € 17.3 million (2007: loss of € 15.3
    million) in the full year 2008. Excluding the restructuring costs
    of € 3.8 million in the full year, the operating result was a
    profit of € 21.1 million.
  * Excluding the capital gain from the Schibsted transaction (€ 35.2
    million) and the 24 Timer acquisition (€ 2.4 million), the
    operating loss is € 20.0 million (2007: loss of € 18.6 million).
    Including capital gains, Metro reported a net profit of € 4.1
    million (2007: net loss of € 20.1 million).
  * For the full year Sweden, Northern Europe and the Rest of the
    World segments reported EBIT profits totalling € 14.0 million.
    The US and Southern Europe reported EBIT losses of € 14.3 million
    in total, out of which € 10.8 million were generated in the US
    and Spain.
  * The net profit per share for the full year was € 0.02 (2007: loss
    of € 0.04).

SUBSEQUENT EVENTS

  * On 29th January 2009, a decision was made to close down Metro
    International's fully owned operations in Spain with immediate
    effect.
  * The reorganization and relocation of the group functions from
    London to Stockholm, will come into effect during 2009 and will
    be finished before the end of 2009.
  * The Board of Directors of Metro International has resolved to ask
    for a general meeting of shareholders' authorization to raise
    approximately SEK 550 million through a new issue of Swedish
    Depository Receipts (SDRs) over subordinated debentures and
    warrants with preferential rights for existing holders of series
    A and B SDRs over Metro International's shares. The Board of
    Directors has resolved to summon an Extraordinary General Meeting
    which is to be held on 24th February 2009 (separate notice to be
    distributed on even date herewith). The Group's largest
    shareholder Investment AB Kinnevik has, subject to certain
    conditions, agreed to fully underwrite the contemplated
    transaction. See also the section Strategic Update and Funding
    Requirements, page 19.

CONFERENCE CALL

Metro International will host a  conference call today at 10.00  A.M.
CET which will be broadcast live on the internet and as a  conference
call.

Participants can take part in the call either through the audiocast
or the conference call.

To view the Internet Audiocast:
A live audiocast of the presentation will be available on
www.metro.lu, 5th February 2009 at 10.00 A.M. CET.

To participate in the conference call, please dial in on the
following numbers:

Sweden                     Tel: +46 (0)8 505 598 53
UK / International         Tel: +44 (0)20 3043 2436
US free phone number       Tel: +1 866 458 40 87


Conference call participants can access the presentation slides on
http://www.metro.lu/node/79/2008.

For those unable to  listen to the live  broadcast, a replay will  be
available at  Metro's website  www.metro.lu  approximately  one  hour
after the event.

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

Per Mikael Jensen, CEO and President       tel: +44 (0)20 7016 1300
Anders Kronborg, CFO                       tel: +44 (0)79 12 540 800
Ingrid Selden, IR contact                  tel: +44 (0)77 25 245 881


                                 ***

ABOUT METRO INTERNATIONAL AND METRO
Metro is the largest international  newspaper in the world. Metro  is
published in over  100 major  cities in 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  38%  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.