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 the Board of Directors The AGM resolved to re-elect Ms. Mia Brunell Livfors, Ms. Cristina Stenbeck, Mr. Henry Guy, Mr. Nigel Cooper and Mr. Mario Queiroz as members of the Board of Directors of Metro and elect Mr. Erik Mitteregger and Mr. Didier Breton as new members of the Board of Directors of Metro. Mr. Didier Breton, born in 1953, is currently a member of the senior team of Pamoja Capital, a private equity business founded in 2006 that invests across a number of industry sectors, and is responsible for the operations relating to the investee companies of Pamoja Capital. Previously, Didier was the Chief Operating Officer of Trader Classified Media, one of the largest classified advertising companies in the world, a position he held from 2000 until the company was sold in 2006. Prior to joining Trader, Didier was President of the Infrastructure & Systems Division at Groupe Bull. His previous roles also include managing international operations at Hewlett Packard and Valeo. He holds an MBA from the Institut Supérieur des Affaires and an Engineering degree from ICAM. Didier is a French national. Mr. Erik Mitteregger, born in 1960, is a member of the board of Investment AB Kinnevik since 2004. Erik also serves as Chairman of the board of Wise Group AB, and is a member of the board of Firefly AB. Erik has previously been Head of Equity Research and a member of the Management Board at Alfred Berg Fondkommission 1989-1995. He was also a founding partner and fund manager at Brummer & Partners Kapitalförvaltning AB 1995-2002. Erik holds a degree in Business Administration from the Stockholm School of Economics. Erik is a Swedish national. The AGM resolved to re-elect Ms. Mia Brunell Livfors as the Chairman of the Board of Directors of Metro and resolved that the Board of Directors of Metro appoint a Remuneration Committee and an Audit Committee at a board meeting of Metro which will be held following the AGM. Election of External Auditor The AGM resolved to re-elect KPMG Audit Sàrl, Luxembourg as external Auditor for a term ending at the 2010 AGM. The remuneration of the auditor shall be paid in accordance with an approved bill which specifies time, persons who worked and tasks performed. Directors' Fees and Guidelines on Remuneration for Senior Executives The AGM resolves to approve that the fees for the members of the Board of Directors of Metro (including remuneration for the work in the committees of the Board of Directors) for the period until the end of the 2010 AGM to be a total of EUR 294,500 and with such amount to be split as follows: the Chairman of the Board of Directors, fees in an amount of EUR 65,000 (whereof EUR 32,500 in cash and 32,500 in shares of Metro); each of the six ordinary directors of the Board of Directors, fees in an amount of EUR 32,500 (whereof EUR 16,250 in cash and 16,250 in shares of Metro); and in total EUR 34,500 as remuneration for the work within the Audit Committee and the Remuneration Committee. For the work within the Audit Committee, fees of EUR 16,000 shall be allocated to its Chairman and of EUR 4,500 to each of the other members, and for the work within the Remuneration Committee, fees of EUR 4,500 shall be allocated to its Chairman and of EUR 2,500 to each of the other members. The AGM further resolves to approve that an additional remuneration in arrears for the period from the 2008 AGM to the 2009 AGM of EUR 7,000 shall be allocated to the Chairman of the Audit Committee due to the amount of work and engagement that this committee assignment has required during the period. The share-based compensation, in relation to the period from the 2009 AGM to 2010 AGM, will take the form of fully paid-up shares of Metro common stock to be issued within Metro's authorised share capital to the members of the Board of Directors of Metro who will serve until the 2010 AGM. The shares shall be issued in equal number of Class A and Class B shares (or equivalent shares in case of conversion, merger or transaction having the same effect) based on the Class A and Class B share closing price on the OMX Nordic Exchange Stockholm as of today. Such shares shall be issued subject to a one-year lock-up period as of their respective date of issue. Procedure for the Nomination Committee for the 2010 AGM The AGM resolves to approve the following procedure for preparation of the election of the Board of Directors of Metro and the auditor of Metro. The work of preparing a proposal on the members of the Board of Directors of Metro and the auditor of Metro, and their remuneration, as well as the proposal on the Chairman of the 2010 AGM shall be performed by a Nomination Committee. The Nomination Committee will be formed during October 2009 in consultation with the largest shareholders of Metro as of September 30, 2009. The Nomination Committee will consist of at least three members representing the larger shareholders of Metro. At a statutory meeting of the Board of Directors following the AGM, the board decided that the Audit Committee is to be comprised of Mr. Nigel Cooper, Mr. Henry Guy and Mr. Mario Queiroz. Mr Nigel Cooper was re-elected the Chairman of the Audit Committee. The board also decided that the Remuneration Committee is to be comprised of Ms. Cristina Stenbeck, Ms. Mia Brunell Livfors and Mr. Didier Breton. Ms. Cristina Stenbeck was elected Chairman of the Remuneration Committee. For further information, please visit www.metro.lu, or contact: Mia Brunell Livfors, Chairman Tel: +44 (0) 20 7016 1300 Per Mikael Jensen, President and CEO Tel: +44 (0) 20 7016 1300 Anders Kronborg, CFO Tel: +44 (0) 20 7016 1300 *** ABOUT METRO INTERNATIONAL AND METRO Metro is the largest international newspaper in the world. Metro is published in over 100 major cities in 18 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. shares are listed on Nasdaq OMX Stockholm through Swedish Depository Receipts of series A and series B under the symbols MTROA and MTROB.
RESULTS OF THE ANNUAL GENERAL MEETING OF THE SHAREHOLDERS OF METRO INTERNATIONAL
| Source: Metro International S.A.