METRO

Audit Committee

Nigel Cooper is Chairman of the Audit Committee and Erik Mitteregger and Patrick Stahle are members thereof. The Board of Directors commissions the work of the Audit Committee. The Audit Committee is responsible for the reviewing of the Company’s internal controls, implementing and reviewing the Company’s internal audit processes, considering and advising on financial risks, determining the consistency of the Company’s accounting policies and evaluating management’s estimates and assumptions in the preparation of the Company’s consolidated financial statements.

The Audit Committee also maintains the working relationship with the Company’s internal and external auditors and ensures the qualification and independence of these, the Company’s adherence to prevailing rules and regulations and, where applicable, reviews transactions between the Company and related parties.

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Remuneration Committee

Cristina Stenbeck is Chairman of the Remuneration Committee and Mia Brunell Livfors and Didier Breton are members thereof. The Board of Directors commissions the work of the Remuneration Committee. The responsibilities of the Remuneration Committee include issues regarding salaries, pension plans, bonus programs and other employment terms for the Chief Executive Officer and senior management. The Remuneration Committee also advises the Board of Directors on the development and implementation of long-term incentive plans.

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