METRO

RIGHTS ISSUE

Rights issue of subordinated debentures and warrants
(represented by Swedish Depositary Receipts) of an
amount of approximately SEK 550 million

Those eligible share SDR holders who on the record date of May 18, 2009 are registered as holders of share SDRs in Metro International S.A. (“Metro”) will receive one (1) unit right for every SDR of series A or B held. Two (2) unit rights are required to subscribe for five (5) Units.

One unit consists of one (1) debenture SDR representing one debenture with a nominal value of SEK 0.50 with a maturity date at December 30, 2013, as well as one (1) warrant SDR representing one warrant which during the period October 28, 2013 – November 22, 2013 is exercisable into one (1) class A share at a strike price of SEK 0.40.

Subscription price per unit is SEK 0.40 per unit.

Subscription period for units will be from May 22 to June 4, 2009.

Unit rights will be traded from May 22 to June 1, 2009.

The rights issue is guaranteed by Investment AB Kinnevik.

Prospectus