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Corporate Governance
Metro International S.A. is a Luxembourg limited-liability company
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AMENDMENT TO LOAN AGREEMENT
19 November 2003
The SEK 100 million of the facility that has to date been pledged as security for the loan and that has been reported as restricted cash has now become unrestricted with immediate effect. Furthermore, the loan expiration date has been extended by 15 months from October 2005 to 30 December 2006. The six monthly scheduled amortization payments that are payable on 30 June and 31 December in each calendar year have also been reduced from SEK 66.7 million to SEK 33.0 million. The capital outstanding on the loan as at 30 December 2006 is repayable on that date.
Metro reported cash and cash equivalents of US$ 40.4 million as at 30 September 2003 following the scheduled amortization payment of SEK 66.7 million at the end of the second quarter. Metro made a further amortization payment of SEK 66.7 million on 14 November 2003, reducing the outstanding amount of the loan to SEK 267 million. The next amortization payment of SEK 33.0 million is due on 30 June 2004.
For further information, please visit www.metro.lu, email info@metro.lu or contact:
| Pelle Törnberg, President & CEO | tel: +44 (0) 20 7016 1300 |
| Matthew Hooper, Investor & Press Relations | tel: +44 (0) 20 7321 5010 |