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Metro International S.A. is a Luxembourg limited-liability company
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COMPLETION OF TF1 ACQUISITION OF 34.3% STAKE IN METRO FRANCE
17 November 2003
Metro France's three editions - in Paris, Marseille and Lyon - attract more than 1.3 million daily readers. Metro was launched in the three cities in the Spring of 2002, covering a target population of almost 11 million people and becoming the largest newspaper by circulation in the three cities on a combined basis. France is the third largest advertising market in Europe, and reported annual media spend on newspaper advertising of US$ 1.4 billion in 2002.
"We have already started working with TF1 on joint initiatives. As France's leading television broadcaster, the partnership provides Metro with access to a large number of potential new advertising clients and some of Europe's leading brands," commented Metro President and CEO Pelle Törnberg. "This deal follows on our other successful partnerships in North America and reflects the significant similarities between the free-to-air television and free newspaper businesses."
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 |