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METRO APPOINTS MANAGING DIRECTORS

17 November 2003

The appointments are as follows:

Svenn Dam - Managing Director, Northern Europe Carlos Oliva-Velez - Managing Director, Southern Europe and Latin America Anders Kvarby - Managing Director, Central EuropeJohan Hansson - Managing Director, North AmericaPeter Kuo - Managing Director, Asia

Per Mikael Jensen - International Chief EditorToby Constantine - Marketing DirectorSilvio de Groot - Head of online advertising sales

Following Anders Kvarby's appointment as Managing Director of the Central European region, Martin Gellerstedt has been named as the new Managing Director of Metro's Swedish operations.

Toby Constantine has joined Metro to coordinate the group's marketing activities and implement new branding and promotion initiatives. Toby has previously served as Marketing Director for 'The Sunday Times' and 'The Times' newspapers and as Marketing Manager for 'The Sun' and 'The News of the World'.

"This reorganization reflects the global nature of the group and our business relationships. The new structure combines our existing pool of proven management talent with the recruitment of highly experienced new managers," commented Metro President and CEO Pelle Törnberg. "We are able to benchmark individual performance on a daily basis and the new regional Managing Directors will drive this evaluation process even further and faster."

For further information, please visit www.metro.lu, email info@metro.lu or contact:

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