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Metro International S.A. is a Luxembourg limited-liability company
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TF1 ACQUIRES 34.3% STAKE IN METRO FRANCE
9 September 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.
Pelle Törnberg, President and CEO of Metro International, commented: "TF1 is one of the largest and strongest media companies in Europe, and is the ideal partner for Metro in France. We will work closely with TF1 to realize all the synergies that are made possible by this partnership, which will further increase the potential of Metro's operations in France and accelerate the development of our French editions. This agreement follows our 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 |