Investor Relations
Corporate Governance
Metro International S.A. is a Luxembourg limited-liability company
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CHANGES TO LOANS
10 February 2003
Kinnevik has agreed not to call in the loan to Metro of SEK 442 million during 2003. The loan has no fixed term and bears interest at STIBOR plus three per cent per annum.
MTG has deferred repayment of its existing loan to Metro of US23.5 million by twelve months until 15 August 2004. This loan bears interest at an annual rate of LIBOR plus two per cent and had been due for repayment on 15 August 2003. MTG has also extended the period of conversion of the US$22.1 million of Metro International convertible debentures by twelve months until 23 May 2004. These convertible debenture notes bear interest at six per cent per annum and were due for conversion by 23 May 2003 at a strike price of US$ 1.42 per share.
Metro's financial results for the fourth quarter and twelve months ended 31 December 2002 will be released tomorrow, Tuesday 11 February 2003.
For further information, please visit www.metro.lu, email info@metro.lu or contact:Pelle Törnberg, President & CEO tel: +44 (0) 20 7016 1300Matthew Hooper, Investor & Press Relations tel: +44 (0) 20 7321 5010