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FINANCIAL RESULTS FOR THE SECOND QUARTER AND SIX MONTHS ENDED 30 JUNE 2002

6 August 2002

Luxembourg, 6 August 2002 - Metro International S.A. ("Metro") (MTROA, MTROB), today

announced its financial results for the six months ended 30 June 2002.

SECOND QUARTER HIGHLIGHTS

  • Net sales up 29% year on year to US$ 36.9 million (US$ 28.6 million)

  • Net sales outside Sweden up 64% year on year to US$ 24.7 million (US$ 15.1 million)

  • Group EBITA improves year on year by 41% to US$ -11.0 million (US$ -18.5 million)

  • The 17 editions launched more than 1 year ago report EBITA profit of US$ 0.5 million

    (US$ -9.1 million)

  • Holland reported quarterly operating profit together with 6 other cities

  • Highest operating profit result in Sweden for two years

  • 11% year on year reduction in average cost per copy

  • 48% reduction in Headquarter costs

  • US$ 64 million of new financing secured

  • Daily readership up 50% year on year to 10.8 million readers with 2.6 readers per copy

    OTHER INFORMATION

    Metro's financial results for the third quarter and nine months ended 30 September 2002 will be released on 25 October 2002.

    This interim report has not been subject to review by the Company's auditors.

    Luxembourg, 6 August 2002.

    The Board of Directors of Metro International S.A.

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

    Pelle Törnberg, President & CEO tel: +44 (0) 20 7408 0230

    Matthew Hooper, Investor & Press Relations tel: +44 (0) 20 7321 5010

    The full report including tables can be downloaded from the following link:

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