Metro International S.A. ("Metro International"), the international newspaper group, and MAFRA a.s. ("MAFRA"), the leading publishing group in the Czech Republic, today announce that they will cooperate in the Czech market and have entered into a sale and purchase agreement whereby 60% of the share capital and votes of Metro International's Czech operation ("Metro Czech Republic") was sold to MAFRA. Financial terms were not disclosed. The transaction was completed on 21st December, 2007 and is not subject to regulatory approval. Metro Czech Republic publishes the leading national free daily newspaper Metro in the Czech Republic, distributed in all main towns throughout the country. The majority of the newspaper's readers are in the Prague metropolitan area. Metro Czech Republic has 78 employees and its net sales amounted to EUR 7.4 million in 2006. Metro Czech Republic will continue to publish the free daily Metro in the country, under a trade mark license with Metro International. The newspaper will also remain included in Metro International's Pan-European advertising packages. Roman Breitenfelner, Member of the Management Board of MAFRA commented: "This transaction adds a third national daily to our portfolio. MAFRA will now be able to offer its advertising partners an incomparable sales combination of MF DNES, Lidové noviny and Metro. Both publishing houses will develop a joint strategy for merging the free daily newspaper titles Metro and Metropolitni Expres and use the best practice of both concepts for a successful future of the daily. " Per Mikael Jensen, CEO of Metro International, commented: "MAFRA is a very strong media player in the Czech market and an excellent partner for Metro. This transaction will bring significant saving opportunities as well as possibilities of packaging Metro with some of the very strong MAFRA titles, which will accelerate the process towards profitability. As such, this is a good example of Metro International's strategy and dedication to stronger financial performance." For further information, please visit www.metro.lu, or contact: Martin Alsander, Executive Vice President tel: +46 (0)8 402 99 00 Frank Mooty, CFO tel: +44 (0)20 70 16 13 00 Birgitta Henriksson, IR contact tel: +46 (0)70 812 86 39 *** ABOUT METRO INTERNATIONAL AND METRO Metro is the largest and fastest growing international newspaper in the world. Metro is published in over 100 major cities in 21 countries across Europe, North & South America and Asia. Metro has a unique global reach - attracting a young, active, well-educated Metropolitan audience of over 20 million daily readers. Metro International's advertising sales have grown at a compound annual rate of 41% since the launch of the first edition in 1995. Metro International 'A' and 'B' shares are listed on the OMX Nordic Exchange's Nordic List under the symbols MTRO SBD A and MTRO SBD B. ABOUT THE MAFRA MEDIA GROUP MAFRA media group associates products from all areas of the media market under its roof. The flagship product of the firm is the most read respectable daily Mladá Fronta DNES, the second newspaper in the group is the daily Lidové noviny and further on the gratis daily Metropolitní Expres. The news portfolio is completed by the most trustful news portal iDNES.cz and the server Lidovky.cz. Also two Prague radio stations - Expresradio 90,3 FM and Radio Classic FM, music and lifestyle magazine Filter, lifestyle magazine Yop!, magazines Svet mobilu and Mobilhry and the music television Ócko come under the group.
Metro International and MAFRA media group sign Sale and Purchase Agreement for 60% of Metro Czech Republic
| Source: Metro International S.A.