FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2005

Luxembourg, 20 April 2005 – Metro International S.A. (“Metro”) (MTROA, MTROB) today announced its financial results for the first quarter ended 31 March 2005. FIRST QUARTER 2005 HIGHLIGHTS • 28% year on year increase in net sales to US$ 84.1 million (US$ 65.8 million) • Operating profit of US$ 7.5 million, including US$ 15.9 million Metro Boston transaction profit (loss of US$ 3.9 million) • A 49% interest in Metro Boston sold for US$ 16.5 million to The New York Times Company, realizing a transaction profit of US$ 15.9 million • Operating loss for newspaper editions of US$ 3.6 million (profit of US$ 0.4 million) and operating loss for online businesses of US$ 0.4 million (US$ 0.0 million)• Operating profit for newspaper editions, excluding the new Lisbon and New York editions of US$ 1.0 million (profit of US$ 0.7 million) • Daily circulation at the end of March 2005 reached 6.9 million copies • Net profit of US$ 5.8 million (loss of US$ 5.4 million) • Cash and bank balances of US$ 47.3 million and net cash of US$ 3.3 million • Weighted average basic profit per share of US$ 0.01 (loss of US$ 0.01)