Financial results for the fourth quarter and twelve months ended 31 december 2002

METRO INTERNATIONAL S.A. FINANCIAL RESULTS FOR THE FOURTH QUARTER AND TWELVE MONTHS ENDED 31 DECEMBER 2002 Luxembourg, 11 February 2003 - Metro International S.A. ("Metro") (MTROA, MTROB), today announced its financial results for the fourth quarter and twelve months ended 31 December 2002. FOURTH QUARTER HIGHLIGHTS - 19 editions launched more than 1 year ago report EBITA operating profit (excluding headquarters) of US$ 0.04 million (US$ -4.3 million) - Group operating losses reduced year on year by 44% to US$ -10.5 million (US$ -18.6 million) - Net sales up 44% year on year to US$ 46.4 million (US$ 32.2 million) and international sales up 67% to US$ 32.6 million (US$ 19.6 million) - Metro now world's largest newspaper outside Japan - 10 out of 24 editions report operating profits in the quarter and a further four editions report monthly operating profits - Spanish operations report first combined quarterly operating profit - 9.5% year on year reduction in average cost per copy in quarter and 9.0% for full year - Liquid funds of US$ 24.0 million at close of quarter, including US$ 11.4 million of restricted funds - SEK 150 million of secured additional funding from Kinnevik drawn down after year end ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/02/11/20030211BIT00940/wkr0002.doc The full report http://www.waymaker.net/bitonline/2003/02/11/20030211BIT00940/wkr0004.pdf The full report