PROPOSAL FOR THE BOARD OF DIRECTORS

Metro International S.A. (“Metro”), the international newspaper group, today announced that The Nomination Group consisting of major shareholders of Metro International has agreed the following proposal to the Annual General Meeting the 31 May 2005.

Mr Vigo Carlund, Mr Henry Guy, Ms Cristina Stenbeck, Mr Pelle Törnberg, Mr Patrick Byng and Mr Dennis Malamatinas shall be re-elected directors of the Company and Mr Joshua Berger be elected to the Board of Directors as a new board member. The Nomination Group also proposes that the Meeting resolve that the fees for the members of the Board of Directors for the period until the end of the next Annual General Meeting to be held in 2006 be a total of US$ 330,000. The above proposal is supported by shareholders representing more than 50 per cent of the votes in the company, including Investment AB Kinnevik, Modern times Group MTG AB, Robur, SEB Fonder and SEB Trygg Liv.