(Montréal, January 15, 2007) – The Regroupement des Marchands Actionnaires Inc. has fully discontinued its legal proceedings instituted in January 2003 against Mr. Pierre H. Lessard, President and Chief Executive Officer of METRO INC. The proceedings pertained to Mr. Lessard’s compensation and also involved a request for his dismissal as President and Chief Executive Officer of METRO INC. METRO INC. considers that the discontinuance of these proceedings is in its best interest, as well as in the interest of its shareholders.

Moreover, the Regroupement des Marchands Actionnaires Inc. maintains the rest of the legal proceedings against METRO INC., also instituted in 2003, in which it challenges, in particular, the conversion of certain multi-voting Class B shares into Class A subordinate shares. METRO INC. will continue to contest the proceedings instituted by the Regroupement des Marchands Actionnaires Inc. since the company has always acted in the best interest of its shareholders and according to law.

METRO INC.

With annual sales approaching $11 billion and more than 65 000 employees, METRO INC. is a leader in the food and pharmaceutical sectors in Québec as well as in Ontario, where the company operates a network of nearly 600 food stores under the Metro, Metro Plus, Super C, A&P, Dominion, Loeb and Food Basics banners, as well as over 250 pharmacies under the Brunet, Clini Plus, Pharmacy and Drug Basics banners.


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SOURCE : METRO INC.
Information: Marie-Claude Bacon
Director, Corporate Affairs
(514) 643-1086

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