METRO AG: New Group structure - Pushing the Shape programme

METRO AG / Restructure of Company/Final Results

16.03.2010 17:00

Dissemination of an Ad hoc announcement according to § 15 WpHG,
transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Düsseldorf, 16 March 2010 - At today's METRO AG Supervisory Board meeting,
management informed of the new corporate structure for the Group. The
Supervisory Board resolved a reassignment of Management Board areas of
responsibility according to the structure.

One major aspect of the new Group structure is the split of Metro Cash &
Carry into two business units - Europe/MENA, managed by Joël Saveuse, and
Asia/New Markets, managed by Frans Muller. The new structure reflects the
great importance Metro Cash & Carry has within the Group, and takes into
account the considerably different regional market requirements.
Furthermore, the organisational basis strengthens the successful
implementation of the Shape programme, as well as the acceleration of the
international expansion in the medium term.

In the course of the new Group structure implementation, administrative
functions at METRO AG and at Metro Cash & Carry are to be, to a large
extent, integrated, and thus realise cost savings.

METRO AG's CEO, Dr Eckhard Cordes, will present tomorrow, Wednesday 17
March 2010, the new Group structure at a press conference and an analysts'
meeting. At the same time the 2009 financial statements will be presented
and consequently, the originally planned communication events for
journalists and analysts will not be held on Tuesday, 23 March 2010.

Accordingly, the 2009 Annual Report will be published at 8.00 a.m.
tomorrow, Wednesday, 17 March 2010. METRO Group generated EUR2.024 billion
EBIT before special items in the financial year 2009.


16.03.2010 Ad hoc announcement, Financial News and Media Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      METRO AG
              Schlüterstr. 1
              40235 Düsseldorf
              Deutschland
Phone:        +49 (0)211 6886-1936
Fax:          +49 (0)211 6886-3759
E-mail:       investorrelations@metro.de
Internet:     www.metrogroup.de
ISIN:         DE0007257503, DE0007257537, Weitere: www.metro.de/investor
relations
WKN:          725750, 725753, Weitere: www.metro.de/investor relations
Indices:      DAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), Düsseldorf;
              Freiverkehr in Berlin, München, Hannover, Stuttgart, Hamburg;
              Terminbörse EUREX
 
End of News                                     DGAP News-Service
 
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