05.10.2000

Voluntary Offer to Convert Preferred Stock to Common Stock begins on 6 October 2000

The preferred shares can be exchanged by means of a cash payment of a conversion premium of € 11.60 at a ratio of 1:1 for common stock of METRO AG. With this conversion, the preferred shareholders have the opportunity to convert their preferred stock to the more attractive common stock. METRO AG is thereby further increasing its attractivity in the capital markets and its transparency for domestic and international investors. This is particularly true for the inclusion in internationally representative stock market indices, whereby membership is based only on the market capitalization of the METRO common stock. The required decisions to convert preferred stock to common stock were made at the annual general meeting on 4 July 2000 and at the special meeting of the preferred stockholders, which took place on the same day. The complete conversion offer is available on the Internet at http://www.metro.de from 6 October 2000. The details of the offer will also be published in the Bundesanzeiger (Federal Register) on 6 October 2000. Voluntary Offer