The Great Atlantic & Pacific Tea Company, Inc. - Early warning report required under the following statutes



    MONTVALE, NJ, March 9 /CNW/ -

    
    Jurisdiction       Securities Legislation Reference
    ------------       --------------------------------

    Alberta            Subsections 176(3) of the Securities Act (Alberta)

    British Columbia   Subsections 111(1) and 111(2) of the Securities Act
                       (British Columbia)

    Manitoba           Subsections 92(1) and 92(2) of the Securities Act
                       (Manitoba)

    New Brunswick      Subsection 126(1) and (2) of the Securities Act
                       (New Brunswick)

    Newfoundland       Subsections 102(1) and 102(2) of the Securities Act
                       (Newfoundland)

    Nova Scotia        Subsections 107(1) and 107(2) of the Securities Act
                       (Nova Scotia)

    Ontario            Subsections 101(1) and 101(2) of the Securities Act
                       (Ontario)

    Quebec             Sections 147.11(1) and 147.12 of the Securities Act
                       (Québec)

    Saskatchewan       Subsections 110(1) and 110(2) of the Securities Act,
                       1988 (Saskatchewan)

    A.  Name and address of the offeror:

        The Great Atlantic & Pacific Tea Company, Inc. ("A&P")
        2 Paragon Drive
        Montvale, New Jersey
        07645

    B.  Designation and number or principal amount of securities and the
        offeror's securityholding percentage in the class of securities of
        which the offeror acquired ownership or control in the transaction or
        occurrence giving rise to the obligation to file the report, and
        whether it was ownership or control that was acquired in those
        circumstances:

        Not applicable.

    C.  Designation and number or principal amount of securities and the
        offeror's securityholding percentage in the class of securities
        immediately after the transaction or occurrence giving rise to
        obligation to file the report:

        After giving effect to the transaction referred to under Item J
        below, A&P and its affiliates will own beneficially 11,726,645
        Class A Subordinate Shares of Metro Inc. ("Metro"), representing
        approximately 10.3% of Metro's issued and outstanding Class A
        Subordinate Shares (the "Shares").

    D.  Designation and number or principal amount of securities and the
        percentage of outstanding securities of the class of securities
        referred to in paragraph (c) over which:

        (i)   the offeror, either alone or together with any joint actors,
              has ownership and control:

              11,726,645 Class A Subordinate Shares, representing
              approximately 10.3% of the outstanding Shares.

        (ii)  the offeror, either alone or together with any joint actors,
              has ownership but control is held by other persons or companies
              other than the offeror or any joint actor:

              Not applicable.

        (iii) the offeror, either alone or together with any joint actors,
              has exclusive or shared control but does not have ownership:

              Not applicable

    E.  Name of the market in which the transaction or occurrence that gave
        rise to the report took place:

        See Item J below.

    F.  Purpose of the offeror and any joint actors in effecting the
        transaction or occurrence that gave rise to the report, including any
        future intention to acquire ownership of, or control over, additional
        securities of the reporting issuer:

        To realize proceeds from the sale of the Shares.

    G.  General nature and the material terms of any agreement, other than
        lending arrangements, with respect to securities of the reporting
        issuer entered into by the offeror, or any joint actor, and the
        issuer of the securities or any other entity in connection with the
        transaction or occurrence giving rise to the report, including
        agreements with respect to the acquisition, holding, disposition or
        voting of any of the securities:

        See Item J below.

    H.  Names of any joint actors in connection with the disclosure required
        by this report:

        A&P Luxembourg S.àr.l. ("A&P Luxembourg") is a wholly-owned
        subsidiary of A&P Bermuda Limited, which is a wholly-owned subsidiary
        of A&P. A&P is controlled by Tengelmann Warenhandelsgesellschaft KG,
        which is controlled by Tengelmann Verwaltungs und Beteiligungs GmbH.

    I.  The nature and value of the consideration paid by the offeror:

        The shares were sold at a price of Cdn.$37.65 per Share.

    J.  Where applicable, a description of any change in any material fact
        set out in a previous report filed under the early warning
        requirements of applicable Canadian securities legislation:

        Pursuant to a private agreement dated March 8, 2007 between A&P and
        its affiliate (the "Vendors") and TD Securities Inc. and certain of
        its affiliates ("TDSI"), the Vendors sold 6,350,000 Shares (the
        "Transferred Shares") to TDSI for further distribution by TDSI
        through sales on the Toronto Stock Exchange or otherwise. The
        Transferred Shares, which were comprised of 6,000,000 Shares
        registered in the name of A&P and 350,000 Shares registered in the
        name of A&P Luxembourg, represent approximately 5.5% of Metro's
        issued and outstanding Shares.

    DATED at Montvale, New Jersey this 9th day of March, 2007.
    




For further information:

For further information: Investor contact: William J. Moss, Vice
President, Treasurer, (201) 571-4019; Press contact: Richard P. De Santa, Vice
President, Corporate Affairs, (201) 571-4495

Organization Profile

THE GREAT ATLANTIC & PACIFIC TEA COMPANY, INC.

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