The Great Atlantic & Pacific Tea Company, Inc Early Warning Report



    required under the following statutes

    
    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)
    

    MONTVALE, NJ, Nov. 27 /CNW/ -

    
    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 transactions referred to under Item J
        below, A&P and its affiliates will no longer own any Class A
        Subordinate Shares (the "Shares") of Metro Inc. ("Metro").

    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:

              Not applicable.

        (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:

        Not applicable.

    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:

        A&P has sold all of its 11,726,645 Shares. Pursuant to a private
        agreement between A&P and its affiliate A&P Luxembourg (together, the
        "Vendors") and TD Securities Inc. ("TDSI"), A&P Luxembourg sold
        10,226,645 Shares to TDSI for further distribution by TDSI through
        sales on the Toronto Stock Exchange or otherwise. Concurrently,
        pursuant to the terms of an agreement between Metro and the Vendors,
        Metro repurchased an additional 1,500,000 Shares from A&P Luxembourg
        for cancellation. The gross proceeds to A&P Luxembourg from the sale
        of the Shares will be approximately US$347 million.

    DATED at Montvale, New Jersey this 26th day of November, 2007.
    





For further information:

For further information: Investor Contact: William J. Moss, Vice
President, Treasurer, (201) 571-4019; Press Contact: Richard P. De Santa,
Senior Director, Communications, (201) 571-4495

Organization Profile

THE GREAT ATLANTIC & PACIFIC TEA COMPANY, INC.

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