METRO INC. renews its share buyback program

    MONTREAL, Sept. 3 /CNW Telbec/ - METRO INC. announces that the renewal of
its issuer bid program as an additional option for using excess funds has been
approved by the Toronto Stock Exchange. Thus, the Company will be able to
repurchase, in the normal course of business, between September 8, 2009 and
September 7, 2010, up to 6,000,000 of its Class A Subordinate Shares
representing approximately 8.3 % of its outstanding public float on August 31,
2009. On August 31, 2009, there were 108,300,906 issued and outstanding shares
of which 72,251,121 were part of the outstanding public float of the Company.
The average daily trading volume of Company's Class A Subordinate Shares over
the last six (6) completed months was 390,837 shares. Accordingly, under the
Toronto Stock Exchange Rules and Policies, the Company is entitled on any
trading day to purchase up to 97,709 Class A Subordinate Shares. Repurchases
will be made through that stock exchange at market price and in accordance
with its policies and regulations. The Class A Subordinate Shares so
repurchased will be cancelled. Under the existing normal course issuer bid
program, from September 5, 2008 to August 31, 2009, the Company repurchased
4,550,800 Class A Subordinate shares at a weighted average price of $34.55 per
share for a total of $157.2 millions.


    With annual sales of nearly $11 billion and over 65,000 employees, METRO
INC. is a leader in the food and pharmaceutical sectors in Québec and Ontario
where it operates a network of close to 600 food stores under several banners
including the Metro, Metro Plus, Super C, and Food Basics banners as well as
over 250 drugstores under the Brunet, Clini Plus, The Pharmacy and Drug Basics
    %SEDAR: 00001783EF

For further information:

For further information: Richard Dufresne, Senior Vice-President, Chief
Financial Officer, (514) 643-1003; Source: METRO INC.

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