The Board of Directors of METRO inc. (the “Corporation”) believes that good corporate governance is essential and the Corporation imposes to its directors, officers and employees a rigorous code of ethics.

The Corporation intends to comply as much as possible with the guidelines adopted by the Canadian Securities Administrators and with the standards of other regulatory bodies. The following table sets forth the statement of corporate governance practices of the Corporation. The information therein contained is up to date as at December 8, 2023, and will be further updated in December 2024 in view of the filing of the Management Proxy Circular for the Annual General Meeting of Shareholders to be held in 2025.

METRO’s corporate responsibility governance is part of the Corporation’s management structure, is driven by the leadership of its executive team and relies on specific individuals in each decision-making and implementation stage, under the guidance of the Board of Directors. See the Governance and the Reference Documents sections for more details.