An anonymous director reports

METRO ONTARIO FROZEN DISTRIBUTION CENTRE OPERATIONS STOPPED BECAUSE OF REFRIGERATION ISSUE

The operations at Metro Ontario Inc.'s (a subsidiary of Metro Inc.) frozen distribution centre in Toronto have stopped since Friday, Sept. 12, 2025, as a result of an issue in its refrigeration system. The exact cause is still under investigation.

To ensure continued supply of frozen products to stores, Metro has activated its contingency plan. All Metro and Food Basics stores are open and stocked to serve customers.

While the company is making progress in reducing the impact of this disruption, at this time, it is unable to determine when its frozen distribution centre will be back in full operation. The implementation of the contingency plan will generate non-recurring costs in the fourth quarter ending Sept. 27, 2025, and in the first quarter of fiscal 2026.

The company will provide an update as required.

About Metro Inc.

With annual sales of more than $21-billion, Metro is a food and pharmacy leader in Quebec and Ontario, providing employment to more than 97,000 people. Its purpose is to nourish the health and well-being of its communities. As a retailer, franchisor, distributor, manufacturer and provider of e-commerce services, the company operates or services a network of 995 food stores under several banners including Metro, Metro Plus, Super C, Food Basics, Adonis and Premiere Moisson, and about 640 pharmacies primarily under the Jean Coutu, Brunet, Metro Pharmacy and Food Basics Pharmacy banners.

We seek Safe Harbor.