Metro inc. — AGM Information 2020

Dec 17, 2020

Notice of 2021 Annual General Meeting of Shareholders

When

Tuesday, January 26, 2021 at 10:00 a.m. (Eastern Standard Time)

Where

Virtually via a live webcast at https://web.lumiagm.com/491747398

Business of the Meeting

1. receiving the Consolidated Financial Statements of the Corporation for the financial year ended September 26, 2020 and the report of the independent auditors thereon;

2. electing directors;

3. appointing auditors;

4. considering and, if deemed appropriate, passing an advisory resolution on the Corporation’s approach to executive compensation as described on page 6 of the Management Proxy Circular (the “Circular”);

5. considering and, if deemed advisable, adopting an ordinary resolution (the “By-Laws Resolution”) ratifying, confirming and approving certain amendments to the Corporation’s By-Laws, all as more particularly described on page 7 of the Circular; and

Documents related to the Meeting

METRO INC. has decided to use the Notice and Access rules adopted by the Canadian Securities Administrators to reduce the volume of paper with respect to materials distributed for the purpose of the Meeting. Instead of receiving the Circular, shareholders will receive a Notice of Meeting with instructions on how to access the remaining Meeting materials online together with the form of proxy or voting instruction form, as the case may be. The Circular and other relevant materials are available on the Corporation’s corporate website (corpo.metro.ca/en/investor-relations/annual-generalmeeting.html) or on SEDAR (sedar.com). Shareholders are advised to review the Meeting materials prior to voting. Any shareholder who wishes to receive a paper copy of the Meeting materials may, at no cost, request such printed copies by calling our proxy solicitation agent D.F. King Canada toll-free at 1 800 246-2916, if you are in North America, or at 1 416 682-3825, if you are outside North America, or by email at inquiries@dfking.com.

If paper copy of the Meeting materials is required, we recommend sending the request as soon as possible, and ideally before January 14, 2021, in order to allow shareholders sufficient time to receive and review said Meeting materials and return the form of proxy or voting instruction form in the prescribed time.

1. transacting such other business as may properly be brought forward at the Meeting.

The holders of common shares of record at the close of business (Eastern Standard Time) on December 11, 2020 are entitled to receive notice of, to attend and to vote at this Meeting.

Note:

The holders of common shares who are unable to attend the Meeting are requested to proceed according to the instructions provided in the Circular, and to return the form of proxy or voting instruction form at their earliest convenience, but before 5:00 p.m. (Eastern Standard Time) on January 22, 2021.

Shareholders may register and log into the live webcast platform from 9:00 a.m. (Eastern Standard Time) on January 26, 2021. We would appreciate your early registration so that the Meeting may start promptly at 10:00 a.m. (Eastern Standard Time).

By order of the Board of Directors,

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Simon Rivet Corporate Secretary Montréal, Québec December 11, 2020

METRO INC.

MANAGEMENT PROXY CIRCULAR 2020

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