Lou Jardin has resigned as a director of Metcash Ltd.

Metcash Ltd., Board Meeting, Feb 04, 2010 Agenda: To give to the Chief Executive Officer, Mr. Andrew Reitzer, a new long term three year retention incentive to commence on 1 May 2010 at the expiration of the current retention incentive.

Metcash Ltd. clarifies and corrects media articles that have arisen from the decision by the NSW Court of Appeal regarding a contractual dispute between the company and Franklins Pty Ltd. The parties entered into a supply agreement in 2001 which was based on Metcash's standard wholesale trading term arrangements. These terms were listed and transferred to a laminated list used by Metcash and Franklins buyers to manage the trading terms relationship between the parties and suppliers. The key issue in the dispute related to Metcash's right to retain certain discounts and allowances negotiated with suppliers. The Court ordered that the supply agreement be rectified, consistent with the laminated list, to specifically state that the discounts and allowances were to be retained by Metcash and not passed to Franklins; any allowance or discount that is; (a) A direct; (b) Cross docking; (c) Early payment discount; (d) Centralisation /redistribution allowance; or (e) Slow moving rebate. This means the Supply Agreement is consistent with the manner in which Metcash conducted the trading relationship with Franklins. Throughout the term of the agreement, Metcash's charges to Franklins were audited by Ernst & Young to ensure that Franklins were receiving all discounts and allowances to which they were entitled.