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Page Background Group Profile | Businesses | Litigation | Risk Factors 07 1. Group Profile 09 2. Businesses 20 3. Litigation 32 4. Risk Factors 38

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Societal, Social and Environmental Information 41 1. Corporate Social Responsibility (CSR) Policy 42 2. Societal Information 47 3. Social Information 62 4. Environmental Information 77 5. Verification of Non-Financial Data 85 Recent events | Outlook 337 1. Recent events 338 2. Outlook 339

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Responsibility for Auditing the Financial Statements 341 1. Responsibility for Auditing the Financial Statements 342 Information about the Company | Corporate Governance | Reports 91 1. General Information about the Company 92 2. Additional Information about the Company 93 3. Corporate Governance 106 4. Report by the Chairman of Vivendi’s Supervisory Board on Corporate Governance, Internal Audits and Risk Management – Fiscal Year 2014 147 5. Statutory Auditors’ report, prepared in accordance with Article L.225-235 of the French Commercial Code, on the Report prepared by the Chairman of the Supervisory Board of Vivendi SA 156 Financial Report | Statutory Auditors’ Report on the Consolidated Financial Statements | Consolidated Financial Statements | Statutory Auditors’ Report on the Financial Statements | Statutory Financial Statements 159 Selected key consolidated financial data 160 I - 2014 Financial Report 161 II - Appendices to the Financial Report: Unaudited supplementary financial data 191 III - Consolidated Financial Statements for the year ended December 31, 2014 195 IV - Vivendi SA - 2014 Statutory Financial Statements 294 Management Message 02 At the center of our businesses 04