Paris
and New York, August 30, 2002 - Vivendi Universal [Paris Bourse: EX FP;
NYSE: V] and the Socpresse group have formed plans to sell the consumer press
division of Vivendi Universal Publishing (Groupe Express-Expansion and Groupe
l'Etudiant) and Comareg (including Delta Diffusion, which is to join Mediapost).
The two transactions are together worth a total cash amount of more than 300
million euros.
The plans
will be submitted to the personnel representation organizations, the Boards
involved and the appropriate authorities. They will enable VUP's consumer
press division and Comareg to become part of a coherent strategy that will
guarantee their future and growth.
Important Disclaimer
This press release contains "forward-looking statements" as that
term is defined in the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are not guarantees of future performance. Actual
results may differ materially from the forward-looking statements as a result
of a number of risks and uncertainties, many of which are outside our control,
including but not limited to: the risk that board and other approvals necessary
to close the two transactions will be delayed or not obtained; as well as
the risks described in the documents Vivendi Universal has filed with the
U.S. Securities and Exchange Commission. Investors and security holders may
obtain a free copy of documents filed by Vivendi Universal with the U.S. Securities
and Exchange Commission at www.sec.gov or directly from Vivendi Universal.
Contacts :
Media Relations:
Paris
Antoine Lefort +33 (1).71.71.1180
Agnès Vétillart +33 (1).71.71.3082
New York
Anita Larsen +(1) 212.572.1118
Mia Carbonel l+(1) 212.572.7556
Investor Relations:
Paris
Laura Martin +33 (1).71.71.1084 or 917.378.5705
Laurence Daniel +33 (1).71.71.1233
New York
Eileen McLaughlin +(1) 212.572.8961