Vivendi
Universal (Paris Bourse: EX FP; NYSE:V) today confirmed in response to a statement
by USA Interactive and its affiliates (USA) that it disagrees with USA's interpretation
of their Partnership Agreement regarding Vivendi Universal Entertainment's
(VUE) obligation to make payments in respect of taxable income allocated to
USA's preferred interests in VUE. Various matters related to the VUE Partnership
Agreement are currently the subject of review, discussion and negotiation
between the parties.
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 as well as the risks described in the documents Vivendi
Universal has filed with the U.S. Securities and Exchange Commission and with
the French Commission des Opérations de Bourse. 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. Vivendi Universal does not undertake to provide, nor has
any obligation to provide, update or revise forward-looking statements.