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Vivendi Voluntarily Delists from NYSE and
Terminates ADR Program
PARIS – August 3, 2006 – Vivendi
announced today that, as anticipated in press releases issued on January 17 and
April 20, 2006, the Group has terminated its deposit agreement with The Bank of
New York (BONY) relating to its American Depositary Receipts (ADRs). The deposit
agreement was terminated as of 5:00 p.m. (EST) on August 3, 2006. As a result,
August 3rd was the last trading day for Vivendi American Depositary Shares
(ADSs) on the New York Stock Exchange (NYSE) and the ADSs will be delisted from
the NYSE.
Holders of ADRs can exchange their receipts for underlying
Vivendi ordinary shares until August 28, 2006, by surrendering their ADRs to
BONY. After August 28th, the Vivendi ordinary shares representing any
outstanding ADRs will be sold by BONY and the net proceeds from those sales will
be held on the ADR holders’ behalf as set forth in the deposit
agreement.
As also previously announced, Vivendi will seek to terminate
its reporting obligations under the U.S. Securities Exchange Act of 1934
(Exchange Act). It will maintain the listing of its ordinary shares on the
Eurolist of Euronext Paris.
Vivendi will continue to comply with its
obligations under the Exchange Act until such time as its registration is
terminated. Thereafter, Vivendi will continue to provide a high standard of
corporate governance, information and disclosure for all investors, including
those in the U.S.
Important disclaimer:
This
document 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 and business strategy 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: Vivendi will not succeed in
terminating its registration under the U.S. Securities Exchange Act of 1934, as
well as the risks described in the documents Vivendi has filed with the U.S.
Securities and Exchange Commission and with the French Autorité des Marchés
Financiers (www.amf-france.org). Investors and security holders may obtain a
free copy of documents filed by Vivendi with the U.S. Securities and Exchange
Commission at www.sec.gov or directly from Vivendi. Vivendi does not undertake
to provide, nor has any obligation to provide, update or revise forward-looking
statements.
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