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Paris, October 10, 2006
Vivendi filed a criminal complaint against Deutsche Telekom and
Elektrim
Vivendi filed a criminal complaint today with the Warsaw Regional Public
Prosecutor's office, to protect its rights as a creditor in the framework of the
bankruptcy proceedings of Elektrim and prevent any illegal transfer of PTC
shares, including through the exercise of a call option to the benefit of
Deutsche Telekom which would result in the preferential treatment of certain
creditors in breach of bankruptcy law.
Elektrim and Zygmunt Solorz-Zak,
in cooperation with Deutsche Telekom, conducted in secrecy illegal negotiations
with certain creditors of Elektrim in order to permit Deutsche Telekom to
exercise a call option over the PTC shares. Deutsche Telekom announced that it
had paid out 600 million Euros in respect to the call option.
Giving
preferential treatment to one group of creditors over another while a company is
headed for bankruptcy is a crime in Poland. This complaint, yet another example
of Deutsche Telekom and Elektrim's blatant defiance of Polish laws, is directed
at all those entities and individuals who could benefit or have participated in
the scheme.
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 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 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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