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Paris, August 21, 2007
ICSID rules in favor of Vivendi in Tucuman (Argentina)
dispute
Vivendi announces that the international arbitration tribunal- ICSID has
ruled in favor of Vivendi and Compañía de Aguas del Aconquija (CAA, Vivendi’s
Argentina subsidiary), in a dispute related to a water concession of the
Argentine Province of Tucuman. The concession started in 1995 and was completed
in 1997.
In an award released on August 20, 2007, the International
Centre for Settlement of Investment Disputes (ICSID), determined that acts of
provincial officials violated rights of Vivendi, its subsidiary and the Treaty
between France and Argentina that protects foreign investors in both countries.
The tribunal awarded Vivendi and CAA $105 million for damages plus
interest and costs.
Important
disclaimer This press
release contains forward-looking statements with respect to the financial
condition, results of operations, business, strategy and plans of Vivendi.
Although Vivendi believes that such forward-looking statements are based on
reasonable assumptions, such 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 risks described in the
documents Vivendi filed with the Autorité des Marchés Financiers (French
securities regulator) and which are also available in English on our web site
(www.vivendi.com
). Investors and
security holders may obtain a free copy of documents filed by Vivendi with the
Autorité des Marchés Financiers at www.amf-france.org, or directly
from Vivendi. The present forward-looking statements are made as of the date of
the present press release and Vivendi disclaims any intention or obligation to
provide, update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
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