Vivendi

Dividend based on 2010 results

At the shareholders’ meeting to be held on April 21, 2011, a distribution of a €1.40 per share cash dividend based on 2010 earnings will be proposed, corresponding to a distribution rate of 64% of the adjusted net income and to a total distribution of €1.73 billion. If approved, the payment calendar will be as follows:
 ex-dividende date : May 5, 2011
 record date : May 9, 2011
 payment date : starting May 10, 2011

(1)Number of shares ranking for dividend as of January 1st, after deduction of treasury held at the divided payment date.
(2)Payment to bearers of equity notes in November 2005 for 47 million euros and to sharholders of Vivendi Exchangeco for 3 million euros.
(3)Payment to shareholders of Vivendi Exchangeco for 5 million euros.
(4) Vivendi has given its shareholders the possibility of choosing their 2008 dividend payment in either shares or cash.
55,47% of rights had been exercised in favor of payment in shares, which represents a strengthening of Vivendi’s capital of €904 million.