Paris, August 11, 2010
Vivendi is very satisfied with the confirmation by the ICSID of the award issued in its favor on August 2007
In a decision released on August 10, 2010, the International Centre for Settlement of Investment Disputes (ICSID) rejected Argentina’s action to annul the award rendered in favor of Vivendi, on August 20, 2007. This award determined that the acts of provincial officials of Tucumán violated rights of Vivendi and its subsidiary Compañía de Aguas del Aconquija (CAA) and the Treaty between France and Argentina that protects foreign investors.
The ICSID had awarded Vivendi and CAA $105 million for damages plus interest and costs.
Vivendi is very satisfied with this decision rendered in its favor, in a long-running dispute, initiated in 1997, over a water services concession contract in the Argentine Province of Tucumán.
About Vivendi
Vivendi is at the heart of the different worlds of content, platforms and interactive networks.
Vivendi brings together the world leader in video games (Activision Blizzard), the world leader in music (Universal Music Group), the French leader in alternative telecoms (SFR), the Moroccan leader in telecoms (Maroc Telecom Group), the leading alternative telecoms provider in Brazil (GVT) and the French leader in Pay TV (Canal+ Group).
In 2009, Vivendi achieved revenues of €27.1 billion and adjusted net income of €2.6 billion. With operations in 77 countries, the Group has over 49,000 employees.
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 (). 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.
