Shareholders’ Committee Meeting of September 22, 2009

The group’s first half results and strategy, including the announcement of an imminent takeover bid of Brazilian operator GVT, were presented to the Committee. The members then gave their opinion on the events held for individual shareholders, the Letter to Shareholders and the Annual Report and Sustainable Development Report. Discussions were productive and generated many new ideas.

The members also met and talked with Jean-Bernard Lévy, Chairman of Vivendi’s Management Board.