Paris, December 23, 2009

NOT FOR DISTRIBUTION IN THE UNITED STATES

Press Release

On November 13, 2009, Vivendi indicated that it had acquired call options giving right to purchase a total number of GVT shares corresponding to 19.6% of GVT’s outstanding voting share capital.

Today Vivendi announced that it has completed the exercise of all those call options, ahead of the original timetable that provided for a deadline as of February 17, 2010.

Vivendi now owns a total number of 112.3 million GVT shares corresponding to 81.8% of GVT’s outstanding voting share capital.

About Vivendi

A world leader in communications and entertainment, Vivendi controls Activision Blizzard (#1 in video games worldwide), Universal Music Group (#1 in music worldwide), SFR (#2 in mobile and fixed telecom in France), Maroc Telecom Group (#1 in mobile and fixed telecom in Morocco), Canal+ Group (#1 in pay-TV in France), GVT (#1 alternative operator in fixed telecom and internet in Brazil) and owns 20% of NBCU (leading U.S. media and entertainment group).
In 2008, Vivendi achieved revenues of €25.4 billion and adjusted net income of €2.7 billion. With operations in 77 countries, the Group has about 49,000 employees.

Important Disclaimer

This press release contains forward-looking statements. These forward-looking statements, many of which are beyond our control, are based upon management’s current beliefs or expectations and are inherently subject to significant business, economic and competitive uncertainties and contingencies, third-party approvals and regulatory authorizations. Investors and security holders may obtain a free copy of documents filed by Vivendi with the Autorité des Marchés Financiers (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