Paris, January 8, 2010
NOT FOR DISTRIBUTION IN THE UNITED STATES
Press Release
Vivendi S.A., a corporation incorporated under the laws of France, with headquarters at 42 avenue de Friedland, Paris, France (“Vivendi”), pursuant to article 9 of Instruction 358 of the Brazilian Securities Commission (the “CVM”), hereby confirms that it will launch a Tender Offer for the acquisition of, as of today, up to 18.139.709 outstanding common shares (corresponding to 13,22% of the total capital) issued by GVT (Holding) S.A. (the “Shares” and “GVT”), a public corporation with headquarters at Rua Lourenço Pinto, 299, 13th Floor, Centro, Curitiba – Paraná. The Tender Offer results from the acquisition by Vivendi of a controlling interest in GVT as announced on November 13, 2009.
Vivendi is requesting to combine the Tender Offer for purposes of (i) cancelling GVT’s registration as a listed company under the terms of article 16 of CVM Instruction 361 and (ii) complying with the rules applicable to offers for increase of participation under the terms of article 26 of CVM Instruction 361. Such Tender Offer is still subject to prior approval of the CVM.
The price for acquisition of each Share in the Tender Offer will be R$ 56.00 (the “Offer Price”), adjusted in accordance with the variation of the SELIC Rate (Taxa Referencial do Sistema Especial de Liquidação e Custódia) in the period comprised between November 13, 2009 and the settlement date of the Tender Offer. The Offer Price will be paid in cash, in Brazilian reais, on the date of settlement of the Tender Offer.
The Tender Offer will be carried out through an auction conducted in the electronic trading system of BM&FBOVESPA. Any shareholder who wishes to participate must qualify to do so following the terms and conditions of the Notice of Tender Offer to be published as soon as the approval from CVM is issued.
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
The tender offer referred to herein will not be made directly or indirectly in the United States of America, or by use of the U.S. mail or any U.S. means or instrumentality of U.S. interstate or foreign commerce or any facility of a U.S. national securities exchange. This includes, but is not limited to, facsimile transmission, electronic mail, telex, telephone and the internet. Accordingly, copies of this press release and any related offering materials are not being, and must not be, mailed or otherwise transmitted or distributed in or into the United States of America.
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, in particular the approval of the Commissão de Valores Mobiliaros (CVM). 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.
