December 11th, 2008

(NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR ITALY)

Vivendi increases by €200 million its €500 million bond issue with
an October 2013 maturity

Today, Vivendi has successfully placed a €200 million increase of its bond issue of €500 million, issued in October 2006 with an October 2013 maturity. This transaction contributes to optimize Vivendi’s debt structure.

The new tranche is denominated in euros and is incorporated into the 2013 bond issue with a coupon of 4.5%, and has been issued at a price of 87.550%, corresponding to a 7.738% yield.

The new bonds have been placed with European institutional investors by means of a book building procedure carried out by Société Générale.

Important disclaimer

The notes will not be registered under the Securities Act of 1933, or any applicable state or foreign securities laws, and are subject to substantial restrictions on transfer. In particular, the notes may not be offered or sold in the U.S., or to or for the benefit of U.S. persons, absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.