Vivendi Announces Completion of Tender Offer

Published on

Paris, April 12, 2012


Vivendi Announces Completion of Tender Offer

Vivendi announced the pricing and results of its offer to purchase (the “Tender Offer”) for cash any and all of the $700 million 5.75% Notes due 2013 (CUSIP: 92852EAK1 (144A)/F7063CAU0 (Reg S); ISIN: US92852EAK10 (144A)/USF7063CAU02 (Reg S)) (the “Notes”). As of the Tender Offer expiration at 5:00 p.m., New York City time, on April 11, 2012, Vivendi received tender instructions totaling $529,548,000 principal amount of Notes.

The Tender Offer was made upon the terms and subject to the conditions, including the financing condition which relates to the closing of the issuance of US$2 billion principal of Notes priced on April 3, 2012, set forth in the Offer to Purchase dated April 3, 2012 (the “Offer to Purchase”). If the conditions to the Tender Offer are satisfied or waived, Vivendi will accept for purchase all such Notes.

The Reference Yield for the 0.75% U.S Treasury Note due March 31, 2013, as determined at 10:00 a.m. New York City time on April 11, 2012, is 0.216% and the Total Consideration is $1,048.82 per $1,000 in principal amount. Vivendi will also pay accrued interest of $1.44 per $1,000 in principal amount.

Settlement is expected to occur on April 13, 2012.

After the success of the US$2 billion Notes issue in three tranches which will close today, Vivendi will also have succeeded in repurchasing 76% of a US$700 million line maturing next year. The two transactions combined will result in extending its debt’s maturity and in reducing its cost.

This press release does not constitute an offer to purchase the Notes or a solicitation of an offer to sell any of these Notes nor is it a solicitation for acceptance of the Offer. Vivendi made the Offer only by and pursuant to the terms of the Offer to Purchase. The Offer was not made to (nor were tenders of Notes accepted from or on behalf of) holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. This announcement must be read in conjunction with the Offer to Purchase.

United Kingdom. The Tender Offer and any other documents or materials relating to the Tender Offer is not being made, and such documents and/or materials have not been approved, by an authorised person for the purposes of section 21 of the Financial Services and Markets Act 2000 (the “FSMA”). Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials is exempt from the restriction on financial promotions under section 21 of the FSMA on the basis that it is only directed at and may be communicated to (1) persons who have professional experience in matters relating to investments, being investment professionals as defined in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “FPO”); (2) persons who fall within Article 49 of the FPO (“high net worth companies, unincorporated associations etc.”); or (3) any other persons to whom these documents and/or materials may lawfully be communicated. Any investment or investment activity to which this Tender Offer relates is available only to such persons or will be engaged only with such persons and other persons should not rely on it.

France. The Tender Offer is not being made, directly or indirectly, to the public in France. Neither the Tender Offer nor any other documents or offering materials relating to the Tender Offer have been or shall be distributed to the public in France and only (i) providers of investment services relating to portfolio management for the account of third parties (personnes fournissant le service d’investissement de gestion de portefeuille pour compte de tiers) and/or (ii) qualified investors (investisseurs qualifiés), all as defined in, and in accordance with, Articles L.411-1, L.411-2 and D.411-1 to D.411-3 of the French Code monétaire et financier, are eligible to participate in the Tender Offer. The Tender Offer has not been submitted to the clearance procedures (visa) of the Autorité des marchés financiers.

European Economic Area. In any European Economic Area (“EEA”) Member State that has implemented Directive 2003/7 1 /EC (and amendments thereto, including Directive 2010/73/EU, together with any applicable implementing measures in any Member State, the “Prospectus Directive”), the Tender Offer is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.

About Vivendi The best emotions, digitally Vivendi is at the heart of the worlds of content, platforms and interactive networks. Vivendi combines 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 broadband operator in Brazil (GVT) and the French leader in pay-TV (Canal+ Group). In 2011, Vivendi achieved revenues of €28.8 billion and adjusted net income of €2.95 billion. The Group has over 58,300 employees.


Important Disclaimers Cautionary Statement Concerning Forward Looking Statements. This press release may contain forward-looking statements. 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 market conditions as well as 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 Vivendi’s website ( Investors and security holders may obtain a free copy of documents filed by Vivendi with the Autorité des Marchés Financiers at, or directly from Vivendi. These forward-looking statements are made as of the date of this 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. Unsponsored ADRs. Vivendi does not sponsor an American Depositary Receipt (ADR) facility in respect of its shares. Any ADR facility currently in existence is “unsponsored” and has no ties whatsoever to Vivendi. Vivendi disclaims any liability in respect of such facility.

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