Vivendi Full Year 2007 Revenues Increase Significantly

Business Wire, Jan 30, 2008

For the fourth quarter of 2007, Vivendi Games' revenues of EU302 million were 7.4% below the prior year (down 4.4% on a constant currency basis). Blizzard Entertainment's revenues of EU186 million were higher than 2006 ( 19%), while the Sierra Entertainment, Sierra Online and Vivendi Games Mobile businesses were lower at EU116 million (-32%); each of the business segments were impacted by unfavorable currency exchange movements.

The increase in Blizzard Entertainment's revenues was driven by the continued momentum of World of Warcraft.

Important disclaimer:

This press release contains forward-looking statements with respect to the financial condition, results of operations, business, strategy and plans of Vivendi. 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, the risks described in the documents Vivendi filed with the Autorite des Marches Financiers (French securities regulator) and which are also available in English on our web site (www.vivendi.com). Investors and security holders may obtain a free copy of documents filed by Vivendi with the Autorite des Marches Financiers at 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.

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1 At constant currency.

2 UMG's full year and fourth quarter of 2007 revenues included BMGP's revenues, consolidated since May 25, 2007, for a total of EU207 million and EU78 million, respectively (after intragroup costs elimination) and Sanctuary's revenues, consolidated since August 2, 2007, for a total of EU67 million and EU39 million, respectively.

3 Canal Group's 2007 revenues include TPS' revenues consolidated since January 4, 2007, when Vivendi and Canal Group obtained control of TPS. For information, TPS' revenues amounted to EU596 million for the year 2006 and EU153 million for the fourth quarter of 2006.

4 SFR's 2007 revenues include Tele2 France's revenues, consolidated since July 20, 2007. For information, Tele2 France's revenues for the second semester and fourth quarter of 2006 amounted to EU220 million and EU117 million, respectively.

5 Mobile service revenues correspond to mobile revenues excluding revenues from net equipment sales.

6 ARPU (Average Revenue Per User) is calculated on a twelve-month rolling period by dividing revenues net of promotions and net of third-party content provider revenues, excluding roaming in and equipment sales, by average Arcep total customer base for the last twelve months.

7 SFR excluding wholesale customer total base. Wholesale customer base reached 1,208,000 at the end of December (excluding pre-activations). As a reminder, as from January 1st, 2007, VNO base is calculated excluding pre-activations.