Vivendi Full Year 2007 Revenues Increase Significantly

Business Wire, Jan 30, 2008

8 SFR was rated first or first placed equal on 30 out of 32 criteria measured by Arcep.

9 Maroc Telecom's 2007 revenues included Onatel, consolidated from January 1, 2007, and Gabon Telecom, consolidated from March 1, 2007.

10 Constant perimeter illustrates the full consolidation of Onatel and Gabon Telecom as if these transactions had occurred at the beginning of 2006 for Onatel and on March 1, 2006 for Gabon Telecom.

11 Revenue linked to incoming international traffic towards Maroc Telecom mobile and to outgoing international traffic from Maroc Telecom mobile has been directly accounted for in mobile operations since January 1, 2007, whereas it was previously accounted for as transit revenue in fixed and Internet operations. Revenue evolution rates are consistent with this new presentation. This has no impact on Maroc Telecom's global net revenues.

12 Concerns only Morocco.

13 The customer base includes prepaid customers giving or receiving a voice call during the last 3 months and not resiliated postpaid customers.

14 ARPU (Average Revenue Per User) is defined as revenues from incoming and outgoing calls and data services, net of promotions and excluding roaming in and equipment sales, divided by average prepaid and postpaid customer base over the period.