Vivendi

Update on the Study of the Split Project - Seite 2

An investment company
This investment company would own listed and unlisted financial stakes in the cultural, media and entertainment sectors. It would actively support the strategic development of its portfolio companies and would focus on value creation and capital return to its shareholders, through an effective portfolio rotation and a targeted reinvestment policy.

This split project would provide each of the four listed companies with the human resources and the financial agility necessary for their development.

This project will have to prove its added value for all stakeholders and include an analysis of the tax consequences of the various contemplated operations.

A new update on the study of the split project will be presented to the Supervisory Board meeting convened on March 7, 2024, the day of the publication of the Group’s 2023 annual results.

Several other important steps should be taken. These include, amongst others, the consultation of the employee representative bodies of the concerned entities, before which no decision in principle will be taken, the necessary regulatory approvals, the approvals required from the bond holders and the other Group’s creditors as well as, in due time, the consent of the Vivendi shareholders.

Important disclaimers

This press release contains information that may have characterized, before becoming public, inside information as defined by Article 7, par. 1, of the European Regulation 596/2014. It also contains forward-looking statements with respect to Vivendi’s financial condition, results of operations, business, strategy, plans and outlook, including the impact of certain transactions such as the split and listing projects, as well as related operations. Although Vivendi believes that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of completion of the split and listing projects nor of Vivendi’s 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 related to regulatory, administrative, third-party or any other approvals and the risks described in the documents of the Group filed by Vivendi with the Autorité des Marchés Financiers (the French securities regulator), which are also available in English on Vivendi’s website (www.vivendi.com). Investors and security holders may obtain a free copy of documents filed by Vivendi with the Autorité des Marchés Financiers at www.amf-france.org, or directly from Vivendi. Accordingly, we caution readers against relying on such forward-looking statements. These forward-looking statements are made as of the date of this press release. 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. This press release does not contain and does not constitute an offer of securities, nor an inducement to invest in France or abroad.