Following the strengthening of its financing, Vivendi Universal wants to confirm that it will not be modifying the terms of the bonds convertible into Vivendi Environnement shares that it issued on March 8, 2001.

In line with the announcements made on September 25, Vivendi Universal’s financing needs have taken into account the possibility of an early redemption in cash, if holders so choose, of their convertible bonds for a total maximum amount of €1.9 billion on March 8, 2003.