Vivendi: 2008 Goals Reached

Monday, March 2nd, 2009
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Vivendi (Paris: VIV) revenues reached €25,392 million compared to €21,657 million in 2007, an increase of 17.2%, representing +18.3% at constant currency.

Canal+ Group

In 2008, Canal+ Group’s revenues were €4,554 million, a 4.4% increase compared to 2007.

On December 31, 2008, Canal+ Group’s pay-TV offers totalled 10.6 million subscriptions (individual and collective France, including overseas territories; Africa; and excluding Poland), of which 5.3 million is attributable to Canal+ and 5.3 million to CanalSat. Net portfolio growth over the past 12 months amounted to approximately 50,000 subscriptions, including an actual increase of approximately 175,000 and a negative adjustment of approximately 125,000, resulting from the portfolio change of scope to include viable contracts only and final TPS migration.

Canal+ subscriptions remained strong, comparable to those reported in 2007, approximately 600,000 new individual subscriptions in mainland France. In 2008, the digitization of the Canal+ subscriber base accelerated with nearly 350,000 upgrades from analog to digital offers. For the first time, Canal+ digital subscribers exceeded 80% of the total base, compared to 71% at end December 2007. CanalSat subscriptions were up compared to 2007 (+680,000), despite termination of TPS subscription sales. In 2008, nearly one million TPS subscribers were transferred to the CanalSat platform.

(thousands)         2008    2007  Net adds.
                  ------  ------  ---------
Subscriptions     10,591  10,544       +47*
  o/w Canal+       5,265   5,320
  o/w CanalSat     5,326   5,224

* +173 before adjustment of 126

SFR

In 2008, SFR’s revenues increased 28.1% to €11,553 million compared to 2007, due to the consolidation of Neuf Cegetel on April 15, 2008 and of the fixed and ADSL operations of Tele2 France on July 20, 2007.

The launch of the “neufbox by SFR” was the key success of the year ended December 31, 2008. As a result, SFR achieved an excellent performance during the fourth quarter of 2008, adding 149,000 net new broadband Internet active customers.

                                                 2008
                                ---------------------
                                 Q1    Q2    Q3    Q4
                                ---   ---   ---   ---
Broadband net adds (thousands)   92    36    18   149

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