Vivendi Full Year 2006 Revenues Reach 20 billion Euros

Vivendi’s as published revenues total €20,044 million for the full year 2006 compared to €19,484 million for the full year of 2005, an increase of 2.9%.

On a comparable basis, revenues amount to €20,007 million for the full year 2006 compared to €19,374 million for the full year of 2005, an increase of 3.3% (+3.3% at constant currency).

Vivendi’s as published revenues total €5,545 million for the fourth quarter of 2006 compared to €5,479 million for the fourth quarter of 2005, an increase of 1.2%.

On a comparable basis, revenues amount to €5,545 million for the fourth quarter of 2006 compared to €5,478 million for the fourth quarter of 2005, an increase of 1.2% (+2.6% at constant currency).

Canal+ Group

Full year of 2006:

Canal+ Group’s 2006 revenues amounted to €3,630 million. On a comparable basis, revenues were up €257 million, or +7.7% compared to 2005.

Revenues from pay-TV operations in France were up €244 million, or +9% compared with 2005, mainly due to increased subscriptions of the Group’s attractive offers in a very competitive market, as well as increased revenue per subscriber.

The Group’s total portfolio as of December 31, 2006, included over 8,6 million subscriptions (individual and collective, in France and overseas) for its pay-TV offers. Net additions over the year equalled 350,000 subscriptions, with 1.155 million gross additions.

Total subscriptions to Canal+ at the end of the year reached 5,14 million, which represents a net increase of 76,000 compared with year-end 2005. The proportion of Canal+ Le Bouquet subscriptions reached 61% of complete Canal+ portfolio, up from 52% a year ago. Canal+ recruitments grew year on year, reaching 646,000 in total, even though subscriptions sales in 2005 were the best since 1987. The Canal+ churn rate stands at 11.95%, still among the lowest in Europe.

CanalSat total subscriptions were 3.46 million by year-end, which represents a net increase of 272,000 compared with 2005. CanalSat gross additions hit 510,000 subscriptions, up 6% compared with 2005. Churn rate was 10.6%.

Revenues from Canal+ Group’s other operations grew +2% compared to 2005. StudioCanal posted lower revenues (mainly due to decreased income from the Working Title deal) despite good performances in France, where the company ranked third best movie distributor thanks to the release of Indigène and Prête-moi ta main. This overall decrease was offset by higher advertising revenues from i>TELE and subscription portfolio growth in Poland.

Since January 4, 2007, Canal+ Group’s pay-TV operations include TPS, whose portfolio ended the year with 1.44 million subscriptions.

The total subscriptions of Canal+ Group as of today stand at more than 10 million.

Fourth quarter:

Canal+ Group’s revenues amount to €918 million. On a comparable basis, revenues were up €43 million, or +4.9% compared with the fourth quarter of 2005.

Revenues from pay-TV operations in France were up +6% compared with 2005. This increase is mainly due to the growth of Canal+ and CanalSat subscription bases. In December, Canal+ achieved its best month ever in terms of subscription sales.

Revenues from Canal+ Group’s other operations are stable compared to the fourth quarter of 2005.