ICSID Rules in Favor of Vivendi in Tucuman (Argentina) Dispute

    PARIS, August 21 /CNW/ - Regulatory News:

    Vivendi (Paris:VIV) :

    Vivendi announces that the international arbitration tribunal- ICSID has
ruled in favor of Vivendi and, Compania de Aguas del Aconquija (CAA, Vivendi's
Argentina subsidiary), in a dispute related to a water concession of the
Argentine Province of Tucuman. The concession started in 1995 and was
completed in 1997.

    In an award released on August, 20, 2007, the International Centre for
Settlement of Investment Disputes (ICSID), determined that acts of provincial
officials violated rights of Vivendi, its subsidiary and the Treaty between
France and Argentina that protects foreign investors in both countries.

    The tribunal awarded Vivendi and CAA $105 million for damages plus
interest and costs.

    Important disclaimer

    This press release contains forward-looking statements with respect to
the financial condition, results of operations, business, strategy and plans
of Vivendi. Although Vivendi believes that such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees of 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 described in
the documents Vivendi filed with the Autorite des Marches Financiers (French
securities regulator) and which are also available in English on our web site
(www.vivendi.com). Investors and security holders may obtain a free copy of
documents filed by Vivendi with the Autorite des Marches Financiers at
www.amf-france.org, or directly from Vivendi. The present forward-looking
statements are made as of the date of the present press release and 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.

For further information:

For further information: Vivendi Media Paris Antoine Lefort, +33 (0) 1
71 71 11 80 Agnes Vetillart, +33 (0) 1 71 71 30 82 Alain Delrieu, +33 (0) 1 71
71 10 86 or New York Flavie Lemarchand-Wood, +(1) 212-572-1118 or Investor
Relations Paris Daniel Scolan, +33 (0) 1 71 71 32 91 Laurence Daniel, +33 (0)
1 71 71 12 33 Agnes de Leersnyder, +33 (0) 1 71 71 30 45 or New York Eileen
McLaughlin, +(1) 212-572-8961

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