VIVENDI UNIVERSAL

VIVENDI UNIVERSAL

March 11, 2005 09:26 ET

Vivendi Universal Announces Launch of a EUR 2 Billion Syndicated Facility Set to Refinance Existing EUR 2.5 Billion


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: VIVENDI UNIVERSAL

NYSE SYMBOL: V

MARCH 11, 2005 - 09:26 ET

Vivendi Universal Announces Launch of a EUR 2 Billion
Syndicated Facility Set to Refinance Existing EUR 2.5
Billion

PARIS--(CCNMatthews - Mar 11, 2005) -

Vivendi Universal (Paris Bourse: EX FP; NYSE: V) announced today, the
launch of a EUR 2 billion syndicated facility. Following the disclosure
of its 2004 annual results, Vivendi Universal has taken advantage of
current favorable trends on the Euroloan market to refinance its
existing EUR 2.7 billion syndicated loan put in place in February 2004,
later reduced to EUR 2.5 billion in July of that same year.

With an initial tenure of 5 years, the syndication can be extended for a
further two years before the second anniversary at the latest.

Margin reductions in the market combined with Vivendi Universal's
improving financials and rating upgrade result in more favorable pricing
conditions. At current rating levels, Vivendi Universal will pay a
margin of 28 bp, compared to 57 bp on the EUR 2.5 billion facility
awarded previously. Furthermore, covenants have been revised to take
into account the company's return to investment grade status.

Vivendi Universal has mandated BNP Paribas, Citigroup Global Markets
Limited, SG Corporate and Investment Banking and The Royal Bank of
Scotland plc to arrange this new facility, in their role of Mandated
Lead Arrangers and Bookrunners.

Vivendi Universal is a leader in media and telecommunications with
activities in television and film (Canal+ Group), music (Universal Music
Group), interactive games (VU Games) and fixed and mobile
telecommunications (SFR Cegetel Group and Maroc Telecom).

Important Disclaimer:

This press release contains "forward-looking statements" as that term is
defined in the Private Securities Litigation Reform Act of 1995. Such
forward-looking 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 risk that Vivendi
Universal will not pay the expected margin rate as set forth above, as
well as the risks described in the documents Vivendi Universal has filed
with the U.S. Securities and Exchange Commission and the French Autorite
des Marches Financiers. Investors and security holders may obtain a free
copy of documents filed by Vivendi Universal with the U.S. Securities
and Exchange Commission at www.sec.gov or directly from Vivendi
Universal. Vivendi Universal does not undertake, nor does it have any
obligation, to provide, update, or revise any forward-looking statements.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Vivendi Universal
    Media
    Paris
    Antoine Lefort, +33 (0) 1 71 71 11 80
    or
    Agnes Vetillart, +33 (0) 1 71 71 30 82
    or
    Alain Delrieu, +33 (0) 1 71 71 10 86
    or
    New York
    Flavie Lemarchand-Wood, 212-572-1118
    or
    Investor Relations
    Paris
    Daniel Scolan, +33 (0) 1 71 71 32 91
    or
    Laurence Daniel, +33 (0) 1 71 71 12 33
    or
    New York
    Eileen McLaughlin, 212-572-8961