VIVENDI UNIVERSAL

VIVENDI UNIVERSAL

March 01, 2005 09:11 ET

Vivendi Universal Press Release


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: VIVENDI UNIVERSAL

NYSE SYMBOL: V

MARCH 1, 2005 - 09:11 ET

Vivendi Universal Press Release

PARIS--(CCNMatthews - Mar 1, 2005) -

Vivendi Universal (Paris Bourse: EX FP; NYSE: V)

-- Faced with repeated breaches of the law and attempts to deprive it
of its interests in Poland, Vivendi Universal is commencing proceedings

-- Vivendi Universal agrees with the appeal of the Warsaw Public
Prosecutor that has injunctive effect

Vivendi Universal (Paris Bourse: EX FP; NYSE: V) has filed a complaint
in accordance with the procedure provided for in the bilateral agreement
between France and Poland for the protection of investments, first, with
respect to a series of acts which constitute a fraudulent abuse of
process, against which no steps have been taken by the Polish justice
system, and secondly, with respect to miscarriages of justice.

These acts have been committed in particular by representatives of the
company Elektrim and the Deutsche Telekom group, and are aimed at
depriving Vivendi Universal of its interests in PTC - the premier mobile
phone operator in Poland.

These are frauds perpetrated in breach of the law:

-- the unlawful appointment by Elektrim and Deutsche Telekom jointly of
a purported Supervisory Board and Board of Directors of PTC on the basis
of false documents;

-- the amendment of the register of shareholders in breach of a court
injunction prohibiting any change in the share ownership of PTC.

These frauds have been committed by way of irregular court proceedings
which have failed to observe fundamental rights of defence and are
contrary to international conventions:

-- the selective and biased recognition of an international arbitration
so as to subvert its meaning for the exclusive benefit of one of the
parties, to the detriment of Vivendi Universal, in breach of
international law (New York Convention; Agreement between the Government
of the Republic of France and the Government of the Republic of Poland
to encourage the reciprocal protection of investments, signed at Paris
on 14 February 1989);

-- the failure by a Warsaw court to observe fundamental rights of
defence and of appeal.

These acts of Elektrim and Deutsche Telekom are in breach of the law and
constitute an attempt to deprive Vivendi Universal of its interests.

For its part, Vivendi Universal supports the appeals and the criminal
complaints filed by Elektrim Telekomunikacja and PTC, and has made
contact with the Polish Government to demand compliance with the law.

Vivendi Universal agrees with the decision of the Warsaw Public
Prosecutor to appeal against the partial enforcement of the Vienna
arbitration award applied for by Deutsche Telekom and Elektrim. This
appeal has injunctive effect.

The subverted arbitration award cannot therefore have legal effect in
Poland and Elektrim cannot rely on it in order to claim ownership of the
PTC shares owned by Elektrim Telekomunikacja.

Vivendi Universal is a major investor in Poland and since 1999, has
supported the development of PTC, the leading national mobile telephony
company. Vivendi Universal fully supports PTC and its employees in its
attempts to secure the future development of the company.

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 document 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 and business strategy as a result of a number of risks and
uncertainties, many of which are outside our control, including but not
limited to the risks that Vivendi Universal will not be able to obtain
the necessary approvals for the contemplated transaction, as well as the
risks described in the documents Vivendi Universal has filed with the
U.S. Securities and Exchange Commission and with 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 to provide, nor has any
obligation to provide, update or revise forward-looking statements.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    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, +(1) 212.572.8961