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The U.S. Securities and Exchange Commission encourages companies to disclose forward-looking information so that investors can better understand a company's future prospects and make informed investment decisions. This website contains "forward-looking statements" as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "estimate," "expects," "projects," "intends," "plans," "believes," "will" and words and terms of similar substance typically indicate forward-looking statements. All forward-looking statements are management's present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements.

You are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date they were made. Vivendi is not under any obligation, and expressly disclaims any obligation, to update or alter any forward-looking statements, whether as a result of new information, future events or otherwise. All subsequent forward-looking statements attributable to Vivendi, its affiliates or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements referred to in this section.

Vivendi operates in highly competitive, consumer driven industries and is dependent on government regulation and economic, political and social conditions in the countries in which it operates, customer demand for its products and services, technological developments, third-party relationships with advertising, marketing, technology and content providers, and protection of its intellectual property rights. Vivendi's actual results could differ materially from management's expectations because of changes in such factors. Some of the other factors that also could cause actual results to differ from those described in, or otherwise projected or implied by, the forward-looking statements include those identified under the heading "Risk Factors" in documents Vivendi has filed with the Securities and Exchange Commission (some of which you can access this website).

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