Vivendi Environnement and AXA Private Equity negotiate an LBO of Bonna Sabla Paris, Tuesday May 14, 2002

Vivendi Environnement and AXA Private Equity have started exclusive negotiations for the acquisition by AXA Private Equity of Vivendi Environnement’s Bonna Sabla, a subsidiary of Vivendi Water.

The deal is part of Vivendi Environnement’s previously-announced programme of divestment of its non-core assets.

Bonna Sabla is France’s leading manufacturer of concrete products. It operates principally in public sector projects (water supply, wastewater treatment, civil engineering, urban environment, railway sleepers) and has around 30% of the market for these products with a dense network of plants across the whole of France. It is also active in the UK, Spain, Tunisia and Egypt. In 2001, Bonna Sabla generated sales of € 405 million, including 25% outside France.

About Vivendi Environnement

Vivendi Environnement (Paris Euronext: VIE and NYSE: VE) is the world leader in environmental services. It operates in five continents providing customised solutions to industry and municipalities in four complementary fields: water, waste, energy and passenger transportation. In 2001, Vivendi Environnement generated sales of € 29.1 billion.

Press Contract for Vivendi Environnement

Anne-France Malrieu
Tel: +33 1 53 70 74 66
afmalrieu@image7.fr

Contact for analysts and institutional investors

Nathalie Pinon
Tel: +33 1 71 75 01 67