Continued Double-Digit Organic Revenue Growth for LVMH in the First Quarter of 2008.

PARIS -- LVMH Mo[R]t Hennessy Louis Vuitton, the world's leading luxury group, achieved revenue of 4 billion euros in the first quarter of 2008. Organic* revenue increased by 12% compared to the same period in 2007, which was also a period of strong growth. As a result of the negative impact of exchange rates, reported revenue growth is 5%.

All business groups recorded double-digit organic revenue growth in the period, with the exception of Wines & Spirits. The Group continued to record excellent performances in Asia, the US and Europe.

By business group, the progress was as follows:

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In Wines & Spirits, excluding the exchange rate impact, price increases applied since the beginning of the year offset the decrease in sales volumes incurred during the quarter due to the adverse timing of price increases compared to 2007. The champagne division made good progress in promising markets such as Russia, Asia and Latin America. Hennessy cognac continued its rapid growth in China, Russia and Vietnam.

Fashion & Leather Goods achieved 14% organic revenue growth in the first quarter of 2008. Louis Vuitton continued to perform exceptionally well over the period, recording double-digit organic revenue growth once more. The brand achieved particularly significant increases in the US, Europe and Asia. The new products, resulting from the collaboration between Marc Jacobs and Richard Prince, generated remarkable enthusiasm from clients. The reopening of the Maison Louis Vuitton in Hong Kong was one of the highlights of the first quarter. The other brands of this business group recorded an excellent first quarter.

In Perfumes & Cosmetics, organic revenue growth reached 13% in the first quarter of 2008. Christian Dior continued to show great momentum reflecting the sustained progress of J'Adore as well as the success of Midnight Poison, the new Addict High Shine lipstick and Capture skincare. Guerlain continued its strong progress throughout the whole range of its products. Europe and Asia were the main drivers of growth. Parfums Givenchy benefited from the rapid development of Ange ou Demon. The other brands achieved solid growth and are pursuing their expansion.

The Watches & Jewelry business group recorded organic revenue growth of 19% in the first quarter of 2008. TAG Heuer performed extremely well thanks to the successful Grand Carrera collection. Zenith launched a new model, Chronomaster Grande Date. The exceptional success of the Christal collection was confirmed at Montres Dior. Chaumet and De Beers increased their revenue and continued their network expansion. Innovations by TAG Heuer, Zenith and Dior unveiled at the Basel fair contributed to large increases in orders.

In Selective Retailing, organic revenue growth reached 15% in the first quarter of 2008. DFS continued to benefit from the development in Asia of Chinese tourism and recorded consistent revenue growth. The increase in Japanese tourist spending supported by a stronger yen compared to the dollar also contributed to this good performance. Sephora recorded strong growth on a comparable store basis in all its markets and significantly increased its market share. Its expansion has continued in the first quarter thanks to new store openings and a strong culture of product innovations, which attracted new clients.

Thanks to the strength and creativity of its brands and its expansion into new markets, LVMH will continue its growth in 2008 despite the challenging monetary environment and an uncertain economic climate at the beginning of this year. Increasing market share and the profitability of its leading brands as well as improving the results of its developing companies remain LVMH top priorities. All of these elements allow us to confirm the objective of tangible growth in the Group's results in 2008.

The regulatory information relating to this announcement is available on the website www.lvmh.fr.

About LVMH

LVMH Mo[R]t Hennessy Louis Vuitton is the world's leading luxury goods group. The Group is represented in Wines and Spirits by a portfolio of brands that includes Mo[R]t & Chandon, Dom Perignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Chateau d'Yquem, Hennessy, Glenmorangie, Ardbeg, Belvedere Vodka, Chopin, 10 Cane, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Green Point, Cape Mentelle, Newton.

Its Fashion and Leather Goods division includes Louis Vuitton, the world's leading luxury brand, as well as Celine, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Donna Karan, Marc Jacobs, Berluti, StefanoBi as well as eLUXURY, the authoritative online source for luxury goods on the Internet. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Parfums Kenzo, Perfumes Loewe as well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua di Parma and Fresh). LVMH is also active in selective retailing through DFS, Sephora in Europe and the United States, Le Bon Marche and la Samaritaine. LVMH's Watches and Jewelry division comprises TAG Heuer, Chaumet, Christian Dior Watches, Zenith, Fred and De Beers Diamond Jewellers Limited, a joint venture created with the world's leading diamond group.

"Certain information included in this release is forward looking and is subject to important risks and uncertainties and factors beyond our control or ability to predict, that could cause actual results to differ materially from those anticipated, projected or implied. It only reflects our views as of the date of this presentation. No undue reliance should therefore be based on any such information, it being also agreed that we undertake no commitment to amend or update it after the date hereof."