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Court Orders Following Motion Filed by Vivendi Universal Against Jean-Marie Messier.


Business Editors

PARIS--(BUSINESS WIRE)--Aug. 12, 2003

As decided at the Board meeting of July 1, 2003, Vivendi Universal (Paris Bourse Paris Bourse

National stock market of France.
: EX FP; NYSE NYSE

See: New York Stock Exchange
: V) petitioned the Paris Commercial Court on August 11, 2003. The presiding judge presiding judge n. 1) in both state and federal appeals court, the judge who chairs the panel of three or more judges during hearings and supervises the business of the court.  issued two orders authorizing Vivendi Universal to take the following measures:

-- firstly, to attach, in an amount up to 20.5 million euros, all

dues owed by the company to Mr. Jean-Marie Messier Jean-Marie Messier (born December 13, 1956) is a French businessman who was Chairman and Chief Executive of the multinational media conglomerate Vivendi SA (formerly Vivendi Universal) until 2002.  in the form

of severance indemnities non-authorized by the Board of

Directors.

-- secondly, to enter into proceedings against Messrs. Jean-Marie

Messier and Eric Licoys, under a fast-track process of the

Paris Commercial Court, for payment of damages in the same

amount as the severance indemnities and associated costs.

These proceedings are currently under way.

Important Disclaimer:

This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  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 risks described in the documents Vivendi Universal has filed with the U.S. Securities and Exchange Commission and the French Commission des Operations de Bourse bourse (brs), term applied to a European stock exchange. The first international bourse was established in Antwerp in the 16th cent. . 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 has any obligation, to provide, update or revise any forward-looking statements.
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Publication:Business Wire
Date:Aug 12, 2003
Words:262
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