Paris, March 29, 2025


Vivendi signs an agreement with Poste Italiane
for the sale of TIM shares

Vivendi announced today that it signed an agreement with Poste Italiane for the sale of 15.00%
of TIM’s ordinary shares and voting rights at a price of €0.2975 per share for a total consideration of
€684 million. Upon completion of this transaction, which will occur shortly after its notification to the
Italian competition authority, Vivendi will keep a minority interest representing 2.51% of ordinary shares
and voting rights of the Italian telecoms operator, and 1.80% of its share capital.

Vivendi indicated on several occasions its intention to sell its shareholding in TIM in good financial
conditions. It has crossed downwards the 20% threshold of TIM’s ordinary shares and voting rights on
March 18, 2025, resulting from sales of shares on the market. At the close of trading on March 25, 2025,
Vivendi owned 17.51% of the ordinary shares and voting rights of TIM and 12.56% of its share capital.




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This press release contains information that may have characterized, before becoming public, inside information as defined by Article 7(1) of
Regulation (EU) No 596/2014 of April 16, 2014, on market abuse, as amended.

Cautionary Note Regarding Forward-Looking Statements. This press release contains forward-looking statements with respect to Vivendi’s
financial condition, results of operations, business, strategy, plans and outlook, including the impact of certain transactions and the payment
of dividends and distributions, as well as share repurchases. Although Vivendi believes that such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of Vivendi’s 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 related to antitrust and other regulatory approvals as well as any other approvals which may be required in connection
with certain transactions, as well the risks described in the documents of the Group filed by Vivendi with the Autorité des Marchés Financiers
(the French securities regulator), which are also available in English on Vivendi's website (www.vivendi.com). Investors and security holders
may obtain a free copy of documents filed by Vivendi with the Autorité des Marchés Financiers at www.amf-france.org, or directly from
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or an invitation to invest either in France or abroad.

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About Vivendi

Since its creation, Vivendi has established itself as a player in content, media and entertainment, developing a portfolio of both listed and
unlisted assets, each a leader in its market. Vivendi owns 100% of Gameloft, a world-renowned video game publisher that successfully
develops multi-platform games for consoles, PCs, and mobile devices. Vivendi’s asset portfolio includes minority stakes in leading publicly
traded companies: Universal Music Group and Banijay Group in content and entertainment, MediaForEurope, Telecom Italia, Telefónica, and
Prisa in media and telecommunications, and Lagardère in publishing and travel retail. Leveraging its strategic and economic expertise, Vivendi
anticipates global dynamics and participates in the transformations of the sectors in which the group operates, notably the digital revolution
and new consumer uses of content. Vivendi supports value-creating companies, offering sustainable prospects and a positive contribution to
the evolution of our society. Guided by a long-term vision and a constant drive for innovation, the group relies on experienced teams to
identify and support sustainable growth projects. Corporate Social Responsibility (CSR), a commitment made in 2003, is at the heart of
Vivendi’s strategy and shapes each of its decisions. www.vivendi.com.