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Friday, February 19, 2016<br />
Note 27<br />
Subsequent events<br />
The significant events that occurred between the closing date and February 10, 2016 (the date of the Management Board meeting that<br />
approved Vivendi’s Financial Statements for the year ended December 31, 2015) were as follows:<br />
<br />
<br />
On January 13, 2016, Vivendi unwound the hedge denominated in USD of the Activision Blizzard shares that it held, and sold its<br />
entire interest. The cash proceeds from these transactions amounted to $1,063 million, i.e., €976 million. The unwinding of these<br />
transactions also enabled Vivendi to recover a cash deposit of $0.4 billion (please refer to Note 12);<br />
On February 3, 2016, following the coupon detachment on February 1, 2016, Vivendi distributed a second interim dividend with<br />
respect to fiscal year 2015 for €1,318 million (please refer to Note 15); and<br />
As of February 10, 2016, Vivendi held 64.6 million treasury shares (please refer to Note 15).<br />
Financial Report and Audited Consolidated Financial Statements for the year ended December 31, 2015 Vivendi /105