Closure of TPS/Canal+ deal

TF1, M6 and Vivendi signed on the 4th of January, 2007, the final agreement aimed at bringing together the pay-TV businesses of Group Canal+ and TPS in France, in Canal+ France, new group controlled by Vivendi.

Through this transaction, TF1 brings its 66% stake in TPS to Canal+ France and owns now 9.9% of the capital of this new group.

The result of discontinued operations in TF1 2006 FY consolidated accounts will amount to around € 250 M.