June 22, 2021

VIVENDI SE

COMBINED ANNUAL GENERAL MEETING OF JUNE 22, 2021

RESPONSES TO WRITTEN QUESTIONS SUBMITTED BY SHAREHOLDERS TO THE

MANAGEMENT BOARD

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QUESTIONS SUBMITTED BY REPRESENTATIVES OF THE FRENCH SOCIAL INVESTMENT

FORUM (FORUM POUR L'INVESTISSEMENT RESPONSABLE (FIR))

  1. ENVIRONMENT

1. To be in line with the Paris Agreement, what are the amounts of CAPEX by 2025? How will these CAPEX be spread across the entire value chain between CAPEX maintenance and CAPEX growth? What is the geographical distribution?

Management Board's response: The CAPEX amounts invested as part of the group's low-carbon trajectory (which will be formally submitted to Science-BasedTargets in the last quarter of this year) are determined, taking into account criteria that include the nature of the primary greenhouse gas emissions and their geographic location. These amounts are also adjusted to align with the ambitions of our new environmental program, creation for the planet.

2. How do you limit the impact of biodiversity loss on your future income? Please specify the indicators and means put in place?

Management Board's response: In 2020, Vivendi assessed the risks and opportunities related to climate change that could impact the group. The assessment revealed that the group's activities present few significant industrial and environmental risks that could impact biodiversity. The nature of the group's activities is mainly tertiary, and a substantial proportion of its assets are intangible.

For Editis, however, printing paper can impact deforestation. This is why Editis is fully committed to forest protection, guaranteeing responsible sourcing and full traceability of its manufacturing process through FSC® certification (Editis is the only publishing company in France to be an FSC member). 100% of the books printed by Editis are FSC® certified (excluding boxes and special orders), and 58% of its production is carried out in France (33% in Europe, 9% in Asia). The group is also closely monitoring the work of the Task Force on Climate-related Financial Disclosures (TCFD) and will draw on it if necessary to develop its reporting framework by integrating certain biodiversity-related elements if they prove to be relevant.

3. How do you anticipate the scarcity of certain natural resources and the difficulties of supplying your strategic resources? How does this affect your business models and how do you secure your supply chains?

Management Board's response: Vivendi is committed to respecting the environment and managing resources, paying particular attention to the increasing scarcity of natural resources and optimizing their use. Within this framework, a study was carried out in 2020 on the main risks related to climate change (the results of which were communicated in the group's 2020 Annual Report - Universal Registration Document) identified a risk involving a severe shortage of strategic metals. With the growing complexity of equipment and increased demand for high-tech products, this risk could create significant price sensitivity. However, this risk is considered marginal given the likelihood of its occurrence and the extent of its potential impact.

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This is a free translation into English of the questions received in the French language from FIR and IPAC and of the answers to shareholder questions given by the Management Board issued in the French language and are provided solely for the convenience of English-speaking readers.

  1. SOCIAL

4. Solidarity between economic actors, large and small businesses, seems necessary to limit the negative impacts of the current crisis. How does your group adapt its buying or selling practices at national and international levels to support its suppliers or customers who are affected by the crisis? Do you have differentiated policies for VSEs and SMEs? Has the crisis prompted you to structurally change your policies in this area?

Management Board's response: Since the beginning of the crisis, numerous measures have been put in place to support our suppliers worldwide.

  • Canal+ Group: the group paid its dues to the French National Center for Cinema and Motion Pictures (CNC) without delay and identified vulnerable service providers and producers to avoid suspension of payments. In some cases, advance payments were also made. Moreover, a 95% discount was granted for the broadcasting of BPI messages for the benefit of SMEs;
  • Editis: immediate loans and loan deferments totaling €40 million put in place to support bookstores;
  • UMG: helped its most at-risk partners, such as artists, especially the youngest ones, as well as to independent partners such as record shops, by reducing or eliminating payment deadlines or advancing the payment of certain royalties to artists;
  • Havas: the group has been committed to reviewing all supplier requests that could have a significant impact on their employees, and to respond with sensitivity to these requests;
  • Gameloft et Dailymotion: all suppliers have been paid in strict compliance with due dates; and
  • Vivendi Village: uses local and regional service providers and caterers for all our festivals to promote the small and medium-sized businesses in each region.

The measures implemented throughout 2020 have continued into 2021, and some of those benefiting VSEs and SMEs could be continued after the end of the current health crisis.

5. How are you managing, at the group level, the social impacts associated with the massive development of remote working since the beginning of the pandemic? In particular in terms of psychosocial risk management, cost sharing, surveying employee satisfaction, reversing employee choice, share of employees working remotely, etc.

Management Board's response: To support employees through this crisis period, close, regular communication was implemented at the level of both the group and its business lines to keep them informed of the health situation, promote new measures and support the widespread implementation of working remotely while enabling employees to stay in contact with one another and with the company. The arrangements put in place made it possible to share best practices and implement preventive measures in line with the various stages of the crisis, especially when lockdowns were imposed and when employees gradually returned to the workplace. These measures were related to employee information (e.g., public health risks, measures implemented and actions to be taken); prevention of psychosocial risks (e.g., isolation, stress, exhaustion, disengagement, and Internet addiction), counseling unit and internal surveys; prevention of musculoskeletal disorders (posture while working, exercises to stretch and strengthen muscles); implementation of specific public health measures,

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This is a free translation into English of the questions received in the French language from FIR and IPAC and of the answers to shareholder questions given by the Management Board issued in the French language and are provided solely for the convenience of English-speaking readers.

reorganization of workspaces and circulation plans, limited access to sites, conference rooms and gathering spaces.

The Covid-19 health crisis has accelerated the evolution towards a flexible work environment and the practice of remote work. Thus, where possible and on a voluntary basis, these new modes of work organization have been developed. The Covid-19 public health crisis sped up this transition to a flexible working environment and remote working. These practices have been implemented whenever possible and on a voluntary basis.

It should be noted that a number of agreements on remote working were already in place within the group, which were not related to the pandemic. However, the arrangements put in place under these agreements have been expanded in terms of the time allocated to remote working, the provision of the necessary equipment and the potential reimbursement of work-related expenses.

6. Do you have a definition of "living wage" that goes beyond the local legal minimum wage? If so, what is it? How does your company ensure that its employees, as well as the employees of its suppliers, receive a living wage?

Management Board's response: Our businesses require highly qualified people in the 80 countries in which we operate. In this sense, the notion of a living wage is not relevant to our activities.

In addition, Vivendi ensures that the group's employees in France and abroad benefit from health care coverage and insurance coverage in the event of illness or death, which is rarely the case in many countries.

Through its Sustainable Purchasing Policy, Vivendi intends to share the group's CSR commitments with its suppliers and subcontractors and ensure that they adhere to the principles defined by Vivendi. Therefore, in the context of its social and human rights commitments, Vivendi asks its suppliers to commit to ensuring that the wages paid to their workers are adequate to provide a decent standard of living and to meet basic needs, with due regard given to the general level of wages, the cost of living and social security benefits and that they are paid regularly and within a reasonable period of time.

7. As part of the formula of incentive agreements enjoyed by your employees in France, do you take into account environmental and social criteria? If so: What are these criteria? Have they evolved since April 1, 2020? What is the proportion of these criteria in the incentive formula? Has it changed in the last year? What is the share of the employees involved?

Management Board's response: We intend to align the interests of all employees with this issue within the framework of profit-sharing agreements, which are renegotiated every three years.

Accordingly, as part of the renewal of its profit-sharing agreement, Vivendi SE has proposed introducing ESG criteria that could represent up to 10% of the amount allocated.

Several of the group's entities are already planning to adopt this approach.

8. Regarding employee savings, which funds actually have a responsible label (CIES, Finansol, Greenfin, SRI)? For each fund offered, what is the name of the label(s)? what is its percentage

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This is a free translation into English of the questions received in the French language from FIR and IPAC and of the answers to shareholder questions given by the Management Board issued in the French language and are provided solely for the convenience of English-speaking readers.

share of outstanding employee savings? and to what proportion of employees is it offered? In addition, what proportion of the group's employees in France and abroad have access to other forms of professional savings, particularly for retirement? What proportion of the assets corresponding to these savings is managed in a socially responsible manner and has "quality signs"? Which ones?

Management Board's response: The proportion of funds with a responsible label ranges from 20% to 40% depending on the entity, with an average of 25% at group level.

In France, the percentage of employees who have access to this type of fund is close to 100% via employee savings plans and 70% via retirement savings plans. The percentage of assets invested in such funds represents up to 22% of assets within these plans, depending on the plan.

This year, in the absence of a share ownership plan reserved for employees, the matching contribution was paid into the CIES and Finansol-labeled fund within Vivendi's Group Savings Plan.

  1. GOVERNANCE

9. Do you apply the GRI 207 standard for your public tax reporting? If so: does this reporting cover all the elements indicated in this standard and if not, which elements have you chosen not to publish and why? If you do not use this standard: what are the reasons for this, and do you plan to apply it in the near future (1 to 2 years)? What other measures do you have or plan to implement to meet the growing demand for tax transparency from your stakeholders?

Management Board's response: Vivendi applies the GRI 207 standard for its public tax reporting.

The reporting covers all the elements set out in the GRI 207 standard. According to the relevant legal provisions, only the country by country reporting (CBCR) item is made by the Bolloré Group, which is responsible for the CBCR reporting for its entire group and, consequently, for Vivendi. Article 223 quinquies C I. of the French Tax Code provides that "1. a declaration containing a country-by-country breakdown of the group's profits and economic, accounting and tax aggregates, as well as information on the location and activity of the entities making up the group, the content of which shall be determined by decree, shall be filed in paperless form, within twelve months of the end of the fiscal year, by legal entities established in France that meet the following criteria: (...) d) They are not owned by one or more legal entities located in France and required to file this declaration, or established outside of France and required to file a similar declaration pursuant to foreign regulations."

As Vivendi is owned by a legal entity located in France and is fully consolidated by the Bolloré Group, the latter is required to file the CBCR declaration for its entire group, including Vivendi.

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This is a free translation into English of the questions received in the French language from FIR and IPAC and of the answers to shareholder questions given by the Management Board issued in the French language and are provided solely for the convenience of English-speaking readers.

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Vivendi SA published this content on 22 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 June 2021 07:02:02 UTC.