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Veolia Environnement Announces UST Reference Security Yield And Early Results Of Debt Tender Offer

Veolia Environnement (Paris:VIE) (the “ Company”) today announced the UST Reference Security yield and the early results of its previously announced modified “Dutch Auction” cash tender offer (the “ Offer”) for up to $200,000,000 principal amount (subject to possible increase at the Company’s discretion) of its 6.00% Dollar-Denominated Senior Notes due 2018 (the “ Notes”).

As of 5:00 p.m., New York City time, on December 11, 2012 (the “ Early Participation Date”), the Company received tenders for $153,065,000 aggregate principal amount of the Notes.

As of the Early Participation Date, Notes validly tendered and not validly withdrawn were as follows:

Title of Security

CUSIP Number

Principal Amount Outstanding

Principal Amount tendered as of the Early Participation Date

Percent of Outstanding Principal Amount Tendered (1)
6.00% Senior Notes due 2018 92334N AB9 $700,000,000 $153,065,000 21.9%

(1) Rounded to the nearest one-tenth of one percent.

Holders who validly tendered and did not withdraw their notes on or prior to the Early Participation Date, and whose notes are purchased pursuant to the Offer, will be entitled to receive the total consideration, which includes an early participation amount of $30.00 per $1,000 principal amount of Notes accepted for purchase (the “ Early Participation Amount”). Holders who have not already tendered their notes may continue to do so at any time prior to the expiration date, 11:59 p.m., New York City time on December 26, 2012, but such holders will only be entitled to receive the tender consideration, namely an amount equal to the total consideration less the Early Participation Amount.

The UST Reference Security yield, the yield corresponding to the bid-side price of the 0.75% U.S. Treasury Security due 10/31/2017 displayed on the Bloomberg Reference Page set forth in the table on the cover page of the Offer to Purchase, was 0.626% as of 2:00 p.m., New York City time, on December 11, 2012, the Reference Yield Determination Date.

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