People: Veolia Environnement SA (VE)

Mr. Serge Michel has been a Director of Veolia Environnement SA since April 30, 2003 and is also the Chairman of the Company's Nominating and Remuneration Committee. He has spent his entire career in the construction and public works business, having served within Compagnie de Saint-Gobain as Deputy Managing Director and Chairman of SOCEA. He was subsequently Chairman of S.G.E. until 1991, Chairman of CISE until 1997 and Deputy Managing Director of Compagnie Generale des Eaux (which became Vivendi Universal) until 1992. He is currently Chairman of Soficot SAS, a business management and investment consulting company he founded in 1997. Mr. Michel also holds other mandates, including Director of Orsay Finance 1, LCC SA and Infonet Services, and Chairman of SAS CIAM, SAS Carre des Champs Elysees, SAS Societe Gastronomique de l'Etoile and SAS Groupe Epicure, as well as Member of the Supervisory Board of Compagnie des Eaux de Paris and Societe des Eaux de Trouville Deauville et Normandie, among others.