20.11.03

20.11.2003: Meldung: Veolia Environnement S.A.: Sale of Everpure

United States Filter Corporation ("USFilter"), a unit of Veolia Environnement, announced today it has entered into an agreement to sell its Everpure business to Pentair, Inc., for total consideration of $215 million in cash. The transaction, which is expected to be completed by year-end, is subject only to applicable regulatory approvals and other typical closing conditions.

Everpure is a leading global provider of water filtration products and services for the commercial and consumer markets. The Company"s products include a wide array of filtration systems and cartridges for various applications, principally in the US foodservice industry. Everpure expects net sales in 2003 to exceed $60 million.

The sale represents a major step toward implementation of the strategic refocusing of Veolia Environnement"s North American water operations announced on September 24th, 2003. The first of several planned disposals in the context of this strategic initiative, the sale of Everpure is consistent with Veolia Environnement"s intention to concentrate its efforts on developing its expertise in municipal outsourcing services and long-term contracts for both municipal and industrial customers.

Veolia Environnement and USFilter are being advised by Lazard and BNP Paribas on the transaction. Sutherland, Asbill & Brennan is representing USFilter in the sale.
Veolia Environnement is the largest environmental services company in the world. Visit the company"s web sites at www.usfilter.com or www.veoliaenvironnement-finance.com.

Pentair, Inc. (www.pentair.com) is a Minnesota-based manufacturer whose core businesses compete in water technologies, enclosures and tools markets. The Company employs 12,500 people in more than 50 locations worldwide.

Contact for analysts and institutional investors: Nathalie Pinon +33 1 71 75 01 67
US Investor contact: Brian Sullivan +(1) 941 362 2435
All our press releases can be found on our Web site:http://veoliaenvironnement-finance.com
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