20.2.2004: Meldung: Veolia Environnement: Connex Signs €300 Million contract

Connex wins tender to operate whole of Melbourne"s commuter rail network

Connex, the Transport Division of Veolia Environnement, has strengthened its growth strategy in Australia through signing a contract worth an annual €300 million, more than twice the value of the actual contract.
In Melbourne, the government of the State of Victoria awarded Connex Group Australia the contract to operate the whole of Melbourne"s commuter rail network. The size of the existing network operated by Connex will therefore increase from 129 kilometres to
372 kilometres and will carry 131 million passengers a year - more than three times the current number.
From 18 April 2004, Connex will operate 316 units of rolling stock and will employ over
2,600 people. The contract will last at least five years and generate total turnover of €1.5 billion.
In addition to the Melbourne commuter trains Connex Group Australia operates the Sydney monorail and light rail system. Connex is also chosen as preferred bidder to operate Auckland"s commuter trains in New Zealand.
Stéphane Richard, Chief Executive of Connex, said he was very satisfied with the outcome of the Melbourne tender, adding that it "demonstrates Connex"s know-how in operating public rail services in major cities around the world and strengthens our presence on this continent."
Connex is Europe"s leading private operator in surface passenger transportation. The company has a presence in 22 countries, has 55,200 employees and generated revenue of €3.4 billion in 2002. Connex operates 24,200 road and rail vehicles and carries 1.4 billion passengers per year.
Present also on the whole territory, Collex- Onyx, waste management division of Veolia Environment, gained recently the contract of collection and waste recycling of the town of Sydney (120 000 inhabitants) and will bring soon into service sanitary landfills close to Brisbane, Adelaide and Woodlawn.
In addition, the water division of Veolia Environnement has been present in Australia for 10 years and serves today nearly 2 million inhabitants. Veolia Water manages in particular the service of drinking water in the southern part of Sydney, the distribution of water and the cleansing of Adelaide and, last year, it brought into service at Coliban (area of Bendigo) the largest factory in the world of water treatment by filtration on immersed membranes.

Important Disclaimer.
Veolia Environnement is a corporation listed on the NYSE and Euronext Paris. This press release contains "forward-looking statements" within the meaning of the provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management"s current expectations or beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These factors and uncertainties include in particular risks related to customary provisions of divesture transactions as well as those described in the documents Veolia Environnement has filed with the U.S. Securities and Exchange Commission. Veolia Environnement does not undertake, nor does it have, any obligation to provide updates or to revise any forward-looking statements. Investors and security holders may obtain a free copy of documents filed by Veolia Environnement with the U.S. Securities and Exchange Commission from Veolia Environnement.

Analyst and institutional investor contact: Nathalie Pinon +33 1 71 75 01 67

US Investor contact: Brian Sullivan +(1) 941 362 24 35

Press release also available on our web site :http://veoliaenvironnement-finance.com
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