CORRECTION: UBISOFT ENTERTAINMENT : Successful placement of Ubisoft shares supported by very significant investor demand

SUCCESSFUL PLACEMENT OF UBISOFT SHARES SUPPORTED BY VERY SIGNIFICANT INVESTOR DEMAND

ERRATUM: CHANGE IN THE NUMBER OF SHARES SOLD TO QUALIFIED INVESTORS

Paris - March 21, 2018 - Ubisoft is pleased to report today the sale of Vivendi's entire 27,3% stake in Ubisoft, part of which was executed by way of an accelerated bookbuilding to qualified investors (the "Placement"), as announced on March 20th, 2018.

Owing to very significant investor demand, a testimony to Ubisoft's future value creation potential, the Placement was increased by 1,500,000 shares, to reach a total of 13, 376, 620 shares sold to qualified investors.

All shares were sold at a price of 66 euros per share.

As a consequence, and as announced by Ubisoft, the share buyback conducted by the company will be reduced by 1,500,000 shares, to 7,590,909 shares bought back, representing approximately 6.8% of Ubisoft's share capital.

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About Ubisoft
Ubisoft is a leading creator, publisher and distributor of interactive entertainment and services, with a rich portfolio of world-renowned brands, including Assassin's Creed, Just Dance, Watch_Dogs, Tom Clancy's video game series, Rayman and Far Cry. The teams throughout Ubisoft's worldwide network of studios and business offices are committed to delivering original and memorable gaming experiences across all popular platforms, including consoles, mobile phones, tablets and PCs. For the 2016-17 fiscal year Ubisoft generated sales of €1,460 million. To learn more, please visit: www.ubisoftgroup.com

Disclaimer

This press release is for information purposes only and does not constitute an offer to sell or a solicitation to buy any securities, and the sale of Ubisoft shares by Vivendi does not constitute a public offering in any jurisdiction, including in France.

This press release is for distribution in the United Kingdom only to (i) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth companies and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons").

The offer and sale of the securities referred to in this press release has not been, nor will be, registered under the United States Securities Act of 1933 (the "Securities Act") and the securities may not be offered or sold in the United States absent such registration or an applicable exemption from the registration requirements of the Securities Act. There will be no public offering of the securities in the United States in connection with this transaction.

Release, publication or distribution of this press release is prohibited in any country where it would violate applicable laws or regulations. This press release may not be published, forwarded or distributed, directly or indirectly, in the United States, Canada, Australia or Japan.