1. Key figures at September 30, 2011 Conference call on November 10, 2011 Pierre-François Riolacci Vice President in charge of finance

5. Key figures for nine months ending September 30, 2011 (1) The financial statements of 2010 have been re-presented, in order to insure the comparability of periods: - for the reclassification into “net income from discontinued operations” of Proxiserve activities in the Water and Energy Services divisions, Norway operation s in the Environmental Services division and the activities in Netherlands in the Water division; - for the reclassification into “net income from discontinued operations” of the Transportation division as a whole (for the accounts in the nine months ending September 30, 2010 of: €4,286.4 million in revenue, €239.4 million in adjusted operating cash flow and €89.1 million in adjusted operating income) - for the reclassification into “continued operations” of the Renewable Energies business within the Energy Services division. (2) +3.7 % at constant scope and exchange rates (3) Variations compared to previously published figures for the nine months ending September 30. 2010 excluding the contribution of Veolia Transport 23/11/11 In €M Sept. 30, 2010 published Sept. 30, 2010 re-presented (1) Sept. 30, 2011  Current exchange rates  Constant exchange rates Revenue 25,467.9 20,684.9 23,963.4 +15.8% + 16% (2) Revenue excluding VTD 21,181.5 - 21,688.3 +2.4% (3) +2.6% (3) Adjusted operating cash flow 2,665.6 2,368.6 2,391.2 +1.0% +1.2% Adjusted operating cash flow margin 10.5% 11.5% 10.0% Adjusted operating cash flow excluding VTD 2,426.2 - 2,266.3 -6.6% (3) -6.3% (3) Adjusted operating income 1,495.6 1,368.7 1,250.9 -8.6% -9.0% Adjusted operating income margin 5.9% 6.6% 5.2% Adjusted operating income excluding VTD 1,406.5 - 1,230.6 -12.5% (3) -12.9% (3) Operating income 1,566.4 1,459.9 568.0 Free Cash Flow (220) (220) +58.0 Net financial debt 15,767 15,767 15,045

6. Breakdown of revenue by division (1) The financial statements of 2010 have been re-presented, in order to ensure the comparability of periods: - for the reclassification into “net income from discontinued operations” of Proxiserve activities in the Water and Energy Services divisions, Norway operation s in the Environmental Services division and the activities in Netherlands in the Water division; - for the reclassification into “net income from discontinued operations” of the Transportation division as a whole (for the accounts in the nine months ending September 30, 2010 of: €4,286.4 million in revenue, €239.4 million in adjusted operating cash flow and €89.1 million in adjusted operating income) - for the reclassification into “continued operations” of the Renewable Energies business within the Energy Services division. (2) Veolia Transdev revenue for the period ending September 30, 2011 is accounted for as a scope effect Nine months 2010 re-presented (1) Nine months 2011 20,685 in €M 23,963 23/11/11  current FX rates  constant FX rates  excl. scope & FX Water +4.5% +4.7% +2.1% Environ. Services +6.1% +6.6% +7.0% Energy Services +3.7% +3.5% +2.1% Transport (2) 100% - - Total Company +15.8% +16.0% +3.7%

13. Net financial debt In €M 11/23/11

15. Appendix 2: Quarterly revenue (1) (a) To ensure the comparability of period, the first nine months 2010 financial statements have been re-presented to include: - the impact of the reclassification into “net income from discontinued operations” of “Proxiserve” activities in the Water and Energy Services division, Norway operations in the Environmental Services division and the activities in Netherlands in the Water division; - the impact of the reclassification into ‘continuing operations’ of the renewable energies activities in the Energy Services division. (b) To ensure the comparability of period, the 2010 financial statements have been re-presented to include the impact of the reclassification into “net income from discontinued operations” of the Transportation Division as a whole. +3.7% 23,963 20,685 +2.3% 7,814 6,713 +5.5% 8,061 6,712 +3.4% 8,088 7,260 Company +16.4% na +2.0% +3.7% +1.2% Δ constant scope & FX 958 1,283 2,434 3,139 2011 - 1,260 2,392 3,061 2010 Re-presented (1) 3 rd quarter +15.8% +20.1% +11.4% Variation at current FX na 2,275 - na 983 - na 334 - Transport +2.1% 5,076 4,894 +0.2% 1,386 1,370 +3.3% 2,407 2,264 Energy Services +7.0% 7,328 6,906 +7.3% 2,533 2,401 +10.2% 2,361 2,113 Environmental Services +2.1% 9,284 8,885 +6.4% 3,159 2,941 -1.5% 2,986 2,883 Water Δ constant scope & FX 2011 2010 Re-presented (1) Δ constant scope & FX 2011 2010 Re-presented (1) Δ constant scope & FX 2011 2010 Re-presented (1) Nine months ending September 30 2 nd quarter 1 st quarter

16. Appendix 3: Evolution of recycled raw materials prices 23/11/11