KEY FIGURES AT 30 SEPTEMBER 2024

Sustained revenue growth of +5.1%⁽¹⁾ to €32,543m at September 30, with a strong growth in Q3 of +6.7%⁽¹⁾

• Boosters⁽²⁾ activities up +6.9%⁽¹⁾ while strongholds⁽³⁾ activities are up +4.4%(1)
• Strong growth in Water (+6.5%⁽⁴⁾) and Waste (+6.4%⁽⁴⁾). Revenue increase in Energy (+0.8%⁽¹⁾) with sustained high levels of profitability
• After taking into account the effect of lower energy prices, total Group revenues are up +1.7%⁽⁴⁾, after +0.4%⁽⁴⁾ during the first half

Solid operational performance with EBITDA growth to €4,936m, up +5.6%⁽⁴⁾, within the guidance range of +5% to +6%⁽⁴⁾:

• €296m in efficiency gains, for an annual target of €350m
• €96m in synergies, i.s. accumulated amount of €411m ahead of annual target of €400m, which is now raised to €430m

Current EBIT up +6.4%⁽⁴⁾, to €2,601m

Dynamic capital allocation policy contributing to value creation:

• Net capex of €2,609m during the first nine months
• ~€1bn of non-strategic asset divestments closed since beginning of the year, including notably the disposals of SADE, as well as Lydec and sulfuric acid regeneration activities in North America (RGS) during the third quarter
• ~€700m of targeted acquisitions signed in priority activities

Net financial debt⁽⁵⁾ well under control at €18,892m, with a leverage ratio expected below 3x at end 2024

Objectives for 2024 and GreenUp 2024-27 fully confirmed

_{(1) At constant scope and forex excluding energy prices (2) Boosters activities: Water Technologies, Bioenergy, Flexibility and Energy Efficiency, Hazardous Waste Treatment (3) Strongholds activities: Municipal Water, District Heating and Cooling Networks, Solid Waste (4) At constant scope and forex (5) Excluding Suez PPA}

⁷ _{Excluding energy prices.} ⁸ _{At constant exchange rates.}

ABOUT VEOLIA

Veolia group aims to become the benchmark company for ecological transformation. Present on five continents with nearly 213,000 employees, the Group designs and deploys useful, practical solutions for the management of water, waste and energy that are contributing to a radical turnaround of the current situation. Through its three complementary activities, Veolia helps to develop access to resources, to preserve available resources and to renew them. In 2023, the Veolia group provided 113 million inhabitants with drinking water and 103 million with sanitation, produced 42 million megawatt hours of energy and recovered 63 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 45.3 billion euros in 2023.

IMPORTANT DISCLAIMER

Veolia Environnement is a corporation listed on the 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. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to: the risk of suffering reduced profits or losses as a result of intense competition, the risk that changes in energy prices and taxes may reduce Veolia Environnement’s profits, the risk that governmental authorities could terminate or modify some of Veolia Environnement’s contracts, the risk that acquisitions may not provide the benefits that Veolia Environnement hopes to achieve, the risks related to customary provisions of divestiture transactions, the risk that Veolia Environnement’s compliance with environmental laws may become more costly in the future, the risk that currency exchange rate fluctuations may negatively affect Veolia Environnement’s financial results and the price of its shares, the risk that Veolia Environnement may incur environmental liability in connection with its past, present and future operations, as well as the other risks described in the documents Veolia Environnement has filed with the Autorité des Marchés Financiers (French securities regulator). 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 from Veolia Environnement a free copy of documents it filed (www.veolia.com) with the Autorités des marchés financiers.

This document contains "non‐GAAP financial measures". These "non‐GAAP financial measures" might be defined differently from similar financial measures made public by other groups and should not replace GAAP financial measures prepared pursuant to IFRS standards.