2002 Dividend increases by 6.7 %

At the Annual Shareholders’ Meeting of LVMH Moët Hennessy Louis Vuitton held on May 15, 2003, approval was given for the payment of a net dividend for financial year 2002 of 0.80 Euro per share, representing an increase of 6.7 % compared to last year. The French tax credit (“avoir fiscal”) amounts to 0.40 Euro. Taking into account the 0.22 Euro paid on December 3, 2002, the balance of 0.58 Euro will be paid on May 28, 2003.