2003 Dividend increases 6%

At the Annual Shareholders’ Meeting of LVMH Moët Hennessy Louis Vuitton held on May 13, 2004, approval was given for the payment of a net dividend for financial year 2003 of 0.85 Euro per share, representing an increase of 6 % compared to last year. The French tax credit (“avoir fiscal”) amounts to 0.425 Euro. Taking into account the 0.22 Euro paid on December 4, 2003, the balance of 0.63 Euro will be paid on May 19, 2004.