PARIS, May 19, 2007/ --- Wednesday, LVMH announced that its wines and spirits division Moet Hennessy has acquired 55% equity investments in Wen Ju Distillery, one of China’s premium white spirit companies.

From the same announcement, it was also revelaed that Jiannanchun, the current owner of Wen Jun Distillery, will hold the remaining 45%, and will contribute actively to the success of the venture.

With the acquisition of Wen Ju Distillery, LVMH extends its premium wine and spirit brands business in China. Moët Hennessy will apply its expertise in creating leading luxury brands to its partnership with Jiannanchun and plans to invest in the historic Wen Jun brand as well as in the production facilities.

The announcement about the Wen Ju Distillery acquisition comes at the heels of the Annual Shareholders’ Meeting of LVMH that held on May 10, 2007, approving the payment of a net dividend for financial year 2006 of 1.40 Euro per share, representing an increase of 22 % compared to last year.

Taking into account the 0.30 Euro paid on December 1, 2006, the balance of 1.10 Euro will be paid on May 15, 2007.