BeneFit Cosmetics recorded double-digit sales
growth in dollar terms.

"Certain information included in this release is forward looking
and is subject to important risks and uncertainties that could cause
actual results to differ materially.

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As of July 1, 2005, Sterling Distributing
Company will also begin distributing LVMH brands including Moet + Chandon and
Hennessy. The Group is represented in Wines and Spirits by a portfolio of brands
that includes Moet + Chandon, Dom Perignon, Veuve Clicquot Ponsardin, Krug,
Ruinart Chateau d'Yquem, Chandon Estates, Hennessy, Glenmorangie, Belvedere
and Chopin.com.

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LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian
Dior, Guerlain, Parfums Givenchy, Parfums Kenzo, Perfumes Loewe as well as
other promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua
di Parma and Fresh).

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Hindman Auctioneers Presents a Vintage Couture Textiles and Accessories Auction on June 21 2005

com for exhibition dates and location .

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The new collections unveiled at the Basel Watch Fair by TAG Heuer,
Zenith, Chaumet and Dior Watches confirmed the creative potential of
these brands and all enjoyed strong orders. "As we look
ahead , we are confident that they are well positioned to help us realize the
potential of the premium drinks business in Nebraska and we look forward to a
very successful relationship. For more information about Diageo, its people,
brands, and performance, visit us at http://www.diageo.com.

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The Dom Perignon , Krug and Veuve Clicquot
champagne brands performed very well.

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The sales growth momentum since the beginning of the year is
impressive with almost all business groups recording double-digit
organic sales growth. The company is listed on both the New York Stock Exchange (DEO) and the
London Stock Exchange (DGE).

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A return to growth
has been achieved in Japan and the Asian markets are progressing
strongly, driven by growing tourism, notably from China. Chaumet and Fred also had a good
start to the year.

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In addition, the Group
strengthened its range of premium brands and has just launched a new
prestige rum brand, 10 Cane. The start of
the year was marked by the huge success of the new Monogram Cerises
line which should continue throughout 2005. TAG Heuer and Zenith grew at a double-digit rate despite a
strong comparison period last year. LVMH is also active in selective retailing through
DFS, Sephora in Europe and the United States, Le Bon Marche and La
Samaritaine.

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By business group, the evolution was as follows:

In millions of Euros Variation
Q1 2005 Q1 2004 Q1 2005 / Q1 2004
IFRS IFRS Reported Organic*
-------------------- -----------------------------------------------
Wines + Spirits 510 430 + 19% + 13%
-------------------------------------------------------------------
Fashion + Leather Goods 1 135 1 067 + 6% + 10%
---------------------------------------- ---------------------------
Perfumes + Cosmetics 506 475 + 6% + 8%
-------------------------------------------------------------------
Watches + Jewelry 122 112 + 8% + 21%
------------------------------------------------------------ -------
Selective Retailing 823 730 + 13% + 15%
-------------------- -----------------------------------------------
Other Activities + eliminations (13) (6)
-------------------------------------------------------------------
Total 3 082 2 808 + 10% + 11%
------------------------------------------------------------ -------

* with a comparable structure and constant exchange rates.
Additional highlights include property worn by Oprah Winfrey on The Oprah
Winfrey Show, including a Chanel skirt suit estimated at $300-500, and a
Gianfranco Ferre Ensemble estimated at $200-400.

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Moet + Chandon had a good start
to the year in Europe.
Increasing market share and the profitability of our leading brands,
as well as improving the performance of our developing companies and
cash generation, remain LVMH's top priorities. LVMH's Watches and Jewelry division comprises TAG Heuer,
Chaumet, Christian Dior Watches, Zenith, Fred, the prestigious Italian
writing instruments company of OMAS and De Beers LV , a joint venture
created with the world's leading diamond group.
Diageo is a global company , trading in more than 200 countries around the
world. CHICAGO, Leslie Hindman Auctioneers, the Midwest's
leading fine art auctioneers, is pleased to announce a couture and vintage
clothing auction on June 21, 2005 at 5:30pm.
"New York is the fashion capitol of the world, but Chicago has a strong
vibrant market for selling couture and vintage items.

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The Group's brands did particularly well in the US,
Asia and in France.
In Selective Retailing, DFS had a good start to the year in line
with the momentum recorded in 2004 and benefiting from the continuing
recovery in Asian tourism , which has been driven by the weak dollar.
Sephora continued to win market share in Europe and in France in
particular, thanks to the excellent response to the brand's innovative
services. Against this backdrop, LVMH will continue to
pursue growth in 2005 by taking advantage of the strength of its
brands, new product launches and penetration of new markets. and PARIS, Diageo North
America and Moet Hennessy are pleased to announce that Sterling Distributing
Company has been selected as the strategic distributor for the companies'
spirits and wines in the state of Nebraska.
"We chose Sterling Distributing Company based on their long-standing
position in the marketplace and on the quality of their business proposal,"
said Ivan Menezes, President + CEO of Diageo North America .
Founded in 1982, Leslie Hindman Auctioneers grew to be the largest auction
house in the Midwest and the fifth largest in the country within only a few
years.

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Progress in each of
these areas enables the Group to confirm its objective of another
tangible increase in operating income for 2005 .
As of June 13, 2005, they will begin distributing additional Diageo brands
including Smirnoff , Jose Cuervo, Johnnie Walker, Tanqueray, Beaulieu Vineyard
and Sterling Vineyards wines.

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Growth
for the brand continues in the US after an excellent 2004 and it has
also enjoyed a good start to the year in Europe.
Forward-looking statements with regard to the Company's businesses
involve a number of important factors that are subject to change, as
are mentioned under "Risk Factors" in the Company 's Form 20-F for the
year ended December 31, 2002 which is on file with the United States
Securities and Exchange Commission"."
Christophe Navarre, CEO of Moet Hennessy, said: "I am certain that
Sterling Distributing Company will serve our brands very well.
"The market right now is great for couture and vintage designer clothing
-- a market that virtually has been untapped in Chicago ," said Leslie Hindman.

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She consigned
fabulous evening dresses and gowns that she has worn to events over the
years.

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Wines + Spirits delivered organic sales growth of 13% during the
first quarter 2005. Guerlain is maintaining its
renewed momentum thanks to the continued success of l'Instant and of
its make-up products.

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In Perfumes + Cosmetics, Parfums Christian Dior continued to grow
well in the quarter, driven by the success of Pure Poison and its
skincare products. Sales progressed across all regions, with
accelerating momentum in Asia and Europe.
Watches + Jewelry followed its strong progress in 2004 by
recording strong organic sales growth of 21% for the first quarter
2005.

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We are excited to work with these companies not only on the sale
and marketing of their brands but also on our joint commitment to social
responsibility.
Celebrating life, every day, everywhere, responsibly. LVMH is also active in selective retailing through DFS,
Sephora in Europe and the United States, Le Bon Marche and La Samaritaine.
For additional information, please visit http://www. We recently received a
call from a woman who attends many of the events in Chicago .
Highlights from the accessories session include Hermes Birkin and Kelly
bags, Chanel costume jewelry, Kenneth Jay Lane costume jewelry, a collection
of Hermes silk and cashmere scarves, and a French 1950s alligator handbag.

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Among the other fashion brands, Celine, Marc Jacobs, Pucci and
Berluti all enjoyed a good start to the year and Fendi achieved
double-digit sales growth in its stores. LVMH is present in the Perfumes and
Cosmetics sector with Parfums Christian Dior, Guerlain , Parfums
Givenchy, Parfums Kenzo, Perfumes Loewe as well as other promising
cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua di
Parma and Fresh). The Company's businesses include
its wines and spirits, fashion and leather goods, fragrances and
cosmetics, watches and jewelry , and selective retailing activities,
and its outlook is predominantly based on its interpretation of what
it considers to be the key economic factors affecting these
businesses. Sterling Distributing Company Selected for Spirits and Wines

NORWALK, Conn."
Greg Alevizos , CEO of Sterling Distributing Company said, "We are pleased
to have signed this agreement and are confident that Diageo and Moet
Hennessey's premium array of brands will add significant value to our
business.

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Sales over Chinese New Year also increased.
Within an unfavourable monetary environment , the tourism sector
has witnessed a sustained recovery and both the US and Asian economies
are in full expansion. The Group is represented in Wines and Spirits by a
portfolio of brands that includes Moet + Chandon, Dom Perignon, Veuve
Clicquot Ponsardin, Krug, Ruinart, Chateau d'Yquem, Chandon Estates ,
Hennessy, Glenmorangie, Belvedere and Chopin.
Its Fashion and Leather Goods division includes Louis Vuitton, the world's
leading luxury brand, as well as Celine, Loewe, Kenzo, Givenchy, Thomas Pink,
Fendi, Emilio Pucci, Donna Karan, Marc Jacobs, Berluti, StefanoBi as well as
eLUXURY, the authoritative online source for luxury goods on the Internet.
Visit http://www.

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For the first time LVMH is releasing quarterly sales under IFRS
with comparisons against the first quarter of 2004 . Hennessy enjoyed an impressive start as well,
with strong sales growth in the US and Asia. These brands include Johnnie Walker, Guinness, Smirnoff,
J+B, Baileys, Cuervo, Tanqueray, Captain Morgan , Crown Royal, Beaulieu
Vineyard and Sterling Vineyards wines.

About LVMH
LVMH Moet Hennessy Louis Vuitton is the world's leading luxury goods
group. Leslie Hindman returned to the auction business in 2003 and
has held more than a dozen auctions specializing in furniture and decorative
arts, jewelry, and Old Master, 19th and 20th century paintings, prints and
drawings.

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In Fashion + Leather Goods, Louis Vuitton continued to achieve
double-digit organic sales growth in the first quarter 2005. In the US, Sephora continued to record double-digit sales
growth on a comparable store basis for the first quarter 2005.

Diageo and Moet Hennessy Sign Strategic Distributor in Nebraska

To date, Diageo has selected
strategic distributors in 39 states and the District of Columbia, representing
more than 80% of the company's business.

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Consolidated sales were 3,082 million Euros for the first quarter
2005.
Its Fashion and Leather Goods division includes Louis Vuitton, the
world's leading luxury brand, as well as Celine, Loewe, Kenzo,
Givenchy, Thomas Pink, Fendi, Emilio Pucci, Donna Karan, Marc Jacobs,
Berluti, StefanoBi as well as eLUXURY, the authoritative online source
for luxury goods on the Internet.
LVMH's Watches and Jewelry division comprises TAG Heuer , Chaumet, Christian
Dior Watches, Zenith, Fred, the prestigious Italian writing instruments
company of Omas and De Beers LV, a joint venture created with the world's
leading diamond group.lvmh."
Other highlights include a 1960s tan wool knit A-line Norell wool coat,
estimated to bring $400 -600; a 1965 wool black and white plaid cape, by Betsey
Johnson for Paraphernalia, estimated to bring $100-200; two Vivienne Westwood
corset bustiers, estimated at $300-600; and a pair of Hermes 1970 's burgundy
suede fold-over boots estimated at $500-700.

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Notably, China confirmed
its growing potential as an important market for our brands.
Following its acquisition at the start of the year, Glenmorangie
contributed to the group's sales growth.

About LVMH

LVMH Moet Hennessy Louis Vuitton is the world's leading luxury
goods group.
Sterling Distributing Company will continue to distribute brands such as
Baileys, Crown Royal, Captain Morgan and the wines of the Chalone Wine Group. Based on our
business needs in Nebraska, they were the best choice as the strategic
distributors for our brands."

About Diageo
Diageo (Dee-AH-Gee-O) is the world's leading premium drinks business with
an outstanding collection of beverage alcohol brands across spirits, wines,
and beer categories.lesliehindman.

Leslie Hindman Auctioneers is the Midwest's leading fine art auctioneers. As a result of her firm's outstanding reputation, it was acquired by
Sotheby 's in 1997.

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Excellent Start to the Year for the LVMH Group; Organic Sales Growth for the First Quarter of 2005: +11%

Business Editors

PARIS----LVMH Moet Hennessy Louis
Vuitton, the world 's leading luxury products group, reported organic*
sales growth of 11% in the first quarter of 2005 , which comes on top
of a 10% increase in organic sales for the same period in 2004.
Highlights from the sale include a Chanel 1950s black organza short ruffle
evening dress with velvet detail estimated to bring $800-1,200; an Oscar de la
Renta 1970s emerald green chiffon boutique cocktail dress estimated to bring
$200-400; a Norell wool coat, 1960s, estimated to bring $400-600; and a 1950s
Ceil Chapman black silk tulle cocktail dress estimated to bring $200-400.