Let .. be the fundamental group of a compact riemannian manifold X of sectional curvature K ≤ .1 and dimension n ≥ 3. We
suppose that .. = A .C B is the free product of its subgroups A and B amalgamated over the subgroup C. We prove that the critical exponent δ(C) of C satisfies δ(C) ≥ n.2. The equality occurs if and only if there exist an embedded compact hypersurface Y . X, totally geodesic, of constant sectional curvature .1, whose fundamental group is C and which separates X in two connected components whose fundamental groups are A and B respectively. Similar results hold if .. is an HNN extension, or more generally if .. acts on a simplicial tree without fixed point.