In this paper we present a sequent calculus for the multi-agent system S5 m . First, we introduce a particularly simple alternative Kripke semantics for the system S5 m . Then, we construct a hypersequent calculus for S5 m that reflects at the syntactic level this alternative interpretation. We prove that this hypersequent calculus is theoremwise equivalent to the Hilbert-style system S5 m , that it is contraction-free and cut-free, and finally that it is decidable. All results are proved in a purely syntactic way and the cut-elimination procedure yields an upper bound of ip 2 (n, 0) where ip 2 is an hyperexponential function of base 2.