Accor — M&A Activity 2010

Sep 16, 2010

Not for distribution directly or indirectly in the United States of America, Canada, Australia or Japan

Press Release September 16, 2010

Accor Confirms its Intent to Divest its Stake in Groupe Lucien Barrière

In the context of the IPO of Groupe Lucien Barrière, launched today and to be completed by the beginning of October, Accor announces its intent to divest its entire stake in the company, which represents a maximum of 17, 511, 725 shares*, at an indicative price range of €16.10 to €19.60 per share. This disposal is in line with Accor's strategy to refocus on its hospitality business.

* if the over-allotment option is exercised in whole

The IPO prospectus of Groupe Lucien Barrière (the "Prospectus") that received visa n° 10-321 dated September 15, 2010 from the Autorité des marchés financiers (the "AMF"), is available at the headquarters of Groupe Lucien Barrière and of the financial intermediaries and on the Internet websites of the Company (www.groupelucienbarriere.com) and the AMF (www.amf-france.org). The Prospectus consists of the document de base registered by the AMF under n° I.10-053 on July 6, 2010, a note d'opération and a summary of the Prospectus (included in the note d'opération). Attention is drawn to the risk factors set forth in Chapter 4 of the document de base and Section 2 of the note d'opération.

Accor, the world's leading hotel operator and market leader in Europe, is present in 90 countries with 4,100 hotels and close to 500,000 rooms.

Accor's broad portfolio of hotel brands - Sofitel, Pullman, MGallery, Novotel, Suite Novotel, Mercure, Adagio, ibis, all seasons, Etap Hotel, hotelF1 and Motel 6, and its related activities, Thalassa sea & spa and Lenôtre - provide an extensive offer from luxury to budget. With 145,000 employees worldwide, the Group offers to its clients and partners nearly 45 years of know-how and expertise.

Armelle Volkringer Senior Vice President Corporate and External Relations Tel.: +33 1 45 38 87 52

Charlotte Bourgeois-Cleary Tel.: +33 1 45 38 84 84

Elodie Woillez Tél.: +33 1 45 38 87 08

MEDIA CONTACTS INVESTOR AND ANALYST CONTACT

Olivia Hublot Investor Relations Tel.: +33 1 45 38 87 06 This press release does not constitute and cannot be considered as constitutive of a public offering or invitation to subscribe or solicitation of public interest in view of an operation realised by a public offering of Groupe Lucien Barrière's securities. This press release does not constitute an advertisement or a prospectus.

The distribution of this press release in other countries may be subject to legal restrictions. Neither this document nor any copies thereof may be directly or indirectly published, sent or distributed by any person to the United States of America (the "USA"), Canada, Australia or Japan.

This document does not constitute an offer to sell securities and or an invitation to buy securities in the USA or in any other country, including Canada, Australia and Japan. The shares of Groupe Lucien Barrière may only be offered or sold in the USA after they have been registered pursuant to the U.S. Securities Act of 1933 as amended (the "U.S. Securities Act"), or under the terms of an exemption from this registration requirement. Groupe Lucien Barrière's shares have not been and will not be registered pursuant to the U.S. Securities Act and Accor does not intend to carry out any public offering of Groupe Lucien Barrière securities in the USA.

This document does not constitute a public offering of securities in the United Kingdom. In the United Kingdom, this document is addressed to and intended for only persons that (i) are qualified "Investment Professionals" within the meaning of Article 19(5) of the Financial Service and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (ii) are "high net worth entities" or any other persons covered by the scope of Article 49(1) of the Order.