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Lock-up conditions proportion of these shares, as set by the Board of Directors, may not be sold until the grantee either leaves the Accor Group

In accordance with the French Commercial Code and the AFEP/ or ceases to hold the position of executive officer or ExecutiveMEDEF Corporate Governance Code, when executive officers Committee member, as applicable. The lock-up conditions varyor other Executive Committee members acquire shares under depending on the plan concerned, as shown in the table below.

performance share plans set up since May14, 2007, a certain

Table 11: Lock-up conditions for vested performance shares owned by executive officers and other members oftheExecutive Committee

Lock-up conditions applicable to other Executive Grant date Lock-up conditions applicable to executive officers Committee members

05/14/2007 25% of the shares that vest upon fulfillment 10% of the shares that vest upon fulfillment of the performance condition may not be sold until of the performance condition may not be sold until thegrantee leaves the Accor Group. thegrantee leaves the Accor Group.

03/28/2008 25% of the shares that vest upon fulfillment 25% of the shares that vest upon fulfillment of the performance condition may not be sold until of the performance condition may not be sold until thegrantee leaves the Accor Group. thegrantee leaves the Accor Group.

03/31/2009 The following percentages of shares may not be sold until the grantee ceases to hold an executive officer’s position: 20% of the shares that vest upon fulfillment of the performance conditions. In addition, the grantee must purchase Accor shares corresponding to 3% of the number of vested shares; OR 25% of the shares that vest upon fulfillment of the performance conditions.

25% of the shares that vest upon fulfillment of the performance conditions may not be sold until the grantee ceases to be a member of the Executive Committee.

04/04/2011 The following percentages of shares may not be sold until the grantee ceases to hold an executive officer’s position: 20% of the shares that vest upon fulfillment of the performance conditions. In addition, the grantee must purchase Accor shares corresponding to 3% of the number of vested shares; OR 25% of the shares that vest upon fulfillment of the performance conditions. However, if the value of the shares exceeds two years of the grantee’s basic compensation, the only lock-up condition is that the executive officer must purchase Accor shares corresponding to 3% of the number of vested shares.

The following percentages of shares may not be sold until the grantee ceases to be a member of the Executive Committee: 20% of the shares that vest upon fulfillment of the performance conditions. In addition, the grantee must purchase Accor shares corresponding to 3% of the number of vested shares; OR 25% of the shares that vest upon fulfillment of the performance conditions. However, if the value of the shares exceeds two years of the grantee’s basic compensation, none of the vested shares will be subject to lock-up conditions.

03/27/2012 The following percentages of shares may not be sold until the grantee ceases to hold an executive officer’s position: 25% of the shares that vest upon fulfillment of the performance conditions. However, if the value of the shares exceeds two years of the grantee’s basic compensation, the only lock-up condition is that the executive officer must purchase Accor shares corresponding to 3% of the number of vested shares.

The following percentages of shares may not be sold until the grantee ceases to be a member of the Executive Committee: 25% of the shares that vest upon fulfillment of the performance conditions. However, if the value of the shares exceeds two years of the grantee’s basic compensation, none of the vested shares will be subject to lock-up conditions.