Get Adobe Flash player 5Financial statements CONSOLIDATED FINANCIAL STATEMENTS Outstanding options at December31, 2012 are as follows: Exercise price Number of outstanding options Remaining life of the options

Plan 12 €30.60 1,781,404 9 days

Plan 13 €32.56 820,622 3months

Plan 14 €45.52 1,943,903 1.2years

Plan 15 €47.56 85,079 1.4years

Plan 16 €40.08 2,139 2.7years

Plan 17 €30.81 1,899,570 2.3years

Plan 18 €28.32 102,544 2.8years

Plan 19 €18.20 1,273,857 4.3years

Plan 20 €26.66 2,213,777 5.3years

Plan 21 €26.66 137,228 5.3years

Plan 22 €30.49 92,448 6years

Plan 23 €31.72 607,334 6.3years

Plan 24 €31.72 53,125 6.3years

Plan 25 €26.41 527,015 7.3years

Plan 26 €26.41 47,375 7.3years

Fair value of options at that date. The information presented in this table for plans 9 to 21 (particularly the exercise price, the share price at the grant

The fair value of these options at the grant date has been date and the fair value) has not therefore been adjusted for thedetermined using the Black & Scholes or Monte Carlo optioneffects of the July2, 2010 demerger.

pricing models, based on data and assumptions that were valid
The main data and assumptions used for the fair value calculations are as follows:

Plan 9 Plan 10 Plan 11 Plan 12 Plan 13 Plan 14 Plan 15 Plan 16 Plan 17

Accor share price at the option grant date €35.18 €33.71 €31.64 €49.80 €48.30 €70.95 €70.45 €62.35 €47.10

Option exercise price €35.68 €33.94 €32.42 €46.15 €49.10 €68.65 €71.72 €60.44 €46.46

Expected volatility(1) 39.68% 39.18% 37.64% 35.36% 34.60% 31.73% 31.60% 27.57% 27.87%

Contractual life of the options 8years 8years 7years 7years 7years 7years 7years 8years 7years

Expected share yield(2) 3.44% 3.55% 2.94% 3.13% 3.74% 3.94% 4.25% 4.15% 3.84%

Dividend rate(3) 3.03% 3.03% 3.22% 3.22% 3.22% 2.29% 2.29% 2.29% 2.53%

Fair value of options(4) €10.52 €10.07 €8.48 €14.11 €12.57 €20.38 €19.36 €16.66 €11.55

Plan 18 Plan 19 Plan 20 Plan 21 Plan 22 Plan 23 Plan 24 Plan 25 Plan 26

Accor share price at the option grant date €37.12 €25.49 €41.47 €41.47 €32.19 €31.96 €31.96 €26.55 €26.55

Option exercise price €42.70 €27.45 €40.20 €40.20 €30.49 €31.72 €31.72 €26.41 €26.41

Expected volatility(1) 26.72% 31.91% 33.96% 33.96% 34.99% 35.74% 35.74% 39.71% 39.71%

Contractual life of the options 7years 8years 8years 8years 8years 8years 8years 8years 8years

Expected share yield(2) 4.03% 2.63% 2.29% 2.29% 1.98% 2.90% 2.60% 1.67% 1.67%

Dividend rate(3) 2.53% 2.53% 3.24% 3.24% 2.22% 2.19% 2.19% 2.42% 2.42%

Fair value of options(4) €7.00 €5.78 €10.28 €9.44 €9.25 €9.40 €8.89 €7.88 €6.50

Registration Document 2012 ACCOR 233