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ACCOR SA

5Financial statements CONSOLIDATED FINANCIAL STATEMENTS ASIA PACIFIC Accor Asia Pacific Corp Asia/Australia IG 100.00% Accor Australia and New Zealand Hospitality Australia/ NewZealand IG 100.00% AAPC India Hotel Management Private India IG 70.00% Safari club French Polynesia IG 100.00% LATIN AMERICA/CARIBBEAN Accor Hospitality Arg Argentina IG 100.00% Posadas Do Brasil Brazil IG 100.00% Hotelaria Accor Brasil Brazil IG 100.00% Accor Chile Chile IG 100.00% Sociedad de desarollo de hoteles peruanos (SDHP) Peru IG 100.00% OTHER COUNTRIES OTHER SERVICES Société d’Exploitation desRésidences Hôtelières Rail France IP 50.00% Compagnie Internationale des Wagons Lits& du Tourisme* Belgium Treno* Italy Assets held fors ale 99.78%

* These entities are not held directly by AccorSA, except forCompagnie Internationale des Wagons Lits& du Tourisme.

IG: fully consolidated.
IP: consolidated using the proportional method.
MEE: accounted for by the equity method.
The percentages correspond to the Group’s percentage interest.

Société immobilière d’exploitation algérienne Algeria IP 50.00% Saudi Franch Company Hotel MGT Saudi Arabia IG 99.98% Accor Canada Canada IG 100.00% Société Abidjannaise Hôtelière Ivory Coast IG 99.99% Société Hôteliere La Lagune Ivory Coast IG 100.00% Accor Hôtel SAE Egypt IG 99.77% Accor Gestion Maroc Morocco IG 77.94% Risma Morocco MEE 33.21% Si Hotelera De Mexico Mexico IG 100.00% Hotel Union Pullman Senegal IG 100.00% Société Hôtelière Barachois Senegal IG 90.58% Société Togolaise d’investissement et d’exploitation hôtelière Togo IG 100.00% Accor Business And Leisure North America USA IG 100.00% ** For these entities, the percentage shown corresponds to Accor’s direct interest plus the interest held indirectly through Paris les Halles which owns 60% of The Grand Real Estate and 70% of Saint James Hotel.