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Financial statements

PARENT COMPANY FINANCIAL STATEMENTS AND NOTES

5

(in millions of euros) 2011

--41 41 ----41 2012

COMMITMENTS RECEIVED (ASSETS)

Non-cancelable commitments received for the purchase of financial assets

PURCHASE COMMITMENTS RECEIVED -

Commitments received for refurbishment works – Pullman Paris Tour Eiffel (6)

WORKS COMMITMENTS RECEIVED -

Guarantees for confirmed credit lines -Guarantees received -Other commitments received

OTHER FINANCIAL GUARANTEES FOR BORROWINGS

TOTAL COMMITMENTS RECEIVED

(6) As part of the refinancing operation launched in 2012 concerning the Pullman Paris Tour Eiffel, Accor undertook to carry out refurbishment works at the hotel in the capacity of property developer and the investor undertook to purchase the resulting fixed assets for €47 million. At December 31, 2012, the outstanding amount of the investor’s commitments stood at €41 million.

NOTE 27 SUBSEQUENT EVENT

On February 18, 2013, Accor announced that it had entered into a sale and management-back agreement for the Sofitel Paris Le Faubourg, for a total value of €113 million including a €13 million renovation program.