Accor : AccorHotels confirms the results of the tender offer for Orbis shares

Press Release

Paris, January 23rd, 2019

AccorHotels confirms the results of the tender offer for Orbis shares

AccorHotels confirms today the final number of shares in Orbis subscribed for in the tender offer following the completion today of the share purchase transaction.

Investors have submitted 15.3 million shares in Orbis at an offer price of PLN95.0, for a total consideration of PLN1,451 million (i.e. EUR338 million) constituting 33.15% of the share capital of Orbis.

Following the settlement of the Offer, which will take place on Monday 28 January 2019, AccorHotels will own, directly and indirectly, 85.84% of Orbis' share capital.

ABOUT ACCORHOTELS

AccorHotels is a world-leading travel & lifestyle group and digital innovator offering unique experiences in more than 4,600 hotels, resorts and residences across 100 different countries.

With an unrivaled portfolio of internationally renownedhotel brands encompassing the entire range from luxury to economy, from upscale to lifestyle and midscale brands, AccorHotels has been providing savoir-faire and expertise for more than 50 years.

In addition to its core hospitality business, AccorHotels has successfully expanded its range of services, becoming the world leader inluxury private residence rental with more than 10,000 stunning properties around the world. The Group is also active in the fields ofconcierge services,co-working,dining,eventsmanagement anddigital solutions.

Relying on its global team of more than 250,000 dedicated staff, AccorHotels is committed to fulfilling its primary mission: to make every guest Feel Welcome. Guests have access to one of the world's most attractive hotel loyalty

programs -Le Club AccorHotels.

AccorHotels plays an active role in its local communities and is committed to promoting sustainable development and solidarity throughPLANET 21 Acting Here,a comprehensive program that brings together employees, guests and partners to drive sustainable growth.

From 2008, theAccorHotels Solidarity Endowment Fund has acted as a natural extension of the Group's activities and

values, helping to combat the social and financial exclusion experienced by the most disadvantaged members of society. Accor SA is publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market

(Ticker: ACRFY) in the United States.

For more information or to make a reservation, please visit accorhotels.group or accorhotels.com. Or join and follow us on Twitter and Facebook.

Media relations contacts

Carina Alfonso Martin	Line Crieloue
VP Media Relations Worlwide	Corporate Media Relations
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Investor and Analyst Relations
Sébastien Valentin	Pierre-Loup Etienne
Chief Communications Officer	Investor Relations
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