Accor : 2021 Notice of meeting

CONTENTS

How to participate in the Shareholders' Meeting 2

2020 Summary Accor management report 7

Agenda for the combined ordinary and extraordinary Shareholders'

Meeting of April 29, 2021 29

Presentation of the proposed resolutions to be submitted to the combined ordinary and extraordinary Shareholders' Meeting

on April 29, 2021 32

Proposed resolutions submitted to the combined ordinary

and extraordinary Shareholders' Meeting of April 29, 2021 41

Members of the Board of Directors after the 2021 combined ordinary

and extraordinary Shareholders' Meeting 54

Statutory Auditors' Report on the financial statements 56

Statutory Auditors' Report on the consolidated financial statements 60

Statutory Auditors' special report on related-party agreements 64

Statutory Auditors' Report on the reduction of capital 66

Statutory Auditors' Report on the issue of shares and other marketable

securities with upholding and/or with waiving of subscription rights 67

Statutory Auditors' Report on capital increases reserved for the members

of a Corporate Savings Plan 69

Statutory Auditors' Report on the authorization to grant free shares that

are existing or to be issued 70

Statutory Auditors' Report on the proposed free issue of share warrants

in the event of a public offer concerning the Company 71

Request for documents 73

ACCOR LOGO

Nº dossier : 18J3476 Date : 4/07/18 Validation DA/DC : Validation Client :

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Accor is a world-leading augmented hospitality group offering unique and meaningful experiences in 5,000 hotels and residences across 110 countries. The Group has been acquiring hospitality expertise for more than 50 years, resulting in an unrivaled portfolio of brands, from luxury to economy, supported by one of the most attractive loyalty programs in the world.

Beyond accommodation, Accor enables new ways to live, work, and play, by blending food and beverage with nightlife, well-being, and coworking. It also offers digital solutions that maximize distribution, optimize hotel operations and enhance the customer experience.

Accor is deeply committed to sustainable value creation and plays an active role in giving back to planet and community via its Planet 21 - Acting Here program and the Accor Solidarity endowment fund, which gives disadvantaged groups access to employment through professional training.

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HOW TO PARTICIPATE

IN THE SHAREHOLDERS' MEETING

The shareholders are invited to participate in Annual Shareholders' Meeting on April 29, 2021 at 10:00 a.m. (Paris Time).

Given the backdrop of the Covid-19 epidemic and to take account of measures taken to halt its spread as well as recommended health and safety protocols, the

Chairman and Chief Executive Officer of the Company, as authorized by the Board of Directors, decided that exceptionally, the Annual Shareholders' Meeting will be held behind closed doors without the physical presence of shareholders and other persons having the rights to attend, at the Company's headquarters located at

82 Rue Henri Farman - 92130 Issy-les-Moulineaux in accordance with the stipulations of the French Order No. 2020-321 dated March 25, 2020, as modified and extended.

Indeed, at the date of the publication of the convening notice, several administrative measures prohibit or limit movement or public meetings for health reasons and prevent the physical presence at the Annual Shareholders'

Meeting of its members.

The Annual Shareholders' Meeting will be broadcast live on the Company's website and the webcast will also be available within the timeframe provided by regulations.

The terms and conditions governing participation in the Annual Shareholders' Meeting presented below therefore take account of the exceptional situation linked to the current health crisis and in particular the provisions of French Order No. 2020-321 of March 25, 2020 (as amended by French Order No. 2020-1497 of December 2, 2020 and French Decree No. 2021-255 of March 9, 2021) and French Decree No. 2020-418 of April 10, 2020 (as extended and amended by French Decrees No. 2020-1614 of December 18, 2020 and No. 2021-255 of March 9, 2021).

Shareholders are invited to regularly consult the section dedicated to the Annual Shareholders' Meeting on the Company's websitehttps://group.accor.com, which will be regularly updated to provide the latest terms and conditions of participation at the Annual Shareholders' Meeting and/or legislative or regulatory adjustments and health protocols that may be applied after the publication of the convening notice brochure.

Conditions to be fulfilled to participate in the Shareholders' Meeting

Shareholders are eligible to vote at the Shareholders' Meeting provided that their shares have been recorded in their name, or in that of their accredited financial intermediary, in the Company's share register or in a securities account kept by an accredited bank or broker

no later than the second business day preceding the date of the Meeting, which is the record date.

For Accor's Combined Shareholders' Meeting on April 29, 2021, this date will therefore be Tuesday, April 27, 2021 at midnight (12.00 a.m.) (Paris Time).

Procedure for participating in the Shareholders' meeting in the context of health crisis

As indicated above, exceptionally, the Shareholders' Meeting will be held behind closed doors, without the physical presence of shareholders and other persons entitled to attend.

No admittance cards will be issued and shareholders must exercise their right to vote prior to the Shareholders' Meeting. Shareholders can participate in the Shareholders' Meeting as follows:

• 1) by post vote personally or by proxy given to the Chairman of the Meeting or any other representative (any physical or legal person of their choice); or

• 2) online: vote personally or by proxy given to the Chairman of the Meeting or any other representative (any physical or legal person of their choice).

In accordance with the provisions of Article R. 22-10-28 of the French Commercial Code (Code de commerce), any shareholder who has already voted, sent a proxy form, requested a certificate of share ownership may sell all or some of their shares.

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If all or some of the shares are sold (or title to the shares is transferred) before the second business day preceding the Meeting date, i.e., before Tuesday, April 27, 2021 at midnight (12.00 a.m.) (Paris Time), the Company will cancel or modify the postal or online vote or proxy. To this end, your bank or broker should notify Société Générale Securities Services of the sale (or transfer of title) and provide all the necessary information.

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If all or some of the shares are sold (or title to the shares is transferred) after the second business day preceding the Meeting date, i.e., after Tuesday, April 27, 2021 at midnight (12.00 a.m.) (Paris Time), you are not required to notify the Company of the sale, notwithstanding any agreement to the contrary.

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Combined Ordinary and Extraordinary Shareholders' Meeting April 29, 2021 - Accor