Orbis : Further dynamic development of the Group – Adagio a new brand in Orbis portfolio

Warsaw, 26th of October 2017

• "Solid financial performance continues - revenue up by 6.3% to EUR 258.8 million

• Operating results increase in all markets in the EE region (6.6% like-for-like RevPAR growth in total), driven by ARR growth (5.1% y/y)

• Reinforcing network development in strategic marketplaces and targeting new destinations

• Adagio - New hotel brand entering in our portfolio

• Undergoing cultural transformation supported by the Heartist® program

"Our results after 9 months 2017 reflect the rightness of Orbis business model and power of the implemented strategy. Orbis has taken full advantage of favourable economic climate, and thanks to its business approach gained solid results." - said Gilles Clavie, President and CEO of Orbis S.A.

Financial Performance

Robust financial outcomes were confirmed by 6.3% increase of net sales up to EUR 258.8 million and EBITDAR growth of 10.4% (up to EUR 97.8 million) as compared to 9M in 2016. Operating EBITDA amounted to EUR 86.2 million, which represented double-digit growth of 21.1% comparing to last year.

Orbis delivered these very strong results in most of the Groups' key markets at the operational level as well, represented by 6.6% RevPAR increase up to EUR 43.8 for the whole Group. This growth reflected strong increase in ARR visible in all markets of the EE region. These results and the business model the Company have implemented are systematically consolidating its leadership position in hospitality in Eastern Europe.

Portfolio Development & Asset Management

Orbis continues reinforcing its presence in strategic geographical markets and targeting high potential destinations. Only in the 3Q Group have added 3 asset light hotels (310 rooms) entering two new markets: Serbia and Bosnia-Hercegovina and signed 5 new agreements (610 rooms) to the hotels which will join the Group in the following years. Asset light model, being a strategic axis of the Orbis development plan, apart from financial gains, provides also non-financial benefits. New hotels that join the Group increase and strengthen brand awareness, network diversification, loyalty program offer and brand reputation. Therefore network development with franchised and managed hotels enrich the guest offer. Orbis also continue to develop our network through own investments, i.e. 6 hotels with 906 rooms - 4 new subsidiaries and 2 renovation projects. Altogether Orbis pipeline is record-high and secured with 42 hotels with over 5 100 rooms in total for the next 3 years. Taking into account strong cash position Orbis is also actively looking for new growth opportunities and unchartered destinations. Enlarging brand portfolio by adding Adagio (no. 1 aparthotels brand in Europe) Orbis Group will diversify its network development and enter the Aparthotels market as a development acceleration lever.

"I express my satisfaction looking at Orbis results after 9 months of 2017. Our operating performance is extraordinary solid and we are on target with our objectives - these make me re-confirm with confidence Orbis operating EBITDA target set in July. We still have ambitious goals to achieve in coming months, in terms of further hotel network development and Group's efficiency. " - summarized Gilles Clavie.

Katarzyna Gronek Press Office Orbis SA T. +48 22 829 38 03;

katarzyna.gronek@accor.com

The Orbis Hotel Group is the largest network of hotels in Poland and in Eastern Europe. Orbis comprises

120 hotels and is the sole licensor of all AccorHotels brands in 16 countries including Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Serbia, Slovakia and Slovenia. It offers a total of 20,000 rooms. The hotels operate under the brand names Sofitel, MGallery by Sofitel, Pullman, Novotel, Mercure, adagio, ibis, ibis Styles and ibis budget. These brands, recognized throughout the world, provide a quality of service to various standards, ranging from luxury 5-star to budget 1-star hotels.

Since 1997 Orbis SA is quoted on the Warsaw Stock Exchange.

About AccorHotels:

AccorHotels is a world-leading travel & lifestyle group and digital innovator offering unique experiences in more than 4,100 hotels, resorts and residences, as well as in over 3,000 of the finest private homes around the globe. Benefiting from dual expertise as an investor and operator through its HotelServices and HotelInvest divisions, AccorHotels operates in 95 countries. Its portfolio comprises internationally acclaimed luxury brands including Raffles, Sofitel Legend, SO Sofitel, Sofitel, Fairmont, onefinestay,

MGallery by Sofitel, Pullman, and Swissôtel; as well as the popular midscale and boutique brands of 25hours, Novotel, Mercure, Mama Shelter and adagio; the much-prized economy brands including JO&JOE, ibis, ibis Styles, ibis budget and the regional brands Grand Mercure, The Sebel and hotelF1. AccorHotels provides innovative end-to-end services across the entire traveler experience, notably through the recent acquisition of John Paul, world leader in concierge services.

With an unmatched collection of brands and rich history spanning close to five decades, AccorHotels, along with its global team of more than 250,000 dedicated women and men, has a purposeful and heartfelt mission: to make every guest Feel Welcome. Guests enjoy access to one of the world's most rewarding hotel loyalty programs - Le Club AccorHotels.

AccorHotels is active in its local communities and committed to sustainable development and solidarity through PLANET 21, a comprehensive program that brings together employees, guests and partners to drive sustainable growth.

Accor SA is publicly listed with shares trading on the Euronext Paris exchange (ISIN code: FR0000120404) and the OTC marketplace (Code: ACRFY) in the United States.