Colony/Eurazeo: To Extend Accor Shareholder Pact To 2013

Investment companies Colony Capital LLC (COLCAP) and Eurazeo SA (RF.FR) Tuesday said they supported the decision of French hotel and services group Accor SA's (AC.FR) board to approve a plan to separate its two businesses and that they will extend their shareholder pact until 2013.

Accor plans to demerge its hotels and prepaid services units into two independent bourse-listed entities, each with its own strategy and benefiting from the resources necessary for its own development.

MAIN FACTS:

-Eurazeo and Colony Capital reaffirm their willingness to provide lasting support for the two companies that will result from this separation.

-In this context, they have decided, provided that the separation of the two Accor businesses is completed, to extend the provisions of the May 2008 shareholders agreement between them to the shares of the two companies, until May 4, 2013.

-And they will extend under such shareholders agreement the lockup undertaking on their shares in Accor and in the Prepaid Services entity, until Jan. 1st, 2012.

By Paris Bureau, Dow Jones Newswires; +331-4017-1740; art.mooradian@dowjones.com.

Eurazeo Paris (PK) (USOTC:EUZOF)
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