SECTION 1 -

Restaurant ® beneficiaries secure payment facilities for home‐delivered meals, and
guarantees secure payment for the delivery companies as well as a global positioning
tool for rapid address location.
• The Ping Ping electronic solutions project regarding Tickets Restaurant ® in Belgium, in
collaboration with the Belgian mobile phone operator, Belgacom. This project gives
employees at Belgacom's head office and neighboring companies the opportunity to
test the Ticket Restaurant ® electronic solution by using electronic cards or mobile
phones to pay for their transactions. Based on NFC (Nier Field Communication)
contactless technology, this new solution offers the speed of the electronic
transaction speed with greater simplicity.
• The Rede Credenciada Iphone project in Brazil, which provides New Services
beneficiaries with a global positioning application for finding affiliated merchants.
1.14 Property, plant and equipment
The Group rents most of its premises and believes that it should be able to renew its leases
or find suitable alternative properties in the ordinary course.
1.15 Insurance
New Services will continue to benefit from Accor's insurance coverage until the Spinoff, at
which date New Services will be covered by a separate and dedicated insurance policy until December
31, 2010. The terms and conditions of the Company's own insurance cover, which have already been
negotiated by the Group and its insurers, are described below.
In the course of the Group’s activities, claims for civil liability, property damage and
operating loss are infrequent. Although the Group has, until now, been spared from claims of any
great magnitude, it has decided to maintain a sufficient level of insurance to cover it against any
major losses.
The Group's annual insurance coverage under its global civil liability policy has been fixed at
€50 million per year.
With respect to property damage and operating loss, the Group’s premises are covered by
local policies, and major sites are covered by the Group's €150 million per event policy.
funds.
New Services has also taken out a policy at the corporate level against fraud and misuse of
Given the current financial conditions in the insurance market, the Group has not been able
to take out a policy against voucher theft during transport. Coverage is sometimes possible at the
local level depending on the level of risk attached to the country and the conditions of the local
market.
The Group's insurance policies expire on December 31, 2010. Thereafter, the Group will
launch a call for bids to find an adequate and appropriate but cost effective coverage policy. A full
assessment of the risk coverage required by the Group will be carried out in 2010, and its insurance
policies will be adapted accordingly as of January 1, 2011. The Group will have its own risk prevention
resources, which will be managed by the legal department.
1.16 Legal and arbitration proceedings
The Group is not involved in any legal, administrative or legislative proceedings that it
believes could have a material adverse impact on its business, its results of operations or its financial
condition (see note 26 “Claims and Litigation” to the pro forma financial statements included in
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