Sodexo Announces the Signature of an Agreement to Acquire Lenôtre

Regulatory News:

Sodexo (Paris:SW) (OTCBB:SDXAY)announced today that it has signed an agreement to acquire the French company Lenôtre from Accor. The transaction remains subject to approval from the competition authorities.

Sodexo views the acquisition as a unique opportunity to develop its portfolio of Prestige activities in France and internationally.

The Lenôtre brand symbolizes the elegance and rigor of French luxury, embodied by its upscale gastronomy business which includes boutiques, receptions and events, as well as its three-star restaurant, Le Pré-Catelan. Lenôtre is a member of the prestigious French luxury association, the “Comité Colbert”.

Sodexo will preserve the internationally recognized brand and expertise of Lenôtre and invest in their development.

Lenôtre and the professionalism of its teams are well-known to Sodexo, particularly in the markets in which both companies are present. With this acquisition, Sodexo also seeks to further develop its expertise in luxury gastronomy in order to enhance its offering to its clients.

Patrick Scicard, Chairman of Lenôtre’s Management Board since 1995, will continue to manage the company, working with his existing team.

About Sodexo

Sodexo, world leader in Quality of Daily Life Solutions

Quality of Life plays an important role in the progress of individuals and the performance of organizations. Based on this conviction, Sodexo acts as the strategic partner for companies and institutions that place a premium on performance and employee well-being, as it has since Pierre Bellon founded the company in 1966. Sharing the same passion for service, Sodexo’s 380,000 employees in 80 countries design, manage and deliver an unrivaled array of On-site Service Solutions and Motivation Solutions. Sodexo has created a new form of service business that contributes to the fulfillment of its employees and the economic, social and environmental development of the communities, regions and countries in which it operates.

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