Françoise Gri joins the Pierre & Vacances – Center Parcs Group as Chief Executive Officer

  Françoise Gri joins the Pierre & Vacances – Center Parcs Group as Chief
  Executive Officer

Business Wire

PARIS -- November 05, 2012

Regulatory News:

Pierre & Vacances – Center Parcs (Paris:VAC):

Françoise Gri, Chairman of ManpowerGroup France and Southern Europe from 2007
to 2012, is to join the Pierre & Vacances – Center Parcs Group as Chief
Executive Officer alongside the Group's Chairman Gérard Brémond.

Françoise Gri, 54 years of age, is a graduate from ENSIMAG, the top French
school in computing and applied maths in Grenoble (Ecole Nationale Supérieure
d’Informatique et de Mathématiques Appliquées de Grenoble). She has spent the
majority of her career at IBM where she became Chairman and CEO for France in
2001, in particular leading the transformation of the IT equipment sales
business into an IT services provider and making it a leader in technological
integration in France.

In 2007, she joined Manpower as Chairman and led the overhaul of the temporary
work giant into a group specialised in employment solutions. She tackled the
mission of transforming a unit that represented the group's leading market
with turnover of more than five billion euros, by completely overhauling
processes, restructuring a number of functions and rolling out new activities.
After successfully completing this mission, Françoise Gri was nominated
Chairman of ManpowerGroup France and Southern Europe.

Françoise Gri is to take up her functions on 2 January 2013, although she is
to be associated with structuring decisions concerning the Pierre & Vacances –
Center Parcs Group as of 6 November 2012.

Françoise Gri is member of the Economic, Social and Environmental Council
(Conseil Economique, Social et Environnemental - CESE) and sits on the Ethic
Committee and the Employment Commission of the MEDEF.

She is also member of the Supervisory Board at Rexel and the Board of
Directors at Edenred and since 2012, has been member of the Board of Directors
of Crédit Agricole.

"I am delighted to welcome François Gri as Chief Executive Office at my side
within the Pierre & Vacances - Center Parcs Group" stated Gérard Brémond.

"My choice was motivated by her professional experience and the successful
missions achieved at IBM and Manpower. And even more so by her ability to
elaborate and promote winning corporate visions in and outside France.

With the mobilisation of members of the Executive Committee, Françoise Gri's
mission is to implement the actions started in recent months, destined to
enhance the Group's performances and continue its development".

"It is with genuine enthusiasm that I am joining the Pierre & Vacances -
Center Parcs Group today", stated Françoise Gri, "I am pleased to place my
experience at the service of this Group that has managed to innovate
throughout its history and whose potential now merits being valued in order to
embark on a new development phase.

I am very happy to be able to collaborate with Gérard Brémond, the Group's
Chairman and a great entrepreneur whose creativity and long-term vision of his
company I much admire. We have the joint conviction that difficult periods are
those which help elaborate and implement the most fruitful strategies".

CV and photo on request

About Pierre & Vacances – Center Parcs Group

Created in 1967, the Pierre & Vacances-Center Parcs Group is the European
leader in local tourism. It has built its growth on an original business model
of synergies between its two businesses: property development and tourism.

Today, with its six complementary tourism brands – Pierre & Vacances and its
two Premium and Villages Clubs labels, Maeva, Center Parcs, Sunparks, Adagio
and Adagio Access – the Group operates a tourism network of more than 51,000
apartments and homes, located in almost 300 sites in Europe. In 2011/2012, the
Group welcomed 7.5 million European clients and generated turnover of
€1.419bn.

Contact:

Press relations
Valérie Lauthier
+ 33 (0) 1 58 21 54 61
valerie.lauthier@fr.groupepvcp.com
or
Investor Relations and Strategic Operations
Emeline Laute
+ 33 (0) 1 58 21 54 76
infofin@fr.groupepvcp.com