CORPORATE GOVERNANCE Gross compensation over the last 2 financial years summary table 2017 2016(1) COMPENSATION COMPENSATION ALLOCATED IN ALLOCATED IN RESPECT OF THE COMPENSATION RESPECT OF THE COMPENSATION IAN MEAKINS (IN €) FINANCIAL YEAR PAID FINANCIAL YEAR PAID Fixed compensation 500,000 500,000 125,000 125,000 Variable compensation N/A N/A N/A N/A Attendance fees N/A N/A N/A N/A Benefits in kind N/A N/A N/A N/A Total 500,000 500,000 125,000 125,000 (1) Ian Meakins was appointed as Chairman of the Board of Directors from October 1, 2016. For the financial year ended December 31, 2017, in Annual variable compensation accordance with the compensation policy in relation Ian Meakins does not benefit from any annual to compensation in cash determined for the term of variable compensation. office, the compensation of Ian Meakins remained unchanged. Other compensation items Fixed compensation Ian Meakins does not benefit from any other compensation items. The annual gross fixed compensation of Ian Meakins was maintained at €500,000. Table 11 – employment agreement/supplemental retirement plan/severance indemnities/non-compete clause EMPLOYMENT SUPPLEMENTAL SEVERANCE NON-COMPETE AGREEMENT RETIREMENT PLAN INDEMNITIES CLAUSE Ian Meakins No No No No 3.2.3.2 Compensation and other benefits of Chief Executive Officer, Patrick Berard in respect of the financial year 2017 Compensation and options/shares allotted during the last two financial years PATRICK BERARD (IN €) 2017 2016(1) Compensation allocated in respect of the financial year 1,629,802 628,969 Valuation of the options allocated during the financial year N/A N/A Valuation of the performance shares allocated during the year 1,275,000 927,350 Total 2,904,802 1,556,319 (1) Patrick Berard was appointed as Chief Executive Officer as of July 1, 2016. REXEL 2017 – REGISTRATION DOCUMENT 98