CORPORATE GOVERNANCE Validation of the achievement of the performance conditions: PAYMENT OF 60% DEPENDING ON EBITA LEVEL PAYMENT OF 40% DEPENDING ON WCR LEVEL 2015 Target Adjusted EBITA in volume – €M 715.6 2015 Target ATWC 13.70% 2015 Adjusted EBITA in volume –€M 587.2 2015 ATWC 14.07% Achievement Achievement 2015 achievement rate of 82.1% 2015 achievement rate of 102.7% 2016 Target Adjusted EBITA in volume – €M 603.6 2016 Target ATWC 14.03% 2016 Adjusted EBITA in volume – €M 558.2 2016 ATWC 14.00% Achievement Achievement 2016 achievement rate of 92.5% 2016 achievement rate of 99.8% an average achievement rate an average achievement rate over the last two 2015 and 2016 87.3% over the last two 2015 and 101.2% financial years of 2016 financial years of Performance conditions satisfied Performance conditions satisfied The conditions for payment of 100% of the severance indemnity are thus satisfied Table 11 – employment agreement/supplemental retirement plan/severance indemnities/non-compete clause EMPLOYMENT SUPPLEMENTAL SEVERANCE NON-COMPETE AGREEMENT RETIREMENT PLAN INDEMNITIES CLAUSE Catherine Guillouard Yes - Employment No Yes Yes agreement suspended during the term of corporate office REXEL 2017 – REGISTRATION DOCUMENT 110