CORPORATE GOVERNANCE CURRENT AUTHORIZATIONS AUTHORIZATIONS PROPOSED TO THE SHAREHOLDERS’ MEETING OF MAY 24, 2018 DATE OF THE GM TERM MAXIMUM RESOLUTION TYPE OF DELEGATION (NO. OF (DATE OF AUTHORIZED USE NO. TERM MAXIMUM AMOUNT RESOLUTION) EXPIRY) AMOUNT AUTHORIZATIONS NOT SUBMITTED FOR RENEWAL TO THE SHAREHOLDERS MEETING OF MAY 24, 2018 INCREASE IN THE SHARE CAPITAL Issuance with May 23, 2017 26 months Equity securities: N/A N/A N/A N/A upholding of (resolution 22) (July 22, €720,000,000 (i.e., preferential 2019) 144,000,000 shares) subscription rights Joint maximum amount of resolutions number 22 and 29 Debt securities: €1,000,000,000 Joint maximum 3 amount of resolutions number 22 and 29 Issuance by way May 23, 2017 26 months Equity securities: N/A N/A N/A N/A of public offering (resolution 23) (July 22, €140,000,000 with cancellation 2019) 28,000,000 shares of the preferential Joint maximum subscription right amount of resolutions number 23, 24 and 27 This maximum to be deducted from the maximum provided for by resolution 22 Debt securities: €1,000,000,000 This maximum to be deducted from the maximum provided for by resolution 22 Issuance by way of May 23, 2017 26 months Equity securities: N/A N/A N/A N/A offering referred (resolution 24) (July 22, €140,000,000 (i.e., to in section II of 2019) 28,000,000 shares Article L.411-2 of the This maximum to be French Monetary deducted from the and Financial Code, maximum amounts with cancellation provided for by of the preferential resolutions number subscription right 22 and 23 Debt securities: €1,000,000,000 This maximum to be deducted from the maximum provided for by resolution 22 Authorization to May 23, 2017 26 months 15% of initial issuance N/A N/A N/A N/A increase the amount (resolution 25) (July 22, This maximum to be of the initial issuance, 2019) deducted from the in the event of a maximum applicable share issue for to the initial issuance which shareholders’ and from the preferential maximum provided subscription rights for in resolution 22 are maintained or cancelled REXEL 2017 – REGISTRATION DOCUMENT 147