CORPORATE GOVERNANCE In total, transactions carried out by Rexel on its own shares for the year ended December 31, 2017, mainly consisted of: Number of shares cancelled during the last 24 months 0 Number of shares held by Rexel as treasury shares as of December 31, 2016 1,349,227 • Share purchases 5,932,078 • Share disposals 5,928,313 • Share transfers 63,623 • Shares cancelled 0 • Number of treasury shares held at December 31, 2017 1,289,369 Percentage of capital directly or indirectly held by Rexel as of December 31, 2017 0.43% Book value of the treasury shares 17,372,860 Market value of the treasury shares as at December 31, 2017 19,495,259 Details of transactions carried out by Rexel in 2017, by objective: • Liquidity agreement Share purchases 5,932,078 Share disposals 5,928,313 Number of treasury shares held at December 31, 2017 408,765 • Cancellation of shares Number of cancelled shares 0 Number of treasury shares held at December 31, 2017 N/A • Allocation to employees Share purchases 0 Share transfers 63,623 Number of treasury shares held at December 31, 2017 880,604 Rexel did not hold open buy or sel l positions on Rexel shares, representing up to 10% of Rexel’s share derivative instruments as of December 31, 2017. capital. The costs incurred by Rexel, under the l iquidity Date of the Shareholders’ Meeting agreement, within the context of the implementation of the share repurchase plan amount to €45,180 The new share repurchase plan wil l be submitted (Exane BNP Paribas) and €9,000 (Natixis), i.e. a total to the approval of the Shareholders’ Meeting of amount of €54,180 for the financial year ended on May 24, 2018. December 31, 2017. Objectives of the share repurchase plan Description of the share repurchase plan for 2018 submitted to the approval of the Shareholders’ The objectives of the plan, in order of highest to meeting lowest priority, would be the following: •Ensuring liquidity and activity in the market for Information on the share repurchase plan the Rexel shares through an investment services submitted to the approval of the Shareholders’ provider, acting independently under a liquidity meeting agreement and in compl iance with the insider trading policy recognized by the AMF; At its meeting of February 13, 2018, the Board of Directors decided to submit a resolution to the •Satisfying the obligations arising out of allocations Shareholders’ Meeting of May 24, 2018 authorizing of stock options, allocations of free shares or any it, in accordance with the provisions of articles other granting, allocation or sale of shares to the L.225-209 et seq. of the French Commercial Code, employees or the corporate officers of Rexel of articles 241-1 to 241-7 of the General Regulation of or of an associated enterprise and establishing the Autorité des marchés financiers and of European hedging operations relating to such transactions, regulations applicable to market abuse, to purchase in accordance with the conditions set forth by or cause to be purchased a maximum number of the market authorities and at such times that the REXEL 2017 – REGISTRATION DOCUMENT 150