OVERVIEW OF THE REXEL GROUP 1.2 HISTORY AND DEVELOPMENT 1.2.1 Corporate name Under the terms of a purchase agreement entered The corporate name of Rexel is “Rexel”. into on December 10, 2004, PPR, through its subsidiary Saprodis S.A.S., transferred to a consortium of funds and investment capital 1.2.2 Place and number of registration companies, composed of Clayton Dubilier & Rice, Rexel is registered in the Trade and Companies Eurazeo S.A. and Merrill Lynch Global Private Equity Register (Registre du commerce et des sociétés) of (which became BAML Capital Partners) a controlling Paris under identification number 479 973 513 RCS stake representing 73.45% of the share capital of Paris. Rexel Distribution. This disposal was fol lowed by a share price guarantee, a publ ic buyout offer followed by a compulsory squeeze-out, after which 1.2.3 Date and term of incorporation the shares of Rexel Distribution were delisted from Rexel was incorporated on December 16, 2004 as the regulated Euronext market on April 25, 2005. a société par actions simplifiée, for a term of ninety- Rexel’s shares were admitted for trading on the nine years, expiring, except in the event of extension regulated Euronext market on April 4, 2007. After or early dissolution, on December 16, 2103. the last disposals that took place during 2014, the consortium no longer held any share in Rexel. Rexel was converted into a French société anonyme with a Management Board and a Supervisory Board The Rexel Group initial ly developed its wholesale by a decision of the Combined General Shareholders’ distribution operations for low and ultra-low voltage Meeting of its members on February 13, 2007. electrical products in France. It next undertook its was converted into a French société international development by making acquisitions. Rexel anonyme with a Board of Directors by a decision After implementation of restructuring and of the Combined General Shareholders’ Meeting on reorganizational measures between 2002 and May 22, 2014. 2003, the Rexel Group concentrated, in 2004, on accelerating its organic growth, in particular with 1.2.4 Registered office, legal form, and the objective of developing its range of services, applicable law and to multiply local marketing initiatives. The Rexel Group also continued to optimize its operational The registered office of Rexel is located at: structure, both in terms of commercial networks and 13, boulevard du Fort de Vaux, 75017 Paris, France in support functions, in particular, logistics and IT. (telephone: +33 (0)1 42 85 85 00). The organic growth was supplemented by a Rexel is a société anonyme under French law, with strategy of selective external growth. The Rexel a Board of Directors, and governed in particular by Group acquired companies of regional, national, the legislative and regulatory provisions of Book I I of or international scale, enabling it to reinforce its the French Commercial Code. position in targeted zones, as wel l as companies in countries with strong growth potential . Since 1.2.5 History of the Rexel Group 2010, the Rexel Group completed 40 consolidating acquisitions. Rexel Distribution was founded in 1967 under the name “Compagnie de Distribution de Matériel In the context of the reorganization of the business Electrique (CDME)” and adopted the name of Rexel portfol io started in early 2015, Rexel sold in in 1993, and later Rexel Distribution in 2007. September 2015 six of its companies previously acquired in Latin America, and sold in April 2016 its The shares of Rexel Distribution were admitted for activities in Poland, Slovakia and the Baltic States. trading on the Second Marché of the Paris stock market on December 8, 1983, and were admitted In the context of its plan to focus its business portfolio for trading on the Premier Marché of the Paris launched early 2017, Rexel sold in December 2017 stock market in 1990. In 1990, Pinault-Printemps- al l of its operations in South East Asia, including: Redoute (“PPR”) became the majority shareholder Thai land, Indonesia, Singapore, Vietnam, the of Rexel Distribution upon acquisition of Compagnie Philippines, Macau and Malaysia. This disinvestment Française de l’Afrique Occidentale (C.F.A.O.), of represents, as a percentage of sales, 17% of the which CDME, renamed Rexeland later Rexel entire disposal plan which should be completed by Distribution, was a subsidiary. the end of 2018. REXEL 2017 – REGISTRATION DOCUMENT 16