COMBINED SHAREHOLDERS’ MEETING OF MAY 24, 2018 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 DECREASE IN THE SHARE CAPITAL BY CANCELLING SHARES Decrease in the May 23, 18 months 10% of the share N/A 16 18 10% of the share share capital by 2017(resolution (November capital on the date months capital on the date cancelling shares 21) 22, 2018) of cancellation by of cancellation by 24-month period 24-month period REPURCHASE BY REXEL OF ITS OWN SHARES Share repurchase May 23, 2017 18 months 10% of share Utilization under 15 18 10% of share capital as (resolution 20) (November capital as at the the Exane BNP months at the completion date 22, 2018) completion date Paribas liquidity Maximum total amount Maximum contract for market- €250,000,000 total amount making purposes Maximum repurchase €250,000,000 (from May 23, 2017 price €30 to October 31, Maximum 2017): purchase of repurchase price 4,685,582 shares at €30 an average price of €15.07 and sales of 4,685,582 shares at an average price of €15.09 Utilization under the Natixis liquidity contract for market- making purposes (from November 1, 2017 to December 31, 6 2017): purchase of 1,246,496 shares at an average price of €15.18 and sales of 1,242,731 shares at an average price of €15.26 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 preferential 2019) (i.e., 144,000,000 subscription rights shares) Joint maximum amount of resolutions number 22 and 29 Debt securities: €1,000,000,000 Joint maximum amount of resolutions number 22 and 29 REXEL 2017 – REGISTRATION DOCUMENT 321