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 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 subscription right Joint maximum 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 French Monetary This maximum to and Financial Code, be deducted from with cancellation the maximum of the preferential amounts provided subscription right for by resolutions number 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 N/A N/A N/A N/A increase the amount (resolution 25) (July 22, issuance of the initial issuance, 2019) This maximum to in the event of a be deducted from share issue for the maximum which shareholders’ applicable to the preferential initial issuance and subscription rights from the maximum are maintained or provided for in cancelled resolution 22 REXEL 2017 – REGISTRATION DOCUMENT 322