COMBINED SHAREHOLDERS’ MEETING OF MAY 24, 2018 from this increase, and deduct from that Twenty-first resolution amount the amounts necessary to bring the (Powers to carry out legal formalities) legal reserve to one-tenth of the new share capital after the share capital increase; The Shareholders’ Meeting, deciding under the quorum and majority requirements for extraordinary 7.Decided that the authorization granted to the shareholders’ meetings, granted ful l powers to Board of Directors pursuant to this resolution the bearers of an original, of copies or extracts of shall be valid for a period of 18 months as from these minutes for the purposes of carrying out al l the date of this Shareholders’ Meeting; publication, filing or other formalities that may be 8.Decided that this authorization shal l cancel necessary. any previous authorization having the same purpose, as regards the unused portion of this authorization and supersede the authorization granted by the twenty-ninth resolution of the Extraordinary Shareholders Meeting of the Company of May 23, 2017. 6 REXEL 2017 – REGISTRATION DOCUMENT 335