3.8.5 Changes in share capital 152 3.8.6 Pledges, guarantees and security interests 154 6 COMBINED 300 3.9 OTHER ELEMENTS THAT MAY HAVE SHAREHOLDERS’ MEETING AN IMPACT INCASE OF TENDER OFFER 154 OF MAY 24, 2018 3.9.1Control mechanisms in relation to employee shareholding 154 3.9.2 Agreements entered into by Rexel to be amended 6.1 REPORT OF THE BOARD OF DIRECTORS or terminated in case of change of control 155 TO THE COMBINED SHAREHOLDERS’ MEETING OF MAY 24, 2018 302 4 CORPORATE 156 6.2 TEXT OF THE DRAFT RESOLUTIONS 323 RESPONSIBILITY 1 7 PERSON RESPONSIBLE 336 4.1SOCIETAL INFORMATION 159 FOR THE REGISTRATION 4.1.1Interacting with stakeholders 159 DOCUMENT AND STATUTORY 4.1.2Impact on local economic and social development 160 AUDITORS 4.1.3Charities and Sponsorship 161 4.2 VIGILANCE PLAN 162 7.1 PERSON RESPONSIBLE FORTHE REGISTRATION DOCUMENT 338 4.3 EMPLOYEE-RELATED INFORMATION 164 Person responsible for the Registration document 7.1.1 338 4.3.1 Workforce 164 Responsibility statement 7.1.2 338 4.3.2 Employment and integration 166 Person responsible for the financial communication 7.1.3 338 4.3.3 Attractiveness of the Company for employees 167 Indicative financial information timetable 7.1.4 338 4.3.4 Training and skills management 170 4.3.5 Employee engagement 172 7.2 STATUTORY AUDITORS 339 4.3.6 The Rexel Group’s commitment to ethics 173 7.2.1Acting Statutory Auditors 339 4.3.7 Note on methodology 173 7.2.2Deputy Statutory Auditors 339 4.4 ENVIRONMENTAL INFORMATION 174 7.3 DOCUMENTS ACCESSIBLE TO THE PUBLIC 339 4.4.1The Rexel Group’s environmental policy 174 4.4.2 Risk management and regulatory compliance 177 CORRELATION TABLES 340 4.4.3 Environmental aspects of the Rexel Group activities 179 8 4.4.4 Energy efficiency and renewable energy solutions range 186 4.4.5 Note on methodology and summary table 186 8.1 CORRELATION TABLE 4.5 INDEPENDENT VERIFIER’S REPORT 190 WITH REGULATION (EC) 809/2004 342 8.2 CORRELATION TABLE 5 FINANCIAL 194 WITH THE ANNUAL FINANCIAL REPORT 346 AND ACCOUNTING 8.3 CORRELATION TABLE INFORMATION WITH MANAGEMENT REPORT (INCLUDING THE REPORT ON CORPORATE GOVERNANCE) 347 5.1ACTIVITY REPORT 198 8.4 CORRELATION TABLE WITH THE INFORMATION ON CORPORATE 5.1.1Operating and financial review and prospects 198 AND ENVIRONMENTAL RESPONSIBILITY 348 5.1.2Liquidity and capital resources 208 5.1.3 Outlook 211 8.5 CORRELATION TABLE 5.1.4Dividend policy 212 WITH ALL TEN PRINCIPLES OF THE UNITED NATIONS GLOBAL COMPACT 350 5.1.5Significant changes in the issuer’s financial or commercial position 212 8.6 CORRELATION TABLE WITH THE PILLARS 5.1.6I nformation on payment terms granted to suppliers OF REXEL SUSTAINABLE DEVELOPMENT and customers of Rexel (end of the 2017 financial year) 212 STRATEGY 351 5.2 CONSOLIDATED FINANCIAL STATEMENTS 214 5.2.1Consolidated financial statements as of December 31, 2017 214 5.2.2 Report of the Statutory Auditors’ Report on the consolidated financial statements for the financial year ended December 31, 2017 271 5.3 COMPANY FINANCIAL STATEMENTS 276 5.3.1Company financial statements as at December 31, 2017 276 5.3.2 Report of the Statutory Auditors on the company financial statements for the financial year ended December 31, 2017 295 REXEL 2017 – REGISTRATION DOCUMENT 3