REXEL IN 2017 INCREASE IN PROPOSED DIVIDEND TO €0.42 EURO PER SHARE, PAYABLE IN CASH Rexel wil l propose to shareholders a dividend of This dividend, payable in cash early in July 2018, €0.42 euro per share, 2 cents higher compared is subject to approval at the Annual Shareholder’s to last year and representing 44% of the Group’s Meeting to be held in Paris on May 24, 2018. recurring net income (vs. 48% last year). This is in line with Rexel’s policy of paying out at least 40% of recurring net income. 2018 OUTLOOK In 2018, Rexel expect further growth in a market Consistent with its medium-term ambition, Rexel environment that should remain favorable in most targets at comparable scope of consolidation and of its main geographies. Rexel will continue to invest exchange rates: in its digitization strategy across the Group and in its Sales up in the low single digits(on a same-day • operations in the US and should also benefit from the basis); contribution from its US initiatives launched in 2017. A mid to high single-digit increase in Adjusted • EBITA;(1) • A further improvement of the indebtedness ratio (net debt-to-EBITDA).(2) STRATEGIC ROADMAP The Rexel Group continues implementing its strategy • Best-in-class core capabi l ities: Rexel offers a developed by the new management team. Rexel has unique combination of local reach, broad offer key attributes that wil l al low the Group to achieve of products and solutions, deep expertise, high its medium-term ambitions, focusing on profitable level of service, robust logistics capabilities and IT growth and value creation. backbone; and In a fast-changing energy world that opens up new • An increasingly multichannel customer approach, growth opportunities, Rexel plays a key role in the including a strong digital presence with digital value chain between manufacturers and customers sales already reaching 1.9 billion euros. and can count on: Over the medium-term, Rexel aims to be a company •A broad and valuable customer base: In 2017, Rexel that: managed 650,000 active customer accounts in Is more focused in terms of geographies and three end-markets (residential, commercial and • industrial); market segments; A strong footprint in key geographies: Rexel holds • Structurally generates sales growth above that of • the market; leading or strategic positions in most markets in which it operates; • Is more profitable; •Key partnerships with globaland leading • Boasts a stronger financial structure, al lowing manufacturers: Rexelmanages long-term greater flexibility; relationships with its suppl iers, notably strong Rests on strengthened and committed teams; and partnerships with the top 25 suppliers representing • close to 52% of Rexel’s total purchases; • Creates value for its stakeholders. (1)Excluding (i) amortization of PPA and (ii) the non-recurring effect related to changes in copper-based cables price. (2) As calculated under the Senior Credit Agreement terms. CONVENING NOTICE OF THE COMBINED SHAREHOLDERS’ MEETING 12