REXEL

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Characteristics of the Global Placement - The Global Placement is directed mainly to institutional investors comprising a placement in France and an international private placement in some countries, including the USA. - Number of shares: up to 55,886,095 shares representing 90% of the Offer (before exercise of the extension clause and the over-allotment option) - Bookrunners: BNP Paribas, CALYON, JPMorgan Securities Ltd., Lehman Brothers and Merrill Lynch International. Characteristics of the Open Price Offer - The OPO is meant for retail investors, certain legal entities and UCITS (Fonds communs de placement) - Number of shares: at least 6,209,567 shares representing 10% of the Offer (before exercise of the extension clause and the over-allotment option) If the demand in the OPO allows it, the final number of shares allocated will at least be equal to 10% of the total number of shares offered (before over-allotment option).</p>