Identification

Symbol
RXL
ISIN code
FR0010451203
Trading location
Paris
ICB
Industrial Suppliers
Website address
http://www.rexel.com
Issuer website
http://www.rexel.com

Operation

IPO date
Wed 04/04/2007
IPO type

Global Placement and Open Price Offer

IPO price
16.50 euros
IPO type
Initial Public offering
Catégorie
IPO
Operation procedure

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).

Operation description

Admission on Eurolist by Euronext:
- the shares comprising the equity of REXEL at the day of the admission, including (i) the shares resulting from the share split, (ii) the shares issued in connection with the merger of Rexdir SAS and Rexop SAS into Rexel, after exercise of the BSA, and (iii) the shares issued in connection with the reserved capital increase for the benefit of Ray Investment Sàrl;
- up to of 61,162,080 new shares obtained from a capital increase, effected as part of the introduction in the stock exchange;
- up to of 8,913,739 new shares obtained from a capital increase reserved to the Company's employees, and a capital increase reserved to BNP Paribas Arbitrage SNC, generating an operation note registered by the AMF.

A number of up to 62,095,662 shares at the maximum will be offered to the public by the way of a Global Placement and an Open-Price Offer - OPO (the "Offer"), comprising up to 61,162,080 new shares and 933,582 existing shares.

Extension clause: Depending on the demand, the number of shares could be raised by a maximum of 9,314,349 existing shares.

Over-allotment Option: the main shareholder will agree to grant the underwriters an over-allotment option to acquire up to 10,711,502 additional existing shares at the offering price (after exercise of the extension clause).

Rexel shares will be admitted temporarily on Eurolist by Euronext under the title "REXEL Promesses".

Operation calendar

- Period of the placement: from March 21, 2007 to April 3, 2007 (20:00) - Reservation Period: from March 21, 2007 to March 31, 2007 (17:00 and 23:59 on Internet - Period of the OPO: from April 2, 2007 to April 3, 2007 (17:00) - First quotation: April 4, 2007 - Beginning of trading: April 5, 2007 - From April 5, 2007 to April 11, 2007 inclusive: trading of new and existing shares on a single quotation line "Rexel Promesses" under the ISIN Code FR0010451203 and Symbol RXL - From April 12, 2007: the Rexel shares will be quoted under the title "Rexel", ISIN Code FR0010451203 (inchanged), and Symbol RXL (unchanged)

Price range
16.35 euros - 19.00 euros
Broker to issue

BNP PARIBAS
CALYON
J.P. MORGAN SECURITIES Ltd
LEHMAN BROTHERS INTERNATIONAL
MERRILL LYNCH INTERNATIONAL