Capital increase reserved for employees

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CAPITAL INCREASE RESERVED FOR EMPLOYEES OF THE REXEL GROUP

Following the Shareholders’ General Meeting held on May 20, 2008 as well as the authorization given by the Supervisory Board on July 30, 2008, Rexel launches an employee share purchase plan on preferential terms.
This operation will take place in 24 countries, including France, and will involve more than 95% of the Group’s employees. In the majority of the covered countries, subscription will be made via employee shareholding funds (“fonds communs de placement d’entreprise”, or “FCPE”) which received approval from the “Autorité des Marchés Financiers” (“AMF”) on September 19, 2008.
Following a first offering scheme conducted in 2007, this offering enables to further strengthen the ties between Rexel and its employees by giving the largest possible number of employees the opportunity to be closely associated to the Group’s future growth and performance. This second operation demonstrates Rexel’s commitment to open its capital to its employees on a regular basis.