REXEL

LAUNCHES €500 MILLION NOTES OFFERING

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

REXEL LAUNCHES €500 MILLION NOTES OFFERING

Rexel, worldwide expert in the multichannel professional distribution of products and services for the energy world, announced today that it intends to offer €500 million of senior unsecured notes due 2025 (the "Notes"). The Notes, callable at Rexel's discretion as from December 2020, will rank pari passu with Rexel's senior credit facility and other senior unsecured notes.

Rexel will use the proceeds of the issuance of the Notes, together with available cash, to redeem the 3.250% senior Euro notes due June 2022 issued by Rexel on May 27, 2015 (the "2022 Notes"). Rexel expects to redeem the 2022 Notes on or about December 15, 2017. Rexel can elect not to redeem the 2022 Notes if it does not issue the Notes or if there is a material adverse change in financial markets.  This issuance will allow Rexel to enhance its financial structure by extending its debt maturity profile and reducing its overall cost of financing.

The Notes will be offered exclusively to investors outside the United States and are expected to be listed on the Luxembourg Stock Exchange (Euro MTF).

Rexel expects the Notes to be rated by Moody's, Fitch and Standard & Poor's. Ratings announcements are expected to be released shortly by the rating agencies.

Crédit Agricole Corporate and Investment Bank, HSBC Bank plc and Société Générale will act as Joint Global Coordinators, and as Joint Lead Bookrunners. Barclays Bank PLC, Crédit Industriel et Commercial S.A., ING Bank N.V., London Branch and Natixis will act as Joint Bookrunners for the Notes offering. Bayerische Landesbank and Wells Fargo Securities International Limited will act as Co-Lead Managers.

This document is not an offer of securities for sale nor the solicitation of an offer to purchase securities in France, in the United States or any other jurisdiction.

The securities described herein may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons unless they are registered or exempt from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities described herein have not been and will not be registered under the Securities Act and Rexel does not intend to make a public offer of its securities in the United States.