REXEL :REXEL CONTINUES ITS DISPOSAL PROGRAM WITH THE SALE OF ITS ACTIVITIES IN POLAND, SLOVAKIA AND THE BALTICS

REXEL CONTINUES ITS DISPOSAL PROGRAM
WITH THE SALE OF ITS ACTIVITIES IN POLAND, SLOVAKIA AND THE BALTICS

Rexel announces today the sale of its operations in Poland, Slovakia and the Baltics to the Würth Group.

With this divestment, which follows that of its operations in Latin America, announced on April 30, 2015, Rexel continues its disposal program aimed at reallocating its resources to its most profitable activities (the key terms and financial impacts of the program were announced when Rexel presented its 2014 annual results on February 12, 2015).

The operations whose sale is announced today contributed to the consolidated sales of Rexel in 2015 for €153 million.

Because of their limited size, the operations whose sale is announced today are not considered strategic for the Group. The sale of these operations will also improve the profitability of European operations and of the Group as a whole.

With the divestment announced today, Rexel has already completed about 60% of the disposal program announced on February 12, 2015. This program provides that, once finalized, at the latest by the end of 2016, disposed operations should represent about 5% of total Group revenue, based on the 2014 consolidated financial statements.

The transaction announced today represents an enterprise value of around €10 million and should generate an estimated loss of around €27 million before tax.

The completion of this transaction remains subject to the approval of the relevant competition authorities.

Rexel, a global leader in the professional distribution of products and services for the energy world, addresses three main markets - residential, commercial and industrial. The Group supports its customers to be at their best in running their business, by providing a broad range of sustainable and innovative products, services and solutions in the field of technical supply, automation and energy management. Rexel operates through a network of some 2,100 branches in 35 countries, with c. 28,000 employees. The Group's sales were €13.1 billion in 2014.
Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is included in the following indices: SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, STOXX600. Rexel is also part of the following SRI indices: DJSI Europe, FTSE4Good Europe & Global, EURO STOXX Sustainability, Euronext Vigeo Europe 120 and ESI Excellence Europe. Finally, Rexel is included on the Ethibel EXCELLENCE Investment Register in recognition of its performance in corporate social responsibility (CSR). For more information, visit Rexel's web site at www.rexel.com

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