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2016-05-04

REXEL : SUCCESSFUL PLACEMENT OF THE €650 MILLION NOTES OFFERING

NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY,

IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

SUCCESSFUL PLACEMENT OF THE €650 MILLION NOTES OFFERING

Rexel, a global leader in the professional distribution of products and
services for the energy world, has successfully placed €650 million of its
3.50% unsecured senior notes due 2023 (the "Notes").

The delivery and settlement and the listing of the notes on the Euro MTF
market of the Luxembourg Stock Exchange are expected to occur on or about May
18, 2016.

The Notes, which mature on June 15, 2023, will be callable as from June 2019.
They will rankpari passu
with Rexel's senior credit facility and other senior unsecured notes. The
Notes are expected to obtain the following ratings: Ba3 by Moody's (while
Rexel's corporate rating is Ba2 with a stable outlook), BB- by S&P (while
Rexel's corporate rating is BB with a stable outlook) and BB by Fitch (in
line with Rexel's corporate rating with a stable outlook).

Rexel will use the proceeds of the issuance of the Notes, together with its
available cash, to redeem all Rexel's 5.125% senior € notes due June 2020
(the "2020 Notes"). Rexel will redeem the 2020 Notes at a price of 103.844%,
plus accrued and unpaid interest. Rexel can elect not to redeem the 2020
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.

BNP Paribas, Barclays Bank plc and ING Bank N.V. acted as Joint Global
Coordinators, and as Joint Lead Bookrunners for the offering. BayernLB,
Crédit Industriel et Commercial, Société Générale Corporate and Investment
Banking and Wells Fargo Securities acted as Joint Bookrunners, and Bank of
America Merrill Lynch, Natixis and Standard Chartered acted as Co-Lead
Managers.

Catherine GUILLOUARD,
Deputy CEO and Group CFO, said:

"The success of this new seven-year note issuance confirms investor confidence
in Rexel's business model and strategy. It will allow us to refinance the
5.125% notes issued in 2013 at a significantly lower cost.

This operation constitutes a further step in our continuous efforts to
strengthen our balance sheet and reduce our cost of financing.
"
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.

The offer and sale of the Notes in France will be carried out through a
private placement in accordance with article L.411-2 of the French Financial
and Monetary Code and other applicable laws and regulations. There will be no
public offering in France.

ABOUT REXEL GROUP

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 €13.5 billion in 2015.
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
atwww.rexel.com.

CONTACTS

FINANCIAL ANALYSTS / INVESTORS

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| Marc MAILLET +33 1 42 85 76 12 marc.maillet@rexel.com |
| Florence MEILHAC +33 1 42 85 57 61 florence.meilhac@rexel.com |
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PRESS

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| Pénélope LINAGE +33 1 42 85 76 28 penelope.linage@rexel.com |
| Brunswick: Thomas KAMM +33 1 53 96 83 92 tkamm@brunswickgroup.com |
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DISCLAIMER

No communication and no information in respect of the offering by Rexel of
notes described in this announcement (the "Notes") may be distributed to the
public in any jurisdiction where a registration or approval is required. No
steps have been or will be taken in any jurisdiction where such steps would
be required. The offering or subscription of the Notes may be subject to
specific legal or regulatory restrictions in certain jurisdictions. Rexel
takes no responsibility for any violation of any such restrictions by any
person.

This announcement is not a prospectus within the meaning of Directive
2003/71/EC of the European Parliament ant the Council of November 4, 2003 as
implemented in each member State of the European Economic Area and amendments
thereto, including Directive 2010/73/EU (the "Prospectus Directive").

This announcement does not, and shall not, in any circumstances constitute a
public offering nor an invitation to the public in connection with any offer
in any jurisdiction.

The offer and sale of the Notes in France will be carried out through a
private in accordance with article L.411-2 of the French Financial and
Monetary Code and other applicable laws and regulations. There will be no
public offering in France.

With respect to the member States of the European Economic Area, other than
France, which have implemented the Prospectus Directive, the Notes may only
be offered under circumstances not requiring Rexel to publish a prospectus as
provided under article 3(2) of the Prospectus Directive.

This communication does not constitute an offer to the public in the United
Kingdom. No prospectus has been or will be approved in the United Kingdom in
respect of the Notes. The distribution of this press release is not made, and
has not been approved, by an "authorized person" within the meaning of
Article 21(1) of the Financial Services and Markets Act 2000. As a
consequence, this press release is directed only at persons who (i) are
located outside the United Kingdom, (ii) have professional experience in
matters relating to investments and fall within Article 19(5) ("investment
professionals") of the Financial Services and Markets Act 2000 (Financial
Promotions) Order 2005 (the "Order") , (iii) are persons falling within
Article 49(2)(a) to (d) ("high net worth companies, unincorporated
associations, etc.") of the
Order or (iv) are persons to whom this communication may otherwise lawfully be
communicated (all such persons together being referred to as "Relevant
Persons"). The Notes are directed only at Relevant Persons and no invitation,
offer or agreement to subscribe, purchase or otherwise acquire such Notes may
be proposed or made other than with Relevant Persons. Any person other than a
Relevant Person may not act or rely on this document or any provision hereof.
This press release is not a prospectus which has been approved by the
Financial Services Authority or any other United Kingdom regulatory authority
for the purposes of Section 85 of the Financial Services and Markets Act
2000.

This press release does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities in the United States.
The Notes have not been and will not be registered under the Securities Act,
or with any securities regulatory authority of any state or other
jurisdiction in the United States, and may not be offered or sold, directly
or indirectly, within the United States or to, or for the account or benefit
of, U.S. persons, as such term is defined in Regulation S under the
Securities Act ("Regulation S"), expect pursuant to an exemption from or in a
transaction not subject to the registration requirements of the Securities
Act. The Notes are being offered and sold only outside the United States to
non-U.S. persons in "offshore transactions" as defined in and in accordance
with Regulation S. Rexel does not intend to register any portion of the
offering in the United States or to conduct an offering of securities in the
United States.

The distribution of this document in certain countries may constitute a breach
of applicable law. The information contained in this document does not
constitute an offer of securities for sale in the United States, Australia,
Canada or Japan.

This press release may not be published, forwarded or distributed in the
United States, Australia, Canada or Japan.

PR_Notes_Offering_Success
http://hugin.info/143564/R/2010103/743979.pdf

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: REXEL via Globenewswire

HUG#2010103

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