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Leadership and proximityDocument de
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[This page is intentionally left bl
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General informationIn this Document
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1. Selected financial dataThe follo
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2. Information about the Rexel Grou
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2. Information about the Rexel Grou
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2. Information about the Rexel Grou
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2. Information about the Rexel Grou
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2. Information about the Rexel Grou
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3. Business description3.1 Professi
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3. Business description− security
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3. Business descriptioni.e., approx
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3. Business descriptionIn each of t
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3. Business description− growing
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3. Business description3.2.2 The Re
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3. Business description3.3.2 Divers
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3. Business descriptionin a profita
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3. Business descriptionthat its cus
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3. Business description3.7 RESEARCH
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4. Risk factors4.1 Risks relating t
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4. Risk factorsthe commercial polic
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4. Risk factors4.3 LEGAL AND REGULA
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4. Risk factorsNon-compliance by th
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5. Corporate responsibility5.1 empl
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5. Social responsibilityHeadcount b
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5. Social responsibilityAware of th
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- Page 59 and 60: eality of the market and the low le
- Page 61 and 62: − promotion days at branches or a
- Page 63 and 64: 5.3.2.1 Consumption of raw material
- Page 65 and 66: Emissions per item on the basis of
- Page 67 and 68: 5.4 STATUTORY AUDITOR’S REPORT ON
- Page 69 and 70: 6. Operating and financialreview6.1
- Page 71 and 72: 6.1.2 SeasonalityNotwithstanding th
- Page 73 and 74: 6.2 COMPARISON OF THE FINANCIAL RES
- Page 75 and 76: The following table analyzes the ch
- Page 77 and 78: In the year 2008, sales increased b
- Page 79 and 80: In the year 2008, sales in North Am
- Page 81 and 82: to 2007, while sales grew 6.3%. Adj
- Page 83 and 84: Pursuant to article 28 of the Commi
- Page 85 and 86: Financial investments also included
- Page 87 and 88: − Facility C, which was a multi-c
- Page 89 and 90: The main characteristics of these p
- Page 91 and 92: 7.2.4.1 Operating leasesThe above t
- Page 93 and 94: The trends and objectives presented
- Page 95 and 96: 9. Profit forecastsor estimates9.1
- Page 97 and 98: 9.2 REXEL GROUP FORECASTS FOR 2009G
- Page 99 and 100: Rexel is a company with limited lia
- Page 101 and 102: Jean-Dominique Perret has been a me
- Page 103 and 104: 10.2 SUPERVISORY BOARD10.2.1 Compos
- Page 105: Surname, name,professional addressa
- Page 109 and 110: and technology. His private equity
- Page 111 and 112: It has the following powers:(i) Pow
- Page 113 and 114: The Appointments Committee is made
- Page 115 and 116: Strategic CommitteeMembersThe Strat
- Page 117 and 118: 10.8 STATEMENT RELATING TO CORPORAT
- Page 119 and 120: 11. Compensationof corporate office
- Page 121 and 122: Committee, set Nicolas Lwoff’s co
- Page 123 and 124: Summary of the compensation and ben
- Page 125 and 126: Summary of all of the compensationo
- Page 127 and 128: In these hypothesis, only the sever
- Page 129 and 130: and financial situation and/or the
- Page 131 and 132: calculation of the additional pensi
- Page 133 and 134: 12.1 PRINCIPAL SHAREHOLDERSThe char
- Page 135 and 136: Due to these acquisition, the inter
- Page 137 and 138: On the same day the Chairman using
- Page 139 and 140: The table below summarizes the stat
- Page 141 and 142: The table below shows the number of
- Page 143 and 144: The table below summarizes the free
- Page 145 and 146: During the financial year ended Dec
- Page 147 and 148: 12.5 AGREEMENTS POTENTIALLY LEADING
- Page 149 and 150: 13. Related partytransactions13.1 P
- Page 151 and 152: Rexel, of which Rexel is the parent
- Page 153 and 154: a retirement leave or compulsory re
- Page 155 and 156: to the Facility Agreement, between
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Rexel is a holding company that was
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Consolidated balance sheetAs of Dec
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Consolidated statement of recognize
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Notes1. GENERAL INFORMATIONRexel wa
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Net investment in foreign operation
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at balance sheet date, less the est
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an expense in profit and loss and w
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segment), or in providing products
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As of December 31, 2008, the prelim
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For the period ended December 31, 2
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− Europe:Restructuring costs in E
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9. INCOME TAXRexel and its French s
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10. LONG-TERM ASSETS10.1 Goodwill a
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10.2 Property, plant & equipment(in
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Changes in impairment losses(in mil
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14. SHARE CAPITAL AND ISSUANCE PREM
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This agreement will terminate on th
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granted and (ii) the occurrence of
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17. PROVISIONS AND OTHER NON-CURREN
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The expense recognized in the incom
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premiums) under the 2007 Senior Cre
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Canadian entities, in addition to H
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(4) Payment of finance lease liabil
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The following table indicates the p
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The credit risk concerning cash, ca
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Arbitration regarding ABMIn connect
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Commitments to lease contractsThe a
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%Registered officeInterest ControlU
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%Registered officeInterest ControlB
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%Registered officeInterest ControlA
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I. Opinion on the consolidated fina
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Balance sheetFor the year ended Dec
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Five-year record (as required by ar
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Notes1. Description of businessRexe
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Short-term investments, cash and ba
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Plan N°2 - Cercle 3:Date of shareh
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14.1.2.2 Statutory auditors’ gene
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− inclusion of the theoretical in
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taken place at a date prior to thos
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14.5 DIVIDEND POLICYRexel has distr
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Rexel North America, Inc. is a defe
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The Group believes that it has soun
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15. Additionalinformation15.1 Share
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AuthorizationIssuance reserved for
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− any other action that is or wil
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15.1.7 Changes in share capitalThe
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Management Board members are appoin
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The Chairman of the Supervisory Boa
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on a securities account under the t
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Rexel are described in paragraph 7.
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16. Material agreementsDuring the l
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17.1 LEGAL DOCUMENTSDuring the peri
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18.1 PERSON RESPONSIBLE FOR THE DOC
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19.1 PRINCIPAL STATUTORY AUDITORSEr
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executives of companies listed on a
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portion and a variable portion calc
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Pursuant to the provisions of artic
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eviewed by the Supervisory Board, u
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1.3 Organization of the Supervisory
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During 2008, the Compensation Commi
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of efficient and adequate internal
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This procedure charges the entire o
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Information on the internal control
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Entities have been consolidated in
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total of charges and expenses that
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Moreover, the issue price of the se
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Annex 1 Delegations and authorizati
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Annex 5Text of the draft resolution
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− retaining shares and delivering
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ordinary shares to be issued in ord
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average weighted trading price of t
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under the terms that it shall deter
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− this limit does not include the
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Annex 6List of publications within
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Annex 7Correlation tablesThe follow
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Regulation (EC) 809/2004 of the Eur
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The following correlation table all
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Rexel189-193 Bd Malesherbes75017 Pa