2008 Registration Document - Rexel

General informationIn this Document de Référence, “Rexel” refers to the company Rexel. Referencesto “Rexel Développement” are to Rexel Développement S.A.S, a direct subsidiaryof Rexel. References to “Rexel Distribution” are to Rexel Distribution, an indirectsubsidiary of Rexel. References to “Kelium” are to Kelium, a direct subsidiary ofRexel Distribution. References to “Hagemeyer” are to the Dutch corporationHagemeyer N.V., an indirect subsidiary of Rexel. The “Rexel Group” refers to Rexeland its subsidiaries and, before 2005, to Rexel Distribution and subsidiaries.This Document de Référence contains information aboutthe Rexel Group’s markets and competitive position,including information relating to market size and marketshare. Unless otherwise stated, this information is basedon the Rexel Group’s estimates and is provided solely forindicative purposes. To the Rexel Group’s knowledge,there are no authoritative external reports in relation to themarket providing comprehensive coverage or analysis ofthe professional distribution of low and ultra-low voltageelectrical products. Consequently, the Rexel Group hasmade estimates based on a number of sources includinginternal surveys, studies and statistics from independentthird parties (in particular DISC in the United States) orprofessional federations of electrical products distributors,specialist publications (such as Electrical Business Newsand Electrical Wholesaling), figures published by theRexel Group’s competitors and data from operationalsubsidiaries. These various studies, which the Rexel Groupconsiders reliable, have not been verified by independentexperts. The Rexel Group does not guarantee that a thirdparty using other methods to analyze or compile marketdata would obtain the same results. In addition, the RexelGroup’s competitors may define their markets differently.The data relating to market share and market size includedin this Document de Référence thus do not constituteofficial data.This Document de Référence contains information on theintentions, objectives and prospects of development of theRexel Group. Such information should not be interpreted asa warranty that the facts stated will occur. Such informationis based on data, assumptions, and estimates that the RexelGroup considers reasonable. They are likely to change or bemodified due to the uncertainties of the economic, financial,competitive or regulatory environment.The forward-looking statements provided in this Documentde Référence are made as of the date of this Documentde Référence. Excluding any applicable legal or regulatoryrequirements, the Rexel Group does not make anycommitment to publish updates of the forward-lookingstatements provided to reflect any changes in its targetsor events, conditions or circumstances on which suchforward-looking statements are based. The Rexel Groupoperates in a competitive environment subject to rapidchange. Therefore it is not able to anticipate all risks,uncertainties or other factors that may affect its activities,their potential impact on its activities or the extent to whichthe occurrence of a risk or combination of risks couldhave significantly different results from those set out inany forward-looking statements, it being noted that suchforward-looking statements do not constitute a projectionor guarantee of actual results.REXEL 2008 | PAGE 6