Rexel — Capital/Financing Update 2008

Nov 27, 2008

AMENDMENT TO THE LIQUIDITY CONTRACT

Amendment to the liquidity contract signed on April 26, 2007 between Rothschild & Cie Banque and Rexel.

In accordance with the article 11 of the above contract Rexel has decided to allocate an additional amount of € 4.000.000. to ensure the continuity of Rotschild & Cie 's operations.

Paris, November 27, 2008

CONTACTS:

FINANCIAL ANALYSTS / INVESTORS Eric Dumont +33 1 42 85 76 12 @ edumont@rexel.com

Leading distributor worldwide of electrical supplies, Rexel serves three main end markets: industrial, commercial and residential. The Group operates in 34 countries, with a network of some 2,550 sales outlets, and employs 34,000 people. Rexel's pro forma sales were 14.3 billion EUR in 2007. Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and Merrill Lynch Global Private Equity.

Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is integrated in the following indices: NEXT 150, SBF 120, and CAC Mid 100.

For more information, you can visit the website www.rexel.com

This press release and the information contained herein do not constitute an offer for sale or subscription, nor a solicitation of orders to sell or subscribe for securities in France or any other jurisdiction.

This document is only directed at and being provided to persons in the United Kingdom who are a) authorized persons who have professional experience in matters relating to investments within the meaning of the Financial Services and Markets Act 2000 (FSMA) and Article 19 of the Financial Services and Markets Act (Financial Promotions) Order 2005 (" the Order ") or b) high net worth entities, unincorporated associations and to other persons to whom it may otherwise be lawfully communicated falling within Article 49(2)(a)-(d) of the Order.

This press release does not constitute an offer of securities in the United States of America. Securities may only be offered or sold in the United States of America following a registration under the U.S. Securities Act of 1933, as amended (the "Securities Act") or pursuant to an exemption from registration under the Securities Act. Rexel's shares have not 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 release, publication or distribution of this press release in certain jurisdictions may be restricted by law or regulations. Therefore, persons in such jurisdictions into which this press release is released, published or distributed must inform themselves about and observe such laws and restrictions. The release, publication or distribution of this press release in certain jurisdictions may be restricted by law or regulations. Therefore, persons in such jurisdictions into which this press release is released, published or distributed must inform themselves about and observe such laws and restrictions.