Rexel S.A. will propose to shareholders to maintain the dividend at a record level of ?1.20 per share for 2023, to be paid fully in cash. This represents a payout of 43% of the Group?s recurring net income, in line with the company?s policy of paying out at least 40% of recurring net income. This dividend, payable in cash on May 17, 2024 (detachment date on May 16), will be subject to approval at the Annual Shareholders?

Meeting to be held in Paris on April 30, 2024.