SOURCE: REXEL

October 17, 2007 02:39 ET

REXEL : CONSOLIDATES ITS POSITION IN AUSTRALIA WITH THE ACQUISITION OF EIW

PARIS--(Marketwire - October 17, 2007) - Rexel, leading distributor worldwide of electrical supplies, announces the acquisition of EIW Holdings in Australia, a new step in the Group's bolt-on acquisition strategy. This transaction reinforces Rexel's number one position in the high growth Asia-Pacific region.

EIW Holdings consist of 16 branches, 9 in Western Australia, and 7 in New South Wales, and has 189 employees. Annual sales in the financial year ending June 2007 were circa 100 million euros[1].

The acquisition of EIW Holdings, which will be immediately accretive, consolidates Rexel's position in Australia. It will make Rexel the number distributor in Western Australia, the fastest growing region in the country fuelled by the mining industry as well as public investments. This acquisition will also enhance Rexel's expertise and position in the dynamic industrial sector.

In 2006, Rexel's revenues in the Asia-Pacific region reached 636 million euros, and at the end of June 2007, the company had 2,500 employees and 304 branches in this region.

The EIW acquisition, Rexel's seventh since the beginning of 2007 and the second in Australia following the integration of NCA, is illustrative of Rexel's bolt-on acquisition strategy. It aims at developing the Group's market share in its key markets, reinforcing its presence with both clients and suppliers.

The transaction is scheduled to be completed end of October 2007.

For further information, please contact:

+-------------------------+--------------------+
|Financial Analysts /     |Press               |
|Investors                |                    |
+-------------------------+--------------------+
|Frédéric de Castro       |     Pénélope Linage|
+-------------------------+--------------------+
|+33 1 42 85 76 12        |   +33 1 42 85 76 28|
+-------------------------+--------------------+
|fdecastro@rexel.com      |   plinage@rexel.com|
+-------------------------+--------------------+
|                         |           Brunswick|
+-------------------------+--------------------+
|                         |         Thomas Kamm|
+-------------------------+--------------------+
|                         |   +33 1 53 96 83 92|
+-------------------------+--------------------+
|                         |tkamm@brunswickgroup|
|                         |.com                |
+-------------------------+--------------------+

Leading distributor worldwide of electrical supplies, Rexel serves three main end markets: industrial, commercial and residential. The Group is present in 29 countries, with a network of 1,945 branches, and employs 25,400 people. Rexel's sales were 10.7 billion euros in 2006. Its majority shareholders are an investor group led by Clayton, Dubilier & Rice, Eurazeo and Merrill Lynch Global Private Equity.

In Asia-Pacific, Rexel has a presence in Australia, New Zealand, China, Singapore, Thaïland, Indonesia and Malaysia. In 2006, Asia-Pacific revenues reached 636 million euros and at the end of June 2007, Rexel had 2,500 employees and 304 branches in the Asia-Pacific region.

Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203).

For more information, visit Rexel's web site at www.rexel.com

Certain of the statements contained in this release may be statements of future expectations and other forward-looking statements that are based on management's estimates, views, expectations and assumptions. Words such as "expects", "anticipates", "plans", "aims", "projects", "believes", "estimates", "target", "will", "may", "could", "should" and variations of these words and similar expressions are intended to identify forward- looking statements which include but are not limited to projections of revenues, earnings, segment performance, cash flows, contract awards. By their nature, forward-looking statements are subject to numerous risks and uncertainties, many of which are difficult to predict and generally beyond under the control of Rexel, as they relate to events and depend on circumstances that may or may not occur in the future. These forward- looking statements are not guarantees of Rexel's future performance. Rexel's actual results of operations, financial condition and liquidity as well as development of the industry in which Rexel operates may differ materially from those made in or suggested by the forward-looking statements contained in this release. All forward-looking statements speak only as of the date of this release. Rexel expressly disclaims any obligation or undertaking to review or confirm analyst expectations or estimates, to release publicly any updates or revisions to any forward- looking statements to reflect events that occur or circumstances that arise after the date

[1] 156 million Australian dollars

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