Agnes Touraine

Ladies and gentlemen, shareholders, welcome. My name is Agnes Touraine. I'm very happy to have you here as the Head of Rexel's Board of Directors, and we're now having an external meeting for shareholders with Guillaume Texier, General Manager; Laurent Delabarre Laurent, Financial Head of the Group; Isabelle Hoepfner-Leger, General Secretary and Secretary of the Board of Directors.

I now declare the session to be open. First of all, we need to set up the bureau. As Head of the Board of Directors, I'm heading the assembly. The 2 shareholders, in other words, the Rexel S.A. France represented by Madame Isabelle Pain and Rexel Actionnariat Classique International represented by Mr. Peter Aman present and concerning parties are appointed as scrutineers.

Isabelle Hoepfner-Leger will now play the role of Secretary. The KPMG SA and PricewaterhouseCoopers auditors of the company are present. The attendance sheet shows this that we reached a quorum of 1/5 of the shares for the ordinary part and the 1/4 of the shares for the extraordinary part. The shareholders share present, represented or have voted are now owning 247,370,000 shares. In other words, 84.48% of all the shares representing voting rights, I declare this regularly constituted assembly to be set up. And all of the documents stipulated by the law are available at the bureau. Those documents are made available to shareholders at the headquarters, and we're registered online on Rexel's website.

Within due time to make our lives easier, we're not going to read out all of the