Change your code to this
register_setting( 'rex_plug_options', 'rex_plug_options', 'rex_plug_settings_validate' );
add_settings_field('rex_plugbox_text_exit_pop_selected_pages', 'Select Pages', 'rex_plugbox_text_exit_pop_selected_pages', 'rex_plug_box', 'rex_plug_main_box');
//with selectbox you cannot select multiple pages. If you need that try checkbox
function rex_plugbox_text_exit_pop_selected_pages(){
global $rex_plug_options;
if(!isset($rex_plug_options["rex_plugbox_text_exit_pop_selected_pages"])) {
$rex_plug_options["rex_plugbox_text_exit_pop_selected_pages"] = "";
}
?>
<select id="rex_plugbox_text_exit_pop_selected_pages" name="rex_plug_options[rex_plugbox_text_exit_pop_selected_pages]">
<?php
if( $pages = get_pages() ){
foreach( $pages as $page ){
echo '<option value="' . $page->ID . '" ' . selected( $page->ID, $rex_plug_options["rex_plugbox_text_exit_pop_selected_pages"] ) . '>' . $page->post_title . '</option>';
}
}
?>
</select>
<?php
}