Rule 8.3 - CREDIT AGRICOLE S.A.

FORM 8.3

    DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE
              (Rule 8.3 of the City Code on Takeovers and Mergers)


1.   KEY INFORMATION

Name of person dealing        BARCLAYS PLC
(Note 1)
Company dealt in              CREDIT AGRICOLE S.A.
Class of relevant security    ORD EUR 0.03
to which the dealings being
disclosed relate (Note 2)
Date of dealing               26 MAY 2006

2.   INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE

(a)  Interests and short positions (following dealing) in the class of relevant
security dealt in (Note 3)

                            Long                    Short

                      Number       (%)        Number       (%)

(1) Relevant         16,915,075    (3.40%)    12,081,461   (2.43%)
securities
(2) Derivatives         358,572    (0.07%)        68,742   (0.01%)
(other than
options)
(3) Options and       1,915,953    (0.39%)    20,521,850   (4.13%)
agreements to
purchase/sell
Total                19,189,600    (3.86%)    32,672,053   (6.57%)


(b)  Interests and short positions in relevant securities of the company, other
     than the class dealt in (Note 3)

Class of                    Long                     Short
relevant
security:

                  Number              (%)   Number              (%)

(1) Relevant
securities

(2) Derivatives
(other than
options)

(3) Options and
agreements to
purchase/sell

Total


  (c)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

  (a)  Purchases and sales
Purchase/sale Number of Securities Price per unit
                                   (EUR)
Purchase      14,409               Transfer
Purchase      46,121               20.4714
Purchase      60,000               20.5826
Purchase      1,969                20.4866
Purchase      2,213                29.9215
Purchase      6,112                20.4866
Purchase      60,000               20.5826
Purchase      1,308                Transfer
Purchase      992                  20.5963
Purchase      700                  20.5407
Purchase      4,167                20.5826
Purchase      75,000               20.2879
Purchase      60,000               Transfer
Purchase      4,167                Transfer
Purchase      90,000               Transfer
Sale          60,000               20.6024
Sale          90,000               20.6024
Sale          4,167                20.6024
Sale          44,152               20.4687
Sale          1,969                20.4866
Sale          500                  20.5716
Sale          75,000               20.2879
Sale          2,132                Transfer
Sale          2,525                30.0300
Sale          2,755                30.0300
Sale          29,088               20.4029
Sale          1,969                20.5305
Sale          4,167                Transfer
Sale          60,000               Transfer


(b)  Derivatives transactions (other than options)

Product    Long/Short    Number of Securities  Price Per
name,      (Note 6)      (Note 7)              Unit (EUR)
e.g. CFD
CFD        Long          29,088                0.2977
CFD        Short         700                   0.2997
CFD        Long          500                   0.3001




  (b)  Options transactions in respect of existing securities

Purchase/sale Number of Securities Price per unit
                                   (EUR)
Purchase      3                    Transfer
Sale          3                    Transfer


(i)  Writing, selling, purchasing or varying


Product name,   Writing,          Number of          Exercise  Type, e.g.      Expiry   Option money
e.g. call       selling,          securities to      price     American,       date     paid/received
option          purchasing,       which the option             European etc.            per unit
                varying etc.      relates (EUR)                                         (EUR)


(ii) Exercising

Product name, e.g.  Number of           Exercise price per
call option         securities          unit (Note 5)




(d)  Other dealings (including new securities) (Note 4)


Nature of transaction Details           Price per unit
(Note 8)                                (if applicable)
                                        (Note 5)





4.   OTHER INFORMATION

Agreements, arrangements or understandings relating to options or derivatives


Full details of any agreement, arrangement or understanding between the
person disclosing and any other person relating to the voting rights of
any relevant securities under any option referred to on this form or
relating to the voting rights or future acquisition or disposal of any
relevant securities to which any derivative referred to on this form is
referenced.  If none, this should be stated.





Is a Supplemental Form 8 attached? (Note 9)                 NO


Date of disclosure                         26 MAY 2006
Contact name                               BARCLAYS COMPLIANCE
Telephone number                           020 7116 2913
If a connected EFM, name of
offeree/offeror with which connected
If a connected EFM, state nature of
connection (Note 10)


Notes

The Notes on Form 8.3 can be viewed on the Takeover Panel's website at
www.thetakeoverpanel.org.uk