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               30 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         18,053,784    (3.63%)      364,476    (0.07%)
securities
(2) Derivatives         364,452    (0.07%)            0    (0.00%)
(other than
options)
(3) Options and       1,915,953    (0.39%)   20,521,850    (4.13%)
agreements to
purchase/sell
Total                20,334,189    (4.09%)   20,886,326    (4.20%)


(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      5,539                29.0900
Purchase      56,711               29.0900
Purchase      6,653                19.5319
Purchase      12,499               19.9085
Purchase      1,874                19.7428
Purchase      5,400                29.0900
Purchase      50,000               19.8838
Purchase      14,047               29.0900
Purchase      1,254                29.0900
Purchase      6,238                29.0900
Purchase      7,218                29.0900
Purchase      25,583               29.0900
Purchase      1,803                19.7959
Purchase      5,809                29.0900
Purchase      21,046               29.0900
Purchase      86,408               29.0900
Purchase      50,198               29.0900
Purchase      134,740              19.9747
Purchase      4,911                29.0900
Purchase      1,927                29.0900
Purchase      426                  19.6241
Purchase      862,113              19.8565
Purchase      3,838                29.0900
Purchase      2,469                29.0900
Purchase      20,219               29.0900
Purchase      25,324               29.0900
Sale          1,252                19.7064
Sale          1,001                19.5176
Sale          12,499               19.9085
Sale          50,000               19.8838
Sale          2,200                19.8018
Sale          22,616               19.7930
Sale          622                  19.8160




 (b)  Derivatives transactions
 (other than options)

 Product     Long/Short    Number of Securities Price Per
 name,       (Note 6)      (Note 7)             Unit (GBP)
 e.g. CFD
 CFD         Long          22,616               0.2896
 CFD         Long          1,001                0.2855
 CFD         Long          2,200                0.2897
 CFD         Short         1,803                0.2896




    (b)  Options transactions in
         respect of existing securities

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

 NB. The following options
 transactions which were disclosed
 on 30/05/05 have been cancelled:

 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                         31 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