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               31 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)





(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


  (f)  Rights to subscribe (Note 3)

Class of relevant security:   Details



3.   DEALINGS (Note 4)

  (c)  Purchases and sales
Purchase/sale Number of Securities Price per unit
                                   (EUR)
Purchase      358,572              28.7900
Purchase      25,910               29.0621
Purchase      15,000               29.0242
Purchase      2,651                Transfer
Purchase      873                  29.03
Purchase      369                  29.18
Purchase      27,623               29.0625
Purchase      4,095                29.0958
Purchase      806                  29.0900
Purchase      1,307                29.0900
Purchase      5,104                29.0900
Purchase      100                  29.0774
Purchase      2,214                28.8035
Purchase      26,208               29.0370
Purchase      2,048                28.46
Sale          1,981                29.1026
Sale          18,221               29.0900
Sale          25,970               29.1026
Sale          449                  29.0900
Sale          28,256               28.9951
Sale          21,500               29.1543
Sale          650                  29.1026
Sale          2,567                29.0900
Sale          439                  29.0900
Sale          835                  29.1026
Sale          111                  29.0900
Sale          1,512                29.1026
Sale          2,048                28.3972
Sale          11,400               29.2076
Sale          2,362                28.8005
Sale          161                  29.0900
Sale          2,300                28.9229
Sale          5,927                29.1026
Sale          3,459                29.0900
Sale          11,427               29.1026
Sale          269                  29.0900
Sale          3,625                29.1026
Sale          76,300               28.9143
Sale          407                  29.0900
Sale          478                  29.1026



 (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          11,400               29.21
 CFD         Long          2,300                28.92
 CFD         Short         4,095                29.10
 CFD         Short         2,214                28.80
 CFD         Short         358,572              28.79


 (c)Options transactions in respect
 of existing securities

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





 (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 (EUR)
                varying etc.      relates (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                         01 June 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