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               01 JUNE 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%)       335,336   (0.07%)
securities
(2) Derivatives           16,200   (0.00%)         3,375   (0.00%)
(other than
options)
(3) Options and        1,915,953   (0.39%)    20,521,850   (4.13%)
agreements to
purchase/sell
Total                 19,985,937   (4.02%)    20,860,561   (4.19%)


(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


  (d)  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      1,992                28.8226
Purchase      384                  29.1002
Purchase      869                  28.3
Purchase      75,000               23.3100
Purchase      10,000               29.2412
Purchase      4,546                28.9937
Purchase      1,900                28.95
Sale          237                  29.1002
Sale          1,554                29.1002
Sale          416                  29.1002
Sale          1,680                29.1002
Sale          75,000               23.3100
Sale          965                  29.1002
Sale          4,100                28.9834
Sale          1,184                29.1002
Sale          1,900                28.95
Sale          426                  29.0200
Sale          398                  29.1002
Sale          640                  29.1002
Sale          3,717                29.1002
Sale          1,992                28.8226
Sale          1,239                29.1002
Sale          724                  29.1002



  (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        Short         4,546                 28.99
CFD        Long          4,100                 28.98


(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                         02 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