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               02 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         18,326,642    (3.69%)       325,040   (0.07%)
securities
(2) Derivatives          17,955    (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                20,260,550    (4.07%)    20,850,265   (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


(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      6,396                Transfer
Purchase      420                  Transfer
Purchase      22,222               29.1052
Purchase      20,000               29.6397
Purchase      8,903                29.1052
Purchase      180,000              29.6078
Purchase      30,000               29.6490
Purchase      744                  29.6000
Purchase      800                  29.7047
Purchase      744                  29.6000
Purchase      22,625               29.1052
Purchase      744                  29.6000
Purchase      180,000              29.6078
Purchase      1,712                29.6000
Purchase      2,000                29.6412
Purchase      744                  29.6000
Purchase      24,068               29.1052
Purchase      35                   29.6000
Purchase      1,069                Transfer
Purchase      181,145              29.6446
Purchase      10,422               29.6387
Purchase      1,488                29.6000
Sale          180,000              29.6078
Sale          43,686               29.6000
Sale          1,014                29.7219
Sale          12,422               29.6391
Sale          900                  29.6059
Sale          181,002              29.6447
Sale          240                  Transfer
Sale          4,016                29.5941
Sale          143                  29.62


(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          900                   29.61
CFD        Long          1,014                 29.72
CFD        Short         800                   29.70
CFD        Long          4,016                 29.59


(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                         05 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