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               19 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         20,136,161    (4.05%)        74,023   (0.01%)
securities
(2) Derivatives          55,900    (0.01%)             0   (0.00%)
(other than
options)
(3) Options and       1,665,953    (0.33%)    20,521,850   (4.13%)
agreements to
purchase/sell

Total                21,858,014    (4.40%)    20,595,873   (4.14%)


(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      2,000                19.1676 GBP
Purchase      6                    19.2321 GBP
Purchase      2,397                28.0900
Purchase      908                  28.0200
Purchase      451                  19.0754 GBP
Purchase      17,529               Transfer
Purchase      5,000                19.2594 GBP
Purchase      66,948               Transfer
Purchase      194                  19.0818 GBP
Sale          6                    19.2116 GBP
Sale          451                  19.0754 GBP
Sale          2,062                19.1873 GBP
Sale          506                  28.0900
Sale          2,000                19.1614 GBP
Sale          84,477               27.9052
Sale          232                  19.2321 GBP
Sale          66,948               Transfer
Sale          17,529               Transfer
Sale          6,317                28.0900
Sale          1,800                19.1531 GBP


(b)  Derivatives transactions (other than options)
Product name,    Long/Short     Number of          Price Per Unit
(e.g. CFD)       (Note 6)       Securities         (EUR)
                                (Note 7)
CFD              Short          2,000              28.056
CFD              Long           2,000              28.047
CFD              Long           1,800              28.034
CFD              Long           2,062              28.084



(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                         20 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