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               22 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         20,404,515    (4.10%)         70,023  (0.01%)
securities
(2) Derivatives          51,900    (0.01%)          1,432  (0.00%)
(other than
options)
(3) Options and       1,478,755    (0.30%)     20,521,850  (4.13%)
agreements to
purchase/sell

Total                21,935,170    (4.41%)     20,593,305  (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      250                  28.0550
Purchase      649                  19.6611 GBP
Purchase      703                  28.5068
Purchase      769                  28.5068
Purchase      1,000                19.6856 GBP
Purchase      1,693                28.5068
Purchase      3,212                19.6297 GBP
Purchase      4,079                19.5653 GBP
Purchase      6,932                28.5068
Purchase      7,921                28.5068
Purchase      46,521               19.6061 GBP
Purchase      59,198               19.5613 GBP
Purchase      63,737               19.5613 GBP
Sale          281                  28.4500
Sale          659                  19.6507 GBP
Sale          1,182                19.5613 GBP
Sale          3,212                19.6297 GBP
Sale          6,646                19.4926 GBP
Sale          7,335                28.4500
Sale          10,382               28.4500
Sale          15,000               19.5613 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          1,000              28.631
CFD              Short          4,079              28.456


(c)Options transactions in respect of existing securities



(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                         23 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