The board of directors of Crédit Lyonnais S.A., which met on 3 November 2005, has made the following appointments:

Georges Pauget, Chief Executive Officer of LCL - Le Crédit Lyonnais - since December 2003, is to replace Jean Laurent as Chairman of LCL.
Mr Pauget is also Chief Executive Officer of Crédit Agricole S.A.

Christian Duvillet has been appointed Chief Executive Officer of LCL.
Mr Duvillet was appointed Deputy Chief Executive Officer of LCL in September 2005, having been a director since 2003.
Aged 56, Mr Duvillet has a degree in political science and a master's degree in law. Before joining the Executive Committee of LCL, he was Chief Executive Officer of Caisse Régionale de Crédit Agricole d'Aquitaine. After starting his career with the Société Générale group, Christian Duvillet joined Crédit Agricole in 1976, where he held senior management roles within various Regional Banks.

In addition, Pascal Célérier, Chief Executive Officer of Caisse Régionale du Crédit Agricole d'Ile de France, has been co-opted as director of LCL.