Jérôme Grivet, head of Strategy and Development and secretary to Crédit Agricole S.A.'s Executive Committee, has also been appointed to Calyon's Management Committee, where he will be responsible for overseeing the Corporate Secretary's Office and setting up an Organisation division. In addition, he will coordinate and prepare the work of Calyon's Executive Committee. Jérôme Grivet, 42, has been head of Strategy at Crédit Agricole S.A. since 2003. He spent the early part of his career in public service as a Treasury official and as the Prime Minister's Advisor on European Affairs. He joined Crédit Lyonnais in 1998 as the head of Finance and Management Control for its corporate banking division in France. In 2001, he became head of Strategy at Crédit Lyonnais. Jérôme Grivet is a graduate of the Essec business school and of the Institut d'Etudes Politiques in Paris. He is also a graduate of the ENA and an Inspecteur des Finances.

Jean Cédelle, who was previously deputy head of Control and Audit at Crédit Agricole S.A. and General Inspector at Crédit Lyonnais, has been appointed to Calyon's Management Committee as Head of Compliance. The Compliance and Financial Security departments will report to him in his new role. Mr Cédelle, 57, held several positions at the Ministry of the Economy and Finance, in particular at the Treasury and Audit departments, before joining Crédit Lyonnais in 1983, where he was responsible for the bank's American operations and for Clinvest (mergers and acquisitions). He was appointed General Inspector at Crédit Lyonnais in 1999. Jean Cédelle is a graduate of the Ecole Polytechnique, ENSAE and the Institut d'Etudes Politiques. He is an Inspecteur Général des Finances and Vice Chairman of the French Internal Audit Institute.

On July 1, Jean-Paul Mazoyer will join Calyon with responsibility for coordinating and overseeing all international network support functions. Since September 2002, Mr Mazoyer, 39, has been head of Lending and Risk at Crédit Agricole Ile de France. He began his career at Crédit Lyonnais Switzerland and then moved to Accenture. He joined Caisse Nationale de Crédit Agricole (CNCA) in September 1996 as head of Distribution within the retail marketing department. He then joined Crédit Agricole Ile de France in February 1998 as head of Marketing and Communications. Jean-Paul Mazoyer is a graduate of EM Lyon.