Crédit Agricole S.A.'s general shareholders' meeting was held on Wednesday 19 May 2004. It was chaired by René Carron, the bank's Chairman, and Jean Laurent, its Chief Executive Officer.

Nearly one thousand shareholders attended this meeting. With a quorum of 68%, the general meeting was able to vote on all the resolutions proposed, including the extraordinary resolutions. All these resolutions were passed, with between 94% and 99% of voting rights.

The net dividend for 2003 was set at € 0.55 (excluding tax credits) and will be payable from 28 May 2004.

During this meeting, the shareholders voted in favour of appointing the following directors:

Alain Dieval, Chief Executive Officer of the Caisse Régionale de Crédit Agricole* Nord de France
Daniel Lebegue, Chairman of the Institut Français des Administrateurs (French Institute of Directors)
Michel Michaut, Chairman of the Caisse Régionale de Crédit Agricole Champagne-Bourgogne.

The general shareholders' meeting also reappointed Messrs Pierre Bru, Yves Couturier, Pierre Kerfriden and Jean Le Brun as directors for a further three-year term.

*Caisse Régionale de Crédit Agricole: Crédit Agricole Regional Bank