Results for the fourth quarter and full year 2014

Strength of Crédit Agricole Group confirmed

French retail banking showed good resilience
Other business lines continued to grow
Expenses decreased further
Cost of risk dropped sharply
Solvency further strengthened

Crédit Agricole Group*

Net income Group share 2014: €4,920 million euros
Net income Group share 2014 (excluding specific items(1)): €6.0 billion euros
Fully-loaded Basel 3 CET1 ratio: 13.1% (+180bps / Jan. 14)
* Crédit Agricole S.A. and Regional Banks at 100%

Crédit Agricole S.A.

Net income Group share Q4-14: €697 million euros(+13.0% / Q4-13)
Net income Group share 2014: €2,340 million euros (-6.8% / 2013)
Net income Group share 2014 (excluding specific items(1)): €3.3 billion euros
Fully-loaded Basel 3 CET1 ratio: 10.4% (+190bps / Jan. 14)
Proposed dividend: €0.35 euro per share

NB: Throughout the whole document, 2013 data has been restated for equity-accounted entities consolidated under proportionate method in 2013 and the reclassification under IFRS5 of Crelan.
1 Excluding the change in the CVA/DVA methodology, FVA Day one, DVA running, loan hedges, issuer spreads, revaluation of Bank of Italy shares, share of net income of BES

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