APPOINTMENT

Olivier Bélorgey has recently been appointed Head of FinancialOperations of Crédit Agricole S.A., reporting to Bernard Delpit, Group FinanceDirector.

Olivier Bélorgey began his career at Crédit Lyonnais in 1991 within theCapital Markets division where, after having developed option pricing models,he became Head of French bond options trading.

In 1995, he joined the Assets/Liabilities Management (ALM) unit of theFinance department in order to manage the bank’s balance sheet interest raterisk. In 1999 he was appointed Head of professional retail clients withresponsibility for a group of bank branches before joining the Human Resourcesdepartment as Head of HR policies in 2001.

He joined Calyon as Head of Management Control after its creation in2004. Olivier Bélorgey has been Head of ALM at Calyon since 2007 and of CPMsince March 2009.

Born in 1964, Olivier Bélorgey is a graduate of Ecole Polytechnique andhas an advanced degree (DEA) in Condensed Matter Physics and a PhD.