Paris, 15th January 2010 - The propesed real-estate master plan for the Evergreen site of Montrouge was presented yesterday to the works councils of Crédit Agricole SA, Crédit Agricole Private Equity (CAPE), CA Leasing, Eurofactor, Calyon and CA Cheuvreux. The project also concerns Crédit Agricole Capital Investissement et Finance (CACIF) and Crédit Agricole Immobilier.

The project determines which teams will be based at Montrouge and the order in which they will move there. The site will ultimately be able to accommodate 150,000 m2 of office space. Subject to the works' committees' opinion, which will be announced in the coming weeks, the entities concerned will transfer to Montrouge in three stages.

The first stage concerns the senior management of Crédit Agricole S.A. and the following teams (except for staff based at Saint-Quentin):

• Crédit Agricole S.A.

• Crédit Agricole Immobilier

• Crédit Agricole Private Equity (CAPE)

• Crédit Agricole Capital Investissement et Finance (CACIF)

Starting September 2010 these teams will set up office in the first 40,000 m2 zone, which has already been completed.

In the second stage, scheduled for end-2011, teams from CA Leasing and Eurofactor will be transferred.

The third stage, beginning in June 2013, will concern teams from Calyon and CA Cheuvreux currently based at La Défense (staff at Saint-Quentin are not affected).

The main aim of bringing teams together on the same site - designed as a "campus" on the immediate outskirts of Paris - is to strengthen cooperation between them and ultimately create a more efficient workspace. The goal is to provide all members of staff with a high quality of life and better working conditions.

The choice of an environmentally responsible facility, featuring low energy consumption buildings, four hectares of greenery, etc., is consistent with the Group's sustainable development philosophy. Fifty per cent of the campus's surface area will be set aside for landscaped gardens.

The economic rationale behind the project is based on optimising the use and price of office space, thus sharply reducing the Group's real-estate costs.

As part of the project, a mobility support plan will be negotiated with employee representative bodies in the coming weeks.