Crédit Agricole S.A. held its general shareholders' meeting Wednesday 17 May 2006 in Paris - La Défense. The meeting was chaired by René Carron, the bank's Chairman, and Georges Pauget, its Chief Executive Officer. More than a thousand shareholders attended this meeting. With a quorum of 68.6%, the general meeting was able to vote on all the proposed resolutions, including extraordinary resolutions. All these resolutions were passed, with between 93% and 99% of voting rights. The net dividend for 2005 was set at €0.94, which will be payable as from 29 May 2006. During this meeting, the shareholders voted in favour of:

• appointing Bruno de Laage, Chief Executive Officer of the Caisse Régionale de Crédit Agricole* Anjou et Maine as director in replacement of Mr. Pierre Kerfriden;

• ratifying the Board of Directors' appointment of Jean-Roger Drouet, Chief Executive Officer of the Caisse Régionale de Crédit Agricole Toulouse et Midi Toulousain, as director in replacement of Mr. Jean-Claude Pichon. Additionally, the general shareholders' meeting reappointed: Mr. Noël Dupuy, Mrs. Carole Giraud, Mr. Roger Gobin, Mr. Bernard Mary, Mr. Jean-Pierre Pargade and SAS Rue La Boétie as directors for a further three-year term.