London, 25 September 2008

Patrick de Fraguier will become Head of Strategy at Crédit Agricole Asset Management (CAAM), as of 1 October 2008.

Patrick de Fraguier has been deputy head of strategy at CAAM since 2006. Prior to this he was head of global balanced management (pension funds - mutual benefit societies and foundations) at CAAM for three years. From 1989 to 2003 he was head of euro fixed income management at Crédit Lyonnais Asset Management (CLAM).

Patrick de Fraguier began his career in 1986 as balance sheet manager at Société Européenne de Banque.

Born in 1961, Patrick de Fraguier holds a degree in political sciences from the Institut d'Etudes Politiques de Paris. He also holds a postgraduate diploma in law & banking from the University of Paris Sorbonne and in tax management from the University of Paris Dauphine. He is a member of the French Society of Securities Analysts (SFAF).

About Crédit Agricole Asset Management Group (CAAM Group)
CAAM Group is the asset management arm of Crédit Agricole group. With €471.4 billion (1) total assets under management as at 30 June 2008, CAAM Group is the 6th largest asset manager in Continental Europe (2). It is also N°1 in Europe (3) and N°1 in France (4) in mutual funds. It has over 2 282 employees including 589 investment professionals dedicated to portfolio management.
CAAM Group's subsidiaries offer a complete line of investment products for:

• the regional banking networks of Crédit Agricole, LCL and the international retail banking subsidiaries of Crédit Agricole group and,
• institutional investors, large corporate accounts and third-party distributors in France and abroad. CAAM Group is active in more than 20 countries (Europe, Asia-Pacific, North America, the Middle East and North Africa).
  
  www.caam.com

(1) Figures pro-forma after unwinding of the joint-venture with Intesa Sanpaolo S.p.A. which occurred the 27th of December 2007 (2) IPE - Top 400 European Asset Management Leaders, data as at December 2007, issued in July 2008 (3) Lipper - Mutual Funds registered in Europe - December 2007 (4) Europerformance, Mutual funds - March 2008