Milan, 6 February 2008

Following the unwinding of the joint venture between Intesa Sanpaolo S.p.A. and Crédit Agricole, Crédit Agricole Asset Management SGR today unveiled its new organisational structure.

Crédit Agricole Asset Management SGR is the largest foreign asset manager in Italy, with more than 26 billion euros under management. It is a subsidiary of Crédit Agricole Asset Management Group (CAAM Group), a leading player in the European investment industry.

In addition to its core business of managing mutual funds and SecondaPensione, an open-ended pension fund, Crédit Agricole Asset Management SGR operates through the following companies :

• Crédit Agricole Alternative Investment Products Group SGR (CA AIPG SGR), Italy's second-largest firm in the field of multi alternative investment management;

• CAAM Real Estate Italia SGR, which manages notably two property funds: CAAM RE Italia and CAAM RE Europa;

• Selezione e Distribuzione SIM, a specialist distributor