Paris, 27 October 2009 - Crédit Agricole S.A. has confirmed that it has begun consultations with a view to selling its retail banking subsidiary Credit Uruguay Banco.

These consultations are part of Crédit Agricole S.A.'s drive to refocus its retail banking operations on Europe and the Mediterranean area announced with the capital increase in 2008.

Crédit Agricole S.A. has established contact with the country's financial authorities for this purpose.