Paris, 14 May 2009 - Crédit Agricole S.A.'s board of directors, chaired by René Carron, met on 13 May 2009 to approve the results for the first quarter of 2009.

Drawing on the lessons learned from the financial crisis and having completed most of the restructuring of its main business lines, Crédit Agricole S.A. chose to focus on its ability to generate recurring and solid earnings...

Overall, net income - Group share came to €202 million. Excluding corporate and investment banking discontinuing activities, net income - Group share was €618 million, reflecting the solid performance of all of the Group's business lines.

After the Board meeting, René Carron, Chairman, and Georges Pauget, Chief Executive Officer, commented: "Drawing on the lessons learned from the financial crisis and having completed most of the restructuring of its main business lines, Crédit Agricole S.A. chose to focus on its ability to generate recurring and solid earnings".

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