Calyon at a Glance 2007

CALYON LONDON: ROLE & STRATEGY  Role of Calyon London :  UK Franchise: Providing UK and Irish clients with financing, structuring and hedging solutions.  Platform for the Calyon Group: Capital Markets: Fixed Income products. Structured Finance: Shipping, Project Finance, Structured Commodities Finance.  Strategy by client type : Leveraging Calyon’s expertise in the following sectors : Energy Telecom Transport Corporates Insurance Companies Hedge Funds / Asset Managers Financial Institutions Develop our activity on this segment Financial Sponsors  Strategy by Product :  Strengthening our structured products offer (Interest Rates Derivatives, Equity Derivatives).  Enhancing Debt Capital Markets products offer.  Developping UK M&A advisory services.

CALYON LONDON: ORGANISATION Local Head of Product Line or Department Local Senior Management Global Head of Product Line or Department Calyon London Management Committee Chaired by Senior Country Officer Review of business and control issues. Monitoring of Group and London strategy Geographic reporting line Local reporting line CALYON Clients belong to Calyon NOT to a specific product line Coverage is in charge of client relationship management Business organisation People organisation

CALYON LONDON: MANAGEMENT COMMITTEE Régis MONFRONT, Senior Country Officer, [Chair] Guy LAFFINEUR, Global Head of Fixed Income Markets Jérôme LALOURCEY, Chief Operating Officer London Senior Management Robert BONFIELD, Head of UK Financial Sponsor Group Robert DOLLERY, Head of Financial Institution Group Rupert DOUGALL, Corporate Coverage Alain FANAIE, Global Head of Structured Commodity Finance Carol SHYMANSKI, Global Head of Loan Syndication Financing Activities Andrew COLE, Local Capital Markets Manager Loïc FERY, Global Head of Credit Markets & CDO Vincent LECLERCQ, Deputy Global Head of Forex Jean-Pierre SOTO, Head of Sales EMEA Edward WILLEMS, Co-Global Head of Interest Rates Derivatives Capital Markets Thibaud DE BARMON, Head of Capital Markets Operations Nigel CARTER, Head of Human Resources Jean-Luc EYMERY, Senior Country Compliance Officer Matthieu GIOVACHINI, Chief Risk Officer Janet HAYNES, Global Head of Capital Markets Legal Dorai SUBRAMANIAN, Head of IT Capital Markets Support Functions

CALYON LONDON AT A GLANCE Calyon London 2006 Net Banking Income Total: € 662 M Weight of the London branch within Calyon 2006 Net Banking Income Total : €5.5 Bn

CREDIT AGRICOLE S.A. GROUP IN THE UK: Headcount Crédit Agricole S.A. Group in the UK as at 31/12/06 Total : 1475 employees

CALYON PRINCIPLES / VALUES Open to feedback Assume responsability for one’s actions Learn from mistakes Self-question Take initiative Continually improve ways of working Innovate Be proactive Share information with one ’s team Contribute to cross- functional projects Build a strong internal network Deliver what is promised Respect the code of conduct Develop personal professionalism