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CREDIT AGRICOLE SA : Crédit Agricole S.A. announces completion of Emporiki sale to Alpha Bank

  CREDIT AGRICOLE SA : Crédit Agricole S.A. announces completion of Emporiki
                              sale to Alpha Bank

                                                    Montrouge, 1 February 2013

                                Press release

   Crédit Agricole S.A. announces completion of Emporiki sale to Alpha Bank

Crédit Agricole S.A. today announced the completion of its sale of the  entire 
share capital of Emporiki to Alpha Bank.

After the  sale, Crédit  Agricole  S.A. will  not  provide Emporiki  with  any 
further funding,  taking  into  account the  transactions  carried  out  since 
September 2012, in particular Crédit Agricole  CIB's acquisition of a USD  1.4 
billion shipping portfolio.

Completion of the  sale results in  a slightly positive  impact on the  Crédit 
Agricole S.A.'s consolidated financial statements  for the 4^th quarter  2012, 
which will be published on 20 February 2013.

In line with the  guidance already given, Crédit  Agricole S.A. confirms  that 
the sale of Emporiki will assist it in reaching the solvency ratio targets  of 
Crédit Agricole Group. It forms part of the Group's strategy of  strengthening 
its financial structure and refocusing its business activities.

Jean-Paul  Chifflet,  Chief  Executive   Officer  of  Crédit  Agricole   S.A., 
commented: "The sale of Emporiki to Alpha Bank is not only a positive step for
Crédit Agricole, but also for the  Greek financial sector, which is  currently 
restructuring. The deal will give Emporiki the best opportunity to pursue  its 
goals in the new Greek banking landscape."

                                 Emporiki -UK

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              Source: CREDIT AGRICOLE SA via Thomson Reuters ONE
                                 HUG#1675135
 
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