CREDIT AGRICOLE SA: Newedge / Amundi - CASA has entered into exclusive negotiations with Société Générale

    CREDIT AGRICOLE SA: Newedge / Amundi - CASA has entered into exclusive
                      negotiations with Société Générale

                                                    Montrouge, 7 November 2013

                                Press release

                               Newedge / Amundi
   Crédit Agricole SA has entered into exclusive negotiations with Société
                                   Générale

Crédit Agricole  S.A.  today announced  that  it has  entered  into  exclusive 
negotiations with Société Générale concerning the following transactions:

  *The disposal by Crédit Agricole CIB of its 50% stake in the Newedge  Group 
    to Société Générale, their brokerage joint venture, for €275m. 

  *The concurrent acquisition by Crédit  Agricole S.A. from Société  Générale 
    of a 5% stake in Amundi, their jointly owned asset management company, for
    an amount of  €337.5m. Following this  acquisition, Crédit Agricole  would 
    own 80% of Amundi and Société Générale, 20%. This sale would not have  any 
    impact on the current  governance structure of  the company. Amundi  would 
    remain the leading provider of savings solutions across Societe Generale's
    retail banking networks.  Within the framework  of the transaction,  these 
    distribution agreements would be extended through the end of 2019 from the
    initial expiration date scheduled for the end of 2014. 

For Crédit Agricole S.A.,  the overall impact of  the transaction will have  a 
positive impact on the CET 1 ratio.

For Yves  Perrier,  Amundi's CEO,"Amundi  was  created  in 2010  based  on  a 
business model that aims to provide high-performance savings solutions to  the 
customers of  several partner  networks.  In three  years, Amundi  has  become 
number one in asset management in Europe with more than €750bn in assets under
management. The  extension of  distribution agreements  with Société  Générale 
confirms the  pertinence  of  this  business model  and  bolsters  the  growth 
ambitions of Amundi, a core business for the Crédit Agricole Group."

For Jean-Yves Hocher,  CEO of  Crédit Agricole  CIB, "the  completion of  this 
project would mark the final step of Crédit CIB's strategy launched in 2010 to
refocus  on  its  core  financing,  capital  markets  and  advisory   services 
businesses to support its key corporate and financial institution accounts."

The closing  of  the project  is  subject to  a  final agreement  between  the 
parties,  the  authorisation  of  the  relevant  regulatory  bodies  and   the 
consultation with the workers councils in France.

About Newedge

Newedge is a 50/50 joint venture between Société Générale and Crédit  Agricole 
CIB, focusing on global multi-asset  brokerage business, with a  world-leading 
position in the execution and clearing of listed derivative products.  Newedge 
is present across  85 financial  markets in  North America,  Europe and  Asia. 
Newedge  provides  a  wide  range  of   trade  and  post  trade  services   to 
institutional and  corporate  clients,  in particular  through  execution  and 
clearing services on  listed options  and futures contracts  on fixed  income, 
foreign exchange, equities and commodities and on OTC markets. For the first 9
months of 2013, Newedge generated a Net Banking Income of EUR 516m.

                               Press Contact:

                              CNC Communications
                     Louise Tingström +44 78 99 06 69 95
            louise.tingstrom@cnc-communications.com

                                  CASA SG UK

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              Source: CREDIT AGRICOLE SA via Thomson Reuters ONE
                                 HUG#1741252
 
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