Crédit Agricole in EMTN Offerings Totaling €1.2 Billion

Cleary Gottlieb represented Crédit Agricole S.A. in offerings under its recently updated €25 billion EMTN Program of $20 million fixed rate notes due October 2007, £150 million fixed rate notes due December 2010 and €900 million floating rate notes due from April to October 2007. The £150 million fixed rate notes and €900 million floating rate notes are listed on the Luxembourg Stock Exchange. The offerings closed between October 7 and October 19.

Crédit Agricole is the lead bank of the Crédit Agricole Group, France’s largest bank and one of the world’s largest banks based on shareholders’ equity. Crédit Agricole acts as the central bank of the Crédit Agricole Group, and coordinates the Group’s sales and marketing strategy, ensures the liquidity and solvency of each Group entity and designs and manages specialized financial products distributed primarily by regional branches. The Group’s business segments include French and International retail banking, specialized financial services, asset management, insurance, corporate and investment banking and private banking. Crédit Agricole is listed on the Paris Stock Exchange.