SOURCE: CREDIT AGRICOLE SA

September 16, 2008 13:17 ET

CREDIT AGRICOLE SA : press release

PARIS--(Marketwire - September 16, 2008) - Following the announcement by Lehman Brothers Holdings Inc that it was filing for Chapter 11 bankruptcy protection, the Crédit Agricole SA group hereby provides information on its exposure to the Lehman Brothers group:

Crédit Agricole S.A. group's credit exposure to the Lehman Brothers group is less than EUR 20 million.

Crédit Agricole S.A. group does not hold any bonds issued by the Lehman Brothers group.

The Lehman Brothers group is a counterparty of Crédit Agricole S.A. group in collateralised market transactions. Under prevailing market conditions, as of today, the cost of the possible replacement of these positions is estimated at less than EUR 250 million.

Contacts

Press contacts

Crédit Agricole S.A.

Anne-Sophie Gentil ( +33 (0) 1 43 23 37 51

Stéphanie Ozenne ( +33 (0) 1 43 23 59 44

M: Communication

Louise Tingstroem ( +44 (0) 789 906 6995

Investor relations

Denis Kleiber (+33 (0) 1 43 23 26 78

Philippe Poeydomenge de Bettignies ( +33 (0) 1 43 23 23 81

Brigitte Lefebvre-Hebert (+33 (0) 1 43 23 27 56

Annabelle Wiriath ( +33 (0) 1 43 23 40 42

This information is provided by HUGIN

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