CREDIT AGRICOLE SA

2020 SHARE CAPITAL INCREASE RESERVED FOR EMPLOYEES OF THE CRÉDIT AGRICOLE GROUP - Seite 3

The beneficiaries of the Offer are employees having a seniority of more than 3 months on the last day of the subscription period, acquired consecutively or not since January 1, 2019, with the entities comprised in the Scope of the Offer, subject to applicable local regulations, as well as eligible retirees of French entities (the “Employees”).

The “Scope of the Offer” includes:

• the Company;
• the entities and groups which are comprised in the scope of consolidated accounts of the Company pursuant to Article L. 233-16 of the French Commercial Code (Code de Commerce), at the latest on the day before the opening of the subscription period, the scope of implementation of the offering being extended to entities having their registered office (i) in France or (ii) Germany, Egypt, Spain, United States of America, Hong Kong, Ireland, Italy, Japan, Luxembourg, Monaco, Netherlands, Poland, Portugal, United Kingdom, Serbia, Singapore and Switzerland, provided they are held directly or indirectly at least 50% by the Company and subject to legal and tax provisions applicable in the countries concerned;
• the Caisses régionales de Crédit Agricole Mutuel ;
• the companies controlled by the Caisses régionales de Crédit Agricole Mutuel, whether directly or indirectly, the scope of implementation of the offering being extended to entities having their registered office in (i) France and (ii) Spain, Luxembourg and Switzerland, subject to the legal and tax provisions applicable in the countries concerned;
• the entities controlled by the Company and/or the Caisses régionales de Crédit Agricole Mutuel pursuant to Article L. 225-180 of the French Commercial Code (Code de Commerce) and Articles L. 3344-1 and L. 3344-2 of the French Labor Code (Code du Travail) having their registered office in France;

subject to the condition that (i) the entities listed above have set-up a company savings plan (plan d’épargne entreprise) or have joined one of company savings plans, group savings plans (plan d’épargne groupe) or the international group savings plan (PEEGI) allowing participation in the Offer and (ii) applicable local rules and regulations are observed.