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Crédit Agricole S.A.Update of the Registration document 2011 - A03LIQUIDITY AND REFINANCINGShort term funding*• Crédit Agricole Group gross short term debtat 30 June 2012: €127bn• Surplus cash position with overnight deposits withCentral banks of €17bn in EUR and USDBreakdown of ST debt at end June2012 by currencyUSD21%Other3%GBP8%JPY 3% CHF 2%• Dollar position stable compared to 31 March 2012- Percentage of debt from USA: 5% of gross short-term debt- Percentage of debt in US dollars: 21% of gross short-termdebtEUR63%Breakdown of ST debt at end June 2012by countryJapan; 3%Switzerland; 4%UnitedKingdom;3%Ireland; 6%Benelux;4%UnitedStates; 5% Russia; 0% Germany;1%France;54%* Outstanding debt within 370 days raised by the Group’s main treasury departments from marketcounterpartiesOther; 20%31SECOND QUARTER AND FIRST HALF 2012 RESULTSLIQUIDITYMedium and long term funding• Crédit Agricole S.A. 2012 MLT market programme*(€12bn) exceeded at 15 August 2012• Programme 138% completed including issues carriedout at end-2011 above the 2011 programme• Programme 102% completed with funds raised since1 January 2012 (€12.2bn)• Average term: 6.8 years• Average spread vs. mid-swap: 132 bp• Access to additional funding, namely via customernetworks• Crédit Agricole S.A. bond issues through the RegionalBank branch networks: €2.5bn at 30 June 2012• LCL and Cariparma issues through their branchnetworks: €3.3bn at 30 June 2012• CACIB (mainly structured private placements): €2.6bnat 30 June 2012• CACF: €1.2bn at 30 June 20122012 MLT funds raised by Crédit AgricoleS.A. on the markets by segment at 15 August2012Collateralisedpublic issues30%15%55%H1-12 MLT funds raised by main CréditAgricole Group entitiesCréditAgricoleS.A.network12,4%CACIB12,9%Cariparmanetwork14,1%CACF6,0%LCLnetwork2,1%CréditAgricoleS.A.market52,5%Publicsenior issuesPrivate placements32* Refinancing with an initial term of over 370 daysSECOND QUARTER AND FIRST HALF 2012 RESULTSPage 43 sur 237