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Crédit Agricole S.A.Update of the Registration document 2011 - A03CORPORATE CENTREIncome statement• Revenues: - €503m in Q2-12 vs +€43m inQ2-11• Impairment of Intesa Sanpaolo shares: €427m€m Q2-12 Q2/Q2 H1-12 H1/H1Revenues (503) nm (214) (22.0%)Funding costs (538) (4.5%) (1,080) (2.0%)Financial management (207) nm 513 (7.7%)Other 242 x2.2 353 29.7%• As a reminder, in Q2-11, significant increase ofthe financial management revenues due to thehigh profitability of inflation-indexed assets• Expenses down 5.7% YoY in H1Operating expenses (214) (15.4%) (437) (5.7%)Gross operating income (717) x3.4 (651) (11.7%)Cost of risk (20) (58.3%) (10) (76.3%)Operating income (737) x2.9 (661) (14.7%)Equity affiliates (24) nm (52) nmNet income on other assets 2 x2.3 (4) x6.1Income before tax (759) x3.0 (717) (7.5%)Tax 61 (51.2%) 4 (98.5%)Net income Group share (739) x4.4 (800) +30.8%53SECOND QUARTER AND FIRST HALF 2012 RESULTSTRENDS IN RISKRisk weighted assets per business line€bn Dec 11 June 12French retail banking 38.7 39.1- Regional Banks -* 1.0- LCL 38.7 38.1International retail banking 59.6 59.9Specialised financial services 56.7 54.0Asset management, insurance, private banking 15.3 16.7Corporate and investment banking 140.1 111.6- Financing activities 69.5 66.3- Capital market and investment banking 41.5 38.4- Discontinuing operations 29.1 6.9Corporate centre 23.3 20.9Total 333.7 302.2Of which credit risk 277.8 271.2Of which market risks 32.8 8.1Of which operational risks 23.1 22.9* Implementation of Switch guarantees at 23/12/2011 transferring to the Regional Banks the RWAs relative to Crédit Agricole S.A.’s stake in the Regional Banks54SECOND QUARTER AND FIRST HALF 2012 RESULTSPage 54 sur 237