Press release Crédit Agricole S.A. to acquire the fund administration

Press release
Crédit Agricole S.A. to acquire the fund administration and custody
and private banking businesses of Achmea in Luxembourg
Paris, 14 September 2005
Crédit Agricole S.A. will acquire the fund administration and
custody and private banking businesses of Achmea in Luxembourg, with effect from 31 October
2005, under the terms of an agreement signed on 30 June 2005. At present, Achmea provides
these services through Banque Colbert (Luxembourg) S.A.
The fund administration and custody activity will be taken over by Crédit Agricole Investor
Services Bank Luxembourg. Further to an agreement signed on 30 June 2005 between Crédit
Agricole S.A. and Caisse Nationale des Caisses d’Epargne, Crédit Agricole Investor Services
Bank Luxembourg is now part of Crédit Agricole Caisse d’Epargne Investor Services (CACEIS). It
will shortly be renamed CACEIS Bank Luxembourg.
Crédit Agricole Luxembourg (Private Bank) will take over the private banking business, while
Crédit Agricole Luxembourg Conseil will acquire two other activities: financial engineering and
domiciliation.
In all, this operation affects 53 people, who will be re-assigned to other Crédit Agricole entities in
Luxembourg.
The deal will allow Achmea to focus on its insurance business. For Crédit Agricole S.A., the
acquisition is totally consistent with its international growth strategy.