Milano, 16 December 2002

IntesaBci informed Crédit Agricole of its commitment to participate in the bid for the whole ordinary share capital of Crédit Lyonnais with its entire equity investment - equal to 12,701,280 ordinary shares (3.691% of share capital) - having a book value of approximately € 395 million.


IntesaBci would make an estimated capital gain from the sale of its stake in Crédit Lyonnais of approximately € 300 million, also taking into account - as set forth in the Offer - the price struck by the Crédit Agricole shares as at December 13th, 2002.