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21 RAPPEL_T1CORPORATE GOVERNANCE AND INTERNAL CONTROLStatutory Auditors’ r eportStatutory Auditors’ r eportprepared in a ccordance with article L. 225-235 of the Code de commerce on the r eport preparedby the Chairman of the Board of Directors of Crédit Agricole S. A. on internal control proceduresrelating to the preparation and processing of financial and accounting i nformationThis is a free translation into English of a report issued in the French language and is provided solely for the convenience of English speaking readers.This report should be read in conjuntion with, and construed in accordance with, French law and professional auditing standards applicablein France.Year ended 31 December 2007To the Shareholders:In our capacity as Statutory Auditors of the Company Crédit Agricole S. A., and in accordance with article L. 225-235 of the French companylaw (Code de commerce), we report to you on the report prepared by the Chairman of your company in accordance with article L. 225-37 ofthe French company law (Code de commerce) for the year ended 31 December 2007.It is the Chairman’s responsibility to give an account in his report, notably of the conditions in which the duties of the Board of Directors areprepared and organised and the internal control procedures in place within the Company.It is our responsibility to report to you our observations on the information set out in the Chairman’s report on the internal control proceduresrelating to the preparation and processing of financial and accounting information.We performed our procedures in accordance with professional guidelines applicable in France. These require us to perform procedures toassess the fairness of the information set out in the Chairman’s report on the internal control procedures relating to the preparation andprocessing of financial and accounting information. These procedures notably consisted of:• gain an understanding of the internal control procedures relating to the preparation and processing of financial and accounting informationunderlying the information presented in the Chairman’s report and of existing documentation;• gain an understanding of the work involved in drawing up such information and of existing documentation;• determining whether any major internal control deficiencies in connection with the preparation and processing of financial and accountinginformation that we may have identified in the course of our assignment have been properly disclosed in the Chairman’s report.On the basis of this work, we have no matters to report in connection with the information regarding the Company’s internal controlprocedures relating to the preparation and processing of financial and accounting information contained in the Chairman’s report, preparedin accordance with article L. 225-37 of the Code de commerce.Neuilly-sur-Seine, 19 March 2008The Statutory AuditorsPricewaterhouseCoopers AuditGérard HautefeuilleERNST & YOUNG et AutresValérie Meeus34 I Crédit Agricole S.A. I Registration d ocument 2007