Q&A

The employee shareholder programme is part of a Group strategy and has the following objectives:

• to associate staff members with the Group’s performance by allowing them to benefit over the long term from the value created;
• to strengthen their commitment in order to promote development and our common strategy;
• to ensure ongoing development of the share of the capital of Crédit Agricole S.A. held by its employees.

The proposed formula is a “Classic” formula, which means that it involves a direct investment in the shares of Crédit Agricole SA:

• You will have the benefit of a 20% discount on the reference price;
• Your shares will be held on a personal account registered in your name;
• You will receive direct payment of any dividends paid out by Crédit Agricole S.A., which will contribute to your investment’s performance;
• Your assets will change in value both upwards and downwards, reflecting movements in the market price for Crédit Agricole SA shares. Your capital is not guaranteed.

The subscription price will be set on 23 June 2025. It will be equal to the average opening price of the Crédit Agricole SA share from 26 May to 20 June 2025, minus a 20% discount.

Eligible employees are all employees

• who have a contract of employment (irrespective of its type) with a participating company between 24 June and 8 July 2025, and
• who have at least 3 months’ seniority (from 1 January 2024) as of 8 July 2025.

Yes, if you do in fact have the required three months’ seniority as of that date.

N.B. 

• if you have not received a letter or email with your subscription codes, contact your HR manager to confirm that you are on the list of eligible persons;
• if you subscribe, the termination of your employment contract is not considered an early redemption event for the assets invested in the ACR 2025.

• The subscription is done online: click on “Subscribe” on the www.acr.credit-agricole.com site, log in with the identifier and your personal password, and complete the subscription page.
• As an exception, if you do not have access to the Internet, you can subscribe using a hardcopy form available on site; you should send it to your HR manager.

It must be received no later than 8 July 2025.

1. Click on “Subscribe” on the website at www.acr.credit-agricole.com.
2. Enter the login you have received and your chosen password.
3. Check the information shown on the “Personal Information” page. Add to or change this as necessary. Some information is required and is marked with an asterisk. You may wish to provide a personal email address for easier access to emails sent during the holiday period.
4. Complete the subscription screen with the number of shares you wish to subscribe for and confirm.
5. Indicate your acceptance of the general terms and conditions as displayed in a pop-up window.
6. Confirm your subscription.

You can click on the “I have lost my password” or “I have lost my login and password” link on the subscription website.

You can also contact Uptevia by e-mail at ct-acr@support.uptevia.com

Contact Uptevia on: ct-acr@support.uptevia.com

Two limits apply to each employee’s subscription. It cannot exceed either of the following two amounts

• 25% of your estimated gross pay for the year, and
• €40,000

A simulator is provided for you to check that the subscription you may wish to make is in fact compatible with these two limits.

Your annual gross pay comprises your annual salary, your allowances and your bonuses paid in an entity in Crédit Agricole in the current year (i.e. 2025) before deduction of social security contributions or taxes payable by you.

If you started working in the Group during the year, you must take account of the estimated gross pay you will receive in 2025 between the date on which you arrived and 31 December.

If you are leaving the Group after 24 June 2025 at a date that is already known, you must take account of the amount actually paid under your contract with the Group.

The minimum investment is a single share in Crédit Agricole SA.

Yes, on the subscription website: you can change your subscription up to the last day of the subscription period (8 p.m. on 8 July 2025, Paris time). You have to cancel your subscription on the site and then enter a new subscription. The subscription taken into account will be the last one entered and confirmed at the end of the subscription period.

No, if you subscribe by means of a paper form: you can send only one form. If you then want to change your subscription, you will need to do so via the Internet.

Please note that if you use both the Internet and paper for your subscription, only the Internet subscription will be taken into account.

The tax rules applicable to your investment are described in the Country Data sheet that can be found on this website. We urge you to look at this, especially where taxation relating to the share price discount is concerned: in Ireland this is covered by a beneficial tax regime. 

You can change your subscription application online up to 8 p.m. (Paris time) on 8 July 2025. Your order will however become firm and final on that date.

This is the date on which your shares become available: the date is 28 August 2030 for subscribers from Irish based Group companies, in order to take advantage of the beneficial tax regime applicable to the share price discount.

Valid cases for early redemption are described in the Country Data Sheet provided in the Documentation section of the website.

In the event your circumstances permit redemption, and you wish to take advantage of this, you should apply to your Human Resources manager. He/she will manage the process with Uptevia, the accounting office.

N.B. 

• in order to redeem sums invested under the ACR 2025, the causative event must have arisen after 8 July 2025; in any event, redemption is not possible before August 28 2025.
• in certain cases, the application must be made within six months of the causative event.

You remain the owner of your subscribed shares. Check whether resignation is considered a valid case for early release in your country by consulting the Country Fact Sheet available in the documentation section of the website.

This would change nothing where you are concerned; you would still hold your shares.

However, other than in the event of breach of your employment contract, it will not be considered a valid case for early redemption.

No, you can keep them on your account after that date and decide when to sell them.

No entity or representative of Crédit Agricole is authorized to provide advice regarding this subscription.
The decision whether or not to subscribe and the amount subscribed will depend on the individual’s situation and his or her appetite or aversion for risk.