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CA CRÉDIT AGRICOLE Revenues Costs excluding SRF Gross operating income Cost of risk Net income Group share C / I ratio ( excl . SRF ) S.A. MAJOR INCREASE IN RESULTS ACROSS ALL BUSINESS LINES GROUP CA AND CREDIT AGRICOLE S.A. STATED AND UNDERLYING DATA Q2-2021 Robust commercial activity , sharp rise in earnings , high levels of profitability PRESS RELEASE - SECOND QUARTER AND FIRST HALF 2021 Phased - in CET1 CRÉDIT AGRICOLE GROUP Stated € 9,304m + 14.9 % Q2 / Q2 - € 5,536m + 9.9 % Q2 / Q2 € 3,756m + 27.2 % Q2 / Q2 - € 470m -61.1 % Q2 / Q2 € 2,770m + 86.8 % Q2 / Q2 59.5 % -2.7 pp Q2 / Q2 Underlying € 9,295m + 8.9 % Q2 / Q2 - € 5,504m + 9.4 % Q2 / Q2 € 3,779m + 11.2 % Q2 / Q2 - € 445m -63.1 % Q2 / Q2 € 2,367m + 32.6 % Q2 / Q2 59.2 % +0.3 pp Q2 / Q2 GROUPE CRÉDIT AGRICOLE CRÉDIT AGRICOLE S.A. Underlying € 5,829m + 12.4 % Q2 / Q2 CRÉDIT AGRICOLE GROUP Stated € 5,819m + 18.8 % Q2 / Q2 17.3 % stable June / March +8.4 pp above SREP requirements In EBA stress tests adverse scenario , CET1 at the top level of European G - SIBS - € 3,253m + 9.2 % Q2 / Q2 € 2,554m + 39.0 % Q2 / Q2 - € 279m -66.8 % Q2 / Q2 € 1,968m x2.1 Q2 / Q2 55.9 % -5.0 pp Q2 / Q2 Crédit Agricole S.A. STATED DATA Q2 2021 highest level since 2007 Stated result x2.1 Q2 / Q2 , including + € 353 million in specific items ( of which + € 925 million CreVal gross badwill ) UNDERLYING DATA Underlying net income up sharply : + 46.0 % Q2 / Q2 to € 1,615 million ; + 30 % vs pre - crisis level Gross operating income : + 21.9 % Q2 / Q2 : increase in revenues related to sustained activity and a positive market effect , increase in expenses related to the recovery and scope effect ( + 3.6 % Q2 21 / Q2-19 , excluding scope effect ) Cost of risk at 41 bp over four rolling quarters , coverage ratio up PROFITABILITY - € 3,221m + 8.3 % Q2 / Q2 Positive jaws effect , improvement in cost / income ratio : 55.3 % ( -2.1 pp Q2 / Q2 ) ; Underlying H1-21 ROTE at 13,6 % ¹ , 2,6 pp above the average of 10 major European banks for the past five years Constantly renewed organic growth potential ( insurance equipment rate up ) Very strong capital position at Group level € 2,596m + 21.9 % Q2 / Q2 - € 254m -72.0 % Q2 / Q2 € 1,615m + 46.0 % Q2 / Q2 55.3 % -2.1 pp Q2 / Q2 1 ROTE calculated on the basis of underlying net income Group share and annualised IFRIC 21 costs CRÉDIT AGRICOLE S.A. 12.6 % -0.1 June / March +4.7 pp above SREP requirements Application made for a second share buyback of up to € 500 million in Q4-21 1/53