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Amundi CRÉDIT AGRICOLE GROUP OQ1 2021 Results Net income up sharply ( + 50 % vs. Q1 2020 and + 7 % vs. Q4 2020¹ ) Robust inflows² on MLT assets³ ( + € 9.8bn4 ) , particularly in Retail Results Business activity Adjusted net income¹ of € 309m ( + 50.1 % vs. Q1 2020 and + 7.1 % vs. Q4 2020 ) Net asset management revenues up by + 15.1 % vs. Q1 2020 , driven by management fees ( + 5.1 % vs. Q1 2020 ) and a high level of performance fees ( € 111m vs. € 42m in Q1 2020 ) Cost / income ratio of 48.8 % ¹ ( vs. 54.1 % in Q1 2020 ) AuM² of € 1,755bn at 31/03/2021 , up + 14.9 % year - on - year ( + 1.5 % for the quarter ) Robust inflows in MLT assets 3-4 : + € 9.8bn driven primarily by Retail ( + € 7.8bn ) Outflows in treasury products ( - € 18.6bn4 ) linked to the interest rate environment Positive momentum in JVs ( + € 3bn ) but outflows in Channel Business in China ( - € 7.0bn ) as expected Total net inflows of - € 12.7bn On 7 April 2021 , Amundi entered into exclusive negotiations with Societe Generale for the acquisition of Lyxor Lyxor This acquisition improves Amundi's key expertise , mainly in the fast - growing ETF market , and generates substantial value Completion of the transaction is expected no later than February 2022 Paris , 29 April 2021 Amundi's Board of Directors , chaired by Xavier Musca , convened on 28 April 2021 to review the financial statements for the first quarter of 2021 . Commenting on the figures , Yves Perrier , CEO , said : " Amundi recorded very good performances in the first quarter of 2021 : results improved substantially , inflows in MLT assets were strong and operational efficiency continued to improve . The strategic initiatives launched in 2020 ( the partnership with Banco Sabadell , the joint venture with Bank of China , and Amundi Technology ) are starting to bear fruits . The acquisition of Lyxor will be a new driver of growth . Such strong performances prove that , since its creation , Amundi's development strategy has been relevant , consistently implemented , and disciplined in its execution . This strategy has made Amundi the European leader and a recognised global player . As I prepare to hand over general management to Valérie Baudson , and succeed Xavier Musca as Chairman of the Board of Directors , I would like to thank Xavier for his support , and all of Amundi's employees for their contribution to the company's success . ” 1 Adjusted data : excluding amortisation of distribution contracts . See page 7 for definitions and methodology . 2 Assets under management and net inflows including Sabadell AM as of Q3 2020 , BOC WM as of Q1 2021 , include assets under advisory and assets marketed and take into account 100 % of the Asian JVs ' assets under management and net inflows . For Wafa in Morocco , assets are reported on a proportional consolidation basis . 3 Medium / Long - Term Assets : excluding treasury products . 4 Excl . JVs Amundi - Q1 2021 results 1/8