Credit Agricole S.A. announced the redemption with effect on July 18, 2023 of all of its outstanding JPY 8,300,000,000 Callable Subordinated Fixed to Floating Rate Notes issued on July 18, 2018 and due July 2028 (ISIN: XS1857120528) pursuant to Condition 6(e) (Redemption at the Option of the Issuer) of the Terms and Conditions of the Notes included in the prospectus dated April 9, 2018, which was granted the visa ndeg18-123 by the Autorite des mar mar marciers on April 9, 2018 at the outstanding nominal amount thereof, together with any accrued interest thereon. On the redemption Date, the redemption Amount shall become due and payable and, in accordance with Condition 5(h) (Accrual of Interest) of the Terms and Conditions, unless the redemption Amount is improperly withheld or used, each Note shall cease to bear interest on the redemption Date. The holders of the Notes will receive formal notice of the redemption in accordance with the Terms and conditions.