Crédit Agricole Home Loan SFH announces the convening of holders of certain of its Covered Bonds

CRÉDIT AGRICOLE HOME LOAN SFH
A société anonyme established under the laws of the Republic of France
having a share capital of €550,000,000
with its registered office at 12, place des Etats-Unis, Montrouge, France
437 667 371 RCS Nanterre

Press Release

Paris, April 1, 2016

Crédit Agricole Home Loan SFH announces the convening of holders of
certain of its Covered Bonds

Crédit Agricole Home Loan SFH hereby announces the convening of holders of seven series of outstanding Covered Bonds (listed in the table below) (the "Covered Bonds") to a general meeting in respect of the series to which their holding relates (each a "Bondholders' General Meeting").

Each Bondholders' General Meeting is convened on 21 April 2016 at the time referred to in the table below at 12, place des Etats-Unis, Montrouge, France, in order to consider certain amendments to the terms and conditions of the Covered Bonds, that would, if approved, make them soft bullet covered bonds. Consistent with an increasingly widespread market practice and with Crédit Agricole Home Loan SFH soft bullet covered bonds issuances dating back to 2014, these modifications would improve Crédit Agricole Home Loan SFH efficiency as a financing vehicle.

If the proposed amendments are approved by the Bondholders' General Meeting in respect of a particular series, Crédit Agricole Home Loan SFH will pay to any and all holders of that series a one-off cash amount in Euro of 0.05 per cent. of the nominal amount of the Covered Bonds held by such holders, whether or not such holders have voted in favour of the proposed amendments at the Bondholders' General Meeting.

The notices of meeting relating to each Bondholders' General Meeting are attached to this press release.

List of Covered Bonds subject to the consent