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Rule 8.3- (Low & Bonar)

9th Dec 2005 15:27

Credit Agricole S.A.09 December 2005 FORM 8.3 DEALINGS BY PERSONS WITH INTERESTS IN SECURITIES REPRESENTING 1% OR MORE (Rule 8.3 of the City Code on Takeovers and Mergers) 1. KEY INFORMATION Name of person dealing (Note 1) CREDIT AGRICOLE S.A.Company dealt in LOW & BONAR PLCClass of relevant security to which the dealings ORDINARY SHARES (SEDOL 0536301)being disclosed relate (Note 2)Date of dealing 08/12/05 2. INTERESTS, SHORT POSITIONS AND RIGHTS TO SUBSCRIBE (a) Interests and short positions (following dealing) in the class of relevantsecurity dealt in (Note 3) Long Short Number (%) Number (%)(1) Relevant securities 1,097,980 1.095%(2) Derivatives (other than options) 1,097,980 1.095%(3) Options and agreements to purchase/sellTotal 1,067,980 1.07% 1,067,980 1.07% (b) Interests and short positions in relevant securities of the company, otherthan the class dealt in (Note 3) Class of relevant security: Long Short Number (%) Number (%)(1) Relevant securities(2) Derivatives (other than options)(3) Options and agreements to purchase/sellTotal (c) Rights to subscribe (Note 3) Class of relevant security: Details 3. DEALINGS (Note 4) (a) Purchases and sales Purchase/sale Number of securities Price per unit (Note 5)Purchase 10,000 £1.28Purchase 5,000 £1.275 (b) Derivatives transactions (other than options) Product name, Long/short (Note Number of securities Price per unite.g. CFD 6) (Note 7) (Note 5) CFD Short 10,000 £1.28CFD Short 5,000 £1.275CFD Long 10,000 £1.28CFD Long 5,000 £1.275CFD Short 10,000 £1.28CFD Short 5,000 £1.275 (c) Options transactions in respect of existing securities (i) Writing, selling, purchasing or varying Product Writing, Number of Exercise Type, e.g. Expiry Optionname,e.g. selling, securities price American, date money paid/call purchasing, to which European receivedoption varying etc. the option etc. per unit relates (Note 5) (Note 7) (ii) Exercising Product name, e.g. Number of securities Exercise price per unit (Note 5)call option (d) Other dealings (including new securities) (Note 4) Nature of transaction (Note 8) Details Price per unit (if applicable) (Note 5) 4. OTHER INFORMATION Agreements, arrangements or understandings relating to options or derivatives Full details of any agreement, arrangement or understanding between the persondisclosing and any other person relating to the voting rights of any relevantsecurities under any option referred to on this form or relating to the votingrights or future acquisition or disposal of any relevant securities to which anyderivative referred to on this form is referenced. If none, this should bestated. .............................................................................. .............................................................................. Is a Supplemental Form 8 attached? (Note 9) /NO Date of disclosure 09/12/05Contact name Andrew FountainTelephone number 0207 214 5177If a connected EFM, name of offeree/offeror with N/Awhich connectedIf a connected EFM, state nature of connection N/A(Note 10) Notes The Notes on Form 8.3 can be viewed on the Takeover Panel's website atwww.thetakeoverpanel.org.uk This information is provided by RNS The company news service from the London Stock Exchange

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