#1Investor Presentation | November 2021 Amundi, the European leader in asset management Confidence must be earned Amundi CRÉDIT AGRICOLE GROUP#22 This presentation may contain projections concerning Amundi's financial situation The figures provided do not constitute a "forecast" as defined in Commission Delegated Regulation (EU) 2019/980. and results. This information is based on scenarios that employ a number of economic assumptions in a given competitive and regulatory context. As such, the projections and results indicated may not necessarily come to pass due to unforeseeable circumstances. The reader should take all of these uncertainties and risks into consideration before forming their own opinion. The figures presented were prepared in accordance with IFRS guidelines as adopted by the European Union and applicable as of this date. The information contained in this presentation, to the extent that it relates to parties other than Amundi or comes from external sources, has not been independently verified, and no representation or warranty has been expressed as to, nor should any reliance be placed on, the fairness, accuracy, correctness or completeness of the information or opinions contained herein. Neither Amundi nor its representatives can be held liable for any negligence or loss that may result from the use of this presentation or its contents, or anything related to them, or any document or information to which the presentation may refer. Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#3Contents 1. Amundi, the European leader in asset management slide 4 2. Business activity and results in Q3 2021 slide 18 3. ESG 4. Strategic Roadmap 5. Planned acquisition of Lyxor 6. Amundi Technology slide 33 slide 37 slide 40 slide 49 7. Growth drivers in Europe and Asia slide 54 Appendices Contact and details 3 | Amundi Investor Presentation - November 2021 slide 61 slide 72 Amundi CRÉDIT AGRICOLE GROUP#401 Amundi, the European leader in asset management Amundi 4 Amundi Investor Presentation - November 2021 CRÉDIT AGRICOLE GROUP#5Amundi: European leader with a global dimension The #1 European asset manager and in the top 10 worldwide, with > €1,800bn in AuM A customer- focused organisation built around two customer segments: retail and institutional A comprehensive offering in active and passive management, in traditional and real assets An efficient industrial model with one of the lowest cost income ratio in the sector 4,800 (1) employees More than 35 cour countries 1. 2020 data Very strong growth in AuM (€bn) CAGR 2012-2021: +11% 1811 1729 1653 1426 1425 1083 985 878 792 749 31/12/2012 31/12/2013 31/12/2014 31/12/2015 31/12/2016 31/12/2017 31/12/2018 31/12/2019 31/12/2020 30/09/2021 IPO Acquisition of Pioneer Investments 5 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#6Amundi, European leader and in the top 10 worldwide AUM as of 31/12/2020 In €bn 7 091 5 931 3 093 2 834 1 948 1947 1 806 1 802 1 729 1 598 1 431 1 407 1 226 1 202 1 193 BlackRock Vanguard Fidelity State Street Capital J.P.Morgan PIMCO BNY Mellon Amundi AM Investments Gobal Advisors Group AM Source: IPE, "Top 500 Asset Managers 2021" (June 2021) 6 | Amundi Investor Presentation - November 2021 IM Goldman Legal & Sachs AM General IM Int. PGIM Franklin Templeton T. Rowe Price Morgan Stanley IM Amundi CRÉDIT AGRICOLE GROUP#7Amundi T. Rowe Price BlackRock Azimut Jupiter Allianz-Pimco Janus Henderson Invesco Amundi demonstrated its ability to deliver resilient earnings since its creation, and enjoys one of the lowest Cost/Income ratios of the industry: 51.7%² 1. Source: Company data for 2020, adjusted figures when available. 7 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP UBS DWS Fidelity Schroders Man Group Best in class cost efficiency among global peers 51,7% 53,8% 55,1% 56,7% 59,2% 61,2% 62,0% 63,0% 63,20% 64,5% 65,7% 67,9% 70,0% 69,9% 71% 73,0% 76,7% AllianceBernstein JPMorgan State Street Morgan Stanley 2020 cost income ratio¹#8A high level of profitability, A net income over €1bn, twice higher than its 2015 level Adjusted net income¹, Group share (€m) Adjusted net income¹ Impact of market effect² in 2020 2 X2 since the IPO CAGR² of +14% from 2015 to 2020 > €1bn ~€50m² 1,009 946 962 800 579 528 2015 2016 2017 2018 2019 2020 IPO Acquisition of Pioneer Investments Acquisition of Sabadell AM 1. Adjusted net earnings excluding amortization of distribution contracts, 2015 IPO costs and integration costs on Pioneer between 2017 and 2018; 2. Restatement of the impact in 2020 of the decline in the average EuroStoxx index and the financial income in the amount for --€50m after tax 8 | Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#9A well diversified client and asset base Broad client base Institutional excl. insurers 32.5% Institutional and sovereigns² 23,7% CA and SG insurane mandates Corporate Corporate and employee savings Retail excl. JVs 27.5% 4,7% 4,2% Breakdown of AuM1 by client segment (30/09/2021) French networks 6,7% International networks 9,1% 26,0% CA and SG insurance mandates Joint- ventures 13,9% 26.0% Third-party distributors 11,7% Full range of asset classes Bonds 44% Real, alt. and structured assets 6% Breakdown of AuM1 by asset class (30/09/2021) Equities 21% Treasury products 12% JVs 13.9% o/w €471bn for CA and SG insurers Strong and diversified international presence Americas 4,0% Rest of the World 1,8% Asia 17,9% Multi- asset Europe excl. France and Italy 14,1% 17% Italy 10,6% Breakdown of AuM1 by geography (30/09/2021) 26.7% excl. CA & SG insurers 1. Assets under management include assets under advisory and assets sold and take into account 100% of assets under management and inflows on the Asian JVs. For Wafa in Morocco, assets are reported on a proportional consolidation basis. 2. Including funds of funds. 9 | Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP France 51,6%#10A reference player for serving retail customers Clients/channels of distribution French retail network partners LCL SOCIETE GENERALE Crédit du Nord BAWAG PSK International retail network partners UniCredit Bank Austria RESONA CRÉDIT AGRICOLE CARIPARMA FRIULADRIA | CARISPEZIA KB @eurobank (Pologne) HypoVereinsbank AuM as of 30 September 2021 €121bn CCREDIT Sabadell €165bn AGRICOLE (Pologne) 中银理财 BOC Wealth Management Third-party distributors Preferred Distributors Private Banks / Independent Financial Advisors / Wealth Managers, etc. JVs, essentially Asian 10| 中国农业银行 भारतीय स्टेट बैंक AGRICULTURAL BANK OF CHINA State Bank of India NH NongHyup Amundi Investor Presentation - November 2021 €212bn €252bn TOTAL RETAIL excluding JVs €499bn TOTAL RETAIL €751bn Amundi CRÉDIT AGRICOLE GROUP#11A leading position in the institutional and corporate segment A large and diversified client base Sovereign & Institutional Broad base across all types of Institutional clients worldwide: • Strong historical presence in sovereign and Central Banks Pension funds, insurers, other financial institutions as well as non profit organizations AuM as of 30 September 2021 €428bn¹ Corporates European leader in the corporate segment: • Strong foothold in France €85bn European leader in treasury solutions / money market funds • Corporate Pension Funds Employee savings schemes Unique expertise in employee savings: • • Employee Share Ownership, Employee Savings, Retirement solutions #1 position in France (> 45% market share²) €76bn CA & SG Insurers mandates Two historic core clients with a large and stable AuM base: · Crédit Agricole Assurances (France and Italy) • Sogecap (insurance subsidiary of Société Générale) €471bn 1. Including funds of funds 2. Amundi figures as of 31/12/2020 (Association Française de la Gestion Financière registration) 11 Amundi Investor Presentation - November 2021 TOTAL INSTITUTIONAL €1,060bn Amundi CRÉDIT AGRICOLE GROUP#12Leadership positions in 4 key European markets 6 global investment hubs and 12 local investment centers operating in the major financial places AuM and market positioning in key European countries as of 30/09/2021 FRANCE €934.8bn ITALY €192bn A local network Nº1 N°2* GERMANY SPAIN allowing a true client proximity €69.7bn €49.8bn Source: Assogestioni (August 2021)/ BVI and Amundi (August 2021) / Inverco (June 2021) * on open ended funds. 12 Amundi Investor Presentation - November 2021 Top 3 Top 5 of foreign players Amundi CRÉDIT AGRICOLE GROUP#13A comprehensive range of expertise Active management Liquidity solutions 1,091 →A large offer of active expertise #2 in Europe 186 Fixed income 543 #3 in Europe Euro fixed income (govies, corporate, high yield) Global fixed income (macro, corporate, currencies) #3 in Europe in money market funds Money market and treasury products Structured solutions 35 • #1 in Europe in guaranteed products • Structured notes / EMTN 124 Equity #5 in Europe • European equities (#1 in Europe & Eurozone) US assets 91 #4 in Europe Alternative and real assets A growing presence Real estate retail (#6 in Europe) 61 • Private equity • • Private debt Infrastructure 42 284 • US equities and fixed income EM assets #4 in Europe • EM equities and fixed income Multi-asset #3 in Europe Multi-asset Responsible investing • 802 • #1 in Europe #1 in Multi-asset #2 in Active Equity SRI, #1 in Equity Euro SRI #2 in Active Fixed Income, #1 in Euro Bond SRI 13 | Amundi Investor Presentation - November 2021 Passive management & Smart Beta . 187 A fast growing platfform ETF #5 in Europe (in terms of AuM) • Indexing • Smart Beta & Factor investing AuM as of 30/09/2021: €1,559bn (excl. JVs) Source: Broadridge (open-ended funds sold in Europe. Mandates, dedicated funds and EMTNs excluded), ETFGI (for ETF including ETP as at September 2021) as of August 2021. Amundi CRÉDIT AGRICOLE GROUP#14A resilient flow momentum since 2015 Net inflows¹ in €bn Retail (excl. JVs) +€79.9bn Institutionals and Corporates JVs +€107.7bn +31.3 +€60.4bn +€70.6bn +€42.0bn +17.8 +24.8 +21.0 +83.9 +€45.1bn +5.4 +38.3 +26.3 +28.1 +28.9 +31.8 +18.5 +11.4 +11.7 +10.2 +6.6 +4.4 +5.4 2015 2016 2017 2018 2019 2020 1. Net inflows include assets under advisory and assets sold and take into account 100% of the Asian JVs' inflows and assets under management. For Wafa in Morocco, assets are reported on a proportional consolidation basis. 14 | Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#15A consistent dividend policy Since its IPO in 2015, Amundi has a consistent dividend policy1 (65% of the net earnings² Group share). – Amundi resumed in 2020 its dividend payment, compatible with the ECB recommendation - Dividend voted at the General Meeting of 10 May 2021: €2.90 per share, in cash Dividend per share, 2015-2020 2.90€ 2.50€ 2.20€ 2.05€ 2.90€ 2015 2016 2017 2018 2019 2020 1- except for FY2019 given the ECB ban on the dividend distribution for companies under its supervision; 2- The dividend pay out is calculated on the accounting net earnings Group share 15 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#16A robust financial situation At end-June 2021: – €3.5bn in tangible equity¹ - CET1 ratio of 19.9% An A+ rating confirmed by Fitch in May 2021, one of the best ratings in the sector 1. Equity excluding goodwill and other intangibles. 16 Amundi Investor Presentation - November 2021 €2.7bn Tangible equity¹ and CET1 ratio €3.2bn 20.0% 15.9% €3.5bn 19.9% 31/12/2019 31/12/2020 30/06/2021 XX% CET1 ratio Amundi CRÉDIT AGRICOLE GROUP#17Amundi employees in figures 4,800 employees (excl. joint ventures) GENDER DISTRIBUTION 42% 58% Percentage of women among managers WORKFORCE BREAKDOWN BY BUSINESS LINE 35% Average years of service 12 years Average age 44 years Wh More than 35 countries Investment 25% Management Sales & Marketing 22% Control Functions 8% 11% { Support Americas 45% Functions Amundi data as of 30/09/2021 17 Amundi Investor Presentation - November 2021 WORKFORCE BREAKDOWN BY GEOGRAPHICAL REGION' 81% Europe France: 48% International: 52% 8% Asia Amundi CRÉDIT AGRICOLE GROUP#18A stable share ownership, supported by Crédit Agricole Crédit Agricole Group 69,5% Employees 0,8% Treasury shares 0,3% Share ownership (as of 30/09/2021) Free float 29,4% On 12 November 2015, Amundi launched its initial public offering (IPO) to list its shares on the regulated market of Euronext in Paris - Market capitalisation of Amundi: €14.8bn (as of 30/09/2021) A reference shareholder: Crédit Agricole, a customer-focused universal bank with a 127-year history 18 | Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#1902 Business activity and results in Q3 2021 19 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#20Very good third-quarter results Results Business activity Good level of net asset management revenues, driven by net asset management fees of €707m (up 17.6% vs. Q3 2020 and up 2.6% vs. Q2 2021) and high performance fees (€90m) Cost/income ratio of 48.4%¹ (~50% excluding exceptional level of performance fees²) - Adjusted net income¹ up sharply to €333m: ■ +41.5% vs. Q3 2020 Excluding the exceptional level of performance fees², +9.9% vs. Q2 2021 and +29.2% vs. Q3 2020 - - Strong business momentum: high inflows 3-4 of +€15bn in MLT assets 5 driven by ESG offering, active management (~11bn) and by all client segments - Moderate outflows in treasury products4: -€2.2bn - Outflows of -€12.7bn in the JVs due to a one-off redemption - AuM³ of €1,811bn at 30/09/2021, +8.9% year-on-year (+1.0% for the quarter) 1. Adjusted data: excluding amortisation of distribution contracts and, in Q2 2021, excluding Affrancamento; See Slides 28-29 for definitions and methodology. 2. Data excluding exceptional performance fees (= higher-than-average performance fees per quarter in 2017-2020, €42m). 3. Assets under management and net inflows including Sabadell AM as of Q3 2020 and 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. 4. Excl. JVs. 5. Medium/Long-Term Assets: excluding treasury products 20| Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#2121 Overall positive market conditions Equities: Average markets levels continued to rise in Q3 with a slight correction for European indices in September Interest rates: - Long-term yields up again since the end of September ; OAT back in positive territory Stable spread levels +28% Trend in major interest rates between January 2020 and October 2021 1,4 (%) 0,9 10 years OAT 3m euribor 10 years Bund Itraxx Main spread 0,4 -0,1 -0,6 -1,1 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Change average EuroStoxx 600 Index (in pts) Stock market trends CAC 40 and Eurostoxx between January 2020 and early October 2021 7500 463 +8% +4% 446 7000 6500 +10% 412 6000 +4% 376 5500 5000 361 4500 4000 3500 3000 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 Amundi Investor Presentation - November 2021 Jan-20 Feb-20- Mar-20- Apr-20 May-20- Jun-20 Jul-20- Aug-20 Sep-20 Sources: Refinitiv (formerly Reuters). Oct-20 Nov-20- Dec-20 Jan-21 Feb-21 Mar-21- Apr-21- May-21- 450 400 350 300 CAC40 EuroStoxx 250 Jun-21- Jul-21 Aug-21 Sep-21 Amundi CRÉDIT AGRICOLE GROUP Oct-21 200 500#221,592 30/06/2020 Net inflows Market and FX effect AuM1 of €1,811bn at the end of September 2021, +9% year-on-year and +1% for the quarter +4.0% +14,4 +52,1 -12.7 +34.7 +15.2 +39,3 +15.2 +20,7 Scope effect 30/09/2020 22 Amundi Investor Presentation - November 2021 Net inflows +8.9% +2.2% +1.0% +1.5% +7.2 +31,4 +0,2 +17,0 AuM 1 811 Net inflows 1,794 1 729 1 755 1,662 Market and FX effect 31/12/2020 Net inflows Market and FX effect Q1 2021 31/03/2021 Net inflows Market and FX effect 30/06/2021 Net inflows Market and FX effect 30/09/2021 Market and foreign exchange effect Scope effect (Sabadell AM) +XX% Change in AuM vs. end of previous quarter Q3 2020 Q4 2020 Q3 2021 1. Assets under management and net inflows including Sabadell AM as of Q3 2020 and BOC WM as of Q1 2021 include assets under advisory and assets sold and take into account 100% of the inflows and assets under management of the Asian JVs. For Wafa in Morocco, assets are reported on a proportional consolidation basis. Q2 2021 Amundi CRÉDIT AGRICOLE GROUP#23Strong business momentum in MLT 1,2 assets: net inflows of +€15bn in Q3 MLT² assets excl. JVs +€34.7bn +22.0 Net inflows (excl. JVs) in €bn Treasury Products excl. JVs +€14.4bn -€12.7bn +17.5 +€7.2bn +€0.2bn +21,7 +15,0 +12.3 +9.8 +4.7 -18.6 -17.0 -2.2 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021 In Q3 2021: Solid inflows in MLT assets: +€15bn driven by both Retail (excl. JVs) and Institutionals Moderate outflows from treasury products compared to H1 2021 In 9M 2021: MLT net inflows of €46.5bn mainly driven by active management (€35.9bn) 1. Net inflows including Sabadell AM as of Q3 2020 and BOC WM as of Q1 2021 include assets under advisory and assets sold. 2. Medium/Long-Term Assets excl. JVs. 23 | Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#24Retail (excluding JVs): net inflows of +€7.5bn in MLT assets in Q3 Net inflows¹ in the Retail segment excl. JVs in €bn MLT assets French networks Treasury products €5.2bn International networks +€7.6bn +4,4 +€8.5bn +1.0 +2,8 Third-party distributors MLT Assets: solid inflows of +€7.5bn (vs. +€9.5bn in Q2 2021 and +€2.4bn in Q3 2020) Business activity driven by third-party distributors and International Networks, particularly in Italy (UniCredit and CA Italy) and Spain (Banco Sabadell) Amundi-BOC WM: business still robust, bringing AuM to €7bn as of the end of September. In the French Networks: Positive flows in MLT assets (excl. structured products) of +€0.8bn in Q3 2021 Early redemptions in structured products due to favourable market conditions Amundi +2.8 +2.5 BOC +3.3 MLT WM - +7.5 +2,8 +3.2 +2.0 0.0 -0.3 -0,5 -0,7 -2.0 Q3 2020 Q2 2021 Q3 2021 1. Net inflows including Sabadell AM as of Q3 2020 and BOC WM as of Q1 2021 include assets under advisory and assets sold. 24 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#25Institutionals: solid business activity in MLT assets and limited treasury products outflows MLT assets Net inflows in the Institutionals segment in €bn Corporates & Employee savings Treasury products -€16.2bn Institutionals & sovereigns -€2.9bn +€4.3bn CA & SG insurers MLT assets: high inflows of +€7.5bn (vs. +€12.1bn in Q2 2021 and +€2.2bn in Q3 2020) driven by all institutional client segments +4.1 +19.2 +1.5 +1.2 +8.1 MLT +7.5 +4.8 +0.7 +0.3 +1.2 -0.1 -3.2 -15.0 Q3 2020 Q2 2021 Q3 2021 1. Net inflows and AuM including assets under advisory and assets marketed (including funds of funds). 25 Amundi Investor Presentation - November 2021 Treasury Products: moderate outflow Amundi CRÉDIT AGRICOLE GROUP#26JVs: mutual fund inflows of +€3bn and a one-off redemption in China 26 -€4.0bn JVs net inflows¹ in €bn +€2.6bn +5.8 +2.8 -7.0 Q1 2021 -3,2 Q2 2021 -€12.7bn +3.0 - SBI MF (India): inflows of €4.5bn with a pick- up in MLT assets (+€4.2bn) after a second quarter marked by the health crisis; SBI MF maintained its leading position in the Indian market with a market share of 16% at the end of September 20212 NH (Korea): positive flows in MLT assets (+€0.7bn) and outflows in Treasury Products (-€1.5bn) -11,6 - ABC-CA (China): -4,1 Q3 2021 Net inflows from JVs excluding Channel Business and one-off redemption in Q3 2021 Channel Business (China) One-off redemption in Q3 2021 - a one-off redemption of €11.6bn - Channel Business (low-margin products) gradually being phased out (-€4.1bn in Q3) 1. Net inflows take into account 100% of the Asian JVs' inflows and assets under management. For Wafa in Morocco, assets are reported on a proportional consolidation basis. 2. Source: AMFI Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#27High MLT net inflows, driven primarily by active management MLT net inflows (excl. JVs) in €bn Real and structured assets Bonds +€4.7bn +€21.7bn Equities Multi-asset +€15.0bn Expertise (excl. JVs) Active management: inflows of +€11.1bn in Q3 2021 (+€35.9bn over 9M 2021) driven by: - - - The success of Amundi-BOC WM's Fixed Income Plus funds launched since December 2020 Multi-asset funds for Retail and OCIO¹ solutions for Institutional customers Euro fixed-income solutions, built for Institutional investors AuM of €1,091bn at the end of September 2021 12,5 8,5 4,7 1.0 1,3 03 3,9 5,6 3,3 2,6 -0.9 -1.2 -0,1 Q3 2020 Q2 2021 Q3 2021 Passive management, ETFs2 and smart beta: Net inflows of +€3.9bn (AuM of €187bn1 at the end of September 2021). ETP²: net inflows of +€1.8bn, brining AuM to €78bn at the end of September 2021 (#5 in Europe³) Real and structured assets: Inflows of +€1.2bn in real assets offset by outflows of -€1.2bn due to early redemptions from structured products. 1. OCIO: Outsourced Chief Investment Officer Solutions 2. ETP: Exchange Traded Products, including ETF (Exchange Traded Funds) and ETC (Exchange Traded Commodities). 3- Source: ETG GI, September 2021 27 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#28Very good level of net asset management fees 28 +14.1% Net asset management fees (€m) 2 059 1 806 +17.6% +2.6% 689 707 601 9M 2020 9M 2021 T3 2020 T2 2021 T3 2021 Amundi Investor Presentation - November 2021 Net management fees driven by: - the momentum of inflows in Retail and MLT active management over the last several quarters the increase of equity markets levels Amundi CRÉDIT AGRICOLE GROUP#29Still very high performance fees Quarterly average 2017-2020: €42m 29 20 Performance fees per quarter 2019-2021 (in €m) 40 40 25 86 42 34 30 94 94 111 155 90 T1 2019 T2 2019 T3 2019 T4 2019 T1 2020 T2 2020 T3 2020 T4 2020 T1 2021 T2 2021 T3 2021 Amundi Investor Presentation - November 2021 Still high performance fees in Q3 2021 due to the sharp increase of the Equity markets since Q2 2020 Performance fees are expected to continue to normalise over the coming quarters Amundi CRÉDIT AGRICOLE GROUP#30Excellent operational efficiency maintained Operating expenses (€m) +18.6% -1.5% A change in operating expenses vs. Q3 2020 related to: - the provisioning of variable compensation, in relation to growth in operating income the scope effect compared to Q3 2020 (+€10m) linked to the creation of Amundi BOC WM³ and the full consolidation of Fund Channel4; continued investments in development, especially at Amundi Technology and in other growth engines 388 383 323 T3 2020 T2 2021 T3 2021 51.2% 45.7% 48.4% Cost/income ratio¹ (%) ~50% ~50% Cost/income ratio excluding exceptional level of performance fees² (%) 1. Adjusted data: excluding amortisation of distribution contracts. 2. Data excluding exceptional performance fees (= higher-than-average performance fees per quarter in 2017- 2020). 3. Consolidated from Q4 2020. 4. Consolidated from Q1 2021. 30| Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#31Q3 2021: high level of net income1 235 T3 2020 Adjusted net income¹, Group share (Єm) +41.5% 345 333 -3.6% - 70 276 +9.9% T2 2021 2 - 30 Effect of the exceptional level of performance fees² High level of net result thanks to: High level of revenues(net asset management fees and performance fees) Good cost control NI excluding exceptional level of performance fees² 303 T3 2021 High growth of profitability of +10% vs. Q2 2021 (excluding the exceptional level of performance fees in these two quarters) 1. Adjusted data: excluding amortisation of the distribution contracts and in Q2 2021 excl. Affrancamento. 2. Exceptional level of performance fees = higher than average performance fees per quarter in 2017-2020. 31 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#329M 2021: net income¹ up sharply and close to €1bn Adjusted net income¹, Group share (Єm) 674 9M 2020 +46.5% 987 -140 Effect of the exceptional level of performance fees² 847 +25.6% NI excluding exceptional level of performance fees² 9M 2021 Net income close to €1bn: A positive jaw effect between a high level of revenues (especially performance fees) and costs that are under control Increased contribution from the JVs (+38% vs. 9M 2020) Increase in net income of +25.6% vs. 9M 2020 (excluding the exceptional level of performance fees in 2021) 1. Adjusted data: excluding amortisation of the distribution contracts and in Q2 2021 excl. Affrancamento. 2. Exceptional performance fees = higher than average performance fees per quarter in 2017-2020. 32 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#33Quaterly and nine-month income statements Q3 2021 Q2 2021 var. Q3/Q2 Q3 2020 var. Q3/Q3 9M 2021 9M 2020 Var. 9M/9M in € million Adjusted net revenue Net asset management revenue o/w net management fees o/w performance fees Net financial income and other net income 791 849 -6,9% 630 25,7% 2410 1 866 29,2% 797 844 -5,6% 631 26,4% 2416 1912 26,4% 707 689 2,6% 601 17,6% 2 059 1 806 14,1% 90 155 -41,9% 30 356 106 (6) 5 (1) (5) (46) NS Operating expenses Adjusted gross operating income 1 (383) (388) -1,5% (323) 18,6% (1 147) (971) 18,1% 409 461 -11,4% 307 33,1% 1 264 895 41,2% Adjusted cost/income ratio Cost of risk & other* Equity-accounted entities Adjusted income before taxes Taxes Non controlling interest 48,4% 45,7% 2,6 pts 51,2% -2,9 pts 47,6% 52,0% -4,5 pts 7 (18) (3) (13) (20) NS 25 25 21 20,5% 17 47,7% 63 46 37,9% 1 440 464 -5,1% 321 37,0% 1 313 921 42,7% (108) (120) -9,6% (86) 26,2% (331) (247) 34,2% 1 1 -18,5% (0) 5 (0) Adjusted net income, Group share 333 345 -3,6% 235 41,5% 987 674 46,5% Amortization of distribution contracts after tax (12) (12) 0,0% (15) -16,3% (37) (40) -7,6% Impact of Affrancamento* 0 114 0 114 Net income, Group share including Affrancamento 321 448 -28,4% 221 45,3% 1 065 634 67,9% *Net accounting income for Q2 and 9M 2021 includes a one-time tax gain (net of a substitution fee) of +€114m (no cash flow impact): "Affrancamento" mechanism under the 2021 Italian Budget Law (Law no. 178/2020), resulting in the recognition of Deferred Tax Assets on intangible assets (goodwill); this was excluded from Adjusted Net Income. 1. Adjusted data: excluding amortisation of the distribution contracts and, in Q2 and 9M 2021, excluding Affrancamento. See slides 28-29 for definitions and methodology 2- The cost of risk (+€7m) takes into account the adjustment to provisions for regulatory risks 33 | Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#3403 ESG: a leadership position 34 | Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#35Amundi's ESG AuM and offering Multi-dimensional ESG Integration €770 bn ESG Best-in-class strategies . ESG Mainstream strategies • Amundi SRI strategies • ESG Improvers strategies ESG Risk Management strategies ESG Index strategies ESG Bespoke strategies In accordance with Amundi repository, benchmarks and/or customers'reference values Source: Amundi Group figures as of September 2021 35 | Amundi Investor Presentation - November 2021 €802 bn ESG Sustainability Themed Investing €32 bn Environment Social • Social Bonds Green Bonds Social Equity • Green Equity • Social impact investing • Green Private & Real Assets • Decarbonization ENGAGEMENT Amundi CRÉDIT AGRICOLE GROUP#36Amundi confirms its leadership in ESG 378 Evolution of ESG AuM (€bn) 31/12/2020 802 30/09/2021 Inflows of + €25bn in MLT assets in the first 9 months of 2021, the majority in active management According to the SFDR2 classification, over €728bn in assets managed by Amundi are classified under Articles 8 and 9, i.e. over 770 open-ended funds, dedicated funds and mandates ■ A market share in Responsible Investing funds of ~9% in MLT assets in Europe³ ■ In the lead-up to the Glasgow COP 26, Amundi has joined the "Net Zero Asset Managers" initiative (commitments in line with the Paris Agreement trajectory) for asset managers committed to the target of net zero emissions by 2050. 1. Net inflows excluding treasury products and insurance mandates. 2. The new European Sustainable Financial Disclosure Regulation (SFDR) requires fund managers to rank their European assets by degree of ESG integration: Article 8: products that promote environmental and/or social characteristics; Article 9: products that have a sustainable investment objective. 3. Source: Broadridge and FundFile on open-ended funds at the end of August 2021 36| Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#3704 Strategic roadmap 37 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#38Amundi's ambition: to rank among the top 5 global asset managers (regardless of size) recognised for 3 items: III Its position The quality of the expertise and services it offers to its customers as a committed financial player || Its strong growth and profitability trends 2022 TARGETS +5% CAGR Net income group share 2018-221 ≤53% Cost-income ratio² 100% of open-ended funds in active management with an ESG score higher than that of their investment universe³ 1. Based on market assumptions, generating a broadly neutral impact by 2022, compared to 2018. Adjusted net income Group share (excluding amortization of distribution contracts) 2. Excluding amortization of distribution contracts 3. Wherever technically possible 38 | Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#39Key strategic priorities 1. Accelerate Amundi's development on its two client segments (Retail and Institutional) by • • consolidating our leadership as a preferred partner of networks and distributors, building on a range of solutions, services and tools adapted to each distribution channel, ⚫ increasing penetration among institutional clients, leveraging our full range of expertise and our advisory and services offering. 2. Invest in growing expertise (passive, real assets) and in the development of new solutions (discretionary management solutions...) 3. Consolidate its leadership in Europe and amplify its development in Asia, through its direct presence, its JVS and new partnerships 4. Leverage the efficiency of our industrial model to maintain costs among the lowest in the industry, a key competitive advantage in a context of long-lasting low interest rates 5. Transform technology into a new growth driver (development of Amundi Technology) 6. Reinforce Amundi's position as a responsible investor 7. Favour organic development strategy that applies to all our businesses, areas of expertise and geographies. This strategy may be complemented by external acquisitions if they create sufficient value to enable to accelerate the implementation of our strategy. 39 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#4005 Planned acquisition of Lyxor 40 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#41A transaction strengthening Amundi's positioning in key areas of expertise, and strongly value enhancing A strategic opportunity • Amundi acquires the Lyxor's core activities, totalling €124bn AuM1 (ETF and active management) - Activities from Lyxor retained by Société Générale: structured asset management² and other activities dedicated to private banking3 (structuring of solutions, funds selection) Lyxor is a pioneer in the European ETF space with a recognised expertise in active management Amundi will become the European leader and the #2 player in Europe in the ETF market - - €142bn combined ETF AuM as of December 31st 2020 A fast-growing European ETF market: +12% CAGR expected over 2020-2025e4 Amundi will also complement its product offering in active management, notably through the integration of Lyxor's alternative investment platform Total cash consideration of €825m for the Lyxor's core activities • Purchase price of €755m, adjusted for €70m excess capital5 • A value enhancing acquisition • Implied 2021e P/E multiple of ~10x, including cost synergies only Estimated run-rate annual revenue and cost synergies of ~€30m6 and ~€60m6, respectively • Return on Investment > 10% in year 3 after completion, including cost synergies only7 . ~+7% accretive on Amundi's 2021e EPS, including run-rate cost synergies only8 Timeline • Subject to works councils consultation and customary regulatory approvals Completion of the transaction expected by February 2022 at the latest Limited execution risk considering Amundi's track-record of successful integrations 1. Data as of December 31st 2020; 2. Solutions intended for Societe Generale's global markets clients; 3, Activities dedicated to savings solutions and carried out for Societe Generale (Branch networks and Private Banking) such as structuring of saving solutions, funds selection and the supervision of the SG Group's asset management companies; 4, Sources: Cerulli, ETFGI; 5. Excess capital vs. asset management regulatory capital requirement applicable to Lyxor; 6, Pre-tax; 7. Based on the purchase price excluding excess capital, i.e. €755m; calculation accounting for run-rate cost synergies 8. Based on consensus 2021e EPS, accounting for run-rate cost synergies 41 | Amundi Investor Presentation - November 2021 Amundi GROUPE CRÉDIT AGRICOLE CREDIT AGRICOLE GROUP#42Lyxor is a major player in the ETF space, with a recognised expertise in active management A balanced profile with 2 core businesses #3 player in Europe, with a ~7% market share ETF €77bn AuM Active investments €47bn AuM - Pioneer in Europe Assets under Management breakdown 20201 Investment Strategies As of December 31st, 2020 €28bn Strong competitive positioning Comprehensive funds offering with 300 ETFs Strengthened footprint in Germany, notably in Retail, following the acquisition of Commerz Fund Solutions in 2019 Active investments 37% Alternative investment platforms €19bn One of the world leaders in alternative liquid funds platform Platforms offering alternative liquid investment funds (notably UCITS funds) to private banks and asset managers Net revenues 22% 63% €124bn ETF €77bn 15% Key figures 2021e1 ~€200m • Cost/income ratio -75% An "Investment Strategies" offering based on innovative expertise ⚫ Net income ~€35m 1. Certain activities from Lyxor are excluded from the scope of the transaction and retained by Societe Generale: (i) structured asset management solutions intended for Societe Generale's global markets clients and (ii) asset management activities dedicated to savings solutions and carried out for Societe Generale (Branch networks and Private Banking) such as structuring of saving solutions, funds selection and the supervision of the SG Group's asset management companies. 42 Amundi Investor Presentation - November 2021 Amundi GROUPE CRÉDIT AGRICOLE CREDIT AGRICOLE GROUP#43Amundi will become the European leader in ETF Creation of the European leader and #2 player in Europe¹... Top 8 ETF/ETP players in Europe, AuM in €bn and as of December 31st, 2020 BlackRock Amundi + #2 142 Lyxor DWS (DB) 115 13 #3 463 ...benefitting from a well-diversified client base, geographical footprint, and asset class offering² Market share As of December 31st, 2020 Indicative estimates Institutionals 27% 44% By client type 14% 11% Asset Managers 44% Private banks 18% Retail and online banks 11% Rest of the world 6% Lyxor 77 7.4% By geography Southern Europe 26% UBS 66 6% France/Benelux 25% #5 Amundi 64 6.2% Rest of Europe 43% Vanguard 54 5% Specialised 15% SPDR ETFs 40 4% By asset class Fixed- income 23% Equities 62% Invesco 40 40 4% With Lyxor, Amundi strengthens its ETF market share in Europe (14% combined vs. 6% for Amundi standalone) and further diversifies its ETF business 43 | Amundi Investor Presentation - November 2021 Amundi GROUPE CRÉDIT AGRICOLE CREDIT AGRICOLE GROUP#44A unique positioning allowing Amundi to benefit from the fast-growing ETF market AuM (€bn) A fast-growing European ETF market 978 2020 2020-2025e CAGR +12% • 1 675 2025e . Sound fundamentals and attractive growth drivers An expertise to meet strong clients' expectations regarding ESG transition at a competitive cost (>18% combined market share¹ in ESG ETF) MiFID regulation (cost transparency requirements) Increasing digitalisation of distribution channels and client usages . Ongoing acceleration in the Retail segment (development of solutions for distributors and presence on online platforms) Amundi Investor Presentation - September 2021 - Kepler Conference Amundi becomes the European leader in the ETF space in Europe, and significantly accelerates its development on this fast-growing market where scale is a key factor of success 1. Source: Amundi, Bloomberg as of December 31st, 2020 44 Amundi Investor Presentation - November 2021 Amundi GROUPE CRÉDIT AGRICOLE CREDIT AGRICOLE GROUP#45Amundi expands its active management offering, notably in alternative liquid assets Complementarities and opportunities in active management Lyxor is one of the global leaders in the alternative liquid funds platform market¹ AuM in $bn, as of June 30th, 2020 Market share . Expands Amundi's existing offering with €47bn additional AuM in active management Universal Investment 6,7 22% . Leadership position in the alternative investment platforms segment (€19bn AuM), an attractive market where Amundi is not present Lyxor 20% 6,2 Lumyna 4,2 14% • A high quality investment strategies franchise (€28bn) Schroders GAIA 4,1 13% MontLake 3,4 11% • Cross-selling opportunities 45 Amundi Investor Presentation - November 2021 LRI Group 2,8 Only focused on the infrastructure segment of the value chain 9% Amundi GROUPE CRÉDIT AGRICOLE CREDIT AGRICOLE GROUP#46A transaction with high synergy potential Cost synergies • • Revenue synergies 46| Run-rate annual cost synergies of ~€60m (pre-tax), driven by: . • Headcount rationalisation: ~€30m IT, outsourcing and other cost efficiency measures: ~€30m Staff reduction • Representing ~3% of combined headcount (below Amundi's natural employee churn) No forced departures Run-rate annual net revenue synergies of ~€30m (pre-tax), through: • • An acceleration of business growth stemming from increased size (notably in ETF) Broader funds offering, better visibility, and limited client attrition expected Amundi Investor Presentation - November 2021 Amundi GROUPE CRÉDIT AGRICOLE CREDIT AGRICOLE GROUP#47A financially compelling transaction Key terms of the contemplated transaction High value creation . • • . Acquisition of Lyxor from Société Générale (excl. carved-out activities¹) Total cash consideration of €825m including €70m of excess capital², i.e. purchase price of €755m excluding excess capital - Implied 2021e P/E multiple of ~10x, including run-rate annual cost synergies only³ . Run-rate annual cost synergies of ~€60m (pre-tax), achievable within years post completion • Run-rate annual net revenue synergies of ~€30m (pre-tax) Return on Investment > 10% in year 3 after completion (excluding revenue synergies) and > 13% (including revenue synergies) ~+7% accretive on Amundi's 2021e EPS, including run-rate cost synergies only4 Integration costs of ~€50m post-tax Estimated CET1 capital impact of ~670 bps Regulatory impacts Amundi's pro-forma CET1 ratio of 13.3% as of December 31st 2020, significantly above both its minimum capital requirement and the management target of 10% 1. Certain activities from Lyxor are excluded from the scope of the transaction and retained by Société Générale: (i) structured asset management solutions intended for Société General's global markets clients and (ii) asset management activities dedicated to savings solutions and carried out for Société Générale (Branch networks and Private Banking) such as structuring of saving solutions, funds selection and the supervision of the Société Générale Group's asset management companies. 2. Excess capital vs. asset management regulatory capital requirement applicable to Lyxor the purchase price excluding excess capital, i.e. €755m; calculation accounting for run-rate cost synergies 4. Based on consensus 2021e EPS, accounting for run-rate cost synergies 3. Based on 47 Amundi Investor Presentation - November 2021 Amundi GROUPE CRÉDIT AGRICOLE CREDIT AGRICOLE GROUP#48Implementation and integration timetable Implementation and integration timetable 1. Subject to applicable regulations • Announcement of exclusive negotiations: 7 April 2021 Master agreement: signed on 10 June 2021 • Closing: expected at end 2021 • Integration preparation: ongoing until closing 1 Integration to be implemented within 18 months post closing Full synergies achieved within 3 years after completion of the transaction 48 | Amundi Investor Presentation - November 2021 Amundi GROUPE CRÉDIT AGRICOLE CREDIT AGRICOLE GROUP#4906 Amundi Technology 49 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#50Amundi Technology, a new technology services business line - - - - By creating a dedicated business line, Amundi will enhance the existing development of its technology services A large potential market (~€1.5bn) that is growing fast; financial institutions forced to overhaul their operating model For the past decade, Amundi has been building a high-level independent IT platform, and since 2016 it has begun to market its technology services externally (specifically its PMS1 service ALTO²) An ambitious marketing strategy, based on: distinctive features a full range with two main technological services (Portfolio Management, Wealth & Distribution), plus an add-on service (Employee & Retirement Savings) Ambitious financial targets: €150m in revenues in 2025 compared to €25m in 2020 A growth driver and potential value creation 1- PMS: Portfolio Management System 2- Amundi Leading Technology and Operations 50 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#51A market with great potential - A large-scale, addressable market (technology services for asset managers, Wealth managers, and distributors in Europe and Asia): - ~€600m¹ for PMS², ~€850m¹ for Wealth Managers and Distributors A fast-growing market (nearly 10% per year¹), Fragmented competition and high barriers to entry - A financial-services industry facing growing structural challenges: - — Pressure on margins (competitive market, growth in passive management) Increasing operating costs (compliance, regulatory requirements) Critical IT investments (digitalisation, data management, client relationships) The strategy of most players in the industry is to refocus on their core business Adapted technological solutions (economies of scale, digitalisation of processes and client experiences, industrialisation of systems, capacity for innovation and flexibility) 1-Sources: Amundi estimates, McKinsey consultants, Mars 2- PMS: Portfolio Management System 51 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#52A complete offering, covering all the savings' value chain, from distribution to asset management • • Two major offerings that are both integrated and flexible, covering the entire asset management and savings value chain, combined with specialised solutions A supplemental offering for employee savings and retirement savings (PACTE Law) in France A ALTO* Investment A modular platform covering the entire asset management value chain, and suited to all kinds of expertise: Active and passive management: diversified, equities, bonds Private equity/Real assets A ALTO* Wealth & Distribution A modular platform for Discretionary Portfolio Management and Advisory Management ALTO Employee and retirement savings platform A single management platform for employee savings and retirement savings (PACTE Law in France) *Amundi Leading Technology and Operations 52 Amundi Investor Presentation - November 2021 Asset Managers Institutional Investors, Family Offices, Sovereign Funds Asset Owners Insurers, Pension Funds Distributors & Wealth Managers Retail Banks, Online Banks, Private Banks, IFAS, Wealth Managers Employee savings and retirement savings product managers Asset Servicers Account holders, custodians/fund appraisers Amundi CRÉDIT AGRICOLE GROUP#53Business ambitions and financial targets An ambitious business strategy - - Target geographic markets: Europe, Asia, and the US (thanks to our partnership with BNY Mellon); Key success factors: - Dedicated sales teams who will leverage on the Amundi network; Strategic partnerships for accelerating growth: financial institutions (CACEIS, BNY Mellon) or specialized data suppliers (MSCI, FactSet). Financial objective: €150m in revenues in 2025 53 | Amundi Technology revenues 150 25 25 2020 2025 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#5407 Growth drivers in Europe and in Asia 54 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#553 N Growth initiatives launched in 2020 are bearing fruits 1 Successful integration of Sabadell AM and partnership with Banco Sabadell: - Sabadell AM: Integration complete in less than 12 months, both technologically (IT migration to ALTO) and operationally (management teams, sales teams, and control functions). The beginning of the partnership with Banco Sabadell is very promising, resulting in gains in market share¹1; record business activity was achieved over the first 12 months with more than €1.5bn in net inflows (Amundi and Sabadell AM funds) in the Banco Sabadell network. More than 50% of the announced synergies² should be achieved starting in 2021. Successful start-up of the new Wealth Management subsidiary with Bank of China (#4 Chinese bank) Business starting well with the launch of ~50 funds since creation in December 2020 - Increasing interest from BoC network for the subsidiary's products (especially funds at maturity and green funds). Inflows of +€6.9bn in H1 2021 Ramping up of Amundi Technology €27m in revenue in the first 9 months of 2021 Offers deployed with 33 clients at the end of September 2021, of which: AG2R La Mondiale (€120bn in AuM) with an offer including the cloud based ALTO Investment platform (PMS) but also services such as dealing, Middle Office, and Reporting Malakoff Humanis: choice of Alto Investment for all its asset management IT (including the new Private Equity module), 1. From 5.46% at end-June 2020 to 5.58% end-June 2021; Source: Inverco - funds under Spanish law / data completed with activity on international funds marketed to Banco Sabadell 2. Announced synergies of €20m before run-rate tax 55 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#56New subsidiary with BOC: a very promising partnership ◎ 中国银行 BANK OF CHINA New subsidiary created with Bank of China (Amundi BOC Wealth Management) in which Amundi holds a majority 55% capital stake - Bank of China is the 4th-largest Chinese bank (400m Retail clients, 23,000 branches) - The new JV is the 1st majority foreign-owned company in China offering Wealth Management products, a new market segment Partnership implemented quickly and in accordance with targets December 2019: plan announced to create the subsidiary¹ with BOC WM - October 2020: operational startup - December 2020: first products in the BOC network marketed Ambitious targets set for Amundi BOC WM for 2025: €60bn in AuM and ≥ €50m in Net Income (100%) Amundi has a unique position, covering all the segments of the fast-growing Chinese asset management market (expected CAGR² of >10% between 2019 and 2025), through its partnerships with two major banks (ABC and BOC) Significant potential for value creation and a growth driver in a high-potential region 1- Fully consolidated in the Income Statement with a 45% minority interest 2. Compound Annual Growth Rate 56 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#57Unique positioning, covering all segments of the Chinese AM market thanks to partnerships with two major banks Amundi Ranking of Chinese banks 33% shareholding ASSET MANAGEMENT 55% shareholding 农银汇理基金管理有限公司 ABC-CA FUND MANAGEMENT CO.,LTD. Amundi BOC 1st ICBC Wealth Management Co Ltd 2nd CCB Intermediated by 2 major banks 3rd ABC > 400m Retail clients 23,000 branches 中国农业银行 ⑥ 中国银行 AGRICULTURAL BANK OF CHINA BANK OF CHINA 4th BOC ~300m Retail clients 11,000 branches 2 addressable markets Fund Management ■ A market created in 2001, open to foreign asset managers through JVs and wholly owned companies Regulated by the Financial Markets Authority1 " Wealth Management ■ A market opened in 2019 through the conversion of bank deposits to traditional AM products, accessible to foreign asset managers via majority equity stakes in JVs. Regulated by the banking authority² Other initiatives/ market segments Wholly owned foreign enterprise³ (WOFE) for QDIS (Qualified Domestic Investors) Direct sales to institutional clients from Hong Kong 1. China Securities Regulatory Commission (CSRC) 2. China Banking and Insurance Regulatory Commission (CBIRC) 3. Company with 100% foreign capital, created in 2019 57 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#58China A dynamic market, in transition ASIA 2013-2019:25% 1 CAGR " Rapidly growing market, targeting middle class clients whose investments in financial savings products are increasing ■ Wealth Management: transition from old guaranteed products to new products similar to mutual funds ■ Customer demand transitioning towards more diversified products, with the same focus on return 2019-2025: CAGR > 10 %1 (versus +4% for the global asset management market²) driven by: ■ An increase in the accumulated wealth of individuals and institutional clients ■ Growing demand for retirement savings ■ Growing capital markets, benefiting from product transformation Chinese market AuM (in € trillions)¹ CAGR: 12.5 > 10% 7.2 CAGR: +25% 4.0 55% 1.9 3.2 45% 1.2 0.6 2013 2019 2025 1. Source: estimate McKinsey 2. Source: Oliver Wyman 58 Amundi Investor Presentation - November 2021 Fund Management Segment Wealth Management Segment Amundi CRÉDIT AGRICOLE GROUP#59Asia A pragmatic strategy and ambitious targets Asian JVs (ABC-CA, SBI MF, NH) Asian subsidiaries SBI: #1 in India SBI FUNDS MANAGEMENT PVT. JO €165bn XX AuM end-June 2021 ASIA NH: #3 in South Korea Ambitious targets in AuM in 2025 ABC: #3 in China NH-Amundi 500 农银汇理基金管理有限公司 €37bn ARC-CA FUND MANAGEMENT CO.,LTD. €45bn €23bn Japan CAGR 2010-June 2021 of 19% €54bn 200 177 153 118 Other Asia 76 42 1. AuM at end-September 2021 in Asia, including existing JVs (ABC-CA, SBI MF and NH) 59 | Amundi Investor Presentation - November 2021 324 300 298 2010 2014 2015 2016 2017 2018 2019 2020 9M 2021 2025 Amundi CRÉDIT AGRICOLE GROUP#60ASIA Asia An area experiencing rapid growth with a growing weight in the global asset management market The Asian market has grown twice as fast as the global market since 20081 Asia represents 13% of the global asset management market (versus 5% in 2008)1 AuM in trillions of euros 2 CAGR of 16% 10 Rest of world Asia 13% 14% 26% 2008 2019 Europe United States 47% 1. Source: global asset management market in 2020 according to BCG. 2. Source: Broadridge, June 2020, excluding money market funds and fund of funds Note: the Middle East is included in the Rest of world 60 | Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#6108 Appendices business development 61 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#62Success of SBI MF in India INDIA Strong growth of SBI MF's AuM since 2015 SBI MF: #1 among asset managers in India in 2021 SBI MUTUAL FUND Won 2 institutional mandates 128 136 74 GHDFC MUTUAL FUND ICICI PALLUVIAL MUTUAL FUND uti kotak A PARTNER FOR LIF 16.3%² 54 39 32 24 17 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 2021 Nippon india Mutual Fund 1. Net inflows include assets under advisory and assets sold and take into account 100% of the Asian JVs' inflows and assets under management. For Wafa in Morocco, assets are reported on a proportional consolidation basis. 2. Market share of open-ended funds at end of December 2020. Source: AMFI India. 3. Channel business: << Non Standard >> low margin products 62 | Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#63Significant increase of JVs' contribution to earnings 1 Share of net income of equity- accounted entities (JVS) 16 17 25 28 25 CAGR 2013-2020 +22% 50 50 46 40 66 11 18 16 €m 33 33 Other JVs 7 ABC CA (China) 39 SBI MF (India) 22 22 T 2013 2014 2015 2016 2017 2018 2019 2020 1- Equity-accounted entities are those JVs in which Amundi has a minority or non-controlling interest 63 | Amundi Investor Presentation - November 2021 JVS Amundi CRÉDIT AGRICOLE GROUP#64Margins up slightly due to favourable market conditions and an improved product/customer mix Retail Institutionals excl. CA & SG insurers CA & SG insurer mandates Average margin 1. Excluding performance fees. Net fee and commission income (€m)¹ Margins on average assets excluding JVs (bp)1 -5.1% +12.1% 919 977 872 45,2 42,8 42,3 H1 2019 H1 2020 H1 2021 H1 2019 H1 2020 H1 2021 +14.7% +2.8% 296 251 258 10,3 10,4 10,2 H1 2019 H1 2020 H1 2021 H1 2019 H1 2020 H1 2021 +8.6% +6.1% 69 75 80 3,2 3,3 3,4 H1 2019 H1 2020 H1 2021 H1 2019 H1 2020 H1 2021 +12.3% -2.8% 18,7 17,7 18,0 1,239 1 353 1 205 H1 2019 H1 2020 H1 2021 H1 2019 H1 2020 H1 2021 64 | Amundi Investor Presentation - November 2021 Amundi#6565 59 - Key sensitivities Key sensitivities Equities +/-10% +/- €25-30bn of AuM Fixed Income +/- 100bps -/+ €30-35bn of AuM €80-85m of revenues (run-rate, excl. performance fees) €35-40m of revenues (run-rate, excl. performance fees) These market sensitivities do not take into account potential impact on net inflows Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#66Morningstar ranking of open-ended funds Open-ended funds¹: around 70% of AuM > 1 year in the top 2 quartiles Morningstar fund rankings by AuM 5 years 1 year 20% 3 years 6% 7% 21% 24% 71% 73% 22% 24% 49% 50% 1st quartile 13% 62% 17% 2nd quartile 3rd quartile 4th quartile 45% 609 funds €443bn 761 funds €493bn 934 funds - €531bn 188 Amundi funds² with a 4- or 5-star Morningstar rating MORNINGSTAR XX% Data at end- September 2021 1. Source: Morningstar Direct, open-ended funds and ETFs, global scope, excluding feeder funds, end of September 2021. 2. There were 596 Morningstar-rated open-ended Amundi funds at the end of September 2021. © 2019 Morningstar. All rights reserved. 66| Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#67AuM and inflows by client segment Assets under management¹ at 30 September 2021 and 2020 Net inflows by client segment in Q3 2021/2020 and 9M 2021/2020 AuM (€bn) 30.09.2021 AuM 30.09.2020 % chg. /30.09.2020 Inflows Q3 2021 Inflows Q3 2020 Inflows Inflows 9M 2021 9M 2020 French networks 121 109 11.5% -1.3 2.5 -2.6 3.8 International networks 165 138 19.8% 5.4 -0.2 13.8 -2.9 o/w Amundi BOC WM 7 3.3 6.8 Third-party distributors 212 180 18.2% 4.4 2.9 12.3 2.3 Retail (excl. JVs) 499 426 17.0% 8.5 5.2 23.5 3.2 Institutionals and sovereigns 428 389 10.1% 5.2 9.3 -5.1 7.8 Corporates 85 79 7.6% -1.0 10.2 -11.5 1.7 Employee Savings 76 62 23.5% -0.5 0.5 2.3 3.4 CA & SG insurers 471 458 3.0% 0.6 1.4 -0.5 -6.2 Institutionals 1,060 987 7.4% 4.3 21.4 -14.8 6.7 JVs3 252 249 1.2% -12.7 8.1 -14.1 20.8 TOTAL 1,811 1,662 8.9% 0.2 34.7 -5.4 30.7 Average 9M AuM (excl. JVs) 1,532 1,381 10.9% I 1. Assets under management and inflows including Sabadell AM as of Q3 2020 and Amundi BOC WM as of Q1 2021 include assets under advisory and assets sold and take into account 100% of the inflows and assets under management of the Asian JVs. For Wafa in Morocco, assets are reported on a proportional consolidation basis. 2. Including funds of funds. 3. Including -€4.1bn in outflows from "channel business" products in China in Q3 2021 and a one-off redemption for €11.6bn in Q3 2021. 67 Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#68AuM and inflows by asset class and region Assets under management¹ at 30 September 2021 and 2020 Net inflows by asset class in Q3 2021/2020 and 9M 2021/2020 AuM AuM % chg. Inflows Inflows Inflows Inflows (€bn) 30.09.2021 30.09.2020 /30.09.2020 Q3 2021 Q3 2020 9M 2021 9M 2020 Equities 334 243 37.4% 2.6 3.3 13.1 9.9 Multi-asset 298 251 19.0% 8.5 1.3 26.3 -4.0 Bonds 646 625 3.4% 3.9 -0.9 6.7 -10.2 Real, alternative and structured 5.7% assets 95 90 -0.1 1.0 0.4 3.6 MLT ASSETS excl. JVs 1,373 1,208 13.7% 15.0 4.7 46.5 -0.8 Treasury Products excl. JVs 186 205 -9.4% -2.2 22.0 -37.7 10.7 ASSETS excl. JVs 1,559 1,413 10.3% 12.8 26.7 8.7 9.9 JVs 252 249 1.2% -12.7 8.1 -14.1 20.8 TOTAL 1,811 1,662 8.9% 0.2 34.7 -5.4 30.7 o/w MLT Assets o/w Treasury products 1,595 1,429 11.7% 3.5 15.9 32.0 22.1 216 233 -7.6% -3.3 18.8 -37.3 8.6 Assets under management' at 30 September 2021 and 2020 Net inflows by geographical area in Q3 2021/2020 and 9M 2021/2020 AuM AuM (€bn) 30.09.2021 30.09.2020 % chg. /30.09.2020 Inflows Q3 2021 Inflows Q3 2020 Inflows Inflows 9M 2021 9M 2020 France² 935 892 4.8% 2.2 17.3 -26.1 13.2 Italy 192 171 12.0% 0.8 -0.4 6.8 -2.7 Europe excl. France and Italy 254 201 26.4% 4.7 10.6 16.7 12.1 Asia³ 324 303 6.8% -9.0 8.6 -3.3 14.2 Rest of world4 106 94 12.4% 1.4 -1.3 0.4 -6.1 TOTAL TOTAL excl. France 1,811 876 1,429 537 26.7% 63.3% 0.2 34.7 -5.4 30.7 -2.0 17.4 20.7 17.6 1. Assets under management and inflows including Sabadell AM as of Q3 2020 and Amundi BOC WM as of Q1 2021 include assets under advisory and assets sold and take into account 100% of the inflows and assets under management of the Asian JVs. For Wafa in Morocco, assets are reported on a proportional consolidation basis. 2. Of which €451bn for CA & SG insurers. 3. Including -€4.1bn in outflows from "channel business" products in China in Q3 2021 and a one-off redemption for -€11.6bn in Q3 2021. 4. Mostly the United States. 68 | Amundi Investor Presentation - November 2021 Amundi CRÉDIT AGRICOLE GROUP#69Contacts and calendar Investors & analysts Anthony Mellor Head of Investor Relations [email protected] Tel.: +33 1 76 32 17 16 Mobile: +33 6 85 93 21 72 Thomas Lapeyre Investor Relations [email protected] Tel: +33 1 76 33 70 54 Mobile: +33 6 37 49 08 75 Calendar Publication of 2021 annual results: 9 February 2022 Publication of Q1 2022 results: 29 April 2022 AGM for the 2021 financial year: 18 May 2022 Publication of Q2 and H1 2022 results: 29 July 2022 Publication of Q3 and 9M 2022 results: 28 October 2022 69 | Amundi Investor Presentation - November 2021 Amundi shares Tickers AMUN.PA AMUN.FP Main indexes SBF 120 FTSE4Good MSCI www.amundi.com 91-93, boulevard Pasteur, 75015 Paris - France Amundi CRÉDIT AGRICOLE GROUP