Banque Marocaine Du Commerce Exteri
18 April 2007


                             STRATEGIC PARTNERSHIP
                            BETWEEN BMCE BANK GROUP
                    & CAJA DE AHORROS DEL MEDITERRANEO - CAM

                  CAM acquires 5% of  BMCE BANK Share Capital


            Wednesday April 11th, 2007, saw the signing, at the headquarters of
BMCE Bank in Casablanca, of a strategic partnership agreement between Mr. Othman
Benjelloun, CEO of BMCE Bank Group & Mr. Roberto Lopez ABAD, General Manager of
Caja De Ahorros Del Mediterraneo, CAM.


         Under the terms of this agreement, CAM acquires 5% of the capital of
BMCE Bank, and thus, joins the reference foreign shareholders of BMCE Bank. The
total value of the acquisition represents 132 Million Euros, that is 1.483
billion MAD. The settlement of this transaction on the Casablanca Stock Exchange
will be executed as soon as the trading of BMCE shares is resumed.


         CAM, the 4th Spanish Saving Bank in terms of deposits, loans and
consolidated earnings, is located in United States, United Kingdom, Switzerland,
Poland, Mexico, Cuba, Dominican Republic and China.


         With a network of more than 1,000 branches, CAM operates in Banking,
Insurance, Investment funds, Retail activities while capitalising on its
recognized expertise in real estate and a strong experience in the development
of strategic partnerships (GE Capital, Aegon ...). During 2006, the main
financial indicators reached 335 Million Euros for the net earnings, 54.6
billion Euros for deposits and 51.8 billion Euros for loans. As a socially
responsible Bank, CAM allocates 1/4 of its net earnings to social activities.


         Beyond the capital stake, pending the approval of monetary and
regulatory authorities, this agreement represents a real industrial partnership
(i) in the real estate sector in Morocco (ii) in favour of Moroccan living in
Spain (iii) in the merchant bank and International activities, (iv) in the
technical cooperation and (v) in the social field.


         This partnership will provide BMCE Bank with a significant contribution
in the value-creation within the domestic market as well as in the strengthening
of the Ibero-Moroccan commercial and investment exchanges and, ultimately, of
the economic efficient presence of the Kingdom at the regional and international
levels.


Contact : General Secretariat of the Group 

Phone : 022 49 80 10/11 - Fax : 022 26 46 55

Web sites : http://www.bmcebank.co.ma/

            http://www.cam.es/

Public Corporation with a capital of 1,587,513,900 MAD

Headquarters : Casablanca - 140, Hassan II Avenue T.R. Casablanca no 27.129

                      This information is provided by RNS
            The company news service from the London Stock Exchange        LILFILSIITLID