Code of Conduct

This Code of Conduct (“Code”) establishes the framework within which Credit Suisse Group and all its subsidiaries (collectively referred to as “Credit Suisse”), as well as Credit Suisse’s directors and employees, conduct business. Credit Suisse’s reputation for integrity and fair dealing requires that we maintain the highest standards of ethics and professionalism at all times. We expect all our directors and employees to pursue our vision and to adhere to the principles and values set out in this Code.

Context

Our vision is to become the world’s premier and most admired bank, renowned for expertise in investment banking, private banking and asset management, and most valued for advice, innovation and excellence.

As the world’s premier bank we want to

• be the best global integrated provider of investment banking, private banking and asset management services
• provide superior returns for shareholders, generate growth and deliver consistent results

As the most admired bank we want to

• foster a culture of excellence and innovation
• place clients and employees at the center of all we do
• act as a good corporate citizen
• promote a work environment designed to attract, develop and retain top talent
• demonstrate clear leadership
• further enhance our reputation and brand

Three core principles guide us in our efforts to achieve our vision

• A relentless focus on the needs of our clients
• Teamwork must be at the heart of all we do
• Our reputation is everything

Board of Directors and Executive Board of Credit Suisse Group
Zurich, June 2008