Financial News

Annual General Meeting of Credit Suisse Group
All proposals put forward by the Board of Directors approved

At Credit Suisse Group's Annual General Meeting today in Zurich, shareholders approved all of the proposals put forward by the Board of Directors. Notably, shareholders approved the re-election to the Board of Directors of six members, whose terms of office expire today. Peter Brabeck-Letmathe, who is among the six members re-elected to the Board, will serve as Vice Chairman. Shareholders also approved the payment of an increased cash dividend of CHF 2.50 per share for the financial year 2007.

Credit Suisse Group reports net loss of CHF 2.1 billion in the first quarter of 2008

Credit Suisse Group reported a net loss of CHF 2,148 million in the first quarter of 2008, compared with net income of CHF 2,729 million in the first quarter of 2007. Net revenues on a core results basis were CHF 3,019 million in the first quarter of 2008, down 72% from the first quarter of 2007.

Credit Suisse Group appoints Rob Shafir as CEO of the Asset Management division

Credit Suisse Group announced today that Rob Shafir has been appointed CEO of the Asset Management division. Mr. Shafir is assuming the role from David Blumer, who has accepted a senior position at Swiss Re.

Proposals to the Annual General Meeting of Credit Suisse Group on April 25, 2008

The Board of Directors of Credit Suisse Group today announced its proposals to the Annual General Meeting on April 25, 2008. The Board of Directors proposes six current members for re-election: Thomas W. Bechtler, Robert H. Benmosche, Peter Brabeck-Letmathe, Jean Lanier, Anton van Rossum and Ernst Tanner. In addition, the Board proposes the payment of an increased cash dividend of CHF 2.50 per share for the financial year 2007, as previously announced.

Credit Suisse Group completes review related to revaluation of certain asset-backed securities positions in its CDO trading business

Credit Suisse Group today announced the completion of an internal review related to the revaluation of certain asset-backed securities positions in the Collateralized Debt Obligations (CDO) trading business within its Investment Banking division. Credit Suisse recorded a total valuation reduction of CHF 2.86 billion (USD 2.65 billion), of which CHF 1.18 billion is related to the fourth quarter of 2007, and CHF 1.68 billion to the first quarter of 2008. Net income for Credit Suisse for the fourth quarter and full-year 2007 has been revised by CHF 789 million to CHF 540 million, and CHF 7'760 million, respectively.

Credit Suisse Group Appoints Karl Landert as Chief Information Officer

Credit Suisse announced today that Karl Landert has been appointed Chief Information Officer (CIO) of Credit Suisse. Karl will report directly to Brady W. Dougan, Chief Executive Officer of Credit Suisse and will continue to be based in Zurich. In his new role, Karl will focus on continuing to enhance our integrated IT platform while partnering closely with the businesses.

Repricing of certain asset-backed positions

Further to its commitment to provide transparency, Credit Suisse today announced that in connection with the operation of ongoing control processes, it has undertaken an internal review that has resulted in the repricing of certain asset-backed positions in its Structured Credit Trading business within Investment Banking. The current total fair value reductions of these positions, which reflect significant adverse first quarter 2008 market developments, are estimated at approximately USD 2.85 billion (having an estimated net income impact of approximately USD 1.0 billion). In the first quarter to date, we estimate we remain profitable after giving effect to these reductions. The final determination of these reductions will depend on further results of our review and continuing market developments. We will also assess whether any portion of these reductions could affect 2007 results. Finally, our internal review, which has identified mismarkings and pricing errors by a small number of traders in certain positions in our Structured Credit Trading business, is continuing.

Disclosure Pursuant to Article 21 of the Swiss Stock Exchange Act

In a disclosure report of February 13, 2008 pursuant to Article 21 in connection with Article 20 paragraph 1 of the Swiss Stock Exchange Act, Credit Suisse Group was notified that Olayan Investments Company Establishment currently holds 40,000,000 registered shares of Credit Suisse Group, which corresponds to 3.44% of the voting rights entered in the commercial register. This notification was issued due to the new reporting threshold of 3% in effect since December 1, 2007, lowered from the former 5%.

Credit Suisse Group reports record income from continuing operations of CHF 8.5 billion for 2007

Credit Suisse Group reported income from continuing operations of CHF 8,549 million for the full year 2007, an increase of 3% compared to 2006. Net revenues on a core results basis also increased 3% to CHF 36,130 million in 2007. Net income in 2007 was CHF 8,549 million, down from CHF 11,327 million in 2006, which included income from discontinued operations of CHF 3,070 million. Diluted earnings per share from continuing operations for 2007 were CHF 7.65 compared to CHF 7.19 for 2006, and were CHF 1.21 for the fourth quarter of 2007 compared to CHF 2.29 for the fourth quarter of 2006. The return on equity was 19.8% in 2007 and 12.4% in the fourth quarter of 2007.

Credit Suisse Group appoints Eric Varvel to Executive Board as Chief Executive Officer of Europe, Middle East and Africa

Credit Suisse Group is pleased to announce that Eric Varvel has been appointed Chief Executive Officer of the Europe, Middle East and Africa (EMEA) region. In this role, Eric Varvel will report to Brady W. Dougan, Chief Executive Officer of Credit Suisse, and will be a member of the Executive Board. He will be based in London and assumes his role on February 1, 2008.

Credit Suisse Completes Acquisition of Majority Interest in Hedging-Griffo, a Leading Brazilian Wealth Manager

Credit Suisse announced today that it has completed the acquisition of a majority interest (50 percent, plus one share) in Hedging-Griffo, a leading independent asset management and private banking firm in Brazil for CHF 421 million (USD 364 million / BRL 635 million). The transaction has been approved by the Central Bank of Brazil. The initial purchase price represents a majority voting and economic interest in the business.

Credit Suisse Group reports net income of CHF 1.3 billion for the third quarter of 2007

Credit Suisse Group today reported income from continuing operations and net income of CHF 1,302 million for the third quarter of 2007, reflecting lower results in Investment Banking and Asset Management. Private Banking remained strong, with significant increases in both income from continuing operations before taxes and net revenues compared to the third quarter of last year.

Merrill Lynch Banking & Insurance CEO Conference 2007 on October 3, 2007

Brady Dougan, CEO of Credit Suisse Group, presents at the Merrill Lynch European Banking and Insurance Conference in London.
Audio webcast playback

Credit Suisse announces that it was profitable during the third quarter of 2007

Today Credit Suisse Group announced that it was profitable during the third quarter.

Credit Suisse Group appoints Kai Nargolwala to Executive Board as CEO Asia-Pacific

Credit Suisse Group is pleased to announce that Kai Nargolwala has been appointed Chief Executive Officer of the Asia-Pacific region. In this role, Mr. Nargolwala will report to Brady W. Dougan, Chief Executive Officer of Credit Suisse, and will be a member of the Executive Board. He will be based in Hong Kong and will assume his new responsibilities on January 1, 2008.

Credit Suisse Group reports net income of CHF 3.2 billion for the second quarter of 2007

Credit Suisse Group today announced net income of CHF 3,189 million for the second quarter of 2007. Income from continuing operations increased 70% from the same period a year earlier. Diluted earnings per share were CHF 2.82, up from CHF 1.86 in the same period a year earlier.

Disclosure according to Art. 28 of the AR EU based on the revised Stock Exchange Ordinance

Credit Suisse Group's own holdings of equity securities exceeded the disclosure threshold of 15% of voting rights entered in the Commercial Register on July 1, 2007. Its holdings comprised 221,475,735 registered shares and options, which correspond to 18.23% of voting rights. This includes 5.64% of own shares that were purchased during share buyback programs and are due to be cancelled. This disclosure notification is being made on the basis of the new calculation model that entered into effect on July 1, 2007, and forms part of the Ordinance of the Federal Banking Commission (FBC) on Stock Exchanges and Securities Trading.

Credit Suisse Group Simplifies the Organization of its Executive Boards

Credit Suisse Group simplifies the organization of its Executive Boards as of July 1, 2007. The Executive Board of Credit Suisse Group (the holding company) is now identical with that of Credit Suisse (the bank).

Annual General Meeting of Credit Suisse Group
All Proposals of the Board of Directors Approved

At Credit Suisse Group's Annual General Meeting today in Zurich, shareholders approved all of the proposals put forward by the Board of Directors. Oswald J. Grübel, who stepped down as CEO of Credit Suisse Group at the meeting, was thanked by Walter B. Kielholz, Chairman of the Board of Directors, for his significant contribution to the Group over almost 40 years.

Credit Suisse Group reports net income of CHF 2.7 billion for the first quarter of 2007

Income from continuing operations grew 17% in the first quarter of 2007 compared to the first quarter of 2006. The return on equity improved to 25.2% in the first quarter of 2007, from 24.4% in the same period of 2006. Diluted earnings per share were CHF 2.42 in the first quarter of 2007, compared to CHF 2.21 in the first quarter of 2006. Credit Suisse generated net new assets of CHF 15.2 billion in Wealth Management and CHF 29.0 billion in Asset Management.

Asia Pacific Investor Forum

The Credit Suisse Asia Pacific regional management team met with investors and financial analysts in Hong Kong to update them on its plans of growth opportunities for the integrated bank.

Management Changes in Europe, Middle East and Africa Region

Credit Suisse Group announced today that Leonhard H. Fischer, Chief Executive Officer for Credit Suisse in the Europe, Middle East and Africa region (EMEA), has resigned with immediate effect to pursue a career opportunity outside the bank.

Proposals to the Credit Suisse Group Annual General Meeting

The Board of Directors of Credit Suisse Group today published its proposals to the Annual General Meeting of May 4, 2007. The Board of Directors proposes the re-election of the current Board members Noreen Doyle, Aziz R.D. Syriani, David W. Syz and Peter F. Weibel for a further term of office. As previously announced, the Board of Directors also proposes a cash dividend of CHF 2.24 per share and a par value reduction of CHF 0.46 per share. In addition, the Board of Directors recommends a new share repurchase program of up to CHF 8 billion.

Credit Suisse Group to Centralize Capital Markets Funding Activities

Credit Suisse Group today announced that it plans to centralize its capital markets funding activities. This will simplify the Group's issuance structure and align its capital markets activities with the integrated banking model. With effect from March 31, 2007, new securities for funding and capital purposes will primarily be issued by Credit Suisse, the principal operating subsidiary of Credit Suisse Group.

Credit Suisse Group completes share repurchase program

Credit Suisse Group announced today that it has successfully completed the share repurchase program initiated on May 9, 2005. Credit Suisse Group repurchased 87,789,000 of its shares. This corresponds to a total repurchase value of CHF 6 billion.

Credit Suisse Group Reports Net Income of CHF 11.3 Billion for 2006

Credit Suisse Group will today present its fourth-quarter and full-year 2006 results to analysts and the media. You can follow the live webcast on the Internet from 09:30 CET (GMT +01:00). In addition, you can follow the presentation live via telephone conference. The Press Release, Quarterly Report and other accompanying documentation can be downloaded from the Info Kit.

Oswald J. Grübel to retire as Chief Executive Officer
Credit Suisse Group Board of Directors Names Brady Dougan as his successor
Paul Calello appointed CEO of Investment Banking
Robert Shafir to join Credit Suisse as CEO of the Americas

Credit Suisse Group announced today that its Board of Directors has appointed Brady Dougan as the successor to Oswald J. Grübel, Chief Executive Officer, with effect from May 5, 2007. Oswald J. Grübel has informed the Board of his intention to retire at the Annual General Meeting on May 4, 2007.

Credit Suisse Group Investor Day

The Executive Board of Credit Suisse is today meeting with investors and financial analysts in Zurich to update them on its plans for global growth and to provide further details on the revenue improvements and cost synergies in the integrated bank.

Credit Suisse Group appoints Leonhard Fischer CEO of EMEA region; Michael Philipp Chairman of EMEA region

Credit Suisse Group is pleased to announce that Leonhard Fischer, Chief Executive Officer of Winterthur, will be appointed Chief Executive Officer of the Europe, Middle East and Africa (EMEA) region. In this role, Leonhard Fischer will report to Oswald J. Grübel, Chief Executive of Credit Suisse and will join the Executive Board of the bank. He will be based in London and will assume his new responsibilities on March 1, 2007.

Michael Philipp, CEO of the EMEA region, will become Chairman of Credit Suisse in the EMEA region. In this new role, Michael Philipp will focus on expanding the bank's strategic client relationships with a particular focus on the Middle East. He will also continue to play a key role developing strategy with Leonhard Fischer and driving specific initiatives in the EMEA region. Michael Philipp will remain a member of the Executive Board and will continue to report to Oswald J. Grübel. He will be based in London and assume his new responsibilities on March 1, 2007.

Credit Suisse Group completes sale of Winterthur to AXA

Credit Suisse Group announced today that it has completed the sale of 100% of Winterthur Swiss Insurance Company ("Winterthur") to AXA, finalizing the agreement first announced on June 14, 2006. Under the agreement, Credit Suisse Group received a cash payment of CHF 12.3 billion. In addition, AXA redeemed GBP 500 million (approximately CHF 1.1 billion) of intercompany hybrid debt outstanding between Credit Suisse Group and Winterthur.

Credit Suisse To Acquire Majority Interest in Hedging-Griffo, A Leading Brazilian Wealth Manager

Credit Suisse announced today that it has signed an agreement to acquire a majority interest in Hedging-Griffo, a leading independent Asset Management and Private Banking company in Brazil for CHF 358 million in cash (USD 294 million/BRL 635 million). The acquisition supports Credit Suisse's integrated bank strategy by adding significant scale to its onshore Asset Management and Private Banking businesses, and complements Credit Suisse's position as the premier Investment Bank in Brazil. Credit Suisse will acquire a 50 percent stake in Hedging-Griffo, plus one share, which corresponds to approximately 9.5x current year earnings. Under the terms of the transaction, the parties have entered into an option arrangement whereby Credit Suisse may acquire, and the current shareholders may sell, the remaining stake in Hedging-Griffo after five years.

Credit Suisse Expands Investor Relations into the US

Credit Suisse is pleased to announce that Eva Radtke has been named Director of Investor Relations in North America, a new position based in New York reporting to Ian Roundell, Global Head of Investor Relations.

Credit Suisse Group reports net income of CHF 6.7 billion for the first nine months of 2006 and net income of CHF 1.9 billion for the third quarter

On November 2, 2006, Credit Suisse Group presented its third-quarter 2006 results. The press release, Quarterly Report, and other accompanying documentation are available for download in the Info Kit. Audio recordings are available for replay.

Disclosure Notification according to Art. 21 of SESTA Stock Exchange Act

Credit Suisse Group was informed through disclosure notifications on September 19 and 20, 2006, that AXA S.A.'s holdings of Credit Suisse Group shares have now exceeded 5% of the voting rights entered in the Commercial Register. As of September 15, 2006, AXA. S.A. held 84,689,336 registered shares in Credit Suisse Group, corresponding to 6.98% of the voting rights.

Credit Suisse Group reports net income of CHF 4.8 billion for the first half of 2006

Credit Suisse Group will today present its second-quarter 2006 results to analysts and the media. You can follow the live webcast on the Internet from 10:00 a.m. CEST (GMT +02:00). The press release, Quarterly Report and other accompanying documentation can be downloaded from the Info Kit.

Release of restated financial history

Following the previously announced agreement to sell Winterthur, this business will be presented as discontinued operations in accordance with US GAAP. A spreadsheet providing restated historic financials is available now.

Credit Suisse Group sells Winterthur to AXA

Credit Suisse Group today announced that it has entered into a definitive agreement for the sale of Winterthur Swiss Insurance Company ("Winterthur"), its insurance business, to AXA for a cash consideration of CHF 12.3 billion. AXA will acquire 100% of Winterthur. The transaction is subject to customary regulatory approvals and closing conditions and is expected to close around year-end 2006.

Credit Suisse Group reports net income of CHF 2.6 billion for the first quarter of 2006

Credit Suisse Group will today present its first-quarter 2006 results to analysts and media representatives. You can follow the live audio webcast on the Internet from 10:00 a.m. CEST (BST +01:00). The press release, Quarterly Report and other accompanying documentation can be downloaded from the Info Kit.

Annual General Meeting of Credit Suisse Group:
All Proposals of the Board of Directors Approved

The shareholders of Credit Suisse Group have approved all of the proposals put forward by the Board of Directors at the Annual General Meeting of April 28, 2006.

Credit Suisse Group presents revised segment financial results to reflect new reporting structure

Credit Suisse Group today presents its revised segment financial results for the fiscal years 2005, 2004 and 2003 for its Credit Suisse banking business and its Winterthur insurance business. This follows the launch of the integrated global bank on January 1, 2006. These revised segment results reflect the Group's new reporting structure, effective from the first quarter of 2006. Under the new structure, Credit Suisse Group will have a separate reporting segment for each of its three banking divisions, and a separate and single reporting segment for Winterthur. The revised segment results do not affect the Group's previously reported consolidated financial results.

Proposals to the Credit Suisse Group Annual General Meeting of April 28, 2006

The Board of Directors of Credit Suisse Group today published its proposals to the Annual General Meeting of April 28, 2006. Richard E. Thornburgh has been nominated to become a new member of the Board of Directors. Furthermore, the Board of Directors proposes the re-election of Walter B. Kielholz and Hans-Ulrich Doerig for another term of office. As previously announced, the Board of Directors also proposed using profits from the 2005 business year to pay a dividend of CHF 2.00 per share.

Credit Suisse Group reported net income of CHF 5.9 billion for 2005

On February 15, 2006, Credit Suisse Group presented its fourth-quarter and full-year 2005 results to analysts and the media. The media release, the Quarterly Report, as well as all other accompanying documentation can be downloaded from the Info Kit. Video Recordings are available for replay.

Credit Suisse Group announces a change to its accounting treatment of share-based compensation awards

Credit Suisse Group today announced a change to its accounting treatment of certain share-based compensation awards. This follows recent guidance and discussions with US Securities and Exchange Commission (SEC) staff through February 10, 2006, regarding the appropriate period over which to expense share-based compensation awards that have a non-competition provision with scheduled vesting beyond an employee's eligibility for early retirement. As a result, the Group will record a non-cash charge in the fourth quarter of 2005 for certain share-based compensation awards granted in 2005. This will result in a CHF 630 million increase in banking compensation and benefits and a CHF 421 million reduction in net income for the fourth quarter and full year 2005. This non-cash charge represents an acceleration of compensation expenses that would otherwise have been reflected in future years.

Credit Suisse Group Investor Day 2005

Credit Suisse Group is today holding its Investor Day 2005 in London. You can view the live webcast on the Internet from 10:30 CET (09:30 GMT) until approximately 16:30 CET (15:30 GMT). The media release and the presentations can be downloaded from the Info Kit.

Final Reports confirm Winterthur wins the dispute with XL regarding the Seasoned Net Reserves Amount and the Seasoned Net Premium Receivable Amount.

Credit Suisse Group today announced that the Independent Actuary designated in the Sale and Purchase Agreement (SPA) between XL Insurance (Bermuda) Limited ("XL") and Winterthur Swiss Insurance Company ("Winterthur") regarding the sale of Winterthur International in 2001, has released the Final Reports regarding the estimates of the Seasoned Net Reserves Amount and the Seasoned Net Premium Receivable Amount.

The Independent Actuary presents Draft Reports in favor of Winterthur regarding the dispute between XL Insurance (Bermuda) Limited and Winterthur Swiss Insurance Company. Final Reports expected for December 5.

Credit Suisse Group today announced that the Independent Actuary designated in the Sale and Purchase Agreement (SPA) between XL Insurance (Bermuda) Limited ("XL") and Winterthur Swiss Insurance Company ("Winterthur") regarding the sale of Winterthur International in 2001 has released a Draft Report regarding the estimate of the Seasoned Net Reserves Amount. According to the report, the Independent Actuary's draft conclusion of reserve liability is closer to the estimate submitted by Winterthur. That amount, already provided for in the Winterthur accounts, is expected to become the relevant Seasoned Net Reserves Amount payable to XL.

On November 2, 2005, Credit Suisse Group presented its third quarter 2005 results

The media release, the Quarterly Report, and other accompanying documentation are available for download in the Info Kit. Audio recordings are available for replay.

On August 3, 2005, Credit Suisse Group presented its second quarter 2005 results

The media release, the Quarterly Report, and other accompanying documentation are available for download in the Info Kit. Audio/Video recordings are available for replay.

Credit Suisse Group adopts a new version of the Credit Suisse brand with a new logo as its single brand

Credit Suisse Group today announced that following the merger of its two Swiss banks in May and the appointment of the Executive Board for its Banking Business last week, it has decided to adopt a single brand for its Banking Business. As of January 1, 2006 a new Credit Suisse logo will represent the Private Banking, the Corporate and Investment Banking and the Asset Management divisions.

Credit Suisse Group announces the appointment of the members of the Executive Board for its Banking Business

Credit Suisse Group today announced the members of the new Executive Board for its Banking Business, with effect from January 1, 2006.

Credit Suisse Group completes the merger of its two Swiss banking units

Credit Suisse Group today completed the previously announced merger of its two Swiss banks, Credit Suisse and Credit Suisse First Boston.

Credit Suisse Group reports net income of CHF 1.9 billion for the first quarter of 2005

On May 4, 2005, Credit Suisse Group presented its first quarter 2005 results. The media release, the Quarterly Report, and other accompanying documentation are available for download in the Info Kit. Audio recordings are available for replay.

Credit Suisse Group Announces Changes to the Corporate Governance Structure of Winterthur Group
Election of New Boards of Directors at Winterthur

Credit Suisse Group today announced changes to the corporate governance structure of Winterthur Group, in line with the repositioning of the insurance business within the company. The Boards of Directors of "Winterthur" Swiss Insurance Company and Winterthur Life have been newly elected and will be chaired by Oswald J. Grübel, CEO of Credit Suisse Group, effective immediately.

Credit Suisse Group's Annual General Meeting 2005

On April 29, Credit Suisse Group held its Annual General Meeting 2005. The speeches and other documents published in connection with the Annual General Meeting are available in the Info Kit. Video recordings of the event are available for replay.

Credit Suisse Group to Merge Banking Units

Credit Suisse Group announced today that it expects to merge its two Swiss banks Credit Suisse and Credit Suisse First Boston on May 13, 2005, subject to final internal and regulatory approvals.

Credit Suisse Group Announces Proposals to its Annual General Meeting of Shareholders on April 29, 2005

The Board of Directors of Credit Suisse Group today announced its proposals to the Annual General Meeting of Shareholders on April 29, 2005. Items on the agenda include the proposal that Anton van Rossum and Jean Lanier be newly elected to the Board of Directors and that four existing Board Members be re-elected. The Board additionally proposes the payment of a dividend of CHF 1.50 per share for the fiscal year 2004 and is requesting shareholder authorization for the launch of a two-year share buyback program, as previously announced.

Credit Suisse Group reports net income of CHF 5.6 billion for the full year 2004

On February 17, 2005, Credit Suisse Group presented its fourth quarter and full-year 2004 results live on the Web and by telephone. The media release, the Quarterly Report, and other accompanying documentation are available for download in the Info Kit. Video/Audio recordings are available for replay.

Increase in the provision recorded by Winterthur in connection with the sale of Winterthur International in the amount of CHF 310 million

Credit Suisse Group today announced that its subsidiary Winterthur Group has recorded a CHF 310 million increase in its provision (pre-tax) for contingencies relating to the sale of Winterthur International to XL Insurance (Bermuda) Limited in 2001. Winterthur Group has undertaken an extensive analysis of recently provided data relating to a three-year reserve-seasoning exposure, utilizing third-party specialists to assist in estimating the reserves required for such liabilities. On the basis of the facts known, Credit Suisse Group believes that the currently recorded provision is adequate to cover the contingencies related to this transaction.

Credit Suisse Group Investor Day

On December 7, Credit Suisse Group held its Investor Day 2004. The media release and the presentations can be downloaded from the Info Kit. Video/Audio recordings of the presentations are available for replay.

Charles Naylor Appointed New Chief Communications Officer of Credit Suisse Group
Thomas D. Bell Steps Down From the Board of Directors

Credit Suisse Group today announced the appointment of Charles Naylor as its new Chief Communications Officer (CCO), effective December 6, 2004. The Group also announced that Thomas D. Bell steps down from its Board of Directors.

Credit Suisse Group Reports Net Income of CHF 4.7 Billion for the First Nine Months of 2004

On November 4, 2004, Credit Suisse Group presented its third quarter 2004 results live via audio webcast and by telephone. The media release, the Quarterly Report, and other accompanying documentation are available for download in the Info Kit. Audio recordings are available for replay.

Winterthur to sell L'Unique Compagnie d'Assurance Générales

Winterthur announced today that it is selling its Canadian subsidiary L'Unique Compagnie d'Assurances Générales to La Capitale Assurances Générales Inc. The transaction price is CAD 48 million. Subject to approval by the appropriate regulators, the transaction is expected to be completed by mid-November. Following the divestiture, Winterthur's presence in the Canadian insurance market continues via its other subsidiary The Citadel, headquartered in Toronto.

Credit Suisse Group Reports Net Income of CHF 3.3 Billion for the First Half of 2004

On August 4, 2004, Credit Suisse Group presented its second quarter 2004 results live on the Web and by telephone. The media release, the Quarterly Report, and other accompanying documentation are available for download in the Info Kit. Video/Audio recordings are available for replay.

Credit Suisse Board Sharpens Strategic Focus and Approves New Management Structure

The Board of Directors of Credit Suisse Group today announced a series of strategic initiatives, including structural and management changes designed to take advantage of the Group's improved business momentum and to strengthen integration of its global capabilities.

Credit Suisse Group reports net income of CHF 1.9 billion for the first quarter of 2004

Credit Suisse Group reported net income of CHF 1.9 billion for the first quarter of 2004, compared to net income of CHF 279 million in the first quarter of 2003.
The press release, the Quarterly Report, as well as all other accompanying documents are available for download in the info kit. Audio/video recordings are available for replay.

Annual General Meeting of Credit Suisse Group

The shareholders of Credit Suisse Group have approved all the motions proposed by the Board of Directors at the Annual General Meeting of April 30, 2004. The press releases and speeches, as well as all other accompanying documents are available for download in the info kit. Audio/video recordings are available for replay.

US GAAP financial information

On April 27, 2004, Credit Suisse Group published US GAAP financial information for 2003 and prior years. The Group changed its accounting standard from Swiss GAAP to US GAAP at the beginning of 2004.

Credit Suisse Group's Annual Report

The annual report 2003 and the sustainability report 2003 are now available online.

Credit Suisse Group Corrects its Fourth Quarter and Full-Year 2003 Results

Credit Suisse Group today announced that it has corrected its fourth quarter and full-year 2003 net profit reported under Swiss GAAP from CHF 1.2 billion to CHF 1.0 billion, and from CHF 5.2 billion to CHF 5.0 billion, respectively. The correction is a result of an error in the input data used for the fourth quarter 2003 accounts of DBV-Winterthur in Germany. Credit Suisse Group's Annual Report 2003, reflecting the corrected full-year results, will be available as of March 31, 2004, as planned.

Walter Berchtold to Lead Consolidated Management of Credit Suisse Group's Private and Corporate & Retail Banking

Credit Suisse Group today announced that it will bring together its Private Banking and Corporate & Retail Banking businesses under a joint management structure headed by Walter Berchtold. In addition, the Group said that Urs Rohner will become Group General Counsel, Head of the Group Corporate Center and a Member of the Group Executive Board. These changes are aimed at strengthening the Group's management and structure and at promoting future growth. Further, at the Annual General Meeting on April 30, 2004, the Board of Directors will propose to the shareholders that Noreen Doyle, David W. Syz and Peter F. Weibel be newly elected to the Board.

CSFB Creates New Alternative Capital Division Led by Bennett Goodman

Credit Suisse First Boston (CSFB) today announced that it is combining its world-class franchises in private equity, hedge funds and other alternative assets to create a new Alternative Capital Division. This new division will also include the Firm's Private Fund Group, which is the industry leader in raising capital for LBO and real estate fund managers.

Renato Fassbind to succeed Philip K. Ryan as Chief Financial Officer of Credit Suisse Group, effective August 5, 2004

After five years as Chief Financial Officer of Credit Suisse Group, during which time he made many significant contributions to the Group's finance function including the successful completion of its three-year transition to US GAAP as its primary accounting standard, Philip K. Ryan has decided to step down from his current position this summer. Philip K. Ryan has been with Credit Suisse Group for almost twenty years.

Credit Suisse sells General de Valores Y Cambios brokerage business

Credit Suisse today announced the sale of its Spanish brokerage operation, General de Valores y Cambios Sociedad de Valores S.A. (GVC).

Credit Suisse to sell shareholding in Cornèr Banca S.A.

Credit Suisse is selling its shareholding in Cornèr Banca S.A. to Finmec Holding S.A., the controlling shareholder, which is owned by the Cornaro, Piotrkowski and Dollfus families.

Credit Suisse Group's third quarter 2003 results

Credit Suisse Group announced a net profit of CHF 2.0 billion for the third quarter of 2003, including a gross after-tax gain of CHF 1.6 billion, or CHF 1.3 billion net of related provisions, from divestitures at Winterthur. Additionally, the Group's third quarter 2003 net profit includes the strengthening by CHF 383 million after tax of certain provisions related to Winterthur's current and former international business portfolio.

Salary adjustments as of April 1, 2004

The Staff Council and employer representatives of Credit Suisse Group in Switzerland have signed off this year's salary negotiations. The social partners agreed on a 1.0% payroll increase for individual performance-related salary raises as of April 1, 2004.

Winterthur Group completes sale of its Italian operations to Unipol

Winterthur Group announced today that it has completed the sale of its Italian insurance operations to Unipol Assicurazioni SpA.

Credit Suisse Group reduces level of options outstanding by 48%

Credit Suisse Group announced on August 5, 2003, that it would adopt the fair value based method of expensing future employee option awards and launch an Option Reduction Program, to be conducted on a value-for-value basis under applicable accounting rules with the aim of reducing the number of options outstanding.

Winterthur Group completes sale of Churchill to The Royal Bank of Scotland Group

Winterthur Group announced today that it has completed the sale of its UK non-life insurer Churchill to The Royal Bank of Scotland Group.

Credit Suisse Group doubles net profit in the second quarter 2003 to CHF 1.3 billion and reports net profit of CHF 2.0 billion for the first half 2003

Credit Suisse Group today announced a net profit of CHF 1.3 billion for the second quarter of 2003 and a net profit of CHF 2.0 billion for the first half of 2003. Net profit for the second quarter of 2003 was more than double that of the first quarter of 2003. Credit Suisse First Boston achieved solid results in the second quarter of 2003, driven by strong performance in the Institutional Securities segment. At Credit Suisse Financial Services, both Private Banking and Corporate & Retail Banking increased their operating income substantially, while Winterthur's results continued to improve in the second quarter of 2003, with reduced administration costs in both insurance segments.

Credit Suisse Group to change stock option practices: will begin expensing options and reduce level of options outstanding

The Board of Directors of Credit Suisse Group has decided to adopt a fair value method of expensing future option awards as of the financial year 2003 and to modify its practice with regard to the use of options.

Credit Suisse First Boston agrees to acquire Volaris Advisors

Credit Suisse First Boston is pleased to announce it has agreed to acquire Volaris Advisors, a New York based equity-options strategies firm. Volaris provides yield-enhancement and volatility management services to private clients, foundations, endowments and institutions. Following the closing, Volaris will be aligned with CSFB's Private Client Services business unit, which provides investment advice and solutions to high net worth clients, foundations, endowments and institutions.

Credit Suisse Group reports net profit of CHF 652 million for the first quarter 2003

Credit Suisse Group today announced a net profit of CHF 652 million for the first quarter of 2003, in line with the Group's preliminary outlook announced on April 25, 2003. Credit Suisse First Boston returned to profitability in the first quarter, due in large part to the significantly improved performance of its Institutional Securities segment. Winterthur's results recovered further in the first quarter, with both Life & Pensions and Insurance improving their profitability versus the fourth quarter due primarily to increased investment income, tariff increases and lower administration costs. Private Banking recorded a higher segment profit than in the fourth quarter of 2002, as well as net new assets of CHF 1.5 billion. At the same time, Corporate & Retail Banking reported a significant increase in profitability compared to the weak fourth quarter of 2002.

Credit Suisse First Boston completes sale of Pershing to The Bank of New York

Credit Suisse First Boston (CSFB) announced today that it has completed the sale of its Pershing unit to The Bank of New York Company, Inc. for US$2 billion in cash, together with the repayment of a US$480 million subordinated loan. CSFB and Credit Suisse Group will receive in excess of US$2.5 billion in liquidity and a significant improvement in capital adequacy. As previously announced, the Firm reported an after tax loss of US$250 million for this sale and a charge for this expected loss was reflected in CSFB and Credit Suisse Group's fourth quarter 2002 results. Due to closing adjustments, CSFB delivered entities with US$645 million of equity rather than the US$600 million originally contemplated.

All proposals of the Board of Directors approved

The shareholders of Credit Suisse Group have approved all motions proposed by the Board of Directors at the Annual General Meeting of April 25, 2003.

Credit Suisse Group announces results for fourth quarter and full year 2002

Credit Suisse Group today announced a net loss of CHF 950 million for the fourth quarter and a net loss of CHF 3.3 billion for the full year 2002. Fourth quarter 2002 results were influenced by the continuing financial market weakness, a number of exceptional items and a change in accounting principles to allow for the recognition of deferred tax assets. Winterthur's results recovered in the fourth quarter 2002. Private Banking reported CHF 18.7 billion in net new assets for the full year 2002. Credit Suisse First Boston continued to achieve significant cost reductions, while maintaining strong market positions in its key businesses. Credit Suisse Group is entering 2003 with a stronger balance sheet and an improved capital base. The Group's Board of Directors will propose a dividend of CHF 0.10 per share to the Annual General Meeting on April 25, 2003.

Credit Suisse First Boston to sell Pershing to The Bank of New York

Credit Suisse First Boston announced today that it has entered into a definitive agreement to sell its Pershing unit to The Bank of New York Company, Inc. for US$2 billion in cash, together with the repayment of a US$480 million subordinated loan, as well as an additional contingent payment of up to US$50 million based on future performance. The transaction is expected to close in the first half of this year, subject to regulatory approvals and other conditions. Pershing is a global leader in financial services outsourcing solutions and investment-related products with more than 850 clients worldwide.