Corporate Reporting Press Release

Press Release

Credit Suisse AG announces legal closing of acquisition by UBS and Board of Directors composition

Ad hoc announcement pursuant to Art. 53 LR

Zurich, June 12, 2023 – Credit Suisse AG (Credit Suisse) and UBS Group AG (UBS) confirmed today that the acquisition announced on March 19, 2023, has been consummated.

As it completes the acquisition, UBS announces Board of Director nominations for certain Credit Suisse entities. Subject to regulatory approval, the Credit Suisse AG Board will consist of Lukas Gähwiler (Chair), Jeremy Anderson (Vice-Chair), Christian Gellerstad (Vice-Chair), Michelle Bereaux, Mirko Bianchi (until 30 June 2023), Clare Brady, Mark Hughes, Amanda Norton and Stefan Seiler.

An overview of Board of Director nominations of the key Credit Suisse legal entities is available at: UBS Press Release