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Credit Suisse Group AG announces start of share buyback

Credit Suisse Group AG will commence its share buyback program on January 14, 2019, following the announcement of the program at Investor Day on December 12, 2018.

The Board of Directors of Credit Suisse Group AG approved a buyback of Credit Suisse Group AG shares of up to CHF 1.5 billion in 2019. Credit Suisse Group AG expects to buy back shares of at least CHF 1.0 billion until the end of 2019, subject to market and economic conditions.

Credit Suisse Group AG will acquire its own shares on a second trading line on SIX Swiss Exchange subject to deduction of applicable Swiss federal withholding tax. The repurchased shares are expected to be cancelled by means of a capital reduction to be proposed at a future annual general meeting of shareholders.

Detailed information on the share buyback can be found in the buyback notice which is available on https://www.credit-suisse.com/corporate/en/investor-relations/corporate-and-share-information/share-information/share-capital-and-statistics.html.