Media Release Press Release

Press Release

Credit Suisse Group Announcement

Ad hoc announcement pursuant to article 53 LR

Credit Suisse Group announces that a court in Bermuda is expected to publish shortly a judgment against a local life insurance subsidiary of Credit Suisse AG, Credit Suisse Life Bermuda, potentially totalling in excess of USD 500 million.

Credit Suisse has previously taken reserves against this matter and intends to pursue all available legal actions. We will consider whether any further reserves are required as part of our first-quarter results due to be published on April 27, 2022.