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  1. Annual General Meeting of Credit Suisse Group AG:
    All proposals put forward by the Board of Directors approved
    Urs Rohner succeeds Hans-Ulrich Doerig as Chairman of the Board

    At today’s Annual General Meeting of Credit Suisse Group AG in Zurich, shareholders approved all of the proposals put forward by the Board of Directors. In particular, they approved the creation of additional conditional capital for the purpose of contingent convertible bonds. Shareholders also voted in favor of a renewal of authorized capital at the current level. Furthermore, shareholders approved the distribution of CHF 1.30 per registered share against reserves from capital contributions. They also approved the 2010 Compensation Report. Three members of the Board of Directors were re-elected: Peter Brabeck-Letmathe, Jean Lanier and Anton van Rossum. Hans-Ulrich Doerig stepped down as Chairman and a member of the Board of Directors as of today and is succeeded by Urs Rohner.

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

    At today’s Annual General Meeting of Credit Suisse Group AG in Zurich, shareholders approved all of the proposals put forward by the Board of Directors. In particular, they approved the re-election of four members of the Board of Directors whose terms of office expired today. Two candidates – Jassim Bin Hamad J. J. Al Thani and Robert H. Benmosche – were newly elected to the Board of Directors. Furthermore, shareholders approved the payment of an increased cash dividend of CHF 2.00 per share for the financial year 2009. They also voted in favor of amendments to the Articles of Association and approved the 2009 Compensation Report.

  3. 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.

  4. 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.

  5. 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.

  6. 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.