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Credit Suisse Group AG announces start of 2021 share buyback program

Credit Suisse Group AG (Credit Suisse) will commence its share buyback program on January 12, 2021, following the announcement of the program on October 29, 2020.

As announced on October 29, 2020, the Board of Directors of Credit Suisse approved a share buyback program of up to CHF 1.5 billion in 2021, with at least CHF 1.0 billion expected for the full year, subject to market and economic conditions.

Credit Suisse 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 the Share capital & statistics webpage.