Corporate Press Release

Press Release

Credit Suisse Group completes sale of Winterthur to AXA

Credit Suisse Group announced today that it has completed the sale of 100% of Winterthur Swiss Insurance Company ("Winterthur") to AXA, finalizing the agreement first announced on June 14, 2006. Under the agreement, Credit Suisse Group received a cash payment of CHF 12.3 billion. In addition, AXA redeemed GBP 500 million (approximately CHF 1.1 billion) of intercompany hybrid debt outstanding between Credit Suisse Group and Winterthur.