Corporate Press Release

Press Release

Proposals for the Annual General Meeting of April 29, 2011

The Board of Directors of Credit Suisse Group AG today published the agenda for the Annual General Meeting.
– Proposal for the distribution of CHF 1.30 per registered share against reserves from capital contributions
– A consultative vote on the 2010 Compensation Report
– Proposal for amendments to the Articles of Association to provide for an additional 400 million shares in conditional capital thereby maintaining available conditional capital at last year’s levels* and also a renewal of authorized capital at current levels
– Three current members of the Board of Directors are proposed for re-election:
Peter Brabeck-Letmathe, Jean Lanier and Anton van Rossum

The 2010 Annual Report is available online as of 07:30 CET today.

The Board of Directors of Credit Suisse Group AG today announced its proposals for the Annual General Meeting of April 29, 2011. Credit Suisse Group AG today published its 2010 Annual Report, which includes the Compensation Report, as well as its Corporate Responsibility Report and Company Profile.

For the Annual General Meeting of April 29, 2011 the Board of Directors of Credit Suisse Group AG proposes, as previously announced, the distribution of CHF 1.30 per registered share against reserves from capital contributions. If the motion is approved by the Annual General Meeting, the distribution will be made on May 6, 2011.

2010 Compensation Report
The 2010 Compensation Report, which forms part of Credit Suisse Group AG’s Annual Report, will be presented to the Annual General Meeting for a consultative vote.

Increase of conditional capital for the purpose of contingent convertible bonds
The Board of Directors proposes that additional conditional capital be created for the purpose of contingent convertible bonds and that the Articles of Association are amended accordingly. This responds to legislative proposals which include using additional sources of capital, namely contingent capital, to fulfill new bank capital adequacy rules. Credit Suisse supports these proposals and is convinced that contingent capital can be a material source of capital for the banking industry. Credit Suisse has endeavored to create clarity for its shareholders by acting decisively to implement the necessary measures.

The Board of Directors proposes that the Articles of Association are amended to provide for a conditional capital increase from the current level of CHF 4,000,000 (equivalent to 100 million shares) up to a maximum of CHF 20,000,000 (equivalent to 500 million shares) of which at least CHF 16,000,000 (equivalent to 400 million shares) may be used exclusively in connection with contingent convertible bonds. Contingent convertible bonds will be used exclusively to strengthen the bank's equity capital base in order to comply with regulatory requirements.

100 million shares from the conditional capital that have already been issued were allocated to the issuance in February 2011 of USD 2 billion Tier 2 Buffer Capital Notes. Out of the remaining 400 million shares, if authorized, the Board of Directors will allocate a further 300 million shares to the Tier 1 Buffer Capital Notes sold in a forward transaction to two strategic investors in February 2011.

Renewal of authorized capital
The Board of Directors proposes that the authorized capital of CHF 4,000,000 (equivalent to 100 million shares) be renewed and that the Articles of Association are amended to provide for an extension of the availability of the authorized capital at a current level from April 24, 2011 to April 29, 2013.

Elections to the Board of Directors
The Board of Directors of Credit Suisse Group AG proposes the following Board members, whose terms of office expire on the date of the 2011 Annual General Meeting, for re-election for a further statutory term of three years:

Peter Brabeck-Letmathe: member of the Board since 1997; Vice-Chairman, member of the Chairman’s and Governance Committee and the Compensation Committee.
Jean Lanier: member of the Board since 2005; member of the Audit Committee.
Anton van Rossum: member of the Board since 2005; member of the Risk Committee.

Invitation to the Annual General Meeting and publication of agenda
The invitation and agenda as well as a letter from the Chairman of the Board of Directors to shareholders are available from today on the Credit Suisse website at:
www.credit-suisse.com/agm

Annual Report, Corporate Responsibility Report, Company Profile and Business Review
Credit Suisse Group AG today published its 2010 Annual Report including its audited financial statements and its Compensation Report. The Corporate Responsibility Report and the Company Profile, which includes a Business Review, have also been published. All these documents are available for download from 07:30 CET today and hard copies can be ordered free of charge at:
www.credit-suisse.com/annualreporting

The Annual Report on Form 20-F will be filed with the US Securities and Exchange Commission (SEC) on March 25, 2011 and will be available for download at:
www.credit-suisse.com/sec

In addition, Credit Suisse Group AG has amended its Code of Conduct and developed a comprehensive Compensation Policy. The documents are available on the Credit Suisse website at:
www.credit-suisse.com/governance

The Annual Report 2010 contains a detailed presentation of the Group’s annual financial statements, company structure, corporate governance and compensation practices, treasury and risk management framework and an in-depth review of the operating and financial results.

The Corporate Responsibility Report 2010 shows how Credit Suisse assumes its diverse social and environmental responsibilities when conducting its business activities.

The Company Profile 2010 provides insights about the work of each of the Group’s divisions, regions and shared services functions. The Company Profile also includes the Business Review, a summary of financial performance during 2010.


* 100 million shares from the conditional capital that have already been issued were allocated to the issuance in February 2011 of USD 2 billion Tier 2 Buffer Capital Notes. Out of the remaining 400 million shares, if authorized, the Board of Directors will allocate a further 300 million shares to the Tier 1 Buffer Capital Notes sold in a forward transaction to two strategic investors in February 2011.