Corporate Press Release

Press Release

Preliminary results of the tender offer to repurchase certain outstanding tier 1 and tier 2 securities

Successful step in early transitioning to the new regulatory regime

Credit Suisse today announced preliminary results of the tender offer to repurchase certain outstanding tier 1 and tier 2 securities.

On March 5, 2012, Credit Suisse announced a tender offer to repurchase some of its public tier 1 and tier 2 instruments. This allowed investors to sell their holdings in capital securities and to support Credit Suisse’s transition into the new Basel III regime. Participation at this stage of the offer exceeded CHF 4.5 billion with positive investor response. Hence, we were raising the targeted amount from CHF 4.0 billion to CHF 4.75 billion to accommodate investors and allow them to be allocated in full at this stage of the offer.

David Mathers, CFO of Credit Suisse Group, said: “We are pleased with the positive investor response to our offer. This transaction, as well as the successful issuance of buffer capital notes earlier this month, is consistent with Credit Suisse’s practice of efficient capital management. They are important steps in transitioning to the new regulatory regime. Credit Suisse continues to take a proactive approach to satisfy the new capital requirements.”

Credit Suisse Securities (Europe) Limited acted as offeror and dealer manager in this transaction.