Corporate Press Release

Press Release

Credit Suisse announces redemption of its USD 1.525 billion 7.9% Tier 1 Capital Notes

Credit Suisse AG, acting through its Guernsey branch, has elected to redeem all of its outstanding USD 1.525 billion 7.9% Tier 1 Capital Notes (CUSIP No. 225448208 / ISIN #US2254482084) (the ‘Notes’) on March 28, 2013, at a redemption price per Note of USD 25.00, plus USD 0.07132 per Note in interest with respect to the then-current interest period accrued on a daily basis up to (but excluding) the date fixed for redemption.

Credit Suisse today announced the redemption of these USD 1.525 billion 7.9% Tier 1 Capital Notes on March 28, 2013. Based on its strong liquidity and capital position, Credit Suisse continues to optimize its capital structure in line with the Swiss and Basel III regulations. This is consistent with Credit Suisse’s practice of efficient capital management.

Further information is included in the Notice of Redemption to be distributed by the Trustee, The Bank of New York Mellon, to holders.