Corporate Press Release

Press Release

Scrip dividend for the financial year 2015: Announcement of final terms and number of new Credit Suisse Group AG shares to be issued

Credit Suisse Group AG today announced the issuance of 75,518,134 new shares as a result of the scrip dividend elections for the financial year 2015, representing 3.8% of the Credit Suisse Group AG share capital currently issued. The issue price of the new shares is CHF 12.47.

The election period during which eligible shareholders could make their election on how to receive their distribution for the financial year 2015 ended on June 1, 2016 (12:00 CEST). During the election period, 1,345,280,053 election rights were exercised for the receipt of new Credit Suisse Group AG shares. This results in 75,518,134 new Credit Suisse Group AG shares to be issued out of authorized capital, representing 3.8% of the current share capital of Credit Suisse Group AG.

The reference share price is calculated based on the five-day average of the daily volume-weighted average prices of the Credit Suisse Group AG shares listed on SIX Swiss Exchange from May 26, 2016, to June 1, 2016, and is CHF 13.85. Less the discount of 10% to the reference share price, the issue price of the new Credit Suisse Group AG shares is CHF 12.47, resulting in a conversion ratio of 1 new share for 17.814 existing shares.

67.8% of the distribution for the financial year 2015 will be paid in new Credit Suisse Group AG shares. Election rights not exercised for the receipt of new Credit Suisse Group AG shares during the election period will be paid out in cash in the amount of CHF 0.70 per registered share, as decided at the Annual General Meeting on April 29, 2016.

The delivery of the new Credit Suisse Group AG shares as well as the payment of the cash distribution is expected to occur on June 6, 2016. Further information about the scrip dividend can be found in the “Shareholder Information – Summary Document” and “Scrip Dividend 2016 - Short Overview”, which are available on the Credit Suisse website at: www.credit-suisse.com/agm.