Transformation to CS First Boston

CS First Boston's capabilities enhanced by the acquisition of the investment banking business of M. Klein & Company 10 - ◉ ☐ ◉ Strategic Rationale M. Klein & Company¹ is a leading boutique investment bank and has advised on USD 1.5 trn of transactions since its formation in 2010 Trusted, independent advisor and capital markets partner to companies, executives, boards and sovereigns, delivering focused value creation services across the strategy spectrum Advised on some of the largest and most complex transactions over the last decade across M&A, activism and capital markets Integrated leadership teams that have worked together for decades across both advisory and principal investing roles The transaction and relationship adds significant revenue opportunities for Credit Suisse, through M. Klein & Company's ability to leverage Credit Suisse's capital markets and financing capabilities for its preeminent clients, while accelerating the path to establish CS First Boston Financial Impact Purchase price of USD 175 mn, whereby the seller will receive equity in CS First Boston in the form of a convertible note² To create further alignment with Credit Suisse, the seller will also receive a warrant³; the convertible note will convert into, and the warrant entitles the seller to subscribe to, CS First Boston shares Transaction expected to be earnings accretive with single-digit price-to-earnings multiple paid; anticipated CET1 ratio impact will be less than 10 bps Note: Closing subject to regulatory approvals of M. Klein & Company LLC, a leading boutique consideration to be paid by the seller at closing 4 Illustrative Transactions of M. Klein & Company Illustrative Transactions4 Aramco IPO Advisory: USD 1.9 trn market value; USD 29 bn raised Dow Glencore Xstrata Merger: USD 80 bn DuPont Unilever Kraft Heinz Merger: USD 130 bn Hostile Bid Defense: USD 143 bn Barrick Gold Randgold Resources IHS Markit Merger: USD 13 bn Merger: USD 18 bn Public Investment Blackstone Fund5 Group Investment Vehicle: USD 40 bn T. Rowe Price 1 The Klein Group (doing business as M. Klein & Company) is the entity being acquired by Credit Suisse. The Klein Group LLC is the registered broker-dealer business investment bank 2 The principal amount of the convertible note is expected to be USD 100 mn, with the balance being paid in cash dependent on the tax 3 The purchase price of USD 175 mn, together with annual payments on the note and other consideration, have a net present value of approximately USD 210 mn 5 Public Investment Fund of Saudi Arabia Oak Hill Advisors Merger: USD 4 bn CREDIT SUISSE

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