Transformation to CS First Boston

Significant progress on cost transformation already achieved in 4Q22 Group cost base targets in CHF bn Excluding impact of SP transaction and other divestments 11 ~ (1.2) ~ (2.5) ~17.0 ~16.5-17.0 16.2 15.8 ~14.5 III 2022 guidance at 4Q21 2022 guidance at 2Q22 FY221 2023 target 2025 target Full-time employees in '000s including notified reductions in workforce¹ 50 49 43 Decisive actions executed in 4Q22 Achieved reduction in number of employees of ~4% in 4Q222 ➤ Reduced contractor headcount by ~30% Reduced consultant headcount by ~20% ➤ Reshaped Investment Bank delivered a -13% headcount reduction 2023 priorities Maintain strong expense discipline and deliver CHF ~1.2 bn cost base reduction, of which actions already initiated represent -80% of 2023 target ➤ Step change reduction in third-party costs including professional services, legal services, and real estate footprint Exit non-core businesses and continue descoping to improve efficiency and reduce costs ➤ Simplify organizational design and structure to achieve headcount saves and reduced complexity ➤ Operational efficiency measures including improved front to back processes and corporate functions aligned to new Credit Suisse footprint Note: Results excluding certain items in our reported results are non-GAAP financial measures. See the appendix of this presentation for detailed information and defined terms as well as important presentation and other information relating to non-GAAP financial measures, including reconciliations. 1 Adjusted operating expenses FY22 2 FTE reduction includes notified reductions in workforce who were on the payroll as of end of 3Q22 and 4Q22 CREDIT SUISSE

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