Transformation to CS First Boston

Significant progress on our CHF ~2.5 bn cost transformation Group cost base in CHF bn Excluding impact of SP transaction and other divestments Full time employees¹ in '000s ~ (1.2) ~ (2.5) ~17.0 ~16.5-17.0 ↓ 16.2 15.8 ~14.5 2022 guidance at 4Q21 52 52 50 60 49 incl. notified reductions in workforce4 ~(17)% ↓ 43 Group cost update ■ 2022 adjusted operating expenses of CHF 16.2 bn below the previous guidance of ~16.5-17.0 bn ■ Actions already initiated in 4Q22 are expected to represent 80% of targeted CHF ~1.2 bn cost base reduction to be achieved in 2023 ■ Full time employee reduction of ~4% in 4Q224 ■ Estimated restructuring expenses for 2023 of CHF 1.6 bn and 2024 of CHF 1.0 bn unchanged¹ 2022 guidance at 2Q22 FY222 2023 Target 2025 Target 9M22 FY22 Restructuring expenses in CHF bn 4Q22 0.4 2023 1.6 2024 1.0 2025 Target³ 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 Estimates and assumptions are based on currently available information and beliefs, expectations and opinions of management and include all known facts and decisions as of today. Actual results may differ 2 Adjusted operating expenses for FY22 3 On a constant perimeter basis 26 4 FTE reduction includes notified reductions in workforce who were on the payroll as of end of 3Q22 and 4Q22 CREDIT SUISSE

View entire presentation