Transformation to CS First Boston

Driving strategic change at pace Strategic priorities Progress update since 3Q22 Restructure the Investment Bank ■ Securitized Products: Achieved ~2/3rd of targeted asset reduction since 3Q22, or USD ~35 bn reduction out of USD -55 bn in total ■ Non-Core Unit: Reduced RWA and leverage exposure by USD ~5 bn and USD -15 bn¹, respectively in 4Q22 through proactive deleveraging and de-risking against a quarterly run rate target of USD -2 bn and USD ~8 bn ■ CS First Boston: Completed acquisition of the investment banking business of M. Klein & Company to strengthen advisory capabilities Strengthen and reallocate capital ◉ ■ Completed capital raises of CHF ~4.0 bn, enabling strong CET1 ratio of 14.1% vs. target of at least 13.0% through transformation period² Completed debt issuances of CHF ~10 bn since October 27th, 2022; reduced funding needs over time as a result of the strategic transformation Progressed Securitized Products transaction to deliver further CET1 capital accretion; on track to complete in 1H23 Accelerate cost transformation Initiated cost actions which represent -80% of targeted CHF ~1.2 bn cost base reduction to be achieved in 2023 ➤ Achieved reduction in number of employees of ~4% in 4Q223 ➤ Reduced contractor headcount by ~30%; reduced consultant headcount by ~20% in 4Q22 ➤ Further operational transformation initiatives underway 7 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. Based on RWAs excluding Basel III reforms. Historical information presented according to the new divisional structure is a preliminary estimate based on management accounts and subject to change 1 Excluding the impact from reductions in HQLA allocations 2 From 2023 through 2025 3 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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