Third Quarter 2015 Results  Presentation to Investors  October 21, 2015 

 Disclaimer  Cautionary statement regarding forward-looking statementsThis presentation contains forward-looking statements that involve inherent risks and uncertainties, and we might not be able to achieve the predictions, forecasts, projections and other outcomes we describe or imply in forward-looking statements. A number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions we express in these forward-looking statements, including those we identify in "Risk Factors" in our Annual Report on Form 20-F for the fiscal year ended December 31, 2014 and in "Cautionary statement regarding forward-looking information" in our third quarter earnings release 2015 filed with the US Securities and Exchange Commission, and in other public filings and press releases. We do not intend to update these forward-looking statements except as may be required by applicable law.Statement regarding basis of figuresAll figures throughout this presentation are based on results under our structure that was in place prior to the announcement of our re-segmentation on October 21, 2015. Figures throughout presentation may be subject to rounding adjustments.Statement regarding non-GAAP financial measuresThis presentation also contains non-GAAP financial measures, including adjusted cost run-rates. Information needed to reconcile such non-GAAP financial measures to the most directly comparable measures under US GAAP can be found in this presentation, which is available on our website at credit-suisse.com.Statement regarding capital, liquidity and leverageAs of January 1, 2013, Basel 3 was implemented in Switzerland along with the Swiss “Too Big to Fail” legislation and regulations thereunder. As of January 1, 2015, the Bank for International Settlements (BIS) leverage ratio framework, as issued by the Basel Committee on Banking Supervision (BCBS), was implemented in Switzerland by FINMA. Our related disclosures are in accordance with our interpretation of such requirements, including relevant assumptions. Changes in the interpretation of these requirements in Switzerland or in any of our assumptions or estimates could result in different numbers from those shown in this presentation. Capital and ratio numbers for periods prior to 2013 are based on estimates, which are calculated as if the Basel 3 framework had been in place in Switzerland during such periods. Unless otherwise noted, leverage exposure is based on the BIS leverage ratio framework and consists of period-end balance sheet assets and prescribed regulatory adjustments. Leverage amounts for 4Q14, which are presented in order to show meaningful comparative information, are based on estimates which are calculated as if the BIS leverage ratio framework had been implemented in Switzerland at such time. Beginning in 2015, the Swiss leverage ratio is calculated as Swiss total capital, divided by period-end leverage exposure. The look-through BIS tier 1 leverage ratio and CET1 leverage ratio are calculated as look-through BIS tier 1 capital and CET1 capital, respectively, divided by end-period leverage exposure.  October 21, 2015  2 

 Introduction  David Mathers, Chief Financial Officer  October 21, 2015  3 

 Key messages from Credit Suisse 3Q15 results  4  APAC3Q15 pre-tax income of CHF 256 mn  9M15 pre-tax income of CHF 1,129 mn with 48% YoY increase, benefitting from continued momentum of our One Bank franchise; 3Q15 pre-tax income of CHF 256 mnWealth Management Clients Asia Pacific with double-digit growth in net new assets in both 3Q15 and 9M159M15 Asia Pacific Investment Banking revenues increase of 15%, driven by robust equities results with 40% YoY revenue growth  Progress on capital  “Look-through” CET1 ratio of 10.2%, down from 10.3% at 2Q15, with RWA increases from model updates and methodology changes“Look-through” Swiss Total Leverage ratio of 4.5%, of which BIS Tier 1 Leverage ratio of 3.9% and CET1 Leverage ratio of 2.8%  Credit Suisse Group3Q15 pre-tax income of CHF 861 mn and return on equity of 7%  Group pre-tax income (excluding revenue impact from fair value on own debt) of CHF 238 mn. The significant YoY and QoQ reduction in pre-tax income was driven by lower results in Investment Banking, primarily due to a challenging market environment and lower client activity. Group Strategic pre-tax income for the quarter of CHF 826 mn, a 49% decrease from 3Q149M15 return on equity of 9% (or 6% excluding revenue impact from fair value on own debt); 11% for the Strategic business  Note: Credit Suisse Group reflects Core results; 3Q15 and 9M15 results based on current reporting structure  October 21, 2015 

 Key messages from Credit Suisse 3Q15 results  5  1 Excluding impact of CHF (59) mn from Swisscard deconsolidation. See slide 10 for details 2 3Q15 results include the impact of the USD 133 mn settlement to resolve a lawsuit related to credit-default swaps  Strategic pre-tax income of USD 291 mn significantly lower QoQ and YoY, primarily due to lower fixed income franchise results driven by significantly muted client activity amid challenging market conditions Reduction in leverage exposure to USD 615 bn; early achievement of USD 600-620 bn year-end targetHigher equity sales and trading performance as increased market volatility led to higher client activityUnderwriting and advisory revenues negatively impacted by slowdown in industry-wide issuance; continued share gains in M&A franchise  Investment Banking3Q15 pre-tax income of CHF (125) mn2  Private Banking & Wealth Management3Q15 pre-tax income of CHF 647 mn and return on reg. capital of 16%  Strategic pre-tax income of CHF 753 mn and Strategic return on regulatory capital of 20%, impacted by weaker client activity and adverse market conditionsWealth Management Clients with growth in net interest income and recurring commissions and fees1 since the beginning of 2015; 3Q15 pre-tax income impacted by lower transaction revenues; 9M15 net margin of 28 bps compared to 27 bps for 9M14 Corporate & Institutional Clients delivered solid net revenues with cost income ratio of 50% in 9M15; lower pre-tax income due to increased credit provisionsAsset Management with growth in fee-based revenues since the beginning of 2015; 3Q15 net revenues impacted by investment-related losses due to market conditionsStrong strategic net new assets of CHF 17.3 bn with contribution from all three businesses; Wealth Management Clients reported net new assets of CHF 10.5 bn with growth in all regions and good contribution from UHNWI client segment  October 21, 2015 

 Financial results  October 21, 2015  6 

 Results Overview  October 21, 2015  7  Note: Total Reported reflects Core Results; FVoD denotes Fair Value on own Debt on this slide and throughout the rest of the presentation 1 Return on Equity for Strategic results calculated by dividing annualized Strategic net income by average Strategic shareholders' equity (derived by deducting 10% of Non-Strategic RWA from reported shareholders' equity) 2 Assumes assets managed across businesses relate to Strategic businesses only 3 Excludes revenue impact from FVoD of CHF 623 mn, CHF 228 mn, CHF 318 mn, CHF 995 mn and CHF 246 mn in 3Q15, 2Q15, 3Q14, 9M15 and 9M14, respectively, and pre-tax charge of CHF 1,618 mn relating to the settlements with US authorities regarding the US cross-border matters in 9M14, in Non-Strategic and total reported results    in CHF mn 3Q15 2Q15 3Q14 9M15 9M14Net revenues 5,623 6,758 6,287 18,971 19,126Pre-tax income 826 1,812 1,622 4,460 5,341Cost / income ratio 84% 73% 73% 76% 72%Return on equity1 7% 14% 11% 11% 13%Net new assets2 in CHF bn 17.3 15.4 8.8 51.1 36.6      Net revenues 5,982 6,941 6,537 19,596 19,439Pre-tax income 861 1,646 1,301 4,045 2,331 Pre-tax income ex FVoD and settlement impact3 238 1,418 983 3,050 3,703Net income attributable to shareholders 779 1,051 1,025 2,884 1,184Diluted earnings per share in CHF 0.45 0.61 0.61 1.69 0.68Return on equity 7% 10% 10% 9% 4% Return on equity ex FVoD and settlement impact3 2% 8% 7% 6% 8%  Net revenues 359 183 250 625 313Pre-tax income / (loss) 35 (166) (321) (415) (3,010) Pre-tax income / (loss) ex FVoD and settlement impact3 (588) (394) (639) (1,410) (1,638)  Strategic  Non-Strategic  Total Reported 

 in CHF mn 3Q15 2Q15 3Q14 9M15 9M14Net revenues 2,911 3,091 2,939 8,972 8,902Provision for credit losses 76 31 26 132 73Compensation and benefits 1,187 1,233 1,150 3,625 3,559Other operating expenses 895 826 891 2,523 2,551Total operating expenses 2,082 2,059 2,041 6,148 6,110Pre-tax income 753 1,001 872 2,692 2,719 Basel 3 RWA in CHF bn 104 101 100 104 100Leverage exposure in CHF bn 369 376 362 369 362Cost / income ratio 72% 67% 69% 69% 69%Return on regulatory capital 1 20% 26% 27% 23% 29% Return on regulatory capital (based on 3% lev.) 1 20% 26% 24% 23% 26%Net new assets 2 in CHF bn 17.3 15.4 8.8 51.1 36.6Assets under management 2 in CHF bn 1,282 1,346 1,353 1,282 1,353Net revenues 24 61 186 87 509Total operating expenses 3 126 112 116 340 2,014Pre-tax income / (loss) (106) (64) 71 (274) (1,513)Net revenues 2,935 3,152 3,125 9,059 9,411Total operating expenses 2,208 2,171 2,157 6,488 8,124Pre-tax income 647 937 943 2,418 1,206Return on regulatory capital 1 16% 24% 27% 20% 12%Basel 3 RWA in CHF bn 108 106 107 108 107Leverage exposure in CHF bn 373 380 377 373 377  8  October 21, 2015  PB&WM Strategic pre-tax income stable compared to 9M14 with growth in Wealth Management Clients business  Note: Leverage exposure reflects BIS for 2Q15 & 3Q15 and Swiss leverage exposure for 3Q14 1 Assumes tax rate of 30% and capital allocated based on average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure during 2015 and on an average of 10% of average Basel 3 risk-weighted assets and 2.4% of average leverage exposure during 2014 2 Assumes assets managed across businesses relate to Strategic businesses only 3 Includes CHF 1,618 mn charge relating to the settlements with US authorities regarding the US cross-border matters in 9M14  Compared to 3Q14Net revenues stable as continued growth in net interest income was offset by: the impact from the deconsolidation of Swisscard (see slide 10 for details)lower transactional income in Wealth Management Clients and Corporate and Institutional Clients and investment- related losses in Asset Management, due to adverse market conditions Increase in operating expenses is driven by higher headcount, investments in our digital offering and higher litigation provisionsReturn on regulatory capital of 20% on a 3% CET1 leverage ratio; on an equivalent basis, 3Q14 would have been 24% Continued strong strategic net new assets of CHF 17.3 bn in 3Q15, of which CHF 10.5 bn in Wealth Management Clients at annualized growth rate of 5.0% CHF 5.6 bn in Asset Management driven by inflows across traditional, alternative and multi-asset class solutions Compared to 9M14Pre-tax income stable with increase in Wealth Management Clients business offset by a decline in Asset Management Cost/income ratio stable at 69%  Strategic   Total  Non-Strategic 

   Wealth Management Clients with stable revenues and higher costs reflecting growth investments; solid net new assets   1 Includes significant litigation provisions 2 Calculated using income after tax denominated in CHF; assumes tax rate of 30% and capital allocated based on average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure during 2015 and on an average of 10% of average Basel 3 risk-weighted assets and 2.4% of average leverage exposure during 2014 3 Excluding Swisscard deconsolidation impact of CHF (83) mn and CHF (59) mn on net revenues and total operating expenses for 3Q14 comparatives and CHF (90) mn and CHF (54) mn respectively for 9M14 comparatives (see slide 10 for details) 4 Mandates penetration = AuM related to mandates in Wealth Management Clients / total Wealth Management Clients AuM 5 Client assets is a broader measure than AuM as it includes transactional and custody accounts (assets held solely for transaction-related or safekeeping/custody purposes) and assets of corporate clients and public institutions used primarily for cash management or transaction-related purposes   in CHF mn 3Q15 2Q15 3Q14 9M15 9M14Net revenues 2,041 2,197 2,042 6,349 6,133 excl. Swisscard deconsolidation impact 2,041 2,121 1,959 6,199 5,893Provision for credit losses 36 7 17 60 50Total operating expenses 1,528 1,521 1,489 4,507 4,400 excl. Swisscard deconsolidation impact 1,528 1,458 1,430 4,383 4,222Pre-tax income 477 669 536 1,782 1,683 excl. Swisscard deconsolidation impact 477 656 514 1,756 1,626Cost / income ratio 75% 69% 73% 71% 72%Net loans in CHF bn 173 170 164 173 164Basel 3 RWA in CHF bn 55 53 51 55 51Return on regulatory capital2 21% 29% 28% 27% 30%Net new assets in CHF bn 10.5 9.0 5.1 26.5 23.1Assets under management in CHF bn 796 848 864 796 864  1  Compared to 3Q14Revenues stable with higher net interest income offset by lower transaction revenues; excl. the impact of the Swisscard deconsolidation, revenues are up CHF 82 mn3 Increase in credit provisions offset by related hedging gains of CHF 22 mn reported in other revenues Operating expenses up CHF 98 mn3, largely due to higher headcount, investments in our digital offering and higher litigation provisions Net new assets of CHF 10.5 bn with growth across all regions Mandates penetration4 increased to 21% from 17% at the end of 2014 with momentum in Credit Suisse Invest sales Compared to 9M14Revenues up CHF 306 mn3, with stronger net interest income partially offset by lower recurring commissions & fees Operating expenses up CHF 161 mn3 reflecting higher headcount and improved performanceCost/income ratio improved to 71% Structural effects on Assets under ManagementWith the update of the Group’s assets under management policy, CHF 38 bn of AuM were reclassified as client assets5  9  October 21, 2015 

       Deconsolidation of card issuing business as of July 1, 2015Impact on Wealth Management Clients results  10  Net interest income 837 821 695 2,399 2,089 - (9) (9) (18) (26) 837 812 686 2,381 2,063Recurring commissions & fees 670 717 744 2,087 2,202 - (59) (59) (114) (172) 670 658 685 1,973 2,030Transaction- & perf.-based revenues 512 659 603 1,841 1,842 - (8) (15) (18) (42) 512 651 588 1,823 1,800Other revenues 22 - - 22 - - - - - - 22 - - 22 -Net revenues 2,041 2,197 2,042 6,349 6,133 - (76) (83) (150) (240) 2,041 2,121 1,959 6,199 5,893Provision for credit losses 36 7 17 60 50 - - (2) - (5) 36 7 15 60 45 Total operating expenses 1,528 1,521 1,489 4,507 4,400 - (63) (59) (124) (178) 1,528 1,458 1,430 4,383 4,222Pre-tax income 477 669 536 1,782 1,683 - (13) (22) (26) (57) 477 656 514 1,756 1,626  3Q15  2Q15  3Q14  Reported  Proforma impact on WMC in CHF mn  9M15  9M14  3Q15  2Q15  3Q14  9M15  9M14  3Q15  2Q15  3Q14  9M15  9M14  Impact1   Pro forma  The credit and charge card issuing business has been deconsolidated as of July 1, 20151 and transferred to the equity method investment, Swisscard AECS GmbHIn the previous structure, the results of this business were reported within WMC and PB&WMThe tables above show how prior periods results for WMC would have been different (“Impact”) had the deconsolidation already been implemented on December 31, 2013 (“Pro Forma”)The reduction in pre-tax income in WMC and PB&WM is offset by the reduction in minority interest from the deconsolidation at the Group level, therefore there is no material impact on the Group’s net income attributable to shareholders  This pro-forma presentation of the impact of the deconsolidation of the issuing business on the reported historical results of WMC as if it had occurred on December 31, 2013 is presented for illustrative purposes only.  Given that as of July 1, 2015 the business has been deconsolidated and the transaction does not qualify for discontinued operations, the historical results are not restated in this respect. These illustrative figures cannot be seen as being indicative of future trends or results 1 Proforma impact of the issuing business deconsolidation  October 21, 2015 

     Wealth Management Clients business with net margin of 28 bps and gross margin of 100 bps for 9M15  All data for Wealth Management business Net margin = Pre-tax income / average AuM Gross margin = Net revenues / average AuM 1 Impact from Swisscard deconsolidation on recurring revenues only 2 Excluding the Swisscard deconsolidation impact 3 As of July 1, 2015 the Group updated its AuM policy which resulted in a reclassification of CHF 38 bn from AuM to client assets 4 Excluding other revenues of CHF 22 mn  Net margin on AuM in basis points  Net revenues in CHF mn  33  32  29  97  38  30  31  102  41  33  25  99  25  31  23  2,042  2,197  2,0194  Net margin of 23bps in 3Q15 and 28bps in 9M15Net margin impacted by litigation provisions in both 3Q14 and 3Q15  Transaction- and performance-based revenues decreased reflecting reduced client activity, mainly in emerging markets; in addition, 3Q14 included a gain on our liquidity portfolio and 2Q15 included a dividend from SIX Group AG and semi-annual performance fees from Verde Asset Management  Recurring commissions & fees2 up 2% vs. 2Q15 with higher advisory and discretionary mandates revenues, reflecting increased mandates penetration; decline vs. 3Q14 impacted by regularization  Net interest income up 20% vs. 3Q14 with higher loan margins and loan growth; lower income on deposits driven by lower replication portfolio income partially offset by lower client deposit rates  3Q15 performance  27  28  6,3274  6,133  30  33  34  38  31  29  100  100    Gross margin on AuM in basis points  48%  49%  47%  846  859  8183  Average assets under management (AuM) in CHF bn  Ultra High Net Worth Individuals’ share    47%  840  48%  821  Swisscard deconsoli-dation impact1  3  2  3  3  59  172  114  59  11  October 21, 2015 

 Lower averageAuM  +1  Higher expenses and credit losses  (3)  23  Measured at stable AuM1    Netinterest income  +7  Wealth Management Clients YoY development in basis points  3Q14  25  (2) bp  1 Includes some impact from client mix change AuM = Assets under management  3Q15  Lower averageAuM  +1  Higher expenses and credit losses  (2)  23  Measured at stable AuM1    Netinterest income  +1  Wealth Management Clients QoQ development in basis points  2Q15  31  (8) bps  3Q15  Non-interest revenues  (7)  Non-interest revenues  (8)  WMC net margin YoY and QoQ progression  12  October 21, 2015 

 Wealth Management Clients net new assets of CHF 10.5 bn  13  EMEA = Europe, Middle East and Africa Emerging/Mature markets by client domicile while regional data based on management areas  Americas  EMEA  Asia Pacific  %  Annualized net new assets growth rate  3%  4%  4%  10%  Switzerland  5%  5.0%  MatureMarkets  3Q15by management region  by customer domicile  EmergingMarkets  5%  Outflows related to regularization  October 21, 2015    3Q15Annualized growth rate of 5.0% with growth across all regions and balanced contribution from all client segmentsAsia Pacific with 10% growth rate and inflows mainly from South East Asia and Greater ChinaStrong result from Switzerland with 4% growth rate and good contribution from UHNWI client segment EMEA with a 4% growth rate and strong contribution from the Middle East Outflows related to regularization of CHF 1.4 bn (of which CHF 0.6 bn in the strategic business) 9M15 Net new assets of CHF 26.5 bn with strong contribution from Asia Pacific and SwitzerlandUHNWI client segment with net new assets of CHF 14.3 bn at a 4.5% growth rate  14.7  7.2  1.9  2.7  26.5     9M15  4.0%  1%  3%  14%  2%  Net new assets in CHF bn  Outflows related to regularization    9M14  23.1  3.9%  2.5%  3Q14  5.2% 

   Corporate & Institutional Clients results with revenue growth offset by higher credit provisions  1 Other revenues include fair value changes on securitization transactions 2 Calculated using income after tax denominated in CHF; assumes tax rate of 30% and capital allocated based on average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure during 2015 and on an average of 10% of average Basel 3 risk-weighted assets and 2.4% of average leverage exposure during 2014. 3 Client assets is a broader measure than AuM as it includes transactional and custody accounts (assets held solely for transaction-related or safekeeping/custody purposes) and assets of corporate clients and public institutions used primarily for cash management or transaction-related purposes.  Compared to 3Q14Revenues up 5%, or CHF 22 mn, with higher net interest income due to improved loan margins partially offset by lower replication portfolio incomeContinued low cost/income ratio; higher operating expenses driven by higher compensation expensesReduction in pre-tax income of 13% due to higher credit provisions, reflecting a small number of casesCompared to 9M14Revenues up 3%, reflecting higher revenues across all categoriesOperating expenses stable; cost/income ratio improved to 50%Pre-tax income slightly lower with higher revenues more than offset by higher credit provisionsStructural effects on Assets under ManagementWith the update of the Group’s AuM policy, CHF 8 bn of AuM were reclassified as client assets3  in CHF mn 3Q15 2Q15 3Q14 9M15 9M14Net interest income 300 275 273 815 796Recurring commissions & fees 119 115 113 357 348Transaction- & perf.-based revenues 101 125 107 352 342Other revenues1 (10) (7) (5) (22) (31)Net revenues 510 508 488 1,502 1,455Provision for credit losses 40 24 9 72 23Total operating expenses 260 240 239 746 735Pre-tax income 210 244 240 684 697Cost/income ratio 51% 47% 49% 50% 51%Net loans in CHF bn 67 66 67 67 67Basel 3 RWA in CHF bn 37 36 37 37 37Return on regulatory capital2 17% 19% 21% 18% 21%Net new assets in CHF bn 2.0 (1.6) 0.9 6.5 1.9Assets under management in CHF bn 263 278 267 263 267  14  October 21, 2015 

   Asset Management with higher recurring fees vs. 2Q15 but market conditions adversely impacted investment-related income  1 Calculated using income after tax denominated in CHF; assumes tax rate of 30% and capital allocated based on average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure during 2015 and on an average of 10% of average Basel 3 risk-weighted assets and 2.4% of average leverage exposure during 2014.  Compared to 3Q14Recurring revenues down 12%, reflecting the change in fund management from Hedging Griffo to Verde Asset Management in 4Q14Excluding this impact, recurring revenues are slightly higherTransaction and performance-based revenues up 17% with higher equity participations incomeOther revenues impacted by investment-related losses, reflecting the adverse market performance in 3Q15 across many asset categoriesOperating expenses down largely due to the change in fund management to Verde Asset Management; excluding this impact operating expenses are slightly lowerNet new assets of CHF 5.6 bn with positive contribution across traditional, alternative and multi-asset class solutionsCompared to 9M14Reduction in recurring revenues primarily due to change in fund management to Verde Asset ManagementLower transaction revenues reflected lower performance fees from our single manager funds and lower carried interest on private equity realizationsReduction in other revenues largely due to lower investment-related income, reflecting adverse markets in 3Q15If the market situation does not materially improve, we expectperformance fees and investment income in 4Q15 to be below prior year’s resultsStrong NNA of CHF 24.7 bn at an annualized growth rate of 8.5%  in CHF mn 3Q15 2Q15 3Q14 9M15 9M14Recurring commissions & fees 258 250 292 752 874Transaction- & perf.-based revenues 137 141 117 404 427Other revenues (35) (5) - (35) 13Net revenues 360 386 409 1,121 1,314Total operating expenses 294 298 313 895 975Pre-tax income 66 88 96 226 339Cost/income ratio 82% 77% 77% 80% 74%Fee-based margin in basis points 39 38 42 38 46 o/w recurring fee-based margin 33 32 36 32 36Basel 3 RWA in CHF bn 12 12 12 12 12Return on regulatory capital1 21% 29% 40% 24% 53%Net new assets in CHF bn 5.6 8.9 3.3 24.7 14.3Assets under management in CHF bn 395 394 391 395 391  15  October 21, 2015 

 16  Continued progress in winding down our Non-Strategic portfolio  Note: Risk-weighted asset and leverage exposure goals are measured on constant FX basis and are subject to change based on future FX movements 1 Realignment expenses in PB&WM relating both to continuing operations and operations treated as discontinued at the Group level 2 4Q13 RWA includes a CHF 2 bn external methodology impact in 1Q14    4Q13 2  Year-end 2015 target  Basel 3 RWA in CHF bn   Leverage Exposure in CHF bn  4Q13Reported  Year-end 2015 target  (46%)  (82%)  4Q14  1Q15  2Q15  3Q15  4Q14BIS  1Q15BIS  2Q15BIS  3Q15BIS  Compared to 3Q14Lower revenues reflect the ongoing winding down of our non-strategic portfolio and investment-related losses in 3Q153Q14 includes a CHF 109 mn gain on the sale of our domestic private banking business booked in Germany Operating expenses include costs of CHF 68 mn to meet requirements related to the settlements with US authorities regarding US cross-border matters  Business reductions    in CHF mn 3Q15 2Q15 3Q14 9M15 9M14Select onshore businesses 1 2 122 4 166Legacy cross-border businesses 30 31 38 95 123AM divestitures and discontinued operations (18) 15 12 (48) 184Other Non-Strategic positions & items 11 13 14 36 36Net revenues 24 61 186 87 509Provision for credit losses 4 13 (1) 21 8Total operating expenses 126 112 116 340 2,014 o/w realignment expenses 1 23 15 24 56 77 o/w U.S. cross-border matters 68 66 24 176 1,701Pre-tax income / (loss) (106) (64) 71 (274) (1,513)Net new assets in CHF bn (0.9) (1.2) (1.4) (3.5) (5.4)  October 21, 2015 

 17  Lower Investment Banking returns amid a challenging environment  Strategic   Total  Non-Strategic  Compared to 3Q14Strategic revenues declined 26% in USD; higher equities results were offset by significantly lower fixed income and underwriting revenues as material credit market volatility resulted in low client activity Strategic expenses declined 7% in USD as lower variable compensation expense offset higher litigation expenses relating to the CDS settlement and increased investments in our risk, regulatory and compliance infrastructureContinued progress on improving capital efficiency; significantly reduced total leverage exposure by USD 241 bn and total RWA by USD 7 bnLower total return on regulatory capital of 8% in 9M15 vs. 10% in 9M14 and lower Strategic return on regulatory capital of 13% in 9M15 vs. 17% in 9M14, applying a 3% CET1 leverage ratio Compared to 2Q15Substantial reduction in total leverage exposure by USD 60 bn to USD 615 bn; early achievement of YE 2015 target of USD 600-620 bnTotal RWA decreased USD 3 bn to USD 164 bn  in CHF mn  3Q15  2Q15  3Q14      9M15  9M14  Net revenues  2,621  3,549  3,419      9,796  10,339  Provisions for credit losses  15   7  29       23   24    Compensation and benefits  1,137  1,507  1,412      4,158  4,357   Other operating expenses  1,187   1,125   983       3,308  2,793  Total operating expenses  2,324  2,632  2,395      7,466  7,150  Pre-tax income  282   910   995       2,307  3,165  Basel 3 RWA USD bn  156  158  159      156  159  Leverage exposure USD bn1  578  635  791      578  791  Cost/income ratio  89%  74%  70%      76%  69%  Return on regulatory capital2  5%  16%  17%      13%  19%   Return on regulatory cap. (based on 3% lev)2  5%  16%  15%      13%  17%  Net revenues  (265)  (168)  (116)      (476)  (278)  Total expenses3  142  127   363      396  792  Pre-tax income / (loss)  (407)  (295)  (479)      (872)  (1,070)  Basel 3 RWA USD bn  8  9  12      8  12  Leverage exposure USD bn1  37  40  66      37  66  Net revenues  2,356  3,381  3,303      9,320  10,061  Total expenses3  2,481  2,766  2,787      7,885  7,966  Pre-tax income  (125)  615   516       1,435  2,095  Basel 3 RWA USD bn  164  167  171      164  171  Leverage exposure USD bn1  615  675  856      615  856  Return on regulatory capital2  nm  10%  8%      8%  11%   Return on regulatory cap. (based on 3% lev.)2  nm  10%  7%      8%  10%  1 Leverage exposure reflects BIS for 3Q15, 2Q15, and 9M15 and Swiss leverage exposure for 3Q14 and 9M14 2 Calculated using income after tax denominated in USD; assumes tax rate of 30% and capital allocated based on average of 10% of average Basel 3 risk-weighted assets and 2.4% of average leverage exposure (or 3% where specified) in 3Q14 and 9M14; in 2Q15, 3Q15 and 9M15, the calculation is based on an average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure 3 Includes provisions for credit losses, compensation and benefits and other expenses   October 21, 2015 

 18  Challenging quarter for Underwriting & Advisory   Underwriting declines driven by 4 year low in market volumes  Equity underwriting revenue declined 47% in USD vs. 3Q14, consistent with the decline in street fees of 49%#3 rank in Americas Follow-Ons1 (67% of the 3Q15 ECM fee pool)Debt underwriting revenue declined 40% in USD vs. 3Q14, primarily driven by a 32% decline in leveraged finance street feesBacklog across equity and debt underwriting suggests increased activity in 4Q15, but execution is dependent on market conditions which remain difficult  HigherAdvisory revenues  Advisory revenue up 8% vs. 3Q14 in USD driven by consistent share gains since 1Q15, particularly in the Americas (e.g. Global Financial Institutions, Industrials and Sponsors M&A)Credit Suisse 9M15 announced volumes outpacing street activityM&A backlog, up YoY and QoQ, supporting franchise momentumAnnounced landmark transactions in several sectors: Semiconductors, Healthcare Services, Insurance and Oil Field Services, underscoring depth of client franchiseM&A activity is expected to continue at current pace; YTD announced market volume of USD 3.4 bn is on track to match 2007 peak (USD 4.5 bn for full year 2007 and USD 3.5 bn for 2007 YTD)  October 21, 2015  1 Source: Dealogic global share of wallet rank as of 3Q15 

 19  Equity sales & trading and underwriting – StrategicRevenues in CHF mn  Note: Underwriting revenues are also included in the total equity franchise view  1,383  1,662  1,363  4,508  4,605  Equity sales & trading and underwriting - Strategic revenues USD mn      Equity underwriting  Equity sales and trading          Compared to 3Q14Stable equity franchise performance as increased market volatility benefitted sales and trading, up 8% in USD, but led to a significant decline in underwriting industry activityHigher derivatives revenues reflecting increased client activity in Latin America and continued momentum from fee-based products distributed by Private Banking and Wealth Management in APACResilient prime services revenues on material leverage exposure reductions; higher return on assets reflecting continued progress on our client portfolio optimization strategy Substantially lower equity underwriting revenues compared to 3Q14 which benefited from robust industry activity  Resilient equities results reflecting higher client trading activity  October 21, 2015 

 20  Note: Underwriting revenues are also included in the views of equity and fixed income franchise revenues on slides 19 and 21, respectively 1 Source: Dealogic  Significantly lower industry-wide underwriting activity impacted performance  975  974  2,935  2,281  Underwriting & Advisory - Strategic revenues USD mn  657  Underwriting & Advisory – StrategicRevenues in CHF mn    Equity underwriting  Advisory  Debt underwriting                Compared to 3Q14Advisory revenues increased 8% in USD driven by higher Americas fees and share gains in top ranked sponsors franchise1Lower debt underwriting revenues amid 49% decline in high yield industry activity; leveraged finance franchise gained share despite market weaknessLower equity underwriting revenues across IPOs and follow-ons as increased market volatility negatively impacted industry issuance activity   October 21, 2015 

 Fixed income sales & trading and underwriting – StrategicRevenues in CHF mn  Note: Underwriting revenues are also included in the total fixed income franchise view  2,220  1,981  1,256  6,710  5,411  Fixed income sales & trading and underwriting - Strategic revenues USD mn    Compared to 3Q14Significantly lower fixed income franchise revenues, down 43% in USD, as extreme dislocations in credit markets resulted in reduced levels of client activity Credit revenue declines primarily driven by lower underwriting activity; minimal trading losses reflecting lower risk profile and improved portfolio diversification compared to similar market conditions in 3Q11Lower corporate lending revenues reflecting mark-to-market movementsSignificant decline in emerging markets vs. strong 3Q14 results due to subdued client financing volumes and trading activity across regionsLower securitized products revenues driven by muted client activity across agency and non-agency partially offset by continued growth in asset financeMacro revenues declined as low volatility in FX offset improved performance in rates     Debt underwriting  Fixed income sales and trading          21  Lower fixed income results reflect significantly reduced client activity  October 21, 2015 

 Continued progress in winding down our Non-Strategic portfolio  Business impact& other1  (35%)  Leverage Exposure in USD bn  4Q13Reported  Year-end 2015 target  4Q14BIS  3Q15BIS  1Q15 BIS  (58%)  22  Note: Risk-weighted asset and leverage exposure goals are measured on constant FX basis and are subject to change based on future FX movements1 Includes business impact, internally driven methodology and policy impact and FX movements2 Includes provisions for credit losses  October 21, 2015  Non-Strategic unit in CHF mn  3Q15  2Q15  3Q14    9M15  9M14    Net revenues  (265)  (168)  (116)    (476)  (278)     o/w Legacy Funding   (21)  (31)  (46)    (85)  (115)     o/w Other Funding   (37)  (51)  (45)    (140)  (148)    Total expenses2  142  127   363    396  792     o/w Litigation-related  57  30  227    121  450    Pre-tax income / (loss)  (407)  (295)  (479)    (872)  (1,070)    Compared to 2Q15Higher pre-tax income loss compared to 2Q15:3Q15 was negatively impacted by mark-to-market adjustments, with minimal offset from valuation gains, and higher litigation expensesContinued progress in winding-down capital positions through the execution of a broad range of transactions including asset and portfolio sales, novations and clearing and compression initiatives:Reduced RWA by USD 1 bn, or 11%, to USD 8 bn and reduced leverage exposure by USD 3 bn, or 8%, to USD 37 bn  2Q15BIS  4Q13  Year-end 2015 target  (25%)  Basel 3 RWA in USD bn   4Q14  2Q15  1Q15  Business impact& other1  (62%)  3Q15 

 Achieved full year 2015 leverage exposure target   October 21, 2015  23  Investment Banking Leverage Exposure in USD bn  0% - (2%)  1 Excludes reductions in Non-Strategic unit  Delivered USD 141 bn in reductions from 4Q14, including USD 60 bn from 2Q15, with limited revenue impact Clearing-based initiatives and increased efficiencies from compression of tradesNon-strategic business reductions from asset and portfolio sales, novations and clearing and compression initiativesBusiness and client optimizations across macro and prime services businessesReductions partially offset by increased regulatory liquidity requirements  Non-Strategic business reductions & liquidity usage  Clearing & compression initiatives1  Non-Strategic business reductions & liquidity usage  Client optimization  Business optimization  End 2015 BIS   End-4Q14BIS  Business optimization  End-3Q15BIS  Clearing & compression initiatives1  Client optimization  Target USD ~5 bn in leverage exposure reductions by end 2015  Strategic  Non-Strategic            3Q15 IB Leverage Exposure  USD 141bn reduction from 4Q14         

 24  October 21, 2015  Lower strategic return on regulatory capital  Note: Calculated using income after tax denominated in USD; assumes tax rate of 30% and capital allocated based on average of 10% of average Basel 3 risk-weighted assets and 2.4% of average leverage exposure in 3Q14 and 9M14; in 2Q15, 3Q15 and 9M15, the calculation is based on an average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure 1 Impact from change in return calculation applies 3.0% CET1 ratio rather than 2.4% CET1 ratio 2 Includes impact of Non-Strategic funding charges, other revenue losses, operating expenses and capital 3 Leverage exposure reflects BIS for 3Q15, 2Q15, and 9M15 and Swiss leverage exposure for 3Q14 and 9M14  Compared to 9M14Lower 9M15 Strategic return on regulatory capital of 13% on capital allocated at 3% of average leverage exposure Lower revenues primarily due to challenging fixed income trading conditions and slowdown in underwriting activityImproved capital efficiency; reduced total leverage exposure by USD 241 bn, or 28%, and RWA by USD 7 bn, or 4%  Strategic9M14  Revenue impact  Cost impact  Capitalreduction  StrategicIB9M15  Non-Strategicunit2  TotalIB9M15  Total IB9M14Reported  Non-Strategic impact  Investment Banking after-tax return on regulatory capital (USD-denominated)  Use of 3% equity leverage ratio rather than 2.4%      Impact from change in return calculation1   10%  17%        in USD bn  9M14    9M15  Total Basel 3 RWA  171    164  Total Leverage exposure3   856    615                  (241)  (7) 

 Update on capital  October 21, 2015  25 

 October 21, 2015  Continued “look through” leverage reduction    Leverage Ratio (“look-through”)  Comments  BIS CET1 Lev. ratio  BIS Tier 1 Lev. ratio  Swiss Total Lev. ratio  CET1   Swiss TotalCapital  Tier-1 instruments  Tier-2 instr.  High trigger  Low trigger  2.4%  3.3%  3.9%  2.8%  3.9%  4.5%  Reported 4Q143  Further progress on leverage reductionIB: Reduced leverage exposure by CHF 30 bn over the quarter across Strategic and Non-Strategic businessesPB&WM: Reduced leverage exposure by CHF 7 bn over the quarter  Reported 3Q15    3Q15 Leverage exposure  CET1 = Common equity tier 1 4Q14 BIS leverage amounts are calculated based on our interpretation of, and assumptions and estimates related to, the BIS requirements as implemented by FINMA that were effective for 1Q15, and the application of those requirements on our 4Q14 results. Changes in these requirements or any of our interpretations, assumptions or estimates could result in different numbers from those shown here1 Off-balance sheet exposures and regulatory adjustments 2 In 1Q15, estimated 4Q14 BIS leverage exposure was adjusted when compared to the estimates provided at 4Q14 to reflect post implementation methodology, process and data improvements 3 Leverage ratio based on total Swiss “look-through” average leverage exposure of CHF 1,213 bn in 4Q14   26    Group leverage exposure (“look-through”; end period, CHF bn)  1,045  (128)IB    Exposure Add-ons1  (27)FX impact  Reported 3Q15  +11PBWM  1,150  Estimated4Q14 BIS equivalent2  Balance sheet assets(US GAAP)    +39Corp. Center  

 October 21, 2015    Group Basel 3 "look-through" risk-weighted assets (CHF bn)  3Q15 Basel 3 risk-weighted assets   1 Includes PB&WM and Corporate Center risk-weighted assets2 Methodology & policy reflects major external methodology changes only; business impact and other includes Investment Banking business impact, and internally driven methodology and policy impact  Comments  RWA increase of CHF 8 bn mainly driven by adverse FX movements of CHF 7 bn. CHF 2 bn from methodology changes of which CHF 1 bn in each of Private Banking & Wealth Management and Investment BankingAnticipate further RWA increase due to expected regulatory and related methodology changes in both IB and PB&WM; will limit reductions in Group RWA from current levels even given Non-Strategic run-off  CET1 ratio (“look-through”, %)CET1 capital (“look-through”, CHF bn)  10.1%  10.2%      4Q14  3Q15  27    2Q15  (1)Business impact & other    PB&WM1      Investment Banking  +7FXimpact    +2Methodology & policy2    3Q15  3Q15 CET1 ratio of 10.2% 

 Summary  October 21, 2015  28 

 Supplemental slides   SlideGroup and divisional capital and return profile 30Key performance indicators 31Capital ratios progression 32Leverage ratios progression 33Private Banking & Wealth Management return on regulatory capital profile 34Total Investment Banking results in USD 35Strategic Investment Banking results in USD 36Investment Banking Strategic Basel 3 RWA 37Currency mix (Group, PB&WM, IB, capital metrics) 38 - 41Collaboration revenues 42Shareholders’ equity and “look-through” CET1 capital breakdown 43Reconciliation of return on equity, return on tangible equity and return on regulatory capital 44  October 21, 2015  29 

 October 21, 2015      Strategic    Capital end period in CHF bn  All financials and return calculations above based on reported results. Leverage exposure reflects BIS for 1Q15 and 2Q15 and Swiss leverage exposure prior to 4Q14. 1 Return on regulatory capital is based on after-tax income and assumes tax rates of 25% in 2012 and 1Q13 and 30% thereafter and that capital is allocated at the average of 10% of average Basel 3 risk-weighted assets prior to 2013 and the average of 10% of average Basel 3 risk-weighted assets and 2.4% of average leverage exposure from 2013 until 2014. As of 1Q15, we use the average of 10% of average Basel 3 risk-weighted assets and 3% of average leverage exposure. Return on regulatory capital is different from externally disclosed Return on Equity. PB&WM and Group returns calculated based on CHF denominated financials; IB returns based on USD denominated financials  Return on regulatory capital1  Private Banking & Wealth Management  Capital end period in USD bn  Investment Banking  Capital end period in CHF bn  Return on regulatory capital1  Group  Return on regulatory capital1  Strategic  Strategic  Strategic  Strategic  1,004    Leverage exposure          Basel 3 RWA  Group and divisional capital and return profile  30  nm 

 31  1 KPIs measured on the basis of reported results; all data for Core Results 2 Excluding FVoD of CHF 623 mn, 3Q15 reported return on equity is 2% and reported cost/income is 94%3 Excluding FVoD of CHF 995 mn, 9M15 reported return on equity is 6% and reported cost/income is 83%  Key Performance Indicators  October 21, 2015      Key Performance Indicators (KPIs)1  Cost/income ratio< 70%  Return on equity> 15%  Group  Private Banking & Wealth Management  Investment Banking  3Q15  Cost/income ratio < 70%  Cost/income ratio < 65%  NNA growth (WMC)3-4% through 20156% long-term  4%  5%  72%  84%  7%  9%3  78%3  72%  84%  89%  5%  7%2  84%2  75%  104%  9M15  4%  69%  76%  11%  76%  Strategic  3Q15  9M15  Reported  31 

   October 21, 2015  “Look-through” Basel 3 capital ratios  Total Capital1  BIS CET1  High-trigger capital instruments  Low-trigger capital instruments  4.1%4  Swiss Total Capital Leverage Ratio  4.5%   9.6%  Current Credit Suisse requirements by 1.1.19  13.3%3  16.5%2  13.0%  17.05%4  CET1 = Common equity tier 1 1 Includes USD 3 bn Tier 1 participation securities prior to 4Q13 (with a haircut of 20%) and none thereafter2 Swiss CET1, issued high-trigger capital instruments of CHF 8.8 bn and CHF 9.1 bn as of 2Q15 and 3Q15, respectively, and issued low-trigger capital instruments of CHF 8.7 bn and CHF 9.3 bn as of 2Q15 and 3Q15, respectively 3 Swiss CET1+ high-trigger capital ratio 4 Excludes countercyclical buffer required as of September 30, 2013. The progressive component requirement is dependent on our size (leverage ratio exposure) and the market share of our domestic systemically relevant business and is subject to potential capital rebates that may be granted by FINMA. For 2016, FINMA increased our 2019 progressive component requirement from 4.05% to 5.07% due to the latest assessment of relevant market shares, which leads to a total capital ratio requirement of 18.07% and a Swiss leverage ratio requirement of 4.34%  13.4%3  16.5%2  4.3%   Capital ratios progression  32 

   in CHF bn  1Q15 Lev. ratio1  2Q15capital   2Q15Lev. ratio1  3Q15capital  3Q15Lev. Ratio1    CET1 Leverage ratio    28.5    29.0      Add: Tier 1 high-trigger capital instruments    6.2    6.4      Add: Tier 1 low-trigger capital instruments    4.8    5.1      BIS Tier 1 Leverage ratio    39.5    40.6      Deduct: Tier 1 low-trigger capital instruments    (4.8)    (5.1)      Add: Tier 2 high-trigger capital instrument    2.6    2.7      SNB Loss Absorbing Lev. Ratio    37.3    38.1      Add: Tier 1 low-trigger capital instruments    4.8    5.1      Add: Tier 2 low-trigger capital instruments    3.9    4.2      BIS Total Capital Leverage ratio    45.9    47.4      Add: Swiss regulatory adjustments    (0.1)    (0.1)      Swiss Total Capital Leverage ratio    45.8    47.3      1 Leverage ratios based on end-period BIS leverage exposure of CHF 1,103 bn in 1Q15, CHF 1,062 bn in 2Q15 and CHF 1,045 bn in 3Q15 2 The progressive component requirement is dependent on our size (leverage ratio exposure) and the market share of our domestic systemically relevant business and is subject to potential capital rebates that may be granted by FINMA. For 2016, FINMA increased our 2019 progressive component requirement from 4.05% to 5.07% due to the latest assessment of relevant market shares, which leads to a total capital ratio requirement of 18.07% and a Swiss leverage ratio requirement of 4.34%  3.7%  3.9%  3.5%  3.6%  “Look-through” Swiss Total Capital leverage ratio of 4.5%; reached 2019 requirement“Look-through” CET1 and BIS Tier 1 Leverage ratio improved to 2.8% and 3.9%, respectively  Leverage calculation “Look-through”   4.3%  4.5%  4.1%2  Expected 2019 Swiss Total Capital Leverage ratio requirement:  4.5%  4.3%  October 21, 2015  2.7%  2.8%  3.6%  3.4%  4.2%  4.2%  2.6%  Leverage ratios progression  33 

 PB&WM return on regulatory capital profile  PTI impact  AM after-tax return on regulatory capital (CHF-denominated)  Increasein capital usage  Methodology changes, transfers and market impact  Use of 3%equity leverageratio ratherthan 2.4%  3Q14  3Q15  PTI impact  CIC after-tax return on regulatory capital (CHF-denominated)  Increasein capital usage  Methodology changes, transfers and market impact  Use of 3%equity leverageratio ratherthan 2.4%  3Q14  3Q15  PTI impact  WMC after-tax return on regulatory capital (CHF-denominated)  Increase in capital usage  Methodology changes, transfers and market impact  Use of 3%equity leverageratio ratherthan 2.4%  3Q14  3Q15  PTI impact  PB&WM strategic after-tax return on regulatory capital (CHF-denominated)  Increasein capital usage  Methodology changes, transfers and market impact  Use of 3%equity leverageratio ratherthan 2.4%  3Q14  3Q15  (4)pp  (4)pp  (2)pp  Note: Calculated using income after tax denominated in CHF; assumes tax rate of 30% and capital allocated based on average of 10% of average Basel 3 risk-weighted assets and 2.4% of average leverage exposure (or 3% where specified) in 3Q14; in 3Q15, the calculation is based on an average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure PTI = Pre-tax income  October 21, 2015  34  --  --  (14)pp 

 Total Investment Banking results in USD  1 Calculated using income after tax denominated in USD; assumes tax rate of 30% and capital allocated based on average of 10% of average Basel 3 risk-weighted assets and 2.4% of average leverage exposure in 3Q14 and 9M14; in 2Q15, 3Q15 and 9M15, the calculation is based on an average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure  in USD mn  3Q15  2Q15  3Q14    3Q15 vs. 2Q15  3Q15 vs.3Q14    9M15  9M14    9M15 vs. 9M14  Net revenues   2,438  3,602  3,561    (32%)  (32%)    9,825  11,161    (12%)   Debt underwriting  337   498   562     (32%)  (40%)    1,185   1,631     (27%)   Equity underwriting  122   255   229     (52%)  (47%)    537   737     (27%)   Advisory and other fees  199   221   184     (10%)  8%     558   567     (2%)   Fixed income sales & trading  699   1,314   1,539     (47%)  (55%)    3,777   4,803     (21%)   Equity sales & trading  1,205   1,409   1,156     (14%)  4%     4,067   3,785     7%    Other  (123)  (95)  (109)    29%   12%     (299)  (362)    (17%)  Provision for credit losses  31  8  38    nm   nm    39  32    nm   Compensation and benefits  1,200  1,646  1,564    (27%)  (23%)    4,485  4,962    (10%)   Other operating expenses  1,335  1,295  1,393    3%   (4%)    3,775  3,829    (1%)  Total operating expenses  2,535  2,941  2,957    (14%)  (14%)    8,259  8,791    (6%)  Pre-tax income  (128)  653  566     nm  nm    1,526  2,338    (35%)  Cost / income ratio  104%  82%  83%    --  --    84%  79%    --  Return on capital1   nm  10%  8%    --  --    8%  11%    --  35  October 21, 2015 

 Strategic Investment Banking results in USD  in USD mn  3Q15  2Q15  3Q14    3Q15 vs. 2Q15  3Q15 vs.3Q14    9M15  9M14    9M15 vs. 9M14  Net revenues   2,710  3,782  3,685    (28%)  (26%)    10,321  11,467    (10%)   Debt underwriting  337   498   562     (32%)  (40%)    1,185   1,631     (27%)   Fixed income sales & trading  919   1,484   1,658     (38%)  (45%)    4,226   5,079     (17%)  Fixed income franchise  1,256   1,982   2,220     (37%)  (43%)    5,411   6,710     (19%)   Equity underwriting  122   255   229     (52%)  (47%)    537   737     (27%)   Equity sales & trading  1,242   1,407   1,154     (12%)  8%     4,067   3,772     8%   Equities franchise  1,364   1,662   1,383     (18%)  (1%)    4,604   4,509     2%    Advisory and other fees  199   221   184     (10%)  8%     558   567     (2%)   Other  (107)  (83)  (102)    29%   5%     (253)  (318)    (20%)  Provision for credit losses  15  8  31    nm   nm    23  25    nm   Compensation and benefits  1,176  1,606  1,523    (27%)  (23%)    4,381  4,836    (9%)   Other operating expenses  1,228  1,199  1,058    2%   16%     3,478  3,095    12%   Total operating expenses  2,404  2,806  2,581    (14%)  (7%)    7,859  7,931    (1%)  Pre-tax income  291  968  1,073    (70%)  (73%)    2,438  3,511    (31%)  Cost / income ratio  89%  74%  70%    --   --     76%  69%    --  Return on capital1  5%  16%  17%    --  --    13%  19%    --  1 Calculated using income after tax denominated in USD; assumes tax rate of 30% and capital allocated based on average of 10% of average Basel 3 risk-weighted assets and 2.4% of average leverage exposure in 3Q14 and 9M14; in 2Q15, 3Q15 and 9M15, the calculation is based on an average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure  36  October 21, 2015 

 37  3Q15 Investment Banking Basel 3 RWA  October 21, 2015    RWA  16  26  20  19  10  91    RWA  4    RWA  22    RWA    2      RWA  9  12  14  2  37  Basel 3 risk-weighted assets in USD bn  1 Includes Rates and FX franchises 2 Includes fixed income other, CVA management and fixed income treasury  Equities  Fixed income   Macro1  Securitized Products  Credit   Emerging Markets  Other2  Strategic fixed income  Cash Equitiesand Market Making  Prime Services  Derivatives  Other  Strategic Equities  Corporate Bank  Corporate Bank  Investment Banking Other  Other  M&A and Other   IBD    RWA    8    Non-Strategic  Non-Strategic 

 38  Currency mix of 9M15 Group Results  October 21, 2015  Credit Suisse Core Results  1 Total operating expenses and provisions for credit losses  Applying a +/-10% movement on the average FX rates for 9M15, the sensitivities are as follows:USD/CHF impact on 9M15 pre-tax income by CHF +392 / (392) mnEUR/CHF impact on 9M15 pre-tax income by CHF +209 / (209) mn  Sensitivity analysis based weighted average exchange rates of USD/CHF of 0.95 and EUR/CHF of 1.05 for three-quarter results  Applying the September month-end exchange rates for USD/CHF of 0.98 and EUR/CHF of 1.09 in lieu of the average FX rates for 9M15, the sensitivities are as follows:USD/CHF impact on 9M15 pre-tax income by CHF 95 mnEUR/CHF impact on 9M15 pre-tax income by CHF 74 mn  FX Sensitivity analysis  CHF mn 9M15 CHF USD EUR GBP Other      Net revenues 19,596 19% 53% 14% 3% 11%Total expenses1 15,551 30% 41% 4% 12% 13% 

 39  Currency mix of 9M15 PB&WM Results  Applying a +/-10% movement on the average FX rates for 9M15, the sensitivities are as follows:USD/CHF impact on 9M15 pre-tax income by CHF +173 / (173) mnEUR/CHF impact on 9M15 pre-tax income by CHF +86 / (86) mn  Applying the September month-end exchange rates for USD/CHF of 0.98 and EUR/CHF of 1.09 in lieu of the average FX rates for 9M15, the sensitivities are as follows:USD/CHF impact on 9M15 pre-tax income by CHF 47 mnEUR/CHF impact on 9M15 pre-tax income by CHF 28 mn  Sensitivity analysis based weighted average exchange rates of USD/CHF of 0.95 and EUR/CHF of 1.06 for three-quarter results  FX Sensitivity analysis  1 Total operating expenses and provisions for credit losses  Private Banking & Wealth Management  CHF mn 9M15 CHF USD EUR GBP Other      Net revenues 9,059 40% 36% 14% 2% 8%Total expenses1 6,641 53% 22% 6% 6% 13%  October 21, 2015 

 40  Currency mix of 9M15 IB Results  Applying a +/-10% movement on the average FX rates for 9M15, the sensitivities are as follows:USD/CHF impact on 9M15 pre-tax income by CHF +141 / (141) mnEUR/CHF impact on 9M15 pre-tax income by CHF +112 / (112) mn  Applying the September month-end exchange rates for USD/CHF of 0.98 and EUR/CHF of 1.09 in lieu of the average FX rates for 9M15, the sensitivities are as follows:USD/CHF impact on 9M15 pre-tax income by CHF 33 mnEUR/CHF impact on 9M15 pre-tax income by CHF 43 mn  1 Total operating expenses and provisions for credit losses  Sensitivity analysis based weighted average exchange rates of USD/CHF of 0.95 and EUR/CHF of 1.05 for three-quarter results  FX Sensitivity analysis  Investment Banking  CHF mn 9M15 CHF USD EUR GBP Other      Net revenues 9,320 0% 67% 15% 5% 13%Total expenses1 7,885 2% 61% 3% 18% 16%  October 21, 2015 

   Note: Data based on September 2015 month-end currency mix and on a “look-through” basis1 Reflects actual capital positions in consolidated Group legal entities (net assets) including net asset hedges less applicable Basel 3 regulatory adjustments (e.g. goodwill)2 The Tier 1 Capital leverage ratio requires a higher portion of other currencies to mitigate the impacts of FX movements  Sensitivity analysis  A 10% weakening of the US dollar (vs. CHF) would have a -1.9bps impact on the “look-through” BIS CET1 ratioA 10% weakening of the CHF against all currencies2 would have a -3.7bps impact on the Tier 1 Capital Leverage ratio  CET 1 Capital1 - BIS  Basel 3 RWA - BIS  Tier 1 Capital - BIS  Swiss Leverage Exposure   Currency mix of Group capital metrics  41  October 21, 2015 

 Collaboration revenues  2015 Collaboration Revenues impacted by the change in fund management from Hedging Griffo to Verde Asset Management (see slide 15)Increased share of collaboration revenues as a % of total net revenuesContinued solid performance in providing tailored solutions to UHNWI clients  Collaboration revenues target range of 18% to 20% of net revenues  Collaboration revenues – Core results in CHF bn / as % of net revenues  October 21, 2015  42 

 Shareholders’ equity and “look-through” CET1 capital breakdown  October 21, 2015  1 Goodwill and intangibles gross of Deferred Tax Liability 2 Regulatory capital calculated as the average of 10% of average RWA and 3.0% of average leverage exposure at the end of 3Q15  3Q15 Shareholders’ equity breakdown in CHF bn  Tangible equity and misc. (not B3 effective)  Goodwill and Intangibles1  IB Strategic2  PB&WM Strategic2  IB Non-Strategic2  44.8  44.8  “Look-through”Common EquityTier 1 Capital  Total regulatorydeductions and adjustments  3Q15 Shareholders’ equity in CHF bn    PB&WM Non-Strategic2    3Q15  Shareholders’ equity  44,757  Regulatory deductions (includes accrued dividend, treasury share reversal, scope of consolidation)  (206)  Adjustments subject to phase-in  (15,507)  Non-threshold-based  (14,137)   Goodwill & Intangibles (net of Deferred Tax Liability)  (8,541)   Deferred tax assets that rely on future profitability (excl. temporary differences)  (2,816)   Defined benefit pension assets (net of Deferred Tax Liability)  (958)   Advanced internal ratings-based provision shortfall  (565)   Own Credit (Bonds, Struct. Notes, PAF, CCA, OTC Derivatives)  (1,168)   Own shares and cash flow hedges   (89)  Threshold-based  (1,370)   Deferred Tax Asset on timing differences  (1,370)  Total regulatory deductions and adjustments  (15,713)  “Look-through” Common Equity Tier 1 capital  29,044  Reconciliation of shareholders’ equity to “look-through” CET1 capital in CHF mn  Corporate Center2  43 

 Reconciliation of return on equity, return on tangible equity and return on regulatory capital  Return on regulatory capital based on after-tax income and assumes capital allocated at the average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure1 Excludes revenue impact from Fair Value on own Debt (FVoD) of CHF 995 million 2 For Investment Banking, capital allocation and return calculations are based on US dollar denominated numbers  October 21, 2015  44 

 October 21, 2015