Second Quarter 2015 Results  Presentation to Investors  July 23, 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 second 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 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. Leverage exposure target assumes constant USD/CHF and EUR/CHF exchange rates equal to those at the end of 2Q15.   July 23, 2015  * 

 Introduction  David Mathers, Chief Financial Officer  July 23, 2015  * 

 Key messages from Credit Suisse 2Q15 results  July 23, 2015  Private Banking & Wealth ManagementStrategic PTI of CHF 1,001 mn; return on regulatory capital of 26%  Group pre-tax income of CHF 1.6 bn driven by momentum in PB&WM and equities, including Asia Pacific contribution of CHF 0.4 bn with ~150% YoY increase; IB leverage reduction on track towards target  Strategic equity sales and trading results increased 12% YoY in USD driven by growth across all products in Asia Pacific, particularly derivatives; higher prime services revenues notwithstanding meaningful reduction in leverage exposureRebound in advisory revenues, up 22% vs. 2Q14 in USDStrategic fixed income sales and trading USD revenues down 10% YoY as continued momentum in securitized products and improved client activity in macro were offset by lower credit and emerging markets resultsIn USD terms, Strategic pre-tax income down 18% from 2Q14 with a 1% decrease in revenues and a 6% increase in costs driven by investments in our risk, regulatory and compliance infrastructure and higher litigation expenses, resulting in Strategic return on regulatory capital of 16%  Progress on capital  “Look-through” CET1 ratio of 10.3%, up from 10.1% at end 2014Investment Banking achieved USD 81 bn of leverage exposure reduction in 6M15“Look-through” Swiss Total Leverage ratio of 4.3%, of which BIS Tier 1 leverage ratio of 3.7%; on track to reach end 2015 targets  All data for Core Results. All references on this slide and the rest of the presentation to Group reported pre-tax income refer to income from continuing operations before taxes. 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 exposure  *  Strategic pre-tax income of CHF 1,001 mn, an increase of 13% from 2Q14 due to strong net interest income and higher client activityWealth Management Clients with three consecutive quarters of pre-tax income growth to CHF 0.7 bn in 2Q15; mandates penetration increased to 20% following the launch of Credit Suisse Invest; Corporate & Institutional Clients pre-tax income up 16% vs. 2Q14; Asset Management pre-tax income down 14% YoY to CHF 88 mnStrategic net new assets of CHF 15.4 bn driven by continued momentum in Asia Pacific, with annualized NNA growth of 4.2% in Wealth Management ClientsStrategic return on regulatory capital of 26%; continued cost discipline resulting in an improved cost/income ratio of 67%Slow down of asset outflows from regularization; revised estimate for 2015 of up to CHF 10 bn  Investment BankingStrategic PTI of USD 968 mn;return on regulatory capital of 16%  For this and all following slides: Mandates penetration = AuM related to mandates in WMC / total WMC AuMPB&WM = Private Banking & Wealth Management WMC = Wealth Management Clients 

 July 23, 2015  Note: Leverage exposure reflects BIS at end 4Q14 and 2Q15UHNWI = Ultra High Net-worth Individuals  Wealth Mgmt. Clients (“WMC”)Pre-tax income  6M15 pre-tax income up 14% YoY to CHF 1.3 bn, driven primarily by increased contribution from Switzerland6M15 net interest income up 12% YoY, with higher loan margins and loan growthCHF 1.3 bn of net new UHNWI lending in WMC in 2Q15 and CHF 7.7 bn since January 1st 2014Mandates penetration increased to 20% following the launch of Credit Suisse Invest on April 1st, 2015Successful mitigation of change in the Swiss interest rate environment; continued adverse impact from regularization on recurring revenuesCost/income ratio of 69% in 6M15 vs. 71% in 6M14  Investment Banking leverage  (11%)  *  +14%  in CHF mn  Leverage reduction plan ahead of schedule with exposure reduced by USD 81 bn, or 11%, since end 2014Limited direct revenue impact to date as mitigation effort has focused onReduction of the Non-Strategic unitClearing & compression initiativesMay see some adverse revenue impact in balance of 2015 as remaining initiatives are implemented  in USD bn  Continued delivery on initiatives 

 July 23, 2015  *  Asia Pacific Profitability  Strong Asia performance on back of differentiated strengths across One Bank:Entrepreneur client activity, notably in South East Asia and Greater ChinaIntegrated client coverage & solutions delivery from collaboration across PB&WM and IBDisciplined risk-taking with outperformance in equity derivatives, macro and emerging markets trading  Group APAC pre-tax income in CHF mn  PB&WM momentum in Asia Pacific  APAC Net new assets in CHF bn1  +101%  +13%  UHNWI = Ultra High Net-worth Individuals APAC = Asia Pacific AuM = Assets under management1 Before eliminating double-count related to collaboration for assets managed by Asset Management for Wealth Management Clients of CHF (0.3) bn in 6M14 and CHF (1.9) bn in 6M15 and excluding net new assets in our Non-Strategic Unit of CHF (0.1) bn in 6M15 (CHF 0 bn in 6M14) 2 Industry accolades in 2014  Asia Pacific clients delivering profitable growth across our businesses   Outstanding Private Bank for UHNWI Clients  Best Asia Pacific Investment Bank  Industry Accolades2  Collaboration culture and UHNWI and entrepreneurs focus driving asset uplift:UHNWIs represent 65% of total WMC AuMWMC relationship manager productivity up with fee-based revenues per average relationship manager growing 21% vs. 6M14Continued investment in client coverage 

 Financial results  July 23, 2015  * 

 Results Overview  July 23, 2015  *  Note: 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 228 mn, CHF 144 mn, CHF 16 mn and CHF (89) mn in 2Q15, 1Q15, 2Q14 and 1Q14, respectively, and pre-tax charge of CHF 1,618 mn relating to the settlements with US authorities regarding the US cross-border matters in 2Q14 and 6M14, in Non-Strategic and total reported results  in CHF mn 2Q15 1Q15 2Q14 6M15 6M14Net revenues 6,758 6,590 6,309 13,348 12,839Pre-tax income 1,812 1,822 1,775 3,634 3,719Cost / income ratio 73% 72% 72% 72% 71%Return on equity1 14% 12% 13% 13% 14%Net new assets2 in CHF bn 15.4 18.4 11.8 33.8 27.8  Net revenues 6,941 6,673 6,433 13,614 12,902Pre-tax income / (loss) 1,646 1,538 (370) 3,184 1,030 Pre-tax income ex FVoD and settlement impact3 1,418 1,394 1,232 2,812 2,721Net income / (loss) attributable to shareholders 1,051 1,054 (700) 2,105 159Diluted earnings / (loss) per share in CHF 0.61 0.62 (0.46) 1.23 0.05Return on equity 10% 10% (7)% 10% 1% Return on equity ex FVoD and settlement impact3 8% 8% 8% 8% 8%  Net revenues 183 83 124 266 63Pre-tax income / (loss) (166) (284) (2,145) (450) (2,689) Pre-tax income ex FVoD and settlement impact3 (394) (428) (543) (822) (998) 

 *  July 23, 2015  PB&WM Strategic pre-tax income increase of 13%  Note: Leverage exposure reflects BIS for 1Q15 & 2Q15 and Swiss leverage exposure for 2Q14 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 2.4% of average leverage exposure (or 3% where specified) in 2Q14 and 6M14; in 1Q15, 2Q15 and 6M15, the calculation is based on an average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure 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 2Q14 and 6M14   Strategic results compared to 2Q14Pre-tax income up 13% to CHF 1.0 bn driven by higher net interest income and continued momentum in client activity Revenues up 5% with higher contribution from both the Wealth Management Clients and Corporate & Institutional Clients businesses, partially offset by lower Asset Management resultsOperating expenses up 2% with increased variable compensation accruals reflecting the 6M15 performanceCost/income ratio improved to 67%Return on regulatory capital of 26% on a 3% CET1 leverage ratio; on an equivalent basis, 2Q14 return on capital would have been 25% Net new assets of CHF 15.4 bn, in line with prior year, of whichCHF 9.0 bn in Wealth Management Clients at an annualized growth rate of 4.2%CHF 1.6 bn of outflows in Corporate & Institutional Clients reflecting pricing changes on cash depositsCHF 8.9 bn in Asset Management driven by inflows in traditional and alternative products  in CHF mn 2Q15 1Q15 2Q14 6M15 6M14Net revenues 3,091 2,970 2,932 6,061 5,963Provision for credit losses 31 25 30 56 47Compensation and benefits 1,233 1,205 1,184 2,438 2,409Other operating expenses 826 802 836 1,628 1,660Total operating expenses 2,059 2,007 2,020 4,066 4,069Pre-tax income 1,001 938 882 1,939 1,847Basel 3 RWA in CHF bn 101 105 97 101 97Leverage exposure in CHF bn 376 386 340 376 340Cost/income ratio 67% 68% 69% 67% 68%Return on regulatory capital 1 26% 24% 28% 25% 30%Return on reg. capital (based on 3% lev.) 1 26% 24% 25% 25% 27%Net new assets 2 in CHF bn 15.4 18.4 11.8 33.8 27.8Assets under management 2 in CHF bn 1,346 1,365 1,304 1,346 1,304Net revenues 61 2 114 63 323Total operating expenses 3 112 102 1,752 214 1,898Pre-tax income / (loss) (64) (104) (1,631) (168) (1,584)Net revenues 3,152 2,972 3,046 6,124 6,286Total operating expenses 2,171 2,109 3,772 4,280 5,967Pre-tax income / (loss) 937 834 (749) 1,771 263Return on regulatory capital 1 24% 21% n.a. 22% 4%Basel 3 RWA in CHF bn 106 109 104 106 104Leverage exposure in CHF bn 380 390 357 380 357 

 in CHF mn 2Q15 1Q15 2Q14 6M15 6M14Net interest income 821 741 688 1,562 1,394Recurring commissions & fees 717 700 728 1,417 1,458Transaction- & perf.-based revenues 659 670 601 1,329 1,239Net revenues 2,197 2,111 2,017 4,308 4,091Provision for credit losses 7 17 17 24 33Total operating expenses 1,521 1,458 1,431 2,979 2,911Pre-tax income 669 636 569 1,305 1,147Cost/income ratio 69% 69% 71% 69% 71%Net loans in CHF bn 170 168 157 170 157Basel 3 RWA in CHF bn 53 54 51 53 51 Return on regulatory capital1 29% 29% 31% 29% 31%Return on reg. capital (based on 3% lev.)1 29% 29% 27% 29% 28%Net new assets in CHF bn 9.0 7.0 7.4 16.0 18.0Assets under management in CHF bn 848 861 830 848 830  *  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 2.4% of average leverage exposure (or 3% where specified) in 2Q14 and 6M14; in 1Q15, 2Q15 and 6M15, the calculation is based on an average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure  July 23, 2015  Compared to 2Q14Further increases in profitability from start of the yearPre-tax income of CHF 669 mn, up 18%; 6M15 result up 14% vs. 6M14Return on regulatory capital of 29% on a 3% CET1 leverage ratio; on an equivalent basis, 2Q14 return on capital would have been 27% Increase in net interest income vs. both 2Q14 and 1Q15 reflects higher loan margins and loan volumes; lower income on deposits despite further lowering of client deposit ratesTransaction revenues up 10% due to continued momentum in client activityMandates penetration increased to 20% from 17% at the end of 2014 following the launch of Credit Suisse Invest on 1st April 2015, supporting an increase in recurring revenues vs. 1Q15 Higher operating expenses include higher variable compensation accruals reflecting 6M15 performance and higher headcount; cost/income ratio improved to 69% from 71% Structural changes as of July 1, 2015The credit and charge card issuing business has been deconsolidated as of July 1, 2015 (see appendix slide 38 for more detail)  Wealth Management Clients pre-tax income increase of 18% 

 *  Improved net margin of 31 bps and gross margin of 102 bps  All data for Wealth Management Clients business Net margin = Pre-tax income / average AuM Gross margin = Net revenues / average AuM  Net margin on AuM in basis points  Net revenues in CHF mn  34  36  29  99  35  33  32  100  38  33  31  102  28  30  31  2,017  2,111  2,197  Net margin of 31bps for both 2Q15 and 6M15  Transaction- and performance-based revenues up 10% with higher sales & trading revenues and higher FX client transaction revenues. 2Q15 and 2Q14 include a dividend from our ownership interest in SIX Group AG   Recurring commissions & fees broadly stable with an increase in discretionary mandate fees and higher advisory fees following the launch of Credit Suisse Invest, offset by regularization impact  Net interest income up 19% with higher loan margins and loan growth; lower income on deposits driven by lower replication portfolio income partially offset by lower client deposit rates  2Q15 performance vs. 2Q14  28  31  4,308  4,091  31  36  34  37  33  31  101  101  Gross margin on AuM in basis points  July 23, 2015  47%  49%  49%  819  843  859  Average assets under management (AuM) in CHF bn  Ultra High Net Worth Individuals’ share  49%  851  47%  808 

 Wealth Management Clients net new assets of CHF 9 bn  *   2Q15 net new assets in CHF bn  Americas  EMEA  Asia Pacific  %  Annualized net new assets growth rate  (2)%  2%  4%  17%  Switzerland  3%  4.2%  MatureMarkets  by management region  by customer domicile  EmergingMarkets  6%  4.5%  Outflows related to regularization  July 23, 2015  Net new assets of CHF 9.0 bn at an annualized 4.2% growth rate above our short-term target range of 3 to 4% per annumAsia Pacific continues to deliver double-digit growth with 17% growth rate in 2Q15; strong net new asset generation in Greater China Solid result again in Switzerland with good momentum in the UHNWI client segmentGrowth in the US offset by a small number of large client outflows in Latin America EMEA with positive net new assets including good contribution from Western Europe Outflows related to regularization of CHF 1.5 bn (of which CHF 0.6 bn in the strategic business) 

 6M15  *  *  Progress in regularizing client assets  Increasing mandates penetration  Expanding lending to UHNWI segment  39  Cumulative net new UHNWI lending in WMC since 2013  40  2Q15  *  *(incl. funds, products etc.)  2014  Assets under Management in WMC  Mandates(advisory & discretionary)  *  1 E.g.: contextual portfolio information, online collaboration capabilities, enhanced trading & market information 2 Includes Non-Strategic unit. Outflows in 2011, 2012 and 2013 represent Western European cross-border outflows and outflows in 2014 & 6M15 represent outflows related to regularization across all regions RM = relationship managers  Total outflows PB&WM2 in CHF bn  Successfully implementing strategy  8.5  6.5  28  2013  2011  2012  6M15  10.5  8.7  7.0  13.0  *  July 23, 2015  UHNWI loan volume increased 43% toCHF 40 bnGrowth has been broad based with solid contributions from all regions  Mandates penetration increased to 20%Follows the launch of new advisory services Credit Suisse Invest and the update/re-launch of our discretionary mandates suiteExpect sales momentum to result in further increase in mandates penetration over time  Delivering digital private banking  Enhancing the digital client experience  Launched new digital client platform with enhanced features1 in APAC & updated the mobile Private Banking app in SwitzerlandCreating a new client experience and facilitating a more direct collaboration between clients, their RM and other financial experts across Credit Suisse Plan to add features in Asia Pacific in 2H15 and in Switzerland in 2016 and go-live in the US and additional European locations throughout 2016   Loansin CHF bn  Selected client view examples  2.9  Finalizing Western European regularization Additional outflows related to tax program in Italy to come in 2H15Client mix shift and regularization adversely impact recurring marginRevised outflows estimate of up to CHF 10 bn in 2015 

 *  Corporate and Institutional Clients pre-tax income increase of 16%  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 2.4% of average leverage exposure (or 3% where specified) in 2Q14 and 6M14; in 1Q15, 2Q15 and 6M15, the calculation is based on an average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure  July 23, 2015  Compared to 2Q14Pre-tax income of CHF 244 mn, up 16% and return on regulatory capital of 19%Higher net interest income reflects improved loan margins and increased loan volumes offsetting continued decline in replication portfolio incomeHigher levels of credit losses reflect a small number of individual provisions Operating expenses down 4% with reductions in compensation costs and other operating expenses; cost/income ratio improved to 47%, down from 53% in 2Q14Net new asset outflows of CHF 1.6 bn reflecting pricing changes on cash deposits  in CHF mn 2Q15 1Q15 2Q14 6M15 6M14Net interest income 275 240 266 515 523Recurring commissions & fees 115 123 113 238 235Transaction- & perf.-based revenues 125 126 118 251 235Other revenues1 (7) (5) (22) (12) (26)Net revenues 508 484 475 992 967Provision for credit losses 24 8 13 32 14Total operating expenses 240 246 251 486 496Pre-tax income 244 230 211 474 457Cost/income ratio 47% 51% 53% 49% 51%Net loans in CHF bn 66 67 65 66 65Basel 3 RWA in CHF bn 36 39 34 36 34Return on regulatory capital2 19% 18% 19% 18% 21%Return on reg. capital (based on 3% lev.) 2 19% 18% 18% 18% 19%Net new assets in CHF bn (1.6) 6.1 0.6 4.5 1.0 Assets under management in CHF bn 278 287 261 278 261 

 Asset Management results seasonally biased towards the fourth quarter  *  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 2.4% of average leverage exposure (or 3% where specified) in 2Q14 and 6M14; in 1Q15, 2Q15 and 6M15, the calculation is based on an average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure  July 23, 2015  Compared to 2Q14Pre-tax income of CHF 88 mnLower recurring commissions & fees and lower expenses reflect the change in fund management from Hedging Griffo to Verde Asset Management in 4Q14Excluding fees from Hedging Griffo in 2Q14, recurring fees would have been broadly in line with 2Q15Transaction- and performance-based revenues declined slightly due to lower performance fees Compared to 1Q15, pre-tax income increased 22% reflecting increased placement feesNet new assets of CHF 8.9 bn with inflows across traditional products, alternative products and multi-asset class solutionsInflows in alternative products were driven by CLO issuances and commoditiesInflows in traditional products were led by inflows from a joint venture in emerging markets and real estate products  in CHF mn 2Q15 1Q15 2Q14 6M15 6M14Recurring commissions & fees 250 244 295 494 582Transaction- & perf.-based revenues 141 126 146 267 310Other revenues (5) 5 (1) - 13Net revenues 386 375 440 761 905Total operating expenses 298 303 338 601 662Pre-tax income 88 72 102 160 243Cost/income ratio 77% 81% 77% 79% 73%Fee-based margin in basis points 38 37 46 37 48o/w recurring fee-based margin 32 32 36 32 37Basel 3 RWA in CHF bn 12 12 11 12 11Return on regulatory capital1 29% 23% 48% 25% 61%Return on reg. capital (based on 3% lev.) 1 29% 23% 47% 25% 59%Net new assets in CHF bn 8.9 10.2 4.1 19.1 11.0Assets under management in CHF bn 394 392 377 394 377 

 *  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 4Q13 RWA includes CHF 2 bn external methodology impact in 1Q14 2 Realignment expenses in PB&WM relating both to continuing operations and operations treated as discontinued at the Group level  2Q15Operating expenses include costs of CHF 66 mn to meet requirements related to the settlements with US authorities regarding US cross-border mattersCompared to 2Q14Lower revenues reflected the on-going winding down of our non-strategic portfolio2Q14 operating expenses included the CHF 1,618 mn litigation charge related to settlements with US authorities regarding the US cross-border matters  July 23, 2015  4Q131  Year-end 2015 target  Basel 3 RWA in CHF bn   4Q14  Business reductions  Leverage Exposure in CHF bn  4Q13Reported  Year-end 2015 target  2Q15  4Q14BIS  2Q15BIS  1Q15  Market movements  1Q15 BIS  (44%)  (82%)  in CHF mn 2Q15 1Q15 2Q14 6M15 6M14Select onshore businesses 2 1 22 3 44Legacy cross-border businesses 31 34 41 65 85AM divestitures and discontinued operations 15 (45) 38 (30) 172Other Non-Strategic positions & items 13 12 13 25 22Net revenues 61 2 114 63 323Provision for credit losses 13 4 (7) 17 9Total operating expenses 112 102 1,752 214 1,898 o/w realignment expenses 2 15 18 17 33 53 o/w US cross-border matters 66 42 1,649 108 1,677Pre-tax income / (loss) (64) (104) (1,631) (168) (1,584)Net new assets in CHF bn (1.2) (1.4) (1.7) (2.6) (4.0) 

 *  Investment Banking with stable returns despite lower profits  July 23, 2015  Note: Rounding differences may occur with externally published spreadsheets 1 Leverage exposure reflects BIS for 2Q15, 1Q15, and 6M15 and Swiss leverage exposure for 2Q14 and 6M14  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 2Q14 and 6M14; in 1Q15, 2Q15 and 6M15, 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  Compared to 2Q14Strategic revenues down 1% in USD as higher equities results (led by APAC) and improved M&A performance were offset by a decline in our fixed income businessStrategic expenses increased 6% in USD reflecting investments in our risk, regulatory and compliance infrastructure and higher costs from litigation, commissions and indirect taxesIn CHF, strategic revenues increased 5% and strategic expenses increased 12% due to 6% appreciation of the US dollar against the Swiss francSignificant improvement in capital efficiency; reduced total leverage exposure by USD 178 bn and total RWA by USD 14 bn Higher total return on regulatory capital of 12% in 6M15 vs. 11% in 6M14 and consistent Strategic return on regulatory capital of 17% in 6M15, applying a 3% CET1 leverage ratio Compared to 1Q15Total leverage exposure declined USD 22 bn to USD 675 bn reflecting continued progress on planned reductionsTotal RWA increased USD 4 bn to USD 167 bn primarily due to uplifts from methodology and the depreciation of the US dollar against the Swiss franc on operational risk RWA  in CHF mn  2Q15  1Q15  2Q14      6M15  6M14  Net revenues  3,549  3,626  3,380      7,175  6,920  Provisions for credit losses  7   1  (5)      8   (5)   Compensation and benefits  1,507  1,514  1,465      3,021  2,945   Other operating expenses  1,125   996   878       2,121  1,810  Total operating expenses  2,632  2,510  2,343      5,142  4,755  Pre-tax income  910   1,115   1,042       2,025  2,170  Basel 3 RWA USD bn  158  153  166      158  166  Leverage exposure USD bn1  635  648  776      635  776  Cost/income ratio  74%  69%  69%      72%  69%  Return on regulatory capital2  16%  19%  19%      17%  20%   Return on regulatory cap. (based on 3% lev)2  16%  19%  17%      17%  17%  Net revenues  (168)  (43)  (38)      (211)  (162)  Total expenses3  127  127   252      254  429  Pre-tax income / (loss)  (295)  (170)  (290)      (465)  (591)  Basel 3 RWA USD bn  9  10  14      9  14  Leverage exposure USD bn1  40  49  77      40  77  Net revenues  3,381  3,583  3,342      6,964  6,758  Total expenses3  2,766  2,638  2,590      5,404  5,179  Pre-tax income  615   945   752       1,560  1,579  Basel 3 RWA USD bn  167  163  181      167  181  Leverage exposure USD bn1  675  697  853      675  853  Return on regulatory capital2  10%  15%  12%      12%  13%   Return on regulatory cap. (based on 3% lev.)2  10%  15%  11%      12%  11% 

 *  Equity sales & trading and underwriting – StrategicRevenues in CHF mn  Note: Underwriting revenues are also included in the total Equity franchise view  1,564  1,579  1,662  3,125  3,242  Equity sales & trading and underwriting - Strategic revenues USD mn  Equity underwriting  Equity sales and trading  Compared to 2Q14Equity franchise results increased 6% in USD, due to an increase in sales and trading revenue reflecting higher activity in APAC and improved volatilitySignificantly higher derivatives revenues reflecting growth in APAC and continued momentum from Private Banking and Wealth Management distributed fee-based productsHigher prime services revenues despite reduced leverage exposure; continued progress on our client portfolio optimization strategy produced higher return on assetsSlightly lower cash equities revenues in USD as higher commissions in APAC offset difficult trading conditions in Latin America Lower equity underwriting revenues compared to higher level of industry activity in 2Q14Compared to 1Q15Equity franchise revenues increased 5% in USD reflecting higher prime services results and increased underwriting revenues due to improved share across products and regions  Asia Pacific drives equity franchise results  July 23, 2015 

 *  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  Underwriting and advisory rebound across products and regions  1,028  650  1,960  1,624  Underwriting & Advisory - Strategic revenues USD mn  974  Underwriting & Advisory – StrategicRevenues in CHF mn  Equity underwriting  Advisory  Debt underwriting  Compared to 2Q14Advisory revenues increased 22% in USD driven by higher feesLower equity underwriting revenues as share gains, particularly in our follow-on business in APAC, are offset by reduced IPO activityLower debt underwriting revenues reflecting slowdown in leveraged finance industry activityCompared to 1Q15Rebound in advisory revenues, up 60% in USD; substantial increase in announced share and advanced to #5 global rank1 reflecting positive franchise momentumEquity underwriting revenue increased 59% in USD driven by improved share across products and regionsDebt underwriting revenues improved 42% in USD, reflecting strong leveraged loans performance in the Americas partially offset by weakness in EMEA  July 23, 2015 

 Fixed income sales & trading and underwriting – StrategicRevenues in CHF mn  Note: Underwriting revenues are also included in the total fixed income franchise view  2,202  2,184  1,992  4,505  4,175  Fixed income sales & trading and underwriting - Strategic revenues USD mn  Compared to 2Q14Fixed income franchise revenue declined 10% in USD as weaker June market conditions resulted in a risk averse operating environmentContinued momentum in securitized products performance driven by growth in high quality, fee-based asset finance revenuesSignificant increase in macro revenues, from low levels, due to improved client activity across both rates and FXLower credit revenues largely due to slowdown in US leveraged finance underwriting and trading activity vs. strong 2Q14 performance and lower results in EMEAEmerging markets revenues declined as higher results in EMEA trading were offset by weaker performance in Latin America and APACCompared to 1Q15Fixed income franchise revenue declined 9% in USD as improvement in debt underwriting performance was offset by seasonally lower trading activity  Debt underwriting  Fixed income sales and trading  *  Fixed income results reflect lower credit and emerging markets revenues   July 23, 2015 

 Continued progress in winding down our Non-Strategic portfolio  4Q13  Year-end 2015 target  (33%)  Basel 3 RWA in USD bn   4Q14  Business impact& other1  (40%)  Leverage Exposure in USD bn  4Q13Reported  Year-end 2015 target  2Q15  4Q14BIS  2Q15BIS  1Q15  Business impact& other1  1Q15 BIS  (57%)  (55%)  *  Note: Risk-weighted asset and leverage exposure goals are measured on constant FX basis and are subject to change based on future FX movements. Rounding differences may occur with externally published spreadsheets1 Includes business impact, internally driven methodology and policy impact and FX movements2 Includes provisions for credit losses  July 23, 2015  Non-Strategic unit in CHF mn  2Q15  1Q15  2Q14    6M15  6M14    Net revenues  (168)  (43)  (38)    (211)  (162)     o/w Legacy Funding   (21)  (33)  (46)    (54)  (81)     o/w Other Funding   (34)  (52)  (45)    (86)  (97)    Total expenses2  127  127   252     254  429      o/w Litigation-related  30  35  157    65  223    Pre-tax income / (loss)  (295)  (170)  (290)    (465)  (591)    Compared to 1Q15Higher pre-tax income loss compared to 1Q15:1Q15 benefited from significant portfolio valuation gains which offset trading losses2Q15 was negatively impacted by higher portfolio and other valuation adjustments with minimal offset from valuation gainsOverall Non-Strategic exit costs of ~1% of RWA since the formation of the Non-Strategic unit, compared to estimated exit costs of 2-3%Continued 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 9%, to USD 9 bn and reduced leverage exposure by USD 9 bn, or 17%, to USD 40 bn 

 Estimated leverage exposure progression to end 2015  July 23, 2015  *  Investment Banking Leverage Exposure in USD bn  (8%-11%)  1 Excludes reductions in Non-Strategic  Delivered USD 81 bn in reductions from 4Q14, including USD 22 bn from 1Q15, 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-2Q15BIS  Clearing & compression initiatives1  Client optimization  Target USD 55-75 bn in leverage exposure reductions by end 2015  Strategic  Non-Strategic  2Q15 IB Leverage Exposure  USD 81 bn reduction from 4Q14 

 *  July 23, 2015  Consistent return on regulatory capital from Strategic businesses   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 2Q14 and 6M14; in 1Q15, 2Q15 and 6M15, the calculation is based on an average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure 2 Includes impact of Non-Strategic funding charges, other revenue losses, operating expenses and capital 3 Leverage exposure reflects BIS for 2Q15, 1Q15, and 6M15 and Swiss leverage exposure for 2Q14 and 6M14  Compared to 6M14Consistent 6M15 Strategic return on regulatory capital of 17% on capital allocated at 3% of average leverage exposure Significantly improved capital efficiency vs. 6M14; reduced total leverage exposure by USD 178 bn and total RWA by USD 14 bnReduced Non-Strategic drag on return on regulatory capital from 7ppt in 6M14 to 5ppt in 6M15  Strategic6M14  Revenue impact  Cost impact  Capitalreduction  StrategicIB6M15  Non-Strategicunit2  TotalIB6M15  Total IB6M14Reported  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   11%  17%  in USD bn  6M14    6M15  Total Basel 3 RWA  181    167  Total Leverage exposure3   853    675                  (14)  (178) 

 Update on costs and capital  July 23, 2015  * 

 *  6M15Achieved  Further net savings targetedby end 2015  Cost reduction program1 CHF bn  1 Savings related to original 2011 cost savings target measured at constant FX rates against 6M11 annualized total expenses, excl. realignment and other significant expense items and variable compensation expenses. All data for Core Results including expense savings from discontinued operations from 2012 to 2014  Cost savings of CHF 3.5 bn1 achieved since the beginning of our expense reduction program in 2011Cost saving programs in Private Banking & Wealth Management and infrastructure currently on track to meet targetInvestment Banking direct costs reflect higher indirect tax expense and increased revenue-related expenses due to higher equity trading volumesContinue to work towards delivering further savings over the balance of 2015 and to reach ~CHF 4.0 bn by the end of the year  Comments  Private Banking & Wealth Management  Infrastructure  Investment Banking  3.5  2.0  ~4.0  July 23, 2015  FY 2014Achieved  FY 2013Achieved  FY 2012Achieved  3.5  3.1  Update on cost program 

 July 23, 2015  Continued 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%  2.7%  3.7%  4.3%  Reported 4Q145  ~3.0%  ~4.0%  ~4.5%  Good progress on leverage reduction during the quarter, approaching end 2015 target of CHF 940 – 960 bn3 IB: Reduced leverage exposure by USD 81 bn since end 2014 across Strategic and Non-Strategic businesses, with limited impact on revenuesPB&WM: Leverage increase of CHF 10 bn since end 2014End-2Q15 leverage exposure includes an additional HQLA4 balance of CHF 17 bn from end-4Q14 for meeting Liquidity Coverage Ratio regulatory requirementOn track towards “look-through” Tier-1 leverage ratio target of 4% and “look-through” CET1 leverage ratio target of 3%  Reported 2Q15  End 2015Based on BIStarget  2Q15 Leverage exposure  Group leverage exposure (“look-through”; end period, CHF bn)  1,062  (79)IB  Exposure Add-ons1  (60)FX impact  End 2015target @ current FX3  940 – 960  Reported 2Q15  + 30PBWM  *  1,150  Estimated4Q14 BIS equivalent2  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 are 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 here  1 Off-balance sheet exposures and regulatory adjustments 2 In 1Q15, estimated 4Q14 BIS leverage exposure has been adjusted when compared to the estimates provided at 4Q14 to reflect post implementation methodology, process and data improvements 3 Target based on end-2Q15 FX rates of USD/CHF: 0.93 and EUR/CHF: 1.044 HQLA = High-Quality Liquid Assets 5 Leverage ratio based on total Swiss “look-through” average leverage exposure of CHF 1,213 bn in 4Q14   Balance sheet assets(US GAAP)  + 21Corp. Center  

 July 23, 2015  Group Basel 3 "look-through" risk-weighted assets (CHF bn)  2Q15 Basel 3 risk-weighted assets   4Q14  Note: Rounding differences may occur with externally published spreadsheets1 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 reduction of CHF 7 bn since end 2014 driven by favorable FX movements of CHF 12 bn and business reductions of CHF 3 bn, offset by an increase of CHF 8 bn due to methodology & policy changesAnticipate 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-offCET1 ratio over 2015-2017 expected to increase due to retention of equity to meet potential higher Swiss leverage requirementsEnd 2Q15 CET1 capital of CHF 28.5 bn reflects:Net income offset primarily by share settlement for employee plans and FX moves due to the depreciation of the USD vs. the Swiss francDividend has been accrued consistent with 2014 and includes an assumed 60% optional scrip alternative based on actual 2014 election ratio  CET1 ratio (“look-through”, %)CET1 capital (“look-through, CHF bn)  10.1%  10.3%  4Q14  2Q15  2Q15 “look-through” CET1 ratio increased to 10.3% Expecting continued regulatory headwinds on RWA in 2H15 and beyond  *  (3)Business impact & other  PB&WM1  Investment Banking  (12)FXimpact  +8Methodology & policy2  2Q15 

 Summary  July 23, 2015  * 

 Supplemental slides   SlideGroup and divisional capital and return profile 30Key performance indicators 31Capital ratios progression 32Leverage ratios progression 33Non-Strategic capital update 34Non-Strategic run-off profile 35Net margin YoY and QoQ progression 36Private Banking & Wealth Management return on regulatory capital and leverage exposure profile 37Swisscard deconsolidation impact 38Strategic Investment Banking return profile 39Total Investment Banking results in USD 40Strategic Investment Banking results in USD 41Investment Banking Strategic Basel 3 RWA 42Annualized expense savings through 2Q15 43Currency mix (Group, PB&WM, IB, capital metrics) 44 - 47Collaboration revenues 48Shareholders’ equity and “look-through” CET1 capital breakdown 49Reconciliation of return on equity, return on tangible equity and return on regulatory capital 50  July 23, 2015  * 

 July 23, 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 2011, 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  Healthy returns demonstrate effectiveness of repositioned capital-efficient business model  1,020  Leverage exposure  Basel 3 RWA  *  Group and divisional capital and return profile 

 *  1 KPIs measured on the basis of reported results; all data for Core Results 2 Excluding FVoD of CHF 228 mn, 2Q15 reported return on equity is 8% and reported cost/income is 78%3 Excluding FVoD of CHF 372 mn, 6M15 reported return on equity is 8% and reported cost/income is 78%  Key Performance Indicators  July 23, 2015  *  Key Performance Indicators (KPIs)1  Cost/income ratio< 70%  Return on equity> 15%  Group  Private Banking & Wealth Management  Investment Banking  2Q15  Cost/income ratio < 70%  Cost/income ratio < 65%  NNA growth (WMC)3-4% through 20156% long-term  4%  4%  67%  73%  14%  10%3  76%3  70%  78%  74%  4%  10%2  76%2  69%  82%  6M15  4%  67%  72%  13%  72%  Strategic  2Q15  6M15  Reported 

 July 23, 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  4.3%   9.6%  Current Credit Suisse requirements by 1.1.19  13.4%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 8.9 bn and CHF 8.8 bn as of 1Q15 and 2Q15, respectively, and issued low-trigger capital instruments of CHF 9.2 bn and CHF 8.7 bn as of 1Q15 and 2Q15, 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%  13.0%3  16.2%2  4.2%   Capital ratios progression  * 

 in CHF bn  4Q14 Lev. ratio1  1Q15capital   1Q15Lev. ratio1  2Q15capital  2Q15Lev. Ratio1    CET1 Leverage ratio    28.3    28.5      Add: Tier 1 high-trigger capital instruments    6.2    6.2      Add: Tier 1 low-trigger capital instruments    5.1    4.8      BIS Tier 1 Leverage ratio    39.6    39.5      Deduct: Tier 1 low-trigger capital instruments    (5.1)    (4.8)      Add: Tier 2 high-trigger capital instrument    2.7    2.6      SNB Loss Absorbing Lev. Ratio    37.1    37.3      Add: Tier 1 low-trigger capital instruments    5.1    4.8      Add: Tier 2 low-trigger capital instruments    4.1    3.9      BIS Total Capital Leverage ratio    46.3    45.9      Add: Swiss regulatory adjustments    (0.1)    (0.1)      Swiss Total Capital Leverage ratio    46.2    45.8      Rounding differences may occur1 Leverage ratios based on total Swiss “look-through” average leverage exposure of CHF 1,213 bn in 4Q14 and based on end-period BIS leverage exposure of CHF 1,103 bn in 1Q15 and CHF 1,062 bn in 2Q15 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%  3.6%  3.7%  3.4%  3.5%  “Look-through” Swiss Total Capital leverage ratio of 4.3% reached 2019 requirement“Look-through” CET1 and BIS Tier 1 Leverage ratio improved to 2.7% and 3.7%, respectivelyCommitted to “look-through” Swiss Total Capital Leverage ratio target of ~4.5% by end 2015, and a “look-through” BIS Tier 1 Leverage ratio target of ~4.0%, of which the CET1 component is ~3%  Leverage calculation “Look-through”   4.2%  4.3%  4.1%2  Expected 2019 Swiss Total Capital Leverage ratio requirement:  4.3%  4.2%  July 23, 2015  2.6%  2.7%  *  3.3%  3.1%  3.9%  3.9%  2.4%  Leverage ratios progression 

 Non-Strategic capital update  July 23, 2015  4Q13  Year-end 2015 target  1Q15  (38%)  Leverage Exposure1 in CHF bn  100  52  26  Note: For Investment Banking’s year-end 2015 target, period end 3Q13 spot CHF/USD of 0.90 was used when the CHF target was fixed. Rounding differences may occur with externally published spreadsheetsLeverage exposure reflects BIS for 1Q15 and 2Q15  Continued progress in deleveraging, with a CHF 58 bn reduction compared to 4Q13; targeting a further 38% reduction by end 2015  Continued progress in RWA reductions with a 54% reduction since 4Q13; targeting a further 23% reduction by end 2015  2Q15  4Q13  Year-end 2015 target  1Q15  2Q15  42  21  10  6  Investment Banking Basel 3 RWA USD bn  9  88  49  24  40  Investment Banking leverage exposure USD bn  Private Banking & Wealth Management  Investment Banking1  1 Investment Banking Non-Strategic RWA and leverage exposure restated for prior quarters for commodities trading exit2 Reflects major external methodology changes only 3 Includes 2014 adverse model change  *  24  28  (23%)  14  10  13  Basel 3 RWA1 in CHF bn  Private Banking & Wealth Management  Investment Banking1  1Q14 RWA methodology change impact2 (IB, PB&WM)  3 

 July 23, 2015  Non-Strategic run-off profile  *  Note: The ultimate cost of the relevant legal proceedings in the aggregate over time may significantly exceed current litigation provisions1 Includes CHF 21 mn of legacy funding costs in Corporate Center in 2Q15  Investment Banking  Legacy funding cost reduction on track; step down by ~50% from CHF 439 mn in 20131 and expected remain relatively stable until full run-off at the end 2018  Corporate Center  Impact driven by volatility in own credit spreads, as well as the size of the portfolio carried at fair valueRealignment costs and IT architecture simplification expected to continue through remainder of cost reduction programIncludes real estate gains  ~CHF 210 mn predominately relates to FID NSU, which will be targeted for accelerated wind down  1  Private Banking & Wealth Mgmt.  Includes small restructuring costs  Corp. CenterPB&WMIB  Includes CHF 88 mn of certain legacy litigation provisions & fees; continue to work towards resolution of legacy litigation matters  2Q15 Non-Strategic Pre-tax income in CHF mn 

 *  Increased averageAuM & change in client mix  (1)  Higher expenses  (4)  31  Measured at stable AuM1  Netinterest income  +6  Wealth Management Clients YoY development in basis points  2Q14  28  3 bp  1 Includes some impact also from client mix change AuM = Assets under management  2Q15  Higher averageAuM  (1)  Higher expenses  (3)  31  Measured at stable AuM1  Netinterest income  +4  Wealth Management Clients QoQ development in basis points  1Q15  30  1 bp  2Q15  Non-interest revenues  +2  Non-interest revenues  +1  WMC net margin YoY and QoQ progression  July 23, 2015 

 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%  2Q14  2Q15  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%  2Q14  2Q15  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%  2Q14  2Q15  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%  2Q14  2Q15  +2 ppt  +2 ppt  +2 ppt  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 2Q14; in 2Q15, 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  Mostly loan growth  Mostly due to changing to BIS leverage definition(CLO consolidation)  July 23, 2015  * 

 Deconsolidation of card issuing business as of July 1, 2015Deconsolidation will reduce pre-tax income in WMC with no impact on Group net income  Net revenues 8,286 (305) 7,981 4,308 (143) 4,166Provision for credit losses 60 (5) 55 24 - 24Total operating expenses 5,966 (232) 5,734 2,979 (120) 2,859Income before taxes 2,260 (68) 2,192 1,305 (23) 1,282Income from continuing ops. 3,627 (68) 3,559 3,167 (23) 3,144Income taxes 1,405 (12) 1,393 1,067 (4) 1,063Income from discontinued ops. 102 - 102 - - -Net income 2,324 (56) 2,268 2,100 (19) 2,081Minority interest 449 (56) 393 (5) (19) (24)NI att. to shareholders 1,875 - 1,875 2,105 - 2,105   Reported  Impact2  Pro forma  2014  Reported  Impact2  Pro forma  6M15  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 WMCWith the deconsolidation and the transfer of the credit and charge card issuing business to the equity method investment, WMC pre-tax income will reduce by CHF 68 mn on a 2014 pro-forma basis or CHF 23 mn on a 6M15 pro-forma basisBased on 6M15 pro forma numbers, the full year gross margin and net margin impact is 3 bps and 1 bp, respectivelyThe reduction in revenues in WMC will mainly impact recurring revenuesThe reduction in pre-tax income in the division will be offset by the reduction in minority interest from the deconsolidation at the Group level, therefore there will be 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 and the Group 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, we will not be adjusting or restating our historical results in this respect.  These illustrative figures cannot be seen as being indicative of future trends or results. 1 This change will be recorded as a non-adjusting subsequent event in the 2Q15 Credit Suisse Group financial report to be published on or about July 31, 2015 2 Proforma impact of the issuing business deconsolidation.   *  July 23, 2015  Proforma impact on WMC in CHF mn  Proforma impact on CS Group in CHF mn  Reported  Impact2  Pro forma  2014  Reported  Impact2  Pro forma  6M15 

 Bubble size reflects relative capital usage at end of 2Q15   Strategic Investment Banking return profile  *  July 23, 2015  % of 2Q15 IB capital base1  Improved US market conditions and healthy pipeline to drive returns and profitability  13% (vs. 14% in 1Q15)  10% (vs. 9% in 1Q15)  77%(vs. 77% in 1Q15)  Rolling four quarters return on regulatory capital3  High  Credit Suisse market share position  Low  Majority of capital allocated to market leading businesses Strong returns in market leading businesses reflecting continued market share momentum   Optimize risk and capital utilization across the franchise  1 Percent of capital base (based on internal reporting structure) reflects hybrid capital which is defined as average of 10% of average Basel 3 risk-weighted assets and of 2.4% of average leverage exposure from 2Q14 to 4Q14 and average of 10% of average Basel 3 risk-weighted assets and of 3% of average leverage exposure from 1Q15 forward 2 Global Macro Products includes Rates and FX franchises 3 Presentation based on internal reporting structure  Investment Banking  Equities  Fixed income  Return on regulatory capital improved vs. 2Q15 rolling four quarter return  Return on regulatory capital declined vs.2Q15 rolling four quarter return  High   * No indicator reflects stable return on regulatory capital vs. 2Q15 rolling four quarter return  Strategic businesses (market share position vs. return on regulatory capital)  Differentiated cross-asset macro platform to improve returns 

 Total Investment Banking results in USD  Note: Rounding differences may occur with externally published spreadsheets 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 2Q14 and 6M14; in 1Q15, 2Q15 and 6M15, 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  2Q15  1Q15  2Q14    2Q15 vs. 1Q15  2Q15 vs.2Q14    6M15  6M14    6M15 vs. 6M14  Net revenues   3,602  3,785  3,766    (5%)  (4%)    7,387  7,600    (3%)   Debt underwriting  498   351   544     42%   (9%)    848   1,070     (21%)   Equity underwriting  255   161   302     59%   (16%)    416   508     (18%)   Advisory and other fees  221   138   181     60%   22%     359   383     (6%)   Fixed income sales & trading  1,324   1,774   1,610     (25%)  (18%)    3,098   3,279     (6%)   Equity sales & trading  1,409   1,453   1,279     (3%)  10%     2,862   2,629     9%    Other  (105)  (92)  (151)    15%   (30%)    (197)  (268)    (26%)  Provision for credit losses  8  1  (6)    nm  nm    8  (6)    nm   Compensation and benefits  1,646  1,639  1,690    0%   (3%)    3,285  3,398    (3%)   Other operating expenses  1,295  1,145  1,235    13%   5%     2,440  2,436    0%   Total operating expenses  2,941  2,784  2,925    6%   1%     5,725  5,834    (2%)  Pre-tax income  653  1,000  847     (35%)  (23%)    1,654  1,772    (7%)  Cost / income ratio  82%  74%  78%    --  --    77%  77%    --  Return on capital1  10%  15%  12%    --  --    12%  13%    --  *  July 23, 2015 

 Strategic Investment Banking results in USD  in USD mn  2Q15  1Q15  2Q14    2Q15 vs. 1Q15  2Q15 vs.2Q14    6M15  6M14    6M15 vs. 6M14  Net revenues   3,782  3,829  3,809    (1%)  (1%)    7,610  7,783    (2%)   Debt underwriting  498   351   544     42%   (9%)    848   1,070     (21%)   Fixed income sales & trading  1,494   1,833   1,658     (18%)  (10%)    3,327   3,436     (3%)  Fixed income franchise  1,992   2,183   2,202     (9%)  (10%)    4,175   4,505     (7%)   Equity underwriting  255   161   302     59%   (16%)    416   508     (18%)   Equity sales & trading  1,407   1,419   1,261     (1%)  12%     2,826   2,618     8%   Equities franchise  1,662   1,579   1,564     5%   6%     3,242   3,125     4%    Advisory and other fees  221   138   181     60%   22%     359   383     (6%)   Other  (94)  (72)  (137)    30%   (32%)    (166)  (231)    (28%)  Provision for credit losses  8  1  (6)    nm   nm    8  (6)    nm   Compensation and benefits  1,606  1,599  1,651    0%   (3%)    3,205  3,313    (3%)   Other operating expenses  1,199  1,051  990    14%   21%     2,250  2,037    10%   Total operating expenses  2,806  2,650  2,641    6%   6%     5,455  5,350    2%   Pre-tax income  968  1,179  1,174    (18%)  (18%)    2,147  2,438    (12%)  Cost / income ratio  74%  69%  69%    7%   7%     72%  69%    --  Return on capital1  16%  19%  19%    --  --    17%  20%    --  Note: Rounding differences may occur with externally published spreadsheets 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 2Q14 and 6M14; in 1Q15, 2Q15 and 6M15, the calculation is based on an average of 10% of average Basel 3 risk-weighted assets and 3.0% of average leverage exposure  *  July 23, 2015 

 *  2Q15 Investment Banking Basel 3 RWA  July 23, 2015  RWA  18  27  18  18  10  91  RWA  5  RWA  22  RWA    2    RWA  9  14  13  2  38  Basel 3 risk-weighted assets in USD bn  Note: Rounding differences may occur with externally published spreadsheets1 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    9    Non-Strategic  Non-Strategic 

 Annualized expense savings through 2Q15  *  All data for Core Results. All expense reductions are measured at constant FX rates against 6M11 annualized total expenses, excluding realignment and other significant expense items and variable compensation expenses. Rounding differences may occur from externally published spreadsheets1 Related to existing population 2 Includes CC realignment costs and realignment Non-Strategic unit measures, architecture simplification, business simplification and extended innovation costs 3 Includes variable compensation related savings on reduction of force and fixed allowance  6M11 adjusted  Group expense reduction achieved in CHF bn  6M15reported  6M15adjustments  20.5  annualized  10.2  6M15adjusted  Savings ofCHF 3.5 bn  Adjustments from 6M11 reported:Variable compensation (1,034)Realignment costs (CC) (142)Other (across divisions) 49Total (1,127)Annualized (x2) (2,254)  Adjustments from 6M15 reported:Variable compensation1 (1,930)Certain litigation items (267)Realignment / AS2 (669)RRP (469)Other3 (705)FX impact 3606M15 Total (3,680)  July 23, 2015 

 *  Currency mix of 6M15 Group Results  July 23, 2015  Credit Suisse Core Results  1 Total operating expenses and provisions for credit losses  Applying a +/-10% movement on the average FX rates for 6M15, the sensitivities are as follows:USD/CHF impact on 6M15 pre-tax income by CHF (291) mnEUR/CHF impact on 6M15 pre-tax income by CHF (142) mn  Sensitivity analysis based weighted average exchange rates of USD/CHF of 0.95 and EUR/CHF of 1.04 for the first half results  Applying the June month-end exchange rates for USD/CHF of 0.93 and EUR/CHF of 1.04 in lieu of the average FX rates for 6M15, the sensitivities are as follows:USD/CHF impact on 6M15 pre-tax income by CHF (41) mnEUR/CHF impact on 6M15 pre-tax income by CHF (1) mn  FX Sensitivity analysis  CHF mn 6M15 CHF USD EUR GBP Other  Net revenues 13,614 19% 53% 14% 3% 11%Total expenses1 10,430 29% 42% 5% 12% 13% 

 *  July 23, 2015  Currency mix of 6M15 PB&WM Results  Applying a +/-10% movement on the average FX rates for 6M15, the sensitivities are as follows:USD/CHF impact on 6M15 pre-tax income by CHF (121) mnEUR/CHF impact on 6M15 pre-tax income by CHF (56) mn  Applying the June month-end exchange rates for USD/CHF of 0.93 and EUR/CHF of 1.04 in lieu of the average FX rates for 6M15, the sensitivities are as follows:USD/CHF impact on 6M15 pre-tax income by CHF (13) mnEUR/CHF impact on 6M15 pre-tax income by CHF (2) mn  Sensitivity analysis based weighted average exchange rates of USD/CHF of 0.94 and EUR/CHF of 1.04 for the first half results  FX Sensitivity analysis  1 Total operating expenses and provisions for credit losses  Private Banking & Wealth Management  CHF mn 6M15 CHF USD EUR GBP Other  Net revenues 6,124 40% 36% 14% 2% 9%Total expenses1 4,353 53% 22% 7% 6% 12% 

 *  Currency mix of 6M15 IB Results  July 23, 2015  Applying a +/-10% movement on the average FX rates for 6M15, the sensitivities are as follows:USD/CHF impact on 6M15 pre-tax income by CHF (140) mnEUR/CHF impact on 6M15 pre-tax income by CHF (81) mn  Applying the June month-end exchange rates for USD/CHF of 0.93 and EUR/CHF of 1.04 in lieu of the average FX rates for 6M15, the sensitivities are as follows:USD/CHF impact on 6M15 pre-tax income by CHF (28) mnEUR/CHF impact on 6M15 pre-tax income by CHF 0 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 1.04 for the first half results  FX Sensitivity analysis  Investment Banking  CHF mn 6M15 CHF USD EUR GBP Other  Net revenues 6,964 0% 68% 14% 5% 13%Total expenses1 5,404 2% 61% 3% 18% 15% 

 Note: Data based on June 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 -2.4bps impact on the “look-through” BIS CET1 ratioA 10% weakening of the CHF against all currencies2 would have a -2.5bps impact on the Tier 1 Capital Leverage ratio  CET 1 Capital1 - BIS  Basel 3 RWA  Tier 1 Capital - BIS  Swiss Leverage Exposure   Currency mix of Group capital metrics  *  July 23, 2015 

 Collaboration revenues  Stable Collaboration Revenues compared to both 2Q14 and 1Q15Continued 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  July 23, 2015  * 

 Shareholders’ equity and “look-through” CET1 capital breakdown  July 23, 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 2Q15  2Q15 Shareholders’ equity breakdown in CHF bn  Tangible equity and misc. (not B3 effective)  Goodwill and Intangibles1  IB Strategic2  PB&WM Strategic2  IB Non-Strategic2  42.6  42.6  “Look-through”Common EquityTier 1 Capital  Total regulatorydeductions and adjustments  2Q15 Shareholders’ equity in CHF bn  PB&WM Non-Strategic2    2Q15  Shareholders’ equity  42,642  Regulatory deductions (includes accrued dividend, treasury share reversal, scope of consolidation)  (64)  Adjustments subject to phase-in  (14,096)  Non-threshold-based  (12,755)   Goodwill & Intangibles (net of Deferred Tax Liability)  (8,263)   Deferred tax assets that rely on future profitability (excl. temporary differences)  (2,487)   Defined benefit pension assets (net of Deferred Tax Liability)  (852)   Advanced internal ratings-based provision shortfall  (524)   Own Credit (Bonds, Struct. Notes, PAF, CCA, OTC Derivatives)  (565)   Own shares and cash flow hedges   (64)  Threshold-based  (1,341)   Deferred Tax Asset on timing differences  (1,341)  Total regulatory deductions and adjustments  (14,160)  “Look-through” Common Equity Tier 1 capital  28,482  Reconciliation of shareholders’ equity to “look-through” CET1 capital in CHF mn  Corporate Center2  * 

 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 372 million 2 For Investment Banking, capital allocation and return calculations are based on US dollar denominated numbers  July 23, 2015  * 

 July 23, 2015