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Monday, December 7 - 2009

Credit Suisse applies for licence at the Qatar Financial Centre

Credit Suisse is pleased to announce that it is among the first global financial institutions to apply for a licence to set up operations at the Qatar Financial Centre.

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The licence will enable Credit Suisse to open a subsidiary in Doha, Qatar, thus further expanding its footprint in the Middle East.

Credit Suisse filed an application for a financial services licence with the new Qatar Financial Centre in December 2005. Pending approval from the Qatar Financial Services Authority (QFCRA), Credit Suisse plans to establish a subsidiary in Doha during the first half of 2006. Through its new office Credit Suisse expects to provide high net worth individuals and institutional clients with a comprehensive range of products and services responding to the dynamic development and fast growing demand in Qatar.

Joachim H. Straehle, Head of Private Banking Asia/Middle East/Russia commented:

"Credit Suisse has had a long-standing relationship with Qatar. The opening of the new Qatar Financial Centre has provided us with a unique opportunity to set up onshore operations in this steadily growing market thus reinforcing our commitment to the entire Gulf Region."


The Qatar Financial Centre (QFC) is a financial and business centre established by the Government of Qatar and located in Doha. It provides infrastructure, premises and administrative services to international financial services institutions and major multi-national corporations and encourages participation in the growing market for financial services in Qatar and elsewhere in the region. The QFC will operate to international standards and provide a first class legal and business infrastructure for those doing business within the QFC. The QFC has been open for business since May 1, 2005.
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Notes and media contacts

Enquiries
Rawaj International, Dubai
Telephone +971 4 391 3560
Credit Suisse Group, Media Relations, Zurich
Telephone +41 844 33 88 44

Credit Suisse Group
Credit Suisse Group is a leading global financial services company headquartered in Zurich. It provides private clients and small and medium-sized companies with private banking and financial advisory services, and pension and insurance solutions from Winterthur. In the area of investment banking, it serves global institutional, corporate, government and individual clients in its role as a financial intermediary. Credit Suisse Group's registered shares (CSGN) are listed in Switzerland and in the form of American Depositary Shares (CSR) in New York. The Group employs around 62,000 staff worldwide. As of September 30, 2005, it reported assets under management of CHF 1,404.6 billion.

Cautionary Statement Regarding Forward-Looking Information
This press release contains statements that constitute forward-looking statements. In addition, in the future we, and others on our behalf, may make statements that constitute forward-looking statements. Such forward-looking statements may include, without limitation, statements relating to our plans, objectives or goals; our future economic performance or prospects; the potential effect on our future performance of certain contingencies; and assumptions underlying any such statements. Words such as "believes," "anticipates," "expects," "intends" and "plans" and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. We do not intend to update these forward-looking statements except as may be required by applicable laws. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include (i) market and interest rate fluctuations; (ii) the strength of the global economy in general and the strength of the economies of the countries in which we conduct our operations in particular; (iii) the ability of counterparties to meet their obligations to us; (iv) the effects of, and changes in, fiscal, monetary, trade and tax policies, and currency fluctuations; (v) political and social developments, including war, civil unrest or terrorist activity; (vi) the possibility of foreign exchange controls, expropriation, nationalization or confiscation of assets in countries in which we conduct our operations; (vii) the ability to maintain sufficient liquidity and access capital markets; (viii) operational factors such as systems failure, human error, or the failure to properly implement procedures; (ix) actions taken by regulators with respect to our business and practices in one or more of the countries in which we conduct our operations; (x) the effects of changes in laws, regulations or accounting policies or practices; (xi) competition in geographic and business areas in which we conduct our operations; (xii) the ability to retain and recruit qualified personnel; (xiii) the ability to maintain our reputation and promote our brands; (xiv) the ability to increase market share and control expenses; (xv) technological changes; (xvi) the timely development and acceptance of our new products and services and the perceived overall value of these products and services by users; (xvii) acquisitions, including the ability to integrate successfully acquired businesses; (xviii) the adverse resolution of litigation and other contingencies; and (xix) our success at managing the risks involved in the foregoing. We caution you that the foregoing list of important factors is not exclusive; when evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties and events, as well as the risks identified in our most recently filed Form 20-F and reports on Form 6-K furnished to the US Securities and Exchange Commission.

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