BRIEF-Credit Suisse And UBS To Merge

THIS * EXCHANGE RATIO REFLECTS A MERGER CONSIDERATION OF CHF 3 BILLION FOR ALL SHARES IN CREDIT SUISSE. * FINMA HAS DETERMINED THAT CREDIT SUISSE'S ADDITIONAL TIER 1 CAPITAL IN AGGREGATE NOMINAL AMOUNT OF APPROXIMATELY CHF 16 BILLION WILL BE WRITTEN OFF TO ZERO * ALL SHAREHOLDERS OF CREDIT SUISSE WILL RECEIVE 1 SHARE IN UBS FOR 22.48 SHARES IN CREDIT SUISSE AS MERGER CONSIDERATION.

Credit Suisse Group AG: * CREDIT SUISSE AND UBS TO MERGE

* ALL SHAREHOLDERS OF CREDIT SUISSE WILL RECEIVE 1 SHARE IN UBS FOR 22.48 SHARES IN CREDIT SUISSE AS MERGER CONSIDERATION. THIS * EXCHANGE RATIO REFLECTS A MERGER CONSIDERATION OF CHF 3 BILLION FOR ALL SHARES IN CREDIT SUISSE.

* FINMA HAS DETERMINED THAT CREDIT SUISSE'S ADDITIONAL TIER 1 CAPITAL IN AGGREGATE NOMINAL AMOUNT OF APPROXIMATELY CHF 16 BILLION WILL BE WRITTEN OFF TO ZERO * ALL SHAREHOLDERS OF CREDIT SUISSE WILL RECEIVE 1 SHARE IN UBS FOR 22.48 SHARES IN CREDIT SUISSE AS MERGER CONSIDERATION. THIS EXCHANGE RATIO REFLECTS A MERGER CONSIDERATION OF CHF 3 BILLION FOR ALL SHARES IN CREDIT SUISSE

* SWISS FEDERAL COUNCIL IS ISSUING AN EMERGENCY ORDINANCE (NOTVERORDNUNG) TAILORED TO THIS PARTICULAR TRANSACTION * MERGER WILL BE IMPLEMENTED WITHOUT OTHERWISE NECESSARY APPROVAL OF SHAREHOLDERS OF UBS AND CREDIT SUISSE TO ENHANCE DEAL CERTAINTY.

* BOTH PARTIES ARE CONFIDENT THAT ALL CONDITIONS CAN BE MET. MERGER IS EXPECTED TO BE CONSUMMATED BY END OF 2023 IF POSSIBLE * CREDIT SUISSE CONTINUES TO OPERATE IN ORDINARY COURSE OF BUSINESS AND IMPLEMENT ITS RESTRUCTURING MEASURES IN COLLABORATION WITH UBS Source text for Eikon: Further company coverage:

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