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Credit Suisse Group Quarterly Results 2006/Q1

Disclaimer forward- Cautionary statement regarding forward-looking information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements 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 quot;Risk Factorsquot; in our Annual Report on Form 20-F for the fiscal year ended December 31, 2005 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 laws. Slide 2

Credit Suisse Group financial highlights Change Change in % from in % from 1Q06 4Q05 1Q05 In CHF m, except where indicated Pre- Pre-tax income 1) 3,506 206% 37% Net income 2,604 136% 36% 2.31 Basic earnings per share in CHF 136% 41% 1Q06 4Q05 1Q05 Return on equity - Group 24.4% 11.2% 20.6% Return on equity - Banking 27.4% 10.8% 22.9% Return on equity - Insurance 15.0% 11.4% 12.0% Cost/income ratio - Banking 68.4% 78.9% 70.9% Net new assets in CHF bn 31.1 7.8 15.4 1) Excluding minority interest income relating to consolidated entities in which the Group does not have a significant economic interest in such income of CHF 1,275 m, CHF 272 m, CHF 539 m in 1Q06, 1Q05 and 4Q05, respectively Slide 3

Positive earning trends in all segments Pre-tax income CHF m 1,564 1Q05 1Q06 1,308 974 932 505 68% 34% 418 234 208 21% 13% Investment Banking Private Banking Asset Management Winterthur Slide 4

Investment Banking benefited from a high level of client activity in a favorable market environment Highlights first quarter 2006 S Net revenues and pre-tax income at record levels, reflecting strong performance in all key business areas S Continued progress in delivering a focused franchise S Reduced compensation/revenue ratio in line with commitment to reduce cost ratios over time S Pre-tax income margin of 27.2% and return on average ERC of 42.0% S Named “Best Investment Bank in Latin America” by Latin Finance Slide 5

Fixed income trading delivered record revenues Fixed income trading revenues Comments on 1Q06 CHF m S Generally favorable markets, with 2,767 narrowing credit spreads and 31% substantially higher new issue activity 2,116 77% S Strong results in leveraged finance, 1,969 Latin America and global foreign 1,566 exchange positioning 1,353 S Offset in part by lower results in other emerging markets, ABS and CMBS 1Q05 2Q05 3Q05 4Q05 1Q06 Slide 6

Equity trading reflected higher revenues across all major business areas amid strong markets Equity trading revenues Comments on 1Q06 CHF m S Customer flow businesses in cash 2,077 and convertibles performed well across all regions 95% S Derivatives benefited from increased 103% 1,341 deal flow and good trading results S Prime services continued to perform 1,066 1,021 912 well with increased revenues – Solidified its top tier position in prime brokerage according to the Global Custodian Prime Brokerage survey 1Q05 2Q05 3Q05 4Q05 1Q06 Slide 7

Advisory taking steps to improve market share and revenues Advisory and other fees Comments on 1Q06 CHF m S Improved revenues vs. 1Q05 but 448 433 revenues down vs. 4Q05 due to (26)% lower industry-wide transactions 369 and lower market share 333 S Strengthening business with critical 48% hires in key industries and regions 225 1Q05 2Q05 3Q05 4Q05 1Q06 Slide 8

Significant increases in underwriting fees Underwriting revenues in CHF m Comments on 1Q06 S Equity underwriting up vs. 1Q05 due to Equity underwriting 343 higher industry-wide activity and 263 249 186 improved market share 79% 139 S Equity underwriting down vs. 4Q05 due (27)% to lower global industry-wide issuances S Market share position #3 in global IPOs Debt underwriting S Debt underwriting up due to strength in 456 411 408 394 leveraged finance, ABS and investment 68% grade capital markets 271 S Strong leveraged finance franchise with 16% continued shift to syndicated loan market S Market share position #3 in high-yield as market recovered from recent lows 1Q05 2Q05 3Q05 4Q05 1Q06 Slide 9

Reduced compensation/revenue ratio in line with commitment to reduce costs ratios over time Operating expenses CHF m Compensation and benefits 4,248 3,976 S Compensation increased 3,502 3,462 with higher revenues 3,081 S Compensation/revenue ratio two percentage points below the full-year 2005 level Other expenses S Up 23% vs. 1Q05 reflecting higher professional fees and branding implementation costs 1Q05 2Q05 3Q05 4Q05 1Q06 S Down 12% vs. 4Q05 due to 2005 1Q06 lower professional fees and Compensation/revenue ratio in % 55.5 53.5 expense provisions 90.2 / 84.0 1) Cost/income ratio in % 73.8 10.3 / 16.5 1) 1) Excludes CHF 960 m charge in 2Q05 to increase Pre-tax income margin in % 27.2 the reserve for certain private litigation matters Slide 10

Private Banking capitalized on strong client activity and market momentum Highlights first quarter 2006 S Strong top-line growth driven by commission revenues S Wealth Management registered higher assets under management, net new assets, brokerage and product issuing volumes S Corporate & Retail Banking continued to achieve strong pre-tax income Slide 11

Private Banking with excellent results reflecting significant growth in commissions and fees Pre-tax income Comments CHF m S 1Q06 performance a result of strong 1,308 34% client activity in a favorable market 1,037 1,026 environment 974 929 S Announced the merger of its independent private banks* to create 27% a single independently-managed bank named Clariden Leu – Annual synergy target of around CHF 100 m from 2008 1Q05 2Q05 3Q05 4Q05 1Q06 – Merger effective from January 2007 Pre- Pre-tax income margin in % 38.4 36.8 38.2 37.8 42.1 * Clariden Bank, BGP Banca di Gestione Patrimoniale, Bank Hofmann, Bank Leu and Credit Suisse Fides Slide 12

Wealth Management showed strong top-line growth Revenues and gross margin 125 130 bp 3.0 CHF bn 114 120 2.5 110 109 2.2 Gross margin on 117 110 assets under 1.9 2.0 1.9 1.7 1.7 management in bp 100 (right-hand scale) 1.5 90 Net revenues 1.0 31% 80 in CHF bn (left-hand scale) 0.5 70 19% 0.0 60 1Q05 2Q05 3Q05 4Q05 1Q06 2005 1Q06 Transaction-based margin 40 bp 52 bp Asset-based margin 73 bp 73 bp Slide 13

Wealth Management registered strong net new asset inflows Net new assets and growth Assets under management CHF bn Net new assets in CHF bn (left-hand scale) Net new asset growth in % 1) (right-hand scale) 31.12.2005 693.3 7.8 7.5 20 CHF bn 8 %1) 7.4 18 7 16.8 Net new 16 14.5 14.5 6 assets 5.3 5.1 14 5 12 11.1 5.8% Market and 10 4 8.1 25.9 FX related 8 6.8 3 movements 6 2 4 1 733.7 2 31.03.2006 0 0 1Q05 2Q05 3Q05 4Q05 1Q06 1) Rolling 4 quarter average Slide 14

Wealth Management expands pre-tax margin Operating expenses CHF m Compensation and benefits 1,264 S Higher performance-related 1,163 1,139 1,078 1,059 compensation accruals in line with strong quarterly results Other expenses S Investments in new Credit Suisse brand S Higher commission expenses 1Q05 2Q05 3Q05 4Q05 1Q06 Overall expenses S Investments in international Pre- Pre-tax income margin in % 37.7 35.2 38.7 37.6 43.2 expansion Slide 15

Corporate & Retail Banking achieves continued strong pre-tax income Pre-tax income Comments on 1Q06 CHF m S Strong revenue development of 4% 345 336 331 322 316 6% while operating expenses only increased by 4% compared to first quarter 2005 S Continued releases of provisions 7% for credit losses but at a lower level 1Q05 2Q05 3Q05 4Q05 1Q06 Pre- Pre-tax income margin in % 39.6 40.2 37.1 38.0 39.1 Pre- Pre-tax return on average ERC in % ERC 41.8 42.6 40.0 42.4 48.4 Slide 16

Asset Management shows good results while focusing on further strengthening its business model Highlights first quarter 2006 S Growing commission and fee income and strong private equity gains S Operating expenses increased due to commission expenses, business realignment and branding implementation costs S Several initiatives launched to turn around unprofitable businesses and reduce overall cost base S Growth strategy in Asia continues through Joint Venture with Woori Asset Management in South Korea Slide 17

Revenues have improved substantially and are well above the 2005 quarterly average Revenues CHF m Private Equity (PE) gains 782 756 757 S Sustained high contribution 648 614 208 206 from private equity gains 266 139 85 S 2005 levels considered to be at the high-end of PE cycle Net revenues before PE gains 529 516 509 549 550 S Adversely impacted by charges in relation to fair value adjustment on interest 1Q05 2Q05 3Q05 4Q05 1Q06 rate derivatives S Gross margin affected by 2005 1Q06 inclusion of more than Gross margin on CHF 40 bn in low margin assets under management in bp 54.5 49.8 money market funds in 4Q05 Slide 18

Asset Management operating expenses increased due to higher commissions and development costs Operating expenses CHF m Compensation and benefits 520 516 S Increase vs. 1Q05 in line 448 425 406 with revenue growth S Slight increase vs. 4Q05 which showed comparable revenues Other expenses S Up CHF 78 m vs. 1Q05 due to 1Q05 2Q05 3Q05 4Q05 1Q06 – commission expenses – development costs for the Pre- Pre-tax income margin in % realignment of the business 33.9 45.7 30.9 31.8 31.0 – marketing costs Slide 19

Good net new asset inflows, benefited from reinvestment of outflows recorded in the fourth quarter Net new assets and growth Assets under management CHF bn Net new assets in CHF bn (left-hand scale) Net new asset growth 1) in % (right-hand scale) 31.12.2005 589.4 20 CHF bn 10%1) 17.0 18 9 16 8 6.8 Net new 14 7 17.0 assets 11.4 12 6 3.7 4.2 10 5 5.1% Market and 8 4 2.7 FX related 13.2 6 3 5.1 movements 3.9 4 2 0.8 2 1 619.6 2) 31.03.2006 0 0 -2 -1 (0.8) 1Q05 2Q05 3Q05 4Q05 1Q06 1) Rolling 4 quarter average 2) Including assets managed on behalf of other banking segments Slide 20

Winterthur showed strong operating performance and business volume growth Highlights first quarter 2006 S Pre-tax income up 21% as a result of continued operating improvement S Return on equity at 15% S Shareholders’ equity decreased slightly to CHF 9.4 bn due to lower unrealized gains on investment securities S Year-end 2005 EU solvency ratio at 229% (vs. 192% at year-end 2004) Slide 21

Continued operating improvement S Reduction of expense ratio for Life & Pensions and of combined ratio for Non- Life showed technical improvement S Further optimizing business portfolio, while strengthening operating platforms S Announced sale of part of Swiss health business, restructuring administration functions and strengthening of sales force in Switzerland Pre-tax income CHF m 505 417 315 299 275 272 21% 10% 15% 1Q05 1Q06 1Q05 1Q05 1Q06 1Q06 Winterthur Non- Life & Pensions business Non-Life business Slide 22

Strong top-line growth S Life & Pensions: Strong growth in traditional and unit-linked business – Traditional premium volume growth driven by Group Life Switzerland – Unit-linked growth in UK, Asia and Central and Eastern Europe S Non-Life: Focus on profitable growth and selective underwriting – Growth in Switzerland and Spain offset by reduction in Germany Total business volume CHF bn 12.7 11.5 18% 8.2 6.9 Deposit business 39% 4.5 4.5 11% Gross 13% 0% premiums 1Q05 1Q05 1Q05 1Q06 1Q06 1Q06 Winterthur Life & Pensions business Non-Life business Non- Slide 23

Improved technical performance S Continued strict cost management and underwriting discipline S Generally favorable claims development S Lower realizations and lower current investment income 96.7% 5.8% 93.5% 5.3 4.8 27.6 4.2% Expense 27.9 Realized ratio gains/(losses) 69.1 65.6 Claims Net current ratio investment return 1Q05 1Q05 1Q05 1Q06 1Q06 1Q06 Expense ratio Combined ratio Investment return Life & Pensions business Non-Life business Non- Winterthur Slide 24

Credit Suisse Group’s capital position Risk-weighted assets Comments in CHF bn S Repurchased 7.9 m shares worth CHF 580 m during the quarter 248 240 238 S 233 Cancelled 34 m shares following the 215 approval at the shareholder meeting on April 28, 2006 S Risk-weighted assets increased, 7% reflecting commercial and private lending and securitization activities S Tier 1 capital increased slightly with 1Q05 2Q05 3Q05 4Q05 1Q06 the quarterly profit offset by the share BIS tier 1 ratio in % repurchase, dividend accruals and 12.1 10.9 11.1 11.3 10.8 certain unrealized gains not qualifying for capital adequacy purposes Slide 25

Credit Suisse Group’s key performance targets overview Mid- term Mid--term Mid- Mid 1Q06 targets targets Pre-tax income margin 27.2 % > 20 % Investment Banking Pre-tax return on average ERC 42.0 % > 25 % Pre-tax income margin 43.2 % > 40 % Private Wealth Net new asset annualized growth rate 8.4 % >6% Banking Management Corporate & Pre-tax income margin 39.1 % > 35 % Retail Banking Pre-tax return on average ERC 48.4 % > 35 % Asset Management Pre-tax income margin 31.0 % > 35 % BIS Tier 1 ratio 10.8 % ~ 10 % Credit Suisse Group Return on equity 24.4 % > 20 % consolidated Slide 26

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