�۶���Ƶ

Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules

Zurich, 30 April 2025 – �۶���Ƶ Group AG today announced its first-quarter 2025 results.

The results were published on the �۶���Ƶ website at approximately 6:45 CEST today.
��

Cautionary Statement Regarding Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements,” including but not limited to management’s outlook for �۶���Ƶ’s financial performance, statements relating to the anticipated effect of transactions and strategic initiatives on �۶���Ƶ’s business and future development and goals or intentions to achieve climate, sustainability and other social objectives. While these forward-looking statements represent �۶���Ƶ’s judgments, expectations and objectives concerning the matters described, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from �۶���Ƶ’s expectations. In particular, the global economy may suffer significant adverse effects from increasing political tensions between world powers, changes to international trade policies, including those related to tariffs and trade barriers, and ongoing conflicts in the Middle East, as well as the continuing Russia–Ukraine war. �۶���Ƶ’s acquisition of the Credit Suisse Group has materially changed its outlook and strategic direction and introduced new operational challenges. The integration of the Credit Suisse entities into the �۶���Ƶ structure is expected to continue through 2026 and presents significant operational and execution risk, including the risks that �۶���Ƶ may be unable to achieve the cost reductions and business benefits contemplated by the transaction, that it may incur higher costs to execute the integration of Credit Suisse and that the acquired business may have greater risks or liabilities than expected. Following the failure of Credit Suisse, Switzerland is considering significant changes to its capital, resolution and regulatory regime, which, if proposed and adopted, may significantly increase our capital requirements or impose other costs on �۶���Ƶ. These factors create greater uncertainty about forward-looking statements. Other factors that may affect �۶���Ƶ’s performance and ability to achieve its plans, outlook and other objectives also include, but are not limited to: (i)��the degree to which �۶���Ƶ is successful in the execution of its strategic plans, including its cost reduction and efficiency initiatives and its ability to manage its levels of risk-weighted assets (RWA) and leverage ratio denominator (LRD), liquidity coverage ratio and other financial resources, including changes in RWA assets and liabilities arising from higher market volatility and the size of the combined Group; (ii)��the degree to which �۶���Ƶ is successful in implementing changes to its businesses to meet changing market, regulatory and other conditions; (iii)��inflation and interest rate volatility in major markets; (iv)��developments in the macroeconomic climate and in the markets in which �۶���Ƶ operates or to which it is exposed, including movements in securities prices or liquidity, credit spreads, currency exchange rates, residential and commercial real estate markets, general economic conditions, and changes to national trade policies on the financial position or creditworthiness of �۶���Ƶ’s clients and counterparties, as well as on client sentiment and levels of activity; (v)��changes in the availability of capital and funding, including any adverse changes in �۶���Ƶ’s credit spreads and credit ratings of �۶���Ƶ, as well as availability and cost of funding to meet requirements for debt eligible for total loss-absorbing capacity (TLAC); (vi)��changes in central bank policies or the implementation of financial legislation and regulation in Switzerland, the US, the UK, the EU and other financial centers that have imposed, or resulted in, or may do so in the future, more stringent or entity-specific capital, TLAC, leverage ratio, net stable funding ratio, liquidity and funding requirements, heightened operational resilience requirements, incremental tax requirements, additional levies, limitations on permitted activities, constraints on remuneration, constraints on transfers of capital and liquidity and sharing of operational costs across the Group or other measures, and the effect these will or would have on �۶���Ƶ’s business activities; (vii)���۶���Ƶ’s ability to successfully implement resolvability and related regulatory requirements and the potential need to make further changes to the legal structure or booking model of �۶���Ƶ in response to legal and regulatory requirements and any additional requirements due to its acquisition of the Credit Suisse Group, or other developments; (viii)���۶���Ƶ’s ability to maintain and improve its systems and controls for complying with sanctions in a timely manner and for the detection and prevention of money laundering to meet evolving regulatory requirements and expectations, in particular in the current geopolitical turmoil; (ix)��the uncertainty arising from domestic stresses in certain major economies; (x)��changes in �۶���Ƶ’s competitive position, including whether differences in regulatory capital and other requirements among the major financial centers adversely affect �۶���Ƶ’s ability to compete in certain lines of business; (xi)��changes in the standards of conduct applicable to its businesses that may result from new regulations or new enforcement of existing standards, including measures to impose new and enhanced duties when interacting with customers and in the execution and handling of customer transactions; (xii)��the liability to which �۶���Ƶ may be exposed, or possible constraints or sanctions that regulatory authorities might impose on �۶���Ƶ, due to litigation, contractual claims and regulatory investigations, including the potential for disqualification from certain businesses, potentially large fines or monetary penalties, or the loss of licenses or privileges as a result of regulatory or other governmental sanctions, as well as the effect that litigation, regulatory and similar matters have on the operational risk component of its RWA; (xiii)���۶���Ƶ’s ability to retain and attract the employees necessary to generate revenues and to manage, support and control its businesses, which may be affected by competitive factors; (xiv)��changes in accounting or tax standards or policies, and determinations or interpretations affecting the recognition of gain or loss, the valuation of goodwill, the recognition of deferred tax assets and other matters; (xv)���۶���Ƶ’s ability to implement new technologies and business methods, including digital services, artificial intelligence and other technologies, and ability to successfully compete with both existing and new financial service providers, some of which may not be regulated to the same extent; (xvi)��limitations on the effectiveness of �۶���Ƶ’s internal processes for risk management, risk control, measurement and modeling, and of financial models generally; (xvii)��the occurrence of operational failures, such as fraud, misconduct, unauthorized trading, financial crime, cyberattacks, data leakage and systems failures, the risk of which is increased with persistently high levels of cyberattack threats; (xviii)��restrictions on the ability of �۶���Ƶ Group AG, �۶���Ƶ AG and regulated subsidiaries of �۶���Ƶ AG to make payments or distributions, including due to restrictions on the ability of its subsidiaries to make loans or distributions, directly or indirectly, or, in the case of financial difficulties, due to the exercise by FINMA or the regulators of �۶���Ƶ’s operations in other countries of their broad statutory powers in relation to protective measures, restructuring and liquidation proceedings; (xix)��the degree to which changes in regulation, capital or legal structure, financial results or other factors may affect �۶���Ƶ’s ability to maintain its stated capital return objective; (xx)��uncertainty over the scope of actions that may be required by �۶���Ƶ, governments and others for �۶���Ƶ to achieve goals relating to climate, environmental and social matters, as well as the evolving nature of underlying science and industry and the possibility of conflict between different governmental standards and regulatory regimes; (xxi) the ability of �۶���Ƶ to access capital markets; (xxii) the ability of �۶���Ƶ to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, conflict, pandemic, security breach, cyberattack, power loss, telecommunications failure or other natural or man-made event; and (xxiii)��the effect that these or other factors or unanticipated events, including media reports and speculations, may have on its reputation and the additional consequences that this may have on its business and performance. The sequence in which the factors above are presented is not indicative of their likelihood of occurrence or the potential magnitude of their consequences. �۶���Ƶ’s business and financial performance could be affected by other factors identified in its past and future filings and reports, including those filed with the US Securities and Exchange Commission (the SEC). More detailed information about those factors is set forth in documents furnished by �۶���Ƶ and filings made by �۶���Ƶ with the SEC, including the �۶���Ƶ Group AG and �۶���Ƶ AG Annual Reports on Form 20-F for the year ended 31��December 2024. �۶���Ƶ is not under any obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

��

�۶���Ƶ Switzerland AG