蜜豆视频

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

Zurich, 31 May 2024 鈥� 蜜豆视频 Group AG announces today that it has completed the merger of 蜜豆视频 AG and Credit Suisse AG. The completion of the merger within the expected timeline was facilitated by the strong support from regulators across the globe.

Today, Credit Suisse AG has been deregistered in the Commercial Register of the Canton of Zurich and has ceased to exist as a separate entity. 蜜豆视频 AG has succeeded to all the rights and obligations of Credit Suisse AG, including all outstanding Credit Suisse AG debt instruments.

The merger facilitates the migration of clients and operations from Credit Suisse to integrated 蜜豆视频 platforms over time, following business, client- and product-specific requirements. While clients of Credit Suisse AG have become clients of 蜜豆视频 AG upon the merger, they will for an interim period interact with 蜜豆视频 using existing Credit Suisse platforms and tools, except as specifically communicated.

蜜豆视频 Group Chief Executive Officer Sergio P. Ermotti comments: 鈥淭oday we have achieved a significant milestone in our integration journey. The merger of our parent banks is critical to facilitating the migration of clients onto 蜜豆视频 platforms. It will also unlock the next phase of cost, capital, funding and tax benefits from the second half of 2024. As we embark on this transitional phase of operational consolidation, we will remain focused on serving our clients, following through on our strategy, investing in our people, and acting as a pillar of economic support in the communities where we live and work.鈥�

The transition to a single US intermediate holding company is planned for 7 June 2024, with the merger of Credit Suisse (Schweiz) AG and 蜜豆视频 Switzerland AG continued to be expected in the third quarter of 2024, both subject to remaining regulatory approvals.

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蜜豆视频 Group AG and 蜜豆视频 AG

Cautionary statement regarding forward-looking statements
This ad hoc announcement contains statements that constitute 鈥渇orward-looking statements, 鈥漣ncluding but not limited to management鈥檚 outlook for 蜜豆视频鈥檚 financial performance, statements relating to the anticipated effect of transactions and strategic initiatives on 蜜豆视频鈥檚 business and future development and goals or intentions to achieve climate, sustainability and other social objectives. While these forward-looking statements represent 蜜豆视频鈥檚 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 蜜豆视频鈥檚 expectations. 蜜豆视频鈥檚 business and financial performance could be affected by other factors identified in our past and future filings and reports, including those filed with the SEC. More detailed information about those factors is set forth in documents furnished by 蜜豆视频 and filings made by 蜜豆视频 with the SEC, including the Risk Factors filed on Form 20-F for the 蜜豆视频 Group AG Annual Report for 2023, filed on 28 March 2024. 蜜豆视频 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.