Credit Suisse and Ospraie Announce Broad Strategic Alliance; Partnership Will Include a Focus on Private Equity-Type Opportunities in Commodities and Basic Industries

Credit Suisse, through its Alternative Investments group in itsAsset Management business, will support Ospraie in its pursuit of moreconcentrated investment opportunities in commodities and basicindustries. In addition, Credit Suisse will provide globaldistribution support, enabling Ospraie to focus its expertise oninvesting in the basic industries, commodities and related sectors.

As part of the agreement, Credit Suisse will provide at least USD500 million to Ospraie for investment in private equity-typeopportunities in the commodities and basic industries sectors, andwill purchase a small, non-controlling interest in Ospraie Management.

Terms were not disclosed.

"Ospraie is arguably the most proven and successful investor inthe commodities and basic industries sectors globally," said BrianFinn, head of Credit Suisse's Alternative Investments business. "Weare excited to partner with Dwight Anderson, John Duryea and theirteam to provide our clients with greater access to these high-growthsectors and to the specialized and qualified expertise of Ospraie'smanagement team."

"This relationship will accelerate our expansion in private equityand special situation investments. We are thrilled to receive thecapital and distribution support of Credit Suisse, one of the world'sleading firms in the private equity space," said Dwight Anderson,founder and CEO of Ospraie Management.

"Credit Suisse's investment and distribution network will enableus to devote our resources to sourcing and managing investments,"added John Duryea, portfolio manager with Ospraie focused onprivate-equity type investments.

About Ospraie Management, LLC:

Ospraie Management, LLC is a New York based investment managementfirm that currently oversees over USD 4 billion in basic industry andcommodity investments. Launched in 2000 by founder Dwight Anderson aspart of Tudor Investment Corporation, Ospraie was established as anindependent business in 2004.

About Credit Suisse:

As one of the world's leading banks, Credit Suisse provides itsclients with investment banking, private banking and asset managementservices worldwide. Credit Suisse offers advisory services,comprehensive solutions and innovative products to companies,institutional clients and high-net-worth private clients globally, aswell as retail clients in Switzerland. Credit Suisse is active in over50 countries and employs approximately 40,000 people. Credit Suisse'sparent company, Credit Suisse Group, is a leading global financialservices company headquartered in Zurich. Credit Suisse Group'sregistered shares (CSGN) are listed in Switzerland and, in the form ofAmerican Depositary Shares (CSR), in New York. Further informationabout Credit Suisse can be found at www.credit-suisse.com

In its Asset Management business, Credit Suisse offers productsacross the full spectrum of investment classes, ranging from equities,fixed income, and multiple asset-class products to alternativeinvestments such as private equity, real estate, hedge funds, andvolatility management. Credit Suisse's Alternative Investments group,part of its Asset Management business, is one of the largestalternative asset managers in the world with more than $125 billion ofassets under management. Credit Suisse's Asset Management businessmanages portfolios, mutual funds, and other investment vehicles for abroad spectrum of clients ranging from governments, institutions, andcorporations to private individuals. With offices focused on assetmanagement in 18 countries, Credit Suisse's Asset Management businessis operated as a globally integrated network to deliver the Bank'sbest investment ideas and capabilities to clients around the world.

This press release does not constitute an offer of securities forsale in the United States. Securities may not be sold in the UnitedStates absent registration or an exemption from registration. Anypublic offering of securities in the United States will be made bymeans of a prospectus provided by the fund that will contain detailedinformation about the fund and its management, as well as financialstatements.

Cautionary statement regarding forward-looking information

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By their very nature, forward-looking statements involve inherentrisks and uncertainties, both general and specific, and risks existthat predictions, forecasts, projections and other outcomes describedor implied in forward-looking statements will not be achieved. Wecaution you that a number of important factors could cause results todiffer materially from the plans, objectives, expectations, estimatesand intentions expressed in such forward-looking statements. Thesefactors include (i) market and interest rate fluctuations; (ii) thestrength of the global economy in general and the strength of theeconomies of the countries in which we conduct our operations inparticular; (iii) the ability of counterparties to meet theirobligations 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 orterrorist activity; (vi) the possibility of foreign exchange controls,expropriation, nationalization or confiscation of assets in countriesin which we conduct our operations; (vii) the ability to maintainsufficient liquidity and access capital markets; (viii) operationalfactors such as systems failure, human error, or the failure toproperly implement procedures; (ix) actions taken by regulators withrespect to our business and practices in one or more of the countriesin which we conduct our operations; (x) the effects of changes inlaws, regulations or accounting policies or practices; (xi)competition in geographic and business areas in which we conduct ouroperations; (xii) the ability to retain and recruit qualifiedpersonnel; (xiii) the ability to maintain our reputation and promoteour brands; (xiv) the ability to increase market share and controlexpenses; (xv) technological changes; (xvi) the timely development andacceptance of our new products and services and the perceived overallvalue 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 notexclusive; when evaluating forward-looking statements, you shouldcarefully consider the foregoing factors and other uncertainties andevents, as well as the risks identified in our most recently filedForm 20-F and reports on Form 6-K furnished to the US Securities andExchange Commission.