Credit Suisse and Glencore International Announce Strategic Alliance in Energy Trading

Under the strategic alliance, the companies have agreed for thebusiness to operate from the premises of a Glencore subsidiary inStamford, Connecticut staffed by a sales and trading team from CreditSuisse. The team will include marketers, structurers as well as oilderivatives traders. Plans call for expanding the business to operatefrom facilities of Glencore's subsidiaries in London and Singapore inthe future. No other terms of the agreement were disclosed.

"The Alliance is an important strategic step forward in growingthe commodities business at Credit Suisse. We have recentlyestablished a power and natural gas trading business. With Glencore asour partner, we will be well positioned to succeed in the petroleumcommodities business and provide our clients with customized, value-enhancing solutions," said Jim Healy, Head of Fixed Income within theInvestment Banking division of Credit Suisse.

"This is an excellent opportunity for Glencore to further leverageits relationships by offering creative risk management solutions.Credit Suisse's reputation for innovation along with its strong creditstanding will allow us to expand our worldwide energy productsplatform," said Frank Destribats, Chief Executive of GlencoreInternational's Oil Division.

Credit Suisse created the Energy Trading and Marketing Group inOctober 2004 with an initial focus on the power and natural gastrading business. Through the Alliance with Glencore, Credit Suisse isexpanding into petroleum derivatives, covering a broad range ofclients from financial funds to owners and suppliers of petroleumproducts.

Founded in 1974, Glencore is one of the world's largest suppliersof a wide range of commodities and raw materials to industrialconsumers. Energy products and commodities are marketed andcoordinated primarily in Glencore's headquarters in Baar, Switzerlandand through the offices of its subsidiaries in London, Stamford andSingapore.

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 (SWX: CSGN) are listed in Switzerland and, in theform of American Depositary Shares (NYSE: CSR), in New York. Furtherinformation about Credit Suisse can be found at www.credit-suisse.com

In its Investment Banking business, Credit Suisse offerssecurities products and financial advisory services to users andsuppliers of capital around the world. Operating in 69 locationsacross 33 countries, Credit Suisse is active across the full spectrumof financial services products including debt and equity underwriting,sales and trading, mergers and acquisitions, investment research, andcorrespondent and prime brokerage services.

About Glencore International

Glencore is a leading privately held, diversified naturalresources company with worldwide activities in the smelting, refining,mining, processing, purchasing, selling and marketing of metals andminerals, energy products and agricultural products. Glencore operateson a global scale, marketing physical commodities produced in itsindustrial assets or purchased from third parties to industrialconsumers, such as those in the automotive, steel, power generation,oil and food processing industries. Glencore also provides financing,logistics and other services to producers and consumers ofcommodities. These activities are supported by substantial strategicindustrial assets relating to Glencore's core commodities.