Credit Suisse Announces Delisting of Three ELEMENTS® ETNs

Credit Suisse announced today the withdrawal of three of its ELEMENTS® exchange traded notes (ETNs) (the “Securities”) from listing on NYSE Arca due to expected trading volumes insufficient to support an exchange-traded market.

The effective date of the withdrawal, at which point the Securities will no longer be listed on a national securities exchange or quoted on any quotation medium, is expected to be on or about April 3, 2009. The Securities may trade, if at all, on an over-the-counter basis.

As a result of the delisting, intraday indicative values for the Securities will no longer be published. However, it is expected that the daily closing indicative value of each Security will continue to be published on www.ELEMENTSetn.com.

Credit Suisse Securities (USA) LLC (“CSSU”), an affiliate of Credit Suisse, the issuer of the Securities, expects to bid for Securities offered for sale to it by holders of the Securities. However, CSSU is not required to do so and may cease making bids at any time. CSSU’s bid prices for each Security will be posted via the Security’s corresponding CUSIP number (listed below) on Bloomberg. A Security’s bid price may vary from its published indicative value, which is based on the Security’s underlying market measure.

Credit Suisse does not expect to issue any additional units of the Securities to be delisted. As a result, the maximum amount of Securities outstanding at any given time is not expected to exceed the amount of Securities outstanding as of the date hereof. If Credit Suisse does decide to issue additional units of any of the Securities, it is expected that CSSU will act as underwriter for those issuances.

The three Securities included in the delisting, along with the corresponding CUSIP, are:

At this time, Credit Suisse has no intention to delist its ELEMENTS ETN linked to the Credit Suisse Global Warming Index, Exchange Series due April 10, 2023 (CUSIP No. 22542D407) (the “GWO ETNs”), which currently trade on NYSE Arca under the symbol “GWO”. However, there is no assurance that the GWO ETNs will continue to be listed on NYSE Arca or another securities exchange. In addition, from time to time Credit Suisse may decide, at its sole discretion, to issue additional units of the GWO ETNs. It is expected that CSSU will act as underwriter for any such additional issuances.

Information

Investors with questions about the status of the ETNs, secondary market trading or any other issues can contact Credit Suisse at 1-888-537-4898 or call 1 877 ETN ADVICE (1 877 386 2384).

Credit Suisse

As one of the world's leading banks, Credit Suisse provides its clients with private banking, investment banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 49,000 people. Credit Suisse is comprised of a number of legal entities around the world and is headquartered in Zurich. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

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