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Credit Suisse (Lux) Global Prestige Equity Fund

Asset Management

April 2015


Asset Management

April 2015

Credit Suisse (Lux) Global Prestige Equity Fund1

Asset Management

May 2015

1Formerly Credit Suisse (Lux) Luxury Goods Equity Fund

In Switzerland for retail and qualified investors.In Liechtenstein for professional investors only.

Asset ManagementMay 2015The disclaimer at the end of this document also applies to this page.

Contents

Summary

Reasons to Invest

Investment Process

Product Information

Appendix

2



Summary

3

Investment opportunities

Luxury goods stand out on account of their exclusive design, particular quality and higher price. This means that many luxury goods manufacturers benefit from high profit margins.

The luxury goods segment benefits from high market access barriers (e.g. brand, quality and distribution), which provides manufacturers with the possibility of securing their pricing power.

Luxury goods are often used as status symbols. This explains why those luxury goods manufacturers with strong, desirable brands are successful.

Increasing prosperity in many regions of the world, particularly in China, is fueling a steady increase in demand for luxury goods.

The fund’s strengths

The fund allows the investor to invest in a segment that is benefiting from an impressive growth trend.

The fund offers “pure” exposure to the luxury goods megatrend. Its investment universe is highly diversified, with several complementary subsectors such as fashion, leather goods, jewelry, cosmetics, cars and hotels.

The management team invests in global and established luxury goods firms, such as Richemont, Hermès, LVMH and Christian Dior.

The fund has performed well since its inception. It has repeatedly won prestigious awards, such as the coveted Lipper Fund Award Switzerland 2013 and, prior to that, the Grand Prix de la Gestion d’Actifs 2012 from L’Agefi.

It is managed by an experienced and stable team with a track record of more than eight years in the industry.


Risks and Benefits are presented on slide 21.


Contents

Summary

Reasons to Invest

Investment Process

Product Information

Appendix

4



Most Important Reasons to Invest

Investment possibilities: The fund’s primary goal is to deliver the highest possible capital growth. To this end, it invests worldwide in leading luxury goods firms with high pricing power that are active in product categories such as luxury handbags, leather goods, fashion, jewelry, hotels, cars, spirits, watches and cosmetics.

Strong growth trend: The fund provides access to the ongoing high growth potential of the luxury goods sector. This strong growth is driven mainly by rapidly increasing purchasing power in Asia – China and Southeast Asia. Experts estimate that in ten years’ time, the Asian luxury goods market will reach the current size of the global market.

5

Strong margins in the luxury goods sector: Luxury goods manufacturers are normally active in high-margin product categories and have a high level of pricing power. For example, the operating profit margin in the women’s luxury handbags subsector varies between 25% and 60%. High margins allow luxury goods manufacturers to secure positive results.

Focused portfolio: The fund invests in 25 to 50 leading luxury goods companies with a high level of pricing power. Stock selection is based on fundamental research. Active fund management can generate added value here.

Reasons to Invest

Asset ManagementMay 2015The disclaimer at the end of this document also applies to this page. 6

Reasons to Invest

Blancpain * Estée Lauder * Hilton * Luxottica * Starwood Hotels * Prada * SalvatoreFerragamo * Mandarin Oriental * De Beers * Chaumet * Vacheron Constantin *Lancel * Louis Vuitton * Ferrari * Hublot * Tesla * Richard Mille * Sunseeker

Montblanc * Burberry * Revlon * BMW * Guerlain * Fendi * Kenzo * Givenchy *

Veuve Cliquot * IWC *

Grand M

arnier * Vacheron Constantin *

Daim

ler * Jimm

y Choo * Breitling * Laurent Perrier * Coach* Taittinger *

Kuoni * Carnival *

Pernod Ricard * Sotheby’s * G

uess *

References to individual companies above are merely for illustrative purposes only and should not be construed as an investment recommendation with respectto any securities associated with these companies.

What Does Luxury Mean?A Broadly Diversified Investment Universe


Clothing69.5

Jewelry and watches

61.2

Other11.1

Perfume and cosmetics

55.6

Accessories80.7

7

Reasons to Invest

Global Luxury Industry – Large Markets Diversified around the World

Personal luxury goods

Luxury cars437.8

Personal luxury goods

278.1

Hotels187.1

Wines and spirits 72.3

Food 48.6 Private jets 23.7

Furniture 22.4

Cruises 1.2Yachts 8.7

Where personal luxury goods were bought, 2014 (in USD bn)

USA81.0

Germany12.8

UK16.6

Sources: Altagamma/Bain, Bloomberg, Credit SuisseAs of December 2014

Historical performance indications and financial market scenarios are not reliable indicators of current or future performance.

Global luxury goods market, 2014 (in USD bn)Total USD 1.1 trn

Russia5.7

South Korea11.4

Japan22.5

Hong Kong9.9

China18.7

Middle East20.1

Italy20.1

France19.1


Reasons to Invest

References to individual companies above are merely for illustrative purposes only and should not be construed as an investment recommendation with respect to any securities associated with these companies.

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00

2014

E E

BIT

mar

gin

2014E brand net revenues (in EUR bn)

2014E revenues versus EBIT margin for leading European luxury brands

Miu Miu

Cavalli

Jimmy ChooVersace

Tod’sSaint Laurent

Zegna

FendiFerragamo Armani

Bottega Veneta GucciOmega

RolexCartier

Hermès

Prada

Burberry

Chanel

Louis Vuitton

Source: Company reportsAs of February 2015

Building a Global Luxury Megabrand Is Very Difficult but Worth the EffortLouis Vuitton Model: Higher Scale and Higher Margin


Reasons to Invest

Personal luxury goods market – growth drivers of market size, 2005–2013 (in EUR bn)

Pricing Power of the Luxury Industry Is Very Strong Almost Half of Industry Growth Comes from Price Increases


Sources: Altagamma/Bain, Exane BNP Paribas, Credit Suisse estimatesAs of December 2013

147

3220 7

14 217

0

50

100

150

200

250

300

Retail LFL WholesalePricingFX New Retail Space

20132005


Reasons to Invest

Luxury sales mix by nationality, 2010–2015E (In %, constant FX)

Luxury sales by nationality and location Chinese tourists spending outside mainland China (in % of revenue)

Rapidly Increasing Purchasing Power of Chinese Consumers


15% 17% 17% 19% 20% 18%

24% 22% 21% 20% 19%19%

20% 21% 22% 22% 24%23%

22% 19% 17% 15% 14%16%

19% 22% 23% 24% 23% 24%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2010 2011 2012 2013 2014E 2015E

Other Japanese North American European (ex-Russia) Chinese

10%

40%35%

25%

10%

70%

25%30%

15%

85%

75%

30% 40%

40%

80%

25%

50%

60%

75%

5%

15%

35% 25%

35%

10%5%

25%

10% 10% 10%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

Chinese Local Other

Source: Credit Suisse estimatesAs of January 2015


Reasons to Invest

Sources: Company reports, Exane BNP Paribas AnalysisAs of January 2015

Retail/total sales (%) – European luxury goods

Retail % sales

Rapidly Developing MarketLuxury Brands Store Network Is Expanding Rapidly, while the Luxury E-commerce Market Is Projected to Double by 2017

Sources: Company reports, Credit Suisse estimatesAs of February 2015

Luxury e-commerce market size (in EUR bn)

57.0%

58.7% 59.2%58.0%

60.3%

65.2%

67.9%

69.9%70.9% 71.0%

50.0%

55.0%

60.0%

65.0%

70.0%

75.0%

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

10

19

2013 2017E

7.5%

4.5%

Note: Luxury goods coverage includes LVMH, Kering Luxury, Burberry, Prada, Richemont, Luxottica – unweighted.Historical performance indicators and financial market scenarios are not reliable indicators of current or future performance.


Leading Luxury Brands Are Often Still in Private HandsLeading Luxury Brands by Ownership

12

Reasons to Invest

The above is for information purposes only and should not be construed as an offer or investment recommendation with respect to any security mentioned in this presentation.

Sources: Bloomberg, Fortune, Forbes, Financial Times, *Credit Suisse estimates

As of 31.01.2015

Brand Core business Reported currency

Sales est.* in reported currency (m)

EBIT est.* in reported currency (m)

EBIT margin est. in %

Market cap in reported currency (m)

Ownership

LVMH Multi-brands EUR 30,447 5,840 19.20% 73,466 Public (50.2%)/private (49.8%)Richemont Jewelry/watches EUR 11,096 2,586 23.30% 43,869 PublicRolex Watches EUR 4,794 1,342 28.00% N/a PrivateHermès Leather goods EUR 4,132 1,329 32.20% 31,549 Private (73%)/LVMH (20%)/public (7%)Prada Leather goods EUR 3,573 721 20.20% 19,749 Private (84%)/public (16%)Chanel Leather goods EUR 3,392 636 18.80% N/a PrivateArmani Luxury apparel EUR 2,230 339 15.20% N/a PrivateFerragamo Leather goods EUR 1,327 234 17.60% 4,236 Private (77%)/public (23%)Zegna Luxury apparel EUR 1,308 257 19.60% N/a PrivatePatek Philippe Watches EUR 1,296 324 25.00% N/a PrivateTod’s Leather goods EUR 964 150 15.60% 2,775 PublicDolce & Gabbana Luxury apparel EUR 774 51 6.60% N/a PrivateMoncler Luxury apparel EUR 681 197 29.00% 3,280 PublicVersace Luxury apparel EUR 479 71 14.80% N/a PrivateCucinelli Luxury apparel EUR 357 49 13.60% 1,329 PublicRoberto Cavalli Luxury apparel EUR 201 31 15.40% N/a PrivateChopard Jewelry/watches CHF 379 26 6.80% N/a PrivateBurberry Luxury apparel GBP 2,500 451 18.00% 7,847 PublicJimmy Choo Luxury shoes GBP 300 36 12.00% 682 PublicMulberry Leather goods GBP 155 3 2.20% 518 PublicChow Tai Fook Jewelry HKD 68,632 8,437 12.30% 102,000 Public (10.6%)/private (89.4%)Ralph Lauren Apparel USD 7,820 1,111 14.20% 14,912 PublicMichael Kors Leather goods USD 4,423 1,284 29.00% 14,935 PublicTiffany Jewelry USD 4,280 908 21.20% 11,527 PublicCoach Leather goods USD 4,239 756 17.80% 10,731 Public (10.6%)/private (89.4%)Kate Spade Apparel USD 1,108 64 5.80% 4,027 PublicMarc Jacobs Luxury apparel USD 1,100 165 15.00% N/a PrivateTory Burch Luxury apparel/shoes USD 1,005 151 15.00% N/a Private


Reasons to Invest

Leading European Luxury Groups Are Expected to Benefit from Euro WeaknessProducing in Euros, Selling Globally (USD)

31%

52%

25%

32%

29%

34%

38%

31%

28%

14%

10%

25%

18%

22%

11%

13%

22%

25%

40%

24%

37%

37%

32%

45%

38%

35%

29%

11%

3%

8%

10%

17%

9%

7%

9%

6%

4%

11%

5%

3%

0%

1%

4%

3%

12%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Prada Group

TOD's

Salvatore Ferragamo

Hermes

Burberry

Swatch Group

Richemont

Kering Luxury

LVMH

Geographical revenues mix (2015E)

Europe North America Asia ex-Japan Japan Rest of World

Source: Company reportsAs of February 2015


Contents

Summary

Reasons to Invest

Investment Process

Product Information

Appendix

14



Introduction

Theme-based approach with focus on the luxury goods sector (luxury handbags, leather goods, fashion, jewelry, hotels, cars, spirits, watches and cosmetics).

Bottom-up stock selection based on fundamental analysis, company visits and meetings.

Investment decisions made using a proprietary scorecard to identify companies with a strong market position and promising growth prospects.

15

Theme criteria: at least 50% of assets are invested in companies with a market capitalization of over EUR 5 bn.

Diversified portfolio of 25 to 50 strong-conviction stocks of luxury goods companies worldwide.

Investment Process


Overview

16

Source: Credit Suisse

Screening and analysis of the universe Investment decision-making and portfolio positioning

Screening of the investment universe

Earnings revisions versus price performance

Cash reserves

200 companies

Fundamental analysis, company visits and meetings

Earnings growth and sustainability

Margin trends Competitive situation

150 stocks

Use of scorecard

Brand value Management Network of outlets Margin mix analysis

80 stocks

Valuation

DCF Sum-of-parts

valuation (P/E, EV/EBITDA)

60 stocks

Credit Suisse (Lux) Global Prestige Equity Fund Active management Maximum 10% cash 5/40 rule

25 to 50 stocks

1

2

3

4

5

Investment Process


Contents

Summary

Reasons to Invest

Investment Process

Product Information

Appendix

17



Benchmark MSCI World (NR)Single Swinging Pricing1 YesPortfolio manager Juan MendozaDomicile LuxembourgStructure CS Investment Funds 2Subscription/redemption DailyESD tax status In Scope - no taxSales registration Austria, Czech Republic, Finland, Switzerland,

France, Germany, Gibraltar, Greece, Hungary,Italy, Liechtenstein, Luxembourg, Netherlands,Norway, Portugal, Singapore, Spain, Sweden

Key Facts

18

Fund informationInvestment policy

Product Information

This thematic equity fund invests globally in leading luxurygoods companies operating in product categories such asluxury handbags, leather goods, fashion, jewelry, watches,cosmetics or yachts. The fund offers access to themesincluding the rise of the Chinese luxury market and theoverall growth potential of the emerging consumer, as wellas exposure to emerging brands in the luxury goods sector.The objective is to maximize total return from capitalappreciation and dividends over extended periods of time. Itfollows an unconstrained, nonbenchmark-oriented approachto identify attractively valued companies positioned to benefitfrom the luxury goods theme.

1 For more information, please refer to the “Net Asset Value” chapter of the fund’s prospectus.

Unit class Valor no. ISIN Min. investment Management fees Distribution Inception Qualified investorvolume p.a. date

EUR share class B 27196080 LU1193860985 1 unit 1.92% No 08.05.2015USD share class B 27200337 LU1193861017 1 unit 1.92% No 08.05.2015EUR share class EB 27200451 LU1193861447 1 unit 0.90% No 08.05.2015 QIEUR share class IB 27200457 LU1193861793 EUR 0.5 million 0.90% No 08.05.2015 QIUSD share class EBH 27200454 LU1193861520 1 unit 0.90% No 15.05.2015CHF share class BH 27200439 LU1193861108 1 unit 1.92% No 08.05.2015SGD share class BH 27200442 LU1193861280 1 unit 1.92% No 08.05.2015USD share class BH 27200447 LU1193861363 1 unit 1.92% No 15.05.2015EUR share class UB 27345868 LU1198564426 1 unit 1.15% No 08.05.2015USD share class UBH 27403413 LU1201970883 1 unit 1.15% No 08.05.2015CHF share class UBH 27345869 LU1198564699 1 unit 1.15% No 08.05.2015SGD share class UBH 27345870 LU1198565076 1 unit 1.15% No 08.05.2015


Fund Performance1

19

Source: Credit SuisseAs of 31.03.2015

1 The fund was formerly known as the Credit Suisse (Lux) Luxury Goods Equity Fund. On 15.05.2015, it was restructured and renamed the Credit Suisse (Lux) Global Prestige Equity Fund. The restructured fund is managed in accordance with the same investment guidelines and investment policies as the former fund.

Historical performance indications and financial market scenarios are not reliable indicators of current or future performance. Performance indications do not consider commissions levied at subscription and/or redemption.

Product Information

FundCredit Suisse (Lux)Global Prestige Equity Fund

Start date01.09.2009

Porfolio managerJuan Mendoza

since 01.09.2009

BenchmarkMSCI World (NR)

CurrencyEUR

Total net assetsEUR 122 million

-15%

-12%

-9%

-6%

-3%

0%

3%

6%

9%

12%

15%

-250%

-200%

-150%

-100%

-50%

0%

50%

100%

150%

200%

250%

Aug 09 Jan 10 Jun 10 Nov 10 Apr 11 Sep 11 Feb 12 Jul 12 Dec 12 May 13 Oct 13 Mar 14 Aug 14 Jan 15

Relative return (right scale) Cumulative performance fund (left scale) Cumulative performance benchmark (left scale)

Gross periodical return in % (annualized if > 1 year) 1 Month 3 Months YTD 1 Year 3 Years 5 Year since 01.09.2009

Credit Suisse (Lux) Global Prestige Equity Fund 3.96 14.97 14.97 26.25 13.50 17.47 21.95

MSCI World (NR) 2.80 15.27 15.27 36.05 20.52 15.20 17.01

Difference 1.16 -0.30 -0.30 -9.80 -7.01 2.27 4.94

Tracking Error 7.29 10.48 14.76 14.31

Information Ratio -1.34 -0.67 0.15 0.35


Portfolio Breakdown

20

This is an indicative asset allocation that may change over time.Sources: Credit Suisse, StatPro

As of 31.03.2015

Product Information

Key Figures

Total net assets in mn EUR 122

Number of posit ions 32

Top 10 holdings cumulat ive in % 45.7

Annualized volat ility (3 years) in % 12.9

Beta (3 years) 1.05

Top 10 Holdings in %

L Brands Inc 5.7

Christ ian Dior SE 5.5

Hermes Internat ional 5.1

L'Oreal SA 5.0

Tiffany & Co 4.9

Luxott ica Group SpA 4.8

Moncler SpA 4.1

Kering 3.7

Estee Lauder Cos Inc/The 3.5

Salvatore Ferragamo SpA 3.4

Sector Allocation in % Fund

Text iles, Apparel & Luxury Goods 56.5

Cosmetics 10.7

Automobiles 10.1

Watch and jewellery industry 7.9

Food and beverages 2.3

Lifestyle 3.8

Hotels and resorts 1.4

Cash/Cash Equivalents 7.4

Country Allocation in % Fund

United States 30.9

France 25.2

Italy 14.7

United Kingdom 9.9

Cash/Cash Equivalents 7.3

Germany 4.7

Switzerland 4.0

Hong Kong 2.8

Luxembourg 0.4

Others 0.1


Benefits and Risks

21

Benefits

One of the few thematic equity funds in the world investing in the luxury goods sector.

The fund invests in a growth portfolio of blue-chip companies with strong fundamentals (high returns on equity, high margins, high earnings per share).

Launched in 2000, the fund has the longest track record in this sector.

The fund won several Lipper Fund Awards in the category of consumer discretionary in 2011, 2012 and 2013.

Risks

A long and deep recession may have an adverse impact on the fund΄s performance.

Restricting investments to luxury goods companies may result in significant concentration in an individual subsector/region.

No capital protection.

Product Information


Contents

Summary

Reasons to Invest

Investment Process

Product Information

Appendix

22



Management Team

23

Juan Manuel MendozaFund Manager

Juan Manuel Mendoza has been with theCredit Suisse Group in Zurich, Hong Kongand Singapore since 2006. He is currently thehead of the investment team managing allCredit Suisse Asian equity mutual funds andwas previously the Head of AssetManagement Asia in Hong Kong for theformer Credit Suisse company, Clariden Leu.He has been managing the Credit Suisse(Lux) Luxury Goods Equity Fund since 2008and the former Credit Suisse (Lux) GlobalPrestige Equity Fund since 2014. He wonthree Lipper Fund Awards in France,Germany and Austria in 2011, as well as oneLipper Fund Award in Austria in 2012 andthree Lipper Fund Awards in Austria,Germany and Europe in 2013 in theconsumer category. Since 2011, Juan hasbeen the lead manager of the Credit Suisse(Lux) Asia Consumer Equity Fund and since2013 fund manager of the Credit Suisse(Lux) Asia Pacific Income Maximiser EquityFund. Juan holds an MBA in CorporateFinance from the Goizueta Business School atEmory University in Atlanta, USA.

Patrick KolbProduct Specialist

Patrick Kolb, Director, is a Senior PortfolioManager and has been part of the team forglobal equities at Credit Suisse since June2005. At that time, he specialized in theindustrial and technology sectors. He wasalso part of the US equity team as sectoranalyst for industry, basic materials andutilities. Since March 2007, he has beenmanaging the Credit Suisse (Lux) GlobalSecurity Equity Fund. In addition, he has beenresponsible for the former Credit Suisse (Lux)Global Prestige Equity Fund since July 2009.He studied finance at the University of Zurich,graduating in 2001. He then became aresearch assistant and PhD student at theDepartment of Banking and Finance at theUniversity of Zurich until 2005.

Appendix


Appendix

Global Luxury and Consumer CapabilitiesEurope to Asia

People/portfolios

6 investment professionals in Europe and Asia

4 funds 1 institutional mandate

Global luxury goods theme Asian consumer themes Global emerging-market

brands Public funds, mandates

Product range

14-year-old track record Management of investments across

all major global markets Consumer equity specialties Several Lipper Awards and other

industry awards Rated on Mercer platform Investment team in Asia and Europe

General description

Target clients

Institutional clients Private clients Ultra-high-net-worth individuals Family offices External asset managers

Actively managed AuM breakdown (in USD m)

Total assets under management: USD 448 m

0 100 200 300 400

Global Prestige/LuxuryGoods

Emerging Brands

Asia Consumer



Appendix


Credit Suisse (Lux) Global Prestige Equity Fund1 (EUR)Performance versus Global Equities Market

1The fund was formerly known as the Credit Suisse (Lux) Luxury Goods Equity Fund. On 15.05.2015, it was restructured and renamed the Credit Suisse (Lux) Global Prestige Equity Fund. The restructured fund is managed in accordance with the same investment guidelines and investment policies as the former fund. Prior to that the fund was known as Clariden Leu (Lux) Luxury Goods Equity Fund (August 21, 2009–April 2, 2012) before the integration of Clariden Leu AG into Credit Suisse AG that took place on April 2, 2012.

Historical performance indications and financial market scenarios are not reliable indicators of current or future performance. Performance indications do not consider commissions levied at subscription and/or redemption.

-20

0

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D-08 J-0

9F-

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09 J-09

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D-09 J-1

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10 J-10

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1F-

11M-

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11 J-11

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D-11 J-1

2F-

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12 J-12

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D-12 J-1

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D-13 J-1

4F-

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14 J-14

J-14

A-14

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N-14

D-14 J-1

5F-

15

CLLLGEB LX Equity MSCI World EUR MSCI AC ASIA PAC EX JAPN MSCI EM

Performance since 2009 (in EUR terms)


Disclaimer

This document was produced by Credit Suisse AG and/or its affiliates(hereafter "CS") with the greatest of care and to the best of its knowledgeand belief. However, CS provides no guarantee with regard to its content andcompleteness and does not accept any liability for losses which might arisefrom making use of this information. The opinions expressed in this documentare those of CS at the time of writing and are subject to change at any timewithout notice. If nothing is indicated to the contrary, all figures are notaudited. This document is provided for information purposes only and is forthe exclusive use of the recipient. It does not constitute an offer or arecommendation to buy or sell financial instruments or banking services anddoes not release the recipient from exercising his/her own judgment. Therecipient is in particular recommended to check that the information providedis in line with his/her own circumstances with regard to any legal, regulatory,tax or other consequences, if necessary with the help of a professionaladvisor. This document may not be reproduced either in part or in full withoutthe written permission of CS. It is expressly not intended for persons who,due to their nationality or place of residence, are not permitted access to suchinformation under local law. Neither this document nor any copy thereof maybe sent, taken into or distributed in the United States or to any U. S. person(within the meaning of Regulation S under the US Securities Act of 1933, asamended). Every investment involves risk, especially with regard tofluctuations in value and return. Investments in foreign currencies involve theadditional risk that the foreign currency might lose value against the investor’sreference currency. Historical performance indications and financial marketscenarios are not reliable indicators of current or future performance.Performance indications do not consider commissions levied at subscriptionand/or redemption. Furthermore, no guarantee can be given that theperformance of the benchmark will be reached or outperformed.

26

Equities are subject to market forces and hence fluctuations in value whichare not entirely predictable. Credit Suisse (Lux) Global Prestige Equity Fundmentioned in this publication has been established under Luxembourg law asundertakings for collective investment in transferable securities (UCITS)subject to EU Directive 2009/65/EC, as amended. The representative inSwitzerland is Credit Suisse Funds AG, Zurich. The paying agent inSwitzerland is Credit Suisse AG, Zurich. Subscriptions are only valid on thebasis of the current sales prospectus, the simplified prospectus, the bylawsand/or contractual terms and conditions and the most recent annual report (orsemi-annual report, if more recent). The prospectus, simplified prospectusand/or the Key Investor Information Document (KIID), bylaws and/or thecontractual terms and conditions and the annual and semi-annual reports areavailable free of charge from Credit Suisse Fund Services (Luxembourg)S.A., Luxembourg, from Credit Suisse Funds AG, Zurich or from any branchof Credit Suisse AG in Switzerland.For LiechtensteinThe shares offered are exclusively offered to a limited group of investors, in allcases and under all circumstances designed to preclude a public solicitation inLiechtenstein. This document may not be reproduced or used for any otherpurpose, nor be furnished to any other person other than those to whomcopies have personally been sent. This offer is a private offer, this materialand the transactions described therein are therefore not nor have beensubject to the review and supervision of the Liechtenstein Financial MarketAuthority.

Copyright © 2015 Credit Suisse Group AG and/or its affiliates. All rightsreserved.

Appendix

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