Following completion of the merger of UBS AG and Credit Suisse AG, Credit Suisse AG’s business was transferred to UBS AG, and Credit Suisse AG ceased to exist. At this time however, the two entities did not operationally merge and, as a result, we continue to have two sets of operational infrastructure and processes during this transitionary period. Consequently UBS AG is now the sole parent entity and all direct subsidiaries of Credit Suisse AG have become direct subsidiaries of UBS AG, and all branches of Credit Suisse AG have been absorbed into existing or established as new branches of UBS AG (as the case may be). As such, Credit Suisse AG’s branches have been renamed as UBS Branches, with the exceptions of CSAG Shanghai and CSAG Taipei Securities.

Following completion of the merger of UBS Switzerland AG and Credit Suisse (Schweiz) AG, Credit Suisse (Schweiz) AG’s business was transferred to UBS Switzerland AG, and Credit Suisse (Schweiz) AG ceased to exist. At this time however, the two entities did not operationally merge and, as a result, we continue to have two sets of operational infrastructure and processes during this transitionary period.

This message provided to you may contain confidential, proprietary or legally privileged information and is intended only for the use of the addressee named above. No confidentiality or privilege is waived or lost by any mistransmission. If you are not the intended recipient of this message you are hereby notified that you must not use, disseminate, copy it in any form or take any action in reliance on it. If you have received this message in error please delete it and any copies of it and notify the sender immediately. Credit Suisse and its subsidiaries reserve the right to intercept and monitor any e-mail communication through its networks if legally allowed.

The information has been provided to you by individual sales and/or trading personnel of Credit Suisse AG. The sales and/or trading personnel can act on behalf of any of the following Credit Suisse entities

• the representative offices of Credit Suisse International ('CSi') in Switzerland. CSi is a bank domiciled in the United Kingdom. The address of the CSi's registered office is One Cabot Square, London, E14 4QJ; United Kingdom. CSi is authorised under the amended Financial Services and Markets Act 2000 by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority ('FCA')and the PRA in the United Kingdom.
• Credit Suisse AG (CSAG) CSAG is a bank domiciled in Switzerland. The address of CSAG is Paradeplatz 8, CH 8001 Zurich, Switzerland.
• Credit Suisse (Switzerland) Ltd. is a bank domiciled in Switzerland. The address of Credit Suisse (Switzerland) Ltd. is Paradeplatz 8, CH 8001 Zurich, Switzerland.

or their subsidiaries or affiliates.

For more information on our structure, please follow the attached link: Simplified Legal Entity Overview.

This material is provided for information purposes, is intended for your use only and does not constitute an invitation or offer to subscribe for or purchase any of the products or services mentioned. It is not investment advice or otherwise based on a consideration of the personal circumstances of the addressee, nor is it the result of objective or independent research.

This material is intended only to provide observations and views of the said individual sales and/or trading personnel, which may be different from, or inconsistent with, the observations and views of Credit Suisse analysts or other Credit Suisse sales and/or trading personnel, or the proprietary positions of Credit Suisse. Observations and views of the salesperson or trader may change at any time without notice. Information and opinions presented in this material have been obtained or derived from sources believed by Credit Suisse to be reliable, but Credit Suisse makes no representation as to their accuracy or completeness. Credit Suisse accepts no liability for loss arising from the use of this material. All valuations are subject to Credit Suisse valuation terms. Information provided on trades executed with Credit Suisse will not constitute an official confirmation of the trade details.

Specific information for CSi: This material is not for distribution to retail clients and is directed exclusively at Credit Suisse's market professional and institutional clients. Moreover, any investment or service to which this material may relate, will not be made available by Credit Suisse to such retail customers.

For specific information relating to Credit Suisse's and Credit Suisse affiliate's indicative prices and indicative valuations provided to clients, please follow the attached link: indicative-prices-and-valuations.

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