Credit Suisse Solutions Lux Megatrends Credit Suisse Asset

Credit Suisse Solutions (Lux) Megatrends Credit Suisse Asset Management August 2010

The Fund in a nutshell § The identification of Megatrends: a very concise MEGATRENDS and effective way of looking at the world § Demographics – analyzing the long-term developments of the § Transparency § human population Multipolar World – taking into account that a greater share of the global population will enjoy higher development Sustainability – realizing that this cannot happen without an eye on limited resources § The CS Solutions (Lux) Megatrends fund § One investment solution based on identified Megatrends, Flexibility § § One bank solution § creating a portfolio for each Transparently implemented through Equities and Long-Only Funds Actively managed, incorporating Credit Suisse’s renowned research expertise and investment experience By managers with robust track records and years of experience managing such portfolios Asset Management 2010 Slide 2

What is a Megatrend? Looking at the history of human civilisation, distinct forces that have spurred future developments in, and the evolution of, mankind can be identified. These forces were natural challenges, technological breakthroughs or geopolitical changes that initiated lasting trends in society on a large scale – so-called megatrends. A Megatrend represents § a major and lasting alteration of society § progressive change lasting several decades or centuries § a source that can often be rooted in a major technological breakthrough, a geopolitical rebalancing, or an environmental shift such as change in climate We identified three major Megatrends that are currently shaping global society. Each of these Megatrends entails several distinct themes that have their own implications for investors. These Megatrends are Multipolar World, Demographics and Sustainability. Asset Management 2010 Slide 3

Megatrends – Three themes and their components Above average growth perspectives Moving to a multipolar world – as global wealth is rapidly spreading from the developed to the emerging world and as a result of accelerating globalisation, more emerging market countries are increasingly participating in the global economy. The demographic challenge – rapid population growth in emerging markets and increasing ageing, mainly in developed markets, represent the starting point in the cycle of Megatrends. The need for sustainability – rising demand depleting resources are leading to imbalances, one solution to restore the balance between supply and demand is the sustainable generation of resources as well as more efficient use of existing resources. Asset Management 2010 Slide 4

Credit Suisse Solutions (Lux) Megatrends Composition of the fund Sourcing Construction Benchmark § MEGATRENDS according to Credit Suisse Private Banking Research definition § CS Private Banking Equity Research, Product Buffet for Funds and Certificates § Embedded within PB/Asset Management Investment Process § § § § Use of Private Banking Research MEGATREND individual stock recommendations Use thematic funds, ETF and index Trackers with clear evidence to MEGATRENDS Around 20 Stocks well diversified per MEGATREND Total of around 60 Stocks plus min. 1 Thematic product per MEGATREND HOLT valuation Barra. One optimization and benchmarking Allowance for other asset class exposure if in line with MEGATRENDS § 100% MSCI AC World – Demographics 100% MSCI World – Sustainability 100% MSCI World – Multipolar World 100% MSCI Emerging Market § Tracking error range: 3. 0 – 12 *Source: MACS. Asset Management 2010 Slide 5

Credit Suisse Solutions (Lux) Megatrends – Strategic allocation Megatrends CS Megatrend Coordination Forum § Megatrends Multipolar World Selection § MSCI Emerging Markets § CS Private Banking § § Research CS HOLT Scorecard Optimization § Barra. One § Multi Factor Model Megatrends § MSCI World § CS Private Banking Research § CS HOLT Scorecard § Optimization Sustainability § One Fund § 3 Themes § Individual Selection § CS Private Banking Research Demographics Implementation § Thematic CS Solutions (Lux) Megatrends Funds Selection § TOP 30 PB Research § MSCI World § Best in Class § CS Private Banking § § Research CS HOLT Scorecard Optimization *Source: MACS. Asset Management 2010 Slide 6

Credit Suisse Solutions (Lux) Megatrends Tactical allocation Bottom-up CIO Investment Views Research view on stock level Absolute views based on HOLT model Megatrend Allocation Thematic relevance MEGATRENDS Translation Tactical Allocation CIO Investment Views into Megatrends Optimization (Barra. One) Calculation of the optimized portfolio under consideration of risk, investment views and themes specific factors Selection Equities Selection thematic funds and ETF Risk optimization Reporting Implementation Investment views, performance, implementation Performance Measurement Return relative views, confidence in views Investment views, asset allocation, implementation Tactical Asset Allocation selection screening, timing, liquidity, optimization, trading Source: Credit Suisse AG Asset Management 2010 Slide 7

Tactical overlay on demographic investments - Urbanisation Est. cumulative global infrastructure requirement allocations 2010 to 2030 (USD 71 trn) Source: OECD Global Infrastructures to 2030 White Paper Advanced G-20 Countries: government debt (in percent of GDP Source: January 2009 World Economic Outlook (WEO) projections "Urbanization" conclusions: + § Urbanization dramatically raises infrastructure spending needs from water to energy to transportation § The UN projects that roughly one billion people will move to the cities in Asia alone over the next 20 years § Large deficits, growing structural deficits, and globally rising government debt to GDP levels point to more "brownfield" OECD infrastructure privatization, investment choice, transparency, and to constructive asset pricing/ROI developments § Look for "forced infrastructure privatizations by governments" news flow (P. E. funds) as well as EM infrastructure Source: CS spending trends as concerns infrastructure stock (ABB, Siemens, Komatsu, United Technologies, Holcim, etc. ) CIO-Office purchases Asset Management 2010 Slide 8

Orascom: Growth in demand from infrastructure and agriculture § Orascom Construction (OCI) is a construction firm active in emerging markets, building large industrial infrastructure § § projects in the MENA region and beyond. OCI also produces nitrogen-based fertilizer products (urea and ammonia) and ranks among the top 10 global fertilizer firms in terms of production capacity. With a growing global population, increasing income per capita, and rising urbanisation, the demand for food and infrastructure is likely to remain robust – especially in emerging markets. Source: CS Private Banking Research Asset Management 2010 Slide 9

CS Solutions (Lux) Megatrends– Model Portfolio Indicative only Multipolar World Demographics 2. 1% 1. 2% 0. 9% SAB Miller Plc 2. 1% Fomento Economico Mex. 0. 7% Swatch Group 2. 1% Siam Commercial Bank L 1. 2% United Overseas Bank Ltd 1. 6% Belle International Holdings Emerging Markets Metro Nestlé SA – Reg Mc. Donalds Corp Altria Group Emerging Consumer 1. 4% Boc Hong Kong Holdings 21 st century lifestyle 1. 4% Vale Sa – SP Pref ADR Urbanization 1. 9% Emerging Producer Gazprom OAO-SPON ADR Anadarko Petroleum Corp 0. 6% 1. 7% Conoco Phillips 1. 7% Encana Corp 2. 1% Apache Corp 1. 5% HSBC Holdings Plc 3. 1% Hang Seng Bank Ltd Education 1. 2% Logistics SATS Ltd 1. 3% Emerging Markets HSBC GIF –INDIAN Equity 3. 1% Invesco Asia Infrastruct-A-A 2. 7% CS Sicav Lx-Eq Mid. Es. NAf. B Agriculture Sustainability 1. 9% 2. 4% 1. 9% 1. 8% 0. 9% 1. 0% 1. 6% Astellas Pharma Inc Resmed Inc. Baxter International Merck & Co. Inc. Stryker Medtronic Inc. Novo Nordisk A/S-b Hikma Pharmaceuticals PLC 0. 8% 0. 9% 1. 0% 2. 1% 0. 9% 0. 8% 1. 0% 1. 1% New Oriental Education -SP United Tractors TBK PT Archer-Daniels-Midland Co FIAT SPA INCITEC PIVOT Ltd Companie de Saint-Gobain 1. 5% 1. 7% Iberdrola 1. 4% Vestas Wind Systems 0. 6% Geberit AG –Reg 1. 3% Toshiba 1. 1% BASF 1. 2% Fanuc Ltd 0. 5% Johnson Matthey Plc 0. 8% First Solar Inc. 1. 4% Agilent Technologies Inc 1. 9% Samsung Electronics Co Ltd Funds 1. 4% Konl. Philips Electronics 1. 5% 1. 7% 1. 0% 1. 8% Walt Disney Co 1. 3% 1. 0% Nike Inc. CL B Innovation 1. 5% Panasonic Corp Environment 1. 5% 1. 1% 1. 3% Honda Motor Co Ltd Community ING Groep NV SAP AG City Developments Ltd 1. 4% Apple Inc. Siemens Keppel Corp General Electric Co Cisco Systems Inc. Schneider Electric SA Orascom Construction–GDR Holcim Ltd – Reg 1. 0% JB SAM Smart Materials Fd. B 2. 3% 3. 4% Frontier Markets Total 41. 1% 21 st cent lifestyle Agriculture Total Invesco GLB Health Care-A DWS Invest Global Agribusiness 2. 0% 2. 6% 31. 2% Funds Innovation Total 27. 7% Asset Management 2010 Slide 10

CS Solutions (Lux) Megatrends – Asset Allocation Sectors Thematic Financials 11. 3% Materials Energy Countries Regions Demographics 31. 2% Switzerland 7. 1% 9. 0% Urbanization 11. 5% France 2. 4% 7. 6% 21 st Century Lifestyle 10. 6% Netherlands 12. 7% Education 1. 3% Italy 16. 4% Agriculture 7. 8% United Kingdom 12. 1% Sustainability 27. 7% Germany 27. 6% 7. 1% Information Technology N-Amerika 1. 0% Industrials 30. 2% 3. 2% Consumer Discretionary Europe 6. 4% 1. 6% Telecommunication Services Health Care 0. 0% Community 9. 6% Denmark 10. 5% Environment 6. 5% Spain 1. 5% Consumer Staples 9. 6% Innovation 11. 6% United States Utilities 1. 5% Multipolar World 41. 1% Canada 2. 1% 9. 3% Emerging Consumer 15. 4% Japan 4. 8% Australia 1. 0% Thematic Regional Funds 100. 00% Emerging Markets 9. 1% Emerging Producer 25. 5% 11. 9% Singapore 6. 7% Frontier Markets 3. 4% Hong Kong 1. 3% China Thailand 1. 5% Korea 1. 4% Asia Funds 2. 7% Brazil 1. 9% Russia 0. 6% Mexico 0. 7% Egypt 1. 0% Frontier Markets Funds 19. 0% 3. 1% Indonesia Emerging Markets 1. 2% India 11. 6% 1. 3% 100% 4. 8% Pac ex Jap 4. 0% Logistics Japan 3. 4% Key figures Total Risk for direct investments 20. 98 Active Risk of direct investments 3. 78 Global Funds 6. 8% Other incl. cash 100% 6. 8% 100% Indicative only *Source: MACS. Asset Management 2010 Slide 11

Credit Suisse Solutions (Lux) MEGATRENDS backtest (in USD) Backtest calculation based on indices (monthly rebalancing) Sustainability Innovation NASDAQ 100 Stock Ind. 1. 2% Alternative Energy Global Alternative Energy 16. 9% Social Awareness CS Social Awareness 16. 7% 34. 8% Demographics 21 st century lifestyle CS Healthy Living I. 15. 2% Agriculture Return p. a. Risk p. a. Tracking error Backtest Benchmark 8. 4% 2. 9% 17. 6% 18. 1% 4. 6% Urbanization As per 26. 02. 2010 CS Agriculture Index MSCI Daily TR World 13. 2% Emerging MSCI Emerging M. Daily 27. 2% Frontier MSCI (Frontier M. ) Daily 5. 0% 33. 0% Emerging Markets 7. 1% Historical performance indications and financial market scenarios are no guarantee for current or future performance. . 32. 2% 100. 0% *Source: Bloomberg. Asset Management 2010 Slide 12

CS Solutions (Lux) Megatrends – Key Facts Fund manager: Markus Mächler Location: Zurich Fund domicile: Luxembourg Fund currency: Issue price: USD 100 USD for B Share Minimum investment: USD 100 Inception date: 30. September 2010 Management fee in % p. a. : Benchmark: 1. 92% for B Share (70/30) 0. 90% for I Shares (60/40) MSCI AC World Unit classes: B, D, F, I, P, R, S ISIN B, USD: LU 0522191245 R, EUR: LU 0522192136 R, CHF: LU 0522192300 S, EUR: LU 0522192482 S, CHF: LU 0522192565 Maximum exposure per stock Maximum of free float per stock Minimum equity exposure Minimum Tracking error Maximum Tracking error Target Information ratio* Maximum collective investment Maximum counterparty risk No leverage No hedging within portfolio 5% 10% 60% 3% 12% 0. 5 40% 10% *Information ratio = Excess return/Tracking error Registration in: Luxembourg; Switzerland; Austria; Czech Republic; Finland; France; Germany; Hungary, Italy, Neutral position per Megatrend = 100% equity / #Megatrends Netherlands, Spain; Sweden; UK (pending); Lichtenstein; Maximum spread per Megatrend = +/-10% (subject to be Norway; Singapore (QI only); Hong Kong (QI only). confirmed by MEGATREND Coordination Forum) Source: Credit Suisse Asset Management 2010 Slide 13

Share class overview: § Currency: USD B-shares Base currency - for Benchmark oriented investors willing to carry all currency risks! § Currency: CHF R-shares For Swiss domiciled equity oriented private investors. Hedged for USD against CHF currency fluctuation. § Currency: EUR R-shares I-shares For EURO domiciled equity oriented private investors. Hedged for USD against EURO currency fluctuation. § Currency USD For institutional investors with more than USD 5 Mio investments. Reduced fee Asset Management 2010 Slide 14

Credit Suisse Solutions (Lux) MEGATRENDS Conclusion § Fund investing in global equities & theme funds (active & ETFs) § Focusing on Credit Suisse Megatrends – Demographics – Multipolar World – Sustainability § Active Stock Picking based on – CS Research – Holt – Barra. One Optimization § Benchmark: MSCI AC World § Share Classes in USD / CHF (hedged) / EUR (hedged) § Launch: Subscription period from August 16, 2010 Start investing: September 30, 2010 Asset Management 2010 Slide 15

Important Information Regarding Hypothetical, Back-Tested or Simulated Performance The hypothetical back-tested performance shown is for illustrative purposes and does not represent actual performance of any client account. CREDIT SUISSE AG does not represent that the hypothetical returns would be similar to actual performance had the firm actually managed accounts in this manner. Hypothetical, back tested or simulated performances have many inherent limitations only some of which are described as follows: (i) It is designed with the benefit of hindsight, based on historical data, and does not reflect the impact that certain economic and market factors might have had on the decision-making process. No hypothetical, back-tested or simulated performance can completely account for the impact of financial risk in actual performance. Therefore, it will invariably show positive rates of return. (ii) It does not reflect actual client asset trading and cannot accurately account for the ability to withstand losses. (iii) The information is based, in part, on hypothetical assumptions made for modelling purposes that may not be realized in the actual management of accounts. No representation or warranty is made as to the reasonableness of the assumptions made or that all assumptions used in achieving the returns have been stated or fully considered. Assumption changes may have a material impact on the model return presented. This material is not representative of any particular client’s experience. Investors should not assume that they will have an investment experience similar to the hypothetical, back-tested or simulated performance shown. There are frequently material differences between hypothetical, back-tested or simulated performance results and actual results subsequently achieved by any investment strategy. Unlike an actual performance record based on trading actual client portfolios, hypothetical, back-tested or simulated results are achieved by means of the retroactive application of a back-tested model itself designed with the benefit of hindsight. Hypothetical, back-tested or simulated performance may not reflect the impact that material economic or market factors might have on an adviser’s decision making process if the adviser were actually managing a client’s portfolio. The back-testing of performance differs from actual account performance because the investment strategy may be adjusted at any time, for any reason and can continue to be changed until desired or better performance results are achieved. The back-tested performance includes hypothetical results that do not reflect the deduction of advisory fees, brokerage or other commissions, and any other expenses that a client would have paid or actually paid. No representation is made that any account will or is likely to achieve profits or losses similar to those shown. Alternative modelling techniques or assumptions might produce significantly different results and prove to be more appropriate. Past hypothetical, back-test or simulated results are neither indicators nor guarantees for future returns. In fact, there are frequently sharp differences between hypothetical, back-tested and simulated performance results and the actual results subsequently achieved. As an investor, you accept and agree to use such information only for the purpose of discussion with CREDIT SUISSE AG your preliminary interest in investing in the strategy described herein. Asset Management 2010 Slide 16

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 knowledge and belief. However, CS provides no guarantee with regard to its content and completeness and does not accept any liability for losses which might arise from making use of this information. The opinions expressed in this document are those of CS at the time of writing and are subject to change at any time without notice. If nothing is indicated to the contrary, all figures are not audited. This document is provided for information purposes only and is for the exclusive use of the recipient. It does not constitute an offer or a recommendation to buy or sell financial instruments or banking services and does not release the recipient from exercising his/her own judgment. The recipient is in particular recommended to check that the information provided is in line with his/her own circumstances with regard to any legal, regulatory, tax or other consequences, if necessary with the help of a professional advisor. This document may not be reproduced either in part or in full without the 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 such information under local law. Neither this document nor any copy thereof may be sent, taken into or distributed in the United States or to any U. S. person. Every investment involves risk, especially with regard to fluctuations in value and return. Investments in foreign currencies involve the additional risk that the foreign currency might lose value against the investor’s reference currency. Historical performance indications and financial market scenarios are no guarantee for current or future performance. Performance indications do not consider commissions levied at subscription and/or redemption. Furthermore, no guarantee can be given that the performance of the benchmark will be reached or outperformed. The collective investment scheme mentioned in this publication was issued in Luxembourg as a UCITS pursuant to Part I of the Luxembourg law of December 20, 2002, on undertakings for collective investment. The representative in Switzerland is Credit Suisse Asset Management Funds AG, Zurich. The paying agent in Switzerland is Credit Suisse AG, Zurich. Subscriptions are only valid on the basis of the current sales prospectus, the simplified prospectus, the bylaws and/or contractual terms and conditions and the most recent annual report (or semi-annual report, if more recent). The prospectus, simplified prospectus, bylaws and/or the contractual terms and conditions and the annual and semi-annual reports are available free of charge from Credit Suisse Asset Management Funds Service (Luxembourg) S. A. , Luxembourg, from Credit Suisse Asset Management Funds AG, Zurich, or from any Credit Suisse AG bank in Switzerland. © 2010 Copyright by Credit Suisse AG Asset Management 2010 Slide 17