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Credit Suisse Alternative Capital, Inc. 11 Madison Avenue Tel. New York, NY 10010 Fax U.S.A.

+1 212 325 7396 +1 212 325 7924

Media Release Hedge Funds Rebounded to Post their Strongest Year-to-Date Returns in July based on Credit Suisse Liquid Alternative Beta ("LAB") Index Performance

New York, August 3, 2010 Returns for the LAB Liquid Indices suggest that hedge funds produced positive returns across strategies in July generating their strongest performance to date in 2010, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse. Dr. Drachman noted, "The Credit Suisse Liquid Alternative Beta Index ("CSLAB") was up 3.12% in July, marking the best performing month for hedge funds this year and bringing year-to-date performance to 2.99%. Gains were generated across all strategies with each of the five LAB sector indices posting positive returns for the month. The LAB Event Driven Liquid Index was the strongest performer, up 4.22% for the month, followed by the LAB Long/Short Equity Liquid Index, which was up 3.30%. Year-to-date, the LAB Merger Arbitrage Index is the best performing sector, up 5.99% as of July 31. About LAB Indices LAB is a series of indices that seek to replicate the aggregate return profiles of alternative investment strategies using liquid, tradable instruments that are selected and weighted using an objective and transparent rules-based methodology. An algorithm determines the appropriate factors and weightings employed in seeking to replicate the returns of specific hedge fund strategies. Performance for the LAB Indices (shown below) is calculated daily. Performance, descriptions, statistics and downloadable price history can be found on the Credit Suisse Alternative Beta website, www.creditsuisse.com/alternativebeta or on Bloomberg at <ILAB>.

Credit Suisse Liquid Alternative Beta Index LAB Long/Short Liquid Index LAB Global Macro Liquid Index LAB Event Driven Liquid Index LAB Merger Arbitrage Liquid Index

Jul-10 3.12% 3.30% 1.65% 4.22% 1.87%

Jun-10 -0.40% -1.94% 0.14% 0.41% 2.15%

YTD 2.99% 2.05% 1.10% 5.93% 5.99%

The Credit Suisse Liquid Alternative Beta Group recently released a new whitepaper, "Portfolio Idea: Enhancing Liquidity in Alternative Portfolios," that examines liquid alternative beta strategies and their impact on portfolio liquidity. For a copy of the paper, please click here or email [email protected]

h s p The LAB family of indices includes five separate indices which are valued daily and returns listed on Bloomberg: e 1. The Liquid Alternative Beta Index seeks to reflect the return of the overall hedge fund industry as represented d by the Dow Jones Credit Suisse Hedge Fund Index. Bloomberg ticker, CSLAB; g

Credit Suisse Alternative Capital, Inc. 11 Madison Avenue Tel. New York, NY 10010 Fax U.S.A.

+1 212 325 7396 +1 212 325 7924

2. The Long/Short Liquid Index seeks to reflect the return of hedge funds as represented by the Long/Short Equity sector of the Dow Jones Credit Suisse Hedge Fund Index, Bloomberg ticker, CSLABLS; 3. The Global Macro Liquid Index seeks to reflect the return of hedge funds as represented by the Global Macro sector of the Dow Jones Credit Suisse Hedge Fund Index, Bloomberg ticker, CSLABGM; 4. The Event Driven Liquid Index seeks to reflect the return of hedge funds as represented by the Event Driven sector of the Dow Jones Credit Suisse Hedge Fund Index, Bloomberg ticker, CSLABED and 5. The Credit Suisse Merger Arbitrage Liquid Index seeks to gain broad exposure to the Merger Arbitrage strategy using a pre-defined quantitative methodology to invest in a liquid, diversified and broadly representative set of announced merger deals, Bloomberg ticker, CSLABMA. Credit Suisse Alternative Capital, Inc. is a subsidiary of Credit Suisse and is headquartered at 11 Madison Avenue, New York, NY 10010-3629.

Contact Information Katherine Herring, Corporate Communications, Credit Suisse, Telephone +1 212 325 7545, [email protected]

Credit Suisse AG Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-networth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 48,300 people. 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. Asset Management In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds, credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse's Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 19 countries, Credit Suisse's Asset Management business is operated as a globally integrated network to deliver the bank's best investment ideas and capabilities to clients around the world. All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types. Important Legal Information This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof. Certain information contained in this document constitutes "Forward-Looking Statements" (including observations about markets and industry and regulatory trends as of the original date of this document), which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe", or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties beyond our control, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Credit

Credit Suisse Alternative Capital, Inc. 11 Madison Avenue Tel. New York, NY 10010 Fax U.S.A.

+1 212 325 7396 +1 212 325 7924

Suisse has no obligation to update any of the forward-looking statements in this document. Copyright © 2010 CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.

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