New issue of Credit Suisse Real Estate Fund International (CH)

The subscription period for the Credit Suisse Real Estate Fund International (CS REF International) capital increase of approx. CHF 305 million for institutional investors with professional treasury units will run from April 23 to 12:00 on May 7, 2008.

During this period existing shareholders can exercise their subscription rights to acquire new units of this fund, and new investors may subscribe in the event of unexercised rights. For every six existing units, the shareholder is entitled to acquire one new one. A total of 260,000 new units in CS REF International will be issued. The issue price is CHF 1,175.00 per new unit (approx.

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