Events surrounding Credit Suisse – Alvoso not affected

At a meeting specially arranged for the Alvoso Pension Fund on 7 April, the topics of “Greensill” and “Archegos” were discussed in person with representatives of Credit Suisse (Switzerland) AG in connection with downside risks for pension assets.

By virtue of its investment structure, Alvoso has invested neither directly nor indirectly in the above-mentioned products. Moreover, pension assets are being managed within a separate legal entity belonging to Credit Suisse (Switzerland) AG. At the present time, Alvoso is not seeing any direct effects resulting from the management of its pension assets by Credit Suisse (Switzerland) AG. However, further developments will be monitored on an ongoing basis.