Disclosure of shareholdings by Credit Suisse Group in accordance with Swiss Stock Exchange Law

1.

The reported purchase positions on registered Zurich shares include:

• 1,236,723 registered shares (0.85%)
• 884,210 long call options (equals 1,190,120 voting rights respectively 0.82%)
• 1,875,938 short put options (equals 2,036,775 voting rights respectively 1.40%)

Together this equals a purchase position of 3.07% of the share capital and the voting rights of Zurich entered in the commercial register.

2.

The reported sale positions of registered Zurich shares include:

• 1,293,225 long put options (equals 2,582,736 voting rights respectively 1.77%)
• 53,443,740 short call options (equals 1,607,804 voting rights respectively 1.10%)

Together this equals a sale position of 2.88% of the share capital and the voting rights of Zurich according to the entry in the commercial register.

On January 7, 2008, the Disclosure Office of the SWX Swiss Exchange granted Zurich a relief from the disclosure requirements in accordance with article 20 of the SESTO-SFBC. Detailed option conditions can be requested at Zurich Financial Services, Investor Relations, investor.relations@zurich.com, phone: +41 (0)44 625 22 99, free of charge. They will be sent to any interested party within two stock exchange days.

3.

Identity of the individual group members:

Credit Suisse Group, Paradeplatz 8, P.O. Box, 8070 Zurich, Switzerland, indirectly through its subsidiaries:

• Neue Aargauer Bank, Bahnhofstrasse 49, 5000 Aarau, Switzerland,
• Clariden Leu Holding AG, Bahnhofstrasse 32, 8001 Zurich, Switzerland (indirectly through Clariden Leu AG, Bahnhofstrasse 32, 8001 Zurich, Switzerland),
• Credit Suisse, Paradeplatz 8, P.O. Box, 8070 Zurich, Switzerland, directly and  indirectly through its subsidiaries
  • Credit Suisse International, One Cabot Square, London, E14 4QJ, England,>
  • Credit Suisse Life (Bermuda) Ltd., Argyle House, 41 A, Cedar Avenue, Hamilton HM 12, Bermuda,
  • Credit Suisse Life & Pensions AG, Mühleholz 3, 9490 Vaduz, Principality of Liechtenstein,
  • Credit Suisse (International) Holding AG, Bahnhofstrasse 17, 6300 Zug, Switzerland (indirectly through Credit Suisse Investments (UK), One Cabot Square, London E14 4QJ, England, indirectly through Credit Suisse Investment Holdings (UK), One Cabot Square, London E14 4QJ, England, indirectly through Credit Suisse Securities (Europe) Limited, One Cabot Square, London, E14 4QJ, England).

4.

Nature of agreement: Group of companies.

5.

Proxy for Group members: Cathrine Zgraggen, Credit Suisse, Compliance Shared Services / Control Room YCHC 4, Uetlibergstrasse 231, P.O. Box 3, 8070 Zurich, phone: +41 (0)44 334 79 53; fax: +41 (0)44 333 94 54.