At the financial media conference on February 15, 2008, EMS announced the repurchase of registered shares in EMS-CHEMIE HOLDING AG by virtue of tradeable put options for the purpose of capital reduction in order to return to the shareholder funds no longer required for the operative business.

The detailed offer is now available. A tradeable put option will be allocated to each EMS share. 15 put options entitle to redeem one EMS share at a price of CHF 180.--. This corresponds to a premium of 25.8% compared with the closing price on March 25, 2008 of CHF 143.10.

The repurchase volume is CHF 301 Mio. and 6.67% of the share capital respectively.

Baloise reported another record result with net profit growing 15% to CHF 803 m, exceeding market expectation clearly. Quality is good with profit increase mainly driven by a better financial result yet not from realised capital gains (CHF 598; -15%) but higher recurring income (CHF 2 bn; +11%).

Basel, March 26, 2008. With 814 million CHF in the fiscal year 2007, the Baloise Group achieved the highest profits in the company's history, even surpassing the record of the previous year by 15.1%.

We have cut our recommendation from ACCUMULATE to NEUTRAL. This is because we feel that headwinds from the overall macro picture have increased to an extent that they are likely to hold back the company’s performance over our investment horizon (9-12 months) and that we are likely to see a gradual deterioration of the current strong demand trend as of H2 2008, despite of the fact that demand is significantly more (geographically) broad-based than it was in the past.

March 20, 2008 - Credit Suisse Group today announced the completion of an internal review related to the revaluation of certain asset-backed securities positions in the Collateralized Debt Obligations (CDO) trading business within its Investment Banking division. Credit Suisse recorded a total valuation reduction of CHF 2.86 billion (USD 2.65 billion), of which CHF 1.18 billion is related to the fourth quarter of 2007, and CHF 1.68 billion to the first quarter of 2008. Net income for Credit Suisse for the fourth quarter and full-year 2007 has been revised by CHF 789 million to CHF 540 million, and CHF 7,760 million, respectively.