Issue of Debt

Letter to: Bombay Stock Exchange

LISTING AGREEMENT

MEDIUM TERM NOTE (MTN) PROGRAMME

In terms of Clause 36 of the Listing Agreement, we advise that the Bank has concluded an issue of CHF 325 Mio Senior Debt, Fixed Rate Bonds, under the Medium Term Note (MTN) Programme, having a maturity of 5 years at a coupon rate of 3.375% p.a. payable annually in the form of Regulation-S Global Notes. The bonds will be issued through our London branch as of 22nd February 2011 and shall be listed on Six Swiss Exchange.

From: M M Pathak (General Manager)