Titan Europe 2007-1 (NHP) Limited - Irish Stock Exchange

Credit Suisse International
Introduction
Credit Suisse International (“CSI”) was incorporated in England and Wales under the Companies Act 1985,
on 9 May 1990, with registered No. 2500199 and was re-registered as an unlimited liability company under the
name “Credit Suisse Financial Products” on 6 July 1990, and was renamed Credit Suisse First Boston
International on 27 March, 2000. Its registered office and principal place of business is at One Cabot Square,
London E14 4QJ, telephone number +44 (0)20 7888 8888. CSI is an English bank and is regulated as an EU
credit institution by The Financial Services Authority (“FSA”) under the Financial Services and Markets Act
2000. The FSA has issued a scope of permission notice authorising CSI to carry out specified regulated
investment activities. With effect from 16 January 2006, Credit Suisse First Boston International was renamed
“Credit Suisse International”.
CSI is an unlimited liability company and, as such, its shareholders have a joint, several and unlimited
obligation to meet any insufficiency in the assets of CSI in the event of its liquidation. The joint, several and
unlimited liability of the shareholders of CSI to meet any insufficiency in the assets of CSI will only apply upon
liquidation of CSI. Therefore, prior to any liquidation of CSI, creditors may only have recourse to the assets of
CSI and not to those of its shareholders.
CSI commenced business on 16 July 1990. Its principal business is banking, including the trading of
derivative products linked to interest rates, equities, foreign exchange, commodities and credit. The primary
objective of CSI is to provide comprehensive treasury and risk management derivative product services
worldwide. CSI has established a significant presence in global derivative markets through offering a full range
of derivative products and continues to develop new products in response to the needs of its customers and
changes in underlying markets. Effective 1 January, 2006, CSI is managed as a part of the Investment Banking
division of Credit Suisse in the Europe, Middle East and Africa region, and prior to that time was managed as a
part of the Credit Suisse First Boston division of Credit Suisse. The newly integrated Credit Suisse is one bank
and is structured along three lines of business. Private banking includes international and Swiss wealth
management as well as services for private clients and corporate clients including pension funds in Switzerland.
Investment banking includes the products and services provided to corporate and investment banking clients.
Asset management includes asset management products and services.
Shareholders
Credit Suisse owns 56 per cent., Credit Suisse (International) Holding AG (formerly known as Credit
Suisse First Boston (International) Holding AG), a wholly owned subsidiary of Credit Suisse, owns 24 per cent.
and Credit Suisse Group owns 20 per cent. of CSI’s ordinary voting shares. Credit Suisse and Credit Suisse
(International) Holding AG have entered into a voting agreement relating to the election of directors. With
respect to CSI’s participating non-voting shares (other than an issue of “Class A” participating non-voting
shares) Credit Suisse owns 4.9 per cent., Credit Suisse Investments (UK), (formerly known as Credit Suisse
First Boston (UK) Investments) a wholly owned subsidiary of Credit Suisse, owns 75.1 per cent. and Credit
Suisse Group owns 20 per cent. In addition, Credit Suisse and Credit Suisse Investments (UK) each own half of
CSI’s “Class A” participating non-voting shares and Credit Suisse Investments (UK) owns 80 per cent. and
Credit Suisse Group owns 20 per cent. of CSI perpetual non-cumulative “Class A” preference shares. Credit
Suisse (International) Holding AG owns 100 per cent. of the Issuer’s non-cumulative “Class B” preference
shares. Credit Suisse (International) Holding AG owns 42.2857 per cent. and Credit Suisse Investments (UK)
owns 57.143 per cent. of the Issuer’s non-cumulative “Class C” preference shares. Credit Suisse (International)
Holding AG owns 100 per cent. of CSI’s non-cumulative “Class D” preference shares. On 15 March, 2006 the
total authorised share capital of CSI increased from US$3,300,000,000 to US$4,000,000,000 by the creation of a
new class of shares being 700,000,000 “Class E” preference shares of US$1 each, of which US$535,000,000
was issued to Credit Suisse (International) Holding AG. Credit Suisse (International) Holding AG owns 100 per
cent. of CSI’s non-cumulative “Class E” preference shares.
A summary organisational chart, showing the ownership of the voting interests in CSI, is set out below.
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