• CHF4.4bn charge on Archegos default led to a pre-tax profit loss of CHF757m for Q1 21. • Additional charge of around CHF600m from Archegos expected in Q2 21 but potential release of COVID-19 provisions • Strong revenues growth of 31% in Q1 21 • CET1 ratio strengthened by the successful placement of 203m new shares via two series of Mandatory Convertible Notes today. • Swiss regulator FINMA investigates Archegos and Greensill cases at Credit Suisse.