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News Event Report: Nangka in , July 2015

Typhoon Nangka made landfall on 16 July 2015 at 11:07pm local time near Muroto City, on the eastern coast of Island, Japan. Typhoon Nangka has been monitored by our investment team since its development in the Pacific Ocean and on its way towards the Japanese main islands on a daily basis. At its peak, it was a Category 4 Super Typhoon threatening the Japanese mainland with strong winds, heavy rainfall as well as a possible storm surge. Finally, it weakened substantially and was a Category 1 Typhoon at landfall with estimated maximum sustained wind speeds at just over 120 km/h (75 mph) and therefore less intense than pessimistic forecasts predicted.

The storm brought very heavy rainfall and strong winds. It has been reported that two people died and 32 have been injured. Building damages were caused mostly due to flooding, although several homes have also reported some wind damage. About 130 houses have been damaged by the flood. In western Japan, the storm caused widespread traffic disruptions. Shikoku Railway canceled all train service Thursday evening. However, significant structural damages from Typhoon Nangka are unlikely with the reported wind speeds of Typhoon Nangka due to the strict and well-enforced construction codes in Japan. As an early estimate, the portfolio manager would expect insurance losses between USD 100m and USD 500m. As such the portfolio manager does not expect an impact from the event based on currently available information.

We will keep you updated of any significant developments. ______

Contact Credit Suisse Anlagestiftungen Tel. +41 44 333 48 48 E-Mail [email protected] Internet www.credit-suisse.com.anlagestiftung ______21 July 2015

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