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News Event Report: Soudelor in and Eastern China , August 2015

Typhoon Soudelor made landfall on August 8, 2015 on the northwestern coast of Taiwan near the city of Hualien. According to Taiwan’s , the storm arrived in Taiwan with maximum wind gusts of up to 210 km/h. The strong winds were accompanied by heavy rainfall, causing storm surge, mudslides and flooding. In Taiwan, so far 6 deaths have been reported by the media and 4 people are still missing. Damages to roadways and coastal properties appear to be widespread but not catastrophic in Taiwan. The power outage caused by the storm was record breaking for the island of Taiwan leaving 4 million customers without power during the storm.

After crossing the island of Taiwan, Soudelor continued its way towards the Chinese mainland and made landfall on August 9, 2015 as a tropical storm in city. The maximum wind gusts reached up to 143 km/h in China. The heavy rain also caused flooding in China. Damaging winds left more than 1.4 million homes without power during the storm. The Chinese government is currently reporting 21 Soudelor-related deaths.

The relatively well-engineered infrastructure and the fact that the storm weakened significantly on its way over the island of Taiwan together with the low insurance coverage of the affected area leads to a limited impact on the reinsurance industry. We currently expect insured losses to be below USD 200m. According to the latest available information, we do not expect an impact from the event.

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 ______11 August 2015

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