37 Reconciliation of adjustment items (1/6) Results excluding items included in our reported results are non-GAAP financial measures. During the implementation of our strategy, we will measure the progress achieved by our underlying business performance. Management believes that such results provide a useful presentation of our operating results for purposes of assessing our Group and divisional performance consistently over time, on a basis that excludes items that management does not consider representative of our underlying performance. Provided below is a reconciliation to the most directly comparable US GAAP measures. December 15, 2020 Group in CHF mn 3Q20 2Q20 1Q20 4Q19 3Q19 2Q19 1Q19 9M20 9M19 9M18 9M17 9M16 9M15 2019 2018 2017 2016 2015 2014 Net revenues reported 5,198 6,194 5,776 6,190 5,326 5,581 5,387 17,168 16,294 16,119 15,711 15,142 19,587 22,484 20,920 20,900 20,323 23,797 26,242 FVoD - - - - - - - - - - - - (995) - - - - (298) (543) Real estate gains - - - (146) - (75) (30) - (105) (16) - (346) (23) (251) (28) - (424) (95) (414) (Gains)/losses on business sales - - - 2 - - - - - (68) (15) 56 - 2 (71) 13 58 (34) (101) Net revenues adjusted 5,198 6,194 5,776 6,046 5,326 5,506 5,357 17,168 16,189 16,035 15,696 14,852 18,569 22,235 20,821 20,913 19,957 23,370 25,184 o/w related to InvestLab transfer - - 268 - 327 - - 268 327 - - - - 327 - - - - - o/w related to SIX revaluation - - - 498 - - - - - - - - - 498 - - - - - o/w Pfandbriefbank gain - 134 - - - - - 134 - - - - - - - - - - - Net revenues adj. excl. significant items 5,198 6,060 5,508 5,548 4,999 5,506 5,357 16,766 15,862 16,035 15,696 14,852 18,569 21,410 20,821 20,913 19,957 23,370 25,184 Provision for credit losses 94 296 568 146 72 25 81 958 178 186 167 177 191 324 245 210 252 324 186 Total operating expenses reported 4,301 4,347 4,007 4,830 4,112 4,254 4,244 12,655 12,610 13,156 13,892 15,028 15,377 17,440 17,303 18,897 22,337 25,895 22,429 Goodwill impairment - - - - - - - - - - - - - - - - - (3,797) - Restructuring expenses (107) - - - - - - (107) - (490) (318) (491) - - (626) (455) (540) (355) - Major litigation provisions (152) (61) (18) (326) (28) (29) (6) (231) (63) (162) (238) (306) (257) (389) (244) (493) (2,707) (820) (2,436) Expenses related to real estate disposals (25) (3) 5 (57) - (16) (35) (23) (51) - - - - (108) - - - - - Expenses related to business sales - - - - - - - - - (3) - - - - (51) (8) - - - Total operating expenses adjusted 4,017 4,283 3,994 4,447 4,084 4,209 4,203 12,294 12,496 12,501 13,336 14,231 15,120 16,943 16,382 17,941 19,090 20,923 19,993 Pre-tax income/(loss) reported 803 1,551 1,201 1,214 1,142 1,302 1,062 3,555 3,506 2,777 1,652 (63) 4,019 4,720 3,372 1,793 (2,266) (2,422) 3,627 Total adjustments and significant items 284 (70) (255) (259) (299) (30) 11 (41) (318) 571 541 507 (761) (577) 822 969 2,881 4,545 1,378 Pre-tax income/(loss) adj. excl. significant items 1,087 1,481 946 955 843 1,272 1,073 3,514 3,188 3,348 2,193 444 3,258 4,143 4,194 2,762 615 2,123 5,005 Pre-provision profit/(loss) adj. excl. significant items 1,181 1,777 1,514 1,101 915 1,297 1,154 4,472 3,366 3,534 2,360 621 3,449 4,467 4,439 2,972 867 2,447 5,191