To:     All Global Securities Staff    
Date:   February 28, 2008

Remembering Lacey Gallagher

It is with deep regret that we have to let you know that Lacey Gallagher passed away on Monday night after a three-year battle with cancer.

Lacey, a Managing Director and co-head of our Emerging Markets Economics team, joined the Bank in 2000 from Standard & Poors where she was head of their Latin American Sovereign Team. Lacey's career at Credit Suisse was distinguished by an unsurpassed level of energy and dedication that she brought to the job and the Bank. She was singularly responsible for ensuring that we developed an outstanding presence at the annual IMF/IBRD and IADB meetings and was regularly voted as one of the leading Latin American economists by our clients in the various Institutional Investor surveys.

Her passing is a tremendous loss to the Bank and to each of us individually. Her energy and enthusiasm will be missed by everyone who worked with her.

A viewing will be held on Sunday, March 2 from 2:00 p.m. to 4:00 p.m. and from 7:00 p.m. to 9:00 p.m. at:

Frank E. Campbell
The Funeral Chapel
1076 Madison Avenue @ 81^st Street
New York, NY 10028

The funeral service will be held on Sunday, March 2 at 11:30 a.m. at the same location.

In lieu of flowers, a donation may be made in Lacey's name to either of  the following organizations:

Ovarian Cancer National Alliance
910 17th Street NW Suite 1190
Washington, DC. 20006
866-399-6262
www.ovariancancer.org

Ovarian Cancer Research Fund
14 Pennsylvania Plaza
Suite 1400
New York, NY 10122
212-268-1002
www.ocrf.org

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