Note 8 Earnings per share (EPS)

	Quarter ended			% change from		Year to date

Diluted earnings (CHF million)	30.9.2003	30.6.2003	30.9.2002	2Q03	3Q02	30.9.2003	30.9.2002


Net profit	1,673	1,639	942	2	78	4,526	3,636
Less: Profit on own equity derivative contracts deemed dilutive	(8)	0	(21)		62	(2)	(130)


Net profit for diluted EPS	1,665	1,639	921	2	81	4,524	3,506

	Quarter ended			% change from		Year to date

Weighted average shares outstanding	30.9. 2003	30.6. 2003	30.9. 2002	2Q03	3Q02	30.9. 2003	30.9. 2002


Weighted average shares outstanding	1,102,783,381	1,136,530,546	1,199,528,140	(3)	(8)	1,130,413,592	1,221,094,518
Potentially dilutive ordinary shares resulting from options and warrants outstanding	30,614,016	19,428,459	11,281,744	58	171	20,617,036	14,379,115


Weighted average shares outstanding for diluted EPS	1,133,397,397	1,155,959,005	1,210,809,884	(2)	(6)	1,151,030,628	1,235,473,633

	As at			Year to date

Shares outstanding	30.9. 2003	30.6. 2003	30.9. 2002	2Q03	3Q02


Total ordinary shares issued	1,182,486,491	1,258,031,067	1,254,852,158	(6)	(6)
Second trading line treasury shares
2002 first program		67,700,000	62,811,279
2002 second program		8,270,080
2003 program	42,940,000	11,270,000
Other treasury shares	55,128,507	52,538,668	5,941,400	5	828


Total treasury shares	98,068,507	139,778,748	68,752,679	(30)	43


Shares outstanding	1,084,417,984	1,118,252,319	1,186,099,479	(3)	(9)