AVIL SA

Trading, brokerage and technical consulting activities in the production, sale and tanning of leathers and machinery for their tanning and production; the trade in leathers of all kinds and in plants and machinery for the production and tanning of leathers. The company may acquire, hold, lease and manage its own properties in Switzerland and abroad and may take, directly and indirectly, interests and participations in other companies or commercial, financial and service enterprises in Switzerland and abroad. Furthermore, the company may finally carry out all commercial and financial operations deemed necessary or useful functionally connected with the company's purpose as well as establish branches or subsidiaries in Switzerland or abroad.