BAF Immobilier SA

The company's purpose is to hold shares in any commercial, industrial or other companies in Switzerland or abroad, notably in the field of construction, real estate development, acquisition, management, leasing and sale of real estate, with the exception of all operations prohibited by the LFAIE. The company may carry out any operations, directly or indirectly related to its corporate purpose. It may create and manage branches and subsidiaries and grant loans or guarantees of any kind either to its shareholders or to third parties, if this promotes its interests.