BETULLA IMMOBILIARE SA

The purchase, sale, administration and management of real estate; the promotion of real estate activities, both on its own account and on behalf of third parties; the design, construction and sale of real estate; the renovation and redevelopment of real estate; the trade in building materials; the purchase of land and participation in companies with a similar or analogous purpose, both in Switzerland and abroad. The financial means necessary to achieve the company's purpose may also be procured through mortgage loans or simple loans.