BM INVESTISSEMENTS SA

The purchase, sale, promotion and renovation of all real estate, as well as the acquisition of direct and indirect participations in all companies or businesses and in any real estate or movable property transaction. The company may also carry out, either on its own account or on behalf of third parties, all commercial, movable and financial transactions, in direct or indirect relation to its purpose, in any form whatsoever, in particular in the form of participations. The company may open branches in Switzerland and abroad, establish or acquire any business pursuing a similar or complementary purpose. The company may grant loans or guarantees to its shareholders or to third parties.