Bouveret Discount S.A.

Operation of a food and household goods trade of all kinds, as well as the import and export of all products and articles related thereto; the company may carry out any financial, commercial, movable or immovable operation related to its purpose or likely to promote it; it may also create branches in Switzerland and abroad, take participations, found or finance companies having a direct or indirect relationship with its purpose; the company may, for consideration or not, grant loans to its shareholders or third parties, or provide guarantees of all kinds to cover the commitments of its shareholders or third parties.