BW Wohnbau AG

The company's purpose is to buy and sell, as well as manage, real estate, acquire land, build on it, rent it out and sell it, as well as conduct all trade and financial transactions related thereto, including participations in other companies. The company may establish branches and subsidiaries in Switzerland and abroad and participate in other companies in Switzerland and abroad, as well as conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as grant guarantees and sureties for subsidiaries and third parties.