CARAFAM SA

The acquisition, holding, management and realization of participations in all types of commercial, financial, industrial and real estate companies, in Switzerland and abroad; the company may also finance group companies and/or grant guarantees; the company may carry out, both in Switzerland and abroad, for its own account or for the account of third parties, all commercial, financial, industrial, movable and real estate transactions in direct or indirect connection with its main purpose; it may create branches and/or subsidiaries in Switzerland and abroad.