CARAN LAKE SA

All real estate transactions and activities, real estate promotion, including the acquisition, enhancement, construction, renovation, leasing, administration, management, purchase and sale of assets, rights and other movable and immovable property. The company may grant financing, directly or indirectly, to third parties, including its direct or indirect shareholders as well as any other company belonging to the same group, whether through loans or by providing guarantees or securities of any kind, in exchange for appropriate consideration. It may take and manage stakes in any other business and carry out, either for its own account or for the account of third parties, all commercial and financial operations, directly or indirectly related to its corporate purpose.