CASAZUL SA

The company's purpose is to acquire, sell, operate, lease and construct all types of real estate in Switzerland and abroad. The company may carry out all financial, commercial, industrial, movable and immovable transactions (except those prohibited by the LFAIE) in Switzerland and abroad, either on its own account or on behalf of third parties, directly or indirectly related to the main purpose. It may also establish branches and subsidiaries in Switzerland and abroad. The company may also grant loans to its shareholders and/or guarantee, secure or co-sign loans granted by third parties to its shareholders.