COFRA AG

The purpose of the company is the acquisition, permanent management and disposal of participations in domestic and foreign companies of all kinds. Furthermore, the company aims to purchase, sell, license and use intellectual property rights such as trademarks, signs, designs and copyrights. The company may also conduct all business that is suitable to promote or facilitate its development and the achievement of its purpose, including the acquisition of real estate. The company may, in particular, grant or receive loans or other financing to or from other group companies or third parties, including its direct or indirect shareholders and their direct or indirect subsidiaries, and provide security of any kind for the liabilities of such other companies, including by way of pledges on or fiduciary transfers of the company's assets or guarantees of any kind, whether against payment or not. The company may establish branches and subsidiaries in Switzerland and abroad.