Compagnie Financière du Grimsel SA

The acquisition, holding, management, disposal and financing of participations in all companies or enterprises, Swiss or foreign, excluding any operation prohibited by the LFAIE. The company may also, in Switzerland or abroad: create subsidiaries and branches, take participations in, and more generally, participate in all enterprises and entities, excluding any operation prohibited by the LFAIE; carry out, either on its own account or on behalf of third parties, all operations directly or indirectly related to its purpose or likely to promote it; and grant loans or guarantees, as well as direct or indirect financing, including within the framework of cash pooling agreements, to direct or indirect subsidiaries, direct or indirect shareholders and their direct or indirect subsidiaries, or to third parties. The company is part of a group of companies and may, as such, take into account the interests of this group in pursuing its purpose.