Elan Investissement SA

The company's purpose, in strict compliance with the rules governing the acquisition of real estate by foreigners, is: the purchase, sale and management of real estate in Switzerland and abroad; any commercial and service activities related to real estate, in particular the study, planning and implementation of any real estate project; the execution, both on its own account and on behalf of third parties, of all mandates for promotion, management and administration in the real estate sector. The company may also: carry out all commercial, financial or securities transactions; take participations in other companies; grant loans or guarantees to shareholders or third parties, if it serves its interests; in general, carry out all operations having a direct or indirect connection with the company's purpose in Switzerland and abroad.