ELLANA SA

The acquisition, administration and management of participations in all companies or enterprises, particularly in the real estate sector; the promotion, development, purchase, sale, rental and exploitation of all real estate. It may grant or guarantee loans to its shareholders or third parties. It may also act as guarantor for loans subscribed by the company itself, its shareholders or third parties, pledge its assets by providing guarantees of any kind, in particular real estate. It may carry out, either on its own account or on behalf of third parties, all financial, commercial and securities transactions directly or indirectly related to its purpose and take an interest, in any form, in all similar enterprises.