Ephy Immobilier SA

All activities involving the acquisition of direct and indirect participations in all companies or businesses, in particular real estate companies, in the sense of a holding company. The company may also carry out, either on its own account or on behalf of third parties, all commercial, securities and financial transactions, directly or indirectly related to its purpose, in any form whatsoever, in particular in the form of participations. The company may open branches in Switzerland and abroad, establish or acquire any business pursuing a similar or complementary purpose. The company may grant loans or guarantees to its shareholders or to third parties.