FAVE AG

The company's purpose is to acquire, rent and sell properties and land, to develop land, to build new buildings, to renovate and renew residential and commercial buildings, to manage real estate and general assets, as well as to finance and encumber properties and land. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.