Gesellschaft für erschwingliches Wohnen AG

The company, as a non-profit public limited company, aims to permanently meet the need for housing at affordable and financially reasonable conditions, particularly through the acquisition of land, building rights and properties as well as the creation of rental and ownership apartments. The company is not profit-oriented. This means that (i) the distribution of any dividends may not exceed the maximum amount allowed for exemption from federal stamp duty, (ii) the payment of bonuses is excluded, and (iii) in the event of a liquidation surplus, the shareholders may only be reimbursed a maximum of the nominal value of the shares. The company may participate in other enterprises, establish subsidiaries and branches, and furthermore, carry out all legal actions that the purpose of the company may entail.