HVS Sicherheitenverwaltung GmbH

The sole purpose of the company is to ensure the claims of the creditors of the mortgage bonds issued by Hypo Vorarlberg Bank AG (an Austrian law company) with regard to Swiss cover assets, which are used by the latter to cover the mortgage bonds issued by it. The company may not carry out any transactions that do not directly or indirectly serve the company's purpose. In particular, it is prohibited from acquiring or holding real estate. The company may not participate in any other companies. It may not provide security for itself or third parties, nor may it grant guarantees, sureties, and the like in favor of third parties. The company is authorized to conduct other business and take measures that are necessary or useful for the company's purpose.