IMMO 2003 GmbH

The company's purpose is to purchase, sell, manage and renovate real estate in Switzerland and abroad; to trade in consumer goods and services, particularly for interior design and building infrastructure; to provide services related to the management, rental, brokerage, operation, renovation and maintenance of real estate. The company may establish branches and subsidiaries and participate in other companies. The company may acquire land. The company may engage in all commercial, financial and other activities that are directly or indirectly related to the company's purpose and are suitable for promoting the company's purpose. The company may issue bonds, loans and borrowings, as well as acquire, sell and manage properties.