IMMODECARBO SA

The company's purpose is to engage, in Switzerland and abroad, in any advisory activity, including financing in the real estate sector, the acquisition, management, holding and sale of participations in all companies and properties, excluding operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE), as well as any services in the construction sector. The company may: carry out any financial, commercial or industrial activity, movable or immovable, directly or indirectly related to its purpose; establish branches or subsidiaries in Switzerland and abroad; participate in all companies having a direct or indirect relationship with its purpose; grant loans or guarantees to shareholders or third parties, if it serves its interests.