IMMOVAG AG

The company's purpose is to acquire, manage, develop and sell real estate in Switzerland and abroad, to develop building projects, to market building projects and real estate, to provide consulting services in the real estate, finance and trust sectors, as well as to carry out financing activities. 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 grant guarantees and sureties for its subsidiaries and third parties.