INSMATT AG

The company's purpose is to operate a real estate company, acquire building land and properties, plan and implement new constructions, rent and sell apartments and commercial spaces, as well as trade in real estate. 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 third-party account, as well as provide guarantees and sureties for subsidiaries and third parties.