LONORA SA

Trade in all its forms, wholesale and retail, through direct sales, correspondence or internet, as well as import and export of carpets, furniture, household items and accessories and general interior design complements. The company may, in Switzerland and abroad: acquire participations in companies and enterprises; establish branches and subsidiaries; acquire and create similar or analogous businesses; assume and grant agencies, representations and mandates; carry out any other commercial, management, financial or other operation aimed at achieving or promoting the company's purpose; acquire, hold and lease real estate in Switzerland and abroad, in accordance with the relevant Swiss and foreign laws.