MESTRAL IMMOBILIER SA

all activities and services in the field of construction and real estate development as well as all services in the field of brokerage and management; the company may also carry out, either on its own account or on behalf of third parties, all commercial, movable and financial transactions in direct or indirect connection with its purpose, in any form whatsoever, in particular in the form of participations; the company may open branches in Switzerland and abroad, found or acquire any company pursuing an analogous or complementary purpose; the company may grant loans or any guarantees to its shareholders or to third parties.