NOGA Développements Immobiliers SA

purchase, sale, promotion, development, brokerage and investment in the field of real estate. The company may, either on its own account or on behalf of third parties, carry out all commercial, movable and financial transactions, in direct or indirect relation to its purpose, in any form, including in the form of participations. The company may open branches and subsidiaries in Switzerland and abroad, found or acquire any company pursuing an analogous or complementary purpose. The company may grant loans or guarantees to its shareholders, subsidiaries or third parties.