Panorama Immobilien AG

The company's purpose is to develop, market, evaluate and manage properties, as well as to acquire, manage and dispose of land in Switzerland and abroad. The company may establish subsidiaries and branches in Switzerland and abroad, and may participate in other companies in Switzerland and abroad. It may provide financing for its own account or for the account of third parties, and may enter into guarantees and sureties for subsidiaries and third parties. It may acquire, encumber, manage and dispose of copyrights, patents and licenses of all kinds. Furthermore, it may conduct all business that is suitable to promote the development of the company and the achievement of its purpose.