PAPCO PAPER TRADING LIMITED, London, Lugano branch

The purchase, sale and marketing of goods, in particular various articles such as cellulose, paper, cardboard, wood and their derivatives. The company may perform all acts necessary for the implementation of its purpose: carrying out commercial and industrial operations, financial and banking operations; resorting to any form of financing with credit institutions, banks, companies and private individuals, providing the necessary real and personal guarantees; granting sureties, guarantees and real guarantees in favor of third parties; acquiring participations in companies and enterprises; participating in consortia and groupings of companies.