PH Asset Management AG

The company's purpose is to provide consulting and management services for assets in the areas of real estate and securities, as well as for capital placements and investor relations of all kinds. It may grant loans, provide guarantees and sureties, and conduct foreign exchange and financing transactions of all kinds for the benefit of affiliated companies. The company may establish branches and subsidiaries in Switzerland and abroad, acquire, manage and sell real estate and plots of land, as well as intangible assets and other capital investments. Furthermore, the company may engage in all commercial, financial and other activities that are connected with the company's purpose.