PORTEQUIPE SA

The manufacture and marketing of all kinds of carpentry products, in wood and related materials, in particular the manufacture and marketing of windows, furniture and furnishings for the home. The company may produce and market any type of hardware product, as well as any type of household item and gift item. The company may assume representation for the promotion and marketing of products. The company may acquire, encumber, manage, administer and sell real estate, as well as participate in companies and enterprises and hold corporate participations as a holding company. However, real estate in Switzerland or participations in real estate companies and enterprises with real estate in Switzerland may only be acquired (without LAFE subordination procedure) on the condition that the properties are intended for the exercise of an economic activity in accordance with Art. 2 para. 2 lit. a LAFE. The company may develop, acquire, sell, receive for use and grant for use technologies, technical know-how, industrial patents and industrial property rights, as well as carry out financial transactions and investments. The company may perform all commercial and financial transactions deemed necessary or useful and functionally connected with the company's purpose.