Praz Carret SA

The acquisition, management, development and disposal of shares, bonds and other securities; as well as the acquisition of participations in capital companies. It may also carry out the study, creation, installation, organization, financing and management of enterprises of any kind. The company may also participate directly or indirectly, in any form, in all enterprises or companies whose activities would be similar. It may finally carry out all mobile or immobile, industrial, financial or commercial operations, having directly or indirectly to do with the corporate purpose or apt to favor its realization. The company will not carry out any activity in Switzerland, except that necessary for its administration.