R2 SCHATEL SA

The acquisition, administration and exploitation, by lease or otherwise, of all land and buildings acquired or constructed by it and of all real estate rights belonging to it, except for all operations prohibited by the LFAIE. It may establish branches in Switzerland and abroad, participate in other companies, acquire or establish companies and corporations with a similar purpose, carry out all operations, including financial, real estate and movable property operations, and conclude all contracts suitable for developing its purpose or related thereto directly or indirectly.