Ringier Immobilien AG

The company's purpose is to acquire, hold, develop, manage and sell real estate. The company may establish subsidiaries and branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire, hold and sell plots of land, and carry out all commercial, financial and other activities that are directly or indirectly related to the company's purpose. The company directs its business activities, to the extent permitted, towards the group's goals. Accordingly, the company may, in the interest of the group or individual group companies, including their direct or indirect parent companies and their direct or indirect subsidiaries, conclude contracts and, in particular, grant loans or other financing to such group companies and provide security of any kind for their liabilities, including by way of pledges or security assignments and transfers of the company's assets, or by way of guarantees of any kind, whether against payment or not.