Romandy Real Estate SA

The company's purpose is to buy, sell and manage real estate, to mediate real estate, to appraise buildings and to provide any services required for the real estate sector; excluded from this are all real estate transactions that are subject to or prohibited by federal law regarding the acquisition of real estate by persons abroad. The company may engage in any financial, commercial or industrial, movable or immovable activity that is directly or indirectly related to its purpose. It may establish branches or subsidiaries in Switzerland or abroad and participate in any company that is directly or indirectly related to its purpose. It may also grant loans or guarantees to shareholders or third parties if this promotes its interests.