SB BERLIND SA

The company's purpose is to develop and market real estate properties, as well as to purchase, sell, broker and rent all types of real estate properties, except for operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE). The company may also contract any loan from banking institutions for the acquisition and development of properties. Furthermore, it may carry out all commercial, financial or other operations that are directly or indirectly related to its purpose and promote its development. It may also establish branches in Switzerland and abroad, take participations, found or finance companies that have a direct or indirect connection with its purpose. It may also grant loans or guarantees to shareholders or third parties.