SERENA ESTATE AG

The company's purpose is to acquire, hold, manage, exploit and dispose of real estate in Switzerland and abroad, provided that this does not fulfill the requirements of the Lex Koller Act, as well as to hold participations in listed and unlisted companies. The company may establish branches and subsidiaries and other legal entities in Switzerland and abroad, or invest in such entities, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage tangible and intangible assets. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for the liabilities of subsidiaries, other companies and third parties, and provide securities.