SIM INVESTMENTS S.A., Strassen, succursale de Lausanne

Participations in other Luxembourg or foreign companies, management, control and development of participations, holding, operation, development, sale or rental of properties, land and others, located in Luxembourg or abroad, except in Switzerland, as well as the financial, securities and real estate transactions related thereto; to take an interest in securities, treasury certificates and other forms of investment, to acquire them by purchase, subscription or other means, to sell or exchange them; to participate in the establishment and development of industrial or commercial companies and to provide assistance to such companies through loans, advances, guarantees or otherwise; to lend or borrow with or without interest, to issue bonds and other debt securities; to take measures to safeguard its rights and to carry out commercial, industrial, financial, securities or real estate transactions in Luxembourg and abroad (except in Switzerland for real estate) related thereto.