SPAP Investment SA

The sale, marketing, administration, management, development and purchase of real estate for its own account or for the account of third parties, as well as the construction or transformation of buildings of all kinds, in Switzerland or abroad. The company may also establish branches in Switzerland and abroad and grant loans to its shareholders or to third parties if it serves its interests, participate in any companies, acquire or create such companies, carry out all financial, commercial or industrial, movable or immovable transactions that have a direct or indirect connection with its purpose.