Steinel Immobilien AG

The company's purpose is to hold, manage, purchase and sell real estate in Switzerland and abroad. The company may participate in real estate projects in Switzerland and abroad. The company may grant loans or other financing to its direct and indirect parent companies as well as their direct and indirect subsidiary companies, either for consideration or free of charge, and provide security of any kind for the liabilities of such other companies, including by way of pledges or fiduciary transfers of the company's assets or by way of guarantees of any kind. The company may establish branches in Switzerland and abroad, establish, participate in or merge with similar or related businesses, and in general conduct any business that is suitable to promote or facilitate the development of the company and the achievement of its purpose.