TIMBRO INTERNATIONAL SA

To carry out all commercial operations for its own account or for the account of third parties, in particular the trade in products in general, including agricultural raw materials, metals and minerals, oil (diesel, gasoline and other petroleum products), ferrous and non-ferrous metals as well as to provide services. The company may engage in all activities that are directly or indirectly related to its purposes. The company may hold participations in other companies and register branches and subsidiaries in Switzerland and abroad. The company may provide securities and issue guarantees, among others for the direct or indirect benefit of affiliated companies, and lend and borrow funds, among others to or from affiliated companies.