TTI IDRAULICA SA

The purchase, rental, sale, including import-export, management of mechanical workshops, lifting equipment and any other plant and machinery for handling, tools, technical articles for industry and construction in general, provision of design, construction, assembly, processing and repair services for vehicles, machines and components for hydraulics and pneumatics, as well as their commercialization, including tools, technical articles for industry and construction in general, devices and related accessories and other materials for different economic sectors. The company may also carry out operations and provide representation, consulting and commercial brokerage services in these fields. The company may also acquire, sell, manage, receive and grant the use of technologies, technical know-how, industrial patents, trademarks, licenses and intellectual property rights in general, particularly in the aforementioned sectors. Furthermore, the company may acquire, encumber, manage, administer, lease and sell real estate in Switzerland and abroad, as well as participate in real estate companies and enterprises with headquarters and/or activities in Switzerland and abroad, in compliance with the applicable regulations. Any activity carried out in the real estate sector is not aimed at third parties but limited to real estate for its own account. The company may assume, on its own account and not in a fiduciary capacity, interests and participations in other industrial, commercial, financial and service companies in Switzerland or abroad, in the sector related to the company's purpose or in other sectors. Finally, the company may carry out all commercial, industrial and financial operations deemed necessary or useful and functionally connected with the company's purpose or aimed at achieving it, and open branches and subsidiaries in Switzerland and abroad.