VALORITIS SA

The company's purpose, both in Switzerland and abroad, is: real estate transaction activities; any consulting, as well as the purchase and resale of all assets, mainly in the field of real estate; the purchase, sale, administration, and management of all participations; with the specification that the real estate assets acquired in Switzerland, directly or indirectly, will have an exclusively commercial use. The company may, in addition, carry out all financial, commercial, or industrial activities, whether movable or immovable, directly or indirectly related to its purpose; create branches or subsidiaries in Switzerland or abroad. It may grant loans or guarantees to shareholders or third parties if it serves its interests.