VILLA CARINTHIA SA

The acquisition and management of participations in all companies, both in Switzerland and abroad, and their financing in any form whatsoever. It may carry out all activities in the field of real estate, including the purchase, sale, investment, promotion, exploitation and rental of all real estate, as well as the operation of commercial arcades, apartment hotels and commercial buildings. Furthermore, it may carry out, either on its own account or on behalf of third parties, all financial, commercial, movable or immovable transactions directly or indirectly related to its corporate purpose and may be interested, in any form, in all companies having a direct or indirect relationship with its corporate purpose.