VTF SA

a) the purchase, except for operations prohibited by the LFAIE, sale, construction, renovation, operation, management and development in general of all or part of real estate, built or unbuilt; b) real estate brokerage and project management as well as financial, urban planning, architectural and construction consulting and assistance; c) all construction work in the field of real estate, civil engineering, excavation, demolition, concrete sawing and drilling, as well as all activities, of any nature, in the field of building; d) the purchase, sale, import, export, transformation and marketing in general of all products related to materials and construction; e) all commercial and financial operations (except those resulting from the mandate of financial intermediary within the meaning of Article 2, paragraph 3 of the Federal Law on Combating Money Laundering and Terrorist Financing (LBA), whether movable or immovable, except for operations prohibited by the LFAIE, directly or indirectly related to the purposes described above and likely to promote its social interests; f) the acquisition of interests in all Swiss or foreign companies pursuing identical or similar purposes, as well as the creation of branches; g) the granting of loans or advances to its shareholders or third parties, the guarantee of loans subscribed by shareholders or third parties, the guarantee of such loans by the issuance or pledge of mortgage securities or other securities, as well as the subscription of any other financial commitment. The company may carry out its activities both in Switzerland and abroad.