Zenil Holding SA

To acquire minority and majority stakes in all commercial, industrial or financial companies in Switzerland and abroad; to carry out all financial, movable or immovable transactions directly or indirectly related to its purpose or likely to facilitate its realization or expansion; to issue guarantees and/or pledge assets in favor of its subsidiaries; to take an interest, by way of contribution, merger, subscription, participation or otherwise, in all existing or to be created companies or enterprises abroad whose purpose would be analogous to its own.