2 ACE Holding SA

The company's purpose is to acquire and manage participations in all companies in Switzerland and abroad. It may acquire or establish similar or related companies and carry out all operations or functions that are intended to develop the company's purpose or have a direct or indirect connection with its object. The company may grant loans to its shareholders or third parties, guarantee loans subscribed by its shareholders or third parties, secure these loans by issuing or pledging mortgage securities or by subscribing to any other financial commitment, and pledge its assets to secure any claim.