ALGICO AG

The company's purpose is to acquire, manage and dispose of participations in Switzerland and abroad, for its own account or for the account of third parties, to carry out financial transactions for and to supervise such companies. The company is authorized to grant loans and issue guarantees, also to shareholders and related parties, as well as to conduct all business that is directly or indirectly related to this purpose or is suitable to promote it. The company may establish branches and subsidiaries, participate in companies with similar or similar business areas, merge with such companies or acquire them. Furthermore, the company may acquire, encumber, sell and manage real estate.