ARPIMAR SA

Any activity in the field of real estate, in particular the purchase and sale of buildings, realization of promotions, brokerage, management, rental, construction and renovation of buildings, participation and management of companies active in the real estate sector, as well as any commercial or financial activity; the company may also carry out all operations suitable to promote its development and the achievement of its purpose; it may also create branches in Switzerland and abroad, take participations, found or finance companies having a direct or indirect relationship with its purpose; it may also grant loans or guarantees to shareholders or third parties if it serves its interests.