AURIEL SA

The company's purpose is to carry out all real estate transactions, both on its own account and on behalf of third parties, such as buying, building, renting, transforming, selling, brokering and managing properties, as well as acquiring and managing participations in all companies. The company may also conduct all commercial, financial or securities transactions; take participations in other companies; in general, carry out all operations having a direct or indirect connection with the company's purpose in Switzerland and abroad. The company may have subsidiaries or establish branches in Switzerland and abroad. It may grant loans or guarantees to shareholders or third parties in the interest of the company.