BEAROL AG

Acquiring, encumbering, selling and managing real estate in Switzerland and abroad, as well as holding, purchasing, selling and managing participations. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. It may also provide financing for its own account or for the account of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.