CALADAN ADVISORY AG

The company's purpose is to provide consulting services in the financial and economic sectors, as well as related services. The company also aims to acquire, hold, manage and dispose of participations in Switzerland and abroad, for its own account or for the account of third parties, to conduct financial transactions for and to supervise such companies. The company may establish branches and subsidiaries, participate in companies with similar or related business areas and merge with such companies or acquire them. Furthermore, the company may acquire, encumber, sell and manage real estate.