CALVEST SA

The company's purpose is to acquire, hold, sell, manage, broker, consult, develop, renovate and promote real estate in Switzerland and abroad, acquire, administer and manage participations in all real estate, commercial, financial, industrial and other companies in Switzerland and abroad. The company may establish branches in Switzerland or abroad or take any participation in other companies or merge with such companies, whose purpose is identical or similar to its purpose. It may grant loans or guarantees of any kind to third parties or its shareholders. The company may carry out all operations directly or indirectly related to its purpose or which are intended to facilitate the achievement of its purpose.