DACLAS SA

The purchase and sale of real estate, intended exclusively for permanent business establishments, their management and administration, the construction of buildings of this nature on own and third-party land, anywhere located, their constitution into co-ownership units, the purchase, sale or rental of such co-ownership units. The company may also participate in other companies with a similar purpose in Switzerland and abroad. The company may also conclude all transactions suitable to promote the business and achieve the company's purpose. The company may open branches and/or subsidiaries in Switzerland and abroad.