DES-ARCH development SA

The purpose of the company is: all activities related to the acquisition, holding, management, participation and administration of all companies and enterprises in Switzerland and abroad, with the specification that the company may only hold, in Switzerland, participations in commercial real estate companies. Furthermore, it may carry out, either on its own account or on behalf of third parties, all financial, commercial, movable or immovable transactions directly or indirectly related to its corporate purpose and may be interested, in any form, in similar enterprises, in particular by participating in similar enterprises. The company may also establish branches and subsidiaries in Switzerland and abroad. It may also grant loans or guarantees to shareholders or third parties if it serves its interests.