ELYL SA

The company's purpose is all real estate operations, namely the acquisition, administration, construction, management, and sale of real estate, excluding all operations subject to the LFAIE, as well as teaching and instructing courses in the real estate field. The company may establish branches and subsidiaries in Switzerland and abroad and take participations in other companies in Switzerland and abroad as well as carry out all operations that are directly or indirectly related to its corporate purpose. The company may acquire, mortgage, sell, and manage real estate. It may undertake financing on its own account or on behalf of third parties as well as grant guarantees and securities to its subsidiaries and to third parties.