Hess Real Estates AG

The company's purpose is to acquire, hold, develop, rent and sell real estate. The company may conduct all business that is directly or indirectly related to the company's purpose or is suitable for promoting it. In particular, it is also authorized to acquire and sell real estate as well as works of art. It may enter into loans, bonds or other types of debt within the scope of the company's purpose. The company may establish branches in Switzerland and abroad, participate in other companies in Switzerland and abroad, acquire similar or related companies or merge with them. The company may provide direct or indirect financing to third parties, including direct or indirect shareholders of the company or companies in which they are involved, either through loans or other financing or by providing security of any kind, whether against payment or not.