INCREDO AG

The company's purpose is to acquire, manage and dispose of participations in domestic and foreign companies, as well as to finance them. The company may also engage in trade with goods of all kinds in Switzerland and abroad. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or for the account of third parties, and grant securities for liabilities of affiliated companies.