PAMI IMMO AG

The company's purpose is to acquire, hold, manage and sell participations in companies, in particular those active in the real estate and construction industry. Furthermore, the company aims to import, export and trade goods of all kinds, as well as provide related services. The company may establish branches and subsidiaries in Switzerland and abroad, and participate in other companies in Switzerland and abroad. In addition, the company is authorized to carry out all activities that are related to the main purpose of the company or are suitable for promoting it. The company may acquire, encumber, sell and manage real estate. It may also provide financing for its own account or for the account of third parties, and grant securities for liabilities of affiliated companies.