Pegase Stifruz SA

The acquisition, sale and management of real estate abroad. The company is authorized to acquire interests in any form in any company or corporation with an identical or similar purpose. The company is also authorized to achieve its purpose through the creation of new companies or corporations, through contributions, subscriptions or purchases of securities and participations or social rights, or even through mergers or associations. The company may, on its own account or on behalf of third parties, carry out all financial, commercial, industrial and securities transactions directly or indirectly connected with the purpose. Furthermore, the company may establish branches in Switzerland and abroad.