PRIMACASA SA

Any activity in the field of real estate, in particular the acquisition, sale, management, promotion, renovation of buildings as well as the acquisition, holding and disposal in Switzerland and/or abroad of financial participations of all kinds, directly or indirectly, as well as the financing of companies both in Switzerland and abroad and all convergent commercial or financial activities; the company may also acquire movable or immovable property related or unrelated to its purpose, in particular all acquisitions of buildings; it may create branches in Switzerland or abroad; it may also grant loans or guarantees to shareholders or third parties if it serves its interests.