RETSLE AG

The management and increase of family wealth; this includes the purchase and sale of shares in companies in Switzerland and abroad; the purpose also includes direct management in the companies involved. The company may establish branches and subsidiaries in Switzerland and abroad, may participate in other companies or firms in Switzerland and abroad as well as carry out all activities that are directly or indirectly related to the purpose of the company. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing on its own account or on behalf of third parties and provide guarantees for the debts of the companies involved.