Rolex Holding SA

to acquire participations, both in Switzerland and abroad, in companies, organizations or institutions specialized in the trade of watches and all articles or accessories of watchmaking; to acquire financial participations in any form in Swiss or foreign companies; Furthermore, it may: carry out, either on its own account or on behalf of third parties, all commercial, movable, real estate and financial transactions, in direct or indirect relation with the aforementioned objects, in any form whatsoever; grant loans or guarantees to shareholders, related entities or third parties.