Sogerad SA

on its own account or on behalf of third parties, all transactions involving securities, real estate, finance, commerce or other activities, including in particular the administration, acquisition and sale of participations in all companies, the representation and management, in the broadest sense, of the rights or interests of third parties, notably as trustee, fiduciary or administrator, and this, both in Switzerland and abroad. The company will not solicit the public to obtain deposits of funds and will not carry out any transactions in the canton of Geneva.