SOVAROS SA

The Company's purpose is the management and administration of all real estate and personal property, as well as the acquisition, construction, operation and eventual resale of all buildings located in Switzerland or abroad, and the provision of all services in these areas, except for operations prohibited by the LFAIE. The company may engage in any financial, commercial and industrial activity directly or indirectly related to its purpose; create branches or subsidiaries in Switzerland and abroad; participate in all enterprises having a direct or indirect connection with its purpose; grant loans or guarantees to shareholders or third parties, if it serves its interests.