THE METROPOLITAN AG

The company's purpose is to buy and sell, manage, administer and broker real estate, develop, plan and realize new and renovation projects of all kinds, construct new and renovation projects as a general contractor on its own account or on behalf of third parties, and make investments to build assets. The company may establish branches and subsidiaries in Switzerland and abroad, participate in other companies in Switzerland and abroad, and conduct all business that is directly or indirectly related to its purpose. The company may acquire, encumber, sell and manage real estate in Switzerland and abroad. It may also provide financing for its own account or on behalf of third parties, as well as provide guarantees and sureties for subsidiaries and third parties.