MD Gestion & Conseil SA

Except for operations prohibited by the Federal Act on the Acquisition of Real Estate by Foreigners (LFAIE), the company's purpose is: a) the administration and management of all assets; b) financial and administrative consulting and services; c) the acquisition, management and promotion of real estate; d) the trade and distribution of all products. The company may also: engage in all financial, commercial or industrial activities, whether movable or immovable, directly or indirectly related to its purpose; establish branches or subsidiaries in Switzerland and abroad; participate in all companies having a direct or indirect relationship with its purpose; grant loans or guarantees to shareholders or third parties if it serves its interests.