Migros Bank AG

The company operates a bank within the meaning of the Federal Law on Banks and Savings Banks of November 8, 1934. It operates banking, financial, consulting, service and commercial transactions of all kinds, in particular: a) Acceptance of funds in all forms customary in banking, including Savings; b) Loans of funds, in particular granting of credits of all kinds with and without cover; c) providing sureties and guarantees; d) Purchase and sale of securities, other securities, foreign exchange, precious metals and foreign banknotes; e) Acquisition and placement of shares, bonds and other securities from domestic and foreign issuers; f) investment advice, asset management and fiduciary business; g) Custody and management of securities and valuables, rental of safe deposit boxes; h) Handling payment transactions, arranging letters of credit and handling debt collection transactions of all kinds; i) conducting own-account transactions related to the principal activity, such as investing and borrowing; j) other customary banking services. Within the scope of its corporate purpose, the company is entitled to found companies of all kinds, to participate in them, to take over their management and to provide services to third parties in joint ventures with them. It can acquire, develop, encumber and sell real estate at home and abroad or manage such real estate.