Villars Holding S.A.

Villars Holding SA is a Switzerland-based group of companies specializing in three sectors: retail, gastronomy and real estate management. The retail sector operates through Restoshop SA, engaged in the operation of food and convenience stores, and gas stations located on highways in Switzerland; Alvi-Shop SA, which works in partnership with Alimentana Sista Holding and operates Aperto shops, as well as Arte Panis, engaged in the bakery and confectionery. In gastronomy sector it operates Pause-Cafe SA, which manages Pause Cafe and Xpresso-Cafe bars, located in commercial shopping centers in Switzerland. The Company's real estate activities are managed by Villars-Perrier SA, Parvico SA, Fonciere du Centre Payerne SA, Fribourg-Centre B and Parc de la Fonderie.