Subsidiaries

Falcon Fund Management (Luxemburg)
19, rue de Bitbourg
L-1273 Luxemburg

Falcon Portfolio Management Ltd.
Pelikanstrasse 37
Postfach 1376
CH-8021 Zurich, Switzerland
Telephone +41 44 227 52 00
Fax +41 44 227 52 01

IFS Independent Financial Services AG
Grafenauweg 8
CH-6300 Zug, Switzerland
Telephone +41 41 724 68 00
Fax +41 41 724 68 01
www.ifsag.ch