Foundation Articles of Association (Statutes)

Articles of Association of the PATRIZIA Children Foundation under the administration of PATRIZIA KinderHaus – Wolfgang Egger Foundation for children and young people all over the world, Fuggerstraße 26, 86150 Augsburg

Preamble

Mr Wolfgang Egger is already a donor to the PATRIZIA KinderHaus – Wolfgang Egger Foundation for children and young people all over the world and would like to fund a project with the dependent PATRIZIA Children Foundation, which is to be managed by the PATRIZIA KinderHaus – Wolfgang Egger Foundation for children and young people all over the world.

§ 1 Name, Legal Structure

1.1 The Foundation shall bear the name “PATRIZIA Children Foundation”

1.2 It is a dependent foundation under the administration of the PATRIZIA KinderHaus – Wolfgang Egger Foundation for children and young people all over the world and will be represented by the latter in legal and business relations.

§ 2 Purpose of the Foundation

2.1 The purpose of the Foundation is to advance the care and welfare of children and young people in the areas of education and training, upbringing and educational support, health and rehabilitation. The Foundation provides assistance in cases of social hardship and in emergencies caused by disasters or the effects of war. It supports projects relating to art, culture and science, research and technology, development aid and refugee aid for the benefit of children and young people, as well as people in need all over the world. Its purpose is also to support employees of the PATRIZIA group of companies and their families who find themselves in difficult social circumstances due to a serious illness, misfortune or accident and who fulfil the requirements for charity within the meaning of Section 53 of the German Tax Code.

2.2 In particular, the purpose of the Foundation is fulfilled through (defined) projects both in Germany and abroad

2.3 The Foundation shall exclusively and directly serve public-benefit and/or charitable purposes within the meaning of the “Tax-privileged purposes” chapter of the German Tax Code.

2.4 The Foundation shall act altruistically; it shall not primarily serve its own economic purposes. The Foundation’s funds may be used only for the purposes set out in the Articles of Association. The donor and his heirs shall not receive any contributions from the Foundation’s funds. No person may benefit from expenditures unrelated to the purpose of the Foundation or from disproportionately high levels of donations.

§ 3 Foundation Assets

3.1 The Foundation will be endowed with the initial assets made evident in the foundation deed. The endowed assets are to be managed separately from the other assets of the PATRIZIA KinderHaus – Wolfgang Egger Foundation for children and young people all over the world.

3.2 The Foundation shall fulfil its purpose using income from the Foundation’s assets and from donations that are not expressly designated to increase the Foundation’s assets. Excluded are the creation of reserves or allocations to the Foundation’s assets according to section 62 paragraph 1 (3) of the German Tax Code.

3.3 The Foundation is entitled to receive donations. All donations that are designated to this end will accrue to the Foundation’s assets (endowment contributions).

3.4 As permitted under tax law, the Foundation can use funds from another tax-privileged corporation or legal person under public law for the purpose of asset building.

§ 4 Adjustment of the Foundation to Changed Circumstances and Termination

4.1 Should circumstances change in such a manner that the Foundation’s Governing Board of the PATRIZIA KinderHaus – Wolfgang Egger Foundation for children and young people all over the world no longer considers the ongoing and long-term fulfilment of the Foundation’s purpose meaningful, the Foundation may adopt a new purpose.

4.2 The Managing Board members of the PATRIZIA KinderHaus – Wolfgang Egger Foundation for children and young people all over the world and the donor can decide together to terminate the Foundation when circumstances mean that the ongoing and long-term fulfilment of the Foundation’s purpose is no longer meaningful.

§ 5 Change of Carrier

In the case of termination, insolvency, or a serious violation of duty by the Foundation’s carrier, the Foundation Governing Board of the PATRIZIA KinderHaus – Wolfgang Egger Foundation for children and young people all over the world can decide to continue the Foundation with another carrier or as an independent foundation.

§ 6 Accession

In the case of termination or dissolution of the Foundation or the cessation of tax-privileged purposes, the assets of the Foundation shall go to the PATRIZIA KinderHaus – Wolfgang Egger Foundation for children and young people all over the world, who shall immediately and exclusively use them for public benefit, charitable or religious purposes.

§ 7 Position of the Tax Authorities

Decisions about changes to the Articles of Association, the termination the Foundation and the continuation of the dependent foundation under German civil law must be reported to the responsible tax authorities. A declaration of no objection must be received from the tax authorities for changes to the Articles of Association that affect the Foundation’s purpose.