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.LUMDWXLVWD LGHRLVWD PXVLLNNLLQ 7lVVl U\KPlQ YDLKHHVVD WHHPDD NlVLWHOOllQ PXVLLNLQ NDXWWD 7lOODLVHVWD WRLPLQWDPXRGRVWD K\|W\\ HQLWHQ VHOODLQHQ RVDOOLVWXMD MROOD RQ PXVLNDDOLVWD ODKMDNNXXWWD 5\KPlOlLVLl YRL S\\Wll NXXQWHOHPDDQ PXVLLNNLD K\YLQ PRQHOOD HUL WDYDOOD NXWHQ VLOPlW NLLQQL WDL KHLWl YRL P\|V S\\Wll SLLUWlPllQ PXVLLNLQ WXRPLD PLHOLNXYLD MD WXQWHLWD 5\K PlOlLVLl YRL P\|V S\\Wll SLLUWlPllQ WDL NHUWRPDDQ PLWl PXVLLNNL VDL KHLGlW QlNHPllQ WXQWHPDDQ WDL PXLVWDPDDQ /HYLQH 0DGRUL 0XVLLNNL YRL KHWNHOOLVHVWL YlKHQWll GHPHQWLDSRWLODDQ OHYRWWRPXXWWD VHNl SDUDQWDD YLUH\VWLODD NRPPXQLNDDWLRWD MD YXRURYDLNXWXVWD /DDNNR .LUMDWXLVWD LGHRLVWD PXVLLNNLLQ ¾ 1RVWD DLKHHNVL WLHW\Q DMDQMDNVRQ PXVLLNNL 8VHLPPDW RVDOOLVWXMDW RYDW V\QW\QHHW OXYXLOOD MRWHQ YDOPLVWDXGX VLLKHQ HWWl HVLOOH QRXVHH YDUVLQNLQ KHLGlQ QXRUXXWHQVD PXVLLNNL ¾ 2WD SHUXVWDNVL P\|V KHQNLO|NRKWDLVHW PXVLLNNLPLHOW\P\NVHW ¾ 7LHW\W NDSSDOHHW YRLYDW WXRGD PLHOHHQ WLHWW\Ml LKPLVLl DLNRMD MD SDLNNRMD ¾ .RNRQDLQHQ WHHPD YRL SHUXVWXD PXVLLNNLLQ \OHLVHVWL WDL PllUlWW\\Q DUWLVWLLQ ¾ 0XVLLNNL LQVWUXPHQWWLHQ YDOPLVWDPLQHQ 7lOODLQHQ YRL ROOD KDXVND KDQNH MRND WXR RVDOOLVWXMLOOH KHQNLO|NRKWDLVWD PLHOLK\Yll MD VDDYXWWDPLVHQ WXQQHWWD ¾ ,QVWUXPHQWWHMD YRLGDDQ YDOPLVWDD KHOSRVWL HVLPHUNLNVL NHLWWL|VWl O|\W\YLVWl PDWHULDDOHLVWD PP HULNRNRLVHW SXUNLW MD NXLYD WXRWWHHW VDDYDW DLNDD HULODLVLD llQLl ¾ 0XVLLNNLLQ YRLGDDQ \KGLVWll P\|V ODXODPLQHQ ¾ 5DNHQQHWWXMD LQVWUXPHQWWHMD YRLGDDQ Nl\WWll ODXOXQ U\WPLWWlPLVHHQ ¾ .LUMDD NRNHPXNVLD MD NHVNXVWHOXQ DYDLQVDQRMD PXLVWLLQ ¾ 2WD WDSDDPLVHVWD YDORNXYLD


.XYD PRUJXHILOH FRP DUFKLYH


0XVLLNLQ PLHOLNXYDW NXYDNVL 7lVVl YDLKHHVVD WHHPDDQ OLLWW\YlW PXVLLNLQ PLHOHHQ QRVWDPDW PLHOL NXYDW MD PXLVWRW MRWND OXRGDDQ NXYLNVL SLLUWlPlOOl PDDODDPDOOD MD YDLNND NROODDVHMD NRNRDPDOOD 0XVLLNNLD YRL WlVVl YDLKHHVVD Nl\WWll P\|V DSXQD 7lOODLVHVWD WHHPDQ NlVLWWHO\PXRGRVWD K\|W\\ HQLWHQ RVDOOLVWXMD MROOD RQ K\Yl YLVXDDOLQHQ KDKPRWWDPLVN\N\ /HYLQH 0DGRUL MD 2KMDDMDQ WXOHH RWWDD KXRPLRRQ HWWl PRQHOOD YDQKXNVHOOD RQ K\YLQ YlKlQ WDL HL \KWllQ NRNHPXVWD SLLUWlPLVHVWl 7DLWHHQ WHNHPLQHQ RQ DLQD KHQNLO|NRKWDLQHQ SURVHVVL 2VDOOLVWXMLHQ HL WDUYLWVH ROOD WDLWHLOL MRLWD SLLUWllNVHHQ WDL PDDODWDNVHHQ -RNDLVHOOH RVDOOLVWXMDOOH RQ P\|V DQQHWWDYD PDKGROOLVXXV MDNDD WDL ROOD MDNDPDWWD RPDD WXRWRVWDDQ PXLGHQ NDQVVD 7\|W YRLYDW ROOD KHLOOH K\YLQNLQ KHQNLO|NRKWDLVLD MD VLNVL WlWl WRLYHWWD RQ V\\Wl NXQQLRLWWDD /HYLQH 0DGRUL 0XVLLNLQ PLHOLNXYDW NXYDNVL ¾ 1RVWD DLKHHNVL PLNl WDKDQVD PXVLLNLVWD QRXVHYD NXYD MD UDNHQQD WRLPLQQDQ VLVlOW|l VHQ SRKMDOWD ¾ -RV VRLWHWWDYD PXVLLNNL OLLWW\\ HVLP HOlLPLLQ RVDOOLVWXMDW YRLYDW PDDODWD YLLGDNNRD HVLWWlYLl NXYLD WDL NRWLHOlLPLLQ OLLWW\YLl KDKPRMD ¾ +\|G\QQl WLODQWHHVVD VLWl HWWl RVDOOLVWXMDW S\VW\YlW HGHOOHHQ WRLPLPDDQ VRVLDDOLVHVWL DNWLLYLVHOOD WDYDOOD MD YDVWDDQRWWDYDLVHVWL .\V\ N\VP\NVLl MDWNXYDVWL ¾ -RV PXVLLNLVWD V\QW\\ XVHLWD NXYLD Nl\Wl QLLWl NROODDVHLVVD NDDYLRLVVD WDL PDLVHPDQD PXLVVD WXRWRNVLVVD ¾ <NVL PDKGROOLVXXV RQ P\|V OHLNDWD HVLPHUNLNVL OHKGLVWl NXYLD MD S\\Wll RVDOOLVWXMLD WHNHPllQ QLLVWl NROODDVLQ ¾ -RLGHQNLQ RVDOOLVWXMLHQ NRKGDOOD YRL ROOD K\|G\OOLVWl HWWl RKMDDMD DORLWWDD SLLUXVWXVWD MD S\\Wll VLWWHQ RVDOOLVWXMDD MDWNDPDDQ VLWl ¾ .LUMDD RVDOOLVWXMLHQ NHVNXVWHOXLVWD DYDLQVDQRMD PXLVWLLQ RWD YDORNXYLD WDSDDPLVHVWD


.XYDW PRUJXHILOH FRP DUFKLYH


.XYDVWD YHLVWRNVHNVL 9HLVWRNVLD YRLGDDQ WHKGl VDYHVWD LWVHVWllQ NRYHWWXYDVWD PDVVDVWD O|\W|HVLQHLVWl WDL YDLNND SDSHULPDVVDVWD 7lOOl WDYRLQ DLKHHOOH VDDGDDQ NROPLXORWWHLQHQ PXRWR 0XVLLNLQ Nl\WWlPLQHQ DSXQD WlVVlNLQ YDLKHHV VD YRL ROOD K\|G\OOLVWl .HVNXVWHOOHVVD U\KPlOlLVWHQ NDQVVD KHLGlQ W|LVWllQ RKMDDMDQ NDQQDWWDD QRVWDD HVLOOH W|LGHQ VDPDQNDOWDLVLD HOHPHQWWHMl NXWHQ HVLPHUNLNVL YlULW WDL HVLQHHW MD NDQQXVWDD U\KPl OlLVLl SXKXPDDQ DVLDVWD WRLVWHQVD NDQVVD 2KMDDMDQ URROL RQ NXXQQHOOD MD HVLWWll N\V\P\NVLl MRWND WDDV MDWNDYDW NHVNXVWHOXD /HYLQH 0DGRUL .XYDVWD YHLVWRNVHNVL ¾ 1RVWD YHLVWRNVHQ DLKHHNVL PXVLLNLQ DLNDDQVDDPLD PDDODXNVLD WDL NXYLD WDL WXWWXMD MRNDSlLYlLVHQ HOlPlQ NXYLD ¾ +\|G\QQl YHLVWRVWHQ PDOOLQD NXNNLD NRULVWH HVLQHLWl KHGHOPlNXOKRMD WDL LQWHUQHWLVWl PXVLLNLQ DLKHHVHHQ OLLWW\YLl WXORVWHWWXMD NXYLD MQH ¾ 2VDOOLVWXMDW YRLYDW WHKGl YHLVWRNVHQD PLVWl WDKDQVD K\YLQ PXRWRXWXYDVWD PDWHULDDOLVWD PP SDSHULPDVVDVWD MD OLLPDVWD VDYHVWD VDPPDOHHVWD KLHNDVWD MD OLLPDVWD YDOPLLVWD SXXKDPDVVDVWD WDLNDWDLNLQDVWD WDL UDXWDODQJDVWD ¾ 9HLVWRNVLD V\QW\\ P\|V K\|W\Nl\W|VWl SRLVWHWXLVWD PDWHULDDOHLVWD PXRYLVWD PHWDOOLSXUNHLVWD SXXVWD MQH ¾ (VLPHUNLNVL MRV RVDOOLVWXMD RQ SLLUWlQ\W PXVLLNLVWD NXNNLD QLLQ KlQ YRL WHKGl YHLVWRNVHQD NXNLOOH YDDVLQ MD VLWWHQ NXNDW VLLKHQ ¾ 9HLVWRNVHW YRLGDDQ P\|V PDDODWD RVDOOLVWXMLHQ KDOXDPLOOD YlUHLOOl ¾ 9HLVWRNVLD UDNHQQHWWDHVVD Nl\GllQ HGHOOHHQ PRQLSXROLVWD NHVNXVWHOXD RVDOOLVWXMLHQ NDQVVD ¾ .\V\ SDOMRQ N\V\P\NVLl MD NLUMRLWD \O|V RVDOOLVWXMLHQ NRPPHQWWHMD VHXUDDYDD WDSDKWXPDD YDUWHQ ¾ 2WD YDORNXYLD WDSDDPLVHVWD


.XYDW PRUJXHILOH FRP DUFKLYH


9HLVWRNVHVWD OLLNNHHNVL 7lVVl YDLKHHVVD WHHPDD OlKHVW\WllQ PXVLLNLQ OLLNNHHQ MD WDQVVLQ NDXWWD 7lOODLVHVWD OLLNXQQDOOLVHVWD WHHPDVWD K\|W\\ HQLWHQ RVDOOLVWXMD MRND VLVlLVWll DVLDW OLLNNHHQ DYXOOD 5\KPlOlLVLOOH YRLGDDQ DQWDD HUL ODLVLD PLHOLNXYLD PLHWLWWlYlNVL MRWWD KHLGlQ ROLVL KHOSRPSL HOl\W\l WHNHPLVHHQVl +HLWl YRL HVLPHUNLNVL NHKRWWDD OLLNHKWLPllQ NXLQ WXXOHVVD KXRMXYD SXX /LLNNXPLQHQ PDKGROOLVWDD VDPDQODLVWHQ WXQWHL GHQ MD NRNHPXVWHQ MDNDPLVHQ 6H P\|V DXWWDD OXRPDDQ UHQQRQ MD WXUYDOOLVHQ U\KPlNRNHPXNVHQ /HYLQH 0DGRUL MD 9HLVWRNVHVWD OLLNNHHNVL ¾ 1RVWD YHLVWRVDLKHWWD HVLOOH OLLNXQQDOOD ¾ -RV RVDOOLVWXMDW YHLVWLYlW NXNNLD QLLQ OLLNXWD RVDOOLVWXMLD HVLPHUNLNVL NXNNLHQ KXRMXQQDQ PXNDDQ WDL PLNl RQ SLVLQ NXNND MROORLQ RVDOOLVWXMDW NXUNRWWDYDW NlVLOOllQ ¾ 0\|V WDQVVLPLQHQ NXNND PHWVl PHUL MQH DLKHLVHQ PXVLLNLQ WDKGLVVD VDD YHLVWRNVHW HOlPllQ ¾ 0RQHOOH YDQKXNVHOOH WDQVVL KHUlWWll K\YLQNLQ YRLPDNNDLWD PXLVWRMD QXRUXXGHVWD ¾ /LLNNXPLVWD YRL HOlY|LWWll HULODLVHOOD UHNYLVLLWDOOD DSXYlOLQHLOOl VRLWWLPLOOD SDOORLOOD KXLYHLOOD \PV ¾ 9HLVWRNVHW YRLGDDQ P\|V Ql\WHOOl RPDOOD NHKROOD ¾ 7DQVVLOLLNNHLVLLQ YRLGDDQ WXRGD P\|V MRWDLQ XXWWD RSHWWHOHPDOOD XXVLD HULODLVLD WDQVVHMD ¾ 7DL OLLNNHHVWl YRL WHKGl XXGHQ \KWHLVHQ RPDQ WDQVVLQ ¾ /LLNNHLGHQ \KWH\GHVVl Nl\GllQ NHVNXVWHOXD VLLWl PLWl WXQWHLWD MD PXLVWRMD QH RVDOOLVWXMLVVD KHUlWWlYlW ¾ .LUMDWDDQ PXLVWLLQ RVDOOLVWXMLHQ NRPPHQWLW VHXUDDYLD WDSDDPLVLD YDUWHQ ¾ 2WD YDORNXYLD WDSDDPLVHVWD


.XYDW PRUJ\HILOH FRP DUFKLYH


/LLNNHHVWl VDQRLNVL /LLNNHHVWl VDQRLNVL WHHPDD NlVLWHOOllQ UXQRMHQ NLUMRLWWDPLVHQ WDUL QRLGHQ WHNHPLVHQ WDL QLLGHQ NHUWRPLVHQ NDXWWD 7lOODLVHVWD WRLPLQWD PXRGRVWD K\|W\\ NLHOHOOLVWl NDXWWD DVLDW KDKPRWWDYD 7lVVl YDLKHHVVD RQ V\\Wl NLLQQLWWll HULW\LVWl KXRPLRWD RVDOOLVWXMLHQ WDLWRLKLQ 2VD U\KPlOlLVLVWl YRL NLUMRLWWDD LWVH RVD WDDV YRL NXXQQHOOD PXLGHQ WDUL QRLWD <NVL WDSD NlVLWHOOl DLKHWWD RQ S\\Wll NDLNNLD U\KPlQ MlVHQLl NLUMRLWWDPDDQ SDSHULOOH DLKHDOXHHVHHQ OLLWW\YLl VDQRMD MD NHUWRPDDQ VLWWHQ PXLOOH HVLPHUNLNVL NROPH QLLVWl LWVHOOHHQ PLHOXLVLQWD 1lLGHQ VDQRMHQ SRKMDOWD YRLGDDQ NLUMRLWWDD \KGHVVl HVLPHUNLNVL UXQR WDL KDLNX /HYLQH 0DGRUL MD /LLNNHHVWl VDQRLNVL ¾ 1RVWD DLKHWWD VDQRMHQ WXQWHLGHQ MD VDQRQWRMHQ DYXOOD ¾ 2VDOOLVWXMLD S\\GHWllQ HVLPHUNLNVL NDWVRPDDQ MRNLQ OLLNXQWD XUKHLOXWDSDKWXPDDQ OLLWW\Yl YLGHR HORNXYD MD VHQ MlONHHQ NHVNXVWHOODDQ VLLWl PLOODLVLD DMDWXNVLD VH KHLVVl KHUlWWL ¾ .HVNXVWHOXVWD NLUMRLWHWDDQ \KWHLQHQ WDULQD ¾ 2KMDDMD YRL YDOPLVWHOOD WDSDDPLVWD P\|V HWXNlWHHQ HWVLPlOOl YDQKRMD OLLNNHHVHHQ OLLWW\YLl VDQRQWRMD MD OXNHD QH U\KPlOlLVLOOH MRWND WDDV WXRWWDYDW NRPPHQWHLOODDQ XXWWD WDULQDD ¾ 7DULQDD OLLNNHHVWl YRLGDDQ UDNHQWDD P\|V YDQKRLVWD NXONXQHXYRLVWD Ql\WHWWlYLHQ NXYLHQ DYXOOD ¾ /LLNXQWD WDQVVLQ PXRGRVVD KHUlWWll XVHLPPLVVD RVDOOLVWXMLVVD PXLVWRMD RPDVWD QXRUXXGHVWD MRWHQ WDULQD YRL V\QW\l DLKHHOOD µ6LWl WDQVVLUHLVVXD HQ XQRKGDµ WDL µ6HQ WDQVVLUHLVVXQ KDOXDLVLQ XQRKWDDµ ¾ 7DULQDVWD YRLGDDQ WHKGl P\|V MDWNRNHUWRPXV WHHPRLWWDPDOOD VH XXVLOOD DLKHLOOD HVLPHUNLNVL µ/LLNXQWDWXQWLHQ WXVNDDµ µ/LLNXQWD MRKRQ NDVYRLQ NLLQQLµ MQH ¾ 5XQVDV NXYLHQ Nl\WW| DXWWDD NHVNXVWHOXXQ ¾ 7DULQD W YRLGDDQ P\|V MXONDLVWD MD NHUWRD VRSLYDVVD \KWH\GHVVl MXONLVHVWL 2WD YDORNXYLD WDSDDPLVHVWD


.XYD ZZZ SLNNXNRNNL IL


6DQRLVWD DMDWXNVLD KHUlWWlYlNVL UXXDNVL 5XRND NXXOXX MRNDLVHHQ NXOWWXXULLQ ,KPLVWHQ VRVLDDOLQHQ NDQVVDNl\ PLQHQ MD UXRND OLQNLWW\YlW YDKYDVWL \KWHHQ 5XRNDDQ OLLWW\\ YDKYRMD WXQWHLWD MD PXLVWRMD HVLPHUNLNVL ORPLVWD MD MXKOLVWD 5XRND lUV\WWll PRQLD DLVWHMD 7lVVl WHHPDVVD lUV\NNHLWl VDDYDW PDNX WXQWR KDMX QlN| MD NXXOR 7lOODLVHVWD WHHPDQ NlVLWWHO\PXRGRVWD RQ HQLWHQ K\|W\l NHOHOOLVWl NDXWWD DVLDW KDKPRWWDYDOOH 7HHPDD YRLGDDQ NlVLWHOOl MDND PDOOD UHVHSWHMl YDOPLVWDPDOOD UXRNDD WDL WXWNLPDOOD HULODLVLD UXRND DLQHLWD 0XNDDQ YRL RWWDD P\|V HULODLVLD WHKWlYLl NXWHQ HVLPHUNLNVL UXRND DLQHLGHQ ODVNHPLQHQ 9DLNND U\KPlOlLVHW WXOLVLYDWNLQ K\YLQ HULODLVLVWD OlKW|NRKGLVWD RQ UXRND \OHHQVl VHOODLQHQ DLKH PLVWl NDLNLOOD ULLWWll SXKXWWDYDD /HYLQH 0DGRUL MD 6DQRLVWD DMDWXNVLD KHUlWWlYlNVL UXXDNVL ¾ 1RVWD DLKHWWD UXQRLVWD WDULQRLVWD V\QW\QHLGHQ DMDWXVWHQ DYXOOD ¾ 2VDOOLVWXMDW YRLYDW SRKWLD PLWl UXRNLD WDULQRLVWD WXOHH PLHOHHQ MD QLLWl UXRNLD YRLGDDQ WHKGl \KGHVVl ¾ $LKHHVHHQ YRLGDDQ OLLWWll P\|V HOLQWDUYLNNHLGHQ WXQQLVWDPLVWD HVLPHUNLNVL VRNNRWHVWLQl PXRWRMD KDMXMD PDNXMD WXQQLVWDPDOOD ¾ 7DL UXRLVWD YRLGDDQ WHKGl VXRVLNNLPHQX MRND YRLGDDQ WRWHXWWDD HVLPHUNLNVL SDOYHOXWDORVVD PLNlOL RVDOOLVWXMDW RYDW SDOYHOXWDORQ DVXNNDLWD ¾ 2XGRW UXRDW MD PDXW VDDYDW P\|V NHVNXVWHOXD DLNDDQ ¾ 7DQVVLWDULQRLWD YRLGDDQ \KGLVWll P\|V MRQNLQ WDQVVLQ DONXSHUlPDDQ UXRNLLQ MD WXWXVWXD QLLKLQ VHNl YDOPLVWDD QLLWl ¾ 3HULQQHUXRDW VDDYDW P\|V NHVNXVWHOXD DLNDDQ ¾ 5XRLVWD YRLGDDQ WHKGl PDOOLDQQRNVLD HVLPHUNLNVL WHUYHHOOLVHW UXRDW MD YlKHPPlQ WHUYHHOOLVHW ¾ 5XRNLHQ YDOPLVWDPLQHQ MD NDWWDXNVHHQ RVDOOLVWXPLQHQ VDDYDW MRNDLVHQ WDLGRW HVLLQ ¾ .LUMDD NHVNXVWHOXLVWD PXLVWLLQ DYDLQVDQRMD MD RWD YDORNXYLD WDSDDPLVHVWD


.XYDW PRUJXHILOH FRP DUFKLYH


$MDWXNVLD \KWHLVHNVL WDSDKWXPDNVL 7HHPDQ NDKGHNVDQQHVVD YDLKHHVVD DLKHHVWD W\|VWHWllQ \KWHLQHQ WDSDKWXPD WDL MXKOD MRQND YDOPLVWHOHPLVHHQ NRNR U\KPl YRL RVDO OLVWXD 7lOODLVHVWD WRLPLQWDPXRGRVWD K\|W\\ HQLWHQ VRVLDDOLVWHQ WLODQWHLGHQ NDXWWD DVLDW RSSLYD 7DSDKWXPDVVD YRLGDDQ HVLWHOOl U\KPlQ WXRWRNVLD MD DLNDDQVDDQQRNVLD 7DSDKWXPDQ NDXWWD U\KPlOlLVHW YRLYDW VDDGD P\|V SDODXWHWWD RPDVWD WRLPLQQDVWDDQ 7DSDKWXPDQ DLKH YRL ROOD PLNl YDLQ DLKH MRND OLLWW\\ WHHPDDQ NXWHQ HVLPHUNLNVL V\QW\Pl SlLYlMXKODW WDL NHYlWMXKOD 0XNDDQ NDQQDWWDD NXWVXD U\KPlOlLVWHQ SHUKHHQMlVHQLl /HYLQH 0DGRUL MD $MDWXNVLD \KWHLVHNVL WDSDKWXPDNVL ¾ 1RVWD DLKHWWD HVLLQ HGHOOLVWHQ WDSDDPLVWHQ WXRWRNVLHQ DYXOOD ¾ <KWHLQHQ WDSDKWXPD YRL ROOD WDLGHQl\WWHO\ WDL µ7lPlQ WDULQDQ KDOXDW NXXOODµ SHUKHWDSDKWXPD WPV ¾ 0XVLLNLQ \PSlULOOH NRRWWX WDSDKWXPD VRSLL P\|V HVLPHUNLNVL OLLNXQQDQ RVXXGHVWD NRRWWX WDSDKWXPD ¾ 9XRGHQDMDW YRLYDW P\|V WXNHD WDSDKWXPDQ WHHPDD ¾ 7DULQRLVWD YRLGDDQ WXRWWDD XXWWD WDULQDD PXLOOH NHUURWWXQD ¾ 7DLGHYHLVWRNVHW MD PDDODXNVHW UXQRLOOD WDULQRLOOD K|\VWHWW\Ql WXRYDW K\Yll PLHOWl QLLQ U\KPlOlLVLOOH NXLQ RPDLVLOOH ¾ 7DSDKWXPDDQ YRLGDDQ NXWVXD P\|V XONRSXROLVLD HVLLQW\MLl MD WDL WDLWHLOLMRLWD ¾ 2SSLODLWRNVHW MD RSLVNHOLMDW YRLYDW WXRGD RPDQ SDQRNVHQVD WDSDKWXPDQ MlUMHVWlPLVHHQ ¾ 7DSDKWXPDQ MlUMHVWHO\LVVl NDQQDWWDD KXRPLRLGD MRNDLVHQ U\KPllQ RVDOOLVWXQHHQ URROL YDOPLVWHOXLVVD SDUL YRL ROOD YHLVWRNVLHQ HVLOOH ODLWRVWD YDVWXXVVD MD WRLVHW PDDODXVWHQ MQH ¾ 7DSDKWXPDVWD RWHWDDQ YDORNXYLD P\|KHPSll WDSDDPLVWD YDUWHQ ¾ 7DSDKWXPDQ NUXXQDD WDUMRLOX MRQND RVDOOLVWXMDW LWVH RYDW YRLQHHW YDOPLVWDD HVLPHUNLNVL XXVLVWD PDXLVWD UXRND DLQHLVWD WDL SHULQQHUXRNLD


.XYD PRUJXHILOH FRP DUFKLYH


7DSDKWXPDVWD YDORNXYLNVL /RSXNVL U\KPlQ WXRWRNVLVWD YRLGDDQ NRRWD \KWHLQHQ W\| MRND GRNX PHQWRLGDDQ 7lVVl YDLKHHVVD RQ P\|V K\Yl NRRWD SURVHVVL \KWHHQ U\KPlOlLVWHQ NDQVVD 7lOODLVHVWD NlVLWWHO\PXRGRVWD K\|W\\ HQLWHQ LWVHQlLQHQ RSSLMD 5\KPlQ HUL NHUWRMD YRLGDDQ \KGHVVl PXLVWHOOD MD SDODWD WXQQHOPLLQ MR WHKW\MHQ W|LGHQ MD YDORNXYLHQ NDXWWD 2VDOOLVWXMDW VDDYDW QlLQ NRNHPXNVHQ VLLWl HWWl KHLGlQ W\|QVl RQ ROOXW DUYRNDVWD -RNDLVWD U\KPlOlLVWl YRL HVLPHUNLNVL S\\Wll YDOLWVHPDDQ \KGHQ NXYDQ MRND SXKXWWHOHH KlQWl HQLWHQ MD NHUWRPDDQ VLLWl PXLOOH .XYDW YRLGDDQ NRRWD NROODDVLNVL WDL \KWl K\YLQ QH YRLGDDQ P\|V NHUlWl ODDWLNNRRQ MRQQH YRLGDDQ ODLWWDD P\|V HVLPHUNLNVL UXQRMD /HYLQH 0DGRUL 7DSDKWXPDVWD YDORNXYLNVL

¾ 9DORNXYLVWD YRLGDDQ NRRWD RPD HULOOLQHQ Ql\WWHO\ ¾ .XYLD NDQQDWWDD K\|G\QWll P\|V RVDOOLVWXMLHQ P\|KHPPLVVl WDSDDPLVLVVD ¾ .XYLVWD YRLGDDQ WHKGl MRNDLVHOOH RVDOOLVWXMDOOH RPD NROODDVL NRWLLQ YLHWlYlNVL ¾ 0LNlOL RVDOOLVWXMDW RYDW SDOYHOXWDORQ DVXNNDLWD NXYLD NDQQDWWDD K\|G\QWll P\|V ODDWXNXYDXNVLVVD SDOYHOXMHQ RVWDMDQ VXXQWDDQ ¾ .XYLHQ DYXOOD SDOYHOXLWD YRLGDDQ NXYDWD P\|V XXVLOOH DVLDNNDLOOH MD RPDLVLOOH ¾ .XYLVWD YRL ROOD K\|W\l P\|V KRLWR MD SDOYHOXVXXQQLWHOPLHQ WDUNDVWDPLVHQ \KWH\GHVVl ¾ .XYDW NHUWRYDW RPDLVLOOH MD OlKHLVLOOH LNllQW\QHHQ DNWLLYLVHVWD HOlPlQYDLKHHVWD ¾ .XYLD YRLGDDQ WHHWWll YDORNXYDOLLNNHLVVl PXWWD GLJLWDDOLNXYLD YRLGDDQ WXORVWDD P\|V SDSHULOOH


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.XYDW PRUJXHILOH FRP DUFKLYH


(VLWHW\W PHQHWHOPlW NXYDWDDQ WlVVl MXONDLVXVVD VDPDDQ WDSDDQ NXLQ RVDVVD UHVHSWLQ UDNHQQHWWD PXNDLOOHQ 7lOO|LQ QH PXRGRVWDYDW \KGHQ VHONHlQ RMHHQ DLQD \KGHOOH VLYXOOH 5HVHSWLW VLVlOWlYlW VHXUDDYDW WLHGRW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl

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.XYDW PRUJXHILOH FRP DUFKLYH


0DDLOPDQ LKPHLWl

. \ P P H Q H Q P H U N L W W l Y L Q W l W D S D K W X P D D N D X Q H L Q W D K \ O l W W \ l S D L N N D D P D D L O P D V V D 0 D D L O P D Q W D O R X G H Q P H U N L W W l Y L Q W l V X S H U L G H D D . D X Q H L P P D W N D X S X Q J L W 6 H L W V H P l Q L K P H W W l 8 1 ( 6 & 2 1 V X R M H O X N R K W H H W 5 L N N D L P P D W K H Q N L O | W + X L S S X V l Y H O W l M l W ( O R N X Y D Q V X X U L P P D W W l K G H W ( Q L W H Q O H Y \ M l P \ \ Q H H W D U W L V W L W 6 X X U L P P D W V L O O D W . R U N H L P P D W U D N H Q Q X N V H W 6 X X U L P P D W Y X R U H W 6 X X U L P P D W M R H W 3 D U K D L P P D W N H N V L Q Q | W 6 X X U L P P D W H O l L P H W M D Q L L G H Q W D Y D W 0 D D L O P D Q X X G H W L K P H H W 0 H Q H V W \ Q H L P P l W H O R N X Y D W 0 D D L O P D Q V X X U L P P D W \ U L W \ N V H W ( Q Q l W \ V W H Q P D D L O P D


.\PPHQHQ PHUNLWWlYLQWl WDSDKWXPDD

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND

0DDLOPDQ PHUNLWWlYLQWl WDSDKWXPDD

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NDXQHLQWD K\OlWW\l SDLNNDD PDDLOPDVVD

7RLPLQQDQ QLPL 7DYRLWH

0DDLOPDQ NDXQHLQWD K\OlWW\l SDLNNDD

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0DDLOPDQWDORXGHQ PHUNLWWlYLQWl VXSHULGHDD HQQHQ YXRWWD 7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

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.XYD PRUJXHILOH FRP DUFKLYH


.DXQHLPPDW NDXSXQJLW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND

0DDLOPDQ NDXQHLPPDW NDXSXQJLW

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.XYD PRUJXHILOH FRP DUFKLYH


6HLWVHPlQ LKPHWWl

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

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$LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD PXVLLNLOOD YHLVWRNVLQ OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD UXRDOOD PDDVWD MRVVD LKPH VLMDLWVHH MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ .XYD PRUJXHILOH FRP DUFKLYH


81(6&21 VXRMHOXNRKWHHW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

81(6&21 VXRMHOXNRKWHHW 7XWXVWXWDDQ 81(6&21 VXRMHOXNRKWHLVLLQ 0DDLOPDQ SHULQW|NRKWHHW 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD NRKWHLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD IL ZLNLSHGLD RUJ PDDLOPDQ SHULQW|OXHWWHOR WDL ZKF XQHVFR RUJ HQ OLVW WDL JRRJOH IL 81(6&21 PDDLOPDQ SHULQW|OXHWWHOR MD JRRJOH IL NRKWHHQ QLPL (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ NXYLD MD NDWVRWDDQ QH VXRUDDQ RVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD SDLNDVWD OLVlWLHWRD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL +DNXVDQDNVL ODLWHWDDQ NRKWHHQ QLPL 8QHVFRQ VLYXLOOD HQJODQQLNVL NRKWHHW RYDW PDLWWDLQ DDNNRVWHWWX /LQNHLVWl O|\W\\ SDOMRQ NXYLD NRKWHLVWD 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD 81(6&21 VXRMHOXNRKWHLVWD .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL VXRMHOXNRKGH NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD SDLNRLVWD .HVNXVWHOODDQ LKPHLVWl .DLNNLD SDLNNRMD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 0DDLOPDQSHULQW|OXHWWHORVVD RQ NRKGHWWD MRLVWD RQ NXOWWXXULNRKGHWWD OXRQQRQNRKGHWWD MD PROHPSLLQ U\KPLLQ NXXOXYDD $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD PXVLLNLOOD YHLVWRNVLQ OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD UXRDOOD PDDVWD MRVVD VXRMHOXNRKGH VLMDLWVHH MQH -lONLWRLPHW +XRPLRLGDDQ HWWl MRNDLQHQ RVDOOLVWXMD VDD NRPPHQWRLGD DLKHWWD MD RVDOOLVWXD NHVNXVWHOXXQ .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD KWWS ZKF XQHVFR RUJ HQ OLVW


5LNNDLPPDW KHQNLO|W

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

0DDLOPDQ ULNNDLPPDW KHQNLO|W 7XWXVWXWDDQ PDDLOPDQ ULNNDLPSLLQ KHQNLO|LKLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD ULNNDLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL PDDLOPDQ ULNNDLPPDW KHQNLO|W MD JRRJOH IL KHQNLO|Q QLPL (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ NXYLD MD NDWVRWDDQ QH VXRUDDQ RVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD KHQNLO|VWl OLVlWLHWRD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL +DNXVDQDNVL ODLWHWDDQ KHQNLO|Q QLPL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD PDDLOPDQ ULNNDLPPLVWD KHQNLO|LVWl .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL ULNNDDW KHQNLO| NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD KHLVWl .HVNXVWHOODDQ ULNNDLVWD MD ULNNDXGHVWD .DLNNLD KHQNLO|LWl HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 0DDLOPDQ ULNNDLQWD KHQNLO|l ROLYDW 0HNVLNRODLQHQ &DUORV 6OLP <KG\VYDOWDODLQHQ %LOO *DWHV (VSDQMDODLQHQ $PDFLR 2UWHJD <KG\VYDOWDODLQHQ :DUUHQ %XIIHW <KG\VYDOWDODLQHQ /DUU\ (OOLVRQ <KG\VYDOWDODLQHQ &KDUOHV .RFK <KG\VYDOWDODLQHQ 'DYLG .RFK +RQJ .RQJLODLQHQ /L .DL 6LQJ /LOLDQH %HWWHUFRXUW SHUKH 5DQVNDODLQHQ %HUQDUG $UQDXG SHUKH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD PXVLLNLOOD YHLVWRNVLQ OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD UXRDOOD PDDVWD MRVVD ULNNDDW DVXYDW MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ .XYD PRUJXHILOH FRP DUFKLYH


+XLSSXVlYHOWlMlW

7RLPLQQDQ QLPL 7DYRLWH

0DDLOPDQ KXLSSXVlYHOWlMlW

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(ORNXYDQ VXXULPPDW WlKGHW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

0DDLOPDQ VXXULPPDW HORNXYDWlKGHW

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.XYD PRUJXHILOH FRP DUFKLYH


(QLWHQ OHY\Ml P\\QHHW DUWLVWLW

7RLPLQQDQ QLPL 7DYRLWH

0DDLOPDQ HQLWHQ P\\QHHW DUWLVWLW

7XWXVWXWDDQ PDDLOPDQ HQLWHQ P\\QHLVLLQ DUWLVWHLKLQ MD KHLGlQ WXRWDQWRRQ 2VDOOLVWXMD 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ PllUl NDQVVD WRWHXWHWWDYDNVL 7DUYLWWDYD 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ DLND SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD 9DLNHXVDVWH +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD 7DUYLWWDYDW 9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V PDWHULDDOLW 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD DUWLVWHLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL HQLWHQ OHY\Ml P\\QHHW DUWLVWLW MD JRRJOH IL DUWLVWLQ QLPL WDL ZZZ \RXWXEH FRQ DUWLVWLQ QLPL WDL ZZZ XNPL[ RUJ IRUXPV YLHZWRSLF SKS (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ NXYLD DUWLVWHLVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD DUWLVWLVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL VHNl OLQNLW DUWLVWLHQ PXVLLNLVWD NXXOWDYDNVL +DNXVDQDNVL ODLWHWDDQ KHQNLO|Q QLPL .XXQQHOODDQ WDL NDWVRWDDQ DUWLVWLQ WXRWDQWRD <RXWXEHVWD 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD PDDLOPDQ HQLWHQ OHY\Ml P\\QHLVWl DUWLVWHLVWD .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL DUWLVWLW KHQNLO| NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD KHLVWl .HVNXVWHOODDQ DUWLVWHLVWD MD WXWXVWXWDDQ KHLGlQ WXRWDQWRRQVD .DLNNLD DUWLVWHMD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD UXRDOOD PDDVWD MRVVD DUWLVWLW DVXYDW DVXLYDW MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ .XYD PRUJXHILOH FRP DUFKLYH


6XXULPPDW VLOODW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

0DDLOPDQ VXXULPPDW VLOODW

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.RUNHLPPDW UDNHQQXNVHW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

0DDLOPDQ NRUNHLPPDW UDNHQQXNVHW 7XWXVWXWDDQ PDDLOPDQ NRUNHLPSLLQ UDNHQQXNVLLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD 9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD NRKWHLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD

,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL PDDLOPDQ NRUNHLPPDW UDNHQQXNVHW MD JRRJOH IL UDNHQQXNVHQ QLPL WDL KWWS IL ZLNLSHGLD RUJ ZLNL /XHWWHORBPDDLOPDQBNRUNHLPPLVWDBUDNHQQXN VLVWDBMDBUDNHQQHOPLVWD (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ NXYLD VLOORLVWD MD NDWVRWDDQ QH VXRUDDQ RVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD UDNHQQXNVLVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL +DNXVDQDNVL ODLWHWDDQ UDNHQQXNVHQ QLPL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD PDDLOPDQ NRUNHLPPLVWD UDNHQQXNVLVWD .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL UDNHQQXNVHW MD QLLGHQ KLVWRULD UDNHQQXV NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ UDNHQQXNVLVWD .DLNNLD DLKHHQ UDNHQQXNVLD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 0DDLOPDQ NRUNHLPSLD UDNHQQXNVLD RYDW %XUM .KDOLID 'XEDLVVD 9DUVRYDQ UDGLRPDVWR 3XRODVVD 7RN\R 6N\WUHH -DSDQLVVD &1 7RZHU .DQDGDVVD 7DLSHL 7DLSHLVVD 2ULHQWDO 3HDUO 7RZHU .LLQDVVD 3HWURQDV 7RZHUV 0DOHVLDVVD :LOOLV 7RZHU <KG\VYDOORLVVD -LQ 0DR 7RZHU .LLQDVVD -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


6XXULPPDW YXRUHW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

0DDLOPDQ VXXULPPDW YXRUHW 7XWXVWXWDDQ PDDLOPDQ VXXULPSLLQ YXRULLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD YXRULVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL PDDLOPDQ VXXULPPDW YXRUHW MD JRRJOH IL YXRUHQ QLPL WDL KWWS IL ZLNLSHGLD RUJ ZLNL /XHWWHORB PDDLOPDQBNRUNHLPPLVWDBYXRULVWD (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ YXRULHQ NXYLD MD NDWVRWDDQ QH VXRUDDQ RVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD YXRULVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL +DNXVDQDNVL ODLWHWDDQ YXRUHQ QLPL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD PDDLOPDQ VXXULPPLVWD YXRULVWD .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL YXRUHW MD QLLGHQ KLVWRULD YXRUL NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ YXRULVWD .DLNNLD DLKHHQ YXRULD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 6XXULPSLD YXRULD RYDW 0RXQW (YHUHVW . .DQJFKHQMXQJD /KRWVH 0DNDOX &KR 2\X 'KDXODJLUL 0DQDVOX 1DQJD 3DUEDW MD $QQDSXUQD , MQH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD UXRDOOD PDDVWD MRVVD YXRUHW VLMDLWVHYDW MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


6XXULPPDW MRHW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

0DDLOPDQ VXXULPPDW MRHW 7XWXVWXWDDQ PDDLOPDQ VXXULPSLLQ MRNLLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD NRKWHLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL PDDLOPDQ VXXULPPDW MRHW MD JRRJOH IL MRHQ QLPL WDL KWWS IL ZLNLSHGLD RUJ ZLNL /XHWWHORBMRLVWDBSLWXXGHQBPXNDDQ (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ NXYLD MRLVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD MRLVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL +DNXVDQDNVL ODLWHWDDQ MRHQ QLPL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD PDDLOPDQ VXXULPPLVWD MRLVWD .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL MRHW MD HOlPll QLLGHQ YDUUHOOD MRNL NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ MRLVWD MD HOlPlVWl QLLGHQ YDUVLOOD .DLNNLD DLKHHQ MRNLD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 3LVLPPlW MRHW RYDW 1LLOL $PD]RQ <DQJWVH 0LVVLVVLSSL .HOWDLQHQ MRNL 2E²,UW\ä -HQLVHL² $QJDUD²6HOHQJD .RQJL /HD $PXU 0HNRQJ 0DFNHQ]LH MD 1LJHU MQH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD UXRDOOD PDDVWD MRVVD MRHW YLUWDDYDW MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ .XYD PRUJXHILOH FRP DUFKLYH


3DUKDLPPDW NHNVLQQ|W

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

0DDLOPDQ PHUNLWWlYLPPlW NHNVLQQ|W 7XWXVWXWDDQ PDDLOPDQ PHUNLWWlYLPSLLQ NHNVLQW|LKLQ

0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD 9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD NHNVLQQ|LVWl O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL PDDLOPDQ VXXULPPDW NHNVLQQ|W MD JRRJOH IL NHNVLQW| WDL ZZZ NHNVLQWRVDDWLR IL NHNVLQQRW V H N l K W W S \ O L R S S L O D V O H K W L I L P D D L O P D Q S D U K D D W N H N V L Q Q R W (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ NXYLD NHNVLQQ|LVWl MD NHNVLM|LVWl MD NDWVRWDDQ QH VXRUDDQ RVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD NHNVLQQ|LVWl MD WXORVWHWDDQ WLHWR OXHWWDYDNVL +DNXVDQDNVL ODLWHWDDQ NHNVLQQ|Q QLPL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD PDDLOPDQ VXXULPPLVWD NHNVLQQ|LVWl MD NHNVLM|LVWl .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL NHNVLMl NHNVLQQ|W MD QLLGHQ KLVWRULD NHNVLQW| NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ NHNVLQQ|LVWl .DLNNLD DLKHHQ NHNVLQW|Ml HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH .HNVLQW|Ml RYDW .LUMDSDLQRNRQH +|\U\NRQH 0XRYL 3XKHOLQ 5|QWJHQVlWHHW 3HQLVLO OLLQL 7LHWRNRQH 7UDQVLVWRUL '1$ Q UDNHQQH ,QWHUQHW MQH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ .XYD PRUJXHILOH FRP DUFKLYH


6XXULPPDW HOlLPHW MD QLLGHQ WDYDW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

0DDLOPDQ VXXULPPDW HOlLPHW MD QLLGHQ WDYDW 7XWXVWXWDDQ PDDLOPDQ VXXULPSLLQ HOlLPLLQ MD QLLGHQ WDSRLKLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD HOlLPLVWl O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL PDDLOPDQ VXXULPPDW HOlLPHW MD JRRJOH IL HOlLPHQ QLPL WDL KWWS WZLVWHGVLIWHU FRP RI WKH ODUJHVW DQLPDOV LQ WKH ZRUOG (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ NXYLD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD HOlLPLVWl MD WXORVWHWDDQ WLHWR OXHWWDYDNVL +DNXVDQDNVL ODLWHWDDQ HOlLPHQ QLPL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD PDDLOPDQ VXXULPPLVWD HOlLPLVWl .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL HOlLPHW MD QLLGHQ WDYDW HOll HOlLQ NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ HOlLPLVWl .DLNNLD DLKHHQ HOlLPLl HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 6XXULPSLD HOlLPLl RYDW PP 6LQLYDODV $IULNDQ (OHIDQWWL .LUDKYL 0XUVX -llNDUKX .DUKX .URNRWLLOL MQH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD UXRDOOD PDDVWD MRVVD HOlLPHW HOlYlW MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


0DDLOPDQ XXGHW LKPHHW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

0DDLOPDQ XXGHW LKPHHW

7XWXVWXWDDQ PDDLOPDQ XXVLLQ LKPHLVLLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD 9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD NRKWHLVWD O|\W\\ LQWHU QHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL PDDLOPDQ XXGHW LKPHHW MD JRRJOH IL LKPHHQ QLPL WDL IL ZLNLSHGLD RUJ (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ NXYLD NRKWHLVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD LKPHLVWl MD WXORVWHWDDQ WLHWR OXHWWDYDNVL +DNXVDQDNVL ODLWHWDDQ LKPHHQ QLPL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD PDDLOPDQ XXVLVWD LKPHLVWl .l\GllQ HULOOLVLVVl WDSDDPLVLVVD LKPHHW MD QLLGHQ KLVWRULD LKPH NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ LKPHLVWl .DLNNLD DLKHHQ LKPHLWl HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 8XGHQ DMDQ LKPHLWl RYDW PP $NURSROLV $OKDPEUD $QJNRU :DW &KLFKHQ ,W]D 5LR GH -DQHLURQ .ULVWXV SDWVDV &RORVVHXP 3llVLlLVVDDUHQ PRDLW (LIIHOLQ WRUQL .LLQDQ PXXUL +DJLD 6RILD .L\RPL]X GHUD 0RVNRYDQ .UHPO 0DFKX 3LFFKX 1HXVFKZDQVWHLQLQ OLQQD 3HWUD *L]DQ S\UDPLGLW 9DSDXGHQSDWVDV 6WRQHKHQJH 6\GQH\Q RRSSHUDWDOR 7DM 0DKDO MD 7LPEXNWX $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD UXRDOOD PDDVWD MRVVD LKPH VLMDLWVHH MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


0HQHVW\QHLPPlW HORNXYDW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

0DDLOPDQ PHQHVW\QHLPPlW HORNXYDW 7XWXVWXWDDQ PDDLOPDQ PHQHVW\QHLPSLLQ HORNXYLLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD HORNXYLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD +DQNLWDDQ HORNXYD NDWVRWWDYDNVL ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL NDLNNLHQ DLNRMHQ PHQHVW\QHLPPlW HORNXYDW MD JRRJOH IL HORNXYDQ QLPL VHNl ZZZ \RXWXEH FRP WDL KWWS HORNXYDW WRS EORJVSRW IL VHNl KWWS PRYLHV DPFWY FRP PRYLH JXLGH WLP GLUNV WRS (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ NXYLD HORNXYLVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD HORNXYLVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL +DNXVDQDNVL ODLWHWDDQ HORNXYDQ QLPL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD PDDLOPDQ PHQHVW\QHLPPLVWl HORNXYLVWD .DWVRWDDQ HULOOLVLVVl WDSDDPLVLVVD HORNXYDW MD WXWXVWXWDDQ QLLGHQ YDOPLVWXPLV SURVHVVLLQ VHNl Ql\WWHOLM|LKLQ HORNXYD NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ HORNXYLVWD 0HQHVW\QHLPSLl HORNXYLD RYDW $YDWDU 7LWDQLF 7KH /RUG 2I 7KH 5LQJV 3LUDWHV 2I 7KH *DULEEHDQ 0ROHPPDW HORNXYDW 7R\ 6WRU\ $OLFH LQ :RQGHUODQG 7KH 'DUN .QLJKW %DWPDQ +DUU\ 3RWWHU MD $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD UXRDOOD PDDVWD MRVVD HORNXYD RQ WHKW\ WDL VHQ WHHPD VLMRLWWXX MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ .XYD PRUJXHILOH FRP DUFKLYH


0DDLOPDQ VXXULPPDW \ULW\NVHW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

0DDLOPDQ VXXULPPDW \ULW\NVHW 7XWXVWXWDDQ PDDLOPDQ VXXULPSLLQ \ULW\NVLLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

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(QQlW\VWHQ PDDLOPD

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

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7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

(XURRSDQ DQWLLNLQ DMDQ MXPDODW MD VXRMHOLMDW

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.XYD PRUJXHILOH FRP DUFKLYH


3DKLPPDW ULNROOLVHW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

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.DXQHLPPDW OLQQDW 7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

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7DUXMHQ (XURRSSD

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

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.XYD PRUJXHILOH FRP DUFKLYH


.XYDW PRUJXHILOH FRP DUFKLYH


6XRPHQ LKPHLWl

6 X X U H W L V N H O P l W l K G H W 9 D L Q H O l P l l 0 H U N L W W l Y L P P l W W D S D K W X P D W 6 X X U L W L H W R N L O S D L O X . D X Q H L P P D W N D X S X Q J L W 6 X R M H O X D O X H H W + X L S S X W X W N L P X V \ N V L N | W 6 X R P D O D L V H W N H N V L Q Q | W 6 X R P D O D L V H Q X U K H L O X Q K X L S S X K H W N H W 0 X V L L N L Q P H Q H V W \ M l W . L U M D L O L M D W N D X W W D D L N R M H Q . D O H Y D O D Q M D W D U X M H Q P \ V W L V H W K D K P R W 3 H U L Q Q H U X R D W . D X Q H L P P D W O D X O X W . D X Q H L P P D W N L U N R W . X O W W X X U L S H U L Q W | N R K W H L W D 7 X W N L P X V P D W N D L O L M D W 5 D N H Q Q X V N X O W W X X U L Q D L N D N D X V L D


6XXUHW LVNHOPlWlKGHW

7RLPLQQDQ QLPL 7DYRLWH

6XRPHQ VXXUHW LVNHOPlWlKGHW

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9DLQ HOlPll

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl

9DLQ HOlPll ² ,NlLKPLVWHQ llQL

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.XYD PRUJXHILOH FRP DUFKLYH


0HUNLWWlYLPPlW WDSDKWXPDW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

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.XYD NXYLDNDLNLOOH YDORNXYDWDLWHHQPXVHR IL


6XXUL WLHWRNLOSDLOX

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.DXQHLPPDW NDXSXQJLW

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6XRPDODLVHW NHNVLQQ|W

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

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.XYD DLNDODLQHQ XWD IL 7HHPX /DLQH


6XRPDODLVHQ XUKHLOXQ KXLSSXKHWNHW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

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0XVLLNLQ PHQHVW\MlW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

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9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD PHQHVW\MLVWl O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL VXRPDODLVHQ PXVLLNLQ PHQHVW\MlW MD JRRJOH IL KHQNLO|Q QLPL MD ZZZ \RXWXEH FRP (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ NXYLD PXVLLNLQ PHQHVW\MLVWl MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD KHQNLO|VWl KHQNLO|LVWl MD WXORVWHWDDQ WLHWR OXHWWDYDNVL +DNXVDQDNVL ODLWHWDDQ PXVLLNLQ PHQHVW\MlQ QLPL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD PXVLLNLQ PHQHVW\MLVWl .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL PHQHVW\MLl MD KHLGlQ WXRWDQWRDDQ VHNl KLVWRULDD KHQNLO| NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD KHLVWl .HVNXVWHOODDQ DLKHHVWD .DLNNLD PHQHVW\VWDULQRLWD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 0XVLLNLQ PHQHVW\MLl RYDW PP -HDQ 6LEHOLXV $DUUH 0HULNDQWR 9lLQ| 5DLWLR (ULN %HUJPDQ $XOLV 6DOOLQHQ .DLMD 6DDULDKR (VD 3HNND 6DORQHQ +,0 5DVPXV MQH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD UXRDOOD PDDNXQQDVWD MRVWD PXVLLNLQ PHQHVW\Ml RQ NRWRLVLQ MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ .XYD PRUJXHILOH FRP DUFKLYH


.LUMDLOLMDW NDXWWD DLNRMHQ

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

6XRPDODLVHW NLUMDLOLMDW NDXWWD DLNRMHQ 7XWXVWXWDDQ 6XRPDODLVLLQ NLUMDLOLMRLKLQ NDXWWD DLNRMHQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW 0DWHULDDOLHQ Nl\W|VVl YRLGDDQ WRWHXWWDD P\|V PXLWD OXRYLD UDWNDLVXMD NV MXONDLVXQ VLYXW .XYLD NRKWHLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL VXRPDODLVHW NLUMDLOLMDW NDXWWD DLNRMHQ MD JRRJOH IL NLUMDLOLMDQ QLPL (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ NXYLD NLUMDLOLMRLVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD NLUMDLOLMDVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL +DNXVDQDNVL ODLWHWDDQ NLUMDLOLMDQ QLPL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL NLUMDLOLMDW MD KHLGlQ KLVWRULDQVD VHNl WXRWDQWRD NLUMDLOLMD NHUUDOODDQ MD OXHWDDQ KHLGlQ WXRWDQWRDDQ .HVNXVWHOODDQ DLKHHVWD .DLNNLD DLKHHQ NLUMDLOLMRLWD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 0HQHVW\QHLPSLl NLUMDLOLMRLWD RYDW ROOHHW PP :DOWDUL 6LOODQSll 3llWDOR /LQQD +XRYLQHQ +DDYLNNR +LHWDPLHV +LUYLVDDUL 8WULR 5HPHV 3DDVLOLQQD 7HUYR 2NVDQHQ .XQQDV MQH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD UXRDOOD SDLNDVWD MRVWD NLUMDLOLMD RQ NRWRLVLQ MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ .XYD H ZDWFKPDQ FRP


.DOHYDODQ MD WDUXMHQ P\VWLVHW KDKPRW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

.DOHYDODQ MD WDUXMHQ P\VWLVHW KDKPRW 7XWXVWXWDDQ .DOHYDODQ MD WDUXMHQ P\VWLVLLQ KDKPRLKLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD NRKWHLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL NDOHYDODQ P\VWLVHW KDKPRW WDL WDUXMHQ P\VWLVHW KDKPRW MD JRRJOH IL WDUXQ WDL KDKPRQ QLPL VHNl IL ZLNLSHGLD RUJ 6XRPDODLQHQ P\WRORJLD MD NDOHYDODVHXUD IL (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ NXYLD KDKPRLVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD KDKPRLVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL +DNXVDQDNVL ODLWHWDDQ WDUXQ WDL KDKPRQ QLPL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD WDUXMHQ KDKPRLVWD .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL WDUXW MD KDKPRW VHNl QLLGHQ KLVWRULDD DLKH NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ WDUXLVWD MD KDKPRLVWD .DLNNLD WDUXMHQ KDKPRMD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDP PDOOH WDSDDPLVNHUUDOOH +DKPRMD RYDW PP 9lLQlP|LQHQ .XOWDLQHQ QHLWR ,OPDULQHQ /HPPLQNlLQHQ 0DDLOPDQ V\QW\ ,VR WDPPL 6DPPRQ WDRQWD MQH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD UXRDOOD WDUXMHQ MD WDULQRLGHQ DMDOWD MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD H ZDWFKPDQ FRP


3HULQQHUXRDW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

6XRPDODLVHW SHULQQHUXRDW 7XWXVWXWDDQ 6XRPDODLVLLQ SHULQQHUXRNLLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD DLKHHVWD O|\W\\ LQWHU QHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL VXRPDODLVHW SHULQQHUXRDW MD JRRJOH IL UXRDQ QLPL WDL UXRNDWLHWR IL (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ NXYLD UXRLVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD UXRLVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL +DNXVDQDNVL ODLWHWDDQ UXRDQ QLPL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD 6XRPDODLVLVWD SHULQQHUXRLVWD .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL UXRNLD MD QLLGHQ KLVWRULDD UXRND NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ DLKHHVWD .DLNNLD DLKHHVWD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 9DOPLVWHWDDQ SHULQQHUXRNLD PLNlOL VH YDLQ RQ PDKGROOLVWD 3HULQQH UXRNLD RYDW PP .URSVX /DSVNRXVVL 0XVWLNNDP|OO| 3RULODLQHQ 6lUl 7DSSDLVNHLWWR 9LVSLSXXUR 6HWVXXUL MQH PDDNXQQDVWD ULLSSXHQ $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


.DXQHLPPDW ODXOXW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

6XRPHQ NDXQHLPPDW ODXOXW 7XWXVWXWDDQ 6XRPHQ NDXQHLPSLLQ ODXOXLKLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD ODXOXLVWD WDL ODXODMLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL VXRPHQ NDXQHLPPDW ODXOXW MD JRRJOH IL ODXOXQ QLPL WDL ZZZ \RXWXEH FRP ODXOXQ QLPL (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ ODXOXQ DLKHHVWD NXYLD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD ODXOXQVDQRMD MD WXORVWHWDDQ QH ODXOHWWDYLNVL LOPDLVLD ODXOXQVDQRMD +DNXVDQDNVL ODLWHWDDQ ODXOXQ WDL ODXODMDQ QLPL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD 6XRPHQ NDXQHLPPLVWD ODXOXLVWD RVDOOLVWXMLHQ NDQVVD \KGHVVl .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL ODXOXMD MD QLLGHQ KLVWRULD NDSSDOH NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl (WVLWllQ ODXOX <RXWXEHVWD MD NXXQQHOODDQ ODXOX VHNl ODXOHWDDQ VH \KGHVVl PLNlOL ODXOXQVDQDW RQ Nl\WHWWlYLVVl .HVNXVWHOODDQ ODXOXQ WXRPLVWD PXLVWRLVWD .DLNNLD DLKHHQ ODXOXMD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ .XYD PRUJXHILOH FRP DUFKLYH


.DXQHLPPDW NLUNRW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

.DXQHLPPDW NLUNRW 7XWXVWXWDDQ 6XRPHQ NDXQHLPSLLQ NLUNNRLKLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR YRL HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD NLUNRLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD ZZZ ILQQLFD IL NHVNL VXRPL NLUNRW NDXQHLQ WDL JRRJOH IL NDXQHLPPDW NLUNRW WDL NLUNRQ MD SDLNNDNXQQDQ QLPL (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ PXNDLVLD RVRLWWHLWD (WVLWllQ NXYLD NLUNRLVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ WDULQRLWD MD OLVlWLHWRD NLUNRLVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD DLKHHVWD 5\KPlQ WDSDDPLVLVVD Nl\GllQ OlSL NLUNNRMD \NVL NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ QLLVWl .DLN NLD NLUNNRMD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 0\|V <RXWXEHVWD NDQQDWWDD HWVLl YLGHRL WD NLUNRLVWD +DNXNHQWWllQ NLUMRLWHWDDQ NLUNRQ MD WDL SDLNNDNXQQDQ QLPL .DXQHLPSLD NLUNNRMD RQ N\PPHQLl PP 0XXUDPHQ .HXUXXQ .RUSLODKGHQ 7DXOXPlHQ NLUNRW MD -\YlVN\OlQ NDXSXQNLNLUNNR MQH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWl MRNDLQHQ RVDOOLVWXMD VDD NRPPHQWRLGD DLKHWWD MD RVDOOLVWXD NHVNXVWHOXXQ .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


.XOWWXXULSHULQW|NRKWHLWD

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

6XRPDODLVLD NXOWWXXULSHULQW|NRKWHLWD 7XWXVWXWDDQ 6XRPDODLVLLQ NXOWWXXULSHULQW|NRKWHLVLLQ QHWLVVl 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR YRL HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD NRKWHLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD ZZZ NDUWDQRPDWNDW IL WDL PXVHRYLUDVWR IL VHNl KWWS NXOWWXXUL\PSDULVWR QED IL QHWVRYHOOXV UHNLVWHULSRUWDDOL SRUWWL GHIDXOW DVS[ (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWWHHW (WVLWllQ NXYLD NRKWHLVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ WDULQRLWD MD OLVlWLHWRD NRKWHLVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL .DUWDQRPDWNDW VLYXLOOD RQ OLQNLW NDLNNLLQ 6XRPDODLVLLQ NXOWWXXULNRKWHLVLLQ 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD DLKHHVWD 5\KPlQ WDSDDPLVLVVD Nl\GllQ OlSL NRKWHLWD \NVL NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ QLLVWl .DLNNLD NRKWHLWD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 0\|V <RXWXEHVWD NDQQDWWDD HWVLl YLGHRLWD NRKWHLVWD .XOWWXXULSHULQW|NRKWHLWD RYDW PP (OLDV /|QQURWKLQ MDODQMlOMLVVl +HOHQH 6FKMIEHFNLQ PDLVHPLVVD /RXKLVDDUL 0XVWLODQ $UERUHXP )LVNDUV 0HUHOOLQHQ .RWND MQH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD WDULQRLOOD MD UXRDOOD HUL DLNDNDXVLOWD MQH -lONLWRLPHW +XRPLRLGDDQ HWWl MRNDLQHQ RVDOOLVWXMD VDD NRPPHQWRLGD DLKHWWD MD RVDOOLVWXD NHVNXVWHOXXQ .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


7XWNLPXVPDWNDLOLMDW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

7XWNLPXVPDWNDLOLMDW 7XWXVWXWDDQ 6XRPDODLVWHQ WXWNLPXVPDWNDLOLMRLGHQ WDULQRLKLQ MD HOlPllQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR YRL HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD WXWNLPXVPDWNDL OLMRLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD ZZZ NDXNDDKDHWWXD IL WDL JRRJOH IL WXWNLPXVPDWNDLOLMDQ QLPL (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWWHHW (WVLWllQ NXYLD NRKWHLVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ WDULQRLWD MD OLVlWLHWRD WXWNLPXVPDWNDLOLMRLVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL .DXNDD KDHWWXD RQ 0XVHRYLUDVWRQ YHUNNRQl\WWHO\ MRVVD DYDXWXX NXYDD NOLNNDDPDOOD WXWNLPXVPDWNDLOLMDQ WDULQD 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD DLKHHVWD 5\KPlQ WDSDDPLVLVVD Nl\GllQ OlSL WXWNLPXVPDWNDLOLMD \NVL NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD KHLVWl .HVNXVWHOODDQ DLKHHVWD .DLNNLD WXWNLPXVPDWNDLOLMRLWD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 0\|V <RXWXEHVWD NDQQDWWDD HWVLl YLGHRLWD DLKHHVWD 7XWNLPXVPDWNDLOLMRLWD ROLYDW PP (GYDUG :HVWHUPDUFN 5DIDHO .DUVWHQ 3 * %|FNHOPDQ .DL 'RQQHU $ 2 +HLNHO +LOMD +HLVNDQHQ +HOPL +HOPLQHQ & * 0DQQHUKHLP *XQQDU /DQGWPDQ 6DJD 5RRV $GROI (WKROpQ * - 5DPVWHGW MD 8 7 6LUHOLXV $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWl MRNDLQHQ RVDOOLVWXMD VDD NRPPHQWRLGD DLKHWWD MD RVDOOLVWXD NHVNXVWHOXXQ .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


5DNHQQXVNXOWWXXULQ DLNDNDXVLD

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

6XRPDODLVHQ UDNHQQXVNXOWWXXULQ DLNDNDXVLD 7XWXVWXWDDQ 6XRPDODLVHQ UDNHQQXVNXOWWXXULQ DLNDNDXVLLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR YRL HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD UDNHQQXVNXOWWXX ULQ DLNDNDXVLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD ZZZ UDNHQQXVSHULQWR IL WDL JRRJOH IL NRKWHHQ QLPL WDL KWWS ZZZ UN\ IL UHDG DVS UBGHIDXOW DVS[ (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ RVRLWH (WVLWllQ NXYLD UDNHQQXVNXOWWXXULQ MD NXOWWXXUL\PSlULVW|LVWl HUL DLNDNDXVLOWDD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ WDULQRLWD MD OLVlWLHWRD VLYXLOOD ROHYLVWD OLQNHLVWl MD WXORVWHWDDQ WLHWR OXHWWDYDNVL /LQNHLVWl O|\W\\ P\|V OLVll NXYLD NRKWHLVWD 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD DLKHHVWD 5\KPlQ WDSDDPLVLVVD Nl\GllQ OlSL UDNHQQXVDLNDNDXGHW \NVL NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ DLKHHVWD .DLNNLD DLNDNDXVLD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 0\|V <RXWXEHVWD NDQQDWWDD HWVLl YLGHRLWD DLKHHVWD +DNXNHQWWllQ NLUMRLWHWDDQ NRKWHHQ QLPL $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWl MRNDLQHQ RVDOOLVWXMD VDD NRPPHQWRLGD DLKHWWD MD RVDOOLVWXD NHVNXVWHOXXQ .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


.XYD PRUJXHILOH FRP DUFKLYH


0XLWD LKPHLWl

6 D O D O L L W W R W H R U L D W 8 V N R P D W W R P L D M X W W X M D 8 U E D D Q L O H J H Q G D W 9 D V W D X V W H Q P D D L O P D 0 D D L O P D Q H Q Q l W \ N V H W N D X W W D D L N R M H Q 6 X R P H Q V X X U L P P D W N D O D V D D O L L W 2 X G R L P P D W U D N H Q Q X N V H W 0 D D S D O O R Q l l U L P P l L V H W S D L N D W < P S l U L V W | Q W L O D 3 D U K D L P P D W Y L W V L W 6 N H W V L H Q P D D L O P D D Q + L V W R U L D O O L V H W E D D U L W 3 D U K D D W W \ | P D W N D D X W R W


6DODOLLWWRWHRULDW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

6DODOLLWWRWHRULDW 7XWXVWXWDDQ PDDLOPDOOD V\QW\QHLVLLQ VDODOLLWWRWHRULRLKLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD DLKHLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL VDODOLLWWRWHRULDW MD JRRJOH IL VDODOLLWRQ QLPL WDL WDSDKWXPDQ QLPL WDL IL ZLNLSHGLD RUJ VDODOLLWWRWHRULD (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ VDODOLLWWRWHRULDW RVRLWWHLWD (WVLWllQ NXYLD WDSDKWXPDVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD WDSDKWXPLVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD VDODOLLWWRWHRULRLVWD .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL WHRULRLWD MD QLLGHQ V\QW\l DLKH NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ WHRULDDQ YDLNXWWDYLVWD DVLRLVWD 6DODOLLWWRWHRULRLWD RQ PXRGRVWXQXW PP VHXUDDYLVWD WDSDKWXPLVWD 6DODPXUKDW ²(OYLV .HQQHG\ 7XSDF 6DNXUL MQH 8IRLVWD 5RVVZHOOLQ WDSDXV 6XXURQQHWWR PXXNVLVWD 6LLRQLQ YLLVDLGHQ S|\WlNLUMRLVWD MQH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


8VNRPDWWRPLD MXWWXMD

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

8VNRPDWWRPLD MXWWXMD 7XWXVWXWDDQ PDDLOPDOOD V\QW\QHLVLLQ XVNRPDWWRPLLQ MXWWXLKLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD MXWXLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL XVNRPDWWRPLD MXWWXMD MD JRRJOH IL MXWXQ QLPL WDL WDSDKWXPDQ QLPL (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ XVNRPDWWRPLD MXWWXMD RVRLWWHLWD (WVLWllQ NXYLD MXWXLVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD WDSDKWXPLVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD XVNRPDWWRPLVWD MXWXLVWD .l\GllQ HULOOLVLVVl WDSDDPLVLVVD OlSL MXWWXMD MD QLLGHQ V\QW\l DLKH NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ MXWWXXQ YDLNXWWDYLVWD DVLRLVWD .DLNNLD MXWWXMD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD OLLNXQQDOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


8UEDDQLOHJHQGDW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

8UEDDQLOHJHQGDW 7XWXVWXWDDQ WXQQHWXLPSLLQ XUEDDQLOHJHQGRLKLQ

0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD 9lKLPPlLVYDDWLPXV WXORVWHWWX OHJHQGD WDL WLHWR NRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD OHJHQGRLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL XUEDDQLOHJHQGRMD NDXSXQNLWDULQD ZLNLSHGLD WXQQHWWXMD NDXSXQNLWDULQRLWD OXHWWHOR WDL IL ZLNLSHGLD RUJ NDXSXQNLWDULQDW (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ XUEDDQLOHJHQGD RVRLWWHLWD (WVLWllQ NXYLD WDSDKWXPDVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD XUEDDQLOHJHQGD DLKHHVWD .l\GllQ WDSDDPLVLVVD OlSL MXWWXMD MD QLLGHQ V\QW\l DLKH NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ MXWWXXQ YDLNXWWDYLVWD DVLRLVWD .DLNNLD MXWWXMD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 8UEDDQHMD OHJHQGRMD RYDW PP /RFK 1HVVLQ KLUYL| .XPPLWWHOHYDW NXXOXLVXXGHW :DOW 'LVQH\ RQ V\YlMllG\WHWW\ .DWRDYD OLIWDUL ² NHUWRPXNVHW MQH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


9DVWDXVWHQ PDDLOPD 7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

9DVWDXVWHQ PDDLOPD -lUMHVWHWllQ WLHWRNLOSDLOXMD HUL DLKHSLLUHLVWl 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL SLGHPPlQ WLHWRNLOSDLOXWXUQDXNVHQ +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXNVHQD RQ HWWl DLKHDOXHHW MD YDVWDXNVHW WXORVWHWDDQ SDSHULOOH WDL WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V SHOLQ YHWlMlOOH .XYLD IDNWRLVWD YRLGDDQ HWVLl LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL YDVWDXVWHQ PDDLOPD QHW (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD YDVWDXVWHQ PDDLOPDQ RVRLWH (WVLWllQ KDOXWWDHVVD NXYLD RLNHLVWD YDVWDXNVLVWD WDL DLKHLVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD WLHWRNLOSDLOXQ NRKWHHQD ROHYLHQ DLKHLGHQ PXNDDQ MD WXORVWHWDDQ WLHWR OXHWWDYDNVL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD WLHWRNLOSDLOXQ DLKHDOXHHVWD -lUMHVWl WLHWRNLOSDLOX MD Ql\Wl VHQ HGHWHVVl NXYLD QHWWLVLYXLOWD WHHPDVWD MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ DLKHLVWD .DLNNLD N\V\P\NVLl HL WDUYLWVH Nl\Gl NXYLHQ MD NHUWRPXVWHQ PXNDDQ OlSL PXWWD WLHWRNLOSDLOXD YlULWWll VH MRV RLNHLVWD YDVWDXNVLVWD HVLWHWllQ HQHPPlQ WLHWRD $LKHSLLULW RYDW ODDMRMD MRWHQ WLHWRNLOSDLOXXQ NDQQDWWDD SDQRVWDD XVHDOOD WDSDDPLVNHUUDOOD -lONLWRLPHW .XXQQHOODDQ NHVNXVWHOXW ORSSXXQ 3DONLWDDQ YRLWWDMD WDL YRLWWDMDW

.XYD PRUJXHILOH FRP DUFKLYH


0DDLOPDQHQQlW\NVHW NDXWWD DLNRMHQ

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

0DDLOPDQHQQlW\NVHW NDXWWD DLNRMHQ 7XWXVWXWDDQ PDDLOPDQHQQlW\NVLLQ NDXWWD DLNRMHQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD HQQlW\NVLVWl O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL PDDLOPDQHQQlW\NVHW NDXWWD DLNRMHQ WDL \OH IL HODYDDUNLVWR MD KWWS ZZZ DSXODQWD IL PDWWL \X LQGH[BIL KWPO VHNl (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ PXNDLVLD RVRLWWHLWD (WVLWllQ NXYLD HQQl W\NVLVWl MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ *RRJOHVWD OLVlWLHWRD WDSDKWXPLVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD DLKHHVWD .l\GllQ U\KPlQ WDSDDPLVLVVD OlSL HQQlW\NVLl DLKH NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ HQQlW\NVLVWl .DLNNLD HQQlW\NVLl HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 0\|V \RXWXEHVWD NDQQDWWDD HWVLl YLGHRLWD HQQlW\NVLVWl (QQlW\NVLl RYDW PP <OHLVXUKHLOXHQQlW\N VHW 9DQKLPPDW LKPLVHW *XLQQHVLQ HQQlW\NVHW MQH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


6XRPHQ VXXULPPDW NDODVDDOLLW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

6XRPHQ VXXULPPDW NDODVDDOLLW 7XWXVWXWDDQ 6XRPHQ VXXULPSLLQ NDODVDDOLLVLLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD

9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD NDODVDDOLLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVHHQ NRRWDDQ WLHWRD RVRLWWHLVVD JRRJOH IL 6XRPHQ VXXULPPDW NDODW WDL HQQlW\VNDODW (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKHHQ PXNDLVLD RVRLWWHLWD (WVLWllQ NXYLD NDODVDDOLLVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ WDULQRLWD MD OLVlWLHWRD VDDOLLGHQ VDDQQLVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD DLKHHVWD .l\GllQ U\KPlQ WDSDDPLVLVVD OlSL HQQlW\VVDDOLLW DLKH NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ HQQlW\NVLVWl .DLNNLD VDDOLLWD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 0\|V <RXWXEHVWD NDQQDWWDD HWVLl YLGHRLWD HQQlW\NVLVWl +DNXNHQWWllQ NLUMRLWHWDDQ HQQlW\NVHQ QLPL $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWHL RVDOOLVWXMLD Mll PXLVWHOXVWD WDL NHVNXVWHOXVWD µOLLDQµ DODNXORLVHNVL NRNRRQWXPLVHQ SllW\WW\l .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


2XGRLPPDW UDNHQQXNVHW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

PDDLOPDQ RXGRLQWD UDNHQQXVWD 7XWXVWXWDDQ PDDLOPDQ RXGRLPSDDQ UDNHQQXNVHHQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD 9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD UDNHQQXNVLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD

,QWHUQHW\KWH\V $LKHHVWD WLHWRD RVRLWWHHVVD ZZZ YLOODJHRKMR\ FRP VWUDQJH EXLOGLQJV RI WKH ZRUOG (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKH (WVLWllQ NXYLD UDNHQQXNVLVWD MD NDWVRWDDQ QH VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ OLVlWLHWRD UDNHQQXNVLVWD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL +XRP 6LYXLOWD O|\W\\ HUL NDWHJRULRLVVD RXWRXNVLD P\|V PP LKPHHOOLVLVWl SDLNRLVWD YDORNXYLVWD LKPLVLVWl MQH 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD DLKHHVWD .l\GllQ U\KPlQ WDSDDPLVLVVD OlSL UDNHQQXNVLD \NVL NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl MRV PDKGROOLVWD .HVNXVWHOODDQ DLKHHVWD .DLNNLD UDNHQQXNVLD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 0\|V <RXWXEHVWD YRL HWVLl YLGHRLWD DLKHHVWD $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWl MRNDLQHQ RVDOOLVWXMD VDD NRPPHQWRLGD DLKHWWD MD RVDOOLVWXD NHVNXVWHOXXQ .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


0DDSDOORQ llULPPlLVHW SDLNDW 7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

0DDSDOORQ llULPPlLVHW SDLNDW 7XWXVWXWDDQ PDDSDOORQ llULPPlLVLLQ SDLNNRLKLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD 9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD SDLNRLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD

,QWHUQHW\KWH\V $LKHHVWD WLHWRD RVRLWWHHVVD JRRJOH IL PDDSDOORQ llULPPlLVHW SDLNDW WDL IL ZLNLSHGLD RUJ MD SDLNDQ QLPHOOl OLVlKDNX JRRJOHVWD (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKH (WVLWllQ WLHWRD MD NXYLD SDLNRLVWD .DWVRWDDQ NXYDW VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ OLVlWLHWRD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD DLKHHVWD .l\GllQ U\KPlQ WDSDDPLVLVVD OlSL llULPPlLVLl SDLNNRMD \NVL NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ DLKHHVWD .DLNNLD SDLNNRMD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 0\|V <RXWXEHVWD YRL HWVLl YLGHRLWD DLKHHVWD blULPPlLVLl SDLNNRMD RYDW PP SRKMRLVLP PDW HWHOlLVLPPlW V\YLPPlW OHYHLPPlW NDXNDLVLPPDW SDLNDW MD SDLNDW MRLVVD RQ WHKW\ VllHQQlW\NVLl MQH $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWl MRNDLQHQ RVDOOLVWXMD VDD NRPPHQWRLGD DLKHWWD MD RVDOOLVWXD NHVNXVWHOXXQ .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ .XYD ZLNLSHGLD &UHDWLYH &RPPRQV 6WUDGD


<PSlULVW|Q WLOD 7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

<PSlULVW|Q WLOD 7XWXVWXWDDQ PDDSDOORQ \PSlULVW|Q WLODDQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD 9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD \PSlULVW|LVWl O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD

,QWHUQHW\KWH\V $LKHHVWD WLHWRD RVRLWWHHVVD ZZZ PDDLOPD QHW XXWLVHW MD JRRJOH IL XXWL V N R K W H H Q R W V L N N R W D L N R K W H H Q S D L N D Q Q L P L M D Z Z Z Z R U O G Z D W F K R U J (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKH (WVLWllQ WLHWRD MD NXYLD SDLNRLVWD .DWVRWDDQ NXYDW VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ OLVlWLHWRD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD DLKHHVWD 5\KPlQ WDSDDPLVLVVD Nl\GllQ OlSL SDLNNRMD \NVL NHUUDOODDQ MD OXHWDDQ OLVlWLHWRD QLLVWl .HVNXVWHOODDQ DLKHHVWD .DLNNLD SDLNNRMD HL WDUYLWVH Nl\Gl NHUUDOOD OlSL YDDQ QH YRLGDDQ MDNDD XVHDPPDOOH WDSDDPLVNHUUDOOH 0\|V <RXWXEHVWD YRL HWVLl YLGHRLWD DLKHHVWD $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWl MRNDLQHQ RVDOOLVWXMD VDD NRPPHQWRLGD DLKHWWD MD RVDOOLVWXD NHVNXVWHOXXQ .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


3DUKDLPPDW YLWVLW 7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

3DUKDLPPDW YLWVLW 7XWXVWXWDDQ YLWVHLKLQ MD QDXUHWDDQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD 9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD YLWVLQ DLKHLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD

,QWHUQHW\KWH\V $LKHHVWD WLHWRD RVRLWWHHVVD JRRJOH IL SDUKDLPPDW YLWVLW OLQNNLOXHWWHOR (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKH (WVLWllQ OLQNNLHQ WDNDD SDUKDLPSLD YLWVHMl MD WXORVWHWDDQ QH WDL Ql\WHWllQ YLGHRW\NLOOl RVDOOLVWXMLOOH -RV YLWVLLQ OLLWW\\ NXYLD QLLQ NDWVRWDDQ NXYDW VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ OLVlWLHWRD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD DLKHHVWD 5\KPlQ WDSDDPLVLVVD OXHWDDQ YLWVHMl WDL NRRWDDQ QLLVWl SDUKDDW MD ODDGLWDDQ YLLNRQ YLWVLW OLVWD .HVNXVWHOODDQ DLKHHVWD $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWl MRNDLQHQ RVDOOLVWXMD VDD NRPPHQWRLGD DLKHWWD MD RVDOOLVWXD NHVNXVWHOXXQ .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


6NHWVLHQ PDDLOPDDQ

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

6NHWVLHQ PDDLOPDDQ .DWVRWDDQ VNHWVHMl MD QDXUHWDDQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL 0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD 9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD DLKHHVHHQ OLLWW\HQ O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD

,QWHUQHW\KWH\V $LKHHVWD WLHWRD RVRLWWHHVVD JRRJOH IL VNHWVLW WDL ZZZ ULHPXUDVLD QHW UDVLDWXEH NDWHJRULDW WDL ZZZ \RXWXEH FRP VNHWVLW (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKH 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl (WVLWllQ VRSLYLD NDWVRWWDYLD VNHWVHMl (WVLWllQ HULNVHHQ OLVlWLHWRD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL 0\|V <RXWXEHVWD YRL HWVLl YLGHRLWD DLKHHVWD $LKHWWD YRLGDDQ PRQLSXROLVWDD PDDODDPDOOD NLUMRLWWDPDOOD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWl MRNDLQHQ RVDOOLVWXMD VDD NRPPHQWRLGD DLKHWWD MD RVDOOLVWXD NHVNXVWHOXXQ .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ .XYD PRUJXHILOH FRP DUFKLYH


+LVWRULDOOLVHW EDDULW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

+LVWRULDOOLVHW EDDULW MRLVVD Wl\W\\ Nl\Gl 7XWXVWXWDDQ HUL PDLGHQ KLVWRULDOOLVLLQ EDDUHLKLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL

0HQHWHOPlVWl YRL PXRGRVWDD XVHDPPDQ NHUUDQ SURVHVVLQ WDL OXRYXXWWD K\YlNVL Nl\WWlYlW WDSDDPLVHW RWWDPDOOD VLLKHQ PXNDDQ 77$3 RPLQDLVXXNVLD +HOSRKNR HGHOO\WWll HWXNlWHLVYDOPLVWHOXMD 9lKLPPlLVYDDWLPXV WLHWRNRQHOLLWlQWl LQWHUQHW\KWH\V 79 WDL YLGHRW\NNL NDLXWWLPHW .XYLD YLWVLQ DLKHLVWD O|\W\\ LQWHUQHWLVWl MRVWD QH YRL Ql\WWll RVDOOLVWXMLOOH +XRP .XYLD HL VDD NRSLRLGD WDL MDNDD LOPDQ OXSDD ,QWHUQHW\KWH\V $LKHHVWD WLHWRD RVRLWWHHVVD KWWS ZZZ EX]]IHHG FRP DULDQQDUHEROLQL EDUV HYHU\ ERRN QHUG QHHGV WR YLVLW (VLYDOPLVWHOX (WVLWllQ QHWWLVLYXLOWD DLKH MD NXYLD 1l\WHWllQ YLGHRW\NLOOl RVDOOLVWXMLOOH .XYDW NDWVRWDDQ VXRUDDQ QHWWLRVRLWWHHVWD (WVLWllQ HULNVHHQ OLVlWLHWRD MD WXORVWHWDDQ WLHWR OXHWWDYDNVL (WVL NRKWHLVWD WLHWRD P\|V 6XRPHQ NLHOLVLOWl VLYXLOWD 6HORVWXV WRLPLQQDQ HWHQHPLVHVWl .RNRD PDWHULDDOLD DLKHHVWD .l\GllQ WXWXVWXPDVVD EDDUHLKLQ MD YDOLWDDQ QLLVWl SDUKDDW .l\GllQ P\|V MRNDLVHQ EDDULQ RPLOOD VLYXLOOD MRLKLQ SllVHH NXYLHQ \KWH\GHVVl ROHYLVWD OLQNHLVWl .HVNXVWHOODDQ DLKHHVWD %DDU HMD RYDW PP 7KH (DJOH DQG &KLOG 2[IRUG (QJODQG 9HVXYLR &DIH 6DQ )UDQFLVFR :KLWH +RUVH 7 D Y H U Q 1 H Z < R U N & L W \ ( O ) O R U L G L W D + D Y D Q D & X E D & H U Y H F H U L D $ O H PD Q D 0 D G U L G 6 S D L Q & D U R X V H O % D U D W + R W H O 0 R Q W H O H RQ H 1 H Z 2 U O H D Q V . H Q Q H G \ · V ' X E O L Q , U H O D Q G 2 O G 7 R Z Q %D U D Q G 5 H V W D X U D Q W 1 H Z < R U N & L W\ /H V ' H X [ 0 D J R W V 3 D U L V ) U D Q F H 5 H G . H \ 7 D Y H U Q , Q G L D Q D S R O L V $ Q W L F R & D I I H * U H F R 5 RP H , W D O \ / D 5 R W R Q G H 3 D U L V )UDQFH $L KH WWD YRL GDD Q PRQL SXRO L VWDD PDD ODD PDO OD N LUMRL WWD PDO OD YHLVWRNVLQ PXVLLNLOOD OLVlNXYLOOD WDULQRLOOD MQH -lONLWRLPHW +XRPLRLGDDQ HWWl MRNDLQHQ RVDOOLVWXMD VDD NRPPHQWRLGD DLKHWWD MD RVDOOLVWXD NHVNXVWHOXXQ .XXQQHOODDQ MD NHVNXVWHOODDQ WXQWHHW ORSSXXQ

.XYD PRUJXHILOH FRP DUFKLYH


3DUKDDW W\|PDWND DXWRW

7RLPLQQDQ QLPL 7DYRLWH 2VDOOLVWXMD PllUl 7DUYLWWDYD DLND 9DLNHXVDVWH 7DUYLWWDYDW PDWHULDDOLW

3DUKDDW W\|PDWND DXWRW 7XWXVWXWDDQ YXRGHQ SDUKDLVLLQ W\|PDWND DXWRLKLQ 0HQHWHOPl VRSLL \NVLWWlLVHQ YDQKXNVHQ VHNl U\KPLHQ NDQVVD WRWHXWHWWDYDNVL

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