Sika guia de productos 2010

Page 1

$BUÈMPHP EF QSPEVDUPT %JTUSJCVDJØO


¶/%*$& (&/&3"¶OEJDF "MGBCÏUJDP EF 1SPEVDUPT

1SFTFOUBDJØO

¶OEJDF EF 1SPEVDUPT 'BNJMJBT

'JDIBT EF 1SPEVDUPT

$VBESPT 1SPCMFNB 4PMVDJØO

1VFEF FODPOUSBS UPEB MB JOGPSNBDJØO EF OVFTUSPT QSPEVDUPT FO XXX TJLB FT


¶OEJDF "MGBCÏUJDP EF 1SPEVDUPT "OUJTPM¥ & QÈ

H

"SNBm MM

QÈH

4JLB #PPN¥ 5 QÈ

H

¥

4JLB $FSBN *OUFSJPSFT

¥

"SNBHMBTT

QÈH

4JLB $FSBN $BQB (SVFTB

"SNBUPQ

QÈH

4JLB¥ $FSBN 1PSDFMÈOJDP

"SNBUPQ

QÈH

4JLB¥ $FSBN

#JUVTPM¥ QÈ

H ¥

$JOUBT 4JLB 17$

QÈH

¥

*HBT $PSEØO QÈ

H

¥

*HPM " QÈ ¥

*HPMBUFY QÈ ¥

H QÈ

H H QÈH

4JLB¥ $FSBN 'MFYJCMF ¥

4JLB $FSBN 'MFY 4VFMPT ¥

4JLB $FSBN

H QÈ

H QÈH

¥

H

4JLB $FSBN

QÈH

H

¥

QÈH

¥

4JLB$JN "OUJDPOHFMBOUF

-ÈNJOBT 4JLB %BO

QÈH

4JLB$JN 'JCSBT

QÈH

-ÈNJOBT 4JLB¥ %BO &MBTUØNFSP

QÈH

4JLB$JN¥ *NQFSNFBCJMJ[BOUF

QÈH

0MFPQMBTU¥ QÈ

H

4JLB$PMPS¥ 8

QÈH

1JTUPMBT QÈ

H

4JLB$PMPS¥ 8 4JM5FD

QÈH

¥

4BOJTJM QÈ

H

¥

4JLB ¥

4JLB ¥

4JLB B 4JLB B .PSUFSP 3ÈQJEP

QÈH

¥

4JLB$PMPS %FDPS &YUFSJPS

QÈH

4JLB$PMPS 1MVT

QÈH

QÈH

¥

QÈH

QÈH

¥

¥

QÈH

4JLB$PS )4 ¥

4JLBDSFUF 4$$

QÈH

¥

4JLBDSZM 4 QÈ

H

4JLB "ODIPS'JY¥ QÈ

H

4JLB¥ %FTFODPGSBOUF %

QÈH

4JLB "ODIPS'JY¥ QÈ

H

4JLB¥ %FTFODPGSBOUF &/

QÈH

4JLB "ODIPS'JY¥ QÈ

H

4JLB¥ %FTFODPGSBOUF -/

QÈH

¥

4JLB #JUVNJY

QÈH

¥

4JLB#POE "5 .FUBM

QÈH

¥

4JLB#POE "5 6OJWFSTBM ¥

4JLB#POE %JTQFOTFS

QÈH QÈH

¥

4JLB %JSFDU

QÈH

¥

4JLB %SBJO

QÈH

¥

4JLBEVS $'

QÈH

¥

QÈH

¥

H

4JLBEVS /

¥

4JLB#POE 2

QÈH

4JLBEVS QÈ

4JLB#POE¥ 5VCFSÓBT

QÈH

4JLBEVS¥ "ODMBKFT

QÈH

4JLB#POE¥ &

QÈH

4JLB¥ 'BTU'JY 51

QÈH

4JLB#POE¥ QÈ

H

4JLB¥ 'BTU'JY 51

QÈH

¥

4JLB#POE ' QÈ

H

¥

4JLB#POE 5 QÈ ¥

4JLB#POE 5 ¥

4JLB#POE 5 '$ ¥

H QÈ

H QÈH

¥

4JLB 'JCFS .

QÈH

¥

H

¥

QÈH

4JLBm MM QÈ 4JLBm MM 'JCSBT ¥

QÈH

¥

4JLB 'JMMFS 'JCSBT

QÈH

4JLB 'JMMFS

4JLB#POE 5 QÈ

H

4JLB#POE¥ 5 '$

QÈH

4JLB¥ 'JSFTJM /

QÈH

4JLB#POE¥ 5 QÈ

H

4JLB¥ 'JSF4UPQ

QÈH

4JLB#POE¥ 5 QÈ

H

4JLBn FY¥ "5 $POOFDUJPO

QÈH

¥

4JLB #PPN QÈ ¥

4JLB #PPN ' QÈ ¥

4JLB #PPN ( QÈ

H H H

¥

QÈH

¥

QÈH

¥

QÈH

¥

H

4JLBn FY "5 'BÎBEF 4JLBn FY 130 )1 4JLBn FY '$

¥

H

4JLBn FY 5 QÈ

¥

H

4JLBn PPS -FWFM

4JLB #PPN (4 QÈ 4JLB #PPN 4 QÈ

H


4JLBn PPS¥ QÈ ¥

4JLBn PPS ¥

4JLBn PPS

H QÈ

H

QÈ

H

4JLB¥ .POPUPQ 4FBM ¥

4JLB .POPUPQ '(

QÈH QÈ

Â¥

H

4JLB .POPUPQ 4

QÈH

4JLBn PPSÂ¥ 8

QÈH

4JLB .POPUPQÂ¥

QÈH

4JLBn PPSÂ¥ / &MBTUJD

QÈH

4JLB .POPUPQÂ¥

QÈH

4JLBHBSEÂ¥ 5FBL 0JM

QÈH

4JLB .POPUPQÂ¥

QÈH

Â¥

4JLBHBSE :FTP ¥

4JLBHBSE 8

QÈ

H

QÈ

Â¥

4JLB (BSEFO "EIFTJWF

H QÈ

H

Â¥

4JLB (FPUFY 1&4

QÈH

Â¥

Â¥

QÈH

Â¥

QÈH

Â¥

4JLB .POPUPQ 4

QÈH

4JLBNPS "

QÈH

4JLB .POPUPQ 4JLB .POPUPQ

Â¥

4JLB (FPUFY 11

QÈH

4JLB .VMUJ,JU

QÈH

4JLBÂ¥ (SPVU

QÈH

4JLBÂ¥ .VMUJ4FBM &

QÈH

4JLBÂ¥ (SPVU

QÈH

4JLB.VS¥ QÈ

4JLBÂ¥ (SPVU

QÈH

4JLBOPM (

QÈH

QÈH

4JLBOPM .

QÈH

QÈH

Â¥

QÈH

Â¥

QÈH

Â¥

QÈH

Â¥

Â¥

4JLBHVBSE 1JTDJOBT ¥

4JLBHVBSE 4 ¥

4JLBHVBSE 8

QÈH

Â¥

4JLBHVBSE QÈ

H

Â¥

H

4JLB 1BWF 'JY 1MVT 4JLB 1SJNFS .# 4JLB 3FQ

4JLB -BN *NQBDU

QÈH

4JLB 3FQ $PTNFUJD

QÈH

4JLBÂ¥ -BN *NQBDU

QÈH

4JLBÂ¥ 4FBM "

QÈH

4JLBÂ¥ -BN 4%

QÈH

4JLBÂ¥ 4FBM 5BQF 4

QÈH

4JLBÂ¥ -BN 41

QÈH

4JLBTJM¥ $ QÈ

Â¥

4JLBMBTUJD +BSEJOFSBT ¥

4JLBMBTUJD %8 ¥

4JLBMBTUJD QÈ 4JLBMBTUJD 5 QÈ ¥

4JLBMBTUJD 5$

QÈH

4JLBTJM )5 QÈ

H

QÈH

Â¥

H

H

Â¥

H

Â¥

H

4JLBTJM 1PPM QÈ ¥

4JLBTJM 41 QÈ

H

Â¥

4JLB4XFMM 4

QÈH

Â¥

H

4JLBUBSE QÈ

H

4JLBMBTUJDÂ¥ 8

QÈH

4JLBÂ¥ 5BQF

QÈH

4JLBÂ¥ -BUFY

QÈH

4JLBÂ¥ 5BQF .%

QÈH

4JLB-BZFSÂ¥

QÈH

4JLBÂ¥ 5BQF %4

QÈH

Â¥

QÈ

Â¥

4JLB -FWFM ¥

4JLB -FWFM &YUSB

QÈ

H

4JLBMJNQ QÈ

H

Â¥

4JLB .BY .JY $PMPS

QÈH

Â¥

QÈH ¥

4JLB 5PQ "SNBUFD &QP$FN QÈ ¥

4JLB 5PQ$MFBO 5

H QÈH

Â¥

QÈH

Â¥

QÈH

Â¥

4JLB 5PQ 3FTJOB EF 6OJØO 4JLB 5PQ .BTB QBSB &TQBUVMBS

4JLB .FNCSBOB

QÈH

4JLB 5PQ .PSUFSP EF 3FQBSBDJØO

QÈH

4JLBÂ¥ .FNCSBOB

QÈH

4JLB 5PQÂ¥ 41

QÈH

4JLBÂ¥ .FNCSBOB

QÈH

4JLB 5PQÂ¥ &4

4JLBNFOUÂ¥ ''

QÈH

4JLB 5PQÂ¥ 4FBM

Â¥

4JLBNFOU 3

QÈH

Â¥

4JLB .JOJ1BDL .PSUFSP EF 3FQBSBDJØO

QÈH

Â¥

4JLB .JOJ1BDL .PSUFSP *NQFSNFBCJMJ[BOUF

QÈH

Â¥

4JLB 7JTDP#POE ¥

QÈ

QÈH QÈ

4JTUFNB 4JLB (BSEFO ¥

4VQFS 4JLBMJUF

H

H QÈ

H QÈH

Â¥

4JLB .JOJ1BDL .PSUFSP 3ÈQJEP QBSB 'JKBDJPOFT QÈH 4JLB¥ .JOJQBDL 1FHBEP EF #BMEPTBT

QÈ

H

1VFEF FODPOUSBS UPEB MB JOGPSNBDJØO EF OVFTUSPT QSPEVDUPT FO XXX TJLB FT


"×PT EF )JTUPSJB EF 4JLB *OOPWBDJØO Z DPOTJTUFODJB -B IJTUPSJB EF 4JLB DPNJFO[B FO DVBOEP ,BTQBS 8JOLMFS FM GVOEBEPS EF 4JLB JOWFOUØ FM 4JLB VO BEJUJWP JNQFSNFBCJMJ[BOUF Z BDFMFSBEPS EF GSB HVBEP QBSB NPSUFSP VUJMJ[BEP QBSB JNQFSNFBCJMJ[BS FM 5ÞOFM EFM (PUBSEP QFSNJUJØ B MB DPNQB×ÓB TVJ[B EF GFSSPDBSSJM FMFDUSJm DBS FTUB JNQPSUBOUF DPOFYJØO FOUSF FM OPSUF Z FM TVS EF &VSPQB ,BTQBS 8JOLMFS TVQP SFDPOPDFS VOB EFNBOEB HMPCBM EF TVT BEJUJWPT QJPOFSPT Z BCSJØ TVDVSTBMFT BMSFEFEPS EFM NVOEP :B FO FYJTUÓBO FO &VSPQB && 66 "SHFOUJOB #SBTJM Z +BQØO RVF DSFBSPO OVFWPT NFSDBEPT QBSB MB RVÓNJDB EF MB DPOTUSVDDJØO )PZ FO EÓB 4JLB FT FM MÓEFS HMPCBM FO FTQFDJBMJEBEFT RVÓNJDBT QBSB MB DPOTUSVDDJØO Z MB JOEVTUSJB BQPSUBOEP TJTUFNBT DPNQMFUPT Z TPMVDJØO EF QSPCMFNBT

,BTQBS 8JOLMFS JOWFOUB j4JLBx 4JLB VOB TVCTUBODJB RVF B×BEJEB BM NPSUFSP MF IBDF JNQFSNFBCMF 1SJNFSB GÈCSJDB EF 4JLB FO /FVHBTTF VO CBSSJP NVZ DFSDBOP B MB FTUBDJØO DFOUSBM EF GFSSPDBSSJM EF ;VSJDI

-PT OVFWPT LN EFM 5ÞOFM EFM (PUBSEP TPO VOB WF[ NÈT VO QSPZFDUP JNQPSUBOUF QBSB 4JLB "VORVF FM 4JLB TJHVF TJFOEP QBSUF EF MB HBNB EF QSPEVDUPT FYJTUFO FO MB BDUVBMJEBE OVFWPT QSPEVDUPT EF UFDOPMPHÓB NÈT BWBO[BEB

*OWFSTJØO FO MB OVFWB QMBOUB EF GBCSJDBDJØO EF 16 ,BQBn FY FO %àEJOHFO 4VJ[B


)JUPT FO MPT B×PT EF IJTUPSJB EF 4JLB `-B JOOPWBDJØO TBUJTGBDF B MB EFNBOEB #BTÈOEPTF FO MBT OFDFTJEBEFT Z EFNBOEBT EFM NFSDBEP FO MPT ÞMUJNPT B×PT 4JLB IB MBO[BEP UFDOPMPHÓBT SFWPMVDJPOBSJBT Z DPODFQUPT FNQSFOEFEPSFT .VDIPT EF FMMPT IBO DPOUSJCVJEP B DBNCJBS FM NVOEP EF MB JOEVTUSJB Z EF MB DPOTUSVDDJØO

&OUSF Z TF JNQFSNFBCJMJ[BO UÞOFMFT DPO 4JLB¥ B MP MBSHP EF UPEP FM (PUBSEP

-BO[BNJFOUP EF 4JLBEVS¥ 4JLBHBSE¥ Z 4JLBn PPS¥ NPSUFSPT FQPYJ SFWFTUJNJFOUPT Z QBWJNFOUPT JOEVTUSJBMFT

4JLBEVS¥ 4#" BEIFTJWP QBSB TFHNFOUPT EF QVFOUFT

-BO[BNJFOUP BM NFSDBEP EFM TJTUFNB EF SFGVFS[P 4JLB $BSCPEVS¥ $,'

-BO[BNJFOUP EF 1MBTUJNFOU¥ FM QSJNFS SFUBSEBOUF Z SFEVDUPS EF BHVB QBSB IPSNJHØO EFM NFSDBEP

*OUSPEVDDJØO EFM BEJUJWP 4JLBNFOU¥ // FM QSJNFS IPSNJHØO n VJEP

%FDJTJØO EF EFTBSSPMMBS 4JLB *OEVTUSJB DPNP VOB TFHVOEB EJWJTJØO

-BO[BNJFOUP EF 4JLB 7JTDPDSFUF¥ 4$$ UFDOPMPHÓB EF IPSNJHØO BVUPDPNQBDUBCMF

*OWFODJØO EF 4JLBn FY¥ MB NBTJMMB EF QPMJVSFUBOP RVF TF DPOWJFSUF FO UFDOPMPHÓB QVOUB FO FM NVOEP EF MB DPOTUSVDDJØO Z NÈT UBSEF EF MB JOEVTUSJB

-BO[BNJFOUP BM NFSDBEP EF 4JLB 5PQ¥ NPSUFSPT EF SFQBSBDJØO DFNFOUPTPT EF DPNQPOFOUFT MJTUPT QBSB TV VTP

1SJNFS BEJUJWP QBSB IPSNJHØO QSPZFDUBEP TJO ÈMDBMJ 4JHVOJUB¥ "'

4JLB BERVJFSF 4BSOB ,VOTUTUPGG )PMEJOH "( OÞNFSP EF FNQMFBEPT 'BDUVSBDJØO


4JLB o -ÓEFS .VOEJBM FO 1SPEVDUPT 2VÓNJDPT EF MB $POTUSVDDJØO 4JLB FT VOB DPNQB×ÓB DPO QSFTFODJB HMPCBM RVF TVNJOJTUSB FTQFDJBMJEBEFT RVÓNJDBT Z FYQFSJFODJB FO MB B QMJDBDJØO 4JLB FT MÓEFS FO MB GBCSJDBDJØO EF QSPEVDUPT QBSB FM TFMMBEP QFHBEP JNQFSNFBCJMJ[BDJØO SFGVFS[P Z QSPUFDDJØO EF FTUSVDUVSBT UBOUP FO FM TFDUPS EF MB DPOTUSV DDJØO DPNP EF MB JOEVTUSJB 4JLB UJFOF VOB TØMJEB USBEJDJØO FO MB JOOPWBDJØO QFSTJHVJFOEP TJFNQSF MPT OJWFMFT NÈT BMUPT EF FYDFMFODJB &TUP TJHOJm DB EFTBSSPMMBS QSPEVDUPT Z TPMVDJPOFT JOOPWBEPSBT RVF BCSBO OVFWBT PQPSUVOJEBEFT QBSB MB DPNQB×ÓB TVT FNQMFBEPT Z TVT TPDJPT

4JLB FTUÈ QSFTFOUF FO QBÓTFT FO UPEP FM NVOEP DPO NÈT EF FNQMFBEPT RVF VOFO B OVFTUSPT DMJFOUFT EJSFDUBNFOUF DPO 4JLB Z HBSBOUJ[BO FM ÏYJUP EF UPEBT TVT SFMBDJPOFT EF OFHPDJP 4JLB HFOFSB WFOUBT EF NÈT EF NJM NJMMPOFT EF $)' BOVBMNFOUF


%JWJTJØO EF $POTUSVDDJØO -B %JWJTJØO EF $POTUSVDDJØO BCBSDB UPEPT MPT QSPEVDUPT Z TFSWJDJPT QSFTFOUFT FO FM NVOEP EF MB DPOTUSVDDJØO -PT QSPEVDUPT EF BMUBT QSFTUBDJPOFT 4JLB TPO Z IBO TJEP VUJMJ[BEPT FO UPEP FM NVOEP FO QVFOUFT UÞOFMFT GÈCSJDBT QBSLJOHT EFQØTJUPT EFQVSBEPSBT BFSPHFOFSBEPSFT UPSSFT EF SFGSJHFSBDJØO QSFTBT FUD BTÓ DPNP SBTDBDJFMPT Z FEJm DJPT JOTUJUVDJPOBMFT DPNFSDJBMFT P SFTJEFOD JBMFT -BT MÓOFBT EF QSPEVDUP 4JLB JODMVZFO BEJUJWPT QBSB IPSNJHØO NPSUFSPT FTQFDJBMFT TJTUFNBT EF JNQFSNFBCJMJ[BDJØO QSPEVDUPT EF TFMMBEP Z BEIF TJWPT TJTUFNBT EF SFGVFS[P TJTUFNBT QBSB DVCJFSUBT QBWJNFOUPT Z SFWFTUJNJFOUPT JOEVTUSJBMFT

"EJUJWPT QBSB IPSNJHØO

4JTUFNBT EF JNQFSNFBCJMJ[BDJØO

.PSUFSPT FTQFDJBMFT

3FGVFS[P FTUSVDUVSBM

1SPEVDUPT EF TFMMBEP

1BWJNFOUPT Z SFWFTUJNJFOUPT

"EIFTJWPT

$VCJFSUBT


4JLB FO FM OFHPDJP EF MB %JTUSJCVDJØO "×PT EF %JTUSJCVDJØO -B IJTUPSJB EF 4JLB FO MB %JTUSJCVDJØO DPNFO[Ø FO MPT B×PT FO &VSPQB Z -B UJOP "NÏSJDB DPNP VOB SFTQVFTUB FTQPOUÈOFB B MBT QFUJDJPOFT EF MPT DMJFOUFT QBSB DPNQSBS QSPEVDUPT FO FOWBTFT NÈT QFRVF×PT Z QBSB EJTQPOFS EF FMMPT FO MPT MVHBSFT EPOEF DPNQSBCBO PUSPT NBUFSJBMFT EF DPOTUSVDDJØO " MP MBSHP EF EÏDBEBT FTUP EFTBSSPMMØ VO JNQPSUBOUF OFHPDJP FO QBÓTFT DPNP "SHFOUJOB $PMPNCJB $IJMF ' SBODJB &TQB×B &TDBOEJOB WJB P 4VJ[B Z FO MPT B×PT 4JLB FYUFOEJØ FM OFHPDJP EF MB EJTUSJCVDJØO B OJWFM NVOEJBM "DUVBMNFOUF 4JLB %JTUSJCVDJØO FTUÈ QSFTFOUF FO NÈT EF QBÓTFT TVNJOJTUSBOEP BM DMJFOUF m OBM B USBWÏT EF VOB SFE NVOEJBM EF NÈT EF EJTUSJCVJEPSFT

%JTUSJCVJEPS EF 4JLB $PMPNCJB IBDF B×PT

1SPEVDUPT QSPGFTJPOBMFT B TV BMDBODF 4JLB TVNJOJTUSB QSPEVDUPT EF BMUBT QSFTUBDJPOFT RVF TF IBO VUJMJ[BEP DPO ÏYJUP FO MBT NBZPSFT PCSBT NVOEJBMFT -B FYQFSJFODJB Z MB DBMJEBE EF 4JLB HBOBEBT B USB WÏT EF EÏDBEBT FTUÈO BM BMDBODF EF D MJFOUFT UBOUP QSPGFTJPOBMFT DPNP OP QSPGFTJPOBMFT B USB WÏT EF OVFTUSB F YUFOTB SFE EF EJTUSJCVJEPSFT

-PT QSPEVDUPT 4JLB QBSB MB DPOTUSVDDJØO TB UJTGBDFO MPT NJTNPT SFRVJTJUPT EF DBMJEBE FO UPEP FM NVOEP Z FTUP DPOWJFSUF B 4JLB FO VO TPDJP m BCMF QBSB OVFTUSPT DMJFOUFT -PT QSPEVDUPT QSPGFTJPOBMFT 4JLB QBSB MB DPOTUSVDDJØO IBDFO RVF FM USBCBKP EF OVFTUSPT EJTUSJCVJEPSFT Z OVFTUSPT DMJFOUFT TFB NÈT GÈDJM Z TFHVSP


"MMÈ EPOEF USBCBKF P WJBKF FODPOUSBSÈ QSPEVDUPT 4JLB

1FSÞ

)VOHSÓB

3VNBOJB

$PSFB

7FOF[VFMB

)PMBOEB

(SFDJB

"MFNBOJB

1PSUVHBM

$SPBDJB

*OEJB

&TQB×B

4VEÈGSJDB

$IJOB

/VFWB ;FMBOEB

$BOBEÈ


1SPEVDUPT 4JLB OVFTUSB FYQFSJFODJB TV CFOFm DJP )BDF B×PT ,BTQBS 8JOLMFS FM GVOEBEPS EF 4JLB GVF QSPGÏUJDP FO TVT PCTFSWBDJPOFT TPCSF FM GVUVSP EF 4JLB DVBOEP FTDSJCJØ 5PEP FM NVOEP DPOPDF MBT EJm DVMUBEFT RVF SFTVMUBO EF MB IVNFEBE FO QBSFEFT Z TVFMPT UPEP FM NVOEP DPOPDF MPT QSPCMFNBT TBOJUBSJPT Z MPT EB×PT DBVTBEPT FO MB NBEFSB UFKJEPT QBQFM EF QBSFEFT FUD 4PO UBO PCWJBT RVF OP OFDFTJUBO EF NVDIB FYQMJDBDJØO &MJNJOBSMBT FT FM PCKFUJWP EFM B HFOUF EF QSPUFDDJØO DPOUSB FM BHVB Z MB IVNFEBE j4*,"x "MHVOBT DPTBT OVODB DBNCJBO IPZ FO EÓB 4JLB UPEBWÓB TF QSFPDVQB EF MPT SFUPT EF TVT DMJFOUFT Z MFT PGSFDF TPMVDJPOFT BQSPQJBEBT *OOPWBDJØO Z DPOTJTUFODJB EFTEF DPOTJTUFODJB FO MB DPPQFSBDJØO F JOOPWBDJØO FO MBT TPMVDJPOFT

"EJUJWPT QBSB NPSUFSPT Z IPSNJHPOFT *NQFSNFBCJMJ[BOUFT 4VQFS¥ 4JLBMJUF 4JLB¥ 4JLB$JN¥ *NQFSNFBCJMJ[BOUF "DFMFSBOUFT 0MFPQMBTU¥ QÈ 4JLB¥ 4JLB¥ B 3FUBSEBEPSFT 4JLBUBSE¥ QÈ 1MBTUJm DBOUFT "JSFBOUFT 4JLBOPM . 4JLBOPM ( 4JLBNPS " "EJUJWP NFKPSBEPS EF BEIFSFODJB 4JLB¥ -BUFY QÈ 4JLB 7JTDP#POE¥ *NQSJNBDJØO NFKPSBEPS EF BEIFSFODJB 4JLB 5PQ¥ 3FTJOB EF 6OJØO $PMPSBOUFT 4JLB¥ .BY .JY $PMPS 4VQFSQMBTUJm DBOUFT QBSB IPSNJHØO 4JLBNFOU¥ '' 4JLBNFOU¥ 3 'JCSBT EF QPMJQSPQJMFOP 4JLB$JN¥ 'JCSBT 4JLB¥ 'JCFS . "OJDPOHFMBOUFT 4JLB$JN¥ "OUJDPOHFMBOUF 1SPEVDUPT EF DVSBEP "OUJTPM¥ & QÈ %FTFODPGSBOUFT 4JLB¥ %FTFODPGSBOUF &/ 4JLB¥ %FTFODPGSBOUF -/ 4JLB¥ %FTFODPGSBOUF %

3FWFTUJNJFOUPT 'BDIBEBT 4JLBHVBSE¥ 4 4JLBHVBSE ¥ 8 4JLBHVBSE ¥ QÈ QÈ 4JLBHBSE¥ :FTP QÈ 4JLBHBSE¥ 8 4JLB$PMPS¥ 8 4JM5FD 4JLB$PMPS¥ %FDPS &YUFSJPS 4JLB$PMPS¥ 1MVT 4JLB$PMPS¥ 8 1JTDJOBT 4JLBHVBSE¥ 1JTDJOBT $VCJFSUBT 4JLBm MM¥ QÈ

QÈH QÈH QÈH H QÈH QÈH H QÈH QÈH QÈH QÈH H

4JLBm MM¥ 'JCSBT 4JLBn PPS ¥ / &MBTUJD 4JLBMBTUJD¥ QÈ QÈ 4JLBMBTUJD¥ 5$ 4JLBMBTUJD¥ 5 QÈ .VSPT Z $JNFOUBDJPOFT *HPM¥ " QÈ #JUVTPM¥ QÈ *HPMBUFY¥ QÈ 1BWJNFOUPT 4JLBn PPS ¥ 8 4JLBn PPS¥ QÈ QÈ 4JLBn PPS¥ QÈ 4JLBn PPS¥ 4JLB¥ #JUVNJY 1SPEVDUPT &TQFDJBMFT 4JLBMBTUJD¥ +BSEJOFSBT 4JLBMBTUJD¥ 8 4JLB$PS¥ )4 4JLB¥ %JSFDU 4JLBMBTUJD¥ %8 4JLB¥ 1SJNFS .#

QÈH QÈH H H H H H H QÈH H H H QÈH QÈH QÈH QÈH QÈH QÈH QÈH

QÈH QÈH QÈH QÈH QÈH QÈH QÈH H QÈH QÈH QÈH

QÈH QÈH H H H QÈH QÈH QÈH QÈH QÈH H

1SPEVDUPT EF TFMMBEP 1PMJVSFUBOPT 4JLBn FY¥ '$ 4JLBn FY¥ 130 )1 4JLBn FY¥ 5 QÈ 4JMJDPOBT 4BOJTJM¥ QÈ 4JLBTJM¥ 1PPM QÈ 4JLBTJM¥ 41 QÈ 4JLBTJM¥ $ QÈ "DSÓMJDPT Z CVUJMPT 4JLBDSZM¥ 4 QÈ 4JLB¥ 'JMMFS 4JLB¥ 'JMMFS 'JCSBT #JVNJOPTPT *HBT $PSEØO¥ QÈ 4JLB¥ .VMUJ4FBM & 1FSm MFT .BTJMMBT Z &TQVNBT &YQBOTJWBT 4JLB4XFMM¥ 4 1SPEVDUPT QBSB FM GVFHP 4JLB¥ 'JSF4UPQ 4JLBTJM¥ )5 QÈ 4JLB¥ 'JSFTJM / 4JLB #PPN¥ ' QÈ 5FDOPMPHÓB "5 4JLBn FY¥ "5 'BÎBEF 4JLBn FY¥ "5 $POOFDUJPO $JOUBT 4JLB¥ 4FBM 5BQF 4 $JOUBT 4JLB¥ 17$ 7BSJPT 4JLB¥ 1BWF 'JY 1MVT

QÈH QÈH H H H H H H QÈH QÈH H QÈH QÈH QÈH H QÈH H QÈH QÈH QÈH QÈH QÈH


1 FHBEP "EIFTJWPT 3ÓHJEPT 4JLBEVS¥ $' 4JLBEVS¥ / 4JLBEVS¥ QÈ "EIFTJWPT &MÈTUJDPT 16

4JLB#POE¥ 5 QÈ 4JLB#POE¥ 5 QÈ QÈ 4JLB#POE¥ 5 4JLB#POE¥ 5 '$ 4JLB#POE¥ 5 QÈ 4JLB#POE¥ 5 '$ 4JLB#POE¥ 5 QÈ 4JLB#POE¥ & 4JLB#POE¥ QÈ 4JLB#POE¥ 2 5FDOPMPHÓB "5 4JLB#POE¥ "5 6OJWFSTBM 4JLB#POE¥ "5 .FUBM "EIFTJWPT EF $POUBDUP 4JLB#POE¥ 5VCFSÓBT 4JLB#POE¥ ' QÈ 1BTUB &QPYJ 1PMJWBMFOUF 4JLB¥ .VMUJ,JU 7BSJPT 4JLB¥ 5BQF 4JLB¥ 5BQF .% 4JLB¥ 5BQF %4 4JLB¥ (BSEFO "EIFTJWF

QÈH QÈH H H H H QÈH H QÈH H QÈH H QÈH QÈH QÈH QÈH H QÈH

QÈ

.PSUFSPT QSFQBSBEPT 3FQBSBDJØO 4JLB 5PQ¥ "SNBUFD &QP$FN¥ QÈ 4JLB 5PQ¥ .BTB QBSB &TQBUVMBS Q 4JLB 5PQ¥ .PSUFSP EF 3FQBSBDJØO QÈ 4JLB .POPUPQ¥ '( 4JLB .POPUPQ¥ 4 ¥ 4JLB .POPUPQ 4JLB .POPUPQ¥ 4JLB .POPUPQ¥ 4JLB .POPUPQ¥ 4JLB¥ .JOJ1BDL .PSUFSP EF 3FQBSBDJØO 4JLB¥ 3FQ $PTNFUJD 4JLB .POPUPQ¥ 4JLB .POPUPQ¥ 4 *NQFSNFBCJMJ[BDJØO 4JLB 5PQ¥ 4FBM 4JLB¥ 4FBM " QÈ 4JLB 5PQ¥ &4 4JLB¥ .POPUPQ 4FBM 4JLB¥ .JOJ1BDL .PSUFSP *NQFSNFBCJMJ[BOUF 4JLB 5PQ¥ 41 5SBUBNJFOUP EF 'BDIBEBT 4JLB.VS¥ QÈ 4JLB¥ 3FQ 1BWJNFOUPT 4JLB¥ -FWFM QÈ 4JLB¥ -FWFM &YUSB QÈ 4JLBn PPS -FWFM .PSUFSPT EF 'SBHVBEP 3ÈQJEP 4JLB¥ B .PSUFSP 3ÈQJEP 4JLB¥ .JOJ1BDL .PSUFSP 3ÈQJEP QBSB 'JKBDJPOFT 4JLB¥ 'BTU'JY 51 4JLB¥ 'BTU'JY 51

QÈH QÈH QÈH H

H QÈH QÈH H QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH H QÈH QÈH QÈH H QÈH QÈH H H QÈH QÈH QÈH QÈH

1FHBEP Z SFKVOUBEP EF DFSÈNJDB "EIFTJWPT $FNFOUPTPT QÈ 4JLB¥ $FSBN *OUFSJPSFT QÈ 4JLB¥ $FSBN $BQB (SVFTB QÈ 4JLB¥ $FSBN 1PSDFMÈOJDP QÈ 4JLB¥ $FSBN 'MFYJCMF

H H H H

4JLB¥ $FSBN 'MFY 4VFMPT QÈ 4JLB¥ $FSBN ¥ QÈ 4JLB .JOJQBDL 1FHBEP EF #BMEPTBT 1BTUB "DSÓMJDB 4JLB¥ $FSBN "EIFTJWPT 3FBDUJWPT 4JLB¥ $FSBN

3FMMFOPT Z "ODMBKFT &YQVNBT FYQBOTJWBT 4JLB #PPN¥ QÈ 4JLB #PPN¥ 4 QÈ 4JLB #PPN¥ 5 QÈ 4JLB #PPN¥ ( QÈ 4JLB #PPN¥ (4 QÈ "ODMBKFT Z 3FMMFOPT 4JLB¥ (SPVU 4JLB¥ (SPVU 4JLB¥ (SPVU 4JLB "ODIPS'JY¥ QÈ 4JLB "ODIPS'JY¥ QÈ 4JLB "ODIPS'JY¥ QÈ 4JLBEVS¥ "ODMBKFT 4JLBDSFUF¥ 4$$

.BMMBT 5FKJEPT Z -ÈNJOBT *NQFSNFBCJMJ[BDJØO 4JLB¥ .FNCSBOB 4JLB¥ .FNCSBOB 4JLB¥ .FNCSBOB -ÈNJOBT "TGÈMUJDBT -ÈNJOBT 4JLB¥ %BO -ÈNJOBT 4JLB¥ %BO &MBTUØNFSP 1SPUFDDJØO 4JLB¥ -BN 41 4JLB¥ -BN *NQBDU 4JLB¥ -BN *NQBDU 4JLB-BZFS¥ %SFOBKF 4JLB¥ -BN 4% 4JLB¥ %SBJO (FPUFYUJMFT 4JLB¥ (FPUFY 1&4 4JLB¥ (FPUFY 11 .BMMBT EF 'JCSB EF 7JESJP "SNBUPQ "SNBUPQ "SNBm MM "SNBHMBTT QÈ 4JTUFNB 4JLB¥ (BSEFO

1SPEVDUPT "VYJMJBSFT -JNQJF[B 4JLBMJNQ QÈ 4JLB¥ 5PQ$MFBO 5 4JLBHBSE¥ 5FBL 0JM 1JTUPMBT 4JLB#POE¥ %JTQFOTFS 1JTUPMB .BOVBM 8FYGPSE 1JTUPMB .BOVBM 6OJWFSTBM 4JLB 1JTUPMFU 4 1JTUPMB /FVNÈUJDB 4BMDIJDIØO DD 1JTUPMB .BOVBM 4BMDIJDIØO DD 1JTUPMB 4JLB "ODIPSm Y .FUÈMJDB 1JTUPMB .FUÈMJDB 4JLB #PPN 1JTUPMB 4JLB #PPN ( %JTQFOTFS

H QÈH H QÈH QÈH

H H H H H QÈH QÈH QÈH H H H QÈH QÈH

QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH H

H QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH

1VFEF FODPOUSBS UPEB MB JOGPSNBDJØO EF OVFTUSPT QSPEVDUPT FO XXX TJLB FT


1VFEF FODPOUSBS UPEB MB JOGPSNBDJØO EF OVFTUSPT QSPEVDUPT FO XXX TJLB FT


*NQFSNFBCJMJ[BOUFT 4VQFSÂ¥ 4JLBMJUF 4JLBÂ¥ 4JLB$JNÂ¥ *NQFSNFBCJMJ[BOUF

QÈH QÈH QÈH

"DFMFSBOUFT 0MFPQMBTU¥ QÈ 4JLB¥ 4JLB¥ B

H QÈH QÈH

3FUBSEBEPSFT 4JLBUBSE¥ QÈ 1MBTUJm DBOUFT "JSFBOUFT 4JLBOPM . 4JLBOPM ( 4JLBNPS " "EJUJWP NFKPSBEPS EF BEIFSFODJB 4JLB¥ -BUFY 4JLB 7JTDP#POE¥ QÈ

H QÈH QÈH QÈH QÈH H

"EJUJWPT QBSB NPSUFSPT Z IPSNJHPOFT

4JLB FO UPEPT MPT QSPZFDUPT JNQPSUBOUFT

*NQSJNBDJØO NFKPSBEPS EF BEIFSFODJB 4JLB 5PQ¥ 3FTJOB EF 6OJØO QÈH $PMPSBOUFT 4JLB¥ .BY .JY $PMPS

QÈH

4VQFSQMBTUJm DBOUFT QBSB IPSNJHØO 4JLBNFOU¥ '' 4JLBNFOU¥ 3

QÈH QÈH

'JCSBT EF QPMJQSPQJMFOP 4JLB$JNÂ¥ 'JCSBT 4JLBÂ¥ 'JCFS .

QÈH QÈH

"OJDPOHFMBOUFT 4JLB$JNÂ¥ "OUJDPOHFMBOUF

QÈH

1SPEVDUPT EF DVSBEP "OUJTPM¥ & QÈ %FTFODPGSBOUFT 4JLB¥ %FTFODPGSBOUF &/ 4JLB¥ %FTFODPGSBOUF -/ 4JLB¥ %FTFODPGSBOUF %

H QÈH QÈH QÈH


4VQFSÂ¥ 4JLBMJUF *NQFSNFBCJMJ[BOUF FO QPMWP QBSB NPSUFSP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FWPDPT FOGPTDBEPT NPSUFSPT EF BTJFOUP FO „ 1JTDJOBT EFQØTJUPT DBOBMFT Z EFQVSBEPSBT „ 'BDIBEBT QBSFEFT TØUBOPT „ *NQFSNFBCJMJ[BOUF QBSB NPSUFSPT TFDPT QSFQBSBEPT

„ *NQFSNFBCJMJ[BOUF FO QPMWP QBSB NPSUFSP „ /P DPOUJFOF DMPSVSPT „ 'ÈDJM Z DØNPEP FNQMFP „ .FKPSB MB USBCBKBCJMJEBE „ 1FSNJUF MB USBOTQJSBCJMJEBE EF MPT NVSPT $POTVNP .PSUFSP H N DN .PSUFSP QSPZFDUBEP H N DN

$PMPSFT 1PMWP CMBODP

1SFTFOUBDJØO #PMTBT EF LH 4BDPT EF LH

4JLB¥ *NQFSNFBCJMJ[BOUF MÓRVJEP QBSB NPSUFSPT Z IPSNJHPOFT FYFOUP EF DMPSVSPT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

.PSUFSPT Z IPSNJHPOFT FO „ 1JTDJOBT EFQØTJUPT EFQVSBEPSBT „ $BOBMFT QP[PT BMDBOUBSJMMBT „ 'BDIBEBT QBSFEFT TØUBOPT

„ *NQFSNFBCJMJ[BOUF MÓRVJEP QBSB NPSUFSP Z IPSNJHØO „ /P DPOUJFOF DMPSVSPT „ 1BSB IPSNJHØO DPO FTQFTPSFT JOGFSJPSFT B DN „ .FKPSB MB USBCBKBCJMJEBE $POTVNP %JMVDJØO 4JLB "HVB LH N DN FTQFTPS

$PMPSFT -ÓRVJEP BNBSJMMP

1SFTFOUBDJØO (BSSBGBT EF LH Z LH


"EJUJWP MÓRVJEP JNQFSNFBCJMJ[BOUF QBSB NPSUFSP 6TPT "QMJDBDJPOFT WBSJBEBT &OGPTDBEP EF GBDIBEBT QBSFEFT Z TØUBOPT &OGPTDBEP JNQFSNFBCMF QBSB CBMTBT Z EFQØTJUPT .PSUFSP EF OJWFMBDJØO )PSNJHØO QBSB DBOBMFT QP[PT Z BMDBOUBSJMMBT 3FWFTUJNJFOUP EF QJTDJOBT

$BSBDUFSÓTUJDBT Z 7FOUBKBT 1SPQPSDJPOB BM NPSUFSP Z BM IPSNJHØO VOB HSBO JNQFSNFBCJMJEBE NFEJBOUF MB PCUVSBDJØO EF MB SFE DBQJMBS TJO BGFDUBS B MBT SFTJTUFODJBT NFDÈOJDBT &YFOUP EF DMPSVSPT $POTVNP #PMTB EF M QPS TBDP EF DFNFOUP

$PMPSFT #MBODP

1SFTFOUBDJØO #PMTB EF QMÈTUJDP EF M

0MFPQMBTU¥ "DFMFSBOUF MÓRVJEP QBSB IPSNJHPOFT Z NPSUFSPT FYFOUP EF DMPSVSPT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

0CSBT Z USBCBKPT NBSÓUJNPT 1SFGBCSJDBEPT 0CSBT TVCUFSSÈOFBT UÞOFMFT HBMFSÓBT FUD .PSUFSPT Z IPSNJHPOFT FO NBTB P BSNBEPT FO QSFTFODJB EF BHVB

"DFMFSBOUF TJO DMPSVSPT 4JSWF QBSB UPEP UJQP EF IPSNJHPOFT Z NPSUFSPT "VNFOUP EF MBT SFTJTUFODJBT JOJDJBMFT )PSNJHPOBEP CBKP BHVB $POTVNP "QSPY EF LH N EF IPSNJHØO EF LH EF DFNFOUP

$PMPSFT -ÓRVJEP NBSSØO

1SFTFOUBDJØO (BSSBGBT EF LH Z LH

"EJUJWPT QBSB NPSUFSPT Z IPSNJHPOFT

4JLB$JN¥ *NQFSNFBCJMJ[BOUF


4JLB¥ "DFMFSBOUF MÓRVJEP QBSB QBTUBT EF DFNFOUP EF GSBHVBEP VMUSB SÈQJEP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1BSB DPSUBS WÓBT EF BHVB Z GVFSUFT m MUSBDJPOFT FO IPSNJHØO SPDB GÈCSJDB EF MBESJMMP FUD FO HBMFSÓBT UÞOFMFT TØUBOPTy

3BQJEÓTJNP GSBHVBEP 'ÈDJM EF VTBS 5BQPOBNJFOUP EF WÓBT EF BHVB BJTMBEBT /P DPOUJFOF DMPSVSPT $POTVNP 7BSJBCMF FO GVODJØO EF MB JNQPSUBODJB EF MB WÓB EF BHVB B UBQPOBS

$PMPSFT -ÓRVJEP SPKP

1SFTFOUBDJØO (BSSBGBT EF LH

4JLB¥ B "DFMFSBOUF MÓRVJEP QBSB QBTUB EF DFNFOUP EF GSBHVBEP SÈQJEP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

&TUBODBNJFOUP EF m MUSBDJPOFT Z WÓBT EF BHVB EF EÏCJM 5BQPOBNJFOUP EF WÓBT EF BHVB EF NPEFSBEP DBVEBM P DPOUJFOF DMPSVSPT B NFEJBOB JOUFOTJEBE QSFWJBNFOUF B VO SFWFTUJNJFOUP / 'ÈDJM EF VTBS JNQFSNFBCMF $POTVNP LH N Z DN EF FTQFTPS 1VSP P EJMVJEP FO BHVB IBTUB VO NÈY EF FO WPMVNFO

$PMPSFT -ÓRVJEP JODPMPSP

1SFTFOUBDJØO (BSSBGBT EF LH Z LH


"EJUJWPT QBSB NPSUFSPT Z IPSNJHPOFT

4JLBUBSE¥ &TUBCJMJ[BEPS EF GSBHVBEP QBSB NPSUFSP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

.PSUFSPT EF DFNFOUP DPO VO UJFNQP EF QVFTUB FO PCSB 1FSNJUF MB GBCSJDBDJØO EF HSBOEFT DBOUJEBEFT EF QSPMPOHBEP FOGPTDBEPT SFWPDPT SFKVOUBEP BTJFOUP EF NPSUFSP Z VUJMJ[BSMP GSBDDJPOBEBNFOUF %JTNJOVZF MBT QFSEJEBT EF UJFNQP Z NBUFSJBM GÈCSJDB EF MBESJMMP

$POTFSWB MBT QSPQJFEBEFT EF VO NPSUFSP jSFDJÏO .PSUFSPT FTUBCJMJ[BEPT IFDIPx /P DPOUJFOF DMPSVSPT $POTVNP 7BSJBCMF FOUSF Z EFM QFTP EFM DFNFOUP

$PMPSFT -ÓRVJEP NBSSØO

1SFTFOUBDJØO (BSSBGBT EF LH

4JLBOPM . 4JLBNPS ( 4JLBNPS " 1MBTUJm DBOUF o BJSFBOUF EF GSBHVBEP OPSNBM QBSB NPSUFSP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

&O UPEP UJQP EF NPSUFSPT EF DFNFOUP QBSB "TJFOUP EF GÈCSJDB EF MBESJMMP CMPRVFT FUD &OGPTDBEPT SFWPDPT BMCB×JMFSÓB FO HFOFSBM .PSUFSPT jFTUBCJMJ[BEPTx FO DPNCJOBDJØO DPO PUSPT BEJUJWPT

.FKPSB MB USBCBKBCJMJEBE BSFOBT EF CBKB DBMJEBE

3FEVDFO FM BHVB EF BNBTBEP DPO BVNFOUP EF SFTJTUFODJBT NFDÈOJDBT .FKPSBO SFTJTUFODJBT B MBT JOUFNQFSJFT Z MBT IFMBEBT "VNFOUBO MB DPIFTJØO FWJUBOEP MB TFHSFHBDJØO $POTVNP 4JLBOPM¥ . H B H TBDP EF DFNFOUP 4JLBNPS¥ ( H B H TBDP EF DFNFOUP 4JLBNPSM¥ " H B H TBDP EF DFNFOUP

$PMPSFT 4JLBOPM¥ . -ÓRVJEP .BSSØO 4JLBNPS¥ " ( -ÓRVJEP *ODPMPSP 1SFTFOUBDJØO 4JLBOPM¥ . (BSSBGBT EF LH LH 4JLBNPS¥ ( (BSSBGBT EF LH Z LH 4JLBNPS¥ " (BSSBGBT EF LH Z LH


4JLB¥ -BUFY &NVMTJØO BEIFTJWB QBSB NPSUFSP P MFDIBEB EF DFNFOUP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

-FDIBEB EF BEIFSFODJB Z UBQBQPSPT .PSUFSPT QBSB m KBS UFKBT B[VMFKPT QJF[BT DFSÈNJDBT FUD .PSUFSPT EF SFQBSBDJØO Z QBSDIFP "MCB×JMFSÓB FO HFOFSBM FOGPTDBEPT SFWFTUJNJFOUPT FUD

"VNFOUBS MB BEIFSFODJB .FKPS MB USBCBKBCJMJEBE "VNFOUBS MB JNQFSNFBCJMJEBE .FKPSBS MB SFTJTUFODJB BM EFTHBTUF %JTNJOVJS FM SJFTHP EF m TVSBDJØO $POTVNP -FDIBEB LH N .PSUFSP LH N Z DN EF FTQFTPS

$PMPSFT -ÓRVJEP CMBODP MFDIPTP

1SFTFOUBDJØO (BSSBGBT EF LH Z LH Z CPMTB EF M

4JLB 7JTDP#POE¥ "EJUJWP NFKPSBEPS EF BEIFSFODJB QBSB NPSUFSP Z IPSNJHØO EF OVFWB HFOFSBDJØO 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

FO "EJUJWP NFKPSBEPS EF BEIFSFODJB NFKPSBEPS EF MB JNQFSNFBCJMJEBE NBSDBEP $& QMBTUJm DBOUF Z NFKPSBEPS EF SFTJTUFODJBT -FDIBEBT EF BEIFSFODJB BQMJDBEBT QSFWJBNFOUF B FOGPTDBEPT EF NPSUFSP 3FWFTUJNJFOUP JNQFSNFBCMF Z SFWPDPT DPO NFKPS BEIFSFODJB Z NFOPS m TVSBDJØO UBNCJÏO QBSB SFWPDPT EF ZFTP Z DBM

$PNP DBQB EF OJWFMBDJØO QBSB QBWJNFOUPT DPO BMUBT QSFTUBDJPOFT SFTJTUFODJB BM BHVB BM EFTHBTUF Z NFOPS DSFBDJØO EF QPMWP 3FMMFOP EF DPRVFSBT Z SFQFSm MBEP EF KVOUBT EF BMCB×JMFSÓB 3FQBSBDJØO QBSDIFP Z SFQFSm MBEP EF NPSUFSPT

'PSNVMBDJØO DPODFOUSBEB EF BMUBT QSFTUBDJPOFT GPSNVMBEB DPO UFDOPMPHÓB 4JLB 7JTDP$SFUF¥ .FKPSB MB BEIFSFODJB oFYDFMFOUF BEIFSFODJB JODMVTP FO TPQPSUFT MJTPT %JTNJOVZF MB QFSNFBCJMJEBE .FKPSB TJHOJm DBUJWBNFOUF MB USBCBKBCJMJEBE 3FEVDF MB m TVSBDJØO .FKPSB MB SFTJTUFODJB B EB×PT QPS IFMBEBT .FKPSB MB SFTJTUFODJB FMBTUJDJEBE F JNQFSNFBCJMJEBE .FKPSB MBT SFTJTUFODJBT RVÓNJDBT UBOUP EF NPSUFSPT DPNP EF IPSNJHPOFT $POTVNP o $PNP DBQB EF BEIFSFODJB _ M N Z NN EF FTQFTPS EF NPSUFSP o $PNP BEJUJWP QBSB NPSUFSP _ M M M NPSUFSP $PMPSFT -ÓRVJEP B[VMBEP

1SFTFOUBDJØO (BSSBGBT EF M Z M


*NQSJNBDJØO EF BEIFSFODJB QBSB NPSUFSPT Z ZFTPT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

4F VUJMJ[B DPNP QVFOUF EF BEIFSFODJB QBSB NPSUFSPT ZFTPT Z FTDBZPMBT -PT TPQPSUFT TPCSF MPT RVF TF QVFEF VTBS TPO )PSNJHØO FM NPSUFSP RVF TF WB B DPMPDBS OP FT EF NVZ CVFOB DBMJEBE P MB HSBOVMPNFUSÓB OP FTUÈ NVZ DVJEBEB NPSUFSPT JNQFSNFBCMFT MBESJMMP QJFESB OBUVSBM P BSUJm DJBM m CSPDFNFOUP UPEPT BRVFMMPT NBUFSJBMFT RVF OP UFOHBO QPSPTJEBE OVMB „ $BQB EF BEIFSFODJB QBSB SFBMJ[BS FOGPTDBEPT Z FOMVDJEPT „ 6OJPOFT EF UBCJRVFT DPO QJMBSFT „ 4F QVFEF VUJMJ[BS UBOUP QBSB DPMPDBS FM NPSUFSP P FM ZFTP TFHVJEBNFOUF P BM DBCP EF MBT IPSBT TJHVJFOUFT

„ -JTUP QBSB TV VTP „ %F GÈDJM BQMJDBDJØO JODMVTP QSPZFDUBCMF „ .BOUJFOF MB QFHBKPTJEBE EVSBOUF IPSBT UJFNQP QPS MP RVF OP FT OFDFTBSJP BQMJDBS FM NPSUFSP P ZFTP BDUP TFHVJEP „ /P JOn BNBCMF

„ $POTVNP LH N

$PMPSFT -ÓRVJEP CMBODP

1SFTFOUBDJØO (BSSBGBT EF LH Z LH

4JLBÂ¥ .BY .JY $PMPS 1JHNFOUP QBSB DPMPSFBS DFNFOUPT CMBODPT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

&M 4JLB¥ .BY.JY $PMPS TF QVFEF VTBS FO „ .PSFSPT QBSB BTJFOUPT EF GÈCSJDBT „ 1BWJNFOUPT „ 3FWFTUJNJFOUPT „ -FDIBEBT FUD

„ %JTQFSTJØO EFM DPMPS Fm DJFOUF Z SÈQJEB „ 'ÈDJM EF VTBS TJO MB DPNQMFKJEBE EFM FNQMFP EF BEJUJWPT FO QPMWP „ 4JTUFNB EF EPTJm DBDJØO GÈDJM RVF BTFHVSB VOB EPTJm DBDJØO FYBDUB FO DBEB NF[DMB Z TJO WBSJBDJØO EF DPMPS FOUSF NF[DMBT „ MJUSP EF 4JLB¥ .BY.JY $PMPS FT FRVJWBMFOUF B MJUSPT EF QSPEVDUP DPOWFODJPOBM „ 1SPEVDUP DPODFOUSBEP QBSB VO NBOFKP NÈT TFODJMMP Z VOB SFEVDDJØO EF DPTUFT EF BMNBDFOBNJFOUP Z EF USBOTQPSUF $POTVNP _ NM QPS DBEB LH EF NPSUFSP

$PMPSFT -ÓRVJEP OFHSP SPKP BNBSJMMP Z NBSSØO 1SFTFOUBDJØO #PUFMMB EF QMÈTUJDP EF M DPO VO GÈDJM TJTUFNB EF EPTJm DBDJØO

"EJUJWPT QBSB NPSUFSPT Z IPSNJHPOFT

4JLB 5PQ¥ 3FTJOB EF 6OJØO


4JLBNFOU¥ '' 4VQFSQMBTUJm DBOUF QBSB IPSNJHØO 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

$PNP TVQFSQMBTUJm DBOUF FO „ -PTBT GPSKBEPT DJNFOUBDJPOFT NVSPT QJMBSFT FTUSJCPT FUD „ &MFNFOUPT DPO HSBO EFOTJEBE EF BSNBEVSBT „ «SJEPT EF NBMB DBMJEBE „ $PNP SFEVDUPS EF BHVB „ 1SFGBCSJDBEPT „ )PSNJHØO QSFUFOTBEP „ &MFNFOUPT RVF IBZB RVF EFTFODPGSBS SBQJEBNFOUF

„ 'SBHVBEP OPSNBM „ "VNFOUP EF MB USBCBKBCJMJEBE DPO MB NJTNB DBOUJEBE EF BHVB EF BNBTBEP „ 3FEVDDJØO EF BHVB EF BNBTBEP QBSB JHVBM USBCBKBCJMJEBE „ *ODSFNFOUP EF MBT SFTJTUFODJBT NFDÈOJDBT B MPT EÓBT $POTVNP EFM QFTP EF DFNFOUP

$PMPSFT -ÓRVJEP JODPMPSP

1SFTFOUBDJØO

(BSSBGBT EF LH

4JLBNFOU¥ 3 4VQFSQMBTUJm DBOUF EF FGFDUP QSPMPOHBEP 6TPT „ 5SBCBKBCJMJEBE QSPMPOHBEB Z CVFOBT SFTJTUFODJBT „ )PSNJHØO CPNCFBEP Z USBOTQPSUBEP B MBSHBT EJTUBODJBT „ )PSNJHØO EF HSBO EFOTJEBE EF BSNBEVSBT „ )PSNJHPOBEP FO UJFNQP DBMVSPTP „ )PSNJHØO WJTUP EF BMUB DBMJEBE „ )PSNJHØO QBSB TVFMPT 3BEJBOUFT

$BSBDUFSÓTUJDBT Z 7FOUBKBT „ 5SBOTQPSUF MBSHP Z P DPO UJFNQP DBMVSPTP „ )PSNJHØO CPNCFBEP „ .FKPSFT SFTJTUFODJBT m OBMFT $POTVNP EFM QFTP EF DFNFOUP

$PMPSFT -ÓRVJEP NBSSØO

1SFTFOUBDJØO (BSSBGB EF LH


'JCSB EF QPMJQSPQJMFOP NVMUJm MBNFOUP QBSB FM SFGVFS[P EF IPSNJHPOFT Z NPSUFSPT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

.PSUFSPT EF SFWPDP EF GBDIBEB -PTBT EF IPSNJHØO TPMFSBT GPSKBEPT FUD

.PSUFSPT Z IPSNJHPOFT QSPZFDUBEPT &MFNFOUPT QSFGBCSJDBEPT 3FWFTUJNJFOUPT EF DBOBMFT

3FEVDDJØO EF MB m TVSBDJØO QPS SFUSBDDJØO F JNQJEJFOEP TV QSPQBHBDJØO "VNFOUP JNQPSUBOUF EFM ÓOEJDF EF UFOBDJEBE EFM IPSNJHØO .FKPSB MB SFTJTUFODJB BM JNQBDUP SFEVDJFOEP MB GSBHJMJEBE &O NFOPS DVBOUÓB NFKPSB MB SFTJTUFODJB B MB USBDDJØO Z B MB DPNQSFTJØO $POTVNP #PMTB EF H QPS TBDP EF DFNFOUP

$PMPSFT 'JCSBT CMBODBT

1SFTFOUBDJØO #PMTB EF HS $BKBT EF CPMTBT EF HS

4JLB¥ 'JCFS . 'JCSBT EF QPMJQSPQJMFOP NVMUJm MBNFOUP QBSB FM SFGVFS[P EF IPSNJHPOFT Z NPSUFSPT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

-PTBT EF IPSNJHØO TPMFSBT Z GPSKBEPT

1BWJNFOUPT EF IPSNJHØO )PSNJHØO QSPZFDUBEP &MFNFOUPT QSFGBCSJDBEPT FUD 3FWFTUJNJFOUPT EF DBOBMFT

%JTUSJCVZF EF NBOFSB IPNPHÏOFB MBT UFOTJPOFT EF MB NBTB FWJUBOEP m TVSBT 3FEVDF MB m TVSBDJØO QPS SFUSBDDJØO 3FEVDF FM SJFTHP EF EJTHSFHBDJØO .FKPSB MB SFTJTUFODJB B DPNQSFTJØO Z USBDDJØO $POTVNP CPMTB EF H QPS DBEB NFUSP DÞCJDP N EF IPSNJHØO

$PMPSFT 'JCSBT CMBODBT 1SFTFOUBDJØO #PMTB EF HS "VUPEFTUSVJCMFT FO MB NBTB EFM IPSNJHØO $BKB EF CPMTBT

"EJUJWPT QBSB NPSUFSPT Z IPSNJHPOFT

4JLB$JN¥ 'JCSBT


4JLB$JNยฅ "OUJDPOHFMBOUF "EJUJWP BOUJDPOHFMBOUF QBSB NPSUFSP Z IPSNJHร O FO CPMTBT EF QMร TUJDP 6TPT

$BSBDUFSร TUJDBT Z 7FOUBKBT

ย )PSNJHPOFT RVF WBZBO B TPQPSUBS UFNQFSBUVSBT BNCJFOUBMFT EF IBTUB o ยก$ o ยก$ ย 5SBCBKPT RVF TF SFBMJ[BO DPO VO MJHFSP GSร P EVSBOUF FM Eร B Z TF FTQFSBO IFMBEBT QPS MB OPDIF ย $VBOEP BNFOB[B PMBT EF GSร P

ย .FKPSB MB USBCBKBCJMJEBE TJO JODSFNFOUBS FM BHVB ย 3FEVDDJร O EF BHVB TJO Qร SEJEBT EF USBCBKBCJMJEBE ย .FKPSB EF MBT SFTJTUFODJBT Z EF MB JNQFSNFBCJMJEBE ย (SBO GBDJMJEBE EF EPTJm DBDJร O CPMTB EF QSPEVDUP QPS TBDP EF DFNFOUP

ย "VNFOUB MB SFTJTUFODJB B IFMBEBT EF IPSNJHร O GSFTDP $POTVNP #PMTB EF M QPS TBDP EF DFNFOUP

$PMPSFT -ร RVJEP JODPMPSP

1SFTFOUBDJร O #PMTBT EF QMร TUJDP EF M

"OUJTPMยฅ & 1SPEVDUP EF DVSBEP B CBTF EF QBSBm OBT QBSB IPSNJHร O Z NPSUFSP GSFTDP 6TPT

$BSBDUFSร TUJDBT Z 7FOUBKBT

ย $POTUSVDDJร O EF BVUPQJTUBT DBSSFUFSBT QJTUBT EF BFSPQVFSUP ย 3BNQBT QJTUBT EF QBUJOBKF GPSKBEPT DVCJFSUBT ย 1VFOUFT WJHBT QJMBSFT NVSPT MPTBT ย $BOBMFT QSFTBT QBWJNFOUPT JOEVTUSJBMFT QSFGBCSJDBEPT

ย $MJNBT TFDPT ย .VDIP TPM Z P WJFOUP ย (SBOEFT TVQFSm DJFT ย .JOJNJ[B MB SFUSBDDJร O ย "TFHVSB MB PCUFODJร O EF MBT SFTJTUFODJBT EFTFBEBT $POTVNP LH N

$PMPSFT -ร RVJEP CMBORVFDJOP

1SFTFOUBDJร O (BSSBGB EF LH


"EJUJWPT QBSB NPSUFSPT Z IPSNJHPOFT

4JLB¥ %FTFODPGSBOUF &/ -/ % "DFJUF EF EFTFODPGSBEP QBSB UPEP UJQP EF FODPGSBEPT 6TPT „ 4JLB %FTFODPGSBOUF &/ FNVMTJPOBEP FO BHVB QBSB FODPGSBEPT BCTPSCFOUFT „ 4JLB %FTFODPGSBOUF -/ QBSB FODPGSBEPT NFUÈMJDPT „ 4JLB %FTFODPGSBOUF % FNVMTJPOBEP FO BHVB QBSB FODPGSBEPT BCTPSCFOUFT

$BSBDUFSÓTUJDBT Z 7FOUBKBT „ 0CUFODJØO EF TVQFSm DJFT DPO CVFOB UFSNJOBDJØO „ 4JLB %FTFODPGSBOUF &/ Z % 1BSB FODPGSBEPT NVZ BCTPSCFOUFT EJMVJCMF FO PCSB „ 4JLB %FTFODPGSBOUF -/ -JTUP QBSB TV FNQMFP QSJODJQBMNFOUF QBSB FODPGSBEPT NFUÈMJDPT $POTVNP 4JLB¥ %FTFODPGSBOUF % M DBEB N EJMVJS

4JLBÂ¥ %FTFODPGSBOUF &/ M DBEB N EJMVJS

4JLBÂ¥ %FTFODPGSBOUF -/ M DBEB N

$PMPSFT -ÓRVJEP BNBSJMMFOUP

1SFTFOUBDJØO (BSSBGB EF M


'BDIBEBT 4JLBHVBSE¥ 4 4JLBHVBSE ¥ 8 4JLBHVBSE ¥ QÈ 4JLBHBSE¥ :FTP QÈ 4JLBHBSE¥ 8 QÈ 4JLB$PMPS¥ 8 4JM5FD 4JLB$PMPS¥ %FDPS &YUFSJPS 4JLB$PMPS¥ 1MVT 4JLB$PMPS¥ 8

QÈH QÈH H H H QÈH QÈH QÈH QÈH

1JTDJOBT 4JLBHVBSEÂ¥ 1JTDJOBT

QÈH

$VCJFSUBT 4JLBm MM¥ QÈ 4JLBm MM¥ 'JCSBT 4JLBn PPS ¥ / &MBTUJD 4JLBMBTUJD¥ QÈ 4JLBMBTUJD¥ 5$ QÈ 4JLBMBTUJD¥ 5 QÈ

H QÈH QÈH H H H

.VSPT Z $JNFOUBDJPOFT *HPM¥ " QÈ #JUVTPM¥ QÈ *HPMBUFY¥ QÈ 1BWJNFOUPT 4JLBn PPS ¥ 8 4JLBn PPS¥ QÈ 4JLBn PPS¥ 4JLBn PPS¥ 4JLB¥ #JUVNJY

QÈ QÈ

1SPEVDUPT &TQFDJBMFT 4JLBMBTUJDÂ¥ +BSEJOFSBT 4JLBMBTUJDÂ¥ 8 4JLB$PSÂ¥ )4 4JLBÂ¥ %JSFDU 4JLBMBTUJDÂ¥ %8 4JLBÂ¥ 1SJNFS .#

3FWFTUJNJFOUPT

4JLB FO UPEPT MPT QSPZFDUPT JNQPSUBOUFT

H H H QÈH H H H QÈH QÈH QÈH QÈH QÈH QÈH QÈH


4JLBHVBSE¥ 4 *NQSFHOBOUF IJESØGVHP QBSB GBDIBEBT B CBTF EF TJMPYBOPT 6TPT „ $PNP USBUBNJFOUP IJESPGVHBOUF QSJODJQBMNFOUF FO GBDIBEBT EF TVQFSm DJFT FYQVFTUBT B BHVB EF MMVWJB „ )PSNJHØO NPSUFSP MBESJMMP DBMDÈSFP P DFSÈNJDP UFKB DFSÈNJDB P EF NPSUFSP m CSPDFNFOUP

$BSBDUFSÓTUJDBT Z 7FOUBKBT „ *NQFSNFBCMF B MB MMVWJB JNQJEF BCTPSDJØO DBQJMBS „ *ODPMPSP OP NPEJm DB FM BTQFDUP EFM TPQPSUF „ (SBO EVSBCJMJEBE „ .FKPSB MB SFTJTUFODJB B MPT DJDMPT IJFMP EFTIJFMP „ 1VFEF TFS QJOUBEP DPO 4JLB$PMPS $POTVNP LH N Z DBQB

$PMPSFT -ÓRVJEP JODPMPSP

1SFTFOUBDJØO #PUF EF M Z M

4JLBHVBSE ¥ 8 *NQSFHOBOUF IJESØGVHP USBOTQBSFOUF QBSB GBDIBEBT QBSFEFT FUD FO CBTF BHVB 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

„ )BDF MBT GBDIBEBT JNQFSNFBCMFT Z QSPUFHF MPT „ (SBO DBQBDJEBE IJESPGVHBOUF NBUFSJBMFT EF DPOTUSVDDJØO DPOUSB FM BHVB EF MMVWJB „ .FKPSB MB SFTJTUFODJB EF MBT GBDIBEBT B MB BCTPSDJØO EF „ 1VFEF TFS BQMJDBEP TPCSF MB NBZPSÓB EF MPT TPQPSUFT BHVB TVQFSm DJBM DPNP IPSNJHØO NPSUFSP EF BMCB×JMFSÓB MBESJMMP QJFESB „ &M USBUBNJFOUP FT USBOTQBSFOUF TJO NPEJm DBS FM BTQFDUP Z MB QPSPTJEBE EFM TPQPSUF m CSP DFNFOUP FUD „ &GFDUP JNQFSNFBCMF NJFOUSBT QFSNJUF BM TPQPSUF SFTQJSBS QSPUFHF B MPT NBUFSJBMFT EF DPOTUSVDDJØO EFM BHVB EF MMVWJB „ .FKPSB MB SFTJTUFODJB B MB TVDJFEBE Z SFEVDF MB GPSNBDJØO EF IPOHPT MÓRVFOFT Fn VPSFTDFODJBT FUD $POTVNP H N )PSNJHØO Z .PSUFSP

H N 1JFESB Z -BESJMMP

$PMPSFT *ODPMPSP

1SFTFOUBDJØO (BSSBGBT EF M Z M


3FWFTUJNJFOUPT

4JLBHVBSE ¥ *NQSFHOBOUF IJESØGVHP Z GVOHJDJEB EF FGFDUP QFSNBOFOUF 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

„ 1SPUFHF B MPT NBUFSJBMFT EF MB QFOFUSBDJØO EFM BHVB Z EFM „ &MJNJOB BMHBT MÓRVFOFT Z NVTHP EF GBDIBEBT Z DSFDJNJFOUP EF NJDSPPSHBOJTNPT DVCJFSUBT „ "QMJDBS TPCSF TPQPSUF EF IPSNJHØO MBESJMMP „ 3FUSBTB FM DSFDJNJFOUP EF NJDSPPSHBOJTNPT BM NFOPT NBNQPTUFSÓB NPSUFSP QJFESB P m CSPDFNFOUP B×PT „ 5JFOF FGFDUP SFQFMFOUF „ /P NPEJm DB FM BTQFDUP EF MB GBDIBEB „ 4F QVFEF SFDVCSJS DPO QJOUVSBT $POTVNP H N

$PMPSFT *ODPMPSP

1SFTFOUBDJØO #PUFT EF M Z M

4JLBHBSE¥ :FTP 3FTJOB BDSÓMJDB FO EJTQFSTJØO QBSB FM USBUBNJFOUP EF IVNFEBEFT FO ZFTP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

„ 5SBUBNJFOUP EF IVNFEBEFT FO NVSPT JOUFSJPSFT TPCSF TVQFSm DJFT EF ZFTP P FTDBZPMB DVBOEP QFRVF×BT IVNFEBE QSPDFEFOUF EFM TPQPSUF QSPWPDB MB EFDPMPSBDJØO Z EFTQSFOEJFOEP EFM QBQFM P BNQPMMBNJFOUPT EF MB QJOUVSB „ -PT TPQPSUFT USBUBEPT DPO 4JLBHBSE¥ :FTP QVFEFO TFS SFDVCJFSUPT QPTUFSJPSNFOUF DPO QJOUVSB P QBQFMFT QJOUBEPT

„ 6OB WF[ TFDP FT JODPMPSP „ &YDFMFOUF QFOFUSBDJØO FO MPT QPSPT „ #BKB WJTDPTJEBE „ #BKP DPOTVNP $POTVNP "QSPYJNBEBNFOUF LH N

6OB WF[ TFDP FM 4JLBHBSE¥ :FTP GPSNB VOB CBSSFSB JNQFSNFBCMF RVF FWJUB „ -B GPSNBDJØO EF NPIP Z NBODIBT EF TBMJUSF „ "NQPMMBNJFOUPT QPTUFSJPSFT FO MB QJOUVSB „ %FTQSFOEJNJFOUP EFM QBQFM „ %FUFSJPSP EFM TPQPSUF

$PMPSFT -ÓRVJEP CMBODP

1SFTFOUBDJØO (BSSBGBT EF LH


4JLBHBSE¥ 8 *NQSFHOBDJØO IJESØGVHB Z SFQFMFOUF BM BDFJUF QBSB TVFMPT QPSPTPT 6TPT 1BSB DPOTFHVJS TVFMPT IJESPGVHBEPT Z SFTJTUFOUFT BM BDFJUF 4JLBHBSE¥ 8 TF QVFEF BQMJDBS TPCSF TPQPSUFT DPO QPSPTJEBE CBKB Z NFEJB DPNP CBMEPTBT IPSNJHØO NPSUFSP NBNQPTUFSÓB MBESJMMP Z QJFESB

$BSBDUFSÓTUJDBT 7FOUBKBT &YDFMFOUF QFOFUSBDJØO 'ÈDJM EF VTBS 3FEVDF MB BCTPSDJØO EF BHVB QPS DBQJMBSJEBE QSPUFDDJØO DPOUSB FM BHVB EF MMVWJB Z MB FOUSBEB EF BHVB 3FEVDF MB BCTPSDJØO EFM BHVB Z EFM BDFJUF /P GPSNB DBQB $POTVNP _ H N QPS DBQB

$PMPSFT -ÓRVJEP CMBORVFDJOP 5SBOTQBSFOUF VOB WF[ TFDP

1SFTFOUBDJØO (BSSBGB Z M

4JLB$PMPS¥ 8 4JM5FD 1JOUVSB EF BMUB HBNB QBSB GBDIBEBT B CBTF EF SFTJOBT BDSÓMJDBT Z EF TJMJDPOBT FO EJTQFSTJØO BDVPTB 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

4F VUJMJ[B DPNP SFWFTUJNJFOUP EF GBDIBEBT EF FEJm DJPT "MUB EVSBCJMJEBE *NQFSNFBCMF BM BHVB EF MMVWJB DPO BMUPT SFRVFSJNJFOUPT UBOUP EF IPSNJHØO DPNP NPSUFSP MBESJMMP QJFESB Z QFSNFBCMF BM WBQPS EF BHVB *ODSFNFOUB MB EVSBCJMJEBE EF MPT NBUFSJBMFT RVF DPNQPOFO MB GBDIBEB 4F DPOTJHVF VO BDBCBEP MJTP DPMPSFBEP EF HSBO FTUÏUJDB 3FTJTUF MB JOUFNQFSJF TJO BNBSJMMFBNJFOUP 4JO QFHBKPTJEBE RVF BEIJFSB MB TVDJFEBE #VFOB DVCSJDJØO $POTVNP H N Z DBQB

$PMPSFT 4FHÞO DBSUB EF DPMPSFT

1SFTFOUBDJØO #PUFT EF LH


3FWFTUJNJFOUPT

4JLB$PMPS¥ %FDPS &YUFSJPS 1JOUVSB NBUF EF DPQPMÓNFSPT BDSÓMJDPT FO CBTF BHVB QBSB MB QSPUFDDJØO Z EFDPSBDJØO EF GBDIBEBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

&YDFMFOUF SFMBDJØO DBMJEBE QSFDJP 1BSB MB QSPUFDDJØO Z EFDPSBDJØO EF GBDIBEBT TPCSF MPT TJHVJFOUFT UJQPT EF NBUFSJBMFT IPSNJHØO NPSUFSP &TUSVDUVSB UJYPUSØQJDB DPO CVFO QPEFS EF SFMMFOP MBESJMMP QJFESB OBUVSBM P BSUJm DJBM FUD

"QMJDBCMF TPCSF TPQPSUFT EF DBM #VFOB USBOTQJSBCJMJEBE #VFOB MBWBCJMJEBE /P BNBSJMMFB $POTVNP -B QSJNFSB DBQB HS N Z MB TFHVOEB DBQB FOUSF o HS N

$PMPSFT 4FHÞO DBSUB EF DPMPSFT

1SFTFOUBDJØO #PUFT EF LH M

4JLB$PMPS¥ 1MVT 1JOUVSB EF QSPUFDDJØO Z EFDPSBDJØO QBSB FYUFSJPSFT EF BMUB EVSBCJMJEBE EF FGFDUP BOUJ NPIP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FDPNFOEBEP QBSB MB QSPUFDDJØO Z EFDPSBDJØO EF GBDIBEBT

"MUP DPOUFOJEP FO QJHNFOUPT &TUSVDUVSB UJYPUSPQJDB DPO HSBO QPEFS DVCSJFOUF &YDFMFOUF QSPUFDDJØO BOUJDBSCPOBUBDJØO #VFOB USBOTQJSBCJMJEBE &TQFDJBMNFOUF GPSNVMBEP QBSB DPOTFHVJS DPMPSFT JOUFOTPT .VZ BMUB SFTJTUFODJB B MB JOUFNQFSJF $POTVNP -B QSJNFSB DBQB HS N Z MB TFHVOEB DBQB FOUSF o HS N

$PMPSFT

4FHÞO DBSUB EF DPMPSFT

1SFTFOUBDJØO #PUFT EF LH MJTP Z LH SVHPTP


4JLB$PMPS¥ 8 1JOUVSB NJOFSBM EF FNVMTJØO EF TJMJDBUP QBSB GBDIBEBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"EFDVBEB QBSB IBDFS SFWFTUJNJFOUPT EF GBDIBEBT DPO DBSBDUFSÓTUJDBT EF JNQFSNFBCJMJ[BDJØO EFDPSBDJØO P QSPUFDDJØO EFM TPQPSUF BVNFOUBOEP TV EVSBCJMJEBE "EFDVBEB QBSB BQMJDBSMB TPCSF TPQPSUFT EF IPSNJHØO NPSUFSP EF DFNFOUP EF DBM Z CBTUBSEPT QJFESB BSUJm DJBM Z OBUVSBM QJOUVSBT EF DBM P TJMJDBUP BOUJHVBT MBESJMMP m CSPDFNFOUP P NPSUFSPT QPSØHFOPT 4JLB.VS

*NQFSNFBCMF BM BHVB Z QFSNFBCMF BM WBQPS EF BHVB &YDFMFOUF SFTJTUFODJB BM FOWFKFDJNJFOUP Z MB JOUFNQFSJF #VFOB DVCSJDJØO 3FBDDJPOB DPO FM TPQPSUF TJMJDJm DBDJØO Z QFUSJm DBDJØO NFKPSBOEP MBT DPOEJDJPOFT EFM NJTNP &WJUB MB GPSNBDJØO EF BMHBT Z PUSPT NJDSPPSHBOJTNPT "TQFDUP NBUF OBUVSBM OP CSJMMBOUF $POTVNP H DN Z DBQB

$PMPSFT 4FHÞO DBSUB EF DPMPSFT

1SFTFOUBDJØO #PUFT EF LH

4JLBHVBSE¥ 1JTDJOBT 3FWFTUJNJFOUP BDSÓMJDP JNQFSNFBCJMJ[BOUF QBSB QJTDJOBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

$PNP BDBCBEP JNQFSNFBCMF Z EF QSPUFDDJØO FO QJTDJOBT TPCSF IPSNJHØO NPSUFSP Z SFWFTUJNJFOUPT BOUJHVPT TF SFDPNJFOEB IBDFS FOTBZPT QSFWJPT

/P BEFDVBEP QBSB BHVBT UFSNBMFT Z QJTDJOBT DVCJFSUBT

"MUB FTUÏUJDB 'ÈDJM MJNQJF[B Z EFTJOGFDDJØO &YDFMFOUF SFTJTUFODJB BM BHVB Z QSPEVDUPT RVÓNJDPT 3FTJTUFOUF BM DSFDJNJFOUP EF WFHFUBDJØO IPOHPT P BMHBT -JTUP QBSB TV VTP $POTVNP H N Z DBQB

$PMPSFT #MBODP B[VM DJFMP Z B[VM UVSRVFTB

1SFTFOUBDJØO #PUFT EF LH


3FWFTUJNJFOUPT

4JLBm MM¥ 3FWFTUJNJFOUP FMÈTUJDP QBSB JNQFSNFBCJMJ[BDJØO jJO TJUVx 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

$VNQMF DPO MB /PSNB 6/& EF j-ÈNJOBT *NQFSNFBCJMJ[BDJØO EF DVCJFSUBT WJTJUBCMFT QBSFEFT n FYJCMFT EF BQMJDBDJØO jJO TJUVx B CBTF EF DPQPMÓNFSPT NFEJBOFSBT DBOBMJ[BDJPOFT FUD 4PCSF CBMEPTÓO DBUBMÈO FTQVNB EF QPMJVSFUBOP FO EJTQFSTJØO BDVPTB DPO BSNBEVSB QBSB m CSPDFNFOUP MÈNJOBT BTGÈMUJDBT DPO BDBCBEP EF JNQFSNFBCJMJ[BDJPOFT FO MB FEJm DBDJØOx BMVNJOJP P QJ[BSSB [JOD BMVNJOJP NBEFSB UFKB MBESJMMP 'MFYJCMF NPSUFSP IPSNJHØO FUD 7JTJUBCMF OP USBOTJUBCMF 3FTJTUFOUF B JOUFNQFSJFT EVSBEFSB #BTF BDVPTB 'ÈDJM BQMJDBDJØO $POTVNP LH N FO EPT DBQBT

$PMPSFT #MBODP (SJT 3PKP »YJEP Z 3PKP 5FKB

1SFTFOUBDJØO #PUFT EF LH LH Z LH

4JLBm MM¥ 'JCSBT 3FWFTUJNJFOUP FMÈTUJDP DPO m CSBT QBSB JNQFSNFBCJMJ[BDJØO jJO TJUVx 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

*NQFSNFBCJMJ[BDJØO EF DVCJFSUBT WJTJUBCMFT TPCSF EJWFSTPT UJQPT EF TPQPSUFT 5FSSB[B EF CBMEPTÓO DBUBMÈO FTQVNB EF QPMJVSFUBOP QSPZFDUBEB m CSPDFNFOUP [JOD BMVNJOJP OBEFSB UFKBT MBESJMMP NPSUFSPT IPSNJHØO MÈNJOBT BTGÈMUJDBT DPO BDBCBEP FO BMVNJOJP P QJ[BSSB FUD 1SPUFDDJØO EF QBSFEFT NFEJBOFSBT DPOUSB m MUSBDJPOFT EF BHVB EF FTDPSSFOUÓB 1BSBNFOUPT WFSUJDBMFT DBOBMJ[BDJPOFT FUD 1VFOUFP EF KVOUBT Z m TVSBT 3FQBSBDJØO EF UFKBT Z DBOBMPOFT EF [JOD 5SBUBNJFOUP EF FODVFOUSPT FO DIJNFOFBT 1BSB TV BQMJDBDJØO TPCSF TPQPSUFT EF 17$ P EF QPMJÏTUFS Z TPCSF QJOUVSB TF SFDPNJFOEB SFBMJ[BS FOTBZPT QSFWJPT jJO TJUVx QBSB EFUFSNJOBS TV DPNQBUJCJMJEBE Z TJ FT QSFDJTP SFBMJ[BS VO MJKBEP QSFWJP

*NQFSNFBCMF B MMVWJB Z TBMQJDBEVSBT "MUB FMBTUJDJEBE Z DBQBDJEBE EF QVFOUFP EF m TVSBT EFM TPQPSUF (SBO SFTJTUFODJB B USBDDJØO $JSDVMBCMF (SBO EVSBCJMJEBE B MB JOUFNQFSJF 'ÈDJM BQMJDBDJØO FO GSÓP QPS NÏUPEPT USBEJDJPOBMFT $BQB[ EF BDPNQB×BS MPT NPWJNJFOUPT EF EJMBUBDJØO Z DPOUSBDDJØO EFM TPQPSUF TJO BHSJFUBSTF #VFOB BEIFSFODJB B MB NBZPS QBSUF EF MPT TPQPSUFT IPSNJHØO NPSUFSP m CSPDFNFOUP UFKBT MBESJMMPT BDFSP [JOD BMVNJOJP CJUVNJOPTPT %F CBTF BDVPTB OP UØYJDP OJ JOn BNBCMF $POTVNP "M NFOPT LH N FO EPT P NÈT DBQBT $PMPSFT -ÓRVJEP WJTDPTP SPKP ØYJEP HSJT CMBODP Z SPKP UFKB

1SFTFOUBDJØO #PUFT EF LH Z LH


4JLBn PPS ¥ / &MBTUJD 3FWFTUJNJFOUP JNQFSNFBCMF EF BMUB FMBTUJDJEBE SFTJTUFOUF B SBZPT 67 QBSB CBMDPOFT UFSSB[BT FUD 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

„ .FNCSBOB EF JNQFSNFBCJMJ[BDJØO DPO DBQBDJEBE EF QVFOUFP EF m TVSBT QBSB IPSNJHØO QBWJNFOUPT DFNFOUPTPT CBMEPTBT Z QBWJNFOUPT BOUJHVPT „ 1BSB FYQPTJDJPOFT NFDÈOJDBT MJHFSBT B NFEJBT FO CBMDPOFT UFSSB[BT FTDBMFSBT QBTBSFMBT FUD „ 3FWFTUJNJFOUP MJTUP QBSB VUJMJ[BS EF VO DPNQPOFOUF DPMPSFBEP QVFOUFB m TVSBT Z FT SFTJTUFOUF B MPT SBZPT 67 Z BM UJFNQP

„ 3FTJTUFODJB B SBZPT 67 Z BM UJFNQP „ *NQFSNFBCJMJ[BOUF „ &MÈTUJDP DPO DBQBDJEBE EF QVFOUFP EF m TVSBT „ 'ÈDJM BQMJDBDJØO DPO SPEJMMP P MMBOB „ 4FDBEP SÈQJEP „ 1PTJCJMJEBE EF BDBCBEPT BOUJEFTMJ[BOUFT „ /P BNBSJMMFB $POTVNP LH N

$PMPSFT (SJT CFJHF SPKP

1SFTFOUBDJØO #PUF EF LH Z LH

4JLBMBTUJD¥ .FNCSBOB FMÈTUJDB JNQFSNFBCJMJ[BOUF QBSB DVCJFSUBT B CBTF EF QPMJVSFUBOP NPOPDPNQPOFOUF 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

„ $PNP NFNCSBOB BMUBNFOUF FMÈTUJDB DPOUJOVB DPO FYDFMFOUFT QSPQJFEBEFT EF QVFOUFP EF m TVSBT „ 1VFOUFB m TVSBT JODMVTP B UFNQFSBUVSBT NVZ CBKBT „ .FNCSBOB JNQFSNFBCMF DPOUJOVB TJO VOJPOFT FO DVCJFSUBT Z FTUSVDUVSBT EF IPSNJHØO „ .FNCSBOB JNQFSNFBCMF QBSB ÈSFBT TJO USÈm DP SPEBEP „ /P DPOWFOJFOUF QBSB DPOUBDUP QFSNBOFOUF DPO BHVB

„ &YDFMFOUF BEIFSFODJB B IPSNJHØO GÈCSJDB EF MBESJMMP m CSPDFNFOUP HSFT DBUBMÈO NFNCSBOBT EF JNQFSNFBCJMJ[BDJØO EF DVCJFSUBT FUD „ 1VFOUFB m TVSBT „ .FNCSBOB BMUBNFOUF FMÈTUJDB „ 3ÈQJEP DVSBEP „ "TQFDUP TFEPTP NBUF „ 3FTJTUFOUF B SBÓDFT $POTVNP H N Z DBQB

$PMPSFT #MBODP Z UFSSBDPUB

1SFTFOUBDJØO #PUF EF LH


3FWFTUJNJFOUPT

4JLBMBTUJDยฅ 5$ .FNCSBOB Mร RVJEB WFSTร UJM EF Gร DJM BQMJDBDJร O Z MBSHB EVSBCJMJEBE QBSB TV VTP DPNP DBQB EF TFMMBEP QBSB MB JNQFSNFBCJMJ[BDJร O EF DVCJFSUBT 6TPT

$BSBDUFSร TUJDBT Z 7FOUBKBT

ย 1BSB DVCJFSUBT Z TJTUFNBT EF DVCJFSUBT FYQVFTUBT UBOUP FO QSPZFDUPT EF OVFWB DPOTUSVDDJร O DPNP EF SFIBCJMJUBDJร O ย 1BSB DVCJFSUBT DPO EFUBMMFT Z HFPNFUSร B DPNQMFKPT JODMVTP DVBOEP FTUร MJNJUBEB MB BDDFTJCJMJEBE ย 1BSB BVNFOUBS FM DJDMP EF WJEB EF DVCJFSUBT EFGFDUVPTBT EF GPSNB SFOUBCMF ย 1BSB SFWFTUJNJFOUPT SFn FDUBOUFT QBSB NFKPSBS MB Fm DJFODJB FOFSHร UJDB SFEVDJFOEP MPT DPTUFT EF FOGSJBNJFOUP EFM FEJm DJP

ย 5FDOPMPHร B QSPCBEB o Nร T EF Bร PT EF FYQFSJFODJB ย "QMJDBDJร O Gร DJM Z Sร QJEB DPO MB NBMMB 4JLBยฅ 3FFNBU ย $VSBEP Sร QJEP IBCJMJEBE QBSB TFS SFTJTUFOUF Sร QJEBNFOUF B MPT EBร PT QPS MMVWJB ย 3FTJTUFOUF B MPT SBZPT 67 ย "MUB FMBTUJDJEBE Z QVFOUFP EF m TVSBT ย .FNCSBOB EF JNQFSNFBCJMJ[BDJร O EF DVCJFSUBT DPOUJOVB TJO TPMBQFT ย 6TBEP DPO MBT JNQSJNBDJPOFT BEFDVBEBT BEIJFSF DPNQMFUBNFOUF TPCSF MB NBZPSร B EF MPT TPQPSUFT FWJUBOEP MB NJHSBDJร O EF BHVB ย 3FTJTUFOUF B MPT BHFOUFT RVร NJDPT BUNPTGร SJDPT Nร T DPNVOFT ย #BKP PMPS EVSBOUF MB BQMJDBDJร O ย -BSHB DBEVDJEBE o NFTFT

$POTVNP 7FS )PKB EF %BUPT EFM 1SPEVDUP

$PMPSFT (SJT QJ[BSSB HSJT FTRVJTUP Z CMBODP &OFSHZ 4UBS

1SFTFOUBDJร O #PUFT EF MJUSPT LH

4JLBMBTUJDยฅ 5 .FNCSBOB Mร RVJEB JNQFSNFBCMF B CBTF EF QPMJVSFUBOP USBOTQBSFOUF NPOPDPNQPOFOUF 6TPT

$BSBDUFSร TUJDBT Z 7FOUBKBT

.PSUFSPT Z IPSNJHPOFT FO ย *NQFSNFBCJMJ[BDJร O SFWFTUJNJFOUP Z QSPUFDDJร O EF QBWJNFOUPT EF UFSSB[BT Z CBMDPOFT ย *NQFSNFBCJMJ[BDJร O EF QBWJNFOUPT EF QBUJPT JOWFSOBEFSPT Z MVDFSOBSJPT ย 1SPUFDDJร O EF QBWJNFOUPT GSFOUF B MBT IFMBEBT EJร YJEP EF DBSCPOP Z MMVWJB ร DJEB ย $POTVNP

ย 'ร DJM BQMJDBDJร O ย #BKP DPTUF ย &TUBCMF GSFOUF B SBZPT 67 Z SFTJTUFOUF BM BNBSJMMFBNJFOUP ย *NQFSNFBCJMJ[BDJร O SFTJTUFOUF B m TVSBDJร O ย &TUBCMF B UFNQFSBUVSBT FOUSF o ยก$ Z ยก$ ย "EFDVBEP QBSB EJGFSFOUFT UJQPT EF TPQPSUFT 1JFESB OBUVSBM DFSร NJDB QBWร T QPMJDBSCPOBUP ย "ENJUF USร m DP QFBUPOBM ย 4F MJNQJB Gร DJMNFOUF ย 3FTJTUFOUF B MPT ร MDBMJT Z B QSPEVDUPT RVร NJDPT

$PNP USBUBNJFOUP BOUJQPMWP _ LH N FO DBQB $PNP NFNCSBOB EF JNQFSNFBCJMJ[BDJร O _ LH N FO DBQBT EF LH N DBEB VOB

4JLB 1SJNFSยฅ 5 *NQSJNBDJร O USBOTQBSFOUF QBSB FM 4JLBMBTUJDยฅ 5 ย 'ร DJM BQMJDBDJร O BEFDVBEP DSJTUBM QBWร T CBMEPTBT WJESJBEBT DVSB DPO MB IVNFEBE BNCJFOUBM $PMPSFT -ร RVJEP USBOTQBSFOUF

1SFTFOUBDJร O &OWBTFT EF LH Z LH


*HPM¥ " &NVMTJØO CJUVNJOPTB EF DBSÈDUFS BOJØOJDP TJO DBSHBT EF BMUB n VJEF[ 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

$PNP USBUBNJFOUP EF JNQSJNBDJØO 1BSB JNQFSNFBCJMJ[BDJØO EF NVSPT FOUFSSBEPT DJNFOUBDJPOFT FUD 1SPUFDDJØO FDPOØNJDB EF TVQFSm DJFT EF IPSNJHØO FO HFOFSBM

&NVMTJØO CJUVNJOPTB TJO EJTPMWFOUFT PSHÈOJDPT -JTUB QBSB TV FNQMFP "MUB QFOFUSBDJØO FO FM TPQPSUF 'ÈDJM BQMJDBDJØO Z HSBO n VJEF[ 1FRVF×P FTQFTPS EF DBQB $POTVNP H N FO EPT DBQBT

$PMPSFT -ÓRVJEP /FHSP

1SFTFOUBDJØO #PUFT EF LH Z LH

#JUVTPM¥ &NVMTJØO BTGÈMUJDB EF DBSÈDUFS BOJØOJDP DPO DBSHBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

*NQSJNBDJØO F JNQFSNFBCJMJ[BDJØO EF 4VQFSm DJFT B USBUBS DPO QSPEVDUPT BTGÈMUJDPT 1SPUFDDJØO F *NQFSNFBCJMJ[BDJØO EF DJNFOUBDJPOFT TØUBOPT NVSPT FYUFSJPSFT NFEJBOFSBT FUD $PNP NBTB BEIFTJWB EF QBOFMFT EF DPSDIP FTQVNB BSUJm DJBM NBEFSB FUD 1BSB SFBMJ[BDJØO EF NPSUFSPT BTGÈMUJDPT

4JO EJTPMWFOUFT PSHÈOJDPT *OPEPSP /P UØYJDP OJ JOn BNBCMF "QMJDBCMF TPCSF TPQPSUFT IÞNFEPT #VFOB BEIFSFODJB TPCSF NPSUFSP IPSNJHØO NBEFSB FUD $POTVNP *NQSJNBDJØO LH N Z DBQB *NQFSNFBCJMJ[BDJØO LH N Z DBQB .BTB BEIFTJWB LH N

$PMPSFT -ÓRVJEP QBSEP PTDVSP

1SFTFOUBDJØO #PUFT EF LH Z LH


3FWFTUJNJFOUPT

*HPMBUFY¥ &NVMTJØO CJUVNJOPTB EF DBSÈDUFS BOJØOJDP NPEJm DBEB DPO MÈUFY QBSB JNQFSNFBCJMJ[BDJPOFT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

*NQSJNBDJØO QSFWJB B USBUBNJFOUP BTGÈMUJDP *NQFSNFBCJMJ[BDJØO EF NVSPT EF DPOUFODJØO EFM MBEP EF MBT UJFSSBT NFEJBOFSBT DJNFOUBDJPOFT TØUBOPT Z TFNJTØUBOPT 1SPUFDDJØO EF IPSNJHPOFT GSFOUF B ÈDJEPT Z CBTFT EÏCJMFT $PNP CBSSFSB EF WBQPS

&NVMTJØO EF CFUÞO Z MÈUFY TJO EJTPMWFOUFT PSHÈOJDPT 1PTFF NFKPS BEIFSFODJB Z n FYJCJMJEBE RVF MBT FNVMTJPOFT CJUVNJOPTBT DPOWFODJPOBMFT /P EFTDVFMHB OJ TF SJHJEJ[B &MÈTUJDB 3FTJTUF SFTJEVPT PSHÈOJDPT Z B MB NBZPSÓB EF MPT ÈDJEPT EÏCJMFT $POTVNP *NQSJNBDJØO LH N Z DBQB *NQFSNFBCJMJ[BDJØO LH N Z DBQB .BTB BEIFTJWB LH N

$PMPSFT -ÓRVJEP QBSEP PTDVSP

1SFTFOUBDJØO #PUFT EF LH Z LH

4JLBn PPS ¥ 8 3FWFTUJNJFOUP EF TFMMBEP SFTJTUFOUF 3FWFTUJNJFOUP EF TFMMBEP FQPYJ FO CBTF BDVPTB EF EPT DPNQPOFOUFT DPMPSFBEP QBSB TV VTP FO JOUFSJPSFT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FWFTUJNJFOUP EF TFMMBEP DPMPSFBEP QBSB IPSNJHØO DBQBT CBTF DFNFOUPTBT DBQBT DPO FTQPMWPSFP EF ÈSJEP Z NPSUFSPT FQPYJ 1VFEF TFS TPNFUJEP B TPMJDJUBDJPOFT NFDÈOJDBT Z RVÓNJDBT EF CBKBT B NFEJBT 1BSB HBSBKFT ÈSFBT EF QSPEVDDJØO BMNBDFOFT BQBSDBNJFOUPT FUD

#VFOB SFTJTUFODJB RVÓNJDB Z NFDÈOJDB 1FSNFBCMF BM WBQPS EF BHVB 4JO EJTPMWFOUF %JMVJCMF FO BHVB *OPEPSP 'ÈDJM BQMJDBDJØO #VFOBT SFTJTUFODJBT B BDFJUFT 1SPUFDDJØO EF QBWJNFOUPT B MBSHP QMB[P $POTVNP H N Z DBQB

$PMPSFT (SJT QJFESB HSJT HVJKBSSP CFJHF WFSEF QÈMJEP Z SPKP ØYJEP 1SFTFOUBDJØO -PUFT QSFEPTJm DBEPT EF LH


4JLBn PPS¥ 3FWFTUJNJFOUP BDSÓMJDP DPMPSFBEP FO CBTF BHVB EF VO DPNQPOFOUF 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

„ $PNP BDBCBEP QBSB QBWJNFOUPT EF IPSNJHØO Z DFNFOUPTPT FO HFOFSBM UBOUP FO JOUFSJPSFT DPNP FYUFSJPSFT TJO DPOUBDUP QFSNBOFOUF DPO BHVB

„ "DBCBEP EFDPSBUJWP Z USBUBNJFOUP BOUJQPMWP „ (BSBKFT Z ÈSFBT EF BQBSDBNJFOUP DPO USÈm DP MJHFSP „ 4ØUBOPT „ "DDFTPT SFTJEFODJBMFT BDFSBT JTMFUBT „ 1JTUBT EF UFOJT QBUJPT Z ÈSFBT EF SFDSFP

„ 1SPEVDUP EF VO TPMP DPNQPOFOUF FO CBTF BDVPTB „ #VFOB SFTJTUFODJB B MB BCSBTJØO „ .VZ CVFOB SFTJTUFODJB B SBZPT 67 „ /P TF EFDPMPSB „ #VFOB SFTJTUFODJB B EFSSBNFT EF HBTPMJOB Z BDFJUFT „ &MFWBEP QPEFS EF DVCSJDJØO „ .FKPSB MB SFTJTUFODJB Z n FYJCJMJEBE „ 7BSJBT QPTJCJMJEBEFT EF DPMPS $POTVNP LH N Z DBQB

$PMPSFT 3PKP ØYJEP HSJT Z WFSEF

1SFTFOUBDJØO #PUF EF LH

4JLBn PPS¥ -FDIBEB CJUVNJOPTB DPOTUJUVJEB QPS NF[DMB EF FNVMTJPOFT BTGÈMUJDBT Z DBSHBT NJOFSBMFT TFMFDDJPOBEBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

„ 4FMMBEP EF BHMPNFSBEPT BTGÈMUJDPT „ 'ÈDJM EF BQMJDBDJØO „ 1SFQBSBDJØO EF TVQFSm DJFT QBSB MB BQMJDBDJØO QPTUFSJPS „ 4JTUFNB FDPOØNJDP EF PUSPT QSPEVDUPT „ *NQFSNFBCMF „ 4JTUFNB DPOUJOVP $POTVNP LH N DBQB

$PMPSFT 1BTUB OFHSB

1SFTFOUBDJØO #PUFT EF LH


3FWFTUJNJFOUPT

4JLBn PPS¥ 3FWFTUJNJFOUP B CBTF EF SFTJOBT TJOUÏUJDBT FO EJTQFSTJØO BDVPTB DPO DBSHBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"QBSDBNJFOUPT Z HBSBKFT 4FMMBEP EF BHMPNFSBEPT BTGÈMUJDPT $BSSJMFT CJDJDMFUB BSDFOFT JTMFUBT TF×BMJ[BDJPOFT BDFSBT FUD

1SPEVDUP OP UPYJDP OJ JOn BNBCMF #VFOB BEIFSFODJB B TVQFSm DJFT EF BHMPNFSBEP BTGÈMUJDP 4JTUFNB DPOUJOVP *NQFSNFBCMF #VFOB SFTJTUFODJB B MB BCSBTJØO "OUJEFTMJ[BOUF 3FTJTUFOUF B MB DBÓEB EF DBSCVSBOUFT $POTVNP _ LH N DBQB

$PMPSFT 1BTUB SPKB Z WFSEF

1SFTFOUBDJØO #PUFT EF LH

4JLB¥ #JUVNJY "HMPNFSBEP BTGÈMUJDP FO GSÓP GPSNBEP QPS VOB NF[DMB EF BHSFHBEPT NJOFSBMFT Z MJHBOUF CJUVNJOPTP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FQBSBDJØO EF CBDIFT Z USBCBKPT EF QBSDIFP FO DBM[BEBT DBMMFT HBSBKFT FUD $BQB EF QBWJNFOUP FO SFMMFOP EF [BOKBT FO [POBT EF CBMJ[BNJFOUP Z TF×BMJ[BDJØO DPOUPSOP EF BMDBOUBSJMMBT BSRVFUBT FUD "EIJFSF TPCSF TPQPSUFT CJUVNJOPTPT Z EF IPSNJHØO QSFWJB DBQB EF BEIFSFODJB

-JTUP QBSB TV VTP $POTFSWBDJØO EF MB QMBTUJDJEBE DPO FM QBTP EFM UJFNQP 1PTJCJMJEBE EF BQFSUVSB BM USÈm DP JONFEJBUBNFOUF /P QSFDJTB OJOHÞO UJQP EF NBRVJOBSJB 1FSNJUF FM QJOUBEP DPO 4JLBn PPS 'ÈDJM NBOFKP B UFNQFSBUVSB BNCJFOUF 1FSGFDUB BEBQUBDJØO BM CBDIF Z B MB SBTBOUF -FOUP FOWFKFDJNJFOUP $POTVNP LH N Z DN EF FTQFTPS

$PMPSFT /FHSP

1SFTFOUBDJØO #PUFT EF LH


4JLBMBTUJD¥ +BSEJOFSBT .FNCSBOB JNQFSNFBCJMJ[BOUF MÓRVJEB EF QPMJVSFUBOP QBSB MB JNQFSNFBCJMJ[BDJØO EF KBSEJOFSBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

.FNCSBOB JNQFSNFBCMF QBSB TVQFSm DJFT EF IPSNJHØO NPSUFSP MBESJMMP QSPEVDUPT CJUVNJOPTPT BDFSP [JOD Z BMVNJOJP %JTF×BEB QBSB TV VTP FO +BSEJOFSBT EFCJEP B TV HSBO SFTJTUFODJB BM BHVB Z B MPT NJDSPPSHBOJTNPT

1VFEF FTUBS FO DPOUBDUP QFSNBOFOUF DPO FM BHVB 3ÈQJEP TFDBEP JODMVTP B CBKBT UFNQFSBUVSBT "DBCBEP CSJMMBOUF 3FTJTUF B MPT ÈMDBMJT EFM IPSNJHØO "MUB SFTJTUFODJB B MB JOUFNQFSJF Z B MPT SBZPT 67 "MUB SFTJTUFODJB B MPT NJDSPPSHBOJTNPT *NQFSNFBCMF BM BHVB QFSNFBCMF BM WBQPS EF BHVB $POTVNP LH N FO VO FTQFTPS BQSPYJNBEP EF NN BQMJDBEP FO DBQBT

$PMPSFT -ÓRVJEP HSJT

1SFTFOUBDJØO #PUFT EF Z LH

4JLBMBTUJD¥ 8 3FWFTUJNJFOUP FMÈTUJDP EF JNQFSNFBCJMJ[BDJØO EF BQMJDBDJØO jJO TJUVx QSFWJP BM QFHBEP EF QJF[BT DFSÈNJDBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FBMJ[BDJØO jJO TJUVx EF NFNCSBOBT JNQFSNFBCJMJ[BOUFT FO QBSFEFT Z TVFMPT JOUFSJPSFT FO [POBT IÞNFEBT EF FEJm DJPT SFTJEFODJBMFT BENJOJTUSBUJWPT DPNFSDJBMFT EF IPTUFMFSÓB EF FOTF×BO[B IPTQJUBMFT EFQPSUJWPT JOEVTUSJBMFT Z TJNJMBSFT *NQFSNFBCJMJ[BDJØO QSFWJB BM QFHBEP FO DPDJOBT DVBSUPT EF CB×P Z EVDIBT QMBZBT EF QJTDJOBT [POBT DPNVOFT [POBT DPO SFRVFSJNJFOUPT IJHJÏOJDPT Z TBOJUBSJPT

*NQFSNFBCMF BM BHVB Z QFSNFBCMF BM WBQPS EF BHVB (SBO FMBTUJDJEBE RVF QFSNJUF QVFOUFBS m TVSBT 1SPEVDUP MJTUP QBSB TV VTP TJO EJTPMWFOUFT 3FDVCSJCMF JONFEJBUBNFOUF QPS DVBMRVJFS UJQP EF QSPUFDDJØO EVSB NBEFSB SFWFTUJNJFOUPT DFSÈNJDPT QJFESB OBUVSBM P BSUJm DJBM TVFMPT QMÈTUJDPT SFWFTUJNJFOUPT EF SFTJOBT FUD #VFOB BEIFSFODJB TPCSF IPSNJHØO NPSUFSP ZFTP DBSUØO ZFTP QBOFMFT EFSJWBEPT EF MB NBEFSB FUD "EIFSFODJB CVFOB JODMVTP TPCSF TPQPSUFT IÞNFEPT &WJUB FM EFTDVFMHVF EF MBT CBMEPTBT DFSÈNJDBT FO [POBT BGFDUBEBT QPS QSFTFODJB EF IVNFEBE $POTVNP LH N Z DBQB

$PMPSFT -ÓRVJEP BNBSJMMP

1SFTFOUBDJØO #PUFT EF LH


3FWFTUJNJFOUPT

4JLB$PS¥ )4 3FWFTUJNJFOUP VOJWFSTBM QBSB MB QSPUFDDJØO DPOUSB MB DPSSPTJØO B CBTF EF SFTJOBT TJOUÏUJDBT DPO QJHNFOUPT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1SPUFDDJØO GSFOUF B MB DPSSPTJØO EF FTUSVDUVSBT EF BDFSP P TVQFSm DJFT HBMWBOJ[BEBT 4F QVFEF BQMJDBS TPCSF TVQFSm DJFT HBMWBOJ[BEBT BDFSP BMVNJOJP 17$ SÓHJEP DPCSF NFUBMFT GFSSPTPT FUD

/P BEFDVBEP QBSB QVFSUBT #VFOBT SFTJTUFODJBT RVÓNJDBT &YDFMFOUF FTUBCJMJEBE EF DPMPS Z SFTJTUFODJB BM BNBSJMMFBNJFOUP #VFOB DVCSJDJØO EF MB TVQFSm DJF #VFOB BEIFSFODJB TPCSF TVQFSm DJFT HBMWBOJ[BEBT BMVNJOJP Z 17$ SÓHJEP $POTVNP 7FS IPKB EF EBUPT

$PMPSFT #MBODP 3PKP 7JWP 7FSEF )JFSCB (SJT 1MBUB

1SFTFOUBDJØO #PUFT EF LH

4JLB¥ %JSFDU &TNBMUF EF QSPUFDDJØO Z EFDPSBDJØO QBSB MB BQMJDBDJØO EJSFDUB TPCSF IJFSSP PYJEBEP TJO JNQSJNBDJØO 1VFEF UBNCJÏO TFS BQMJDBEP TPCSF NBEFSB 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

(SBEFSÓPT NFUÈMJDPT #BSBOEJMMBT Z QBTBNBOPT NFUÈMJDPT 1PSUPOFT 0CSBT NFUÈMJDBT FO HFOFSBM 1VFSUBT FO IJFSSP P NBEFSB FUD

4FDB BM BJSF 3FTJTUFOUF B MB JOUFNQFSJF Z B MB MV[ &YDFMFOUF BEIFSFODJB BM IJFSSP Z B MB NBEFSB #VFO BDBCBEP EFDPSBUJWP /P OFDFTJUB JNQSJNBDJØO

$POTVNP &TQFTPS UFØSJDP QBSB VO DPOTVNP EF LH N M N

$PMPSFT #MBODP OFHSP WFSEF CPUFMMB

1SFTFOUBDJØO 4JLB¥ %JSFDU -BUB EF LH Z LH


4JLBMBTUJD¥ %8 .FNCCSBOBB MÓRVJEEB JNQQFSNFFBCMF NPOPPDPNQPOFOOUF FOO CBTFF QPMJVSSFUBOPP QBSBB EFQØØTJUPTT EF BBHVB QQPUBCMFF 6TPT

$BSSBDUFSÓTUJDBT Z 7FOOUBKBT

*NQSJNBDDJØO Z QSPPUFDDJØO EEF „ %FQØTJJUPT EF BHVB QPUBCCMF „ "MKJCFTT „ %FQVSBBEPSBT DDBOBMFT FUUD

„ "QMJDBDJØOO GÈDJM Z FDDPOØNJDBB „ "MUBT SFTJTTUFODJB RVVÓNJDBT Z NFDÈOJDBBT „ "EFDVBEP QBSB BHVVB QPUBCMFF „ "MUB SFTJTUUFODJB B MBB JOUFNQFFSJF Z B SBBZPT 67 $POOTVNP LHH N QBSBB VO FTQFTTPS EF NN

$PMPSFFT (SJT

1SFTFFOUBDJØO #PUFT EF LH

4JLB¥ 1SJNFS .# *NQSJN NBDJØØO SFHHVMBEPPSB EFF MB IVVNFEBBE QBBSB FM QQFHBEEP EF UBSJNBT EF NBEFFSB DPPO BEIIFTJWPT FMÈTTUJDPTT EFM UJJQP 4JLLB#POOE¥ TTPCSF TTPQPSUUFT DSÓUJDPPT *N NQSJNBBDJØO B CBTTF EF SFTJOOB EF FFQPYZ EF CBBKB WJTTDPTJEEBE EF EPPT DPN NQPOFFOUFT TJO EJJTPMWFFOUF 6TPT

$BSSBDUFSÓTUJDBT Z 7FOOUBKBT

4F VUJMJ[BB KVOUP DPPO BEIFTJWWPT EF UBSSJNBT EF N NBEFSB EEF MB HBNB 4JLLB#POE¥ QBSB „ $POUSPPM EF IVN NFEBE TPCCSF TPQPSUUFT DFNFOOUPTPT DPPO VO DPOOUFOJEP EF IVNFEBBE EF IBTTUB FM „ $POTPMMJEBOUF EFFM TPQPSUFF TPCSF TPPMFSBT EF IPSNJHØØO DFNFOOUP BOIJEESJUB Z TPQQPSUFT SFIIBCJMJUBEPTT „ 1SPNPUPS EF BEEIFSFODJB QBSB TPQPSUFT BTGÈÈMUJDPT FTQPMWPSFBEPT P SFTJEVPPT EF WJFKPPT BEIFTJWWPT

„ 4JO EJTPMWFFOUF „ 'ÈDJM EF BQQMJDBS „ 5SBCBKPT EEF m OBMJ[BBDJØO FO N NÈT DPSUPP QMB[P „ #VFOB QFOOFUSBDJØO Z FTUBCJMMJ[BDJØO FOO FM TPQPSSUF „ 3FEVDDJØOO EFM DPOTTVNP EF BEIFTJWP „ "EFDVBEP TPCSF WJFKKPT TPQPSSUFT QSFWJBBNFOUF QSSFQBSBEPT „ "EFDVBEP QBSB DBMFFGBDDJPOFFT QPS TVFFMP SBEJBOOUF „ #BKB 7JTDPPTJEBE „ $PNQBUJCMMF DPO 4JTTUFNBT 44JLB#POE¥ QBSB UBSJJNBT EF NBEFSB $POOTVNP H N N EFQFOEEJFOEP EFF MB QPSPTTJEBE EFM TTPQPSUF $PMPSFFT "[VM

1SFTFFOUBDJØO #PUF EEF LH


1PMJVSFUBOPT 4JLBn FY¥ '$ 4JLBn FY¥ 130 )1 4JLBn FY¥ 5 QÈ 4JMJDPOBT 4BOJTJM¥ QÈ 4JLBTJM¥ 1PPM QÈ 4JLBTJM¥ 41 QÈ 4JLBTJM¥ $ QÈ

QÈH QÈH H H H H H

"DSÓMJDPT Z CVUJMPT 4JLBDSJM¥ 4 QÈ 4JLB¥ 'JMMFS 4JLB¥ 'JMMFS 'JCSBT

H QÈH QÈH

#JVNJOPTPT *HBT $PSEØO¥ QÈ 4JLB¥ .VMUJ4FBM &

H QÈH

1SPEVDUPT EF TFMMBEP

4JLB FO UPEPT MPT QSPZFDUPT JNQPSUBOUFT

1FSm MFT .BTJMMBT Z &TQVNBT &YQBOTJWBT 4JLB4XFMM¥ 4 QÈH 1SPEVDUPT QBSB FM GVFHP 4JLB¥ 'JSF4UPQ 4JLBTJM¥ )5 QÈ 4JLB¥ 'JSFTJM / 4JLB #PPN¥ ' QÈ

QÈH H QÈH H

5FDOPMPHÓB "5 4JLBn FY¥ "5 'BÎBEF 4JLBn FY¥ "5 $POOFDUJPO

QÈH QÈH

$JOUBT 4JLB¥ 4FBM 5BQF 4 $JOUBT 4JLB¥ 17$

QÈH QÈH

7BSJPT 4JLB 1BWF 'JY 1MVT

QÈH


4JLBn FY¥ '$

4FMMBEPS FMÈTUJDP Z BEIFTJWP NVMUJVTPT j4FMMBEP Z 1FHBEP UPEP FO VOPx .BTJMMB QBSB TFMMBS P QFHBS B CBTF EF QPMJVSFUBOP NPOPDPNQPOFOUF 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

4F QVFEF VUJMJ[BS DPNP TFMMBEPS QBSB KVOUBT WFSUJDBMFT Z IPSJ[POUBMFT TFMMBEP EF UVCFSÓBT QSFGBCSJDBEBT KVOUBT FOUSF UBCJRVFT TFMMBEP EF HSJFUBT TFMMBEP EF NFUBMFT Z NBEFSB FUD 1VFEF TFS VUJMJ[BEP DPNP BEIFTJWP QPMJWBMFOUF "EFDVBEP QBSB FM QFHBEP EF BMGÏJ[BSFT VNCSBMFT FMFNFOUPT QSFGBCSJDBEPT KVOUBT FOUSF DBSQJOUFSÓBT QVFSUBT WFOUBOBT [ØDBMPT QFMEB×PT FMFNFOUPT QSFGBCSJDBEPT FUD

$VSBEP SÈQJEP $VSBEP TJO CVSCVKBT "MUP NØEVMP EF FMBTUJDJEBE &YDFMFOUFT QSPQJFEBEFT EF BQMJDBDJØO "MUB SFTJTUFODJB NFDÈOJDB 4FMMBEPT Z QFHBEPT FO VO TPMP QBTP "QMJDBDJØO FO FYUFSJPSFT F JOUFSJPSFT $POTVNP 4FHÞO EJNFOTJPOFT EF KVOUB

$PMPSFT #MBODP HSJT DMBSP NBSSØO Z OFHSP 1SFTFOUBDJØO $BSUVDIP Z 6OJQBD EF DN TBMDIJDIØO EF DN

4JLBn FY¥ 130 )1 .BTJMMB FMÈTUJDB B CBTF EF QPMJVSFUBOP NPOPDPNQPOFOUF EF CBKP NØEVMP Z QPMJNFSJ[BDJØO BDFMFSBEB QBSB FM TFMMBEP EF KVOUBT EF EJMBUBDJØO 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1BSB FM TFMMBEP EF KVOUBT FO FEJm DBDJØO FTQFDJBMNFOUF QBSB MBT KVOUBT DPO NPWJNJFOUP FO FMFNFOUPT EF IPSNJHØO QFSP UBNCJÏO QBSB KVOUBT EF DPOFYJØO NBSDPT EF WFOUBOBT Z QVFSUBT FO GBDIBEBT FO FMFNFOUPT QSFGBCSJDBEPT NVSPT DPSUJOB FODVFOUSPT NVSP TPMFSB BTÓ DPNP KVOUBT FO NBEFSB Z FTUSVDUVSBT EF NFUBM

1BSB BMUPT SFRVFSJNJFOUPT EF TFMMBEP 3FTJTUFODJB B SBZPT VMUSBWJPMFUBT Z FOWFKFDJNJFOUP $BQBDJEBE EF NPWJNJFOUP EFM BODIP EF MB KVOUB $VSBEP TJO CVSCVKBT 3FEVDF MB USBOTGFSFODJB EF UFOTJØO BM TPQPSUF -BCPSBCJMJEBE SFMBDJPOBEB DPO MB QSÈDUJDB GÈDJM EF BMJTBS

"EIFSFODJB FYDFMFOUF B MB NBZPSÓB EF MPT TPQPSUFT $POTVNP 4FHÞO EJNFOTJPOFT EF KVOUB

$PMPSFT #MBODP HSJT Z NBSSØO

1SFTFOUBDJØO 6OJQBD EF DN Z TBMDIJDIØO EF DN


1SPEVDUPT EF TFMMBEP

4JLBn FY¥ 5 4JTUFNB QBSB FM DBMBGBUFBEP EF QBWJNFOUPT EF NBEFSB NFEJBOUF 4JLBn FY ¥ 5 FO MB JOEVTUSJB EF MB DPOTUSVDDJØO $BSBDUFSÓTUJDBT Z 7FOUBKBT

6TPT 4JLBn FY 5 FT VO TFMMBEPS EJTF×BEP QBSB FM TFMMBEP EF QBWJNFOUPT EF NBEFSB Z QVFEF TFS VUJMJ[BEP DPO MB NBZPSÓB EF MBT NBEFSBT 1VFEF TFS VUJMJ[BEP DPNP TFMMBEPS QSJNBSJP P TFDVOEBSJP Z FT BQUP QBSB BQMJDBDJPOFT UBOUP FO JOUFSJPSFT DPNP FO FYUFSJPSFT 1PS FKFNQMP FO QBWJNFOUPT EF NBEFSB BMSFEFEPS EF [POBT SFTJEFODJBMFT Z DPNFSDJBMFT TBVOBT HJNOBTJPT FUD ¥

.POPDPNQPOFOUF MJTUP QBSB TV VTP $VSBEP SÈQJEP &YDFMFOUF BEIFSFODJB B MB NBZPSÓB EF MBT UJQPT EF NBEFSB "MUBT SFTJTUFODJBT B SBZPT VMUSBWJPMFUBT Z BM FOWFKFDJNJFOUP 4VNB QSPQJFEBEFT BOUJEFTMJ[BOUFT FO DVCJFSUBT IÞNFEBT "MUB SFTJTUFODJB BM BHVB EF NBS 1VFEF TFS MJKBEP &YDFMFOUF DPNQPSUBNJFOUP DPNP TFMMBEPS $POTVNP "QMJDBDJØO JOUFSJPS &M DPOTVNP WBSÓB EF TFHÞO FM FTQFTPS EF MB NBEFSB Z FM BODIP EF KVOUB EFKBEP FOUSF FMMB WFS EJNFOTJPOFT EF MB KVOUB "QMJDBDJØO FYUFSJPS &M DPOTVNP WBSÓB EFQFOEJFOEP EFM FTQFTPS EF MB NBEFSB Z EFM BODIP EF KVOUB EFKBEP FOUSF FMMB WFS EJNFOTJPOFT EF MB KVOUB $PMPSFT /FHSP

1SFTFOUBDJØO $BSUVDIP EF NM

4BOJTJM¥ 4FMMBEPS QBSB BQMJDBDJPOFT FO TBOJUBSJPT B CBTF EF TJMJDPOB NPOPDPNQPOFOUF FMÈTUJDB 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"EFDVBEP QBSB TFMMBEPT TBOJUBSJPT V PUSBT BQMJDBDJPOFT 3FTJTUF B MBSHP QMB[P B MPT NPIPT Z IPOHPT EPOEF TF SFRVJFSBO SFTJTUFODJBT B MB GPSNBDJØO EF &YDFMFOUF BEIFSFODJB B VOB BNQMJB HBNB EF TPQPSUFT NPIP &YDFMFOUF SFTJTUFODJB B SBZPT 67 Z BM FOWFKFDJNJFOUP 1BSB VTP FO FYUFSJPSFT F JOUFSJPSFT $POTVNP 4FHÞO EJNFOTJPOFT EF KVOUB

$PMPSFT #MBODP Z 5SBOTMÞDJEP

$BSUVDIP EF DN

1BSRVFU #POEJOH

1SFTFOUBDJØO


4JLBTJM¥ 1PPM 4JMJDPOB OFVUSB QBSB TFMMBEPT FO QJTDJOBT Z FO [POBT FO DPOUBDUP QFSNBOFOUF DPO BHVB 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

4JLBTJM 1PPM FT BEFDVBEP QBSB KVOUBT FO QJTDJOBT ÈSFBT FO DPOUBDUP QFSNBOFOUF DPO BHVB UBMFT DPNP EVDIBT FO [POBT EFQPSUJWBT FOUSF B[VMFKPT QJF[BT DFSÈNJDBT IPSNJHØO WJESJP NFUBMFT Z PUSPT TPQPSUFT IBCJUVBMFT VUJMJ[BEPT FO DPOTUSVDDJØO ¥

"MUB SFTJTUFODJB BM BHVB "MUB SFTJTUFODJB BM DMPSP DPNP TF SFRVJFSF FO MBT QJTDJOBT EFCJEP BM VTP EF EFTJOGFDUBOUFT

"MUB SFTJTUFODJB BM BUBRVF EF GVOHJDJEBT &YDFMFOUF SFTJTUFODJB BM FOWFKFDJNFOUP Z B MPT SBZPT VMUSBWJPMFUB "MUB SFTJTUFODJB BM EFTHBSSP /P DPSSPTJWP "MUB FMBTUJDJEBE Z n FYJCJMJEBE $POTVNP 4FHÞO EJNFOTJPOFT EF KVOUB WFS IPKB EF EBUPT EFM QSPEVDUP

$PMPSFT #MBODP HSJT Z USBOTQBSFOUF

1SFTFOUBDJØO $BSUVDIPT EF NM

4JLBTJM¥ 41 .BTJMMB FMÈTUJDB QBSB KVOUBT B CBTF EF DBVDIP TJMJDPOB EF UJQP ÈDJEP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FBMJ[BDJØO EF TFMMBEPT FMÈTUJDPT EF VOB NBOFSB FDPOØNJDB FO MPT TJHVJFOUFT TJUJPT FOUSF PUSPT "DSJTUBMBNJFOUPT Z TFMMBEPT EF NBUFSJBMFT WÓUSFPT P WJUSJm DBEPT 1VFSUBT Z WFOUBOBT &O HFOFSBM FO KVOUBT DPO NBUFSJBMFT OP PYJEBCMFT P BUBDBCMFT QPS ÈDJEPT DFSÈNJDB EF CBKB QPSPTJEBE BMVNJOJP FUD

.VZ FDPOØNJDB 5PUBMNFOUF QPMJNFSJ[BEB QSPQPSDJPOB VO TFMMBEP FMÈTUJDP Z SFTJTUFOUF .POPDPNQPOFOUF MJTUB QBSB TV FNQMFP &YDFMFOUF BEIFSFODJB B NVDIPT NBUFSJBMFT EF DPOTUSVDDJØO OP QPSPTPT /P EFTDVFMHB 3FQFMF MB TVDJFEBE Z FM QPMWP $POTVNP 4FHÞO EJNFOTJPOFT EF KVOUB

$PMPSFT 5SBOTMÞDJEP Z CMBODP

1SFTFOUBDJØO $BSUVDIPT EF DN


1SPEVDUPT EF TFMMBEP

4JLBTJMยฅ $ 4JMJDPOB EF TFMMBEP EF UJQP OFVUSP NPOPDPNQPOFOUF FMร TUJDB QBSB BQMJDBDJPOFT FO DPOTUSVDDJร O Z TBOJUBSJPT 6TPT

$BSBDUFSร TUJDBT Z 7FOUBKBT

ย &YDFMFOUF SFTJTUFODJB B SBZPT 67 Z B MB JOUFNQFSJF ย "EFDVBEP QBSB TFMMBEP F JNQFSNFBCJMJ[BDJร O FO ย (SBO BEIFSFODJB TJO OFDFTJEBE EF JNQSJNBDJร O B MB TPQPSUFT EF WJESJP DSJTUBM NFUBMFT TVQFSm DJFT QJOUBEBT NBEFSB BDSร MJDPT QPMJDBSCPOBUPT DFSร NJDB Z NBZPSร B EF MPT TPQPSUFT ย 3FTJTUFODJB B MBSHP QMB[P B MB BDUJWJEBE GVOHVJDJEB QBSB BQMJDBDJPOFT TBOJUBSJBT ย $PO QPDP PMPS ย "QMJDBDJร O FO FYUFSJPSFT F JOUFSJPSFT $POTVNP 4FHร O EJNFOTJPOFT EF KVOUB

$PMPSFT (SJT Z 5SBOTMร DJEP

1SFTFOUBDJร O $BSUVDIP EF DN

4JLBDSZMยฅ 4 .BTJMMB QMBTUP FMร TUJDB QBSB KVOUBT B CBTF EF SFTJOBT BDSร MJDBT 6TPT

$BSBDUFSร TUJDBT Z 7FOUBKBT

ย &O KVOUBT DPO QPDP P OVMP NPWJNJFOUP OP TPNFUJEBT B USร m DP EF WFIร DVMPT ย $BSQJOUFSร B FYUFSJPS Z KVOUBT QFSJNFUSBMFT ย "MCBร JMFSร B ย 4FMMBEP EF HSJFUBT FO FTDBZPMB P NBNQPTUFSร B ย 4FMMBEP EF m TVSBT OP BDUJWBT FO JOUFSJPSFT P FYUFSJPSFT

ย 5FNQFSBUVSBT EF TFSWJDJP EF o ยก$ B ยก$ ย .POPDPNQPOFOUF ย 'ร DJM EF BQMJDBS ย 1VFEF BQMJDBSTF DPO TVQFSm DJFT MJHFSBNFOUF Iร NFEBT $POTVNP 4FHร O EJNFOTJPOFT EF KVOUB

$PMPSFT (SJT Z CMBODP

$BSUVDIPT EF DN

1BSRVFU #POEJOH

1SFTFOUBDJร O


4JLB¥ 'JMMFS 4FMMBEPS NPOPDPNQPOFOUF QBSB NBEFSB B CBTF EF SFTJOBT BDSÓMJDBT FO EJTQFSTJØO 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

&T VO QSPEVDUP BEFDVBEP QBSB TFMMBEP EF EJGFSFOUFT FMFNFOUPT QSJODJQBMNFOUF NBEFSB DPNP 3PEBQJÏT DPO TVFMPT EF NBEFSB QBSRVFU UBSJNB FUD

$BSQJOUFSÓB EF NBEFSB BSNBSJPT FNQPUSBEPT WFOUBOBT QVFSUBT FUD DPO DBQBDJEBE EF TFS CBSOJ[BCMF &TRVJOFSPT DBOUPOFSBT Z PUSPT FMFNFOUPT EFDPSBUJWPT

#VFOB BEIFSFODJB TPCSF TPQPSUFT EF BMUB QPSPTJEBE 1PTJCJMJEBE EF TFS CBSOJ[BEB TJO GPSNBS QJFM EF OBSBOKB FO FM CBSOJ[ 'BDJMJEBE EF DPMPDBDJØO HSBDJBT B TV FYDFMFOUF NBOFKBCJMJEBE Z TV DPOTJTUFODJB UJYPUSØQJDB $POTVNP 4FHÞO EJNFOTJPOFT EF KVOUB

$PMPSFT 1JOP $FSF[P 3PCMF 4BQFMMZ

1SFTFOUBDJØO $BSUVDIPT EF DN

4JLB¥ 'JMMFS 'JCSBT .BTJMMB BDSÓMJDB DPO m CSBT MJTUB QBSB VTBS 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1BSB QVFOUFP EF m TVSBT Z QFRVF×BT SFQBSBDJPOFT FO TVQFSm DJFT QPSPTBT "EFDVBEP QBSB BQMJDBDJPOFT UBOUP FO JOUFSJPS DPNP FYUFSJPS QBSB SFMMFOPT TPCSF ZFTP IPSNJHØO NPSUFSP QJOUVSBT BOUJHVBT FUD

-JTUB QBSB TV VTP OP OFDFTJUB NF[DMBEP 'ÈDJM EF BQMJDBS 4JO PMPS 4F QVFEF MJKBS QBTBEBT IPSBT $POTVNP M N Z N EF FTQFTPS

$PMPSFT 1BTUB CMBODB

1SFTFOUBDJØO &OWBTFT EF QMÈTUJDP EF LH Z LH


1SPEVDUPT EF TFMMBEP

*HBT $PSEØO¥ .BTJMMB CJUVNJOPTB FO DPSEPOFT QSFGPSNBEPT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

$PSEPOFT QSFGPSNBEPT +VOUBT EF EJMBUBDJØO NFEJB FO FEJm DBDJØO Z PCSBT 6UJMJ[BCMF FO KVOUBT WFSUJDBMFT Z IPSJ[POUBMFT QÞCMJDBT $VCJFSUBT EF m CSPDFNFOUP POEVMBEP DBOBMFT Z TPMFSBT /P OFDFTJUBO JNQSJNBDJØO $POTVNP 4FHÞO EJNFOTJPOFT EF KVOUB

$PMPSFT /FHSP 1SFTFOUBDJØO 3PMMPT EF NN EF EJÈNFUSP QPS N EF MBSHP Z SPMMPT EF NN EF EJÈNFUSP QPS N EF MBSHP

4JLB¥ .VMUJ4FBM & #BOEBT CJUVNJOPTBT BVUPBEIFTJWBT QBSB TFMMBEPT JNQFSNFBCMFT DPO BDBCBEP TVQFSm DJBM FO MÈNJOB EF BMVNJOJP $BSBDUFSÓTUJDBT Z 7FOUBKBT

4FMMBEPT JNQFSNFBCMFT SÈQJEPT Z EVSBEFSPT EF m TVSBT HSJFUBT Z FODVFOUSPT FO 5FSSB[BT ÈOHVMPT Z BSJTUBT

$VCJFSUBT BSSBORVF EF DIJNFOFBT UFKBT QMBDBT EF m CSPDFNFOUP MVDFSOBSJPT WJESJFSBT

'BDIBEBT m TVSBT Z HSJFUBT

#BKBOUFT EF BHVB Z DBOBMPOFT

#BOEBT JNQFSNFBCMFT BVUPBEIFTJWBT Z n FYJCMFT 3FQBSBDJØO SÈQJEB Z GÈDJM #VFOB SFTJTUFODJB B MPT SBZPT 67 3FQJOUBCMFT

$PMPSFT (SJT 3PKP 5FKB Z "MVNJOJP

1SFTFOUBDJØO 3PMMPT EF N EF MBSHP Z BODIPT EF Z DN

1BSRVFU #POEJOH

6TPT


4JLB4XFMM¥ 4 .BTJMMB FYQBOTJWB .BTJMMB EF QPMJVSFUBOP NPOPDPNQPOFOUF RVF TF IJODIB FO DPOUBDUP DPO BHVB 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

4FMMBEP EF FTUSVDUVSBT JNQFSNFBCJMJ[BOUFT DPNP +VOUBT EF DPOTUSVDDJØO KVOUBT TJO NPWJNJFOUP

)VFDPT Z QFOFUSBDJPOFT EF UVCFSÓBT 1BTBUVCPT Z QFSGPSBDJPOFT B USBWÏT EF QBSFEFT Z MPTBT $POEVDUPT EF DBCMFBEP +VOUBT EF DPOFYJØO FOUSF MPT FYJTUFOUFT Z MPT OVFWPT FEJm DJPT m KBEPT QPS 1FSm MFT EF 4JLB4XFMM¥

)JESPFYQBOTJWP FYQBOEF FO DPOUBDUP DPO BHVB 'ÈDJM BQMJDBDJØO 3FTJTUF FO DPOUBDUP QFSNBOFOUF DPO BHVB #VFOB BEIFSFODJB B MPT TPQPSUFT NBT DPNVOFT EF VO FEJm DJP #BKP DPTUF 3BEJP EF FYQBOTJØO DPOUSPMBEP FT EFDJS OP EB×B FM IPSNJHØO EVSBOUF TV DVSBEP "EBQUBCMF B FODBKBS NVDIBT UBSFBT EF EFUBMMF EJGFSFOUFT $POTVNP 7FS )PKB EF %BUPT

$PMPSFT 3PKP

1SFTFOUBDJØO $BSUVDIP EF DN TBMDIJDIØO EF DN

4JLB¥ 'JSF4UPQ .BTJMMB JOUVNJTDFOUF DPO BMUB SFTJTUFODJB B MMBNB 4FMMBEPS NPOPDPNQPOFOUF JOPSHÈOJDP B CBTF EF TJMJDBUP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"EFDVBEP QBSB UPEP UJQP EF KVOUBT TJO NPWJNJFOUP &YDFMFOUF SFTJTUFODJB BM GVFHP QSPCBEP EF BDVFSEP DPO QBSB TFMMBS DPOUSB FM GVFHP DPNQBSUJNFOUPT UBMFT DPNP #4 1BSUF j4JO UFTU EF DPNCVTUJCJMJEBEx

QVFSUBT DPSUB GVFHP DIJNFOFBT DBKBT GVFSUFT FOUSBEB &YDFMFOUF BEIFSFODJB EF UVCFSÓBT UVCPT EF WFOUJMBDJØO FUD 3FTJTUFODJB EFM GVFHP QPS FODJNB EF °$ $PNJFO[B B FYQBOEJSTF B UFNQFSBUVSBT EF °$ *OPSHÈOJDP OP DPNCVTUJCMF Z TJO EFTQSFOEJNJFOUP EF IVNPT 1VFEF TFS DVCJFSUP QPS 4JLB 'JSFTJM¥ / -JTUP QBSB TV VTP $POTVNP 7FS )PKB EF %BUPT EF 1SPEVDUP

$PMPSFT /FHSP

1SFTFOUBDJØO $BSUVDIP EF DN


4JLBTJMยฅ )5 .BBTJMMB EF TJMJDPOBB OFVUUSB UJQQP PYJNB SFTJTUUFOUF BB UFN NQFSBUVVSB Z SFUJDVMBBCMF FO DPOUUBDUP DPO MBB IVN NFEBE BNCJJFOUBM 6TPPT

$BSBDUUFSร TUJDBTT Z 7FOUBKKBT

ย 4FMMBEP EFF VOB BN NQMJB HBNBB EF NBUFFSJBMFT FN NQMFBEPT FO DPOTUSVVDDJร O Z DBSQJOUFSร ร B EF 17$ FTQFDJBMMNFOUF FO BRVFMMPPT DBTPT EPOEF TFF OFDFTJUF SFTJTUFODDJB B BMUBT UFNQQFSBUVSBTT FO DPOUJOVP TJO DDPOUBDUP DDPO MBB MMBNB DPPNP QVFEFO TFS CCBSCBDPBTT DIJNFOOFBT FTUVGBT DPPDJOBT EFF GPSKB FUD

ย -JTUBB QBSB TV FNQMFP ย 'ร DJM EF BQMJDBBS ย #VFOOB BEIFSFFODJB TJO JNQSJNBBDJร O TPCSF MB NBZZPSร B EF MPPT TPQPSUFFT EF DPOTUSVDDJร OO ย -JCSFF EF PMPS ย #VFOOB SFTJTUFFODJB B MPTT BHFOUFTT BUNPTGร ร SJDPT Z SBZZPT 67 ย 3FTJTUFOUF FOO DPOUJOVPP IBTUB ยก$ Z PDBTJPOBMN NFOUF IBTUUB ยก$ $POTVNP 4FHร O EJNFOTJPPOFT EF KVOUB

$PMPSFT (SJT

1SFTFOUBBDJร O $BSUVDIPTT EF DDN

4JLBยฅ 'JSFTJM / 4JMJDPOBB SFUBSEBOUFF EF MMMBNB 4JMJDPOBB NPOOPDPN NQPOFOUF FMร TUJDBB EF DDVSBEPP OFVUUSP 6TPPT

$BSBDUUFSร TUJDBTT Z 7FOUBKKBT

ย 4JLB 'JSFTJMยฅ / FT BBEFDVBEPP QBSB BQMJDBDJPOFTT FO ย 3FTJTUFODJB BM GVFHP % %*/ # *40 ( $MBTF JOEVTUSJB ZZ DPOTUSVVDDJร O EPOOEF TF SFRRVJFSBO BMMUPT --. "45. $ $ $MBTF QSPCBEB TFHร O #44 SFRVFSJNJFFOUPT DPOO SFTQFDUPP B NBUFSSJBMFT SFUBBSEBOUFT

EF MMBNB ย "EIJJFSF TJO OFFDFTJEBE EF JNQSJNBDJร O B MB NBZPSSร B EF MPT TTPQPSUFT ย #VFOOB SFTJTUFFODJB BM FOOWFKFDJNJFOUP Z B BHFOUFT BUNPPTGร SJDPT ย 0MPS CBKP ย "QMJDDBDJPOFT FFO FYUFSJPPSFT F JOUUFSJPSFT ย -JTUPP QBSB TV VTP $POTVNP 4FHร O EJNFOTJPPOFT EF KVOUB

$PMPSFT (SJT

1SFTFOUBBDJร O $BSUVDIP EF DN


4JLB #PPN¥ ' &TQVNB EF QPMJVSFUBOP NPOPDPNQPOFOUF Z FYQBOTJWB DPO DMBTJm DBDJØO BM GVFHP # 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FTVFMWF MB NBZPSÓB EF MPT QSPCMFNBT EF BJTMBNJFOUP UÏSNJDP Z BDÞTUJDP EF JNQBDUPT PMPSFT DPSSJFOUFT EF BJSF FUD &T JEØOFP QBSB FM SFMMFOP QPS JOZFDDJØO EF IVFDPT DVBOEP TF SFRVJFSB VOB DMBTJm DBDJØO GSFOUF BM GVFHP EFM UJQP # "JTMBNJFOUP UÏSNJDP Z BDÞTUJDP QVFOUF UÏSNJDP FO FEJm DBDJØO

1SPUFDDJØO DPOUSB MBT DPSSJFOUFT EF BJSF Z MPT PMPSFT 1SPUFDDJØO Z BJTMBNJFOUP EF JOTUBMBDJPOFT EF DMJNBUJ[BDJØO Z WFOUJMBDJØO 3FMMFOP Z GPSSBEP EF QBSFEFT UBCJRVFT NVSPT DFSSBNJFOUPT QBTBUVCPT EFCBKP EF CB×FSBT 3FMMFOP EF DBSQJOUFSÓB NFUÈMJDB QVFOUFT UÏSNJDPT

/P FT UØYJDP OJ DPOUBNJOBOUF #VFOB BEIFSFODJB B MB NBZPSÓB EF MPT NBUFSJBMFT EF DPOTUSVDDJØO OP BEIJFSF TPCSF UFn ØO QPMJFUJMFOP TJMJDPOB BDFJUFT Z HSBTBT 5PUBMNFOUF FOEVSFDJEP TF SFDPSUB TF MJKB FUD DPO GBDJMJEBE /P MF BGFDUBO MBT WBSJBDJPOFT EF IVNFEBE EFM BJSF "ÓTMB QFSGFDUBNFOUF EFM GSÓP Z EFM DBMPS %JTNJOVZF MB USBOTNJTJØO EF TPOJEPT Z SVJEPT B HPMQFT FOUSF FM Z NÈT EFM "ÓTMB FMÏDUSJDBNFOUF CVFOB SJHJEF[ EJFMÏDUSJDB EFM NBUFSJBM TFDP

1SPQFMFOUF MJCSF UPUBMNFOUF EF $'$ $POTVNP DN FRVJWBMFO B M $PMPSFT &TQVNB DPMPS SPTB

1SFTFOUBDJØO "FSPTPM DN "QMJDBDJØO DPO QJTUPMB

4JLBn FY¥ "5 'BÎBEF .BTJMMB EF BMUBT QSFTUBDJPOFT QBSB TFMMBEP EF KVOUBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

&TQFDJBMNFOUF JOEJDBEP QBSB TFMMBEP EF KVOUBT DPO NPWJNJFOUP Z DPOFYJØO FOUSF NBUFSJBMFT JHVBMFT P EJTUJOUPT UBMFT DPNP IPSNJHØO BDFSP Z PUSPT NBUFSJBMFT MBESJMMP FUD

$BQBDJEBE EF NPWJNJFOUP EFM #BKB UFOTJPOFT FO FM TPQPSUF "MUB SFTJTUFODJB B MB SBEJBDJØO VMUSBWJPMFUB 67 SFTJTUFODJB BM FOWFKFDJNJFOUP F JOUFNQFSJF Z FTUBCJMJEBE FO FM DPMPS &YDFMFOUF USBCBKBCJMJEBE .VZ GÈDJM EF BQMJDBS Z DPO NVZ CVFO BDBCBEP &YDFMFOUF BEIFSFODJB TPCSF NBUFSJBMFT OP QPSPTPT Z QPSPTPT /P OFDFTJUB JNQSJNBDJØO TPCSF MB NBZPSÓB EF MPT TPQPSUFT "ENJUF QJOUBEP -JCSF EF TJMJDPOBT Z TPMWFOUFT $POTVNP 4FHÞO EJNFOTJPOFT EF KVOUB

$PMPSFT (SJT CMBODP

1SFTFOUBDJØO $BSUVDIP EF DN Z TBMDIJDIØO DN


1SPEVDUPT EF TFMMBEP

4JLBn FY¥ "5 $POOFDUJPO .BTJMMB EF VTP VOJWFSTBM QBSB FM TFMMBEP EF KVOUBT EF DPOFYJØO 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

4JLBn FY "5 $POOFDUJPO DVNQMF MPT SFRVFSJNJFOUPT QBSB UPEB DMBTF EF KVOUBT EF DPOFYJØO KVOUBT QFSJNFUSBMFT EF QVFSUBT Z WFOUBOBT KVOUBT FO QBSBQFUPT EF CBMDPOFT GBDIBEBT Z DVCSFKVOUBT EF NFUBM Z PUSPT UJQPT EF KVOUBT EF NPWJNJFOUP Z DPOTUSVDDJØO ¥

$BQBDJEBE EF NPWJNJFOUP EF #BKB UFOTJPOFT FO FM TPQPSUF "MUB SFTJTUFODJB B MB SBEJBDJØO 67 SFTJTUFODJB BM FOWFKFDJNJFOUP F JOUFNQFSJF Z FTUBCJMJEBE FO FM DPMPS &YDFMFOUF USBCBKBCJMJEBE CBKB GVFS[B EF FYUSVTJØO GÈDJMNFOUF BMJTBCMF

.VZ GÈDJM EF BQMJDBS Z DPO NVZ CVFO BDBCBEP &YDFMFOUF BEIFTJØO TPCSF TPQPSUFT QPSPTPT Z OP QPSPTPT "EIFTJØO TJO OFDFTJEBE EF JNQSJNBDJØO TPCSF NVDIPT TPQPSUFT "ENJUF QJOUBEP -JCSF EF TPMWFOUFT 1SPQJFEBEFT NFDÈOJDBT BMUBT 7FS OPUBT EF BQMJDBDJØO

$POTVNP 4FHÞO EJNFOTJPOFT EF KVOUB $PMPSFT (SJT CMBODP NBSSØO Z OFHSP 1SFTFOUBDJØO $BSUVDIP EF NM VOJEBEFT QPS DBKB

4BMDIJDIØO EF NM VOJEBEFT QPS DBKB

4JLB¥ 4FBM 5BQF 4 #BOEB JNQFSNFBCMF QBSB TFMMBEP EF KVOUBT Z QFSÓNFUSPT EF BMJDBUBEPT Z TPMBEPT FO DVBSUPT IÞNFEPT DPNQVFTUP QPS VO TJTUFNB

$BSBDUFSÓTUJDBT Z 7FOUBKBT

4FMMBEPT QFSJNFUSBMFT EF TPMBEPT Z BMJDBUBEPT FO [POBT DPNP DPDJOBT CB×PT CBMDPOFT FUD 4FMMBEPT EF QFSÓNFUSPT EF GBDIBEBT Z QJTDJOBT QBSB QSFWFOJS MB FOUSBEB EF BHVB 4FMMBEPT UBOUP WFSUJDBMFT DPNP IPSJ[POUBMFT EF KVOUBT DPO NPWJNJFOUP EF BJTMBNJFOUPT KVOUBT EF DPOFYJØO Z DPOTUSVDDJØO FO FTRVJOBT FODVFOUSPT EF UVCFSÓBT FUD 5BOUP QBSB VTP FO JOUFSJPSFT DPNP FYUFSJPSFT

"MUB FMBTUJDJEBE *NQFSNFBCMF #VFOBT SFTJTUFODJBT RVÓNJDBT 'ÈDJM EF DPMPDBS 3FTJTUFODJB UÏSNJDB o °$ B °$

$PMPS $JOUB BNBSJMMB 5FMB CMBODB

1SFTFOUBDJØO 3PMMPT EF N

1BSRVFU #POEJOH

6TPT


$JOUBT 4JLB¥ 17$ $JOUBT n FYJCMFT EF DMPSVSP EF QPMJWJOJMP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

&TUBORVFJEBE EF KVOUBT EF EJMBUBDJØO &TUBORVFJEBE EF KVOUBT EF IPSNJHPOBEP

-BT OFSWJBDJPOFT EJm DVMUBO FM QBTP EFM BHVB BVNFOUBOEP MB TVQFSm DJF EF BHBSSF (SBO EVSBCJMJEBE QSÈDUJDBNFOUF OP FOWFKFDFO 3FTJTUFO QFSNBOFOUFNFOUF BHVB EVMDF BHVBT GFDBMFT Z UFNQPSBMNFOUF ÈDJEPT Z CBTFT JOPSHÈOJDPT EJMVJEPT Z BDFJUFT NJOFSBMFT $POTVNP 7FS )PKB EF %BUPT EF QSPEVDUP

1SFTFOUBDJØO 3PMMPT EF N EF MBSHP %JGFSFOUFT TFDDJPOFT

4JLB¥ 1BWF 'JY 1MVT $PNQVFTUP CBTBEP FO BSFOB Z MJHBOUF QPMJNÏSJDP QBSB FM SFMMFOP EF KVOUBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1BSB FM SFMMFOP EF KVOUBT NBZPSFT EF NN EF EJGFSFOUFT FMFNFOUPT #PSEJMMPT QSFGBCSJDBEPT EF IPSNJHØO 1BWÏT EF IPSNJHØO P QJFESB #MPRVFT EF IPSNJHØO P QJFESB OBUVSBM P BSUJm DJBM 1JF[BT EF BSDJMMB P UFSSBDPUB

-JTUP QBSB VTBS TØMP IBZ RVF BZVEBSTF EF VOB CSPDIB P FTDPCB 4JO OFDFTJEBE EF B×BEJS OJ DFNFOUP OJ BHVB &OEVSFDF BERVJSJFOEP CVFOB SFTJTUFODJB /P SFUSBF OJ m TVSB *NQJEF MB BQBSJDJØO EF IJFSCBT )BTUB WFDFT NÈT SÈQJEP RVF FM SFKVOUBEP DPO DFNFOUP Z BSFOB DPOWFODJPOBM 1PTJCJMJEBE EF TFS BQMJDBEP SÈQJEBNFOUF QPS QFSTPOBM OP DVBMJm DBEP /P OFDFTJUB IFSSBNJFOUBT EF BQMJDBDJØO FTQFDJBMFT

"MHVOPT TJUJPT IBCJUVBMFT EPOEF TF QVFEF BQMJDBS TPO 1BUJPT 1MB[BT $FOUSPT DPNFSDJBMFT 1BSLJOHT $BNJOPT «SFBT EF TFSWJDJP $VBMRVJFS ÈSFB QBWJNFOUBEB

$POTVNP 7FS )PKB EF %BUPT EF 1SPEVDUP

$PMPSFT 1PMWP HSJT "SFOB 1SFTFOUBDJØO #PUFT EF QMÈTUJDP DPO CPMTBT EF BMVNJOJP FO TV JOUFSJPS EF LH DBEB VOB


"EIFTJWPT 3ÓHJEPT 4JLBEVS¥ $' 4JLBEVS¥ / 4JLBEVS¥ QÈ

QÈH QÈH H

"EIFTJWPT &MÈTUJDPT 16

4JLB#POE¥ 5 QÈ 4JLB#POE¥ 5 QÈ 4JLB#POE¥ 5 QÈ 4JLB#POE¥ 5 '$ 4JLB#POE¥ 5 QÈ 4JLB#POE¥ 5 '$ 4JLB#POE¥ 5 QÈ 4JLB#POE¥ & 4JLB#POE¥ QÈ 4JLB#POE¥ 2

H H H QÈH H QÈH H QÈH H QÈH

1 FHBEP

4JLB FO UPEPT MPT QSPZFDUPT JNQPSUBOUFT

5FDOPMPHÓB "5 4JLB#POE¥ "5 6OJWFSTBM 4JLB#POE¥ "5 .FUBM

QÈH QÈH

"EIFTJWPT EF $POUBDUP 4JLB#POE¥ 5VCFSÓBT 4JLB#POE¥ ' QÈ

QÈH H

1BTUB &QPYJ 1PMJWBMFOUF 4JLBÂ¥ .VMUJ,JU

QÈH

7BSJPT 4JLBÂ¥ 5BQF 4JLBÂ¥ 5BQF .% 4JLBÂ¥ 5BQF %4 4JLBÂ¥ (BSEFO "EIFTJWF

QÈH QÈH QÈH H

QÈ


4JLBEVS¥ $' "EIFTJWP NVMUJVTPT QBSB MB DPOTUSVDDJØO "EIFTJWP FTUSVDUVSBM Z NPSUFSP EF SFQBSBDJØO EF EPT DPNQPOFOUFT B CBTF EF SFTJOB FQPYJ UJYPUSØQJDP TJO EJTPMWFOUFT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"EIFTJWP FTUSVDUVSBM QBSB &MFNFOUPT EF IPSNJHØO QJFESB DFSÈNJDBT NPSUFSP JOUFSQSFUBDJPOFT BDFSP IJFSSP BMVNJOJP NBEFSB FUD 5SBCBKPT EF SFQBSBDJØO EF IPSNJHØO 3FMMFOP Z OJWFMBDJØO EF EFGFDUPT TVQFSm DJBMFT DPNP DPRVFSBT IVFDPT HSJFUBT FUD

"EIFTJWP FQPYJ EF EPT DPNQPOFOUFT FYUSFNBEBNFOUF WFSTÈUJM RVF PGSFDF NVDIBT WFOUBKBT B MPT VTVBSJPT "EFDVBEP QBSB TVQFSm DJFT EF IPSNJHØO TFDBT Z IÞNFEBT .VZ CVFOB BEIFSFODJB OP TF OFDFTJUB JNQSJNBDJØO &YDFMFOUF SFTJTUFODJB NFDÈOJDB /P EFTDVFMHB VOJGPSNF FO BMUBT UFNQFSBUVSBT "QMJDBDJØO FO QBSBNFOUPT WFSUJDBMFT Z UFDIPT 4JO EJTPMWFOUF $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT .F[DMB (SJT

1SFTFOUBDJØO -PUFT QSFEPTJm DBEPT EF LH LH Z LH

4JLBEVS¥ / "EIFTJWP B CBTF EF SFTJOB FQPYJ EF EPT DPNQPOFOUFT QBSB VOJPOFT FOUSF IPSNJHPOFT "EIFTJWP B CBTF EF SFTJOB FQPYJ EF EPT DPNQPOFOUFT MJCSF EF EJTPMWFOUFT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"EIFTJWP FTUSVDUVSBM QBSB 1SPQPSDJPOB VOB VOJØO NPOPMÓUJDB EF IPSNJHPOFT FOEVSFDJEPT DPO IPSNJHPOFT GSFTDPT Z FO KVOUBT EF IPSNJHPOBEP QSPQPSDJPOBOEP VOJPOFT DPO SFTJTUFODJBT NFDÈOJDBT TVQFSJPSFT B MBT EFM QSPQJP IPSNJHØO 1PTFF NVZ CVFOB BEIFSFODJB TPCSF MB NBZPSÓB EF MPT TPQPSUFT DPNP NPSUFSP QJFESB MBESJMMP m CSPDFNFOUP BDFSPT Z NFUBMFT DSJTUBM Z NBUFSJBMFT TJOUÏUJDPT

'ÈDJM EF BQMJDBS 4JO EJTPMWFOUF /P MF BGFDUB MB IVNFEBE "MUBNFOUF Fm DB[ VOJGPSNF FO TVQFSm DJFT IÞNFEBT .BOFKBCMF B CBKBT UFNQFSBUVSBT "MUP MÓNJUF EF SFTJTUFODJB B MB USBDDJØO $POTVNP LH N

$PMPSFT .F[DMB (SJT DMBSP

1SFTFOUBDJØO -PUFT QSFEPTJm DBEPT EF LH Z LH


1 FHBEP

4JLBEVS¥ "EIFTJWP FTUSVDUVSBM EF EPT DPNQPOFOUFT B CBTF EF SFTJOB FQPYJ UJYPUSØQJDP "EIFTJWP FTUSVDUVSBM Z NPSUFSP EF SFQBSBDJØO EF EPT DPNQPOFOUFT B CBTF EF SFTJOBT FQPYJ TJO EJTPMWFOUFT UJYPUSØQJDP RVF TF QSFTFOUB FO DBSUVDIPT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

$PNP BEIFTJWP FTUSVDUVSBM QBSB &MFNFOUPT EF IPSNJHØO 1JFESB OBUVSBM EVSB $FSÈNJDBT m CSPDFNFOUP .PSUFSP MBESJMMPT CMPRVFT NBNQPTUFSÓB FOMVDJEP FUD "DFSP IJFSSP BMVNJOJP .BEFSB QPMJÏTUFS FQPYJ

1VFEF TFS VUJMJ[BEP FO IPSNJHØO IÞNFEP &YDFMFOUF BEIFSFODJB BM TPQPSUF /P EFTDVFMHB JODMVTP FO UFDIPT "MUB DBQBDJEBE EF DBSHB &OEVSFDF TJO SFUSBDDJØO -JCSF EF FTUJSFOP 1VFEF TFS BQMJDBEP DPO VOB QJTUPMB VOJWFSTBM EF TFMMBEP $POTVNP $POTVMUBS )PKB EF %BUPT EF 1SPEVDUP

$PMPSFT (SJT DMBSP

1SFTFOUBDJØO $BSUVDIPT EF DN

4JLB#POE¥ 5 "EIFTJWP FMÈTUJDP NVMUJVTPT EF BMUB SFTJTUFODJB "EIFTJWP FMÈTUJDP NPOPDPNQPOFOUF B CBTF EF QPMJVSFUBOP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"EIFTJWP EF DPOTUSVDDJØO EF BMUB SFTJTUFODJB "EFDVBEP QBSB FM QFHBEP EF BMGÏJ[BSFT BQPZPT EF UBCJRVFT EF TFQBSBDJØO QFMEB×PT EF FTDBMFSBT [ØDBMPT UBCMPOFT CBKPT MFUSFSPT Z DBSUFMBT FMFNFOUPT QSFGBCSJDBEPT FUD &YDFMFOUF BEIFSFODJB FO IPSNJHØO MBESJMMP QJFESBT B[VMFKPT DFSÈNJDB NBEFSB BMVNJOJP BDFSP ZFTP 17$ 16 FUD

(SBO DBQBDJEBE EF BHBSSF JOJDJBM EF MB QJF[B TJO EFTDVFMHVF $VSBEP SÈQJEP (SBO BEIFSFODJB B MB NBZPSÓB EF MPT TPQPSUFT "EIFTJWP FMÈTUJDP BCTPSCF FM TPOJEP 3FEVDF MB WJCSBDJØO SFTJTUFOUF B WJCSBDJPOFT Z DIPRVFT

$PNQFOTB MBT UPMFSBODJBT EFM TPQPSUF (SBO SFTJTUFODJB B MB JOUFNQFSJF Z BM FOWFKFDJNJFOUP "QMJDBDJPOFT JOUFSJPSFT Z FYUFSJPSFT $POTVNP 4FHÞO EJNFOTJPOFT EF KVOUB

$PMPSFT /FHSP Z CMBODP 1SFTFOUBDJØO 4BMDIJDIØO DN FO OFHSP $BSUVDIP DN FO CMBODP


4JLB#POE¥ 5 "EIFTJWP FMÈTUJDP F JNQFSNFBCMF QBSB DPMPDBDJØO EF CBMEPTBT "EIFTJWP FMÈTUJDP EF VO DPNQPOFOUF B CBTF EF QPMJVSFUBOP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

4JLB#POE 5 FT FM BEIFTJWP QBSB JNQFSNFBCJMJ[BDJØO EF TVFMPT DFSÈNJDPT 4F DSFB VOB DBQB JNQFSNFBCJMJ[BOUF Z EF QFHBEP EF MBT QJF[BT DFSÈNJDBT TPCSF IPSNJHØO NPSUFSP Z CBMEPTBT BOUJHVBT FYJTUFOUFT 1BSB CBMDPOFT UFSSB[BT DPDJOBT DVBSUPT EF CB×P Z PUSBT [POBT FYQVFTUBT GSFDVFOUFNFOUF BM BHVB ¥

$POTVNP $BQB EF *NQFSNFBCJMJ[BDJØO &OUSF LH N DPO VOB MMBOB NFUÈMJDB FO VOB DBQB EF NN EF FTQFTPS EFQFOEJFOEP EF MB DBMJEBE EFM TPQPSUF $BQB EF QFHBEP "QSPYJNBEBNFOUF LH N DPO MMBOB EFOUBEB DPO NVFTDBT EF Y NN 1BSB TPQPSUFT QSFQBSBEPT DPO 4JLB¥ 1SJNFS .# FM DPOTVNP EF 4JLB#POE¥ 5 TF SFEVDF

*NQFSNFBCJMJ[BDJØO Z QFHBEP DPO VO ÞOJDP QSPEVDUP 3FEVDF MB USBOTNJTJØO BDÞTUJDB BCTPSCF FM TPOJEP EF JNQBDUP 3ÈQJEP DVSBEP 1FHB EJSFDUBNFOUF TPCSF WJFKBT CBMEPTBT EF DFSÈNJDB 1FHB TPCSF MB NBZPSÓB EF MPT TPQPSUFT 3FEVDF MB UFOTJØO TPCSF FM TPQPSUF FM QFHBNFOUP FMÈTUJDP SFEVDF MB UFOTJØO USBOTWFSTBM FOUSF CBMEPTB Z TPQPSUF $PNQFOTBDJØO EF UPMFSBODJBT FO MBT TVQFSm DJFT EF BQPZP

$PMPSFT 0DSF

1SFTFOUBDJØO $VCPT EF M

4JLB#POE¥ 5 "EIFTJWP TFNJ FMÈTUJDP GÈDJM EF FYUFOEFS QBSB FM QFHBEP EF TVFMPT EF NBEFSB 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

4F VUJMJ[B QBSB QFHBEP DPOUJOVP EF QBWJNFOUPT EF NBEFSB TPCSF VOB BNQMJB HBNB EF TPQPSUFT &TUÈ FTQFDJBMNFOUF JOEJDBEP QBSB MBNJOBEPT TJO NBDIJIFNCSBEP FO MBT KVOUBT FK QBSRVFU JOEVTUSJBM P QBSRVFU EF NPTBJDP UBNCJÏO FT BEFDVBEP QBSB MBNJOBEPT EF NBEFSB QSFGPSNBEPT MBNBT 4F BQMJDB DPO MMBOB

.POPDPNQPOFOUF MJTUP QBSB TV VTP 4FNJ FMÈTUJDP &YDFMFOUF USBCBKBCJMJEBE GÈDJM EF FTQBUVMBS NBOUJFOF MBT NBSDBT EF MB MMBOB "MUB EVSF[B 4IPSF " &TQFDJBMNFOUF JOEJDBEP QBSB QBWJNFOUPT EF NBEFSB TJO KVOUBT NBDIJIFNCSBEBT Z QBWJNFOUPT EF NBEFSB JOEVTUSJBMFT "QUP QBSB TVFMP SBEJBOUF $PNQFOTB JSSFHVMBSJEBEFT EFM TPQPSUF

$POTVNP o H N DPO MMBOB EFOUBEB # QBSB MBNBT QBSRVFU JOEVTUSJBM Z QBSRVFU EF NPTBJDP o H N DPO MMBOB EFOUBEB # QBSB MBNJOBEPT DPOUSBDIBQBEPT Z QBSRVFU EF NPTBJDP o H N BQMJDBEP DPO MMBOB EFOUBEB # QBSB DPOUSBDIBQBEPT EF NBEFSB UBOUP MBNJOBEPT DPNP QMBODIBT

$PMPSFT .BSSØO QBSRVFU

1SFTFOUBDJØO #PUFT NFUÈMJDPT EF LH M


1 FHBEP

4JLB#POE¥ 5 '$ "EIFTJWP FMÈTUJDP QBSB QFHBEP EF QBWJNFOUPT EF NBEFSB MJCSF EF EJTPMWFOUFT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

&TQFDJBMNFOUF JOEJDBEP QBSB 4JTUFNB 4JLB¥ "DPV#POE 1BSB SFEVDJS FM TPOJEP EF JNQBDUP QFHBOEP MPT QBWJNFOUPT EF NBEFSB NBDIJIFNCSBEB Z NBEFSB QSFOTBEB 1FHBEP TVQFSm DJBM DPOUJOVP 1BSB MB NBEFSB NBDJ[B NBEFSB DPOUSBDIBQBEB Z NBEFSB QSFOTBEB P BHMPNFSBEB 1FHBEP TVQFSm DJBM DPOUJOVP NFEJBOUF 4JLB#POE¥ %JTQFOTFS 1BSB FM 6TP .PMEFBEP 1FHBEP FMÈTUJDP EF [ØDBMPT SPEBQJÏT Z VNCSBMFT "EFDVBEP QBSB MPT UJQPT NÈT DPNVOFT EF UBSJNBT EF NBEFSB

$VSBEP SÈQJEP 5SBCBKBCJMJEBE FYDFMFOUF NVZ GÈDJM EF FYUSVTJPOBS #VFO BHBSSF JOJDJBM 4F QVFEF MJKBS FM QBWJNFOUP EFTQVÏT EF IPSBT (+23 °C / 50 % h.r -MBOB # #

4JO EJTPMWFOUF *OPEPSP &MÈTUJDP BEIFTJWP RVF BNPSUJHVB FM QBTP EFM TPOJEP "EFDVBEP QBSB FM QFHBEP EF UBSJNBT EF NBEFSB EJSFDUBNFOUF TPCSF MBT WJFKBT CBMEPTBT EF DFSÈNJDB $PNQFOTB JSSFHVMBSJEBEFT EFM TPQPSUF 3FEVDF MB UFOTJØO USBOTWFSTBM FOUSF MB UBSJNB EF NBEFSB Z FM TPQPSUF "EFDVBEP QBSB QBWJNFOUPT DPO TVFMP SBEJBOUF FM BEIFTJWP QVFEF TFS MJKBEP $POTVNP $PSEØO H N $POUJOVP H N $PMPSFT .BSSØO QBSRVFU 1SFTFOUBDJØO 4BMDIJDIØO EF DN TBMDIJDIØO EF DN QBSB 4JLB#POE¥ %JTQFOTFS

4JLB#POE¥ 5 "EIFTJWP FMÈTUJDP NPOPDPNQPOFOUF B CBTF EF QPMJVSFUBOP QBSB QFHBEP QPS DPSEPOFT EF NBEFSB 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

&TQFDJBMNFOUF JOEJDBEP QBSB 4JTUFNB 4JLB¥ "DPV#POE 1BSB SFEVDJS FM TPOJEP EF JNQBDUP 1FHBEP EF [ØDBMPT SPEBQJÏT BMGFJ[BSFT Z VNCSBMFT 1FHBEP QPS DPSEPOFT EF QBWJNFOUPT EF NBEFSB

.POPDPNQPOFOUF &MÈTUJDP BNPSUJHVB FM SVJEP $VSBEP SÈQJEP "EFDVBEP QBSB TVFMPT SBEJBOUFT $POTVNP DD QPS NFUSP MJOFBM EF QFHBEP

$PMPSFT #FJHF

1SFTFOUBDJØO $BSUVDIPT EF DD


4JLB#POEยฅ 5 '$ "EIFTJWP FMร TUJDP QBSB TVFMPT EF NBEFSB EF CBKB WJTDPTJEBE MJCSF EF EJTPMWFOUFT $BSBDUFSร TUJDBT Z 7FOUBKBT

6TPT ยฅ

4JLB#POE 5 '$ FT JEFBM QBSB FM QFHBEP EF ย 5BSJNBT EF NBEFSB NBDJ[B Z NBDIJIFNCSBEB MBNBT MBNQBSRVFU UBCMPOFT QBOFMFT QMBDBT QBSRVFU EF NPTBJDP FOUBSJNBEP JOEVTUSJBM MBNJOBEPT BHMPNFSBEPT ย "EFDVBEP B MPT UJQPT Nร T DPNVOFT EF UBSJNBT EF NBEFSB ย &TQFDJBMNFOUF BEFDVBEP QBSB NBEFSBT QSPCMFNร UJDBT DPNP IBZB BSDF Z CBNCร

ย 1SPQJFEBEFT EF DVSBEP Sร QJEP ย 5SBCBKBCJMJEBE FYDFMFOUF ย &M TVFMP TF QVFEF MJKBS EFTQVร T EF IPSBT ยก $ I S MMBOB # #

ย 4JO EJTPMWFOUF *OPEPSP ย &Mร TUJDP BEIFTJWP RVF BNPSUJHVB FM QBTP EFM TPOJEP ย "EFDVBEP QBSB FM QFHBEP EF UBSJNBT EF NBEFSB EJSFDUBNFOUF TPCSF MBT WJFKBT CBMEPTBT EF DFSร NJDB ย $PNQFOTB MBT JSSFHVMBSJEBEFT EFM TPQPSUFT ย 3FEVDF MB USBOTGFSFODJB EF UFOTJร O FOUSF MB UBSJNB EF NBEFSB Z FM TPQPSUF ย "EFDVBEP QBSB FM VTP DPO DBMFGBDDJร O EF TVFMP SBEJBOUF $POTVNP HS N

$PMPSFT )BZB DMBSP

1SFTFOUBDJร O #PUF EF LH

4JLB#POEยฅ 5 4JLB#POEยฅ 5 FT VO BEIFTJWP FMร TUJDP NPOPDPNQPOFOUF EF DVSBEP Sร QJEP QBSB QFHBEP EF QBWJNFOUPT EF NBEFSB 6TPT

$BSBDUFSร TUJDBT Z 7FOUBKBT

ย "EFDVBEP QBSB FM QFHBEP EF QBSRVFU Z MBNJOBEPT FO GPSNB EF NPTBJDP QBRVFU JOEVTUSJBM UBCMBT MBSHBT QBOFMFT QMBODIBT FOUBSVHBEPT Z UBCMFSPT EF m CSBT Z DPOUSBDIBQBEPT FUD

ย .POPDPNQPOFOUF MJTUP QBSB TV VTP ย %F DVSBEP Sร QJEP ย &Mร TUJDP BEIFTJWP RVF BNPSUJHVB FM SVJEP EF MBT QJTBEBT ย "EFDVBEP QBSB UPEP UJQP EF TVFMPT EF NBEFSB ย 3FDPNFOEBEP QBSB NBEFSBT QSPCMFNร UJDBT DPNP FM IBZB BSDF Z FM CBNCร ย "QMJDBCMF FO TVFMPT EF NBEFSB TPCSF WJFKPT QBWJNFOUPT DFSร NJDPT ย -B FMBTUJDJEBE EFM BEIFTJWP SFEVDF MB UFOTJร O USBOTWFSTBM FOUSF FM QBWJNFOUP EF NBEFSB Z FM TPQPSUF ย "QUP QBSB TVFMP SBEJBOUF ย &M BEIFTJWP QVFEF TFS MJKBEP ย $POTVNP TBMDIJDIร O N

$PMPSFT .BSSร O

1SFTFOUBDJร O 4BMDIJDIร O EF DN


1 FHBEP

4JLB#POE¥ & "EIFTJWP EF NPOUBKF EF DVSBEP SÈQJEP QBSB VTP QSPGFTJPOBM 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

'JKBDJØO Z NPOUBKF EF SPEBQJÏT [ØDBMPT NBSDPT FUD 'PSSBEP EF BSNBSJPT Z NVFCMFT &WJUB FM VTP EF DMBWPT Z PUSBT m KBDJPOFT NFDÈOJDBT

-JTUP QBSB TV VTP $VSBEP SÈQJEP BMUP BHBSSF JOJDJBM "EIJFSF TPCSF NVMUJUVE EF TPQPSUFT 'ÈDJM EF BQMJDBS $POTVNP DBSUVDIP BQSPY QBSB N MJOFBMFT EF DPSEØO

$PMPSFT .BSSØO

1SFTFOUBDJØO $BSUVDIP EF DD

4JLB#POE¥ "EIFTJWP FTQFDJBM QBSB QFHBEP EF QPMJFTUJSFOP "EIFTJWP FO EJTQFSTJØO BDSÓMJDB NPOPDPNQPOFOUF MJCSF EF EJTPMWFOUFT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1BSB FM QFHBEP EF FMFNFOUPT EF QPMJFTUJSFOP Z NBUFSJBMFT EF BJTMBNJFOUP B[VMFKPT NPMEVSBT 5BNCJÏO BEFDVBEP QBSB FM QFHBEP EF NBEFSB ZFTP DFSÈNJDB NFUBMFT 17$ FUD

&YDFMFOUF BEIFSFODJB FO QPMJFTUJSFOP FTQVNB EF QPMJVSFUBOP IPSNJHØO MBESJMMP QJFESB ZFTP FUD #BKP PMPS "ENJUF QJOUBEP $POTVNP 6O DBSUVDIP FRVJWBMF B VO DPSEØO EF N Y NN EF EJBNFUSP

$PMPSFT #MBODP

1SFTFOUBDJØO $BSUVDIP EF DN


4JLB#POE¥ 2 "EIFTJWP FYUSB GVFSUF EF DVSBEP SÈQJEP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"EIFTJWP NVMUJVTPT TFNJ FTUSVDUVSBM QBSB USBCBKPT FO JOUFSJPSFT Z FO JOTUBMBDJPOFT TPCSF EJGFSFOUFT TPQPSUFT DPNP BDFSP BMVNJOJP DPCSF BDFSP JOPYJEBCMF OP SFDPNFOEBEP QBSB TPQPSUFT DSPNBEPT DSJTUBM "#4 17$ QPMJDBSCPOBUP BDSÓMJDPT 1.." IPSNJHØO MBESJMMPT NBEFSB NBUFSJBMFT DPNQVFTUPT DFSÈNJDB /P BEFDVBEP QBSB 1& 11 TJMJDPOBT 15'& UFn ØO CBMEPTBT DPO FGFDUP -PUVT TPQPSUFT DSPNBEPT

3ÈQJEP EFTBSSPMMP EF MB BEIFSFODJB FO DVFTUJØO EF VOPT NJOVUPT EFTQVÏT EF MB BQMJDBDJØO "MUB SFTJTUFODJB 4F BQMJDB DPO QJTUPMB USBEJDJPOBM #VFOB BEIFSFODJB B MB NBZPSÓB EF MPT TPQPSUFT /P UØYJDP TJO ÈDJEPT OJ EJTPMWFOUFT 4FNJ FTUSVDUVSBM n FYJCJMJEBE BEFDVBEB "NPSUJHVB WJCSBDJPOFT Z FT SFTJTUFOUF B JNQBDUPT 1VFEF VUJMJ[BSTF DPO P TJO QSFQBSBDJØO TVQFSm DJBM TJFNQSF EFQFOEJFOEP EF MBT DPOEJDJPOFT EFM TPQPSUF

1VFEF VUJMJ[BSTF B CBKBT UFNQFSBUVSBT /P EFTDVFMHB JODMVTP TJ TF VUJMJ[B FO UFDIPT 3FTJTUFOUF B SBZPT 67

$PMPSFT $PNQPOFOUF " #MBODP $PNQPOFOUF # /FHSP .F[DMB EF " # (SJT 1SFTFOUBDJØO $BSUVDIPT EF NM Z NM

4JLB#POE¥ "5 6OJWFSTBM "EIFTJWP NVMUJVTP QBSB QFHBEP FMÈTUJDP B CBTF EF QPMJNFSPT UFSNJOBEPT FN TJMBOPT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"EIFTJWP NVMUJVTP QBSB QFHBEPT UBOUP FO JOUFSJPSFT DPNP FYUFSJPSFT EF DBOBMFUBT QBSB DBCMFT QJF[BT EF BJTMBNJFOUP BDÞTUJDP QBSB UFDIPT Z VNCSBMFT EF QVFSUBT NBUFSJBMFT MJHFSPT EF DPOTUSVDDJØO TFMMBEP Z QFHBEP EF UFKBEPT SFWFTUJNJFOUP QBSB NVSPT QMBDBT EF DVCSJDJØO FUD 1PTFF NVZ CVFOB BEIFSFODJB TPCSF MB NBZPSÓB EF MPT TPQPSUFT DPNP 17$ SÓHJEP QMÈTUJDP SFGPS[BEP DPO m CSB EF WJESJP ('31 NBEFSB DFSÈNJDB UFKBT MBESJMMPT IPSNJHØO BMVNJOJP BDFSP JOPYJEBCMF FUD %FCJEP B TVT FYDFMFOUFT QSPQJFEBEFT QVFEF VTBSTF DPNP TFMMBEPS EF BMUP NØEVMP QBSB KVOUBT FO QBWJNFOUPT Z KVOUBT EF EJMBUBDJØO

.POPDPNQPOFOUF MJTUP QBSB TV VTP &MFWBEB BEIFSFODJB TJO JNQSJNBDJØO TPCSF MB NBZPSÓB EF MPT TPQPSUFT &YDFMFOUF USBCBKBCJMJEBE 3PUVSB EF IJMP DPSUB 3ÈQJEB GPSNBDJØO EF QJFM Z SÈQJEP DVSBEP $PNQFOTBDJØO EF JSSFHVMBSJEBEFT EF MB TVQFSm DJF B QFHBS /P DPSSPTJWP #VFOB SFTJTUFODJB B MB JOUFNQFSJF Z BM BHVB -JCSF EF TJMJDPOBT "ENJUF QJOUBEP -JCSF EF TPMWFOUFT $POTVNP 7FS )PKB EF %BUPT EF 1SPEVDUP

$PMPSFT #MBODP (SJT PTDVSP

1SFTFOUBDJØO $BSUVDIPT EF DN 4BMDIJDIØO EF DN


1 FHBEP

4JLB#POE¥ "5 .FUBM "EIFTJWP FTQFDJBM QBSB QFHBEP FMÈTUJDP EF NFUBMFT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"EFDVBEP QBSB TFMMBEPT FO JOUFSJPSFT Z FYUFSJPSFT "QUP QBSB QFHBEP EF GBDIBEBT EF NFUBM FMFNFOUPT EF DVCJFSUB DIBQB EF DVCJFSUB MÈNJOBT EF NFUBM TFMMBEPT EF KVOUBT MVDFSOBSJPT SFWFTUJNJFOUPT NFUÈMJDPT FUD .VZ CVFOB BEIFSFODJB TPCSF TPQPSUFT OP QPSPTPT FTQFDJBMNFOUF TPCSF NFUBMFT BMVNJOJP DPCSF BDFSP HBMWBOJ[BEP BDFSP JOPYJEBCMF FUD Z TPCSF QMÈTUJDPT 17$ SFWFTUJNJFOUPT FO QPMWP FUD

.POPDPNQPOFOUF MJTUP QBSB TV VTP &MFWBEB BEIFSFODJB TPCSF TPQPSUFT OP QPSPTPT Z NFUBMFT TJO OFDFTJEBE EF JNQSJNBDJØO .VZ CVFOB BEIFSFODJB TPCSF TPQPSUFT QPSPTPT IPSNJHØO UFKBT NPSUFSP FUD

&YDFMFOUF USBCBKBCJMJEBE 3PUVSB EF IJMP DPSUB 3ÈQJEB GPSNBDJØO EF QJFM Z SÈQJEP DVSBEP /P DPSSPTJWP #VFOB SFTJTUFODJB B MB JOUFNQFSJF Z BM BHVB -JCSF EF TJMJDPOBT Z TPMWFOUFT $POTVNP 7FS )PKB EF %BUPT EF 1SPEVDUP

$PMPSFT $PCSF Z (SJT DMBSP

1SFTFOUBDJØO $BSUVDIPT EF DN

4JLB#POE¥ 5VCFSÓBT "EIFTJWP EF DPOUBDUP B CBTF EF SFTJOB TJOUÏUJDB QBSB QFHBEP EF UVCFSÓBT EF 17$ 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1FHBEP EF UVCFSÓBT EF 17$ SÓHJEP UBOUP EF TBOFBNJFOUP DPNP TPNFUJEBT B QSFTJØO

1SPQPSDJPOB VO QFHBEP QPS TPMEBEVSB FO GSÓP SÈQJEB TJO OFDFTJEBE EF MJKBEP V PUSB QSFQBSBDJØO TVQFSm DJBM EF 17$ SÓHJEP /P QSFDJTB IFSSBNJFOUBT FTQFDJBMFT QBSB TV BQMJDBDJØO "QMJDBDJØO EJSFDUB FO PCSB /P OFDFTJUB NBOP EF PCSB FTQFDJBMJ[BEB QBSB TV BQMJDBDJØO "QUP QBSB UVCFSÓBT EF FWBDVBDJØO DPNP EF QSFTJØO $POTVNP M N

$PMPSFT -ÓRVJEP BNBSJMMP

1SFTFOUBDJØO 5VCPT EF DN CPUF QJODFM M


4JLB#POE¥ ' "EIFTJWP JOTUBOUÈOFP B CBTF EF FUJMDJBOPDSJMBUP EF CBKB WJTDPTJEBE 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

$PNP BEIFTJWP EF m KBDJØO JOTUBOUÈOFB QBSB QFHBEP EF QJF[BT QFRVF×BT UBMFT DPNP NFUBMFT QMÈTUJDPT HPNBT NBEFSB QBQFM Z PUSPT NBUFSJBMFT &TUÈ FTQFDJBMNFOUF JOEJDBEP QBSB FM QFHBEP EF QJF[BT EF TVQFSm DJF MJTB 1FRVF×BT SFQBSBDJPOFT QBUJMMBT EF HBGBT TVFMBT EF [BQBUPT NBSDPT EF DVBESPT DFSÈNJDB KVHVFUFT EFTQFSGFDUPT FO QFRVF×PT FMFDUSPEPNÏTUJDPT FUD

'ÈDJM EF BQMJDBS EF CBKB WJTDPTJEBE 'VFSUF BEIFSFODJB SÈQJEBNFOUF FO FOPSNF WBSJFEBE EF TVCTUSBUPT QMÈTUJDPT DBVDIPT NFUBMFT NBEFSBT DFSÈNJDBT DVFSP "EIFTJWP EF CBKP DPOTVNP 7FSTBUJMJEBE QFSNJUF MB VOJØO EF NBUFSJBMFT EF EJWFSTB OBUVSBMF[B *ODPMPSP #VFOB EVSBCJMJEBE

$PMPSFT -ÓRVJEP USBOTQBSFOUF

1SFTFOUBDJØO #PUFT EF H Z H

4JLB¥ .VMUJ,JU 1BTUB NPMEFBCMF NVMUJVTP B CBTF EF SFTJOB FQPYJ QBSB QFHBEP TFMMBEP SFMMFOP Z SFQBSBDJØO 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1BTUB NPMEFBCMF NVMUJVTP QBSB SFQBSBDJØO VOJWFSTBM Z NBTJMMB EF QFHBEP QBSB )PSNJHØO QJFESB OBUVSBM EVSB $FSÈNJDBT m CSB EF DFNFOUP "DFSP IJFSSP BMVNJOJP .BEFSB .PSUFSP -BESJMMP 1PMJÏTUFS FQPYJ DSJTUBM .BTJMMB EF SFQBSBDJØO SÈQJEB QBSB IPSNJHØO Z BMCB×JMFSÓB &TRVJOBT Z CPSEFT 3FQBSBDJPOFT EF TFMMBEP EF NFOPS JNQPSUBODJB EF UVCFSÓBT Z EFQØTJUPT 3FMMFOP EF KVOUBT Z TFMMBEP EF HSJFUBT 4FMMBEP Z SFMMFOP EF IVFDPT Z BHVKFSPT 6OJPOFT FO HSJFUBT TJO NPWJNJFOUP

'ÈDJM EF NF[DMBS Z BQMJDBS "EFDVBEP QBSB TVQFSm DJFT TFDBT Z IÞNFEBT JODMVTP CBKP FM BHVB

"EIFSFODJB NVZ CVFOB B MB NBZPS QBSUF EF NBUFSJBMFT EF DPOTUSVDDJØO 1VFEF TFS MJKBEP DPSUBEP QFSGPSBEP UBMBESBEP QJOUBEP Z CBSOJ[BEP 4JO EJTPMWFOUF &OEVSFDF TJO SFUSBDDJØO %PT DPNQPOFOUFT DPMPSFBEPT QBSB FM DPOUSPM EF MB NF[DMB

/P OFDFTJUB JNQSJNBDJØO #VFOB SFTJTUFODJB EF BCSBTJØO "MUBT SFTJTUFODJBT JOJDJBMFT Z m OBMFT

$PMPSFT %F MB NF[DMB (SJT DMBSP

1SFTFOUBDJØO #BSSJUB EF H FO QFRVF×PT UVCPT EF QMÈTUJDP


1 FHBEP

4JLB¥ 5BQF $JOUB BNFSJDBOB B CBTF EF QPMJFUJMFOP JNQFSNFBCMF Z BEIFTJWP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1BSB TFMMBEP FTUBODP FO HFOFSBM 1BSB SFBMJ[BS FNQBMNFT EF m MNT Z MÈNJOBT EF QPMJFUJMFOP 1BSB m KBS Z TPTUFOFS DBCMFT Z QJF[BT EJWFSTBT 6OJØO EF NPRVFUBT 4FMMBEP EF NBOHVFSBT UVCFSÓBT EF TBOFBNJFOUP HSJGFSÓBT FUD 3FQBSBDJPOFT QSPWJTJPOBMFT

#VFOB DBQBDJEBE JNQFSNFBCJMJ[BOUF #VFOB SFTJTUFODJB B USBDDJØO "MUB n FYJCJMJEBE Z DBQBDJEBE EF BEBQUBSTF BM TPQPSUF #VFOB BEIFSFODJB UBOUP JOJDJBM DPNP m OBM 'ÈDJM EF DPSUBS &YDFMFOUF DPNQPSUBNJFOUP UBOUP B CBKBT DPNP BMUBT UFNQFSBUVSBT

$PMPSFT (SJT QMBUB

1SFTFOUBDJØO 3PMMPT EF N Y NN N Y NN N Y NN

4JLB¥ 5BQF .% $JOUB BEIFTJWB NVMUJVTP SFTJTUFOUF B SBZPT 67 B CBTF EF QPMJFUJMFOP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FQBSBDJØO DJFSSF Z SFGVFS[P FO VTP FYUFSJPS F JOUFSJPS 'JKBDJØO EF USBCBKPT FO GBDIBEB .POUBKF TF×BMJ[BDJØO Z QSPUFDDJØO

.VZ CVFOB BEIFSFODJB 'ÈDJM BQMJDBDJØO #VFO DPNQPSUBNJFOUP TPCSF UPEBT MBT TVQFSm DJFT *NQFSNFBCMF SFTJTUFOUF B MB JOUFNQFSJF -BSHB EVSBCJMJEBE "MUB DBQBDJEBE EF BJTMBNJFOUP FMÏDUSJDP

$PMPSFT /FHSP

1SFTFOUBDJØO 3PMMPT EF N Y NN


4JLB¥ 5BQF %4 $JOUB BEIFTJWB EF EPCMF DBSB EF UFMB FYUSBGVFSUF 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

'JKBDJØO EF SFWFTUJNJFOUPT EF TVFMPT 1FHBEP EF PCKFUPT Z NBUFSJBMFT EJWFSTPT DPNP UFMBT FTQVNBT NPRVFUBT FUD

#VFOB BEIFSFODJB TPCSF TPQPSUFT SVHPTPT F JSSFHVMBSFT 'MFYJCMF Z GÈDJM EF DPOGPSNBS %F HSBO EVSBCJMJEBE 1BSB m KBDJØO EF SFWFTUJNJFOUPT UFYUJMFT QBSB QBWJNFOUPT DPO FM SFWFSTP EF FTQVNB "QUP QBSB QBWJNFOUPT DPO NVDIP USÈm DP

$PMPSFT #MBODP

1SFTFOUBDJØO 3PMMPT EF N Y NN

4JLB¥ (BSEFO "EIFTJWF "EIFTJWP B CBTF EF QPMJVSFUBOP NPOPDPNQPOFOUF "EIFTJWP B CBTF EF QPMJVSFUBOP EF EPT DPNQPOFOUFT 4JLB¥ (BSEFO "EIFTJWF 6TPT

4JLB¥ (BSEFO "EIFTJWF 6TPT

4FMMBEP Z QFHBEP FMÈTUJDP EF MPT TPMBQFT EF MBT NBOUBT 1FHBEP EF TPMBQFT EF MBT NBOUBT EF DÏTQFE BSUJm DJBM EF DÏTQFE BSUJm DJBM 4JLB¥ (BSEFO ( QBSB BQMJDBDJØO QPS 4JLB¥ (BSEFO ( QBSB BQMJDBDJØO QPS WFSUJEP Z FYUFOEJEP QJTUPMB QBSB FTQBUVMBEP NFEJBOUF MMBOB EFOUBEB NFEJBOUF MMBOB EFOUBEB

$PMPSFT "EIFTJWF 7FSEF DMPSPm MB "EIFTJWF $SFNB 1SFTFOUBDJØO "EIFTJWF $BSUVDIPT EF NM "EIFTJWF -PUFT QSFEPTJm DBEPT EF LH


3FQBSBDJØO 4JLB 5PQ¥ "SNBUFD &QP$FN¥ QÈ 4JLB 5PQ¥ .BTB QBSB &TQBUVMBS 4JLB 5PQ¥ .PSUFSP EF 3FQBSBDJØO 4JLB .POPUPQ¥ '( QÈ 4JLB .POPUPQ¥ 4 4JLB .POPUPQ¥ 4JLB .POPUPQ¥ 4JLB .POPUPQ¥ 4JLB .POPUPQ¥ 4JLB¥ .JOJ1BDL .PSUFSP EF 3FQBSBDJØO 4JLB¥ 3FQ $PTNFUJD 4JLB .POPUPQ¥ 4JLB .POPUPQ¥ 4

H QÈH QÈH H QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH

*NQFSNFBCJMJ[BDJØO 4JLB 5PQ¥ 4FBM 4JLB¥ 4FBM " 4JLB 5PQ¥ &4 QÈ 4JLB¥ .POPUPQ 4FBM 4JLB¥ .JOJ1BDL .PSUFSP *NQFSNFBCJMJ[BOUF 4JLB 5PQ¥ 41

QÈH QÈH H QÈH QÈH QÈH

.PSUFSPT QSFQBSBEPT

4JLB FO UPEPT MPT QSPZFDUPT JNQPSUBOUFT

5SBUBNJFOUP EF 'BDIBEBT 4JLB.VS¥ QÈ 4JLB¥ 3FQ

H QÈH

1BWJNFOUPT 4JLB¥ -FWFM 4JLB¥ -FWFM &YUSB QÈ 4JLBn PPS -FWFM QÈ

QÈH H H

.PSUFSPT EF 'SBHVBEP 3ÈQJEP 4JLB¥ B .PSUFSP 3ÈQJEP 4JLB¥ .JOJ1BDL .PSUFSP 3ÈQJEP QBSB ' JKBDJPOFT 4JLB¥ 'BTU'JY 51 4JLB¥ 'BTU'JY 51

QÈH QÈH QÈH QÈH


4JLB 5PQ¥ "SNBUFD &QP$FN¥ 3FWFTUJNJFOUP BOUJDPSSPTJØO Z DBQB EF BEIFSFODJB QBSB BSNBEVSBT EF IPSNJHØO B CBTF EF DFNFOUP Z SFTJOBT FQPYJ 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FWFTUJNJFOUPT JNQFSNFBCMFT EF QFRVF×P FTQFTPS EF QJTDJOBT EFQPSUJWPT TØUBOPT FUD 3FHVMBSJ[BDJØO EF TVQFSm DJFT SFQBSBDJPOFT EF m TVSBT HSJFUBT Z DPRVFSBT EF QFRVF×P FTQFTPS 6OJPOFT EF FMFNFOUPT EF IPSNJHØO DFMVMBS QBOFMFT EF FTQVNB DFMVMBS Z BJTMBNJFOUP

1SFEPTJm DBEP $BMJEBE VOJGPSNF &YDFMFOUF BEIFSFODJB BM BDFSP Z BM IPSNJHØO *NQFSNFBCMF BM BHVB 1FSNFBCMF BM WBQPS EF BHVB $POUJFOF JOIJCJEPSFT EF DPSSPTJØO 3FTJTUFODJB B DJDMPT IJFMP EFTIJFMP $POTVNP $BQB EF BEIFSFODJB LH N 3FWFTUJNJFOUP BOUJDPSSPTJØO LH N

$PMPSFT (SJT

1SFTFOUBDJØO -PUFT QSFEPTJm DBEPT EF LH

4JLB 5PQ¥ .BTB QBSB &TQBUVMBS .BTB QBSB FTQBUVMBS UJYPUSØQJDB B CBTF EF DFNFOUP IVNP EF TÓMJDF Z SFTJOBT TJOUÏUJDBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

.PSUFSP QBSB SFHVMBSJ[BDJØO Z SFQBSBDJØO EF QFRVF×P FTQFTPS *NQFSNFBCJMJ[BDJØO EF FTUBORVFT QJTDJOBT FUD 6OJPOFT EF FMFNFOUPT EF IPSNJHØO Z QBOFMFT QSFGBCSJDBEPT MJHFSPT

'ÈDJM NF[DMBEP Z BQMJDBDJØO 1SFEPTJm DBEP MJTUP QBSB TV VTP #VFOB BEIFSFODJB B MB NBZPSÓB EF MPT TPQPSUFT "MUBT SFTJTUFODJBT NFDÈOJDBT $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT (SJT Z #MBODP

1SFTFOUBDJØO -PUFT EF LH QSFEPTJm DBEPT


.PSUFSPT QSFQBSBEPT

4JLB 5PQ¥ .PSUFSP EF 3FQBSBDJØO .PSUFSP UJYPUSØQJDP MJTUP QBSB TV FNQMFP B CBTF EF DFNFOUP NFKPSBEP DPO SFTJOBT TJOUÏUJDBT IVNP EF TÓMJDF Z NFKPSBEP DPO m CSBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FQBSBDJPOFT EF IPSNJHØO BSNBEP 1VFOUFT HBMFSÓBT EFQØTJUPT DBOBMFT QJTDJOBT "SJTUBT NPMEVSBT DPSOJTBT DPRVFSBT KVOUBT EF BMCB×JMFSÓB FUD

1SFEPTJm DBEP 3FQBSBDJPOFT DPO FTQFTPSFT EF IBTUB NN .VZ CVFOB BEIFSFODJB "MUBT SFTJTUFODJBT NFDÈOJDBT 3FGPS[BEP DPO m CSBT TJOUÏUJDBT *NQFSNFBCMF BM BHVB Z QFSNFBCMF BM WBQPS EF BHVB 3FTJTUFOUF B MB JOUFNQFSJF $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT (SJT PTDVSP

1SFTFOUBDJØO -PUFT EF LH QSFEPTJm DBEPT

4JLB .POPUPQ¥ '( .PSUFSP EF SFQBSBDJØO OP FTUSVDUVSBM EF DVSBEP SÈQJEP DMBTF 3 DPO JOIJCJEPSFT EF DPSSPTJØO 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"EFDVBEP QBSB USBCBKPT EF SFQBSBDJØO EF IPSNJHØO 1SJODJQJP NÏUPEP Z EF 6/& &/ 3FQBSBDJØO EF EFTDPODIPOFT Z EFUFSJPSPT EFM IPSNJHØO FO FEJm DJPT Z PUSBT FTUSVDUVSBT "EFDVBEP QBSB MB DPOTFSWBDJØO P SFTUBVSBDJØO EFM QBTJWB[P 1SJODJQJP NÏUPEP Z EF MB 6/& &/ *ODSFNFOUP EFM SFDVCSJNJFOUP DPO NPSUFSP BEJDJPOBM Z SFNQMB[BOEP FM IPSNJHØO DPOUBNJOBEP P DBSCPOBUBEP

.PSUFSP NPEJm DBEP DPO QPMÓNFSP QBSB BVNFOUBS MB EVSBCJMJEBE &YDFMFOUF USBCBKBCJMJEBE "QMJDBDJØO EFM NPSUFSP B NBOP 4F QVFEF BQMJDBS FO FTQFTPSFT EF DBQB EF IBTUB NN $MBTF 3 EF MB 6/& &/ .PSUFSP EF SFQBSBDJØO OP FTUSVDUVSBM EF SÈQJEP DVSBEP 3FTJTUFOUF B TVMGBUPT #BKB SFUSBDDJØO SFGPS[BEP DPO m CSBT QPS MP UBOUP DPO SFEVDJEB UFOEFODJB B MB m TVSBDJØO #VFOB BEIFSFODJB JODMVTP TJO QVFOUF EF VOJØO $POUJFOF JOIJCJEPSFT EF DPSSPTJØO #BKB QFSNFBCJMJEBE B DMPSVSPT $POTVNP _ LH EF QPMWP QPS DN EF FTQFTPS Z N TBDP SJOEF BQSPYJNBEBNFOUF MJUSPT EF NPSUFSP $PMPSFT 1PMWP HSJT

1SFTFOUBDJØO 4BDPT EF LH


4JLB .POPUPQ¥ 4 3FWFTUJNJFOUP EF BEIFSFODJB Z QSPUFDDJØO EF BSNBEVSBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

4F VUJMJ[B DPNP DBQB EF QSPUFDDJØO QSFWFOUJWB EF MBT BSNBEVSBT 1BSB MB QSPUFDDJØO EF MBT BSNBEVSBT GSFOUF B DPSSPTJØO FO MPT USBCBKPT EF SFQBSBDJØO EFM IPSNJHØO $PNP DBQB EF BEIFSFODJB TPCSF IPSNJHØO P NPSUFSP BOUFT EF MB BQMJDBDJØO EF MPT NPSUFSPT EF SFQBSBDJØO 4JLB .POPUPQ

&NQMFP TFODJMMP Z GÈDJM EF BQMJDBS &YDFMFOUF BEIFSFODJB TPCSF BDFSP Z IPSNJHØO *NQPSUBOUF FGFDUP EF CBSSFSB GSFOUF BM BHVB Z MPT DMPSVSPT *OTFOTJCMF B MB IVNFEBE #VFOBT QSPQJFEBEFT NFDÈOJDBT 4F QVFEF QSPZFDUBS QPS WÓB IÞNFEB 3FTJTUFOUF BM IJFMP Z MPT DMPSVSPT /P FT UØYJDP $POTVNP LH EF QPMWP QPS MJUSP EF NPSUFSP GSFTDP $PNP DBQB EF BEIFSFODJB LH N EF NPSUFSP TFDP TFHÞO OBUVSBMF[B EFM TPQPSUF LH N EF NPSUFSP GSFTDP NN B NN $PNP QSPUFDDJØO EF BSNBEVSBT "QSPY LH N EF NPSUFSP TFDP FO DBQBT EF NN EF FTQFTPS DBEB VOB $PMPSFT 1PMWP HSJT DMBSP

1SFTFOUBDJØO $VCPT EF LH

4JLB .POPUPQ¥ .PSUFSP EF SFQBSBDJØO B CBTF EF DFNFOUP SFTJOBT TJOUÏUJDBT IVNP EF TÓMJDF Z m CSBT EF QPMJQSPQJMFOP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FHFOFSBDJØO EF IPSNJHØO FO DBQB HSVFTB NÓO NN NÈY NN QPS DBQB JODMVTP FO TVQFSm DJFT WFSUJDBMFT Z UFDIPT 3FHVMBSJ[BDJØO EF TVQFSm DJFT EF NPSUFSP V IPSNJHØO QSFWJBNFOUF B MB BQMJDBDJØO EF VOB QJOUVSB 3FQBSBDJØO Z SFKVOUBEP EF FMFNFOUPT QSFGBCSJDBEPT EF IPSNJHØO

.PSUFSP NPOPDPNQPOFOUF MJTUP QBSB TV FNQMFP 4F BNBTB DPO BHVB GÈDJM EF BQMJDBS M EF BHVB QPS TBDP EF LH

#VFOB BEIFSFODJB BM IPSNJHØO "MUBT SFTJTUFODJBT NFDÈOJDBT $BMJEBE DPOTUBOUF $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT (SJT PTDVSP

1SFTFOUBDJØO #PUFT EF LH Z TBDPT EF LH


.PSUFSPT QSFQBSBEPT

4JLB .POPUPQ¥ .PSUFSP EF SFQBSBDJØO QBSB HSBOEFT FTQFTPSFT B CBTF EF DFNFOUP SFTJOBT TJOUÏUJDBT IVNP EF TÓMJDF Z m CSBT EF QPMJQSPQJMFOP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FHFOFSBDJØO EF IPSNJHØO FO DBQBT EF NN 3FHVMBSJ[BDJØO EF TVQFSm DJFT EF IPSNJHØO QSFWJBNFOUF B MB BQMJDBDJØO EF VOB QJOUVSB 3FQBSBDJØO EF FTUSVDUVSBT EF IPSNJHØO BSNBEP P QSFUFOTBEP EFUFSJPSBEBT QPS DPSSPTJØO V PUSBT DBVTBT

.PSUFSP QSFQBSBEP MJTUP QBSB TV FNQMFP DPO MB TJNQMF BEJDDJØO EF BHVB &MFWBEBT SFTJTUFODJBT NFDÈOJDBT "EIJFSF QFSGFDUBNFOUF TJO JNQSJNBDJØO TPCSF MB NBZPSÓB EF MPT NBUFSJBMFT EF DPOTUSVDDJØO IPSNJHØO QJFESB MBESJMMP FUD

1FSNJUF FTQFTPSFT EF IBTUB NN /P FT DPSSPTJWP OJ UØYJDP $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT (SJT PTDVSP

1SFTFOUBDJØO 4BDPT EF LH

4JLB .POPUPQ¥ .PSUFSP BVUPOJWFMBOUF NPOPDPNQPOFOUF QBSB SFQBSBDJPOFT EF FTUSVDUVSBT B CBTF EF DFNFOUP SFTJOBT TJOUÏUJDBT IVNP EF TÓMJDF Z m CSBT EF QPMJQSPQJMFOP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FQBSBDJØO EF FMFNFOUPT FTUSVDUVSBMFT IPSJ[POUBMFT QPS WFSUJEP EJSFDUP 3FQBSBDJØO EF FMFNFOUPT FTUSVDUVSBMFT WFSUJDBMFT QJMBSFT DPMVNOBT NVSPTy NFEJBOUF WFSUJEP DPO FODPGSBEP 3FDSFDJEP EF FMFNFOUPT FTUSVDUVSBMFT QBSB JODSFNFOUBS TV DBQBDJEBE QPSUBOUF 3FQBSBDJØO EF CBDIFT Z SFHFOFSBDJØO EF TPMFSBT EF IPSNJHØO "TJFOUP FO BQPZPT Z QVFOUFT

'ÈDJM DPMPDBDJØO FT BVUPOJWFMBOUF "MUBT SFTJTUFODJBT NFDÈOJDBT Z EFTBSSPMMP SÈQJEP EF MBT NJTNBT #VFOB BEIFSFODJB B MB NBZPSÓB EF MPT TPQPSUFT IPSNJHØO NPSUFSP QJFESB MBESJMMP FUD

/P BUBDB MBT BSNBEVSBT OJ B MPT FMFNFOUPT NFUÈMJDPT *NQFSNFBCMF BM BHVB #VFOB SFTJTUFODJB BM BHVB Z BM BDFJUF #VFOB SFTJTUFODJB B MB BCSBTJØO $POTVNP LH N Z NN FTQFTPS

$PMPSFT (SJT PTDVSP

1SFTFOUBDJØO 4BDPT EF LH


4JLB .POPUPQ¥ .PSUFSP DFNFOUPTP BVUPOJWFMBOUF NPOPDPNQPOFOUF QBSB SFQBSBDJØO EF FTUSVDUVSBT EF IPSNJHØO FO HSBOEFT FTQFTPSFT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FQBSBDJØO EF FMFNFOUPT FTUSVDUVSBMFT IPSJ[POUBMFT QPS WFSUJEP EJSFDUP 3FQBSBDJØO EF FMFNFOUPT FTUSVDUVSBMFT WFSUJDBMFT QJMBSFT DPMVNOBT NVSPT FUD NFEJBOUF WFSUJEP QPS FODPGSBEP 3FDSFDJEP EF FMFNFOUPT FTUSVDUVSBMFT QBSB JODSFNFOUBS TV DBQBDJEBE QPSUBOUF 3FQBSBDJØO EF CBDIFT Z SFHFOFSBDJØO EF TPMFSBT EF IPSNJHØO "TJFOUP FO BQPZPT Z QVFOUFT 4JLB .POPUPQ FT BEFDVBEP QBSB FTQFTPSFT EF FOUSF Z DN 1BSB FTQFTPSFT NFOPSFT TF SFDPNJFOEB VUJMJ[BS FM 4JLB .POPUPQ

'ÈDJM DPMPDBDJØO FT BVUPOJWFMBOUF "MUBT SFTJTUFODJBT NFDÈOJDBT Z EFTBSSPMMP SÈQJEP EF MBT NJTNBT #VFOB BEIFSFODJB B MB NBZPSÓB EF MPT TPQPSUFT IPSNJHØO NPSUFSP QJFESB MBESJMMP FUD

#VFOB SFTJTUFODJB B MB BCSBTJØO $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT (SJT PTDVSP

1SFTFOUBDJØO 4BDPT EF LH

4JLB¥ .JOJ1BDL .PSUFSP EF 3FQBSBDJØO .PSUFSP EF SFQBSBDJØO EF IPSNJHØO 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1BSB SFQBSBS Z SFHFOFSBS IPSNJHØO 1BSB SFQFSm MBEP Z SFHVMBSJ[BDJØO EF TVQFSm DJFT EF IPSNJHØO

'ÈDJM EF NBOFKBS $POUJFOF m CSBT TJOUÏUJDBT #VFOB FTUBCJMJEBE EJNFOTJPOBM 'ÈDJM BQMJDBDJØO "MUBT SFTJTUFODJBT NFDÈOJDBT 6OB CPMTB FRVJWBMF BQSPY B MJUSPT EF .PSUFSP $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT (SJT

1SFTFOUBDJØO #PMTB EF QMÈTUJDP EF LH Z LH


.PSUFSPT QSFQBSBEPT

4JLB¥ 3FQ $PTNFUJD .PSUFSP DPTNÏUJDP B CBTF EF DFNFOUP ÈSJEPT Z SFTJOBT TJOUÏUJDBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

4PCSF IPSNJHØO NPSUFSP P QJFESB DPNP NPSUFSP EF SFQBSBDJØO DPTNÏUJDB %FTQSFOEJNJFOUP EF MB MFDIBEB TVQFSm DJBM EVSBOUF FM EFTFODPGSBEP 1PSPTJEBE QFRVF×BT JSSFHVMBSJEBEFT P OJEPT EF HSBWB 3PUVSB EF BSJTUBT QFRVF×BT m TVSBT 1BSB PCUVSBDJØO EF QFRVF×BT KVOUBT TJO NPWJNJFOUP 3FMMFOP EF QFRVF×PT IVFDPT

#VFOB BEIFSFODJB TPCSF FM TPQPSUF $POTJTUFODJB BEBQUBCMF BM UJQP EF USBCBKP &OEVSFDJNJFOUP TJO m TVSBDJØO 3FTJTUFODJB BM BHVB Z B MB JOUFNQFSJF 'PSNB VOB TVQFSm DJF NVZ MJTB $POTVNP .ÓOJNP LH N QBSB NN EF FTQFTPS EF DBQB

$PMPSFT (SJT Z #MBODP

1SFTFOUBDJØO #MBODP 4BDPT EF LH (SJT 4BDPT EF LH

4JLB .POPUPQ¥ .PSUFSP EF SFHVMBSJ[BDJØO Z SFQBSBDJØO B CBTF EF DFNFOUP SFTJOBT TJOUÏUJDBT Z IVNP EF TÓMJDF 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

4FMMBEP EF QPSPT TPCSF TPQPSUFT EF IPSNJHØO P NPSUFSP 3FWFTUJNJFOUP FO DBQB EFMHBEB EF FMFNFOUPT FTUSVDUVSBMFT WFSUJDBMFT V IPSJ[POUBMFT 3FHVMBSJ[BDJØO EF TVQFSm DJFT EF IPSNJHØO 3FQBSBDJPOFT EF QFRVF×P FTQFTPS SFMMFOP EF DPRVFSBT OJEPT EF HSBWB FUD 5SBCBKPT EF SFQBSBDJØO EF BSJTUBT SFQFSm MBEP EF MBCJPT EF KVOUBT FUD

1SFQBSBEP TPMBNFOUF OFDFTJUB MB BEJDDJØO EF BHVB 1FSNJUF BKVTUBS MB DPOTJTUFODJB QBSB PCUFOFS MB USBCBKBCJMJEBE EFTFBEB &YDFMFOUF BEIFSFODJB BM TPQPSUF TJO JNQSJNBDJØO #BKB SFUSBDDJØO 1SPZFDUBCMF NFDÈOJDBNFOUF QPS WÓB IÞNFEB /P DPSSPTJWP OJ UØYJDP $POTVNP LH N QBSB NN EF FTQFTPS

$PMPSFT (SJT Z #MBODP

1SFTFOUBDJØO 4BDPT EF LH


4JLB .POPUPQ¥ 4 .PSUFSP EF SFQBSBDJØO EF BQMJDBDJØO NBOVBM Z QPS QSPZFDDJØO 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"EFDVBEP QBSB USBCBKPT EF SFQBSBDJØO EF IPSNJHØO 1SJODJQJP NÏUPEP EF &/ 3FQBSBDJØO EF EFTDPODIPOFT Z EFUFSJPSPT EFM IPSNJHØO FO FEJm DJPT QVFOUFT JOGSBFTUSVDUVSBT Z TVQFSFTUSVDUVSBT "EFDVBEP QBSB USBCBKPT EF SFGVFS[P FTUSVDUVSBM EFM IPSNJHØO 1SJODJQJP NÏUPEP EF &/ *ODSFNFOUP EF MB DBQBDJEBE QPSUBOUF EF MBT FTUSVDUVSBT EF IPSNJHØO NFEJBOUF MB BEJDJØO EF NPSUFSP

&YDFMFOUF USBCBKBCJMJEBE "EFDVBEP QBSB BQMJDBDJØO B NBOP Z QPS QSPZFDDJØO 4F QVFEF BQMJDBS FO FTQFTPSFT EF DBQB EF IBTUB NN $MBTF 3 EF &/ 1BSB SFQBSBDJPOFT FTUSVDUVSBMFT 3FTJTUFOUF B TVMGBUPT $PO CBKB SFUSBDDJØO SFGPS[BEP DPO m CSBT Z QPS UBOUP DPO SFEVDJEB UFOEFODJB B m TVSBDJØO #VFOB BEIFSFODJB JODMVTP TJO QVFOUF EF VOJØO $MBTJm DBDJØO BM GVFHP " $POTVNP %FQFOEF EF MB SVHPTJEBE EFM TPQPSUF Z FM FTQFTPS EF DBQB BQMJDBEB $PNP BQSPYJNBDJØO TF VUJMJ[BO _ LH EF QPMWP QPS DN EF FTQFTPS Z N TBDP SJOEF BQSPYJNBEBNFOUF MJUSPT EF NPSUFSP $PMPSFT 1PMWP HSJT

1SFTFOUBDJØO 4BDPT EF LH

4JLB 5PQ¥ 4FBM .PSUFSP JNQFSNFBCJMJ[BOUF MJTUP QBSB TV FNQMFP B CBTF EF DFNFOUP Z SFTJOBT TJOUÏUJDBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

*NQFSNFBCJMJ[BDJØO FO DBQB m OB EF EFQØTJUPT EF BHVB QPUBCMF QJTDJOBT DBOBMFT TØUBOPT USBTEØT EF NVSPT FOUFSSBEPT FUD 3FQBSBDJØO Z QSPUFDDJØO EF TVQFSm DJFT EF IPSNJHØO FYQVFTUBT B DJDMPT IJFMP o EFTIJFMP 1SPUFDDJØO EF FTUSVDUVSBT FO BNCJFOUFT NBSJOPT

1SFEPTJm DBEP $BMJEBE VOJGPSNF "QUP QBSB DPOUBDUP DPO BHVB QPUBCMF *NQFSNFBCJMJ[BDJØO FO DBQB m OB NN FRVJWBMFO B NN EF VO NPSUFSP IJESØGVHP -JHFSBNFOUF n FYJCMF 'SFOB MB DBSCPOBUBDJØO #VFOB SFTJTUFODJB B MB JOUFNQFSJF $POTVNP LH N NN EF FTQFTPS

$PMPSFT (SJT

1SFTFOUBDJØO -PUFT QSFEPTJm DBEPT EF LH


.PSUFSPT QSFQBSBEPT

4JLB 5PQ¥ &4 .PSUFSP EF JNQFSNFBCJMJ[BDJØO n FYJCMF B CBTF EF MJHBOUFT IJESÈVMJDPT Z EF SFTJOBT TJOUÏUJDBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1VFEF VUJMJ[BSTF QBSB SFBMJ[BS SFWFTUJNJFOUPT EF JNQFSNFBCJMJ[BDJØO Z QSPUFDDJØO EF TVQFSm DJFT FO MPT DVBMFT TF SFRVJFSB n FYJCJMJEBE DPO PCKFUP EF QVFOUFBS QFRVF×BT m TVSBT "MHVOPT EF MPT TJUJPT NÈT IBCJUVBMFT EPOEF TF QVFEF VUJMJ[BS TPO %FQØTJUPT QJTDJOBT DBOBMFT V PUSPT FMFNFOUPT EFTUJOBEPT B DPOUFOFS BHVB TFBO ÏTUPT FOUFSSBEPT P OP FOUFSSBEPT *NQFSNFBCJMJ[BDJØO JOUFSJPS EF TØUBOPT *NQFSNFBCJMJ[BDJØO FYUFSJPS EF NVSPT FOUFSSBEPT 3FQBSBDJØO Z QSPUFDDJØO EF TVQFSm DJFT FYQVFTUBT B MB BDDJØO EFM IJFMP Z EF MBT TBMFT EF EFTIJFMP QSFUJMFT EF QVFOUFT WPMBEJ[PT EF UFSSB[BT Z B[PUFBT DPSOJTBT FUD 1SPUFDDJØO EF FTUSVDUVSBT EF IPSNJHØO FO BNCJFOUFT NBSJOPT

.ØEVMP EF FMBTUJDJEBE CBKP DPO MP RVF TF DPOTJHVF VOB CVFOB n FYJCJMJEBE TF SFEVDF FM SJFTHP EF m TVSBDJØO Z TF NFKPSB MB DBQBDJEBE EF QVFOUFBS m TVSBT EF SFUSBDDJØO Z NJDSPm TVSBT *NQFSNFBCMF BM BHVB Z QFSNFBCMF BM WBQPS EF BHVB "HVBOUB UBOUP B QSFTJØO QPTJUJWB DPNP OFHBUJWB 1PTJUJWB IBTUB NFUSPT EF DPMVNOB EF BHVB .QB Z OFHBUJWB IBTUB NFUSPT EF DPMVNOB EF BHVB .QB

1SFEPTJm DBEP &YDFMFOUF BEIFSFODJB TPCSF TPQPSUFT TBOPT EF IPSNJHØO NPSUFSP QJFESB MBESJMMP FUD &MFWBEB SFTJTUFODJB BM IJFMP Z B MBT TBMFT EF EFTIJFMP 'SFOB MB QSPHSFTJØO EF MB DBSCPOBUBDJØO $POTVNP _ LH N Z NN EF FTQFTPS $PMPSFT $PNQ " -ÓRVJEP CMBODP $PNQ # 1PMWP (SJT 1SFTFOUBDJØO -PUFT QSFEPTJm DBEPT EF LH LH EF DPNQ " Z LH EF DPNQ #

4JLB¥ 4FBM " .PSUFSP PTNØUJDP EF JNQFSNFBCJMJ[BDJØO NPOPDPNQPOFOUF B CBTF EF DFNFOUP ÈSJEPT Z QSPEVDUPT TJOUÏUJDPT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1BSB JNQFSNFBCJMJ[BDJPOFT SÓHJEBT TPCSF TVQFSm DJFT EF IPSNJHØO QJFESB NPSUFSP MBESJMMP FUD " QSFTJØO OFHBUJWB FO MVHBSFT FOUFSSBEPT DPO IVNFEBEFT EF DBQJMBSJEBE P JOm MUSBDJPOFT EF BHVB DPO CBKB QSFTJØO GPTPT EF BTDFOTPSFT BQBSDBNJFOUPT FOUFSSBEPT TØUBOPT CPEFHBT NVSPT DPOUSB FM UFSSFOP " QSFTJØO QPTJUJWB NPEFSBEB QBSB JNQFSNFBCJMJ[BDJØO FMÈTUJDB TJO DPOUBDUP DPO BHVB QPUBCMF OJ VOB FTUÏUJDB QFSGFDUB DPNP QPS FKFNQMP NVSPT Z QBSFEFT EF FEJm DJPT NFEJBOFSBT EF FEJm DJPT KBSEJOFSBT Z BMKJCFT

3FTJTUFODJB B QSFTJØO PTNØUJDB QPS MB BTDFOTJØO DBQJMBS EF MB IVNFEBE EFM UFSSFOP "QMJDBCMF TPCSF TPQPSUFT IÞNFEPT *NQFSNFBCMF BM BHVB Z QFSNFBCMF BM WBQPS EF BHVB $POTVNP LH N NN EF FTQFTPS

$PMPSFT 1PMWP CMBODP

1SFTFOUBDJØO 4BDPT EF LH


4JLB¥ .POPUPQ 4FBM .PSUFSP JNQFSNFBCJMJ[BOUF TFNJn FYJCMF EF VO DPNQPOFOUF B CBTF EF DFNFOUP Z SFTJOBT TJOUÏUJDBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

*NQFSNFBCJMJ[BDJØO EF EFQØTJUPT EF BHVB QJTDJOBT DBOBMFT FUD *NQFSNFBCJMJ[BDJØO JOUFSJPS EF TØUBOPT *NQFSNFBCJMJ[BDJØO FYUFSJPS EF NVSPT FOUFSSBEPT 1SPUFDDJØO EF FTUSVDUVSBT EF IPSNJHØO FO BNCJFOUF NBSJOP

'ÈDJM NF[DMBEP Z BQMJDBDJØO *NQFSNFBCMF BM BHVB QFSNFBCMF BM WBQPS EF BHVB *NQFSNFBCJMJ[BDJØO FO DBQB m OB -JHFSBNFOUF n FYJCMF 'SFOB MB DBSCPOBUBDJØO #VFOB SFTJTUFODJB B MB JOUFNQFSJF $POTVNP LH N NN EF FTQFTPS

$PMPSFT (SJT

1SFTFOUBDJØO #PMTBT EF LH Z TBDPT EF LH

4JLB¥ .JOJ1BDL .PSUFSP *NQFSNFBCJMJ[BOUF .PSUFSP *NQFSNFBCJMJ[BOUF .PSUFSP JNQFSNFBCJMJ[BOUF EF VO DPNQPOFOUF B CBTF EF DFNFOUP EF GÈDJM VUJMJ[BDJØO 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

.F[DMB EF DFNFOUPT QBSB MB JNQFSNFBCJMJ[BDJØO EF TØUBOPT DJNFOUBDJPOFT Z NVSPT FOUFSSBEPT

%JSFDUBNFOUF BQMJDBCMF TPCSF MB NBZPSÓB EF MPT TPQPSUFT &YDFMFOUF BEIFSFODJB &OEVSFDJNJFOUP SÈQJEP 5JFNQP EF FTQFSB DPSUP QBSB FM SFQFSm MBEP #VFOB USBCBKBCJMJEBE $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT (SJT

1SFTFOUBDJØO #PMTB EF QMÈTUJDP EF Z LH


.PSUFSPT QSFQBSBEPT

4JLB 5PQ¥ 41 .JDSPNPSUFSP QSFEPTJm DBEP B CBTF EF DFNFOUP CMBODP Z SFTJOBT TJOUÏUJDBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1BSB VO BDBCBEP JNQFSNFBCMF FO *OUFSJPS EF QJTDJOBT UBORVFT EFQØTJUPT EFQVSBEPSBT .VSPT EF TØUBOPT HBSBKFT MPDBMFT FOUFSSBEPT %VDIBT MBWBEFSPT MBWBOEFSÓBT MPDBMFT IÞNFEPT FO HFOFSBM

3FQJOUBCMF *NQFSNFBCMF BM BHVB 1FSNFBCMF BM WBQPS EF BHVB 3FTJTUFOUF B MPT QSPEVDUPT QBSB FM BHVB FO QJTDJOBT $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT #MBODP

1SFTFOUBDJØO -PUF LH

4JLB.VS¥ .PSUFSP QPSØHFOP QBSB FMJNJOBDJØO EF IVNFEBEFT QPS BTDFOTJØO DBQJMBS FO QBSBNFOUPT FYUFSJPSFT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

5SBUBNJFOUP EF QBSBNFOUPT RVF QVFEBO WFSTF BGFDUBEPT QPS MB IVNFEBE EF BTDFOTJØO DBQJMBS &OGPTDBEPT RVF SFEV[DBO MB GPSNBDJØO EF Fn VPSFTDFODJBT 3FDVCSJS UPEBT BRVFMMBT TVQFSm DJFT RVF BCTPSCBO IVNFEBE 1VFEFO VTBSTF TPCSF MBESJMMPT BMCB×JMFSÓB EF QJFESB IPSNJHØO V PUSPT NBUFSJBMFT QPSPTPT 1VFEF VTBSTF FO &YUFSJPSFT Z FO JOUFSJPSFT EPOEF OP FYJTUB IBCJUVBMNFOUF QFSTPOBT

&YDFMFOUF BEIFSFODJB BM TPQPSUF 'BDJMJUB MB FWBQPSBDJØO EFM BHVB SFUFOJEB FO MB QBSFE $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT (SJT

1SFTFOUBDJØO 4BDPT EF LH


4JLB¥ 3FQ .PSUFSP EF SFHVMBSJ[BDJØO Z SFWFTUJNJFOUP B CBTF EF DBM DFNFOUP CMBODP ÈSJEP BEJUJWPT Z m CSBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FQBSBDJØO EF m TVSBT Z EFTDPODIPOFT FO GBDIBEBT QSFWJB B MB DPMPDBDJØO EFM SFWPDP &OGPTDBEP EF SFHVMBSJ[BDJØO QSFWJP B MB BQMJDBDJØO EF QJOUVSBT NJOFSBMFT DPO BDBCBEP FO DPMPS 4JLB$PMPS 8

3FWFTUJNJFOUP EFDPSBUJWP FO DPMPS CMBODP P FO BDBCBEP FO DPMPS FO GBDIBEBT JOUFSJPSFT NFEJBOFSÓBT P QBUJPT

&T JNQFSNFBCMF BM BHVB Z QFSNFBCMF BM WBQPS EF BHVB "ENJUF FO TV UFSNJOBDJØO QJOUVSBT NJOFSBMFT 1VFEF TFS BQMJDBEP QPS NFEJPT NFDÈOJDPT QSPZFDDJØO P NBOVBMNFOUF 4JO m TVSBDJØO QPS TV DPNQPTJDJØO DPO DBM Z m CSBT #VFOB BEIFSFODJB TPCSF MB NBZPSÓB EF MPT TPQPSUFT USBEJDJPOBMFT $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT #MBODP

1SFTFOUBDJØO 4BDPT EF LH

4JLB¥ -FWFM .PSUFSP EF OJWFMBDJØO EF FOEVSFDJNJFOUP SÈQJEP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FHVMBSJ[BDJØO Z OJWFMBDJØO EF TVQFSm DJFT IPSJ[POUBMFT 'PSNBDJØO EFM QMBOP EF BQPZP QBSB SFWFTUJNJFOUPT EF TVFMPT DPO CBMEPTB DFSÈNJDB QPSDFMBOBUP NÈSNPM V PUSBT QJFESBT OBUVSBMFT NPRVFUB QBSRVÏ FUD &T DPNQBUJCMF DPO MBT DPMBT Z BEIFTJWPT FNQMFBEPT FO MB m KBDJØO EF FTUPT UJQPT EF TVFMPT

1FSNJUF MB BQMJDBDJØO EF BEIFTJWPT B MBT IPSBT (+20 °C) 3ÈQJEB BQMJDBDJØO HSBDJBT B TV HSBO n VJEF[ Z DPIFTJØO 'ÈDJM EF DPMPDBS QPS WFSUJEP P CPNCFP $BQBDJEBE EF DPNQFOTBS EFTOJWFMFT EF IBTUB NN $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT (SJT

1SFTFOUBDJØO 4BDPT EF LH


.PSUFSPT QSFQBSBEPT

4JLBยฅ -FWFM &YUSB .PSUFSP BVUPOJWFMBOUF EF BMUBT QSFTUBDJPOFT QBSB TFS SFDVCJFSUP Z BQMJDBCMF FO FTQFTPSFT EF NN P EF NN DPO ร SJEP Bร BEJEP 6TPT ยฅ

4JLB -FWFM &YUSB QVFEF TFS BQMJDBEP NBOVBMNFOUF P CPNCFBEP QBSB OJWFMBS TVFMPT DPO VO FTQFTPS FOUSF NN BOUFT EF BM BQMJDBDJร O EFM SFWFTUJNJFOUP DPO CBMEPTB DFSร NJDB QJFESB MJOร MFP MBNJOBT EF 17$ QBWJNFOUPT EF NBEFSB NPRVFUB FUD ย "QUP QBSB TJMMBT DPO SVFEBT FO FM TVFMP EF BDBCBEP TVQFSJPS

ย "QUP QBSB VTBS DPO TJTUFNBT EF DBMFGBDDJร O SBEJBOUF 4JLBยฅ -FWFM &YUSB FT DPNQBUJCMF DPO MPT BEIFTJWPT 4JLB VTBEPT FO MB m KBDJร O EF FTUF UJQP EF TVFMPT

$BSBDUFSร TUJDBT Z 7FOUBKBT ย 3ร QJEB BQMJDBDJร O HSBDJBT B TV CVFOB n VJEF[ Z DPIFTJร O EFM QSPEVDUP GSFTDP ย 4VQFSm DJF NVZ MJTB Z MJCSF EF QPSPT ย 'ร DJM EF BQMJDBS NBOVBMNFOUF P NFEJBOUF CPNCFP ย $BQB[ EF OJWFMBS TVQFSm DJFT EF B NN B NN DPO ร SJEP Bร B EJEP

ย #BKB SFUSBDDJร O .VZ BMUB BEIFSFODJB Z SFTJTUFODJBT NFDร OJDBT ย .BOUJFOF CVFOB USBCBKBCJMJEBE Z VOJร O EF KVOUB EVSBOUF TV WJEB EF NF[DMB ย 3ร QJEB DPMPDBDJร O Z TFDBEP ย 5SBOTJUBCMF B MBT IPSBT ยก$

ย -JCSF EF $BTFร OB Z 'PSNBMEFIร EP ย .VZ CBKBT FNJTJPOFT o &$ $POTVNP _ ย LH Nยค NN $PMPSFT 1PMWP HSJT DMBSP

1SFTFOUBDJร O 4BDPT EF LH

4JLBn PPSยฅ -FWFM "VUPOJWFMBOUF DFNFOUPTP QBSB SFWFTUJNJFOUPT JOEVTUSJBMFT FO FYUFSJPS QBSB FTQFTPSFT EF NN 6TPT

$BSBDUFSร TUJDBT Z 7FOUBKBT

4JLBn PPSยฅ -FWFM TF QVFEF BQMJDBS NBOVBMNFOUF P NFEJBOUF CPNCFP QBSB OJWFMBS QBWJNFOUPT FOUSF NN ย "QUP QBSB BQMJDBDJPOFT JOEVTUSJBMFT FO JOUFSJPSFT Z FYUFSJPSFT ย 1SPQPSDJPOB VOB OVFWB DBQB EF SPEBEVSB FO TVQFSm DJFT EF IPSNJHร O EFTHBTUBEP TPNFUJEP B MB JOUFNQFSJF ย "EFDVBEP QBSB USBCBKPT EF SFQBSBDJร O 1SJODJQJP Nร UPEP TFHร O MB OPSNB &/

ย "EFDVBEP QBSB QSFTFSWBS P SFTUBVSBS MB QBTJWJEBE 1SJODJQJP Nร UPEP Z TFHร O MB OPSNB &/

ย "VUPOJWFMBOUF Z CVFO EFTBJSFBEP ย 3ร QJEB BQMJDBDJร O EFCJEP B MB CVFOB n VJEF[ Z DPIFTJร O EFM QSPEVDUP GSFTDP ย $MBTF 3 TFHร O &/ ย 'ร DJM EF BQMJDBS NFEJBOUF BQMJDBDJร O NBOVBM P DPO Nร RVJOB ย "QUP QBSB OJWFMBS TVQFSm DJFT EFTEF B NN ย #BKB SFUSBDDJร O #VFOB BEIFSFODJB Z DPNQBDJEBE ย .BOUJFOF CVFOB USBCBKBCJMJEBE Z CPSEF Iร NFEP B MP MBSHP EFM WJEB EF NF[DMB ย 5SBOTJUBCMF FO IPSBT ยก$

ย #VFOB EVSF[B Z BQBSJFODJB TVQFSm DJBM ย -JCSF EF $BTFร OB Z 'PSNBMEFIร EP $POTVNP _ ย LH N NN $PMPSFT 1PMWP HSJT TUBOEBSE

1SFTFOUBDJร O 4BDPT EF LH


4JLB¥ B .PSUFSP 3ÈQJEP .PSUFSP NPOPDPNQPOFOUF EF GSBHVBEP SÈQJEP B CBTF EF DFNFOUP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

'JKBDJPOFT SÈQJEBT EF NBSDPT QFSOPT QBUJMMBT EF BODMBKF FUD 5BQPOBNJFOUP EF WÓBT EF BHVB

.PSUFSP NPOPDPNQPOFOUF QBSB m KBDJPOFT SÈQJEBT P DPSUF EF m MUSBDJPOFT Z WÓBT EF BHVB 'SBHVBEP SÈQJEP &YFOUP EF DMPSVSPT *NQFSNFBCMF $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT (SJT

1SFTFOUBDJØO #PMTB EF LH Z TBDPT EF LH

4JLB¥ .JOJ1BDL .PSUFSP 3ÈQJEP QBSB 'JKBDJPOFT .PSUFSP EF GSBHVBEP SÈQJEP .PSUFSP B CBTF EF DFNFOUP QBSB m KBDJPOFT Z SFQBSBDJPOFT SÈQJEBT GÈDJM EF VTBS EF VO DPNQPOFOUF 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1BSB m KBDJPOFT Z SFQBSBDJPOFT SÈQJEBT

1BSB m KBDJPOFT EF SFTUBVSBDJØO EF IPSNJHØO 5SBCBKP EF SFQBSBDJØO EF IPSNJHØO FO QPDP UJFNQP 3FTJTUFOUF B DJDMPT IJFMP EFTIJFMP TBMFT EF EFTIJFMP Z B DMPSVSPT 3ÈQJEP FOEVSFDJNJFOUP JODMVTP B CBKBT UFNQFSBUVSBT .FOPT QBTPT EF USBCBKP #VFO DPNQPSUBNJFOUP OP EFTDVFMHB JODMVTP FO UFDIPT $POTVNP 4FHÞO BQMJDBDJPOFT

$PMPSFT (SJT

1SFTFOUBDJØO #PMTB EF QMÈTUJDP EF Z LH


.PSUFSPT QSFQBSBEPT

4JLB¥ 'BTU'JY 51 .PSUFSP QBSB m KBDJPOFT Z BQPZPT EF FOEVSFDJNJFOUP SÈQJEP QBSB USBCBKPT EF NBOUFOJNJFOUP FO DBMMFT Z DBSSFUFSBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"QPZPT Z m KBDJPOFT FO HFOFSBM "QPZPT Z m KBDJPOFT EF NBSDPT EF CPDBT EF BMDBOUBSJMMBEP 'JKBDJPOFT EF DBKB EF UFMFDPNVOJDBDJPOFT 'JKBDJPOFT EF NPCJMJBSJP VSCBOP 3FQBSBDJØO EF KVOUBT EF DBSSFUFSBT

3ÈQJEP GSBHVBEP Z FOEVSFDJNJFOUP _ IPSBT B °$

"QMJDBCMF FOUSF °$ Z °$ -JTUP QBSB VUJMJ[BS TØMP B×BEJS BHVB

#VFOB BEIFSFODJB B IPSNJHØO QJFESB Z BTGBMUPT #VFOB SFTJTUFODJB B DJDMPT IJFMP EFTIJFMP Z TBMFT EF EFTIJFMP 7BSJBDJØO EJNFOTJPOBM CBKB SFUSBDDJØO FYQBOTJØO

$POTJTUFODJB BKVTUBCMF $POTVNP TBDP _ M EF NPSUFSP

$PMPSFT /FHSP HSJT PTDVSP EFTQVÏT EF MB NF[DMB DPO FM BHVB FM DPMPS PTDVSP TF BKVTUB CJFO DPO FM BTGBMUP EF MB DBSSFUFSB 1SFTFOUBDJØO #PMTB EF LH Z TBDP EF LH

4JLB¥ 'BTU'JY 51 .PSUFSP QBSB m KBDJPOFT Z SFQBSBDJPOFT EF FOEVSFDJNJFOUP SÈQJEP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"QMJDBDJPOFT UÓQJDBT 'JKBDJØO BQPZP EF NBSDPT EF BSRVFUBT 'JKBDJØO EF MVDFT FO QJTUBT EF BFSPQVFSUPT 3FQBSBDJØO EF DBSSFUFSBT EF IPSNJHØO *OTUBMBDJØO EF DBKBT EF UFMFDPNVOJDBDJPOFT 'JKBDJØO EF NPCJMJBSJP VSCBOP 3FQBSBDJØO EF TVFMPT EF IPSNJHØO

$POTJTUFODJB BKVTUBCMF 'BDJMJEBE EF BQMJDBDJØO 'SBHVBEP Z FOEVSFDJNJFOUP SÈQJEP QBSB VOB JONFEJBUB BQFSUVSB BM USÈm DP FO IPSBT B ¡$

&YDFMFOUF BERVJTJDJØO EF SFTJTUFODJBT B CBKBT UFNQFSBUVSBT #VFOB BEIFSFODJB B IPSNJHØO Z BTGBMUP 4F QVFEF BQMJDBS B×BEJFOEP ÈSJEPT QBSB USBCBKPT EF HSBO WPMVNFO /P DPOUJFOF DMPSVSPT V PUSPT BEJUJWPT QSPNPUPSFT EF DPSSPTJØO 4F QVFEF VTBS TFNJTFDP QBSB BQPZPT Z SFQBSBDJPOFT Z NÈT n VJEP QBSB m KBDJPOFT Z SFMMFOPT $POTVNP LH N Z NN EF FTQFTPS LH FRVJWBMFO B M EF NPSUFSP $PMPSFT 1PMWP HSJT

1SFTFOUBDJØO 4BDP EF LH


"EIFTJWPT $FNFOUPTPT 4JLB¥ $FSBN *OUFSJPSFT QÈ H 4JLB¥ $FSBN $BQB (SVFTB QÈ H 4JLB¥ $FSBN 1PSDFMÈOJDP QÈ H 4JLB¥ $FSBN 'MFYJCMF QÈ H 4JLB¥ $FSBN 'MFY 4VFMPT QÈ H 4JLB¥ $FSBN QÈH 4JLB¥ .JOJQBDL 1FHBEP EF #BMEPTBT QÈ H

1FHBEP Z SFKVOUBEP EF DFSÈNJDB

4JLB FO UPEPT MPT QSPZFDUPT JNQPSUBOUFT

1BTUB "DSÓMJDB 4JLB¥ $FSBN

QÈH

"EIFTJWPT 3FBDUJWPT 4JLBÂ¥ $FSBN

QÈH


4JLB¥ $FSBN *OUFSJPSFT "EIFTJWP DFNFOUPTP QBSB MB DPMPDBDJØO EF QJF[BT DFSÈNJDBT FO DBQB m OB $MBTF $ 5 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1FHBEP EF MPT TJHVJFOUFT UJQPT EF CBMEPTBT „ 1JF[BT EF DFSÈNJDB EF QBTUB SPKB Z CMBODB „ (SFT FYUSVTJPOBEP „ (SFT NPOPDPDDJØO „ .PTBJDPT „ &O HFOFSBM UPEP UJQP EF QJF[BT TBMWP MBT EF NVZ CBKB BCTPSDJØO DPNP FM HSFT QPSDFMÈOJDP

„ 5JYPUSØQJDP o $MBTF 5 „ &YDFMFOUF BEIFSFODJB B MB NBZPSÓB EF MPT TPQPSUFT QPSPTPT IPSNJHØO NPSUFSPT DFNFOUPTPT QJFESB MBESJMMPy

„ 'ÈDJM EF VTBS DPO FYDFMFOUF USBCBKBCJMJEBE Z DPOTJTUFODJB UJYPUSØQJDB „ #VFOB n FYJCJMJEBE DPNQBSBEP DPO VO NPSUFSP DFNFOUPTP USBEJDJPOBM QBSB FM QFHBEP EF CBMEPTBT

1VFEF VTBSTF FO MPT TJHVJFOUFT DBTPT „ 1BSFEFT Z QBWJNFOUPT FO JOUFSJPSFT „ 1BWJNFOUPT FO FYUFSJPS „ 1BSFEFT Z QBWJNFOUPT FO DPOUBDUP QFSNBOFOUF DPO BHVB DPNP QJTDJOBT P EFQØTJUPT EF BHVB

$POTVNP o .PTBJDP Z QJF[BT QFRVF×BT _ LH N o 1JF[BT EF UBNB×P OPSNBM _ LH N¤ o 1JF[BT HSBOEFT TVFMP FYUFSJPS _ LH N¤

$PMPSFT 1PMWP HSJT Z CMBODP

1SFTFOUBDJØO 4BDP EF LH

4JLB¥ $FSBN $BQB (SVFTB "EIFTJWP DFNFOUPTP QBSB MB DPMPDBDJØO EF QJF[BT DFSÈNJDBT FO DBQB HSVFTB $MBTF $ 5 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1FHBEP EF MPT TJHVJFOUFT UJQPT EF CBMEPTBT „ 1JF[BT EF DFSÈNJDB EF QBTUB SPKB Z CMBODB „ (SFT FYUSVTJPOBEP „ (SFT NPOPDPDDJØO „ .PTBJDPT „ &O HFOFSBM UPEP UJQP EF QJF[BT TBMWP MBT EF NVZ CBKB BCTPSDJØO DPNP FM HSFT QPSDFMÈOJDP

„ 5JYPUSØQJDP o $MBTF 5 „ &YDFMFOUF BEIFSFODJB B MB NBZPSÓB EF MPT TPQPSUFT IPSNJHØO NPSUFSPT DFNFOUPTPT QJFESB MBESJMMPy

„ 'ÈDJM EF VTBS DPO FYDFMFOUF USBCBKBCJMJEBE Z DPOTJTUFODJB UJYPUSPQJDB „ &TQFTPS EF DBQB IBTUB NN

$POTVNP 4F VTB TPCSF MPT TJHVJFOUFT TPQPSUFT $PNP PSJFOUBDJØO LH N NN „ )PSNJHØO Z NPSUFSP TJO CVFOB QMBOFJEBE „ -BESJMMPT „ -B NBZPSÓB EF MPT TPQPSUFT IBCJUVBMFT EF DPOTUSVDDJØO 4F QVFEF VTBS FO MPT TJHVJFOUFT DBTPT „ 1BSFEFT Z TVFMPT FO JOUFSJPSFT „ 4VFMPT FYUFSJPSFT $PMPSFT 1PMWP HSJT Z CMBODP

1SFTFOUBDJØO 4BDP EF LH


1FHBEP Z SFKVOUBEP EF DFSÈNJDB

4JLB¥ $FSBN 1PSDFMÈOJDP "EIFTJWP DFNFOUPTP EF BMUBT QSFTUBDJPOFT QBSB MB DPMPDBDJØO EF HSFT QPSDFMÈOJDP Z QJF[BT EF CBKB BCTPSDJØO NFEJBOUF QFHBEP DPOUJOVP FO DBQB m OB $MBTF $ 5 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1FHBEP EF MPT TJHVJFOUFT UJQPT EF CBMEPTBT (SFT QPSDFMÈOJDP 1JF[BT EF CBKB BCTPSDJØO 4F VTB TPCSF MPT TJHVJFOUFT TPQPSUFT .PSUFSP V IPSNJHØO TJFNQSF RVF UFOHBO CVFOB QMBOFJEBE -BESJMMP DPO MBT DPOTJEFSBDJPOFT BOUFSJPSFT 1VFEF VTBSTF FO MPT TJHVJFOUFT DBTPT 1BSFEFT Z QBWJNFOUPT FO JOUFSJPSFT 1BWJNFOUPT FYUFSJPSFT

5JYPUSØQJDP o $MBTF 5 &YDFMFOUF BEIFSFODJB B MB NBZPSÓB EF MPT TPQPSUFT IPSNJHØO NPSUFSPT DFNFOUPTPT QJFESB MBESJMMPy

'ÈDJM EF VUJMJ[BS DPO FYDFMFOUF USBCBKBCJMJEBE Z DPOTJTUFODJB UJYPUSØQJDB #VFOB n FYJCJMJEBE DPNQBSBEP DPO VO NPSUFSP DFNFOUPTP USBEJDJPOBM QBSB FM QFHBEP EF CBMEPTBT $POTVNP o .PTBJDP Z QJF[BT QFRVF×BT _ o LH N o 1JF[BT EF UBNB×P OPSNBM _ o LH N o 1JF[BT HSBOEFT TVFMP FYUFSJPS _ o LH N

$PMPSFT 1PMWP HSJT Z CMBODP

1SFTFOUBDJØO 4BDP EF LH

4JLB¥ $FSBN 'MFYJCMF "EIFTJWP DFNFOUPTP NFKPSBEP QBSB MB DPMPDBDJØO EF QJF[BT DFSÈNJDBT FO DBQB m OB $MBTF $ 5& 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1FHBEP EF MPT TJHVJFOUFT UJQPT EF CBMEPTBT 1JF[BT EF DFSÈNJDB EF QBTUB SPKB P CMBODB (SFT FYUSVTJPOBEP P NPOPDPDDJPO (SFT QPSDFMÈOJDP &O HFOFSBM UPEP UJQP EF CBMEPTBT EF CBKB BCTPSDJØO 1VFEF TFS VTBEP FO MPT TJHVJFOUFT TPQPSUFT )PSNJHØO Z NPSUFSP MBESJMMP ZFTP DPO JNQSJNBDJØO

1MBDBT EF ZFTP 'JCSP $FNFOUP 1BWJNFOUPT DPO CBMEPTBT BOUJHVBT 4VFMPT OJWFMBEPT DPO NPSUFSPT DPO DPOUFOJEP FO BOIJESJUB DPO MB JNQSJNBDJØO DPSSFTQPOEJFOUF

4VFMPT EF DBMFGBDDJØO SBEJBOUF &O HFOFSBM UPEPT MPT TPQPSUFT RVF QVFEBO TVGSJS NPWJNJFOUPT EF SFUSBDDJØO P FYQBOTJØO UÏSNJDB 4F QVFEF VTBS FO QBSFEFT Z TVFMPT FO JOUFSJPS Z FYUFSJPS

&GFDUP UJYPUSØQJDP o $MBTF 5 5JFNQP BCJFSUP QSPMPOHBEP o $MBTF & "MUB n FYJCJMJEBE QPS MP RVF FT BEFDVBEP FM VTP EF 4JLB¥ $FSBN 'MFYJCMF FO GBDIBEBT &YDFMFOUF BEIFSFODJB B MB NBZPSÓB EF MPT TPQPSUFT IPSNJHØO NPSUFSP DFNFOUPTP QJFESB MBESJMMP FUD

&YDFMFOUF BEIFSFODJB TPCSF ZFTP BOIJESJUB DVBOEP TF JNQSJNB DPO 4JLB¥ $FSBN 8 1SJNFS 'ÈDJM EF VUJMJ[BS DPO FYDFMFOUF USBCBKBCJMJEBE Z DPOTJTUFODJB UJYPUSØQJDB $POTVNP o .PTBJDP Z QJF[BT QFRVF×BT _ o LH N o 1JF[BT EF UBNB×P OPSNBM _ o LH N o 1JF[BT HSBOEFT TVFMP FYUFSJPS _ o LH N

$PMPSFT 1PMWP HSJT Z CMBODP

1SFTFOUBDJØO 4BDP EF LH


4JLB¥ $FSBN 'MFY 4VFMPT "EIFTJWP DFNFOUPTP NFKPSBEP n VJEP QBSB MB DPMPDBDJØO EF CBMEPTBT DFSÈNJDBT FO DBQB m OB $MBTF $ & 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1FHBEP EF MPT TJHVJFOUFT UJQPT EF CBMEPTBT 1JF[BT EF DFSÈNJDB EF QBTUB SPKB P CMBODB (SFT FYUSVTJPOBEP P NPOPDPDDJPO (SFT QPSDFMBOJDP &O HFOFSBM UPEP UJQP EF CBMEPTBT EF CBKB BCTPSDJØO 1VFEF VTBSTF FO MPT TJHVJFOUFT TPQPSUFT )PSNJHØO Z NPSUFSP 4VFMPT DPO DPOUFOJEP FO "OIJESJUB DPO MB JNQSJNBDJØO DPSSFTQPOEJFOUF

4VFMPT EF DBMFGBDDJØO SBEJBOUF &O HFOFSBM UPEPT MPT TPQPSUFT RVF QVFEBO TVGSJS NPWJNJFOUPT EF SFUSBDDJØO P FYQBOTJØO UÏSNJDB &O HFOFSBM TPQPSUFT EF CBKB BCTPSDJØO FO MPT RVF OP TF EFTFB VTBS JNQSJNBDJØO 4F QVFEF VTBS FO TVFMPT FO JOUFSJPS Z FYUFSJPS

5JFNQP BCJFSUP QSPMPOHBEP o $MBTF & "MUB n FYJCJMJEBE &YDFMFOUF BEIFTJØO B MB NBZPSÓB EF MPT TPQPSUFT IPSNJHØO NPSUFSP DFNFOUPTP QJFESB SFDVCSJNJFOUPT FYJTUFOUFT

&YDFMFOUF BEIFTJØO B MB BOIJESJUB DVBOEP FT JNQSJNBEB DPO 4JLB¥ $FSBN 8 1SJNFS 'ÈDJM EF VTBS DPO FYDFMFOUF USBCBKBCJMJEBE $POTVNP o 1JF[BT EF UBNB×P OPSNBM _ o LH N o 1JF[BT HSBOEFT _ o LH N

$PMPSFT 1PMWP HSJT

1SFTFOUBDJØO 4BDP EF LH

4JLB¥ $FSBN "EIFTJWP DFNFOUPTP JNQFSNFBCMF QBSB MB DPMPDBDJØO EF QJF[BT DFSÈNJDBT RVF WBZBO B FTUBS FO DPOUBDUP DPO BHVB EF NBOFSB QSPMPOHBEB $MBTF $ 5& 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

.PSUFSP DPO HSBO QPEFS JNQFSNFBCJMJ[BOUF QBSB DPMPDBDJØO Z SFKVOUBEP EF QMBRVFUBT Z CBMEPTBT FO QJTDJOBT EFQØTJUPT Z UPEBT BRVFMMBT TVQFSm DJFT FO DPOUBDUP QFSNBOFOUF DPO BHVB

4FHVSJEBE EF FNQMFP QSPEVDUP QSFEPTJm DBEP EF EPT DPNQPOFOUFT 4FODJMMF[ EF QSFQBSBDJØO Z EF VUJMJ[BDJØO 'BDJMJEBE EF DPMPDBDJØO HSBDJBT B TV FYDFMFOUF NBOFKBCJMJEBE Z TV DPOTJTUFODJB UJYPUSØQJDB &YDFMFOUF BEIFSFODJB B MB NBZPSÓB EF MPT TPQPSUFT IPSNJHØO NPSUFSP MBESJMMP FUD

*NQFSNFBCJMJEBE BM BHVB 3FTJTUFODJB B MPT DJDMPT IJFMP EFTIJFMP Z B MBT TBMFT EFM EFTIJFMP $POTVNP 1FHBEP TJNQMF LH N Z NN FTQFTPS 1FHBEP EPCMF LH N Z NN FTQFTPS $PMPSFT #MBODP DSFNB

1SFTFOUBDJØO -PUFT EF LH


1FHBEP Z SFKVOUBEP EF DFSÈNJDB

4JLB¥ .JOJQBDL 1FHBEP EF #BMEPTBT "EIFTJWP DFNFOUPTP n FYJCMF DPO BMUBT SFTJTUFODJBT QBSB MB DPMPDBDJØO EF QJF[BT DFSÈNJDBT Z BQMJDBDJØO FO DBQB m OB $MBTF $ 5 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1BSB QFHBEP EF MPT TJHVJFOUFT UJQPT EF QJF[BT 1JF[BT DFSÈNJDBT QJFESB OBUVSBM P BSUJm DJBM &O HFOFSBM UPEBT MBT CBMEPTBT UBOUP EF BMUB DPNP CBKB BCTPSDJØO 1VFEF TFS VTBEP FO MPT TJHVJFOUFT TPQPSUFT )PSNJHØO Z NPSUFSP -BESJMMP "OUJHVBT CBMEPTBT QBWJNFOUPT Z QBSFEFT

4PCSF TVFMPT EF DBMFGBDDJØO SBEJBOUF 1BSFEFT JOUFSJPSFT QJOUBEBT 4JFNQSF RVF MB QJOUVSB FTUÏ QFSGFDUBNFOUF BEIFSJEB BM TPQPSUF Z TBOB

.BSDBEP $& EFM UJQP $ 5 &GFDUP UJYPUSØQJDP o $MBTF 5 &YDFMFOUF BEIFSFODJB TPCSF MB NBZPSÓB EF MPT TPQPSUFT IPSNJHØO NPSUFSP QJFESB MBESJMMP FUD

&YDFMFOUF BEIFSFODJB TPCSF BOUJHVBT CBMEPTBT 'ÈDJM EF VTBS FYDFMFOUF USBCBKBCJMJEBE Z DPOTJTUFODJB UJYPUSØQJDB $POTVNP (SFTJUF Z QJF[BT QFRVF×BT _ LH N 1JF[BT EF UBNB×P FTUÈOEBS Y _ LH N 1JF[BT HSBOEFT Z QBWJNFOUPT FYUFSJPSFT _ LH N

$PMPSFT 1PMWP HSJT Z CMBODP

1SFTFOUBDJØO #PMTBT EF QMÈTUJDP EF LH Z LH

4JLB¥ $FSBN 1BTUB BEIFTJWB QBSB MB DPMPDBDJØO EF QJF[BT DFSÈNJDBT FO JOUFSJPSFT NFEJBOUF QFHBEP DPOUJOVP FO DBQB m OB $MBTF % 5 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

&T VO BEIFTJWP JEØOFP QBSB FM QFHBEP EF CBMEPTBT 4FNJn FYJCMF TPCSF TPQPSUFT WFSUJDBMFT EF NPSUFSP IPSNJHØO QMBDBT 'BDJMJEBE EF DPMPDBDJØO HSBDJBT B TV FYDFMFOUF EF DBSUØO ZFTP ZFTP QBOFMFT EF NBEFSB BMJDBUBEPT NBOFKBCJMJEBE Z TV BMUB UJYPUSPQÓB BOUJHVPT FUD FO JOUFSJPSFT -JTUP QBSB TV FNQMFP QPS MP RVF OP QSFDJTB NF[DMBSTF DPO BHVB #VFOB BEIFSFODJB B MB NBZPSÓB EF MPT TPQPSUFT /P OFDFTJUB JNQSJNBDJØO FO MB DPMPDBDJØO EF QJF[BT DFSÈNJDBT TPCSF ZFTP $POTVNP .PTBJDP Z QJF[BT QFRVF×BT _ LH N 1JF[BT FO UBNB×P OPSNBM _ LH N

$PMPSFT $SFNB

1SFTFOUBDJØO #PUFT EF LH


4JLB¥ $FSBN "EIFTJWP SFBDUJWP B CBTF EF SFTJOBT FQPYJ QBSB MB DPMPDBDJØO EF QJF[BT DFSÈNJDBT FO DBQB m OB $MBTF 3 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

„ "EIFTJWP JEØOFP QBSB FM QFHBEP EF QJF[BT DFSÈNJDBT QJFESB OBUVSBM QMBDBT NFUÈMJDBT FUD TPCSF TPQPSUFT USBEJDJPOBMFT IPSNJHØO NPSUFSP MBESJMMPT Z TPCSF TPQPSUFT OP BCTPSCFOUFT UBMFT DPNP DIBQBT EF 17$ BDFSP FUD UBOUP FO QBSBNFOUPT WFSUJDBMFT DPNP IPSJ[POUBMFT UBOUP FO JOUFSJPSFT DPNP FO FYUFSJPSFT FO DBQB m OB

„ 4FODJMMF[ EF QSFQBSBDJØO Z EF VUJMJ[BDJØO „ 'BDJMJEBE EF DPMPDBDJØO HSBDJBT B TV FYDFMFOUF USBCBKBCJMJEBE „ 3ÈQJEP FOEVSFDJNJFOUP TJO SFUSBDDJØO „ &YDFMFOUF BEIFSFODJB B MB NBZPSÓB EF MPT TPQPSUFT „ *NQFSNFBCMF B MPT MÓRVJEPT Z BM WBQPS EF BHVB $POTVNP .PTBJDP Z QJF[BT QFRVF×BT _ LH N 1JF[BT FO UBNB×P OPSNBM _ LH N 1JF[BT HSBOEFT _ LH N

$PMPSFT (SJT

1SFTFOUBDJØO -PUFT QSFEPTJm DBEPT EF LH


&YQVNBT FYQBOTJWBT 4JLB #PPN¥ QÈ 4JLB #PPN¥ 4 QÈ 4JLB #PPN¥ 5 QÈ 4JLB #PPN¥ ( QÈ 4JLB #PPN¥ (4 QÈ

H H H H H

"ODMBKFT Z 3FMMFOPT 4JLB¥ (SPVU 4JLB¥ (SPVU 4JLB¥ (SPVU 4JLB "ODIPS'JY¥ QÈ 4JLB "ODIPS'JY¥ QÈ 4JLB "ODIPS'JY¥ QÈ 4JLBEVS¥ "ODMBKFT 4JLBDSFUF¥ 4$$

3FMMFOPT Z "ODMBKFT

4JLB FO UPEPT MPT QSPZFDUPT JNQPSUBOUFT

QÈH QÈH QÈH H H H QÈH QÈH


4JLB #PPN¥ &TQVNB EF QPMJVSFUBOP NPOPDPNQPOFOUF Z EF BMUB FYQBOTJØO NVMUJQPTJDJØO Z SFVUJMJ[BCMF 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT ¥

4JLB #PPN TF VTB DPNP FTQVNB EF m KBDJØO SFMMFOP Z EF BJTMBNJFOUP GSFOUF B SVJEPT GSÓP Z DPSSJFOUFT EF BJSF $PNP SFMMFOP Z BJTMBOUF FO KVOUBT BMSFEFEPS EF NBSDPT EF WFOUBOBT Z QVFSUBT QBTBUVCPT IVFDPT QBSB TJTUFNBT EF BJSF BDPOEJDJPOBEP UBNCPSFT EF QFSTJBOBT

&TQVNB .VMUJQPTJDJØO 1VFEF TFS BQMJDBEB FO UPEBT MBT QPTJDJPOFT °$

"MUP HSBEP EF FYQBOTJØO 'ÈDJM BQMJDBDJØO DPO MB CPRVJMMB BEBQUBEPS

#VFOB BQMJDBDJØO JODMVTP B CBKBT UFNQFSBUVSBT °$

$VSBEP SÈQJEP "MUP BJTMBNJFOUP UÏSNJDP %JTNJOVZF MB USBOTNJTJØO EF TPOJEPT Z SVJEPT 3FTJTUFOUF BM FOWFKFDJNJFOUP 1SPQFMFOUF MJCSF UPUBMNFOUF EF $'$ $POTVNP "FSPTPM EF NM FRVJWBMFO B M M

$PMPSFT &TQVNB BNBSJMMP DMBSP

1SFTFOUBDJØO "FSPTPM NM BFSPTPMFT QPS DBKB

4JLB #PPN¥ 4 &TQVNB EF QPMJVSFUBOP FYQBOTJWB 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1VFEF TFS VUJMJ[BEB QBSB m KBDJPOFT BJTMBNJFOUP Z FTQVNB EF SFMMFOP DPOUSB FM TPOJEP FM GSÓP Z MB IVNFEBE 1BSB BJTMBNJFOUP Z SFMMFOP EF KVOUBT EF DPOFYJØO BMSFEFEPS EF WFOUBOBT Z EF MPT NBSDPT EF MBT QVFSUBT FOUSBEBT EF UVCFSÓBT TJTUFNBT EF BJSF BDPOEJDJPOBEP BMPKBNJFOUPT EF QFSTJBOBT FOSPMMBCMFT FUD

#VFOB BQMJDBDJØO FO CBKBT UFNQFSBUVSBT °$

"MUP SBEJP EF FYQBOTJØO "MUP BJTMBNJFOUP "CTPSDJØO Fm DB[ EFM TPOJEP 3FTJTUFODJB BM FOWFKFDJNJFOUP 3FMBDJØO FYDFMFOUF DBMJEBE QSFDJP /P QFSKVEJDB MB DBQB EF P[POP "QMJDBDJØO NBOVBM

$PMPSFT "NBSJMMP BSFOB

1SFTFOUBDJØO "FSPTPMFT EF DN DN QBSB BQMJDBDJØO NBOVBM


3FMMFOPT Z "ODMBKFT

4JLB #PPN¥ 5 &TQVNB EF QPMJVSFUBOP NPOPDPNQPOFOUF QBSB FM QFHBEP EF UFKBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1FHBEP EF UFKBT DFSÈNJDBT DVSWBT Z NJYUBT 1FHBEP EF UFKBT EF IPSNJHØO 3FMMFOP EF IVFDPT FOUSF MBT QJF[BT EF DVCJFSUB 1FHBEP EF QBOFMFT BJTMBOUFT EF QPMJVSFUBOP

1PMJNFSJ[B DPO MB IVNFEBE BNCJFOUBM GPSNBOEP VOB FTQVNB TFNJSÓHJEB 5PUBMNFOUF FOEVSFDJEP TF SFDPSUB TF MJKB FUD DPO GBDJMJEBE /P MF BGFDUBO MBT WBSJBDJPOFT EF IVNFEBE EFM BJSF (SBO BJTMBOUF UÏSNJDP "NPSUJHVB FM TPOJEP EF JNQBDUP 4V GÈDJM BQMJDBDJØO GBDJMJUB MB SFQPTJDJØO EF QJF[BT EFUFSJPSBEBT 1SPQFMFOUF MJCSF EF $'$

$PMPSFT "SFOB

1SFTFOUBDJØO "FSPTPM EF DN QBSB BQMJDBDJØO DPO QJTUPMB

4JLB #PPN¥ ( &TQVNB EF QPMJVSFUBOP NPOPDPNQPOFOUF EF BMUB FYQBOTJØO Z BQMJDBDJØO DPO QJTUPMB 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

&TQVNB EF m KBDJØO SFMMFOP Z BJTMBNJFOUP EF SVJEPT GSÓP Z DPSSJFOUFT EF BJSF 3FMMFOP Z BJTMBOUF FO KVOUBT BMSFEFEPS EF NBSDPT EF QVFSUB Z WFOUBOBT QBTBUVCPT IVFDPT FUD

"MUP HSBEP EF FYQBOTJØO "QMJDBDJØO DPO 4JLB#PPN¥ ( %JTQFOTFS $VSBEP SÈQJEP 3FTJTUFOUF BM FOWFKFDJNJFOUP $POTVNP "FSPTPM EF NM FRVJWBMFO B M M

$PMPSFT "NBSJMMP DMBSP

1SFTFOUBDJØO "FSPTPM EF NM BFSPTPMFT QPS DBKB


4JLB #PPN¥ (4 &TQVNB EF QPMJVSFUBOP NPOPDPNQPOFOUF Z FYQBOTJWB 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT ¥

#PPN (4 TF VTB DPNP FTQVNB EF m KBDJØO SFMMFOP Z EF BJTMBNJFOUP GSFOUF B SVJEPT GSÓP Z DPSSJFOUFT EF BJSF $PNP SFMMFOP Z BJTMBOUF FO KVOUBT BMSFEFEPS EF NBSDPT EF WFOUBOBT Z QVFSUBT QBTBUVCPT IVFDPT QBSB TJTUFNBT EF BJSF BDPOEJDJPOBEP UBNCPSFT EF QFSTJBOBT

#VFOB BQMJDBDJØO JODMVTP B CBKBT UFNQFSBUVSBT °$

$VSBEP SÈQJEP "MUP HSBEP EF FYQBOTJØO "MUP BJTMBNJFOUP UÏSNJDP %JTNJOVZF MB USBOTNJTJØO EF TPOJEPT Z SVJEPT 3FTJTUFOUF BM FOWFKFDJNJFOUP 1SPQFMFOUF MJCSF UPUBMNFOUF EF $'$ $POTVNP 3FOEJNJFOUP "FSPTPM EF DN FRVJWBMFO B M

$PMPSFT &TQVNB BNBSJMMP DMBSP

1SFTFOUBDJØO "FSPTPM EF DN "QMJDBDJØO DPO QJTUPMB

4JLB¥ (SPVU 4JLB¥ (SPVU .PSUFSP NPOPDPNQPOFOUF n VJEP Z MJHFSBNFOUF FYQBOTJWP B CBTF EF DFNFOUP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FMMFOP QPS WFSUJEP CBKP QMBDBT EF BQPZP #BODBEBT EF NBRVJOBSJB "QPZP EF QVFOUFT Z HSÞBT "ODMBKFT EF FMFNFOUPT NFDÈOJDPT QPTUFT NFUÈMJDPT P EF IPSNJHØO DPMVNOBT QSFGBCSJDBEBT 3FMMFOP EF HSJFUBT Z PRVFEBEFT FO FM IPSNJHØO 4JLB (SPVU &TQFTPSFT EF NN 4JLB (SPVU &TQFTPSFT EF NN

.PSUFSP NPOPDPNQPOFOUF QBSB SFMMFOPT Z BODMBKFT QPS WFSUJEP -JHFSBNFOUF FYQBOTJWP "MUBT SFTJTUFODJBT NFDÈOJDBT 3ÈQJEP EFTBSSPMMP EF MBT NJTNBT 3FTJTUFOUF B WJCSBDJPOFT Z HPMQFT &YDFMFOUF BEIFSFODJB B IPSNJHØO Z BDFSP $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT (SJT

1SFTFOUBDJØO 4BDP EF LH


3FMMFOPT Z "ODMBKFT

4JLB¥ (SPVU .PSUFSP NPOPDPNQPOFOUF n VJEP EF SFUSBDDJØO DPNQFOTBEB Z MJHFSBNFOUF FYQBOTJWP B CBTF EF DFNFOUP Z FMFWBEBT SFTJTUFODJBT NFDÈOJDBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

*OEJDBEP QBSB UPEPT BRVFMMPT USBCBKPT FO MPT RVF TF SFRVJFSBO FMFWBEBT SFTJTUFODJBT NFDÈOJDBT UBOUP JOJDJBMFT DPNP m OBMFT FO FM DBTP EF 3FMMFOP QPS WFSUJEP CBKP QMBDBT EF BQPZP Z SFQBSUP #BODBEBT EF NÈRVJOBT "QPZPT EF QVFOUFT Z HSÞBT "ODMBKFT EF FMFNFOUPT NFUÈMJDPT BSNBEVSBT QFSOPT FUD QPTUFT NFUÈMJDPT Z EF IPSNJHØO DPMVNOBT FO DPOTUSVDDJPOFT QSFGBCSJDBEBT FUD 3FMMFOPT EF HSJFUBT Z PRVFEBEFT DPOm OBEBT FO FM JOUFSJPS EF NBTBT EF IPSNJHØO

"VUPOJWFMBOUF -JHFSBNFOUF FYQBOTJWP 3FTJTUFODJBT NFDÈOJDBT NVZ FMFWBEBT Z VO SÈQJEP EFTBSSPMMP EF MBT NJTNBT &YDFMFOUF BEIFSFODJB B IPSNJHØO NPSUFSP P BDFSP 1SPQPSDJPOB VOB VOJØO NPOPMÓUJDB Z SFTJTUF CJFO MPT HPMQFT Z WJCSBDJPOFT *NQFSNFBCMF SFTJTUFOUF BM BHVB Z BM BDFJUF $POTVNP LH N Z NN EF FTQFTPS

$PMPSFT (SJT

1SFTFOUBDJØO 4BDPT EF LH

4JLB "ODIPS'JY¥ "EIFTJWP EF DVSBEP SÈQJEP QBSB BODMBKFT DPO DBSHBT NFEJBT B CBKBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"EIFTJWP QBSB BODMBKFT EF DVSBEP SÈQJEP QBSB UPEP UJQP EF 3FEPOEPT EF BDFSP DPSSVHBEP 7BSJMMBT SPTDBEBT 1FSOPT Z TJTUFNBT EF TVKFDJØO FTQFDJBMFT 4PCSF MPT TJHVJFOUFT TPQPSUFT )PSNJHØO 1JFESB OBUVSBM EVSB 3PDB TØMJEB "MCB×JMFSÓB IVFDB Z TØMJEB

$VSBEP SÈQJEP 1VFEF TFS VTBEP FO CMPRVFT IVFDPT 1VFEFO VTBSTF QJTUPMBT VOJWFSTBMFT EF TFMMBEP $BQBDJEBE EF DBSHB CBKB NFEJB 1VFEF TFS VTBEP FO UFNQFSBUVSBT CBKBT /P EFTDVFMHB JODMVTP FO UFDIPT -JCSF EF FTUJSFOP 0MPS CBKP $POTVNP LH M

$PMPSFT (SJT DMBSP

1SFTFOUBDJØO $BSUVDIPT EF DN DN DN


4JLB "ODIPS'JY¥ "EIFTJWP QBSB BODMBKFT EF DVSBEP SÈQJEP EF BMUP SFOEJNJFOUP QBSB BQMJDBDJPOFT FTUSVDUVSBMFT DPO DBSHBT NFEJBT B BMUBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

$PNP BEIFTJWP EF DVSBEP SÈQJEP QBSB UPEP UJQP EF 3FEPOEPT EF BDFSP DPSSVHBEP 7BSJMMBT SPTDBEBT 1FSOPT Z TJTUFNBT EF m KBDJØO FTQFDJBMFT 4PCSF MPT TJHVJFOUFT TPQPSUFT )PSNJHØO 1JFESB OBUVSBM EVSB 3PDB TØMJEB .BNQPTUFSÓB "DFSP

$VSBEP SÈQJEP &OTBZBEP TFHÞO &5"( *$#0 *$$ 1VFEFO VTBSTF QJTUPMBT VOJWFSTBMFT EF TFMMBEP $BQBDJEBE EF DBSHB NFEJB BMUB /P EFTDVFMHB JODMVTP FO UFDIPT -JCSF EF FTUJSFOP 0MPS CBKP $POTVNP LH M

$PMPSFT (SJT

1SFTFOUBDJØO $BSUVDIPT EF DN Z EF DN

4JLB "ODIPS'JY¥

"EIFTJWP QBSB BODMBKF EF BMUB SFTJTUFODJB B CBTF EF SFTJOBT FQPYJ EF EPT DPNQPOFOUFT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1BSB MB m KBDJØO EF BODMBKFT FTUSVDUVSBMFT OP FYQBOTJWPT FO MPT TJHVJFOUFT DBTPT 3FEPOEPT EF BDFSP DPSSVHBEP FO PCSBT OVFWBT P USBCBKPT EF SFGVFS[P "ODMBKF EF TPQPSUFT QBSB DPOEVDUPT Z FRVJQPT 'JKBDJØO EF CBSBOEJMMBT CBMBVTUSBEBT 'JKBDJØO EF QSFUJMFT 'JKBDJØO EF NBSDPT EF WFOUBOBT Z QVFSUBT 4PCSF MPT TJHVJFOUFT TPQPSUFT )PSNJHØO 1JFESB OBUVSBM 3PDB TØMJEB .BNQPTUFSÓB "DFSP .BEFSB

-BSHP UJFNQP BCJFSUP 4F QVFEF VUJMJ[BS FO IPSNJHØO IÞNFEP "MUB DBQBDJEBE EF DBSHB /P EFTDVFMHB BQMJDBCMF JODMVTP FO UFDIPT -JCSF EF FTUJSFOP 3ÈQJEP DVSBEP &YDFMFOUF BEIFSFODJB BM TPQPSUF 4JO SFUSBDDJØO EVSBOUF FM FOEVSFDJNJFOUP #BKP PMPS #BKB QÏSEJEB EF NBUFSJBM $POTVNP LH M

$PMPSFT %F MB NF[DMB HSJT DMBSP

1SFTFOUBDJØO $BSUVDIPT EF DN Z EF EPCMF ÏNCPMP EF DN


3FMMFOPT Z "ODMBKFT

4JLBEVS¥ "ODMBKFT .PSUFSP EF SFMMFOP FTUSVDUVSBM BVUPOJWFMBOUF 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

.PSUFSP B CBTF EF SFTJOBT FQPYJ n VJEP QBSB FM FNQMFP TPCSF IPSNJHØO QJFESB NPSUFSP BDFSP BMVNJOJP NBEFSB QPMJÏTUFS Z FQPYJ 1FHBEP FTUSVDUVSBM EF 'JKBDJØO EF QFSOPT Z BODMBKFT FO TVQFSm DJFT IPSJ[POUBMFT "ODMBKFT EF BSNBEVSBT FO FM IPSNJHØO FO UBMBESPT WFSUJDBMFT 3FMMFOP CBKP QMBDBT EF BQPZP FO QVFOUFT P CBODBEBT EF NÈRVJOBT 3FMMFOP EF HSBOEFT HSJFUBT Z PRVFEBEFT FO FM IPSNJHØO

4JO SFUSBDDJØO #VFOB n VJEF[ JODMVTP FO DBQBT m OBT &YDFMFOUF BEIFSFODJB BM TPQPSUF 1VFEF TFS BQMJDBEP TPCSF TPQPSUFT IÞNFEPT 3ÈQJEP FOEVSFDJNJFOUP "MUBT SFTJTUFODJBT NFDÈOJDBT 4JO EJTPMWFOUF $POTVNP LH QPS MJUSP EF NF[DMB

$PMPSFT %F MB .F[DMB (SJT

1SFTFOUBDJØO -PUFT QSFEPTJm DBEPT EF LH LH Z LH

4JLBDSFUF¥ 4$$ )PSNJHØO BVUPDPNQBDUBCMF 4$$

6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

-PT DBNQPT EF BDUVBDJØO TPO $VBMRVJFS USBCBKP QFRVF×P EF IPSNJHØO 3FQBSBDJØO EF IPSNJHØO 5SBCBKPT EPNÏTUJDPT FO IPSNJHØO DPNP FO KBSEJOFT Z MVHBSFT EF MB DBTB 1FRVF×PT SFMMFOPT P m KBDJPOFT 3FMMFOPT EF IVFDPT FO FM IPSNJHØO

6TBOEP 4JLBDSFUF¥ 4$$ TF DPOTJHVFO MBT TJHVJFOUFT WFOUBKBT /P TF OFDFTJUB WJCSBS "QMJDBDJØO SÈQJEB EFCJEP B TV n VJEF[ &DPOØNJDP .VZ BMUB DBMJEBE FO MB UFSNJOBDJØO EF MB TVQFSm DJF 3FOEJNJFOUP LH GPSNBO BQSPYJNBEBNFOUF M EF IPSNJHØO

$PMPSFT 1PMWP HSJT DPO ÈSJEP EF B NN -ÓTUP QBSB TV VTP

1SFTFOUBDJØO 4BDPT EF LH


*NQFSNFBCJMJ[BDJØO 4JLB¥ .FNCSBOB 4JLB¥ .FNCSBOB 4JLB¥ .FNCSBOB

QÈH QÈH QÈH

-ÈNJOBT "TGÈMUJDBT -ÈNJOBT 4JLB¥ %BO -ÈNJOBT 4JLB¥ %BO &MBTUØNFSP

QÈH QÈH

1SPUFDDJØO 4JLB¥ -BN 41 4JLB¥ -BN *NQBDU 4JLB¥ -BN *NQBDU 4JLB-BZFS¥

QÈH QÈH QÈH QÈH

.BMMBT 5FKJEPT Z -ÈNJOBT

4JLB FO UPEPT MPT QSPZFDUPT JNQPSUBOUFT

%SFOBKF 4JLBÂ¥ -BN 4% 4JLBÂ¥ %SBJO

QÈH QÈH

(FPUFYUJMFT 4JLBÂ¥ (FPUFY 1&4 4JLBÂ¥ (FPUFY 11

QÈH QÈH

.BMMBT EF 'JCSB EF 7JESJP "SNBUPQ "SNBUPQ "SNBm MM "SNBHMBTT QÈ 4JTUFNB 4JLB¥ (BSEFO

QÈH QÈH QÈH QÈH H


4JLB¥ .FNCSBOB .FNCSBOBT B CBTF EF 17$ QMBTUJm DBEP TJO BSNBEVSB 6TPT *NQFSNFBCJMJ[BDJPOFT QSPWJTJPOBMFT *NQFSNFBCJMJ[BDJPOFT EF MPDBMFT TVCUFSSÈOFPT TØUBOPT UFSSB[BT CBMDPOFT DVBESBT HBMMJOFSPT FUD 1SPUFDDJØO EF DJNFOUBDJPOFT 1SPUFDDJØO GSFOUF B DBQJMBSJEBE .FNCSBOB EF QSPUFDDJØO $BQB EFTMJ[BOUF FO TJTUFNBT EF JNQFSNFBCJMJ[BDJØO EF DVCJFSUBT EF BQBSDBNJFOUPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT /P SFTJTUFO B QSPEVDUPT CJUVNJOPTPT BDFJUFT P DBSCVSBOUFT #VFOBT SFTJTUFODJBT 4F EFCFO QSPUFHFS EF MPT SBZPT VMUSBWJPMFUBT "ENJUF QSPUFDDJPOFT DPO FOMPTBEP NPSUFSP HSBWB FUD

$PMPSFT /FHSP 1SFTFOUBDJØO 4JLB .FNCSBOB 3PMMPT EF Y N 4JLB .FNCSBOB 3PMMPT EF Y N

-ÈNJOBT 4JLB¥ %BO -ÈNJOBT BTGÈMUJDBT JNQFSNFBCJMJ[BOUFT B CBTF EF PYJBTGBMUP %"504 5²$/*$04

5JQP

$PMPS "SNBEVSB /P

4*," %"/ "M

4*," %"/ (

4*," %"/ (

4*," %"/ 1

4*," %"/ 1

-0 . /" MÈNJOB EF CBTF PYJBTGBMUP BVUPQSPUFHJEB DPO BMVNJOJP HPGSBEP

-0 . '7 MÈNJOB EF CBTF PYJBTGBMUP DPO BSNBEVSB EF m CSB EF WJESJP

-0 '7 6/& MÈNJOB EF CBTF PYJBTGBMUP DPO BSNBEVSB EF m CSB EF WJESJP

-0 1& 6/& MÈNJOB EF CBTF PYJBTGBMUP DPO BSNBEVSB EF QPMJFUJMFOP

-0 1& 6/& MÈNJOB EF CBTF PYJBTGBMUP DPO BSNBEVSB EF QPMJFUJMFOP

"MVNJOJP OBUVSBM DBSB FYUFSJPS

/FHSP

/FHSP

/FHSP

/FHSP

'JFMUSP EF m CSB EF WJESJP EF H N

'JFMUSP EF m CSB EF WJESJP EF H N

'JMN EF QPMJFUJSFOP H N

'JMN EF QPMJFUJSFOP H N

MMFWB

.BUFSJBM EF UFSNJOBDJØO

"MVNJOJP HPGDEP

1PMJFUJMFOP 1

.BUFSJBM BOUJBEIFSFOUF

1PMJFUJMFOP FO MB DBSB JOUFSJPS

1FTP NFEJP 3FTJTUFODJB B USBDDJØO WBMPSFT NÓOJNPT

LH N -POHJ / DN 5SBOT / DN

3FTJTUFODJB BM GSÓP 1ositivo a +5 °C QMFHBCJMJEBE 3FTJTUFODJB BM DBMPS

1ositivo a +70 ¡$ I

PMJFUJMFOP 1

PMJFUJMFOP 1

1PMJFUJMFOP FO BNCBT DBSBT

1PMJFUJMFOP FO BNCBT DBSBT

1PMJFUJMFOP FO BNCBT DBSBT

LH N

LH N

LH N

PMJFUJMFOP 1PMJFUJMFOP FO BNCBT DBSBT LH N

-POHJ / DN 5SBOT / DN

-POHJ / DN 5SBOT / DN

-POHJ / DN 5SBOT / DN

-POHJ / DN 5SBOT / DN

1ositivo a +5 °C

1ositivo a +5 °C

1ositivo a +5 °C

1ositivo a +5 °C

1ositivo a +80 ¡$ I

1ositivo a +70 °C, I

1ositivo a +80 °C, I

1ositivo a +80 °C, I

"CTPSDJØO EF BHVB $VCJFSUBT OP $VCJFSUBT USBOTJUBCMFT P OP USBOTJUBCMFT FO TJTUFNB CJDBQB P NVMUJDBQB CBKP QSPUFDDJØO 5JQP EF "QMJDBDJØO USBOTJUBCMFT QFTBEB $VCJFSUBT JOWFSUJEBT $VCJFSUBT JOWFSUJEBT DPO BJTMBNJFOUP UÏSNJDP BEFDVBEP

$FSUJm DBEPT $VNQMFO DPO MBT OPSNBT 6/& j-ÈNJOBT #JUVNJOPTBTx 6/& j.ÏUPEPT EF FOTBZPx 1PTFFO TFMMP */$& 4F FODVFOUSBO EFOUSP EF MBT FTQFDJm DBDJPOFT / # & 2#


-ร NJOBT EF CFUร O NPEJm DBEP %"504 5ยฒ$/*$04

4*," %"/ ( &MBTUร NFSP

5JQP

-#. 4#4 '7 Mร NJOB EF CFUร O NPEJm DBEP DPO BSNBEVSB EF m CSB EF WJESJP

$PMPS

/FHSP

4*," %"/ (1 &MBTUร NFSP -#. 4#4 '7 Mร NJOB EF CFUร O NPEJm DBEP DPO BSNBEVSB EF m CSB EF WJESJP %F WJESJP Z BVUPQSPUFHJEB DPO HSร OVMPT EF QJF[B EF DPMPS /FHSP

"SNBEVSB

'JFMUSP EF m CSB EF WJESJP EF H N

'JFMUSP EF m CSB EF WJESJP EF H N

.BUFSJBM EF UFSNJOBDJร O

(SBOVMPT HSJT QJ[BSSB

.BUFSJBM BOUJBEIFSFOUF

1PMJFUJMFOP FO BNCBT DBSBT

1PMJFUJMFOP FO MB DBSB JOUFSJPS

1FTP NFEJP

LH N

LH N

3FTJTUFODJB B USBDDJร O WBMPSFT Nร OJNPT

-POH / DN 5SBOT / DN

-POH / DN 5SBOT / DN

3FTJTUFODJB BM GSร P QMFHBCJMJEBE 1PTJUJWP B o ยก$

1PTJUJWP B o ยก$

3FTJTUFODJB BM DBMPS

1PTJUJWP B ยก$ I

1PTJUJWP B ยก$ I

'MVFODJB

1PTJUJWP B ยก$ I

1PTJUJWP B ยก$ I

5JQP EF "QMJDBDJร O

.FNCSBOB JNQFSNFBCJMJ[BOUF NPOPDBQB DPO QSPUFDDJร O QFTBEB P DPNP QSJNFSB DBQB $VCJFSUBT OP USBOTJUBCMFT FO NFNCSBOBT DPO BVUPQSPUFDDJร O NJOFSBM $VCJFSUBT JOWFSUJEBT P NFUร MJDB

$FSUJm DBEPT Z FOTBZPT $VNQMFO DPO MBT OPSNBT ย 6/& j-ร NJOBT EF CFUร O NPEJm DBEP DPO FMBTUร NFSPTx ย 6/& j.ร UPEPT EF FOTBZPx QBSUF ย 1PTFFO TFMMP */$& ย 4F FODVFOUSBO EFOUSP EF MBT FTQFDJm DBDJPOFT /#& 2#

4JLBยฅ -BN 41 -ร NJOB EF Oร EVMPT EF QPMJFUJMFOP QBSB MB QSPUFDDJร O EF DJNJFOUPT 6TPT

$BSBDUFSร TUJDBT Z 7FOUBKBT

ย 1SPUFDDJร O EF PCSBT DPO DJNFOUBDJร O QSPGVOEB ย 1SPUFDDJร O EF DJNFOUBDJPOFT FO PCSBT Qร CMJDBT Z DJWJMFT FO HFOFSBM ย $BQB EF MJNQJF[B CBKP MPTBT EF TPMBEP ย 5ร OFMFT DVCJFSUBT BKBSEJOBEBT ย 7FOUJMBDJร O JOUFSJPS EF NVSPT

ย 'ร DJM DPMPDBDJร O ย "MUB SFTJTUFODJB B DPNQSFTJร O ย #VFOBT SFTJTUFODJBT RVร NJDBT ย 3FTJTUFOUF B SBร DFT ย *NQVUSFTDJCMF ย 1SPUFDDJร O FDPOร NJDB

$PMPSFT .BSSร O

1SFTFOUBDJร O &O SPMMPT EF Y N

.BMMBT 5FKJEPT Z -ร NJOBT

-ร NJOBT 4JLBยฅ %BO &MBTUร NFSP


4JLB¥ -BN *NQBDU -ÈNJOB EF QPMJFUJMFOP FYQBOEJEP QBSB BJTMBNJFOUP BDÞTUJDP GSFOUF B MPT SVJEPT EF JNQBDUP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

"JTMBNJFOUP BDÞTUJDP GSFOUF B MPT SVJEPT EF JNQBDUP 'ÈDJM EF DPSUBS NBOFKBS Z DPMPDBS FO DVBMRVJFS UJQP FO GPSKBEPT P FMFNFOUPT IPSJ[POUBMFT EF TFQBSBDJØO FO EF TVQFSm DJF FEJm DBDJØO FO MPT RVF TF WB B DPMPDBS VO TVFMP n PUBOUF *NQFSNFBCMF BM BHVB #VFO BJTMBNJFOUP UBOUP EF IPSNJHØO NPSUFSP QBSRVFU P BOIJESJUB y

UÏSNJDP DPNP BDÞTUJDP $PNP FMFNFOUP TFQBSBEPS FO BQMJDBDJPOFT RVF QSFDJTFO EJTDPOUJOVJEBEFT "DFQUBCMF B UPEP UJQP EF $PNP CBOEB EF FOUSFHB FOUSF FM GPSKBEP Z FM QBSBNFOUP TVFMPT USBEJDJPOBMFT QBSRVFU n PUBOUF y

WFSUJDBM #VFOB SFTJTUFODJB RVÓNJDB $PNP KVOUB EF USBCBKP FO MB FKFDVDJØO EF QBWJNFOUPT *NQVUSFTDJCMF

$PMPSFT .BSSØO 1SFTFOUBDJØO "ODIP N &O SPMMPT EF N 4JLB -BN *NQBDU

&O SPMMPT EF N 4JLB -BN *NQBDU

4JLB-BZFS¥ -ÈNJOB EF FTQVNB EF QPMJFUJMFOP DPO QFSGPSBDJPOFT TJNÏUSJDBT QBSB DPOTFHVJS FGFDUP BJTMBOUF 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

$PNP BJTMBNJFOUP BDÞTUJDP FO QBWJNFOUPT EF NBEFSB &TUBCMF EJNFOTJPOBMNFOUF $POTVNP EF BEIFTJWP EFm OJEP QFHBEPT QPS DPSEPOFT #BKP QFTP QBSB USBOTQPSUBS

$PMPSFT (SJT

1SFTFOUBDJØO 3PMMPT EF Y N N SPMMPT QPS QBMFU


.BMMBT 5FKJEPT Z -ÈNJOBT

4JLB¥ -BN 4% -ÈNJOBT ESFOBOUF EF OØEVMPT EF QPMJFUJMFOP Z HFPUFYUJM JODPSQPSBEP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1SPUFDDJØO Z ESFOBKF EF DJNJFOUPT QSPUFHJEPT DPO QJOUVSBT CJUVNJOPTBT %*/ QBSUF

0CSBT DPO DJNFOUBDJØO QSPGVOEB 5ÞOFMFT ;BOKBT .VSPT EF DPOUFODJØO (VOJUBEP TPCSF TVQFSm DJFT QPSPTBT

'ÈDJM DPMPDBDJØO "MUB SFTJTUFODJB B DPNQSFTJØO #VFOBT SFTJTUFODJBT RVÓNJDBT 3FTJTUFOUF B HPMQFT Z SP[BNJFOUPT 3FTJTUFOUF B SBÓDFT %*/

*NQVUSFTDJCMF 1SPUFDDJØO FDPOØNJDB -PT OØEVMPT GPSNBO VOB DÈNBSB FOUSF MB DPOTUSVDDJØO Z FM UFSSFOP B USBWÏT EF MB RVF DJSDVMB FM BJSF Z FM WBQPS EF BHVB "CTPSCF Z m MUSB FM BHVB EFM UFSSFOP HSBDJBT BM HFPUFYUJM TVKFUP B MPT OØEVMPT QPUFODJBOEP MB DBQBDJEBE ESFOBOUF EFM TJTUFNB

$PMPSFT .FNCSBOB .BSSØO (FPUFYUJM #MBODP

1SFTFOUBDJØO 3PMMPT EF N EF BODIP Z N EF MBSHP

4JLB¥ %SBJO .FNCSBOBT QBSB ESFOBKF B CBTF EF m MBNFOUPT USJEJNFOTJPOBMFT EF QPMJQSPQJMFOP DPNCJOBEBT DPO EPT HFPUFYUJMFT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

%SFOBKF EF DJNFOUBDJPOFT %SFOBKF EF USBTEØT EF NVSPT Z FMFNFOUPT FOUFSSBEPT %SFOBKF EF UBMVEFT Z DPOTPMJEBDJPOFT $BQB TFQBSBEPSB BOUJDPOUBNJOBOUF 1SPUFDDJØO EF DJNFOUBDJPOFT JNQFSNFBCJMJ[BEBT DPO FNVMTJPOFT CJUVNJOPTBT $BQB EF MJNQJF[B CBKP MPTBT EF TPMBEP 1SPUFDDJØO EFM USBTEØT EF SFWFTUJNJFOUP EF UÞOFMFT $BQB TFQBSBEPSB Z EF QSPUFDDJØO FO [POBT BKBSEJOBEBT

'ÈDJM DPMPDBDJØO "MUB DBQBDJEBE ESFOBOUF #VFOBT SFTJTUFODJBT RVÓNJDBT 1SPUFDDJØO FDPOØNJDB "DUÞB DPNP QSPUFDDJØO ESFOBOUF GSFOUF B DBSHBT NFDÈOJDBT EFM QSPQJP UFSSFOP "CTPSCF Z m MUSB FM BHVB EFM UFSSFOP QPUFODJBOEP MB DBQBDJEBE ESFOBOUF EFM TJTUFNB

1SFTFOUBDJØO 4JLB %SBJO 4JLB %SBJO 3PMMPT EF N EF BODIP Z N EF MBSHP 4JLB %SBJO 3PMMPT EF N EF BODIP Z N EF MBSHP $PMPSFT 'JMBNFOUP EF ESFOBKF /FHSP (FPUFYUJM #MBODP


4JLB¥ (FPUFY 1&4 11 (FPUFYUJMFT EF QPMJÏTUFS Z QPMJQSPQJMFOP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1SPUFDDJØO EF MÈNJOBT JNQFSNFBCJMJ[BOUFT DPOUSB QPTJCMFT QFSGPSBDJPOFT UFOTJPOFT P QSFTJPOFT DSFBEBT QPS FMFNFOUPT QVO[BOUFT $VBOEP FM HFPUFYUJM UFOHB RVF FTUBS FO DPOUBDUP DPO IPSNJHØO P NPSUFSP TF VUJMJ[BSÈ MB HBNB 4JLB (FPUFY 11 QPMJQSPQJMFOP

1SPUFDDJØO EF MÈNJOBT JNQFSNFBCJMJ[BOUFT DPOUSB FM DPOUBDUP EF NBUFSJBMFT JODPNQBUJCMFT 3FIBCJMJUBDJØO EF JNQFSNFBCJMJ[BDJPOFT EFUFSJPSBEBT BDUVBOEP DPNP DBQB TFQBSBEPSB FOUSF FM BOUJHVP NBUFSJBM JNQFSNFBCJMJ[BOUF Z MB OVFWB MÈNJOB &MFNFOUP EF ESFOBKF QFSNJUJFOEP MB DPOEVDDJØO EF BHVB B MP MBSHP EFM HFPUFYUJM IBTUB VO QVOUP EF FWBDVBDJØO $BQB TFQBSBEPSB FWJUBOEP EF FTUB NBOFSB MB NF[DMB FOUSF NBUFSJBMFT JODPNQBUJCMFT QPS EJTUJOUBT DBVTBT #BSSFSB B MB DPOUBNJOBDJØO EF NBUFSJBMFT Z PCTUSVDDJØO EF TJTUFNBT EF ESFOBKF 3FGVFS[P EF MB DBQBDJEBE QPSUBOUF EF MBT CBMTBT

»QUJNB QSPUFDDJØO ESFOBKF Z m MUSBDJØO "MUB QSPUFDDJØO EF MÈNJOBT JNQFSNFBCJMJ[BOUFT DPOUSB TV QVO[POBNJFOUP »QUJNB BEBQUBDJØO B MPT EJTUJOUPT TPQPSUFT "JTMBOUF P CBSSFSB GSFOUF B EJGFSFOUFT FMFNFOUPT RVÓNJDPT

$PMPSFT #MBODP 1SFTFOUBDJØO &O SPMMPT EF N Y N Z N Y N 1FT 11

"SNBUPQ .BMMB EF m CSB EF WJESJP DPO QSPUFDDJØO BOUJBMDBMJOB QBSB SFWPDPT EF NPSUFSP Z FOGPTDBEP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FEVDF DPOTJEFSBCMFNFOUF 3FGVFS[P EF FOGPTDBEPT EF NPSUFSPT USBEJDJPOBMFT FM SJFTHP EF m TVSBDJØO FO MPT NPSUFSPT VUJMJ[BEPT QBSB FO TVQFSm DJFT Z P QVOUPT TJOHVMBSFT FTRVJOBT SFWPDPT Z P FOGPTDBEPT FODVFOUSPT FUD SFEVDJFOEP DPOTJEFSBCMFNFOUF FM 'BDJMJUB MB DPMPDBDJØO EFM NPSUFSP TPCSF TPQPSUFT SJFTHP EF m TVSBDJØO MJTPT NFKPSBOEP FM BHBSSF EF ÏTUF SFEVDJFOEP MBT 1VFOUFP EF KVOUBT EF VOJØO FOUSF NBUFSJBMFT EF DPOTUSVDDJØO EF EJGFSFOUF OBUVSBMF[B QÏSEJEBT EFM NPSUFSP Z BVNFOUBOEP MPT SFOEJNJFOUPT $PMPDBEB TPCSF NBUFSJBMFT BJTMBOUFT QMBODIBT EF EF DPMPDBDJØO QPMJFTUJSFOP FUD GBDJMJUB MB QVFTUB FO PCSB EFM NPSUFSP TPCSF FTUPT NBUFSJBMFT

$PMPSFT #MBODP

1SFTFOUBDJØO &O SPMMPT EF N Y N


.BMMBT 5FKJEPT Z -ÈNJOBT

"SNBUPQ .BMMB EF m CSB EF WJESJP DPO QSPUFDDJØO BOUJBMDBMJOB QBSB FOMVDJEPT EF ZFTP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FGVFS[P EF HVBSOFDJEPT Z FOMVDJEPT EF ZFTP FO TVQFSm DJFT Z P QVOUPT TJOHVMBSFT FTRVJOBT FODVFOUSPT FUD SFEVDJFOEP DPOTJEFSBCMFNFOUF FM SJFTHP EF m TVSBDJØO 1VFOUFP EF KVOUBT EF VOJØO FOUSF NBUFSJBMFT EF DPOTUSVDDJØO EF EJGFSFOUFT OBUVSBMF[BT

3FEVDF DPOTJEFSBCMFNFOUF FM SJFTHP EF m TVSBDJØO FO MPT ZFTPT VUJMJ[BEPT QBSB HVBSOFDJEPT Z P FOMVDJEPT 'BDJMJUB MB DPMPDBDJØO EFM ZFTP TPCSF TPQPSUFT MJTPT NFKPSBOEP FM BHBSSF EF ÏTUF SFEVDJFOEP MBT QÏSEJEBT Z BVNFOUBOEP MPT SFOEJNJFOUPT EF DPMPDBDJØO

$PMPSFT #MBODP

1SFTFOUBDJØO &O SPMMPT EF N Y N

"SNBm MM .BMMB EF m CSB EF WJESJP QBSB FM BSNBEP EF 4JLBm MM 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

&MFNFOUP BEJDJPOBM BM 4JLBm MM FO DVCJFSUBT QBSBNFOUPT 0CUFODJØO KVOUP BM 4JLBm MM EF VOB NFNCSBOB EF WFSUJDBMFT DBOBMJ[BDJPOFT FUDy NBZPSFT SFTJTUFODJBT NFDÈOJDBT &WJUB MB USBOTNJTJØO EF MB m TVSBDJØO EFM TPQPSUF %B NBZPS SFTJTUFODJB B MB USBDDJØO

$PMPSFT #MBODP

1SFTFOUBDJØO &O SPMMPT EF N Y N N


"SNBHMBTT 7FMP EF m CSB EF WJESJP QBSB TJTUFNBT EF QJOUVSBT BSNBEPT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

3FGVFS[P EF QJOUVSBT FO TVQFSm DJFT Z P QVOUPT -B DPNCJOBDJØO m CSB QJOUVSB QFSNJUF DSFBS jJO TJUVx TJOHVMBSFT UBMFT DPNP FTRVJOBT FODVFOUSPT FUD VO SFWFTUJNJFOUP DPOUJOVP FO FM RVF FM "SNBHMBTT SFEVDJFOEP FM SJFTHP EF m TVSBDJØO BDUÞB DPNP BSNBEVSB SFQBSUJEPSB EF UFOTJPOFT 1VFOUFP EF KVOUBT EF VOJØO FOUSF EJGFSFOUFT NBUFSJBMFT FWJUBOEP MB BQBSJDJØO EF m TVSBT 1VFOUFP EF m TVSBT Z QFRVF×BT HSJFUBT 'BDJMJUB MB DPMPDBDJØO EF MB QJOUVSB TPCSF TPQPSUFT NVZ MJTPT P QPDP BCTPSCFOUFT 1FSNJUF IBDFS SFWFTUJNJFOUPT NVMUJDBQB DPOUÓOVPT SFQJOUBCMFT Z DPO BDBCBEPT EFDPSBUJWPT EJGFSFOUFT &M WFMP FT JNQVUSFTDJCMF -B m CSB EF WJESJP UJFOF VO USBUBNJFOUP FTQFDJBM RVF FWJUB MB JSSJUBDJØO EF MB QJFM EVSBOUF TV VUJMJ[BDJØO

$PMPSFT #MBODP

1SFTFOUBDJØO &O SPMMPT EF N Y N N


.BMMBT 5FKJEPT Z -ÈNJOBT

4JTUFNB 4JLB¥ (BSEFO 4JTUFNB EF JOTUBMBDJØO EF DÏTQFE BSUJm DJBM EFDPSBUJWP 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

+BSEJOFT QÞCMJDPT Z QSJWBEPT 5FSSB[BT Z QBUJPT 4PMBSJVN EF QJTDJOBT DPNVOJUBSJBT Z QÞCMJDBT ;POBT EF KVFHP JOGBOUJM ;POBT DPNVOJUBSJBT 3PUPOEBT NFEJBOBT FUD

"EFDVBEP QBSB TV JOTUBMBDJØO TPCSF DVBMRVJFS TVQFSm DJF UJFSSB CBMEPTBT BTGBMUP IPSNJHØO FUD

5PEPT MPT DPNQPOFOUFT EFM TJTUFNB TPO SFDJDMBCMFT (SBO EVSBCJMJEBE DPO FTDBTP NBOUFOJNJFOUP 3FTJTUFOUF B MB SPUVSB "TQFDUP WFSEF JOUFOTP UPEP FM B×P BQUP QBSB [POBT EF TPNCSB Z DPOEJDJPOFT BNCJFOUBMFT FYUSFNBT TJO DBMWBT NBMBT IJFSCBT DIBSDPT FUD

/P FT BCSBTJWP UBDUP TVBWF Z OBUVSBM .JOJNJ[B FM DPOTVNP EF BHVB &WJUB FM VTP EF QSPEVDUPT RVÓNJDPT Z QFTUJDJEBT

4JLB¥ (BSEFO ( 4JLB¥ (BSEFO ( FT VO NBOUP SFBMJ[BEP NFEJBOUF VO QSPDFTP JOEVTUSJBM EF UFKJEP 5VGUJOH FO FM DVBM TF JOTFSUBO IJMPT P m CSBT EF QPMJFUJMFOP SFTJTUFOUF B SBZPT 67 B NPEP EF QFOBDIPT TPCSF VO TPQPSUF CBTF EF QPMJQSPQJMFOP #BDLJOH

5*104 %& ."/504 "MUVSB

1VOUBEBT N

.POPm MBNFOUP SFDUP CJDPMPS

_ NN

_

4JLB (BSEFO (

.POPm MBNFOUP SFDUP CJDPMPS

_ NN

_

4JLB¥ (BSEFO (

.FDIPOFT CJDPMPS FO IJMFSBT BMUFSOBT EF NPOPm MBNFOUP SFDUP FO VOP Z SJ[BEP FO MB TJHVJFOUF

_ NN

_

4JLB¥ (BSEFO (

.FDIPOFT CJDPMPS FO IJMFSBT BMUFSOBT EF NPOPm MBNFOUP SFDUP FO VOP Z UFYUVSJ[BEP FO MB TJHVJFOUF

_ NN

_

'JMBNFOUP 4JLB¥ (BSEFO ( ¥

$PMPSFT 7FSEF DÏTQFE 1SFTFOUBDJØO 3PMMPT EF Y N N 3PMMPT EF Y N #PY QBMFU 4JLB¥ (BSEFO ( DPO 3PMMPT EF Y N N #PY QBMFU 4JLB¥ (BSEFO ( DPO 3PMMPT EF Y N N

4JLB¥ (BSEFO 5BQF 4JLB¥ (BSEFO 5BQF FT VOB CBOEB EF QPMJÏTUFS JNQFSNFBCMF Z SFGPS[BEP QBSB FM QFHBEP EF MPT SPMMPT EF DÏTQFE BSUJm DJBM FO JOTUBMBDJPOFT QBJTBKÓTUJDBT DPO FMFWBEBT QSPQJFEBEFT NFDÈOJDBT

$PMPSFT $JOUB CMBODB 1SFTFOUBDJØO 3PMMPT EF DN EF BODIP Y N EF MBSHP 3PMMPT EF DN EF BODIP Y N EF MBSHP

4JLB¥ (BSEFO "EIFTJWF 7FS FO 1FHBEP QÈH


-JNQJF[B 4JLBMJNQ QÈ 4JLB¥ 5PQ$MFBO 5 4JLBHBSE¥ 5FBL 0JM

H QÈH QÈH

1JTUPMBT 4JLB#POE¥ %JTQFOTFS 1JTUPMB .BOVBM 8FYGPSE 1JTUPMB .BOVBM 6OJWFSTBM 4JLB 1JTUPMFU 4 1JTUPMB /FVNÈUJDB 4BMDIJDIØO DD 1JTUPMB .BOVBM 4BMDIJDIØO DD 1JTUPMB 4JLB "ODIPSm Y .FUÈMJDB 1JTUPMB .FUÈMJDB 4JLB #PPN 1JTUPMB 4JLB #PPN ( %JTQFOTFS

1SPEVDUPT "VYJMJBSFT

4JLB FO UPEPT MPT QSPZFDUPT JNQPSUBOUFT

QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH QÈH


4JLBMJNQ "HFOUF MJNQJBEPS 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

1BSB MJNQJF[B EF 3FTUPT EF DFNFOUP FO GBDIBEBT EF MBESJMMP WJTUP TPMBEPT FUD »YJEPT HSBTBT BOJNBMFT Z NBODIBT EF BDFJUF FO TVQFSm DJFT DFNFOUPTBT

1BSB MJNQJF[B EF SFTUPT EF DFNFOUP ØYJEPT HSBTBT FUD /P VUJMJ[BS FO QSFTFODJB EF NÈSNPM BMVNJOJP NFUBMFT GFSSPTPT DSPNBEPT %JMVJCMF FO BHVB $POTVNP M N

$PMPSFT -ÓRVJEP JODPMPSP

1SFTFOUBDJØO (BSSBGBT EF LH Z LH

4JLB¥ 5PQ$MFBO 5 5PBMMBT IÞNFEBT QBSB MB MJNQJF[B EF NBOPT Z IFSSBNJFOUBT 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

4JLB¥ 5PQ$MFBO 5 TPO UPBMMJUBT EF MJNQJF[B EF NBOPT EFTFDIBCMFT QBSB TV FNQMFP EPOEF MBT JOTUBMBDJPOFT EF MBWBEP QVFEBO OP FTUBS EJTQPOJCMFT 4JLB¥ 5PQ$MFBO 5 FMJNJOB VOB BNQMJB HBNB EF SFTJEVPT JODMVZFOEP BDFJUF MVCSJDBOUFT HSBTBT QJOUVSBT UJOUBT FO HFOFSBM Z BEIFTJWPT P TFMMBEPSFT OP QPMJNFSJ[BEPT P OP DVSBEPT

-JTUP QBSB VTBS &YDFMFOUFT QSPQJFEBEFT EF MJNQJF[B %FSNBUPMØHJDBNFOUF UFTUBEP 'ÈDJM EF BSSBODBS QBQFM QFSGPSBEP %PT MBEPT EJGFSFOUFT SVHPTB BDBCBEP TVBWF

$PMPSFT #MBODP DPO m CSBT SPKBT

1SFTFOUBDJØO #PUF DPO UPBMMJUBT 5BNB×P EF MBT UPBMMBT Y NN


1SPEVDUPT "VYJMJBSFT

4JLBHBSE¥ 5FBL 0JM "DFJUF QBSB MB QSPUFDDJØO TVQFSm DJBM EF MB NBEFSB EF UFDB Z PUSBT NBEFSBT $BSBDUFSÓTUJDBT Z 7FOUBKBT

6TPT ¥

4JLBHBSE 5FBL 0JM IB TJEP EJTF×BEP QBSB MB QSPUFDDJØO Z FM NBOUFOJNJFOUP TVQFSm DJBM UBOUP EF NBEFSB EF UFDB DPNP EF PUSBT NBEFSBT FYQVFTUBT B MB JOUFNQFSJF 1VFEF TFS VUJMJ[BEP FO CBMDPOFT UFSSB[BT NPCJMJBSJP EF KBSEÓO FUD 4JLBHBSE¥ 5FBL 0JM SFBM[B FM CSJMMP OBUVSBM EF MB NBEFSB EÈOEPMF VO BTQFDUP VOJGPSNF

-JTUP QBSB TV VTP 1SFWJFOF DPOUSB MB SBEJBDJØO VMUSBWJPMFUB Z MB QFOFUSBDJØO EF BHVB 4JO QJHNFOUPT 'ÈDJM EF BQMJDBS /P BGFDUB B MBT DBSBDUFSÓTUJDBT EF MBT KVOUBT TFMMBEBT NFEJBOUF 4JLBn FY¥ 5 $PNQBUJCMF DPO 4JLBn FY¥ 5 $POTVNP _ B H N QBSB MB QSJNFSB DBQB EFQFOEJFOEP EF MB BCTPSDJØO EFM TPQPSUF 4J TF SFRVJFSF VOB TFHVOEB DBQB FM DPOTVNP FT HFOFSBMNFOUF NFOPS _ H N TJ MB NBEFSB FT FTQFDJBMNFOUF QPSPTB FM DPOTVNP QVFEF BVNFOUBS

$PMPSFT "DFJUF BNCBS

1SFTFOUBDJØO #PUFMMBT EF QMÈTUJDP EF MJUSP

4JLB#POE¥ %JTQFOTFS .BRVJOB EF BQMJDBDJØO EF BEIFTJWP FO QBWJNFOUPT QBSB FM QFHBEP DPOUJOVP EF NBEFSB 6TPT

$BSBDUFSÓTUJDBT Z 7FOUBKBT

$PO FM 4JLB#POE¥ %JTQFOTFS TF QVFEFO QFHBS NVDIPT UJQPT EF TVFMPT EF NBEFSB JODMVZFOEP TVFMPT EF NBEFSB NBDJ[B Z DPOUSBDIBQBEB MBNBT UJSBT MBSHBT UBCMPOFT QBOFMFT UBCMFSPT QBSRVFU FO NPTBJDP FOUBSJNBEP JOEVTUSJBM FOUBSJNBEP EF MBNQBSRVFU FUD BTÓ DPNP MB NBEFSB BHMPNFSBEB &M 4JLB#POE¥ %JTQFOTFS VUJMJ[B DPNP BEIFTJWP FM 4JLB#POE¥ 5 '$ RVF TF TVNJOJTUSB FO TBMDIJDIPOFT EF NM

.VZ GÈDJM EF NBOFKBS /P TF SFRVJFSF OJOHÞO FTGVFS[P GÓTJDP VTP QFSNBOFOUF OP USBCBKBS EF SPEJMMBT n FYJØO USBTFSB FUD -B BQMJDBDJØO EFM BEIFTJWP QVFEF TFS WFDFT NÈT SÈQJEB RVF DPO VOB QBMFUB DPOWFODJPOBM %JTUSJCVDJØO VOJGPSNF EFM BEIFTJWP "QMJDBDJØO MJNQJB 3ÈQJEP Z GÈDJM EF MJNQJBS .VZ SÈQJEP Z GÈDJM EF SFDBSHBS

1SFTFOUBDJØO $BKB EF NBEFSB BNBSJMMB


1JTUPMBT .BOVBMFT

1JTUPMB /FVNÈUJDB

6/*7&34""SNB[ØO 5VCP DFSSBEP NFUÈMJDP $BSUVDIP Z 4BMDIJDIØO EF DD

1*450-" /&6.«5*$" 4"-$)*$)»/ $$

4*," 1*450-&5 4 "SNB[ØO NFUÈMJDP $BSUVDIP EF DD

1*450-" /&6.«5*$" $"356$)0 $$

4"-$)*$)»/ DD "SNB[ØO 5VCP NFUÈMJDP DFSSBEP 4BMDIJDIØO EF DD

1JTUPMBT "ODIPSm Y 1*450-" "/$)03'*9 .&5«-*$"

1JTUPMB 4JLB #PPN 1*450-" .&5"-*$" 4*," #00.

1*450-" 4*," #00. ( %*41&/4&3


.FKPSBS NPSUFSPT DPO BEJUJWPT QÈ

H

.FKPSBS IPSNJHPOFT DPO BEJUJWPT QÈ

H

*NQFSNFBCJMJ[BDJØO EF TØUBOPT Z FMFNFOUPT FOUFSSBEPT

QÈH

*NQFSNFBCJMJ[BDJØO Z USBUBNJFOUP EF GBDIBEBT

QÈH

*NQFSNFBCJMJ[BDJØO EF DVCJFSUBT QÈ *NQFSNFBCJMJ[BDJØO EF EFQØTJUPT EF BHVB QJTDJOBT FUD

H QÈH

5SBUBNJFOUP EF m TVSBT QÈ

H

3FQBSBDJØO EF FTUSVDUVSBT QÈ

H

4FMMBEP EF KVOUBT QÈ

H

5SBUBNJFOUP EF QBWJNFOUPT QÈ

H

3FMMFOPT BODMBKFT Z m KBDJPOFT QÈ

H

1FHBEP Z VOJØO EF FMFNFOUPT EF DPOTUSVDDJØO 1FHBEP Z SFKVOUBEP EF QJF[BT DFSÈNJDBT QÈ

QÈH H

(VÓB SÈQJEB EF TPMVDJPOFT

¶OEJDF (VÓB SÈQJEB EF TPMVDJPOFT



(VÓB SÈQJEB

4JLB7JTDP#POE

4JLB$JN 'JCSBT

4JLB -BUFY

4JLBNPS "

„

4JLBNPS (

„

4JLBOPM .

„

4JLB$JN "OUJDPOHFMBOUF

4JLB$JN *NQFSNFBCJMJ[BOUF

FO QJTDJOBT EFQØTJUPT GBDIBEBT QBSFEFT TØUBOPT y

4JLB

*NQFSNFBCJMJ[BS NPSUFSPT QBSB SFWPDPT Z FOGPTDBEPT

4VQFS 4JLBMJUF

4JLBUBSE

0MFPQMBTU

4JLB B

53"#"+0 " 3&"-*;"3

4JLB

-" 40-6$*»/

„

3FUBSEBS FM GSBHVBEP QBSB QVFTUB FO PCSB QSPMPOHBEB „

EFM NPSUFSP 3FKVOUBEP BTJFOUP EF GÈCSJDB EF MBESJMMP FOGPTDBEPT y

"DFMFSBS FM GSBHVBEP Z FOEVSFDJNJFOUP EFM NPSUFSP QBSB FTUBODBS m MUSBDJPOFT Z WÓBT EF BHVB &O USBCBKPT TVNFSHJEPT P SÈQJEB FOUSBEB FO DBSHBT .FKPSBS MB USBCBKBCJMJEBE Z SFEVDJS FM BHVB EF BNBTBEP EF NPSUFSPT FO FOGPTDBEPT SFWPDPT

„

„

„

„

„

„

„

.FKPSBS MB BEIFSFODJB Z SFTJTUFODJBT FO NPSUFSPT &OGPTDBEPT SFWFTUJNJFOUPT SFQBSBDJPOFT TPMBEPT BMJDBUBEPT

3FEVDDJØO EF MB m TVSBDJØO QPS SFUSBDDJØO BVNFOUP EF MB USBCBKBCJMJEBE NFKPSB SFTJTUFODJB BM JNQBDUP

„

„

„

„

„

(VÓB SÈQJEB EF TPMVDJPOFT

.FKPSBS NPSUFSPT DPO BEJUJWPT MÓRVJEPT Z FO QPMWP


.FKPSBS IPSNJHPOFT DPO BEJUJWPT (VÓB SÈQJEB

„

„

„

4JLB 'JCFS .

4FQBSPM & 7FHFUBM

"OUJTPM &

4JLB %FTFODPGSBOUF -/

SFTJTUFODJBT

4JLB %FTFODPGSBOUF %

)PSNJHPOBS FO UJFNQP DBMVSPTP BTFHVSBOEP USBCBKBCJMJEBE QSPMPOHBEB Z CVFOBT

4JLBNFOU ''

53"#"+0 " 3&"-*;"3

4JLBNFOU 3

-" 40-6$*»/

„

.FKPSBS MB USBCBKBCJMJEBE Z SFEVDDJØO EF BHVB EF BNBTBEP EF IPSNJHPOFT QBSB TVQFSm DJFT WJTUBT EF BMUB DBMJEBE FMFNFOUPT EFMHBEPT DPO HSBO EFOTJEBE EF BSNBEVSBT FTUSJCPT QJMBSFT NVSPTy

&WJUBS MB EFTFDBDJØO EFM IPSNJHØO Z FO DPOTUSVDDJPOFT EF IPSNJHØO BSNBEP Z QSFUFOTBEP DVCJFSUBT NVSPT EF DPOUFODJØO WJHBT QJMBSFT MPTBT %FTFODPGSBS FODPOGSBEPT EF UPEP UJQP BCTPSCFOUFT NFUÈMJDPT OP BCTPSCFOUFT 3FEVDDJØO EF MB m TVSBDJØO QPS SFUSBDDJØO

„

„

„


(VÓB SÈQJEB

4JLBMBTUJD +BSEJOFSBT

4JLBMBTUJD %8

(BNB 4JLB -BN %SBJO

„

4JLB .FNCSBOB

„

4JLB B

„

4JLB

„

*HPMBUFY

„

#JUVTPM

4JLB 4FBM "

„

*HPM "

4JLB .POPUPQ 4FBM

„

4JLB B .PSUFSP 3ÈQJEP

4JLB 5PQ 4FBM

53"#"+0 " 3&"-*;"3

4JLB 5PQ

-" 40-6$*»/

*NQFSNFBCJMJ[BDJØO QPS *OUSBEØT 'PTPT EF BTDFOTPS HBSBKFT FOUFSSBEPT TØUBOPT MPDBMFT CBKP UJFSSB QJTDJOBT EFQØTJUPT EF BHVB

*NQFSNFBCJMJ[BDJØO QPS FM 5SBTEØT 4ØUBOPT MPDBMFT CBKP UJFSSB QJTDJOBT EFQØTJUPT KBSEJOFSBT

$PSUFT EF WÓBT EF BHVB

„

4ØUBOPT HBSBKFT MPDBMFT CBKP UJFSSB DPSUFT EF WÓBT EF BHVB

1SPUFDDJØO Z %SFOBKF

„

„

„

„

4ØUBOPT FMFNFOUPT FOUFSSBEPT MPDBMFT CBKP UJFSSB

*NQFSNFBCJMJ[BDJØO EF EFQØTJUPT EF BHVB QPUBCMF

„

„

„

(VÓB SÈQJEB EF TPMVDJPOFT

*NQFSNFBCJMJ[BDJØO Z QSPUFDDJØO EF TØUBOPT Z FMFNFOUPT FOUFSSBEPT


*NQFSNFBCJMJ[BDJØO Z USBUBNJFOUP EF GBDIBEBT (VÓB SÈQJEB

4JLBHVBSE 4 8

4JLBm MM

4JLB$PMPS 8

4JLB$PMPS %FDPS &YUFSJPS

4JLB$PMPS 1MVT

4JLB.VS

4JLB 3FQ

4JLB .POPUPQ 4FBM o 4JLB .POPUPQ

4JLB 5PQ

4JLB 5PQ

53"#"+0 " 3&"-*;"3

4JLB 5PQ

-" 40-6$*»/

3FWFTUJNJFOUPT EF QSPUFDDJØO F JNQFSNFBCJMJ[BDJØO

.PSUFSPT $FNFOUPTPT

&OGPTDBEPT EF 3FHVMBSJ[BDJØO

1SPUFDDJØO Z BDBCBEP FTUÏUJDP EF GBDIBEBT TJO NPEJm DBS MB UFYUVSB TVQFSm DJBM &OGPTDBEPT EF *NQFSNFBCJMJ[BDJØO &OGPTDBEPT JNQFSNFBCMFT FO DBQB m OB

&OGPTDBEP DPOUSB MB IVNFEBE QPS DBQJMBSJEBE &OGPTDBEPT RVF SFEV[DBO MB BQBSJDJØO EF Fn VPSFTDFODJBT

1JOUVSBT EF QSPUFDDJØO EFDPSBUJWB 1SPUFDDJØO Z BDBCBEP FTUÏUJDP EF GBDIBEBT Z FMFNFOUPT EF IPSNJHØO TJO NPEJm DBS MB UFYUVSB TVQFSm DJBM

)JESPGVHBDJØO 'BDIBEBT EF MBESJMMP IPSNJHØO NPSUFSP EF DFNFOUP m CSPDFNFOUP FUD

*NQFSNFBCJMJ[BDJØO EF QBSFEFT NFEJBOFSBT 1SPUFDDJØO EF QBSFEFT NFEJBOFSBT DPOUSB m MUSBDJPOFT EF BHVB EF FTDPSSFOUÓB 5SBUBNJFOUP EF MMBHBT EF MPT MBESJMMP 3FHFOFSBDJØO EF MBT MMBHBT EF MPT MBESJMMPT FO GBDIBEBT


(VÓB SÈQJEB

1PMJVSFUBOPT

4JLB .VMUJ4FBM &

-ÈNJOBT 4JLB %BO

4JLB .FNCSBOB

4JLBMBTUJD 5$

4JLBMBTUJD

4JLBMBTUJD 5

4JLB#POE 5

4JLB-BTUJD

4JLBn PPS / &MBTUJD

4JLB-BTUJD

53"#"+0 " 3&"-*;"3

4JLBm MM 'JCSBT

-" 40-6$*»/

-ÈNJOBT

*NQFSNFBCJMJ[BDJØO EF DVCJFSUBT 5FSSB[B EF CBMEPTÓO DBUBMÈO m CSPDFNFOUP [JOD BMVNJOJP NBEFSB UFKBT NPSUFSP IPSNJHØO FUD

„

„

„

*NQFSNFBCJMJ[BDJØO EF DVCJFSUBT EF UFKB

„

„

„

*NQFSNFBCJMJ[BDJØO DPNQMFNFOUBSJB CBKP MBT UFKBT

„

„

„

5SBUBNJFOUP EF QVOUPT TJOHVMBSFT «OHVMPT BSJTUBT BSSBORVF EF DIJNFOFBT UFKBT QMBDBT EF m CSPDFNFOUP MVDFSOBSJPT WJESJFSBT FUD

*NQFSNFBCJMJ[BDJØO Z SFOPWBDJØO EF UFSSB[BT Z CBMDPOFT

„

„

„

„

„

(VÓB SÈQJEB EF TPMVDJPOFT

*NQFSNFBCJMJ[BDJØO Z QSPUFDDJØO EF DVCJFSUBT


*NQFSNFBCJMJ[BDJØO Z SFQBSBDJØO EF EFQØTJUPT EF BHVB Z QJTDJOBT (VÓB SÈQJEB

.PSUFSPT $FNFOUPTPT

*NQFSNFBCJMJ[BDJØO EF EFQØTJUPT EF BHVB QPUBCMF

3FWFTUJNJFOUP DFNFOUP

*NQFSNFBCJMJ[BDJØO EF QJTDJOBT

4JLB $FSBN JOUFSJPSFT

4JLB $FSBN

1FHBEP EF HSFTJUF Z QMBRVFUBT FO QJTDJOBT "TQFDUP EF BDBCBEP FTUÏUJDP

.PSUFSPT $PMB

3FWFTUJNJFOUPT

*NQFSNFBCJMJ[BDJØO EF EFQØTJUPT EF BHVB

4JLBMBTUJD %8

4JLBHVBSE 1JTDJOBT

4JLB 5PQ 41

4JLB .POPUPQ 4FBM

4JLB 5PQ 4FBM

53"#"+0 " 3&"-*;"3

4JLB 5PQ

-" 40-6$*»/


(VÓB SÈQJEB

3FMMFOP EF m TVSBT Z HSJFUBT DPO NPWJNJFOUP NFEJBOUF NBTJMMBT FMÈTUJDBT

4JLB 'JMMFS 'JCSBT

4JLB 4FBM 5BQF4

4JLB 5PQ

4JLB 5PQ 4FBM

.PSUFSPT $FNFOUPTPT

.BTJMMBT

5SBUBNJFOUP EF m TVSBT WJWBT

4JLB .POPUPQ

4JLB .POPUPQ

4JLBn FY 1SP )1

4JLBn FY '$

4JLBn FY "5

53"#"+0 " 3&"-*;"3

4JLBn FY "5 $POFDUJPO

-" 40-6$*»/

1BTUBT

$JOUBT

5SBUBNJFOUP EF m TVSBT NVFSUBT

3FMMFOP EF m TVSBT Z HSJFUBT TJO NPWJNJFOUP NFEJBOUF NPSUFSPT QSFQBSBEPT SFTJOBT FQPYJ P QBTUBT BDSÓMJDBT

3FQBSBDJØO EF m TVSBDJØO TVQFSm DJBM

3FQBSBDJØO EF m TVSBDJØO NÞMUJQMF EF QFRVF×BT EJNFOTJPOFT TPCSF TPQPSUFT EF IPSNJHØO NPSUFSP FUD

5SBUBNJFOUP EF m TVSBT NVFSUBT FO TPQPSUF EF ZFTP P FTDBZPMB

3FMMFOP Z SFQBSBDJØO TVQFSm DJBM FO TPQPSUFT EF ZFTP FTDBZPMB UFMBT FUD

5SBUBNJFOUP EF m TVSBT FO FODVFOUSPT NVSP NVSP NVSP TPMFSB FUD

(VÓB SÈQJEB EF TPMVDJPOFT

5SBUBNJFOUP EF m TVSBT


3FQBSBDJØO EF FTUSVDUVSBT (VÓB SÈQJEB

3FQBSBDJØO EF FTUSVDUVSB DPO NPSUFSPT DFNFOUPTPT 3FQBSBDJØO EF FTUSVDUVSB DPO NPSUFSPT FO DBQB HSVFTB

"QMJDBDJØO EF NPSUFSPT FO DBQB m OB 3FQBSBDJØO EF DPRVFSBT Z OJEPT EF HSBWB 3FQBSBDJØO EF IPSNJHØO NFEJBOUF NPSUFSPT EF SFTJOB

4JLB .POPUPQ 4

4JLBEVS .PSUFSP

4JLB .JOJQBDL .PSUFSP EF 3FQBSBDJØO

4JLB 3FQ $PTNFUJD

4JLB .POPUPQ

4JLB 5PQ .BTB QBSB &TQBUVMBS

4JLB .POPUPQ

1VFOUF EF VOJØO

4JLB .POPUPQ

4JLB .POPUPQ

4JLB .POPUPQ

4JLB .POPUPQ 4

1BTJWBDJØO EF BSNBEVSBT

53"#"+0 " 3&"-*;"3

4JLB 5PQ

4JLB 5PQ "SNBUFD &QP$FN

-" 40-6$*»/


(VÓB SÈQJEB

.BTJMMBT EF QPMJVSFUBOP

#BOEBT QSFGPSNBEBT

.BTJMMB 1FSm MFT Z NBTJMMBT BDSÓMJDB IJESPFYQBOTJWPT

4JLBTJM 1PPM

4JLBn FY "5 'BÎBEF

4JLBn FY "5 $POOFDUJPO

4BOJTJM

4JLB 'JMMFS

4JLBTJM 41

4JLBTJM #SJDP

4JLB4XFMM 4

4JLBDSZM 4

*HBT $PSEPO

4JLB 4FBM 5BQF4

$JOUBT 4JLB EF 17$

4JLB .VMUJ4FBM &

4JLBn FY 1SP )1

53"#"+0 " 3&"-*;"3

4JLBn FY '$

-" 40-6$*»/

.BTJMMB "5

4JMJDPOBT

4FMMBEP EF KVOUBT EF EJMBUBDJØO DPO NBTJMMBT 4FMMBEP FMÈTUJDP F JNQFSNFBCMF EF KVOUBT FOUSF UBCJRVFT TVFMPT GÈCSJDB DBOBMFT EFQØTJUPT UVCFSÓBT FUD

4FMMBEP EF KVOUBT EF VOJØO 1VOUPT TJOHVMBSFT DPNP ÈOHVMPT BSJTUBT DIJNFOFBT UFKBT QMBDBT EF m CSPDFNFOUP MVDFSOBSJPT WJESJFSBT FUD

&TUBORVFJEBE EF KVOUBT DPO $JOUBT

4FMMBEP EF KVOUBT DPO QPDP P OVMP NPWJNJFOUP +VOUBT WFSUJDBMFT V IPSJ[POUBMFT DPO QPDP P OVMP NPWJNJFOUP FO DVCJFSUBT EF m CSPDFNFOUP UFSSB[BT NVSPT GBDIBEBT QSFGBCSJDBEPT TPMFSBT CBKBOUFT BMCBMJ×FSÓBT FUD

4FMMBEP EF KVOUBT TJO NPWJNJFOUP DPO QFSm MFT IJODIBCMFT 4FMMBEP EF KVOUBT FO DPOUBDUP QFSNBOFOUF DPO BHVB FO FMFNFOUPT QSFGBCSJDBEPT KVOUBT EF IPSNJHPOBEP FODVFOUSPT NVSP TPMFSB FMFNFOUPT QBTBOUFT FUD

4FMMBEPT FTQFDÓm DPT 4FMMBEP FMÈTUJDP EF FYUFSJPS EF WFOUBOBT Z BDSJTUBMBNJFOUPT CSJDPMBHF DPDJOBT JOTUBMBDJPOFT EF BHVB DBMJFOUF Z WFOUJMBDJØO JOEVTUSJB FMÏDUSJDB BQBSBUPT TBOJUBSJPT FUD

4FMMBEPT EF KVOUBT FO QJTDJOBT Z [POBT FO DPOUBDUP QFSNBOFOUF DPO BHVB

(VÓB SÈQJEB EF TPMVDJPOFT

4FMMBEP EF KVOUBT


5SBUBNJFOUP EF QBWJNFOUPT (VÓB SÈQJEB

3FWFTUJNJFOUPT

3FWFTUJNJFOUP EF QBWJNFOUPT DPO TPMJDJUBDJPOFT NFEJBT CBKBT (BSBKFT UBMMFSFT DBEFOBT EF NPOUBKF GÈCSJDBT OBWFT JOEVTUSJBMFT FUD

1BSDIFP EF CBDIFT F JSSFHVMBSJEBEFT EF QBWJNFOUPT BTGÈMUJDPT Z CJUVNJOPTPT

„

„

„

"HMPNFSBEP BTGÈMUJDP

.PSUFSPT DFNFOUPTPT

„

„

4JLBDSFUF 4$$

4JLB 'BTU'JY

4JLB 'BTU'JY 51

4JLB -FWFM

4JLB -FWFM

4JLB #JUVNJY

4JLBn PPS

4JLBn PPS

4JLBn PPS

53"#"+0 " 3&"-*;"3

4JLBn PPS 8

-" 40-6$*»/

„

/JWFMBDJØO EF TVFMPT /JWFMBDJØO EF QFRVF×BT Z HSBOEFT TVQFSm DJFT SFHVMBSJ[BDJØO EF CBDIFT Z EFTDPODIPOFT GPSNBDJØO EFM QMBOP EF BQPZP QBSB SFWFTUJNJFOUPT EF TVFMPT DPO SFWFTUJNJFOUPT QPTUFSJPSFT FUD

„

„

„

3FDSFDJEP EF TPMFSBT EF IPSNJHØO 1BSDIFP EF CBDIFT FO QBWJNFOUPT DFNFOUPTPT

„

„


(VÓB SÈQJEB

3FTJOBT .PSUFSPT

(BNB 4JLB#PPN

4JLB 'BTU 'JY 51

4JLB .JOJQBDL .PSUFSP QBSB 'JKBDJPOFT

4JLB B .PSUFSP 3ÈQJEP

4JLB (SPVU

4JLB "ODIPSm Y

4JLB "ODIPSm Y

4JLB "ODIPSm Y

4JLBEVS

53"#"+0 " 3&"-*;"3

4JLBEVS "ODMBKFT

-" 40-6$*»/

$FNFOUPTPT

"ODMBKF EF QFSOPT Z CVMPOFT FO TVFMP DPO NPSUFSPT B CBTF EF SFTJOBT FQPYJ 'JKBDJØO EF QFSOPT Z BODMBKFT FO TVQFSm DJFT IPSJ[POUBMFT BODMBKFT EF BSNBEVSBT FO IPSNJHØO FO FM QMBOP IPSJ[POUBM SFMMFOP CBKP QMBDBT EF BQPZP FO QVFOUFT P CBODBEBT EF NÈRVJOBT

„

"ODMBKF FO QBSFEFT Z UFDIPT EF QFSOPT Z CVMPOFT DPO SFTJOBT

„

'JKBDJØO EF QFSOPT Z BODMBKFT FO TVQFSm DJF WFSUJDBM BODMBKFT EF BSNBEVSBT FO FM IPSNJHØO FO TVQFSm DJF WFSUJDBM

„

„

3FMMFOP DPO NPSUFSP BVUPOJWFMBOUF B CBTF EF DFNFOUP 3FMMFOP QPS WFSUJEP CBKP QMBDBT EF BQPZP Z SFQBSUP CBODBEBT EF NÈRVJOBT BODMBKFT EF FMFNFOUPT NFUÈMJDPT Z EF IPSNJHØO DPMVNOBT QSFGBCSJDBEBT SFMMFOP EF HSJFUBT Z PRVFEBEFT DPOm OBEBT FO FM JOUFSJPS EF MB NBTB EF IPSNJHØO

„

„

'JKBDJPOFT SÈQJEBT 'JKBDJPOFT SÈQJEBT EF NBSDPT QBUJMMBT EF BODMBKFT SFGVFS[PT EF NBSDPT EF QVFSUBT Z WFOUBOBT BTFHVSBNJFOUP EF UPSOJMMPT QFSOPT UVCFSÓBT FUD

3FMMFOP EF IVFDPT KVOUBT FUD DPO FTQVNBT EF QPMJVSFUBOP

„

„

„

„

„

(VÓB SÈQJEB EF TPMVDJPOFT

3FMMFOPT BODMBKFT Z m KBDJPOFT


1FHBEP Z VOJØO EF FMFNFOUPT EF DPOTUSVDDJØO (VÓB SÈQJEB

1PMJVSFUBOP

"EIFTJWPT EF $POUBDUP

3FTJOBT

4JLB#POE "5 6OJWFSTBM

4JLB#POE "5 .FUBM

(BNB 4JLB 5BQF

4JLB #POE '-*0

4JLB#POE 5VCFSÓBT

4JLB#POE &

4JLB#POE 2

4JLBEVS /

4JLB .VMUJLJU

4JLBEVS

4JLBn FY '$

4JLB#POE 5 '$ 5 5

4JLB#POE 5 '$ 5

4JLB#POE 5

53"#"+0 " 3&"-*;"3

4JLB#POE 5

-" 40-6$*»/

$JOUBT

1FHBEP &MÈTUJDP 1BOFMFT EF SFDVCSJNJFOUP JOUFSJPS BMGÏJ[BSFT EF WFOUBOBT BQPZPT EF UBCJRVFT EF TFQBSBDJØO QFMEB×PT EF FTDBMFSBT DBSUFMFT EF QVFSUBT Z MFUSFSPT QFHBEP FTUSVDUVSBM EF QJF[BT QSFGBCSJDBEBT

1FHBEP 3ÓHJEP 1FHBEP FOUSF TJ P B PUSBT TVQFSm DJFT EF FMFNFOUPT QSFGBCSJDBEPT EF IPSNJHØO EPWFMBT QJMBSFT WJHBT CPSEJMMP BEIFTJWPT EF QMBDBT DFSÈNJDBT Z QBOFMFT MJHFSPT BEIFTJWP EF SFGVFS[PT NFUÈMJDPT BM IPSNJHØO FUD

1FHBEPT 7BSJPT 1FHBEP FMÈTUJDP P SÓHJEP DPNP m KBDJØO EF [ØDBMPT SPEBQJÏT DVCSFKVOUBT B[VMFKPT UFKBT DPDJOBT Z GSFHBEFSPT NFUÈMJDPT JOTUBMBDJPOFT EF BHVB Z BJSF BDPOEJDJPOBEP DB×FSÓBT FUD

1FHBEP EF )PSNJHØO

6OJØO NPOPMÓUJDB EF IPSNJHPOFT FOEVSFDJEPT DPO GSFTDPT Z FO KVOUBT EF IPSNJHPOBEP

1FHBEP EF UVCPT EF 17$

1FHBEP EF UVCFSÓBT EF 17$ SÓHJEP UBOUP EF TBOFBNJFOUP DPNP TPNFUJEBT B QSFTJØO

1FHBEP EF FMFNFOUPT EJWFSTPT EF QPDB SFTQPOTBCJMJEBE 1FHBEP EF QBWJNFOUPT EF NBEFSB


(VÓB SÈQJEB

1FHBEP EF QJF[BT DFSÈNJDBT EF QBTUB SPKB Z CMBODB QPSDFMÈOJDP HSFT FYUSVTJPOBEP HSFT NPOPDPDDJØO NPTBJDPT FUD TPCSF TPQPSUFT EF NPSUFSP IPSNJHØO QJFESB Z MBESJMMP

"EIFTJWP FO EJTQFSTJØO 1FHBEP EF QJF[BT EF QBTUB SPKB Z CMBODB HSFT FYUSVTJPOBEP HSFT NPOPDPDDJØO NPTBJDPT FUD TPCSF TPQPSUFT EF NPSUFSP IPSNJHØO DBSUØO ZFTP NBEFSB BMJDBUBEPT BOUJHVPT FUD

"EIFTJWP 3FBDUJWP 1FHBEP EF QJF[BT DFSÈNJDBT QJFESB OBUVSBM P BSUJm DJBM QMBDBT NFUÈMJDBT FUD TPCSF IPSNJHØO NPSUFSP MBESJMMP P TPCSF TPQPSUFT OP BCTPSCFOUFT DPNP BDFSP WJESJP FUD QBSB QMÈTUJDPT IBDFS FOTBZPT

"EIFTJWP &MÈTUJDP *NQFSNFBCJMJ[BDJØO EF UFSSB[BT Z CBMDPOFT TJO OFDFTJEBE EF RVJUBS FM SFWFTUJNJFOUP FYJTUFOUF QFHBEP FMÈTUJDP TPCSF TVQFSm DJFT IPSJ[POUBMFT EF SFWFTUJNJFOUPT DFSÈNJDPT

1BSBNFOUPT 7FSUJDBMFT 1BSBNFOUPT )PSJ[POUBMFT 1BSBNFOUPT 7FSUJDBMFT 1BSBNFOUPT )PSJ[POUBMFT 1BSBNFOUPT 7FSUJDBMFT 1BSBNFOUPT )PSJ[POUBMFT 1BSBNFOUPT 7FSUJDBMFT 1BSBNFOUPT )PSJ[POUBMFT

*OUFSJPS &YUFSJPS

„

„

„

4JLB $FSBN 1PSDFMÈOJDP

4JLB#POE 5

4JLB $FSBN

„

4JLB $FSBN

„

4JLB $FSBN

„

4JLB $FSBN 'MFY 4VFMPT

4JLB $FSBN 'MFYJCMF

.PSUFSP DPMB $FNFOUPTP

4JLB $FSBN $BQB (SVFTB

53"#"+0 " 3&"-*;"3

4JLB $FSBN *OUFSJPSFT

-" 40-6$*»/

„

*OUFSJPS

„

„

„

„

„

„

&YUFSJPS

„

„

„

„

„

„

*OUFSJPS

„

&YUFSJPS *OUFSJPS &YUFSJPS *OUFSJPS

„

&YUFSJPS

„

*OUFSJPS

„

&YUFSJPS

„

*OUFSJPS &YUFSJPS *OUFSJPS

„

&YUFSJPS

„

(VÓB SÈQJEB EF TPMVDJPOFT

1FHBEP Z SFKVOUBEP EF QJF[BT DFSÈNJDBT


.PSUFSPT DPO BEJUJWPT QÈ .PSUFPT DPO "EJUJWPT EF 'SBHVBEP 3ÈQJEP

H QÈH

.PSUFSPT DFNFOUPTPT QÈ

H

.PSUFSPT FQPYJ UJYPUSØQJDPT QÈ

H

.PSUFSPT QPSØHFOPT QÈ

H

1BTUB BVUPOJWFMBOUF QÈ

H

3FWFTUJNJFOUPT &MÈTUJDP JNQFSNFBCMF 1

ÈH

$FNFOUPTP 1

ÈH

"OUJDPSSPTJØO 1

ÈH

$BVDIP BDSÓMJDP QÈ

H

1JOUVSBT CJUVNJOPTBT QÈ

H

*NQSFHOBDJPOFT IJESØGVHBT QÈ

H

"EIFTJWPT $FNFOUPTPT QBSB DFSÈNJDB QÈ

H

&O EJTQFSTJØO QBSB DFSÈNJDB QÈ

H

&MÈTUJDPT QÈ

H

" CBTF EF SFTJOBT FQPYJ QÈ

H

" CBTF EF SFTJOBT TJOUÏUJDBT QÈ

H

1BSB 17$ QÈ

H

.BTJMMBT QBSB m TVSBT Z HSJFUBT QÈ

H

1BTUB FQPYJ NPMEFBCMF QÈ

H

3FTJOB QBSB VOJØO EF IPSNJHØO QÈ

H

"HMPNFSBEP BTGÈMUJDP FO GSÓP QÈ

H

1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT

¶OEJDF 1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT


1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT .PSUFSPT DPO "EJUJWPT 13&1"3"$*»/ "EJUJWPT MÓRVJEPT

1SFQBSBDJØO EFM NPSUFSP NF[DMB EF DFNFOUP Z BSFOB

.F[DMB EFM BEJUJWP Z FM BHVB

.F[DMB EFM MÓRVJEP EF BNBTBEP Z FM NPSUFSP

"NBTBEP EF MB NF[DMB

4F B×BEF B MB NF[DMB MB BSFOB EF SÓP

4F B×BEF FM BHVB OFDFTBSJB QBSB FM BNBTBEP

"NBTBEP EF MB NF[DMB

"EJUJWPT FO QPMWP

.F[DMB EFM DFNFOUP Z FM BEJUJWP

"1-*$"$*»/ &M TPQPSUF EFCF FTUBS TBOP MJNQJP FYFOUP EF HSBTBT Z QBSUFT NBM BEIFSJEBT

)VNFEFDFS FM TPQPSUF

"QMJDBDJØO EF MB QSJNFSB NBOP DPO MMBOB

$PMPDBS MB NBMMB BOUJBMDBMJOB PQDJPOBM "QMJDBDJØO EF MB TFHVOEB NBOP &TQFSBS VOB TFNBOB QBSB FOUSBS FO DBSHB


1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT

1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT .PSUFSPT DPO "EJUJWPT EF 'SBHVBEP 3ÈQJEP 13&1"3"$*»/ "EJUJWPT EF GSBHVBEP SÈQJEP

7FSUJEP EFM BEJUJWP

"NBTBEP

7FSUJEP EFM DFNFOUP

"1-*$"$*»/ 1SPDFTP EF BQMJDBDJØO QBSB DPSUF EF WÓB EF BHVB

&TUBEP EFM TPQPSUF

3FDPHFS FM BHVB QPS VO UVCP EF ESFOBKF *NQFSNFBCJMJ[BS FM TPQPSUF m KBEP DPO VO NPSUFSP SÈQJEP

5BQPOBS MB WÓB EF BHVB

"TFHVSBS FM UBQPOBNJFOUP

&TUBEP m OBM


1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT .PSUFSPT $FNFOUPTPT 13&1"3"$*»/ %F DPNQPOFOUF %F DPNQPOFOUFT

7FSUJEP EFM BHVB EF BNBTBEP FO FM QSPEVDUP

4BDBS FM DPNQPOFOUF "

7FSUJEP EFM DPNQPOFOUF " TPCSF FM #

)PNPHFOFJ[BDJØO EF MB NF[DMB

"1-*$"$*»/

)VNFEFDFS FM TPQPSUF

"QMJDBDJØO EF MB QSJNFSB NBOP DPO MMBOB $PMPDBS MB NBMMB BOUJBMDBMJOB PQDJPOBM "QMJDBDJØO EF MB TFHVOEB NBOP &TQFSBS VOB TFNBOB QBSB FOUSBS FO DBSHB

.PSUFSPT &QPYJ 5JYPUSØQJDPT 13&1"3"$*»/ %F DPNQPOFOUF %F DPNQPOFOUFT

7FSUJEP EFM DPNQPOFOUF # TPCSF FM "

)PNPHFOFJ[BDJØO

7FSUJEP EFM DPNQPOFOUF $ TPCSF MB NF[DMB " #

)PNPHFOFJ[BDJØO DPNQMFUB

"QMJDBDJØO EFM QSPEVDUP TPCSF JNQSJNBDJØO GSFTDB

5FSNJOBDJØO &TQFSBS IPSBT QBSB TV QVFTUB FO TFSWJDJP

"1-*$"$*»/

*NQSJNBDJØO DPO 4JLBn PPS


1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT

1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT .PSUFSPT 1PSØHFOPT 13&1"3"$*»/

7FSUJEP EFM BHVB EF BNBTBEP FO VO SFDJQJFOUF EF GPOEP Z CPDB BODIP

7FSUFS FM QSPEVDUP MFOUBNFOUF

)PNPHFOFJ[BDJØO EF MB NF[DMB

"QMJDBS MB QSJNFSB NBOP EFM QSPEVDUP NVZ n VJEP Z VOB TFHVOEB NBOP IBTUB DN EF FTQFTPS UPUBM

5FSNJOBDJØO DPO VO GSBUÈT EF NBEFSB

13&1"3"$*»/

)VNFEFDFS FM TPQPSUF

1BTUB "VUPOJWFMBOUF 13&1"3"$*»/

7FSUJEP EFM QSPEVDUP B MB DBOUJEBE OFDFTBSJB EF BHVB EF BNBTBEP

"1-*$"$*»/

)PNPHFOFJ[BDJØO EFM NPSUFSP

7FSUJEP EFM QSPEVDUP TPCSF MB TVQFSm DJF B OJWFMBS

4J TF RVJFSF TF QVFEF FMJNJOBS FM BJSF PDMVJEP DPO VO SPEJMMP EF NÈT OP FT FTUSJDUBNFOUF OFDFTBSJP

4F QVFEF DPMPDBS QBSRVÏ V PUSP SFWFTUJNJFOUP B MBT IPSBT FODJNB

"1-*$"$*»/

"ZVEBS BM FYUFOEJEP EFM QSPEVDUP DPO VOB MMBOB


1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT 3FWFTUJNJFOUP &MÈTUJDP *NQFSNFBCMF

&M QSPEVDUP TF BQMJDB QPS WFSUJEP TPCSF FM TPQPSUF

%BS VOB QSJNFSB DBQB DPOUÓOVB DPO MB QBSUF MJTB EF MB MMBOB 4JSWF EF DBQB EF SFHVMBDJØO

%BS VOB TFHVOEB DBQB DPO MB QBSUF EFOUBEB EF MB MMBOB FO EJSFDDJØO QFSQFOEJDVMBS B MB QSJNFSB

4J WB B DPMPDBS VO SFWFTUJNJFOUP QPTUFSJPS "QMJDBS FM BEIFTJWP DPO VOB MBOB EFOUBEB 4F DPMPDB MB DFSÈNJDB P FM QBSRVFU DVBOEP DPO NPSUFSPT DPMB TF EFCF FTQPMWPSFBS TPCSF MB BOUFSJPS DBQB EFM QSPEVDUP FM QSPEVDUP BÞO FTUÈ GSFTDP BSFOB FO GSFTDP QBSB DSFBS BODMBKF

3FWFTUJNJFOUP $FNFOUPTP

.PSUFSP CJDPNQPOFOUF .F[DMBS MPT DPNQPOFOUFT " Z # .PSUFSP NPOPDPNQPOFOUF .F[DMBS DPO BHVB EF BNBTBEP

)VNFEFDFS FM TPQPSUF

"QMJDBDJØO EF MB QSJNFSB NBOP

"QMJDBDJØO EF MB TFHVOEB NBOP


1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT

1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT 3FWFTUJNJFOUP "OUJDPSSPTJØO 13&1"3"$*»/

4J VUJMJ[B VO QSPEVDUP NPOPDPNQPOFOUF WFSUFS FM BHVB EF BNBTBEP Z IPNPHFOFJ[BS FM NPSUFSP

&O FM DBTP EF NF[DMBEP EF QSPEVDUPT EF EPT DPNQPOFOUFT FYUSBFS MPT DPNQPOFOUFT " Z # WFSUFSMPT FO FM SFDJQJFOUF BQSPQJBEP Z BHJUBS 4FHVJEBNFOUF WFSUFS MB NF[DMB FO FM $PNQPOFOUF $ Z IPNPHFOFJ[BS MB NF[DMB

"1-*$"$*»/

-JNQJF[B EF UPEP FM ØYJEP QPS NFEJPT NBOVBMFT P NFDÈOJDPT

&TUBEP EFM TPQPSUF BSNBEVSBT MJNQJBT

&O BNCPT DBTPT BQMJDBS EPT NBOPT EFM QSPEVDUP TPCSF MB BSNBEVSB MJNQJB


1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT $BVDIP BDSÓMJDP

)PNPHFOFJ[BDJØO EFM QSPEVDUP

*NQSJNBDJØO EFM QSPEVDUP EJMVÓEP 6OB WF[ BQMJDBEB MB NBOP TF DPMPDB EF "QMJDBDJØO EF MBT TJHVJFOUFT DBQBT EF BHVB MB BSNBEVSB EF UFKJEP EF WJESJP "SNBm MM

1JOUVSBT CJUVNJOPTBT

&TUBEP EFM TPQPSUF TBOP MJNQJP "QFSUVSB EFM CPUF FYFOUP EF HSBTBT BDFJUFT QPMWP QBSUFT TVFMUBT P NBM BEIFSJEBT

)PNPHFOFJ[BDJØO EFM QSPEVDUP

*NQSJNBDJØO DPO FM QSPEVDUP EJMVJEP EF BHVB

&MJNJOBS FM QMÈTUJDP QSPUFDUPS

$PMPDBS QSFTJPOBOEP GVFSUFNFOUF

4J TF EFTFB TF QVFEF IBDFS VOB BQMJDBDJØO EF NBOFSB NFDÈOJDB DPO VOB TVMGBUBEPSB Q FK

/P DBNCJB FM BTQFDUP F JNQJEF MB QFOFUSBDJØO EFM BHVB

"1-*$"$*»/ %& #"/%"4 #*56.*/04"4 "650"%)&4*7"4

&TUBEP EFM TPQPSUF TFDP MJNQJP Z TJO QPMWP

.FEJS MB EJNFOTJØO B DPSUBS DPO MB MÈNJOB

*NQSFHOBDJPOFT IJESØGVHBT

7FSUJEP FO VO SFDJQJFOUF EF GPOEP Z "QMJDBDJØO EF MB TFHVOEB NBOP CPDB BODIB DVBOEP MB QSJNFSB FTUÏ BÞO GSFTDB


"EIFTJWPT DFNFOUPTPT QBSB $FSÈNJDB

7FSUJEP EFM QSPEVDUP TPCSF FM MÓRVJEP BNBTBEP P BHVB EF BNBTBEP

)PNPHFOFJ[BDJØO EF MB NF[DMB

"QMJDBDJØO FO WFSUJDBM

$PMPDBDJØO EF MB QMBRVFUB

"EIFTJWPT FO EJTQFSTJØO QBSB $FSÈNJDB {$».0 4& 1&(" -" $&3«.*$" $0/ "%)&4*704 &/ %*41&34*»/

&M TPQPSUF EFCF FTUBS TBOP DPNQBDUP MJNQJP Z FYFOUP EF QPMWP

4J GVFSB OFDFTBSJP TF BQMJDBSÈ MB JNQSJNBDJØO 4JLBª $FSBN DPO PCKFUP EF NFKPSBS MB BEIFSFODJB

$PO VOB MMBOB EFOUBEB TF FYUFOEFSÈ FM QSPEVDUP FO UPEB MB TVQFSm DJF &M 4JLBª $FSBN TF EFCF IPNPHFOFJ[BS QSFWJBNFOUF FO FM CPUF

'JOBMNFOUF EFCF DPMPDBS MB QJF[B DFSÈNJDB TPCSF FM QSPEVDUP BÞO GSFTDP

"QMJDBDJØO EFM BEIFTJWP

1FHBEP EF MB QJF[B

"EIFTJWPT FMÈTUJDPT

$PSUF EF MB CPRVJMMB

*OUSPEVDDJØO EFM DBSUVDIP FO MB QJTUPMB

1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT

1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT


1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT "EIFTJWPT B CBTF EF 3FTJOB &QPYJ

4BDBS FM DPNQPOFOUF # EFM CPUF EFM DPNQPOFOUF $

)PNPHFOFJ[BDJØO EF MPT DPNQPOFOUFT

7FSUJEP EFM DPNQPOFOUF $ TPCSF MB NF[DMB EF " #

)PNPHFOFJ[BDJØO DPNQMFUB

7FSUJEP EFM NPSUFSP

$PMPDBDJØO EF MB QJF[B &TQFSBS IPSBT QBSB TV FOUSBEB FO DBSHB

"EIFTJWPT B CBTF EF SFTJOBT TJOUÏUJDBT

*OUSPEVDDJØO EFM DBSUVDIP FO MB QJTUPMB

$PSUBS MB CPDB EFM DBSUVDIP

4F MJNQJB MB TBMJEB Z TF DPMPDB MB CPRVJMMB

-MFOBEP UPUBM EFM BHVKFSP

4F JOTFSUB FM FMFNFOUP EF BODMBKF DPO VOB SPUBDJØO EFM NJTNP

" MB IPSB ZB IB FOEVSFDJEP TVm DJFOUFNFOUF MB SFTJOB


"EIFTJWP QBSB 1 7 $

-JNQJBS FM UVCP

"QMJDBS FM BEIFTJWP FO MB [POB EF VOJØO &YUFOEFS FM BEIFTJWP

6OJS MPT UVCPT

.BTJMMBT QBSB m TVSBT Z KVOUBT

$PSUF EFM TBMDIJDIØO

*OUSPEVDDJØO EFM TBMDIJDIØO P DBSUVDIP 1FSGPSBDJØO EFM DBSUVDIP FO MB QJTUPMB

$PSUF EF MB CPRVJMMB FO GPSNB EF CJTFM B P

"QMJDBDJØO JOUFSJPS

&TUBEP EF MB KVOUB TFDB TBOB MJNQJB Z $PMPDBDJØO EFM 'POEP FYFOUB EF QBSUÓDVMBT TVFMUBT EF +VOUB 4JLB

3FUBDBEP EFM 'POEP EF +VOUB IBTUB MB QSPGVOEJEBE OFDFTBSJB

"QMJDBDJØO EF MB NBTJMMB

3FUJSBEB EFM FYDFTP EF QSPEVDUP

"MJTBEP EF MB NBTJMMB DPO MB NBOP IVNFEFDJEB FO BHVB KBCPOPTB Z FMJNJOBDJØO EF MB DJOUB BVUPBEIFTJWB

1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT

1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT


1SFQBSBDJØO Z BQMJDBDJØO EF QSPEVDUPT 1BTUB &QPYJ .PMEFBCMF

$PO VO DVDIJMMP TF DPSUB EF MB CBSSJUB MB $PO MBT NBOPT FOHVBOUBEBT TF NPMEFB 4F EFCF PCUFOFS VOB NF[DMB QBSUF RVF TF WBZB B VUJMJ[BS MB QBTUB DPO MPT EFEPT UPUBMNFOUF IPNPHÏOFB

$PO MBT NBOPT TF BQMJDB TPCSF MB QBSUF RVF TF EFTFF FKFSDJFOEP QSFTJØO DPO MPT EFEPT QBSB RVF BEIJFSB CJFO

3FTJOB QBSB VOJØO EF IPSNJHØO

7FSUJEP EFM DPNQPOFOUF # TPCSF FM "

)PNPHFOFJ[BDJØO EF MB NF[DMB

"QMJDBDJØO EFM QSPEVDUP

7FSUJEP EFM IPSNJHØO GSFTDP BOUFT EF RVF MB SFTJOB EF VOJØO IBZB FOEVSFDJEP UPUBMNFOUF

&YUFOEJEP Z DPNQBDUBDJØO DPO VO QJTØO

4F QVFEF EBS USÈm DP JONFEJBUBNFOUF QBSB MP RVF FT OFDFTBSJP FYQPMWPSFBS BMHP EF BSFOB RVF JNQJEB MB BEIFSFODJB FOUSF OFVNÈUJDP Z BHMPNFSBEP

"HMPNFSBEP BTGÈMUJDP FO GSÓP

"QMJDBDJØO TPCSF FM CBDIF MJNQJP EF MB 7FSUJEP EFM QSPEVDUP TPCSF JNQSJNBDJØO *HPM " MB JNQSJNBDJØO GSFTDB


" UV BMDBODF 1SPEVDUPT QSPGFTJPOBMFT 4JLB TJFNQSF PGSFDF DBMJEBE Z FYQFSJFODJB QBSB DVBMRVJFS PCSB TFB HSBOEF P QFRVF×B )FNPT FTUBEP QSFTFOUFT FO QSP ZFDUPT JODPNQBSBCMFT EF DPOTUSVDDJØO UBMFT DPNP MB UFSNJOBM EFM "FSP QVFSUP EF #BSBKBT MB QSFTB EF *UBJQV FO #SBTJM FM $FOUSP 'JOBODJFSP NVOEJBM EF 4IBOHBJ Z FO FM UÞOFM EF 4BO (PUBSEP FM NÈT MBSHP EFM NVOEP 6OB DPNQMFUB HBNB EF QSPEVDUPT QBSB FM TFMMBEP QFHBEP JNQFSNFBCJMJ[BDJØO QSPUFDDJØO Z SFGVFS[P SFn FKBO

`/VFTUSB &YQFSJFODJB FT TV CFOFm DJP 4*," 4 " 6 $USB EF 'VFODBSSBM "MDPCFOEBT .BESJE

JOGP!FT TJLB DPN XXX TJLB FT 5FM 'BY

'5 .BS[P ( .*--"/

VO TJHMP EF FYQFSJFODJB BERVJSJEB FO JOOVNFSBCMFT PCSBT EF DPOTUSVDDJØO FO UPEP FM NVOEP


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.