Page 1

#.89񂌙

#.89񂌙

XXXCNXFT

/6&70#.89񂌙

%*4'365"3/05*&/&-.*5&4 #.8&GGJDJFOU%ZOBNJDT

.FOPSDPOTVNP.FKPSFTQSFTUBDJPOFT

5FHVTUBDPOEVDJS


%*4'365"3&46/7*"+& 26&/0"$"#"/6/$" &MOVFWP#.89𶅑 PGSFDFJO𶉁 OJUBTQPTJCJMJEBEFT$PNCJOBFMFHBODJBQVSBDPOQPUFODJBFYQMPTJWBZN¡YJNBF𶉁 DJFODJB &MOVFWPNPUPSEJ©TFMEF𶅐 𶅘 MJUSPTZ𶅉 𶅖 𶅒 $7PGSFDFVODPOTVNPQSPNFEJPEF𶅓 𶅔 MJUSPTDBEB𶅉 𶅘 𶅘 LJM³NFUSPT FMNFKPS EFTVDBUFHPS­B%FTDVCSBFMEJTGSVUFJMJNJUBEPFOXXXCNXFT

#.8&GGJDJFOU%ZOBNJDT

.FOPSDPOTVNP.FKPSFTQSFTUBDJPOFT


&EJUPSJBM

".*(041"3" 50%"-"7*%" &MOVFWP#.89𶅑 UJFOFVOQPMJGBD©UJDPFODBOUPQBSBIBDFSOVFWPTBNJHPT -BTFMFWBEBTQSFTUBDJPOFTEFTVTNPUPSFTIBDFORVF©TUPTDPOTVNBO DBEBWF[NFOPTDPNCVTUJCMFZQSPEV[DBONFOPTFNJTJPOFT&MEJOBNJTNP FOTVDPOEVDDJ³O FMJNQFDBCMFBDBCBEPEFTVJOUFSJPSZTVFMFHBOUF DBSSPDFS­BOPQBTBS¡OJOBEWFSUJEPT-PTN¡TEFQPSUJTUBTBQSFDJBS¡OTV DBQBDJEBEJOUFSJPSZMPTBNBOUFTEFMBDPNPEJEBEFMPHJBS¡OTVDPOGPSU EFDPOEVDDJ³O&OMBTTJHVJFOUFTQ¡HJOBTDPOPDFS¡BQFSTPOBTRVFZB IBOEFTDVCJFSUPRVFFMOVFWP#.89𶅑 FTFMWFI­DVMPQFSGFDUPQBSBTV FTUJMPEFWJEB 񂍐

/VFWP#.89񂌙

5FDOPMPH­B

&RVJQBNJFOUP

7JTJ³OHFOFSBM

-"7&34"5*-*%"%&/46 '03.".44&%6$503"

-"*//07"$*/ 4&6/&"-"*/41*3"$*/

5"/*/%*7*%6"-$0.0 464%&4&04

-"%*7&34*%"%26& 0'3&$&&-/6&70 #.89񂌙 %&6/7*45";0

񂌦 񂌤  &YUFSJPS  %JTF±PRVFDPOWFODF

񂌘 񂌤  #.8&G񂐷 DJFOU%ZOBNJDT  &  MQBRVFUFUFDOPM³HJDPRVFSFEVDFFM DPOTVNPZMBTFNJTJPOFT

񂌠 񂌘  7BSJBOUFTEFFRVJQBNJFOUP

񂌢 񂌦  5BCMBTEFFRVJQBNJFOUP

񂌠 񂌠  1BRVFUFEFQPSUJWP.

񂌢 񂌠  %BUPTU©DOJDPT

񂌙 񂌦  .PUPSFT  .  ¡YJNBTQSFTUBDJPOFTDPOFMN­OJNP DPOTVNP

񂌠 񂌢  $PMPSFTEFMBDBSSPDFS­B

񂌢 񂌢  #.84FSWJDFZNVOEP#.8  0  GFSUBTFYDMVTJWBTQBSBMPTDMJFOUFTEF #.8

񂌙 񂌘  #BTUJEPSZTFHVSJEBE  4  JTUFNBTQBSBPGSFDFSN¡TTFHVSJEBEZ QMBDFSEFDPOEVDJS

񂌠 񂌤  $PMPSFTZNPMEVSBTJOUFSJPSFT

񂌗 񂌦  1SFTUBDJPOFT  1  PUFODJBRVFFOUVTJBTNB 񂌗 񂌘  #.8&G񂐷 DJFOU%ZOBNJDT  -BTPTUFOJCJMJEBEBOUJDJQBEB 񂌗 񂌠  /VFWBTUFDOPMPH­BT  *OOPWBEPSFOUPEPTMPTTFOUJEPT 񂌗 񂌢  'VODJPOBMJEBE  6  OFRVJQPJNCBUJCMF 񂌗 񂌤  &OUSFWJTUB  1  SFHVOUBNPTBMEJTF±BEPSEFMFYUFSJPS &SJL(PQMFO 񂌘 񂌦  *OUFSJPS   OJDPFODBEBEFUBMMFZFOTVDPOKVOUP 񂌘 񂌘  $BMJEBE  4  ³MPMPNFKPS 񂌘 񂌢  6OFTQBDJP񂐸 FYJCMF  7FSTBUJMJEBE



񂍐

XXXCNXFT

  OEJDF

񂌙 񂌢  #.8$POOFDUFE%SJWF  -BSFEJOUFMJHFOUFRVFPGSFDFN¡T TFHVSJEBE DPNPEJEBE JOGPSNBDJ³OZ FOUSFUFOJNJFOUP 񂌠 񂌦  $  BNCJPBVUPN¡UJDP4UFQUSPOJDEF 񂌤 WFMPDJEBEFT  /VFWBSFGFSFODJBFODPOGPSUZF𶉁 DBDJB



񂍐

񂌠 񂌣  $PMPSFTEFMBUBQJDFS­B

񂌡 񂌦  &  RVJQBNJFOUPEFTFSJF &RVJQBNJFOUPPQDJPOBM



񂍐

XXXCNXFT

񂌡 񂌤  9-JOF 񂌡 񂌥  "DDFTPSJPT0SJHJOBMFT#.8  /  VNFSPTBTGBDFUBTEFQFSTPOBMJ[BDJ³O



񂍐

XXXCNXFT

XXXCNXFT &RVJQBNJFOUPEFMNPEFMPQSFTFOUBEP#.89񂌙 Y%SJWF񂌘 񂌦 E .PUPS.PUPSEJ©TFMEFDVBUSPDJMJOESPT 1PUFODJB𶅉 𶅖 𶅒 $7 -MBOUBT"MFBDJ³OMJHFSBEF𶅉 𶅗 QVMHBEBTDPOSBEJPTEPCMFTFTUJMP 𶅑 𶅘 𶅗 DPOOFVN¡UJDPTEFEJTUJOUBTNFEJEBT $PMPSEFMBDBSSPDFS­B.JOFSBMTJMCFSNFUBMJ[BEP 5BQJDFS­B$VFSP/FWBEB0ZTUFS .PMEVSBTJOUFSJPSFT.BEFSBOPCMF'JOFMJOF4JFOB *OGPSNBDJ³OTPCSFDPOTVNPEFDPNCVTUJCMFZFNJTJPOFTEF$0𶅐 FO MBTQ¡HJOBT𶅔 𶅒 ]𶅔 𶅓 

XXXCNXFT


&-1-"$&3 %&$0/%6$*3 5*&/&.6$)"4 $"3"4 2V©OPTTPSQSFOEFS¡IPZ %©MBCJFOWFOJEBBMBTTPSQSFTBT$POFMOVFWP#.89𶅑 HSBDJBTBTV WFSTBUJMJEBE FTUBS¡QFSGFDUBNFOUFQSFQBSBEPQBSBDVBMRVJFSTJUVBDJ³O$POP[DBBFTUFOVFWPJOUFHSBOUF EFMBGBNJMJB#.89FOUPEBTTVTGBDFUBTZDPOTUBUFQPSRV©FODBKBS¡BMBQFSGFDDJ³OFOTVWJEB

  *OUSPEVDDJ³O


6/#6&/%*4&0$"65*7"

񂍐

2V©GBTDJOBN¡T 6OBPCSBEFBSUFEFM­OFBTFMFHBOUFTZTFEVDUPSBTPVOPCKFUPU©DOJDBNFOUFQFSGFDUPDVZPFYDFMFOUFGVODJPOBNJFOUP FOUVTJBTNB&MOVFWP#.89𶅑 SFTQPOEFBFTUBQSFHVOUBDPOFTUJMPQSPQJP4VGSPOUBMEFQPSUJWPDPOMBQBSSJMMBEPCMFNBSDBMBQBVUB-BT M­OFBTRVFSFDPSSFODPOFMFHBODJBMPTMBUFSBMFTEFMWFI­DVMPTVHJFSFOVOBFYQFSJFODJBFTQFDJBMNFOUFEJO¡NJDB-PTMMBNBUJWPTGBSPTCJYFO³O PQDJPOBMFT DPOBOJMMPTMVNJOPTPT-&%QBSBBMVNCSBEPEJVSOPQFSNJUFOWFSMBDBSSFUFSBCBKPVOBOVFWBMV[-BBDFSUBEBDPNCJOBDJ³OEF GPSNBZGVODJ³ODPOWJFSUFFTUFWFI­DVMPFOVOBPCSBNBFTUSBEFJOHFOJFS­BTVQFSJPS XXXCNXFT

6/"&455*$":&'*$*&/$*" %&4$0/0$*%"4)"45"&- .0.&/506/"//*.0)"45" ")03"&-/6&70#.89񂌙


5"/50&/&-%&4$&/40$0.0&/-" "6501*45" .9*."413&45"$*0/&4:$0/530-&/ 50%0.0.&/50

.1&56103"7"/;"3

&MOVFWP#.89๐ถ…‘ OPTFIBEFTBSSPMMBEPQBSBTFSTJNQMFNFOUFVOBVUPNยณWJMNยกT 4FIBDSFBEPQBSBFYQFSJNFOUBSMBDBSSFUFSB TFOUJSDBEBDVSWBRVFTFUPNBZ EPNJOBSDVBMRVJFSTVQFS๐ถ‰ DJF1BSBFMMP BQPZBOBMDPOEVDUPSJOOPWBEPSBTUFDOPMPHยญBT DPNPMBEJSFDDJยณOEFQPSUJWBWBSJBCMF PQDJPOBM ZFMTJTUFNB#.8Y%SJWFEFTFSJF&M TJTUFNBJOUFMJHFOUFEFUSBDDJยณOBMBTDVBUSPSVFEBTEF#.8SFQBSUFMBGVFS[BEFM NPUPSFOUSFMPTFKFTEFMBOUFSPZUSBTFSPBMJOTUBOUFZFOGVODJยณOEFMBTOFDFTJEBEFT %FFTUFNPEP NFKPSBMBBEIFSFODJBTPCSFDVBMRVJFSUFSSFOPQBSBQPEFSEJTGSVUBSEF DBEBWJBKFBยบODPONยกTTFHVSJEBEZDPOGPSU&MOVFWP#.89๐ถ…‘ BNBMBDPOEVDDJยณO  OPJNQPSUBTVEFTUJOP ๑‚

XXXCNXFT

  1SFTUBDJPOFT


#.8&GGJDJFOU%ZOBNJDT

.FOPSDPOTVNP.FKPSFTQSFTUBDJPOFT

'3&/"3:3&$61&3"3&/&3(" "$&-&3"3:$0/46.*3.&/04 $0.#645*#-&#.8&''*$*&/5 %:/".*$4"/&4$"1";%&. 4 &OMBOBUVSBMF[BOPFYJTUFODPODFTJPOFT5PEPTF BEBQUBBMNFEJP QPSMPRVFMBF𶉁 DJFODJBFT³QUJNB 6OCVFOEJTF±BEPSQBJTBKJTUBMPUJFOFFODVFOUBZ EFTBSSPMMBTPMVDJPOFTZDPODFQUPTFODPOTPOBODJB DPOFMMP&O#.8BFTUBGJMPTPG­BMFIFNPTEBEPVO OPNCSF#.8&G𶉁 DJFOU%ZOBNJDT&MFMPHJBEPQBRVFUF UFDOPM³HJDPPGSFDFUPEPMPRVFOFDFTJUBQBSBQPEFS EJTGSVUBSUBNCJ©OEFTVOVFWP#.89𶅑 EFTEFVOQVOUP EFWJTUBTPTUFOJCMF6OBEFFTUBTJOOPWBDJPOFTFTFM OVFWPDBNCJPBVUPN¡UJDP4UFQUSPOJDEF𶅖 WFMPDJEBEFT𶅉  RVF HSBDJBTBTVFTUSBUFHJBEFDBNCJPBEBQUBUJWP  TFBKVTUBFODBEBNPNFOUPBMFTUJMPEFDPOEVDDJ³O EFMDPOEVDUPSZQFSNJUFPGSFDFSFMS©HJNFO³QUJNP "EFN¡T QPSQSJNFSBWF[FO#.8 TFDPNCJOBDPO MBGVODJ³O"VUP4UBSU4UPQ𶅐 RVFBQBHBFMNPUPSBM EFUFOFSTFFMWFI­DVMP QPSFKFNQMP BOUFVOTFN¡GPSP  SFEVDJ©OEPTFBT­BºON¡TFMDPOTVNP(SBDJBTBM TJTUFNB#SBLF&OFSHZ3FHFOFSBUJPO TFBQSPWFDIBMB FOFSH­BHFOFSBEBBMGSFOBSQBSBDBSHBSMBCBUFS­B %FFTUFNPEP TFQSPEVDFBVUPN¡UJDBNFOUFFOFSH­B FM©DUSJDB EJTQPOJCMFQBSBMBTGVODJPOFTEFDPOGPSU 5FDOPMPH­BTEFN¡YJNBQSFDJTJ³O DPNP7"-7&530/*$  MBTFSWPEJSFDDJ³OFM©DUSJDBPVOBSF𶉁 OBEBBFSPEJO¡NJDB  SFEVDFOFMDPOTVNPZNFKPSBOBMBWF[MBTQSFTUBDJPOFT $PO#.8&G𶉁 DJFOU%ZOBNJDTZFMOVFWP#.89𶅑  FYQFSJNFOUBS¡ZBIPZMPRVFTFS¡MBOPSNBFOFMGVUVSP 𶅉 𶅐

#.8&''*$*&/5%:/".*$4 4045&/*#*-*%"%%&4&3*&

'BCSJDBSBVUPN³WJMFTFTBMHPRVFQVFEFOIBDFSNVDIPT QFSPUSBOTGPSNBSMBN­OJNBFOFSH­B FOFMN¡YJNPQMBDFSEFDPOEVDJST³MPMPDPOTJHVF#.8:FTPFTFYBDUBNFOUFMPRVF DBSBDUFSJ[BB#.8&G𶉁 DJFOU%ZOBNJDTUFDOPMPH­BTRVFQSPQPSDJPOBONFKPSFTQSFTUBDJPOFT DPONFOPTDPOTVNPZFNJTJPOFT ZQFSNJUJFOEPSFTQFUBSMPTQSFDJBEPTSFDVSTPTZ BVNFOUBSFMQMBDFSEFDPOEVDJSFOFMOVFWP#.89𶅑  񂍐

XXXCNXFT

  #.8&GGJDJFOU%ZOBNJDT

%JTQPOJCMFDPNPPQDJ³OQBSBFM#.89𶅑 Y%SJWF𶅐 𶅘 E /PEJTQPOJCMFQBSBFM#.89𶅑 Y%SJWF𶅐 𶅖 J


/0&46/.*-"(30 4*/0 5&$/0-0("461&3*03

&MIFDIPEFQPEFSUSBOTHSFEJSMJHFSBNFOUFMBTMFZFTEFMBG­TJDBBTPNCSBBBMHVOPT1BSBMPTJOHFOJFSPTEF #.8FTTJNQMFNFOUFMBDPOTFDVFODJBEFMBTºMUJNBTJOOPWBDJPOFT$PNPPDVSSF QPSFKFNQMP DPOMB UFDOPMPH­B1FSGPSNBODF$POUSPM PQDJPOBM EF#.8RVF NFEJBOUFJOUFSWFODJPOFTTFMFDUJWBTFOFMNPUPSZ MPTGSFOPT SFQBSUFFMQBS³QUJNPFOUSFMBTSVFEBTQBSBPGSFDFSBºON¡TEJOBNJTNP"T­DPNPDPOFM$POUSPM EJO¡NJDPEFMBBNPSUJHVBDJ³O PQDJPOBM MPTBNPSUJHVBEPSFTFOW­BODVBUSPDJFOUBTWFDFTQPSTFHVOEPTVT EBUPTBMTJTUFNBPQDJPOBM%ZOBNJD%SJWJOH$POUSPMQBSBBEBQUBSMBTVTQFOTJ³OBMBTOFDFTJEBEFTEFMUFSSFOP (SBDJBTBFTUBTUFDOPMPH­BT FTQPTJCMFFMFHJSDPOT³MPQVMTBSVOCPU³OEFM%ZOBNJD%SJWJOH$POUSPMFOUSF VOBKVTUF/PSNBM 4QPSUP4QPSU %FFTUFNPEP EJTGSVUBS¡EFMN¡YJNPDPOGPSUUBNCJ©OFOMBTDPOEJDJPOFT N¡TFYJHFOUFT XXXCNXFT   /VFWBTUFDOPMPH­BT

$0/7*&35"-"$"33&5&3" &/6/""-'0.#3"30+" $0/530-%*/.*$0%&-"".035*(6"$*/


%*4'365"3&4&45"313&1"3"%0 1"3"50%0:5&/&34*&.13& 6/"#6&/"7*4*/%&$0/+6/50

6/&26*10 1&3'&$50

&OVOCVFOFRVJQPMPTDPNQB±FSPTDPOG­BOMPTVOPTFOMPTPUSPT-PNJTNPPDVSSF DPOFMOVFWP#.89𶅑 MBBSNPO­BFTBCTPMVUB&MEJTF±PEFMPTHSVQPT³QUJDPT USBTFSPTDBSBDUFS­TUJDPEFM#.89𶅑 DPOTVTFMFNFOUPTEFJMVNJOBDJ³O FODPNCJOBDJ³O DPOMPTGBSPTCJYFO³OPQDJPOBMFT TFJOUFHSBEFGPSNB³QUJNBFOFMQPSU³OUSBTFSP EFMNBZPSNBMFUFSPEFTVDMBTFZ QPSMPUBOUP FOMBFMFHBOUFJNBHFOHMPCBMEFMOVFWP #.89𶅑 (SBDJBTBTVTWFOUBOJMMBTEFM­OFBTQMBOBTZBMBQPTJDJ³OFMFWBEBEFM BTJFOUP MPTPDVQBOUFTEFMBTQMB[BTUSBTFSBTEJTGSVUBOUBNCJ©OEFVOBFYDFMFOUF WJTJCJMJEBEHMPCBM1BSBHBSBOUJ[BSVOBWFSTBUJMJEBEBºONBZPS MPTSFTQBMEPTEFMPT BTJFOUPTUSBTFSPTTPOBCBUJCMFTFOVOBQSPQPSDJ³O𶅒 𶅘 𶅐 𶅘 𶅒 𶅘  PQDJPOBM 


13&4&/$*"4&(63" %*4&0 &-&("/5& 5PEPTMPTNPEFMPTEFMBHBNB9EF#.8DPNCJOBOBHJMJEBEZFMFHBODJB5BNCJ©OFMOVFWP#.89񂌙 FODBSOBFTUF DBS¡DUFSJODPOGVOEJCMF&MEJTF±BEPS&SJL(PQMFOIBTJEPFMFODBSHBEPEFEJTF±BSFMOVFWP#.89񂌙 EFTEFFM(SVQP EFEJTF±PEF#.8FO&&66 DPOCBTFFO$BMJGPSOJB

$³NPJEFOUJ񂐷 DBFMPCTFSWBEPSFMOVFWP #.89񂌙 &OQSJNFSMVHBS OBUVSBMNFOUF QPSTVUBNB±P 1FSP BEFN¡TEFJODPSQPSBSMBTDBSBDUFS­TUJDBT EFMBGBNJMJB#.89 FMOVFWP#.89𶅑 TF BTFNFKBBTJNJTNPBTVQSFEFDFTPS-BU­QJDB ѶDBSBEFUSFTPKPTѷEFMBGBNJMJB#.89DPO MPTGBSPTSFEPOEPTEPCMFTZMPTGBSPTBOUJOJFCMBFO QPTJDJ³OFMFWBEB EJTQVFTUPTFOMPTFYUSFNPT FYUFSJPSFT FTNVZQFDVMJBS&OFMMBUFSBMTFBQSFDJB FMDBSBDUFS­TUJDPEJTF±PEFMBTWFOUBOJMMBTDPO MBDVSWB)PGNFJTUFSFOVOBQPTJDJ³ON¡TFMFWBEB -PTHSVQPT³QUJDPTUSBTFSPTUJFOFOGPSNBEF 5 JHVBMRVFFOTVQSFEFDFTPS ZPGSFDFO FO DPNCJOBDJ³ODPOMPTGBSPTCJYFO³O PQDJPOBM FM U­QJDPFGFDUPOPDUVSOPEF#.8

2V©PUSBTQBSUJDVMBSJEBEFTEF#.8 QPTFFFMOVFWP#.89񂌙 -PTDBSBDUFS­TUJDPTGBSPTSFEPOEPTEPCMFT QPS FKFNQMP PGSFDFOVOEJTF±PDMBSPZSFEVDJEP Z FTU¡OMJHFSBNFOUFSFDPSUBEPTFOMB[POBTVQFSJPS DPOVONBSDPDSPNBEP%FFTBGPSNB FMWFI­DVMP BERVJFSFVOBTQFDUPEFDPODFOUSBDJ³O0USB DBSBDUFS­TUJDBTPOMBTTVQFS𶉁 DJFTD³ODBWBTZ DPOWFYBTDPOTVWJTUPTPKVFHPEFMVDFTZTPNCSBT

4S(PQMFO FOMPTºMUJNPTUSFTB±PT IBOUSBCBKBEPFOFMEJTF±PEFMFYUFSJPS EFM#.89񂌙 ZBIPSBMPNVFTUSBO2V© QSJNFSBJNQSFTJ³OTFWBBMMFWBSFM PCTFSWBEPS )FNPTEBEPFTQFDJBMJNQPSUBODJBBEPTDPTBT QPSVOMBEP FMOVFWP#.89𶅑 EFCFSFDPOPDFSTF BTJNQMFWJTUBDPNPVONJFNCSPEFMBGBNJMJB #.89 ZQPSPUSP DPNPFMTVDFTPSEFMBDUVBM #.89𶅑 $BEBWFI­DVMP#.89NVFTUSBVOB QPEFSPTBBHJMJEBEZVOBSPCVTUBQSFTFODJBFO DBSSFUFSB$POUSJCVZFOBHFOFSBSFTUBJNQSFTJ³O MBTDBSBDUFS­TUJDBTQSPQPSDJPOFT9 DPNPMBQBSSJMMB EFMBOUFSBWFSUJDBM FMDBQ³SFDPSUBEPZMBMVOFUB USBTFSBJODMJOBEB"EFN¡T RVFS­BVO#.89𶅑  BEVMUP N¡TNBEVSP

  &OUSFWJTUB

-PTNPEFMPT#.8TPOGBNPTPTQPS TVTSF񂐷 OBEPTEFUBMMFT2V©DPOTJEFSB FTQFDJBMNFOUFWBMJPTP

&ONJPQJOJ³O FMDPOUPSOPºOJDPEFMDBQ³ MMBNBQPEFSPTBNFOUFMBBUFODJ³O&TU¡ EFBDVFSEPDPONJHP

4FNFPDVSSFONVDIBTDPTBT6OMMBNBUJWP FMFNFOUPEFMEJTF±PEFMOVFWP#.89𶅑 FTMB NBSDBEBM­OFBEFDJOUVSB RVFDPOVO¡HJM JNQVMTPTFFMFWBQPSEFUS¡TEFMQBTPEFSVFEB EFMBOUFSPZTFQSPMPOHBDPOEJOBNJTNPIBTUB FMHSVQP³QUJDPUSBTFSP0USBM­OFBEFDBS¡DUFS TFFYUJFOEFQPSFODJNBEFMQBTPEFSVFEB QPTUFSJPSZSFTBMUBBT­MBQPEFSPTBBHJMJEBE-PT EFUBMMFTBQBSFOUFNFOUFTFDVOEBSJPT DPNP MPTJOUFSNJUFOUFTMBUFSBMFT TFJOUFHSBODPO SF𶉁 OBNJFOUPFOVOQFRVF±PSFCBKF

4­ DPOTUJUVZFQPST­TPMPVOBQFRVF±BPCSBEF BSUFEFMBNPEFSOBUSBOTGPSNBDJ³OEFMNFUBM "MHPDPOUBOUBGVFS[BFYQSFTJWBQPES­BDPMHBSTF JODMVTPFOMBQBSFEEFDBTB&MDBQ³DPOMBT M­OFBTEFDBS¡DUFSUBONBSDBEBTEFUFSNJOBFM BTQFDUPEFQPSUJWPZSPCVTUPEFMGSPOUBM RVF DPOTUJUVZFVOEJTUJOUJWPFTQFDJBMEFUPEPTMPT WFI­DVMPTEFMBHBNB9EF#.8


.&/04&4.4

6OCVFOSFEBDUPSDPOTJHVFFYQSFTBSDPOTFODJMMF[VOBJEFBDPNQMFKB4FDPOTJHVFBTยญVOHSBODPOKVOUPRVFGBTDJOBFIJQOPUJ[BBMMFDUPS &TUPFTMPRVFPDVSSFFOFMOVFWP#.89๐ถ…‘ DVBOUPNยกTBWBO[BEPFMTJTUFNB NยกTTFODJMMPEFCFTFSTVNBOFKP&MTJTUFNB#.8J%SJWF EFTFSJFFTVOFKFNQMPEFFMMP6ODPOUSPMBEPSFSHPOยณNJDPFOFMDFOUSPEFMWFIยญDVMPQFSNJUFNBOFKBSEFGPSNBJOUVJUJWBMBTQSJODJQBMFT GVODJPOFT DPNPMBTDPSSFTQPOEJFOUFTBMTJTUFNBEFOBWFHBDJยณO PQDJPOBM &TUPWBMFUBNCJยฉOQBSBFMJOUFSJPS FOFMRVFDBEBTVQFS๐ถ‰ DJF ZMยญOFBDPOWJFSUFODVBMRVJFSWJBKFFOVOBFYQFSJFODJBEFTEFMBTNPMEVSBTEFNBEFSBOPCMF'JOFMJOF4JFOB PQDJPOBMFT EFMJOUFSJPSEF MBTQVFSUBTZFMTBMQJDBEFSPIBTUBFMEJTFยฑPBCJFSUPEFMBDPOTPMBDFOUSBMZFMUBCMFSPEFJOTUSVNFOUPT&MDPOKVOUPDPO๐ถ‰ FSFBMOVFWP #.89๐ถ…‘ TVTJOHVMBSJEBEZQSPQPSDJPOBBMDPOEVDUPSVOBFYDFMFOUFWJTJCJMJEBEEFMQVFTUPEFDPOEVDDJยณO&TUBWJTJCJMJEBEFTBยบONBZPS HSBDJBTBMBTJOOPWBDJPOFTEF#.8$POOFDUFE%SJWFDPNPFM#.8)FBE6Q%JTQMBZ PQDJPOBM RVFQSPZFDUBEBUPTSFMFWBOUFTDPNPMPT EFMTJTUFNBEFOBWFHBDJยณOFOFMQBSBCSJTBT"TยญOVODBBQBSUBSยกMBWJTUBEFMPNยกTJNQPSUBOUFMBDBSSFUFSB ๑‚

XXXCNXFT

  *OUFSJPSZ#.8$POOFDUFE%SJWF

$"%"./*.0%&5"--& $6&/5"


4-0-0 .&+03

4PONVDIPTMPTGBDUPSFTRVFDBSBDUFSJ[BO BVOSFTUBVSBOUFDPOFTUSFMMBT DPNPVOB DPNJEBEFQSJNFSBDBMJEBEFMBCPSBEBT³MP QPSMPTNFKPSFTDPDJOFSPTZDPNCJOBEBDPO VOBNCJFOUFFYDMVTJWPZFTQBDJPTVGJDJFOUF QBSBMBJOEJWJEVBMJEBE&YBDUBNFOUFDPNP FOFMOVFWP#.89𶅑 %FTEFFMJOTUBOUFFO RVFTFBCSFMBQVFSUBEFMWFI­DVMP TFQFSDJCF MBFMFWBEBDBMJEBEEFTVTNBUFSJBMFTEF QFSGFDUPBDBCBEP DPNPFMDVFSP/FWBEB 0ZTUFSDPODPTUVSBTEFDPOUSBTUF PQDJPOBM  $POWFODFOTVBNQMJUVEºOJDBZTV FRVJQBNJFOUPJOUFMJHFOUFZGMFYJCMF DPNPMPT DPNQBSUJNFOUPTJOUFHSBEPTFOMBTQVFSUBT ZMBDPOTPMBDFOUSBMPMPTFSHPO³NJDPT QPSUBCFCJEBT4JUJFOFVOBNFTBSFTFSWBEB FOFMNFKPSSFTUBVSBOUFEFMBDJVEBE BDVEB B©MFOFMOVFWP#.89𶅑 

*/(3&%*&/5&41"3" %*4'365"3"- .9*.0."5&3*"-&4 %&13*.&3"$"-*%"%  "$"#"%0*.1&$"#-&  $0.#*/"$*/1&3'&$5"


2VยฉFTMPRVFQFSNJUFEJTGSVUBSBMNยกYJNP  &TFMBNPSBMEFUBMMF &MBNQMJPZDยณNPEP FTQBDJPQBSBMBTSPEJMMBTZMBTQJFSOBTFOMB QBSUFQPTUFSJPSPGSFDFMBNยกYJNBDPNPEJEBE 1PESยกEJTGSVUBSEFMBBNQMJUVEHSBDJBTB MBHFOFSPTBPGFSUBEFFTQBDJPEFMOVFWP #.89๐ถ…‘ ZRVFMFCSJOEBVOFTQFDJBMDPOGPSU FOFMWJBKF5PEPFOFMOVFWP#.89๐ถ…‘ FTUยก QFOTBEPQBSBTVCFOF๐ถ‰ DJP1BSBRVFFO UPEPTMPTWJBKFTTFTJFOUBDPNPFODBTBZ EJTGSVUFEFMDPOGPSUDPNPVOJOWJUBEPFO VOSFTUBVSBOUFFYDFQDJPOBM

  $BMJEBE


-PTFYDVSTJPOJTUBTZBQVFEFO SFTFSWBSMBDBCBยฑBEFNPOUBยฑB QBSBTVTJHVJFOUFNBSDIBQPS FMNPOUF&MBNQMJPNBMFUFSP QFSNJUFBMPKBSNPDIJMBT DBM[BEP EFNPOUBยฑBZCBTUPOFT&M TJTUFNBJOUFMJHFOUFEFUSBDDJยณO BMBTDVBUSPSVFEBT#.8Y%SJWF TVQFSBDVBMRVJFSBTDFOTP

-PTBNBOUFTEFMPTEFQPSUFT EFJOWJFSOPQVFEFOUSBOTQPSUBS GยกDJMNFOUFTVTUBCMBTEFDBSWJOH ZTOPXCPBSEHSBDJBTBMSFTQBMEP QPTUFSJPS RVFQVFEFBCBUJSTFFO MBQSPQPSDJยณO๐ถ…’ ๐ถ…˜ ๐ถ… ๐ถ…˜ ๐ถ…’ ๐ถ…˜  PQDJPOBM  %FFTBGPSNBRVFEBFTQBDJP TV๐ถ‰ DJFOUFEFUSยกTQBSBEPTBEVMUPT ZMBQSยกDUJDBCPMTBQBSBFTRVยญTZ UBCMBTEFTOPXCPBSE๐ถ…‰  ๐ถ…‰

6/"35*45"%&-&26*1"+& "MBTQFSTPOBTBDUJWBTMFTHVTUBMMFWBSNVDIPFRVJQBKF&MOVFWP#.89๑‚Œ™ QPTFFMBWFSTยกUJMPGFSUBEFFTQBDJPQBSBFMMP

-PTQSPQJFUBSJPTEFQFSSPTQVFEFO USBOTQPSUBSTVTBOJNBMFTTJO QSPCMFNBTFOFMOVFWP#.89๐ถ…‘  QBSBTVIBCJUVBMQBTFPQPSFM QBSRVF-BTBMGPNCSJMMBTEFBKVTUF FYBDUPEFMQSPHSBNBEFBDDFTPSJPT #.8QSPUFHFOMBTTVQFS๐ถ‰ DJFT EFDBSHBPFMBTJFOUPUSBTFSPEFMB TVDJFEBE6OBSFETFQBSBMPTQFSSPT FOFMNBMFUFSPEFMPTQBTBKFSPT TFOUBEPTFOMBQBSUFEFBUSยกT&O FMDBTPEFRVFTVQFSSPQSF๐ถ‰ FSB WJBKBSFOTVDFTUB UBNCJยฉOIBZ FTQBDJPEFTPCSBQBSBFMMP:TJQJFOTB FOUSBOTQPSUFBMPHSBOEF UBNQPDP IBZOJOHยบOQSPCMFNB HSBDJBT BMQFTPNยกYJNPBENJUJEPEF SFNPMRVFEF๐ถ… ๐ถ…’ ๐ถ…˜ ๐ถ…˜ LH

-PTEFQPSUJTUBTEJTGSVUBOBM EFTQMB[BSTFBMBTJHVJFOUFTFTJยณO EFFOUSFOBNJFOUPEFCBMPODFTUP -BTQFSTPOBTEFHSBOFTUBUVSB EJTQPOFOEFBNQMJPFTQBDJP QBSBMBDBCF[BZMBTSPEJMMBT1BSB EFTQVยฉTEFMFKFSDJDJPGยญTJDP QVFEFO JOUSPEVDJSCPUFMMBTEFBHVBFO MPTDPNQBSUJNFOUPTMBUFSBMFTEF MBTQVFSUBTPEPTMBUBTEFCFCJEB FOFSHยฉUJDBFOMPTQPSUBCFCJEBT TJUVBEPTEFMBOUFEFMBQBMBODBEF DBNCJPT ๑‚

XXXCNXFT

%JTQPOJCMFDPNP"DDFTPSJP#.8FO XXXCNXFT


#.8&''*$*&/5%:/".*$4 $0/46.*310$0:0'3&$&3.6$)0

Ѷ%*4'365"3)0::1&/4"3&/&-'65630ѷ 5FOHPNVDIBTDPTBTRVFIBDFS7JBKPNVDIP1PSTVQVFTUPUBNCJ©OQJFOTPFOFMGVUVSPFOOVFTUSPFOUPSOP ZFOFMDPOTVNPEFMPTSFDVSTPTOBUVSBMFT6OPTQFOTBNJFOUPTRVFDPNQBSUPDPO#.8&MMPTIBODPOTFHVJEP SFEVDJSFOFTUPTºMUJNPTB±PTMBTFNJTJPOFTFOUPEBMB𶉂 PUBFON¡TEFVO𶅐 𶅓 :PGSFDFOBºONFKPSFT QSFTUBDJPOFTDPONFOPTDPNCVTUJCMF

$POVOFOUVTJBTUBUSBCBKPEFJOWFTUJHBDJ³O #.8EFTBSSPMMBJOOPWBDJPOFTRVFPGSFDFOVOBNPWJMJEBEPSJFOUBEBBMGVUVSPRVFBIPSSBSFDVSTPT1PSFMMP  DPNPDVBMRVJFSPUSP#.8 UBNCJ©OFMOVFWP#.89𶅑 FTU¡FRVJQBEPDPOFMFMPHJBEPZBNQMJPQBRVFUFUFDOPM³HJDP#.8&GGJDJFOU%ZOBNJDT(SBDJBT BVOBQFSGFDUBDPPSEJOBDJ³O MBTNFEJEBTEF#.8&GGJDJFOU%ZOBNJDTNJOJNJ[BOFMDPOTVNPZMBTFNJTJPOFTEF$0𶅐 ZNBYJNJ[BOBMNJTNPUJFNQP MBQPUFODJBZFMEJOBNJTNP.FOPSDPOTVNPZNFKPSFTQSFTUBDJPOFT VOBDPOUSBEJDDJ³ORVF#.8IBSFTVFMUPQBSBTJFNQSFQPSFMCJFOEFMNFEJP BNCJFOUFZEFMQMBDFSEFDPOEVDJS

#.8&GGJDJFOU%ZOBNJDT

.FOPSDPOTVNP.FKPSFTQSFTUBDJPOFT

1SPUPUJQP#.87JTJPO&G񂐷 DJFOU%ZOBNJDT -PTWFI­DVMPTEFQPSUJWPTBDFMFSBOEF𶅘 B𶅉 𶅘 𶅘 LNIFO𶅒 𶅖 TFHVOEPT4PO BVUPN³WJMFTF𶉁 DBDFTZFYUSBPSEJOBSJBNFOUFBFSPEJO¡NJDPT RVFTFEVDFO UBNCJ©ODVBOEPFTU¡OQBSBEPT-PTWFI­DVMPTTPTUFOJCMFTDPOTVNFOT³MP 𶅑 𶅖 MJUSPTEFHBT³MFPDBEB𶅉 𶅘 𶅘 LJM³NFUSPT-MFOBOFMEFQ³TJUPDPOVOFODIVGF -PTWFI­DVMPTTPTUFOJCMFTZEFQPSUJWPT DPNPFMQSPUPUJQP#.87JTJPO &G񂐷 DJFOU%ZOBNJDT IBDFOQPTJCMFMPJNQPTJCMF:EFNVFTUSBORVF  EFOUSPEFQPDP DPNCJOBSMBNPWJMJEBEF𶉁 DJFOUFDPOMBQVSBFNPDJ³OEFKBS¡ EFTFSVOBRVJNFSB 񂍐

'VODJ³OBVUP4UBSU4UPQ񂌗  QBSBDBNCJPNBOVBMEF񂌢 WFMPDJEBEFT ZDBNCJPBVUPN¡UJDP4UFQUSPOJDEF񂌤 WFMPDJEBEFT "MEFUFOFS CSFWFNFOUFFMWFI­DVMP QPSFKFNQMP BOUFVOTFN¡GPSP MBGVODJ³OBVUP 4UBSU4UPQBQBHBFMNPUPSZSFEVDFBT­FMDPOTVNP6OBJOEJDBDJ³O Ѷ4UBSU4UPQѷ FOFMEJTQMBZEFJOGPSNBDJ³OTF±BMBRVFMBGVODJ³OFTU¡BDUJWB 1PSQSJNFSBWF[FOTVDMBTFTFIBMMBEJTQPOJCMFMBGVODJ³O"VUP4UBSU4UPQ UBOUPQBSBFMDBNCJPNBOVBMDPNPFMBVUPN¡UJDP $BNCJPBVUPN¡UJDP4UFQUSPOJDEFPDIPWFMPDJEBEFT&M FTDBMPOBNJFOUPEFNBSDIBTUBOSF𶉁 OBEPEFMOVFWPDBNCJPBVUPN¡UJDPEF 𶅖 WFMPDJEBEFT PQDJPOBMQBSBFM#.89𶅑 Y%SJWF𶅐 𶅘 E QFSNJUFFMBQSPWFDIBS FMS©HJNFO³QUJNP%FFTUFNPEP TFSFEVDFDPOTJEFSBCMFNFOUFFMDPOTVNP BMBWF[RVFBVNFOUBFMDPOGPSUEFMDBNCJP&MOVFWPDBNCJPBVUPN¡UJDP EF𶅖 WFMPDJEBEFTIBTJEPFMQSJNFSPEFTVDBUFHPS­BFODPNCJOBSTFDPO MBGVODJ³O"VUP4UBSU4UPQ𶅉 -BDPODMVTJ³OFTRVFPGSFDFDMBSBNFOUF NBZPSDPOGPSUEFDPOEVDDJ³ODPOVODPOTVNPOPUBCMFNFOUFJOGFSJPSZ NFOPTFNJTJPOFT

XXXCNXFT

4FSWPEJSFDDJ³OFM©DUSJDB&ODPNQBSBDJ³ODPOMPTUSBEJDJPOBMFT TJTUFNBTEFEJSFDDJ³OIJES¡VMJDB DPOMBTFSWPEJSFDDJ³OFM©DUSJDBT³MPTF DPOTVNFFOFSH­BDVBOEPSFBMNFOUFTFOFDFTJUB&MNPUPSFM©DUSJDPTF BQBHBFOMPTUSBZFDUPTSFDUPT *OEJDBEPSEFDBNCJPEFNBSDIB$BNCJBSEFNBSDIBFOFMNPNFOUP PQPSUVOPFTVOBEFMBTGPSNBTN¡TTFODJMMBTZF𶉁 DBDFTEFBIPSSBS DPNCVTUJCMF-BJOEJDBDJ³OEFDBNCJPEFNBSDIB FODPNCJOBDJ³ODPOFM DBNCJPNBOVBMEFTFJTWFMPDJEBEFT BZVEBFOFTUFTFOUJEP4F±BMBBM DPOEVDUPSRV©NBSDIBEFCFTFMFDDJPOBSQBSBBIPSSBSMBNBZPSDBOUJEBE QPTJCMFEFDPNCVTUJCMF #SBLF&OFSHZ3FHFOFSBUJPO-BUFDOPMPH­B#SBLF&OFSHZ3FHFOFSBUJPO SFDVQFSBDJ³OEFMBFOFSH­BEFGSFOBEP BDDJPOBFMBMUFSOBEPSDVBOEPTF MFWBOUBFMQJFEFMBDFMFSBEPSPTFQJTBFMQFEBMEFGSFOPZUSBOTGPSNBMBFOFSH­B DJO©UJDBSFTJEVBMFOFMFDUSJDJEBEQBSBSFDBSHBSMBCBUFS­B

/FVN¡UJDPTDPOSFTJTUFODJBSFEVDJEBBMBSPEBEVSB.JFOUSBTHJSB  FMOFVN¡UJDPTFEFGPSNBDPOTUBOUFNFOUF&TUPDPOTVNFFOFSH­BZ QPS )JHI1SFDJTJPO*OKFDUJPO&OMPT#.8MPTJOZFDUPSFTFTU¡OTJUVBEPT KVTUPBMMBEPEFMBTCVK­BT"MM­QVMWFSJ[BOFMDBSCVSBOUFBBMUBQSFTJ³OZDPO MPUBOUP DPNCVTUJCMF(SBDJBTBMPTOFVN¡UJDPTDPOSFTJTUFODJBBMBSPEBEVSB SFEVDJEB TFNJOJNJ[BFTUBEFGPSNBDJ³ONFEJBOUFVOEJTF±PNFKPSBEP MBN¡YJNBQSFDJTJ³OQBSBMPHSBSMBN¡YJNBF𶉁 DBDJB EFMPTOFVN¡UJDPTZFMVTPEFNBUFSJBMFTFTQFDJBMFTFOMB[POBEFMBCBOEB EFSPEBEVSBZMPTMBUFSBMFT

𶅉

  #.8&GGJDJFOU%ZOBNJDT

/PEJTQPOJCMFQBSBFM#.89𶅑 Y%SJWF𶅐 𶅖 J


50%0(*3"&/503/0"%*4'365"3 .*-&4%&7&$&4103.*/650 .PUPSFTEFHBTPMJOB-PTNPUPSFT#.8TFDBSBDUFSJ[BOQPSTVQPUFODJB FOUSFHBEFGVFS[BZGBDJMJEBEQBSBTVCJSEFS©HJNFO$PNPFTOBUVSBM UPEPT MPTNPUPSFTRVFTFPGSFDFOQBSBFMOVFWP#.89𶅑 FTU¡OEFBDVFSEPDPOMBGJMPTPG­B#.8&GGJDJFOU%ZOBNJDT&MPCKFUJWPFTUSBTMBEBSMBQPUFODJBBM BTGBMUPDPOMBN¡YJNBFGJDJFODJB SFEVDJFOEPTJNVMU¡OFBNFOUFFMDPOTVNPZMBTFNJTJPOFTEF$0𶅐 $POJOEFQFOEFODJBEFMNPUPSRVFFMJKB TJFNQSF FTUBS¡HBSBOUJ[BEPFMN¡YJNPQMBDFSEFDPOEVDJSDPOVOBNBZPSFGJDJFODJB

񂤀 񂤀 񂤅

񂢗 񂤀 񂤅

񂤀 񂤅 񂤅

񂢗 񂢖 񂤁

.PUPSFTEJ©TFM-PTEPTNPEFMPTEJ©TFMEFM#.89𶅑 JNQSFTJPOBOQPSTVGVFS[BSFGJOBEBZTVFGJDJFODJBTVQFSJPS ZIBOTJEPEJTUJOHVJEPTDPNP MPTNFKPSFTNPUPSFTEFTVDBUFHPS­B-BUFDOPMPH­B$PNNPO3BJMN¡TBWBO[BEBDPNCJOBFMGVODJPOBNJFOUPTJMFODJPTPZFDPO³NJDPDPOMBTVCJEB EFWVFMUBTS¡QJEBZBMFHSF5PEBTMBTWFSTJPOFTEJTQPOJCMFTFTU¡OGBCSJDBEBTFOBMFBDJ³OMJHFSBEFBMVNJOJPZM³HJDBNFOUFMMFWBOEFTFSJFVOGJMUSP EFQBSU­DVMBTRVFOPSFRVJFSFNBOUFOJNJFOUP

񂢖 񂤀 񂤅

񂤁 񂤅 񂤅 񂤀 񂤀 񂤅

񂢖 񂢗 񂤀

񂤀 񂤅 񂤅 񂢙 񂤀 񂤅

񂢙 񂤀 񂤅

񂢖 񂤃 񂤅

񂢙 񂤅 񂤅

1BS /N

񂢖 񂤅 񂤅

1BS /N

񂢘 񂤀 񂤅

񂢙 񂤅 񂤅

񂢖 񂢙 񂢙

񂢘 񂤀 񂤅

񂢖 񂤅 񂤃

񂤂 񂤀

񂢘 񂤅 񂤅 񂢗 񂤀 񂤅

񂤀 񂤅

񂢗 񂤅 񂤅 񂢖 񂤀 񂤅

񂤂 񂢗

񂢘 񂤁

񂢗 񂤅 񂤅

1BS /N

񂢗 񂤀 񂤅

񂢖 񂤅 񂤅 񂤅 

񂢗 񂤅 񂤅 񂤅 

񂢘 񂤅 񂤅 񂤅 

񂢗 񂤀

񂢙 񂤅 񂤅 񂤅 

񂤀 񂤅 񂤅 񂤅 

񂤁 񂤅 񂤅 񂤅 

񂤂 񂤅 񂤅 񂤅 

񂤀 񂤅 񂤅 񂤅 񂤅 

񂤅 񂤅 

1PUFODJB L8

񂢖 񂤅 񂤅 1PUFODJB L8

1BS /N

1PUFODJB L8

1PUFODJB L8

񂢘 񂤅 񂤅

񂢖 񂤅 񂤅 񂤅 

񂢗 񂤅 񂤅 񂤅 

񂢘 񂤅 񂤅 񂤅 

񂢙 񂤅 񂤅 񂤅 

񂤀 񂤅 񂤅 񂤅 

3©HJNFO SQN

񂤃 񂤅 񂤅 񂤅

3©HJNFO SQN

1BSJNQSFTJPOBOUF HSBOF𶉁 DJFODJB NFOPTFNJTJPOFTFM NPUPSEJ©TFMDPOUVSCPDPNQSFTPSEFNBZPSQPUFODJBEFM OVFWP#.89𶅑 Y%SJWF𶅐 𶅘 E

1PEFSPTP EFS©HJNFOFMFWBEP WJHPSPTPFMNPUPS 5XJO1PXFS5VSCPEFMOVFWP#.89𶅑 Y%SJWF𶅑 𶅓 J

#.89񂌙 Y%SJWF񂌙 񂌡 J &OFMOVFWPTFJTDJMJOESPTFOM­OFBEFM#.89𶅑 Y%SJWF𶅑 𶅓 J MBTUFDOPMPH­BT N¡TBWBO[BEBT DPNP#.85XJO1PXFS5VSCP )JHI1SFDJTJPO*OKFDUJPOZ 7"-7&530/*$ SFEVDFOTJHOJ𶉁 DBUJWBNFOUFFMDPOTVNP4VT𶅑 𶅘 𶅔 $7𶅉 EF QPUFODJBZTVQBSN¡YJNPEF𶅒 𶅘 𶅘 /N ZBBVOS©HJNFOFYUSFNBEBNFOUF CBKPEF𶅉 𶅐 𶅘 𶅘 SQN QFSNJUFOBDFMFSBSFMOVFWP#.89𶅑 EFTEF𶅘 B𶅉 𶅘 𶅘 LNI FOT³MP𶅓 𶅕 TFHVOEPT5PEPFMMPDPOVODPOTVNPNFEJPEFºOJDBNFOUF 𶅖 𶅖 MJUSPTDBEB𶅉 𶅘 𶅘 LN 񂤧

#.89񂌙 Y%SJWF񂌘 񂌤 J񂌘 &OFM#.89𶅑 Y%SJWF𶅐 𶅖 J FMTJMFODJPTPNPUPSEFHBTPMJOBEFTFJTDJMJOESPT FOM­OFBEF𶅐 𶅓 𶅖 $7𶅉 ZVOQBSN¡YJNPEF𶅑 𶅉 𶅘 /NPGSFDFVODPOTVNP F𶉁 DJFOUF&MEPCMF7"/04DPOTJHVFVOEFTBSSPMMPJEFBMEFMQBSNPUPS FOUPEBMBHBNBEFSFWPMVDJPOFT(SBDJBTB7"-7&530/*$ FMNPUPS SFTQJSBDPONBZPSMJCFSUBEZEFTQMJFHBNFKPSUPEBTVQPUFODJBDPOVO NFOPSDPOTVNP&MSFTVMUBEPFTVOBBDFMFSBDJ³OEF𶅘 B𶅉 𶅘 𶅘 LNIFO 𶅔 𶅗 TFHVOEPT

#.89񂌙 Y%SJWF񂌙 񂌦 E񂌙 $PNPFMNFKPSEFTVDBUFHPS­B FM#.89𶅑 Y%SJWF𶅑 𶅘 E PGSFDFMBTN¡YJNBT QSFTUBDJPOFTDPOVOBQSPWFDIBNJFOUP³QUJNPEFMDPNCVTUJCMF&TUFNPUPS EJ©TFMEFTFJTDJMJOESPTFOM­OFBEF𶅐 𶅓 𶅖 $7𶅉 QSPQPSDJPOBVOJNQSFTJPOBOUF QBSEF𶅓 𶅔 𶅘 /NZBB𶅐 𶅘 𶅘 𶅘 SQN1BSBBDFMFSBSEF𶅘 B𶅉 𶅘 𶅘 LNIT³MPOFDFTJUB 𶅔 𶅐 TFHVOEPT WBMPSQSPWJTJPOBM ZFMDPOTVNPNFEJPFTEFºOJDBNFOUF 𶅔 𶅘 MJUSPT WBMPSQSPWJTJPOBM DBEB𶅉 𶅘 𶅘 LJM³NFUSPT

#.89񂌙 Y%SJWF񂌘 񂌦 E -BºMUJNBUFDOPMPH­B$PNNPO3BJMZVOUVSCPDPNQSFTPSDPOHFPNFUS­B EFUVSCJOBWBSJBCMFNVFWFOFMOVFWP#.89𶅑 Y%SJWF𶅐 𶅘 E$PNPFMNFKPS EFTVDBUFHPS­B TVDPOTVNPNFEJPFTEF𶅓 𶅔 MJUSPTDBEB𶅉 𶅘 𶅘 LN4VT 𶅉 𶅖 𶅒 $7𶅉 EFNVFTUSBOTVFYUSBPSEJOBSJBF𶉁 DBDJB ZTVSFOEJNJFOUPSFTVMUB DPOWJODFOUFDPOVOQBSN¡YJNPEF𶅑 𶅖 𶅘 /N FMWFI­DVMPBDFMFSBFOUBO T³MP𶅖 𶅓 TFHVOEPTEF𶅘 B𶅉 𶅘 𶅘 LNI

XXXCNXFT

-BJOGPSNBDJ³OTPCSFFMDPOTVNPEFDPNCVTUJCMFZMBTFNJTJPOFTEF$0𶅐 QVFEFFODPOUSBSTFFOMBT Q¡HJOBT𶅔 𶅒 ]𶅔 𶅓  %JTQPOJCMFQSPCBCMFNFOUFBQBSUJSEFM𶅒 zUSJNFTUSFEF𶅐 𶅘 𶅉 𶅘  %JTQPOJCMFQSPCBCMFNFOUFBQBSUJSEFM𶅐 zUSJNFTUSFEF𶅐 𶅘 𶅉 𶅉 

𶅉 

𶅐  𶅑 

  .PUPSFT


ัถ3&-+&4&"-.9*.0 */$-640&/-04 53":&$504.4&9*(&/5&4ัท 4FOUJSTFUPUBMNFOUFTFHVSPZDยณNPEPJODMVTPFOMBDPOEVDDJยณOEFQPSUJWBQFSNJUFEJTGSVUBSBMNยกYJNP&OFM OVFWP#.89๐ถ…‘ TPOMBTJOOPWBEPSBTUFDOPMPHยญBTEFMDIBTJTMBTSFTQPOTBCMFTFOHSBONFEJEBEFFTB TFOTBDJยณO#.8IBQVFTUPUPEPEFTVQBSUFQBSBRVFQVFEBEJTGSVUBSSFMBKBEPEFMPTSFDPSSJEPTNยกTFYJHFOUFT

&4*.104*#-&%&4$3*#*3-"4&/4"$*/26&4& &91&3*.&/5""-70-"/5&%&-/6&70#.89๑‚Œ™ 1&30 "2616&%&-&&3$.04&130%6$& &MSFQBSUPEFMQFTPFOUSFFKFTFOMBSFMBDJยณOBQSPYJNBEBEF๐ถ…“ ๐ถ…˜ ๐ถ…“ ๐ถ…˜ QFSNJUFBMOVFWP#.89๐ถ…‘ NBOUFOFSTFTFHVSPFOMBUSBZFDUPSJB4VSFTQVFTUB OFVUSB MBHSBOGJEFMJEBEBMBUSBZFDUPSJBZVOBFYDFMFOUFNPUSJDJEBEQSPQPSDJPOBOVOEJOBNJTNPRVFPGSFDFVOBFYQFSJFODJBEFDPOEVDDJยณO FTQFDJBMNFOUFJOUFOTB4VOVFWPFKFUSBTFSPEFDJODPCSB[PTBTFHVSBBEFNยกTVOBSFTQVFTUBTFOTJCMFEFMBBNPSUJHVBDJยณOZ HSBDJBTBFMMP VO FYDFMFOUFDPOGPSUEFNBSDIB1FSPFTUFDIBTJTยกVODBQB[EFNยกTDPTBTา€

4JTUFNBY%SJWF$POIPKBT MMVWJBPOJFWF HSBDJBTBMTJTUFNBJOUFMJHFOUF EFUSBDDJยณOBMBTDVBUSPSVFEBT#.8Y%SJWFZBM$POUSPM%JOยกNJDPEF &TUBCJMJEBE %4$ TV#.8TFNBOUJFOFFTUBCMFZ๐ถ‰ FMBTVUSBZFDUPSJB&M TJTUFNBY%SJWFSFBDDJPOBJONFEJBUBNFOUFFODVBOUPEFUFDUBVOBUFOEFODJB BTPCSFWJSBSPTVCWJSBSCBTยกOEPTFFOFMNPWJNJFOUPEFMWPMBOUFZFMHJSPEF MBTSVFEBT$POBZVEBEFVOFNCSBHVFNVMUJEJTDPSFHVMBEPFMFDUSยณOJDBNFOUF  USBOTNJUFEFNBOFSB๐ถ‰‚ FYJCMFMBGVFS[BNPUSJ[BMPTFKFTFOVOBGSBDDJยณOEF TFHVOEPZBTFHVSBVOBUSBDDJยณOยณQUJNB %ZOBNJD%SJWJOH$POUSPM4JMPEFTFB DPOTยณMPQVMTBSVOCPUยณO FMOVFWP #.89๐ถ…‘ TFBEBQUBBTVTOFDFTJEBEFT&OGVODJยณOEFMNPEPFMFHJEP  /PSNBM 4QPSUP4QPSU TFNPEJ๐ถ‰ DB QPSFKFNQMP MBSFTQVFTUBEFMBDFMFSBEPS ZMBBTJTUFODJBBMBEJSFDDJยณO EJTQPOJCMFFODPNCJOBDJยณODPOMBEJSFDDJยณO EFQPSUJWBWBSJBCMF FM$POUSPMEJOยกNJDPEFMBBNPSUJHVBDJยณOPFMDBNCJP BVUPNยกUJDPEFQPSUJWP4UFQUSPOJDEF๐ถ…– WFMPDJEBEFT  %JSFDDJยณOEFQPSUJWBWBSJBCMF&TUFTJTUFNB PQDJPOBM BEBQUBMBSFTJTUFODJB EFMWPMBOUFEFGPSNBWBSJBCMFBMBWFMPDJEBE-BEFTNVMUJQMJDBDJยณOTFBKVTUB DPOTUBOUFZQSPHSFTJWBNFOUFFOGVODJยณOEFMHJSPEFMWPMBOUF%FFTBGPSNB  TFFYQFSJNFOUBNยกTDPOGPSUBMBQBSDBS NยกTBHJMJEBEFOMPTUSBNPTTJOVPTPT ZNยกTTFHVSJEBEBWFMPDJEBEFTFMFWBEBT

  #BTUJEPSZTFHVSJEBE

1FSGPSNBODF$POUSPM&MTJTUFNB PQDJPOBM NFKPSB FODPNCJOBDJยณO DPOFMTJTUFNBJOUFMJHFOUFEFUSBDDJยณOBMBTDVBUSPSVFEBTY%SJWFEF #.8 FMDPNQPSUBNJFOUPFOMBTDVSWBTHSBDJBTBTVTJOUFSWFODJPOFT EJOยกNJDBTFOFMNPUPSZMPTGSFOPT $POUSPMEJOยกNJDPEFMBBNPSUJHVBDJยณO6OTJTUFNB PQDJPOBM RVF BKVTUBMBTDBSBDUFSยญTUJDBTEFMPTBNPSUJHVBEPSFTBMBTEJTUJOUBTTJUVBDJPOFTZ DPOEJDJPOFTEFM๐ถ‰ SNF"TยญTFHBSBOUJ[BTJFNQSFMBNยกYJNBTFHVSJEBEZDPOUSPM


-"4-5*."45&$/0-0("4#.8("3"/5*;"/6/" 4&(63*%"%15*." &OFMOVFWP#.89๐ถ…‘ EJTGSVUBSยกEFUFDOPMPHยญBTEFWBOHVBSEJBEFMBNยกYJNBGJBCJMJEBE6OBTDVBMJEBEFTEFDPOEVDDJยณOTVQFSJPSFTZMBDPOFYJยณOEF TJTUFNBTJOUFMJHFOUFTEFDPOUSPMEFMBTVTQFOTJยณO DPNPFM%4$DPOFMJOOPWBEPSTJTUFNBEFUSBDDJยณOJOUFMJHFOUFBMBTDVBUSPSVFEBT#.8Y%SJWF  TPOFOยฉMMBOPSNB$PNPDPOEVDUPS EJTQPOFEFMBTUFDOPMPHยญBTNยกTBWBO[BEBTRVFMFBQPZBSยกOEFGPSNBยณQUJNBFODVBMRVJFSTJUVBDJยณO%FFTB GPSNB TJFNQSFTFTFOUJSยกTFHVSP DPOJOEFQFOEFODJBEFMBTDPOEJDJPOFTEFMBDBSSFUFSB

๐ถˆ„ $POUSPM%JOยกNJDPEF&TUBCJMJEBE %4$ 6OPTTFOTPSFTEFHSBO QSFDJTJยณOEFUFDUBOEFGPSNBQFSNBOFOUFFMFTUBEPEFMWFIยญDVMPFODBEB NPNFOUPZPQUJNJ[BO EBEPFMDBTP TVFTUBCJMJEBEZUSBDDJยณONFEJBOUF JOUFSWFODJPOFTFOMBHFTUJยณOEFMNPUPSZMPTGSFOPT"EFNยกT FMOVFWP #.89๐ถ…‘ EJTQPOFEFVOBTJTUFOUFEFBSSBORVF RVFFWJUBEVSBOUF๐ถ…‰ ๐ถ…“ TFHVOEPT RVFFMWFIยญDVMPTFEFTMJDFIBDJBBUSยกTFOQFOEJFOUFDVBOEPTFTVFMUBFM QFEBMEFMGSFOP%FFTBGPSNB TFGBDJMJUBFMEPNJOJPEFMWFIยญDVMPJODMVTPFO DJSDVOTUBODJBTBEWFSTBTZTFBVNFOUBMBTFHVSJEBEZFMQMBDFSEFDPOEVDJS

๐ถˆ„ $POUSPM%JOยกNJDPEF5SBDDJยณO %5$ &TUFNPEPFTQFDJBMEFM$POUSPM %JOยกNJDPEF&TUBCJMJEBEPGSFDFVOBUSBDDJยณOIBTUBBIPSBJOBMDBO[BCMFFO TJUVBDJPOFTEFDPOEVDDJยณOEFQPSUJWB$POTยณMPQVMTBSVOCPUยณO FTUBGVODJยณO QFSNJUFVONBZPSEFTMJ[BNJFOUPEFMBTSVFEBTZNFKPSB BMQBUJOBSยฉTUBT EFGPSNBDPOUSBMBEB FMBHBSSFTPCSFOJFWFPBSFOBTVFMUB&M%5$SFUSBTB UBNCJยฉOMBJOUFSWFODJยณOEFM$POUSPM%JOยกNJDPEF&TUBCJMJEBETPCSFFMBTGBMUP  QFSNJUJFOEPEFSSBQBKFTDPOUSPMBEPTQBSBPGSFDFSVOBFYQFSJFODJBEF DPOEVDDJยณOBยบONยกTJOUFOTB

๐ถˆ„ "JSCBHT&TUยกOQFSGFDUBNFOUFDPPSEJOBEPTDPOUPEPTMPTEFNยกT DPNQPOFOUFTEFMTJTUFNBEFTFHVSJEBEEFM#.8-PTTFJTBJSCBHT PGSFDFOVOBQSPUFDDJยณOTFMFDUJWBBJSCBHTEFDPOEVDUPSZBDPNQBยฑBOUF  BJSCBHTEFDBCF[BDPOUJOVPTEFMBOUFZEFUSยกTZBJSCBHTMBUFSBMFTEFMBOUF "EFNยกT FMTFOTPSEFWVFMDPJOUFHSBEPNFKPSBMBQSPUFDDJยณOEFMPT PDVQBOUFT*ODMVTPMBQSPUFDDJยณOFTNBZPSQBSBMPTQFBUPOFTHSBDJBTBM DBQยณQBTJWP

๐ถˆ„ )BCJUยกDVMP0GSFDF HSBDJBTBMBFTUSVDUVSBGVODJPOBMDPOTPQPSUFT FTQFDJBMFTZFMFNFOUPTEFVOJยณO BTยญDPNPBMVTPQVOUVBMEFNBUFSJBMFT EFFMFWBEBSFTJTUFODJB VOBTFHVSJEBEQBTJWBยณQUJNBFODBTPEFJNQBDUP GSPOUBM MBUFSBMPUSBTFSP&TUBFTUSVDUVSBEFMBDBSSPDFSยญBDPOUJFOF[POBTEF EFGPSNBDJยณOEFGJOJEBTRVFBCTPSCFOMBFOFSHยญBEFMJNQBDUPZDPOUSJCVZF BTยญBMBQSPUFDDJยณOEFMPTQBTBKFSPT

๐ถˆ„ $POUSPMEF3FUFODJยณOFO3BNQBT )%$ 1FSNJUFRVFFMOVFWP #.89๐ถ…‘ EFTDJFOEBBVUPNยกUJDBNFOUFZDPOTFHVSJEBEBVOBWFMPDJEBE BQFOBTNยกTFMFWBEBRVFMBEFVOBQFSTPOBBQJFFOUSBNPTEFQFOEJFOUF QSPOVODJBEB TJOOFDFTJEBEEFQJTBSFMGSFOP&M)%$TFQVFEFDPOUSPMBS EFTFSJFQPSNFEJPEFMWPMBOUFNVMUJGVODJยณO

๐ถˆ -VDFTBVUPBEBQUBCMFTDPOEJTUSJCVDJยณOWBSJBCMFEFJMVNJOBDJยณO $POMV[EFHJSP MPTGBSPTNยณWJMFTJMVNJOBOEFGPSNBยณQUJNBMBTDVSWBTFO DVBOUPFMWFIยญDVMPFOUSBFOFMMBT-BMV[EFHJSPJOUFHSBEBFOMPTGBSPT BOUJOJFCMBTFFODJFOEFBVUPNยกUJDBNFOUF JODMVTPDPOFMDPDIFQBSBEP BM BDUJWBSMPTJOUFSNJUFOUFTPBMHJSBSFMWPMBOUF

๐ถˆ„ 4JTUFNBEFSFUFODJยณO#.81BSBDPOEVDUPSZBDPNQBยฑBOUF TF DPNQPOFEFVOBDPNCJOBDJยณOEFDJOUVSยณOEFTFHVSJEBEDPO๐ถ…‘ QVOUPTEF BODMBKF UFOTPSZMJNJUBEPSEFGVFS[B BTยญDPNPSFQPTBDBCF[BTBDUJWP%F FTBGPSNB TFDPOTJHVFVOBSFUFODJยณOยณQUJNB RVFQFSNJUFSFEVDJSFMSJFTHP EFVOBUSBVNBUJTNPQPSEFSSBQBKF

๐ถˆ /FVNยกUJDPTDPOGVODJPOBNJFOUPFODBTPEFBWFSยญB(SBDJBTB MPTGMBODPTSFGPS[BEPT MPTOFVNยกUJDPTOPTFIVOEFODPNQMFUBNFOUFOJ TJRVJFSBTJOQSFTJยณOZOPTFEFTQSFOEFOEFMBMMBOUB&M*OEJDBEPSEF 1SFTJยณOEF/FVNยกUJDPT 31" BWJTBBMDPOEVDUPSFODBTPEFQSPEVDJSTF BMHยบOQSPCMFNBDPOยฉTUPT-BTQยฉSEJEBTEFQSFTJยณOMJHFSBTTFJOEJDBO NFEJBOUFVOBMV[FOFMUBCMFSPEFJOTUSVNFOUPT ZMBTNยกTJNQPSUBOUFT DPOVOBWJTPBDยบTUJDP

  #BTUJEPSZTFHVSJEBE

๐ถˆ„ &RVJQBNJFOUPEFTFSJF  ๐ถˆ &RVJQBNJFOUPPQDJPOBM


ัถ/6/$"4"-""5*&.10%&-53"#"+0)0: .&-0--&70$0/.*(0ัท 7JBKPNVDIPQPSUSBCBKPPQPSSB[POFTGBNJMJBSFT1PSFTP FTJNQPSUBOUFTBCFSPSHBOJ[BSTFQBSBBQSPWFDIBS SFBMNFOUFFMUJFNQP4ยณMPEFFTBGPSNBMPHSPIBDFSUPEPMPRVFNFIFQSPQVFTUPQBSBMBKPSOBEB&OFMOVFWP #.89๐ถ…‘ QVFEPIBDFSMPUPEP TJOQFSEFSUJFNQPEFTEFFTDVDIBSFMDPSSFPFMFDUSยณOJDPFOWP[BMUBIBTUB QSPHSBNBSSVUBTEFWJBKF

#.8$0//&$5&%%3*7&-"*/5&3$0/&9*/ */5&-*(&/5&&/53&$0/%6$503 7&)$6-0 :.6/%0&95&3*03 /VFTUSPNVOEPFTUยกDBEBEยญBNยกTJOUFSDPOFDUBEP1BSBFMDPOEVDUPSEFVO#.8FTOPSNBMRVFTVWFIยญDVMPMFQFSNJUBJOUFSDPOFDUBSTFDPOFMFYUFSJPS ZSFDJCJSJOGPSNBDJยณO DPNVOJDBSTFUFMFGยณOJDBNFOUFPQPSDPSSFPFMFDUSยณOJDPZNBOUFOFSTFTJFNQSFBMEยญBEFMBTยบMUJNBTOPUJDJBT&MDPODFQUP #.8$POOFDUFE%SJWFSFยบOFUPEBTMBTQPTJCJMJEBEFTEFJOUFSDPOFYJยณOEFMPTWFIยญDVMPT#.8ZTVTPDVQBOUFTDPOFMNVOEPFYUFSJPS-BTJOOPWBDJPOFT EF#.8$POOFDUFE%SJWF PQDJPOBM QSPQPSDJPOBONยกTTFHVSJEBE DPOGPSU JOGPSNBDJยณOZFOUSFUFOJNJFOUP $PNPEJEBE&TUBTGBTDJOBOUFTJOOPWBDJPOFTEF#.8$POOFDUFE%SJWFDPNCJOBOGVODJPOFTPSJFOUBEBTBMTFSWJDJPDPNP QPSFKFNQMP MBDยกNBSB QBSBNBSDIBBUSยกTDPO5PQ7JFXQBSBPGSFDFSVONBOFKPNยกTDยณNPEPEFMWFIยญDVMP%FFTUFNPEP DPOEVDJSยกFOUPEPNPNFOUPTV#.8DPOMB NยกYJNBUSBORVJMJEBEQPTJCMF $POUSPMEFEJTUBODJBFOBQBSDBNJFOUPDPODยกNBSBQBSBNBSDIB BUSยกTZ5PQ7JFX .JFOUSBTRVFFM$POUSPMEFEJTUBODJBFOBQBSDBNJFOUP 1%$ GBDJMJUBFMBQBSDBNJFOUPDยณNPEPZTFHVSPNFEJBOUFTFยฑBMFTยณQUJDBT ZBDยบTUJDBT FMTJTUFNB5PQ7JFXPGSFDFBMDPOEVDUPSVOBWJTJยณOEFMFOUPSOP JONFEJBUPEFMWFIยญDVMPEVSBOUFEJDIBTNBOJPCSBT4FNVFTUSBVOBWJTUB BยฉSFBEFM#.8FOFMEJTQMBZEFDPOUSPM"EFNยกT MBDยกNBSBQBSBNBSDIB BUSยกTNFKPSBMBWJTJCJMJEBEDVBOEPTFDJSDVMBIBDJBBUSยกTBNFOPTEF๐ถ…‰ ๐ถ…“ LNI FOMBTNBOJPCSBTEFFTUBDJPOBNJFOUP

"DDFTPDPOGPSU  &TUFTJTUFNBQFSNJUFBCSJSZDFSSBSFMWFIยญDVMP BTยญDPNPBSSBODBSMP TJO FMNBOEPBEJTUBODJB"MUPDBSMBNBOJMMBFYUFSJPSEFMBTQVFSUBTEFMBOUFSBT PFMQPSUยณOUSBTFSP TFFTUBCMFDFVOBDPNVOJDBDJยณOQPSSBEJPFOUSFFM WFIยญDVMPZFMNBOEPBEJTUBODJBQBSBFGFDUVBSMBJEFOUJ๐ถ‰ DBDJยณO4JUPEP FTUยกFOPSEFO FMTJTUFNBEFDJFSSFDFOUSBMJ[BEPEFTCMPRVFBFMWFIยญDVMPZTF BCSFMBQVFSUBPFMQPSUยณOUSBTFSP4JFMNBOEPBEJTUBODJBFTSFDPOPDJEP QPSVOBEFMBTBOUFOBTJOUFSJPSFTEFMWFIยญDVMP QVFEFBSSBODBSTFFMNPUPS TJOMMBWFQVMTBOEPTJNQMFNFOUFFMCPUยณO4UBSU4UPQ

3FUSPWJTPSJOUFSJPS DPOBKVTUFBVUPNยกUJDPBOUJEFTMVNCSBNJFOUP  1BSBNFKPSBSMBTFHVSJEBEZFMDPOGPSUQPSMBOPDIF 3FUSPWJTPSFTJOUFSJPSZFYUFSJPSFT DPOBKVTUFBVUPNยกUJDPBOUJ EFTMVNCSBNJFOUP -PTFYUFSJPSFTTPOQMFHBCMFT

&RVJQBNJFOUPTPQDJPOBMFT

  #.8$POOFDUFE%SJWF


*OGPSNBDJยณOZFOUSFUFOJNJFOUP&TUFFOUPSOPQPOFBTVEJTQPTJDJยณOTFSWJDJPTPSJFOUBEPTBMBUยฉDOJDBZMPTNFEJPTEFDPNVOJDBDJยณODPNP QPS FKFNQMP MBDPOFYJยณO64#DPOGVODJPOFTBNQMJBEBT RVFMFPGSFDFOFOFMWFIยญDVMPJOGPSNBDJยณOZFOUSFUFOJNJFOUP DPNPTJFTUVWJFSBFOTVDBTBPPGJDJOB

$POFYJยณO#MVFUPPUIDPONยกTGVODJPOFT 0G๑‚ท DF :BQVFEFBQSPWFDIBS DPONยกTF๐ถ‰ DBDJBFMUJFNQPRVFQBTBFOFMWFIยญDVMP(SBDJBTBMBDPOFYJยณO PQDJPOBM EFEJTQPTJUJWPTDPO#MVFUPPUIZ64# FODPNCJOBDJยณODPOVO TJTUFNBEFOBWFHBDJยณO ZBMBJOUFHSBDJยณOJOUFMJHFOUFEFEFUFSNJOBEPT UFMยฉGPOPTNยณWJMFT FTQPTJCMFWJTVBMJ[BSDPODPNPEJEBEEVSBOUFMPTWJBKFT  NFEJBOUFMBTGVODJPOFT0G๐ถ‰ DFDPO#MVFUPPUI DPSSFPFMFDUSยณOJDP DJUBT  FODBSHPTP4.4FOFMEJTQMBZEFDPOUSPMPFTDVDIBSTFQPSMPTBMUBWPDFTEFM FRVJQPEFTPOJEPNFEJBOUFMBGVODJยณOEFDPOUSPMQPSWP[#MVFUPPUI "VEJP4USFBNJOHSFQSPEVDFTJODPOFYJยณOBSDIJWPTEFNยบTJDBFOEFUFSNJOBEPT EJTQPTJUJWPT๐ถ… DPNQBUJCMFTDPO#MVFUPPUI

"TJTUFOUFEFMV[EFDBSSFUFSB :BOPEFTMVNCSBSFNPTJOWPMVOUBSJBNFOUF BMPTEFNยกT&MBTJTUFOUFEFMV[EFDBSSFUFSBPQDJPOBMSFDPOPDFMBTGVFOUFT MVNJOPTBT ZBDUJWBPEFTBDUJWBMBMV[EFDBSSFUFSBEFQFOEJFOEPEFMUSยก๐ถ‰ DP $POFMTJTUFNBBDUJWP VOTFOTPSTJUVBEPFOMBQBSUFQPTUFSJPSEFMSFUSPWJTPS JOUFSJPSWJHJMBFMUSยก๐ถ‰ DPZMBJMVNJOBDJยณOBNCJFOUBM&MBTJTUFOUFEFUFSNJOBFO GVODJยณOEFFTUPTEBUPTTJTFEFCFFODFOEFSPOPMBMV[EFDBSSFUFSB$VBOEP PUSPTWFIยญDVMPTDJSDVMBOEFMBOUFEFOPTPUSPTPFOEJSFDDJยณODPOUSBSJB P DVBOEPMBTDPOEJDJPOFTEFJMVNJOBDJยณOBNCJFOUBMTPOTV๐ถ‰ DJFOUFT MBMV[ EFDBSSFUFSBTFWVFMWFBBQBHBS

$POFYJยณO64#DPONยกTGVODJPOFT $POMBDPOFYJยณO64# PQDJPOBM Z FMDBCMF64#PSJHJOBMEFJ1PE QVFEFWFSTFMBDBSยกUVMBEFMยกMCVNEFMB QJTUBRVFFTUยกTPOBOEPFOFMEJTQMBZEFDPOUSPMEFTV#.8QBSBGBDJMJUBSZ BHJMJ[BSMBJEFOUJ๐ถ‰ DBDJยณOEFMBSUJTUB FTUBGVODJยณOUBNCJยฉOFTUยกEJTQPOJCMF QBSBPUSPTUFSNJOBMFT .FEJBOUFMBDPOFYJยณO64#UBNCJยฉOQVFEFBDUVBMJ[BSTF GยกDJMNFOUFFOTV#.8QBSUFEFMTPGUXBSFEFยฉTUF%FFTUFNPEP FT QPTJCMFBQSPWFDIBSUPEBTMBTQSFTUBDJPOFTEFMPTOVFWPTUFMยฉGPOPTNยณWJMFT ZSFQSPEVDUPSFTEFNยบTJDBUSBTMBBDUVBMJ[BDJยณODPOMBNFNPSJB64#

)FBE6Q%JTQMBZ 1BSBNBOUFOFSTFTJFNQSFDPODFOUSBEPFOFMUSยก๐ถ‰ DP  FTQPTJCMFEJTQPOFSFOFMOVFWP#.89๐ถ…‘ EFM)FBE6Q%JTQMBZ PQDJPOBM  -BJOGPSNBDJยณOSFMFWBOUFQBSBMBDPOEVDDJยณOTFQSPZFDUBEJSFDUBNFOUFFO FMDBNQPWJTVBMEFMDPOEVDUPSNFEJBOUFVOBQBOUBMMBFODPMPS5'5&M )FBE6Q%JTQMBZJOGPSNB QPSFKFNQMP BDFSDBEFMBWFMPDJEBEPNVFTUSB JOEJDBDJPOFTEFOBWFHBDJยณO

/BWFHBDJยณO 1VFEFTPMJDJUBSDPNPPQDJยณOFMTJTUFNBEFOBWFHBDJยณO #VTJOFTTP1SPGFTTJPOBMDPOJ%SJWF-BWFSTJยณO#VTJOFTTEJTQPOFEFVO SFQSPEVDUPSEF$%ZVOBNFNPSJBJOUFHSBEBQBSBEBUPTEFOBWFHBDJยณO  ZMB1SPGFTTJPOBMJODMVZFVOSFQSPEVDUPSEF$%ZVOEJTDPEVSPFOFM RVFQVFEFOHVBSEBSTFNBQBTZBSDIJWPTEFBVEJP&OFMTJTUFNBEF OBWFHBDJยณO#VTJOFTTMBTJOEJDBDJPOFTTFSFBMJ[BODPONBQBTDPOWJTUB BยฉSFBZ๐ถ‰‚ FDIBTFMTJTUFNB1SPGFTTJPOBMPGSFDFBEFNยกTEFMBGVODJยณOEF EJWJTJยณOEFQBOUBMMBZSFQSFTFOUBDJยณOEFNBQBTFOQFSTQFDUJWBPFO WJTUBEFQยกKBSP 

'BSPTCJYFOยณOQBSBGVODJยณOEFMVDFTEFDSVDFZDBSSFUFSB $PO BOJMMPTMVNJOPTPT-&%QBSBBMVNCSBEPEJVSOPZHSVQPTยณQUJDPTUSBTFSPT EFEJTFยฑPJOUFHSBEP MBWBEPEFGBSPTZSFHVMBDJยณOBVUPNยกUJDBEFMBMDBODF EFMBTMVDFT JMVNJOBOMBDBSSFUFSBEFGPSNBยณQUJNBEFOPDIFZFODPOEJDJPOFT EFWJTJCJMJEBEBEWFSTBT

๐ถ…‰  &ODPOUSBSยกNยกTJOGPSNBDJยณOTPCSFMPTEJTQPTJUJWPTDPNQBUJCMFTFOXXXCNXFT ๐ถ…  &ODPOUSBSยกNยกTJOGPSNBDJยณOTPCSFMBBDUVBMJ[BDJยณOEFMTPGUXBSFFOXXXCNXFT &RVJQBNJFOUPTPQDJPOBMFT

  #.8$POOFDUFE%SJWF

4FHVSJEBE-BTPGFSUBTEF#.8$POOFDUFE%SJWFFOFTUFFOUPSOPDFOUSBMDPNQSFOEFOTFSWJDJPTPSJFOUBEPTBMBTFHVSJEBERVFNJOJNJ[BO OPUBCMFNFOUFMPTQFMJHSPTEFMUSยกGJDPQBSBFMDPOEVDUPSZMPTPDVQBOUFTFODBSSFUFSB QPSFKFNQMP QPSNFEJPEFMTJTUFNB)FBE6Q%JTQMBZ

&RVJQBNJFOUPTPQDJPOBMFT


6/" $0.#*/"$*/ (&/*"-

&MJOHFOJFSPJOEVTUSJBM+BO ,SFUTDINFSEJSJHFEFTEF FMHSVQPFODBSHBEP EFMBTDBKBTEFDBNCJPT BVUPNยกUJDBTEF#.8 5SBCBKBFO#.8EFTEF ZGVFBOUFSJPSNFOUF SFTQPOTBCMF FOUSFPUSBT DPTBT EFMDBNCJP4.( TFDVFODJBM

  $BNCJPBVUPNยกUJDP4UFQUSPOJDEFWFMPDJEBEFT

BSSBODBSSยกQJEBNFOUF FMDBNCJPOFDFTJUBVOB QSFTJยณOEFBDFJUFTV๐ถ‰ DJFOUF RVFQPSMPHFOFSBM MBHFOFSBFMNPUPSFONBSDIB1PSFTPMPJOHFOJFSPT JOUFHSBSPOFOFMDBNCJP QBSBMBGVODJยณO"VUP 4UBSU4UPQ VOQFRVFยฑPBDVNVMBEPSEFQSFTJยณO -BGVFS[BBMNBDFOBEBFOFMNJTNPQSPEVDFFO FMOVFWPDBNCJPMBVOJยณOPTFQBSBDJยณOJOTUBOUยกOFB EFMPTFOHSBOBKFTOFDFTBSJPTQBSBFMBSSBORVF 6OEFTBSSPMMPJOUFMJHFOUFQBSBBMDBO[BSMBNยกYJNB F๐ถ‰ DBDJBKVOUPDPOFMFMFWBEPHSBEPEFSFOEJNJFOUP ZVOBJOUFSWBMPEFSFMBDJPOFTEFDBNCJPNยกT BNQMJP MBGVODJยณO"VUP4UBSU4UPQQSPEVDFVO BIPSSPEFDPNCVTUJCMFEFFOUSFFM๐ถ…• ZFM๐ถ…–  1FSPFMOVFWPDBNCJPBVUPNยกUJDPEF๐ถ…– WFMPDJEBEFT OPTยณMPSFTVMUBNยกTF๐ถ‰ DB[ TJOPRVFFOUSFTVT WFOUBKBT๐ถ‰ HVSBUBNCJยฉOVODPOGPSURVFBQFOBT QVFEFTVQFSBSTF5PEPTMPTOVFWPTNPEFMPT #.89๐ถ…‘ JODMVZFOFMDBNCJPBVUPNยกUJDP EFM#.84FSJF๐ถ…•  QBSBFM#.8Y%SJWF๐ถ… ๐ถ…˜ E FTUยกEJTQPOJCMFDPNPPQDJยณO -PTJOHFOJFSPT ยบOJDBNFOUFIBOUFOJEPRVFBEBQUBSMBT EJNFOTJPOFTEFMBTQJF[BTNPOUBEBT -BDBKBEFMOVFWP#.89๐ถ…‘ SFBMJ[BMPTDBNCJPT EFNBSDIBDPOFTQFDJBMTVBWJEBEZQSFDJTJยณO $PNPTJEFVODPOEVDUPSFYQFSUPTFUSBUBSB  BOUFTEFMBTDVSWBTJOUSPEVDFVOBNBSDIBDPSUB QBSBBDFMFSBSTFHVJEBNFOUFEFNBOFSBยณQUJNB %VSBOUFMPTQSPMPOHBEPTEFTDFOTPTEFNPOUBยฑBT TFSFEVDFEFWFMPDJEBEQBSBBQSPWFDIBSMBGVFS[B EFGSFOBEPEFMNPUPS5PEBTFTUBTWFOUBKBT TPOFMSFTVMUBEPEFMUSBCBKPEF+BO,SFUTDINFS ZTVFRVJQP$POBZVEBEFMPTTFOTPSFTEFM WFIยญDVMPTFBOBMJ[BDBEBTJUVBDJยณOZTFTFMFDDJPOB JONFEJBUBNFOUFMBWFMPDJEBERVFNFKPSTF BEFDVF&TUFFYJHFOUFBKVTUFMPTPMVDJPOBOMPT NPUPSRVFMMFWFFMDPOEVDUPS1PSQSJNFSBWF[ FM JOHFOJFSPTEF#.8JOEJWJEVBMNFOUFQBSBDBEB #.89๐ถ…‘ DPODBNCJPBVUPNยกUJDPDPOTVNFVOB WFSTJยณOEFNPUPSEFMOVFWP#.89๐ถ…‘ &MOVFWP DBOUJEBEJHVBM PJODMVTPNFOPS EFDPNCVTUJCMF DBNCJPBVUPNยกUJDPEF๐ถ…– WFMPDJEBEFTPGSFDF  RVFFMNPEFMPFRVJWBMFOUFDPODBNCJPNBOVBM BEFNยกTEFDPOGPSUZF๐ถ‰ DBDJB PUSBTWFOUBKBT +BO,SFUTDINFSEJSJHFFMFRVJQPEFEFTBSSPMMP EFQPSUJWBT&ODBTPEFOFDFTJEBE DBNCJBDPO EF#.8EFDBNCJPTBVUPNยกUJDPTZOBUVSBMNFOUF  NBZPSBHJMJEBERVFVOQJMPUPEFDBSSFSBT QVEJFOEP TFTBCFEFNFNPSJBMBJOHFOJPTBDPNCJOBDJยณO TBMUBSTFQBSBFMMPDVBOUBTWFMPDJEBEFTTFBO ัถ4FUSBUBEFMBยบOJDBEJTQPTJDJยณOQPTJCMFEFDVBUSP OFDFTBSJBT*ODMVTPSFTVMUBQPTJCMFDBNCJBS KVFHPTEFFOHSBOBKFTZDJODPFMFNFOUPTEF EJSFDUBNFOUFEFPDUBWBBTFHVOEBWFMPDJEBE DPOFYJยณOQBSBVOBDBKBEF๐ถ…– WFMPDJEBEFTDPO &TUBQSFDJTJยณOZF๐ถ‰ DJFODJBBDPNQBยฑBOBM FTUFFMFWBEPHSBEPEFF๐ถ‰ DBDJBJOUFSOBัท DPOEVDUPSEFMOVFWP#.89๐ถ…‘ FODBEBLJMยณNFUSP EFMWJBKF 3FWPMVDJยณOFOMVHBSEFFWPMVDJยณO-PTJOHFOJFSPT OVODBBOUFTIBCยญBOUFOJEPUBOUBMJCFSUBEEF 1PDBTWFDFTVOBDBKBEFDBNCJPTOVFWBIB QMBOJ๐ถ‰ DBDJยณO"MQSJODJQJPTยณMPFYJTUยญBVOBIPKBEF NFSFDJEPUBOUPTFMPHJPTDPNPFMDBNCJP QBQFMFOCMBODPRVFIBEBEPQBTPBMB๐ถ‰‚ BNBOUF BVUPNยกUJDP4UFQUSPOJDEF๑‚Œค WFMPDJEBEFTEF DBKBEFDBNCJPTEFNFUBMEFIPZ-PTFOHSBOBKFT #.86ODPODFQUPSFWPMVDJPOBSJPNBSDB QMBOFUBSJPTZMPTFMFNFOUPTEFDPOFYJยณOGVODJPOBO OVFWBTSFGFSFODJBTFOUยฉSNJOPTEFDPOGPSU DPNPFOVODPNQMFKPNFDBOJTNPEFSFMPKFSยญB ZFDPOPNยญB&OFMOVFWP#.89๑‚Œ™ MB "QFTBSEFVONBZPSOยบNFSPEFWFMPDJEBEFTZ JOOPWBEPSBDBKBEFDBNCJPTQPTFFJODMVTP OVFWBTGVODJPOFT FMOVFWPDBNCJPOPPDVQB ๑‚Œ— MBGVODJยณO"VUP4UBSU4UPQ  VOFTQBDJPNBZPSRVFIBTUBBIPSB"QFTBSEF VOBSFTJTUFODJBNยกTFMFWBEB OPQSFTFOUBVO )BDFVOPTDVBUSPBยฑPTVOQFRVFยฑPHSVQPEF QFTPNBZPS1BSBFMDPOEVDUPS MBOPWFEBENยกT JOHFOJFSPTEF#.8DPOTJHVJยณVOHPMQFNBFTUSP JNQPSUBOUFFTMBDPNCJOBDJยณODPOMBGVODJยณO HSBDJBTBVOBDPNCJOBDJยณOHFOJBMEFOยบNFSPT "VUP4UBSU4UPQ5BOQSPOUPDPNPGSFOBIBTUB "QBSUJSEFVOUPUBMEFEJF[NJMMPOFTEFQPTJCMFT EFUFOFSFMWFIยญDVMP NBOUFOJFOEPFMQJFTPCSF WBSJBOUFTEFTDVCSJFSPOMBDPNCJOBDJยณODPSSFDUB FMGSFOP PTFBDUJWBMBGVODJยณOEFSFUFODJยณO $BEBOVFWP#.89๐ถ…‘ DPOFMOVFWPDBNCJP BVUPNยกUJDB TFEFTDPOFDUBFMNPUPS&OFM BVUPNยกUJDPEF๐ถ…– WFMPDJEBEFTTFCFOF๐ถ‰ DJBEFM NPNFOUPRVFMFWBOUBFMQJFEFMGSFOP WVFMWF EFTDVCSJNJFOUP&MDBNCJPQFSNJUFVOBIPSSP BBSSBODBSJONFEJBUBNFOUFFMNPUPS1BSBFM FOUPEPFMNVOEPEFDPNCVTUJCMFHSBDJBTBVOB DPOEVDUPSTFUSBUBEFVOQSPDFTPOPSNBM1FSP ๐ถ…‰ -BGVODJยณO"VUP4UBSU4UPQOPFTUยกEJTQPOJCMFQBSBFM#.89๐ถ…‘  F๐ถ‰ DBDJBIBTUBBIPSBOPBMDBO[BEB/PJNQPSUBFM QBSBMPTJOHFOJFSPTFTDPNQMJDBEP1PSRVFQBSB Y%SJWF๐ถ… ๐ถ…– J

ัถ45"354501ัท


7BSJBOUFTEFFRVJQBNJFOUP

$PMPSFT

&RVJQBNJFOUP

5BCMBT

%BUPTU©DOJDPT

"TQFDUPFMFHBOUF

1SFTFODJBSBEJBOUF

&MOVFWP#.89𶅑 USBOTNJUFVOBEJTDSFUBFMFHBODJBFOFMFYUSBPSEJOBSJPNBUJ[ DPOTVDPTUVSBDMBSBEFDPOUSBTUFPGSFDFVOBHSBEBCMFDPOGPSUFOMPTBTJFOUPT  #MVFXBUFSNFUBMJ[BEP"MBFYQSFTJWJEBEEFMFYUFSJPSDPOUSJCVZFOMBTMMBOUBTEFBMFBDJ³O ZFMDBNCJPBVUPN¡UJDP4UFQUSPOJDEF𶅖 WFMPDJEBEFTQSPQPSDJPOBVOBDPNPEJEBE MJHFSBEF𶅉 𶅕 QVMHBEBTBFSPEJO¡NJDBTFTUJMP𶅑 𶅘 𶅔  PQDJPOBM ZBMBEFMJOUFSJPS MBT EFNBSDIBJODPNQBSBCMF NPMEVSBTEFDPSBUJWBTFONBEFSBOPCMF'JOFMJOF8BWF&MDVFSP/FWBEB)BWBOOB

&MOVFWP#.89𶅑 FTU¡EJTQPOJCMF QPSFKFNQMP FO7FSNJMJPOSPUNFUBMJ[BEP+VOUP DPOMBTMMBOUBTEFBMFBDJ³OMJHFSBEF𶅉 𶅖 QVMHBEBTDPOSBEJPTFO:FTUJMP𶅑 𶅘 𶅖  PQDJPOBMFT ZFMFRVJQBNJFOUP9-JOF TFDPOTJHVFVOBTQFDUPEFQPSUJWPZFMFHBOUF RVFUJFOFTVBSNPOJPTBDPOUJOVBDJ³OFOFMJOUFSJPS DPOBTJFOUPTEFQPSUJWPT

7FI­DVMPNPTUSBEPDPOFRVJQBNJFOUPPQDJPOBM

  7BSJBOUFTEFFRVJQBNJFOUP

#.84FSWJDF

PQDJPOBM FODVFSP/FWBEB4DIXBS[DPODPTUVSBCMBODBEFDPOUSBTUFZNPMEVSBT JOUFSJPSFTFOBMVNJOJPDPOSFDUJ𶉁 DBEPMPOHJUVEJOBM&OQPDBTQBMBCSBTVOBVUPN³WJM RVFJSSBEJBEJTUJODJ³OIBTUBFOFMN¡TN­OJNPEFUBMMF


7BSJBOUFTEFFRVJQBNJFOUP

$PMPSFT

&RVJQBNJFOUP

5BCMBT

%BUPTU©DOJDPT

#.84FSWJDF

%JO¡NJDPIBTUBFOFMºMUJNPEFUBMMF1BRVFUFEFQPSUJWP. (SBDJBTBVOBDPNCJOBDJ³OEFEFUBMMFTWJTVBMFTZ U©DOJDPT FMQBRVFUFEFQPSUJWP.DPOTJHVFRVFFM EJOBNJTNPEFMOVFWP#.89𶅑 TFBDMBSBNFOUF QFSDFQUJCMF  𶈁 1BRVFUFEFQPSUJWP.񂌗 4VHJFSFEFQPSUJWJEBEBQSJNFSBWJTUB&OFMFYUFSJPS  FMBDBCBEP4IBEPX-JOFEFCSJMMPJOUFOTP#.8*OEJWJEVBMEFMBTNPMEVSBTEF MBTWFOUBOJMMBTZMPTDBSSJMFTMPOHJUVEJOBMFTQBSBMBCBDBDPOUSJCVZFBUSBOTNJUJSFTUB TFOTBDJ³O&MQBRVFUFBFSPEJO¡NJDPSFGVFS[BFTUBJNQSFTJ³O QPSFKFNQMP DPO TVTQBSBHPMQFTEFMBOUFSPZUSBTFSP FMSFDVCSJNJFOUPEFMBTFTUSJCFSBTZMBTNPMEVSBT FOMPTQBTPTEFSVFEBQJOUBEBTFOFMDPMPSEFEFMBDBSSPDFS­B-BTMMBOUBTEF BMFBDJ³OMJHFSBEF𶅉 𶅗 QVMHBEBTDPOSBEJPTEPCMFTFTUJMP𶅑 𶅔 𶅗 . PQDJPOBM JMVTUSBEBT BRV­ DPOOFVN¡UJDPTEFEJTUJOUBTEJNFOTJPOFT𶅐  MMBOUBTEFBMFBDJ³OMJHFSBEF 𶅉 𶅖 QVMHBEBTSBEJPTFOFTUSFMMBFTUJMP𶅑 𶅔 𶅖 .EFTFSJF ZFMDPMPSFYUFSJPS"MQJOXFJTT DPNQMFNFOUBOMBJNBHFOBMBQFSGFDDJ³O4JMPEFTFB QVFEFFMFHJSPUSPDPMPS  DPNP$BSCPOTDIXBS[NFUBMJ[BEP EJTQPOJCMFFOFYDMVTJWBQBSBFMQBRVFUF EFQPSUJWP.&OFMJOUFSJPS MPTBTJFOUPTEFQPSUJWPTFOVOBFYDMVTJWBDPNCJOBDJ³O EFUFMBZDVFSPѶ1FBSMQPJOUѷ"OUISB[JU FMWPMBOUF.EFDVFSP MBTNPMEVSBT JOUFSJPSFTFOBMVNJOJPDPOSFDUJ𶉁 DBEPMPOHJUVEJOBMZFMHVBSOFDJEPJOUFSJPSEFMUFDIP #.8*OEJWJEVBMBOUSBDJUBPGSFDFOVOBQSFTFODJBNBSDBEBNFOUFEFQPSUJWB&M QBRVFUFEFQPSUJWP.TFDPNQMFNFOUBDPOMBTVTQFOTJ³OEFQPSUJWB.EFUBSBEP FTQFDJBMZ FOMPTNPEFMPTEFTFJTDJMJOESPT DPOMBEJSFDDJ³OEFQPSUJWBWBSJBCMF "EFN¡T FOFMNPEFMPTVQFSJPS#.89𶅑 Y%SJWF𶅑 𶅓 J JMVTUSBEPBRV­ TFJODMVZFFM DBNCJPBVUPN¡UJDPEFQPSUJWP4UFQUSPOJDEF𶅖 WFMPDJEBEFT

&TUSJCFSBT.$PONPMEVSBTDSPNBEBTZFMBOBHSBNB. MMBNBOFTQFDJBMNFOUF MBBUFODJ³O

𶅉

7PMBOUFEFDVFSP.$PONVMUJGVODJ³O FYDFMFOUFBHBSSFHSBDJBTBMNBZPSHSPTPS EFMBSP&ODPNCJOBDJ³ODPOFMDBNCJPNBOVBM FTU¡FRVJQBEPDPOQBMBODB EFDBNCJPDPSUBZFNCMFNB.&MGVFMMFEFMBQBMBODBEFDBNCJPFTEFDVFSP 8BMLOBQQB

  1BRVFUFEFQPSUJWP. 𶅐

"TJFOUPTEFQPSUJWPTFOMBFYDMVTJWBDPNCJOBDJ³OEFUFMBZDVFSPѶ1FBSMQPJOUѷ "OUISB[JU

&RVJQBNJFOUPPQDJPOBMEJTQPOJCMFBQBSUJSEFBCSJMEF𶅐 𶅘 𶅉 𶅉  $PNCJOBDJ³OEFMMBOUBTZOFVN¡UJDPTNVZEFQPSUJWBQBSBTVTQFOTJ³OSFCBKBEBRVFMJNJUBMBDPNPEJEBE


7BSJBOUFTEFFRVJQBNJFOUP

$PMPSFT

&RVJQBNJFOUP

$PMPSFTEFMBDBSSPDFS­B

񂍦 4³MJEP𶅔 𶅔 𶅖 4DIXBS[

񂍦 4³MJEP𶅑 𶅘 𶅘 "MQJOXFJTT

񂍣 .FUBMJ[BEP𶅒 𶅕 𶅓 4BQIJSTDIXBS[

񂍣 .FUBMJ[BEP𶅑 𶅓 𶅒 5JUBOTJMCFS

񂍣 .FUBMJ[BEP"𶅓 𶅐 4QBDFHSBV

񂍣 .FUBMJ[BEP"𶅉 𶅒 .JOFSBMTJMCFS

񂍣 .FUBMJ[BEP"𶅖 𶅐 7FSNJMJPOSPU

񂍣 .FUBMJ[BEP"𶅕 𶅔 5JFGTFFCMBV

񂍣 .FUBMJ[BEP𶅖 𶅗 𶅔 #MVFXBUFS

񂍣 .FUBMJ[BEP#𶅘 𶅔 4QBSLMJOH#SPO[F

񂍣 .FUBMJ[BEP𶅒 𶅉 𶅔 $BSCPOTDIXBS[𶅉

 $PMPSFTEFMBDBSSPDFS­B$PMPSFTEFMBUBQJDFS­B

𶈄 &RVJQBNJFOUPEFTFSJF  𶈁 &RVJQBNJFOUPPQDJPOBM


5BCMBT

%BUPTU©DOJDPT

#.84FSWJDF

$PMPSFTEFMBUBQJDFS­B

񂍦 5FMB3JCCPO":"5"OUISB[JU

񂍦 5FMB3JCCPO":#𶅒 #FJHF

񂍣 5BQJDFS­B1FBSMQPJOUDPODPNCJOBDJ³OEFUFMBZDVFSP ')"5"OUISB[JU4DIXBS[

񂍣 5BQJDFS­B1FBSMQPJOUDPODPNCJOBDJ³OEFUFMBZDVFSP𶅐 ')$90ZTUFS

񂍣 $VFSP/FWBEB񂌙 -6#𶅒 #FJHF

񂍣 $VFSP/FWBEB񂌙 -6#,)BWBOOB

񂍣 $VFSP/FWBEB񂌙 -6$90ZTUFS

񂍣 $VFSP/FWBEB񂌙 -6$;3PUCSBVO

񂍣 $VFSP/FWBEB񂌙 -6484DIXBS[  %JTQPOJCMFFODPNCJOBDJ³ODPOFMQBRVFUFEFQPSUJWP. 4³MPFODPNCJOBDJ³ODPOMPTBTJFOUPTEFQPSUJWPT $VFSP/FWBEBFOBTJFOUPT SFQPTBCSB[PTEFDPOTPMBDFOUSBMZQVFSUBT SFQPTBDBCF[BTEF BTJFOUPTEFMBOUFSPTZUSBTFSPT ZGVFMMFEFQBMBODBEFDBNCJP 𶅉 𶅐 𶅑

񂍐

&OFTUBTQ¡HJOBTTFSFDPHFOMPTDPMPSFTZNBUFSJBMFTRVFQVFEFMMFWBSFMOVFWP #.89𶅑 %©KFTFHVJBSQPSTVJOTUJOUPPDPNQBSFMBTEJTUJOUBTDPNCJOBDJPOFT -BTDBSUBTEFDPMPSFTMFUSBOTNJUJS¡OVOBQSJNFSBJNQSFTJ³O1FSPUFOHBFODVFOUB RVFMBTUJOUBTEFMBJNQSFOUBOPTJFNQSFSFQSPEVDFO𶉁 FMNFOUFMBTUPOBMJEBEFTEF MBQJOUVSBZMPTBDBCBEPTEFMBUBQJDFS­B1PSUBOUP MFSFDPNFOEBNPTRVFBDVEBBTV

XXXCNXFT

$PODFTJPOBSJP0𶉁 DJBM#.8QBSBIBDFSTFVOBJEFBDMBSBEFMBTDPNCJOBDJPOFTEF DPMPSFT&TUBSFNPTFODBOUBEPTEFFOTF±BSMFNVFTUSBTZEFBZVEBSMFBDPODSFUBS TVTEFTFPTQFSTPOBMFT4V$PODFTJPOBSJP0𶉁 DJBM#.8MFJOGPSNBS¡BDFSDBEFMPT EJGFSFOUFTUJQPTZDPOUFOJEPTEFMBTUBQJDFS­BTEJTQPOJCMFTFOMBHBNBEFNPEFMPT EFMOVFWP#.89𶅑 


7BSJBOUFTEFFRVJQBNJFOUP

$PMPSFT

&RVJQBNJFOUP

$PMPSFTJOUFSJPSFT

4DIXBS[

#FJHF

.PMEVSBTJOUFSJPSFT

𶈄 𶅒 $(4BUJOTJMCFSNBUF

𶈁 𶅒 "%"MVNJOJPDPOSFDUJ𶉁 DBEPMPOHJUVEJOBM

𶈁 𶅒 $).BEFSBOPCMF'JOFMJOF8BWF

𶈁 𶅒 %&.BEFSBOPCMF'JOFMJOF4JFOB

 $PMPSFTZNPMEVSBTJOUFSJPSFT

𶈄 &RVJQBNJFOUPEFTFSJF  𶈁 &RVJQBNJFOUPPQDJPOBM


5BCMBT

%BUPTU©DOJDPT

#.84FSWJDF

$PNCJOBDJPOFT $PMPSFTJOUFSJPSFT

"TJFOUPTEFTFSJF

𶈂

"TJFOUPTEFQPSUJWPT $PMPSEFMBUBQJDFS­B

$PMPSFTJOUFSJPSFT

5BQJDFS­B1FBSMQPJOU DPODPNCJOBDJ³O EFUFMBZDVFSP

5FMB3JCCPO

𶈂

𶈂

𶆄

$VFSP/FWBEB

𶆄

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

"OUISB[JU

#FJHF

"OUISB[JU 4DIXBS[

0ZTUFS

#FJHF

)BWBOOB

0ZTUFS

3PUCSBVO

4DIXBS[

4DIXBS[

#FJHF

4DIXBS[

4DIXBS[

#FJHF

4DIXBS[

4DIXBS[

4DIXBS[

4DIXBS[

$PMPSFTFYUFSJPSFT 4³MJEP 𶅔 𶅔 𶅖 4DIXBS[ 𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

4³MJEP 𶅑 𶅘 𶅘 "MQJOXFJTT 𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

.FUBMJ[BEP 𶅒 𶅕 𶅓 4BQIJSTDIXBS[ 𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

.FUBMJ[BEP 𶅑 𶅓 𶅒 5JUBOTJMCFS 𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

.FUBMJ[BEP "𶅓 𶅐 4QBDFHSBV 𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

.FUBMJ[BEP "𶅉 𶅒 .JOFSBMTJMCFS 𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

.FUBMJ[BEP "𶅖 𶅐 7FSNJMJPOSPU 𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

.FUBMJ[BEP "𶅕 𶅔 5JFGTFFCMBV 𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

.FUBMJ[BEP 𶅖 𶅗 𶅔 #MVFXBUFS 𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

.FUBMJ[BEP #𶅘 𶅔 4QBSLMJOHCSPO[F 𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

.FUBMJ[BEP 𶅒 𶅉 𶅔 $BSCPOTDIXBS[ 𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

𶈂

.PMEVSBTJOUFSJPSFT 𶅒 $( 4BUJOTJMCFNBUF

𶅒 "% "MVNJOJPDPOSFDUJGJDBEPMPOHJUVEJOBM

𶅒 $) .BEFSBOPCMF'JOFMJOF8BWF

𶅒 %& .BEFSBOPCMF'JOFMJOF4JFOB

 𶆐

&RVJQBNJFOUPEFTFSJF𶆉𶆐

&TUFDBU¡MPHPSFQSPEVDFNPEFMPT FRVJQBNJFOUPTZQPTJCJMJEBEFTEFDPO𶉁 HVSBDJ³O FRVJQBNJFOUP EFTFSJFZFRVJQBNJFOUPPQDJPOBM EFMPTWFI­DVMPTTVNJOJTUSBEPTQPS#.8"(BMNFSDBEPBMFN¡O -PTFRVJQBNJFOUPTEFTFSJFZPQDJPOBMFTZMBTQPTJCJMJEBEFTEFDPO𶉁 HVSBDJ³OEFTDSJUPTFOFTUF DBU¡MPHPQVFEFOWBSJBSFOPUSPT&TUBEPTNJFNCSPTEFMB6OJ³O&VSPQFB*OG³SNFTFEJSFDUBNFOUF

𶈂

&RVJQBNJFOUPPQDJPOBM𶈂 $PNCJOBDJ³OEFDPMPSFTSFDPNFOEBEB𶆄 /PEJTQPOJCMF

FOTV$PODFTJPOBSJP0𶉁 DJBM#.8TPCSFMBTWFSTJPOFTRVFTFPGSFDFOFOTVQB­T4BMWP NPEJ𶉁 DBDJPOFTEFGBCSJDBDJ³OZFRVJQBNJFOUPT i#.8"( .VOJDI"MFNBOJB4³MPTFQFSNJUFMBSFQSPEVDDJ³O UBNCJ©OEFGPSNBSFTVNJEB  DPOBVUPSJ[BDJ³OFTDSJUBEF#.8"( .VOJDI


7BSJBOUFTEFFRVJQBNJFOUP

$PMPSFT

&RVJQBNJFOUP

&RVJQBNJFOUPEFTFSJF]&RVJQBNJFOUPPQDJPOBM

𶈄 1BSSJMMBEFMBOUFSB$POSFCPSEFZCBSSBTWFSUJDBMFTEFEJTF±PFTQFDJBMFO BMVNJOJP EFTFSJFFOMPT#.89𶅑 Y%SJWF𶅐 𶅖 J𶅉 Y%SJWF𶅑 𶅓 JZY%SJWF𶅑 𶅘 E𶅐 &OFM #.89𶅑 Y%SJWF𶅐 𶅘 E MBTCBSSBTWFSUJDBMFTTPOEFDPMPSOFHSP

𶈁 'BSPTCJYFO³OQBSBGVODJ³OEFMVDFTEFDSVDFZDBSSFUFSB$POBOJMMPT MVNJOPTPT-&%QBSBBMVNCSBEPEJVSOPZHSVQPT³QUJDPTUSBTFSPTDPOFMFNFOUPT EFJMVNJOBDJ³O MBWBEPEFGBSPTZSFHVMBDJ³OBVUPN¡UJDBEFMBMDBODFEFMBTMVDFT 𶈁 -VDFTBVUPBEBQUBCMFT$POEJTUSJCVDJ³OWBSJBCMFEFMBJMVNJOBDJ³OZSFHVMBDJ³O BEBQUBUJWBEFMBMDBODF DPOMV[EFHJSP JMVNJOBMBTDVSWBTFODVBOUPFMDPOEVDUPS FOUSFFMMBT 𶈁 "TJTUFOUFEFMV[EFDBSSFUFSB"QPZBBMDPOEVDUPSEFOPDIFDBNCJBEP BVUPN¡UJDBNFOUFEFMV[EFDBSSFUFSBBMV[EFDSVDFDVBOEPWJFOFUS¡𶉁 DPEFGSFOUF PIBZWFI­DVMPTEFMBOUF BT­DPNPDVBOEPMBJMVNJOBDJ³OEFMBDBM[BEBFTTV𶉁 DJFOUF

𶈁 4FOTPSEFMMVWJBZBDDJPOBNJFOUP BVUPN¡UJDPEFMBTMVDFTEFDSVDF 6OBWF[BDUJWBEP FMTFOTPSEFMMVWJBQPOF FOGVODJPOBNJFOUPBVUPN¡UJDBNFOUF MPTMJNQJBQBSBCSJTBTEFQFOEJFOEPEF MBJOUFOTJEBEEFMBMMVWJBZSFHVMBQPST­ NJTNPMBGSFDVFODJBEFCBSSJEP-BMV[ EFDSVDFBVUPN¡UJDBDPOFDUBMBMV[EF DSVDFDVBOEPFNQJF[BBPTDVSFDFSP BMQBTBSQPSVOUºOFM

𶈁 1BRVFUFEFJMVNJOBDJ³O $PNQSFOEFJMVNJOBDJ³OEFBDDFTP EFTEFMBTNBOJMMBTEFMBTQVFSUBT  JMVNJOBDJ³OEFMB[POBEFMPTQJFT EFUS¡T JMVNJOBDJ³OBNCJFOUBMZMVDFT EFMFDUVSBEFMBOUFZEFUS¡T

 &RVJQBNJFOUPEFTFSJF]&RVJQBNJFOUPPQDJPOBM

𶈄 -V[EFGSFOPEJO¡NJDB$POMV[USBTFSB MV[EFGSFOPFJOUFSNJUFOUF-PT EJTQPTJUJWPTEFBMVNCSBEPDPOMBGPSNBDBSBDUFS­TUJDBEF#.8QFSNJUFOVO SFDPOPDJNJFOUP³QUJNP-BGVODJ³OEFEFTUFMMPTQFSNJUFBMPTDPOEVDUPSFTRVF DJSDVMBOQPSEFUS¡TEJGFSFODJBSJONFEJBUBNFOUFVOBGSFOBEBMJHFSBEFVOBGSFOBEB BGPOEP DPOFMDPOTJHVJFOUFBVNFOUPEFMBTFHVSJEBE

𶈁 $BSSJMFTMPOHJUVEJOBMFT#.8QBSBMBCBDBFOBMVNJOJPTBUJOBEP 4JTUFNBQMBOPBEBQUBEPBMEJTF±PEFMWFI­DVMP RVFQFSNJUFBDPQMBSVOTJTUFNB QPSUBFRVJQBKFTNVMUJGVODJPOBM#.8QBSBUSBOTQPSUBSTJOFTGVFS[PZDPOTFHVSJEBE CVMUPT CJDJDMFUBT UBCMBTEFTVSG FUD

𶅉 

%JTQPOJCMFQSPCBCMFNFOUFBQBSUJSEFM𶅒 zUSJNFTUSFEF𶅐 𶅘 𶅉 𶅘  %JTQPOJCMFQSPCBCMFNFOUFBQBSUJSEFM𶅐 zUSJNFTUSFEF𶅐 𶅘 𶅉 𶅉 

𶅐 

𶈄 &RVJQBNJFOUPEFTFSJF  𶈁 &RVJQBNJFOUPPQDJPOBM  𶈀 "DDFTPSJPPQDJPOBM


5BCMBT

%BUPTUยฉDOJDPT

#.84FSWJDF

๐ถˆ $POGPSUDMJNยกUJDPQBSBQBSBCSJTBT3FEVDFFMEFTBHSBEBCMFDBMFOUBNJFOUP EFMIBCJUยกDVMPNFEJBOUFVOBQFMยญDVMBRVFSF๐ถ‰‚ FKBMPTSBZPTJOGSBSSPKPT JODMVZF GSBOKBHSJTFOFMCPSEFTVQFSJPSEFMDSJTUBM OPFTUยกEJTQPOJCMFFODPNCJOBDJยณO DPOFM)FBE6Q%JTQMBZ  ๐ถˆ 'SBOKBHSJTFOFMQBSBCSJTBT*NQJEFFMEFTMVNCSBNJFOUPEJSFDUPQPSFMTPM

๐ถˆ 5FDIPEFDSJTUBMQBOPSยกNJDP$POBNQMJPNBSHFOEFBQFSUVSBZEF๐ถ‰‚ FDUPS  DPSSFEJ[PZBCBUJCMFNFEJBOUFCPUPOFT DPSUJOJMMBFMยฉDUSJDB QSPUFDDJยณOTPMBS BTยญ DPNPEJTQPTJUJWPEFQSPUFDDJยณOBOUJBQSJTJPOBNJFOUPZBQFSUVSBZDJFSSFEFDPOGPSU

๐ถˆ $ยกNBSBQBSBNBSDIBBUSยกT.VFTUSBDMBSBNFOUFFOFMEJTQMBZEFDPOUSPM MB[POBTJUVBEBEFUSยกTEFMWFIยญDVMP-BDยกNBSBQBSBNBSDIBBUSยกTNFKPSBMB WJTJCJMJEBEDVBOEPTFDJSDVMBIBDJBBUSยกTBNFOPTEF๐ถ…‰ ๐ถ…“ LNIFOMBTNBOJPCSBT EFFTUBDJPOBNJFOUP&OMPTNPEFMPTDPOFOHBODIFEFSFNPMRVF MBDยกNBSB EJTQPOFEFGVODJยณOEF[PPNBNQMJBEB ๐ถˆ $ยกNBSBQBSBNBSDIBBUSยกTDPO5PQ7JFX0GSFDFBEFNยกTBMDPOEVDUPS BQPZPWJTVBMMBUFSBMFOFMFOUPSOPQSยณYJNPBMWFIยญDVMPFOFMNPNFOUPEFNBOJPCSBS

๐ถˆ $POUSPMEFEJTUBODJBFO BQBSDBNJFOUP 1%$ %FMBOUFZ EFUSยกTGBDJMJUBFMFTUBDJPOBNJFOUP ZMBTNBOJPCSBTFOFTQBDJPTSFEVDJEPT FJOEJDBBDยบTUJDBNFOUFMBBQSPYJNBDJยณO EFMWFIยญDVMPBVOPCTUยกDVMP-BT JOEJDBDJPOFTTFWJTVBMJ[BOUBNCJยฉO FOFMEJTQMBZEFDPOUSPM

5VCPEFFTDBQF&MTJTUFNBEF FTDBQFEJTQPOFEFVOUVCPEFBDFSP JOPYJEBCMFPWBMBEPTJUVBEPFOFMMBEP J[RVJFSEP #.89๐ถ…‘ Y%SJWF๐ถ… ๐ถ…˜ E 

๐ถˆ &OHBODIFEFSFNPMRVF$PO CPMBHJSBUPSJBFMยฉDUSJDB JODMVZFDPOUSPM EFFTUBCJMJEBEEFMSFNPMRVF TJTUFNB JOUFHSBEPFOFM%4$RVFTFBDUJWBBM DPOFDUBSMBUPNBEFDPSSJFOUFUSBTFSB  "ENJUFVOBDBSHBNยกYJNBEFSFNPMRVF EF๐ถ… ๐ถ…’ ๐ถ…˜ ๐ถ…˜ LH

5VCPEFFTDBQF&OMPT#.89๐ถ…‘  Y%SJWF๐ถ… ๐ถ…– J๐ถ…‰ ZY%SJWF๐ถ…‘ ๐ถ…˜ E๐ถ… FMTJTUFNBEF FTDBQFEJTQPOFEFVOUVCPEPCMFTJUVBEP FOFMMBEPJ[RVJFSEP&ODPNCJOBDJยณO DPOFM#.89๐ถ…‘ Y%SJWF๐ถ…‘ ๐ถ…“ JWBFRVJQBEP DPOVOSFCPSEFDSPNBEPEFQPSUJWP


7BSJBOUFTEFFRVJQBNJFOUP

$PMPSFT

&RVJQBNJFOUP

&RVJQBNJFOUPEFTFSJF]&RVJQBNJFOUPPQDJPOBM

𶈁 -MBOUBTEFBMFBDJ³OMJHFSBEF񂌗 񂌤 QVMHBEBTFTUJMP񂌙 񂌦 񂌤 3BEJPTFO:  𶅖 +Y𶅉 𶅖 OFVN¡UJDPT𶅐 𶅒 𶅓 𶅓 𶅘 3𶅉 𶅖 

𶈁 -MBOUBTEFBMFBDJ³OMJHFSBEF񂌗 񂌥 QVMHBEBTFTUJMP񂌙 񂌦 񂌥 3BEJPTEPCMFT  OFVN¡UJDPTEFEJTUJOUBTNFEJEBT EFMBOUF𶅖 𶅓 +Y𶅉 𶅗 OFVN¡UJDPT𶅐 𶅒 𶅓 𶅒 𶅓 3𶅉 𶅗  EFUS¡T𶅗 𶅓 +Y𶅉 𶅗 OFVN¡UJDPT𶅐 𶅕 𶅓 𶅒 𶅘 3𶅉 𶅗 

𶈄 -MBOUBTEFBMFBDJ³OMJHFSBEF񂌗 񂌣  QVMHBEBTFTUJMP񂌙 񂌦 񂌠 3BEJPTFO7  𶅕 𶅓 +Y𶅉 𶅕 OFVN¡UJDPT𶅐 𶅐 𶅓 𶅔 𶅘 3𶅉 𶅕  EF TFSJFFOFM#.89𶅑 Y%SJWF𶅐 𶅘 E 

𶈁 -MBOUBTEFBMFBDJ³OMJHFSBEF񂌗 񂌣  𶈁 -MBOUBTEFBMFBDJ³OMJHFSB#.8 QVMHBEBTFTUJMP񂌙 񂌦 񂌢 "FSPEJO¡NJDBT  EF񂌗 񂌤 QVMHBEBTFTUJMP񂌙 񂌦 񂌣 3BEJPT 𶅖 +Y𶅉 𶅕 OFVN¡UJDPT𶅐 𶅒 𶅓 𶅓 𶅓 3𶅉 𶅕  FO7 𶅖 +Y𶅉 𶅖 OFVN¡UJDPT𶅐 𶅒 𶅓 𶅓 𶅘 3𶅉 𶅖  %FTFSJFFOMPT#.89𶅑 Y%SJWF𶅑 𶅘 E𶅐 Z Y%SJWF𶅑 𶅓 J

𶅐

𶅉

𶈁 -MBOUBTEFBMFBDJ³OMJHFSBEF񂌗 񂌣  QVMHBEBTFTUJMP񂌙 񂌦 񂌡 3BEJPTFO:  𶅕 𶅓 +Y𶅉 𶅕 OFVN¡UJDPT𶅐 𶅐 𶅓 𶅔 𶅘 3𶅉 𶅕  %FTFSJFQBSBFM#.89𶅑 Y%SJWF𶅐 𶅖 J𶅉 

%JTQPOJCMFQSPCBCMFNFOUFBQBSUJSEFM𶅒 zUSJNFTUSFEF𶅐 𶅘 𶅉 𶅘  %JTQPOJCMFQSPCBCMFNFOUFBQBSUJSEFM𶅐 zUSJNFTUSFEF𶅐 𶅘 𶅉 𶅉 

 &RVJQBNJFOUPEFTFSJF]&RVJQBNJFOUPPQDJPOBM

𶈄 &RVJQBNJFOUPEFTFSJF  𶈁 &RVJQBNJFOUPPQDJPOBM  𶈀 "DDFTPSJPPQDJPOBM


5BCMBT

%BUPTU©DOJDPT

#.84FSWJDF

𶈄 7PMBOUFEFQPSUJWPEFDVFSP%FUSFTSBEJPT DPOBQPZPTQBSBMPTQVMHBSFT 𶈁 %JSFDDJ³OEFQPSUJWBWBSJBCMF"EBQUBMBSFTJTUFODJBEFMWPMBOUFEFGPSNB WBSJBCMFBMBWFMPDJEBE-BEFTNVMUJQMJDBDJ³OTFBKVTUBDPOTUBOUFZ QSPHSFTJWBNFOUFFOGVODJ³OEFMHJSPEFMWPMBOUF 𶈁 7PMBOUFDBMFGBDUBCMF1SPDVSBVONBZPSDPOGPSUJODMVTPBUFNQFSBUVSBTNVZ CBKBT&MBSPEFMWPMBOUFTFDBMJFOUBFOQPDPTTFHVOEPTQVMTBOEPVOCPU³O"T­ TFFWJUBMBEFTBHSBEBCMFTFOTBDJ³OEFGS­PUSBOTNJUJEBQPSFMWPMBOUF IBDJFOEP QPTJCMFDPOEVDJSTJOHVBOUFTQPSCBKBTRVFTFBOMBTUFNQFSBUVSBT

𶈁 $BNCJPBVUPN¡UJDP4UFQUSPOJDEF񂌤 WFMPDJEBEFT$PODBNCJP FMFDUS³OJDPEFNBSDIBTZ(FTUJ³O"VUPEBQUBCMFEFM$BNCJP QFSNJUFDBNCJPT S¡QJEPTZD³NPEPTQBSBNBYJNJ[BSFMEJOBNJTNPZMBF𶉁 DBDJB EFTFSJFFOMPT #.89𶅑 Y%SJWF𶅐 𶅖 J𶅉 9𶅑 Y%SJWF𶅑 𶅓 JZ9𶅑 Y%SJWF𶅑 𶅘 E𶅐  𶈁 $BNCJPBVUPN¡UJDPEFQPSUJWP4UFQUSPOJDEF񂌤 WFMPDJEBEFT1BSB BVNFOUBSFMEJOBNJTNP EJTQPOFEFVOBGVODJ³OEFQPSUJWB ZFTU¡FRVJQBEPDPO QBMBODBEFDBNCJPEFQPSUJWBZMFWBTEFDBNCJPFOFMWPMBOUFEFQPSUJWPEFDVFSP QBSBDBNCJBSNBOVBMNFOUFEFNBSDIB T³MPEJTQPOJCMFQBSBFM#.89𶅑 Y%SJWF𶅑 𶅓 J 

𶈄 $BNCJPNBOVBMEFTFJT WFMPDJEBEFT1BSBVOBDPOEVDDJ³O NVZEFQPSUJWB&TTVBWF UJFOFVO FTDBMPOBNJFOUPQFSGFDUPZEFTUBDBQPS TVTSFDPSSJEPTDPSUPTZFYBDUPT T³MP QBSB#.89𶅑 Y%SJWF𶅐 𶅘 E  𶈀 1BRVFUFQBSBGVNBEPSFT$PO DFOJDFSPZFODFOEFEPSFOMBDPOTPMB DFOUSBMEFMBOUFSB

𶈄 $POUSPMEFDSVDFSPDPOGVODJ³O EFGSFOP"DUºBBQBSUJSEFVOPT 𶅑 𶅘 LNIZNBOUJFOFDPOTUBOUFMB WFMPDJEBEQSPHSBNBEBZMBJOEJDBFO FMEJTQMBZEFJOGPSNBDJ³O-BGVODJ³O TFEFTBDUJWBBMGSFOBS JODMVJEBMB NVMUJGVODJ³O

𶈄 $VBESPEFJOTUSVNFOUPT *OTUSVNFOUPTBOBM³HJDPT EJTQMBZ EFJOGPSNBDJ³OFJMVNJOBDJ³OSPKB WFMPD­NFUSPDPOQBOUBMMB-$%QBSBFM DVFOUBLJM³NFUSPTUPUBMZQBSDJBM PSEFOBEPS EFBCPSEPZDVFOUBSSFWPMVDJPOFT DPOJOEJDBEPSEFOJWFMEFDPNCVTUJCMF FJOEJDBEPSEFDPOTVNP

𶈄 #PU³O4UBSU4UPQ1BSBFODFOEFS PBQBHBSFMNPUPSUSBTEFTCMPRVFBS FMWFI­DVMP-BMMBWFEFMWFI­DVMP TFSFDPOPDFBVUPN¡UJDBNFOUFTJO OFDFTJEBEEFJOUSPEVDJSMB


7BSJBOUFTEFFRVJQBNJFOUP

$PMPSFT

&RVJQBNJFOUP

&RVJQBNJFOUPEFTFSJF]&RVJQBNJFOUPPQDJPOBM 𶈁 )FBE6Q%JTQMBZ1SPZFDUB EJSFDUBNFOUFFOFMDBNQPWJTVBMEFM DPOEVDUPSJOGPSNBDJ³OJNQPSUBOUF  DPNPQPSFKFNQMPMBWFMPDJEBEFO DBEBNPNFOUP"EFN¡T TFQVFEFO WJTVBMJ[BSJOEJDBDJPOFTEFOBWFHBDJ³O FJOGPSNBDJ³OEFM$IFDL$POUSPM

𶈁 3FUSPWJTPSJOUFSJPS DPOBKVTUF BVUPN¡UJDPBOUJEFTMVNCSBNJFOUP 1BSBNFKPSBSMBTFHVSJEBEZFMDPOGPSU QPSMBOPDIF 𶈁 3FUSPWJTPSFTJOUFSJPSZFYUFSJPSFT  DPOBKVTUFBVUPN¡UJDPBOUJ EFTMVNCSBNJFOUP-PTFYUFSJPSFT TPOQMFHBCMFT

𶈄 $POUSPMBEPS&TFMFMFNFOUP QSJODJQBMEFMTJTUFNBJ%SJWFDPOFMRVF TFQVFEFONBOFKBSNFEJBOUFHJSPT  QSFTJ³OZNPWJNJFOUPTMBTGVODJPOFT EFMEJTQMBZEFDPOUSPM&TQPTJCMF BDDFEFSBMPTDVBUSPNFOºTN¡T VTBEPTDPOMPTCPUPOFTEFBDDFTP EJSFDUP$% SBEJP OBWFHBDJ³OZ UFM©GPOP

𶈁 4JTUFNBEFOBWFHBDJ³O1SPGFTTJPOBM$POSFQSPEVDUPSEF%7% DPOUSPMBEPSJ%SJWF CPUPOFTEFGBWPSJUPT EJTDP EVSPJOUFHSBEPQBSBBSDIJWPTEFTPOJEPZEBUPTEFOBWFHBDJ³O SFQSFTFOUBDJ³OEFNBQBTFO𶅑 %DPOJN¡HFOFTW­B TBU©MJUFZQBOUBMMBEFBMUBEF𶉁 OJDJ³OFODPMPSEF𶅖 𶅖 QVMHBEBT 𶈁 4JTUFNBEFOBWFHBDJ³O#VTJOFTT$POSFQSPEVDUPSEF$% DPOUSPMBEPSJ%SJWFDPOCPUPOFTEFBDDFTPEJSFDUP  CPUPOFTEFGBWPSJUPT NFNPSJBJOUFHSBEBQBSBEBUPTEFOBWFHBDJ³O SFQSFTFOUBDJ³ODPONBQBTPVOBDPNCJOBDJ³OEF NBQBTZ𶉂 FDIBTZQBOUBMMBEFBMUBEF𶉁 OJDJ³OFODPMPSEF𶅔 𶅓 QVMHBEBT 𶈁 4JOUPOJ[BEPSEF57$VBOEPFMWFI­DVMPFTU¡QBSBEP FMEJTQMBZEFDPOUSPMQVFEFVUJMJ[BSTFDPNPUFMFWJTPS4JOUPOJ[B FNJTPSBTBOBM³HJDBTZEJHJUBMFT 5%5 

 &RVJQBNJFOUPEFTFSJF]&RVJQBNJFOUPPQDJPOBM

𶈄 &RVJQBNJFOUPEFTFSJF  𶈁 &RVJQBNJFOUPPQDJPOBM  𶈀 "DDFTPSJPPQDJPOBM


5BCMBT

%BUPTU©DOJDPT

#.84FSWJDF

𶈄 3BEJP#.81SPGFTTJPOBM$PO QBOUBMMBEF𶅔 𶅓 QVMHBEBT JODMVZF DPOUSPMBEPSNVMUJGVODJ³OQBSBWJTVBMJ[BS UBNCJ©OOºNFSPTEFUFM©GPOP  OPNCSFTZU­UVMPTEF.1𶅑 TPOJEP

𶈁 1SFQBSBDJ³OQBSBUFM©GPOPN³WJM DPODPOFYJ³O#MVFUPPUI$POTJTUFNB EFNBOPTMJCSFTQFSNJUFDPOFDUBSVO UFM©GPOPN³WJM𶅉 BQUPQBSB#MVFUPPUI RVFQVFEFNBOFKBSTFQPSNFEJPEFM TJTUFNBJ%SJWF

𶈁 *OUFSDBNCJBEPSEF񂌢 %7%%JTQPOFEFGVODJ³OEFW­EFPZSFQSPEVDF UBOUP$%EFBVEJPDPNP$%DPOBSDIJWPT.1𶅑 1FSNJUFSFQSPEVDDJPOFTEF MBSHBEVSBDJ³ODPO.1𶅑 ZBENJUFIBTUBTFJT$%BMBWF[TFQVFEFNBOFKBS DPOMPTCPUPOFTEFSBEJP FMWPMBOUFNVMUJGVODJPOBM PQDJPOBM PFMDPOUSPMQPS WP[ PQDJPOBM -BUSBOTNJTJ³OEJHJUBMEFTF±BMFTFOUSFFMJOUFSDBNCJBEPSEF $%ZFMTJTUFNBEFSBEJPFTEFHSBODBMJEBE

𶅉

𶈁 4JTUFNB)J'J1SPGFTTJPOBM$POQSPDFTBNJFOUPEFTF±BMFT%*3"$ZNPEP FOWPMWFOUF BNQMJ𶉁 DBEPSEJHJUBMEF𶅔 𶅘 𶅘 WBUJPT FDVBMJ[BEPSFTQFD­𶉁 DPQBSBFM WFI­DVMPZ𶅉 𶅔 BMUBWPDFT PGSFDFVOBFYQFSJFODJBTPOPSBEFMBN¡YJNBJOUFOTJEBE 𶈁 4JTUFNBEFBMUBWPDFT)J'J(SBDJBTBMBNQMJ𶉁 DBEPSEJHJUBM 𶅐 𶅘 𶅓 WBUJPT ZMPT EPDFBMUBWPDFT PGSFDFVOTPOJEPCSJMMBOUF

 &ODPOUSBS¡N¡TJOGPSNBDJ³OFOXXXCNXFT

𶈄 $MJNBUJ[BEPSDPOSFHVMBDJ³OEF񂌘 [POBT$PODPOUSPMBVUPN¡UJDPEFMB SFDJSDVMBDJ³OEFMBJSF 𶉁 MUSPEFDBSC³OBDUJWP TFOTPSTPMBSZEFFNQB±BNJFOUP  QSPQPSDJPOBS¡QJEBNFOUFMBUFNQFSBUVSBEFTFBEBZMBNBOUJFOFDPOTUBOUF "KVTUFEFUFNQFSBUVSBEFMBOUF J[RVJFSEBZEFSFDIBQPSTFQBSBEP DPO SFHVMBDJ³OEFWFOUJMBDJ³OZDMJNBUJ[BDJ³OEFUS¡T


7BSJBOUFTEFFRVJQBNJFOUP

$PMPSFT

&RVJQBNJFOUP

&RVJQBNJFOUPEFTFSJF]&RVJQBNJFOUPPQDJPOBM

𶈁 "TJFOUPTEFQPSUJWPTQBSBDPOEVDUPSZBDPNQB±BOUF$POSFMJFWFTN¡T NBSDBEPT JODMBKVTUFEFMBBODIVSBEFMSFTQBMEP QBSBTVKFUBSQFSGFDUBNFOUFFM DVFSQPFOUPEBTMBTTJUVBDJPOFTEFDPOEVDDJ³O-BBMUVSBEFMBTJFOUP MBJODMJOBDJ³O EFMSFTQBMEP MBJODMJOBDJ³OEFMBTJFOUP MBQPTJDJ³OMPOHJUVEJOBMZFMBQPZPQBSB MBTQJFSOBTTFBKVTUBONBOVBMNFOUF 𶈁 3FHMBKFFM©DUSJDPEFMBTJFOUP1BSBDPOEVDUPSZBDPNQB±BOUFSFHMBKFEFMB BMUVSBZFMSFTQBMEP MPOHJUVEJOBMZEFMBJODMJOBDJ³O DPOGVODJ³OEFNFNPSJBQBSB FMBTJFOUPEFMDPOEVDUPSZGVODJ³OEFCPSEJMMPQBSBFMSFUSPWJTPSFYUFSJPSEFMMBEP EFMBDPNQB±BOUF

𶈄 "TJFOUPTEFTFSJFQBSBDPOEVDUPS ZBDPNQB±BOUF$POBKVTUFNBOVBMEF MBBMUVSBEFMBTJFOUPZFMEFTQMB[BNJFOUP MPOHJUVEJOBM MBJODMJOBDJ³OEFMSFTQBMEP ZEFMBTJFOUP QBSBFMDPOEVDUPS ZMB BMUVSBEFSFQPTBDBCF[BT

𶈄 &TQBDJPTQPSUBPCKFUPT&OMBT QVFSUBTZMBDPOTPMBDFOUSBMD³NPEPT QPSUBCFCJEBTZQPSUBCPUFMMBTRVF QVFEFOBKVTUBSTFBWPMVOUBEQBSB HVBSEBSEFNBOFSBTFHVSBPCKFUPT QFRVF±PTZHSBOEFT

𶈁 4PQPSUFMVNCBSFOMPTBTJFOUPT EFMBOUFSPT$POSFHMBKFFM©DUSJDPEF BMUVSBZQSPGVOEJEBEQBSBBMDBO[BSVOB QPTJDJ³OFSHPO³NJDBNFOUFQFSGFDUB ZTVKFUBSMBNVTDVMBUVSBEFMBFTQBMEB

𶈁 $BMFGBDDJ³OEFMPTBTJFOUPT EFMBOUFSPT USFTOJWFMFT -B TVQFS𶉁 DJFEFMBTJFOUP FMSFTQBMEPZMPT MBUFSBMFTTFDBMJFOUBOZBERVJFSFOVOB BHSBEBCMFUFNQFSBUVSBQPDPEFTQV©T EFBSSBODBS 𶈁 $BMFGBDDJ³OEFMPTBTJFOUPT USBTFSPT-BTVQFS𶉁 DJFEFMBTJFOUPZFM SFTQBMEPEFMPTEPTBTJFOUPTFYUFSJPSFT QVFEFODBMFOUBSTF

𶈄 3FQPTBCSB[PTEFMBOUFSP*ODMVZFDPNQBSUJNFOUPDPOUPNBEFDPSSJFOUFEF 𶈀 1BRVFUFEFDSPNBEPT&OFMJOUFSJPS DPOUJFOFSFCPSEFTDSPNBEPTFOMB NPMEVSBJOUFSJPSEFMBTQVFSUBT NPMEVSBFOFMMBEPEFMBDPNQB±BOUF DPOTPMB 𶅉 𶅐 7ZDPOFYJ³O"69*/ 𶈄 1PSUBCFCJEBT%JTQVFTUPTFSHPO³NJDBNFOUF EPTFOMBDPOTPMBDFOUSBM DFOUSBMZEJTQMBZEFDPOUSPM EFMBOUFSBZEPTFOFMSFQPTBCSB[PTDFOUSBMUSBTFSP

 &RVJQBNJFOUPEFTFSJF]&RVJQBNJFOUPPQDJPOBM

𶈄 &RVJQBNJFOUPEFTFSJF  𶈁 &RVJQBNJFOUPPQDJPOBM  𶈀 "DDFTPSJPPQDJPOBM


5BCMBT

%BUPTUยฉDOJDPT

#.84FSWJDF

๐ถˆ 3FTQBMEPEFBTJFOUPUSBTFSP1VFEFBCBUJSTFFOMBQSPQPSDJยณO๐ถ…’ ๐ถ…˜ ๐ถ… ๐ถ…˜ ๐ถ…’ ๐ถ…˜ Z BEBQUBSTFBMBTFYJHFODJBTNยกTEJWFSTBT1PSFKFNQMP FTQPTJCMFUSBOTQPSUBS IBTUBDVBUSPQBSFTEFFTRVยญTPUSFTUBCMBTEFTOPXCPBSEZEJTQPOFSBMNJTNP UJFNQPEFIBTUBEFDVBUSPQMB[BT ๐ถˆ„ 3FEEFTFQBSBDJยณOEFMNBMFUFSP%FUSยกTEFMPTBTJFOUPTEFMBOUFSPTPUSBTFSPT QVFEF๐ถ‰ KBSTFFOFMHVBSOFDJEPJOUFSJPSEFMUFDIP"TยญTFFWJUBMBQFOFUSBDJยณOEF PCKFUPTFOFMIBCJUยกDVMP ZFMNBMFUFSPQVFEFDBSHBSTFEFGPSNBTFHVSBIBTUBFMUFDIP

๐ถˆ 1FSTJBOBTTPMBSFT&OMBTWFOUBOJMMBTMBUFSBMFTUSBTFSBT NFDยกOJDBTQSPUFHFO EFMBMV[TPMBSJOUFOTBTJOEFUFSJPSBSMBWJTJCJMJEBE ๐ถˆ "DSJTUBMBNJFOUPEFQSPUFDDJยณOTPMBS&WJUBF๐ถ‰ DB[NFOUFRVFTFDBMJFOUFFM IBCJUยกDVMPFODBTPEFJOUFOTBSBEJBDJยณOTPMBS

๐ถˆ 1BRVFUFEFDPNQBSUJNFOUPT$POSFEFTEFUSยกTEFMPTBTJFOUPTEFMBOUFSPT  SFEFTFOMBQBSUFJOGFSJPSEFMBDPOTPMBDFOUSBMFOFMMBEPEFMBDPNQBยฑBOUFZFO FMMBEPJ[RVJFSEPEFMNBMFUFSP EPTDBSSJMFTEFBKVTUFDPODVBUSPBSHPMMBTEFBNBSSF FOFMTVFMPEFMNBMFUFSP BTยญDPNPQJTPDPOWFSUJCMF HBODIPTNVMUJGVODJยณOZDPSSFB FMยกTUJDBQBSBCPUFMMBTFOยฉTUF

๐ถˆ€ #PMTBQBSBFTRVยญTZTOPXCPBSE1FSNJUFUSBOTQPSUBSEFGPSNBMJNQJBZ TFHVSBIBTUBDVBUSPQBSFTEFFTRVยญTPUSFTUBCMBTEFTOPXCPBSEZMMFWBSBMNJTNP UJFNQPIBTUBDVBUSPQFSTPOBTBCPSEPMBCPMTBQBSBFTRVยญTTFTBDBDPOGBDJMJEBE ZTFQVFEFVTBSGVFSBEFMWFIยญDVMP$VBOEPOPTFBOFDFTBSJB TFQVFEFHVBSEBS FOQPDPFTQBDJPFOMBCPMTBTVNJOJTUSBEB

๐ถˆ "DDFTPDPOGPSU$POJMVNJOBDJยณOEFBDDFTP QFSNJUFBCSJSZDFSSBSTV#.8 ZBSSBODBSMPTJOOFDFTJEBEEFMMBWF#BTUBDPOMMFWBSFODJNBFMNBOEPBEJTUBODJB  QPSFKFNQMP FOFMCPMTJMMPEFMBDIBRVFUB"MUPDBSMBNBOJMMBFYUFSJPSEFMBT QVFSUBTPFMQPSUยณOUSBTFSP TFQSPEVDFMBBQFSUVSBEFMDJFSSFDFOUSBMJ[BEP

๐ถˆ #.84FSWJDF*ODMVTJWF4V $PODFTJPOBSJP0๐ถ‰ DJBM#.8UBNCJยฉO UFOESยกVOBTPMVDJยณOJOUFMJHFOUFFO DVBOUPBTFSWJDJPQBSBPGSFDFSMF$PO #.84FSWJDF*ODMVTJWFOPUFOESยกOJOHยบO DPTUFBEJDJPOBMEFNBOUFOJNJFOUP EVSBOUFFMQMB[PZDPCFSUVSBTBDPSEBEPT &ODPOUSBSยกNยกTJOGPSNBDJยณOFO ๑‚ XXXCNXFT


7BSJBOUFTEFFRVJQBNJFOUP

$PMPSFT

&RVJQBNJFOUP

9-JOF

#PSEFTEFMBTWFOUBOJMMBTFO BMVNJOJPTBUJOBEP-BTWFOUBOJMMBT MBUFSBMFTDPOMPTCPSEFTFOBMVNJOJP TBUJOBEPTVCSBZBOFMDBS¡DUFSSPCVTUP EFMOVFWP#.89𶅑 

&NCFMMFDFEPSFTMBUFSBMFT-MBNBMB BUFODJ³OMBEJTDSFUBNPMEVSBEFBMVNJOJP TBUJOBEP BT­DPNPMBTFTUSJCFSBT#.8 DVBOEPTFBCSFOMBTQVFSUBT

"MVNJOJPTBUJOBEPFOFMQBSBHPMQFT EFMBOUFSP-BQBSUFJOGFSJPSEFM QBSBHPMQFTEFMBOUFSPMMFWBVOBNPMEVSB EFBMVNJOJPTBUJOBEP

"MVNJOJPTBUJOBEPFOFMQBSBHPMQFT USBTFSP-BQBSUFJOGFSJPSEFM QBSBHPMQFTUSBTFSPMMFWBVOBNPMEVSB FOBMVNJOJPTBUJOBEP

&RVJQBNJFOUPPQDJPOBM

#PSEFJOUFSJPSEFMNBMFUFSPEFBDFSPJOPYJEBCMF-BNPMEVSBEFMNBMFUFSP SFTVMUBFTQFDJBMNFOUFSFTJTUFOUFHSBDJBTBMBDFSPJOPYJEBCMF

 9-JOF]"DDFTPSJPT0SJHJOBMFT#.8


5BCMBT

%BUPTUยฉDOJDPT

#.84FSWJDF

"DDFTPSJPT0SJHJOBMFT#.8

1BRVFUFEFEJTFยฑP9-JOF1SP 4PQPSUFQBSBUBCMBTEFTVSG  SBEJPTFOFTUSFMMB๑‚Œ™ ๑‚Œ— ๑‚Œ— DSPNBEPT  ๑‚Œ˜ ๑‚Œฆ QVMHBEBT EFGVOEJDJยณO

"EBQUBEPSBQSFTJยณODPODPOFYJยณO 64#1BSBMMBNBSQPSUFMยฉGPOPZ FTDVDIBSNยบTJDB

#.8+VOJPS4FBU*****%JTQPOJCMF FOEPTDPMPSFT

4JTUFNB5SBWFM$PNGPSU.FTB QMFHBCMFNPOUBEBFOFMSFQPTBDBCF[BT EFMBTJFOUPEFMBOUFSP

6O#.8TJFNQSFMFPGSFDFSยกVOBFYQFSJFODJBEFDPOEVDDJยณOFTQFDJBM -PT"DDFTPSJPT0SJHJOBMFT#.8MBSFBM[BOBยบONยกT$PNCJOBOJEFBT CSJMMBOUFTDPOMBNยกYJNBGVODJPOBMJEBEZVOEJTFยฑPBUSBDUJWP%FTDVCSB MBTOPWFEPTBTTPMVDJPOFTRVFMFPGSFDFNPTQBSBFMFYUFSJPSZFMJOUFSJPS EFMWFIยญDVMP MBDPNVOJDBDJยณOFJOGPSNBDJยณOZFMUSBOTQPSUFZPSHBOJ[BDJยณO EFMFRVJQBKF&OTV$PODFTJPOBSJP0๐ถ‰ DJBM#.8MFBTFTPSBSยกOFODBOUBEPT TPCSFMBPGFSUBDPNQMFUBEF"DDFTPSJPT0SJHJOBMFT#.8ZQPOESยกOBTV EJTQPTJDJยณOVODBUยกMPHPFTQFDJBM&ODPOUSBSยกNยกTJOGPSNBDJยณOFO ๑‚ XXXCNXFTBDDFTPSJPT


7BSJBOUFTEFFRVJQBNJFOUP

$PMPSFT

&RVJQBNJFOUP

9񂌙  Y%SJWF񂌘 񂌤 J񂌗

4FHVSJEBE

9񂌙  Y%SJWF񂌙 񂌡 J

9񂌙  Y%SJWF񂌘 񂌦 E

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

"JSCBHT ѭ"JSCBHTEFDBCF[BEFMBOUFZEFUS¡T

𶈄

𶈄

𶈄

𶈄

ѭ"JSCBHEFDPOEVDUPSZBDPNQB±BOUFSFDPOPDJNJFOUPEFMFTUBEPEFPDVQBDJ³OEFMBTJFOUPQBSBFMBJSCBHEFM BDPNQB±BOUF 𶈄

𶈄

𶈄

𶈄

ѭ"JSCBHMBUFSBMQBSBDPOEVDUPSZBDPNQB±BOUF

𶈄

𶈄

𶈄

𶈄

#.84FSWJDF*ODMVTJWFJODMVZFOVNFSPTBTPQFSBDJPOFTEFTFSWJDJPZNBOUFOJNJFOUP RVFQVFEFSFBMJ[BSFO DVBMRVJFS4FSWJDJP0𶉁 DJBM#.8EFMNVOEPFMQMB[PZMBTQSFTUBDJPOFTQVFEFOFMFHJSTF 𶈁

𶈁

𶈁

𶈁

$BSSPDFS­BEFTFHVSJEBE ѭ1SPUFDDJ³OGSFOUFBJNQBDUPTMBUFSBMFT DBQ³QBTJWP TJTUFNBEFQSPUFDDJ³OEFQFBUPOFT

𶈄

𶈄

ѭ;POBTEFEFGPSNBDJ³OEFMBOUFZEFUS¡T QBSBHPMQFTSFWFSTJCMFTUSBTDPMJTJPOFTEFIBTUB𶅒 LNI

𶈄

𶈄

$JFSSFDFOUSBMJ[BEPDPOJONPWJMJ[BEPSFMFDUS³OJDP &84 TFOTPSEFDPMJTJ³OUBQBEFMEFQ³TJUPEFDPNCVTUJCMF JOUFHSBEBFOFMDJFSSFDFOUSBMJ[BEPZFMNBOEPBEJTUBODJB

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

$JOUVSPOFTEFTFHVSJEBE ѭ$JOUVSPOFTEFTFHVSJEBEEFUSFTQVOUPTEFBODMBKFQBSBUPEBTMBTQMB[BTUSBTFSBT

𶈄

𶈄

ѭ$JOUVSPOFTEFTFHVSJEBEEFMBOUFSPTEFUSFTQVOUPTEFBODMBKFDPOUFOTPSFTQJSPU©DOJDPTZMJNJUBEPSFTEFGVFS[B $POUSPMEJO¡NJDPEFFTUBCJMJEBE %4$ %5$ DPOBTJTUFOUFEFBSSBORVF BTJTUFOUFBMGSFOPZTFDBEPEFGSFOPT

'SFOPEFFTUBDJPOBNJFOUPFMFDUSPNFD¡OJDP DPOGVODJ³OEFSFUFODJ³OBVUPN¡UJDBDPOFMDBNCJPBVUPN¡UJDP

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

'SFOPT ѭ'SFOPTEFEJTDPEFMBOUFZEFUS¡T BVUPWFOUJMBEPT

𶈄

ѭ-V[EFGSFOPEJO¡NJDB DPOGVODJ³OEFEFTUFMMPT

𶈄

𶈄

𶈄

3FQPTBDBCF[BTBDUJWPT

𶈄

𶈄

𶈄

𶈄 𶈄

9񂌙  Y%SJWF񂌙 񂌡 J

𶈄

𶈁

1BRVFUFEFJMVNJOBDJ³O DPOJMVNJOBDJ³OEFBDDFTPEFTEFMBTNBOJMMBTEFMBTQVFSUBT EFMBQBSUFJOGFSJPSEFMBT QVFSUBTZEFMB[POBEFMPTQJFTEFUS¡TFJMVNJOBDJ³OBNCJFOUBM 𶈁

1BRVFUFEFQPSUJWP.DPOTVTQFOTJ³OEFQPSUJWB FMFNFOUPTFYUFSJPSFT. BTJFOUPTEFQPSUJWPT WPMBOUF.EFDVFSP  HVBSOFDJEPJOUFSJPSEFMUFDIP#.8*OEJWJEVBMBOUSBDJUB FTUSJCFSBT.ZMMBOUBTEFBMFBDJ³OMJHFSB.EF𶅉 𶅖 QVMHBEBTDPO SBEJPTFOFTUSFMMBFTUJMP𶅑 𶅔 𶅖 . 𶈁

𶆄 𶆄

9񂌙  Y%SJWF񂌙 񂌡 J

𶈄

9񂌙  Y%SJWF񂌘 񂌦 E

𶈁

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

𶈁

𶈁 𶈀

𶈁 𶈄

𶈄

9񂌙  Y%SJWF񂌘 񂌤 J񂌗

𶈁

𶈁 𶆄

𶈄

𶈄

𶈁

𶆄

5VCPTEFFTDBQF EPTSFEPOEPT #.89񂌙 Y%SJWF񂌙 񂌡 J DPOSFCPSEFDSPNBEP

𶈁 𶈄

𶈁

𶈁

5VCPEFFTDBQF TJNQMF PWBMBEP

𶈁

𶈁 𶈄

𶈁

4VQSFTJ³OEFMBOBHSBNBEFMNPEFMP TJOSFDBSHP

𶈄 𶈁

𶈁 𶈄

1JOUVSBNFUBMJ[BEB

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

𶈄 𶈁

𶈁

1BSSJMMBEFMBOUFSBDPOSFCPSEFDSPNBEP CBSSBTWFSUJDBMFTDSPNBEBT #.89𶅑 Y%SJWF𶅐 𶅘 EFOOFHSP

𶈄

9񂌙  Y%SJWF񂌘 񂌦 E

𶈄 𶈁

'SBOKBHSJTFOFMQBSBCSJTBT

𶅑

𶈄

𶈄

&OHBODIFQBSBSFNPMRVFDPOCPMBHJSBUPSJBFM©DUSJDB DPODPOUSPMEFFTUBCJMJEBEEFMSFNPMRVF QFTPEFMSFNPMRVF

𶅐

𶈄

𶈄

𶈄

$BSSJMFTMPOHJUVEJOBMFTQBSBMBCBDBFOBMVNJOJPTBUJOBEP

𶅉

𶈄

𶈄

9񂌙  Y%SJWF񂌘 񂌤 J񂌗

1BRVFUFQBSBGVNBEPSFT

𶈄

𶈄

4JTUFNBEFGJKBDJ³OQBSBBTJFOUPJOGBOUJM*40'*9QBSBMPTBTJFOUPTUSBTFSPTFYUFSJPSFT

1BRVFUFTEFFRVJQBNJFOUP

𶈄 𶈄

𶈄

*OEJDBEPSEF1SFTJ³OEFMPT/FVN¡UJDPT 31"

%JTF±PFYUFSJPS

𶈄 𶈄

ѭ5FSDFSBMV[EFGSFOP FOQPTJDJ³OFMFWBEB JOUFHSBEBFOFMTQPJMFSEFMUFDIP

𶈁

𶈁 𶈀

𶈁 𶈀

𶈀

 %JTQPOJCMFQSPCBCMFNFOUFBQBSUJSEFM𶅒 zUSJNFTUSFEF𶅐 𶅘 𶅉 𶅘  %JTQPOJCMFQSPCBCMFNFOUFBQBSUJSEFM𶅐 zUSJNFTUSFEF𶅐 𶅘 𶅉 𶅉  4³MPFODPNCJOBDJ³ODPOMPTBTJFOUPTEFQPSUJWPT

  7JTJ³OHFOFSBM

𶈄 &RVJQBNJFOUPEFTFSJF  𶈁 &RVJQBNJFOUPPQDJPOBM  𶈀 "DDFTPSJPPQDJPOBM  𶆄 OPEJTQPOJCMF


5BCMBT

%BUPTU©DOJDPT

3VFEBT

#.84FSWJDF

9񂌙  Y%SJWF񂌘 񂌤 J񂌗

#.8.PCJMJUZ4FU TVQSJNJEPDPOOFVN¡UJDPTDPOGVODJPOBNJFOUPFODBTPEFBWFS­B

𶈄

/FVN¡UJDPTDPOGVODJPOBNJFOUPFODBTPEFBWFS­B

𶈁

9񂌙  Y%SJWF񂌙 񂌡 J

9񂌙  Y%SJWF񂌘 񂌦 E

𶆄

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

𶈄

𶆄

𶈄

𶈁

𶈄

-MBOUBT ѭ-MBOUBTEFBMFBDJ³OMJHFSBEF𶅉 𶅕 QVMHBEBTDPOSBEJPTFO7FTUJMP𶅑 𶅘 𶅒 ѭ-MBOUBTEFBMFBDJ³OMJHFSBEF𶅉 𶅕 QVMHBEBTDPOSBEJPTFO:FTUJMP𶅑 𶅘 𶅓

𶆄

𶆄

𶈄

𶆄

𶈁

𶆄

ѭ-MBOUBTEFBMFBDJ³OMJHFSBEF𶅉 𶅖 QVMHBEBTDPOSBEJPTFO7FTUJMP𶅑 𶅘 𶅕

𶆄

𶆄

𶈁

𶈁

𶈄

ѭ-MBOUBTEFBMFBDJ³OMJHFSBEF𶅉 𶅖 QVMHBEBTDPOSBEJPTFO:FTUJMP𶅑 𶅘 𶅖

𶆄

𶈁

𶈁

𶈄

𶈁

ѭ-MBOUBTEFBMFBDJ³OMJHFSBEF𶅉 𶅗 QVMHBEBTDPOSBEJPTEPCMFTFTUJMP𶅑 𶅘 𶅗 DPOOFVN¡UJDPTEFEJTUJOUBTNFEJEBT

%JTF±PJOUFSJPS

𶈄

𶆄

ѭ-MBOUBTEFBMFBDJ³OMJHFSBEF𶅉 𶅕 QVMHBEBTBFSPEJO¡NJDBTFTUJMP𶅑 𶅘 𶅔

𶈁

𶈁

𶈁

𶈁

9񂌙  Y%SJWF񂌘 񂌤 J񂌗

𶈁

9񂌙  Y%SJWF񂌙 񂌡 J

𶈁

9񂌙  Y%SJWF񂌘 񂌦 E

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

"MGPNCSJMMBTEFWFMPVST

𶈄

𶈄

𶈄

𶈄

*MVNJOBDJ³OJOUFSJPS

𶈄

𶈄

𶈄

𶈄

.PMEVSBTJOUFSJPSFT ѭ"MVNJOJPDPOSFDUJ𶉁 DBEPMPOHJUVEJOBM

𶈁

𶈁

𶈁

𶈁

ѭ'JOFMJOF4JFOB NBEFSBOPCMF

𶈁

𶈁

𶈁

𶈁

ѭ'JOFMJOF8BWF NBEFSBOPCMF

𶈁

𶈁

𶈁

𶈁

ѭ4BUJOTJMCFS NBUF

𶈄

𶈄

𶈄

𶈄

5BQJDFS­B ѭ$VFSP/FWBEB

𶈁

𶈁

𶈁

𶈁

ѭ5BQJDFS­B1FBSMQPJOUDPODPNCJOBDJ³OEFUFMBZDVFSP𶅑 𶈁

𶈁

𶈁

𶈁

ѭ5FMB3JCCPO

𶈄

𶈄

𶈄

𶈄

.PUPS USBOTNJTJ³OZU©DOJDB

9񂌙  Y%SJWF񂌘 񂌤 J񂌗

#SBLF&OFSHZ3FHFOFSBUJPO

9񂌙  Y%SJWF񂌙 񂌡 J

𶈄

9񂌙  Y%SJWF񂌘 񂌦 E

𶈄

$BNCJPBVUPN¡UJDPEFQPSUJWP4UFQUSPOJDEF񂌤 WFMPDJEBEFT

𶆄

$BNCJPBVUPN¡UJDP4UFQUSPOJDEF񂌤 WFMPDJEBEFT

𶈄

𶈄

𶈁

𶆄

𶈄

𶈄

$BNCJPNBOVBMEFTFJTWFMPDJEBEFT

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

𶆄

𶆄

𶆄

𶈁

𶈄

𶈄

𶆄

$POUSPMEF%FTDFOTPFO1FOEJFOUFT )%$

𶈄

𶈄

𶈄

𶈄

$POUSPMEJO¡NJDPEFMBBNPSUJHVBDJ³O

𶈁

𶈁

𶈁

𶈁

%JSFDDJ³OEFQPSUJWBWBSJBCMF

𶈁

𶈁

𶈁

%PCMF7"/04

𶈄

𶈁

𶈄

𶆄

𶆄

%ZOBNJD%SJWJOH$POUSPMFODPNCJOBDJ³ODPOFMDBNCJPBVUPN¡UJDPEFQPSUJWPEF𶅖 WFMPDJEBEFT MBEJSFDDJ³O EFQPSUJWBWBSJBCMFPFM$POUSPMEJO¡NJDPEFMBBNPSUJHVBDJ³O 𶈁

𶈁

𶈁

𶈁

&KFEFMBOUFSPDPOTVTQFOTJ³OEFEPCMFUSBQFDJP

𶈄

𶈄

𶈄

𶈄

&KFUSBTFSPEFDJODPCSB[PT

𶈄

𶈄

𶈄

𶈄

'JMUSPEFQBSU­DVMBTEJ©TFM TJONBOUFOJNJFOUP

𶆄

'VODJ³O"VUP4UBSU4UPQ

𶆄

)JHI1SFDJTJPO*OKFDUJPO

𶆄

*OEJDBEPSEFDBNCJPEFNBSDIB

𶆄

.PUPSEFHBTPMJOBEFTFJTDJMJOESPTFOM­OFB#.8 .PUPSEFHBTPMJOBEFTFJTDJMJOESPTFOM­OFB#.85XJO1PXFS5VSCPDPO7"-7&530/*$

𶆄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶆄 𶆄

𶈄

𶆄

𶆄

𶆄

𶆄

𶈄

.PUPSEJ©TFMEFDVBUSPDJMJOESPTFOM­OFB#.8DPOUVSCPDPNQSFTJ³O

𶆄

𶆄

𶆄

.PUPSEJ©TFMEFTFJTDJMJOESPTFOM­OFB#.8DPOUVSCPDPNQSFTJ³O

𶆄

𶈄 𶆄

𶆄

𶆄

𶈄

𶆄

𶈁 𶆄

𶈄

1FSGPSNBODF$POUSPM

𶈁

𶈁

𶈁

𶈁

4FSWPEJSFDDJ³O

𶈄

𶈄

𶈄

𶈄

4FSWPUSPOJD

𶈄

𶈄

𶈄

4JTUFNBY%SJWF UFDOPMPH­BJOUFMJHFOUFEFUSBDDJ³OBMBTDVBUSPSVFEBTDPOEJTUSJCVDJ³OEFQBSWBSJBCMF 4VTQFOTJ³OEFQPSUJWB TJOSFCBKBS

𶈁

𶈄

𶈄

𶈁

𶈄 𶈁

𶈄

𶈄 𶈁


7BSJBOUFTEFFRVJQBNJFOUP

$PMPSFT

#.8$POOFDUFE%SJWFѭ4JTUFNBTEFBTJTUFODJBBMBDPOEVDDJ³O

&RVJQBNJFOUP

9񂌙  Y%SJWF񂌘 񂌤 J񂌗

9񂌙  Y%SJWF񂌙 񂌡 J

9񂌙  Y%SJWF񂌘 񂌦 E

"TJTUFOUFEFMV[EFDBSSFUFSB

𶈁

𶈁

𶈁

$¡NBSBQBSBNBSDIBBUS¡T

𶈁

𶈁

𶈁

$¡NBSBQBSBNBSDIBBUS¡TDPO5PQ7JFX T³MPEJTQPOJCMFFODPNCJOBDJ³ODPOFM1%$

𶈁

𶈁

$POUSPMEFDSVDFSPDPOGVODJ³OEFGSFOP JODMVZFNVMUJGVODJ³OFOFMWPMBOUF

𶈁 𶈁

𶈄

𶈄

𶈁

)FBE6Q%JTQMBZ

𶈄

𶈁

𶈁

𶈁

𶈁

9񂌙  Y%SJWF񂌘 񂌤 J񂌗

"MVNCSBEPZWJTJCJMJEBE

𶈁

𶈁

𶈄

$POUSPMEFEJTUBODJBFOBQBSDBNJFOUP 1%$ EFMBOUFZEFUS¡T

9񂌙  Y%SJWF񂌙 񂌡 J

𶈁

9񂌙  Y%SJWF񂌘 񂌦 E

𶈄

𶈄

𶈄

'BSPTCJYFO³OQBSBGVODJ³OEFMVDFTEFDSVDFZDBSSFUFSB JODMBOJMMPTMVNJOPTPTZCBSSBTMVNJOPTBT HSVQPT ³QUJDPTUSBTFSPT DPOUFDOPMPH­B-&% BT­DPNPBKVTUFBVUPN¡UJDPEFMBMDBODFEFMPTGBSPTZMBWBEPEFGBSPT 𶈁

𶈁

𶈁

𶈁

𶈁

3FUSPWJTPSFTFYUFSJPSFTBTG©SJDPT DPOSFHMBKFFM©DUSJDP DBMFGBDUBEPT DPOUSPMBDUJWPDPOUFNQFSBUVSBFYUFSJPS

4FOTPSEFMMVWJBDPOMV[EFDSVDFBVUPN¡UJDB

𶈄

𶈁

𶈁

"DSJTUBMBNJFOUPEFQSPUFDDJ³OTPMBS

𶈄

𶈁

𶈁

9񂌙  Y%SJWF񂌘 񂌤 J񂌗

*OUFSJPS

𶈁 𶈁

𶈄

𶈁

9񂌙  Y%SJWF񂌙 񂌦 E񂌘 𶈄

𶈁

𶈄

3FUSPWJTPSFTJOUFSJPSZFYUFSJPSFTDPOBKVTUFBVUPN¡UJDPBOUJEFTMVNCSBNJFOUPMPTFYUFSJPSFTTPOBCBUJCMFT

𶈁

𶈁

'BSPTBOUJOJFCMBDPOSFGMFDUPSEFGPSNBMJCSF

-VDFTBVUPBEBQUBCMFTDPOEJTUSJCVDJ³OWBSJBCMFEFMBJMVNJOBDJ³O MV[EFHJSPZSFHVMBDJ³OBEBQUBUJWBEFMBMDBODF

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

𶈁

𶈁

9񂌙  Y%SJWF񂌙 񂌡 J

𶈁

𶈁

9񂌙  Y%SJWF񂌘 񂌦 E

𶈁

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

𶈁

𶈁 𶈄

𶈄

"TJFOUPTZDPOGPSU ѭ"TJFOUPEFTFSJFDPOSFHMBKFNBOVBM

𶈄

𶈄

ѭ"TJFOUPEFQPSUJWPQBSBDPOEVDUPSZBDPNQB±BOUF

𶈁

𶈁

𶈁

𶈁

ѭ$BMFGBDDJ³OEFMPTBTJFOUPTEFMBOUFSPT

𶈁

𶈁

𶈁

𶈁

ѭ$BMFGBDDJ³OEFMPTBTJFOUPTUSBTFSPT

𶈁

𶈁

𶈁

ѭ3FHMBKFFM©DUSJDPEFMBTJFOUPDPOGVODJ³OEFNFNPSJBQBSBFMBTJFOUPEFMDPOEVDUPS ѭ3FTQBMEPEFMPTBTJFOUPTUSBTFSPT BCBUJCMFFOUSFTQBSUFT QSPQPSDJ³O𶅒 𶅘 𶅐 𶅘 𶅒 𶅘

𶈁

𶈁

𶈁

𶈁

𶈁

𶈁

𶈁

𶈁

𶈁

ѭ4PQPSUFMVNCBSFOMPTBTJFOUPTEFMBOUFSPT

𶈁

𶈁

𶈁

𶈁

$POGPSUDMJN¡UJDPQBSBQBSBCSJTBT

𶈁

𶈁

𶈁

𶈁

&MFWBMVOBTFM©DUSJDPDPOQSPUFDDJ³OBOUJBQSJTJPOBNJFOUPZBQFSUVSBDJFSSFEFDPOGPSU

𶈄

𶈄

𶈄

*OEJDBDJ³OEFOFDFTJEBEEFTFSWJDJPFOEJTQMBZEFJOGPSNBDJ³O

𶈄

.BMFUFSP WPMVNFO𶅓 𶅓 𶅘 ѭ𶅉 𶅔 𶅘 𶅘 MJUSPT DPOBSHPMMBTEFBNBSSF 0SEFOBEPSEFBCPSEP DPO$IFDL$POUSPMFJOEJDBDJ³OEFMBUFNQFSBUVSBFYUFSJPSFOFMEJTQMBZEFJOGPSNBDJ³O

3FEEFTFQBSBDJ³OEFMNBMFUFSP

𶈄

𶈁

𶈄

𶈄

𶈁 𶈄

𶈄

5FDIPEFDSJTUBMQBOPS¡NJDP FM©DUSJDP GVODJ³OEFBQFSUVSBZFMFWBDJ³O DPOQSPUFDDJ³OTPMBSJOUFSJPSDPSSFEJ[B

𶈄

𶈄

𶈁

3FQPTBCSB[PTDFOUSBMUSBTFSP DPOEPTQPSUBCFCJEBTZDPNQBSUJNFOUP BT­DPNPSFQPTBDBCF[BTJOUFHSBEPT

𶈄

𶈄

𶈄

𶈁

𶈄

𶈄

𶈁

𶈄

𶈄

𶈄

𶈄

1FSTJBOBTPMBS WFOUBOJMMBTMBUFSBMFTUSBTFSBT NFD¡OJDB

𶈄

𶈄

𶈄

1FSTJBOBDVCSFFRVJQBKFFOSPMMBCMF

𶈄

𶈄

𶈄

𶈁

𶈄

𶈄

𶈁

𶈁

7PMBOUFT ѭ7PMBOUFDBMFGBDUBCMF

𶈁

𶈁

𶈁

ѭ7PMBOUFEFQPSUJWPEFDVFSP

𶈄

𶈄

𶈄

ѭ7PMBOUFEFQPSUJWPEFDVFSPDPOMFWBTEFDBNCJP T³MPDPOFMDBNCJPBVUPN¡UJDPEFQPSUJWP4UFQUSPOJDEF 𶅖 WFMPDJEBEFT

𶅉 𶅐 𶅑

𶆄

𶈁

𶈁 𶈄 𶆄

𶆄

 %JTQPOJCMFQSPCBCMFNFOUFBQBSUJSEFM𶅒 zUSJNFTUSFEF𶅐 𶅘 𶅉 𶅘  %JTQPOJCMFQSPCBCMFNFOUFBQBSUJSEFM𶅐 zUSJNFTUSFEF𶅐 𶅘 𶅉 𶅉  &ODPOUSBS¡N¡TJOGPSNBDJ³OTPCSFMPTEJTQPTJUJWPTSFDPNFOEBEPTFOXXXCNXFT

  7JTJ³OHFOFSBM

𶈄 &RVJQBNJFOUPEFTFSJF  𶈁 &RVJQBNJFOUPPQDJPOBM  𶈀 "DDFTPSJPPQDJPOBM  𶆄 OPEJTQPOJCMF


5BCMBT

%BUPTU©DOJDPT

&RVJQBNJFOUPJOUFSJPSZDPOGPSU

#.84FSWJDF

9񂌙  Y%SJWF񂌘 񂌤 J񂌗

9񂌙  Y%SJWF񂌙 񂌡 J

9񂌙  Y%SJWF񂌘 񂌦 E

"DDFTPDPOGPSUDPOJMVNJOBDJ³OEFBDDFTP

𶈁

𶈁

𶈁

"DDJPOBNJFOUPBVUPN¡UJDPEFMQPSU³OUSBTFSP

𶈁

𶈁

𶈁

#PMTBQBSBFTRV­TZTOPXCPBSE

𶈀

#PU³O4UBSU4UPQDPOBSSBORVFEFMNPUPSTJOMMBWF

𶈁

𶈁

𶈁

𶈄

𶈁 𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

𶈄

9񂌙  Y%SJWF񂌘 񂌤 J񂌗

𶈄

𶈄

𶈄

5PNBTEFDPSSJFOUFEF񂌗 񂌘 WPMUJPT EPT

𶈁

𶈄

𶈄

𶈄

𶈁

𶈄

1PSUBCFCJEBTFOMBDPOTPMBDFOUSBMUSBTFSB EPT

𶈄 𶈄

𶈁

1FSTPOBM1SPGJMF QBSBNFNPSJ[BSGVODJPOFTJNQPSUBOUFT

&OUSFUFOJNJFOUP DPNVOJDBDJ³OFJOGPSNBDJ³O

𶈄 𶈄

𶈁

3FQPTBCSB[PTEFMBOUFSPBCBUJCMF DPODPNQBSUJNFOUP

𶈄

𶈄 𶈄

%JTQPTJUJWPEFBMBSNBDPONBOEPBEJTUBODJB

𶈀

𶈄

𶈄

$PNQBSUJNFOUPFOMBDPOTPMBDFOUSBMEFMBOUFSBZFOUPEBTMBTQVFSUBT

1PSUBCFCJEBTFOMBDPOTPMBDFOUSBMEFMBOUFSB

𶈁 𶈀

𶈄

$MJNBUJ[BEPSDPOSFHVMBDJ³OEF񂌘 [POBT DPO"6$ TFOTPSTPMBSZTBMJEBEFBJSFEFUS¡T

1BRVFUFEFDPNQBSUJNFOUPT DPOSFQPTBCSB[PTEFMBOUFSPT SFEFTFOMPTSFTQBMEPTEFMBOUFSPT SFEFOMBQBSUF JOGFSJPSEFMBDPOTPMBDFOUSBM<MBEPEFMBDPNQB±BOUF>FOFMNBMFUFSPSFEFOFMMBEPJ[RVJFSEP QJTPDPOWFSUJCMF DBSSJMFT EFBKVTUFDPODVBUSPBSHPMMBTEFBNBSSF HBODIPTNVMUJGVODJ³OZDPSSFBFM¡TUJDB

𶈁

𶈀

𶈄

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

𶈄

9񂌙  Y%SJWF񂌙 񂌡 J

𶈄

9񂌙  Y%SJWF񂌘 񂌦 E

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

#.8$POOFDUFE%SJWF4FSWJDJPTUFMFN¡UJDPT ѭ#.85FMF4FSWJDFT

𶈁

𶈁

𶈁

𶈁

3BEJP"VEJP ѭ"NQMJBDJ³OEFDPOFYJ³OEFSFQSPEVDUPSEFNºTJDBEFUFM©GPOPN³WJM

𶈁

𶈁

𶈁

𶈄

𶈄

𶈄

ѭ*OUFSDBNCJBEPSEF𶅔 %7%

𶈁

𶈁

𶈁

𶈁

ѭ$POFYJ³O"69*/ ѭ3BEJP#.81SPGFTTJPOBM DPOQBOUBMMBEF𶅔 𶅓 QVMHBEBT DPOUSPMBEPSJ%SJWFZ𶅔 BMUBWPDFTEF𶅒 Y𶅐 𶅓 WBUJPT NBOVBMEF JOTUSVDDJPOFTFMFDUS³OJDP

𶈄

𶈄

𶈁

ѭ4JTUFNBEFBMUBWPDFT)J'J 𶅉 𶅐 BMUBWPDFTEF𶅐 𶅘 𶅓 WBUJPT 4JOUPOJ[BEPSEF57BOBM³HJDPZEJHJUBM 5%5 EJTQPOJCMFFODPNCJOBDJ³ODPOFMTJTUFNBEFOBWFHBDJ³O1SPGFTTJPOBM

𶈁

𶈄

ѭ4JOUPOJ[BEPS%"#QBSBSFDJCJSUBNCJ©OQSPHSBNBTEFSBEJPEJHJUBMFT DPNQBUJCMFDPO%"# %.# ѭ4JTUFNB)J'J1SPGFTTJPOBM 𶅉 𶅔 BMUBWPDFTEF𶅔 𶅘 𶅘 WBUJPT

𶈄

𶈁

𶈁

𶈁

𶈁

𶈁

𶈁

𶈁 𶈁

𶈄

𶈁

𶈁

𶈁 𶈁

𶈁 𶈁

𶈁

4JTUFNBTEFOBWFHBDJ³O ѭ#VTJOFTTDPOEJTQMBZEFDPOUSPMEF𶅔 𶅓 QVMHBEBT DPOUSPMBEPSJ%SJWF DPOCPUPOFTEFBDDFTPEJSFDUPZCPUPOFTEF GBWPSJUPT SFQSFTFOUBDJ³OFO𶅐 % NBOVBMEFJOTUSVDDJPOFTFMFDUS³OJDP 𶈁

𶈁

ѭ1SPGFTTJPOBMDPOEJTQMBZEFDPOUSPMEF𶅖 𶅖 QVMHBEBT DPOUSPMBEPSJ%SJWF DPOCPUPOFTEFBDDFTPEJSFDUPZCPUPOFTEF GBWPSJUPT GVODJ³OEFEJWJTJ³OEFQBOUBMMB EJTDPEVSPDPO𶅉 𶅐 HJHBCZUFTEFNFNPSJBQBSBBSDIJWPTEFBVEJP  SFQSFTFOUBDJ³OFO𶅑 % NBOVBMEFJOTUSVDDJPOFTFMFDUS³OJDP

𶈁

𶈁

𶈁

𶈁

𶈁

𶈁

5FM©GPOP ѭ1SFQBSBDJ³OQBSBUFM©GPOPN³WJMDPODPOFYJ³O#MVFUPPUI𶅑 JODMDPOFYJ³O64#ZDPOUSPMQPSWP[

𶈁

ѭ4JTUFNBEFNBOPTMJCSFT

𶈁

𶈁 𶈁

𶈁 𶈁

𶈁

𶈁


7BSJBOUFTEFFRVJQBNJFOUP

$PMPSFT

&RVJQBNJFOUP

1FTPT

9񂌙  Y%SJWF񂌘 񂌤 J񂌗 񂌙

9񂌙  Y%SJWF񂌙 񂌡 J񂌙

9񂌙  Y%SJWF񂌘 񂌦 E

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

1FTPFOWBD­P6&𶅒

LH

𶅉 𶅖 𶅐 𶅘

𶅉 𶅖 𶅖 𶅘

𶅉 𶅕 𶅗 𶅘 <𶅉 𶅖 𶅘 𶅘 >

𶅉 𶅖 𶅕 𶅓

1FTPN¡YJNPBENJTJCMF

LH

𶅐 𶅑 𶅘 𶅓

𶅐 𶅑 𶅔 𶅓

𶅐 𶅐 𶅗 𶅘 <𶅐 𶅑 𶅘 𶅘 >

𶅐 𶅑 𶅕 𶅘

$BSHBºUJM

LH

𶅓 𶅔 𶅘

𶅓 𶅔 𶅘

𶅓 𶅕 𶅓

𶅓 𶅕 𶅘

$BSHBBENJTJCMFTPCSFFMFKFEFMBOUFSPUSBTFSP

LH

𶅉 𶅘 𶅖 𶅘 𶅉 𶅐 𶅖 𶅘

𶅉 𶅉 𶅑 𶅘 𶅉 𶅐 𶅗 𶅘

𶅉 𶅘 𶅖 𶅘 𶅉 𶅐 𶅖 𶅘

𶅉 𶅉 𶅒 𶅘 𶅉 𶅐 𶅗 𶅘

1FTPBENJTJCMFTPCSFFMUFDIP 1FTPBENJTJCMFEFMSFNPMRVFTJOGSFOP𶅓

LH

𶅉 𶅘 𶅘

𶅉 𶅘 𶅘

𶅉 𶅘 𶅘

𶅉 𶅘 𶅘

LH

𶅕 𶅓 𶅘

𶅕 𶅓 𶅘

𶅕 𶅓 𶅘

𶅕 𶅓 𶅘

LH

𶅐 𶅒 𶅘 𶅘

𶅐 𶅒 𶅘 𶅘

𶅐 𶅘 𶅘 𶅘 <𶅐 𶅒 𶅘 𶅘 >

𶅐 𶅒 𶅘 𶅘

1FTPBENJTJCMFEFMSFNPMRVFDPOGSFOPZQFOEJFOUFN¡YJNBEFM𶅖 𶅓

LH

𶅐 𶅒 𶅘 𶅘

𶅐 𶅒 𶅘 𶅘

𶅐 𶅘 𶅘 𶅘 <𶅐 𶅒 𶅘 𶅘 >

𶅐 𶅒 𶅘 𶅘

$BSHBEFBQPZPBENJTJCMFTPCSFFMFOHBODIFEFSFNPMRVF

LH

𶅉 𶅘 𶅘

𶅉 𶅘 𶅘

𶅉 𶅘 𶅘

𶅉 𶅘 𶅘

9񂌙  Y%SJWF񂌘 񂌤 J񂌗 񂌙

9񂌙  Y%SJWF񂌙 񂌡 J񂌙

9񂌙  Y%SJWF񂌘 񂌦 E

𶅔 𶅒

𶅔 𶅒

𶅒 𶅒

1FTPBENJTJCMFEFMSFNPMRVFDPOGSFOPZQFOEJFOUFN¡YJNBEFM𶅉 𶅐 

.PUPS񂌢

𶅓

񂌣

$JMJOESPTW¡MWVMBT

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

$JMJOESBEB

DN𶅑

𶅐 𶅗 𶅗 𶅔

𶅐 𶅗 𶅕 𶅗

𶅉 𶅗 𶅗 𶅓

𶅐 𶅗 𶅗 𶅑

NN

𶅖 𶅖 𶅘 𶅖 𶅓 𶅘

𶅖 𶅗 𶅔 𶅖 𶅒 𶅘

𶅗 𶅘 𶅘 𶅖 𶅒 𶅘

𶅗 𶅘 𶅘 𶅖 𶅒 𶅘

1BSN¡YJNPS©HJNFO 3FMBDJ³OEFDPNQSFTJ³O

$7

𶅐 𶅓 𶅖

𶅑 𶅘 𶅔

𶅉 𶅖 𶅒

𶅐 𶅓 𶅖

SQN

𶅔 𶅔 𶅘 𶅘

𶅓 𶅖 𶅘 𶅘

𶅒 𶅘 𶅘 𶅘

𶅒 𶅘 𶅘 𶅘

/N

𶅑 𶅉 𶅘

𶅒 𶅘 𶅘

𶅑 𶅖 𶅘

𶅓 𶅔 𶅘

SQN

𶅐 𶅔 𶅘 𶅘 ѭ𶅑 𶅘 𶅘 𶅘

𶅉 𶅐 𶅘 𶅘 ѭ𶅓 𶅘 𶅘 𶅘

𶅉 𶅕 𶅓 𶅘 ѭ𶅐 𶅕 𶅓 𶅘

𶅐 𶅘 𶅘 𶅘 ѭ𶅐 𶅕 𶅓 𶅘

𶅉 𶅘 𶅕

𶅉 𶅘 𶅐

𶅉 𶅔 𶅓

𶅉 𶅔 𶅓

9񂌙  Y%SJWF񂌘 񂌤 J񂌗 񂌙

9񂌙  Y%SJWF񂌙 񂌡 J񂌙

9񂌙  Y%SJWF񂌘 񂌦 E

𶅒 𶅕 𶅉 𶅑 𶅉 𶅒 𶅐 𶅉 𶅉

𶅒 𶅕 𶅉 𶅑 𶅉 𶅒 𶅐 𶅉 𶅉

𶅒 𶅉 𶅉 𶅐 𶅐 𶅓 𶅉 𶅒 𶅘

𶅉

5SBOTNJTJ³O 3FMBDJ³OEFDBNCJPEFTFSJF

𶅉 j𶅐 j𶅑 j𶅉

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

𶅉 𶅔 𶅕 𶅉 𶅐 𶅗 𶅉 𶅘 𶅘

𶅉 𶅔 𶅕 𶅉 𶅐 𶅗 𶅉 𶅘 𶅘

𶅉 𶅘 𶅘 𶅘 𶅖 𶅘 𶅘 𶅔 𶅔

𶅉 𶅔 𶅕 𶅉 𶅐 𶅗 𶅉 𶅘 𶅘

𶅕 j𶅖 j3𶅉

𶅘 𶅖 𶅒 𶅘 𶅔 𶅕 𶅑 𶅑 𶅘

𶅘 𶅖 𶅒 𶅘 𶅔 𶅕 𶅑 𶅑 𶅘

ѭѭ𶅑 𶅕 𶅑

𶅘 𶅖 𶅒 𶅘 𶅔 𶅕 𶅑 𶅑 𶅐

𶅑 𶅕 𶅑

𶅑 𶅑 𶅗

𶅑 𶅕 𶅑 <𶅑 𶅘 𶅖 >

𶅐 𶅖 𶅉

9񂌙  Y%SJWF񂌘 񂌤 J񂌗 񂌙

9񂌙  Y%SJWF񂌙 񂌡 J񂌙

9񂌙  Y%SJWF񂌘 񂌦 E

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

LNI

𶅐 𶅑 𶅘

𶅐 𶅒 𶅓

𶅐 𶅉 𶅘

𶅐 𶅑 𶅘

"DFMFSBDJ³O𶅘 ѭ𶅉 𶅘 𶅘 LNI

T

𶅔 𶅗

𶅓 𶅕

𶅖 𶅓

𶅔 𶅐

3FDVQFSBDJ³O𶅖 𶅘 ѭ𶅉 𶅐 𶅘 LNIFO𶅒 j𶅓 jWFMPDJEBE DBNCJPEFTFSJF

T

ѭ

ѭ

𶅔 𶅗 𶅗 𶅘

9񂌙  Y%SJWF񂌘 񂌤 J񂌗 񂌙

9񂌙  Y%SJWF񂌙 񂌡 J񂌙

9񂌙  Y%SJWF񂌘 񂌦 E

𶅉 𶅐 𶅑

𶅉 𶅉 𶅐

𶅔 𶅕 <𶅔 𶅉 >

L" L"

𶅉

1SFTUBDJPOFT 7FMPDJEBEN¡YJNB

$POTVNP񂌢

񂌣

6SCBOP

M𶅉 𶅘 𶅘 LN

&YUSBVSCBOP

M𶅉 𶅘 𶅘 LN

𶅕 𶅉

1SPNFEJP

M𶅉 𶅘 𶅘 LN

𶅗 𶅘

HLN

𶅐 𶅉 𶅘

M

𶅔 𶅕

&NJTJPOFTEF$0𶅐 $BQBDJEBEBQSPYJNBEBEFMEFQ³TJUP

  7JTJ³OHFOFSBM

𶅖 𶅖 𶅖 𶅖

񂌙

𶅒 𶅕 𶅉 𶅑 𶅉 𶅒 𶅐 𶅉 𶅉

𶅒 j𶅓 j𶅔 j𶅉 3FMBDJ³OEFMEJGFSFODJBMUSBTFSP

񂌙

𶅔 𶅒

$BSSFSBEJ¡NFUSP 1PUFODJBOPNJOBM3©HJNFOOPNJOBM

񂌙

񂌙

𶅖 𶅖

ѭ

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

𶅕 𶅒

 <𶅓 𶅑 >

𶅖 𶅖

𶅓 𶅔

𶅔 𶅘

𶅐 𶅘 𶅒

𶅉 𶅒 𶅗 <𶅉 𶅒 𶅕 >

𶅉 𶅓 𶅗

𶅔 𶅕

𶅔 𶅕

𶅔 𶅕

񂌙

𶅖 𶅖

𶈄 &RVJQBNJFOUPEFTFSJF  𶈁 &RVJQBNJFOUPPQDJPOBM  𶆄 OPEJTQPOJCMF


5BCMBT

%BUPTU©DOJDPT

#.84FSWJDF

3VFEBT

9񂌙  Y%SJWF񂌘 񂌤 J񂌗 񂌙

9񂌙  Y%SJWF񂌙 񂌡 J񂌙

9񂌙  Y%SJWF񂌘 񂌦 E

5BNB±PEFMOFVN¡UJDP

𶅐 𶅒 𶅓 𶅓 𶅘 3𶅉 𶅖 8

𶅐 𶅒 𶅓 𶅓 𶅘 3𶅉 𶅖 8

𶅐 𶅐 𶅓 𶅔 𶅘 3𶅉 𶅕 7

5BNB±PEFMBMMBOUB .BUFSJBM

4JTUFNBFM©DUSJDP "I

𶅖 +Y𶅉 𶅖

𶅖 +Y𶅉 𶅖

𶅕 𶅓 +Y𶅉 𶅕

𶅖 +Y𶅉 𶅖

"MFBDJ³OMJHFSB

"MFBDJ³OMJHFSB

"MFBDJ³OMJHFSB

"MFBDJ³OMJHFSB

9񂌙  Y%SJWF񂌘 񂌤 J񂌗 񂌙

9񂌙  Y%SJWF񂌙 񂌡 J񂌙

9񂌙  Y%SJWF񂌘 񂌦 E



𶅗 𶅘

𶅗 𶅘

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

񂌙

𶅗 𶅘

"

𶅐 𶅉 𶅘

𶅐 𶅉 𶅘

𶅉 𶅖 𶅘 <𶅐 𶅉 𶅘 >

𶅐 𶅉 𶅘

8

𶅐 𶅗 𶅒 𶅘

𶅐 𶅗 𶅒 𶅘

𶅐 𶅓 𶅐 𶅘 <𶅐 𶅗 𶅒 𶅘 >

𶅐 𶅗 𶅒 𶅘

𶅉 𶅔 𶅔 𶅉 𶅗 1644

X𶅉 𶅘 X𶅑 X𶅑 X

1PUFODJBEFMBMUFSOBEPS

񂌙

𶅐 𶅒 𶅓 𶅓 𶅘 3𶅉 𶅖 8

X𶅗 X𶅗 X𶅒 X

$BQBDJEBEEFMBCBUFS­B

9񂌙  Y%SJWF񂌙 񂌦 E񂌘

𶅖 𶅔 𶅉 861

𶅐 𶅖 𶅉 𶅘 2810

𶅗 𶅕 𶅕 977

𶅒 𶅔 𶅒 𶅖 4648

XXXX 𶅉 𶅒 𶅖 𶅑

𶅉 𶅖 𶅖 𶅉 1881

𶅉 𶅒 𶅓 𶅖 XXXX

𶅉1616 𶅔 𶅉 𶅔 𶅉𶅘

𶅉 1632 𶅔 𶅑 𶅐 𶅉𶅘 𶅐 𶅘 𶅗 𶅕 2098

5PEBTMBTEJNFOTJPOFTEFMPTEJCVKPTU©DOJDPTTFJOEJDBOFONJM­NFUSPT$BQBDJEBEEFMNBMFUFSPEF𶅓 𶅓 𶅘 B𶅉 𶅔 𶅘 𶅘 MJUSPT

   𶅒 

𶅔

𶅓

𶅑

𶅐

𶅉

%JTQPOJCMFQSPCBCMFNFOUFBQBSUJSEFM𶅒 zUSJNFTUSFEF𶅐 𶅘 𶅉 𶅘  %JTQPOJCMFQSPCBCMFNFOUFBQBSUJSEFM𶅐 zUSJNFTUSFEF𶅐 𶅘 𶅉 𶅉  %  FTFSJFDPODBNCJPBVUPN¡UJDP4UFQUSPOJDEF𶅖 WFMPDJEBEFT 1  FTPDPOFMEFQ³TJUPMMFOPFOVO𶅗 𶅘  VODPOEVDUPSEF𶅔 𶅖 LHZ𶅕 LHEFFRVJQBKF&MQFTPFO WBD­PDPSSFTQPOEFBWFI­DVMPTDPOFRVJQBNJFOUPEFTFSJF&MFRVJQBNJFOUPPQDJPOBMBVNFOUB FTUFWBMPS  &MQFTPUPUBMFGFDUJWPEFMSFNPMRVFOPQVFEFTFSNBZPSRVFMBTVNBEFMQFTPN¡YJNPBENJTJCMF SFNPMDBEPN¡TMBDBSHBN¡YJNBBENJTJCMFTPCSFFMFOHBODIFEFMSFNPMRVF #  .8SFDPNJFOEBFMVTPEFHBTPMJOBTºQFSTJOQMPNPEF𶅗 𶅓 PDUBOPT4FBENJUFDPNCVTUJCMFTJO QMPNPEF𶅗 𶅉 PDUBOPTPN¡TDPOVOBQPSDFOUBKFN¡YJNPEFFUBOPMEFM𶅉 𶅘  &𶅉 𶅘 -PTEBUPTEF QPUFODJBZDPOTVNPDPSSFTQPOEFOBMDPNCVTUJCMFEF𶅗 𶅖 PDUBOPT

5  PEPTMPTNPUPSFTDVNQMFOMBOPSNBEFHBTFTEFFTDBQF6&𶅓 &MDPOTVNPTFCBTBFOFMDJDMP &$& 𶅗 𶅑 𶅉 𶅉 𶅔 $& $PNQSFOEFBQSPYJNBEBNFOUFVOUFSDJPEFMBEJTUBODJBSFDPSSJEBFO[POB VSCBOBZEPTUFSDJPTFODBSSFUFSB"EFN¡TEFMDPOTVNP TFNJEFOMBTFNJTJPOFT$0𶅐 &MDPOTVNP TFCBTBFOFMFRVJQBNJFOUPEFTFSJF-PTFRVJQBNJFOUPTPQDJPOBMFT QFK MPTOFVN¡UJDPTN¡T BODIPT QVFEFOBGFDUBSNVDIPBMDPOTVNP 𶅖  7BMPSQSPWJTJPOBM OPPGJDJBM 𶅗  "MUVSBDPOBOUFOBEFUFDIP𶅉 𶅔 𶅕 𶅓 NN 𶅉 𶅘 -BBODIVSBEFW­BEFM#.89𶅑 Y%SJWF𶅑 𶅓 JFTEF𶅉 𶅓 𶅗 𶅒 NNEFMBOUFZ𶅉 𶅔 𶅉 𶅘 NNEFUS¡T 𶅕

-PTWBMPSFTFOUSFDPSDIFUFT<>DPSSFTQPOEFOBMPTWFI­DVMPTDPODBNCJPBVUPN¡UJDP4UFQUSPOJDEF 𶅖 WFMPDJEBEFT


7BSJBOUFTEFFRVJQBNJFOUP

$PMPSFT

$PODFQUPEF#.84FSWJDFTJFNQSFBMEยญB"MDPNQSBSVO#.8BERVJFSF QPSQBSUFEFOVFTUSBNBSDBMBDBMJEBEZBTJTUFODJBEFVOTFSWJDJPQFSGFDUP &TUBNPTTJFNQSFBTVEJTQPTJDJยณOFO๐ถ…‰ ๐ถ… ๐ถ…– QVOUPTFO&TQBยฑBZFONยกTEF๐ถ…‘ ๐ถ…‘ ๐ถ…˜ ๐ถ…˜  SFQBSUJEPTFONยกTEF๐ถ…‰ ๐ถ…“ ๐ถ…˜ QBยญTFTEFUPEPFMNVOEP(SBDJBTBMFRVJQPEF EJBHOยณTUJDPJODPSQPSBEPBMWFIยญDVMP VTUFETJFNQSFTBCSยกDPOFYBDUJUVEMBGFDIB EFMBTJHVJFOUFSFWJTJยณOZMBTPQFSBDJPOFTRVFIBOEFSFBMJ[BSTF&MTJTUFNB $POEJUJPO#BTFE4FSWJDF $#4 NJEFEFNBOFSBJOEFQFOEJFOUFFMFTUBEP EFMPTDPNQPOFOUFTNยกTJNQPSUBOUFTTVKFUPTBEFTHBTUF ZUBNCJยฉOEFUFSNJOB FMUJFNQPZFMLJMPNFUSBKFRVFGBMUBOQBSBMBTJHVJFOUFSFWJTJยณOEFTV#.8 #BTยกOEPTFFOMPTEBUPTNFEJEPTBVUPNยกUJDBNFOUF MBQBOUBMMBEFJOGPSNBDJยณO

&RVJQBNJFOUP

EFMIBCJUยกDVMPJOEJDBDPOBOUFMBDJยณOFMNPNFOUPFORVFEFCFQBTBSVOBSFWJTJยณO $POBZVEBEFMTJTUFNBJ%SJWF PQDJPOBM QPESยกDPOTVMUBSFOMBQBOUBMMBEFDPOUSPM FMNPNFOUPFYBDUPEFMBTJHVJFOUFSFWJTJยณOZMPTDPNQPOFOUFTRVFEFCFO FYBNJOBSTF$PO#.85FMF4FSWJDFT VOJOOPWBEPSTFSWJDJPUFMFNยกUJDPEF#.8  EFTFSWJDJP#.8 MBJOGPSNBDJยณOPCUFOJEBQPS$#4TFUSBOTNJUFBVUPNยกUJDBNFOUF BMB3FEEF4FSWJDJPT0๐ถ‰ DJBMFT#.8%FFTUFNPEP TV"TFTPSEF4FSWJDJP#.8 QPESยกBTFTPSBSMFEFVOBGPSNBNยกTDPNQMFUB4V4FSWJDJP0๐ถ‰ DJBM#.8VUJMJ[B 3FDBNCJPT0SJHJOBMFT#.8QBSBUPEPTMPTUSBCBKPT QPSRVFMBDBMJEBEZMB TFHVSJEBETPOQBSBOPTPUSPTMPQSJNFSP

%*4'365"3&45&/&3-"4&/4"$* / %&&45"3&/-"4.&+03&4."/04 #.84&37*$&1"3"46#.8 #.84FSWJDF*ODMVTJWF4V4FSWJDJP 0GJDJBM#.8UBNCJยฉOMFPGSFDFVOB TPMVDJยณOJOUFMJHFOUFFODVBOUPBDPTUFT EFTFSWJDJP$PO#.84FSWJDF*ODMVTJWF OPUFOESยกOJOHยบODPTUFBEJDJPOBMEF NBOUFOJNJFOUPEVSBOUFFMQMB[PZ DPCFSUVSBTBDPSEBEPT&ODPOUSBSยก NยกTEFUBMMFTFO XXXCNXFTTFSWJDFJODMVTJWF

$PO#.85FMF4FSWJDFTFTUBSยก TJFNQSFFOCVFOBTNBOPT-PT WFIยญDVMPT#.8QVFEFOQPOFSTF FODPOUBDUPEJSFDUBNFOUFDPOTV 4FSWJDJP0๐ถ‰ DJBM#.8IBCJUVBMZBWJTBS EFMBOFDFTJEBEEFNBOUFOJNJFOUP &ODVBOUPMPTTFOTPSFT$#4EFUFDUBO EJDIBOFDFTJEBE FMWFIยญDVMPSFBMJ[B VOBMMBNBEBBVUPNยกUJDBBUSBWยฉTEFM TJTUFNB#MVFUPPUIEFTVUFMยฉGPOP NยณWJMZUSBOTNJUFUPEPTMPTEBUPT SFMFWBOUFT RVFIBTUBBIPSBTยณMP QPEยญBOEFUFSNJOBSTFFOFMUBMMFS 1PTUFSJPSNFOUF VO"TFTPSEF4FSWJDJP DPOUBDUBSยกDPOVTUFEQBSBDPODFSUBS MBDJUBFO5BMMFS%FFTUFNPEP VTUFE FTUBSยกTFHVSPEFBDVEJSBM5BMMFSTยณMP DVBOEPTFBOFDFTBSJPZOPUFOESยก RVFQSFPDVQBSTFQPSMBHFTUJยณOEFM NBOUFOJNJFOUPCยกTJDPEFTVWFIยญDVMP  TV#.8MPIBSยกQPSVTUFE &ODPOUSBSยกNยกTJOGPSNBDJยณOFO XXXCNXFTUFMFTFSWJDFT

#.8.PCJMF$BSFOJOHยบO QSPCMFNBBMBWJTUB&ODBTPEF BWFSยญB FMTFSWJDJP#.8.PCJMF$BSF FTUBSยกFOUPEPNPNFOUPBTV EJTQPTJDJยณO MPT๐ถ…‘ ๐ถ…” ๐ถ…“ EยญBTEFMBยฑP 5ยฉDOJDPTFTQFDJBMNFOUFGPSNBEPT QPS#.8TFIBSยกODBSHPEFUPEP QBSBSFTUBCMFDFSMBPQFSBUJWJEBEEF TVWFIยญDVMP ZBTFBQPSUFMยฉGPOPPFO DBSSFUFSB5BNCJยฉOMPTDPTUFTFYUSB  DPNPHSยบB DPDIFEFBMRVJMFS UBYJ  FTUBODJBTFOIPUFMFTZUSBTMBEPEFM WFIยญDVMPFO&VSPQB FTUยกODVCJFSUPT IBTUBDJODPBยฑPTUSBTMBGFDIBEF NBUSJDVMBDJยณOTFHยบOMBTDPOEJDJPOFT EFNPWJMJEBEEF#.8.PCJMF$BSF 1VFEFPCUFOFSNยกTJOGPSNBDJยณOFO TV$PODFTJPOBSJPP4FSWJDJP0๐ถ‰ DJBM #.8 FOFMUFMยฉGPOPEF"UFODJยณOBM $MJFOUF๐ถ…— ๐ถ…˜ ๐ถ… ๐ถ…‘ ๐ถ…“ ๐ถ…• ๐ถ…— ๐ถ…˜ ๐ถ… EF๐ถ…˜ ๐ถ…— ๐ถ…˜ ๐ถ…˜ B๐ถ… ๐ถ…‰ ๐ถ…˜ ๐ถ…˜  IPSBT PFOOVFTUSBQยกHJOBXFC XXXCNXFTNPCJMFDBSF

#.8'JOBODJBM4FSWJDFT#.8 'JOBODJBM4FSWJDFTQPOFBTVEJTQPTJDJยณO VOBFYUFOTBZWBSJBEBHBNBEFTFSWJDJPT ZQSPEVDUPT๐ถ‰ OBODJFSPT (SBDJBTBOVFTUSBTNยบMUJQMFTBMUFSOBUJWBT EF'JOBODJBDJยณO VTUFEQPESยกBERVJSJS TV#.8FOQMB[PTEFIBTUB๐ถ…— ๐ถ…” NFTFT  QVEJFOEPQBHBSDยณNPEBNFOUFMBT DVPUBT4JMPRVFCVTDBFT๐ถ‰‚ FYJCJMJEBE  DPOFMQSPHSBNB4FMFDUQPESยกEJTGSVUBS EFM#.8RVFTJFNQSFIBEFTFBEP DPODVPUBTBUSBDUJWBTFOQMB[PTEF๐ถ…‰ B ๐ถ…‘ BยฑPT DPOWJSUJยฉOEPMFFOQSPQJFUBSJP EFTV#.8EFTEFFMQSJNFSNPNFOUP "EFNยกT MFHBSBOUJ[BNPTVO7BMPS'VUVSP EFSFDPNQSBZBM๐ถ‰ OBMEFMDPOUSBUPVTUFE EFDJEFTJEFTFBDBNCJBSEFNPEFMPP RVFEBSTFTV#.8&OUPEPTMPTDBTPT  UFOESยกMBQPTJCJMJEBEEFBTFHVSBSTV ๐ถ‰ OBODJBDJยณOBUSBWยฉTEF1SPUFDDJยณO #.8&MUJUVMBSEFMBPQFSBDJยณOFT TJFNQSFQFSTPOBGยญTJDBZNFOPSEF ๐ถ…” ๐ถ…“ BยฑPT6OBHBSBOUยญB TJOEVEB QBSB VTUFEZMPTTVZPT6TUFEFMJKBTV#.8 ZOPTPUSPTMFBZVEBNPTBEFDJEJS DVยกMFTMBTPMVDJยณO๐ถ‰ OBODJFSBRVF NFKPSTFBEBQUBBTVTOFDFTJEBEFT *OGยณSNFTFFOXXXCNXGTFT FO TV$PODFTJPOBSJP0๐ถ‰ DJBM#.8P FOFMUFMยฉGPOPEF"UFODJยณOBM$MJFOUF ๐ถ…— ๐ถ…˜ ๐ถ… ๐ถ…‰ ๐ถ…‘ ๐ถ…“ ๐ถ…” ๐ถ…• ๐ถ…˜ 

$"33&5&3"426&$0/%6$&/ "-"35& $VSWBTFOUSFTWPMDBOFT-BO[BSPUF &TQBยฑB -BTQFRVFยฑBTDBSSFUFSBTBTGBMUBEBTTFSQFOUFBOEFGPSNBQJOUPSFTDB FOUSFยกSJEBTNPOUBยฑBTEFMBWBKVOUPBTFNJDยญSDVMPTEFQJFESBTDPOWJEFT WFSEFTZSFMVNCSBOUFTDBTBTCMBODBT&O5BIJDIFTFFODVFOUSBMBDBTB EFMBSUJTUB$ยฉTBS.BOSJRVF)PZFTMBTFEFEFMB'VOEBDJยณO$ยฉTBS .BOSJRVFRVFBDPHFPCSBTEF1JDBTTPZ.JSยณ%FTEFBRVยญQBSUFVOB SVUBEFFOPSNFFODBOUPQBJTBKยญTUJDPFOEJSFDDJยณOOPSEFTUFIBDJBMBT DVFWBTTVCUFSSยกOFBTEFMPT+BNFPTEFM"HVBZFM.JSBEPSEFM3ยญP


5BCMBT

%BUPTUยฉDOJDPT

#.84FSWJDF

&-1-"$&3%&$0/%6$*35*&/&.6$)"4$"3"4 #.8$BSE#.8'JOBODJBM4FSWJDFT UBNCJยฉOMFPGSFDFMBQPTJCJMJEBEEF BTFHVSBSTVWFIยญDVMPDPO#.85PQ $PWFS-FPGSFDFNPTMBTNFKPSFT TPMVDJPOFTBTVTQPTJCMFTJNQSFWJTUPT 6OTFSWJDJPEFDBMJEBEZDPOMBT NยกYJNBTDPCFSUVSBT*OGยณSNFTFFO XXXCNXGTFT FOTV$PODFTJPOBSJP 0๐ถ‰ DJBM#.8PFOFMUFMยฉGPOPEF "UFODJยณOBM$MJFOUF๐ถ…— ๐ถ…˜ ๐ถ… ๐ถ…‰ ๐ถ…‘ ๐ถ…“ ๐ถ…” ๐ถ…• ๐ถ…˜ 

.J#.8UBOJOEJWJEVBMDPNP TVTEFTFPT$PO๐ถ‰ HVSFVO#.8 UPUBMNFOUFQFSTPOBMJ[BEPEFGPSNB SยกQJEBZDยณNPEBDPOMBTNPEFSOBT QPTJCJMJEBEFTRVFMFPGSFDFNPT&O XXXCNXFTUBNCJยฉOQPESยกMPDBMJ[BS SยกQJEBNFOUFFM$PODFTJPOBSJP0๐ถ‰ DJBM #.8NยกTDFSDBOPBTVEPNJDJMJP  EPOEFQPESยกTPMJDJUBSVOQSFTVQVFTUP PDPODFSUBSVOBQSVFCBEFWFIยญDVMP 3FHยญTUSFTFZQPESยกDPO๐ถ‰ HVSBS  NPEJ๐ถ‰ DBSZHVBSEBSTVัถWFIยญDVMP TPยฑBEPัท

&WFOUPT#.8&YQFSJNFOUFMB QBTJยณOEF#.8ZFMNยกTQVSPQMBDFS EFDPOEVDJSFOOVFTUSPTFWFOUPT &ODPOUSBSยกUPEBMBPGFSUBEFFWFOUPT #.8FOXXXCNXFT

3VUBTMBDVTUSFTZBSUFัญ#FSOSJFE "MFNBOJB 2VJFOSFDPHFTVOVFWPWFIยญDVMPFO#.88FMUFO.ยบOJDIFODVFOUSB BRVยญFMMVHBSJEFBMQBSBSFBMJ[BSVOBQSJNFSBQSVFCBEFDPOEVDDJยณO -BTTJOVPTBTDBSSFUFSBTTFDVOEBSJBTMFQFSNJUJSยกODPOUFNQMBSQBMBDJPT  DBTJUBTEFQFTDBEPSFTZQPTBEBTSVSBMFT+VOUPBMMBHP4UBSOCFSHFS 4FF FO#FSOSJFE TFFODVFOUSBVOPEFMPTNVTFPTBMFNBOFTNยกTCFMMPT QBSFDFVOCBSDPEFWBQPSBSSBTUSBEPBUJFSSBTUFBMCFSHBMBDPMFDDJยณO EFPCSBTFYQSFTJPOJTUBTNยกTGBNPTBEFMNVOEPQFSUFOFDJFOUFTBMFTDSJUPS -PUIBS(ยผOUIFS#VDIIFJN-BTPCSBTEFMHSVQPEFBSUJTUBT%JF#SยผDLF BUSBFOMBNยกYJNBBUFODJยณO&OMBPSJMMBPSJFOUBMPQVFTUBTFQVFEFO EFHVTUBSFOMBQPTBEBSVSBM-JN FO.ยผOTJOH FTQFDJBMJEBEFTCยกWBSBT DPODBSOFEFMBDBTB &ODPOUSBSยกMBTSVUBTNยกTIFSNPTBTFO๑‚

XXXCNXFT

#.8.BHB[JOF#.8.BHB[JOF MFPGSFDFJOUFSFTBOUFTDPOUFOJEPT SFMBDJPOBEPTDPOFM.VOEPEF#.8 "MBERVJSJSVOWFIยญDVMP#.8 QVFEF TPMJDJUBSMBTVTDSJQDJยณOZMBSFDJCJSยกFO TVEPNJDJMJPEFGPSNBHSBUVJUB

#.8%SJWFS5SBJOJOHFYQFSJNFOUBS MBQFSGFDDJยณO$POEVDJSVO#.8EFCF PGSFDFSQMBDFSEFDPOEVDJS:DPNP PDVSSFDPODVBMRVJFSFRVJQPEFQPSUJWP  DVยกOUPNFKPSTFDPOPDF NยกTEFTBGยญPT QVFEFOBDFQUBSTF&O#.8%SJWFS 5SBJOJOHMMFWBSยกTV#.8BMMยญNJUFQPS DBMMFT QJTUBTPJODMVTPDJSDVJUPTEF DBSSFSBT QFSPTJFNQSFDPOTFHVSJEBE ZEPNJOJP"QSFOEFSยกEFTUSF[BT FTQFDJBMFTFODVBOUPBMBTFHVSJEBE  FMJOWJFSOPPFMBIPSSPEFFOFSHยญBF JODMVTPQPESยกSFBMJ[BSDVSTPTFOVOP EFMPTDJSDVJUPTNยกTEVSPTEFMNVOEP  FMEF/ยผSCVSHSJOH.ยกTJOGPSNBDJยณOFO XXXCNXFT

#.88FMUFMIPHBSEFMQMBDFS EFDPOEVDJS%FTDVCSJSTV#.8  TFOUBSTFFOยฉM BSSBODBSMPQPSQSJNFSB WF[ TFOUJSMPา€-BFOUSFHBEFVODPDIF IBTJEPEFTEFTJFNQSFVOPEFMPT NPNFOUPTNยกTFTQFDJBMFTQBSBUPEP DPOEVDUPS"IPSBQVFEFDPOWFSUJSFTF NPNFOUPFOUPEPVOEยญBJOPMWJEBCMF FOFMOVFWP#.88FMU FMDFOUSPEF FYQFSJFODJBTZFOUSFHBEFBVUPNยณWJMFT EF#.8FO.ยบOJDI5FOHBMB PQPSUVOJEBEEFIBDFSVOSFDPSSJEPFO FM.VTFP#.8RVFFODPOUSBSยกFO FMNJTNPSFDJOUP EFKFRVFOVFTUSPT JOHFOJFSPTMFFYQMJRVFOMBTยบMUJNBT JOOPWBDJPOFTFOFMFTUVEJPUยฉDOJDPP FYQFSJNFOUFEFDFSDBMBJOOPWBEPSBZ DVJEBEBGPSNBFOMBRVFTFQSPEVDF VO#.8EVSBOUFVOBWJTJUBBMBGยกCSJDB 7JTJUFFM.VOEPEF#.8FOMB EJSFDDJยณOEF*OUFSOFUXXXCNXFT &OTV$PODFTJPOBSJP0๐ถ‰ DJBM#.8 MFBZVEBSยกODPNQMBDJEPTZFTUBSยกO FODBOUBEPTEFSFDJCJSMF

)BDJBMBMV[ัญ"SJ[POB &&66 6ODSยกUFSEFVOEPSNJEPWPMDยกO FOFMEFTJFSUPEF"SJ[POB BVOBIPSB MBSHBFOEJSFDDJยณOOPSEFTUFEFTEFMBDJVEBEEF'MBHTUBGGFTFMFTDFOBSJP EFMBPCSBWJUBMJDJBEFMBSUJTUBFTUBEPVOJEFOTF+BNFT5VSSFMM&OMPT JONFOTPTUFSSFOPTKVOUPBMEFTJFSUP1BJOUFEFTUFIPNCSFFTUยกDSFBOEP VOGBTDJOBOUFPCTFSWBUPSJPEFMBMV[DPOQBTBEJ[PT QP[PTZDBWJEBEFT FYDBWBEPTFOMBSPDBEFMWPMDยกO-BTBCFSUVSBTQFSNJUFOBMPTWJTJUBOUFT PCTFSWBSMPTGFOยณNFOPTEFMDJFMP FMTPMZMBTFTUSFMMBT6OBDBTBSPNยกOUJDB EFMPTUJFNQPTEFMPTQJPOFSPT DVBOEP'MBHTUBGGFSBVOBQFRVFยฑBDJVEBE EFMFยฑBEPSFT BMCFSHBFMSFDPNFOEBCMFSFTUBVSBOUF$PUUBHF1MBDF


.¡TTPCSF#.8

5FHVTUBDPOEVDJS

-BTPTUFOJCJMJEBEZFMSFDJDMBEPFOFM(SVQP#.8 &M(SVQP#.8IBTJEPSFDPOPDJEPQPSRVJOUBWF[DPOTFDVUJWBFOFMѶ%PX+POFT4VTUBJOBCJMJUZ *OEFYѷDPNPMBFNQSFTBEFBVUPN³WJMFTN¡TTPTUFOJCMFEFMNVOEP-BTPTUFOJCJMJEBEFTU¡ NVZQSFTFOUFFOUPEBOVFTUSBDBEFOBEFWBMPSEFTEFFMEFTBSSPMMPEFDPODFQUPTEFWFI­DVMPT BMUFSOBUJWPTZFGJDJFOUFT QBTBOEPQPSQSPDFTPTEFQSPEVDDJ³OSFTQFUVPTPTDPOFMNFEJP BNCJFOUF IBTUBFMSFDJDMBEP/VFTUSBGJMPTPG­BEFEFTBSSPMMPEFOPNJOBEB#.8&GGJDJFOU%ZOBNJDT PGSFDFJNQPSUBOUFTWFOUBKBTQBSBMPTDMJFOUFT FMDMJNBZFMNFEJPBNCJFOUF%FFTUFNPEP TF IBSFEVDJEPFMOJWFMEFFNJTJPOFTEF$0𶅐 EFOVFTUSBOVFWBGMPUBFVSPQFBFODBTJVO𶅐 𶅗 FOUSF 𶅉 𶅗 𶅗 𶅓 Z𶅐 𶅘 𶅘 𶅗 "EFN¡T QFSTFHVJNPTSFEVDJSFOVO𶅑 𶅘 FMDPOTVNPEFSFDVSTPT DPNPBHVBZ FOFSH­B FOMBGBCSJDBDJ³OEFDBEBWFI­DVMP4V#.8GPSNBQBSUFEFVODPODFQUPEFSFDJDMBEP JOUFHSBM5PEPTMPTWFI­DVMPTQVFEFOSFDJDMBSTFPSFVUJMJ[BSTFTJOQSPCMFNBTZEFGPSNBFDPO³NJDB DVBOEPGJOBMJ[BTVWJEBºUJM%JS­KBTFBTV$PODFTJPOBSJP0GJDJBM#.8DVBOEPRVJFSBEFTIBDFSTF EFTV#.8BOUJHVP&ODPOUSBS¡N¡TJOGPSNBDJ³OTPCSFFTUFUFNBFOOVFTUSPTJUJPXFC &TUFDBU¡MPHPSFQSPEVDFNPEFMPT FRVJQBNJFOUPTZQPTJCJMJEBEFTEFDPOGJHVSBDJ³O FRVJQBNJFOUP EFTFSJFZFRVJQBNJFOUPPQDJPOBM EFMPTWFI­DVMPTTVNJOJTUSBEPTQPS#.8"(BMNFSDBEP BMFN¡O&OPUSPT&TUBEPTNJFNCSPTEFMB6OJ³O&VSPQFBQVFEFOEBSTFEJGFSFODJBTSFTQFDUPB MPTFRVJQBNJFOUPTEFTFSJFZPQDJPOBMFTZBMBTQPTJCJMJEBEFTEFDPOGJHVSBDJ³ORVFTFEFTDSJCFO FOFMQSFTFOUFEPDVNFOUP*OG³SNFTFEJSFDUBNFOUFFOTV$PODFTJPOBSJP0GJDJBM#.8TPCSF MBTEJGFSFOUFTWFSTJPOFTRVFTFPGSFDFOFODBEBQB­T4BMWPNPEJGJDBDJPOFTEFGBCSJDBDJ³OZ FRVJQBNJFOUPT i#.8"( .VOJDI"MFNBOJB4³MPTFQFSNJUFMBSFQSPEVDDJ³O JODMVTPEFGPSNBSFTVNJEB  DPOBVUPSJ[BDJ³OFTDSJUBEF#.8"( .VOJDI #.8SFDPNNFOET

7#1SJOUFEJO(FSNBOZ

XXXCNXFT 񂌥 񂌦 񂌘 񂌙 񂌡 񂌣 񂌥 񂌦 񂌘

Nuevo BMW X3 Augusta Aragon  

Nuevo BMW X3 Augusta Aragón, concesionario oficial BMW y MINI en Zaragoza

Read more
Read more
Similar to
Popular now
Just for you