Page 1

+'+ &)'#

'% # ,

(%)* ('%))' %)#% ++  

 

&)''. /.# &)%, '+)   

       

   

!"!#$

 !





          !  "#$%#& ' (     ' # ) *&  &

 " $   #& 

   (  #  # # ( #& '  &  +, -   (.  

!,   "   /$       0-  &

          

        



                                   ! "                                           !

#$       $         

            $               %& '     (                )   *  +,-.! /$  $   %& '    $        

 

(%) #*# '+'  11 2

"#$!%#&''!#

11 2


2

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

NEWS NIGERIANS MOURN OLUSEGUN AGAGU Agagu’s death, an unavoidable pain — Jimoh Ibrahim Jonathan: Agagu would

Patrick Okohue

O

ne of the earliest callers on a condolence visit to the family of the late former governor of Ondo State, Dr. Olusegun Kokumo Agagu, who died on Friday at the Saint Nicholas Hospital in Lagos, was his long-time friend 4567 895:645;<7 ;=>7 ?9@B7 454CE5C7E?>8;9?7G I7 9J7 ;=>7 5>?CM7 ?9@B<7 ?P7 Jimoh Ibrahim, OFR, who said Agaguâ&#x20AC;&#x2122;s death was â&#x20AC;&#x153;an unavoidable pain.â&#x20AC;? He described Agagu as â&#x20AC;&#x153;a development leader, and

a most intelligent, political steward, whom we will all greatly miss.â&#x20AC;? Continuing, Jimoh said, â&#x20AC;&#x153;The N38 billion Agagu left in the Ondo State treasury as governor, without owing any debt, will remain a great lesson to students of politics, and practitioners of state management.â&#x20AC;? According to him, since death is inevitable, the best thing for everyone is to always live a good life, adding that, â&#x20AC;&#x153;death is imminent and unavoidable, so one way or the other, people will depart. I donâ&#x20AC;&#x2122;t feel too

terrible; I only feel heavy, 4567 :567 7 845Â&#x160;;7 B>?J9?U7 my normal activities. â&#x20AC;&#x153;Agagu was a simple and very intelligent person. He was one of the most intelligent Nigerians I have ever come across, a development leader. So we will miss all those things; he was always very active about issues of environment and development, and very involved. There was never a dull moment with him. He created events, and was always on top of his game,â&#x20AC;? he said.

be missed

?>YE6>5;7 996x@8Â&#x192;7 Ebele Jonathan M>Y;>?64M7 }9E5>67 other leading citizens in mourning the passing 4q4M79J7J9?U>?7 9V>?59?7 of Ondo State, Dr. Olusegun Agagu. In a statement made available by the special Adviser to the President, Dr. Reuben Abati yesterday said: â&#x20AC;&#x153;Jonathan on behalf of himself, the >6>?4x7 9V>?5U>5;7 and the people of the Federal Republic of EC>?E4<7 >X;>56Y7 YE58>?>7 condolences to Dr. Agaguâ&#x20AC;&#x2122;s family, the government and people resident of the and Steel under former politicians who played of Ondo State, as well Olusegun matured politics without Senate, Senator President as Dr. Agaguâ&#x20AC;&#x2122;s friends, David Mark has {4Y45}9Â&#x160;Y746UE5EY;?4;E957 {EÂ&#x152;>?5>YYP trustworthy â&#x20AC;&#x153;As a minister, Agagu political associates and lamented the death was a colleagues in Ondo State 9J7 J9?U>?7 9V>?59?7 9J7 politician and a forthright distinguished himself as and other parts of the Ondo state, Dr. Olusegun leader who stood to be 47C94xÂ?7C>Â&#x152;>?P7Y7;=>7;=>57 89@5;>67q=>57E;7U4Â&#x152;>?>6P >X>8@;EV>7 C9V>?59?7 9J7 Agagu whom he country. He noted that late Ondo state, he recorded described as a dependable Â&#x2039;=>7 ?>YE6>5;7 }9E5Y7 Agagu neither pretended impressive outing as a ally. them in mourning the governor. Senator Mark who nor shied away from performing distinguished academic reacted to the demise of Y4ME5C7;=>7;?@;=7597U4Â&#x152;>?7 As a political leader, he q=9Y>7 >X>UBx4?M7 the former Ondo state the circumstances, adding gave his people a sense of decorum, poise, urbanity, governor through a press that he was one of the few belonging,â&#x20AC;? he posited. :5>YY>74567x9M4x;M7E57;=>7 Condelence register at the PDP secretariat in Akure statement issued by his conduct of politics will Special Adviser on Media, be greatly missed by all, Kola Ologbondiyan in especially his colleagues {@}47 M>Y;>?64M<7 Y4E67 after he returned from 6@;EJ@x7 9V>?59?7 q=97 q4Y7 and development of the and associates in the Peter Dada, Akure the former minister of overseas trip. Y8E>5;E:87E57=EY74BB?948=7;97 Olokola Free Trade Zone Peoples Democratic Aviation as well as Power In his reaction, the state ;=>7>X>8@;E9579J7B?9}>8;Y7E57 among others. eactions continue to Party,â&#x20AC;? Abati said. â&#x20AC;&#x153;His administration trail the death of the Chairman of the PDP, Mr the state.â&#x20AC;? The statement noted Enumerating some was transparent in the that:â&#x20AC;?As they mourn J9?U>?7 9V>?59?7 Ebenezer Alabi, described of Ondo State, Dr the death of the former of the achievements of U454C>U>5;79J7;=>7:5458>Y7 however, President Olusegun Agagu, as family, governor as an irreparable C4C@7 q=Ex>7 E57 9~8>7 of the state as he duly Jonathan believes that friends, political associates loss to the state and Nigeria as the number one man informed the citizenry of and members of the state in general, adding that the in the state, Alabi stated how much money accrued they can take solace in Peoples Democratic Party vacuum the deceased left in the establishment of the to the state every month the knowledge that Dr. GI7=4V>7>XB?>YY>67;=>E?7 ;=>77q9@x6759;7{>7:xx>67 Ondo State University of unlike what currently Agagu has left behind Bolu Olu Esho, Abeokuta easily. Science and Technology, obtains. To his credit, he a legacy of notable feelings on his demise. in his overnor Ibikunle He said: â&#x20AC;&#x153;As governor building of 611 classroom left over N58billion in the achievements The former governor Amosun has died at the age of 65 in of Ondo state, his blocks, construction state treasury when he left illustrious public service described the death Ikoyi, Lagos State during administration remains of over a thousand 9~8><7 47 J>4;7 ;=4;7 597 9;=>?7 career at the state and 9J7 J9?U>?7 9V>?59?7 9J7 a meeting with some second to none in kilometers of roads across governor in the history of federal levels which will Ondo State, Dr. Olusegun indigenes of Ondo on contemporary history the state, creation of the the state has achieved,â&#x20AC;? the stand to his eternal credit C4C@74Y7?>C?>Â&#x152;4{x>P construction PDP chairman recounted. Friday, less than 24 hours of this State. He was a concept, and honour.â&#x20AC;?

P

A dependable ally â&#x20AC;&#x201D; Mark

P

An irreparable loss to the nation â&#x20AC;&#x201D; Ondo PDP

Death regrettable â&#x20AC;&#x201D;Amosun

R

A statement signed by ;=>7 9V>?59?Â&#x160;Y7 >5E9?7 Special Assistant on Media, Mrs. Funmi Wakama read in part:â&#x20AC;? The death of former Aviation Minister was depressing as he died at the age of 65 when the nation was supposed to be tapping from his q>4x;=7 9J7 >XB>?E>58>7 4Y7 an intellectual, skilled B9xE;E8E457 4567 89UUEÂ&#x152;>67 public servant. â&#x20AC;&#x153;There is no doubt that ;=>7>XB>?E>58>Y7?P7C4C@7 acquired all through his dedicated service to the nation in diverse spheres of life is what is needed at this crucial time when we 4?>7 8=4Â&#x152;E5C7 ;=>7 ?9467 U4B7 for an enduring democratic rule as well as a durable foundation for socioeconomic emancipation of our people. Â&#x2039;9?U>?7 9V>?59?7 Agaguâ&#x20AC;&#x2122;s services to humanity whenever he was called to serve are >X>UBx4?M7 4567 ;=EY7 EY7 597 69@{;7 ;=>7 >X4UBx>7 which every Nigerian, particularly public servants should follow.â&#x20AC;?

He was a seasoned politicianâ&#x20AC;&#x201D;Amb. Bejide Dele Alao

A

l e a d i n g governorship aspirant on the platform of the

Peoples Democratic Party GI<7 E57 Â&#x192;E;E7 ;4;><7 E57 the 2014 governorship election, Ambassador 4?>7 >}E6><7 =4Y7 described the late former governor of Ondo State, Dr. Olusegun Agagu, as a seasoned politician. Agagu, also a former Minister of Aviation

His death leaves me hollow, empty â&#x20AC;&#x201D; Oni

9?U>?7 9V>?59?7 9J7 Ekiti State, Chief Segun Oni has said the death of former governor of Ondo State, Dr Olusegun Agagu left him hollow and empty. Reacting to Dr Agaguâ&#x20AC;&#x2122;s death through his Chief Press Secretary, Mr. Lere Olayinka, the former governor said; â&#x20AC;&#x153;This death has robbed us of 95>7 9J7 ;=>7 :5>Y;7 C>5;x>U>5<7 intellectuals and patriots in Nigerian politics. This death has left me personally

F

hollow and empty. I am indeed short of words. Right now, all that we can do is to pray for the family. â&#x20AC;&#x153;It is my prayer that the good Lord will grant the deceased eternal rest and also grant his family, we his associate, members and supporters of the Peoples >U98?4;E87 4?;M7 GI7 E57 Ondo State and the entire people of the state fortitude to bear this irreparable loss. â&#x20AC;&#x153;May his soul rest in peace.â&#x20AC;?

passed on last Friday. Speaking with our correspondent yesterday, the former envoy to Canada said that the death of the former governor has created a big vacuum in the ruling

PDP, especially in the South West. â&#x20AC;&#x153;Dr. Agagu was a seasoned politician and a :5>7C>5;x>U45P7 EY76>4;=7 has created a big vacuum for the party in the South West especially. May his

gentle soul rest in perfect B>48><Â&#x2021;7>}E6>7Y4E6P He added that the Ondo State-born politician was truly a political leader who brought his wealth 9J7 >XB>?E>58>7 ;97 {>4?7 957 the party.

Agoro, others eulogise ex-gov Olusakin Babalola

P

oliticians and other Nigerians y e s t e r d a y eulogised the J9?U>?7 9V>?59?79J75697 State who died on Friday at the age of 65. Those who spoke with Sunday Newswatch included Dr. Olapade Agoro, presidential candidate of National Action Council in 2007,Prof Sabit Olagoke, Dean School of Engineering, Federal

Polytechnic, Ilaro in Ogun State and Engineer Abiola Olaniyan, a chieftain of Accord Party in Oyo state among others. They were unanimous in their reaction that Agagu served his country well 4567B?4M>67;97 967;97CEV>7 his family the fortitude to bear the loss caused by his death. Olapade Agoro said that he was grieved when he heard the rumour of the death on Friday until it q4Y7 895:?U>67 M>Y;>?64M7 through the media.

â&#x20AC;&#x153;We all fought for the growth of democracy in this country. It is a pity he was called so early,â&#x20AC;? Agoro said. Olagoke said he used the message as an opportunity to remind Nigerians to xEV>7 >X>UBx4?M7 xEV>Y7 4567 be remembered for their positive contributions to their country after their departure. Olaniyan said: â&#x20AC;&#x153;it is not how long, but how well. 4M7 967C?45;7=EY7J4UExM7 the fortitude to bear the loss.â&#x20AC;?


3

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

NEWS

NIGERIANS MOURN OLUSEGUN AGAGU

We’ve lost a friend, adviser — Son Patrick Okohue

W

hen on Thursday the Agagu family returned to Nigeria after a two and half week annual family holiday in the

United States of America, there was nothing that suggested to them that they will soon miss their bread winner. =>7 =9xE64M7 4”9?6>67 the family an opportunity for a comprehensive

...Calm in Ibadan residence Olaide Oyelude, Ibadan

A

ll was calm on Saturday at the Ibadan residence of the former Ondo State Governor, Dr. Olusegun Agagu, who

Akeredolu mourns

F

ormer President of the Nigeria Bar Association (NBA) and defunct Action Congress of Nigeria (ACN) Governorship candidate in the last Ondo state gubernatorial election,Oluwarotimi Akeredolu,SAN has commiserated the people of Ondo state over the death of former Governor,Olusegun Agagu . In a statement in Ibadan, the Oyo state capital, he said: “I just received the heart-corroding news of the demise of Dr Olusegun Kokumo Agagu, immediate past Governor of our dear Ondo State. I must hasten to state that I am devastated by this news and I am sure that many of my compatriots in the state also feel this irreparable sense of loss. “Dr. Agagu’s tenure as Governor in Ondo State qE;5>YY>67Y>V>?4x7YEC5E:845;7 strides. Many of us are living witnesses to the great achievements recorded under this sound academic and politician. Many of our rural areas were opened up in a manner hitherto unimaginable. The riverine 89UU@5E;E>Y7 >”>8;EV>xM7 C9;7 reintegrated into the state. “The visionary leader, whose administration arguably ranks next to the @5J9?C>Œ4{x>7 C9x6>57 >?47 9J7 the state under the sage, Pa Michael Adekunle Ajasin, was also reputed for politics qE;=9@;7 {EŒ>?5>YYP7 >7 q4Y7 urbane, resourceful, genial and frank. There are indelible imprints of his tenure in virtually every nook and cranny of the state. Most of the buildings standing in public schools in the state bear eloquent testimony to =EY7 VEYE95P7 ;7 EY7 ?>C?>Œ4{x>7 that he passed on at this time when his invaluable input is badly needed in the state. “Death is a necessary end. It will come at the appointed time. Certain passages are, however, remarkable. It is true that the death of any person diminishes mankind.”

passed on in Lagos on Friday at 65. Investigations revealed that the remaining members of the former Governor’s household in Ibadan moved to Lagos after the news of his death was broken to them late Friday night. Only three security men, including a regular policeman, were met at the Ibadan house located at Number 1,Gbadamosi Olawuyi Street, New Bodija. One of the security men who gave his name as Christopher directed all enquiries to Lagos, revealing that condolence register would later be brought from Lagos. The former Governor’s death was however a topic of discussion at the nearby neighborhood market located very close to the former Oyo State Deputy Governor, Hazeem Gbolarunmi’s residence.

medical check up and there was no reason to worry about the state of health of the bread winner. It was therefore a shock when Dr. Olusegun Agagu suddenly collapsed and died {>J9?>7C>ŒE5C7;97E8=9x4Y7 hospital when he was rushed for treatment. This according to his son, Feyi Agagu remains a shock, because “we }@Y;7 :5EY=>67 47 U>6E84x7 examination, he had

small cholesterol, a bit hypertensive and there is diabetes in our family, but nothing major, they are things he has been managing for the past ;>5<7:J;>>57M>4?YP‡ The death of Agagu, former Minister of Power, to Feyi will linger in the heart of all members of the family. He said: “It is sad for my siblings and I that we lost our dad. My mum is obviously sad that she lost her best friend, her husband.”

“He lived a simple live, V>?M7B@?B9Y>J@x<7J@x:xx>67 4567 q4Y7 B?>ŒM7 U@8=7 happy most of the time. We are proud of him. He left amazing memories and some fantastic legacies behind for us, I will miss the friendship, I will miss the advice, B?>ŒM7 U@8=7 q=4;7 >V>?M7 other son will miss about his dad. He was a mentor to many, a brother, a benefactor and I am sure alot of people will miss him.

Agagu’s residence at No 1,Gbadamosi Olawuyi Street, New Bodija, Ibadan on Saturday morning.

Kwara gov commiserates with Ondo people

K

wara State Governor, Dr. Abdulfatah Ahmed, has commiserated with government and people of Ondo State over the death of former governor of the state, Olusegun Agagu, describing the death as shocking. Ahmed, in a statement signed by his Chief Press Secretary, Alhaji Abdulwahab Oba, said with the demise of Agagu, the nation has been deprived of his wise counsel and wealth of political experience, especially now that Nigeria is in dire need of political tolerance

and moral rejuvenation, in order to overcome her developmental challenges. Ahmed said the late Agagu was an honest and highly reliable politician

who wanted the best for his people and the country. “His contribution to education remains a reference point,” the governor averred.

...Olusola Oke too

T

hePDPgovernorship candidate at the last October governorship election in Ondo State, Chief Olusola Oke, said that Agagu had been at the centre of whatever happened in Nigeria politics in the past one and half decades. Chief Oke said: “For us in Ondo state, we have just

lost a colossus , an epitome of humility, and parallel display of intelligence, tolerance, accommodation and the pillar of hope for the less privileged. Whatever happened in Nigeria for the past one and half decades, Agagu had been at the centre. Be it in terms of development, exploration, in terms of future ambition of economy, our politics and

He was a giant—Boluwaji

T

he Senator representing Ondo South Senatorial District, Barrister Boluwaji Kunlere described Agagu as a giant by all 6>:5E;E95YP77‹Y747@5EV>?YE;M7 don, Deputy Governor, Minister of the Federal Republic of Nigeria, a governor, he was a patriot and a good family man”. The Senator who spoke with Sunday Newswatch stated that the roles of the former governor in the recognition of Ondo State as an oil producing state and the creation of the present Ondo State will remain in the evergreen memory of the people of the state.

He prayed God to grant Ondo State Government, the Agagu family and Nigeria at large the fortitude to bear the loss of the former governor.

He stated further that aside politics, Agagu was an asset to the people of Ondo South, Ondo State and Nigeria as a whole. He said the news of the death was so shocking that he could not sleep till day break. He therefore prayed for the repose of his soul. Also, a former Commissioner on the Board of the Niger Delta Development Commission (NDDC), Dr Benson Enikuomehin, said the news of Agagu’s death was very sad and shocking. Enikuomehin who was an aide of the former governor during his tenure, said the

late Agagu was an intelligent man whose views were important on any issue and respected by all and sundry.

our nation at large. Agagu had been at the centre. God knows best why this happened. This is a time when Agagu and the likes are most needed, either for our party or our nation. God giveth and taketh , there is nothing we could do but we wish it didn’t happen at this time. The vacuum his demise has created will be 6E~8@x;7EJ759;7EUB9YYE{x>7;97 :xxP‡ To Mayowa Akinfolarin who was the Deputy Speaker of the Ondo State House of Assembly during Agagu’s regime, Agagu would be remembered by the people of Ondo State for a very long time.

Fasehun regrets death

F

ounder of Oodua Peoples Congress (OPC), Dr. Frederick Fasehun said yesterday that the death of Dr. Agagu EY7 ?>C?>Œ4{x>7 4;7 47 ;EU>7 Nigeria needs intellectuals of his status. He remarked that his death has created a vacuum in the political life of the nation. He said: “His death has left a vacuum in the political life of Nigeria. Dr. Agagu should not have died at this time because he was not a hardliner in politics. We need people like him to bring peace into the politics of Nigeria. “I send my condolences to the family, Yoruba people, the PDP and the entire nation. May his soul rest in peace.” To former Marshal of the Federal Road Safety Corps (FRSC), Dr. Olu Agunloye, he is still in shock to make any meaningful comment. The sudden death of Agagu, he said is yet to register fully in his consciousness saying: “What he meant to others is not what he meant to me. Here is somebody who has been my friend for 44 years. I will comment on him later.”

Balogun: He was an intellectual

P

eoples Democratic Party (PDP) chieftain, Senator Lekan Balogun in his reaction said : “ He was a gentleman intellectual! I am shocked by the suddenness of his death. May his soul rest in peace.” Former Minister of Sports and Special Duties, Taooheed Adedoja’s remarked that: ‹=>7 x4Y;7 ;EU>7 =>7 4Œ>56>67 the meeting of the Peoples Democratic Party (PDP) in Abuja, was February at NICON NOGA hotel. He received a standing ovation for his submission when he said he wanted peace in the party in Ondo State and in Nigeria and openly pleaded for forgiveness if he had 9”>56>67 45M{96MP7 >7 5>V>?7 missed any peace meeting of the party. His death is a loss to the country as a whole”. In former Deputy Governor of Oyo State, Azeem Gbolarumi’s reaction, he said: “The death of the former governor Agagu came in as a shock. He was a good person. He was loved by his people. He was an astute politician and a grass root politician. He will be missed not only by Ondo people but also by Nigerians. May his gentle soul rest in perfect peace.”

Ladoja: Passage, a colossal loss Olaide Oyelude, Ibadan

F

ormer Oyo State Governor, Senator Rasidi Ladoja, has described the death of former Ondo State Governor, Olusegun Kokumo Agagu, as a rude shock, saying the development was “devastating.” Ladoja, who said the late Agagu was his friend, described his passage at this

time as a colossal loss to both the country and Ondo State, pointing out that the vacuum created by his exit, would be a C?>4;7;4Yƒ7;97:xxP Extolling Agagu’s virtues, Ladoja said: “Agagu’s ability to overcome every obstacle in his path in administering the state was his personal strength and style of politics. You could disagree with

him, but it is important to understand the kind of politician he was. He always strove to be fair to all, no U4Œ>?7q=9Y>79X7q4Y7C9?>6P7 What was unusual was that he sought to be rooted in people’s daily lives, but he also believed that ideology U4Œ>?>6P7 >58><7 =EY7 6>>B7 thought in core beliefs and values of democratic tents.

More stories and pictures on page 4




         



          



)!$› %$*$›*%›œ)(››)›&+*žŸ› › ()$*› #› #%Ÿ› › *› ›)›*%›(#$›)›%$›#"ž  › %,($%()Ÿ› -%› (› $))*$› %$› &!$›*››()$*›(%#›-*$› *(›($!)Ÿ›(›#%$›*%)›))$*$› $)*›*›#$)*(#›%›*›&(*žŸ›$› ›")*›-!Ÿ›,$›*›*%+›%$*%$› %(›*#›*%›)*›*(›)-%()  › %,($%()› $"+› +"› #%› ¡ -¢Ÿ› +(*"› ž!%› ¡#-¢Ÿ› +£+› $› "ž+› ¡(¢Ÿ› $› %*#› #› ¡,()¢ › *()› (› "ž+› #!!%› ¡%!%*%¢Ÿ› +› +)› -$!-)%› ¡ $%¢› $› +"*› #›¡ -(¢  %(%,(Ÿ› *› %,($%()› ,› $%*› %$"ž››*%›&!››,›&()$*"› $*› #%$› *#)",)Ÿ› +*› ,› "(ž› *&&› +"› #%Ÿ› › )%$¤ *(#› %,($%(Ÿ› *%› (&"› #%Ÿ› ›

%$*$›()›*%›*(›('+)*  › *%&› › -Ÿ› -%› %$›› $›   ›) ›¥*›*›%›*› ›-""›››ž›&(*ž›)*"-(*)› *› *› +$ž› #*$› )› *%)› -%›



#Œ›(›$›*›&(*ž›(›)*›*%›#*›$› ()%",› *› #(%"%› › **› )› "#%)*› *%($›*›&(*ž›&(* ¦ $,)**%$)› ž›   › $*› **› *› %,($%()› #› +&› -*› *)› %$*%$› *› *(› ($*› #*$)›*%›%+)›*›"$($›())›$›

*› (+"$› &(*žŸ› #%$› ),("› %*()Ÿ› -›(›)$›)›*(¤%”›) › ›%$*%$Ÿ›-›%+"››(›)› › )§›$› %› (%+$Ÿ› -""› )› %$*$› %$*)*$› *› ¨©ª«› "*%$)› %$› *› &"*%(#› %› *› Ÿ› )› $)*› *› ("(› )*$› %› *› (%+&Ÿ› +*› **› -%+"› +*%#*""ž› $ž› #%› › %$*›*!*›-*›*›()$* › › #$› %› *› %,($%()› -%+"› ")%› %$›(#› *› &%)*%$› $› &%"*"› (")›**›*›())›$›*›(+"$›&(*ž› )› "("ž› +)› %› *› ¨©ª«› $("› "*%$) › %-,(Ÿ› -"› *› ()$*›

%$*$› (%+&› )› ž*› *%› &&(%&(*"ž› ()&%$› *%› *› $-› #$Ÿ› )%+()› )›*%ž)›#*$›-%+"››$"(› *%›$"+›*›*%$"›(#$›%›*› Ÿ› #$› +!+(Ÿ› -%)› (#%,"› › $› #$› ž› *› $-› › %(#› $› %$ +$*%$› -*› *!+Ÿ› -+›( Ÿ›)›(#$Ÿ›"+$)%ž› ž$"%"› )› (*(žŸ› "%$)› *› ),$›%,($%() ›   › "($*› **› ›

#*$› -*› *› (,› %,($%()› $› %$*$Ÿ› "› %$› +)ž› *› *› ()$*"› ""Ÿ› (&%(*"ž› &(%+› (+*+"›()+"*)Ÿ›-*›*›&(*ž›)*(+*+()› $› #-› $› $%› )**)› )› *%› ,› $› %$› *%› *› ()&*,› )**› %,($%()Ÿ› )› &(*› %› *› &› &(%)) › › ))+› %› %,($%(› %*#› #› %› ,()› **› -)Ÿ› %-,(Ÿ› )›*%›,›$›)",›+)›%›*› "**%$›)+((%+$$›* › › ),$› %,($%()› › )*› › -"!%+*› $› &(%*)*› *› *› ($*› › &"› *%$"› %$,$*%$› *› *› "› '+(Ÿ› + Ÿ› $› -*› *!+Ÿ› ( › $› ž$"%"Ÿ› › %(#› › &("""› .+*,Ÿ› ""$› *(› *%$› *›œ-› › ")%Ÿ› *› ( ¤"› › › )› $%› &()$*"› "*%$› %+"› › -%$› $› (› -*%+*› )**)› "!› ,()Ÿ› $%Ÿ›%!%*%Ÿ›#-Ÿ› -(Ÿ›(› $›,()Ÿ›.&"$$›**›*)›)**)› (› $› *› )&"$*(› &(*ž)› ›(#› %$*(%"Ÿ› *%› ($%(› *(› %"› %$› *› › $› +*+(›"*%$) 

             



          



ž%› **› %,($%(Ÿ› $*%(› %"›  #%Ÿ› )› .&())› )%!› *› *› #)› %› %(#(› %,($%(› %› $%› **Ÿ› ( › "+)+$› + ››)›$››)**#$*›ž)*(ž› **› $Ÿ›*›%+*›)*›$›$› (› ,› "%)*› %$› %› *(› #%)*› (("›$*""*+")›$›&%"*) › › &"› ,)(› %$› Ÿ› # "!! " % %  ! ! ( › )*+)› ž%Ÿ› -%› ))+› *›     ! ! )**#$*›%$›"›%› #%›)›*› %,($%(›(,›*›$-)›%›+)› *› -*› )%! › %($› *%› #Ÿ› *› *› %› *› "*› %(#(› %,($%(Ÿ› -%››()›$› $›%(›)› $› -)› %$› %› *› #)› *› *› $,()*ž› %› $› -(› › *+*› %"%ž› #› *› )**› *!› )› *› $*""*+"› &*"› %› (› $› **› )› *› -)› › "%))› *%› *› &%&"› %›ž%›**   #%›)››(,›*›*›%› ( ›+›-*›(+›)%!›+)›› &%))))› *› $*""*+"› -(-*"› *%› (*› *› &*› %› ()%"+*%$› $› # %!! !"%!  ()›+(($*›)%%¤&%"*"›"% #    $! &   %      ! " !  › %,($%(› )› *› )+$› *› %› *› %(#(› %,($%(› )%+"› › › "))%$›*%›""›*%)›-%#Ÿ››)Ÿ›-(› +"$› &()"› #*("› )*")› $› *)› -%("› -*%+*› %(()&%$$"ž› +"$› ")*$› ")› **› -""›      &*(%*› $› **› › -)› › (*› $› $› *› %+*¤-)*› &*(› %› *› › )+(,,› *(› )% %+($› %$› (*› $› *› +($›%+(›("*,"ž›)%(*Ÿ›+*›,$*+"› › *%$"› (*(ž› %› *Ÿ› %$)+##*›&%"*$ › (*)›%›*›&%&"  ››)**#$*›(›$›&(*®›œ›-)› &%"*"› ("*%$)&Ÿ› *› )**#$*› -› %&")› #%(*› (*žŸ› ›ž%›**›%,($%(›(""›**› "+$)%ž› ž$"%"› )› "-ž)› %##Œ›› *%› )› %)$› %")› (  ( › +› "§›› #&()"› ")› $›$›*%››+"*›$›-)››"+$*›$› › *› › **› )› › #$)*(› $› *› $› $%› **› -(› › -)› %,($%(› )(›*›$-)›%›*›*›%›› %$))*$*› &()%$"*ž› -%› -)› "-ž)› $*› %› %(#(› ()$*› "+)+$› *-$›¨©©¬›$›¨©©­Ÿ›)**$›**›› "+)+$›+›)›)%!$  -)› &(*+"("ž› %+*)*$$› %(› *› › › › )**#$*› ))+› ž› *› ( › &(&(› *%› )%+"(› ()&%$)"*)Ÿ› )$ %Ÿ›+› -""› › (*› -*› $%#&("› (%› $()*(+*+(› › *%$› %› *› › ž)*(ž› $› + › &(*+"("ž›%$($$›*%)›("*›*%› %$*(+*$› &$%#$""ž› *%› *› +"*›$›*›)**  )**›**›*›$-)›%›+)›)+$› ,"%&#$*› $› &(%())› %› %+(› (› (,*")*%$›%›*›&%-(›)*%(›+($› )›*$+(›)› $)*(›%›%-(›$›*"Ÿ› ¥( ›+› $› $,(›  › $› *› .*›)%+$›$("›%$)($›*› %+$*(ž  › › %(#(› %,($%(› )› › $› )*())$›**›)››&+*ž¤%,($%(›$› &%&"› *(› *%)› (%)› %$)*(+*› *›**››+›-)››%##Œ›Ÿ› ž› )› #$)*(*%$› $› $%› **Ÿ› (""› $› %$)*› &%"*$› $› )› %*(› %""+)› $› *› œ-¤› "*(›%,($%(›%›$%›**›*›”›($*› -$› *ž› &))› ž› *%)› #&()"› ("› ")*› -%› $,(› "§›› $ž%$› %+$››+›*%›››-%(*ž›$› &(%)Ÿ› *› )› "§›› $""› ")› › "§›Ÿ› *› %(#%)*› %"%ž› $› %+*› )› *%› -› )› › "%$› "%ž"›%#&*(%*Ÿ›-%)›)(,)›-%+"› #(!)› )› $› )*+*› #$)*(*%(Ÿ› $› › (%(› %$› *› &%)*,› &)› %› *(› -""› ",› $› *(› (*)› $› %$›$ž›&%"*"›,  ")%› #%$)*(*› $› +$&("""› *ž›-""›%$(%$*›)›(*›"%,›%(›*› › )**#$*› )› )› *› -)› › )*%(ž  › ¥›+› -)› $› "(› (%*(Ÿ› %##*#$*› *%› *› .+*%$› %› *› &%&"›%›*›)**›()Ÿ›,$›)› #%$+#$*"› &(,*%$› %› (› $›%›*›%,($#$*)›$›-›› *%›%#Ÿ¦›*›%,($%(›)  %› *› $,"+"› )(,)› %› › (*› -%)› -)› %+$)"› &(%,› ,(ž› -)›"›*%›)(,›#(*%(%+)"ž  +)+"› *› *› )%$¤#!$› ","›

    




SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

5


6

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

NATIONAL

NEWS

We spent N1.3b on security â&#x20AC;&#x201D;Jonathan represented by the Minister of 6@84;E95<7 4??EY;>?7 M>Y9U7 resident Goodluck EÂ&#x192;><7 Y4E67 ;=4;7 ;=9@C=7 Y>8@?E;M7 Jonathan yesterday challenges had increased in the revealed that the Federal 89@5;?M<7;=>7>6>?4x7 9V>?5U>5;7 Government has spent was doing its utmost to tackle over N1.337 billion in tackling these challenges. He added that insecurity in Nigeria within just ;97 ;48Â&#x192;x>7 E5Y>8@?E;M7 E57 EC>?E4<7 ;=>7>6>?4x7 9V>?5U>5;7E57¯¹²²7 three years. Jonathan made this statement B?9VE6>67 ¯³°7 UExxE95<7 ³¹¹7 while addressing guests at UExxE957E57¯¹²¯<74567´¹¹UExxE957 the passing out parade and this year. 889?6E5C7;97=EU<7E;7q4Y74xY97 commissioning of 385 members 9J7 ;=>7 846>;7 9~8>?Y7 {4YE87 ¯°7 due to the Federal Governmentâ&#x20AC;&#x2122;s to tackle G7¯°I<74;7;=>7;4;>7>?VE8>Y7 determination insecurity and terrorism in 846>UM<74C9YP =>7 ?>YE6>5;<7 q=97 q4Y7 particular that the government Juliana Francis

P

Sambo gives State of Electricity Address Sept. 24 Biodun Akomolafe

A

s Nigeria transits from a government controlled electricity power sector to a B?EV4;>7 Y>8;9?7 6?EV>5<7 E8>7 ?>YE6>5;7?8P74U46E74U{97 G I7 qExx7 6>xEV>?7 ;=>7 ;4;>7 of Electricity Power Address 4;7 ;=>7 9?x6;4C>7 4;E954x7 Electricity Power Conference GI7 ¯¹²³7 E57 4C9Y7 957 >B;>U{>?7ÂŻÂťP The conference with the theme: â&#x20AC;&#x2DC;Moving Nigeriaâ&#x20AC;&#x2122;s x>8;?E8E;M7 9q>?7 >8;9?7 9?q4?6<Â&#x160;7 4889?6E5C7 ;97 ;=>7 9?C45EY>?Y<7 EY7 89UE5C7 4;7 ;=>7 time when government is =456E5C7 9V>?7 ;=>7 B?EV4;Ež>67 PHCN assets to the successful bidders in a successful exercise that fetched government over Ă&#x20AC;ÂŻ7{ExxE95P Also billed to address the conference are: Professor =E5>6@7P7>{9<7 959@?4{x>7 Minister of Power who qExx7 YB>4Â&#x192;7 957 š>xEV>?E5C7 Government Promises 57 9q>?Ă Â&#x160;7 ;=>7 =4E?U45<7 Nigerian Electricity Regulatory 9UUEYYE957GI<7?P74U7 U46E<7 qExx7 YB>4Â&#x192;7 957 š9q>?7 >8;9?7 E{>?4xEY4;E957 567 Regulatory Challengesâ&#x20AC;&#x2122; and 5C?P7 ;EY7 5M4>}E<7 =4E?U457 Institute of Appraisers &Cost 5CE5>>?Y7 4567 =4E?U45<7 x>8;?E879q>?79@564;E95<7qExx7 deliver a paper on â&#x20AC;&#x2DC;Achieving ?>YE6>5;E4x78;E9579UUEÂ&#x152;>>7 On Power Mandate:

Contractors Input.â&#x20AC;&#x2122; There will also be roundtable discussions on Electricity Generation and 4Y7@BBxM79Y;7?EV4;Ež4;E95Ă 7 ?45YUEYYE9574567EY;?E{@;E957 =4xx>5C>YĂ 7 Â&#x201D;>8;EV>7 >C@x4;E957 9J7 9q>?7 >8;9?Ă 7 and Alternative Energy 9@?8>Y¸5>?CM795Y>?V4;E95P 7 ?7 >C@57 6>x>M><7 ?>YE6>5;¸<7 9?x6;4C><7 said the conference is coming at a unique time when private investors are taking over the B?EV4;Ež>67 74YY>;YP

>548;>67;=>75;EÂ?;>??9?EYU74qP His words: â&#x20AC;&#x153;In order to tackle ;>??9?EYU<7 >6>?4x7 9V>?5U>5;7 >548;>67 ;=>75;EÂ?;>??9?EYU7 4q7 and came up with equipment to :C=;7;>??9?EYUPÂ&#x2021; EÂ&#x192;>7 ;9x67 ;=>7 846>;7 9~8>?Y7 that they were expected to be dexterous in handling modern technological equipments and have good people relation or >xY><7 ;=>7 U95>M7 C9V>?5U>5;7 had invested on the equipment and them would go to waste. â&#x20AC;&#x153;All the equipment bought to tackle terrorism will go to waste if you donâ&#x20AC;&#x2122;t know how to handle the equipment. And people should be able to trust you with information. An informant should not be punished. Also remember that a man is not guilty until he is proven to be guilty. Carry out your duty with all fairness and uphold the rule of law. The era of using brutality to elicit confessions should stop! Innocent people have died ;=?9@C=7 ;=4;7 q4M<Â&#x2021;7 Y4E67 ;=>7 President. He also explained that it was due to challenges of insecurity that prompted government to be interested in proactive measures of combating insecurity. Wike reminded people that insecurity challenges abound in 9;=>?7 89@5;?E>Y<7 466E5C7 ;=4;7 E57 89UB4?EY957qE;=79;=>?789@5;?E>Y<7 Nigeria society is very safe.

>45q=Ex><7 ;=>7 E?>8;9?7 >5>?4x7 9J7 ;=>7 ;4;>7 >8@?E;M7 >?VE8>7 GI<7 ;47 Â&#x192;B>M95C<7 957 ;=>7 Y4U>7 9884YE95<7 8x4EU>67 ;=4;7;=>7<7?UM74567Y>8@?E;M7 9@;:;Y7 =4V>7 Y@88>>6>67 E57 decimating the Boko Haram sect. 889?6E5C7 ;97 =EU<7 Â&#x2039;>7 are aware of the dynamics of global insecurity and how it has manifested in the forms of terrorism and insurgency in our country. And to cope with these >V>?7 8=45CE5C7 ;=?>4;Y<7 ;=>7 7 has placed the highest premium on human capacity development and requisite technology 48Âľ@EYE;E95P77889?6E5CxM<7q>74?>7 highly indebted to the President who has done more than any other government to assist ;=>7 >?VE8>7 ;97 48Âľ@E?>7 U96>?57 technology / equipment in order to enhance our capacity. We can 597x95C>?7@Y>7454x9C@>7U>;=96Y<7 equipment and personnel to solve digital age problems. Â&#x2039;95Y>Âľ@>5;xM<7 E57 9?6>?7 to keep abreast with the ever 8=45CE5C7 Y>8@?E;M7 8=4xx>5C>Y<7 our operatives must be well >Âľ@EBB>6<7 ;=>E?7 Â&#x192;59qx>6C><7 competences and skills constantly updated and enhanced in order to enable them to be a step ahead of the 46V>?Y4?E>YP7@?E5C7;=>7x4Y;7;=?>>7 M>4?Y<7 q>7 =4V>7 ?>E5V>5;>67 4567 re-engineered our strategies.

P

resident Goodluck Jonathan has charged the armed forces to leave up to expectation in protecting Nigeria against all forms of threat. =>7 ?>YE6>5;<7 q=97 q4Y7 ;=>7 >VE>qE5C7~8>?7J9?7;=>74YYE5C7 9@;74?46>7GI79J7;=>7¡¹7>C@x4?7 9@?Y>7E57 46@547M>Y;>?64M<7Y4E67 4Y7 9~8>?Y<7 ;=>M7 =467 Y;?4;>CE87 roles to play in the ongoing transformation of the country. 66?>YYE5C7 ;=>7 ²´³7 ~8>?7 Cadets who passed out of the EC>?E457 >J>58>7 846>UM7 GI7 4567 89UUEYYE95>67 E5;97 ;=>7 EC>?E457 ?U>67 9?8>Y<7

954;=457 Y4E67 ;=>7 ~8>?7 46>;Y7 were passing out at the time Nigeria was going through

G

@4?45;M7 ?@Y;7 45Â&#x192;7 Bx87 =4Y7 q957 ;=>7 š¯¹²³7 >Y;7 45Â&#x192;E5C7 ?9@B7Âź7EC>?E4Â&#x160;7E57;=>7¯¹²³755@4x79?x67E5458>745Â&#x192;E5C7 Awards in an announcement made on Friday. =EY7EY74Y7;=>7{45Â&#x192;Â&#x160;Y7454CE5C7E?>8;9?¸=E>J7X>8@;EV>7~8>?<7 >C@57C{4}><7q4Y74xY974559@58>67;=>7¯¹²³745Â&#x192;>?79J7;=>7>4?7{M7 the same body. @;xE5E5C7 ;=>7 ?4;E954x>7 J9?7 45Â&#x192;7 qE55E5C7 ;=>7 š¯¹²³7 >Y;7 45Â&#x192;E5C7 ?9@B7 Âź7 EC>?E47 4q4?6Â&#x160;<7 }@6C>Y7 89UU>5;>67 ;=4;7 ;=>7 {45Â&#x192;7Y89?>67=EC=7U4?Â&#x192;Y7E57E559V4;E9574567B?96@8;79Â&#x201D;>?E5C7E57;=>7 :5458E4x7 Y>?VE8>Y7 E56@Y;?M<7 ?>CE954x7 ?>48=7 ;97 89V>?7 =EC=7 C?9q;=7 U4?Â&#x192;>;Y<7 YEC5E:845;7 B?99J7 9J7 895;E5@9@Y7 6>V>x9BU>5;<7 C9967 corporate governance and corporate social responsibility. =>7 4q4?67 q957 {M7 C{4}><7 ;=>7 {96M7 4xY97 Y4E67 EY7 455@4xxM7 conferred on outstanding bankers who have achieved the most qE;=7?>C4?6Y7;97E559V4;E95<7B?9:;4{ExE;M74567Y@Y;4E54{ExE;M79J7;=>E?7 organisation. It also takes into recognition an individual that has {>>57457E5½@>5;E4x74567E5YBE?4;E954x7x>46>?<7=4Y79V>?Y>>57Y;?95C7 :5458E4x7 B>?J9?U458>7 J9?7 =EY7 9?C45Ež4;E957 4567 =4Y7 Y@88>YYJ@xxM7 guided his institution to new heights in its industry. 889?6E5C7;979?x67E5458>Â&#x160;Y789??>YB956>5;<7Â&#x2039;>7?>xM7957?>46>?7 E5YEC=;74567>XB>?E>58>7;97B?9VE6>759UE54;E95Y7;97;=>7}@6CE5C7B45>x<7 and we relish hearing about new experts and burgeoning markets. Our award programmes are tailored to provide a comprehensive 454xMYEY7 9J7 ;=>7 V>?M7 {>Y;7 E57 >48=7 U4?Â&#x192;>;Â&#x2021;P7 9?x67 E5458>7 8E;>67 45Â&#x192;Â&#x160;Y7 8x>4?xM7 6>:5>67 8@Y;9U>?7 8>5;?E87 Y;?4;>CM7 6>6E84;>67 ;97 EUB?9VE5C7 ;=>7 8xE>5;7 >XB>?E>58><7 E559V4;EV>7 :5458E5C7 Y9x@;E95Y7 ;4Ex9?>67;978xE>5;75>>6Y<7E5V>Y;U>5;Y7E575>q7;>8=59x9CM<74567@5EÂľ@>7 industry specialisation as important factors in winning this award. 9UU>5;E5C7957;=>74q4?6Y<7>C@57C{4}><7454CE5C7E?>8;9?¸ 79J7 @4?45;M7?@Y;745Â&#x192;7Bx8<7Y4E67Â&#x2039;q>74?>7B?9@67;97?>8>EV>7;=EY7 award and are delighted that our performance over the years has >4?5>67Cx9{4x7?>89C5E;E95PÂ&#x2021;7 >74Â&#x152;?E{@;>67;=>7{45Â&#x192;Â&#x160;Y748=E>V>U>5;Y7 to the loyalty of its customers and the commitment of its employees q=97 895Y;45;xM7 Y;?EV>7 ;97 CEV>7 ²¹¹7 B>?7 8>5;7 4{9V>7 8@Y;9U>?7 expectations every single time. 889?6E5C7;97;=>7454CE5C7E?>8;9?<7Â&#x2039;>74?>747B?9@6xM7J?E8457 4567 ;?@xM7 E5;>?54;E954x7 E5Y;E;@;E957 4567 q>7 4?>7 89UUEÂ&#x152;>67 ;97 ;=>7 E6>4x7;=4;79@?7Y;4Â&#x192;>=9x6>?Y7Y=9@x67{>7{>Â&#x152;>?79Â&#x201D;7J9?7B4?;5>?E5C7qE;=7 @YP7 =EY7 B?E58EBx>7 E5½@>58>Y7 9@?7 9B>?4;E95Y<7 B?96@8;Y<7 Y;Mx>7 9J7 Y>?VE8>76>xEV>?M7456789?B9?4;>78@x;@?>PÂ&#x2021;7 Guaranty Trust Bank plc has introduced several innovations over ;=>7x4Y;7:V>7U95;=Y7E57E;Y7{E67;97J@?;=>?7895Y9xE64;>7E;Y7B9YE;E9574Y747 service focused bank in Nigeria.

UBA Foundation donates incubators to UNTH, AKTH 7 9@564;E95<7 ;=>7 89?B9?4;>7 Y98E4x7 Bx4;J9?U7 9J7 5E;>67 45Â&#x192;7 J9?7J?E847 GI7 x8<7 =4Y7 ?>4~?U>67 its commitment to the development of Nigeriaâ&#x20AC;&#x2122;s =>4x;=7 Y>8;9?<7 >YB>8E4xxM7 E57 ;=>7 4?>47 9J7 EUB?9VE5C7 4567 contributing to the reduction of infant mortality rate in the country. This was demonstrated recently as the body donated incubators to the University of Nigeria Teaching Hospital G I<7 5@C@7 4567 UE5@7 4597 >48=E5C7 9YBE;4x7 G  I<7 459<7 4Y7 B4?;7 9J7 E;Y7 84UB4EC57 ;97 CEV>7 4Y7 U45M7 premature babies as possible a chance of living through the donation of modern Incubators to teaching hospitals across the country. 454CE5C7E?>8;9?¸79J7;=>79@564;E95<7 }>9U47Y9<7 said that UBA places high priority on the health sector and ;=4;7;=>76954;E957;97;=>7=9YBE;4xY7q4Y7E57J@x:xU>5;79J7;=>7 foundationâ&#x20AC;&#x2122;s key objective of improving the lives and well being of the communities where the bank has presence. =>76954;E9579J7;=>7 58@{4;9?Y<7Y=>7Y4E6<7Â&#x2039;EY745795C9E5C7 project of the foundation with more teaching hospitals 48?9YY7;=>789@5;?M7xE5>67@B7;97{>5>:;7J?9U7;=>7C>Y;@?>PÂ&#x2021; B>4Â&#x192;E5C7 4;7 Y>B4?4;>7 B?>Y>5;4;E957 8>?>U95E>Y7 =>x67 E57 5@C@74567 459<78=E>J7U>6E84x76E?>8;9?Y7GYI79J7{9;=7 institutions respectively described UBA Foundationâ&#x20AC;&#x2122;s donation as a laudable and innovative gesture. šÂ&#x160;9U>7 9J7 9@?7 9x67 58@{4;9?Y7 E57 ;=>7 =9YBE;4x7 q>?>7 B@?8=4Y>67 4Y7 J4?7 {48Â&#x192;7 4Y7 ²º°¯<7 q=E8=7 EY7 ²7 M>4?Y7 4C9<7 even some of our consultants here were not born then. 97M9@78457Y>>7q=M7q>74?>7V>?M7C?4;>J@x7;977J9?7;=EY7 q956>?J@x7 C>Y;@?>Â&#x2021;7 Y4E67 {E5547 596@C9<7 ;=>7 48;E5C7 >6E84x7E?>8;9?79J7 <75@C@P

U

L-R: Consultant Paediatrician in Charge of Special Care Baby Unit, Aminu Kano Teaching Hospital (AKTH), Dr. Zubaide Farouk; Director Administration, Alhaji Mohammed Suleiman; Chief Medical Director, AKTH, Prof. Aminu Zakari Mohammed; MD/CEO, UBA Foundation, Ijeoma Aso, and Directorate Head, Far North Bank, UBA Plc, Abubakar Bello, during the presentation of Incubators to the hospital by UBA Foundation in Kano.

Jonathan charges Army to live up to expectation Baba Negedu, Kaduna

GTB bags WFB award Friday Ekeoba

E5;>?54x7Y>8@?E;M78=4xx>5C>Y<7=>58>7 the need for them to join their senior colleagues in protecting their fatherland. While he commended the U454C>U>5;7 9J7 ;=>7 7 J9?7 ;=>E?7 @5?>x>5;E5C7 >Â&#x201D;9?;Y7 ;9q4?6Y7 producing quality graduates 9~8>?Y7 J9?7 ;=>7 EC>?E457 ?UM<7 the President disclosed that he has closely monitored the B>?J9?U458>79J7;=>7J>U4x>79~8>?Y7 whom he said were doing well like their male counterparts. He congratulated the newly 89UUEYYE95>67 9~8>?Y7 J9?7 ;=>E?7 courage and endurance through ;=>E?7 :V>7 M>4?Y7 ;?4E5E5C<7 466E5C7 ;=4;7;=>7;4YÂ&#x192;74=>467q4Y7>59?U9@Y<7 {@;7 ;=>E?7 ;?4E5E5C7 E57 7 =4Y7 prepared them adequately to face the challenges.

According to President

954;=45<7 Â&#x2039;9@7 U@Y;7 {?48>7 @B7 to join your colleagues in the 95C9E5C7 >Â&#x201D;9?;Y7 ;97 B?9;>8;7 4567 defend our nation from all forms 9J7;=?>4;<7q=>;=>?7Y@8=7;=?>4;74?>7 coming from within or outside the country. â&#x20AC;&#x153;The highly coveted presidential commissioning you just received requires you to uphold the military core value of resilience. 9@7 U@Y;7 4V9E67 45M7 {>=4VE9@?7 that will tarnish your honour and 6EC5E;M74Y789UUEYYE95>679~8>?P â&#x20AC;&#x153;As you embark in building M9@?7 84?>>?7 E57 UExE;4?M7 Y>?VE8><7 your country expect the highest 6>C?>>7 9J7 J4E;=J@x5>YY<7 x9M4x;M<7 =95>Y;M7 4567 6>6E84;>67 Y>?VE8><7 thus your commitment and x9M4x;M7 ;97 ;=>7 4?U>67 J9?8>Y<Â&#x2021;7 =>7

said. Reacting to actions of the E5Y@?C>5;Y7C?9@BY7E57;=>789@5;?M<7 Jonathan urged all Nigerians to EU{E{>7;=>78@x;@?>79J7x9V><7B>48>7 and unity that exist in the Nigeria military. Â&#x2039;>;7 U>7 @Y>7 ;=EY7 9BB9?;@5E;M7 to call on those individuals who 84@Y>7 6EY4Â&#x201D;>8;E957 4567 U4EU7 E57 this country and in other parts of Africa under whatever guise to EU{E{>7 ;=>7 V4x@>7 9J7 B>48><7 x9V>7 and unity which exist here in <Â&#x2021;7=>7Y4E6P =>7 ?>YE6>5;<7 =9q>V>?<7 89UU>56>67;=>77 9V>?5E5C7 Council for cueing into the Federal Governmentâ&#x20AC;&#x2122;s resolve to boost science and technology education towards the nationâ&#x20AC;&#x2122;s development.

Police IG Abubakar weds

T

=>7 5YB>8;9?7 >5>?4x7 9J7 9xE8><7 @=4UU>67 {@{4Â&#x192;4?<7 M>Y;>?64M7 C9;7 U4??E>67 ;97 EYY7 4=?47 Fatima Bunu at a wedding Fatiha at the Abuja Central Mosque. UU>6E4;>xM7 4J;>?7 ;=>7 q>xx7 4Â&#x152;>56>6 Fatiha which was qE;5>YY>67{M7E8>7?>YE6>5;74U46E74U{9<7C@>Y;Y7U9V>67 ;97=EY64M79U>7J9?7;=>7q>66E5C7?>8>B;E95P EC5E;4?E>Y74;7;=>7?>8>B;E957q>?>7;9B7C9V>?5U>5;79~8E4xY<7 U>U{>?Y7 9J7 ;=>7 4;E954x7 YY>U{xM7 E58x@6E5C7 ;=>7 >54;>7 ?>YE6>5;<7 4VE67 4?Â&#x192;<7 47 Y>?VE5C7 4567 B4Y;7 C9V>?59?Y<7 ;?46E;E954x7?@x>?Y74567Y>5E9?7B9xE8>79~8>?YP7 ;7qExx7{>7?>84xx>67;=4;7 7{@{4Â&#x192;4?7x9Y;7=EY7:?Y;7qEJ>7J>q7 q>>Â&#x192;Y74J;>?7=>74YY@U>679~8>74Y7;=>754;E95Â&#x160;Y7B9xE8>7{9YYP


7

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

NEWS

South

Fashola blasts police over Amaechi Emmanuel Ukudolo

L

agos State Governor, Mr. Babatunde Fashola, yesterday described the alleged denial of Rivers State Governor, Mr. Rotimi Amaechi, to his Government House in Port Harcourt, as a breach of his fundamental human rights, stating however, that no right is absolute. Fashola, who was speaking at an occasion to mark his 2,300 days E579~8><7Y4E67;=>7µ@>Y;E9574{9@;7 the police and denial of access is 59;747U4Œ>?79J7¹UM79BE5E95PŠ7 ‹ ;7EY747U4Œ>?79J789UU95Y>5Y>P7 Even the lowliest citizen cannot be prevented from access to his house. If such a citizen is denied an access to his house, it will be a breach of fundamental human rights to movement. As I always say, none of the fundamental human rights is absolute. “Your right to movement can be restricted if for instance,

police come to arrest you for reasonable allegation. Your right to freedom of expression does 59;7 >X;>567 ;97 U4ƒE5C7 @Œ>?458>7 to damaging people’s reputation qE;=9@;7 }@Y;E:84;E95P7 @8=7 right is not absolute, and you can face criminal libel and civil defamation. Your right to freedom of association does not allow you to be member of secret cult. “I believe there is a law in this country that prevents you

from being a member of secret cult. None of these rights is absolute. Each of the rights creates corresponding duties. Your rights to transact business must stop where my right to move on the roads begins. You cannot turn our motorway to shops just because you have the right to do business. It is a corresponding exchange of rights and responsibilities. The {>Œ>?7 q>7 @56>?Y;4567 ;=EY<7 ;=>7 more progress we will make,” the

governor said. Fashola added that his government opted to take the J9?U>?7 =E>J7 >8@?E;M7 ~8>?7 to the former Head of State, Major Hamza Al-Mustapha, to the Supreme Court because government places the highest premium on every human life and that families of those killed deserve >V>?M7 ?EC=;7 ;97 4CE;4;>7 ;=>7 U4Œ>?7 to the Supreme Court, just as the accused would have been entitled.

Rotary empowers Badagry community Podo Sedegla Sunday

T

he Rotary International District 9110 Governor, Rotarian Olugbenga Olutayo Olowu, District Secretary, Rotarian Bola Oyebade and the entire executives have paid a two-day working visit to the ancient city of Badagry in continuation and J@x:xxU>5;7 9J7 ;=>7 B=Ex45;=?9BE877 >”9?;Y7 4567 Y>?VE8>7 ;97 =@U45E;M7

that Rotary International is known for worldwide. They were received by members of Rotary Club of Ajara led by its newly inducted President, Rotarian Otunba John Yomi Olomofe, past presidents and the entire executives and members were all on ground to receive their :?Y;78x4YY7EY;?E8;7 9V>?59?P77 =>7 :?Y;7 B9E5;7 9J7 84xx7

FUTO denies admission racketeering Emma Mgbeahurike, Owerri

T

he Vice Chancellor of the Federal University of Technology, Owerri (FUTO), Prof. Cyril Asiabaka has dismissed insinuations in some µ@4?;>?Y7;=4;746UEYYE9579J78456E64;>Y7J9?76>C?>>7B?9C?4UU>Y7E5;97 the institution has become a cash and carry business. According to him, as the nation’s foremost University of technology that =4Y7{>89U>747B48>Y>Œ>?7E57;=>7B?9U9;E957456746V458>U>5;79J7;>8=59x9CM<7 the institution has devised credible strategies to ensure that admission of candidates is based on merit for enhanced academic distinction. The VC gave this submission when he received members of the correspondent’s chapel of the NUJ, Imo State Council who visited the institution for an oversight function. He dismissed as fallacious and baseless, recent report by an Owerri{4Y>67q>>ƒxM7;4{x9E67;=4;7Y4x4?E>Y79J7Y;4”79J7;=>7@5EV>?YE;M7=467{>>57B@;7 957=9x676@>7;9784Y=7Yµ@>>¾><7>XBx4E5E5C7;=4;7=EY746UE5EY;?4;E957=467;4ƒ>57 U>4Y@?>Y7 ;97 >5Y@?>7 ?>C@x4?7 B4MU>5;7 9J7 Y4x4?E>Y7 4567 9;=>?7 {>5>:;Y7 ;97 workers. =Ex>7 46UEŒE5C7 J?>>69U7 9J7 >XB?>YYE957 {M7 EC>?E45Y7 E57 ;=>7 8@??>5;7 political dispensation, the VC sued for caution, objective and investigative journalism by media professionals in order not to overheat the polity. According to him, the institution had received the sum of N1billion out of the N30billion released by the Federal Government for the development of public universities, just as it received N3billion out of the N100billion released by the Federal Government, part of which he said, would be used ;97;48ƒx>7Y@56?M7B?9{x>UY7J48E5C7;=>7@5EV>?YE;M74567Y>Œx>U>5;79J7>5679J7 allowances for workers.

was Gberefu Beach Island Community where they were received in the palace of His Eminence, Alashe Nojeem Adeniyi Mautin Sanni, the Baale of Gberefu Beach Island. The club embarked on free medical test and treatment on malaria, vaccination and 6EY;?E{@;E957 9J7 U9Yµ@E;97 5>;Y7 to Gberefu Island community. The club also moved to L.A. Primary School Akarakunma, near Ascon where teachers’ Benjamin Omoike chairs and tables and dozens esidents of Akute and Olambe communities in Ifo Local of 40-leaves exercise books Government Council in Ogun State have complained about their were donated. Earlier, the plights in the hands of a particular group of policemen stationed Rotary has also replaced the in their area. {467 x9@V>?Y7 4567 :X>67 Y9U>7 =>7B9xE8>U>57@Y@4xxM76?>YY>67E57U@J;E74567qE>x6E5C7;=>E?7 »°74YY4@x;7 bad windows of the school. ?E½>Y74?>7{>xE>V>67;97{>7J?9U7;=>745;E?9{{>?M76EVEYE9579J7;=>7J9?8>745674?>7 The next point of call was stationed between Akute Bus Stop and Olambe Junction during the day L.A. Primary School, Badagry and at night. Townshp, where the Rotary According to the residents, the police are sometimes seen patrolling Club of Ajara had earlier the road in unmarked vehicles and since they are not in uniform, they repaired, designed and sometimes send wrong signals of being robbers, especially considering painted the perimeter fence. the aggression with which they go about their duties. Exercise books were also An aggrieved resident in the community said he believed the presence presented to Primary 1-3 and 6 of the policemen may not be unconnected with the spate of robberies Rotarian Olomofe, was and crime generally in that axis, which, according to him, had greatly emphatic when he said degenerated. “They could just overtake unsuspecting commuters with Gberefu has been single out in their vehicles and make sure they searched you thoroughly to the point of its health programme to wipe embarrassing you. They search bags and look through other documents out completely malaria from you had on you. the Island “With their cowboy hats, jeans and T-shirts, and wielding their big guns, The Rotary International they jump down in Rambo fashion and surround everybody. They stop District 9110 Governor, in and search innocent citizens who are going about their normal businesses, his speech announced to harassing and molesting the people. They treat everybody as though His Eminence and his entire they were criminals or suspects. Personally, I feel they are invading one’s royal council members privacy and this shouldn’t be. Even if you’re able to properly identify and cheering indigenes yourself, it does not exonerate you from being harassed,” he complained. that Rotary International through Ajara Rotary Club Missionary tasks Jonathan on ASUU strike has adopted Gberefu Island Christian John, made available to for Community Projects Emmanuel Olojuanu Sunday Newswatch after the 122nd and service in all the six he First African Church session of the Annual General areas of Rotary International Mission Nigeria, has called Conference of the church, community focus. . on President Goodluck held at the Paul’s Cathedral, Moreso, the District Jonathan to look into the 2-monthOkrika Diocese of South-south Governor said that the health old strike action embarked upon Archdioceses during the week. intervention programme in {M7 ;=>7 846>UE87 ;4”7 5E957 57 ;=>7 89UU@5Eµ@Ä<7 ‹;=>7 Gberefu Island will extend to of Universities (ASUU) and the conference called on the President all category of persons and will security situation in the country as ;9<7 4Y7 47 U4Œ>?7 9J7 @?C>58M<7 x99ƒ7 be total and free for pregnant 47U4Œ>?79J7@?C>58MP into the following: The ASUU This call was made in a strike which has lingered, the women, children and adults. 89UU@5Eµ@Ä<7 YEC5>67 {M7 ;=>7 There will also be assistance in security situation in the country, 9UU@5Eµ@Ä7 and unemployment of our the areas of child’s education =4E?U45<7 9UUEŒ>><7 ;P7 >VP7 C{954M47 and adult literacy. teeming youths roaming on the streets all over the country as this will minimise the crime rate.” The conference also had gone to a healing centre him to take his life since he condemned in totality, the act of ¹697 9?7 6E>Š7 B9xE;E8Y7 4567 @Y>67 ;=>7 and churches where he was told could not act as a man. Sadly, family sources opportunity to call on politicians to fast and pray for 31 days for the restoration of his manhood revealed that Emeka dropped to play the game according to the but the steps were in vain as his a note on the scene of the rules with the fear of God. The conference also incident which indicated his manhood kept failing. It was also learnt that ?>4Y957J9?789UUEŒE5C7Y@E8E6>P condemned same sex marriage, They hinted that the because “it is against the Holy Juliet (his girl friend), whose fondly called Writs jurisdiction and it is also courtship with the deceased had deceased, spanned over some years, was Emekus by his admirers, had un-African”, and frowned at the always embarking on constant B?E9?7;97;=>7Y@E8E6>7Y9x679”7=EY7 girl-child marriage. Meanwhile, the missionary romancing, caressing and clothes and shoes. Believing that the action has passed a resolution that the procurement of erection items he took was an abomination, Primate, His Eminence, Most Rev. for him. Sunday Newswatch gathered elders of the community E. O. Koya, JP should complete that on that fateful night, Emeka 6>U456>67 47 :5>7 J?9U7 ;=>7 his tenure before proceeding and Juliet checked into one of the deceased family, which has 957 ?>;E?>U>5;<7 4567 4xY97 ?4;E:>67 guest houses in town but could {>>57 J@x:xx>6<7 ;97 4BB>4Y>7 ;=>7 the election of Elder Kehinde not perform sexual act despite gods before his burial would Oluwasegun Oniwinde as the new Lay President of the mission. the girl’s readiness, prompting take place.

Ogun community bemoans police harassment

R

Rivers State Commissioner for Information, Mrs Ibim Semenitari, Female and Male Winners, Face of Native & Vogue, Uche Doris Adaugo, and Ekpata Gedoni Emmanuel, and the Permanent Secretary, Ministry of Information, Mrs. Jokotade Adamu, at the unveiling of Face of Port Harcourt Week recently in Port Harcourt.

Ngige chides Obi on N2tr state fund Alphonsus Eze, Awka

S

enator Chris Ngige, the All Progressives Congress (APC), candidate in the November 16, 2013 governorship election in Anambra State has observed that there was nothing on ground in the state to justify the over N2trillion that accrued to the state in the past seven years and six months of Governor Peter Obi’s administration. Ngige, who spoke in Awka said that with all the things he did when he was the governor of the state for 34 months, he did not receive up to N100b, including income from the Internally Generated Revenue (IGR) and counter-part funding. Senator Ngige said that although the Anambra State Government has denied collecting as much, he has challenged him to publish the account since Governor Obi came ;97 9~8><7 q=E8=7 ;=>M7 =4V>7 J4Ex>67 to do. “The few things I put in here have varnished. With everything I did in Anambra State, I did not spend up to N100b, including all my receivals from Federation Account and IGR. The Government of Anambra State, as at today, has collected up to N2trillion. They are saying it is a lie, I said publish your account, your IGR and receivals

from counterpart funding from all the agencies, World Bank, DFID,UNICEF, WHO. Publish all the account receivals,” Senator Ngige challenged. He cited the example of the 50 percent counterpart funding for the building of classroom blocks for primary and JSS schools in the state with the Federal Government, which he paid before leaving 9~8><74xx74U9@5;E5C7;97²°{<7{@;7 today, said Ngige, there is nothing to show about that project, rather, Obi has been beating his chest for providing computer sets for schools with leaking roofs. Dr. Ngige lamented poor state of the health sector in the state, which he noted, has deteriorated under Obi’s government. A case in point, he noted, is the state of the only general hospital in the state, located in Onitsha, which the former governor said took him and his Commissioner for Health 24 months to put up. E58>7=>7x>J;79~8><7Y4E67CEC><7 there is no other hospital that has been given accreditation as most of the consultants, doctors, nurses and other health professionals he employed have left, apart from the 13 moths strike embarked upon by doctors in public hospitals in the state. The gubernatorial candidate said that since he left the

government, Obi has not employed nurses apart from 350 he employed, the same thing he said, goes for teachers who he said were never employed under Obi. The scenario, said Ngige, is 59;745M7{>Œ>?7qE;=7;=>7;>?;E4?M7 institutions, especially the Anambra State University, Uli, which he said, he fought to get accreditation for 18 courses, but has today, lost accreditation of 20 courses.

T

Man commits suicide over failing manhood Cyprian Ebele, Asaba

F

or his inability to have erection during sexual intercourse with his lover, Juliet, a 32-year-old man YEUBxM7E6>5;E:>674Y7U>ƒ4<7=4Y7 ?>B9?;>6xM789UUEŒ>67Y@E8E6>7E57 his father’s compound at Igbiewa µ@4?;>?Y<7 ;>7 ?@U@<7 ƒ47 9?;=7 East Local Government Area, Delta State. Emeka, an undergraduate of Delta State University, was alleged to have plunged into the well in his family compound after several bids to make love with his girl friend failed. Prior to his demise, Sunday Newswatch learnt that Emeka


8

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

North

NEWS

Dearth of pharmaceutical firms worries AIPN

K

ano State Chapter of the Association of Industrial Pharmacists of Nigeria (AIPN), has raised alarm over the shortage of pharmaceutical manufacturing companies, particularly in the North. In an interview shortly after a symposium organised by the AIPN, in Kano over the weekend, Chairman of the association, Bala Maikudi, not only lamented the disturbing situation, but pledged to seek the Federal Governmentâ&#x20AC;&#x2122;s intervention to bridge the gap. According to the chairman, of the over 120 pharmaceutical manufacturing companies in Nigeria, only 30 are in the Northern part of the country. In order to address the imbalance, the chairman urged investors and stakeholders to urgently invest in the sector to bridge the yawning gap, noting that Northern Nigeria market also meets the pharmaceutical needs of the Western African countries. According to him, Nigeriaâ&#x20AC;&#x2122;s pharmaceutical market is worth over $2.5 billion, noting that the sector controls not less than 60 per cent share of the West Africaâ&#x20AC;&#x2122;s sub-regional market. Quoting a report sourced from the United Nations Industrial Development Organisation (UNIDO) on the pharmaceutical market, Maikudu confirmed that West Africaâ&#x20AC;&#x2122;s pharmaceutical market is worth over $3.5 billion. To this end, he appealed for the immediate intervention of the Federal and Kano State governments to address the lop-sidedness, so as to bring the pharmaceutical market in Kano at par with other parts of the country. In his speech on the occasion, the zonal coordinator of the North, Ahmed Gana Mohammed disclosed that a survey conducted recently revealed that the contribution of the pharmaceutical sector in Kano is valued at about N200 billion. Of this amount, he observed that the contribution of the pharmaceutical industries in Kano, numbering 22 is just about N10 billion, leaving a deficit of about N190 billion. He also lamented that out of the less than 25 pharmaceutical firms operating in Kano, half of them are operating below installed capacity. From that study, he adduced that the pharmaceutical market has the capacity to absorb 200 additional companies, which he pointed out, can provide job opportunities to an estimated 40,000 people within the industry and additional 300,000, if supportive companies are included. He therefore, appealed to the Kano State Government to provide intervention fund to the pharmaceutical firms as done to the retail outfits, like Lafiya Jari programme, so as to provide an effective synergy and boost the pharmaceutical sector in the state. In a speech, the Pharmaceutical Society of Nigeria Chairman, Ahmed Mohammed Gana, lauded the efforts of the state government in sanitising drugs distributing system in the state and the halting of the manufacture of cough preparations, containing codeine.

ITF plans 3m jobs under NEDEP Owolabi Adenusi, Yola

T

he Industrial Trustee Fund (ITF) yesterday said that 3.5 million jobs are to be created under the National Enterprises Development Programme (NEDEP). Director General of ITF, Prof. Longmas Sambo, disclosed this in Yola, at the graduating ceremony of 1000 trainees of the second phase of the National Industrial Skills Development Progamme (NISDP).

A

group under the aegis of Taraba Transition Assembly has said the call for the intervention of former Minister of Defence, General Theophilus Danjuma (Rtd), in the political imbroglio created by the ill-health of Governor Danbaba Suntai of Taraba State is baseless and unfounded, saying Danjuma has not been involved in the politics of the state, since its creation. In a statement issued yesterday in Abuja and signed by its President, Comrade Joshua Emmanuel, he berated Taraba Justice Forum, where it said Danjuma can facilitate resolution

of the state crisis created by the governorâ&#x20AC;&#x2122;s illness. â&#x20AC;&#x153;We read with surprise a statement credited to one group called Taraba Justice Forum that Danjuma is the one that can facilitate resolution of the crisis created by the ill health of Danbaba Suntai. While the Forum =4Y7695>7q>xx7E57:C=;E5C7 for justice in Taraba, it missed the point by this appeal on Danjumaâ&#x20AC;? the statement said. It maintained that â&#x20AC;&#x153;We should just check his records since the state was created. We should put pressure on the necessary authorities to do the right thing and ensure the EUU>6E4;>7 Y>Â&#x152;E5C7 @B7 9J7 a medical panel to assess the state of health of the governor as prescribed by the constitution, but

NISDP was designed to tackle unemployment, particularly among youths through technical and vocational training. â&#x20AC;&#x153;The programme is primarily a technical and vocational skills acquisition programme, but 6>YEC5>67;974Â&#x152;?48;7?>Y9@?8>7 empowerment for its trainees upon graduation. â&#x20AC;&#x153;The programme is executed through a combination of complementary strategies comprising of formal and informal skills acquisition processes.

L-R: Former military president, Gen. Ibrahim Babangida; Former Head of State, Gen. Abdulsalami Abubakar; Governor Aliyu Wamakko of Sokoto State, and former Sports Minister, Mallam Seidu Samaila Sambawa at the wedding fatiha between the Inspector *>?>@QXY[\YX]^>0_`Qqq>x$z_zQ{Q@Q?x|Q}~QQ`>1Q]Y?QX0YÂ&#x20AC;Â _>$z_Â&#x201A;Q

â&#x20AC;&#x153;The thrust of the programme, therefore, is to shore up skills shortages by building the capacity of youth so that they can be employed by others or be self-employed,â&#x20AC;? Sambo said. While urging all stakeholders to assist graduates of the NISDP to be gainfully employed or self- employed, the ITF boss said the Fund has set itself the task of helping to take 9@;7 ;>>UE5C7 M9@;=Y7 9Â&#x201D;7 ;=>7 street. He said the Fund plans to establish â&#x20AC;&#x2DC;among othersâ&#x20AC;&#x2122; 37 Industrial Skills Training Centres across the country, six advanced centres, one in each geo-political zone and ;=?>>7 >8;9?7 B>8E:87 Â&#x192;ExxY7 Training Centres. In his remarks at the occasion, Gov Murtala Nyako, who was represented by Commissioner for Commerce, Alhaji Ahmed Gorko, lauded the initiative 4567 @?C>67 {>5>:8E4?E>Y7 to make maximum use of the opportunity to be selfemployed. Nyako reiterated the stateâ&#x20AC;&#x2122;s commitment to youth empowerment citing the government Local Apprenticeship Scheme, Farming Skills Acquisition Centres and Technical Training Centres as some of his administration empowerment programmes to complement Federal 9V>?5U>5;7>Â&#x201D;9?;P

â&#x20AC;&#x2DC;New PDPâ&#x20AC;&#x2122;: Reps bank on APC as crisis deepens Emmanuel Iriogbe, Abuja

â&#x20AC;ŚHouse sets agenda on resumption

T

could spring surprises when the House resumes on Tuesday with the support of opposition lawmakers. Fielding questions from newsmen in a pre?>Y@UB;E957 B?>YY7 {?E>:5C7 in Abuja, Chairman of the

9@Y>79UUEÂ&#x152;>>7957>6E4<7 Zakari Mohammed, said the 57 members of PDP in the House that have aligned with the Abubakar Baraje faction should not be taken for granted if the PDP crisis spills into the House as they have the support of the 137 opposition lawmakers. According to him, the situation remains very ½@E67 J9?7 59q7 >V>57 4Y7 ;=>7 PDP leaders endeavour to resolve the crisis ahead of the resumption of the House. â&#x20AC;&#x153;If we (members of the â&#x20AC;&#x2DC;New PDPâ&#x20AC;&#x2122;) are not comfortable with certain ideals of the party we can decide on what to do. As a party, we have to look at our internal democracy and we are determined to look at every issue according to its merit. â&#x20AC;&#x153;To say we will impeach 45M7 B>?Y957 69>Y7 59;7 Y@~8>P7 We as members of the New PDP are holding talks. Who knows if tomorrow they come up and say the issues have been resolved. There is a meeting on Sunday at the party level.â&#x20AC;? He said out of the 208 PDP members of the House

he Peoples Democratic Party (PDP), met yesterday in Abuja over the crisis rocking the party, and members of the faction led by Alhaji Abubakar Baraje in the House of Representative have disclosed that they

Confusion trails Taraba politics Saminu Ibrahim, Abuja

Sambo, who was represented by Yola Area Manager of ITF, Alhaji Saleh Garba, said the jobs were to be created under NEDEP between 2013 and 2015. Sambo said the NISDP is a capacity building component of NEDEP conceived by the Federal Ministry of Trade and Investment in collaboration with ITF, SMEDAN and Bank of Industry, aimed at actualising the transformation agenda of the Federal Government. He added that

appealing to Danjuma is not a solution at all.â&#x20AC;? The group therefore condemned what it called a conspiracy against the good people of Taraba and questioned the wisdom in the position of Hope Nzodimaâ&#x20AC;&#x2122;s panel that directed the Acting Governor to be taking instructions from the ailing governor. â&#x20AC;&#x153;How can the acting governor be taking instruction from a governor who is medically incapacitated? Nzodima and his team dogged the real issue of medical incapacity of the governor. Instead of recommending that the governor should resign, the panel adopted a ridiculous solution of acting governor.â&#x20AC;?

of Representatives, 57 of them belong to the â&#x20AC;&#x2DC;New PDPâ&#x20AC;&#x2122; and EJ7 ;=>7 EYY@>Y7 C>;7 ;97 ;=>7 ½99?7 9J7 the House, the 57 â&#x20AC;&#x2DC;New PDPâ&#x20AC;&#x2122; members will team up with the opposition lawmakers. =9@C=7=>746UEÂ&#x152;>67;=4;7;=>7 PDP crisis is supposed to be an E5;>?54x7 4Â&#x201D;4E?7 9J7 ;=>7 B4?;M<7 E;7 89@x67 4Â&#x201D;>8;7 ;=>7 89x9@?4;E957 9J7

;=>76>{4;>Y7957;=>7½99?79J7;=>7 House. On the priority of the new session of the House, Hon Mohammed said they will focus on continuation of the review of the constitution, the PIB bill, tendering report 9J7 V4?E9@Y7 89UUEÂ&#x152;>>Y7 4567 oversight function.

Kano govt cautions Coca-Cola on contaminated products

K

ano State Health Management Board Executive Secretary, Dr Shehu Abdullahi, =4Y7 q4?5>67 984Â?9x47 9Â&#x152;xE5C7 9UB45M7 Plc in Kano against allowing contaminated products into the market. 5747Y;4;>U>5;7YEC5>67{M7;=>7@{xE87>x4;E95Y7~8>?7 of the Board, Alhaji Adamu Abdullahi, after a meeting held with management of the company in Kano, it was stated that the warning followed complaints from members of the public of cases of contaminated Coca -Cola products in the market. According to him, it is the responsibility of the board to protect and prevent citizens from consuming products that may be harmful to their health and advised the company to abide by the rules and regulations governing the production of such consumables. In another development, the National Youth Service Corps (NYSC) has appointed Mallam Sanusi Abdulrasheed as its new state coordinator in Kano. In a press statement signed by the NYSC Public >x4;E95Y7 ~8>?7 E57 459<7 ?P7 >;>?7 5@U><7 =>7 disclosed that Sanusi who had served the NYSC in numerous capacities across the federation will take over from Salisu Yakasai, who has now been reassigned to the NYSC in Abuja. According to him, his appointment will take EUU>6E4;>7>Â&#x201D;>8;P


9

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

FOREIGN NEWS

Syria: US, Russia seeking a compromise

A

fter several weeks of horse-trading over the crisis in Syria, the Russian president, Vladmir Putin may has manoeuvred a win-win situation: If Syria gives up its chemical weapons he gains; if it doesn’t, no one will blame him. The White House spokesman, Jay Carney had asserted that Russian prestige was “on the line”, when the US Secretary of State, John Kerry and his Russian counterpart Sergei Lavrov started talks late Thursday in Geneva to get Syria to dismantle its chemical weapons arsenal. Speaking before the evening meeting, Kerry said he hopes diplomacy can avoid a possible U.S. strike on Syria for the alleged role of Syrian government forces in a chemical q>4B95Y7 4Œ48ƒ7 x4Y;7 U95;=7 outside Damascus. “We cannot allow that to happen again,” Kerry said, repeating US allegations that the Syrian regime orchestrated ;=>7 4Œ48ƒP7 ‹XB>8;4;E95Y7 4?>7 high,” Kerry said of the talks. “This is not a game.” Kerry said that while the U.S. and Russia disagree on who was at fault “there is much we agree on” including that civilians died E57 ;=>7 4Œ48ƒ7 4567 ;=4;7 8=>UE84x7 weapons are a threat in the M?E47895½E8;P “I welcome the Russian delegation,” he said, adding that the U.S. has brought chemical q>4B95Y7>XB>?;Y74x95C7qE;=7E;Y7 entourage. Still, Kerry added it is too soon to tell if diplomacy will work but that the U.S. is Y>?E9@Y7E57E;Y7>”9?;YP Carney’s statement recalled an earlier remark by US President Barack Obama himself. Speaking to reporters, Obama said, “I didn’t set a red line. The world set a red line.” Therefore, he continued, it was not his “credibility” that was on the line. Rather, it was “the international community’s credibility” that was to be tested. These curious statements ?>½>8;7 B>?=4BY7 {>Œ>?7 ;=457 anything else the sense of confusion emanating from Washington surrounding the events of the past week. The president’s remarks came just prior to the US’s surprise agreement to a Russian proposal that would ostensibly see Syria voluntarily give up its chemical weapons capability. Carney’s words were said in the days following the accord. But both statements contain 457 @5UEY;4ƒ4{x>7 >”9?;7 ;97 6>½>8;7 4Œ>5;E95<7 4567 ;?45YJ>?7 responsibility. =EY7 >”9?;7 =4Y7 8=4?48;>?E¾>67 the US response to the Syrian crisis in general, and the regime’s use of chemical weapons in particular. Is “Russian prestige” indeed on the line if Syria does not cooperate in parting from its chemical weapons capability? The innocence of this remark must have raised wry smiles in the Kremlin. Russian prestige in the Middle 4Y;76>?EV>Y7J?9U7;=>7Y>5Y>7;=4;7

Assad

Moscow is a staunch patron that sticks by its clients. Bashar Assad’s Syria is the ally of the Russians. For a moment last week, Assad was genuinely concerned about his future. Few in Damascus believed that an American strike, if it came, would remain limited. The Syrian dictator feared ;=4;7 U>?E8457 4Œ48ƒY7 q9@x67 inevitably widen, weakening his armed forces and paving the way for a rebel victory. All that is over now. Putin YB9Œ>67;=>7>59?U9@Y7U>?E8457 reluctance to undertake an 4Œ48ƒ7 9J7 45M7 ƒE567 G4Y7 >VE58>67 in Obama’s remarks above, in US Secretary of State Kerry’s

astonishing pledge that any 4Œ48ƒ7 q9@x67 {>7 ‹@5{>xE>V4{xM7 small,” and so on). He therefore came forward with a proposal that would be just credible enough not to U4ƒ>7;=>7488>B;458>79J7E;7@Œ>?xM7 ridiculous. Washington happily accepted the olive branch and hurried away from any further possibility of military action. Russian credibility is not in question – it is already assured. Moscow has ensured the safety 9J7E;Y74xxM74567=EY7q4?7>”9?;P So now it’s back to the war. The Russian weapons lifeline ;97;=>74@;98?4;7EY7{@¾¾E5C7qE;=7 increased activity. The arms ships making their way from the Ukrainian port of Oktabyrsk

have increased in number in recent weeks, shipping analysts say. They are bringing the vital spare parts for Assad’s planes and tanks. The dictator, in turn, has ?>5>q>67=EY7q4?7>”9?;P Newly invigorated, Assad’s Bx45>Y74Œ48ƒ>6747:>x67=9YBE;4x7 near Aleppo on Wednesday. At least 11 people, including a doctor, were killed. And what of the proposal for Syria to cede its chemical weapons capability? It is worth remembering the years of manoeuvring and obfuscation during the search for such weapons in Iraq, as Saddam Hussein’s regime led hapless

inspectors by the nose from place to place, with nothing of consequence ever resulting. And unlike Hussein’s Iraq back then, Syria is currently the perfect environment for a despot who might wish to restrict and prevent the movement of inspectors: namely, a situation of civil war. “You’re in the middle of a brutal civil war where the Syrian regime is massacring its 9q57B>9Bx><‡74Y795>779~8E4x7 quoted by Reuters put it. “Does anyone think they’re going to suddenly stop the killing to allow inspectors to secure and destroy all the chemical weapons?” Russia is now in a win-win situation. If, for whatever reason, the Syrians do choose to part with an appreciable fraction of their chemical weapons capability, President Vladmir Putin will be able to bask in an aura of statesmanship. It was he, after all, who proposed this path. And if the Syrians prove recalcitrant and obstructive, no one will blame the Russian president – on the contrary. He has always denied that the regime used chemical weapons E57 ;=>7 :?Y;7 Bx48>P7 =M7 q9@x67 anyone think he would care whether they hand the weapons over or not? It will instead be seen as a further achievement for him, as the Americans squirm and try to justify why they are not returning to the path of military action, even though the will of the “international 89UU@5E;M‡7EY7{>E5C7½9@;>6P Putin will be able to claim credit in the event of Syrian compliance, and in the event of M?E4576>:458>P

British ex-jihadist, Osama al-Britani, killed

A

British former jihadist, Osama al-Britani, has been killed. He was killed on Thursady in a shoot-out in Somalia, following a bust-up in the ruthless al-Shabaab terror group. He died with an American associate wanted by the FBI. They were allies of a leader who split from the al-Qaeda-linked organisation in June. =>7 ;q97 ½>67 {@;7 ;>??9?7 {9YY>Y7 immediately ordered a manhunt for the pair, who had been joined by several bodyguards. Al-Britani and his American friend Omar Hammami – known as al-Amriki – were tracked down to a village outside the capital Mogadishu. Local resident Hussein Nur said: “A al-Amriki and his 89U?46>Y7 q>?>7 4Œ48ƒ>67 {M7 q>xx7 4?U>67 :C=;>?YP7 xU?EƒE7 4567 his two colleagues were killed 4J;>?747{?E>J7:C=;P‡ A shopkeeper in al-Baate village said he had heard al=4{44{7 :C=;>?Y7 895:?U7 ;=>7 deaths, though he had not seen the bodies. He added: “No-one is allowed near the scene.” The village was on Thursday under control of the terrorists. =>7 ƒExxE5CY7 >XB9Y>7 qE6>5E5C7 rifts in al-Shabaab’s top ranks, 4Y7 ;=>7 C?9@B7 {4Œx>Y7 457 J?E8457

New-recruits of al-Shabaab rebel group. Inset: Al-Amriki

5E95x>67 UExE;4?M7 9”>5YEV>7 ;97 drive them out. Al-Britani and al-Amriki were linked to former al-Shabab chief, Sheikh Hassan Dahir Aweys, who split from the group in June. The al-Shabaab leadership has been hunting down allies of Aweys, who is in the custody of Somalia’s United Nations-backed government. He is seen as less hardline than al-Shabaab leader, Ahmed Abdi Godane. =>7 9?>EC57 ~8>7 EY7 investigating the death of Al-

Britani, who was of Pakistani origin. A statement said: “We are aware of reports of the death of a British national in Somalia and are looking into this.” There have been previous reports of al-Britani’s death including a recent one that he had been killed in Afghanistan. Al-Amriki had been on the FBI’s Most Wanted Terrorists List since November when a ɳP²7 UExxE957 {9@5;M7 q4Y7 9”>?>67 for information leading to his capture.

He had recorded jihadist raps which he posted on YouTube. Al-Amriki is thought to have arrived in Somalia aged 22 in late 2006, shortly before a US-backed ;=E9BE457 UExE;4?M7 E58@?YE957 into Somalia had dislodged the government. Fluent in Somali, Al-Amriki YqEJ;xM7 {>84U>7 457 E5½@>5;E4x7 leader of al-Shabaab’s foreign jihadists who had joined the :C=;7 ;97 ;9BBx>7 47 C9V>?5U>5;<7 which they considered a Western puppet.


10

SUNDAY NEWSWATCH, SEPTEMBER 15 , 2013

LIFE

The trains are back on track!

                                               !          BUKOLA BAKARE     

T

=>74x4?U7q>5;79Â&#x201D;74;7>X48;xM7Ă&#x160;P¹¹4U77 E57 47 =EC=xM7 B9B@x4;>67 Y@{@?{P7

>YYE847 M97 G59;7 ?>4x7 54U>YI<7 47 ;?46>?7 4567 U9;=>?7 9J7 ;=?>>7 Y;?@CCx>Y7 ;97 C>;7 =>?7 J4UExM7 ?>46M7 J9?7 ;=>7 64MP7 =>?>7 q>?>7 95xM7 ;q97 9B;E95Y7 {>J9?>7 =>?Ă&#x2039;7 Y>;7 9@;7 qE;=7 47 89UU>?8E4x7 {@Y7 4567 C>;7 Y;@8Â&#x192;7 E57 ;=>7 ?@Y=Â?=9@?7 ;?4~87 9?7 ;4Â&#x192;>7 ;=>7 ;?4E5P7 =>7 x4Â&#x152;>?<7 Y=>7 ?>4Y95>67 q9@x67 {>747U9?>7Y>5YE{x>79B;E9574Y7Y=>7q>EC=>67 =>?7 :5458>YP7 =>7 ;?4E57 q9@x67 ;4Â&#x192;>7 =>?7 J?9U7 6697>?UE5@Y7;97q=>?>7Y=>7Y>xxY7=>?7 q4?>YP7 4Ex@?>7 ;97 C>;7 ;97 ;=>?>7 {>J9?>7 °BU7 U>45;7;=4;7Y=>7q9@x67UEYY7;=>7;?4E5Ă&#x152; 7 >YYE84Â&#x160;Y784Y>7EY759;7;9976EÂ&#x201D;>?>5;7J?9U7;=4;7 9J7478?9YY7Y>8;E9579J7EC>?E45Y7q=97@Y>7;=>7 ;?4E57q=E8=7EY795>79J7;=>7J4Y;>Y;7U>45Y79J7 ;?45YB9?;4;E957E574789@5;?M7;=4;7=4Y7U9?>7 ;=457 ²Ă&#x160;Âą7 UExxE957 B>9Bx>P7 57 ?>8>5;7 ;EU>Y<7 ;=>?>7=4Y7{>>57457E58?>4Y>7E57;=>75@U{>?79J7 ;?4E5Y7;=4;7BxM7V4?E9@Y7?9@;>YP Y7 J4?7 {48Â&#x192;7 4Y7 ¯¹¹³<7 ?>B9?;Y7 Y=9q7 ;=4;7 EC>?E4Â&#x160;Y7?4Ex7YMY;>U7=467Âł<Ă&#x160;Ă&#x160;°7Â&#x192;Ex9U>;?>Y7 9J7;?48Â&#x192;Ă 7²º79J7q=E8=7q>?>76@4x7C4@C>74567 ;=>7?>U4E56>?7Y;4564?67C4@C>P7=>789@5;?M7 =4Y7 ;q97 U4}9?7 xE5>Y7 VEžÂ?4Â?VEž7 95>7 q=E8=7 8955>8;Y74C9Y7957;=>7EC=;79J7>5E574567 C@?@<79{>7;4;>7E57;=>79?;=>?57EC>?E47 q=Ex>7;=>79;=>?78955>8;Y79?;Â? 4?89@?;7E57 ;=>7EC>?Â?>x;4745674E6@C@?E7E579?59<7 9?;=74Y;>?57EC>?E4P 574?8=7¯¹¹¡<7Bx45Y7q>?>7957;=>7q4M7;97 >Y;4{xEY=7 47 ?4Ex7 xE5Â&#x192;7 {>;q>>57 EC>?E47 4567 EC>?7{@;7;=4;7q4Y7B@;7957=9x676@>7;97;=>7 5;>?54;E954x7 9@?;7 9J7 @Y;E8>Â&#x160;Y7 V>?6E8;7 E57 J4V9@?7 9J7 4U>?9@57 957 ;=>7 EYY@>7 9J7 ;=>7 895;?9x79J7;=>74Â&#x192;44YE7>55EY@x4P When Sunday Newswatch7 VEYE;>67 ;=>7 EC>?E47 4Exq4M7 9?B9?4;E957 >?UE5@Y7 E57 669<7 E;7 q4Y7 >VE6>5;7 ;=4;7 895Y8E9@Y7 >Â&#x201D;9?;Y7=4V>7{>>57U46>7;97?>U>6M7;=>7B99?7 8956E;E95Y<7 >~8E>58M7 4567 B?9:;4{ExE;M7 9J7 ;=>7 89?B9?4;E95Ă 7 ;=>7 966Y7 q=E8=7 U4??>67 ;=>7 YU99;=7 9B>?4;E957 9J7 ;?4E57 Y>?VE8>Y7 E57 ;=>7B4Y;P 9UU@;>?Y7J?9U7;=>7;>?UE5@Y74?>7U9Y;xM7 ;?46>?Y74567{@YE5>YY79?E>5;>67B>9Bx>7q=97 4?>7C9E5C74{9@;7;=>E?7{@YE5>YY>Y748?9YY7;=>7 4C9Y7U>;?9B9xEY74567{>M956P 9?;=M7 9J7 59;>7 4?>7 ;=>7 8948=>Y7 q=E8=7 4?>759q7EUB?9V>6P77?>YB956>5;7Y4MY7;=4;7 6>B>56E5C795795>Â&#x160;Y78=9E8><795>78457>E;=>?7 ?E6>7 E57 ;=>7 >8959UM7 9?7 {@YE5>YY7 8x4YYĂ 7 ;=>7 x4Â&#x152;>?7 EY7 U>45;7 J9?7 =EC=7 8x4YY7 B>9Bx>7 E57 ;=>7 Y98E>;M7 q=97 }@Y;7 q45;7 ;97 B4UB>?7 ;=>UY>xV>Y7 E57 YB>8E4xEY>67 ;?4E57 8948=>YP7 =>7;?4E57Y;9BY74;76>YEC54;>67Y;4;E95Y74567 >48=7 Y;9B7 EY7 4{9@;7 ;q97 UE5@;>Y7 E57 84Y>Y7 q=>?>7 84?Y7 4567 {@Y>Y7 =4V>7 ;97 B4YYP7 57 466E;E95<7 ;=>7 Y>4;Y7 4?>7 U9?>7 89UJ9?;4{x>7 89UB4?>67 ;97 q=4;7 q4Y7 9{;4E54{x>7 E57 ;=>7 B4Y;P7 xx7 ;=>Y>7 4?>7 4Â&#x152;>Y;4;E95Y7 ;=4;7 ;=>7 EC>?E457 4Exq4M7 9?B9?4;E957 GI7 EY7 B9EY>67;97xEV>7@B7;97E;Y7UEYYE957Y;4;>U>5;7

MD Nigerian Railway Corporation, Adeseyi Sijuade,

Passengers hanging on train coaches in Lagos

Â?7 ;97 >U>?C>7 4Y7 ;=>7 x>46>?7 E57 ;=>7 EC>?E457 ;?45YB9?;7 YMY;>U7 Â?7 @YE5C7 q>xx7 U9;EV4;>67 q9?Â&#x192;7 J9?8>7 qE;=7 U96>?57 q9?Â&#x192;7 J9?8>7 qE;=7 U96>?57 q9?Â&#x192;7 J9?8>7 qE;=7 U96>?57 ;>8=59x9CM<7 4567 E;Â&#x160;Y7 VEYE957 Y;4;>U>5;7 Â?7 ;97 {>747q9?x678x4YY7?4Ex7;?45YB9?;79?C45EY4;E95<7 B?9VE6E5C7Y4J><7>~8E>5;<74Â&#x201D;9?64{x><7?>xE4{x>7 4567qE6>xM7xE5Â&#x192;>675>;q9?Â&#x192;745678@Y;9U>?7 9?E>5;>67Y>?VE8>YP 57 ;=>7 q9?6Y7 9J7 47 ?>YB956>5;<7 =EÂ&#x192;47 >9?C><7 47 B4YY>5C>?7 q=97 ;?4V>xY7 ;97 ;=>7 59?;=7 VE47 ;?4E5Y<7 Â&#x2039;;?4~87 895C>Y;E957 =4Y7 {>>57 ;=>7 U4}9?7 {45>7 9J7 9@?7 ?946Y7 ;=4;7 EY7 q=M7U9Y;7B>9Bx>759q79B;7J9?7;?4E57Y>?VE8>YP7 79J;>57;?4V>x7;97 4597Y97 79J;>57C97{M7;?4E5<Â&#x2021;7 Y=>7Y4E6P 9??9{9?4;E5C7=>?78x4EU<7 4UEx@74Eq9<747 {?E8Â&#x192;x4M>?7q=974xY97{94?6Y7;=>7;?4E57J?9U7 45C97E57C@57;4;>7q=>?>7=>7?>YE6>Y7Y4MY7 ;=4;7qE;=7;=>7U4UU9;=7;?4~87957;=>7?946<7 E;7{>84U>7457>Y84B>7?9@;>7J9?7=EUP7Â&#x2039; 7q9?Â&#x192;7 E57 6@U9;474567xEV>7E5745C9P7 ;7q4Y7=>xx7J9?7 U>7q=>57;=>7;?4E5Y7q>?>759;7q9?Â&#x192;E5CP7 J7 7 5>>67;974Â&#x152;>567;97478xE>5;<7 7q9@x67=4V>7;97 x>4V>7=9U>74?9@567ÂťP³¹4U74567Y;Exx7C>;7;97 ;=>7 Yx4567 V>?M7 x4;>P7 9q<7 7 895V>5E>5;xM7 {94?6747;?4E57J?9U7 }9Â&#x192;97q=E8=7EY78x9Y>?7;97 UM7=9U>74567C>;7;97 6697q=E8=7EY78x9Y>?7;97 ;=>7 Yx456P7 7U@Y;7;>xx7M9@7;=4;7E;7EY747=@C>7 ?>xE>J7J9?7U>PÂ&#x2021; When Sunday Newswatch7 VEYE;>67 ;=>7 EC>?E457 4Exq4M7 9?B9?4;E95<7 4C9Y7 EY;?E8;7 >46Âľ@4?;>?Y<7 {@Â&#x152;>7 >Â&#x152;4<7 ;=>7 EY;?E8;7 @{xE87 >x4;E95Y7 ~8>?<7 ?P7 6>U@MEq47 6>Â&#x192;45U{E<7 YB9Â&#x192;>7 J@?;=>?7 957;=>7?>Y@Y8E;4;E9579J7;=>7?4Exq4MY748?9YY7 ;=>7 89@5;?MP7 >7 B9E5;>67 9@;7 ;=4;7 ;=>?>7 EY7 59q=>?>7 E57 ;=>7 q9?x67 q=>?>7 ;=>?>7 EY7 47 B4?;E8@x4?7U96>79J7;?45YB9?;4;E9574567;=4;7 C9V>?5U>5;7Â&#x192;59qY7;=4;7;=>7?4Exq4MY7Bx4M7 47 V>?M7 EUB9?;45;7 ?9x>7 E57 ;=>7 6>V>x9BU>5;7 9J74754;E95P7=9@C=7E;7q4Y74{45695>67J9?7 Y>V>?4x7M>4?Y<7;=>7B?>Y>5;7C9V>?5U>5;7=4Y7 59q7 6>8E6>67 ;97 ?>V4UB7 E;P7 Â&#x2039;=4;7 EY7 q=M7 M9@74?>7Y>>E5C7;=>7?>5>q>67E5;>?>Y;79J7;=>7 >6>?4x7 C9V>?5U>5;7 E57 ?>V4UBE5C7 ;=>7 YMY;>U<Â&#x2021;7=>7Y4E6P 4xÂ&#x192;E5C7 4{9@;7 E;Y7 ?>Y@?C>58>7 qE;=E57 =EY7 ;@?J<7 6>Â&#x192;45U{E7 Y4E67 ;=4;7 E;Â&#x160;Y7 J?4@C=;7 qE;=7 Y9U>7 8=4xx>5C>YP7 Â&#x2039;>J9?>7 59q<7 ?4Ex7 ;?45YB9?;Y7 E57 4C9Y7 >YB>8E4xxM7 ;=>7 U4YY7

Photos: Tunde Ogundeji

;?45YE;7 q>?>7 59;7 q9?Â&#x192;E5CP7 9?U4xxM<7 ;=>7 89?B9?4;E957 ?457 95xM7 95>7 9?7 ;q97 ;?4E5Y7 47 64MP7 =EY7 q4Y7 {>84@Y>7 ;=>?>7 q>?>7 597 ?>xE4{x>7 4567 >~8E>5;7 x989U9;EV>7 >5CE5>Y7 4567?9xxE5C7Y;95>YP Â&#x2039;9?>Y9<7 ;=>7 ;?48Â&#x192;Y7 q>?>7 59;7 9Â&#x192;4M7 {@;7 ;=>M74?>7{48Â&#x192;7E57Y=4B>759qP7=>7:?Y;7;=E5C7 ;=4;7 ;=>7 >6>?4x7 9V>?5U>5;7 6E67 q4Y7 ;97 4q4?67 ;=>7 895;?48;7 J9?7 ;=>7 ?>=4{ExE;4;E957 9J7;=>7;?48Â&#x192;YP7@?E5C7;=>7?>CEU>79J7J9?U>?7 ?>YE6>5;7x@Y>C@57{4Y45}9<7;=>M7q45;>67 ;97 697 47 J@xx7 9V>?Â?=4@xP7 57 9;=>?7 q9?6Y<7 E5;?96@8>7 ;=>7 Y;4564?67 C4@C>7 {@;7 4x95C7 ;=>7xE5><7E;7q4Y76EY;9?;>67{M7;=>7C9V>?5U>5;7 9J7 4;>7 ?>YE6>5;7 U4?@7 4?Â&#x160;6@4P7 =>7 4?C@U>5;7 q4Y7 ;=4;7 C9V>?5U>5;7 q4Y7

It was evident that conscious efforts have been made to remedy the poor conditions,  

   the corporation; the odds which marred the smooth operation of train services in the past

YB>56E5C7Y97U@8=7J9?7U45M7M>4?Y<7Y97q=M7 59;7?>=4{ExE;4;>7;=>79x67;?48Â&#x192;Y<7;=>57;=E5Â&#x192;7 9J7=9q7;97E5;?96@8>7;=>7Y;4564?67C@4C>P Â&#x2039;=4;7 895;?48;7 q4Y7 4q4?6>67 ;97 =E547 EVEx7 5CE5>>?E5C7 95Y;?@8;E957 9UB45M7GI7q=Ex>747895;?48;7q4Y7 4xY97 4q4?6>67 J9?7 ;=>7 Y;4564?67 C@4C>P7 J;>?q4?6Y<7 ;=>7 >6>?4x7 9V>?5U>5;7 {?9@C=;7 E57 ÂŻĂ&#x160;7 {?4567 5>q7 x989U9;EV>7 >5CE5>Y7 q=E8=7 4?>7 8@??>5;xM7 q9?Â&#x192;E5C7 E57 4C9Y<7 459<74?E4<74@8=E745679;=>?7B4?;Y7 9J7;=>789@5;?M<Â&#x2021;7=>754??4;>6P7

>7 4xY97 >UB=4YEY>67 ;=4;7 ;?4E57 Y>?VE8>Y7 4?>78=>4B<7Y4J><74Â&#x201D;9?64{x>74567895V>5E>5;P 574C9Y759q<7U4YY7;?45YE;Y7BxM7 6697;97 }9Â&#x192;97 q=E8=7 EY7 {>;q>>57 4C9Y7 4567 C@57 ;4;>745674xY97B4B47;97 }9Â&#x192;9P7 57;=9Y>764MY<7 U4YY7;?45YE;7;?4E5Y7?@57E57;=>7U9?5E5C74567 >V>5E5CYP7 9q>V>?<7;=>?>7EY747xEÂ&#x152;x>78=45C>7 59qP7=EY7EY7{>84@Y>7;?4E5Y759q7x>4V>7 6697 >?UE5@Y7 {M7 ¡PÂŻÂą4U7 4567 x4C{4697 4;7 Ă&#x160;P³¹4U7J9?7B>9Bx>7C9E5C7;97q9?Â&#x192;7{>84@Y>7 }9Â&#x192;974567x4C{46974?>7?>YE6>5;E4x7Bx48>Y7 J9?7q9?Â&#x192;>?Y<7;?46>?Y74567U9Y;79J7;=>U74?>7 89UE5C7;97;=>7 Yx4567J9?7;=>E?7{@YE5>YY>Y<7 Y97 ;?4E5Y7 U9V>7 4{9@;7 ²Ă&#x160;<¹¹¹7 B4YY>5C>?Y7 64ExM76@?E5C7B>4Â&#x192;7B>?E96Y7E57;=>7U9?5E5CY7 45674J;>?5995YP7 6>Â&#x192;45{E7 895;E5@>67 ;=4;7 Â&#x2039;=>57 ;=>7 89?B9?4;E957J9@5679@;7;=4;7;=>7895C>Y;E957 q4Y7;997U@8=74567B4;?954C>7C9;7=EC=>?<7 ;=>M7=467;97E5;?96@8>7;?4E5Y7J9?7²¯59957J9?7 ;?46>?Y7Y97;=4;7;=>M78457C>;7;97;=>7 Yx456P7 =>5<7q>7E5;?96@8>67459;=>?795>7J9?7ÂŻBU7 J9?7 ;=>7 Y4U>7 ;?46>?Y7 q=97 q9@x67 C9E5C7 {48Â&#x192;7=9U>P Â&#x2039;=>7ÂťBU7;?4E57EY7J9?78EVEx7Y>?V45;YĂ 7;=9Y>7 q=97 =4V>7 8x9Y>67 J9?7 ;=>7 64M7 J?9U7 ;=>E?7 V4?E9@Y7 9~8>Y7 q=Ex>7 ;=>7 Ă&#x160;P³¹BU7 ;?4E57 EY7 J9?7 {@YE5>YYU>57 4567 B?9{4{xM7 ;=9Y>7 q9?Â&#x192;E5C7E57;=>7{45Â&#x192;Y7q=978x9Y>747{E;7x4;>P7 ?4E5Y74xY97x>4V>74;7¡P³¹BUP7 ;7U>45Y7;=4;7 qE;=E57457=9@?<789UU@;>?Y74?>74x?>46M7E57 ;=>E?7=9U>Y7q=E8=7Y4V>7;=>U7;=>7C?E6x98Â&#x192;7 957;=>7?946Y<Â&#x2021;7=>7466>6P Sunday Newswatch7C4;=>?>67;=4;747;?4E57 J?9U7 6697;97 }9Â&#x192;9789Y;Y7²Ă&#x160;Âą754E?4<7;=9@C=7 ;=>?>7EY7459;=>?7;E8Â&#x192;>;7;=4;789Y;Y7Ă&#x160;¹¹754E?47 J9?7 B>9Bx>7 q=97 q45;7 ;97 ?E6>7 957 ;=>7 :?Y;7

Continued on page 11


11

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

LIFE

Resurgence of the Railways:

An event here to stay? Continued from page 10 class air-conditioned coach. These are called business class and were particularly fashioned out for some class of people especially corporate passengers. The NRC DPRO explained further that, “You know that there are some people who use the park and ride service. They park their cars somewhere; some of them do not like mingling with general people so we had to create a special coach for them. It’s just as if you are in an aeroplane and you YE;769q5789UJ9?;4{xM7E5747:?Y;78x4YY784{E5P‡ One wonders if there won’t be a relapse in the railway system, the DPRO quipped 45674~?U>67;=4;7E;7q9@x67q9?ƒ7;=EY7;EU>7 so long as there is the continued interest of the Federal Government and said that what happened in the past was as a result of neglect of the then government. Now, there is the political will to make sure that the railways are up and running. Already, the manpower is available as people are being employed, so what happened to those workers who were x4E67 9”7 J?9U7 ;=>7 EC>?E457 4Exq4M7 Corporation? He continued: “I wouldn’t Y4M7;=4;7;=>M7q>?>7x4E679”7@5}@Y;xMP7@?E5C7 a certain period, there was no work to do so we were doing skeletal services and the Federal Government couldn’t continue B4ME5C7 Y;4”7 Y97 ;=>?>7 q4Y7 69q5YE¾E5CP7 However, we had some people on C?9@567 ;=>57 U95E;9?E5C7 ;=>7 9~8>7 Y97 that infrastructures wouldn’t lie fallow. Thus, government felt that they couldn’t continue to be paying much to people who were doing nothing. However, when the railways were revamped, government had to recruit again. Mind you, most people that were retrenched had aged, so the management believed that it was expedient to look for young and vibrant people to man the place. You know that the whole world is going digital and you cannot stay in the past when everybody is clamouring to move forward, so we cannot just sit down and fold our arms. The corporation had to bring in people from other walks of xEJ>7;97E5}>8;75>q7E6>4YP‡ After the Lagos to Kano Railway Tracks was completed, the NRC started running services from Lagos to Ilorin which now costs 1,110 naira. This runs thrice a week because a lot of commuters were

Rehabilitated Lagos-Kano rail track

clamouring for the service. In the same vein, they run Lagos to Kano routes twice from Lagos. A train is also available from Ilorin to Kano once a week. “From Iddo Terminus, Lagos to Kano leaves at noon on Wednesdays and Fridays while that of Ilorin leaves at 9pm on Tuesdays. There’s no danger inherent when the trains leave at night because on board, there are security guards, man ‘o’ war’. ‹Y7 B4?;7 9J7 E;Y7 >”9?;7 ;97 B?9VE6>7 {>Œ>?7 services, the revamped railways also operate freight services. Goods such as wheat are moved from the port in Apapa to Kano and Kaduna. The tank wagons are also used to carry petroleum products to Bx48>Y759?;=<‡7=>7Y4E6P When asked whether the country would someday be ripe to operate underground trains, Adekanmbi said that it is possible but re-emphasised that it depends on the government of the day, their policies and programmes for the nation. “For instance, look at what the Lagos State Government is doing at the moment; an overhead rail transport from Iganmu to Okokomaiko. The Federal Government can do that too because they already awarded the contract for the standard gauge which is equally as good as the underground trains. The 95xM76E”>?>58>7EY7;=4;7E;7EY7 underground. Both would {>7 {>Œ>?7 E57 EC>?E4P7 =>7 Abuja standard gauge is on course while the Abuja to Kaduna standard gauge would soon be completed. Government has also awarded contracts for the Lagos to Ibadan standard gauge. A survey has been carried out on some other states that government wants to link. It is not impossible to build underground trains in Nigeria but mind you, E;7 EY7 84BE;4x7 E5;>5YEV><‡7 Adekanbi stated.

One of the new trains set for journey

“Within the state now, there are so many level crossings and people just don’t care that a train is approaching and just cross at qExx<‡7=>7x4U>5;>6P On steps being taken to sensitise people to avoid accidents on the tracks, he recalled that in the past, trains were not moving on the tracks, so many people thought that the railways wouldn’t work again but when it was back on course, illegal structures on the tracks have since been demolished. “In the Yaba area for instance, concerted >”9?;Y7 =4V>7 {>>57 U46>7 to fence the tracks round. This was done in collaboration with the state government. “The Federal Road Safety Commission (FRSC) also helped with awareness campaign by going to various level crossings to educate traders, commuters and motorists. Accidents on the tracks are often caused by motorists due to impatience. Trains cannot leave their tracks and hit someone except of course it derailed. The message here is that safety on our tracks remains key. Sadly, some will tell you that they can cross the tracks before the train gets to the level crossing. Consequently, they miscalculate and get

Government felt that it couldn’t continue paying much to people who were doing nothing. However, when the railways were revamped, government had to recruit again

injured or even die in the process. “Management has re-erected some of the barriers around the level crossing, employ level crossing keepers and train them. These are meant to be paid for by local government, states and perhaps companies that demanded for their services. If a state government wants to construct a road that will cross the rail lines, they have to pay J9?7 E;P7 5>7 9J7 ;=>7 8956E;E95Y7 4Œ48=>67 ;97 it is that you will pay for the person that would be manning it and also pay for its maintenance. Stakeholders should be able to meet their obligations. Not many people know that it is those concerned that are meant to be paying for these level crossings. “The level crossing keepers in the Arena in Oshodi for instance are being paid for by the management of the place. That’s how it should be with all other people across the country. The rate of railway accidents has reduced unlike before. It is common place to see some people with ear phones in their ears such that they cannot even hear anything around them. They do not even know that they have approached a track. Some people just don’t listen and I J>>x7E;ŠY74574Œ>UB;7;9789UUE;7Y@E8E6><‡7=>7 explained. Commenting on those who hang on coaches when the trains are moving, he said that they will not stop arresting them as there are so many cases pending at the Chief Magistrate Court, Yaba. “Many have been charged to court and sentenced. Some people want to join their friends on a particular train shift and if there is no space, they would rather hang on the coaches. Bearing all these in mind, we have increased the shifts to 16, running Ijoko to Apapa daily, so if you don’t go with 47 B4?;E8@x4?7 Y=EJ;<7 M9@7 qExx7 6>:5E;>xM7 C97 with the next. We have re-furbished more coaches to strengthen the routes that we =4V>P‡ He added that most of those who hang on the coaches are rouges and miscreants. According to him, “We will continue arresting and prosecuting them, we will not relent. Most of our tracks nationwide are porous so they need to be fenced. Perhaps ;=4;7 qExx7 8@?{7 ;=>7 E5½@X7 9J7 @5q45;>67 passengers, each ticket purchased carries insurance. This means that insurance covers every ticket holder. If anything happens to anyone inside the train, insurance would be responsible but for those that hang on the coaches or even the door, insurance will not cover them. We will not stop until we get all of them arrested. Hopefully, before December, the corporation is bringing in some new coaches and the long term aim is to be running trains hourly. This would go a long way in stopping congestion on the ;?48ƒY<‡7=>7Y4E6P With the numerous challenges that the Nigerian Railway Corporation is faced with, it seems poised to leave trains on the tracks. Observers and critics would be waiting to see if the problems that marred its operations in the past would not rear its ugly head again. Only time will tell.


12

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

Daily Newswatch www.mydailynewswatchng.com

-Tradition built on Truth

A DVERT R ATES COLOUR Sizes in cm 2.5cm x 1

17cm x 3 25cm x 4 25cm x5 Half Page Full Page

Sizes in inches 1x1 1x 2 2x2 3x2 4x2 5x2 6x2 7x3

Amount (N) 4,843.50 9,828.00 19,691 .02 29,536.65 39,382 .20 49, 227 .75 60, 112 .50 131, 625 .00

10 x 4 10 x 5 10 x 6 7.25 x 6 14.5 x 6

236,293 .20 354, 439.80 425, 327 .76 250, 404 .00 442, 500 .00

SPECIAL POSITION (COLOUR) FP Strip BP Strip Centre Spread Centre Spread

2x6 2x6 Full Page Half Page

506,762.25 492,278.25 1,417,500.00 802,945.11

BLACK AND WHITE 2.5cm x 1

7.5cm x 2 15cm x 2 Quarter Page 25cm x 5 Half Page Full Page

1x1 1x2 2x2 3x2 4x2 5x2 6x2 7x3 10 x 5 10 x 6 7.25 x 6 14.5 x 6

4,470.04 8,916.67 1 7,833.35 26,832.22 35,666.71 44,583.39 53,664.57 101,412.97 279,503.32 335,403.98 212,519.51 363,375.00

SERIES DISCOUNT Attractive series discounts available on all adverts from 5 insertions and above . All rates are exclusive of VAT.

ENQUIRIES: The Advert Manager,

OTHER SPECIAL POSITIONS Special positions including loose inserts are available on request and at highly competitive rates.

Energy House: 159/161, Broad Street, Lagos. E-mail: adverts@dailynewswatchng.com specialprojects@dailynewswatchngcom Tel: 0709-882-1624

Newswatch Newspapers Ltd.


13

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

COVER

Job-racketeering suspects

Swindlers in guise of providing employment Job scams have been on the increase, following the upsurge of unemployment in the country. As a result, this has created a situation where job seekers, out of desperation to earn a living, easily fall for the tricks of illegal recruitment agents. The ugly trend is on the rise and seems unabated even as more people fall prey by the day. The result of the unwholesome activities of these notorious individuals, to say the least, is an unpleasant one for the unsuspecting job seekers. In this report, BENJAMIN OMOIKE and AMINA BRAI-OMOIKE reveal that government establishments might just have taken an unhealthy lead.

T

he burden of recruitment scams and racketeering is not entirely new to the nation. What is disturbing, however, is that this trend is becoming more entrenched in the society. As a result of mass unemployment plaguing the nation, some dubious elements have capitalized on the loopholes in the system as well as the desperation of unemployed Nigerians to perpetrate their wicked acts. The situation on ground has presented them with a platform to, as it were, ‘milk their fellow citizens dry.’ A new scam targets people who have posted their resumes on job sites. The scammer sends a letter with

a falsified company logo. The job offer usually indicates exceptional salary and benefits, adds that the would-be victim needs a “letter of introduction/ recommendation” for the job, and includes the address of a (fake) “government official” to contact. The “government official” then proceeds to fleece the victim by extracting money from him for the letter of recommendation and other fees. Many legitimate (or at least fully registered) companies work on a similar basis, using this method as their primary source of earnings. Some modeling agencies will tell applicants that they have a number

of clients lined up, but that they require a “registration fee” of sorts to account for processing and marketing expenses, or so it is claimed, which is paid in a number of untraceable methods, most often by cash. Once the fee is paid, the applicant is informed that the client has cancelled the deal and thereafter, they never contact the applicant again. They simply disappear. This is just one of the numerous ways by which lots of people are being defrauded every day. Many wonder if there will ever be an end to this situation. Different tactics are Continued on page 14

Once the fee is paid, the applicant is informed that the client has cancelled, and thereafter, they never contact the applicant again. They simply disappear


14

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

COVER

Govt agencies, NASS lead Continued from page 13 being devised by the perpetrators of this act and the farther they go in their execution, the more it seems the long arm of the law finds them evasive to reach. In a recently reported incident, investigations had indicated that a syndicate of fraudsters who claimed to be working for some top shots in the Ministry of Education Post Primary Schools Board, and Civil Service Commission in a particular state were demanding N50, 000 per applicant to facilitate automatic employment. Similarly, some desperate Nigerians who applied for the Rivers State Governmentâ&#x20AC;&#x2122;s 10,000 job vacancies had fallen prey to swindlers, it was reported. One of the victims, who gave her name as Chidinma, disclosed that the tentacles of the syndicate had spread to various parts of the country, particularly, the South-East and South-West geo-political zones of the country. Chidinma, who is an indigene of Imo State, revealed that her friend who also applied for the advertised positions informed her that a member of the syndicate asked for N50, 000 and assured her that if she provided the money, she would automatically get the job. According to her, they were working for one of the â&#x20AC;&#x2DC;big men in charge of the recruitment.â&#x20AC;&#x2122; Chidinma explained that even though she was desperate to get the job and to also work in Rivers State Civil Service, she became skeptical and refused to fall prey to the antics of the con men. Another woman who teaches in one of the public secondary schools in Port Harcourt equally revealed that her son who applied for the job demanded N100, 000 from her to enable him settle somebody who promised to get him automatic employment. The teacher, who pleaded anonymity, further said her son claimed that some of his friends had also paid and had been assured of getting employment in the state. It was revealed that those falling victim were mainly desperate applicants

from outside the state who were zealous of getting employment in Rivers at all costs, and who feared that their paper qualification and experience might not be enough to get them the job. The Rivers State Civil Service Commission had explained that competition for the advertised 10,000 job positions was open to all Nigerians irrespective of the state one came from. This stand of the government, it is believed, opened the floodgates for job hunters from outside the state. Responding to the incident, a director in the ministry who pleaded anonymity said, â&#x20AC;&#x153;It is not unlikely that con men will want to take advantage of the opportunity to defraud innocent applicants.â&#x20AC;? He explained that no person in any of the offices concerned with the employment would want to get involved in the racket, and had advised any applicant approached by the racketeers to report to the ministry or the law enforcement agencies for appropriate action. He urged applicants to believe in their personal efforts and prayers, and avoid falling prey to the fraudsters. â&#x20AC;&#x153;Some of the fraudsters, I tell you, may not know where Rivers State Ministry of Education is but they will claim heaven and earth just to dispossess unsuspecting and gullible applicants of their money,â&#x20AC;? he remarked. Meanwhile, in a documented case, an Onitsha Magistrate Court presided over by Chief Magistrate M.O.N. Okonkwo had ordered a swindler, Anayo Okafor, 34, to be remanded in prison for defrauding a sales girl of N2.3 million at Bridge-Head Drug Market, Onitsha, Anambra State. The Chief Magistrate also heard that Okafor, who had confessed that he operated from Obibi-Ochasi community in Orlu LGA, Imo State, also swindled three other sales girls at different occasions of various sums of money ranging from N800, 000 to N2.3milion. Okafor, however, pleaded not guilty to the two-count charge brought against him. The Nigerian Senate had, not too long ago, blown the lid on how top managers of 13 Federal Ministries,

Chairman of the Federal Character Commission (FCC), Shuaib Oba Abdul Rahman



Departments and Agencies (MDAs) colluded with outsiders to run illegal cash-for-job rackets in their organisations. The MDAs include: Ministry of Interior, Federal Airports Authority of Nigeria (FAAN), Nigerian Airspace Management Agency (NAMA), Independent National Electoral Commission (INEC), National Examination Council of Nigeria (NECO), Joint Admissions and Matriculation Board (JAMB), Nigeria Civil Aviation Authority (NCAA) and Nigeria Meteorological Institute. Others are: Nigeria Security and Civil Defence Corps (NSCDC), the Federal Road Safety Corps (FRSC), Nigeria Immigration Service (NIS), Nigeria Customs Service (NCS), and the National Youth Service Corps (NYSC). Chairman of the Federal Character and Inter-Governmental Affairs, Dahiru Awaisu Kuta, said the Senate had been inundated with lots of petitions from victims. The Senate president, thereafter, had mandated the Federal Character and Employment, Labour and Productivity Committees to investigate the scam. He said, â&#x20AC;&#x153;There have been complaints of lopsidedness in the recent recruitment in our Paramilitary organisations, including the Nigeria Security and Civil Defence Corps (NSCDC), the Federal Road Safety Corps (FRSC), Nigeria Immigration Service (NIS), Nigeria Customs Service (NCS) etc. In particular, it is alleged that the latest recruitment into the NIS had been substantially from one geo-political zone. â&#x20AC;&#x153;There are complaints of abuse of the federal character principle in the recent employment at the Federal Airports Authority of Nigeria (FAAN), Nigerian Airspace

Management Agency (NAMA), Independent National Electoral Commission (INEC), National Examination Council of Nigeria (NECO), Joint Admissions and Matriculation Board (JAMB), Nigeria Civil Aviation Authority (NCAA) and Nigeria Meteorological Agency, etc. Records available to us show that in 2011 alone, the NSCDC discovered well over 500 illegal recruits,â&#x20AC;? he said. â&#x20AC;&#x153;They indicate that these had been flushed out and were being

Here, an illegal recruitment syndicate had defrauded innocent candidates with the connivance of some     of the NCS. It has also been reported that the NCS had discovered the complicity of some commercial banks


15

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

COVER

as recruitment scams thrive

prosecuted…This was after discovering fake appointment letters in their files. Some officers and men of the corps had been discovered in this scam. Recruitment scam had also been reportedly discovered at the NCS. “Here, an illegal recruitment syndicate had defrauded innocent candidates with the connivance of some officers and men of the NCS. It has also been reported that the NCS had discovered the involvement of some commercial banks and some NYSC members who connived with these fraudsters to open accounts which are being used to defraud jobseekers.” While opening the public hearing, Senate President, David Mark fingered heads of MDAs, the military and Para-military as worst culprits in the cash-for-job scam. He bemoaned a situation where heads of MDAs employed their relations and jettisoned federal character and merit. “We are generally concerned about the issue of job insecurity in the MDAs. Similarly, we are concerned that people who have found themselves in position of authority think first about their immediate relations, other extended family members and not the best and the most competent. “Most heads of federal establishments secure for their relations unwarranted advantaged favour which they are not ordinarily legally or morally entitled to. This is a manifestation of a corrupt society where there is no equity or fairness. Heads of ministries, departments, agencies, military and Para-military organisations are all guilty of this,” he lamented. Chairman of the Federal Character Commission (FCC), Shuaib Oba Abdul Rahman, had informed the Senate that, “the Ministry of Interior

opened a website and directed people to deposit their CVs there without indicating what position they were applying for. That kind of action will drive these young men and women into the hands of fraudsters.” The sources of the so-called employment scam fall into two categories. They are by whatever name illegal and therefore subject to prosecution under the criminal law of Nigeria for anybody found guilty. “Now, MDAs that are engaged in recruitment cause these problems by practicing what we have identified as clandestine recruitment exercise without due consultations and in non-compliance with the guidelines provided by the Federal Character Commission. Some of the employing agencies hide under the guise of recruiting casual staff, temporary staff and engage in replacement of substitutes. “By whatever name called, these are also recruitments and, therefore, they are subject to the extant guidelines of the FCC but where agencies have failed to do this, of course they open the gates for opportunists both within and out of the system which they operate. As far as recruitment scams go on within the organizations, there are few people who, as a result of greed or lack of patriotism want to exploit the very delicate circumstance of Nigeria. Now, we must call on the law enforcement agencies to collaborate with those who are recruiting to fish out these kinds of people for punishment”, he said. In a related development, however, the Minister of Interior, Abba Moro, disturbed by the unfortunate incidents, had promised to offer “automatic employment’’ to any applicant with information linking government officials to the alleged money-for-job scandal in his ministry. Moro announced the reward in Abuja during the Senate’s public hearing on employment irregularities, abuse of federal character and money-forjob scam in Federal Government establishments. He said till date, no one had come forward to name officials allegedly involved in the scam in spite of complaints over recruitments in establishments under the ministry. He said the arrest and prosecution of government officials allegedly involved in the job scam would serve as a deterrent to others. The minister also denied allegations that the ministry had created a job recruitment website that aided recruitment scam. Moro said the NSCDC had recently arrested some persons involved in the money for job scam and that some had been jailed. “The records are there for everybody to see. The Ministry of Interior under my watch has not been engaged in any unwholesome employment. We have made very strenuous efforts to ensure that we do not short-change Nigerian unemployed youths. I have said time without number that it is criminal for anyone to take money to employ unemployed youths,” he said. The minister also alluded to the recruitment crisis that rocked the Nigeria Immigration Service (NIS)

last year. He said the recruitment was stopped because of the interim report he received in the process leading to the exercise. He said till date, no recruitment had been carried out for the 4,500 vacancies for which the NIS received a waiver from FCC. “We are waiting for the conduct of this exercise so that we renew our approval to re-conduct the process for engagement into the NIS,” he said. Also, following increased activities of illegal recruitment syndicates, the Nigeria Customs Service (NCS) had continued to warn members of the public against the activities of these relentless criminals who used the name of the Service to defraud unsuspecting job-seeking Nigerians. The recent call came barely two months after the Service had paraded 11 members of suspected recruitment syndicate arrested at various locations in Owerri, Sokoto and Abuja in an operation that was conducted in collaboration with the Independent Corrupt Practices and other related offences Commission (ICPC) , and forensic experts from Canada and the United States (US). The unusual effort made by the NCS to crack down on these suspected illegal job syndicates was commended by industry analysts who urged other government agencies whose names were frequently being used to defraud innocent job seekers to emulate the Customs. The suspected fraudsters were nabbed and paraded after a painstaking investigation by operatives of the NCS with support from forensic experts from the US and Canada as well as support from the ICPC. They were duly interrogated. Unfortunately, according the Deputy Comptroller-General (DCG) of Customs in charge of Human

Also, following increased activities of illegal recruitment syndicates, the Nigeria Customs Service (NCS) had continued to warn members of the public against the activities of these relentless criminals who use the name of the Service to defraud unsuspecting job-seeking Nigerians

Resources Development, Garba Markafi, while those arrested suspects were undergoing interrogation for a possible prosecution, other criminal elements had continued to use the cyber space to defraud innocent Nigerians, promising jobs and nonexistent auctions. “They provide false information that has misled individuals to embark on dragging the person of the Comptroller-General of Customs, Dikko Abdullahi, into what they call Continued on page 16

Senate President, David Mark


16

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

COVER

Con men on rampage, as job seekers taste bitter pills of fraud Continued from page 15 ‘nepotism’ in a so-called recruitment exercise,” Markafi said. He explained that the suspected criminals had used the name of the NCS to open various fake websites in addition to fake Facebook accounts in the name of the ComptrollerGeneral, which contained fake names of recruited candidates allegedly awaiting training by the Service. Whereas the real website of the Service is www.customs.gov.ng, the fraudsters, he explained, had opened websites such as www.jobs.customs. gov.ng; www.nigeriacustomsservice. net;www.nigeriacustomsservice.org; and www.customsng.com. Markafi called on members of the public to disregard all information from these fake domains, alleging that the Service was recruiting and warned job seekers not to visit any of the listed sites as they were fake addresses used by impostors with the aim of defrauding them. The DCG, however, noted that the NCS had identified some commercial banks that operated these accounts, adding that they were being engaged to track down the owners of the accounts even as he urged that the banks should, in line with the Know Your Customer (KYC) policy, always verify from the Service’s headquarters if it was behind any account opening using its name. In a recent debate in the Senate on the employment scandals in government agencies, there were suggestions in some quarters, that the lawmakers may be culpable in the matter. The story told on the floor of the Senate by Senator Ali Ndume raised the question of credibility of the investigation by lawmakers into the recruitment scandals in some MDAs. Ndume and his colleagues in the Senate used the opportunity offered by the consideration of a motion on the employment irregularities in the Nigerian Immigration Service and other MDAs sponsored by Abubakar Bagudu, to relive their

Typical dubious job ‘advert’

Interior Minister, Abba Moro

sordid experiences. It was a tale of a systemic failure from which public officers in the country would find it hard to exonerate themselves. Attempting to paint a gory picture of the evil practice, Ndume gave a narrative of how he was made to part with N200, 000 in an attempt to secure a job for one of his constituents. He said the individual was a graduate of Geography, who had been in the ‘labour market’ for four years, but had resorted to taxi driving following the failure to secure a paid employment. According to him, this young graduate had approached him with a request of N200, 000 to meet the demands of officials of a certain federal agency that was conducting recruitment. He said he acquiesced in the young man’s request only for him to return that the amount for the job had been increased to N400, 000. The said graduate, according to Ndume, returned the money, when he could not raise the balance of N200, 000, resigning himself to taxi driving in the city of Abuja.

Comptroller General of Customs, Abdullahi-Dikko

In December last year, when the budget of an MDA was being considered, Senator Bukar Abba Ibrahim raised an embarrassing issue. He had accused the agency of failing to honour the list of candidates for employment which he had sent to it. According to him, the agency only managed to employ one of his daughters, who subsequently abandoned the job for undisclosed reasons. Senator Ibrahim’s narration underscores the lawmakers’ persistent overtures to the MDAs regarding employment. Some chairmen of committees have a long list of unemployed persons and their curriculum vitae from their constituencies, which they make available to the agencies over which they have oversight for possible employment opportunities. Even lawmakers who do not head any committee also use their membership of their committees to seek advantage from the agencies they supervise to get jobs for their relatives, friends and members of their constituencies. Another practice which came before the Senate was the issuance of letters by senators and members of the House of Representatives to job seekers, introducing them to the agencies for employment. The practice of securing a letter of introduction from lawmakers to agencies of government for employment dates back to the restart of democracy and the reopening of the National Assembly in 1999. This practice is founded on corruption, as agencies honouring such letters often use same to get favour from the lawmakers when it was time to get their budgets passed or run into problems during oversight visits. Investigations have it that the volume of letters leaving the National Assembly to MDAs for either employments or contracts is unprecedented. The bulk of visitors to the National Assembly are simply

In a recent debate in the Senate on employment scandals in government agencies, there were suggestions in some quarters that the lawmakers may be culpable in the matter

seeking opportunity of seeing a senator or a House member to get a letter of introduction to accomplish certain purposes. President of the Senate, David Mark, alluded to this fact when he said he often did not give out letters. According to him, those who had approached him for letters often came back to say that the officials of the agency where he or she had gone to look for job would require that he made phone calls to them to confirm the letter and when he demanded for the name of such official, it would not be given as they would fear that the job might eventually not get to them for revealing the names of those making the request.


    

 

    !   [#G 

  ;"XG<?  'ZG [X<#X"GG"!Y"\\   

[#G 

+*+*?<& &'*+;*<=<>" '="!& #'?G&+*+X 'G\='G'?#G+? '?!=Y [#G 

[#




        



  

      

                                           ! " #$  %&  !'      !    '     ! ($  )           $  *+ '       $  !& ,    !",   ! '              . * /          ! &   0     " /  ''! '

   !    ! 

            !   '

   *+ 

     $ 

       .     !               $     '    !+'  12/#3#4/*#5  6



*> %(> )+&&())> ž> -*> ž%+> ""> (%$"*%$ > ,$*+""žŸ> ,(ž%ž> -""> %> )> %(> (> %-$> -ž > > #%)*> #&%(*$*>*$>)>**>%$>)%+">,> > "(> %$)$> **> *> #*%$>  > %$*> (> **> *> > )> $> %> > &%"*"> &(*ž> %)> $%*> %#> (%#> *%$") > > )ž> *)> +)> *%)> %$  > #> &(&(> *%> > &(*> %> *%)> -%> (> %$,()$*> -*> %-> &%"*"> &(*)>(>#$>$>%($)>,> -%> ",> **> -*> )> #&%(*$*> %(> "(ž> $,)> **> )+> &&$$> *> > "()> $%-> )> *%> %$)%"*> *)> &%)*%$> )> *> $+#(> %$> &(*ž> $> %+">%+(>$>  %+> $$%*> )*%&> *> #*%$> %> (>$>*>"()*>$>( >"> &%&" > *> )> $,(> > (# > +*> -$> "%%!$>%(>(%$"*%$>*%>)>>*)> #*%$> %#)> $%($*> $> %)> &%&"> $> %#> !> -> > %+*Ÿ> $%*> ,> *> (> %> %> $> *)> %$*$*Ÿ> -> )%+"> %> %$> -%(!$> )> > &(*ž > *$>*>%#)>>$%+)>(#>$)*> $>->%>**Ÿ>->,>$>">*%> +#$*ž >%#>%>*)>""%-)>-$*>*%> %$)%"*> %+(> &%)*%$> %(> ¨©ª«> $> > &()$*> $> *ž> ,> *> (*> *%> &(&(>%+(>&(*ž>$>%(>*>"*%$)         

-$*> *%> > &()$* > +*> *ž> ,> $%> (*>*%>",>**>*ž>,>*%>)*(%ž>   > (*>*> %> *(> &(*ž> +)> *ž> ()*(*%$> %> *> > -$*>*%>>&()$*  )> -*> *>  > > $> %$"žŸ> *> &%&"> ))+(> ž%+> **> *> )> -%> -$*> *%> %(#> *> -*> *>  > ,$> > *> $-> > ,> *> (*> )> $%*> -*> *> Ÿ> > *%> %(#> *(> %-$> &(*ž> *> )> -*> $ž%žŸ> *> )> > *ž> (> *(> %> *>   )%"+*"ž>+)"))>*%>**>  > > ($> %$)**+*%$> +($*)> !" &()%$>+)>*> > )> (%()> %> -$> *> (%#> %> #%,#$*Ÿ> #$#! ))+> %+*> *> (*>*> (%#> %> %> $> %> ()*(*%$ > %Ÿ> **> )%Ÿ>*ž>$>%(#>>&(*ž > %#$#& ž%+> %"> *> &&(> %)> +*>*ž>,>$%>(*>*%> "!!'*' $%*> #$> **> ž%+> (> Œ>#&*> *%> %> *> """> *> "*#*> %ž > +*> +)>%(#$>*>$-> !% >$>))+(>ž%+>**>*> >)>$>""">”>(  >*> %> ()*(*%$> > $&$$*> #$#+/" (* )>-*>*>  *%$"> "*%("> !"% ,$> )> **Ÿ> %##))%$> ; <Ÿ> )> "*> #> > ,(ž> "(> *%> $>*)>(%(>*>*>**> #$#0! ž%+Ÿ> > %$*> !$%-> -*> > -)> ()*(> $> %"*12*0 #%*,*> *)> ž%+$> $ž%ž> )ž$> **> > *%> $$%+$> -*> )> %(#$> $%*(> > !1!3'3* #$> *ž> Ÿ> +)> ž> !$%-)> > )> %&(*$> %+*)>*>"-)>%> > '!3!! %$>)%Ÿ>*ž>,>)*%%> )*%(ž>%$>*> >(> **> ,)> *>  > *> 4!"1'! )> > &%&+"(> )ž$> **> &%-(> *%> (+"*> *> *%)> -%> %> $%*> "($> *,*)> %> &%"*"> &5+6! (%#>)*%(ž>(>%%#> &(*) > &&($*"žŸ> *)> 2!%" *%> (",> * > &&($*"žŸ> )>-*>*)>&%&">  )> $%*> > )$"> >-$*>*%>)>*#>!> !!'2' *(> .#&"> $> ()> $> *> &(*ž> > &%))" > &%"*"> &(*ž> )ž)*#> > -$*> (%$"*%$ >  -(> > (,%"*> $)*> &> #> -%"%-%> !" $> .)*$> &%"*"> *%">+)>)%#*$>-> &(*ž> )> )+ > > -""> $,(> %(* > (% >ž%>*>>*>$>*> > )> %$> ())> )*> $> ª6«¬> $> " >> ,"%&)> $> > &%"*">

-> %> "))> &(*žŸ> *> )> >$*> **> ##%(ž> $> "%+$> *> ())> $$%*> >       

      

  

      



> *> $)*> !> ; $#> £!-<> $>  > $> *ž> " > &>    > !$*%"Ÿ>*>#)*(>%(*%(>>*>$)*> *>"()&>%>*%$>(%+&>$>&> #> -%"%-%> $> " > " > +!(> #> > *> $)*> #$+>

$%> $> " > %$Ÿ> #ž> ($> -%> %$*)*>%$>*>&"*%(#>%>*> >$> *%)>ž)Ÿ>>*>$)*>£(>(#> %>*> >$>"  $>ž%+>",>*>)%()>%> (> $>%>*%>$"$Ÿ>*(>-)>>*#>*> %+(>(*ž>&(%+>-*>-)>""> *>$>%>%+(>$>*ž>(%!>-ž>*%> %(#>#%(*>(*ž>%(>)%#*$>"!> ** > ,$*+""žŸ> *ž> #(> -*> *> (")>*%>%(#>*> (">#%(*> (*ž> *ž> ,> $%- > +*> *ž> > $%*> )+> $> *%$")$> *> &(*ž > > (##(>%$>,(ž>&(%()),>-%#$> -%>-)>>#"*$* >>-)>%+)>$> > $> *> &)*Ÿ> "> )%> #$ž> &%"*"> &&%$*#$*)Ÿ> )> -$*> -*> *> $> %>%+(>$>*ž>"  > ž%+$> #$> -%> ,> %$> *%> $$%+$> *> $-> > )%+"> ,> ""%-> *#)",)> *%> ,> "($*> +)+">"))%$)>(%#>-*>>&&$> $>*>&)* >+*>*ž>>$%* >$>$ž>)Ÿ> "!> > )Ÿ> ž%+> $$%*> )*%&> *#> (%#> %(#$> > &(*ž > ž> $> %> $> %(#> -*,(> &(*ž> *ž> -$*> *%> %(# > +*> -> #+)*> *""> *#> **> *ž> #+)*> $%*> &(%(#> *> """> ž> %$> *%> %(#> -*>*ž>"">>$->Ÿ>->)>$%> (",$>$>$ž>&"  > *> )> **> *ž> ,> "(ž> )*(*> %+(*$> ))*( > ž> )> *ž> "> > %$,$*%$ > > %$*> -$*> *%> )&+*> *Ÿ> +*> -(> -)> **> %$,$*%$> ":> $ž> %> *#> #> *%> *> #$> %$,$*%$> %> *>  > ž> (%*(Ÿ>"+$)%ž>ž$"%"Ÿ>-%>-)> $> *> %$,$*%$> -*> +)> &(*&*> $> ,%*$> %(> )%#> %> *> &%&"> -> ,%*> %(> $> **> %$,$*%$ > ž$"%"> *%%!> *> > *%> %+(*> )ž$> *> &(*ž> #+)*> $%*> %$+*> "*%$> $*%> *> &%)*> %> )(*(ž > > %*> $> $ +$*%$> $> *> > )> > "-> $> &(*ž> %ž> *>(+">%>"->$>*(>-)>$%>%$*)*>

%(> *> &%)*%$ > > -)> > $*> %(> *> &%)*> %> )(*(ž> $> -> -(> *%"> **> -> $$%*> %$*)*> %(> *> &%)*%$> +)> *(> -)> $> $ +$*%$ > +*> ž$"%">"§>>*>%$,$*%$>(%+$>**> ž>$>$>+&>*>*>(+>$*(> $> #> )(*(ž> %> *(> $-> &%"*">&(*ž >%->%>ž%+>.&"$>**> %(>%)>)!: > )-> )%#> &%&"> $$> *> *> %$,$*%$ > &&($*"žŸ> *ž> "> $%> %$,$*%$ > $%> $> -> "*)> -(> $$ > > $,(> !$-> **> *ž> -(>+&>*%>)%#*$ >ž>$>$> #%,>%+*>%>*>%$,$*%$ >>$*> !$%-> -(> *ž> -(> %$ > +*> *ž> -(> &()$*> *> *> %$,$*%$ > > '+)*%$>>-$*>*%>)!>*#>)>*)®>$> ž%+>!$->ž%+>-(>%$>*%>$$%+$>> &("""> Ÿ> -ž> > ž%+> %#> *%> *> %$,$*%$> %> *> %($"> :> ž> >ž%+>%#: &&($*"žŸ> )%#%ž> -)> %%"$> )%#%ž >+*>->-(>$%*>%%" >%#> %>*#>-(>(""$*>)*() >*>&$)># >> ,> ")*$> *%> +"> #%)> )&> -(>>)>>-)>$%*>%$>*%>",>  > ž> -$*> *%> #!> *> "%%!> )> > *> > %(> *#> %+*> %> *> &(*ž > > -""> $%*> %(> $ž%ž> %+* > $> #%>)>>-"">$%*>",>*>&(*žŸ> > +)*>"+ >*>)>>&%"*">)**#$* > +*> #%>)>>(""$*>#$ >>$$%*> $ž>** >>)>>>()*>"))>&(%()),> "(> $> *)> %+$*(ž > > *> *%> )> #%>*(>+)>>%)>$%*>"%$> *%>**>(%+& >>>)ž)>>-"">$%*>",> Ÿ>>#>*""$>#>**>->%>*>> -""> $%*> %(> #> %+* > ž> -""> %(> *#)",)> %+*> $> *ž> -""> *""> *> -%("> **> *ž> %(> *#)",)> %+*> %> >%)>%>+)>-%>(#$>$>> (>%$>*%>%">%$>>(#"ž>*%>%+(>&(*ž> $>$)+(>**>->#$*>%+(>.)*$> -*> *> ($> &%&"> -%> ,> +)> *>#$*>$>->%>$%*>-$*>*%>&(*> -*> *> ($> &%&"> +)> *ž> (>&%"*""ž>,%"*">$>&(%()),          

       

 




        



        

>,(>)$(>!'(>)>()>$>!* >#> )'>((#"#)6>>*)>)'>(>>%$')$#> $> )> !> ))> (.(8> #)$> ).(!7> > *()6>$">$>)>!'(>$>)>%').>+> )$> ( > )"(!+(> ))> &*()$#8> '> ).> )*!> )$> )> '$#!)$#> ).> '> $#9> '> ).> $#()> ,)> )> '$#!)$#> ).> '> $#9>'> ).> #*#> #> )> '$#!)$#> ).> '> $#9 > %%'> '%$')> ))> ($"$.> ,(> $#>)$>'#>(> $>)$>>)> ')'.> $> )> %').6> > *()> !*6> $>(>>""'>$>)>$'>').> #> .$*> ,#)> )$> $> #> '#> "6> > )> (> )'*7> (> ))> %')> $> '$#!)$#9> > '> #$)> &*''!!#> ,)> $6> > !ยง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

>#((> (> )'"> #> 1/05> .> )> '> $> $7> )> %'(#.> "*()> $> )$> )> $')6 %#! #! '#! '! '! ##! ! #! ## > ()> ,!!> ,)6> )> ,!!> > )> )*'#> $>)>()>$#>.6>>.> >">(.#>)> ($*!>$>)$>)> $')>(>))>)> $')> (*ย”>'> > () > ,#> '(#)> '<*>6>)>,(>)'>(!$)6>>*)> > > (> > '(*!)> $> !"#)6> $7> > )> $(> )$> )> $')7> )> $')> (%#(> )>.'(7>)>#>)#>$>)$>)>()6 $'> -"%!7> )> ,!!> > %'%$()'$*(> $'> #.$.> )$> (.> ))> )> $'*> ($*!> >)> $'> )> %'(#.6> > +> > $*'> )*'#6> (#$> (> *(> $*'> )*'#6> > ($*!> !!$,> $)'> '(> )$>+>)'>)*'#6>>'>$#+#>#> > ))> $#)#> ($*!> '=$#)()6>> > ,(7>,$>'>%')>$>)>"#$')(7> '> '*!#> $'> )> >'()> )"6> > "*()> +>)">)>$#>#>))>).>+> %$%!>(*%%$')#>)"6>$7>%%'#)!.7>

$#)#> (> ()> ยก)$> $#)()ยข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

#! #! .%.'! #! !"'!'"/!'! ! '#)! ! #'#! ! "'! '"/! ! '!#)! '!"!.#!"#!! #!#'#!'!#!'##%#!'! $$!!'"/!#!#') )> (> #$)> $'')6> > #> ((*'> .$*> $*)> ))6> '> (> #+'> #> #.> *!>%'$#$*#"#)>)$>(.>>##$)> >(,$'=>#6>>((*>(8>>,(>(,$'#= #>)$>$#)#*>,'>'<*>()$%%6> > "#> ,#)> $'> !)$#> !"$()> > .'> #> ),$> "$#)(> ยง>'7> $'> (> >'()> )'"> #> $~ >>6> )> (,'#> $(> #$)> (.> ))> .$*> ##$)> $> ($> )'> )"(> $'> ,)($+'6> )> %#(> $#> )> !!>

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ยŒ>#> )6> )> ,$*!> +>#>(>$,#>"6 *)> #> ')#7> > > $#('+)+> (> #> %$,'7>)>#>>#>%$,'>$'>##>.'(6> -%)> > )'> (> "$+"#)> ,)#> (> %').>)$>'"$+>"6 '>(>>'$*%>$>%$%!>#$,>#>)> #)> ))(> ,$> '> (.#> ))> ยง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ยŒ>> )> )$> )> +'.> #> $> )'> !+(6> %> (8> !!$,> )"> )$> $#)#*> #> ,#> ).> >#(>.$*>,!!>>'>)$> $">#>$#)()6 > > > $#'#> )> )> )$#!> ')(> )'7> #"*> #> )> "> ($> !$$.6> $"> %$%!> "> )'> )$> $"#)> )'$*!6> *)> %> ()$$> (> '$*#6> %%'#)!.7> ,> ,#)> $'> !)$#(> #> #'!.> !!> )>$+'#$'(>"> 7> -%)> "'$(> !!7> ,$> !$()> )$> "*> $> )>  > #> $!> > )$> !*#!$.$> $> )>  7> *(> )>  > "#%*!)> )#(> )'6> > !)> (>  #!$.> ,(> )$> #(*'> ))>)>  >,$#6

)> (> "%$')#)> (> ))> ,> ($*!> ()!(> "$'.> #> '6> #> $> )> ,.(> $> ()!(#> "$'.> (> )$> (.> ))> *#!((> )> %').> !+(> ))> )> $+'#$'> (> #$)> %'$'"> ,!!> $'> )> %'(#)> (> #$)> $#> ,!!7> ,> ($*!> !!$,> )"> )$> '*#> $'> ($#> )'"6> '$+> > %'$'"> ,!!> *'#>(>>'()>)'">#>$~ >>6> )>(>%*!> $%#$#> ))> )'"#(> %'$'"#> $> $+'#$'(6> > > $+'#$'> $(> $*)> )$> (> )> %$%!> #> > (> ()$#7> .$*> #$,>>(>#$)>%$%*!'6> >'>)>#>> ''#7> %$%!> ,!!> >#> )> -)'"!.> ~ >>*!)> )$> $'#(> #()> > %$%*!'> $+'#$'6 '! #! $#! #! '! ! ##!'#'!!!#'!"!%! #!%#$!!7 > %'(> (> (#(> $> ()$'.6> > "> #$)> (.#> )(> *(> > !$#(> )$> )> ("> %$!)!> %').> ,)> "6> > "> (.#> )> (> > '#> $> $+'> 4/> .'(> ,$> (> $)> -%'#> #> %').> $'#()$#6> > (> #+'> $ย”>#> )> %$!)!> (#(!).> $> )(> $*#)'.6> > '> > "*!)=)'!> $*#)'.6> > '> > "*!)='!$*(>$*#)'.6 $#!.7>!)>)>%$%!>(.>,)>).> ! 7>))>>(>" #> '#>!,.> $$%')$#>*#)$#>'#(>".>'(%)6>> > ,(> > $'"'> #()'> $> '#(%$')> #>+)$#>#> > #$,>+'.>,!!>))> )> ')()> %'$!"> ))> )> '#> !,.> > #> )$(> .(> ,(> )> ((*> $> )> %$%!> +#> )'!'(> $#> )> '$6> .> $> #$)> !!$,> )'#(> )$> $> ,)> ).> ($*!6> > !!> )"> )',!'(6>.>"$+>$$(>#>%'$'"> )>*#)$#>)'#(>($*!>%'$+6 '> '> "#.> ,.(> ).> $> )'> )#6> )> (> > ">6> .> '#7> (> ,$> *(>)$>>(')'.>$>)'>(($)$#> (>6>>,(>>#)()>$'#('6> > '!,.(>*#)$#>,!!7>).>,!!>>$*)> $> *(#((6> #> > ,(> > #()'7> (> (> ))> > > ,'> #$)> (> '#7> ).> ,$*!> +> #*)'!(> "6> > $,> )> )'#(>'>"$+#6

(!'!!'#(!#!%!%#'! $%7 .>6>#> >,')>".>$$ 7>.$*> ,!!> )> )> #> )!(6> *)> (> "> (*'> ))> > ,(> #$)> '"6> .> #'(> )'>)'#(%$'))$#>#>">(*'>))> $$(> ,'> ''> .> )'> "#> #> "> (*'> )> '!,.(> $#<)> "$+6> .> %)> $"#> )$> (.> )> (.()"> ,> '*#> $(> #$)> +$*'> )"6> > $%')>)>#''$,>)> (.()"6 %')> '$"> )> )'#(> ,$' #7> )'> (> "*> "%'$+"#)> #> $*'> !)').6> %')> '$"> ))7> .$*> $#('> )> )>))>#+()$'(>'>()!!> $"#> )$> )> $*#)'.> (%)> $> $ $> '"6> > ยŒ>!> #()> $ $> '">(>(*#6>> (> > ,#)> !$*> *(> ).> '> '#(>#>>,#)> )$>)! >)$>)"6>'>'> ($> "#.> )#(> .$*> #> $#('>$*)> $#)#<(> "#()')$#> ))> .$*> #> (.8> )(> "#> (> %'$'">#>)'$'7> ($*!> > +#> #$)'> )'"> )$> >#(> ,)> > (> $#6 '> (> "%'$+"#)> #> '*!)*'7> *)> > ,#)> "> )$> #(*'> ))> '#(> '> !> )$> +> )'> (&*'> "!(> $#> )> )!6> )> (> +'.> "%$')#)6> > (> #'(> )> !!$)$#> )$>'*!)*'6

     7 7   7          8          




        





         

ยงย›'ย› )ย› '#)ย› '()')$#ย› $ย› )ย› !!ย› $%!(ย› $#'((ย› 9:6ย› .ย› )ย› #%##)ย› )$#!ย› !)$'!ย› $""(($#ย› 9 :6ย› -%))$#(ย› 'ย› ย›$#ย›,)ย›ย›"%)ย›)ย›,$*!ย›ย›!ย› )$ย›" ย›$#ย›)ย›%$!).6ย›(%!!.ย›(ย›1/03ย› #'!ย›!)$#ย›%%'$(5ย› ย› 6ย› "ย› #)$ย› -()#ย› $!!$,#ย›)ย›"''ย›$ย›)ย›)'ย›*#)ย› "$'ย› %$!)!ย› %')(ย› #ย› )ย› $*#)'.5ย›ย› ย›%')(ย›'7ย›)ย›)$#ย›$#'((ย›$ย› 'ย›9:6ย›)ย›!!ย›'ย›$%!(ย› ').ย› 9:ย› #ย› )ย› $#'((ย› $'ย› '$'((ย› #ย› 9:5ย› ย› %').ย› !'(ย› %'$"(ย› )$ย› ) ย› $+'ย› %$,'ย› '$"ย› )ย› '*!#ย› $%!(ย› "$')ย› ').ย›9:ย›#ย›1/03ย›!)$#(5 $')!.ย› ยงย›'ย› )ย› "'#ย› $ย› 6ย› )'ย›,'ย›'%$')(ย›$ย›"%#ย›$ย›($"ย› ""'(ย›$ย›)ย›ย›#ย›$)'ย›%$!)!ย› %')(ย› #ย› )ย› $*#)'.6ย› )$ย› )ย› #,!.ย› $'"ย›%').5ย›'ย›'ย›#(#*)$#(ย›# ($"ย› &*')'(ย› ))ย› )ย› ย› (ย› %)!(#ย› $#ย› )ย› '((ย› ,)#ย› )ย› $)'ย› %$!)!ย› %')(ย› )$ย› ,$$ย› )ย› '+ย›!"#)(ย›)$ย›)(ย›"%ย›#ย›ย›ย› )$ย›$'"ย›ย›$'"!ย›$%%$()$#ย›#()ย› )ย›'*!#ย›ย›)ย›)ย›#)$#!ย›!+!ย›#ย› ($"ย›$)'ย›ยค$#)'$!!ย›())(5 #ย› #$ย› ))6ย› ,ย› (ย› $#ย› $ย› )ย› )')ย› ())(ย› $ย› )ย› 6ย› )'ย› 'ย› (#(ย› ))ย› )ย› ย› #ย› )ย› '*!#ย›

$*'ย› ').ย› 9 :ย› ".ย› !$(ย› ($"ย› $ย› )'ย›""'(ย›)$ย›)ย›5ย›ย› #)!.6ย›($"ย›ยงย›#(ย›$ย›)ย›6ย› !$#ย›,)ย›)'ย›(*%%$')'(6ย›##$*#ย› )'ย› ($#ย› )$ย› "%ย› '$"ย› )ย› %').ย› )$ย› )ย› #,ย› 5ย› ย› ยงย›#(ย› ))ย› "%ย› #!*6ย› )ย› $'"'ย› ')'.ย› )$ย› )ย› ))ย› $+'#$'6ย› '5ย›ย› (ย›  " 6ย› $'"'ย› '"#ย› $ย› !ยค!*$? ย› $ย› $!ย› $+'#"#)6ย› '(5ย› )*#ย› *#%6ย› #.ย› !6ย› *#ย›! 6ย›'$5ย›!*ย›$!*,$.6ย› '5ย› *#ย›!%ย›#ย› '5ย›!)*#ย›"5 'ย› '($#(ย› $'ย› *"%#ย› )ย› %').ย› ,(ย›#$)ย›*#$##)ย›,)ย›)ย›!'(%ย› '((ย›))ย›(ย›#ย›'$ #ย›)ย›%').ย›$'ย› ($"ย›)"ย›,ย›(ย›#$)ย›#ย›'($!+6ย›ย› (%)ย› $ย› +'$*(ย› '$#!)$#ย› ")#(ย›!ย›.ย›() $!'(ย›5 ย›())"#)ย›((*ย›#ย›(#ย›.ย›)ย› "%(ย›(7ย›ย›=ย›+ย›$#(()#)!.ย› (%$ #ย› )ย› )'*)ย› )$ย› )ย› %$,'ย› ))ย› 6ย› #ย› )ย› ย› #ย› ย› ย› )$ย› '!(ย› )ย› )'*ย› ((#ย› $ย› )ย› $#($*(#((ย› #ย› $#(#ย›$ย›$*'ย›'$*%ย›,)ย›!ยŒย›!ย›$'ย›#$ย› (*((5 =ย› +ย› ย› ~ ย›ย›*!)6ย› *)ย› .)ย› !'ย› $ย›)$ย›" 5ย› )ย›(ย›))7ย›ย›ย›%''ย›)$ย› %)ย› $*'ย› )#)ย› ,)ย› )ย› %'$)$#()(ย› $ย› ยŒย›'ย› #ย› "$'ย› %'$(%'$*(ย› '6ย› ย› ('ย› $*#)'.6ย› ย› !((ย› $''*%)ย› $*#)'.6ย› ,)ย›ย›"$'ย›'(%$#(+ย›!'(%6>ย›)ย› )$'(ย›())5 )ย› ,(ย› !($ย› '!!.ย› )'ย› ))ย› ($"ย› $)'ย› ยงย›#(ย› $ย› )ย› %').ย› 'ย› ()!!ย›,'"#ย›*%ย›)$ย›$#ย›)'ย›$!!*(ย› )ย› )ย› 5ย› (ย› +!$%"#)ย› (ย› %%'#)!.ย› (##ย› ,'##ย› (#!(ย› )$ย›

 



)ย› ย› #ย› )ย› '*!#ย› $*'ย› ').ย› ()'#)ย›,)ย›))ย›$ย›)ย›5ย›ย›ย› #ย› )ย› ())6ย› ย› )ย› 1/03ย› #'!ย› 12ย› $+'#$'(ย› #ย› +#ย› #ย› ())(ย› ,'ย› ย› (ย› #$)ย› '*!#6ย› ,ย› +ย› $'"!ย› !)$#5 $,+'6ย› )ย› #)ย› $ย› )ย› %').ย› $%%$()$#5ย›  ย› #$ย› ))ย› $'ย› #ย›)ย›!()ย›$+'#$'(%ย›!)$#6ย›ย› #()#6ย› ,ย› ย› #ย› !)$#ย› )ย› $)'ย› !*($!ย›  ย› ย› #$)ย› (*('ย› )$ย› )ย› )"6ย› (%)ย› )ย› "((+ย› '#6ย› ,ย› !ย› ))ย› ย› (ย› #ย› )')#ย› .ย› ()!!ย› "ย› ($#5ย› ย› #ย› $ย› ))6ย› ย› )ย› #,!.ย› $'"ย› ย› (ย› ย› !'ย› (ย› )ย› ($#ย› "$()ย› %$%*!'ย› %').5ย› ย› #ย› ))ย›)ย›ย›$*!ย›#+'ย›ย›)')#ย› #"'ย›#ย›($"ย›$)'(ย›())(6ย›,ย›'ย› .ย› #.ย› %').ย› #ย› )ย› $*#)'.ย› #ย› )ย› ()!!ย›)ย›%').ย›)$ย›)5ย›$6ย›,#ย›.$*ย›%*)ย› !!ย›$ย›)"ย›)$)'6ย›)ย›ย›#ย›$)'(ย› #'()ย›*)*'5ย› ##$)ย› ย› )')6>ย› )ย› ย›'ย›))ย›)ย›ย› ย›ยงย›#ย›()'((5 (ย› ย› %').ย› ,)ย› ย› ()'$#ย› !ย›,!$"#ย›)ย› ()'*)*'ย› ))ย› #ย› #+'ย› #,!.ย›'()'ย›%').6ย› ย› (!.ย› )ย› .ย› #.ย› )ย› $'"'ย› )$#!ย› %').ย›#ย›)ย›$*#)'.5

!ย› +('ย› )$ย› )ย› % #ย› ,)ย› *#.ย›  ย› (ย› )ย› ,(ย› ย› ,(,)ย› '#)!.6ย›  ย› 3332 $$ย› )#ย› ))ย› ,$*!ย› ())ย› ))ย› =$#ย› ,ย› %*)ย› %%#ย› )$ย› )ย› #(#)ย› $*'ย› $*(ย› #ย› $''6ย› !!ย› 7 "$'.ย› $ย› )ย› $ย› )"ย› ,$*!ย› #$)ย› ย› ย› $*#)'.5ย› ย› #$)ย› ))ย›  )')ย› )$ย› ย› *(ย› )ย› $*#)'.ย› ,$*!ย› ย› )(ย› 'ย› %$!)!ย› %')(ย› 2 !ย›)$ย›"$+ย›$','ย›ย› *!)ย› '$*#ย› #+*!(5ย› )'ย›(ย›()'$#ย›')("ย›  #ย› 6ย› .$*ย› ##$)ย› (.ย› #()ย› )ย› %').ย› #ย› ย› $#)#ย› (ย› #$)ย› )'6ย› 12 %$,'6ย› ()'((#ย› ))ย› )'ย› ,!!ย› #$)ย› ย› 6ย› $'ย› )ย›+!$%"#)ย›,$*!ย› ย› (#$ย› (ย› #$)ย› )'6ย› 0 #'ย› )ย› ย› )'ย›,!!ย›#$)ย›ย›5ย›ย›*)ย›  *')'ย› .$*ย›#ย›(.ย›$ย›ย›))ย›ย› )$ย›,$' ย›''5ย› .$*ย› '"$+ย› #**ย› #ย› 1 ย›(7ย›= ย›"ย›$#ย›$ย› *'6ย› )'ย› ,!!ย› ย› #$ย› )$(ย› ,$ย› ,!$"ย› 7 ย› *(ย› )ย› (ย› *!)ย› )ย› +!$%"#)ย› $ย› '$*#ย› #+*!(5ย› #.ย›  '()')$#ย› $ย› )ย› !ยŒย›!ย› $#ย›)ย› ),#ย› 5ย› #.,'ย› ))ย› 7 )(ย› %$%!ย› ".ย› !ย› )$ย› )'ย› (ย› #$ย› ')("ย› )ย›"(ย›$ย›)ย›%').5 3 #ย› #$ย› $%%$()$#6ย› =%')ย› '$"ย› ))6ย› .$*ย› )'ย› (ย› $*#ย› )$ย› ย› ##$)ย› +ย› ,)ย› .$*ย› ย› !*'5ย› $()ย› $ย› $#<)ย› +5ย› #ย› .$*ย› )ย› -((+#((6ย› $"#ย›!!ย›$ย›)"6ย›).ย› ()!!ย› ##$)ย› $"%'ย› )'ย› )'#('(($#ย› #ย›

#(%!#ย›,ย›+ย›#ย›ย›)$.ย›".ย› ย›(ย›ย›'(*!)ย›$ย›! ย›$ย›!!#5ย›$,ย› ,)ย› )ย› $"#ย› $#ย› $'ย› $ย›6ย› )ย› ย›(ย›#$,ย›,'ย›))ย›)'ย›(ย›ย›()'$#6ย› +!ย› $%%$()$#5ย› (ย› ,!!ย› $"%!ย› ย› )$ย› %*)ย› (ย› $*(ย› #ย› $''ย› #ย› )ย› #(%!#6ย›"($#*)ย›,ย›'ย›+#ย› ,!!ย›#$ย›!$#'ย›ย›)$!')5> "!'!.6ย›($"ย›ยงย›#(ย›$ย›)ย›'*!#ย›

$*'ย› ').ย› 9 :ย› #ย› #$ย› ))6ย› 'ย› !($ย›()ย›)$ย›)ย›)$ย›)ย›6ย›$!!$,#ย› )'ย›!!ย›"!)')"#)5ย›ย› ย›ยงย›#(6ย›,$ย›ย›#$)ย›,#)ย›)'ย› #"(ย› #ย› %'#)ย› $'ย› ()')ย› '($#(6ย› (ย› ).ย› ,$*!ย› ')#!.ย› !+ย› )ย› %').ย›*#!((6ย›)'ย›(ย›ย›$'')$#ย›)$ย›)ย› !!ย›*#'#((6ย›"!#ย›#ย›;$#ยค "#ย› ($,<ย› ().!ย› $ย› )ย› ())ย› $+'#$'6ย› !*(*#ย› " $5 % #ย›,)ย›  6ย›$#ย› $ย› )ย› '+ย› ,(ย› $"%!#ย› ))ย› )ย› $+'#$'ย› (ย› #$)ย› #ย› 'ย› )$ย› )"ย›(%)6ย›)'ย›ย”ย›$')(ย›)$ย›#(*'ย›)ย› %').<(ย› +)$'.ย› *'#ย› %()ย› !)$#(ย› #ย› )'ย›+'$*(ย›!$!ย›$+'#"#)(5 =ย› ('+ย› ยŒย›'ย› )')"#)ย› #ย›

$*'ย›').ย›)#ย›,)ย›,ย›'ย›ยŒย›#5ย›ย› ย›+ย›#ย›,$' #ย›$'ย›)ย›%').ย›!!ย› )(ย›,!6ย›*)ย›)'ย›(ย›#$)#ย›('$*(ย› )$ย› ($,ย› $'ย› )5ย› ย› $+'#$'ย› (ย› #$)ย› *!ย›!!ย›#.ย›$ย›)ย›%'$"((ย›ย›"ย›)$ย› *(ย› (#ย› 1//4ย› ,#ย› ย› "ย› $#ย› $'5ย›ย› $6ย›,)ย›'ย›,ย›,)#ย›$'8ย›ย› )ย›(ย›ยŒย›'ย› $#ย›"$+(ย›,.ย›)#ย›)$ย›'$)ย›#ย›ย›%').ย›$ย› ,ย›%$%!6>ย›ย›(5 $'#ย› )$ย› "6ย› '+ย› ""'(ย›+ย›#ย›$!#ย›)! (ย›,)ย› ($"ย›#)$#!ย›!'(ย›$ย›)ย›ย›ยงย›'ย› ,ย›).ย›,$*!ย›" ย›)'ย›#)#)$#ย› #$,#ย›)$ย›)ย›,$!ย›,$'!5




        



          # ! &  %% !&$ ! $$)! ! * )(! !&! $ !% %%! (% %# !%#!#$$'$ ! #$$  !"#%)%&  !('$!#$  %% %) !( '  "%!# %) # !% ! )  "#!& !! &% !  %%   %') $%  &" %!  ) !%# "#%)! ! %%# !(  $& $! (%!&%    %%*  %$  $ %#'((% $   !% # ! !&$ !%% !  !#%! ! &%&#   !&#$$!$"!! !%#$$&$ %$%%*



                      %; %; (#&; !; "*!&2; ('; '; &; ; +; +#%!2; !; 3; *; '!;";'';; ;&';';'3;(';; ;!"'; !; '; &'; #"&'"!; '"; &(%; ,; "*!; #%"% !2 ;#,&;'!&;;);!;;'"; ";!;'!&;'';%;!"';)!;)&;%; '%;'";&;!;;);',;%;';&'; '&' "!,;'';;)2           

    %; %; &"; !,; !&2; !; "; ' ; &; ''; '%; %; !'%&'&; !; ,"(; *; &")%; ''; '9&; !"'; (&'; ; &'%'; '!2; "(; ); '"; "!&%; ; '&; !'%&'&;'";;;'";%%);';;&"!; '';*;&'&,;;%; "%',2 "(;!9';&'&,;2;;"'%;&#';&; '';"(%;#"#3;*";*;%; !;*&; "%3; "!9'; *,&; " ; (#; '"; ); !#('2; ,;%;!"';(&';!'%&'2;"%;!&'!3; ,"(;!)';&'"%&;"%;; '!3;!; %; ' ; "!; %'!; &&(&3; +#'!; ; "%!,2; %ยŒ;,3; ,"(; %,; '; '; (&; "; ; "; !'%&'; "!;'!&;"!%!!;' 2;,;;';&;  #"%'!'3; *%&3; *; !; '%; !#('; (&; *')%; &"!; *; %%); '3; *"(; ย”;'; ' 3; '%; %',; "%; !%',2; ; "'%; %; &; ''; "(%; #"#;"!9';)(;*';',;)2 )!; *'; ; '&3; ,"(; !!"'; '; (!'%,; &"!&3; )!; ; ,"(; ); ; ยŒ;%; "#!"!2; ; &(#%"%; %( !'; *; &'; #%); '; '; !; "; '; ,2; '; '; !"'; ; '; &(#%"%; %( !'3; '; ';!"';;'; "&';$(',;%( !'5; '; '; ; &(#%"%; '%; &; ; %&('; "; '; !( %; "; #"#; ''; &%; ''; %( !'2;';';!;";';,3;,"(;; ; ,"(; ); ; )%,; ""; "#!"!; !; ,"(; *"%; &&("(&,2; "3; ,"(; ;!; "('; ''; '; #"#; %; !"'; '"!; ,"(%; !; "; '!!2; ; '&; %"#; "; #"#; !; '; "%',3;,"(;*;(&';&;'';,"(%;)&"!; &;(&';;,!;*,2    

  

   ; *"%&; "!; &"; %; %; !; ย”;%!'; *,&2; ,;&&! !';!;';"(&;&;'; "!; ''; ย”;'&; '; &''; !%,; !; *; ); '; *"%; ''; ย”;'&; ,; "*!;  ';"!&''(!,2 "!&%!; '; !( %; "; &; ''; ; ); "!'%('; '"; "!; '; ;""%; "; '; "(&;!;"*;;);!;%#%&!'!; '; #"#3; &"; %3; 9 ; "!; ,; &'2; ; ""; '; '; #,&; '!&; ; ); !; ; '"; "; *; );  #'; "!; '; ;";';#"#3;;%&'3;;&; ,;"&!&&; *';';#"#;&;"!;'!;'';&;)%,;  #"%'!'2;;; ;!"';)3;;*;!"'; ;;'";%;' ;!;',;*;!"';; ;'";%; 2;&;*;"!&''(';;%; !; '"; !"*; *'; '%; !&; %2; '; '; "!''; &'&3; 9); !;

;'";";$(';;"';";'!&2; ;'!&;;";%;&,;"%!;"('; "; '; #"#9&; !&3; ',; %;  !: %)!3; ; "!9'; "; '!&; #-%,3; %'%3;*';*';',;'(,;*!'2; '; ; #"!'; !; ' 3; ; %&; ''; "(%;  &'(!'&;!;'";"'!;!;;%'%,;

'%('"!;+ !'"!;6 7;"% &; )&; "; '; ! '&; "; '; #%; ""!,3; !;'!;"3; ,;"(&;&(##"%'; ('; !,;"(;!"';ย”;"%;'2 ;'";!&(%;';#&&;";';3;*; ('; &" ; #"#; "(; %; (&; *; &" ; "(; !"'2; "3; ; %&; '%; *&; &; !"*; !; %; '"; ,; '; !&'%,; !;'";&&&';' ;!;;$(,;#%"(%; !)")2 ; ); !; ; '"; !&'; /.; #(; '; "% &; "%;  "&'; "!; (!%; !'&; !; $('; ; !( %; !; '#; *'%; '!; #"!'&; !; ย”;%!'; "'"!&2; ; &"; ('; '; !'%; !;  &&"!;)!'(,2; ; &";  %; (#"!;  #"*% !'; ; '%!',; !'%; ';(!3; *; *; &&"!2 & ; *%,; "(%; #"#; *%; );" ;);%!;""'&;(&;;*;  #"*%; !; '%; )%"(&; '%&2; "%; &""!;&'%';"ย” ;; "(;""';" #''"!3; '; %'&!&3; ; ); "('; $(# !'; ; )(!&!; !&5;%!;$(# !'2 ('; "%; ''3; '; )%"(&; !'%&; *%; " #'; (&!&&; !'%; '%&; "(%; ,"('&; %; #,!; ""'3; ; ); &(; &; '#"!; &'&3; ( %&; !; )!; '"; ' ; &'&; "; ""'; !; "'%; '; ;%&3;%%;%&;!;#"*%; &#"%'&; '%&2 ; &"; &'%('; %&;  '&; '"; "(%; !%'!; &'&3; #; %-%&;  "!; " %; "'"%; %%&; 6 ; "'%&2 (';;!( %;";#"#;'';!;ยŒ;; %%&72;;&& ;' ;!;);' ; %" ; '; *%; ; '"; &'%'; &" '!2; ; '; %&;  '&2; ; %; &'; "!; '"; );"(';%%&&!; '%&3;!(!; "; "%; (&; *; "(!9'; %; "('; !"(;!;'%;%;&"; !,;#"#;!; %; %,%&; !; &*!; !;";'&3;'%;&',;&; !&2; '; *&; !; "#!; #% "(!';'";(&2;,;%; +%&; !; *; ); '; "(%; #"#; !; *; !; "( !'5; ; ); ; '"; '; ' ; ',; !; #%"% ;'";%;"%;"(%; '"; ; &',:('"(&2; ";#"#;%" ;10;,%&;"; !%; %('(%3; ;!;")2;;&";); *; &'%('; % ; "('; "(&"; '%&;      # !'&; !; !;"";&'(ย”;2; $(# !';'";"(%;% %&2; "('; /..; "; ' ;    ,; !(; *'%!; !;ยŒ;; %" ; '; &#%!%&3; &#%,%&; & 3; ('; '&; &; ;    !&3; !3;";"(%&3; &3; "!'!("(&; +%&; '';  

 %&3; #&'&3; *; ; "!; %" ; ' ; '"; ""&'%&; !; !,; ' 2   "'%&2;;&'%(';' ; ; ); !"'%; "!3; '"; % %&; %*!; %" ; *; &; %; ;   "(%;*%&;"(';";/1;''; &%);'';&;;'*; %;&,;%%!&3;!; ,;"(%; ;' 2 

 

: (!; " (!'&2; !%; '&; & 3; "(%; ; ; ; '&; !; *; ; ' ; '%'; ';    "!'!(;'";"; "%2 #"#;*"; ;%" ;;          ")%; !; ); ' ; %;  !   %(&3; *; !(;     ;);';%('"!; !"';"!,;%"('!;%(&;"%; "; "(%; !"% '"!3; '; 3; ('; &"; "%; ';   0 " (!'"!; !; %!2 !"",; 67; ; ); %(&; '"; '%;    0 &'(!'&; (&; ; "%; ' 3; *; ); "!; !'%"(; ; %; ; '&;'*;!"*;!;*;%;     #%"% ; "%; "(%; &'; "!'!(!; *'; '2; ,"('&2; !; '3; *; );    ;*;&'; ");'";"'%; ; !'%&';  %&; %&3; ('; *; ); "!;     "; '; " (!',2; ; '; ''; !; '*"; " (!'&; !'&; &; "%; ,"(; '"; ); "(';";"(%2 

!'%&'; !; $(%!; '; ; #%&; %; !"'; !"*; !; " #('%; ยง;; "('2; ; ); ; (&; *'"('; !'%&'3; #%; ""!,; %; !; ';ย”;"%';!;'%!!;&(; ; )&'; ' ; %(%,2; ; ;#%&"!;*;;!;('',2; &#"!&"%; ; %&"('"!; ; &'; ; (&'; #&&; &!; '";  #%"); ';

"('2;"3;!"'%;&';&;" !;!;!"*;!; )%,;"(%; "!'&;!;,;';!;";"(%; "(%:,%; '!(%3; ; "'; "; #"#; *"(; ); #&&; '%"(; "(%; &""2; ; %; ; #%"% ; &; !"'%; (; ) !'2 !; !*3;"(%'&,; (!;'';'%; "%#"%'"!3;*;);!;;'";+'!; ##:"%!; *'%; %" ; '; !; ##; '"; (: '(!; !*2; ';'&;)"# !'3;';&;!"*;&,;'"; "!!';*'%;'";,"(%;"(&3;(!;!;'; #&'; *!; "(%; #"#; ); '"; %(!; '%; ##&; '%"(; '; !; %"3; !; )!; '; (ยŒ;%&3; *; !; ; '"; &&&3; )!;# &2; ;);+'!;'; !;##;!'";'; " (!',2;';&;!"';!;+#!&);#%"'3; '9&;; ยŒ;%;";(&';"'!!;#% ';%" ; '%;"%#"%'"!;"~ ;;&2;      

          !;';#%"&&;";)('!;*';;); "!3;;&")%;'';&" ;";';#"#; *"; !;'; ; !"'; )!; &; '&; '!&;&;;'!;";)(2;!',3;;*&; %';,; %';*" !;'';&" ",; %"(';;%!;*)!; !;*'; !&%#'"!4;8"(%'&,; "(9;'"; %';'"; &2;"3;'%;&;!";*,;*;*;!"';&;"!; "%;'*";#"#;*";";& %;'!&2 ";%3;*;"";%"(!;!;#"#;%; ##%'!;'3;',;%;)!;&!!;'+'; &&&; '"; ##%'; '; &'(%2; (%; ",;&;&!;'&;'!&;(!'"!!2        

"  %; %; !&3; ('; ',; %; &(% "(!'2; !; "!; ""&; '; '; #%"&#'&3; '; ",; "; '; #%"&#'&; %; "('*&; !&; ''; %; !%!'2; '; &; ; '!; "; ",; !"*; ''; *; *; ; )!;;#%',;'';&;!"';(&';&'"!3;*; %;!"*;)!;;#%',;'';('&;%"&&;; '!;%"(#&;!;&''&5;*;%;)!;; #%',; ''; "!; ; #%',; ''; !!"'; (&'; (,3; %'%; *; %; )!; ; #%',; ''; !; )!; (,3; ''; !; %&; !; &'!; &"(%; ; !&'; !,; #%',2; ; '!; '9&; ""3; !"'; "!,; "%; '; #%',3; ('; &"; "%;';"(!'%,2   

        

 !; "3; '%; &; %'); #; !; ';"(&3;'!&;%;"!;"!;!"% ,2; ;%;"!;"(';"(%;&');('&; #(,2;';##!;';"'%;' ; *&;"";!;&!&;'';'; ; #';!; ';%"% ;";';&''3;"!&%!;*'; '%!&#%;'!2; !; "3; '9&; ; ")%; !"*3; ('; !; ; *,3; '%; *%; &"; !,; &&"!&; '"; ; %!';%" ;'2;;);%!';'";##%'; ; "'%5; *; ); %!'; '"; ##%'; ; "'%9&; "#!"!3; ''; ;  %; ยŒ;%&;;"';!;';"(&3;'';*;%;;  #"%'!'2; '; ''; !; !3; *; ); ; ยŒ;%; "(&; !"*; !3; "; "(%&3; '9&; !"';&;;)%,",;*"(;&,;*;%;; ##,3; ('; '; "&';  #"%'!'; '!; &; '';'; "%;&&! !';*;%;%;'"; ";&; ")!; (!;'';"%*%2 #   

        

 

!; "; ';  %&; "; '; "(&; "; #%&!'')&; %" ; "(%; "*!; &; *"; &(##"%'; '; ; &; " ; "('; '"; #""&; ''; ; ; ''; %%"!"(&,2; '9&;%2; (%;)(;!;'%'"!;!;'&; #%'; "; '; "(!'%,; "; !"'; "*; ''2; !; "(%; '%'"!3; *; ); !; '; !'%',; "; '; 2; ; (&'; &,; ;  ; !"'; ##,; &!; &" ;  %&; "; '; '"!; && ,;&(##"%';';2; ;"(%&3;!; &" ;#%'&;";';"(!'%,3;; %%; &;)%,;" "!3;!;!"';&!;&;!;"; '!3;(';&;%"*!;';!;';"(';&'2 ;;);'";)"'3;';*;;!&';''; ;&!;; %%2




         



      % + !"#!  !  #'#%! # '" #%!%$% !"'%"!&'%!"#"' %#%&&) %'+  " "!% '' " '&"'%)**'    !!"# &$&#(' #)%"#%&$ '#"!#" #'%&&(&



!, , , , ,   ,  ),  , ,  ,  ,  , , ,  , $'), %#$&),  ,* ""<Î Î -""Î )žÎ %$)*"žÎ **Î -*Î &&$Î$Ψ©©¬Î)Î%$Î*%Î(&*Î*)"Î $Ψ©ª¬;ÎÎ",Î*)Î+)Î*Î)&(*Î $Î Î )Î $%*Î %($(ž;Î Î ,Î $Î "Î *%Î )$)*)Î %+(Î &%&"Î %$Î *Î &%"*)Î%Î*Ξ;ÎÎÎ"*Î*#Î!$%-Î*Î )*+*%$Î $Î *Î %+*¤)*Î $Î %+*¤ %+*;Î +(Î &%&"Î $%-Î !$%-Î **Î *žÎ $Î Î &"*%(#Î **Î -""Î Î Î ""¤!Î &%)*%$Î &%"*""žÎ %(Î ""Î *%)Î &%&"Î **Î (Î $Î <Î $Î ;Î Î )Î )%Î +)Î -Î ,Î )$Î -*Î Î $Î Î (&()$*;Î Î *-%Î &(*)Î -(Î %"%$£Î žÎ *Î +"+Î .)Î $Î -(Î ”Î*,"žÎ!""Î$Î+(;Î Î %+(*Î -""Î )%%$Î (Î *Î )Î (%+*Î *%Î *Î žÎ .Î !-+Î %$Î *Î $*Î&()$*ΞÎ*Î&(*žÎ%(Î*Î "*%$;ÎÎÎÎ!$%-Î**ÎÎ-""Î$%*ÎÎ $Î*)Î"*%$Î+)Î*Î"*%("Î"-Î )**)Î **Î $žÎ &(*žÎ **Î ,Î $*%$"Î ())Î %(Î **Î *Î $*%$"Î %~ ÎÎ()Î (Î $Î %+(*Î -""Î $%*Î Î (%$£;Î %<Î **Î )Î -*Î -Î (Î "%%!$Î *Î $Î ¨©ª¬Î "*%$Î -*Î(()Î*%Î;Î Î)Î%ÎÎ)Î,(žÎ)#&";Î(Î )Î$%Î#Î%+*Î*;Î*Î-Î(Î*""$Î %+(Î &%&"Î )Î ,(žÎ "(Î $Î *Î )Î **Î *Î %(Î )Î *Î "()*Î )$"Î *(Î $Î (;ÎÎΞ%+Î%Î*%Î$žÎ%##+$*žÎ $Î *Î %+$*(ž<Î ž%+Î -""Î Î$Î **Î %Î &%&"Î (Î *(Î $Î ž%+Î -""Î )%,(Î **Î *žÎ (Î +)+""žÎ *Î )%$Î "()*Î *(Î$Î*Î%##+$*ž;Î(Î&%&+"*%$Î "-ž)Î %#Î §Î(Î **Î Î *Î $$);ÎÎ %<Î-žÎ)%+"Î (Î""%*Î%$"žÎÎ,Î )**)Î*%Î%+*¤)*Î-"Î*Î%+*¤)*Î ,Î).Î)**)Î$Î*Î %(*¤-)*Î,Î ),$> žÎ )%+"Î (Î ""%*Î :¬Î "%"Î %,($#$*Î()Î*%Î*Î"()*Î*(<Ϊ¨¬Î *%Î *Î %+*Î -)*Î $Î ª98Î *%Î *Î %(*¤ )*>Î *Î *Î &%&+"*%$Î %Î *Î %<Î -Î",Î**ÎÎ*žÎ(ÎÎ)$)*£Î*%Î +&%"Î *(Î ,Î ()&%$)"*)Î Î $Î +)Î*(Î,%*)Î-)"žÎ-(,(Î*žÎ(Î $Î (<Î *žÎ ,Î *Î &%&+"*%$Î *%Î &(%+Î Î %+$""%(Î $Î ""Î &(*)Î %Î *Î %+$*(ž;ÎÎΞÎ)%+"Î%ÎÎ$Î%Î **;Î Î Î Î $Î (($Î *%Î $)+(Î **Î %Î$*)Î$Î""Î&(*)Î%Î*Î%+$*(žÎ %$*)*Î%$Î*)Î&"*%(#;ÎÎ-""Î,Î*#Î *Î &(*žÎ *!*;Î Î ,Î )$Î **Î -*Î *Î )*(+*+("Î #"$<Î *Î $Î (<Î *Î%$"žÎ)%"+*%$Î)Î; Î *Î -)Î -*Î %Î )-Î $Î Î -Î &%&"Î **Î ,$*+""žÎ *%%!Î *Î &(*žÎ (%#Î +)Î §Î(Î -Î #Î *Î -*Î *Î -)Î -%+"Î $%*Î !$%-;Î Î (Î %$($Î $Î -Î -$*Î *%Î (¤&%)*%$Î %+(Î &%&";Î Î !$%-Î ,(žÎ -""Î **Î $Î  $+"<Î %<Î %*<Î +" Î $Î --"Î $Î + <ÎÎ*Î%)?Î(Î&(%&("žÎ%($*Î **Î*žÎ-""Î&(%+Î"%"Î%,($#$*Î (#$Î *žÎ -""Î -%(!Î *%-()Î *Î ;Î *Î )%+"Î $%*Î )+(&()Î ž%+Î Î *žÎ )+Î $Î#$žÎ&");Î*Î-ž<Î*Î$+#(Î%Î %+$")Î*%ÎÎ%$*(%""ΞÎ*Î%Î-""Î $()Î(%#Î:¬;Î $žÎ &()%$Î **Î )Î *""$Î ž%+Î *žÎ (Î%$Î*%Î(*ÎÎ$-Î)**Î%(ÎÎ$-Î "%"Î %,($#$*<Î žÎ *Î #!$Î %Î *Î %$)**+*%$Î %Î (Î )Î $%*Î )ž$Î *Î *(+*;Î Î ('+(#$*Î *%Î (*Î Î $-Î )**Î)Î$%*Î,";Î*Î)Î$%*Î)ÎÎ*Î-)Î Î #)*!Î +)Î Î *Î -)Î Î &+$)#$*Î **Î *Î #"*(žÎ -%Î (*Î *Î )**)Î $Î *Î "%"Î %,($#$*)Î -$*Î *%Î #!Î*Î)(#$*%$Î&(#$$*;ÎÎ *Î *žÎ (Î %$Î -*Î %+(Î &%&"Î

)Î *%Î ,Î *#Î #%$žÎ -*Î -Î *%Î !""Î *#)",);Î ("Î %,($#$*Î %$)*(*%()Î(Î*Î&%&"Î**Î(Î%$Î (%+$Î -$*$Î *%Î Î %$Î *$Î %(Î *Î %*(;Î$Ξ%+Î%Î$)*Î*Î-""Î%Î*Î <Î*žÎ+)ÎÎ*%Î)*(%žÎž%+Î)%Î*Î)Î $%*Î)žÎ%(Î*Î%+*¤)*Î&%"*$Î-%Î )Î$ÎÎ*%Î("Î$)*Î)*")#$*;Î Î *žÎ )žÎ ($Î ª©Î "*)Î %(Î $Î "*%$Î $Î + <Î ž%+Î -""Î %Î -*Î :¬©Î "*);Î Î *žÎ )žÎ ($Î ª©Î "*)Î (%#Î Î "%"Î %,($#$*Î ž%+Î -""Î ($Î:©©;Î $Î*Î%*(Î$<Î*Î&%"*$Î(%#Î *Î %+*¤)*Î -""Î ($Î ª<©©©Î -"Î *Î &%"*$Î (%#Î *Î %(*¤-)*Î -""Î ($Î%$Ψ<©©©;ÎÎ#$$Î)Î**Î*Î &%"*$Î (%#Î *Î %+*¤)*Î )Î "%)*Î *Î "*%$Î %(Î ",$Î *Î %+);Î Î *žÎ )žÎ ($Î ª©Î &(Î Î )**<Î *Î )%+*¤ )*Î -""Î ($Î 6©Î "*)<Î *Î )%+*¤ -)*Î -""Î ($Î 7©Î $Î *Î %(*A)*Î -""Î($Î8©Î"*);Î*Î)Î&(&*+"Î &%"*"Î "+(Î %(Î %+*¤)*Î $Î **Î )Î-žÎ-Î)žÎ**Î-Î#+)*Î()*(Î*Î &(*žÎ**Î-""ÎÎ*Î&"*%(#Î%Î-Î *Î&()%$Î**Î)Î$Î)%Î*Î"!Î *Î%+*¤)*Î$Î%*$Î*!*Î*%Î,Î%(Î $Î"*%$; %+Î )<Î *Î )Î $%*Î )žÎ -$Î Î *"!Î %+*Î %+*¤)*<Î +)Î <Î *(Î (Î )%Î #$žÎ %*(Î #$%(*)Î $Î (Î **Î ,Î *)Î &(%"#;Î Î (Î (Î %,(Î ¨6©Î "$+)Î $Î (Î $Î *(Î (Î &%&"Î **Î -""Î $,(Î ,Î $Î #Î )#""Î *Î )*Î %Î %,($$Î +)Î %Î *)Î #($"£*%$;Î %<Î Î *Î )Î )%Î %(Î *Î %+*¤)*<Î -Î -$*Î $*%Î ()(Î $Î )%,(Î **Î *(Î )Î $%Î (#žÎ +$"))Î *žÎ %$*$+Î *%Î )Î %+*Î *%Î +)Î -*Î *žÎ (+)Î *%Î *!;Î Î -Î ,Î *%Î %$(%$*Î (Î )Î *Î -(<Î -Î ,Î *%Î ,ÎÎ(%+$Î*"Î)+))%$Î*Î*Î$Î %Î ,(žÎ "*%$Î -$Î *Î "(Î -$$(Î ")Î*%Î#(;Î *Î-)Î-*Î!ÎÎ$Ϊ:8:Î$Î**Î )Î*Î%$"žÎ"+"*%$Î%(Î*Î%+*¤)*Î *%Î%#Î(",$*Î$Î (Î&%"*);Î%<Î Î %%"+!Î %$*$Î -$*)Î *%Î %#Î ()$*<Î Î )%+"Î $%*Î +)*Î (+)Î ;Î Î Î -""Î !$%-Î **Î Î )Î *%Î )*Î %-$Î -*Î Î *%Î Î %$Î -*Î *%Î %Î *%Î -$Î*Î"*%$;Î*Î)Î%$"žÎ *Î %+*¤)*Î **Î $Î &(%+Î ¨6Î &(Î $*Î Î %Î ,%*)Î(%))Î*ά7Î)**)Î $Î (;ÎÎ $"žÎ*Î%)?Î )Î **Î &%&+"*%$Î (%))Î (;Î %Î %*(Î *(<Î$%Î%*(Î)$"Î*(Î ,Î **Î )*(+*%$Î %Î *)Î &%&"Î $Î ""Î &(*)Î %Î

(;ÎÎ %<Î +$*"Î %+(Î &%&"Î (")Î %-Î #&%(*$*Î *(Î ,%*()Î (Î )<Î Î $Î &(%(#Î *(Î ,Î (*Î $Î $%*Î %Î %(Î %+"Î ()*(*%$<Î *(Î #žÎ Î $%Î $;Î *Î  Î ,%*()Î ()*(*%$<Î *Î ž%+(Î ,%*()Î (<Î %"Î *Î $Î+)Î*Î-)"ž;Î*Î)Î *Î %$"žÎ *#Î -Î $Î Î *!$Î )(%+);Î žÎ )žÎ -Î "%,Î #%$žÎ +)Î -$Î*žÎ$%-Î,Ξ%+<Î $ÎÎ)Ξ%+ÎÎ&%)*%$<Î ž%+Î !$%-Î -*$Î ž%+()"Î**Ξ%+ÎÎ$%*Î #(*Î*;ÎÎ%<Ξ%+Î-""Î$%*Î -$*Î*%Î$*žÎ-*Î$žÎ %Î&()%$Î$ÎΞ%+Î-""Î $*žÎ -*Î *Î &()%$Î



**Î )Î *Î &%)*%$;Î Î ž%+Î !Î $Î ª:8:<Î Î Î %+*¤)*($(Î -)Î *Î ¤ ()$*Î $Î Î Î %+*¤)*($(Î -)Î *Î&!(Î%Î%+)Î%Î&()$**,);Î *-Î +Î (%#Î *Î #$%(*žÎ $Î *Î &"*+Î )**Î #$<Î %"#%$Î (Î $Î +"Î $%$%<Î %$Î )¤&#Î -(Î $Î &%)*%$;ÎÎ *Î )Î +)Î %Î &%)*%$Î **Î *žÎ )*(%žÎ ;Î *Î )Î $%*Î *Î +"*Î %Î %;Î Î Î )*(+*%$Î %Î <Î -)Î žÎ "+)+$Î )$ %Î -%Î &!Î -+Î $Î (*Î #Î *%Î !Î %+*Î (%#Î !-)Î !%(Î $Î (%$£Î Î *%(Î #Î -*%+*Î $žÎ %$,$*%$;Î )Î -)ÎÎ$)*Î*Î%$)**+*%$Î%Î*Î&(*žÎ $Î**Î-)Î-žÎÎÎ*%Î%Î-*ÎÎ !-)Î !%(<ΧÎ(Î(*$Î (;Î*(Î ?)Î #&$Î $Î ¨©©¬Î )+))+""ž;Î Î ŒÎ)%$Î ""Î *%)Î $Î*)Î %(Î *Î %"Î **Î -Î !$%-Î **Î )Î %$Î *%Î %#Î %$Î ž; Î %<Î *%ž<ÎÎ )Î $%*Î $Î %$*$*%$Î +)Î (;Î *(Î Î *(+Î *%Î )Î %"%+(Î )Î %($(Î *Î$#(Î %(*Î $Î *Î &"$Î *%Î &(%+Î %$Î %Î )Î %""+)Î $Î *Î $!Î )Î %,($%(;Î $#(Î

%(*Î -""Î (,%"*Î +)Î -Î ,Î (%-$Î ž%$Î &"ž$Î "#$*(žÎ&%"*);Î $#(Î %(*Î Î $%-Î Î *%Î +)Î ;Î $Î *Î &(%"#)Î $Î Î )*(*Î $Î ¨©©5=Î Î %$*$+Î *%Î &(%#%*Î Î !%(?)Î *%$Î %$Î Î$Î$Î*Î$-)&&()Î ,(ž-(Î+$*"Î")*Ξ(Î -$Î-Î()*(Î;Î Î#Î*Î%$"žÎ)ž#%"Î%Î Î$Î$#(Î$Ξ%+Î $%-Î !$%-Î #žÎ &+(&%)Î $Î $#(Î %(*;Î *Î )Î Î *%Î (%$£Î Î $Î *Î &%&"Î Î (Î (žÎ *%Î -%(!Î-*ÎÎ*%Î",(Î *Î $.*Î %,($%(Î %Î $#(Î)**;Î $Î*<Î*Î-)Î#žÎ”Î%(*Î **Î #Î *Î *%$"Î %(!$Î %##ŒÎÎ %Î Î $Î *Î $*%$"Î (#$Î *%Î ($Î *Î %,($%()&Î *!*Î *%Î $#(Î %(*;Î Î %$?*Î %+$*Î %+(Î )&($*)Î +)Î ž%+Î -""Î !$%-Î *#Î ,(žÎ )%%$-$Î *žÎ %#Î *%Î &!Î %(#);Î Î "%*Î %Î &%&"Î ,Î $Î (%+$Î -*$Î-*Î)Î&&$Î $Î Î )Î %$Î *%Î ,Î $#(Î %(*Î *Î )*Î %Î*#Î"";Î$Î*ΞÎ*Î

      0                     

*#Î -Î Î$)Î -*Î $#(Î **Î %(Î



%+(Î ž()<Î -Î -""Î (+)Î ,(ž*$Î **Î $ž%žÎ "")Î ,#$*Î +)Î -Î!$%-Î,(žÎ-""Î**Î*%Î$)+(Î)+(*žÎ )Î *Î %$)**+*%$"Î %"*%$Î %Î ,(žÎ %,($#$*Î *%Î $)+(Î ,"%&#$*Î $Î -"(;Î (Î $$%*Î Î ,"%&#$*Î $Î -"(Î$ÎÎ&"Î**Î*(Î)Î$%Î)+(*ž;Î Î(Î)ž$Î**Î-*Î-Î(Î)ž$ÎÎ$Î $#(Î )**Î )Î &%))"Î +)<Î -Î (Î $%Î "%$(Î %$Î *%Î +žÎ ,")Î $Î +$);Î Î (Î %$Î *%Î &+*Î )+(,""$Î #(Î ,(ž-(Î $Î $#(Î )**;Î ,(ž%žÎ-""Î*$Î%Î%#Î$Î)"&Î $Î"Î-""Î%#Î!Î$Î+)$))Î-""Î "%))%#;Î%<Î-Î!$%-Î-(Î*)Î&(%"#Î )Î$Î-Î(Î%$Î*%Î*Î$#(Î**Î %+*Î %Î *;Î$Î ""Î *Î (+$-žÎ $,)*%()Î $Î *(()Î -""Î %#Î !Î *%Î$#(Î )**Î)Î%$Î**; +,   , ,  , , ,   , ), , ,   ,  ", , ", !", , , , ",   , , , ,   , (,  , ",  ",  ,,8,,* ""<Î Î !$%-Î $%<Î *)Î )Î Î()*Î *#Î &%&"Î (Î ($Î )Î $#Î $Î *Î &%"*"Î (";Î %"*$)Î (Î $%*Î %$Î *%Î #!Î *Î *ž&Î %Î #)*!Î -Î #Î -*Î (;Î *(Î <Î -%Î "*Î Î -)Î $Î $#(Î)**Î*%Î&(%&*Î Î$Î $Î Î $%*Î Î $;Î *Î -)Î -*Î Î);Î Î )Î *+($$Î (%+$Î $%-Î *%Î #&%)Î Î $*Î %$Î $#(Î %(*;Î *Î $$%*Î -%(!;Î Î Î $Î ž%+Î !$%-Î -$Î ž%+Î *"!Î %+*Î %$žÎ -%ž<Î ž%+Î *"!Î %+*Î $žÎ<Î*žÎ(Î""ÎÎ&%&";ÎÎÎ Î+)Î*%Î,Î+)Î*(Î$*)Î%(Î




        

 

   

 '-*9ร ร  1ร $$ร 'ร , *'- ร $,!'&+9ร ร,ร , ร &ร 'ร , ร 1ร , ร -(*%ร '-*,ร /!$$ร ,*%!&ร / 'ร , ร &!,ร !+9รร ,ร ((&ร -+ร /ร /*ร &',ร !&ร '&,&,!'&9ร ร %%*:ร ร !*,ร *9ร !@+ร %(!&ร !&ร 5336ร / &ร +$-ร !ร , ร*!!&ร, ,ร ร!9ร-,ร ร'&)-*ร !%ร-+ร ร/&,ร,'ร, ร('$$!&ร'', +ร ,'ร'$$,ร, ร*+-$,+ร&ร/ร ร('$$!&ร '', ร*+-$,ร$$ร'.*9รร&ร ร'-$ร&',ร &ร!,9รร/*ร$ร,'ร(*'.ร/!, ร, ร +-(('*,ร'ร *9ร!ร, ,ร, '+ร*+-$,+ร, ,ร /*ร+-%!ยŒรร/*ร/*!ยŒร&ร1ร, ร+%ร ('($9 ':ร !&ร , !+ร 5346:ร ร  $$&ร ร ,'ร (*'-ร ,/'ร &!,+ร !&ร &%*ร +,,ร -+ร /ร /!$$ร 'ร ,'ร (*ร‘$,!'&ร '-*,ร ,'ร +,'(ร , %9ร ร ร /!$$ร 'ร ,'ร '-*,ร (-,ร!,ร, *9รรร/!$$ร'ร,'ร$,!'&:ร$,ร&1ร 'ร , %ร /!&9ร ร  &:ร /ร /!$$ร #&'/ร / , *ร ,/'ร &!,+ร *ร (*'-ร !&ร '&ร $,!'&ร !&ร &1ร ($:ร !&ร &1ร %'*19รร ':ร , ,ร *-!+ ร , 1ร .ร&ร'!&ร/!$$ร&ร -+ร 1'-ร *%%*ร , ,ร ร/+ร!&ร, ร,!'&$ร ++%$1ร !&ร 4885ร , ,ร /+ร 54ร 1*+ร ':ร ร ร , ร /$, ร 'ร 0(*!&ร ('$!,!$ร 0(*!&ร &ร ร .ร &',ร  &9ร ร ร %'.ร , ร %',!'&:ร ,*%!&,!'&ร 'ร !$!,*1ร *!%ร!&ร48869รร'ร ร .ร &',ร &9ร ร %ร +,!$$ร , ร +%ร (*+'&ร , ,ร !+ร .*1ร $-$,!.ร &',ร *!ร 'ร '&1ร /'1:ร ', ร 'ร , %:ร , 1ร '%:ร /ร &$ร, !*ร.',+9รร!, *ร 'ร , %ร , ,ร '%ร /$$ร /!$$ร ,ร -+ร /ร .ร *+'&+ร / 1ร ร , ,ร +ร &',ร + '/&ร &1ร *%'*+ร '*ร -*&!&ร &%*ร +,,ร &ร '%ร #ร ,'ร *-$ร &%*ร +,,9ร ร ,ร !+ร !%('++!$9รร $$:ร / &ร /ร ,ร ,'ร , ร +'(ร‘'0:ร /ร #&'/ร / ,ร,'ร,$$ร, %:ร/ร#&'/ร, 1ร'ร&',ร .ร&1ร*'-*+ร,'ร+1ร, ,ร, ร(*+'&ร '+&@,ร .ร &1ร *'-&ร ,'ร +,&ร -+ร -+รร +ร&',ร(!ร&%*ร+,,ร ,'ร*-!$ร$$ร, '+ร, !&+ร+,*'19รร ,ร!+ร !%('++!$ร'*รร,'ร'%ร,'ร&%*ร +,,ร &ร %#ร %'-, 9ร ร $$:ร , 1ร *ร +1!&ร , 1ร *ร '!&ร ,'ร *-$ร &%*ร +,,9ร ร ร , !&#ร '*ร *-$!&ร &%*ร +,,:ร , 1ร .ร ,'ร '&++:ร ('$'!2ร &ร, ร('($ร/!$$ร+1:ร(* (+:ร, *ร!+ร &ร ,'&%&,ร , 1ร %-+,ร '9ร ร  1ร .ร &',ร'&ร&1ร,'&%&,ร,'ร'%ร,'ร*-$ร &%*ร+,,9  $$!$$$"$$"$$ $!$$$ $ $$$ $$ # ร'&@,ร#&'/ร/ 1ร1'-ร'&,!&-ร$$!&ร '&1ร/'1ร-#-*ร#(ร+1!&ร!,ร!+ร &ร %#1!ร -&,!$ร ร /ร 1+ร #ร / &ร -'ร ',ร , ร '-*,ร !&"-&,!'&ร &ร %&ร -#-*ร &'/ร +!ร ร /+ร '!&ร ,'ร'1ร, ร'-*,ร!&"-&,!'&ร, ,รร/!$$ร '1ร'-*,ร!&"-&,!'&9รร':ร, 1ร*ร'!&ร $$ร , '+ร , !&+ร ,'ร ($+ร , %+$.+9ร ร ร !,ร !+ร '&1ร /'1:ร ร /!$$ร *, *ร +1ร !,ร !+ร +1ร'*ร-+รร-+รร&!,ร/!$$ร /!&ร+!$19ร  $$#  *!+ร!:ร ร .ร*,ร&ร ร+!ร , ,ร!ร'ร&',ร+-(('+ร,'รร/ *ร ร !+9ร ร  1ร ร +!ร +'ร !+ร , ,ร .*1ร %'*&!&ร 1'-ร/#ร-(:ร1'-ร(*1ร&',ร,'ร%,ร'#'ร *%9ร *!+ร!ร!+รร&',ร+-(('+ร,'รร / *ร ร!+9รร *ร ร!+ร'+ร&',ร&ร,ร , ร 'ร &ร &ร /ร /'-$ร ,$$ร '-*ร ('($ร, ,ร/ร'ร&',ร/&,ร, ร,*+-*1ร 'ร&%*ร+,,ร,'รร-+ร!&รร&&!&ร &',ร'&$1ร'#'ร*%:ร-,ร', *ร('($@+ร &9ร ร ':ร /ร #&'/ร .*1ร /$$ร *'%ร , ร #*'-&ร , ,ร ร .ร 1'-ร , ,ร  ร ,!%ร /ร ,$$ร '-*ร ('($ร , !+:ร , 1ร /!$$ร -&*+,&ร , ,ร /ร &ร ,'ร '%ร ,', *9ร ร ร &ร ,'ร '*ร  ร &ร '*%ร, ร,1(ร'ร, !&ร, ,ร!#ร.รร

!&ร9รร ,ร!+ร/ ,ร'-*ร&ร!+ร&ร , ,ร!+ร/ *ร ร!+ร-+ร!ร1'-ร&$12ร / ,ร ร .ร "-+,ร +!:ร 1'-ร /!$$ร +ร , ,ร ' +ร #'*' ร &ร ร !ร &ร , ร *+,ร'ร, %ร'&@,ร#&'/ร/ ,ร ร .ร"-+,ร +!9รร 1ร'&@,ร#&'/ร, 1ร&&',ร'ร,'ร &,!'&$ร$,!'&ร/!, ร$,+ร&ร/!&9รร  1ร/&,ร,'ร,ร(('!&,9รร' +ร/&,ร ,'รร(('!&,ร!ร*+!&,9รร'ร,ร, ร &ร 'ร , ร 1ร / *ร 'ร 1'-ร 'ร /!, ร !,<รร':ร!,ร!+ร(-*$1ร(*+'&$ร!&,*+,ร&ร , ,ร !+ร / 1ร  *!+ร !ร #!$$ร ('$!,!$ร +('&+'*+ !(ร !&ร&%*ร +,,ร !&ร ,ร !&ร '-, ร+,9  &ร , ร '-, ร +,:ร &1ร ''ร +(!*&,ร &&',ร,ร+('&+'*+9รร':ร'&$1ร, '+ร, ,ร .ร, ร%'&1ร&ร'&,+,ร&ร, 1ร%1ร &',ร ร ''9ร ร  ,ร !+ร / 1ร ร +!ร  *!+ร !ร #&'/+ร / ,ร ร !+ร $''#!&ร '*ร !&ร 9ร ร ร &&',ร ร '-*ร  $$&ร *ร!&ร9 ร 1'-ร .ร ร ''ร ($,'*%ร &ร ร ''ร &!,:ร !,ร '+ร &',ร ,#ร ,!%ร ,'ร +$$9ร ร ':ร / ,ร/ร*ร'!&ร,'ร!.ร &%*ร+,,:ร!+รร.!*!&ร (*,1:ร &',ร ร (*,1ร , ,ร !+ร &,*& ร !&ร *!+!+ร &ร &',ร ร (*,1ร , ,ร !+ร '!&ร ,'ร!.!ร, ร-&!,1ร'ร, ร ('($9รร',ร, ร(*,1ร, ,ร /!$$ร'รยงร*ร, ร,*+-*19รร ร .ร $*&,ร *'%ร '-*ร (+,ร%!+,#+ร*'%รร &ร /ร *ร &',ร '!&ร ,'ร *(,ร , ร +%ร %!+,#ร !&9 ร %ร +'ร '&ร&,ร -+ร !&ร 5336:ร , ร $,!'&ร /+ร !&ร * ;ร , ร &!,+ร /*ร -&.!$ร !&ร &-*19ร 1ร &0,ร /#:ร /ร ร /!$$ร #!#ร 'ย”รร'-*ร%(!&9 ร $  $

$ $ !$ $ $ "$ $ !$ $  $ $ $ $   #$ $ $ $

$ $ $ $ $  !$ $ $ $ $  $  $$$#$$ ร '+ร &',ร .ร ร  '!ร &'/ร , ,ร , 1ร .ร !&,*'-ร $,*'&!+ร *!+,*,!'&9ร ร '-ร &ร +ร , ,ร $$ร , ร ('($ร, ,ร/&,ร,'ร'ร'-$ร*!+,*,!'&ร /*ร #&'#ร‘'ย”รร , ร % !&+9ร ร  1ร *ร&',ร'!&ร,'รร!&ร, !+ร'&,+,9ร':ร!ร ('($ร/&,ร ร,'รร*1:ร, ร('($ร + '-$ร '%ร '-,ร &ร %++9ร &:ร , *ร !+ร$*ร,-*&'-,:ร!,ร/'-$รร!~ รร-$,ร'*ร ร ,'ร *!ร $,!'&9ร ร &ร , ,ร !+ร / ,ร , ร ร !+ร $''#!&ร ,9ร ร  ร *!!&ร 'ร &%*ร +,,ร $,!'&ร !+ร ('++!$ร !ร , ร ('($ร 'ร &',ร '%ร '-,ร ,'ร .',9ร  1ร /'-$ร &'/ร 'ร &ร %&!(-$,ร , ร *+,ร 'ร, รร-*9ร-,ร ร&ร,ร1'-ร, ,ร1ร, ร ,!%ร/รร&!+ ร!&ร(,%*ร$'&ร.*1ร (*+'&ร/'-$รร+#!&ร'*ร/ ,ร,!%ร!,ร !+ร,'ร.',ร-+ร/ร*ร'!&ร,'ร(-,ร, ร *+('&+!!$!,1ร,'ร'-*ร('($ร&ร, 1ร*ร '!&ร,'ร(!#ร!,ร-+ร/ร .ร'%รร $'&ร/19รร&ร/ร .ร+-ย”ร*รร$',ร!&ร , ร &+ร 'ร , ร .!,'*+ร 'ร !*!ร !.!$ร /*9  $ $ !$ $ $   $ $  $ $  $   $ $  $

$$ $$$$$ $ $ $   $ $ $ $!$$ $ $ $#$ '9ร  *ร /+ร &'ร (*++-*ร *'%ร $-+-&ร +&"'ร '&ร &1ร 9รร &+,:ร ''$-#ร &ร +&"'ร '&ร !+ร +!9ร ร&ร&1ร  '+ร ,'ร 'ร , ร "'ร &ร , ร (1%&,:ร , ร +ยŒร$%&,ร !+ร &%*ร+,,9รร'&@,ร/'**1ร-+ร1ร , ร,!%ร/ร,ร,'ร, ร+'(ร'0:ร/ร#&'/ร / ,ร ,'ร '9ร ร ร *ร , ร ('$!,!!&+9ร ร ร /!$$ร,$$ร, ร('($ร, ร,*-, 9รรร/!$$ร$,ร , ร('($ร#&'/ร/ ,ร, 1ร!&,&ร,'ร'ร /!, ร&%*ร +,,9ร ร ':ร /!, ร , !+:ร &'/ร 1'-ร+ '-$ร#&'/:ร!,ร!+ร&',ร+&"'ร, ,ร !+ร '%!&ร ,'ร *!ร !&ร &%*ร +,,ร -,ร , ,ร , ร ('($ร 'ร&%*ร /'-$ร .',ร '**,$19

  0       0       

      

     

  

     

+,ร &+1ร /+ร $!#ร .*1ร ', *+ร !&ร *$ร 0-,!.ร '-&!$ร =>ร %,!&ร ,ร , ร *+!&,!$ร !$$:ร -,ร '*ร , ร !&,ร *+ -ร รรร / ! ร "'$,ร .!*,-$$1ร $$ร , ร %!&!+,*+ร / &ร , ร '%+ $$ร /+ร.&,-$$1ร*'((ร,ร, ร&ร'ร, ร %,!&ร1ร*+!&,ร''$-#ร '&, &9ร &ร+':ร, ร'*%$ร'%%&%&,ร'ร, ร %,!&ร&ร!,+ร(*'!&+ร/&,ร'&ร+ร -+-$ร-,ร, ร-+-$ร-*ร'ร'%*+ !(ร ยงร*ร +- ร %,!&+ร /+ร (-&,-,ร / &ร !,ร %ร $*ร , ,ร +'%ร 'ร , ร %!&!+,*+ร ร+,ร!&ร, ร0-,!.ร'-&!$ร  %*+ร'*ร, ร$+,ร,!%ร!&ร, ร*$ร 0-,!.ร'-&!$ร%,!&9 +-$$1:ร , ร %,!&ร '%%&+ร 1ร 43933ร '*ร /ร %!&-,+ร (+,ร 43933ร %ร !%%!,$1ร ยงร*ร , ร **!.$ร 'ร , ร *+!&,ร !&ร , ร '-&!$ร  %*+ร /!, ร , ร ,!'&$ร &, %:ร ($ร &ร '$$'/ร /!, ร , ร +'&ร +,&2ร 'ร , ร &, %ร +ร (*1*9ร  +ร '&+,!,-,+ร , ร -+-$ร *!,-$+ร *$!&ร , ร %,!&9ร -,ร(*!'*ร,'ร, ร**!.$ร'ร, ร*+!&,:ร !,ร /+ร ร (*!'ร '*ร , ร %!&!+,*+ร ,'ร *,*&!2ร &ร , *'/ร &,*+ร ร /!, ร '&ร &', *9ร-*!&ร, +ร(*$!%!&*1ร+,:ร

'-*&$!+,+ร&ร*+!&,!$ร.!+*+ร&ร !+ร*ร-+-$$1ร$$'/ร,'ร'+*.ร-,ร +''&รยงร*ร, ร(*1*:ร$$ร/!$$ร.,ร, ร '-&!$ร %*+ร/!, ร, ร0(,!'&ร'ร , ร'-&!$ร%%*+9 *+!&,ร '&, &ร !ร &',ร !.ร &1ร !&!,!'&ร 'ร *$!.!&ร +'%ร %!&!+,*+ร 'ร , !*ร ('*,'$!'+:ร 0(,ร , ,ร -&$!#ร (*.!'-+ร ', *ร 1+ร / &ร ร &'*%$$1ร **!.ร, ร %*+ร,ร'-,ร43ร%ร'*ร ร %,!&:ร ร &,*ร $,ร ,ร '-,ร 43967ร %9ร &ร %!&-$ร 'ร !+ร -&-+-$ร $,&++:ร ร 0($!&ร , ,ร ร ร "-+,ร ร&!+ ร ร *'-&ร 'ร %,!&ร '*ร '%!&9ร * (+:ร !,ร !+ร &',ร -&$!#$1ร , ,ร , ร%,!&ร ร ร(*!'*ร,'ร, ร0-,!.ร '-&!$ร %,!&ร /+ร -&'&&,ร /!, ร -+1ร &! ,ร *'&!$!,!'&ร %,!&ร 'ร , ร '($+ร %'*,!ร *,1ร =>:ร / ! ร '-*&$!+,+ร /*ร **ร *'%ร '.*!&9ร .&:ร !ร !,ร /+ร &',:ร !,ร %1ร .ร ร &ร '&&,ร /!, ร , ร ร&$ร **&%&,ร'*ร, ร+#ร'ร, ร%!&!+,*+9 .&ร -*!&ร , ร *%'&!'-+ร *'&!,!'&ร 'ร , ร ,ร  !.ร 1ร $++!&ร #*ร !&ร /!&&!&ร %$+ร !&ร , ร "-+,ร '&$-ร &,*&,!'&$ร ++'!,!'&ร 'ร , $,!+ร *,!'&ร = >ร '*$ร  %(!'&+ !(ร $ร !&ร '+':ร, ร%!&!+,*+ร%ร/!, ร+%!$+ร &ร 1,ร -&#&'/&ร , ร ,ร , ,ร /'-$ร $$ร , %ร +ร '&, &ร +!ร A'1ร !+ร ร 1ร , ,ร /ร *ร $$ร $*,!&ร , !+ร 1'-&ร $1:ร $++!&ร #*:ร /ร *ร $*,!&ร +-++:ร /ร *ร $*,!&ร !,!'&:ร /ร *ร $*,!&ร (,*!',!+%9Bร ,ร /+ร $,*ร $*&,ร , ,ร , ร +#ร %!&!+,*+ร (*,!!(,ร ,!.$1ร -*!&ร , ร '*%$ร ร %,!&ร -&#&'/&ร ,'ร , %ร / ,ร /+ร !&ร +,'#ร '*ร , %ร !&ร '&, &@+ร *,9ร '*ร 0%($:ร , ร '*%*ร%!&!+,*ร'ร&.!*'&%&,:ร!2ร !$รร (*+&,ร %%'ร '*ร '-&!$ร '&+!*,!'&:ร$!*,!'&ร&ร((*'.$ร '&ร, ร*,!ร,!'&ร'ร, ร'&+,!,-,!'&ร&ร ''(*,!'&ร *%&,ร +,$!+ !&ร , ร+,ร*!&ร!&ร*.!ร&,*ร '&ร $!%,ร  &ร &ร (,ร &ร +ร = >9ร  ร / ! ร !+ร ร *%&ร '.*&%&,ร !&!,!,!.ร '*ร (-*+-!,ร 'ร *+* ร '&ร $!%,ร  &ร &ร +-+,!&$ร $&ร %&%&,:ร /+ร ((*'.ร 1ร , ร '-&!$ร +ร !*!ร +,&+ร,'ร&ร,ร+!&,!ร$$1ร&ร+'!'ร‘ '&'%!$$1ร*'%ร, ร(*'*%%9 -,ร , ร '%+ $$ร /+ร '&$ร 1ร *+!&,ร '&, &ร-&,!$รยงร*ร, ร$'+!&ร (*1*ร 'ร , ร %,!&9ร '*!&ร ,'ร !&'*%,!'&ร , ,ร ร$,*ร '-,ร ยงร*ร , ร %,!&:ร, ร*+!&,ร!%%!,$1รยงร*ร

, ร$'+!&ร(*1*ร'ร, ร%,!&ร!&รร ,'ร .ร '*'ยŒร&ร +'%, !&ร "-+,ร +ร , ร '-&!$ร%%*+ร/ *ร'-,ร(*,!&:ร &ร,'$ร, %ร,'ร+!,ร'/&ร'*รร%'%&,9 ,ร /+ร $*&,ร , ,ร !%%!,$1ร ร !&!,ร , ,ร +'%ร 'ร , %ร %1ร &',ร ร !&ร , ร &0,ร '-&!$ร %,!&:ร !,ร , &ร /&รร'&ร, %ร, ,รร!&,ร*+ -ร รรร /+ร !&ร , ร '~ รร&9ร '%ร 'ร , %ร /*ร +!ร,'ร .รร,ร/ !$ร, ร*+!&,ร /+ร %'.!&ร *'-&ร , ร !++-ร /!, ร , ร 0($&,!'&ร, ,ร!,ร/+ร&',ร-+ร, '+ร ,'รรย”ร,ร ร'&ร&1, !&ร/*'&ร -,ร, ,ร!,ร/+ร(*,ร'ร'.*&&9ร &ร ,:ร +'-*+ร +!ร , ,ร *+!&,ร

'&, &ร #(,ร .*1'&ร 'ร , %ร !&ร +-+(&+ร ร /!, '-,ร !+$'+!&ร / 'ร /*ร !&.'$.ร &ร 0(*++ร ((*!,!'&ร ,'ร , %ร '*ร , !*ร *+(,!.ร (*'*%&+9ร ร .&ร ++-*ร , ,ร + '-$ร , ร &ร *!+:ร, 1ร/'-$รร&ร,'ร'ร'&ร , !&ร '*ร , ร ', *ร '*ร ร .&,-$$1ร *ร '-,ร , ร &%+ร 'ร , ร ย”ร,ร '*%*ร %!&!+,*+9ร +ร +''&ร +ร ร /+ร '&ร /!, ร , ร !($'%,!ร +:ร ร *ร '-,ร, ร&%+ร&ร!%%!,$1ร$ยงรร, ร  %*+ร !&ร &ร ((*&,ร !ร ,'ร .ร /!,&++!&ร , ร %',!'&+ร 0(*++ร , *ยงร*9  รย”ร,ร%!&!+,*+ร!&$-ร!2ร !$รร=&.!*'&%&,>:ร +9ร%ร(($ร ='-+!&>:ร *9ร  %+ -&ร +%&ร‘ร =,!'&$ร $&&!&>ร &ร *'++'*ร -)-1,-ร -!ร‘ร =-,!'&>9ร , *+ร *ร !&!+,*ร 'ร +,,ร '*ร ('/*ร !&ร - !:ร !&!+,*ร 'ร +,,ร '*ร &:รร *$-ร$-+-$ร;ร !&!+,*ร'ร'*!&ร ย”ร!*+:ร $-&ร + !*-:ร !&!+,*ร 'ร +,,:ร ร *!ร‘ร -#ร ร’ร&!ร &ร !&!+,*ร 'ร+!&ร&ร, ร‘ร*'++'*รร ,ร#'&ร ++1ร/9 '&-+!'&ร &+-ร +ร !&!+,*+ร !&$-!&ร , ร +#ร '*%*ร %!&!+,*+ร %ร '-,ร ร 'ร , ร 0-,!.ร  %*+9ร  !$ร+'%ร+--ร+ร%',!'&+:ร+'%ร #(,ร+,*! ,รร&ร1,ร+'%ร'-$ร&',ร -,ร/(,9ร ,ร/+รร+ร'ร, ร*! ร$+'ร*1ร &ร!&ร, !+ร+:ร !&!+,*+ร$+'ร*19ร'%ร 'ร , ร ย”ร,ร '*%*ร %!&!+,*+ร /*ร $+'ร+&ร!&ร'&+'$ร&ร+&ร'ย”รร1ร '*%*ร'$$-+ร&ร*!&+9ร,!$$ร+'%ร %&ร ,'ร .'!ร (*++ร &ร +&#ร '-,ร / !$ร '&$1ร , ร '*%*ร !&!+,*ร 'ร &.!*'&%&,:ร *+ร!2รร !$รร/+ร $:ร -,ร !&ร ,/&ร ,*+ร ,'ร +(#ร ,'ร

'-*&$!+,+9 '*!&ร ,'ร *:ร A ร .ร &ร (*,ร 'ร, ร'.*&%&,:ร ร'/รร$',ร,'ร!,9รร .ร&ร '&'*ร,'ร+*.ร&ร/ร*ร %'.!&ร '-,ร '&'-*$1ร &ร ร , !&#ร , ,ร!+ร!%('*,&,9ร &1ร .ร'%ร&ร '&ร /!, '-,ร '&'-*9Bร &ร !ร !,ร /+ร ร + '#ร,'ร *:ร+ ร*+('&ร+1!&:รA'9ร ร 1'-ร *ร /!+ร &'- :ร $!ร !+ร ร 1$ร / *ร *'%ร , ร 1ร 1'-ร '%ร !&:ร 1'-ร + '-$ร#&'/ร, *ร!+รร&ร0!+,:รร!+&@,ร!,<ร &ร .*1ร &+1:ร ร ร '%ร !&ร *ร '(!&ร '&ร 1:ร , *ร /!$$ร ร ร !&,ร *+ -ร รร9Bร '/.*:ร !,ร /+ร &',ร , ,ร , ร !&,ร *+ -ร รรร /+ร &',ร &,!!(,ร 1ร , ร %!&!+,*+ร ร -,ร *+!&,ร '&, &ร ,''#ร , %ร 1ร +-*(*!+ร /!, '-,ร $/ร ,'ร &1ร 'ร , %ร (*'$19ร ,ร /+ร .&ร %'*ร +-*(*!+ร , ,ร '&ร 'ร , %:ร , ร '*%*ร !&!+,*ร 'ร ,!'&$ร $&!&ร '%%!++!'&:ร *9ร  %+-&ร +%&:ร , ร$+,ร0(,ร,'รร*%'.ร-+ร 'ร , ร '(&ร #&'/$%&,ร 'ร !+ร ''ร(*'*%&ร1ร, ร*+!&,ร,ร, ร

$-& ร 'ร , ร !ร‘*%ร *'*%&ร ('*,:ร /+ร ย”ร,9ร  '- :ร ร /+ร &',ร (*+&,ร ,ร , ร %,!&ร ,'ร 0(*!&ร, ร+ '#9 -,ร !&ร $$:ร '&ร $++'&ร !+ร , ,ร ('/*ร !+ร ,*&+!&,ร &ร / &ร 1'-ร .ร '(('*,-&!,1ร ,'ร 0*!+ร !,:ร -+ร !,ร /!+$19ร&ร+'&$1:ร/ 'ร&ร*รร %&@+ร *,:ร&ร!&ร, !+ร +ร*+!&,ร

'&, &@+ร%!&<




        



             



= *#$!#= %$!)!= (#'$= #= ",= ))= (= #$*= +#= ))= )'= (= #$= %'"##)= '#= $'= #".= #= %$!)(4= = '!#"#)= ),#= $+'#$'= *')!= . $= #= $'"'= = '(#)= ) *= * '5= )= *' = ",5= $)= $= ,$"= ,'= *#)!=#$,5= #$,#=)$==(,$'#=#"(= (= $#('= #= %$!)!= '!(= (= )= ,$#'(= $= "$'#= .= %$!)(4= = ),$=%$!)!=!)$'(==)$=)"= *%= )$= %'$))= )'= #)'()4= .= '= $)=$""ยŒ==)$=)='"$+!=$=!= "#=* *'=(=#)$#!='"#=$= )=%').4=* *'=(=!($='$"=",= ))4 ()=, 5=(+#=$+'#$'(=$=)== !ยง==)=+#*=$=)="#=$#+#)$#=$= )=%').=#=''$*%=)=)='9*= #)'= )$= ##$*#= )= )$#!()$#= $= )= %').4= . $5= )= $+'#$'= $= ",= ,(= $#= $= )= ''$,= (= $= )= $+'#$'(= )'"#= )$= )$%%!= * *'4= =#=)'=$'#5=)=%$!)!= ยŒ=!=#='4 $'= #$,5= %$!)!= !)$'(= ! = '$(($'= '!="#*5=!="#= * *'5= = $#= '*#= #= ) *= ,'=$#('=(=%$!)#=$)'(== )$=.$*#=%$!)#(=#=)=())4==(= ",=$'#=%$!)#(5=,$='=!($= #$,#=)=)=#)$#!=%$!)!=(#='= !,.(=,$' #=#=$%%$()=')$#(4 $,'= )= !%(= $= 20035= #'!= !)$#(= ($"= $= )(= %$!)!= )$'(= ,'= #)$#()= )$= $#= #$)'4= '$(($'= '!= "#*5= $'= #()#5= ,(=)=!# ="#=$=)==#=)=())= ,)=)=#=*#=.=$'"'='(#)= !*(*#= (#$= *'#= )= '((= ),#=(#$=# ) *4=(="%((=ย”=)=)=)#= $+'#$'=$#='*#5=)#=$#('= )$==)=%$!)!=($#=)$=) *4 (= $#= )= 9(= $#())*)$#5= )= $+'#$'(= $= )= %').= '= $#('= (= )= %').= !'(= #= )'= ())(4== #$')*#)!.5= ",= ,(= )= ='()= ())=)$=,)#((=)=!$((=$=(*=%$,' *'#=)='#=$=$#='*#4== '!= "#*5= )= )#= #)$'= ,(= $'= ))= $#$*'= #= )= ())4= = ,(= )= !# "#= ),#= ",= #=*4 (= = '(*!)= $= )= ")$#= $= ) *= $'= )= %'(#.5= )= %$,'= )*((!= ))=#(*=),#="=#=(=$((5= (#$= $+'= )'= )'"= ย”=$'= "#*5=)=$%%$')*#).=)$=) =$+'=)= !'(%=$=)=%').=#=)=())4 )= )= )"5= )= %$!)!= %$,';%!.= %!=)=)#=$+'#$'=$#='*#= #==~ ==*!)=()*)$#=(=#=) *=!$.!()4== ) *:=$#="%(=$#)#*=)$=*(= "#*=$=!')!.=!!$,#="(!= )$= = *(= (= = (%$!'4= #= )= ("= +#5= $'"'= "!)'.= "#()')$'= $= $(= ))5= ''= #'!= *=

',5= ,$= (= !($= #= ##= $= )= ())5=,(=$=)$=(%'=$'=)=("= '(#)!=!)$#4= (= %$!)!= (#'$= != )$= )= )$#= $= $#= '*#= #= (= $!!$,'(= )$= )= #$,= *#)= )$#= $#'((5= !+#= ))= )'= (= #$= %$!)!=*)*'=$'=)"=#=)=4





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ย”='$#)= )$= (= ).= ,'= '$= '$"= ) #= %')= #= *)$').= (= )= !'= $= )= %').4== )= %'"'.= !)$#= $+'#$'= *')!= . $= ))=%'$*="4 '!!= '$*#= $)'= . $= #,= ))= $+'#$'(= )$= (+= "= ($*!= * *'= "= '$"=* *'4 )= )$#!= '"#= )= '= $+'#$'(9= $= )= %').6= )'= (= $'*"5= = ($#= ,(= = ! !$$= $= )=    '= ))= * *'= !ยŒ='= ) #= $+'= )=   

 ($*!= =  ")= %').= ()'*)*'= '$"= $'= = ) (= $+'= )= "4= (= "= "= )$=   =)= #()= * *'9(= %').= ()'*)*'= '$"=     #)*'5= ,= $)'= $+'#$'(= #= )= ,(= '(()= .= )= 

0

 ยŒ=!=!#=,(=',#4 %'(#.4 = $+'#$'(= $'*"=    #= * *'= "= $,+'= !$.= $'= )= #)$#!= '"#=    

 )= '#())"#)= $= $= )= %').5= )= (($!+=))=-*)+=  

 ",= ))= %)'= #=",=))=,'=

     )#=$*)=$=),!+=""'(= $= )= %').= (= #= "'$!= #= $#= '((=   



 $= * *'= != ,$' #= #= #$)'= ,)= )= == ##$*#=   

  $""ยŒ #)$#!= (')')= $= ))= ร’=#.,= *"= )=%').4==* *'5=#=(     

 += #= !!=  = (= ()'*!= )$= ) = ,.= )=!'=$=)=%').=#=  %$!)!= ()'*)*'= ",4 '$"= . $5= "= )= '#= !*#($.= %$!)!= )''#= #= )= .#!$!5= )= )#= ())=(!%%'.4 )$#!=')'.=$=)= *#.= ,(= ,)= %').= ,!= ##$*##= #+())$#(= '+!=

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ย”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

 = )$#!= 5= "%= $'= )= !)$'!=ยŒ=!4 $,=))=) *=+="$+=)$= . $= (= $= )= 5= )= (ยŒ=#= $= %$!)!= %')(= #= )= ())= (= ยŒ=#= "$'= #)'()#= (= %$!)!= #!.()(= !+= ))=  = ())= -$= ".= '*"!= *(= "$()= $= )= $$)= ($!'(= = '!=$#=".=*"%="=$'=) *4 #$)'= ($$!= $= )$*)= !+= ))= )= %$!)!= '!)$#(%= ),#= $'"'= += %'(#)= ) *= * '= #= . $= (= $(")4= . $= ,$*!= #$)= !!$,= ) *= "#= )$= += = (.= #= )= #,= )$#= #= )= ())= ()'((#= ))= . $=,!!=! =)$=+=)=$#)'$!= $= )= %').4= $,5= )= ())= %$!)!= !#"' = (= #= += #)$= ),$= "%(= <= * *'9(= "%5= ,= (= )= $!!$,#=%$!)!=!)$'(5== $!=

 5=)$#!='"#5==$#= '*#5= $'"'= $+'#$'= $= )= ())5= '$(($'= '!= "#*5= $'"'= *#$'=

#()'=$=!)==!.*=$#5== $!= #((=$'"'==)$= . $=#= #)$'=!!$=* *'4= != . $9(="%=(=$'"'== '(#)=) *=* '5=!="'=

#.,= *"5= ())= '"#5= $+'#$'= *')!= . $5= '=44=!(5= #)$'="=')=#)$'=#$,= '!!= #= 13= ""'(= $= )= ())= (("!.=!=.=)=(% '4


25

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

INTERVIEW

22 years on, Abia has progressed well â&#x20AC;&#x201C; Ezeikpe On August 27, 2013, Abians rolled out the drums to celebrate the 22nd anniversary of the creation of the =>?>@,>C?=>DF@GHP=>HQS>?SDTV?TW=HX@PP@Y@Q>DHT=ZHPH[[HGG>\@Q@[@XP?>DHT=>\@$XD?]>?>@$W^D=HP_ Council had an interaction with the press, with chairman of the Council, Dr Anagha Ezikpe (Ezeogo) as the spokesman, and Chief Bob Ogbuagu assisting him. He gave the synopsis of the struggle for the creation of $XD?]>?>@?TWW@Q[?P@W>\?>>\@=>?>@\?=P@QHPW@WFHW@P?>@}PHVP@==%21,)$&(2.2~2C?=>\@P@

C

ould you give us a brief history of the struggle for the creation of Abia State? Abia State was eventually 8?>4;>67 4J;>?7 ;=?>>7 4Â&#x152;>UB;Y7 ;97 C>;7 E;7 84?V>679@;7J?9U7 U9P7J;>?7;=>78?>4;E9579J7 U97;4;><7q>7J?9U7;=>79;=>?7YE6>79J7 U97 ;4;>7?>4xEž>67;=>75>>67;978?>4;>7459;=>?7 ;4;>7 E57 9@?7 4?>47 E57 9?6>?7 ;97 ?>6@8>7 ;=>7 B9B@x4;E957 6>5YE;M7 9J7 ³¹¹7 B>9Bx>7 B>?7 YÂľ@4?>7UEx>P7=EY7=EC=7B9B@x4;E9576>5YE;M7 EUB48;>67 957 ;=>7 @Y>7 9J7 x456<7 >8959UM7 45679;=>?7C?9q;=7E56E8>YP >7q>?>7895Y8E9@Y7;=4;7q>7=4V>74xx7;=>7 U4;>?E4xY7 E57 ;>?U7 9J7 UE5>?4xY7 4567 9;=>?7 ?>Y9@?8>Y7;=4;789@x67{>7;4BB>67;97Y@Y;4E57 ;=>7 >8959UM7 9J7 ;=>7 Y;4;>P7 >7 Y;4?;>67 B?>B4?E5C7J9?747Bx4;J9?U7@56>?7q=E8=7;97 ?>Âľ@>Y;7J9?747;4;>79J79@?79q5P =>7E6>47q4Y7B?>Y>5;>67;97?P7E8=>4x7 Â&#x192;B4?4<7 ;=>7 J9?U>?7 ?>UE>?7 9J7 J9?U>?7 4Y;>?57 EC>?E47 q=97 Âľ@E8Â&#x192;xM7 488>B;>67 4567 Y9x67 ;=>7 E6>47 ;97 U45M7 59;4{x>7 {E45YP77 >77{?9@C=;7E57 7ž>7?P7P7 5q>?>U46@7Âź7ž>@Â&#x192;q@79J7Cq4@Â&#x192;q@7 q=97 ?4xxE>67 ?9@567 ;=>7 B>9Bx>7 9J7 Cq47 EVEYE95745677E57;=>7Y4U>7V>E5<7895VE58>67 9@?7 {?9;=>?Y7 9J7 :Â&#x192;B97 EVEYE957 957 ;=>7 5>>67J9?747;4;>7M>;7@5Â&#x192;59q5P =>?>7 q>?>7 Y>V>?4x7 5>C9;E4;E95Y7 ;=4;7 >V>5;@4xxM7x>67;97;=>7:?Y;7U4}9?7U>>;E5C7 4;7 ;=>7 =E>7 >48=>?Y7 ?4E5E5C7 9xx>C>P7 =EY7 U>>;E5C7 q4Y7 4Â&#x152;>56>67 {M7 V>?M7 EUB9?;45;7 B>9Bx>7 4567 E;7 q4Y7 4C?>>67 ;=4;7q>7Y=9@x67?>Âľ@>Y;7J9?747;4;>79J79@?7 9q5P7 5747YU4xx7U>>;E5C74;7;=>7>;=96EY;7 =@?8=<7 U@>Cq@7 Â&#x192;B@4x47 q=>?>7 ?P7 Â&#x192;B4?47 q9?Y=EBB>6<7 E;7 q4Y7 6>8E6>67 ;97 Y>x>8;74754U>7;=4;7qExx7B@;7{E47;4;>7;=>7 5@U{>?Â?95>7 E57 4xB=4{>;E84x7 9?6>?7 9J7 ;=>7 ;4;>Y7 E57 EC>?E47 4567 ;=>57 q>7 Y>x>8;>67 ;=>7 :?Y;7 x>Â&#x152;>?7 9J7 ;=>7 6EVEYE95Y7 E5V9xV>67 E57;=>76>U45679J747;4;>754U>xMĂ&#x2039;77Âź79x67 {47 EVEYE95<7 7 Âź7 9x67 >56>7 EVEYE95<7 7 Â?7 Y@EÂ&#x192;q@4;97EY;?E8;<7Â?7:Â&#x192;B97EVEYE957 ;97C>;7;=>754U>7 P7777 ;7 q4Y7 95xM7 6@?E5C7 ;=>7 q?E;E5C7 9J7 ;=>7 U>U97J9?7;=>76>V>x9BU>5;79J7{E47;4;>7 E57 47 U>>;E5C7 4;7 ;=>7 4?7 @Y>@U7 ;=4;7 Y9U>95>7 4YÂ&#x192;>67 J9?7 47 E{x>7 4567 9B>5>67 ;=>799Â&#x192;79J7@Â&#x192;>7q=>?>7E;7q4Y76EY89V>?>67 ;=4;7 ;=>7 54U>7 Â&#x2039;{E4Â&#x2021;7 q4Y7 E57 ;=>7 E{x><7 4567 q4Y7 8=?EY;>5>67 Â&#x2039; 96Â&#x160;Y7 q57 ;4;>Â&#x2021;7 {M7 9V>?59?7 C{9554M47 5@<7 ;=>7 :?Y;7 8EVExE457 9V>?59?79J7{E47;4;>P =>?>7q>?>7;=?>>7B?>VE9@Y74Â&#x152;>UB;Y7;97 8?>4;>7 {E47 ;4;>P7 =>7 :?Y;7 q4Y7 ;=>7 95>7 J?9U7 ²º´²Â?²º´¯<7 q=>57 ;=>7 UExE;4?M7 89@B7 ;99Â&#x192;7 Bx48>7 4567 ;=>7 9V>U>5;7 J9?7 ;=>7 ?>4;E9579J7{E47;4;>7q4Y76EY{456>674567 ž>7P 7C>YE>74567UMY>xJ7q>?>74??>Y;>67 by the SSS and released after we have CEV>574789??>8;74889@5;79J7;=>7{E47;4;>7 9V>U>5;7U95>MP7=4;74889@5;7;964M7EY7 B@{xEY=>67E5747{99Â&#x192;7>5;E;x>Y7Â&#x2039; 96Â&#x160;Y7q57 ;4;><74574889@5;79J7;=>78?>4;E9579J7{E47 ;4;>Â&#x2021;7{M7>V7PP7q4{4?4P =>7 Y>89567 Y;4C>7 q4Y7 4J;>?7 ;=>7 6>4;=7 9J7 ?P7 7 Â&#x192;B4?4<7 ž>7 P P7 7 C{@x4J9?<7 ž>7 Â&#x192;>8=E7q46E59{E<7 77ž>7P7Â&#x192;456@7 4567>VP7?9JP7PP7q4{4?476E67459;=>?7 ?>Âľ@>Y;7 4567 ;=>M7 ?>Âľ@>Y;>67 U>7 ;97 C97 ;97 4C9Y7 ;97 Y@{UE;7 4567 Y>>7 9@?7 Y95Y7 q=97 q>?>7E574C9YP7 7q>5;7;97Â&#x192;4Eq>7q=97C9;7 ?P7 4x@7 6EÂ&#x192;47 4x@7;97;4Â&#x192;>7U>7?9@56P7 7

Ezeikpe

q4Y7 ;9x67 q=4;7 ;97 69<7 4567 q=>57 7 84U>7 8=E>J;4E58M7;E;x>79J7Â&#x2039;C@C@476EC{9Â&#x2021;74567 {48Â&#x192;<7 q>7 =467 47 U>>;E5C7 4;7 q>??E7 E57 ;=>57 895;E5@>67 ;97 6>U4567 ;=>7 8?>4;E957 ;=>7 =9@Y>7 9J7 =E>J7 9{7 C{@4C@P7 =EY7 9J7 U9?>7 ;4;>Y7 E57 C{9x4567 4x95C7 qE;=7 4Â&#x152;>UB;7 J4Ex>67 4Y7 47 ?>Y@x;7 9J7 9@?7 ;=>57 ž>9C97?P7Â&#x192;45@7 {E4UP79xx9qE5C7;=4;<7 8=9Y>57 >8?>;4?M7 ?>J@YE5C7 ;97 YEC57 ;=>7 {E47 ;4;>7 q4Y7 8?>4;>67 957 ;=>7 ¯°;=7 9J7 698@U>5;Y7 J9?7 U>7 ;97 ;4Â&#x192;>7 {48Â&#x192;7 4567 {M7 @C@Y;<7²ºº²P ;=>7 ;EU>7 =>7 4C?>>67 ;97 YEC5<7 7 C9;7 {48Â&#x192;7 =>57q>7q>?>7?>x>4Y>7{M7;=>7<7ž>7 ;97 U@4=E47 95xM7 ;97 =>4?7 ;=4;7 >5>?4x7 C>YE>7 4567 UMY>xJ7 q>5;7 ;97 ?>B9?;7 9@?7 {?4=EU7 4{45CE647 4559@58>67 ;=>7 9?6>4x7;97?P7BÂ&#x192;4?47q=977YMUB4;=Ež>67 8?>4;E957 9J7 4;YE547 4567 qE;=7 @Y7 {@;7 q>5;7 957 ;97 Â&#x192;q4Â? {9U7 ;4;>7 qE;=7 Y;Exx7 Y4M7 Â&#x2039;U@55>U7 ;4Â&#x192;>7Âź9Â&#x201D;7C?45;79J7ÂŻĂ&#x160;ÂąU7 {@?@C96E7 54U7 5q@?@7 >48=P 4q@7 UC{>7 9{@x47 4C47 =>7 ;=E?67 4Â&#x152;>UB;7 >Â&#x192;>7 ;>;E7 547 EC>?E47 @5@77 q4Y7 J?9U7 ²ºº¹7 q=>57 4C=4Â&#x192;q4x47 E=@7 547 @5@7 9@?7 B>9Bx>7 4xx7 9V>?7 ;=>7 Â&#x192;>;4?47{E4Â&#x2021;P7=EY7q4Y7E57 There were three 89@5;?M7 Y;4?;>67 q?E;E5C7 ²º´³74567=>76E6759;7Â&#x192;59q7 ;=>7 J>6>?4x7 C9V>?5U>5;<77 ;=4;7 =>7 q4Y7 C9E5C7 ;97 6E>P7 previous attempts U>5;E95E5C7 ;=>7 E5}@Y;E8>Y7 @;7=>76E>67E57²º´P7 7q4Y7 to create Abia 9J7 59;7 8?>4;E5C7 U9?>7 4BB9E5;>67 ;>UB9?4?M7 9  :<   ;4;>Y7 E57 9@;=Â?4Y;7 4?>47 x>46>?79J7;=>79?C45Ež4;E957 4567 :54xxM7 ;=>7 ž>Y7 E57 was the one from E57 47 q>xx7 4Â&#x152;>56>67 ;=EY79@?74?>47x>67{M7 7 U>>;E5C7 4;7 ExxE4UY7 1981-1982, when ž>7>54?675q>?>U46@7 >U9?E4x7 ?4UU4?7 the military coup q=97 q4Y7 ;=>7 =4E?U457 8=99x7 4567 Y@{Y>Âľ@>5;xM7 took place and 9J7 ;=>7 9@58Ex7 9J7 4Y7 ;=>7 =4E?U457 9J7 ;=>7 6E>ž><7 =EY7 J>xx9q7 ž>Y7 9?C45Ež4;E957E5747U>>;E5C7 the Movement 4J9?>U>5;E95>674567Y9U>7 E57 ;=>7 B4x48>7 9J7 <7 for the Creation 59;4{x>7 6EC5E;4?E>Y7 7 J?9U7 ž>7 P7 Â&#x192;955>74;7{47qE;=7 of Abia State C{9x4567 U>;7 E57 5@C@7 =E>J7 ?P7 PP P7 Â&#x192;>žE>7 4567 ?>8>EV>67 >5>?4x7 4Y7 ;=>7 >;@?5E5C7 ~8>?<7 was disbanded {?4=EU7 4{45CE647 4567 ž>7484@x4M7q45Â&#x192;q97 and Eze Egesie ?>E5J9?8>67 ;=>7 ?>Âľ@>Y;7 q4Y7 ;=>7 >B@;M7 and myself were J9?7 ;=>7 8?>4;E957 9J7 U9?>7 =4E?U457 4567 @Y;E8>7 ;4;>Y7 E57 C{9x4567 4567 arrested by the SSS C{9?9Cq@7Â&#x192;9U4Y7q4Y7 4;7 ;=EY7 ;EU>7 @56>?7 ;=>7 ;=>7>8?>;4?MP and released after 4@YBE8>Y7 9J7 =E>J7 ?P7 =>7 {E47 =4?;>?7 9J7 we have given a Â&#x192;4U<7?P7PP7C@98=4<7 Âľ@E;M7q=E8=7M9@7=>xB>67 correct account ?P7 4x@7 8=><7 =E>J7 ;97 6?4J;7 4567 q=E8=7 J>Cq@7 =@Â&#x192;q@7 4567 J48ExE;4;>67 ;=>7 8?>4;E957 9J7 of the Abia State 9;=>?YP7 7 U>U97 q4Y7 {E47=4Y7{>89U>747Y9@?8>7 Movementâ&#x20AC;&#x2122;s money Y@{UEÂ&#x152;>6P7 7 q>5;7 qE;=7 9J7 895;?9V>?YM7 J9?7 B9q>?7 ž>7 P PC{@x4J9?7 4567 Y=4?E5C7 E57 ;=>7 Y;4;>P77 =E>J7 Â&#x192;>8=E7 q46E59{E7 =9Y>7 ;=4;7 6?4J;>67 ;=>7 ;97 47 U>>;E5C7 4;7 5@C@7 8=4?;>?<7 6E67 ;=>M7 =467 E57 q=>?>7 ;=>M7 C4V>7 >5>?4x7 UE567 ;=4;7 B9q>?7 Y=9@x67 {?4=EU7 4{45CE647 ;=>7 ?9;4;>7 {>;q>>57 x67 {47

4567 x67 >56>7 EVEYE95Y7 9?7 4U95C7 >54;9?E4x7ž95>YP7 >7 =46<7 :?Y;7 9J7 4xx<7 47 895Y;E;@;E957 9J7 {E47 ;4;>7 9V>U>5;7 4567 7 q4Y7 ;=>7 8=4E?U4574567q>7=467459;=>?789UUEÂ&#x152;>>7 J9?7 ;=>7 =4?;>?7 9J7 Âľ@E;M7 q=E8=7 x4;>7 =E>J7 Â&#x201D;95?M<7 ;=>7 :?Y;7J?E8457 U>U{>?7 9J7 ;=>7 ;=>5794?67 9J7 =>xx7 P<7 q4Y7 ;=>57 8=4E?U45P7ž>7484@x4M7q45Â&#x192;q97q4Y7 ;=>?>74567Y9U>79;=>?7B>9Bx>P 7 =EY7 EY7 47 698@U>5;7 q>7 B?96@8>67 E57 C9967 895Y8E>58>P7 >7 4xx7 84U>7 ;9C>;=>?7 J9?7 {E47 ;4;>P7 J;>?7 Y9U>7 ;EU><7 B>9Bx>7 Y;4?;>67 4YÂ&#x192;E5C7 J9?7 {95ME7 Y;4;>7 4567 {47 ;4;>7 4567 ;=4;7 8?>4;>67 47 xEÂ&#x152;x>7 {E;7 9J7 6E~8@x;M7 4;7 ;=4;7 ;EU>P7 @;7 C9967 Y>5Y>7 B?>V4Ex>6P7J;>?7895Y@x;4;E95<7q>76>8E6>67 ;97B?96@8>7;=>7=4?;>?79J7Âľ@E;M<7E57C9967 895Y8E>58>Ă 7>5Y@?E5C7;=4;759{96M7q9@x67 {>7 x99Â&#x192;>67 69q57 @B957 qE;=E57 ;=>7 4?>4Y7 ;97 {>7 E5V9xV>67 4Y7 {E47 ;4;>P7 =4;7 q4Y7 ;=>7 95xM7 ?>4Y957 q>7 q>?>7 4{x>7 ;97 =9x67 >V>?M{96M7;9C>;=>?7;97C>;7;=EY7{E47;4;>P E;=9@;7 ;=4;7 698@U>5;<7 ;=>?>7 q>?>7 895;?9V>?YE>YP7 ;7 ;=>7 >567 9J7 ;=4;7 698@U>5;<7 E;7 EY7 Y;4;>6<7 q=>57 >V>5;@4xxM7 {E47 ;4;>7 EY7 8?>4;>6<7 ;=>7 U>U{>?Y7 9J7 ;=>7 Y;4;>7 9@Y>7 9J7 YY>U{xM7 Y=9@x67 {>7 B>?Y@46>67 ;97 B@;7 ;=>7 {E47 =4?;>?7 9J7 Âľ@E;M7 E5;97 x4q7 E57 9?6>?7 ;97 >5=458>7 ;=>7 =456Y7 9J7 ;=>7 B>9Bx>7 ;97 89UB>x7 45M7 C9V>?59?7957Y>4;7;9789UBxM7qE;=7E;7qE;=7 ;=>7 895;>5;Y7 9J7 ;=>7 =4?;>?7 9J7 Âľ@E;MP7 E58><7 4xx7 ;=>7 9@Y>Y7 9J7 YY>U{xM7 J?9U7 E58>B;E95<7 q>7 =4V>7 4BB?948=>67 ;=>U7 qE;=7;=EY7698@U>5;P 7;7 ;=>7 U9U>5;<7 q>7 =4V>7 4BB?948=>67 ;=>7 B?>Y>5;7 9@Y>7 9J7 YY>U{xM7 4567 q>7 =467 V>?M7 Y;?EÂ&#x192;E5C7 6EY8@YYE95P7 =>M7 6E67 4C?>>7 ;97 x99Â&#x192;7 E5;97 ;=>7 U4Â&#x152;>?P7 >7 =4V>7 C95>7 4=>467 ;97 B?96@8>7 47 6?4J;7 {Exx7 ;97 >54{x>7;=>U7;97697;=4;P7;7;=EY7Y;4C><7q>7 4Y79?6E54?M7B>9Bx>7q9@x67:567E;76E~8@x;7 ;97 B?>Y>5;7 4567 C>;7 ;=4;7 {Exx7 B4YY>6P7 9<7 q>7 4?>7 59q7 ;?ME5C7 ;97 C97 ;=?9@C=7 ;=>7 C9V>?5U>5;P7 =>7 U4Â&#x152;>?7 EY7 {>;q>>57 @Y7 4567 ;=>7 Â&#x152;9?5>MÂ? >5>?4xĂ 7 q>7 B?>B4?>67 E;7E5747q4M7;=4;7E;7qExx7{>7B4YY>6P 7 7U@Y;7Y4M7;=4;7;=>7YE;@4;E957;=4;7>XEY;>67 q=>57;=EY7=4?;>?79J7Âľ@E;M7q4Y7q?EÂ&#x152;>57 69>Y759;7>XEY;759qP7=>7;=?>>7Y>8;9?Y7q>7 =467 q4Y7 >56>7 EVEYE95<7 {47 EVEYE957 4567 :Â&#x192;B97 EVEYE95P7 Y@EÂ&#x192;q@4;97 q4Y7 59;747EVEYE95<7;=4;7q4Y7q=M7q>7U4?Â&#x192;>67 E;7 ;=>?>7 4Y7 47 EY;?E8;P7 =>?>7 EY7 47 ?>Â? >5CE5>>?E5C7 4567 ?>Â?4??45C>U>5;7 59q7 4567{>84@Y>7q>7=4V>7{>>57B?>YYE5C7;=4;7 ;=>7 9@Y>7EY7;=>795xM74?>4<7;=>M7qExx7x99Â&#x192;7 4;7 E;<7 ;4Â&#x192;>7 89C5Ež458>7 9J7 ;=>7 B?>V4ExE5C7 B9xE;E84x7 8955>8;E95Y7 4567 4??45C>7 E;7 E57 47 {?9;=>?xM7 U455>?7 q=>?>7 59{96M7 qExx7 {>79Â&#x201D;>56>6<7E5747YE;@4;E957;=4;7E;7qExx7{>7 >4YExM7 E5;>?B?>;>6P7 =4;7 EY7 q=4;7 q>7 4?>7 q4E;E5C7J9?P7>7=4V>759;7?>x>5;>674;74xxP Y7 U>U{>?Y7 9J7 ;=>7 {E47 ;4;>7 9V>U>5;7 q=97 4?>7 Y;Exx7 4xEV><7 45M;=E5C7 ;=4;745M7C9V>?5U>5;769>Y7;=4;7q4Y759;7E57 xE5>7qE;=7q=4;7q4Y79?ECE54xxM7B?9B9Y>6<7 q>7 4BB?948=7 ;=4;7 C9V>?5U>5;7 qE;=7 ?>YB>8;7;9789??>8;7E;P In your personal opinion, should power to be rotated among the three senatorial zones? continued on page 27


26

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

INTERVIEW

Sukuk, not aimed at Islamising Osun

- Commissioner As the race to occupy Bola Ige House, the seat of Government in Osun State, increases and various interests crop up, a Christian Organisation, under the leadership of Father Michael ‘Gbenga Ajayi engaged the Osun State Exchequer for explanation on the Islamic bond, called Sukuk in view of earlier accusations of islamisation plot against the administration of Ogbeni Rauf Aregbesola by a section of the Christian Association of Nigeria (CAN) and the opposition. The Commissioner for Finance, Budget and Economic Planning, Dr. Wale Bolorunduro, in this interview with MICHAEL OLANREWAJU rises in defence of the prospects of Christians and of the economy of the state.

Bolorunduro

years. It only makes sense to hedge against such trends so long as the interest rate on the loan is below the hy must we continue on obligations to the society as well as the 84x8@x4;>67 E5½4;E957 ?4;>P7 =M7 U@Y;7 a policy of uncontrolled public perception of our actions. We q>7{>7;=>7:?Y;7Y;4;>7E57EC>?E47;97EYY@>7 :;<<;=>@BD E;D F@G@HJD ;K<D have taken the pains not to borrow on out Islamic bond which programmes? conditions that will hurt the state, both will only enslave us to All governments borrow, and they now and in the future. In fact, all our some Islamic investors, must. This is because the type of borrowings are framed to make things whether individuals or responsibilities a government shoulders easier for the future generations as I will corporate? are things that cannot wait and shortly demonstrate. We are not signing which need far more money than the You will recall that at the inception of any agreement with any government realises within the given this administration it met an N18billion Islamic personality or space of time. Borrowing however term loan that threatened to asphyxiate organization, be it local must be controlled, for without control, the state. The structure of the loan meant or foreign. We are not it would all amount to a mindless an across-the-counter interest rate in enslaving the state in destruction. However, in Nigeria, the range of N650million a month. At any way through the borrowing by states is strictly regulated that time, the state’s IGR was about issuance of this bond. by the Central Bank of Nigeria as well N300million and monthly allocation Sukuk is like any other as the Federal Ministry of Finance. from the Centre stood at about conventional bond, =>7 x>V>x7 9J7 {9??9qE5C7 B>?UEŒ>67 ;97 47 N2.5billion: all this for a state with a qE;=7 ;=>7 95xM7 6E”>?>58>7 state is relative to its monthly federal salary bill of N2billion. When you do the {>E5C7 E;Y7 4Œ?48;E957 9J7 allocation, it’s Internally Generated arithmetic, it becomes clear that a loan additional investors who Revenue, (IGR), the size of its existing of this nature will kill the state slowly. will not support interest debt portfolio, among other indicators In addition, the loan was to develop borrowing and vanity 9J7:5458E4x7=>4x;=P six stadiums across the state. Stadiums projects. Investors are Government borrowing is premised will not add economic value, except you q>x89U>7 4Y7 47 U4Œ>?7 9J7 on the time-tested model that if credit are hosting the Olympics and the like. open business without EY7 Y9@?8>67 ;97 :5458>7 ;=>7 ?EC=;7 ;=E5CY7 This was a strong enough trouble for us reference to their like infrastructures and development that we had to source a fresh credit line religious background. of human capital, the environment is with favourable terms to liquidate that How does Sukuk being fertilised for productivity. Once N18billion debt as quickly as we can. operate? such productivity is well nurtured, it =>76E”>?>58>7E57;=>7E5;>?>Y;7?4;>Y74567 The Sukuk is a matures into a stable economy with other terms of the credit line meant a lot fund not supervised negligible unemployment and a robust of savings for the state. The N30billion or administered with base for revenue generation through we raised from the capital market with Islamic system of laws taxes. This will in turn, lead to a painless terms far more public-friendly than the or liturgy. Moreover, it is liquidation of existing indebtedness. commercial bank’s short-term loan that regulated in the strictest Borrowing therefore is not the problem was originally taken by the previous terms by the Nigerian but the purposes of the loan. There are administration. All details of the bond Security and Exchange other details of the structure of the loan, are transparent information in the Commission, SEC, on the its rate, term and moratorium etc. public domain as records kept by the same general principles I can assure you that the approach Securities and Exchange Commission, by which other regular of the Osun State Government SEC. bonds are administered. under Governor Rauf Aregbesola to One last crucial reason a government Let us note that the borrowing has followed a carefully {9??9q7EY7;97=>6C>74C4E5Y;7E5½4;E95P77 Security and Exchange calibrated professional order. We have road project costing N15 billion today Commission is at remained mindful of all of our moral will cost N20billion in the next two present being headed

W

{M7 ?@U>=7 Œ>=<7 47 ƒ59q57 =?EY;E457 woman. It is very important to point out that by the nature of the regulations establishing the Sukuk under the laws of Nigeria as a secular state, when a person invests in the Sukuk, he becomes a bondholder, not a lender of cash. What he has in the fund is not cash, but investment. The Security and Exchange Commission, SEC is directly responsible for managing the relationship between the bondholders and the state government. In other words, investors have no means of relating directly with the state government to initiate a conventional lenderborrower relationship. They must go through the SEC, following established guidelines ;=4;7 =4V>7 q>>6>67 9”7 sentiments that could in any form coerce or put pressures on the borrower or impose obligations that can upset the social order. All these measures have been taken by the SEC in formulating the guiding laws issuance of bonds so that the danger of a sour and oppressive borrowerlender relationship developing is not given a chance, to begin with. Y7J9?79@?7{>E5C7;=>7:?Y;7 state, I think it is simply that someone has to be

We have taken the pains not to borrow on conditions that will hurt the state, both now and in the future. In fact, all our borrowings are framed to make things easier for future generations


27

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

INTERVIEW ?>xECE957 EY7 {>E5C7 E5Y;E;@;E954xEY>67 9?7 >5=458>67 {M7 48;E95Y7 9J7 C9V>?5U>5;P7 7 qEY=7 ;97 ?>Y;4;>7 ;=4;7 ;=>7 95xM7 q4M7 ;=>7 @Â&#x192;@Â&#x192;7 =4Y7 ;97 697 qE;=7 ;=>7 Yx4UE87 ?>xECE95<7 EY7 E;Y7 595Â?E5;>?>Y;7 54;@?>7 4567 ;=>7 J48;7 ;=4;7 E;7 84559;7 {>7 @Y>67 ;97 J@567 >5;>?B?EY>Y7 ;=4;7 4?>7 ?>x4;>67 ;97 B?9Y;E;@;E957 4567 4x89=9x<7 U4?E}@4547 9?7 9;=>?7V45E;E>YP7 continued from page 25 >?Y954xxM7 7 4BB?>8E4;>7 ;=>7 J48;7 ;=4;7 9q<7 ;EU>7 =4Y7 {?9@C=;7 47 895½E8;P7;7 595Â?E5;>?>Y;7 x>56E5C7 48;@4xxM7 Y;4?;>67 ;=>7 ;EU>7 ;=EY7 698@U>5;7 q4Y7 q?EÂ&#x152;>5<7 qE;=7 ;=>7 Y?4>xE;>Y7 9J7 ;=>7 {E{xE84x7 ;EU>Y7 ;=>7 C>9C?4B=E84x7 6EYB9YE;E95Y7 q>?>7 q=97q>?>76EVE5>xM7E5Y;?@8;>6759;7;97CEV>7 6EÂ&#x201D;>?>5;<7;=4;7EY7q=M7q>7;=9@C=;7;=4;7E;7 x945Y7 ;97 ;=>E?7 89@5;?MU>57 957 E5;>?>Y;P7 EY795xM7;=>7 9@Y>79J7YY>U{xM7;=4;78457 =EY7 q4Y7 84;>C9?E84xxM7 6>8x4?>67 457 ?>Â?>5CE5>>?7;=EY7;=E5C74567B?>Y>5;7E;74567 @5J4E?7B?48;E8>P7E;=7;=EY7E57UE56<7595Â? B4YY7E;7E5747q4M7;=4;7597Y>8;E9579J7{E47 E5;>?>Y;7{45Â&#x192;E5C7?>4xxM7=4Y759;74Â&#x201D;?95;>67 qExx7{>79Â&#x201D;>56>6P In this light, what is your personal ;=>7895Y8E>58>79J747=?EY;E45P7 ;7=4Y759;7 EUB9Y>6747V4x@>7957=EU7;=4;7EY7895;?4?M7 ;P>@>;@U 79q<7q>74?>7E57478EVExE457C9V>?5U>5;4x7 ;97 =EY7 J4E;=P7 =>7 @Â&#x192;@Â&#x192;7 {9567 qExx7 59;7 YU@CCx>7 E57 45M7 ;MB>7 9J7 }@?EYB?@6>58>7 YMY;>UP7 >7 4Y7 U>U{>?Y7 9J7 6VEY9?M7 9@58Ex<7 4;7 ;=>7 ?>Âľ@>Y;7 9J7 ;=>7 9@Y><7 4xE>57 ;97 ;=>7 95>7 B?>Y>5;xM7 9B>?4;E5C7 qExx7 89U>7 E57 4567 CEV>7 9@?7 9q57 46VE8>P7 E57Y@57;4;>79?7E5;9745M74YB>8;79J7;=>7 =>M74?>7;=>7;>8=598?4;Y7q=97qExx759q<7 46UE5EY;?4;E95P7 7 ?>E;>?4;>7 ;=4;7 ;=>?>7 EY7 895YE6>?E5C7B9xE;E8Y7{>84@Y>7EJ7M9@789U>7 597 {Ex4;>?4x7 4C?>>U>5;7 ;97 ;E>7 @Y7 ;97 45M7 E5747B9xE;E84x7YE;@4;E9574567M9@7Y4M7;=EY7 Yx4UE87Y98E>;E>Y7Gx984x79?7J9?>EC5I<7{>7E;7 U@Y;7{>7695><7;=4;7U@Y;7{>7695><7q=>57 ;=>7 Yx4UE87>V>x9BU>5;745Â&#x192;79?745M79J7 M9@7 C9<7 ;=>7 ?>4x7 B9xE;E8E45Y7 qExx7 x99Â&#x192;7 4;7 ;=>E?7 ž95>Y7 4567 9;=>?7 ;=E5CY7 4567 ;=>79;=>?YP B@;7E;7E5747q4M7;=4;7;=>M78457Y>xx7;97;=>7 It is clear that you have an informed B>9Bx>P7=>7J@xx7{@YE5>YY79J7B9xE;E8Y74567 position on the faith-based funding in 6>U98?48M7EY7;=4;7E;7Y=9@x67{>7J4E?7;974xx7 question. Nevertheless, I can point out 8958>?5>6P7 @?7 B9xE;E8E45Y7 4?>7 84B4{x>7 one or two things that could align your 9J784??ME5C79@;747?>Â?>5CE5>>?E5C7EJ7;=>M7 P;O>E>;@D=>EYDT>@JD;@DEY>ODTG_J<U qEY=7;97697Y9P 7 9@?7 VE>q7 E56E84;>67 ;=>7 EUB?>YYE957 7 57 47 J>q7 64MY7 ;EU><7 {E47 ;4;>7 qExx7 ;=4;7 ;=>7 E5V>Y;9?7 Y>;Y7 @B7 4567 9q5Y7 ;=>7 8x98Â&#x192;7 ÂŻÂŻ7 M>4?YP7Y7 95>7 9J7 ;=>7 J9@56E5C7 4YY>;74567;=>78@Y;9U>?7GE57;=EY784Y><7;=>7 J4;=>?Y<7=9q7=4Y7;=>7Y;4;>7J4?>67E57M9@?7 Y;4;>7 C9V>?5U>5;I7 ?>Âľ@E?>Y7 G;4Â&#x192;>Y7 957 47 9BE5E957 4567 =9q7 8457 M9@7 89UB4?>7 ;=>7 x>4Y><7E57J48;IP77=EY7E6>47EY7E5488@?4;>7EJ7 6>V>x9BU>5;4x7 >Â&#x201D;9?;Y7 9J7 ;=>7 B?>Y>5;7 ;=>7 E5V>Y;9?7 EY7 Y>>57 4Y7 ;=>7 84Y=Â?x>56>?<7 46UE5EY;?4;E957qE;=7B4Y;7?>CEU>Y 7 ;7 95>7 Y;4C>7 =>?><7 7 Y4E67 EJ7 q>7 =467 9?7 >V>57 ;=>7 {956=9x6>?7 q=97 =4Y7 6E?>8;76>4xE5C7qE;=7;=>7x>YY>><7;=>7Y;4;>7 C9Â&#x152;>57;=EY7Y;4;>7E57²º´°<7q>7q9@x67=4V>7 =467 47 Â&#x192;E8Â&#x192;Â?9Â&#x201D;7 C?45;7 9J7 ÂŻĂ&#x160;Âą7 UExxE95P7 C9V>?5U>5;P7 =>57{E47 Y;4;>7 q4Y7 8?>4;>6<7 q>7 q>?>7 =>7J@56Y7q>7YB>4Â&#x192;74{9@;74?>7B99x>67 59;7 CEV>57 47 Â&#x192;9{97 ;97 ;4Â&#x192;>7 9Â&#x201D;P7 9@7 Y>><7 @56>?7 47 B>8E4x7 @?B9Y>7 >=E8x>7 GI7 ;=>Y>7 9~8>Y7 xEÂ&#x192;>7 ;=4;7 9J7 ;=>7  <7 ¹7 ;=4;7EY79q5>67{M7;=>7Y;4;>7C9V>?5U>5;P7 9J7 @Y7 {?9@C=;7 9@?7 E56EVE6@4x7 U95>M7 =>77EY7;=>79q5>?79J7;=>74YY>;YP7=>7 4567 {@Ex;7 ;=>7 E{?4?M7 V>5@>7 8=99xP7 7EY79q5>67{M7;=>7Y;4;>7C9V>?5U>5;7 ;7 q4Y7 9@?7 U95>MP7 ?45Â&#x192;7}9{>547 ;99Â&#x192;7 4567 EY7 Y@{}>8;7 ;97 J>6>?4x7 ?>C@x4;E95Y7 E;7 9V>?7 4Y7 9V>?5U>5;7 9~8>Y7 4567 q>7 @56>?7;=>7Y@B>?VEYE9579J7;=>7P7=EY7 q>?>7 59;7 B4E67 Â&#x192;9{97 89UB>5Y4;E95P7 7 EY7 59;7 ;97 {>7 =>46>67 {M7 Yx4UE87 V>57 V>=E8x>Y7 ;=4;7 x984x7 89UU@5E;E>Y7 8x>?E8Y<7{@;7{M7B?9J>YYE954xY7q=974?>759;7 {9@C=;7J9?7;=>E?7Y>89564?M7Y8=99xY7q>?>7 ;4Â&#x192;>5Ă 7 C9V>?5U>5;7 {@Y>Y7 q>?>7 {>E5C7 ?>Âľ@E?>67;97{>7@YxEUY7;97Âľ@4xEJM79?7{>7 Y9x67 E57 9?6>?7 ;97 C>;7 U95>M7 ;97 ?@57 ;=>7 895YE6>?>67J9?7;=>7}9{P7=>78@Y;9U>?7G;=>7 46UE5EY;?4;E95P7 =4;7 q4Y7 =9q7 q>7 ;99Â&#x192;7 Y;4;>7C9V>?5U>5;I7=E?>Y7;=>74YY>;Y7J?9U7 9Â&#x201D;P7 ;7 =4Y7 59;7 {>>57 >4YM7 ;97 697 q=4;7 ;=>7E5V>Y;9?79V>?74574C?>>67B>?E96P7=EY7 9;=>?Y7q>?>769E5CP EY7 59;7 Âľ@E;>7 Y9P7 =>7 Y;4;>7 C9V>?5U>5;7 >7Y>x>8;>674784BE;4x7q=E8=7q>784xx>67 9?7 8@Y;9U>?7 =E?>Y7 ;=>7 4YY>;Y7 J?9U7 ;=>7 {E47E;M<74x95C7?@?@Â&#x192;479467;97{4P7 =>?>7 EY7 47 {4?>7 x4567 q=>?>7 q>7 ;=9@C=;7 B>8E4x7@?B9Y>7>=E8x>7q=E8=7EY79q5>67 {M7 ;=>7 Y;4;>P7 =>7 E5V>Y;9?7 48Âľ@E?>Y7 ;=>7 q>7 89@x67 YE;@4;>7 ;=>7 84BE;4xP7 =>?><7 ;E;x>7 GEP>P7 9q5>?Y=EB7 698@U>5;YI7 ;97 C9V>?5U>5;7 qExx7 Â&#x192;E8Â&#x192;Â?9Â&#x201D;7 qE;=7 Y9U>7 ;=>7 4YY>;7 4567 x>4Y>Y7 E;7 ;97 ;=>7 8@Y;9U>?P7 9~8>Y7 E57 U@4=E47 4567 Y9U>7 9;=>?Y7 E57 {4 ;7 EY7 ;=>7 7 ;=4;7 =9x6Y7 ;=>7 ;E;x>7 ;97 ;=>7 7567;=>57q>7B?>B4?>7;=EY74?>4<7U4B7 4YY>;YP7 ;7 597 ;EU>7 69>Y7 ;=>7 ;E;x>7 ;97 ;=>7 9@;7Y;?>>;Y<76?4E54C><74567>x>8;?E8E;M74567 4YY>;Y7 B4YY>Y7 ;97 ;=>7 8@Y;9U>?P7 =>7 ;E;x>7 Bx9;7 E;7 9@;7 {@;7 4{45CE647 4559@58>67 ;97;=>74YY>;Y7EY7=>x67{M7;=>7Y;4;>Â?9q5>67 U@4=E4P7 >7 xEV>67 =>?>7 qE;=7 @YP7 >7 P7 =>7 E5V>Y;9?7 =9x6Y7 95xM7 ;=>7 ?EC=;7 q4Y747V>?M78=4?UE5C7U4574567=>7x9V>67 ;97{>7?>B4E67B?E58EB4x74567?>;@?5Y7@B957 U@4=E474567=>7q4Y7Â&#x192;E567;97U@4=E47 q=>57 =>7 q4Y7 47 M9@5C7 UExE;4?M7 9~8>?7 U4;@?E;M79J7;=>7{956P 7 7 8958>6>7 ;=4;7 E57 C>5>?4x<7 M9@?7 =>?>P Âľ@>Y;E95Y7?>½>8;7q=4;7U@Y;7{>7;=>7J>4?Y7 9J74xx7595Â?@YxEUY7q=974?>7Y;4Â&#x192;>=9x6>?Y7 E57;=>7Y;4;>P7>7=4V>7;=>7?>YB95YE{ExE;M7 ;97 45Yq>?7 ;=>E?7 Âľ@>Y;E95Y7 4567 4YY@4C>7 ;=>E?7 J>4?YP7 =EY7 =4Y7 4xY97 =EC=xEC=;>67 ;=>7 J48;7 ;=4;7 >V>57 ;=>7 >8@?E;M7 4567 X8=45C>7 9UUEYYE957 5>>6Y7 ;97 697 U9?>7 ;97 >5xEC=;>57 ;=>7 B@{xE87 957 ;=>Y>7 U4Â&#x152;>?Y<7CEV>57;=>7Y>5YE;EVE;M79J7?>xECE957 E579@?789@5;?MP7>7qExx7895;E5@>7;97{>4?7 E57UE567;=>75>>6759;7;97U4Â&#x192;>7=?EY;E45Y7 J>>x7EC59?>679?7>5;?4BB>67E57;=EY7U4Â&#x152;>?P7 @;74Y7=?EY;E457{45Â&#x192;>?<7 784574YY@?>7M9@7 ;=4;7qE;=7;=>7x>V>x79J784?>7;4Â&#x192;>57{9;=74;7 54;E954x74567Y;4;>7x>V>xY<7=?EY;E45Y78457 ?>Y;7 4YY@?>67 ;=4;7 ;=>E?7 J4E;=7 qExx7 59;7 {>7 4YY4Ex>67E57;=>7U4Â&#x152;>?79J7;=>7@Â&#x192;@Â&#x192;74567 ;=>M7qExx759;7{>76EY8?EUE54;>674C4E5Y;7E57 45M7q4MP7=>7B?96@8;79J7;=>7{9567qExx7 {>7@Y>67J9?7;=>79V>?4xx76>V>x9BU>5;79J7 ;=>7Y;4;>74567q>7qExx74xx7{>7{>Â&#x152;>?79Â&#x201D;74;7 Ezeikpe ;=>7>56P

â&#x20AC;&#x2DC;How Abia State was createdâ&#x20AC;&#x2122;

;=>7 :?Y;P7 ;7 =4Y7 E;Y7 69q5YE6><7 {>E5C7 ;=>7 :?Y;7E57Y9U>7E5Y;458>Y<7{@;7B>?=4BY<7E;7EY7 ;=>7?>x@8;458>7;97J48>7;=>7:?>79J7;=EY7;MB>7 9J7Y8?@;E5M7;=4;7=4V>7U46>79;=>?7Y;4;>Y7 6?4q7{48Â&#x192;7=E;=>?;9P7 ?9J>YYE954xxM7 YB>4Â&#x192;E5C<7 =9q>V>?<7 9{;4E5E5C7 8x>4?458>7 J?9U7 EC>?E457 ?>C@x4;9?M7 4@;=9?E;E>Y7 ;97 ?4EY>7 47 {9567 EY7 59;7 47 q4xÂ&#x192;7 E57 ;=>7 B4?Â&#x192;P7 ;7 EY7 457 @56>?;4Â&#x192;E5C7 ;=4;7 ;4Â&#x192;>Y7 ;=>7 84U>x7 ;=?9@C=7 ;=>7 >M>7 9J7 ;=>7 5>>6x>P7 =>7 {4x458>7 Y=>>;7 9J7 ;=>7 4BBxE845;7 Y;4;>7 EY7 84?>J@xxM789U{>67E5747B?98>YY7;=4;7;4Â&#x192;>Y7 4{9@;747M>4?P79;7U45M7Y;4;>Y78457B4YY7 ;=4;7 Y;?E5C>5;7 ;>Y;7 9J7 ;?45YB4?>58M7 4567 B?9V>57:5458E4x7=>4x;=P Why havenâ&#x20AC;&#x2122;t states like Zamfara and others in northern Nigeria taken this OEJPD;QD ORGT>HDF@G@H>@BD;PE>;@OU 9?7?>4Y95Y7Y;4;>674{9V><7B>?=4BYP77 ;7 qExx74xY974BBxM7;9745M79;=>?7Y;4;>7E5745M7 ?>CE9579J7;=>789@5;?MP Has Osun State been declared an ORGT>HD OEGEJD :XD >EOD :JJ@D EYJD F<OED E;D state in the country to adopt this TJEY;[D;QDF@G@H>@BD;PE>;@D:GOJ[D;@DEYJD Sharia jurisprudence and Islamic value OXOEJTOU 9?7 47 J48;<7 ;=>7 @Â&#x192;@Â&#x192;7 {9567 EY7 59;7 46UE5EY;?4;>67 @56>?7 457 Yx4UE87 }@?EYB?@6>58>P7 =>7 EC>?E457 >8@?E;M7 4567 X8=45C>7 9UUEYYE957 EY7 ;=>7 Y9x>7 ?>C@x4;9?7 9J7 ;=>7 {9567 q=E8=7 E;7 46UE5EY;?4;>Y7@56>?7;=>7Y>8@x4?7x4qY79J7 ;=>7>6>?4x7>B@{xE879J7EC>?E4P Is this not a step toward the establishment of Sharia system of \K<>OP<K[J@HJD>@DOK@DEGEJU ?9U7 M9@?7 B>?YB>8;EV><7 7 8457 @56>?Y;4567;=EY78958>?5P75M7=?EY;E457 q=97 EY7 4q4?>7 9J7 ;=>7 B?9J>YYE954x7 8=4?48;>?7 9J7 ;=EY7 J@56E5C7 YMY;>U7 EY7 {9@567 ;97 =4V>7 }@Y;E:4{x>7 J>4?Y7 4567 q>7 ?>89C5EY>67 ;=EY7 4xx7 4x95C7 4Y7 47 C9V>?5U>5;P7 >7 ?>89C5EY>7 ;=>7 9;=>?7 YE6>79J7;=>789E5<754U>xM<7;=>7E59?6E54;>7 ;?E@UB=4xEYU7 J>>xE5CY7 ;=4;7 Y9U>7 @YxEUY7 U4M7 =4?{9@?7 ;=4;7 ;=>7 Yx4UE87

E;=7 ;=EY7 YE;@4;E95<7 M9@7 :567 9@;7 ;=4;7 q>7 =4V>7 ;97 6>V>x9B7 47 Y;4;>7 84BE;4x7 E57 47 x984x7Y>Â&#x152;E5CP7 ;7EY759;7>4YMP7=>Y>7Bx48>Y7 q>7=4V>78=9Y>574Y784BE;4x<7E;7EY759;7>4YM7 J9?745M7C9V>?59?7q=97EY7J?9U7;=EY7Y;4;>7 ;97 C97 E57 4567 6>Y;?9M7 ;=E5CY7 E57 9?6>?7 ;97 EUU>6E4;>xM7B?96@8>7;=>7Â&#x192;E5679J784BE;4x7 45M{96M7q9@x67xEÂ&#x192;>7;97Y>>P 4Â&#x192;>7{4Ă 7;=>?>7EY7Y97U@8=7U95>M7E57 {47;=4;7597Bx457;=4;7M9@7{?E5C7;97{477 qExx7q9?Â&#x192;Ă&#x2039;7695Â&#x160;;7{@Ex67=>?><7695Â&#x160;;76?9B7 q4Y;>7E57;=>76?4E54C><7;=>M7qExx7697;=4;7 {>84@Y>7 ;=>M7 =4V>7 ;=>7 U95>M7 ;97 {?E{>7 4xx7 ;=>7 B>9Bx>7 4?9@567 4567 697 9BB9YE;>7 q=4;7 ;=>7 C9V>?5U>5;7 q=97 q45;Y7 ;97 8x>457;=>7Bx48>7qExx769P 7 74U759;7Y4ME5C7;=4;745M7C9V>?5U>5;7 ;=4;789U>Y7E57=>?>7Y=9@x6759;7;?M7;97CEV>7 47 {>Â&#x152;>?7 Y;4564?67 9J7 xEJ>P7 7 @;7 q=>57 q>7 >V>5;@4xxM7 8?E;E8Ež><7 E;7 EY7 ;97 Â&#x192;59q7 ;=>7 {48Â&#x192;C?9@567 J?9U7 q=E8=7 q>7 84U>7 @B7 ;97 ;=EY7 Y;4C>7 4567 q>7 qExx7 {>7 4{x>7 ;=>57 ;97 Â&#x192;59q7 q=4;7 q>7 =4V>7 48=E>V>6P7 7 xEÂ&#x192;>7 >V>?M;=E5C7 695>7 q>xxP7 7 =4V>7 {>>57 xEÂ&#x192;>7 ;=4;74xx7UM7xEJ>P 567 7 Â&#x192;59q7 ;=4;7 >V>?M7 C9V>?5U>5;7 q9@x67xEÂ&#x192;>7;976>V>x9B7;=>7Y;4;>P7@;7q=4;7 697M9@7697q=>57M9@7CEV>79@;7895;?48;Ă&#x201C;77 Y7 Y9957 4Y7 ;=>7 895;?48;9?7 C>;Y7 ;=>7 U95>M<7=>7qExx7C974567{@M7{EC7V>=E8x>Y<7 6?EVE5C7 4?9@567 4567 ;=>57 697 47 Y=966M7 }9{P74x4?E>Y74?>759;7{>E5C7B4E6P7V>57EJ7 M9@7C97;97{@}47;97C>;7M9@?7Y4x4?M<7;=>M7 q45;7 ;97 89xx>8;7 ²¹7 B>?7 8>5;P>7 4?>7 ;=>7 4?8=E;>8;7 9J7 ;=>7 UEYJ9?;@5>7 q>7 4?>7 59q7 >XB>?E>58E5CP7 J7 >V>?M{96M7 YE;Y7 @B7 4567 697 q=4;7 EY7 >XB>8;>67 ;97 {>7 695><7 ;=>?>7 qExx7{>7U95>M7x>J;7;97B4M7Y4x4?E>YPP =4;7 EY7 59;7 ;97 Y4M7 ;=4;7 q>7 4?>7 >589@?4CE5C7@56>?76>V>x9BU>5;P ;7qExx7 Y;4?;7 J?9U7 >V>?M95>7 9J7 @YP7 =>57 q>7 697 9@?7 {E;<7 ;=>57 q>7 qExx7 q4E;7 J9?7 45M7 C9V>?59?7q=97qExx759;7q45;7E;7695>P7>7 4?>759;74xx76>46P Do you think that the aspiration for H<JGE>@BD:>GDYGOD:JJ@DTJEU ?46@4xxM<7 q>7 4?>7 U9VE5CP7 9@7 ?>U>U{>?7 ;P7 95P7 Â&#x192;B4?4Ă&#x201C;7 >7 ?@x>67 q>xxP7 >7 q>?>7 =4BBM7 qE;=7 =EUP7 =M7 q4Y7 E;7 B9YYE{x>7 J9?7 =EU7 ;97 ?@x>67 q>xxĂ&#x201C;7 >84@Y>76@?E5C7;=>7;EU>7=>7q4Y7?@xE5C<7 M9@7 ;>xx7 45M7 C{9U45<7 Y;4567 =>?>7 ;Exx7 7 89U><7=>7qExx7{>7;=>?>P7 ;7 ;=>7 ;EU><7 x>46>?Y7 q=97 qExx7 ;4Â&#x192;>7 E5Y;?@8;E957 4567 84??M7 9@;7 ;=9Y>7 E5Y;?@8;E95Y7 EY7 >4YE>?7 ;=457 ?@x>?Y=EB7 q=>?>7 >V>?M{96M7 ;=E5Â&#x192;Y7 =>7 EY7 ?EC=;7 @B7 ;=>?>P >7=4V>7C95>7;=?9@C=7478EVEx7q4?P7>7 84U>7{48Â&#x192;7B>55Ex>YY74567Y;4?;>674xx79V>?7 4C4E5P7>7q9?Y=EB7>V>?M{96M7q=978457 {@M7 C?9@567 5@;7 4567 CEV>7 U95>MP7 >7 =4V>7J9?C9Â&#x152;>579@?78@x;@?>P7 ;7EY759;795xM7 =>?>P7J;>?7;=>7>895679?x674?7G²º³ºÂ? ²ºĂ&#x160;I<7q>7q>5;7;975Cx456<7q>7Y4q7;=>7 6>V4Y;4;E95P7 7 q>5;7 ;97 Y;@6M7 U>6E8E5>7 ;=>?>7 4567 @B7 ;Exx7 ;964M<7 M9@7 Y>>7 B>9Bx>7 q=974?>7Y;Exx7Y@Â&#x201D;>?E5C7J?9U7;=>7>Â&#x201D;>8;79J7 ;=4;78EVEx7q4?P

>?>79@?7M9@5C7U>57q9@x6759;7q45;7 ;97 C97 ;97 Y8=99x7 4567 x>4?57 B?9B>?xMP7 =>M7 q95Â&#x160;;7 xEÂ&#x192;>7 ;97 C97 4567 {>89U>7 457 4BB?>5;E8><7 ;97 {>7 B?9B>?xM7 ;?4E5>6P7 Y7 47 ?>Y@x;<7 q>7 =4V>7 x9Y;7 9@?7 V4x@>YP7 97 x>46>?7 =4Y7 {>>57 4{x>7 ;97 697 q=4;7 ?>YE6>5;7 q4U>7 Â&#x192;?@U4=7 6E67 E57 =454Â?7 48Âľ@E?E5C7 YÂ&#x192;ExxY7 4;7 ;=>7 Y4U>7 ;EU>P7 xx7 ;=>Y>7 ;=E5CY7 89@5;P7 45M7 9J7 9@?7M9@5C7U>5769759;7Â&#x192;59q7=9q7;97B@;7 95>7{x98Â&#x192;7957;9B79J7;=>79;=>?P 7=>7Y4U>74U9@5;79J7U95>M7M9@7YB>567 {@Ex6E5C7 47 {467 =9@Y>7 EY7 ;=>7 Y4U>7 M9@7 YB>567{@Ex6E5C747C9967=9@Y>P7xx7;=4;7EY7 ?>Âľ@E?>67 EY7 47 Y>5Y>7 9J7 YÂ&#x192;Exx7 4567 {>4@;MP7 97J4?<7EJ7M9@7x99Â&#x192;74;7;=>78956E;E95Y7J9?7 q=E8=7 9@?7 B>9Bx>7 4?>7 q9?Â&#x192;E5C<7 q>7 4?>7 U4Â&#x192;E5C7 B?9C?>YYP7 9<7 7 8457 Y4M7 q>7 4?>7 ;?ME5CP7 @;7 q>7 =4V>7 8E?8@UY;458>Y7 ;=4;7 U4Â&#x192;>7 @Y7 x99Â&#x192;7 4Y7 EJ7 q>7 4?>7 59;7 69E5C7 45M;=E5CP


28

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

INTERVIEW

Oyo politics: Ladoja, Akala, no threat to Ajimobi â&#x20AC;&#x201C; APC chieftain Alhaji Abass Oloko, a director with the Oyo State Health Management Board, was formerly a chieftain of the Peoples Democratic Party (PDP). He told OLUSAKIN BABALOLA in Ibadan that he parted ways with Otunba Alao-Akala, the former state governor, on grounds of >\@[?>>@PÂ&#x2C6;=WD=?VP@@F@T>CD>\>\@$[??Â&#x2030;THG2_H2X? Lamidi Adeyemi. Oloko also canvassed a second term for Gov. Abiola Ajimobi for â&#x20AC;&#x153;the peaceful atmosphere pervading the stateâ&#x20AC;?.

Y

our tutelage was under the late Chief Lamidi Adedibu, the strong man of Ibadan politics. But you are now in the APC, while Baba was a die-hard PDP man when he was alive? Baba was a progressive till his death. He was in the defunct Action Group to the end of that regime. He remained with the UPN in the second republic. He was a detribalised politician who did not allow Ibadan sentiment to becloud his sense of judgment by supporting a non indigene What do you mean by that? Baba did not support an Ibadan man as a governorship candidate for a sentimental reason. He supported the late chief Bola Ige as governor of Oyo State despite the fact that late chief Ige was an Ijesha man. He did the same for the late Chief Sunday Afolabi. He went for merit and that is why we adored him as our godfather. But why did you leave PDP, was it because the late chief Adedibu has died? I left the PDP because of its protracted and unresolved crises. It is shameful that a party that parades many leaders cannot be as peaceful as expected. When Governor Alao-Akala was in government, we were fully with him and gave him our views on some sensitive issues. All the stakeholders of the party like Senator Lekan Balogun, Senator Teslim Folarin, Senator Rashidi Ladoja, Elder Wole Oyelese and Alhaji Hazeem Gbolarumi fell apart .It was a bad signal for the party in the state and it bled almost till death. Which of the personalities you mentioned, who would you say contributed to the problems of PDP in the state? >784574Â&#x152;?E{@;>7;=>78?EYEY7;97;=>76>4;=7 of Baba Adedibu. Baba Adedibu was the rallying point in PDP. After the death of Baba, there was no other reliable leader in the party. Nobody was able to lead with such commitment as Adebibu. After the death of Baba Adedibu, AlaoAkala wanted to head the government and at the same time, lead the party. But essentially, the party died with Adedibu. J7 =>7 q4Y7 4xEV>7 ;=>7 895½E8;Y7 q9@x67 =4V>7 been solved. What was the nature of the alleged disagreement? ;7 q4Y7 =EY7 6EY?>YB>8;7 J9?7 ;=>7x44:57 9J7 Oyo, Oba Lamidi Adeyemi. I told him there was no point disagreeing openly with a top traditional ruler like the x44:5P7 964M<7 U45M7 C9V>?59?Y7 ?>YB>8;7 x44:57 E57 =EY7 ?>V>?>67 B9YE;E95P7 7 {47 Adeyemi is an institution. There is no way you can rewrite Yoruba history. That was why I parted ways with Alao-Akala and his party. OD P;R>E>HGRD ;0HJD Y;R[J<OD >@D EYJD OEGEJ~D what role did you play to ensure he did the right things then? J7M9@78457?>48=7=EU<7M9@78457:5679@;7 from him. I advised him on the dangers E5=>?>5;7E57:C=;E5C7;=>7x44:5P7 7>Âľ@4xxM7 Bx>46>67qE;=7=EU759;7;97Âľ@4??>x7qE;=7;=>7 Aare Musulumi of Yoruba land, Alhaji

Azeez Arisekola because they are all leaders, not only in Oyo State, but in the whole nation. Arisekola, you know, is the vice-chairman of Supreme Council for Yx4UE87Â&#x201D;4E?YĂ 7=>7EY759;74579?6E54?M7U45P7 I told him to handle these leaders with care. Baba Arisekola is in Ibadan, he is not a politician but people respect him for his philanthropy. When exactly did you part ways with the PDP? I left PDP before the election of 2011 Oloko which brought Ajimobi to power. By then, Senator Ayo Adeseun, myself and cabinet, he did not see anything wrong in others went to Mapo Hall with our army the government policies and programmes. of supporters where we publicly declared He, Ladoja now said Ajimobi spied what he wanted to do. Where is the logic and for the then ACN. Where you rewarded for decamping to wisdom in that? G@D =JD EGRÂ&#x20AC;D G:;KED EYJD J@[;<OJTJ@ED the defunct ACN? Yes. I am currently with the Oyo of Ajimobi as the partyâ&#x20AC;&#x2122;s governorship State Health Management Board. I am a candidate for 2015? We are youths, can we compare the time director there. Senator Ladoja was alleged to have when Brigadier General David Jemibewon :?Y;7895Y;?@8;>6747½M9V>?Ă&#x201C;7 consistently been We knew how much he G_GHÂ&#x20AC;>@BD \>T;:> D YGED did it. Chief Bola Ige came, is your disposition to the Chief Kolapo Ishola came said verbal war? and Chief Lam Adesina. I have repeatedly They were progressives, reminded High Chief but couldnâ&#x20AC;&#x2122;t construct any Ladoja that he can I have repeatedly ½M9V>?P7 @;7 EJ7 M9@7 >5;>?7 become Olubadan Ibadan now, whether you anytime by virtue of his reminded High like the face of Ajimobi or traditional position. He Chief Ladoja that you detest it, you will see should handle politics ;=>7 6EÂ&#x201D;>?>58><7 ?>C4?6x>YY7 with care. Ajimobi is a he can become of which party you belong younger brother to him. Olubadan to. You will see what he The Governor loves him so much but I am anytime by virtue has done. Should we then hand surprised why he is using of his traditional over to spoilers who politics to divide them. would destroy all the good When Ajimobi agreed to position. He works that have been done work with Ladoja, the should handle and which have not been late Alhaji Lam Adesina completed? That is why warned him to be very politics with I plead with all lovers of cautious. care. Ajimobi is a APC to let us cooperate Lam even counselled with this man and endorse Ajimobi to work with younger brother him for second term. Let Ladoja on personal level, to him us commend those who and not in the name of put eight years in our ACN. But because of constitution, it is worth his large heartedness, practising that eight years and against the wish long, he is doing his best of Lam Adesina, the and we need to encourage Governor went ahead him. and accommodated As indigenes of Ibadan members of Accord we are not suppose to Party of Ladoja in his stand in the way of our government â&#x20AC;&#x201C; four special 4YYEY;45;YĂ 7 U>U{>?Y7 9J7 94?67 J?9U7 kinsman in his bid to serve this state Accord Party were employed. But why {>Â&#x152;>?P7 =>57 x>46>?Y7 xEÂ&#x192;>7 =E>J7 9x>9Y97 did Ladoja then criticise and condemned from Oke Ogun could support the second the state government where he had term of Ajimobi, why should some Ibadan ?>B?>Y>5;4;EV>YP7=4;7EY7{E;E5C7;=>7:5C>?Y7 people go against good things? Donâ&#x20AC;&#x2122;t you see CPC and ANPP as that fed him. It was unfortunate that Ladoja, an Ibadan man started war with obstacles to the second term aspiration of Ajimobi? his younger â&#x20AC;&#x2DC;brotherâ&#x20AC;&#x2122;. When we voted during the last election, What is your view about the CPC was in the fourth position. When they H;@E<;Â&#x201A;J<O>GRD;Â&#x20AC;;RGDÂ&#x192;X;Â&#x201A;J<U I have said it often times that it is what now placed advertisement in a newspaper you have that you can give. The controversy calling on members not to come to Mapo began because of disagreement of Ladoja Hall for APC rally, did the party faithful with the forward looking governor. When heed their call? No, rather,they turned up he had many appointees in Ajimobiâ&#x20AC;&#x2122;s in large numbers. They should not engage in rebellion to disturb the progress and

success of APC. Now, they cannot claim that they are bigger than Ajimobi. When Ajimobi wanted to contest on the platform of ANPP, he met very few people there. They have nothing to lose by cooperating with the governor. But if they insist on having the primary to pick the governorship candidate, we are ready ;97C97;97;=>7:>x6P KEDEY>ODH;@Â&#x192;>HEDHG@DHGKOJDOJED:GHÂ&#x20AC;DQ;<D the success of the party? No, not at all. The teething problem is expected because we have increased in number. The Yoruba has a proverb that the bigger the head, the bigger the headache. What advice or appeal do you have for RYG\>DGX;DY>_KDG@[DJ@GE;<DG@RJY>@~D two governorship aspirants of APC? >54;9?7 45x>=E57 EY7 59;7 Âľ@4??>xxE5C7 with anyone. What he is saying is that the governor does not carry him along. I was with them there at the meeting. The governor told him that whatever he wanted to know, he should ask him because when he Ajimobi) was a senator, the then governor, Lam Adesina would not tell him anything except he asked. JEDKODB;D:GHÂ&#x20AC;DE;DEYJD>OOKJD;QDP<>TG<>JO~D are you not in support of it? I am. But I will prefer that the aspirants come to together and agree on a candidate, but if they insist, as I said, then let them go ;97;=>7:>x67;97;>Y;7;=>E?7B9B@x4?E;MP745M7 of them have their people in Ajimobiâ&#x20AC;&#x2122;s cabinet. What else do they want from him? YGEDG:;KEDEYJDQGHE;<D;QDRG;Â&#x2020;Â&#x20AC;GRGD>@D 2015 governorship election? Alao-Akala and Ladoja cannot threaten the chance of APC. Alao-Akala was betrayed by many politicians, who went 9574E?7;97895:?U7;=4;P7 ;7EY759;7B9YYE{x>7J9?7 Ladoja and Alao-Akala to work together. Who among them will drop his partyâ&#x20AC;&#x2122;s symbol? Why has the position of the party leader been causing crisis in APC? There is nothing called party leader for APC now. We have not done ward, local or state congress. But we have Senator Ajimobi as our governor and we will remain 100 percent loyal to him. Some critics of his administration said that the governor has not done much to deserve the encomium being poured on him. What do you say to this? We thank God for how He has been using Ajimobi to reposition this state. Some days ago, the governor disclosed that his administration has been annually 89UUEÂ&#x152;E5C7 ÂłP¡7 {57 ;97 ;=>7 9@;=7 Empowerment Scheme of Oyo state (YES-O). You will see that the governor expressed his displeasure at the conduct 9J7 Y9U>7 9~8E4xY7 9J7 Â?P7 >7 =4Y7 695>7 well by monitoring the activities of these youths. He assured the good ones that he would also begin vocational training for them next month to make them self reliant and useful for themselves and the society. How many governments have gone to this level? 99Â&#x192;7 4;7 ;=>7 4?>47 9J7 Y>8@?E;MĂ 7 q>7 =4V>7 to appreciate how things are now. Throughout the tenure of Alao-Akala, it was one crisis or the other. Now, there is relative peace in the state. You can go out safely without the fear of molestation and harassment. You can easily recall the power tussle among the NURTW â&#x20AC;&#x201C; Tokyo, Tawa Eleweomo. Tokyo was put there by Alao-Akala and later, he was alleged to be holding secret meetings with Folarin and was removed and replaced. But immediately Ajimobi assumed power, all these became history. >8@?E;M7 9@;:;7 84xx>67 B>?4;E957 @?Y;7 is now in place to checkmate criminals. Ajimobi is for peace. See how peaceful the state is. No more killings by vehicles on the roads.




        

 

        ! 

!

   

  " 

 !   

 

    

 Ô ",Ô Ô (%%-"('Ô (Ô )(&,Ô "-Ô -(Ô+"',Ô0!(Ô(. !-Ô-!Ô ((Ô Ô !-Ô -(Ô !"/Ô "')''Ô "'Ô-!"+Ô/+"(.,Ô(.'-+",= %-!(. !Ô -!Ô .-!(+Ô 'Ô )(->Ô +(,,(+Ô &(-(2Ô %(+(>Ô-!,Ô(-'2Ô-Ô-!Ô &"Ô0(%(0(Ô '"/+,"-2>Ô !Ô !,Ô ).%",!Ô 'Ô "-Ô ,(Ô &'2Ô (($,Ô ('Ô .++'-Ô )(%"-"%Ô'Ô,("%Ô”Ô"+,=Ô!",Ô ('Ô ",Ô '(Ô 1)-"('=Ô +(0"' Ô .)Ô "'Ô 'Ô .-!'-"Ô -+"-"('%Ô &"%2Ô -2)"%Ô (Ô (+.%'>Ô !",Ô )+'-,Ô 0+Ô +&+,Ô ,(Ô -!",Ô .-!(+Ô !Ô .-!'-"Ô (+.Ô .%-.+%Ô 1)+"',Ô ,Ô Ô !"%=Ô '-+,-"' %2>Ô -!",Ô 0(+$Ô",Ô-!Ô' %",!Ô-+',%-"('Ô (ÔÔ0(+$Ô(+" "'%%2Ô0+"ŒÔ'Ô"'Ô (+.Ô 'Ô -"-%Ô 0('Ô &(Ô #.Ô+(=Ô!.,Ô /Ô+",Ô-(>Ô!Ô &(-!+"' Ô%((&,= +(,,(+Ô %(+(Ô %"/+Ô Ô ))+Ô -"-%Ô Õ!Ô --Ô (Ô " +"Ô -+Ô '"ÖÔ -Ô -!Ô +'-%2×!%Ô '"Ô 0!"'&"Ô 8-!Ô &(+"%Ô -.+= !",Ô (($Ô ",Ô )+,'-Ô "'Ô ,"1Ô !)-+,Ô 'Ô !Ô ('Ô )"-,Ô Ô )+,('%Ô ,-+. %Ô -(Ô %"+-Ô )()%Ô +(&Ô -!Ô ,!$%,Ô (Ô ())+,,"('= /'Ô -!(. !Ô !Ô 0+(-Ô -!",Ô (($Ô Ô 0!"%Ô  (>Ô Ô (',',.,Ô (Ô ++,Ô  +Ô -!-Ô ,(&Ô (Ô -!Ô ",,.,Ô +",Ô -!+(. !Ô !",Ô )(&,Ô+Ô,-"%%Ô-!"' ,Ô-!-Ô-!2Ô ('-'Ô0"-!Ô,ÔÔ'-"('=Ô!"%Ô '"' Ô !",Ô )+>Ô %(+(Ô ,2,?ÖÔ .+Ô )()%Ô ,2Ô -!-Ô 2(.Ô 'Ô +(.,Ô Ô )+,('Ô 0!(Ô ",Ô ,%)@Ô "-Ô ",Ô .-"%Ô -(Ô -+2Ô -(Ô 0$Ô.)ÔÔ)+,('Ô0!(Ô",Ô('%2Ô )+-'"' Ô -(Ô Ô ,%)=Ô -Ô ",Ô &2Ô!()Ô-!-Ô-!,Ô/+,,Ô0"%%Ô +(.,Ô -!(,Ô 0!(Ô +Ô ,%)"' Ö=Ô !",Ô ",Ô Ô 0$×.)Ô %%Ô (+Ô /+2('= !)-+Ô('Ô",Ô-"-%Ô(& >Ô -!",Ô",Ô"-Ô%+%2Ô,!(0,Ô -!Ô "'-+"',"Ô .%-.+Ô (Ô -!Ô .-!(+Ô ,Ô Ô (+.Ô &'=Ô Ô ,2,?Ô(& Ô-(Ô-!Ô%"3+,Ô-!-Ô ,.))(+-Ô-!Ô0%%,Ô(Ô-!Ô!(.,>Ô -(Ô-!Ô&2+"Ô(Ô0(+$+Ô-+&"-,Ô -!-Ô."%Ô-!Ô!(.,=Ô!",Ô",Ô'Ô "+('2=Ô Ô ('-"'.,?Ô Ö(& Ô -(Ô !$Ô -!Ô .%.>Ô 0&Ô $+.&!>Ô &"%+Ô +%>Ô +-Ô .%2>Ô +',-Ô $(%">Ô -/Ô "$(=====(& Ô -(Ô %%Ô %$Ô +/(%.-"('+2Ô -!"'$+,C ,=7×;D=(-Ô -!-Ô -!,Ô +Ô %%Ô +-Ô -"('%",-,Ô 0!(Ô !%)Ô -(Ô Ô !-Ô (+Ô "')''=Ô-Ô-!",Ô#.'-.+>Ô -!+Ô +Ô ,(&Ô )"-.+,@Ô ('Ô (Ô -!Ô %-Ô !"Ô Ô "(%Ô %" !-"' Ô +(&Ô Ô %$Ô +"Ô ,Ô 0%%Ô -!-Ô (Ô -Ô 'Ô +(× "0Ô Ô +,,"' Ô Ô %+ Ô +%%2Ô "'Ô 'Ô (Ô Ô +-"('%Ô #.,-Ô 'Ô '('×,-+.-"/Ô .,Ô (Ô '/"+('&'-Ô "'Ô " +"=Ô !+Ô +Ô %,(Ô (Ô %-Ô 0&Ô $+.&!Ô'Ô ."+-Ô"(%= Ô%.-Ô('Ô-!Ô" "%Ô(+Ô%(.+Ô ",Ô !)-+6Ô C ,=<×56D>Ô +>Ô

%(+(Ô (&,Ô (.-Ô ,&($"' Ô !(-Ô'Ô+-(+-,?ÔÕ%.-Ô-(Ô-!(,Ô ,-'"' Ô-Ô-!Ô/" "%=Ô +-"' ,Ô -(Ô-!(,Ô0!(Ô+Ô,-(()"' Ô-Ô-!Ô /" "%>Ô(Ô%%Ô'Ô,.'+2>Ô-!'$,Ô (+Ô-!Ô/" "%Ô-+Ô-!Ô)-+"(-,==== !(,Ô&.++Ô2Ô/"%Ô)()%Ô "'Ô (%Ô %((>Ô %.-Ô -(Ô %%Ô (+Ô -!Ô&)-!2Ô-+Ô-!Ô/%"'-Ö= Ô .,-Ô %"$Ô -!Ô )+"' Ô !)-+>Ô %(+(Ô ,!(0,Ô )"-.+,Ô (Ô &"%+Ô +%>Ô %×Ô '"$.%)(× .-">Ô !(&,Ô '$+>Ô %(&Ô =Ô Ô%+Ô 0'Ô'Ô%Ô"0= +2"' Ô -(Ô (',(%Ô !"&,%>Ô -!Ô .-!(+Ô ,-+,,,Ô -!-?Ô ÕÔ +Ô $)"' Ô /" "%Ô -+Ô 2(.Ô +-Ô ,(',Ô (Ô +">Ô %%Ô -!Ô %$Ô+Ô$)"' Ô/" "%Ô(+Ô2(.Ô 1&)%+,Ô (Ô /%(.+>Ô Ô ,!%%Ô Ô'"-%2Ô)+/"%Ô'Ô-!Ô%$Ô )()%Ô,!%%Ô-+".&)!Ö= !Ô'1-Ô!)-+Ô",Ô"-Ô -(Ô-!Ô,%×%"&Ô0"''+Ô(Ô -!Ô .'56>Ô 6447Ô +,"'-"%Ô %-"(',Ô "'Ô " +"=Ô Ô )-%2Ô %%,Ô -!",Ô Õ+Ô '$$'(Ô ,"&0(Ô%0%Ô"(%>Ô,('Ô (Ô#ÖÔ)-.ÔC ,=57×64D !",Ô ,&,Ô %"$Ô Ô "+ Ô ,Ô !Ô %&'-,Ô (/+Ô -!Ô -!Ô (Ô -!Ô %-Ô )(%"-""'=Ô Õ-!Ô -+.&-",,Ô -!Ô +-!>Ô /(.+,Ô !.&'"-2>Ô -!Ô $"%%,Ô -!Ô /%(+",Ô 'Ô -!(,Ô -!-Ô /%(+",====%( .'..Ô",Ô ('Ô .-Ô (Ô ",Ô "&&.-%Ö===!Ô " +"'Ô()%Ô-( -!+Ô'Ô"'Ô '"-2>Ô ',-%%Ô%0%Ô"(%Ô ,Ô-!"+Ô%+Ô-(Ô"Ô+0%%Ô-(Ô )(/+-2Ô'Ô,.”Ô+"' =Ô%+%2>Ô !Ô,!(0,Ô!",Ô,!(0,Ô!",Ô)"'Ô,Ô -!-Ô+&Ô0,Ô-!0+-= !)-+8Ô C ,=65×74DÔ ",Ô

(& Ô-(Ô-!Ô%$Ô "+-"('Ô " !-+,=Ô +>Ô &(-(2Ô %(+(Ô .,,Ô +!-(+",Ô -(Ô +"/Ô !(&Ô !",Ô )("'-=Ô 'Ô "-"('Ô -(Ô Ô "(%> 'Ô +(×Ô "0Ô 'Ô Ô !(,-Ô (Ô (-!+,>Ô !Ô ,$,Ô +!-(+"%%2@ÖÔ (0Ô ",Ô %-+Ô ('2AÔ (.Ô (-!Ô &.,-Ô Ô'Ô !"&?Ô -+(' Ô ,Ô +($(>Ô %$Ô +/(%.-"('+2Ô 1&)%+=Ô !2Ô %%?Ô "-Ô )-+"(-,Ô >Ô (%%(+-(+,Ô (Ô ..0Ô >(',Ô (Ô -!Ô %'Ô (Ô )%&Ô +((/,Ô >(Ô %)!'-Ô ,0+&,=Ô +-Ô %,(Ô -!Ô +-Ô (%Ô )-+"+!>'&"Ô3"$0= (0Ô (.-Ô &"'.Ô '(Ô 'Ô $Ô (+(===!/Ô 2(.Ô (.'Ô %Ô "0Ô 'Ô  .Ô %-(AÖ"Ô 2(.Ô )()%Ô '(.'-+Ô !+",-()!+Ô $" (Ô 'Ô $(-Ô )Ö"-$AÔ !Ô +/,Ô (Ô/(.+Ô"'Ö= +(&Ô -!Ô (+ ("' >Ô %(+(Ô ,"' ,Ô Ô ,(' Ô (Ô %&'--"('Ô -!-Ô -!,Ô +-Ô ,(',Ô (Ô +"Ô !/Ô),,Ô('= ')''>Ô '(× (%('"%",&Ô 'Ô -!Ô .''"' Ô )(/+-2?Ô !Ô ,&(-!+"' Ô %((&,Ô C ,=75×79DÔ &"++(+,Ô -!Ô -Ô -!-Ô ,(&Ô )+-,Ô (Ô +"Ô ,-"%%Ô ,.”Ô+,Ô +(&Ô (× (%('"%",&=Ô +>Ô !Ô -$,Ô Ô ,0")Ô -Ô (/+'&'-?Ô Õ.+Ô %'>Ô " +"Ô Ô(0,Ô 0"-!Ô &"%$Ô 'Ô !('2Ô +(&Ô -!Ô ),-Ô -"%%Ô -(2====.-Ô 2×"'×2×(.->Ô 0"-!(.-Ô +)+"/>Ô 0(+$"' Ô )()%Ô ,-+/>Ô -!Ô )((+Ô +Ô .'+Ô Ô+=Ô !2Ô &"'Ô (%Ô "'Ô '. .Ô (+Ô ,>Ô 0!-Ô "Ô -!Ô &,,Ô -Ô +(&Ô -!Ô )%.'+AÔ !2Ô *.++"Ô -(',Ô .)('Ô -(',Ô (Ô &'-Ô -Ô 0$(+(== 'Ô (,>Ô-!2Ô&"'Ô-"'Ô 'Ô(%.&"-=Ô!Ô,.”Ô(-"' Ô 0-+Ô %((&,>Ô ('-"'.Ô -(Ô ,&(-!+Ô-!Ô"+×-"%Ô+,>Ô!Ô +Ô'Ô(++.)-"('===Ö 'Ô -!Ô ('%."' Ô !)-+Ô

9C ,=Ô 75×7:D>Ô +(,,(+Ô &(-(2Ô%(+(Ô-"-%,Ô"-Ô!%%Ô 0>Ô (+Ô ,!%%Ô 0Ô '(-Ô )%2Ô (.+Ô (0'Ô)+-AÔ 'Ô(-!+Ô0(+,>Ô!Ô",Ô ,-"%%Ô,$"' Ô-!Ô&(+%Ô*.,-"('=Ô Ö%%(0Ô Ô " +"',>Ô +(-!+Ô +"',=Ô +"',>Ô ,!%%Ô 0Ô (+Ô ,!%%Ô0Ô'(-Ô)%2Ô(.+Ô(0'Ô)+-AÔ !Ô /%"'-,>Ô -!Ô "'-,Ô !/Ô -!+(0'Ô -!Ô !%%' =Ô !2Ö/Ô ,!(0'Ô .,Ô -!Ô +('-Ô ((+Ô 'Ô -!Ô ++Ô '-+'Ô (+Ô -!2Ô /'Ô -(Ô -!Ô +-Ô 2('>Ô !%%Ô 0Ô (+Ô ,!%%Ô 0Ô '(-Ô )%2Ô (.+Ô (0'Ô )+-,AÖÔ !Ô .-!(+Ô

,$,= Ô ,Ô -!-Ô (+Ô /+2Ô !+(Ô -!-Ô -+',"-,Ô -(Ô -!Ô 0(+%Ô 2('>Ô -!+Ô 0"%%Ô Ô &"%%"(',Ô +2Ô "'Ô +)%&'-=Ô Ô &$,Ô ++',Ô -(Ô (%"/+Ô (Ô (%"/"Ô 'Ô !Ô ./+Ô 0!(Ô ,-+. %Ô "'Ô .Ô 'Ô "'Ô ('%.,"('Ô ,2,Ô -!-Ô Õ (-!+Ô +-!Ô &2Ô )+()Ô .,Ô 'Ô +'-Ô (.+Ô +/(%.-"('+2Ô ,)"+-"(',Ô (+Ô Ô #.,-Ô 'Ô +Ô 0(+%Ô >(+Ô /"-(+2Ô "'Ô -!Ô ,-+. %,Ô (Ô -!Ô ())+,,Ö=



 

 

!Ô)+"Ô,&Ô+,('%>Ô%(-"(' '"”Ô+'-=Ô!Ô%'%2Ô,0(+Ô,!Ô%"/ ”ÔÔ)+&",,=Ô(-!"' Ô+&"' .-Ô,%×(',,"('=ÔØ &Ô>Ô Ô0+'> Ø Ô!-ÔÔ0,-Ô#(.+'2Ô×Ô Ô&Ô+"'=Ù "%'=Ô Ô "%'Ô -+',&",,"('Ô (Ô )+,,.+"3Ô ((×+"' =Ô (">Ô0!'Ô"-Ô&>

"),-"$Ô(->Ô%(' Ô (%×+(%% " +ŒÔ×!(%+Ô)"))=Ô. !-Ô Ô0,>Ô(.%%2= ØÔ AÙ=== Ô!Ô'(-Ô&",!+====ÙÔÔ ÔÔ Ô AÙÔ.ŒÔ('Ô=Ô.ŒÔ('Ô=Ô-'! ÔÔ+'"Ô+-!Ô(Ô).%"Ô!"×'×,)$= ÔÔ((-!=ÔÔ)"%%+×(1=ÔÔ(.%×-"+ &'".,ÔÔ,*.%!"' Ô-+= -Ô0,Ô+%BÔ!& 2Ô"%%×&''+Ô,"%'>Ô,.++'+ .,!ÔÔÔ.&(.'&'-Ô-(Ô Ô,"&)%"Ô-"('= (',"+-Ô,!Ô0,>Ô/+2"' Ô-!Ô&)!,",× ØÔÔ AÔÔÔ ÙÔ/%-"('Ô& Ø(.Ô&'×Ô%"$Ô)%"'Ô(+Ô&"%$Ô!((%-AÙ +Ô'-Ô0,Ô%"'"%>Ô+.,!"' Ô"'Ô"-,Ô%" ! &)+,('%"-2=Ô)"%2>Ô0/×%' -!Ô#.,- Ô!(,=ÔØ,-ÔÔ+"'Ô,)"ÙÚÔ'Ô,Ô-+-!(. !-= Ø(0'Ô"'Ô&2Ô),,)(+-=ÙÔ"%'Ô(+Ô,)-+(,()" %" !-Ô(Ô'2>Ô-"%%Ô-+.-!.%',,Ô! Ô!+Ô'+Ô('Ô-!Ô&(.-!)"ÔØÖÔAÙÔ('"' ÔØÖÔ ÔÔÔ =ÙÔØ "$Ô+.'ŒÔ=Ù ØÖÔ >Ô ÖÔ AÙ Ø(-Ô%-( -!+= "%%2>Ô Ô&Ô+.'ŒÔ>Ô.-Ô&&Ô2(.Ô,!(.%Ô,Ô-!Ô+,-Ô(Ô &=Ô%&Ô(Ô&2Ô!'>Ô,(%,Ô(Ô&2Ô-= +ÔÔ)+(1"Ô%('=Ô+"-"('>Ô.,× ((%",!%2Ô&&×Ô2Ô,"ŒÔ"' Ô(0'>Ô!,Ô-.+' 2Ô(ŒÔ(&Ô+/'Ô%$×Ô'Ô&(&'-Ô&&BÔ×Ô,',"' +Ô+"/+Ô++"' Ô('Ô-!Ô-!.'+%) (.-Ô&2Ô+,×ÔØ &>ÙÔ Ô)%>ÔØ0(.%'Ö-Ô2(.Ô+-!+ Ô(+Ô2(.+,%AÙ

+-!Ô0"%%Ô'(-Ô,!+Ô-!Ô+-+Ö,Ô'/2@Ô.' ÔÔ((+, +$>Ô'(-Ô-!Ô $(Ö,Ô,%" !-Ô,$"'>Ô.-Ô"-,Ô%% ,-Ô-!",Ô,("%Ô(+Ô-!Ô'Ô)%.&Ô!+Ô)Ô(+Ô%" ,Ô-!",Ô2&>Ô0!(%%2Ô+-!>Ô2-ÔÔ%"/"' Ô-.+ (Ô-!Ô0+&-!Ô(Ô0-+,>Ô+-!Ô,Ô,)+"' , ,Ô+((-,Ô(Ô(>Ô,Ô-!Ô!+-!= !Ô"+Ô0"%%Ô'(-Ô'2Ô2(.=Ô "$ÔÔ-() )"'Ô2(.Ô('Ô-!Ô'/%Ô(Ô-!Ô,-(+&>Ô(+Ô-!Ô!( !-Ô+((-,Ô-!Ô(+,-,Ô)%(0,ÔÔ)-!Ô(+Ô,*."++%,= Ô %,,Ô,Ô+$Ô)->Ô.-Ô('%2Ô-!-Ô+"'Ö, "' +,>Ô'(-Ô-!Ô-Ô(Ô&'>Ô&2Ô0,!Ô2(.Ô(/+=

(' Ô0+Ô-!Ô,.'Ö,Ô,!(0@Ô+.'Ô'$Ô-(Ô-!Ô'" !-= ))+,Ô +'Ô'Ô+Û!"%Û2(.+Ô-(' .Ô+! (Ô,(+)"('Ô-"%>Ô,)"-Ô,-+" !-Ô+-.+'Ô-(Ô' +Ö,Ô-!+-, -Ô((Ô0"-!Ô-!Ô+(0'Ô)" ('>Ô-'+"%Ô0Ô-0'Ô2(.+Ô%"),= !"%Ô2(.Ô%"$Ô-!ÔÔ,!Ô(Ô)%&,>Ô,$20+Ô!% .,)Ô"'Ô-!(+'Ô',-"' >Ô"'Ô,%Ô,Ô-!Ô!+-Ô(Ô$+'%Û Ô0(&'Ö,ÔÔ,!Ô",Ô("%Û!"%>Ô)%&Ô("%Ô('Ô2(.+Ô-(' . ,Ô,.))%',,Ô-(Ô%">Ô'Ô0"'Ô(Ô-!",Ô (.+ +(&Ô,%×,&Ô-"&%,,Ô+.'Ô(Ô+.''%,Ô,Ô+Ô%% (.+Ô)(Ô%"' ,>Ô!"%>Ô0'Ô+(&Ô2(.+,Ô0Ô&+ +-!Ö,Ô!('2Ô&"%$>Ô0"'Ô(Ô-!Ô('%2Ô+"= (0Ô+(%%Ô2(.+Ô-(' .Ô"'Ô!('2Ô-"%%Ô2(.+Ô!$,Ô+ 0+&"' Ô!('2(&,Û2(.+Ô0(+%Ô',Ô,0-'"' >Ô!"%= &Ô0((+(.'Ô-!Ô!+->Ô!%$Ô(+ÔÔ" !Ô%&",!Û,AÔ"-Ô0',BÛ'-"&('2Ô'-! +&)"-,Ô%"$ÔÔ (,,>Ô'Ô%/Ô-!",Ô-,-

(' Ô('Ô2(.+Ô%"),>Ô(Ô,%->Ô-!-Ô2(.Ô&2Ô,$ ('Ô+(&Ô-+,=Ô!",>Ô+"'×0-+>Ô",Ô-!Ô "Ô (,Û+"'$Ô(Ô"-,Ô).+"-2>Ô+Ô+."-,Ô"'Ô,,('= +."-,Ô-!'Ô-(Ô2(.+Ô%"),?Ô!,-Ô-(Ô+)2 !ÔÔ-Ô(Ô"+-!=Ô"%Ô&'×-",Ô%"$Ô-!Ô, 'Ô"' >Ô%/ÔÔ&'"' Ô(Ô-!Ô(,,"%Ô%Ô,',=      




        

 

        

   

 " "!"  !       

 

  

     

      

   

  

     

 !  "#  "  #  !  "  #  "  $   "      !  

!  

" 

"!  

             

          

                                  

 _! ! !  ! ! !  ! *%("E#ž"ž$-)-*$<%#H $H())H*%H*H*%(=H     

ª6:Fª7ª=H(%H*(*=H %)  H©8©:H96©H5599=H©8©:H99¨Hª7¨5

! $" 

$)*(H %H %-(=H (%H $+H %=H )H %(H *H &)*H ).H #%$*)H +($H %+*H )+$(žH )*%$)$H $H $("H .+))H *%H .&"$H -žH *H $H )+&&"žH %H "*(*ž=H -H )H (%+$H #$žH $+)*()=H &(%,%!H (*($#$*H %H -%(!()H $H #H"H#)("<HH*HH*#H*H &+"H .&*H *H %%"+!H

%$*$H#$)*(*%$H*%H+"H"H *)H &(%#)H *%H ()H *H 5=©©©H #H-ŒH)H"*(*žH$(*%$H $(*H (%#H *H )$ %H #$)*(*%$H$H¨©©8H*%Hª©=©©©H #-ŒH)H$H¨©ª¬?*(H#%$*)H -ž@=H &%-(H $(*%$H )H %$))*$*"žH ()H *%H "))H *$H ¬=©©©H #-ŒH)H )&*H .&$*+(H %$H &%-(H $H ª©H ž()=H%+*(%-$H)*#*H;¨6H ""%$<H )$H (%#H H #*$H %H *H

%$*H%##ŒHH%H*H*%$"H %+$"H %H (,*)*%$H ?@H $H *H %(H %H *H (H "*H%-(H%"$H%#&$žH ?@=H %H ""H **H ("H%,($#$*B)H”H%(*)H*%H &(%,H %$)*$*H &%-(H )+&&"žH

$H*H%+$*(žH-(H$H(%H žH +$.&"$H &%"*""žH #%*,*H )%*H *(%+H )H &&"$)H $H ,$")#H %H *($)%(#()<H %H )(H *H H (*H %H ,$")#H %H *($)%(#()H $H &&"$)H **H )+&&"žH )H *%H $(*$H &"$*)H )H C)(H #$))H %(H #žH H ))$*""žH &%"*""žG#%*,*H +)*H*%H+)H#H*%H*H$*(H %+$*(žHH$H*%H($)<D %(H *H ++)*H .+)=H *H %-(H $)*(H H "#H -*)H $H #%$H %()H %(H """žH *(+$*$H %,($#$*B)H”H%(*)<HHH""H %(H &(ž()H *%H .%()H *H #%$)H %H (!$))H %(*$H %,($#$*B)H "%+(H *%H .*$H "*(*žH *%H ª¨©H #""%$H ($)H ?86H &(H $*@H -%H ,H ))H *%H "*(*ž<H H H H #$)*(HH("(H""H**H ),(H)H)%(*)H*%H*H&%-(H $(*%$H &"$*)H $H )%*H %H)H&&"$)H-(H()&%$)"H %(H )+&&"ž$H (!$))H žH ("H %,($#$*=H -H )H ."+),H %$)**+*%$"H &%-()H *%H &(%+H "*(*ž<HH $H *%$=H %H )H )*H

 (H*%(=

!   #



$H %,($%(H *(H H $H &"%ž$H )H *(*%()=H *(&""()H $H %*(H #$(žH %(H (%H %$)*(+*%$H *%H ""H *H $%%!)H $H ($$)H %H !&+$%H %##+$*žH "*"ž=H -H *%+*H *H -)H %$H %H *%)H &%"*"H &"%ž)H )$H *%H ,H *H &%&"H %H *H (=H $H &(&)H C(",DH *#H %H *(H ,%*)H +($H *H +&%#$H +($*%("H "*%$=H $H ,$H *H "%"H %,($#$*H "*%$<H %-,(=H *H "*%$H )H ,(žH #+H +$"!"žH *%H %"H H *H A(-BH (,"*%$)H %#$H (%#H )%#H )*”H)H %H *H $#(H **H $&$$*H "*%("H %##))%$H ? @H (H $ž*$H *%H %H ž<H "H )%#H %H +)H -(H "#"žH -*$H *H A(#BH+$%"=H%*()H-(H+)žH )*$H)&()%$)H%$H<H žH )H *H A-!BH #$H )H %#H *%H )&%"H *H (%)H *žH -(H #$$H -*H H ,-H *%H

$%$$H*H"*(H*%H*H&%&"B)H *(#$*<H%-,(=H*H-(H (%)H%$)*(+*%$H%$*(*=H-H $*""žH (,H ,*+&(*%$)H (%#H )%#H &%&"=H $H ()$*)H "!=H )H *%žH H "žH *%&H %(H &%)*,H)+))%$<HH$#(H **H%,($#$*H)H%$)*(+*H (%)H,(*+""žH$H""H!&+$%>H$H ,$H (*$H %$H -(H *(H -)H $%$<H $H -%H !$%-)H *H %##+$*žH %(H $%-H -%+"H (*$"žH )&%*H +H ”H($H *%ž<H)H)H'+*H%##$"<H )H)$+"(H*H)H%$HH"%$H -žH *%H #**H *H )+”H($)H %H *H &%&"<H !&+$%H %##+$*žH )H &(%#$$*"žH %+&H žH *H )*+$*)H %H $#H £!-H $,()*ž=H  < H )H )%%"H )H $H %$)*(+*H )&""žH %(H (#()H $H*H(H*%H$"H*(H"($H *%H'+(H)H+*%$<HH  !  !!

*H "#H %$H $'+*H ¨©ª¨H %(H )=H "$H *%H ),(H +*(žH ""%*%$H *%H )(,H *(%(*%$H $H -$"H "$Hž(%H$H)GH(H&"$*)H &*ž< +)&*$H )%*H žH **H ,H $%*H $H #$*$H +$!$%-$H %()=H *H H H $H +"žH )*H +&H H &()$*"H &$"H *%H +$(,"H ()%$)H %(H *H ª6H %""&))H %H *H $*%$"H "*(*žH (H $H *(H #%$*)=H ,$H *H &$"H *-%H -!)H *%H )+#*H (&%(*=H -H )H )$H "&)H-*H$%H()+"*H%H%+*%#<HH )&*H*H#)),H"$H$H &%-(H )+&&"ž=H *H %,($#$*H *(%+H*H($H"*(*žH +"*%(žH%##))%$H?@H )H $%$*"))H #&%-(H &(,*H "*(*žH )*(+*%$H %#&$)H ? @H **H (H *!$H %,(H +$*%$)H %H *H &+""žG%-$H %-(H %"$H %#&$žH %H (H ?@H *%H ()H )H "*(*žH *(”HH *%H 86©H (%#H 6©©=H $%*H #$$H H "*(*žH )H )+&&"H %(H $%*<HH )),H &(%*)*)H %+$*(ž-H ,H (*H (*((žH $H .)),H #%$*"žH ""$)H žH *H =H (H *%H (%+&H )&"žH$,)*#$*)H$H*HH %H"$$H&%-(H)+&&"ž< *H )H %,%+)=H %-,(=H )H **H %,($#$*H "!)H H &%-(H &%"žH -*H )&HH %+)H *%H &(%,H H %#&($),H )ž$(žH $*(*$H $(*%$=H

  ! !!  !  ! !   !

  ! ! !  !  !  ! !! ! ! !  ! ! !    !  !!   ! !   

*($)#))%$H $H )*(+*%$<H (,%+)H”H%(*H-)H%$$*(*H %$H &%-(H $(*%$H &"$*)H -*%+*H&%"žH%(H)H)*%!H $H &&"$)=H $H -*%+*H (,,$H H -!H *($)#))%$H (=HH"&)H**H)H"H*%H),(H "!)H$H$"*žH*%H*($)#*H $(*H &%-(<H ,$H -*H %,($#$*H *(ž$H *%H ())H $(*%$H $H *($)#))%$H $'+)=H*H&*žH%H*H )H*%H)+&&"žH*($)%(#()H *%H)+&&"žH%#)H$H$+)*()H -*H $(*H $H *($)#ŒHH "*(*žH)H%+*+"<HH %,($#$*H#+)*H'+*H)*$H "#)H $H #$+*+($H .+))H%(H*Hž)#"H"+(H%H *HH(+"$HH$H+($*"žH &(%,H H %#&($),H (%#&H *%H (())H &%-(H $'+žH **H )H )(+$!H #&"%ž#$*H %&&%(*+$*)H )H *%()H ("%*H *%H $%+($H %+$*()H $H (*)$)H $$%*H ($H #$)H %H ","%%<H H ()$*H %%"+!H %$*$H &(%#)H *H "*%(*H "*(*žH +($H "*%$($>H H #+)*H ",(H #)+("H &%-(H *%H "*H #(*$H $+)*()H *%H $H $H &+"H %H $$H $H (,,H %#)*H $+)*()H *%H ()*(*H$H&(%,H %)<HH




        

     



       

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

 !F#"FA)+)F"F(F #BF 'F"#&"(9F! #)'8 F $# ("'F *F '(&(F "8F "F (#&F 1/01F #&F '#9F (F #'( "F #&F $#'(#"'F 'F &&'F 1/04F F #!!"8F #*&""F '9F !#&F #&F ''9F "F *"F F F '(8F F &-9F ' D'"9F *'#" ''9F )"!#&(F "F )")'(F &) "F $&(-F'F&) -F'"(&("8F F!F"#(FF$# ("F)(FF$# ( F '(#&"8F F "#+F ((F (F ' -F "('F #F (F F "()& -F *F(#F*&' -F!$(F#"F(F #)"(&-F 'F F +# 8F ()& -F $ '<F"-#-F+#F "'F('F "&#)'F %)&& F (#F F A! -F ”F&BF '&*'F (#F F $(F &(&F ("F &)F8F #F -#)F "#+F+-;F'F!F$&*( -< #)F '9F 'F &F 'F 1/04F 'F #"&"F "F "#F !ŒF&F +(F 'F (#"F #F (F 9F (F +9F F+"F &9FF#"-F

""9F )"F (9F #-"F )$9F !F ) 9F !F ("F #"("F "F #(&'F +"(F #&F ("9F (&F 'F #" -F #"F #$(#"8F ""( -9F ((F #$(#"F 'F"F("!F+(F(F F#F#F #&F &8F F & &F (F !"F "'F(#F#F+(FF+'F() -F ?$&#!#(@F-F(F#F#F&'(F (#F #!$ '9F (F ŒF&F #&F *&-#-8FF'F"#(F#"F(F'#F #F ?(&#"@F -F $$"'("8F (F'FF$(-F(F!"F"F'F+F $$&"( -F#F"#(F"#+F(-F&F #"FF'#&(F)(F*( F?''"!"(8@F F&#!F#F'+(9F"F$#+&F 'FF F(&F"#'(& '8F#+*&9F (F + F "#(F #*&+ !F (!9F "F

')'F"!8@ &F'FF #(F#F+#&F(#FF#"9F '$ -F "F (F "(D#&&)$(#"F #!$&(!"(8F F  '#F "F F "+9F * F '#(-F EF $$#"(F 8F F +F -'F #9F &F (F  +F "F #& F )$F

'#&F $& !"&'8F 'F "-F #F (F !(F #~ FF 'F =&9F "'!"9F (>F F &"F #&F F

 +";F#9F+-F'#) FF-F #"('("(F"F"F (#"F$$#"(F (F F &!"9F (#" F #!!''#"&'9F (;F F "(F ?#"F&!(#"@F”F&F'FF'+" 9F F##+"8F *#)' -9F (F "'$(#&D "& F#F# F'F"#(F'F")(& F 'F F #)(F (#F 8F F '&F F "8F 'F + F F $&(F #F (F '')'F(#FF( F"F(F#)&'F #F(F#$ '@F?*# )(#"@F=(#FF '$&F -F &8F &'"(>8F 'F F &-F (#F #F +(F #F +"('F !F (#F #;F )&(-F 'F F *( F '$(F #F "-F &F "F &F  (#"8F F#"F')&(-9F#'F (F "'$(#&D"& F #F # F "#(F "#+F ((F (F *&'F ((F # F#!!''#"&F#)(F(#FF $#'(F#)(F #"F#&F"#+; F F !F "#(F F ?')&(-F !"@F )(F

 F  B FF

 F0 F F  F     BF   F  B   DD FD FJ DJ  FF JJK  F D  DFPJ Q B F FFF D

F *F &F #."'F #F ##'F #"F ?')&(-8@F "F F #*&"#&F 'F ')$$#'F(#FF(FF)&(-F ~ FF&F #F 'F '((9F F "F (F #!!''#"&F #F # F *F (#F +#&F *&-F  #' -F "F #&&F (#F !(F &!8F 'F ('F "#+F (F 'F "F *&'F ((;F F *F "*&F !(F (F F )(F F ##'F "( "(F (#F !8F "9F ('F 'F ')$$#' -F F !#&(F ! )8F (F (F !"F $ 'F #F +(F F #)(F(#F#9F(F F(!'8F (F'F'F ((F #(&F #*&"#&'F ='F + F 'F (F (#" F ''! ->F &F '! '' -F $"F %)(8F #+F '#F *&-F (&<F #F ('F $#$ F '&F"#(&F+&9F#&F'#!("; FFFFFFFF F F   '  ( "( !(  &%

 

         

 ((("



)&(&9F (F (F 'F ((F (F )()&F #F &(&'F 'F  &F )"&F (F #"(&)(#&-F $"'#"F '!F("F)"&F#*&"!"(F $"'#"F &&"!"(8F #&F "'("9F (F $"'#"F &#&!F (F  #+'F $"'#"F !"&'F (#F '$"F ('F $"'#"F )"'F #&F )'"''8F 'F 'F F ')&F &#F (#F ''(&:F'F#"F &@'F"#D # #" 9F "&)$(F $( '!8F "9F (F &"(F # $'F #F &"F ""F '(#&F 'F  &-F $)(F $F (#F 'F ((F $&*(F )'"'''F &F !#&F ”F(*F"F ''F#&&)$(8F (F(##F #*&"!"(@'F #!!(!"(F #F #*&F 184F(& #"F#F$) F)"'F ((F #) F *F "F )'F (#F )"F '# F '&*'9F (#F &**F ('F "'9F  (F (!$#&& -8F #+*&9F (F !""F ! "F "F &.-F %)'(F #&F %)F $&#F('F *F "#(F '(#$$F (&F"F(F""F#&F"-F#(&F '(#&8F ”F('F #F (F # $'F #F '(#F !&(F #&F ""F '(#&F + F ')& -F &*&&(F "F (F $"'#"F !"'(&(#"F +(F #('F #F ) ('F "F $-!"('F #F $"'#"&'8F "+ 9F -F ('F

(!9F ('F $&*(F $&#F(&'F +#) F *F "F "#)F + (F *F +&"F )F ' &'9F #+"'F"F#")''F (#F (!' *'9F 'F +("''F "F (F""F&''8  &-9F !"-F #"(&)(#&-F $"'#"&'F &F &#""F )"&F )"$F $"'#"F &&&'F -F $"'#"F )"F !"&'8F )&(&!#&9F #&"F (#F "#!9F(F&) (#&-F$"'#"F "-9F !#&F !$ #-&'F &F "#+F ) ("9F + F #(&'F &F '!$ -F #"*&("F +#&&'@F ' &'F(#F$"'#"F#"(&)(#"'F #&F )("F +#&&'@F ' &'F -F )#)'F !"'F (#F $-F (F !$ #-&'@F '&F #F #"(&)(#"8F #*&"!"('F (F  F * 'F &F  '#F &$#&(F (#F F ) ("F "F &!ŒF"F (&F #"(&)(#"'F *"F +"F +#&&'@F#"(&)(#"'F&F"F )(F&#!F'#)&8F

"+ 9F (F !#&F ,)'F #&F #&"F ('F &)) "(F $"'#"F '!F #"F +#&&'F 'F #&F %)F $-!"(F #F $"'#"8F #&'F'( 9F*&#)'F#*&"!"('F (F  F * 'F &F #&"F ('F $#'#"#)'F $ F #F #"(&)(#&-F $"'#"F #"F +#&&'8F "F F $ F F ')"F ((9F (F #*&"!"(F +"(F (#F (F ,("(F #F '"F +#&&'F (#F #"F

B0 DBF D F F F  D 0 JF  FFB  K    F K 0 F DF FFB #"(&)(#&-F $"'#"F #&F &(&F #!$) '#& -8F "+ 9F (F '!F#*&"!"(F'F&)'F(#F $-F$"'#"F#F(#'F(F#&F(#F &(&9F+ F '#F&)'"F(#F&!(F ('F'&F#F#"(&)(#&-F$"'#"8F #&F!"-F+#&&'9F(F'FF( F#F "F F(#F(F' )(&F' F'F (-F&F#!$ F(#F'(-F+(F

(F ,$ #((*F "F "&#)'F #"(&)(#&-F$"'#"F'!8 #&&'F "F $"'#"&'F (F  F * 'F !)'(F !#)"(F '&#)'F $&'')&F #"F (&F )"#"F &'$F(#F F(F!$"F "F '(&) F #&F %)(9F $&#!$( -F $9F *"F $"'#"F #&F  F &(&'8F #"'%)"( -9F F 36D#)&F '(&F F )$F +(F !''F (#"'F F $&#('('9F & '9F !F !$"F "F #-F !)'(F F  F -F #)&F &'$F 'F F F&'(F '($F "F ('F '(&) 8F #)&F !#*!"(F !)'(F &(F (F #"(&)(#&-F $"'#"F '!F "F !"F #&F F *"F )&"(F $"'#"F '!F #&F  F +#&&'9F (F (#F #"#!F"'F=#'(F#F *"9F "F(#"9F' &-F"&'9F(>8F

#&#*&9F #)&F !#*!"(F !)'(F !"F #&F F !#&(F !"!"(F #F $"'#"F )"'9F -F  (F &$&'"((*'F #F +#&&'F "F $"'#"&'F (F +#&$ '9F # ('F "F )$F (#F (F "(#" F * '8F F &$&'"((*'F+ F*F(#F*F &) &F &$#&('F "F )$('F (#F +#&&'F #"F (F '((F #F (&F $"'#"'F + F !#"(#&"F "F ')$&*'"F $"'#"F $-!"('F (#F&(&'F(F F * '8F F #*&"!"(F "F #!!(F $) F &'#)&'F (#F &)) "(F

#"(&)(#&-F $"'#"F '!9F (&F'F"#F&'#"F+-F(F""#(F "')&F %)(F $"'#"F #&F +#&&'8F #)&F !#*!"(F &'$F !)'(F +(&+F ('F !!&'$F &#!F (F "#!F #&F ((F !"'(&'F "F ')$&*''F ('F '+" F #F +#&&'F  F #"(&)(#&-F $"'#"8F F !""&9F "F +F #)&F &'$F #(9F (F (F '(F !")(9F (F '(F $&#('(F & -F "F ')$$#&(F #F $"'#"&'9F )"&F (F &) #)'F ,)'F ((F #*&"!"(F 'F $&#!'F (#F ##F "(#F (F '')9F 'F #"!" 8 F$"'#"F&''F)"&'#&'F (F "F #&F +#&"F "F #$$&''F $#$ F (#F ) F $# ( F  (&"(*F +(F  & -F '# '(F $&#&!!'F ((F + F $&#&('F !#&(F $) F #+"&'$F #F (F #"#!-F "F #)&F#!!#"+ (9F+(F(F!F #F $ #-"F (!F #&F !''*F * #$!"(F #F (F #)"(&-F "F('F$#$ 8F#&&'9F-#)('9F $"'#"&'F !)'(F !"F (F ) "F #F F !''F +#&&'@F $# ( F (&"(*F"#+<   ( ( "( (  ( ( !( #$& %>




        



              



J&%-(J(#J$J(J $J +$("$)J *J )%(*J%J*(+J#%(*)J $J (;J *J -J ,J $J +$$J (J &%&"J -%J )J &%-(J )J J J #%$žH)&$$$J +)$));J žJ -""J %J $ž*$J *%J (J &%-(J $J -""J %J *%J $žJ "$*J*%J(*$J*;J($J"()J (J #%)*"žJ &%"*"J %&&%(*+$)*)J $J &(*%()J -%J ("žJ )*J %$J *J $J*)J %J J )ž)*#J %J %,($#$*J -*%+*J *!$J *J +($;J#%(žJ%$"žJJ%+())J -$J&(*JžJ#%(*)J$J $%*J&(*$()<J)J$J%+(J);

)*J -!<J *J &"J)))*$*J %$J J *%J *J $&**J %,($%(J %J (J **<J (;J ž",$+)J -<J +%+)"žJ $$%+$J *J ))%"+*%$J %J *J )**J$*;JJ"#J%,($%(J $J +$*<J -%J -)J J !J *%J *J %+$*(žJ ($*"žJ *(J ª©J #%$*)J %J #"J )% %+($J $J (#$žJ $J *J $*J **)<J #$*J#; -%J ž)J %(<J +$*J J """žJ -(ŒJ$J *%J *J %+)J %J ))#"ž<J $*#*$J *J %J )J $*$*%$J *%J ()+#J +*žJ )J .+*,J %,($%(J IJ )&*J *J *J**JJ-)J)$J$J"&J *%J"*J(%#J*J(*(J((*J **J(%+*J#J!J(%#J;J )&*J*J*J**JJ)J$*(J %$)+"*J -*J )J &+*ž<J -%J )J$J*$J)J%,($%(J$J)J )$<J$%(J())J*J&%&"J %J*J)**J)$JJ#J!<J)J ))%*)J #$*$J **J J )J (%,(J $%+J *%J ()+#J )J %~ JJ"J+*)J)J%,($%(; )J-(*(J)J)!$J*%J-*J *J)&(*J#%,)JžJ*%)J-%J $J*J (%#J *J %,($%()&J %J +$*J *%J +%+)"žJ ("#J &%-(J$J(",$;JJ$*()*J %J (J $J *)J &%&"J %)J $%*J #ŒJ(J*%J*#J)J*žJ%()*(*J J)#"))J&%-(J#J**J$J %$"žJ +)J %$+)%$;J *J )J $J *J$*()*J%J*J&%&"J)<J$J*<J *J")*J*$J%$J*(J#$;J*J

  ' '  ' '  '' '  ' '''  ' ' "' ' ' '   ' ' '  '#' '  ' ' ' 

 '' '

'"' '  ' '' ' ''   ' ' '  ' ' 

#ŒJ()J*%J*#J)J +)*J&%-(J$J *)J ŒJ$$*J $)J )J %##%$J $J (; (J)J$%J%+*J**J%,($%(J +$*J )J )+(,,;J )J )J $%*J %&$J*%J)&+*;J*J)J%&$J%(J *(#$*%$J (J *-%%"=J ()*<J )J J +""žJ (%,(J #$*""ž?J %$"ž<J)J)J&ž)"J%$*%$J )+J**JJ)J&"J%J.+*$J )J+*)J)J%,($%(<J-*%+*J*J +)$))J%J%,($$J)+”J($? %*$J$)-()J%*J'+)*%$)J $J*J~ JJ(#*,;J*(J""<J-J""J )-J %-J J -)J "&J %”JJ *J &"$J**J(%+*J#J!J(%#J #(;J ))<J +&J *""J $%-J J )J $J $&"J %J ())$J *J &%&"J %J (<J J -$*)J *%J "J $;J *J )J )*($J **J *J (J &%&"J (J .&*J *%J %""%-JJ"(J*žJ$$%*J);J )J&(*<J&!(J%J*J(J %+)J %J ))#"ž<J (+$J )%!-<J -%J %$J(#J (,$J

*J "ŒJ(J )$*J *%J *J %+)J žJ *J %,($%(<J )J *J "-#!()J ŒJ#&*J *%J )J +$*<J +*J *žJ -(J &(,$*J žJ *%)J J )(J)JJE"F;JžJ-%+"J J J &(,$*J (%#J )$J *J %,($%(J J J )J )J J*J )J *J )%H ""J "J "#)?J $J *%$<J -$J +$*J ,$*+""žJ (*+($J *%J "$%J*(J#%$*)J%J)$<J *J *$J %,($%(<J " J (J #(<J -)J $J ))J *%J )J %(#(J %))J žJ )%#J %%)J ",J*%JJ*$J%$J*J%(()J %J)%#J+$*J"%ž")*); )J J ()+"*J %J *)<J *J %+)J %J ))#"žJ )+##%$J +$*J *%J &&(J %(J *J *%J #!J $J ())<J )J J &(%%J **J J )J J*J $%+J*%J()+#J)J%~ JJ;J&J*""J $%-<J*J%,($%(J)J$J+$"J *%J&*J**J$,**%$;J(%(<J *J -%"J *$J &%$*)J *%J $%*(J $*#$*J %J *J "*J #(+J (D+J &%-(J %#ž<J )*J

žJ*%)J-%J"J*%J+$()*$J **J"()&J)J""J%+*J)(,$J &%&"J$J*J$*%$; J&(%"#J)J**J-J*!J*$)J "*"žJ$J*)J%+$*(ž;JJ*(+*J%J *J #ŒJ(J )J **J )%#J (#$")J -$*J *%J  !J *J #$(žJ %J %,($#$*J $J (;J J ,J $%J %+*J $J #žJ #$J **J *J "ŒJ(J &+(&%(*"žJ -(ŒJ$J *%J *J **J %+)J%J))#"žJ)J%(;J $J )(%+)J "#)<J *J %~ JJJ %J *J ŒJ%($žJ $("J -%+"J ,J "(žJ $J +)žJ -*J $,)**%$;J (J (J +$%$J(#J(&%(*)J**J*J-J %J +$*J )J $J *J $*(+;J )J )%+"J J $,)**J $J J %+$J -$*$<J )J )%+"J J &+$)J%($J*%J*J(#$"J "-)J %J (;J (J %)J )J ")%J ,J##+$*ž?JJ#+)*JJ*%"J **J *J %,($%()&J %J (J **J )J $%*J *J (*(*J %J (J +)$;J%J%$J$J%,($J(%#J

J)!J; $J %J *J # %(J *(*)J *%J %+(J #%(žJ )J *J +"*+(J %J #&+$*ž;J )J #+)*J J !J J #%(žJ )J *%J *!J (%%*J $J (;J$J$<J J%$D*J.&*J ()$*J %%"+!J %$*$J *%J J'+*J%,(J*J(-$J&%"*"J #&))J $J (;J J )%%H &%"*"J $J %$%#J ,(*%$)J -""JJ$%(#%+);J)J"(J%J)J &(*žJ$J%$JJ,*#J%JJ&%-(J "<J J )%+"J -J $*%J *J #ŒJ(J$J)J**J*J(*J*$J )J%$; J +$*D)J -J )J (""žJ $J -*J)J%$J%$<J*$J*J'+)*%$J %+"J J ()J J )J *(+"žJ "%,)J (J+)$;JJ-%#$J**J*(+"žJ "%,)J (J +)$J -%+"J *""J #J *%J %(*J %+*J *J )*())J %J %,($$J $J *J $*()*J %J )J "*; & 

  %"

     

   

"%%H!*<J J %+$*(JJ %##+$*žJ $J %G)J %"J %,($#$*J(J%J!*H**J )J $#)J $J )%%H&%"*"J $J %$%#J #")<J -J *$J*)J+$(,"%&#$*;J $<J "%%J )J #$$*J &()%$)J $"+$J ($J ž%J

<J&"J,)(J*%J%,($%(J ž%J ž#J %J !*H**J %$J $()*(+*+("J ,"%&#$*J $J +"J *"*)J #%$)*J #$žJ %*(); (J (J J,J "-+"J ""ž-ž)J *(%+J -J %##+*()J (%#J $%+($J *%-$J ))J "%%H!*;J )J &*-ž)J (J $*("$!J -*J )H!*<J +($H!*<J )H!*<J %H!*J $J ž+$"H!*;J $<J *J (%J )J $,(J $J *((J )$J *J "*J #J -%"%-%HJ "J %,($#$*J %J *J %"J -)*($J (%$J%$)*(+*J* JJ$"*J%J*J(%J**J"$!)J *J%##+$*žD)J"*J$*(J$J !J ž%J *%J ž+$"H "%%J *%J %J -žJ )J *J #%)*J &*"<J )#J )J **J -J ")J *%J *J ()*J &%)*%"J +(J AB<J !J %ž<J $J "%%H!*J (%#J *J$-J$"$J+(J +$*%$<J -J )J J *J ,")J %J #$žJ-%()&&()J%J*J+()J %$J*J(%+*;J J ¨©ª¨J $*J *%$)J (&%(*J %$J *(J -%("J %+$*()J #J *J !$%-$J **<J %,(J ª#""%$J &%&"J Jž("žJ$J*J-%("J+)J%J

    3  3     3  0

      3  3   33

+$ž$J -*(J %$)+#&*%$;J %$*"))<J *)J (&%(*J #žJ $%*J JJ)%+(J%J%$($J*%J*J&%%(J &%&"J%J "%%H!*J+)J*žJ (J "(žJ *J *%J *J -*(J *J(%#J<JJ)*(#J$J *J*%-$; "%%H!*<J -*J J )*$J %J "))J*$Jª¨!"%#*()J*%J(%J#J $J !+$H!*J $%J "%$(J $ %ž)J (+"(J -*(J )+&&"ž;J *(J )J )*%&&J J%-$J $J *&);J $žJ &+"J )(,$*)J A#%)*"žJ *()BJ &%)*J *%J "%%H!*J ,J ("%*J *%J $%+($J *%-$)J +)J%J)%"J$J$()*(+*+(J $J$J*J%##+$*ž;J J-*(J&%$*)J)*J*J*J%"J *+<J $*("J %)'+<J J$<J

%<J;;;<J%H<J)J(%<J *;J%J$%*J+$*%$J$;J $J -""J "%%J )*(*J "*J &%")J #J $?J J )*(*J "*J ")*J +$*%$J $J ª:::;J J &%&"J&ž$J%(J)(,)J*žJ(J $%*J $ %ž$;J %-(J &"$*)J ,J *!$J %,(J *J )*(*)<J %+(*)žJ %J &"&*J&%-(J)+&&"ž; "%%J #(!*J (+)J (%#J ($+(J *%J #%-@J J J *-%J #(!*)J $J "%%H!*J -(J  +J )J *J #%)*J &*(%$£J $J %G)J$J*J:©D)J+*J%$J(J *Jž);J%((J%##+$*)J,J )*%&&J&*(%$£$J "%%J#(!*J )JJ()+"*J%JJ(%;JJ&%&"J %J +($H!*J$%J"%$(J($J*(J ž#J*+()J$J(J*%J*(;  $ $  $ $ $ $ !! !$$ J %$"žJ )%$(žJ )%%"J $J "%%H!*<J "%%J J %%"<J -)J %$*J žJ $J J (%+&<FJ %*%"+-FJ $J ª:85;J J )*J ($J .#$*%$)J %+$"J ABJ#žJ)%%$JJ$"J*)J$*(J $J J +J *%J +$(H&%&+"*%$;J $žJ ž%+$J ")J (%#J "%%H !*J,J%)$J*%JŒJ$J$(žJ *%-$J )%$(žJ )%%")J (*(J *$J*(J%-$J"&*J "%%H J %%";J %-,(<J "%%J %##+$*žJ )J ($%,*$J *J )%%"J ))#"žJ ""J -"J !*J **J %,($#$*J )J ($%,*$J %+*J*(J"))(%%#)J$J*J)*”JJ (%%#<J $%($J *J )%%"J $$J ""<J*”JJ$J&($&"D)J'+(*();J ""J")J "%%J!*JJ(%+&)@J J # %(J $()*(+*+()J $J

+"J $)**+*%$)J $J "%%H!*J $#"ž<J (#(žJ "*J $*(<J %)*J ~ JJ<J "%%HJ %%"<J %"J %)*<J *J -(J ""J %$*J žJ J (%+&);J J %+(J (#(žJ )%%")J $J "%%H!*J -(J +"*J žJ+();JJ%$J$J%$"žJ,J $*(J$J "%%H!*J-)J+"*JžJ $JJ(%+&;JJ%$"žJ$)**+*%$J +"*JžJ%,($#$*J$J "%%H!*J ;;J *J *%$"J (#(žJ "*J $*(J%$J)H "%%J%J)J$%J )$"J%*%(;JJ,J$*(J-)J $%$J)$J¨©©6;J  $  $ $  %  $&$ %,($%()J,J%#J$J%$J$J !*H**J-*%+*J%##))%$$J $žJ #$$+"J &(% *J $J "%%H !*;J J %(#(J %,($%(<J CžJ ž%<J $J ¨©©¨<J .&"*"žJ &(%#)J *%J (%$)*(+*J "%%J (%)J +*J %-J %+*J %J %~ JJJ -*%+*J "ž$J $žJ )&"*J $J *J *%-$;Jž%Jž%)HJ"J%,($#$*J **J -)J (+&*"žJ *(#$*J ,J *J %$)&(žJ %J !*J ))#"žJ $J )%#J ("J J+()J $J *%(J ¨©©7J ")%J &(%(#J ž)#""žJ $J "%%H!*;J +$J $HJ "J %,($#$*J #J -*J %&J +*J "J *%J ",(;J $J %,($#$*J -(J *J ¬;6J !"%#*()J)H "%%J$J žJ¨©©9J +*J "J *%J %#&"*J *J &(% *J %(J $J """žJ %%*J %+*J %J %~ JJJ $J *%(J ¨©ª©;J ž%J ž#H"J%,($#$*J#J-*J

#+J &(%)&*J +*J ž*J *%J .+*J J #$J$*J &(% *J $J "%%H !*;J (*%()J -(J (%+*J *%J "%%H!*J &(%(J *%J *J (+(žJ ¨©ª¨J %*J %+$"J &%"">J )%#J ($J-)J.,*J-"J-J (%)J -(J (J &&($*"žJ *%J  %"J*J+"""J&%&"J%J "%%H !*;JJ*(*%()J-(J*!$J-žJ JžJ*(J*J"*%$J-)J)*%&&J (%#J$J%$+*JžJJ("J J%+(*J)ŒJ$J$J%H!*;  '$ $$ % "%%H!*J )$$*)J ,J $,(JJ*J)%J&")+("J$J*(#J %J +žJ&&%$*#$*)J(%#Jž#H "J %,($#$*;J %-,(<J *)J &%"*"JJ+()J,J$%*J$J"J *%J $)+(J **J *J ¬;6J !"%#*()J )H "%%J %J -(J žJ *J +$J $H"J %,($#$*J )$J ž(J¨©©9J)J%#&"*J*(Jž()J *(J *(J %))J *%%!J %,(;J ž#J $J)J"+*$$*)J$J "%%J,J &(%(#J"%-J.&**%$<J$J J(#$Jž#J**JJ-%$J%$"žJ $J "%%H!*J +($J *J ¨©©8J &%""); ""J +(($*J &%"*"J "*%()J $J "%%H!*J (J (#$J **J &%)*(*žJ -""J $,(J %(,J *#J J "%%H!*J )J $%*J J.J %(J ž#J(#J.&()J$J*%(J ¨©ª5;J    #'  ' ' '  $   %" 

  '  ' '  '' ' '! ' ''

'%   " #'   '' ' 




         



    

       !"

 !"# $% %&'"' * & +$



!%K *K %K+ KK&K+ K .&)#>K +K *K #*&K )-&#,+!&%!*K &,)K#!-*>KK%K%&.K#!-KK#&%)K %K$&)K&$&)+#K#!K,*K &K+ K')&)**K&K*!%K,*AK.!+ K + K #'K &K *!%K $%K *K &%(,)K %+,)?K . ! K !*K . +K &K !*K )+&)K +&#K !$K+&K&>K !%K *K &%+)!,+K +&K &,)K &$&)+*K %K '#*,)*>K &.?K .K %K K&$&)+#K%0. )K&%K+ K*,)K &K + K )+ >K !)×&%!+!&%!%K %K "'K ,*K &&#K +K + K (,+&)>K %+)#K +!%K $"*K!+K'&**!#K&)K,*K+&K"'K.)$K+K + K&#*>KK -K&$K!%'%%+K &K + K #!$+>K &,)×*-!%K +*K -K #! +%K + K ,)%K &K &,*K .&)"K &)K &,*.!-*>K !%K *K #*&K K +&K + K '#*,)K &K $%>K K %K +,)%K &%K + K )!&K &)K K %K %+)+!%K *#K +K &$>K K K .!* *K &)K &,+&&)K >5;>?;4E5U>5;7=>78457C974567Y>>747:xU79?7 &KK-)!+0K&K&+ )K+ !%*> #+)!!+0K !*K &%K &K + K .&%)*K &K !%>K !+ &,+K !+K .K .&,#K %&+K -K K #+)!K #! +*?K %*?K ))!)+&)*K %K##K+ K#&,)×*-!%K-!*K!%K+ K &$>KK#*&K -K.&%),#K$%*K&K +)-#>K)*K%K,**K)K-)0K&$$&%>K #+)!K +)!%*K ))0K ,*K )&**K + K #%K qE;=7C?>4;7YB>>6P7 >;7Bx45>Y7C97xEƒ>747½4Y=7 )&**K+ K*"0>K %K%&K+!$?K.K%KK!%K %&+ )K&%+!%%+>K ,*K*'0K+)-#K!*K '&**!#K&%#0K&%K&,%+K&K+ K.&%)*K &K *!%>K #+)!!+0K #*&K %#*K ,*K +&K ,*K#-+&)*K%K*#+&)*K+ +K*-K,*K ;=>7;?9@{x>79J7C9E5C7@B7456769q57½EC=;Y7 &K*+!)*> !%K *K #*&K ')&-!K ,*K .!+ K YB>8;48x>Y7 4567 895;48;7 x>5Y>Y7 4?;E:8E4x7 #!$*?K &,%+!%K '%*?K +0'×.)!+)*K %K $ %!#K )!%*K &)K &$',+)*?K )%G+K ##K + *K + K .&%)*K &K *!%K BK !+ K + K #'K&K*!%?K$%K *K-%K) K + K$&&%>K&&%K K.!##KK-!*!+!%K&+ )K '#%+*K +&&>K  )K !*K %&K #!$!+K +&K + K .&%)*K&K*!%>K!%+!*+*K)K&$!%K &,+K .!+ K %.K !%-%+!&%*K %K .&%)*K -)0K%&.K%K+ %>K %&+ )K .&%)K &K *!%K .*K )&)K !%K ª987K .!+ K + K !%-%+!&%K &K +#' &%K 0K #/%)K ) $K ##>K #$&*+KK%+,)0K#+)?K')!*#0K!%Kª:8¬K )+!%K &&')K !%-%+K $&!#K ' &%>K &.K ''#K %&)'&)+!&%?K ''#K %>?K &)$)#0K ''#K &$',+)?K %>?K !*K %K

//  $++

 *! *%

$)!%K$,#+!%+!&%#K&)'&)+!&%K+ +K *!%*?K -#&'*?K %K *##*K &%*,$)K #+)&%!*K *KK+&K+ K.&%)*K&K *!%>

*+K ."?K ''#K &**K !$K &&"K #,% K +.&K %.K %*+*K ,)!%K K $, ×%+!!'+K-%+K+K+ K&$'%0G*K #!&)%!K (,)+)*>K  K &$'%0K *K )-$'K + K ! &%K 0K #,% !%K +.&K %.K %*+*K +K !+*K #!&)%!K (,)+)*K×K!%#,!%K&%K+ +K *KK :5C>?B?E5;7?>46>?P  K #!&)%!K #,% K .*K *+)$K +&KK')###K-%+K!%K)#!%K+ K')-!&,*K %! +K %K '#0K +K %&+ )K #,% K !%K ;=>7=E5>Y>784BE;4x7>ÒE5C7;=>7J9xx9qE5C7 U9?5E5CP7 =>7 :?UŠY7 8=E>J7 EU7 99ƒ7 895:?U>67 ?@U9@?Y7 ;=4;7 ;=>7 =EC=>567 ! &%K 6K .&,#K K (,!''K .!+ K K :5C>?B?E5;7Y8455>?7;97@5x98ƒ7;=>76>VE8>7 %K',+K%K%K+&K+ K0*K&K'**.&)*> K ')&$!*K + K  ')K ! &%K 6K .&,#K &$K .!+ K H##K + K )+K + %&#&0K + +K ,*+&$)*K -K #&-IK &%K !+*K ')-!&,*K $&#*K ×K ,+K %#0*+*K *!K!+K.*KH%&. )K%)IK*K 'K*K *&$K K')!+>  K H,+IK -)*!&%K ×K #,% K +K K ;EU>7 q=>57 BBx>7 4?C@4{xM7 J48>Y7 Y;E”>?7 #&#K &$'+!+!&%K + %K -)K ×K .!##K K %K &-!&,*K )!-#K +&K *&$K &K + K #&.× 89Y;7 C46C>;Y7 Y9x67 {M7 ;=>7 :?UŠY7 U4}9?7 &$'+!+&)*>K  K ! &%K 6K &*+*K <::K D=7¬EK &-)K K +.&×0)K &%+)+?K &)K <8¬7K GÉ»·ºI7 4Y7 47 95>9”7 B4MU>5;P7 9q>V>?7 .!%%!%K &-)K + K  !%*K &%*,$)K !*?K &)!%K +&K %#0*+*?K "0K +&K ''#G*K &%+!%,K*,**>

 K 6?K .!+ K !+*K )! +K &#&,)*K %K x9q>?7 B?E8>7 ;4C<7 EY7 6>YEC5>67 ;97 4Œ?48;7 ,0)*K !%K  !%K . &K ,))%+#0K -&,)K  ')K%)&!K*$)+' &%*>&.-)?K !+K!*K*+!##K)K$&)K')!0K+ %K#+)%+!-K $&#*>K K! &%K6K!%K !%K.!##K&*+K 6?¨99K  K D=65:EK &)!%K +&K ''#G*K  !%K.*!+> %!+!#K '&##*K *,*+K + +K $%*K + K {4Œx>7 E57 =E547 EY5Š;7 q95P7 q97 5>q7 ! &%K $&#*K !%+)&,>K  K ! &%K 6>K %KK*,)-0K&%K!%>&$>%?KK !%*K .K')&-!)K*!$!#)K+&K &&C?K99>5;K&K + &*K'&##K*!K+ K')!K&)K+ K! &%K 6K .*K +&&K ! >K %#0K ¨>7;K *!K + 0K .&,#K,0K&%> =>7 5>q7 ½4CY=EB7 U9{Ex><7 ;=>7 E=95>7 6K ×K ,K + K H&#K *+%)K !%K *$)+' &%*IK 0K + K + K !%+K ×K .!##K &$K !%K + K +)!+!&%#K ''#K &#&,)*K &K*!#-)K%K*#+K)0K*K.##K*KK%.K &#%K ,>K,+K+ K6K!*K!##K*KH$&)K ,%IK + %K %0K ! &%K 0+>K +K .!##K K Bx4Y;E87456789U>7E5747?45C>79J7:V>7VEVE67 &#&,)*K ×K #,?K . !+?K '!%"?K 0##&.K %K )%> &)K 0&,%K  !%*K &%*,$)*K . &K *$K +&K ,0K !%)*!%#0K ,0K '#*+!K &-)*K &)K + !)K ' &%*?K + !*K * &,#K K 4Œ?48;EV>P7 9q>V>?<7 BBx>7 Y;Exx7 J48>Y7 &%K &%*!)#K ')&#$K !%K  !%>K +K ,))%+#0K&%#0K *KK#K.!+ K+.&K&,+K&K + K+ )K !%*K$&!#K%+.&)"*>K K &$'%0K *?K*&K)?K!#K+&K*!%KK#K .!+ K  !%G*K #)*+K $&!#K %+.&)"?K  !%K &!#> !+ K 856K $!##!&%K ,*+&$)*K !%K  !%?K !+K !*K + K .&)#G*K #)*+K $&!#K

01234567348429272;<3=574

&$$,%!+!&%*K ')&-!)K %K 0+K %&%K &K + &*K ,*+&$)*K %K ,*K %K ! &%>K K#K!*K),$&,)K+&KK-)0K#&*?K,+K ,%+!#K!+K&$*?K''#G*K)&.+ K!%K !%K .!##K)$!%K#!$!+> >E57 >><7 J?9U7 ;@”P;V7 E57 E5C4B9?><7 +&#K"0K.*@KH K! &%K6K.*K%&+K . +K$&*+K&K,*K/'+>K#!-K+&KK 457 4”9?64{x>7 4x;>?54;EV>7 ;97 ;=>7 E=95>7 6?K !+*K ')!K +K &)K + K ª7K -)*!&%K !*K -%K $&)K /'%*!-K + %K &"!G*K

,$!K:¨6> ''#KK!$K&&"K''#KK!$K 99ƒ7 895:?U>67 ;=>7 ¹89x9@?J@x7 E=95>Š7 ),$&,)*KH''#G*K)+*+K&%+%)K&)K ;=>7 =E5>Y>7 U4?ƒ>;7 EY5Š;7 E;Y7 {EŒ>?7 ?EV4x<7 $*,%?K &)K &+ )K %)&!K $")*>K +G*K  !%G*K &$×)&.%K )%K !&$!?K . ! K *K !%K K ,#+K *++,*K "!%K +&K BBx>ŠY<7q=E8=7qExx7B@;7@B747Y;?95C7:C=;7 !%*+K+ K,')+!%&×*K&$'%0> H ,*+K#*+K."?K!+K *K#*&K,%-!#K+ K !¬?K. ! K&*+*KK$)K Kª?:::K%K +,)*K ).)K %K *#"K *+ +!*K + +K.!##K',+K+ K! &%K6K+&K* $>I =>7 ;q97 5>q7 6>VE8>Y7 q>?>7 :54xxM7 Y=9q57 ;97 ;=>7 q9?x67 4§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×+ !%"!%K *$)+' &%K !%K + K .&)#?K #!-)!%K *"+&'K #**K ) !++,)K!%K+ K'#$K&K0&,)K %>I K )!-K K $**!-K )&,%K &K 4BBx4@Y>7 4Y7 =>7 E5;?96@8>67 ;=>7 :5C>?;EB7 *%%)K ×K %$K &, K K ×K . ! ?K K *!?K .&,#K ')&-!K K H*!$'#K %K *,)K .0K +&K ,%#&"K 0&,)K ' &%K .!+ K }@Y;747;9@8=79J7M9@?7:5C>?‡P  K *,)!+0K +,)K !*K ,!#+K !%+&K + K =9U>7{@Œ9574567@Y>Y747x4Y>?78@;7Y4BB=E?>7 )0*+#K#&%K.!+ KK*%*&)K+&K+"KK ! × ?>Y9x@;E957EU4C>79J747@Y>?ŠY7:5C>?B?E5;P7 &)!%K +&K ''#?K + K + %&#&0K %K H!%+##!%+#0K %#0*IK + K ')!%+K +&K ')&-!K ,)+K )!%*K )&$K %0K 45Cx>P7 Pxx7 :5C>?B?E5;7 E5J9?U4;E957 EY7 >58?MB;>67 4567 ;=>7 :?U7 =4Y7 E5YEY;>67 E;7 .!##K%-)KK*+&)K&%K''#K*)-)*> 0&%K ,%#&"!%K + K ' &%?K + K +,)K %K K ,*K *K K *,)K .0K +&K '')&-K',) **K)&$K+ K!,%*K+&)?K ''K+&)K&)K!&&"*K+&)?K''#K*!>K +K *K')&$!*K,*+&$)*K+ +K##K+!&%*K &%K + K -!K .&,#K K *+)K + %K &%K ')-!&,*K %*+*?K)&$K#,% !%K''*K %K !+!%K ' &+&*K +&K '#0!%K )' !× !%+%*!-K$*>  K' &%K.!##KK-!##K!%K+ K K &)KK*,*+K)+!#K')!K&K=65:K&)K+ K ª7K $&#?K =7¨:K &)K + K ¬¨K $&#K %K=8©:K&)K+ K75K$&#>K %-*+&)*K *$K,%!$')**K.!+ K''#G*K#+*+K +*>K  K &$'%0G*K * )*K #&*K 69q57 À²²Pʳ7 4;7 À»º»P·»7 4§>?7 {?E>½M7 *,)!%K+&K<6©8>56K&%K%+!!'+!&%K&K+ K #,% >

*&%K %"!%*?K!+&)K&K+ %&#&0K*!+K ?K*!K''#K *K$KK'#0K&)K+ K H"*K!+K#&*+IK+&K%)&!K.!+ K+ K6>KK *!@KH%)&!K' &%*K#!"K+ K$*,%K #/0K5K%KK%K)K"%&.%K&)K &%+!%!%K -)0K *+K ')&**&)*?K . !#K E=95>Y7=4V>7{>>57x>§7{>=E56P‡  K ! &%K K !*K K #!%K &K *$)+' &%*K 4234>9451?




          



    

          

WZ WZ] X[V[@)Z)&@HX



   

   YB48>8?4§<7 ;=>7 @8x>4?7 B>8;?9Y89BE87 >x>Y89B>7??4M<7 9?7 @<7 =4Y7 ‹{4CC>6‡7 E;Y7 :?Y;7 ²±7 Y@B>?U4YYEV>7 {x48ƒ7 =9x>YP7 =>7 UEYYE95<7 q=E8=7 =4Y7 47 U4Y;7 ;=>7 x>5C;=7 9J7 47Y8=99x7{@Y<7EY7;=>7:?Y;7;>x>Y89B>784B4{x>7 9J7J98@YE5C7;=>7=EC=>Y;>5>?CM7?4M7xEC=;7 E5;976>;4Ex>67BE8;@?>YP =>75>q7{x48ƒ=9x>7:56Y74?>7;=>7:?Y;79J7 =@56?>6Y7>XB>8;>67J?9U7;=>7UEYYE9579V>?7 ;=>7 5>X;7 ;q97 M>4?YP7 =>Y>7 C4?C45;@457 Y;?@8;@?>Y7 7 {x48ƒ7 =9x>Y7 Y@??9@56>67 {M7 ;=E8ƒ7 6EYƒY7 9J7 C4Y7 7 xE>7 4;7 ;=>7 =>4?;Y7 9J7 6EY;45;7 C4x4XE>Y7 {>;q>>57 ±P³7 4567 ²²P»7 {ExxE957xEC=;M>4?Y7J?9U74?;=P ‹>7 J9@567 ;=>7 {x48ƒ7 =9x>Y7 Y>?>56EBE;9@YxM<‡7 >XBx4E5>67 4VE67 x>X456>?<7 47 @7 ;>4U7 U>U{>?7 {4Y>67 E57 ;=>7 >B4?;U>5;7 9J7 =MYE8Y7 4;7 @?=4U75EV>?YE;M7E575Cx45674567x>467 4@;=9?79J7475>q7Y;@6M74BB>4?E5C7@CP7¯±7 E57 =>7 Y;?9B=MYE84x7 9@?54xP7 ‹>7 q>?>7 x99ƒE5C7 4;7 ƒ59q57 ;4?C>;Y7 4567 YB9Œ>67 ;=>7{x48ƒ7=9x>Y7E57;=>7{48ƒC?9@5679J7;=>7 EU4C>YP‡ 66E;E954x7Y>?>56EBE;9@Y7:56Y7Y@8=74Y7 ;=>Y>74?>7>XB>8;>67J9?7;=>7UEYYE95P7x95C7 qE;=7;=>7UEYYE95ŠY7U9?>7;4?C>;>67Y@?V>MY7 9J7 Y>x>8;>67 B4;8=>Y7 9J7 YƒM<7 ;=>7 @7 ;>4U7 Bx45Y7 ;97 89U{7 ;=?9@C=7 =@56?>6Y7 9J7EU4C>Y7;4ƒ>57{M7;=>7;>x>Y89B>7qE;=7;=>7 C94x79J7:56E5C7{x48ƒ7=9x>Y784@C=;7E57;=>7 {48ƒC?9@56P 58>7;=>7²±7{x48ƒ7=9x>Y7q>?>7E6>5;E:>6<7 ;=>7 ?>Y>4?8=>?Y7 q>5;7 ;=?9@C=7 B?>VE9@Y7 64;47 ;4ƒ>57 {M7 ŠY7 =456?47 ?4M7 {Y>?V4;9?M7 4567 ;=>7 @?9B>457 B48>7 C>58MŠY7 >q;957 Y4;>xxE;><7 ;q97 89UBx>U>5;4?M7YB48>7;>x>Y89B>Y7;=4;7Y>>7 x9q>?>5>?CM7 ?4M7 xEC=;P7 =>7 Y8E>5;EY;Y7 J9@567;=4;7;=>79{}>8;Y7=467{>>576>;>8;>67 {>J9?>P7 ;7 q4Y5Š;7 @5;Ex7 ;=>7 @7 9{Y>?V4;E95Y<7 =9q>V>?<7 ;=4;7 ;=>M7 Y;9967 9@;7 4Y7 >X8>B;E954x<7 q4??45;E5C7 8x9Y>?7

@HQ&VHVHWXHVYZZZ@WH(WV)&W[&X@&WHX  \Z]VW Q&WHZHQVZHQ WW[]  W&     V& E5YB>8;E95P M7 89U{E5E5C7 9{Y>?V4;E95Y7 ;4ƒ>57 48?9YY7 ;=>7 ?45C>7 9J7 ;=>7 ?4M7 YB>8;?@U<7 ;=>7 4Y;?959U>?Y7 =9B>7 ;97 8?48ƒ7 @5Y9xV>67 UMY;>?E>Y7 9J7 {x48ƒ7 =9x>YP7 9?7 >X4UBx><7 =9q7U45M79J7;=>U7B9B@x4;>7;=>7@5EV>?Y>Ó ‹>7 4?>7 C>ŒE5C7 8x9Y>?7 ;97 Y9xVE5C7 47 UMY;>?M7 ;=4;7 {>C457 E57 ²º·¯<‡7 Y4E67 x>X456>?P7 ‹48ƒ7 ;=>5<7 4Y;?959U>?Y7 =467 59;>67 47 6E”@Y>7 ?4M7 Cx9q7 E57 ;=>7 {48ƒC?9@567 9J7 9@?7 YƒM7 {@;7 q>?>7 @5Y@?>7 9J7E;Y79?ECE5P79q<7q>7ƒ59q7;=4;76EY;45;7 Y@B>?U4YYEV>7 {x48ƒ7 =9x>Y7 4?>7 Y9@?8>Y7 9J7 ;=EY7 xEC=;<7 {@;7 q>7 5>>67 @7 ;97 =>xB7 J@?;=>?7 6>;>8;7 4567 @56>?Y;4567 ;=>7 {x48ƒ7 =9x>7B9B@x4;E95YP‡ =EY7?4M7Cx9q<784xx>67;=>789YUE87?4M7 {48ƒC?9@56<7 B>4ƒY7 4;7 ;=>7 =EC=>5>?CM7 J?>µ@>58E>Y7 ;=4;7 @7 EY7 6>YEC5>67 ;97 Y>><7 Y97 ;=>7 UEYYE957 EY7 ƒ>M7 ;97 E6>5;EJME5C7 q=4;ŠY7B?96@8E5C7;=>7xEC=;P7@78457 4xY97 :567 ;=>7 U9Y;7 =E66>57 Y@B>?U4YYEV>7 {x48ƒ7=9x>Y<7{@?E>67{M7;=E8ƒ7q4xxY79J7C4YP ‹=>7 =EC=>Y;>5>?CM7 ?4MY7 8457 B4YY7 ?EC=;7 ;=?9@C=7 >V>57 YEC5E:845;7 4U9@5;Y7 9J7 6@Y;7 4567 C4Y7 Y@??9@56E5C7 ;=>7 48;EV>7 Y@B>?U4YYEV>7 {x48ƒ7 =9x>Y<‡7 Y4E67 E9547

4??EY95<7 47 Y;@6M7 894@;=9?7 4567 ;=>7 UEYYE95ŠY7 B?E58EB4x7 E5V>Y;EC4;9?7 4;7 ;=>7 4xEJ9?5E47 5Y;E;@;>7 9J7 >8=59x9CM<7 4Y46>54P 4;47 J?9U7 ŠY7 E6>:>x67 5J?4?>67 @?V>M7 XBx9?>?<7 9?7  <7 4567 BE;¾>?7 UEYYE95Y7 4xY97 B?9VE6>7 UEYYE5C7 BE>8>Y7 E57 ;=>7 B@¾¾x>7 9J7 {x48ƒ7 =9x>Y7 {M7 q>EC=E5C7 ;=>7 U4YY7 9J7 ;=>E?7 =9Y;7 C4x4XE>YP‡@?7 >4?xM7 ?>Y@x;Y7 Y=9q7 ;=4;7 ;=>7 U9?>7 6EY;45;7 Y@B>?U4YYEV>7{x48ƒ7=9x>Y74?>7>584Y>67E57 {ECC>?7C4x4XE>Y<‡7Y4E6745E>x7;>?5<74789 4@;=9?79J7;=>7Y;@6M74567;=>7B?9}>8;7Y8E>5;EY;7 J9?7 @7 4;7 ŠY7 >;7 ?9B@xYE957 4{9?4;9?M<7 4Y46>54<7 4xEJP7 ‹=EY7 EY7 ;97 {>7>XB>8;>6P748ƒ7q=>57;=>7@5EV>?Y>7q4Y7 M9@5C>?<7;=>?>7q4Y747x9;7U9?>748;E957qE;=7 {ECC>?7 C4x4XE>Y7 89xxE6E5C<7 U>?CE5C7 4567 C?9qE5CP‡ @;@?>7 9{Y>?V4;E95Y7 qExx7 ?>V>4x7 U9?>7 4{9@;7 ;=>7 {>4Y;xM7 =4BB>5E5CY7 9J7 {x48ƒ7 =9x>Y<75>4?74567J4?P7 57466E;E957;97=@5;E5C7 ?>U9;>7 {x48ƒ7 =9x>Y<7 @7 EY7 4xY97 Y>4?8=E5C7 J9?7 9;=>?7 >X9;E87 9{}>8;Y7 qE;=E57 9@?7ExƒM74M7C4x4XMP @7EY747U4xx7XBx9?>?7UEYYE957x>67 {M7;=>74xEJ9?5E47 5Y;E;@;>79J7>8=59x9CM7

      

H@&@]WHXQ

6>YEC5>67 4567 U4?ƒ>;>67 {M7 BBx>7 58P7 ;7 ?@5Y7 BBx>ŠY7 E7 U9{Ex>7 9B>?4;E5C7 YMY;>U<7ƒ59q574Y7;=>7‹E=95>7‡7@5;Ex7

@5>7¯±²±<74x95CYE6>7;=>7?>x>4Y>79J7EP7 =>7:?Y;7C>5>?4;E957E=95>7q4Y7?>x>4Y>67 957 @5>7 ¯º<7 ¯±±°Á4567 ;=>7 U9Y;7 ?>8>5;7 E=95><7;=>7YEX;=C>5>?4;E957E=95>7Ê<7 q4Y7 ?>V>4x>67 957 >B;>U{>?7 ²±<7 ¯±²³P7 =>7 @Y>?7 E5;>?J48>7 EY7 {@Ex;7 4?9@567 ;=>7 6>VE8>ŠY7 U@x;E;9@8=7 Y8?>>5<7 E58x@6E5C7 47VE?;@4x7ƒ>M{94?6P7=>7E=95>7=4Y7E E745678>xx@x4?78955>8;EVE;M7G¯ <7³ <7» <7 4567IP     

    57 @5>7 ¯º<7 ¯±±°<7 BBx>7 9UB@;>?Y7 ?>x>4Y>67 E;Y7 5>q7 ;9@8=7 Y8?>>57 YU4?;7 B=95>7 84xx>67 ;=>7 E=95>P7 7 @;<7 q=97 E5V>5;>67 ;=>7 E=95>Ó7 >xx<7 9V>?7 ;q97 =@56?>67 6E”>?>5;7 B4;>5;Y7 q>?>7 B4?;7 9J7 ;=>7 6>YEC57 9J7 ;=>7 5>q7 E=95><7 Y97 BE5B9E5;E5C7 95>7 E5V>5;9?7 q9@x67 {>7 @5J4E?P7 9q>V>?<7 ;=>7 ƒ>M7 B>?Y954x7 ;=4;7 {?9@C=;7;=>7E=95>7E5;97>XEY;>58>78457{>7 6EY8@YY>6P =>7 :?Y;7 8958>B;7 J9?7 457 E=95>7 ;MB>7 6>VE8>784U>74{9@;7E57¯±±±7q=>57BBx>7 q9?ƒ>?7 9=57 4Y>M7 Y>5;7 Y9U>7 8958>B;7 4?;74?9@567VE47E5;>?54x7>U4Ex<7=>784xx>67 E;7 ;=>7 >xEB967 7 47 ;>x>B=95>7 4567 E967

8 9 U { E 5 4 ; E 9 5 P7

9q>V>?<7 ;=EY7 E6>47 >V>5;@4xxM7 >V9xV>67 E5;97 ;=>7 E=95>7 q>7 ƒ59q7;964MP  > V > x 9 B U > 5 ;7 9J7 q=4;7 q4Y7 ;97 {>89U>7 ;=>7 E=95>7 {>C457 E57 ¯±±»<7 q=>57BBx>7Y;4?;>67 ;97 C4;=>?7 47 ;>4U7 9J7 ²±±±7 >UBx9M>>Y7 ;97 q9?ƒ7 957 ;=>7 =EC=xM7 895:6>5;E4x7 ‹?9}>8;7 @?Bx>‡<7 E58x@6E5C7 E?7

954;=457 V><7 ;=>7 6>YEC5>?7 {>=E567 ;=>7 E=95>P7 BBx>7 7 ;>V>7 9{Y7 Y;>>?>67;=>79?ECE54x7 &( HZ J98@Y7 4q4M7 J?9U7 47 ;4{x>;<7 xEƒ>7 ;=>7 E46<7 4567 ;9q4?6Y7 47 B=95>P7BBx>78?>4;>67;=>76>VE8>76@?E5C7 47 Y>8?>;EV>7 89xx4{9?4;E957 qE;=7 Ý7 9{ExE;MÞE5C@x4?7 E?>x>YY7 4;7 ;=>7 ;EU>Þ4;7457>Y;EU4;>676>V>x9BU>5;789Y;7 9J7À²Ê±7UExxE9579V>?7;=E?;M7U95;=YP BBx>7 ?>}>8;>67 ;=>7 ‹6>YEC57 {M7 89UUEŒ>>‡7 4BB?948=7 ;=4;7 =467 ME>x6>67 ;=>7 9;9?9x47  7 ²<7 47 x4?C>xM7

@5Y@88>YYJ@x7 89xx4{9?4;E957 qE;=7 9;9?9x4P7 5Y;>46<7E5C@x4?7C4V>7BBx>7 ;=>7 xE{>?;M7 ;97 6>V>x9B7 ;=>7 E=95>ŠY7 =4?6q4?>7 4567 Y9§q4?>7 E5=9@Y>7 4567 >V>57B4E67BBx>747J?48;E9579J7E;Y7U95;=xM7 Y>?VE8>7?>V>5@>7G@5;Ex7;=>7E=95>7³ I<E57 >X8=45C>7J9?7J9@?7M>4?Y79J7>X8x@YEV>77 Y4x>Y<7@5;Ex7¯±²²P

9{Y7@5V>Ex>67;=>7E=95>7;97;=>7B@{xE87

E574Y46>5474567U454C>67{M7ŠY7 >;7 ?9B@xYE9574{9?4;9?M<74xY97E574Y46>54<7 J9?7 ŠY7 8E>58>7 EYYE957 E?>8;9?4;>7 E57 4Y=E5C;95P7 =>7 YB48>8?4§7 q4Y7 {@Ex;7 {M7 ?{E;4x7 8E>58>Y7 9?B9?4;E95<7 @xx>Y<7 4P7 ;Y7 E5Y;?@U>5;7 q4Y7 {@Ex;7 {M7 47 895Y9?;E@U7 E58x@6E5C7 4x;>8=Á7 Á7 ;=>7 5EV>?YE;M7 9J7 4xEJ9?5E4<7 >?ƒ>x>MÁ7 9x@U{E475EV>?YE;M<7>q79?ƒÁ7ŠY7 9664?67B48>7xEC=;7>5;>?<7 ?>>5{>x;<7 6PÁ7 ;=>7 45EY=7 >8=5E84x7 5EV>?YE;M7 E57 >5U4?ƒÁ7 4q?>58>7 EV>?U9?>7 4;E954x7 4{9?4;9?M<7 EV>?U9?><7 4xEJPÁ7  7 >?9YB48>7 MY;>UY<7 9x>;4<7 4xEJP<7 4567qE;=7Y@BB9?;7J?9U7;=>7 ;4xE457B48>7 C>58M7G I78E>58>74;47>5;>?P $ +","",!#",#!,", #, , !(*, &#, #, , !%, #",  $#!, !$, "##, #, #, *, (), , ""+", $#!, !!, ", ", #, , ##, %!"#(*, !#, !*, ), +",'!!, !!,",,(, !), ,",,(,#,!, ), Ü      957 45@4?M7 º<7 ¯±±°<7 4;7 ;=>7 48q9?x67 ¯±±°7895V>5;E9574;7;=>79Y895>7>5;?>7 E57457?458EY89P7=>7;q97E5E;E4x7U96>xY<7 47 »7 7 U96>x7 B?E8>67 4;7 À7 »ºº7 4567 47 ´7 7U96>x74;7À7ʺº<7q>5;7957Y4x>7E57 ;=>7 5E;>67 ;4;>Y7 957 @5>7 ¯º<7 ¯±±°<7 4;7 ·Ë±±7 BU7 x984x7 ;EU><7 q=Ex>7 =@56?>6Y7 9J7 8@Y;9U>?Y7 xE5>67 @B7 9@;YE6>7 ;=>7 Y;9?>Y7 54;E95qE6>P7 =>7 B4YYE954;>7 ?>48;E957 ;97 ;=>7 x4@58=7 9J7 ;=>7 E=95>7 ?>Y@x;>67 E57 Y>8;E95Y7 9J7 ;=>7 U>6E47 6@{{E5C7 E;7 ;=>7 ¹ >Y@Y7B=95>ŠP7=>7²Y;7C>5>?4;E957E=95>7 q4Y7 U46>7 4V4Ex4{x>7 E57 ;=>7  <7 ?458><7 4567 >?U45M7 E57 9V>U{>?7 ¯±±°<7 4567 ?>x4567 4567 @Y;?E47 E57 ;=>7 YB?E5C7 9J7 ¯±±´P     

    BBx>ŠY7 =>467 9J7 6>YEC5<7 954;=457 V>7 EY7 =>4VExM7 8?>6E;>67 qE;=7 ;=>7 4>Y;=>;E87 6>YEC57 4567 x99ƒ7 9J7 ;=>7 E=95>P7 =>7 E=95>7 q4Y7 ;=>7 :?Y;7 YU4?;7 B=95>7 ;=4;7 =467 597 =4?67 ƒ>MB467 J9?7 6E4xxE5C<7 E;7 q4Y7 >5;E?>xM7 47 ;9@8=Y8?>>57 6>VE8><7 4567 ;=>7 E=95>ŠY7 ;9@8=Y8?>>57 ;>8=59x9CM7 q4Y7 C?9@56{?>4ƒE5C7 qE;=7 U@x;E;9@8=7 895;?9xY<7 U9?>7 ;=457 Y>x>8;<7 M9@7 89@x67 Y8?9xx74567¾99U74Y7q>xxP =>7 E=95>7 4xY97 E5;?96@8>67 ;=>7 488>x>?9U>;>?<7 47 U9;E957 Y>5Y9?7 ;=4;7 4xx9q>67M9@7;97;@?57;=>7B=95>7YE6>q4MY7 4567?9;4;>7;=>76EYBx4MP7=Ex>7E;7q4Y7;=>7 :?Y;7 6>VE8>7 ;97 =4V>7 ‹4BBY‡7 9?7 Y9§q4?>7 46695YP7 ;7q4Y7;=>7:?Y;7YU4?;7B=95>7;97 U454C>7;=>74BBY7U4?ƒ>;7Y@88>YYJ@xxMP


        

    

           



   

,+-++-)((*&3/30

 33  3 3 3 3 3 -3  3333 3 ,33 3 333 !3 3 -'3  -3 3 3 3

3 3 3 3

3 3  -3 3  3  3 ,

3 3   3  -3 3 3 3-3 3 3 3 3  3 3 3 3 3 E5Y;?@U>5;4x7 E57 C>ŒE5C7 9@?7   3  3 3 -'3  3  -3 3 3 3 3 22 3 3 3 3   3 3 3   3 3 33, 3 3 333 33 3 3  3  3 3 !2 -3 3 3 3 3  -3 3 3  3  3  23 3 ,3 3 3  3 3 3   13 -3 3

33 3-33 3 {>C457;97½M74567 7Y@CC>Y;>6747  -33  33 ,

3 3 333 3  -3 3 3  3 !3  3 3  3 3 3 q9@x67Y4M<7q=>57Y=>7:56Y79@;7 3 3 3 3 ,3 3  3 3  -3 3 3 EY7;=>7:?Y;7E5747x95C7;EU>7;=4;7 7  33333 3  ,3 3 33  3333 3  3 3   -3 3 Y=>7 EY7 {>5;7 957 8@ŒE5C7 4xx7 ;E>Y7 3,3  3 33.   



%  !# ' '#  % + :5J7 859:7 4<X<:I7 8597 ;<<J7 $ !# ! '  !, # * " .   ! '   .+  ! *   ,! # . ,$! !   !," ! '  !# !!+ -   ! .#     !, '  (& *!# 0  ! .# :<43>H5B;7 3Y<:7 344ZI7 [9;>7 HJ3LHB<7  %!\ !% # *!# !! !$   $!"  " 3GG9;3>H5B;7]8HBL7?3GU73B@7V5:>MI7  $"  $,!" $ #"  '02#.! 3 3 33 3 33 '# ! #.*" ' #.! %!"!''  3        !" !#   $ %!%#!  & '  ()'*& *!#+    !# !!" %$ * !  !, ''$!+-'#

               

J9?7 :V>7 M>4?Y<7 4567 U4??E>67 J9?7  3 ,3 3 3332&,-3 3 3  3 3  3 3 3 3333,3 3 3 -3 3  3 3 3 3 -3 3 3 3 3 3 3  3  3 3  3 3 3 3 3 3 3 3 3 3 3 ;4ƒ>7 4xx7 9J7 =>?7 9x67 B=9;9Y7 9”7 ;=>7  3 33333 3 ,3

33 -333 33 3 3 33 -3 3  3 +,,3 3 3 3 3 33!-3 3 3!3 qE;=7x9;Y79J76E”>?>5;7B>9Bx>745674;7 6E”>?>5;7x984;E95YP7=>M7q>?>7V>?M7 C?4B=E8P7 7q4Y7B?>ŒM7Y=98ƒ>6<74567 33 , 7 J>x;7 Y9U>q=4;7 @5Y>Œx>67 4{9@;7 -3 3  3 3 333 3 3 3  3 -3 3 3 33 3 33 3 3-3333 3,3 =>7 :?Y;7 E5Y;E58;7 q4Y7 ;97 ;=?9q7 3 3  3 3 3  3 3  3 3 ,3 # -3 3 3 3 3 3 3  33 3  3 3 3 3 -3 3  -3 3,3 3  3 3  3 3  3 -3 3 3 3 3 -3

3 3  3 3 3  3 3 3   -3  3 3  ,3 3 3 3  3   3 3 3,3  



" !# !!'# /! !!%,%#. ,(%,#*,!'$ !',,$#+  %!! %!  ," . %$$'*% ,##! #,,*+ *  # #%#"   ' ,$!%" 01 ! %2"  '# ,..  *!#    *+ "   !* " ( .     + %"'%%! #  $" . ! *  344567859:;<4=<;7>57?<7@<AB<@7;54<487?87 (+ "$ !,!C  !#  *   %,. * !!!'!+

"!##'!' ### ,, !# '  '* '*!#+   '  $#  * !#   '  ! .  ,!+ !  ' D' !  %#  . ! %  #! '"& ' # ! #+  # ! '!,   * .*$".# !!#,%!*   !'+  *%    *!%#!#,.' #%#!$* (,!!*$+ " !  !#"  '   %%,   ,,!#+ !#  '  *%  $! .!  $ !# %$,%#" '%  .#'!*!#+

$#+  %#! !#  ! * (,!! .  !' !" '  '$! '   '  $$$& *!#" !' !# ##& " !#  .!#  $$& *!# !'+ !'%!%!!%   %!!  !,"  *  %! !   *)'.$!$!# ' ! #$  !, !##*+

 ! !# %$ , ' $!%!#'"*   '!  !, *    !+ '"#!&.+

          33  3 3 3  3 ,33 3  -3 3 '+2 23 3  3  313 333 3 33 3, 333 3 333 -3  3 3  3 3 3 3 3 3 3 3 3 3 -3 3 3 3 3  3 3 3 3 3 3 3 3 3 3 ,3 #3  -3    3 3 -3 EY7 59;7 q>x89UE5CP7 7 =EY7 EY7 47 U457 3 3 3 3 3 3-3 3 3 3 3 3 3 3 3  ,33 333-3 3 3  3  3 3 3 3 ,3  333.3 

 

 '###,! ,%# !  ! ,!& 3E<G>H5B;I7 ?9>7 G5B;H@<:3?48I7 J5:<7 ,!**#!&!'+ '"!*$$! ..1%.' !!+ $*!!".# %#" ' '! !  ,%  !." .  $  #!'*.

%!+  $  * #, !'!*##+&! <3;87>57AB@7:K7HLM>7HB7859:743><7OP;I7   %! $! ' #  J9;>7M3=<7?<<B7>57AB@745=<76H>M73B754@7 *!#+

 ,.. $!#  *%  !' $ '# $   * " + "   ! #  J3@<737Q3;;73>7859I73B@7 7AB@7H>7M3:@7  $! '  ! '# ?<B<A>7M<:K77   $!# .%  '!  ' ! !#  $ ##!& ,,*.*!#+#$! @HE<:<BG<7>57859:73E<G>H5B;R -"!!!%"&.%$ ,!"!#$) % %#T  !#    , .%"'*$!#!#. !"'(% '!1#$!+ !  !!%"  .!#  "   .  .  ,+ !  '#  $  *' JH;>3U<;7 HB7 3E3H:;7 5V7 >M<7 M<3:>W7 3@JHX<@48I7 Q:5Q5;H>H5BHBL7 >M<7 #**!#+ $$$!*$#! !# %# . *! '# . !'+ $1 .!"'&%!#' 0!2+

           313 3 3 3  3 &,-3  3  -3 33 3 3 M>4?Y7 4C9P7 =>7 U4??E4C>7 6E67 3  3 3 -3 3 3 3 3     3 3 3 3 3 3 3  3 ,3 /-333 333 3  3 3 13 3  3  3 3 3 3  3 3  -3 33 3 3 UM7 69@{x>7 6>4xE5CP7 =>7 Y54C7 3 3  3 3 3 3 23  3 / 3 3 3 3 -3333

0,3 3  3 3 3 3  3 3  3 -3 3 13  3 3 3 3 3  3!3 33 -33 -3 3 3 3 ,3 13 3  3  3 q=>?>7 7 J>>x7 ;=>7 5>>67 ;97 Y>Œx>7 3 3  3  ,3

 333. 

 $!"    ! ! *   * D%&"    ( !$ ' ' $! ' ' ! #  #, $!) !$ .!# ' C  %! ! % $ * $ !%" ! .!+   ,, ' ,* !%$,%# ().# !%!".$.*'* $*$+ *'$!$!!    ( ' $"  ! !  '# .   ' !#)!)!#  %!$".!* #!!',,+    /! * ,%" !#    ' ' $! ' '%!!!,#! !+ ###"! %,'$!%!*! * .!%! .'! ' $!   . .+ ! .'!!#$$. !!* $"..%$(%! 6M<B7 8597 AB@7 8597 M3=<7 B57 :<347 %% !% ! $! '! *,$!!,!+ - !% .#  G5BA@<BG<7G3B7;>3:>7>579B@<:JHB<7 + & ! '!#  * ! ,+ *  ' ,, '   / !#  !)!) 3X3GM<@I7>65^45=<:74HV<I7>M<B7H>7H;7 .*%".!&" !# ! $! * %! ' %!#,!+ $   ! % ,*!%" '% '#  ! 5J<57H;7>M<7L:<3>7Q3;;H5B75V7859:7 *+  "   . $!$$ V:5J7 >M<7 <BG59B><:;7 >57 :<]<G>7 5B7 '   '!T   $'*' (+   1  !%    .!  ,%%,# '  ' ().##    %#  , !   *  $! '& ! *#   *!#" ,!  '*+ &  " . & ! AB@7 MHJ7 HV7 859_:<7 ?9;87 [9LL4HBL7 $!.#$!+




        

     

    

 (  &( #( !#%#'( (

( " '( !"( ( !"!'( "(  !"( 488E6>5;4xxM<7xEยŒx>76E67;=>M7ยƒ59q7 ;=4;7E;7q4Y747U>>;E5C7;=4;7q9@x67 4x;>?7;=>789@?Y>79J7;=>E?7xEV>Y7J9?7C996P7ยง>?7 47 {?E>J7 89@?;Y=EB<7 ;=>7 6@97 C9;7 U4??E>67 ;=>7 Y4U>7M>4?7;=>M7U>;P7 57;=EY7E5;>?VE>q7qE;=7   (  <7 ;=EY7 89@Bx><7 q=97 4?>7 Y97 E57 YM587 qE;=7 >48=7 9;=>?<7 ?>V>4xY7 q=4;7 ยƒ>>BY7;=>U7q4XE5C7Y;?95C>?P



( ( ( ( ( %( # ( ( ( ( !$ )7>YP7B4?;7J?9U7{>E5C7 (( "" '(((!( 457 >V45C>xEY;7 4567 {>xE>V>7 E57 967q=97Y@Y;4E5Y7UM7xEJ>P %( ( # ( ( ( ( (* )( "( %'( ( ( !&(  !"( !#%#(((! $( !("(!"(!" " & 9<7;=>?>7Y>>UY7;97{>747YM5>?CM7 {>;q>>57 ;=>7 ;q97 9J7 M9@P7 =4;7 EY7E;7xEยƒ>7q9?ยƒE5C7;9C>;=>?7qE;=7 M9@?7qEJ>ร“ )7 >xx<7 E;7 =4Y7 4xq4MY7 {>>57 xEยƒ>7 ;=EY<7 q>7 =4V>7 459;=>?7 J48ExE;M7E57B>7q=>?>7Y=>7Y>?V>67 4Y7 457 46UE5EY;?4;9?7 q=Ex>7 q>7 q>?>7 ;?ME5C7 ;97 Y>;7 @B7 9@?7 5>q7 '(!(!(#!"((( ( ;q97 q>>ยƒY7 4C9P7 7 ?>4xEY>67 ;=4;7 ;=>?>7q4Y747x48@547;=4;7 75>>6>67 ;97:xx7Y97;=4;7UM7q9?ยƒ>?Y789@x67 #%("(%($!&(("( %( 9J7 96<7;=E5CY74?>7q9?ยƒE5C7q>xx7 59qP7 9Y;7 ;EU>Y<7 7 ;>567 ;97 {>7 " "( !( ( ( Y9U>95>7 ;=4;7 qExx7 Y;4{ExEY>7 U>7 4567UM7q9?ยƒJ9?8>P7 7=4V>7{>>57 B?48;E8E5C7J9?7ยฏยฏM>4?Y759qP "((((((( (* )(G4@Y>YI7 57Y97U45M7q4MY<7 E;7EY7V>?M78=4xx>5CE5C7{@;7J9?7U><7 7;=E5ยƒ7 ยŠU78@;79@;7J9?7;=EY7}9{<7Y97 7 =4V>7;=>7B4YYE95P797;=4;7>X;>5;<7 7 ยƒ59q7 7 q=4;7 ยŠU7 69E5C7 4567 UM7 qEJ>7 8457 {>4?7 U>7 qE;5>YYร7 7 89@x67 q9?ยƒ7 ;q>5;M7 =9@?Y7 9J7 ;q>5;MยJ9@?7=9@?Y<7 ยŠxx7}@Y;7{>74;7 UM76>Yยƒ<7q9?ยƒ7;Exx75EC=;74567697 Y9U>7q?E;>ย@BYP79?7U><7 7;=E5ยƒ7 ยŠU78@;79@;7J9?7;=4;7{@;7;=>79;=>?7 B9E5;7 EY7 ;=4;7 {>E5C7 47 B?EV4;>7 (  "" ( !( $ %( 8=4xx>5CE5CP7 4ยƒE5C7 B>9Bx>7 {@M7 E5;97 M9@?7 VEYE957 EY7 47 =@C>7 8=4xx>5C>P7 ;ยŠY7 59;7 >4YM7 ;97 {>7 47 U454C>?7 9J7 =@U457 ?>Y9@?8>Y7 {>84@Y>7 =@U457 {>E5CY7 4?>7 59;7 >4YM7 ;97 U454C>P7 >ยŠV>7 {>>57 89BE5C7 qE;=7 ;=4;<7 q=E8=7 EY7 q=>?>7 U>7 4567 UM7 qEJ>7 89U>7 E5P7 9@7 5>>67 ;97 8=45C>7 M9@?7 Y;4;@Y7 4567 {?E5C7 >V>?M{96M7 4x95C7 Y97 ;=4;7 >V>?M95>7 ยƒ59qY7 =EY7Bx48><79;=>?qEY><7958>7;=>?>7 EY7476EY8955>8;E95<7;=>?>7q9@x67 (( & %("((((( (* )( ;ยŠY7 47 V>?M7 C9967 ;=E5C<7 >YB>8E4xxM7 YE58>7 7 q9?ยƒ7 qE;=7 %( #!&( #!( ( ( 47 q9U45<7 E;7 EY7 >4YM7 ;97 ?>x4;>7 qE;=7 ;=>7 5@?Y>Y<7 9;=>?7 q9?ยƒ>?Y7 4567 8955>8;7 qE;=7 ;=>U7 BYM8=9x9CE84xxMP +,-./0 1+234.560 .4780 9470 (# ((# ("* )( ;ยŠY7ยต@E;>747x95C7Y;9?MP7>7

"("%(#"((# !'(( !#( !%( ""( ( ( $ ( >4?xE>?P7 q>xV>7 M>4?Y7 9J7 UM7 :?Y;7 U4??E4C>7 q4Y7 =>xxEY=7 {@;7 ;=>7 >XB>?E>58>7 U46>7 U>7 U9V>7 8x9Y>?7;97 96P7 7U>;7UM7qEJ>74;747 J@58;E9574?9@567=>?>74567?EC=;7 J?9U7 ;=>7 U9U>5;7 7 Y4q7 =>?<7 7 ยƒ5>q7;=>?>7q4Y7478955>8;E95P7 7 =467 B?4M>67 ;97 967 ;=4;7 q=>57 ;=>7;EU>789U>Y<7 >7Y=9@x67CEV>7 U>747YEC57{>84@Y>7 7q4Y7;E?>679J7 69E5C7 ;?E4x7 4567 >??9?P7 7 6E65ยŠ;7 >V>57 ;=E5ยƒ7 ;=4;7 7 q4Y7 C9E5C7 ;97 C>;7 U4??E>67 4C4E57 {@;7 957 ;=>7 %( ""( ( (  '( ( "( ( !""("& ( "( ( ( ( :4;03570-.0152<-=;652> )( 7 q4Y7 6?EVE5C7 4567 7 ยƒ>B;7 C4ยพE5C7 4;7 =>?7 G8=@8ยƒx>YIP7 ;7 J>x;7 xEยƒ>7 7ยƒ5>q7=>?7J?9U7Y9U>q=>?>7 4567 VE8>ยV>?Y4P7 =>5<7 7 ;9x67 UMY>xJ7;=4;7EJ7Y=>7EY7;=>7q9U45<7 x>;7 U>7 ยƒ59qP7 >7 }@Y;7 =E;7 E;7 9ย”7 Y;?4EC=;74q4M74567xEยƒ>7;=>M7Y4M<7 "( !"(!(!" %& 95<0 3<2;=?0 :4;0 5<0 @23<0 * )7 =>57 7 :?Y;7 Y4q7 =EU<7 7 ?>84xx7 ;=4;7 7 q4Y7 957 UM7 q4M7 ;97 ยƒ>>B74574BB9E5;U>5;P7 >76?9V>7 B4Y;7 4567 ยƒ>B;7 Y;4?E5C7 4;7 U><7 4;7 :?Y;<7 7 ;=9@C=;7 =>7 q4Y7 }@Y;7 95>7 9J7;=9Y>7U>57q=9ยŠ67x>4V>7;=>E?7 qEV>Y7 4;7 =9U>7 4567 x99ยƒ7 J9?7 M9@5C7 x46E>Y7 ;97 >XBx9E;P7 7 q4Y7 ;?ME5C7 ;97 C>;7 47 84{7 ;97 q=>?>7 7 q4Y7C9E5C74567;=9@C=;7U4M{>7 7 Y=9@x67C97{48ยƒ7=9U>P ( (  %( ( !( # ( ( $ )7 >Y<7 =>7 6E67 G8=@8ยƒx>YI7 4567 ;=4;7 q4Y7 =9q7 ;=>7 q=9x>7 ;=E5C7Y;4?;>6P7 >76E65ยŠ;74Yยƒ7U>7 9@;7;=>5<7q>7}@Y;7=46747C>5>?4x7 6EY8@YYE95P7 ยง>?7 47 q=Ex><7 =>7 }@Y;7{x@?;>679@;P7ยน 7xEยƒ>7M9@74567 7q9@x67xEยƒ>7M9@7;97{>7UM7qEJ>ยŠ7 }@Y;7xEยƒ>7;=4;P7 ;7q4Y7;=>7:?Y;7;EU>7 ""(( (!#& ( # ( ( ( "( ((* )7 7 q4Y7 47 {E;7 Y@?B?EY>67 {>84@Y>7 7q4Y5ยŠ;7Y@?>7EJ7=>7q4Y7 YE58>?>7 4Y7 =>7 6E65ยŠ;7 8@;7 ;=>7 BE8;@?>7 9J7 47 U457 x99ยƒE5C7 J9?7 47 qEJ>P7 7J>x;7=>74x?>46M7=46795>74;7 & %( "( ( ( ( 165=+> ร‹7 >7 C9;7 U4??E>67 ;=>7 Y4U>7 M>4?7 ;=4;7 q>7 U>;<7 Y97 9@?7 89@?;Y=EB7 q4Y5ยŠ;7 @B7 ;97 47 M>4?P7 E58>?>xM<7 7 =467 47 84xxE5C7 4567 @B7 @5;Ex7 ;=>7 ;EU>7 UM7 :?Y;7 qEJ>7 x>ยง<7 UM7 Y98E4x7 xEJ>7 q4Y7 ยพ>?9P7 7 q4Y7 4xq4MY7 {@YM<7 Y97 7 6E65ยŠ;7 $( "(  ( %!'( !( ( "( =>?7 J?45ยƒxM7 ;=4;7 7 6E65ยŠ;7 =4V>7 ;EU>7 J9?7 Y98E4xEYE5C7 4567 x95C7 # "!& 24B0 :4;20 3<5.C0 14-.<80

      

"( ( ( (  ( =4;2<39-10D+> )7 >xx<7 7 695ยŠ;7 Y@{Y8?E{>7 ;97 x95C7 89@?;Y=EBP7 J7 M9@7 4Yยƒ7 U><7 7 ;=E5ยƒ7 q=4;ยŠY7 UEYYE5C7 EY7 ;=4;7 q>7 695ยŠ;7 {?E5C7 967 E5;97 9@?7 "!!&( !"(("("'( q>7 695ยŠ;7 B?4M7 4{9@;7 E;P7 E;=7 UM7:?Y;7U4??E4C><7;=>?>7q4Y7597 89@?;Y=EB7 4567 E;7 6E67 {48ยƒ:?>P7 =>57 7 59q7 C9;7 U4??E>6<7 7 Y;4?;>67Y>>E5C7YEC5YP7=>?>7EY7597 E56EVE6@4x7 ;=4;7 69>Y5ยŠ;7 =4V>7 47 ?@UB<7Y97 7;?E>67;97U454C>7;=4;7 YE6>79J7=>?P7 76E67;=4;7J9?7;q>xV>7 M>4?Y7 @5;Ex7 7 89@x67 597 x95C>?7 U 4 5 4 C >7 "&( '( ( !( ( 4Yยƒ>67 UMY>xJ7 ยน=9q7 x95C7 q9@x67 7 697 ;=4;ร“ยŠ7 =EY7 EY7 !       %( q=97 69>Y5ยŠ;7 !%( ! %(  ( ยƒ5>q7 q=4;7 "( "( "( 4 B 9 x 9 C E Y > P7 V>57 q=>57 Y=>7 q4Y7 q?95C<7 7 =467 "( !%( ! %( (  ( ""'( %#( #( Y4M7 ;=4;7 q>7 6E65ยŠ;7 =4V>7 # "!&( (  ( !%( ""( (((#( q=97 U>;7 47  !"$( !#!(  ( (  (  ? 4 E 5 E 5 C7 9xx>C>ร7 ;=>M7 $( ( "( ( (  !( "( C>;7 U4??M7

4ยง>?q4?6YP7 M7 @58x>7 ;=>57 Y4E67 =>7 Y;Exx7 5>>6>67 ;97 C97 ;97 "( $ !"%( ( ( "( "( 47 6>C?>>7 E57 6@84;E95P7 M7 ;=>7 ;EU>7 =>7 84U>7 {48ยƒ<7 =>7 ;9x67 ;=>7 x46M7 ;=4;7 =>7 89@x67 597 x95C>?7 895;E5@>7 4567 ;=EY7 q4Y7 47 x46M7 ""( ( (  "( ( "( J4UExMP7 >7 Y;9967 =EY7 C?9@567 4567Y4E67;=4;7Y=>7Y=9@x67C974567  $(( (#"(#("( @5EV>?YE;M7x>V>x<7>xY>7=>789@x65ยŠ;7 U4??M7 =>?P7 ยง>?7 =>7 84U>7 {48ยƒ7 J?9U7<7=>789@x65ยŠ;7C>;747}9{7 ("#!( ("("( ( 9xx>C><7 {@}4P7 E67 M9@7 ยƒ59q7 ;=4;7 =>7 84U>7 {48ยƒ7 =9U>7qE;=7459;=>?7 x46Mร“7 E567 M9@<7 =>7 =467 =>x67 69q57 "( " ( %( ( # "!(  ( $ ( :ยง>>57M>4?Y<7Y97;=>7 ยต@>Y;E957 EY7 q=>?>7 !( !( !#!( ;97 Y;4?;7 J?9Uร“7 =>7 " ( %( !"( ;=>E?7C?9@567{@;7=>7 Y4E67 E;ยŠY7 ;=EY7 x46M7  ( %( !&( 95Y>ยต@>5;xM<7 UM7 @58x>7 ?457 {48ยƒ7 ;97 {@}47 qE;=7 ;=>7 5>q7 x46M7 4567 EUB?>C54;>67 =>?7 " &( #( ( ;=>57 EU4CE5>7 ;=>7 $!""(  ( ;=>7 x46M7 x>ยง7 E57 ;=>7 &( $ %( !( ""( "%( q>?>7:C=;E5C747x9Y;7 {4ยŒx><7 59{96M7 ;9x67 =>?7 {@;7 Y=>7 ยƒ5>q7 !( ( "( $( ($(&    # !  %( Y B > 4 ยƒ E 5 C <7 # "!( !#( (  "( (

 0          0               0     

4{9V>7 4xx<7 B>9Bx>7 Y=9@x67 {?E5C7 ("("&( 30 <95<0 <40 35:0 B43<0 1+416+0  (((! * )(!((("("(""'( ;=>M7 695ยŠ;7 Y;@6M7 ;=>7 8=4?48;>?7 9J7 ;=9Y>7 ;=>M7 4?>7 6>4xE5C7 qE;=P7 9@?;Y=EB7Y=9@x67x>;7M9@7ยƒ59q7 ;=>7 B>?Y95ยŠY7 8=4?48;>?7 {@;7 ;=>?>ยŠY7 95>7 9;=>?7 ;=E5C<7 M9@7 84559;7 ?>4xxM7 6>YEC57 47 U457 9?7 q9U457 {>84@Y>7 YE;@4;E95Y7 {?E5C79@;7476Eย”>?>5;7B4?;79J7@YP7 J7M9@74?>7U>>;E5C747U457q=>57 =>ยŠY7 ยต@E;>7 89UJ9?;4{x><7 M9@7 4?>7 C9E5C7 ;97 Y>>7 47 6Eย”>?>5;7 B4?;7 9J7 =EU7{@;7q=>57M9@7C>;7U4??E>67 4567Y>V>?4x7M>4?Y769q57;=>7xE5><7 ;=E5CY7Y;4?;7;@?5E5C7?9@C=<7;=>57 M9@7 qExx7 Y>>7 47 6Eย”>?>5;7 B4?;7 9J7 &(("(!($'((%#("( =EU7q=>57=>7q4Y747B4@B>?74567 =467 59;=E5C<7 E;ยŠY7 459;=>?7 ;=E5CP7 9U>;EU>Y<7 q=>57 E;7 89U>Y7 ;97 %'( %#( !( " (  "( 9J7 =EU7 4567 E;ยŠY7 47 {E;7 6E~8@x;7 ;97 46}@Y;74Y747q9U45P7 7;=E5ยƒ7q=4;7 q>7 5>>67 ;97 697 EY7 ;97 B@;7 967 :?Y;P7 =>7 E{x>7 Y4MY7 ยน89@?;Y=EB7 4V4Ex>;=7 59;=E5CยŠP7 E;@4;E95Y7 qExx7 4xq4MY7 8=45C>7 M9@P7 J7 M9@7 U4??E>67 M9@?7 =@Y{4567 q=>57 =>7 q4Y7 V>?M7 ?E8=<7 B?4M7 ;=4;7 =>7 69>Y5ยŠ;7 {>89U>7 B99?7 9?7 EJ7 =>7 q4Y7 V>?M7 B99?7 4567 89U>Y7 E5;97 Y@66>57 q>4x;=<7 =>7 U4M7 597 x95C>?7{>7M9@?7=@Y{456P )7 J7 M9@7 4Yยƒ7 U><7 7 ;=E5ยƒ7 95>7 Y=9@x67 B@;7 967 :?Y;<7 :567 9@;7 ;=>7 qExx7 9J7 967 J9?7 M9@?7 ?>x4;E95Y=EB7 4567 U4??E4C>P7 ( %#(  %( #"( "'( ( qExx7x>467M9@P79?7U><7 7B?4M>67 (( $(( $"(""( 7q9@x67U4??M747U4;@?>67U45P7 ( !( "( %!( ""( ( "!( !( 96ยŠY7 qExx<7 7 84559;7 8=45C>7 E;P7 =>57 7 U>;7 =EU<7 7 q45;>67 ;97 ?@574q4M74567 7q4Y7q956>?E5C7 =9q7 7 q9@x67 89B>7 {>84@Y>7 =>7 q4Y759;7qE;=E57UM74C>7{?48ยƒ>;7




        

     

    

    4567 75>V>?7?>C?>ยŒ>67E;P #  #   #  #    # #  #  "  !    ! &     

                U4??E4C>7q>?>5ยŠ;7{>E5C7YE58>?>P7 &            {@;7 76E65ยŠ;7Y>>7E;7;=4;7q4MP7   #   #  #  # :4;20@23<0B522-5/+>  !          

               

      q956>?J@x7 {9M7 GY;Exx7 EYIP7 >7 EY7          

              &            

       

 9J7;=>7M4UP7=>5<74;7Y9U>7B9E5;<7         

      & '       

 &   xEJ>7 :?Y;P7 9q<7 UM7 :?Y;7 Y957 EY7   

       q956>?J@xxMP #  #   #   #  # #  #  # # #  #  #  #  #  "  ! &

         ;97 Y>>7 U4??E4C>7 E57 47 6Eย”>?>5;7 xEC=;P7 7 U@Y;7 Y4M7 ;=4;7 95>7 9J7        ยƒ>>BE5C7 U4xE8>P7 5>7 9J7 9@?7  

        &        YB9@Y>YP7Y7457E56EVE6@4x<7 7697        ' @5J9?;@54;>7 J9?7 U>P7 7 ;>567 ;97

ยƒ>>B7 ;=E5CY7 {9ยŒx>67 @B<7 {@;7 J9?7 =>?<7Y=>7EY7>X48;xM7;=>79BB9YE;>P7     & 

&    EY7 ;=4;7 EJ7 q>7 :C=;7 59q<7 ;=>7 ! &      J9?C9ยŒ>574{9@;7E;74567;=4;7=>xBY7   &    J9?8>67;97J9?C>;7M9@?7B?9{x>UYP7 5>7U4}9?789@5Y>x7 7q9@x67CEV>7     x>4?57 5>V>?7 ;97 ยƒ>>B7 U4xE8>P7  &   M>;P7 =>?>7 EY7 ;=EY7 J4{x>7 4{9@;7 47

           %$                          '   &      &  :?Y;7 C9;7 U4??E>6<7 ;=>M7 q>5;7 ;97  

    

       &           qEJ>7 J>xx7 9ย”P7 Y7 ;=>7 U457 84U>7

     &  U9@5;>67 4C4E57 4567 Y4E6<7 ยน?P7

9?Y><7 ;=4;ยŠY7 M9@?7 :?Y;7 ;EU>ยŠ7 4567 =>7 89@x65ยŠ;7 @56>?Y;456P7          &    ;=E5C74567;=>7qEJ>7J>xx79ย”74C4E5<7

                {>=4VE5C7 ;=4;7 q4MP7 =>7 qEJ>7 B4ยŒ>67;=>7=9?Y>74C4E574567Y4E67 ยน?P7 9?Y><7 ;=4;ยŠY7 M9@?7 Y>89567 ;EU>ยŠP7=>M7U9@5;>674C4E574567

   &            q9U457 J>xx7 ;=>7 ;=E?67 ;EU>P7 =>7 !       B@?Y>74567Y=9;7;=>7=9?Y>76>46P7                '  & ยน;=4;7EY7M9@?7:?Y;7;EU>ยŠP757;=>E?7

&    & %&       ('         & %    Y>89567 ;EU>PยŠ7 95Y>ยต@>5;xM<7            &  '   

    &   

     

   C?4V>M4?67 J9?7 ยณยฑ7 M>4?YP7 9<7 J9?7 %$  &                  &     UEY@56>?Y;456E5CP7 =>7 E{x>7   %   &      M9@?7q?4;=ยŠP 5>7C9967;=E5C74{9@;7UM7qEJ>7           &   &        '           &  '    U9V>74=>4674567U9V>74x95CP  ## # "  !     

  &  &   47 ;>48=>?P7 9Y;7 ;EU>Y<7 =>7 ;4ยƒ>Y7        

 U>7;=E5CYP7 7x>4?5747x9;7J?9U7=EU7 

         =>xBY7 U>7 ;97 C?9q7 YBE?E;@4xxMP7       

    

 >X=4@Y;7=>?>P # #  #    # #  # #  # ##  #  # #  #  #  #   # # "  !  '    ! 

    &      ' & 4567 7 ?>467 47 x9;P7 ;ยŠY7 9J7 x4;>7          

?>x4XP7 V>57 q=>57 '    '     &           B4?;79J7UM7ยฝ>Y=7 '  4567 {96MP7 J7         0  9~8>P      #  #  # # 

      &   "      !# G@;Y7 E5I7           9<7 7 4U7 59;7     

   =4BB>5>6P7     9?7         &               

   & ;=>7 J4UExMP7 >ยŠY7

 

  

    Y9@?8>7 9J7 }9MP7

     U4ยŒ>?7   

 97



     &     0

 597 U4ยŒ>?7 ;=>7  &         &     

   

 &  

&        '  

'       



   89U>Y7{48ยƒP

  



 # #  #      D+0 5,5=9+C0 <40 64MP7 J7 ;=>M7 4?>7  #

  &  !  

    '        

    >XB>?E>58>P7 7 =4V>7 >4?xM7>59@C=P           # 64@C=;>?YP7 M7   # #         # "

   !       845ยŠ;7>V>57C97;=>?>P7 7x9V>7;=>U7 4:8E95469<7 EJ7 7 U@Y;7 Y4M7 ;=4;<7 

         xEJ>P &        ##  # # #  ##       

   #  #  #

#     # 7 =4V>7 95xM7 95>7 xEJ>P7 964M<7 7  # # #  

"           !#   '      &        &  B9E5;<7 7 q45;7 ;97 {>7 84Y@4xP7 M7       %                 q=4;7 7B@;795P7 74xY97?>4xEY>7;=4;7 qExx7{>747698;9?ยŠP7=>79x6>?7CE?x7 '   &  EY7 :V><7 q=Ex>7 =>?7 YEY;>?7 EY7 J9@?7 q>xxP7 J7M9@789U>7E5;97UM79~8><7 M>4?Y7 9x67 4567 9@?7 xEยŒx>7 {9M7 EY7         ;q97 M>4?Y7 9x6P7 9U>;EU>Y<7 EJ7    &    

 & Y=9@x67 6?>YY7 q>xxP7 Y7 47 x46M<7 {>CE57 ;97 8?M7 G8=@8ยƒx>YIP7 =4;ยŠY7         ;=>7;?@;=P ;97ยƒ>>B7M9@?7Y>xJย>Y;>>UP7 7xEยƒ>7E;7  # #  "        !#>Y<7Y97E;ยŠY74759ยC974?>4P7 7 qE;=7 U>7 6?>YY7 q>xxP7 Y@4xxM7   &       &      '              &   &   

 &          &      ?457 4567 8?E>67 ;97 U>P7 7 J>x;7 ;=>7 456784Y@4x7q>4?Y79574;@?64MY7 B4E57 U9?>7 ;=457 ;=>7 xEยŒx>7 CE?xP7

  

;99P7 >5>?4xxM<7 7 q>4?7 q=4;7 U4ยƒ>Y7U>789UJ9?;4{x>P # # #  # # "  !     '  &     &  U@Y;7 {>7 x9467 Y=>66E5CP7 V>?M7     & #   

       

     5>q7 YยƒE5P7 57 ;=>7 Y4U>7 V>E5<7 EJ7 M9@7:567M9@?Y>xJ7E574789?B9?4;>7 &  

      5>q7B>9Bx>7E5P7 7697{>xE>V>7;=4;7

     &             &    59;=E5CP7;7>V>?M7B9E5;7E57;EU><7 x>4?57 ;97 4ย”>8;7 B>9Bx>YยŠ7 xEV>Y7 

       ;=4;7U4ยƒ>Y7M9@7q=97M9@74?>P7 7  ' UM79q57xEยŒx>7q4MP  !  & ' ' q=>?>7 >V>?7 95>7 :56Y7 95>Y>xJ<7 EUB48;7 957 9;=>?YP7 97 U4ยŒ>?7    &         59{96M7 EY7 B>?J>8;P7 5M{96M7

   &    {>7 B?>B4?>6P7 =>?>7 4?>7 ;=?>>7              ' %'& % ' 4567ยน;=45ยƒ7M9@ยŠP7 J7M9@78457@Y>7   &      YU99;=7 Y4ExP7 =>Y>7 q9?6Y7 4xY97 =>xB7E57Y@Y;4E5E5C747U4??E4C>P  !#     &      q9?6Yร7 E;ยŠY7 59;7 ?>4xxM7 47 U4ยŒ>?7      & Y4ME5C7Y9??M7;4ยƒ>Y74q4M7q?4;=P7   ' &' 4{9@;7 q=97 EY7 ?EC=;7 9?7 q?95CP7     &       



'   

   

  

      &                 ;=>7 =9U>P7 9@7 ยƒ59q<7 q>7            &  '       '  

        

&       M9@?7 =@Y{456P7 7 V>?M7 q9U457          

         & 8>4Y>Y7;97{>747U45P7




         

          

 

    



Dr. Olutunde John Olarinde

    



'= &= !&&%,= "%= #'= "*!%&= '"= !('= &#!= != '%= "),= #'&5 &= #'&= != " = (!%(,= != '%=  "'"!&= != &" ' &= = 6E~8@x;7 ;97 895;?9xP7 9CY<7 J9?7 E5Y;458><7 6!(= != != "%= ""= != '&= &= "!= "= '= "&'= " "!= &#!= &&(="="*!%&=5 '= &= &" ' &= (!"%'(!'= *= B>;7 9q5>?Y7 Y=9q>?7 4Â&#x201D;>8;E957 4567 >567 (#= !(!= '%= #'&5= != '6= != @5J9?;@54;>7 YE6>7 >Â&#x201D;>8;7 9J7 x9VE5C7 B>;Y7 &"= (= &= ''= "*!%&= *"(= = '"= )= ' = )%,'!= ''= ',= *!'6= *%,= %(!= '%= )= "= &#!5= '&6= = %!6= != = &#!= qE;=7 47 xEÂ&#x152;x>7 qExxB9q>?7 4567 6EY8EBxE5>7 "!= '= #%'= "= '%= "*!%&5= "*)%6= != "%= ""6= *= != ' #'= '= #'="*!%&='"=")%=&#!="!=!='= #'=!=="!="='=&&'=)"(%&= '"="%%'=!==#'5 =" ="='='#&="*= ,=#==#'= "*!%= "%= != !'!!= "!= '"= != >X8>YYEV>7 J9967 4567 4Â&#x152;>5;E957 8?4VE5C7 #'&5 Ă&#x153;97 59;7 J>>67 47 {>CCE5C7 69CP7 9CY<7 != &"= !'!'6= !"*= ''= *!= ;=>M7 C>;7 4Â&#x152;>5;E957 4567 J9967 4Y7 47 ?>Y@x;7 "= != '%= "*!%&= "%= &(6= ',= "(= #'&= "!= '= '"= &!= '= *"%5= ('= "!= '= "*!%= &'!= &'%"!= '"= &,= 6= '= #'= *"(= '= '%!='"=!"*=*!='"=="!'!'5= Ă&#x153; C59?>7 47 {>CCE5C7 B>;P7 >CCE5C7 EY7 457 4Â&#x152;>5;E95Â?Y>>Â&#x192;E5C7{>=4VE9?P74;=>?7;=457

       

CEV>7 E57 ;97 M9@?7 B>;Â&#x160;Y7 6>U456Y<7 EC59?>7 '= )"%= != '= '= '= '%= *= !"'= '= %&('&8= = '"= ,"(%= "6= )= E;7 4Â&#x201D;>8;E95<7 9?7 >5C4C>7 E57 6E?>8;7 >M>7 "!''5=,="!=&"6=,"(=%=!='&= !'=&''5= Ă&#x153;>V>?7 J>>x7 Y9??M7 J9?7 M9@?7 B>;P77 B>;7 "*!%= &"(= !"*= *!= '= #'= &= *=5= '="*!%&=&"(="!&('=)'&= '"=!"*="*= (=="6="%=!&'!= &"(===!=&'='"=&(=)5= )%= = &"%%,= *!= '= &#,&= = U45EB@x4;E5C7>U9;E9574§>?747J@xx7?4;E95P Ă&#x153;>7895YEY;>5;7qE;=76EY8EBxE5>P7 5745M7 !="='%!!6="!&&'!,=&='=,= '"= &(&&5= "%= ,"(%= "= '"= %!= ''= =EY7 {>CCE5C7 {>=4VE9?7 EY7 E5>Â&#x201D;>8;EV><7 E;7 =4Y7 ;97 {>7 E5>Â&#x201D;>8;EV>7 ²¹¹Ă&#x;7 9J7 ;=>7 ;EU>P7 !"!&&'!'= !"% !'= "= '= %(&= &='"=!=!"!&&'!',="!'="8= Ă&#x153;X>?8EY>7 B4;E>58>P7 7 YU4xx7 5@U{>?7 "= "&= != ")%!'5= '= "*!%&= &"(==#'!'=!"(='"=*'='%= B>;Y78=45C>7J9?7;=>7{>Â&#x152;>?P = ,"(= )= (&= '= ")= '#&= != ,"(%= #'= %(&&= '"= !6= !)%= )= (#6= (&= '= &'= '#6= = #'!'= != % != "!&&'!'= != ,"(%= %*%555= = *=)="5

Veterinary Surgeon/Clinician Tell: 08107801331 E-mail: straitgate_cpts@yahoo.co.uk

 

      



'= "%= '!= 006...= '&= !!(,= %" = %#"%'6= %"%= != "( !'= &&5=!=*'=%=!=(= '"(&!&= "= (!%#"%'6= (!%"%= != (!"( !'= ( != '&6= != '"!= '"=")%=/.= "!=! &=!=#'&; !,= "&= != '&= != !'= *"%*6= &%)!=&=%%%&="='&=&&='"=( !&6= %&= &= !6= = %)!= != ,= &"(%= ''= !&= != &%)&= = "(%= 4Â&#x152;>5;E95Y74567>Â&#x201D;9?;Y7J9?7E;Y7;9;4x7B?>V>5;E957 !=%'"!5=

"%= *"%%&" = &= '= '= ''= "= '&= :C@?><78=Ex6?>5<7q=974?>7{EÂ&#x152;>5<7=E6>7456759;7 %#"%'= '&= '"= '%= #%!'&= "(!'= "%= 10;2.4="='&6= !,=!=&=!=%5 !'! !'6= ('"!6= !"% != 4567 6?4qE5C7 4Â&#x152;>5;E957 4567 J98@Y7 9J7 4xx7 <")%! !'&6= '= "*!%&= != ")%&6=  &6= "!")%! !'= "%!-'"!&= 9  &:6= &&"'"!&6= (= '= %"&&"!&=6="%#"%'=!''&=!= = "%!-'"!&;'"='=%!='&=&&=&= 84@Y>6G74567EY7Y;Exx784@YE5C7I4567>Â&#x201D;9?;Y7J9?7 '&='"'=#%)!'"!=!=%'"!=% != )%,=)'=!= #"%'!'='""&5=!6=*'= &='&=%)!=&&=!=&"(%7 &= &= = -""!"'= &&= (&= ,= = )%(&= "= '=  ,= ")%= != "= '=!(&= ,&&)%(&=5'=&==-""!"'=&&= {>84@Y>7 9J7 ;=>7 J48;7 ;=4;7 E;7 EY7 ;?45YUEÂ&#x152;>67 9?7 &#%= %" = ! &= '"= ( !&= (&'= = !,="'%&==(%("&&6= "!"&&= GMB=9E67 J>V>?I< @U457 EUU@596>:8E>58M7 )%(&9:6= &&6="6= &&=)%6 %-6!*"% 6"%6"*#"+6!'%+ <YEÂ&#x152;489YEYGš4??9;7 J>V>?Â&#x160;I<7 9X984?E4YEY7 4567 "*=)%=5 "#(%,= "%= ""$(,= %%%= '"= &= Â&#x160;46769C76EY>4Y>Â&#x160;<7E;7EY7;?45YUEÂ&#x152;>67;=?9@C=7 '=&)=,='='="=!=!'=! 5= != %= != &6= "&'= !'"!&= %= ;?45YUEÂ&#x152;>67 ;=?9@C=7 B>;Y7 Âź69CY7 4567 84;Y7 (&= "= '= " &''"!= != "&= "!''&= *'= '&= ! &= ('= "'%= !'=  &= != ! &= = "%&6= "*&6= != "+&6= %""!&6= &(!&6= '&6= *")&= != &= %= "'%= &"(%&= "= !'"!&5= =>7 VE?@Y<7 4§>?7 C4E5E5C7 >5;?M7 E5;97 ;=>7 !'%= !%)"(&= &,&' = )= '= #%#%= !%)= '%"(= = '6= (&&= !#'&= G 5½4UU4;E957 9J7 ;=>7 {?4E57 ;EYY@>YI7 != '"= = #%"%&&)= !(%""= &&6= %'%-= ,= %&&"!= != +' !'6=&'%!=)"-'"!&6= #%= %&#"!&= '"= &"= != !)%"! !'= &!&6,#%&)'"!= 6'!6= "!)(&"!6= )%= != =  "!&'= "'%= &, #'" &5= != != ( !&6= = !"'= '%'=

#?9UB;xM74§>?747{E;>74567>XB9Y@?>74567{>J9?>7 '="!&'="='&=&!&=!=&, #'" &6='=&=  "&'=!)%,=!=(' ',='5 %)!'!= '&= !'"!= '%"(= "!&&'!'6=!!(=)!'"!&="=#'&=,=#'= "*!%&6= *= &= #%'= "= '= %$(% !'&= "= %&#"!&= #'= "*!%&#6= &=  #"%'!'= '"='"',=%'!='&=&&5=)"!= '&= %" = &'%,= "&= != '&= *= ,= = '= &"(%&= "= !'"!= &= &"= !"'%6= )%,= #% "(!'= '"%= != )!= '&5= &=%!&=(#=!='=&&(="=!"%!= 455@4x7 B>;YÂ&#x160;7 V488E54;E95Y7 G>4?xE>?7 6EY8@YY>67 != = #%)"(&= %':= !!= '%"(= 89UB@xY9?M7B>;YÂ&#x160;7E6>5;E:84;E9574567;4CCE5C<7 !&!6= %"= ##!= != %&'%'"!= ,='=")%! !'&=&='=*&="!=!=,%&= B4Y;7qE;=7B>;YÂ&#x160;7{>J9?>7;=>79Ex7{99U745674Y7E;7 &=#%&!',=!="!=*'= "'"%=)&= !&!=!=%&'%'"!&5= &=*=&"=!&(%="%!-'"!6=#%"#%= %"%= #!= != "( !''"!&= ,= )!= = '&= "= #'&= != #'= "*!%&6= *= *= = = )(= %&"(%= != &''&'&= "%= !'"!= )"# !'5= &8= '= &= #"&&5= '= *= &"= #= != !',!= (!)!'= #'&6= *= %= = %&= '"= '= Y98E>;M<74567C>Â&#x152;E5C7;=>U74567Y;?4M769CY74567 84;Y79Â&#x201D;7;=>7Y;?>>;YP !='=!6=&='="='&='"='='(= %'"!="=*"%=%&=,="!=#' %= /3= != != )*= "= '= '= ''= ('"!6= !'! !'6= !"% '"!= != "(&= "!= '=&&=)=!=&'&=!="(!= '"= = )%'= != =  #"%'!'= '""&= '"= (!%&'!=!='='&=,=&"(%6= '= &= #%'!!'= '"= !(!,= != &!%,= 4BB?>8E4;>7 4567 89UU>567 ;=>7 >Â&#x201D;9?;Y7 4567 " ' !'&="=)%"(&= "!")%! !'= "%!-'"!&6= &&"'"!&= != = "%!-'"!&= != "'%&= !)")= != '&= :C=;P = "&'=  #"%'!',6= '&= #%'(%= ( 6 *&*'= *&##%&=  '= != '&= #'"% 6= *= &= #% (&= !'%= B4?>Y7G:?Y;74U95C7>Âľ@4xYI7J9?7;=>7>Â&#x201D;9?;Y74567 " ' !'&=!='&='5=='='=& = ' =(&!='&= ( ='"=(%=!=##= '"= "'%= %!-'"!&6= ")%! !'&6= "%#"%'= !''&= 9 "&'= &#,6= "= '" (!'"!&= #%")%&= )= &!!= &"%'= &&= &%)= 9 ::6= != "'%= #%!'= != '%"!= = '"= '= = (= %" ='&=!=#='&= (&= &= '= *"%= %= '"= %'= *%!&&= '"= #%)!'= !== '"',= %'= '&= -""!"'= &&5= '= &= &"= % != '"=  #"%= #'= "*!%&= != ")%&= '"= '= '= &&(= "= )!'!= != ?>Â?V488E54;E5C7;=>E?7B>;YÂ&#x160;7qE;=7;=>7@Â&#x152;>?U9Y;7  #"%'!= '= &%)&= != '"= )!'= &= !='=*!=(='"=(%='&= !5


          








          

  

   

     

>xx97ยƒE6Y<7E;7EY7459;=>?7;EU>7;97YB>567qE;=7M9@P7 9B>7M9@7:567;=>7Y;9?M79J7;=>7B?E58>YY 47 C9967 ?>46P7 xx7 ;=>7 ?>C@x4?Y7 4?>7 =>?>7 J9?7 M9@?7 ?>46E5C7 Bx>4Y@?><7 E58x@6E5C7 {E?;=64M C?>>;E5CY7 ;97 {9;= $"%%E $""E     '(%H'"!E I7 q=97 8>x>{?4;>6 ;=>E?7:?Y;74567J9@?;=7{E?;=64MY<7?>YB>8;EV>xMP7=>>?YรŒ

         



       



xEV>67 47 =456Y9U> E5C74567=EY7{>4@;EJ@x7 @>>5P7 =>M7 x9V>67 >48=79;=>?7Y97U@8=7{@;7;=>M7=46 597 8=Ex6?>57 J9?7 ;=>7 >EC=;7 M>4?Y7 ;=>M7 =4V>7 {>>57 U4??E>6P7 =>7 E5C7 q4Y7 V>?M7 x9VE5C7 4567 q4Y 4xq4MY7 89UJ9?;E5C7 4567 ;>xxE5C 

 

      

       

 q9@x67=4V>7457=>E?7;97;=>7;=?95>P =4;7 64M7 Y9957 84U>P7 >J9?> ;=>E?75E5;=7M>4?79J7U4??E4C><7;=> @>>57 6EY89V>?>67 ;=4;7 Y=>7 q4Y  

  

  ;=>7 E5C7 q4Y7 V>?M7 =4BBM7 456 =>7 ;=?>q7 47 B4?;M7 ;97 8>x>{?4;>7 E; {@;7 6E67 59;7 ;>xx7 45M95>7 q=M7 => q4Y7 =4VE5C7 ;=>7 B4?;MP7 >7 6E6 59;7 q45;7 {467 B>9Bx>7 ;97 Y;4?;7 Bx455E5C7>VEx7J9?7;=>7ยต@>>5P7 5>7 64M<7 47 q4?7 {?9ยƒ>7 9@;7 E57



      

        

 

 



 ;=4;7 =>?7 =@Y{4567 =467 6E>6<7 Y=> q>5;7E5;97B?>U4;@?>7x4{9@?74567 =46747{4{M7CE?x7q=E8=7q4Y7;4ยƒ>57 E5;97 =E6E5C7 {M7 ;=>7 UE6qEV>Y {>84@Y>7 ;=>7 q4?7 q4Y7 Y;Exx7 C9E5C    

    q=>;=>?7 ;=>7 B?>U4;@?>7 {4{M q9@x67Y@?VEV>P =>7 {4{M7 Y@?VEV>67 4567 q4Y ;4ยƒ>57 84?>7 9J7 {M7 ;=>7 UE6qEV>Y ;Exx7Y=>7C?>q7@B7E5;9747{>4@;EJ@x< C?48>J@x7M9@5C7x46M<7{@;7Y=>76E67 59;7ยƒ59q7;=4;7Y=>7q4Y747B?E58>YYP 5>7 64M<7 ;=>?>7 q4Y7 47 895;>Y;7 9?C45EY>67 {M7 ;=>7 ยƒE5C69U< q=>?>7Y=>7q4Y7{9?574567q4Y7;=>7 ?E58>YY79J<784xxE5C79574xx7M9@5C x46E>Y7 q=97 q>?>7 {>4@;EJ@x7 456 q>xx7 U455>?>67 ;97 89U> Y=9q84Y>7 ;=>E?7 ;4x>5;YP =>57 Y=>7 =>4?67 4{9@;7 ;=>7 895;>Y;<7 Y=>7 6>8E6>6 ;97 B4?;E8EB4;>7 4567 ;=>7 UE6qEV>Y7 =>xB>67 =>?7 ;9 {?@Y=7 @B7 =>?7 U455>?Y          

   

  

895;>Y;P    

89UB>;E;E957 q4Y7 ;9@C=<7 ;=>7 ?E58>YY7 q95P7 =>57 Y=>7 q4Y7 4{9@;7 ;97 {> 8?9q5>67 {M7 ;=>7 @>>5<7 q=97 =467 ?@x>67 YE58>7 ;=>7 6>4;=7 9J7 ;=>7 E5C<7 

 

  

?>Y>U{x458>7 ;97 =>?7 x4;>7 =@Y{456P7 =>7 Y;9BB>6       q=97 =467 {?9@C=;7 =>?7 ;9 ;=>7895;>Y;74567q=>57;=>7 ;q97 UE6qEV>Y7 Y;>BB>6

J9?q4?6<7 ;=>7 @>>57 ?>89C5EY>6 

    

 =>?7 q=>57 Y=>7 q45;>67 ;97 CEV>7 {E?;=74567=467x>ยง7qE;=7;=>78=Ex67   

 =>7 UE6qEV>Y7 U46>7 ;=> @>>57478@?;YM74567;9x67=>?7;=4; ;=>7 8=Ex67 ;=>M7 x>ยง7 qE;=7 48;@4xxM7 Y@?VEV>67 4567 ;=4;7 Y=>7 q4Y7 ;=>          

895;>Y;P =>7 @>>57 q4Y7 V>?M7 =4BBM 4567 B@xx>67 ;=>7 ?E58>YY7 8x9Y>7 J9?7 47 =@CP7 ?9U7 ;=4;7 64M<7 ;=> ?E58>YY7 q4Y7 q>x89U>67 {48ยƒ 

   



 q4Y7}9MJ@x7;=4;7Y=>759q7=467{48ยƒ7 95>79J7;=9Y>7Y=>7x9Y;76@?E5C7;=>    

   















      EยŒx>78=Ex6?>5<75>V>?7CEV> 4E57;97;=E5CY7;=4;7J>>x74567xEV>ร‹ >;7;=>7C>5;x>7?9{E5789U> 9?7;=>78?@U{Y7M9@7Y4V>74;7=9U><รž           >V>?7=@?;7;=>7;EUE67=4?> >>BE5C7J?9U7=>?7C?>>57C?4YY7x4E?< >;7=>?789U>74567YB9?;74567Bx4M 57;=>7x4q574;78x9Y>79J764Mร =>7xEยŒx>7x4?ยƒ7C9>Y7Y94?E5C7=EC= 97;=>7{?EC=;7qE569qY79J7;=>7YยƒM< E5CE5C74Y7EJ7ยน;q>?>74xq4MY7YB?E5C< 567ยฝ@ยŒ>?E5C7957457@5;E?>67qE5C<รž =รŒ7x>;7=EU7YE5C7=EY7=4BBM7Y95C< 9?7697;=>Y>7C>5;x>78?>4;@?>Y7q?95CP

. L G G L H V ยท % L U W K G D \ V    

     

              "

 

E E   E E   E

  E E E 

E

   E E   

 E E    

#'E"E($&E&#E'"&HE !E&$#'JEMNONNOQVVWXIEE (E! E$%%E%J           

 

       

   

 "




 Sunday Newswatch, September 15, 2013

                



!




        

 

             "+!'( ." 1%' "+ ,! &*$ .*+* ' ,!*&'/& $'*1 .& $"$"&"+,*"+/",!",+ !)-*,*+ "&  '+ "%($ & '/&,'*,! "+!'(1%'!+'%,'* *+'&' ,!%* "& &$"& 2%&' '3.'$."& '-, '" *"",!'.**&!++,,*$$'.* ,!/'*$"&$-"& "&'*,'.'&","& '% & .*"'-+ +,,+ "& " *" ,! !-*!3+ %( *'-&$',,$ '+-&,,!+,-*& "&,'23'+'*,+'*/'*+!"(*+/!'+#"."& "&,*.&,"'&&,!"+!,/",!  "+!'( 1%' +!* !"+ 0(*"&+ +  %& ' ' !"+ (!"$'+'(!1 & '("&"'& '& .*"'-+ '&,%('**1"++-+ 0*(,+



# #  # #   # # 9  9 &"#9 )9 (!",9 , "29 9 *&9 "%!9 !9 "8 *",39 (!9''9!9-1.09('9!9!!9 "9 *%39'( "&9 "9")%! !'9 "9 &(!9''29 ,9#%!'&9*%9'9(&8 !&&9 #"#9 9 6"&" "79 !9 '"&9 ,&29 99 ,9#% %,9!9&"!%,98

('"!9 '9 *%9 !9"('9 %&#8 '),9 "%9 #%"!9 '"9 '9 ""9 "9 %39(%39 !"9''29 9&"9ยŒ9!9

""%9!''"!39 !9'"9$(,9&9!9 %('(%9 (#%!'!!'39 !9 8  9*""*"9!)%&',9'"9%9%(8 '(%9"!" &9*'9&#&'"!9!9'9 9!!9&#'29 #  ##  ## !# 

9!9'9&"!%,9&""39 9*&9 '),9 !)")9 !9 )%8 "(&9 %&'!9 ')'&9 !9%"(#&39(#9'"9'9(!8 )%&',9 )9 ('9 9 !)%9 )9 '9 9 '"('9 ''9 9 *"(9 &%)9 !9 &9 )!8 ,%29 !9'39 9*&9*,&9 )!9)&"!&9!9%)8 '"!&9 ''9 "&',9 " 9 '"9 #&&9 '!29 ยง9%9 )!9 '9 (!)%&',39 9  9 '"9 "&9"!9'9!)''"!9"9 ,9%"'%9'"9&'%'998 %,9(&!&&9!9 9*&9"8  !9)%,9 9!49'9&'9"!8  &%!9 '9 "!" ,9 "9 '9"(!'%,9'!29 ' "*)%39 !9 "!9 '9 !39 '9 !9 &'%'9  "  !9 %#',39 ''9 "9 !&9 29 9 !"%9  "&'9"9'&9&9(&9 9*&9!"'9!9"('9&%)8 !9"9'939('9'9&9  #'9 " !29 '9 9 #"!'39  '9 ' 6#%&&(%79  9 (!8 %9 ''9 9 !7'9 )9  9  "9 '!9 '"9 9 8 "%!,2  # 

# #  #

 ##

,9 *%9 !,39 ('9 '%9 *&9 9 #%'(%9 "!39 ' *%9 "9 %)9 &9 * /8#"!'9 !9 "%9 29 9 /8 &#'9 "('9 '9 ! 9 "9 '9 &# (%9)),396"%,9)!8  9 !&'%&79*%ยŒ 9!9!9  %!9 %&&9 !9 "'%9 8 % '&29 9 *&9 '%%99 ,9 '&9 ' %)'"!9 !9 9 '9 "39 %

    

&9 %,9 ##9 "('9 9 #!9 "%9 '9 !&'%,9''9 9 9"!,9('9&9!&'%( !'9 !9'(&!9' 299 #### ## 9 '9*&9'"(9!9!!39('9"9 *&9 !9 "!'%"29 "!&'9 39 '9 %'&'9 !9*99*&9''9"9)&"!39#"8 #39 "!,9!9'9*"%9"9"2 "(9 *%9 %!',9 "%!9 &"#39 *,9 9 '9 '9 &"9 "!39 "!&%!9 '9 '9''9,"(9)9'9('"%',9'"9"9''5 39 ,9 #"&"#,9 "9 9 &9 ''9 ,"(9 "!7'9"%9'!&9'%9"!9,"(%&9"%9"!9 #"#49%'%39,"(9%!9'29!99&"#9 *&9!)%9 ,9#%"%',9(&9 9)9'9 &9 !"'9 '9 ''9 ''9 ยŒ9%&39 ('9 ,"(%9  8 #'9"!9'9#"#9,"(9%9#%&!9")%29 "39 9*&9!"'9!9"('9'9'939 9 !39 9 !7'9 ,%!9 "%9 '29 '9  9 '9 '9 ' 9 "7&9##"!'9' 2 ##  ##  ## # '9 9 "%%'9 ,"(9 '%39 9 *&9 "!8 )!9 !"'9 #%&(29 %&',39 '%9 *&9 '&9 %"(#9 9 !&*,9 "*&#9 !'%!'"!39 ',9 !"% ,9 9 (&9 "9 "(%9 (%9 "%9 '%9 ')'&9 *9 ,9 #&'"%&9!9 9"ยง9!9#%'#'9!29(%!9 "!9"9'%9&%)&39"!9"9' 9'"9 9 ''9999)&"!9''99&"#9&"(9 9'9(%9!9(%9 9'"9"!&%9 '29 9'!9 9!9'""9'9&(,29 &"39(%!99)&'9'"9%9'9"%9 "&#9 (%39 '9 %&"#9 ,"9 99 &""9 ,9 !9 !9 &39 6""9 ยง9%!""!39 &"#9 '279 9 %#9 6'!9 ,"(9 &%39 ('9 9  9 !"'9 9 &"#729 9 &39 6!9 9 &"#9 &9 !"'9 ,9 "(%9 !9 "%9 &"!9 ('9 ''9 "9 "39 !9 ''9 9 '9 !,9#"!'9!9' 9"9&,&99&9%,9'"9 9 9 9 &"#39 9 &"(9 !"'9 %'9 '29 ยง9%99"!9' 39"9)9 99%)8 '"!9 *%9 9 *&9 9 !9 #(%9 *'9 %8 !'9 *9 ,9 *9 *&9 &"9 9 !9 !9 "ย”98*'9% !'29 9*&9")%* 29 9 9 ,9#&'"%&39'"9' 9'9%)'"!9 !9%$(&'9' 9'"9#%,9")%9'9!9'9 9 !"*9 '%9 !&'29 ,9 '%9  9

9'"9'9 9''9!39"9&9&,!9 '9&99' 9 9 99&"#29%&"!8 ,39 9 &"9 &"('9 "7&9 "(!&9 "('9 '9 !99'"9 99&9%,9"%!9 9 9 &"#9 9 )%,9 "!9 ' 9 "39 ''9 9 *&9'9"!9,!9'29 # ## ## # # ##  # ## %&',39 '9 &9 9 #%&"!9 '!29 9  9 #%8 &"!,9 "##"&9 '"9 '9 !9 &#%'(,39 9 "!7'9 '!9 '9 &9 %'29 "9 (ยŒ9%&&9 *'9 9  9 &,!39 9 !&&'9 ''9 ,9 6"&'( 79 *"(9 9 )%,9 & #9 !9 %%!9 #%8 &"!,9(%!9 ,9"%!'"!9&99&"#29 9!&&'9'%9*99!"9%!&9"%9!,9"% 9 "9 *%&39 9 *!'9 &9 %9 &9 !!9 ,9'"%9'"9"9'9&*!39#%&"!,9%8 %!9 9 '9 %$(%9 '%&9 !9 "%9'9",9" (!"!39#('9' 9!9 ,9 %"" 39#%,9")%9' 9!9'""9' 9'"9 '9(%9"!9'9,9"9"%!'"!2 ###  &&9 ,9#"9"%9%!&9!9*8 %&39 9 *&9 &"9 !9 %(9 !"'9 '"9 9 6!''79 '%"(9 '9 "%!'"!9 ('9 '"9 9)!2 ##   ##  ###

 #  # 39'9&9!"'99''29&9'9%9"9 '9 (%39 9 )9 9 "*9 '9 9 #"!'9 "9 (',9 '"9 &'9 '9 &'!%9 "%9 "'%9  8 %&9 "9 '9 (%29 9 !7'9 9 #%!9 !&'9 &" '!9 !9 ',9 &'9 &9 9  %!9'29"399',9"!7'9&9 9(&!9 *'9 9 9#%!9!&'39',9*"(9 "&'9,9'"9'9& 9!29 9"!7'9"%9 '9 "!9 ' 9 ('9 9 "!,9 #9 '9 %&9 "!9 '9'9"%9' 9'"9&9*,9',9&"(9 )"9 9 '&9 %'99 '!&9 !9 "'%9 &"!9&&"%&2 # # # #  #  #  " ## # '9 &9 '"',9 *%"!29 '9 &9 (%%29 '9 &9 !&('%29 9 !39*,9!9!9'9 ,"(9!"*9(9*9'9ยง9%9ย”9'9"9&(29 '9&9*,9*9)9*,&9)"'9'"8 '9&+(9&'!!2




        

        ;; *;$&!! #%$; $!#% 3;  %; ' #2; ;;$*$4;8%; ; $; ;% %#3;%; ; ;!&%;$&#2;!#: % ; $; !#$$; (; %#; $; %#%; % ; ; #; (; %;!#%$;;% ; ';# ;% ;#;%; ;%; #% $!;;:&!; %#;ย”;#$2; ; %; %#; 3; %; ; # ($; %; ' #; &$; %*; '; ;  ; % %#; *;  ; ;%;$; *;;%%;; $!#%;%3;(3;&: %%*; &;;%# &; %2           *; #; $$; ; %; ; %7; ; ; $*$; % $; (; #$; $%; % $; ; $ $; $%; %#$2; *; ( &; * &; ; ; %; ; ; #:  6; ; %; %;   ; #; $$&3; %; $; ': $2; &%#;  : %; $ &$; ; %; ; ; ;%; ; 8 *; (#39; $; ##2;       #$%*3;(;$ &;#;%;$!#%; ; # %# 3; % #; ; &#$%: 3; ; &#; # %#9$; !#2; %%*3; (;; *3;&%;!#*;%%; ;$ &;: %#'; #;%;%$;% ;%2;  

#$ *3; ; ;  %; &%; &%;  #; ! %$; ; &; % ; *; &; %; ;  9$;$#'3;;9%2; (: '#3;;;$ ;;#%*; ' '2; ; ;  &#; ! !;;';#;( #%*; ;$&;! $% $2;  #%&%*3; (;  9%; '; 8#$%$9; ;  '#: ;&$;;(; 3; &#;  &%#*; ( 9%; ; (#; %; $; % *2; %; $; (*; $ ; ! !; ;  '#%; #;  (;$;&#$;% ;!*; %)$2;;%*;#;%#&;#$: %$3; %*; (;  (; (%; %;;$*$; &%;%);; &#$2; %; $; (*; (; (;  %&; % ; ' %;  #; %#&; #$%$; ;  ': #; $ ; %%; %#;  #; ; $!#%&; &!#%$$; ( &; #;%; ; %#; ! : $2            %; $; ;  %'; 5; $%#%; # ; %; $ %*; %$3; %; !#%$; ; %; # &$; #$2; ; 3; (; ; '; &#; ย”;#%; ! #% $; &%; "&%; & #%&: %*3;%;# &$;#$; $ &; %; ; ##; &; ; %; ; &$; %*; #; %; &$% $; ; &#;  #;;# &$;'&$2; %#;%; ;%$3; &#;#:  &$; #$;  (; $; $ ($3; #%#; %; $&: $%2; *;  (; !#; ! $%#%*3; %;$'% 2        7; %; ; $%#%; %$; (*3; ;  %; ##; ; ,10.; &%; $%;#;;;#;%; ; -++/2; *; $$$%%; ; ; (#; $ ; ' '; ; %; %; %; %%; ; #;2;;; %;% ;%;

##;;ยง;#;%;: %3; &%;  ; %; 3;  ; % ; ; ; ; ; !#; &$; ; (%; ; ;  ;  #; 3; ;  $%;$!*3;(#;; $; %; ; % 2; ; #&$3; &%; ; $$%2;  3; ; #: ##; ; % #; -+,+2; ;$;$ ;;!$% #3;%: #3; !#*#; (## #3; %: #::$#3; ; "&*; ;;(%;%; *;!#%2; &*;  &3; $; ($;  %;';;#; ; &#; &#;(;;%;#2      %;($;;#%;%2; ; %&*; ;  #;  &$;;%;&#3; ; ; !#*;  #; #2; &$%; %#;*$;ยง;#3;;$(;#; ; ; '$ ; '%; ; % ;  ;;%;%2;;( ; &!;;%;#2;;: ; '#*; $!%;  &%; #5;%;$;($; ; % $; ( ;  ; % ; %$%;  9$;! (#2; ; #; )%; !! %: %3; ;  # %; #; (%; ; ##; ; "&$: % $3;;';%#%; % ; $; #; ; #&$; % ; !#*;  #; #2; ; % ; #; ;9%;(%;% ;';*: %;% ; ;(%;#;2;  ;$*;$;($;$!$$; ($; ; &#$%%%2; ;%;$ ;&%;;##$$2; ยง;#; ; (3;  ; % ; ; ; ; '$ ; %%3;8%%;$;%;( ;;'; $; #; * &92; ;  $&%; *; #3; #%'$; ;*;!$% #$;% ;$ ;$;%#; $%; ;%*;;';;%; :;% ;#: #*;#2

  *0   8  8  



    0 * 8     * *              * 

2()1  )'%0)!-      .-(.+$

*)0]^+_!-]1 ".]-#%1"!#* `)2(-%`+..* }/' }/' 

)/-.`.-  }/' .22%12)'%0)!- .++^`..$12!01 }/'1  

  ]"+)1(%$"^

)&)' )&$$%& '  

       

    .00%1/.-$%-21

'*#  *# &# 

#  (.2..]0-!+)121

&!(    #)"   %!$0!/()#1

 

(^0!-* $.(.{1%|`)&% `.-{2'%2,!00)%$ -.` }/' 

# (*# 

11)12!-2%!$0!/()#1

!   

0!/()# 02)12

&!&#"  




         

 

  

 

 

      

#($&! !$&)##""$&'-$!' (('#$#%!.#('($&,$(%&'#( "$&,# $'#&(!& ) $&#%$!(#+$%('(#(+(( $' ((%$!(,''&*'% & $'(( $)' $''"!,$&$"##($&&%&'#(# ( $' '( #($&! '(&( $& (+$ (&"' &$& ($ (' *!$%"#(' # )# #$+# ($ "$'( &#' ( "! $($&()&#%$!(# ' ##(*%$!(#'#( &+( "%&''*%$!(!(*('#&')" #('( +(     ( ' "$'( $$ $' $""$&'%$ $)('"!%&$''$# %$!(!%!$'$%,'(,!'+!!'('##( &$!'%!,,'""("!,#'%$!(! $)&#,$#




        

 

      



$ $  $  $ $  $  $  $ $  !$  :›  #&)""!› !#&› '› "› #&"&-› &"› #&"› 5/› -&'› #:› ,( -› #"› &)&-› 05:› 0852:› (#› (› ! -› #› (› (› › 9› › !#&› "› #"''› !#&› #› )› › "› )› '(› # › #*&"!"(› #› )"› ((9› › › !-› $&!&-› )(#"› (› (› $('(› -› ## :› )¤ › "› #!$ (›(›(›(›$('(›-›## :› )› › "› 08549› › +"(› (#› )› › &!!&›## ›"›0855›#&›!-››"› ¤ * '›"› §››"›08­19› ›$&#›(#› "*&'(-›#› :›"#+›!›+# #+#› "*&'(-› "› 08­3:› &)("› "› 0870› +(› &'› "›  #&› #› ":›  (› "':›  #&› #› ":› $ )'›)&&-9› › › !-› #)'!"'$› (› (› ((› #'$( ;› #)(› "› 0870¤71:› ("› !›(#› #'›#&›!-›#)(›&*›"› 08729› › '(&(› !-› #+"› #)(›(:› >  '›

 › "(&?› "› ))› "› 087­9›  › (&:› › › (› $&* › #› "› "*(› (#› #*&'› (› ! › '&*'› #› )&-› &›  › '#:› › +'› "› )&-› "› › +'›  '#› (› ! › #~ ››&› "› &› (+"› 0877› "› 08819› › #)&':› *&› '"› › *› "› "› $&*(› ! › $&(› '› › "& › $&((#"&:› › *› "› $&(› #›$# ('›"›$# ("›'›&››'› !-›! ›'## ›-'›)'›+ › › +'›(›(›"*&'(-›#› :› ›#"('(› "› +#"›  (#"› '› (› ›"" › '&(&-›#›(›'()"(›)"#"›(+"› 08­5›"›08­­9   $  $  $ ‡$ $ 

$ $  $ $ "$  $  $ $ $

 $    $ $   $ $   $ $   $  $ $    !$  :› $$#&(#""› (!› "› !""›!-' ›"›!-›(!›'›!)› '› › #) › (#› "')&› ((› !-› !› $)&')(››"#(›')”›&9› ›*›"›$&(› #› *&#)'› $# ( › $&('› '› '()(#"› ((9› "› 088/:› › +'› › (#" ›  (› #› (› (#" › $) "› #"*"(#":› 9› ›+'› (&››!!&› #›  › +&› › '&*› '› &(&-› #› #'›'(›"(#& ›'(&(9›"› "& ›) ' !›)&›!› (››#›((:› ›#"›(› "› #&› !#&-9› (› +'› #"› (› $ (#&!› #›  "› #&› !#&-› ((› › +#"›  (#"› &#!› #'#› #"'(()"-› 0:› "(#›(› #'›((›#)'›#›''! -› "› 08889› )'%)"( -:› › +'›  (› $&› #› (› #'› ((› #)'› #› ''! -9› "› 1//2:› › +'› $&* › (#› *›"› (›"(#›(›"(›#›(› & › $) › #› &› )"&› (› $# ( › $ (#&!› #› (›  "› #&› !#&-9› "› 1//­:› › +'› &¤ (› )"&›(›$ (#&!›#›(#"›#"&''9› -›1/00:› ››#!$ (›(+#›(&!'›"› (›"(:›&$&'"("› #'›'(:›'#› ((›'›"›!-›$# ( ›(&(#&-9›› $  $ $  $  $   $ ‡$ $

 $$  $!$$  $$ $$$ $$ $$$ $ $$ #  !  :› '#› !"-› ("'› $$":› (?'› )'(› '-› ((› (› !› ,$"(› #&› !9› '#!› ((› ((› › '#) › '($› ':› ("› #"'"› #› (› &)!'("'›#›((›'()(#"9 $$ $ $ $ 

$ $  $$  $ 

$  !

›(# ›-#)›& &›#"›((› ›'(&(›!-› #+"›! ›$&(›"›))›"›(#› (›  #&-› #› #;› (?'› '( › &)"""› ( › "#+9› *"› "›  › (› -&'› #› '"› &#!›(›$&(:› ››#(#&'›&)"""› (› $ 9› › › #)&':› ?*›  +-'› "› #"'#)'› #› (› (› ((› (?'› !-›  ¤ › $#'(#":› ((?'› +-:› §›&› *"› (› '"(› "› 1/00:› › +"(› › (#› $&(:› "#(› (* -› '› #&› )(› & (-›&!"'›((:›*"›'››) ›(!› $# (":› !"› '( › &!"'› !-› ›&'(› #*;›'#› ›'( ›*›!-›$&'#" ›"› !#(#" ›'"(!"(›"›Œ›!"(›(#› (›$&(9 $$$_$  $$ !  :› (› !-› "#(› › #"› (*› '':› !-› "› *'#&-› &# › )'› #"› › #(#&:› -#)› &›  +-'› › #(#&9› › #)&':›-#)&›# ›$("('›+ ›'( ›+"(› -#):› *"› +"› (› '› #" -› #"› *'#&-› $(-:›'#›((›'›'( ›(&9 # ( -:› *› +› '"› (› '(› #› -#);››"#(›"› #'›((:›$&$'›)"› ((< $  $$$$$ ! )'›-#)›&›&#!›)"›((=  :› ?!› &#!› )"› ((› -› &(:› )(› #"?(› #&(› ((›  › !-› -&'› "› $# ('› '#› &› *› "› "› #'9› › #)&':› ›!›"#(›"-"›!-›&##(:› ›!› *&-›$&#)›#›!-›#&"9› ›+'›#&"›"› )"›((:›)(› ?!›#" -›'-"›((›!-› $# ( › (*('›  › ('› -&'› *› "›"› #'›'#› ›*›"#(›#"'&› #"› "(#› )"› ((› $# (':› "#(› -(:› )(› "› ''":› ?!› '-"› ((› !-› $# ( -›(*('›&›'( ›"› #'9  $ $  $ $ $  !  :› (#› (› ,("(› ((› ›  *› "› '&*:› ›'›$# ('›'›"›#$$#&()"(-› (#› '&*9› (?'› '( › "› #$"› ("9›  › › "#+› '› ((› › '› › &(&› )()&:› › &!› #› › &(&› $# ( › )()&;› "› +(› $(-:› › #"?(› "#+9› #› !-› $&-&›*&--›'›#&›#›(#›$&'&*› !-› ›"›&"(›!›##› (9›"› ('› (+#› &› (&:› *&-›#(&›("›+ ›› 9› #:› › ""#(› ( › -#)›$&' -›((›('›'› +(› ?!›!"›(:›'"› #› '› (› )(#&› #›  › ##› ("'9› › *› (› (:› ›*›››&!› › "› #"*(#"› ((› (› #?'› $$#"(› (!:› ›+ ›#›((›+›› '›$)&$#'›#&›!-› 9 $$$ $ ! )!"'!:› #› +(› ##› -#)› "› #› (#› $#$ › &#)"› -#):› +(&› "› (› #!!)"(-› #&› (› '((:› (›#)"(&-›#&›(›"(&› )!"(-:› )'(› #› (:› !"› )!"› "'› (› "(&› #› +(*&› ##› -#)› +"(› (#› #:› #›##›(#› ›!""&›#› !"9 (› !$(› › -#)› !› "› (› #'› ((› #)'› #›''! -› "› (›"(›+ ›(&< (› (› '((› * :› › ››)(-›(#› $›'( '›#*&"":› '› (› › #› ' (*› &!9›  (:› (#›  $› $&() & -› (&#)› (› +'› ((› +› !› )"&› !-› &'$›



"› #"?(› #&(› ((› +› +&› )'(› #!"› #)(› #› (› ! (&-› &› ("› "› +› › '#› !)› (#› #› )'› (&› +'"?(› !)› #"› &#)"› #&› )'› (#› ) › )$#"9› #:› +› › (#› '(&(› *&-("› ›"#*)9› › "› (#› $)(› "&'(&)()&:›  (':› "› (› '(”›:› &&-› *&-("›-#)›"›("› #:› +(› "#› ,$&"› (#›  › › #"9› #'(› #› )'› +&› "+9› ?*› "#(› #Œ›"››$&#$&›,$#')&› (#› ' ()&;› +› › (#› ')$$#&(› #)&› #+"› #*&"!"(9› › › (#› +#&› +(› (› ,)(*› "› (› )&-;› +› ›(#›$)(›"›$ › +'› ((› + › ""› ##› #*&""›"› ›('› +› (&› (#› (› '(› #› #)&›  ('› )"&›!-› &'$9›(›(›"›#›(› -:›+››#)&›##›-&'›#›!#'(› $&#&!"›"›(&›'›"#›+-› ›+ ›

% !4/   / "   " "     4'    '"  4

 4   "   

*

&&#(› +(*&› ')''› (#› !-' :› (› #) ›#" -›*›"››# (*›”›#&(› #› ›(›#(&›28›!!&'›#›(›("› #'›((›#)'›#›''! -9› ›+'›)'(›$&* ›(#››(›'$&;› #)&› !#'(› *!"('› &› (&› #"› &#&'9› › ›  "':› -':› '#!›#›+› ›*› (9›"› (":› !#*"› &#!› (› '((› #)'› #› ''! -› (#› (› '"(› ":› (› !#'(› #"(&)(#"› ((› › +'›  › (#› !› '› "(#&:› &$&'"("› #'› '(:›#›#)&'››-#)› ##›(›(›&#!›(› *&#)'› &# '› #› (› & › ' (#&':› '(&("›&#!›&$&'"((#":›(&›+'› "#›(!›(&›'›"›'')›”›("› #'› #&›'')›#›"(#" ›!$#&("›((›!-› *#›+'›"#(›&9› ›"')&›((›!-› &$&'"((*› )('› +&› &&› #)(› (#›(›'(›#›!-›"#+ 9›#›!"-› !#(#"'› +&› &'› -› !› ((› &› #› !$#&("›(#› #'›((›"›#›#)&':› #›"(#" ›!$#&("9› #)›+ ›& ›#&›,!$ :›((›+"› ( '› #*› "› #'› +'› #!:› "#(› !""›(›(&(›&#!›(#'›"›(:› ›!›#)(›#  -›(#›"›(9›#)›& › (› '.)&› #› (› # › #*&"!"(›     




        

 

    

  

    

 

&$4*4%4 $ 4$%#% .44 #$44 % 4 4%44 #444%4 %-4$4 #4%4 *4$ 4$+4% 44 #$,4  #4 $ -4 ยง4#4 %4 &!#4  &#%4 4 #4 %4 4  #4 %4 #4  '#%4 % 4 '4 (%4 %4 &$4  4 % 4 %4  &$4 4  $,4  &4 (4 $ 4 #4 %%4 (4  '# #4 4 4%4 * 4 %%4($4 # '444& $%%&% 4#-4 4 ($4 %4 4 ( 4 #$4 %4  % 4  4%4% ,4$4#4$ 4 4%4)!$4 4#!#$%% 4%%44 4 % 4  4 4 %4 $%,4 4 %4 #4 4 (4-4%#4#4$ 4*4$4%%4 4%#4$! $ #4 #4 3$! $ #4(%4 $ 4 %#4 &$,4 #4 (#4 $ 4 *4 )&%'4 $4 $%44%%44*4!&%-4% 4$&#4%%4 %4 ($4 4 &4 ,44 !#%&#4 4 %%4 #*4  $4 % 4 4 ($4 %44!#$%4*4%4%4 $ 4 $%#% -4 !&#! #%*4 % 4  #%$4  &#4 4 %4  &%#*-4 &%4 (44$ 44$44 4%,4 &4#4%%4%#% -4(44&$%4 4  &#4 & -4 %4 ,4 %4 ($4 %4 !#$%% 4 4%%444 $"&%4 !$$4% 4(4%%4# &%4 &%4%4

-4 &%4 %#4 (#4 $ 4 $4 4 %4 #4 4 !#$%-4 &%4  #4 %44 4$ 4 4&$4%4%4$%4 ( 4 4 % 4 $&#4 %%4 #%4 &$$4 (#4 %#4 % %*4 $%#$4 # 4 %4 #4 4 #4 $&#4 %%4 #%4 &$$4 (#4 4 % 4 #4%4 4 &44444$-4%4# #$4 #4%#,4 4($4$ 4%4 4( 4$! $ #4%4 4 4%4 %# 4 4%  -44 $%4 4 %%4 ยŒ4!%4 % 4 %4 #4 4 %4 $-4 &%&#4 4 '#%$4 4 %  -4 4 4 '#*%4  &%4 %  4 (4 & #%&%*-4 ($4  %4 $4% 4(,4-44($4 4 4% $4 ( 4 $! $ #4 %4 4 %%4 ยŒ4!%4 % 4 '4 %4 44  4 % 4 %4 #% 4 4 (4  4  '#%$4 4  $4 %%,4  &4 (4 #4 %%4 %$4  4  '#%$4 (#4 #%4 &#4 *4 $!#$!4$ -4%4%4$%-44% &%4 %%4($44 !! #%&%*4% 4$&#4%%4 %4 (*4 #%4  4  '#%$4 (#4 ยŒ44 % 4 %4  $%%&% -4 &%4 -4  #4 ! %4 #$ $-4 %4 4  &2%4 4#,4 4 %4 #4 4 '#$%-4 4  &4  %4  4 %%4  -4 &%4 %# &4 %4 '# &$4  ยŒ4$4 4 %4 $%4 %%4 4  4 % ,44($44% 4##*4 &%4*4 '#$%4

&% $4 4 4 %4 #$,4  &4 (4 ! !!   !!!  ! #4 %%4 (4 4 %4 $%-4 4 ($4 !  ! ! !! %4 #4 4 %4  ยŒ44  #4 -4 $%*4 $4 &$%4 4 * &#$-4 4 %$-4  4 4  &%4 4  (4 (%4 $&%$4 * &,4 %4 $4 * &#4 &4 & %% $-4 4 %4 #$4 4 #$$4ยŒ4%&,4 %*4$4%4!%4 4 %4 4 $% #*4 % *-4 %%4 &#4 *4 * &#4!#$ %*4 4! !-4%4% %%*4 #$!4 4%4 ยŒ44%%4%4 4%$4$4(%444$%*,4'4%4(*4 4#$%4 4 *4  4 4 %$4  #4 $%4 * &4 !!# 4 $$&$-4  (4 * &4 !#$%4 ($4 !# &,4 4  &#$-4 %4 %#4 $$&$-4 $!*4 %4  #4 $ยŒ4$4 #$-4 %$4 # $-4  4#% 4  4 4  4 (*4 4 44 * &#4 $%*,4 4 !! %%$.4 (%#4 $%#-4 % &%4 4  $%-4 2'4 #4 $$ #4 #4#$!4 4 #-4 ! !4 $*4 %*4 !!#%4 %4 (*4 *4 ' 4 ($4 '#4  &4 (%4 4!#$%4*4$$&$-4$!*4(424 4(#4 4%4% 44 $%#&%'*4 #%-4 44(%4 44% 4 ,4 4%44 #4 4%4$%-4%%4$4-4%%4 -44%44 2%4(%4%4% 4!!#44 $4*4$%*,4  !! !  !!! 24  (4 *4 (4 %#&!%-4 &%4 24 !! !! ! $*4 %%-4 (%4 4 &4 &$,,,4* &4$*4$ -4 $$4 4  $%*-4 %4 # #$4 4 *4 $  &#4 %4$4!#%4 4*4$%*, 4 %4 %4 $4 %#4 ! ! !  !  #4 4 % 4 $,4 *4 ยŒ44 !

! !  !  %#&% $4 #4 4  

%4# #$-4$ 424!!*4 0 $14-4$4%4 (%4*$,   '#*4 *4 %%4 %4 !$$4  ! !   !  4% 4'4%4% 4-4%2$4  ! !  !      %4 $ %4 %%4 * &4  ! !   ! (4 '#%,  !! !     # !! 

4  &#$-4 %4 *4 4 !4 #4 $4 $%$4 $4 *4 $&!! #%4  0 $,4 *4 *4 $4 !#%4 4 *4 $%*-4 %%2$4    (*4 4 $4 $%*4 $4 4 (*$4 4 !#%4 4 .4 %2$4 4 4  $*4 %4 % %%*4 4 * &-4 %4 (*4  0   *,44(4#%4# 4 * &4 4* &#4%$-4* &#4 %44%%44 &4      #$,4 -4 4 * &4  %4ย”4 #4% 4 4*4 $*4 *4  &$%4 4 *4&$4%4*4  0  *4 $!4 4 $4 #$4 *4 $%# $%4 4 !4 $-4 *$4 %*4 #4 $&!! #%,4 4 %$4    4 !#%4 4 *4 $%&#4  4 (# 4 &%4 %#-4 * &4    %&.4*4$%*, &$%4 '4 4 !4 4 $ -44!4 4  #%4  !  ! ! ! !       4 %%4 $4 4 %4 *4  ! ! ! ! ! $ -4*4*4$4(*$4  ! 

 $% 4 *4 -4 %*4 $% 4

4 *$/4 %4 $4 %4 *4 4 %# & &%4 *4 % %%*4 4 ,4 4 $4 4 *#$4 4!&4$#'-4$ 4  %4 &$4 %2$4 4 (*4 4 24 !# &4 4 *4 *-4 #%4 *44%$4!#%4 *4 (4 4 4  &#$-4 4*4$%*, *4#,




        

  

 

'&(""#%$#!"#

%I &##0.&&>I +)I )I +&)*>I +)I )I $&- I *+)*>I %I +%I +)I )I +I *' #I .I .&I %I E&'%FI I I#$IHHI*,')*+)*I.&*I %-&#-$%+I %II$&)I $'&)+%+I+%I+I )+&)>I +I *) '+>I &)I %0I &+)I *'+I &I +I ')&,+ &%=I *I ))I  %*I )I *&I '&.),#I +I +I &/I &~ III ++I *+, &*I . ##I'0I+$I+%*I&I$ ## &%*I&I&##)*I I ' +,)=I &%%0I ''>I &)I /$'#>I !,*+I * %I I &%+)+I +&I $"I I IยงII E )+*I&I+I) %FII ">I%I+)I *I *',#+ &%I %I +I ')**I ++I I &,#I )%I*I$,I*I<;7I$ ## &%I+&I)') *I *I )&#I *I '+=I "I '))&.=I +D*I &,+I ;I')%+I&I+I$&)I+%I<3I ## &%I+I #*+IE )+*FI$&- I)&**I.&)#. =I &>I . I +&)*DI &%+ %,I '&',#) +0I *I%I)*'&%* #I&)I+I$&*+I ## &%*I &I &##)*I %I + "+I *#*@I %I &))I +&I $"I +I # *+>I %I +&)I %I +&I *+)I %I $,#+ '#I  -)*I  +*>I %&+I !,*+I I * %#I '&.),#I )% *=I &)I /$'#>I % #I # ย”II%I$$I+*&%>I.&I*+))I %I ##I  +I %*+#$%+*I &I +I /+)$#0I *,**,#I ))0I &ยŒI)I *) *>I )I &+I $&%I +I +&'I 42I +&)*I *I &%I +I )&**I+ "+I*#*I&I+ )II#$*=I&.-)>I +0D-I &%#0I '')I %I I-I &+)I ,%/'+ &%#I $&- *I +.%I +$=I+I + *I'& %+>I+0I&,#I*+ ##II&%* )I &%H)% *I .&%)*=I 0I &%+)*+>I %)#0I ##I +I +&)*I .&I $I + *I # *+I -I *+))I %I *-)#I  H)&** %I )% **=

      

$ ## &%I %I ,))%+I &##)*=I +)I I#$*I *+)) %I*+.&&I++I-I)%I$&)I +%I<372I$ ## &%I %#,IE )+0I))0>FI EI %&))FI %>I $&)I )%+#0>I E)%I &) %&=FI *+.&&I #*&I *I %I I *,**,#I  )+&)>I . %% %I I *+I  )+&)I *)I &)I E%&) -%FI %I E ## &%I&##)I0>FI&+I&I. I#*&I .&%I $0I .)*I &)I *+I &+ &%I  +,)I&I+I)=I,+II*I0+I+&I. %I %I*)I&)I *I+ %=



 



! ! #!""I<6=7I ## &% %!!""I<;7=:I$ ## &% "I69  !""IEI)"I % +F # "!"I3 &)%I )$%I .*I I)*+I %&$ %+I &)I %I *)I &)I  *I *,''&)+ %I )&#I %I +I 3;:9I I#$I E+)+I $)+=FI -)I +I &,)*I &I  *I ))>I )$%I *I %I %I$0I.)I %&$ %I I-I + $*>I . %% %I&%>I %I4227>I&)I *I*,''&)+ %I )&#I %I E ## &%I &##)I 0=FI )$%I *I#*&I*+))I %II%,$)I&I$!&)I&/I &~ III +*>I %#, %I+IE+$%FI+) #&0I  )+I 0I ) *+&')I &#%I HHI &%I &I +I$&*+I*,**,#I)% **I&I##I+ $I HHI %I +I &$0I E),I #$ +0=FI )$%I $0I I *+H"%&.%I &)I  *I -& >I%I*I*)-I*III)*+HI&)I+ )H ')*&%I %))+&)I %I I %,$)I &I $&- *>I %#, %IEI.*%"I$'+ &%FI %IE )I&I+I%, %*=F

I !%# #!""<6=5I ## &% %!!""<;;=9I$ ## &% "I65  !""IE)*F # "!"I2 ยงI)I*+)+ %I *I))I&%I+II*&.I E#&$I ">I &ยŒI)>FI &%I )-&#+D*I I#$I))I+&&"I&ย”II %I+I#+I3;92*I. +I *+)) %I)&#*I %IE+,)0I +I-)>FI . I )%I  $I %I *)I %&$ %+ &%I &)I*+I+&)>I%IE)*=FI!,*+I&)I %I+ &%>I +*I )$ %I +I +.&I  *+I )&** %I I#$*I &I )-&#+D*I ))=I  %I +%>I)-&#+I*I*+))I %I#&",*+)*I   %I *-)#I  ย”I)%+I %)*>I %#, %I &$ *I *,I *I E &&"I &D*I #" %FI !' %I $&)H- &#%+I I#$*I *,I *I ,#+I I#$I #!""I<6=7I ## &% E,#'I + &%FI%IEGย”I=F %!!""I<344=;I$ ## &% ,+I%&+I##II#$*I)-&#+I*I*+))I %I "I59 -I %I *,**,#=I %I 4222>I )-&#+D*I  !""IE,%)##F EยŒI#I#I )+FI .*I )#*I +&I # "!"I3 ,% -)*##0I %+ -I )- .*>I  %D+I %I&%%)0I *I&%I&I* /I+&)*I.&I $"I "I +*I ')&,+ &%I ,+>I %I .*I%$I0I+I11 *I*I+IE&)*+I -I '#0I +I )&#I &I %I #$ %D*I

$*I &%=I +.%I 3;85I %I 3;:5>I &- I&I+IFI %I4232= &%%)0I '#0I +I *)+I %+I %I *-%I I#$*=I !,*+I &)I I %I+ &%>I +.&I &I +*I $&- *I HHI E&#I%)FI %I 3;86I %IE,%)##FI %I3;87IHHII)%I $&)I+%I<722I$ ## &%=I&%%)0I#*&I*I *+))I %I I %,$)I &I *,**,#I + &%I $&- *>I %#, %I EI %+&,#*>FI &)I. II)%I *I&%#0I*)>IEI &"FI%IEI,%+I&)II+&)=FI &%%)0I *I ,))%+#0I )+ )I *I %I +&)=I         *I #*+I I#$>I )#*I %I 4225>I .*I EI

,I &I /+)&) %)0I %+#$%>FI #"#& *I&%I+I&$ I&&"I0I#%I &&)= #!""I<6=5I ## &% %!!""I<;5=5I$ ## &% $"#  #!""I<6=8I ## &% "I68 %!!""I<339=7I$ ## &%   !"" I E-)0I  I "I5; 0I,+I &&*F  !""IEI),+F # "!"I2 # "!"I4 # %+I*+.&&I*I%II.##H"%&.%I #+&,I ,*+ %I &ย”I$%I *I +&)I &)I +I '*+I 67I 0)*?I  *I I)*+I I#$I HHI EI  *+,#I &I &##)*FI HHI .*I )#*I '')I %I %)#0I 62I $&- *>I  *I %I )#0I 3;89=I  *I  *+I )&** %I I#$>I I)*+>I 3;89D*I EI ),+>FI )$ %*I +I3;9:I#&",*+)IE-)0I I0I  *I  *+I )&** %I I#$I A!,*+I &)I ,+I &&*>FI )&,+I %I $&)I +%I <4:5I %I+ &%B=I &)I  *I ')&)$%I %I +I

     

     

$&- >I &ย”I$%I ) -I +I I)*+I &I  *I *-%I *)I %&$ %+ &%*=I I .%+I &%I +&I . %I  *I I)*+I $0I .)I &)I  *I # %I ')&)$%I %I +I 3;9;I )$I E )$)I -*=I )$)FI %I  *I *&%I *)I &)I  *I )&#I %I E %I %>FI %I . I I *+))I #&%* I &$I ), *=I %I##>I&%H+ )I&I&ย”I$%D*II#$*I-I )&**I +I #*+I <322I $ ## &%>I )% %I )&$I '&# + #I )$I E##I +I )* %+D*I %FI+&I+I&$0IE&&+* =F

+ %I ))I +&&"I &ย”II +I I 3;I ยงI)I I !& %IE+,)0I +I ->FI*I&$I &%I &I +I $&*+I *,**,#I &$ %*I &I  *I %)+ &%=I I *I %I %I 33I I#$*I ++I)&**I$&)I+%I<422I$ ## &%II %I %I+ &%H!,*+I &##)*>I )% %I )&$IE ,#%FI+&IEI,ยŒI0I)&**&)=FI  *I+.&I *+I)&** %II#$*>IE)"I4FI %I E-)#0I  ##*I &'>FI )&**I $&)I +%I I #H ## &%I &##)*I =I *' +I  *I *,**>I ,)'0I *I %-)I .&%I %I $0I .)>I #+&,I I .&%I I &#%I #&I %I 4228I &)I  *I )&#I %I E)$ )#*=F %I +I I 'I * >I ,)'0I E.&%FI I 11 I %I 4232I &)I .&)*+I +&)I &I +I >I I &%&)I *+&.I ,'&%I  $I &)I  *I # %I )&#*I I %I *,I ,*+*I *I EI -%+,)*I&I#,+&I*FI%IE&) +=F

  

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

     

" #!""I<6=:I ## &% %!!""I<32:=6I$ ## &% "I66  !""IE )*=I&,+I)F # "!"I3 ยง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



!!" ! #!""?I<9=6I ## &% %!!""<43:=5I$ ## &% "I56  !""E+)I)*F # "!"I2 )) *&%I &)I *I *+I "%&.%I *I %I &#&I)&$I+I&)  %#IE+)I)*FI+) #&0>I . I )&**I %)#0I <4=;I  ## &%I ยงI)I !,*+ %I &)I + "+I ') I %I+ &%>I %I *I +I -%+,)&,*I )&#& *+I &I +I E % %I &%*FI)% *>I. I)&**I $&)I +%I <3=:I  ## &%=I 0&%I +&*>I &)I *+))I %I %,$)&,*I #&",*+)I + &%II#$*I%I+) ##)*>I %#, %I3;:7D*I E +%**>FI&)I. II) -I *I&%#0I *)I%&$ %+ &%>I3;;5D*IEI, + ->FI %I 3;;9D*I E )I &)I %=FI &##&. %I  *%0D*I (, * + &%I &I ,*I#$I %I +&)I 4234I %I +I %%&,%$%+I ++I %.I I#$*I .&,#I I $I &)I +I )% *>I ),$&)*I -I  ),#+I ++I &)I$0II&'%I+&I)') * %I *I)&#I*I %I&#&I %I,+,)IE+)I)*FI$&- *=  " #!""<8=4I ## &% %!!""I<377=6I$ ## &% "I62  !""IE&))*+I,$'F # "!"I4  %I  *I I#$I ))I %I %I 3;:6>I $&- *I *+)) %I %"*I -I )&**>I &%I -)>I $&)I +%I <377I $ ## &%I ' I %I %I+ &%H!,*+I + "+I *#*I HHI %I $%0I -I )&**I * % I%+#0I  )=I %"*DI *+I)&** %II#$I.*IE&))*+I ,$'>FI . +I %I !,*+I +&+#I &I $&)I +%I<833I$ ## &%=I+)I%"*II#$*I++I )&**I $&)I +%I <522I $ ## &%I %#,I E- %I ) -+I 0%>FI E*+I .0FI %I##I+)IE&0I+&)0FI$&- *=I%"*I *I %I %&$ %+I &)I I-I $0I .)*I %I *I .&%I +.&I *+I +&)I *)*?I &)I E ##' FI %I 3;;6>I %I &)IE&))*+I,$'FI %I3;;7=

     




   

              

  





& & & & & & & & Œ&& &&  & & && & && & & && & &&”&&& !&  &!&$ &&  & &&& &”& && &  $&  !& && &&

&# & && &  &   & & &&& && & && &!& && && $&  &&& & &&   &&& %&&  & && &  &&& &&&  & & & 

&   #& &!& && & &&&”&&& &  !&   & &&  & &

    



&&  &&  && & & && &   & & & & &&!& & &&&&&    &  !& & &   & 

& && && &&

  & &   &&  &&&  & "&& &&  &&  & "& &&& &&  &  "& &&&&  !&  !&&&  %  &  

  



&&  & &&

&&&& !& &  &  & & &&&  & & && &

&&

&& & && && !&& &  &

!&&

& !& & & !& &&&  &  &   &&  &  & &&  &   &!&& &&

&& &&&&  !&&&& &&&&& && && &&   &




        

   

     



%-! - -!-- -%!-!!-"-ยง--#- -  ---#- - - !!!-/--- --- - - !##--%!- * "-#)- -%!-- -%!-----%!+- --!----- - --%!!-"-#)- -!%--! - - - - -&-  -#-- -%!!-)-!--&- -- !-!%- -- &-!-#- --!- !-+ --%-!-

/

! - -"- #-- -!ยŒ-!--- !-- --!!-&"-"-"-!ยŒ--ยŒ--!ยŒ-!--- #,!ยŒ-- -!ยŒ-- - !--- ,!ยŒ-- -----%!-- -- !- --! -!- -ยŒ--!ยŒ-- !--- -! -#- -"- %--%!-%!

- -+- -!--!!ยŒ-!-- - %+ -- %---%!-%-- !- %!-- - -#-%!-!+ --!-# -!ยŒ--%!+- %- -$  -%!---  - !--%------ --%!- ---%!- -#!




        

 

Hottest Nigerian Hollywood stars!



 

 # #  ####### #  ### # ## #  # # # ##

# # # #### "# ##   #  !## # # ## ####,## #  # 



!"+F!'+(&F -1<F/!(+F-%%F '&F"+F!"/,%-F&"F #"((*F/+F(*'F"'F ('('F ,(F (F)*', F(F" *"'F (*" "';F"+F+&((,!F+,1%F(F,"' F !+F*'F!"&F *,F*(%+F"'F,!F &(."F"'-+,*1;F"+F+,1%F(F,E "' F!+F'(,F('%1F*'F!"&F ((F *(%+F"'F,!F*","+!F'F(%%1/((F &(."+<F",F!+F%+(F'*F!"&F ,(F"*,(*+<F/!(F)"$F!"&F+FF*+,F !("F/!'F"( *)!1FF"$+F*F ('*';FFF"+F-'* -%1F,!F &(+,F+-++-%F" *"'F(%%1E & /((F,(*;F(&F(F!"+F,-*F / &(."+F*=F&"+,<F45F1*+FF & +%.<F"*,1F*Â&#x152;F1F!"' +<F%,<F 'F&<F '+"F '<F(-*F *(,!*+<F "'F&+;

  

T

his Nigerian-Igbo actor, has earned minor roles on some blockbuster Hollywood movies. His movies include, Hotel Rwanda, Blood Diamond, District 9, Lord of War

   





!"+F*","+!F,*++F"+F%+(F (F" *"'F(*" "'<F'F(F (*-F0,*,"(';F!F/+F (*'F"'F ('('F'F!+F,-*F "'F+(&F&"'(*F&(."F*(%+F+FE %(/=F2*<F ''"*1<FF F F*"+<FF F FF +*"+

     



' F$"'' F/+F(*'F ('F&*F45<F4:89F"'F +!"' ,('<F;;F,(F" E *"'F)*',+F'F */F-)F"'F"%.*F )*"' <F *1%';FF" *"'F &*"'F,(*<F+,F$'(/'F(*F!"+F *(%F+F!*"+F*,%(/F('F,!FF (*" "'%F+*"+F!F"*<F$"'E ' F/+F"'F'F(-,F(F,*(-%F+F F1(-,!;FF"+F,!F+('F(%+,F (F+"0F!"%*'<F('F(%*F+"+,*F 'F(-*F1(-' *F*(,!*+;FF"+F ,!FF*+,F"'F!"+F&"%1F,(FF(*'F "'F,!F;;FFÂ&#x152;F'F(%('%F ($F;F  *-*F" !F!((%F "'F($."%%<F *1%';F$"'' F Â&#x152;F'F-$'%%F'".*+",1F('FF /*+,%"' F+!(%*+!")<F&#(*"' F"'F (%","%F"'F'F' %"+!;FF "+F,!F(-+"'F(FF*))*F%;F (&F(F!"+FF%&F*(%+F"'%-F & <F%-F%((<F!F"*F &(' F(,!*+;

     



!"+F!'+(&F" *"'E*","+!F -<F/+F(*'F1F(*-F )*',+F'F */F-)F"'F +%"' E ,('<F ('(';F/%F$"''-(1E  #F!(%+FF +,*F *F'F !+F'F%F,(F+-++-%%1F"'-+F (*-F%' - F"',(F!"+F!*,*+F "'F(%%1/((F&(."+EF(-*'F 'E ,",1;F"+F&-+-%*F'F(*&"%F (1F!+F*'F!"&F"+,"',F*(%+F"'F ,!F&(."F/(*%;FF!+F,-*F"'F )*+," "(-+F%($-+,*F&(."+F%"$=F (-*'F ',",1<F!F -&&1FE ,-*'+<F!F  "(''"*<F,F"!F(*F "F*1"'<BF'+,())%<F F (=F!F "+F(F,!F(*<F!F F+*"+<F !F FF +*"+<F,F*"!F(*F"F,*1"';

   

-",!FC -"DF!$('"<F(*'F *!F64<F4:95F"'F(*,('<F 'E !+,*<F' %'<F"+F'F' %"+!F ,*++<F&(%<F'F,%."+"('F)*E +',*F/!(F"+F+F"'F(%%1/((;F ."(-+%1F(FF" *"'F!*", <F

-"<F/!(F!+F,/(F+"+,*+F'F *(,!*+<F-**',%1F%".+F"'F (+F'E %+F/!*F+!F!+F))*F('F F,%."+"('F+!(/+F+-!F+F <F %%F(F+F'F& +;F!F/+F ,!F!(+,F(F(0F*%",1F+!(/<F!'F (&'F-%F,!F(*%F?5339@<F %,!(- !F,!F+!(/F/+F'.*F *(+,F"'F&*";F!F)%1F *"'F"'F,!F!F/"%" !,F =F *$"' F/'F*,F5<F*F%F5<F +,'*+;

   



!"+F*","+!F,*"'F,(*F/+F(*'F"'F  (+<-,F/+F+F"'F(-,!F*"F (*F+(&F,"&;FFF"+F-**',%1F&$"' F/.+F"'F,!F&*"'F',*,"'E &',F"'-+,*1;F(*'F"'F" *"F('F,(*F4<F4:75F'F,*"'F"'F,!F '",F "' (&F,F,!F!" !%1F* *F*"+,(%F%F">F!F/+F"'.",F,(F#("'F ,!F(1%F!$+)*F(&)'1F+(('F§F*F *-,"(';FF!+F,-*F"'F (.*F77F&(."+F'F!+F))*',%1<F*".F+(&F"&)*++".F*(%+F"'F(%E %1/((F&(."+<F+(&F(F/!"!F*F!F"*,F(F,!F*"'B+=F,F(*%B+F '<F(,%F/'<FE 'F*" "'+=F(%.*"'<F!F(-*,!F "';




        

 

Hottest Nigerian Hollywood stars!   



 )6+* +#6#ยž6 )66( *5 )6*())6&6 &6&(  %16&(6 (&# %6 "ยฃ 26(&- %6+'6 &%6*6)*(*)6&6 &%&%6)6$6 (6&%6&6*6)*# )6( * )6 *()))6&6 &6&(  %16(&# %6 #)&6&+%6(6-ยž6 %*&6'(&$ %%*6 &##ยž-&&6$&, )6%66)( )6 ยง6(6(6(&#6 %6&%16&$6&6(6 $&, 6*+()6(6(&%26&%6 #+.26(" %6%6%*( %266  66)( )266 66)( )1

   



6 )66ยž&+%6+'&$ %6 ( * )6*&(6&6 ( %26 &(+26'(%*16ยง6(6 *+( %6 %6*6'&'+#(6&##ยž5 -&&66)( )26 (# %26 )66 $66%&*#6&%6%6 )6 %$6)&*6 %6*6*#& )6&(6 )6 '(&# 66(&#6 %*('(** &%16+%6 )6 *6&#&+(6(*(6 %6 (# %26 -&6#*(6$6( %6+*+(4)6 %5#-6%6"% *166)6*+(6 %66%+$(6&6)( )6%6)&$6 6#$)26- 6 %#+6")'(4)6 #&26&$&6%6 +# *266 (5 # %66( )266 -6%6((26  66)( )16

    



ยž#&-&6-)6&(%6 %6.&(26 .&() (26%#%26*&6  ( %6'(%*)26%6 )66 &*6( ) %6)*(6 %6&##ยž-&&26- *6 *+(6(&#)6 %6)+6$&, )6)6 )6 &6*6#%*6&6*6')266#'26 '(6&ยž26%6$&)*6(%*#ยž26*65 # $6$( %6 &' 26 %&#%26)6 %6( %5$( %6,#(ยž$%1

 



6 )6%&*(6( * )6*())6 - *6$ .6'(%*26+*6 &6 ( %6'*(% *ยž26&6 **16&' 6)6*+(6 %6$%ยž6 &##ยž-&&6$&, )16&' 6(&)6 *&6&$6&%6&6*6)&+*6ยง6(6 *()))6 %6%#%26%6&#)6 *6'()*  &+)6* *#6&626!+)*6 # "6 #6(-&(26"6(%"6 '%(16 *6*+()6 %6),(#6 &##ยž-&&6$&, )26&' 6-&+#6 6$&)*6($$(6&(6(6(&#)6 %6&%6#+.26&*#6-%26#.6  (36'(* &%6*&($6("(26 6%*+(26 (*ยž6(ยŒ6ยž6 %)26 (* %6 #1

      



&"6#%* %6+ ) 6 -&+#66) #ยž6)'&ยŒ66&(6  )6(&#6 %6 * %6$'5 ** &%)26-(66*6#&%) 6 ยž&%6 %&-#)16 )6%5 )&$6 &6+6)6*6 %66-6 $&, 66 ")16&*6$+6 %&($5 * &%6 )6, ##6&%6 )6"(&+%6 %6'(%*164)6"%&-%6*&66 &6 ( %6&(  %6%6)6*+(6 %6$&, )6**6 %#+666*5 %6$'** &%)26&%(*6(&-%26 %&( ,%6 %)26&$& )16

       



 )6 ( %5$( %6 *())26&6 % 6&(  %6 )6-##5 +*6%6)66 )*(6 (6*&6(6( *166)65 *+(6 %6&##ยž-&&6$&, )6)+6 )366 ##6&()26&&"()6 %6 ,&#*26(&))66#&& 6%26 )*#))6 *ยž266 66 66)( )1



%6+'&$ %6 ( %6*&(6 &6&(+6&(  %266)6 *+(6 %6!+)*66$&, 26 %6 )6'()%*#ยž6 %,&#,6&%6*6 )&&* %6&6%&*(16 )6*+(6 $&, )6 %#+6( %6&6() 36 6%)6&6 $266 66 )( )1



6 )6%&*(6 ( %5 ( * )6*&(6&6 &6&(  %26 -&6 )6%&-66)*5( ) %6 *&(166)6*+(6 %6'(&$ 5 %%*6&##ยž-&&6#&"+)*()16 )6  )* %*6 &6 %*&%* &%6'(&,6 +)+#6 %6)&$6&6 )6$&, )6# "6 &%%26*6(( %6%66 )6&%6 &6*6-##6' 6*&()166)65 *+(6 %6$&, )26 %#+ %6&%%6 *6(( %266(ยž26&"6%6 &##26%%ยž6 '6*+(%)266

)*6  &%1

    




         

 



          

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ยŒH %H&%,*H &,+H+H-& H H.*H) %;H H+&,+H +H.*HH*' ) +;H +)H &%<H H.%+H+&H$+H&%H'*+&)H.&H+&#H$H++=HD&,H)HH $ % *+)H&H&EH%H H)'# H++H H-H)H +H&);H &$&0H#+)H- *H++H H*&,#H',+H##H$0H*&,%H+)"*H %+&H%H#,$;H H%+  '+H%H*'H)&,+H)&$H##H+&*H '&'#H.&H.)H*0 %H H$HH$ % *+)H&H&;H +)<H H -*H &H )"*H )$%<H %H ,*&)&<H*"H$H+&H )#*H%H#,$<HH')&$ *H+&H+"H$H+&H+H*+, &H%H *H.+H H&,#H&ย”H);HH *H)&$H.<H. #H H$H)&$H &;HH *H!,*+H# "HH)&+)H+&H$;HH-H$H392<222H %H++H.*H&.H$0H))H&+H" "G*+)+; 

0H,*%H *H)&$H & H++;HH *H%H )H$%;H )) H *HH&&H+ %>H$0H,*%H%H H)H*+ ##H) %*H + ##H+;HH&*H%&+H-H) %*H%H% +)H&H ;HH)H #&-)*H*H.##H*HH$)) H&,'#;HH *HH.&%),#H$%H %H+H #)%H)H')&,H&H $;H0H#.0*H&H+&H $H %0+ $H+0H.%+H+&H"%&.H*&$+ %H. H H&%H+H"%&.; 

0H$)"+)H)#*HH# H')&)$%<H$1 %H)<H .)H +0H&'#H-H$H%H.)H*HH*+H&*'#H  %)H&)H+H);H&&%HยงH)H+ *<H*&$H'&'#H*+)+H ) +  * %H$<H*0 %H++H+H.0H H)**H %H++H- &H.*H %'')&') +;H0H-%H* H H.&,#H&H+&H##H,*H H %&.H''#0H$"G,';H%H,%%0H%&,<H H-H%H',ยŒH %H &%H)) %*H* %H H$H&,+H. +H&)H HH&$$&%;H H -H%H&$'%0 %H$0H,*%H&%H&,+ %*H',ยŒH %H&%H +)&,*)*<H/'+H,)H')&)$$*H%<H+&H+H*+H&H$0H "%&.#<HH&*H%&+H*H%0+ %HH %H+H.0H H)**;H +)<HH&$'# %*H.%-)H H',+H&%H%+ -HยŒH )*H# "H )&H%H,;HH'))*H +H.%H H.)H.*+)%H#&+*;H H. ##H-%H&$H"H&$H%H+##H$H.+-)HH *.H# *H',+H&%H&,+* H++HH. ##H# "H$H+&H.);H&<H *&,#H H%&.H'#*H&+)*H+H+H/'%*H&H$0H,*%?H+H #*+<H H*&,#H)**H+&H*+ *0H $H&)H%0H&+)H')*&%;H &)&-)<H H%C+HH& %H&,+H* #0H)**H,*H H$H * % %H&*'#H$,* E  0HH)*+H#,$H.*H %H3::6<H,+H H)#*H$0H,+H&*'#H #,$H %H3::8;H+H.*H+H'&',#)H! H.,)&;H H#*&H H+H *&,%H+)"H %H+HH#$H+ +#=HB "&"&H,,C<H0H+H#+H#H )&$ ); 

*<H H-H(,##0H+H %H&,+H72H$&- *<H %#, %H ,%$ #0&<H #&$&<H ",H*&#,%H"<H0H#H)&$ );H H'#0H+H)&#H&H #&$&H %H')+*H3<H4H%H5;H,+H,*H '&'#H H%&+H"%&.H$H+%<H+0H. ##H%&+H-%H)$$);H H .*H&0 %H0&$ <H%&+H&'H0&$ ;H&<H&0 %H0&$ H %%&+HH# %"H. +H&'H# ;    H&%H+H-H%0H')+ ,#)H&%H++H H%H##H$0H*+;H-%H +&,H$%0H'&'#H' "H%# H <H*H$0H*+<H,+H+&H$<H ##H$0H#,$*H)H&&;



ยง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

+ H.,".,H@) %H  AH%H&%"H  .H&H'#*H H)H'*+H H. %%)*H .&H-H%H#)+H+H+H ) %H )&*+)*H +;

  !!  



)H0)*HยงH)H)H*')+ &%H)&$H )HB&H%+*H&HHH ## &% )H &*+H,0<H@)%"H&&A<H +) %H %H*H&'%H,'H&%H.0H *H *H%&+H)0H+&H)$))0H%&.; H +) %H)%+#0H %&)$H++H *, +&)*H)H&$ %H)H.0H+&,<H)H ยŒH%+ &%H*H* ยงHH+&H&.H+&H$"H $&%0<H%H*H*,H*H%&H+ $H&)H*,H +H+H$&$%+<H*H*H.&,#H%&+HH#H +&H -H+H)#+ &%* 'H+H)(, )H ยŒH%+ &%; H )H)<HD H$H+" %HH)"<H H-H 0&,%H #)%;HยงH)H0&,H-H%H %HH)#+ &%* 'H&)H*&H#&%<H H+ %"H +H *H#+0H+&H&'%H0&,)H$ %H+&H&+)H + %*;H +C*H*H$&%0HH)*+<H +H. ##H &$H#&%;H%H0&,H#&&"H+H0&,)H #)%<H

0&,H.%+H+&H -H+$H*&H$%0H+ %*<H*&H#+H $H&,*H&%H++;E

    



*H.H##H"%&.<H+)H *H#.0*H '#'#H/ +$%+H %H+H )H .%-)H+H,#+ H'')&*;H *H +H *H##H&-)H+H.&)#H%H+)H)H ,*,##0H)%+ H')')+ &%*H0H % - ,#*<H $ # *<H&)'&)+H& *H%H-%H)&,'*;H H,),#)H &#H&-)%$%+H *H*+H+&H ')&-H +*#H*HH+) ##1)H*H +H *H*+H+&H &#H +H$ %H + &%H&H,#+ H)H  )H+&H')&$&+H+H&%&$ H%H',#H %- )&%$%+H&H+H &#H&-)%$%+; &) %H+H )$%H&H+H&,% #<H !,%H! <H+H )H++H. ##H+"H'#H +.%H$)H42G47H *H $H+H&&*+ %H +H&%&$ H')&H#H&H,),#)H &#H &-)%$%+<H+&H %)*H+H# - %H*+%)H &H- * +&)*H0H')&- * &%H&H(,# +0H')&,+*<H +&H %)*H$'#&0$%+H&''&)+,% + *H&H 0&,+*H %H+H &#H&-)%$%+<H*+# *H

%# %H$)"+H&)H')&,+*H. + %H+H %- )&%$%+; H +H *H#*&H+)+H+H)+ %H.)%**H &,+H+H(,# +0H')&,+*H%H*)- *H - ##H+H+H&,% #H)<H%%H &)'&)+H& #H)*'&%*  # +0H&H*'&%*&)*H %H')&- H$,#+ '#H& H&H')&,+*H %H*)- *H&)H&%*,$)*H %H+H &#H &-)%$%+H%H0&%; H &$H&H+H+&*H+ %*H++H.&,#HH  *'#0H+H+H )H++H. ##H+"H'#H +H+H*# $H#&,%H+ ,$HH %#,HH H)&,+*<H&$H''# %*<H&&H %H-)H')&,+*<H* &%H.)*<H % )ยงHH')&,+*<H,)% +,)<H&*$+ H ')&,+*<H)#H')&,+*<H)-#H%H+&,)*H $&%H&+)*; H &',#)H)+ *+*H. ##HH&%H%H+&HH &#&,)H+&H+H8G0H-%+;




        

 

  "")'! #$ $%! 

+E *E %EE ')+ ,#)#0E $&$%+&,*E &* &%E&)E ) @*E &&$ %EE#$E %,*+)0E *EE#E&EE##&.E ,%E.*EE')$ )E +E+E')*+  &,*E &)&%+&E %+)%+ &%#E  #$E*+ -#E#*+E."E ,%0E+E+EE)*+E-)E )D)'+E*)% %E &EE ) %EE#$E+EE # %E %+)%+ &%#EE#$E $E *+ -#: E E) + *D&)%E  ) %E+&);E .+#E ! &&)E=*+)E&E %* E %;E$) %E%*+);E ;E 34E)*EE#->;E%E % E.+&%E=*+)E&E )*;E&)E&#&)E )#*;E E  ,)*, +E&E''0%**>;E#E+E*+E&E ) %E %E %+)%+ &%#E+&)*E*,E*E% "E&% E&*E =)$ )#*;EE&:3E  *E++ -E%0>;E

&%E&0E=ยŒE"E+E#&">;E+&'E&##0.&&E

+ +&)*;E%- -E%! E%E % %0"E%.%,EยŒE%E + +E')$ ): E *E&%E+E.)D . %% %E%&-#E0E ) %E ,+&);E $$%E , &1 E  ;E#E&E  E##&.E,%E *E )+E 0E')&# EE D*E   ) %E'#0.) +;E 0 E %#;E%E')&,E  0E%)E#).&&E  =@*E%)+ &%E ##;E E *+E %E&E&+#%<E  . %%)E&E+)E*E %E=*)>:EE) + *C  ) %E&D')&,+ &%E .*E*&+E+E+E %'E  #$E+, &*E %E#)E %E %E &%&%: #E&EE##&.E,%E.&%E  +E')*+  &,*E)%E) &,*E)%E 1E&)E + &%E %E+E E =4228>E%E.*EEE%# *+E&)E+E+ &%#E&&"E ) + *E )#E.):EE%&-#E*E*&#E&-)E&%E $ ## &%E&' *E.&)#. ;E%E*E%E+)%*#+E %+&E52E#%,*:

#!")"!



$&&+E)&$&+ &%*;E+E ')&,)*E&E 'E;E+E ,)%E$,* E%E# *+0#E *&.E*E%%&,%E+E#,%E&E E,##DEE46D&,)E%%#E&%E +EE'#+&)$;E)&*+ %E +&E&-)E62E&,%+) *E %E) ;E &) %E+&E&,%)E%E/,+ -E ')&,);E0&E% $*,%:  'EE.*E&,%E %E4228;E*E E)&*+E'#+&)$E&)E '&'E &)#E 1 %;E+E$&*+E)*'+E $,* E!&,)%#E&%E+E&%+ %%+: E % $*,%;E.&E*+E,'E+E  '&'E&)#E)%E %E3997E+E47;E *0*E+E&$ %E&E 'EE%%#E *E$&)E+%EE)$E&$E+),: ?@-E.&)"E&%E+ *E&)E0)*;E

$%0E0)*;@EE*0*:E?%E @$E ,$#;E)+,#;E/ +;E%)-&,*;E %E,#E##E++E.@)EE%##0E & %E+&E# -)E&,)E&.%E%%#;EE ,%)E')%+E ) %E')&')+0E +&E+E.&)#:EE+E$&&+E)&$&+ &%*;E .E-EE$%+E+&E# -)E+E *+E'&** #E&%+%+E+&E&,)E, %E &%E##E'#+&)$*:E-)0&%E"%&.*E &,)E$1 %;E. E *E&,)E') %+E '#+&)$:E@)E')*%+E&%# %E . +&,+E.* +*E%E."#0E **,*:E @)E" " %D&ย”EEE46D&,)E) &E *)- E##;E+)+E&':E%EยงE)E * /E0)*;E +@*E)+ 0 %E+&EE#E +&E*0E0&,E. ##E*&&%EE#E+&E+,%E %E+&E&,)E&.%E')&,#0E ) %E %%#:@

*  '! %" "&&%!)$



E4234E. %%)E&E+E')*+  &,*E **E #&#E ) E= >;E$ *&#E &+E*E) -EE)E)&$E +E&)% *)*E&E+E#$&)&,*E'%+:E E,%E++D&)%E,+0E(,%E.*E ')*%+E. +E+E)E.E."*E&E %E "!;E &*: E E,+0E(,%;E. #E*'" %E. +E #) +0E"E,+E/')**E'' %**E &-)E+E ยงEE*E*E %&)$E,*E++E*E .*%@+E/'+ %E+&E+E+E'&*E)E)&$E+E

&)% *)*E&E+E*&.: E A E.*E%-)E+&#E++E E.&,#EE ')*%+E. +E+ *E);BE*E+&#E#) +0E "E,+;*E*E *'#0E+E&,$%+*E&E +E)%E%.E%,#+: E $ E.&%E+E **E% +E+ &%*E ,+0E%+E %E $ E %E$)E 4234:EE*E* %E'**E)E E)&.%E +&EE%.E. %%);E ##E&";E. E $)E %E ,#0E4235E %E &*:

$'+(!'% "'!% )&!)""



&##0.&&E11# %E+)**E%E&)$)E '&# + #E''& %+;E" ),E0#-%,*;E*E )) -E. +EE%.E#&&";EยŒE)E+%E)E &#E#&&"*E*EE %%)E %E+E%+)+ %$%+E %,*+)0: E &*+E)%+E&E +E##E *E+E'&+&E*&&+E*E .%+E&);E. E)-#*E)E*,$'+,&,*E#&&"E%E ,))%+E*++,*E %E+E*&. 1E %,*+)0:E +E)E #&. %E*" %;E,0D"*E%E,)-+,);E*E %&.E#&&"*E$&)E,+ ,#:E%E-%E%&.;E*&$E -E%E+&,+ %E)E&)E)E&$D +)E#&&":




        

  



  

  

           

             

   

           

   

                   

 ! 

   !   "

          !     

      #  

 

      

      $

               

 %          

       



    

           &  

 

'        

    

'   

        ( "   )   # 

 %            

  

   



  *  %            %  %  

 %        







   % 

        +  ,  

      -           %     

    %  %   

 %      % 

           %      -   %  

 %%  

 



   ) 

      

      "        

%     %  

     

  

              

%  %      %   



        

   

             )  

                    !   !         *    !           

    

                

%

               

        .    

%

      %    



)   

 

%          

      /%        0 

            )   %  )    1   

         !  "      2                #  $ #   

   )  )/   3  ) 0

  

   

4   

  %    "

     )             

4 )  %  %

      "      

        3

   



   "

  

    



   %)      

   

 %

 %)        

 

    !

 

"

  ) 

  

     4       

  &

 

      

 #        

 ( 5  

  %      

) 

 

         ) -           

     

 %            

  "           

 

Do you or your partner snore? This is for you

 

   

     

        %                     

  )  %    & %

    

    

 

 )     

  6 

3 3   *        

      %     %%  %  

#   



        

    -  )  )      

   !

         

                  

 !   %

    #!        

 % ) 

   

     7  

 % )    8    

 

 '        



     % %    3

 

    

      

    /  3  3 0    

       %   * )        3

  %



 #     

 )             

   

 -)   )  9   %                  

   

  * )   

                         

               

 "    

      

: 4    #!             %  %      

         

  %  

              !            7  

     

 )   

 

          

               

          

         %  -    %  

      

  

    $             %  !



 4  (       

   

   !     

 )    %      



 

    

!)

 %)       "      "

 

                                        3    %  !      .)  

               

  

   !

    )           6 %     

! 

 ;         ) 

 !      &            

  #!           8            8      

       !



' !    

    

     !      



    #      

!  

 

                !

           

   ! 

      

 -      

    !

     <

     %         

 % )   

       %

         -   

 

    

          -    )

       ;)                "  $   

 -      )     

!       

      ) =    

   6    $            

'   ;)  

     '    )   

 

   *$        +  

  #      

    

 !     %)  )    

       "    

               

       

 ) %  !   )        %  %6  %  !

  % ,   

   -     %   

 

                  



                    % )          



   ;)       % !   % 

   )

   *     % )     

      

                   3  

 

 )



                  .    %    %  

 %    -  

 "  

 #!      

%   

  

 "

   

         %  

 

 %   

 *   ) % %   

      

 

 >  3           %    ? 3    

         "  %  

  )      @   

                

 " 

     



 



 

 

  

    

   

  "  !     

 

       

      (-    % 3  .   ;      




         

  

1( 9'+)*6 %#0 4'&7%' (#66; 6+557' +0 6*' $#%- 1( 6*' 6*41#6 #0& &'%4'#5' 5014+0)  :'4%+5' +0 )'0'4#. %#0 *'.2 $'%#75' 610+0) #4/5 .')5 #0& #$5 +0#&8'46'06.; .'#&5 61 610+0) /75%.'5 ;17 &10A6 5'' +0 6*'6*41#69*+%*.'#&561.'555014+0)

"' $(" &((( #8+0) # 567; 015'/#-'5+0*#.#6+10&+1 %7.6#0&%4'#6'5 # 8#%77/ +0 ;174 6*41#6 9*+%* +0 6740 .'#&5 61 5014+0) "17 %#0 &1 +6 0#674#..; 9+6*#'6+2161464;0#5#.&'%10)'56#065 14 0#5#. 564+25 61 *'.2 ;17 $4'#6*' /14' '#5+.;9*+.'5.''2+0) *) (#%!$ ( ;17 5/1-' ;174 %*#0%'5 1( 5014+0) #4' *+)* /1-+0) %#75'5#+49#;561$'$.1%-'&$;+44+6#6+0) 6*'/'/$4#0'5+06*'015'#0&6*41#6

()"('*"'("&&))'$(4'#6' # $'&6+/' 4+67#. 9+6* ;174 2#460'4 #0& 56+%- 61 +6 +66+0) 6*' 5#%- +0 # 4176+0' 9#; 61)'6*'4 %#0 241/16' $'66'4 5.''2 #0&6*'4'(14'/+0+/+<'5014+0) & '%%# ' #%() ,)  *#'4;#+4%#0+44+6#6'/'/$4#0'5 +06*'015'#0&6*41#6 &%()%$ .'8#6+0) ;174 *'#& (174 +0%*'5/#;'#5'$4'#6*+0)#0&'0%174#)' ;174 610)7' #0& ,#9 61 /18' (149#4& /+2  )1 2+..193(4'' 14 64; # 52'%+#..; &'5+)0'& 2+..19 61 /#-' 574' ;174 0'%- /75%.'5#4'016%4+/2'&0 &)$$("")'! 1 ;17 5.''2 10 ;174 $#%-  4; 6*' B6'00+5 $#.. 64+%-C  5.''2 9+6* # 6'00+5 $#../145+/+.#45+<'&$#..0#66#%*'&616*' $#%-1(;1742#,#/#612/"17%#05'914 5#('6;32+0#51%-616*'$#%-1(6*'2#,#/# 6126*'0276#6'00+5$#..+0+60*'6'00+5 $#.. +5 70%1/(146#$.' +( ;17 .+' 10 ;174 $#%- #0& ;17 9+.. 4'5210& $; 6740+0) 10;1745+&'110;179+..&'8'.125+&'3 5.''2+0)#5#*#$+6#0&0160''&6*'6'00+5 $#.. * ($%'$ / +%$ ) %""%,$(*()$( '5'#4%* 5*195 6*#6 %1057/26+10 1( %'46#+0 (11&5 #0& /'&+%+0'5 4+)*6 $'(14' $'&6+/'%#0/#-'5014+0)9145'.#%+0) # *175'*1.& $#0 10 6*' (1..19+0) 5014'3 *#<#4&54+)*6$'(14'$'&6+/'%#0/#-'(14 37+'6'40+)*65 #4)'/'#.5 #+4;241&7%65

1;/+.- .%1*1. .''2+0)2+..5#0&16*'44'.#:#065 06+*+56#/+0'5 #'+0' '%)-'(()%()%&($%'$ 10' /+076'5#&#;6*41#6':'4%+5'5 %#0 $' # %1563''%6+8' 5014'34'&7%'4 (14 2'12.' 9+6* /+.& 61 /1&'4#6' 5.''2 #20'#67&+'55*196*#6$;2410170%+0) %'46#+0 819'. 5170&5 #0& %74.+0) 6*' 610)7' +0 52'%+% 9#;5 /75%.'5 +0 6*' 722'4 4'52+4#614; 64#%6 #4' 564'0)6*'0'& #0&6*'4'(14'4'&7%'5014+0) 4; 6*' (1..19+0) ':'4%+5'5 61 5612 5014+0)6#465.19#0&)4#&7#..;+0%4'#5' 6*'07/$'41(5'65;17&1'8'4;('9&#;5 '2'#6 '#%* 819'. /#3'3+31370 176 .17& (146*4''/+076'56*417)*176&#; .#%' 6*' 6+2 1( ;174 610)7' $'*+0& ;174 612 (4106 6''6* .+&' ;174 610)7' $#%-9#4&5(14 /+076'5#&#; .15';174/176*#0&2745';174.+25 1.&(14 5'%10&5 !+6*/176*12'0/18',#9616*'4+)*6 #0& *1.& (14  5'%10&5 '2'#6 10 .'(6 5+&' !+6* /176* 12'0 %1064#%6 6*' /75%.' #66*'$#%-1(;1746*41#64'2'#6'&.;(14  5'%10&5+2 11-+06*'/+4414615''6*' 787.# /B6*' *#0)+0) $#..C0 /18' 72 #0& &190 ")'$)+'#(%'($%'$ $$ D +0)+0) %#0 +0%4'#5' /75%.' %10641. +0 6*' 6*41#6 #0& 51(6 2#.#6' 4'&7%+0)5014+0)%#75'&$;.#:/75%.'5 '"/$ ) '%% D *+0-+0) 1( 6#-+0) 72 # 0'9 +05647/'06  67&+'5 5*19 6*#6 .'#40+0) 61 2.#; # &+&)'4+&11 %#0564'0)6*'06*'51(62#.#6'#0&6*41#6 4'&7%+0)5014+0) *" *'( $ )')#$)( %' ($%'$ ( 6*' 5'.(3*'.25 #4'0A6 5+.'0%+0) ;174 01+5; $'&411/ &10A6 #$#0&10 *12' '&+%#. 64'#6/'065 %17.& /#-' #.. 6*' &+'4'0%' 7%-+.; #&8#0%'5 #4' $'+0) /#&' #.. 6*' 6+/' #0& &'8+%'5 #4' $'%1/+0) /14' ''%6+8' #0& /14' %1/(146#$.' 1 '8'0 +( ;174 &1%614 4'%1//'0&'&51/'6*+0)+06*'2#566*#6 9#5 70%1/(146#$.' 14 &+&0A6 914- 6*#6 &1'50A6/'#06*'5#/'9+..$'647'019 *"'#(%'($%'$ !*'0;174190'14656156125014+0) &1016*'.2%1057.6;1742*;5+%+#014#0 161.#4;0)1.1)+56/#0'#4015'#0&6*41#6 &1%614 16*'49+5' -0190 #5 #0 0 ( ;17 %*115' 61 64; # &'06#. #22.+#0%' (14 ;174 5014+0) ;17 9+.. 0''& 61 5'' # &'06+5652'%+#.+<+0)+06*'5'&'8+%'5

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

10 things you must give up to be successful  

!

*'09'6*+0-#$176*19 61 #%*+'8' 57%%'55 9' 1(6'0(1%75106*'5-+..5 #0& *#$+65 9' 5*17.& #&&61174.+8'57651/'6+/'56*' -'; 61 57%%'55 #%67#..; .+'5 +0 174 #$+.+6;61)+8'72%'46#+0*#$+65#0& $'*#8+1745156#46+0)61&#;=

&+5#221+06'& $; 4'#.+6;  !*'0 ;17 #4' )4#6'(7. (14 9*#6 ;17 *#8' #0& 5'' 215+6+8' 6*+0)5 #5 $1075'5 8'4575 19'& '06+6.'/'065 ;17 9+.. '#40 )4'#6 57%%'55'5 )4#&7#..; #5 ;17)419

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

$$ %*' )$!$ &))'$ )(" +*&"$(%$))"#$)  5 ;17 -019 6*'4' +5 01 .+/+6 D 1$1&; 19'5 ;17 #0;6*+0) 61 174 6*17)*65 76 2'12.' /#-' !*'0 ;17 #2241#%* .+(' 9+6* 6*' %10564#+05 61 6*'+4 6*17)*65 (#.5' 5'05' 6*#6 ;17 #4' 19'& 6*'/5'.8'5 +57#.+5' 9#06 ;17 6*+0)5 ;17 9+.. 0#674#..; $'%1/' 9#0661#%*+'8'..;174/+0&9+6* .'55 241&7%6+8' #0& %1056#06.; 0& 215+6+8'6*17)*65 ; 1 7 4 5 ' . (




         

 

$G XG

#%!%#)%"#%# '''  ("" %'&'%', %"' ,*''"&)"&%)' '#&' (%  '

<\?+G$ G<\G?+G$ =3$\3?

YGY&#?"<=

!,&'," #" "'" <X= X [+&3"<> X?<X*$&$&&  #$ ! $<+? \+*<!<X= X"<> X?<X

#$ ! "+??$?"X"+?\ 3 ?!<X= X [+&3"<> X?<X*$&$&&  X$*$X+ Y\

!$? ?!$?"!"?$? % ? ! > ? & ? %? ! ? )+? &!? &? "!"? ( ?&?& !!+? ? '%+? %'% ? ? (? &$?  ? $%? !? ! $ ®? &+Ÿ? %! %&+?  ?&?&?&&?/,6?!?! > ?&$%? $?$+?$$ ?!'?&?& ? ! ? ?& ?!% &?)!$?'&??(? ?&$'??*"$ ?!??!%?$ ? &&?&?$?'% ?!   ??)%? %?  ? $? )? &? '+? )%? %? $!?  ? &+? &? !   ? !+?&+?$?""+?$$?)&? ?'&$?&!?%!)?!$?& ?!? ?!$$? &!? "? )&? &%? %%'%Ÿ? $? $? ? )? ' %? (? "'&? &!&$? &!? "??+!'??&!?!?&&?$!'&  -<? %? !! ? % %?  ? "+? Œ? &! ?&!?+!'$?'&?$&!  ?%?%? !§? ?&?!+?"$&? ?+!'Ÿ?)$  ? +!'?&&?& %?+? !&??$& 

X    \ *  #$ ! "+??$?X$?  3<  3 3 

'' '& '&$#"&#%!% %&- #" )*'%"%,

.<???!$?%?%!' %?&!!?!!?&!?? &$'Ÿ??!$?%?"$!+?%?&!!?!!?&!? ?&$'? ?% &? ?&$'&'?! ?%? !$?$?"$!?  /<? %& ?  ? )&? ;+? (!<? !$? % %?!??&"$Ÿ?! &$!Ÿ?"$%%! Ÿ? & ? ?$' ?!$?&?%??+!'?% %? &%? "$%! ? %? &$"+? ?$%& ? !'? $ &?! ?&!? ??!$?$ ? &? &?"$%! ?&?"  0<? %? ? $? ? !' &? )&? ?$%&? ?  ? %!& ? % ? %? )+? ? "$%! ?  !&? %$? ? +!'$? "$%! ?&%  1<? %? !$? ?  ? "&'$?  ?  !'$?&?"$%! ?&!?% ? ? %!&%? !$? !$? $% ? !'? ! &? ) &?!$?%'$"$%%?) ?+!'?& ? ))$:

 #$ ![ X&$?"!!$ X X$=GGX& [# ?%%$  XG#$[2[ X&? +G$? GG <#X X$?X3  +G$? GG "= ?&&$G\&$" X$X $ =$$[<? $"#\+ > ?&?[<?G<XG#$[&$G\&$" X$G $ &Y<$

%&'#"! #""%*""%"'#"#" (+#"&(!%$%#!#'#"*&%"' ,(") , " )%%

? =$\\$<??$XY$?? XXG  $3$\+Y&<$!\?* 3$ 4X G$ ?&[ X&$<?GX ?$\<[\?X$"#&? & "<X3?" X*$? \ ?G$?"?$\ > X $" X$X<&$=$3 G$%$

2<? ?  +! ? %%? !$? ! +Ÿ? !? !&?(?& ? !%&?+?+!'?$? ? % 

3<? ! &? $(? &%? !? +!'$? "$%! ? ? &!!? %!! ?  ? ? $'? )&?+!'?$( ??+?! ?%?!? $? !  ? $&! %"? &&? %? ? ! +? !$? %? &? $? '+ ? ? )%? ($? %'$? ? ? )%? Œ?$&? &!? $? !$? &? ! +? !$? '%? ?  ' +??$  4<? ? %$(%? '%'+? (? !$? %&+? ?%$  ?"$!'$%?& ? $ ? ? +!'? !? (? ? !? "! Ÿ? ! &? (? !'&? &? '$ ? %? +!'$? ?!$??"$"?"!   5<?!?"!"?(??$&??!? %!?))$ %%?&?& ?!&$% ? ?+!'?&? ?&?%?))$Ÿ?+!'? +?) &?&!?(?&? !&$? ?&!? %??&?"$%! ?%? &$%& ???!$? %?%Œ?%?!)   -,<? &? ??"'?%"?&??$%&? &  --<?! &?'%??"$!(!&(? ? &!?&? &$%& ?? &$%&?+!'?&?%? !&?&? ?!? &$%&?+!'?) &  -.<?! &?!? &!?#'%&! ?&? $!!% ? %? +"? ; ? !&$? (%'? <?  ? !!? &!? &'+? %? ? !&$? ? &? $&! %"? "$!$%%% ?!'?&?!$? !$&! ? ) ? +!'?  ? !%$(? ! ($? (!$  -/<?  ? !'&? !)? +!'$? "!&!%? +??'% ? ?+!'?% ?&?&!? &? !'? !$? +$%"Ÿ? "!"?  ? '%? &? !)($? &+? ) & ?  ? &?"$%%! ?$!? +?"$%! ?)!? &?? ??"!&!?)&?+!' ?Œ?$? +&Ÿ?$!"?&&?"$%! ?!'&?!?&?"!&! ? &?(!&%?%?!$?$?"$(+  ! &??%'$"$%?&%?&?)!$? !$? +!'?  ? )!?  !)%? +!'? &?  (&??($+?%!! ?&!?+!'$?) :


          

         

    

     

     ~@^@P@TW(TD>?T]\HVX?W@D=?‰P@XP?TW}P@?Q\@P?TWFDTD=>@PHG>\@ ŠHPW +@ W@=QPDX@= \DF=@[G ?= *HWˆ= =@P^?T> C\H \?= P@Q@D^@W >\@ F?TW?>@>H=\@}\@PW>\@YHQSHG)PD@TW=HG-@=‹=&\PD=>HG1?Œ?P@>\ ,T>@PT?>DHT?[ $==@FX[_ )2-,$  X?=@W ?> $GPHF@WD? %?W?VP_ (}P@==C?_ /?VH= >H }PH}?V?>@ >\@ VH=}@[ HG -@=‹= &\PD=> ?= C@[[ ?= F?S@ }@H}[@ GPD@TW= HG -@=‹= +@ =}HS@ >H (~,& (/(‘’2 ?> >\@ \@?W“‹?P>@P=HG\D=Q\‹PQ\HT\D=Q?[[DTV^D=DHTF?TW?>@?TWV@T@P?[ &\PD=>D?T[D^DTV(Q@P}>=       

                     !8!8!  !8%"8!8$8!!88 % 8 " 8   %!.8 % %8 % 8  ! 8 8!8 !/8'-,+.8 8! 8%/88$ % 8 8 8 8 $8 8 $8 8 #%8 % !  !8  8  !8 8 $!8 .8 8 !/  !888#!88    !.8/88#8  88!  !88 086'&8% 8/88 #

% %"8!88!8   ...78/88$8  "/8!8!8$  8)8.8 88 !8"88  $8 $!8 !8 8  8 ! 8 "8 /8 !8 #8 8  /  ! 8 !8 !8 %8 % $8   "  / 6)88!8 /888  " .78 88.8 !8!888$/88 "!8% %  !"8 !8 8 $!8 8 8 $ 895:?U>6P7 9<7 M9@7 M Y>><7 7 4U7 95>7 9J7 !8 $8  ! 8 $8 8 8 ) !%.8 % %8 % 8  $ 8 !8 !"8   !8 !%/8  % !8 8 !"!/8 "! !8#8!#!.

       

   

 

         2"! 8 3/8 /8 /8 18 8 8  !!.8 8   8 !"8  #8 !  "8!8! 88#8%  % "!88  8%.8#8!"! %  8 $!8 !8  8 !8 8 8  !.8 #8  !8"!88.         !5 8 8 !8 8 ".8     8 (0')8  8 " " !8 !!8 $8 )8  8 8 8 !8 8 !/8  #8 $  8 !8 %8 % !8 "!.8 !%/8 % !8 $ 6E~8@x;<7 {@;7 ;=>7 C?48>7 C 9J7 967 x>V>xx>6 #%8 % 8 8  !.8  8 8 $ #!/8!8$ 8#8%8!!8!88 % 8 /8  8 8 8 $!8 $ 8 !8  8 " "8 "  8 $8 $" "!8  !8    8 8  !8 " 8  $ 88%8!8!8  8/  % $8 $ 8 "!8    "  8 8 "  .8"!8!!8$ 8!8!88 8)/8 !"888*,

 

           




        

    

         

%Î *Î. *&$9Î.%+Î$Î*Î')*&%8  )-#-- -#- -  -- -(-!- - * 0Î &%-)* &%Î +&&"Î '#Î +Î Î ; &*Î ++Î % -)* +0<Î .)Î Î .&)"8Î +Î.*Î%Î+Î&Î +Î%Î$ )#8Î +Î.*Î ,) %Î %Î &,+)"Î &Î &%!,%+ - + *9Î '&',#)#0Î ##Î '&#&8Î  #Î >V>?M95>7 E57 ;=>7 9~8>7 q4Y7 895;?48;E5C7 +Î ' $ 9Î Î &##,Î &Î $ %9Î Î ) *+ %Î ##Î #$%+Î ) $ #09Î &*+Î ++Î ,*Î &Î  *Î  +Î %Î =?EY;<7 ;=>7 >BE6>UE87 q95Š;7 4”>8;7  $8Î  #Î -)0&%9Î %#, %Î $9Î &%+)+Î+Î **9ÎÎ Î%&+8Î +)9Î Î ##%Î  $9Î $% %Î +&Î "%&.Î .+Î''%8Î +Î.*Î+%ÎÎ/'# %Î ;97 U>7 ;=4;7 =EY7 967 q4Y7 6E”>?>5;<7 ;=>7 :?Y;7 ;EU>7 7 >V>?7 =>4?67 Y@8=P7 7 U46>7 @B7 $0Î $ %Î +)&)Î +&Î "%&.Î %Î *)-Î ++Î &Î .&Î &,#Î ')-%+Î Î '&',#)Î >BE6>UE87J?9U74”>8;E5C7 EY7{>xE>V>?P  -  - #-  #- - #- - - - - #- --* -Î 0&,Î -)Î .&%)Î .+Î +Î * +,+ &%Î &)Î *& +0Î .&,#Î -Î %Î # "Î Î+Î,)Î *Î%&+Î')&# )+ %8Î %Î ;=>7:?Y;7E5Y;458><7B?9xEJ>?4;E957EY759;7;=>7 .&)8Î +Î *Î $&)Î # "Î =*')>8Î  *Î *Î Î J@x:xU>5;79J7;=>7Y8?EB;@?>YP7=>7{99ƒ79J7 *#$*Î 56:ªªÎ *0*:Î ?Î &)Î -Î +Î .&)9Î ,+Î )+Î *Î +Î &$'%0Î . Î ',# *Î +8@Î Î ,)Î *Î Î &$'%09Î %Î +Î ')&,Î *Î +Î .&)8Î )Î )Î +&)*Î )*'&%* #Î &)Î +Î *')Î &.-)9Î %Î  Î $&%Î +$Î *Î +Î )&. %Î'&',#+ &%Î*Î.##Î*Î+Î%Î +&Î&0Î+Î)+Î&$$ ** &%Î %Î +.Î ¨6:ª7A¨©8Î Î *')Î +)&)Î $%*Î +)Î )Î $%0Î '&'#Î +&Î )8Î ,*+Î *Î +)Î)Î$%0Î&*' +#*Î+&Î,)Î -)*Î $ #Î')&#$*9Î*&Î)Î+)Î,)*Î +&Î ,)Î  -)*Î *' ) +,#Î  #$%+*8Î Î &- &,*#0Î-Î+0'*Î&Î) *+ % +08

#-- #*-" (  +Î )&$Î +Î  %% %9Î +)Î *Î %Î *')+Î &##&.)* '8Î &$Î .)Î &Î,#9Î*&$Î&Î+)Î. #Î+)Î.)Î *&$Î .&Î .)Î &Î ''&##&*Î ,+Î +0Î q>?>7 4xx7 Y4U>7 YBE?E;7 ;=9@C=7 6E”>?>5;7 )-#+ &%8Î %Î -Î + )Î '))%8Î ) &,*Î %&$ %+ &%*Î -Î + )Î 6E”>?>5;7 4BB?948=>YP7 9U>7 4BB?948=7 + )Î+ %Î)&$Î+Î'& %+Î&Î- .Î&Î #&-9Î *&$Î  +9Î *&$Î ')&*') +09Î $&*+Î &+)*Î)&$Î&# %**8Î +Î##Î'%*Î&%Î+Î )-#+ &%8Î##Î')Î+Î*$Î+ %9Î!,*+Î +&Î$+Î+Î0)% %*Î&Î$%8Î)*&%##09Î +Î&*'#Î&Î')&*') +0Î&,+Î+&Î *,*8Î %Î 9Î.Î)Î)&&+Î %Î +Î,*Î ++Î *Î+Î,))%0Î&Î-%8Î +Î +Î

 

&%Î%Î&+ %Î%0+ %8  #- - - --- - (-  -- #-- *--*9Î +Î *Î +),8Î +Î *Î %&+Î -)0&%Î .&Î # $*Î+&ÎÎÎ'*+&)Î *Î+),#0ÎÎ'*+&)8Î&,Î *9Î $&*+Î '&'#Î %Î )Î &Î $&*+Î *&A 84xx>67 8=@?8=>Y7 4?>7 ?>:5>67 {4{4x4q9Y<7 &,#+ *+*Î %Î *, +*8Î &,Î . ##Î )Î . +Î $Î ++Î %&Î ')*&%Î %Î  *Î ) +Î *%**Î *+ ##Î - * +*Î +*Î #.&*8Î*Î Î )*,#+9Î +0Î-Î$&-Î+ )Î- # *Î')+ *Î +&Î +Î ,)9Î   %Î ,%)Î +Î +&Î &Î '*+&)*9Î *&Î *Î +&Î Î '+)&% *8Î Î %, %Î'*+&)*Î"%&.Î+$*#-*Î. #Î *+% Î &%*Î #*&Î "%&.Î +$*#-*8Î %Î # "Î +Î ')#Î &Î +Î .+Î %Î .*9Î&+Î. ##Î/ *+Î* Î0Î* Î,%+ #Î !,$%+8Î*Î&)Î+Î',# 9Î+Î #Î *Î /'#  +Î %Î++Î +Î*0*9Î?888Î0Î+ )Î), +*9Î .Î*##Î"%&.Î+$8@ !- !- #-  - --- --- -;.124Y4?+C05,5=?3>0 30-<0C4=-6-<:> ; ,*<Î %&.Î0&,Î++Î+Î.'&%*Î &Î&,)Î.))Î)Î%&+Î)%#9Î,+Î$ +0Î +&Î +Î ',## %Î &.%Î &Î *+)&%&#*8Î *Î'&'#Î)Î&Î+ )Î+)9Î+Î- #8Î Î  #Î $Î ,*Î ,%)*+%Î ++Î Î + $Î. ##Î&$Î.%Î.&-)Î" ##*Î0&,Î .&,#Î + %"Î Î *Î & %Î &Î Î -&,)8Î Î # *+0#Î &Î ) *+ % +0Î *Î ++Î &Î

 

                0            0        0   

%&%A)+# + &%8Î - &,*#09Î + )Î &Î *Î Î " ##)9Î Î +))&) *+8Î ,)Î &Î *Î #&-8Î ) %*Î &Î *,*Î )Î %&+Î +))&) *+*9Î ,+Î #&-)*Î&Î+ )Î% &,)*8Î 0Î')0)Î *Î ++Î+0Î)'%+Î%Î&$Î# "Î,*8 .0 :4;20 41-.-4.80 C40 :4;0 <9-.?0 <9+0

- - ! - - - - - - * Î *Î%&+Î."9ÎÎ *Î)+)Î. *8Î +Î *Î &&# *%**Î +&Î "%&.Î +Î '#%*Î &Î 0&,)Î +)+&)Î%Î*+ ##Î##Î %+&Î +8ÎÎ *Î& %Î +Î-)0Î&''&* +Î&Î.+Î+0Î.%+9Î%Î =>7EY7C>ŒE5C7?>Y@x;YP -#----- -&$%'* +>*Î '&# + *8Î 0Î ## %Î &*Î %&+Î B>?UE;7U>7;976>xV>7E5;97B9xE;E84x7U4Œ>?YP7 Î$Î&) %Î+&Î')Î+Î&&Î%.*Î &Î) *+8Î-%9Î$0Î*& #Î# Î *Î%+)Î &%Î+Î&*'#8  - - -  - -  -- --#- - - * Î -Î ##%*9Î ,+Î +0Î )Î *,)$&,%+#Î %Î .Î )Î &-)&$ %8Î 4xƒ7 4{9@;7 ;=>7 8=4xx>5C>7 9J7 :5458><7 q>7 %Î $&%0Î +&Î *')Î +Î &*'#9Î +&Î )Î &,+Î +&Î +Î #&*+Î *&,#*9Î %Î ) %Î +$Î +&Î +Î " %&$8Î Î  #Î *0*Î ++Î +)&,Î ')&*') +0Î *##Î 0Î *')Î 4{?946P7 57  <7 q>7 {>xE>V>7 ;=4;7 :V>7 0)*Î)&$Î%&.9Î.Î.&,#Î-Î&$Î Î&,*&#Î%$Î,*Î&Î+Î&*'#Î &Î) *+8 .0 :4;20 756?0 7-<90 92-3<80 95Y+0 :4;0  - #- * &+Î %09Î ,+Î $%08Î Î -Î +&Î $%+ &%Î $0Î ** *+%+9Î *+&)Î $,#Î  %"8Î &$&%Î Î +),*+Î +Î - #Î %%&+Î ,*8Î &$&%9Î.&Î ÎÎ *Î)&,%9Î Î%Î*#'Î . +Î&+Î0*Î#&*8Î)Î)Î&+)*:Î $0Î&%*9Î#)*Î%Î*&Î&%8Î %Î%Î .&$%Î.&Î&Î%Î*0Î+ %*Î Î %+%Î ;97Y4M79?769P79;7J9?C>ŒE5C7UM7qEJ>74567 &,)Î #)%8 !- - #-  -  - !!--#* Î %!&0Î *' #Î )Î # "Î ,#Î .&Î .*Î %+&Î +Î $ % *+)0Î ,##09Î 0+Î .&)"*Î +&Î *,*+ %Î  $*#8Î Î $Î %&+Î +Î +0'Î &Î '*+&)Î++Î'%*Î&%Î *Î$$)*Î&)Î *,*+%%8Î &%Î *&,#Î  *+,)Î +Î &+)8Î &.-)9Î .%-)Î Î $Î %Î +Î 9~8><7 74xq4MY7?>U>U{>?7 967{@;7q=>57 Î $Î %Î +Î ,)9Î Î &%>+Î )$$)Î 9~8>P  -  * &Î+Î) *+ %*:Î*+&'Î/'+ %Î%&%A ) *+ %*Î +&Î -Î # "Î ) *+ %*8Î +) -Î +&Î &%-)+Î +$Î . +Î 0&,)Î # Î *+0#Î. #Î& %Î+Î.&)"Î&Î&8 &Î+Î'&# + #Î#**:Î),#Î. +Î+Î)Î &Î&8 &Î +Î ,%# -)*:Î *,*Î #&-*Î 0&,Î %Î .%+*Î +&Î &'%Î 0&,)Î 0*Î +&Î Î +Î 'Î. +Î0&,)*#Î%Î&+)*Î*Î.##Î*Î )#*Î)&$Î+Î- #*Î#,+*8  -* Î * )Î ++Î -)0Î &$Î . ##Î &$Î Î +),Î ) *+ %Î &$8Î &%+ %,Î %Î +Î # +Î %Î .#"Î %Î +Î # +Î +&Î $% *+Î &8

            



Î ,))%+Î )&'Î &Î '&# + #Î #)*Î %Î+Î&,%+)0Î-Î%Î * Î +&Î Î #" %Î +Î %**)0Î (,# + *Î +&Î +"Î  ) Î +&Î +Î )&$ *Î %8Î Î &*)-+ &%Î .*Î $Î %Î 0Î &%)Î $,%%9Î %)#Î -)*)9Î #Î Î,)8ÎÎÎ $,%%9Î .&Î *'&"Î . +Î    Î&%Î+Î* # %Î&Î+Î#,%Î &Î *Î%.Î&&"9Î+! -#),Î#*&Î * Î ++Î &%Î &Î +Î ')&#$*Î &Î +Î ),# %Î #**Î *Î +&Î &Î . +Î )Î %Î *#A%+)%**8 ?&,Î %%&+Î Î Î &&Î #)Î Î 0&,Î -Î %&+Î %Î Î &&Î &##&.)8Î &*+Î &Î &,)Î #)*Î )Î %&+Î &&Î &##&.)*8Î Î" %Î&Î#)*Î.Î-Î %Î ) Î %%&+Î+"Î,*Î+&Î.)Î.Î.%+Î+&ÎÎ *ÎÎ%+ &%9Î+0Î%%&+Î$"Î +9@ÎÎ*  &) %Î+&Î $9Î##Î+Î&+)Î')+ *Î &$ %Î,'Î)Î!,*+Î+)0 %Î+&Î')+%Î+&Î Î.+Î+0Î)Î%&+Î %Î+Î)#Î*%*Î&Î +Î.&)8Î

Î * Î +Î &,%+ &%Î *Î %Î *+)&0Î %Î  ) %*Î %Î +&Î &Î "Î+&Î+Î* *Î*Î++>*Î+Î&%#0Î.0Î +0Î %Î $"Î +Î  %8Î ?0Î %Î &Î + *Î 0Î )+ %Î %*+ +,+ &%A*Î #)* 'Î %Î %&+Î #)* 'Î &,%Î &%Î % - ,#*8Î )* 'Î $,*+Î &Î 0&%Î % - ,#*Î *&Î ++Î %*+ +,+ &%Î %ÎÎ+)Î+&Î+)$ %Î.+Î''%*9Î +Î *Î %&+Î .%Î %Î % - ,#Î *Î &%9Î -)0+ %Î '"*Î ,'8Î )Î $,*+Î Î ?>x>V45;7µ@4xE:84;E95Y74567µ@4xE;E>Y7;=4;7 47 x>46>?7 U@Y;7 4Œ4E57 {>J9?>7 =>7 4YY@U>Y7 9~8>P7 =>?>7 U@Y;7 {>7 C?99UE5C<‡7 =>7 * 8Î Î #) Î %&+Î ,)+)Î ++Î #)*Î $,*+Î-&#-Î*Î'&'#Î%%&+Î!,*+Î&$Î )&$Î %&.)Î +&Î **,$Î #)* 'Î '&* + &%*8Î ? %Î$) Î%Î*&$Î&+)Î&,%+) *9Î &)Î %*+%9Î 0&,Î $,*+Î -Î '**Î *&$Î )#-%+Î *,!+*9Î *+, Î +Î  *+&)0Î&Î+Î&,%+)0Î%Î&+)Î)#-%+Î &$',#*&)0Î *,!+*Î &%Î +Î &,%+)0Î &)Î0&,Î%Î)$Î&Î#)* '8Î +Î *Î

%&+Î*&Î)9@Î$,%%Î* 8Î Î #) 9Î .&*Î &&"Î )&% #*Î  *Î 4©Î0)*Î %Î+Î$ % *+)09Î* :Î? ) %*Î .%+Î '#*,)Î %Î %&&0Î .%+*Î +&Î &Î +)&,Î %0Î ')&**Î +Î *Î * Î ++Î Y@”>?7 {>J9?>7 Bx>4Y@?><7 {@;7 EC>?E45Y7 q45;7Bx>4Y@?>7qE;=9@;7Y@”>?E5CP7=4;ŠY7 ')+Î &Î +Î ')&#$8Î +Î *Î ##Î &,+Î $9Î $0Î$ #09Î$0Î')+09Î%Î%&+Î&,+Î+Î '&'#9Î+Î'&&)Î$***Î&)Î+Î&&Î&Î +Î&,%+)08Î+Î''%Î+&Î+ÎÎ *Î%&+Î,%/'+9Î0Î+Î.09Î+ *Î *Î%&+Î ;=>7:?Y;7;EU>7q>7=4V>7=>4?674{9@;78?EYEY7 E57;=>7B4?;MP7=>M7=4V>747q4M79J7Y>ŒxE5C7 + )Î) * *8ÎÎ$&*+Î,%&)+,%+Î*'+Î &Î +Î ##Î *Î ++Î +&*Î .&Î ,*Î +Î YBxEŒE5C7 697 59;7 =4V>7 45M;=E5C7 ;97 9”>?P7 +Î *Î##Î&,+Î',##A $A&.%Î*0%)&$8Î &'#Î .%+Î +&Î '&* + &%Î +$*#-*Î &)Î Y>x:Y=7?>4Y95Y759;7J9?7Y>?VE8>P‡ %Î+Î)'&)+Î+Î&Î+Î#)Î&Î +Î&"&Î)$9Î,")Î",9Î+Î #) Î* Î+Î$)%0Î),#Î#$'Î &%Î &)%&9Î &Î %Î $.Î ++*Î *Î#'Î %Î" %Î+Î % %*Î&Î

*+) "*Î %Î+Î&)+Î0Î+Î *#$ *+Î*+8Î $,%%Î* :Î?Î')0Î %Î 0Î++Î &Î*&,#9Î+)&,Î+Î$ # +)0Î&)Î%0Î &+)Î)9Î#'Î+&Î) %Î&.%Î+ *Î   Î$%8Î - * %Î##&.Î#) *Î&%Î.+Î+&Î&Î *Î  ) Î '')&*Î ¨©ª49Î $,%%Î * Î+)Î.*Î%Î&)Î$,Î')0)Î*Î +Î *Î%**)0Î+&Î, Î+Î&,%+)08 Î#*&Î,)Î *Î&,%+)')+*Î %Î+Î $ % *+)0Î +&Î ')0Î %Î %+)Î &)Î +Î &,%+)08Î  %)Î ')0)*Î )&$Î * %)Î )+*Î .&)"Î $&)Î +%Î %0Î $ +0Î )$08Î ,)Î ,+0Î *Î +&Î %&,)Î '&'#Î +&Î #&&"Î .##9Î 0Î **** %Î +&*Î .&Î . ##Î')*%+Î+$*#-*Î&)Î#+ &%9Î%Î -&+Î &)Î ) #Î % +*Î +&Î -& Î >5;=?95E5C7 @5µ@4xE:>67 B>9Bx>P7 @;7 %&Î $%Î &Î &Î .&)+Î  *Î ##Î +&Î *&,#A . %% %Î*&,#Î&Î&)Î#+ -Î'&# + #Î 9~8>P7 =>7 q9?ƒ7 9J7 UE5EY;?M7 EY7 U9?>7 +%Î %0Î &+)Î !&9Î ,*Î +Î ')')*Î $%Î&)Î+Î" %&$Î&Î-%8Î&Î++Î %9Î*Î Î-Î* 9Î&,)*Î *Î+&Î- *Î%Î ')08@




        

    



=>?>7EY7597µ@4xE:84;E957957;=EY7xEY;7 ;=4;7 EY7 @5Eµ@>7 ;97 ;=9Y>7 84xx>67 ;97 x>46>?Y=EBP7 =4;7 EY<7 q=>57 ;=>Y>7 µ@4xE:84;E95Y7 4?>7 895YE6>?>67 E57 47 {?9467 Y>5Y><7 ;=>M7 :;7 >48=7 95>7 9J7 @YP7 56>>6<7 >x6>?Y7 U@Y;7 {>7 4{9V>7 ?>B?948=<7 J?>>7 J?9U7 ;=>7 x9V>7 9J7 U95>M<7 59;7 µ@4??>xY9U><7 C>5;x><7 x9V>?Y7 9J7 C996<7 4567Y9795P7@;7;=9Y>74?>7µ@4xE;E>Y7;=4;74xx7 =?EY;E45Y7Y=9@x676EYBx4MP7=>M76>Y8?E{>7 ;=>7ƒE5679J7B>9Bx>74xx79J7@Y7Y=9@x67q45;7 ;97{>P7 =Ex>7 ;=>7 xEY;7 EY7 J9?7 >x6>?Y7 4567 8=@?8=7 x>46>?Y7C>5>?4xxM<7q>784574xx7{>5>:;7J?9U7 Y;@6ME5C7 ;=EY7 xEY;7 84?>J@xxM7 4567 4YƒE5C7 9@?Y>xV>Y<7 ‹=9q7 q>xx7 7 697 7 U>4Y@?>7 @BӇ7 =>Y>7 Y;4564?6Y7 4?>7 >X;?>U>xM7 8=4xx>5CE5C7 4567 895VE58E5CP7 =>7 ;?@;=7 EY<7 E;7 EY7 >4YE>?7 ;97 B?>48=7 ;=EY7 xEY;7 ;=457 E;7 EY7 ;97 B@;7 E;7 E5;97 B?48;E8>P7 ;7 EY7 9@;7 9J7 ;=>7 µ@>Y;E957 ;97 9V>?Bx4M7 ;=>7 EUB9?;458>7 9J7 ;=>Y>7 8=4?48;>?EY;E8YÌ7 5;9x67 ;?9@{x>7 q=>57 EC59?>6Ì7 567 C?>4;7 {x>YYE5C7 q=>57 J9xx9q>6P7 >J9?>7 q>7 C97 95<7 Bx>4Y>7 ?>U>U{>?7;=4;7;=EY7EY747xEY;79J74YBE?4;E95P7 97 95>7 xEV>Y7 xEƒ>7 ;=EY7 ²±±ß7 9J7 ;=>7 ;EU>P7 4@x7Y>;Y7{>J9?>7@Y747q9?;=M7C94x7q=E8=7 U9Y;79J7@Y7qExx7q9?ƒ7957J9?747xEJ>;EU>74567 Y;Exx7 59;7 89UBx>;>xM7 ?>48=P7 >7 9@C=;7 ;97 ;4ƒ>7;=EY7xEY;7Y>?E9@YxM7{@;74xY97C?48E9@YxM7 4567?>4xEY;E84xxMP7      7 7 EU9;=M7 ³Ë²7 ‹ >?>7 EY7 47 ;?@Y;q9?;=M7 Y4ME5CË7EJ745M95>7Y>;Y7=EY7=>4?;7957{>E5C7 457>x6>?<7=>76>YE?>Y74759{x>7;4YƒP‡745M7 9J7 @Y7 UEC=;7 89UBx>;>xM7 9V>?x99ƒ7 ;=4;7 V>?Y>7 E57 9@?7 =4Y;>7 ;97 C>;7 ;97 ;=>7 xEY;7 9J7 µ@4xE:84;E95YP7 =4;7 q9@x67 {>7 47 C?>4;7 UEY;4ƒ>7 {>84@Y>7 ;=EY7 V>?Y>7 ?>V>4xY7 ;=>7 9V>?x99ƒ>67E5C?>6E>5;79J7x>46>?Y=EBP 96xM7 >x6>?Y7 U@Y;7 q45;7 ;=>7 }9{YP7 4@x7 @Y>Y7;q97V>?{Y7;97{?E5C7;=EY79@;P7E?Y;<7=>7 Y4MY7;=4;747B>?Y957U@Y;7‹Y>;7=EY7=>4?;‡7957 x>46>?Y=EBP7 =>7 V>?{7 U>45Y7 ;97 ‹Y;?>;8=7 9@;7E579?6>?7;97C?4YB<‡7xEƒ>747J99;{4xx Bx4M>?7 Y;?4E5E5C7 ;97 ?>48=7 ;=>7 C94x7 xE5>P7 >8956<7 =>7 Y4MY7 ;=4;7 457 >x6>?7 U@Y;7



5>79J7;=>7E56EYB>5Y4{x>75@CC>;Y7 9J7 qEY69U7 M9@7 U@Y;7 C@E6>7 }>4x9@YxM745674BBxM7895YEY;>5;xM7 E57;=>759@?EY=U>5;79J7M9@?7xEJ>7 4567 6>Y;E5M7 EY7 ;=>7 q9?67 9J7 96P7 ?9VP7 »Ë¯»<7 46U95EY=>Y7 @Y7 4Y7 J9xx9qYË7   0 /-Y+0 :4;0 /44C0 C4=<2-.+80 [4235?+0 :+0 .4<0 B:0 657]0 420 0 7530 B:0 [5<9+2^30 34.80 <+.C+20 5.C0 4.6:0 D+64Y+C0 -.0 <9+0 3-/9<0 4[0 B:0 B4<9+2]0 +0 <5;/9<0 B+0 563480 5.C0 35-C0;.<40B+80+<0<9-.+09+52<02+<5-.0B:0 742C30 ?++10 B:0 =4BB5.CB+.<380 5.C0 P7 >;7 ;=>7 q9?67 9J7 967 Y>?V>7 4Y7 ;=>7 V>=E8x>7;=4;7qExx7895V>M7M9@7;974U4¾E5C7 ;>Y;EU95E>Y7E57xEJ>P7=>7qEY69U79J7 967EY7 >U{>66>67E57 EY7q9?6P7 4Y;7 q>>ƒ<7 q>7 q>?>7 4{x>7 ;97 B?9V>7 {>M956745M7?>4Y954{x>769@{;7;=4;76EVE5>7 qEY69U7 EY7 Y@B>?E9?7 ;97 >4?;=xM7 qEY69UP7 =4;7 {>E5C7 ;=>7 84Y><7 47 B>?@Y4x7 9J7 Y9U>7 ;=9@C=;7B?9V9ƒE5C789UU>5;4?E>Y7{M7;=>7 Y4xUEY;7957 96ŠY7q9?67EY747C9967Y;4?;E5C7 B9E5;7J9?7;964MP7‹9:0742C095Y+0 09-C0-.0 B-.+09+52<80<95<0 0B-/9<0.4<03-.05/5-.3<0 7 GYP7²²ºË²²I7 _9:0 742C0 -30 50 65B10 ;.<40B:0[++<805.C0506-/9<0;.<40B:015<9` GYP7²²ºË²±ÊI7_9+0+.<25.=+04[0<9:0742C30 /-Y+<90 6-/9<a0 -<0 /-Y+<90 ;.C+23<5.C-./0 ;.<40<9+03-B16+`7GYP7²²ºË²³±I7b42+Y+280 080<9:0742C0-303+,6+C0-.09+5Y+.^P7 J7M9@76>YE?>7;97Y@88>>674567>X8>x7E57xEJ><7 ;=>7qEY>Y;7;=E5C7;97697EY7;97Y;@6M<7ƒ59q7 4567 9{>M7 EY7 q9?6P7 {>6E>58>7 ;97 EY7 q9?67qExx7B48ƒ4C>7M9@7J9?747x>V>x79J7Cx9?M7 M9@7q9@x675>V>?7=4V>745;E8EB4;>6P7 7 9?>9V>?<7 ;=>?>7 4?>7 U45M7 U>YY4C>Y7 9@;7;=>?>7E57;=>7q9?x67;=4;74?>789UB>;E5C7 J9?7 M9@?7 4Œ>5;E95<7 q=E8=7 EY7 q=M7 M9@7 U@Y;7 Y>>ƒ7 ;97 ƒ59q7 4567 6E”>?>5;E4;>7 M9@?7 4;=>?ŠY7 U>YY4C>7 J?9U7 ;=>7 ?>Y;P7 967 EY7 qEY69U7 B>?Y95E:>67 4567 EY7 qExx7 J9?7 M9@7 EY7 ;=>7 {>Y;7 M9@7 8457 >V>?7 {4?C4E57J9?P7 59qE5C74567B?48;E8E5C7 EY7 q9?6<7 E??>YB>8;EV>7 9J7 =9q7 8=4xx>5CE5C7 ;=EY7 UEC=;7 {><7 B@;Y7 M9@7 4;7 ;=>7 8>5;?>7 9J7

EY7 qExxP7 >E5C7 E57 96ŠY7 B>?J>8;7 Bx457 EY7 ;=>7 C?>4;>Y;7 >X=E{E;E957 9J7 qEY69U7 >V>?7ƒ59q5P7Y7M9@7Y;4?;7;=>7B@?Y@E;79J7 96ŠY7E5:5E;>7qEY69U<7M9@7U@Y;7?>4xE¾>7 ;=4;7 ;=>?>7 EY7 597 Y4;@?4;E957 B9E5;P7 =>7 q9?67 9J7 967 EY7 x946>67 qE;=7 >V>?x4Y;E5C7 ƒ59qx>6C>7 4567 M9@7 U@Y;7 ƒ>>B7 6ECCE5C7 6>>B>?7 4567 6>>B>?7 J9?7 U9?>7 4567 U9?>7 9J7 96P7 5;Ex7 M9@7 ?>4xxM7 C>;7 ;97 ƒ59q7

           "   

 

    ‹6>YE?>‡7 x>46>?Y=EBP7 =4;7 V>?{7 U>45Y7 ;97 ‹>4C>?xM76>YE?>‡79?7;97‹{>74U{E;E9@Y7J9?‡7 9?7 >V>57 ;97 ‹89V>;‡7 GE57 ;=>7 C9967 Y>5Y>IP7 9;E8>7 4xY97 ;=4;7 =>7 84xxY7 >x6>?Y=EB7 47 ‹59{x>7;4YƒP‡7x6>?Y=EB7EY74759{x>784xxE5C7 E57 4567 9J7 E;Y>xJP7 95YE6>?7 ;=>7 J9xx9qE5C7 Y;4;>U>5;YË ²P77x6>?Y=EB7EY74759{x>7;=E5C7E57;=>7>M>Y7 9J7 967 4567 E;7 EY7 4xY97 47 J9?U7 9J7 Y>?V45;7 =996P ¯P7=>76>YE?>7;97{>7457>x6>?7EY759{x>7EJ7E;7 EY74889UB45E>67{M7476>YE?> ;97C?9q7E57C?48>P ³P7 >E5C7 457 >x6>?7 EY7 47 59{x>7 q9?ƒ7 {@;7 E;7 EY7 q9?ƒÌ7 J7 47 B>?Y957 6>YE?>Y7 >x6>?Y=EB<7 q=4;7 69>Y7 =>7 Y>>ƒÓ7 7 ;E;x>Ó7 7 54U>Ó7 7 {EC79~8>Ó77Bx4;J9?U7J9?7C?>4;5>YYÓ77{EC7 Y4x4?MÓ79<7=>76>YE?>Y747‹59{x>7;4YƒP‡

>?>7 EY7 ;=>7 :?Y;7 ?>µ@E?>U>5;7 J9?7 >x6>?Y=EBP7 7 B>?Y957 U@Y;7 q45;7 ;=>7 }9{Ì7 =>?>7Y=9@x67{>747 96CEV>576>YE?>7;=4;7 U9V>Y7;=>7=>4?;7;9748;E95P7 J7 967EY7;?@xM7 84xxE5C<7 ;=4;7 B>?Y957 Y=9@x67 >V>5;@4xxM7 J>>x7 47 6>>B7 E55>?7 6>YE?>7 J9?7 ;=>7 }9{P7 9@7 U@Y;7 =9q>V>?7 59;>7 ;=4;7 ?>x@8;458>7 4567 =>YE;4;E957 EY7 59;7 4xq4MY7 47 {467 YEC5P7 >?=4BY7 ;=>7 B>?Y957 J>>xY7 @5q9?;=M7 9?7 B>?=4BY7 ;=>M7 695Š;7 @56>?Y;4567 q=4;7 ;=>7 }9{7 >5;4ExYP7 9U>;EU>Y7 ?>x@8;458>7 EY7 C9967 {>84@Y>7 ;=>7 }9{7 9J7 >x6>?Y=EB7 EY7 457

4q>Y9U>7 ;4YƒP7 >7 697 59;7 q45;7 >x6>?Y7 q=97;4ƒ>7;=>E?76@;E>Y7xEC=;xMP q97EUBxE84;E95Y7;97;=E5ƒ74{9@;Ë ²P7 7 J7 >x6>?Y=EB7 EY7 47 59{x>7 ;4Yƒ<7 ;=>57 8=@?8=>Y7 Y=9@x67 @B=9x67 ;=>E?7 >x6>?Y7 {>J9?>7 ;=>7 895C?>C4;E95P7 >E5C7 457 >x6>?7 EY7 47 C?>4;7 q9?ƒ<7 {>E5C7 47 6>48957 9?7 47 6>4895>YY7 EY7 47 C?>4;7 q9?ƒ<7 Y>?VE5C7 ;=>7 9?67 4Y7 47 @564M7 Y8=99x7 ;>48=>?7 EY7 47 C?>4;7 q9?ƒP7 >E5C7 47 ;?@Y;>>7 EY7 47 =>4VM7 ?>YB95YE{ExE;MP7 =>7 Y4U>7 EY7 ;?@>7 J9?7 4xx7 V9x@5;>>?7B9YE;E95Y7E57;=>78=@?8=P7>;7@Y7 @B=9x67 x>46>?Y=EB7 4567 >589@?4C>7 9@?7 B>9Bx>7;97Y=9q ?>YB>8;745674BB?>8E4;E957J9?7;=>7x>46>?Y7 967=4Y7CEV>5P ¯P7 9@5C7 U>57 4567 q9U>57 Y=9@x67 {>7 ;4@C=;7;=4;7>x6>?Y=EB7EY747q9?;=M784xxE5C7 E57 ;=>7 x984x7 8=@?8=P7 997 9§>57 8=@?8=7 U>U{>?Y7 U4ƒ>7 6EYB4?4CE5C7 89UU>5;Y7 4{9@;7 ;=>7 B4Y;9?<7 ;=>7 Y;4”<7 ;=>7 >x6>?Y7 9?7 ;=>7 6>4895Y7 9?7 ;=>7 8=9E?7 6E?>8;9?7 9?7 ;=>7 @564M7 8=99x7 ;>48=>?Y7 4567 q>7 q956>?7 q=M79@?7;>>54C>?Y76?9B79@;79J78=@?8=74Y7 Y99574Y7;=>M7845P7 9q7U@8=7{>Œ>?7EY7E;7 ;97@B=9x67Y8=99x78=Ex6?>57;974YBE?>7;97;=>7 Y4U>7ƒE5679J7x>46>?Y=EB7Y9U>64MÓ 9+0Z;56-@=5<-4.30[420+6C+239-1 7 qExx7 Y;Exx7 ?>B>4;7 ;=4;7 ;=>7 ;q97 ƒ>M7

   

     

    

  !     967 {M7 488>B;E5C7 >Y@Y7 =?EY;7 4Y7 M9@?7 9?6745674VE9?<7M9@74?>7Y;Exx7¹4759{96M<Š7 E??>YB>8;EV>79J7;=>7µ@45;E;M74567µ@4xE;M79J7 6>C?>>Y7M9@7U4M7=4V>748µ@E?>6P7 9@7 U@Y;<7 :?Y;7 4567 J9?>U9Y;<7 =959@?7 967 {M7 488>B;E5C7 =?EY;7 4Y7 M9@?7 9?67 4567;=>?>4§>?7895;E5@>7E57J4E;=J@x7Y>?VE8>7 ;97 EUP7 ²7 4U@>x7 ¯Ë³±<7 B@;Y7 E;7 U9?>7 Y@88E58;xMË7 _]]][420 <9+B0 <95<0 94.420 B+0 0 7-660 94.4280 5.C0 <9+:0 <95<0 C+31-3+0B+0 395660 D+0 6-/9<6:0 +3<++B+C`P7 97 6>YBEY>7 967 YEUBxM7 U>45Y7 ;97 {>7 x48ƒ464EYE84x7 4567 @5Y>?E9@Y7 E57 95>ŠY7 4ŒE;@6>7 ;9q4?6Y7 967 4567 EY7 q9?6P7 =>7 ;=E5CY7 9J7 967 U@Y;7{>7=456x>67qE;=7>V>?M78958>EV4{x>7 µ@45;@U79J7Y>?E9@Y5>YYP7 =>7ƒ>M7;97M9@?75>X;7x>V>x745676>Y;E5M7 EY7 9{>6E>58>7 ;97 ;=>7 q9?67 9J7 96P7 9@7 4?>7x946>67qE;=74U4¾E5C7B9;>5;E4xY<74567 qEY69U7EY7;=>7?>µ@E?>67ƒ>M7;97@5>4?;=E5C7 ;=>UP7 9@7 qExx7 {>89U>7 ;997 645C>?9@Y7 J9?7;=>7ƒE5C69U79J764?ƒ5>YY74Y7M9@7ƒ>M7 E5;97 J4E;=J@x7 J9xx9q>?Y=EB7 9J7 ;=>7 9xM7 BE?E;P7Y7478=Ex679J7 96<7;=>7B9q>?7;=4;7 EY7 ?>YE6>5;7 E57 M9@7 EY7 C?>4;>?7 E57 E5;>5YE;M7 4567;>UB97;=457;=4;79J7;=>75@8x>4?7{9U{P7 4ƒ>747µ@4xE;M76>8EYE957;9748ƒ59qx>6C>7 4567 J9xx9q7 =?EY;7 E57 4xx7 M9@?7 q4MY7 4567 q4;8=7 4567 Y>>7 ;=>7 Cx9?E9@Y7 Y;9?M7 >7 4x95>784574567qExx7;@?57M9@?7xEJ>7E5;9P  530B5.:053052+06+C0D:0<9+01-2-<04[0 4C80 <9+:0 52+0 <9+0 34.30 4[0 4C`7 G9UP7 ´Ë²»IP7 =>7BE?E;7qExx75>V>?7x>467M9@79@;YE6>7;=>7 q9?6<7{@;74889?6E5C7;97;=>7q9?6P

7 >x9V>6<7 7 @?C>7 M9@7 ;964M7 ;97 C97 J9?7 qEY69U<7{>84@Y>7;=>7Y>8?>;79J7C?>4;5>YY7 E57xEJ>7EY747B48ƒ4C>784xx>677-3C4BP7EV>7 {M7 qEY69U7 4567 B?9YB>?7 {M7 qEY69UP7 _ +<07-3C4B80/+<0;.C+23<5.C-./\0[42/+<0 -<0 .4<80 .+-<9+20 C+=6-.+0 [24B0 <9+0 742C30 4[0 B:0 B4;<9]]]`0 G?9VP7 »Ëʏ°IP7 EY69U7 qExx7B?>Y>?V>7M9@7q=Ex>7J99xEY=5>YY7qExx7 6>Y;?9M7 M9@P7 =EY7 C>5>?4;E957 q45;Y7 ;97 9@;6979;=>?7C>5>?4;E95Y7E57;>??E{x>76>>6Y<7 {@;<7 M9@7 U@Y;7 8=99Y>7 ;97 {>7 6E”>?>5;P7 @?Y@>7 qEY69UP7 =>7 5@U{>?7 95>7 {99ƒ7 957;=>7Y@{}>8;79J7qEY69U7EY7;=>7E{x>P7 ;7EY7 EUB9?;45;7M9@7Y;@6M74567ƒ59q7;=>7E{x>P7 =>7 488>B;458>7 9J7 J99xEY=5>YY7 EY7 ;=>7 488>B;458>7 9J7 6>4;=P7 Y7 47 ?>Y@x;7 9J7 J99xEY=5>YY<7B>9Bx>7=4V>76E>67q=97Y=9@x67 Y;Exx7{>74xEV>P79@74?>7C?>4;xM7>569q>67{M7 9674567M9@78457Y@88>>67EJ7M9@78=99Y>7 ;9P7 E6>7 957 ;=>7 qE5CY7 9J7 qEY69U7 4567 U9V>7 ;97 M9@?7 5>X;7 x>V>xP7 97 M9@7 6>YE?>7 ;97{>7B?9U9;>6Ó7X4x;7qEY69UÌ7 9qÓ7M7 xEY;>5E5C7;97456769E5C7;=>7q9?679J7 96P7 Y7M9@7>U{?48>7qEY69U<7Y=>7qExx7{?E5C7 M9@7=959@?P77G?9VP7»Ë´ºIP 7U{?48>7 9674567U95>M7qExx7{>89U>7 M9@?7 Y>?V45;7 E5Y;>467 9J7 ;=>7 9;=>?7 q4M7 ?9@56P7=>7E{x>7Y4MY7E574ŒP7·Ë³³Ë7‹@;7 Y>>ƒ7M>7:?Y;7;=>7ƒE5C69U79J7 96<74567=EY7 ?EC=;>9@Y5>YY<745674xx7;=>Y>7;=E5CY7Y=4xx7{>7 466>67@5;97M9@‡P75?EC=;>9@Y7U4UU957 qExx7 59;7 C>;7 M9@7 45Mq=>?>P7 =>57 M9@7 48µ@E?>7 U95>M7 E57 457 @5?EC=;>9@Y7 q4M<7 M9@7 95xM7 E58?>4Y>7 M9@?7 ;?9@{x>Y7 {M7

B4YY>5C>?Y7 4?>7 EU9;=M7 ³Ë²°7 4567 E;@Y7 ²ËʏºP7 ;7 EY7 EUB9YYE{x>7 ;97 9V>?Y;4;>7 ;=>7 EUB9?;458>7 9J7 ;=>Y>7 V>?Y>Y7 q=>57 895YE6>?E5C7 q=E8=7 U>57 Y=9@x67 :xx7 ;=>7 9~8>79J7>x6>?7E57;=>7x984x78=@?8=P75;9x67 =4?U7 =4Y7 89U>7 {>84@Y>7 8=@?8=>Y7 =4V>7 >x>8;>67 U>57 957 Y9U>7 9;=>?7 {4YEY7 ;=457 ;=EY7 6EVE5>xME5YBE?>67 Y;4;>U>5;7 9J7 µ@4xE:84;E95YP7 567 C?>4;7 {x>YYE5C7 =4Y7 89U>7;97;=9Y>78=@?8=>Y7;=4;7=4V>7U46>747 YE58>?>7>”9?;7;97:567U>57q=97U>>;7;=>Y>7 =EC=7Y;4564?6YP 9+0-.C-31+.35D6+0-./2+C-+.< =>7 U9Y;7 EUB9?;45;7 µ@4xE:84;E957 EY7 ;=>7 95>7 ;=4;7 EY7 U9Y;7 9§>57 9V>?x99ƒ>6<7 4x;=9@C=74@x7Y;4;>Y7E;7Bx4E5xM7E57EU9;=M7 ³Ë²<7‹EJ745M95>7Y>;Y7=EY7=>4?;7957{>E5C7457 9V>?Y>>?<7=>76>YE?>Y74759{x>7;4YƒP‡7=> 7V>?YE9579J7;=>7E{x>7?>56>?Y7E;74Y<7 ‹ ;7EY747:?>7q9?ƒ7=>76>YE?>Y7;9769P‡7=4;7EY7 ;=>7:?Y;7µ@4xE:84;E957J9?7{>E5C7457>x6>?Ó77 U457U@Y;7q45;7;=>7}9{P7=>?>7Y=9@x67{>747 96CEV>576>YE?>7E57=EY7=>4?;7;97=>xB7x>467 ;=>79?6ŠY7B>9Bx>P795V>?Y>xM<7EJ7M9@7=4V>7 ;97;4xƒ7=EU7E5;97E;<7M9@7=4V>7B?9{4{xM7C9;7 ;=>7 q?95C7 U45P7 >E5C7 457 >x6>?7 EY7 Y@8=7 457 4q>Y9U>7 ?>YB95YE{ExE;M7 ;=4;7 597 U457 qExx7 Y@88>>67 q=97 >5;>?Y7 =EY7 q9?ƒ7 =4xJ =>4?;>6xM79?74C4E5Y;7=EY79q57qExxP 9+2+052+03+Y+25603-C+0-B16-=5<-4.304[0 <9-30<2;<9\ ²P75M78=@?8=7;=4;7q45;Y7>x6>?Y7Y=9@x67 48;EV>xM7 >589@?4C>7 E;Y7 U>57 ;97 895YE6>?7 Y>?VE5C7=?EY;7E57;=EY7q4MP7>E5C7457>x6>?7 Y=9@x67 {>7 B@{xE8xM7 =>x67 @B7 47 :5>7 4567 59{x>784xxE5C7J?9U7 96P ¯P7 =9Y>7 U>57 {>E5C7 895YE6>?>67 J9?7 >x6>?Y=EB7Y=9@x67{>7>589@?4C>67;9789@5;7 ;=4;7 q9?ƒ7 4Y7 ;=>E?7 U4}9?7 895;?E{@;E957 ;97 ;=>7xEJ>79J7;=>78=@?8=P ³P7 9U>7 U>57 q=97 4?>7 9;=>?qEY>7 µ@4xE:>67qExx759;7{>74{x>7;97Y>?V>7{>84@Y>7 9J7x>CE;EU4;>7;EU>789UUE;U>5;Y7E579;=>?7 4?>4YP

Y>V>?4x7 J9x6YP7 =>57 M9@7 >U{?48>7 ;=>7 ?E58>79J7B>48><7M9@7qExx7=4V>7;=>7CE§79J7 B>48>P7 >7Y4E67E57 5P7²»Ë¯°Ë7_+5=+0 06+5Y+0 7-<90:4;80B:01+5=+0 0/-Y+0;.<40:4;\0.4<0 530<9+07426C0/-Y+<980/-Y+0 0;.<40:4;]0+<0 .4<0:4;209+52<0D+0<24;D6+C80.+-<9+206+<0-<0 D+05[25-C`P7795>M79?7x48ƒ79J7E;7EY759;7M9@?7 B?9{x>UÁ7 M9@?7 x48ƒ464EYE84x7 4BB?948=7 ;97 967 4567 ;=>7 ;=E5CY7 9J7 967 4?>P7 9<7 Y9xV>7 M9@?7 B?9{x>U7 958>7 4567 J9?7 4xx7 {M7 >U{?48E5C7 9674567qEY69UP79@74?>7;997 x946>67;97{>7q4Y;>6Á7M9@74?>7;=>795xM795>7 ;=4;78457>5Y@?>7M9@74?>759;7q4Y;>6P7 9@7 U@Y;7 J@x:x7 M9@?7 6>Y;E5M7 4567 M9@7 U@Y;7 B?E¾>7 qEY69U7 =EC=xM<7 {>84@Y><7 q=4;7 M9@7 B?E¾>7 =EC=xM7 EY7 4Œ?48;>67 ;97 M9@P7 >;7{99ƒY7;=4;7qExx7>5?E8=7M9@?7xEJ><7 C>;7 47 µ@4xE;M7 E{x>7 4567 B4M7 J9?7 E;<7 C>;7 4xx7 M9@?7 C>ŒE5C7 4567 x9467 M9@?Y>xJ7 qE;=7 ƒ59qx>6C>7 4567 qEY69UP7 5V>Y;7 =>4VExM7 qE;=9@;7{4ŒE5C7457>M>xE6P7 >;7U4;>?E4xY7 9J7 U>57 4567 q9U>57 ;=4;7 =4V>7 4Œ4E5>67 =>EC=;Y7 M9@7 6>YE?>7 ;97 4Œ4E57 4567 Y;@6M7 ;=>UP7 ;7EY7M9@?7;EU>7;97?>EC5P7 =>7 E{x>7 Y4MY7 E57 4ŒP7 ²²Ë²¯7 4ƒ>7 q=4;7EY7M9@?Y7{M7J9?8>Á7M9@7=4V>7;97:C=;7 J9?7 E;P7 7 64?>7 M9@7 ;97 C>;7 @B7 J?9U7 q=>?>7 M9@7 4?>7 4567 {>CE57 ;97 Y>>ƒ7 J9?7 qEY69UP7 Y4xU7°ÊË·°<78958x@6>Y74Y7J9xx9qYË7  124B4<-4.0 =4B+<90 .+-<9+20 [24B0 <9+0 +53<80 .420 [24B0 <9+0 7+3<80 .420 [24B0 <9+0 34;<9]0;<0 4C0-30<9+0c;C/+\0 +01;,+<90 C47.0 4.+80 5.C0 3+,+<90 ;10 5.4<9+2`P7 xY9<7 x95C7 xEJ>7 EY7 >5V>x9B>67 E57 qEY69UP77 G?9VP7 »Ë²±IP7 xY97 ?>46<7 Y4xU7 ³»Ë´²»P7 95C>VE;M7EY7>5V>x9B>67E57=95>Y;MP7=>57 M9@7xEV>747xEJ>79J76>8>E;<7M9@7C974{9@;7qE;=7 47{4CC4C>P7EY69U7>5;4ExY7;=4;7M9@7xEV>747 xEJ>79J7=95>Y;M<74567M9@7qExx7xEV>7x95C74567 Y>>7C996P74ƒ>7;964M7M9@?7;@?5E5C7B9E5;7 456769759;76>x4MP7 ;7U@Y;7{>7M9@?7U9U>5;7 9J7 89UB?>=>5YEV>7 ;?45YJ9?U4;E95Á7 ;=EY7 qExx7>5Y@?>7;=4;7B>9Bx>7;=4;7=4V>7x99ƒ>67 69q57 957 M9@7 qExx7 {>CE57 ;97 x99ƒ7 @B7 ;97 M9@P +64Y+C80 0 5B0 3;2+0 <95<0 <9-30 B+335/+0 9530D6+33+C0:4;]0 4-.0;30+Y+2:0;.C5:0 [24B0 d]ee0 5]B]0 f0 +Y+2:0 +C.+3C5:0 D:0 g]ee01]B]0h0   0   0  0   <7 ·7 98E4x7 x@{7 6P7 >q7 ƒ9{4<7 {@x>C{4<7 4C9Y<7 J9?7 J@?;=>?7 >XB9YE;E957 9J7 6EVE5>7 UMY;>?E>Y7 ;=4;7 qExx7 Y@?>xM7 B9YE;E957 M9@7 J9?7 C?>4;>?7 4Œ4E5U>5;Y7E57xEJ>P7




        

     ) ') )  #)  )  ) ) %)

) ) ) !) &) ) ) ) ) ) ) ") )  )

) ) ) ) )  #) )  ) ) ) ) ) ) ) !) &) ))!) ()&//  ')))) ))) )  #) ))) ))#) <95<031+5?+<90D+,+20<9-./30<95.0<95<04[0  (# /

"

=>?>7EY74xq4MY747Y;?95C74Œ48ƒ7J?9U7 ;=>7 ƒE5C69U7 9J7 64?ƒ5>YY7 qE;=E57 ;=>7 x4Y;7 J9@?7 U95;=Y7 9J7 ;=>7 M>4?<7 J?EC=;J@xxM7 ;4CC>67 ‹;=>7 >U{>?7 U95;=YP‡7=>7ƒE5C69U79J764?ƒ5>YY7Y@?>7 =4Y747Y4;45E8789V>545;7qE;=7;=>Y>7U95;=Y7 9J7 >B;>U{>?<7 8;9{>?<7 9V>U{>?7 4567 >8>U{>?7;97>5Y@?>7;=4;7B>9Bx>ŠY76?>4UY7 4?>7 8@;7 Y=9?;7 B?>U4;@?>xM7 {M7 ;=>7 89x67 =456Y7 9J7 6>4;=P7 =EY7 EY7 59;7 96ŠY7 Bx457 J9?7M9@74567M9@?76>Y;E5MÌ7 >7Y4E67E57=EY7 q9?67;=4;7;=>75@U{>?79J7M9@?7M>4?Y7M9@7 qExx7J@x:x74567;=4;7qE;=7x95C7xEJ>7qExx7=>7 Y4;EYJM7 M9@7 4567 Y=9q7 M9@7 =EY7 Y4xV4;E95<7 U>45E5C7;=4;7EJ7M9@74?>759;7Y4;EY:>67;=>57 M9@7 4?>7 59;7 U>45;7 ;97 6E>Ì7 56>>6<7 M9@7 4?>7E5747B9YE;E957;976>;>?UE5>7;=>7x>5C;=7 9J7M9@?7Y;4M7=>?>7957>4?;=Ì7 76>8x4?>7;=4;7 ;=EY7 U95;=7 Y=4xx7 {>7 47 ‹>B;>U{>?7 ;97 >U>U{>?‡7 J9?7 M9@P7 9@?7 {x9967 9?7 ;=4;7 9J7M9@?7x9V>6795>Y7qExx759;7{>7YBEx;7957;=>7 C?9@567 4567 M9@7 qExx7 xEV>7 ;97 457 9x67 ?EB>7 4C>P7 74U7B?9V9ƒ>67;97Y4MË79;7UM7{x996<7 E57 >Y@Y754U>P {>x7q4Y7;=>7:?Y;7U457957>4?;=7;976E>7 q=>57;=>7YBE?E;79J76>4;=7>5;>?>674E57=EY7 {?9;=>?7 4567 U46>7 =EU7 ƒExx7 {>x7 9@;7 9J7 >5VMP7 {>x7 6E>67 B?>U4;@?>xM7 4567 B99?7 64U7=467;97B4?;4ƒ>7E57;=>7:?Y;7?>89?6>67 {@?E4x7 4567 U9@?5E5C7 8>?>U95M7 9J7 =EY7 9q57Y95Ì7 >4?7U>Ë7;=>7>5>UE>Y79J747U457 4?>7U>U{>?Y79J7=EY79q57=9@Y>=9x6Ì7{>x7 6E>674Y747?>Y@x;79J7J4UExM74Œ48ƒP7 >789@x67 =4V>7 ;4ƒ>57 84@;E957 =467 =>7 ƒ59q57 ;=4;7 =>7=4Y74574?8=7>5>UM74Y7457>x6>?7{?9;=>?7 q=9U7 =>7 x99ƒ>67 @5;9P7 >7 89@x67 =4V>7 {>>57q4?M79J7q9xV>Y7E57Y=>>B78x9;=E5CPPP 9;7 UM7 {x996Ì7 7 6>8x4?>Ë7 >V>?M7 4E57 Y>;7 4?9@567 M9@?7 xEJ>7 ;97 ƒExx7 M9@7 Y=4xx7 6E>7 {M7 :?>P7 ;7 Y=4xx7 {>7 UEYYE957 EUB9YYE{x>7 J9?7 ;=>U<7 E57 >Y@Y7 54U>P7 9q<7 q=>57 {>x7 6E>6<7=EY7{x9967{>C457;978?M7J9?7V>5C>458>P7 76>8x4?>Ë7>V>?M7E5598>5;7U>U{>?79J7M9@?7 =9@Y>=9x67;=4;76E>67qE;=9@;784@Y>7J?9U7 ;=>7 qEx>Y7 4567 45;E8Y7 9J7 ;=>7 qE8ƒ>67 Y=4xx7 59;76E>7E57V4E5<7;=>E?7E5598>5;7{x9967Y=4xx7 8?M79@;7J9?7V>5C>458>P7=>7 9679J7}@Y;E8>7 qExx7=>4?7;=>E?78?M<7E57 >Y@Y754U>P >x9V>6<7{>7Y@?>7;97ƒ59q7;=4;76>4;=7EY7 597?>YB>8;>?79J7B>?Y95YP77?EC=;>9@Y7U457 ;=4;769>Y759;7@56>?Y;4567YBE?E;@4x7q4?J4?>7 8457{>7Y54;8=>674q4M7{M7;=>789x67=456Y7 9J76>4;=7{>J9?>7=EY7;EU>P7 9=57;=>74B;EY;7 q4Y7;=>7J9?>?@55>?79J7=?EY;74567=>4VExM7 459E5;>679J7 96<7M>;7=>76E>67B?>U4;@?>xM7 {>84@Y>7 9J7 ;=>7 Y=4B>x>YY7 4567 Y>5Y>x>YY7

           

   

 """ # #  # ##

  6458>79J747q9U4579?8=>Y;?4;>67J?9U7;=>7 BE;7 9J7 =>xxP7 7 4UBY957 ;=>7 4¾4?>5>7 q4Y7 459E5;>679J7 9674567q4Y7Y97B9q>?J@x<7M>;7 J>xx7 B?>U4;@?>xM<7 59;7 }@Y;7 {>84@Y>7 9J7 =EY7 46@x;>?9@Y7xEVE5C74567@5=9xM74YY98E4;E957 qE;=7 >xEx4=<7 {@;7 U9Y;xM7 9@;7 9J7 =EY7 84?>x>YY5>YYP7 >7 =467 ;=>7 9BB9?;@5E;M7 ;97 :?>7 >xEx4=7 q=>57 Y=>7 :?Y;7 84@Y>67 =EY7 :5C>?7;97{>78@;79”P74;=>?<7=>7q4Y7J99xEY=7 4567C4U{x>67qE;=7=EY7xEJ><7=>7x9Y;7=EY7xEJ>Ì7 EY;>5Ë7EJ7M9@769759;7:?>7M9@?7>5>UM<7M9@?7 >5>UM7qExx7¹>XBE?>Š7M9@Ì7964M<7M9@7qExx7 :?>7 4567 ?>;E?>7 4xx7 M9@?7 >5>UE>Y<7 E57 >Y@Y7 54U>P7 @?E9@YxM<7 E;7 EY7 µ@E;>7 @Y@4x7 J9?7 ;=>7 ?EC=;>9@Y74567=>4VExM7459E5;>67;976E>74567 q>7 Y458;EU95E9@YxM7 ƒ>>B7 >8=9E5C7 ;=>7 B9B@x4?7?>J?4E5Ë7;=>79?67CEV>;=<74567;=>7 9?67 ;4ƒ>;=Ì7 9Ì7 =EY7 EY7 YEUBxM7 {>84@Y>7 597 95>7 Y;9967 E57 ;=>7 C4B7 ;97 Y4MË7 9;7 UM7 {x996Ì7 =>7 {E{x>7 q4?5Y7 E57 Y4E4=7 Ê°Ë7 ²¯7   ' ) ) #) ) )  ) !))) $) )))

)  ) !#) ) )  ) ) ) )  ) !) ) ) ))")) ))) $) !)  ) ) ) ) #)  ) )

) ) ) (P7 xÒ4=7 ;=>7 :>?M7 B?9B=>;7 9J7 :?>7 q4Y7 47 U457 9J7 C?>4;7 YBE?E;@4x76>B;=74567qEY69UP7=>576>4;=7 84U>7 84xxE5C7 @5;97 =EU7 {>J9?>7 =EY7 ;EU><7 =>7q4Y7YU4?;7;97Y>567;=>745C>xY79J7:?>7;97 6>Y;?9M7=EY7>5>UE>YP7

9Y>B=7;=>76?>4U>?7q4Y7>µ@4xxM747U457 9J7 qEY69UP7 >7 ?>J@Y>67 =EY7 {x9967 ;97 {>7 YBEx;7 J?9U7 ;=>7 BE;<7 ;97 9;EB=>?ŠY7 =9@Y><7 ;97;=>7B?EY95<74567=>7>V>5;@4xxM7U46>7E;7 ;97 ;=>7 B4x48>7 ;97 J@xx:x7 =EY7 6>Y;E5MP7 V>57

>Y@Y<7;=>7>YYE4=<7E574xx7=EY7Cx9?M7=467;97 4BBxM7qEY69U7;97Y4M7')!)"( 47B9E5;<7=>7B?>YY>67;=?9@C=7;=>78?9q67;97 >Y84B>7J?9U7=EY784B;9?Y7{>84@Y>7E;7q4Y759;7 M>;7=EY7;EU>P7=>7{E{x>746U95EY=>YË7;9@8=7 59;7UM7459E5;>674567697UM7B?9B=>;7597 =4?UP7 76>8x4?>Ë745M95>7;=4;7;9@8=>Y7M9@7 {M7 UEY;4ƒ>7 Y=4xx7 6E>7 {M7 89??>8;E95Á7 M9@?7 {x9967EY7;997{EŒ>?P7=>57;=>M7?>µ@E?>79J7 M9@?7{x996<7;=>M7Y=4xx76?E5ƒ79J7;=>E?79q5P7 =>57 ;=>M7 ?>µ@E?>7 9J7 M9@?7 ½>Y=<7 ;=>M7 Y=4xx7 >4;7 9J7 ;=>E?7 9q5PPP@?>xM<7 59;7 UM7 {x996<7E57 >Y@Y754U>P  )) ) 

²P7 ) )7¼79U>7 B>9Bx>7Y;@BE6xM7=9{59{7qE;=7;=>7>5>UM7 >V>57q=>57B?9B=>;E84xxM7q4?5>67;976>YEY;7 J?9U7E;P788x>YE4Y;>Y7°Ë²°7EY78x>4?Ë7')) ) ) #) ) ) ) $) !) ) ) ) ) !)%)'P7 ¯P7 7¼7=>?>7EY747YE57;=4;7qExx7U4ƒ>7M9@7 Y>xJ76>Y;?@8;<747YE57@5;976>4;=Ì7E57Y@8=74Y7 {x4YB=>UM74C4E5Y;7;=>7 9xM7BE?E;7q=E8=7 84559;7 {>7 J9?CEV>57 =>?>7 957 >4?;=7 9?7 E57 =>4V>57;9789U>7Y@?>7x>46Y7;97>;>?54x76>4;=7 4567 8956>U54;E95P7 xx7 @5?EC=;>9@Y5>YY7 EY7YE5<747YE57@5;976>4;=7G²7 9=57ÊË7²·²°IP7 >x9V>6<7{>7Y97C@E6>6Ì ³P7  )   ) ¼7 E;8=>Y7 4567 qE¾4?6Y7 J>>67 957 {x996<7 ;=>7 U9?>7 ;=>M7 895Y@U>7 ;=>7 C?>4;>?7 ;=>E?7 B9q>?Y7 q=>?>E57;=>M7B>?E96E84xxM784@Y>7488E6>5;Y7 45679;=>?76EY4Y;>?Y7;97J@>x7;=>E?7>VEx7{x9967 {45ƒ7J9?747Y;>46M7Y@BBxMP79U>7B>9Bx>74?>7 84xx>67 @B7 E57 ;=>E?7 >VEx7 89V>5Y7 4567 ƒExx>67 UMY;>?E9@YxMP7 964M<7 7 6>xEY;7 M9@7 J?9U7 ;=>E?7xEY;79J7VE8;EUY74567M9@7Y=4xx759;76E>7 E57;=>7U455>?79J7 9=57;=>74B;EY;<7E57 >Y@Y7 54U>P  ) )  ²P7=>7xEJ>79J7>V>?M7xEVE5C78?>4;@?>7EY7E57 ;=>7 {x996P7 =>7 {x9967 EY7 ;=>7 xEJ>7 qE?>7 9J7 >V>?M7=@U457>XEY;>58>74567;=>?>7U@Y;7{>7 {x9967J9?7;=>?>7;97{>7xEJ>Ì ¯P7=>7{x9967=4Y7;=>784B48E;M7;97YB>4ƒP7 =>7 ?>Y@x;7 9J7 M9@?7 {x9967 ;>Y;7 YB>4ƒY7 957 M9@?7 E6>5;E;M<7 =>4x;=7 Y;4;@Y<7 B4;>?5E;M7 EYY@>Y<7 >;8P7 =>?>7 4?>7 ;=9Y>7 ;=4;7 6E>7 4567 ;=>E?7 {x9967 8457 YB>4ƒ<7 4567 ;=9Y>7 q=9Y>7 {x996784559;7YB>4ƒP7 J7;=>7{x99679J7476>467 U457 G{>xI7 8457 YB>4ƒ<7 =9q7 U@8=7 U9?>7 M9@?Y7 G47 xEVE5C7 {>E5CIÓ7 97 95>7 8457 Y@8ƒ7 M9@?7{x996PPP9;7UM7{x996Ì ³P7 =>7 {x9967 EY7 ;=>7 95xM7 ;EYY@>7 E57 ;=>7 {96M7;=4;7EY7U9{Ex>E;7EY7=EC=xM7x989U9;EV>7 E5754;@?>P7 J7E;78x9;Y7GY;9BYI7;=>57M9@76E>Ì  ) !))))!)  ²P7 7 {>x95C7 ;97 >Y@YPPP 7 =4V>7 47 ?>{E?;=<7 7 4U7475>q78?>4;@?>P7 74U7{9?574C4E5Ì ¯P7 =>7 {x9967 E57 UM7 YMY;>U7 =4Y7 {>>57 @BC?46>67;97;=4;79J7 >Y@YP7 ;7EY7=EY7{x9967 ;=4;7 ½9qY7 E57 U>7 4567 59;7 ;=>7 YE5J@x7 64UE87{x996P7 ³P7M7{x9967EY7;997{EŒ>?7J9?7qE;8=>Y74567

qE¾4?6Y7;97;4ƒ>P7 ;7EY7V>?M748E6E8<789??9YEV>7 4567?>B@C545;7;97;=>UP7=>57 7q4Y759;7 {9?57 4C4E5<7 UM7 {x9967 x48ƒ>67 B9q>?<7 =>58>7qE;8=>Y74567qE¾4?6Y789@x67Y@8ƒ7E;P7 E8ƒ5>YY745676EY>4Y>Y789@x674ÐE8;7E;7{@;7 q=>57 7 ;?@xM7 ?>8>EV>67 =?EY;<7 UM7 {x9967 q4Y7 E5J@Y>67 qE;=7 ;=>7 B?>8E9@Y7 {x9967 9J7 ;=>74U{PPP 7{>84U>7@5;9@8=4{x>Ì »P7=>7q9?679J7 967Y4MYË7 7Y=4xx759;76E><7 {@;7 7Y=4xx7xEV>7;976>8x4?>7;=>789@5Y>x79J7;=>7 9?67E57;=>7x45679J7;=>7xEVE5CÌ7 96ŠY7q9?67 8958>?5E5C7 U>7 EY7 J9?>V>?7 ;?@>P7 7 Y=4xx7 59;7 6E>7 B=MYE84xxM<7 YBE?E;@4xxM<7 U4?E;4xxM<7 U4;>?E4xxM7 4567 :5458E4xxMP7 =EY7 Y=4xx7 {>7 M9@?7B9?;E957;99<7E57 >Y@Y754U>P >5>:;Y79J7;=>7{x99679J7 >Y@Y ²P7) ) ))¼7E;=9@;7 ;=>7 Y=>66E5C7 9J7 ;=>7 {x996<7 ;=>?>7 8457 {>7 597?>UEYYE9579J7YE57G >{?>qY7ºË7¯¯IP7 ;7EY7 ;=>7 Y=>66E5C7 9J7 =EY7 {x9967 ;=4;7 {?9@C=;7 J?>>69U7J?9U7YE5P ¯P7 25.<30 ;.[+,+2+C0 5==+330 <40 4C ¼7 >Y@Y7 EY7 9@?7 U>6E4;9?7 4567 46V984;><7 ;=?9@C=7 =EU<7 q>7 59q7 =4V>7 488>YY7 GB?95;9I7 ;97 ;=>7 ;=?95>7 9J7 C?48>7 qE;=9@;7 45M7 B?9;989x<7 E5=E{E;E95<7 9?7 =E56?458>7 G >{?>qY7²±Ë7²ºIP ³P7 ;7 C@4?45;>>Y7 B?9;>8;E957 ¼7 >7 4?>7 Y4V>67 {M7 ;=>7 {x9967 9J7 >Y@YP7 =>7 {x9967 YB>4ƒY7 4{Y9x@;>7 U>?8M7 E57 45M7 46V>?Y>7 YE;@4;E957q>7:5679@?Y>xV>Y7G >{?>qY7²¯Ë7 ¯»IP »P7)  )) 7¼7=?EY;7 q4Y7q9@56>67J9?79@?7;?45YC?>YYE95Y<7=>7 q4Y7 {?@EY>67 J9?7 9@?7 E5Eµ@E;E>YPPP{M7 =EY7 Y;?EB>Y7q>74?>7=>4x>67G Y4E4=7ʳË7»ÊIP ÊP7 )  ) ) ) 7 ¼7 >Y@Y7 EY7 ;=>7B>?J>8;74U{79J7 96P7>V>x4;E95Y7²¯Ë7 ²²74YY@?>Y7;=4;7q>79V>?89U>7;=>7{4Y;4?67 6>VEx<7 9@?7 46V>?Y4?M<7 {M7 ;=>7 B?>8E9@Y7 {x99679J7;=>74U{74567{M7;=>7Y@?>7q9?6Y7 9J7 9@?7 ;>Y;EU95E>YP7 9@7 qExx7 9V>?89U>7 M9@?7 Y=9?;89UE5CY7 4567 >5>UE>Y7 {M7 :?><7 E57 >Y@Y754U>P E54xxM<7UM7{>x9V>6<7q=4;7EY7E;7;=4;7=4Y7 U46>7M9@7J>>x7;=4;7E;7EY74xx79V>?7J9?7M9@Ó7 =4;7 EY7 ;=4;7 >XB>8;4;E957 ;=4;7 EY7 M>;7 ;97 89U>Ó7 7 6>8x4?>Ë7 x>;7 4xx7 U>57 {>7 xE4?Y7 {@;7 x>;7 967 {>7 ;?@>P7 9@7 =4V>7 ;?4V>?Y>67 ;=EY7 U9@5;4E57 J9?7 ;997 x95C7 4567 E;7 EY7 ;EU>7 ;97 U9V>7 J9?q4?6P7 9@7 =4V>7 {>>57 B?>C545;7 4xx7;=EY7q=Ex>74567E;7EY7;EU>7;97{?E5C7J9?;=7 E57 ;=EY7 U95;=7 9J7 6>xEV>?MÌ7 >;7 >@{>57 xEV>7456759;76E>P7=>?>7EY7Y9U>;=E5C7;=4;7 967=4Y7B?>6>Y;E5>67J9?7M9@74567;=4;7EY7 q=M7M9@74?>74xEV>7;Exx764;>P7 ;769;=759;7M>;7 4BB>4?Y7;=4;7q=E8=7M9@7qExx7{><7M9@74?>747 6EVE5>7B?9}>8;7;=4;784559;7{>74{45695>6P7

>7q=97{>C45747C9967q9?ƒ7E57M9@7Y=4xx7 Y@?>xM7 89UBx>;>7 E;7 4567 M9@7 qExx7 59;7 6E>7 B?>U4;@?>xM7;=>7q4M79;=>?Y76E6P79@7qExx7 J@x:x7;=>75@U{>?79J7M9@?7M>4?Y<7M9@7qExx7 J@x:x7 M9@?7 =>4V>5xM7 U4564;>7 4567 M9@7 qExx7 J@x:x7 M9@?7 6>Y;E5MP7 97 4567 xEV>7 E57 ;=>7 U455>?7 9J764U<7 >;=<7 >;=@Y>x4=<7 598=745679Y>YÌ7@?>xM<759;7UM7{x996Ì7 ;7 EY7Y>Œx>6<7E57 >Y@Y754U>PPP 7 ÌÌÌ

  

   

"

=>7 9@5;4E57 9J7 E?>7 4567 E?48x>Y7 E5EY;?E>Y7 GI7 ƒ@;>7 >CE954x7 >46µ@4?;>?Y<7 4C9Y7 >CE957 ²º<7 EY7 B9EY>67 ;97 B?>Y>5;7 E;Y7 xEJ>8=45CE5C7 B?4M>?7 4567 6>xEV>?458>7 B?9C?4UU>P7 =>7 q>>ƒ x95C7YBE?E;@4x7>X>?8EY><7;4CC>67¹°74MY7 qE;=7°7?9B=>;Y79J7xÒ4=7E?>Š7qE;=7;=>7 ;=>U><7¹ 7>>677=45C>Š<7EY7Y8=>6@x>67 ;97=9x67{>;q>>57>B;>U{>?7²·74567¯¯P B>4ƒE5C7 4;7 ;=>7 8=@?8=7 B?>UEY>Y<7 ;=>7 >CE954x7 V>?Y>>?<7 4Y;9?7 >@57 ;4564<7 4xY97 ƒ59q57 4Y7 ;=>7 ¹>C47 4Y;9?<Š7 Y4E67 ;=>7 >V>5;7 q9@x67 U4?ƒ7 47 ;@?57 4?9@567 E57 ;=>7 xEV>Y7 9J7 4xx7 ;=9Y>7 q=97 q9@x67 B4?;E8EB4;>7 E57 ;=>7 B?9C?4UU>P7 ‹ 7 4U7 µ@E;>7 9B;EUEY;E87 ;=4;7;=EY7B?9C?4UU>7q9@x674”>8;7xEV>Y7 B9YE;EV>xMP7 746U95EY=7>V>?M7U>U{>?7;97 E5VE;>7Y9U>95>7J9?7;=EY7M9ƒ>{?>4ƒE5C7 >589@5;>?P ‹ ;7 EY7 UM7 YE58>?>7 {>xE>J7 ;=4;7 ;=EY7 EY7 C9E5C7 ;97 {>7 47 B9q>?J@x7 YBE?E;@4x7 >589@5;>?P7 7 8457 895:6>5;xM7 Y4M7 ;=>7

YBE?E;@4x7 4;U9YB=>?>7 EY7 Y>?E9@YxM7 8=4?C>67 J9?7 ;=EY7 B?9C?4UU>P7 7 4YY@?>7 M9@<7 ;=>?>ŠY7 Y@?>xM7 C9E5C7 ;97 {>7 6EVE5>7 VEYE;4;E957 xEƒ>7 5>V>?7 {>J9?>P7 7 ƒ59q7 ;=EY7 J9?7 Y@?>7 {>84@Y>7 ;=>7 9?67 =4Y7 {>>57 C9967 ;97 @Y7 E57 ;=EY7 ?>CE957 4567

>7 =4Y7 {>>57 B?9VE5C7 EUY>xJ7 E57 4xx7 9J7 9@?7 Y>?VE8>Y7 4567 B?9C?4UU>Y<‡7 =>7 >UB=4YE¾>6P 889?6E5C7;9747Y>5E9?7UE5EY;>?79J7;=>7 8=@?8=<7 ;=>7 >CE954x7 >46µ@4?;>?Y<7 x984;>67 4;7 ʸ°7 EB>E5>7 946<7 Y9?>7 @Y7;9B<7ƒ@;><7=4Y7{>>57@56>?C9E5C7 ?>59V4;E957 YE58>7 ;=>7 4BB9E5;U>5;7 9J7 B4Y;9?7 ;4564P7 >B4E?7 q9?ƒ7 =4Y7 ?>48=>67 46V458>67 Y;4C>Y7 4567 ;=>7 ?>CE95<74Y7E;7EY759q<7EY74x?>46M7q>4?E5C7 47 5>q7 x99ƒ7 89UB4?>67 ;97 q=4;7 E;7 @Y>67 ;97{>P7 889?6E5C7 ;97 ;4564Ë7 ‹9;=E5C7 EY7 ;997 {EC7 9?7 ;997 U@8=7 J9?7 ;=>7 967 ;=4;7 7Y>?V>P7=>57E;789U>Y7;97;=E5CY79J7;=>7 ƒE5C69U<7 q>7 Y=9@x65Š;7 =9x67 {48ƒ7 E57 q=4;7q>Š?>769E5CP7=4;7q>7=4V>7695>7 E57;=>7?>CE957EY759;7;97{>789UB4?>67;97 ;=>7{>5>:;Y7q>7>5}9M7J?9U7;=>79?67957

4764ExM7{4YEYP7>784559;7B9YYE{xM7CEV>7

EU7>59@C=P ‹=EY7 B?9C?4UU>7 EY7 YB>8E4x7 {>84@Y>7 >V>?M95>7 q=97 89U>Y7 qExx7 >589@5;>?7 ;=>7 967;=4;7qExx7B@;7478=45C>7;97;=>E?7 xEUE;4;E95<7 {4??>55>YY<7 B9V>?;M<7 ;=>E?7 x48ƒ745674Œ48ƒY7E57;=>76?>4UP7 78457;>xx7 M9@7 ;=4;7 U4?E;4x7 6EY4BB9E5;U>5;7 qExx7 {>747;=E5C79J7;=>7B4Y;7J9?74Y7U45M74Y74?>7 >XB>?E>58E5C7 Y@8=P7 =>M7 Y=9@x67 }@Y;7 U4ƒ>7 ;=>UY>xV>Y7 4V4Ex4{x>7 {>;q>>57 ÊBU7 4567 ´Ë³±BU7 64ExMP7 4Y>Y7 Y@8=7 4Y7 U4?E;4x7 ;@?{@x>58><7 Y>X7 E57 ;=>7 6?>4U<7 6>U9;E95<7?>}>8;E95<7J4Ex@?>74;7;=>7>6C>7 9J7 {?>4ƒ;=?9@C=7 4567 9;=>?7 Y>>UE5CxM7 6E~8@x;7 B?9{x>UY<7 qExx7 {>7 466?>YY>67 {M7;=>7 9679J7<‡7=>78958x@6>6P 5xM7M>Y;>?64M<7;=>7?>CE9579?C45EY>67 47 @5Eµ@>7 B?9C?4UU>7 ;E;x>67 ¹ 9@?7 9J7 ?4M>?7 J9?7 >5Š<7 qE;=7 ;=>7 ;=>U>7 ¹M7 4Cx>7 @Y;7 xMŠP7 >4?>67 ;9q4?6Y7 ?>Y;9?E5C7 ;=>7 x9Y;7 Cx9?M7 9J7 ;=>7 U457 4Y7 ;=>7 =>467 4567 59;7 ;=>7 ;4Ex<7 ;=>7 YB>8E4x7 B?9C?4UU>7 J98@Y>67 957 :5458><7 {@YE5>YY<7 J4UExM<7 84?>>?<7 U4??E4C><7 4U95C79;=>?7VE;4x74YB>8;Y79J7;=>7U45P

!#




        

    



 #!G (#G -#)&G &) &G # )!"8G '(G+9GG()(G #"G'#!G'&$()& G'($'G(#G #) G$#&(#"G&'(#&(#"8G G '#+G -#)G +(G $$"'9G +"G #G 'G -#)8G  '#9G G '#+G -#)G #+G(#G''G*"G)"8G 'G +9G G + G G ("G #"9G ')&"G-#)&GG$ '8G"G('G+#& G #G &#''G &"''9G *"G )"G 'G #"G #G #)&G &('(G ''('G > # G 0:0?8G "G -#)G !''G #A'G "'9G -#)G &)"G"(#G&''8G#"A(G "G#"G-#)&G#+"G )"&'(""9G )'G -#)G *G "#G ''G (#G (G )()&8G " -G #G "#+'G (G"G&#!G(G"""8G"G G-#)&G +-'9G "#+ G ((G #G 'G (G #" -G#"G+#G"#+'G(#!#&&#+8G #-G ##'G&(9G)(G+ G(#!#&&#+G  '#G G &(G #&G &(&<G " -G #G "#+'8G #)&G )"&'(""G 'G "%)(G (#G )"G -#)&G '($'G "(#G (G )()&8G #G #"G "#+'G (#!#&&#+G G #;G -#)G !)'(G "#+ G ('G #"''("( -9G#&G-#)G(#G+ G&G&#!G (G&''G#G 8 #"'G((G*&-G G#G#G'GG "(G#&G(GG$ 'G#G 8GG &G(G (G#G(G+#& 8GG(-G((G'G Y>;7 957 457 =Exx7 84559;7 {>7 =E67 G4Œ=>q7 3:/2?8G#)G&G#&"G#&G(G(#$=G#)G &G&!G(#G&"G'GG"G#"G(G &(8GGGG &G 'G G '$ G $&G #"G -#)&G 8G #9G-#)G&GG'$ G(."G#"G(G&(8G )(G-#)G""#(GG!G)"( G-#)G&G 8G#A'G "'G&G(G(+-'G(#G -#)&G!"'8G"( G-#)G #+G!G(#G G-#)9GG""#(G!G-#)8G #&G "'("9G (G '& ('G "+G "#G G +"G #G G (!8G -G G $ "(-G #G $9G  (9G ##9G "(-9G $&#((#"8G *&-G ##G ("G #!$"G(!G'G(-G+&G G-G #G>'G26:0/?8G "-G(!'9G#A'G "'G!-G"#(G &G +(G -#)&G (#)('9G )(G (-G &G (G +-'G (#G -#)&G G $ 'G >'G33:6?8G"G#G '9G'(&"G ##&'G&G#$"8       



;Exx7 qE;=7 M9@7 957 9@?7 =?EY;ŠY7 &(G ,$&''"G # )!"8G 'G +9G +G + G G #"(")"G &#!G +&G +G '(#$$G '(G )"-G#"G(G(#$9G_9+0.C04[0:0 5B-.+]` &*'(G !"'G (G (&"G #G ("'G $ "(9G G "()& G (!G #G &$"G"G#-G+(G'G"G$&#)G )&"G (G -&G "G "G &) ()& G 89UU@5E;MP7 >Y@Y7 ?>½>8;Y7 ;=>7 E{x>ŠY7 (# # G*+$#"(G#"G&*'(G+"G G "#"'G  *&'G (#G 'G (G B #&G 9J7;=>7=4?V>Y;‡7J9?7x4{9@?>?Y7G4Œ7ºË³´7 ?8G#G'("'G"G#"(&# G#G(G&*'(G (!;G (G 'G $&(G #G 'G +#&G > &8G 3:02G ;G !#'G2:5G?8 G 8G&*'(G'GG''#"G#G#-G>' !'G /04:/D4G;G'G7:1G?9G (#)G(G'G)'G :C@?4;EV>xM7 G4Œ=>q7 ºË³°7 Á7 ²³Ë³±7 Á7 @ƒ>7²±Ë¯7Á7 9=57»Ë³ÊIP 8G"G("'G#!G#+"G"()& -G +(#)(G!)G'(&'' 8G G "G G $&'#"G ''! ('G "#"("G' 8G "G G !"G 'G !()&G "#)G "G #G (#G '-G "#G (#G * G (G "-(!9G "-+& >P7 =>57 96ŠY7 4Œ>5;E957 EY7 @B957 47 8=@?8=<7xEŒx>7B?4M>?7;=E5CY7=4BB>5P 8G&-"G)""&8 G G"G)(G09G(&G'GG)() G$()&G #G &*'(8G ##G G (#G )(G /:/G EG @A(&G +'G G !"G "G (G "8AAG G '()(#"G'!G#$ ''8GG+#"&9G B&G + G #$G #!G &#!<G G "'+&G &G 'G ((G (&G 'G  +-'G #$G #&G (#'G ((G $)(G (&G (&)'(G "G #9G)'GG"*&G '8 57U9Y7´Ë²²<7q>7?>4674{9@;76E”>?>5;7

" #')"!    

 ((!#

    

  "

 0 "

    " " 

  "  " "   

"  "  " "  "" 

&&&G "'(G (G !"G G -G #8G"G#G 'G(G+-9G-#)G #!G )"'(#$$ 9G )"' G "G!!#* 8 EG"G#G '9GG#'G+(G(G x>67G4Œ=>q7¯´Ë¯±IP7 EG "G #G '9G G +#&'G +(G ;=>7x>67G4?ƒ7²·Ë¯±Á7²79?E5;=E45Y7 1:7?8G EG G +#&'G (&#)G (G G > #"G ²»Ë²±IP7 EG"G#G '9GG+#&'G#&G(G G>/G'' #""'G3:02?8G EG "G #G '9G G $&#(('G (G x>67GX96@Y7¯³Ë¯±IP7 EG "G #G '9G G &"&'G (G "!'G#G(G G $ ''8   Ü7 9@7 U@Y;7 6>YE?>7 ;97 {>7 6EVE5>xM7 )G >&#*&'G 1:3D4?:G (G -#)G #"A(G '&9G -#)G #"A(G '&*8G (G ""'G -#)&G '&G 'G -#)&G )"&'(""G #G (G &# G #G *"G )"G "G ')&"G -#)&G  #&#)'G 6>Y;E5M7E57=?EY;P7 Ü7  G 'G 'G #"G #G (G *&()'G ((G "(( G #)&G ''G (#G *"G )"G >' !G 03:7?8G (G ('G !"''G(#G''G*"G)"8

+.+@<304[0C-Y-.+0/;-C5.=+\ EG "G #G '9G G #'G #&G Ü7 ;1+2.5<;2560 +B147+2B+.<G (G G >'G 23:/D1?:G "G #G > )'G4:/2?:G"G#G 'G-#)G#"G C9>Y7{>J9?>7M9@<74xx7C4;>Y7U@Y;7xE§7 G$&() &G!''#"9GG')$&"()& -G )$G (&G '8G &G 'G "#G  # G

"&''G-#)G(#G *&8G#)G&G+G "( () -9G-#)G&G *G!#(#" -9G "G-#)G&G'(&#"G$-' -8 Ü7 -Y-.+0 124<+=<-4.G >' !G ²±Ê˲³²ÊIË7 =EY7 EY7 ;=>7 >5;E;x>U>5;7 9J7 *&-#"G G -G (G #&G >,#)'G ¯³Ë¯±IP7 Ü7 ;1+2.5<;2560 -.3-/9<G >'G 26:/5?:G "G #G '9G G 'G 89UUEŒ>67 ;97 ;>48=E5C7 ;=>7 x>67 =9q7 ;97 {>7B?9:;4{x>P7 Ü7 ;1+2.5<;2560 D2+5?<924;/9G >"''G 04:/D09G /0D/2?:G 'G 'G #"G V>?M7 7 7 7 9@;Y;456E5C7 {>5>:;Y7 9J7 6EVE5>7 )"8GG ?E>56<7 ;=>7 B9q>?7 ;97 {>5>:;7 J?9U7 *"G )"G 'G (G $&'&*G #G (#'G +#G &G #""(G (#G #8G #)G (G #""(G -G #"''"G -#)&G '"'G "G $("G ')'G 'G -#)&G *#)&G "G #&8G G -#)G &G '(G #&G (9G $ 'G '-G ('G $&-&:G 42C0 +3;380 0 =4B+0 <40 4;0 <4C5:]0 0 5B0 50 3-..+2]0 42/-Y+0 B+0 4[0B:03-.3]04C5:80 05==+1<04;0530B:0 42C0 5.C0 5Y-4;2]0 95.?0 4;80 +3;3]0 4780 0?.470 05B0D42.05/5-.iGGG+ G #"(")G('G("G",(G+8G *&-G ,$ #(G "G G 'G G $&#)(G #G "#+ 8G #&G )&(&G &"9G -#)G "G (G !-G ##':G .C+23<5.C-./0 -Y-.+0-2+=<-4.80 .0;23;-<0[0-3-4.0 5.C0.C+23<5.C-./0-3-4.]G ?9U7 >8>U{>?7 ²±²»<7 ;=>7 Y;9?M7 9J7 U45M7 xEV>Y7 qExx7 {>7 ?>q?EŒ>57 (G   0 jeklG FG G '(#&G "G $&#$(G (&"G #G (G ""&'AG ! -9G#!"G)$G(G(G&" 9G 454457456<7 6E?9ƒ97946<7;4P79U>7 #&GG"G#G'(()'= G "*(G -#)G (#G #!G "G  #+'$G qE;=7@Y74;7;=>74E;=74{>?548x><7454457 456<7 ;4<7 ;=>7 9V>545;7 =9U>7 9J7 ""&'8G G *G #)&G '&*'G #"G @564MY<7=9x6E5C74;7·Ë±±74PUP<7°P³Ê74PUP<7 ºË²±74PUP<74567²±Ë»Ê74PUP7?>YB>8;EV>xMP 0 ?.470 <9-30 <+5=9-./0 9530 D6+33+C0 :4;]0 2-<+0 5.C0 3952+0 :4;20 <+3<-B4.:0 7-<90 B+0 <924;/9\0 5-<90 5D+2.5=6+80 5.55.05.C80<580]]]0jkgmm80 ?+c580 5/4380 -/+2-5a0 420 =5660 nnonpogqma0 420 qB5-6\0[++CD5=?h6[=77]42/

*'G)'G"G(G$& G#G(G&G## G > )G/0:/1D0/?8 38G"G("'G&G#"G -9G#"A(G (G -#)&G G #G #+"8G #"A(G '(&(G (""G((G#A'G ''"'G+ G"*&G    $$  " ! &()&"G(#G-#)G"8G'G'G(G!''G        +G #!'G (#G )'G &#!G (G ##G #G &! ()!!! @;=P7;7 :?Y;<7 ;=>?>7 q4Y7 J4UE5>P7 4;>?7 (((%#$%!#%! $$)!# #"9G(&G!G&*'(8  &!! ( 48G B#G "G (G #&G  +-'CG > $"'G2:2?8G'G'G#-G"G(G #&9G (G #'"A(G $"G #"G )'8G (G #!'G &#!G (G #&9G ##G #&G G ("'G !-G $$"G (#G )'9G "G *&-G '()(#"9G B&#G"G(G #&CG#&G"G)G''#"9G (G&*'(G+ G#!8 "'G #G !";G "#(G )'(G G !"G #G GG'(G+-G(#G'(&#-G'&(-G'G(#G ##G#&GG(&'(G#&G+(&9G)(GG!"G *G#)(G> #!G"G# #!#"?8G #G &"G (G +#&G #G (G #&8AAG G 9x9U957 C4V>7 Y48?E:8>7 {>J9?>7 ;=>7 !"G'G)'G-G!#'G(#G"(G(G  (&G #G #9G "G (G  G &#&G '"G#G*"G#!!)"(#"G'GG ((G #G !G #+"G -G "(G "G $)"'!"(G ((G '#) G #!G #"G (G 'G # #!#"G +(G G '&G #G $#$ 9GGB!"G#G&"G(G+#&'G !8G 'G 'G "G #$"G ((G )'G #G #G +CG >6://;G #!$&G /G !) G 'G*"8 ³Ë²Á7 ¯´Ë·Á7 ¯7 =?95E8x>Y7 ²Ê˳Á7 ¾>ƒE>x7 xq4MY7 ƒ59q7 ;=4;7 >V>?M7 C9967 CE§7 5:04;G G1:4?; #!'G &#!G (G #&;G #)&G *'G !-G G Y>>U7;97{>7J@xx79J7C9967;=E5CYP7 J7=?EY;7

470<40@.+0941+04[0952Y+3<0-.0<-B+30 '"A(G *"G"G)'9G#)&G G'G!$(-8G#"A(G 4[0[5B-.+ G G(G&G## 9GG #'(G*&-("G /8GGG!)'(G &"G(#G$&-G(#G(G #&;G ;=4;7U4Œ>?>67;97=EUP7EJ>7EY7U9?>7;=457 08GGGG '("G(#G'G*#G#&G&(#";G !(& G ("'9G +G "A(G (G (!G @A$9G #)&G '&*"(G 'G '(""AA>/G +(G )'9G & G G 'G ')'G *"G "G )'9G 4U@>x7³Ë²±I "G(A'G(G"""G#G(&" G 8 18GGG')&G#G('9G#G'G"#(G&G&#!G  G+G#!G-#)&G+-G",(G)"-9G -#)9G A'G +(G -#)9G "G G #*'G -#)G &!"G ''8G!"=== "G+"('G(#G ''G-#)9GG)"&'("'G 4239-10 7-<90 ;30 h0 9+0 +3<425<-4.0 9@?7E5745679@;<74567qExx7J@x:x7;=>7{>Y;7 -[+0 33+BD6:0 .<^680 64<0 keoj80 #&G)'8 5C53<25604.+04l80+20+7046-=+0 28G "G (G '!'G G "#("A'G <5<+80:0;:+06<25qB4C+2.052?+<80 #"G&(G#&G-#)9G(G(!G(#G("G #)(G+(G(G #&G'G#"G#&G-#)G  ''"'G#&G&"(8GG"G+(&+G ;:+0 -3<2-=<80 D;c580 420 5.:0 4[0 4;20 "G *G ("'G (#G !8G  '#G +"G 'G ''"'G&#!G)'GG+G#"A(G*G D25.=9+30.5<-4.7-C+] ("'G&G#"G+ 9G#"A(G(G#A'G !G("'GEG((A'G(G+&""G ')'G

 

"  "                "




        

    

            !  "       !!     !   "     !    >\@‰P=>}?=>HPHG>\@&@[@=>D?[&\‹PQ\ HG &\PD=> ŠHP[WCDW@ +@ D= ?[=H >\@

 !  # # !  }P@=@T>\@?WHG>\@Q\‹PQ\?TW@[W@=> =HT HG >\@ [?>@ GH‹TW@P ,T P@Q@T> _@?P= >\@ Q\‹PQ\ \?= X@@T }[?V‹@W CD>\DT>@PT?[QPD=D=?=>\@P@\?WX@@T ‰V\>= H^@P C\H C?= >H >?S@ H^@P ?= >\@\@?WHG>\@Q\‹PQ\?G>@P>\@W@?>\     !  =}HS@ CD>\ $”2'(/( 2/$/(~( ?TW ]Z(•( 2*Š’ &+,1’Š$ HT >\@D==‹@?TWF?T_FHP@@Q@P}>=

                394r580 795<0 9530 D++.0 <9+0          Ï !!#(Ï #Ï )Ï *'Ï ,$' '(Ï #Ï %')*!'!.Ï ".(!Ï 'Ï "#. Ï 'Ï (Ï #$Ï ,.Ï Ï *"#Ï #Ï $*!Ï+ÏÏ*!!Ï()()$#  $Ï (Ï Ï *"#Ï #ŸÏ ,Ï ".Ï #$)Ï Ï J@xxM7Y4;EY:>6<7{@;74Y7478x>?CM7@56>?7;=>7 x>46>?Y=EB79J7;=>7B?>Y>5;7B4Y;9?<7;=>7:?Y;7 ($#Ï $Ï )Ï $*#'Ï $Ï Ï $'!,ŸÏ Ï !+Ï ))Ï ,Ï +Ï *(Ï )$Ï )# Ï $ Ï $'Ï )Ï %()Ï 10Ï .'(Ï *#'Ï )Ï !Ï !'(%Ï $Ï )Ï %()$'ŸÏ Ï !+Ï Ï(Ï#Ï!Ï)$Ï+ÏÏ!$)Ï#Ï(%)Ï $Ï#*"'$*(Ï'((Ï))Ï+Ï'$ Ï)Ï *' Ï Ï (Ï (%')Ï $#)'$!!Ï #Ï $'Ï ))ŸÏ $Ï (Ï !,.(Ï ,)Ï "Ï )$*Ï %$%!Ï".Ï#$)Ï#$)Ï%.(!!.  Ï ,!'Ï $Ï )Ï *'Ï ""'(Ï (Ï q=4;7;=>7B4Y;9?7:?Y;7466?>YY>67q=>57;=>7 EYY@>7 9J7 x>46>?Y=EB7 q4Y7 Y>Œx>67 4567 =>7 "Ï$#Ï$'Ï#Ï*%Ï)!!Ï#$,ŸÏ"#.Ï))Ï Ï #Ï '+ŸÏ )'Ï (Ï Ï *'Ï ,$' 'Ï$'Ï(ÏÏ""'Ï$'Ï(Ï!'.Ï+Ï #Ï !Ï )$Ï " Ï )'Ï ,.(Ï  Ï )$Ï )Ï #)'#)$#!Ï &*')'(Ï #Ï )*Ï q=E8=7 EY7 ;=>7 9~8E4x7 Y>4;7 9J7 ;=>7 B4Y;9?P7 =>7@5E:84;E9579J7;=>7q4??E5C7J48;E95Y7E57 )Ï $!Ï +Ï #Ï )Ï %()$'?(Ï $#'#Ï #Ï %%.Ï #$*ŸÏ Ï (Ï #Ï !Ï )$Ï +Ï))ŸÏ#Ï)Ï#)'Ï""'(Ï'Ï #$,Ï*#'Ï$#Ï!'(%  Ï"Ï$!Ï)$Ï(.Ï))Ï"$'Ï)#Ï65Ï%'Ï #)Ï$Ï)Ï""'(Ï,$'!,Ï'Ï Ï )$Ï )*Ï#Ï Ï"Ï%%.Ï)$Ï(.Ï))Ï)(Ï .'?(Ï " $Ï $#+#)$#Ï ,!!Ï Ï Ï +'.Ï *#&*Ï$#  95<0 +r+=<0 9530 <9+0 =2-3-380 79+.0 -<0        





          



     Ï (Ï )Ï )"Ï $Ï )Ï $"#?(Ï $#+#)$#Ï 2013Ï )$Ï Ï $()Ï .Ï ##Ï '.'Ï #Ï '$%)Ï $*#)#Ï < #)'#$"#)$#!=ŸÏ**Ï'$ ŸÏ

$(ŸÏ'$"Ï%)"'Ï14ŸÏ)$Ï20ŸÏ2013 

#Ï )Ï "#()')$#(Ï $Ï )Ï , Ñ!$#Ï +#)Ï (Ï )Ï %'(#Ï ($%ŸÏ ' Ï '(Ï , %$+,ŸÏ (*%%$')Ï .Ï (Ï ,ŸÏ ' Ï < '( =Ï ()$'Ï !$'Ï , %$+,ŸÏ $'#Ï )$Ï Ï ())"#)Ï .Ï )Ï *'?(Ï "Ï %')"#) Ï )'Ï #$#)Ï ('+#)(Ï $Ï $Ï 'Ï -%)Ï )Ï )Ï +#)Ï

 

7+660530-<30@.5.=-5603<5<;3> #Ï.$*Ï)! Ï$Ï#$"ŸÏ$Ï.$*Ï"#Ï )Ï %()$'!Ï #$";Ï Ï $*'(ŸÏ )'Ï (Ï #$Ï$*)Ï$*)Ï))ŸÏ! Ï Ï(Ï'!'ŸÏ)Ï :?Y;7;=E5C7EY7@5E;MP7964M<7Y9U>7B?9B>?;E>Y7 $Ï )Ï *'Ï 'Ï #Ï +'$*(Ï #(Ï $Ï ($"Ï!'(Ï$Ï)Ï*'Ï#Ï)Ï,$*!Ï ) Ï )"Ï $'Ï ).Ï #Ï Ï '$+' Ï Ï +Ï ($"Ï #$,#Ï #Ï *# #$,#Ï )$#(Ï #Ï )Ï $! Ï Ï )$#(Ï 'Ï +#Ï #$"Ï %'$!"(Ï *)Ï )'Ï (Ï #$)#Ï))Ï,Ï#Ï$Ï-%)Ï)Ï*'Ï $"(Ï ($!*)Ï $#Ï ))Ï (Ï *#'Ï $#Ï (%'ŸÏ<#Ï%'ŸÏ#Ï$!= 

 Ï Ï (Ï '!'ŸÏ )Ï (Ï )Ï "$'Ï !!#Ï ))Ï )Ï %()$'ŸÏ (Ï "##Ï +'#Ï ""#*!Ï '.Ï $.##$Ï Y9”47 =4Y7 {>>57 C?4BBxE5C7 qE;=P7 964M<7 ,Ï)# Ï$Ï))Ï*#'Ï(Ï!'(%ŸÏ Ï(Ï#Ï!Ï)$Ï+ÏÏ!$) Ï! #Ï $*)Ï)Ï#$"ŸÏ)Ï#)'Ï#$"Ï(Ï {>>574”>8;>6P7>75>>67;97=456x>7E;7qE;=7 'Ï#Ï!$+Ï*(Ï,Ï'Ï!!Ï%')Ï$Ï)Ï 8=@?8=7@56>?7;=>7Y4U>7J4;=>?7GY=9”4IP7 'Ï (Ï #Ï Ï #Ï $'*Ï ))Ï (.(ŸÏ         Ï (Ï ($$#Ï (Ï )Ï 8=@?8=7 :54xxM7 {>89U>Y7 95><7 B?9B>?;E>Y7 #Ï *'Ï #$"(Ï #Ï ($"Ï ""'?(Ï #(Ï#Ï'Ï,!!ÏÏ$*#)Ï$'ŸÏ#Ï ))Ï(Ï$*'Ï%'.' Ï $+Ï(Ï$'Ï,),$'Ï #Ï!()!Ï*'Ï$Ï'()                          

q=E8=7EY7>XB>8;>67;974Œ?48;7;=9@Y456Y7 $Ï,$"#Ï)$Ï)Ï*!)'Ñ"$'#Ï ##Ï '.'Ï $*#)#Ï*)$'*"  ' Ï < '( =Ï , %$+,Ï (Ï ))Ï q9U>57 4?>7 VE8;EUY7 9J7 4Œ48ƒY7 E57 ;=>7 (%Ï $Ï $"()Ï +$!#ŸÏ '%ŸÏ (!+'.ŸÏ#Ï(%')*!Ï$%%'(($#ŸÏ@))Ï (Ï ,.Ï )Ï )"®Ï @$"#Ï )$*Ï ')Ï

$$(AÏ,(Ï$(#Ï.Ï)Ï$#'#Ï $'#/'( Ï@(Ï*(*!ŸÏ,Ï!$$ Ï$','Ï )$Ï"'!(ŸÏ(#(Ï#Ï,$#'(Ï#Ï)Ï !+'.Ï$Ï)Ï,$'Ï$Ï$Ï)Ï#$)'Ï !+!Ï'$"Ï$*'Ï($%  ($%Ï '(ŸÏ *)$'Ï $Ï )Ï %$%*!'Ï !.Ï +$)$#!ŸÏ @*'Ï !.Ï ##Ï < =AŸÏ !($Ï ##$*#Ï ))Ï )Ï )$'Ï )$#Ï $Ï )Ï $$ !)Ï ,$*!Ï Ï $*)Ï #-)Ï ,  Ï  Ï (Ï $#Ï $Ï )Ï !#Ï '()#Ï "#*!(Ï ,Ï 'Ï ($!Ï#Ï210Ï$*#)'( ÏÏ($%Ï!($Ï (!$(Ï ))Ï )Ï %)"'Ï 2013Ï %!Ï #$#)#Ï '+Ï ,!!Ï $!Ï

   

            

#Ï!()!Ï*'Ï$Ï'()ŸÏ,Ï+Ï #+'Ï$""#)Ï$#Ï#.Ï%$!)!ŸÏ($!Ï #Ï $#$"Ï ((*(Ï #Ï ))Ï (Ï $*'Ï (%')*!Ï()# ÏÏ%()$'B$*#'Ï$Ï)(Ï $!Ï,(Ï+'.Ï'*!Ï*'#Ï(Ï!)"Ï ,#Ï)Ï$"(Ï)$Ï%$!)!Ï((*( Ï$!)(Ï (Ï "#)Ï $'Ï %$!)#(Ï ,!Ï (%')*!Ï U4Œ>?Y74?>7U>45;7J9?78x>?CE>YP7=4;>V>?7 (Ï%%##Ï$'Ï)#(Ï)$Ï%%#ŸÏ,Ï%'.Ï )$Ï$Ï$'Ï(Ï#)'+#)$# Ï #Ï)Ï*'ŸÏ $*'Ï'$!Ï(Ï)$Ï%'.Ï#Ï)(Ï,Ï'Ï$#Ï +'.Ï($#Ï$Ï)Ï.Ï,)$*)Ï!$,#Ï $*'Ï )'*"%)(ŸÏ .(ŸÏ )'Ï 'Ï )"(Ï ))Ï )Ï*'Ï(ÏÏ$.Ï(Ï)$Ï)! ŸÏ*)Ï$*'Ï )Ï )Ï ##Ï $*#)#Ï $#Ï )*'.ŸÏ %)"'Ï21ŸÏ2013Ï(ÏÏ!"-Ï$Ï)Ï $"#?(Ï$#+#)$# Ï Ï )"Ï $Ï )Ï#$#)#Ï '+Ï (Ï!#Ï,)Ï()#(Ï #%%'( Ï @Ï ,#)Ï )$Ï %!$.Ï )Ï $'Ï $Ï #)'(($#Ï )$Ï ''()Ï )(Ï *!.Ï )'#Ï $Ï #%%#Ï ,Ï -)#(Ï )$Ï )Ï (%')Ï '!" Ï (Ï ,Ï +Ï %.(!Ï #%%'(ŸÏ ($Ï !($Ï $Ï ,Ï +Ï #%%'(Ï #Ï )Ï (%')Ï ,$'! Ï (Ï 'Ï ()#Ï #)(Ï ,$Ï "*(Ï %$%!?(Ï()#(Ï$'ÏÏ%'  Ï(!!Ï'Ï)"Ï.Ï$?(Ï' Ï(Ï )Ï ,$"#Ï 'Ï #Ï !$$(ŸÏ +)"(Ï $Ï #%%#Ï ,$*!Ï ! Ñ,(Ï Ï 'Ï#Ï (*(Ï#"  Ï @#!!.ŸÏ Ï *'Ï )Ï '!Ï $+'#"#)Ï )$Ï ()%Ï *%Ï )Ï ,'Ï #()Ï '"ŸÏ #!*#Ï #%%#ŸÏ $"()Ï +$!#ŸÏ $''*%)$#Ï #Ï $)'Ï#$*(Ï'"(ŸAÏÏ 

*'Ï (Ï #$)Ï Ï %$!)!Ï $'#()$# Ï *'(Ï#'!!.Ï($*!Ï$#!.Ï%'.Ï$'Ï )Ï$*#)'.Ï#$)Ï(*%%$')#Ï%$!)( Ï$*Ï ".Ï (Ï ($"Ï $)'Ï '!$*(Ï ()(Ï ))Ï ,!!Ï Ï ##Ï '$"Ï )Ï $+'#"#)Ï ".Ï '$"Ï )Ï ,.Ï ).Ï )! Ï #Ï ($Ï $')ŸÏ *)Ï !()!Ï *'Ï (Ï Ï %*'!.Ï (%')*!Ï$'#()$# Ï )Ï(Ï'!!.Ï'Ï)$Ï (*%%$')Ï$#Ï%$!)!Ï"%Ï$'Ï)Ï$)'  Ï #$,Ï))Ï,Ï'Ï%')Ï$Ï)Ï$*#)'.Ï *)Ï )Ï $#!.Ï )#Ï ,Ï #$,Ï $'Ï $Ï (Ï )$Ï %'. Ï #Ï %$%!Ï $Ï #$)Ï 'Ï *(Ï (.Ï #.)#ŸÏ Ï)!!Ï%$%!Ï)Ï(Ï!,.(Ï*(Ï ,Ï$#?)Ï,#)Ï)$Ï) Ï(Ï,)Ï#.Ï((*(Ï ))Ï"#)Ï'$"Ï$+'#"#)Ï'!  Ï*'Ï(Ï#$)ÏÏ!$*(.Ï$#:Ï,Ï!%Ï )Ï#)$#Ï)'$*Ï%'.# ÏÏ'()#$"Ï (Ï Ï ,$!Ï ($*!Ï Ï Ï !((#Ï )$Ï )(Ï $*#)'.Ï*)Ï)Ï(ÏÏ%).Ï))Ï)(Ï$*#)'.Ï <'=Ï$(Ï#$)Ï'!(Ï) ÏÏ".Ï#$)Ï )! Ï#$'ÏÏ!$*(.Ï(Ï($"Ï$)'Ï*'(Ï $ŸÏ*)Ï&*)!.ŸÏ,Ï'Ï,$' #Ï)$,'(Ï #*'#Ï %Ï $'Ï )(Ï #)$# Ï Ï *'ŸÏŸÏ(Ï)Ï(%')*!Ï%!)(Ï ;97 Y>Œx>7 EYY@>Y7 J9?7 ;=EY7 89@5;?M7 {@;7 q>7 +Ï#$)Ï#Ï$#)) Ï  Ï Ï(ŸÏ)(Ï *'Ï(Ï#$)ÏÏ%$!)!Ï$'#()$# ÏÏ 'Ï!,.(Ï%'.#Ï*#''$*#Ï$'Ï)Ï %Ï$Ï)(Ï$*#)'. ÏÏ#?)Ï$"Ï$*)Ï #'!!.Ï $'Ï %.(!!.Ï )$Ï $""#)Ï $#Ï %$!)!Ï((*( Ï 

       D;-6C-./0 3=944630 5.C0 =952/-./0 +s42D-<5.<0 [++3]0 95<0 -30 :4;20 143-<-4.0   Ï,.Ï$)'Ï*'(Ï$'#(Ï)'Ï 9q57 698;?E5>7 EY7 6E”>?>5;7 J?9U7 9@?YP7 Ï 'Ï #$)Ï Ï *(#((Ï $'#()$#Ï *#! Ï "#.Ï *'(Ï ))Ï +Ï )*'#Ï )"(!+(Ï #)$Ï *(#((Ï $'#()$#( Ï (Ï*'(Ï$!!)Ï"$#.Ï'$"Ï# (Ï )$Ï*!Ï)(Ï*)$#!Ï#())*)(Ï*)Ï#Ï ŸÏ,Ï+Ï#$)Ï#Ï+#Ï)Ï'Ï)$Ï 697Y9P797E;7EY795xM7;=?9@C=79@?79q57xEŒx>7 #$"Ï))Ï)Ï*'Ï(Ï+#Ï,)Ï ,Ï 'Ï +# Ï Ï %'"'.Ï $#'#Ï $Ï )Ï *'Ï (Ï )Ï (!+)$#Ï $Ï ($*!(Ï $Ï)(Ï""'( Ï$*Ï".Ï+Ï($Ï"#.Ï *#+'()(Ï*)Ï,)Ï$*)Ï)Ï(!+)$#Ï $Ï ($*!( Ï )'Ï ,Ï ! Ï )Ï $'Ï #$)ŸÏ !!Ï ;=>Y>7 Y;?@8;@?>Y7 qExx7 {>7 x>§7 {>=E567 957 ')Ï#Ï,)Ï,$*!Ï)#Ï%%#Ï)$Ï$*'Ï ($*!( Ï$Ï,#Ï%$%!Ï')(Ï)Ï*'Ï !'(%Ï $Ï #$)Ï *!#Ï ($$!(ŸÏ )Ï :?Y;7;=E5C7q>7;>xx7;=>U7EY7;=4;7;=>78=@?8=7 (Ï$#'#Ï$*)Ï(%')*!).ŸÏ(!+)$#Ï 9J7Y9@xY7456745M79;=>?7YBE?E;@4x7U4Œ>?YP (Ï*'Ï$'Ï')!.Ï%$(((($#(Ï(Ï "Ï(%'(Ï$Ï()'.ŸÏ" #Ï)"Ï )$Ï $#Ï $*!)Ï '$*%(Ï ($Ï ))Ï ).Ï ".Ï +Ï)$(Ï)#(Ï))Ï$)'Ï*'(Ï Ï()#!!.Ï+ 

  




        

    

     

 $#"#"  "" !! !! 

&#%!$$     $ '

! 

  



'-, +J*'%J*'.!&J65J'J, J %J  *!+,!&J  -* J 'J 'J CD>J $+'J #&'/&J +J, J'1$J!%'&+J .J $J, !*J*#+,J%,!&J!&J +'$'>J

'+=J =>7 q>xx7 4Œ>56>67 >V>5;7 J>4;@?>67 (*,!!(,!&J 1'-, +J *'%J J *'.!&J 65>J '&+J 6>J 8>J 9>J :J &J ;J *+(,!.$1=J  J 1'-, +J /*J &'-*J &J !&+(!*J  J 'J , !*J -,-*=J  1J /*J $+'J  *J,'/*JJ'$1J*$,!'&+ !(>J %**!J&J**J '!+=  J (*'*%%J ,>J Õ*+ J :?>Š7 q4Y7 ;=>7 :?Y;7 9J7 E;Y7 ƒE567 {M7 ;=>7 '*&!+*+J&J!,J(*'.!J, J1'-, +J /!, J &++*1J !&'*%,!'&J &J ,'J0$J!&J$!= *!'-+J !$!,,'*+J / 'J %J B?>Y>5;4;E95Y7 4;7 ;=>7 q>xx7 4Œ>56>67 .&,J !&$-J ,'(J *$,!'&+ !(J 0(*,>J *=J %!J 1!&#>J *'",J !*,'*>J !&$+J $,'*%>J / 'J ,+#J , J (*,!!(&,+J '&J '$!&++J &J %,-*!,1J / &J '!&J !&,'J J *$,!'&+ !(J (*!&J %**!=JØ'-J%-+,J0 !!,J%,-*!,1J 4567 B@;7 967 :?Y;7 q=>57 C9E5C7 E5;97 *$,!'&+ !(J '*J %**!J &J '*J %#!&J&1J'%%!,%&,>ÙJ J+!= &', *J +(#*J ,J , J .&,>J *!&!($J '&+-$,&,>J &+! ,J '*J 0($'!,+J,/'*#>J *=J,J&!#&J 2#!$>J $+'J *$J '-,J , J #1+J ,'J **J +-++J &J '/J ,'J %#J **J '!= &J!&,*,!.J+++!'&J/+J '/.*J ''*!&,J1J'&J'J, J'*&!+*+>J !++=J $-/-+1'%!>J -*!&J / ! J , J 1'-, +J +#J !&+! ,-$J )-+,!'&+= -+,J((*&J,J, J.&,J/+J +,'*J -&$J !$$!%+J &J .*!'-+J %!&!+,*+=J  J -+,+J '/.*J ((*!,J , J '*&!+*+J '*J , !*J -,!.J &J !%(,-$J *#+,J %,!&J / ! J /+J 'J ,*%&'-+J !%(,J'&J, J1'-, +=J

$!! $"  ("  % $!) %## '



J 1J 'J '&!$!,!'&J .&$!+,!J !&!+,*!+J &,*&,!'&$J C D>J $+'J ***J ,'J +J *'( ,!J &J'$-,!'&J ($J!+J'&$-!&J!,+J +(!$J(*1*J+-%%!,J,'1=  J .&,>J /!, J , J *'J , %J Õ'-$J *.+,J '&*&J 5346Ö>J '%%&J '&J &+1J 44, J (,%*J ,J , J #-&*!&J &,*&,!'&$J !*$J *1*J '-&,!&>J 1&I$J -&,-&>J /J J '>J &>J 1'J ,,J !*!= ,J ,-*J +.*$J +%&,+J !&$-!&J (*'( ,!J !%(*,,!'&+>J +*%'&+>J(*!+J+++!'&+>J(*1*J.!!$>J /'*#*+ÖJ&J%!&!+,*+ÖJ+%!&*+J&J !&,&+!.J (*1*J +++!'&+J '*J !.!&J .'-*= '-&*J 'J , J %!&!+,*1>J *'( ,J $!(-('J -&%!$I '$>J $+'J #&'/&J+JJ#-&*!&J&J', *J &'!&,J $*!+J $'&+!J ++'&J '+($J *,!+,+J ,-*J -*!&J , J :V>64M7>V>5;P

   



*J  '( !$-+>J , &#J 1'-J '*J 1'-*J '&,*!-,!'&J ,'J , !+J '$-%&=J '%J 'J 1'-J $$J ,'J +#J )-+,!'&+J &J 'J &',J /&,J !,J (-$!+ >J -,J J /'-$J .J $'.J!,J(-$!+ J+'J, ,J', *+J/!, J, J +%J!++-+J'-$J .J&+/*+J,'J, !*J )-+,!'&+=J '/.*>J J ((*!,J 1'-*J *! ,J,'J&'&1%!,1=  !+J /#>J /J *J $''#!&J ,J J ,'(!J , ,J -,+J *'++J , J -%&J *=J 'Ö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

'-*&$!+%J $$'/+ !(J !&J ' !&J &J

*+ !(J ,J , J '1&,*J &+,!,-,J 'J

'-*&$!+%>J ,J ,*+-*>J $'*!=J  J $$'/+ !(J*'- ,J,', *J0(*!&J "'-*&$!+,+J *'%J +!0,&J '-&,*!+J 'J , J /'*$=J "'*!,1J'J-+J*J%**!J/ !$J '-,J, *J*J1,J,'=J J',J,$#!&J/!, J'&J'J-+J+'%J,!%@JJ %**!J/'%&J*'%J'&J'J, J'-&,*!+J !&J , J /+,*&J /'*$J J ,/'J ,+=J *J -+&J$'.+J *J+'J*$1>J-,J-+J + J J &'J  !$J , ,J + J $'&+J '*>J + J !+J *!+!&J , J ,/'J ,+J +J *J  !$*&>J -- %BJ J/'&*>J/ ,JJ$!BJ &', *J '&J +J  !$*&@J -,J &',J %**!J -+J , J %&J + J J , J  !$*&J /!, J /+J %**!J ,'J +'%'&J '*J &J + J !J &',J #&'/>J +'J / &J + J #&/>J , J %&J '-$J &',J &1J '*J &J !%+$>J +'J + J &'&J , J %**!J &J .J J ,'J $!.J +J J +!&$J (*&,J /!, J , J  !$*&>J /!, J +'$-,$1J&', !&J,'J'J/!, J, J, *J 'J *J  !$*&=J  &#J 'BJ  J +J J -,!-$J "'J , ,J (1+J *J !$$+=J  J +!&$J $!+J /&,J ,'J J %**!J &J /'-$J !.J &1, !&J ,'J =J  &>J '&J &! ,J, J, '- ,J"-+,J*'++J%1J%!&J &J J+,*,J,'J(*1J'*J, J, *J*'-(+J 'J('($J+J, J'$1J(!*!,J+-(($!J, J @Œ>?458>P

!&J J %J #>J J .J &J /'&*!&>J / ,J J $!BJ  &J J *%%*J / ,J !&J '$'%'&J +!J !&J $+!+,+J <?<J                                            J/J$$J*%%*J, ,J, !+J$!J!&J !+J ,*&+!&,>J J $!.J /J /'-$J  .J {>Œ>?7;979@?7YB9@Y>P7 7ƒ59q79J747q9U45<7 'J&',J+#J%J/ *J+ J!+J*'%>J-,J+ J /'*#+J+'J *J'*J *+$J&J%!$1=J J $!.+J+'J%- J!&J $(!&J,'J-!$J, J '%J , ,J 'J +J !.&J *>J -,J , J -+&J / 'J $!%+J ,'J $'.J *J *$1J &J $'.+J , J '*J /'-$J &',J +J %- J 'J &1, !&J 0,*J ,'J '&,*!-,J ,'J , J -(#(=J'/.*>J+J, J '*J(*'.!+>J J !.+J &*'-+$1J ,'J , J /!=J  J )-+,!'&J !+>J Ø +J !+J '&,*!-,!'&J ,'J , J -(#(J &1, !&J &*J , J &J 'J , J '%AÙJ  J &0,J )-+,!'&J !+>J Ø 'J *,J , J &J !&J , J '%AJ  ,J *J , +J &+AÙJ  J &+J *J +!>J + $,*>J$', !&>J!&J&J-,!'&=J '/J %- J !+J &'- J !&J , +J 1+J 'J E5½4;E957 ;97 CEV>7 89UJ9?;7 ;97 47 J4UExM7 9J7

        0         0               

+!0J/!, J0,&J%!$1J%%*+J$!.!&J /!, J 1'-J !&J , J '%AJ '/J &J 1'-J &"'1J $!J /!, J 1'-*J $'.J /!J /!, J , J -*&J '&J 1'-*J + '-$*AJ '/J 'J 1'-J*,J&"'1%&,J/!, !&J, J%!$1AJ  *J !+J J ($+-*J , ,J *!.J *'%J %#!&J$'.J,'J1'-*J+('-+J/ ! J.*1J %**!J '-($J J +('#J /!, J +!J !+J , J *$J , !&J !&J %**!@J &J 1'-J ,J , !+J ($+-*J / &J , J -*&J 'J &+J *J /! !&J1'-*J+('-+J'/&A J $!.J , ,J , J %&J + '-$J J , J %&J!&J, J '%J!J J/&,+J, J/!J,'J !%+$=J&J '.*J -*&J /!J &&',J +,!+1J 1'-J +0-$$1J -+J $$J + J /'-$J '%($!&J 'J !+J ,!*&++=J  &J + J!+J,!*>J+ J/'-$J,-*&J1'-J'/&J!&J {>67597U4Œ>?7=9q7U@8=7Y=>7x9V>Y7M9@P7 J )-!,J -&*+,&J /!, J *J -+>J q9U>5ŠY7 >U9;E957 ;?ECC>?Y7 9?7 B@;7 9”7 , !*J +0-$J -*J -&$!#J %&>J / 'J *J +!$1J*'-+J1J, J, '- ,>J.'!J&J , J $''#J 'J , J /'%&J , 1J $'.=J J , J %&J !+J !&J !, -$J &J "-+,>J J /!$$J -&*+,&J , ,J 1J , J *+'&J 'J , J 'I!.&J*'$J'J, J/!J!&J, J '%>J + J$*1J +J&'- J,'J'J1J*!&!&J '*, J !$*&>J,#!&J*J'J, J!&>J $', !&>J$&!&J&J+,!$$J'+J,'J/'*#=J  J%&J+ '-$J(*'.!J)-,$1J'*J , J/!J&J !$*&J!J J%-+,J"'1-$$1J $!.J/!, J !+J$'.J/!=J J , J %&J /&,+J , J /!J ,'J !%+$>J J%-+,J)-,$1J(*'.!J'*J *J&J , J !$*&>J&J&',J, J+J/ *J, J /!J!+J*'-(J/!, J, J '-+ '$=J'J U4Œ>?7=9q7YU4xx7=>?7Y=4?>79J7;=>7U95>M7 !+>J , J -+&J + '-$J +(*,J !,J *'%J , J -(#(J $$'/&J '*J , J %!$1=J 'J &',J !&+!&-,J , ,J + J + '-$J +(&J , J$$'/&J1'-J .J!.&J *J!J+ J %&+J '*J &J !&*+>J "-+,J J '(&J ,'J *>J+ J/!$$J*'%J *J *,J,#J*'%J *J+.!&+J,'J-%&,=J'/.*>J($+J '&Ö,J%#J!,JJ !,J,'J!.J *J$++J, &J !,J !+J &++*1J '*J , J %!$1=J  !+J /1>J 1'-*J /!J /'-$J *+(,J &J /'*+ !(J 1'-J '*.*J !J 1'-J !&J '&'-*J &J  *!+ J *=J %%*J , ,J "-+,J +J 1'-J /!+ J ,'J &"'1J , J %**!>J +'J '+J , J /'%&=J!, J, !+>J1'-J/'-$J .J+,JJ ''J0%($J'*J1'-*J !$*&>J-+J M9@74?>7;=>7?>½>8;E9579J7U4??E>6789@Bx>7 , ,J, 1J+=J 1J+J%**!J, *'- J 1'-=J'J, J*! ,J, !&J&J1'-J$!!,J *J (*1*+=J 'J /!$$J '&'-*J *J (*1*+J 4567 M9@7 qExx7 {>7 ;=>7 {>Œ>?7 J9?7 E;P7 ²>;>?7 6?:=J'J$++J1'-J+J1'-J'J, +J, !&+=JJ

( #!'$ #"!#" #')



J &/$1J !&+,$$J (*+!&,J 'J , J',*1J$-J'J&!'&'>J !+,*!,J <443>J !*!>J ',*!&J *J $-+!>J +J -&#J !&+!&-,!'&+J !&J +'%J )-*,*+J , ,J , J $-J!+JJ+*,J+'!,1= 6>x@YE7 q=97 U46>7 ;=EY7 8x4?E:84;E957 Y=9?;xM7 4§>?7 =>7 q4Y7 E5Y;4xx>67 4Y7 ;=>7 ³¯7 (*+!&,J'J, J!+,*!,J+!JØ!,J!+J-&!*J ,'J, !&#J&J(* J, ,J',*1J$-J!+JJ +*,J+'!,1=J Ø '+J/ 'J'J'-,J/!, J+- J&',!'&J *J'%($,$1J!&'*&,J'J/ ,J, J$-J Y;456Y7J9?P7 ;7EY7478x@{7;=4;7EY789UUEŒ>67 ,'J -%&!,1=J J.!+!'&J'J, J$-J!+J,'J U4ƒ>7=@U457xEV>Y7{>Œ>?‡  !$J &',!&J , ,J %&1J ('($J .J

**!&J*'%J"'!&!&J, J$-J+JJ*+-$,J 'J Ø, !+J %1'(!J (*(,!'&Ù>J J -*J /$$I%&!&J !&!.!-$+J ,'J /*%J -(J , J$-J&J!,+J.$-+= JØ J/!$$J$!#J,'J(($J,'J!*!&+J/ 'J .J''J *,J,'J* J'-,J,'J, J$-J &J +-(('*,J !,J !&J &1J '*%J , 1J '-$J -+J / ,J , J $-J +,&+J '*J !+J '*J , J '.*$$J !&,*+,J 'J $$J !*!&+=J J q45;7{>Œ>?7xEJ>7J9?79@?7B>9Bx>74567;=4;7EY7 '-*J+'&J&J'-*J *,J*1>ÙJ J+!= JJ'&,!&-J, ,J, J$-J!+J&',JJ($J '*J('($J,'J%#J%'&1J-,J*, *J'*J ('($J/ 'J .J&J$++J,'J+(&J %'&1J&J $(J, J$++J(*!.!$= Ø'-J '&Ö,J .J ,'J J J +-(*I*! J (*+'&J ,'J J (*,J 'J , J $-=J  ,J !+J

!%('*,&,J !+J J *,J '*J +*.!J &J J *,J,'J $(J$$'/J -%&J !&=J  ,J !+J/ ,J/J(* J, ,J!+J/ ,J/J+,&J '*Ù &J !+J,&-*>J J+!>JØJ*J'!&J ,'J '&,!&-J ,'J *&*J -%&!,*!&J +*.!+J,'J('($J*'-&J-+=JJ .JJ .!+!'&J,'J $(J+ ''$+J!&J'-*J!+,*!,>J $(J '+(!,$+J &J $(J , J $++J (*!.!$=J -*J+ '$*+ !(J+-(('*,J'*J+,-&,+J/!$$J '&,!&-J&J/J/!$$J(*'.!J++!+,&J ,'J, '+J/ 'J*J&-!&$1J!&J&=Ù $-+!>J &J &$!&J (*!+,J !+J J  =J *+* *J !&J &-+,*!$J *&!+,!'&$J +1 '$'1J,J, J&!.*+!,1J'J '+=JJ =9x6Y7478=4E579J76>C?>>Y745678>?;E:84;>Y7 *'%JJ&-%*J'J!+!($!&+=




        

    

            $   #$%  $ ! &% " "!"&#* " *  !( * * # $%     !& ' $ !%# ! !&#   *  * ! % #%$% $ $"#!%!"!" " " "  #    #!&  % (!# (% # &$ ! %  %(! # % %!#$  % % &$%! &          % (% 

   #' !( $  %!&#$!  $#(*$'#%!"#%$%$ * " (!$%#% %&#' %!#%$&#(!#%!$ # #"$%&#$ )#"%$  & & &   & &  &  &   &    &  "& &    &  &     & &  &  #& & &  &  &   & &  &  "&   &  &  # <  "&#< # (&< !(&'%,< , &< )")< !"% "(&,4< , " #%< # '"< ' B4Y;7 M B M>4?Y<7 7 69”7 UM7 M =4;7 E57 ?>YB>8;7 B '"< '< #"!%&< # "< "&#<  # (&< < '!<*"<%<&'<)%,<%)!'<'",3 , , !< '% &< "< '< $ $(',< , "< "!'!'4 #%"('"!<!<#%&!''"!4<*<) # %',<)")3



& & &  &  &   &   & & & 

 & &  &     "&  &  "&  &     &   # < '!< *< )< %)< )%  &(##"%'<('<!"'<,'<'"<'<#"!'<*% ## , # *<!<%+<!<'#<!3< & &  & &  &    & &&  &#

!< # #%'< + # #< '< '"< "&#<  # (&< &< <    "%!&<  ,< , &'"%< (< %&!< "<'<"(&<"!<'<"4<*<"&< )%,< , , ,%< !< '< %!&<  "< !< !'%!'"!< "&#<  # '&< '"'%<  "! '<& <#'"% # 3< '%&<%< "%<"< *"%< &< #%"% #  &< *'< "%< #%%&<!<<!(<"<"&#<'&3   &  &  &  & &    &  & &  &&  & 

&  &  &  & &  &    &  & &  &  & &  " & & &  &  &   &      && &  !& &&    &&# &4<'<&<)%,<'%(5<%" , <'<&<"< '!,<"(&'"!<'"<"(%<"*!<%%,<4 , , '&< #"#< # # &'%'< %" < '< (% ('< &""!< "(!< %!%<  #&'(%&< # &*%< (< '"< < "'< "< '!&<  ' (%< &< , ,'< '"< %&3< (&< &< < )%,< , #"*%(4< # ,'< , "(< <  '""< "%< *#"!4< # #!!< #  "!< *"< &< !< "!'%"<"<'3<'<&<*,<'%<&!7'<! , "&"!< ''< (&< &< !)%< %$(%3 $

!,< , %'&'&< *"< &'%'< %" < ' (%< ('< '%< %"&&< ")%< < &"< "('<"<%(&'%'"!4<<"<##%'"! ## ('< "%< #"%'!',4<<"<<%% # , !<(%<*'<'%< (&3< & & & "& &  & &  && #& & & & &  & 5==4;.<04[09470+.+03<52<+C04r> <&'%'<"('<&!!<&!<'<<"<    "(%3<<"!<%"(#&<!<(%<"%&3<



< <!'"<'<!(&'%,<&!!<!& ,    !< *"%!<  *'< )%"(&< %'&'&3<  &"< *!'< !'"< ',< , < &"*<  !< 0..24< 8 "< %&'< !94< "% ?>x>4YE5C7UM7:?Y;7=E;7YE5Cx><    && & &   #  < ;< !< *'< "< !,'!< & #"&&5<  && &  && &     & &  &  &    #

,< , )< '"< '< !+'<  !%'"!< "< C9YB>x748;Y74?>Ë7 59q7 967:?Y;<7U45M7 C B M ,"(!< ,  %'&'&< %< "%< %%< *, , ,<'<'-<!< ,  <'!<%'%<! %)!3< )< < )&"!< !< % 4 :567 47 U>5;9?<7 ƒ59q7 M9@?7 M 6E”>?>58>< )< !< ,"(%&< , !< !)%< )< (# "!<,"(%<% 3

< *!'< '"< < %  % "%< ",< %)"('"!< ! %'!&&3< & & &  &   # <  '< , ,< !&#%'"!< # %" "7&< *"%4< #%&"! # +#%!&4< # !< ##!!& ##  !< '< )&< "< "'%&< ! &" ' &< ,<!)%"! !'3

  & & && 

&& & # <*"%&#<*'<%!',<"(& # , !< , ,< &'"%<&< &'"%<'( ""3   &   & &  #& & " & &  & & & & &  $ %&  &  & # < )< < "&< "< !" !'"!&<('<!"!<,'3 , 3<!  & & & &  & '< (&'< "!(< %,&' , ' && & & # *%&4< < *&< !" !'<

,< , !&< &"(< +#'< # "% E57 ;q97 84;>C9?E>YÁ7 C >>Y; !&#%!< #  &"((< &"(!&< %" < 3< <  < "&'< !< &'< %!',<(&'<#('<(#< , # # ,<)"<'%!! ,  ?4EY>795CP 9@;:;<7  7 984x7 =9B<7 B q=E8= &#&&< # !< #!< #  &!%&:%'&'&   &   & & '"< )"#< !< #%'< '%< &!! & &  & &  &  & ',3<  & # < *< < , ,< !&< '" "< &   &  &   &  !"*<''<<%!',<&"' , '   && # < )"< "< "!< "< , ,<

!<( <&"<%<!<'<*&<%&< &"!&<  ''4< 6 (; (73< 4567Y9x67E57;=>75E;>67 E5C69UP '<&<<")<&"!<!<'<&  "!<'"<<"!<   ,<"%'; , & & & &  &&  " !<  ( < ''4< 6 &  & &  &&&   <" !73<6 (;< (7< & # *< '< '< %*)&< !

,< , )"(%'< &"!<  "!< '< ( < & < "(#< # "< *&4< &" Y;Exx7 >UE4?4Á7 ;=>7 E5YBE?4;E957 B 84U>7 # #&<*'<"('5<<6 &< < *&< *!<  "*!< '< %"4  <" !7<( <* %(&'%'< '< , ,< !,< , (%&< !< &"<<(!<"% &##"!' ## !'&3< ('< "< %&&(% '< !< "< 0./13< & < ''< '< *&< < "!<   '"< '(%!< "(' ( < &< '< '"< %'<!<&#'<"< ,<+#%!&3 *" !<!<'<&<< (&'< )<"%<)%,<*" !  & & & && &    "('<'%3 #






         

              

 $ &  & +$

?+&& +$ 



? -#)? # #+? (? $? &? -#)? !#&?  -? (#? #>#$&(? +(? #(&'? "? (6? #(? "''& -4? #&"? (#? &'&? "(#? '# ? *#)&? -? $'-# #'('? (? (? "*&'(-? #? '(? " 894? "? (? "(? "#!4? +?+'?$) '?"?"? -3 ?'()-4?$) '?"?(?))'(?'')? #?(?#)&" ? &'#" (-?"?"*) ? E”>?>58>Y<7Y=9qY7;=4;7B>9Bx>7q=9769759;7 #"#&!?&?!#'(?  -?(#?+#&?(#(&? #&? (? &(&? ##4? + ? #"#&!"? (#?'# ?"#&!'?"?() -?!?$#$ ? x>YY7xEƒ>xM7;97899B>?4;>7747:56E5C7q=E8=7 ')&$&'?(?&'&&'?"?#) ?*? !$ (#"'? "? (? +#&$ ? #&? (!? '"?"?#$&(#"'?!"!"(3 #&"? (#? (? $) (#"? 4$'-# #'(? &? &'?  !"? "? #"#!'(? &#?" ?..#4?#?(?"(&? #&?*#)& ?"?,$&!"( ?# ? "?(?4?#")(?"?,$&!"(? E57q=E8=7;=>M7:?Y;7U>4Y@?>67B4?;E8EB45;YŠ7 #"#&!(-? * '?"?("? (?(!?$ -? ?!?+&?(-?#) ?##'?+(&? ;97 895;?E{@;>7 :5458E4xxM7 ;97 ;=>7 B@{xE87 ##3? ? (+'(? +'? ((?  (#)? #> 9B>?4;E957q4Y7U@;@4xxM7{>5>:8E4x<7{>E5C7 )"#>#$&(*? #) ? $&#)? &(&? B>?Y954x7 C4E5Y7 {>84@Y>7 9J7 9;=>?7 B>9Bx>ŠY7 "&#'(-3 4?;E8EB45;YŠ7895J9?UE;M7q4Y7U>4Y@?>67 -?#+?!)?(-?+'?(#?#"#&!?(#? '# ?,$((#"'?"??'"?"??$#'(*? xEC=;<7ƒ59q574Y7¹Y98E4x76>YE?4{ExE;MŠP7=>M7 #!$ (? ? '("&'? !')&? "? q>?>7 4xY97 4Yƒ>67 4{9@;7 ;=>E?7 4ŒE;@6>7 (#+&'? $-"? (,3? #$ ? +#? '#&?  -? #"? '# ? '& (-? &? !#&?  -?(#?#"#&!4?#&?,!$ ?-?$-"? (,4?"?&?+(?#(&'3??&'&&'? ,$(?((?(-?+#) ??!#&?  -? (#?#>#$&(?'?+ 3 #&? (? !4? $&'? #? $&($"('? !(? #&? #"#&!(-? ? (#? ? #+? !)? (#? #"(&)(? (#? ? )"? #&? (?$) ?##4??'! &??(#?$-"? (,'?>>?"*) '?$-?"?"?*&-#"? {>5>:;Y<7 J9?7 >X4UBx>7 J?9U7 Y>8@?E;M7 4567 $) ? #&&4? )(#"? "?  (&3? 57;=>7:?Y;7B4?;79J7;=>7>XB>?EU>5;7=EC=xM7 #"#&!"? $#$ ? '((? (-? +#) ? ?!#&?  -?(#?$-?(,4?)(?)&"?(? !? +"? '? (#? '&? !#"-? #&? U@;@4x7{>5>:;7;=>7Y4U>7B>9Bx>7q>?>7x>YY7  -?(#?'&3 ? &'&&'?  '#? +"(? (#? "#+? ? "#)&!"(? (#? #>#$&(? +#) ? "&'? #"(#"'4? '#?  ? #? (? $&'? #? $&($"('? +&? $&'? #&? &(&? "*'(!"(3??#" -?&#)$?(#?'&?!#&? !#"-4? "? (&#&? &"? !#&? !#"-4? +&? (? #+? #"#&!(-? &#)$? +#? &*?('?$$&#* ?3 <#"(&&-? (#? #)&? $&(#"'4? #"#&!(-?#'?"#(?%) ?#>#$&(#"4=? '? &?  !"3? <# ? '& (-? '? 457EUB48;7957{>=4VE9@?7E57;=4;7E;769>Y5Š;7 () -? ?(#?$#$ ?#>#$&("?!#&3 ‹ >?>7q>ŠV>7C9;747U>4Y@?>79J7B>9Bx>ŠY7 #>#$&(#"4? +? #) ? $$ -? (#? "-? YE;@4;E957 q=>?>7 M9@ŠV>7 ;q97 9?7 U9?>7 $#$ ?+#?&?(&-"?(#?#>#$&(?"?"? 48;EVE;MP79?7>X4UBx>7E5747q9?ƒ7Y>ŒE5C<7EJ7 -#)?&?$&(?#??(!?+#&"?#"??$&#(? -#)? ,$(? *&-#"? (#? $)(? (? '!? >”9?;7E57;97;=>7;4YƒP7=>7>XB>8;4;E957EY7;=4;7 $#$ ?+#?&??"?'# ?'& (-? qExx7 895J9?U7 ;97 ;=>7 >”9?;7 9;=>?7 B>9Bx>7 4?>7B@ŒE5C7E5;97;=>7;4Yƒ<7{@;748;@4xxM7;=>7

+ #"#&!"? $#$ ? !-? ? ''?  $) ? )'?(-?(?(&?)?&#!?(? ''?  $) ? !!&'? #? (? (!3? -? &? #"#&!"? (#? (? $&'#"? +#? '? "#(? "''& -?+#&"?((?&3= <?'#!#"?'? ''?#"#&!'(?(-?!-? ;4ƒ>747x>4674567B@;7E57U9?>7>”9?;<7Y97;=>57 #(&'? !-? ? $&$&? (#? $)(? "? !#&? >”9?;7 ;=>UY>xV>Y<7 4567 ;=>7 E56EVE6@4xY7 4567;=>7;>4U7{>5>:;P795J9?UE;M78457{>747 ##?("?#&???("4?$""?#"? +(?-#)?&?#"#&!"?(#3= &#? ..#? 5? <"? ('? '()-4?  (#)? $#$ ? +#? &?  -? #"#&!'(? !(? '((? (-? &? !#&?  -?(#?$-?(,4?#"#&!(-?!-4?"?(4? *? !? (!? )"  -? (#? $-? !#&? ("? (&? $&("&? $? $&*#)' -3? -? #"(&'(4?(? ''?#"#&!"?"*) '? q>?>7 qExxE5C7 ;97 EC59?>7 ;=>E?7 B4?;5>?ŠY7 "*'(!"(?"?(#?"*'(?!#&?+"?(-? +&? "#)&? -? (? $$&#* ? '#&3? '? ? (#? &(&? "*'(!"(? #&? #(? 4567;9747VE?;@9@Y78E?8x>79J7U@;@4x7{>5>:;P‡ 57 4?;E8x>7 {M7 89Œ7 455>5{4@U<7 89Œ7 EY7 ?>YE6>5;7 4567 99@56>?7 9J7  ? "? '(&#" -?  *'? "? (? $#+&? 9J7 89xx4{9?4;EV>7 >”9?;7 4567 =4Y7 47 ?E8=7 '(#&-? #? +#&"? +(? $&("&'? +#? #!$ !"(? #)&? ' '? "? ,$&('3? "? =EY7 4?;E8x>7 7 957 ;>4U7 >”>8;EV>5>YY7 7 ;E;x>677 ? (!? '? ? (!? '? ? (!4? &(6? #(? "''& -4?'(('?'?# #+'53? >8>5;xM<7 q>ŠV>7 {>>57 q9?ƒE5C7 qE;=7 ? &4? + >"#+"? #&".(#"? ((? '? !")()&"?  ('? &#)"? ;=>7 q9?x6P7 >Š?>7 >X4UE5E5C7 ;=>7 q4M7 (-? '"4? $&$&4? !')&4? &+&4? "? !"? (&? *&#)'? (!'3? "? 9{Y>?V4;E957 q>ŠV>7 U46>7 ¼7 q=E8=7 q>ŠV>7  '#?"#(?"?#(&?#&".(#"'?>>?'?(? (""-?(#?(&(? ?+#&?(!'?+("?? x984;E957YEUEx4?xMP7@;74?>76E”>?>5;7;>4UY7  +-'?'! &?"#)?(#?!&(?#!!#"? (&(!"(6? >4UY7 8457 6E”>?7 E57 5@U>?9@Y7 q4MY<7 '#!?#?+?&?!#&?!$#&("(?("?

$& #(&'3? #&? ,!$ 4? (!'? "? *&-? -? '.? "? +(&?  ? (!? !!&'? &? #> #(3??"#+?&#!?#(?&'&? "? ,$&"? ((? (#'?  !"('? "? U4ƒ>7 47 6E”>?>58>P7 @;7 Š67 xEƒ>7 ;97 J98@Y7 #"? "#(&? ''? #*#)'? )(? &( -? EUB9?;45;7 V4?E4{x>7 ¼7 ;>4U7 U>U{>?7 "(&$""-3? #? +(? ,("(? !)'(? (!? !!&'? & -? #"? "? ##&"(? +(?#"?"#(&?(#?"')&?(&?#+"?"? ;=>E?7;>4UŠY7Y@88>YYÓ ? ? '$#&('? " #-? !-? ?  $) 3? >;ŠY7 895YE6>?7 ;=>7 6E”>?>58>Y7 {>;q>>57 ? +&'( "? (!4? ? ' ? (!4? "? ? '#&? (!3? #+? !)? #? (!? !!&'?& -?#"?#"?"#(&?"??#? ('?'$#&('6 ? ?>?"?!()&?+&'( "4?(!? ')''? '? (&!"? -? "? )$? >48=7 E56EVE6@4x7 q?>Y;x>?ŠY7 E56>B>56>5;7 B>?J9?U458>P7 =>57 ŠU7 957 ;=>7 U4;7 q?>Y;xE5C<7 UM7 ;>4UU4;>Y7 845Š;7 697 "-("? (#?  $? !? 8,$(? &93? ? !-? ?  ? (#?  $? ? #(&? !$&#*? (+"? $&#&!"'4? )(? +"? (? '? ;EU>7 ;97 697 UM7 ‹}9{<‡7 ŠU7 957 UM7 9q5P7 (?# (* -4?'??(!4?#)&?')''?'? !')&?'?(?)!) (?'#&?&#!? ? #? #)&? "*) ? $&#&!"'3? 9>Y5Š;7;=4;7Y9@567YEUEx4?7;97U45M7Y4x>Y7 (!'6 ? >??#+?#)(??' ?(!6? &?&?'#!+(?&(&?##&"(#"? &%)&!"('? !#"? ' ? $ -&'? ("? +&'( &'3? #&? ,!$ 4? (? '#"? '!"? "? '#&('(#$? & -? #"? #"? "#(&? (#? ()&"? ? #) ? $ -4? "? 9@;:>x6>?75>>6Y7;97ƒ59q7q=>?>7;=>78@;9”7 !"? + ? ? '(""? +"? ?  ? '? (? (#? (? $4? "? (? $(&? "? (&? "?(#??#"?(?'!?$?(&#)#)(? ;=>7 C4U>P7 >;7 q=>57 ŠU7 =EŒE5C<7 ;=>?>7 EY7 xEŒx>7 UM7 ;>4UU4;>Y7 8457 697 ;97 =>xB7 U>7 G@5x>YY7 ;=>M7 4?>7 ‹Y;>4xE5C‡7 YEC5Y7 ¼7 59;7 &#!!"793? #4? #"? ? ' ? (!? '#!?#?(?$#'(#"'?*??"()& ?"? #&?##&"(#"4?'#!?*"('?(&&?(?

"? #&? ("? ##&"(#"4? "? '#!? (''? &?  -? "*) .4? "$""(? ''"!"('3? &$'? ('? '#)"'? '! &? (#? ? $&#(? (!? ((? M9@ŠV>7{>>5795Ó ?>?"?#"(&'(4??'#&?(!?'? *"? !#&? "(&$""'3? (? '? *&-? 6E~8@x;7 J9?7 47 Y;?Eƒ>?7 ;97 Y89?>7 qE;=9@;7 (!!('? +#? "? $''? !? (?  ? (? (? &(? (!? "? $ 3? '4? &(? "*) ? & "? ' '? &? &%)&4? {@;7 47 Y;?Eƒ>?ŠY7 4{ExE;M7 ;97 Y89?>7 EY7 C?>4;xM7 E5½@>58>67 {M7 =EY7 ;>4UU4;>YP7 EUEx4?xM<7 (?"'?!)'(?(?'?#"?##&"(? @5E;7 ;97 >X>8@;>7 457 9”YE6>7 ;?4BP7 567 E5;>?>Y;E5CxM<7 Y988>?7 ;>4UY7 9§>57 469B;7 47 $&() &? '(- ? #? $ -3? #&? "'("? (? ( "?"(#" ?(!?("'?(#?$ -??*&-? 6E”>?>5;7 Y;Mx>7 ;=457 69>Y7 ;=>7 ?4¾ExE457 (!?8(&?&?'*& ?"(&'("?##'? #"? (? & (#"'$? (+"? '#&? "? "(#" ? ) ()&'39? #)? ""#(? '!$ -? $ )? "? ? &(? $ -&? "? ,$(? &(? B>?J9?U458>7 EJ7 =>7 69>Y5Š;7 Y=4?>7 457 @56>?Y;456E5C7 9J7 ;=>7 ;>4UŠY7 Y;Mx>7 ¼7 Y97 #"? '? &( ? (#? '( '? #!!#"? ,$((#"'? "? &# ?  &(-3?  ? (!'4? !&"-? '%)'4? "? '#!? q9?ƒ7 ;>4UY7 9§>57 ?>µ@E?>7 Y@8=7 Y>4Ux>YY7 899?6E54;E957 4567 YU99;=7 =4569”Y7 4Y7 + 3     ? >? ##&"(#"? &%)&> !"('?*?'(&#"?!$ (#"'?#&?(!? >”>8;EV>5>YYP7 =>M7 E5½@>58>7 =9q7 ;>4UY7 '#) ??' (4?* #$4?!')&4? !"4? "? &+&3? #&? ,!$ 4? +"?"?#$""?#)&'?#"??(!?+(? #+? "(&$""-4? -#)? "? #)'? #"? &"? ? $&'#"? +(? (? '(? <$#'(#"=? YƒExxY7 G4Y7 x95C7 4Y7 ;=>M7 4?>5Š;7 6EY?@B;EV>PI7 )(?+"?(&?'??"(&$""-4? (?'? '#?*&-?!$#&("(?(#?#"'&?#+? + ? (? "+? (!? !!&? + ? !'? +(?,'("?#"'3 &#!? ? (&""? $&'$(*4? 899?6E54;E957 ?>µ@E?>U>5;Y7 9§>57 6E8;4;>7 +&? (!? (&""? '? "3? (? !)'(? ?(!?!!&'?"#+?"?$#''''? ? #!!#"? )"&'(""? #)(6? (? !)'(??+?(!?!!&'?? ?(#?#? (#(&?'! '' -6 ? #)? "?  '#? '? #+? (!? &+&'? !)'(?  "? $&#$& -? +(? ##&"(#"? !"'3? +&"? #*& ? (!? $&#&!"? +"? (? <(!=? '? & -? )'(? ? # (#"? #? "*) '? +#&"? )(#"#!#)' -? 8"? (4? (!? &'&&'? q9@x65Š;7>V>5784xx7;=>U747;>4UI7qExx795xM7 &)'(&(? $#$ 4? '? (? (!? !!&'? =4V>7 xEŒx>7 4{ExE;M7 ;97 =>xB7 95>7 459;=>?7 "?!$&#*?(!?$&#&!"3?!"? "??&(?+&'( &?#"??$##&?+&'( "? (!? +(? -#)&? <#")'=? #"(""(? #"? ;=>7 ;>4U7 qE55E5C7 E;Y7 U4;8=>YP7 9@x65Š;7 -#)?+"(?(#? *6 ? &? &? ? +? )') ? %)'(#"'? (#? #"'&? +"? +#&"? +(? #&? #"? ? (!5 ? /3? ? (? (-$? #? (!? '? ('6? #&? '! &? (#? +&'( "6? ' 6? #&6? >ŠV>7 =>4?67 B>9Bx>7 Y4M7 ‹q?>Y;xE5C7 $ )'=? (#? '&? ? (!? ((? '? !" -? "*) ? )(? '? !#&? ##&"(#"? &%)&!"('?("??+&'( "?(!3?"? ? ")? #&? #!$&"? (!+#&? !"'3? 03? &? (&? &("? $#'(#"'? #&? (!? !!&'? ((? & -? "? (#? ##&"(? >”>8;EV>xM7J9?7;=>7;>4U7;97Y@88>>6Ó7=4;7 &?(?-?-'?#&?')>&#)$'?((?*? &(&?"(&$""6? 13?&?(&?&("?(!'?#&?#"(#"'? +"? &(&? ##&"(#"? '?  ? #&6? "?#?##&"(#"?!"'?("?(#? '$6?(?&('?((?"6 23??'?(?+-?+?&?' ("4?(&""4? !""4?"?&+&"?(!?!!&'? + ?  "? +(? (? ##&"(#"? &%)&!"('6? (? "'? !(? ? {>5>:8E4xÓ




        

     

   

        



)H $H !!$#'(H +H #H $""$#?H)H(H)H))H).H 697 {>Œ>?7 ;=457 45M95>7 >xY>Ó7 .H$H,H"'H)";H$'H )'H $"%#(CH %'$*)(H #H ('+(;H ($H"*? C+H(%#)H($"H)"H)'.#H)$H#).H $""$#H )')(H #H )H $'(H !()H $H !!$#'(H #H $)'H ("!'H !()(H $H )H ,$'!C(H ,!)():H C"H %')*!'!.H E5;>?>Y;>67E57:56E5C7B4Œ>?5Y7E57;=>7;MB>Y7 $H%$%!H,$"H H'(%):H )C(H!((H$*)H !!H))H$*H).C+H*"*!)H)#H 4{9@;7{>Œ>?7@56>?Y;456E5C7=9q74567q=M7 ).H"H)'H$')*#(: )H )*'#(H $*)H )'H 'H "#.H ,.(H )$H " H H !!$#H $!!'(<H '!H ());H #+()#;H "#H #H #)')#"#);H ')!;H)#$!$.;H#H$$H$!F($#H #')#:H *)H )H "$()H #)'()#H @#H "$()H '(%)AH *(#(((H #H %'($#!)(H 'H !($H )H $#(H ,)H )H ()'$#()H #H "$()H *)#)H %*'%$((H #H )":H .H *(#((H %')#';H 4;Y7 >6>?=4@Y>5<7 q4Y7 95>7 9J7 ;=>7 :?Y;7 +$)(H H #,H $H %*'%$(F'+#H *(#((H #H #)'%'#*'(%:H H ')H

)(H ,)H !%#H "H *#'()#H ))H B@?B9Y>7 EY7 5>E;=>?7 Y9U>;=E5C7 Y9§7 59?7 Y9U>;=E5C7 9V>?xM7 x9§MP7 5Y;>46<7 B@?B9Y>7 (H)H'H,.H$HH*(#((:H!!H$H*(H *#'()#H )H ,)H $H #.H (*((*!H *(#((;H*)H,)H$*)H)H,.? !H!!$#'(H#H)'H$"%#(H 'H * )H $"%#(H .H #*()'.H @::H )H,)H$H)H$"%#.A;H H!+H))H )'H'H)'H)$'(H$H%*'%$(H))H 'H #)'()#H )$H $('+;H #H $#('H ,H $#H $"#)(H .$*'H $"%#.C(H "(($#:H'H).H'< ª:H  #H)H,$'!H"$'H*)*!: ¨:H  #H)H,$'!H"$'H*#: ³P74ƒE5C7;=>7q9?x67U9?>7>~8E>5;74567 ("'): ª:H  #H )H ,$'!H "$'H *)*!:H (H 'H )H %$%!H ,$H " H *(H !$$ ;H );H #H !+H "$'H *)*!!.:H )H EY7 47 {?9467 6>:5E;E957 9J7 9@;>?7 4567 E55>?7 *).:HH()H'H!H)$H" H*(H!$$ H #H !H $$:H H *).H )$'.H $H

  !!$#'(H #!*(H )H !''F)#F!H J4Y=E957:C@?>Y79J74xB=74@?>5<7>?54?67 '#*!)H@$H  A;H#H'#)!.H"#)H !!$#'H$'.H*':H )H(H)*!!.H&*)H "/#H)$H(H$,H"#.H$H)H,$'!C(H '()H$"H'$"H)H($#;H')!;H#H (#H,$'!(:H#H)#H)'H'H)$(H ,$H'#C)H-%!)!.H#H)H(#;H().!;H$'H *).H*(#((H*)H#$#)!((H#).H ()'$#!.H ,)H )(H )"(:H %%!;H $H $*'(;H(H)H%$()'H!H$'H)(H)$(;H(H E;7B@;Y76>YEC57:?Y;7J9?7>V>?M;=E5C7J?9U7E;Y7 Y9§q4?>7;97;=>7E56@Y;?E4x7>5CE5>>?E5C79J7 %'$*)(:H$'H%%!;H)H(H#$)H*()H(#H ;=4;7U4Œ>?Y7Þ7q=4;ŠY7B4?4U9@5;7EY7@YE5C7 (#H)$H$##)H)$H)H*(': .$#H *).H (#(H ,)H $*'H ()H #H)$*;H)'H'H)H$*#'(H#H)(H )$'.H,$H+H$*(H$#H$*'H##'H *).H #H !):H #;H )'H 'H %$%!H! H"H!* .H@)H*' (H $*#'H $H $#H ' H $*')AH $'H )H $*#'(H $H H +').H $H $)H #H B=4?U48>@;E84x7:?UY7q=97=4V>748=E>V>67 )(H )'$*H $*(#H $#H )H %*'%$(H $H !)'H,.(H$'H*(H)$H)H#H!+: ¨:H  #H )H ,$'!H "$'H *#:H #H #"H ))H (%'#(H "")!.H )$H UE567 EY7 E8=4?67 ?45Y95P7 EY7 UEYYE957 #H %*'%$(H #)'H '$*#H *#H #H %!.:H (#.H (H #$)'H $#H ))H (H ?>6>:5>67 ;=>7 >5;>?;4E5U>5;7 >XB>?E>58>P7

*)H %'%(H ".H %'($#!H +$*')H $H H !!$#'H $*#'H ,$H (H (%'H (H ')+H *#H '$*#H )H ,$'!H (H '&*H *H $!!H $*#'H *.H !')0:H

 #H)H,$'!H"$'H*#H(H#$!H#H ')(H ')'H %%#((H $'H *(H !!:H H !!$#'H$*#'(H,$H)H)(H#H,$H +H (*H #H $#H ($H !%H )$H %*)H "$'H("!(;H"$'H!*)'H#H.(;H"$'H J@57E5;9747q9?x67;=4;7EY7;9979§>576@xx74567 "*##:H*#H(HH$$H*(#((H"$!H FFH #H )H $(H #$)H #H )$H H H !!$#F $!!'H#)'%'(:H )H(H%'%(H*(H)H (H'!)+!.H(.H)$H)# H$H("!!H,.(H)$H ')H*#H))H)H(H+#H"$'H"%'((+H ,#H %$%!H (*H (H )(H 'H !H )$H (!H*#H$#HH"((+H!+!: ¬:H  #H )H ,$'!H ("')';H "$'H >~8E>5;<7 4567 U9?>7 ?>x>V45;P7 =>?>7 4?>7 "$'H D #$,!H ,$' '(EH )$.H )#H +'H $':H #H )(H ,$'!;H ,H +H !!H $"H "!'H ,)H )H )#$!$.H #H #)'#)H "$*!(H @::H ''.H !!($#;H !!H )(;H '.H '#;H #H ''.H AH ,$H +H !%H )$H " H *(H ("')';H J4Y;>?7 4567 U9?>7 >~8E>5;7 E57 9@?7 64ExM7 !+(:H $#H ,$' H +H ('H $$!H $(H +'(*(H H ,$'H %'$(($'H +'(*(H H ;MB>q?E;>?7Þ7M>Y<7q>ŠV>789U>747x95C7q4MP7 H $##)H ($!H $#$".H #H )(H $"%#(H ! H $$ H #H #  #H 'H!!H$*)H$,H,H#H)'.H)$H$H"$';H

()':H)H(;H)(H$"%#(H!!$,H*(H )$H +H "$'H $""*#)$#H "$"#)(H #H+'F($')'H)"H("#)(:H#H)'H 'H !($H #$'")$#H #H "H "$*!(;H ! H  H !$$"'H $'H )H $"($#H J4UExM7 {>=E567 =9UY957 >@;>?Y<7 q=97 69UE54;>7:5458E4x74567x>C4x7E5J9?U4;E95<7 '(%)+!.;H #H 'H +,H (H #H "(($#H ')!H )$H %'$(($#!(H #H )$(H :>x6YP7Y7;=>Y>7:?UY7>54{x>7U9?><7J4Y;>?<7 #H ("')'H )'$*%*)H $H #$'")$#;H H!!#H,!!HH)$H"#)#H'!+#.:H (H"$'H#H"$'H#$'")$#H(H)'$,#H 4;7@Y<7q>74?>759q7E?95E84xxM79§>57Y>>ƒE5C7 !((H #H !((H $H ):H #H )(H (H %'%(H ,)H)H#-)H')H,+H$H)H#H#$H {ExxE954E?>Y7 qExx7 466?>YY7 Þ7 4Y7 8@?4;9?Y7 q=9Y>7 B@?B9Y>7 qExx7 {>7 ;97 :567 C?>4;>?7 "##;H $#)-);H #H '!+#.H #H )(H "((H#$'")$#H,$'!: $;H ,!H )'H 'H "#.H ,.(H )$H " H "$#.;H )'H )#H )$H H ($"H 89UU957 B4Œ>?5Y7 9J7 =EC=>?7 B@?B9Y>P7 H )'H %*'%$((H !!*()')H 'H !%H -%!#H ,.H #H $,H ($"H $H )H q9?x6ŠY7 q>4x;=E>Y;7 =4V>7 C9Œ>57 Y97 ?E8=<7 #H"H$*'H!+(H''H(H,!!:H(H )'H %*'%$(H )$'(H ! !.H !*'H )H )"(;H #H ')#!.H $F-()H #H )'"(H $H )H *!)*'H #H +!*H %'$%$()$#(H $H )H )'*!.H ')H $"%#(:H *)H )H ) F $"H !(($#H (H )$H ( H .$*'(!H ,H $H )(H%*'%$((H.$*H'H,!!#H)$H()'+H)$H $"H )H ($!*)H ()H ):H $"%#(H #H $*#'(H ))H " H H (#*!'H #H *#,+'#H $"")"#)H )$H -!H !$#H #.H $H )(H )'H %*'%$(H "#($#(H #$)H$#!.H+H)H#H)$H" H$*'H!+(H {>Œ>?<7{@;74xY97;97x>4V>7457EUB?E5;79579@?7 *!)*';H$#H$,H,H+,H#H-%'#H )(H,$'!:H)H#H).H")H*()H#H *%H(H!!$#'(: & & &  $& & & & & & & & HGP>EGRD F<TD KJD GRR~D ‚>HJD HYG><TG@D ;QD EYJD G[‚>O;<XD F<TD G<EYJ@;@~D G@[D H;† GKEY;<D;QDEYJDJ=D;<€D>TJOD:JOEOJRRJ<D

JG<E~D TG<EO~D KEO~D G@[D KH€D ˆ D $&" !"%#& Ü7'' '' '#"

       

 '  ' !' ' ' !& H (($)H '$(($'H $H '''' !''!'' $*#)#H #H $#)'$!;H !!(H !'.;H 4[0 -C+530 <40 B5?+0 .+=+3352:80 4+.0 #H H '('H %%'H #))!H D$(H $' ''!' !%' $*#)#H $#('+)("H "%H $'%$')H ##$+)$#?E;H H " (H )H #H !!H ##$*#H #H 84Y>7 ;=4;7 :?UY7 qE;=7 47 C?>4;>?7 6>C?>>7 '*'.H)(H($#H)$H) H $H $*#)#H $#('+)("H 'H !((H )H $"%#.H %'+)H #H H ##$+)+H *(H $;H "$#H $)'H !H ()")H )H 9¨5:5H )#(;HH)H'&*()H$*#)#H%')H !!$#;H $*#'H #H H !H !!H $H "")!.H %'$+($##H $'H *)*'H (H#HH())"#)H))H)H"$+H,(H%')H !$(((:H !'.H ,')(<H DH %'#%!H $H $H)H()').H)$HD$#)#*H)H-*)$#H $*#)#H $#('+)("H (H )$H '$#(H $H $*'H !$#F)'"H ()').H #H $*(H $#H !$(((H (H ($$#H (H ).H $"H %'$!H !+'#H ()F#F!((H ($!*)$#(H )$H $*'H {@;76>x4M7;=>7?>89C5E;E9579J7B?9:;Y7@5;Ex7 *()$"'(H(HH%'+)H#)'%'(:E )'H (H H !!H !"H )$H )H '+#*(H H #H $*!H +H H ))H )H !H #')#H )"H #H ))H '+#*(H 'H ,(H#(('.H)$H+H!!H)H')#H V>?E:4{x>P‡ (%H)H#HGH,.H'$"H)H"#(H 7 Ex4?M7 466Y<7 ‹=>7 5>C4;EV>7 >”>8;Y7 9J7 $H ('$!'(H #H )H "' )H GH )$H 'F $*#)#H $#('+)("H $#H ##$+)$#H {99;7 E;Y7 Y;?4;>CM7 4567 ?>89V>?7 E;Y7 B?9:;Y7 )+)(H 'H "$'H %'$#$*#>,#H J?9U7 E;Y7 {?>46456{@Œ>?7 7 {@YE5>YY<7 )H%'((*'H'$"H($')F)'"H#())*)$#!H ,H +H #H !.H )H .H (-';H #+()$'(H(H')':E H H $#H '"H ,<H H %'((*'H "$'H ##$+)+H %'$*)(H (*H %%!C(H ;97 U>>;7 µ@4?;>?xM7 4567 455@4x7 :5458E4x7 H#H"/$#C(H #!: H $'H H $'%$')$#(H GH ''!((H $H )')(H (H #H ');H (.(H !H #*()'.H GH " #H ('*%)+H #(H ?>C>?Y>5<7 >5E9?7 ~xE4;>7 ?9J>YY9?7 9J7 (#C)H H &*()$#H $H "$#.<H "#.H +H ##$+)$#H #H '(%H )H ;H (*()#)!H*)(H#H#H'H$*)H)H *)H )H H #$)H )'H ##$+)$'(H (*H (H ('*%)$#:H )C(H H &*()$#H $H "#()H U4¾957 J9@56>?7 4567 <7 >”7 >¾9YP7 #H $,H .$*H %$()$#H )H ##$+)+H D )C(H "%$')#)H )$H '""'H ))H +'.H ('*%)$#H$#H)H!#H()GH#H))H "$'H '( H ))H /$(H (H H "/$#H #HH)H$,#!!: ) ;H )H "' )(H +H )*!!.H #H



+'.H #)+H ,#H H ) (H )H '( (;EH ''(#H )$!H H #$,!H #H #H #)'+,H *'#H (H %%'#H )H )H#!(#H ##$+)$#H$#'#H#H #%$'H#H'*'.: HD#H"/$#H,#)H'$"H*()H(!!#H $$ (H )$H *!#H "((+H *!!F(/H ,'$*((H )$H $!H "$'H )#H $$ (H *(H ).H ,'H (%'#H .$#H ))H%'$*);H)H"' )(H)$*)HH,(H #H$)H$'H#+()#H)H"$#.H#H))H ($')H $H %)!H -%#($#=H ,H #$,H )H ()$'.H)'HGH)H,$' :E H H "' )(H '*(H "/$#H ()$ H $#H ),$H $)'H $"%#.H ##$*#"#)(<H )H "$+H #)$H F''(H @ #!AH #H 8x9@6789UB@;E5CÁ7;=>7{>;Y7B4E679”7{9;=7 )"(:H!(H+H"$'H)#H)'%!H'$"H ª5:86H !!$#H #H ¨©©7H )$H $+'H 958H {ExxE957 E57 ¯±²²<7 Exx@Y;?4;E5C7 ;=>7 {>5>:;Y7 $H) #H)H!$#F)'"H+,H))H/$(H 9§>57;4xƒY74{9@;P H )H (H ,!!F #$,#H ))H /$(H #!*(H #H +'.H "/$#H ##*!H '%$')H )H 89UB45MŠY7²ºº°7x>Œ>?7;97;=>7Y=4?>=9x6>?Y<7 '"##H)"H))HD )C(H!!H$*)H)H $#H'"E:H"$#H"#.H%$#)(H"H E57 ;=4;7 x>Œ>?<7 >¾9Y7 Y;4;>Y7 µ@E;>7 8x>4?xMË7 DH ,!!H $#)#*H )$H " H #+()"#)H ($#(H #H !)H $H !$#F)'"H "' )H !'(%H $#(')$#(H ')'H )#H Y=9?;;>?U7B?9:;4{ExE;M7895YE6>?4;E95Y79?7



($')F)'"H!!H)')H')$#(:E 7 559V4;E957X>UBxE:>6ÓË7 Ex4?M7q?9;>7 E57=EY7?>Y>4?8=7;=4;7‹84Y=½9qY7C>5>?4;>67 {M7 E559V4;E95Y7 E57 :?UY7 qE;=7 U9?>7 $#('+)+H $*#)#H +H ($')'H =9?E¾95Y<‡74567;=4;7‹;=>75>C4;EV>7>”>8;Y7 $H$*#)#H$#('+)("H$#H##$+)+H )+)(H 'H "$'H %'$#$*#H ,#H :?UY79B>?4;>7E57E559V4;EV>7E56@Y;?E>YP77 >RRJOD >RG<XD>ODOO;H>GEJD<;QJOO;<D;QD &&&& #&& <JBJ<OJ@D >OD J@>;<D 0R>GEJD <;QJOO;<D ;QD @@;‚GE>;@D G@[D JG[J<OY>P~D G@[D YJD :KD YG:>D ;TTJ<H>GRD G@€D YG><J[D <;QJOO;<D;QD @@;‚GE>;@DG@[DJG[J<OY>PD GED D JD>ODEYJD[><JHE;<D;QDJG<@>@BD E;D JG[~D PG<ED ;QD ‰OD P;<EQ;R>;D ;QD JŠJHKE>‚JDJ[KHGE>;@DP<;B<GTTJODD Ü7''' ' 


        





              



*%$)E ,E $E *("$E *E&*#(Eªª;E¨©ª¬E(+"$E %E E %)E E %+(*;E ! E &()E žE +)*E $ž+E (;E -E ($*E "E *%E $E ""E)("E(+)*(;E(E ++:  ++E-)E($*E"E$E*E)+#E %E «©E #""%$;E -*E *-%E )+(*)E %$E *E(%+$)E%E)E"$E"*:EE  ++E $E )E %D$$*;E (")E(E-(E+)E%E+&$E *-%E +*E +)$))#$<E #žE $E $E ((E  $E %E 9ª:68E #""%$E >%+*E¨7©E#""%$?EžE*E%$%#E $E $$"E (#)E %##))%$E >?:  ++E -)E ()*E (($E $E ¨©©¬E %(E +)*E "++$#E ž-%"E %E *E %)E **E E %+(*;E +*E -)E ($*E "E *-%E ž()E "*(E %$E *E (%+$E%E)E!$žD("*E"#$*E %(E #E *%E E "E )!E #"E "&E $E $: *(E*Ež()E%E"$E*%E&&(E $E %+(*E *%E E *(";E  ++E #E E )+(&()E &&($E $E %+(*E *)E ž(E $E $E )%+*E %(E ":E E )E)E('+)*E%$E"E%$E*E)#E (%+$E%E""E"*E-EE"#E -)E +)E žE !$žE "+(E )E E Ež()E!: )E %+$)";E ""!$E  %;E E (+E**EE> ++?EE(#$E $E *E +)*%žE %E *E %$%#E $E $$"E(#)E%##))%$E>?E %(E E-E-%+"E$"E#E*%E ,E ))E *%E #"E **$*%$:E E ")%E $%*E **E  ++A)E )%$E *%E ,%"+$*("žE &&(E $E %+(*E -)E BE %%E (%+$CE %(E #E *%E E ($*E "E%(E*E)%$E*#E$E)&*E%E*E *E**EE +#&E*E()*E": EBE&+(&%)E%E*E$E-(($*E )E *%E $)+(E *E &&($)%$E **E -$,(E*E$$*E)E%+$;EE #+)*E E (%+*E %(E *E %+(*E %$E *E  %+($E *:E %-E **E E )E (;E *(E )E $%E $E %(E *E $;CE (:E %EE): E &(%)+*%$E %+$)";E ##%E +$E >?;E $E %&&%)*%$E *%E *E (+#$*E %E *E $E %$)";E E +(E *E %+(*E $%*E *%E ($*E "E *%E *E $$*E )E E ()+"*E %E )E &)*E )*%(žE%E +#&$E": BE E E $%*E ,E "*žE *%E (#$E *E $$*:E E %+(*E )%+"E %((E *E $$*E *%E *E &()%$E+)*%žE+)E*E"!"%%E %E)E$%*E%#$E*%E*E%+(*E)E(E *$E)E"!"%%E%E)E&&($E $E %+(*:E )E )E E (#$"E #**(E $E *E )*(*E $E žE ¨©©¬;E *("E )E )*(*;E+*E)$EE-)E($*E"E ,E%(E).Ež()E%E*(E)E$%EE -žE$E*E#**(;CEE:

+)*E ž-%"E E ("(E *+($E %-$E  ++A)E "E ('+)*E $E %((E**E*E+)EE(#$E $E (!(E()%$: ž-%"E E (+"E )E %$E *E *E**E*E""E(+)*(E +#&E *E ()*E "E E -)E ($*;E E -)E $%*E$**"E*%E": EEB E,E%$)(E*E&&"*%$E %E *E ()*E $$*E $E E -$*E

*%E )**E **E E )E $E %$E "E )$E (E ¨©©6E $E $E )&*E %E *E -(($*E %E )E (()*E *(E E "E *%E&&(E$E%+(*;E*E("E$žE >?E%+"E$%*E(()*E#:E E(žE %((E#E*%EE(#$E$E (!(E .#+#E&()%$E+)*%ž:EE()%$E +&($*$$*E-%+"E$)+(E**EE -""E E *!$E *%E E %(E #"E **$*%$E -$E *E $E ());CE ž-%"EE(+": ,$E ("£E **E )E "$*E -)E $%*E ($*E ";E  ++;E *(%+E )E %+$)";E ""!$E  %E "E $E &&"*%$E %(E ())$#$*E %E )E )E *%E $%*(E +:E E "*)*E )%$E *%E ($*E #E "E žE +)*E (E )E E ""E %+*E %E )E &&"*%$;E *(žE)**$E)E*E(+"$E%E*E ()*E*("E +: $E )E $);E  %E (+E **E )E "$*A)E"#$*E-)E-%()$$E-"E $E &()%$:E E +(*(E *%"E *E %+(*E **E ++E-)E(+)E*%E*E %)E $,()*žE$E%)&*"E> ?E *(EE&))E"%%E$E)E+($:E $E )E (+"$;E +)*E $ž+E (E )<EB *E)E,(žE"(E%(E*E%+(*E **E(E ++E)E$EE)(%+)E"*E %$*%$E -E ('+()E **E E )%+"EE""%-E*%E%E$E*!E(E %E )E "*:E *E )E #&%(*$*E %(E #E *%E )*žE ",E *%E E )E *(";E %$E %*(-)E-%+"E#%+$*E*%E$"E%E +)*:C E +E *$E ($*E #E "E $E *E )+#E %E «©E #""%$E -*E *-%E    )+(*)E $E "!E )+#:E %($E *%E *E +;E *E )+(*)E #+)*E ,E -%(;E ")%E );E B E -)E )+(&()E ,$E %E "$E &(%&(*žE $E -$E E(E**EE-)E($*E":E

%)E-*E,("E%+#$*)E$E %+E*E)EE"D"E%$E+*E E ());E-"EE)%+"E")%E&%)*E "*E **E ,$E )E )%-$E **E E )E *(,""$E %+#$*)E -*E *E )E $%*E ("":E ()*;E E )E )*$$E %+(*E()*((: *("E %(E ""E (+E $E )%$"ž;E )E %+(*A)E (+"$E )E %-,(E )E *%$E žE +#&$E "E %(E *E ()+"*E $*%E ,($*E ,-)E %$E *E ž()E*EE()*E*#E)E)%-$E**EE ""*žE $E #%("*žE %E *E %+(*A)E )E$EE(#$":CE )%$:E$E*E(%+$E%(E#%("*ž;E %-,(;E(*$E*%E -"E )%#E (E %E *E"*)*E,"%&#$*;E *E %&$%$E **E *E *E (#$E %E %+(*A)E)%$E#E *E ($E (E $%$)$)E %E *E *E ))%*%$E >?;E $)*E %((+&*%$E !/ *   ! E ($;E (E $E *E $*(*žE %E     ' $ž!E$E)E *E +(ž;E %*()E *E )%$E *%E ($*E "*E**E*E$$*E #E "E )E $E *E  ' ' $*()*E%E """žE )(,E +)*: -*EE%*: B(E )E $%*$E !! '! %($E *%E (E E E E )E ($*E +$E **+;E B E    0 ":E +)*E ž-%"AE E -(E *E +;E )%$E $%*E *%E ($*E %  ' ! E -%+"$A*E ,E #E "E $E *E ()*E ($*E #E "E &"E %+"E E **E  !'  )E +)*E ž-%"E *(E -(E $%E $%+E :E %-E $E ž%+E ,$)E *%E ($*E  %  +($*E **E #E *E **E *#:E )%#%žE -%E      $E *E *("E +E +#&E "E %(E *E -%E E ($*E #E ž()E "#$E E  !  ! "E-EE +#&;E -)E ""E -%+"E $%*E *E *)E -(E *(E   +#&E E )%$E *#=E %(E #E $%*E *%E ($*E E )E &(%,E **E !*/  *E )%$E %$:E %E E E)E$%*E("":EE -%+"E $%*E )žE +)*E ")*E*#EE&&(E   !0 ž-%"E -)E $%*E $E%+(*E%(E +)*E %$)(*E %(E (E $E ž-%";E E -)E

  %!  $ž$E#E":C "%%!$E "*žE $E E ;E B%(E %' ' *E *(E -(E $%E )$)E +(($*E +E *%E **EE-)E"":E E*$!E #E "E #$)E   '! ($*E *)E)E +)*E$E**#&*E *(E )E $%-E $%+E *%E #!E )+(E **E E ,$E *%E &(%,E %)$A*E E *("E $E **E E )E (""žE )!:E *E%$,*:C ##(E**EE-)E ()E $(E )E *%E ,E &))E

"%%E $E )E +($E $E -)E (+)E *%E *E %)&*":E %E *)E *#E (%+$;E *(E-(E%$(*E,$)E*%E&&"žE %(E ":E +(*(;E (+E )E E "D"E %”E$E $E *E )E ž*E *%E E &(%,E **E E%##ŒEE*E%”E$:EE)E +)*E$E +)E $%*E ž*E %$,*:E %(%,(;E E$)E*%EE",E*%EE)E*("E)%E **E)E)E-%+"E$%*EE"!E**E%E %(()E !-;E *E ""E (+)*(E -%E E $E &()%$E -"E )*""E $E *(":E%EE ++E)E$%*E($*E";E )E)E%+"E$E+&E"!E**E-E )E$%*E%%:C B E#E")%E)+(E**E ++A)E"-ž(E -)E "E *%E %$,$E *E +E -*E %$(*E ,$)E **E )E "$*E -%+"E $%*E +#&E "E $E E E -)E ($*:E ""E *)E -(E -*E *E +E *%%!E $*%E %$)(*%$E %(E ($*$E *E "E $E $E *E )&(*E %E (E($:C %((%%(*$E#;E (E#E #%";E *E %(#(E (#$E %E *E ! E ($E ")%E (+E **E +)*E (EE.()E)E)(*%$E$E ($*$E"E*%E*E""E(+)*(:E BE +E )E *E )(*%$(žE &%-(E *%E E -*(E $E +)E )(,E *%E E ($*E "E %(E $%*;E -E E *$!E *E +E E +)E $E *)E ):E *E E &(*+"(E +E $E $E +)E "E %)E $%*E #$E **E $%*(E +E %+"E $%*E ($*E #E "E E *(E (E ,$)E **E *E +)E )(,E ":E E E )**E %E "*E %E *E $$*E $E %*(E *%()E -%+"E E *!$E $*%E %$)(*%$E %(E $E -*(E*%E($*E#E%(E$%*:EE žE *E *E *#E +)*E ž-%"E $E #E";E*(E-(E$%E$%+E&(%%E **E E -)E (""žE )!E -E -%+"E ,E -(($*E #E *%E E ($*E ":E+*E$%-;E*(E(E&(%%)E-E #E $%*(E +E *%E ($*E #E ":CE




        



    

    # ###""



("ž› *-%› #%$*)› *(› *› (()*›%›%$›(#›#(+Ÿ› › $*,› %› +"+$!+*+›

)+-Ÿ› ++(Ÿ› %($+› **›*›*› )(› (›**"›#(!*Ÿ› $› %› %"› %,($#$*› (› %› +$›**Ÿ›*›+$›**›%##$› %› *› ($› +(*ž› $› ,"› $)› %(&)› 9 :Ÿ› $› %$› &*#(›5Ÿ›2013Ÿ›(()*››33?ž(› %"›#$›)+)&*›*%›››*((%()*›*› +$› +!%)› (› %› %!+*Ÿ› *› +$›**›&*"  %($› *%› $%(#*%$› *(› ž›      Ÿ› *› )+)&*Ÿ› ($%)%› (#Ÿ›-%›"#›*%››› $*,› %› ? )$› (› %›%!+*Ÿ› -)› (()*› ž› #$› %› *› %(&)› *› *› +$› +!%)› $*("› %)'+› -"› **#&*$› *%› )$!› $› $› )&$›*›$*›$›*› %)'+  &%$› $*((%*%$Ÿ› (#Ÿ› -%› -)›(()*›(%+$›6 00&#Ÿ›"#› › › *(,""› ""› *› -ž› (%#› (› *%› %!+*› +*› › *%› &))›*›$*›*›*› %)'+›+)› *(›-)›$%›%*(›"*($*,›)"*(› %(› #› )› *› *› *#› › %*› $› *%› %!+* ›› (#Ÿ›-%›")%›"#› *%›››2004›(+*›%›%+$*$ž› (%#› *› ("› %"ž*$Ÿ› Ÿ›

-(›**Ÿ›-)›")%›$%*›"›*%›,› %$(*› ()%$)› %(› )› ,)*$› $› -*››*+""ž›%)›%(››",$ ››› %+"› $%*› ")%› ,› › )&› ()%$› %(› $%*› %$› )*(*› *%› )› "#› ›@› )$›#"ž›%+)›*%›)&$›*› $*› *(› *(,""$› (%#› (› *%› %!+* ››")%›-$*›+#›-$› )!›%+*›)›#))%$›$›%!+*  › )+)&*Ÿ› -%› ")%› "#› *%› ,› "%*)› %› ($)› $› *› -(› **› &*"Ÿ› "%($Ÿ› )**› +(*(› **››%*$›)+**")›*-$›(Ÿ›

+$› **› $› "%($› *%› ,)*› )›

      "# $"

($)› $› )+))› +)$))› ))+)› +*›-$›)!›-*›)%(*›%›+)$))› ))+)››+)+""ž›%)›*%›)+))›-*› )›($)Ÿ››%+"$<*›#$*%$›$ž  › $›$%*(›%$*(*%(ž›)**#$*Ÿ› (#› )› **› › -)› *+""ž› )› $› %!+*› +*› ,)*)› (› ('+$*"ž› $› **› *› -)› %$› %$› %› )› $+#(%+)› *(&)› *%› (› **› › › &+()› *› )-%(› %+$› %$› #  $› -(› $› -ž› › › %+*› 9)› › › "#:› $› (#› #)"› -*› )+› › "ž› -&%$Ÿ› (#› )› › %+"$<*› (##(› .*"ž››-(›+*›**››&+()› *› )%#-(› $› (› %(› *› &+(&%)›%›$$›#)"›$›)› %› $ž› **! › *(› *#)› (%,(› (%#› #› $"+› › &%$Ÿ› *-%› )› %$*$$› ($*› *#)› "!› "%*)›$›)%#›ž*?*%?›$*› %+#$*)›$››)-%(››**›)›%+*›› 2 5*› "%$Ÿ› $› $› › )&""ž? )$› -ž› *%› &(,$*› *› (%#› $› **› ž› #(› "%%!$› %(› #($›*›&!  $› %+(› (&%(*(› ,)*› *› @ )$› (› %› %!+*› -(› (#›"#››)››$*,›%Ÿ›,› &%&"Ÿ› $"+$› *-%› "()› %› *› %##+$*ž› -%› -)› *%› (#$› $%$ž#%+)Ÿ› )› *ž› › $,(› (› %› )+› › $#› $› %+"$<*› $*ž› (#› $› *› &*+(› **› -)›)%-$›*%›*#  *›-)›"($*›**› (#<)›)+)&%$› %› $› › *((%()*› $› )› ,$*+"› (()*› ("ž› *-%› #%$*)› *(› **› %› #(+› -)› +)› › $%*› %$"ž› %+"$<*› $*ž› #)"› &(%&("žŸ› +*› %+"› $%*› ,› )+(*ž› $*)› $ž› %$**› ())› %› )› #"ž› %(› )› "#› ($) › )› )› )› )#"(› *%› **› %› #(+Ÿ› -%› › "› ++(›+›*%›*›()),› #$?+$*› ž› )+(*ž› %&(*,)› $›

 ' " !!      4  4  "  " "* "" "  "!

  

  "  !     " * "  % 0   " " !  !"%0   ! "!" "   " ! "!  !  /    44  "!"  "   !'!4 



*›$%(*($›&(*›%›*›%+$*(ž›-%› %+"›$%*›("ž›$*ž›#)"›$› )%› -)› (()*› *› )(› (› Œ›"› #(!*› $› *› %› %"› %,($#$*› (›%›+$›** › +*› +$"!› (#› -%› )› $*(› $ž$›$%(›&*$›)›$,%",#$*› $› *((%()#Ÿ› #(+› %$))› **› › › &(*&*› $› *› !""$› %› #$ž› $$%$*› ($)› %(› *› "(*%$› %› *› )**› %› #($ž› $›#-Ÿ›%›$›%($%›)**) › ,$› *%+› *› &%"› +*%(*žŸ› *(%+›*›+$›*›%##))%$(› %›%"Ÿ› ( ›› !#+$›!%žŸ›-"› &($›#(+Ÿ› ))+(› *›$("› &+"›%›'+*›&(%**%$›%›",)› $› &(%&(*ž› $› *› %$›$*"*ž› %›$ž›$%(#*%$›,$›*%›*›&%"› %,(›*›(()*›%›#(+Ÿ›$%-Ÿ›*(›)› *$)%$›$›(›#%$›*›()$*)›%› *›)**›%,(›*›($*›&&($)%$› %›$%*(›*((%(›)+)&* › *$›*%›* › (()*›%›* ›) +)&*› *((%()*Ÿ› *› +$› **› › %##$›*(%+›*›)&%!)&()%$Ÿ›

( › (#› "$(- +Ÿ› %$(#› *ž› (()*› › #$› -%› %+"$<*› $*ž›#)"›&(%&("ž›$›**›› -)›")%›$›&%))))%$›%››$(%+)› -&%$ › "$(- +Ÿ› -%› )› *(› (›()%$)›*%›",›**›*›)+)&*› )› %+*› %$› › #))%$› **› › )› ž*› *%› )"%)Ÿ› )› *› -)› -(%$› %(› *› )+)&*› *%› &))› *› $*› $› › #%)'+› ››)›*(+"ž››$*,›%›%!+*›$› )›%+)›%($›*%›#›)›$%*›(› (%#›-(››-)›&&($ › = *›)›*(+›**›%$›($%)%› (#› -)› (()*Ÿ› )› )**#$*› -)› $%*› $› $ž› -ž› %$))*$*› -$› › -)› )!›*%›$*ž›#)" ››"#› › '+(› *› › )(› )-%(› %(›)"›$)›+*›%+"›$%*›*""›+)› -*››%)›%(››",$›%(›,›*› %$**›%›$ž›##(›%›)›#"ž› **› %+"› $*ž› # › )› ()%$›

"! 

%(› '+($› )+› › $(%+)› -&%$› )› $%*› *$"› )› *(› -)› $%› &(%%› **› › -)› %(› #*› › +$(›**!›%(›$ž›*(* >

$-"Ÿ› "$(- +› )› )› *›)+)&*<)›)›-""››*($)((› *%› *› &&(%&(*› '+(*()› )› )%%$› )› *› &("#$(ž› $,)**%$› )› %$"+ › › %-,(Ÿ› +(› ##()› %› *› &+"› *%› "-ž)› $%(#› )+(*ž› $)› -$› *(› )› $ž› )+)&%+)› #%,#$*› %(› *,*)› (%+$› *#Ÿ› )**$› **› (#› -%+"$<*› ,› $› &&($››*›&%&"›-*$›*› #%)'+››$%*›$%*›*›)+(*ž› $ž› %› *› )+)&*<)› )*($› #%,#$*›(%+$›*›#%)'+ 


Vibes 

         

           



   

 

         

            &&"! "!  $! !& && &"! !  ! ! +    ! ! ! ! " " " "$& "$ &" "! " ! ) )& &  

"

  %$ "  %   " "! !%' ' &! &!  $ $ "$ "$   ! )  !* ! *& "!&! !!  QH QHFF HFF F @T @TQ@ Q@ HG‰ Q@ G‰QD Q ?[ [?‹TQ TQ\ \ HG 1DV \ D @PD? D? ]>P >P@@> ? P@HPD@T>>?> ?>DH DHT DH T Z Z• • %%$%  ** ! !& &  % % ! !& &$( $( )! ) &&  $& $&% %& % & &  $

$ $&"$" & & &$ $" " $ ! &&$$   "$ " !!)  " )    &' '$ $%%%

! !    "! "! "! " "! "!& &! ! !&-%, & &! !

+,

 +,! !  *  #!% !% & " " & &( ( % " " &  %$$ %! %! ! !  % %""'$! %  " "  ! !*                 

      

                       

                                       

                

     

; ;7YYEE58 ;= ;=4 58>7 7q4 q4YY747xEŒx> xEŒx>7{9 7{9M< {9M<7< 74 44xq4 xq4MY7 MY MY7 M                    

  

     9J7 J 89@ 89@?Y>><7 M9@7 89 9@ ƒ59q7 ƒ5 ;=4; =4;7 xEƒ>7 xEƒ>> U9 9Y;7 B>9Bx> B>9 B Bx><7 Bx> B x><7< {>E5 {>>E5 E5C C7 B4?; B4?;77 9J7 9J ;=>7 > Y8=9 8= 9x7 9x 9?7 9  

                 @Y@4xx @Y@ 4xx xxM7 M7 9”>? M 9”>? ”> YY7 ;=>7 > B Bx4;J9 ;J9?U7 ?U7 J9??7 95>7 >                 

      E5Y;E5 E5Y ;E58;Y 8;YP7 M7 M 84Y>7 q4 q4Y7 Y 59;7 59 6E” 6E”>?> >?>5;P 5; 7




         



    

                  

 

      



           

 "9 '9 (&9 "'09 9 %*9  ($9 $ "9 '

#%'92 '#(9 9!9%#!9  '9''3 "9 '&9 )9  !9 '9 #$$#%'("'+ $$ + ;97 YB>4ƒ7 B

4@Y47 >”9?;x>YYxM7 M 4567 4xY97 ("%&'"9 (&9 "'/9 (&9 & &#!9 )%'#"&9 "9 '%!&9 #9 "'9" 9 "9 ")'9 '%#(9 !#&'9 #9 '&9 "'&/9 $$ $  $$ $$$$ 5.?480 <9+0 +=;2-<:0 ;52C0 4.0 5t50 $

#/9 '9*&9'9%'#%5&/9%9%9'*#9 +9 (&6( "9 %# &9 #"9 '9 #!+ &%&9 89 %/9 "(!9  2")%&'+9 + '(%%6 '9"9"#92*#9%$%&"'&9 $ '9 #*%9 %9 #9 '9 &# 9 %9 & 9 &(%'+9 + (%3/9  9 %'#%9 & !9 *9 %# 9 9  '9 !#&'9 #!#%'  $ +"9#9'9'*#9"9 9'# +  9!9'%9 *&9 #+9 + +9 + !/9 9 &9 !9 '#9 $ + + "#9* 99 #!!92("+ +  !39$ $ +&9%/9"(!/9 9'"9 +  9 !+9 "'%$%''#"9 #9 "#9 #"9 4Ò47;?>>;P $ $ $  $ $ $ $  $$ $$$ $  $$ $ "9 %'&'9 %'#%9 ("'#"&9 &9 ' %')9 %'#%9 "9 &9 '9 $%&#"9 $ "9 %9#9'9%')9"$('9#9'9'#%&9  $ 456748;?>YY>YP7§>5<7=>7?>=>4?Y>Y7qE;=7 ;=>U<7 >X4UE5>Y7 ;=>E?7 E5;>?B?>;4;E95Y7 B #9 '9 &%$'&9 $ "9 '&9  '!9 %+9 + #%9 ;=>76E?>8;9?P7E58>74U74xY9745748;9?<7E;7EY &+9 + #%9 !9 '#9 #!"9 '9 *'9 '"/  9  ""9   $%'9 $ #9 '9 &9 ''9 #"9 4Ò47 Ò ;?>>;<7 M M9@7 4?>7 59;7 }}@Y;7 ;97 U4ƒ>7 B>9Bx>7x4@C=<7J9?7E5Y;458>7{M7}@Y;769E5C B B C M} C &#!'"9  &'($/9 $ %9 &9 &#!'"  +#(9 *"'9 '9 )*%9 '#9 $9 + $ %#!9 '9 "#("'%&9 "9 +#(%9 + ('+9 &9 '#9 %" '&9#('9&! && +/

$$  "9 + +#(/9 9 '9 $&#9 $ #" "% 9  '#"&/9 9 %&"'&9 #9 '9 Y;?>>;7 q45;7 ;97 >x>8;7 >X>8@;EV>Y7 E5;97 ;=> 4Ò47;?>>;7>YE6>5;Y7YY98E4;E95P7=>7 Ò "9#"'&'"'&9%99  #"   29#%(39"9%/9"(!929(&3/9  Cq>75q>?>U46@7 4x@7EY7E5{>;q>>5< C ;?ME5C7 M C ;97 >5Y@?>7 ;=4;7 q=9>V>?7 qE5Y<7 &9 (&"&&9 "'%&'9 &9 $%#''/9 $ 9 !"#%'&9 %9 '9 +9 + $ +%&9 + "9 *#%"9  #('9 '9  '#"&9 #&'&/9  (9 29 "(7#%"9 + +#('9 #%$&9 $ !!%9 #"9 '9 &'%'39 #$'&9 $ #%9 9 x9C{>5x4<7 C q=Ex>7 Y4?>;E57 G47 {4?{>?I7 '9!$"9!"%9#9%/9"(!/ $    Y4?>;E57 EY7 457 697 {9M<7 M q=97 C C?>q7 @B B "9 %%/9 9 ('#" 9 !&&9  =>?>7 EY7 ;=4;<7 4U95C7 C 9;=>?Y<7 q>7 4?>7 '%+"9 +  '#9 !$&&9 $ '"9 $ $# '&/ 9 %9 '%+"9 +  '#9 !$&&9 $ ("'+9 + " '#'%"&&/9  9 &%$'9 $ *%'%9  &#9 >XB9Y>Y7Y9U>7;>??E{x>7;=E5CY7B9xE;E8E45Y7 B C B 697 xEƒ>7 ?ECCE5C<7 U95>;4?M7 E56@8>U>5;< '/

$

 "$  $$#$ X48;xMÌ7@;74;7;=>7>5679J7>48=7>BEY96> M B 9?7Y>V>?4x7>BEY96>Y<7;=>7895½E8;Y7q9@x67 B 9 %&# )/9 '5&9 9 +#(9 + &' &9 ' B?9{x>U7 4567 ;=>57 M B M9@7 B?9”>?7 B ;=> &# ('#"9"9&(99*+9''9'9&!&9'# + '9 )*%9 ''9 +#(9 + %9 #"9  "#'"9  !#%9 '"9 "'%'""9  !9 #%9 %/9 9 )9 '%9 &9 !(9 &9 $#&& $ 9 '#9 "&(%9 ''9 *9 #"5'9 %"9  "9 !( &%#(&"&&9"'#9'9&&(/9&9&9*% & ( 9&%$'7*%'"9#!&9"/99% $  !%%#%"9*'9&9$$""9"9'9%  $$  9

%9  *'#('9 %' +9 + %%"" '#&9 '"&/9  "9 +#(9 + *'9 ' >BEY96>7 B 957 >x>8;E95Y7 M9@7 M Y>>7 45ƒ9<7 '9 !(%9  !"9  '#9 #!9 '9 89UUEYYE95>?7J9?7Y>8@?E;M74”4E?Y7EJ7=EY7 M  $ $ $  $ $ $  !"9*"&9'9 '#"/9%9&9&#!#"9  $ *#9 &9 "9  '%'/9 ('9 9 #('9 #(%9

%9'%'9&99.-7!"('9#!+  + 4;E954x7YY>U{xM<7 M9@7 :567 Bx>5;M7 9J7 ?>9?E>5;4;E957 Y>?E>Y<7 q=E8=7 @Y>Y7 ;=>7 "#&9'%/9 4('"!"'59!# 9#9#!!("'#" #%9 ) #$!"'/9 $ 9 #')9  &9 '#9 $ $$$$ E5½@>58>7 ;=>7 VE>q>?7 B9YE;EV>xM7 B M 4x95C C $ $ 8>?;4E57 xE5>Y<7 q=4;7 M M9@7 B B@;7 J9?q4?67 EY >?M7 M xEŒx><7 q>7 q?E;><7 6E?>8;7 456 "'%'"!"'/9 %"&9  #)9 #!+9 + $ $%#(/9"9'&9&9 %'/99#"5' 4567 >5;>?;4E5U>5;P7 §>?7 47 =4?67 64MŠY M *"'9'9)*%9'#9&9'9$%#%!!9 $  q9?ƒ<7;=>74V>?4C>7EC>?E457x9V>Y7;97899x C C &9 "#'%9 #)%"!"'9  $%#%!!/9 $  #*"9"9("*"9&#!*%/ '5&9 #('9 (&9 &9 9 $#$ $ $ 9 "9 '9 " J7 M9@7 M 8=>8ƒ7 9@;7 J?9U7 46V>?;EY>?Y<7 #%9 (&9 '#9 !$&&9 $ '9 '"&9  '' #!&9)9!#%9# #*%&$9'" $ #"9(&9&99"'#"/99%9%&&"9  #'%9 #%!&9 #9 %!9 $%&"''#"/ $ 8?E;E84x7Y98E4x7EYY@>Y7Y@8=74Y7J4ƒ>76?@CY<7 C 9 #"&'9  %("""9  $%#%!!&9 $  " 89??@B;E95<7 B >;=598>5;?EYU<7 E5Y>8@?E;M<7 M '&9#("'%+9)9"9#!&989' +  B B99?7 E5J?4Y;?@8;@?><7 B99?7 B 4ŒE;@6>7 ;97 9J7 Exx4C>7 C >46U4Y;>?<7 4Yµ@>?46>< µ >6@84;E954x7 6>V>x9BU>5;<7 B B9xE;E8Y7 B 9J7 4U45}4<7 } 4B47 B }4Y89<7 } >89567 {EŒ>?5>YY<74567Y9795P7 ;ŠY7;=>7Y4U>7;=E5C7 C =458>7 >;8P7 ”9?;Y7 q>?>7 U46>7 E5 9)9"9#"9#"9%#9&9"9  '&9 $%#%!!&9 $  '#9 $&&9 $ #"9 &#! #"9'"9+/99 '#" + 9 %"''#"9 !&&&9  '#9 '9 )*%&/9 ('9 && "+9  + #" +9 + (&&9 '9 $ '#%!9 '#9  &#9 >89567 =458><7 M9@7 M q9@x65Š;7 Y4M7 M ;=> &&!"'9'&9#*"9&# 9!&&&/ $%#%!!&9 $  *%9 $ $%!% +9 + ! '9 ""%"9   &# 9 "/9  9  $ $ "$ $ $ $ $ B?EU4?M7 B M B B@?B9Y>7 B 9J7 4Ò47 Ò ;?>>;7 EY7 ;9 <4105=<304.05t50<2++<>

+#9 ( 9 9 "*9 %/9  9 %9 9 #("'%+ + + (!#&(9 2!#%9 * + +9 #9 #)%9 .--9 '"9 "'#" '&/9 '9 ƒ59q57 4Y7 47 4Y@U@I7 Bx4MY7 B M ;=>7 ?9x> EY7 U4YYEV>P7 >7 ;4xƒ7 U4E5xM7 M 9J7 4@Y4< #9 9 9  " # ##9 #"  /9 9?@{4<7 C{9Á7{@;7;=>?>74?>74;7x>4Y;<7¯º° C

#,9 

*#&(9 &9 #"9 &'9 &9 !9 #'%&/9#!9#9'!9%9)%+9989 +  9 #7##9 "9 !$ $ 9 9  $ +&9 + ' */99"'%&'"9'"9&9''9'99     %# 9 #9 9  (9 29 *3/9  9  &# ;=?>>7¼7 4@Y4<7 {9745679?@{47¼784559;7 )99 #!!92%/9"(!39  Y@?VEV>7 qE;=9@;7 ;=>7 9;=>?YP7 57 J48;<7 ;=> "9 ($#!"9 $  '&9 &(9 &9 (9 #'%&9 '%!"9 '9 $( $ &9 #9 '9 &#7 ¾9>{9?7 GƒE6@I<7 ?45ƒ7 >;>?7 Cq@ C  9 9  '%/9 &9 #!+9 + &%& 2 &%'"39 "9 #%9  #% EY7 Y>;7 957 457 EU4CE54?M7 C M Y;?>>;<7 ƒ59q57 GEB?E>M><74ƒ477 >46U4Y;>?IP7=>Y>7 B M &9 %9  '%'9 *%9  9 '&9 .--9 %9'9$%!""'9#%9 $ 9%# &/9%9%9 "'#" '&9 %9 %&"'/9 9 "'%(9  "(!%#(&9#'%9%'%&9(&9  #9'%9&(%)) 9#"9'9&'%'9&9%( +9 7Y4E6<7q>74?>7UE??9?E5C74754;E9579J7³±±7 C $'(%9'#9%"9#!9&#!9 &&#"&/ '"9%#($&/99#!+9$%#%!!

&9"#'9( '9%#("9$%&#" $ '&9#%9' %'%&9#"9'9'%'/9 $ $ $  $ $   @s5<+C0 246+30 3;=90 530 <9+0 4.+0 :4;0 52+0 165:-./0u050 5;350u0B5?+30-<0C-v=;6< $ $$ $$!$$  "$

$ $  $ $ $ $  $  $  $$ $$ $ +9"#'19 '5&9'"/99)%&' +  9'#%9 8457Bx4M7 M 6E”>?>5;7?9x>Y7B>?J>8;xMP7>Y<7 M M9@7 "9 9 &'%#'+$9 +$ "'#9 9 4$%!""'59 %# 9 &(9 &    % (   + 9 #%9 %"# #%/9 '9 $" $ &/9 9  &#9 ) )9 >}@U97 } >qEEY<7 *#9 $ +9 + '  %# 9 #9 + +&9 2          !  & '  % 39 "9 *"'9 #" " '#9 $ +9 + !"+ + +9 #'%9 %# &&9 >”>8;EV>xMP7 M 7 )9 *' 9 #"9 #%9 '*# #9 !#)&9 " *9 "' 9 %(" $ +9 + &#!9 #'%9 %# &/9 9 '9 %#  &9 *9 4567 @5Eµ@> µ > 5 9 @ C = <7 '9 !+9 +  (&'9 #+9 +

 '# '#9 #(& #(&9

 #"9'/9'9&9'& #" '/ ' & '&9 )"'&9"9''9+#(9%9'9#"  +9#"9 *#9$ $ +&9'/ + =>7 4@Y47?9x>7EY76E”>?>5;P7=>?>74?> Y97U45M79J7@Y7q=97Bx4M7;=4;7?9x>P79<7 M B M "9 &*'9 %# &9 ('9 59 9 '#9 &'+9 + #" 89U>6MP7 M 7 8457 V>>?7 47 xEŒx>7 ;97 697 Y94BY B 4567YEUEx4?7Y;@”<7{@;7M9@7q95Š;7Y>>7U>7 M %%+"99("9#%9#"99("9%",9 +     Y;@”P7 ;ŠY7957;=>79;=>?7>X;?>U>74567M9@7 M #"(&9'9("9*"9+#(9'%+9'#9#9 + + Y97U45M7;=E5CY7E574574Œ>UB;7;97B?9V>7 M C B B ''9+#(9%99)%&' 9'#%/9 9#!$%9

 ) )"'&9 " )"'& "9 # #9 &'"7($9 $ #!&9 " "9 9 '"9 9  )%+9 #!#%'  #" ""'%'"9 #" #! !+/ $ $ $ $  $ 9 !%9  9 ' )'%"&9 *#9 ! # #%9 !/9 9 &'& 9J7 4Yµ@>?46>Y7  µ 4567  9  !&'%9 q>?>>7 >X8>B;E954xÌ7 B ;ŠY7 =4?67 4Œ4E5E5C7 C ;=>7 !% &9 &'9 +9 '&9 ;q97 B?9C?4UU>Y< B C ('9 *9 !9 '#9 &(%$ $&&9 '!/9 "9 '9 B?96@ B @8;E957 YE6><7 M9@ M  &#9 * *"'9 '#9 %#"&  '9 $ $#"%"9  %# & #9 '9 '9 9 ("  x@Y9x47 4567 x4;>?<7 ?P7 x@Y9x  9 "(/9  '5&9 "#'9 &+ + '#9 !9 '9 )%9  %"  ( 9 (&9 #9 '9 $%# $ !&9 *9 # #"'"9 *'9 #"9  +9 + " #(% +9 + &&/9 #9 "9 &9  9  9 "9 &'!#('9 "9 '+ + +9 * 9 ' 9 + +#(9 '&9 '%('/ ('9 *9 '%+9 + '#9 #9 #(%9 &'9 " {M7 M Y97 Y 69E5C<7 C q>7 4?>7 =>xBE5C B C '#9 #"'%('9 '#9 "'#" 9 ) ) #$!"'/   "$ $  $    $  $ $ $

!$ $ $ $ $ $ $ $ $ $ $ 

$ ?>4;Ì7 ;ŠY7957Y;4C>7;=4;7M9@7 C M &$ $%'9 '9 #+&9 + %#!9 ' !"9"9'"/9 '5&9##9"9' !   &"&9 ''9 *9 %9 #%!"  ' 9'&9#9'"9'!9#('  ;9 97?>x4XP7=45ƒY7;97Y;456@B B #!"&9 *#9 &'%'9 ' $%#&&9 "9 #%"&'#"& $  xEEƒ>7 ExV>?{E?6<7 @Y95 "'%9 *9 '##9 '9 %&  #9")&'"9  "9( "9"%&'%('(%9"  ;=EY7 4?>4P7 ;Š ;=E ;ŠY7 B4ME5C7 B M C 9”7 B?9J>YYE954xxMP B M (%9 (")%&'&9 "9 #%$#%'9 $ #& &#( 9  &#9 &'$9 "/9 '%9 %'& $%'!"'&9 $ "9 '%'%+9 + "&''('#"&9 &#( 9 %(  % +9 + &'9  $%#%!"& $ ''9 $#$ $ $ 9 "9 #9  #('9 '%9 " q4;8=P7 9q7 >xY>7 8457 M9@7 M {>Œ>?7 ;?4E5 ;=>7 ;?4E5>>YÓ7 =>57 ;=4;7 EY7 E57 Bx48>< B ;>x>VEYE957 4567 :xU7 qExx7 {>5>:;P7 =>?> * 9 9 !#%9&$ $ "9"9%9 *#% #"9 &'9 "9 +#(9 * 9 )9 *%9 '& "9('&/




         

   

       

             0)'  $)($'*–  *(( )  #$. --$ -$)(0.$.-0(( -)'/  ( +-*0 -*-.*()–– -.! #  /-1 -.  /#  $)0./-– 2*-&$)"! 2$/#(0.$$).)-/$./ .!2$/##$. ,0 ./!*-!0-/# -&)*2' " $)/# -/ *!(0.$(&$)"' $)"#$(/*./0– (0.$ "" #$.*/*-/  "-  $)(0.$$))$) +-$'/#$.– -! # -*0) *!!+*./*/*-'*0-.  $) 0$* )"$) -$)" ) 0.$ -*0/$*) / 0.$$). )./$/0/ !

*'' "  *! *)/ (+*--– 0.$! *''–2**! '$!*-)$13 3/$&.! . #  $. !*)'– '' ! #.  ) /# 0.$ $- /*- *! –./- #-$./$)

#0-# !*- .* ()– – -. ) #  - ($). +-/ *! /#  #$./*-$ .0 .. *! /#   ' -/  –./- #-$./(.

*) -/  3/$&. #. /* #$. - $/! . 1 -' 2-. ) #. +- . )/  . 1 -' -0(.2*-&.#*+.!#*$-/-$)$)") .*'* -0( + -!*-() . / #$"# - $)./$/0/$*). *! ' -)$)"! *) -/. ) #0-# . $) /#  1)$/  3// . ) ()– !-$)*0)/-$ . 2../ +-$5 2$)) -//# ($ ) $/$*)*! /# 13,' )/ *(+ /$/$*)  ## ''$1 + -!*-() ./ -$/$.#

*0)$')'.*2$/#$& &-$  C?=>\@‰P=>}PHW‹Q@PHG'‹}@$SDTH[?  0+  " ! ) 0'/– ( ( -! -*% /(  $.+- . )/'–%0" $) /#  *)"*$)" $" -$) #-$./$) (0.$ 2-! /#  $" -$) *.+ ' 0.$$ * 2- 0)'  $.  - ! - )  +*$)/ $) %03/+*.$)"  ($ (0.$ &)*2' "  2$/# +*+0'- -/$./$ - )$/$*)  ) #$. - /0-) /* $" -$ ! 2(*)/#."*!     0"#/0+2$/##$($)./0$*)# *- #$.($)*) 1 '*+( )/.$)/# $" -$)(0.$$)0./-–3 -+/.



+20742?-./0-.0<9+0-/+2-5. B;3-=0 3=+.+0 [420 4Y+20 <92++0 C+=5C+380 795<0 -30 :4;20 -B12+33-4.0 4[0 <9+0 -.C;3<2:0 79+.0 :4;0 =4B152+0 -<0 7-<90 795< 41+25<+30-.04<9+20=6-B+304[0<9+07426C>   6  #  6 #!6 !6 %" ' '6 6 ;>?UY7 9J7 895;>5;P7 =>7 xM?E84x7 M ½9q7 EY  "'6 ' "6 $",6 6 ' ' !!6 ' ' 6 $"!6 # 6 6 "6 *)!6 6  '6 ' +)!6 ""  "!"!6  "'6 ' % "6 ' ' !6  "6  "6 !-6 %"6   "6 ,6   6 "6 ""6 6 # 6 ' ' !6 !#6 6 !  "6 "$"6 6 "6 #!" " ",6  !" #""6 !6 $ % !-6 $ ''6 ' ' %6 !6 "6   # -6  #"6 !6 %6 "  957 ;=>7 B B4Œ>?57 9J7 {>4;7 ;=4;7 EY7 G;=>  $/6 #6 !#6   6  " 89UB9YE;E954x7 B ½9qP7 x;=9@C=7 C Y98E>;4x E5½@>58>7 EY7 C C>ŒE5C7 C Y;?95C>?7 C U4E5xM M 6  "6 '#"-6 ' #   6 #!6 ! xEŒx>7E5½@>58>7957;=>79x6>?7C>5>?4;E95< C "!6"6 "!"!666 #'6  ""6!""'6 ' 6"6,    9+.0:4;0=4B152+0795<041+25<+30-.0 4<9+20 [2-=5.0 =4;.<2-+380 152<-=;6526: 4;<90 [2-=50 5.C0 95.580 9470 74;6C :4;025<+04;20b141^0B;3-=>   6  #  6 #!6 !6 % !"66  -6!66"6%6$ 47 Y;?95C7 C E5½@>58>7 957 9;=>?7 89@5;?E>Y !'6  ' 6 !"6  ,6 6   4U95C7;=>7B48>7Y>Œ>?YP C B 95<0 394;6C0 D+0 <9+0 246+0 4[0 B;3-=464/-3<30-.05CY5.=-./0<9+0=4;23+ 4[04;20b141^0B;3-=> #!!"!6  $6 '6 ' !6 "6 ',6  ' # 6 6 !6 '6 ' "" 6 ""-6  "6    E5½@>58E5C7 C ;=>7 4?;EY;>Y7 ;=?9@C=7 C 9@? $ #!6  !6 6 !("6  "  6 "6   !"$6  6 # 6 ! ' ' $%-6  !" "6 '!!-6 '  U96E:84;E957 9J7 89@?Y>7 895;>5;<  #"66   ,66$ 6% 6  !"$66#!6!66  " !6%6!6!66%6#!"6" !

  ""6 %6  "6 "6       "!"!,6 #!6 !6  6 "6 !,    6  6 $ #!6 !""#"!6 6 "!  "6 6 "!6 #!"6 6  #"6 "6 " #  6!,6 -660 :4;0 35:0 5=5C+B-=0 B;3-=-5.3 95Y+0 D++.0 C4-./0 +.4;/90 <40 -B124Y+ <9+0Z;56-<:04[0B;3-=04.04;205-275Y+3> -661"6"6!,6  6!66" %6 "%6 "6 2 %6 6 " %-36 "!"!6 6"66"#6%"6" !-6 "6 !6 $ %'!66! '  "6"!$!6'  ' #!66%  "6!  6   !6 #"6 !6 !6 "6  6  ",  "#6"1!66"66"6    "6"6" 6!#6665",6  Y=9@x67:5674789UU957C?9@567{>;q>>5 C " '6 ' 6 "#6    ,6   !-6 #!6 !6 !'6 ' 6       ",6 6 ! !16 &  !6 !# 6 6  "6   $6 "6 "6 6 " !"'-6 ' %6 #!"6 $6 "6 # ! 6"6!"'6" ' #6#  6 "!66% 1"6 6 "!6 '6 !"'6 6 6 " 0"%1,

# 6 # ##6 !6 !"6 "6 $ ' $"6 "6  !"6 # 6 #    -6 %6 !#6 #6 !!6    "6  # 6  #!6 " " 6 !" 6 !!6 #!6 '!!, ' " -6 %6 !#6 !" "6 ' '  # 6 # ##6 "6 $6     " "6 6 #   6 #!6  " 6 "6   !6 ""6  6 $" "6   !6 6  !6 "6   " 6 '-6 '  "6  # 6 6 #"#   ",6  "1!6 "6 "6 !" "6 #   6" "6 !" ,6"6!6" "6 $6 # 6 %6 #!6 ""',6 ' "6 ! "6 "6 6  # 6 !"6 #!6   ' ',  !6  6 ""6 #"6 # 6  ' ' "6 # 6  #!6 !6   $6 #! 6 # 6 6 !6 6 "",6  6  !6 6 "6 !  !6   "6  "6 #!6 !6 6 " 89@5;?E>Y7 ;=>M7 M :567 ;=>UY>xV>Y<7 q>  !6"66 6 6"6"" "6%"!, +052+0.470-.05.05/+04[0C2;B0B5=9-.+8 5.0 5/+0 4[0 <9+0 b4.+0 B5.0 42=9+3<25^8 79+.0<+=9.464/:0-30C-3165=-./0B5.0-. +s12+33-./09-3052<]003050C2;BB+2807-66 :4;0 35:0 <+=9.464/:0 9530 B5C+0 C2;B 1+2[42B5.=+0 2+C;.C5.<0 -.0 <4C5:^3 7426C04[04256052<>

-6 "6 !6 ",6 #"6 " -6 "6 ! 6 6 " #!6 $#6 "6 "6  " 6  #,6  '6 ' $6 %$ 6 !.   6  # !6 !#6  6  6 "6  $"!6  "!6  !"6  !6  ,6 6 !#  6 "6 #!6  6 6  #6  ! 6" -6 '"6%"-6!'   #6 !6 6 $"6  # Y9§q4?>7;9789UBx>U>5;79@?76?@U74?;P B 66"6  $66# 6#!"', ' 6 6 "6 " "6  6 6 "  #"6  "6 %"6  "!6 6 " $6% , 40 :4;0 <9-.?0 4;20 b141^0 B;3-=-5.3 74;6C095Y+0[52+C0D+,+20D:05=Z;-2-./ D53-=0 ?.476+C/+0 4[0 B;3-=0 5.C -.3<2;B+.<0165:-./> >:5E;>xM7 M M>YÌ7 M 59qx>6C>7 C EY7 B B9q>?P 6 6 "6 #6  "'6 ' 6 # " ""6 #!" ' ',6 "6 !6 " 6 !6 %6 6  '6 '  " !" 6  6 ',6 ' %  9J7 U@YE87 4Y7 457 4?;7 E58?>4Y>Y7 >~8E>58M< M #!6 6 6  #"$"',6 ' " Y;?>5C;=>5Y7 C E55>?7 895:6>58>7 4567 E; "!6!6%6!6!#!"!6  "$"', ' "6!6!"6""6'6    '    "!"!6 "6 !6  6 6 '6 '  6 #!" :V>7 UE5@;>Y7 {>J9?>7 U96@x4;E5CP7 C 9@ :567 E;7 4{Y9x@;>xM7 M EUB9YYE{x>7 B 4;7 ;EU>Y "6" 6" 6"6" ,6'66 ' "6 1"6 '6  ' #!6 !" #"!, '6 ' $6"6" 6 "!6#!#!'' ;=>?>{M7 B@ŒE5C7 x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




        

          $%9#9$"9#99#$$9#%"&)"19

)9 %9 #9 9 '9 '9 #9 ##$9%$9%"$%"9$$#09Œ99 '"19#9#$9% 99$9)9#9 9#99&99$9$9#$)099 $#9$"&'9'$9 19#9##9 "9$99"9 "$19#"#9"9&'#99")9 ""19 9 %"#9 '9 $9 $"%9 9 9 $9 #$99)9#0

9 #9 9 '9 '$9 9 "9 "$99)%9$9##9"9 9 9 "'9 %#9 #9 #$#9 %$09 $9")9$#9$9#$")9 9 )9%199#$$9#%"&)"19 '9#9"%#99$9)0 9 #9 "9 #$9 $9 %$9

"9 '19 #9 #29 69 $9

"9 '9 "9 %$%9 9 "'"09 9 Œ9"9 '$9 $)9 19$)95$9$9)$9 9$9 '09 )9 $9 &")$9 $$9 #9$"9')99$"9#$"99)%9 '9 $$9 '9 "9 9 9 #$)9 '"9 $9"9 " $9#9$$9)99 "9 #9 %$9 #9 '19 '9 #$9 &9 $9#%"&&099"9$99)99 '999Œ9"179#9#0 #$9 "9 9 9 $9 "9 9 )#19 %9 "'9 % 9 9 #9 9 #"#9 "#9 #9 9 #9 )9 "$19 $%9 "9 "$#9 "9 "9 $9 $$09 "9 $#9 -,8)"89 $"9 *"9 9 $"9 9 $'19 $"9 #9 '$9 $#9 '9 #19 #$"##9 $$9 '$9 "9 "#$9 19 #9 #9 9 $9 "9 9 #999$9#%"%$9#$99$9 #9 $9 "#09 9 $%29 69 $9 9 "9 )9 %#39 9 #9 ")9 &9 9 $9  "$%$)9 $9 &#$990 9 #9 %$9 "9 $9 9 $9 ")9 ""9 19 %9 &'#9 $9 "9 9 ”9"$9 "# $&09 69 %#%)9 #)9 $#9 $9  39 9 )%9 "9 9 #9 )19 9 #9 9 "#9 "9 )%"9 #$$%#9 %#9 ""9 9 9 !%$9 19 #9 9 )%9 $9 ""9 $9 9 ")9 9 $19 $9 #5$9 ##")9 9 $$9 )%9'9#%"&&099$5#9")19$"9"9 "9 #09 "9 $#9 $$9 "9 ""19 9 $9 #)9 $9 $9 "9 )%9 #$"$9 &9 ##%#19 "'9 9 9 $9""0 6 9$"%$9#9$$99)%9"")9")19 )%9 9 $"%9 9 $9 $#19 #9 #$#9 '9 )%9 "")9 $19 )99#9%#$9$")9$9# "9)%9 #9###09%9'19$5#9$9#)39 9&99""9"9+.9)"#999 '9$$9$5#9$9#)0 6 )9%#19'99$9!%$9 '$9 $9 9''9 &"#$)9 9 $9 )"#9 $"9 $9 $9 &"#$)9 9 #9 '9 9 '#9 #$%)9 "9

)9 9 $9 #)#9 $$9 '9 #%9 %#$9 $%9 $#9 $9 %#9 ""9 #9 9 &"8"$09 %9 '9 )%9 "9 &9 '$9 $9 #9 "#19 9 '$9 $9 #9 ##%#09

")19 9 )%9 &9 9 "9 9 )%9 &9 #9 #"$#19 )%9 9 #)9 #)9 )9 "9 %$9 #9 $#9 ”99%$9'$99%#9"9'19$9#9$9 #)9$99$$99$9$#9"179#9 #0 #9 9 $"9 #$$9 #%"&)"19 9 '"#9 ')9 #9 9 $9 #$9 % 9 9 $9 )9 #9 '09 9 #9 $$9 $9 #9 "9 '9 ')9 9 &9 9 $9 $9 #$)09 $9 9 ##9 $9 $"9 )#19 #9 9 $$9 $9 '#9 $9 %$9 #9 #$9 % 9 $9 $9 )9 $$9 #9 "#9 $$9 )9  9 %5$9 )9$19$)9'"9)9 $9 $%##$#09 #!%$)19 "999$9 %$9"9$"%9$9 "%$#9%#9$9#99 "$9$$9#9 "9$9"9"$0 69 9 $9 #$9 % 9 9 $9 )9%#99'#9&")9 ##$9 %$99#09%9'%9"#9$$9 "19)#9$'9$9#99/9$9 +.9 9 $9 &"%#9 $9 #9 $9 9 $"9 "9 ##9 #9 $9 '"09 9 $9 $9 9 $9 9 #%"9 ""9#9$$999 "$"9'$9 $9%'9 999&"$9 %#9$$9#9)9$)09 #$99 %#$9 &9 $9 $9 %$9 $9 %$9 $)9 5$9 '9 '9 $9 "09 9 )9 #9 9 %$9 "9 #$"#19 #9 $$9 '9 $#9 #9 "9 '$9 9$9$19$)99%"#$9 #9 9 $9 $!%#09 %"9 "9 "9 5$9 $9 $09 "19 )%9 $9 $9 )9 $9 9 )%9 "9 ( #9 $9 $#9$#07 9 9  ##9 $$9 6$%9 $9 )9#99%$9"9$$#19 #9 '%5$9 '$9 $9 )#9 $9 9 $8"*)9 9 "$9 $"9 #09 9 9 #9 %#$9 $9 9 $9 "(19 &9 %19 ( "9 9 &9 $9 9  "$%$)9 $9 '9 '$9 $9 $#9 $9 )9$19)#99%"#$9 9$9$0 6 #9 #9 ')9 $9 )9 #9 #$"$)9 "9 )#09 9 9 $9 $9 $9 "#9 %#9 $)9 "9 &")9 $9 9 9 '%5$9'$9)9"9$9#9"9"9 "9 #$%"99$9179#9#0 


73

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

Sunday Business World Bank and abandoned projects syndrome The prevalence of abandoned p r o j e c t s around the country has become worrisome, and the spate of the World Bank-and community-assisted projects becoming ‘white elephants’ call for attention. In this write up, WILLIAM ANAEBONAM x-rays all the parts to the issue and proffers solutions.

S

ince independence, especially over the last three decades, Nigeria has reaped fortunes from petroleum exports, estimated to be in the magnitude of almost a trillion dollars since 1980. Although, a large chunk of this money has {>>57 Y;9x>5<7 U@8=7 9J7 ;=>7 :5458E4x7 haemorrhage has been due to poor project management. Considerable resources have been ploughed into roads and other infrastructure and social development projects. In spite of all these enormous investments, outcomes have been rather poor. The syndrome of ‘abandoned projects’ has become a dominant feature of Nigeria’s political economy. There is no community in Nigeria that does not have an abandoned project. Apart from non-completion, most projects have performed rather poorly, with many yielding less than optimal returns on investment. Several examples of these abound from the oil and gas sector, iron and steel, road construction, electricity, agriculture, health and social development. Several factors have been adduced J9?7 ;=EY7 Y9??M7 Y;4;>7 9J7 4”4E?Y<7 ranging from poor project appraisal

Jonathan

Okonjo-Iweala

to inadequate supervision and management, lack of accountability, rent-seeking activities, lack of political will and corruption. At the heart of this failure is the 4{Y>58>7 9J7 >”>8;EV>7 E5Y;E;@;E95Y7 and mechanisms for monitoring and evaluation. Unfortunately, some of the abandoned projects include World Bank assisted and community project. According to the World Bank website, assisted projects in Nigeria in the form of loans and credits total about $10.5 billion US Dollars (about N1.5 trillion) spread across over 29 ongoing projects with a total cost of $4.5 billion. These projects are meant to assist in infrastructural development of the country, while some of them are humanitarian in nature. Most of the projects are

community based, in which case, the projects are conceived by the community with active participation of the people, the local government and the state governments who are expected to pay their counterpart funds in aid of the projects. Virtually all the states of the

CBN deploys 177,646 PoS in eight months

Continued on Page 74

Exchange rates as at 12/9/2013 Buying (N) Central (N)

Currency

US DOLLAR POUNDS STERLING EURO SWISS FRANC YEN CFA WAUA YUAN/RENMINBI RIYAL DANISH KRONA SDR

BUSINESS INTERVIEW

BUSINESS NEWS

federation and local governments have at least one World Bank project ranging from polio eradication support, health investment projects, water and sanitation, electricity, youth employment and

154.76 244.4589 205.7534 166.3013 1.5566 0.294 233.9432 25.2941 41.2616 27.5796 235.1888

155.26 245.2487 206.4182 166.8386 1.5617 0.304 234.6991 25.3763 41.3949 27.6687 235.9486

Selling (N) 155.76 246.0385 207.0829 167.3759 1.5667 0.314 235.4549 25.4585 41.5282 27.7578 236.7085

MONEY MARKET

How I weathered NSE to sanction the storm to nurture erring members FCMB —Balogun Pg. 79

Pg. 78

Pg. 75


74

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

BUSINESS COVER

World Bank and abandoned projects Continued from Page 73

Y98E4x7 Y@BB9?;7 9B>?4;E957 ;97 54;E954x7 @?{457 q4;>?7 Y>8;9?7 ?>J9?U7 B?9}>8;Y7 4567 47 =9Y;7 9J79;=>?YP 9?U4xxM<7;=>7B?9}>8;Y74?>7 >X>8@;>67 @56>?7 47 @5Ex4;>?4x7 4C?>>U>5;7 4??45C>U>5;7 E57 q=E8=7 B4?;E8EB45;Y7 4?>7 >XB>8;>67 ;97 89Â?J@567 ;=>7 B?9}>8;7 {M7 B4ME5C7 47 8>?;4E57 B>?8>5;4C>7 9J7 ;=>7 ;9;4x7 89Y;7 9J7 ;=>E?7 89@5;>?B4?;7 J@56Y7 q=Ex>7 ;=>7 Y;4;>7 C9V>?5U>5;7 Y@B>?VEY>Y7 ;=>7 B?9}>8;Y7 q=Ex>7 ;=>7 >6>?4x7 9V>?5U>5;7 B?9VE6>Y7 ;=>7 9V>?4xx7 Y@B>?VEYE957 4567 4BB?9V4xP =>7 B?9{x>U7 EY7 ;=4;7 E57 U9Y;7 84Y>Y<7 ;=>7 Y;4;>Y7 4?>7 95xM7 E5;>?>Y;>67 E57 C?4{{E5C7 ;=>7 9?x67 45Â&#x192;7 C?45;Y7 4567 6EV>?;E5C7 E;7 E5;97 9;=>?7 B?9}>8;Y7 qE;=9@;7 ;=>7 4BB?9V4x7 9J7 ;=>7 >6>?4x7 9V>?5U>5;74567;=>79?x67 45Â&#x192;P7=>Y>7Y;4;>Y74567;=>E?7 C9V>?5U>5;7 Y>>7 ;=>7 C?45;Y7 4Y7 J?>>7 U95>M7 ;=4;7 89@x67 {>7 @Y>67 45M=9q7 qE;=9@;7 Y@B>?VEYE9579?7Âľ@>?MP7 57 Y9U>7 84Y>Y<7 ;=>7 }9{7 =4Y<7 >E;=>?7 {>>57 B99?xM7 >X>8@;>6<7;4Â&#x192;>5747x95C7;EU>7 ;97 89UBx>;><7 9?7 4{45695>67 9@;?EC=;xMP7 =>7 >567 @Y>?7 q=E8=7 EY7 ;=>7 B>9Bx>7 4567 ;=>7 89UU@5E;M7 4?>7 ;=>7 95>Y7 ;=4;7 Y@Â&#x201D;>?7 ;=>7 {?@5;7 4567 84?>x>YY5>YY7 9J7 ;=>7 B4?;E8EB45;Y7 E57 ;=>7 B?9}>8;<7 U9Y;xM7Y;4;>7C9V>?5U>5;YP 57 ;=>7 9;=>?7 =456<7 Y9U>7 Y;4;>7 C9V>?5U>5;Y7 =4V>7 @Y>67 Y@8=7 9?x67 45Â&#x192;7 4YYEY;>67B?9}>8;Y7;97EUB?9V>7 E5J?4Y;?@8;@?4x7 J48ExE;E>Y7 E57 ;=>E?7Y;4;>YP77C9967>X4UBx>7 9J7Y@8=7Y;4;>Y7EY74C9Y7;4;>P7 =>7 Y;4;>7 =4Y7 @Y>67 Y@8=7 B?9}>8;Y7E57;=>74?>479J7q4Y;>7 U454C>U>5;<7 >5VE?95U>5;7 Y@8=7 4Y7 >4?;=7 4?>7 9xE67 4Y;>7 9UB9Y;E5C7 ?9}>8;<7 4C9Y7 456:xx<7 C4Y7 4567 89UB9Y;E5CP7 57 ;=>7 4?>47 9J7 >6@84;E95<7;=>?>7EY7;=>74C9Y7 Â&#x192;97 >89564?M7 6@84;E957 ?9}>8;7 @56>?7 q=E8=7 U96>x7 Y8=99xY7 q>?>7 {@Ex;7 4xx7 9V>?7 ;=>7Y;4;>YP =>7 9?x67 45Â&#x192;7 =4Y7 4xY97 4YYEY;>67 ;=>7 Y;4;>Y7 E57 ;=>7 4?>47 9J7 ;?45YB9?;7 U454C>U>5;<7xEÂ&#x192;>7;=>74C9Y7 ?{457 ?45YB9?;7 ?9}>8;7 4567;=>7B?>B4?4;E9579J7Y;4;>7 9J7 ;=>7 8E;E>Y7 ?>B9?;P7 =>7 B9B@x4?77q4Y74xY97 47 9?x67 45Â&#x192;7 B?9}>8;7 ;=4;7 =4Y7 ;9@8=>67 ;=>7 B>9Bx>7 47 x9;P7 9q>V>?<7 ;=>7 B?9{x>U7 EY7 qE;=7 U95E;9?E5C7 4567 >V9x@;E9579J7;=>Y>7B?9}>8;YP 574xx78>?;E;@6><7U95E;9?E5C7 4567 >V4x@4;E957 G7 Ă?7 I7 EY7 59;7 47 5>q7 B=>59U>5957 E57 EC>?E4P7 57 ;=>7 ²º´¹Y7 q=>57 ;=>7 >6>?4x7 9V>?5U>5;7 E58@??>67 =@C>7 x9457 J?9U7 ;=>79?x6745Â&#x192;7;97B?9U9;>7 4C?E8@x;@?4x7 6>V>x9BU>5;<7

Abandoned Oron Road project, Akwa Ibom

an Agricultural Monitoring ~8>7 q4Y7 >Y;4{xEY=>67 ;97 U95E;9?7 ;=>7 B?9C?>YY7 9J7 B?9}>8;7 EUBx>U>5;4;E957 E57 ;=>7Y>8;9?P7@8=7U95E;9?E5C7 B?9VE6>67>Â&#x201D;>8;EV>7J>>6{48Â&#x192;7 ;97 ;=>7 B9xE;E84x7 4@;=9?E;E>Y7 4567 6959?7 4C>58E>Y7 ;97 >5Y@?>7 ;=4;7 ?>Y9@?8>Y7 q>?>7 {>E5C7@;ExEY>67B?@6>5;xM74567 }@6E8E9@YxMP7 =>7 J4Ex@?>7 9J7 ;=>7 9?x67 45Â&#x192;7 Y@BB9?;>67 C?E8@x;@?4x7 >V>x9BU>5;7 ?9}>8;Y7 GYI7 q>?>7 ;=>?>J9?><7 59;7 957 4889@5;7 9J7 B99?7 U95E;9?E5C7 4567 >V4x@4;E95<7 {@;7 U4E5xM7 6@>7

In some cases, the job has, either been poorly executed, taken a long time to complete, or abandoned outrightly. The end user, which is the people and the community are the ones that suffer the brunt and carelessness of the participants in the project, mostly, state governments

;97 EUB?9B>?7 E5E;E4x7 B?9}>8;7 4BB?4EY4xY7 4567 x48Â&#x192;7 9J7 ?>YB95YEV>5>YY7 {M7 B9xE;E84x7 4@;=9?E;E>Y7;977Ă?77?>B9?;YP ?>4;>?7 EUB>;@Y7 q4Y7 CEV>57;977Ă?77;=?9@C=7;=>7 >V>57 9E5;7 C>5647 9J7 ;=>7 4?Â&#x160;6@47 46UE5EY;?4;E957 qE;=7 E;Y7 J98@Y7 957 ;=>7 Â&#x192;>M7 Y>8;9?Y7 9J7 G²I7 5>?CMĂ 7 GÂŻI7 C?E8@x;@?>7 4567 9967 >8@?E;MĂ 7GÂłI7>4x;=7?>4;E957 45679V>?;M7xx>VE4;E95Ă 7GÂťI7 4567 >J9?UĂ 7 GĂ&#x160;I7 >8@?E;M7 9J7 EV>Y7 4567 ?9B>?;MĂ 7 G¡I7

@U457 4BE;4x7 >V>x9BU>5;7 E58x@6E5C7 89UB@xY9?M7 6@84;E957 J9?7 =Ex6?>5Ă 74567G°I7?45YB9?;7 4567 6>V>x9BU>5;7 9J7 U4YY7 ;?45YE;7YMY;>UYP77 =>7 8@??>5;7 ?45YJ9?U4;E957 C>5647 =4Y7J@?;=>?7{@Â&#x152;?>YY>67;=>Y>7 B?E9?E;E>Y<7 qE;=7 47 J98@Y7 957 ;=>784B48E;M7;976>xEV>?74567;97 B>?J9?UP7>6>?4x74@;=9?E;E>Y7 4?>7 E58?>4YE5CxM7 E5YEY;>5;7 957 :5458E4x7 B?9{E;M7 4567 4889@5;4{ExE;MP7 =EY7 =4Y7 >5;4Ex>67 C?>4;>?7 488>B;458>7 9J7 ;=>7 ?9x>7 9J7 7 Ă?7 7 E57 U454C>U>5;7 9J7 B@{xE8xM7 :5458>67B?9}>8;YP >J9?>7 ²ººº<7 Y>V>?4x7 B?9}>8;7 U95E;9?E5C7 48;EVE;E>Y7 q>?>7 84??E>67 9@;7 {M7 ;=>7 4;E954x7 x455E5C7 9UUEYYE957GI<7x>46E5C7 ;97 B?96@8;E957 9J7 Y>V>?4x7 ?>B9?;Y7 89V>?E5C7 ;=>7 M>4?Y7 ²ººĂ&#x160;Â?²ºººP7 >V>?4x7 Y7 4xY97@56>?;99Â&#x192;7467=9877Ă?7 748;EVE;E>Y<7qE;=7xEÂ&#x152;x>7{Mq4M7 9J7 J>>6{48Â&#x192;7 J9?7 B?9C?4UU>7 Bx455E5C7 4567 J@;@?>7 B9xE8M7 U4Â&#x192;E5CP E;=E57 ;=>7 {@?>4@8?48M<7 Ă?7=4Y759;7{>>57?>C4?6>67 4Y7 47 B?E9?E;M7 J@58;E95P7

?C45EY4;E95Y7 E5V9xV>67 E57 ;=EY7?9x>7=4V>7{>>57Y;4?V>679J7 J@56E5C74567@56>?Â?@;ExEY>6<7 qE;=7 U45M7 9J7 ;=>E?7 ?>B9?;Y7 EC59?>67 E57 ;=>7 B?98>YY>Y7 9J7 {@6C>;7 4xx984;E957 4567 B?9C?4UU>7 B?E9?E;EY4;E95P7 567 9J7 ;=>7 Ă?7 ;=4;7 69>Y7 988@?<7 ;=>7 J98@Y7 =4Y7 {>>57 >5;E?>xM7 957 U95E;9?E5CĂ 7 4xU9Y;7 597 >V4x@4;E957 EY7 ;4Â&#x192;E5C7 Bx48>P7 ;7 B?>Y>5;<7 U95E;9?E5C769>Y759;7E5V9xV>7 >XB>56E;@?>7 ;?48Â&#x192;E5C<7 4567 E;7 69>Y7 59;7 xE5Â&#x192;7 48;EVE;E>Y7 ;97 6>V>x9BU>5;7 ?>Y@x;YP7 ;7

Beyond the line ministries, a range of key government institutions have been engaged in monitoring exercises, which are similarly limited

@Y@4xxM7 ;4Â&#x192;>Y7 ;=>7 J9?U7 9J7 :>x67VEYE;4;E95Y7;9747Y>?E>Y79J7 B?9}>8;Y7E5747Y=9?;7;EU>7YB45P7 9V>?5U>5;7EY759;7>5C4C>67 E57 >VE6>58>Â?{4Y>67 6>8EYE957 U4Â&#x192;E5C74;7;=>7B?>Y>5;7;EU><7 59?7EY7;=>?>789UUE;U>5;7;97 4BBxME5C7 7 >XB>56E;@?>Y7 ;?48Â&#x192;E5C7;99xYP >M9567;=>7xE5>7UE5EY;?E>Y<7 47 ?45C>7 9J7 Â&#x192;>M7 C9V>?5U>5;7 E5Y;E;@;E95Y7 =4V>7 {>>57 >5C4C>67 E57 U95E;9?E5C7 >X>?8EY>Y<7 q=E8=7 4?>7 YEUEx4?xM7 xEUE;>6P7 V>57 q=>57 ;=>M7 4?>7 84??E>67 9@;7 {M7 8?E;E84xxM7 Bx48>67 6>B4?;U>5;Y7 ;=4;7 =4V>7 ;=>7 89?>7U4564;>7J9?7Ă?<7Y@8=7 4Y7 ;=>7 @6C>;7 95E;9?E5C7 4567V4x@4;E9575E;7qE;=E57 ;=>7 @6C>;7 ~8>7 9J7 ;=>7 >6>?4;E95<7 ;=>7 ?>Y@x;Y7 697 59;7J>>67E5;97?>4x76>8EYE954x7 B?98>YY>YP =>?>7 EY7 4xY97 ;=>7 ?4;=>?7 B99?7 Y;4;>7 9J7 Y;4;EY;E84x7 E5J?4Y;?@8;@?>P7=>7Y;4;EY;E84x7 YMY;>U7E57EC>?E47=4674xx7{@;7 89xx4BY>67{M7¯¹¹³74Y747?>Y@x;7 9J7B99?7U454C>U>5;<7@56>?Â? J@56E5C74567x48Â&#x192;79J7B9xE;E84x7 E5;>?>Y;7 E57 C4;=>?E5C7 64;47 J9?7C9V>?5458>P7š {EY7BE8;@?>7 EY7 C?46@4xxM7 {>CE55E5C7 ;97 8=45C><7 qE;=7 47 ?>J9?UE5C7 4;E954x7@?>4@79J7;4;EY;E8Y7 Y;4?;E5C7 ;97 ?>V>?Y>7 ;=>7 ;?>56P7 =>7 7 =4Y7 {>>57 46V984;E5C7 J9?7 C>5>?4;E957 9J764;47;97;?48Â&#x192;7Â&#x192;>M754;E954x7 6>V>x9BU>5;7 >XB>56E;@?>Y7 4567 ;97 U4Â&#x192;>7 Y@8=7 9@;89U>Y7 4V4Ex4{x>7 ;97 ;=>7 X>8@;EV>7 4567 ;=>7 >CEYx4;@?>P7 ;7 EY7 4xY97 q9?Â&#x192;E5C7 =4?67 ;97 E5Y;E;@;E954xEY>7 89?>7 Y@?V>MY7 ;=4;7qExx7B?9VE6>7E5J9?U4;E957 957 B9V>?;M7 9@;89U>YP7 @??>5;7 7 Ă?7 <7 9B>?4;E954x7 B?98>6@?>Y<7>YB>8E4xxM7E57;=>7 E5J?4Y;?@8;@?>Y7 Y>8;9?<7 J98@Y7 U4E5xM7957:5458E4x7U95E;9?E5C7 9J7 >XB>56E;@?>7 957 84BE;4x7 B?9}>8;YP7 95>;=>x>YY<7 ;=>?>7 EY7 8@??>5;xM7 597 U95E;9?E5C7 9?7 >V4x@4;E957 9J7 ;=>7 Y98E4x7 9?7 >8959UE87 EUB48;Y7 9J7 E5J?4Y;?@8;@?>7 B?9}>8;Y7 9;=>?7 ;=457;=4;784??E>679@;7{M7>X;>?54x7 6959?7 4C>58E>Y7 Y@8=7 4Y7 ;=>7 9?x6745Â&#x192;<7 74567 P 9E5C7 J9?q4?6<7 E;7 EY7 EUB>?4;EV>7 ;=4;7 ;=>7 >6>?4x7 9V>?5U>5;7 E5Y;E;@;E954xEY>Y7 47 ?9{@Y;7 4889@5;4{ExE;M7 J?4U>q9?Â&#x192;7 {?E5CE5C7 ;9C>;=>?7 ;=>7 ?>x>V45;7 4C>58E>Y<7 ;=>7 ?>YE6>58M7 4567 ;=>7 >CEYx4;@?>P7 57 9@;=7 J?E84<7 E5C4B9?>745679;=>?7>U>?CE5C7 54;E95Y<7 UE5EY;>?Y7 4567 ;=>E?7 6>B4?;U>5;Y7 4?>7 CEV>57 8x>4?7 U4564;>Y7 qE;=7 U>4Y@?4{x>7 ;4?C>;YP7 =>E?7 B>?J9?U458>Y7 4?>7 U>4Y@?>67 qE;=E57 ;=>7 J?4U>q9?Â&#x192;7 9J7 9{}>8;EV>7 8?E;>?E47 4567 ;=>7 9@;89U>Y7 4?>7 J>67 {48Â&#x192;7 ;97 ?>x>V45;7 B9xE;E84x7 4@;=9?E;E>YP7 97 4U9@5;7 9J7 B?>48=E5C7 8457 8=45C>7 ;=E5CY7 E57 EC>?E47 @5x>YY7 4567 @5;Ex7 q>7 EUBx>U>5;7 Y@8=7 J99xB?99J7 YMY;>UY7 J9?7 B>?J9?U458>7 4567 4889@5;4{ExE;MP


75

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

BUSINESS NEWS

NSE to sanction erring members Friday Ekeoba

F

or delay in complying qE;=7 E;Y7 ?@x>Y<7 7 ;=>7 EC>?E457 ;98Â&#x192;7 X8=45C>7 GI<7 Y4E67 E;7 qExx7 :5>7 Y9U>7 6>4xE5C7 U>U{>?7 :?UY7 q=97 4?>7 M>;7 to register their compliant 9~8>?Y7;=>7Y@U79J7Ă&#x160;¹¹<¹¹¹P According to a circular ¸ ¸¹²¸ ¸¹º¸²³7 4567 YEC5>67 {M7 >46<7 ?9Â&#x192;>?7 >4x>?7 >C@x4;E957 4;7 ;=>7 <7 x@J>UE7 =9{45}9<7 =>7

said this is in line with Article 15(a) and (c) of the Rules and Regulations governing dealing members and are required to provide the Exchange with the following details of your compliance 9~8>?GYIĂ&#x2039;7 54U><7 64;>7 9J7 4BB9E5;U>5;<7 >8@?E;E>Y7 4567 X8=45C>7 GI7 ?>CEY;?4;E957 Y;4;@Y<7;=>78E?8@x4?7Y4E6P The circular which was sent dealing members read thusâ&#x20AC;&#x153;Please be reminded that failure to have a compliance

9~8>?7 4Â&#x152;?48;Y7 47 >54x;M7 9J7 Ă&#x160;¹¹<7 ¹¹¹P¹¹<7 B@?Y@45;7 ;97 9xE8M7¹²7<Â&#x2021;7;=>77Y4E6P This is coming on the heels of the suspension of ³º7 >4xE5C7 >U{>?7 E?UY7 {M7 ;=>7 7 J9?7 9B>?4;E5C7 qE;=9@;7 89UBxE458>7 9~8>?Y7 4Y74;7>B;>U{>?7¹º<7¯¹²³P =>77=467Y4E67;=4;7J?9U7 B?Ex7 ¹²<7 ¯¹²²<7 4xx7 >4xE5C7 Members must have all their correspondence signed {M7 ;=>7 =E>J7 9UBxE458>7 ~8>?7456¸9?7;=>7454CE5C7

E?>8;9?¸=E>J7 X>8@;EV>7 ~8>?79J7;=>7:?UYP ?E9?7 ;97 ;=EY7 ;EU><7 ;=>7 7 said its Article 15(c) rules Y;4;>Y7 ;=4;7 >4xE5C7 >U{>?7 :?U7Y=4xx74;74xx7;EU>Y7=4V>795>7 9?7 U9?>7 9UBxE458>7 9~8>?Y7 q=97 Y=4xx7 {>7 E6>5;E:>67 ;97 the Exchange and competent ;97 46VEY>7 ;=>7 U>U{>?7 :?U7 and its employees on the 4BBxE84;E957 9J7 ;=>Y>7 @x>Y<7 and shall report to the Exchange any legal violation qE;=E57 ¯7 =9@?Y7 9J7 ;=>E?7

knowledge of such violation and propose the appropriate ?>U>6M7;=>?>;9P7 They shall also be responsible for ensuring that money laundering training programmes are administered on persons Âľ@4xE:>67;978956@8;7{@YE5>YY7 957;=>7{>=4xJ79J7;=>7:?UP @8=7 9~8>?Y7 4?>7 >XB>8;>67 ;97{>78x>4?>67{M7;=>7>8@?E;E>Y7 4567 X8=45C>7 9UUEYYE957 GI7{>J9?>7;=>E?754U>Y74?>7 Y@{UEÂ&#x152;>67;97;=>7P7

Stanley Black & Decker power tool for Nigerian market

W

ith a mission to provide q u a l i t y products and deliver key requisites ;97 @Y>?Y7 E57 EC>?E4<7 ;45x>M7 x48Â&#x192;7 Ă?7 >8Â&#x192;>?7 has launched its home appliances and power ;99xYP The launching held recently with the launching 9J7 Ă?7 =9U>7 4BBxE458><7 which also includes the x4@58=E5C7 9J7 B9q>?7 ;99xYP7 45M7 B9?;4{x><7 {4Â&#x152;>?MÂ? B9q>?>67 4567 >5>?CMÂ? saving home products and power tools were launched to provide solution to ;=>7 5>>67 9J7 @Y>?Y<7 q=97 desire multifunctional and >~8E>5;7B?96@8;YP77 The products launched are home appliances and B9q>?7;99xY<7q=E8=7E58x@6>7 6@Y;7 {@Y;>?<7 V48@@U7 8x>45>?<7 Y;>4U7 {@Y;>?<7 Y;>4UÂ?U9B<7 ;94Y;>?7 9V>5Y<7 Y;>4U>?<7 ?E8>7 899Â&#x192;>?Y<7 6>>B7 J?M>?Y<7 ;94Y;>?Y<7 C?ExxY7 4567 Y456qE8=7 U4Â&#x192;>?Y<7 UE8?9q4V>7 9V>5<7 Â&#x192;>Â&#x152;x>Y<7 89Â&#x201D;>>7U4Â&#x192;>?<7B?>YYE5C7E?95<7 =4567{x>56>?<7B>?J9?U458>7 Â&#x192;E;8=>57 U48=E5><7 U@x;EÂ? J@58;E954x7 J9967 B?98>YY9?<7 8=9BB>?Y<7 J9967 B?98>YY9?<7 J45Y<7 9Ex7 ?46E4;9?<7 {x>56>?<7 portable consumer electric 6?Exx<7 89?6x>YY7 6?Exx<7 q9?Â&#x192;U4;><7 U9@Y><7 Y456>?<7 4@;9Y>x>8;7 ;>8=59x9CM<77 4U95C79;=>?YP In his speech during the x4@58=<7 Ă?7 4?Â&#x192;>;E5C7 454C>?<7 95Y@U>?7 ?96@8;Y<7 E66x>7 4Y;7 4567 J?E84<7 459}7 45EÂ&#x192;Â&#x192;4x<7 said the initiative became necessary to satisfy the needs of users of the products in Nigeria who 6>YE?>7 B>?J9?U458><7 durable and quality B?96@8;YP7 >7 >XBx4E5>67 further that the products 4?>7 9J7 5>q7 {?456<7 J>4;@?>Y7 4567 ;>8=59x9CM<7 q=E8=7 U4Â&#x192;>7;=>U7@5EÂľ@>P Talking about why Nigerians should purchase ;=>7 B?96@8;Y<7 459}7

4C;E45E<7 48>7 56@Y;?E>Y7

EC>?E47 EUE;>6<7 ;=>7 U4}9?7 6>4x>?79J7Ă?7B?96@8;Y7E57 the country said Nigerians 4?>7 C>Â&#x152;E5C7 V>?M7 Y>x>8;EV>7 about the quality of products they use or invest 95P7 >7 466>67 ;=4;7 Ă?7 has a track record of many years of performance in the Nigerian market â&#x20AC;&#x153; Users in Nigeria are aware of the quality of the products 9V>?7 ;EU>P7 ;45x>M7 x48Â&#x192;Ă?7 >8Â&#x192;>?Â&#x160;Y7=EY;9?M7EY7{@Ex;7957 reputation of sound and Cx9{4x7 6@?4{x>7 Âľ@4xE;MP7 Â&#x160;U7 quite optimistic that with ;=>7 ?>Â?x4@58=E5C7 9J7 ;=>7 B?96@8;Y<7q>7qExx7{>74{x>7;97 convince more Nigerians to B@?8=4Y>7 ;=>7 B?96@8;Â&#x160;Â&#x160;7 =>7 >5;=@Y>6P The representative of Ă?7 E57 EC>?E4<7 @MEq47 4;@56><7 ?>E;>?4;>67 ;=>7 89UB45MÂ&#x160;Y7 89UUE;U>5;7 ;97 providing Nigerians with ;=>7 {>Y;7 9J7 q9?x6Â?8x4YY7 B?96@8;YP7 ><7 =9q>V>?<7 revealed that the company still intends to market and partner with more willing dealers/distributors in the 89@5;?MP x48Â&#x192;7 Ă?7 >8Â&#x192;>?7 q4Y7 >Y;4{xEY=>67 E57 ²º²¹7 {M7 P7 @58457 x48Â&#x192;7 4567 x95ž97 P7 >8Â&#x192;>?<7 q=97 J9@56>67 a small machine shop in 4x;EU9?>P7 =>7 89UB45M7 has been at the forefront of innovation starting with the E5V>5;E957 9J7 ;=>7 :?Y;7 BEY;9x7 C?EB7 >x>8;?E87 6?Exx7 E57 ²º²¡P7 Ă?7 =4Y7 YE58>7 {?9@C=;7 x9;7 9J7 q9?x6Â&#x160;Y7 :?Y;7 ;97 ;=>7 consumers in the power ;99x784;>C9?MP7 7x48Â&#x192;Ă?7>8Â&#x192;>?74xY97U46>7 history with the production 9J7 E;Y7 Ă?7 7 89?6x>YY7 6?Exx7 @Y>67 957 ;=>7 U995P7 =>7 company developed the steam mop deep clean series which encompasses 457 4xxÂ?4?9@56Â?=9U>7 Y;>4U7 8x>45E5C7 Y9x@;E95<7 84;>?E5C7 J9?7 {9;=7 ½99?7 4567 4{9V>Â? ;=>Â?½99?7 4BBxE84;E95YP²º°º7 Y4q7;=>7{E?;=79J7;=>7q9?x6Â&#x160;Y7 :?Y;7 89?6x>YY7 =4567 =>x67 vacuum cleaner from x48Â&#x192;7Ă?7>8Â&#x192;>?<7q=E8=7q4Y7 ;>?U>67;=>7@Y;{@Y;>?P7

L-R: Head, Operator Channel, Nokia Middle East and Africa, Scott Smith; General Manager, Nokia West Africa, Chris Brown; Senior Manager, Data and Portals, Airtel Nigeria, David Umoh; Head, Data Services, Funmi Omotayo, and Head, Smart Devices Business Portfolio, Nokia India, Middle East and Africa, Stefan Gerrits during the launch of Airtelâ&#x20AC;&#x2122;s new promo on the Nokia Lumia 520 in Lagos.

;45x>M<7 >Y;4{xEY=>67 E57 ²´³7 {M7 ?>6>?E8Â&#x192;7 ?>5;7 ;45x>M74Y747YU4xx7=4?6q4?>7 manufacturing shop in >q7 ?E;4E5<7 U>?C>67 qE;=7

x48Â&#x192;Ă?7 >8Â&#x192;>?7 957 4?8=7 ²¯;=<7¯¹²¹7;97{E?;=7;45x>M<7 x48Â&#x192;Ă?7>8Â&#x192;>?P77E58>7;=>5<7 ;45x>M7 x48Â&#x192;Ă?7 >8Â&#x192;>?7 has continued to lead

innovation in the hand held cleaning category for U9?>7 ;=457 ;=?>>7 6>846>YP7 Ă?7EY7?>B@;>674Y7;=>7Ă&#x160;;=7 q9?x67x>46E5C7E559V4;9?P7

Airtel offers Nigerians opportunity to own Nokia 520 Smartphone

A

irtel Nigeria 4567 9Â&#x192;E4<7 =4V>7 partnered to provide Nigerians the opportunity to exchange any of their current handsets J9?7 95>7 9J7 9Â&#x192;E4Â&#x160;Y7 Yq45Â&#x192;7 YU4?;B=95>Y<7 ;=>7 @UE47 Ă&#x160;ÂŻÂąP To qualify for the Airtel/ Nokia phone upgrade B?9C?4UU><7 8@Y;9U>?Y7 4?>7 to visit any of Airtel shops with their old but functional device of any given brand 4567 5>;q9?Â&#x192;<7 ;=>57 B4M7 457 >X8=45C>7J>>79J7ÂŻÂł<7ºº¹<7;97 9q57;=>7@UE47Ă&#x160;ÂŻÂąP =>7 9Â&#x201D;>?7 4xY97 CEV>Y7 customers who embrace E;7 @B7 ;97 ²¹<7 ¹¹¹7 q9?;=7 9J7 value for exchanging their old devices for the new @UE47 Ă&#x160;ÂŻÂą7 4Y7 ;=>M7 Y;4567 ;97 >5}9M7¡7U95;=Y7J?>>74E?;EU>7

for net calls and data worth ¡<7¹¹¹P 57 466E;E95<7 8@Y;9U>?Y7 qExx7 4xY97 >5}9M7 ;=>7 6>VE8>7 value discount worth more ;=457 Âť<7 ¹¹¹<7 {4Y>67 957 ;=>7 current market retail value 9J7¯´<7¹¹¹P B>4Â&#x192;E5C7 957 ;=>7 9Â&#x201D;>?<7 ;=>7 =E>J7 4x>Y7 ~8>?7 9J7E?;>x7 EC>?E4<7 5@Y47 >xx9<7 Y4E67 ;=>7E5E;E4;EV>7EY7459;=>?7:?Y;7 {M7 45M7 9B>?4;9?7 E57 EC>?E4<7 saying it will further provide ;>x>89UY7V4x@>7;97EC>?E45Y<7 in line with its commitment to become the most loved brand in the daily lives of EC>?E45YP 4E67 =>Ă&#x2039;7 Â&#x2039;;=>7 B=95>7 upgrade programme is yet another unique initiative by Airtel and Nokia to provide Nigerians a rare opportunity ;979q57YU4?;B=95>76>VE8>Y<7

complete with innovative applications to enhance their 89UU@5E84;E957 >XB>?E>58>P77 xY9<7 ;=>7 466E;E954x7 V4x@>7 of free voice and data services is one more reason for consumers to port to E?;>xPÂ&#x2021; =>7 >5>?4x7 454C>?<7 9Â&#x192;E47 >Y;7 J?E84<7 ?P7 =?EY7 ?9q5<7 Y4E67 9Â&#x192;E47 was ecstatic that the Lumia Ă&#x160;ÂŻÂą7=467{>>578=9Y>574Y7;=>7 smartphone of choice for 895Y@U>?Y7 ;97 C>;7 ;=>E?7 :?Y;7 YU4?;B=95>7 >XB>?E>58>7 95P7

>7 4xY97 4BBx4@6>67 E?;>x7 for leading the way on a much requested upgrade opportunity which will 9Â&#x201D;>?7 895Y@U>?Y7 ;=>7 {>Y;7 starter kit with the device discount and a fully loaded phone with free airtime and 64;47J9?7>4YM7E5;>?5>;7488>YYP


76

SUNDAY NEWSWATCH SEPTEMBER 15, 2013

MONEY MARKET

Agric funding: FirstBank seeks stakeholdersâ&#x20AC;&#x2122; partnership Stories by Friday Ekeoba

A

Y7 B4?;7 9J7 E;Y7 >Â&#x201D;9?;Y7 ;97 grow the agric sector, the Group Managing Director/Chief Executive, First Bank, Mr. Bisi Onasanya has called for continuous stakeholdersâ&#x20AC;&#x2122; engagement in the agricultural sector to ensure sustained funding. Sharing insights on the theme, â&#x20AC;&#x2DC;Growing Agriculture as a Business to Diversify Nigeriaâ&#x20AC;&#x2122;s economyâ&#x20AC;&#x2122; at the just concluded 19th Nigerian Economic Summit Group conference (NESG) in Abuja, Onasanya E6>5;E:>67 ;=>7 Y;4Â&#x192;>=9x6>?Y7 4Y7 :5458E>?Y<7 B99x>67 89UU@5E;E>Y<7 89UU>?8E4x7 9@;:;Y<7 E56EVE6@4x7 farmers, technical partners, nongovernmental organisations and research institutions, stating the need also for industry operators and policy makers to improve the understanding of the sectorâ&#x20AC;&#x2122;s :5458E5C75>>6Y7;97J48ExE;4;>7>Â&#x201D;>8;EV>7 funding for the sector. â&#x20AC;&#x153;There is an urgent need to clearly identify the parties that would be most ideal in managing the risks in the credit cycle, especially as it B>?;4E5Y7 ;97 V4x@>7 8=4E57 :5458E5C<Â&#x2021;7 he said. Noting that the advent of

credit bureaus if well integrated to the credit cycle would be invaluable as a key tool that can be deployed to mitigate risks; he urged banks and :5458E4x7 E5Y;E;@;E95Y7 ;97 E58>5;EVEž>7 to fund agric business sustainably ;=?9@C=7 ?EYÂ&#x192;7 Y=4?E5C<7 ?EYÂ&#x192;7 B?9:xE5C7 and management skills. â&#x20AC;&#x153;Risks are >E;=>?7 ;97 {>7 4V9E6>6<7 6EV>?YE:>6<7 U4Y;>?>6745679?7U454C>6PÂ&#x2021; Speaking earlier at the event, President Goodluck

Jonathan had told participants including leading government functionaries, captains of the private sector, academics, local and foreign investors that the nationâ&#x20AC;&#x2122;s emphasis is on building institutions for enduring and sustainable developmental policies in the agricultural sector. To further underscore this need, President Jonathan launched the Youth Employment in Agriculture

?9C?4UU>7 GI7 ;97 4Â&#x152;?48;7 young Nigerians to the sector. Minister for Agriculture, Dr. Akinwunmi Adesina, said the sector had during the current :5458E4x7 M>4?7 ?>8>EV>67 ÂŻĂ&#x160;7 billion as loans from banks, a development that underscores ;=>7 EUB9?;458>7 9J7 ;=>7 :5458E4x7 sector in driving the growth and development of agriculture in Nigeria.

L-R: Corporate Services Manager, Fidson Healthcare Plc, Mr Oladimeji Oduyebo; Finance Director, Mr Â&#x160;XQ_?x> Â&#x160;XQ?]Â&#x2039;>{_? ']Â&#x152;]Â&#x20AC;]Y?QX \YX]^> Â&#x160;[}^>@ \>x@Y ']Â&#x152;]Â&#x20AC;]Y?QX +>Qx _Q@>@Â&#x20AC; |`YqYX_ /QÂ?YÂ&#x20AC; 0@ Â&#x160;XQX>{Q?&Y{>@Q?x&`]>[|>^_@]~Â&#x160;[}^>@)]xÂ&#x20AC;Y?+>QX`^Q@>\X^&YXY?>XÂ&#x17D;Yz>@$zQ` @x Q`> presentation of a brand new patrol vehicle to Pedro Police Station in Lagos.

Ecobank disburses MDG funds to beneficiaries

E

cobank and the Ekiti State Government have commenced the disbursement of funds to over 2,250 residents earmarked E57;=>7Y;4;>74Y7;=>7:?Y;7Y>;79J7{>5>:8E4?E>Y7 of the Federal Government Conditional Cash Transfer (CCT) Scheme under the Millennium Development Goals G YI7 B?9}>8;7 9J7 ;=>7 ~8>7 9J7 ;=>7 Senior Special Assistant to the President (OSSAP) on MDGs. The intervention fund has so far been successfully disbursed to all the {>5>:8E4?E>Y7 ;=?9@C=7 84Y=7 ;?45YJ>?Y7 957 the Ecobank Mobile Money platform. 48=7 9J7 ;=>7 {>5>:8E4?E>Y7 ?>8>EV>67 N5000 which will henceforth be paid monthly as grant for the upkeep of their families while a lump sum of N100,000 will be paid out to them for start-up

of small agriculture business after 12 months. This is made possible as the OSSAP on MDGs earlier distributed cell phones and SIM cards to the {>5>:8E4?E>Y7q=Ex>7;=>7{45Â&#x192;7?>CEY;>?>67 them for MobileMoney for the purpose of smooth transfer of the monthly subvention. The Governor of Ekiti State, Dr. Kayode Fayemi, who inaugurated the cash transfer scheme in Ado Ekiti, described it as a kind of social security fund which makes a lot of economic sense, as it serves as a platform through which government reaches 9@;7;97>UB9q>?78E;Ež>5Y7qE;=E57;=>7x9q7 income bracket, especially women. In his words, â&#x20AC;&#x153;the N5,000 monthly C?45;7 4567 ;=>7 :54x7 ²¹¹<¹¹¹7 U4Â&#x192;>7 47 lot of economic sense, in that women

are prudent managers of resources. I can assure you that by the time all the women receive the N100,000 for small business start-up, they will generate a lot of economic activities within the state. So, to us as government, this is not only an intervention fund, this is an E5V>Y;U>5;Â&#x2021;7=>7Y4E6P Also speaking, Deputy Managing Director of Ecobank Nigeria Limited, Mr. Tony Okpanachi, said Ecobank E6>5;E:>Y7qE;=7;=>7;4?C>;7{>5>:8E4?E>Y7E57 this project hence the choice of Ecobank MobileMoney which is a mass market product and can be easily accessed by all. According to Okpanachi, this is part of the bankâ&#x20AC;&#x2122;s contribution in its strategic partnership with government on realising the MDG goals. He said

Ecobank MobileMoney wallets have been 8?>4;>67J9?7;=>7{>5>:8E4?E>Y74567U95>M7EY7 disbursed monthly on instructions from ;=>7~8>79J7;=>7>5E9?7B>8E4x7YYEY;45;7 to the President on MDGs. He added that the bank was also using Ecobank MobileMoney to assist the Ekiti State Ministry of Agriculture in support of its Youth Commercial Agriculture Development (YCAD) for farmers in the state. â&#x20AC;&#x153;The bank is poised to consolidate its existing partnership with the Federal Government in all parts of the country, with a view of ensuring that all {>5>:8E4?E>Y7 9J7 ;=>7  7 Y8=>U>7 =4V>7 >Âľ@4x7 9BB9?;@5E;M7 ;97 :5458E4x7 Y>?VE8>Y7 such as micro-savings, micro-loans, among other valued-adding services J?9U789{45Â&#x192;<Â&#x2021;7Â&#x192;B4548=E7Y4E6P

CSR: Heritage Bank adopts school in Lagos

M

anaging Director, Heritage Bank, Mr. :>7 >Â&#x192;E{9<7 =4Y7 pledged his bankâ&#x20AC;&#x2122;s 6>;>?UE54;E957;97Y@BB9?;7;=>7>Â&#x201D;9?;Y7 of the Lagos State Government in the twin areas of security and education. Sekibo disclosed that the bank had concluded plans to adopt one deprived school in the state, under the Lagos State Governmentâ&#x20AC;&#x2122;s â&#x20AC;&#x2DC;Adopt a School Programmeâ&#x20AC;&#x2122;. The unnamed school, according ;97 =EU<7 q9@x67 {>5>:;7 J?9U7 ;=>7 bankâ&#x20AC;&#x2122;s complete turn-around package that would include facility upgrade, provision of learning aids and studentsâ&#x20AC;&#x2122; motivation, among others.

He made this disclosure when he led the bankâ&#x20AC;&#x2122;s management on a recent visit to the governor in his x4@Y479~8>789UBx>XP He also promised that the bank would be partnering with the state C9V>?5U>5;7957Y>8@?E;M7U4Â&#x152;>?Y7{M7 donating fund and equipments to the Lagos State Security Trust Fund. While describing Heritage Bank as an art-friendly bank, Sekibo said the bank had already signed a MoU with the Nigerian Tourism Development Company (NTDC) and the Lagos Business School to showcase Nigerian arts to the world. He added that the bankâ&#x20AC;&#x2DC;s primary mission is â&#x20AC;&#x153;to assist those who want to succeed to make it happen and those who have

succeeded to preserve and transfer their achievements to future C>5>?4;E95YÂ&#x2021;P In his response, the Lagos State Governor, Barrister Babatunde Raji Fashola, said he was happy to hear that Heritage Bank had put in place mechanism for depositors of trapped funds in the old SGBN to recover 100 percent of their money. He noted that growth could only be measured through empowerment and sustainability, and called on the bank to look at how to empower 4567x>467E57;=>7>Â&#x201D;9?;7;97Y;?>5C;=>57 the mortgage sector as well as the small and medium scale businesses in the state. While thanking the bank for its pledge to partner with the state

government, Governor Fashola emphasised that the state had put in place adequate capacity to respond to emergency irrespective of who is ;97{>5>:;P â&#x20AC;&#x153;As for the school adoption, I am very happy over your decision; who knows whether the school you are going to adopt could produce the 5>X;779J7M9@?7{45Â&#x192;Â&#x2021;<7=>759;>6P7 The governor also pointed out that Heritage Bankâ&#x20AC;&#x2122;s support for preservation of historical sites is a welcome development but noted that the NTDCâ&#x20AC;&#x2122;s role is limited ;97 ;?4~87 E57 ;9@?EYU7 4567 ;=4;7 47 Supreme Court judgment had made it very clear that only the states have a role to play in tourism management in the country.

FCMB sets pace on financial inclusion

R

egardless of the daunting challenges impeding the development of inclusive retail banking in Nigeria, First City Monument Bank Limited (FCMB) recently embarked on series of activity to develop the mindset of wealth creation amongst the masses, by making account opening simple and accessible to all. This stride is stirred by the bankâ&#x20AC;&#x2122;s goal of delivering U4E5Y;?>4U7 :5458E4x7 Y>?VE8>Y7 ;97 ;=>7 unbanked millions of Nigeria. In a drive to enlarge its market share of retail banking, FCMB has YE58>7{>C@576?EVE5C74q4?>5>YY<7{@žž<7 product promotion and CRM into consumersâ&#x20AC;&#x2122; lives through the smart integration of experiential marketing, digital, mobile, and social technology into their brick-and-mortar business. Since their recent expansion and introduction of a novel portfolio of mass market products, FCMB EY7 J9?;E:>67 ;97 6>xEV>?7 895YEY;>5;7 excellent value proposition, across all marketplace segments. In a response to the fact that a YEC5E:845;7 B4?;7 9J7 ;=>7 EC>?E457 population remained unbanked, FCMBâ&#x20AC;&#x2122;s Group Head, Marketing and Communications, Mr. Ikechukwu Kalu, said â&#x20AC;&#x153;FCMB fashions its acquisition strategy with entrepreneurs and low-income earners in mind; with a high consideration of those are too busy at work to make daily deposits of their earnings. It is often the case that market women, carpenters or vendors of small scale commodity cannot 4Â&#x201D;9?67 ;=>7 ;EU>7 ;97 ;4Â&#x192;>7 U95>M7 ;97 ;=>7 bank. This time, constraints on their B4?;74?>7q=4;7?>Y@x;7;97;?46>?Y7Y;@~5C7 8@??>58M7E57{?4žE>?<79?79667B?48;E8>79J7 placing cash in their underwear, for J>4?74567Y4J>;M79J7;=>E?7>4?5E5CYÂ&#x2021; With the recent hawkish stances of the Central Bank of Nigeria (CBN), especially the 50 per cent public sector cash reserve ratio, banks =4V>7 {>>57 @56>?7 YEC5E:845;xM7 U9?>7 pressure to diversify their acquisition processes. In this regard, FCMB has found resourceful ways around the complicated account opening documentation model that currently exist in the industry. â&#x20AC;&#x153;We are heavy on target marketing and our experiential â&#x20AC;&#x2DC;town stormsâ&#x20AC;&#x2122; =4V>7{>>57V>?M7>Â&#x201D;>8;EV>P7 EV>57;=4;7;=>7 masses listen to radio and print select press publications like complete sports, we have leveraged on these to reach the mass market. Finally, we have engaged those that are active on social media knowing that practically everyone now has access to information online. >7 =4V>7 Y>>57 YEC5E:845;7 E58?>4Y>7 in adoption of Nairawise Savings Account and this is a clear testimony that indeed, the unbanked and the @56>?7{45Â&#x192;>67q9@x67{45Â&#x192;<7EJ7;=>M7:567 ;=>7?EC=;7Y9x@;E95<Â&#x2021;7 4x@7B9YE;>6P The enhancement of FCMBâ&#x20AC;&#x2122;s retail banking business is the latest examples of their focus on helping customers conduct business in a law-abiding cashless practice, which meanwhile, serves to abet a saving culture and curb crime in the community. â&#x20AC;&#x153;We are well positioned to be a leading provider of banking services E57 EC>?E47 4567 q>7 9Â&#x201D;>?7 8@Y;9U>?Â? tailored products that are marketleading, combining local service that is fully integrated with our inclusive operations and a complete product suite which is increasingly important ;97EC>?E457895Y@U>?YÂ&#x2021;<7 4x@7466>6P


77

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

ENERGY

SAâ&#x20AC;&#x2122;s oil-law changes may deter investment B

Why oil markets are worried over Syria

William Anaebonam with agency report

S

opportunities,â&#x20AC;? but rather to 4Â&#x152;?48;7E5V>Y;9?YP7 South Africa, isolated from foreign investment until apartheid ended in 1994, is seeking to develop its oil resources to diversify and buoy an economy that expanded an annualised three per cent in the second quarter compared with ÂąPÂş7 B>?8>5;7 E57 ;=>7 :?Y;<7 q=E8=7 was the slowest rate since a 2009 recession. Planned changes to the 2002 act would allow the country to force mine operators to process some output locally and give the state stakes in new oil and gas projects. South Africa would be able to appoint two directors to companies with new energy projects and declare some minerals strategic to secure supplies. â&#x20AC;&#x153;The biggest problem with the bill isnâ&#x20AC;&#x2122;t a particular clause, it is the combination of potentially onerous, vaguely

6>:5>67 8x4@Y>Y<Â&#x2021;7 ?@=4@J7 Y4E6<7 adding that, â&#x20AC;&#x153;The percentage of state participation in upstream V>5;@?>Y7 EY7 59;7 YB>8E:>67 and neither are â&#x20AC;&#x2DC;designated minerals,â&#x20AC;&#x2122; yet the bill would grant the minister vast amounts 9J7 6EY8?>;E957 E57 6>:5E5C7 everything.â&#x20AC;? South Africa is also looking to exploit its shale reserves, which could be the worldâ&#x20AC;&#x2122;s eighth-biggest, the US Energy Information Administration said in June. The â&#x20AC;&#x153;shale-gas industry needs a regulatory environment, as with all hydrocarbon extraction, which allows for the responsible development of South Africaâ&#x20AC;&#x2122;s resources in line with the wishes of the government,â&#x20AC;? Dineo Pooe, a spokeswoman for Shell, said. The company, waiting for a shale-gas exploration license, =4Y7 4x?>46M7 {>>57 B>?UEÂ&#x152;>67 ;97 x99Â&#x192;7 J9?7 9Ex7 4567 C4Y7 9Â&#x201D;Y=9?>7 in the Orange Basin near the Namibian border.

9@;=7 J?E84Â&#x160;Y7 9Â&#x201D;Y=9?>7 industry is particularly dependent on a positive response to the bill because itâ&#x20AC;&#x2122;s a â&#x20AC;&#x153;frontier marketâ&#x20AC;? where exploration costs are high, Johannesburg-based Standard Bank Group Ltd. said in a public comment this month. =>7 8@??>5;Â?4889@5;7 6>:8E;7 widened to 6.5 percent of gross domestic product last quarter as a weaker rand failed to damp imports and boost exports, according to the Reserve Bank. 7 Â&#x2039; ;7 {>89U>Y7 V>?M7 6E~8@x;7 ;97 draw up business plans when so many terms are fundamentally vague and subject to future ministerial revision,â&#x20AC;? Fruhauf said. He continued that â&#x20AC;&#x153;the preferred outcome of many upstream operators, onshore 9?7 9Â&#x201D;Y=9?><7 q9@x67 {>7 J9?7 the Department of Mineral Resources to drop all upstream elements from the bill and to draft separate petroleum legislation.â&#x20AC;?

outh Africa may risk deterring investors in its oil resources by proposing â&#x20AC;&#x153;vagueâ&#x20AC;? amendments to mineral and energy legislation, according to a New York-based consultant, Horizon. This is coming on the heels of Nigeria Petroleum Industry Bill designed to correct some anomalies in the petroleum industry. According to the director of Africa energy at Horizon, Anne Fruhauf, â&#x20AC;&#x153;Over the last two years, South Africa has witnessed unprecedented interest from international oil majors. â&#x20AC;&#x153;But the Mineral Resources Development Act amendments could nip this nascent boom in the bud.â&#x20AC;? Lawmakers will hold four days of public hearings on the proposed amendments, which are aimed at removing ambiguities in the 2002 law. While Exxon Mobil Corp. and Royal Dutch Shell Plc =4V>7 Y;4Â&#x192;>Y7 E57 9Â&#x201D;Y=9?>7 {x98Â&#x192;Y<7 >X;?48;E957EY7M>;7;97;4Â&#x192;>79Â&#x201D;P7 The country imports 70 percent of its oil needs, processing the remainder of its fuels from coal and gas. The amendment bill is â&#x20AC;&#x153;fraught with vague and uncertain language,â&#x20AC;? Jonathan Veeran, a partner at Johannesburg-based x4q7 :?U7 >{{>?7 >5ĂĄ>x<7 said, adding that â&#x20AC;&#x153;rather than address the problemsâ&#x20AC;? in the act â&#x20AC;&#x153;the bill in fact exacerbates them.â&#x20AC;? No one at the Department of Mineral Resources was available for comment. Minister of Mineral Resources, Susan Shabangu, said August 28 /Â&#x17D; &`]>[ (Â?>^_]Â&#x152;> Â&#x160;[}^>@ '>zY?Q]@Â&#x20AC;  '>Â&#x152;]^>Â&#x20AC;  /x 0@$x>zYXQ Â&#x160;qYXYX_ Â&#x2018;]` *>?>@QX 0Q?QÂ?>@ that the bill â&#x20AC;&#x153;is not intended -YxQ^~0>x]Q 0Q@{>]?Â?0@.]?Â?Â&#x20AC;X>~Â&#x160;Â?zY??Q`x_@]?Â?`>q>x]QXQ_?^`Y[%QqzYY&YqÂ&#x2039;_>@ to strangulate investment Â&#x2019;QzX>]?Â&#x2039;Q@?>@Â&#x20AC;`]Â&#x2039;Â&#x2018;]`$]@>X`>Xx]?/QÂ?YÂ&#x20AC;@>^>?X~\`YY*YxÂ&#x2018;]?,@>{`>

Carrizo Oil & Gas plays to strike big

H

ouston- based Carrizo Oil & Gas was originally formed to explore and develop ~Â&#x20AC;Â Â&#x201A;Â&#x192; Â&#x201E;Â&#x2026; Â&#x2020;Â&#x2021;Â&#x192;Â&#x2C6;Â&#x2026; Â&#x2030;~ Â&#x20AC;Â&#x160;Â&#x2021; %Â&#x201A;~Â&#x2021;Â&#x20AC;Â&#x20AC; Â&#x2026;Â&#x160;Â&#x192;Â&#x2021; Â&#x2039;Â&#x152;Â&#x201A;Â?Â&#x20AC;Â&#x2030;Â&#x152;~ Â&#x152;Â&#x2039; 1Â&#x152;Â&#x201A;Â&#x20AC;Â&#x160;Â&#x17D;Â&#x2021;Â&#x2026;Â&#x20AC; Texas. %Â Â&#x20AC;~Â&#x152;Â&#x17D;&Â&#x201A;Â&#x201A;Â&#x2030;Â?Â&#x152;Â&#x2030;Â&#x2026;Â?Â&#x152;Â?Â&#x2030;~Â&#x201E;Â&#x17D;Â&#x2018; Â&#x2039;Â&#x201A;Â&#x152;Â?~Â&#x20AC;Â Â&#x201A;Â&#x192;Â&#x201E;Â&#x2026;Â&#x2030;~Â&#x2039;Â?Â&#x152;Â Â&#x201A;Â&#x152;Â&#x2039;Â&#x17D;Â&#x160;Â&#x20AC; &(2~Â&#x2C6;3Â&#x201A;Â&#x2021;Â&#x2026;Â&#x2030;Â&#x2C6;Â&#x2021;~Â&#x20AC;&Â&#x160;Â&#x2030;Â&#x2019;-Â&#x152;Â&#x160;~Â&#x2026;Â&#x152;~ Â&#x201C;Â&#x192;Â&#x192;Â&#x2026;Â&#x201D;3Â&#x201A;Â&#x2021;Â?Â&#x2030;Â&#x2021;Â&#x201A;Â&#x152;Â&#x2030;Â&#x192;~Â&#x2C6;Â&#x192;Â&#x2030;Â&#x2022;Â Â&#x2030;Â&#x2C6;Â&#x2026;Â&#x201A;Â&#x2030;Â&#x201C;Â&#x160; plays.â&#x20AC;? ,~ Â&#x152;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x201A; Â&#x17D;Â&#x152;Â&#x201A;Â&#x2C6;Â&#x2026; Â&#x20AC;Â&#x160;Â&#x2021; Â&#x201C;Â&#x152;Â?Â&#x2019;~Â&#x2018; Â&#x2030;Â&#x2026; going to be concentrating more of Â&#x2030;Â&#x20AC;Â&#x2026;Â&#x2021;Â&#x152;Â&#x201A;Â&#x20AC;Â&#x2026;Â&#x152;~Â&#x152;Â&#x2030;Â&#x192; 7Â&#x152;Â&#x20AC;Â&#x160;Â&#x20AC;Â&#x2021;~Â&#x2C6;&Â&#x201A;Â&#x201A;Â&#x2030;Â?Â&#x152;~~Â&#x152;Â ~Â&#x201C;Â&#x2021;Â&#x2C6; Â&#x20AC;Â&#x160;Â&#x20AC; Â&#x2030;Â&#x20AC; Â&#x17D;Â&#x152;Â Â&#x192;Â&#x2C6; Â&#x2DC;Â&#x2021; Â&#x2026;Â&#x2021;Â&#x192;Â&#x192;Â&#x2030;~Â&#x201E; Â&#x152; Â&#x192;Â&#x201A;Â&#x201E;Â&#x2021; portions of its natural gas interests Â&#x2030;~ Â&#x20AC;Â&#x160;Â&#x2021; %Â&#x201A;~Â&#x2021;Â&#x20AC;Â&#x20AC; ~Â&#x2C6; 0Â&#x201A;Â&#x201C;Â&#x2021;Â&#x192;Â&#x192;Â Â&#x2026;

Â&#x201A;Â&#x2021;Â&#x201E;Â&#x2030;Â&#x152;~Â&#x2026; 7Â&#x160;Â&#x2021; Â&#x2019;Â&#x201A;Â&#x201C;Â&#x2021;Â&#x192;Â&#x2026; Â&#x17D;Â&#x2030;Â&#x192;Â&#x192; Â&#x2C6;Â&#x2021;Â&#x192;Â&#x2030;Â?Â&#x2021;Â&#x201A;  total of $268 million to company Â&#x201C;Â&#x152;Â&#x2021;Â&#x201A;Â&#x2026; $~Â&#x2C6; Â&#x20AC;Â&#x160;Â&#x20AC;Â&#x161;Â&#x2026; Â&#x203A;Â Â&#x2026;Â&#x20AC; Â&#x20AC;Â&#x160;Â&#x2021; Â&#x192;Â&#x20AC;Â&#x2021;Â&#x2026;Â&#x20AC; Â&#x2030;~  Â&#x2026;Â&#x2021;Â&#x201A;Â&#x2030;Â&#x2021;Â&#x2026; Â&#x152;Â&#x2039; Â?Â&#x152;Â?Â&#x2021;Â&#x2026; Â&#x20AC;Â&#x152; Â&#x20AC;Â&#x201A;~Â&#x2026;Â&#x2039;Â&#x152;Â&#x201A;Â? Â&#x20AC;Â&#x160;Â&#x2021; company. ,~Â&#x2C6;Â&#x2021;Â&#x2021;Â&#x2C6; &Â&#x201A;Â&#x201A;Â&#x2030;Â?Â&#x152; Â&#x2020;Â&#x201A;Â&#x2026;Â&#x20AC; ~~Â&#x152;Â ~Â&#x201C;Â&#x2021;Â&#x2C6; its plans to move into oil-focused Â&#x160;Â&#x152;Â&#x201A;Â&#x2030;Â?Â&#x152;~Â&#x20AC;Â&#x192; Â&#x2C6;Â&#x201A;Â&#x2030;Â&#x192;Â&#x192;Â&#x2030;~Â&#x201E; Â&#x2030;~ Â&#x20AC;Â&#x160;Â&#x2021; (Â&#x201E;Â&#x192;Â&#x2021; )Â&#x152;Â&#x201A;Â&#x2C6; Â&#x2026;Â&#x160;Â&#x192;Â&#x2021; Â&#x2039;Â&#x152;Â&#x201A;Â?Â&#x20AC;Â&#x2030;Â&#x152;~ Â&#x2030;~ 6Â&#x152;Â Â&#x20AC;Â&#x160; Texas back in 2010. 6Â&#x2030;~Â&#x201C;Â&#x2021;Â&#x20AC;Â&#x160;Â&#x20AC;Â&#x20AC;Â&#x2030;Â?Â&#x2021;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x201C;Â&#x152;Â?Â&#x2019;~Â&#x2018;Â&#x160;Â&#x2026; been aggressively accumulating acreage and starting new well Â&#x2019;Â&#x201A;Â&#x152;Â&#x203A;Â&#x2021;Â&#x201C;Â&#x20AC;Â&#x2026; &Â&#x201A;Â&#x201A;Â&#x2030;Â?Â&#x152; ~Â&#x152;Â&#x17D; Â&#x201C;Â&#x152;~Â&#x20AC;Â&#x201A;Â&#x152;Â&#x192;Â&#x2026; Â?Â&#x152;Â&#x201A;Â&#x2021; Â&#x20AC;Â&#x160;~ ~Â&#x2021;Â&#x20AC;Â&#x201C;Â&#x201A;Â&#x2021;Â&#x2026;Â&#x2030;~(Â&#x201E;Â&#x192;Â&#x2021;)Â&#x152;Â&#x201A;Â&#x2C6;Â?Â&#x152;~Â&#x2021; Â&#x152;Â&#x2039; Â&#x20AC;Â&#x160;Â&#x2021; Â?Â&#x152;Â&#x2026;Â&#x20AC; Â&#x2019;Â&#x201A;Â&#x152;Â&#x192;Â&#x2030;Â&#x2020;Â&#x201C; Â&#x2026;Â&#x160;Â&#x192;Â&#x2021; Â&#x2019;Â&#x192;Â&#x2018;Â&#x2026; Â&#x2030;~ Â&#x20AC;Â&#x160;Â&#x2021;Â&#x201C;Â&#x152;Â ~Â&#x20AC;Â&#x201A;Â&#x2018;

,~Â&#x20AC;Â&#x160;Â&#x2021;(Â&#x201E;Â&#x192;Â&#x2021;)Â&#x152;Â&#x201A;Â&#x2C6;Â&#x2019;Â&#x201A;Â&#x152;Â&#x2C6; Â&#x201C;Â&#x2021;Â&#x2C6; Â&#x2DC;Â&#x201A;Â&#x201A;Â&#x2021;Â&#x192;Â&#x2026;Â&#x152;Â&#x2039;Â&#x152;Â&#x2030;Â&#x192;Â&#x2019;Â&#x2021;Â&#x201A;Â&#x2C6;Â&#x2018;~Â&#x2C6;Â&#x2030;Â&#x20AC;Â&#x2026; reserves are estimated at 3 billion barrels of oil. &Â&#x201A;Â&#x201A;Â&#x2030;Â?Â&#x152;Â&#x161;Â&#x2026; Â&#x2026;Â&#x20AC;Â&#x201A;Â&#x20AC;Â&#x2021;Â&#x201E;Â&#x2018; Â&#x2030;Â&#x2026; Â&#x20AC;Â&#x152; Â&#x2021;Â&#x17E;Â&#x2019;~Â&#x2C6; Â&#x2030;Â&#x20AC;Â&#x2026; Â&#x201C;Â&#x2019;Â&#x201C;Â&#x2030;Â&#x20AC;Â&#x2018; Â&#x2030;~ Â&#x20AC;Â&#x160;Â&#x2021; Â&#x201A;Â&#x2021;Â&#x201E;Â&#x2030;Â&#x152;~ Â&#x17D;Â&#x2030;Â&#x20AC;Â&#x160; ~ increasing expertise in â&#x20AC;&#x153;complex Â&#x2021;Â&#x17E;Â&#x20AC;Â&#x2021;~Â&#x2C6;Â&#x2021;Â&#x2C6; Â&#x201A;Â&#x2021;Â&#x201C;Â&#x160; Â&#x160;Â&#x152;Â&#x201A;Â&#x2030;Â?Â&#x152;~Â&#x20AC;Â&#x192; Â&#x17D;Â&#x2021;Â&#x192;Â&#x192;Â&#x2026;   Â&#x20AC;Â&#x2030;Â&#x192;Â&#x2030;Â?Â&#x2030;~Â&#x201E;Â&#x2026;Â&#x152;Â&#x2019;Â&#x160;Â&#x2030;Â&#x2026;Â&#x20AC;Â&#x2030;Â&#x201C;Â&#x20AC;Â&#x2021;Â&#x2C6;'Â&#x2026;Â&#x2021;Â&#x2030;Â&#x2026;Â?Â&#x2030;Â&#x201C; Â&#x201C;Â&#x152;~Â&#x20AC;Â&#x201A;Â&#x152;Â&#x192;Â&#x192;Â&#x2021;Â&#x2C6; Â&#x160;Â&#x152;Â&#x201A;Â&#x2030;Â?Â&#x152;~Â&#x20AC;Â&#x192; Â&#x2C6;Â&#x201A;Â&#x2030;Â&#x192;Â&#x192;Â&#x2030;~Â&#x201E; ~Â&#x2C6; Â&#x201C;Â&#x152;Â?Â&#x2019;Â&#x192;Â&#x2021;Â&#x20AC;Â&#x2030;Â&#x152;~Â&#x20AC;Â&#x2021;Â&#x201C;Â&#x160;~Â&#x152;Â&#x192;Â&#x152;Â&#x201E;Â&#x2018; &Â&#x201A;Â&#x201A;Â&#x2030;Â?Â&#x152; Â&#x160;Â&#x2026; Â&#x20AC;ÂĄÂ&#x2021;~ Â&#x20AC;Â&#x160;Â&#x2030;Â&#x2026; Â&#x2021;Â&#x17E;Â&#x2019;Â&#x2021;Â&#x201A;Â&#x20AC;Â&#x2030;Â&#x2026;Â&#x2021; and parlayed it to become one of Â&#x20AC;Â&#x160;Â&#x2021;Â?Â&#x152;Â&#x2026;Â&#x20AC;Â&#x2019;Â&#x201A;Â&#x152;Â&#x2C6; Â&#x201C;Â&#x20AC;Â&#x2030;Â?Â&#x2021;Â&#x2C6;Â&#x201A;Â&#x2030;Â&#x192;Â&#x192;Â&#x2021;Â&#x201A;Â&#x2026;Â&#x2030;~Â&#x20AC;Â&#x160;Â&#x2021; region. ,~ Â&#x2039;Â&#x201C;Â&#x20AC; Â&#x20AC;Â&#x160;Â&#x2021; Â&#x201C;Â&#x152;Â?Â&#x2019;~Â&#x2018; Â&#x160;Â&#x2026; Â&#x2DC;Â&#x2021;Â&#x2021;~ Â&#x2026; Â&#x201C;Â&#x201C;Â&#x2021;Â&#x2026;Â&#x2026;Â&#x2039; Â&#x192; Â&#x2030;~  Â&#x2019;Â&#x2021;Â&#x201A; Â&#x201C;Â&#x2021;~Â&#x20AC; Â&#x152;Â&#x2039; Â&#x20AC;Â&#x160;Â&#x2021; Â&#x17D;Â&#x2021;Â&#x192;Â&#x192;Â&#x2026; Â&#x2030;Â&#x20AC; Â&#x2026; ~ÂĄ Â&#x201C;Â&#x160; Â&#x201A;~Â&#x2030;~Â&#x201E;  Â&#x2019; Â&#x2026;Â&#x152;Â?Â&#x2021; impressive production numbers.

$Â&#x201C;Â&#x201C;Â&#x152;Â&#x201A;Â&#x2C6;Â&#x2030;~Â&#x201E; Â&#x20AC;Â&#x152; Â&#x20AC;Â&#x160;Â&#x2021; 7Â&#x2021;Â&#x17E;Â&#x2026; 5Â&#x2030;Â&#x192;Â&#x201A;Â&#x152;Â&#x2C6; &Â&#x152;Â?Â?Â&#x2030;Â&#x2026;Â&#x2026;Â&#x2030;Â&#x152;~Â?Â&#x20AC;Â&#x160;Â&#x2021;Â&#x2026;Â&#x20AC;Â&#x20AC;Â&#x2021;Â&#x201E;Â&#x2021;~Â&#x201C;Â&#x2018;Â&#x20AC;Â&#x160;Â&#x20AC; Â&#x201A;Â&#x2021;Â&#x201E;Â Â&#x192;Â&#x20AC;Â&#x2021;Â&#x2026;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x152;Â&#x2030;Â&#x192;~Â&#x2C6;Â&#x201E;Â&#x2026;Â&#x2030;~Â&#x2C6;Â Â&#x2026;Â&#x20AC;Â&#x201A;Â&#x2018;Â? &Â&#x201A;Â&#x201A;Â&#x2030;Â?Â&#x152;Â&#x2030;Â&#x2026;Â&#x152;~Â&#x2021;Â&#x152;Â&#x2039;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x2039;Â&#x2026;Â&#x20AC;Â&#x2021;Â&#x2026;Â&#x20AC;Â&#x201E;Â&#x201A;Â&#x152;Â&#x17D;Â&#x2030;~Â&#x201E; ~Â&#x2C6;Â?Â&#x152;Â&#x2026;Â&#x20AC;Â&#x2019;Â&#x201A;Â&#x152;Â&#x2C6;Â Â&#x201C;Â&#x20AC;Â&#x2030;Â?Â&#x2021;Â&#x152;Â Â&#x20AC;Â&#x2020;Â&#x20AC;Â&#x2026;Â&#x2030;~Â&#x20AC;Â&#x160;Â&#x2021; Â&#x201A;Â&#x2021;Â&#x201E;Â&#x2030;Â&#x152;~Â&#x20AC;ÂĄÂ&#x2030;~Â&#x201E;Â?Â&#x152;Â&#x201A;Â&#x2021;Â&#x20AC;Â&#x160;~Â?Â&#x2030;Â&#x192;Â&#x192;Â&#x2030;Â&#x152;~ Â&#x2DC;Â&#x201A;Â&#x201A;Â&#x2021;Â&#x192;Â&#x2026;Â&#x152;Â&#x2039;Â&#x152;Â&#x2030;Â&#x192;Â&#x2039;Â&#x201A;Â&#x152;Â?(Â&#x201E;Â&#x192;Â&#x2021;)Â&#x152;Â&#x201A;Â&#x2C6;Â&#x2030;~Â&#x20AC;Â&#x160;Â&#x2021; Â&#x2020;Â&#x201A;Â&#x2026;Â&#x20AC;Â&#x2026;Â&#x2030;Â&#x17E;Â?Â&#x152;~Â&#x20AC;Â&#x160;Â&#x2026;Â&#x152;Â&#x2039;Â&#x20AC;Â&#x160;Â&#x2030;Â&#x2026;Â&#x2018;Â&#x2021;Â&#x201A;Â&#x192;Â&#x152;~Â&#x2021; %Â Â&#x20AC; Â&#x20AC;Â&#x160;Â&#x20AC;Â&#x161;Â&#x2026; ~Â&#x152;Â&#x20AC; Â&#x192;Â&#x192; ,~ Â&#x2C6;Â&#x2C6;Â&#x2030;Â&#x20AC;Â&#x2030;Â&#x152;~ to increasing its presence in (Â&#x201E;Â&#x192;Â&#x2021; )Â&#x152;Â&#x201A;Â&#x2C6; Â&#x20AC;Â&#x160;Â&#x2021; Â&#x2026;Â&#x192;Â&#x2021; Â&#x152;Â&#x2039; Â&#x2030;Â&#x20AC;Â&#x2026; ~Â&#x20AC;Â Â&#x201A;Â&#x192; gas assets will allow it to focus Â&#x2030;~Â&#x201C;Â&#x201A;Â&#x2021;Â&#x2026;Â&#x2021;Â&#x2C6; Â&#x20AC;Â&#x20AC;Â&#x2021;~Â&#x20AC;Â&#x2030;Â&#x152;~ Â&#x152;~ Â&#x20AC;Â&#x160;Â&#x201A;Â&#x2021;Â&#x2021; Â&#x152;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x201A; Â&#x152;Â&#x2030;Â&#x192;Â&#x2019;Â&#x201A;Â&#x152;Â&#x203A;Â&#x2021;Â&#x201C;Â&#x20AC;Â&#x2026;Â&#x20AC;Â&#x160;Â&#x2021;1Â&#x2030;Â&#x152;Â&#x2DC;Â&#x201A;Â&#x201A;)Â&#x152;Â&#x201A;Â?Â&#x20AC;Â&#x2030;Â&#x152;~ Â&#x2030;~ Â&#x20AC;Â&#x160;Â&#x2021; 'Â&#x2021;~Â?Â&#x2021;Â&#x201A;-Â Â&#x192;Â&#x2021;Â&#x2026;Â&#x2DC;Â Â&#x201A;Â&#x201E; %Â&#x2026;Â&#x2030;~ Â&#x2030;~ &Â&#x152;Â&#x192;Â&#x152;Â&#x201A;Â&#x2C6;Â&#x152; Â&#x2030;Â&#x20AC;Â&#x2026; +Â ~Â&#x20AC;Â&#x2030;~Â&#x201E;Â&#x20AC;Â&#x152;~ Â&#x2020;Â&#x2021;Â&#x192;Â&#x2C6; Â&#x2C6;Â&#x2030;Â&#x2026;Â&#x201C;Â&#x152;Â?Â&#x2021;Â&#x201A;Â&#x2018; Â&#x2030;~ Â&#x20AC;Â&#x160;Â&#x2021; 1Â&#x152;Â&#x201A;Â&#x20AC;Â&#x160; 6Â&#x2021; ~Â&#x2C6; Â&#x20AC;Â&#x160;Â&#x2021;Â&#x2021;Â?Â&#x2021;Â&#x201A;Â&#x201E;Â&#x2030;~Â&#x201E;8Â&#x20AC;Â&#x2030;Â&#x201C;6Â&#x160;Â&#x192;Â&#x2021;Â&#x2030;~Â&#x2021;Â&#x2026;Â&#x20AC;Â&#x2021;Â&#x201A;~ 2Â&#x160;Â&#x2030;Â&#x152;

Â&#x201A;Â&#x152;Â&#x2C6;Â&#x192;Â&#x2018; Â&#x2026;Â&#x2019;Â&#x2021;ÂĄÂ&#x2030;~Â&#x201E; Â&#x20AC;Â&#x160;Â&#x2021;Â&#x201A;Â&#x2021; Â&#x201A;Â&#x2021; Â&#x20AC;Â&#x160;Â&#x201A;Â&#x2021;Â&#x2021; Â&#x20AC;Â&#x160;Â&#x2021;Â&#x152;Â&#x201A;Â&#x2030;Â&#x2021;Â&#x2026; Â&#x2030;~ Â&#x2021;Â&#x17E;Â&#x2019;Â&#x2021;Â&#x201A;Â&#x20AC;Â&#x2026;Â&#x161; Â&#x152;Â&#x2019;Â&#x2030;~Â&#x2030;Â&#x152;~ Â&#x2039;Â&#x152;Â&#x201A; Â&#x17D;Â&#x160;Â&#x2018;Â&#x152;Â&#x2030;Â&#x192;Â&#x2019;Â&#x201A;Â&#x2030;Â&#x201C;Â&#x2021;Â&#x2026;Â&#x160;Â?Â&#x2021;Â&#x2DC;Â&#x2021;Â&#x2021;~Â&#x2026;Â&#x2019;Â&#x2030;ÂĄÂ&#x2030;~Â&#x201E; Â&#x2021;Â&#x201A;Â&#x201A;Â&#x20AC;Â&#x2030;Â&#x201C;Â&#x192;Â&#x192;Â&#x2018;Â&#x2026;Â&#x2030;~Â&#x20AC;Â&#x2021;Â&#x201A;Â?Â&#x2021;~Â&#x20AC;Â&#x2030;Â&#x152;~Â&#x2030;~6Â&#x2018;Â&#x201A;Â&#x2030;Â&#x192;Â&#x152;Â&#x152;Â?Â&#x2026; 0Â&#x201A;ÂĄÂ&#x2021;Â&#x20AC;Â&#x2026; Â&#x201A;Â&#x2021; Â&#x17D;Â&#x152;Â&#x201A;Â&#x201A;Â&#x2030;Â&#x2021;Â&#x2C6; Â&#x2DC;Â&#x152; Â&#x20AC; Â&#x20AC;Â&#x160;Â&#x2021; Â&#x2019;Â&#x201A;Â&#x152;Â&#x2026;Â&#x2019;Â&#x2021;Â&#x201C;Â&#x20AC;Â&#x152;Â&#x2039;Â&#x17D;Â&#x2030;Â&#x2C6;Â&#x2021;Â&#x201A;Â&#x17D;Â&#x201A;2~Â&#x2021;Â&#x2019;Â&#x152;Â&#x2026;Â&#x2026;Â&#x2030;Â&#x2DC;Â&#x2030;Â&#x192;Â&#x2030;Â&#x20AC;Â&#x2018; Â&#x2026;6Â&#x20AC;Â&#x2021;Â?Â&#x2021;+Â&#x201A;Â&#x201E;Â&#x201A;Â&#x2021;Â?Â&#x2021;Â&#x2026;Â&#x2019;Â&#x152;Â&#x2030;~Â&#x20AC;Â&#x2026;Â&#x152; Â&#x20AC;Â&#x2030;Â&#x2026;Â&#x20AC;Â&#x160;Â&#x20AC; Â&#x20AC;Â&#x160;Â&#x2021;Â&#x201A;Â&#x2021;Â&#x161;Â&#x2026;  Â&#x2039;Â&#x2021;Â&#x201A; Â&#x20AC;Â&#x160;Â&#x20AC; Â&#x20AC;Â&#x160;Â&#x2021; Â&#x201C;Â&#x152;~¢Â&#x2030;Â&#x201C;Â&#x20AC; Â&#x2030;~ 6Â&#x2018;Â&#x201A;Â&#x2030; Â&#x201C;Â&#x152; Â&#x192;Â&#x2C6;Â&#x2026;Â&#x2019;Â&#x201A;Â&#x2021;Â&#x2C6;Â&#x201C;Â&#x201A;Â&#x152;Â&#x2026;Â&#x2026;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x2DC;Â&#x201A;Â&#x152;Â&#x2C6;Â&#x2021;Â&#x201A;0Â&#x2030;Â&#x2C6;Â&#x2C6;Â&#x192;Â&#x2021; (Â&#x2026;Â&#x20AC;6Â&#x2018;Â&#x201A;Â&#x2030;Â?Â&#x2018;~Â&#x152;Â&#x20AC;Â&#x160;Â?Â&#x2021;Â? Â&#x201C;Â&#x160;Â&#x152;Â&#x2030;Â&#x192;Â&#x2DC; Â&#x20AC; Â?~Â&#x2018;Â&#x152;Â&#x2039;Â&#x2030;Â&#x20AC;Â&#x2026;~Â&#x2021;Â&#x2030;Â&#x201E;Â&#x160;Â&#x2DC;Â&#x152; Â&#x201A;Â&#x2026;Â&#x201C;Â&#x2021;Â&#x201A;Â&#x20AC;Â&#x2030;~Â&#x192;Â&#x2018;Â&#x2C6;Â&#x152; 7Â&#x160;Â&#x2021;Â&#x201A;Â&#x2030;Â&#x2026;ÂĄÂ&#x20AC;Â&#x160;Â&#x20AC;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x201C;Â&#x152;~¢Â&#x2030;Â&#x201C;Â&#x20AC;Â?Â&#x2030;Â&#x201E;Â&#x160;Â&#x20AC;Â&#x2026;Â&#x2019;Â&#x201A;Â&#x2021;Â&#x2C6; Â&#x2030;Â&#x2026;Â&#x2026;Â?Â&#x192;Â&#x192;Â&#x2DC; Â&#x20AC;Â&#x2030;Â&#x20AC;Â&#x161;Â&#x2026;~Â&#x152;Â&#x20AC;Â?Â&#x2021;Â&#x201A;Â&#x152;,~Â&#x2019;Â&#x201A;Â&#x20AC;Â&#x2030;Â&#x201C; Â&#x192;Â&#x201A; Â&#x20AC;Â&#x160;Â&#x2021;7 Â&#x201A;ÂĄÂ&#x2030;Â&#x2026;Â&#x160;Â&#x201C;Â&#x2030;Â&#x20AC;Â&#x2018;Â&#x152;Â&#x2039;&Â&#x2021;Â&#x2018;Â&#x160;~Â&#x192;Â&#x152;Â&#x201C;Â&#x20AC;Â&#x2021;Â&#x2C6;~Â&#x2021;Â&#x201A; 6Â&#x2018;Â&#x201A;Â&#x2030; Â&#x2030;Â&#x2026;  Â&#x2026;Â?Â&#x192;Â&#x192;Â&#x2DC; Â&#x20AC;Â&#x201C;Â&#x201A; Â&#x201C;Â&#x2030;Â&#x192; Â&#x2019;Â&#x2030;Â&#x2019;Â&#x2021;Â&#x192;Â&#x2030;~Â&#x2021; terminal. 0Â&#x201A;ÂĄÂ&#x2021;Â&#x20AC;Â&#x2026; Â&#x201A;Â&#x2021;~Â&#x161;Â&#x20AC; Â&#x203A; Â&#x2026;Â&#x20AC; Â&#x17D;Â&#x152;Â&#x201A;Â&#x201A;Â&#x2030;Â&#x2021;Â&#x2C6; Â&#x2DC;Â&#x152; Â&#x20AC; 6Â&#x2018;Â&#x201A;Â&#x2030;7Â&#x160;Â&#x2021;Â&#x2018;Â&#x161;Â&#x201A;Â&#x2021;Â&#x192;Â&#x2026;Â&#x152;Â&#x2039;Â&#x201A;Â&#x2021;Â&#x20AC;Â&#x20AC;Â&#x2030;~Â&#x201E;Â&#x2DC;Â&#x152; Â&#x20AC;/Â&#x2030;Â&#x2DC;Â&#x2018; ,Â&#x201A;Â&#x2022;~Â&#x2C6;(Â&#x201E;Â&#x2018;Â&#x2019;Â&#x20AC;$~Â&#x152;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x201A;~Â&#x201E;Â&#x192;Â&#x2021;Â&#x2026;-Â?Â&#x2021;Â&#x2026; +Â?Â&#x2030;Â&#x192;Â&#x20AC;Â&#x152;~Â&#x152;Â&#x2039;Â&#x20AC;Â&#x160;Â&#x2021;8~Â&#x2030;Â?Â&#x2021;Â&#x201A;Â&#x2026;Â&#x2030;Â&#x20AC;Â&#x2018;Â&#x152;Â&#x2039;&Â&#x192;Â&#x2030;Â&#x2039;Â&#x152;Â&#x201A;~Â&#x2030; 6~'Â&#x2030;Â&#x2021;Â&#x201E;Â&#x152;Â&#x2021;Â&#x17E;Â&#x2019;Â&#x192;Â&#x2030;~Â&#x2026;Â&#x2030;Â&#x2026;Â&#x20AC;Â&#x160;Â&#x20AC;Â&#x20AC;Â&#x160;Â&#x2021;Â?Â&#x201A;ÂĄÂ&#x2021;Â&#x20AC;Â&#x2026; Â&#x201A;Â&#x2021;~Â&#x161;Â&#x20AC; Â&#x2026;Â&#x152;Â&#x192;Â&#x2021;Â&#x192;Â&#x2018; Â&#x2039;Â&#x152;Â&#x201C; Â&#x2026;Â&#x2021;Â&#x2C6; Â&#x152;~ 6Â&#x2018;Â&#x201A;Â&#x2030; 7Â&#x160;Â&#x2021;Â&#x201A;Â&#x2021;Â&#x161;Â&#x2026; Â&#x192;Â&#x2026;Â&#x152;Â&#x17D;Â&#x152;Â&#x201A;Â&#x201A;Â&#x2018;Â&#x2039;Â&#x152;Â&#x201A;Â&#x2030;~Â&#x2026;Â&#x20AC;~Â&#x201C;Â&#x2021;Â&#x20AC;Â&#x160;Â&#x20AC; ~Â&#x201A;Â&#x2021;Â&#x2026;Â&#x20AC;Â&#x2030;~ (Â&#x201E;Â&#x2018;Â&#x2019;Â&#x20AC;Â&#x201C;Â&#x152; Â&#x192;Â&#x2C6;Â&#x2C6;Â&#x2030;Â&#x2026;Â&#x201A; Â&#x2019;Â&#x20AC;Â&#x20AC;Â&#x160;Â&#x2021;6 Â&#x2021;Â?&~Â&#x192;~Â&#x2C6; 6 Â?Â?Â&#x2021;Â&#x2C6;Â&#x2019;Â&#x2030;Â&#x2019;Â&#x2021;Â&#x192;Â&#x2030;~Â&#x2021;Â&#x17D;Â&#x160;Â&#x2030;Â&#x201C;Â&#x160;Â&#x201C;Â&#x201A;Â&#x201A;Â&#x2018;Â&#x2DC;Â&#x152; Â&#x20AC; Â?Â&#x2030;Â&#x192;Â&#x192;Â&#x2030;Â&#x152;~Â&#x2DC;Â&#x201A;Â&#x201A;Â&#x2021;Â&#x192;Â&#x2026;Â&#x152;Â&#x2039;Â&#x152;Â&#x2030;Â&#x192;Â&#x2019;Â&#x2021;Â&#x201A;Â&#x2C6;Â&#x2018;Â&#x152;Â&#x201A;Â&#x201A;Â&#x152; ~Â&#x2C6; Â&#x2019;Â&#x2021;Â&#x201A;Â&#x201C;Â&#x2021;~Â&#x20AC;Â&#x152;Â&#x2039;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x17D;Â&#x152;Â&#x201A;Â&#x192;Â&#x2C6;Â&#x161;Â&#x2026;Â&#x2026; Â&#x2019;Â&#x2019;Â&#x192;Â&#x2018; (Â?Â&#x2021;~ Â?Â&#x152;Â&#x201A;Â&#x2021; Â&#x2026;Â&#x2030;Â&#x201E;~Â&#x2030;Â&#x2020;Â&#x201C;~Â&#x20AC;Â&#x192;Â&#x2018; Â&#x201A;Â&#x2021;Â&#x201C;Â&#x2021;~Â&#x20AC; Â&#x152; Â&#x20AC;Â&#x2DC; Â&#x201A;Â&#x2026;Â&#x20AC;Â&#x2026; Â&#x152;Â&#x2039; Â?Â&#x2030;Â&#x152;Â&#x192;Â&#x2021;~Â&#x201C;Â&#x2021; Â&#x2030;~ /Â&#x2030;Â&#x2DC;Â&#x2018; Â&#x17D;Â&#x160;Â&#x2030;Â&#x201C;Â&#x160; Â&#x2019;Â&#x201A;Â&#x152;Â&#x2C6; Â&#x201C;Â&#x2021;Â&#x2026;  Â&#x2019;Â&#x2021;Â&#x201A;Â&#x201C;Â&#x2021;~Â&#x20AC; Â&#x152;Â&#x2039; Â&#x20AC;Â&#x160;Â&#x2021; Â&#x17D;Â&#x152;Â&#x201A;Â&#x192;Â&#x2C6;Â&#x161;Â&#x2026; Â&#x152;Â&#x2030;Â&#x192; ~Â&#x2C6; ,Â&#x201A;Â&#x2022; Â&#x2039;Â&#x152; Â&#x201A; Â&#x2019;Â&#x2021;Â&#x201A; Â&#x201C;Â&#x2021;~Â&#x20AC; Â&#x160;Â?Â&#x2021; Â&#x2DC;Â&#x2021;Â&#x2021;~ Â&#x201C;Â&#x201A;Â?Â&#x2019;Â&#x2030;~Â&#x201E; Â&#x20AC;Â&#x160;Â&#x2021; ¢Â&#x152;Â&#x17D; Â&#x152;Â&#x2039; Â&#x152;Â&#x2030;Â&#x192; ,~ Â&#x2021;Â&#x2026;Â&#x20AC;Â&#x2021;Â&#x201A;~ /Â&#x2030;Â&#x2DC;Â&#x2018;Â&#x17D;Â&#x152;Â&#x201A;ÂĄÂ&#x2021;Â&#x201A;Â&#x2026;~Â&#x2C6;Â&#x201A;Â?Â&#x2021;Â&#x2C6;Â?Â&#x2030;Â&#x192;Â&#x2030;Â&#x20AC;Â&#x2030;Â&#x2026;Â&#x160;Â?Â&#x2021; Â&#x2DC;Â&#x2021;Â&#x2021;~Â&#x2019; Â&#x2026;Â&#x160;Â&#x2030;~Â&#x201E;Â&#x2039;Â&#x152;Â&#x201A;Â&#x2DC;Â&#x2030;Â&#x201E;Â&#x201E;Â&#x2021;Â&#x201A;Â&#x2026;Â&#x160;Â&#x201A;Â&#x2021;Â&#x152;Â&#x2039;Â&#x20AC;Â&#x160;Â&#x2021; Â&#x152;Â&#x2030;Â&#x192; Â&#x17D;Â&#x2021;Â&#x192;Â&#x20AC;Â&#x160; 7Â&#x160;Â&#x2021; Â&#x201A;Â&#x2021;Â&#x2026; Â&#x192;Â&#x20AC;Â&#x2030;~Â&#x201E; Â&#x2019;Â&#x201A;Â&#x152;Â&#x20AC;Â&#x2021;Â&#x2026;Â&#x20AC;Â&#x2026; ~Â&#x2C6; Â&#x201C;Â&#x192;Â&#x2026;Â&#x160;Â&#x2021;Â&#x2026;Â&#x160;Â?Â&#x2021;Â&#x2C6;Â&#x201A;Â&#x2030;Â?Â&#x2021;~/Â&#x2030;Â&#x2DC;Â&#x2018;Â&#x161;Â&#x2026;Â&#x2019;Â&#x201A;Â&#x152;Â&#x2C6; Â&#x201C;Â&#x20AC;Â&#x2030;Â&#x152;~ down from 1.5 million barrels per day Â&#x2030;~$Â&#x2019;Â&#x201A;Â&#x2030;Â&#x192;Â&#x20AC;Â&#x152;Â&#x2DC;Â&#x152; Â&#x20AC;Â&#x2DC;Â&#x201A;Â&#x201A;Â&#x2021;Â&#x192;Â&#x2026;Â&#x2019;Â&#x2021;Â&#x201A;Â&#x2C6;Â&#x2018; Â&#x20AC;Â&#x152;Â&#x2C6;Â&#x2018;7Â&#x160;Â&#x20AC;Â&#x161;Â&#x2026;Â&#x2DC;Â&#x2030;Â&#x201E;Â&#x2C6;Â&#x201A;Â&#x152;Â&#x2019; 7Â&#x160;Â&#x2021; 86 (~Â&#x2021;Â&#x201A;Â&#x201E;Â&#x2018; ,~Â&#x2039;Â&#x152;Â&#x201A;Â?Â&#x20AC;Â&#x2030;Â&#x152;~ $Â&#x2C6;Â?Â&#x2030;~Â&#x2030;Â&#x2026;Â&#x20AC;Â&#x201A;Â&#x20AC;Â&#x2030;Â&#x152;~ Â&#x2026; Â&#x201E;Â&#x201E;Â&#x2021;Â&#x2026;Â&#x20AC;Â&#x2026; Â&#x20AC;Â&#x160;Â&#x2021; Â&#x17D;Â&#x201A; Â&#x2030;~ 6Â&#x2018;Â&#x201A;Â&#x2030; Â&#x160;Â&#x2026; Â&#x2C6;Â&#x2030;Â&#x2026;Â&#x20AC;Â&#x201A;Â&#x201C;Â&#x20AC;Â&#x2021;Â&#x2C6;  Â&#x2026; Â&#x2039;Â&#x201A;Â&#x152;Â? Â&#x20AC;Â&#x160;Â&#x2021; Â&#x2039;Â&#x201C;Â&#x20AC; Â&#x20AC;Â&#x160;Â&#x20AC; Â&#x20AC;Â&#x160;Â&#x2021; Â&#x17D;Â&#x152;Â&#x201A;Â&#x192;Â&#x2C6; Â&#x160;Â&#x2026; Â&#x192;Â&#x152;Â&#x2026;Â&#x20AC;  Â&#x192;Â&#x152;Â&#x20AC; Â&#x152;Â&#x2039; Â&#x152;Â&#x2030;Â&#x192; production lately from four big sources. /Â&#x2DC;Â&#x152; Â&#x201A; Â&#x2026;Â&#x20AC;Â&#x201A;Â&#x2030;ÂĄÂ&#x2021;Â&#x2026; ~Â&#x2C6; Â&#x2019;Â&#x2030;Â&#x2019;Â&#x2021;Â&#x192;Â&#x2030;~Â&#x2021; Â&#x20AC;Â&#x20AC;Â&#x201C;ÂĄÂ&#x2026; Â&#x2030;~ /Â&#x2030;Â&#x2DC;Â&#x2018; ,Â&#x201A;Â&#x2022; ~Â&#x2C6; 1Â&#x2030;Â&#x201E;Â&#x2021;Â&#x201A;Â&#x2030; Â&#x160;Â?Â&#x2021; Â&#x20AC;ÂĄÂ&#x2021;~  Â?Â&#x2030;Â&#x192;Â&#x192;Â&#x2030;Â&#x152;~ Â&#x2DC;Â&#x201A;Â&#x201A;Â&#x2021;Â&#x192;Â&#x2026; Â&#x152;Â&#x2039; Â&#x152;Â&#x2030;Â&#x192; Â&#x152;ÂŁÂ&#x2030;~Â&#x2021;$~Â&#x2C6; 86(8Â&#x2026;~Â&#x201C;Â&#x20AC;Â&#x2030;Â&#x152;~Â&#x2026;Â&#x201E;Â&#x2030;~Â&#x2026;Â&#x20AC;,Â&#x201A;~Â&#x152;Â?Â&#x2021;Â&#x201A;Â&#x20AC;Â&#x160;Â&#x2021; Â&#x201C;Â&#x152; ~Â&#x20AC;Â&#x201A;Â&#x2018;Â&#x161;Â&#x2026;~ Â&#x201C;Â&#x192;Â&#x2021;Â&#x201A;Â&#x2019;Â&#x201A;Â&#x152;Â&#x201E;Â&#x201A;Â?Â?Â&#x2021;Â&#x160;Â?Â&#x2021;Â&#x2019; Â&#x20AC; ~Â&#x152;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x201A;Â?Â&#x2030;Â&#x192;Â&#x192;Â&#x2030;Â&#x152;~Â&#x2DC;Â&#x201A;Â&#x201A;Â&#x2021;Â&#x192;Â&#x2026;Â&#x2019;Â&#x2021;Â&#x201A;Â&#x2C6;Â&#x2018;Â&#x152; Â&#x20AC; of commission. 7Â&#x160;Â&#x2021;Â&#x17D;Â&#x152;Â&#x201A;Â&#x192;Â&#x2C6;Â&#x201C;~Â&#x161;Â&#x20AC;Â&#x2C6;Â&#x2021;Â&#x192;Â&#x17D;Â&#x2030;Â&#x20AC;Â&#x160;Â?Â&#x2030;~Â&#x152;Â&#x201A;Â&#x152;Â&#x2030;Â&#x192; Â&#x2C6;Â&#x2030;Â&#x2026;Â&#x201A; Â&#x2019;Â&#x20AC;Â&#x2030;Â&#x152;~Â&#x2026; Â&#x2026; Â&#x17D;Â&#x2021;Â&#x192;Â&#x192; Â&#x2026; Â&#x2030;Â&#x20AC;  Â&#x2026;Â&#x2021;Â&#x2C6; Â&#x20AC;Â&#x152; % Â&#x20AC; Â&#x20AC;Â&#x160;Â&#x2021;Â&#x201A;Â&#x2021;Â&#x161;Â&#x2026;Â&#x2026;Â&#x20AC;Â&#x2030;Â&#x192;Â&#x192;Â?Â&#x152;Â&#x201A;Â&#x2021;Â&#x20AC;Â&#x152;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x2026;Â&#x20AC;Â&#x152;Â&#x201A;Â&#x2018;$Â&#x2039;Â&#x20AC;Â&#x2021;Â&#x201A;Â&#x192;Â&#x192; Â&#x2C6;Â&#x2030;Â&#x2026;Â&#x201A; Â&#x2019;Â&#x20AC;Â&#x2030;Â&#x152;~Â&#x2026;Â&#x2030;~Â&#x20AC;Â&#x160;Â&#x2021;Â&#x152;Â&#x2030;Â&#x192;Â?Â&#x201A;ÂĄÂ&#x2021;Â&#x20AC;Â&#x201A;Â&#x2021;Â&#x160;Â&#x201A;Â&#x2C6;Â&#x192;Â&#x2018; ~Â&#x2021;Â&#x17D;Â&#x20AC;Â&#x160;Â&#x2021;Â?Â&#x152; ~Â&#x20AC;Â&#x152;Â&#x2039;Â&#x152;Â&#x2030;Â&#x192;Â&#x201C; Â&#x201A;Â&#x201A;Â&#x2021;~Â&#x20AC;Â&#x192;Â&#x2018;Â&#x152;ÂŁÂ&#x2030;~Â&#x2021; Â&#x2030;Â&#x2026;Â&#x2DC;Â&#x2030;Â&#x20AC;Â&#x160;Â&#x2030;Â&#x201E;Â&#x160;Â&#x2021;Â&#x201A;Â&#x20AC;Â&#x160;~Â&#x2030;~Â&#x2018;Â&#x2021;Â&#x201A;Â&#x2026;Â&#x2019;Â&#x2026;Â&#x20AC;Â&#x2DC; Â&#x20AC;~Â&#x152;Â&#x20AC; Â&#x2C6;Â&#x201A;Â&#x2026;Â&#x20AC;Â&#x2030;Â&#x201C;Â&#x192;Â&#x192;Â&#x2018;Â&#x160;Â&#x2030;Â&#x201E;Â&#x160;Â&#x2021;Â&#x201A; ,~ Â&#x20AC;Â&#x160;Â&#x2021; Â&#x152;Â&#x192;Â&#x2C6; Â&#x2C6;Â&#x2018;Â&#x2026; 6 Â&#x2C6;Â&#x2030; $Â&#x201A;Â&#x2DC;Â&#x2030; ~Â&#x2C6; Â&#x152;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x201A; 23(& Â&#x2019;Â&#x201A;Â&#x152;Â&#x2C6; Â&#x201C;Â&#x2021;Â&#x201A;Â&#x2026; Â&#x160;Â&#x2C6; Â&#x2019;Â&#x192;Â&#x2021;~Â&#x20AC;Â&#x2018; Â&#x152;Â&#x2039; Â&#x201D;Â&#x2026;Â&#x2019;Â&#x201A;Â&#x2021; Â&#x201C;Â&#x2019;Â&#x201C;Â&#x2030;Â&#x20AC;Â&#x2018;  ¤ Â&#x20AC;Â&#x160;Â&#x20AC; Â&#x2030;Â&#x2026; Â&#x2030;Â&#x2C6;Â&#x192;Â&#x2021; Â&#x17D;Â&#x2021;Â&#x192;Â&#x192;Â&#x2026; Â&#x20AC;Â&#x160;Â&#x2021;Â&#x2018; Â&#x201C;Â&#x152; Â&#x192;Â&#x2C6; Â&#x2DC;Â&#x201A;Â&#x2030;~Â&#x201E; Â&#x152;~Â&#x192;Â&#x2030;~Â&#x2021; Â&#x201A;Â&#x2019;Â&#x2030;Â&#x2C6;Â&#x192;Â&#x2018; Â&#x17D;Â&#x160;Â&#x2021;~ Â&#x2C6;Â&#x2030;Â&#x2026;Â&#x201A; Â&#x2019;Â&#x20AC;Â&#x2030;Â&#x152;~Â&#x2026; Â&#x160;Â&#x2019;Â&#x2019;Â&#x2021;~Â&#x2021;Â&#x2C6; 7Â&#x160;Â&#x2021; Â?Â&#x2021;Â&#x201A;Â&#x2021; Â&#x2021;Â&#x17E;Â&#x2030;Â&#x2026;Â&#x20AC;Â&#x2021;~Â&#x201C;Â&#x2021; Â&#x152;Â&#x2039; Â&#x20AC;Â&#x160;Â&#x2030;Â&#x2026; Â&#x2026;Â&#x2019;Â&#x201A;Â&#x2021; Â&#x201C;Â&#x2019;Â&#x201C;Â&#x2030;Â&#x20AC;Â&#x2018; Â&#x17D;Â&#x2026; Â&#x152;Â&#x2039;Â&#x20AC;Â&#x2021;~Â&#x2021;~Â&#x152; Â&#x201E;Â&#x160;Â&#x20AC;Â&#x152;Â&#x2019;Â&#x192;Â&#x201C;Â&#x20AC;Â&#x2021;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x152;Â&#x2030;Â&#x192;Â?Â&#x201A;ÂĄÂ&#x2021;Â&#x20AC;Â&#x2026; 7Â&#x201A;Â&#x152; Â&#x2DC;Â&#x192;Â&#x2021; Â&#x2030;Â&#x2026; 6 Â&#x2C6;Â&#x2030; $Â&#x201A;Â&#x2DC;Â&#x2030; Â?Â&#x2018; Â&#x17D;Â&#x2021;Â&#x192;Â&#x192; Â&#x160;Â?Â&#x2021; Â&#x192;Â&#x2021;Â&#x2026;Â&#x2026; Â&#x2026;Â&#x2019;Â&#x201A;Â&#x2021; Â&#x201C;Â&#x2019;Â&#x201C;Â&#x2030;Â&#x20AC;Â&#x2018; Â&#x20AC;Â&#x160;~ Â&#x2030;Â&#x20AC;  Â&#x2026;Â&#x2021;Â&#x2C6; Â&#x20AC;Â&#x152; $ Â&#x201A;Â&#x2021;Â&#x201C;Â&#x2021;~Â&#x20AC; Â&#x201A;Â&#x2021;Â&#x2019;Â&#x152;Â&#x201A;Â&#x20AC; Â&#x2019;Â&#x2C6;Â&#x2039;  Â&#x2039;Â&#x201A;Â&#x152;Â? Â&#x20AC;Â&#x160;Â&#x2021; International Energy Agency estimates Â&#x20AC;Â&#x160;Â&#x20AC;23(&Â&#x161;Â&#x2026;Â&#x2026;Â&#x2019;Â&#x201A;Â&#x2021;Â&#x201C;Â&#x2019;Â&#x201C;Â&#x2030;Â&#x20AC;Â&#x2018;Â&#x2030;Â&#x2026;~Â&#x152;Â&#x17D;Â&#x203A; Â&#x2026;Â&#x20AC; 2.2 million barrels per day â&#x20AC;&#x201D; well down Â&#x2039;Â&#x201A;Â&#x152;Â?Â&#x20AC;Â&#x160;Â&#x2021;Â&#x20AC;Â&#x160;Â&#x201A;Â&#x2021;Â&#x2021;Â&#x2018;Â&#x2021;Â&#x201A;Â?Â&#x2021;Â&#x201A;Â&#x201E;Â&#x2021;Â&#x152;Â&#x2039;Â?Â&#x2030;Â&#x192;Â&#x192;Â&#x2030;Â&#x152;~ Â&#x2DC;Â&#x201A;Â&#x201A;Â&#x2021;Â&#x192;Â&#x2026; Â&#x2019;Â&#x2021;Â&#x201A; Â&#x2C6;Â&#x2018; 7Â&#x160;Â&#x2030;Â&#x2026; Â&#x2C6;Â&#x20AC; Â&#x2030;Â&#x2026; Â&#x192;Â&#x17D;Â&#x2018;Â&#x2026;  Â&#x2DC;Â&#x2030;Â&#x20AC;Â&#x2039; Â?Â?Â&#x2018;Â&#x2DC; Â&#x20AC;Â&#x2030;Â&#x20AC;Â&#x2026; Â&#x201E;Â&#x201E;Â&#x2021;Â&#x2026;Â&#x20AC;Â&#x2026;Â&#x20AC;Â&#x160;Â&#x20AC;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x17D;Â&#x152;Â&#x201A;Â&#x192;Â&#x2C6; Â&#x160;Â&#x2026;Â&#x192;Â&#x2021;Â&#x2026;Â&#x2026;Â&#x2DC;Â&#x2030;Â&#x192;Â&#x2030;Â&#x20AC;Â&#x2018;Â&#x20AC;Â&#x152;Â&#x2C6;Â&#x2021;Â&#x192;Â&#x17D;Â&#x2030;Â&#x20AC;Â&#x160;Â&#x2C6;Â&#x2030;Â&#x2026;Â&#x201A; Â&#x2019;Â&#x20AC;Â&#x2030;Â&#x152;~Â&#x2026; Â&#x20AC;Â&#x160;~Â&#x2030;Â&#x20AC; Â&#x2026;Â&#x2021;Â&#x2C6;Â&#x20AC;Â&#x152;$~Â&#x2C6;Â&#x20AC;Â&#x160;Â&#x20AC;Â&#x20AC;Â&#x160;Â&#x2021;,($Â&#x2026;Â&#x2018;Â&#x2026; Â?Â&#x2018; Â&#x160;Â&#x2021;Â&#x192;Â&#x2019; Â&#x2021;Â&#x17E;Â&#x2019;Â&#x192;Â&#x2030;~ Â&#x17D;Â&#x160;Â&#x2018; Â&#x152;Â&#x2030;Â&#x192; Â&#x2039; Â&#x20AC; Â&#x201A;Â&#x2021;Â&#x2026; Â&#x201A;Â&#x2021; Â&#x201E;Â&#x2021;~Â&#x2021;Â&#x201A;Â&#x192;Â&#x192;Â&#x2018;Â&#x2026;Â&#x2019;Â&#x2030;ÂĄÂ&#x2030;~Â&#x201E;Â&#x160;Â&#x2030;Â&#x201E;Â&#x160;Â&#x2021;Â&#x201A;Â&#x192;Â&#x20AC;Â&#x2021;Â&#x192;Â&#x2018; 7Â&#x160;Â&#x2021;,($Â&#x2021;Â&#x2026;Â&#x20AC;Â&#x2030;Â?Â&#x20AC;Â&#x2021;Â&#x2026;Â&#x20AC;Â&#x160;Â&#x20AC;Â&#x201A;Â&#x2021;Â&#x201C;Â&#x2021;~Â&#x20AC;Â&#x20AC;Â&#x2021;~Â&#x2026;Â&#x2030;Â&#x152;~Â&#x2026; Â&#x2030;~ 6Â&#x2018;Â&#x201A;Â&#x2030; ~Â&#x2C6; Â&#x2021;Â&#x192;Â&#x2026;Â&#x2021;Â&#x17D;Â&#x160;Â&#x2021;Â&#x201A;Â&#x2021; Â&#x160;Â?Â&#x2021; Â&#x2DC;Â&#x152;Â&#x152;Â&#x2026;Â&#x20AC;Â&#x2021;Â&#x2C6; Â&#x20AC;Â&#x160;Â&#x2021;Â&#x2019;Â&#x201A;Â&#x2030;Â&#x201C;Â&#x2021;Â&#x152;Â&#x2039;Â&#x152;Â&#x2030;Â&#x192;Â&#x2DC;Â&#x2018;Â&#x2DC;Â&#x152; Â&#x20AC;Â&#x2019;Â&#x2021;Â&#x201A;Â&#x2DC;Â&#x201A;Â&#x201A;Â&#x2021;Â&#x192; 7Â&#x160;Â&#x20AC; Â&#x17D;Â&#x152; Â&#x192;Â&#x2C6; Â&#x20AC;Â&#x2018;Â&#x2019;Â&#x2030;Â&#x201C;Â&#x192;Â&#x192;Â&#x2018; Â&#x20AC;Â&#x201A;~Â&#x2026;Â&#x192;Â&#x20AC;Â&#x2021; Â&#x2030;~Â&#x20AC;Â&#x152;  Â&#x201E;Â&#x2026;Â&#x152;Â&#x192;Â&#x2030;~Â&#x2021; Â&#x2019;Â&#x201A;Â&#x2030;Â&#x201C;Â&#x2021; Â&#x2030;~Â&#x201C;Â&#x201A;Â&#x2021;Â&#x2026;Â&#x2021; Â&#x2030;~ Â&#x20AC;Â&#x160;Â&#x2021; 8~Â&#x2030;Â&#x20AC;Â&#x2021;Â&#x2C6; 6Â&#x20AC;Â&#x20AC;Â&#x2021;Â&#x2026;Â&#x152;Â&#x2039;Â&#x201A;Â&#x152; ~Â&#x2C6;Â&#x201C;Â&#x2021;~Â&#x20AC;Â&#x2026;Â&#x2019;Â&#x2021;Â&#x201A;Â&#x201E;Â&#x192;Â&#x192;Â&#x152;~ $~Â&#x152;Â&#x20AC;Â&#x160;Â&#x2021;Â&#x201A; Â&#x17D;Â&#x2018; Â&#x20AC;Â&#x152; Â&#x20AC;Â&#x160;Â&#x2030;~ÂĄ Â&#x2DC;Â&#x152; Â&#x20AC; Â&#x20AC;Â&#x160;Â&#x2021; Â&#x201A;Â&#x2021;Â&#x201C;Â&#x2021;~Â&#x20AC; Â&#x152;Â&#x2030;Â&#x192; Â&#x203A;Â&#x152;Â&#x192;Â&#x20AC; Â&#x2030;Â&#x2026; Â&#x20AC;Â&#x160;Â&#x201A;Â&#x152; Â&#x201E;Â&#x160; Â&#x20AC;Â&#x160;Â&#x2030;Â&#x2026; Â&#x201A; Â&#x192;Â&#x2021; Â&#x152;Â&#x2039; Â&#x20AC;Â&#x160; Â?Â&#x2DC;Â&#x2DC;Â&#x2018;Â&#x20AC;Â&#x160;Â&#x2021;86(~Â&#x2021;Â&#x201A;Â&#x201E;Â&#x2018;,~Â&#x2039;Â&#x152;Â&#x201A;Â?Â&#x20AC;Â&#x2030;Â&#x152;~ Administration. A sustained $10 Â&#x2030;~Â&#x201C;Â&#x201A;Â&#x2021;Â&#x2026;Â&#x2021;Â&#x2030;~Â&#x20AC;Â&#x160;Â&#x2021;Â&#x201C;Â&#x152;Â&#x2026;Â&#x20AC;Â&#x152;Â&#x2039;Â&#x2DC;Â&#x201A;Â&#x201A;Â&#x2021;Â&#x192;Â&#x152;Â&#x2039;Â&#x152;Â&#x2030;Â&#x192;Â&#x2030;Â&#x2026; Â&#x2021;Â&#x2026;Â&#x20AC;Â&#x2030;Â?Â&#x20AC;Â&#x2021;Â&#x2C6;Â&#x20AC;Â&#x152;Â&#x2026;Â&#x160;Â?Â&#x2021;Â&#x2DC;Â&#x152; Â&#x20AC;Â&#x2019;Â&#x152;Â&#x2030;~Â&#x20AC;Â&#x2026;Â&#x152; *'3Â&#x201E;Â&#x201A;Â&#x152;Â&#x17D;Â&#x20AC;Â&#x160;Â&#x2030;~Â&#x20AC;Â&#x160;Â&#x2021;Â&#x2020;Â&#x201A;Â&#x2026;Â&#x20AC;Â&#x2018;Â&#x2021;Â&#x201A;Â&#x192;Â&#x152;~Â&#x2021;6Â&#x152; Â&#x160;Â&#x2030;Â&#x201E;Â&#x160;Â&#x2021;Â&#x201A; Â&#x2026;Â&#x2019;Â&#x2030;ÂĄÂ&#x2021;Â&#x2026; Â&#x201C;Â&#x152; Â&#x192;Â&#x2C6; Â&#x201C;Â&#x2021;Â&#x201A;Â&#x20AC;Â&#x2030;~Â&#x192;Â&#x2018; Â&#x2026;Â&#x20AC;Â&#x201A;Â&#x20AC; Â&#x20AC;Â&#x152; matter economically.


78

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

BUSINESS INTERVIEW

How I weathered turbulence to nurture FCMB â&#x20AC;&#x201D;Subomi Balogun Like a mother who has a child, even though you cannot walk with the kid, your eyes, your mind would still be with the child. You want to see the child grow and develop

Balogun

YEÂ&#x152;E5C74Y747J9@56>?74567J?9U7;EU>7;97;EU><7 7{?E5C7 out words of wisdom and observation. Did your training as a lawyer help you get this [52> I was doing very well in law as a student. The government of the late Pa Obafemi Awolowo in the old Western Region decided to train lawyers in the drafting of laws, not just public laws alone, but x4qY7J9?74C?>>U>5;Y74567:5458E4x7698@U>5;YP797 when I trained in the British parliament, I continued it in London. It was while I was in London I heard of stocks and shares. That was how I got the E6>479J7Y>Â&#x152;E5C7@B7457E5V>Y;U>5;789UB45M784xx>67 ?EU?9Y>7 5V>Y;U>5;P7 9<7 6>:5E;>xM7 ;=4;7 ;?4E5E5C7 opened my eyes wide. I rose to the highest levels in the civil service and at 28, I was the Assistant Parliamentary Counsel of the Federation, I was the YYEY;45;7>C4x7?4J;Y7U45P7 7C9;7;97Â&#x192;59q79J7 <7 EC>?E457 56@Y;?E4x7>V>x9BU>5;745Â&#x192;74567 7Y4E67 and with the support of the Almighty God, I had banks you know now followed. So, FCMB is a to myself, I must go there. What I did was useful 47VEYE957;974Â&#x152;4E57;=>789UU456E5C7=>EC=;Y7E57;=>7 30-year journey that was started by me. We had for all coming generations and that training helped U454C>U>5;7 9J7 47 :5458E4x7 E5Y;E;@;E95P7 7 q4Y7 59;7 the old generation banks that were started by U>7;97C>;7E5;97;=EY7:5458E4x7;=E5CP arrogant, but trying to prove a point, which I have expatriates and we had a few banks which were ;7 <7;=>M7Y4E67 7q4Y7}@Y;747x4qM>?74567;97 started by mergers, but began with an individual rub it in, they brought in a 32-year-old young been able to do by the grace God. So, when I felt cheated by not being allowed to like in the case of FCMB. U>?E8457q=9795xM7=46747:?Y;76>C?>>P7 7q4Y7¯74567 I got into it because I had a dream and vision he was 32. So, I wrote petitions to the then Head of head the institution created by a foreign institution, my then former employers, I had the courage based on the culture of always looking for the best ;4;><7 >57x@Y>C@57{4Y45}9P7 7q4Y747:C=;>?<7Y97 to resign and without anything in my pocket. I - culture of integrity and business ethics. So I will 74Â&#x152;?48;>67>5>UE>Y<7ExxÂ?E5J9?U>67>5>UE>YĂ 7 76E65Â&#x160;;7 decided to start on a journey of self actualisation. It say it all started, from a dream by a young man :C=;7;=>U7{48Â&#x192;7{>84@Y>7 7q4Y7J98@Y>67E57q=4;7 7 was not a proud journey; it was a journey of faith. who felt cheated and wanted to start a bank by wanted to do. So, that training gave me the broad It was turbulent and so many people still see me being a pioneer in his time. UE5674567>XB9Y>67U>7;97:5458>P7>9Bx>7>XB>8;>67 around after about 40 years of doing what no other 470C40:4;0[++6803++-./0:4;20D5.?03;==++C-./0 that you should be an economist or accountant 5.C0/247-./> Nigerian had done. before you can do what I did. So to those of you Like a mother who has a child, even though you q=97 =467 6EÂ&#x201D;>?>5;7 6EY8EBxE5><7 EJ7 M9@7 xEY;>57 ;97 ;=>7 Those of you who are older in the media know q=4;7{4Â&#x152;x>Y7 7=467J9@C=;74567B>9Bx>7q=976E65Â&#x160;;7 cannot walk with the kid, your eyes, your mind voice of God, if you listen to your inner self, you know me felt I was arrogant. I wish they learnt would still be with the child. You want to see the can get to the top. from what happened to me by being focused and child grow and develop. The child is able to meet -660 :4;0 35:0 D5.?30 4r+2+C0 B42+0 41142<;.-<:0 =4VE5C789@?4C>P79@7q9@x67:567;=4;7;=?9@C=7UM7 up with its peers, so even though at about 80, I am <4C5:0<95.0lp0:+52305/4> journey, the whole thing has been punctuated by retired, I still continuously give advice when and There are opportunities, but people have not where necessary. my faith in God and that faith was very strong. tapped into it. Towards the end of my career, I found that So, 35 years ago, without thinking of what to 44?-./05<00<4C5:8074;6C0:4;035:0:4;052+0 69<7 7;=?>q7E57UM7x>Â&#x152;>?79J7?>YEC54;E95P7?>4U7EY747 investment banking was not enough for us to =4B[42<5D6+07-<90<9+06+Y+60-<095305,5-.+C> personal thing and it is known all over the world U4Â&#x192;>7?>Y9@?8>Y74567?>V>5@>74567B?9:;Y7;=4;78457 My mind is entrenched in something much that many institutions that have become large, an make us compete with the other banks. When the bigger. That was why I led FCMB to be quoted on individual started it and I had a template which idea of universal banking came, in addition to you the market. That was why I also broke the myth in this country, was either not known or if it was being a good investment bank, you should be able that the bank was only meant for elites. Now known, people where cynical about. In the world, to take deposits and give cheque books. So, there is at FCMB, we are very much involved in retail you have heard of the JP Morgan, Rockefeller, 597q4M745M7U9;=>?78457;4Â&#x192;>79Â&#x201D;7=>?7UE567J?9U7;=>7 {45Â&#x192;E5CĂ 7 ;=4;7 EY7 q=M7 q>7 =4V>7 C?9q57 J?9U7 :V>7 Cadbury etc.; they were all individuals and if you progress of the child. That is the way I feel. branches to nearly 300 and we are still growing. So, From time to time, I try to give them my ideas. it is more or less a function of the environment that heard of Sir Sigmund Warburg, who was actually my template, who started the oldest merchant bank Just e this morning, I asked why my shares in the we are going the way we are. We are just about half in Britainâ&#x20AC;Ś So, when I decided to do it, I looked for market are not performing. I became an adviser. way with where we are going and I thank God that him, I read his book. I even visited him before he I took them through being quoted on the market. I am associated with the chief executive because his So, this hatred of what people call a one-man dreams are much wider than what I thought. He 6E>6P79@7q9@x67:567;=4;7=>7q4Y76EVE5>xM7C@E6>6<7 show in Nigeria, like in those days when I went to took the bank from over 100 to nearly 300 branches and based on precedence. But in Nigeria, people thought it was sacrilegious the Central Bank and told some people I wanted and he has acquired nearly eight banks and we are for an individual to set up a bank, whereas I was to start a bank, one young man said you would still growing. This means that FCMB is a dynamic Y>Â&#x152;E5C7457>X4UBx><7 7q4Y7{>E5C747BE95>>?P7=>57 go to jail because he did not have faith in himself Continued on Page 79 I did it, seven or eight years ago, the likes of other as no other Nigerian had done it before. I am now

The First City Monument Bank (FCMB) story began in September 1977 with the establishment of City Securities Limited, the progenitor of the entire First City Group. This month, the Bank clocked 30 years, and in this interview held in Lagos, its founder, Otunba Michael Subomi Balogun, goes down memory lane to explain how the Bank was formed, and how it survived the â&#x20AC;&#x2DC;turbulent yearsâ&#x20AC;&#x2122;. How would you describe your journey in the -/+2-5.0@.5.=-560B52?+<> y journey to what you now see, has been divinely guided and if you care to know the details, go to the Primrose Tower at the headquarters of the organisation, you will read on the plaque: â&#x20AC;&#x153;This block, Primrose Tower is dedicated to the glory of God, as an embodiment of a young manâ&#x20AC;&#x2122;s faith in the unfailing support of the Almighty God, and in his own destiny; in spite of the seemingly insurmountable obstacles.â&#x20AC;? Secondly, it is also a monument of a young Nigerianâ&#x20AC;&#x2122;s determination to succeed and to prove ;=4;7 CEV>57 ;=>7 9BB9?;@5E;M<7 =>7 =4Y7 ;=>7 U>Â&#x152;x>7 ;97 4Â&#x152;4E57;=>789UU456E5C7=>EC=;7E57;=>7U454C>U>5;7 9J747:5458E4x7E5Y;E;@;E95P Lastly, it serves as a lesson to mankind that in all things, mortals may have their say, but in the :54x7454xMYEY<7;=>7xUEC=;M7 967q9@x67=4V>7=EY7 way. That encapsulates my whole journey. I had a dream and a vision. I was cheated as an employee of another institution owned by Nigerians and expatriates. I was the brain behind the whole thing. I went on a course in the United States and I came back with ideas that we should set up a merchant bank, but when it came to selecting the chief executive, I was told that because I had a basic training in law, I could not be the chief executive. I was 42 then, and they brought a 32-year-old young U457qE;=7xEÂ&#x152;x>79?7597>XB>?E>58>7J?9U7U>?E847;97 come and boss me. One of the gifts God gave me is courage and tenacity of purpose which was what gave rise to the dream and vision God gave to me. I knew where I was going, but the vista was misty. It was unbelievable that one Nigerian would say that if he did not get a position in a bank, he would go out to set up a bank. But as this encapsulated, I was trying to prove that given the opportunity

M


79

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

BUSINESS NEWS

BUSINESS INTERVIEW

CBN deploys 177,646 PoS in eight months William Anaebonam with agency report

T

Balogun

â&#x20AC;&#x2DC;How I weathered the stormâ&#x20AC;&#x2122; Continued from Page 78 E5Y;E;@;E95Ă 7q>7=4V>759;7?>48=>679@?76>Y;E54;E95P7 =>78=E>J7>X>8@;EV>7Y4E67qE;=E5747B>?E967=>7q45;Y7 ;97U4Â&#x192;>7@Y74U95C7;=>7:?Y;7:V><7 7B?4M7J9?7=EU74567 I am in full support of it. When the dividend was high, at what point did you decide to go and achieve what you called an industry benchmark? I had set a stage that at a particular time I must 4xx9q7 ;=>7 9x67 9?6>?7 ;97 8=45C><7 ME>x6E5C7 Bx48>7 ;97 5>qP7@88>YY7qE;=9@;747Y@88>YY9?7EY759;7Y@88>YYP79<7 4;747B9E5;<7 7q4Y7;=E5Â&#x192;E5C79J7q=>57 7q9@x67?>;E?>7 and I actually said to myself at the age of 70, but 4;7¡Ă&#x160;7;97¡´<7=>xx7q4Y7x>;7x99Y><7>V>57q=>57 7Â&#x192;5>q7 7 =465Â&#x160;;7695>745M;=E5C7{@;7UM7 967q4Y7qE;=7U>P7 ;7;=>7>V>79J7UM7°¹;=7{E?;=64M<7 7?>;E?>6P7 ?9q;=7 EY7Y9U>;=E5C7;=4;7EY7895;E5@9@Y7Y97 7q4Y7U4Â&#x192;E5C7 arrangement for succession. A lot of people look up to you as a role model, what would be your advice to them? They should persevere through the guidance 9J7;=>7xUEC=;M7 967;=4;74xx7q9@x67{>7q>xxP7=>M7 Y=9@x6759;7CEV>7q4M7;97;=>7YM56?9U>79J769@{;E5C7 Thomas. They should be determined, focused straight and have integrity and then out of the Y84?8E;M7E5747;9@C=7>5VE?95U>5;<7 967q9@x67Y=9q7 ;=>U7;=>7q4M79@;P7=>M7Y=9@x6759;7CEV>7@BP7 7{>xE>V>7 God has used some of us as a pointer to the next generation that they should not lose faith. Where would you want to see the group in the next decade? Not because Ladi is my son, the sky is the limit 4567 7q45;7=EU7;97>XBx9?>P7>?M7Y995<7;=>7956957 {?458=7q9@x67{>7>XB456>674567E;Y7=9?Ež957EY7{>E5C7 qE6>5>6<7 {@;7 E57 EC>?E4<7 ;=>?>7 EY7 47 8?ME5C7 5>>67 to bring back banking facility to your computer and mobile phones. The best of the state-of-the-art {45Â&#x192;E5C7B?48;E8>Y7{>E5C784Y=x>YY<7 7q45;77;97 {>74U95C7;=>7:?Y;7:V><759;795xM7E57YEž><7{@;74xY97E57 service. In London, I used my card in a big shop 4567qE;=E57Y>8956Y7 7C9;74574x>?;7Y97 74U759;7;>xxE5C7 Y;9?E>Y<7 {@;7 ;=>7 Y=9B7 U454C>?7 4YÂ&#x192;>67 EJ7 q>7 =467 47 {?458=7 E57 956957 4567 ;=>M7 q45;>67 ;97 9B>57 457 4889@5;P7 7J>x;7B?9@67qE;=7UMY>xJ7Y97;=4;7EY7;=>75>X;7 8=45C>7 7q45;7J9?7P Tracing your steps backward in your journey, what have you done that you think you should 95Y+0C4.+0D+,+2> J7 789U>7{48Â&#x192;7;97;=>7q9?x6<7 7q9@x67q45;7;97C97

4xx79V>?7E;74C4E57qE;=7P79<7;=>?>74?>7597?>C?>;YP7 When I look back, I smile and raise up my hands to thank God. What will be your advice to young CEOs? Professionalism and ethics are culture of >X8>xx>58>P7 7 J4E;=7 E57 967 4567 458=9?E5C7 q=4;7 you are doing on the Supreme Being. The reason I >UB=4YEY>67 967=>?>7EY7{>84@Y>7U@8=79J7q=4;7=4Y7 happened to me, has been God-driven. You must 59;7 89UB?9UEY>7 E5;>C?E;M<7 597 U4Â&#x152;>?7 q=4;7 B?9:;7 you are going to make, you should be transparent and clear. I have learnt considerable lessons in life, and I have gone through the crucible of a chastising >XB>?E>58>7qE;=7;=>7Y@BB9?;79J7B?9VE6>58><7 7=4V>7 ?>5>q>67UM7Y;?>5C;=7xEÂ&#x192;>7457>4Cx>74567 74U759q7E57 47B9YE;E957;97Y94?7;97q=4;>V>?7x>V>x7UM7 967q9@x67 ;4Â&#x192;>7U>P7x;=9@C=<7 7q4Y7;=9?9@C=xM7Y=4Â&#x192;>5<7 7q4Y7 59;7@B?99;>674567UM7=>467q4Y7{9q>6<7{@;759;78@;P7 In spite of all these, the Almighty God gave us the grace, to reorganise the group and forge ahead. So, I thank God that neither my health, nor UM7 B>?Y954x7 89UB9Y@?>7 qE;=E57 ;=>7 YMY;>U7 4567 ;=>7B@{xE8<7Y@Â&#x201D;>?>6745M7x9YYP7M7J4E;=7E57UM7 967 {>84U>7:?UxM7>Y;4{xEY=>674567 74U74{x>7;97Y>?V>7 Him more faithfully and more steadfastly. 9@7 U4M7 q956>?7 q=4;7 U4Â&#x192;>Y7 ;=EY7 U457 ;=E8Â&#x192;7 4Y7 74U747V>?M7;=9?9@C=7B>?Y95P7EÂ&#x192;>747YqEUU>?<7 you cannot suddenly stop in the middle of the sea qE;=9@;7U4Â&#x192;E5C7M9@?7=4567B?9C?>YY<79;=>?qEY>7M9@7 qExx7YE5Â&#x192;P79<7M9@7=4V>7;97895;E5@>7;97YqEU74567J48>7 ;=>7q4V>YĂ 7{@;7M9@7U@Y;7=4V>7895:6>58>74567J4E;=7 E57 96P7 =4;7 EY7 q=4;7 =4Y7 {>>57 Y@Y;4E5E5C7 @Y7 4567 ;=4;7EY7q=M7 7895;E5@>7;97Y>>Â&#x192;7;=>7J48>79J7 967J9?7;=>7 progress of FCMB. 95<074;6C0:4;0C40C-r+2+.<6:0-[0:4;07+2+0B5C+0 CBN governor? I am an old man, and I donâ&#x20AC;&#x2122;t get into controversies. xx7 7697EY7B?4M7J9?7;=>7=9x6>?Y79J7;=>79~8>P What is the secret of your health? When you people leave, I am either in the YqEUUE5C7B99x<79?7q4xÂ&#x192;E5C74?9@567;=EY7Bx48>P7 7}@Y;7 feel that God still has a big plan for me, even till I get 100 years of age. But the basic thing is to ask God ;97CEV>7U>7;=4;7C?48>7;97xEV>7q>xx74567Y>?V>7 EU7E57 ;9;4x7895;>5;U>5;7qE;=7q=4;7 >7=4Y7695>7J9?7U>P7 7 4U759;79V>?74U{E;E9@Y<7 74U7;=?9qE5C7UMY>xJ7xEÂ&#x192;>7 ;=>75>;7q=E8=747:Y=>?U457;=?9qY7E5;97;=>7q4;>?74567 x>4V>Y7E;74567=4?V>Y;Y7E;7;97q=4;7 967qExx7CEV>7=EUP7 So, the secret is the grace of God.

he central Bank of Nigeria has successfully deployed and connected 177,846 cumulative number of point of sale POS machine as at August 2013.This represents an increase of over 2800per cent above the 5,992 recorded as at end of January 2012. =>Y>7 :C@?>Y7 q>?>7 CEV>57 {M7 ;=>7 deputy governor of the bank Mr Tunde Lemo,at a forum on CBN 84Y=x>YY7 9B>?4;E95P7 =>7 >V>5;7 q4Y77 meant to educate members of the manufacturers Association of Nigeria MAN on the policy so far. Lemo said registered merchants reached an all time high at 147,123 4Y74;77@C@Y;<7¯¹²³74567EY7C?9qE5CP7 According to him the thought of a cashless society is often conceived as 47 U96>x7 ;=4;7 qExx7 {>89U>7 4BB4?>5;7 sometime in the distant future. Unfortunately, that is simply not the case. The truth is that a cashless society is much closer than most B>9Bx>7q9@x67>V>?764?>7;97EU4CE5>P @?7:5458E4x7YMY;>U7EY76?4U4;E84xxM7 changing, and cash is rapidly becoming a thing of the past. We live E57 47 6ECE;4x7 q9?x6<7 q=>?>7 >~8E>58M7 gains can be transferred to our day to day payment transactions. The impact of developments in electronic payment systems leads to a virtuous economic cycle originating from consumers, thanks to higher availability of credit and increased >~8E>58M7 E57 ;?45Y48;E95Y<7 4567 J?9U7 U>?8=45;Y7 ;=4;7 :567 ;=>UY>xV>Y7 qE;=747x4?C>?7B99x79J7895Y@U>?Y74567 {>Â&#x152;>?7C@4?45;>>67B4MU>5;YP On card safety, the bank Chief said, as a prelude to the policy, Nigeria had achieved changeover from magnetic stripe based payment tokens and channels to CHIP +PIN compliant channel and tokens, thereby recording over 90% drop in card related fraud incidences. 57 ;=>7 x>V>x7 9J7 4q4?>5>YY<7 >U97 said Independent evaluations that sought to measure the impact of the 4Y=79xE8M7E574C9Y<7=4Y7Y=9q57;=4;7 ;=>?>7EY79V>?7º¹B>?78>5;74q4?>5>YY79J7 ;=>7 84Y=7 B9xE8M7 E57 4C9Y7 Y;4;>7 qE;=7 a moderate shift to e-payment usage {M7 ?>;4Ex7 4567 q=9x>Y4x>7 84?67 @Y>?YP77 =EY7 4889?6E5C7 ;97 =EU7 Y=9qY7 ;=4;7 consumers are gradually acquiring the appetite for card and not cash J9?7Y>Â&#x152;xE5C79J7?>;4Ex7B@?8=4Y>YP7 The president of MAN chief Kola Jamodu thanked the CBN for the B9xE8M7 šÂ&#x160;>7 4BB?>8E4;>7 ;=>7 J>q7 changes made by the CBN along the line of policy implementation in deference to outcry of some stakeholders, particularly the manufacturers and their merchants. Such changes include: Shifting of the date of application of penalty 957 x96CU>5;Y7 4567 qE;=6?4q4xY7 over the then authorized daily limits of N150, 000.00 and N1.m for individuals and corporates respectively from 1st January to 31st

Lemo

4?8=<7¯¹²¯76@><;=>7@Bq4?67?>VE>q7 9J7 4xx9q4{x>7 64ExM7 84Y=7 x96CU>5;Y7 4567qE;=6?4q4xY7J?9U7²Ă&#x160;Âą<7¹¹¹P¹¹7 and N1, 000,000.00 to N500, 000.00 and N3, 000,000.00 for individuals and corporate organizations respectively and exemptions of Micro Finance Banks and Mortgage Finance Institutions from the daily limit of cash lodgments/ qE;=6?4q4xY7E579?6>?7;97>54{x>7;=>U7 meet the daily cash demand of their customers. =EY7 59;7 qE;=Y;456E5C7 =E>J7 Jamodu explores the CBN to ?>VE>q7 8>?;4E57 4YB>8;7 9J7 ;=>7 policy. â&#x20AC;&#x2DC;â&#x20AC;&#x2122;manufacturers and their distributors particularly those operating in high cash generating activities have been contending qE;=7 Y9U>7 B>?;E5>5;7 EYY@>Y7 9J7 8958>?57 q=E8=7 ;=>7 4@;=9?E;M7 5>>6Y7 to consider for quick resolution. Among the issues are: the nonexemption of cash lodgements J?9U7;=>74xx9q4{x>7xEUE;Y<7CEV>57;=>7 84Y=7 69UE54;>67 >8959UM7 ;=4;7 q>7 9B>?4;><7 qE;=7 =EC=7 E5J9?U4x7 Y>8;9?7 that is largely operated by the micro, small and medium enterprises, inadequacy of PoS to support the scheme as Banks are unable to meet the demand of the users (merchants Master cards and reject Visa cards and vice versa; The need to further reduce the 1.25per cent transaction fee for the usage of PoS to a barest level for high volume transactions, payment of COT by Merchants on their accounts and at the same time paying for transaction fee for using the PoS, development of adequate security measures to forestall internet scamming of the bank accounts of ;=9Y>7 q=97 =4V>7 YEC5>67 957 E5;>?5>;7 {45Â&#x192;E5CĂ 7 4567 ;=>7 5>>67 ;97 4xx9q7 ;=>7 policy to evolve as Nigerians need more time to appreciate its goodness instead of hammering on sanctions 957 VE9x4;E957 9J7 4xx9q4{x>7 xEUE;YP77 The penal fee of N100/thousand and N200/thousand for Individuals and corporate organizations respectively is considered too high and punitive.


80

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

MOTORING

FRIDAY EKEOBA friday.ekeoba@mydailynewswatchng.com

2014 Land Rover LR4 goes supercharged

L

and Rover has revealed the details of its 2014 Discovery. In the United States, the big SUV is known as the Land Rover LR4. A supercharged 3.0-liter V6 will replace the 5.0-liter V8 and an eight-speed ZF automatic transmission will replace the old six-speed. Other fuel-saving measures are also on the docket

for the new model year. The new V6 engine will make 335 hp with forced induction, along with 331 lb-ft of torque. Top speed is limited to 121 mph while the 0-62 mph sprint will take a respectableâ&#x20AC;&#x201D;for an SUVâ&#x20AC;&#x201D;8.1 seconds. Curb weight is a hefty 5,655 pounds. Visually, the new Land Rover doesnâ&#x20AC;&#x2122;t seem to change too

much. It gets the new headlight setup from the Range Rover, ;=>7 C?Exx>7 x99Â&#x192;Y7 47 xEÂ&#x152;x>7 U9?>7 rounded, and thatâ&#x20AC;&#x2122;s about it. New 20- and 19-inch wheels are 9Â&#x201D;>?>6<7q=Ex>7;=>7x48Â&#x192;7>YEC57 Pack remains available. Stop/start technology is standard for all gas and diesel engines, while emissions are cut to 433 grams/mile of

carbon dioxide, whatever that means. Itâ&#x20AC;&#x2122;s also rated at 20 mpg combined, keep in mind that number is based on the European cycle. Two four-wheel systems 895;E5@>7 ;97 {>7 9Â&#x201D;>?>6<7 qE;=7 either a new, single-speed transfer case or the carryover ;qE5Â?YB>>6784Y>7;=4;79Â&#x201D;>?Y7=EC=7 and low range. The single-speed

case weighs 39.7 pounds less than the dual. A few new driver aids are thrown in the mix. Wadesensing technology, blind-spot monitoring, closing vehicles Y>5YE5C<7?>V>?Y>7;?4~876>;>8;E957 and T-junction cameras are 59q7 9Â&#x201D;>?>6P7 xY97 9Â&#x201D;>?>67 EY7 47 premium sound system with ´¯Ă&#x160;7q4Â&#x152;Y74567²°7YB>4Â&#x192;>?YP

2014 Rolls-Royce Wraith first drive

C

learly, Rolls-Royce was always going to do more with its heavilyâ&#x20AC;&#x201C; 464B;>67 7 °7 >?E>Y7 platform than churn out fourdoor limousines. This coupe was as inevitable as is the convertible that will follow it. @;7 9xxYÂ?9M8>7 89@x67 =4V>7 simply draped a sleeker shape over the Ghost and left the engineering unchanged. To its credit, however, Rolls has instead gone through the car from end to end so that while the carâ&#x20AC;&#x2122;s appearance from the windscreen forward makes no apology for its ghostly origins, its character, feel and behaviour are distinctly 6EÂ&#x201D;>?>5;P Headline hunters will be drawn to the 6.6-liter V12 engine and its massive 624 horsepower, a number that exceeds even the Ghost by some 61 hp along with a small improvement in torque, ;99P7@;7;=4;79V>?x99Â&#x192;Y747J4?7U9?>7 YEC5E:845;7 U96E:84;E957 J?9U7 ;=>7 Ghost sedan: a 7-inch chop in the wheelbase. Simply moving the front and rear wheels that much closer together gives the Wraith a level of agility a standard Ghost would not recognize.

@;7 9xxY7 6E65Â&#x160;;7 Y;9B7 ;=>?>P7 The steering has not only been reprogrammed to give it a weightier feel, itâ&#x20AC;&#x2122;s also been given a quicker ratio as well. All the elements of the suspension that could be changed â&#x20AC;&#x201D; spring, damper and roll-bar rates â&#x20AC;&#x201D; have been revised, while the rear track is slightly wider, too. Rolls has also persuaded the navigation system to strike up a conversation with the gearbox, so the transmission always knows whatâ&#x20AC;&#x2122;s coming on the road ahead. Encounter a situation where the gearbox would normally have upshifted, say at the end of a straight approaching a turn, and it will now hold the gear. It doesnâ&#x20AC;&#x2122;t yet work in 3D, so it canâ&#x20AC;&#x2122;t see hills approaching, but Rolls is working on it. For a start, itâ&#x20AC;&#x2122;s fast. Fast enough to hit 60 mph in 4.4 thunderous seconds. The engine with its revised output and exhaust YMY;>U7 EY7 x9@6>?7 4;7 J@xx7 ;=?9Â&#x152;x>7 than any other Rolls. And yet E;7 ?>U4E5Y7 >Â&#x201D;>8;EV>xM7 YEx>5;7 4;7 47 constant cruise. The company said, more interestingly, it doesnâ&#x20AC;&#x2122;t fall over the moment you reach a corner,

nor try to run away and hide in 457 46}48>5;7 :>x6P7 ;Â&#x160;Y7 47 x95C7 q4M7 short of calling it agile, but it is composed, reasonably accurate and, yes, almost fun. Itâ&#x20AC;&#x2122;s like watching a bear dance: The extraordinary thing is not the skill of the dance, but the fact that itâ&#x20AC;&#x2122;s

happening at all. Out of the road the Wraith still feels vast, particularly on the narrow lanes of southern England. It may be shorter and lower than a Ghost, but this twodoor coupe is still larger in all ;=?>>7 6EU>5YE95Y7 ;=457 Â&#x160;Y7

long-wheelbase 7 Series. Even so, the shorter wheelbase is welcome here, as is the perceived extra B?>8EYE9579J7;=>7Y;>>?E5CP7@;7M9@7 still canâ&#x20AC;&#x2122;t go steaming into blind 89?5>?Y7 qE;=7 45M7 895:6>58>7 ;=4;7 it wonâ&#x20AC;&#x2122;t always use more than its fair share of road at the exit.


81

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

MOTORING

Brabus tunes Mercedes S-class debut

G

erman tuner Brabus is working its magic on the new-generation Mercedes-Benz S-class for the Frankfurt motor show, the Brabus 850 6.0 Biturbo iBusiness. The clumsily named sedan comes with an iPad mini that can control all COMAND functions from the back seat. The company said it wouldnâ&#x20AC;&#x2122;t be here without adding gobs of power to the normally staid S-class. This one gets a re-machined engine block, cylinders and cylinder heads. Bigger bores allow the use of forged pistons with custom billet rods. Two turbochargers with a

larger compressor unit and U96E:>67>X=4@Y;7U45EJ9x6Y7 force air in and out while 47 84?{957 :{{>?7 E5;4Â&#x192;>7 BEB>7 scoops atmosphere from the outside. With the upgraded Brabus engine management system, the hefty sedan makes 850 hp at 5,400 rpm and a limited 848 lb-ft of torque. Brabus says twist could go up to 1,069 lb-ft, but for the sake of longevity, it needed to be reduced. 7U96E:>67V>?YE9579J7 Â&#x160;Y7 Speed Shift MCT seven-speed transmission forces power to the rear wheels. A limitedYxEB7 6EÂ&#x201D;>?>5;E4x7 EY7 9B;E954x<7 but with 850 hp weâ&#x20AC;&#x2122;d say itâ&#x20AC;&#x2122;s a good idea. The 0-62 mph sprint takes just 3.5 seconds, thatâ&#x20AC;&#x2122;s a

full half-second faster than ;=>7Y;98Â&#x192;7¡³7 P79B7YB>>67 ;= ; Â&#x192; ¡³   6 is pegged at 217 mph. The iBusiness moniker denotes the selection of multimedia systems integrated into the S-class. The tuning company is now on its second generation of business apps, ;=>7 :?Y;7 89UE5C7 E57 ;=>7 x4Y;Â? generation S-cass in 2010. The iPad mini tablet is integrated into a central console in the back seat, and besides connecting with the

vehicleâ&#x20AC;&#x2122;s functions, it also connects with the outside world via an in-car qEÂ?:7 =9;YB9;P7 7 487 UE5E7 is stationed on a drawer in the truck to facilitate bigger computing needs. A 15.2-inch color display serves as the main monitor. USB ports provide more connections with other devices, including phones and digital cameras. A 64-gigabyte hard drive is also included.

the Visually, Brabus 850 gets a new front fascia with integrated air scoops, upgraded front fenders and LED lights under the rocker panels. Bigger wheels and tires, and high-performance brakes are included, as is a special control module for the air suspension, which lowers the car more than half an inch. Pricing hasnâ&#x20AC;&#x2122;t been revealed yet, but we have a call into Brabus for the lowdown. Weâ&#x20AC;&#x2122;ll hear

Honda prices 2014 Ridgeline, Pilot and Acura TL

H

onda has revealed pricing and equipment on several models penultimate week. The Acura TL line basically carries over from 2013 with the same 280-hp, 3.5-liter V6 and the 305hp, 3.7-liter V6 for all-wheel-drive U96>xYP77 YEXÂ?YB>>67 4@;9U4;E87 EY7 standard on all but one trim. Three main packages are 9Â&#x201D;>?>6Ă&#x2039;7>8=59x9CM<76V458>74567 Special Edition. The Tech Package gets keyless entry, Milano leather, navigation, rear view camera, ;?4~874567q>4;=>?P7Y7J9?74@6E9<7 Tech Package adds a 10-speaker, ¹Â?q4Â&#x152;7 B?>UE@U7 4@6E97 YMY;>U7 with satellite radio and a 3,500song hard drive. The Advance Package includes the Technology upgrades and adds heated and ventilated front seats, and blind spot indicators. The Special Edition features 10-spoke, 18-inch alloy wheels, and a colour-matched deck lid spoiler. The 2014 Acura TL will start at $36,925 including destination. The 2014 Honda Pilot has a base price of $30,500 while the new Ridgeline can be had for $30,405. =>57U4X>679@;<7;=>78@?477 could sticker for $45,540. The 2014 Honda Pilot starts under $30,000 for the two-wheel-

6?EV>7V>?YE95P7E;=74xx79J7;=>7{9X>Y7 checked the eight-passenger SUV will top out at $42,250. =>7¯¹²7Ex9;7EY79Â&#x201D;>?>67qE;=7}@Y;7 95>7 >5CE5>Ă&#x2039;7 47 ÂłPĂ&#x160;Â?xE;>?7 ¡7 U4Â&#x192;E5C7 250 hp, which uses both Hondaâ&#x20AC;&#x2122;s i-VTEC and variable cylinder management to improve fuel >8959UM7 ?4;E5CYP7 7 :V>Â?YB>>67 4@;9U4;E87J>4;@?>Y7 ?46>79CE87 Control, which maintains an appropriate gear when climbing or descending hills, and variable torque management, which sends power to the rear wheels when the front tires slip. =>7 Ex9;7 9Â&#x201D;>?Y7 ²´7 8@{E87 J>>;7 of space behind the third row, and with both rows folded down owners get 69 cubic feet more. The seats can be arranged E57 ²¡7 6EÂ&#x201D;>?>5;7 895:C@?4;E95Y<7 depending on need. All Pilot models come with Multi-Information 8-inch an Display, rear view camera, iPod album artwork display, wallpaper function, Bluetooth, USB connection and automatic climate controls. EX and EX-L models add a 2-gigabyte music library, while Pilot EX and above models also include a 10-way power-adjustable driverâ&#x20AC;&#x2122;s seat and tri-zone automatic climate control. Topped out, the Pilot will sell for $42,250.

Car shopping advice

C

ar buying is very complicated. And for many people, itâ&#x20AC;&#x2122;s unpleasant, and for good reason. New cars are pure purchase and assured 6>B?>8E4;E95<7>X8>B;7E57;=>7?4?>Y;7 of circumstances. On top of it, car loans are weighted so you pay mostly interest initially, so you donâ&#x20AC;&#x2122;t have much equity in the vehicle â&#x20AC;&#x201D; whatever its worth â&#x20AC;&#x201D; for a long time. So of course, itâ&#x20AC;&#x2122;s intimidating, but you can do it with our help. The secret is understanding where the dealerâ&#x20AC;&#x2122;s profit comes from â&#x20AC;&#x201D; and knowing when itâ&#x20AC;&#x2122;s time to forget about all that and shop

as you would for a good deal on any product. Though the process can be difficult, buying a new car shouldnâ&#x20AC;&#x2122;t be thought of as a war between buyer and seller; instead, itâ&#x20AC;&#x2122;s a business negotiation â&#x20AC;&#x201D; nothing more, nothing less. The sooner consumers recognize this, the better off they will be. As you begin preparations to buy a new car, realize that getting the best possible deal requires a good amount of research and plenty of time. You may need to do a cost-benefit analysis that weighs your time and effort versus the difference

between the invoice price and suggested retail. Without investing any time in research or =4CCx>7 >JJ9?;<7 >XB>8;7 ;97 B4M7 ;=>7 manufacturerâ&#x20AC;&#x2122;s suggested retail price for the vehicle and possibly more for financing and add-on items. You should peruse all of this comprehensive guide before you start shopping. This guide costs you nothing. If you canâ&#x20AC;&#x2122;t bother to invest the time in reading the whole thing, youâ&#x20AC;&#x2122;re off to a rotten start in the car-buying process, and your results will be predictable. Remember that this guide, or at least the part about dealer costs, applies to new vehicles only.


82

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

CAPITAL MARKET

Q3: Profit taking, festive mood depressed stock market â&#x20AC;&#x201C;SEC \\\$]^_(`q']{|}~]|{ Stories by Friday Ekeoba

T

he Securities and Exchange Commission (SEC) has given insight into the pull back of the stock market since the beginning of the third quarter, even as it described the trend as a normal phenomenon during this period of the year. It will be recalled that the market, which reach its all time high of 40 per cent growth on June 11, has since the beginning of third quarter of July been experiencing oscillation in transaction, thereby giving some concern to investors in the domestic market. According to the Director General SEC, Ms Arunma Oteh, investors in the equities market usually leverage on the capital appreciation in stocks during this time of the year to take B?9:;<7 }@Y;7 4Y7 Y9U>7 9J7 ;=>7 J>Y;EV>7 periods which fall at this time of the third quarter, also drag down value. She said notwithstanding the drawbacks in the value of shares, transaction in the market since the beginning of the year is a pointer that the reform measures taken in the market have continued to add value to its growth and development. Speaking on the performance of the Nigerian capital market in the last few months, Oteh said the stock market capitalisation had risen by two and half times to N11.59tn as of Friday. She added that the domestic bond market had also grown to a capitalisation of N5.87tn, with a combination of Federal Government of Nigeria, state government and corporate bonds. The SEC boss said, â&#x20AC;&#x153;As an institution, we are delighted at the way the market evolved in the last year. We had a very >X8E;E5C7 :?Y;7 =4xJ7 qE;=7 ;=>7 U4?Â&#x192;>;7 =EÂ&#x152;E5C7 457 4xxÂ?;EU>7 =EC=7 9J7 ¹<¹¹¹7 indexes. It is important to note that despite the challenges that emerging markets all over the world have been faced with, the Nigerian market has been doing well. â&#x20AC;&#x153;Markets such as China, Indonesia, India and Brazil have struggled, but the Nigerian capital market remains one of the best all over the world. This gives a lot of credence to the reforms embarked upon by the regulators in the last three years.â&#x20AC;? 57 XÂ??4M7 9J7 ;=>7 7 >4?Â?;9Â? Date penultimate Friday showed a depreciation of 29.65 per cent, representing a decline from a peak of 36 per cent recorded in the second quarter of this year. Despite the fact that indices closed positive at the end of trading last week, analysts say the market indicators =4V>7 Y=9q57 47 x9;7 9J7 Y>xxÂ?B?>YY@?>7 4Y7 47 ?>Y@x;7 9J7 ;=>7 =4xJÂ?M>4?7 B>?J9?U458>7 ;@?5>67E57{M7U4}9?789UB45E>YP At the close of last week Fridayâ&#x20AC;&#x2122;s trading, the market capitalisation of the listed equities lost N23bn or 0.2 per cent from N11.614tn on Thursday that week, to close at N11.591tn. =>7 7xxÂ?=4?>7 56>X7 q4Y7 4xY97 down by 72.35 basis points or 0.2

Chairman, Special Event Committee, LTV, Mrs. Funke Moore, and Managing Director, Vintage Vision /xÂ&#x160;_?zQ0]^`Q>X$Â&#x201A;Q~]x_@]?Â?`>}@Â&#x20AC;0Qx>]?*`Q?Q|YXY(Â?`]z]]Y?]?1]Â?>@]QY@Â?Q?]Â&#x20AC;>xz~ Â&#x2022;]?QÂ?>Â&#x2022;]Â&#x20AC;]Y?Q/Â&#x2019;Â&#x2022;%X_>Â&#x17D;YY[&YqÂ&#x2039;X>Â?$Â?]?x]?Â?z]/QÂ?YÂ&#x20AC;@>^>?X~\`YY*YxÂ&#x2018;]?,@>{`>

per cent to 36,403.95 points, down from 36,472.30 points recorded the previous day. An analysis of the weekly trading, however, showed a marginal 4BB?>8E4;E957 4Y7 ;=>7 7 xx�=4?>7 Index rose by 0.2 per cent or 66.80 basis points to 36,403.95 points compared to 36,337.15 points on Monday. Also, the market capitalisation of the listed shares closed at N11.591tn, representing a marginal increase of 0.6 per cent or N66bn compared to N11.524tn recorded at the beginning of the week. =>7�³¹7 56>X<7q=E8=7U>4Y@?>Y7

the performance of the top 30 equities, was up by 0.1 per cent or 1.6 basis points from 1,696.10 points on Monday, to close at 1,697.70 points. The Consumer Goods Index and the Banking Index lost 0.7 per cent and 0.9 per cent down by 0.7 to close at 1,017.77 basis points and 389.45 points respectively. =>7 =E>J7 X>8@;EV>7 ~8>?<7 Lambeth Trust and Investment Limited, Mr. David Adonri, said that the loss recorded last month was as a result of tightening measures by the regulators. He said, â&#x20AC;&#x153;The equities market lost YEC5E:845;7 V4x@>7 E57 @C@Y;P7 ;7 q4Y7

driven down by external factors relating to global and domestic monetary tightening measures. â&#x20AC;&#x153;The market makers did a lot during the month to stabilise the market otherwise, the situation could have been worse than we witnessed.â&#x20AC;? He, however, explained that with the release of the third quarter results, activities might pick up in the market. He added that it was usual for investors to show an increased interest in the market in the period }@Y;74J;>?7?>Y@x;Y7=4V>7{>>57?>x>4Y>6<7 adding that there might be increased activities after the release of Q3 results.

)'Â&#x20AC;Â q&Â&#x201A;Â&#x201E;|{Â&#x2026;Â&#x2020;Â&#x2021;Â&#x2C6; ~Â&#x2030;Â&#x160;Â&#x2039;{]Â&#x152;}^Â&#x2020;Â?Â&#x2030;Â&#x2C6;Â&#x160;Â&#x2030;Â&#x2021;

B

arring any last minute change in date, the EC>?E457 :5458E4x7 U4?Â&#x192;>;7 is set to receive a boost as plans have been concluded for the commencement of operations by the FMDQ OTC dealers in November. The Director General of the Securities and Exchange Commission (SEC), Ms. Arunma Oteh, who gave this disclosure, said the new platform which is basically for the trading on bond will bring 4{9@;7 U9?>7 >~8E>58M7 4567 89Y;7 >Â&#x201D;>8;EV>5>YY7 E57 ;=>7 69U>Y;E87 economy. Oteh, who said the National Association of Securities Dealers (NASD) platform launched in March this has been doing creditably well in the trading of non listed equities, noted that the launch of the FMDQ will in no small measure enhance the credibility of the market and the economy. The Financial Markets Dealers

Association, which is an association of the treasurers of banks and discount houses in Nigeria, said the B?9}>8;7q4Y789UU>58>67;978?>4;>747 Y>xJÂ??>C@x4;9?M7 9?C45EY4;E957 GI7 in 2009 with the primary purpose 9J7 6>>B>5E5C7 ;=>7 E5;>?Â?{45Â&#x192;7 7 market trading in various securities and products. Thereafter, the association promoted the formation of FMDQ OTC PLC. The company was licensed by the Securities and Exchange 9UUEYYE957 GI<7 4Y7 47 Y>xJÂ?7 regulatory organisation (SRO), to organise and provide oversight on ;=>7V>?Â?;=>Â?9@5;>?<7<7U4?Â&#x192;>;7 in the Nigerian capital market in November 2012. FMDQ OTC will provide issuers, E5V>Y;9?Y74567>56Â?@Y>?Y79J7:5458E4x7 U4?Â&#x192;>;7 B?96@8;Y7 qE;=7 q9?x6Â?8x4YY7 market governance for capital transfer. The subscribers to the companyâ&#x20AC;&#x2122;s shares are banks, discount houses and the Nigerian Stock Exchange

through its subsidiary, NSE Consult. FMDQ OTC will organise the OTC market and standardise the operations, practice and business conduct of its members and their representatives with a view to protecting investors and the public interest. The immediate focus is the EC>?E47 E5;>?Â?{45Â&#x192;7 U4?Â&#x192;>;Y7 Âź7 money, repo, foreign exchange, treasury bills and bonds The establishment of FMDQ OTC would address governance structure and single operating Bx4;J9?U<7 4CC?>C4;E5C7 B?>Â? ;?46>7 4567 B9Y;Â?;?46>7 64;47 ;97 promote transparency. FMDQ OTC would also promote international best practices, E58x@6E5C7 ;?4EC=;Â?=?9@C=Â? Processing (STP), in clearing 4567 Y>Â&#x152;x>U>5;7 4??45C>U>5;Y7 for OTC products, said the 8=4E?U45<7 EC{9}>7 ECÂ? Imoukhuede.

Lucozade, Ribena buy-out: GSKâ&#x20AC;&#x2122;s operating margin to decline by 4%

G

laxoSmithKline Consumer Nigeria Plc (GSK Nigeria) Monday said the full financial impact of the proposed buyout of its Lucozade and Ribena brands, which will be B=4Y>67 E579V>?7¯¹²7Â?7¯¹²Ă&#x160;<7 is expected to lead to a small decline in its overall long term operating margin by some three to four per cent. This is contained in a statement by the firm to the Nigerian Stock Exchange (NSE). Though, GSK Nigeria said that there is no change to its 2013 financial guidance. According to GSK Nigeria, it will continue to bottle and distribute nutritional drinks, Lucozade and Ribena for Suntory Beverage & Food Ltd (SBF), a Japanese consumer goods company, following the completion of the deal. GSK Nigeria said the two brands accounted for over half of its sales and operating profit in 2012. GSK Nigeria said its sales of these brands grew 26 per cent. This is coming on the heels of the announcement from GlaxoSmithKline that SBF Japan is expected to buy its Lucozade and Ribena brands for 1.35 billion pounds ($2.1 billion) to help it expand into new markets. According to reports, the deal had been expected since people close to the process said last week that @5;9?M7 Â?7 {>Y;7 Â&#x192;59q57 J9?7 {>>?7 4567 4U4ž4Â&#x192;E7 q=EYÂ&#x192;M7 Â?7 q4Y7 E57 46V458>67 ;4xÂ&#x192;Y7 on a purchase that would B?>Â?>UB;7 457 4@8;E957 9J7 ;=>7 British drinks. 7 EY7 4B45Â&#x160;Y7 Y>8956Â? largest drinks maker by sales after the local arm of 984Â?9x4797=4Y7Bx>5;M79J7 cash after raising $4 billion in a stock market flotation in June. It was always seen as the most likely buyer for the brands after GSK announced plans for their disposal in April. Reports further affirmed that the energy and blackcurrant drinks are popular in Britain but from GSKâ&#x20AC;&#x2122;s point of view, lack global reach, especially in the big emerging markets that are becoming the focus of the British drug makerâ&#x20AC;&#x2122;s consumer health business. =>7 6>4x7 EY7 Y;Exx7 Y@{}>8;7 to regulatory approval in Europe and itâ&#x20AC;&#x2122;s expected to be completed by the end of the year.


83

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

NSE Daily Summary (Equities) as at Thursday, 12-09-2013 SYMBOL

OPENING PRICE

HIGH

LOW

CLOSING PRICE

CHANGE (+)

% PRICE CHANGE

TRADES

VOLUME

VALUE

7UP

72.00

72.00

72.00

72.00

0.00

0.00

25

80,141

5,370,291.50

ABBEYBDS

1.65

1.65

1.65

1.65

0.00

0.00

2

1,100

1,639.00

ABCTRANS

0.85

0.86

0.84

0.85

0.00

0.00

19

567,408

481,164.62

ACADEMY

1.90

1.90

1.90

1.90

0.00

0.00

5

51,343

101,220.00

ACCESS

10.40

10.55

10.40

10.40

0.00

0.00

235

36,230,080

380,201,248.00

AFRIPRUD

1.95

1.95

1.95

1.95

0.00

0.00

38

134,611

259,270.41

AFROMEDIA

0.50

0.50

0.50

0.50

0.00

0.00

1

5,720

2,860.00

AGLEVENT

1.55

1.55

1.55

1.55

0.00

0.00

3

24,690

40,518.50

AIICO

0.82

0.84

0.80

0.84

0.02

2.44

81

2,731,181

2,220,655.50

AIRSERVICE

3.35

3.35

3.35

3.35

0.00

0.00

5

25,000

83,419.50

ALEX

10.50

10.50

10.50

10.50

0.00

0.00

1

300

2,835.00

ASHAKACEM

21.00

21.00

21.00

21.00

0.00

0.00

56

603,379

12,362,736.00

ASOSAVINGS

0.50

0.50

0.50

0.50

0.00

0.00

1

59,600

29,800.00

AVONCROWN

1.71

1.71

1.71

1.71

0.00

0.00

2

208

320.32

BERGER

8.70

8.70

8.70

8.70

0.00

0.00

11

14,151

113,330.84

BETAGLAS

11.87

11.87

11.87

11.87

0.00

0.00

2

4,500

53,576.00

BOCGAS

6.50

6.50

6.50

6.50

0.00

0.00

1

200

1,280.00

CADBURY

49.00

49.00

49.00

49.00

0.00

0.00

78

375,110

17,407,346.00

CAP

43.40

43.40

43.40

43.40

0.00

0.00

25

108,779

4,629,865.50

CAPOIL

0.50

0.50

0.50

0.50

0.00

0.00

1

200,000

100,000.00

CCNN

8.62

8.70

8.63

8.63

0.01

0.12

22

619,530

5,371,412.50

CHAMPION

15.99

15.99

15.99

15.99

0.00

0.00

4

14,250

211,150.00

CONOIL

28.80

28.80

28.80

28.80

0.00

0.00

13

4,342

112,746.10

CONTINSURE

1.19

1.20

1.15

1.20

0.01

0.84

13

21,989,419

26,351,454.00

CORNERST

0.50

0.50

0.50

0.50

0.00

0.00

10

454,800

227,530.00

COSTAIN

1.20

1.20

1.12

1.20

0.00

0.00

29

1,131,445

1,297,592.50

COURTVILLE

0.66

0.72

0.69

0.72

0.06

9.09

10

574,678

405,168.28

CUSTODYINS

1.30

1.35

1.30

1.35

0.05

3.85

17

886,219

1,175,697.50

CUTIX

1.95

1.93

1.92

1.93

-0.02

-1.03

7

120,517

232,314.00

DAARCOMM

0.50

0.50

0.50

0.50

0.00

0.00

1

5,000

2,500.00

DANGCEM

191.50

193.00

191.00

193.00

1.50

0.78

44

112,415

21,622,026.00

DANGFLOUR

9.01

9.01

9.01

9.01

0.00

0.00

52

321,667

2,906,695.25

DANGSUGAR

10.40

10.60

10.40

10.40

0.00

0.00

67

1,550,426

16,227,646.00

DIAMONDBNK

6.18

6.20

6.19

6.20

0.02

0.32

102

10,717,320

66,441,440.00

DNMEYER

1.90

1.90

1.90

1.90

0.00

0.00

4

20,000

35,318.80

DUNLOP

0.50

0.50

0.50

0.50

0.00

0.00

1

5,561

2,780.50

ENAMELWA

32.27

32.27

32.27

32.27

0.00

0.00

1

20

581.00

EQUITYASUR

0.50

0.50

0.50

0.50

0.00

0.00

2

2,908

1,454.00

ETERNA

2.73

2.82

2.82

2.82

0.09

3.30

13

196,767

546,832.94

ETI

14.00

13.98

13.89

13.95

-0.05

-0.36

89

1,526,778

21,304,280.00

EVANSMED

3.10

3.10

3.10

3.10

0.00

0.00

6

33,220

106,260.00

FBNH

15.80

15.70

15.20

15.20

-0.60

-3.80

694

12,365,476

191,439,232.00

FCMB

3.99

4.00

3.98

4.00

0.01

0.25

93

9,708,177

38,814,616.00

FIDELITYBK

2.61

2.59

2.54

2.59

-0.02

-0.77

91

3,285,050

8,397,249.00

FIDSON

2.00

1.98

1.91

1.98

-0.02

-1.00

19

580,000

1,131,300.00

FLOURMILL

83.00

83.00

83.00

83.00

0.00

0.00

51

93,767

7,416,975.50

FO

35.70

35.70

35.70

35.70

0.00

0.00

39

148,751

5,376,723.00

FORTISMFB

6.60

6.60

6.60

6.60

0.00

0.00

2

500

3,300.00

GLAXOSMITH

64.00

64.00

64.00

64.00

0.00

0.00

33

107,290

6,827,850.00

GUARANTY

25.10

25.02

24.99

25.00

-0.10

-0.40

354

18,810,267

470,262,592.00

GUINNESS

247.50

249.99

248.00

248.50

1.00

0.40

78

401,082

99,600,744.00

HMARKINS

0.50

0.50

0.50

0.50

0.00

0.00

1

100

50.00

HONYFLOUR

2.85

2.98

2.81

2.89

0.04

1.40

47

1,424,755

4,166,567.00

IHS

3.30

3.63

3.20

3.63

0.33

10.00

62

3,545,742

12,248,087.00

IKEJAHOTEL

0.88

0.88

0.88

0.88

0.00

0.00

11

253,406

207,317.81

INTBREW

20.03

20.04

20.03

20.04

0.01

0.05

31

1,611,000

32,264,738.00

INTENEGINS

0.74

0.73

0.67

0.67

-0.07

-9.46

11

422,000

297,040.00

IPWA

0.90

0.83

0.83

0.83

-0.07

-7.78

2

97,786

81,162.38

JAPAULOIL

0.50

0.50

0.50

0.50

0.00

0.00

18

376,243

188,121.50

JBERGER

74.00

76.95

76.95

76.95

2.95

3.99

25

221,650

16,445,721.00

JOHNHOLT

1.26

1.26

1.26

1.26

0.00

0.00

7

69,381

90,985.41

JOSBREW

6.22

6.84

6.84

6.84

0.62

9.97

17

746,790

5,108,043.50

LEARNAFRCA

1.78

1.78

1.78

1.78

0.00

0.00

4

7,420

12,709.90

LINKASSURE

0.50

0.50

0.50

0.50

0.00

0.00

1

270

135.00

LIVESTOCK

4.00

3.97

3.97

3.97

-0.03

-0.75

24

309,651

1,231,384.50

MANSARD

2.16

2.16

2.16

2.16

0.00

0.00

6

29,500

62,235.00

MAYBAKER

2.02

2.05

2.03

2.04

0.02

0.99

27

755,209

1,549,595.12

MBENEFIT

0.50

0.50

0.50

0.50

0.00

0.00

3

391,000

195,500.00

MOBIL

106.00

106.00

106.00

106.00

0.00

0.00

27

28,441

3,058,037.25

MRS

36.14

36.14

36.14

36.14

0.00

0.00

2

5,138

167,139.14

MULTITREX

0.63

0.57

0.57

0.57

-0.06

-9.52

2

52,000

29,760.00


84

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

IT/TELECOMS

Huawei launches new smartphone the company said in Lagos. B>4ƒE5C74;7E;Y79~8E4x7x4@58=<7 Managing Director, Huawei Consumer Business Group, West Africa, Tony Liang, said the smartphone features a 1.5GHz Friday Ekeoba quad-core processor and a sleek metallic body. Y7 B4?;7 9J7 >”9?;Y7 ;97 He said with its 4.7-inch shore-up its market =EC=7 6>:5E;E957 E58>xx7 6EYBx4M<7 penetration in the industry-leading 5MP frontdomestic economy, facing camera, and outstanding Huawei has launched a new software, the HUAWEI Ascend smartphone, the Huawei Ascend P6 is the embodiment of elegance P6, into the Nigerian market. with an edge. The phone powered by the According to Liang, “The latest Google android 4.2.2 HUAWEI Ascend P6 is a star operating system, is regarded among smartphones with its as the world’s slimmest industry-leading design, highsmartphone measuring 6.18mm, quality camera, and intuitive user

A

interface, Huawei’s proprietary Emotion UI,” “Building on the success of our Ascend P series of fashion smartphones, the HUAWEI Ascend P6 provides unsurpassed technology and a design that is simply stunning.” On the features of the product, the company said, “HUAWEI Ascend P6 is ultra slim at 6.18mm and weighs just about 120g. While it is small enough to slip into the tiniest of pockets or clutch bags, the stylish HUAWEI Ascend P6 is designed to be seen and coveted! It features a 1.5GHz quad-core processor, Android 4.2.2 operating system, ¯±±±U=7 {4Œ>?M<7 »P°E58=7 7 in-cell LCD screen technology, and ‘MagicTouch’ for enhanced screen responsiveness even when wearing gloves. ‹Y7 ;=>7 ½4CY=EB7 YU4?;B=95>7 of the Huawei Ascend P series, the HUAWEI Ascend P6 >U{96E>Y7478@ŒE5C7>6C>76>YEC57 for the fashion conscious. The smartphone’s brushed metallic look with a naturally curved base is both elegant and intuitive. Impossibly beautiful, the Ascend P6 balances fashionable features and user-friendly functions. ‹>?J>8;7 J9?7 ¹Y>x:>YŠ<7 ;=>7

TD proffers solutions for ICT marketing problems

T

e c h n o l o g y Distributions Limited (TD) has partnered with the Original Equipment Manufacturers (OEMs) to address some of the marketing problems experienced by reseller in Enugu State where it opened a branch recently. According to the TD, its desire to push for a positive structure, productivity and profit on information and communications (ICT) products in the nation’s coal city called for the need to collaborate with OEMs in assisting the resellers to

address these challenges facing them. TD’s Managing Director, Mrs. Chioma Chimere, said part of the company’s determination to drive the ICT revolution in Enugu informed its decision to organise a one-day resellers’ forum at which many of the problematic marketing issues in the market were resolved. According to her, the forum was organised with the support from its OEM partners – Microsoft, IBM, Samsung, and Dell where TD has the opportunity of visiting the resellers’ shops alongside the partners.

She explained that the channel as opposed to the grey market was the best assurance for genuine and original products direct from the manufacturers. The TD MD noted that pricing in the channel is more affordable in real terms, short and long run adding that manufacturer’s warranty can only be delivered through the channels. She urged consumers not to be carried away by the apparent cheap pricing of the fake products in the grey market because these products are prone to inexcusable downtimes.

F

shown that while the consumers will want to continue enjoying the freebies coming with promotions, the astronomical increase in the number of these promos is at the same time bringing some challenges of network congestion, drop calls and poor voice quality.” At the forum, communication giant, MTN Nigeria, displayed uncommon humility by apologising to its customers in the state after listening to the plethora of complaints from the subscribers. The interactive session witnessed complaints of duplication of charges, fake promotional messages, instant renewal of some service without permission and drop calls from subscribers. Apart from MTN, Etisalat, Airtel, Glo, other telecoms service providers were also represented at the event. But MTN, which received most of

the HUAWEI Ascend P6 turns even the most novice photographer into a professional, with contrast and colour enhancement, auto scene recognition, object tracing focus, and instant facial beauty support,” said Liang. The HUAWEI Ascend P6 is said to be more intuitive and able to be customised with Huawei’s Emotion UI.

EC outlines plans for telecom single market reform

T

he European Commission has released initial details of the telecom reform package during the week. According to a brief from Digital Agenda Commissioner, Neelie ?9>YŠY7 9~8><7 ;=>7 x>CEYx4;E957 aims to enable a single market for telecom services in the EU, in order to accelerate economic growth, create jobs and restore Europe’s lead in mobile technology. The proposal would see an increase in the EC’s powers to coordinate regulation of the sector, including the right to review national plans for releasing and auctioning spectrum and the power to force national regulators to withdraw rules that violate the complaints, apparently for having EU law. the largest subscribers in the state, The legislation maintains begged some of the subscribers. the existing caps on roaming ;Y7 @Y;9U>?7 >x4;E95Y=EB7 ~8>?<7 prices, including the next Mr. Reginald Kamalu, particularly planned reduction in 2014, apologised for instant renewal of caller and would also require tune subscription without permission incoming calls when roaming from the subscribers. He said MTN had established a in the EU to be free from policy of compensating customers 2014. To stimulate further reductions in roaming prices, who had such complaints. Kamalu urged customers to the EC plans to encourage constantly visit the company’s operators to create EU-wide customer service centre in the state to bundles. This would be helped by plans to introduce a address their grievances. On scam short messages, he said the new cross-border ‘passport’, company had continued to educate to allow operations across the consumers against the antics of EU after the authorisation of just one national regulator. fraudsters. Kamalu said, “MTN cannot stop The EC also wants to see the short messages because they are B?E8>7 9J7 :X>6xE5>7 84xxY7 ;97 generated from the internet. We have other EU countries decline, to always warned our customers to the same level as a domestic beware of scams. long-distance call.

Quality of service: NCC warns telecoms operators on default ollowing the continued poor service quality of some mobile telecommunication providers in the country, the Nigerian Communications Commission recently tasked telecoms operators in not to compromise their quality of service because of sales promotions. According to the Executive Commissioner, NCC’s Stakeholders’ Management, Mr. Okechukwu Itanyi, who gave the advice at the 58th edition of the consumer outreach programme, organised by the commission, consumers of telecoms services deserved value for their money and protection from abuses. Itanyi said consumers also had the right to enjoy the best promotional 9”>?Y7 qE;=9@;7 89UB?9UEYE5C7 ;=>7 quality of service from network operators. He said, “Recent trends have

HUAWEI Ascend P6’s industry-leading 5MP frontfacing camera and auto facialenhancing capabilities create model-gorgeous shots you’ll want to share. Its 8MP rearfacing BSI camera with F2.0 aperture and 4cm macro view also enables 1080P full HD video recording and playback. “With Huawei’s proprietary IMAGESmart software,

The proposal also 895;E5@>Y7 ;=>7 ŠY7 >”9?;Y7 to standardise wholesale broadband access regulation in the EU and introduces new criteria for wholesale regulation, such as the need for all national decisions to promote investment and for market analyses to consider competitive services such as ‘over-the-top’ providers when planning new regulation. In addition, the EC wants a full harmonisation of consumer protection rules, in order to prevent the “endless tailoring” by national regulators. To encourage the quicker release of spectrum, the EC wants common rules for authorising the use of spectrum, and will also promote incentives to encourage market players to release spectrum for mobile broadband. Licences could also be revoked if not used, under the proposal. Operators would also be allowed to share and trade spectrum, as B4?;7 9J7 >”9?;Y7 ;97 >589@?4C>7 infrastructure trading. The legislation also addresses the issue of ‘net neutrality’ via 47{457957{x98ƒE5C79?7;=?9ŒxE5C7 of competing services. In addition, operators would need to be more transparent about the actual broadband speeds provided and end their “misleading advertising”. However, they would still =4V>7 ;=>7 ?EC=;7 ;97 9”>?7 =EC=>?7 or guaranteed speeds at an increased price to customers in need of a premium service.


85

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

PERSONAL FINANCE

WEALTH & WISDOM

Tap into privatisation programmes Money Management with Hauwa Audu auduhauwa@yahoo.com.

P

rivatisation is the transfer of ownership of companies from the public sector to the private sector. In most cases, such transfers are done through the stock exchange, so that every citizen is given an opportunity to buy into such comÂŹpanies. When the government (public sector) and the priÂŹvate sector participate in the production of goods and services, it is called a mixed economic system. In postindependence Nigeria, both the federal and the regional governments wanted an accelerated indusÂŹtrialisation of the economy, so they decided to esÂŹtablish corporations and industrial enterprises with or without private capital. At that time, the legislators were unequivocal in their condemnation of governÂŹmentâ&#x20AC;&#x2122;s involvement in purely commercial and inÂŹdustrial enterprises, which ;=>M7 J>x;7 89@x67 {>7 B?9:;è4{xM7 4567 >~8E>5;xM7 @56>?;4Â&#x192;>57 {M7 the private secÂŹtor. They also advised the government not to go into unfair competition with its citizens, as it was going to hinder the growth and development of private enterprises in Nigeria. The government did not heed this advice, and went

ahead to increase public sector ownership and conÂŹtrol of key sectors of the economy. It took control of the commanding heights of the economy and established many manufacturing and trading activÂŹities. It acquired majority shares in commercial banks, insurance companies, newspapers and oil companies, in direct competition with private enterprises. The Federal Government alone had over 300 enterprises by 1985, with investment of over twentythree billion naira, when the rate of return on investment in the private sector averaged 15 per cent. If government had invested this amount then (not as majority, but as a minority shareholder, and the private sector as the majority shareholder ran ;=>Y>7 >5;>?B?EY>Y7 >~8E>5;xM7 4567 B?9:;4{xMI7 4567 E;7 EY7 compounded to date, it would have been worth more than N753 trillion! The money that the government used in maintaining those enterprises would have been used rather to create the enabling environment for industrialisation. I am sure corruption would not have C9Â&#x152;>57;97;=>7x>V>x7E;7EY7;964MP Government had so much money from oil, and that was

why it was able to go into so many businesses then. At that time of oil boom, government and its citizens became wanton spenders. But when the oil boom disappeared, we were left with overwhelming appetites and 6>YE?>Y<7 q=E8=7 q>?>7 èY4;EY:>67 by all our foreign reserves, because of our inability to rationalise importation even after the oil boom had disappeared in the early 1980s. With the emergence of trade arrears, a growing external debt overhang, and Nigeriaâ&#x20AC;&#x2122;s economic crisis with fall in government ?>V>5@><7 E;7 {>84U>7 6E~8@x;7 for it to support the public enterprises. Privatisation and commercialisation became a way out for government, thus privatisation was launched in July 1986. =>7 >8=5E84x7 9UUEÂ&#x152;>>7 on Privatisation and Commercialisation (TCPC), now the Bureau of PubÂŹlic

Privatisation gives Nigerians the opportunity to partake in such companiesâ&#x20AC;&#x2122;

  VX the companiesâ&#x20AC;&#x2122; shares

Building your wealth to give back to others CEV>7 M9@?7 4Â&#x152;>5;E957 ;97 Y@8=7 4Y7 acquiring wealth, manifests.â&#x20AC;? On the contrast, what you fear most also becomes a reality. A man q=974xq4MY7J>4?Y7C>Â&#x152;E5C7?9{{>67 Chidozie Christian Okoko eventually becomes a robbery victim. =95647 M?5>Y7 E57 =>?7 {99Â&#x192;<7 â&#x20AC;&#x2DC;The Secretâ&#x20AC;&#x2122; asserts that giving is a powerful action to bring more money into your life because rimarily, people think measure that ye mete withal it when you are giving, you are of wealth building as a shall be measured to you again.â&#x20AC;? saying â&#x20AC;&#x153;I have plentyâ&#x20AC;?. It will means of personal gain Also, we have heard the not be surprising to you that the and giving as a means of Scripture in Acts 20:35 say, â&#x20AC;&#x153;â&#x20AC;Ś wealthiest people on the planet gains for others. To achieve an it is more blessed to give than are the greatest philanthropists. appropriate balance between the to receive.â&#x20AC;? If weâ&#x20AC;&#x2122;ve all been Bill Gates, Charles Munger and :5458E4xxM7 Y@88>YYJ@xÂ?7 {>E5C7 47 recipients of services, this should 4??>57 @Â&#x201D;>;7 4?>7 ;=>7 ;=?>>7 GÂłI7 money magnate and the need to empower us to serve others. Why most recognisable faces in the serve others by giving back- we do people who give to others world of philanthropy. According must have a perspective change without expecting anything in to studies made respectively to see both wealth building and return get richer; while those who in the Exerter University and giving as a means of gains for scrimp because they fear a lack Strathcylde University, United others. As we consider wealth, let become poor? The answer is the Kingdom, philanthropists are us remember that we are only here E{x>P74Â&#x152;7²³Ă&#x2039;²¯7Y4MY<7Â&#x2039;9?7;=9Y>7 the big-givers of all background, today by the direct and indirect who have more will be given whether local or international, charity and services of others. and they will have abundance q=97 =4V>7 {>84U>7 89UUEÂ&#x152;>67 ;97 We cannot be givers unless we and for those who have nothing, sharing their wealth. =4V>7{>>57?>8EBE>5;Y7:?Y;P79{>?;7 even what they have will be taken Arguably, the wealthy 9xxE>?7E57=EY7{99Â&#x192;<7šE8=>Y7qE;=E57 away.â&#x20AC;? People who share their are uniquely endowed with 9@?7 >48=Â&#x160;7 4YY>?;Y7 ;=4;7 q=4;7 wealth become wealthier because material resources and cognitive then must you do to win riches of wealth consciousness. And dispositions that enable them, and success? Give and give free of those who are greedy because both as a group and as individual what you have. He cited Luke 6:38 they fear they might be deprived to shape the rules, practices and thus: â&#x20AC;&#x153;Give, and it shall be given of their possession by giving, positions of social structure. unto you; good measure, pressed ultimately loose whatever they Wealth is your servant and you down, and shaken together, and have. This is because what they are a servant to wealth. Money is running over, shall men give unto fear becomes a reality. The law xEÂ&#x152;x>7U9?>7;=45747;99x7;=4;789U>Y7 your bosom. For with the same 9J74Â&#x152;?48;E957Y4MY7;=4;7Â&#x2039;q=4;7M9@7 with a responsibility to use it

P

with

Enterprises (BPE), with Lanre Oyetade the support of the NSE 08039428648(SMS only) is responsible for the lanre.oyetade@mydailynewswatchng.com privatisation of so many of â&#x20AC;&#x201D;Dante such public companies. Many of the companies privaÂŹtised through the Nigerian Stock Exchange are doÂŹing very well. Their performances have improved, as well as that of the For age and want, save while you may; no morning sun lasts a whole day. economy. Post-privatisation â&#x20AC;&#x201C;Benjamin Franklin (1758) assessment has shown that have received inspiration for many of my write-ups from most of the shareholdÂŹers of several of my mentors. And one of such mentors is the privatised companies realise highly erudite and successful Managing Director of Amyn their investments within three M>4?Y<7 4Y7 ;=>7 B?9:;4{ExE;M7 Investments Limited, Ms. Hauwa Audu, who actually formed of these comÂŹpanies the inspiration for this current piece. increased dramatically after Genesis chapter 41 of the Holy Book relates the story of Pharaohâ&#x20AC;&#x2122;s privatisation. dream concerning the economy of his land, Egypt. While we are Privatisation gives Nigerians probably well acquainted with the story, it is instructive to point the opportunity to partake in out certain things that pertain to the inevitability of â&#x20AC;&#x2DC;leanâ&#x20AC;&#x2122; years Y@8=7 89UB45E>YÂ&#x160;7 B?9:;Y7 {M7 and the wisdom in saving during our â&#x20AC;&#x2DC;fatâ&#x20AC;&#x2122; years. buying the companiesâ&#x20AC;&#x2122; shares. Just for reminders, the story tells of how Pharaoh, king of Egypt, That way, the companies dreamt about how seven lean cows devoured seven fat ones are not left at the mercy of the merciless few who without showing any sign of having eaten. He equally dreamt of only consume and wreck seven thin heads of grain devouring seven fat and healthy heads. such companies, without actually making any positive The dreams interpreted By divine insight, Joseph was able to make sense of the dream contributions to them. Take the example of when to mean seven â&#x20AC;&#x2DC;leanâ&#x20AC;&#x2122; years of famine coming after seven years of National Oil was privaÂŹtised, national plenty. He also advised Pharaoh to save and store 20 per its shares were sold at less cent of Egyptâ&#x20AC;&#x2122;s plenty in the fat years, and use same up during the than N14 per share in 2002. imminent years of famine. By 2004, the shares of this For the ability to interpret Pharaohâ&#x20AC;&#x2122;s dream and advocate a same company had risen to solution to the looming problem, 30-year-old Joseph was made over N150! Assuming you had prime minister and placed in charge of Egyptâ&#x20AC;&#x2122;s national treasury. bought 10,000 units of shares at N140,000 in 2002, and you sold it at N150 in 2004, that So what are the lessons we can derive from this episode? First, Egypt saved 20 per cent and nothing less of its national means you sold it for N1.5m, 4567U46>747B?9:;79J79V>?795>7 income in the years of plenty, so nothing less than 20 per cent of million naira! If National Oil your current income will do as savings to take care of the possible were still government owned lean years of the future. Saving 20 per cent of your earnings will you would not have had such CEV>747J@xx7M>4?Â&#x160;Y7Y4x4?M79J7Y4VE5CY7E57:V>7M>4?YP77=EY7Y=9@x6759;7 an opportunity of becomÂŹing a {>7EUB9YYE{x>P774;8=7;=>745;<79V>?7Ă&#x160;Âą7B>?8>5;79J7E;Y7>Â&#x201D;9?;7EY7Y4V>67 millionaire. as is obvious from the huge pieces of food much bigger than itself Hauwa Audu is an that it carries into its shelter. Second, it is apparent that the idea of saving from income investment expert, CEO of Armyn Investments Limited was novel to Egypt, which must always have had plenty, since and author of the book, Pharaoh was so impressed by the idea that he made its proponent, â&#x20AC;&#x2DC;Can Every Nigerian be a Joseph, his lieutenant, thus indicating that it is never too late to millioniareâ&#x20AC;&#x2122;? start. After all, Egypt started late, yet became a World Power through diligent savings. Third, the lean cows in Pharaohâ&#x20AC;&#x2122;s dream had been so â&#x20AC;&#x2DC;ugly and gauntâ&#x20AC;&#x2122; to the extent that their type â&#x20AC;&#x2DC;had never been seen in the wisely. The rich man is a fool land of Egypt.â&#x20AC;&#x2122; This shows the type of severity that â&#x20AC;&#x2DC;leanâ&#x20AC;&#x2122; years, who dies without arranging his which are often inevitable, and not necessarily due to oneâ&#x20AC;&#x2122;s fault, 4Â&#x201D;4E?Y7;974YY@?>7;=4;7;=>7q>4x;=7 can take. These â&#x20AC;&#x2DC;leanâ&#x20AC;&#x2122; years may come through many channels, does well during his lifetime including temporary job loss, illness or incapacitation, and general and after his passing away. >8959UE8769q5;@?5<74U95C79;=>?YP775xM76>x4M>67C?4;E:84;E957E57 Through your legacy of wealth, you have the opportunity to the form of savings will take care of issues in such a period. Fourth, the lean cows had devoured the seven fat cows without bless not only yourself, your family and the future, but you showing any improvement in their stature. This indicates that the can expand the circle to include â&#x20AC;&#x2DC;leanâ&#x20AC;&#x2122; years have the capacity to â&#x20AC;&#x2DC;swallowâ&#x20AC;&#x2122; entire savings made during the â&#x20AC;&#x2DC;fatâ&#x20AC;&#x2122; years, and still not yield. Hence, the need to invest the lives of all who follow you. As a successful wealth builder, and multiply current savings, such that it would more than take you will be in the unique position care of the â&#x20AC;&#x2DC;leanâ&#x20AC;&#x2122; years. to organise charities that can do Fifth, some other countries, including Israel - Godâ&#x20AC;&#x2122;s own people great social good. The fact that - had journeyed to Egypt for food, and subsequently became you cannot take it with you Egyptâ&#x20AC;&#x2122;s slaves for over four hundred years, simply because they means that wealth is a gift to be given. Always understand that had not been wise enough to save in their years of plenty. The wealth is not something you 9xM799Â&#x192;7YB>8E:84xxM7Y4MY7;=4;7;=>7{9??9q>?7EY7Yx4V>7;97;=>7x>56>?P Finally, lean years are inevitable, even for Godâ&#x20AC;&#x2122;s own people, B9YY>YY<7 {@;7 E;7 EY7 47 ½9q7 q=E8=7 has found a temporary packing and I believe that they are natureâ&#x20AC;&#x2122;s way of testing and proving human wisdom. Even countries and the entire world economy place under your stewardship. Eventually, this steward will experience â&#x20AC;&#x2DC;leanâ&#x20AC;&#x2122; years through economic depression and such. move to others as all things must So it was the 20 per cent Egypt saved while other nations pass-including you. The wealth were devouring all they made that made it a World Power and builders solemn responsibility colonialist of its time. And that is equally applicable to personal is to use this temporary gifted U95>M7U454C>U>5;74Â&#x201D;4E?YP power wisely so that it creates 4VE5C7EY7597U9?>7;=4576>x4M>67C?4;E:84;E95Ă&#x2039;7B@Â&#x152;E5C7Y9U>;=E5C7 U4XEU@U7 {>5>:;7 J9?7 4xx7 ;=9Y>7 who are touched by what you aside from current earnings for use in the future. Even if none of the causes of lean periods outlined above happens to you, have created in your lifetime. what about the inevitable, inescapable old age period when you Courtesy: Chidozie Christian qExx759;7{>74{x>7;97B@;7E57;=>74U9@5;79J7Y>?VE8>7M9@74?>7B@Â&#x152;E5C7 O., co-author of the book, in now? Are you currently investing in your education, in the Financial Tutorial: First Aid stock market, in properties, in the money market, and in building Treatment to Money Problems. enterprises? Contacts: 08069734699, Think about it! Chidochrisozonegold@yahoo. Until next Sunday, please stay inspired in His presence. com.

Six lessons from the 20% Egypt saved

I


86

SUNDAY NEWSWATCH, SEPTEMBER 15, 2013

GLOBAL BUSINESS BMW recognised as climate-change champion

Hacker accesses 2 million Vodafone customersâ&#x20AC;&#x2122; banking data L William Anaebonam

A

n intruder hacked into a Vodafone Group Plc (VOD) server in Germany, gaining access to 2 million customersâ&#x20AC;&#x2122; personal details and banking information. According to Bloomberg, person with insider knowledge stole data including names, addresses,

birth dates, and bank account information, the worldâ&#x20AC;&#x2122;s secondbiggest mobile-phone carrier said in a statement. The hacker had no access to credit-card information, passwords, PIN numbers or mobilephone numbers, Vodafone said. =>7 4Â&#x152;48Â&#x192;7 q4Y7 6>;>8;>67 {M7 Vodafone at the beginning of September, stopped and reported to the police, Kuzey Esener, a Vodafone spokesman, said. Clients can check on Vodafoneâ&#x20AC;&#x2122;s German q>{YE;>7 ;97 Y>>7 EJ7 ;=>M7 4?>7 4Â&#x201D;>8;>6<7 and will also be informed by mail, he said. While the data stolen does not allow criminals to access bank accounts, Vodafone will warn

clients of the possibility of so-called B=EY=E5C74Â&#x152;48Â&#x192;Y<7=>7Y4E6P Vodafone, based in Newbury, 5Cx456<7 EY7 ;=>7 x4;>Y;7 =EC=Â?B?9:x>7 company to announce a security breach. Last month, there were =48Â&#x192;>?7 4Â&#x152;48Â&#x192;Y7 957 99Cx>7 58P7 G  I<7 qEÂ&#x152;>?7 58P7 4567 ;=>7 New York Times. KT Corp., South Koreaâ&#x20AC;&#x2122;s largest phone and Internet company, fell the most in seven months in July last year after saying customer data were leaked by hackers. Vodafone shares fell 0.8 per cent to 208.40 pence at 10:40 a.m. in London, giving the company a market value of 101 billion pounds ($158 billion).

Vodafone said the incident only 4Â&#x201D;>8;Y78xE>5;Y7E57 >?U45MP7@;=9?E;E>Y7 =4V>7E6>5;E:>6747Y@YB>8;<7Y>5>?7Y4E6P7 He didnâ&#x20AC;&#x2122;t say whether the suspect was an employee or an outsider. Germany contributes more to 964J95>Â&#x160;Y7 ?>V>5@>7 4567 B?9:;7 ;=457 any other country. It accounted for about 18 per cent of sales in the :Y84x7 M>4?7 >56>67 4?8=7 ³²P7 =>7 company is trying to conclude a 7.7 billion-euro ($10.2 billion) takeover of Kabel Deutschland Holding AG, Germanyâ&#x20AC;&#x2122;s biggest cable company, to expand in the country and increase customer loyalty with packages combining phone, Internet and TV services.

Europe gains investorsâ&#x20AC;&#x2122; confidence in global poll

I

nternational investors are expressing renewed faith in the European economy, underpinning a mounting Y>5Y>79J7895:6>58>7E57;=>79@;x99Â&#x192;7J9?7 industrial nations, according to the latest Bloomberg Global Poll. Forty per cent of the responding investors, analysts and traders who are Bloomberg subscribers said the euro-area economy is improving more than four ;EU>Y7 ;=>7 5@U{>?7 E57 4M7 4567 47 YEC54x7 ;=>7?>CE95Â&#x160;Y7Âł7ĂŠÂ?M>4?76>{;78?EYEY7EY7>56E5CP7 With sentiment also rising in the U.S. and Japan, 40 per cent said the world economy is strengthening, the most since January 2011. =>7 {@xxEY=5>YY7 :V>7 M>4?Y7 YE58>7 ;=>7 collapse of Lehman Brothers Holdings Inc. is supporting a taste for risk as 52 per 8>5;7 45;E8EB4;>7 Y;98Â&#x192;Y7 qExx7 9Â&#x201D;>?7 ;=>7 {>Y;7 ?>;@?57 9V>?7 ;=>7 5>X;7 M>4?P7 >½>8;E5C7 47 shift in mood, the prospects of a Chinese Yx9q69q574567PP7:Y84x7:C=;76EYBx48>67 Europeâ&#x20AC;&#x2122;s woes as the biggest global economic threats. â&#x20AC;&#x153;A period of a surprising broad recovery seems to be under way,â&#x20AC;? Andreas Domke, a poll participant and portfolio manager at Allianz Global Investors Europe GmbH in Frankfurt, said in an e-mail. The euro areaâ&#x20AC;&#x2122;s resurgence appears under way just weeks since it emerged from its deepest-ever recession and after the single currencyâ&#x20AC;&#x2122;s very existence was thrown into doubt as cash-strapped governments from Greece to Spain tapped bailouts. Best Opportunities =>7x4?C>?7@?9B>4575E95759q79Â&#x201D;>?Y7 one of the best investment opportunities J9?7³7B>?78>5;79J7;=9Y>7B9xx>6<7@B7J?9U7²´7 B>?78>5;7E574M74567;=>7U9Y;7YE58>7;=4;7 Âľ@>Y;E957q4Y7:?Y;74YÂ&#x192;>67E578;9{>?7¯¹¹ºP7 5xM7 ²´7 B>?7 8>5;7 Y4E67 ;=>7 7 9Â&#x201D;>?Y7 ;=>7 worst prospects, an improvement from 45 B>?78>5;7E574MP The Euro Stoxx 50 Index will be higher YEX7 U95;=Y7 J?9U7 59q7 E57 ;=>7 VE>q7 9J7 Ă&#x160;Âł7 B>?78>5;79J7B9xx7B4?;E8EB45;Y<7;=>7:?Y;7;EU>7 a majority favoured the market since the Y;4?;79J7;=>7B9xx7E57 @xM7¯¹¹ºP7 @Y;7²°7B>?78>5;7 said Europeâ&#x20AC;&#x2122;s troubles pose the greatest risk to the global economy, compared to a third four months ago. The risk of default is on the slide with about three-quarters saying Spain and Italy will avoid bankruptcy. Almost a third said Greece will dodge that fate too, the most optimistic since the question was :?Y;7 4YÂ&#x192;>67 E57 @5>7 ¯¹²¹P7 ;Exx<7 Ă&#x160;Âť7 B>?8>5;7 said Greeceâ&#x20AC;&#x2122;s position in the euro area will be weaker once Germanyâ&#x20AC;&#x2122;s elections pass this month. â&#x20AC;&#x153;Structurally, the issues that faced the euro and the design of monetary union are being addressed,â&#x20AC;? said Peter Kinsella, senior foreign exchange strategist at

European Central Bank building Commerzbank AG in London, and a survey respondent. â&#x20AC;&#x153;The acid test is whether all of these changes will lead to job C?9q;=<7q=E8=7EY7q=4;7?>4xxM7U4Â&#x152;>?YPÂ&#x2021; Investor Haven The euro has become a haven for E5V>Y;9?Y<7 46V458E5C7 4xU9Y;7 :V>7 B>?7 8>5;7 this year against nine developed nationsâ&#x20AC;&#x2122; currencies to be the best performer on the Bloomberg Correlation-Weighted Index. 5747YEC57;=4;7895:6>58>7=4Y7Y;Exx7;97J@xxM7 return in Europe, just 12 per cent of poll respondents plan to buy euros and only nine per cent said they intend to purchase more of the regionâ&#x20AC;&#x2122;s government debt. The U.S. main