Catalogo myers en español

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t TBMFT!NZFSTUJSFTVQQMZ DPN

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*OGMBEPSFT EF /FVNร UJDPT

t 1ara infl BEP Z desinfl BEP t $PO NFEJEPS EF QSFTJร O UJQP SFMPK

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1FTP MCT LH

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t 6UJMJDF DPO BNPMBEPSB EF DBCF[B BOHVMBS EF BMUB WFMPDJEBE OÞNFSP EF PSEFO 7FB QÈHJOB /P 0SEFO 4FF QBHF

t .ÈYJNB UPSTJØO QJFT MJCSBT 31.

.VZ BEFDVBEB QBSB SFQBSBDJPOFT EF NPUPSFT QFRVF×PT TFSWJDJPT EF MÈNQBSBT P USBCBKP EF CBODP "QSJFUB MPT QFSOPT EPT WFDFT NÈT SÈQJEP RVF IBDJÏOEPMP NBOVBMNFOUF &TQFDJGJDBDJPOFT &KF EF DBCF[B DVBESBEB EF c SBOHP EF UPSRVF EF QJFT MJCSBT 5PSRVF NÈYJNP QJFT MJCSBT DPOTVNP QSPNFEJP EF BJSF DGN SQN UBNB×P NÓOJNP EF MB NBOHVFSB c SPTDB IFNCSB EF *EFBM QBSB SFNPWFS SÈQJEBNFOUF BSBOEFMBT HBTUBEBT FO CMPRVFT EF NPUPSFT DVCJFSUBT EF WÈMWVMB NPOUBKFT EF CPNCBT EF BHVB Z DBKBT EF USBOTNJTJØO &M BEBQUBEPS DPO VO FKF EF TF BEBQUB B MB BNPMBEPSB BOHVMBS EF BMUB WFMPDJEBE -BT BMNPIBEJMMBT Z MPT EJTDPT TF NPOUBO FO VOB CBTF RVF TF BTFHVSB B VO BEBQUBEPS 3PMPDL 4JNQMFNFOUF HJSF QBSB BTFHVSBS P SFNPWFS EFM BEBQUBEPS /P 0SEFO /P 'BC %FTDSJQDJØO 6OJUT 1FS #PY "MNPIBEJMMBT "DPOEJDJPOBEPSBT «TQFSBT EF "MNPIBEJMMBT "DPOEJDJPOBEPSBT .FEJBOBT EF "MNPIBEJMMBT "DPOEJDJPOBEPSBT «TQFSBT EF "MNPIBEJMMBT "DPOEJDJPOBEPSBT .FEJBOBT EF 30 %JTDPT "CSBTJWPT EF 30 %JTDPT "CSBTJWPT EF 30 %JTDPT "CSBTJWPT EF 30 %JTDPT "CSBTJWPT EF "EBQUBEPS 3PMPDL EF "EBQUBEPS 3PMPDL EF 1BSB VTP DPO "NPMBEPSB EF $BCF[B "OHVMBS EF "MUB 7FMPDJEBE /ÞNFSP EF 0SEFO QÈHJOB

/P 0SEFO /P 'BC *3 -

1FTP MCT LH

.BUSBDB /FVNÈUJDB 3BUDIFU EF 91" *3 t 5PSRVF NÈYJNP EF QJFT MJCSBT 31.

&YDFMFOUF QBSB SBEJBEPSFT CPNCBT EF BHVB Z DVBMRVJFS USBCBKP FO ÈSFBT EFUFSNJOBEBT (BUJMMP DPO SFHVMBEPS EF WFMPDJEBE WBSJBCMF &TQFDJGJDBDJPOFT &KF EF DBCF[B DVBESBEB EF c SBOHP EF UPSRVF EF QJFT MJCSBT 7FMPDJEBE MJCSF SQN DPOTVNP QSPNFEJP EF BJSF DGN UBNB×P NÓOJNP EF MB NBOHVFSB c FOUSBEB EF BJSF EF UBNB×P FTUÈOEBS EFM QFSOP EF c Z MPOHJUVE EF /P 0SEFO /P 'BC *3 91"

$PSUBEPS EF "MUB 7FMPDJEBE $1

%FTDSJQDJØO .BUSBDB /FVNÈUJDB

%FTDSJQDJØO .BUSBDB /FVNÈUJDB 3BUDIFU EF 4FSWJDJP 1FTBEP DPO &KF EF

1FTP MCT LH

.BUSBDB /FVNÈUJDB EF 4FSWJDJP 1FTBEP 3BUDIFU EF $1 t 5PSRVF NÈYJNP B NBOP QJFT MJCSBT 31.

$PSUB IPKBT EF NFUBM GJCSB EF WJESJP NPSEB[BT EF NPGMF TFSDIBT P HBODIPT Z QFSOPT 7FMPDJEBE WBSJBCMF HBUJMMP UJQP QBMBODB &TQFDJGJDBDJPOFT .PUPS EF IQ WFMPDJEBE MJCSF EF SQN DPOTVNP QSPNFEJP EF BJSF DGN FOUSBEB EF BJSF UBNB×P NÓOJNP EF MB NBOHVFSB FTDBQF USBTFSP /P 0SEFO /P 'BC $1

%FTDSJQDJØO $PSUBEPS EF "MUB 7FMPDJEBE 1BRVFUF EF 3VFEBT EF 3FFNQMB[P P 3FQVFTUP

1FTP MCT LH

6UJMJ[BEB QBSB USBCBKPT FO NPUPSFT QFRVF×PT TJTUFNBT EF FTDBQF CPNCBT EF BHVB CPNCBT EF HBTPMJOB SBEJBEPSFT Z NÈT 5JFOF VO EJTF×P EF DBCF[B QBUFOUBEP QBSB NÈT MBSHB EVSBDJØO Z VO HBUJMMP SFHVMBEPS QBSB DPOUSPM EF MB WFMPDJEBE QSFDJTB &TQFDJGJDBDJPOFT &KF EF DBCF[B DVBESBEB EF c SBOHP EF UPSRVF EF QJFT MJCSBT 5PSRVF NÈYJNP B NBOP QJFT MJCSBT WFMPDJEBE MJCSF EF SQN UBNB×P NÓOJNP EF MB NBOHVFSB c FOUSBEB EF BJSF DPOTVNP QSPNFEJP EF BJSF DGN UBNB×P FTUÈOEBS EFM QFSOP EF c Z MPOHJUVE EF /P 0SEFO /P 'BC $1

.BUSBDB /FVNÈUJDB 4JMFODJPTB 3BUDIFU EF 4FSWJDJP 1FTBEP 2 $1

%FTDSJQDJØO .BUSBDB /FVNÈUJDB 3BUDIFU EF 4FSWJDJP 1FTBEP DPO &KF EF

1FTP MCT LH

5SJORVFUF DPO $BCF[B EF .BSUJMMP *3 EF P T

t )BTUB QJFT EF UPSRVF t 1FTP MJWJBOP Z CBMBODFBEP EJTF×BEP QBSB VTP DØNPEP

t $BCF[B DPO VOB BMUVSB NFOPS B QBSB PQFSBS FO FTQBDJPT FTUSFDIPT t 31.

-B DBCF[B EF MB NBUSBDB OP TF FYUJFOEF MP RVF JODSFNFOUB MB EVSBCJMJEBE Z FYUJFOEF MB WJEB ÞUJM EF MB IFSSBNJFOUB &TQFDJGJDBDJPOFT &KF EF DBCF[B DVBESBEB EF c SBOHP EF UPSRVF EF QJFT MJCSBT WFMPDJEBE MJCSF SQN UBNB×P NÓOJNP EF MB NBOHVFSB c FOUSBEB EF BJSF EF DPOTVNP QSPNFEJP EF BJSF DGN UBNB×P FTUÈOEBS EFM QFSOP c MPOHJUVE EF /P 0SEFO /P 'BC $1 2

%FTDSJQDJØO .BUSBDB /FVNÈUJDB 4JMFODJPTB 3BUDIFU EF

1FTP MCT LH

&TQFDJGJDBDJPOFT -BT NJTNBT QBSB Z 5PSRVF SFWFSTP NÈYJNP QJFT MJCSBT SBOHP EF UPSRVF QJFT MJCSBT JNQBDUPT QPS NJOVUP DPOTVNP QSPNFEJP EF BJSF DGN E#" WFMPDJEBE MJCSF NÈYJNB SQN FOUSBEB EF BJSF SPTDB IFNCSB UBNB×P NÓOJNP EF MB NBOHVFSB c MPOHJUVE /P 0SEFO

/P 'BCS ."9 ."9

%FTDSJQDJØO .BUSBDB /FVNÈUJDB ½ .BUSBDB /FVNÈUJDB

1FTP MCT LH MCT LH

"JS 3BUDIFU 4QFDJGJDBUJPOT /P 'BC $1 2 $1 *3 - *3 91" .BY .BY

%SJWF ½

3BOHP %F 5PSRVF GU MCT GU MCT GU MCT GU MCT GU MCT GU MCT

7FMPDJEBE -JCSF 31. 31. 31. 31.

$POTVNP EF "JSF 1SPNFEJP DGN DGN DGN DGN DGN DGN

NZFSTUJSFTVQQMZ DPN

5BNB×P EF &OUSBEB EF "JSF

5BNB×P .ÓOJNP %F MB .BOHVFSB *% *% *% *% *% *%


)FSSBNJFOUBT EF 5PSRVF EF 3VFEBT #BSSB EF 5PSRVF 5PSRVF .BTUFS EF DPO %BEP *ODPSQPSBEP

&YUFOTJPOFT EF *NQVMTPS EF #BSSB EF 5PSRVF EF

t /P OFDFTJUB DBMJCSBDJØO P NBOUFOJNJFOUP /P QBSUFT QBSB BSNBS

t %JTF×BEP QBSB VTBS DPO QJTUPMBT EF JNQBDUP EF t $BKB NPMEFBEB B MB NFEJEB QBSB HVBSEBS MBT CBSSBT t *ODMVZF VO DVBESP DPEJGJDBEP QPS DPMP FT

%JTF×BEPT QBSB VTBSTF DPO DVCPT FYUSB EFMHBEPT EF 1FSNJUF VUJMJ[BS MBT FYUFOTJPOFT EF UPSRVF FO SVFEBT EF BMFBDJØO DPO FTQBDJP SFEVDJEP FOUSF FM SJO Z MB UVFSDB /P VUJMJDF MBT FYUFOTJPOFT EF UPSRVF QBSB RVJUBS MBT SVFEBT ,JU JODMVZF UBNB×PT EF UPSRVF EFTDSJUPT BCBKP FO VOB DBKB EF QMÈTUJDP QBSB HVBSEBSTF DPO VO HSÈGJDP EF DØEJHPT EF UPSRVF /P 0SEFO %FTDSJQDJØO &YUFOTJPOFT EF *NQVMTPS EF #BSSB EF 5PSRVF EF ½ EF 1JF[BT #BSSBT EF 5PSRVF *OEJWJEVBMFT /P /JWFM EF 0SEFO 3FG $PMPS 5PSRVF 1JFT ' "NBSJMMP MCT & "[VM MCT $ (SJT MCT * #MBODP MCT

/P 0SEFO

3FG 2 4 #

1FTP MCT LH

/JWFM EF 5PSRVF 1JFT MCT MCT MCT

$PMPS "RVB $FMFTUF "OBSBOKBEP

/P JODMVJEPT FO ,JU

$PO DØEJHPT EF DPMPS QBSB GÈDJM JEFOUJGJDBDJØO

"QSFUBS MBT UVFSDBT EF MBT SVFEBT DPO FM UPSRVF DPSSFDUP EFTEF MB QSJNFSB WF[ Z DBEB WF[ RVF TF VUJMJDF &WJUF RVF TF FYDFEB FM UPSRVF P TPCSFBQSJFUF MBT UVFSDBT ÁOJDBNFOUF QPOHB FM DVCP BQSPQJBEP B TV QJTUPMB EF JNQBDUP EF Z BQSJFUF MBT UVFSDBT FO MB TFDVFODJB DPSSFDUB $VBOEP TF MPHSB FM UPSRVF BQSPQJBEP DVBMRVJFS FYDFEFOUF EF UPSRVF TFSÈ BCTPSCJEP QPS MB CBSSB EF UPSRVF /P VTF MB CBSSB EF UPSRVF QBSB RVJUBS MBT SVFEBT /P 0SEFO %FTDSJQDJØO ,JU EF 5PSRVFT EF QJF[BT *ODMVJEP FO FM +VFHP EF QJF[BT /P 0SEFO 3FG $PMPS ) 7FSEF .VTHP ( 3PKP ' "NBSJMMP & "[VM $ (SJT " $BGÏ .BSSØO

% /FHSP # "OBSBOKBEP * #MBODP 2 "RVB

t -PHSF FM UPSRVF RVF MPT GBCSJDBOUFT SFDPNJFOEBO DBEB WF[ RVF VUJMJ[B VOB QJTUPMB EF JNQBDUP t 1SFWÏ MB QFSEJEB EF MBT QBSUFT Z FM EB×P B MBT SVFEBT UPSOJMMPT Z UVFSDBT

1FTP MCT LH

%BEP NN NN ¾ NN ¾ NN ¾ NN NN NN

*OEJWJEVBM 5PSRVF #BS 4PDLFUT /P 0SEFO 3FG $PMPS %BEP 66 .PSBEP 0TDVSP 7JPMFUB NN , .PSBEP NN // 0SP ¾ NN 00 7FSEF /FØO ## 5VSRVFTB NN ; $SFNB : "[VM .BSJOP 5 7FSEF /FØO + $BOFMB 7FSEF 7 $JSVFMB 99 7BJOJMMB $$ 3PTB $MBSP NN 4 $FMFTUF NN ,, (SJT $VBS[P NN ++ "NBSJMMP NN '' (SJT "NBSJMMFOUP NN %% $FMFTUF NN 44 5SBOTQBSFOUF #SJMMBOUF NN "" 7FSEF /FØO NN && .PSBEP $MBSP NN -'VDTJB NN (( $BOFMB 0TDVSP )) "OBSBOKBEP $MBSP 22 4BMNØO NN &TUBOUFSÓB .FUÈMJDB 0QDJPOBM %F "MNBDFOBKF (SÈGJDP EF 5PSRVFT DPO 3FDVCSJNJFOUP 1MÈTUJDP

&YUFOTJPOFT EF #BSSB EF 5PSRVF EF Z QBSB 3VFEBT EF $BNJØO

/JWFM EF 5PSRVF 1JFT MJCSBT /JWFM EF 5PSRVF 1JFT MJCSBT

-BT FYUFOTJPOFT EF CBSSB EF 5PSRVF TPO GBCSJDBEBT DPO VOB UFSNJOBDJØO DVBESBEB EF B Z VO SFUFOFEPS EF EBEP QBSB VUJMJ[BSTF DPO DVBMRVJFS EBEP 'ÈDJM EF VTBS 1POHB MB CBSSB EF UPSRVF Z FM DVCP BQSPQJBEP B TV QJTUPMB EF JNQBDUP Z BQSJFUF MBT UVFSDBT FO MB TFDVFODJB BQSPQJBEB $VBOEP FM UPSRVF BQSPQJBEP TF MPHSB DVBMRVJFS FYDFTP TFSÈ BCTPSCJEP QPS MB #BSSB EF 5PSRVF /P VUJMJDF MB CBSSB QBSB RVJUBS SVFEBT /P 0SEFO

3FGFS 0 5 / 3 2 6

.BDIP )FNCSB &KF EF ¾ &KF EF &KF EF ¾ &KF EF &KF EF &KF EF ¾

/JWFM EF 5PSRVF QJFT MJCSBT QJFT MJCSBT QJFT MJCSBT QJFT MJCSBT QJFT MJCSBT QJFT MJCSBT

/P 0SEFO

3FGFS 4 # . 1 : 8

.BDIP )FNCSB &KF EF &KF EF &KF EF ¾ &KF EF &KF EF &KF EF

/JWFM EF 5PSRVF QJFT MJCSBT QJFT MJCSBT QJFT MJCSBT QJFT MJCSBT QJFT MJCSBT QJFT MJCSBT

4FU EF #BSSB EF 5PSRVF EF "$$65032 t 3FEVDF FO VO FM UJFNQP BQSPQJBEP EF JOTUBMBDJØO EF MBT SVFEBT t %BEPT JODPSQPSBEPT B MBT CBSSBT

'BCSJDBEPT DPO BDFSP EF PSJHFO 4VFDP TPNFUJEPT B VO USBUBNJFOUP EF DBMPS QBSB NBZPS EVSBCJMJEBE /JOHÞO SJFTHP EF EB×P QPS DBÓEB P SFCPUF 1SFDBVDJØO 1BSB VTP DPO QJTUPMB EF BJSF EF DPO B MJCSBT EF TBMJEB Z MÓOFB EF QSFTJØO EF BJSF EF B QTJ /VODB VUJMJDF VO EBEP EF UPSRVF QBSB SFNPWFS MPT CJSMPT EF MBT UVFSDBT (BSBOUÓB EF QPS WJEB /P JODMVZF MB QJOUVSB /P 0SEFO %FTDSJQDJØO 4FU EF #BSSB EF 5PSRVF EF "$$65032 #BTUPOFT *OEJWJEVBMFT EF 3FQVFTUP P 3FFNQMB[P )FYBHPOBM EF QJFT MJCSBT 3PKP NN )FYBHPOBM EF QJFT MJCSBT $BGÏ .BSSØO

½ )FYBHPOBM EF QJFT MJCSBT /FHSP $VBESBEP EF QJFT MJCSBT "NBSJMMP

t TBMFT!NZFSTUJSFTVQQMZ DPN

1FTP MCT LH MCT LH MCT LH MCT LH MCT LH


)FSSBNJFOUBT EF 5PSRVF -MBWF EF 5PSRVF %JHJUBM EF

-MBWF EF 5PSRVF QBSB 4FSWJDJP 1FTBEP EF

t 1PTFF EJGFSFOUFT BKVTUFT QSFFTUBCMFDJEPT EF UPSRVF EF Z QJFT MJCSBT t &NJUF VOB TF×BM TPOPSB DVBOEP TF FYDFEF FM UPSRVF

6OB MMBWF BTFHVSB MPT UPSRVFT QSFFTUBCMFDJEPT Z QPTUFSJPSNFOUF TF EFCF RVJUBS FM TFHVSP QBSB DBNCJBS B OVFWPT BKVTUFT EF UPSRVF 6OB TF×BM TPOPSB Z VOB MV[ WFSEF JOEJDBO VO UPSRVF DPSSFDUP 6OB MV[ BNBSJMMB Z VOB TF×BM TPOPSB BMFSUBO BM UÏDOJDP TPCSF FYDFTP EF UPSRVF &YBDUJUVE EF MFDUVSB EF 5FNQFSBUVSB EF PQFSBDJØO EF ¡ B ¡ ' 4VT EPT CBUFSÓBT EF MJUJP $3 CSJOEBO IPSBT EF VTP DPOUJOVP 6OB MV[ -&% RVF EFTUFMMB JOEJDB MB CBUFSÓB CBKB 4F BQBHB BVUPNÈUJDBNFOUF EFTQVÏT EF RVF OP TF BQMJDB UPSRVF MVFHP EF EPT NJOVUPT /P 0SEFO %FTDSJQDJØO -MBWF EF 5PSRVF %JHJUBM EF ½

1FTP MCT LH

-MBWF EF TFSWJDJP EF UPSRVF QBSB FRVJQP FYUSB QFTBEP EF EJTF×BEB QBSB MPT UBMMFSFT EF OFVNÈUJDPT %F QJFT MJCSBT UJQP NJDSØNFUSP B×P EF HBSBOUÓB QPS EFGFDUPT FO NBUFSJBMFT Z NBOP EF PCSB

-MBWF EF 5PSRVF 6OJEJSFDDJPOBM QBSB &RVJQP 1FTBEP

/P 0SEFO %FTDSJQDJØO -MBWF EF 5PSRVF EF ½ DPO &YUFOTJØO &YUFOTJØO EF 3FQVFTUP EF &KF EF ½

t 3BOHP EF BKVTUF EF QJFT MJCSBT

$VCSF FM SBOHP UPUBM EF FTQFDJGJDBDJPOFT EF UPSRVF EF QJFT MJCSBT 1PTFF VO BHBSSBEPS SFTJTUFOUF BM BDFJUF Z VOB DVCJFSUB QBSB FM USJORVFUF BTÓ DPNP VO CPUØO EF EFTFOHBODIF SÈQJEP MP RVF CSJOEB VOB CVFOB GJKBDJØO EF MPT EBEPT Z GÈDJM SFNPDJØO -B MPOHJUVE EF QFSNJUF BQBMBODBNJFOUP DVBOEP TF OFDFTJUB BMUB UPSTJØO /P TF QVFEF VUJMJ[BS DPNP MMBWF EF DVCP P EFTUBMPOBEPSB /P 0SEFO %FTDSJQDJØO -MBWF EF 5PSRVF 6OJEJSFDDJPOBM EF ½

t %JTF×BEB QBSB MPT UBMMFSFT EF OFVNÈUJDPT t &YUFOTJPOFT EF JODMVJEBT

1FTP MCT LH

-MBWF EF 5PSRVF "KVTUBCMF EF 5 PSRVF DPO NFDBOJTNP EF WJHB BCJFSUB SFRVJFSF TPMP MB QSFTJØO EF MB QVOUB EF MPT EFEPT QBSB BKVTUBSTF

1FTP MCT LH

-MBWFT EF 5PSTJØO 1SFBKVTUBEBT EF t La cabeza fi KB FMJNJOB FM EFTHBTUF Z MB SPUVSB EF MB MMBWF EF UPSTJØO t /P FT OFDFTBSJP BKVTUBS Z SFBKVTUBS FM UPSRVF FMJNJOB MPT FSSPSFT EF NBSDBEP EF MB MMBWF Z MPT BKVTUFT EF UPSRVF FSSØOFPT t Las confi HVSBDJPOFT EF Z MJCSBT TPO MBT NÈT QPQVMBSFT t &M EJTF×P ÞOJDP EF DBCF[B DVSWFBEB FMJNJOB MB OFDFTJEBE EF VOB FYUFOTJØO QBSB FM EBEP

&M BKVTUF SFRVJFSF NVZ QPDP FTGVFS[P ZB RVF OP IBZ QSFTJØO EF SFTPSUF FO MB MMBWF (JSF MB SVFEB EF BKVTUF MVFHP BTFHÞSFMB FO FTF MVHBS -B MMBWF TF QVFEF GJKBS FO DVBMRVJFS WBMPS TJO BMUFSBS MB QSFDJTJØO )FDIB FO &TUBEPT 6OJEPT 7BMPS EF MJCSBT QJFT FO JODSFNFOUPT EF QJFT MJCSBT B×P EF HBSBOUÓB EF GÈCSJDB *ODMVZF VO DFSUJGJDBEP EF SFHJTUSP EF DBMJCSBDJØO DPO GFDIB $PO QSFDJTJØO EF MFDUVSB EF *ODMVZF FTUVDIF QBSB HVBSEBSTF /P 0SEFO 3FG /P

%FTDSJQDJØO -MBWF EF 5PSRVF "KVTUBCMF DPO $BCF[B 'MFYJCMF $ '3 ' QJFT MJCSBT

1FTP MCT LH

-MBWFT EF 5PSRVF 1SFQSPHSBNBEBT EF

t /P OFDFTJUB QSPHSBNBS Z SFBKVTUBS FM UPSRVF

.BOHP SFTJTUFOUF BM DBMPS (BSBOUÓB SFTQFDUP B MBT FTQFDJGJDBDJPOFT 'FEFSBMFT *40 EF MPT &TUBEPT 6OJEPT ((( 8 % Z "/4* # . &YBDUJUVE

-BT MMBWFT EF UPSRVF QSFQSPHSBNBEBT FMJNJOBO FSSPSFT EF NBSDBEP Z BKVTUFT EF UPSRVF JODPSSFDUPT &M KVFHP JODMVZF EBEPT Z FYUFOTJPOFT QBSB BDDFEFS B BHVKFSPT EF CJSMPT QSPGVOEPT &M USJORVFUF EF VOB TPMB EJSFDDJØO QSFWJFOF RVF TF VUJMJDF DPNP VOB CBSSB EF EFTUBMPOBS *ODMVZF EBEPT EF £ c c NN NN Z NN FYUFOTJØO EF HSÈGJDP EF BQMJDBDJPOFT DPO DØEJHP EF DPMPSFT Z VO FTUBOUF NPMEFBEP QBSB BKVTUBSTF FO MB QBSFE BOP EF HBSBOUÓB QPS EFGFDUPT EF NBUFSJBMFT Z GBCSJDBDJØO /P 0SEFO %FTDSJQDJØO +VFHP EF -MBWFT EF 5PSRVF 1SFQSPHSBNBEBT EF ½ QJF[BT DPO EBEPT 4FU *ODMVEFT -MBWF EF 5PSRVF 1SFQSPHSBNBEB "[VM EF QJFT MJCSBT -MBWF EF 5PSRVF 1SFQSPHSBNBEB (SJT EF QJFT MJCSBT -MBWF EF 5PSRVF 1SFQSPHSBNBEB #MBODB EF QJFT MJCSBT -MBWF EF 5PSRVF 1SFQSPHSBNBEB 7FSEF EF QJFT MJCSBT 0QUJPOBM 5PSRVF 8SFODI -MBWF EF 5PSRVF 1SFQSPHSBNBEB "NBSJMMB EF QJFT MJCSBT

1FTP MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH

/P 0SEFO

%FTDSJQDJØO 5PSRVF 4FUUJOH --MBWF EF 5PSTJØO 1SFBKVTUBEB EF ½ w 'U -C /N --MBWF EF 5PSTJØO 1SFBKVTUBEB EF ½ w 'U -C /N --MBWF EF 5PSTJØO 1SFBKVTUBEB EF ½ w 'U -C /N --MBWF EF 5PSTJØO 1SFBKVTUBEB EF ½ w 'U -C /N --MBWF EF 5PSTJØO 1SFBKVTUBEB EF ½ w 'U -C /N --MBWF EF 5PSTJØO 1SFBKVTUBEB EF ½ w 'U -C /N --MBWF EF 5PSTJØO 1SFBKVTUBEB EF ½ w 'U -C /N -BNJOBEP EF 5PSRVF 5BCMB Y "MNBDFOBNJFOUPT 3BDL QBSB -MBWFT EF 5PSRVF 1SFEFGJOJEPT

NZFSTUJSFTVQQMZ DPN

$PMPS 3JOH /FHSP "NBSJMMP "[VM %PSBEP (SJT #MBODP .PSBEP


)FSSBNJFOUBT EF 5PSRVF -MBWF EF 5PSRVF EF $BNJPO EF

5BCMB EF &TQFDJGJDBDJPOFT EF 5PSRVF QBSB 3VFEBT

t 3BOHP EF QJFT MJCSBT DPO JODSFNFOUPT EF MJCSBT t FO NFUSPT /FXUPO DPO JODSFNFOUPT EF NJMÓNFUSPT

5SVDL 5JSF 5PSRVF 4QFDJãDBUJPOT

Recommended Torque - Oiled*

All threads are right hand metric Two Piece Flange Nuts: Tighten to 50 ft./lbs. using sequence shown.

M22 X 1.5" Thread: 450-500 Ft/Lbs. (33mm or 1-1/2 Hex)

Check disc wheels for proper positioning on pilots and proper seating against drum back. Then tighten to recommended torque using sequence shown.

*Apply two drops of oil to a point between the nuts and flanges to the last two or three threads at the end of each stud.

M20 X 1.5" Thread: 280-330 Ft/Lbs. (30mm Hex)

4UVE 1JMPUFE 8IFFMT

3/4" - 16 Thread: 450 - 500 Ft./Lbs.

Inner Cap Nuts: Tighten cap nuts to 50 ft./lbs. using the sequence shown. Then tighten cap nuts to recommended torque.

1-1/8" - 16 Thread: 450 - 500 Ft./Lbs. 15/16" - 12 Thread: 750 - 900 Ft./Lbs.

1- 5/16" - 12 Thread: 750 - 900 Ft./Lbs.

/PUF *O BMM BQQMJDBUJPOT XIFSF BO "MVNJOVN *OOFS 8IFFM JT UP CF JOTUBMMFE B TQFDJBM *OOFS $BQ /VU .645 CF JOTUBMMFE JO QMBDF PG UIF 4UBOEBSE *OOFS $BQ /VU

Left-Hand threads are used on the left side of the vehicle. Right-Hand threads are used on the right side of the vehicle

Aluminum / Steel

Aluminum / Aluminum

Recommended Torque - Dry

3/4" - 10 Thread: 200 - 260 Ft./Lbs.

Steel / Steel

%FNPVOUBCMF 3JNT

Rear Heel-Type Clamp: Gap permissible but not required. If gap exceeds 1/4" or if clamp bottoms out before reaching 80% of recommended torque, check to insure proper clamps and spacers are being used.

Rear Heel-Less Clamp: Does not depend on a fulcrum at the bottom of the clamp to produce the force to wedge the rims. Heel of clamp does not touch the wheel.

&YBDUJUVE EF FOUSF Z MJCSBT &M USJORVFUF FNJUF TF×BMFT TPOPSBT DVBOEP TF BMDBO[B MB UPSTJØO BQSPQJBEB -B MMBWF FT CJEJSFDDJPOBM Z MFF UPSRVF EF EFSFDIB P J[RVJFSEB 1SPHSBNBEPS EF BKVTUFT FO MB NBOFDJMMB P BHBSSBEPS 6O B×P EF HBSBOUÓB )BZ EJTQPOJCMF TFSWJDJP EF SFDBMJCSBDJØO -BT FYUFOTJPOFT PQDJPOBMFT EF EF MBSHP DPO FKF EF £ FNQVKF CSJOEB BDDFTP B MBT SVFEBT JOUFSJPSFT #VEE 5JFOF EF MPOHJUVE /P 0SEFO %FTDSJQDJØO -MBWF EF 5PSRVF DPO &KF EF ¾ &YUFOTJØO 0QDJPOBM EF QBSB &KF EF ¾

Outer Cap Nuts: Tighten cap nuts to 50 ft./lbs. using the sequence shown. Then tighten cap nuts to recommended torque.

Recommended Torque - Dry

)VC 1JMPUFE 8IFFMT

Front Heel-Type Clamp: Clamp must bottom against spoke Rear Heel - Type Clamp

"-8":4

/PUF

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*.1035"/5

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R.I.S.T.

1FTP

Rear Heel - Less Clamp

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Remove, Inspect, Snug, Torque

Remove debris from mating surfaces

MCT LH MCT LH

XXX UJSFJOEVTUSZ PSH

Front Heel - Type Clamp

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Inspect components

Snug lug nuts in a star pattern

Torque to specification

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PASSWORD

)PNF View wheel off video http://www.youtube.com/watch?v=O-e9AI3cGMA

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1FTP MCT LH MCT LH

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1FTP MCT LH MCT LH MCT LH MCT LH

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1FTP MCT LH

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1FTP MCT LH MCT LH

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4RVBSF )FBE NN NN

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½ ½ ½ ½ ½

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"QMJDBDJØO

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)FY NN NN

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t TBMFT!NZFSTUJSFTVQQMZ DPN


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t QPS QBRVFUF

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t %F BMUB SFTJTUFODJB BOUJ EFTMJ[BNJFOUP

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$BOUJEBE QPS $BKB

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5BNB×P ½ NN

NN NN

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/P 'BC )9 )9 )9 )9

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5BNB×P ½ NN NN

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% ¾ ¾ ¾

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5BNB×P #PUF EF PO[BT #PUF EF PO[BT

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%FTDSJQDJØO 4"& Z .ÏUSJDB

NZFSTUJSFTVQQMZ DPN

5BNB×P ½ NN


%FTNPOUBEPSBT EF /FVNร UJDPT .ZFST 5JSF 4VQQMZ TV QSJODJQBM QSPWFFEPS QBSB FM DBN CJP EF OFVNร UJDPT RVF WBO EFTEF FM OFVNร UJDP QFRVFร P i1BSB UPEP 5FSSFOPw "57 QPS TVT TJHMBT FO JOHMร T BM Nร T HSBOEF i'VFSB EF $BSSFUFSBw 053 QPS TVT TJHMBT FO JOHMร T 5FOFNPT FO FYJTUFODJB MBT EFTNPOUBEPSBT EF OFVNร UJDPT EF QBTBKFSPT #04$) $0"54 $03()* .:&34 )0''."// EF DBNJPOFT 053 5FOFNPT VOB DPNQMFUB Mร OFB EF BDDFTPSJPT QBSB UPEBT MBT EFTNPO UBEPSFT EF OFVNร UJDPT RVF PGSFDFNPT 5BNCJร O UFOFNPT ,&/ 500- ("*5)&3 5/5 &4$0 Z EFTNPOUBEPSBT EF OFVNร UJDPT NBOVBMFT *.5 -PT OFVNร UJDPT OP QVFEFO TFS NPOUBEPT P EFTNPOUBEPT TJO MVCSJDBOUFT Z OPTPUSPT UFOFNPT FO FYJTUFODJB WBSJFEBE EF MVCSJDBOUFT Nร T RVF OJOHร O PUSP QSPWFFEPS 5FOFNPT VOB Mร OFB DPNQMFUB EF BDDFTPSJPT QBSB EFTNPOUBEPSBT EF OFVNร UJDPT QBSB UPEP UJQP EF EFTNPOUBEPSBT /VFTUSPT BTFOUBEPSFT EF UBMPOFT $)&&5") FTUร O EJTQPOJCMFT EFTEF FM UBNBร P FTUร OEBS EF HBMPOFT IBTUB FM 4JTUFNB EF "TFOUBEP EF 5BMร O EF galones. Las jaulas de infl BEP EF OFVNร UJDPT FO MB Qร HJOB JODMVZFO BDUVBMNFOUF VO OVFWP UBNBร P EF OFVNร UJDP 053

-MBWFT EF QPUFODJB ,&/ 500-

)FSSBNJFOUBT 1BSB 4FQBSBEPS EF 1FTUBร BT

/P 0SEFO /P 'BC 5

%FTDSJQDJร O $VFMMP EF $JTOF

-POHJUVE

#BS %Jร NFUSP c

MCT LH

1FTP

#BS %Jร NFUSP c

MCT LH

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/P 'BC 53 53 9 53 48

%FTDSJQDJร O -MBWF EF 1PUFODJB #ร TJDB -MBWF EF 1PUFODJB UJQP #VEE -MBWF EF 1PUFODJB 6OJWFSTBM

1FTP MCT LH MCT LH MCT LH

/P 0SEFO /P 'BC 5

%FTDSJQDJร O )FSSBNJFOUB EF 'VFS[B

-POHJUVE

4FQBSBEPS EF 1FTUBร BT #BSSB EF "QBMBODBNJFOUP

/P 0SEFO /P 'BC %FTDSJQDJร O 5 4FQBSBEPS EF 1FTUBร BT

-POHJUVE

"OUFPKPT EF 1SPUFDDJร O

(VBOUFT 3FVTBCMFT QBSB .FDร OJDPT .:&34

t 7FB Qร HJOB QBSB Nร T BOUFPKPT EF QSPUFDDJร O

t 'VFS[B EF BHBSSF TPCSFTBMJFOUF Z EF TVQFSJPS fl FYJCJMJEBE

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-BT QBMNBT DVCJFSUBT EF OJUSJMP QSPUFHFO MBT NBOPT DPOUSB FM BDFJUF HSBTB Z PUSBT TVDJFEBEFT EFM UBMMFS -B UFMB USBOTQJSBCMF Z EF NBOHB FOSPMMBEB NBOUJFOF MBT NBOPT GSร BT FO FM DBMPS Z UJCJBT FO FM GSร P 4F QVFEFO MBWBS B Nร RVJOB OP TF FODPHFO 4F TFDBO BM BJSF

/P 0SEFO

%FTDSJQDJร O "OUFPKPT EF 1SPUFDDJร O DPO -FOUF $PMPS "NCBS "OUFPKPT EF 1SPUFDDJร O DPO -FOUF EF &TQFKP $PMPS "[VM "OUFPKPT EF 1SPUFDDJร O DPO -FOUF $MBSP

1FTP

/P 0SEFO

%FTDSJQDJร O (VBOUFT QBSB .FDร OJDPT (VBOUFT QBSB .FDร OJDPT

t TBMFT!NZFSTUJSFTVQQMZ DPN

#BS %Jร NFUSP c

1FTP MCT LH

/JUSJMF DPBUFE QBMN

5BNBร P (SBOEF &YUSB (SBOEF


/FVNÃUJDPT 4FSWJDF 5PPMT -MBWFT %PCMFT QBSB $BNJPOFT

-MBWFT EF 5VFSDBT EF $SV[ &TUÈO EJTQPOJCMFT FO UBNB×PT RVF TF BKVTUBO B UPEBT MBT OFDFTJEBEFT EF MBT EFTNPOUBEPSBT EF OFVNÈUJDPT 4"& NÏUSJDB BVUPT EF QBTBKFSPT DBNJPOFT MJWJBOPT DBNJPOFUBT 37 Z DBNJPOFT EF USBCBKP QFTBEP "DFSP EF BMUB DBMJEBE DPO DFOUSPT SFGPS[BEPT QBSB TFSWJDJP QFTBEP Z EF MBSHB EVSBDJØO 5PEBT MBT MMBWFT EF UVFSDBT UJFOFO EBEPT EF QSPGVOEJEBE FYUSB QBSB BKVTUBSTF B MBT UVFSDBT FTUÈOEBSFT

5BNB×PT EJTQPOJCMFT QBSB UPEBT MBT UVFSDBT 4"& Z NÏUSJDBT 5PEBT MBT MMBWFT FTUÈO DPOTUSVJEBT EF BMFBDJØO EF BDFSP EF -BT MMBWFT UJFOFO EBEPT DPO QSPGVOEJEBE BEJDJPOBM EF -BSHP 6TF DPO MB CBSSB EF BQBMBODBNJFOUP 53 EF £

-MBWFT EF DSV[ 1SPGFTJPOBMFT -MBWFT %PCMFT 4BF 1BSB $BNJPOFT -MBWF EF UVFSDBT QBSB BVUPT DBNJPOFT MJWJBOPT 37 DBNJPOFUBT Z DBNJPOFT QFTBEPT %BEPT QVMJEPT Z GPSKBEPT FO MPT DFOUSPT QBSB GVFS[B BEJDJPOBM /P 0SEFO

/P 'BC %FTDSJQDJØO 1BTBKFSP 5 1BTBKFSP 5

5BNB×P EF -PT EBEPT ¾ c c c NN

-BSHP

#BS %JÈNFUSP c c

1FTP MCT LH MCT LH

-MBWFT EF $SV[ 1SPGFTJPOBMFT FTUÈOEBS

/P 'BC %FTDSJQDJØO 1BTBKFSP 5 $BNJØO MJWJBOP 5

/P 'BC 53 53 53 53 " 53 9 53 53

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1FTP MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH

-MBWFT %PCMFT .FUSJDBT 1BSB $BNJPOFT /P 0SEFO

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/P 0SEFO

/P 'BC 53. 53. 53. 53.

4PDLFU 5BNB×PT NN Y NN NN Y NN NN 4RVBSF Y NN NN Y NN

1FTP MCT LH MCT LH MCT LH MCT LH

.BOHP QBSB -MBWFT EF 5VFSDBT QBSB $BNJPOFT 5BNB×P EF -PT EBEPT ¾ c c c c c c

-BSHP

#BS %JÈNFUSP c ¾

1FTP MCT LH MCT LH

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-MBWFT EF $SV[ &DPOØNJDBT

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1FTP MCT LH

&YUSBDUPSFT $BNCJBEPSFT EF $VCJFSUB EF 3VFEB

$FOUSPT TPMEBEPT RVF TPQPSUBO FM VTP EJBSJP /P 0SEFO

/P 'BC 5 5 5 5

%FTDSJQDJØO 1BTBKFSP 1BTBKFSP 1BTBKFSP 1BTBKFSP

4PDLFU 4J[FT -BSHP #BS %JÈNFUSP ¾ c c c c ¾ c c c c ¾ c c c c c NN

1FTP MCT LH MCT LH MCT LH MCT LH

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/P 'BC 5 5 5 3)

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1FTP MCT LH MCT LH MCT LH

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/P 'BC 5 5

5 " 5. 5$

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#BS %JÈNFUSP

1FTP MCT LH MCT LH MCT LH MCT LH MCT LH

*EFBM QBSB OFVNÈUJDPT QSPCMFNÈUJDPT 4F VUJMJ[BO QBSB QSFWFOJS RVF MPT SJOFT TF UVFS[BO *EFBM QBSB SJOFT IFDIPT B MB NFEJEB Z SJOFT FYUSBOKFSPT TJO PSJGJDJPT FO MPT DFOUSPT /P 0SEFO

/P 'BC 5

%FTDSJQDJØO 4FQBSBEPS EF 1FTUB×B EF -VKP

NZFSTUJSFTVQQMZ DPN

"ODIP EF MB CBOEB 6Q UP

1FTP MCT LH


.BSUJMMPT /FVNÃUJDPT $V×B QBSB 4FQBSBEPS EF 1FTUB×B DPO .BOHP EF 1PMÓNFSP

4FQBSBEPSFT EF 1FTUB×BT EF 'JCSB EF 7JESJP

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.BOHP EF 3FFNQMB[P

-POHJUVE

1FTP MCT LH MCT LH

.BOHPT EF 3FFNQMB[P EF 'JCSB EF 7JESJP

.BOHP EF /P 0SEFO /P 'BC 3FFNQMB[P 5 , 3FFNQMB[P 1PMZNFS )BOEMF 5 , 5 ,)

/P 0SEFO /P 'BC 5( %) 5( &)

.BOHP EF 3FFNQMB[P 5( % 5( &

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1FTP MCT LH MCT LH

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MCT LH

1FTP

MCT LH

&TQÈUVMB QBSB 1FTUB×B

"EBQUBEPS EF DBM[B EF SFFNQMB[P 6O -PDL QBSB MBT IFSSBNJFOUBT BSSJCB EFTDSJUBT /P 0SEFO /P 'BC 5( %) 5( &)

1BSB NBSUJMMP /ÞNFSP "EBQUBEPS EF $BM[B /6 -0$, QBSB .BOHP 5( %) "EBQUBEPS EF $BM[B /6 -0$, QBSB .BOHP 5( &)

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1FTP MCT LH MCT LH

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t TBMFT!NZFSTUJSFTVQQMZ DPN

1FTP MCT LH


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t .BSUJMMPT EF NBOHP EF NBEFSB

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1FTP MCT LH MCT LH MCT LH

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1FTP MCT LH MCT LH MCT LH

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1FTP MCT LH

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#BS %JÈNFUSP c

1FTP MCT LH

#BS %JÈNFUSP c

1FTP MCT LH

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#BS %JÈNFUSP c

1FTP MCT LH

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1FTP MCT LH

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/P 0SEFO /P 'BC 5 "

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/P 'BC 5 9 5 5 " 5

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1FTP MCT LH MCT LH MCT LH MCT LH

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1FTP MCT LH

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/P 0SEFO

/P 'BC

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1FTP MCT LH MCT LH MCT LH

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t TBMFT!NZFSTUJSFTVQQMZ DPN

1FTP MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH


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#BS %JÈNFUSP c

1FTP MCT LH

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/P 'BC 5 "$ 5 " 5 )%

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#BS %JÈNFUSP ¾ ¾ ¾

1FTP

1FTP MCT LH MCT LH MCT LH MCT LH

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MCT LH MCT LH MCT LH

)FSSBNJFOUBT QBSB /FVNÈUJDPT TJO $ÈNBSB

/P 0SEFO

t -B GPSNB NFKPSBEB NBOUJFOF VO NFKPS DPOUBDUP DPO FM SJO t -B IPKB NÈT BODIB TF BHBSSB NFKPS B MB QFTUB×B

/P 'BC 5 5 " 5 # 5 $

%FTDSJQDJØO -POHJUVE +VFHP EF 5SFT )FSSBNJFOUBT 5 " 5 # 5 $ )FSSBNJFOUB QBSB %FTNPOUBS Z .POUBS )FSSBNJFOUB QBSB %FTNPOUBS Z .POUBS ½ #BSSB EF .POUBKF QBSB $POUSBQFTP

#BS %JÈNFUSP

1FTP

MCT LH

MCT LH MCT LH MCT LH

#BSSB EF &MFWBDJØO EF 3VFEBT *SPO.BO ,&/ 500-

.BOJKB SFEJTF×BEB

t 'BDJMJUB FMFWBS UPEPT MPT UBNB×PT Z UJQPT EF SVFEBT EF DBNJPOFT EF USBCBKP QFTBEP QFRVF×PT Z HSBOEFT t "ZVEB B FMJNJOBS MB UFOTJØO EF MB FTQBMEB

$PO QVOUB

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-POHJUVE

1FTP MCT LH

#BODB QBSB %FTNPOUBKF EF /FVNÈUJDPT EF $BNJØO

$PO FM DVCP MBEP BSSJCB JOTFS UBS FM FYUSFNP EF MB NBOJKB

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%FTDSJQDJØO #BODB QBSB %FTNPOUBKF EF /FVNÈUJDPT EF $BNJPOFT

$PO FM DVCP MBEP BCBKP VUJMJ[BS FM FYUSFNP DVSWP

1FTP MCT LH

/P 0SEFO /P 'BC 5

%FTDSJQDJØO *SPO.BO -JGUJOH #BS -POHJUVE

NZFSTUJSFTVQQMZ DPN

1FTP MCT LH


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/P 'BC 5 #

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1FTP MCT LH

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%FTDSJQDJØO 4FQBSBEPS EF 5BMØO %PCMF EF /FVNÈUJDPT EF $BNJØO

4IJQ 8U MCT LH

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/P 'BC #

%FTDSJQDJØO .BSUJMMP %FTMJ[BOUF

1FTP MCT LH

.BSUJMMP %FTMJ[BOUF i#JH #VEEZw

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/P 'BC

%FTDSJQDJØO .BSUJMMP %FTMJ[BOUF i#JH #VEEZw

1FTP MCT LH

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*ODMVEFT

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NZFSTUJSFTVQQMZ DPN


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t 0QFSB DPO /FVNÈUJDPT EF "MFBDJØO EF $SPNP EF #BKP 1FSGJM Z EF . WJMJEBE &YUFOEJEB 3VO 'MBU

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%FTDSJQDJØO %FTNPOUBEPSB EF /FVNÈUJDPT "VUPNÈUJDB

1FTP MCT LH

%FTNPOUBEPSB "VUPNÈUJDB EF /FVNÈUJDPT .54 .:&34

/P 0SEFO

/P 'BC

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1FTP MCT LH

t TBMFT!NZFSTUJSFTVQQMZ DPN


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1FTP MCT LH MCT LH

%FTDSJQDJØO %FTNPOUBEPSB EF /FVNÈUJDPT &MÏDUSJDB %FTNPOUBEPSB EF "JSF

1FTP MCT LH MCT LH

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t 1PTFF MBT NJTNBT DBSBDUFSÓTUJDBT RVF MB %FTNPOUBEPSB 5* NÈT VOJEBE 16 DPO NPUPS FMÏDUSJDP t 3VFEB Z CSB[P TVKFUBEPS EF UBMØO BDDJPOBEPT FO GPSNB OFVNÈUJDB

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$03()* 5* %FTNPOUBEPSB EF /FVNÈUJDPT EF "MUP 3FOEJNJFOUP

$03()* 5* %FTNPOUBEPSB EF /FVNÈUJDPT

/P 0SEFO /P 'BC 5*

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1FTP MCT LH

/P 0SEFO /P 'BC 5* 5*

%FTDSJQDJØO %FTNPOUBEPSB &MÏDUSJDB %FTNPOUBEPSB /FVNÈUJDB

NZFSTUJSFTVQQMZ DPN

1FTP MCT LH MCT LH


"DDFTPSJPT QBSB %FTNPOUBEPSBT EF /FVNÃUJDPT %FTNPOUBEPSB EF /FVNÈUJDPT 4*-7&3-*/&

"DDFTPSJPT QBSB %FTNPOUBEPSBT EF /FVNÈUJDPT $03()*

t %FTNPOUBEPSB DPO OJWFM EF FOUSBEB QBSB BQMJDBDJPOFT MJWJBOBT QFTBEBT

1BE %FTUBMPOBEPS

/P 0SEFO /P 'BC

%JTF×P DPO DVBUSP BCSB[BEFSBT SPCVTUFDJEBT DPO DJMJOESPT QPUFOUFT EPCMFT 4F DBSBDUFSJ[B QPS FM TFQBSBEPS EF QFTUB×BT EF EPCMF BDDJØO KFUT EF JOGMBEP JODPSQPSBEPT QSPUFDUPSFT EF OFVNÈUJDPT QMÈTUJDPT Z DBCF[B EF NPOUBKF EFTNPOUBKF EF BDFSP DPO QSPUFDUPSFT QMÈTUJDPT &TQFDJGJDBDJPOFT "HBSSF FYUFSOP EF F JOUFSOP EF o BODIP NÈYJNP EFM SJO w EJÈNFUSP NÈYJNP EFM OFVNÈUJDP 7 "NQ SFRVFSJNJFOUP EF BJSF QTJ (BSBOUÓB EF NFTFT QBSB MBT QJF[BT Z EF EÓBT QBSB MB NBOP EF PCSB /P 0SEFO /P 'BC

*OTFSUPT /P 0SEFO /P 'BC

%FTDSJQDJØO ! %FTNPOUBEPSB EF /FVNBUJDPT

1FTP

%FTDSJQDJØO *OTFSUPT

1BTBEPS EF $JFSSF

MCT LH

.PSEB[BT EF "HBSSF QBSB i&TUJMPT /VFWPTw Z i&TUJMPT "OUJHVPTw "OUFT EF DPNQSBS MPT BDDFTPSJPT QBSB MBT %FTNPOUBEPSBT EF /FVNÈUJDPT $03()* WFSJGJRVF MBT NPSEB[BT QBSB EFUFSNJOBS TJ TPO EF BHBSSF EF iFTUJMP BOUJHVPw P iFTUJMP OVFWPw

i.PSEB[BT EF &TUJMP /VFWPw

%FTDSJQDJØO 1BE %FTUBMPOBEPS

/P 0SEFO /P 'BC

%FTDSJQDJØO 1BTBEPS EF $JFSSF

$BCF[B QBSB .POUBKF %FTNPOUBKF t .FUÈMJDBT

i.PSEB[BT EF &TUJMP "OUJHVPw

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&TUÈOEBS FO MBT OVFWBT EFTNPOUBEPSBT EF OFVNÈUJDPT $03()* DPO NPSEB[BT QBSB SJO Z FO MBT TJHVJFOUFT

EFTQVÏT EF /ÞNFSP EF 4FSJF

EFTQVÏT EF /ÞNFSP EF 4FSJF

EFTQVÏT EF /ÞNFSP EF 4FSJF

EFTQVÏT EF /ÞNFSP EF 4FSJF

EFTQVÏT EF /ÞNFSP EF 4FSJF

EFTQVÏT EF /ÞNFSP EF 4FSJF

EFTQVÏT EF /ÞNFSP EF 4FSJF

EFTQVÏT EF /ÞNFSP EF 4FSJF

*ODMVZFOEP FTUPT OÞNFSPT EF TFSJF

*ODMVZFOEP FTUPT OÞNFSPT EF TFSJF

/P 0SEFO

/P 'BC

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"CSB[BEFSBT QBSB 1FTUB×BT EF /FVNÈUJDPT

"EBQUBEPSFT EF 3VFEBT EF w o w

/P 0SEFO /P 'BC

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/P 0SEFO /P 'BC "

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$VCFUBT $VCPT EF -VCSJDBOUF /P 0SEFO

/P 'BC

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/P 0SEFO /P 'BC

"

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1SPUFDUPS EF #SB[P %FTUBMPOBEPS QBSB %FTQFHBEPSB EF 1FTUB×BT /P 0SEFO /P 'BC

%FTDSJQDJØO 1SPUFDUPS EF #SB[P %FTUBMPOBEPS QBSB %FTQFHBEPSB EF 1FTUB×BT QBRVFUF EF

/P 0SEFO

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t TBMFT!NZFSTUJSFTVQQMZ DPN


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1FTP MCT LH MCT LH

/P 0SEFO %FTDSJQDJØO %FTNPOUBEPSB EF /FVNÈUJDPT &MÏDUSJDB EF "MUP 7PMVNFO %FTNPOUBEPSB EF /FVNÈUJDPT EF "JSF EF "MUP 7PMVNFO

%FTNPOUBEPSB EF /FVNÈUJDPT EF #BKP 1FSGJM )0'."// &.

t *ODMVZF UPEBT MBT DBSBDUFSÓTUJDBT Z MPT CFOFGJDJPT EF MB %FTNPOUBEPSB .POUZ NÈT MBT DBSBD UFSÓTUJDBT EF MB %FTNPOUBEPSB &BTZ.POU 1SP t %JTQPOJCMFT NPEFMPT FMÏDUSJDPT P EF BDDJPOBNJFOUP OFVNÈUJDP

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1FTP MCT LH

%FTNPOUBEPSB EF /FVNÈUJDPT DPO 1PTUF $FOUSBM )0'."// C

1FTP MCT LH

&TQFDJGJDBDJPOFT "ODIP NÈYJNP EFM SJO

%JÈNFUSP NÈYJNP EFM /FVNÈUJDP

1FTP MCT LH

)0'."// "DDFTPSJPT QBSB %FTNPOUBEPSB EF /FVNÈUJDPT

/P 0SEFO %FTDSJQDJØO %FTNPOUBEPSB EF /FVNÈUJDPT DPO 1PTUF $FOUSBM C

"HBSSF FYUFSOP

-B %FTNPOUBEPSB &BTZ.POU QSP DVFOUB DPO VO SPEJMMP TVQFSJPS QFEBM Z VO EJTDP EF FMFWBDJØO $BEB QBSUF DVFOUB DPO VOB GVODJØO FTQFDJBMJ[BEB QBSB BZVEBS BM UÏDOJDP BM NPOUBKF Z EFTNPOUBKF EF BDDFTPSJPT EF SVFEBT EF CBKP QFSGJM Z EF BMUP SFOEJNJFOUP /P 0SEFO %FTDSJQDJØO %FTNPOUBEPSB EF /FVNÈUJDPT EF "MUP 7PMVNFO 1SP &MFDUSJD

*ODMVZF VOB IFSSBNJFOUB EF NPOUBKF EFTNPOUBKF NFOPS FYUFOTJØO EFTUBMPOBEPS NBOUFOHB QVMTBEB DPOP QSPUFDUPSFT EF BSSBORVF EF OZMPO QPTUF DFOUSBM Z MB FYUFOTJØO QBTBEPS EF QPTJDJPOBNJFOUP CPUFMMB EF MVCSJDBOUF Z DFQJMMP 4QFDT 3JN EJBNFUFS UP SJN XJEUIT UP BJS TVQQMZ UP QTJ DFOUFS QPTU UPSRVF GU MCT ! QTJ GU MCT ! QTJ

"HBSSF JOUFSOP

1FTP MCT LH MCT LH

)0'."// .POUZ FN %FTNPOUBEPSB EF /FVNÈUJDPT EF "MUP 7PMVNFO

t 1BSB OFVNÈUJDPT EF CBKP QFSGJM BMUP SFOEJ NJFOUP Z EF NPWJMJEBE FYUFOEJEB

/P 'BC &.

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3FRVFS JNJFOUP EF BJSF UP QTJ UP QTJ UP QTJ

&OFSHÓB FMÏDUSJDB 1FTP 7 1I MCT LH 7 1I MCT LH 7 1I MCT LH

/P 0SEFO

/P 'BC 45 &"" ( " &"" ( " 45

%FTDSJQDJØO 1SPUFDUPS QBSB %FTUBMPOBEPS 1SPUFDUPSFT &YUFSOPT DPO UJQP .PSEB[B QPS KVFHP

1JF[BT *OTFSUBT 1SPUFDUPSBT QBSB $BCF[BM EF .POUBKF %FTNPOUBKF

$BCF[BM $PNQVFTUP EF .POUBKF %FTNPOUBKF $BCF[BM $PNQVFTUP EF 3FQVFTUP 3FDBNCJP

NZFSTUJSFTVQQMZ DPN


%FTNPOUBEPSBT EF /FVNÃUJDPT #04$) %FTNPOUBEPSB EF /FVNÈUJDPT EF /JWFM .FEJP 5$& 5$& 5)1

#04$) 5$& %FTNPOUBEPSB EF /FVNÈUJDPT EF /JWFM #ÈTJDP t $BQBDJEBE &YUFSJPS EF 4VKFDJØO EF t 1JF[BT JOTFSUBT SFFNQMB[BCMFT RVF QSPUFHFO FM SJO EFM DPOUBDUP FOUSF NFUBMFT

/P 0SEFO /P 'BC 5$&

%FTDSJQDJØO %FTNPOUBEPSB EF /FVNÈUJDPT EF #SB[P 0TDJMBOUF

1FTP MCT LH

#04$) %FTNPOUBEPSBT EF /FVNÈUJDPT EF 5PSSF *ODMJOBEB

&M TJTUFNB EF NPOUBKF OFVNÈUJDP EF DJMJOESPT EPCMFT FO MB DVFOUB DPO USFT EFQSFTPSFT EF UBMØO QBSB FM GÈDJM Z SÈQJEP NPOUBKF Z EFTNPOUBKF EF OFVNÈUJDPT EF CBKP QFSGJM -B UPSSF QFTBEB Z FM HBCJOFUF QSPQPSDJPOBO VOB SJHJEF[ NÈYJNB

5$& 5$& 4'"

-BT %FTNPOUBEPSBT OFVNÈUJDBT EF UPSSF JODMJOBEB UJFOFO VOB DBQBDJEBE EF TVKFDJØO FYUFSJPS EF w -B 5$& 5)1- DVFOUB DPO VO TJTUFNB EF NPOUBKF EFTNPOUBKF TJO QBMBODBT Z DPO VO TJTUFNB EF NPOUBKF OFVNÈUJDP EF EPCMF DJMJOESP QBSB VOB SÈQJEB PQFSBDJØO -B 5$& 5)1 DVFOUB DPO VO TJTUFNB EF NPOUBKF OFVNÈUJDP EF EPCMF DJMJOESP DPO VO DBCF[BM EF NPOUBKF FTUÈOEBS /P 0SEFO

/P 'BC

5$& 5)1

5$& 5)1-

%FTDSJQDJØO %FTNPOUBEPSB EF /FVNÈUJDPT DPO *ODMJOBDJØO *ODPSQPSBEB %FTNPOUBEPSB EF /FVNÈUJDPT DPO *ODMJOBDJØO *ODPSQPSBEB Z 4JTUFNB TJO 1BMBODBT

1FTP

%FTNPOUBEPSBT OFVNÈUJDBT DPO CSB[P PTDJMBOUF Z DBQBDJEBE EF TVKFDJØO FYUFSJPS EF w TJO BEBQUBEPSFT &M CSB[P QPTUFSJPS FO FM NPEFMP 4'" NBOUJFOF FM UBMØO TVQFSJPS FO FM DFOUSP SFCBKBEP BM NPOUBS Z EFTNPOUBS OFVNÈUJDPT EF EJGÓDJM NPOUBKF

MCT LH

/P 0SEFO

#04$) %FTNPOUBEPSB EF /FVNÈUJDPT DPO $FOUSP )JESÈVMJDP Z 4JO 1BMBODBT

/P 'BC 5$& 5$& 5$& 4'" 5$& 5$& 5)1 5$& 5)1 5$& 5)15$&

%FTDSJQDJØO %FTNPOUBEPSB EF /FVNÈUJDPT 4JO 1BMBODB

-FWFSMFTT /P /P /P /P /P :FT :FT :FT

%FTDSJQDJØO %FTNPOUBEPSB EF #SB[P 0TDJMBOUF %FTNPOUBEPSB EF #SB[P 0TDJMBOUF DPO #SB[P 1PTUFSJPS %FTNPOUBEPSB DPO *ODMJOBDJØO .BOVBM Z .POUBKF /FVNÈUJDP %FTNPOUBEPSB DPO *ODMJOBDJØO .BOVBM

1FTP MCT LH MCT LH MCT LH MCT LH

t %FTNPOUBEPSB EF OFVNÈUJDPT EF CSB[P PTDJMBOUF Z EF OJWFM CÈTJDP 5$ 04 t #BMBODFBEPSB EF /FVNÈUJDPT EF OJWFM #ÈTJDP 8#& t 7FB MB QÈHJOB QBSB NÈT EFUBMMFT

%JTF×P WFSTÈUJM EF 1PTUF $FOUSBM -PT EPT SPEJMMPT UJQP NPSEB[B SFBMJ[BO MB GVODJØO EF EFTUBMPOBEP $VFOUB DPO VO QBOFM EF DPOUSPM JOUFHSBEP VO CSB[P OFVNÈUJDP RVF NBOUJFOF FM UBMØO TVQFSJPS FO FM DFOUSP SFCBKBEP EVSBOUF FM NPOUBKF Z EFTNPOUBKF EF OFVNÈUJDPT EJGÓDJMFT EF NPOUBS Z BM FMFWBS SVFEBT

0SEFS /P

/P 'BC 5$& 5$& 4'" 5$& 5)1 5$&

#04$) %FTNPOUBEPSB EF /FVNÈUJDPT Z #BMBODFBEPSB $PNCJOBEB

/P 0SEFO /P 'BC 5$&

MCT LH

1FTP

MCT LH

5JQP

"HBSSF JOUFSOP

"HBSSF FYUFSOP

"ODIP NÈYNP EFM SJO

4XJOH 4XJOH 4XJOH .BOVBM 5JMU .BOVBM 5JMU "VUP 5JMU "VUP 5JMU 'VMM "VUP

/ "

%JÈNFUSP NÈYJNP EFM /FVNÈUJDP ½ ½ ½

3FRVFSJNJFOUP EF BJSF UP QTJ UP QTJ UP QTJ UP QTJ UP QTJ UP QTJ UP QTJ UP QTJ

t TBMFT!NZFSTUJSFTVQQMZ DPN

&OFSHÓB FMÏDUSJDB 7 7 7 7 7 7 1I 7 1I 7 1I

1FTP MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH


%FTNPOUBEPSBT EF /FVNÃUJDPT EF $BNJÓO %FTNPOUBEPSB EF /FVNÈUJDPT $0"54 $)% t %JTF×BEP QBSB UBMMFSFT EF WPMVNFO NPEFSBEP Z WPMVNFO HSBOEF t 0QFSB DPO SJOFT EF B Z OFVNÈUJDPT EF IBTUB EF EJÈNFUSP Z EF BODIP

$BQBDJEBE FYUFOEJEB DPO NPSEB[BT EF DVBUSP HBODIPT RVF QFSNJUF VOB HSBO WBSJFEBE EF BQMJDBDJPOFT JODMVZFOEP EJTDP EF SFUSPDFTP EJTDP FTUÈOEBS Z EJTDP QBSB OFVNÈUJDPT EF USBDUPSFT EFTNPOUBCMFT $VFOUB DPO VOB VOJEBE QPSUÈUJM EF DPOUSPM BMÈNCSJDP /P 0SEFO /P 'BC $)%

%FTDSJQDJØO %FTNPOUBEPSB EF /FVNÈUJDPT 7 1I

1FTP MCT LH

%FTNPOUBEPSB EF /FVNÈUJDPT $0"54 $)%

%FTNPOUBEPSB EF /FVNÈUJDPT $0"54 $)% t %JTF×BEB QBSB UBMMFSFT EF HSBO WPMVNFO t 0QFSB DPO SJOFT EF B Z IBTUB DPO FYUFOTJPOFT EF NPSEB[B PQDJPOBMFT EF IBTUB EF EJÈNFUSP Z EF BODIP

4F VUJMJ[B DPO OFVNÈUJDPT EF WFIÓDVMPT BHSÓDPMBT USBDUPSFT 5SBDUPSFT EF BSSBTUSF Z OFVNÈUJDPT GVFSB EF DBSSFUFSB 0QFSBDJØO DPNQMFUBNFOUF IJESÈVMJDB /P FT OFDFTBSJP MFWBOUBS FM OFVNÈUJDP P FM FOTBNCMBKF EF MB SVFEB $BCF[B Z CSB[P SPUBUJWPT B DPOUSPM SFNPUP QBSB EFTNPOUBKFT SÈQJEPT .PUPS EF EPT WFMPDJEBEFT QBSB VOB PQFSBDJØO NÈT SÈQJEB 4JTUFNB EF NBOESJM IJESÈVMJDP /P 0SEFO

/P 'BC $)%

%FTDSJQDJØO %FTNPOUBEPSB EF /FVNÈUJDPT 7 1I $POUSPM 3FNPUP 0QDJPOBM &YUFOTJPOFT EF .PSEB[B EF w B w KVFHP EF

1FTP MCT LH

"DDFTPSJPT $0"54

t %JTF×BEP QBSB UBMMFSFT Z GMPUBT EF BVUPN WJMFT EF WPMVNFO NPEFSBEP Z BMUP t 0QFSB DPO SJOFT EF B IBTUB DPO FYUFOTJPOFT EF NPSEB[BT OFVNÈUJDPT EF IBTUB EF EJÈNFUSP Z EF BODIP

/P 0SEFO

$BCF[B QBSB .POUBS %FTNPOUBS 3JOFT EF "MFBDJØO $0"54

$BQBDJEBE FYUFOEJEB DPO MBT NPSEB[BT EF DVBUSP HBODIPT RVF QFSNJUF VOB HSBO WBSJFEBE EF BQMJDBDJPOFT 4V EJTF×P EF DBNQP BCJFSUP QFSNJUF MJCFSUBE EF NPWJNJFOUP EFM PQFSBEPS /P 0SEFO /P 'BC $)%

%FTDSJQDJØO &OWBTF QBSB -VCSJDBOUF $PBUT "QMJDBEPS EF -VCSJDBOUF EF .PUB QBSB $PBUT 4VKFUBEPS QBSB 'JKBDJØO

%FTDSJQDJØO %FTNPOUBEPSB EF /FVNÈUJDPT 7 1I &YUFOTJPOFT EF .PSEB[B EF w B w +VFHP EF

1FTP MCT LH

/P 0SEFO /P 'BC

%FTDSJQDJØO $BCF[B QBSB 3JOFT EF "MFBDJØO *OTFSUP EF /ZMPO EF 3FFNQMB[P

1FTP MCT LH MCT LH

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%FTDSJQDJØO %FTNPOUBEPSB EF /FVNÈUJDPT 1I %FTNPOUBEPSB EF /FVNÈUJDPT 1I

1FTP MCT LH MCT LH

&TQFDJGJDBDJPOFT /P 'BC $)% $)% $)%

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/P 'BC 5 5 5

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1FTP MCT LH

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1FTP MCT LH MCT LH MCT LH

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1FTP MCT LH

MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH

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MCT LH MCT LH MCT LH MCT LH

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NZFSTUJSFTVQQMZ DPN


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1BSB /FVNÈUJDPT 3BEJBMFT 4VQFS "ODIPT

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/P 0SEFO

/P 'BC

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1FTP MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH

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3PUBEPS EF /FVNÈUJDPT &;

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1FTP MCT LH

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t TBMFT!NZFSTUJSFTVQQMZ DPN

1FTP MCT LH


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,JU #ÈTJDP

,JU "NQMJBEP

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1FTP MCT LH MCT LH

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/P 'BC

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#BMBODFBEPSB EF /FVNÈUJDPT HVJBEB DPO -ÈTFS % $0"54

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/P 'BC %7 %7 % %

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1FTP MCT LH MCT LH MCT LH MCT LH

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/P 'BC % % % %

4IBGU 5BNB×P NN NN NN NN

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1FTP MCT LH MCT LH MCT LH MCT LH

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t TBMFT!NZFSTUJSFTVQQMZ DPN

1FTP MCT LH MCT LH MCT LH


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1FTP MCT LH MCT LH MCT LH MCT LH MCT LH


+BDL 4UBOET 1MBUBGPSNBT QBSB (BUP EF 5POFMBEBT

(BUP /FVNÈUJDP UJQP #PUFMMB .BOVBM EF UPOFMBEBT t 4F PQFSB FO GPSNB NBOVBM P BVUPNÈUJDB t &M NBOHP MBSHP DPNQVFTUP QPS QJF[BT QFSNJUF VO GÈDJM CPNCFP &M HBUP OFVNÈUJDP IJESÈVMJDP UJQP CPUFMMB FT NÈT SÈQJEP RVF FM FRVJQP IJESÈVMJDP DPOWFODJPOBM PQFSBEP NBOVBMNFOUF -B QPUFODJB EFM BJSF QFSNJUF RVF TFB PQFSBEP DPO VOB TPMB NBOP Z CSJOEB MB PQDJØO BM VTVBSJP EF WFS MB DBSHB EFTEF DFSDB -B FYUFOTJØO EFTBUPSOJMMBCMF CSJOEB BMUVSB BEJDJPOBM DVBOEP TF OFDFTJUB -B WÈMWVMB EF TFHVSJEBE FWJUB RVF MB VOJEBE TF TPCSFDBSHVF -B NBOHVFSB EF BJSF TF HJSB IBDJB DVBMRVJFS EJSFDDJØO &TQFDJGJDBDJPOFT $BQBDJEBE UPOFMBEBT BMUVSB NÓOJNB w BMUVSB NÈYJNB w FMFWBDJØO w UPSOJMMP w SFRVJFSF QTJ /P 0SEFO %FTDSJQDJØO (BUP /FVNÈUJDP )JESÈVMJDP UJQP #PUFMMB EF 5POFMBEBT

1FTP MCT LH

(BUP /FVNÈUJDP )JESÈVMJDP EF #PUFMMB ".&3*$"/ '03(& '06/%3:

/P 0SEFO

$BQBDJEBE 5POFMBEBT

.ÓOJNB "MUVSB ¼

.BY "MUVSB

1FTP MCT LH

1MBUBGPSNB QBSB (BUP ".&3*$"/ '03(& '06/%3:

t $BQBDJEBE %F B UPOFMBEBT t "CSB[BEFSB EF BDFSP EF BMUB SFTJTUFODJB QBSB FMFWBDJPOFT NÈT TFHVSBT

#PNCB DFOUSBM Z QJTUØO QBSB VO CBMBODF BEFDVBEP Z VOB GÈDJM DPMPDBDJØO &TQFDJGJDBDJPOFT HBUP EF UPOFMBEBT $BQBDJEBE UPOFMBEBT BMUVSB NÓOJNB ž BMUVSB NÈYJNB £ FMFWBDJØO &TQFDJGJDBDJPOFT HBUP EF UPOFMBEBT $BQBDJEBE UPOFMBEBT BMUVSB NÓOJNB › BMUVSB NÈYJNB FMFWBDJØO ž /P 0SEFO %FTDSJQDJØO (BUP /FVNÈUJDP )JESÈVMJDP EF #PUFMMB EF 5POFMBEBT (BUP /FVNÈUJDP )JESÈVMJDP EF #PUFMMB EF 5POFMBEBT

&M QFTP EF MB DBSHB FWJUB RVF FM USJORVFUF P iSBUDIFUw TF TVFMUF NJFOUSBT TPTUJFOF VOB DJFSUB DBSHB $VFOUB DPO VOB CBTF BODIB RVF MF CSJOEB FTUBCJMJEBE BEJDJPOBM &M DPKJOFUF Z MB CBSSB EFM USJORVFUF GPSNBO QBSUF EF VOB NJTNB QJF[B /P DPOUJFOF QJF[BT TPMEBEBT MP DVBM CSJOEB VO TPQPSUF BEJDJPOBM B MB DBSHB 4F WFOEF FO QBSFT TPMBNFOUF

1FTP MCT LH MCT LH

(BUP /FVNÈUJDP .BOVBM EF #BKP 1FSGJM DPO DBQBDJEBE EF UPOFMBEBT DPO #PUFMMB

6OB QJF[B JNQPSUBOUF QBSB NÈYJNB FTUBCJMJEBE DVBOEP TF VUJMJ[B FRVJQP EF FMFWBDJØO 4PQPSUFT UJQP USJORVFUF P UJQP DMBWJKB %JTF×BEP QBSB VTBSTF FO QBSFT /P 0SEFO

.GS /P 44 44

$BQBDJEBE 5POFMBEBT

"MUVSB .ÓOJNB "MUP ½ ½ ¾

MCT LH MCT LH

"MUVSB .ÓOJNB "MUP

MCT LH

1FTP

4PQPSUFT EF #BKP QFSGJM EF 5POFMBEBT QBSB (BUP /03$0

t 0QFSB FO GPSNB NBOVBM P OFVNÈUJDB

/P 0SEFO

1SFTJØO EFM BJSF OFDFTBSJP QTJ

"MUVSB .ÓOJNB "MUP ¾

$BQBDJEBE 5POFMBEBT

$PMVNOB DPO VO TPQPSUF UJQP QJO DPO DVBUSP QPTJDJPOFT EF BMUVSB -B CBTF TØMJEB EF BDFSP EF CSJOEB FTUBCJMJEBE 4PMBNFOUF TF WFOEF FO QBSFT 1FTP MCT LH

4PQPSUF DPO 1FEFTUBM 05$ EF 5POFMBEBT

/P 0SEFO

.GS /P J

$BQBDJEBE 5POFMBEBT

1FTP

1FEFTUBMFT QBSB (BUP DPO 3PEPT UJQP $BSSFUJMMB

-PT QFEFTUBMFT TF WFOEFO JOEJWJEVBMNFOUF

$PO DBQBDJEBE EF UPOFMBEBT JEFBM QBSB TVKFUBS HBUPT DPO SPEPT UJQP DBSSFUJMMB "KVTUBCMF B DVBUSP QPTJDJPOFT EF FMFWBDJØO -B CBTF EF BMUB SFTJTUFODJB FTUBCJMJ[B MB DBSHB &MFWBDJØO NÓOJNB FMFWBDJØO NÈYJNB

$VFOUB DPO VOB CBTF EF BDFSP HJSBUPSJB RVF FWJUB FM IVOEJNJFOUP EFM QFEFTUBM FO MB BSFOB P FO FM BTGBMUP /P 0SEFO /P 'BC #

%FTDSJQDJØO 1FEFTUBM QBSB 1MBUBGPSNB #BKB

"MUVSB .ÓOJNB "MUP ½

1FTP MCT LH

/P 0SEFO %FTDSJQDJØO 1FEFTUBMFT QBSB (BUP DPO 3PEPT UJQP $BSSFUJMMB 4F WFOEFO FO QBSFT

t TBMFT!NZFSTUJSFTVQQMZ DPN

1FTP MCT LH


(BUPT (BUP DPO 3PEPT UJQP $BSSFUJMMB

(BUP EF 1BUÓO EF 5POFMBEBT

t $PO DBQBDJEBEFT EF Z MJCSBT

t %PCMF 1JTUØO EF B HPMQFT QBSB BMDBO[BS MB BMUVSB NÈYJNB

t &MFWBDJØO .ÓOJNB EF

(BUPT DPO SPEPT UJQP DBSSFUJMMB DPNQBDUPT Z MJWJBOPT *EFBMFT QBSB UBMMFSFT P QBSB VTP FO DBNJPOFUBT "MUVSB EF FMFWBDJØO EF B $VFOUB DPO VO BTB SFNPWJCMF Z DVNQMF DPO MPT FTUÈOEBSFT "/4* $& /P 0SEFO /P 'BC

%FTDSJQDJØO MJCSBT MJCSBT

"MUVSB .ÓOJNB "MUP ¼ ¼ ¼ ¼

1FTP MCT LH MCT LH

#SB[P EF MFWBOUBNJFOUP SFGPS[BEP DPO CBSSB EF BDFSP JOUFSOB .BOHP FYUSB MBSHP QBSB MFWBOUBS GÈDJMNFOUF MB DBSHB Z QBSB QPTJDJPOBS EFCBKP EF MPT WFIÓDVMPT «OHVMP VOJWFSTBM EF ¡ RVF HBSBOUJ[B MB FMFWBDJØO EF MB DBSHB FO DVBMRVJFS QPTJDJØO 3PEJMMPT USBTFSPT EF BMUB SFTJTUFODJB DPO SPEBNJFOUP UJQP iCPMBw 3PEJMMPT EFMBOUFSPT FYUSB BODIPT &TQFDJGJDBDJPOFT &MFWBDJØO NÓOJNB EF MB BCSB[BEFSB FMFWBDJØO NÈYJNB EF MB BCSB[BEFSB MPOHJUVE EF MB DBSDBTB /P 0SEFO %FTDSJQDJØO (BUP EF 1BUÓO EF ½ 5POFMBEBT

(BUP EF 5POFMBEBT QBSB $BSHB 3ÈQJEB #-"$,)"8,

(BUP EF #BKB "MUVSB EF 5POFMBEBT ".&3*$"/ '03(& '06/%3:

t Su bajo perfi M CSJOEB GÈDJM BDDFTP B EJWFSTPT QVOUPT EF FMFWBDJØO

t $PO EPCMF QJTUØO QBSB SÈQJEB FMFWBDJØO t "MUVSB EF £ QBSa vehículos de bajo perfi M

-B VOJEBE EF EFTWÓP JODPSQPSBEB QSPUFHF FM HBUP EFM TPCSFQFTP $VFOUB DPO SVFEBT HJSBUPSJBT USBTFSBT QBSB GÈDJM DPMPDBDJØO &TQFDJGJDBDJPOFT $BQBDJEBE UPOFMBEBT FMFWBDJØO NÓOJNB FMFWBDJØO NÈYJNB MPOHJUVE EF MB DBSDBTB

&MFWBDJØO SÈQJEB DPO EPCMF QJTUØO

/P 0SEFO %FTDSJQDJØO (BUP EF ½ 5POFMBEBT EF %PCMF 1JTUØO

1FTP MCT LH

1SPUFDUPS QBSB .BOHP EF (BUP

1FTP MCT LH

-B WÈMWVMB EF TFHVSJEBE QSFWJFOF FM TPCSFQFTP $VFOUB DPO SVFEBT HJSBUPSJBT USBTFSBT QBSB GÈDJM DPMPDBDJØO Z NBOHP EF VOB QJF[B DVCJFSUP EF FTQPOKB -B BCSB[BEFSB DPO TFHVSP FWJUB FM EFTMJ[BNJFOUP 5JFOF VO B×P EF HBSBOUÓB &TQFDJGJDBDJPOFT $BQBDJEBE UPOFMBEBT FMFWBDJØO NÓOJNB £ FMFWBDJØO NÈYJNB DBQBDJEBE EF FMFWBDJØO MPOHJUVE EF MB DBSDBTB QFTP MJCSBT /P 0SEFO %FTDSJQDJØO (BUP EF 1BUÓO EF 5POFMBEBT

1FTP MCT LH

(BUP EF %PCMF 1JTUØO EF "MUB 3FTJTUFODJB DPO $BQBDJEBE EF ".&3*$"/ '03(& '06/%3: t $PO EPCMF QJTUØO QBSB SÈQJEB FMFWBDJØO

1SPUFHF MPT WFIÓDVMPT EF SBZPOFT P BCPMMBEVSBT DVBOEP MPT NBOHPT EFM HBUP TF DBFO &M QSPUFDUPS EF IVMF HPNB TJOUÏUJDB EF BMUB EVSBDJØO TF BKVTUB B NBOHPT EF HBUP EF EJWFSTPT UJQPT EF GBCSJDBDJØO 4F BKVTUB UBNCJÏO B MBT IFSSBNJFOUBT NVMUJQSPQØTJUP 5/5 /P 0SEFO /P 'BC ()1

%FTDSJQDJØO 1SPUFDUPS QBSB .BOHP EF (BUP

1BSB BSNBS VO HBUP BTFHÞSFTF EF MP TJHVJFOUF &MFWBDJØO SÈQJEB DPO EPCMF QJTUØO

t -a base del gato debe colocarse en una base fi SNF B OJWFM EFM QJTP t &M HBUP EFCF DFOUSBSTF DPSSFDUBNFOUF t -B DBCF[B EFM HBUP TF EFCF BQPZBS DPOUSa una superfi DJF B OJWFM EFM QJTP t -B GVFS[B EFM FMFWBEPS TF BQMJDB FO GPSNB VOJGPSNF

&M NBOUFOJNJFOUP BQSPQJBEP EF MPT HBUPT FT FTFODJBM QBSB TFHVSJEBE 5PEPT MPT HBUPT EFCFO MVCSJDBSTF FO GPSNB SFHVMBS

-B WÈMWVMB EF TFHVSJEBE QSFWJFOF FM TPCSFQFTP $VFOUB DPO SVFEBT HJSBUPSJBT USBTFSBT QBSB GÈDJM DPMPDBDJØO Z NBOHP EF VOB QJF[B DVCJFSUP EF FTQPOKB -B BCSB[BEFSB DPO TFHVSP FWJUB FM EFTMJ[BNJFOUP 5JFOF VO B×P EF HBSBOUÓB $BQBDJEBE UPOFMBEBT FMFWBDJØO NÓOJNB w FMFWBDJØO NÈYJNB w MPOHJUVE EF MB DBSDBTB QFTP MJCSBT /P 0SEFO %FTDSJQDJØO (BUP EF %PCMF 1JTUØO EF ½ 5POFMBEBT

NZFSTUJSFTVQQMZ DPN

1FTP MCT LH


(BUPT (BUP EF 5POFMBEBT )&*/ 8&3/&3 t $POUJFOF SPEJMMPT USBTFSPT DPO HJSP DPNQMFUP QBSB GÈDJM DPMPDBDJØO t -B WÈMWVMB EF EFTDPNQSFTJØO QSFWJFOF FM TPCSFQFTP t B×PT EF HBSBOUÓB

(BUP )JESÈVMJDP t 3PEPT FYUSB BODIPT QBSB GÈDJM SPEBNJFOUP t 7ÈMWVMB EF %FTCMPRVFP 5JQP .BOHP

-BT QMBDBT MBUFSBMFT DPO SFWFTUJNJFOUP CSJOEBO NBZPS GVFS[B -B CPNCB QFSNJUF VOB PQFSBDJØO FGJDJFOUF $VFOUB DPO VOB CPNCB IJESÈVMJDB TFMMBEB QBSB NBZPS EVSBCJMJEBE #SB[P EF FMFWBDJØO EF IJFSSP GVOEJEP QBSB DBSHBT NVZ QFTBEBT &TQFDJGJDBDJPOFT $BQBDJEBE UPOFMBEBT FMFWBDJØO NÓOJNB £ FMFWBDJØO NÈYJNB QJFT DBQBDJEBE EF FMFWBDJØO žw MPOHJUVE EF DBSDBTB £ BODIP FOUSF SVFEBT ›w BMUP EF MB DBSDBTB ž EJÈNFUSP EF MB BCSB[BEFSB £ MPOHJUVE EFM NBOHP QFTP MJCSBT /P 0SEFO /P 'BC )8

%FTDSJQDJØO (BUP EF 5POFMBEBT

1FTP MCT LH

(BUP EF 5POFMBEBT QBSB 7FIÓDVMP 5PEPUFSSFOP 467 )&*/ 8&3/&3

%VSBOUF B×PT IB EBEP TFSWJDJP EF FMFWBDJØO TJO QSPCMFNBT 6TBEP GSFDVFOUFNFOUF FO FTUBDJPOFT EF TFSWJDJP Z UBMMFSFT $POTUSVJEP FO BDFSP TPMEBEP DPO SPEPT USBTFSPT EF BMUB SFTJTUFODJB DPO SPEBNJFOUP UJQP iCPMBw QBSB GÈDJM DPMPDBDJØO -B WÈMWVMB EF TFHVSJEBE QSFWJFOF FM FYDFTP EF DBSHB

t $IBTJT NÈT MBSHP JEFBM QBSB DBNJPOFT Z WFIÓDVMPT UPEPUFSSFOP t B×PT EF HBSBOUÓB

/P 0SEFO

&TUSVDUVSB EF BMUB SFTJTUFODJB QBSB VTP FO TJUJPT DPNQMJDBEPT $VFOUB DPO VO NFDBOJTNP EF KVOUBT VOJWFSTBMFT QBSB MJCFSBS MB QSFTJØO Z BTFHVSBS VO DPOUSPM QSFDJTP EF MB DBSHB &TQFDJGJDBDJPOFT $BQBDJEBE UPOFMBEBT FMFWBDJØO NÓOJNB FMFWBDJØO NÈYJNB DBQBDJEBE EF FMFWBDJØO MPOHJUVE EF DBSDBTB £ BODIP FOUSF SVFEBT › BMUP EF MB DBSDBTB ž EJÈNFUSP EF MB BCSB[BEFSB £ MPOHJUVE EFM NBOHP w QFTP MJCSBT /P 0SEFO /P 'BC )8

%FTDSJQDJØO (BUP EF 5POFMBEBT

/P 0SEFO

(BUPT )JESÈVMJDPT EF "JSF .BOVBMFT )&*/ 8&3/&3 t .PEFMPT EF Z UPOFMBEBT

%FTDSJQDJØO +VOUB 6OJWFSTBM 3VFEBT (JSBUPSJBT DBEB VOB

&OTBNCMBKF EF MB CPNCB /P 0SEFO

t .PEFMPT EF Z UPOFMBEBT

$BQBDJEBE 4BEEMF 5POFMBEBT #BKP ¾

"MUVSB ¾ ½

$IBTTJT -POHJUVE ¼

/P 'BC )8 )8

$BQBDJEBE 4BEEMF 5POFMBEBT #BKP ¾

"MUVSB ¾ ½

$IBTTJT -POHJUVE

1FTP MCT LH MCT LH

"CTPSCFOUF 4FHVSP 4"'& 5 403#

%JTF×BEPT QBSB VTP FO BVUPNØWJMFT Z DBNJPOFT MJWJBOPT .BOHP BKVTUBCMF EF USFT QPTJDJPOFT DPO BMDBODF BEJDJPOBM Z SPEPT BODIPT SFGPS[BEPT QBSB NBZPS GVFS[B Z FTUBCJMJEBE $VFOUBO DPO VO CSB[P EF FMFWBDJØO GVOEJEP QBSB NBZPS SFTJTUFODJB 5JFOFO NBOHP FO GPSNB EF i5w Z CPNCB EF QJTUØO EF EPCMF FGFDUP *ODMVZFO WÈMWVMB BVUPNÈUJDB EF TFHVSJEBE EF TPCSFDBSHB CBSSB DPO NPWJNJFOUP HJSBUPSJP DPNQMFUP VOJEBEFT EF TFMMBEP IJESÈVMJDP Z SPEPT DPO SPEBNJFOUP UJQP iCPMBw

1FTP MCT LH MCT LH MCT LH

&TUF HBUP EF BJSF NBOVBM PQFSB UBOUP NBOVBMNFOUF DPNP DPO BJSF &M QBRVFUF QBUFOUBEP i4QFFE 1BLw FWJUB FM CPNCFP EFM NBOHP P NBOJKB Z SFEVDF FM UJFNQP EF FMFWBDJØO &M HBUP PQFSB CBKP QSFTJØO OPSNBM QTJ QBSB DBQBDJEBE EF DBSHB MB DBSHB TF NBOUJFOF FO TV MVHBS IJESÈVMJDBNFOUF 5JFOFO NBOHP FO GPSNB EF i5w Z CPNCB EF QJTUØO EF EPCMF FGFDUP -B NBOHVFSB EF BJSF QVFEF EFTDPOFDUBSTF QBSB PUSPT VTPT

(BUPT )JESÈVMJDPT )&*/ 8&3/&3

/P 0SEFO /P 'BC )8 )8

$IBTTJT -POHJUVE ¼

"MUVSB

1FTP

/P 'BC )8 )8 )8

4BEEMF #BKP ½

MCT LH

1BSUFT 3FQVFTUPT QBSB (BUP EF Z 5POFMBEBT )&*/ 8&3/&3

$BQBDJEBE 5POFMBEBT

t #PMTB EF MJCSBT

1FTP MCT LH MCT LH

"CTPSCF MÓRVJEP EFSSBNBEP RVF QVFEF DBVTBS BDDJEFOUFT FO GPSNB GÈDJM Z SÈQJEB "EFDVBEP QBSB DVBMRVJFS TVQFSGJDJF EF DPODSFUP 'ÈDJM EF VTBS Z USBOTQPSUBS /P 0SEFO /P 'BC *.$;03#"--

%FTDSJQDJØO 403# #PMTB EF MJCSBT

t TBMFT!NZFSTUJSFTVQQMZ DPN

1FTP MCT LH


(BUPT /FVNÃUJDPT )JESÃVMJDPT (BUP /FVNÈUJDP )JESÈVMJDP EF 5POFMBEBT ".&3*$"/ '03(& '06/%3:

(BUP /FVNÈUJDP )JESÈVMJDP EF 5POFMBEBT

t .FDBOJTNP EF SFUPSOP EPCMF DPO SFTPSUF t &M LJU DPO FYUFOTJØO VUJMJ[B BSBOEFMBT EF IVMF MP DVBM FMJNJOB FM VTP EF UPSOJMMPT DPO IPSRVJMMBT

t 3FUPSOP EF 3FTPSUF %PCMF t .BOHP EF VOB QJF[B t &MFWBDJØO NÓOJNB EF

*ODMVZF +VFHP EF BEBQUBEPSFT Z TPQPSUF

*ODMVZF KVFHP EF USFT BEBQUBEPSFT Z VO TPQPSUF 3FUPSOP EF 3FTPSUF %PCMF

*ODMVZF USFT BEBQUBEPSFT BEJDJPOBMFT Z VO TPQPSUF *EFBM QBSB VTP FO OFVNÈUJDPT Z SVFEBT EF DBNJPOFT USBDUPSFT Z WFIÓDVMPT GVFSB EF DBSSFUFSB 053 QPS TVT TJHMBT FO JOHMÏT 4V NBOHP MBSHP EF w TF CMPRVFB DPO VO TFHVSP FO USFT QPTJDJPOFT EJTUJOUBT MP DVBM QFSNJUF VO GÈDJM NBOFKP EF MB NÈRVJOB 5JFOF SVFEBT EF QBSB VO GÈDJM NPWJNJFOUP &MFWBDJØO NÓOJNB FMFWBDJØO NÈYJNB MPOHJUVE EF MB DBSDBTB /P 0SEFO /P 'BC "+ $

%FTDSJQDJØO (BUP /FVNÈUJDP )JESÈVMJDP EF 5POFMBEBT

1FTP MCT LH

"EBQUBEPSFT EF 3FQVFTUP Z 1BSUFT QBSB (BUP )JESÈVMJDP EF 5POFMBEBT 'MFFUMJOF

"

#

$

*ODMVZF BEBQUBEPSFT EF £ £ Z w Z USFT TPQPSUFT 'JMUSP JODPSQPSBEP Z MVCSJDBEPS QSPUFHFO Z FOHSBTBO FM NPUPS OFVNÈUJDP &M NBOHP EF VOB QJF[B TF CMPRVFB FO USFT QPTJDJPOFT EJGFSFOUFT $VFOUBO DPO SVFEBT EF £w QBSB GÈDJM NPWJNJFOUP Z VCJDBDJØO 5JFOF VO NPUPS OFVNÈUJDP GBCSJDBEP DPO DPNCJOBDJØO EF BMVNJOJP SFTJTUFOUF B MB DPSSPTJØO Z OZMPO BTÓ DPNP VOB QBSFE DPO DJMJOESP SFTJTUFOUF BM DBMPS Z VO QJTUØO DSPNBEP "MUVSB NÓOJNB BMUVSB NÈYJNB /P 0SEFO

%FTDSJQDJØO (BUP /FVNÈUJDP )JESÈVMJDP EF 5POFMBEBT

1FTP MCT LH

/03$0 5PO #BKP 1FSGJM +BDL 4UBOET

%

$PMVNOB EF TPQPSUF 1JO 5JQP DPO DVBUSP QPTJDJPOFT EF BMUVSB #BTF TØMJEB EF BDFSP EF QSPQPSDJPOB FTUBCJMJEBE 4F WFOEFO ÞOJDBNFOUF QPS QBSFT /P 0SEFO

/P 'BC "+ "+ " "+ # "+ $ "+ % "+ $ "+ $ "+ $ "+ # $

%FTDSJQDJØO 4FU EF &YUFOTJPOFT EF QJF[BT &YUFOTJØO " ¾w "MUP Y ¾w %JÈNFUSP &YUFOTJØO # ¾w "MUP Y w %JÈNFUSP &YUFOTJØO $ w "MUP Y w %JÈNFUSP &YUFOTJØO % "MUP Y w %JÈNFUSP $POKVOUP $PNQMFUP EF .BOHPT 3VFEB 1BMBODB EF #MPRVFP ,JU 1MÈTUJDP EF 3FQBSBDJØO ,JU .FUÈMJDP EF 3FQBSBDJØO

1FTP MCT LH MCT LH MCT LH MCT LH MCT LH

/P 0SEFO

/P 'BC J

$BQBDJEBE 5POFMBEBT

"MUVSB .ÓOJNB "MUP

1FTP

"DFJUF QBSB (BUP )JESÈVMJDP

"EJUJWPT FTQFDJBMFT QBSB QSFWFOJS MB GPSNBDJØO EF FTQVNB Z EF ØYJEP "TFHVSB MB BDDJØO BEFDVBEB EF MB WÈMWVMB CBKP UFNQFSBUVSBT EJWFSTBT /P 0SEFO

/P 'BC . .

NZFSTUJSFTVQQMZ DPN

5BNB×P $VBSUP (BMØO


(BUPT /FVNÃUJDPT )JESÃVMJDPT (BUP /FVNÈUJDP )JESÈVMJDP EF 5POFMBEBT )&*/ 8&3/&3

(BUP /FVNÈUJDP )JESÈVMJDP EF 5POFMBEBT ("*5)&3

%JTF×P QPUFOUF DPNQBDUP Z QPSUÈUJM 3PEPT EF IVMF HPNB EF QBSB GÈDJM NBOJPCSBCJMJEBE 4V DPSUB BMUVSB QFSNJUF FMFWBDJØO EF FKFT P EF TVTQFOTJØO 7ÈMWVMB EF TFHVSJEBE EF TPCSFDBSHB JODPSQPSBEB

&TQFDJGJDBDJPOFT $BQBDJEBE UPOT DBSSFSB EFM IVTJMMP BMUVSB FYUFOTJCMF MPOHJUVE EFM DIBTJT

/P 0SEFO

/P 'BC )8

$BQBDJEBE 5POFMBEBT

"MUVSB .ÓOJNB ½

)JHI

1FTP MCT LH

*ODMVZF QMBUBGPSNBT FYUFOTJCMFT EF Z &TQFDJGJDBDJPOFT $BQBDJEBE UPOFMBEBT QPS NJOVUP BMUVSB w MPOHJUVE EF MB DBSSFSB EF w QSFTJØO EF BJSF SFRVFSJEB QTJ %FTDSJQDJØO (BUP EF 5POFMBEBT

1FTP MCT LH

1FTP MCT LH

/P 0SEFO

.GS /P "

$BQBDJEBE 5POFMBEBT

"MUVSB .ÓOJNB )JHI ½

1FTP MCT LH

t -B CBUFSÓB EF MJUJP JØO NBOUJFOF VOB DBSHB QPS NÈT UJFNQP TJO FGFDUP NFNPSJB t $VFSQP F JOUFSSVQUPS JNQFSNFBCMF t 6TP EF IPSBT

1JTUØO SFUSÈDUJM BVUPNÈUJDP BDDJPOBEP QPS BJSF QVFEF VUJMJ[BSTF DPO MB CPNCB EF BJSF EFM UBMMFS 4F CMPRVFB DPO TFHVSP FO USFT QPTJDJPOFT EJGFSFOUFT EFTEF MB QPTJDJØO WFSUJDBM IBTUB MB IPSJ[POUBM &TUÈ DVCJFSUP QPS MB HBSBOUÓB 05$ i-JGFUJNF .BSBUIPOw &TQFDJGJDBDJPOFT $BQBDJEBE UPOFMBEBT SBOHP EF FYUFOTJØO EFTBUPSOJMMBCMF SFUSBDUBEB B SBOHP EF FMFWBDJØO EF FYUFOTJØO BCJFSUB w B w DBSSFSB EFM DJMJOESP w SFRVJFSF QTJ

)JHI ½

-VDFT EF 5SBCBKP EF -&%

t $BQBDJEBE EF UPOFMBEBT

%FTDSJQDJØO 6OEFS "YMF +BDL

"MUVSB .ÓOJNB ¼

4F QVFEF VUJMJ[BS DPNP VO HBUP EF UPOFMBEBT BDDJPOBEP DPO BJSF Z UBNCJÏO DPNP VOB QMBUBGPSNB 4F VUJMJ[B FO QBSFT QBSB USBCBKPT EF FMFWBDJØO EF WFIÓDVMPT QFTBEPT $BSSFSB EF c w $BQBDJEBE EF UPOFMBEBT B QTJ FMFWBDJØO NÈYJNB BODMBEP FO FM BHVKFSP TVQFSJPS DPO FYUFOTJØO

(BUP /FVNÈUJDP QBSB &KF *OGFSJPS 05$

/P 0SEFO

$BQBDJEBE 5POFMBEBT

t $BQBDJEBE EF UPOFMBEBT

t .BOHP EF VOB QJF[B EF w

/P 'BC

/P 'BC (5

(BUP /FVNÈUJDP Z 1MBUBGPSNB " 05$

(BUP /FVNÈUJDP )JESÈVMJDP EF 5POFMBEBT ".&

/P 0SEFO

/P 0SEFO

1FSNJUF MJCFSUBE EF NPWJNJFOUP Z USBCBKBS TJO QSFPDVQBSTF QPS DBCMFT FOSFEBEPT (BODIP HJSBUPSJP EF OZMPO EF ¡ FO MB DBCF[B -BT MVDFT EF -&% VMUSBCSJMMBOUFT EF MBSHB EVSBDJØO PGSFDFO VOB JMVNJOBDJØO CMBODB QVSB Z EJSJHJEB IBDJB BEFMBOUF -PT -&% HFOFSBO NVZ QPDP DBMPS &M UJFNQP EF SFDBSHB EF IPSBT PGSFDF IBTUB IPSBT EF GVODJPOBNJFOUP DPOUJOVP #BUFSÓB EF MJUJP SFDBSHBCMF EF 7 *ODMVZF VO JOEJDBEPS EF DBSHB EF -&% &M EJTF×P EFMHBEP QFSNJUF FM BDDFTP B ÈSFBT FTUSFDIBT 1FTP MCT LH

/P 0SEFO %FTDSJQDJØO -V[ EF JOTQFDDJØO -&% TJO DBCMFT

t TBMFT!NZFSTUJSFTVQQMZ DPN


&MFWBEPSFT "VYJMJBSFT &4$0 .BNNVU +BDLT

&MFWBEPS "VYJMJBS QBSB $BNJØO Z 3FNPMRVF 5SÈJMFS 05$

t B UPOFMBEBT DBQBDJEBEFT t $POUSPM SFNPUP Z KVFHPT EF CPNCBT NBOVBMFT EJTQPOJCMFT t "NQMJB HBNB EF FYUFOTJPOFT EJTQPOJCMFT

$VFOUB DPO QFTUJMMPT EF TFHVSJEBE BVUPNÈUJDPT DPO SFTPSUF EF DJODP QPTJDJPOFT PQFSBEPT NBOVBMNFOUF QBSB CBKBS MB DBSHB 5JFOF EPT SPEPT HSBOEFT HJSBUPSJPT Z OFVNÈUJDPT QBSB GÈDJM DPMPDBDJØO FO UFSSFOP EJTQBSFKP P HSBWB "CSB[BEFSBT DPO BMUP Z BODIP BKVTUBCMFT &M QJTUØO EF BMUB SFTJTUFODJB JODMVZF VO BOJMMP EF EFTHBTUF TFMMBEPT QBSB MBSHB EVSBDJØO $BQBDJEBE EF FMFWBDJØO UPOFMBEBT B QTJ

/P 0SEFO

5PEPT MPT NPEFMPT TPO IJESP OFVNÈUJDB EF F JODMVZFO VOB WÈMWVMB EF CBKBEB EVBM QBSB NBZPS DPOUSPM BM TPQPSUF EF QFTP Z EF SFUPSOP EFM QJTUØO BVUPNÈUJDP $BEB HBUP UJFOF VO BTB QMFHBCMF OFVNÈUJDPT BODIPT Z HBODIPT QBSB USBOTQPSUF /P 0SEFO

/P 'BC

$BQBDJEBE 5POFMBEBT

"MUVSB .ÓOJNB "MUP ½ ½

1SFTJØO EF "JSF /FDFTBSJB 14*

/P 'BC

$BQBDJEBE 5POFMBEBT

"MUVSB .ÓOJNB "MUP

1FTP MCT LH

&MFWBEPS /FVNÈUJDP "VYJMJBS )&*/ 8&3/&3

1FTP MCT LH MCT LH MCT LH MCT LH MCT LH

5JUVMBSFT EF FYUFOTJØO

5JUVMBSFT EF CMPRVF /P 0SEFO

/P 'BC

&M CMPRVFP ,JUT

&YUFOTJØO

%FTDSJQDJØO DPOUSPM 3FNPUP #PNCB .BOVBM #MPRVF EF TFHVSJEBE . ' GPS #MPRVF EF TFHVSJEBE . ' ½ GPS #MPRVF EF TFHVSJEBE . ' GPS #MPRVF EF TFHVSJEBE . ' ½ GPS #MPRVF EF TFHVSJEBE ' ' GPS #MPRVF EF TFHVSJEBE ' ' ½ GPS FYUFOTJØO GPS FYUFOTJØO GPS FYUFOTJØO GPS FYUFOTJØO GPS FYUFOTJØO GPS FYUFOTJØO GPS FYUFOTJØO GPS FYUFOTJØO GPS FYUFOTJØO GPS 5JUVMBSFT EF FYUFOTJØO - GPS 5JUVMBSFT EF FYUFOTJØO 3 GPS 5JUVMBSFT EF FYUFOTJØO - GPS 5JUVMBSFT EF FYUFOTJØO 3 GPS #MPDL )PMEFS GPS #MPDL )PMEFS GPS -PDLJOH ,JU GPS *ODM &BDI -PDLJOH ,JU GPS *ODM &BDI

1BSB DBSHBT MJWJBOBT NFEJBOBT P QFTBEBT &M NPEFMP EF UPOFMBEBT DVFOUB DPO QPTJDJPOFT DPCFSUPS EF BCSB[BEFSB TFHVSP EF CMPRVFP EF QPTJDJPOFT NÞMUJQMFT QBSB FWJUBS MB DBÓEB EF MB DBSHB SPEPT GSPOUBMFT BDDJPOBEPT QPS SFTPSUF TPQPSUFT UJQP i7w QBSB NBZPS GJSNF[B &M NPEFMP EF UPOFMBEBT UJFOF VOB CBTF BODIB QBSB FTUBCJMJEBE Z CSB[PT EF FMFWBDJØO BKVTUBCMFT B EJWFSTBT QPTJDJPOFT /P 0SEFO

/P 'BC )8 )8

$BQBDJEBE 5POFMBEBT 2½

1JDLVQ "MUVSB .ÓOJNB "MUP ¼" ½ ½

1FTP MCT LH MCT LH

&MFWBEPS QBSB DBNCJP EF &NCSBHVFT $MPDIFT Z 7PMBOUFT EF *OFSDJB EF $BNJPOFT #BKPT 05$ t 4F BKVTUB B FTUSVDUVSBT EF FNCSBHVFT DMPDIFT EF Z › DPO VO QFTP EF IBTUB MJCSBT

&TUB VOJEBE DPO EJTF×P FTQFDJBM FMFWB MB DBSHB EF VOB QPTJDJØO IPSJ[POUBM IBTUB VOB QPTJDJØO WFSUJDBM B NFEJEB RVF TF BDDJPOB MB CPNCB -B FMFWBDJØO NÓOJNB EF QFSNJUF BDDFTP EFCBKP EFM DBSFOBEP MBUFSBM "M FMFWBSTF FM FKF EFM FNCSBHVF DMPDIF BMDBO[B VOB BMUVSB EF ž $VFOUB DPO VOB DBCF[B HJSBUPSJB EF ¡ /P 0SEFO /P 'BC

%FTDSJQDJØO &MFWBEPS QBSB DBNCJP EF &NCSBHVFT $MPDIFT Z 7PMBOUFT EF *OFSDJB EF $BNJPOFT

NZFSTUJSFTVQQMZ DPN

1FTP MCT LH


(BUPT QBSB 5SBOTNJTJร O (BUPT )JESร VMJDPT QBSB 5SBOTNJTJร O

(BUP #BKP QBSB 5SBOTNJTJร O " 05$ t $BQBDJEBE EF MJCSBT

4F DPMPDB Gร DJMNFOUF EFCBKP EFM DBNJร O TJO JODPNPEBS BM Uร DOJDP #PNCB DPO NBOJKB HJSBUPSJB JEFBM QBSB VTP FO FTQBDJPT FTUSFDIPT EF USBCBKP -PT BHBSSBEPSFT FO DBEB VOP EF MPT FYUSFNPT QFSNJUFO Gร DJM NPWJNJFOUP Z DPMPDBDJร O EF FTUB Nร RVJOB *ODMVZF QMBDB BEBQUBEPSB QBSB USBOTNJTJPOFT EF &BUPO 'VMMFS Z 3PBE3BOHFS EF DBNJPOFT $MBTF Z /P 0SEFO

/P 'BC

1JDLVQ "MUVSB $BQBDJEBE 5POFMBEBT .ร OJNB )JHI ยผ" ยฝ 4PQPSUF QBSB .POUBKF 0QDJPOBM QBSB 5SBOTNJTJPOFT EF MB 4FSJF 5

1FTP MCT LH MCT LH

(BUP QBSB 5SBOTNJTJร O UJQP 1BUร O $BQBDJEBE 5POFMBEB )&*/ 8&3/&3 t 3PEPT DPO HJSP EF ยก t "ร PT EF HBSBOUร B

%JTFร BEP QBSB USBOTNJTJPOFT EF WFIร DVMPT QFTBEPT DPNP 4QJDFS Z USBOTNJTJPOFT EF UPSRVF EJWJEJEPT 445 QPS TVT TJHMBT FO JOHMร T EF MBT TFSJFT .BDL 5 Z .BYJUPSRVF "MMJTPO "5 .5 Z )5 $MBSL $- Z $- .FSDFEFT UJQP ( Z ( 7PMWP NPEFMPT 4 Z 3 *WFDP NPEFMPT Z &M EJTFร P FO GPSNB EF FTQPMFUB QFSNJUF B MB Nร RVJOB NBZPS NPWJMJEBE &TUSVDUVSB EF BDFSP *ODMVZF DBEFOB P TPQPSUF EF MB DBSHB )FDIP FO &TUBEPT 6OJEPT &TQFDJGJDBDJPOFT $BQBDJEBE UPOFMBEB FMFWBDJร O Nร OJNB w FMFWBDJร O Nร YJNB w MPOHJUVE EF MB DBSDBTB w BODIP EF MB DBSDBTB w JODMJOBDJร O GSPOUBM ยก JODMJOBDJร O USBTFSB ยก JODMJOBDJร O MBUFSBM J[RVJFSEB Z EFSFDIB ยก /P 0SEFO /P 'BC )8

%FTDSJQDJร O (BUP QBSB 5SBOTNJTJร O EF 5POFMBEB

1FEFTUBM DPO &KF EF "MUB 3FTJTUFODJB

1FTP MCT LH

1MBUBGPSNB DPO #BTF "MUB

/P 0SEFO $BQBDJEBE 5POFMBEBT 1FTP MCT LH

5POT $BQBDJEBE ยฝ ยฝ

"MUVSB .ร OJNB ยฝ"

"MUVSB .ร YJNB ยฝ"

-POHJUVE 5PUBM ยฝ" ยฝ"

1FTP MCT LH MCT LH MCT LH

t $BQBDJEBE EF MJCSBT

&TUSVDUVSB MJWJBOB QBSB Gร DJM NBOFKP FO FTQBDJPT SFEVDJEPT .BOHP HJSBUPSJP EF Sร QJEP BKVTUF DPO DPKJOFUF EF FNQVKF RVF FWJUB FM EFTHBTUF Z HJSB Gร DJMNFOUF DPO DBSHB %Jร NFUSP EF MB CBTF QVMHBEBT .ร OJNB .BY /P 0SEFO "MUVSB "MUVSB ยผ" ยฝ

/P 0SEFO

1MBUBGPSNBT QBSB .PUPS 'MFFUMJOF 1SPGFTTJPOBM

t $BQBDJEBE EF ยฃ EF UPOFMBEB

#SJOEB TPQPSUF B MBT QBSUFT EFM WFIร DVMP $POTUSVJEP B CBTF EF BDFSP #BTF FO GPSNB EF USร QPEF EF QVMHBEBT EF BODIP QBSB CSJOEBS FTUBCJMJEBE B MB DBSHB

5PEPT MPT NPEFMPT DVFOUBO DPO VOB BCSB[BEFSB VOJWFSTBM DPNQMFUBNFOUF BKVTUBCMF DPO TPQPSUFT BOHVMBSFT BKVTUBCMFT Z DBEFOB EF TFHVSJEBE *ODMVZF CPNCB DPO NBOHP HJSBUPSJP EF ยก MP DVBM QFSNJUF TV BDDJPOBNJFOUP FO UPEBT MBT QPTJDJPOFT 4JTUFNB EF TFHVSJEBE DPO EFTWร P QSFWJFOF EBร PT BM DJMJOESP $VFOUB DPO SPEPT HJSBUPSJPT DPO SPEBNJFOUP UJQP iCPMBw QBSB Gร DJM DPMPDBDJร O *ODMVZF VOB BQMJDBDJร O EF TFHVSJEBE EF TPCSFDBSHB MP DVBM QSFWJFOF TV VTP QBSB VOB DBSHB NBZPS B MB DBQBDJEBE EF DBSHB OPNJOBM &M QJTUร O DSPNBEP FWJUB RVF FM TJTUFNB IJESร VMJDP TF PYJEF &M NPEFMP DVBOUB DPO VOB CPNCB EF EPCMF FUBQB

1FTP MCT LH

$BCF[B EF NPOUBKF UPUBMNFOUF BKVTUBCMF B NPUPSFT -B DBCF[B HJSBUPSJB EF ยก QFSNJUF DPMPDBS FM NPUPS FO MB QPTJDJร O EF USBCBKP EFTFBEB -B FTUSVDUVSB UVCVMBS EF BDFSP QSFWJFOF MB FYDFTJWB GMFYJCJMJEBE EF MB VOJEBE 5JFOF USFT SVFEBT Sร HJEBT QPTUFSJPSFT DPO EJร NFUSP EF Z EPT SVFEBT GSPOUBMFT HJSBUPSJBT DPO EJร NFUSP EF /P 0SEFO $BQBDJUZ MCT

-POHJUVE ยฝ

"ODIP

t TBMFT!NZFSTUJSFTVQQMZ DPN

"MUVSB ยฝ

1FTP MCT LH


)FSSBNJFOUBT EF 4FSWJDJP $BSSFUJMMB QBSB /FVNÈUJDPT

$BSSFUJMMB QBSB /FVNÈUJDPT ("*5)&3

t $BQBDJEBE EF FMFWBDJØO EF MJCSBT t Diseñada específi DBNFOUF QBSB VTP DPO OFVNÈUJDPT i4VQFS 4JOHMFw Z EF "MUB 'MPUBDJØO

t $BQBDJEBE EF MJCSBT

4VT SPEJMMPT EF EF BODIP DPMPDBO IBTUB MPT OFVNÈUJDPT i4VQFS 4JOHMFw NÈT HSBOEFT 5JFOF VOB DPOTUSVDDJØO UVCVMBS EF BMUB SFTJTUFODJB %JTNJOVZF MB DBOUJEBE EF MFTJPOFT EF MB FTQBMEB F JOEFNOJ[BDJPOFT B USBCBKBEPSFT BTPDJBEBT DPO FM DBNCJP EF OFVNÈUJDPT /P 0SEFO /P 'BC

%FTDSJQDJØO $BSSFUJMMB QBSB /FVNÈUJDPT

1FTP MCT LH

4F BKVTUB B UPEPT MPT UBNB×PT EF OFVNÈUJDPT JODMVZFOEP MPT OFVNÈUJDPT i4VQFS 4JOHMFw Z OFVNÈUJDPT QFRVF×PT GVFSB EF DBSSFUFSB 053 QPS TVT TJHMBT FO JOHMÏT -PT SPEPT TF BKVTUBO B OFVNÈUJDPT EF B $POTUSVJEPT DPO BDFSP EF BMUB SFTJTUFODJB /P 0SEFO /P 'BC (

%FTDSJQDJØO $BSSFUJMMB QBSB /FVNÈUJDPT

1FTP MCT LH

1BMBODB *OUFMJHFOUF t $BSSFUJMMB QBSB /FVNÈUJDPT Z 3VFEBT

1SFOTB )JESÈVMJDB EF 5POFMBEBT t 3FTPSUFT EF SFUPSOP EF BMUB SFTJTUFODJB QBSB SÈQJEB EFUSBDDJØO EFM QJTUØO t $POTUSVDDJØO EF BDFSP TPMEBEP t (BUP EF #PUFMMB JODMVJEP

6OJEBE BVUØOPNB EF BMJNFOUBDJØO Z WÈMWVMB EF TPCSFQSFTJØO JODPSQPSBEB *ODMVZF EPT IVTJMMPT FYUFOTJCMFT Z EPT IVTJMMPT TFQBSBEPSFT /P 0SEFO

$BQBDJUZ 5PO

4USPLF

1SFTT #BTF #FE "ODIP "MUVSB ¼

%FTNPOUF Z SFFNQMBDF OFVNÈUJDPT EF IBTUB MJCSBT GÈDJMNFOUF &TUSVDUVSB UVCVMBS EF BDFSP EF BMUB SFTJTUFODJB B MB UFOTJØO $POUJFOF TPQPSUF RVF QFSNJUF HVBSEBSMB DVBOEP OP TF FTUÈ VUJMJ[BOEP )FDIB FO &TUBEPT 6OJEPT "ODIP ½

1FTP MCT LH

1MBUBGPSNB .ØWJM DPO 3PEPT QBSB /FVNÈUJDPT EF 7FIÓDVMPT "HSÓDPMBT

/P 0SEFO /P 'BC .% )%

%FTDSJQDJØO 4FSWJDJP .FEJP 4FSWJDJP 1FTBEP

/FVNÈUJDP %JÈNFUSPT 5P 5P

1FTP MCT LH MCT LH

$BSSFUJMMB QBSB /FVNÈUJDPT t 1BSB FM VTP DPO UPEPT MPT Z OFVNÈUJDPT

t $BQBDJEBE EF MJCSBT QBSB SVFEBT EF WFIÓDVMPT BHSÓDPMBT Z NVFWFUJFSSBT

-B QVOUB EF MB CJFMB NBOUJFOF MB SVFEB CBMBODFBEB 6O TJTUFNB IJESÈVMJDP EF EPCMF BDDJPOBNJFOUP DPO VO JOUFSSVQUPS EF NPEBMJEBE iNBOPT MJCSFTw QFSNJUF VO DPOUSPM BEFDVBEP EF MB FMFWBDJØO Z EFM EFTDFOTP $VFOUB DPO SVFEBT HSBOEFT GSPOUBMFT EF Z SVFEBT USBTFSBT EF Y 0QFSB DPO OFVNÈUJDPT EF B EF EJÈNFUSP Z IBTUB EF EF QSPGVOEJEBE /P 0SEFO /P 'BC %FTDSJQDJØO 1FTP 1MBUBGPSNB .ØWJM DPO SPEPT QBSB /FVNÈUJDPT EF 7FIÓDVMPT "HSÓDPMBT MCT LH

"ZVEB FO MB FMJNJOBDJØO Z TVTUJUVDJØO EF DPOKVOUPT EF OFVNÈUJDPT QFTBEPT &M SPEJMMPT BDPNPEB OFVNÈUJDPT EF QFSGJM CBKP /P 0SEFO /P 'BC

%FTDSJQDJØO $BSSFUJMMB QBSB /FVNBUJDPT

NZFSTUJSFTVQQMZ DPN

1FTP MCT LH


(BUPT &TQFDJBMJ[BEPT %FTNPOUBEPS Z 4PTUFOFEPS EF 3VFEBT QBSB 3VFEBT EF $VCP 1JMPUFBEBT ,*&/&

$BSSFUJMMB QBSB &NCSBHVF $MPDIF ,*&/& t "ZVEB B QSFWFOJS MBT MFTJPOFT EF MB FTQBMEB 6O NFDÈOJDP QVFEF IBDFS SPEBS VO FNCSBHVF DMPDIF QFTBEP EFCBKP EF VO DBNJØO FMFWBSMP DPMPDBSMP F JOTUBMBSMP &TUB DBSSFUJMMB CSJOEB BM FNCSBHVF DMPDIF VO HJSP EF ¡ EÈOEPMF MB GMFYJCJMJEBE EF EFTQMB[BSTF FO VO ÈSFB DPO PCTUÈDVMPT FO TJUJPT DPO QPDP FTQBDJP 5JFOF VOB FMFWBDJØO NÓOJNB TVGJDJFOUF QBSB EFTQMB[BSTF EFCBKP EF VO DBNJØO &MFWBDJØO NÈYJNB EF

/P /P 0SEFO 'BC

%FTDSJQDJØO $BSSFUJMMB QBSB &NCSBHVF $MPDIF *ODMVZF "EBQUBEPS }QBSB $$ &NCSBHVFT $MPDIFT EF w Z ½w DPO FKF EF w

1FTP MCT LH

"DDFTPSJPT 0QDJPOBMFT $BSSFUJMMB QBSB &NCSBHVF $MPDIF

3FNVFWF GÈDJMNFOUF SVFEBT EF DVCP QJMPUFBEBT BEIFSJEBT B FKFT EF EJSFDDJØO FKFT EF USBOTNJTJØO Z FKFT EF SFNPMRVF USÈJMFS "MHVOPT UBMMFSFT QSFTFOUBO QSPCMFNBT FO MPT TFSWJDJPT EF DBNJPOFT DPO SVFEBT EVBMFT ' Z ' &M %FTNPOUBEPS " , DPO DBEFOBT EF BDFSP Z FM EBEP 88 QVFEFO SFTPMWFS FTPT QSPCMFNBT 4F BEBQUBO B SVFEBT EF BDFSP P EF BMVNJOJP &OHBODIF MBT DBEFOBT B MPT PSJGJDJPT EF MB SVFEB TVKFUF MPT HBODIPT BM %FTNPOUBEPS EF 3VFEBT Z DFOUSF FM EBEP SFTQFDUP BM FKF EF MB SVFEB 6TF VOB QJTUPMB EF JNQBDUP FO FM UPSOJMMP EF EFTNPOUBKF QBSB BQSFUBS MBT DBEFOBT EF NBOFSB VOJGPSNF IBTUB EFTNPOUBS MB SVFEB &M %FTNPOUBEPS JODMVZF MB FMFDDJØO EF DBEFOBT QBSB SVFEBT EF BDFSP P EF BMVNJOJP Z EF VO EBEP QBSB DVCP RVF TF BKVTUB B FKFT EF EJSFDDJØO EF USBOTNJTJØO P EF SFNPMRVF USÈJMFS "M PSEFOBS FTQFDJGJRVF TJ TVT SVFEBT TPO EF BDFSP P EF BMVNJOJP Z FM UJQP EF FKF QBSB FM RVF SFRVJFSF FM EBEP 4J OFDFTJUB DBEFOBT P EBEPT BEJDJPOBMFT PSEÏOFMPT PQDJPOBMNFOUF /P 0SEFO $BEFOBT &ODIVGFT

/P 'BC %FTDSJQDJØO &M %FTNPOUBEPS 4PTUFOFEPS EF 3VFEBT *ODMVZF MB &MFDDJØO EF VO , +VFHP EF $BEFOBT Z EF %BEP QBSB &KF 88 $BEFOBT QBSB 3VFEBT EF "DFSP 1SFDJP QPS 6OJEBE TF 3FRVJFSFO

88 $BEFOBT QBSB 3VFEBT EF "MVNJOJP 1SFDJP QPS 6OJEBE TF 3FRVJFSFO

/P 'BC 88 88 88 88 88

%FTDSJQDJØO &KF EF 5SBOTNJTJØO #VT $3 3FNPMRVF 5SÈJMFS

3FNPMRVF 5SÈJMFS 'SFVIBVG 3FNPMRVF 5SÈJMFS 1SP 1BS

1FTP MCT LH

MCT LH MCT LH

6TP .PTU &BUPO .FSJUPS 3PDLXFMM

6TFE PO 4UFFSJOH "YMFT PG .PTU #VTFT .PTU 4UFNDP )VC $BQT $3 $3 'SFVIBVG 5SBJMFST 1SP 1BS )VC $BQT

$PO MPT BEBQUBEPSFT EJTQPOJCMFT MB DBSSFUJMMB QBSB FNCSBHVFT DMPDIFT PGSFDF VO ÞOJDP EJTQPTJUJWP EF FMFWBDJØO TPQPSUF Z DPMPDBDJØO QBSB VOB WBSJFEBE EF UBSFBT SFMBDJPOBEBT DPO USBCBKP QFTBEP /P 0SEFO

/P 'BC $$ $$ $$

%FTDSJQDJØO "EBQUBEPS EF &KF "DBOBMBEP "EBQUBEPS EF &KF "DBOBMBEP "EBQUBEPS EF &KF "DBOBMBEP

%JÈNFUSP 1¾ 1¾ ½"

1JMPU

4F BKVTUB B WPMBOUFT EF JOFSDJB QMBOPT Z UJQP DBNQBOB RVF TF VTBO DPO FNCSBHVFT DMPDIFT EF w Z w /P 0SEFO /P 'BC %FTDSJQDJØO $$ "EBQUBEPS EF 7PMBOUF EF *OFSDJB 4JNQMJGJDB FM EFTNPOUBKF Z MB JOTUBMBDJØO EF EJTQPTJUJWPT EF BSSBORVF QFTBEPT $$ "EBQUBEPS QBSB %JTQPTJUJWP EF "SSBORVF &MJNJOB MB FMFWBDJØO Z FM EFTDFOTP NBOVBM $$ "EBQUBEPS %JGFSFODJBM %FTNPOUB MB DBKB BVYJMJBS TJO EFTNPOUBS MB USBOTNJTJØO DPNQMFUB $$ "EBQUBEPS QBSB $BKB "VYJMJBS .ÏUPEP JOEJWJEVBM QBSB DBNCJBS MBT TVTQFOTJPOFT UJQP iKPSPCB EF DBNFMMPw $$ "EBQUBEPS .BDL QBSB 4VTQFOTJØO UJQP i+PSPCB EF $BNFMMP %FTNPOUF F JOTUBMF UBNCPSFT EF GSFOP FYUFSJPSFT F JOUFSJPSFT $$ "EBQUBEPS QBSB 5BNCPS EF 'SFOP 4PTUJFOF FM FKF EF USBOTNJTJØO EFCBKP EFM FOTBNCMBKF DIVNBDFSB P TPCSF FM FKF $$ "EBQUBEPS EF &KF EF 5SBOTNJTJØO

3BNQBT QBSB $BNJØO EF 5POFMBEBT 05$ &M NBOHP FO GPSNB EF i5w Z MPT SPEPT EF DJODP QVMHBEBT QFSNJUFO VOB GÈDJM NBOJPCSBCJMJEBE

&TQFDJGJDBDJPOFT $BQBDJEBE QPS 1BS -POHJUVE $PNQMFUB "ODIP EF 3PEBEVSB "MUP EF MB &TUSVDUVSB

&TUÈOEBS 5PO ¼

"ODIP 5PO ¼

&TQFDJGJDBDJPOFT "ODIP EF MB &TUSVDUVSB -POHJUVE EF MB &TUSVDUVSB %JÈNFUSP EF MB 3VFEB -POHJUVE EFM .BOHP

&TUÈOEBS ½"

"ODIP ¼

.BOHP SFUSBDUBCMF EF FO GPSNB EF i5w DPO SPEPT EF IVMF HPNB EF BMUB EVSBDJØO RVF GBDJMJUBO MB NPWJMJEBE 4V SFDVCSJNJFOUP BOUJEFTMJ[BOUF EF IVMF HPNB QSFWJFOF FM SFTCBMBNJFOUP &TUÈ DVCJFSUP QPS MB HBSBOUÓB WJUBMJDJB EF 05$

/P 0SEFO /P 'BC

%FTDSJQDJØO 3BNQBT &TUÈOEBS QBSB $BNJØO EF 5POFMBEBT 1BS 3BNQBT "ODIBT QBSB $BNJØO EF 5POFMBEBT 1BS

t TBMFT!NZFSTUJSFTVQQMZ DPN

1FTP MCT LH MCT LH


$BSSFUJMMBT QBSB /FVNÃUJDPT 3BNQB EF &MFWBDJØO QBSB .PUPDJDMFUBT 5PEP 5FSSFOP 3&70-65*0/

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1FTP MCT LH

/P 0SEFO /P 'BC

%FTDSJQDJØO .FEJEPS EF $POWFSHFODJB QBSB 7FIÓDVMP EF 1BTBKFSPT .FEJEPS EF $POWFSHFODJB QBSB $BNJPOFT

1FTP MCT LH MCT LH

.FEJEPS EF $POWFSHFODJB DPO 5SB[BEPS QBSB 7FIÓDVMP EF 1BTBKFSPT

4PQPSUF QBSB 7PMBOUF

1FSNJUF HSBO FYBDUJUVE BM BKVTUBS MB DPOWFSHFODJB MB EJWFSHFODJB Z BM DFOUSBS FM WPMBOUF /P EFCF VTBSTF DPNP TFHVSP EF CMPRVFP EFM WPMBOUF /P 0SEFO

/P 'BC 8"

%FTDSJQDJØO 4PQPSUF QBSB 7PMBOUF

&TDBMB EF GÈDJM MFDUVSB QBSB BKVTUFT FYBDUPT EF MB DPOWFSHFODJB EF MB SVFEB &M BODIP EFM NFEJEPS QBSB SVFEBT EF WFIÓDVMPT EF QBTBKFSPT TF FYUJFOEF B 1BUBT EF QVOUFSPT EF *ODMVZF USB[BEPS /P 0SEFO /P 'BC 8" 8"

%FTDSJQDJØO .FEJEPS EF $POWFSHFODJB QBSB 7FIÓDVMP EF 1BTBKFSPT #BSSB EF 3FQVFTUP 5SB[BEPS EF 3FQVFTUP

t TBMFT!NZFSTUJSFTVQQMZ DPN

1FTP MCT LH MCT LH MCT LH


"MJOFBDJÓO +VFHP EF 7FSJGJDBDJØO EF $POWFSHFODJB "MJOFBDJØO QBSB $BNJPOFT

&TDVBESB QBSB "DPQMBNJFOUP EF /FVNÈUJDPT

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%FTDSJQDJØO &TDVBESB QBSB "DPQMBNJFOUP EF /FVNÈUJDPT

1FTP MCT LH

&TDVBESB 1PSUÈUJM QBSB "DPQMBNJFOUP EF /FVNÈUJDPT %VBMFT

1FTP MCT LH MCT LH MCT LH

1MBUPT "OUJEFTMJ[BOUFT QBSB 3VFEBT %FMBOUFSBT EF $BNJØO

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1FTP MCT LH

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%FTDSJQDJØO ,JUT EF $PNCBT &; $BN 93 EF NN

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%FTDSJQDJØO ,JUT EF $PNCBT &; $BN 93 EF NN

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,JU QBSB $PNCB "WBODF ' - % 8% 41&$*"-5:

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%FTDSJQDJØO ,JUT EF $PNCBT &; $BN 93 EF NN

%FTDSJQDJØO ,JUT EF $PNCBT &; $BN 93 EF NN

1BSB 3FFNQMB[P EF 1FSOPT EF NN

/P 0SEFO /P 'BC

1BSB 3FFNQMB[P EF 1FSOPT EF NN

/P 0SEFO /P 'BC

/P 0SEFO /P 'BC

%FTDSJQDJØO ,JUT QBSB "WBODF $PNCB ' -% 8%

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%FTDSJQDJØO ,JU QBSB "WBODF $PNCB EF &YQMPSFS

t TBMFT!NZFSTUJSFTVQQMZ DPN

1FTP MCT LH


"MJOFBDJร O 4FU EF .BOHBT EF $PNCB Z "WBODF QBSB 'PSE EF Z 8% 41&$*"-5:

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8% "EK $IBOHF ยก ยผยฐ

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5PUBM $IBOHF ยก ยผยฐ

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3FDPMFDUPS EF "DFJUF EF (BMPOFT -*/$0-/ t 5BORVF EF WBDJBEP QSFTVSJ[BEP

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%FTDSJQDJØO 3FDPMFDUPS EF "DFJUF 1SFTVSJ[BEP

NZFSTUJSFTVQQMZ DPN

1FTP MCT LH


4FSWJDJP EF "DFJUF 1VSHBEPS EF "DFJUF EF $BNJØO QBSB VTP 1FTBEP Z EF #BKP 1FSGJM

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t $BQBDJEBE EF HBMPOFT EF EF BMUP ÞOJDBNFOUF t %FQØTJUP DVCJFSUP t $POTUSVDDJØO DPNQMFUB EF BDFSP t ,JU EF &WBDVBDJØO EF "JSF 0QDJPOBM

EF BMUP EF MPOHJUVE EF BODIP

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1FTP MCT LH MCT LH

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4F NVFTUSB DPO MB NFTJUB CBTF PQDJPOBM

4F NVFTUSB DPO MB NFTJUB CBTF PQDJPOBM

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/P 'BC "'$ )%$ '3-

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1FTP MCT LH MCT LH MCT LH

.FTJUB 0QDJPOBM QBSB %FTUSVDUPS EF 'JMUSPT t 1BSB "'$ Z )%$ )JHI -POH 8JEF

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%FTDSJQDJØO .FTJUB 0QDJPOBM %F -VKP

1FTP MCT LH

1FTP MCT LH

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t 7BDÓF FM BDFJUF VTBEP TJO EFSSBNBS VOB HPUB

t $JDMP EF B TFHVOEPT

t *ODMVZF CPNCB EF USBTJFHP FMÏDUSJDB t "MUVSB EF TPMBNFOUF

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1FTP MCT LH

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t TBMFT!NZFSTUJSFTVQQMZ DPN

4IPXO XJUI 0QUJPOBM 4UBOE

1FTP MCT LH MCT LH MCT LH


&WBDVBEPSFT EF 'MVJEPT "EBQUBEPS QBSB #BOEFKB EF %SFOBKF

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Barril no incluido.

t "QSPCBEB QPS MPT SFRVFSJNJFOUPT 04)" Z '. t 'JMUSP PQDJPOBM EF EPT WÓBT

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%FTDSJQDJØO "EBQUBEPS QBSB #BOEFKB EF %SFOBKF

1FTP MCT LH

"EBQUBEPS Z &NCVEP EF %SFOBKF 3FDPNNFOEFE UXP XBZ GJMUFS

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%FTDSJQDJØO &NCVEP EF %SFOBKF EF w "EBQUBEPS EF w QBSB #BOEFKB EF %SFOBKF

1FTP MCT LH

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1B×PT EF "MUB 3FTJTUFODJB 8:1"-- 9

%FTDSJQDJØO $BSSFUJMMB EF (BT EF (BMPOFT 'JMUSP &TUÈOEBS 0QDJPOBM 'JMUSP 0QDJPOBM EF %PT 7ÓBT QBSB 3FDPNFOEBEP

t $PMPS B[VM

&WBDVBEPS EF (BMPOFT

t QB×PT QFS DBKB

t &WBDÞB EF MB DBQBDJEBE

1FTP MCT LH MCT LH

t .BOHVFSB EF &WBDVBDJØO EF "CTPSCFO FM BDFJUF Z FM BHVB 6UJMÓDFTF QBSB MJNQJF[B EF NBUFSJBMFT EF BMUB SFTJTUFODJB QJF[BT P SFQVFTUPT WJSVUB EF NFUBM QSFQBSBDJØO EF TVQFSGJDJFT DPO TPMWFOUFT MJNQJF[B EF TVQFSGJDJFT ÈTQFSBT /P 0SEFO /P 'BC ,*.

%FTDSJQDJØO 1B×PT 8ZQBMM 9

t 3VFEBT EF QBSB GÈDJM NBOFKP

1PS $BKB

1FTP MCT LH

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"CTPSCFOUF 4FHVSP 4"'& 5 403# t #PMTB EF MJCSBT

/P 0SEFO

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%FTDSJQDJØO 403# MC #BH

/P 'BC +%* &7

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1FTP MCT LH

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1FTP MCT LH

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%FTDSJQDJØO (SFZ 7 #POE "CTPSCFOU 1BET 8IJUF 7 #POE "CTPSCFOU 1BET

1PS $BKB

1FTP MCT LH MCT LH

*ODMVZF &WBDVBEPS 7BSJMMB QBSB .FEJS FM /JWFM EF "DFJUF UVCP EF FWBDVBDJØO BEBQUBEPSFT QBSB UVCP Z NBOVBM EF VTP %FQØTJUP DPO DBQBDJEBE EF HBMPOFT DPO BQBHBEP BVUPNÈUJDP /P 0SEFO /P 'BC .7

%FTDSJQDJØO &WBDVBEPS .BOVBM EF 'MVJEPT

NZFSTUJSFTVQQMZ DPN

1FTP MCT LH


%JTQFOTBEPSFT EF -VCSJDBOUF 1JTUPMB EF 4VDDJØO -*/$0-/

"QMJDBEPS EF -VCSJDBOUF -*/$0-/ t &MJNJOB FM VTP EF QJTUPMBT EF HSBTB NBOVBMFT t 0QFSB DPO VO GMVKP FTUBCMF EF SBTB IBTUB EF QTJ

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/P 'BC

%FTDSJQDJØO 1JTUPMB EF 4VDDJØO

1FTP MCT LH

1JTUPMBT EF (SBTB

04554 04559

/P 0SEFO

/P 'BC

t #BUFSÓB SFDBSHBCMF EF WPMUJPT

.BYJNVN 14*

%FTDSJQDJØO 1JTUPMB EF (SBTB UJQP 1BMBODB 1JTUPMB EF (SBTB

1FTP MCT LH MCT LH

7ÈMWVMB EF $POUSPM EF "MUB

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/P 'BC

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1FTP MCT LH MCT LH MCT LH MCT LH

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/P 'BC

%FTDSJQDJØO 7ÈMWVMBT EF $POUSPM EF "MUB 1SFTJØO

1FTP MCT LH

-JNQJBEPS EF "DDFTPSJPT -*/$0-/

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/P 'BC

/P 0SEFO

%FTDSJQDJØO -JNQJBEPS EF "DDFTPSJPT

1FTP MCT LH

)FSSBNJFOUB EF *OZFDDJØO EF (SBTB EF $POFYJØO 3ÈQJEB -*/$0-/

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/P 'BC

%FTDSJQDJØO ,JU EF "QMJDBEPS EF -VCSJDBOUF EF 7 DPO VOB CBUFSÓB ,JU "QMJDBEPS EF -VCSJDBOUF EF 7 DPO EPT CBUFSÓBT

1FTP MCT LH MCT LH

,JU EF "DDFTPSJPT EF -VCSJDBDJØO -*/$0-/ t 1BSB VTP DPO UPEBT MBT QJTUPMBT EF HSBTB FTUÈOEBS

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t &WJUB RVF MBT BHVKBT TF EPCMFO P TF SPNQBO

/P 0SEFO

/P 'BC

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1FTP MCT LH

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t TBMFT!NZFSTUJSFTVQQMZ DPN

1FTP MCT LH


%JTQFOTBEPSFT EF -VCSJDBOUF #PNCB EF &OHSBTF PQFSBEB QPS "JSF -*/$0-/

#PNCB UJQP #BSSB 3PUBUJWB

1BSB USBTJFHP EF Mร RVJEPT DPO CBTF EF QFUSร MFP OP DPSSPTJWP EF WJTDPTJEBE MJWJBOB B NFEJB B VOB SB[ร O EF BQSPYJNBEBNFOUF HBMร O QPS SFWPMVDJPOFT DPO BDFJUF 4"& $BSDBTB EF MB CPNCB EF IJFSSP GVOEJEP /P 0SEFO /P 'BC

6TF DPO CJEร O PSJHJOBM EF SFGJOFSร B 3BEJP EF CPNCFP EF B .PUPS EF EFTQMB[BNJFOUP PQFSBEP QPS BJSF RVF OP SFRVJFSF MVCSJDBDJร O EVSBOUF TV PQFSBDJร O OPSNBM #PDB Z ร NCPMP EF BMUB EVSBCJMJEBE SFTJTUFOUFT B MB BCSBTJร O OP IBZ UVFSDBT EF FNCBMBKF RVF TF QVFEBO EFTHBTUBS 7ร MWVMBT EF CPMB EPCMFT FO FM ร NCPMP QBSB PQFSBDJร O QPTJUJWB EF BMUB QSFTJร O *ODMVZF QJTUPMB EF MVCSJDBDJร O DPOFYJPOFT HJSBUPSJBT NBOHVFSB EF Z QMBDB EF WBDร P &TDPKB MB CBTF FOUSF FM NPEFMP DPO DBSSFUJMMB i3PMM " 3PVOEw Z FM NPEFMP EF SPEPT HJSBUPSJPT i3PMM " 3PVOEw /P 0SEFO

/P 'BC 1

%FTDSJQDJร O #PNCB UJQP #BSSB 3PUBUJWB

1FTP MCT LH

#PNCB UJQP #BSSB 3PUBUJWB EF "MUB 3FTJTUFODJB t 4F QVFEF VUJMJ[BS UBNCJร O DPO Mร RVJEP QBSB MJNQJBS GSFOPT

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t 1BSB VTP HFOFSBM Z MJWJBOP

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t TBMFT!NZFSTUJSFTVQQMZ DPN

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MCT LH MCT LH

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1FTP MCT LH MCT LH

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t TBMFT!NZFSTUJSFTVQQMZ DPN


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t "EKVTUBCMF TIFMWFT

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1FTP MCT LH MCT LH MCT LH MCT LH

MCT LH MCT LH MCT LH MCT LH

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%FTDSJQDJØO &TDSJUPSJP QBSB 5BMMFS

8 ½

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)

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/P 'BC 674 674

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t 1BSB SVJEPT NPEFSBEPT P BMUPT t ¶OEJDF EF SFEVDDJØO EF SVJEP EF EFDJCFMFT

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t ¶OEJDF EF SFEVDDJØO EF SVJEP EF EFDJCFMFT

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%FTDSJQDJØO "OUFPKPT (BGBT QBSB 7JTJUBOUFT

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5BQPOFT %FTFDIBCMFT QBSB 0ÓEPT

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%FTDSJQDJØO $BSFUB 1SPUFDUPSB 1BOUBMMB EF 3FQVFTUP

1SPUFDUPSFT "VEJUJWPT

"OUFPKPT (BGBT EF 1SPUFDDJØO

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Puncture Repair Procedures

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SEMINAR 1

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t TBMFT!NZFSTUJSFTVQQMZ DPN


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/P 0SEFO

%FTDSJQDJØO ,JU EF 3FQBSBDJØO EF /FVNÈUJDPT QBSB $PODFTJPOBSJPT EF "VUPNØWJMFT

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/P 0SEFO

%FTDSJQDJØO ,JU EF 3FQBSBDJØO QBSB /FVNÈUJDPT EF 7FIÓDVMPT EF 1BTBKFSPT

1FTP MCT LH

(BCJOFUF QBSB 1BSDIFT EF /FVNÈUJDPT i)ÈHBMP FO 'PSNB $PSSFDUBw

1FTP MCT LH

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-BT IFSSBNJFOUBT Z MPT TVNJOJTUSPT TF WFOEFO QPS TFQBSBEP

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/P 0SEFO

%FTDSJQDJØO ,JU EF 3FQBSBDJØO EF /FVNÈUJDPT EF $BNJØO

1FTP

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%FTDSJQDJØO (BCJOFUF %JTQFOTBEPS

&OUSFOBNJFOUP 1SFTFODJBM (SBUJT QBSB 3FQBSBDJØO EF /FVNÈUJDPT t %JTQPOJCMFT DMBTFT EF 3FQBSBDJØO EF 1PODIBEVSBT 1FSGPSBDJPOFT Z 4FDDJPOFT t 3FQBSBDJØO EF OFVNÈUJDPT DPO ¶OEJDF EF 7FMPDJEBE

MCT LH

NZFSTUJSFTVQQMZ DPN


3FQBSBDJÓO EF /FVNÃUJDPT 1PODIBEPT 1FSGPSBEPT

7ÈTUBHPT QBSB 3FQBSBS $BOBMFT EF 1FSGPSBDJØO

5BQØO 5JQP 1BSDIF DPO (VÓB FO FM $FOUSP

6TF UP GJMM JOKVSJFT JO DPOKVODUJPO XJUI DBSCJEF DVUUFST BOE PS QMVH DVUUFST 3VCCFS DVSFE QMVH DPWFSFE XJUI %VBM $VSF $VTIJPO (VN GPS GJMMJOH JOKVSJFT "QMJRVF DPO DFNFOUP EF TFDBEP SÈQJEP WFB MB QÈHJOB /P 0SEFO

$BOUJEBE QPS $BKB

5BNB×P *ODIFT NN ½ 5JSBOEP EFM $BCMF

%JTQPTJUJWPT UJQP i$PSCBUÓOw

-B DPNCJOBDJØO EF MPT UBQPOFT UJQP QBSDIF QFSNJUF VO TFMMBEP Z MMFOBEP EF MB QFSGPSBDJØO EFM OFVNÈUJDP FO VO TPMP QBTP 6TF MBT VOJEBEFT EF QBSB TFMMBS MBT GVHBT QPS QPODIBEVSB QFSGPSBDJØO NBOUFOJFOEP MB QFSGPSBDJØO FO FM OFVNÈUJDP MP NÈT QFRVF×B QPTJCMF -B VOJEBE EF TF QVFEF UBNCJÏO VUJMJ[BS QBSB MB SFQBSBDJØO EF OFVNÈUJDPT DPO ÓOEJDF EF WFMPDJEBE ; TPMBNFOUF FO MB CBOEB EF SPEBEVSB -BT VOJEBEFT EF SFQSFTFOUBO FM MÓNJUF NÈYJNP EF SFQBSBDJØO EF QPODIBEVSBT QFSGPSBDJPOFT FO OFVNÈUJDPT EF WFIÓDVMPT EF QBTBKFSPT Z DBNJPOFT MJWJBOPT &TDPKB DVBMRVJFSB EF MPT 5BQPOFT 5JQP 1BSDIF QBSB QPODIBEVSBT QFSGPSBDJPOFT EF OFVNÈUJDPT EF DBNJØO EF IBTUB -B QVOUB UJQP HVÓB NPMEFBEB F JODPSQPSBEB FO MBT VOJEBEFT EF SFQBSBDJØO FMJNJOB FM VTP EF CBTUPODJMMPT EF BMBNCSF QBSB KBMBS Z GBDJMJUB MB JOUSPEVDDJØO EF MBT NJTNBT B USBWÏT EF MB QPODIBEVSB QFSGPSBDJØO EFTEF MB QBSUF JOUFSJPS EFM OFVNÈUJDP &M WÈTUBHP Z MB VOJEBE EF SFQBSBDJØO UJFOFO VO SFWFTUJNJFOUP EPCMF EF HPNB DPO SFMMFOP EF DFNFOUP EF SFTJOB DSFBOEP BTÓ VOB VOJØO QFSNBOFOUF BM OFVNÈUJDP DPO VOB BEIFSFODJB TVQFSJPS DPNQBSBEB B MPT QSPDFEJNJFOUPT RVÓNJDPT EF SFQBSBDJØO EF OFVNÈUJDPT "QMJRVF DPO DFNFOUP EF TFDBEP SÈQJEP WFB MB QÈHJOB &M DPSUBEPS EF DBSCVSP BEFDVBEP FTDBSJB Z FTUBOEBSJ[B MB QPODIBEVSB QFSGPSBDJØO QBSB MB JOTUBMBDJØO EFM 5BQØO 5JQP 1BSDIF DPO (VÓB FO FM $FOUSP 7FS UBCMB

&TUPT EJTQPTJUJWPT FTUÈO GBCSJDBEPT DPO IVMF HPNB EF BMUB SFTJTUFODJB B MB UFOTJØO Z DVCJFSUPT DPO HPNB DPO SFMMFOP EF DFNFOUP EF SFTJOB 3FRVJFSF MB JOTUBMBDJØO EF VOB VOJEBE EF SFQBSBDJØO EFM UBNB×P EF VOB DMBWFSB QBSB PGSFDFS VOB SFQBSBDJØO QFSNBOFOUF "QMJRVF DPO $FNFOUP EF 4FDBEP 3ÈQJEP WFB QÈHJOB /P 0SEFO

$PSUBEPSFT %F $BSCVSP / "

5BNB×P *ODIFT NN Y Y

%FTDSJQDJØO %JTQPTJUJWP UJQP i$PSCBUÓOw QBSB /FVNÈUJDPT EF "VUPNØWJM EF 1BTBKFSPT %JTQPTJUJWP UJQP i$PSCBUÓOw QBSB /FVNÈUJDPT EF $BNJØO %JTQPTJUJWP UJQP i$PSCBUÓOw QBSB /FVNÈUJDPT EF &8

$BOUJEBE QPS $BKB

Y

Y

¾ Y

Y

/P 0SEFO

5BNB×P 1VMHBEBT NN

%JÈNFUSP EFM 1BSDIF 1VMHBEBT NN ¾ ¾ ¾

$BOUJEBE QPS $BKB

$PSUBEPSFT %F $BSCVSP

5BQØO 1BSDIF 5JQP "HVKB

%JTQPTJUJWPT EF 3FQBSBDJØO

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%FTDSJQDJØO %JTQPTJUJWP 3FEPOEP %JTQPTJUJWP 3FEPOEP %JTQPTJUJWP 0WBM %JTQPTJUJWP 0WBM *OTFSUP 053

/P 'BC 3 3 0 0 &.

6TF GPS DSPXO QVODUVSF SFQBJST JO CJBT BOE SBEJBM QBTTFOHFS BOE USVDL UJSFT 5IF NFUBM RVJMM GBDJMJUBUFT JOTFSUJPO BOE QSPUFDUT UIF QMVH GSPN EBNBHF JO TUFFM CFMUFE UJSFT

5BNB×P *ODIFT NN Y Y Y Y Y Y Y Y ½ Y Y

$BOUJEBE QPS $BKB

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/P 0SEFO

/P 'BC 211 211 211 211

4UFN %JB 1VMHBEBT NN ½

4J FM ÈOHVMP FT NBZPS EF ¡ VUJMJDF VO WÈTUBHP EF SFQBSBDJØO TFQBSBEP Z MB VOJEBE EF SFQBSBDJØO BQSPQJBEB

1BUDI %JB 1VMHBEBT NN

$BOUJEBE QPS $BKB

$PSUBEPSFT %F $BSCVSP

/PUB -PT 5BQPOFT UJQP 1BSDIF DPO (VÓB FO FM $FOUSP TF VTBO FO FM ÈSFB EF MB DPSPOB FO OFVNÈUJDPT EF WFIÓDVMPT EF QBTBKFSPT DBNJPOFT MJWJBOPT Z DBNJPOFT TJ FM ÈOHVMP EF QFOFUSBDJØO OP FT NBZPS EF ¡ SFTQFDUP B MB QBSUF QFSQFOEJDVMBS 4J FM ÈOHVMP FT NBZPS EF ¡ VUJMJDF VO WÈTUBHP EF SFQBSBDJØO TFQBSBEP Z MB VOJEBE EF SFQBSBDJØO BQSPQJBEB

t TBMFT!NZFSTUJSFTVQQMZ DPN


3FQBSBDJÓO EF /FVNÃUJDPT 1PODIBEPT 1FSGPSBEPT

#VMMTFZF 3FQBJS 6OJUT

1BSDIFT EF 3FQBSBDJØO EF $ÈNBSB EF $VSBEP 2VÓNJDP

-BT 6OJEBEFT EF 3FQBSBDJØO DPO $VSBEP 2VÓNJDP FTUÈO NPMEFBEBT DPO VO CPSEF EFMHBEP Z DVFOUBO DPO IVMF HPNB DVSBEB RVÓNJDBNFOUF DPO BEIFTJWP WFSEF KVOUP DPO VOB CBTF EF QPMJFUJMFOP QBSB TV GÈDJM SFNPDJØO F JOTUBMBDJØO "QMJRVF DPO DFNFOUP EF TFDBEP SÈQJEP WFB MB QÈHJOB

$BKB %JTQFOTBEPSB 1BRVFUF EF 1BSDIFT /P 0SEFO 3PVOE 0WBM

/P 'BC

5BNB×P *ODIFT NN

$BOUJEBE QPS $BKB

/P 0SEFO

/P 'BC

$BOUJEBE QPS $BKB o o

13 13 13 13 13 13 13

½

o o

11 11 11 11 11 o o

13 13 " 13 $ 13 % 13 &

Y Y ½ Y ½ Y ½ Y

Y Y Y Y Y

o o o o o

o o o o o

o o o o o

-BT 6OJEBEFT EF 3FQBSBDJØO i#VMMTFZFw QSPQPSDJPOBO VO NÈYJNP SFGVFS[P Z BEIFTJØO MP RVF MBT DPOWJFSUF FO FM UJQP EF QBSDIF QSFGFSJEP QBSB FM NÏUPEP i)ÈHBMP $PSSFDUBNFOUFw BQSPCBEP QPS MB JOEVTUSJB 6UJMJDF DPO FM NBUFSJBM BQSPQJBEP QBSB SFMMFOBEP EF UBQPOFT WFB MB QÈHJOB "QMJRVF DPO DFNFOUP EF TFDBEP SÈQJEP WFB MB QÈHJOB /P 0SEFO

/P 'BC #6- %$ #6- %$ #6- %$ #6- %$

*ODIFT Y Y Y Y ½

$BOUJEBE QPS $BKB

5BNB×P NN Y Y Y Y

6OJEBEFT EF 3FQBSBDJØO EF /FVNÈUJDPT EF #BOEBT %JBHPOBMFT i#JBT 1MZw

1BSDIFT EF 3FQBSBDJØO EF $ÈNBSB EF %PCMF $VSBEP

-BT 6OJEBEFT EF 3FQBSBDJØO EF %PCMF $VSBEP DVFOUBO DPO VOB CBTF EF IVMF HPNB RVF DVSB RVÓNJDBNFOUF P DPO DBMPS &TUF IVMF HPNB TVBWF Z EF BMUB BEIFTJWJEBE FT NFOPT QSPQFOTP B QSPCMFNBT BTPDJBEPT DPO MB IVNFEBE NBOJQVMBDJØO Z UJFNQP EF TFDBEP EFM DFNFOUP "QMJRVF DPO DFNFOUP EF TFDBEP SÈQJEP WFB MB QÈHJOB /P 0SEFO

/P 'BC 43 .3 -3 40 .0 11 43 11 .3 11 -3

%FTDSJQDJØO 3FEPOEPT 1FRVF×PT 3FEPOEP .FEJBOP 3FEPOEP (SBOEF 0WBMBEP 1FRVF×P 0WBMBEP .FEJBOP 1BRVFUF EF 1BSDIFT 3FEPOEPT 1FRVF×PT 1BRVFUF EF 1BSDIFT 3FEPOEPT .FEJBOPT 1BRVFUF EF 1BSDIFT 3FEPOEPT (SBOEFT

5BNB×P *ODIFT NN Y Y Y Y

$BOUJEBE QPS $BKB

6UJMJ[BEBT FO SFQBSBDJPOFT EF QPODIBEVSBT QFSGPSBDJPOFT EF OFVNÈUJDPT i#JBT 1MZw EF WFIÓDVMPT EF QBTBKFSPT DBNJPOFT MJWJBOPT Z DBNJPOFT $BEB VOJEBE DVFOUB DPO VOB QMBUBGPSNB SFGPS[BEB HSBOEF RVF QSPQPSDJPOB VOB GVFS[B BEJDJPOBM NJFOUSBT PGSFDF VOB NÈYJNB GMFYJCJMJEBE 6UJMJDF DPO FM NBUFSJBM BQSPQJBEP QBSB SFMMFOBEP EF UBQPOFT WFB MB QÈHJOB "QMJRVF DPO DFNFOUP EF TFDBEP SÈQJEP WFB MB QÈHJOB /P 0SEFO

/P 'BC $9 $9 $9 $9

5BNB×P 1VMHBEBT

$BOUJEBE QPS $BKB

NN

1BSDIFT 6OJWFSTBMFT

6OJEBEFT EF 3FQBSBDJØO 3FEPOEBT 4PO VOJEBEFT EF SFQBSBDJØO OP EJSFDDJPOBMFT QBSB BSSFHMBS QPODIBEVSBT QFSGPSBDJPOFT FO OFVNÈUJDPT SBEJBMFT 6UJMJDF DPO FM NBUFSJBM BQSPQJBEP QBSB SFMMFOBEP EF UBQPOFT WFB MB QÈHJOB "QMJRVF DPO DFNFOUP EF TFDBEP SÈQJEP WFB MB QÈHJOB /P 0SEFO

/P 'BC 343 3.3 3-3

6TBEPT FO GPSNB VOJWFSTBM QBSB MPT EB×PT DBVTBEPT QPS MBT QPODIBEVSBT QFSGPSBDJPOFT FO UPEP UJQP EF OFVNÈUJDPT EF WFIÓDVMPT EF QBTBKFSPT DBNJPOFT MJWJBOPT DBNJPOFT OFVNÈUJDPT EF CBOEBT EJBHPOBMFT iCJBT QMZw SBEJBMFT TJO DÈNBSB P DPO DÈNBSB -B GØSNVMB DPOUJFOF VO DPNQVFTUP FTQFDJBM RVF TJNQMJGJDB MBT SFQBSBDJPOFT EFTEF GVHBT QPS QPODIBEVSBT QFSGPSBDJPOFT IBTUB QFSGPSBDJPOFT EF w 6UJMJDF DPO FM NBUFSJBM BQSPQJBEP QBSB SFMMFOBEP EF UBQPOFT WFB MB QÈHJOB "QMJRVF DPO DFNFOUP EF TFDBEP SÈQJEP WFB MB QÈHJOB *ODIFT ¾

5BNB×P

NN

$BOUJEBE QPS $BKB

/P 0SEFO

/P 'BC 61 61 61

5BNB×P *ODIFT NN Y Y Y Y Y Y

NZFSTUJSFTVQQMZ DPN

$BOUJEBE QPS $BKB

/P 0SEFO

/P 'BC 5# 61 5# 61

$BOUJEBE QPS $BKB


3FQBSBDJÓO EF &NFSHFODJB EF /FVNÃUJDPT 1BUDI 3VCCFS %JTQPTJUJWPT EF 3FQBSBDJØO EF 6OB 4PMB 7BSJMMB

3FQBSBDJPOFT 3BEJBMFT

&TQFDÓGJDBNFOUF DPOTUSVJEPT QBSB SFQBSBDJPOFT EF QPODIBEVSBT QFSGPSBDJPOFT FO OFVNÈUJDPT SBEJBMFT 4. 3"% Z .% 3"% DVFOUBO DPO VOB QMBUBGPSNB HSBOEF Z SFGPS[BEB RVF QSPQPSDJPOB GVFS[B BEJDJPOBM NJFOUSBT NBOUJFOF VOB NÈYJNB GMFYJCJMJEBE 6UJMJDF DPO FM NBUFSJBM BQSPQJBEP QBSB SFMMFOBEP EF UBQPOFT WFB MB QÈHJOB "QMJRVF DPO DFNFOUP EF TFDBEP SÈQJEP WFB MB QÈHJOB /P 0SEFO

/P 'BC 4. 3"% .% 3"%

5BNB×P 1VMHBEBT NN ¾ Y Y Y Y

$BOUJEBE QPS $BKB

0SEFS /P

/P 'BC 11 4. 3"% 11 .% 3"%

$BOUJEBE 1PS 1BRVFUF

1JTUPMB EF 5BQPOFT Z 5BQPOFT

-PT %JTQPTJUJWPT EF 3FQBSBDJØO EF 6OB 4PMB 7BSJMMB VUJMJ[BO VO NBUFSJBM SFGPS[BEP DPO OZMPO Z HPNB DPO SFMMFOP EF DFNFOUP EF SFTJOB MP DVBM QFSNJUF RVF FM EJTQPTJUJWP TF JOTFSUF TJO OFDFTJEBE EF DPSUBS P SBTBS Z BTFHVSB VOB WVMDBOJ[BDJØO EF %PCMF $VSBEP QBSB DSFBS VOB VOJØO TØMJEB FO FM OFVNÈUJDP "M TFS VUJMJ[BEPT DPO VOB VOJEBE EF SFQBSBDJØO BQSPQJBEB TF MPHSB VOB SFQBSBDJØO QFSNBOFOUF "QMJRVF DPO $FNFOUP "VUPWVMDBOJ[BOUF EF 4FDBEP 3ÈQJEP /P 0SEFO

%FTDSJQDJØO %JTQPTJUJWP EF 6OB 4PMB 7BSJMMB .JOJ %JTQPTJUJWP EF 3FQBSBDJØO QBSB 7FIÓDVMP EF 1BTBKFSPT 7BSJMMB UJQP i0KP EF "HVKBw "CJFSUP )FSSSBNJFOUB EF 3FQBSBDJØO 5JQP &TQJSBM QBSB $FNFOUP

5BNB×P 1VMHBEBT NN

$BOUJEBE QPS $BKB

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)&"5 4)*&-% 4)*&-%

)&"5 4)*&-% 4)*&-%

1BSB SFQBSBDJØO EF TFDDJPOFT FO OFVNÈUJDPT SBEJBMFT EF WFIÓDVMPT 053 &TUBT VOJEBEFT EF SFQBSBDJØO i#VMMTFZFw DVFOUBO DPO VOB FTUSVDUVSB BMBSHBEB FO EFTOJWFM FOUSF TVT DBQBT BTÓ DPNP DPO VOB DBQB TVQFSJPS BEJDJPOBM RVF QFSNJUFO FM DFOUSBEP EF MBT VOJEBEFT EF SFQBSBDJØO TPCSF MB QBSUF EB×BEB EFM OFVNÈUJDP Z RVF TF BEIJFSBO FO DVBMRVJFS ÈSFB GMFYJCMF EFM OFVNÈUJDP

6OJEBEFT EF 3FQBSBDJØO QBSB /FVNÈUJDPT 3BEJBMFT i#VMMTFZFw

6OJEBEFT EF 3FQBSBDJØO EF /FVNÈUJDPT 3BEJBMFT i#VMMTFZFw

%PCMF $VSBEP $VSBEP DPO $BMPS /P 0SEFO

/P 'BC #6- %$ #6- %$ #6- %$ #6- %$ #6- %$

/P 0SEFO

/P 'BC #6- )$ #6- )$ #6- )$ #6- )$ #6- )$

5BNB×P *ODIFT NN Y Y ½ Y Y ½ Y ½ Y ½ Y ½ Y ½ Y ½ Y

4V BWBO[BEB UFDOPMPHÓB DPNCJOB VO BMUP HSBEP EF GVFS[B Z QFTP MJWJBOP QBSB DSFBS VOB VOJEBE EF SFQBSBDJØO NÈT QPUFOUF Z RVF QFSNJUF BTJNJTNP TV GÈDJM JOTUBMBDJØO -BT GJCSBT "SBNJEBT TPO NÈT GVFSUFT Z NÈT MJWJBOBT RVF MBT VOJEBEFT SFGPS[BEBT EF OZMPO P BDFSP -BT GVFSUFT VOJEBEFT 454 SFEVDFO FM iFGFDUP EF CVMUPw FO MBT TFDDJPOFT EF SFQBSBDJØO MBUFSBMFT EF OFVNÈUJDPT SBEJBMFT -PT QSPEVDUPT DPO SFDVCSJNJFOUP USBTFSP EF UFMB FYUJFOEFO MB WJEB ÞUJM EF FTUBT VOJEBEFT Z EFCFO JOTUBMBSTF DPO BEIFTJWP WFB QÈHJOB

$BOUJEBE QPS $BKB

6OJEBEFT EF 3FQBSBDJØO QBSB $PSPOBT EF /FVNÈUJDPT 3BEJBMFT i#VMMTFZFw

$MPUICBDL $VSBEP DPO $BMPS /P 0SEFO

/P 'BC #6- $# 454 #6- $# 454 #6- $# 454 #6- $# 454 #6- $# 454

/P 0SEFO

/P 'BC #6- )$ 454 #6- )$ 454 #6- )$ 454 #6- )$ 454 #6- )$ 454

5BNB×P *ODIFT NN Y Y Y Y Y Y Y Y Y Y

$BOUJEBE QPS $BKB

#VMMTFZF 3BEJBM $SPXO 3FQBJST 3FWFTUJNJFOUP EF 5FMB $VSBEP DPO $BMPS

3FWFTUJNJFOUP EF 5FMB $VSBEP DPO $BMPS /P 0SEFO

/P 'BC #6- %$ #6- %$ #6- %$ #6- %$

/P 0SEFO

/P 'BC #6- )$ #6- )$ #6- )$ #6- )$

5BNB×P *ODIFT NN Y ½ Y Y Y Y Y Y Y

$BOUJEBE QPS $BKB

/P 0SEFO

/P 'BC #6- $# 454 #6- $# 454 #6- $# 454 #6- $# 454 #6- $# 454

/P 0SEFO

/P 'BC #6- )$ 454 #6- )$ 454 #6- )$ 454 #6- )$ 454 #6- )$ 454

t TBMFT!NZFSTUJSFTVQQMZ DPN

5BNB×P *ODIFT NN Y ½ Y Y Y Y ½ Y Y Y Y ½ Y

$BOUJEBE QPS $BKB


6OJEBEFT EF 3FQBSBDJÓO 053 1BUDI 3VCCFS 6OJEBEFT EF 3FQBSBDJØO &.3 QBSB /FVNÈUJDPT 3BEJBMFT

6OJEBEFT EF 3FQBSBDJØO &.3 , QBSB /FVNÈUJDPT 3BEJBMFT (JHBOUFT

-B QMBODIB BDPSEPOBEB DPO GJCSBT BSBNJEBT JODPSQPSBEBT MJNJUB P FMJNJOB MBT QSPUVCFSBODJBT RVF TF GPSNBO FO MPT DPTUBEPT EFM OFVNÈUJDP

1BSB SFQBSBDJPOFT EF TFDDJPOFT FO OFVNÈUJDPT SBEJBMFT 053 6OB DPNCJOBDJØO EF UÏDOJDBT EF DPOTUSVDDJØO FMFDUSPNBHOÏUJDBT Z SBEJBMFT IBO DSFBEP FTUBT VOJEBEFT EF SFQBSBDJØO FTQFDJBMNFOUF SFGPS[BEBT QBSB OFVNÈUJDPT 053 4PO FYUSFNBNFOUF GMFYJCMFT Z TF BKVTUBO EF JHVBM GPSNB FO DPTUBEPT HSBOEFT Z FO IFSJEBT EF IPNCSPT EFM OFVNÈUJDP "QMJRVF DPO $FNFOUP EF 3FQBSBDJØO /FHSP WFB QÈHJOB

4JO $VSBEP /P /P 0SEFO 'BC &.3 &.3 &.3 &.3 1BSB VTPT OP GMFYJCMFT B OP GMFYJCMFT

5BNB×P *ODIFT NN Y Y Y Y Y Y Y Y

$BOUJEBE QPS $BKB

-BT MPOHJUVEFT EF FTUBT VOJEBEFT EF 3FQBSBDJØO QBSB /FVNÈUJDPT 3BEJBMFT &.3 , QFSNJUFO VOB TVKFDJØO EF BNCPT FYUSFNPT EF MB VOJEBE FO MBT ÈSFBT OP GMFYJCMFT EFM UBMØO Z EF MB DPSPOB EFM OFVNÈUJDP "TJNJTNP FTUÈO SFGPS[BEBT DPO GJCSBT BSBNJEBT JODPSQPSBEBT RVF MJNJUBO P FMJNJOBO MBT QSPUVCFSBODJBT RVF TF GPSNBO FO MPT DPTUBEPT EFM OFVNÈUJDP &TUF UJQP EF VOJEBEFT QVFEFO TFS DVSBEBT QPS NFEJP EF FTUFSJMJ[BDJØO QPS BVUPDMBWF Z NPMEFT EF TFDDJØO &TUÈO EJTQPOJCMFT MBT BMNPIBEJMMBT UÏSNJDBT QBSB FM TJTUFNB GMFYJCMF i.POBSDIw EF 7VMDBOJ[BDJØO Z FM TJTUFNB i7VMDBQw

4JO $VSBEP

6OJEBEFT EF 3FQBSBDJØO EF #BTF "ODIB &.3 4PO VOB WFSTJØO NÈT HSBOEF EF MBT VOJEBEFT 3BEJBMFT EF 3FQBSBDJØO &.3 &TUBT VOJEBEFT EF SFQBSBDJØO &.3 EF CBTF BODIB UJFOFO VOB NBZPS TVQFSGJDJF QBSB VOB NBZPS BEIFTJØO 6OB SFQBSBDJØO GVFSUF QBSB VO TFSWJDJP EF SFQBSBDJØO SFTJTUFOUF FO OFVNÈUJDPT EF WFIÓDVMPT EF USBOTQPSUF V PUSPT OFVNÈUJDPT GVFSB EF DBSSFUFSB "QMJRVF DPO $FNFOUP EF 3FQBSBDJØO /FHSP WFB QÈHJOB

4JO $VSBEP /P /P 0SEFO 'BC &.3 8# &.3 8# &.3 8# &.3 8# 'PS OPO GMFY UP OPO GMFY BQQMJDBUJPO

-PT OFVNÈUJDPT EF WFIÓDVMPT EF USBOTQPSUF TPO FM UJQP EF OFVNÈUJDPT BDUVBMNFOUF FO VTP FO FM NFSDBEP RVF TVGSFO VO NBZPS EFTHBTUF -PT OFVNÈUJDPT HJHBOUFT TPO VTBEPT FO WFIÓDVMPT EF USBOTQPSUF MBSHPT B BMUBT WFMPDJEBEFT FO DPOEJDJPOFT EF DBSHB QFTBEB FMFNFOUPT RVF DBVTBO VOB BDVNVMBDJØO EF DBMPS Z EB×PT FO MPT NJTNPT

5BNB×P *ODIFT NN ½ Y Y Y Y ½ Y Y Y ½ Y

$BOUJEBE QPS $BKB

/P /P 0SEFO 'BC 1BSB /FVNÈUJDPT 3BEJBMFT EF w &.3 , &.3 , 8# 1BSB /FVNÈUJDPT 3BEJBMFT EF w &.3 , &.3 ,8# 1BSB /FVNÈUJDPT 3BEJBMFT EF w &.3 , &.3 , 8#

*ODIFT

5BNB×P

NN

$BOUJEBE QPS $BKB

Y Y ½

Y Y

Y Y ½

Y Y

Y Y ½

Y Y

$VSTP EF $BQBDJUBDJØO i)ÈHBMP $PSSFDUBNFOUFw

6OJEBEFT EF 3FQBSBDJØO i#VMMTFZFw QBSB /FVNÈUJDPT 3BEJBMFT EF 5SBDUPS

1BSB SFQBSBDJPOFT EF MB CBOEB EF SPEBEVSB Z MPT DPTUBEPT FO OFVNÈUJDPT SBEJBMFT GVFSB EF DBSSFUFSB &TUBT VOJEBEFT TPO GBCSJDBEBT EF UFMB VOJEJSFDDJPOBM QBSB SFGVFS[P EFM QBRVFUF EF OFVNÈUJDPT EF FTUSVDUVSB SBEJBM &M DPNQVFTUP FTQFDJBM EF IVMF HPNB CSJOEB VOB NÈYJNB BEIFSFODJB Z SFTJTUF MPT DVSBEPT Z MPT FGFDUPT EF MB GMFYJCJMJEBE EF MPT OFVNÈUJDPT SBEJBMFT DPO $FNFOUP EF 4FDBEP 3ÈQJEP 7FB QÈHJOB %VBM $VSF /P 0SEFO

/P 'BC #6- %$ #6- %$ #6- %$ #6- %$

5BNB×P *ODIFT NN ¾ Y Y Y Y Y ½ Y ¾ Y ¾ Y

$BOUJEBE QPS $BKB

Puncture Repair Procedures

Tire Repair

SEMINAR 1

&T JNQPSUBOUF RVF FM UÏDOJDP FODBSHBEP EF SFBMJ[BS MBT SFQBSBDJPOFT BQSPCBEBT QPS MB JOEVTUSJB FO TV OFHPDJP FTUÏ EFCJEBNFOUF DBQBDJUBEP &M DPNQSPNJTP EF TFSWJDJP EF MB $PNQB×ÓB i1BUDI 3VCCFSw DPOTJTUF FO CSJOEBS UBOUP MB DBQBDJUBDJØO FTQFDJBMJ[BEB QBSB SFBMJ[BS MBT SFQBSBDJPOFT BQSPCBEBT QPS MB JOEVTUSJB DPNP MPT NBUFSJBMFT OFDFTBSJPT QBSB SFGPS[BS MPT QSPDFEJNJFOUPT BQSPCBEPT EF SFQBSBDJØO BQSPQJBEB -BT DPNQB×ÓBT i1BUDI 3VCCFSw Z i.ZFST 5ZSF 4VQQMZw PGSFDFO FM FOUSFOBNJFOUP MBT IFSSBNJFOUBT Z MPT TVNJOJTUSPT OFDFTBSJPT QBSB VOB SFQBSBDJØO BEFDVBEB EF OFVNÈUJDPT EF BDVFSEP B MPT MJOFBNJFOUPT FTUBCMFDJEPT QPS MB JOEVTUSJB

NZFSTUJSFTVQQMZ DPN


6OJEBEFT EF 3FQBSBDJÓO 053 1BUDI 3VCCFS 6OJEBEFT EF 3FQBSBDJØO &. QBSB /FVNÈUJDPT i#JBTw 1BSB SFGPS[BS Z SFQBSBS TFDDJPOFT FO OFVNÈUJDPT EF CBOEBT EJBHPOBMFT GVFSB EF DBSSFUFSB -BT 6OJEBEFT EF 3FQBSBDJØO &. UJFOFO DBQBT IFDIBT EF CBOEBT EF DVFSEBT TPCSFQVFTUBT FO VO EJTF×P DPO VO FTQBDJP DPNQMFKP RVF GPSNBO VO iFOSFKBEP DVBESBEPw &TUF EJTF×P QFSNJUF RVF MB VOJEBE EF SFQBSBDJØO TF GMFYJPOF KVOUP DPO FM OFVNÈUJDP 6ODVSFE /P 0SEFO

%VBM $VSF )FBU $VSF /P 'BC &. &. &. &. &. &. &. &. &. %$

/P 0SEFO

/P 'BC &. %$ &. %$ &. %$ &. %$ &. %$ &. %$ &. %$ &. %$ &. %$

/P 0SEFO

/P 'BC &. )$ &. )$ &. )$ &. )$ &. )$ &. )$ &. )$ &. )$ &. )$

5BNB×P *ODIFT NN ¾ ž ž ¾ ž ž

$BOUJEBE QPS $BKB

6OJEBEFT EF 3FQBSBDJØO QBSB /FVNÈUJDPT i#JBTw EF #BOEBT %JBHPOBMFT 'VFSB EF $BSSFUFSB TJO $VSBEP 1BSB SFGVFS[P Z SFQBSBDJØO EF TFDDJPOFT EF /FVNÈUJDPT EF #BOEBT %JBHPOBMFT GVFSB EF DBSSFUFSB &TUBT VOJEBEFT DVFOUBO DPO VOB DPOTUSVDDJØO TØMJEB FO DBQBT RVF CSJOEBO VO ÈSFB EF SFQBSBDJØO DPO VOB FTUSVDUVSB HSBOEF UJQP iQMBUBGPSNBw FO VO QBSDIF QFRVF×P -BT PSJMMBT USPRVFMBEBT QFSNJUFO VOB EJTUSJCVDJØO EF MPT FYUSFNPT UFOTPT BDPSEPOBEPT B MP MBSHP EF VO ÈSFB SFEPOEFBEB FWJUBOEP BTÓ RVF MBT PSJMMBT USPRVFMBEBT TF WPMUFFO /P 0SEFO

/P 'BC 053 053 053 053 053 053 053 053 053

5BNB×P *ODIFT NN

$BOUJEBE QPS $BKB

6OJEBEFT EF 3FQBSBDJØO QBSB /FVNÈUJDPT i#JBTw EF #BOEBT %JBHPOBMFT

$FNFOUP 7VMDBOJ[BOUF 3BQJEP t " DUJWB MB WVMDBOJ[BDJØO QBSB BEIFSJS FM QBSDIF BM OFVNÈUJDP

B SÈQJEB BDDJØO QBSB BDFMFSBS FM QSPDFTP EF % SFQBSBDJØO *OGMBNBCMF QVOUP EF JOGMBNBDJØO ¡ $ 7JEB EF BMNBDFOBNJFOUP EF B×P /P 0SEFO

6OJEBEFT DPNQBDUBT QBSB SFQBSBDJPOFT SFGPS[BEBT Z EF TFDDJPOFT FO OFVNÈUJDPT EF DBNJPOFT Z OFVNÈUJDPT GVFSB EF DBSSFUFSB $POTUSVJEBT DPO DBQBT DPO DPSUFT Z GBCSJDBDJPOFT FTQFDJBMFT FTUBT VOJEBEFT QVFEFO FODBTUSBSTF FO MB DBSDBTB ZB QVMJEB EFM ÈSFB EF MB DPSPOB Z TFS DVSBEBT EVSBOUF FM QSPDFTP EF SFDBVDIVUBEP 6TF DPOKVOUBNFOUF DPO MBT VOJEBEFT EF SFQBSBDJØO iCJBTw EF OFVNÈUJDPT DPO CBOEBT EJBHPOBMFT QBSB IBDFS VOB SFQBSBDJØO UJQP iTÈOEXJDIw 6ODVSFE /P /P 0SEFO 'BC 65 65 65 65 65 "QQMZ XJUI #MBDL 3FQBJS $FNFOU TFF QH

5BNB×P *ODIFT NN Y Y Y Y Y Y Y Y Y Y

$BOUJEBE QPS $BKB

%FTDSJQDJØO 4FMG 7VMDBOJ[JOH $FNFOU

5BNB×P P[

1PS $BTP

4PMWFOU QBSB )VMF t %JTVFMWF MVCSJDBOUFT Z DPOUBNJOBOUFT

3FNVFWF FM QPMWP EF SBTQBEP 1SPWFF VOB TVQFSGJDJF MJNQJB QBSB NBYJNB BEIFTJWJEBE *OGMBNBCMF 1VOUP EF JOGMBNBDJØO ¡ $ /P 0SEFO

%FTDSJQDJØO 3VCCFS 4PMWFOU

5BNB×P 2U

1PS $BTP

t TBMFT!NZFSTUJSFTVQQMZ DPN

1FTP MCT LH

1FTP MCT LH


7VMDBUFL 1BUDIFT 1MVHT 1BSDIFT QBSB /FVNÈUJDPT

1BSDIFT 3BEJBMFT

t 1BSB DVBMRVJFS UBNB×P EF SFQBSBDJØO FO 5VCPT $ÈNBSBT

t 1BSB SFQBSBDJPOFT FO OFVNÈUJDPT SBEJBMFT UJQP QBTBKFSP MJWJBOP Z DBNJØO

7VMDBOJ[B B UFNQFSBUVSB BNCJFOUF "QMJRVF DPO $FNFOUP 7VMDBOJ[BOUF 3ÈQJEP i7VMDBUFLw 5BNB×P *ODIFT NN

/P 0SEFO %FTDSJQDJØO 3PVOE 5VCF 1BUDIFT $75 $75 $75 $75 $75 $75 0WBM 5VCF 1BUDIFT $75 $75 $75

$BOUJEBE QPS $BKB

ž ¾ ž

Y Y Y ¾

Y Y Y

1BSDIFT 6OJWFSTBMFT t 1BSB 3FQBSBDJPOFT QFRVF×BT UJQP QJODIB[PT FO UPEP UJQP EF OFVNÈ UJDP o $POWFODJPOBM P 3BEJBM DPO UVCP P TJO UVCP t 7VMDBOJ[B B UFNQFSBUVSB BNCJFOUF P DPO DBMPS Z QSFTJØO t "QMJRVF DPO $FNFOUP 7VMDBOJ[BOUF 3BQJEP i7VMDBUFLw Z NBUFSJBM EF SFMMFOP

/P 0SEFO

5BNB×P *ODIFT NN

$BOUJEBE QPS $BKB

5BNB×P *ODIFT NN ¾

5BNB×P 1U

1PS $BTP

5BNB×P *ODIFT NN ž

1BUDI %JB *ODIFT NN

$BOUJEBE QPS $BKB

$BOUJEBE QPS $BKB

/P 0SEFO

%FTDSJQDJØO

5BNB×P *ODIFT NN ž

$BOUJEBE QPS $BKB

1MVH 4UFN ž 1MVH 4UFN 1MVH 4UFN

4FMMBEPS EF 1FTUB×B

t 3 FQBSa las superfi DJFT JOUFSJPSFT EB×BEBT EF OFVNÈUJDPT TJO DÈNBSB Z TFMMB MBT SFQBSBDJPOFT t Infl BNBCMF Punto de Infl BNBDJØO ¡ $ t 7JEB EF BMNBDFOBNJFOUP EF B×P

%FTDSJQDJØO 3FQBJS 4FBMFS

/P 0SEFO

t 1 BSB SFQBSBDJPOFT QFRVFOBT UJQP QJODIB[PT EF OFVNBUJDPT SBEJBMFT EF QBTBKFSP Z EF DBNJPOFT t 5BQPO EF DBVDIP DVSBEP Z DVCSJEP DPO HPNB EF DPKJO %PCMF $VJEBEP

4FMMBEPS EF 3FQBSBDJPOFT

/P 0SEFO

$BOUJEBE QPS $BKB

1BSDIF 4PNCSJMMB

t 1BSB SFQBSBDJPOFT FO OFVNÈUJDPT DPOWFODJPOBMFT UJQP QBTBKFSP MJWJBOP Z DBNJØO $POKVOUP EF DVFSEBT Z MPOBT FO GPSNB DPNQBDUB RVF EBO GVFS[B Z TPO EF GÈDJM BQMJDBDJØO 7VMDBOJ[B B UFNQFSBUVSB BNCJFOUF P DPO DBMPS Z QSFTJØO "QMJRVF DPO $FNFOUP 7VMDBOJ[BOUF 3BQJEP i7VMDBUFLw

$7# $7# $7# $7# $7# $7#

5BNB×P *ODIFT NN Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y

%FTDSJQDJØO $73 $73 $73 $73 $73 $73 $73 $73 $73

t 1BSB SFQBSBDJPOFT QFRVFOBT UJQP QJODIB[PT EF OFVNBUJDPT SBEJBMFT EF QBTBKFSP Z EF DBNJPOFT t $PNCJOBDJPO EFM QBSDIF Z FM JOTFSUP RVF MMFOB Z TFMMB MB IFSJEB BM NJTNP UJFNQP

%FTDSJQDJØO $761 $761 $761

%FTDSJQDJØO

/P 0SEFO

1BSDIF 4PNCSJMMB *OTFSUP $PNCP

1BSDIFT $POWFODJPOBMFT

/P 0SEFO

1 BSB SFQBSBDJPOFT FO MB DPSPOB IPNCSP P QBSFEFT EFM OFVNÈUJDP $POTUSVDDJØO FTQFDJBM EF DVFSEBT Z MPOBT RVF QFSNJUFO DFOUSBS FM QBSDIF TPCSF FM EB×P 7VMDBOJ[B B UFNQFSBUVSB BNCJFOUF P DPO DBMPS Z QSFTJØO "QMJRVF DPO $FNFOUP 7VMDBOJ[BOUF 3BQJEP i7VMDBUFLw

t t t

1FTP MCT LH

"QMJRVF TPCSF MB QFTUB×B EFM OFVNÈUJDP EVSBOUF FM NPOUBKF 'PSNB VO TFMMP FOUSF FM OFVNÈUJDP Z FM SJN Infl BNBCMF Punto de Infl BNBDJØO ¡ $ 7JEB EF BMNBDFOBNJFOUP EF B×P

/P 0SEFO

%FTDSJQDJØO #FBE 4FBMFS

NZFSTUJSFTVQQMZ DPN

5BNB×P 2U

1PS $BTP

1FTP MCT LH


"MNPIBEJMMBT 1SFDVSBEBT 1BUDI 3VCCFS "EIFTJWP 1SFDVSBEP DPO 4PQPSUF

6OJEBEFT EF 3FQBSBDJØO QBSB /FVNÈUJDPT i#JBTw EF #BOEBT %JBHPOBMFT EF 5SBDUPS 5SBDUPS EF "SSBTUSF

&TUB VOJEBE EF SFQBSBDJØO DVFOUB DPO VOB FTUSVDUVSB HSBOEF FO DBQBT UJQP iQMBUBGPSNBw RVF QVFEF VCJDBSTF FO QBSUFT EB×BEBT FO SFQBSBDJPOFT EF TFDDJPOFT EF OFVNÈUJDPT EF USBDUPSFT EF BSSBTUSF Z USBDUPSFT 4PO BTJNJTNP GMFYJCMFT Z MJWJBOPT QBSB TFS VTBEPT FO OFVNÈUJDPT MJWJBOPT EF DBQBT -BT VOJEBEFT EF SFQBSBDJØO NVMUJEJSFDDJPOBMFT QVFEFO TFS DPMPDBEBT FO GPSNB QBSBMFMB P QFSQFOEJDVMBS B MPT UBMPOFT EFM OFVNÈUJDP QBSB SFQBSBS FO GPSNB BQSPQJBEB DVBMRVJFS UJQP EF EB×P %VBM $VSF /P 0SEFO

/P 'BC 4,% %$ 4,% %$ 4,% %$ 4,% %$ 4,% %$ 4,% %$ 4,% %$ 4,% %$ )%4,% %$ )%4,% %$ )%4,% %$ )%4,% %$

5BNB×P *ODIFT NN Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y

1MZ

$BOUJEBE QPS $BKB

)FSSBNJFOUBT Z %JTQPTJUJWPT EF 3FQBSBDJØO EF /FVNÈUJDPT 053

$VSBEP 3." $MBTF " $ "EIFTJWP VTBEP DPNP DVCSFOFVNÈUJDP QBSB WVMDBOJ[BS MB CBOEB EF SPEBEVSB QSFDVSBEB B MB DBSDBTB EFM OFVNÈUJDP 1VFEF TFS VUJMJ[BEP DPNP VO BEIFTJWP EF FNQBMNF Z NBUFSJBM EF SFQBSBDJØO QBSB ÈSFBT HBTUBEBT P DVFSEBT EB×BEBT &YDFMFOUFT QSPQJFEBEFT EF SFTJTUFODJB BM DBMPS Z BM FYDFTP EF WVMDBOJ[BDJØO $VFOUB DPO SPMMP DPO NFEJEB VOJGPSNF Z VOB DPOTUSVDDJØO RVF QFSNJUF VO BEFDVBEP EFTQMB[BNJFOUP $VSBEP FTUBCMF RVF OP QFSNJUF EJTUPSTJØO FO MB BQBSJFODJB EF MB CBOEB EF SPEBEVSB 3JOEF BQSPYJNBEBNFOUF OFVNÈUJDPT QPS DBKB 7FMPDJEBE EF DVSBEP NJOVUPT ¡ ' NJOVUPT ¡' 7JEB ÞUJM NFTFT 6UJMJDF DPO $FNFOUP FO "FSPTPM QBSB 3FDBVDIVUBEP Z 7VMDBOJ[BDJØO WFB QÈHJOB /P 0SEFO

*ODIFT Y ž Y Y Y Y ž Y Y ž Y

5BNB×P

NN Y Y Y Y Y Y Y Y

1FTP MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH

'BKB "DPMDIPOBEB DPO 1SFDVSBEP

7FMPDJEBE EF $VSBEP NJOVUPT ¡' NJOVUPT ¡' 7JEB ÞUJM NFTFT

&TUPT EJTQPTJUJWPT EF JOTFSDJØO PWBMFT &. EF HSBO EJÈNFUSP BZVEBO B FMJNJOBS MB BHMPNFSBDJØO EF QFRVF×PT EJTQPTJUJWPT EF JOTFSDJØO QBSB SFQBSBS QFSGPSBDJPOFT QPODIBEVSBT FO OFVNÈUJDPT 053 -PT EJTQPTJUJWPT FTUÈO DPNQVFTUPT EF VO DFOUSP EF IVMF HPNB DVSBEP DVCJFSUP DPO "EIFTJWP EF %PCMF $VSBEP %VBM $VSF /P 0SEFO

.GS /P &.

%FTDSJQDJØO %JTQPTJUJWP EF *OTFSDJØO 053 )FSSBNJFOUB EF *OTFSDJØO i0KP "CJFSUPw QBSB 053 )FSSBNJFOUB EF *OTFSDJØO 053 )FSSBNJFOUB EF &TQJSBM 053 QBSB $FNFOUP

5BNB×P $BOUJEBE *ODIFT NN QPS $BKB ½ Y Y

/P 0SEFO

5BNB×P *ODIFT NN Y Y

"EIFTJWP EF &GFDUP 3ÈQJEP UJQP i1BSDIFw

3." $VSF $MBTT " $ 4F VUJMJ[B QBSB SFQBSBDJPOFT EF UJQP HFOFSBM RVF CVTDBO SFEVDJS FM UJFNQP EF DVSBEP %FTBSSPMMBEP QBSB VO DVSBEP SÈQJEP B VO SBOHP WBSJBEP EF UFNQFSBUVSBT $VFOUB DPO VOB FYDFMFOUF SFTJTUFODJB BM FYDFTP EF DVSBEP 4F BEBQUB B UPEP UJQP EF SFQBSBDJPOFT 7FMPDJEBE EF $VSBEP NJOVUPT ¡' NJOVUPT ¡' 7JEB ÞUJM NFTFT /P 0SEFO

5BNB×P *ODIFT NN Y Y

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1FTP MCT LH MCT LH MCT LH

$POTUSVJEB QBSB VO VTP DPOUJOVP Z EF BMUP SFOEJNJFOUP QBSB SFQBSBS OFVNÈUJDPT GVFSB EF DBSSFUFSB 053 QPS TVT TJHMBT FO JOHMÏT #SJOEB BM UÏDOJDP FO OFVNÈUJDPT VOB NBZPS WFMPDJEBE Z SFOEJNJFOUP FO MB SFQBSBDJØO EF TFDDJPOFT Z EF SBTHBEPT EF OFVNÈUJDPT EF DBNJØO Z OFVNÈUJDPT GVFSB EF DBSSFUFSB &M UFSNPTUBUP FT BKVTUBCMF B ¡' .PUPS OFVNÈUJDP EF BMUP QPEFS DPOTVNP EF BJSF DGN /P 0SEFO /P 'BC

%FTDSJQDJØO 1JTUPMB EF &YUSVTJØO 7PMUJPT &TQFDJGJRVF 7PMUBKF

t TBMFT!NZFSTUJSFTVQQMZ DPN

1FTP MCT LH


4FMMBEPSFT QBSB /FVNร UJDPT 4FMMBEPS QBSB /FVNร UJDPT

4FMMBEPS EF /FVNร UJDPT 053

t 4FMMB GVHBT FO MPT UBMPOFT GVHBT QFRVFร BT Z QPO DIBEVSBT QFSGPSBDJPOFT EF IBTUB EF EJร NFUSP

t &TQFDJBMNFOUF GPSNVMBEP QBSB OFVNร UJDPT GVFSB EF DBSSFUFSB

&M CPUF EF PO[BT JODMVZF MB IFSSBNJFOUB QBSB FM DFOUSP EF Wร MWVMB Z UVCP EF GJMUSBEP /P FT SFDPNFOEBEP QBSB WFIร DVMPT EF QBTBKFSPT /P 0SEFO

%FTDSJQDJร O 1FS $BTF #PUF EF 4FMMBEPS QBSB /FVNร UJDPT 0O[BT

3FQBSB QPODIBEVSBT QFSGPSBDJPOFT EF IBTUB FO MPT OFVNร UJDPT "ZVEB B FOGSJBS FM OFVNร UJDP Z B TFMMBS MBT GVHBT FO MPT UBMPOFT 3FDPNFOEBEP QBSB OFVNร UJDPT DPO Z TJO Dร NBSB /P PYJEB MPT SJOFT P MBT SVFEBT 6OB BQMJDBDJร O EVSB MB WJEB ร UJM EFM OFVNร UJDP

4FMMBEPS QBSB /FVNร UJDPT t 1BSB OFVNร UJDPT EF DBNJร O Z EF WFIร DVMPT BHSร DPMBT

/P 0SEFO

t 4FMMB QPODIBEVSBT QFSGPSBDJPOFT EF IBTUB w t 1SFWJFOF OFVNร UJDPT Z Dร NBSBT DBSDPNJEBT

/P 'BC 05354 45453$4 05354 454053 05354 454053 (

%FTDSJQDJร O 4FMMBEPS EF /FVNร UJDPT 053 1BMFUB EF 053 5JSF 4FBM 4FMMBEPS EF /FVNร UJDPT 053 1BMFUB EF 053 5JSF 4FBM 053 5JSF 4FBM 1BMFUB EF 053 5JSF 4FBM

5BNBร P (BMPOF (BMPOF (BMPOFT (BMPOFT (BMPOFT (BMPOFT

1FTP MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH

5JSF -JGF Z #PMTBT 5JSF -JGF 0QUJPOBM )BOE 1VNQ

$VBOEP PDVSSF VOB QPODIBEVSB QFSGPSBDJร O NJMFT EF QFRVFร BT GJCSBT Z EF QBSUร DVMBT EF IVMF HPNB DPOUFOJEBT FO VOB CBTF GMVJEB QFOFUSBO FO MB QBSUF EBร BEB EFM OFVNร UJDP FO GPSNB Sร QJEB QBSB TFMMBS MB QFSGPSBDJร O EFTEF FM JOUFSJPS EFM NJTNP -B Gร SNVMB BDPOEJDJPOB UBNCJร O FM GPSSP JOUFSJPS EFM OFVNร UJDP QBSB QSFWFOJS MBT SBKBEVSBT Z MB EFTUSVDDJร O EF ร TUF RVF QVFEFO DBVTBS QFRVFร BT GVHBT DSร OJDBT /P PYJEB MPT OFVNร UJDPT P MPT SJOFT 6OB BQMJDBDJร O EVSB VO QFSร PEP JHVBM B MB WJEB ร UJM EFM OFVNร UJDP 3FTJTUF MB DPOHFMBDJร O IBTUB ยก$ /P 0SEFO /P 'BC 9. 45 9.*

%FTDSJQDJร O 5JSF 4FBM 1BMFUB EF 5JSF 4FBM 5JSF 4FBM 1BMFUB EF 5JSF 4FBM 5JSF 4FBM 1BMFUB EF 5JSF 4FBM )BOE 1VNQ GPS (BM )BOE 1VNQ GPS (BM 7BMWF $PSF 3FNPWFS 'JMMFS

5BNBร P (BMร O (BMร O (BMPOFT (BMPOFT (BMPOFT (BMPOFT

1FTP MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH

4FMMBEPS $PODFOUSBEP QBSB /FVNร UJDPT -JRVJ 'JMM t 1BSB OFVNร UJDPT EF WFIร DVMPT BHSร DPMBT EF MMFOBEP DPO Mร RVJEP 1BSB VTP DPO OFVNร UJDPT DPO MMFOBEP EF DMPSVSP EF DBMDJP BHVB P BOUJDPOHFMBOUF *OTUBMF DPO VOB CPNCB NBOVBM BOUFT P EFTQVร T EF RVF FM OFVNร UJDP IB TJEP MMFOBEP DPO MBTUSF 6TF VO HBMร O EF 4FMMBEPS $PODFOUSBEP i-JRVJ 'JMMw QPS HBMPOFT EF MBTUSF Mร RVJEP /P 0SEFO %FTDSJQDJร O 4FMMBEPS $PODFOUSBEP -JRVJ 'JMM o (BMPOFT

1FTP MCT LH

5PUBM ** t 1SFWJFOF MB DPSSPTJร O EF MPT SJOFT Z EF MBT SVFEBT t 1SFWJFOF MB EFHSBEBDJร O Z FM DBSDPNB MPT GPSSPT JOUFSJPSFT EFM OFVNร UJDP t &YUJFOEF MB WJEB EF TFSWJDJP EF MPT OFVNร UJDPT %JTFร BEP QBSB QSFWFOJS ร YJEP Z DPSSPTJร O FO OFVNร UJDPT Z SJOFT EF BDFSP 3FEVDF FM EBร P FO MPT UBMPOFT EVSBOUF FM NPOUBKF Z EFTNPOUBKF EF MPT OFVNร UJDPT 1SFWJFOF MB EFHSBEBDJร O EF MPT GPSSPT JOUFSJPSFT Z FM DBSDPNB EFM OFVNร UJDP MVCSJDBOEP MPT NJTNPT "ZVEB BM EFTNPOUBKF EF OFVNร UJDPT #JPEFHSBEBCMF Z OP EBร JOP QBSB FM NFEJP BNCJFOUF /P FT SFDPNFOEBEP QBSB VTP FO OFVNร UJDPT EF BMVNJOJP /P 0SEFO

/P 'BC

%FTDSJQDJร O 5PUBM ** 5PUBM ** 505 ** 505 1BMFUB EF 5PUBM ** 5PUBM ** 505 ** ( 505 ( 1BMFUB EF 5PUBM ** 5PUBM ** 505 ** ( 1BMFUB EF 5PUBM ** 505 (

5BNBร P (BMร O (BMPOFT (BMPOFT (BMPOFT (BMPOFT (BMPOFT (BMPOFT

1SPUFDDJร O QBSB MB DBSDBTB EF OFVNร UJDPT EF WFIร DVMPT QBSB QBTBKFSPT DBNJPOFT Z WFIร DVMPT GVFSB EF DBSSFUFSB 053 QPS TVT TJHMBT FO JOHMร T 3FEVDF MBT QSJODJQBMFT DBVTBT EF EBร PT FO MB DBSDBTB EFM OFVNร UJDP GBMUB EF JOGMBEP TPCSFDBMFOUBNJFOUP DPSSPTJร O FO MPT CVKFT NJHSBDJร O EF BJSF FO FM DVFSQP EF MBT DVFSEBT Z PYJEBDJร O EF MBT QMBDBT EF BDFSP FO OFVNร UJDPT SBEJBMFT 1POHB MB CPMTB i5JSF -JGF ยฅw FO FM OFVNร UJDP BOUFT EF JOTUBMBSMP 1BSB VTP FO UPEPT MPT OFVNร UJDPT TJO Dร NBSB Z TJO CBMBODFP EFTEF IBTUB /P 0SEFO

%FTDSJQDJร O #PMTB i5JSF -JGFw QPS DBKB 5JSF -JGF 5JSF -JGF

5BNBร P 0O[BT (BMร O (BMPOFT CBSSJM

1FTP MCT LH MCT LH MCT LH

%FUFDUPS EF MBT 'VHBT EFM /FVNร UJDP %FUFDUPS EF GVHBT FO BFSPTPM RVF NVFTUSB MBT GVHBT Nร T QFRVFร BT QPS NFEJP EF CVSCVKBT $PODFOUSBEP EJMVJEP RVF FT VUJMJ[BEP FO "FSPTPM UJQP i"UPNJ[BEPS 4FHVSPw V PUSP BFSPTPM BDUJWBEP B QSFTJร O DPNQMFUBNFOUF TPCSF FM OFVNร UJDP 6TF FO OFVNร UJDPT JOTUBMBEPT P OP FO FM WFIร DVMP %JMVZB DVDIBSBEBT DPO DVBSUP EF HBMร O P PO[BT DPO VO HBMร O EF BHVB /P 0SEFO

/P 'BC 55 55 55 )1/ %

%FTDSJQDJร O #PUF 1Mร TUJDP ย (BMร O +BSSB 1Mร TUJDB EF (BMร O $VCFUB $VCP EF (BMPOFT #BSSJM EF (BMPOFT "FSPTPM UJQP i"UPNJ[BEPS 4FHVSPw

1FTP MCT LH MCT LH MCT LH MCT LH

4FMMBEPS EF /FVNร UJDPT EF "MUB 5FNQFSBUVSB i&DP4FBM t 1BSB VTPT DPO OFVNร UJDPT EF DBNJPOFT SFDPHFEPSFT EF CBTVSB 4FMMBEPS B CBTF EF BHVB EJTFร BEP QBSB TFMMBS GVHBT FO OFVNร UJDPT EF ย FO FM ร SFB EF MB DPSPOB EFM OFVNร UJDP -PT BMUPT OJWFMFT EF 1) QSFWJFOFO MB DPSSPTJร O Z MPT EBร PT DBVTBEPT FO MBT SVFEBT VTBEBT DPO BMHVOPT TFMMBEPSFT /P 0SEFO /P 'BC 45 9.

%FTDSJQDJร O &DP4FBM $VCFUB EF (BMPOFT &DP4FBM #BSSJM EF (BMPOFT &DP4FBM #PMTB EF (BMPOFT #PNCB .BOVBM EF (BMPOFT #PNCB EF 5SBTJFHP (BMPOFT

NZFSTUJSFTVQQMZ DPN

1FTP MCT LH MCT LH MCT LH MCT LH MCT LH


1VODUVSF 4FDUJPO 3FQBJS .ZFST 5JSF 4VQQMZ FT FM DFOUSP EF EJTUSJCDJPO EF SFQBSBDJPOFT EF TFDDJØO Z QVODJØO 1BSB DVBMRVJFS IFSSBNJFOUB TVNJOJTUSP Z FRVJQP OFDFTBSJP QBSB MB SFQBSBDJØO EF VO OFVNBUJDP `.ZFST FT TV ÞOJDB GVFOUF 5FOFNPT QVMJEPSFT P SBTQBEPSFT EF WFMPDJEBE BMUB Z CBKB EF .54 1/&6."5*$ $1 *3 Z %05$0 BEFNÈT EF BEBQUBEPSFT Z NBOESJMFT EF DBNCJP SÈQJEP /VFTUSB WBSJFEBE EF IFSSBNJFOUBT NBOVBMFT JODMVZFO QVO[POFT TPOEBT IFSSBNJFOUBT EF JOTFSDJØO FTQÈUVMBT Z VOB MÓOFB DPNQMFUB EF DVDIJMMPT %&95&3 3644&-- -PT DSBZPOFT ."3,"- #3*5& ."3, Z .:&34 5*3& 4611-: FTUÈO EJTQPOJCMFT FO VOB WBSJFEBE EF DPMPSFT 5FOFNPT FO TUPDL DFQJMMPT CSPDBT TØMJEBT EF DPSUF EF DBSCVSP Z EF QJFESBT EF BMUB WFMPDJEBE Z SBTQBEPSFT QBSB SFQBSBDJØO EF OFVNBUJDPT - 3 0-*7&3 # + 36##&3)0( %6"- -*'&Z 5&.$0 1BSB MB SFQBSBDJØO PGSFDFNPT MPDBMJ[BEPSFT -*/$0-/ Z 8*//&3 Z TJTUFNBT EF DVSBDJØO 76-$"/ 76-$"1 .0/"'-&9

%FUFDUPS EF 'VHBT EF 1FSGPSBDJPOFT EF $MBWPT

1VO[ØO QBSB /FVNÈUJDPT

t 4F VTB QBSB EFUFDUBS GVHBT EF BJSF TFQBSBDJPOFT F JOTQFDDJØO GJOBM EFTQVÏT EFMBT SFQBSBDJPOFT t *ODMVZF SJO FYQBOEJCMF EF t 7FS QÈHJOB QBSB NÈT SJOFT FYQBOEJCMFT

$PO QVOUB FTQFDJBM UJQP QBMFUB RVF OP EB×B MBT DVFSEBT EFM OFVNÈUJDP BM SFBMJ[BS SFQBSBDJPOFT /P 0SEFO

/P 0SEFO 55

%FTDSJQDJØO 1VO[ØO

-POHJUVE EF MB "HVKB £

1VO[ØO EF "MUB 3FTJTUFODJB

/P 0SEFO

/P 0SEFO )%

%FTDSJQDJØO 1VO[ØO %& "MUB 3FTJTUFODJB

-POHJUVE EF MB "HVKB

1VO[ØO DPO 1VOUB 'JOB 7FSJGJDB SÈQJEBNFOUF QVOUPT EF QPODIBEVSBT QFSGPSBDJPOFT FO OFVNÈUJDPT VTBEPT &M SJO JOGMBCMF QFSNJUF BM PQFSBEPS NPOUBS JOGMBS SFWJTBS Z EFTNPOUBS FM OFVNÈUJDP FO NFOPT EF TFHVOEPT *OGMF B QTJ SPUF FM OFVNÈUJDP Z SPDÓF DPO FM EFUFDUPS EF GVHBT QBSB JEFOUJGJDBS MBT GVHBT FO GPSNB SÈQJEB *ODMVZF SJO FYQBOEJCMF EF EF BODIP QBSB OFVNÈUJDPT EF GJMUSP SFHVMBEPS Z IFSSBNJFOUB BVYJMJBS QBSB DPOFYJØO EF BJSF JODMVZF PQFSBDJØO DPO QFEBM 3FRVJFSF VOB QSFTJØO EF QTJ SPTDB IFNCSB /P 0SEFO /P 'BC 14* 553 55

%FTDSJQDJØO 1FTP MCT LH %FUFDUPS EF 'VHBT EF 1FSGPSBDJPOFT EF $MBWPT %FUFDUPS EF 'VHBT EF 1FSGPSBDJPOFT EF $MBWPT 3PUBUJWP MCT LH MCT LH %FUFDUPS 1FSGPSBDJPOFT EF $MBWPT EF "MUB 1SFTJØO

.BOHP EF QVMHBEBT DPO NBOESJM QBSB TVTUJUVJS MB QVOUB 4F VUJMJ[B QBSB MJCFSBS FM BJSF BUSBQBEP EF MB DBSDBTB Z QBSB SFNPWFS PCKFUPT FYUSB×PT EFM OFVNÈUJDP /P 0SEFO

/P 'BC , , "

%FTDSJQDJØO -POHJUVE EF MB "HVKB 1VO[ØO DPO 1VOUB 'JOB 1VOUB EF 3FQVFTUP

t TBMFT!NZFSTUJSFTVQQMZ DPN


$VDIJMMP $VSWFBEP EF 1VOUB $VBESBEB &TDBSJBEPS EF "MUB %VSBDJØO DPO .BOHP FO 'PSNB EF 5

&TDBSJBEPS EF BMUB EVSBDJØO DPO NBOHP EF BMVNJOJP FO GPSNB EF 5 4F VUJMJ[B QBSB MJCFSBS FM BJSF BUSBQBEP EF MB DBSDBTB Z QBSB SFNPWFS PCKFUPT FYUSB×PT EFM OFVNÈUJDP /P 0SEFO

%FTDSJQDJØO &TDBSJBEPS DPO .BOHP FO 5 3FQVFTUP QBSB "HVKB

#MBEF -FOHUI

&ODFNFOUBEPSB UJQP 1VO[ØO EF "MUB %VSBDJØO DPO &TQJSBM Z .BOHP FO 'PSNB EF 5 1VO[ØO EF "MVNJOJP EF "MUB %VSBDJØO 4F VUJMJ[B QBSB MJCFSBS FM BJSF BUSBQBEP EF MB DBSDBTB Z QBSB SFNPWFS PCKFUPT FYUSB×PT EFM OFVNÈUJDP /P 0SEFO

%FTDSJQDJØO 1VO[ØO FO 5 DPO &TQJSBM 3FQVFTUP 1VO[ØO &TQJSBM

#MBEF -FOHUI ›

1VO[ØO 3BTQBEPSB UJQP 1JTUPMB

%FTDSJQDJØO #MBEF -FOHUI 1VO[ØO 3BTQBEPSB UJQP 1JTUPMB ›

1JTUPMB &ODFNFOUBEPSB UJQP 1VO[ØO DPO &TQJSBM %JTF×BEB QBSB FTDBSFBS Z BQMJDBS DFNFOUP B MBT QBSFEFT EF MBT QBSUFT EB×BEBT EFM OFVNÈUJDP /P 0SEFO

/P 'BC

%FTDSJQDJØO 1VO[ØO DPO &TQJSBM

"CSB MB IFSSBNJFOUB EF BHBSSF EF QJTUPMB EF PKPT

/P 0SEFO %FTDSJQDJØO 0QFO &ZF 053 *OTFSU 5PPM

#MBEF -FOHUI ›

#MBEF -FOHUI

)FSSBNJFOUB EF *OTFSDJØO EF 0KP EF "HVKB $FSSBEP *OTFSUP UJQP 1JTUPMB EF PKP EF BHVKB DFSSBEP QBSB JOTUBMBS IJMPT FO SFQBSBDJPOFT EF QPODIBEVSBT QFSGPSBDJPOFT EF DMBWPT FO OFVNÈUJDPT TJO DÈNBSB /P 0SEFO

%FTDSJQDJØO

#MBEF -FOHUI

)FSSBNJFOUB EF *OTFSDJØO EF 0KP EF "HVKB $FSSBEP

)FSSBNJFOUB EF *OTFSDJØO EF 0KP EF "HVKB $FSSBEP )FSSBNJFOUB EF *OTFSDJØO UJQP 1JTUPMB PKP EF BHVKB BCJFSUP QBSB JOTUBMBS UPEP UJQP EF JOTFSUPT UBQPOFT QMBOPT SFEPOEPT Z PWBMBEPT FO OFVNÈUJDPT EF WFIÓDVMPT EF QBTBKFSPT Z DBNJPOFT /P 0SEFO

4F VUJMJ[B QBSB EFUFSNJOBS FM BMDBODF Z ÈOHVMP EF QPODIBEVSBT QFSGPSBDJPOFT BTÓ DPNP MPT EB×PT FO FM OFVNÈUJDP /P /P 0SEFO 'BC

)FSSBNJFOUBT EF *OTFSDJØO

%FTDSJQDJØO

#MBEF -FOHUI

)FSSBNJFOUB EF *OTFSDJØO EF 0KP EF "HVKB "CJFSUP

)FSSBNJFOUB EF *OTFSDJØO DPO .BOHP FO 'PSNB EF 5

)FSSBNJFOUB EF *OTFSDJØO DPO NBOHP FO GPSNB EF 5 Z PKP EF BHVKB BCJFSUP QBSB JOTUBMBS UPEP UJQP EF JOTFSUPT QMBOPT SFEPOEPT PWBMBEPT FO OFVNÈUJDPT EF WFIÓDVMPT EF QBTBKFSPT Z DBNJPOFT /P 0SEFO

%FTDSJQDJØO )FSSBNJFOUB EF *OTFSDJØO UJQP 5 DPO "HVKB QBSB /FVNÈUJDPT EF 7FIÓDVMPT EF 1BTBKFSPT 3FQVFTUP EF "HVKB EF )FSSBNJFOUB EF *OTFSDJØO QBSB /FVNÈUJDPT EF 7FIÓDVMPT EF 1BTBKFSPT .BOHP UJQP 5 QBSB $BNJØO DPO "HVKB 3FQVFTUP EF "HVKB EF )FSSBNJFOUB EF *OTFSDJØO QBSB /FVNÈUJDPT EF $BNJØO

)FBWZ %VUZ 5 )BOEMF 4QMJU &ZF 5PPM

&TDBSJBEPSFT

-B IFSSBNJFOUB NÈT ÞUJM EFM PQFSBEPS BM QSFQBSBS OFVNÈUJDPT QBSB SFQBSBDJØO /P 0SEFO

%FTDSJQDJØO &TDBSJBEPS &TDBSJBEPS

%JB ¼

#MBEF -FOHUI

)FSSBNJFOUB EF *OTFSDJØO EF BMVNJOJP EF BMUB SFTJTUFODJB DPO NBOHP FO GPSNB EF 5 Z PKP EF BHVKB BCJFSUP /P 0SEFO

%FTDSJQDJØO "HVKB FO GPSNB EF 0KP EF "HVKB "CJFSUP DPO .BOHP 3FQVFTUP EF "HVKB FO GPSNB EF 0KP EF "HVKB "CJFSUP

)FSSBNJFOUBT 053

/P 0SEFO %FTDSJQDJØO )FSSBNJFOUB EF *OTFSDJØO EF 053 EF 0KPT )FSSBNJFOUB EF *OTFSDJØO EF 053 053 )FSSBNJFOUB $FNFOUP 4QJSBM

#MBEF -FOHUI

NZFSTUJSFTVQQMZ DPN


4UJUDIFST 3BTQBEPSFT EF 'PSSP *OUFSJPS

3BTQBEPS 3PEJMMP .FDÈOJDP

/P 0SEFO

1BSB MJNQJBS MPT GPSSPT JOUFSJPSFT FO USBCBKPT EF SFQBSBDJØO EF QPODIBEVSBT QFSGPSBDJPOFT Z TFDDJPOFT QSFWJP BM QVMJEP 3FNVFWF MVCSJDBOUFT VUJMJ[BEPT QBSB JOTUBMBDJØO TJMJDPOFT FUD EF MB TVQFSGJDJF EFM GPSSP JOUFSJPS /P 0SEFO %FTDSJQDJØO 3BTQBEPS EF 'PSSP *OUFSJPS &DPOPNZ 3BTQBEPS

-FOHUI

/P 'BC , "

%FTDSJQDJØO 1BSB /FVNÈUJDPT TJO $ÈNBSB Z 5VCPT *OUFSJPSFT

3JCFUFBEPS 3PEJMMP DPO 4PQPSUF EF #PMBT t )BZ PUSPT UBNB×PT EJTQPOJCMFT DPOUÈDUFOPT

#SPDB $PSUBEPSB EF "MBNCSFT /P 0SEFO /P 'BC 'MBU &EHF , " 4FSSBUFE &EHF , , , , , ,

1BSB VTP DPO BNPMBEPSBT EF CBKB WFMPDJEBE P NPUPSFT EF UBMBESP -JNQJB Z DPOUPSOFB FM ÈSFB QFSGPSBEB /P 0SEFO

/P 'BC ,

4J[F *ODIFT ¼

%FTDSJQDJØO ;BODP 3FDUP

#BTUØO EF "MBNCSF QBSB +BMBS 7ÈTUBHPT

%FTDSJQDJØO Y › › Y Y › Y Y ¼ › Y › Y ¼

6UJMJ[BEPT QBSB SFQBSBS DBOBMFT EF QFSGPSBDJØO FO FM OFVNÈUJDP /P 0SEFO %FTDSJQDJØO #BTUØO EF "MBNCSF QBSB +BMBS 7ÈTUBHPT

-FOHUI

$FQJMMP QBSB /FVNÈUJDPT Z 3JOFT

/P 0SEFO /P 'BC , ,

%FTDSJQDJØO › Y › 'MBU Y 'MBU

$FQJMMP EF BMBNCSF DPO DFSEBT EF EF MBSHP $PO NBOHP DVSWFBEP EF QBSB GBDJMJEBE EF VTP /P 0SEFO /P 'BC 55

%FTDSJQDJØO $FQJMMP QBSB /FVNÈUJDPT Z 3JOFT

$FQJMMP DPO $FSEBT EF -BUØO

/P 0SEFO /P 'BC , %

3PEJMMPT DPO CBMFSP EF CPMBT Z NBOJKB EF QPMJFUJMFOP

6UJMJDF QBSB MJNQJBS MPT GPSSPT JOUFSJPSFT QVMJEPT BOUFT EF DFNFOUBS Z BQMJDBS MB VOJEBE EF SFQBSBDJØO 'JMBT EF Y DPO NBOHP EF › Y /P 0SEFO /P 'BC 5% 3

%FTDSJQDJØO Y 5JQP 1VFSDPFTQÓO DPO MÓOFBT EF 1JOFT QJOFT QPS MÓOFB &YU ¼

t .PWJNJFOUP TVBWF EF CBMFSP EF CPMBT Z NBOJKB EF BMUB SFTJTUFODJB

%FTDSJQDJØO $FQJMMP DPO $FSEBT EF -BUØO

5JKFSBT *OEVTUSJBMFT .BOHP SFDUP

.BOHP JODMJOBEP

5JKFSBT HSBOEFT EF BMUB SFTJTUFODJB DPO IPKBT EF BDFSP /P 0SEFO

/P 'BC , , , , "

%FTDSJQDJØO .BOHP 3FDUP 3) .BOHP *ODMJOBEP - ) .BOHP *ODMJOBEP .BOHP *ODMJOBEP

5BNB×P

$PSUF

1FTP MCT LH MCT LH MCT LH MCT LH

/P 0SEFO

&RVJWBMFOU 5P , , , ,

%FTDSJQDJØO › Y #PSEF BTFSSBEP Y #PSEF BTFSSBEP Y ¼ #PSEF BTFSSBEP › Y #PSEF BTFSSBEP

t TBMFT!NZFSTUJSFTVQQMZ DPN


$VDIJMMBT $VDIJMMB EF &TDBMQFMP DPO 1VOUB $VSWFBEB

$VDIJMMB DPO 1VOUB

/P 0SEFO

/P 'BC ,

5BNB×P EF MB )PKB

$VDIJMMB EF )PKB 'MFYJCMF QBSB 3FCBKBS 4VQFSGJDJFT

/P 0SEFO

/P 'BC , , "

5BNB×P EF MB )PKB

/P 0SEFO

/P 'BC . ,

%FTDSJQDJØO 4PMBNFOUF FM NBOHP ¼ $VDIJMMB 1BRVFUF EF

$VDIJMMB EF 1VOUB "GJMBEB &YUSB $VSWFBEB

/P 0SEFO

/P 'BC ,

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t "MUB 7FMPDJEBE 31. Z NÈT o QBSB $VFSEB EF "MBNCSF

MCT LH

NZFSTUJSFTVQQMZ DPN


3BTQBEPSFT /FVNÃUJDPT EF #BKB 7FMPDJEBE t 31.

5BMBESP /FVNÈUJDP 3FWFSTJCMF EF ›

t * ODMVZF DIVDL P NBOESJM EF DBNCJP SÈQJEP FTDBQF USBTFSP Z NBOHVFSB GMFYJCMF

t $ PO LJU EF NBOHVFSB EF FTDBQF USBTFSB

3BTQBEPS /FVNÈUJDP EF #BKB 7FMPDJEBE

t 1 BSB OFVNÈUJDPT EF WFIÓDVMP EF QBTBKFSPT DBNJPOFT MJWJBOPT Z GPSSPT JOUFSJPSFT

$BCF[B EF FOHSBOBKF DPO QBMBODB SFHVMBEPSB QBSB VO UPSRVF NÈT SFTJTUFOUF *ODMVZF DIVDL P NBOESJM EF DBNCJP SÈQJEP &TQFDJGJDBDJPOFT SQN DBQBDJEBE EF MB SVFEB EJTDP EF EJÈNFUSP NBOHVFSB EF BJSF EF c FOUSBEB EF BJSF EF ž SPTDB IFNCSB DPOTVNP QSPNFEJP EF BJSF DGN QSFTJØO EF BJSF FO GVODJPOBNJFOUP QTJ /P 0SEFO

/P 'BC 4

%FTDSJQDJØO 3BTQBEPS /FVNÈUJDP EF #BKB 7FMPDJEBE &TDBSJBEPS

1FTP MCT LH

3BTQBEPS /FVNÈUJDP EF #BKB 7FMPDJEBE %05$0 t 31.

*EFBM QBSB QFSGPSBDJPOFT HSBOEFT Z DPSUFT EF DPOFDUPSFT FTQFDJBMNFOUF FO CBOEBT EF SPEBEVSB EF OFVNÈUJDPT EF DBNJØO #PUØO BQBHBEPS MBUFSBM DPO GVODJØO EF SFWFSTB DFSDB EFM HBUJMMP Z NBOHP BVYJMJBS &TQFDJGJDBDJPOFT *ODMVZF DIVDL P NBOESJM +BDPC NPUPS › IQ SQN DPOTVNP EF BJSF QSPNFEJP EF DGN FOUSBEB EF BJSF EF ž UBNB×P NÓOJNP EF MB NBOHVFSB c /P 0SEFO /P 'BC %FTDSJQDJØO 5BMBESP /FVNÈUJDP 3FWFSTJCMF . ,JU EF 3FQVFTUP EF &TDBQF 5SBTFSP 7FB QÈHJOB QBSB )FSSBNJFOUBT EF $PSUF EF $BSCVSP

1FTP MCT LH MCT LH

$PNCJOBDJØO EF 3BTQBEPS /FVNÈUJDP &TDBSJBEPS .:&34

t * ODMVZF DIVDL P NBOESJM EF DBNCJP SÈQJEP NBOHVFSB GMFYJCMF EF Z NBOHVFSB EF FTDBQF EF

t 7FMPDJEBE WBSJBCMF EF IBTUB 31. t *ODMVZF FTDBQF USBTFSP Z NBOHVFSB GMFYJCMF t $IVDL P .BOESJM +BDPC EF

&TQFDJGJDBDJPOFT IQ SQN NBOHVFSB EF BJSF EF c FOUSBEB EF BJSF EF ž SPTDB IFNCSB QSFTJØO EF BJSF FO GVODJPOBNJFOUP QTJ /P 0SEFO

/P 'BC -'

%FTDSJQDJØO "GJMBEPS DPO $IVDL P .BOESJM &TDBQF Z .BOHVFSB 'MFYJCMF 3FQVFTUP EF .BOHVFSB 'MFYJCMF ,JU EF &TDBQF QBSB 6OJEBE $PNQVFTUB 3FQVFTUP EF .BOHVFSB 'MFYJCMF ,JU QBSB $VFSQP EF "MVNJOJP

3BTQBEPS /FVNÈUJDP *3 EF #BKB 7FMPDJEBE Z $BQBDJEBE .FEJB

/P 0SEFO /P 'BC 4-1 4-1

t 31. t *ODMVZF FTDBQF USBTFSP Z NBOHVFSB GMFYJCMF

t "MUB 7FMPDJEBE 31. Z NÈT o QBSB $VFSEB EF "MBNCSF

/P 'BC -+ 5# $ .5 -5,

%FTDSJQDJØO 3BTQBEPS /FVNÈUJDP &TDBSJBEPS EF #BKB 7FMPDJEBE $IVDL P .BOESJM 0QDJPOBM EF $BNCJP 3ÈQJEP &TDBQF EF 3FQVFTUP ,JU EF "GJOBDJØO

1FTP MCT LH MCT LH MCT LH MCT LH

.BOHVFSB EF &TDBQF EF 3FQVFTUP /P 'BC

*'$

%FTDSJQDJØO EF %JÈNFUSP Z EF -POHJUVE EF %JÈNFUSP Z EF -POHJUVE "OJMMP 1MÈTUJDP EF EF %JÈNFUSP

.BOHVFSBT 'MFYJCMFT -POHJUVE EF /P 0SEFO

1FTP MCT LH MCT LH

t #BKB 7FMPDJEBE o 31. QBSB 3BTQBS FM )VMF (PNB

1BSB OFVNÈUJDPT EF WFIÓDVMPT EF QBTBKFSPT Z EF DBNJØO MJWJBOP )VTJMMP EF SPTDB PGJDJBM QBSB VO DBNCJP SÈQJEP EFM DIVDL P NBOESJM &TQFDJGJDBDJPOFT IQ SQN DPO WFMPDJEBE MJCSF EF SQN UBNB×P NÓOJNP EF MB NBOHVFSB EF c FOUSBEB EF BJSF EF ž SPTDB IFNCSB DPOTVNP EF BJSF QSPNFEJP EF DGN QSFTJØO EF BJSF FO GVODJPOBNJFOUP EF QTJ

/P 0SEFO

%FTDSJQDJØO $PNCJOBDJØO EF 3BTQBEPS /FVNÈUJDP &TDBSJBEPS ,JU EF 3FQBSBDJØO

&TQFDJGJDBDJPOFT EFM 3BTQBEPS /FVNÈUJDP

0QDJPOBM $IVDL P .BOESJM

/P 0SEFO

)FSSBNJFOUB EF WFMPDJEBE WBSJBCMF RVF QVFEF TFS VUJMJ[BEB DPNP VO SBTQBEPS OFVNÈUJDP P DPNP VO FTDBSJBEPS EF BMUB WFMPDJEBE .BOHVFSB EF FTDBQF USBTFSB DIVDL P NBOESJM +BDPC EF &TQFDJGJDBDJPOFT SQN IQ NBOHVFSB EF BJSF EF FOUSBEB EF BJSF EF ž SPTDB IFNCSB DPOTVNP EF BJSF QSPNFEJP EF DGN QSFTJØO EF BJSF FO GVODJPOBNJFOUP EF QTJ EF c SPTDB

$BM[BT * % ¼

.15 &OET ¼ ¼ h

/P 0SEFO

$BM[BT * % › › ›

.15 &OET ¼ ›

5BCMB EF $PNQBSBDJØO EF 3BTQBEPSFT /FVNÈUJDPT EF #BKB 7FMPDJEBE $POTVNP /P 7FMPDJEBE &OUSBEB .BOHVFSB EF EF "JSF 0SEFO -JCSF 31. )1 EF "JSF "JSF .ÓOJNB 1SPNFEJP ¼ DGN ¼ DGN ¼ DGN ¼ DGN ¼ DGN ¼ DGN ¼ DGN ¼ DGN ¼ DGN ¼ DGN ¼ DGN

1SFTJPO EF "JSF 3FRVFSJEB 14* 14* 14* 14* 14* 14* 14* 14* 14* 14* 14*

5BCMB EF $PNQBSBDJØO EF 3BTQBEPSFT /FVNÈUJDPT EF "MUB 7FMPDJEBE $POTVNP /P 7FMPDJEBE &OUSBEB .BOHVFSB EF EF "JSF 0SEFO -JCSF 31. )1 EF "JSF "JSF .ÓOJNB 1SPNFEJP ¼ DGN ¼ DGN ¼ DGN ¼ DGN ¼ DGN ¼ ¼ DGN ¼ DGN ¼ DGN

1SFTJPO EF "JSF 3FRVFSJEB 14* 14* 14* 14* 14* 14* 14* 14*

t TBMFT!NZFSTUJSFTVQQMZ DPN


3BTQBEPSFT /FVNÃUJDPT EF "MUB 7FMPDJEBE 3BTQBEPS /FVNÈUJDP EF "MUB 7FMPDJEBE .:&34

t 31. QBSB SFDPSUBS DVFSEBT EF BMBNCSF

t 31. QBSB SFDPSUBS DVFSEBT EF BMBNCSF

t *ODMVZF FTDBQF USBTFSP Z NBOHVFSB GMFYJCMF

3BTQBEPS /FVNÈUJDP EF "MUB 7FMPDJEBE $1

t $PO DIVDL P NBOESJM EF DBNCJP SÈQJEP P DIVDL +BDPC t *ODMVZF FTDBQF USBTFSP Z NBOHVFSB GMFYJCMF

1BSB VTP DPO QJFESBT EF BGJMBS EF BMUB WFMPDJEBE *ODMVZF QBMBODB SFHVMBEPSB &TQFDJGJDBDJPOFT IQ SQN NBOHVFSB EF BJSF EF c FOUSBEB EF BJSF EF SPTDB IFNCSB DPOTVNP EF BJSF QSPNFEJP EF DGN QSFTJØO EF BJSF FO GVODJPOBNJFOUP QTJ /P 0SEFO %FTDSJQDJØO )JHI 4QFFE #VGGFS XJUI 2VJDL $IBOHF $IVDL 3BTQBEPS /FVNÈUJDP EF "MUB 7FMPDJEBE DPO $IVDL +BDPC

$PO BMUB QSFDJTJØO QBSB MJNQJBS Z BGJMBS SÈQJEBNFOUF MBT DVFSEBT EF BMBNCSF -B QBMBODB DPO SFHVMBEPS DPOUSPMB VO BNQMJP SBOHP EF WFMPDJEBEFT &M FTDBQF USBTFSP Z NBOHVFSB BZVEBO B QSFWFOJS MB DPOUBNJOBDJØO EFM ÈSFB EF SFQBSBDJØO &TQFDJGJDBDJPOFT IQ SQN UBNB×P NÓOJNP EF MB NBOHVFSB EF c FOUSBEB EF BJSF EF DPO SPTDB NBDIP DPOTVNP EF BJSF QSPNFEJP EF DGN QSFTJØO FO GVODJPOBNJFOUP EF QTJ /P 0SEFO

3BTQBEPS /FVNÈUJDP EF "MUB 7FMPDJEBE DPO $VFMMP EF .:&34

3FG /P $1 $

%FTDSJQDJØO 3BTQBEPS /FVNÈUJDP EF "MUB 7FMPDJEBE $VFMMP 0QDJPOBM EF

1FTP MCT LH

3BTQBEPS /FVNÈUJDP EF "MUB 7FMPDJEBE %05$0

t 31. QBSB SFDPSUBS DVFSEBT EF BMBNCSF t %JTQPOJCMF DVFMMP PQDJPOBM EF

t 31. QBSB SFDPSUBS DVFSEBT EF BMBNCSF

t *ODMVZF FTDBQF USBTFSP Z NBOHVFSB GMFYJCMF

t *ODMVZF FTDBQF EF Z NBOHVFSB GMFYJCMF EF

1BSB VTP DPO QJFESBT EF BGJMBS EF BMUB WFMPDJEBE *ODMVZF QBMBODB DPO SFHVMBEPS EPT MMBWFT Z DVFMMP EF &TQFDJGJDBDJPOFT IQ SQN NBOHVFSB EF BJSF EF FOUSBEB EF BJSF EF SPTDB IFNCSB DPOTVNP EF BJSF QSPNFEJP EF DGN QSFTJØO EF BJSF FO GVODJPOBNJFOUP QTJ /P 0SEFO %FTDSJQDJØO 3BTQBEPS /FVNÈUJDP DPO $VFMMP EF ¼ $VFMMP 0QDJPOBM EF

*ODMVZF DVFMMP EF NBOHVFSB GMFYJCMF EF Z NBOHVFSB EF FTDBQF EF &TQFDJGJDBDJPOFT IQ SQN NBOHVFSB EF BJSF EF c FOUSBEB EF BJSF EF SPTDB IFNCSB QSFTJØO EF BJSF FO GVODJPOBNJFOUP QTJ /P 0SEFO /P 'BC %FTDSJQDJØO - 3BTQBEPS /FVNÈUJDP $PNQMFUP .BOHVFSB 'MFYJCMF Z .BOHVFSB EF &TDBQF EF 3FQVFTUP QBSB 6OJEBE $PNQVFTUB $VFMMP EF .BOHVFSB 'MFYJCMF Z .BOHVFSB EF &TDBQF EF 3FQVFTUP QBSB 6OJEBE EF "MVNJOJP 3FQVFTUP EF -MBWF EF $PMMBS EF 3FQVFTUP EF -MBWF EF $PMMBS EF 3FQVFTUP EF $VFMMP EF ¼

.JOJ 3BTQBEPS /FVNÈUJDP EF "MUB 7FMPDJEBE DPO $VFMMP EF .:&34 t 31. QBSB SFDPSUBS DVFSEBT EF BMBNCSF t *ODMVZF FTDBQF USBTFSP Z NBOHVFSB GMFYJCMF

6O NPEFMP NÈT QFRVF×P JEFBM QBSB USBCBKBS FO ÈSFBT DPO FTQBDJP SFEVDJEP 1BSB VTP DPO QJFESBT EF BGJMBS EF BMUB WFMPDJEBE *ODMVZF QBMBODB DPO SFHVMBEPS EPT MMBWFT Z DVFMMP EF $VFMMP PQDJPOBM EF EJTQPOJCMF &TQFDJGJDBDJPOFT IQ SQN NBOHVFSB EF BJSF EF FOUSBEB EF BJSF EF SPTDB IFNCSB DPOTVNP EF BJSF QSPNFEJP EF DGN QSFTJØO EF BJSF FO GVODJPOBNJFOUP QTJ

3BTQBEPS /FVNÈUJDP EF "MUB 7FMPDJEBE *3 t 31. t "DFMFSBEPS EF QBMBODB t * ODMVZF NBOESJM EF DBNCJP SÈQJEP VOB NBOHVFSB GMFYJCMF EF h Z VOB NBOHVFSB EF FTDBQF EF h

/P 0SEFO %FTDSJQDJØO .JOJ 3BTQBEPS /FVNÈUJDP EF "MUB 7FMPDJEBE DPO $VFMMP EF ¼ $VFMMP 0QDJPOBM EF

3BTQBEPS /FVNÈUJDP EF "MUB 7FMPDJEBE DPO "OHVMP 3FDUP

ÁTFMP DPO CSPDBT EF DPSUF EF DBSCVSP Z EF QJFESBT EF BMUB WFMPDJEBE QBSB NPMEFBS DBCMFT EF BDFSP &TQFDJGJDBDJPOFT IQ SQN NÓO NBOHVFSB EF BJSF EF c JO FOUSBEB EF BJSF EF JO GQU BJSF QSPNFEJP EF DGN QSFTJØO EF BJSF PQFSBUJWB EF QTJ

t 31. QBSB SFDPSUBS DVFSEBT EF BMBNCSF

/P 0SEFO /P 'BC %FTDSJQDJØO 1VMJEPS EF BMUB WFMPDJEBE DPO +BDPCT $IVDL *3 .BOHVFSB GMFYJCMF PQDJPOBM EF GU DPO JO EF EJÈNFUSP JOUFSOP DPO FYUSFNPT .15 ¼ JO .BOHVFSB EF FTDBQF PQDJPOBM EF EJÈNFUSP EF JO

t *ODMVZF FTDBQF USBTFSP Z NBOHVFSB GMFYJCMF &TQFDJGJDBDJPOFT $IVDL P .BOESJM UJQP DVFMMP EF SQN UBNB×P NÓOJNP EF MB NBOHVFSB EF FOUSBEB EF BJSF EF SPTDB NBDIP DPOTVNP EF BJSF QSPNFEJP EF DGN QSFTJØO EF GVODJPOBNJFOUP EF QTJ /P 0SEFO

/P 'BC "1 $

%FTDSJQDJØO 3BTQBEPS EF "OHVMP 3FDUP $VFMMP 0QDJPOBM EF

"OUFPKPT 1SPUFDUPSFT t 1BHJOB 1FTP MCT LH MCT LH MCT LH

NZFSTUJSFTVQQMZ DPN


3BTQBEPSFT /FVNÃUJDPT &TDBSJBEPSFT 3BTQBEPS /FVNÈUJDP &TDBSJBEPS EF "MUB 7FMPDJEBE Z .ÈYJNB 3FTJTUFODJB QBSB 7FIÓDVMPT EF 1BTBKFSPT Z $BNJPOFT 63:6

$IVDLT P .BOESJMFT EF $BNCJP 3ÈQJEP Z "EBQUBEPSFT

t 31. QBSB GPSSPT JOUFSJPSFT CBOEBT EF SPEBEVSB Z ÈSFBT EF

$IVDL P .BOESJM 0QDJPOBM

)FSSBNJFOUB EF BMUP QPEFS QBSB SBTQBS FTDBSJBS &TDBQF USBTFSP TJMFODJPTP QBMBODB DPO SFHVMBEPS QBSB DPOUSPMBS WBSJBT WFMPDJEBEFT Z DPOTUSVDDJØO EF DVBUSP DPNQPOFOUFT EF BMUB SFTJTUFODJB QBSB NBZPS EVSBDJØO -B IFSSBNJFOUB UJFOF VO IVTJMMP EF SPTDB PGJDJBM RVF TF BEBQUB BM DIVDL P NBOESJM EF DBNCJP SÈQJEP &TQFDJGJDBDJPOFT IQ SQN EJÈNFUSP EF MB SVFEB EF NBOHVFSB EF BJSF EF c FOUSBEB EF BJSF EF SPTDB IFNCSB DPOTVNP EF BJSF QSPNFEJP EF DGN QSFTJØO EF BJSF FO GVODJPOBNJFOUP EF QTJ /P 0SEFO

/P 'BC 6( &#, 5# $

%FTDSJQDJØO 3BTQBEPS &TDBSJBEPS /FVNÈUJDP EF "MUB 7FMPDJEBE 3BTQBEPS EF £ EF "ODIP EF %JÈNFUSP (SBOP " ) $IVDL P .BOESJM EF $BNCJP 3ÈQJEP 0QDJPOBM

1FTP MCT LH MCT LH MCT LH

/P 0SEFO

t 31. QBSB OFVNÈUJDPT 053 t *ODMVZF NBOHVFSB EF FTDBQF MBUFSBM Z NBOHVFSB GMFYJCMF USBTFSB

$IVDL P .BOESJM 0QDJPOBM

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5%8 3VFEB DPO $BSB 3FEPOEB EF $BSCVSP EF 5VOHTUFOP %JÈNFUSP " ) (SBOP 1BSB FTDBSJBEP

$IVDL P .BOESJM EF $BNCJP 3ÈQJEP 0QDJPOBM .2$

/P 'BC 5# $ .2$

%FTDSJQDJØO $IVDL P .BOESJM EF $BNCJP 3ÈQJEP 3PTDB )FNCSB EF o

5# 5# "

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5# 4

5# ") 5# #) $$ 5# #

$IVDL P .BOESJM EF $BNCJP 3ÈQJEP 3PTDB )FNCSB EF o

"EBQUBEPS $PSUP EF -POHJUVE EF "EBQUBEPS QBSB &KF EF DPO KVFHP EF 5PSOJMMPT "EBQUBEPS QBSB &KF EF ¼ DPO KVFHP EF 5PSOJMMPT "EBQUBEPSFT DPO 5BMMP QBSB ;BODP EF DPO KVFHP EF UPSOJMMPT "EBQUBEPSFT DPO 5BMMP QBSB ;BODP EF DPO KVFHP EF UPSOJMMPT "EBQUBEPS QBSB ;BODP EF Z DPO KVFHP EF UPSOJMMPT "EBQUBEPS EF $BNCJP 3ÈQJEP DPO &TQBDJBEPS "EBQUBEPS %PCMF QBSB $FQJMMP EF &TDBSJBEP "EBQUBEPS %PCMF EF $BNCJP 3ÈQJEP EF DPO 5VFSDB +VFHP EF 5PSOJMMPT EF Y QBSB "EBQUBEPSFT QPS #PMTB

$IVDLT P .BOESJMFT +BDPC Z "EBQUBEPSFT

1FTP MCT LH MCT LH MCT LH MCT LH

&TNFSJM "OHVMBS *3

t 31.

/P 0SEFO

/P 'BC 5# % 5# % ,

6TP QBSB BDBCBEP EF NPOUBKFT MBUFSBMFT FO SFQBSBDJPOFT EF MMBOUBT 053 &TQFDJGJDBDJPOFT NÈY WFMPDJEBE FO WBDÓP EF SQN EJÈNFUSP EF QJTUØO EF SPTDB EF TBMJEB EF B NBOHVFSB EF BJSF NÓOJNB EF c JO FOUSBEB EF BJSF EF JO GQU BJSF QSPNFEJP EF DGN BJSF QSPNFEJP FO DBSHB EF DGN QFTP EF FOWÓP EF MC

%FTDSJQDJØO &TNFSJM BOHVMBS

1FTP MCT LH

1BSB DFOUSPT MVCSJDBEPT DPO GÈDJM EFTMJ[BNJFOUP /FDFTJUBO MVCSJDBDJØO EFTQVÏT EF DBEB IPSBT EF GVODJPOBNJFOUP /P 0SEFO

/P 'BC #

$IVDL ,FZ

%FTDSJQDJØO $IVDL P .BOESJM Z -MBWF EF o 3PTDB EF ;BODP EF ¼ B 3PTDB .BDIP 4"& EF ;BODP EF ¼ B 3PTDB .BDIP 644 EF 1BSB 5BMBESP EF ¼ B 3PTDB .BDIP 644 EF ;BODP EF ¼ B 3PTDB .BDIP 4"( EF /P *MVTUSBEB

-VCSJDBOUF QBSB &KF 'MFYJCMF

/P 0SEFO /P 'BC *3 "

-

6TF DVBMRVJFSB EF MPT BEBQUBEPSFT MJTUBEPT DPO FM DIVDL P NBOESJM -PT SBTQBEPSFT Z PUSPT BDDFTPSJPT EF SFQBSBDJØO JOTUBMBEPT FO MPT BEBQUBEPSFT BEFDVBEPT MPHSBO VO TJTUFNB FGJDJFOUF Z QSPGFTJPOBM BM SFBMJ[BS SFQBSBDJPOFT

3BTQBEPS /FVNÈUJDP &TDBSJBEPS $PSUBEPS EF $PQBT 63:6

/P 0SEFO

%FTDSJQDJØO -VCSJDBOUF QBSB &KF 'MFYJCMF PO[BT

t TBMFT!NZFSTUJSFTVQQMZ DPN


3BTQBEPSFT /FVNÃUJDPT 'MFYJCMFT "EBQUBEPSFT QBSB ;BODPT 'MFYJCMFT Z 5BMBESPT

3BTQBEPSFT /FVNÈUJDPT 'MFYJCMFT DPO &KF 8:$0

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/P /P 0SEFO 'BC %FTDSJQDJØO "EBQUBEPSFT &TQFDJBM EF NN 4"& ' NN 644. 5# 3 5# 1BSB 4JPVY o 644 ' o . 5# &TQFDJBM EF o 4"& ' o . &KF EF 3VFEB DPO #SJEBT 5# " 1BSB 8ZDP 4"& ' . 5# % #FMM NN 4"& ' NN 644. 5# 3 1BSB 8ZDP 4"& ' . &KF EF 3VFEB TJO #SJEBT Z DPO 5VFSDBT 5# # &TQFDJBM EF NN 4"& ' NN 644. 5# $ &TQFDJBM EF NN 4"& ' NN 4"&. 5# % 1BSB 4JPVY NN 644' NN 4"&. 3PTDB )FNCSB EF $BNCJP 3ÈQJEP

0SEFS /P

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7FMPDJEBE 3 1 .

)1 £ £

5BCMB EF $BNCJP EF 3BTQBEPS /FVNÈUJDP 'MFYJCMF DPO &KF 8:$0

1FTP MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH

1JF[B .BOVBM

t 1BSB VTP DPO DVBMRVJFS 3BTQBEPS /FVNÈUJDP 8ZDP $BSDBTB

)VTJMMP $FOUSP

4FF BCPWF GPS GMFYJCMF TIBGU BEBQUFST &M +VFHP $PNQMFUP EF &KF 'MFYJCMF JODMVZF DFOUSP DBSDBTB Z QJF[B /P */$-6:& "$01-"%03 %& .0503 /P 0SEFO

/ÞNFSP EF 'BCSJDBDJØO 3 4IBGU 3 4IBGU 3 4IBGU 3 4IBGU 3 4IBGU 3 4IBGU

/ÞNFSP EF 'BCSJDBDJØO %F MB .ÈRVJOB

-POHJUVE 1JFT

$FOUSP 4PMBNFOUF

/P 0SEFO

/P 'BC $ $ $ $ $ $

$BSDBTB 4PMBNFOUF

5JQP EF &YUSFNP .BMF .BMF .BMF 'FNBMF 'FNBMF 'FNBMF

/P 0SEFO

/P 'BC , , , , , ,

"DPQMBEPS 6OJWFSTBM 0QDJPOBM QBSB .PUPS 4PMBNFOUF

1JF[B .BOVBM

/P 0SEFO

/P 'BC

/P 0SEFO $ $ $ $ $ $

5BCMB EF $BNCJP EF 3BTQBEPS /FVNÈUJDP 'MFYJCMF DPO &KF 8:$0

/P 0SEFO # $ / " / " # $ # $ $ % / " / "

&KF $PNQMFUP DPO "DPQMBEPS /P 'BC QBSB .PUPS $PO BDPQMBEPS EF $PO BDPQMBEPS EF $PO BDPQMBEPS EF $PO BDPQMBEPS EF $PO BDPQMBEPS EF $PO BDPQMBEPS EF $PO BDPQMBEPS EF $PO BDPQMBEPS EF $PO BDPQMBEPS EF $PO BDPQMBEPS EF £ $PO BDPQMBEPS EF $PO BDPQMBEPS EF £

-POHJUVE 1JFT

$FOUSP 4PMBNFOUF

/P 0SEFO

/P 'BC $ $ $ $ $ $ $ $ $ $ $ $

5JQP EF &YUSFNP .BMF .BMF .BMF .BMF .BMF .BMF .BMF .BMF 'FNBMF 'FNBMF 'FNBMF 'FNBMF

$BSDBTB 4PMBNFOUF

/P 0SEFO

1JF[B .BOVBM

/P 'BC , , , , , , , , , , , ,

/P 'BC .1 .1 .1

/P 0SEFO

/P 'BC

7FB MB QBHJOBDJØO QBSB MPT BEBQUBEPSFT EFM FKF GMFYJCMF

t 1BSB VTP DPO DVBMRVJFS 3BTQBEPS /FVNÈUJDP 8ZDP &M +VFHP $PNQMFUP EF &KF 'MFYJCMF JODMVZF DFOUSP DBSDBTB Z QJF[B /P */$-6:& "$01-"%03 %& .0503

5BNB×P %FM &KF

1SPUFDUPSFT 0QDJPOBMFT 8ZDP QBSB 3VFEB 4PMBNFOUF

"DPQMBEPS 6OJWFSTBM QBSB .PUPS 4PMBNFOUF

/P 0SEFO

/P 'BC

/P 0SEFO

/ /

/ " / " # $ # $ # $ $ % $ %

&KF EF .PUPS £ £

/P 'BC .1 .1 .1 .1

/05" # $ /ÞNFSP EF .BOVGBDUVSB +VFHP EF &KF $PNQMFUP QBSB VTP TPMBNFOUF DPO 3BTQBEPSFT EF USBCBKP MJWJBOP /ÞNFSP EF .BOVGBDUVSB +VFHP EF &KF $PNQMFUP QBSB VTP TPMBNFOUF DPO IQ Z .PUPSFT IQ # $ Z # $ /ÞNFSP EF .BOVGBDUVSB Z +VFHP EF &KF $PNQMFUP QBSB VTP DPO .PUPSFT EF IQ /ÞNFSP EF .BOVGBDUVSB +VFHP EF &KF $PNQMFUP QBSB VTP TPMBNFOUF DPO .PUPSFT EF £ IQ /ÞNFSP EF .BOVGBDUVSB +VFHP EF &KF $PNQMFUP QBSB VTP DPO .PUPSFT EF IQ Z IQ

NZFSTUJSFTVQQMZ DPN


)FSSBNJFOUBT QBSB $PSUF EF $BCMFT )FSSBNJFOUBT EF $BSCVSP 4ØMJEP QBSB $PSUF EF $BCMFT t 6 TF DPO MBT HBGBT EF QSPUFDDJØO BEFDVBEBT WFB QÈHJOB

#FTU SFTVMUT PCUBJOFE VTJOH B UP SQN NBYJNVN CVGGFS .BEF JO $IJOB /P 6TF 0SEFO %FTDSJQDJØO 4J[F 4IBOL 4J[F -FOHUI "EBQUFS 1FODJM 1PJOU -BSHP -ÈQJ[ 1PJOU 7BMPS EF -ÈQJ[ ¼ ¼ 1FODJM 1PJOU 1VOUP &YUFOEJEB 5BOH 1VOUP &YUFOEJEB NN 5BOH NN 1VOUP &YUFOEJEB 5BOH 1VOUP &YUFOEJEB 5BOH 1VOUP &YUFOEJEB NN 5BOH NN

#FTU SFTVMUT PCUBJOFE VTJOH B UP SQN NBYJNVN CVGGFS /P 0SEFO %FTDSJQDJØO 4J[F 4IBOL 4J[F -FOHUI 1VOUP &YUFOEJEB 1VOUP &YUFOEJEB £ 1VOUP &YUFOEJEB ¼" £ $PSUP 1VOUPB 'MBU )FBE 3PVUFS ¼" ¼" 'MBU 3PVUFS o 'JOF ¼" 'MBU 3PVUFS o $PBSTF ¼" ¼" #PMB 3FEPOEB £ ¼" £ #PMB 3FEPOEB

6TF "EBQUFS / "

1JFESBT EF "MUB 7FMPDJEBE QBSB -JNBS "MBNCSF t 6 TF DPO MBT HBGBT EF QSPUFDDJØO BEFDVBEBT WFB QÈHJOB

SQN NBY

SQN NBY

SQN

NBY

SQN

SQN

SQN

NBY

SQN

SQN

SQN

SQN

SQN

SQN

SQN

/P 0SEFO

/P 'BC " # " 8 " # " 8 " # " 8 " $8 " $# " 8 " #-

$PMPS $BGÏ #MBODP $BGÏ #MBODP $BGÏ #MBODP #MBODP $BGÏ #MBODP $BGÏ

4IBGU *O ¼ ¼ ¼ ¼ ¼ ¼ ¼ ¼ ¼ ¼

4UPOF %JB *O £ £ ¼ ¼ ¼ ¼ £

SQN

SQN

SQN

/P 0SEFO

$PMPS #MBODP #MBODP (S $BGÏ (S #MBODP $BGÏ $BGÏ $BGÏ #MBODP $BGÏ #MBODP #MBODP

/P 'BC " 8- " 8 " # " 8 " # " # 8 # 8 8 # # # 8 " "

t TBMFT!NZFSTUJSFTVQQMZ DPN

4IBGU *O ¼ ¼ ¼ ¼ ¼ ¼ ¼

4UPOF %JB *O £ ¼ ¼ ¼


3VFEBT 3BTQBEPSBT 3BTQBEPSFT EF $BSCVSP EF 5VOHTUFOP .:&34

3BTQBEPSFT EF $BSCVSP EF 5VOHTUFOP %VBMJGF .:&34

-PT SBTQBEPSFT EF DBSCVSP EF UVOHTUFOP DPO SFWFTUJNJFOUP FTQFDJBM EF .ZFST TPO JEFBMFT QBSB QVMJEP CJTFMBEP Z BDBCBEP EF DBVDIP QMÈTUJDP GJCSB EF WJESJP NBEFSB P DVBMRVJFS NBUFSJBM OP NFUÈMJDP -PT SBTQBEPSFT EF DBSCVSP EF UVOHTUFOP DPSUBO EF GPSNB NÈT SÈQJEB TFODJMMB Z B VO CBKP DPTUP 6TF VO HSBOP EF MJKB EF Z NBZPS QBSB MJNQJF[B Z BDBCBEP EF DBVDIP Z EF QBSB QVMJEP CJTFMBEP Z DPSUF "IPSSF EJOFSP -PT SBTQBEPSFT EF DBSCVSP EF UVOHTUFOP EF .ZFST QVFEF SF IBDFSTF 6O OVFWPHSBOP EF DBSCVSP EF UVOHTUFOP RVF TF JOUSPEVDF FO VO SBTQBEPS BOUJHVP Z EFTHBTUBEP QSPQPSDJPOB VOB OVFWB TVQFSGJDJF EF SBTQBEP

&M SBTQBEPS %VBMJGF .ZFST FT VO SBTQBEPS EF DBSCVSP EF UVOHTUFOP EF MBSHB EVSBDJØO QBSB FM QVMJEP Z FM BDBCBEP EF OFVNBUJDPT -PT SBTQBEPSFT EF DBSCVSP %VBMJGF PGSFDFO EPT B USFT WFDFT EF WJEB ÞUJM EF VO SBTQBEPS EF DBSCVSP DPOWFODJPOBM t -PT CPSEFT RVF TPO NÈT GJMPTPT PGSFDFO VO DPSUF NFKPS WFOUJMBEP Z NÈT SÈQJEP RVF NFKPSB FOPSNFNFOUF MB EVSBCJMJEBE t &M DBSCVSP NÈT GJMPTP PGSFDF VO NFKPS QVMJEP NBT WFOUJMBEP Z NFOPT QSPCBCJMJEBE EF RVFNBS FM ÈSFB QVMJEB t &M DPMPS QMBUB JEFOUJGJDB FM SBTQBEP EF MBSHB EVSBDJØO EFM SBTQBEPS EF DBSCVSP %VBMJGF .ZFST

3BTQBEPS EF $BSCVSP 3VCCFSIPH 44( -3 0-*7&3

3BTQBEPSFT EF $BSCVSP EF 5VOHTUFOP +FOTFO # +

-PT DBSCVSPT EF 3VCCFSIPH UJFOF VO SFWFTUJNJFOUP DPOJDP EF EFOUBEP VOJGPSNF Z GJMPTP EF FTQBDJBEP BMFBUPSJP IFDIP EF VO NBUFSJBM EF DBSCVSP EF UVOHTUFOP NVZ EVSP &T MB DPNCJOBDJØO EF GJMP EFM EFOUBEP DPO MB BMUVSB Z GPSNB VOJGPSNF EFM EFOUBEP RVF CSJOEB BM SBTQBEP 3VCCFSIPH VOB UFYUVSB EF QVMJEP TVQFSJPS SÈQJEP Z NBHOÓGJDB RVF PGSFDFSÈ VOB WJEB ÞUJM EF SBTQBEP NBZPS

44(

.$.

%FTDSJQDJØO 7FSZ $PBSTF $PBSTF .FEJVN

4UE (SBOP

$PNQBSJTPO UPPUI TJ[F UP TUBOEBSE DBSCJEF (SBOP EFTJHOBUJPO

3BTQBT 1MBOPT

0SJGJDJP $FOUSBM Z (SBOP 4F QVFEF QFEJS BMHVOP EF MPT SBTQBEPSFT EF DBSCVSP EF UVOHTUFOP FO WBSJPT PSJGJDJPT EF FKF Z FTQFDJGJDBDJPOFT EF HSBOP BHSFHBOEP MB MFUSB DPSSFDUB MVFHP EFM OÞNFSP EF QFEJEP EF EÓHJUPT EF .ZFST "EFNÈT FTQFDJGJRVF FM HSBEP EF HSBOP BHSFHBOEP FM OÞNFSP DPSSFDUP MVFHP EF MB MFUSB EFM PSJGJDJP EFM FKF 1PS FKFNQMP $ FT VO PSJGJDJP EF FKF EF c Z JO EF EJÈNFUSP SBTQBEP DVSWP FO GPSNB EF DPQB EF HSBEPT

"SCPS )PMF " c ") # c ") $ c ")

(SBOP (SBOP (SBOP (SBOP (SBOP (SBOP

/PUB 6TF VO HSBOP EF FO BEFMBOUF QBSB MJNQJF[B Z BDBCBEP EF DBVDIP 6TF VO HSBOP EF QBSB QVMJEP CJTFMBEP Z DPSUF

3BTQBT FO 'PSNB EF $PQB 3FEPOEFBEB QBSB $POUPSOPT /P 7FOUJMBEPT

w

t 4ØMJEP DPO OÞDMFP SFDUJGJDBEP EF BMUB SFTJTUFODJB PSJGJDJP EF FKF SPTDBEP EF JO B JO

3BTQBT FO 'PSNB EF $PQB $VSWP QBSB $POUPSOP 7FOUJMBEP Z OP 7FOUJMBEP

3BTQBT FO 'PSNB EF $PQB 3FEPOEFBEB QBSB $POUPSOPT 7FOUJMBEPT

3VFEB EF %JTDP &YUSFNF 36##&3)0(

/P 'BC 4% Y 4% Y 4% Y

$PO FTUPT SBTQBEPSFT OP TF OFDFTJUB FODBSHBSTF EF MBT QBSUFT DFOUSBMFT -B MÓOFB EF QSPEVDUPT EF DBSCVSP EF UVOHTUFOP +FOTFO FTUÈ EJTF×BEB DPNP VO DBSCVSP EFTFDIBCMF EF QSJNFSB DBMJEBE TJFNQSF VOB OVFWB IFSSBNJFOUB FO VTP &M DBSCVSP +FOTFO FT VO DBSCVSP EFTFDIBCMF EF QSJNFSB DBMJEBE DPO CPSEFT GJMPTPT RVF PGSFDFO VOB MBSHB WJEB ÞUJM DPO VOB UFYUVSB EF QVMJEP DPOTJTUFOUF

3BTQBT 3FEPOEFBEP

3BTQBT FO 'PSNB EF $PQB QBSB $PO UPSOP 7FOUJMBEP Z /P 7FOUJMBEP

/P 0SEFO

%0 /05 3&(3"/0

%JÈNFUSP *O NN › › ›

"SCPS )PMF *O NN

3VFEB &YUSFNF 36##&3)0(

$PMPS #MBDL #MVF 5FBM

.$.

3VFEB EF %JTDP 36##&3)0(

/P 0SEFO

/P 'BC %8 Y %8 Y %8 Y

%JÈNFUSP *O NN › › ›

"SCPS )PMF *O NN

$PMPS 5FBM #MVF #MBDL

.$.

3VFEB 36##&3)0( t 1BSB FTNFSJMFT EF DBCF[BM FO ÈOHVMP

t 1 BSB FTNFSJMFT EF DBCF[BM FO ÈOHVMP

/P 0SEFO

/P 'BC 4% 4% 4%

%JÈNFUSP *O NN › › ›

"SCPS )PMF *O NN

44(

/P 0SEFO

/P 'BC %8 %8 %8

NZFSTUJSFTVQQMZ DPN

%JÈNFUSP *O NN › › ›

*O

"SCPS )PMF NN

44(


3VFEBT 3BTQBEPSBT $PQB /FHSB UJQP $BNQBOB 36##&3)0(

$BNQBOBT 3BTQBEPSBT 36##&3)0(

1BSB FTNFSJMBEP Z UFYUVSJ[BEP EF SFQBSBDJPOFT HSBOEFT EF TFDDJPOFT FYUFSJPSFT Y 4UBOEBSE UISFBE BSCPS IPMF

-BT EF USBCBKP EF MBT SVFEBT SBTQBEPSBT FTUÈO FO ÈOHVMP DPO FM [BODP Z QFSNJUFO GÈDJMNFOUF [BGBS MB QJF[B NBOVBM QBSB USBCBKBS UBOUP EFOUSP DPNP GVFSB EF MB DBSDBTB &M BODIP Z QSPQJFEBEFT QMBOBT EF MB DBSB SBEJBEB QSPEVDFO MB UFYUVSB JEFBM FO VO ÈSFB EF DPOUBDUP NÈT BODIB QBSB PCUFOFS VOB TVQFSGJDJF NBZPSNFOUF BMJTBEB /P 0SEFO 0-*3( 0-*

/P 'BC

%JÈNFUSP *O NN › › › › › › £ £

*O £ £ ¼ ¼ › › › £ £

"ODIP

NN

"SCPS )PMF

44(

%JÈNFUSP *O NN £ › ›

/P 'BC

/P 0SEFO /P 'BC 0-*

*O ¼"

%JÈNFUSP NN

*O

-FOHUI

NN

4IBOL ¼"

44(

*O

%JÈNFUSP NN

*O ¼"

-FOHUI

NN

4IBOL ¼" ¼"

44(

NN

4IBOL ¼"

44(

1JFESB $PSUBEPSB 36##&3)0( 1BSB SFQBSBDJPOFT QFRVF×BT EF CBOEBT EF SPEBEVSB Z QBSFEFT MBUFSBMFT EFM OFVNÈUJDP /P 0SEFO /P 'BC

5FOFNPT EJTQPOJCMF FM TFSWJDJP EF 3FDVCSJNJFOUP EF 3BTQBEPSBT $BNQBOBT SBTQBEPSBT EF QSFDJTJØO QBSB BDDFTPSJPT EF SBTQBEP EF DPTUBEPT %JÈNFUSP *O NN

44(

1BSB SFQBSBDJPOFT EF UBQPOFT FO OFVNÈUJDPT

t 3F(SBOP TFSWJDJP

/P 'BC 1

NN

1BSB QFRVF×BT SFQBSBDJPOFT EF TFDDJPOFT EF CBOEBT EF SPEBEVSB Z QBSFEFT MBUFSBMFT EFM OFVNÈUJDP

"SCPS )PMF

$BNQBOBT 3BTQBEPSBT QBSB 3BTQBEPSFT /FVNÈUJDPT 36##&3)0(

/P 0SEFO

"ODIP

*O ¼" ¼" › › £ £

3BTQBEPSB $ØOJDB 36##&3)0(

&TUBT VOJEBEFT TF VUJMJ[BO DPO MBT DBNQBOBT SBTQBEPSBT Z TPO SFVUJMJ[BCMFT -PT TPQPSUFT JOUFSOPT QFSNJUFO RVF MBT DBNQBOBT SBTQBEPSBT GVODJPOFO BEFDVBEBNFOUF MBT QSPUFHFO EF EB×PT Z QSPQPSDJPOBO VO CBMBODF QBSB VO NFKPS DPOUSPM /P 'BC

%JÈNFUSP *O NN

/P 'BC

3BTQBEPSB UJQP $MBWP 36##&3)0(

/P 0SEFO

4PQPSUFT *OUFSOPT EF 1PMJFUJMFOP QBSB $BNQBT 3BTQBEPSBT 36##&3)0(

/P 0SEFO 0-*

/P 0SEFO 0-* 0-* 0-* 0-* 0-* 0-* 0-*

%JÈNFUSP *O NN

*O ¼

-FOHUI

#PMBT 36##&3)0( *O ›

"ODIP

NN

"SCPS )PMF £

44(

3VFEBT 3BTQBEPSBT UJQP %POB 36##&3)0( QBSB 3BTQBEPSFT /FVNÈUJDPT .BUUFV[[J

1BSB FTNFSJMBEP Z UFYUVSJ[BEP EF QFRVF×BT SFQBSBDJPOFT EF TFDDJPOFT FYUFSJPSFT /P 0SEFO

/P 'BC

%JÈNFUSP *O NN

4IBOL ¼" ¼" ¼"

44(

$PQB /FHSB UJQP $BNQBOB 36##&3)0(

t )BZ CVKFT SFEVDUPSFT EJTQPOJCMFT t 4FSWJDJP EF SFDVCSJNJFOUP EF SBTQBEPSBT EJTQPOJCMF 1BSB .BUUFV[[J 3"4 Z 3"4 & Z PUSPT UJQPT EF BDDFTPSJPT EF SBTQBEP QBSB DPTUBEPT 4F SFRVJFSFO CVKFT FTQFDJBMFT QPS GBWPS DPOUÈDUFOPT /P 0SEFO

/P 'BC

%JÈNFUSP *O NN

"ODIP *O ¼"

NN

"SCPS )PMF › NN

NN

NN

NN

44(

1BSB SBTQBEP EFM GPSSP JOUFSJPS $BSCVSP EF UVOHTUFOP FTUÈOEBS /P 0SEFO

/P 'BC #

%JÈNFUSP *O NN

*O £

t TBMFT!NZFSTUJSFTVQQMZ DPN

"ODIP NN

"SCPS )PMF h

(SBOP


3VFEBT 3BTQBEPSBT 3VFEBT 3BTQBEPSBT EF $BSCVSP EF 5VOHTUFOP %VBMJGF .:&34

.:&34 %VBMJGF 5VOHTUFO $BSCJEF 3BTQT

t 5 JFOFO EF EPT B USFT WFDFT MB WJEB ÞUJM EF MBT SVFEBT SBTQBEPSBT DPOWFODJPOBMFT EF DBSCVSP EF UVOHTUFOP

3VFEBT 3BTQBEPSBT EF $BSB 1MBOB Z EF $BSB DPO 3BEJP

t %VSBCJMJEBE NFKPSBEB QBSB VO DPSUF EF NBZPS EVSBDJØO t &M DBSCVSP DPO NBZPS GJMP QFSNJUF VO SBTQBEP NÈT GSÓP Z VOB NFOPS QSPCBCJMJEBE EF RVFNBS FM ÈSFB SBTQBEB

4ØMJEP 3VFEBT 3BTQBEPSBT EF $PQB $VSWFBEBT 0SJGJDJPT QBSB &KF EF c Z c &TQFDJGJRVF

%JÈNFUSP "ODIP /P /P "SCPS (SBOP 0SEFO 'BC *O NN *O NN )PMF " , " , )BZ PUSPT HSBOPT EJTQPOJCMFT CBKP SFRVFSJNJFOUP

"

7FOUJMBEPT 3VFEBT 3BTQBEPSBT EF $PQB $VSWFBEBT

c BOE c "SCPS )PMFT 4QFDJGZ

%JÈNFUSP "ODIP /P /P "SCPS (SBOP 0SEFO 'BC *O NN *O NN )PMF " 5$8 " 5$8 ¼ )BZ PUSPT HSBOPT EJTQPOJCMFT CBKP SFRVFSJNJFOUP

3PTDB &TUÈOEBS EF Y &OGSJBEBT Z 7FOUJMBEBT %JÈNFUSP "ODIP /P 0SEFO /P 'BC *O NN *O $BSB DPO 3BEJP 3VFEB 3BTQBEPSB EF $BSB DPO 3BEJP o 4ØMJEB 4JO 7FOUJMBDJØO ,

4JO 7FOUJMBDJØO 3VFEBT 3BTQBEPSBT EF $PQB $VSWFBEBT c Y 4UBOEBSE UISFBE " ) 4PMJE XJUI IFBWZ EVUZ NBDIJOFE DPSF %JÈNFUSP "ODIP /P /P "SCPS (SBOP 0SEFO 'BC *O NN *O NN )PMF , )BZ PUSPT HSBOPT EJTQPOJCMFT CBKP SFRVFSJNJFOUP

7FOUJMBEPT 3VFEBT 3BTQBEPSBT EF $PQB $VSWFBEBT /P 0SEFO "

/P 'BC

%JÈNFUSP *O NN

NN

(SBOP

3BTQBEPSBT 5JQP #BSSB .:&34

"ODIP "SCPS (SBOP *O NN )PMF

)BZ PUSPT HSBOPT EJTQPOJCMFT CBKP SFRVFSJNJFOUP

%JÈNFUSP -FOHUI /P 0SEFO *O NN *O NN )BZ PUSPT HSBOPT EJTQPOJCMFT CBKP SFRVFSJNJFOUP

&TUÈOEBS

7FOUJMBEPT 3VFEBT 3BTQBEPSBT EF $PQB $VSWFBEBT

(SBOP

$PSUF 4FTHBEP

3VFEBT 3BTQBEPSBT UJQP $POP .:&34

c Y 4UBOEBSE 5ISFBE

#BTF %JÈNFUSP /P 0SEFO /P 'BC 1VMHBEBT NN £ , £ )BZ PUSPT HSBOPT EJTQPOJCMFT CBKP SFRVFSJNJFOUP

"ODIP 1VMHBEBT NN

&TQFDJGJRVF 0SJGJDJP QBSB &KF Z (SBOP

0SJGJDJP QBSB &KF " c ") # c ") $ c ")

"MHVOBT EF MBT 3VFEBT 3BTQBEPSBT %VBMJUF EF $BSCVSP EF 5VOHTUFOP QVFEFO PSEFOBSTF FO EJGFSFO UFT FTQFDJGJDBDJPOFTEF PSJGJDJPT QBSB FKF Z HSBOPT 6TUFE QVFEF FTQFDJGJDBS FM UBNB×P EFM PSJGJDJP QBSB FKF BHSFHBOEP MB MFUSB BQSPQJBEB EFTQVÏT EFM /P 0SEFO EF DJODP EÓHJUPT EF .ZFST &TQFDJGJRVF FM HSBOP BHSFHBOEP FM OÞNFSP BQSPQJBEP EFTQVÏT EF MB MFUSB EFM PSJGJDJP QBSB FKF

(SBOP

(SBOP (SBOP (SBOP (SBOP (SBOP (SBOP

%JÈNFUSP "ODIP /P 0SEFO /P 'BC *O NN *O NN 4UBOEBSE , ¼ , ¼ ¼ , " ¼ ¼ ¼ $PSUF 4FTHBEP EF 1SFDJTJØO EF $PSUF %JÈNFUSP &YUFSOP

¼ ¼

(SBOP

3FDVCSJNJFOUP EF 3BTQBEPSFT %JTQPOJCMF

1PS FKFNQMP $ UJFOF VO EJÈNFUSP EF 0SJGJDJP EF &KF EF 3VFEB 3BTQBEPSB EF $PQB $VSWFBEB DPO (SBOP EF

/P EFTFDIF TVT SBTQBEPSFT EF $BSCVSP EF 5VOHTUFOP HBTUBEPT 6O OVFWP SFDVCSJNJFOUP DPO TVQFSGJDJF EF $BSCVSP EF 5VOHTUFOP BEIFSJEP B TVT SBTQBEPSFT HBTUBEPT MFT CSJOEB VOB OVFWB TVQFSGJDJF EF SBTQBEP &TQFDJGJRVF FM HSBOP 1BSB PSEFOBS VO SFDVCSJNJFOUP QBSB SBTQBEPSFT DPMPRVF 3 FO GSFOUF EFM TVGJKP &KFNQMP 3" FT VO SFDVCSJNJFOUP , DPO VO HSBOP ") $POUBDUF B TV 3FQSFTFOUBOUF EF 7FOUBT .ZFST QBSB EFUBMMFT FTQFDÓGJDPT

NZFSTUJSFTVQQMZ DPN


3VFEBT 3BTQBEPSBT EF $BSCVSP EF 5VOHTUFOP 3VFEB 3BTQBEPSB EF $PQB QBSB 5VCP -JWJBOP Z 'PSSP *OUFSJPS .:&34 4PMBNFOUF QBSB 0SJGJDJP EF &KF EF %JÈNFUSP "ODIP /P 0SEFO *O NN *O NN › › 0UIFS (SBOP BWBJMBCMF VQPO SFRVFTU

(SBOP

3VFEBT 3BTQBEPSBT EF $PQB 7FOUJMBEBT DPO 3BEJP .:&34

"

3VFEBT 3BTQBEPSBT EF $PQB DPO 3BEJP EF $VSWBUVSB 7FOUJMBEB .:&34

#

t BSCPS IPMF /P 0SEFO "

%JÈNFUSP *O NN

"ODIP *O NN

0SJGJDJPT QBSB &KF EF › Z FTQFDJGJRVF )BZ PUSPT HSBOPT Z PSJGJDJPT QBSB FKF EJTQPOJCMFT CBKP SFRVFSJNJFOUP

(SBOP

3VFEBT 3BTQBEPSBT EF $PQB DPO 3BEJP EF $VSWBUVSB 4PMJEB .:&34 " /P 0SEFO " "

/P 'BC , ,

%JÈNFUSP *O NN

"ODIP *O › ›

NN

"SCPS )PMF

(SBOP

3VFEBT 3BTQBEPSBT EF $PQB DPO 3BEJP EF $VSWBUVSB 4PMJEB .:&34

/P 0SEFO " " " " " " " " " " " # #

/P 'BC 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8

%JÈNFUSP *O NN

"ODIP *O ¼ ¼ › › › › › › › › › › › › ›

NN

"SCPS )PMF › › ›

(SBOP

&TQFDJGJRVF 0SJGJDJP QBSB &KF EF › B £

CBTF EF MB NÈRVJOB c Y 4"& UISFBE BSCPS IPMF %JÈNFUSP "ODIP /P /P 0SEFO 'BC *O NN *O NN ,

3VFEBT 3BTQBEPSBT 7FOUJMBEBT $VSWFBEBT UJQP %POB .:&34 (SBOP

3VFEBT 3BTQBEPSBT DPO $POUPSOP .:&34

" "

&OGSJBEBT Z 7FOUJMBEBT P 4ØMJEBT 0SJGJDJP QBSB &KF EF 3PTDB FTUÈOEBS 4"& /P 0SEFO

%JÈNFUSP *O NN

*O

"ODIP NN

7FOUJMBEB

(SBOP 7FOUFE 7FOUFE 7FOUFE 4PMJE 4PMJE 4PMJE

0SJGJDJPT QBSB &KF EF › Z FTQFDJGJRVF )BZ PUSPT HSBOPT Z PSJGJDJPT QBSB FKF EJTQPOJCMFT CBKP SFRVFSJNJFOUP

4ØMJEB

3BTQBEPSBT 7FOUJMBEBT UJQP 3VFEB 1MBOB .:&34

/P 'BC 5'8 5'8 5'8

%JÈNFUSP *O NN

"ODIP *O ›

NN

/P 'BC 5%8 5%8 5%8 5%8 5%8 5%8 5%8 5%8 5%8 5%8 5%8 5%8

%JÈNFUSP *O NN

"ODIP *O › › › › › ›

"SCPS )PMF

(SBOP 4QFDJGZ 4QFDJGZ 4QFDJGZ

"SCPS )PMF ›

(SBOP 4QFDJGZ 4QFDJGZ 4QFDJGZ 4QFDJGZ

/PUB 4F 3FDPNJFOEB 6UJMJDF (SBOP Z IBTUB QBSB FM BDBCBEP EF HPNB Z MJNQJF[B 6UJMJDF (SBOP QBSB QVMJS SBTQBS Z DPSUBS

&TQFDJGJRVF 0SJGJDJP QBSB &KF EF B £ &TQFDJGJRVF 0SJGJDJP QBSB &KF EF › B £

NN

&TQFDJGJRVF 0SJGJDJP QBSB &KF EF B £ &TQFDJGJRVF 0SJGJDJP QBSB &KF EF › B £

)BZ PUSPT HSBOPT Z PSJGJDJPT QBSB FKF EJTQPOJCMFT CBKP SFRVFSJNJFOUP /P 0SEFO

/P 0SEFO " " " " " " " #

t TBMFT!NZFSTUJSFTVQQMZ DPN


3VFEBT 3BTQBEPSBT EF $BSCVSP EF 5VOHTUFOP 3VFEBT 3BTQBEPSBT EF .:&34

.JOJ 3VFEBT 3BTQBEPSBT EF › .:&34

3FEVDF FM TPCSF SBTQBEP Z FM UJFNQP EF SBTQBEP SFMMFOBEP Z BDBCBEP EF MBT QBSUFT EB×BEBT EFM OFVNÈUJDP &OGSJBEBT Z WFOUJMBEBT QBSB SFEVDJS FM DBMFOUBNJFOUP Z MB BDVNVMBDJØO 0SJGJDJP QBSB &KF EF 3PTDB 4"& (SBOPT FTQFDJBMFT EJTQPOJCMFT FTQFDJGJRVF

$PO QBTP EF BJSF Z WFOUJMBEBT QBSB SFEVDJS FM DBMFOUBNJFOUP Z MB BDVNVMBDJØO 0SJGJDJP QBSB &KF EF 3PTDB 4"& %JÈNFUSP /P /P 0SEFO 'BC *O NN 'MBU 'BDFE $PO 3BEJP

"ODIP *O

NN

(SBOP

› › £ £

/P 0SEFO $BSB 1MBOP $PO 3BEJP

%JÈNFUSP *O NN

*O

"ODIP NN

(SBOP

› › › › › ›

› ›

› ›

.:&34 .FHB 8IFFMT 1VMJEP SÈQJEP Z EVSBEFSP EF EPCMF TÞQFS HSBOP t 3FGSJHFSBEP QPS BJSF Z WFOUJMBDJØO QBSB SFEVDJS FM DBMPS t 0UIFS (SBOP BSCPS IPMF UBNB×PT EJTQPOJCMFT CBKP QFUJDJØO

3VFEBT 3BTQBEPSBT EF EF $BSB 1MBOB .:&34

t 5PEBT MBT VOJEBEFT SF(SBOPBCMF DPO PQDJØO EF JOUFSDBNCJBS NJTNP UBNB×P DPO PUSPT (SBOP Z UBNB×PT EFM BHVKFSP EFM DFOBEPS

$PO QBTP EF BJSF Z WFOUJMBEBT QBSB SFEVDJS FM DBMFOUBNJFOUP Z MB BDVNVMBDJØO 0SJGJDJP QBSB &KF EF › 3PTDB 4"& &TQFDJGJRVF (SBOP /P 0SEFO

/P 'BC 5 5 5 5 5 5 6$ 6$

*O

%JÈNFUSP NN

*O ¼ › £ ›

"ODIP NN

(SBOP 4QFDJGZ 4QFDJGZ 4QFDJGZ 4QFDJGZ 4QFDJGZ 4QFDJGZ (SBOP 4QFDJGZ

3FDVCSJNJFOUP EF 3BTQBEPSFT %JTQPOJCMF /P EFTFDIF TVT SBTQBEPSFT EF $BSCVSP EF 5VOHTUFOP HBTUBEPT 6O OVFWP SFDVCSJNJFOUP DPO TVQFSGJDJF EF $BSCVSP EF 5VOHTUFOP BEIFSJEP B TVT SBTQBEPSFT HBTUBEPT MFT CSJOEB VOB OVFWB TVQFSGJDJF EF SBTQBEP &TQFDJGJRVF FM HSBOP 1BSB PSEFOBS VO SFDVCSJNJFOUP QBSB SBTQBEPSFT DPMPRVF 3 FO GSFOUF EFM TVGJKP &KFNQMP 3" FT VO SFDVCSJNJFOUP , DPO VO HSBOP ") $POUBDUF B TV 3FQSFTFOUBOUF EF 7FOUBT .ZFST QBSB EFUBMMFT FTQFDÓGJDPT

/P 0SEFO 'MBU 'BDFE 3PVOE 'BDF

/P 'BC

%JÈNFUSP JO NN

"ODIP JO NN

"SCPS )PMF

(SBOP

''"$ ''"$ ''"$ ''"$ ''"$ ''"$ ''"$ ''"$ ''"$ ''"$ ''"$ ''"$

¼ ¼ ¼ ¼ ¼ ¼

4"& 4"& 4"& 4"& 4"& 4"& 4"& 4"& 4"& 4"& › ") › ")

3'"$ 3'"$ 3'"$ 3'"$ 3'"$ 3'"$ 3'"$ 3'"$

› › £ £ › › › ›

4"& 4"& 4"& 4"& 4"& 4"& › ") › ")

NZFSTUJSFTVQQMZ DPN


3VFEBT 3BTQBEPSBT EF $BSCVSP EF 5VOHTUFOP 3BTQBEPSBT 1MBOBT EF $PQB $POJDBT .:&34

3VFEBT QBSB 3BTQBEP Z "DBCBEP DPO 7FOUJMBDJØO .:&34 %JTQPOJCMFT FO EJÈNFUSPT EF B DVBMRVJFS BODIP HSBOP B 0SJGJDJP QBSB &KF FTUÈOEBS EF › Z £ "M IBDFS TV PSEFO FTQFDJGJRVF EJÈNFUSP BODIP PSJGJDJP QBSB FKF Z HSBOP /P 0SEFO

%JÈNFUSP *O NN

0SJGJDJP QBSB &KF EF 3PTDB 4"&

"ODIP *O NN ¼ › £ › £

/P 0SEFO

%JÈNFUSP *O NN

"ODIP *O NN › › › › £ ›

/P 0SEFO

*O

%JÈNFUSP NN

*O › ›

"ODIP

NN

(SBOP

3BTQBEPSBT $ØOJDBT .:&34 0SJGJDJP QBSB &KF EF 3PTDB 4"& /P 0SEFO

3BTQBEPSBT UJQP $POP .:&34

/P 'BC , , , ,

/P 'BC , ,

%JÈNFUSP *O NN

"ODIP *O NN

(SBOP

3BTQBEPSBT EF #PMB .:&34

0SJGJDJP QBSB &KF EF 3PTDB 4"& /P /P 0SEFO 'BC , , c #VMMOPTF $POF

#BTF %JÈNFUSP *O NN £ £ £ £

*O

£ £

› ›

-FOHUI

NN

(SBOP

/P 0SEFO

4IBGU -FOHUI *O NN

4IBGU %JÈNFUSP *O NN ¼ ¼

#BMM %JÈNFUSP *O NN £ £

(SBOP

3BTQBEPSBT EF 3VFEB .:&34 0SJGJDJP QBSB &KF EF 3PTDB 4"&

3BTQBEPSBT 5JQP #BSSB .:&34

/P 0SEFO

/P 'BC ,

%JÈNFUSP *O NN ›

"ODIP *O NN (SBOP

3VFEBT 3BTQBEPSBT EF $BSB DPO «OHVMP .:&34

t "ODIP EF £ NJMÓNFUSPT

$PSUF &TUÈOEBS $PSUF 4FTHBEPU

/P 0SEFO

%JÈNFUSP *O NN

"SCPS )PMF

(SBOP 4PMJE 7FOUJMBUFE

3VFEBT 3BTQBEPSBT UJQP %JTDP EF 1MBOBT Z 7FOUJMBEBT .:&34

/P /P %JÈNFUSP 0SEFO 'BC *O NN , , ¼ , " ¼ 6OEFSDVU GPS $VUUJOH "DDVSBDZ

¼ ¼ ¼ ¼ 4UBOEBSE ¼ ¼

t 0SJGJDJP QBSB &KF EF TPMBNFOUF

*O ¼ ¼ ¼

"ODIP

NN

(SBOP

› ›

)BZ PUSPT UBNB×PT EF HSBOP Z EF PSJGJDJPT QBSB FKF EJTQPOJCMFT TFHÞO SFRVFSJNJFOUP 4PO WFOUJMBEBT /P 0SEFO

/P 'BC , %4, %4,

"SCPS )PMF

(SBOP 7FOUFE 7FOUFE 7FOUFE

/PUB 4F 3FDPNJFOEB 6UJMJDF (SBOP Z IBTUB QBSB FM BDBCBEP EF HPNB Z MJNQJF[B 6UJMJDF (SBOP QBSB QVMJS SBTQBS Z DPSUBS

t TBMFT!NZFSTUJSFTVQQMZ DPN


3VFEBT 3BTQBEPSBT EF $BSCVSP EF 5VOHTUFOP .BOHBT "CSBTJWBT EF $BSCVSP EF 5VOHTUFOP 5&.$0

3VFEBT 3BTQBEPSBT %FTFDIBCMFT +&/4&/ t "MUB EVSBCJMJEBE QSFDJP FDPOØNJDP Z EFTFDIBCMF

t 1 BSB BDBCBEPT FO IVMF HPNB QMÈTUJDP Z DVBM RVJFS NBUFSJBM OP NFUÈMJDP

3VFEBT SBTQBEPSBT EF $BSCVSP DPO $BSB 1MBOB +&/4&/

-BT QBSUÓDVMBT EF DBSCVSP EF UVOHTUFOP TF BEIJFSFO QFSNBOFOUFNFOUF B MBT NBOHBT EF BDFSP

NN EF EJÈNFUSP Y NN EF BODIP

0SJGJDJP QBSB &KF EF 3PTDB 4"& /P 0SEFO

/P 'BC

*O

%JÈNFUSP NN

*O ¼ ¼

"ODIP

NN

(SBOP

NN

(SBOP

3VFEBT 3BTQBEPSBT EF $BSCVSP EF $BSB 3FEPOEB +&/4&/ 0SJGJDJP QBSB &KF EF 3PTDB 4"& /P 0SEFO

/P 'BC

*O

/P 'BC 5# 5# " 5# # 5# $

(SBOP

/P 0SEFO

/P 'BC 5# " 5# # 5# $

(SBOP

/P 0SEFO

/P 'BC

5# " 5# # 5# $

(SBOP

5BNCPSFT -JKBEPSFT QBSB .BOHBT "CSBTJWBT 5&.$0

%JÈNFUSP NN

*O

"ODIP

3VFEBT 3BTQBEPSBT DPO $POUPSOP +&/4&/ 0SJGJDJP QBSB &KF EF 3PTDB 4"&

/P 0SEFO

%JÈNFUSP *O NN

/P 'BC

/P 0SEFO

NN EF EJÈNFUSP Y NN EF BODIP

NN EF EJÈNFUSP Y NN EF BODIP

"ODIP *O

NN

(SBOP

7FOUJMBEPT 3VFEBT 3BTQBEPSBT EF $PQB $VSWFBEBT

5BNCPSFT MJWJBOPT EF FYQBOTJØO VOJGPSNF Z GÈDJM EFTMJ[BNJFOUP GBCSJDBEPT DPO IVMF HPNB NPMEFBEP $PNQMFUPT DPO IVTJMMP QBSB BKVTUBSTF B FKFT GMFYJCMFT UBMBESPT FMÏDUSJDPT UBMBESBEPSFT IJESÈVMJDPT SBTQBEPSFT OFVNÈUJDPT DPO FYUSFNP BCJFSUP FUDÏUFSB -PT CPSEFT FKFSDFO VOB BDDJØO EF DPNQSFTJØO FO FM UBNCPS QBSB QFSNJUJS RVF ÏTUF TF BKVTUF B MBT NBOHBT BCSBTJWBT -BT NBOHBT OP TF SFTCBMBO /P 0SEFO /P 'BC "SCPS )PMF NN EF %JÈNFUSP Y NN EF BODIP 5# 5# " 5# # 5# 3 NN EF %JÈNFUSP Y NN EF BODIP 5# 5# " 5# # 5# 3 NN EF %JÈNFUSP Y NN EF BODIP 5# 5# " 5# # 5# 3

4J[F 4"& ' 4"& ' 644 ' 3FQM 3VCCFS 4"& ' 4"& ' 644 ' 3FQM 3VCCFS 4"& ' 4"& ' 644 ' 3FQM 3VCCFS

1JFESB 3BTQBEPSB $BSB EF NN EF EJÈNFUSP Y NN 4F VUJMJ[B QBSB SBTQBS MJNBS MBT QBSUFT EB×BEBT EFM OFVNÈUJDP 'BCSJDBEB DPO DBSCVSP EF TJMJDJP BHMPNFSBEP #JTFMBEP TFNJEVSP HSBOP

/P 0SEFO

/P 'BC 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8 5$8

%JÈNFUSP *O NN

"ODIP *O

NN

"SCPS )PMF

(SBOP

/P 0SEFO

/P 'BC " " 5# #)

%FTDSJQDJØO 1JFESB 3BTQBEPSB ¼ 4IBGU "EBQUFS X 4FU 4DSFX

.BYJNVN 31.

1JFESB 3BTQBEPSB $BSB EF EF EJÈNFUSP NN Y £ NN TF BKVTUB B DVBMRVJFS SBTQBEPS OFVNÈUJDP P UBMBESP FMÏDUSJDP ;BODP EF (SBOP /P 0SEFO

/P 'BC

NZFSTUJSFTVQQMZ DPN

"SCPS )PMF

.ÈYJNP 31.


$PQBT $PSUBEPSBT 3BTQBEPSB EF $BSCVSP UJQP 1JSB×B

3BTQBEPSB 0OEVMBOUF # + t 1BSB GÈDJM SFNPDJØO EFM IVMF HPNB

t .FOPT DBMPS Z BCSBTJØO

3BTQBEPSB JEFBM EF DBSCVSP EF BMUB EVSBDJØO QBSB SFNPWFS HSBOEFT DBOUJEBEFT EF IVMF HPNB &T VO JOTUSVNFOUP BQJMBCMF TPMBNFOUF BHSFHVF BSBOEFMBT FOUSF FMMBT Z VTF VO DBSCVSP NÈT BODIP QBSB USBCBKPT NBZPSFT 4VQFSGJDJF OP SFDVCSJCMF DPO OVFWP NBUFSJBM EF SBTQBEP 6UJMJDF FM BEBQUBEPS DPO FM FTQBDJBEPS QBSB VOB 1JSB×B TJNQMF

1BSB VTBS FO SBTQBEPSBT NBOVBMFT FO SFQBSBDJPOFT Z USBCBKPT EF SFNPDJØO EF IVMF HPNB $PO TVQFSGJDJF EF DPSUF EF ¡ DSFB VO FGFDUP POEVMBOUF %PT QMBDBT FTQFDJBMNFOUF EJTF×BEBT MB NBOUJFOFO TVKFUBEB $PO EJÈNFUSP EF Z PSJGJDJP EF FKF EF /P 0SEFO /P 'BC

%FTDSJQDJØO 1BRVFUFT DPO 1MBDBT 1BRVFUFT DPO 1MBDBT 3FFNQMB[P EF 1MBDBT +VFHP EF "EBQUBEPS EF $BNCJP 3ÈQJEP DPO &TQBDJBEPS

/P 0SEFO /P 'BC

%FTDSJQDJØO (SBOP %JÈNFUSP 3BTQBEPSB UJQP 1JSB×B 3BTQBEPSB UJQP 1JSB×B "EBQUBEPS EF $BNCJP 3ÈQJEP DPO &TQBDJBEPS

3BTQBEPSB EF # +

$PQBT $PSUBEPSBT # +

t 6UJMJDF QBSB SFQBSBDJPOFT FO OFVNÈUJDPT 053

t 3FNVFWFO FM IVMF HPNB SÈQJEP Z GÈDJM

"ODIP › ›h

t %JÈNFUSP EF

'PS IBOE IFME CVGGFST BOE HSJOEFST $POUBDU VT GPS TQFDJBM BQQMJDBUJPOT /P 0SEFO /P 'BC

%FTDSJQDJØO 3BTQBEPS 3FHVMBS 3 DPO &KF EF EF BODIP 3BTQBEPS 3FHVMBS 3 DPO &KF EF EF BODIP

0SJGJDJP EF &KF › ›

3BTQBEPSBT DPO 1VOUJMMBT Z &KFT QBSB ;BODPT 5BMBESPT 'MFYJCMFT

1FRVF×BT CBOEBT DPO QVOUJMMBT QBSB SBTQBS P BGJMBS 4F BEBQUBO B FKFT QFRVF×PT QBSB VTBS FO UBMBESPT Z FKFT GMFYJCMFT -BT VOJEBEFT EF FKF JODMVZFO VO BSP EF FYQBOTJØO /P 0SEFO " # "

/P 'BC # # #

%JÈNFUSP *O NN › › › › ›

*O

"ODIP

" " NN

" )

'PS )VC # #

1BSB UBMBESPT Z SBTQBEPSBT DPO [BODPT GMFYJCMFT )BZ BEBQUBEPSFT EJTQPOJCMFT RVF TF BKVTUBO B UPEPT MPT UBNB×PT EF BDPQMBEPSFT IFNCSBT Z NBDIPT &KF TPMBNFOUF ›

%JÈNFUSP /P 0SEFO /P 'BC *O NN £ ¼ " # " # $PQB $PSUBEPSB EF "MUB 3FTJTUFODJB "EBQUFST › 5P 3FEVDFS #VTIJOH 5# " 5ISFBE "EBQUFS

"SCPS › ›

/PUDIFT /P /P /P /P :FT :FT

1FS #PY

› ›

:FT /P

$PQBT $PSUBEPSBT DPO 3PTDB # +

›

3PTDB EF QBSB TFS BUPSOJMMBEB B VO BEBQUBEPS 6UJMJDF MBT UVFSDBT RVF WJFOFO DPO FM BEBQUBEPS PQDJPOBM QBSB NBOUFOFS MB DPQB DPSUBEPSB IBDJB MB QBSUF TVQFSJPS EF MBT SPTDBT

3BTQBEPSBT 3 Z 3

/P 0SEFO

"

4V EJTF×P MJWJBOP Z EF CBKP QFSGJM CSJOEB VO DPOUSPM NFKPSBEP %JTQPOJCMFT FO FTUJMP DPO P TJO NVFTDB 4VT QBSFEFT EFMHBEBT TF BKVTUBO B UPEP UJQP EF SFRVFSJNJFOUPT EF UBNB×P -B DPQB DPO NVFTDB TF QVFEF VUJMJ[BS DPO OFVNÈUJDPT EF OZMPO Z MBT DPQBT TJO NVFTDB FO OFVNÈUJDPT DPO UFKJEP EF BMBNCSF 4F WFOEFO TPMBNFOUF FO DBOUJEBEFT QPS DBKB

/P 'BC 3BTQBEPSBT 3 DPO &TQBDJBEPSFT 3BTQBEPSBT 3 DPO &TQBDJBEPSFT 3 3 3 3

%FTDSJQDJØO £ %JB Y › X %JB Y X 3FGJMMT 1FS 4FU 3FGJMMT 1FS 4FU

"SCPS )PMF › ›h

/P 0SEFO

/P 'BC 5# "

%JÈNFUSP *O NN £ ¼ 5ISFBE "EBQUFS

"SCPS 5ISFBE 5ISFBE 5ISFBE 5ISFBE

/PUDIFT /P /P /P :FT

1FS #PY

"GJMBEPS EF $PQBT $PSUBEPSBT # +

%JTDP EF DPO 1VOUJMMBT "GJMB DPQBT DPSUBEPSBT QFRVF×BT P HSBOEFT 0QSJNB MB DPQB HJSBUPSJB FOUSF MBT QJFESBT BOHVMBEBT )BZ QJFESBT EF SFQVFTUP EJTQPOJCMFT 1VOUJMMBT SFGPS[BEBT NPOUBEBT FO VO EJTDP DØODBWP EF EF EJÈNFUSP 0SJGJDJP EF &KF EF /P 0SEFO /P 'BC $

%FTDSJQDJØO 5BD " %JTD $

"SCPS )PMF

/P 0SEFO

/P 'BC

%FTDSJQDJØO "GJMBEPS QBSB £ B ¼ 1JFESB EF 3FQVFTUP QBSB £ B ¼ "GJMBEPS QBSB ¼ B 1JFESB EF 3FQVFTUP QBSB ¼ B

t TBMFT!NZFSTUJSFTVQQMZ DPN

1FS #PY QPS DBKB QPS DBKB


$FQJMMPT QBSB 3FQBSBDJÓO $FQJMMPT QBSB 5FYUVSJ[BS

$FQJMMP 2VF 1VMJNFOUB EFM 5VCP *OUFSOP "MBNCSF FYUSB TVBWF QBSB SBTQBS MPT UVCPT JOUFSJPSFT 4F BKVTUB B BGJMBEPSBT EF CBODP P B SBTQBEPSBT EF FKF GMFYJCMF "MBNCSF EF EJÈNFUSP EF PSJGJDJP EF FKF EF

/P 0SEFO

$FQJMMPT EF "MBNCSF QBSB UFYUVSJ[BS TVQFSGJDJFT EF IVMF HPNB Z GPSSPT JOUFSJPSFT EF OFVNÈUJDPT 1BSB VTP DPO BGJMBEPSBT EF CBKB WFMPDJEBE 1JF[B QMÈTUJDB SFNPWJCMF QBSB PSJGJDJP EF FKF EF /P %JÈNFUSP 0SEFO *O NN 3FNPWF QMBTUJD JOTFSU GPS BSCPS IPMF

*O ¼ ¼ ¼

"ODIP

NN

8JSF $PBSTF 'JOF

"SCPS )PMF *O NN

.JOJNJ[B FM FTQBSDJNJFOUP EF MBT DFSEBT DPOUSPMB MB QSPGVOEJEBE EFM DPSUF Z FM EFTHBTUF EF MBT DFSEBT 3FNVFWB MB QJF[B QMÈTUJDB QBSB PSJGJDJP EF FKF EF

$FQJMMPT EF "MBNCSF DPO &ODBQTVMBEP 1MÈTUJDP

8JSF 'JOF

"SCPS )PMF *O NN

%JÈNFUSP

"SCPS )PMF *O NN

*O

%JÈNFUSP NN

/P 0SEFO

*O ¼

"ODIP

NN

"SCPS )PMF *O NN

/P 'BC

*O

%JÈNFUSP NN

*O

"ODIP

NN

$FQJMMP EF "MBNCSF 5SFO[BEP (JSBUPSJP EF QBSB 3BTQBEP EF 3JO "QSPCBEP QPS MB NBZPSÓB EF FNQSFTBT EF IVMF HPNB 4F QVFEF PQFSBS DPO SBTQBEPSFT DPO FKFT GMFYJCMFT BGJMBEPSBT EF CBODP P DPO UBMBESPT DPO WFMPDJEBEFT EF SQN P NÈT "MBNCSF 1BSB NFKPSFT SFTVMUBEPT VUJMJDF DFQJMMPT MBEP DPO MBEP /P /P %JÈNFUSP 0SEFO 'BC *O NN 3FNVFWB MB QJF[B QMÈTUJDB PSJGJDJP EF FKF EF

3FVOJEPT

4F VUJMJ[B FO MBT QBSUFT EB×BEBT EFM OFVNÈUJDP QBSB FTDBSJBS FM ÈSFB BGFDUBEB EFTQVÏT EFM SBTQBEP &M DFQJMMP DPO DFSEBT SÓHJEBT FTUÈ EJTF×BEP QBSB DPSUBS OP QBSB UFYUVSJ[BS &M DFQJMMP FODBQTVMBEP TF HBTUB EF VOB NBOFSB NÈT VOJGPSNF Z FT NÈT EVSBCMF &M BEBQUBEPS EPCMF QFSNJUF BM PQFSBEPS SFWFSTBS FM MBEP BGJMBEP EFM DFQJMMP TJO UFOFS RVF SFNPWFS MB UVFSDB Z MB BSBOEFMB 1JF[B QMÈTUJDB SFNPWJCMF QBSB PSJGJDJP EF FKF EF %FTDSJQDJØO $FQJMMP $FQJMMP &ODBQTVMBEP "ODIP $FQJMMP &ODBQTVMBEP "OHPTUP "EBQUBEPS %PCMFP

"SCPS )PMF *O NN

1BSB SBTQBEP Z SFNPDJØO EFM FYDFTP EF IVMF HPNB 0SJGJDJP EF FKF EF UVFSDB DPO SPTDB EF

t -PT DFQJMMPT FODBQTVMBEPT UJFOFO NBZPS EVSBDJØO

/P 0SEFO

NN

t $FQJMMPT FTUÈOEBS P FODBQTVMBEPT

"ODIP

$FQJMMP EF "MBNCSF 5SFO[BEP (JSBUPSJP EF

$FQJMMP EF QBSB &TDBSJBEP Z "EBQUBEPS %PCMF

*O

%JÈNFUSP

&YDFMFOUF QBSB VTBS FO SFQBSBDJØO EF OFVNÈUJDPT EB×BEPT "MBNCSF EF /P 'BC

1BSB SBTQBEP Z SFNPDJØO EFM FYDFTP EF IVMF HPNB "MBNCSF USFO[BEP EF 1JF[B QMÈTUJDB SFNPWJCMF QBSB PSJGJDJP EF FKF EF /P /P %JÈNFUSP 0SEFO 'BC *O NN 3FNPWF QMBTUJD JOTFSU BSCPS IPMF

$FQJMMP EF QBSB 3BTQBEP EF /FVNÈUJDPT

/P 0SEFO

/P 'BC

"MBNCSF BODIP EF DBSB EF /P 'BC 4 4

1BSB QSFQBSBS DBSDBTBT EFTQVÏT EF MB SFNPDJØO EFM FYDFTP EF IVMF HPNB Z BOUFT EF MB BQMJDBDJØO EF IVMF UJQP $BNFMCBDL "MBNCSF EF EF EJÈNFUSP Y EF BODIP PSJGJDJP EF FKF EF

$FQJMMP EF "MBNCSF (JSBUPSJP 5SFO[BEP EF

/P %JÈNFUSP "ODIP 0SEFO *O NN *O NN ¼ ¼ t 3FNVFWB JOTFSUP QMÈTUJDP QBSB PSJGJDJP EF FKF EF

/P 0SEFO

$FQJMMP QBSB 1BSFEFT -BUFSBMFT EF /FVNÈUJDP EF

/P 0SEFO

$FQJMMPT 1MÈTUJDPT &ODBQTVMBEPT

/P 'BC 0#

"SCPS )PMF *O NN

*O

"ODIP

NN

"SCPS )PMF *O NN

$FQJMMP EF QBSB 3BTQBEP EF 3JO

0QFSB DPO SBTQBEPSFT DPO FKFT GMFYJCMFT BGJMBEPSBT EF CBODP P DPO UBMBESPT DPO WFMPDJEBEFT EF 31. P NÈT "MBNCSF DPO PSJGJDJP EF FKF EF UVFSDB DPO SPTDB EF /P 0SEFO

NZFSTUJSFTVQQMZ DPN

*O

%JÈNFUSP NN

*O

"ODIP

NN


$FQJMMPT QBSB 3BTQBEP EF 1BSFEFT -BUFSBMFT $FQJMMPT 3BTQBEPSFT EF 1BSFEFT -BUFSBMFT .BSBOHPOJ

$IVDLT P .BOESJMFT Z "EBQUBEPSFT EF $BNCJP 3ÈQJEP

ß

$FQJMMP EF SFFNQMB[P QBSB BDDFTPSJP EF SBTQBEP EF QBSFEFT MBUFSBMFT EF MB 3BTQBEPSB .BSBOHPOJ -FPOBSEP $FQJMMP EF CSPODF EF EF EJÈNFUSP BODIP EF 4F SFRVJFSFO VOJEBEFT /P 0SEFO %FTDSJQDJØO $FQJMMP EF #SPODF EF QBSB 1BSFEFT -BUFSBMFT

"SCPS )PMF

$FQJMMP QBSB 1BSFEFT -BUFSBMFT QBSB 3BTQBEPSFT 4FSJF

1BSB BDDFTPSJP EF SBTQBEP EF MB TFSJF EF BODIP Y DPO PSJGJDJP EF FKF EF /P 0SEFO %FTDSJQDJØO $FQJMMP EF QBSB 1BSFEFT -BUFSBMFT

$FQJMMPT EF "MBNCSF QBSB /FVNÈUJDPT

/P 'BC

%JÈNFUSP *O NN ¼ ¼

-

6TF DVBMRVJFSB EF MPT BEBQUBEPSFT MJTUBEPT DPO FM DIVDL P NBOESJM

"MBNCSF EF BDFSP QBUFOUBEP DPO BMUP DPOUFOJEP EF DBSCPOP RVF OP TF SPNQF TFQBSB P DBMJFOUB Z RVF RVFNB FM IVMF HPNB Z MBT DVFSEBT "MBNCSF EF -PT DFQJMMPT UJFOFO VO PSJGJDJP EF FKF EF F JODMVZFO CVKFT EF Ø £ FYDFQUP DVBOEP FTQFDJGJDBEP /P 0SEFO # # % # . . $ +

'BDF "SCPS "ODIP %FTDSJQDJØO £ 1BSB VTP FO SBTQBEPSFT EF QBSFEFT MBUFSBMFT NN 1BSB VTBS FO .BUUFV[[J 3"4 NN 1BSB VTBS FO .BUUFV[[J 3"4 &

/P 0SEFO

/P 'BC 5# $ .2$

5# 4 5# ") 5# #) $$ 5# #

5# 5# "

%FTDSJQDJØO $IVDL P .BOESJM EF $BNCJP 3ÈQJEP 3PTDB )FNCSB $IVDL P .BOESJM EF $BNCJP 3ÈQJEP 3PTDB )FNCSB $IVDL P .BOESJM EF $BNCJP 3ÈQJEP EF 3PTDB )FNCSB

"EBQUBEPS EF -POHJUJVE EF ¼ "EBQUBEPS EF EF 3PTDB EF 1VMHBEB -POHJUVE EF ¼ DPO BSBOEF MBT 5VFSDB QBSB .POUBKF EF )FSSBNJFOUBT DPO 0SJGJDJP EF &KF EF "EBQUBEPS $PSUP EF MBSHP EF "EBQUBEPS EF QBSB ;BODP DPO 4FU EF 5PSOJMMPT "EBQUBEPS EF ¼ QBSB ;BODP DPO 4FU EF 5PSOJMMPT "EBQUBEPS EF QBSB ;BODP DPO FTQJHB EF Z 4FU EF 5PSOJMMPT "EBQUBEPS EF QBSB ;BODP DPO FTQJHB EF Z 4FU EF 5PSOJMMP "EBQUBEPS EF Z QBSB ;BODP DPO 4FU EF 5PSOJMMPT "EBQUBEPS EF $BNCJP 3ÈQJEP DPO &TQBDJBEPS "EBQUBEPS %PCMF QBSB $FQJMMP "GJMBEPS "EBQUBEPS %PCMF EF $BNCJP 3ÈQJEP EF DPO 5VFSDB 4FU EF 5PSOJMMPT EF Y QBSB "EBQUBEPSFT QPS #PMTB

$IVDLT P .BOESJMFT Z "EBQUBEPSFT +BDPCT

$FQJMMP 3FEPOEP EF "DFSP t OVF[ SPTDBEB t " EBQUFST BWBJMBCMF UP SFEVDF UP UISFBE $POUBDU VT $IVDL ,FZ

4F VUJMJ[B QBSB MJNQJBS ØYJEP Z QBSUÓDVMBT FO OFVNÈUJDPT EF WFIÓDVMPT EF QBTBKFSPT Z SVFEBT EF BDFSP EF DBNJPOFT %JÈNFUSP UISFBEFE BSCPS IPMF NBY SQN /P 0SEFO /P 'BC

%FTDSJQDJØO $FQJMMP EF "DFSP QBSB 3VFEBT

$FQJMMPT DPO 5BMMP 6UJMJDF QBSB QSFQBSBS MB QBSUF EB×BEB EFM OFVNÈUJDP EFTQVÏT EF UBMBESBS P BGJMBS &M [BODP TØMJEP OP TF [BGBSÈ EVSBOUF FM VTP 6UJMJDF DPO IFSSBNJFOUB EF CBKB WFMPDJEBE /P 0SEFO

%FTDSJQDJØO $FQJMMP EF DPO 5BMMP $FQJMMP EF DPO 5BMMP $FQJMMP EF £ DPO 5BMMP

$IVDL P .BOESJM Z -MBWF /P /P 0SEFO 'BC %FTDSJQDJØO $IVDL P .BOESJM EF Z -MBWF 3PTDB EF

5# % ;BODP EF ¼ B 4"& .BDIP EF 5# % ;BODP EF ¼ B 644 .BDIP EF , 1BSB UBMBESP EF ¼ B 644 .BDIP EF

1JFESB #MBODB QBSB -JNBS 1BSFEFT -BUFSBMFT 3VFEB CMBODB WJUSJGJDBEB QBSB MJNBS QBSFEFT MBUFSBMFT 7FMPDJEBE NÈYJNB EF PQFSBDJØO EF 31. /P 0SEFO (SBOP

*O

%JÈNFUSP NN

t TBMFT!NZFSTUJSFTVQQMZ DPN

*O

"ODIP

NN

"SCPS )PMF *O NN


4FDDJPOBEPSBT 7VMDBOJ[BEPS EF 4PCSFT -*/$0-/ &37

4FDDJPOBEPSB -*/$0-/ QBSB /FVNร UJDPT EF 7FIร DVMPT EF 1BTBKFSPT

5JFOF VOB DBCF[B EF DVSBEP HSBOEF EF QVMHBEBT DPO VOB BMNPIBEJMMB EF QJTUร O EF HPNB EF TJMJDPOB JNQVMTBEB QPS BJSF RVF QSPQPSDJPOB VOB QSFTJร O VOJGPSNF EVSBOUF FM DJDMP EF DVSBEP &M UFNQPSJ[BEPS JOUFHSBEP BQBHB FM DBMPS Z FM BJSF BVUPNร UJDBNFOUF 1SPGVOEJEBE EF HBSHBOUB c JO *ODMVZF TPQPSUFT EF NPOUBKF QBSB CBODP .PEFMP 7 EJTQPOJCMF 7FB MB Qร HJOB QBSB FM KVFHP EF SFQBSBDJร O EF TPCSFT O ยก

t 1SPGVOEJEBE EF HBSHBOUB t "MUVSB EF HBSHBOUB c

/P 0SEFO %FTDSJQDJร O 7VMDBOJ[BEPS &37 7

t 4VQFSGJDJF QBSB $VSBEP EF c t 1BSB QMBDBT EF MB TFDDJPOBEPSB WFB MB Qร HJOB

1FTP MCT LH

4FDDJPOBEPSB -*/$0-/ EF "MUB 3FTJTUFODJB DPO 1MBDB

/P 0SEFO

t 4VQFSGJDJF QBSB $VSBEP EF Y 1BSB SFQBSBDJPOFT HSBOEFT FO UPEPT MPT UBNBร PT EF Dร NBSBT 1MBDB EFTNPOUBCMF QBSB WVMDBOJ[BEP EF Wร TUBHPT EF Wร MWVMB $POUSPMBEB FO GPSNB UFSNPTUร UJDB FMFNFOUP EF BMUB QPUFODJB FO WBUJPT RVF BMDBO[B Sร QJEBNFOUF MB UFNQFSBUVSB EF DVSBEP 4IJQ XU MCT /P 0SEFO

/P 'BC 5 5 5 5

6OJEBE EF DBMPS DPOUSPMBEB FO GPSNB UFSNPTUร UJDB RVF BMDBO[B MB UFNQFSBUVSB EF GVODJPOBNJFOUP FO QPDP UJFNQP QBSB WFMPDJEBEFT Sร QJEBT EF DVSBEP -B VOJEBE QVFEF TFS NPOUBEB FO VO CBODP EF USBCBKP P VTBEB DPNP VO WVMDBOJ[BEPS QPSUร UJM &M QBRVFUF PQDJPOBM EF QMBDBT JODMVZF USFT QMBDBT EF

%FTDSJQDJร O 7VMDBOJ[BEPSB EF "MUB 3FTJTUFODJB DPO 5VCP Z 1MBDB 7 7VMDBOJ[BEPSB EF "MUB 3FTJTUFODJB DPO 5VCP Z 1MBDB 7 "EBQUBEPS QBSB 7ร TUBHP EF 7ร MWVMB EF $BNJร O "EBQUBEPS #BTF EF ยฃ QBSB 7ร TUBHP EF 7ร MWVMB /FVNร UJDB %F "HVB EF 5SBDUPS $BMFGBDUPS EF 3FQVFTUP 7 $BMFGBDUPS EF 3FQVFTUP 7

4FDDJPOBEPSB &Mร DUSJDB DPO 1MBDB -*/$0-/

/P 'BC 5 5 5

%FTDSJQDJร O 7VMDBOJ[BEPSB EF 7 TJO 1MBDBT 7VMDBOJ[BEPSB EF 7 TJO 1MBDBT 1BRVFUF 0QDJPOBM EF 1MBDBT QBSB 3FQVFTUP EF $BMFGBDUPS 7 3FQVFTUP EF $BMFGBDUPS 7

1FTP MCT LH MCT LH MCT LH MCT LH MCT LH

4FDDJPOBEPSB /FVNร UJDB &Mร DUSJDB -*/$0-/ -5 QBSB /FVNร UJDPT EF $BNJPOFT -JWJBOPT t 1SPGVOEJEBE EF HBSHBOUB ย DFOUร NFUSPT

t "MUVSB EF HBSHBOUB DFOUร NFUSPT

t 5BNBร P Nร YJNP EF MB QBSUF EBร BEB ย t 1BSB QMBDBT EF MB TFDDJPOBEPSB WFB MB Qร HJOB 6TPT 3FQBSBDJPOFT EF CBOEB EF SPEBEVSB IPNCSPT Z GMBODPT

t 4VQFSGJDJF QBSB $VSBEP EF Y 4F NVFTUSB DPO TPQPSUF PQDJPOBM

4F DBMJFOUB JOTUBOUร OFBNFOUF Z QPTFF VO UFSNPTUBUP EF BKVTUF UJQP CSPDIF RVF BMDBO[B Z NBOUJFOF MB UFNQFSBUVSB EF DVSBEP FO GPSNB Sร QJEB 1MBDB QMBOB EFTQSFOEJCMF QBSB FM DVSBEP EF MPT Wร TUBHPT EF Wร MWVMB "CSB[BEFSB DPO BDDJร O EF HBUJMMP QBSB BKVTUFT Sร QJEPT EF PQFSBDJร O 4IJQ XU MCT /P 0SEFO

/P 'BC 5 5 5 5

%FTDSJQDJร O 7VMDBOJ[BEPSB DPO 5VCP Z 1MBDB 7 7VMDBOJ[BEPSB DPO 5VCP Z 1MBDB 7 "EBQUBEPS QBSB 7ร TUBHP EF 7ร MWVMB EF $BNJร O "EBQUBEPS #BTF EF ยฃ QBSB 7ร TUBHP EF 7ร MWVMB /FVNร UJDB %F "HVB EF 5SBDUPS $BMFGBDUPS EF 3FQVFTUP 7 $BMFGBDUPS EF 3FQVFTUP 7

4FDDJPOBEPSB EF 5BMPOFT &Mร DUSJDB 1PSUร UJM -*/$0-/ 1t 6TPT 1BSB SFQBSBDJPOFT EFM UBMร O FO OFVNร UJDPT EF DBNJร O t 5BNBร P Nร YJNP EF MB QBSUF EBร BEB

/P 'BC 1 15 5

%FTDSJQDJร O 7VMDBOJ[BEPSB EF 5BMPOFT 7 7VMDBOJ[BEPSB DPO 5VCP Z 1MBDB 7 3FQVFTUP EF $BMFGBDUPS &YUFSOP 7 3FQVFTUP EF $BMFGBDUPS *OUFSOP 7

/P 0SEFO

/P 'BC 50 50 50 5 5 5 5 5

%FTDSJQDJร O 7VMDBOJ[BEPSB -5 EF 7 TJO 1MBDBT 7VMDBOJ[BEPSB -5 EF 7 TJO 1MBDBT 4PQPSUF 0QDJPOBM QBSB 7VMDBOJ[BEPSB -5 1MBDB $VSWFBEB 0QDJPOBM +VFHP QBSB -5 $BMFGBDUPS 4ร MJEP 3FQVFTUP 7 "MNPIBEJMMB $BMFGBDUPSB EF 4JMJDร O %Jร NFUSP 7 +VOUB EF "JSF EF 4JMJDร O %Jร NFUSP 7 $PSEร O &Mร DUSJDP %FTNPOUBCMF

1FTP MCT LH MCT LH MCT LH MCT LH

4FDDJPOBEPSB EF 5BMPOFT 8*//&3

7VMDBOJ[BEPS QPSUร UJM DPO BKVTUF UJQP CSPDIF RVF BM BQSFUBS VO UPSOJMMP FTUร MJTUP QBSB SFQBSBS MPT EBร PT FO MPT UBMPOFT EF IBTUB $VFOUB DPO VOJEBEFT EF DBMFOUBNJFOUP JOUFSJPSFT Z FYUFSJPSFT QBSB VO DVSBEP Sร QJEP Z SFHVMBEP QMBDBT QBSB UBMร O EF OFVNร UJDPT EF DBNJPOFT Z JODMVJEBT /P 0SEFO

3FQBSF MB CBOEB EF SPEBEVSB IPNCSP Z GMBODPT EF OFVNร UJDPT EF WFIร DVMPT EF QBTBKFSP Z DBNJPOFT MJWJBOPT DPO VO Tร MP WVMDBOJ[BEPS -B DBCF[B EF QJTUร O UJQP BMNPIBEJMMB DPO DBร EB OFVNร UJDB QFSNJUF VOB SFQBSBDJร O QSPGFTJPOBM EF MPT GMBODPT EFM OFVNร UJDP -BT ร SFBT EF MB CBOEB EF SPEBEVSB Z FM IPNCSP TF SFQBSBO EF NBOFSB Tร MJEB DPO QSFTJร O DPOTUBOUF TVNJOJTUSBEB QPS MBT QMBDBT DVSWFBEBT Z VO TJTUFNB EF DPNQFOTBDJร O BDUJWBEP QPS VO BNPSUJHVBEPS 4F DBMJFOUB EFTEF BNCPT MBEPT EFM OFVNร UJDP QBSB VOB NBZPS DBQBDJEBE EF SFQBSBDJร O &M TPQPSUF PQDJPOBM GJKB FM OFVNร UJDP FO MB FTUSVDUVSB HJSBUPSJB QBSB VOB Gร DJM SPUBDJร O &M WVMDBOJ[BEPS IPSJ[POUBM TF BMJOFB Gร DJMNFOUF DPO MB QBSUF FO SFQBSBDJร O Z FMJNJOB QSPCMFNBT EFM ร SFB EF SFQBSBDJร O 4F SFRVJFSF FM VTP EFM KVFHP EF QMBDBT DVSWFBEBT QBSB OVFWBT SFQBSBDJPOFT *ODMVZF QMBDBT EF 1BSB QMBDBT EF MB TFDDJPOBEPSB WFB MB Qร HJOB

1FTP MCT LH MCT LH

3FQBSB UBMPOFT EBร BEPT FO OFVNร UJDPT EF WFIร DVMPT EF QBTBKFSPT Z EF DBNJPOFT Z DVFOUB DPO QMBDBT DVSWFBEBT JOUFSJPSFT Z FYUFSJPSFT RVF TF BKVTUBO BM UBNBร P EFM OFVNร UJDP *ODMVZF VO KVFHP EF QMBDBT QBSB OFVNร UJDPT Z )BZ EJTQPOJCMFT PUSPT UBNBร PT QBSB OFVNร UJDPT EF WFIร DVMPT EF QBTBKFSPT Z EF DBNJPOFT $BEB DBMFOUBEPS JOUFSJPS Z FYUFSJPS QSPEVDF WBUJPT FO 7 " $ /P 0SEFO

/P 'BC 55 55 55 4

%FTDSJQDJร O 7VMDBOJ[BEPSB EF 5BMPOFT 7 7VMDBOJ[BEPSB EF 5BMPOFT 7 4PQPSUF 0QDJPOBM

NZFSTUJSFTVQQMZ DPN

4F NVFTUSB NPOUBEB TPCSF 4PQPSUF 0QDJPOBM

1FTP MCT LH MCT LH MCT LH


4FDDJPOBEPSBT 4FDDJPOBEPSB &MÏDUSJDB -*/$0-/ # QBSB /FVNÈUJDPT EF $BNJPOFT

4FDDJPOBEPSB /FVNÈUJDB &MÏDUSJDB -*/$0-/ .5 QBSB /FVNÈUJDPT .FEJBOPT EF $BNJPOFT

t 1SPGVOEJEBE EF HBSHBOUB

t 1SPGVOEJEBE EF HBSHBOUB DFOUÓNFUSPT

t "MUVSB EF HBSHBOUB

t "MUVSB EF HBSHBOUB DFOUÓNFUSPT

t 1 BSB QMBDBT EF MB TFDDJPOBEPSB WFB MB QÈHJOB

t 5 BNB×P NÈYJNP EF MB QBSUF EB×BEB

t 6 TPT #BOEB EF SPEBEVSB IPNCSP Z GMBODPT EF OFVNÈUJDPT

t 1 BSB QMBDBT EF MB TFDDJPOBEPSB WFB MB QÈHJOB

t 5 BNB×P NÈYJNP EF MB QBSUF EB×BEB 6TPT 3FQBSBDJPOFT EF CBOEB EF SPEBEVSB IPNCSP Z GMBODPT EF OFVNÈUJDPT

1BSB SFQBSBDJPOFT FO OFVNÈUJDPT EF DPSUFT USBOTWFSTBMFT EF IBTUB -PT DBMFGBDUPSFT EF BMUP SFOEJNJFOUP DVFOUBO DPO UFSNPTUBUPT NPOUBEPT TPCSF QMBDBT BQSPCBEBT QPS MB 6OJØO &VSPQFB 5JFNQP EF DBMFOUBNJFOUP EF MB NÈRVJOB NFOPS B NJOVUPT &M QBRVFUF PQDJPOBM EF QMBDBT JODMVZF PDIP QMBDBT 7FB MB QÈHJOB QBSB NÈT EFUBMMFT /P 0SEFO

/P 'BC # # 5 5 5 5 5

4F NVFTUSB NPOUBEB TPCSF 4PQPSUF 0QDJPOBM

%FTDSJQDJØO 7VMDBOJ[BEPSB EF 7 TJO 1MBDBT 7VMDBOJ[BEPSB EF 7 TJO 1MBDBT 1BRVFUF 0QDJPOBM EF 1MBDBT QBSB $BMFGBDUPS EF 3FQVFTUP 4VQFSJPS 7 $BMFGBDUPS EF 3FQVFTUP *OGFSJPS 7 $BMFGBDUPS EF 3FQVFTUP 4VQFSJPS 7 $BMFGBDUPS EF 3FQVFTUP *OGFSJPS 7

1FTP MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH MCT LH

4FDDJPOBEPSB /FVNÈUJDB &MÏDUSJDB -*/$0-/ 54 QBSB /FVNÈUJDPT EF $BNJPOFT t 1SPGVOEJEBE EF HBSHBOUB DFOUÓNFUSPT

t "MUVSB EF HBSHBOUB DFOUÓNFUSPT

1BSB SFQBSBDJPOFT EF MB CBOEB EF SPEBEVSB IPNCSP Z GMBODPT EF MPT OFVNÈUJDPT NFEJBOPT IBTUB EF DBNJØO -B DBCF[B EF QJTUØO UJQP BMNPIBEJMMB QFSNJUF SFQBSBDJPOFT QSPGFTJPOBMFT EF MPT GMBODPT EFM OFVNÈUJDP -BT ÈSFBT EF MB CBOEB EF SPEBEVSB Z FM IPNCSP TF SFQBSBO FO GPSNB TØMJEB DPO VOB QSFTJØO DPOTUBOUF HFOFSBEB QPS MBT QMBDBT DVSWFBEBT Z VO TJTUFNB EF DPNQFOTBDJØO B USBWÏT EF BNPSUJHVBEPSFT 4F DBMJFOUB EFTEF BNCPT MBEPT EFM OFVNÈUJDP QBSB NÈYJNB FGJDJFODJB FO MB SFQBSBDJØO &M TPQPSUF PQDJPOBM TVKFUB FM OFVNÈUJDP FO MB FTUSVDUVSB HJSBUPSJB QBSB VOB GÈDJM SPUBDJØO &M WVMDBOJ[BEPS IPSJ[POUBM TF BMJOFB GÈDJMNFOUF DPO MB QBSUF FO SFQBSBDJØO Z FMJNJOB QSPCMFNBT EFM ÈSFB EF SFQBSBDJØO 4F SFRVJFSF FM KVFHP PQDJPOBM EF 1MBDBT $VSWFBEBT QBSB OVFWBT JOTUBMBDJPOFT *ODMVZF QMBDBT 7FB MB QÈHJOB QBSB NÈT EFUBMMFT /P 0SEFO

/P 'BC 50 50 50 5 5 5 5 5

%FTDSJQDJØO 7VMDBOJ[BEPSB .5 7 TJO 1MBDBT 7VMDBOJ[BEPSB .5 7 TJO 1MBDBT 1BRVFUF 0QDJPOBM QBSB 7VMDBOJ[BEPSB .5 +VFHP 0QDJPOBM EF 1MBDBT $VSWFBEBT QBSB .5 6OJEBE $BMFGBDUPSB EF 3FQVFTUP 7 "MNPIBEJMMB $BMFGBDUPSB EF 4JMJDØO %JÈNFUSP 7 +VOUB EF "JSF EF 4JMJDØO %JÈNFUSP 7 $PSEØO &MÏDUSJDP %FTNPOUBCMF

1FTP MCT LH MCT LH MCT LH MCT LH

4FDDJPOBEPSB -*/$0-/ QBSB /FVNÈUJDPT EF $BNJPOFT (SBOEFT 5SBDUPSFT

t 1BSB QMBDBT EF MB TFDDJPOBEPSB WFB MB QÈHJOB

t 1SPGVOEJEBE EF HBSHBOUB t "MUVSB EF HBSHBOUB

6TPT 3FQBSBDJPOFT EF CBOEB EF SPEBEVSB IPNCSP Z GMBODPT EF OFVNÈUJDPT 5BNB×P NÈYJNP EF MB QBSUF EB×BEB %FUBMMF EF MBT QBSUFT FO MB QÈHJOB

t 1BSB QMBDBT EF MB 4FDDJPOBEPSB WFB MB QÈHJOB t 6TPT 3FQBSBDJPOFT EF CBOEBT EF SPEBEVSB GMBODPT Z IPNCSPT t 5BNB×P NÈYJNP EF MB QBSUF EB×BEB

&M DBMFGBDUPS EF IVMF HPNB Z TJMJDØO GMFYJCMF EF TF BKVTUB B MPT GMBODPT EFM OFVNÈUJDP "EFDVBEB QBSB SFQBSBDJPOFT EF OFVNÈUJDPT EF DBNJØO EF IBTUB EFTEF CBKP QFSGJM IBTUB 4VQFS 4JOHMFT &M QBOFM EF DPOUSPM DVFOUB DPO VO JOUFSSVQUPS VO SFHVMBEPS EF BJSF Z VOB MÈNQBSB JOEJDBEPSB EF MB UFNQFSBUVSB &M UFNQPSJ[BEPS EFTDPOFDUB FM DBMPS FM GMVKP EF BJSF Z FMFDUSJDJEBE DVBOEP IBZ CBKPOFT EF FOFSHÓB -B MV[ JOEJDBEPSB TF FODJFOEF DVBOEP TF DPNQMFUB FM QSPDFTP EF DVSBEP 3PEJMMP EF QBSB GÈDJM SPUBDJØO EFM OFVNÈUJDP 1BRVFUF PQDJPOBM EF OVFWF QMBDBT EJTQPOJCMF /P 0SEFO

/P 'BC 54 54 5 5 5 5 5

%FTDSJQDJØO 7VMDBOJ[BEPSB DPO 4PQPSUF EF 7 TJO 1MBDBT 7VMDBOJ[BEPSB DPO 4PQPSUF EF 7 TJO 1MBDBT 1BRVFUF 0QDJPOBM EF 1MBDBT QJF[BT QBSB 54 $BMFGBDUPS 4ØMJEP EF 3FQVFTUP 7 "MNPIBEJMMB $BMFGBDUPSB EF 4JMJDØO EF %JÈNFUSP 7 +VOUB EF "JSF EF 4JMJDØO %JÈNFUSP 7 $PSEØO &MÏDUSJDP %FTNPOUBCMF

1FTP MCT LH MCT LH MCT LH

-B VOJEBE EF CBKB QSPEVDDJØO EF DBMPS BDDJPOBEB QPS SFTPSUFT NBOUJFOF VOB QSFTJØO DPOUJOVB Z DPOTUBOUF EVSBOUF FM QSPDFTP EF DVSBEP Z FWJUB UFOFS RVF UFOTBS OVFWBNFOUF MPT DBMFGBDUPSFT $VFOUB DPO VO DBMFGBDUPS TVQFSJPS DPO BUPSOJMMBEP QBSB IBDFS BKVTUFT EF ÞMUJNP NPNFOUP 6UJMJDF DPO CPMTBT GMFYJCMFT P QMBDBT DVSWFBEBT &M 1BRVFUF 0QDJPOBM EF 1MBDBT JODMVZF PODF QMBDBT Z DVBUSP CPMTBT 7FB MB QÈHJOB QBSB NÈT EFUBMMFT /P 0SEFO

/P 'BC 5 5 5 5 5

%FTDSJQDJØO 7VMDBOJ[BEPSB EF 7 TJO 1MBDBT 7VMDBOJ[BEPSB EF 7 TJO 1MBDBT 1BRVFUF 0QDJPOBM EF 1MBDBT QBSB 6OJEBE $BMFGBDUPSB EF 3FQVFTUP 4VQFSJPS 7 6OJEBE $BMFGBDUPSB EF 3FQVFTUP 4VQFSJPS 7 6OJEBE $BMFGBDUPSB EF 3FQVFTUP *OGFSJPS 7 6OJEBE $BMFGBDUPSB EF 3FQVFTUP *OGFSJPS 7

t TBMFT!NZFSTUJSFTVQQMZ DPN

1FTP MCT LH MCT LH MCT LH


4FDDJPOBEPSBT 4FDDJPOBEPSB -*/$0-/ .VMUJGVODJØO QBSB /FVNÈUJDPT

4FDDJPOBEPSB /FVNÈUJDB &MÏDUSJDB -*/$0-/ QBSB /FVNÈUJDPT EF 5SBDUPS

t 1BSB SFQBSBDJPOFT FO OFVNÈUJDPT EF WFIÓDVMPT BHSÓDPMBT WFIÓDVMPT EF SFNPMRVF Z 053

t 1SPGVOEJEBE EF HBSHBOUB DFOUÓNFUSPT

t 1SPGVOEJEBE EF HBSHBOUB DFOUÓNFUSPT

t "MUVSB EF HBSHBOUB DFOUÓNFUSPT

t "MUVSB EF HBSHBOUB DFOUÓNFUSPT

t 1BSB QMBDBT EF MB TFDDJPOBEPSB WFB MB QÈHJOB 6TPT 3FQBSBDJPOFT EF CBOEB EF SPEBEVSB IPNCSP Z GMBODPT EF OFVNÈUJDPT

1BSUFT FTQFDJGJDBEBT FO MB QÈHJOB

5BNB×P NÈYJNP EF MB QBSUF EB×BEB

6TPT 3FQBSBDJPOFT EF CBOEB EF SPEBEVSB IPNCSP Z GMBODPT EF OFVNÈUJDPT

-B QSPGVOEJEBE Z BMUVSB EF MB HBSHBOUB EF FTUB TFDDJPOBEPSB FT JEFBM QBSB OFVNÈUJDPT HSBOEFT EF USBDUPS Z EF WFIÓDVMPT GVFSB EF DBSSFUFSB &M QBRVFUF PQDJPOBM EF 1MBDBT JODMVZF PDIP QMBDBT Z CPMTBT 7FB MB QÈHJOB QBSB NÈT EFUBMMFT

5BNB×P JEFBM QBSB SFQBSBDJPOFT EF OFVNÈUJDPT FO FRVJQP EF GBCSJDBDJØO MJWJBOB Z NFEJB USBDUPSFT USBOTQPSUF EF UBMB GPSFTUBM WFIÓDVMPT EF SFNPMRVF Z FRVJQP QBSB NJOFSÓB 0QFSB DPO OFVNÈUJDPT EF Y 053 EF NFEJEBT EF IBTUB Y Z OFVNÈUJDPT QBSB SFNPMRVFT EF IBTUB Y %JNFOTJPOFT EF Y FO MB QBSUF JOUFSOB Z Y FO MB QBSUF FYUFSOB &M TJTUFNB EF QMBDB DVSWFBEB "EKVTU " 1MBUF BKVTUB MB TVQFSGJDJF EFM DBMFGBDUPS BM DPOUPSOP EFM OFVNÈUJDP -B CPMTB BDDJPOBEB FO GPSNB OFVNÈUJDB BQMJDB NÈT EF MJCSBT EF QSFTJØO EF BJSF EF NBOFSB IPNPHÏOFB TPCSF FM ÈSFB EF SFQBSBDJØO &M UFNQPSJ[BEPS EF DJODP IPSBT BQBHB BVUPNÈUJDBNFOUF FM DBMFGBDUPS DVBOEP TF DPNQMFUB FM DJDMP *ODMVZF VO DBSSJUP EF CBTF DPO SPEPT QBSB NÈYJNB NPWJMJEBE 4F FOWÓB UPUBMNFOUF BSNBEP /P 0SEFO /P 'BC

%FTDSJQDJØO 7VMDBOJ[BEPSB .VMUJGVODJØO 7 7VMDBOJ[BEPSB .VMUJGVODJØO 7

1FTP MCT LH MCT LH

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1FTP MCT LH MCT LH MCT LH MCT LH MCT LH

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1FTP MCT LH MCT LH MCT LH MCT LH MCT LH


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NZFSTUJSFTVQQMZ DPN


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6TP $PO

5JQP

%JÈNFUSP

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&1%. 4FBM

5PEPT 5PEPT

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¾ ¾ ¾ ¾ ¾ ¾ ¾ ¾

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$ÈNBSB 1 $ÈNBSB 5 $ÈNBSB 5

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¾ ¾ ¾

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w EF .BUFSJBM EF 4JMJDØO QPS 1JÏ w EF .BUFSJBM EF 4JMJDØO QPS 1JÏ

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EF %JÈNFUSP EF %JÈNFUSP EF %JÈNFUSP 1MVNB QBSB 3FHJTUSBS MB 5FNQFSBUVSB 1BSUMPX 3FE 4IPSU 4UFN

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1BRVFUF EF

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t TBMFT!NZFSTUJSFTVQQMZ DPN

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1BSB VTP EFOUSP EF MB DÈNBSB EF DVSBEP

3FTPSUF *OUFSOP

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#VML

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/P 0SEFO

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/P 0SEFO

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/P 0SEFO

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.BOHVFSB EF 7BQPS EF 5FGMØO

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/P 0SEFO

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/P 0SEFO

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