Helsby to Hand February 2013

' ' ) &+ %

( '

(

7<5(6 $5( <285 21/< 32,17 2) &217$&7 :,7+ 7+( 52$' 685)$&( <28 &$1127 1(*/(&7 7+( &21',7,21 2) <285 7<5(6 52$'6,'( 5(&29(5< 7<5(6 5(3$,5(' 25 &+$1*(' $7 +20( 3/$&( 2) :25. :( :,// &20( 72 <28 3,&. 83 $1' '523 2)) 6(59,&( $9$,/$%/(

.((3 6$)(

+285 &$// 287

7+,6 :,17(5

9,6,7 285 :(%6,7( 12: 72 %( (17(5(' ,1 $ '5$: 72 :,1

$ )5(( 6(7 2) :,17(5 7<5(6

ZZZ ELJLQUXEEHU FR XN

7+( )52'6+$0 7<5( &2 /7'

*5($7 35,&(6 21 0$-25 %5$1' $1' %8'*(7 7<5(6 81,7 7+( )52'6+$0 %86,1(66 &(175( %5,'*( /$1( )52'6+$0 &+(6+,5( :$ +1

)(%58$5< 63(&,$/ 2))(5 )8// 6(59,&( 027 Â&#x2026; ),;(' 35,&(

)8// 6(59,&,1*

Â&#x2026;

)25 0267 0$.(6 $1' 02'(/6 )8//< ,1&/86,9(

&2//(&7,21 '(/,9(5< )5(( 2) &+$5*( ([FOXGHV SODWLQXP SOXJV SOHDVH SKRQH IRU GHWDLOV

027·6 21/<

Â&#x2026; 7HUPV &RQGLWLRQV DSSO\

72 *(7 $&&(66 72 $1< 2) 7+(6( )(%58$5< 2))(56 3/($6( %5,1* $/21* 72 7+( '(327 <285 &23< 2) 7+,6 0$*$=,1(

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

'HDU )ULHQGV )HEUXDU\ DQG WKH VSULQJ EXOEV KDYH VWDUWHG WR VKRRW 6SULQJ LV MXVW DURXQG WKH FRUQHU ZH KRSH $V \RX¶G H[SHFW WKLV PRQWK¶V HGLWLRQ IHDWXUHV PDQ\ LGHDV WR FHOHEUDWH 6W 9DOHQWLQH¶V 'D\ DQG RQ WKH WKHPH RI URPDQFH )URGVKDP LV KRVWLQJ D VSHFLDO :HGGLQJ (YHQW RQ 0DUFK QG 0DQ\ VKRSV DQG EXVLQHVVHV KDYH MRLQHG WRJHWKHU ZLWK WKH KHOS RI )URGVKDP )RXQGDWLRQ WR VKRZFDVH ZKDW )URGVKDP KDV WR RIIHU %ULGHV WR EH ZLOO DOVR UHFHLYH D IUHH JRRG\ EDJ VHH SDJH IRU PRUH LQIRUPDWLRQ ,I \RX DUH ORRNLQJ IRU FKLOGUHQ·V DFWLYLWLHV HVSHFLDOO\ DV )HEUXDU\ KDOI WHUP LV ORRPLQJ WKHQ WDNH D ORRN DW SDJH 7HQQLV FODVVHV DUH FRPLQJ WR )URGVKDP 2SWLPD 7HQQLV LV LQWURGXFLQJ ¶7LQ\ 7HQQLV· VHVVLRQV IRU FKLOGUHQ DJHG \HDUV VWDUWLQJ LQ )HEUXDU\ WHDFKLQJ WKH IXQGDPHQWDO SULQFLSOHV RI DJLOLW\ EDODQFH FR RUGLQDWLRQ )URP $SULO FKLOGUHQ DJHG ZLOO EH DEOH WR OHDUQ ¶0LQL 7HQQLV· D VFDOHG GRZQ YHUVLRQ RI WKH UHDO JDPH 7KH +HDWK 7HQQLV &OXE KDV KDOI WHUP 7HQQLV 0XOWL VSRUWV FDPSV IRU DJHV WR IURP DP WR SP DQG 0XPV DQG WRWV FDQ MRLQ .DWH DW 0LQL 0RYHUV LQ 'XQKDP +LOO DQG H[SORUH WKH ZRUOG RI GDQFH WKURXJK PXVLF LPDJLQDWLRQ DQG ORWV RI IXQ :LWK FKLOGUHQ LQ PLQG ,¶G DOVR OLNH WR PHQWLRQ WKDW $ = %OLQGV RSSRVLWH DUH RIIHULQJ D IUHH &KLOG 6DIHW\ FKHFN ZLWK DOO IUHH HVWLPDWHV WKDW WKH\ GR IRU QHZ EOLQGV 6KURYH 7XHVGD\ LV WKH WK )HEUXDU\ DQG RQ SDJH \RX¶OO ¿QG D GHOLFLRXV UHFLSH IRU $SSOH SDQFDNHV HQMR\ %HVW :LVKHV 6DUDK [ /HWV JHW 6RFLDO

7KLV PRQWK LQ SLFWXUHV S

S S

S

S

S

S

S

3/($6( 127( &23< '$7( )25 7+( 0$5&+ (',7,21

,6 7+ )(%58$5< 72 $'9(57,6( 3/($6( 5,1* 6$5$+ 21

RU HPDLO KHOVE\WRKDQG#EWLQWHUQHW FRP ,I \RX GRQ¶W KDYH D FRS\ ¶WR KDQG¶ FKHFN RXW WKH ZHEVLWH ZZZ KHOVE\WRKDQG FR XN

+HOVE\ WR +DQG .HUURZPRDU 0DQOH\ 5RDG $OYDQOH\ )URGVKDP &KHVKLUH :$ '( 7HO (PDLO KHOVE\WRKDQG#EWLQWHUQHW FRP ´+HOVE\ WR +DQGµ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

3HWV DUH IDU KDSSLHU DQG KHDOWKLHU LQ WKHLU KRPH HQYLURQPHQW :KLOH \RX·UH DZD\ \RXU 3HWV FDQ FRQWLQXH WKHLU UHJXODU URXWLQH DQG VWD\ FRPIRUWDEOH LQ WKHLU RZQ HQYLURQPHQW :H DOVR RIIHU GRJ ZDONLQJ VHUYLFHV GHVLJQHG IRU RZQHUV ZKR ZRUN ORQJ KRXUV RU ZKR DUH KRVSLWDOLVHG RU UHFXSHUDWLQJ IROORZLQJ LOOQHVV RU LQMXU\ <RXU GRJ·V VDIHW\ LV SDUDPRXQW WKHUHIRUH ZH DUH PLQGIXO RI RWKHU GRJV FKLOGUHQ RU SHRSOH DSSURDFKLQJ WKH GRJV LQ RXU FDUH 3HW 6LWWLQJ 3ULFH *XLGH &DWV )URP Â&#x2026; 6PDOO $QLPDOV )URP Â&#x2026; 'RJV )URP Â&#x2026; +RUVHV 2Q UHTXHVW )RU D TXRWH RU WR ERRN SOHDVH FDOO /DXUD RQ

$ 5HOLDEOH IULHQGO\ VHUYLFH IURP D SURIHVVLRQDOO\ TXDOLÃ&#x20AC;HG DQG H[SHULHQFHG FDUHU :H DOVR FDWHU IRU SHWV ZLWK EHKDYLRXUDO LVVXHV

)5(1&+ 78,7,21 )RU EXVLQHVV 6RFLDO RU KROLGD\V +HOS ZLWK H[DPV 2QH WR RQH RU LQ D VPDOO JURXS 7HDFKLQJ RIIHUHG WR DOO OHYHOV DGXOWV DQG FKLOGUHQ %\ ([SHULHQFHG )UHQFK 1DWLRQDO 3KRQH (PDLO FODXGLDFRFNFURIW#\DKRR FRP

:H DUH RQ )DFHERRN

! "

! " "! ! " ! " !" " !

!

! ! & " ! & "" 11 "+ 11 , - & + !-%& / * * %* *

)"'1$11

% ! ! %&

0!- /!- *! # 0 / * . 0!-% * 0!- !% ), 1$11

% *& .

), $11 # % # %&!

! " " ! ! " ! ! " " " "

!

! ! & " ! & "" 11 "+ 11 , - & + !-%& / * * %* *

)"'1$11

% ! ! %&

% *& .

), $11 # % # %&!

0$1 $1' 9$1 )$67 $1' )5,(1'/< /2&$/ 6(59,&(

6DUD&OHDQ

$// 7<3(6 2) &/($5$1&(6 81'(57$.(1

+286( *$5$*( *$5'(1 58%%,6+ 5(029$/ 6&5$3 0(7$/ &2//(&7,21

+HOVE\ %DVHG &OHDQHU )HG XS RI FOHDQLQJ LURQLQJ"

5(029$/6 6(59,&( 6,1*/( ,7(06 $1< ',67$1&( 81:$17(' ,7(06 &2//(&7('

7KHQ JLYH PH D FDOO

$/62 32:(5 :$6+,1* 6(59,&( $9$,/$%/( '5,9(:$<6 *$5'(1 )851,785( HWF

5HYLYH \RXU H[WHULRU

7(/ %(1 +,567 )52'6+$0 RU 02%,/(

&2175$&7

6DUDK HPDLO VDUDKJ #KRWPDLO FRP

(/721 +(/6%<

&285,(5 6(59,&(6

&203(7,7,9( $,53257 35,&(6 ² 5,1* )25 $ 4827( 0,1,%86 6($76 1R FDOO RXW FKDUJHV 1R IDUH LQFUHDVH EHIRUH SP 0LQLPDO H[WUD FKDUJH DIWHU PLGQLJKW

/(7 86 '5,9( <28 72 '5,1. $1' +20( $*$,1

3ROODUG %XLOGLQJ &KXUFK 6W )URGVKDP :$ ':

::: <285 029( &2 8.

,GHDOO\ VXLWHG WR PRGHUQ OLYLQJ 0DSOH /RGJH ERDVWV D VSOHQGLG RSHQ SODQ NLWFKHQ FRPSOHWH ZLWK 1HII LQWHJUDWHG DSSOLDQFHV GLQLQJ DQG IDPLO\ URRP ZKLFK IRUP WKH KXE RI WKH KRXVH ,Q DGGLWLRQ WR D VHSDUDWH XWLOLW\ URRP D JHQHURXVO\ SURSRUWLRQHG OLYLQJ URRP VWXG\ DQG FORDNURRP FRPSOHWH WKH GRZQVWDLUV DFFRPPRGDWLRQ 8SVWDLUV DUH IRXU ODUJH GRXEOH EHGURRPV WZR ZLWK HQ VXLWHV DQG WKHUH LV D ODUJH IDPLO\ EDWKURRP ZLWK VHSDUDWH VKRZHU

$OYDQOH\

Â&#x2026;

0DSOH /RGJH )URGVKDP 5RDG $OYDQOH\ )URGVKDP :$ '%

0RGHUQ UHTXLUHPHQWV IRU HQWHUWDLQPHQW DQG FRQQHFWLYLW\ DUH FDWHUHG IRU DQG VHFXULW\ LV DOVR FRQVLGHUHG ZLWK DQ DODUP V\VWHP DQG H[WHULRU OLJKWLQJ

*UHHQEDQN 9LHZ $OYDQOH\ LV D VHOHFW GHYHORSPHQW RI H[HFXWLYH GHWDFKHG IDPLO\ KRPHV 0DSOH /RGJH LV WKH ODVW UHPDLQLQJ SURSHUW\ RI WKHVH VW\OLVK LQGLYLGXDO KRXVHV VHW LQ WKH KHDUW RI WKLV GHVLUDEOH UXUDO YLOODJH

$ JDUDJH SDUNLQJ VSDFHV DQG JRRG VL]H JDUGHQ FRPSOHWHV WKLV 0DSOH /RGJH RIIHUV VXSHUE IDPLO\ DFFRPPRGDWLRQ VXSHUE SURSHUW\ ZLWK KLJK TXDOLW\ GHVLJQ DQG VSHFL¿FDWLRQ ZKLFK PXVW EH YLHZHG WKURXJKRXW DV EH¿WV VXFK DVSLUDWLRQDO KRPHV

PDUNV $QGUHZ +D\HV¶V WK \HDU LQ HVWDWH DJHQF\ $QGUHZ KDV OLYHG LQ +HOVE\ DQG )URGVKDP DOO RI KLV OLIH DQG VWDUWHG KLV HVWDWH DJHQF\ FDUHHU LQ )URGVKDP EDFN LQ +H MRLQHG +DOLID[ (VWDWH $JHQWV LQ RSHQLQJ WKHLU )URGVKDP EUDQFK LQ $QGUHZ DFTXLUHG WKH IUDQFKLVH RI WKH EXVLQHVV LQ DQG UH EUDQGHG WR <RXU 0RYH $QGUHZ +D\HV LQ $OWKRXJK ORFDOO\ RZQHG DQG PDQDJHG $QGUHZ KDV WKH VXSSRUW DQG EDFNLQJ RI WKH QDWLRQDO $QGUHZ VD\V ³P\ WHDP DQG , KDYH LQ GHSWK QHWZRUN <RXU 0RYH ZKLFK LV WKH VLQJOH ODUJHVW ORFDO H[SHULHQFH DQG H[SHUWLVH DQG WKH VXSSRUW HVWDWH DJHQF\ EUDQG LQ WKH 8N RI D QDWLRQDO QHWZRUN ,Q WKH FXUUHQW PDUNHW ZH 7KH EXVLQHVV QRZ HPSOR\V VWDII EHWZHHQ DUH DEOH RIIHU RXU FXVWRPHUV WKH EHVW RI ERWK WKH WZR RI¿FHV ZKR FROOHFWLYHO\ KDYH RYHU ZRUOGV ZH FDQ XVH RXU H[SHUW ORFDO NQRZOHGJH \HDUV H[SHULHQFH 0RVW RI WKH VWDII DUH ORFDO DQG WKH QDWLRQDO H[SRVXUH RI <RXU 0RYH WR JHW VR WKHLU NQRZOHGJH RI WKH DUHD LV LQYDOXDEOH WKH EHVW UHVXOWV 7KLV LV VRPHWKLQJ RWKHU DJHQWV LQ KHOSLQJ FOLHQWV WR EX\ OHW RU VHOO D SURSHUW\ LQ WKH DUHD FDQ W PDWFK

VDOHV OHWWLQJV PRUWJDJHV

&DUHJLYHUV /RRNLQJ IRU UHZDUGLQJ SDUW WLPH ZRUN"

#% (&'#! & ' % ' %&#" '+

$UH \RX WLUHG RI KDYLQJ WR FRPSURPLVH RQ VHUYLFH TXDOLW\« MXVW WR FUDP LQ PRUH FDOOV IRU \RXU HPSOR\HU" :RXOG \RX OLNH WR ZRUN LQ DQ HQYLURQPHQW ZKHUH WHDP PHPEHUV DUH UHDOO\ YDOXHG DQG LW·V UHFRJQLVHG WKDW GHOLJKWHG FXVWRPHUV DUH WKH NH\ WR MRE VDWLVIDFWLRQ" +RPH ,QVWHDG 6HQLRU &DUH LV WKH ZRUOG V OHDGLQJ SURYLGHU RI QRQ PHGLFDO FDUH DQG FRPSDQLRQVKLS VHUYLFHV IRU ROGHU SHRSOH« DQG ZH·UH SDVVLRQDWH DERXW WKH TXDOLW\ RI WKH VHUYLFH ZH GHOLYHU 7KH H[SDQVLRQ RI RXU )URGVKDP +DOWRQ RIÃ&#x20AC;FH FRXOG EH \RXU RSSRUWXQLW\ WR VWDUW RQH RI WKH PRVW SHUVRQDOO\ UHZDUGLQJ UROHV \RX KDYH HYHU KDG 7KHVH SDUW WLPH SRVLWLRQV RIIHU Â&#x2021; &RPSHWLWLYH UDWHV RI SD\ Â&#x2021; )OH[LEOH KRXUV ZLWK VRPH HYHQLQJ DQG ZHHNHQG ZRUN

Â&#x2021; 3DLG KROLGD\ DQG PLOHDJH DOORZDQFH Â&#x2021; 2SSRUWXQLWLHV WR VWXG\ IRU D 4&) DZDUG ([SHULHQFH LV SUHIHUUHG EXW QRW HVVHQWLDO DV LQGXVWU\ OHDGLQJ WUDLQLQJ ZLOO EH SURYLGHG +RZHYHU \RX ZLOO QHHG WR KDYH \RXU RZQ WUDQVSRUW DQG VKDUH RXU FRPPLWPHQW WR GHOLYHU D TXDOLW\ VHUYLFH ZKLFK LPSURYHV WKH OLYHV RI RXU FOLHQWV 7R Ã&#x20AC;QG RXW ZKDW LW LV DOO DERXW FDOO XV RQ RU DOWHUQDWLYHO\ HPDLO \RXU &9 WR KDOWRQ UHFUXLWPHQW#KRPHLQVWHDG FR XN )RU PRUH LQIRUPDWLRQ YLVLW RXU ZHEVLWH DW ZZZ KRPHLQVWHDG FR XN KDOWRQ

,

$ # & #" &

,

%+ % &

,

%' + &

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

,, )

$ ( "!,("

(. 0 ( ! )) . , "!

) $ ! ( ,( ! ( ! ! ( ) ,2 (),

"" / ".( "! !,( , "! )$ ,

!, ""( ! , "! !, . 2 ! " ) ,, !

(

&! ( ! (

'

! ! " " ) " % % % # ) ! " % !% % & % " " % " %! ) ( " ! ! % ! % ! " " "

&! ! ! ( ! " ( % " " ( ! ! ' ) %" ! & % % " ( ! &! "%& %" ! % & % % % ( !% ( " ! ""

&! ( ! ( ! " ! ! " " ) " % % ! % !% % & % " " %

" %! ) ( " ! ! % ! % ! " " "

, ", ! !"0 "( , 1, % .! #-& $ .)

2".( ! ," *3 3**

. .. .,% +#% ((( ! ** '

&$ ' !

'-& "*& ! # $

(OL]DEHWK $UQROG E\ 'DZQ )DUUHOO

:H·UH UHDG\ IRU +05&·V FKDQJHV DUH \RX" /HW XV GR WKH KDUG ZRUN IRU \RX

&XUWDLQV EOLQGV DQG VRIW IXUQLVKLQJV PDGH IURP FXVWRPHUV RZQ IDEULF &XUWDLQ DOWHUDWLRQV EULGDO DQG FORWKLQJ DOWHUDWLRQV

3D\UROO +5 6HUYLFHV :H DUH D ORFDO EXVLQHVV KHOSLQJ RWKHU ORFDO EXVLQHVVHV FRQFHQWUDWH RQ WKHLU 5($/ EXVLQHVV 3D\UROO +5 DUH HYHU FKDQJLQJ FRPSOH[ DUHDV DV DQ HPSOR\HU LW·V KDUG WR NHHS XS

&RPSHWLWLYH DQG UHOLDEOH VHUYLFH ZLWK RYHU \HDUV H[SHULHQFH

:LWK 57, $XWR (QUROPHQW DIIHFWLQJ (9(5< (03/2<(5 LQ WKH 8. ZH PDNH VXUH ZH NQRZ DEVROXWHO\ HYHU\WKLQJ DERXW 7D[ DQG (PSOR\PHQW ,VVXHV VR \RX GRQ·W KDYH WR

%DVHG DW /DG\ +H\HV

*LYH XV D FDOO RQ 'URS XV DQ HPDLO WR HQTXLULHV#FOD\WRQSKLOLSVHUYLFHV FR XN

:VSHY 0UZLY[Z RLLW `V\ JVVS PU Z\TTLY HUK ^HYT PU ^PU[LY ^OPSZ[ YL[HPUPUN [OL IYPNO[ HPY` MLLS VM [OL JVUZLY]H[VY` ;OL` YLX\PYL UV THPU[LUHUJL VY JSLHUPUN HUK ^PSS SHZ[ HZ SVUN HZ `V\Y WVS`JHYIVUH[L YVVM .L[ [OL TVZ[ V\[ VM `V\Y JVUZLY]H[VY` I` Ã&#x201E;[[PUN :VSHY 0UZLY[Z

:VSHY 0UZLY[Z WYV]PKL HU PU[LNYHS ZVSHY ZOPLSK PU L_PZ[PUN VY UL^ WVS`JHYIVUH[L YVVÃ&#x201E;UN WYV[LJ[PUN `V\Y JVUZLY]H[VY` HNHPUZ[ Z\TTLY OLH[ I\PSK \W HUK ^PU[LY OLH[ SVZZ ^P[OV\[ ZPNUPÃ&#x201E;JHU[ SVZZ VM SPNO[

'SRWIVZEXSV] 833 ,38#

9WI LIEX VI¾IGXMRK 7SPEV -RWIVXW

:VSHY 0UZLY[Z JHU IL Ã&#x201E;[[LK [V HSS [`WLZ VM WVS`JHYIVUH[L HJY`SPJ HUK 7=* YVVÃ&#x201E;UN Z`Z[LTZ ^P[OV\[ KPZ[\YIPUN [OL MHIYPJ VM `V\Y JVUZLY]H[VY`

Â&#x2039; 2LLW JVVS PU Z\TTLY Â&#x2039; >HYTLY PU ^PU[LY Â&#x2039; .SHYL YLK\J[PVU Â&#x2039; 7YV[LJ[Z MHIYPJZ HUK M\YUPZOPUNZ MYVT MHKPUN ^P[O <= L_JS\ZPVU Â&#x2039; 5V ULLK MVY PU[LYUHS YVVM ISPUKZ Â&#x2039; 4HU\MHJ[\YLY HWWYV]LK PUZ[HSSLYZ Â&#x2039; `LHY N\HYHU[LL Â&#x2039; 7SHU[Z Ã&#x2026;V\YPZO

-VY H MYLL UV VISPNH[PVU Z\Y]L` HUK X\V[H[PVU 7SLHZL [LSLWOVUL V\Y SVJHS KPZ[YPI\[VY!

Â&#x2039; 5V K\Z[ [YHWZ UV JS\[[LY Â&#x2039; 2LLW OLH[ V\[ SL[ SPNO[ PU Â&#x2039; <ZL JVUZLY]H[VY` HSS `LHY YV\UK

)VYKLY )SPUKZ 3PTP[LK ;OL 6SK *V VWLYH[P]L )\PSKPUN /LU[OVYU 9VHK *SP[OLYVL )) 3+

),5 /09:; -YVKZOHT VY TVIPSL

PRWRULQJ

DXWR /R RWXV V (OOLVH 6

%\ 7LP %DUQHV &OD\ 0RWRULQJ :ULWHU

!"

"

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

+<34 '$& '' !++ (+9+3 ( )< 9<3 34 +9<4 " 4 3 !<' 3'@ 9+ 9" '$4 3 )! 9> &$)! ) $(-3+=$)! 9" (< " '+= )93@ ' = ' 4-+394 3 # ) )+> 9" ) > '$4 9 & 4 49 - '+4 3 9+ (+9+3$)! . "@0 '' $924 = 3@ 4$(-' $9 3 -' 4 9" ' 44 9" ) )=$3+)( )9 ''@ 3$ ) '@ ' $9 = 3@ /<$ & '$4 >$9" ) > ,. 4<- 3 " 3! )!$) - ' + '$= 3$)! ;,6 "- ) +)4 /< )9'@ = ) (+3 4"+= . $9" 9" ) > -+> 3-' )9 ) ) $(-3+= 9"3+99' 3 4-+)4 9" '$4 !$= 4 ) = ) (+3 49$(<' 9$)! ) $)9+?$ 9$)! 3$=$)! ?- 3$ ) . 9 9"3<494 @+< 3+( 49 ) $)!

49 39 9+ 7; (-" $) .7 4 +) 4 ) 9" ) ' +)'@ 49+-4 >" ) $9 ! 94 9+ 9" 4- +( 9 324 , (-" ( 3& 3. 9 $)! )$+<4'@ 9" )!$) 3 4<'94 $) '+> 3 < ' +)4<(-9$+) )+> ) = 3 ! + :6. (-! # ) ' 44 ; ($44$+)4 9" ) 9" +' '$4 .

= ) 9"+<!" 9" '$4 " 4 3 ' 9$= '@ <)4+-"$49$ 9 $) $9 + 4 " = 4<--+39$= 4 <'-9 4-+394 4 94 ) <) 9$+) ' 4@ 9+ +- 3 9 +)93+'4. " "$!"'$!"94 3 49 ) 3 '$!"9> $!"9 '<($)$<( - 44 )! 3 ++93 49 ' & ' 9" 3 ! 3 ' = 3 ! $9 3 -+'$4" '<($)$<( ! 3 &)+ ) " ) 3 & 4' = ) ) )!$) 49 39 -<4" <99+). " 4"$39# <99+) 4$A ' 9" 3# ' 49 3$)! >" ' $4 '$!"9 9+ !3 4- ) $9 $)49$'4 +) ) >$9" 3 A+3# 4" 3- $3 9$+)# ) $)! -3 $4$+). ) 9 $ @+< 9"$)& @+<3 3 49 34 > '' @+< ) 9+ 93@ ) '$4 <4 9" ' = ' + ' <3 @ ) > $!"9$)! $4 ( 9 "' 44. " +9<4 " )!4 +) 9+ 9" ) 4 +39' 44'@ ) )+9 ( )@ 34 ) 4<--'@ 9" +<9 + 9" +3 $) 3@ ' ) 9" 9 +9<4 > = 4 $)9+ 9" '$4 24 . " 24 )!$) $4 9" - 3 9 +(-'$ 9+ 9" 9 $) +3) 49 $'$9@ # ) 9" 3 & 4 3 4 (+( )9<( 4 /<$ &'@ 4 4- $4 "$ = $) 9" 349 -' . )'@ 9" 4'$!"9'@ 49< +3) 49$ ! 3 4"$ 9 9$+) $4 --+$)94.

3@ > 34 $) 9"$4 4 9+3 >$'' ( 9 " 9" 9"3$'' @+< ! 9 3+( 3$=$)! +3 = ) $)! - 44 )! 3 $) 9" ) > '$4 . ) + =$+<4 +(- 9$9+3 # 9" - ) 4 ( A # $4 ($' 4 " - 3 ) (+3 3 ) <9 $9 " 4 )+9"$)! +) 9" - 3 +3( ) ) $( ! + 9" +9<4

1 1 1 1 1 1 1 1

.

%# $

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

!# ( 0 %$ (%

Â&#x2014; Â&#x2014; Â&#x2014; Â&#x2014;

6XQVKLQH )LWQHVV 3UHVHQWV * ) %%

$

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

"(

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

& $ #(

%

' ! !

) % + , *# , + , # , '!-- &!-- % &

% ! &

&20( &211(&7 ( NYLH[ VWWVY[\UP[` [V TLL[ HUK I\PSK YLSH[PVUZOPWZ ^P[O V[OLY SVJHS I\ZPULZZLZ :H DUH H[SHFWLQJ DWWHQGHHV ² VR GRQ W PLVV RXW Â&#x2030; PUJS\KPUN H OV[ TLHS Â&#x2039; WT MVY WT Z[HY[ (TVYL PU -YVKZOHT

7+856'$< 67 )(%58$5<

1(: 1(7:25.,1*

(9(17 -VY HU` M\Y[OLY PUMV JVU[HJ[ 1VK` VU VY MRG\#WKHORFDOPDJV FR XN

%" "' #

6= 16% 6 2 ? * (,1 *2. 6%,* 26%*" ? 1%, % 4 ; *26 (( 6%,*2 4 <6 *2%,*2 ? ;%1 2 %"#6%*" ( 1) 2%"* *26 (( 6%,* ? 91%6= ,*29) 1 *%6 ."1 2 ? % %1 ( " * == %"# "#6% 6%*"" =26 )2 6 ? ( 1) ) 1" ?

& % "' #

2 6= 16% 6 2 ? * (,1 , 2 *61 ( 6%*" =26 )2 ? 1:% %*" . . %1 %*6 * * ? 1 ' ,;* ? *61 ( 6%*" 2%"* *26 (( 6%,*2 ."1 2 ? (92#%*" 1 6) *6 1:% ? *: *6 ,6 6 1 =26 )2 ?

% # #% % !

? 9(( 1,& 6 * " ) *6 ? %6 # *2 6, 9%6 : 1== 9 "" 6 ? ..(% * 9..(= *26 (( 6%,* ? ,1'6,.2 22,1% 2 ? ?

% "!! # #% % !

2% 2%"* "* 1: 1:% %

? 9(( 1,& 6 * " ) *6 ?

6#1, 1,,) ,)22 6, 9 9%6 %6 : : 1 1= = 9 9 " " 6 6 ? 6# 911,9* 2 #%1(.,,( 6#2 ? #,; 12 * 1 ,,1 6%*" ? 9%( %*" (6 1 6%,*2 ((2 (,,12 ?

1 * ( 2 # 26 1 , 966,* : 1 # 2#%1 3 7 6 >-+8 3-- !!! 4 3-- -!! >-+8 3>- >>> 8!# >3 > +7> +7 ) %( *09%1% 2 ' $(6 / ,/9' ;;;/' $(6 / ,/9'

KU 6HUYLFH

'66 FODLPDQWV ZHOFRPH DQG DGYLVHG &DUH DQG FRQVLGHUDWLRQ IURP D IDPLO\ UXQ EXVLQHVV )UHH DGYLFH 6DPSOH SULFH OLVW EDVLF

:RRG YHQHHUHG W\SH FRIÀQ EURQ]H EDU KDQGOHV HQJUDYHG QDPH SODWH ,QWHULRU SDGGHG DQG OLQHG FRWWRQ VLGH VKHHWV ZLWK PDWFKLQJ GUHVVLQJ JRZQ 7UDQVSRUWDWLRQ IURP &RXQWHVV RI &KHVWHU RU :DUULQJWRQ *HQHUDO 0DQDJHU KHDUVH DQG VWDII RQ GD\ RI WKH IXQHUDO $OO DUUDQJHPHQWV

'LVEXUVHPHQWV SDLG RQ FOLHQW¶V EHKDOI 'RFWRU·V FHUWLÀFDWH LI UHTXLUHG

0LQLVWHU·V IHH LI UHTXLUHG

&UHPDWRULXP IHH %ODFRQ IRU H[DPSOH

7RWDO

3HUFLYDO 6WUHHW :DUULQJWRQ &KHVKLUH :$ -(

1DWLRQZLGH 0HPRULDOV )XOO PHPRULDO VKRZURRP 6SHFLDO 2IIHU *UDQLWH 0HPRULDOV +LJK TXDOLW\ %ODFN *UDQLWH ODZQ PHPRULDOV DUH · µ KLJK RYHUDOO ZLWK D EDVH · µ ZLGH

,QFOXGLQJ IUHH JROG OHDI OHWWHUV QRW FKHDS SDLQW 9$7 À[LQJ LQ WKH FHPHWHU\ ZLWK D 1$00 DSSURYHG JURXQG $QFKRU 6\VWHP DQG D ÁRZHU FRQWDLQHU

&KHVWHU 5RDG +HOVE\ &KHVKLUH :$ $'

ZZZ PHDUVDQGMDFNVRQ FR XN

5HVFXH 0\ )HQFH %DVHG ,Q +HOVE\ 5RWWHQ SRVWV SDQHOV UHSODFHG &ROODSVHG IHQFLQJ UH HUHFWHG 3RVW UH DOLJQPHQW RU UHSODFHPHQW 3DQHOV WUHDWHG DQG VWDLQHG &RPSOHWH IHQFLQJ LQVWDOODWLRQV

)HE FRXUVH VWDUWV 0DUFK FRXUVH VWDUWV

)HQFH 'HFN :H LQVWDOO ZRRG DQG FRQFUHWH IHQFLQJ SURGXFWV WR WKH KLJKHVW VWDQGDUG IURP D VLQJOH SDQHO WR FRPSOHWH JDUGHQ RU FRXUW\DUG HQFORVXUHV 7R DUUDQJH D IUHH YLVLW TXRWDWLRQ FDOO

RU 'HDQ RQ 6WHYH RQ

:DONV LQ +HOVE\ )URGVKDP 'HODPHUH $VKWRQ +D\HV 5XQFRUQ DQG 0RRUH &DOO IRU PRUH GHWDLOV RQ HPDLO NHUOH\#EDQNKRXVHIDUP IVZRUOG FR XN (PDLO ZZZ NHUOH\VQRUGLFZDONLQJ FR XN NHUOH\#EDQNKRXVHIDUP IVZRUOG FR XN

" " "

1 &$ # " $ &

$" 8 & "5 $" 8 - , / % " 9'%3 .33 % % 666*6 1 " &$ "5 $" 8* &#

$ 71 1 &$ , 18 5 $1 6 "" 1 ! (" &$ $ - 8 '21 , $ (4 5 - 1 &4, 6 - 1 &, - $ 4( &, &4, # " $ 6-" 11 , &, #&, 1 "-

" " % " " % $ " " " $ # & # " # # # " & # % " " Â&#x2039; ! # " $ & & % % & " % " # Â&#x2039; # !# % "# % #" % " &

Â&#x2039; $ % %! ! & # " " # # & ! &

1 &$

1 &$

1 &$

$" 8 & "5 $" 8 - , / % * " 9'%3 .33 % %

$" 8 & "5 $" 8 - , / % * " 9'%3 .33 % %

$" 8 & "5 $" 8 - , / % * " 9'%3 .33 % %

1 ,1 , 6 1 # $

&11" & &4- $

$ &8

3 )

, 5 " 4$1 " 1 , 39'2* 7 "4 - " $1 $ +- 8* $$&1 4- $ &$ 4$ 1 &$ 6 1 $8 &1 , & ,*

&4,- (4, -

8&4, 1&1 " && ""

6 $ 3 ( &(" (4, - # $ &4,- # "

, 5 " 4$1 " 1 , 39'2* 7 "4 - " $1 $ +- 8* , 5 " 4$1 " 1 , 39'2* 7 "4 - " $1 $ +- 8* $8 &1 , & ,*

$$&1 4- $

&$ 4$ 1 &$ 6 1 $8 &1 , & ,* $$&1 4- $ &$ 4$ 1 &$ 6 1

0,1, 029(56 $ EUDQG QHZ GDQFH FODVV IRU 0XPV DQG WRWV WR HQMR\ WRJHWKHU &RPH DQG H[SORUH WKH ZRUOG RI GDQFH WKURXJK PXVLF LPDJLQDWLRQ DQG ORWV RI IXQ 7KXUV PRUQLQJV DP Â&#x2026; SHU FODVV 5HIUHVKPHQWV DYDLODEOH DIWHU FODVV 3OHDVH FDOO .DWH RQ IRU PRUH LQIR

)RUPHU 'XQKDP +LOO 3ULPDU\ 6FKRRO 9LOODJH 5RDG 'XQKDP RQ WKH +LOO )URGVKDP :$ /;

7HQQLV WKHPHG H[HUFLVHV IRU \HDU ROGV WR KHOS GHYHORS DJLOLW\ EDODQFH DQG FR RUGLQDWLRQ $OO FRDFKHV DUH TXDOL¿HG LQVXUHG &5% FOHDUHG $VN DERXW RXU )5(( WDVWHU VHVVLRQ

&DOO 6WHYH *DUEXWW HPDLO VWHYH#RSWLPDWHQQLV FR XN 9LVLW ZZZ RSWLPDWHQQLV FR XN

! " ! # # %

! # ' ($ ' ( )

)

! *

% !!!& & & % + & & % -23-2 .1013/

)HEUXDU\ )LWQHVV LQ +HOVE\

1HZ %RRWFDPS GDWHV 0RQGD\ )HEUXDU\ WK )ULGD\ 0DUFK WK 67,// ,1'2256 WR DSSHDO WR WKRVH ZKR DUH DIUDLG RI EHLQJ UDLQHG VQRZHG RQ

1R H[FXVHV 0 : ) DP +HOVE\ &RPPXQLW\ &HQWUH 3ODFHV PXVW EH ERRNHG

=XPED

0RQGD\V # SP +HOVE\ &RPPXQLW\ &HQWUH

SOHDVH YLVLW WKH ZHEVLWH WR ERRN RQOLQH # ZZZ WDNH Ã&#x20AC;WQHVV FR XN RU FRQWDFW PH RQ

(QG RI \HDU WLG\ XSV 3ODQ \RXU SDWLR QRZ UHDG\ IRU 6SULQJ *DUGHQ 0DLQWHQDQFH /DQGVFDSLQJ 6HUYLFHV +HGJH &XWWLQJ 7UHH 3UXQLQJ 6WXPS *ULQGLQJ *URXQGZRUN 6RDNDZD\V 7XUI /D\LQJ 6HHGLQJ 3DWLRV 'ULYHV :DOOLQJ -&% 0LQL 'LJJHU $YDLODEOH 3URIHVVLRQDO +RUWLFXOWXULVW ZLWK RYHU \UV H[SHULHQFH

0LNH 6WDUNH\

%HHUV RI GLVWLQFWLRQ KRQHVW DQG WUXH

$ZDUG ZLQQLQJ EHHUV %HHU LQ ERWWOHV IODJRQ¶V DQG PLQL FDVNV 3HUVRQDOLVHG ERWWOHV %UHZHU\ WRXUV 7 VKLUWV DQG JODVVHV 6WLOODJH KLUH IRU SDUWLHV HWF

)URGVKDP %UHZHU\ /DG\ +H\HV &UDIW &HQWUH .LQJVOH\ 5RDG )52'6+$0 :$ 68 7HO 6KRS LV RSHQ HYHU\GD\ QRRQ SP HQTXLUH#IURGVKDPEUHZHU\ FR XN

2)) 'XULQJ )HEUXDU\

2Q SURGXFWLRQ RI WKLV YRXFKHU

DP SP

% %! **% "# % ( 7"#!"2 69= - :< *( ! 7 *( 1 . **% "# % ( 1 27 ,*17#*(2 6 -*(&< =, ". += "# % ( && 72 *1 6+= % # +%! 7"#!"' 7 -2%#(& 22 *( & 22. 6 0 = +%! "# % ( ;#(!2 0 0 0 0 00 690 = "# % ( & !2 0 006 04= -*(&< 3, ".

" " +%! 77 1 "# % ( (:!! 72 0 0 680 = +%! !*:$*(2 0 6 0 +%! ,& #( 1 !*:$*(2 6 0 = +%! 77 1 "# % ( ":(%2 0 6 0 +9 1#2,< "# % ( :1! 12 6809=

2XU IDFWRU\ IDUP VKRS VHOOV FRRNHG DQG UDZ FKLFNHQ WR WKH SXEOLF DW ZKROHVDOH SULFHV

! " ! - ! ) '" ' + " ! "

" ' ' " ! )! ' "' !"

12: 23(1 681'$<¶6 DP SP

. ( # ( # " !! "' !" )

" , " ! $

!! "' !"*"

'' %%+++ % !! "' !""

;OV\ZHUKZ V [ VM ZHTWSLZ JOVVZL MYVT

. . . . . .

(#/+.; 470 $75+0'55 '56#$.+5*'& +0 EMKKT 74 4'276#6+10 +5 $7+.6 10 51.+& 4'%1//'0&#6+105T ' %#4' #$176 174 %7561/'45T

74 5'48+%'5 +0%.7&'U *115' u *1/' 5'48+%' :2'46 (+66+0) n #%%'5514+'5

4'' &'.+8'4;

4'' /'#574'5 n 2.#00+0)

7#.+6; 241&7%65 1/2'6+6+8' 24+%'5 1 24'5574' 5#.'5 .. .'#&+0) /#-'5 5722.+'&

740+674'f 2.+(6 1.& %#42'65f 1145f '/18#. 1( 47$$+5* 1 241$.'/ g +5+6 174 9'$5+6' 999T-+0)5.';%#42'65T%1/ +%614+# #..X .7+0 #0'X 41&5*#/X J K

NEMFL KLLLEK

1(: <($5 1(: <28 (VWDEOLVKHG

%HDXWLIXOO\ &UDIWHG 0HPRULDOV LQ *UDQLWH 0DUEOH 6WRQH $GGLWLRQDO ,QVFULSWLRQV &OHDQLQJ 5HQRYDWLRQV 3KRQH IRU IUHH %URFKXUHV DQG HVWLPDWHV 7HO +RPH $GGUHVV 6SULQJERXUQH )URGVKDP %XVLQHVV $GGUHVV 0RWWUDP 5RDG +\GH 6. 11 7HO 0RELOH 9LVLW RXU RQOLQH EURFKXUH ZZZ EDLQHVPHPRULDOV FR XN 0HPEHU RI WKH 1DWLRQDO (PDLO $VVRFLDWLRQ RI 0HPRULDO 0DVRQV %UDPP 5HJLVWHUHG LQIR#EDLQHVPHPRULDOV FR XN

EĞĞĚ ďƵŝůĚŝŶŐ ŚĞƐŚŝƌĞ WůĂŶŶŝŶŐ ^ŽůƵƚŝŽŶƐ ƉůĂŶƐ͍ WůĂŶŶŝŶŐ Θ ƌĐŚŝƚĞĐƚƵƌĂů ^ĞƌǀŝĐĞƐ ,ŝŐŚ ƋƵĂůŝƚLJ ƉůĂŶƐ͕ ƉůĂŶŶŝŶŐ Θ ďƵŝůĚŝŶŐ ƌĞŐƵůĂƚŝŽŶ ĂƉƉůŝĐĂƚŝŽŶƐ

dŽƚĂů ƐĞƌǀŝĐĞ ĨƌŽŵ ƐƵƌǀĞLJ ƚŽ ƐƵďŵŝƐƐŝŽŶ ĨŽƌ͗ džƚĞŶƐŝŽŶƐ

WůĂŶŶŝŶŐ ƉĞƌŵŝƐƐŝŽŶ

EĞǁ ďƵŝůĚ

Ğƌƚ͛ ŽĨ ůĂǁĨƵůŶĞƐƐ

ŽŶǀĞƌƐŝŽŶƐ

&ŽŽƚƉĂƚŚ ĚŝǀĞƌƐŝŽŶƐ

ŚĂŶŐĞ ŽĨ ƵƐĞ

>ŝƐƚĞĚ ďƵŝůĚŝŶŐ ĐŽŶƐĞŶƚ

>ŽĨƚ ĐŽŶǀĞƌƐŝŽŶƐ

ƵŝůĚŝŶŐ ĐŽŶƚƌŽů

zŽƵƌ ƉƌŽũĞĐƚ ƉƌŽŐƌĞƐƐĞĚ ƉƌŽŵƉƚůLJ

9 KŶĞ ƉŽŝŶƚ ŽĨ ĐŽŶƚĂĐƚ 9 /ŶĨŽƌŵĂƚŝŽŶ ŽŶ ĐŽƐƚƐ ƵƉ ĨƌŽŶƚ

Ăůů ĨŽƌ &Z ͕ ŶŽ ŽďůŝŐĂƚŝŽŶ ĂĚǀŝĐĞ ͗ũŽΛĐŚĞƐŚŝƌĞƉůĂŶŶŝŶŐƐŽůƵƚŝŽŶƐ͘ĐŽ͘ƵŬ ǁ ǁ ǁ͘ Đ Ś Ğ Ɛ Ś ŝ ƌ Ğ Ɖ ů Ă Ŷ Ŷ ŝ Ŷ Ő Ɛ Ž ů Ƶ ƚ ŝ Ž Ŷ Ɛ ͘ Đ Ž ͘ Ƶ Ŭ

6SHFLDO 1HZ <HDU +\SQR %DQG 2IIHU

2QO\ IRU WKH IXOO FRXUVH RI WUHDWPHQWV XVXDOO\

$YDLODEOH WKURXJKRXW )HEUXDU\ )RU D IUHH FRQVXOWDWLRQ &DOO

7KH *DVWULF %DQG

9LUWXDO $ ! ! "

LV !

LQ \RXU DUHD ' # ! ! $<HDU RIIHU & # $ ! % 1HZ 21/<

!

$ ! % $ ! $ ) $ $

XVXDOO\

-034+ $ # -/44%% *! ! $ #

LI$ ! ! " KDYH

:KDW \RX FRXOG DOO WKH ! ' # !

EHQH¿WV RI D 6XUJLFDO *DVWULF ! $ & # $ ! % %DQG WKH VXUJHU\ DQG $ ! ZLWKRXW $ ) $ $ $ :HOO # QRZ \RX FDQ # FRVW" $ ! # " $ ! ! $ " %\ XVLQJ WKH +\SQR %DQG % ! # K\SQRWKHUDS\ V\VWHP ZH ! (

$ ) $ D VWDWH

$ !

FUHDWH RI !

PLQG ZKHUH # ( ! $ \RX ZLOO EHOLHYH \RX DFWXDOO\ .34024.31.1 ! ( KDYH D *DVWULF %DQG ¿WWHG $ ! $ $ $ ###( $ ( (! <RX ZLOO HDW VPDOOHU SRUWLRQV DQG IHHO $ # IXOO 7KH +\SQR %DQG # V\VWHP LV D ORQJ WHUP VROXWLRQ $ ! # " $ ! ! $ " WR \RXU ZHLJKW SUREOHPV

% ! #

&RQWDFW XV WRGD\ RQ ! ( $ ) IRU IXOO GHWDLOV

$ ! $ !

& )URGVKDP %XVLQHVV &HQWUH # ( %ULGJH /DQH ! $ )URGVKDP .34024.31.1 ! ( :$ )=

ZZZ K\SQREDQGFKHVKLUH FR XN

48$/,7< $7 $))25'$%/( 35,&(6 2YHU \HDUV H[SHULHQFH 4XDOLILHG WUDGHVPHQ QR SXVK\ VDOHV PHQ :LQGRZV FDWHJRU\ $ UDWHG ILWWHG VWDQGDUG 5HJOD]LQJ IRJJHG XS XQLWV 5HPRWH FRQWURO JDUDJH UROOHU VKXWWHU GRRUV 'RRUV &RQVHUYDWRULHV 6RIILWV )DVFLD &RPSOHWH *DUDJH &RQYHUVLRQV 5HQRYDWLRQV 3ODVWHULQJ %ULFNZRUN

&RQVHUYDWRU\

$ 5DWHG :LQGRZV NHHS KHDW LQVLGH 7KH KLJK VSHFLILFDWLRQ RI DOO DUH SURGXFWV NHHS \RX VR PXFK ZDUPHU DQG WKH H[FHOOHQW ORFNLQJ V\VWHP PDNHV \RXU KRPH PRUH VHFXUH TXLHW DQG WURXEOH IUHH 7KH\ UHTXLUH YHU\ OLWWOH PDLQWHQDQFH EHQHILW IURP D \HDU JXDUDQWHH

:LQGRZV

3RUFKHV

(OHFWULF JDUDJH

UROOHU VKXWWHU &DQRS\

&RQWDFW XV 72'$< IRU D )5(( QR REOLJDWLRQ TXRWDWLRQ RQ

(VWDEOLVKHG VLQFH

- 6$:<(5 6WDWLRQ $YHQXH +HOVE\ )52'6+$0 &KHVKLUH :$ $*

7HO 522) &219(56,216 522),1* 5(3$,56 67250 '$0$*( 1(: 522)6 6/$7(6 7,/(6 )/$7 522)6 86,1* +,*+ 48$/,7< )(/7 32,17,1* $1' /2:(5,1* &+,01(< 67$&.6 1(: 9$//(<6 $1' /($' :25.

1(: 839& 3/$67,& )$6&,$6 3/$67,& &/$'',1* 1(: *877(5,1* 32:(5 :$6+ &/($1,1* 287 *877(56 32:(5 :$6+ 0266 5(029$/

! !

7HO

%DUNHUV 0RWRUV /WG

&KHVWHU 5RDG +HOVE\ :$ '$

, Zd Z KhEd Ed^ )5(( 12 2%/,*$7,21 &2168/7$7,21 )RU DOO \RXU DFFRXQWDQF\ QHHGV $*3 SURYLGH D IXOO UDQJH RI VHUYLFHV IRU DOO EXVLQHVV W\SHV DQG VL]HV 2XU VHUYLFHV LQFOXGH

ŽŶƚĂĐƚ ƵƐ Ăƚ ^LJĐĂŵŽƌĞ ,ŽƵƐĞ ^ƵƚƚŽŶ YƵĂLJƐ ƵƐŝŶĞƐƐ WĂƌŬ ^ƵƚƚŽŶ tĞĂǀĞƌ ZƵŶĐŽƌŶ ŚĞƐŚŝƌĞ t ϳ ϯ ,

$FFRXQWV %RRNNHHSLQJ 5HJLVWHUHG DXGLWRU 9$7 UHWXUQV 3D\UROO $GYLVLQJ IDPLO\ FRPSDQLHV 7D[ UHWXUQV UHSD\PHQW FODLPV 7D[ SODQQLQJ DQG DGYLFH 7D[ HQTXLULHV

dĞů͗ ϬϭϵϮϴ ϳϬϳϯϳϬ ǁǁǁ͘ĂŐƉͲĂĐĐŽƵŶƚĂŶƚƐ͘ĐŽ͘ƵŬ ĞŵĂŝů͗ ĞŶƋƵŝƌŝĞƐΛĂŐƉͲĂĐĐŽƵŶƚĂŶƚƐ͘ĐŽ͘ƵŬ 2IILFHV DOVR DW :DUULQJWRQ DQG &KHVWHU

$OO DVSHFWV RI MRLQHU\ )LWWHG .LWFKHQV %HGURRPV :LQGRZV 'RRUV )HQFLQJ 'HFNLQJ HWF

7HO )D[ 0RE

7UHDW WKH RQH \RX /RYH WKLV 9DOHQWLQH¶V DW

+$/(6 2) )52'6+$0 Æ&#x2020;

5HG 5RVHV DUUDQJHG WR \RXU RZQ VSHFL¿FDWLRQ a IURP D VLQJOH UHG URVH WR D GR]HQ RU PRUH

Æ&#x2020; 6SHFLDO SULFH IRU 5HG 5RVHV LQ D EHDXWLIXOO\ SUHVHQWHG GLVSOD\ $OO JUDGH RQH ORQJ VWHP UHG URVHV XVHG

Æ&#x2020;

*RRG VHOHFWLRQ RI PL[HG %RXTXHWV DQG KDQGWLHV DOVR DYDLODEOH

)UHH /RFDO 'HOLYHU\ RQ 9DOHQWLQH¶V 'D\

7HO

TW^QVO PMIZ\ Q[ \PM JMOQVVQVO WN ITT SVW_TMLOM <PWUI[ +IZTaTM â&#x2122;¥ â&#x2122;¥ )

WK )HEUXDU\ LV RI FRXUVH 6W 9DOHQWLQHV 'D\

+LJK 6W )URGVKDP 7HO

2SHQLQJ 7LPHV DP SP DP SP DP SP DP SP

021 7+856 78(6 :(' )5, 6$7

+DSS\ 9DOHQWLQH·V 'D\ 9RXFKHU â&#x2122;¥ â&#x2122;¥ 0RQGD\ 7KXUVGD\ &XW %ORZ 'U\ Â&#x2026;

â&#x2122;¥

$Q\RQH FDQ FDWFK \RXU H\H EXW LW WDNHV VRPHRQH VSHFLDO WR FDWFK \RXU KHDUW

,Q WKLV SDJH 9DOHQWLQH IHDWXUH \RX·OO Ã&#x20AC;QG ORWV RI LGHDV WR :2: \RXU /RYHG 2QH DQG D IHZ URPDQWLF TXRWHV WR KHOS \RX RQ \RXU ZD\

â&#x2122;¥

/RYH LV D JDPH WKDW WZR FDQ SOD\ DQG ERWK ZLQ

WKURXJKRXW )HEUXDU\ â&#x2122;¥

â&#x2122;¥

ZLWK WKLV YRXFKHU

µ-XVW $GG /RYH¶ &ROOHFWLRQ

3HUIHFW IRU 9DOHQWLQH¶V 'D\ 1RW MXVW D -HZHOOHU\ 6KRS :DWFK -HZHOOHU\ UHSDLU VHUYLFH 0DLQ 6WUHHW )URGVKDP

â&#x2122;¥

?PMZM \PMZM Q[ TW^M \PMZM Q[ TQNM 5IPI\UI /IVLPQ

â&#x2122;¥

7R 6HQG /RYH .LVVHV 7UXVW %ORRPVEXU\·V

3OHDVH PHQWLRQ +HOVE\ WR +DQG ZKHQ UHVSRQGLQJ WR DGYHUWV

&KHVWHU 5RDG +HOVE\ 23(1 021 6$7 ZLWK ODWH QLJKWV :HG 7KXUV )UL µWLO SP

&U\VWDO &OHDU %HDXW\ )ODVK )LOH 3ROLVK *HOHUDWLRQ 0DQLFXUH Â&#x2026; (\HEURZ 6KDSH (\HODVK 7LQW *LIW 9RXFKHUV DYDLODEOH Â&#x2026; 7UHDWPHQWV

6SUD\ 7DQ )LOH 3ROLVK ¿QJHUV RU WRHV 25 *HO ¿QJHUV RU WRHV Â&#x2026; $GG D ELNLQL H\HEURZ ZD[ IRU DQ H[WUD Â&#x2026; :H FDQ QRW ZD[ VSUD\ RQ VDPH GD\

:D[LQJ a 6SUD\ 7DQQLQJ a *HO 1DLOV 1DLO ([WHQVLRQV a

(\HODVK ([WHQVLRQV

a 1RQ 6XUJLFDO )DFH /LIWV a 0DNH XS a %RG\ 7UHDWPHQWV

0LFURGHUPDEUDVLRQ a (\H 7UHDWPHQWV a 7KUHDGLQJ a )DFLDOV a 3HGLFXUHV a %RG\ :UDSV

7HO ZZZ VHUHQLW\IRUEHDXW\ FRP

â&#x2122;¥

.WZ Q\ _I[ VW\ QV\W Ua MIZ aW] _PQ[XMZML J]\ QV\W Ua PMIZ\

dĞů͗ dĞů͗ ϬϭϵϮϴ ϬϭϵϮϴ ϳϯϯϯϲϭ ϳϯϯϯϲϭ

dǁŝƩĞƌ͗ dǁŝƩĞƌ͗ ΛŚĞůƚĞƌĨƌŽĚƐŚĂŵ ΛŚĞůƚĞƌĨƌŽĚƐŚĂŵ

^ĞƌǀŝŶŐ ^ĞƌǀŝŶŐ dŝŵĞƐ dŝŵĞƐ

2IIHUV

DŽŶĚĂLJ DŽŶĚĂLJ ϲƉŵ ϲƉŵ ƚŽ ƚŽ ϴ͗ϯϬƉŵ ϴ͗ϯϬƉŵ dƵĞƐĚĂLJ dƵĞƐĚĂLJ ƚŽ ƚŽ ^ĂƚƵƌĚĂLJ ^ĂƚƵƌĚĂLJ ϭϮŶŽŽŶ ϭϮŶŽŽŶ ƵŶƟů ƵŶƟů ϭ͗ϰϱƉŵ ϭ͗ϰϱƉŵ dƵĞƐĚĂLJ dƵĞƐĚĂLJ ƚŽ ƚŽ dŚƵƌƐĚĂLJ dŚƵƌƐĚĂLJ ϲƉŵ ϲƉŵ ƵŶƟů ƵŶƟů ϵƉŵ ϵƉŵ &ƌŝĚĂLJ &ƌŝĚĂLJ Θ Θ ^ĂƚƵƌĚĂLJ ^ĂƚƵƌĚĂLJ ϲƉŵ ϲƉŵ ƵŶƟů ƵŶƟů ϵƉŵ ϵƉŵ ^ƵŶĚĂLJ ^ƵŶĚĂLJ ϭϮŶŽŽŶ ϭϮŶŽŽŶ ƵŶƟů ƵŶƟů ϳƉŵ ϳƉŵ

7XHVGD\ 7XHVGD\ WRWR 6DWXUGD\ 6DWXUGD\ /XQFK /XQFK ϮϮ ĨŽƌ ĨŽƌ ϭϭ ŽŶ ŽŶ ƐƚĂƌƚĞƌƐ͕ ƐƚĂƌƚĞƌƐ͕ ŵĂŝŶ ŵĂŝŶ ĐŽƵƌƐĞ ĐŽƵƌƐĞ ĂŶĚ ĂŶĚ ĚĞƐƐĞƌƚ ĚĞƐƐĞƌƚ ;DŝŶŝŵƵŵ ;DŝŶŝŵƵŵŽĨ ŽĨŵĂŝŶ ŵĂŝŶ ĐŽƵƌƐĞ ĐŽƵƌƐĞ ŵƵƐƚ ŵƵƐƚďĞ ďĞ ƉƵƌĐŚĂƐĞĚ ƉƵƌĐŚĂƐĞĚƉĞƌ ƉĞƌ ƉĞƌƐŽŶͿ ƉĞƌƐŽŶͿ

7XHVGD\ 7XHVGD\ WRWR 6DWXUGD\ 6DWXUGD\ SP SP XQWLO XQWLO SP SP ϭϱй ϭϱй Žī Žī ;DŝŶŝŵƵŵ ;DŝŶŝŵƵŵŽĨ ŽĨƚǁŽ ƚǁŽĐŽƵƌƐĞƐ ĐŽƵƌƐĞƐ ƉĞƌ ƉĞƌ ƉĞƌƐŽŶ ƉĞƌƐŽŶĂŶĚ ĂŶĚ ŵĂdžŝŵƵŵ ŵĂdžŝŵƵŵƐƚĂLJ ƐƚĂLJ ŝƐŝƐ ϭ͘ϱ ϭ͘ϱ ŚŽƵƌƐͿ ŚŽƵƌƐͿ

7KXUVGD\ 7KXUVGD\ (YHQLQJ (YHQLQJ IURP IURP SP SP ƉƉĞƟƐĞƌ͕ ƉƉĞƟƐĞƌ͕ ^ƚĞĂŬ ^ƚĞĂŬ ĂŶĚ ĂŶĚ ŐůĂƐƐ ŐůĂƐƐ ŽĨ ŽĨ ǁŝŶĞ ǁŝŶĞ άϭϱ͘ϵϱ άϭϱ͘ϵϱ ;&ŝůůĞƚ ;&ŝůůĞƚ^ƚĞĂŬ ^ƚĞĂŬ ŶŽƚ ŶŽƚ ŝŶĐůƵĚĞĚ ŝŶĐůƵĚĞĚŝŶ ŝŶƚŚŝƐ ƚŚŝƐŽīĞƌͿ ŽīĞƌͿ

6XQGD\ 6XQGD\ 6HUYLFH 6HUYLFH ϮϮ ŽƵƌƐĞƐ ŽƵƌƐĞƐ άϭϭ͘ϵϱ άϭϭ͘ϵϱ Žƌ Žƌ ϯϯ ŽƵƌƐĞƐ ŽƵƌƐĞƐ άϭϰ͘ϵϱ άϭϰ͘ϵϱ ;&ŝůůĞƚ ;&ŝůůĞƚ^ƚĞĂŬ ^ƚĞĂŬ ŶŽƚ ŶŽƚ ŝŶĐůƵĚĞĚ ŝŶĐůƵĚĞĚŝŶ ŝŶƚŚŝƐ ƚŚŝƐŽīĞƌͿ ŽīĞƌͿ

%PO¿U %PO¿U GPSHFU GPSHFU PVS PVS 3FBM 3FBM "MF "MF CBS CBS TFSWFT TFSWFT HSFBU HSFBU GPPE GPPE BOE BOE GBOUBTUJD GBOUBTUJD SFBM SFBM BMF BMF TFWFO TFWFO EBZT EBZT BB XFFL XFFL

KƵƌ KƵƌ ĚŽǁŶƐƚĂŝƌƐ ĚŽǁŶƐƚĂŝƌƐ ďĂƌ ďĂƌ ŝƐŝƐ ĚŽŐ ĚŽŐ ĨƌŝĞŶĚůLJ͕ ĨƌŝĞŶĚůLJ͕ ƐŽ ƐŽ ŝĨŝĨ LJŽƵƌ LJŽƵƌ ŽƵƚ ŽƵƚ ĨŽƌ ĨŽƌ ĂĂ ƐƚƌŽůů ƐƚƌŽůů ƚŚĞŶ ƚŚĞŶ ǁŚLJ ǁŚLJ ŶŽƚ ŶŽƚ ƉŽƉ ƉŽƉ ŝŶ͕ ŝŶ͕ ĞǀĞŶ ĞǀĞŶ ũƵƐƚ ũƵƐƚ ĨŽƌ ĨŽƌ ĂĂ ĐŽīĞĞ͊ ĐŽīĞĞ͊

1\ _I[ VW\ Ua TQX[ aW] SQ[[ML J]\

Ua [W]T 2]La /IZTIVL

♥

µ&KDUP¶ WKH RQH \RX ORYH WKLV 9DOHQWLQHV 'D\ #

7L $PR -(:(//(5<

7KH %LJ

(YHQW 6DWXUGD\ QG 0DUFK &RPH DQG YLVLW )URGVKDP ZKHUH \RX ZLOO ILQG HYHU\WKLQJ \RX QHHG WR SODQ D ZRQGHUIXO ZHGGLQJ -HZHOOHU\ FDNHV SKRWRJUDSK\ GUHVVHV SHUVRQDO WUDLQLQJ KDLU EHDXW\ YHQXHV DQG KRQH\PRRQV ² ZH KDYH LW DOO

$ JUHDW RSSRUWXQLW\ WR VHH VRPH RI RXU ILQHVW ORFDO KRPH EDVHG EXVLQHVVHV (DFK EULGH ZLOO EH SUHVHQWHG ZLWK D JRRG\ EDJ FRQWDLQLQJ GHWDLOV RI WKH VSHFLDO RIIHUV DQG D PDS VKRZLQJ WKH ORFDWLRQV RI WKH SDUWLFLSDWLQJ EXVLQHVVHV

ZZZ WKHELJZHGGLQJHYHQW FR XN Â&#x2021; ZZZ IURGVKDPIRXQGDWLRQ QHW

â&#x2122;¥

WV\W QV

JM[\ \PQVO <PM \W PWTL TQNM Q[ MIKP W\PMZ )]LZMa 0MXJ]ZV â&#x2122;¥

:\^k ?ehkblm &+(6+,5( É&#x201E;É&#x2018;ČšČ?É&#x2018;Ⱦɴ PČŁČ? ČľÉ&#x201E;ÉŹČ?É&#x2018; LČŁÉ&#x201E;É&#x2030; É&#x2018;É&#x201E;Č&#x2021;É&#x2022;ȣǸȚ

O`]f ogj\k Yj] fgl ]fgm_`$ ljmkl 9[]j >dgjakl&&&&

%HVW 6HOOHU Â&#x2026;

â&#x2122;Ľ Kh][aYd G^^]j gf Ydd Dg[Yd <]dan]ja]k&

J][]an] qgmj >J== ?A>L &&&

L]\\q$ :Yddggf gj ;`g[k

?bg] nl3 hg ma^ :./ g^Zk mh M^l\h A^el[r <Zee nl3 )*2+1 0++0.0 <eb\d nl3 ppp'Z\^kĂ&#x153;hkblm\a^labk^'\h'nd

Oblbm nl3 **/ <a^lm^k KhZ]% A^el[r% P:/ )JM

Eh\Ze% GZmbhgZe Zg] Bgm^kgZmbhgZe =^ebo^kr Zg] `b_m ohn\a^kl ZoZbeZ[e^

7KH 2DNODQGV +RWHO

â&#x2019;&#x2022; â&#x2019;&#x2022;â&#x2019;&#x2022;

7KH 2DNODQGV +RWHO ZLWK LW¶V EHDXWLIXO 5HVWDXUDQW DQG :LOORZ 6XLWH )XQFWLRQ URRP LV D SHUIHFW YHQXH IRU DQ\ SULYDWH IXQFWLRQ a &KULVWHQLQJV %LUWKGD\ 3DUWLHV :HGGLQJV $QQLYHUVDULHV DQG SURYLGHV D WUDQTXLO VHWWLQJ IRU IXQHUDO JDWKHULQJV â&#x2022;&#x2DC; 2QH RI &KHVKLUH¶V PRVW $ %ULGHV GUHDP EHFRPHV UHDOLW\ DW SRSXODU :HGGLQJ 7KH 2DNODQGV +RWHO GHVWLQDWLRQV VHW LQ DFUHV RI ODQGVFDSHG JDUGHQV ZLWK OXVFLRXV JUHHQ ODZQV â&#x2022;&#x2DC; &DWHULQJ IRU SDUWLHV RI XS WR IRU IRUPDO GLQLQJ DQG IRU D EXIIHW )RU VPDOOHU JDWKHULQJV ZH KDYH VPDOOHU URRPV DYDLODEOH IRU IRUPDO GLQLQJ IRU SHRSOH XSZDUGV RU \RX FDQ HQMR\ D 9,3 DUHD LQ WKH EDU DQG ORXQJH ZLWK IRRG â&#x2019;&#x2022; VWDUWLQJ IURP Â&#x2026; Â&#x2026; SS KHDG

â&#x2022;&#x2DC;

â&#x2019;&#x2022;â&#x2019;&#x2022; â&#x2019;&#x2022;

â&#x2019;&#x2022;

6XQGD\ &DUYHU\ MRLQ XV IRU RXU IDEXORXV 6XQGD\ &DUYHU\ QRRQ SP 2QO\ Â&#x2026; PDLQ VWDUWHUV DQG GHVVHUWV Â&#x2026; /LYH %DQGV (YHU\ )ULGD\ 1LJKW DW 7KH 2DNODQGV 5HOD[ LQ RXU VXPSWXRXV OHDWKHU FRXFKHV DQG HQMR\ D YDULHW\ RI SRSXODU EDQGV ZLWK RXU PRUH PDWXUH VRSKLVWLFDWHG FOLHQWHOH $ FRPSOLPHQWDU\ EXIIHW LV VHUYHG EHWZHHQ DQG SP SULRU WR WKH EDQG )UHH 9,3 DUHDV FDQ EH UHVHUYHG IRU JURXSV

ZZZ RDNODQGVKRWHO QHW RU 5,1* 0LOOLQJWRQ /DQH *RUVWDJH 1RUWKZLFK &KHVKLUH &: 68

â&#x2122;¥

[]V[PQVM

) Ã&#x2020;W_MZ KIVVW\ JTW[[WU _Q\PW]\

&KXUFK 6W )URGVKDP

IVL

UIV KIVVW\ TQ^M _Q\PW]\ TW^M 5I`

5]TTMZ

â&#x2122;¥

'5,1.6 2))(56 LQ $PRUp (YHU\ QLJKW LQ $PRUp EHIRUH SP \RX FDQ HQMR\ RII +RXVH ZLQH EHHU DQG VSLULWV LQFO $EVROXW 9RGND +DYDQQD &OXE 5XP %HHIHDWHU *LQ

0RQGD\ /LYH %DQG 1LJKW IRU RQ GULQNV EHWZHHQ DQG SP WKHQ DV DERYH RII GULQNV SP 6DWXUGD\ /LYH %DQG 1LJKW DV DERYH RII GULQNV XQWLO SP 0DFV LV 7+( SODFH IRU NLGV 'LVFR¶V 6DIH VHFXUH HQYLURQPHQW IRU FKLOGUHQ RI DOO DJHV )RRG DQG GULQN SDFNDJHV DYDLODEOH 7KXUVGD\ 1LJKW &RFNWDLOV $ PDVWHU FODVV LQ 0L[RORJ\

IRU &RFNWDLOV SP 0LGQLJKW -RLQ µ%DU *URRYHV¶ ZLWK '- 7HUU\ 3DQNKXUVW RQ D )ULGD\ RU 6DWXUGD\ 1LJKW LQ 0DFV %X\ D GULQN LQ $PRUp EHWZHHQ SP JHW D IUHH WLFNHW LQWR 0DFV &KHFN RXU )DFHERRN SDJH IRU RXU GULQN SURPRWLRQV

9DOHQWLQH¶V 'D\ 5RPDQWLF &RXUVH 'LQQHU Â&#x2026; 0HQX DYDLODEOH # ZZZ DPRUHEDU ZHEV FRP DP EDU IRU RQ FRFNWDLOV

)(% QG 63,1 # 0DFV 0RMLWRV 1LJKWFOXE FDQ EH KLUHG H[FOXVLYHO\ $Q\ 1LJKW RI WKH :HHN 3HUIHFW IRU VW¶V WK¶V HWF :HGGLQJV 6FKRRO 'LVFR¶V &RUSRUDWH DQG )XQGUDLVLQJ (YHQWV (QMR\ D JUHDW DWPRVSKHUH ZLWK D /LYH %DQG RU '- WR PDNH \RXU SDUW\ D QLJKW WR UHPHPEHU )RRG DQG GULQN SDFNDJHV FDQ EH WDLORUHG WR \RXU FKRLFH DQG EXGJHW /HDYH WKH FOHDULQJ XS WR XV

)URP µKLS KRS KDSSHQLQJ¶ WR FKDUPLQJ DQG VRSKLVWLFDWHG ZH KDYH LW DOO

%DU ,WDOLDQ 5HVWDXUDQW ([FOXVLYH +LUH $YDLODEOH LQ $PRUH RU 0DFV IRU 3ULYDWH )XQFWLRQV /XQFKWLPH 6SHFLDO $Q\ SL]]D RU DQ\ SDVWD GLVK LV RQO\ Â&#x2026; $Q\ 3DQLQL DQG FRIIHH WHD RU VRIW GULQN Â&#x2026; $Q\ WHD RU FRIIHH FDNH Â&#x2026; /LYH %DQGV HYHU\ 0RQ 6DW QLJKWV LQ )HE QG ZD\ 7UDI¿F WK .HOO\¶V +HURHV WK -XQFWLRQ WK 5RFFR WK 5HFROOHFWLRQV WK 5LYHUPDQ 'XR UG 7KH 3UHIHFWV WK 7R EH FRQ¿UPHG

3ULYDWH KLUH LV DYDLODEOH LQ RXU EHDXWLIXO UHVWDXUDQW XSVWDLUV WKH UHDU ORXQJH GRZQVWDLUV DQG 0DFV QH[W GRRU :HGGLQJV &KULVWHQLQJV %LUWKGD\ &HOHEUDWLRQV DQG $QQLYHUVDULHV ZKDWHYHU WKH RFFDVLRQ FHOHEUDWH ZLWK XV )RU D VRSKLVWLFDWHG JDWKHULQJ RXU EHDXWLIXO UHVWDXUDQW FDQ EH KLUHG H[FOXVLYHO\ IRU SULYDWH SDUWLHV GD\V QLJKWV D ZHHN /LYH PXVLF YRFDOLVW FDQ EH DUUDQJHG (9(5< 681'$< QRRQ SP 8SVWDLUV 5HVWDXUDQW 6HW 0HQX ZLWK FKRLFHV FRXUVHV Â&#x2026; FRXUVHV Â&#x2026;

)XQHUDO *DWKHULQJV 'D\WLPH SULYDWH KLUH IRU )XQHUDOV FDQ EH DUUDQJHG XSVWDLUV RU GRZQVWDLUV %XIIHW RSWLRQV DYDLODEOH IRU KRW DQG FROG IRRG WDLORUHG WR \RXU UHTXLUHPHQWV :H DUH KDSS\ WR KHOS SOHDVH FDOO WR GLVFXVV WKH YDULRXV RSWLRQV

)ROORZ XV RQ )DFHERRN (PDLO UHVWDXUDQWDPRUH#KRWPDLO FRP ZZZ DPRUHEDU ZHEV FRP

+LJK 6WUHHW )URGVKDP

67(9(1 %,6+23 7LPH 6HUYHG

3$,17(5

'(&25$725 ,17(51$/ (;7(51$/

7(/ 02%

+LJK 6WUHHW )URGVKDP &KHVKLUH :$ $+

7HOHSKRQH

F R )RUHVW +LOOV +RWHO 2YHUWRQ +LOO )URGVKDP &KHVKLUH :$ ++

DOO PDQXIDFWXUHUV PRGHOV TXRWHG IRU

$SSURYHG )HURGR %UDNH 6SHFLDOLVW 027 3UHSDUDWLRQ %DWWHULHV ([KDXVWV VXSSOLHG ILWWHG (OHFWURQLF /DVHU :KHHO $OLJQPHQW $LUFRQ 6HUYLFH 5HSDLU 'LDJQRVWLFV

9HKLFOHV FROOHFWHG DQG GHOLYHUHG 2U ´5XQ <RX +RPHµ VHUYLFH ZZZ DXWRVDIH RUJ

1RZ LV WKH WLPH WR JLYH \RXU URRI D KHDOWK FKHFN 3UHYHQWLRQ LV IDU EHWWHU WKDQ D FXUH DQG D ORW FKHDSHU

2XU )5(( ,QVSHFWLRQ FRYHUV Æ&#x201D; 7LOLQJ 6ODWLQJ 5LGJH 7LOHV Æ&#x201D; /RRVH RU 0LVVLQJ 7LOHV Æ&#x201D; 0RUWDU 3RLQWLQJ Æ&#x201D; /HDGLQJ )ODVKLQJ Æ&#x201D; *XWWHULQJ Æ&#x201D; &KLPQH\V Æ&#x201D; )ODW RU 3LWFK 5RRIV Æ&#x201D; 1HZ 5RRIV Æ&#x201D; 5HSDLUV Æ&#x201D; )ODW 5RRIV Æ&#x201D; 7LOLQJ Æ&#x201D; 6ODWLQJ Æ&#x201D; &KLPQH\ 5HEXLOGV Æ&#x201D; 5HSRLQWLQJ /HDG ZRUN

7HO RU &DPEULGJH *DUGHQV +HOVE\ )URGVKDP :$ /: &KHFN RXW RXU ZHEVLWH IRU FXVWRPHU WHVWLPRQLDOV

ZZZ DOOPLJKW\URRILQJ FR XN

" # ! % # ! " !% $ ! # ( ! .*3 !

% ) ! "! ! " ! " % & & " ( * % ! ' -23-0 ./1 003

v ([SHULHQFHG 7HDP RI 3OXPEHUV

&HQWUDO +HDWLQJ 6HUYLFHV

' ! + %! # ( (" $$$( %! # ( ("

v )XOO &HQWUDO +HDWLQJ 6\VWHPV v 5HSODFHPHQW 6HUYLFLQJ %RLOHUV v &RQGHQVLQJ %RLOHU &RPEL 6ZRSV

*DV 6HUYLFHV v v v v v v

/3* *DV ,QVWDOODWLRQV &RRNHUV +REV )LWWHG $SSOLDQFHV 6HUYLFHG *DV )LUHV )LWWHG 6HUYLFHG 6XSSO\ 2QO\ RU 6XSSO\ ,QVWDOO ',< 5HTXLUHPHQWV

&RPSOHWH %DWKURRPV %DWKURRP 6XLWHV VXSSO\ RQO\ 2U VXSSOLHG DQG ILWWHG LQFOXGLQJ (OHFWULFV 3ODVWHULQJ 7LOLQJ :H¶OO WDNH FDUH RI HYHU\WKLQJ

3 7 522),1* /2&$/ 522)(5 :,7+ <($56 (;3(5,(1&(

1(: 522)6 $1' 5(3$,56 )/$7 522)6 ,1685$1&( :25. &+,01(< 67$&.6 5(%8,/7 25 5(3$,5(' )$6&,$·6 62)),76 $1' *877(56 5(3/$&(' $// $7 &203(7,7,9( 5$7(6

)RU DOO \RXU SOXPELQJ UHTXLUHPHQWV FDOO

&URZQ %XLOGLQJV /DWKDP $YHQXH +HOVE\

)25 $ )5(( (67,0$7( &$// 3$8/ 21

EXVLQHVV ¿QDQFH

OHJDO

($*/( 1HZ JRYHUQPHQW HQHUJ\ SURSRVDOV ± ZKDW GRHV LW PHDQ WR \RX" %\ 'HDQ 'XQKDP RI \RX DQG \RXU ULJKWV

!

! ! ! 0 , + ,$ 0 5 4 ! ! + 7 + 0 3 " "4 + 7 " $ 0 0 + , 5 ",0 "!,3 +, , $ 7 "3 !"0 3 7 3! +,0 ! ! 0" !,3 0 0" ! 3+7 0 ! + 7 " $ ! , 4 !!"3! 3 $+" 0, 7 + "! 7 +' + + 0 , 7 + 0 3++ !0 "4 +! !0 !!"3!

0 0 0 5 , " ! 0" 0 0 $+" ! 0 0 0 , 5"3 + ,3 0 ! "5 + ! + 7 , "+ 4 +7"! ' + $+"$", , 4 !"5 ! $3 , 30 5 0 7 5"+ ('''

9 3$$ +, 5 0 0" "3+ 0 + , $ + 3 "3+ "+ , ! "3+ "+ 0+ 07' 9 "3+ 0 + , 5 ! 3 "! ,0 ! + 4 + + 0 0 + ! "! 6 + 0 0 + ' ! + 7 $+"4 +, + + 0" " + !70 ! 0 7 ! + 0 "! 0" 0 + ! ! 05" 0 + , 0 0 0 7 3,0 $+"4 ' "+ 6 $ ," $+"4 +, 7 0" ! 3 + ! 0 + "+ $ + "! ! ' " 7 4 ! "!0 !3 5 0 "!" 7 . %5 , 5 + 7"3 + + $ + 0 " ,3$$ 7 ! 0 4 ! ! 30 + 0 ! 3,3 + 0 ! 0 7&' 9 0 + 5 6 3 " "3+ 0 + , ,3$$ +, ! " + + !0 4 + !0, " 0 , $ ! ! "! "5 $ "$ $ 7' " 0 7 "3 ! 3 , "3!0, "+ + 0 0 "+ $+ 3 "+ $+ $ 7 !0' 9 ! + 7 $+"4 +, 5 ) 4 0"* 0 0 + 3,0" +, 0 7 ! " + 0 00 + 0 !

0 7 + 3++ !0 7 "!' 0 , !"0 7 0 ! !!"3!

"5 0 , 5 5"+ '

4 +7"! ! , 0" !"5 0 0 0 , , 3++ !0 7 "! 7 )$+"$", * ! 0 + "+ 0 0 0 ! + 7 $+"4 +, " !"0 4 0" " "5 0 "4 +3 , 7 0' ! 0 0 "4 +! !0 4 , 0 0 0 ! 5 +3 , 5 !"0 " ! 3!0 28# !

0 5 , +0 ! 7 0 " 0 "4 +! !0 5 !

0 7 $30 0 , $+"$", , 0" 0 +' "5 4 + 0 + 07 , 0 0 !"0 4 +7"! 5 , 4 ' + + 5 + ,"!, 5 7 #' ,, $ "$ 5 ,5 0 !7 " 3, 5 0 + "+

4 0 0 5 4 0 ,0 + 7 , $ + 0 "4 +! !0, $+"$", ,2' ! + 7 $+"4 +, + 7 0" 0 + ,0 )5"+,F* 0 ! 0 , 0 0 5 3++ !0 7 , "!

0 + 0 , 0 7 5 !"5 0 0 0 7 5 7, 4 0" $30 0 + 3,0" +, "! 0 , 1' ,0 + 3 ! 0 "3!0 " 0 + , , "" ,0 $ 0"5 + , ! 0 + 0 ,, " $ 0 "+ "!,3 +, ,, 0 + , !, ,, , 4 ' !

+ , + 7 , "! $0 "! 0 0 3, 0 $+"$", , , 7 0 0 0 ! + 7 $+"4 +, 5 "+ 0" 5 7, 4 7"3 )0 +* ,0 0 0 !*, 0 ! " ,5 0 ! ' , , 0 , ' , $ +0 , + 7 $"+0 !0- 0 $+"$", , "+ 0 ! + 7 $+"4 +, 0" 0 0 + 3,0" +, 0 + ,0 ' 0 U " , !"0 " , "+ 0 0" 0 0 + 3,0" +, 5 0 0 ,0 "! 0 + 0 ,' 0 0 , ! 0 , 0 , + 7 $"+0 !0 0 0 "!,3 +, 3, " $ + ,"! 5 , 0 +" 0 0" 0 0" 5 0 0 ,0 , "+ 0 ! !"0 0" , $ 7 + 7 "! 5 0 0 + 3++ !0 $+"4 + , 7,'

,0+ 0 "+5 + !,5 + 0" 0 , , ' 3! !0 ,,3 0 0 0 , $+"$", , 0" + ,, , 0 + 0 "!, $ 05 ! 5 0 0 ! + 7 $+"4 +, + 3, "+ "3+ , ! 0+ 07 !

5 0 0 5 " , $+ , + % ' ' 0 ",0 0" 0 $+"4 +,&' ! 0 , + ,$ 0 0 "4 +! !0 ! , 0" $30 ! 5 + 3 0 "!, ! $ 5 $+"4 "!,3 +, 5 0 0 , + 0 0" 4 0 + ! + 7 , + 3 ! ! 5 0 + 3 0 "!, ! 0 5 " , ",0, " ! + 7' !

!

0 0 " !0 !"0 ! ! ,' "5 4 + 7"3 , "3 5 7, , + ! 0 + 0 0" ,3+ 0 0 7"3 + "! 0 ",0 $$+"$+ 0 ! $ ,0 , ! 0+ 07 0 + ! + 0 "! 0" 7"3+ ! 4 3 + 3 ,0 ! ,'

! !

! !

$33/(*$7( &2 $&&2817$176 /7'

$UH \RX D EXVLQHVV ORRNLQJ IRU VRPH JUHDW DGYLFH"

7KHQ $SSOHJDWH &R $FFRXQWDQWV /WG FDQ KHOS 2XU ZLGH UDQJH RI VHUYLFHV LQFOXGH /LPLWHG &RPSDQ\ $FFRXQWV 7D[ 5HWXUQ %RRNNHHSLQJ &DSLWDO *DLQV 7D[ &RUSRUDWLRQ 7D[ 0DQDJHPHQW $FFRXQWLQJ 3D\UROO 9$7 ³,W¶V HDV\ WR JHW EHKLQG ZLWK WKH DFFRXQWV ZKHQ \RX UXQ \RXU RZQ EXVLQHVV $SSOHJDWH &R SUHSDUH P\ PRQWKO\ DFFRXQWV DFW DV FUHGLW FRQWURO FKDVH P\ GHEWV DQG ORRN DIWHU P\ 9$7 UHWXUQV DQG WKH\ DOZD\V GR LW ZLWK D VPLOH ´ +HOVE\ WR +DQG

)RU D QR REOLJDWLRQ FRQVXOWDWLRQ FDOO XV WRGD\ RQ )5(( FRQVXOWDWLRQ IRU QHZ EXVLQHVV

9LVLW XV RQOLQH DW ZZZ DSSOHJDWHDFFRXQWDQWV FR XN LQIR#DSSOHJDWHDFFRXQWDQWV FR XN

9LVLW RXU ZHEVLWH ZZZ VZSHOHFWULFV FR XN

(PDLO VZSHOHFWULFV#EWLQWHUQHW FRP

%$ 6KNKPI

$ VSHFLDOLVW LQ 1DWXUDO 6WRQH 3RUFHODLQ DQG &HUDPLF 7LOLQJ DORQJ ZLWK :RRGHQ (QJLQHHUHG DQG /DPLQDWH )ORRULQJ ³:LWK \HDUV H[SHULHQFH DV D WLOHU LQ &KHVKLUH , DP EDVHG LQ P\ KRPH WRZQ RI )URGVKDP

, WDNH D JUHDW GHDO RI SULGH LQ P\ ZRUN DQG ZLOO XQGHUWDNH MREV QR PDWWHU KRZ ODUJH RU VPDOO , ZRUN ZLWK DOO DVSHFWV RI QDWXUDO VWRQH SRUFHODLQ DQG FHUDPLF WLOLQJ DQG , DP IXOO\ H[SHULHQFHG LQ OD\LQJ ZRRGHQ HQJLQHHUHG DQG ODPLQDWH Ã&#x20AC;RRULQJ , DP DEOH WR RIIHU D IXOO UH JURXW DQG FOHDQLQJ VHUYLFH IRU \RXU WLOLQJ HQVXULQJ \RXU %DWKURRP RU .LWFKHQ VWD\V ORRNLQJ IUHVK \HDU DIWHU \HDU ´

#NN 0CVWTCN 5VQPG 2QTEGNCKP %GTCOKE 9CNN (NQQT 6KNGU 6TCXGTVKPG /CTDNG 5NCVG .KOGUVQPG 2GTEGNCKP %GTCOKE 4G ITQWV CPF %NGCPKPI 5GTXKEG #XCKNCDNG

9QQFGP 'HHGEV (NQQTKPI 4WUVKE 1CM $CODQQ 2CTSWGV 'PIKPGGTGF (NQQTU .COKPCVG

%QORNGVG DCVJTQQOU KPUVCNNGF

$OO ZRUN IXOO\ LQVXUHG 1R MRE WR VPDOO &DOO &KULV IRU D IDVW DQG IULHQGO\ TXRWH 7HOHSKRQH 0RELOH :HE ZZZ FEXUJHVVWLOLQJ FR XN (PDLO LQIR#FEXUJHVVWLOLQJ FR XN

1257+:(67 6.,3 $1' 3/$17 +,5( /7' 581&251 %$6('

&+($3 6.,36 $// 6&5$3 &$56 $1' 6&5$3 0(7$/ &2//(&7(' )5(( 7HO 0RE (PDLO LQIR#QRUWKZHVWVNLSV FR XN ZZZ QRUWKZHVWVNLSV FR XN

Â&#x2021; Â&#x2021; Â&#x2021; Â&#x2021; Â&#x2021;

&HQWUDO +HDWLQJ &RPEL %RLOHU 6ZDSV 8QYHQWHG &\OLQGHUV $OO RWKHU *DV ZRUN )XOO %DWKURRP 6XLWHV

)ULHQGO\ 5HOLDEOH 6HUYLFH

&DOO 0DUF 1XWWDOO QRZ IRU D )5(( TXRWH RQ 7HO RU 0RE ZZZ JDVPDUF FR XN

'2 <28 +$9( $ 3523(57< 72 /(7" $5( <28 /RRNLQJ IRU WHQDQWV" /RRNLQJ WR VDYH RQ DJHQF\ IHHV"

'2 <28 :DQW WR EH LQ FRQWURO RI YLHZLQJV" :DQW D Ã&#x20AC;H[LEOH SDFNDJH WKDW UHDOO\ VXLWV \RXU QHHGV" :DQW IXOO H[SRVXUH RQ 5LJKWPRYH"

:H FDQ RIIHU DOO RI WKLV IRU D RQH RII IHH RI Â&#x2026; )XOO\ PDQDJHG SDFNDJHV DYDLODEOH

:LWK RYHU \HDUV ORFDO H[SHULHQFH

9LVLW RXU ZHEVLWH

EL]]LEHHOHWWLQJV FRP RU FDOO

$OO DVSHFWV RI EXLOGLQJ ZRUN XQGHUWDNHQ 1HZ EXLOG DQG H[WHQVLRQV

:LQGRZV DQG GRRUV &RQVHUYDWRULHV DQG 2UDQJHULHV .LWFKHQV DQG EDWKURRPV

'HFNLQJ DQG IHQFLQJ ĂŶŬ ,ŽƵƐĞ >ĂŶĞ͕ ,ĞůƐďLJ t ϲ ϬW^ Ăůů ^Ăŵ͗ ϬϭϵϮϴϳϮϮϱϵϴ ϬϳϳϯϬϭϯϱϴϴϰ ŝŶĨŽΛŵĂĚũĂŬũŽŝŶĞƌLJ͘ĐŽ͘ƵŬ ǁǁǁ͘ŵĂĚũĂŬũŽŝŶĞƌLJ͘ĐŽ͘ƵŬ

&ŝƚ ƚŚĞ ǁŽƌĚƐ ŝŶƚŽ ƚŚĞ ŚŽŶĞLJĐŽŵď͘ ĂĐŚ ǁŽƌĚ ďĞŐŝŶƐ ǁŝƚŚ ƚŚĞ ůĞƩĞƌ ƐŚŽǁŶ ĂŶĚ ŵƵƐƚ ƐƵƌƌŽƵŶĚ ƚŚĂƚ ůĞƩĞƌ͘ tŽƌĚƐ ĐĂŶ ďĞ ĞŝƚŚĞƌ ĐůŽĐŬǁŝƐĞ Žƌ ĂŶƟͲĐůŽĐŬǁŝƐĞ͘

*DWHV 5DLOLQJV %DOOXVWUDGHV 6HFXULW\ *ULOOHV

6$/( 12:

21

&$// -,0

*(00(// )25 12 2%/,*$7,21 4827(

MLP#JDUGHQDQGWUHH FR XN

ZZZ JDUGHQDQGWUHH FR XN

*DUGHQ 'HVLJQ &RQVWUXFWLRQ

&5($7,9( '(6,*1 Â&#x2021; *$5'(1 &216758&7,21

1DWXUDO VWRQH SDWLRV Â&#x2021; &REEOHVWRQH HGJLQJ DQG SDWKV +DUGZRRG VRIWZRRG FRPSRVLWH GHFNV 5DLVHG SODQWHUV Â&#x2021; 3ODQWLQJ DQG ODZQ OD\LQJ 3URSULHWRU 'XQFDQ *RXJK +LJKHU 'LSORPD LQ *DUGHQ 'HVLJQ

%ULGJHZDWHU *UDQJH 3UHVWRQ %URRN &KHVKLUH ZZZ ZRZJDUGHQGHVLJQ FR XN

KŶ LJŽƵƌ ƉůŽƚ Ͳ EŽǁ ŝƐ ƚŚĞ ƟŵĞ ƚŽ ŐŽ ƵŶĚĞƌĐŽǀĞƌ dŚĞ ĚĂLJƐ ĂƌĞ ŐĞƫŶŐ Ă ůŝƩůĞ ůŽŶŐĞƌ͕ ŐƌĞĞŶ ƐŚŽŽƚƐ ĂƌĞ ƐƚĂƌƟŶŐ ƚŽ ĂƉƉĞĂƌ ĂŶĚ ǁĞ͛ƌĞ Ăůů ũƵƐƚ ŝƚĐŚŝŶŐ ƚŽ ŐĞƚ ŽƵƚ ŝŶ ƚŚĞ ŐĂƌĚĞŶ ŶŽǁ͘ :ƵƐƚ ŽŶĞ ƉƌŽďůĞŵ Ͳ ŝƚ͛Ɛ ƐƟůů ůŝŬĞůLJ ƚŽ ďĞ ďůŽŽŵŝŶŐ ĐŽůĚ͊

/ƚ͛Ɛ ƐƟůů ƉƌĞƩLJ ĐŚŝůůLJ ĚƵƌŝŶŐ &ĞďƌƵĂƌLJ ďƵƚ ƉůĂŶƟŶŐ ƐĞĞĚůŝŶŐƐ ƵŶĚĞƌ ŐůĂƐƐ ;Žƌ ƉůĂƐƟĐͿ ĐĂŶ ŐŝǀĞ LJŽƵ Ă ŐƌĞĂƚ ƐƚĂƌƚ ĨŽƌ ƚŚĞ ƐĞĂƐŽŶ ĂŚĞĂĚ͘ ďŝƚ ŽĨ ƟŵĞ ĂŶĚ ŵŽŶĞLJ ŝŶǀĞƐƚĞĚ ŶŽǁ ŝŶ Ă ƉŽůLJƚƵŶŶĞů Žƌ ŐƌĞĞŶŚŽƵƐĞ ǁŝůů ŐŝǀĞ LJŽƵ ďĞŶĞĮƚƐ ĨŽƌ LJĞĂƌƐ ƚŽ ĐŽŵĞ͘ ĂŶ͛ƚ ǁĂŝƚ ĨŽƌ ^ƉƌŝŶŐ ƚŽ ĐŽŵĞ͍ dŚĞƌĞ͛Ɛ ƉůĞŶƚLJ ŽĨ ǀĞŐĞƚĂďůĞƐ ƚŚĂƚ ĐĂŶ ďĞ ƐƚĂƌƚĞĚ Žī ŝŶĚŽŽƌƐ ŶŽǁ͘

džƚƌĞŵĞƐ ŝŶ ǁĞĂƚŚĞƌ ĂƌĞ ƚLJƉŝĐĂů ĨŽƌ ƚŚŝƐ ŵŽŶƚŚ ƐŽ ĞǀĞŶ ŝĨ ǁĞ ĚŽ ŚĂǀĞ Ă ǁĂƌŵĞƌ ƐƉĞůů / ǁŽƵůĚŶ͛ƚ ďĞ ŝŶ ƚŽŽ ŵƵĐŚ ŽĨ Ă ŚƵƌƌLJ ƚŽ ƐƚĂƌƚ ƐŽǁŝŶŐ ƐĞĞĚƐ ŽƵƚĚŽŽƌƐ͘ /ƚ͛Ɛ Ăƚ ƚŚŝƐ ƟŵĞ ŽĨ LJĞĂƌ ƚŚĂƚ ŚĂǀŝŶŐ ƐŽŵĞ ƵŶĚĞƌĐŽǀĞƌ ŐƌŽǁŝŶŐ ƐƉĂĐĞ ŝƐ Ă ƌĞĂů Ŷ Ͳ ŶŽƚ ůĞĂƐƚ ďĞĐĂƵƐĞ ŝƚ͛Ɛ ƐŽ ŵƵĐŚ ŵŽƌĞ ŽĨ Ă ƉůĞĂƐƵƌĞ ǁŽƌŬŝŶŐ ŝŶ Ă ƉƌŽƚĞĐƚĞĚ ĞŶǀŝƌŽŶŵĞŶƚ͕ ďĂƐŬŝŶŐ ŝŶ ƚŚĞ ŐůŽƌLJ ŽĨ ƚŚŽƐĞ ĨĞǁ ƌĂLJƐ ŽĨ ƐƵŶ͕ ƚŚĂŶ ŝƚ ŝƐ ĨĞĞůŝŶŐ Ă ŐĂůĞ ĨŽƌĐĞ ǁŝŶĚ ƚŚĂƚ ƐĞĞŵƐ ĂƐ ŝƚ ŝĨ͛Ɛ ĐŽŵĞ ƐƚƌĂŝŐŚƚ ĨƌŽŵ ƚŚĞ ĂƌĐƟĐ͊ /Ĩ LJŽƵ ĚŽŶ͛ƚ ŚĂǀĞ Ă ŐƌĞĞŶŚŽƵƐĞ͕ ƉŽůLJƚƵŶŶĞů Žƌ ĐŽůĚ ĨƌĂŵĞ ƚŚĞŶ ǁŚLJ ŶŽƚ ƚŚŝŶŬ ĂďŽƵƚ ŝŶǀĞƐƟŶŐ ŝŶ ŽŶĞ ŶŽǁ͍ 'Ğƚ ŝƚ ďƵŝůƚ ŝŶ &ĞďƌƵĂƌLJ ĂŶĚ LJŽƵ ĐĂŶ ŐĞƚ Ă ŚĞĂĚ ƐƚĂƌƚ ŽŶ ŵĂŶLJ ƉůĂŶƚƐ ĨŽƌ ƚŚĞ ƐĞĂƐŽŶ ƚŽ ĐŽŵĞ͘

ŝƚ͘ &ŽůůŽǁ ƚŚĞ ŝŶƐƚƌƵĐƟŽŶƐ ĐĂƌĞĨƵůůLJ͕ ĚŽŶ͛ƚ ƌƵƐŚ ŝƚ ĂŶĚ LJŽƵ͛ůů ŶĞĞĚ Ăƚ ůĞĂƐƚ Ϯ ŽĨ LJŽƵ ǁŚĞŶ ŝƚ ĐŽŵĞƐ ƚŽ ƉƵƫŶŐ ƚŚĞ ƉůĂƐƟĐ ŽŶ͘ tŝƚŚ ďŽƚŚ ŐƌĞĞŶŚŽƵƐĞƐ ĂŶĚ ƉŽůLJƚƵŶŶĞůƐ LJŽƵ ŶĞĞĚ ƚŽ ƌĞŵĞŵďĞƌ ƚŚĂƚ ƚŚĞLJ ĐĂŶ ďĞĐŽŵĞ ǀĞƌLJ ŚŽƚ ŝŶ ƚŚĞ ƐƵŵŵĞƌ ĂŶĚ ĞŶƐƵƌĞ ƚŚĂƚ ĂĚĞƋƵĂƚĞ ǀĞŶƟůĂƟŽŶ ŝƐ ĂǀĂŝůĂďůĞ͘ ^Ž͕ ŶŽǁ ƚŚĂƚ LJŽƵ ŚĂǀĞ ƚŚŝƐ ŐƌĞĂƚ ŶĞǁ ƐƉĂĐĞ ǁŚĂƚ ĐĂŶ LJŽƵ ƉůĂŶƚ ŝŶ ŝƚ͍ ĂƌůLJ ƚŽŵĂƚŽĞƐ ĐĂŶ ďĞ ƐƚĂƌƚĞĚ Žī ŝŶ ƉŽƚƐ ĂŶĚ ŝĨ LJŽƵ ƉůĂŶƚ ƐŽŵĞ ƐƵŵŵĞƌ ĐĂďďĂŐĞƐ ŶŽǁ LJŽƵ ĐĂŶ ŐĞƚ ƚŚĞŵ ĞƐƚĂďůŝƐŚĞĚ ĂŶĚ ďĞŶĞĮƚ ĨƌŽŵ Ă ĐƌŽƉ ďLJ ůĂƚĞ ƐƉƌŝŶŐ Žƌ ĞĂƌůLJ ƐƵŵŵĞƌ͘ ƵĐƵŵďĞƌƐ͕ ďĞĞƚƌŽŽƚ͕ ůĞĞŬƐ ĂŶĚ ůĞƩƵĐĞƐ ĐĂŶ ĂůƐŽ ďĞ ƐŽǁŶ ŝŶĚŽŽƌƐ ĂŶĚ ŝĨ LJŽƵ ǁĂŶƚ ƚŽ ƚƌLJ ƐŽŵĞƚŚŝŶŐ Ă ůŝƩůĞ ŵŽƌĞ ĞdžŽƟĐ ǁŚLJ ŶŽƚ ƉůĂŶƚ ƐŽŵĞ ƉĞƉƉĞƌƐ͕ ĂƵďĞƌŐŝŶĞƐ ĂŶĚ ĞǀĞŶ Ă ŵĞůŽŶ͍ dŚŝƐ ŝƐ ĂůƐŽ Ă ŐŽŽĚ ŵŽŶƚŚ ƚŽ ƚŚŝŶŬ ĂďŽƵƚ ƐŽŌ ĨƌƵŝƚ ͘ DŽƐƚ ĨƌƵŝƚ ďƵƐŚĞƐ͕ ƚƌĞĞƐ ĂŶĚ ĐĂŶĞƐ ŶĞĞĚ ƟŵĞ ƚŽ ŐĞƚ ĞƐƚĂďůŝƐŚĞĚ ďĞĨŽƌĞ LJŽƵ ƐƚĂƌƚ ƚŽ ŐĞƚ Ă ŐŽŽĚ LJŝĞůĚ ĂŶĚ ŝƚ ŝƐ ĞĂƐLJ ƚŽ ŽǀĞƌůŽŽŬ ƚŚĞŵ ŝŶ ĨĂǀŽƵƌ ŽĨ ĐƌŽƉƐ ƚŚĂƚ ŐŝǀĞ Ă ƋƵŝĐŬĞƌ ƌĞƚƵƌŶ͘

tŚŝĐŚ ŝƐ ďĞƐƚ͍ ŽŶƐŝĚĞƌ ƚŚĞ ƐƉĂĐĞ ĂǀĂŝůĂďůĞ Ͳ ŝĨ ƐƉĂĐĞ ŝƐ :ŽďƐ ĨŽƌ &ĞďƌƵĂƌLJ͗Ͳ ůŝŵŝƚĞĚ ƚŚĞŶ Ă ĐŽůĚĨƌĂŵĞ͕ ŵĂLJ ďĞ Ă ŐŽŽĚ ŽƉƟŽŶ͘ 'ƌĞĞŶ ŚŽƵƐĞƐ ĐĂŶ ŽīĞƌ ůŽƚƐ ŽĨ ďĞŶĞĮƚƐ ƌĞĐƚ Ă ĐŽůĚ ĨƌĂŵĞ͕ ďƵƚ ĂƌĞ ŐĞŶĞƌĂůůLJ ŶŽƚ Ă ŐƌĞĂƚ /Ĩ LJŽƵ ĚŽŶ͛ƚ ŚĂǀĞ ĂŶLJ ĨƌƵŝƚ ƉŽůLJƚƵŶŶĞů Žƌ ŝĚĞĂ ŝĨ LJŽƵƌ ŐĂƌĚĞŶ ŝƐ ĂůƐŽ ƚŚĞ ŐƌŽǁŝŶŐ ŽŶ LJŽƵƌ ƉůŽƚ ŚŽǁ ŐƌĞĞŶŚŽƵƐĞ͘ ŬŝĚƐ ƉůĂLJ ĂƌĞĂ ĂŶĚ ƚŚĞLJ ĐĂŶ ďĞ ĂďŽƵƚ ĂĚĚŝŶŐ ũƵƐƚ ŽŶĞ ƚLJƉĞ ŽĨ ŚƵŐĞůLJ ĞdžƉĞŶƐŝǀĞ͘ KŶ ƚŚĞ ƉůƵƐ ĨƌƵŝƚ ĞĂĐŚ LJĞĂƌ͍ zŽƵ ĐŽƵůĚ ƉůĂŶƚ WůĂŶƚ ŽƵƚ ŽŶŝŽŶ ƐĞƚƐ ƐŝĚĞ͕ ƚŚĞLJ ĂƌĞ ŶŽƚ ĞĂƐLJ ƚŽ ŐĞƚ ƌĂƐƉďĞƌƌLJ ĐĂŶĞƐ ƚŚŝƐ ŵŽŶƚŚ͕ Žƌ ^Žǁ ƚŽŵĂƚŽĞƐ ŝŶĚŽŽƌƐ ƌŝĚ ŽĨ ƐŽ ŝĨ LJŽƵ͛ƌĞ ƉƌĞƉĂƌĞĚ ĨŽƌ ŝŶĐŽƌƉŽƌĂƚĞ Ă ŐŽŽƐĞďĞƌƌLJ Žƌ Śŝƚ ƐĞĞĚ ƉŽƚĂƚŽĞƐ Ă ďŝƚ ŽĨ ǁŽƌŬ LJŽƵ ŵĂLJ ďĞ ĂďůĞ ďůĂĐŬĐƵƌƌĂŶƚ ďƵƐŚ ŝŶƚŽ LJŽƵƌ ^Žǁ ĞĂƌůLJ ďĞĞƚƌŽŽƚ ĂŶĚ ƚŽ ƉŝĐŬ ƵƉ Ă ƐĞĐŽŶĚŚĂŶĚ ŽŶĞ ďŽƌĚĞƌ͘ /Ĩ LJŽƵ ŚĂǀĞ ƉŽƚ ŐƌŽǁŶ ǀĞƌLJ ĐŚĞĂƉůLJ ƉƌŽǀŝĚŝŶŐ LJŽƵ ĂƌĞ ƐƚƌĂǁďĞƌƌŝĞƐ ƚŚĂƚ ŚĂǀĞ ƐƉĞŶƚ ƐƵŵŵĞƌ ĐĂďďĂŐĞƐ ŚĂƉƉLJ ƚŽ ĚŝƐŵĂŶƚůĞ ĂŶĚ ŵŽǀĞ ƚŚĞ ǁŝŶƚĞƌ ŝŶĚŽŽƌƐ ƚŚĞŶ ƉůĂĐĞ WůĂŶƚ ƐŽŌ ĨƌƵŝƚ ďƵƐŚĞƐ ŝƚ LJŽƵƌƐĞůĨ ;ƚƌLJ ĨƌĞĞĐLJĐůĞͿ͘ tĞ ƚŚĞŵ ŽƵƚƐŝĚĞ ĂƐ ƚŚĞLJ ǁŝůů ŽŶůLJ ŽƉƚĞĚ ĨŽƌ Ă ƉŽůLJƚƵŶŶĞů͕ ǁŚŝĐŚ ŇŽǁĞƌ ĂŌĞƌ ĞdžƉŽƐƵƌĞ ƚŽ ĐŽůĚ ǁĂƐ ǀĞƌLJ ƌĞĂƐŽŶĂďůĞ ŝŶ ƉƌŝĐĞ ǁĞĂƚŚĞƌ͘ WůĂŶƚƐ ƚŚĂƚ ŚĂǀĞ ĂŶĚ ŐĂǀĞ ƵƐ ƐĞǀĞƌĂů ǁĞĞŬĞŶĚƐ ŽǀĞƌ ǁŝŶƚĞƌĞĚ ŽƵƚƐŝĚĞ ĐĂŶ ďĞ ŽĨ ĞŶƚĞƌƚĂŝŶŵĞŶƚ ďƵŝůĚŝŶŐ ďƌŽƵŐŚƚ ŝŶ ŶŽǁ͘

0DGGRFN¶V /DQGVFDSLQJ 0DLQWHQDQFH 6HUYLFHV 0DNH VL[ ZR RUGV HDFK FRQWDLQLQJ J VL[ OHWWHUV E\ \ SDLULQ S QJ DOO RI WKH WKUHH OHWWHUU J JURXSV S 7KH ODVW WKUHH OHWWHUV RI D ZRUG ZL ZLOO EH WKH ILUVW WKUH HH OHWWHUV RI WKH QH[W 7KH ILUV UVW JURXS J RII OHWWHUV KDV EHHQ GRQH IRU \R RX

0 (

0

6RIW ODQGVFDSLQJ VHUYLFHV LQFOXGH

+DUG /DQGVFDSLQJ VHUYLFHV LQFOXGH

1(6

0('

%(5

7+$

*ODVV FXW WR VL]H ZKLOH X ZDLW 5HSODFHPHQW RI PLVWHG GRXEOH JOD]HG XQLWV LQ WLPEHU RU 39& :LQGRZV 'RXEOH JOD]HG XQLWV PDGH WR PHDVXUH 6XSSO\ ILW

7(5

0RELOH

-RLQHU\ PDQXIDFWXUHUV 6RIWZRRG RU KDUGZRRG ZLQGRZV GRRUV VWDLUV PDGH WR RUGHU 5HSODFHPHQW 39& ZLQGRZV GRRUV *UHHQKRXVH JODVV 6KRS ZLQGRZ UHSODFHPHQW

*DWHV *DUDJH %ULGJH /DQH )URGVKDP :$ +1 7HOHSKRQH

DQG 6HDWHU 9HKLFOHV $LUSRUW 7UDQVIHUV 1R ³2XW RI KRXUV´ VXUFKDUJH &RQWUDFWV 8QGHUWDNHQ

*DUGHQ *URXQGV 0DLQWHQDQFH *UDVV &XWWLQJ +HGJH &XWWLQJ &RPSOHWH 0DLQWHQDQFH 3URJUDPV LQFOXGLQJ /DZQ 7UHDWPHQWV :HHG &RQWURO DQG /LJKW 7UHH :RUN /DQGVFDSLQJ 7XUILQJ )HQFLQJ 'HFNLQJ 3DWLRV %ULFNZRUN *DUGHQ :DOOV 5H SRLQWLQJ HWF 3DWKV *UDYHO ZRUN )XOO 6RIW /DQGVFDSLQJ

KRXU VHUYLFH 7HO 0RE

75$',7,21$/ %586+ $1' 9$&880 6(59,&( 1(676 5(029(' &$*(6 &$36 $1' &2:/6 ),77(' 6:((3,1* &(57,),&$7(6 ,668(' 352)(66,21$/ &/($1 6(59,&( )8//< ,1685(' 32/,&( &+(&.('

&DQ SURYLGH WKH IROORZLQJ VHUYLFHV $HULDO 6DWHOOLWH $9 6HUYLFHV 'LJLWDO $HULDO ,QVWDOODWLRQV 6N\ (XURSHDQ 6DWHOOLWH ,QVWDOODWLRQV

/&' 3ODVPD ,QVWDOODWLRQV )UHHYLHZ )UHHVDW

ZLONLQVFKLPQH\VZHHS FR XN ZHVWFKHVKLUH

7HOHSKRQH ([WHQVLRQV &&79 ,QVWDOODWLRQ 6HUYLFH %HVSRNH $9 6\VWHPV %RVH HWF 0RELOH 3KRQH %RRVWHUV $HULDOV /RFDO $SSURYHG 6N\ ,QVWDOOHU

*DV 6DIH UHJLVWHUHG

3OHDVH FRQWDFW XV ZH ZLOO EH KDSS\ WR KHOS

+HDWLQJ LQVWDOODWLRQ ERLOHU UHSODFHPHQW

)UHH 3KRQH

)XOO EDWKURRP ZHW URRP GHVLJQ LQVWDOODWLRQ WLOLQJ

(PDLO XV DW VDOHV#YLHZFRPPV QHW

)XOO SOXPELQJ VHUYLFH

)ROORZ XV RQ IDFHERRN

'D\ 7HO (YH 7HO

7HOHSKRQH

:HE ZZZ YLHZFRPPV WY

(PDLO PEXQWLQJSOXPELQJ#VN\ FRP

>ƵĐLJ͛Ɛ ƌĞĐŝƉĞ ĐŽƌŶĞƌ dĂƐƚLJ ƉƉůĞ WĂŶĐĂŬĞƐ

/ŶŐƌĞĚŝĞŶƚƐ ϭ ďĞĂƚĞŶ ĞŐŐ ϮƚƐƉ ďĂŬŝŶŐ ƉŽǁĚĞƌ ϭϬϬŐ ƉůĂŝŶ ŇŽǁĞƌ ϯƚďƐƉ ĐĂƐƚĞƌ ƐƵŐĂƌ ϮϱŐ ďƵƩĞƌ ϭϱϬŵů ŵŝůŬ Ϯ ƚŚŝŶůLJ ƐůŝĐĞĚ ĂƉƉůĞƐ

3HUIHFW IRU 6KURYH 7XHVGD\ WK )HEUXDU\

WŽƉ ƚŚĞ ŇŽƵƌ ĂŶĚ ďĂŬŝŶŐ ƉŽǁĚĞƌ ŝŶƚŽ Ă ŵŝdžŝŶŐ ďŽǁů͘ DĂŬĞ Ă ĚŝƉ ŝŶ ƚŚĞ ŵŝĚĚůĞ ǁŝƚŚ Ă ƐƉŽŽŶ ĂŶĚ ƉŽƵƌ ŝŶ Ă ďŝƚ ŽĨ ƚŚĞ ŵŝůŬ ĂŶĚ Ăůů ŽĨ ƚŚĞ ĞŐŐ͘ Dŝdž ŝƚ ƵƉ ƚŽ ŵĂŬĞ Ă ƐŵŽŽƚŚ ƉĂƐƚĞ͘ ^ůŽǁůLJ ĂĚĚ ƚŚĞ ƌĞƐƚ ŽĨ ƚŚĞ ŵŝůŬ ĂŶĚ ďĞĂƚ ƚŚĞ ŵŝdžƚƵƌĞ ƐŽ ƚŚĂƚ ŝƚ ŵĂŬĞƐ Ă ƐŽŌ ůŝƋƵŝĚ ;ƚŚŝƐ ŝƐ ƚŚĞ ďĂƩĞƌͿ͘ ^Ɵƌ ŝŶ ϭ ƚĂďůĞƐƉŽŽŶ ŽĨ ƚŚĞ ĐĂƐƚĞƌ ƐƵŐĂƌ͘ ,ĞĂƚ Ă ůŝƩůĞ ďŝƚ ŽĨ Žŝů ŝŶ Ă ĨƌLJŝŶŐ ƉĂŶ ĂŶĚ ƉƵƚ Ă ůĂƌŐĞ ƚĂďůĞƐƉŽŽŶ ŽĨ ƚŚĞ ďĂƩĞƌ ŝŶƚŽ ƚŚĞ ŚŽƚ ƉĂŶ͘ >Ğƚ ŝƚ ĐŽŽŬ ĨŽƌ ϮͲϯ ŵŝŶƵƚĞƐ ƵŶƟů ŝƚ͛Ɛ ŐŽůĚĞŶ ďƌŽǁŶ ƵŶĚĞƌŶĞĂƚŚ ĂŶĚ ĂůŵŽƐƚ ƐĞƚ ŽŶ ƚŽƉ ƚŚĞŶ ŇŝƉ ŝƚ ŽǀĞƌ ƵŶƟů ƚŚĞ ŽƚŚĞƌ ƐŝĚĞ ŝƐ ĐŽŽŬĞĚ͘ <ĞĞƉ ƚŚĞ ƉĂŶĐĂŬĞƐ ǁĂƌŵ ŝŶ ƐŽŵĞ ŬŝƚĐŚĞŶ ƌŽůů ǁŚŝůƐƚ LJŽƵ͛ƌĞ ĐŽŽŬŝŶŐ ƚŚĞ ŽƚŚĞƌƐ͘ dŚĞŶ ŵĞůƚ ƚŚĞ ďƵƩĞƌ ŝŶƚŽ ƚŚĞ ƉĂŶ ĂŶĚ ĨƌLJ ƚŚĞ ĂƉƉůĞ ƐůŝĐĞƐ ƵŶƟů ƚŚĞLJ͛ƌĞ ŶŝĐĞ ĂŶĚ ŐŽůĚĞŶ͘ ĚĚ ƚŚĞ ƌĞŵĂŝŶŝŶŐ ƐƵŐĂƌ ĂŶĚ ƐƟƌ ƵŶƟů ĚŝƐƐŽůǀĞĚ͘ WƵƚ ƐŽŵĞ ŽĨ ƚŚĞ ĂƉƉůĞ ƐůŝĐĞƐ ŝŶƐŝĚĞ ƚǁŽ ŽĨ ƚŚĞ ƉĂŶĐĂŬĞƐ ĨŽƌ Ă ƐƵƉĞƌ ƐǁĞĞƚ ƚƌĞĂƚ͊

.,7&+(16 %('52206 0,5525 '2256 /7' 6SHFLDOLVLQJ LQ 0DGH WR 0HDVXUH 6/,',1* 0,5525 3$1(/ '2256 0DGH LQ RXU RZQ ZRUNVKRS

)5267(' &2/285(' 0,5525 '2256 $9$,/$%/(

23(1 0RQ WR )UL DP WR SP 6DW WR SP

0$'( 72 0($685( .,7&+(16 )XOO\ ILWWHG RU VXSSO\ RQO\ )5(( (VWLPDWHV )5(( 'HOLYHU\

)$&725< 6+2:5220 8QLW 5LQJZD\ 5RDG 2II +DOWRQ 5RDG EHKLQG %ULGJH 7LPEHU 5XQFRUQ :$ 41

7HO RU ZZZ Q\NPLUURUGRRUV FR XN

&RQWDFW XV 3DXO ' &ODUNH )3& 8QLW %DUURZPRUH (QWHUSULVH (VWDWH %DUQKRXVH /DQH *UHDW %DUURZ &KHVWHU &+ -6 (PDLO SDXOGFODUNHISF#WDONWDON QHW

2SHQZRUN /LPLWHG RIIHUV LQVXUDQFH DQG LQYHVWPHQW DGYLFH RQ SURGXFWV IURP D OLPLWHG QXPEHU RI SURGXFW SURYLGHUV DQG DGYLFH RQ PRUWJDJHV UHSUHVHQWDWLYH RI WKH ZKROH PDUNHW

WƵnjnjůĞĚ WĂŐĞ͘​͘​͘​͘

6XGRNX 数独

(DFK URZ FROXPQ DQG [ ER[ PXVW FRQWDLQ WKH QXPEHUV WR MXVW RQFH 7KLV FDQ EH GRQH E\ DSSO\LQJ ORJLF \RX GRQnW KDYH WR JXHVV

6ROXWLRQV S

&5266:25'

! ! ! ! "

6WRQHKRXVH )DUP 1HZ 3DOH 5RDG 0DQOH\ &RPPRQ RQ 7KH 6DQGVWRQH 7UDLO

ZZZ VWRQHKRXVHIDUPEDQGE FR XN 7HO 0RELOH (PDLO EXVKHOO#VWRQHKRXVHIDUP SOXV FRP 2SHQ GDLO\ IRU WHDV FRIIHHV VRIW GULQNV DQG ERWWOHG ZDWHU 6QDFNV LQFOXGLQJ EDFRQ DQG VDXVDJH EXWWLHV VFRQHV FULVSV DQG FKRFRODWHV

Æ&#x201D; $OO DVSHFWV RI *DV :DWHU 3OXPELQJ Æ&#x201D; +HDWLQJ ,QVWDOODWLRQV Æ&#x201D; %RLOHU ([FKDQJHV Æ&#x201D; /DQG /RUG 6DIHW\ ,QVSHFWLRQV Æ&#x201D; 6HUYLFH Æ&#x201D; 0DLQWHQDQFH Æ&#x201D; %DWKURRP 6XLWHV Æ&#x201D; $OO (OHFWULFDO :RUN XQGHUWDNHQ

&DOO 0DUN IRU D IUHH HVWLPDWH RQ

(PDLO P UKHDWLQJ#\DKRR FR XN 2U YLVLW ZZZ P U KHDWLQJ FRP

>ŝďĞƌƟĂ ƉĞƌĞŐƌŝŶĂŶƐ KƌŝŐŝŶĂƟŶŐ ĨƌŽŵ EĞǁ ĞĂůĂŶĚ͕ ƚŚŝƐ ƚĂůů͕ ŇĂŵŝŶŐ ŽƌĂŶŐĞ ƉůĂŶƚ ŽĨ ǀŝǀŝĚ ƐƉŝŬĞƐ ƚŚƌŽǁƐ ŝƚƐĞůĨ ŽƵƚ ŽĨ ĐŽŶƚĂŝŶĞƌƐ Žƌ ďĞĚƐ ŝŶ Ă ͚ůŽŽŬ Ăƚ ŵĞ͛ ĨĂƐŚŝŽŶ͕ ǁŚĞŶ ŽƚŚĞƌ ƉůĂŶƚƐ ŚĂǀĞŶ͛ƚ LJĞƚ ǁŽŬĞŶ ĨƌŽŵ Ă ǁŝŶƚĞƌ ƐůƵŵďĞƌ͘ ,ĂƉƉLJ ŝŶ ĂĐŝĚ͕ ŶĞƵƚƌĂů Žƌ ĂůŬĂůŝŶĞ ƐŽŝůƐ ƚŚŝƐ ĐůƵŵƉͲĨŽƌŵŝŶŐ ƉĞƌĞŶŶŝĂů ǁŝůů ƐƉƌĞĂĚ ƐůŽǁůLJ ƚŽ Įůů ƚŚĞ ƐƉĂĐĞ ĂǀĂŝůĂďůĞ ŵĂŬŝŶŐ ŝƚ Ă ŐƌĞĂƚ ƉŽƚ Žƌ ďĞĚĚŝŶŐ ƉůĂŶƚ͘ /ƚ ĂůƐŽ ŐƌŽǁƐ ǁŚŝƚĞ Žƌ ďůƵĞ͕ ƵƉǁĂƌĚ ĨĂĐŝŶŐ ŇŽǁĞƌƐ ƚŚĂƚ ĂƌĞ ƌĞĐŽŐŶŝƐĂďůĞ ďLJ ƚŚĞŝƌ ƐĂƵĐĞƌͲƐŚĂƉĞ͘ ZĞĂĐŚŝŶŐ ƵƉ ƚŽ ϲϬĐŵ ƚĂůů ƚŚŝƐ ŝƐ Ă ŐƌĞĂƚ ĂĚĚŝƟŽŶ ƚŽ ƚŚĞ ŐĂƌĚĞŶ͘

0 3 %XLOGLQJ -RLQHU\ $OO $VSHFWV RI %XLOGLQJ -RLQHU\ ([WHQVLRQV 5HQRYDWLRQV &RPSOHWH /RIW *DUDJH &RQYHUVLRQV :LQGRZV 'RRUV 6RIILWV )DVFLDV *XWWHUV %DWKURRPV .LWFKHQV )LWWHG 6ROLG :RRG )ORRULQJ )ORRU :DOO 7LOLQJ 'ULYHZD\V 3DWKV &RQFUHWH %DVHV )RRWLQJV 7LPEHU *DUGHQ %XLOGLQJV :RUNSODFH 2IILFH RU 6WRUDJH 3OXPELQJ 3DLQWLQJ %ULFNZRUN 3ODVWHULQJ 5RRILQJ 7LPH VHUYHG WUDGHVPDQ 2YHU \HDUV RI H[SHULHQFH ,QVXUDQFH FRYHUHG $OO ZRUN *XDUDQWHHG )RU D IUHH HVWLPDWH DGYLFH FDOO 0DUN RQ

:,1'2: &/($1,1* ,QWHULRU H[WHULRU ,1&/8',1* )5$0(:25. $OVR« *877(56 &/($1(' )$6&,$6 62)),76 &200(5&,$/ '20(67,& 3523(57,(6 )8//< ,1685(' 5LQJ &KULV RQ

RU

%DVHG LQ 1RUOH\

&203/(7( 6(&85,7< 6(59,&( (VW

'RPHVWLF &RPPHUFLDO ,QWUXGHU $ODUPV LQVWDOOHG WR 3' 67$1'$5' 6SHFLDOLVW LQ PRQLWRUHG V\VWHPV &LW\ *XLOGV TXDOLILHG VWDII KRXU HPHUJHQF\ VHUYLFH $ZDUG ZLQQLQJ FRPSDQ\

D 7RZQILHOG /DQH )URGVKDP

7HO

ZZZ FVVDODUPVFKHVKLUH FR XN

$ :RUUDOO 6RQV )HQFLQJ DQG 3DYLQJ

3DWKV 3DWLRV DQG 'ULYHZD\V )HQFLQJ *DWHV 'HFNLQJ )RU IUHH HVWLPDWHV RU DGYLFH FDOO $QWRQ\ RU %HQ RQ RU 7DOERW 5RDG 'XQKDP RQ WKH +LOO :$ -:

(VWDEOLVKHG VLQFH

<285 21( 6723 6+23 )25 35(0,(5 '(6,*1 ,167$//$7,21 5HOD[ ZLWK )5(( )RUHVW +LOOV /HLVXUH IDFLOLWLHV ZKLOVW ZH ILW \RXU %DWKURRP RU .LWFKHQ

$ IDPLO\ UXQ EXVLQHVV 2ODQGD +RXVH %HOYHGHUH &ORVH )URGVKDP :$ 3(PDLO XGEDWKURRPVDQGNLWFKHQV#\DKRR FR XN

ZZZ XQLTXHEDWKURRPVDQGNLWFKHQV FR XN

5LOH\ ,7 6HUYLFHV )RU DOO \RXU ,7 QHHGV

%% &RQVWUXFWLRQ %5,&.:25. 63(&,$/,67

,QWHUQHW HPDLO SUREOHPV 9LUXV PDO ZDUH UHPRYDO +DUGZDUH VRIWZDUH SUREOHPV 3& 6HFXULW\ 1HWZRUNLQJ :L )L -HUHP\ 5LOH\ % (QJ +RQV

2YHU \HDUV ,7 LQGXVWU\ H[SHULHQFH

&DOO )UHH RQ

5HSDLUHG R 5HEXLOW R 5HSRLQWHG R 12 -2% 722 60$//

RU HQTXLULHV#ULOH\ LW FR XN ZZZ ULOH\ LW FR XN

,ĂŵƐƚĞƌƐ Ă ƉĞƌĨĞĐƚ ƐŵĂůů ƉĞƚ " $ ! $ $ ! # "

% ! ! !

! $ !

!

" ! $ " ! " ! % !

%

! " ! !% !

! $ !

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

! ! ! ! ! " ! !

& $

% " ! "% % !

! % "

! " ! ! % !

! # ! " " % #

! !

!

$ !

!

$ !

! $ # % ! !

!! ! "

!

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

" ! " ! % ! !

! !% ! "! %

!

$OO PDMRU EUDQGV RI FDUSHW Ã RRULQJ

5RGJHUV &DUSHWV 9HU\ FRPSHWLWLYH SULFHV DQG 3HUVRQDO VHUYLFH

6SHFLDOLVWV LQ 6LVDO 6HDJUDVV

XU KRPH 7UDQVIRUP \R D Ã RRULQJ a ZHÂ&#x203A;YH JRW \RX VROXWLRQ IRU

RQ RI /DUJH VHOHFWL PRGHUQ WUDGLWLRQDO UXJV

&RQWUDFW ZRUN XQGHUWDNHQ

0DLQ 6WUHHW )URGVKDP &KHVKLUH 7HO ( LQIR#URGJHUVFDUSHWV FR XN ZZZ URGJHUVFDUSHWV FR XN

& # # !

' ( % $$$ (

# #

6WRS 6PRNLQJ WUHDWPHQW IRU 21/< Â&#x2026; XVXDOO\ Â&#x2026;

WKURXJKRXW )HEUXDU\ Â&#x2021; <HDU ([SHULHQFH Â&#x2021; 3HUIHFW &RORXU 0DWFKLQJ Â&#x2021; $OO 0DMRU 0LQRU :RUN 8QGHUWDNHQ

Â&#x2021; 4XDOLW\ 3ODVWLF %XPSHU 5HSDLUV Â&#x2021; &RXUWHV\ &DUV $YDLODEOH Â&#x2021; &ROOHFWLRQ 'HOLYHU\ Â&#x2021; 2YHQ %DNH )LQLVK IRU $OO 9HKLFOH UHSDLUV

0HHWLQJ +RXVH /DQH .LQJVOH\ :$ 73

µ+\SQRVLV LV WKH PRVW HIIHFWLYH ZD\ RI JLYLQJ XS VPRNLQJ DFFRUGLQJ WR WKH ODUJHVW HYHU VFLHQWL¿F FRPSDULVRQ RI ZD\V RI EUHDNLQJ WKH KDELW ¶ 5HI $UWLFOH IURP WKH 1HZ 6FLHQWLVW 0DJD]LQH 1HZ 6FLHQWLVW YRO LVVXH 2FWREHU

.HHS \RXU 1HZ <HDU¶V 5HVROXWLRQ DQG VWRS 12:

3X]]OH 6ROXWLRQV 6XGRNX

&URVVZRUG

+RQH\FRPE

/LQH XS

0(0%(5 %(57+$ 7+$1(6 1(67(5 7(50(' 0('$/6

&DOO XV QRZ RQ WR ERRN \RXU SODFH

ZZZ SRVLWLYHPLQGWKHUDS\ FR XN

PRQWKO\ IRFXV

PRQWKO\

)2&86 /HQW

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

+%" & && ( - ( ( , ( ( ( & ( +% && ( - ( +% & ( "& % &( & ( +( ( & && &+&$ ( # ( % % & & ( ( ( & & ( % / (/ & ( % ( & % &($& & # ( % / + % % +& % ( " % "& ( & ( / % ( +&( ( - & +& % & %( ( " ( %& "% , / +% - - #

(

# $ # $% # $$ % $ /0-! 3 &$&( 0*! 3 ""' ! 3.

% # ( ,) ) *! )

) +* "! %0-. -& +-*&*$ - 3"- &. . &! "#+-" " % .. / )

,) 0".! 3

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

7DEOH 7RS 6DOH 6XQGD\ )HEUXDU\ DP SP )URGVKDP &RPPXQLW\ &HQWUH

(QWUDQFH Â&#x2026; XQGHU V IUHH

5HIUHVKPHQW +DOO &RPH DORQJ DQG %DJ D %DUJDLQ VWDOOV ZLWK D ZLGH UDQJH RI JRRGV 7DEOHV Â&#x2026; PXVW EH ERRNHG LQ DGYDQFH FDOO 7KH &HQWUH RQ RU HPDLO HYHQWV#IURGVKDPFF FR XN

)52'6+$0 ),/0 62&,(7< 352*5$00( )HE :$5 +256( 0DU 683(5 $SU 7+( %(67 (;27,& 0$5,*2/' +27(/ $OO Ã&#x20AC;OPV DUH VKRZQ DW WKH &RPPXQLW\ &HQWUH )OXLQ /DQH )URGVKDP )RU IXUWKHU GHWDLOV SOHDVH YLVLW WKH ZHEVLWH ZZZ IURGVKDPÃ&#x20AC;OPVRFLHW\ RUJ XN RU FRQWDFW WKH PHPEHUVKLS VHFUHWDU\ 0UV -D\QH -RKQVRQ H PDLO IURGVKDPIV#DRO FRP

$OO 3URFHHGV WR )&$ 5HJLVWHUHG &KDULW\ 1R

6+529( 78(6'$<

)URGVKDP DQG 'LVWULFW 5RXQG 7DEOH

WK )HEUXDU\ # QRRQ 3DQFDNH /XQFK

&KDULW\ %DOO DW WKH )RUHVW +LOOV +RWHO RQ 6DWXUGD\ WK 0DUFK DW SP

6W 3DXOV &KXUFK +DOO +HOVE\ 7LFNHWV DUH Â&#x2026; IURP 6W 3DXOV RU DQ\ FKXUFK PHPEHU

7KH ¶&DVLQR 5R\DOH· %DOO LQFOXGHV D FRXUVH PHDO D OLYH ORFDO EDQG IXQ FDVLQR DQG GLVFR 'UHVV FRGH &DVLQR *ODPRXU %RQG %DGGLHV %ODFN 7LH 7LFNHWV DUH OLPLWHG WR DQG DUH VHOOLQJ IDVW $OO SURFHHGV WR ORFDO JRRG FDXVHV 7LFNHWV Â&#x2026; SHU KHDG 7HO RU WH[W IRU PRUH GHWDLOV RU YLVLW ZZZ )URGVKDP5RXQG7DEOH FR XN )URGVKDP 'LVWULFW 5RXQG 7DEOH DOZD\V ZHOFRPHV QHZ PHPEHUV

6W 3DXOV &KXUFK ZHOFRPHV \RX WR D GD\ RI KHDOLQJ DQG UHFRQFLOLDWLRQ ZLWK 5HYHUHQG 5XVV 3DUNHU GLUHFWRU RI WKH $FRUQ 7UXVW DW 6W 3DXOV &KXUFK +DOO 6DWXUGD\ )HEUXDU\ WK DP SP 'ULQNV ZLOO EH SURYLGHG EXW SOHDVH EULQJ D SDFNHG OXQFK )RU IXUWKHU LQIRUPDWLRQ SOHDVH ULQJ 6DQGUD .HQ\RQ RQ RU HPDLO EULDQVDQGUDND\#DRO FRP

6XWWRQ :HDYHU $JLOLW\ &OXE DQG . %UDWV IRUPHUO\ &DUHQ·V . &ROOHJH KDYH GRJ DJLOLW\ VKRZV RYHU WKH VXPPHU WR EH KHOG DW 6XWWRQ )LHOGV 5XQFRUQ WK DQG WK -XQH DQG WKH WK DQG WK $XJXVW :H DUH ORRNLQJ IRU VWDOOV WR DWWHQG WKHVH HYHQWV \RX GRQ·W KDYH WR EH GRJ UHODWHG ,I \RX DUH LQWHUHVWHG SOHDVH FRQWDFW .DUHQ RQ .DUHQ#N EUDWV FR XN RU FRQWDFW XV YLD RXU ZHEVLWH ZZZ N EUDWV FR XN

.,1*6/(< *$5'(1 &/8% ,19,7( <28 72 $1 (9(1,1* :,7+ '28* 67(:$57 7,36 75,&.6 IURP \HDUV RI UDGLR EURDGFDVWLQJ ² LQJHQLRXV PRQH\ VDYLQJ RU HYHQ EL]DUUH ZD\V WR PDNH JDUGHQLQJ HDVLHU 'RXJ KDV EHHQ SUHVHQWLQJ D JDUGHQLQJ SKRQH LQ IRU 5DGLR +XPEHUVLGH IRU \HDUV +H KDV ZRUNHG LQ UROHV DV D FXFXPEHU FRQVXOWDQW SXPSNLQ SURGXFHU DV ZHOO DV D OHFWXUHU +H LV ´QRW RQO\ D ZRQGHUIXOO\ IXQQ\ PDQ ZKR SRVVHVVHV D UHDO GHSWK DQG EUHDGWK RI SURIHVVLRQDO NQRZOHGJH :KDW·V VSHFLDO LV WKDW KH KDV WKH JLIW WR SUHVHQW LW VR VLPSO\ WKDW HYHQ QRYLFHV FDQ XQGHUVWDQGµ 7KLV SURPLVHV WR EH D KXPRURXV DQG VWLPXODWLQJ HYHQLQJ :KHQ 021'$< WK )(%58$5< DW SP :KHUH .,1*6/(< &20081,7< &(175( EHKLQG WKH +RUVHVKRH 3XE .LQJVOH\

:H ORRN IRUZDUG WR ZHOFRPLQJ HYHU\RQH 1R QHHG WR ERRN MXVW WXUQ XS

*RUJHRXV *UXE DW WKH *URVYHQRU 2Q 6DWXUGD\ WK 0DUFK WKH SUHVWLJLRXV &KHVWHU *URVYHQRU +RWHO ZLOO SOD\ KRVW WR *RUJHRXV *UXE DW WKH *URVYHQRU D XQLTXH HYHQW IHDWXULQJ D IRXU FRXUVH PHDO GHVLJQHG E\ (PPD .HQQHG\ &HOHEULW\ 0DVWHU&KHI ZLQQHU RI ZLWK DOO SURFHHGV JRLQJ WR :LQVIRUG EDVHG FKDULW\ 7KH 1HXURPXVFXODU &HQWUH UHJ FKDULW\ QR

(PPD ZLOO EH RQ KDQG WKURXJKRXW WKH HYHQLQJ WR WDON WR JXHVWV DERXW KHU FKRLFH RI LQJUHGLHQWV DQG PHQX DQG WR VKDUH KHU QHZIRXQG NQRZOHGJH RI JRRG IRRG DQG Ã&#x20AC;QH ZLQH 7LFNHWV IRU WKLV HYHQW DUH SULFHG DW Â&#x2026; SHU SHUVRQ DQG LQFOXGH D %XFNV )L]] 5HFHSWLRQ RQ DUULYDO D IRXU FRXUVH PHDO ZLWK KDOI D ERWWOH RI ZLQH SHU SHUVRQ DQG SRUW ZLWK WKH FKHHVH FRXUVH :H ZLOO DOVR KROG D OX[XU\ DXFWLRQ ZLWK VRPH VSHFWDFXODU SUL]HV 3OHDVH FDOO IRU WLFNHWV DQG IXUWKHU LQIRUPDWLRQ RU HPDLO FODLUH EROWRQ#QPFHQWUH FRP

'DWHV IRU \RXU GLDU\ .7, /RFDO 3URGXFH PDUNHW GDWHV LQ 6DWXUGD\V WK 0DUFK WK -XQH WK -XO\ WK 6HSWHPEHU DQG WK 'HFHPEHU

)RU PRUH LQIRUPDWLRQ ZZZ NLQJVOH\YLOODJH FR XN

%( LQVSLUHG *(7 LQVSLUHG µ0HHW WKH $UWLVW¶ )ULGD\ QG )HE SP $OO ZHOFRPH D FRPSOLPHQWDU\ JODVV RI ZLQH

$FFRXQWDQWV 7D[ +5 DJS

$SSOHJDWH &R

&OD\WRQ 3KLOLS

$FFRPRGDWLRQ 6WRQHKRXVH )DUP % %

$ODUPV 6HFXULW\ &RPSOHWH 6HFXULW\

$HULDO (QJLQHHU 79 /DWKDP $HULDO 6DWHOOLWH

9LHZFRPPV

$UFKLWHFWXUH 'HVLJQ &KHVKLUH 3ODQQLQJ 6ROXWLRQV

QMJ 'HVLJQ

6FRWW $UFKLWHFWXUH

%HDXW\ 6HUHQLW\

%UHZHU\ )URGVKDP %UHZHU\

%XLOGHU -RLQHU 3ODVWHULQJ $QGHUVRQ &RQVWUXFWLRQ

%% &RQVWUXFWLRQ

(OWRQ -RLQHU\

- +LJJLQV %ULFNZRUN

0DG -DN -RLQHU\

03 %XLOGLQJ -RLQHU\

7LP·V 3ODVWHULQJ

%XWFKHU )DUP 6KRS )RUUHVWHUV

&DU 5HSDLUV 027 9DOHW 7\UHV %DUNHU·V 0RWRUV

)URGVKDP 5HSDLUV 6HUYLFLQJ

)URGVKDP 7\UHV

-3: %RG\ 5HSDLUV

2·1HLO 'HQW 5HSDLU

&HOHEUDWLRQ &DNHV 3DY·V &DNHV

&OHDQLQJ &-' :LQGRZ &OHDQHU

4XHHQ RI &OHDQ

6DUD&OHDQ

7KH &DUSHW 2YHQ &OHDQLQJ &R

:LONLQV &KLPQH\ 6ZHHS

&RPSXWLQJ +HOVE\ 3F·V

5LOH\ ,7

'HQWLVW 0DLQ 6WUHHW 'HQWDO

'UHVV 0DNLQJ (OL]DEHWK $UQROG

(GXFDWLRQ )UHQFK 7XLWLRQ

(OHFWULFLDQ 6RODU 3RZHU )URGVKDP (OHFWULFDO 6HUYLFHV

.'( /WG

6:3 (OHFWULFV

:RRGKRXVH 3OXPE (OHFWULFDO

(VWDWH /HWWLQJ $JHQW %L]]L %HH /HWWLQJV

<RXU 0RYH $QGUHZ +D\HV

)HQFLQJ 3DYLQJ 'ULYHZD\V $QWRQ\ :RUUDOO 6RQ

)HQFH DQG 'HFN

)LQDQFLDO 0RUWJDJH $GYLVRU 3DXO ' &ODUNH )3&

)ORRULQJ .LQJVOH\ &DUSHWV

3HUIHFW )ORRUV ,QWHULRUV

5RGJHUV &DUSHWV

7KH /LWWOH &DUSHW 6KRS

)ORULVWV $FHU )ORULVW &KHVKLUH

%ORRPVEXU\·V

+DOHV

)XHO &RXQW\ 2LO

)XQHUDO 'LUHFWRUV 0RQXPHQWDO 0DVRQV '* %DLQHV

'7 7XUQHU

0HDUV DQG -DFNVRQ

)XUQLWXUH )XUQLVKLQJV $ 'HVLJQ .LWFKHQ %DWKURRPV

$ = %OLQGV

%RUGHU %OLQGV /WG 6RODU ,QVHUWV

&XUWDLQV RI )URGVKDP

0DWW )LQLVK

1<. .LWFKHQ %HGURRP 0LUURU 'RRUV 3DQGD %OLQGV

8QLTXH 'HVLJQ .LWFKHQ %DWKURRP

*DUGHQLQJ )URGVKDP *DUGHQV

+D]HOZRRG /DQGVFDSHV

+LOOVLGH *DUGHQ DQG 7UHH

0DGGRFNV /DQGVFDSLQJ

7KH 3LFWXUH *DUGHQ

:2: 'HVLJQ

+DLUGUHVVLQJ %DUEHU +DLU E\ 'HVLJQ

+HDGOLQHV

+HDOWK &DUH &DUROH +RZHV 6SHDFK 7KHUDS\

'U (PPD 5DH 5KHDG +\SQRWKHUDS\ +LOOFUHVW &DUH +RPH

+RPH,QVWHDG 6HQLRU &DUH

+\SQR EDQG

3RVLWLYH 0LQG 7KHUDS\ VPRNLQJ

,QVXUDQFH 1)8 0XWXDO

-HZHOOHU\ '5% -HZHOOHUV

/HV +DUULV

7L $PR

03 *UDKDP (YDQV

1HWZRUNLQJ *URXS /HW·V &RQQHFW

2GG -REV 3URSHUW\ UHSDLUV &KHVKLUH +DQG\PDQ

-DPHV *ULEELQ

2GG -REV -RKQ

3DLQWHU 'HFRUDWRU 5R\ /DPE

6WHYHQ %LVKRS

3HWV &RXQWU\VLGH 3HW 6LWWHUV

*LEVRQV

3HW 3URXG

3OXPELQJ +HDWLQJ *DVPDUF

.'( /WG

0 5 3OXPELQJ

0 %XQWLQJ 3OXPELQJ +HDWLQJ

3OXPE 'LUHFW

:RRGKRXVH +HDWLQJ 3OXPELQJ 5HPRYDO 6HUYLFH 0DQ DQG 9DQ %HQ +LUVW

5HVWDXUDQWV 3XE )XQFWLRQ 9HQXH $PRUH DQG 0$&6

)URGVKDP *ROI &OXE

2VZDOGV +HOWHU 6NHOWHU

7KH 2DNODQGV

7KH :KLWH /LRQ

5RRÃ&#x20AC;QJ $OO 0LJKW\ 5RRÃ&#x20AC;QJ

$OWLWXGH 5RRÃ&#x20AC;QJ

37 5RRÃ&#x20AC;QJ

6'6 5RRÃ&#x20AC;QJ

6NLS 6FUDS 0HWDO 1: 6NLSV

6SRUW /HLVXUH )HHO *RRG :HLJKW /RVV

+HDWK 7HQQLV &OXE

0DWW )LGGHV 0DUWLDO $UW 6FKRRO

0LQL 0RYHUV

1RUGLF :DONLQJ

2SWLPD 7HQQLV

6XQVKLQH )LWQHVV

7DNH )LWQHVV

7D[LV 'LVWULFW 7D[LV

.LQJVOH\ 7UDYHO

7XUQHUV 7UDYHO

9LOODJH 7D[LV

7LOLQJ &% 7LOLQJ

:HGGLQJ :HGGLQJ (YHQW LQ )URGVKDP

:LQGRZV &RQVHUYDWRULHV &DQRSLHV )URGVKDP *ODVV

.HOVDOO :LQGRZV

:URXJKW ,URQ :RUN 'XQKDP +LOO 6PLWK\

&RS\ GDWH IRU WKH 0DUFK HGLWLRQ LV WK )HEUXDU\ 3OHDVH QRWH 'HDGOLQH IRU $GYHUWLVLQJ LQ WKH $SULO HGLWLRQ LV WK 0DUFK WR +DQG RQOLQH ZZZ KHOVE\WRKDQG FR XN

KHOVE\WRKDQG#EWLQWHUQHW FRP

9LHZ +HOVE\ 7HO

RU HPDLO

'!% '% '#! 4*

$" $( $+ "$ % $ ! % ( $ $ $ #### $ % + $ % .

%

( %( $ ')/ ') ')/ ')

( , $" '** '** '** '**

$" $( $+ "$ % $ % ( $ $ $ #### $ % + $ % .

%

( %( $ ' / ') ' / ')

( , $" ') ')*# / ') '* # /

, "$ % $ - . % % $ (+$ "$ % % + +

$ ( (

DĂŶLJ ŽĨ LJŽƵ ĂůƌĞĂĚLJ ŬŶŽǁ

WĂƵů ,ƵŐŚĞƐ KĨ

3DQGD %OLQGV ǁŚŽ ǁŽƌŬĞĚ ĨŽƌ Ă ǁĞůů ŬŶŽǁŶ ŶĂƚŝŽŶĂů ďůŝŶĚƐ ĐŽŵƉĂŶLJ ĨŽƌ ŽǀĞƌ ϭϱ LJĞĂƌƐ ĂŶĚ ŝƐ ŶŽǁ

sĞƌƚŝĐĂůƐ ZŽůůĞƌƐ sĞŶĞƚŝĂŶƐ WůĞĂƚĞĚƐ

ƌƵŶŶŝŶŐ ŚŝƐ ŽǁŶ ƐƵĐĐĞƐƐĨƵů ďƵƐŝŶĞƐƐ ƐƵƉƉůLJŝŶŐ ƌŝƚŝƐŚ ŵĂĚĞ ƋƵĂůŝƚLJ ďůŝŶĚƐ Ăƚ

tŽŽĚĞŶ

ƌĞĂůŝƐƚŝĐ ĐŽŵƉĞƚŝƚŝǀĞ

ŽŶƐĞƌǀĂƚŽƌŝĞƐ ^ƉĞĐŝĂůŝƐƚ

ƉƌŝĐĞƐ ǁŝƚŚ Ă ƐĞƌǀŝĐĞ ƐĞĐŽŶĚ ƚŽ ŶŽŶĞ͘

)RU D IUHH QR SUHVVXUH TXRWH FDOO 3$8/ RQ

ZZZ SDQGDEOLQGV FR XN