Bri-ton Combined Brochure SS2011

Page 1

6SULQJ 6XPPHU

5HE BEST IN 'ROZEN $HILLED /ON FOOD AND 1ROVISIONS


:HOFRPH WR RXU QHZ FDWDORJXH

:HÂśYH SXW RXU )UR]HQ &KLOOHG DQG $PELHQW IRRGV DOO WRJHWKHU LQ WKLV FRORXU FRGHG OLVW VR \RX FDQ ILQG WKLQJV ZLWKRXW JRLQJ URXQG LQ FLUFOHV

/OW FINDING THINGS WONÂąT BE SUCH A PUZZLE

)UR]HQ 3DJH &KLOOHG 3DJH *URFHU\ 3DJH 6QDFNV 3DJH 1RQ IRRG 3DJH With over 3,000 products in our new combined Frozen, Chilled and Ambient products catalogue we have tried to make it as easy as possible for you to find the things you want.

You will also find we have tried to list our products in alphabetical order within their groups. So our vegetable listing starts with ‘Asparagus Spears’ and it would end with ‘Zucchinis’ if anybody ever ordered them!

The 5 Groups

The 18 Browsing Sections

We’ve split our product range into the five main groups of Frozen, Chilled, Provisions, Drinks & Snacks and Non-foods, as shown above. You will also find that each of these groups has its own full alphabetical index.

To help you browse for inspiration we have grouped all our main categories together into the 18 colour-coded sections shown below. So, if you want to put a new fish choice on your menu turn to the yellow fish section starting at page 15, or if you want some ideas for a new dessert, turn to the mauve section on page 29.

Alphabetical Indexes We have tried to list our products in the most likely way you will think of them. So, if you want frozen sausage you can look under ‘G’ for ‘Grill and Griddle’ or ‘M’ for ‘Meat Products’ as well as ‘S’ for Sausages, they should all lead to the page you need.

But if you prefer to just ring and ask about the things you need we’re never too busy to take your call. And we promise that you won’t ever have to â€˜â€Ś press 1 for this or 2 for that’ - we hate those robots too!

New products from around the World

Fish Fillets, Steaks and Fish Shapes

Bread, Bakery and Morning Goods

Page 3

Page 15

Page 26

Starters and Buffet Selection Page 4

Seafood, Prawns and Molluscs

Sweets, Desserts and Puddings

Page 18

Page 29

Gourmet EntrĂŠes and Sauces

Chicken, Turkey and Duckling

Ice Cream Sorbet and Ice Desserts

Page 7

Page 19

Page 37

Complete Vegetarian Selection

Meat Products Selection

Vegetables, Fruit, Rice and Potatoes

Page 7

Page 21

Page 39

Individual and Multi-portion Meals

Savoury Pies, Pizza, Pastry and Puddings

Chilled and Dairy Selection

Page 11

Page 23

Page 42

Grocery and Provisions Selection

Confectionary and Soft Drinks

Hygiene and Non-food Products

Page 45

Page 61

Page 65

<RX ZLOO ILQG KHOSIXO LQIRUPDWLRQ DQG RXU 7HUPV DQG &RQGLWLRQV RI WUDGH LQVLGH WKH EDFN FRYHU


$OSKDEHWLFDO ,QGH[ IRU

'ROZEN 'OODS Page numbers for the indexes of our other Sections:

&KLOOHG IRRGV

3URYLVLRQV

A La Carte Entrees Appetisers - Starters and Buffet Selection Bakery Products - Bread and Rolls Bakery Products - Part-baked Bakery Products - Quiche Bakery Products - Savoury Pies Balti Meals Beefburgers Bhajis Black Pudding Breaded Cheeses Buffet Savouries and Appetisers Buffet Savouries - Vegetarian Cakes - Coffee Shop CanapÊs Cheese - crispy coated Cheesecakes Chicken - Cooked Portions Chicken - Manufactured Products Chips and Potato Products Ciabatta Rolls Coffee Shop Cakes Crabmeat Crevettes Croissant Crolines Curry dishes Danish Pastries Desserts - American Themed Style Desserts - Cheesecakes Desserts - Classic and Traditional Range Desserts - Freezer to Table Pre-cut Range Desserts - Fruit Pies, Flans and Multi Serve Hot Desserts – Ice Cream and Sorbet Desserts - Individual Cold Desserts - Pre-cut Range Desserts - Value Gateau and Tortes Dim Sum Donuts - Balls and Rings Duckling Ethnic Meals Fish - Fillets in batter and breadcrumbs Fish - Fingers and Fishcakes Fish - Plain Fillets, Steaks and W hole Fish Fish - Prepared recipe dishes Fish - Smoked Fish - Snacks in batter and crumbs Freezer to Table Desserts Fruit - Loose frozen Fruit Pies and Flans G ateaux Goujons of Chicken Goujons of Fish Grill and Griddle Guacamole - Tex-Mex Hash Browns Ice Cream - Scooping Ice Cream - Individual Desserts

7 4-6 26 - 27 26 24 - 25 23 - 24 14 21 6 23 4 4-6 8 27 - 29 5 4 34 - 37 19 19 - 20 40 - 41 27 27 - 29 19 18 27 5 11 - 14 27 32 34 - 37 32 - 33 30 - 31 37 37 - 39 38 - 39 30 - 32 33 6 29 21 12 - 15 16 16 - 17 15 - 16 17 16 17 30 - 31 39 37 33 20 17 21 - 23 26 40 37 - 38 38 - 39

6QDFNV 'ULQNV 1RQ IRRG Ice Cubes Indian Snacks Individual Prepared Meals Jalapenos King Prawns M eat Products Morning Bakery Goods Muffins Multi-portion Prepared Meals Mussels Mushrooms - crispy coated New Products in this issue O melettes Pakora Pancakes - Savoury Panini - Filled and Grilled Part-baked Bread Pasties and Savoury pastry Pastry - Savoury Pies and products Pastry - Sheet, Block and Lids PâtÊ Petit Fours Pies - Savoury Cutting Pies - Savoury Individual Pies and Flans - Fruit Filled Pizza - Complete, Crusts and Toppings Potato Specialities Prawns Profiteroles Puddings - Hot Q uiche Ribs - Full and Half racks Rice Samosas Satay Sauce - Individual Frozen Portions Sausage Rolls Sausages Savoury Pastry Products Scampi Seafood Sesame Prawn Toast Sorbet - individual and Scooping Sous-Vide Cuisine Spring Rolls Starters Stuffing Balls Suet Puddings Sundaes - Pop in Glass Tex-Mex Selection Tortilla W raps Tray Cakes Turkey - Breasts, Saddles and Burgers Vegetables - loose frozen Vegetarian Section W raps - Mexican Tortillas Wonton Yorkshire Puddings

39 6 11 - 15 4 + 26 18 21 - 23 27 - 29 29 15 19 4 3-4 9 + 25 6 26 27 26 23 - 24 23 - 24 26 4 30 24 23 - 24 37 25 40 - 41 18 29 + 33 30 + 37 24 - 25 21 41 6 5 7 23 21 - 23 23 - 26 18 18 - 19 6 38 11 6 4-6 23 24 39 25 - 26 25 - 26 29 20 - 21 39 - 40 7 - 11 25 - 26 6 26


,ƵŶƚĞƌƐ ŚŝĐŬĞŶ Ͳ ϯϱϬŐ

ĐŽŶƐŝƐƚĞŶƚůLJ ƉŽƉƵůĂƌ ŵĞŶƵ ŝƚĞŵ ŝŶ ĐĂƐƵĂů ĚŝŶŝŶŐ͊

ĐŽŽŬĞĚ ŚŝĐŬĞŶ ƵƩĞƌŇLJ ƌĞĂƐƚ ǁƌĂƉƉĞĚ ŝŶ ^ƚƌĞĂŬLJ ĂĐŽŶ ĂŶĚ ƐŵŽƚŚĞƌĞĚ ŝŶ WƌŝŵĞ ŚĞĚĚĂƌ ŚĞĞƐĞ ĂŶĚ ĂŶ ĂƵƚŚĞŶƟĐ Y ƐĂƵĐĞ͘ ĐŽŶƐŝƐƚĞŶƚůLJ ƉŽƉƵůĂƌ ŵĞŶƵ ŝƚĞŵ ŝŶ ĐĂƐƵĂů ĚŝŶŝŶŐ͊ ŽŽŬŝŶŐ /ŶƐƚƌƵĐƟŽŶƐ͗ WŝĞƌĐĞ ƉŽƵĐŚ ĂŶĚ DŝĐƌŽǁĂǀĞ ;ϵϬϬǁͿ ĨŽƌ ũƵƐƚ Ϯ ŵŝŶƵƚĞƐ͘

ϯ WŽƌŬ ,ĂŵŵĞƌƐ ŝŶ Y ^ĂƵĐĞ Ͳ ϯϱϬŐ

^ůŽǁ ĐŽŽŬĞĚ ĨŽƌ Ă ƚĞŶĚĞƌ ĞĂƟŶŐ ĞdžƉĞƌŝĞŶĐĞ͊

ϯ WŽƌŬ dŝďŝĂ ^ŚĂŶŬƐ ƐŵŽƚŚĞƌĞĚ ŝŶ ĂŶ ĂƵƚŚĞŶƟĐ Y ^ĂƵĐĞ͘ ĞƐƚ ƐĞƌǀĞĚ ĂƐ Ă ůŝŐŚƚ ŵĞĂů Žƌ ƐƚĂƌƚĞƌ͘ ŽŽŬŝŶŐ /ŶƐƚƌƵĐƟŽŶƐ͗ WŝĞƌĐĞ ƉŽƵĐŚ ĂŶĚ DŝĐƌŽǁĂǀĞ ;ϵϬϬǁͿ ĨŽƌ ũƵƐƚ ϯ ŵŝŶƵƚĞƐ͘

E t


0U 'DYH¶V $XWKHQWLF %DOWL 0HDOV

/DPE %DOWL

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

6XFFXOHQW ODPE SLHFHV LQ DQ DXWKHQWLF VSLF\ VDXFH ZLWK FRULDQGHU

(DV\ 7LJHU &XUU\ 5DQJH

6LQJDSRUH %HHI 3UDZQ 1RRGOHV 1RRGOHV WRSSHG ZLWK VWULSV RI EHHI DQG NLQJ SUDZQV LQ D 6LQJDSRUH VW\OH FXUU\ VDXFH ZLWK RQLRQV EHDQ VSURXWV VSULQJ RQLRQV PXVKURRPV DQG UHG SHSSHUV

)LVK 3ULFHV DUH FRUUHFW ZKHQ SULQWHG EXW VXEMHFW WR PDUNHW FKDQJH

3ODLQ )LVK )LOOHWV 6LQJDSRUH %HHI 3UDZQ 1RRGOHV V Â… SWQ

1RRGOHV WRSSHG ZLWK VWULSV RI EHHI DQG NLQJ SUDZQV LQ D 6LQJDSRUH VW\OH FXUU\ VDXFH ZLWK RQLRQV EHDQ VSURXWV VSULQJ RQLRQV PXVKURRPV DQG UHG SHSSHUV

&RG )LOOHWV ± VNLQOHVV J R]

&RG )LOOHWV ± VNLQOHVV J R]

6HDEDVV )LOOHWV J R]

%HHIEXUJHUV

Y 5HVWDXUDQW %HHIEXUJHU %HHI J R]

NJ Â…

¿OOHW Â…

NJ

Â…

¿OOHW Â…

[ ¶V

Â…

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

0LQ 3DFN

3DFN 3ULFH

[ ¶V

Â…

HDFK

S

[ ¶V

Â…

HDFK

S

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

V

Â…

J Â…

V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

HDFK Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

¿OOHW Â… 3RUWLRQ 3WQ 6L]H FRVW

J

S

$ UHDOO\ VXFFXOHQW MXLF\ SURGXFW ZLWK D XQLTXH VKDSH IRU WKDW KRPH VW\OH DSSHDUDQFH

)XOO\ %DNHG %UHDG

*RXUPHW 0XOWLVHHG %XQV

3RUWLRQ 3WQ 6L]H FRVW

$ VRXUGRXJK JRXUPHW EXQ WRSSHG ZLWK D WDVW\ PL[ RI OLQVHHG PLOOHW DQG SRSS\ VHHGV

*RXUPHW :KLWH %XQV $ VRXUGRXJK JRXUPHW EXQ WRSSHG ZLWK D GXVWLQJ RI ULFH ÀRXU

0HDW 6HOHFWLRQ

3RUN +DPPHUV LQ %%4 6DXFH $ XQLTXH QHZ WZLVW RQ 6ORZ FRRNHG %%4 3RUN ± PLQL 3RUN 6KDQNV VORZ FRRNHG µWLO PHOWLQJO\ WHQGHU WKHQ VPRWKHUHG LQ RXU $XWKHQWLF %%4 6DXFH $ UHDOO\ LQQRYDWLYH QHZ SURGXFW DQG JUHDW YDOXH IRU PRQH\ ´

+XQWHUV &KLFNHQ $Q HYHU SRSXODU IDYRXULWH PDGH VR VLPSOH ± D GRXEOH FKLFNHQ EUHDVW VWUHDN\ EDFRQ SULPH &KHGGDU &KHHVH DQG RXU DXWKHQWLF %%4 6DXFH IXOO\ FRRNHG DQG PLFURZDYHDEOH LQ DERXW PLQXWHV ,GHDO IRU DOO EXV\ FDWHUHUV´

&ODVVLF 'HVVHUWV

3RUN +DPPHUV LQ %%4 6DXFH V Â… $ XQLTXH QHZ WZLVW RQ 6ORZ FRRNHG %%4 3RUN ± PLQL 3RUN 6KDQNV VORZ FRRNHG µWLO PHOWLQJO\ WHQGHU WKHQ VPRWKHUHG LQ RXU $XWKHQWLF %%4 6DXFH $ UHDOO\ LQQRYDWLYH QHZ SURGXFW DQG JUHDW YDOXH IRU PRQH\

7LUDPLVX +DQGPDGH XVLQJ RQO\ WKH ¿QHVW DXWKHQWLF LQJUHGLHQWV /D\HUV RI HVSUHVVR VRDNHG VDYLRDUGL ELVFXLWV DQG ULFK PDVFDUSRQH FUHDP

&KHHVHFDNHV ,ULVK &UHDP /XPS\ %XPS\

7KH (QJOLVK &KHHVHFDNH &RPSDQ\ ± /X[XU\ &KHHVHFDNHV

HDFK

S

$ PRLVW VSRQJH EDVH OD\HUHG ZLWK LULVK FUHDP ÀDYRXUHG PRXVVH DQG OXPS\ EXPS\ FKHHVHFDNH

&DUU\ RQ &DUDPHO &KHHVHFDNH $ FUXQFK\ FRRNLH EDVH WRSSHG ZLWK IUHVK FUHDP ¿OOHG SUR¿WHUROHV LPPHUVHG LQ YDQLOOD FKHHVHFDNH DQG WRSSHG ZLWK OLTXLG FDUDPHO

&RRNLHV DQG &UHDP &KHHVHFDNH :KLWH FKRFRODWH FKHHVHFDNH EOHQGHG ZLWK FUXVKHG FUHDP FRRNLHV RQ D FKRFRODWH FRRNLH EDVH 7RSSHG ZLWK DQ RYHUORDG RI PRUH FUXVKHG FUHDP FRRNLHV

*ROGHQ 1XJJHW +RQH\FRPE &KHHVHFDNH 'HOLFLRXVO\ FUHDP\ YDQLOOD FKHHVHFDNH RQ D FUXQFK\ ELVFXLW EDVH ¿OOHG DQG WRSSHG ZLWK ORDGV RI FUXQFK\ FKRFRODWH KRQ H\FRPE

/HPRQ 0HULQJXH 3DYORYD &KHHVHFDNH 'LJHVWLYH ELVFXLW EDVH ZLWK YDQLOOD FKHHVHFDNH FRQWDLQLQJ OHPRQ ]HVW VSHFNV WRSSHG ZLWK OHPRQ FXUG DQG ¿QLVKHG ZLWK JROGHQ PHULQJXH SLHFHV

6WLFN\ 7RIIHH $SSOH &KHHVHFDNH SWQ Â… SWQ

'HOLFLRXV YDQLOOD FKHHVHFDNH WRSSHG ZLWK JRRH\ FLQQDPRQ DSSOH ZLWK D OD\HU RI VWLFN\ WRIIHH VDXFH RQ D FUXQFK\ GLJHVWLYH EDVH

0RFFD &KRFFD %ORFFD &KRFRODWH WUXIÀH FKHHVHFDNH ¿OOHG ZLWK D KXJH VODE RI FKHZ\ FKRFRODWH EURZQLH VRDNHG LQ HVSUHVVR FRIIHH WKHQ WRSSHG ZLWK ORDGV PRUH EURZQLH FKXQNV

6WLFN\ 7RIIHH $SSOH &KHHVHFDNH 'HOLFLRXV YDQLOOD FKHHVHFDNH WRSSHG ZLWK JRRH\ FLQQDPRQ DSSOH ZLWK D OD\HU RI VWLFN\ WRIIHH VDXFH RQ D FUXQFK\ GLJHVWLYH EDVH OLVWLQJ FRQWLQXHG

1HZ 3URGXFWV IURP DURXQG WKH :RUOG

,Q WKLV ¿UVW VHFWLRQ ZH KDYH JURXSHG WRJHWKHU DOO WKH QHZ SURGXFWV WKDW ZH KDYH LQWURGXFHG VLQFH RXU ODVW FDWDORJXH 7KLV LVVXH LQFOXGHV

1HZ 3URGXFWV IURP DURXQG WKH :RUOG

1HZ 3URGXFWV IURP DURXQG WKH :RUOG


1HZ 3URGXFWV IURP DURXQG WKH :RUOG

7KH (QJOLVK &KHHVHFDNH &RPSDQ\ ± /X[XU\ &KHHVHFDNHV &RQWLQXHG 6WUDZEHUU\ DQG &ORWWHG &UHDP &KHHVHFDNH

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

&RUQLVK FORWWHG FUHDP WRSSHG ZLWK JOD]HG VWUDZEHUU\ KDOYHV RQ D FUXQFK\ EDVH

9DQLOOD 0LON &KRF %XEEOH 7URXEOH

&KRFRODWH WUXIÀH FKHHVHFDNH ¿OOHG DQG WRSSHG ZLWK DPD]LQJ ³0LQW $HUR´ EDOOV

:D\ WR $PDULOOR

9DQLOOD FKHHVHFDNH ¿OOHG ZLWK UDVSEHUU\ FKXQNV DQG WRSSHG ZLWK D WKLFN OD\HU RI OHPRQ FXUG

6FKROOHU 0RYHQSLFN 'DLU\ ,FH &UHDP &RJQDF 9623

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

,QIXVHG ZLWK D ¿QH 9623 &RJQDF DQG PDULQDWHG DSSOH SLHFHV

'RXEOH &UHDP 0HULQJXH

ZLWK FDUDPHO FRXOLV DQG PHULQJXH IUDJPHQWV

(VSUHVVR &URTXDQW

FRIIHH LFH FUHDP ZLWK FRIIHH VDXFH DQG KD]HOQXW SLHFHV

5XP 5DLVLQ

ZLWK MXLF\ UDLVLQV DQG UXP VDXFH

:KLWH &KRFRODWH

(VSUHVVR &URTXDQW OWU S SWQ

&RIIHH LFH FUHDP ZLWK FRIIHH VDXFH DQG KD]HOQXW SLHFHV

OD\HUHG ZLWK D VSHFLDO VDXFH DQG ULSSOH WKDW EUHDNV LQWR FULVS FUXQFK\ VKDYLQJV

%UL WRQ SRUWLRQ FRVWV DUH EDVHG RQ VFRRSV SHU OLWUH

3kWp

$UGHQQHV 3kWp

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

0HGLXP FRDUVH SRUN OLYHU 3kWp VHDVRQHG ZLWK UHG ZLQH JDUOLF DQG KHUEV

%UXVVHOV 3kWp 6PRRWK SRUN OLYHU 3kWp VHDVRQHG ZLWK UHG ZLQH JDUOLF DQG KHUEV

)DUPKRXVH 3kWp 0HGLXP FRDUVH FKLFNHQ OLYHU 3kWp ÀDYRXUHG ZLWK FLGHU UHG ZLQH JDUOLF DQG KHUEV

3kWp GH &DPSDJQH 0HGLXP FRDUVH FKLFNHQ OLYHU 3kWp ÀDYRXUHG ZLWK EUDQG\ UHG ZLQH JDUOLF DQG KHUEV

%UHDGHG &KHHVH

3RUWLRQ 3WQ 6L]H FRVW

7KHVH EUHDGHG FKHHVHV ZLOO GHHS IU\ IURP IUR]HQ LQ DERXW PLQXWHV

Y %ULH :HGJHV

6WDUWHUV DQG %XIIHW 6HOHFWLRQ

S

Y *RDW¶V &KHHVH &URTXHWWH

)DUPKRXVH 3DWH S SWQ

NJ

Â…

J

S

¶V

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

J

Â…

J

S

NJ

Â…

J

S

J

Â…

J

S

$ PLOG )UHQFK JRDW¶V FKHHVH HQFUXVWHG LQ URVHPDU\ DQG WK\PH KHUE EUHDGFUXPEV

Y 0LQL &DPHPEHUW 5RXQGV

0HGLXP FRDUVH FKLFNHQ OLYHU SDWH ÀDYRXUHG ZLWK FLGHU UHG ZLQH JDUOLF DQG KHUEV

$ JHQXLQH ZKROH URXQG )UHQFK &DPHPEHUW FRDWHG LQ FULVS\ EUHDGFUXPEV

Y 0R]]DUHOOD 6WLFNV %UHDGHG VWLFNV RI 0R]]DUHOOD FKHHVH ZLWK JDUOLF DQG RUHJDQR $ERXW SHU SDFN

Y -DODSHQR 3HSSHUV ZLWK &KHHVH +DOYHV RI -DODSHQR SHSSHUV ¿OOHG ZLWK FUHDP FKHHVH FRDWHG LQ EUHDGFUXPEV $ERXW SHU SDFN %ULWR SHGLD -DODSHQR 3HSSHUV VD\ ¶KDOD SHD QR¶ DUH QDPHG DIWHU WKH 0H[LFDQ WRZQ RI +DODSD ZKHUH WKH\ DUH JURZQ 7KH\ DUH DOVR FDOOHG µ&KLSRWOHV¶ ZKHQ VPRNHG WKDW¶V VPRNHG OLNH 6DOPRQ QRW FLJDUHWWHV

%UHDGHG 0XVKURRPV

Y 3ODLQ %UHDGHG 0XVKURRPV

3RUWLRQ 3WQ 6L]H FRVW

:KROH ZKLWH EXWWRQ PXVKURRPV FRDWHG LQ D OLJKW VHDVRQHG EDWWHU DQG FULVS EUHDGFUXPEV $SSUR[ SHU SDFN

Y %UHDGHG &DMXQ 3UR¿OHV 6OLFHV RI ODUJH ÀDW PXVKURRPV FRDWHG LQ EUHDGFUXPEV ZLWK D EOHQG RI &DMXQ VSLFHV (DFK VOLFH PDNHV WKH VKDSH RI D OLWWOH ERDW DQG VR WKH\ RIWHQ DSSHDU RQ PHQXV DV µ&ULVS\ 0XVKURRP %RDWV¶ ZKLFK LV VQDSSLHU WKDQ µ3UR¿OHV¶ $ERXW SHU SDFN

Y *DUOLF %UHDGHG 0XVKURRPV %XWWRQ PXVKURRPV LQ JDUOLF FULVS\ FUXPEV $ERXW SHU SDFN

J

:HGJHV RI )UHQFK EULH LQ D GHOLFDWHO\ VHDVRQHG FUXQFK\ FRDWLQJ

-XVW KHDW IRU PLQXWHV LQ D KRW RYHQ DQG VHUYH VR HDV\

%UHDGHG &DMXQ 3UR¿OHV NJ S SWQ

6OLFHV RI ODUJH ÀDW PXVKURRPV FRDWHG LQ EUHDGFUXPEV ZLWK D EOHQG RI &DMXQ 6SLFHV


3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

&KLFNHQ 6DWD\ J &RFNWDLO VL]H

¶V

Â…

J

S

&KLFNHQ 6DWD\ J 6WDQGDUG VL]H

¶V

Â…

J

S

¶V

Â…

J

S

Y 'HYLO %LWHV ± 9HJHWDEOH 6DOVD

¶V

Â…

J

S

'HYLO %LWHV ± &KLOOL FRQ &DUQH

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

0DQ\ RI RXU EXIIHW LWHPV DUH DOVR SHUIHFW WR VHUYH DV VWDUWHUV RU OLJKW VQDFNV ZLWK D VDODG DQG GLSSLQJ VDXFH

7KHVH 6DWD\ DUH UHDG\ WR VHUYH IURP IUR]HQ LQ VHFRQGV PLFURZDYH RU GHHS IU\ 3HUIHFW IRU EXIIHWV DQG VQDFNV

0L[HG &RFNWDLO &KLFNHQ 6DWD\ &RQWDLQV RI HDFK PDULQDWHG FKLFNHQ FKLFNHQ WLNND FKLFNHQ NRUPD DQG FKLFNHQ EDOWL

'HYLO %LWHV DUH FULVS\ SDVWU\ VWLFNV ¿OOHG ZLWK HLWKHU 0H[LFDQ VW\OH WRPDWR DQG YHJHWDEOHV RU VSLF\ EHHI DQG EHDQ FKLOOL FRQ FDUQH

Y 9HJHWDEOH 6DWD\ ± J 0DULQDWHG IRUPHG YHJHWDEOH VDWD\ WKUHDGHG RQWR D VNHZHU

'HYLO %LWHV &KLOOL &RQ &DUQH V S SWQ

'HYLO %LWHV DUH FULVS\ SDVWU\ VWLFNV ¿OOHG ZLWK HLWKHU 0H[LFDQ VW\OH WRPDWR DQG YHJHWDEOHV RU VSLF\ EHHI DQG EHDQ FKLOOL FRQ FDUQH

0LQL 6DYRXU\ (JJV )LQHO\ FKRSSHG HJJ DQG PD\RQQDLVH ZUDSSHG LQ TXDOLW\ SRUN VDXVDJH PHDW WKHQ FUXPEHG DQG IULHG -XVW WKDZ DQG VHUYH

0LQL 4XLFKH ´ &RQWDLQV RI HDFK /RUUDLQH &KHHVH DQG 2QLRQ 0HGLWHU UDQHDQ 9HJHWDEOHV DQG 7RPDWR DQG %DVLO

7UDGLWLRQDO 6DYRXU\ &DQDSpV

6WDUWHUV DQG %XIIHW 6HOHFWLRQ

0LQ 3DFN

7UDGLWLRQDO %XIIHW 6DYRXULHV

&RQWDLQV HDFK RI YDULHWLHV FUDE SDWH OHPRQ SHDFK FKXW QH\ VPRNHG GXFN ¿J FKXWQH\ IRLH JUDV DSULFRW VPRNHG VDOPRQ OHPRQ FUHDP SRXOWU\ FXUU\ UDLVLQV JRDWV FKHHVH WRPDWR EURFFROL JXDFDPROH SUDZQ 5RTXHIRUW ZLWK EDFRQ VWULSV DQG ¿QDOO\ KRUVHUDGLVK DQFKRYLHV

&RQWLQHQWDO %XIIHW 6DYRXULHV

&DQDSpV 0HDW 6HOHFWLRQ

3RUWLRQ 3WQ 6L]H FRVW

8QEDNHG VHOHFWLRQ ZLWK RI HDFK +DP DQG *UX\HUH &KLOOL &KLFNHQ DQG 7KDL %HHI &DQDSpV

Y &DQDSpV 9HJHWDULDQ 6HOHFWLRQ

0LQL 4XLFKH V S HDFK

&RQWDLQV RI HDFK /RUUDLQH &KHHVH 2QLRQ 0HGLWHUUDQHDQ 9HJHWDEOHV DQG 7RPDWR %DVLO

'XR &DQDSpV DQG %OLQLV &DQDSpV &KHHVH DQG 6PRNHG WURXW UHG SHSSHU DQG KD]HOQXW PRXVVH FRQWLQHQWDO VDXVDJH ZLWK SDUVOH\ EXWWHU HJJ PD\RQQDLVH ZLWK ROLYH DQG WRPDWR %OLQLV ± 3UDZQ DQG &KHHVH JRDW¶V FKHHVH DQG VPRNHG VDOPRQ RQ D FKLYH FKLWWRQDGH

Y )LJ DQG *RDW¶V &KHHVH 3DUFHO 6ZHHW DQG MXLF\ ¿JV PL[HG ZLWK FUHDP\ JRDW¶V FKHHVH DQG KHUEV ZUDSSHG LQ D GHOLFDWH SDVWU\ SDUFHO

Y *UHHN 6W\OH 3DUFHOV $ GHOLFLRXV FRPELQDWLRQ RI )HWD FKHHVH UHG RQLRQ DQG FRXUJHWWH ZLWK KHUEV LQ D OLJKW SDVWU\ SDUFHO

0LQL 3L]]D 3URVFXLWWR KDP

Y 0LQL 3L]]D 7KUHH &KHHVH 7KHVH ELWH VL]H WKLQ DQG FULVS\ VWRQH EDNHG PLQL SL]]DV DUH D GHOLJKWIXO DGGLWLRQ WR DQ\ EXIIHW ± RQH IRU YHJHWDULDQV DQG ERWK IRU HYHU\RQH HOVH

3HWLW &UROLQHV 8QEDNHG 0L[HG 3DFNV

&UROLQH 6HOHFWLRQ ZLWK 6DOPRQ

3RUWLRQ 3WQ 6L]H FRVW

HDFK RI 6DOPRQ &KHHVH +DP DQG 0XVKURRP YDULHWLHV

&UROLQH 6HOHFWLRQ ZLWK &KLFNHQ &XUU\ HDFK RI &KLFNHQ &XUU\ &KHHVH +DP DQG 0XVKURRP YDULHWLHV

9HJHWDULDQ &UROLQH 6HOHFWLRQ V S HD

Y 9HJHWDULDQ &UROLQH 6HOHFWLRQ HDFK RI 6WLOWRQ DQG $SSOH )HWD &KHHVH DQG 0HGLWHUUDQHDQ 9HJHWDEOH YDULHWLHV

6WDUWHUV DQG %XIIHW 6HOHFWLRQ

8QEDNHG VHOHFWLRQ ZLWK RI HDFK 6WLOWRQ DQG $SULFRW 9HJHWDEOH 5RJDQ -RVK DQG 2ULHQWDO 9HJHWDEOH

HDFK RI 6WLOWRQ $SSOH )HWD &KHHVH DQG 0HGLWHUUDQHDQ 9HJHWDEOH YDULHWLHV


6WDUWHUV DQG %XIIHW 6HOHFWLRQ

(WKQLF %XIIHW 6DYRXULHV

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

HDFK

S

¶V

Â…

J

S

$Q DVVRUWPHQW RI OLJKW DQG FULVS\ RULHQWDO EXIIHW SDUFHOV HDFK ZLWK GLIIHUHQW RULHQWDO VHDVRQLQJ &KRRVH IURP

'LPVXP 6HDIRRG DQG 9HJHWDEOH HDFK RI 6KDR 0DL 6KULPS 6DPRVD 9HJHWDEOH 6SULQJ 5ROO DQG 6KULPS :RQWRQ %ULWR SHGLD 'LP VXP LV D XQLYHUVDO QDPH IRU &KLQHVH GLVKHV WKDW LQYROYH OLWWOH LQGLYLGXDO SRUWLRQV RI IRRG XVXDOO\ VHUYHG LQ D VPDOO VWHDPHU EDVNHW RU RQ D VPDOO SODWH ,W PHDQV µWRXFK WKH KHDUW¶ LQ &DQWRQHVH ZKLFK LV UDWKHU PRUH H[SUHVVLYH WKDQ RXU µEDU VQDFN¶ RU µVWDUWHU¶

Y 'LPVXP 0L[HG 9HJHWDEOH HDFK RI &XUU\ 6DPRVD &KLOOL 6SULQJ 5ROO DQG 6ZHHW DQG 6RXU 0RRQ 3XII

0DQJR DQG %ULH 3DUFHO )UHQFK EULH DQG PDQJR LQ D FULVS\ SDVWU\ SDUFHO

Y 2QLRQ %KDMLV 0LQL J Y 2QLRQ %KDMLV &RFNWDLO J

)UHVK VOLFHG RQLRQ LQ D XQLTXHO\ VSLFHG JUDP ÀRXU EDWWHU IULHG XQWLO FULVS DQG JROGHQ 5H KHDW DQG VHUYH

Y 3DNRUD 9HJHWDEOH DQG 6SLQDFK J )UHVK YHJHWDEOHV DQG OHDI VSLQDFK DUH FRPELQHG LQ DQ DXWKHQWLF VSLFHG JUDP ÀRXU EDWWHU

6DPRVD &RFNWDLO /DPE J

0DQJR DQG %ULH 3DUFHO V S HD

)UHQFK EULH DQG PDQJR LQ D FULVS\ SDVWU\ SDUFHO

6SLFHG PLQFHG ODPE DQG SHDV KDQG ZUDSSHG LQ D SDUFHO RI FULVS RULHQWDO SDVWU\

Y 6DPRVD 0LQL 9HJHWDEOH J 6SULQJ 5ROOV 0LQL &KLQHVH J &ULVS\ RULHQWDO SDQFDNHV ¿OOHG ZLWK &KLQHVH VW\OH EHHI DQG YHJHWDEOHV ZLWK VR\ VDXFH DQG VSLFHV %ULWR SHGLD WKH RULJLQDO 6SULQJ 5ROO UHFLSH LV EHOLHYHG E\ PDQ\ 7DLZDQHVH SHRSOH WR KDYH EHHQ KDQGHG GRZQ E\ %XGGKD VR WKDW RWKHUV FRXOG EH DV KDSS\ DV KLP 7KH\ DUH IRXQG LQ DOO SDUWV RI WKH ZRUOG EHLQJ FDOOHG &KLNR 5ROOV LQ $XVWUDOLD /RHPSLD LQ %HOJLXP 5ROORV 3ULPDYHUD LQ 0H[LFR DQG &KLQHVH 7DFRV LQ SDUWV RI $PHULFD

6SULQJ 5ROOV ± 0LQL 3HNLQJ 'XFN &ULVS\ RULHQWDO SDQFDNHV ¿OOHG ZLWK 3HNLQJ GXFN DQG YHJHWDEOHV

Y 6SULQJ 5ROOV ± 0LQL 9HJHWDEOH J &ULVS\ RULHQWDO SDQFDNHV ¿OOHG ZLWK &KLQHVH VW\OH YHJHWDEOHV ZLWK VR\ VDXFH DQG VSLFHV

6HVDPH 3UDZQ 7RDVWV &ULVS\ VTXDUHV RI EUHDG WRSSHG ZLWK D GHOLFDWH PL[ RI FUXVKHG SUDZQV DQG EDPERR VKRRWV HQKDQFHG ZLWK D VSULQNOLQJ RI VHVDPH VHHGV 'HHS IU\ IURP IUR]HQ IRU PLQXWHV

6WDUWHUV DQG %XIIHW 6HOHFWLRQ

$ OLJKW SDVWU\ FDVH SDFNHG ZLWK FUHDP\ EULH DQG FUDQEHUU\ 'HHS IU\ IURP IUR]HQ LQ VHFRQGV

(WKQLF 6DYRXU\ 6QDFNV

,QGLDQ 0HDW 6QDFN 6HOHFWLRQ

6SULQJ 5ROOV 0LQL 3HNLQJ 'XFN V S HD 0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

0LQ 3DFN

3DFN 3ULFH

[ NJ

Â…

J

SWQ

Â…

J Â…

&ULVS\ RULHQWDO SDQFDNHV ¿OOHG ZLWK 3HNLQJ GXFN DQG YHJHWDEOHV

HDFK RI 2QLRQ %KDMLV /DPE 6DPRVDV &KLFNHQ 6DPRVDV &KLFNHQ 3DNRUDV ZLWK 3DNRUD 6DXFH 6DFKHWV

Y ,QGLDQ 9HJHWDEOH 6QDFN 6HOHFWLRQ HDFK RI 2QLRQ %KDMLV 6SLQDFK 3DNRUDV 9HJHWDEOH 6DPRVDV DQG VDFKHWV RI D 6SLF\ 3DNRUD 6DXFH

0LQL 1DDQ ZLWK &KLFNHQ 7LNND 0LQL OLJKW DQG ÀXII\ QDDQ EUHDG EUXVKHG ZLWK VZHHW PDQJR FKXWQH\ WRSSHG ZLWK WHQGHU FKLFNHQ FKXQNV FRDWHG LQ D ULFK DQG FUHDP\ VSLF\ PDULQDGH

Y 0LQL 6DYRXU\ 9HJHWDEOH 6HOHFWLRQ &RQWDLQV 0LQL 9HJHWDEOH 6SULQJ 5ROOV 0LQL 9HJHWDEOH 6DPRVDV DQG 0LQL 2QLRQ %KDMLV

5LEV DQG :LQJV

&KLFNHQ :LQJV +RW µQ¶ 6SLF\

3RUWLRQ 3WQ 6L]H FRVW

S

'HOLFLRXV PLG DQG SULPH FXWV RI FKLFNHQ ZLQJV PDULQDWHG LQ D KRW EOHQG RI FKLOOLHV DQG VSLFHV $ERXW SHU NJ EDJ

5LEV %%4 %XIIHW SDFN ± J )LYH %%4 ULEV LQ DQ DXWKHQWLF VPRNH\ %%4 VDXFH *UHDW IRU VWDUWHUV RU WDSDV

)XOO 5DFN RI %%4 3RUN 5LEV J R]

+DOI 5DFN RI %%4 3RUN 5LEV J R]

SWQ

Â…

J Â…

SWQ

Â…

J Â…

6PRWKHUHG LQ DQ LPSRUWHG %%4 VDXFH WKHVH KDOI DQG IXOO UDFNV RI SRUN ULEV DUH VORZ FRRNHG WR HQVXUH D WHQGHU VXFFXOHQW HDW

Y :RQWRQ &UDQEHUU\ DQG %ULH

:LQJ DQG 5LE &RPEL 3DFN ± J 6L[ FRRNHG VLQJOH MRLQW FKLFNHQ ZLQJV DQG VL[ SRUN ULEV LQ DQ DXWKHQWLF VPRNH\ %%4 VDXFH

:LQJ 5LE &RPEL 3DFN J Â… SWQ

SWQ

Â…

J Â…

6L[ FRRNHG VLQJOH MRLQW FKLFNHQ ZLQJV DQG VL[ SRUN ULEV LQ DQ DXWKHQWLF VPRNH\ %%4 VDXFH


'XFNOLQJ )LOOHWV D O¶2UDQJH

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J

S

¶V

Â…

HDFK

S

¶V

Â…

J

S

¶V

Â…

HDFK

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

HDFK

S

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

J

S

¶V

Â…

J

S

$ SULPH ERQHOHVV SRUWLRQ RI UDZ GXFNOLQJ ¿OOHW FRPSOHPHQWHG ZLWK D ULFK WDQJ\ RUDQJH VDXFH 6FRUH VNLQ DQG SODFH LQ SUHKHDWHG RYHQ IRU PLQXWHV

+DOI 'XFN J

$ GHOLFLRXV KDOI RI D WHQGHU KRQH\ URDVW GXFNOLQJ ZKLFK LV IXOO\ WULPPHG DQG LQGLYLGXDOO\ YDFXXP SDFNHG IRU PD[LPXP FRQYHQLHQFH 6HUYH ZLWK D WDQJ\ IUXLW VDXFH DQG YHJHWDEOHV IRU FODVVLF GLQQHU PHQX RU ZLWK VDODG IRU D OLJKWHU OXQFK 0LFURZDYH RYHQ RU SDQ KHDW IURP IUR]HQ

/X[XU\ &KLFNHQ .LHY ERQHOHVV 7KHVH VNLQOHVV EUHDVWV RI FKLFNHQ DUH ¿OOHG ZLWK IUHVK SDUVOH\ DQG JDUOLF EXWWHU WKHQ EUHDGFUXPEHG DQG OLJKWO\ EODQFKHG LQ RLO WR VHDO WKH QDWXUDO MXLFHV

/X[XU\ &KLFNHQ .LHY ± ERQH LQ $ VNLQOHVV EUHDVW RI FKLFNHQ ZLWK WKH VSULJ ERQH OHIW RQ ¿OOHG ZLWK IUHVK SDUVOH\ DQG JDUOLF EXWWHU EUHDGFUXPEHG DQG OLJKWO\ EODQFKHG LQ RLO WR VHDO WKH QDWXUDO MXLFHV

/X[XU\ &KLFNHQ .LHY %RQHOHVV V Â… HD

,QGLYLGXDO 6DXFH 3RUWLRQV 7KHVH LQGLYLGXDO SRUWLRQV RI FODVVLF VDXFH ZLOO WUDQVIRUP D SODLQ VWHDN RU ¿VK ¿OOHW LQWR D JRXUPHW¶V GHOLJKW -XVW SLHUFH DQG PLFURZDYH IURP IUR]HQ LQ D PLQXWH RU UH KHDW LQ D SDQ RI ERLOLQJ ZDWHU 7KLQN RI WKHP DV D FKHI LQ D VDFKHW

7KHVH VNLQOHVV EUHDVWV RI FKLFNHQ DUH ¿OOHG ZLWK IUHVK SDUVOH\ DQG JDUOLF EXWWHU WKHQ EUHDGFUXPEHG DQG OLJKWO\ EODQFKHG LQ RLO WR VHDO WKH QDWXUDO MXLFHV

$X 3RLYUH 3HSSHU 6DXFH $ FUHDP\ OLJKW EURZQ VDXFH ZLWK YLVLEOH FUDFNHG EODFN SHSSHU DQG FUXVKHG JUHHQ SHSSHUFRUQV

%pDUQDLVH 6DXFH

*RXUPHW (QWUpHV DQG 6DXFH SRUWLRQV

$ /D &DUWH (QWUpHV

$ ULFK VDXFH RI FODUL¿HG EXWWHU HJJ \RONV DQG D WDUUDJRQ VKDO ORW DQG ZLQH YLQHJDU UHGXFWLRQ %ULWR SHGLD )HUQDQG 3RLQ ZKR LV FRQVLGHUHG WKH IDWKHU RI PRGHUQ )UHQFK FXLVLQH VDLG ³%pDUQDLVH VDXFH LV VLPSO\ DQ HJJ \RON D VKDOORW DQG D OLWWOH WDUUDJRQ ZLQH YLQHJDU EXW LW WDNHV \HDUV RI SUDFWLFH IRU WKH UHVXOW WR EH SHUIHFW¶ « RU MXVW D FDOO WR %UL 7RQ

&KDVVHXU 6DXFH $ GDUN EURZQ SRXULQJ VDXFH ÀDYRXUHG ZLWK UHG ZLQH DQG YLV LEOH VOLFHG PXVKURRPV

&KLOOL %RXUERQ 6DXFH $ VZHHW VWLFN\ PLOG FKLOOL DQG ERXUERQ ÀDYRXUHG VDXFH

&UHDP\ 6WLOWRQ 6DXFH $ VPRRWK FUHDP\ DQG JORVV\ SRXULQJ VDXFH ZLWK D YLVLEOH EOXH KXH

'LDQH 6DXFH $ ULFK FUHDP\ VDXFH ZLWK PXVKURRPV DQG ¿QLVKHG ZLWK EUDQG\

,QGLYLGXDO SRUWLRQV RI FODVVLF VDXFHV ZLOO WUDVIRUP D SODLQ VWHDN RU ¿VK ¿OOHW LQWR D JRXUPHW V GHOLJKW

+ROODQGDLVH 6DXFH $ WUDGLWLRQDO EXWWHU\ VPRRWK KROODQGDLVH EDVHG VDXFH RI FRDWLQJ FRQVLVWHQF\

2UDQJH 6DXFH &ODVVLF VW\OH $ WUDQVSDUHQW RUDQJH VDXFH RI FRDWLQJ FRQVLVWHQF\ ÀDYRXUHG ZLWK *UDQG 0DUQLHU

5RDVW 2QLRQ *UDY\ $ WKLQ SRXULQJ JUDY\ ZLWK YLVLEOH RQLRQ VOLFHV

:KLWH :LQH 6DXFH $ ULFK ZKLWH ZLQH VDXFH

&RPSOHWH 9HJHWDULDQ 6HOHFWLRQ :H KDYH JURXSHG DOO RXU YHJHWDULDQ SURGXFWV WRJHWKHU KHUH DV ZHOO DV OLVWLQJ PDQ\ RI WKHP ZLWKLQ WKHLU RZQ JURXS 6R \RX ZLOO ¿QG /LQGD 0F&DUWQH\ VDXVDJHV KHUH DV ZHOO DV ZLWK RXU PDLQ VDXVDJH OLVWLQJ ZKLOH 9HJHWDEOH 6SULQJ 5ROOV ZLOO DOVR EH LQ RXU (WKQLF %XIIHW 6DYRXULHV VHFWLRQ 7KLV PD\ UHVXOW LQ DQ RFFDVLRQDO IHHOLQJ RI 'pMj YX DOWKRXJK WKDW H[WUD JODVV RI ZLQH PD\ DOVR H[SODLQ LW

9HJHWDULDQ 6WDUWHU DQG %XIIHW 6HOHFWLRQ 0DQ\ RI RXU %XIIHW 6DYRXULHV FDQ DOVR EH XVHG VXFFHVVIXOO\ DV DQ LQWHUHVWLQJ DQG XQXVXDO VWDUWHU 7KH\ DUH JHQHUDOO\ YHU\ HDV\ WR SUHSDUH IURP IUR]HQ DQG ZLWK D OLWWOH LPDJLQDWLRQ ZLOO SUHVHQW D KLJKHU SHUFHLYHG YDOXH WKDQ WKHLU ORZ FRVW $QG LI \RX ZRXOG ¿QG D IHZ VHUYLQJ VXJJHVWLRQV KHOSIXO MXVW OHW XV NQRZ ZKHQ \RX SODFH \RXU QRUPDO RUGHU DQG ZH¶OO SDVV VRPH RQ

,QGLYLGXDO 6DYRXU\ 9HJHWDULDQ 3DVWU\ 3URGXFWV :ULJKWV &KHHVH 2QLRQ /DWWLFH V S HD

/DWWLFH SXII SDVWU\ ¿QJHUV ZLWK D FKHHVH DQG VSULQJ RQLRQ ¿OOLQJ

Y &KHHVH DQG 2QLRQ /DWWLFH 3DVWU\ 8QEDNHG

3RUWLRQ 3WQ 6L]H FRVW

&RPSOHWH 9HJHWDULDQ 6HOHFWLRQ

%HDUQDLVH 6DXFH V S HD

/DWWLFH SXII SDVWU\ ¿QJHUV ZLWK D FKHHVH DQG VSULQJ RQLRQ ¿OOLQJ

Y &KHHVH DQG 2QLRQ 6OLFHV 8QEDNHG :LWK D ¿OOLQJ RI FKHGGDU DQG PR]]DUHOOD FKHHVH ZLWK SRWDWR


&RPSOHWH 9HJHWDULDQ 6HOHFWLRQ

%UHDGHG &KHHVH

Y %ULH :HGJHV

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J

S

¶V

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

J

Â…

:HGJHV RI )UHQFK EULH LQ D GHOLFDWHO\ VHDVRQHG FUXQFK\ FRDWLQJ

Y &DPHPEHUW 0LQL 5RXQGV $ JHQXLQH ZKROH URXQG )UHQFK &DPHPEHUW FRDWHG LQ FULVS\ EUHDGFUXPEV

Y *RDW¶V &KHHVH &URTXHWWH $ PLOG )UHQFK JRDW¶V FKHHVH HQFUXVWHG LQ URVHPDU\ DQG WK\PH KHUE EUHDGFUXPEV

Y -DODSHQR 3HSSHUV ZLWK &KHHVH +DOYHV RI -DODSHQR SHSSHUV ¿OOHG ZLWK FUHDP FKHHVH FRDWHG LQ EUHDGFUXPEV $ERXW SHU SDFN

Y 0R]]DUHOOD 6WLFNV %UHDGHG VWLFNV RI 0R]]DUHOOD FKHHVH ZLWK JDUOLF DQG RUHJDQR $ERXW SHU SDFN

%UHDGHG 0XVKURRPV

Y 3ODLQ %UHDGHG 0XVKURRPV

3RUWLRQ 3WQ 6L]H FRVW

J

S 0R]]DUHOOD 6WLFNV NJ S HD

:KROH ZKLWH EXWWRQ PXVKURRPV FRDWHG LQ D OLJKW VHDVRQHG EDWWHU DQG FULVS EUHDGFUXPEV $SSUR[ SHU SDFN

Y *DUOLF %UHDGHG 0XVKURRPV

J

Â…

J

S

NJ

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

HDFK

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

HDFK

S

%UHDGHG VWLFNV RI 0R]]DUHOOD FKHHVH ZLWK JDUOLF DQG RUHJDQR $ERXW SHU SDFN

%XWWRQ PXVKURRPV LQ JDUOLF FULVS\ FUXPEV $ERXW SHU SDFN

Y %UHDGHG &DMXQ 3UR¿OHV 6OLFHV RI ODUJH ÀDW PXVKURRPV FRDWHG LQ EUHDGFUXPEV ZLWK D EOHQG RI &DMXQ VSLFHV (DFK VOLFH PDNHV WKH VKDSH RI D OLWWOH ERDW DQG VR WKH\ RIWHQ DSSHDU RQ PHQXV DV µ&ULVS\ 0XVKURRP %RDWV¶ ZKLFK LV VQDSSLHU WKDQ µ3UR¿OHV¶ $ERXW SHU SDFN

%XIIHW 6DYRXULHV

Y &DQDSpV 9HJHWDULDQ 6HOHFWLRQ

3RUWLRQ 3WQ 6L]H FRVW

8QEDNHG VHOHFWLRQ ZLWK RI HDFK 6WLOWRQ DQG $SULFRW 9HJHWDEOH 5RJDQ -RVK DQG 2ULHQWDO 9HJHWDEOH

Y &KHGGDSXIIV XQEDNHG 8QEDNHG SXII SDVWU\ &KHGGDU &KHHVH UROOV ZLWK UHDO &KHGGDU &KHHVH DQG FKLYHV

Y &UROLQH 9HJHWDULDQ 6HOHFWLRQ HDFK RI 6WLOWRQ DQG $SSOH )HWD &KHHVH DQG 0HGLWHUUDQHDQ 9HJHWDEOH YDULHWLHV

Y 'HYLO %LWHV ± 9HJHWDEOH 6DOVD 7KHVH FULVS\ SDVWU\ VWLFNV DUH ¿OOHG ZLWK 0H[LFDQ VW\OH WRPDWRHV DQG YHJHWDEOHV

Y 'LPVXP 0L[HG 9HJHWDEOH HDFK RI &XUU\ 6DPRVD &KLOOL 6SULQJ 5ROO DQG 6ZHHW DQG 6RXU 0RRQ 3XII

&RPSOHWH 9HJHWDULDQ 6HOHFWLRQ

Y )LJ DQG *RDW¶V &KHHVH 3DUFHO

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

6ZHHW DQG MXLF\ ¿JV PL[HG ZLWK FUHDP\ JRDW¶V FKHHVH DQG KHUEV ZUDSSHG LQ D GHOLFDWH SDVWU\ SDUFHO

Y *UHHN 6W\OH 3DUFHOV

&ULVS\ SDVWU\ VWLFNV ¿OOHG ZLWK 0H[LFDQ VW\OH WRPDWRHV DQG YHJHWDEOHV

$ GHOLFLRXV FRPELQDWLRQ RI )HWD FKHHVH UHG RQLRQ DQG FRXUJHWWH ZLWK KHUEV LQ D OLJKW SDVWU\ SDUFHO

Y ,QGLDQ 9HJHWDEOH 6QDFN 6HOHFWLRQ HDFK RI 2QLRQ %KDMLV 6SLQDFK 3DNRUDV 9HJHWDEOH 6DPRVDV DQG VDFKHWV RI D 6SLF\ 3DNRUD 6DXFH

Y 0LQL 6DYRXU\ 9HJHWDEOH 6HOHFWLRQ &RQWDLQV 0LQL 9HJHWDEOH 6SULQJ 5ROOV 0LQL 9HJHWDEOH 6DPRVDV DQG 0LQL 2QLRQ %KDMLV

Y 0LQL 3L]]D 7KUHH &KHHVH 7KHVH ELWH VL]H WKLQ DQG FULVS\ VWRQH EDNHG PLQL SL]]DV DUH D GHOLJKWIXO DGGLWLRQ WR DQ\ EXIIHW

Y 2QLRQ %KDMLV 0LQL J Y 2QLRQ %KDMLV &RFNWDLO J

)UHVK VOLFHG RQLRQ LQ D XQLTXHO\ VSLFHG JUDP ÀRXU EDWWHU IULHG XQWLO FULVS DQG JROGHQ 5H KHDW DQG VHUYH

Y 3DNRUD 9HJHWDEOH DQG 6SLQDFK J )UHVK YHJHWDEOHV DQG OHDI VSLQDFK DUH FRPELQHG LQ DQ DXWKHQWLF VSLFHG JUDP ÀRXU EDWWHU

Y 6DWD\ J 9HJHWDEOH 0DULQDWHG IRUPHG YHJHWDEOH VDWD\ WKUHDGHG RQWR D ZRRGHQ VNHZHU

'HYLO %LWHV 9HJHWDEOH 6DOVD V S HD

OLVWLQJ FRQWLQXHG

9HJHWDEOH 6DWD\ V S HD

0DULQDWHG IRUPHG YHJHWDEOH VDWD\ WKUHDGHG RQWR D ZRRGHQ VNHZHU


Y 6DPRVD 0LQL 9HJHWDEOH J

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

HDFK

S

6SLFHG YHJHWDEOHV KDQG ZUDSSHG LQ D SDUFHO RI FULVS RULHQWDO SDVWU\ %ULWR SHGLD 7KH 6DPRVDV ZH NQRZ WRGD\ RULJLQDWHG DV µ6DQERVDJV¶ LQ 3HUVLD QRZ ,UDQ RYHU \HDUV DJR 7KH\ DUH ZLGHO\ HQMR\HG LQ $VLD $IULFD $PHULFD DQG (XURSH FDQ EH ODUJH RU VPDOO IULHG RU EDNHG DQG KDYH PRUH ¿OOLQJV WKDQ WKHUH DUH VWDUV LQ %ROO\ZRRG 7KHVH LQFOXGH UDZ PDQJR FKXWQH\ VZHHW FXUG VRIW FKHHVH SXPSNLQ DQG HYHQ WRPDWR NHWFKXS DOWKRXJK VSLFHG YHJHWDEOHV ZLWK PLQFHG EHHI RU FKLFNHQ DUH PRVW SRSXODU

Y 6SULQJ 5ROOV ± 0LQL 9HJHWDEOH J &ULVS\ RULHQWDO SDQFDNHV ¿OOHG ZLWK &KLQHVH VW\OH YHJHWDEOHV ZLWK VR\ VDXFH DQG VSLFHV

Y 9HJHWDEOH 3DQFDNH 6SULQJ 5ROOV %HDQVSURXWV FHOHU\ VZHHW FRUQ UHG SHSSHUV SHDV RQLRQ VR\ VDXFH DQG VHDVRQLQJ ZUDSSHG LQ D FULVS\ SDQFDNH 'HHS IU\ IURP WKH IUHH]HU LQ D FRXSOH RI PLQXWHV

Y 9HJHWDEOH 6DPRVD Y 9HJHWDEOH 0LQL 6DPRVD

0LQL 9HJHWDEOH 6DPRVD V S HD

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

6SLFHG YHJHWDEOHV KDQG ZUDSSHG LQ D SDUFHO RI FULVS RULHQWDO SDVWU\

6SLFHG YHJHWDEOHV KDQG ZUDSSHG LQ D SDUFHO RI FULVS RULHQWDO SDVWU\

Y :RQWRQ &UDQEHUU\ DQG %ULH

&RPSOHWH 9HJHWDULDQ 6HOHFWLRQ

%XIIHW 6DYRXULHV &RQWLQXHG

$ OLJKW SDVWU\ FDVH SDFNHG ZLWK FUHDP\ EULH DQG FUDQEHUU\ 'HHS IU\ IURP IUR]HQ LQ VHFRQGV

,QGLYLGXDO 6QDFN DQG 0DLQ 0HDO ,WHPV 7KH PDMRULW\ RI WKHVH LWHPV DUH YHU\ HDV\ WR SUHSDUH IURP IUR]HQ DQG FDQ EH SUHVHQWHG ZLWK MXVW D OLWWOH LPDJLQDWLRQ DQG \RXU RZQ VSHFLDO VLGH VDODG WR DGG UHDO YDOXH DQG LQWHUHVW WR \RXU PHQX

2PHOHWWHV

3RUWLRQ 3WQ 6L]H FRVW

0DGH LQ ,UHODQG ZLWK IUHVK HJJV WKHVH SHUIHFWO\ IRUPHG IROGHG RPHOHWWHV ZLOO PLFURZDYH IURP WKH IUHH]HU LQ D FRXSOH RI PLQXWHV

Y 3ODLQ 2PHOHWWHV J Y &KHHVH DQG 7RPDWR 2PHOHWWHV J

¶V

Â…

J

S

¶V

Â…

J

S

8QFXW )XOO\ %DNHG 9HJHWDULDQ 4XLFKH

0LQ 3DFN

3DFN 3ULFH

SWQ

Â…

J

S

SWQ

Â…

J

S

SWQ

Â…

J

S

SWQ

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

SWQ

Â…

0LQ 3DFN

3DFN 3ULFH

SWQ

Â…

J

S

SWQ

Â…

J

S

3RUWLRQ 3WQ 6L]H FRVW

2XU IXOO\ EDNHG TXLFKHV DUH SUHVHQWHG LQ VWXUG\ IRLO WUD\V DQG FDQ EH VLPSO\ WKDZHG DQG VHUYHG RU JHQWO\ ZDUPHG LQ D FRQYHQWLRQDO RYHQ

Y 7RPDWR DQG %DVLO ZLWK 7RPDWR 3DVWH 4XLFKH )XOO\ EDNHG VKRUW FUXVW SDVWU\ FDVH ¿OOHG ZLWK IUHVK HJJV PD WXUH FKHGGDU IUHVK EDVLO DQG KHUEV RQ D OD\HU RI WRPDWR SDVWH

Y 5RDVW 0HGLWHUUDQHDQ 9HJHWDEOH 4XLFKH $ FULVS EDNHG SDVWU\ FDVH ¿OOHG ZLWK D OD\HU RI WRPDWR DQG KHUE SDVWH WRSSHG ZLWK JUDWHG FKHHVH DQG IUHVK URDVWHG 0HGLWHUUDQHDQ YHJHWDEOHV DQG VDYRXU\ HJJ FXVWDUG

Y 6SDQLVK 4XLFKH )XOO\ EDNHG 4XLFKH PDGH ZLWK IUHVK HJJV DQG PDWXUH &KHG GDU FKHHVH FRPELQHG ZLWK IUHVK YHJHWDEOHV KHUEV DQG VSLFHV

3UH FXW )XOO\ %DNHG 9HJHWDULDQ 4XLFKH

3RUWLRQ 3WQ 6L]H FRVW

2XU SUH FXW TXLFKH DUH IXOO\ EDNHG DQG WKHQ H[SHUWO\ FXW LQWR VOLFHV 7KH\ FDQ EH JHQWO\ WKDZHG E\ WKH SRUWLRQ LQ D PLFURZDYH DOWKRXJK WKH SDVWU\ UHPDLQV FULVSHU LI D FRQYHQWLRQDO RYHQ LV XVHG

Y &KHHVH DQG 2QLRQ 4XLFKH

J

S

)XOO\ EDNHG WUDGLWLRQDO TXLFKHV PDGH ZLWK IUHVK HJJV DQG PDWXUH &KHGGDU FKHHVH FRPELQHG ZLWK VOLFHG VWURQJ ZKLWH RQLRQV

3LFNXSV %DNHG 9HJHWDULDQ 4XLFKH )LQJHUV

3RUWLRQ 3WQ 6L]H FRVW

3LFNXSV DUH IXOO\ EDNHG ¿QJHU VL]HG VOLFHV RI GHOLFLRXV TXLFKH WKDW DUH SHUIHFW IRU EXIIHWV -XVW WKDZ DQG VHUYH

6WULSV RI JUHHQ DVSDUDJXV &KHGGDU FKHHVH DQG IUHVK JDUOLF FRPELQHG ZLWK D ULFK VDYRXU\ HJJ FXVWDUG LQ D KHUE SDVWU\ FDVH

$VSDUDJXV &KHHVH 3LFN 8SV SWQ S HD

$VSDUDJXV VWULSV &KHGGDU FKHHVH DQG IUHVK JDUOLF FRPELQHG ZLWK D ULFK VDYRXU\ HJJ FXVWDUG LQ D KHUE SDVWU\ FDVH

Y $VSDUDJXV 4XLFKH 3LFNXSV

Y 0H[LFDQ 6DOVD 4XLFKH 3LFNXSV 4XLFKH VOLFHV ¿OOHG ZLWK SHSSHUV VZHHW FRUQ UHG FKLOOLHV WRPDWRHV DQG FRULDQGHU LQ SDUPHVDQ DQG KHUE SDVWU\

&RPSOHWH 9HJHWDULDQ 6HOHFWLRQ

)XOO\ EDNHG 4XLFKH PDGH ZLWK IUHVK HJJV PDWXUH &KHGGDU DQG 5HG /HLFHVWHU FKHHVHV FRPELQHG ZLWK IUHVK VSULQJ RQLRQV DQG VOLFHG ZKLWH VWURQJ RQLRQV

3ODLQ 2PHOHWWHV V S HD

0DGH LQ ,UHODQG ZLWK IUHVK HJJV WKHVH SHUIHFWO\ IRUPHG IROGHG RPHOHWWHV ZLOO PLFURZDYH IURP WKH IUHH]HU LQ D FRXSOH RI PLQXWHV

Y 7ZR &KHHVH DQG 2QLRQ 4XLFKH


&RPSOHWH 9HJHWDULDQ 6HOHFWLRQ

5HDG\ 3UHSDUHG 9HJHWDULDQ 3L]]D

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

´

S

¶V

Â…

´

S

¶V

Â… ´ [ ´ S

7KHVH UHDG\ WR VHUYH ´ DQG ´ 3L]]D DUH WRSSHG ZLWK VKUHGGHG &KHGGDU DQG 0R]]DUHOOD RQ D OD\HU RI VSLFHG WRPDWR VDXFH DQG JDUQLVKHG ZLWK WRPDWR SLHFHV

Y &KHHVH DQG 7RPDWR 3L]]D ´ Y &KHHVH DQG 7RPDWR 3L]]D ´ Y 0XOWL VHUYH &KHHVH DQG 7RPDWR 3L]]D

7KHVH [ PP UHFWDQJXODU SL]]D FDQ EH FXW LQWR IRXU SRUWLRQV

9HJHWDULDQ 6QDFN DQG *ULOO ,WHPV

Y 9HJHWDEOH DQG &KHHVH %DNHV R]

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J

S

NJ

Â…

J

S

¶V

Â…

J

S

NJ

Â…

J

S

$ VHOHFWLRQ RI FULVS YHJHWDEOHV LQ D FKHHVH VDXFH FRYHUHG LQ D JROGHQ FULVS\ FUXPE

Y 9HJHWDEOH DQG &KHHVH 1XJJHWV ô R]

$ EOHQG RI YHJHWDEOHV FRYHUHG LQ D JROGHQ FULVS\ FRDWLQJ

Y 9HJHWDEOH .LHY ò R]

$ VHOHFWLRQ RI FULVS YHJHWDEOHV HQFDVHG LQ D JROGHQ FUXPE FRDWLQJ DQG ¿OOHG ZLWK D GHOLFLRXV JDUOLF DQG FKHHVH VDXFH

Y 4XRUQ %XUJHUV R]

)XOO RI SURWHLQ DQG OHVV WKDQ IDW 4XRUQ %XUJHUV DUH YHU\ WDVW\ EXW GRQ¶W VKULQN ZKHWKHU JULGGOHG EDNHG IULHG RU PLFURZDYHG

Y 4XRUQ 0LQFH Y 4XRUQ 3LHFHV 'LFHG

9HJHWDEOH .LHY V S HD

$ VHOHFWLRQ RI FULVS YHJHWDEOHV HQFDVHG LQ D JROGHQ FUXPE FRDWLQJ DQG ¿OOHG ZLWK D GHOLFLRXV JDUOLF DQG FKHHVH VDXFH NJ

Â…

J

S

NJ

Â…

J

S

V

Â…

R]

S

¶V

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

¶V

Â…

J Â…

¶V

Â…

J Â…

8VH WKHVH KHDOWK\ PHDW DOWHUQDWLYHV LQ \RXU RZQ UHFLSHV %ULWR SHGLD 4XRUQ LV D SURWHLQ ULFK IXQJXV GLVFRYHUHG LQ DQG QDPHG DIWHU D /HLFHVWHUVKLUH YLOODJH

Y 9HJHWDULDQ %XUJHU 0DGH IURP YHJHWDEOHV PL[HG ZLWK SRWDWR OLJKWO\ VHDVRQHG DQG FRDWHG LQ D GHOLFLRXV FULVS EUHDGFUXPE 2YHQ EDNH JULOO RU IU\

Y 9HJHWDULDQ 6DXVDJH /LQGD 0F&DUWQH\ $ VL]]OLQJ VDXVDJH SDFNHG ZLWK GHOLFLRXV KHUEV DQG VHDVRQ LQJ 6KDOORZ IU\ RU JULOO

,QGLYLGXDO 9HJHWDULDQ 0HDOV :H KDYH GLYLGHG RXU UDQJH RI ,QGLYLGXDO 9HJHWDULDQ 0HDOV LQWR WKUHH JURXSV 7UDGLWLRQDO 5HFLSH 0HDOV 3DVWD 5HFLSH PHDOV DQG 6SLF\ DQG &XUU\ GLVKHV

7UDGLWLRQDO 5HFLSH 5DQJH

Y %ULH &RXUJHWWH DQG $OPRQG &UXPEOH $ WKLFN FUHDPHG %ULH VDXFH ZLWK OD\HUV RI IUHVK SRWDWR DQG FRXUJHWWH DOO WRSSHG ZLWK EUHDGFUXPEV DOPRQGV FKHHVH VHVDPH VHHGV DQG SDUVOH\ FUXPEOH

&RPSOHWH 9HJHWDULDQ 6HOHFWLRQ

Y %URFFROL DQG &KHHVH %DNH )ORUHWV RI EURFFROL EDNHG LQ D FKHHVH VDXFH DQG WRSSHG ZLWK VOLFHV RI QHZ SRWDWR

Y %URFFROL DQG &UHDP &KHHVH %DNH

$ VL]]OLQJ VDXVDJH SDFNHG ZLWK GHOLFLRXV KHUEV DQG VHDVRQLQJ 6KDOORZ IU\ RU JULOO ¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

&ULVS EURFFROL DQG GLFHG RQLRQV LQ D ZKLWH VDXFH HQULFKHG ZLWK IUHVK IXOO IDW FUHDP FKHHVH DQG WRSSHG ZLWK VOLFHG SRWDWRHV DQG SDUPHVDQ FKHHVH

Y /HPRQ DQG 7K\PH 5LVRWWR ,WDOLDQ ULFH VDXWpHG LQ EXWWHU RQLRQV DQG JDUOLF ZLWK ZKLWH ZLQH FUHDP OHPRQ MXLFH DQG WK\PH )LQLVKHG ZLWK DVSDUDJXV DQG ZLOWHG URFNHW

Y 0XVKURRP DQG 3HD 5LVRWWR $Q H[TXLVLWH PRLVW ULVRWWR ZLWK PXVKURRPV JDUGHQ SHDV VKDOORWV DQG ZKLWH ZLQH

Y 0XVKURRP DQG 6SLQDFK 6WURJDQRII 0XVKURRPV LQ D FUHDP\ VWURJDQRII VDXFH ZLWK VSLQDFK DQG EXWWHUQXW VTXDVK

Y :LOG 0XVKURRP DQG %UDQG\ 6WUXGHO $ GHOLFDWH EOHQG RI ZLOG DQG IUHVK PXVKURRPV EURZQ ULFH DQG FRXUJHWWHV WRSSHG ZLWK D FUHDP\ EUDQG\ VDXFH DQG HQFDVHG LQ D SXII SDVWU\ SDUFHO

Y 0HGLWHUUDQHDQ :HOOLQJWRQ )UHVK RYHQ URDVWHG DO GHQWH YHJHWDEOHV ZLWK ¿QH KHUEV DQG ROLYH RLO HQWZLQHG ZLWK D 0HGLWHUUDQHDQ VDXFH DQG HQFDVHG LQ D JROGHQ SXII SDVWU\ FDVH 6XLWDEOH IRU YHJHWDULDQV

Y 0XVKURRP &UDQEHUU\ DQG %ULH :HOOLQJWRQ :RRGODQG PXVKURRPV VSLQDFK DQG VDXWpHG RQLRQV HQKDQFHG ZLWK EULH FKHHVH DQG ZUDSSHG LQ JROGHQ SXII SDVWU\

9HJHWDULDQ 6DXVDJH V S HD

OLVWLQJ FRQWLQXHG

0HGLWHUUDQHDQ :HOOLQJWRQ V Â… HD

)UHVK RYHQ URDVWHG DO GHQWH YHJHWDEOHV ZLWK ¿QH KHUEV DQG ROLYH RLO HQWZLQHG ZLWK D 0HGLWHUUDQHDQ VDXFH DQG HQFDVHG LQ D JROGHQ SXII SDVWU\ FDVH 6XLWDEOH IRU YHJHWDULDQV


Y 1XW 5RDVW 6OLFH

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â… J Â…

¶V

Â… J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

$Q H[RWLF EOHQG RI KD]HOQXWV ZLWK EURZQ ULFH DQG KHUEV FUDIWHG LQWR DQ LQGLYLGXDO VOLFH

Y 6WLOWRQ DQG 9HJHWDEOH &UXPEOH $ PHGOH\ RI YHJHWDEOHV LQ ULFK VWLOWRQ FKHHVH VDXFH ZLWK D FUXQFK\ FUXPE WRSSLQJ

Y 9HJHWDEOH 1XW 5RDVW ZLWK $SULFRWV *RDWV &KHHVH 3DQ IULHG YHJHWDEOHV ZLWK DSULFRWV SHDQXWV DOPRQGV ZDOQXWV WRSSHG ZLWK FUHDP\ JRDWV FKHHVH

9HJHWDULDQ 3DVWD 5HFLSH 5DQJH

Y 9HJHWDEOH /DVDJQH )UHVK VSLQDFK SDVWD OD\HUHG ZLWK VHDVRQDO YHJHWDEOHV ZLWK D FUHDP\ EpFKDPHO VDXFH DQG SDUPHVDQ FKHHVH

Y 9HJHWDEOH /DVDJQH 9HUGL $ FRPELQDWLRQ RI GHOLFLRXV YHJHWDEOHV LQFOXGLQJ DXEHUJLQH PXVKURRP WRPDWR DQG RQLRQ JHQWO\ FDVVHUROHG LQ D ZHOO VHDVRQHG VDXFH DQG OD\HUHG ZLWK VSLQDFK SDVWD WRSSHG ZLWK \RJKXUW EpFKDPHO VDXFH

6WLOWRQ 9HJHWDEOH &UXPEOH V Â… HD

Y 9HJHWDEOH /DVDJQH DO )RUQR $ GHOLFLRXV EOHQG RI VXQ GULHG YHJHWDEOHV LQ D WRPDWR VDXFH ZLWK D KLQW RI EDVLO DQG JDUOLF OD\HUHG ZLWK ZKLWH SDVWD DQG FKHHVH VDXFH

$ PHGOH\ RI YHJHWDEOHV LQ ULFK VWLOWRQ FKHHVH VDXFH ZLWK D FUXQFK\ FUXPE WRSSLQJ

Y :LOG 0XVKURRP /DVDJQH

&RPSOHWH 9HJHWDULDQ 6HOHFWLRQ

7UDGLWLRQDO 5HFLSH 5DQJH &RQWLQXHG

:RRGODQG PXVKURRPV LQ D WRPDWR VDXFH ZLWK HJJ ODVDJQH DQG FKHHVH VDXFH

Y 6SLQDFK DQG 5LFRWWD &DQQHOORQL :KLWH

)RXU IUHVK HJJ ZKLWH SDVWD UROOV ¿OOHG ZLWK VSLQDFK DQG FKHHVH SDUPHVDQ ULFRWWD IXOO IDW FKHHVH ÀDYRXUHG ZLWK JDUOLF QXWPHJ DQG WRPDWR VDXFH DOO WRSSHG ZLWK EpFKDPHO DQG FKHHVH 3DFNHG LQ D UHFWDQJXODU PLFURZDYDEOH WUD\

Y 0XVKURRP %URFFROL DQG 6WLOWRQ 3DVWD %DNH 7UL FRORXU IXVLOOL SDVWD WZLVWV FRYHUHG ZLWK D VWLOWRQ VDXFH ZLWK IUHVK PXVKURRPV DQG EURFFROL

Y 0DFDURQL &KHHVH 0DFDURQL SDVWD ZLWK D FUHDP\ FKHHVH VDXFH PDGH ZLWK UHG /HLFHVWHU FKHHVH DQG WRSSHG ZLWK EUHDGFUXPEV

6SLF\ DQG &XUU\ 9HJHWDULDQ 'LVKHV

Y 4XRUQ &KLOOL

$ YHJHWDULDQ IHDVW LQFOXGLQJ EHDQV FKLFNSHDV VZHHW FRUQ PXVKURRPV DQG SRWDWRHV ¿QLVKHG ZLWK IUHVK JDUOLF DQG FRULDQGHU

0XVKURRP %URFFROL 6WLOWRQ 3DVWD %DNH V Â… HD

7UL FRORXU IXVLOOL SDVWD WZLVWV FRYHUHG ZLWK D VWLOWRQ VDXFH ZLWK IUHVK PXVKURRPV DQG EURFFROL

Y 9HJHWDEOH %DOWL

Y 6ZHHW 3RWDWR &KLFN 3HD DQG 6SLQDFK &XUU\ &KXQN\ VZHHW SRWDWR IULHG DQG WRVVHG LQ D ULFK VPRRWK FRFRQXW ÀDYRXUHG VDXFH ZLWK FKLFNSHDV DQG VSLQDFK

Y 7DQGRRUL 9HJHWDEOH 0DVDOD $ VHOHFWLRQ RI FUXQFK\ IUHVK YHJHWDEOHV LQ D PLOGO\ VSLFHG EXWWHU FUHDP DQG PDVDOD VSLFHG VDXFH %ULWR SHGLD 0DVDOD LV DQ ,QGLDQ ZRUG IRU µD EOHQG RI VSLFHV¶ DQG LV DOVR FDOOHG µJDUDP PDVDOD¶ %UL 7RQ RUGHU FRGH

6RXV 9LGH (QWUpH¶V 6RXV 9LGH LV D PHWKRG RI VORZ FRRNLQJ LQ D SRXFK ZKLFK UHWDLQV DOO WKH QDWXUDO MXLFHV DQG ÀDYRXU RI WKH LQJUHGLHQWV <RX FDQ UH KHDW VLQJOH SRUWLRQV LQ D PLFURZDYH RU ELJJHU TXDQWLWLHV LQ D ODUJH SDQ RI ERLOLQJ ZDWHU

%HHI %ULVNHW ZLWK 5HG :LQH 3RUFLQL 0XVKURRPV %HHI EULVNHW VORZO\ FRRNHG ZLWK 3RUWREHOOR PXVKURRPV LQ D UHG ZLQH DQG WRPDWR VDXFH

&XPEHUODQG 6DXVDJH LQ 2QLRQ *UDY\ 7KUHH TXDOLW\ SRUN VDXVDJHV LQ D WUDGLWLRQDO RQLRQ JUDY\

/DPE 6KDQN ZLWK 5RVHPDU\ 5HG :LQH /DPE RQ WKH ERQH LQ GHOLFLRXV UHG ZLQH JUDY\ ZLWK URVHPDU\

/DPE 6KDQN LQ 0LQW 2QLRQ *UDY\ /DPE VKDQN FRRNHG LQ D ULFK PLQW RQLRQ JUDY\

7DQGRRUL 9HJHWDEOH 0DVDOD V Â… HD

$ VHOHFWLRQ RI FUXQFK\ IUHVK YHJHWDEOHV LQ D PLOGO\ VSLFHG EXWWHU FUHDP DQG PDVDOD VSLFHG VDXFH

/LYHU DQG 2QLRQV 6OLFHV RI SULPH ODPE¶V OLYHU ZLWK VOLFHG RQLRQV LQ D ULFK WUDGLWLRQDO JUDY\

6DOPRQ ZLWK &KDPSDJQH DQG $VSDUDJXV 6DOPRQ ¿OOHW LQ D WRPDWR FKDPSDJQH DVSDUDJXV DQG GLOO VDXFH

,QGLYLGXDO DQG 0XOWL 3RUWLRQ 0HDOV

4XRUQ PLQFH LQ D PLOG VSLFHG WRPDWR FKLOOL VDXFH ZLWK YLVLEOH SHSSHUV DQG NLGQH\ EHDQV


,QGLYLGXDO DQG 0XOWL 3RUWLRQ 0HDOV

)DLUZD\ 5HJXODU ,QGLYLGXDO 0HDOV

&KLFNHQ 7LNND 0DVDOD

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J Â…

¶V

Â…

J Â…

7HQGHU GLFHG FKLFNHQ VHUYHG LQ DQ DURPDWLF VDXFH RI ULFK ,QGLDQ VSLFHV FUHDP\ \RJKXUW DQG FRULDQGHU

&KLOOL &RQ &DUQH ZLWKRXW ULFH

/HDQ PLQFHG EHHI LQ D VSLF\ 0H[LFDQ VDXFH ZLWK UHG NLGQH\ EHDQV 0LFURZDYH IURP IUR]HQ DQG VHUYH ZLWK D J SDFN RI FRGH ORQJ JUDLQ :KLWH 5LFH

/DVDJQH 9HUGL $ GHOLFLRXV EHHI DQG WRPDWR %RORJQHVH VDQGZLFKHG EHWZHHQ OD\HUV RI IUHVK SDVWD DQG WRSSHG ZLWK D FUHDP\ EpFKDPHO VDXFH DQG SDUPHVDQ FKHHVH

)DLUZD\ %,**(5 ,QGLYLGXDO 0HDOV

&KLFNHQ DQG 6PRN\ %DFRQ ZLWK 3DVWD 7HQGHU SLHFHV RI FKLFNHQ DQG OLJKWO\ VPRNHG EDFRQ LQ D FUHDP VDXFH ZLWK SDVWD VKHOOV

/DVDJQH 0DJQL¿FR $ WUDGLWLRQDO ,WDOLDQ WHQ OD\HU ODVDJQH PDGH XS RI IRXU VKHHWV RI IUHVK ZKLWH SDVWD DQG PHDW\ %RORJQHVH WRSSHG ZLWK D FUHDP\ EpFKDPHO VDXFH ¿QLVKHG ZLWK D FRYHULQJ RI JUDWHG FKHHVH DQG PR]]DUHOOD

/X[XU\ )LVK 3LH

&KLFNHQ 7LNND 0DVDOD V Â… HD

¶V

Â…

J Â…

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

¶V

Â…

J Â…

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

6DOPRQ FKXQNV VPRNHG KDGGRFN SUDZQV DQG $ODVNDQ SROODFN LQ D FUHDP\ OHHN VDXFH WRSSHG ZLWK UHDO PDVKHG SRWDWR DQG VSULQNOHG ZLWK WRDVWHG EUHDGFUXPEV

6KHSKHUGV 3LH

7HQGHU GLFHG FKLFNHQ VHUYHG LQ DQ DURPDWLF VDXFH RI ULFK ,QGLDQ VSLFHV FUHDP\ \RJKXUW DQG FRULDQGHU

0LQFHG ODPE LQ D ULFK VDYRXU\ VDXFH ZLWK PL[HG YHJHWDEOHV DQG WRSSHG ZLWK FUHDPHG SRWDWR

(DV\ 7LJHU &XUU\ 5DQJH

&KLFNHQ 7LNND 0DVDOD 7HQGHU SLHFHV RI FKLFNHQ EUHDVW PDULQDWHG LQ \RJKXUW DQG VSLFHV LQ D FUHDP\ PDVDOD VDXFH

6LQJDSRUH %HHI 3UDZQ 1RRGOHV 1RRGOHV WRSSHG ZLWK VWULSV RI EHHI DQG NLQJ SUDZQV LQ D 6LQJDSRUH VW\OH FXUU\ VDXFH ZLWK RQLRQV EHDQ VSURXWV VSULQJ RQLRQV PXVKURRPV DQG UHG SHSSHUV

2DN )DUP ,QGLYLGXDO 0HDOV

&KLFNHQ $UUDELDWD 3HQQH 7HQGHU FKLFNHQ EUHDVW SLHFHV LQ D PLOGO\ VSLFHG VXQ ULSHQHG WRPDWR VDXFH ZLWK D KLQW RI UHG ZLQH VHUYHG ZLWK SHQQH SDVWD

&KLFNHQ &XUU\ ZLWKRXW 5LFH $ WUDGLWLRQDO PHGLXP VWUHQJWK FXUU\ ZLWK FKXQN\ SLHFHV RI WHQGHU FKLFNHQ EUHDVW

,QGLYLGXDO DQG 0XOWL 3RUWLRQ 0HDOV

&KLFNHQ &XUU\ ZLWKRXW ULFH V Â… HD

$ WUDGLWLRQDO PHGLXP VWUHQJWK FXUU\ ZLWK FKXQN\ SLHFHV RI WHQGHU FKLFNHQ EUHDVW

%ULWR SHGLD $OIUHGR 6DXFH RULJLQDWHV IURP 5RPH¶V $OIUHGR DOOD 6FURID UHVWDXUDQW DQG LV PDGH ZLWK FUHDP EXWWHU JDUOLF SDUVOH\ DQG 3DUPHVDQ FKHHVH

&RWWDJH 3LH

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

/HDQ PLQFHG EHHI VLPPHUHG LQ D KHDUW\ JUDY\ WKHQ WRSSHG ZLWK FUHDPHG SRWDWR DQG VSULQNOHG ZLWK FKHHVH

)LVKHUPDQ¶V 3LH $ FUHDP\ ULFK ¿VK VDXFH ZLWK SROORFN VDOPRQ DQG VPRNHG KDGGRFN OHHNV DQG GLOO DOO WRSSHG ZLWK PDVKHG SDUVOH\ SRWDWR DQG SUH EURZQHG

/DPE +RW 3RW 'LFHG ODPE LQ D ULFK VWRFN ZLWK YHJHWDEOHV SHDUO EDUOH\ KHUEV DQG VSLFHV DOO WRSSHG ZLWK VDXWp SRWDWRHV

/DVDJQH 9HUGL 2ULJLQDO (PLOH 7LVVRW $ W\SLFDO ,WDOLDQ UHFLSH RI EHVW TXDOLW\ OHDQ EHHI LQ D ULFK KHUE %RORJQHVH VDXFH OD\HUHG ZLWK VSLQDFK SDVWD DQG WRSSHG ZLWK EpFKDPHO VDXFH DQG SDUPHVDQ FKHHVH

0HDWEDOOV DQG /LQJXLQL 6XFFXOHQW EHHI PHDWEDOOV FRRNHG LQ D VSLFHG FKXQN\ WRPDWR VDXFH ZLWK D KLQW RI UHG ZLQH DQG VHUYHG ZLWK OLQJXLQL SDVWD

0RXVVDND $OO WKH DXWKHQWLF WH[WXUH DQG DURPD RI WKH *UHHN RULJLQDO ZLWK OHDQ PLQFHG ODPE DXEHUJLQHV WRPDWRHV SRWDWRHV DQG KHUEV WRSSHG ZLWK EpFKDPHO VDXFH DQG JUDWHG FKHHVH

&KLFNHQ 3DVWD $OIUHGR &KDU JULOOHG FKLFNHQ EUHDVW VWULSV LQ DQ $OIUHGR VDXFH ZLWK VOLFHG PXVKURRPV SDUPHVDQ DQG ZKLWH FKHGGDU FKHHVH ZLWK SHQQH SDVWD

7XQD DQG 3DVWD %DNH )UHVK SDVWD VKHOO VZHHW FRUQ DQG GROSKLQ IULHQGO\ WXQD DUH ERXQG ZLWK D FUHDP VDXFH DQG )UHQFK PXVWDUG DOO WRSSHG ZLWK WRPDWRHV &KHGGDU 0R]]DUHOOD DQG KHUEV

7XQD DQG 3DVWD %DNH V Â… HD

¶V

Â…

J Â…

)UHVK SDVWD VKHOO VZHHWFRUQ DQG GROSKLQ IULHQGO\ WXQD DUH ERXQG ZLWK D FUHDP VDXFH DQG )UHQFK PXVWDUG DOO WRSSHG ZLWK WRPDWRHV &KHGGDU 0R]]DUHOOD DQG KHUEV


1(:

7MRKETSVI 2SSHPIW

%P HIRXI RSSHPIW XSTTIH [MXL XIRHIV WXVMTW SJ FIIJ WYGGYPIRX OMRK TVE[RW ERH 7MRKETSVI WX]PI GYVV] WEYGI [MXL SRMSRW FIER WTVSYXW WTVMRK SRMSRW QYWLVSSQW ERH VIH TITTIVW \ K

1MGVS[EZI JVSQ *VS^IR QMRYXIW [ SV QMRYXIW [ +IRXP] WLEOI XLI TEGO ERH LIEX JSV E JYVXLIV QMRYXIW [ SV QMRYXIW [ 1MGVS[EZI JVSQ (IJVSWX QMRYXIW [ SV QMRYXIW [ +IRXP] WLEOI XLI TEGO ERH LIEX JSV E JYVXLIV QMRYXIW [ SV QMRYXIW [

%PWS %ZEMPEFPI MR )EW] 8MKIV %PWS %ZEMPEFPI 'LMGOIR /SVQE 'LMGOIR 8MOOE ERH :IKIXEFPI &EPXM )EW] 8MKIV 'YVV]W 'LMGOIR /SVQE 'LMGOIR 8MOOE ERH :IKIXEFPI &EPXM )EW] 8MKIV 'YVV]W


,QGLYLGXDO DQG 0XOWL 3RUWLRQ 0HDOV

$XWKHQWLF ,QGLDQ ,QGLYLGXDO 0HDOV

&KLFNHQ %DOWL

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

VLQJOH S

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

7HQGHU SLHFHV RI FKLFNHQ FRRNHG LQ D ULFK VSLF\ PHGLXP KRW VDXFH ZLWK PL[HG SHSSHUV DQG RQLRQV %ULWR SHGLD %DOWL LV D QRUWKHUQ 3DNLVWDQ ZRUG IRU D µFRRNLQJ EXFNHW¶ DQG GHVFULEHV D VW\OH RI µRQH SRW¶ FRRNLQJ

&KLFNHQ -DOIUH]L 6HOHFWHG SLHFHV RI WHQGHU FKLFNHQ LQ D ]HVW\ PHGLXP VSLFHG VDXFH ZLWK VOLFHG SHSSHUV WRPDWRHV DQG RQLRQV

&KLFNHQ .RUPD 3LHFHV RI WHQGHU FKLFNHQ LQ D PLOG FUHDP\ .RUPD VDXFH

&KLFNHQ 7LNND 0DVDOD 7HQGHU SLHFHV RI URDVWHG WDQGRRUL FKLFNHQ WLNND EUHDVW FRRNHG LQ D FODVVLF EXWWHU FUHDP VDXFH ZLWK PDVDOD VSLFHV

7KDL *UHHQ &KLFNHQ &XUU\ 7HQGHU SLHFHV RI SULPH FKLFNHQ LQ D FUHDP\ PHGLXP VSLFHG VDXFH ZLWK JUHHQ SHSSHUV DQG 7KDL VSLFHV

0U 'DYH¶V $XWKHQWLF %DOWL 0HDOV

&KLFNHQ %DOWL +DQG SURGXFHG ZLWK WHQGHU SLHFHV RI FKLFNHQ EUHDVW LQ 0U 'DYH¶V IDPRXV %DOWL VDXFH ZLWK IUHVK JDUOLF FRULDQGHU OHDYHV

&KLFNHQ -DOIUH]L

&KLFNHQ .RUPD V Â… HD

6XFFXOHQW FKLFNHQ EUHDVW SLHFHV LQ D PLOG FUHDP\ FRFRQXW .RUPD FXUU\ VDXFH

7HQGHU FKLFNHQ SLHFHV LQ D KRW DQG VSLF\ VDXFH ZLWK JLQJHU

&KLFNHQ .RUPD 6XFFXOHQW FKLFNHQ EUHDVW SLHFHV LQ D PLOG FUHDP\ FRFRQXW .RUPD FXUU\ VDXFH

&KLFNHQ 7LNND 0DVDOD 2XU VXFFXOHQW FKLFNHQ EUHDVW PHDW LV HQJXOIHG E\ D ULFK FUHDP\ VDXFH FUHDWHG ZLWK IUHVK FUHDP JDUOLF JLQJHU DQG FUHDPHG FRFRQXW

7KDL 5HG &KLFNHQ &XUU\ 7HQGHU FKLFNHQ EUHDVW LQ D KRW DQG VSLF\ VDXFH FRQWDLQLQJ DXWKHQWLF LQJUHGLHQWV LQFOXGLQJ OHPRQ JUDVV FRULDQGHU ¿VK VDXFH DQG H[WUD KRW UHG FKLOOLHV

/DPE %DOWL 6XFFXOHQW ODPE SLHFHV LQ DQ DXWKHQWLF VSLF\ VDXFH ZLWK FRULDQGHU

,QGLYLGXDO DQG 0XOWL 3RUWLRQ 0HDOV

Y 9HJHWDEOH %DOWL $ YHJHWDULDQ IHDVW LQFOXGLQJ EHDQV FKLFNSHDV VZHHW FRUQ PXVKURRPV DQG SRWDWRHV ¿QLVKHG ZLWK IUHVK JDUOLF DQG FRULDQGHU

Y 1DDQ %UHDG URXQG ´ GLD DSSUR[

.. :KROHIRRGV µ5HSXWDWLRQ %XLOGHU¶ 0HDOV

/DPE %HDQ +RWSRW V Â…

0LQFHG ODPE DQG EDNHG EHDQV LQ D JUDY\ VDXFH WRSSHG ZLWK VDXWHHG SRWDWRHV DQG RQLRQ

,I \RX WKLQN DOO WKH EHVW FKLFNHQ GLVKHV KDYH DOUHDG\ EHHQ GRQH WU\ WKHVH IRXU ZH WKLQN \RX¶OO EH SURXG WR VHUYH WKHP « DQG WKH 5HG 7KDL .LQJ 3UDZQ FXUU\ LV WR GLH IRU

&KLFNHQ LQ :KLWH :LQH DQG 0XVKURRP 6DXFH &KLFNHQ EUHDVWV VPRWKHUHG LQ D PXVKURRP ZKLWH ZLQH DQG SDUVOH\ VDXFH

&KLFNHQ 0HGLWHUUDQHDQ %UHDVWV RI FKLFNHQ ZLWK D FDVVRXOHW RI JUHHQ SHSSHUV VXQ GULHG WRPDWRHV DQG ROLYHV LQ WRPDWR DQG UHG ZLQH VDXFH ZLWK EDVLO URVHPDU\ DQG WK\PH

*UHHQ 7KDL &KLFNHQ &XUU\ $ GHOLFDWH EOHQG RI PHGLXP 7KDL VSLFHV ZLWK OLPH OHDYHV DQG WHQGHU SLHFHV RI FKLFNHQ EUHDVW

/DPE DQG %HDQ +RW 3RW 0LQFHG ODPE DQG EDNHG EHDQV LQ D JUDY\ VDXFH WRSSHG ZLWK VDXWpHG SRWDWRHV DQG RQLRQ

5HG 7KDL .LQJ 3UDZQ &XUU\ 6XFFXOHQW NLQJ SUDZQV VHUYHG LQ DQ DXWKHQWLF 7KDL UHG FXUU\ VDXFH ZLWK EDPERR VKRRWV UHG SHSSHU NDI¿U OLPH OHDYHV DQG LQIXVHG ZLWK 7KDL EDVLO

6HDIRRG )ORUHQWLQH 6PRNHG KDGGRFN VDOPRQ DQG NLQJ SUDZQV LQ D FKHHV\ )ORUHQWLQH VDXFH WRSSHG ZLWK FUXVKHG SRWDWRHV DQG 'DYLVWRZ &KHGGDU FKHHVH

6HDIRRG )ORUHQWLQH V Â…

6PRNHG KDGGRFN VDOPRQ DQG NLQJ SUDZQV LQ D FKHHV\ )ORUHQWLQH VDXFH WRSSHG ZLWK FUXVKHG SRWDWRHV DQG 'DYLVWRZ &KHGGDU FKHHVH


3HVWR &KLFNHQ

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J Â…

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

%UHDVW RI FKLFNHQ ¿OOHG ZLWK UHG SHVWR VSLQDFK EDVLO FKHUYLO DQG JUDWHG FKHHVH VWXI¿QJ ZUDSSHG LQ 6HUUDQR KDP VHUYHG LQ D 0HGLWHUUDQHDQ VDXFH ZLWK UHG DQG \HOORZ SHSSHUV URDVWHG RQLRQV DQG JDUOLF

:RRGODQG &KLFNHQ 6XFFXOHQW EUHDVW RI FKLFNHQ KDQG ¿OOHG ZLWK EDFRQ SDWH ZUDSSHG LQ 6HUUDQR KDP FRRNHG LQ D VDXFH RI ZRRGODQG PXVKURRPV UHG ZLQH DQG EUDQG\

%DU )RRGV 0HDOV

Y 0XVKURRP DQG 6SLQDFK 6WURJDQRII 0XVKURRPV LQ D FUHDP\ VWURJDQRII VDXFH ZLWK VSLQDFK DQG EXWWHUQXW VTXDVK

3RUN ZLWK 0XVKURRP DQG %DFRQ 6DXFH 7HQGHU SRUN VWHDN LQ D FUHDP\ PXVKURRP DQG WDUUDJRQ ÀDYRXUHG VDXFH

Y 4XRUQ &KLOOL 4XRUQ PLQFH LQ D PLOG VSLFHG WRPDWR FKLOOL VDXFH ZLWK YLVLEOH SHSSHUV DQG NLGQH\ EHDQV

3HVWR &KLFNHQ V Â… HD

&KLFNHQ EUHDVW ¿OOHG ZLWK UHG SHVWR VSLQDFK EDVLO FKHUYLO DQG JUDWHG FKHHVH VWXI¿QJ ZUDSSHG LQ 6HUUDQR KDP VHUYHG LQ D 0HGLWHUUDQHDQ VDXFH ZLWK UHG DQG \HOORZ SHSSHUV URDVWHG RQLRQV DQG JDUOLF

6ZHHW DQG 6RXU &KLFNHQ 5RDVWHG FKLFNHQ SLHFHV LQ D YLEUDQW VZHHW DQG VRXU VDXFH ZLWK YLVLEOH SHSSHU DQG GLFHG FDUURW

0XOWL 3RUWLRQ 7UD\V

,QGLYLGXDO DQG 0XOWL 3RUWLRQ 0HDOV

&ODVVLF &XLVLQH 0HDOV

7KHVH PXOWL SRUWLRQ IRLO WUD\V ZLOO VHUYH VL[ SRUWLRQV R] 6HYHUDO WUD\V FDQ EH UH KHDWHG DW RQFH LQ DQ RYHQ RU WKH\ FDQ EH WKDZHG LQ D IULGJH DQG VLQJOH SRUWLRQV FDQ WKHQ EH UH KHDWHG LQ D PLFURZDYH XVLQJ D FHUDPLF FRQWDLQHU

&KLFNHQ &XUU\

WUD\V Â…

J Â…

WUD\V Â…

J Â…

WUD\V Â…

J Â…

WUD\V Â…

J

3LHFHV RI FKLFNHQ EUHDVW LQ D JHQWO\ VSLFHG VDXFH RI JLQJHU OHPRQ MXLFH WRPDWRHV RQLRQV DQG SXUH FRFRQXW FUHDP

&KLFNHQ 7LNND 0DVDOD 3LHFHV RI FKLFNHQ EUHDVW LQ D FUHDP\ \RJKXUW 0DVDOD VDXFH ZLWK FRULDQGHU

&RWWDJH 3LH 0LQFHG EHHI EDWRQ FDUURWV DQG RQLRQV LQ D ULFK VDYRXU\ JUDY\ WRSSHG ZLWK D VHDVRQHG PDVKHG SRWDWR

/DVDJQH 9HUGL

S

6KHHWV RI IUHVK SDVWD OD\HUHG ZLWK D PHDW\ %RORJQHVH VDXFH DQG WRSSHG ZLWK FUHDP\ EpFKDPHO VDXFH

)LVK )LOOHWV 6WHDNV DQG )LVK 6KDSHV /DVDJQH 9HUGL WUD\V S SWQ

3ODLQ )LVK )LOOHWV

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

&RG )LOOHWV VNLQ RQ J R]

&RG )LOOHWV VNLQ RQ J R]

&RG )LOOHWV VNLQ RQ J R]

&RG )LOOHWV VNLQ RQ J R]

NJ Â…

¿OOHW

S

NJ Â…

¿OOHW

S

NJ Â…

¿OOHW Â…

NJ Â…

¿OOHW Â…

&RG )LOOHWV ± VNLQOHVV J R]

&RG )LOOHWV ± VNLQOHVV J R]

NJ Â…

¿OOHW Â…

NJ

Â…

¿OOHW Â…

3ODLFH )LOOHWV VNLQ RQ J R] 3ODLFH )LOOHWV VNLQ RQ J R]

NJ Â…

¿OOHW Â…

NJ Â…

¿OOHW Â…

6DOPRQ )LOOHWV 6NLQOHVV ERQHOHVV J R]

SWQ

Â…

¿OOHW Â…

6DOPRQ )LOOHWV 6NLQOHVV ERQHOHVV J R]

SWQ

Â…

¿OOHW Â…

6DOPRQ )LOOHWV 6NLQOHVV ERQHOHVV J R]

SWQ

Â…

¿OOHW Â…

6HDEDVV )LOOHWV J R]

[ ¶V

Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

VWHDN Â…

¶V

Â…

VWHDN Â…

¶V

Â…

VWHDN Â…

6KHHWV RI IUHVK SDVWD OD\HUHG ZLWK D PHDW\ %RORJQHVH VDXFH DQG WRSSHG ZLWK FUHDP\ EHFKDPHO VDXFH

3ODLQ )LVK 6WHDNV 7XQD )LVK 6WHDNV V Â… HD

0LQ 3DFN

+DOLEXW 6WHDNV J R]

6DOPRQ 6WHDNV J R]

6DOPRQ 6WHDNV J R]

6ZRUG¿VK 6WHDNV J R]

7XQD )LVK 6WHDNV J R]

¿OOHW Â…

OE

Â…

VWHDN Â…

¶V

Â…

VWHDN Â…

)LVK )LOOHWV 6WHDNV DQG )LVK 6KDSHV

)LVK 3ULFHV DUH FRUUHFW ZKHQ SULQWHG EXW VXEMHFW WR PDUNHW FKDQJH


)LVK )LOOHWV 6WHDNV DQG )LVK 6KDSHV

3ODLQ :KROH )LVK

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SHU NJ

3 2 $

¿VK

3 2 $

NJ

3 2 $

¿VK

3 2 $

SHU NJ

3 2 $

¿VK

3 2 $

NJ

Â…

¿VK

Â…

NJ

Â…

¿VK

Â…

0LQ 3DFN

3DFN 3ULFH

)UHVK RU IUR]HQ SUH RUGHU E\ SP 7KXUVGD\ IRU GHOLYHU\ WKH IROORZLQJ ZHHN

5DLQERZ 7URXW 0HGLXP J R]

5DLQERZ 7URXW /DUJH J R]

2XU 5DLQERZ 7URXW DUH ZKROH JLOOHG JXWWHG DQG ORRVH IUR]HQ

6PRNHG )LVK

0DFNHUHO )LOOHWV J R]

0DFNHUHO 3HSSHUHG )LOOHWV J R]

7URXW )LOOHWV .LOQ 6PRNHG J R]

3RUWLRQ 3WQ 6L]H FRVW

NJ Â…

¿OOHW

S

NJ Â…

¿OOHW

S

[ J

Â…

¿OOHW Â…

OLJKWO\ NLOQ VPRNHG ¿OOHWV YDFXXP SDFNHG WRJHWKHU DQG UHDG\ WR WKDZ DQG VHUYH

6FRWFK 6PRNHG 6DOPRQ 6OLFHV 9DF SDF

J

Â…

J

Â…

6FRWFK 6PRNHG 6DOPRQ UHDG\ VOLFHG 6LGHV 9DF SDF

.J

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

¿OOHW

S

%DWWHUFULVS 6NLQOHVV &RG J R]

%DWWHUFULVS 6NLQOHVV &RG J R]

%DWWHUFULVS 6NLQOHVV &RG J R]

%DWWHUFULVS 6NLQOHVV &RG J R]

%DWWHUFULVS 6NLQOHVV &RG J R]

¶V

Â…

¿OOHW

S

¶V

Â…

¿OOHW

S

¶V

Â…

¿OOHW

S

¶V

Â…

¿OOHW

S

¶V

Â…

¿OOHW Â…

¶V

Â…

¿OOHW Â…

¶V

Â…

¿OOHW Â…

%DWWHUFULVS 6NLQ RQ &RG J R]

%DWWHUFULVS 6NLQ RQ &RG J R]

%DWWHUFULVS 6NLQ RQ &RG J R]

¶V

Â…

¿OOHW Â…

%DWWHUFULVS 6NLQOHVV +DGGRFN J R]

¶V

Â…

¿OOHW

S

%DWWHUFULVS 6NLQOHVV +DGGRFN J R]

¶V

Â…

¿OOHW

S

%DWWHUFULVS 6NLQOHVV +DGGRFN J R]

¶V

Â…

¿OOHW

S

%DWWHUFULVS 6NLQ RQ +DGGRFN J R]

¶V

Â…

¿OOHW Â…

:KLWH )LVK %DWWHUHG DQG ERQHOHVV J R] ¶V

Â…

¿OOHW

)LVK )LOOHWV ,Q %DWWHU

%DWWHUHG +DGGRFN 6PDOO )U\ J R]

3RUWLRQ 3WQ 6L]H FRVW

6PRNHG 6DOPRQ J Â… SWQ

9DF SDF VOLFHV IRU \RXU FRQYHQLHQFH

6NLQQHG DQG ERQHG PLQL ¿OOHWV RI +DGGRFN LGHDO IRU VPDOOHU DSSHWLWHV

)LVK )LOOHWV 6WHDNV DQG )LVK 6KDSHV

'RYHU 6ROH ZKROH ¿VK J R]

/HPRQ 6ROH ZKROH ¿VK J R]

6DOPRQ 6FRWWLVK +HDG RQ NJ OE

0LQ 3DFN

S

%DWWHUFULVS ¿OOHWV DUH ZD\ FRRN GHHS IU\ RYHQ EDNH RU JULOO 0LQ 3DFN

3DFN 3ULFH

¶V

Â…

¿OOHW

S

¶V

Â…

¿OOHW

S

¶V

Â…

¿OOHW

S

&RG )LOOHWV LQ 1DWXUDO &UXPE J R]

&RG )LOOHWV LQ 1DWXUDO &UXPE J R]

&RG )LOOHWV LQ 1DWXUDO &UXPE J R]

&RG )LOOHWV LQ 1DWXUDO &UXPE J R]

¶V

Â…

¿OOHW

S

+DGGRFN )LOOHWV LQ 1DWXUDO &UXPE J R]

¶V

Â…

¿OOHW

S

+DGGRFN )LOOHWV LQ 1DWXUDO &UXPE J R]

¶V

Â…

¿OOHW

S

+DGGRFN )LOOHWV LQ 1DWXUDO &UXPE J R]

¶V

Â…

¿OOHW

S

3ODLFH )LOOHWV LQ 1DWXUDO &UXPE J R]

¶V

Â…

¿OOHW

S

3ODLFH )LOOHWV LQ 1DWXUDO &UXPE J R]

¶V

Â…

¿OOHW

S

3ODLFH )LOOHWV LQ 1DWXUDO &UXPE J R]

¶V

Â…

¿OOHW

S

3ODLFH )LOOHWV LQ 1DWXUDO &UXPE J R]

¶V

Â…

¿OOHW

S

3ODLFH )LOOHWV LQ 1DWXUDO &UXPE J R]

¶V

Â…

¿OOHW Â…

3ODLFH )LOOHWV LQ 1DWXUDO &UXPE J R]

¶V

Â…

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

J

S

¶V

Â…

J

S

)LVK )LOOHWV ,Q 1DWXUDO &UXPE

)LVKFDNHV

6WDQGDUG &RG )LVKFDNHV J &RG DQG 6SLQDFK )LVKFDNHV J )LVKFDNH PDGH ZLWK WHQGHU ÀDNHV RI FRG ZLOWHG VSLQDFK 0HQGLS +LOOV JUDWHG FKHGGDU FKHHVH UHG DQG JUHHQ SHSSHUV FRDWHG LQ FULVS\ EUHDGFUXPEV OLVWLQJ FRQWLQXHG

%DWWHUFULVS &RG J V Â… HD

3RUWLRQ 3WQ 6L]H FRVW

¿OOHW Â… 3RUWLRQ 3WQ 6L]H &RVW

3ODLFH )LOOHWV LQ 1DWXUDO &UXPE J V S HD


&KLOOL &RG DQG 3UDZQ &DNHV J

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

J

S

¶V

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

$ VNLOIXO EOHQG RI 3UDZQV &RG DQG IUHVK SRWDWR ÀDYRXUHG ZLWK VZHHW FKLOOL DQG FRULDQGHU FRDWHG LQ D QDWXUDO FULVS\ FUXPE

6DOPRQ DQG 'LOO *RXUPHW )LVKFDNHV J 3LHFHV RI VDOPRQ IROGHG ZLWK URVWL SRWDWR DQG VHDVRQHG ZLWK GLOO /LJKWO\ GXVWHG WR SURYLGH HDV\ FRRNLQJ DQG D KRPHPDGH DSSHDUDQFH

6PRNHG +DGGRFN )LVK &DNHV J $ SHUIHFW EOHQG RI 6PRNHG +DGGRFN DQG IUHVK SRWDWR FRDWHG LQ D QDWXUDO FULVS\ FUXPE

7XQD DQG 0R]]DUHOOD )LVK &DNHV J )ODNHG 7XQD DQG GLFHG 0R]]DUHOOD EOHQGHG ZLWK IUHVK SRWDWR FRDWHG LQ D QDWXUDO FULVS\ FUXPE

7KDL &RG DQG 3UDZQ *RXUPHW )LVKFDNHV J 6RIW FRG ÀDNHV DQG SUDZQV DUH FRPELQHG ZLWK OHPRQ JUDVV JLQJHU VSLFHV DQG VKUHGGHG SRWDWR ZLWK D FULVS\ GXVWHG FRDWLQJ

$ FULVS URXQG FRULDQGHU FUXPE RXWHU SURWHFWV D FRDUVH WH[WXUHG FUDE FDNH FHQWUH

:HVW &RXQWU\ &UDE &DNHV J $ FULVS URXQG FRULDQGHU FUXPE RXWHU SURWHFWV D FRDUVH WH[WXUHG FUDE FDNH FHQWUH

:HVW &RXQWU\ &UDE &DNHV V S HD

)LVK )LQJHUV

:KLWH )LVK )LVK¿QJHUV J -XPER )LVK¿QJHUV LQ %DWWHU J

3RUWLRQ 3WQ 6L]H FRVW

2XU ¿VK ¿QJHUV DUH SURGXFHG IURP WKH KLJKHVW TXDOLW\ ¿VK ZKHWKHU UHJXODU ZKLWH ¿VK RU SUHPLXP PLQFHG FRG ZLWK ¿VK FRQWHQW DVVXUHG

)LVK *RXMRQV DQG 3ODWWHUV

&RG *RXMRQV /HPRQ 6ROH *RXMRQV 3ODLFH *RXMRQV

)LVK )LOOHWV 6WHDNV DQG )LVK 6KDSHV

)LVKFDNHV &RQWLQXHG

3RUWLRQ 3WQ 6L]H &RVW

NJ

Â…

J

S

J

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

¶V

Â…

J

S

NJ

Â…

J

S

J

Â…

J Â…

[ J Â…

J Â…

6WULSV RI &RG /HPRQ 6ROH RU 3ODLFH ¿OOHWV FRDWHG LQ D QDWXUDO FULVS\ FUXPE

%HHU %DWWHUHG &RG *RXMRQV 'HOLFDWHO\ FXW SLHFHV RI SULPH VNLQQHG DQG ERQHG FRG ¿OOHW OLJKWO\ FRDWHG LQ D ¿QH EHHU EDWWHU

6DOPRQ *RXMRQV ZLWK /LPH DQG &RULDQGHU

*ROGHQ :KDOHV )ODNHG ZKLWH ¿VK LQ WKH VKDSH RI D ZKDOH FRYHUHG LQ D JROGHQ FULVS\ FUXPE

&RGGLHV LQ &UXPEV NJ S SWQ

&RGGLHV LQ &UXPEV

$ERXW SLHFHV RI FRG ¿OOHW QXJJHWV LQ D OLJKW ZD\ FRRN FUXPE FRDWLQJ $ QDWXUDO KHDOWK\ DQG IXQ DOWHUQDWLYH WR ¿VK ¿QJHUV

$ERXW SLHFHV RI &RG ¿OOHW QXJJHWV LQ D OLJKW ZD\ FRRN FUXPE FRDWLQJ 7KH QDWXUDO KHDOWK\ DQG IXQ DOWHUQDWLYH WR ¿VK ¿QJHUV

6HDIRRG 3ODWWHU ZLWK 6FDPSL &KRLFH FXWV RI %DOWLF 3ODLFH ZKROHWDLO 6FDPSL 6FDOORSV DQG $ODVNDQ 3ROORFN LQ D FULVS\ QDWXUDO FUXPE

6HDIRRG 3ODWWHU ZLWK 6DOPRQ 6LQJOH SRUWLRQ SDFNV FRQWDLQ HDFK RI %HHU %DWWHUHG &RG JRXMRQ DQG +DGGRFN JRXMRQ %UHDGHG 3ODLFH JRXMRQ DQG 6DOPRQ ZLWK SDUVOH\ JRXMRQ

)LVKHUPDQ¶V 0HGOH\ J %,* SRUWLRQV

¶V

… “ J …

,QFOXGHV EUHDGHG 6DOPRQ SRUWLRQ EUHDGHG 3ODLFH SRUWLRQ EDWWHUHG &RG ¿OOHW DQG %DWWHUHG +DGGRFN JRXMRQV

3UHSDUHG )LVK 3URGXFWV

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

/X[XU\ )LVK 3LH

¶V

Â…

J Â…

¶V

Â…

¿OOHW Â…

¶V

Â…

¿VK

¶V

Â…

J Â…

6DOPRQ FKXQNV VPRNHG KDGGRFN SUDZQV DQG $ODVNDQ SROODFN LQ D FUHDP\ OHHN VDXFH WRSSHG ZLWK UHDO PDVKHG SRWDWR DQG VSULQNOHG ZLWK WRDVWHG EUHDGFUXPEV

+DGGRFN ZLWK /HPRQ DQG 3DUVOH\ 'XVWLQJ J 0RLVW DQG WHQGHU SDQ UHDG\ ¿OOHWV RI ¿QH KDGGRFN HQKDQFHG ZLWK D GHOLFDWH OHPRQ SDUVOH\ GXVWLQJ

3ODLFH 'LHSSH ZLWK 3UDZQ DQG 0XVKURRP

Â…

:KROH ERQHG SODLFH ¿OOHG ZLWK FROG ZDWHU SUDZQV DQG PXVKURRPV LQ ZKLWH ZLQH VDXFH DQG FRDWHG LQ QDWXUDO FULVS\ FUXPE /X[XU\ )LVK 3LH V Â… HD

6DOPRQ FKXQNV VPRNHG KDGGRFN SUDZQV DQG $ODVNDQ SROODFN LQ D FUHDP\ OHHN VDXFH WRSSHG ZLWK UHDO PDVKHG SRWDWR DQG VSULQNOHG ZLWK WRDVWHG EUHDGFUXPEV

6HDIRRG )ORUHQWLQH 6PRNHG KDGGRFN VDOPRQ DQG NLQJ SUDZQV LQ D FKHHV\ )ORUHQWLQH VDXFH WRSSHG ZLWK FUXVKHG SRWDWRHV DQG 'DYLVWRZ &KHGGDU FKHHVH

)LVK )LOOHWV 6WHDNV DQG )LVK 6KDSHV

6WULSV RI SULPH VDOPRQ ¿OOHWV LQ D OLJKW GXVWLQJ RI OLPH DQG FRULDQGHU


6HDIRGG 3UDZQV DQG 0ROOXVFV

3UDZQV

1RUZHJLDQ 3UDZQV SHU OE 1RUZHJLDQ /X[XU\ 3UDZQV SHU OE )DLUZD\ /X[XU\ 3UDZQV ORZ JOD]H SHU OE $UFWLF 5R\DO 3UDZQV ORZ JOD]H SHU OE $UFWLF 5R\DO 3UDZQV ORZ JOD]H SHU OE 5R\DO *UHHQODQG 3UDZQV ORZ JOD]H SHU OE

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

J

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

J

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

JP

Â…

5R\DO *UHHQODQG SUDZQV DUH KDUYHVWHG IURP WKH SROOXWLRQ IUHH ZDWHUV RI WKH $UFWLF WR SURGXFH WKH IUHVK GHOLFDWH WDVWH ¿UP WH[WXUH DQG GLVWLQFWLYH FRORXU WKDW KDV EHFRPH ZRUOG IDPRXV

6KHOO RQ 3UDZQV SHU NJ )XOO\ FRRNHG IXOO\ HYHU\WKLQJ KHDG WDLO ORDGV RI OHJV DQG ZKLVNHUV DQG XVXDOO\ D FRXSOH RI H\HV 3HUIHFW IRU GHFRUDWLQJ D VHDIRRG GLVK RU VHUYLQJ DV µD MXJ RI SUDZQV¶ WR SHRSOH ZKR HQMR\ D ¿QJHU ¿JKW ZLWK WKHLU IRRG -XVW WKDZ DQG VHUYH

.LQJ 3UDZQV

%XWWHUÀ\ %UHDGHG .LQJ 3UDZQV SHU OE

3RUWLRQ 3WQ 6L]H FRVW

J

S

&XW DQG ÀDWWHQHG NLQJ SUDZQV FRDWHG LQ OLJKW FUXQFK\ EUHDGFUXPEV 'HHS IU\

)LOR :UDSSHG .LQJ 3UDZQV SHU OE

6HOHFW IURP RXU UDQJH RI SUDZQV RQ WKH OHIW

JP

Â…

J

S

J

Â…

J

S

NJ

Â…

J

S

J

Â…

J

S

JP

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

J

Â…

J

S

J

Â…

J

S

3HHOHG ZDUP ZDWHU .LQJ 3UDZQV ZLWK WDLOV DQG ZUDSSHG LQ )LOR SDVWU\ 'HHS IU\

6KHOO RQ .LQJ 3UDZQV SHU OE 5DZ KHDGOHVV VKHOO RQ IUHVK ZDWHU SUDZQV $ERXW SHU SDFN

6NHZHUHG 7DLO RQ 3UDZQV )LYH UDZ GH YHLQHG VKHOO RII WDLO RQ SUDZQV VSHDUHG RQ D EDPERR VNHZHU (DFK VNHZHU ZHLJKV DSSUR[ J

7HPSXUD %DWWHUHG .LQJ 3UDZQV -XLF\ IXOO\ SHHOHG .LQJ 3UDZQV FRDWHG LQ D -DSDQHVH VW\OH JROGHQ WHPSXUD EDWWHU 'HHS IU\ IURP IUR]HQ LQ PLQXWHV DQG VHUYH KRW ZLWK D VZHHW DQG VRXU GLS DV D VWDUWHU RU PDLQ FRXUVH SRUWLRQ

7RUSHGR %UHDGHG .LQJ 3UDZQV SHU OE /DUJH VXFFXOHQW WDLO RQ .LQJ 3UDZQV GXVWHG ZLWK GHOLFDWH VSLFHV WKHQ FRDWHG LQ OLJKW -DSDQHVH VW\OH FUXPE 'HHS IU\ LQ PLQXWHV DQG VHUYH DV D VWDUWHU RU EXIIHW LWHP ZLWK JDUOLF PD\R GLS

&UHHO 3UDZQV &UHYHWWHV DQG 7LJHU 7DLOV

6HDIRGG 3UDZQV DQG 0ROOXVFV

*DUOLF DQG *LQJHU %UHDGHG &UHHO 3UDZQV +RW DQG 6SLF\ %UHDGHG &UHHO 3UDZQV

3RUWLRQ 3WQ 6L]H FRVW

7KHVH FUHHO SUDZQV DUH PDULQDWHG LQ WKHLU LQGLYLGXDO ÀDYRXUV DQG WKHQ EUHDGHG UHDG\ IRU \RX WR GHHS IU\ DQG VHUYH DV D VWDUWHU PDLQ FRXUVH RU FRPER SODWWHU LQ DERXW PLQXWHV

0HGLXP &UHYHWWHV SHU NJ

6NHZHUHG 7DLO RQ 3UDZQV NJ S HD VNHZHU

NJ

Â…

J

S

J

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

)LYH UDZ GH YHLQHG VKHOO RII WDLO RQ SUDZQV VSHDUHG RQ D EDPERR VNHZHU (DFK VNHZHU ZHLJKV DSSUR[ J

)XOO\ FRRNHG ORRVH IUR]HQ ODUJH SUDZQV FRPSOHWH ZLWK KHDGV DQG ZKLVNHUV OHW XV NQRZ LI \RX ¿QG RQH ZLWK D PRXVWDFKH /DUJH RQHV ZRXOG EH DERXW ´ ORQJ PHGLXPV DERXW ´ LI WKH\ ZHUH VWUDLJKW EXW EHLQJ SUDZQV WKH\ DUHQ¶W 7KDZ DQG VHUYH

7LJHU 7DLOV WDLO RQ SHHOHG &UHYHWWHV SHU OE )XOO\ FRRNHG WDLO RQ KHDGOHVV SHHOHG WLJHU &UHYHWWHV WKDZ DQG VHUYH

6FDPSL %UHDGHG DQG 3ODLQ

6LQJOH :KROHWDLO %UHDGHG 6FDPSL SHU OE

3RUWLRQ 3WQ 6L]H FRVW

6LQJOH ELWH VL]H QDWXUDO VFDPSL WDLOV FRDWHG LQ D FODVVLF QDWXUDO FUXPE FRDWLQJ

7ZLQQHG :KROHWDLO %UHDGHG 6FDPSL SHU OE $V DERYH EXW PDGH ZLWK WZR VPDOOHU ZKROH 6FDPSL WDLOV FRDWHG WRJHWKHU WR IRUP ELWH VL]H SLHFHV

*ROG &UXPE %UHDGHG 6FDPSL OE 6KDSHG :KLWE\ 6LQJOH :KROHWDLO %UHDGHG 6FDPSL :KLWE\ 6LQJOH :KROHWDLO %DWWHUFULVS 6FDPSL 3URGXFHG LQ WKH KLVWRULF HDVW FRDVW WRZQ RI :KLWE\ WKHVH VXFFXOHQW ZKROH VFDPSL WDLOV DUH FRDWHG LQ HLWKHU QDWXUDO FUXPEV RU D OLJKW FULVS\ EDWWHU

3ODLQ 3HHOHG -XPER 6FDPSL SHU OE 3ODLQ 3HHOHG 6HOHFW 6FDPSL SHU OE %ULWR SHGLD 6FDPSL LV WKH FXOLQDU\ QDPH IRU WKH 1RUZD\ OREVWHU ZKLFK LV IRXQG LQ WKH $GULDWLF $WODQWLF DQG ,ULVK 6HD KHQFH LWV ,ULVK QDPH RI 'XEOLQ %D\ 3UDZQ ,W LV FDOOHG 6FDPSR LQ ,WDO\ DQG /DQJRXVWLQH LQ )UDQFH

6LQJOH :KROHWDLO %UHDGHG 6FDPSL J S SWQ

6LQJOH ELWH VL]H QDWXUDO VFDPSL WDLOV FRDWHG LQ D FODVVLF QDWXUDO FUXPE FRDWLQJ


0XVVHOV LQ *DUOLF %XWWHU

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

[ J Â…

J Â…

[ J Â…

J Â…

6XFFXOHQW URSH JURZQ ,ULVK PXVVHOV FRRNHG ZKROH LQ D *DUOLF %XWWHU VDXFH DQG YDFXXP SDFNHG LQ VLQJOH J VHUYLQJV UHDG\ WR PLFURZDYH RU SDQ KHDW IURP IUR]HQ

0RXOHV 0DULQLHUH $V DERYH EXW LQ D VDYRXU\ ZKLWH ZLQH VDXFH ZLWK RQLRQV DQG KHUEV 0LFURZDYH IURP IUR]HQ LQ PLQXWHV DQG SHUIHFW WR VHUYH ZLWK DQ\ W\SH RI SDVWD

:KROH 0XVVHOV LQ 6KHOOV

NJ

Â…

J

S

NJ

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

J

Â…

J

S

¶V

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

)XOO\ FRRNHG DQG YDFXXP SDFNHG UHDG\ WR KHDW DQG VHUYH LQ \RXU RZQ LQLPLWDEOH VW\OH ZLWK VDXFH SDVWD VDODG FUXVW\ EUHDG RI \RXU FKRLFH

*UHHQ /LSSHG 0XVVHOV RQ +DOI 6KHOO )URP WKH FU\VWDO ZDWHUV RI 1HZ =HDODQG WKHVH URSH JURZQ PXVVHOV DUH ELJJHU MXLFLHU DQG FRPSOHWHO\ IUHH IURP VDQG RU JULW 6LPSO\ WKDZ DQG XVH

7KH 2WKHU 6HDIRRG 6WXII 0XVVHOV LQ *DUOLF %XWWHU [ J Â… SWQ

6XFFXOHQW URSH JURZQ PXVVHOV FRRNHG ZKROH LQ D JDUOLF EXWWHU VDXFH DQG YDFXXP SDFNHG LQ VLQJOH J VHUYLQJV UHDG\ WR PLFURZDYH RU SDQ KHDW IURP IUR]HQ

&UDEPHDW :KLWH :HVW &RXQWU\ &UDE &DNHV J

3RUWLRQ 3WQ 6L]H FRVW

$ FULVS URXQG FRULDQGHU FUXPE RXWHU SURWHFWV D FRDUVH WH[WXUHG FUDE FDNH FHQWUH

2FHDQ 6WL[ 0RFN .LQJ &UDE

&OHYHUO\ PDGH IURP 6XULPL GRQ¶W ZRUU\ LW¶V D ¿VK WR UHVHPEOH FUDEPHDW LQ DSSHDUDQFH WDVWH DQG WH[WXUH )XOO\ FRRNHG MXVW WKDZ DQG VHUYH DERXW SLHFHV SHU SDFN

6DUGLQHV /DUJH ORRVH IUR]HQ

6HDIRGG 3UDZQV DQG 0ROOXVFV

0LQ 3DFN

0XVVHOV

1DWXUDO ZKROH ¿VK MXVW WKDZ DQG SUHWHQG \RX FDXJKW WKHP \RXUVHOI

6FDOORSV 4XHHQ ZLWK 5RH 6TXLG 5LQJV &DODPDUHV LQ %DWWHU (YHU SRSXODU ZLWK UHPLQLVFLQJ 6SDQLVK KROLGD\PDNHUV DQG OHVV HIIRUW WR VHUYH WKDQ 3DHOOD MXVW D PLQXWH RU WZR LQ WKH IU\HU IURP IUR]HQ 6HUYH ZLWK VDODG EURZQ EUHDG DQG D ZHGJH RI IUHVK OHPRQ

6HDIRRG 6HOHFWLRQ &RQWDLQV SUDZQV PXVVHOV DQG VTXLG ULQJV ,GHDO IRU XVH LQ VDODGV RU ZLWK SDVWD

:KLWHEDLW 5HDG\ %ODQFKHG %ODQFKEDLW

&RRNHG &KLFNHQ 3RUWLRQV &RRNHG &KLFNHQ %UHDVW J Â… HD

%UHDVW 3RUWLRQV RQO\ J %UHDVW 3RUWLRQV RQO\ J 5RDVW 'RXEOH %UHDVW 6DGGOH J

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â… R] Â…

¶V

Â… R] Â…

¶V

Â… R] Â…

¶V

Â… R] S

¶V

… R] “ …

¶V

Â… R] Â…

¶V

Â… R] S

¶V

Â… R] Â…

$ ZKROH GRXEOH FKLFNHQ EUHDVW QDWXUDOO\ URDVWHG RQ WKH ERQH IRU IXOO VXFFXOHQW ÀDYRXU 0LFURZDYH IURP IUR]HQ RU WKDZ DQG VHUYH

0L[HG /HJV DQG %UHDVWV J &RRNHG +DOI &KLFNHQV J “ &RRNHG +DOI &KLFNHQV J 'UXPVWLFNV 3ODLQ 5RDVWHG DSSUR[ J

$OO RXU FRRNHG FKLFNHQ SRUWLRQV DUH ORRVH IUR]HQ DQG FDQ EH UHKHDWHG IURP IUR]HQ 6LPSO\ GHHS IU\ PLFURZDYH RU RYHQ EDNH RU MXVW WKDZ DQG VHUYH FROG

3LUL 3LUL +DOI &KLFNHQV J +DOI D FKLFNHQ UXEEHG ZLWK D SLUL SLUL JOD]H DQG JHQWO\ FRRNHG WR SURGXFH D PRLVW FKLFNHQ ZLWK D ¿HU\ SLUL SLUL VDXFH

0DQXIDFWXUHG &KLFNHQ 3URGXFWV

&KLFNHQ %UHDVW 6WULSV 3ODLQ FRRNHG &KLFNHQ %UHDVW 6WULSV 7LNND 5RDVW

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

NJ

Â…

J

S

NJ

Â…

J

S

[ NJ

Â…

J

S

¶V

Â…

J

S

¶V

Â…

HDFK

S

5HDG\ WR XVH IXOO\ FRRNHG ORRVH IUR]HQ EUHDVW PHDW IUHH IURP VNLQ DQG ERQH &KRRVH VWHDP FRRNHG RYHQ URDVW RU 7LNND PDULQDGH ÀDYRXU

&KLFNHQ :LQJV +RW µQ¶ 6SLF\ 'HOLFLRXV PLG DQG SULPH FXWV RI FKLFNHQ ZLQJV PDULQDWHG LQ D KRW EOHQG RI FKLOOLHV DQG VSLFHV $ERXW SHU NJ EDJ

3LUL 3LUL +DOI &KLFNHQV V Â… SWQ

+DOI D FKLFNHQ UXEEHG ZLWK D SLUL SLUL JOD]H DQG JHQWO\ FRRNHG WR SURGXFH D PRLVW FKLFNHQ ZLWK D ¿HU\ SLUL SLUL VDXFH

'UXPVWLFNV 3ODLQ 5RDVWHG DSSUR[ J

'UXPVWLFNV *ROGHQ %UHDGHG 1DWXUDO FKLFNHQ GUXPVWLFN FRDWHG LQ D VHDVRQHG EDWWHU DQG FUXPE 'HHS IU\ RU RYHQ EDNH VHUYH KRW RU FROG OLVWLQJ FRQWLQXHG

&KLFNHQ 7XUNH\ DQG 'XFNOLQJ


&KLFNHQ 7XUNH\ DQG 'XFNOLQJ

0DQXIDFWXUHG &KLFNHQ 3URGXFWV &RQWLQXHG

%DWWHUHG &KLFNHQ 6WHDN )LOOHWV J

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

NJ

Â…

J

S

NJ

Â…

J

S

:KROH PXVFOH FKLFNHQ EUHDVW ¿OOHWV ÀDWWHQHG DQG FRDWHG LQ DQ RYHQDEOH EDWWHU

1DWXUDO &KLFNHQ %LWHV LQ %DWWHU :KROH FKXQNV RI FKLFNHQ EUHDVW PHDW QRW UHIRUPHG FRDWHG LQ DQ RYHQDEOH EDWWHU

&KLFNHQ 1XJJHWV %DWWHUHG J

NJ

Â…

J

S

&KLFNHQ 1XJJHWV %UHDGHG J

NJ

Â…

J

S

¶V

Â…

J

S

)XOO\ FRRNHG ELWH VL]H QXJJHWV IRUPHG IURP FKLFNHQ PHDW DQG FRDWHG LQ HLWKHU D OLJKW FULVS\ EDWWHU RU FUXQFK\ EUHDGFUXPEV 'HHS IU\ RU RYHQ EDNH IURP IUR]HQ

&KLFNHQ %XUJHUV 3DWWLH %DWWHUHG J )RUPHG IURP QDWXUDO FKLFNHQ PHDW LQWR DQ RYDO SDWWLH DQG FRDWHG LQ D OLJKW FULVS\ EDWWHU LW LV SHUIHFW LQ D EXQ DV D FKLFNHQ EXUJHU RU SODWHG ZLWK FKLSV DQG SHDV RU VDODG

&KLFNZLFK %XUJHU LQ +RW DQG 6SLF\ %DWWHU

¶V

Â…

HDFK

S

&KLFNZLFK 'LSSHU +RW DQG 6SLF\ %DWWHU

NJ

Â…

J

S &KLFNHQ 1XJJHWV %UHDGHG NJ S SWQ

&KLFNZLFK LV D UDQJH RI IRUPHG FKLFNHQ EUHDVW PHDW SURGXFWV LQ D FULVS\ EDWWHU FRDWLQJ

+RW µQ .LFNLQ¶ &KLFNHQ 6WHDN

¶V

Â…

J

S

NJ

Â…

J

S

S

+RW µQ .LFNLQ¶ LV D UDQJH RI IXOO\ FRRNHG FKLFNHQ SURGXFWV LQ D VSLF\ KRW FULVS\ FRDWLQJ µ6WHDNV¶ DUH IRUPHG IURP SLHFHV RI EUHDVW PHDW 2YHQ EDNH RU GHHS IU\ LQ PLQXWHV

&KLFNHQ %UHDVW *RXMRQV %UHDGHG

)XOO\ FRRNHG ELWH VL]H QXJJHWV IRUPHG IURP FKLFNHQ PHDW DQG FRDWHG LQ FUXQFK\ EUHDGFUXPEV 'HHS IU\ RU RYHQ EDNH IURP IUR]HQ

3UH FRRNHG FKLFNHQ LQQHU EUHDVW ¿OOHW ZLWK D OLJKW FULVS\ FUXPE FRDWLQJ 3HUIHFW IRU EXIIHWV VWDUWHUV DQG D PLVFHOODQ\ RI PDLQ PHDO RSSRUWXQLWLHV

5HG &KLOOL DQG *LQJHU *RXMRQV

NJ

Â…

J

5HG &KLOOL DQG *LQJHU (VFDORSH

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J Â…

¶V

Â…

J Â…

7KHVH GHOLFLRXVO\ GLIIHUHQW SURGXFWV DUH IXOO\ FRRNHG DQG FDQ EH PLFURZDYHG RU UH KHDWHG IURP IUR]HQ LQ DQ RUGLQDU\ RYHQ

&KLFNHQ 6KDSHV

&KLFNHQ 7HGGLHV

&KLFNHQ .LHY DQG &RUGRQ %OHX

/X[XU\ &KLFNHQ .LHY QDWXUDO DQG ERQHOHVV

J

S

7KHVH VNLQOHVV EUHDVWV RI FKLFNHQ DUH ¿OOHG ZLWK IUHVK SDUVOH\ DQG JDUOLF EXWWHU WKHQ EUHDGFUXPEHG DQG OLJKWO\ EODQFKHG LQ RLO WR VHDO WKH QDWXUDO MXLFHV

&KLFNHQ 7XUNH\ DQG 'XFNOLQJ

$ VNLQOHVV EUHDVW RI FKLFNHQ ZLWK WKH VSULJ ERQH OHIW RQ ¿OOHG ZLWK IUHVK SDUVOH\ DQG JDUOLF EXWWHU EUHDGFUXPEHG DQG OLJKWO\ EODQFKHG LQ RLO WR VHDO WKH QDWXUDO MXLFHV

&KLFNHQ .LHY SULPH VKDSHG EUHDVW SDUFHOV

5HG &KLOOL *LQJHU (VFDORSH V Â… HD

¶V

Â…

J Â…

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

7KHVH GHOLFLRXVO\ GLIIHUHQW SURGXFWV DUH IXOO\ FRRNHG DQG FDQ EH PLFURZDYHG RU UH KHDWHG IURP IUR]HQ LQ DQ RUGLQDU\ RYHQ

6HOHFWHG SLHFHV RI FKLFNHQ FKRSSHG DQG VKDSHG WKHQ ¿OOHG ZLWK JDUOLF EXWWHU DQG FRDWHG LQ JROGHQ EUHDGFUXPEV

&KLFNHQ &RUGRQ %OHX VKDSHG 6HOHFWHG SLHFHV RI FKLFNHQ FKRSSHG DQG VKDSHG ¿OOHG ZLWK PDWXUH FKHGGDU FKHHVH DQG KDP WKHQ FRDWHG LQ JROGHQ EUHDGFUXPEV

%XWWHUÀ\ &KLFNHQ %UHDVWV

3ODLQ DQG 6LPSOH %XWWHUÀ\ %UHDVW

¶V

Â… J Â…

&DMXQ %XWWHUÀ\ %UHDVW

¶V

Â… J Â…

¶V

Â… J Â…

%ULWR SHGLD &DMXQV DUH DQ HWKQLF JURXS IURP WKH IRUPHU $FDGLDQ DUHD RI &DQDGD ZKR QRZ PRVWO\ LQKDELW 6RXWK /RXLVLDQD 7KHLU FXLVLQH LV UXUDO VHDVRQHG RIWHQ VSLF\ DQG WHQGV WR EH KHDUW\

*DUOLF DQG +HUE %XWWHUÀ\ %UHDVW %RQHOHVV VNLQOHVV UDZ GRXEOH FKLFNHQ EUHDVWV HLWKHU SODLQ RU PDULQDWHG LQ WKH WZR ÀDYRXUV VKRZQ DERYH 2YHQ EDNH RU JULOO

0DWWKHZV 7XUNH\ 3URGXFWV

&ULVS\ &UXPE 7XUNH\ %XUJHUV

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

3RUWLRQ 3WQ 6L]H FRVW

J

S

3URGXFHG E\ %HUQDUG 0DWWKHZV XVLQJ PRVWO\ WXUNH\ EUHDVW PHDW ZLWK VRPH OHJ PHDW SRUN DQG VHDVRQLQJ LQ D FULVS\ FUXPE FRDWLQJ 'HHS IU\ RYHQ RU JULOO IURP IUR]HQ

/X[XU\ &KLFNHQ .LHY ± ERQH LQ

)XQ 6KDSHV 7XUNH\ 'LQRVDXUV

7XUNH\ 'LQRVDXUV V S HD

¶V

Â…

J

S

,GHDO IRU FKLOGUHQ V PHQXV


7XUNH\ 6DGGOH &RRNHG %RQHOHVV

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

NJ Â…

J

S

NJ Â…

J

S

$ ZKROH QDWXUDO UHDG\ FRRNHG ERQHOHVV 7XUNH\ EUHDVW FRPSOHWH ZLWK VNLQ DQG UHDG\ WR FDUYH

(DV\FDUYH 5DZ -RLQWV %UHDVW 2QO\ 7KHVH QDWXUDO ERQHOHVV WXUNH\ MRLQWV DUH SDFNHG LQ URDVWLQJ EDJV UHDG\ IRU \RXU RYHQ

0LQ 3DFN

'XFN 3RUWLRQV

5RDVW +DOI 'XFN 3RUWLRQ J

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

… J“ …

¶V

… J“ …

$ GHOLFLRXV KDOI RI D WHQGHU KRQH\ URDVW GXFNOLQJ ZKLFK LV IXOO\ WULPPHG DQG LQGLYLGXDOO\ YDFXXP SDFNHG IRU PD[LPXP FRQYHQLHQFH 6HUYH ZLWK D WDQJ\ IUXLW VDXFH DQG YHJHWDEOHV IRU FODVVLF GLQQHU PHQX RU ZLWK VDODG IRU D OLJKWHU OXQFK 0LFURZDYH RYHQ RU SDQ KHDW IURP IUR]HQ

'XFN )LOOHW D O¶2UDQJH $ SULPH ERQHOHVV SRUWLRQ RI UDZ GXFNOLQJ ¿OOHW FRPSOHPHQWHG ZLWK D ULFK WDQJ\ RUDQJH VDXFH 6FRUH VNLQ DQG SODFH LQ SUHKHDWHG RYHQ IRU PLQXWHV

5RDVW +DOI 'XFN 3RUWLRQ V Â…

$ GHOLFLRXV KDOI RI D WHQGHU KRQH\ URDVW GXFNOLQJ ZKLFK LV IXOO\ WULPPHG DQG LQGLYLGXDOO\ YDFXXP SDFNHG IRU PD[LPXP FRQYHQLHQFH 0LFURZDYH RYHQ RU SDQ KHDW IURP IUR]HQ

0HDW 6HOHFWLRQ

6WHDNZLFK 6DQGZLFK 6WHDNV J R]

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

J Â…

J

S

&KRSSHG EHHI IRUPHG LQWR D WKLQ VDQGZLFK VWHDN UHDG\ WR JULOO JULGGOH RU VKDOORZ IU\ IURP IUR]HQ

5LEV DQG :LQJV

%%4 %XIIHW 5LEV ± J

&KLFNHQ 7XUNH\ DQG 'XFNOLQJ

7XUNH\ %UHDVWV &RRNHG DQG 5DZ

)LYH %%4 ULEV LQ DQ DXWKHQWLF VPRNH\ %%4 VDXFH *UHDW IRU VWDUWHUV RU WDSDV

)XOO 5DFN RI %%4 3RUN 5LEV J R]

+DOI 5DFN RI %%4 3RUN 5LEV J R]

SWQ

Â…

J Â…

SWQ

Â…

J Â…

SWQ

Â…

J Â…

[ NJ

Â…

J

0LQ 3DFN

3DFN 3ULFH

6PRWKHUHG LQ DQ LPSRUWHG %%4 VDXFH WKHVH KDOI DQG IXOO UDFNV RI SRUN ULEV DUH VORZ FRRNHG WR HQVXUH D WHQGHU VXFFXOHQW HDW

:LQJ DQG 5LE &RPEL 3DFN ± J 6L[ FRRNHG VLQJOH MRLQW FKLFNHQ ZLQJV DQG VL[ SRUN ULEV LQ DQ DXWKHQWLF VPRNH\ %%4 VDXFH

&KLFNHQ :LQJV +RW µQ¶ 6SLF\

S

'HOLFLRXV PLG DQG SULPH FXWV RI FKLFNHQ ZLQJV PDULQDWHG LQ D KRW EOHQG RI FKLOOLHV DQG VSLFHV $ERXW SHU NJ EDJ

%HHIEXUJHUV 5HVWDXUDQW %HHIEXUJHU %HHI V S HD

6FRUHG %HHIEXUJHUV %HHI J R]

6FRUHG %HHIEXUJHUV %HHI J R]

6FRUHG %HHIEXUJHUV %HHI J R]

6FRUHG %HHIEXUJHUV %HHI J R]

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

2XU VFRUHG %HHIEXUJHUV DUH GHVLJQHG IRU TXLFN FRRNLQJ IURP IUR]HQ RQ D JULOO RU JULGGOH 7KH\ DUH PDGH LQ DQ RYDO VKDSH VR WKDW WKH\ VKULQN EDFN WR URXQG ZKHQ FRRNHG WR ¿W LQ RXU EXUJHU EXQV

$ UHDOO\ VXFFXOHQW MXLF\ SURGXFW ZLWK D XQLTXH VKDSH IRU WKDW KRPH VW\OH DSSHDUDQFH

5HVWDXUDQW %HHIEXUJHU %HHI J R] $ UHDOO\ VXFFXOHQW MXLF\ SURGXFW ZLWK D XQLTXH VKDSH IRU WKDW KRPH VW\OH DSSHDUDQFH

-XPER %HHIEXUJHUV %HHI J R]

$EHUGHHQ $QJXV %HHIEXUJHU J R] +DQG IRUPHG IURP $EHUGHHQ $QJXV EHHI $ UHDOO\ VXFFXOHQW MXLF\ SURGXFW ZLWK D PHDW\ WH[WXUH DQG KRPH VW\OH VKDSH

6DXVDJHV DQG 6WXI¿QJ %DOOV

2XU FDWHULQJ 3RUN 3RUN %HHI DQG &RFNWDLO 3RUN VDXVDJHV RIIHU H[FHOOHQW TXDOLW\ DQG YDOXH IRU PRQH\ )U\ JULOO RU RYHQ EDNH

3RUN 6DXVDJH -XPER SHU OE 3RUN 6DXVDJH 7KLFN SHU OE 3RUN DQG %HHI 6DXVDJH -XPER SHU OE 3RUN DQG %HHI 6DXVDJH 7KLFN SHU OE 3RUN &RFNWDLO SHU OE

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

2XU FDWHULQJ 3RUN 3RUN DQG %HHI DQG &RFNWDLO 3RUN VDXVDJHV RIIHU H[FHOOHQW TXDOLW\ DQG YDOXH IRU PRQH\ 7KH\ FDQ EH IULHG JULOOHG RU RYHQ EDNHG WR VXLW \RXU VLWXDWLRQ

*LOOV 3RSXODU -XPER 6DXVDJH SHU OE *LOOV 3RSXODU 7KLFN 6DXVDJH SHU OE OLVWLQJ FRQWLQXHG

0HDW 6HOHFWLRQ

:H WKLQN (OYLV ZRXOG DSSURYH WKLV .LQJ RI %HHIEXUJHUV EHHI VHDVRQLQJ DQG D IXOO R] \RX FDQ EH VXUH WKHVH EHHIEXUJHUV ZLOO ¿OO \RXU EXQV \RXU FXVWRPHUV DQG \RXU WLOO


*EMV[E] 'PEWWMGW &IIJ 6IWXEYVERX &YVKIV -RXVSHYGMRK SYV RI[ *EMV[E] &IIJ 6IWXEYVERX &YVKIV 1EHI JVSQ -VMWL KVEWW JIH FIIJ XLI &YVKIV LEW E QIEX] XI\XYVI ERH ER MVVIKYPEV WLETI KMZMRK MX E ±LSQIQEHI² PSSO 'SQTPMQIRX XLMW [MXL SYV RI[ +SYVQIX &YR ERH *EMV[E] 'LMTW JSV XLI TIVJIGX QEXGL %PWS EZEMPEFPI MW SYV %FIVHIIR %RKYW &YVKIV S^ S^ ERH S^ 'SSOMRK -RWXVYGXMSRW 'SSO JVSQ JVS^IR WYMXEFPI JSV GSSOMRK SR E GLEVKVMPP KVMHHPI SV KVMPP 'SSO XLSVSYKLP] YRXMP NYMGIW VYR GPIEV ERH RS TMRORIWW VIQEMRW MRWMHI 4EGO 7M^I \ K

1(:


*LOOV 3RSXODU 7KLQ 6DXVDJH SHU OE

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

*LOOV 6DXVDJHV DUH PDGH ZLWK VHOHFWHG SRUN DQG KDYH HDUQHG D OR\DO IROORZLQJ ZLWK RXU FXVWRPHUV IRU RYHU WZR GHFDGHV

Y 9HJHWDULDQ 6DXVDJH /LQGD 0F&DUWQH\ $ VL]]OLQJ VDXVDJH SDFNHG ZLWK GHOLFLRXV KHUEV DQG VHDVRQ LQJ 6KDOORZ IU\ RU JULOO

&XPEHUODQG 5LQJ J R]

7KHVH WUDGLWLRQDO VW\OH &XPEHUODQG 5LQJ VDXVDJHV PDNH WKH KXPEOH µEDQJHU¶ WKH FHQWUH RI DWWHQWLRQ RQ DQ\ PHQX DQG ZLWK D FKRLFH RI VL]HV

3LJV LQ %ODQNHWV UHDG\ WR FRRN J %LWH VL]H SRUN FRFNWDLO VDXVDJH KDQG ZUDSSHG LQ D UDVKHU RI EDFRQ :KR ZLVKHV WKH\ KDGQ¶W WUXDQWHG IURP VFKRRO" 5HDG\ WR JULOO RU RYHQ EDNH IURP IUR]HQ

6DJH DQG 2QLRQ 6WXI¿QJ %DOOV

0HDW 6HOHFWLRQ

6DXVDJHV DQG 6WXI¿QJ %DOOV &RQWLQXHG

0DGH ZLWK IUHVK RQLRQV DQG IXOO\ FRRNHG WKH\ FDQ EH RYHQ EDNHG RU PLFURZDYHG IURP IUR]HQ

%ODFN 3XGGLQJ 6OLFHV V S HD

6OLFHV RI EODFN SXGGLQJ GHOLFLRXV DQG HDV\ WR XVH

%ODFN 3XGGLQJ ± 6OLFHV 6OLFHV RI EODFN SXGGLQJ GHOLFLRXV DQG HDV\ WR XVH

6DXVDJH 5ROOV 8QEDNHG

3RUWLRQ 3WQ 6L]H FRVW

%XIIHW FP 8QEDNHG /LQFROQVKLUH 6DXVDJH 5ROO

¶V

Â…

´

S

0HGLXP FP 8QEDNHG 6DXVDJH 5ROOV /DUJH FP 8QEDNHG 6DXVDJH 5ROO -XPER FP 8QEDNHG 6DXVDJH 5ROOV

¶V

Â…

´

S

¶V

Â…

´

S

¶V

Â…

´

S

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J Â…

¶V

Â…

J

5HDG\ WR WUD\ DQG EDNH IURP HLWKHU IUR]HQ RU WKDZHG LQ DERXW PLQXWHV

,QGLYLGXDO 6DYRXU\ 3DVWU\ 3URGXFWV

Y &KHGGDSXIIV XQEDNHG

3RUWLRQ 3WQ 6L]H FRVW

8QEDNHG SXII SDVWU\ &KHGGDU &KHHVH UROOV ZLWK UHDO &KHGGDU &KHHVH DQG FKLYHV

Y /DWWLFH &KHHVH DQG 2QLRQ 8QEDNHG

Y &KHHVH DQG 2QLRQ 6OLFHV 8QEDNHG :LWK D ¿OOLQJ RI FKHGGDU DQG PR]]DUHOOD FKHHVH ZLWK SRWDWR

&KLFNHQ DQG 0XVKURRP 6OLFHV :LWK D ¿OOLQJ RI FUHDP\ GLFHG FKLFNHQ DQG PXVKURRPV

&KXQN\ 6WHDN 6OLFHV :LWK D ¿UP ¿OOLQJ RI SXUH VWHDN SLHFHV

&KXQN\ 6WHDN 6OLFH V S HD

7KLV UDQJH RI ÀDW UHFWDQJXODU SXII SDVWU\ VOLFHV LV SUH JOD]HG DQG UHDG\ WR EDNH IURP IUR]HQ 7KH\ DUH LGHDO DV SDUW RI D SODWHG PHDO RU DV D KDQG KHOG VQDFN

&RQWDLQV D ¿UP ¿OOLQJ RI SXUH VWHDN SLHFHV

$OO ZHLJKWV VKRZQ DUH DSSUR[LPDWH EHIRUH EDNLQJ

8QEDNHG 3LHV DQG 3DVWLHV

3RUWLRQ 3WQ 6L]H FRVW

$OO RXU XQEDNHG SLHV DQG SDVWLHV FDQ EH EDNHG IURP WKDZHG RU IUR]HQ DQG LQFOXGH RYHQ JXLGH WLPHV ZKLFK DUH JHQHUDOO\ PLQXWHV

&KHHVH DQG 2QLRQ 3DVW\ &KHHVH DQG RQLRQ ¿OOLQJ LQVLGH DQ XQEDNHG SDVWU\ FDVH

0XWWRQ &RUQLVK 3DVW\ $ µ'¶ VKDSHG ÀDN\ SDVWU\ SDVW\ FRQWDLQLQJ VSLFHG PXWWRQ SRWDWR DQG VZHGH

%HHI &RUQLVK 3DVW\ 7UDGLWLRQDO $ WUDGLWLRQDO µ$UPDGLOOR¶ VKDSHG ÀDN\ SDVWU\ SDVW\ FRQWDLQLQJ VSLFHG EHHI SRWDWR DQG VZHGH

5HDG\ %DNHG 3LHV DQG 3DVWLHV 2XU 5HDG\ %DNHG SLHV DQG SDVWLHV FDQ EH UH KHDWHG LQ D PLFURZDYH DOWKRXJK D FRQYHQWLRQDO RYHQ LV EHVW 6HH SDFNDJLQJ IRU IXOO UH KHDWLQJ LQVWUXFWLRQV

&KLFNHQ DQG 0XVKURRP /DUJH 3LHFHV RI FKLFNHQ DQG VOLFHG PXVKURRPV LQ D VHDVRQHG VDXFH VXUURXQGHG E\ D SXII SDVWU\ FDVH

%HHI &RUQLVK 3DVW\ V S HD

$ WUDGLWRQDO VKDSHG ÀDN\ SDVWU\ FRUQLVK SDVW\ FRQWDLQLQJ VSLFHG EHHI SRWDWR DQG VZHGH

0HDW DQG 3RWDWR 3LHV /DUJH

S

6DYRXU\ 3LHV 3L]]D 3DVWU\ DQG 3XGGLQJV

/DWWLFH SXII SDVWU\ ¿QJHUV ZLWK D FKHHVH DQG VSULQJ RQLRQ ¿OOLQJ

7ULPPHG DQG PLQFHG EHHI FRPELQHG ZLWK GLFHG SRWDWR DQG D WKLFN JUDY\ SURGXFH WKLV WUDGLWLRQDO IDYRXULWH OLVWLQJ FRQWLQXHG


6DYRXU\ 3LHV 3L]]D 3DVWU\ DQG 3XGGLQJV

5HDG\ %DNHG 3LHV DQG 3DVWLHV &RQWLQXHG

6WHDN DQG .LGQH\ 3LHV /DUJH

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J

S

$ URXQG SLH ZLWK D VKRUW FUXVW EDVH DQG D TXDOLW\ ¿OOLQJ RI FKXQN\ GLFHG EHHI DQG NLGQH\ LQ D ULFK JUDY\

&RUQLVK 3DVW\ 7UDGLWLRQDO %HHI

¶V

Â…

J

S

&RUQLVK 3DVW\ 7UDGLWLRQDO %HHI /DUJH

¶V

Â…

J

S

¶V

Â…

J Â…

¶V

Â…

J Â…

7KHVH WUDGLWLRQDO µ$UPDGLOOR¶ VKDSHG ÀDN\ SDVWU\ SDVWLHV FRQWDLQ VSLFHG EHHI SRWDWR DQG VZHGH

6WHDN DQG $OH 3LH :HGJH 6HOHFWHG FXWV RI UHDO <RUNVKLUH EHHI PDULQDWHG LQ IXOO ERGLHG DOH WKHQ FRRNHG LQ EHHI DQG DOH JUDY\ ZLWK RQLRQV HQFDVHG LQ D VKRUW FUXVW SDVWU\ ZHGJH

6WHDN $OH DQG 6WLOWRQ :HGJH <RUNVKLUH EHHI PDULQDWHG LQ D IXOO ERGLHG DOH FRRNHG LQ EHHI DQG DOH JUDY\ ZLWK RQLRQV WRSSHG ZLWK FUXPEOHG VWLOWRQ HQFDVHG LQ D VKRUW FUXVW SDVWU\ ZHGJH

3RUN 3LHV %XIIHW

¶V

Â…

J

S

3RUN 3LHV 6WDQGDUG

¶V

Â…

J

S 6WHDN $OH 6WLOWRQ :HGJH V Â… HD

6HDVRQHG SRUN PHDW ¿OOLQJ HQFDVHG LQ D ULFK JROGHQ SDVWU\

*RXUPHW %DNHG &XWWLQJ 3LHV +RW 6HUYH

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

&KLFNHQ DQG 0XVKURRP 3LH ± 3UH &XW

SWQ

Â…

J Â…

SWQ

Â…

J Â…

SWQ

Â…

J Â…

SWQ

Â…

J Â…

SWQ

Â…

J Â…

SWQ

Â…

J Â…

SWQ

Â…

J Â…

<RUNVKLUH EHHI PDULQDWHG LQ D IXOO ERGLHG DOH FRRNHG LQ EHHI DQG DOH JUDY\ ZLWK RQLRQV WRSSHG ZLWK FUXPEOHG VWLOWRQ HQFDVHG LQ D VKRUW FUXVW SDVWU\ ZHGJH

7HQGHU SLHFHV RI FKLFNHQ LQ D FUHDP\ VDXFH ZLWK PXVKURRPV FDUURWV DQG JDUGHQ SHDV

*DPH 3LH $ WUDGLWLRQDO %ULWLVK JDPH SLH RI SULPH SLHFHV RI YHQLVRQ UDEELW SKHDVDQW ZLOG ERDU DQG SLJHRQ EUHDVW FRRNHG LQ D ULFK JDPH DQG UHG ZLQH VDXFH

0HDW DQG 3RWDWR 3LH $ WUDGLWLRQDO ROG IDYRXULWH UHFLSH RI OHDQ EHHI RQLRQV DQG GLFHG SRWDWRHV

6WHDN DQG *XLQQHVV 3LH :KROH 7HQGHU FKXQNV RI SULPH %ULWLVK EHHI EUDLVHG LQ ULFK *XLQQHVV JUDY\ ZLWK RQLRQV PXVKURRPV DQG ¿QH KHUEV

6WHDN DQG *XLQQHVV 3LH 3UH &XW 7HQGHU FKXQNV RI SULPH %ULWLVK EHHI EUDLVHG LQ ULFK *XLQQHVV JUDY\ ZLWK RQLRQV PXVKURRPV DQG ¿QH KHUEV

6DYRXU\ 3LHV 3L]]D 3DVWU\ DQG 3XGGLQJV

6WHDN DQG .LGQH\ 3LH :KROH )LQHVW KDQG GLFHG VWHDN DQG NLGQH\ EUDLVHG ZLWK FDUURWV DQG RQLRQV XQWLO WHQGHU DQG ¿QLVKHG LQ GHOLFLRXV JUDY\

6WHDN DQG .LGQH\ 3LH ± 3UH &XW )LQHVW KDQG GLFHG VWHDN DQG NLGQH\ EUDLVHG ZLWK FDUURWV DQG RQLRQV XQWLO WHQGHU DQG ¿QLVKHG LQ GHOLFLRXV JUDY\

*RXUPHW %DNHG &XWWLQJ 3LHV &ROG 6HUYH

*DOD 3LH ZLWKRXW (JJ 3UH FXW

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J Â…

J

$ WUDGLWLRQDO SRUN SLH XVLQJ WRS TXDOLW\ LQJUHGLHQWV 3UH FXW LQWR VOLFHV QR HQG FUXVWV QR ZDVWH

S

$ WUDGLWLRQDO SRUN SLH XVLQJ WRS TXDOLW\ LQJUHGLHQWV 3UH FXW LQWR VOLFHV QR HQG FUXVWV ± QR ZDVWH

6XHW 3XGGLQJV

&KLFNHQ DQG /HHN 3XGGLQJ

/DPE DQG 0LQW 3XGGLQJ

¶V

Â…

J Â…

6WHDN DQG .LGQH\ 3XGGLQJV VPDOO

¶V

Â…

J

6WHDN DQG .LGQH\ 3XGGLQJV PHGLXP

¶V

Â…

J Â…

6WHDN DQG .LGQH\ 3XGGLQJV ODUJH

¶V

Â…

J Â…

6WHDN 0XVKURRP DQG $OH 6XHW 3XGGLQJ

4XLFKH ± )XOO\ %DNHG DQG 8QFXW

S

¶V

Â…

J Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

J

S

SWQ

Â…

J

S

2XU IXOO\ EDNHG TXLFKHV DUH SUHVHQWHG LQ VWXUG\ IRLO WUD\V DQG FDQ EH VLPSO\ WKDZHG DQG VHUYHG RU JHQWO\ ZDUPHG LQ D FRQYHQWLRQDO RYHQ

Y 7ZR &KHHVH DQG 2QLRQ 4XLFKH )XOO\ EDNHG 4XLFKH PDGH ZLWK IUHVK HJJV PDWXUH &KHGGDU DQG 5HG /HLFHVWHU FKHHVHV FRPELQHG ZLWK IUHVK VSULQJ RQLRQV DQG VOLFHG ZKLWH VWURQJ RQLRQV

4XLFKH /RUUDLQH ZLWK &ULVS\ %DFRQ )XOO\ EDNHG WUDGLWLRQDO 4XLFKH PDGH ZLWK IUHVK HJJV PDWXUH FKHGGDU OHDQ FKXQNV RI KDP DQG FULVS\ EDFRQ

*DOD 3LH ZLWKRXW (JJ 3UH FXW SWQ S SWQ

OLVWLQJ FRQWLQXHG

6WHDN .LGQH\ ,QGLYLGXDO 6XHW 3XGGLQJV $YDLODEOH LQ VPDOO PHGLXP DQG ODUJH


Y 7RPDWR DQG %DVLO ZLWK 7RPDWR 3DVWH 4XLFKH

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

J

S

SWQ

Â…

J

S

SWQ

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

SWQ

Â…

J

S

SWQ

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

SWQ

Â…

J

S

SWQ

Â…

J

S

SWQ

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

7KH IXOO\ EDNHG VKRUW FUXVW SDVWU\ FDVH LV ¿OOHG ZLWK D IUHVK HJJ FXVWDUG PDWXUH FKHGGDU IUHVK EDVLO DQG KHUEV RQ D OD\HU RI WRPDWR SDVWH

Y 5RDVW 0HGLWHUUDQHDQ 9HJHWDEOH 4XLFKH $ FULVS EDNHG SDVWU\ FDVH ¿OOHG ZLWK D OD\HU RI WRPDWR DQG KHUE SDVWH WRSSHG ZLWK JUDWHG FKHHVH DQG IUHVK URDVWHG 0HGLWHUUDQHDQ YHJHWDEOHV DQG VDYRXU\ HJJ FXVWDUG

Y 6SDQLVK 4XLFKH )XOO\ EDNHG 4XLFKH PDGH ZLWK IUHVK HJJV DQG PDWXUH &KHGGDU FKHHVH FRPELQHG ZLWK IUHVK YHJHWDEOHV KHUEV DQG VSLFHV

4XLFKH ± )XOO\ %DNHG DQG 3UH FXW

3RUWLRQ 3WQ 6L]H &RVW

2XU SUH FXW TXLFKH DUH IXOO\ EDNHG DQG WKHQ H[SHUWO\ FXW LQWR VOLFHV 7KH\ FDQ EH JHQWO\ WKDZHG E\ WKH SRUWLRQ LQ D PLFURZDYH DOWKRXJK WKH SDVWU\ UHPDLQV FULVSHU LI D FRQYHQWLRQDO RYHQ LV XVHG

6SDQLVK 4XLFKH SWQ S SWQ )XOO\ EDNHG TXLFKH PDGH ZLWK IUHVK HJJV DQG PDWXUH &KHGGDU FKHHVH FRPELQHG ZLWK IUHVK YHJHWDEOHV KHUEV DQG VSLFHV

Y &KHHVH DQG 2QLRQ 4XLFKH )XOO\ EDNHG WUDGLWLRQDO TXLFKHV PDGH ZLWK IUHVK HJJV DQG PDWXUH &KHGGDU FKHHVH FRPELQHG ZLWK VOLFHG VWURQJ ZKLWH RQLRQV

4XLFKH /RUUDLQH )XOO\ EDNHG WUDGLWLRQDO 4XLFKH PDGH ZLWK IUHVK HJJV PDWXUH FKHGGDU OHDQ FKXQNV RI KDP DQG FULVS\ EDFRQ

3LFNXSV )XOO\ %DNHG 4XLFKH )LQJHUV

3RUWLRQ 3WQ 6L]H FRVW

3LFNXSV DUH IXOO\ EDNHG ¿QJHU VL]HG VOLFHV RI GHOLFLRXV TXLFKH WKDW DUH SHUIHFW IRU EXIIHWV -XVW WKDZ DQG VHUYH

Y $VSDUDJXV 4XLFKH 3LFNXSV 6WULSV RI JUHHQ DVSDUDJXV &KHGGDU FKHHVH DQG IUHVK JDUOLF FRPELQHG ZLWK D ULFK VDYRXU\ HJJ FXVWDUG LQ D KHUE SDVWU\

%DFRQ DQG %OXH &KHHVH 4XLFKH 3LFNXSV

6DYRXU\ 3LHV 3L]]D 3DVWU\ DQG 3XGGLQJV

4XLFKH ± )XOO\ %DNHG DQG 8QFXW &RQWLQXHG

6WULSV RI VPRNHG EDFRQ 6WLOWRQ FKLYHV DQG 'LMRQ PXVWDUG TXLFKH LQ D SDUPHVDQ DQG KHUE SDVWU\ FDVH

Y 0H[LFDQ 6DOVD 4XLFKH 3LFNXSV

5HDG\ 3UHSDUHG 3L]]D

3RUWLRQ 3WQ 6L]H FRVW

Y &KHHVH DQG 7RPDWR 3L]]D ´

¶V

Â…

´

S

Y &KHHVH DQG 7RPDWR 3L]]D ´

¶V

Â…

´

S

¶V

Â… ´ [ ´ S

7KHVH UHDG\ WR VHUYH ´ DQG ´ 3L]]D DUH WRSSHG ZLWK VKUHGGHG &KHGGDU DQG 0R]]DUHOOD RQ D OD\HU RI VSLFHG WRPDWR VDXFH DQG JDUQLVKHG ZLWK WRPDWR SLHFHV %DFRQ %OXH &KHHVH 4XLFKH 3LFN 8SV SWQ S HD

6WULSV RI VPRNHG EDFRQ 6WLOWRQ FKLYHV DQG 'LMRQ PXVWDUG TXLFKH LQ D SDUPHVDQ DQG KHUE SDVWU\ FDVH

Y 0XOWL VHUYH &KHHVH DQG 7RPDWR 3L]]D 7KHVH [ PP UHFWDQJXODU SL]]D FDQ EH FXW LQWR IRXU SRUWLRQV

0LQ 3DFN

3L]]D &UXVW

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

Y 3L]]D &UXVW ´

¶V

Â… VLQJOH S

Y 3L]]D &UXVW ´

¶V

Â…

VLQJOH S

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

3L]]D 7RSSLQJV

6SLF\ %HHI 3L]]D 7RSSLQJ

.J

Â…

J

S

6KUHGGHG +DP 3L]]D 7RSSLQJ

.J

Â…

J

S

3HSSHURQL 3L]]D 7RSSLQJ

.J

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

J

S

-XVW DGG RXU *UDWHG 0R]]DUHOOD 3L]]D 6DXFH DQG \RXU LPDJLQDWLRQ IRU JUHDW KRPH PDGH SL]]D

2PHOHWWHV

Y 3ODLQ 2PHOHWWHV J

3RUWLRQ 3WQ 6L]H FRVW

&KHHVH DQG +DP 2PHOHWWHV J

¶V

Â…

J

S

Y &KHHVH DQG 7RPDWR 2PHOHWWHV J

¶V

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

[ ¶V

Â…

´

S

[ ¶V

Â…

´

S

0DGH LQ ,UHODQG ZLWK IUHVK HJJV WKHVH SHUIHFWO\ IRUPHG IROGHG RPHOHWWHV ZLOO PLFURZDYH IURP WKH IUHH]HU LQ D FRXSOH RI PLQXWHV

7RUWLOOD :UDSV 7H[ 0H[ 7RUWLOODV 3ODLQ )ORXU :UDSV [ V S HD 7RUWLOODV 3ODLQ )ORXU :UDSV [ V S HD

Y 7RUWLOODV ´ 3ODLQ )ORXU :UDSV Y 7RUWLOODV ´ 3ODLQ )ORXU :UDSV OLVWLQJ FRQWLQXHG

3RUWLRQ 3WQ 6L]H FRVW

6DYRXU\ 3LHV 3L]]D 3DVWU\ DQG 3XGGLQJV

4XLFKH VOLFHV ¿OOHG ZLWK SHSSHUV VZHHW FRUQ UHG FKLOOLHV WRPDWRHV DQG FRULDQGHU LQ SDUPHVDQ DQG KHUE SDVWU\


6DYRXU\ 3LHV 3L]]D 3DVWU\ DQG 3XGGLQJV

7RUWLOOD :UDSV 7H[ 0H[ &RQWLQXHG

Y 7RUWLOODV ´ 7RPDWR )ORXU :UDSV

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

[ ¶V

Â…

´

S

J

Â…

J

Â…

$ WLQ

Â…

$ WLQ

Â…

NLOR

Â…

[ J Â…

7KHVH WRUWLOODV DUH WKH KHDUW RI D JRRG 0H[LFDQ PHDO DQG KDYH H[FHOOHQW WDVWH DQG HQVXUH VXFFHVVIXO UROOLQJ IROGLQJ DQG IU\LQJ WR SURGXFH WKH EHVW HQFKLODGDV EXUULWRV FKLPLFKDQJDV IDMLWDV DQG ZUDSV

Y *XDFDPROH 6XSUHPH 3URGXFHG IURP &DOLIRUQLD¶V ¿QHVW ULSHQHG $YRFDGR

1RQ IUR]HQ )DMLWD 6HDVRQLQJ ± QRQ IUR]HQ -DODSHQRV *UHHQ 6OLFHG QRQ IUR]HQ -DODSHQRV 5HG 6OLFHG QRQ IUR]HQ 6DOVD 0HGLXP 5DQFK QRQ IUR]HQ 7RUWLOOD &KLSV QRQ IUR]HQ 7DFR 6KHOOV QRQ IUR]HQ

3DQFDNHV DQG 6DPRVD

Y 9HJHWDEOH 3DQFDNH 6SULQJ 5ROOV

[

Â…

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

3RUWLRQ 3WQ 6L]H FRVW

HDFK

S *XDFDPROH 6XSUHPH J Â…

%HDQVSURXWV FHOHU\ VZHHW FRUQ UHG SHSSHUV SHDV RQLRQ VR\ VDXFH DQG VHDVRQLQJ ZUDSSHG LQ D FULVS\ SDQFDNH 'HHS IU\ IURP WKH IUHH]HU LQ D FRXSOH RI PLQXWHV

/DPE 6DPRVD

3URGXFHG IURP &DOLIRUQLD V ¿QHVW ULSHQHG DYRFDGR ¶V

Â…

J

S

)UHVK PLQFHG ODPE DQG YHJHWDEOHV EOHQGHG ZLWK VSLFHV DQG ZUDSSHG LQ D FULVS RULHQWDO SDVWU\

Y 9HJHWDEOH 6DPRVD Y 9HJHWDEOH 0LQL 6DPRVD

%DNHG <RUNVKLUH 3XGGLQJV <RUNVKLUH 3XGGLQJV 5RXQG ´ <RUNVKLUH 3XGGLQJV 5RXQG ´ <RUNVKLUH 3XGGLQJV 5RXQG ´

5HDG\ WR XVH 3DVWU\

%UHDG %DNHU\ DQG 0RUQLQJ *RRGV

Y Y Y Y Y Y Y Y Y Y

3XII 3DVWU\ %XON 5ROOHG 6KHHWV 3XII 3DVWU\ &DWHULQJ %ORFNV 3XII 3DVWU\ 6KHHWV [ FP 3XII 3DVWU\ /LGV 2YDO SLH OLGV 3XII 3DVWU\ /LGV 5RXQG ´ OLGV 3XII 3DVWU\ /LGV 6TXDUHV ´ [ ´ 9RO DX 9HQWV &RFNWDLO PP 9RO DX 9HQWV 0HGLXP PP 9RO DX 9HQWV /DUJH PP )LOR 3DVWU\ 6KHHWV

3DUW %DNHG %UHDG

%DNHU¶V &KRLFH $VVRUWPHQW

¶V

Â…

J

S

¶V

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

¶V

Â…

´

S

¶V

Â…

´

S

¶V

Â…

´

S

0LQ 3DFN

3DFN 3ULFH

[ NJ Â…

3RUWLRQ 3WQ 6L]H FRVW

3RUWLRQ 3WQ 6L]H FRVW

J

S

NJ

Â…

J

S

¶V

Â…

J

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

9HJHWDEOH 6DPRVD V S HD

J

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

$ PL[ RI VSLF\ YHJHWDEOHV ZLWK OHPRQ MXLFH ZUDSSHG LQ FULVS SDVWU\

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

3RUWLRQ 3WQ 6L]H FRVW

$ PL[WXUH RI IRXU YDULHWLHV RI EDQTXHW UROOV ZKLWH SHWLW SDLQ SRSS\ VHHGHG NQRW ZKROHPHDO UROO DQG JUDQDU\ EDWRQ

+DOI %DJXHWWHV 'HPL ´ /DUJH :KLWH %DJXHWWHV ´

0DOWHG :KHDW 'HPL %DJXHWWHV ´

0LQL :KLWH %DJXHWWHV ´

*DUOLF DQG +HUE %DJXHWWHV 6OLFHV ORRVH IUR]HQ

3DLQ 5XVWLTXH

¶V

Â…

J

S

¶V

Â…

HDFK

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

¶V

Â…

J

S

+DQG VKDSHG ZKLWH UXVWLF ZKHDW EUHDG ZLWK D FULVS WKLQ FUXVW

+HUE 3DQLQL $ ZKLWH SDUW EDNHG EDJXHWWH VKDSHG UROO DERXW PP ORQJ DQG VSHFNOHG ZLWK KHUEV 7KH\ KDYH QR GHFRUDWLYH WRS FXWV DQG DUH VXSSOLHG IUR]HQ IRU VOLFLQJ ¿OOLQJ DQG WRDVWLQJ

3DQLQL ± 3ODLQ 3HWLW 3DLQ :KLWH VD\ µ3HWW\ 3DQ

3HWLW 3DLQ 0LQL :KLWH %RXFKRQ

3HWLW 3DLQ :KROHPHDO 'XUXP :KHDW 6TXDUH 0XOWLJUDLQ 6TXDUH 3UH VOLFHG WKURXJK WKH FHQWUH DQG VFRUHG RQ WKH WRS IRU FXWWLQJ LQWR SHUIHFW VDQGZLFK WULDQJOHV 6LPSO\ EDNH IRU PLQXWHV

0LQ 3DFN

+HUE 3DQLQL V S HD

$ ZKLWH SDUW EDNHG EDJXHWWH VKDSHG UROO DERXW PP ORQJ DQG VSHFNOHG ZLWK KHUEV 7KH\ KDYH QR GHFRUDWLYH WRS FXWV DQG DUH VXSSOLHG IUR]HQ IRU VOLFLQJ ¿OOLQJ DQG WRDVWLQJ


¶V

Â…

HDFK

S

%DSV 3ODLQ 6OLFHG DSSUR[ FP ´ GLD

%DSV )ORXUHG 6OLFHG DSSUR[ ò FP ´ GLD

¶V

Â…

HDFK

S

%XUJHUEXQV 3ODLQ DSSUR[ FP ´ GLD

¶V

Â…

HDFK

S

%XUJHUEXQV 6HHGHG DSSUR[ FP ´ GLD

¶V

Â…

HDFK

S

%XUJHUEXQV 6HHGHG DSSUR[ ò FP GLD

¶V

Â…

HDFK

S

&LDEDWWD /DUJH ,QGLYLGXDO VD\ µ&K %DWWD

¶V

Â…

J

S

3RUWLRQ 3WQ 6L]H FRVW

7KLV IXOO\ EDNHG J ,WDOLDQ EUHDG ZLWK ROLYH RLO LV LGHDO IRU VDQGZLFKHV RU DV D PHDO DFFRPSDQLPHQW

*DUOLF %UHDG 6OLFHV ORRVH IUR]HQ ZLWK +HUEV

¶V

Â…

HDFK

S

*RXUPHW 0XOWLVHHG %XQV

[ ¶V

Â…

HDFK

S

[ ¶V

Â…

HDFK

S

:KROHPHDO +RDJLHV FP ´ GLD

¶V

Â…

HDFK

S

+RW 'RJ 5ROOV 6OLFHG DSSUR[ FP ´ GLD

¶V

Â…

HDFK

S

6OLFHG %ORRPHU /RDYHV ± 0DOWHG JUDLQ

¶V

Â…

HDFK Â…

6OLFHG %ORRPHU /RDYHV ± :KLWH

¶V

Â…

HDFK Â…

$ VRXUGRXJK JRXUPHW EXQ WRSSHG ZLWK D WDVW\ PL[ RI OLQVHHG PLOOHW DQG SRSS\ VHHGV

*RXUPHW :KLWH %XQV $ VRXUGRXJK JRXUPHW EXQ WRSSHG ZLWK D GXVWLQJ RI ULFH ÀRXU

&LDEDWWD /DUJH ,QGLYLGXDO V S HD

7KLV IXOO\ EDNHG J ,WDOLDQ EUHDG ZLWK ROLYH RLO LV LGHDO IRU VDQGZLFKHV RU DV D PHDO DFFRPSDQLPHQW

6OLFHG EORRPHU EUHDG ZLWK D VOLJKWO\ RSHQ WH[WXUH

6OLFHG /RDYHV 0HGLXP :KLWH J

¶V

Â…

HDFK

S

6OLFHG /RDYHV 7KLFN :KLWH J

¶V

Â…

HDFK

S

6OLFHG /RDYHV 0HGLXP :KROHPHDO J

¶V

Â…

HDFK

S

6OLFHG /RDYHV 7KLFN :KROHPHDO J

¶V

Â…

HDFK

S

6DQGZLFK %DJXHWWH DSSUR[ FP ´

¶V

Â…

HDFK

S

6DQGZLFK 6RIWLH DSSUR[ FP ´

¶V

Â…

HDFK

S

1DDQ %UHDG 0LQL 7HDUGURS

¶V

Â…

HDFK

S

1DDQ %UHDG URXQG ´ DSSUR[

¶V

Â…

HDFK

S

1DDQ %UHDG 7HDUGURS ³ DSSUR[

¶V

Â…

HDFK

S

3LWWD %UHDG $XWKHQWLF

¶V

Â…

HDFK

S

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

HDFK Â…

¶V

Â…

HDFK Â…

¶V

Â…

HDFK Â…

¶V

Â…

HDFK Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

J

S

¶V

Â…

J

S

¶V

J

S

¶V

Â…

HDFK

S

¶V

Â…

J

S

3DQLQL )LOOHG DQG *ULOOHG

3DQLQL &KHHVH DQG 7RPDWR 7DQJ\ FKHGGDU FKHHVH DQG VOLFHG IUHVK WRPDWR PL[HG ZLWK D VXQEOXVK WRPDWDGH WRSSHG ZLWK VOLFHG PR]]DUHOOD LQ D EDU PDUNHG SDQLQL

6DQGZLFK 6RIWLH DSSUR[ FP V S HD

)XOO\ EDNHG VRIW VDQGZLFK UROO ZLWK WZR GLDJRQDO FXW PDUNV RQ WKH WRS 7KDZ DQG VHUYH

3DQLQL &KLFNHQ DQG %DFRQ 6XFFXOHQW GLFHG FKLFNHQ DQG EDFRQ SLHFHV ZLWK RXU VSHFLDO PD\RQQDLVH WRSSHG ZLWK VOLFHG PR]]DUHOOD LQ D EDU PDUNHG SDQLQL

3DQLQL +DP DQG &KHHVH 3ULPH VOLFHG KDP DQG WDQJ\ FKHGGDU FKHHVH EOHQGHG ZLWK FUHDP\ PD\RQQDLVH WRSSHG ZLWK VOLFHG PR]]DUHOOD LQ D EDU PDUNHG SDQLQL

3DQLQL 7XQD 0HOW 7XQD 0D\RQQDLVH ZLWK DGGHG PR]]DUHOOD FKHHVH LQ D EDU PDUNHG SDQLQL

0RUQLQJ %DNHU\ *RRGV

&URLVVDQW ± )XOO\ %DNHG $ IXOO\ EDNHG FURLVVDQW PDGH ZLWK D KLJK TXDQWLW\ RI EXWWHU IRU D UHDOO\ ULFK EXWWHU\ WDVWH

'DQLVK 3DVWULHV 0L[HG &DVH HDFK RI 5DVSEHUU\ &URZQV $SSOH &URZQV DQG &LQQDPRQ :KLUOV IXOO\ EDNHG GHFRUDWHG ZLWK ZKLWH LFLQJ DQG LQGLYLGXDOO\ ZUDSSHG

'DQLVK 3DVWULHV 0LQL RI HDFK DSSOH FURZQV YDQLOOD FURZQV DSULFRW FURZQV FLQQDPRQ ZKLUOV

0LQL &UHDP &DNH $VVRUWPHQW HDFK RI PLQL FKRFRODWH pFODLUV PLQL ¿QJHU GRXJKQXWV PLQL IUXLW VFRQHV PLQL EODFN IRUHVW PXI¿QV PLQL FDUURW FDNHV PLQL FKRFRODWH EURZQLHV PLQL FXVWDUG VOLFHV DQG PLQL FUHDP VOLFHV

'DQLVK 3DVWULHV V S HD HDFK RI UDVSEHUU\ FURZQV DSSOH FURZQV DQG FLQQDPRQ ZKLUOV IXOO\ EDNHG DQG GHFRUDWHG ZLWK ZKLWH LFLQJ DQG LQGLYLGXDOO\ ZUDSSHG

3DLQ DX &KRFRODWH

%UHDG %DNHU\ DQG 0RUQLQJ *RRGV

3DFN 3ULFH

%UHDG %DNHU\ DQG 0RUQLQJ *RRGV

0LQ 3DFN

)XOO\ %DNHG %UHDG

$ UHDG\ WR EDNH SDLQ DX FKRFRODWH 3HUIHFW UHVXOWV HYHU\ WLPH


1(:

*EMV[E] 'PEWWMGW +SYVQIX &YR

-RXVSHYGMRK SYV RI[ +SYVQIX &YRW &SXL TVSHYGIH YWMRK E WSYV HSYKL QIXLSH 8LIWI EVI ER EXXVEGXMZI EPXIVREXMZI XS XLI XVEHMXMSREP FYR 4EGOIH -RWXVYGXMSRW 8LE[ 7IVZI SV FEOI MR XLI SZIR XS EHH QSVI GSPSYV ERH GVYWX

+SYVQIX 1YPXM 7IIH &YR

% WSYVHSYKL KSYVQIX FYR XSTTIH [MXL E XEWX] QM\ SJ PMRWIIH QMPPIX TSTT] WIIHW

7IVZI [MXL E 4PSYKLQERW 0YRGL

%R EGGSQTERMQIRX XS WSYT

+SYVQIX ;LMXI &YR

% WSYVHSYKL KSYVQIX FYR XSTTIH [MXL E PMKLX HYWXMRK SJ VMGI ¾SYV

% WERH[MGL GEVVMIV

;MXL SYV *EMV[E] %FIVHIIR %RKYW &YVKIV


0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

'RQXWV 5LQJ

¶V

HDFK

S

'RQXWV %DOO ZLWK VXJDU DQG MDP

¶V

HDFK

S

'RQXWV 5LQJV ZLWK PL[HG WRSSLQJV

¶V

HDFK

S

6FRQHV *LDQW 6XOWDQD

¶V

HDFK

S

7HDFDNHV ´

¶V

(DFK

S

7HDFDNHV ´

µV

HDFK

S

0XI¿QV %OXHEHUU\ 0DPPRWK :UDSSHG

¶V

HDFK

S

0XI¿QV &KRFRODWH &KLS 0DPPRWK :UDSSHG

¶V

HDFK

S

0LQ 3DFN

3DFN 3ULFH

SWQ

HDFK

S

SWQ

HDFK

S

SWQ

HDFK

S

SWQ

HDFK

SWQ

HDFK

SWQ

HDFK

SWQ

HDFK

0LQ 3DFN

3DFN 3ULFH

SWQ

HDFK

S

SWQ

HDFK

S

SWQ

HDFK

S

SWQ

HDFK

S

0LQ 3DFN

3DFN 3ULFH

¶V

HDFK

¶V

HDFK

¶V

HDFK

S

¶V

HDFK

S

¶V

HDFK

S

¶V

HDFK

&RIIHH 6KRS &DNHV

%RVWRQ %URZQLH

3RUWLRQ 3WQ 6L]H FRVW

7KH XOWLPDWH IXGJH EURZQLH WRSSHG ZLWK FKRFRODWH FKLSV

%XWWHUFUHDP DQG -DP 6SRQJH $ EHVW VHOOLQJ 9LFWRULD 6SRQJH ORDGHG ZLWK EXWWHU FUHDP DQG 5DVSEHUU\ -DP

7HDFDNHV V S HD 7HDFDNHV V S HD

6HUYH WRDVWHG ZLWK EXWWHU

&DUDPHO 6KRUWFDNH $OVR FDOOHGÃ 0LOOLRQDLUHV VKRUWEUHDG¶ WKH FDUDPHO LV VDQGZLFKHG EHWZHHQ WKH ULFK VKRUWFDNH EDVH DQG D PLON FKRFRODWH FRDWLQJ

&DUURW &DNH 7KLV RULJLQDO FDNH LV WRSSHG ZLWK FUHDP FKHHVH DQG OHPRQ LFLQJ DQG HYHU\ RQH FRQWDLQV JUDPV RI IUHVK JUDWHG FDUURWV

&RQWLQHQWDO &KRFRODWH &DNH 7KLV FDNH KDV D EURZQLH OLNH FORVH WH[WXUH DQG LV FRYHUHG DQG ¿OOHG ZLWK D ULFK FKRFRODWH JDQDFKH DQG VSULQNOHG ZLWK ÀDNHV RI PLON FKRFRODWH

+DUYHVW $SSOH &DNH

%UHDG %DNHU\ DQG 0RUQLQJ *RRGV

'RQXWV

$ VSLF\ DSSOH FDNH ZLWK VXOWDQDV DQG ZDOQXWV ¿QLVKHG ZLWK VOLFHG DOPRQGV DQG DQ DSULFRW JOD]H

5DVSEHUU\ DQG &RFRQXW 6OLFH

S

/DVKLQJ RI UDVSEHUU\ MDP RQ D VKRUWFDNH EDVH ZLWK D JHQHURXV FRFRQXW WRSSLQJ

7UD\FDNHV ± 3UH FXW

&DUURW &DNH

3RUWLRQ 3WQ 6L]H FRVW

*UDWHG FDUURWV SLQHDSSOHV DQG FRFRQXW SLOHG KLJK ZLWK FUHDP FKHHVH IURVWLQJ DQG D KDQGIXO RI FKRSSHG ZDOQXWV

&KRFRODWH )XGJH %URZQLH

5DVSEHUU\ &RFRQXW 6OLFH SWQ S SWQ

*LQJHU DQG /HPRQ %XWWHUFUHDP $ ULFK GDUN JLQJHU FDNH PDGH ZLWK VWHP JLQJHU VPRWKHUHG LQ OHPRQ EXWWHUFUHDP WRSSHG ZLWK FUXPEOHG JLQJHU QXW ELVFXLWV

/DVKLQJV RI UDVSEHUU\ MDP RQ D VKRUWFDNH EDVH ZLWK D JHQHURXV FRFRQXW WRSSLQJ

7RIIHH 'DWH DQG 3HFDQ ZLWK )ODSMDFN $ PRLVW VWLFN\ WRIIHH FDNH PDGH ZLWK FKHZ\ GDWHV WRSSHG ZLWK FUXQFK\ JROGHQ V\UXS ÀDSMDFN ZLWK D KDQGIXO RI FKRSSHG SHFDQ QXWV

,QGLYLGXDO &ROG VHUYH 'HVVHUWV

-XPER &UHDP )LOOHG 3UR¿WHUROH

3RUWLRQ 3WQ 6L]H FRVW

S

+DQG ¿QLVKHG MXPER SUR¿WHUROH ¿OOHG ZLWK FUHDP

/HPRQ 6\OODEXE 6RXIÀp $ ¿QH FRPELQDWLRQ RI IUHVK FUHDP OHPRQ MXLFH DQG ]HVW ZLWK ,WDOLDQ PHULQJXH DQG D OHPRQFHOOR FHQWUH

0LQL &KRFRODWH eFODLUV 'HOLJKWIXO ELWH VL]H FKRX[ EXQV ¿OOHG ZLWK IUHVK FUHDP DQG WRSSHG ZLWK FKRFRODWH IURVWLQJ 6LPSO\ WKDZ DQG VHUYH

0LQL 'HVVHUW $VVRUWPHQW &RQWDLQV PLQL pFODLUV VWUDZEHUU\ SXIIV PLQL VOLFHV DQG EODFN IRUHVW UROOV

0LQL &UHDP &DNH $VVRUWPHQW HDFK RI PLQL FKRFRODWH pFODLUV PLQL ¿QJHU GRXJKQXWV PLQL IUXLW VFRQHV PLQL EODFN IRUHVW PXI¿QV PLQL FDUURW FDNHV PLQL FKRFRODWH EURZQLHV PLQL FXVWDUG VOLFHV DQG PLQL FUHDP VOLFHV

-XPER &UHDP )LOOHG 3UR¿WHUROH V S HD

+DQG ¿QLVKHG MXPER SUR¿WHUROH ¿OOHG ZLWK FUHDP

3DVVLRQ )UXLWV RI )RUHVW

6ZHHWV 3XGGLQJV DQG 'HVVHUWV

$ FKHZ\ FKRFRODWH IXGJH EURZQLH VPRWKHUHG LQ D ULFK FKRFR ODWH IXGJH

%ODFNFXUUDQWV UHGFXUUDQWV DQG VWUDZEHUULHV LQ D GHOLFLRXV IUXLW SXUHH WRSSHG ZLWK SDVVLRQ IUXLW EDYDURLV OLVWLQJ FRQWLQXHG


6ZHHWV 3XGGLQJV DQG 'HVVHUWV

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

HDFK Â…

¶V

Â…

HDFK Â…

¶V

Â…

HDFK

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

¶V

Â…

HDFK Â…

¶V

Â…

HDFK Â…

¶V

Â…

HDFK Â…

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

0LQ 3DFN

3DFN 3ULFH

&KRFRODWH 3XGGLQJ ZLWK &KRFRODWH 6DXFH &KRFRODWH 3XGGLQJ ZLWK &KRFRODWH 2UDQJH 6DXFH /HPRQ 3XGGLQJ ZLWK /HPRQ 6DXFH 6WLFN\ 7RIIHH 3XGGLQJ ZLWK %XWWHUVFRWFK 6DXFH 7UHDFOH 6SRQJH ZLWK &XVWDUG

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

+RW 6SRQJH 3XGGLQJV µZLWK 7RSSLQJ¶ UDQJH

0LQ 3DFN

3DFN 3ULFH

,QGLYLGXDO &ROG VHUYH 'HVVHUWV &RQWLQXHG

6WUDZEHUU\ DQG &KDPSDJQH 7ULÀH 6OLFHG VWUDZEHUULHV VWUDZEHUU\ SXUHH DQG FKDPSDJQH WRSSHG ZLWK YDQLOOD FXVWDUG DQG FUHDP

6XPPHU )UXLW 3XGGLQJ 7KH FODVVLF (QJOLVK GHVVHUW RI ZKLWH EUHDG VRDNHG LQ EODFNFXUUDQW DQG UDVSEHUU\ SXUHH ¿OOHG ZLWK D VHOHFWLRQ RI PDFHUDWHG VRIW IUXLWV

7UDGLWLRQDO 6ZHHW 3HWLW )RXUV

S

&RQWDLQV HDFK RI YDULHWLHV $OPRQG VSRQJHV OHPRQ GRPH FKRFRODWH YDQLOOD LQJRWV DOPRQG UDVSEHUU\ VSRQJHV DSULFRW DOPRQG WDUW FKRFRODWH pFODLUV FRFRQXW FDNHV SLVWDFKLR UDVSEHUU\ VKRUWEUHDG FKRFRODWH VKRUWEUHDG

,QGLYLGXDO +RW VHUYH 'HVVHUWV

&KRFRODWH DQG &UXVKHG 5DVSEHUU\ 3XGGLQJ 'RXEOH FKRFRODWH VSRQJH EOHQGHG ZLWK FORWWHG FUHDP WRSSHG ZLWK FUXVKHG UDVSEHUULHV DQG %HOJLDQ FKRFRODWH WUXIÀH VDXFH

2UFKDUG 3XGGLQJ 6ZHHW SDVWU\ ZLWK D FRPSRWH RI IUXLWV DSSOH EODFNEHUULHV UKXEDUE DQG EODFNFXUUDQWV ¿QLVKHG ZLWK IUDQJLSDQ DQG EDNHG

6WXIIHG %DNHG $SSOH 3XGGLQJ

6XPPHU )UXLW 3XGGLQJ V Â… HD

6ZHHW DSSOH VWXIIHG ZLWK VXOWDQDV FXUUDQWV FLGHU FLQQDPRQ DQG EURZQ VXJDU VORZ EDNHG ZLWK D YDQLOOD VSRQJH

%ODFNEHUU\ DQG $SSOH &UXPEOH 5KXEDUE DQG $SSOH &UXPEOH

+RW 6SRQJH 3XGGLQJV ZLWK 6DXFH

7KH FODVVLF (QJOLVK GHVVHUW RI ZKLWH EUHDG VRDNHG LQ EODFNFXUUDQW DQG UDVSEHUU\ SXUHH ¿OOHG ZLWK D VHOHFWLRQ RI PDFHUDWHG VRIW IUXLWV

3RUWLRQ 3WQ 6L]H &RVW

6HUYH WKHVH LQGLYLGXDO KRW VSRQJH SXGGLQJV IURP IUHH]HU WR FRQWHQWHG FXVWRPHU LQ OHVV WKDQ PLQXWHV DQG ZLWK RQO\ WKH VHUYLQJ GLVK WR ZDVK XS 6LQIXOO\ VLPSOH

3RUWLRQ 3WQ 6L]H FRVW

7KHVH LQGLYLGXDO KRW VSRQJH SXGGLQJV DUH WRSSHG ZLWK VDXFH DQG FDQ EH VHUYHG ZLWK DGGHG FXVWDUG FUHDP RU LFH FUHDP

6ZHHWV 3XGGLQJV DQG 'HVVHUWV

&KRFRODWH 6SRQJH 3XGGLQJ ZLWK &KRFRODWH 7RSSLQJ

¶V

Â…

HDFK

S

/HPRQ 6SRQJH 3XGGLQJ ZLWK /HPRQ 7RSSLQJ

¶V

Â…

HDFK

S

6WLFN\ 7RIIHH 6SRQJH 3XGGLQJ ZLWK 7RIIHH 7RSSLQJ

¶V

Â…

HDFK

S

6WUDZEHUU\ -DP 6SRQJH 3XGGLQJ ZLWK 6WUDZEHUU\ 7RSSLQJ

¶V

Â…

HDFK

S

6\UXS 6SRQJH 3XGGLQJ ZLWK 6\UXS 7RSSLQJ 6SRWWHG 'LFN 6SRQJH 3XGGLQJ 1R WRSSLQJ

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

0LQ 3DFN

3DFN 3ULFH

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

)UHH]HU WR 7DEOH 'HVVHUWV 3UH FXW

%DQRI¿ &UHDP 3LH

6HUYH WKHVH LQGLYLGXDO KRW VSRQJH SXGGLQJV IURP IUHH]HU WR FRQWHQWHG FXVWRPHU LQ OHVV WKDQ PLQXWHV DQG ZLWK RQO\ WKH VHUYLQJ GLVK WR ZDVK XS

$ FKHZ\ EDQDQD ÀDYRXU PRXVVH ULSSOHG ZLWK FKRFRODWH QHVWOLQJ RQ D WKLFN OD\HU RI WRIIHH FUHDP PRXVVH WRSSHG ZLWK ULFK FKRFRODWH

&KRFNDURFND &UHDP 3LH $ URXQG FKRFRODWH ELVFXLW EDVH WRSSHG ZLWK ULSSOHV RI ZKLWH DQG PLON FKRFRODWH ÀDYRXU PRXVVH ¿OOLQJ WKHQ VXUURXQGHG E\ SODLQ DQG FKRFRODWH ÀDYRXU VWULSHG VSRQJH )LQLVKHG ZLWK OD\HU RI FKRFRODWH IXGJH

+DQN\ 3DQN\ &KRFRODWH &UHDP 3LH $ URXQG FKRFRODWH ELVFXLW EDVH OD\HUHG ZLWK ODVKLQJV RI ZKLWH DQG PLON FKRFRODWH ÀDYRXU PRXVVH WRSSHG ZLWK YDQLOOD PRXVVH DQG HQUREHG ZLWK FKRFRODWH JDQDFKH DQG ¿QLVKHG ZLWK ZKLWH FKRFRODWH SLHFHV

7HQQHVVHH 7RIIHH &UHDP 3LH $ ULFK WRIIHH ÀDYRXUHG PRXVVH VLWWLQJ RQ D FUXQFK\ ELVFXLW EDVH DQG WRSSHG ZLWK ULFK FKRFRODWH PRXVVH DQG FDUDPHO EORVVRPV 6HUYH LFH FRRO

6LPSO\ 6WUDZEHUU\ $ GHOLFLRXV EXWWHU\ VKRUWEUHDG EDVH WRSSHG ZLWK VRIW FUHDP\ VWUDZEHUU\ FKHHVHFDNH PL[ DQG ¿QLVKHG ZLWK D VLPSOH VXJDU WUHOOLV 3UH SRUWLRQHG LQWR

&KRFRODWH )XGJH ,FH &UHDP &DNH &KRFRODWH LFH FUHDP RQ D FKRFRODWH VSRQJH FRDWHG LQ FKRFR ODWH IXGJH JDQDFKH

3RUWLRQ 3WQ 6L]H FRVW

+RW 6SRQJH 3XGGLQJV ZLWK 6DXFH

OLVWLQJ FRQWLQXHG

&KRFRODWH )XGJH ,FH &UHDP &DNH SWQV S SWQ

&KRFRODWH LFH FUHDP RQ D FKRFRODWH VSRQJH FRDWHG LQ FKRFRODWH IXGJH JDQDFKH


&LWUXV ,FH &UHDP &DNH

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

0LQ 3DFN

3DFN 3ULFH

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

J

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

/HPRQ LFH FUHDP RQ OHPRQ VSRQJH FRDWHG LQ OHPRQ JDQDFKH

7RIIHH ,FH &UHDP &DNH 7RIIHH LFH FUHDP RQ WRIIHH VSRQJH FRDWHG ZLWK WRIIHH JDQDFKH

/LJKWO\ /HP P RQ\ ,FH &UHDP &DNH $ OLJKWO\ /HP P RQ\ VKHUEHW RQ D FUXQFK\ ELVFXLW EDVH WRSSHG ZLWK IUHH]HU WR WDEOH PRXVVH ULSSOHG ZLWK OHPRQ FXUG DQG VSULQNOHG ZLWK D FUXQFK\ FUXPEOH 3UH SRUWLRQHG DQG UHDG\ WR VHUYH IURP WKH IUHH]HU LQ PLQXWHV

,FH &UHDP &DNHV DUH VXEMHFW WR 9 $ 7

3UH SRUWLRQHG 'HVVHUWV

$ODEDPD &KRFRODWH )XGJH &DNH

3RUWLRQ 3WQ 6L]H FRVW

$ ULFK PRLVW FKRFRODWH FDNH VXUURXQGHG E\ ULFK JRRH\ FKRFRODWH IXGJH $OVR DYDLODEOH XQ SRUWLRQHG

$OPRQG 7DUWD ZLWK 'LPH %DU &RPELQHV DQ LUUHVLVWLEOH DOPRQG ELVFXLW EDVH DQG JROGHQ EXWWHU FUHDP ZLWK FUXQFK\ DOPRQG FDUDPHO DOO FRYHUHG LQ VPRRWK PLON FKRFRODWH

$SSOH 3LH %LJ %UDPOH\ 3UH FXW SWQ S SWQ

$ 7$// IXOO\ EDNHG DQG SUH FXW JLDQW RI D SLH DQG DV JRRG DV LW LV %,*

$SSOH 3LH %LJ %UDPOH\ 3UH FXW SWQ $ 7$// IXOO\ EDNHG DQG SUH FXW JLDQW RI D SLH DQG DV JRRG DV LW LV %,*

%DNHZHOO 7DUW

6ZHHWV 3XGGLQJV DQG 'HVVHUWV

)UHH]HU WR 7DEOH 'HVVHUWV 3UH FXW &RQWLQXHG

$ WUDGLWLRQDO VKRUW FUXVW SDVWU\ FDVH GHHS ¿OOHG ZLWK %DNHZHOO DQG OD\HUHG ZLWK UDVSEHUU\ MDP VSULQNOHG ZLWK DOPRQGV DQG EDNHG JROGHQ EURZQ

%HDVW RI %DQRIIHH $ FUXPEO\ ELVFXLW EDVH UHDO EDQDQDV DQG WRIIHH VDXFH KLGGHQ EHORZ D WRSSLQJ RI FUqPH SDWLVVHULH GDLU\ FUHDP DQG FKRFRODWH ÀDNHV

%HOJLDQ &KRFRODWH 7DUW %DNHG FKRFRODWH WDUW LQ D EXWWHU SDVWU\ ZLWK %HOJLDQ FKRFRODWH

%LJ $SSOH DQG %ODFNEHUU\ 3LH FP GLDPHWHU DQG 7$// ZHLJKV .J )XOO\ EDNHG DQG SUH FXW LQ ¶V 0LFURZDYH D IUR]HQ SRUWLRQ LQ PLQXWHV DQG VHUYH ZLWK RXU FXVWDUG RU 9DQLOOD 3RG ,FH &UHDP

%UHDG DQG %XWWHU 3XGGLQJ 7UDGLWLRQDO EUHDG DQG EXWWHU SXGGLQJ ZLWK VXOWDQDV DQG EXWWHU

&DUURW DQG 2UDQJH &DNH $ ULFK FDUURW DQG RUDQJH FDNH ¿OOHG ZLWK FUHDP FKHHVH ÀDYRXUHG IURVWLQJ

&KRFRODWH DQG $PDUHWWR &KHHVHFDNH &KRFRODWH ELVFXLW EDVH WRSSHG ZLWK FKRFRODWH DQG DPDUHWWR FKHHVHFDNH GHFRUDWHG ZLWK FKRFRODWH JOD]H FKRFRODWH VKDYLQJV DQG ÀDNHG KD]HOQXWV

&KRFRODWH DQG 0LQW &RQWUDVW /D\HUV RI FKRFRODWH VSRQJH WRSSHG ZLWK GDUN FKRFRODWH ZKLWH FKRFRODWH DQG PLQW JDQDFKH 'HFRUDWHG ZLWK FRQWUDVWLQJ PDUEOHG FKRFRODWH JOD]HV ,QWHUOHDYHG

0DVFDUSRQH DQG /HPRQ &KHHVHFDNH %LVFXLW EDVH WRSSHG ZLWK D ]HVW\ PDVFDUSRQH DQG OHPRQ FKHHVHFDNH JOD]HG ZLWK OHPRQ FXUG FUHDP WRSSHG ZLWK ÀDNHG DOPRQGV DQG LFLQJ VXJDU

0LVVLVVLSSL 0XG 3LH &KHZ\ IXGJH EURZQLH WRSSHG ZLWK GDUN FKRFRODWH PRXVVH DQG ULFK FRIIHH FUHDP WRSSHG RII ZLWK D MXPEOH RI SHFDQV FKRFRODWH FKXQNV DQG ERXUERQ ELVFXLW FUXPEOH

2ULJLQDO &KRFRODWH )XGJH &DNH $ ULFK PRLVW FKRFRODWH FDNH VXUURXQGHG E\ D ULFK DQG JRRH\ FKRFRODWH IXGJH $OVR DYDLODEOH XQ SRUWLRQHG

0DVFDUSRQH /HPRQ &KHHVHFDNH SWQ S SWQ

%LVFXLW EDVH WRSSHG ZLWK D ]HVW\ PDVFDUSRQH DQG OHPRQ FKHHVHFDNH JOD]HG ZLWK OHPRQ FXUG FUHDP WRSSHG ZLWK ÀDNHG DOPRQGV DQG LFLQJ VXJDU

5KXEDUE DQG 9DQLOOD &KHHVHFDNH %LVFXLW EDVH OD\HUHG ZLWK UKXEDUE FRPSRWH WRSSHG ZLWK D EDNHG YDQLOOD FKHHVHFDNH WRSSHG ZLWK FKRSSHG UKXEDUE ÀDNHG DOPRQGV DQG LFLQJ VXJDU

6ZHHWV 3XGGLQJV DQG 'HVVHUWV

&DUDPHO $SSOH 3LH *UDQQ\ SWQ S SWQ

6OLFHG DSSOHV OD\HUHG DQG ODFHG ZLWK WKH VPRRWKHVW ULFKHVW FXVWDUG DQG WRSSHG ZLWK FDUDPHO $OVR DYDLODEOH XQ SRUWLRQHG

&DUDPHO $SSOH 3LH *UDQQ\

6OLFHG DSSOHV OD\HUHG DQG ODFHG ZLWK WKH VPRRWKHVW ULFKHVW FXVWDUG DQG WRSSHG ZLWK FDUDPHO $OVR DYDLODEOH XQ SRUWLRQHG

OLVWLQJ FRQWLQXHG


6ZHHWV 3XGGLQJV DQG 'HVVHUWV

3UH SRUWLRQHG 'HVVHUWV &RQWLQXHG

5RFN\ 5RDG 3LH

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

[ SWQ Â…

HDFK

S

HDFK

S

&KRFRODWH ELVFXLW EDVH WRSSHG ZLWK D GDUN FKRFRODWH PRXVVH VWXGGHG ZLWK $PDUHWWL ELVFXLWV DQG JODFp FKHUULHV 'HFRUDWHG ZLWK D PLON FKRFRODWH JOD]H VFDWWHUHG ZLWK FKRFRODWH VKDYLQJV DQG SHFDQV

7DUWH $X &LWURQ $ VZHHW VKRUW FUXVW SDVWU\ PDGH XVLQJ D WUDGLWLRQDO )UHQFK UHFLSH ¿OOHG ZLWK D WDQJ\ OHPRQ HJJ FXVWDUG DQG GXVWHG ZLWK LFLQJ VXJDU

7RIIHH &UXQFK 3LH ZLWK 'LPH %DUV 'DUN FKRFRODWH 2UHR SDVWU\ EDVH ¿OOHG ZLWK OXVFLRXV OD\HUV RI VPRRWK WRIIHH FKRFRODWH JDQDFKH DQG PRXVVH DOO ZLWK WKDW EXWWHU\ 'LPH EDU ÀDYRXU DQG ¿QLVKHG ZLWK SLHFHV RI 'LPH %DU

7UHDFOH /DWWLFH 7DUW $ VZHHW VKRUW FUXVW SDVWU\ FDVH ZLWK D KLQW RI OHPRQ SDFNHG ZLWK OLJKW WUHDFOH ¿OOLQJ DQG ¿QLVKHG ZLWK D JOD]HG ODWWLFH SDVWU\ WRS 7KLV WUDGLWLRQDO %ULWLVK GHVVHUW LV D SHUHQQLDO IDYRXULWH DQG EHLQJ SUH FXW DQG WKDZ¶Q¶VHUYH HLWKHU ZDUP RU FROG LW FRXOGQ¶W EH HDVLHU

:KLWH &KRFRODWH 7LUDPLVX

SWQ

Â…

7KUHH OD\HUV RI ULSSOHG VSRQJH VRDNHG LQ FRIIHH V\UXS ¿OOHG ZLWK ZKLWH FKRFRODWH PDVDOD DQG PDVFDUSRQH FUHDP GHFRUDWHG ZLWK D GXVWLQJ RI FKRFRODWH SRZGHU

7DUWH $X &LWURQ SWQ S SWQ

$ VZHHW VKRUW FUXVW SDVWU\ PDGH XVLQJ D WUDGLWLRQDO )UHQFK UHFLSH ¿OOHG ZLWK D WDQJ\ OHPRQ HJJ FXVWDUG DQG GXVWHG ZLWK LFLQJ VXJDU

:KLWH DQG 'DUN &KRFRODWH 7UXIÀH %DNHG &KHHVHFDNH SWQ …

HDFK

S

$ GLJHVWLYH ELVFXLW EDVH ¿OOHG ZLWK D ULFK FRQWUDVWLQJ FKHHVHFDNH GHFRUDWHG ZLWK PDUEOH ZKLWH DQG GDUN FKRFRODWH JOD]HV

$PHULFDQ 6W\OH 7KHPHG 'HVVHUWV

$ODEDPD &KRFRODWH )XGJH &DNH

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

$ ULFK PRLVW FKRFRODWH FDNH VXUURXQGHG E\ D ULFK DQG JRRH\ FKRFRODWH IXGJH $OVR DYDLODEOH SRUWLRQHG

7RIIHH &UXQFK 3LH ZLWK 'LPH %DUV 'DUN FKRFRODWH 2UHR SDVWU\ EDVH ¿OOHG ZLWK OXVFLRXV OD\HUV RI VPRRWK WRIIHH FKRFRODWH JDQDFKH DQG PRXVVH DOO ZLWK WKDW EXWWHU\ 'LPH EDU ÀDYRXU DQG ¿QLVKHG ZLWK SLHFHV RI 'LPH %DU 3UH SRUWLRQHG

/HPRQ &KLIIRQ 6XUSULVH $ WDQJ\ OHPRQ FUHDP PRXVVH UHVWLQJ RQ D OD\HU RI OHPRQ FDNH OHPRQ LFLQJ DQG D ULFK VKRUWFDNH ELVFXLW EDVH 7RSSHG ZLWK D FUHVFHQGR RI VZLUOLQJ IUHVK FUHDP DQG D OHPRQ FXUG GUL]]OHG VDXFH

2ULJLQDO &KRFRODWH )XGJH &DNH $ ULFK PRLVW FKRFRODWH FDNH VXUURXQGHG E\ D ULFK DQG JRRH\ FKRFRODWH IXGJH $OVR DYDLODEOH SRUWLRQHG

6ZHHWV 3XGGLQJV DQG 'HVVHUWV

3DVVLRQ &DNH

3DVVLRQ &DNH SWQ S SWQ

$ ULFK DQG PRLVW FDUURW FDNH PDGH ZLWK SLQHDSSOH ZDOQXWV FDUURWV DQG VSLFHV ¿OOHG DQG FRYHUHG ZLWK WDQJ\ SDVVLRQ FUHDP

&ODVVLF 'HVVHUWV

%HOJLDQ &KRFRODWH 7DUW

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

[ SWQ

Â…

HDFK

S

$ ULFK DQG PRLVW FDUURW FDNH PDGH ZLWK SLQHDSSOH ZDOQXWV FDUURWV DQG VSLFHV ¿OOHG DQG FRYHUHG ZLWK WDQJ\ SDVVLRQ FUHDP

%DNHG FKRFRODWH WDUW LQ D EXWWHU SDVWU\ ZLWK %HOJLDQ FKRFRODWH

%ODFN )RUHVW 7RUWH 0RUHOOR FKHUULHV ZLWK OD\HUV RI OLJKW VSRQJH IUHVK FUHDP NLUVFK OLTXHXU VHW RQ D ELVFXLW EDVH DQG GHFRUDWHG ZLWK FRQIHFWLRQHUV FKRFRODWH

%UHDG DQG %XWWHU 3XGGLQJ 7UDGLWLRQDO EUHDG DQG EXWWHU SXGGLQJ ZLWK VXOWDQDV DQG EXWWHU

&KRFRODWH -XQN\DUG &KRFRODWH SDVWU\ FDVH ¿OOHG ZLWK D EDVH RI %HOJLDQ &KRFRODWH JDQDFKH DQG FKRFRODWH PRXVVH GHFRUDWHG ZLWK SRSXODU FKRFRODWH VZHHWV SLOHG KLJK ZLWK FKRFRODWH VKDYLQJV

&KRFRODWH 7RUWH /D\HUV RI &KRFRODWH VSRQJH ZLWK D OLJKW FKRFRODWH ÀDYRXU FUHDP GHFRUDWHG ZLWK URVHWWHV DQG FKRFRODWH SRZGHU GXVWLQJ

)UXLWV RI WKH )RUHVW 7RUWH $ IUXLW\ WRUWH ODGHQ ZLWK UDVSEHUULHV EOXHEHUULHV EODFNEHUULHV DQG UHGFXUUDQWV RQ D OLJKW VSRQJH ¿OOHG ZLWK YDQLOOD FUHDP

/HPRQ 0HULQJXH 3LH 6PDOO SWQ 5LFK VKRUW SDVWU\ FDVH ¿OOHG ZLWK WDQJ\ OHPRQ DQG WRSSHG ZLWK OLJKWO\ WRDVWHG $PHULFDQ VW\OH PHULQJXH

)UXLWV RI WKH )RUHVW 7RUWH SWQ S

OLVWLQJ FRQWLQXHG

$ IUXLW\ WRUWH ODGHQ ZLWK UDVSEHUULHV EOXHEHUULHV EODFNEHUULHV DQG UHGFXUUDQWV RQ D OLJKW VSRQJH ¿OOHG ZLWK YDQLOOD FUHDP


0LQ 3DFN

3DFN 3ULFH

/HPRQ 0HULQJXH 3LH

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

[ SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

[ SWQ Â…

HDFK

S

3RUWLRQ 3WQ 6L]H FRVW

$ VZHHW SDVWU\ FDVH ¿OOHG ZLWK D OD\HU RI OHPRQ ¿OOLQJ WRSSHG ZLWK ZKLSSHG PHULQJXH DQG EDNHG

0RXVVH DX &KRFRODW :KLWH PLON DQG GDUN FKRFRODWH PRXVVH FUHDP ZLWK FUXQFK\ FKRFRODWH EDOOV RQ D GDUN VSRQJH DQG FULVS VKRUW FUXVW SDVWU\ EDVH FRYHUHG ZLWK D ¿QH FKRFRODWH LFLQJ

5RXODGH 5XP DQG %ODFN &KHUU\ &KRFRODWH VSRQJH PRLVWHQHG ZLWK GDUN UXP OD\HUHG ZLWK MDP DQG ¿OOHG ZLWK IUHVK FUHDP PDUEOHG ZLWK FKHUULHV 'HFRUDWHG ZLWK ZKLWH FKRFRODWH JDQDFKH DQG VSULQNOHG ZLWK ZKLWH FKRFRODWH VKDYLQJV

3HDFK 0HOED 7RUWH 3HDFK ÀDYRXU FUHDP ZLWK D UDVSEHUU\ ¿OOLQJ EHWZHHQ OD\HUV RI VSRQJH RQ D VKRUW FUXVW ELVFXLW EDVH WRSSHG ZLWK UDVSEHUU\ URVHWWHV DQG URDVWHG DOPRQG ÀDNHV

3UR¿WHUROHV ZLWK &KRFRODWH 6DXFH DSSUR[

&KRX[ SDVWU\ EXQV ¿OOHG ZLWK IUHVK FUHDP 6LPSO\ WKDZ DQG VHUYH RU FRYHUHG LQ WKH %HOJLDQ FKRFRODWH VDXFH ZKLFK LV LQFOXGHG LQ VHSDUDWH PO VTXHH]H SDFNV

0RXVVH DX &KRFRODW SWQ S SWQ

5DVSEHUU\ %RXUERQ 9DQLOOD 7RUWH %RXUERQ YDQLOOD ÀDYRXUHG FUHDP EHWZHHQ OD\HUV RI OLJKW YDQLOOD DQG FKRFRODWH VSRQJH RQ D VKRUW FUXVW SDVWU\ EDVH 6LGH GHFRUDWHG ZLWK ZKLWH FKRFRODWH SLHFHV DQG JHQHURXVO\ WRSSHG ZLWK ZKROH UDVSEHUULHV

:KLWH PLON DQG GDUN FKRFRODWH PRXVVH FUHDP ZLWK FUXQFK\ FKRFRODWH EDOOV RQ D GDUN VSRQJH DQG FULVS VKRUW FUXVW SDVWU\ EDVH FRYHUHG ZLWK D ¿QH FKRFRODWH LFLQJ

6KHUU\ 7ULÀH

6ZHHWV 3XGGLQJV DQG 'HVVHUWV

&ODVVLF 'HVVHUWV &RQWLQXHG

0DGH ZLWK VSRQJH SLHFHV VRDNHG OLEHUDOO\ LQ VKHUU\ WKLV WULÀH LV KDQG PDGH ZLWK FXVWDUG ¿OOLQJ DQG DQ DWWUDFWLYH ZKLSSHG FUHDP WRSSLQJ

6WUDZEHUU\ DQG &ORWWHG &UHDP 7RUWH $ ODUJH VZHHW SDVWU\ FDVH ¿OOHG ZLWK D IUHVK FUHDP VWUDZEHUU\ PRXVVH GHFRUDWHG ZLWK VWUDZEHUU\ KDOYHV ZLWK D ERUGHU RI SLSHG FORWWHG FUHDP GHFRUDWHG ZLWK FKRFRODWH UXQ RXWV

7LUDPLVX +DQGPDGH XVLQJ RQO\ WKH ¿QHVW DXWKHQWLF LQJUHGLHQWV /D\HUV RI HVSUHVVR VRDNHG VDYLRDUGL ELVFXLWV DQG ULFK PDVFDUSRQH FUHDP

*RRG 9DOXH *DWHDX[ DQG 7RUWHV

%ODFN )RUHVW 7RUWH 0RUHOOR FKHUULHV ZLWK OD\HUV RI OLJKW VSRQJH IUHVK FUHDP NLUVFK OLTXHXU VHW RQ D ELVFXLW EDVH DQG GHFRUDWHG ZLWK FRQIHFWLRQHU¶V FKRFRODWH

&KRFRODWH 7RUWH /D\HUV RI &KRFRODWH VSRQJH ZLWK D OLJKW FKRFRODWH ÀDYRXU FUHDP GHFRUDWHG ZLWK URVHWWHV DQG FKRFRODWH SRZGHU GXVWLQJ

)UXLWV RI )RUHVW 7RUWH $ IUXLW\ WRUWH ODGHQ ZLWK UDVSEHUULHV EOXHEHUULHV EODFNEHUULHV DQG UHGFXUUDQWV RQ D OLJKW VSRQJH ¿OOHG ZLWK YDQLOOD FUHDP

/HPRQ 0HULQJXH 3LH ± 6PDOO SWQ 5LFK VKRUW SDVWU\ FDVH ¿OOHG ZLWK WDQJ\ OHPRQ DQG WRSSHG ZLWK OLJKWO\ WRDVWHG $PHULFDQ VW\OH PHULQJXH

0RXVVH DX &KRFRODW :KLWH PLON DQG GDUN FKRFRODWH PRXVVH FUHDP ZLWK FUXQFK\ FKRFRODWH EDOOV RQ GDUN VSRQJH DQG FULVS VKRUW FUXVW SDVWU\ EDVH FRYHUHG ZLWK D ¿QH FKRFRODWH LFLQJ

3HDFK 0HOED 7RUWH 3HDFK ÀDYRXU FUHDP ZLWK D UDVSEHUU\ ¿OOLQJ EHWZHHQ OD\HUV RI VSRQJH RQ D VKRUW FUXVW ELVFXLW EDVH WRSSHG ZLWK UDVSEHUU\ URVHWWHV DQG URDVWHG DOPRQG ÀDNHV

5DVSEHUU\ %RXUERQ 9DQLOOD 7RUWH %RXUERQ YDQLOOD ÀDYRXUHG FUHDP EHWZHHQ OD\HUV RI OLJKW YDQLOOD DQG FKRFRODWH VSRQJH RQ D VKRUW FUXVW SDVWU\ EDVH 6LGH GHFRUDWHG ZLWK ZKLWH FKRFRODWH SLHFHV DQG JHQHURXVO\ WRSSHG ZLWK ZKROH UDVSEHUULHV

6WUDFFLDWHOOD .LUVFK 7RUWH /D\HUV RI FKRFRODWH VSRQJH FRYHUHG LQ FKRFRODWH SLHFHV VXVSHQGHG LQ D YDQLOOD ÀDYRXUHG FUHDP RQ D VKRUW FUXVW SDVWU\ EDVH

6WUDZEHUU\ *DWHDX 5HDO GDLU\ FUHDP DQG VWUDZEHUU\ ¿OOLQJ OD\HUHG EHWZHHQ D OLJKW VSRQJH 'HFRUDWHG ZLWK FUHDP URVHWWHV DQG FRYHUHG ZLWK ZKROH IUXLW VWUDZEHUU\ WRSSLQJ

3HDFK 0HOED 7RUWH SWQ S SWQ

3HDFK ÀDYRXU FUHDP ZLWK D UDVSEHUU\ ¿OOLQJ EHWZHHQ OD\HUV RI VSRQJH RQ D VKRUW FUXVW ELVFXLW EDVH WRSSHG ZLWK UDVSEHUU\ URVHWWHV DQG URDVWHG DOPRQG ÀDNHV

7UHDFOH /DWWLFH 7DUW $ VZHHW VKRUW FUXVW SDVWU\ FDVH ZLWK D KLQW RI OHPRQ SDFNHG ZLWK OLJKW WUHDFOH ¿OOLQJ DQG ¿QLVKHG ZLWK D JOD]HG ODWWLFH SDVWU\ WRS 7KLV WUDGLWLRQDO %ULWLVK GHVVHUW LV D SHUHQQLDO IDYRXULWH DQG EHLQJ SUH FXW DQG WKDZ¶Q¶VHUYH HLWKHU ZDUP RU FROG LW FRXOGQ¶W EH HDVLHU

6ZHHWV 3XGGLQJV DQG 'HVVHUWV

/HPRQ 0HULQJXH 3LH 6PDOO [ SWQ S SWQ

5LFK VKRUW SDVWU\ FDVH ¿OOHG ZLWK WDQJ\ OHPRQ DQG WRSSHG ZLWK OLJKWO\ WRDVWHG $PHULFDQ VW\OH PHULQJXH

'RXEOH &KRFRODWH *DWHDX 5LFK FKRFRODWH VSRQJH VPRWKHUHG ZLWK FKRFRODWH IURVWLQJ DQG GHFRUDWHG ZLWK VXPSWXRXV FKRFRODWH ÀDYRXUHG FXUOV


70

&DUU\ 2Q &DUDPHO &KHHVHFDNH

2Q D FUXQFK\ FRRNLH EDVH IUHVK FUHDP ILOOHG SURILWHUROHV LPPHUVHG LQ YDQLOOD FKHHVHFDNH DQG WRSSHG ZLWK 'XOFKH GH /HFKH FDUDPHO S SWQ

6LFLOLDQ /HPRQ 3DYORYD &KHHVHFDNH

&ODVVLF GHHS YDQLOOD FKHHVHFDNH OD\HUHG ZLWK WKLFN OHPRQ FXUG DQG WRSSHG ZLWK KRPHPDGH FUXPEO\ PHULQJXH $OO RQ D FUXQFK\ GLJHVWLYH ELVFXLW EDVH S SWQ

:D\ WR $PDULOOR &KHHVHFDNH 9DQLOOD FKHHVHFDNH ILOOHG ZLWK UDVSEHUU\ FKXQNV DQG WRSSHG ZLWK D WKLFN OD\HU RI OHPRQ FXUG S SWQ

*ROGHQ 1XJJHW +RQH\FRPE &KHHVHFDNH &UHDP\ YDQLOOD FKHHVHFDNH RQ D FUXQFK\ ELVFXLW EDVH ILOOHG DQG SLOHG KLJK ZLWK FUXQFK\ KRQH\FRPE S SWQ

$(52 0LON &KRFRODWH %XEEOH 7URXEOH 'UHDP\ YDQLOOD FKHHVHFDNH ILOOHG DQG WRSSHG ZLWK WKHVH DPD]LQJ ELVFXLW EDOOV S SWQ

/X[H 7LUDPLVX

+DQGPDGH XVLQJ RQO\ WKH ILQHVW DXWKHQWLF LQJUHGLHQWV /D\HUV RI HVSUHVVR VRDNHG VDYLRDUGL ELVFXLWV DQG ULFK PDVFDUSRQH FUHDP S SWQ


70

6WUDZEHUU\ 4XHHQ &KHHVHFDNH 2XU RULJLQDO FKHHVHFDNH ZLWK DGGHG &RUQLVK FORWWHG FUHDP 7RSSHG ZLWK SOXPS VWUDZEHUU\ KDOYHV DQG GUL]]OHG ZLWK %HOJLDQ ZKLWH FKRFRODWH S SWQ

0RFFD &KRFFD %ORFFD &KHHVHFDNH &KRFRODWH WUXIIOH FKHHVHFDNH ILOOHG ZLWK D KXJH VODE RI FKHZ\ FKRFRODWH EURZQLH VRDNHG LQ HVSUHVVR FRIIHH WKHQ WRSSHG ZLWK ORDGV PRUH EURZQLH FKXQNV S SWQ

&RRNLHV DQG &UHDP &KHHVHFDNH :KLWH FKRFRODWH FKHHVHFDNH EOHQGHG ZLWK FUXVKHG FUHDP FRRNLHV RQ D FKRFRODWH FRRNLH EDVH 7RSSHG ZLWK ORDGV PRUH FUHDP FRRNLHV S SWQ

6WLFN\ 7RIIHH $SSOH &KHHVHFDNH 'HOLFLRXV YDQLOOD FKHHVHFDNH ZLWK D WKLFN OD\HU RI WRIIHH DQG WRSSHG ZLWK FLQQDPRQ DSSOH FKXQNV $OO RQ D FUXQFK\ GLJHVWLYH EDVH S SWQ


6ZHHWV 3XGGLQJV DQG 'HVVHUWV

&KHHVHFDNHV

3ODLQ /X[XU\ &ROG 6HW 'HHS &KHHVHFDNH

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

&KRFRODWH /XPS\ %XPS\ &KHHVHFDNH SWQ Â… SWQ

$ OD\HU RI OLJKW FKRFRODWH IXGJH FDNH WRSSHG ZLWK ULFK FKRFRODWH DQG FUHDP\ FKHHVHFDNH PRXVVH HQUREHG LQ FKRFRODWH JDQDFKH VSULQNOHG ZLWK SHFDQ QXWV DQG FKRFRODWH

$ ¿UP URXQG ELVFXLW EDVH ZLWK WUDGLWLRQDO FROG VHW FKHHVHFDNH WRSSLQJ SHUIHFW IRU ¿QLVKLQJ LQ \RXU RZQ LPDJLQDWLYH ZD\

%ODFNFXUUDQW DQG &UqPH )UDLFKH &KHHVHFDNH $ SODLQ ELVFXLW EDVH ZLWK EDNHG FKHHVHFDNH ZLWK FUqPH IUDLFKH ULSSOHG ZLWK MXLF\ EODFNFXUUDQW SLHFHV WRSSHG ZLWK EODFNFXUUDQW JOD]H

&KRFRODWH DQG $PDUHWWR &KHHVHFDNH &KRFRODWH ELVFXLW EDVH WRSSHG ZLWK FKRFRODWH DQG DPDUHWWR FKHHVHFDNH GHFRUDWHG ZLWK FKRFRODWH JOD]H FKRFRODWH VKDYLQJV DQG ÀDNHG KD]HOQXWV

&KRFRODWH /XPS\ %XPS\ &KHHVHFDNH $ OD\HU RI OLJKW FKRFRODWH IXGJH FDNH WRSSHG ZLWK ULFK FKRFRODWH DQG FUHDP\ FKHHVHFDNH PRXVVH HQUREHG LQ FKRFRODWH JDQDFKH VSULQNOHG ZLWK SHFDQ QXWV DQG FKRFRODWH

&UDQEHUU\ DQG :KLWH &KRFRODWH &KHHVHFDNH 3 FXW $ EDNHG ZKLWH FKRFRODWH FKHHVHFDNH ZLWK FUDQEHUULHV RQ D 6KRUWEUHDG ELVFXLW EDVH VSULQNOHG ZLWK ZKLWH FKRFRODWH ÀDNHV

,ULVK &UHDP /XPS\ %XPS\ $ PRLVW VSRQJH EDVH OD\HUHG ZLWK LULVK FUHDP ÀDYRXUHG PRXVVH DQG OXPS\ EXPS\ FKHHVHFDNH

/HPRQ &ROGVHW &KHHVHFDNH

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK Â…

7KLFN FUHDP\ DQG WRWDOO\ OHPRQ\ 0DGH ZLWK UHDO OHPRQV FUHDP FKHHVH DQG FUHDP VORZO\ PL[HG DQG WRSSHG ZLWK QDWXUDO OHPRQ FXUG

/HPRQ 0HULQJXH &KHHVHFDNH $ GLJHVWLYH ELVFXLW EDVH WRSSHG ZLWK XQGXODWLQJ OD\HUV RI FKHHVHFDNH DQG OHPRQ ¿OOLQJ )LQLVKHG ZLWK SHDNV RI PHULQJXH

0DVFDUSRQH DQG /HPRQ &KHHVHFDNH %LVFXLW EDVH WRSSHG ZLWK D ]HVW\ PDVFDUSRQH DQG OHPRQ FKHHVHFDNH JOD]HG ZLWK OHPRQ FXUG FUHDP WRSSHG ZLWK ÀDNHG DOPRQGV DQG LFLQJ VXJDU

5DVSEHUU\ DQG :KLWH &KRFRODWH &KHHVHFDNH 6LONHQ VPRRWK \HW UHIUHVKLQJO\ OLJKW ZKLWH FKRFRODWH FKHHVH DOO D VZLUO ZLWK YLEUDQW UHG UDVSEHUU\

5KXEDUE DQG 9DQLOOD &KHHVHFDNH %LVFXLW EDVH OD\HUHG ZLWK UKXEDUE FRPSRWH WRSSHG ZLWK D EDNHG YDQLOOD FKHHVHFDNH WRSSHG ZLWK FKRSSHG UKXEDUE ÀDNHG DOPRQGV DQG LFLQJ VXJDU

6WUDZEHUU\ (DWRQ 0HVV &KHHVHFDNH $ URXQG RDW ELVFXLW EDVH WRSSHG ZLWK OLJKW DQG FUHDP\ FROG VHW FKHHVHFDNH ULSSOHG ZLWK MXLF\ VWUDZEHUU\ SLHFHV DQG ¿QLVKHG ZLWK EURNHQ PHULQJXH SLHFHV DQG VWUDZEHUU\ JOD]H

6ZHHWV 3XGGLQJV DQG 'HVVHUWV

7RIIHH /XPS\ %XPS\ &KHHVHFDNH

$ URXQG RDW ELVFXLW EDVH WRSSHG ZLWK OLJKW DQG FUHDP\ FROG VHW FKHHVHFDNH ULSSOHG ZLWK MXLF\ VWUDZEHUU\ SLHFHV DQG ¿QLVKHG ZLWK EURNHQ PHULQJXH SLHFHV DQG VWUDZEHUU\ JOD]H

$ PRLVW WRIIHH ÀDYRXUHG VSRQJH EDVH OD\HUHG ZLWK WRIIHH ÀDYRXUHG PRXVVH DQG OXPS\ EXPS\ FKHHVHFDNH (QUREHG ZLWK FDUDPHO FRORXUHG FKRFRODWH FRDWLQJ WKHQ WRSSHG ZLWK FKRFRODWH DQG FDUDPHO SLHFHV DQG FKRFRODWH IXGJH

7RIIHH 3HFDQ &KHHVHFDNH

6WUDZEHUU\ (DWRQ 0HVV &KHHVHFDNH SWQ S SWQ

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

$ GLJHVWLYH ELVFXLW EDVH WRSSHG ZLWK EDNHG FKHHVHFDNH ULSSOHG ZLWK VRIW WRIIHH )LQLVKHG ZLWK WRIIHH JOD]H VSULQNOHG ZLWK SHFDQ SLHFHV DQG FULVV FURVVHG ZLWK ZKLWH LFLQJ DQG FKRFRODWH ÀDYRXU JOD]H

:KLWH DQG 'DUN &KRFRODWH 7UXIÀH &KHHVHFDNH $ GLJHVWLYH ELVFXLW EDVH ¿OOHG ZLWK D ULFK DQG FRQWUDVWLQJ EDNHG ZKLWH DQG GDUN FKRFRODWH FKHHVHFDNH GHFRUDWHG ZLWK PDUEOH ZKLWH DQG GDUN FKRFRODWH JOD]HV

7KH (QJOLVK &KHHVHFDNH &RPSDQ\ ± /X[XU\ &KHHVHFDNHV

&DUU\ RQ &DUDPHO &KHHVHFDNH $ FUXQFK\ FRRNLH EDVH WRSSHG ZLWK IUHVK FUHDP ¿OOHG SUR¿WHUROHV LPPHUVHG LQ YDQLOOD FKHHVHFDNH DQG WRSSHG ZLWK OLTXLG FDUDPHO

&RRNLHV DQG &UHDP &KHHVHFDNH :KLWH FKRFRODWH FKHHVHFDNH EOHQGHG ZLWK FUXVKHG FUHDP FRRNLHV RQ D FKRFRODWH FRRNLH EDVH 7RSSHG ZLWK DQ RYHUORDG RI PRUH FUXVKHG FUHDP FRRNLHV

*ROGHQ 1XJJHW +RQH\FRPE &KHHVHFDNH 'HOLFLRXVO\ FUHDP\ YDQLOOD FKHHVHFDNH RQ D FUXQFK\ ELVFXLW EDVH ¿OOHG DQG WRSSHG ZLWK ORDGV RI FUXQFK\ FKRFRODWH KRQH\FRPE OLVWLQJ FRQWLQXHG

7RIIHH 3HFDQ &KHHVHFDNH SWQ S $ GLJHVWLYH ELVFXLW EDVH WRSSHG ZLWK EDNHG FKHHVHFDNH ULSSOHG ZLWK VRIW WRIIHH )LQLVKHG ZLWK WRIIHH JOD]H VSULQNOHG ZLWK SHFDQ SLHFHV DQG FULVV FURVVHG ZLWK ZKLWH LFLQJ DQG FKRFRODWH ÀDYRXU JOD]H


/HPRQ 0HULQJXH 3DYORYD &KHHVHFDNH

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

SWQ

Â…

HDFK Â…

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

0LQ 3DFN

3DFN 3ULFH

[ SWQ

Â…

HDFK

S

SWQ

Â…

J

S

SWQ

Â…

HDFK

S

¶V

Â…

HDFK

S

SWQ

Â…

HDFK

S

SWQ

Â…

HDFK

S

0LQ 3DFN

3DFN 3ULFH

'LJHVWLYH ELVFXLW EDVH ZLWK YDQLOOD FKHHVHFDNH FRQWDLQLQJ OHPRQ ]HVW VSHFNV WRSSHG ZLWK OHPRQ FXUG DQG ¿QLVKHG ZLWK JROGHQ PHULQJXH SLHFHV

0RFFD &KRFFD %ORFFD &KRFRODWH WUXIÀH FKHHVHFDNH ¿OOHG ZLWK D KXJH VODE RI FKHZ\ FKRFRODWH EURZQLH VRDNHG LQ HVSUHVVR FRIIHH WKHQ WRSSHG ZLWK ORDGV PRUH EURZQLH FKXQNV

6WLFN\ 7RIIHH $SSOH &KHHVHFDNH 'HOLFLRXV YDQLOOD FKHHVHFDNH WRSSHG ZLWK JRRH\ FLQQDPRQ DSSOH ZLWK D OD\HU RI VWLFN\ WRIIHH VDXFH RQ D FUXQFK\ GLJHVWLYH EDVH

6WUDZEHUU\ DQG &ORWWHG &UHDP &KHHVHFDNH &RUQLVK FORWWHG FUHDP WRSSHG ZLWK JOD]HG VWUDZEHUU\ KDOYHV RQ D FUXQFK\ EDVH

/HPRQ 0HULQJXH 3DYORYD &KHHVHFDNH SWQ Â… SWQ

'LJHVWLYH ELVFXLW EDVH ZLWK YDQLOOD FKHHVHFDNH FRQWDLQLQJ OHPRQ ]HVW VSHFNV WRSSHG ZLWK OHPRQ FXUG DQG ¿QLVKHG ZLWK JROGHQ PHULQJXH SLHFHV

9DQLOOD 0LON &KRF %XEEOH 7URXEOH &KRFRODWH WUXIÀH FKHHVHFDNH ¿OOHG DQG WRSSHG ZLWK DPD]LQJ ³0LQW $HUR´ EDOOV

:D\ WR $PDULOOR 9DQLOOD FKHHVHFDNH ¿OOHG ZLWK UDVSEHUU\ FKXQNV DQG WRSSHG ZLWK D WKLFN OD\HU RI OHPRQ FXUG

*RRG 9DOXH &KHHVHFDNHV

6ZHHWV 3XGGLQJV DQG 'HVVHUWV

7KH (QJOLVK &KHHVHFDNH &RPSDQ\ ± /X[XU\ &KHHVHFDNHV &RQWLQXHG

7KHVH FKHHVHFDNHV DUH FDUHIXOO\ EDNHG XVLQJ WKH ¿QHVW GDLU\ FUHDP VHW RQ D GLJHVWLYH ELVFXLW EDVH (DFK ÀDYRXU LV ÀRRGHG ZLWK D GHOLFLRXV IUXLW WRSSLQJ

%ODFNFXUUDQW &KHHVHFDNH &KHUU\ &KHHVHFDNH )RUHVW )UXLW &KHHVHFDNH 0DQGDULQ &KHHVHFDNH 6WUDZEHUU\ &KHHVHFDNH

)UXLW 3LHV )ODQV DQG 6WUXGHO

$SSOH 3LH 6PDOO SRUWLRQ ¶V

3RUWLRQ 3WQ 6L]H FRVW

:KROH DSSOH SLHFHV LQ ULFK VKRUW FUXVW SDVWU\ FDVH

$SSOH 3LH %LJ %UDPOH\ 3UH FXW SWQ

7XPEOHEHUU\ 3LH SWQ S SWQ

$ VZHHW VKRUW FUXVW SDVWU\ FDVH ¿OOHG ZLWK OD\HUV RI DSSOH DQG UDVSEHUU\ IUXLW ¿OOLQJ WRSSHG ZLWK D OD\HU RI EHUU\ PL[ DQG JOD]H ¿QLVKHG ZLWK D VSULQNOLQJ RI VZHHW VQRZ

%LJ $SSOH DQG %ODFNEHUU\ 3LH FP GLDPHWHU DQG 7$// ZHLJKV .J )XOO\ EDNHG DQG SUH FXW LQ ¶V 0LFURZDYH D IUR]HQ SRUWLRQ LQ PLQXWHV DQG VHUYH ZLWK RXU FXVWDUG RU 9DQLOOD 3RG ,FH FUHDP

$SSOH 6WUXGHO SUH VOLFHG 3UH EDNHG DQG LQGLYLGXDOO\ SRUWLRQHG PDGH ZLWK IUHVK DSSOH SLHFHV DQG YLQH IUXLW

)UHQFK 6W\OH $SSOH 7DUW $ FULVS SDVWU\ EDVH JHQHURXVO\ ¿OOHG ZLWK IUHVK DSSOH VOLFHV DQG OLJKWO\ FDUDPHOLVHG

7XPEOHEHUU\ 3LH $ VZHHW VKRUW FUXVW SDVWU\ FDVH ¿OOHG ZLWK OD\HUV RI DSSOH DQG UDVSEHUU\ IUXLW ¿OOLQJ WRSSHG ZLWK D OD\HU RI EHUU\ PL[ DQG JOD]H ¿QLVKHG ZLWK D VSULQNOLQJ RI VZHHW VQRZ

0XOWL VHUYH +RW 'HVVHUWV

6SRWWHG 'LFN 6SRQJH 3XGGLQJ /RJ /HPRQ 6SRQJH 3XGGLQJ /RJ 6WUDZEHUU\ -DP 5RO\ 3RO\ /RJ

3RUWLRQ 3WQ 6L]H FRVW

[ SWQ Â…

HDFK

S

[ SWQ Â…

HDFK

S

[ SWQ Â…

HDFK

S

2YHQ EDNH WKHVH SXGGLQJV LQ WKHLU IRLO RU PLFURZDYH LQGLYLGXDO SRUWLRQV IRU PLQXWHV

/X[XU\ 'DLU\ ,FH &UHDP

'RXEOH &UHDP 9DQLOOD %HDQ

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

ZLWK FUXVKHG YDQLOOD EHDQ VHHGV

6WUDZEHUU\ DQG &UHDP ZLWK UHDO VWUDZEHUULHV DQG VWUDZEHUU\ SXUHH

6WUDZEHUU\ -DP 5RO\ 3RO\ /RJ [ SWQ S SWQ

'RXEOH &KRFRODWH &KXQN

,FH &UHDP 6RUEHW DQG ,FHG 'HVVHUWV

$ 7$// IXOO\ EDNHG DQG SUH FXW JLDQW RI D SLH DQG DV JRRG DV LW LV %,*

ZLWK FKXQNV RI %HOJLDQ FKRFRODWH

2YHQ EDNH LQ LWV IRLO RU PLFURZDYH LQGLYLGXDO SRUWLRQV IRU PLQXWHV


,FH &UHDP 6RUEHW DQG ,FHG 'HVVHUWV

/X[XU\ 6RUEHW

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

/HPRQ 6RUEHW

OWU

Â…

PO S

2UDQJH 6RUEHW

OWU

Â…

PO S

&KDPSDJQH 6RUEHW 6LGROL

OWU

Â…

PO S

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

6FKROOHU 0RYHQSLFN 6RUEHW

&DVVLV %ODFNFXUUDQW 6RUEHW

OWU

Â… PO S

3DVVLRQ )UXLW DQG 0DQJR 6RUEHW

OWU

Â… PO S

6FKROOHU 0RYHQSLFN 'DLU\ ,FH &UHDP

&KRFRODWH

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

OWU

Â… PO S

ZLWK 6ZLVV FKRFRODWH VKDYLQJV

6WUDZEHUU\ ZLWK UHDO VWUDZEHUU\ SLHFHV

9DQLOOD ZLWK UHDO YDQLOOD SRGV

%DQDQD $ PL[ RI ,FH &UHDP DQG 6RUEHW ZLWK EDQDQD SLHFHV

&DUDPHOLWD

6WUDZEHUU\ OWU S

6WUDZEHUU\ LFH FUHDP ZLWK UHDO VWUDZEHUU\ SLHFHV

ZLWK FDUDPHO SLHFHV

&RJQDF 9623 ,QIXVHG ZLWK D ¿QH 9623 &RJQDF DQG PDULQDWHG DSSOH SLHFHV

'RXEOH &UHDP 0HULQJXH ZLWK FDUDPHO FRXOLV DQG PHULQJXH IUDJPHQWV

(VSUHVVR &URTXDQW &RIIHH LFH FUHDP ZLWK FRIIHH VDXFH DQG KD]HOQXW SLHFHV

0DSOH :DOQXW ,FH &UHDP 'HOLFDWH FDUDPHOLVHG ZDOQXWV DQG SUHPLXP PDSOH V\UXS PDNH WKLV D SXUH SOHDVXUH IRU DOO QXW IDQV

0LQW &KRFRODWH 0LQW ,FH &UHDP ZLWK 6ZLVV FKRFRODWH SLHFHV

3LVWDFKLR ,FH &UHDP $ WUDGLWLRQDO FUHDP\ ÀDYRXU ZLWK FUXQFK\ SLHFHV RI SLVWDFKLR

5XP 5DLVLQ ZLWK MXLF\ UDLVLQV DQG UXP VDXFH

,FH &UHDP 6RUEHW DQG ,FHG 'HVVHUWV

7LUDPLVX $ PL[ RI PDVFDUSRQH ELVFXLW DQG FRIIHH VDXFH

:KLWH &KRFRODWH

(VSUHVVR &URTXDQW OWU S SWQ

&RIIHH LFH FUHDP ZLWK FRIIHH VDXFH DQG KD]HOQXW SLHFHV

/D\HUHG ZLWK D VSHFLDO VDXFH DQG ULSSOH WKDW EUHDNV LQWR FULVS FUXQFK\ VKDYLQJV %UL WRQ SRUWLRQ FRVWV DUH EDVHG RQ VFRRSV SHU OLWUH

)DLUZD\ 6RIW 6HUYH ,FH &UHDP

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

&KRFRODWH

OWU

Â…

PO

S

6WUDZEHUU\

OWU

Â…

PO

S

9DQLOOD

OWU

Â…

PO

S

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

¶V

Â…

HDFK Â…

,FH &UHDP DQG 6RUEHW DUH VXEMHFW WR 9 $ 7

,QGLYLGXDO ,FHG 'HVVHUWV ,Q &HUDPLF GLVKHV

/HPRQ %U€OpH $ WUDGLWLRQDO FHUDPLF SRW OD\HUHG ZLWK OHPRQ VKHUEHW DQG GXVWHG ZLWK EURZQ VXJDU MXVW WRDVW DQG VHUYH

3ODVWLF 1RYHOWLHV

)ULN\ 0RQVWHU 6WUDZEHUU\

¶V

Â…

HDFK Â…

0DUW\ 0DUWLDQ &KRFRODWH

¶V

Â…

HDFK Â…

3XQN\ 3HQJXLQ 9DQLOOD

¶V

Â…

HDFK

4XDFN\ %LUG &KRFRODWH

¶V

Â…

HDFK Â…

1DQXN\ %HDU 9DQLOOD

¶V

Â…

HDFK Â…

9DFN\ &RZ 9DQLOOD

¶V

Â…

HDFK Â…

OLVWLQJ FRQWLQXHG

S

9DFN\ &RZ 9DQLOOD V HD


)LVFKHU DQG ,QGLYLGXDO 'HVVHUWV (DWRQ 0HVV

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

¶V

Â…

HDFK Â…

¶V

Â… PO Â…

¶V

Â… PO Â…

¶V

Â… PO Â…

¶V

Â…

¶V

Â…

S

¶V

Â…

S

¶V

Â…

S

[ FP

Â…

S

0LQ 3DFN

3DFN 3ULFH

[ NJ

Â…

0LQ 3DFN

3DFN 3ULFH

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

J

Â…

J

S

NJ

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

J

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

$ FUHDP LFH FUHDP FRPELQHG ZLWK FKRFRODWH SLHFHV WRSSHG ZLWK FUXQFK\ PHULQJXH DQG VHOHFWHG VWUDZEHUU\ SLHFHV $ YHU\ WUDGLWLRQDO WUHDW

0LQW 3DUIDLW $ FHQWUH RI GDUN FKRFRODWH VDXFH VXUURXQGHG E\ PLQW LFH FUHDP DQG FRYHUHG LQ GDUN FKRFRODWH

3DUIDLW &DUDPHO $ GHOLFLRXV GDLU\ FDUDPHO LFH FUHDP ZLWK SLHFHV RI FDUDPHO DQG SUDOLQH QRXJDW VDXFH

7DUWXIR =DEDJOLRQH DQG FKRFRODWH LFH FUHDP KLGGHQ XQGHU D GHOLFDWH FRFRD SRZGHU DQG FDUDPHOLVHG KD]HOQXW FRDWLQJ

7DUWD )DQWDVWLFD

HDFK Â…

5LFK FDUDPHO LFH FUHDP VDQGZLFKHG EHWZHHQ WZR OD\HUV RI OXVFLRXV YDQLOOD ZLWK D WRIIHH FDUDPHO VDXFH 7RSSLQJV RI DOPRQG EXWWHUHG WRIIHH ELWV FKRFRODWH FRDWHG WRIIHH EDOOV DQG D FULVS FKRFRODWH EDVH

3DUIDLW &DUDPHO V Â… HD

µ3RS LQ *ODVV¶ ,FH &UHDP 6XQGDHV

$ GHOLFLRXV GDLU\ FDUDPHO LFH FUHDP ZLWK SLHFHV RI FDUDPHO DQG SUDOLQH QRXJDW VDXFH

)UHH]HU WR WDEOH MXVW GURS D UHDG\ PDGH VXQGDH LQWR D JODVV DQG VHUYH

&KRFRODWH 'UHDP 'HOLJKW 6XQGDHV 6WUDZEHUU\ 'HOLJKW 6XQGDHV 7RIIHH 'UHDP 6XQGDHV 5DVSEHUU\ 5LSSOH ,FH &UHDP 5ROO

,FH &XEHV

,FH &XEHV 3UHPLXP 3XUH

,FH &UHDP 6RUEHW DQG ,FHG 'HVVHUWV

,QGLYLGXDO ,FHG 'HVVHUWV &RQWLQXHG

$OO ,FH &UHDP 6RUEHW DQG *ODVVZDUH LV VXEMHFW WR 9 $ 7

3RS LQ *ODVV ,FH &UHDP 6XQGDH

)UHH]HU WR WDEOH MXVW GURS D UHDG\ PDGH VXQGDH LQWR D JODVV DQG VHUYH

$SSOH 6OLFHV %ODFNEHUULHV %ODFNFXUUDQWV %OXHEHUULHV )RUHVW )UXLWV 0HORQ %DOOV 5DVSEHUULHV 6WUDZEHUULHV )RUHVW )UXLWV LQ 6DXFH ± 7XEV

9HJHWDEOHV

3RUWLRQ 3WQ 6L]H &RVW

3RUWLRQ 3WQ 6L]H &RVW

%ULWR SHGLD )UR]HQ 9HJHWDEOHV DUH VXSHULRU WR IUHVK LQ PDQ\ UHVSHFWV EHFDXVH µIUHVK¶ YHJHWDEOHV VSHQG VHYHUDO GD\V LQ WUDQVLW ORVLQJ PDQ\ RI WKHLU RULJLQDO QXWULHQWV )UR]HQ YHJHWDEOHV DUH JHQHUDOO\ SURFHVVHG DQG SDFNHG ZLWKLQ KRXUV RI KDUYHVWLQJ ZKLFK SUHVHUYHV WKHVH LPSRUWDQW QXWULHQWV &RRNLQJ IURP IUR]HQ UDWKHU WKDQ WKDZLQJ ¿UVW DOVR SUHVHUYHV WKH QDWXUDO YLWDPLQV

$VSDUDJXV 6SHDUV *UHHQ 7LSSHG %URDG %HDQV &XW *UHHQ %HDQV 6OLFHG *UHHQ %HDQV )LQH :KROH *UHHQ %HDQV *DUOLF 0XVKURRPV LQ %UHDGFUXPEV %XWWRQ PXVKURRPV LQ JDUOLF FULVS\ FUXPEV $ERXW SHU SDFN -XVW KHDW IRU PLQXWHV LQ D KRW RYHQ DQG VHUYH VR HDV\

)UR]HQ YHJHWDEOHV DUH JHQHUDOO\ SURFHVVHG DQG SDFNHG ZLWKLQ KRXUV RI KDUYHVWLQJ ZKLFK SUHVHUYHV LPSRUWDQW QXWULHQWV

%URFFROL )ORUHWV /RRVH 3DFN

&DEEDJH *UHHQ &KRSSHG &DUURWV %DE\ :KROH &DUURWV -XOLHQQH %DWRQ &DUURWV 5LQJV &DXOLÀRZHU )ORUHWV &RUQ 6ZHHW &RUQ .HUQHOV &RUQ RQ WKH &RE OLVWLQJ FRQWLQXHG

NJ

S

J

S

NJ

Â…

J

S

NJ

Â…

J

S

HDUV

S

HDFK

S

)UXLW 9HJHWDEOHV 3RWDWRHV DQG 5LFH

)UXLW ORRVH IUR]HQ


)UXLW 9HJHWDEOHV 3RWDWRHV DQG 5LFH

9HJHWDEOHV &RQWLQXHG

&RUQ :KROH %DE\ &KLQHVH /HHNV &XW 9HJHWDEOH 0L[HV &RXQWU\

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

NJ

Â…

J

NJ

S

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

J

Â…

J

S

NJ

Â…

J

S

J

Â…

J

S

S

&RQWDLQV EURFFROL FDXOLÀRZHU DQG VOLFHG ÀXWHG FDUURWV

9HJHWDEOH 0L[HV 0L[ ZLWK &RUQ &RQWDLQV FXW JUHHQ EHDQV EURDG EHDQV VZHHWFRUQ GLFHG FDUURWV DQG SHDV

9HJHWDEOH 0L[HV 2ULHQWDO 0L[ &RQWDLQV VOLFHG RQLRQ EHDQ VSURXWV FXW OHHNV FDUURWV MXOLHQQH EODFN IXQJXV EDPERR VKRRWV SHDSRGV DQG UHG SHSSHUV

9HJHWDEOH 0L[HV 6WHZSDFN &DVVHUROH &RQWDLQV GLFHG VZHGH GLFHG WXUQLS VOLFHG FDUURWV FXW FHOHU\ DQG VOLFHG RQLRQV

0XVKURRPV %DE\ :KROH 0XVKURRPV 5HDG\ 6OLFHG 0XVKURRPV %UHDGHG :KROH ZKLWH EXWWRQ PXVKURRPV FRDWHG LQ D OLJKW VHDVRQHG EDWWHU DQG FULVS EUHDGFUXPEV $SSUR[ SHU SDFN

3DUVQLSV :KROH %DE\ 2QLRQV %DE\ :KROH 2QLRQV %DWWHUHG 5LQJV 2QLRQV %UHDGHG 1DWXUDO 5LQJV

0L[HG YHJHWDEOH YDULHWLHV DYDLODEOH

)UXLW 9HJHWDEOHV 3RWDWRHV DQG 5LFH

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

J

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

S

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

NJ

S

J

S

6HH OHIW IRU GHWDLOV

1DWXUDO RQLRQ ULQJV FRDWHG LQ FULVS\ EUHDGFUXPEV

2QLRQV 6OLFHV 3HDV &KRLFH 3HDV )DQF\ 3HDV /X[XU\ 3HDV &KRLFH %XON 3DFN 3HDV 3HWLW 3RLV 3HDV 0LQWHG 3HDV 0XVK\ 3HSSHUV 0L[HG 'LFHG 5DWDWRXLOOH )UHQFK 0L[ &RQWDLQV GLFHG RQLRQV GLFHG DXEHUJLQH TXDUWHUHG FRXUJHWWHV GLFHG JUHHQ SHSSHUV GLFHG WRPDWRHV DQG GLFHG UHG SHSSHUV

6SLQDFK /HDI /RRVH 3RUWLRQV 6SURXWV %XWWRQ PP 6ZHGH 'LFHG 9HJHWDEOH SULFHV FRUUHFW ZKHQ SULQWHG EXW DUH VXEMHFW WR FKDQJHV

3RWDWR 3URGXFWV

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

6DXWH 3RWDWR 6OLFHV NJ S SWQ 5HDG\ RLO EODQFKHG VHOHFWHG VOLFHG SRWDWR ZKLFK FDQ EH GHHS IULHG RU VKDOORZ IULHG WR JROGHQ SHUIHFWLRQ LQ PLQXWHV

3RWDWR SULFHV FRUUHFW ZKHQ SULQWHG EXW DUH VXEMHFW WR FKDQJH

3RWDWR &URTXHWWHV 'HHS IU\ RU RYHQ EDNH

+DVK %URZQV 'HHS IU\ RU RYHQ EDNH

7UDGLWLRQDO 5RDVW 3RWDWRHV 'HHS IU\ PLFURZDYH RU RYHQ EDNH

&ULVS\ 5RDVW 3RWDWRHV

NJ Â…

J

S

3HUIHFW FULVS\ URDVW SRWDWRHV HYHU\ WLPH

6DXWp 3RWDWR 6OLFHV

NJ

Â…

J

S

NJ

Â…

J

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

5HDG\ RLO EODQFKHG VHOHFWHG VOLFHG SRWDWR ZKLFK FDQ EH GHHS IULHG RU VKDOORZ IULHG WR JROGHQ SHUIHFWLRQ LQ PLQXWHV

0DVKHG 3RWDWR /RRVH IUR]HQ PLFURZDYH D VLQJOH SRUWLRQ LQ VHFRQGV SHUIHFW HYHU\ WLPH

0HGLXP %DNHG -DFNHW 3RWDWRHV J /DUJH %DNHG -DFNHW 3RWDWRHV J ([WUD /DUJH %DNHG -DFNHW 3RWDWRHV J 7KHVH QDWXUDO IXOO\ EDNHG DQG JUDGHG SRWDWRHV FDQ EH PLFURZDYHG IURP IUR]HQ WR JLYH D UHDO EDNHG SRWDWR WDVWH LQ PLQXWHV OLVWLQJ FRQWLQXHG

0LQ 3DFN

$VVRUWHG VL]HV RI QDWXUDO IXOO\ EDNHG MDFNHW SRWDWRHV FDQ EH PLFURZDYHG IURP IUR]HQ


3ODLQ -DFNHW :HGJHV 6HDVRQHG -DFNHW :HGJHV

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H &RVW

NJ

Â…

J

S

NJ

Â…

J

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

¶V

Â…

HDFK

S

NJ

Â…

J

S

J

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

NJ

Â…

J

S

NJ

Â…

J

S

NJ

Â…

J

S

0LQ 3DFN

3DFN 3ULFH

3HUIHFWO\ FXW ZHGJHV RI VHOHFWHG SRWDWRHV LQ WKHLU VNLQV HLWKHU SODLQ RU ZLWK D VSLF\ VHDVRQLQJ UHDG\ WR GHHS IU\ RU RYHQ EDNH

3RWDWR 6NLQV /RQJ %RDWV ODUJH RYDOV

3RWDWR 6NLQV 6WULSV VOLFHV RI ODUJH RYDOV

3RWDWR 6NLQV 6KHOOV PHGLXP URXQG KDOYHV

7KHVH SRWDWR VNLQV DUH IXOO\ EDNHG WKHQ FXW DQG VFRRSHG 7KH\ FDQ EH PLFURZDYHG GHHS IULHG RYHQ EDNHG RU VHUYHG FROG HLWKHU ZLWK D GLS RU ¿OOHG ZLWK \RXU LPDJLQDWLRQ

3RWDWR 6KDSHV 7DWHU %DELHV 6PLOHUV

&XWH OLWWOH PDVK SRWDWR VKDSHV LQ D FULVS\ FRDWLQJ UHDG\ WR GHHS IU\ JULOO RU RYHQ IURP IUR]HQ

3RWDWR 0LQL :DIÀHV 6LPLODU WR WKH 7DWHU %DELHV DERYH EXW LQ D WUDGLWLRQDO ZDIÀH VKDSH ZKLFK JLYHV JRRG SODWH FRYHUDJH

6SLF\ &ULVV &XWV /DWWLFH )ULHV NJ S SWQ

6SHFLDOLW\ )ULHV

3RUWLRQ 3WQ 6L]H FRVW

3ULFHV FRUUHFW ZKHQ SULQWHG EXW DUH VXEMHFW WR FKDQJH

7KHVH SDWHQWHG ZDIÀH FXW VOLFHV RI SRWDWR JLYH DQ H[WUD WKLFN DQG PHDW\ ZKROHVRPH SRWDWR WDVWH 'HHS IU\ RU RYHQ EDNH

6SLF\ &ULVV FXWV /DWWLFH )ULHV 7KHVH SDWHQWHG µZDIÀH FXW¶ VOLFHV RI SRWDWR JLYH DQ H[WUD WKLFN DQG PHDW\ ZKROHVRPH SRWDWR WDVWH 'HHS IU\ RU RYHQ EDNH

6HDVRQHG 7ZLVWHUV VSLUDO IULHV 7KHVH FULVS\ JROGHQ )UHQFK IU\ FRLOV ZLOO DGG D GHOLFLRXV WZLVW WR DQ\ PHQX 'HHS IU\ RU RYHQ EDNH

6WHDOWK )ULHV FXW VWD\ FULVSHU ORQJHU 7KH ¿QHVW SUHPLXP FKLSV VSHFLDOO\ FRDWHG LQ SRWDWR VWDUFK WR VWD\ FULVS\ ORQJHU

)UHH]H &KLOO &KLSV

3RUWLRQ 3WQ 6L]H FRVW

)UXLW 9HJHWDEOHV 3RWDWRHV DQG 5LFH

3RWDWR 3URGXFWV &RQWLQXHG

)DLUZD\ FKLSV DUH GXDO VWRUDJH IUHH]H FKLOO <RX FDQ HLWKHU IU\ WKHP VWUDLJKW IURP WKH IUHH]HU RU NHHS WKHP FKLOOHG IRU XS WR GD\V DQG IU\ WKHP IURP WKDZHG ZKLFK VSHHGV IU\LQJ WLPHV

6WUDLJKW FXW 7KLQ [ PP ´

6WUDLJKW FXW 0HGLXP [ PP ´

6WUDLJKW FXW 7KLFN [ PP ´

6WHDNKRXVH 7KLFN )ODW [ PP ô [ Ǫ´

-XOLHQQH 6KRHVWULQJ [ PP ´

3UH &RRNHG 5LFH

NJ

3/($6(

NJ

5,1*

NJ

)25 285

NJ

.((1

NJ

35,&(

0LQ 3DFN

3DFN 3ULFH

3RUWLRQ 3WQ 6L]H FRVW

SWQ

Â…

SWQ

Â…

J

S

NJ

Â…

J

S

6LQJOH 3RUWLRQ PLFURZDYH VDFKHWV 8QFOH %HQ¶V SUH FRRNHG IUR]HQ ULFH SRUWLRQV DUH PDGH IRU PLFURZDYLQJ MXVW ]DS D VDFKHW IRU PLQXWHV VQLS LW RSHQ DQG %HQ¶V \RXU XQFOH D SHUIHFW SRUWLRQ HYHU\ WLPH

3LODX ORQJ JUDLQ \HOORZ ULFH ZLWK VSLFHV S SWQ

3UH FRRNHG IUR]HQ ULFH SRUWLRQV DUH PDGH IRU PLFURZDYLQJ MXVW ]DS D VDFKHW IRU PLQXWHV VQLS LW RSHQ DQG %HQ V \RXU XQFOH

5HJXODU ORQJ JUDLQ ZKLWH ULFH 3LODX ORQJ JUDLQ \HOORZ ULFH ZLWK VSLFHV J 5LFH SUH FRRNHG ORQJ JUDLQ ORRVH IUR]HQ

J

S

VHFRQGV LQ D ZDWW PLFURZDYH SHU SHUIHFW J SRUWLRQ


$OSKDEHWLFDO ,QGH[ IRU

$HILLED AND %AIRY Page numbers for the indexes of our other Sections:

)UR]HQ IRRGV

3URYLVLRQV

Aerosol Cream UHT Bacon - Back Rindless Baking Fat - Phase Blue Stilton Cheese Burger Cheese Slices Butter Butter - Can’t believe it’s not Butter - Salted Butter - Single Portions Butter - Unsalted Butter Substitute - W hirl Cheddar Cheese - Mature W hite Cheddar Cheese - Mild White Cheese - Blue Stilton Cheese - Burger Slices Cheese - Camembert Mini Whole Round Cheese - Cheddar Mature W hite Cheese - Cheddar Mild White Cheese - Dairylea Spread Cheese - French Brie Cheese - Full Fat Soft Cheese - Goats Log Cheese - Grated Italian Hard Cheese - Grated Mozzarella Cheese - Grated Mozzarella/Cheddar Mix Cheese - Grated W hite Cheddar Cheese - Greek Feta Cheese - Halloumi Cheese - Mozzarella Balls Cheese - Mozzarella Blocks Cheese - Mozzarella Slices Cheese - Philadelphia Cheese - Salad Blocks In Brine Clotted Cream Coleslaw Cooking Fat - Lard Cooking Fat - Phase Cream - Aerosol UHT Cream - Clotted Cream - Double Cream - Single UHT Cream - Sour Set Cream - Sweetened Non-dairy Cream - W hipping UHT Dairylea Cheese Spread Double Cream Eggs - Hard Boiled Eggs - Whites Pasteurised Eggs - Yokes Pasteurised Feta Cheese Fillings for Sandwiches French Brie Cheese Fromage Frais Full Fat Soft Cheese Goats Cheese Log

43 - B 44 - B 43 - T 44 - M 44 - T 43 - T 43 - T 43 - T 43 - M 43 - T 43 - T 44 - T 44 - T 44 - M 44 - T 44 - T 44 - T 44 - T 43 - B 44 - M 43 - B 44 - M 44 - T 44 - T 44 - T 44 - T 44 - M 44 - M 44 - T 44 - M 44 - T 43 - B 44 - M 43 - M 44 - B 43 - T 43 - T 43 - B 43 - M 43 - M 43 - B 43 - M 43 - B 43 - B 43 - B 43 - M 43 - T 43 - T 43 - T 44 - M 44 - B 44 - M 43 - B 43 - B 44 - M

6QDFNV 'ULQNV 1RQ IRRG Grated Italian Hard Cheese Grated Mozzarella Cheese Grated Mozzarella/Cheddar Cheese Mix Grated W hite Cheddar Cheese Halloumi - Cheese Ham - Classic Cooked Joints and Slices Ham - Classic Cooked Joints and Slices Hard Boiled Eggs Houmous Lard Margarine - Can’t believe it’s not Butter Margarine - Premium for Baking Margarine - Single Portions Margarine - Soft Spread Margarine - Stork SB Margarine - Summer County Margarine - Sunflower Spread Margarine - What, not Butter? Mascarpone Milk - UHT Mini W hole Round Camembert Mozzarella Cheese Balls Mozzarella Cheese Blocks Mozzarella Grated Cheese Mozzarella Cheese Slices Mozzarella/Cheddar Grated Cheese Mix Non-dairy Sweetened Cream Pasteurised Egg W hites Pasteurised Egg Yokes Phase Baking Fat Philadelphia Full Fat Cheese Premium Baking Margarine Salad Cheese Blocks In Brine Salted Butter Sandwich Fillings Single Butter Portions Single Cream - UHT Single Margarine Portions Soft Spread - Margarine Sour Set Cream Stork SB - Margarine Summer County - Margarine Sunflower Spread Margarine UHT Cream - Aerosol UHT Milk UHT Single Cream UHT W hipping Cream Unsalted Butter W hat, not Butter - Margarine W hipping Cream UHT W hirl Butter Substitute W hite Cheddar Cheese Grated W hite Cheddar Cheese Stick Portions Yoghurt – Fromage Frais Yoghurt - Fruit

44 - T 44 - T 44 - T 44 - T 44 - M 44 - B 44 - B 43 - T 44 - B 43 - T 43 - T 43 - T 43 - M 43 - T 43 - T 43 - M 43 - T 43 - M 43 - B 43 - M 44 - T 44 - T 44 - M 44 - T 44 - T 44 - T 43 - B 43 - T 43 - T 43 - T 43 - B 43 - T 44 - M 43 - T 44 - B 43 - M 43 - B 43 - M 43 - T 43 - M 43 - T 43 - M 43 - T 43 - B 43 - M 43 - B 43 - B 43 - T 43 - M 43 - B 43 - T 44 - T 44 - T 43 - B 43 - B


%XPEOH +ROH

32$

0HGLXP (JJV &DWHULQJ 3DFN

%XPEOH +ROH

'R]HQ

32$

+DUG %RLOHG (JJV

%XPEOH +ROH

Â…

3DVWHXULVHG (JJ <RON

&KHIV %ULJDGH

NJ

Â…

3DVWHXULVHG (JJ :KLWH

&KHIV %ULJDGH

Â… 3DFN 3ULFH

J

Â…

%DNLQJ &RRNLQJ )DW

3KDVH 'DZQ

%XWWHU &UHDPHU\ 8QVDOWHG

/DNHODQG

[ J

32$

%XWWHU 6DOWHG (QJOLVK

&RXQWU\ /LIH

[ J

32$

%XWWHU 6OLJKWO\ 6DOWHG

0RXQWDLQ 0DLG

[ J

32$

%XWWHU 6XEVWLWXWH

:KLUO

OW

Â…

, &DQ¶W %HOLHYH ,W¶V 1RW %XWWHU

8%)

NJ

Â…

/DUG

)UHVK )LHOGV

[ J

Â…

2ULJLQDO 6XQÀRZHU 6SUHDG

)ORUD

NJ

Â…

3UHPLXP %DNLQJ

.HUU\PDLG

[ J

Â…

6RIW 6SUHDG

.HUU\PDLG

NJ

Â…

6WRUN 6% %DNLQJ

8%)

[ J

Â…

6WRUN 6% %DNLQJ

8%)

NJ

Â…

6XPPHU &RXQW\ 6SUHDG

8%)

NJ

Â…

:KDW QRW EXWWHU

NJ

Â…

%XWWHU 0DUJDULQH 3RUWLRQV

0LQ 3DFN

3DFN 3ULFH

%XWWHU 3RUWLRQV 6L]H

/DNHODQG

Â…

2ULJLQDO 6XQÀRZHU 6SUHDG 3RUWLRQV

)ORUD

Â…

0LQ 3DFN

3DFN 3ULFH

)UHVK &UHDP

%XWWHU 3RUWLRQV V Â…

NJ 0LQ 3DFN

&ORWWHG &UHDP

%9 'DLU\

J

Â…

'RXEOH &UHDP

%9 'DLU\

OW

Â…

6HW 6RXU &UHDP

%9 'DLU\

NJ

Â…

6HW 6RXU &UHDP

%9 'DLU\

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

[ OW

Â…

0LQ 3DFN

3DFN 3ULFH

0LON 8+7 6HPL 6NLPPHG 0LON 8+7

9LYD

&UHDP 8+7 1RQ 'DLU\ $HURVRO 5HDO 'DLU\ &UHDP 8+7

.HUU\PDLG

J

Â…

*OHQ 'HOLJKW &UHDP 6ZHHWHQHG

0DFSKLH

OW

Â…

0HDGRZODQG 'RXEOH &UHDP 8QVZHHWHQHG

0HDGRZODQG

OW

Â…

6LQJOH &UHDP 8+7

.HUU\PDLG

OW

Â…

:KLSSLQJ &UHDP 8+7

.HUU\PDLG

)UXLW <RJKXUW 3RWV )URPDJH )UDLV 0L[HG &DVH )UXLW\ <RJKXUW

0XOOHU /LJKW

OW

Â…

0LQ 3DFN

3DFN 3ULFH

[ J

Â…

[ [ J

Â…

0LQ 3DFN

3DFN 3ULFH

[ J

Â…

NJ

Â…

&RQWDLQV ÀDYRXUV VWUDZEHUU\ &KHUU\ 5DVSEHUU\ &UDQEHUU\ 6PRRWK )URPDJH )UDLV &RQWDLQV ÀDYRXUV VWUDZEHUU\ SHDFK YDQLOOD

6RIW &KHHVH

6LQJOH &UHDP 8+7 OWU Â…

'DLU\OHD 6SUHDG

.UDIW

)XOO )DW 6RIW &KHHVH

%9 'DLU\

0DVFDUSRQH

%9 'DLU\

3KLODGHOSKLD )XOO )DW 6RIW &KHHVH

.UDIW

NJ

Â…

NJ

Â…

&KLOOHG 3URGXFWV

0HGLXP (JJV

%XWWHU 0DUJDULQH )DWV

0HGLXP VL]H IUHVK HJJV

3DFN 3ULFH

&KLOOHG 3URGXFWV

0LQ 3DFN

(JJV


&KLOOHG 3URGXFWV

0LQ 3DFN

3DFN 3ULFH

NJ

32$

*UDWHG 0R]]DUHOOD &KHGGDU &KHHVH 0L[ 6SLQQH\ )LHOGV

NJ

32$

*UDWHG 0R]]DUHOOD &KHHVH

6SLQQH\ )LHOGV

NJ

32$

*UDWHG :KLWH &KHGGDU

)- 1HHGV

&KHHVH *UDWHG *UDWHG ,WDOLDQ +DUG &KHHVH

)RUPDJJLR *UDWWXJLDWR

&KHHVH %ULWLVK 6OLFHV 3RUWLRQV

NJ

32$

0LQ 3DFN

3DFN 3ULFH

%XUJHU 6OLFHV

.HUU\PDLG

NJ

Â…

&KHGGDU :KLWH 6WLFN 3RUWLRQV

3ROO )RRGV

[ J

Â…

&KHHVH &RQWLQHQWDO 6OLFHV 3RUWLRQV

0LQ 3DFN

3DFN 3ULFH

0LQL :KROH 5RXQG &DPHPEHUW

3D\VDQ %UHWWRQ

J

Â…

0R]]DUHOOD %DOOV

/DJR 0DJJLRUH

[ J

Â…

0R]]DUHOOD 6OLFHV

6LPSO\

NJ

Â…

&KHHVH 6WDQGDUG %ORFN

0LQ 3DFN

3DFN 3ULFH

&KHGGDU 0DWXUH :KLWH %ORFN 0LQ NJ )- 1HHGV

(DFK

32$

&KHGGDU 0DWXUH :KLWH %ORFN 0LQ NJ )- 1HHGV

(DFK

32$

&KHGGDU 0LOG :KLWH %ORFN 0LQ NJ

)- 1HHGV

(DFK

32$

&KHGGDU 0LOG :KLWH %ORFN 0LQ NJ

)- 1HHGV

(DFK

32$

0LQ 3DFN

3DFN 3ULFH

%OXH 6WLOWRQ 4XDUWHU +DOI 0RRQ %ORFN 0LQ NJ 7X[IRUG 7HEEXW

(DFK

Â…

%OXH 6WLOWRQ 5RXQG %ORFN 0LQ NJ

(DFK

Â…

0LQ 3DFN

3DFN 3ULFH

(DFK

Â…

&KHHVH %ULWLVK %ORFN 7X[IRUG 7HEEXW

&KHHVH &RQWLQHQWDO %ORFN )UHQFK %ULH :KHHO

/HV &KDWHDX[ 'H )UDQFH

*RDWV &KHHVH /RJ

6RLJQRQ

*UHHN )HWD 2ULJLQDO %ORFN 0LQ NJ

NJ

Â…

(DFK

Â…

+DOORXPL &KHHVH

&KULVWLV

J

Â…

0R]]DUHOOD %ORFN 0LQLPXP NJ

$UOD

(DFK

Â…

6DODG &KHHVH %ORFN LQ %ULQH

$NDGLD

J

Â…

0LQ 3DFN

3DFN 3ULFH

.*

32$

%DFRQ &RRNHG +DP %DFN %DFRQ 5LQGOHVV

+HQU\ +LUVW

&ODVVLF +DP 6OLFHG

) $ *LOO

J

32$

&ODVVLF +DP -RLQW

) $ *LOO

NJ DSUR

32$

0LQ 3DFN

3DFN 3ULFH

NJ

Â…

'LSV 6DODGV &ROHVODZ 6DODG

0DJHOODQ )RRGV

+RXPRXV

&KHIV %ULJDGH

6DQGZLFK )LOOHUV

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

&KLOOHG 3URGXFWV

&KHHVH 2QLRQ )LOOHU

4XLFN )LOO

NJ

Â…

&KLFNHQ %DFRQ )LOOHU

4XLFN )LOO

NJ

Â…

&KLFNHQ 0D\RQQDLVH )LOOHU

4XLFN )LOO

NJ

Â…

&KLFNHQ 7LNND )LOOHU

4XLFN )LOO

NJ

Â…

&RURQDWLRQ &KLFNHQ )LOOHU

4XLFN )LOO

NJ

Â…

/DPE 0LQW )LOOHU

4XLFN )LOO

NJ

Â…

0H[LFDQ &KLFNHQ )LOOHU

4XLFN )LOO

NJ

Â…

7XQD 0D\RQQDLVH )LOOHU

4XLFN )LOO

NJ

Â…

*UDWHG &KHHVH

%OXH 6WLOWRQ 5RXQG

&ODVVLF +DP 6OLFHG J 32$

)LQHVW TXDOLW\ KDP SHUIHFW IRU VDODGV DQG VDQGZLFKHV


$OSKDEHWLFDO ,QGH[ IRU

(ROCERIES AND 1ROVISIONS Page numbers for the indexes of our other Sections:

)UR]HQ IRRGV

&KLOOHG IRRGV

Baked Beans Baking - Mixes and Sundries Beverages Biscuits - Savoury, Sweet or Snack Packs Bouillon Brandy Snaps Breadcrumbs Breakfast Cereals Cakes and Muffins Caster Sugar Cheesecake Mix Chutney Cocoa Coffee - Instant or Ground Cream Portions Crème BruleĂŠ Mix Cubes - Sugar Custard Demerara Sugar Dessert – Mixes & Tins Dessert - Sauces and Toppings Dips - Yoghurt/Sour Cream Dried - Fruit or Nuts Drinking Chocolate Fish - Tinned Products Flour Fruit - Coulis Fruit - Tinned Fruit - Pie Fillings Fruit - Preserves Garlic - Chopped or Puree Granulated Sugar Gravy Herbs and Spices Honey Horlicks Hot Chocolate drinks Hot Dogs - Tinned Ice Cream Accompaniments Icing Sugar Jam - Bulk Jelly - Diabetic or Crystals Ketchup Marshmallows Mayonnaise Meat Products - Tinned Meringue Nests Milk - Tinned or Powdered Milk - Portions Muffins and Cakes Mustards Noodles Oil - Cooking or Frying Olives Pasta - dry Pasta - in Sauce Pastry Mix Pickles

47 55 60 59 53 - 54 55 53 58 59 57 56 52 60 60 59 56 58 57 57 56 57 46 56 60 47 54 57 56 55 58 52 57 53 52 - 53 57 60 60 47 57 57 58 56 - 57 51 57 50 47 55 59 59 59 50 46 51 51 46 47 55 52

6QDFNV 'ULQNV 1RQ IRRG Pie Fillings - Fruit Piquant Sauces Pizza Base Mix Portions - Breakfast Cereals Portions - Instant Coffee Portions - Jam Portions - Milk and Cream Portions - Salt / Pepper Portions - Sauce Dip Pots and Sachets Portions - Sugar Potato - Mash or Tinned Pulses Ravioli - Tinned Relish and Accompaniments Rice Salad Cream Salad Dressings Salmon - Tinned Sauces - Tomato Sauces - Barbeque / Brown Sauces - Dip Pots Sauces - Fruit Condiments Sauces - Mint / Horseradish Sauces - Piquant Sauces - Sticks & Sachets Sauces & Accompaniments - Americas Sauces & Accompaniments - Indian Sauces & Accompaniments - Italian Sauces & Accompaniments - Oriental Sauces & Accompaniments - Traditional Soft Brown Sugar Soup - Canned or Powdered Soy Sauce Spices and Herbs Sponge Fingers Stocks and Bases Stuffing Suet Mix Sugar - Crystals Sugar - Cubes Sugar - Portions Sundried Tomatoes Sweeteners Syrup and Treacle Tart Cases Tartare Sauce Teabags Tinned Fruit Tomato Sauce Tomatoes - Paste & Puree Tomatoes - Tinned Treacle and Syrup Tuna - Tinned Vegetables - Tinned Vinegars Wafers - Ice Cream Wine - Cooking Yoghurt - Longlife Ambient

55 51 55 58 60 58 59 50 49 58 46 46 47 52 46 50 51 47 51 50 49 50 50 51 49 47 48 48 48 49 57 54 51 52 - 53 55 53 53 55 57 58 58 46 58 57 55 50 60 56 51 46 47 57 47 46 - 47 51 57 51 56


*URFHU\

5LFH

0LQ 3DFN

3DFN 3ULFH

Â…

$UERULR 5LVRWWR 5LFH

7LOGD

NJ

(DV\ &RRN /RQJ *UDLQ 5LFH

2VSLUR

NJ

Â…

/RQJ *UDLQ %DVPDWL 5LFH

2VSLUR

NJ

Â…

6KRUW *UDLQ 3XGGLQJ 5LFH

2VSULR

3DVWD 'U\

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

&RQFKLJOLH 6PDOO 3DVWD 6KHOOV

&KHI :LOOLDP

NJ

Â…

0DFDURQL

&KHI :LOOLDP

NJ

Â…

3DVWD 7ZLVWV 6PDOO

&KHI :LOOLDP

NJ

Â…

3DVWD 7ZLVWV 7ULFRORUH

&KHI :LOOLDP

NJ

Â…

3HQQH 3DVWD 4XLOOV

&KHI :LOOLDP

NJ

Â…

6SDJKHWWL ´

&KHI :LOOLDP

NJ

Â…

7DJOLDWHOOH 1HVWV

&KHI :LOOLDP

NJ

Â…

&DQQHOORQL 7XEHV

.QRUU

NJ

Â…

/DVDJQH

.QRUU

NJ

Â…

/DVDJQH 9HUGL

.QRUU

NJ

Â…

/LQJXLQH 3DVWD

.QRUU

NJ

Â…

0DFDURQL

.QRUU

NJ

Â…

3DVWD 3HQQH

.QRUU

NJ

Â…

3DVWD 6SLUDOV

.QRUU

NJ

Â…

7DJOLDWHOOH

.QRUU

1RRGOHV

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

0HGLXP (JJ 1RRGOHV

6KDUZRRGV

NJ

Â…

0HGLXP 6WUDLJKW WR :RN 1RRGOHV

%OXH 'UDJRQ

[ J

Â…

0LQ 3DFN

3DFN 3ULFH

Â…

3XOVHV &RXV &RXV

&KHI :LOOLDP

NJ

/H 3X\ /HQWLOV

0HUFKDQW *RXUPHW

J

Â…

0DUURZIDW 3HDV

2VSULR

NJ

Â…

0DUURZIDW 3HDV

2VSULR

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

3RWDWR 3URGXFWV ,QVWDQW 0DVKHG 3RWDWR

0DJJL

9HJHWDEOHV 'LSV $VSDUDJXV 6SHDUV

)RQWLQHOOD

J

Â…

%XWWHU %HDQV

&URVVH %ODFNZHOO

$

Â…

&KLFN 3HDV

&URVVH %ODFNZHOO

J

Â…

)LYH %HDQ 6DODG

&URVVH %ODFNZHOO

J

Â…

3HHOHG 1HZ 3RWDWRHV

)RUWXQD

NJ

Â…

5HG .LGQH\ %HDQV

&URVVH %ODFNZHOO

$

Â…

5HG .LGQH\ %HDQV

&URVVH %ODFNZHOO

J

Â…

6OLFHG 0XVKURRP

3UR &KDPS

$

Â…

6OLFHG 0XVKURRPV

3DFNHUV

J

Â…

6RXU &UHDP &KLYH 'LS

/LRQ

OW

Â…

6XQGULHG 7RPDWRHV ZLWK +HUEV LQ 2LO

2SLHV

NJ

Â…

:KROH )LUH 5RDVWHG 5HG 3HSSHUV

0HUFKDQW *RXUPHW

NJ

Â…

<RJXUW 0LQW 'LS $PELHQW

/LRQ

OW

Â…

0LQ 3DFN

3DFN 3ULFH

5LFH 6HH OHIW IRU RXU VHOHFWLRQ

3DVWD PDQ\ YDULHWLHV DYDLODEOH

&RQWDLQV UHG NLGQH\ EHDQV JUHDW QRUWKHUQ EHDQV EODFN WXUWOH EHDQV

*URFHU\

7RPDWRHV 3DVVDWD

&LULR

[ J

Â…

3ODLQ 3L]]D 6DXFH

*UHFL

NJ

Â…

7RPDWR 3DVWH

&DWHUHUV 3ULGH

J

Â…

&LULR

J

Â…

7RPDWR 3XUHH 6TXHH]\ 7XEHV

OLVWLQJ FRQWLQXHG

<RJKXUW 0LQW 'UHVVLQJ OWU Â…


&DWHUHUV 3ULGH

[ J

Â…

7RPDWRHV &KRSSHG

&DWHUHUV 3ULGH

[ J

Â…

7RPDWRHV &KRSSHG

&DWHUHUV 3ULGH

NJ

Â…

7RPDWRHV 3OXP 3HHOHG

3DFFKLQL

J

Â…

7RPDWRHV 3OXP 3HHOHG

&DWHUHUV 3ULGH

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

$

Â…

*DUGHQ 3HDV

.LWFKHQ .LQJ

0XVK\ 3HDV

&URVVH %ODFNZHOO [ J

Â…

0XVK\ 3HDV

%DWFKHORUV

[ J

Â…

0XVK\ 3HDV

%DWFKHORUV

$

Â…

0XVK\ 3HDV

&URVVH %ODFNZHOO

6ZHHWFRUQ .HUQHOV

'¶DXF\

%DNHG %HDQV

$

Â…

[ J

Â…

0LQ 3DFN

3DFN 3ULFH

%DNHG %HDQV

+HLQ]

[ J

Â…

%DNHG %HDQV

%UDQVWRQ

[ J

Â…

%DNHG %HDQV

+HLQ]

[ J

Â…

%DNHG %HDQV

+HLQ]

NJ

Â…

%DNHG %HDQV

+HLQ]

; *

Â…

%DNHG %HDQV

%UDQVWRQ

[ J

Â…

%DNHG %HDQV

6W 1LFKRODV

%DNHG %HDQV (D]\ 3RWV

+HLQ]

%DNHG %HDQV

&DWHUHUV 3ULGH

3DVWD 7LQQHG 5DYLROL 3RUN

&URVVH %ODFNZHOO

6SDJKHWWL +RRSV LQ 7RPDWR 6DXFH

%UDQVWRQ

:KROHZKHDW 6SDJKHWWL +RRSV LQ 7RPDWR 6DXFH &DWHUHUV 3ULGH

)LVK

$

Â…

[ [ J

Â…

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

$

Â…

NJ

Â…

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

J

Â…

3LQN 6DOPRQ

&DWHUHUV 3ULGH

5HG 6DOPRQ

&DWHUHUV 3ULGH

J

Â…

6DUGLQHV LQ 7RPDWR 6DXFH

'HHSEOXH

[ J

Â…

7XQD &KXQNV LQ %ULQH

'HHSEOXH

[ J

Â…

6HOHFW \RXU IDYRXULWH EUDQG RI EDNHG EHDQV IURP RXU UDQJH RQ WKH 7XQD &KXQNV ,Q %ULQH ULJKW

'HHSEOXH

J

Â…

7XQD &KXQNV LQ %ULQH

'HHSEOXH

J

Â…

7XQD &KXQNV LQ %ULQH

'HHSEOXH

J

Â…

7XQD &KXQNV LQ %ULQH )RLO 3RXFKHV

'HHSEOXH

7LQQHG 0HDW

+RW 'RJ -XPER V Â… +RW 'RJ 6WDQGDUG V Â…

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

[ NJ

Â…

&KLOOL &RQ &DUQH

0XOWL 0HQX

&RUQHG %HHI

&RQFRUG

J

Â…

+RW 'RJ -XPER ´

:HVWOHUV

Â…

+RW 'RJ 6WDQGDUG ´

:HVWOHUV

Â…

3UHPLXP ´ +RW 'RJ LQ 3RXFK

:HVWOHUV

[ [

Â…

$PHULFDV 6DXFHV $FFRPSDQLPHQWV

0LQ 3DFN

3DFN 3ULFH

&DMXQ 6DXFH

.QRUU

OW

Â…

&KLOOL &RQ &DUQH 6DXFH

8QFOH %HQV

NJ

Â…

&KXQN\ 0H[LFDQ 6DOVD 6DXFH

8QFOH %HQV

NJ

Â…

)DMLWD 6HDVRQLQJ 0L[

'LVFRYHU\ )RRGV

J

Â…

2ULJLQDO 7RUWLOOD &KLSV

'LVFRYHU\ )RRGV

[ J

Â…

3LUL 3LUL 6DXFH

/LRQ

OW

Â…

5HIULHG %HDQV

'LVFRYHU\ )RRGV

J

Â…

5HJJDH 5HJJDH -HUN %%4 6DXFH

/HYL 5RRWV

OW

Â…

6OLFHG *UHHQ -DODSHQR 3HSSHUV

'LVFRYHU\ )RRGV

$

Â…

9HU\ +RW &KLOOL 6DXFH

/LRQ

OW

Â…

*URFHU\

3DFN 3ULFH

7RPDWRHV &KRSSHG

3HDV 6ZHHWFRUQ

%DWFKHORUV 0XVK\ 3HDV

0LQ 3DFN

*URFHU\

7RPDWRHV &RQWLQXHG


*URFHU\

,QGLDQ 6DXFHV $FFRPSDQLPHQWV

3DFN 3ULFH

%DOWL 3DVWH

6KDUZRRGV

NJ

Â…

%DOWL 6DXFH

8QFOH %HQV

NJ

Â…

%DOWL 6DXFH

6KDUZRRGV

NJ

Â…

&XUU\ 6DXFH 0L[

%DWFKHORUV

NJ

Â…

&XUU\ 6DXFH 0L[

.QRUU

OW

Â…

-DOIUH]L 3DVWH

.QRUU 3DWDNV

NJ

Â…

-DOIUH]L 6DXFH

6KDUZRRGV

NJ

Â…

.RUPD 3DVWH

.QRUU 3DWDNV

NJ

Â…

.RUPD 6DXFH

8QFOH %HQV

NJ

Â…

.RUPD 6DXFH

6KDUZRRGV

NJ

Â…

0DGUDV 3DVWH

6KDUZRRGV

NJ

Â…

0DGUDV 3DVWH

.QRUU 3DWDNV

NJ

Â…

0DGUDV 6DXFH

8QFOH %HQV

NJ

Â…

0DVDOD 3DVWH

.QRUU 3DWDNV

NJ

Â…

3RSSDGXPV 3ODLQ /DUJH

.QRUU

J

Â…

5RJDQ -RVK 6DXFH

8QFOH %HQV

NJ

Â…

6ZHHW 3HVKZDUL .RUPD 6DXFH

.QRUU 3DWDNV

OW

Â…

7DQGRRUL 3DVWH

6KDUZRRGV

NJ

Â…

7LNND 0DVDOD 6DXFH

.QRUU 3DWDNV

OW

Â…

7LNND 0DVDOD 6DXFH

8QFOH %HQV

NJ

Â…

7LNND 0DVDOD 6DXFH

6KDUZRRGV

NJ

Â…

7LNND 3DVWH

.QRUU 3DWDNV

,WDOLDQ 6DXFHV

*URFHU\

0LQ 3DFN

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

NJ

Â…

$UUDELDWWD 6DXFH

'ROPLR

%RORJQHVH 6DXFH

'ROPLR

NJ

Â…

&UHDP\ 7RPDWR 3HVWR 6DXFH

'ROPLR

NJ

Â…

*UHHQ 3HVWR

6DFOD

NJ

Â…

5HG 3HVWR

6DFOD

NJ

Â…

7RPDWR %DVLO 6DXFH

'ROPLR

NJ

Â…

2ULHQWDO 6DXFHV $FFRPSDQLPHQWV

0LQ 3DFN

3DFN 3ULFH

%ODFN %HDQ 6DXFH

8QFOH %HQV

NJ

Â…

&UHDPHG &RFRQXW

%OXH 'UDJRQ

J

Â…

+RL 6LQ 6DXFH

%OXH 'UDJRQ

OW

Â…

/HPRQ *UDVV &RULDQGHU 6DXFH

6KDUZRRGV

NJ

Â…

2\VWHU 6DXFH

%OXH 'UDJRQ

OW

Â…

3OXP 6DXFH

%OXH 'UDJRQ

OW

Â…

3UDZQ &UDFNHUV

%OXH 'UDJRQ

[ J

Â…

6DWD\ 6DXFH

%OXH 'UDJRQ

[ OW

Â…

6ZHHW 6RXU 6DXFH

8QFOH %HQV

NJ

Â…

6ZHHW 6RXU 6DXFH ZLWK &KXQN\ 9HJHWDEOHV .QRUU

OW

Â…

6ZHHW 6RXU 6DXFH ZLWK &KXQN\ 9HJHWDEOHV 8QFOH %HQV

NJ

Â…

6ZHHW &KLOOL 'LSSLQJ 6DXFH

%OXH 'UDJRQ

OW

Â…

6ZHHW &KLOOL 6DXFH 6WLU )U\

%OXH 'UDJRQ

OW

Â…

6ZHHW 7KDL &KLOOL 6DXFH

8QFOH %HQV

NJ

Â…

6]HFKXDQ 6DXFH

8QFOH %HQV

NJ

Â…

7HUL\DNL 6DXFH

%OXH 'UDJRQ

OW

Â…

7KDL *UHHQ &XUU\ 3DVWH

%OXH 'UDJRQ

J

Â…

7KDL *UHHQ &XUU\ 6DXFH

.QRUU

OW

Â…

7KDL 5HG &XUU\ 3DVWH

%OXH 'UDJRQ

J

Â…

7KDL 5HG &XUU\ 6DXFH

.QRUU

OW

Â…

$ YDULHW\ RI ,QGLDQ VDXFHV DQG DFFRPSDQLPHQWV DYDLODEOH

6ZHHW 3HVKZDUL .RUPD 6DXFH OWU Â…

&KRRVH IURP RXU UDQJH RI 2ULHQWDO VDXFHV DQG DFFRPSDQLPHQWV RQ WKH OHIW


0RUH WUDGLWLRQDO VDXFHV DQG DFFRPSDQLPHQWV DUH DOVR DYDLODEOH

.QRUU

%HDUQDLVH 6DXFH

.QRUU *DUGH G¶RU

&KDVVHXU 6DXFH 0L[

.QRUU

&KHGGDU &KHHVH 6DXFH

0DFSKLH

&KHHVH 6DXFH 0L[

%DWFKHORUV

&KHHVH 6DXFH 0L[

.QRUU

+ROODQGDLVH 6DXFH

.QRUU *DUGH G¶RU

+ROODQGDLVH 6DXFH

0DFSKLH

0XVKURRP 6DXFH

.QRUU *DUGH G¶RU

3DUVOH\ 6DXFH 0L[

%DWFKHORUV

3DUVOH\ 6DXFH 0L[

.QRUU

3HSSHUFRUQ 6DXFH

.QRUU *DUGH G¶RU

:KLWH :LQH 6DXFH

0DFSKLH

&RQGLPHQWV 'LS 3RWV

&KRRVH IURP D FRQYHQLHQW UDQJH RI VDXFH VWLFNV DQG VDFKHWV

OW

Â…

OW

Â…

OW

Â…

OW

Â…

NJ

Â…

OW

Â…

OW

Â…

OW

Â…

OW

Â…

NJ

Â…

OW

Â…

OW

Â…

OW

Â…

0LQ 3DFN

3DFN 3ULFH

%DUEHTXH 6DXFH

'LQHUV 'HOLJKW

¶V

Â…

%URZQ 6DXFH

'LQHUV 'HOLJKW

¶V

Â…

(QJOLVK 0XVWDUG

'LQHUV 'HOLJKW

¶V

Â…

)UHQFK 0XVWDUG

'LQHUV 'HOLJKW

¶V

Â…

*DUOLF 0D\RQQDLVH

'LQHUV 'HOLJKW

¶V

Â…

0D\RQQDLVH

'LQHUV 'HOLJKW

¶V

Â…

0LQW 6DXFH

'LQHUV 'HOLJKW

¶V

Â…

7DUWDU 6DXFH

'LQHUV 'HOLJKW

¶V

Â…

7RPDWR .HWFKXS

'LQHUV 'HOLJKW

¶V

Â…

%DUEHTXH 6DXFH

+HLQ]

[ J

Â…

(QJOLVK 0XVWDUG

+HLQ]

[ J

Â…

+RUVHUDGLVK 6DXFH

+HLQ]

[ J

Â…

0DQJR &KXWQH\

+HLQ]

[ J

Â…

7RPDWR .HWFKXS

+HLQ]

[ J

Â…

%URZQ 6DXFH

+3

[ J

Â…

0LQ 3DFN

3DFN 3ULFH

&RQGLPHQWV 6WLFNV 6DFKHWV +HLQ] 0DQJR &KXWQH\ 'LS 3RW [ J Â…

3DFN 3ULFH

%DUEHTXH 6DXFH

'LQHUV 'HOLJKW

[ J

Â…

%URZQ 6DXFH 6WLFNV

'LQHUV 'HOLJKW

[ J

Â…

(QJOLVK 0XVWDUG 6WLFNV

'LQHUV 'HOLJKW

[ J

Â…

)UHQFK 0XVWDUG 6WLFNV

'LQHUV 'HOLJKW

[ J

Â…

0D\RQQDLVH 6WLFNV

'LQHUV 'HOLJKW

[ J

Â…

6DODG &UHDP 6WLFNV

'LQHUV 'HOLJKW

[ J

Â…

7DUWDUH 6DXFH 6WLFNV

'LQHUV 'HOLJKW

[ J

Â…

7RPDWR 6DXFH 6WLFNV

'LQHUV 'HOLJKW

[ J

Â…

(QJOLVK 0XVWDUG 6DFKHWV

+HLQ]

[ J

Â…

)UHQFK 0XVWDUG 6DFKHWV

+HLQ]

[ J

Â…

+RUVHUDGLVK 6DFKHWV

+HLQ]

[ J

Â…

0D\RQQDLVH 6DFKHWV

+HLQ]

[ J

Â…

0LQW 6DXFH 6DFKHWV

+HLQ]

[ J

Â…

6DODG &UHDP 6DFKHWV

+HLQ]

[ J

Â…

7DUWDUH 6DXFH 6DFKHWV

+HLQ]

[ J

Â…

7RPDWR .HWFKXS 6DFKHWV

+HLQ]

[ J

Â…

7RPDWR .HWFKXS 6WLFNV

+HLQ]

[ J

Â…

%URZQ 6DXFH 6DFKHWV

+3

[ J

Â…

+RUVHUDGLVK 6DFKHWV

3RUWLRQ 3DN

[ J

Â…

0D\RQQDLVH 6DFKHWV

3RUWLRQ 3DN

[ J

Â…

0LQW 6DXFH 6DFKHWV

3RUWLRQ 3DN

[ J

Â…

7RPDWR .HWFKXS 6DFKHWV

3RUWLRQ 3DN

[ J

Â…

9LQHJDU 6DFKHWV

3RUWLRQ 3DN

[ J

Â…

*URFHU\

$X 3RLYUH 6DXFH 0L[

0LQ 3DFN

*URFHU\

7UDGLWLRQDO 6DXFHV


*URFHU\

&RQGLPHQWV 6DOW 3HSSHU 3RUWLRQV

0LQ 3DFN

3DFN 3ULFH

%ODFN 3HSSHU 3RUWLRQV

3RUWLRQ 3DN

Â…

6DOW 3RUWLRQV

3RUWLRQ 3DN

Â…

&RQGLPHQWV $SSOH &UDQEHUU\ 5HGFXUUDQW

0LQ 3DFN

3DFN 3ULFH

&KXQN\ %UDPOH\ $SSOH 6DXFH

6FKZDUW] IRU &KHI

NJ

Â…

&KXQN\ %UDPOH\ $SSOH 6DXFH

0DUJHWWV

NJ

Â…

&UDQEHUU\ 6DXFH

6FKZDUW] IRU &KHI

NJ

Â…

&UDQEHUU\ 6DXFH

0DUJHWWV

NJ

Â…

&XPEHUODQG 6DXFH ZLWK 3RUW

6FKZDUW] IRU &KHI

NJ

Â…

5HGFXUUDQW -HOO\

6FKZDUW] IRU &KHI

NJ

Â…

5HGFXUUDQW -HOO\

0DUJHWWV

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

&RQGLPHQWV %DUEHTXH 6DXFH +LFNRU\ %XFNDURR %DUEHTXH 6DXFH

/LRQ

OW

Â…

6ZHHW 6PRN\ +LFNRU\ %DUEHTXH 6DXFH

.QRUU

OW

Â…

%DUEHTXH +LFNRU\ 6DXFH

6FKZDUW]

OW

Â…

0LQ 3DFN

3DFN 3ULFH

&RQGLPHQWV %URZQ 6DXFH %URZQ 6DXFH

+3

NJ

Â…

%URZQ 6DXFH

/LRQ

NJ

Â…

&RQGLPHQWV +RUVHUDGLVK 0LQW 6DXFH

0LQ 3DFN

3DFN 3ULFH

&RQFHQWUDWHG 0LQW 6DXFH

/LRQ

OW

Â…

)UHVK *DUGHQ 0LQW 6DXFH

&ROPDQV

OW

Â…

+RUVHUDGLVK 6DXFH

&ROPDQV

+RUVHUDGLVK 6DXFH

/LRQ

&RQGLPHQWV 0D\RQQDLVH

Â… Â…

0LQ 3DFN

3DFN 3ULFH

Â…

/LJKW 0D\RQQDLVH

+HOOPDQQV

OW

5HDO 0D\RQQDLVH

+HOOPDQQV

OW

Â…

5HDO 0D\RQQDLVH

+HOOPDQQV

OW

Â…

5HDO 0D\RQQDLVH

+HOOPDQQV

OW

Â…

/X[XU\ 3UHPLXP 0D\RQQDLVH

2DVLV )RRGV

OW

Â…

/X[XU\ 3UHPLXP 0D\RQQDLVH

2DVLV )RRGV

OW

Â…

5HDO 0D\RQQDLVH

2O\PSLF

OW

Â…

0D\RQQDLVH 6TXHH]\ 3DFN

+DUULVRQV

0D\RQQDLVH

+HLQ]

0D\RQQDLVH *DUOLF 5HDO 0D\RQQDLVH

OW

Â…

[ J

Â…

3LTXDQW

OW

Â…

2O\PSLF

OW

Â…

5HDO 0D\RQQDLVH

2O\PSLF

OW

Â…

7KLFN &UHDP\ 0D\RQQDLVH

2O\PSLF

OW

Â…

0LQ 3DFN

3DFN 3ULFH

Â…

&RQGLPHQWV 0XVWDUG $XWKHQWLF 'LMRQ 0XVWDUG

/LRQ

OW

&RDUVH *UDLQ 0XVWDUG

/LRQ

OW

Â…

(QJOLVK 0XVWDUG

&ROPDQV

OW

Â…

(QJOLVK 0XVWDUG

/LRQ

)UHQFK 0XVWDUG

&ROPDQV

)UHQFK 0XVWDUG

/LRQ

0XVWDUG 3RZGHU

*URFHU\

OW OW

:KROHJUDLQ 0XVWDUG

&ROPDQV

OW

Â…

OW

Â…

OW

Â…

NJ

Â…

OW

Â…

&RQGLPHQWV 6DODG &UHDP 7DUWDU

0LQ 3DFN

3DFN 3ULFH

3UDZQ &RFNWDLO 6DXFH

/LRQ

OW

Â…

6DODG &UHDP

+HLQ]

[ NJ

Â…

6DODG &UHDP

/LRQ

OW

Â…

7DUWDUH 6DXFH

/LRQ

OW

Â…

7DUWDUH 6DXFH

&ROPDQV

OW

Â…

&KXQN\ %UDPOH\ $SSOH 6DXFH NJ Â…

&ROPDQV )UHVK *DUGHQ 0LQW 6DXFH OWU Â…

'UHVV WDVW\ VHDIRRG ZLWK RXU 3UDZQ &RFNWDLO 6DXFH


%OXH 'UDJRQ

&RQGLPHQWV 7RPDWR 6DXFH

0LQ 3DFN

3DFN 3ULFH

[ J

Â…

7RPDWR .HWFKXS

+HLQ]

[ J

Â…

7RPDWR .HWFKXS

+HLQ]

[ NJ

Â…

7RPDWR .HWFKXS

/LRQ

NJ

Â…

7RPDWR .HWFKXS

.ZLN

NJ

Â…

7RPDWR .HWFKXS 6TXHH]\ 3DFN

+DUULVRQV

OW

Â…

0LQ 3DFN

3DFN 3ULFH

7DEDVFR 5HG +RW 3HSSHU 6DXFH

0F,OKHQQ\

PO

Â…

:RUFHVWHU 6DXFH

/HD 3HUULQV

PO

Â…

0LQ 3DFN

3DFN 3ULFH

6DODG 'UHVVLQJ %OXH &KHHVH 'UHVVLQJ

/LRQ

OW

Â…

&DHVDU 'UHVVLQJ

/LRQ

OW

Â…

&ODVVLF 9LQDLJUHWWH 'UHVVLQJ

+HOOPDQQV

OW

Â…

&UHDP\ +RQH\ 0XVWDUG 'UHVVLQJ

+HOOPDQQV

OW

Â…

)UHQFK 'UHVVLQJ

/LRQ

OW

Â…

7KRXVDQG ,VODQG 'UHVVLQJ

/LRQ

OW

Â…

0LQ 3DFN

3DFN 3ULFH

&RRNLQJ 2LO 5DSHVHHG

.7&

OW

3 2 $

/RQJ /LIH 2LO

3UHS 8OWUD

OW

Â…

9HJHWDEOH &RRNLQJ 2LO ([WHQGHG /LIH

.7&

OW

Â…

9HJHWDEOH &RRNLQJ 2LO ([WHQGHG /LIH

.7&

OW

3 2 $

9HJHWDEOH 5DSHVHHG &RRNLQJ 2LO ([WHQGHG /LIH 3UHS 0XOWL

OW

Â…

&RRNLQJ 'UHVVLQJ 2LOV

0LQ 3DFN

3DFN 3ULFH

OW

Â…

([WUD 9LUJLQ 2OLYH 2LO

2OLYHQLD

3RPDFH 2LO

2OLYHQLD

&RRNLQJ :LQHV 6SLULWV

OW

Â…

0LQ 3DFN

3DFN 3ULFH

Â…

$OO 5HG &RRNLQJ :LQH

5: )RRGV

OW

$OO :KLWH &RRNLQJ :LQH

5: )RRGV

OW

Â…

&RRNLQJ %UDQG\

*RXUPHW &ODVVLF

OW

Â…

&RRNLQJ 0DGHLUD

*RXUPHW &ODVVLF

OW

Â…

&RRNLQJ 0DUVDOD

*RXUPHW &ODVVLF

OW

Â…

&RRNLQJ 3RUW

*RXUPHW &ODVVLF

OW

Â…

)UHQFK &XOLQDU\ %UDQG\

&H]DQQH

FO

Â…

0LQ 3DFN

3DFN 3ULFH

9LQHJDUV %DOVDPLF 9LQHJDU

0HUFKDQW *RXUPHW &KHI

PO

Â…

%DOVDPLF 9LQHJDU

0HUFKDQW *RXUPHW &KHI

OW

Â…

'LVWLOOHG :KLWH 9LQHJDU

'ULYHUV

OW

Â…

0DOW 9LQHJDU

6DUVRQV

[ PO

Â…

0DOW 9LQHJDU

6DUVRQV

OW

Â…

0DOW 9LQHJDU

'ULYHUV

OW

Â…

:KLWH :LQH 9LQHJDU

'ULYHUV

OW

Â…

0LQ 3DFN

3DFN 3ULFH

2OLYHV &DSHUV 6WRQHOHVV *UHHQ 2OLYHV LQ %ULQH NJ Â…

Â…

+HLQ]

)U\LQJ 2LOV

([WUD 9LUJLQ 2OLYH 2LO OWU Â…

OW

7RPDWR .HWFKXS

&RQGLPHQWV 7DEDVFR :RUFHVWHU

/LJKW 6R\ 6DXFH OWU Â…

3DFN 3ULFH

&DSHUV LQ 9LQHJDU

2SLHV

NJ

Â…

6WRQHOHVV %ODFN 2OLYHV LQ %ULQH

2SLHV

NJ

Â…

6WRQHOHVV *UHHQ 2OLYHV LQ %ULQH

2SLHV

NJ

Â…

*URFHU\

/LJKW 6R\ 6DXFH

0LQ 3DFN

*URFHU\

&RQGLPHQWV 6R\ 6DXFH


*URFHU\

0LQ 3DFN

3LFNOHV %UDQVWRQ 3LFNOH 2ULJLQDO

&URVVH %ODFNZHOO NJ

Â…

%UDQVWRQ 3LFNOH 3RUWLRQV

&URVVH %ODFNZHOO [ J

Â…

&RFNWDLO *KHUNLQV LQ 9LQHJDU

2SLHV

NJ

Â…

0HGLXP 3LFNOHG *KHUNLQV

2SLHV

NJ

Â…

2QLRQV ,Q /LJKW 9LQHJDU

'ULYHUV

NJ

Â…

5HG &DEEDJH 3LFNOHG

'ULYHUV

NJ

Â…

6OLFHG %HHWURRW

'ULYHUV

NJ

Â…

6OLFHG *KHUNLQV LQ 9LQHJDU

2SLHV

NJ

Â…

6ZHHW 3LFNOHG 2QLRQV

'ULYHUV

NJ

Â…

6ZHHW 6DQGZLFK 3LFNOH

'ULYHUV

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

5HOLVK &KXWQH\ %UDPOH\ $SSOH &LGHU &KXWQH\

*DUGHQ RI (QJODQG

NJ

Â…

%UDPOH\ $SSOH 5HDO $OH &KXWQH\

2SLHV

NJ

Â…

*UHHQ /DEHO 0DQJR &KXWQH\

6KDUZRRGV

NJ

Â…

+DPEXUJHU 5HOLVK

%LFNV

NJ

Â…

0DQJR &KXWQH\

6KDZV

NJ

Â…

5HG 2QLRQ &KXWQH\ ZLWK %DOVDPLF 9LQHJDU 2SLHV

NJ

Â…

5KXEDUE &KXWQH\ ZLWK *LQJHU

*DUGHQ RI (QJODQG

NJ

Â…

6ZHHW 0DQJR &KXWQH\

5DMDK

NJ

Â…

6ZHHWFRUQ 5HOLVK

%LFNV

NJ

Â…

7RPDWR &KXWQH\

6KDZV

NJ

Â…

7RPDWR 5HOLVK

6KDZV

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

3XUHHV %ODFNHQHG &DMXQ 6HDVRQLQJ

6FKZDUW] IRU &KHI

J

Â…

&KRSSHG *DUOLF ,Q 2LO

6FKZDUW] IRU &KHI

OW

Â…

*DUOLF 3XUHH

6FKZDUW] IRU &KHI

PO

Â…

*DUOLF 3XUHH

2SLHV

+HUEV

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

%DVLO

&KHI :LOOLDP

J

Â…

'ULHG 7K\PH

&KHI :LOOLDP

J

Â…

0L[HG +HUEV

&KHI :LOOLDP

J

Â…

3DUVOH\

&KHI :LOOLDP

J

Â…

6DJH

&KHI :LOOLDP

J

Â…

7DUUDJRQ

&KHI :LOOLDP

J

Â…

:KROH %D\ /HDYHV

&KHI :LOOLDP

J

Â…

'ULHG 5RVHPDU\ 1HHGOHV

&KHI :LOOLDP

J

Â…

'LOO

6FKZDUW] IRU &KHI

J

Â…

0L[HG +HUEV

6FKZDUW] IRU &KHI

J

Â…

0LQ 3DFN

3DFN 3ULFH

6HDVRQLQJV 6SLFHV

*URFHU\

&UDFNHG %ODFN 3HSSHU

&KHI :LOOLDP

J

Â…

&UXVKHG 'ULHG &KLOOLHV

&KHI :LOOLDP

J

Â…

*DUOLF 3RZGHU

&KHI :LOOLDP

J

Â…

*URXQG &LQQDPRQ

&KHI :LOOLDP

J

Â…

*URXQG &XPLQ

&KHI :LOOLDP

J

Â…

*URXQG *LQJHU

&KHI :LOOLDP

J

Â…

*URXQG :KLWH 3HSSHU

&KHI :LOOLDP

J

Â…

3LQN 3HSSHUFRUQV

&KHI :LOOLDP

J

Â…

7XPHULF

&KHI :LOOLDP

J

Â…

&KHI :LOOLDP

J

Â…

:KROH %ODFN 3HSSHUFRUQV

3DFN 3ULFH

OLVWLQJ FRQWLQXHG

6OLFHG *KHUNLQV LQ 9LQHJDU NJ Â…

5KXEDUE &KXWQH\ ZLWK *LQJHU NJ Â…

&UDFNHG %ODFN 3HSSHUFRUQV J Â…


3D[R 6DJH 2QLRQ 6WXI¿QJ 0L[ NJ Â…

&RVWD

6DIIURQ 3RZGHU 6DFKHW

3LQD

&KLOOL 3RZGHU

6FKZDUW] IRU &KHI

&UDFNHG %ODFN 3HSSHU *UHHQ 3HSSHUFRUQV LQ %ULQH

Â…

Â… Â…

6FKZDUW] IRU &KHI

J

Â…

6FKZDUW] IRU &KHI

PO

Â…

*URXQG %ODFN 3HSSHU

6FKZDUW] IRU &KHI

J

Â…

*URXQG &RULDQGHU

6FKZDUW] IRU &KHI

J

Â…

*URXQG :KLWH 3HSSHU

6FKZDUW] IRU &KHI

J

Â…

3DSULND

6FKZDUW] IRU &KHI

J

Â…

+RW 0DGUDV &XUU\ 3RZGHU

6KDUZRRGV

J

Â…

0LOG .RUPD &XUU\ 3RZGHU

6KDUZRRGV

J

Â…

&RRNLQJ 7DEOH 6DOW

7KH 6DOW &RPSDQ\

NJ

Â…

6WXI¿QJ %UHDGFUXPEV &URXWRQV

0LQ 3DFN

3DFN 3ULFH

1DWXUDO %UHDGFUXPEV

5HFLSHUH

NJ

Â…

6DJH 2QLRQ 6WXI¿QJ

3D[R

NJ

Â…

6DJH 2QLRQ 6WXI¿QJ

5HFLSHUH

NJ

Â…

7RDVWHG &URXWRQV

/HDWKDPV

J

Â…

0LQ 3DFN

3DFN 3ULFH

&KLFNHQ *UDY\ *UDQXOHV

%LVWR

OW

Â…

2ULJLQDO *UDY\ *UDQXOHV

%LVWR

OW

Â…

2ULJLQDO *UDY\ *UDQXOHV 5HGXFHG 6DOW

%LVWR

OW

Â…

7XUNH\ *UDY\ *UDQXOHV

%LVWR

OW

Â…

5LFK 0HDW\ *UDY\ *UDQXOHV

*ROGHQ )U\

)LQH 0HDW *UDY\ *UDQXOHV *OXWHQ )UHH

.QRUU

7KLFNHQLQJ *UDQXOHV

0F'RXJDOOV

NJ

Â…

2[R 2ULJLQDO *UDY\ *UDQXOHV

2[R

NJ

Â…

*UDY\ *UDQXOHV

5HFLSHUH

*UDY\ 3RZGHU *UDY\ 0L[

%LVWR

2ULJLQDO *UDY\ 3RZGHU

%LVWR

*UDY\ 0L[

&KHI :LOOLDP

*ROGHQ *UDY\ 0L[ 2ULJLQDO *UDY\ 0L[ 2ULJLQDO *UDY\ 0L[ *UDY\ %URZQLQJ

NJ

Â…

NJ

Â…

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

OW

Â…

OW

Â…

NJ

Â…

0DJJL

NJ

Â…

0DJJL

NJ

Â…

5HFLSHUH

NJ

Â…

6FKZDUW] IRU &KHI

J

Â…

0LQ 3DFN

3DFN 3ULFH

NJ

Â…

6WRFNV 6DXFH %DVHV %HFKDPHO 6DXFH 0L[

%DWFKHORUV

%HFKDPHO 6DXFH 0L[

.QRUU

OW

Â…

%HFKDPHO 6DXFH 578

.QRUU *DUGH G¶RU

OW

Â…

%HFKDPHO ZLWK %XWWHU 578

0DFSKLH

OW

Â…

'HPL *ODFH 6DXFH 578

0DFSKLH

OW

Â…

%HFKDPHO 6DXFH 0L[

0DJJL

NJ

Â…

'HPL *ODFH 6DXFH 0L[

0DJJL

NJ

Â…

%HHI 6WRFN &XEHV

2[R

&XEHV

Â…

&KLFNHQ 6WRFN &XEHV

2[R

&XEHV

Â…

9HJHWDEOH 6WRFN &XEHV

2[R

&XEHV

Â…

0LQ 3DFN

3DFN 3ULFH

%RXLOORQ 0L[HV 3DVWHV

2[R %HHI 6WRFN &XEHV FXEHV Â…

J

J

*UDY\ *UDQXOHV

%LVWR 7XUNH\ *UDY\ *UDQXOHV OWU Â…

3DFN 3ULFH

%HHI %RXLOORQ 3DVWH

.QRUU

NJ

Â…

&KLFNHQ %RXLOORQ 3DVWH

.QRUU

NJ

Â…

&OHDU )LVK %RXLOORQ 3DVWH

.QRUU

NJ

Â…

&OHDU 9HJHWDEOH %RXLOORQ 3DVWH

.QRUU

NJ

Â…

*URFHU\

&RDUVH 6HD 6DOW

0LQ 3DFN

*URFHU\

6HDVRQLQJV 6SLFHV &RQWLQXHG

OLVWLQJ FRQWLQXHG


*URFHU\

%RXLOORQ 0L[HV 3DVWHV &RQWLQXHG

0LQ 3DFN

3DFN 3ULFH

/DPE %RXLOORQ 3DVWH

.QRUU

NJ

Â…

9HJHWDEOH %RXLOORQ 3DVWH

.QRUU

NJ

Â…

%HHI %RXLOORQ 0L[

0DJJL

NJ

Â…

%HHI %RXOOLRQ 0L[

5HFLSHUH

NJ

Â…

9HJHWDEOH %RXOOLRQ 0L[

5HFLSHUH

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

6RXSV &DQQHG &UHDP RI 7RPDWR &RQGHQVHG 6RXS

+HLQ]

[ J

Â…

/REVWHU %LVTXH

%D[WHUV

[ J

Â…

0LQ 3DFN

3DFN 3ULFH

.QRUU 6RXSV %HHI *RXODVK 6RXS

.QRUU

[ OW

Â…

&UHDP RI &KLFNHQ 6RXS 0RQR 3DFN

.QRUU

[ PO

Â…

&UHDP RI 0XVKURRP 6RXS

.QRUU

[ OW

Â…

&UHDP RI 7RPDWR 6RXS 0RQR 3DFN

.QRUU

[ PO

Â…

+LJKODQG 9HJHWDEOH 6RXS

.QRUU

[ OW

Â…

/HHN 3RWDWR 6RXS

.QRUU

[ OW

Â…

5HG 3HSSHU 7RPDWR 6RXS

.QRUU

[ OW

Â…

5HG 3HSSHU 7RPDWR 6RXS 0RQR 3DFN

.QRUU

[ PO

Â…

0LQ 3DFN

3DFN 3ULFH

3RZGHUHG 6RXSV .QRUU 0DJJL &DUURW &RULDQGHU 6RXS

.QRUU &ODVVLF

SWQ

Â…

&UHDP RI 0XVKURRP 6RXS

.QRUU &ODVVLF

SWQ

Â…

&UHDP RI 7RPDWR 6RXS

.QRUU &ODVVLF

SWQ

Â…

&UHDP RI 9HJHWDEOH 6RXS

.QRUU &ODVVLF

SWQ

Â…

0LQHVWURQH 6RXS

.QRUU &ODVVLF

SWQ

Â…

$VSDUDJXV 6RXS

0DJJL

NJ

Â…

&HOHU\ 6RXS

0DJJL

NJ

Â…

&KLFNHQ 6RXS

0DJJL

NJ

Â…

)UHQFK 2QLRQ 6RXS

0DJJL

NJ

Â…

0LQHVWURQH 6RXS

0DJJL

NJ

Â…

2[WDLO 6RXS

0DJJL

NJ

Â…

3RWDWR /HHN 6RXS

0DJJL

NJ

Â…

6SULQJ 9HJHWDEOH 6RXS

0DJJL

NJ

Â…

7KLFN &RXQWU\ 9HJHWDEOH 6RXS

0DJJL

NJ

Â…

7RPDWR 6RXS

0DJJL

NJ

Â…

:LOG 0XVKURRP 6RXS

0DJJL

)ORXU

*URFHU\

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

&RUQÀRXU

'U 2HWNHU

NJ

Â…

3ODLQ )ORXU

0F'RXJDOOV

NJ

Â…

3ODLQ )ORXU

0L[ Q %DNH

NJ

Â…

3ODLQ )ORXU

0L[ Q %DNH

NJ

Â…

3ODLQ )ORXU

0L[ Q %DNH

NJ

Â…

3ODLQ )ORXU

0L[ Q %DNH

NJ

Â…

6HOI 5DLVLQJ )ORXU

0F'RXJDOOV

NJ

Â…

6HOI 5DLVLQJ )ORXU

0L[ Q %DNH

NJ

Â…

6HOI 5DLVLQJ )ORXU

0L[ Q %DNH

NJ

Â…

6HOI 5DLVLQJ )ORXU

0L[ Q %DNH

NJ

Â…

6HOI 5DLVLQJ )ORXU

0L[ Q %DNH

NJ

Â…

6WURQJ :KLWH %UHDG )ORXU

9LNLQJ

NJ

Â…

9HU\ 6WURQJ :KROHPHDO %UHDG )ORXU

$OOLQVRQ

NJ

Â…

:KROHPHDO )ORXU

0F'RXJDOOV

NJ

Â…

%HHI %RXLOORQ 0L[ NJ Â…

/HHN 3RWDWR 6RXS [ OWU Â…

:LOG 0XVKURRP 6RXS NJ Â…


NJ

Â…

0F'RXJDOOV

NJ

Â…

%DNLQJ 0L[HV 3DVWU\ 6XHW %DWWHU

0LQ 3DFN

3DFN 3ULFH

6KRUWFUXVW 3DVWU\ 0L[

0F'RXJDOOV

NJ

Â…

6KRUWFUXVW 3DVWU\ 0L[

'U 2HWNHU

NJ

Â…

6XHW %HHI 0L[

0F'RXJDOOV

NJ

Â…

6XHW 3XGGLQJ 'XPSOLQJ 0L[

'U 2HWNHU

NJ

Â…

)LVK %DWWHUPL[

0F'RXJDOOV

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

&DUURW &DNH 0L[

0F'RXJDOOV

NJ

Â…

&KRFRODWH 6SRQJH 0L[

'U 2HWNHU

NJ

Â…

&UXPEOH 0L[

'U 2HWNHU

NJ

Â…

3ODLQ 6SRQJH 0L[

0F'RXJDOOV

NJ

Â…

3ODLQ 6SRQJH 0L[

'U 2HWNHU

NJ

Â…

6FRQH 'RXJKQXW 0L[

'U 2HWNHU

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

%UDQG\ 6QDS %DVNHW

6KDUS

Â…

0HULQJXH 1HVWV

/HHV

Â…

0LQL 6DYRXU\ 7DUWOHW FP

&KDPSDGRU

Â…

6SRQJH )LQJHUV SHU SDFN

%RQRPL

[ J

Â…

7DUWOHW &DVH 6DYRXU\ FP

&KDPSDGRU

Â…

7DUWOHW &DVH 6DYRXU\ FP

&KDPSDGRU

Â…

7DUWOHW &DVH 6ZHHW FP

&KDPSDGRU

%DNLQJ )UXLW 3LH )LOOLQJV

Â… 3DFN 3ULFH

$SSOH %ODFNEHUU\ 3LH )LOOLQJ

0DUJHWWV

NJ

Â…

$SSOH 5DVSEHUU\ 3LH )LOOLQJ

0DUJHWWV

NJ

Â…

%ODFN &KHUU\ 3LH )LOOLQJ

0DUJHWWV

NJ

Â…

%UDPOH\ $SSOH 3LH )LOOLQJ

0DUJHWWV

NJ

Â…

0LQFHPHDW

0DUJHWWV

NJ

Â…

5HG 0RUHOOR &KHUU\ 3LH )LOOLQJ

0DUJHWWV

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

%DNLQJ 6XQGULHV %DNLQJ 3RZGHU

1RHOV

J

Â…

%LFDUERQDWH RI 6RGD

1RHOV

J

Â…

/HPRQ -XLFH

.7&

PO

Â…

J

Â…

NJ

Â…

PO

Â…

3RGV

Â…

J

Â…

/HPRQ 6OLFHV /LTXLG *OXFRVH 6\UXS

'*)

9DQLOOD )ODYRXULQJ

6XSHUFRRN

9DQLOOD 3RGV

&HQWDXU

&RFNWDLO &KHUULHV :KROH *ODFH &KHUULHV

0DUJHWWV

%DNLQJ 6XQGULHV &KRFRODWH

/HPRQ 6OLFHV J Â…

0LQ 3DFN

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

'DUN &KRFRODWH &DOOHWV &RFRD

&DOOHEDXW

NJ

Â…

'DUN &KRFRODWH &KLSV

0F'RXJDOOV

NJ

Â…

0LON &KRFRODWH

6FRWEORF

NJ

Â…

3ODLQ &KRFRODWH

6FRWEORF

NJ

Â…

:KLWH &KRFRODWH &KLSV

0F'RXJDOOV

NJ

Â…

*URFHU\

0F'RXJDOOV

:KLWH %UHDG 5ROO 0L[

&DNH 3DVWU\ %DVHV

0HULQJXH 1HVWV V S HD

3DFN 3ULFH

3L]]D %DVH 0L[

%DNLQJ 0L[HV &DNHV 6QDFNV

:KLWH %UHDG 5ROO 0L[ NJ Â…

0LQ 3DFN

*URFHU\

%DNLQJ 0L[HV %UHDG 3L]]D


*URFHU\

'ULHG )UXLW

3DFN 3ULFH

&KRSSHG 'DWHV

,PSHULDO

NJ

Â…

0L[HG )UXLW

,PSHULDO

NJ

Â…

3LWWHG 3UXQHV

,PSHULDO

NJ

Â…

5DLVLQV

,PSHULDO

NJ

Â…

:KROH 'ULHG $SULFRWV

,PSHULDO

PL[HG SHHO UDLVLQV VXOWDQDV FXUUDQWV

'ULHG 1XWV

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

&KRSSHG 0L[HG 1XWV

,PSHULDO

NJ

Â…

)ODNHG $OPRQGV

,PSHULDO

NJ

Â…

*URXQG $OPRQGV

,PSHULDO

NJ

Â…

3HFDQ 1XWV

,PSHULDO

NJ

Â…

3LQH 1XW .HUQHOV

,PSHULDO

NJ

Â…

:DOQXWV 3LHFHV

,PSHULDO

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

7LQQHG )UXLW LQ -XLFH )UXLW &RFNWDLO

3DFNHUV

[ J

Â…

)UXLW &RFNWDLO

)RQWLQHOOD

NJ

Â…

/DUJH 3LQHDSSOH 5LQJV

)RQWLQHOOD

J

Â…

3HDFK +DOYHV

)RQWLQHOOD

NJ

Â…

3HDFK 6OLFHV

)RQWLQHOOD

NJ

Â…

3HDU +DOYHV

)RQWLQHOOD

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

NJ

Â…

$

Â…

7LQQHG )UXLW LQ 6\UXS )UXLW &RFNWDLO

)RQWLQHOOD

,WDOLDQ $SSOHV 6ROLG 3DFN

&KHI :LOOLDP

/DUJH 3LQHDSSOH 5LQJV

3DFNHUV

J

Â…

0LQL 3LQHDSSOH 5LQJV

)RQWLQHOOD

J

Â…

3LWWHG 'DUN &KHUULHV

)RQWLQHOOD

J

Â…

3UXQHV

)RQWLQHOOD

NJ

Â…

5HG 3OXP +DOYHV

)RQWLQHOOD

NJ

Â…

5KXEDUE

+DUWOH\V

$

Â…

:KROH *UDSHIUXLW 6HJPHQWV

)RQWLQHOOD

NJ

Â…

:KROH *UDSHIUXLW 6HJPHQWV

7URXW +DOO

[ J

Â…

:KROH 0DQGDULQ 6HJPHQWV

)RQWLQHOOD

NJ

Â…

:KROH 2UDQJH 6HJPHQWV

)RQWLQHOOD

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

[ J

Â…

<RJKXUW $PELHQW /RQJ /LIH $VVRUWHG /RZ )DW <RJKXUWV

(OP )DUP

,QFOXGHV RI HDFK ÀDYRXU VWUDZEHUU\ UDVSEHUU\ SHDFK PHOED DQG WRIIHH IXGJH

&KRRVH IURP RXU UDQJH RI 'ULHG 1XWV RQ WKH OHIW

)UXLW &RFNWDLO NJ Â…

'HVVHUWV 0L[HV 7LQQHG

*URFHU\

0LQ 3DFN

0LQ 3DFN

3DFN 3ULFH

&KHHVHFDNH %LVFXLW &UXPE %DVH 0L[

%LUGV

SWQ

Â…

&KHHVHFDNH )LOOLQJ 0L[

%LUGV

SWQ

Â…

&UHPH %UXOHH

0DFSKLH

OW

Â…

2ULJLQDO &KHHVHFDNH 0L[ $GG 0LON

%LUGV

SWQ

Â…

5LFH 3XGGLQJ

&URVVH %ODFNZHOO NJ

Â…

'HVVHUWV -HOO\ :KLSV

0LQ 3DFN

3DFN 3ULFH

$QJHO 'HOLJKW %XWWHUVFRWFK

%LUGV

SWQ

Â…

$QJHO 'HOLJKW &KRFRODWH

%LUGV

SWQ

Â…

$QJHO 'HOLJKW 6WUDZEHUU\

%LUGV

SWQ

Â…

-HOO\ $VVRUWHG )ODYRXUV LQ 7DEOHW

+DUWOH\V

[ J

Â…

-HOO\ &U\VWDOV 6WUDZEHUU\

'U 2HWNHU

NJ

Â…

5LFH 3XGGLQJ NJ Â…


3DFN 3ULFH

'LDEHWLF -DP 6WUDZEHUU\

6FRWWV

[ J

Â…

'LDEHWLF -HOO\ &U\VWDOV )ODYRXUV

$SSOHIRUGV

[ [ J

Â…

6FRWWV

[ J

Â…

0LQ 3DFN

3DFN 3ULFH

PO

Â…

0LQ 3DFN

3DFN 3ULFH

RI HDFK ÀDYRXUV OHPRQ UDVSEHUU\ RUDQJH VWUDZEHUU\

'LDEHWLF 6FRWFK 0DUPDODGH

)UXLW &RXOLV 5DVSEHUU\ )UXLW &RXOLV

0DFSKLH

&XVWDUG &XVWDUG 0L[ $GG :DWHU

'U 2HWNHU

&XVWDUG 0L[ ,QVWDQW $GG :DWHU

%LUGV

&XVWDUG 3RZGHU $GG 0LON

%LUGV

&XVWDUG 3RZGHU $GG 0LON

'U 2HWNHU

'DLU\ &XVWDUG 5 7 6

.HUU\PDLG

OWU

Â…

$PEURVLD

[ OW

Â…

0LQ 3DFN

3DFN 3ULFH

OW

Â…

5DVSEHUU\ &RXOLV PO Â… 'HYRQ &XVWDUG 5 7 6

'HVVHUW 6DXFHV 7RSSLQJV

&KRFRODWH /LQHG :DIHU &XUOV V Â… )DQ :DIHUV V Â…

Â…

NJ

Â…

NJ

Â…

NJ

Â…

%UDQG\ 6DXFH

.HUU\PDLG

%XWWHUVFRWFK 'HVVHUW 6DXFH

0DUJHWWV

J

Â…

&KRFRODWH )ODYRXUHG 'HVVHUW 6DXFH

0DUJHWWV

J

Â…

0DSOH )ODYRXU 'HVVHUW 6DXFH

0DUJHWWV

J

Â…

0LON &KRFRODWH 6DXFH

0DFSKLH

OW

Â…

5DVSEHUU\ )ODYRXUHG 'HVVHUW 6DXFH

0DUJHWWV

J

Â…

6WUDZEHUU\ )ODYRXUHG 'HVVHUW 6DXFH

0DUJHWWV

J

Â…

7RIIHH )XGJH 'HVVHUW 6DXFH

0DUJHWWV

J

Â…

'HVVHUW ,FH &UHDP &RQHV :DIHUV 7RSSLQJV

0LQ 3DFN

3DFN 3ULFH

&KRFRODWH /LQHG :DIHU &XUOV

9DOHWWR

Â…

)DQ :DIHUV

9DOHWWR

Â…

)DQ :DIHUV LQ 'LVSOD\ %R[

6DQ 5HPR

Â…

)ODNH

&DGEXU\

Â…

0LQL &RORXUHG 0DUVKPDOORZV

&DWHUOLQN

NJ

Â…

6XJDU &XUOV /X[XU\ LQ 'LVSOD\ %R[

9DOHWWR

Â…

7XOLS :DIHU %DVNHWV

6FKROOHU

6\UXS 7UHDFOH %ODFN 7UHDFOH

6LOYHU 6SRRQ

*ROGHQ 6\UXS

6LOYHU 6SRRQ

*ROGHQ 6\UXS

/\OHV

3XUH 0DSOH 6\UXS (DV\ 6TXHH]\ 3DFN

5RZVH

+RQH\

Â…

0LQ 3DFN

3DFN 3ULFH

J

Â…

J

Â…

NJ

Â…

J

Â…

0LQ 3DFN

3DFN 3ULFH

&OHDU +RQH\ LQ (DV\ 6TXHH]\ 3DFN

5RZVH

J

Â…

+RQH\ %ORVVRP &OHDU

5RZVH

NJ

Â…

+RQH\ %ORVVRP &OHDU LQ -XJ

5RZVH

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

6XJDU

+RQH\ %ORVVRP &OHDU NJ Â…

NJ

&DVWHU 6XJDU

7DWH /\OH

NJ

Â…

&DVWHU 6XJDU

7DWH /\OH

NJ

Â…

'HPHUDUD 6XJDU

7DWH /\OH

NJ

Â…

*UDQXODWHG 6XJDU

7DWH /\OH

NJ

Â…

*UDQXODWHG 6XJDU

7DWH /\OH

NJ

Â…

*UDQXODWHG 6XJDU

7DWH /\OH

NJ

Â…

*UDQXODWHG 6XJDU

7DWH /\OH

NJ

Â…

,FLQJ 6XJDU

7DWH /\OH

NJ

Â…

6RIW 'DUN %URZQ 6XJDU

7DWH /\OH

NJ

Â…

6RIW /LJKW %URZQ 6XJDU

7DWH /\OH

NJ

Â…

6XJDU &U\VWDOV

7DWH /\OH

J

Â…

*URFHU\

0LQ 3DFN

*URFHU\

'LDEHWLF 6HOHFWLRQ


*URFHU\

6XJDU &XEHV 6DFKHWV 6WLFNV

3DFN 3ULFH

'HPHUDUD 5RXJK &XW &XEHV

6LOYHU 6SRRQ

J

Â…

'HPHUDUD 6XJDU 6DFKHWV

7DWH /\OH

[ J

Â…

'HPHUDUD 6XJDU 6WLFNV

3RUWLRQSDN

[ J

Â…

:KLWH 5RXJK &XW &XEHV

6LOYHU 6SRRQ

J

Â…

:KLWH 6XJDU 6DFKHWV

7DWH /\OH

[ J

Â…

:KLWH 6XJDU 6WLFNV

3RUWLRQSDN

[ J

Â…

0LQ 3DFN

3DFN 3ULFH

6ZHHWHQHUV *UDQXODU 6ZHHWHQHU LQ 'UXP

&DQGHUHO

J

Â…

*UDQXODU 6ZHHWHQHU 6DFKHWV

&DQGHUHO

Â…

*UDQXODU 6ZHHWHQHU 6WLFNV

&DQGHUHO

Â…

2QH 7DEOHW 6ZHHWHQHU 6DFKHW

&DQGHUHO

Â…

0LQ 3DFN

3DFN 3ULFH

3UHVHUYHV )LQH &XW 2UDQJH 0DUPDODGH

0DUJHWWV

NJ

Â…

0L[HG )UXLW -DP

0DUJHWWV

NJ

Â…

5DVSEHUU\ -DP

0DUJHWWV

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

3UHVHUYHV 3RUWLRQV $VVRUWHG -DP 3RUWLRQV

0DUJHWWV

[ J

Â…

$VVRUWHG 0DUPDODGH 3RUWLRQV

5REHUWVRQV

[ J

Â…

%ODFNFXUUDQW -DP LQ 0LQL -DUV

7LSWUHH

[ J

Â…

%UHDNIDVW 0DUPDODGH 3RUWLRQV

)UDQN &RRSHUV

[ J

Â…

&OHDU +RQH\ LQ 0LQL -DUV

7LSWUHH

[ J

Â…

)LQH &XW 2UDQJH 0DUPDODGH LQ 0LQL -DUV

7LSWUHH

[ J

Â…

0DUPDODGH 3RUWLRQV

0DUJHWWV

[ J

Â…

0DUPLWH 3RUWLRQV

0DUPLWH

[ J

Â…

5DVSEHUU\ -DP LQ 0LQL -DUV

7LSWUHH

[ J

Â…

6WUDZEHUU\ -DP LQ 0LQL -DUV

7LSWUHH

[ J

Â…

6WUDZEHUU\ -DP 3RUWLRQV

0DUJHWWV

[ J

Â…

0LQ 3DFN

3DFN 3ULFH

&HUHDOV %DJ 3DFNV %XON $OSHQ 0XHVOL

:HHWDEL[

[ NJ

Â…

%UDQ )ODNHV

.HOORJJV

[ J

Â…

%UDQÀDNHV

:HHWDEL[

[ J

Â…

&RFR 3RSV

.HOORJJV

J

Â…

&RUQ )ODNHV

.HOORJJV

[ J

Â…

&RUQ )ODNHV

.HOORJJV

NJ

Â…

&RUQ )ODNHV

.HOORJJV

J

Â…

)ODNHG 3RUULGJH 2DWV

2VSULR

[ NJ

Â…

2DWÀDNHV 6XSHUIDVW

0RUQÀDNH

NJ

Â…

5LFH .ULVSLHV

.HOORJJV

[ J

Â…

5LFH .ULVSLHV

.HOORJJV

J

Â…

5LFH .ULVSLHV

.HOORJJV

NJ

Â…

:HHWDEL[

:HHWDEL[

[

Â…

0LQ 3DFN

3DFN 3ULFH

&HUHDOV 3RUWLRQ 3DFNV

*URFHU\

0LQ 3DFN

$OO %UDQ 2ULJLQDO

.HOORJJV

[ J

Â…

$OSHQ 0XHVOL 6DFKHWV

:HHWDEL[

[ J

Â…

$OSHQ 0XHVOL 6DFKHWV 1R $GGHG 6XJDU

:HHWDEL[

[ J

Â…

%UDQ )ODNHV

.HOORJJV

[ J

Â…

&RFR 3RSV

.HOORJJV

[ J

Â…

&RUQÀDNHV

.HOORJJV

[ J

Â…

&UXQFK\ 1XW &RUQ )ODNHV

.HOORJJV

[ J

Â…

)URVWLHV

.HOORJJV

[ J

Â…

5LFH .ULVSLHV

.HOORJJV

[ J

Â…

6SHFLDO .

.HOORJJV

[ J

Â…

:HHWDEL[ &DWHULQJ %LVFXLW 3RUWLRQ

:HHWDEL[

[

Â…

:HHWDEL[ &DWHULQJ 3DFN %LVFXLW 3RUWLRQ :HHWDEL[

[

Â…

&DQGHUHO *UDQXODU 6ZHHWHQHU LQ 'UXP J Â…

$VVRUWHG -DP +RQH\ DQG 0DUPDODGH DYDLODEOH LQ PLQL SRWV

$OSHQ 0XHVOL 6DFKHWV [ J Â… $OSHQ 0XHVOL 6DFKHWV 1R $GGHG 6XJDU [ Â…


-DFREV

J

Â…

&UHDP &UDFNHUV

-DFREV

[ %LV

Â…

0LQ 3DFN

3DFN 3ULFH

Â…

%RXUERQ &UHDPV

&UDZIRUGV

[ J

&XVWDUG &UHDPV

&UDZIRUGV

[ J

Â…

'LJHVWLYH %LVFXLWV

+HULWDJH

[ J

Â…

)LJ 5ROO %LVFXLWV

&UDZIRUGV

[ J

Â…

*LQJHU 1XW %LVFXLWV

0F9LWLHV

[ J

Â…

,QGLYLGXDOO\ :UDSSHG &DUDPHOLVHG &RIIHH %LVFXLWV /RWXV

Â…

,WDOLDQ %LVFRWWL %LVFXLWV

3DFNHUV

NJ

Â…

-DP 5LQJ %LVFXLWV

&UDZIRUGV

[ J

Â…

0LON &KRFRODWH 'LJHVWLYH %LVFXLWV

0F9LWLHV

[ J

Â…

3LQN :DIHU %LVFXLWV

&UDZIRUGV

[ J

Â…

5LFK 7HD %LVFXLWV

0F9LWLHV

[ J

Â…

0LQ 3DFN

3DFN 3ULFH

%LVFXLWV &DWHULQJ 3DFNV %XON $VVRUWHG /X[XU\ 0LQL 3DFN %LVFXLWV

%URQWH

[ %LV

Â…

$VVRUWHG 0LQL 3DFN %LVFXLWV

&UDZIRUGV

[ %LV

Â…

$VVRUWHG 6ZHHW %LVFXLWV LQ %R[

&UDZIRUGV 5RYHU

NJ

Â…

'LJHVWLYH %LVFXLWV %XON 3DFN

0F9LWLHV

NJ

Â…

7UDGLWLRQDO &DWHULQJ %LVFXLWV $VVRUWPHQW

%URQWH

[ J

Â…

0LQ 3DFN

3DFN 3ULFH

%LVFXLWV 6QDFN 3DFNV *LDQW &KRF &KLS &RRNLHV

+DQGPDGH )ODSMDFN [ J

Â…

*LDQW 0L[HG &RRNLHV

+DQGPDGH )ODSMDFN [ J

Â…

*LQJHUEUHDG 0HQ %LVFXLWV

+DQGPDGH )ODSMDFN [ J

Â…

0LQL &KRFRODWH 'LJHVWLYHV

0F9LWLHV

[ J

Â…

0LQL &KRFRODWH +RE1REV

0F9LWLHV

[ J

Â…

0LQ 3DFN

3DFN 3ULFH

&DNHV 0XI¿QV )ODSMDFN

$VVRUWHG 0LQL 3DFN %LVFXLWV [ ELV Â…

3DFN 3ULFH

%LVFXLWV IRU &KHHVH

%LVFXLWV 6ZHHW

-DFRE V %LVFXLWV IRU &KHHVH J Â…

0LQ 3DFN

$VVRUWHG -XPER )ODSMDFN

+DQGPDGH )ODSMDFN [ J

Â…

&RUQÀDNH &UXQFK\ &DNH

+DQGPDGH )ODSMDFN [ J

Â…

)ODSMDFN $VVRUWHG

+DQGPDGH )ODSMDFN [ J

Â…

)ODYRXUV LQFOXGLQJ FDUDPHO EDNH FKRFRODWH UDVSEHUU\ IUXLW \RJKXUW

0LJKW\ 0L[HG 7RSSHG 0XI¿QV

*URFHU\

%LVFXLWV 6DYRXU\

+DQGPDGH )ODSMDFN [ J

Â…

+DQGPDGH )ODSMDFN [ J

Â…

RI HDFK RI WKH IROORZLQJ WRIIHH GDUN FKRFRODWH ZKLWH FKRFRODWH FKRFRODWH RUDQJH FDSSXFFLQR

0LJKW\ 0L[HG 8QWRSSHG 0XI¿QV ,QGLYLGXDOO\ ZUDSSHG PXI¿QV FRQWDLQLQJ HDFK RI WKH IROORZLQJ ÀDYRXUV OHPRQ EOXHEHUU\ GRXEOH FKRFRODWH DSSOH FLQQDPRQ FKHUU\

0L[HG &DNHV

+DQGPDGH )ODSMDFN [ J

Â…

/HHV

,QG :U

Â…

0LQ 3DFN

3DFN 3ULFH

7HDFDNHV ZLWK -DP &HQWUH

0LON &UHDP 3RUWLRQV )XOO &UHDP 3RUWLRQV

/DNHODQG

Â…

6HPL 6NLPPHG 0LON 3RUWLRQV

/DNHODQG

Â…

0LON 3RUWLRQV

/DNHODQG

Â…

0LQ 3DFN

3DFN 3ULFH

1HVWOH

[ J

Â…

&DUQDWLRQ

[ NJ

Â…

NJ

Â…

7LQQHG 3RZGHUHG 0LON &RQGHQVHG 0LON )XOO &UHDP 3RUWLRQV V Â… &RQGHQVHG 0LON 6HPL 6NLPPHG 0LON 3RUWLRQV V Â… 0LON 3RUWLRQV V Â… 9DOXH 0LON 3RZGHU

0LOODF

*URFHU\

RI HDFK RI WKH IROORZLQJ FKRFRODWH OHPRQ FDUURW


*URFHU\

%HYHUDJHV ,QVWDQW &RIIHH

0LQ 3DFN

3DFN 3ULFH

&RIIHH 'HFDII *UDQXOHV

1HVFDIH

J

Â…

&RIIHH *ROG %OHQG

1HVFDIH

J

Â…

&RIIHH *UDQXOHV

1HVFDIH

J

Â…

&RIIHH *UDQXOHV

0D[ZHOO +RXVH

J

Â…

%HYHUDJHV &RIIHH 6WLFNV 6LQJOHV

0LQ 3DFN

3DFN 3ULFH

'HFDIIHLQDWHG &RIIHH 6WLFNV

1HVFDIH

Â…

0HGLXP 5RDVW &RIIHH

.HQFR 6LQJOHV

[

Â…

2ULJLQDO &RIIHH 6WLFNV

1HVFDIH

%HYHUDJHV 5RDVW &RIIHH &RIIHH ,QFOXGLQJ )LOWHU 3DSHUV

%HYHUDJHV 7HD

Â…

0LQ 3DFN

3DFN 3ULFH

[ 3LQW

Â…

0LQ 3DFN

3DFN 3ULFH

&DWHULQJ 7HDEDJV

7\SKRR

Â…

&DWHULQJ 7HDEDJV

6XSHULRU %OHQG

Â…

(QYHORSH 7HDEDJV

3* 7LSV

Â…

(QYHORSH 7HDEDJV

7HWOH\

Â…

3UHPLXP 7HDEDJV

7ZLQLQJV

Â…

3\UDPLG 7HDEDJV

3* 7LSV

Â…

0LQ 3DFN

3DFN 3ULFH

[

Â…

%HYHUDJHV &KRFRODWH 0DOW 'ULQNV

0LQ 3DFN

3DFN 3ULFH

&RFRD

&DGEXU\

NJ

Â…

'ULQNLQJ &KRFRODWH

&DGEXU\

NJ

Â…

,QVWDQW +RW &KRFRODWH

&DGEXU\

NJ

Â…

,QVWDQW +RW &KRFRODWH 6DFKHWV

&DGEXU\

[ J

Â…

[ J

Â…

NJ

Â…

J

Â…

%HYHUDJHV 6SHFLDOLW\ 7HDV 9DULHW\ 3DFN )ODYRXUHG 7HDV (QYHORSHV

7ZLQLQJV

/RZ )DW +RUOLFNV 6DFKHWV 2ULJLQDO +RUOLFNV 5HGXFHG )DW &RFRD 3RZGHU

)UHVKHUV

6HH OHIW IRU RXU ZLGH UDQJH RI FRIIHH

,QVWDQW +RW &KRFRODWH 6DFKHWV [ J Â…

*URFHU\


$OSKDEHWLFDO ,QGH[ IRU

4NACKS AND %RINKS Page numbers for the indexes of our other Sections:

)UR]HQ IRRG

&KLOOHG IRRGV

After Dinner Mints Buxton Still Water Chocolate - After Dinner Mints Chocolate - Retail Bars and Bags Confectionary Cordials - Fruit Crisps Fruit Juice - Cordials Fruit Juice - Ready to Drink Milkshake Mixes Mint Imperials

*URFHU\ DQG 3URYLVLRQV

62 63 62 62 62 63 62 63 63 63 62

Nuts and Snacks Peanuts Pork Scratchings PressÊ - Premium Soft Drinks Soft Drinks - Cans Soft Drinks - Children’s Brands Soft Drinks - Glass Bottles Soft Drinks - Plastic Bottles Sports Cap Soft Drinks Sugar-free Cordials W ater - Still & Sparkling

63 63 63 63 64 64 63 64 64 63 63

$OSKDEHWLFDO ,QGH[ IRU

/ON 'OOD AND )YGIENE PRODUCTS Aluminium Foil Trays and Rolls Baking Paper Rolls Banquet Rolls Black Sacks Bleach and Toilet Cleaner Cleaning Liquids Cleaning Materials Cling Film Rolls Cocktail Sticks Cups - Disposable Dish Washer Chemicals Disinfectant Disposable - Cups Disposable - Gloves Disposable - Paper Tableware Doyles - Paper Drinking Straws Dusters - Yellow Foil - Rolls Foil - Trays with Lids Food Order Pads Glass Cleaner Gloves - Disposable Greaseproof Paper Sheets

65 65 65 66 66 66 66 65 65 65 67 66 65 66 65 65 66 66 65 65 65 66 66 65

Hand W ash Liquids Kitchen Towels Mops Muffin and Bun Paper Cases Napkins - Paper Oven Cleaner Paper - Baking Paper - Disposables Paper - Muffin and Bun Cases Paper - Plates Paper - Rolls Paper - Sheets Paper - Towels Parchment Paper Rolls Plastic Bags and Sacks Plastic Cutlery Scourers Skewers - Wooden Straws - Drinking Tableware - Disposable Toilet Cleaner and Bleach Towels - Paper W ashing and Laundry W ashing Up Liquid

67 66 66 66 65 67 65 65 66 65 65 65 67 65 66 65 66 66 66 65 66 67 67 66


6QDFNV 'ULQNV

&RQIHFWLRQHU\ $IWHU 'LQQHU 0LQWV

0LQ 3DFN

3DFN 3ULFH

0LON &KRFRODWH 0LQW &ULVS 5RXQG

(OL]DEHWK 6KDZ

Â…

0LQW &UHPHV )RLOHG

:KLWDNHUV

NJ

Â…

.LWFKHQ .LQJ

NJ

Â…

:KLWDNHUV

NJ

Â…

3ODLQ 'LQQHU 0LQWV :UDSSHG LQ )RLO ZLWK &RPSOLPHQWV 7DJ

Â…

&RQIHFWLRQHU\ &KRFRODWH %DUV 3RXFKHV

0LQ 3DFN

3DFN 3ULFH

$SSUR[ FKRFRODWHV

0LQW &ULVS 3ODLQ )RLOHG $SSUR[ FKRFRODWHV .LWFKHQ .LQJ %UDQG $SSUR[ FKRFRODWHV

0LQW ,PSHULDOV $SSUR[ PLQWV SHU SDFN

&UXQFKLH

&DGEXU\

Â…

'DLU\ 0LON

&DGEXU\

Â…

)ODNH

&DGEXU\

Â…

)UHGGR

&DGEXU\

Â…

7ZLUO

&DGEXU\

Â…

0DOWHVHUV 6WDQGDUG %DJ

0DUV

Â…

0DUV %DU

0DUV

Â…

6QLFNHUV %DU

0DUV

Â…

7ZL[ 7ZLQ %DU

0DUV

Â…

.LW .DW )LQJHU

1HVWOH

Â…

.LW .DW )LQJHU

1HVWOH

Â…

.LW .DW &KXQN\

1HVWOH

&ULVSV :DONHUV

6QDFNV 'ULQNV

Â…

0LQ 3DFN

3DFN 3ULFH

&KHHVH 2QLRQ

.3

[ J

Â…

+XOD +RRSV

.3

[ J

Â…

5HDG\ 6DOWHG

.3

[ J

Â…

0LQL &KHGGDUV

0F9LWLHV

[ J

Â…

%LJ (DW &KHHVH 2QLRQ

:DONHUV

[ J

Â…

%LJ (DW 5HDG\ 6DOWHG

:DONHUV

[ J

Â…

%LJ (DW 6DOW 9LQHJDU

:DONHUV

[ J

Â…

&KHHVH 2QLRQ

:DONHUV

[ J

Â…

&KHHVH 4XDYHUV

:DONHUV

[ J

Â…

&KHHV\ :RWVLWV

:DONHUV

[ J

Â…

3UDZQ &RFNWDLO

:DONHUV

[ J

Â…

5HDG\ 6DOWHG

:DONHUV

[ J

Â…

5HDG\ 6DOWHG )DPLO\ 6L]H

:DONHUV

[ J

Â…

5HDG\ 6DOWHG )UHQFK )ULHV

:DONHUV

[ J

Â…

5RDVW &KLFNHQ

:DONHUV

[ J

Â…

6DOW 9LQHJDU

:DONHUV

[ J

Â…

6PRN\ %DFRQ

:DONHUV

[ J

Â…

6WHDN 2QLRQ

:DONHUV

[ J

Â…

0LQ 3DFN

3DFN 3ULFH

&ULVSV 3UHPLXP %UDQGV +DQGFRRNHG +DP 0XVWDUG

5HDO &ULVSV

[ J

Â…

+DQGFRRNHG 6HD 6DOW

5HDO &ULVSV

[ J

Â…

&KHGGDU 0DWXUH &KHHVH &KLYH 3RWDWR &KLSV 7\UUHOOV

[ J

Â…

&LGHU 9LQHJDU 6HD 6DOW 3RWDWR &KLSV

7\UUHOOV

[ J

Â…

/LJKWO\ 6HD 6DOWHG 3RWDWR &KLSV

7\UUHOOV

[ J

Â…

/LJKWO\ 6HD 6DOWHG 3RWDWR &KLSV LQ 7XEV

7\UUHOOV

J

Â…

(OL]DEHWK 6KDZ 0LON 0LQW &ULVS V Â…

&KRRVH D IDYRXULWH IURP RXU UDQJH RI DVVRUWHG FKRFRODWH EDUV

$ ODUJH UDQJH RI FULVSV LV DYDLODEOH


[ J

Â…

3RUN 6FUDWFKLQJV RQ &DUG

.3

[ J

Â…

6DOWHG 3HDQXWV RQ &DUG

.3

[ J

Â…

'U\ 5RDVWHG 3HDQXWV LQ %R[

1REE\V

[ J

Â…

6DOWHG 3HDQXWV LQ %R[

1REE\V

[ J

Â…

6ZHHW &KLOOL 3HDQXWV LQ %R[

1REE\V

[ J

Â…

0LQ 3DFN

3DFN 3ULFH

%DQDQD 0LONVKDNH 0L[ 1R $GGHG 6XJDU

&UXVKD

OW

Â…

&KRFRODWH 0LONVKDNH 0L[

&UXVKD

OW

Â…

6WUDZEHUU\ 0LONVKDNH 0L[ 1R $GGHG 6XJDU

&UXVKD

OW

Â…

0LQ 3DFN

3DFN 3ULFH

$SSOH %ODFNFXUUDQW &RUGLDO 1R $GGHG 6XJDU 5RELQVRQV

OW

Â…

%ODFNFXUUDQW &RUGLDO 'LOXWLRQ

)UHVKHUV

OW

Â…

/HPRQ 'ULQN 1R $GGHG 6XJDU

5RELQVRQV

OW

Â…

/LPH -XLFH &RUGLDO 'LOXWLRQ

)UHVKHUV

OW

Â…

2UDQJH 6TXDVK 'LOXWLRQ

)UHVKHUV

OW

Â…

2UDQJH 6TXDVK 1R $GGHG 6XJDU

5RELQVRQV

OW

Â…

2ULJLQDO 2UDQJH 6TXDVK

5RELQVRQV

OW

Â…

:KROH /HPRQ 'ULQN 'LOXWLRQ

)UHVKHUV

OW

Â…

:KROH 2UDQJH 'ULQN 'LOXWLRQ

)UHVKHUV

2UDQJH 'ULQN :KROH 6XJDU )UHH 'LOXWLRQ

6RIW 'ULQNV )UXLW -XLFHV

Â… Â…

0LQ 3DFN

3DFN 3ULFH

$SSOH -XLFH

-DIID *ROG

[ OW

Â…

&UDQEHUU\ -XLFH

3ULQFHV

[ OW

Â…

*UDSHIUXLW -XLFH

-DIID *ROG

[ OW

Â…

2UDQJH -XLFH

-DIID *ROG

[ OW

Â…

3LQHDSSOH -XLFH

-DIID *ROG

[ OW

Â…

3XUH 2UDQJH -XLFH

3ULQFHV

[ OW

Â…

0LQ 3DFN

3DFN 3ULFH

[ PO

Â…

[ OW

Â…

[ PO

Â…

6RIW 'ULQNV 6WLOO 6SDUNOLQJ :DWHU %X[WRQ 6WLOO :DWHU 3ODVWLF %RWWOH +DGULDQ 6SULQJ 6WLOO :DWHU +DUURJDWH 6SD 6SDUNOLQJ :DWHU *ODVV %RWWOH +DUURJDWH 6SD 6SDUNOLQJ :DWHU 3ODVWLF %RWWOH

[ OW

Â…

+DUURJDWH 6SD 6WLOO :DWHU *ODVV %RWWOH

[ PO

Â…

5DGQRU +LOOV 6SDUNOLQJ :DWHU

[ PO

Â…

5DGQRU +LOOV 6WLOO :DWHU

[ PO

Â…

5DGQRU +LOOV 6WLOO :DWHU ZLWK 6SRUWV &DS

[ PO

Â…

0LQ 3DFN

3DFN 3ULFH

6RIW 'ULQNV *ODVV %RWWOHV

&KRRVH IURP RXU UHIUHVKLQJ UDQJH RI SUHVVHV

OW OW

&UDQEHUU\ 3UHVVH

%HOYRLU

[ PO

Â…

(OGHUÀRZHU 3UHVVH

%HOYRLU

[ PO

Â…

/LPH /HPRQJUDVV 3UHVVH

%HOYRLU

[ PO

Â…

2UJDQLF *LQJHU %HHU 3UHVVH

%HOYRLU

[ PO

Â…

2UJDQLF /HPRQDGH 3UHVVH

%HOYRLU

[ PO

Â…

3RPHJUDQDWH 5DVSEHUU\

%HOYRLU

[ PO

Â…

- $SSOH 0DQJR

%ULWYLF

[ PO

Â…

- $SSOH 0HORQ

%ULWYLF

[ PO

Â…

- $SSOH 5DVSEHUU\

%ULWYLF

[ PO

Â…

- 2UDQJH 3DVVLRQIUXLW

%ULWYLF

[ PO

Â…

6QDFNV 'ULQNV

.3

6RIW 'ULQNV &RUGLDOV

$ UDQJH RI VRIW GULQNV LV DYDLODEOH

3DFN 3ULFH

'U\ 5RDVWHG 3HDQXWV RQ &DUG

6RIW 'ULQNV 0LONVKDNH 0L[HV

.3 'U\ 5RDVWHG 3HDQXWV RQ &DUG [ J Â… .3 6DOWHG 3HDQXWV RQ &DUG [ J Â…

0LQ 3DFN

6QDFNV 'ULQNV

1XWV 6QDFNV . 3 2WKHUV


6QDFNV 'ULQNV

0LQ 3DFN

3DFN 3ULFH

[ PO

Â…

/XFR]DGH (QHUJ\ 2UDQJH

[ PO

Â…

/XFR]DGH (QHUJ\ 2ULJLQDO

[ PO

Â…

/XFR]DGH 6SRUW 2UDQJH ZLWK 6SRUWV &DS

[ PO

Â…

2DVLV &LWUXV 3XQFK 2UDQJH -XLFH 'ULQN

[ PO

Â…

6RIW 'ULQNV 3ODVWLF %RWWOHV $TXDMXLFH 6WLOO 2UDQJH

&DO\SVR

5LEHQD 5HDOO\ /LJKW 1$6

[ PO

Â…

6SDUNOLQJ $SSOH %ODFNFXUUDQW

+DGULDQ &OHDU

[ PO

Â…

6SDUNOLQJ &UDQEHUU\ 5DVSEHUU\

+DGULDQ &OHDU

[ PO

Â…

6SDUNOLQJ 3HDFK

+DGULDQ &OHDU

[ PO

Â…

6SDUNOLQJ 6WUDZEHUU\ .LZL

+DGULDQ &OHDU

[ PO

Â…

6WLOO /HPRQ /LPH ZLWK 6SRUWV &DS

+DGULDQ &OHDU

[ PO

Â…

6WLOO 2UDQJH 0DQGDULQ ZLWK 6SRUWV &DS

+DGULDQ &OHDU

[ PO

Â…

6WLOO 3LQHDSSOH 3DVVLRQ ZLWK 6SRUWV &DS +DGULDQ &OHDU

[ PO

Â…

0LQ 3DFN

3DFN 3ULFH

&RFD &ROD &DQV

[ PO

Â…

'LHW &RFD &ROD &DQV

[ PO

Â…

'U 3HSSHU &DQV

[ PO

Â…

)DQWD 2UDQJH &DQV

[ PO

Â…

/LOW 3LQHDSSOH *UDSHIUXLW &DQV

[ PO

Â…

/LOW 3LQHDSSOH *UDSHIUXLW &DQV

[ PO

Â…

3HSVL &DQV

[ PO

Â…

3HSVL 'LHW &DQV

[ PO

Â…

6HYHQ 8S &DQV

[ PO

Â…

6SULWH &DQV

[ PO

Â…

7DQJR $SSOH &DQV

[ PO

Â…

7DQJR &KHUU\ &DQV

[ PO

Â…

7DQJR 2UDQJH &DQV

[ PO

Â…

7DQJR 2UDQJH 1R $GGHG 6XJDU &DQV

[ PO

Â…

0LQ 3DFN

3DFN 3ULFH

$SSOH %ODFNFXUUDQW 'ULQN 3ODVWLF %RWWOH )UXLW -HW

[ PO

Â…

%DQDQD 0LONVKDNH 3ODVWLF %RWWOH

[ PO

Â…

%ODFNFXUUDQW $SSOH 'ULQN / 6 3ODVWLF %RWWOH )UXLW 6KRRW

[ PO

Â…

%ODFNFXUUDQW 'ULQN (OOLH (OHSKDQW 3ODVWLF %RWWOH :LOG :DWHUV

[ PO

Â…

&KRFRODWH 0LONVKDNH &DUWRQ ZLWK 6WUDZ

9LYD

[ PO

Â…

&KRFRODWH 0LONVKDNH 3ODVWLF %RWWOH

%UHDNWLPH

6RIW 'ULQNV &DQV

6RIW 'ULQNV &KLOGUHQV %UHDNWLPH

[ PO

Â…

2UDQJH 'ULQN )XQN\ 0RQNH\ 3ODVWLF %RWWOH :LOG :DWHUV

[ PO

Â…

2UDQJH -XLFH 'ULQN / 6 3ODVWLF %RWWOH

[ PO

Â…

)UXLW 6KRRW

2UDQJH 0DQJR %DQDQD -XLFH 6PRRWKLH &DO\SVR

6QDFNV 'ULQNV

[ PO

Â…

3XUH $SSOH -XLFH &DUWRQV

&DO\SVR )DLUWUDGH [ PO

Â…

3XUH 2UDQJH -XLFH &DUWRQV

&DO\SVR )DLUWUDGH [ PO

Â…

3XUH 7URSLFDO -XLFH &DUWRQV

&DO\SVR )DLUWUDGH [ PO

Â…

5LEHQD $SSOH &DUWRQV

[ PO

Â…

5LEHQD %ODFNFXUUDQW &DUWRQV

[ PO

Â…

5LEHQD 5HDOO\ /LJKW %ODFNFXUUDQW &DUWRQV

[ PO

Â…

6WUDZEHUU\ %DQDQD -XLFH 6PRRWKLH

&DO\SVR

[ PO

Â…

6WUDZEHUU\ 'ULQN +DSS\ +LSSR 3ODVWLF %RWWOH

:LOG :DWHUV

[ PO

Â…

6WUDZEHUU\ 'ULQN 3ODVWLF %RWWOH

)UXLW -HW

[ PO

Â…

6WUDZEHUU\ 0LONVKDNH &DUWRQ ZLWK 6WUDZ

9LYD

[ PO

Â…

6WUDZEHUU\ 0LONVKDNH 3ODVWLF %RWWOH

%UHDNWLPH

[ PO

Â…

6XPPHU %HUULHV 7HWUD 3DFN ZLWK 6WUDZ

&DSUL 6XQ

[ PO

Â…

6XPPHU )UXLWV / 6 3ODVWLF %RWWOH

)UXLW 6KRRW

[ PO

Â…

/XFR]DGH (QHUJ\ 2ULJLQDO [ PO Â…

6HH OHIW IRU RXU UDQJH RI 6RIW 'ULQNV LQ &DQV

%ODFNFXUUDQW 'ULQN (OOLH (OHSKDQW [ PO Â… 2UDQJH 'ULQN )XQN\ 0RQNH\ [ PO Â… 6WUDZEHUU\ 'ULQN +DSS\ +LSSR [ PO Â…


$ VHOHFWLRQ RI DQG SO\ QDSNLQV LQ WZR VL]HV DQG D ZLGH UDQJH RI FRORXUV

Â…

1DSNLQV %RUGHDX[ SO\ FP

'XQL

Â…

1DSNLQV %XWWHUPLON SO\ FP

'XQL

Â…

1DSNLQV %XWWHUPLON SO\ FP

'XQL

Â…

1DSNLQV 'DUN %OXH SO\ FP

'XQL

Â…

1DSNLQV 'DUN %OXH SO\ FP

'XQL

Â…

1DSNLQV 'DUN *UHHQ SO\ FP

'XQL

Â…

1DSNLQV 'DUN *UHHQ SO\ FP

'XQL

Â…

1DSNLQV 5HG SO\ FP

'XQL

Â…

1DSNLQV 5HG SO\ FP

'XQL

Â…

1DSNLQV :KLWH SO\ FP

'XQL

Â…

1DSNLQV :KLWH SO\ FP

'XQL

Â…

1DSNLQV :KLWH SO\ FP

Â…

'R\OHV

0LQ 3DFN

3DFN 3ULFH

'R\OHV FP

'XQL

Â…

'R\OHV FP

'XQL

Â…

'R\OHV FP

'XQL

Â…

'R\OHV FP

'XQL

Â…

'R\OHV FP

'XQL

Â…

0LQ 3DFN

3DFN 3ULFH

1RQ )RRG

'XQL

$OXPLQLXP )RLO ´

:UDSH[

[ P

Â…

$OXPLQLXP )RLO ´

:UDSH[

[ P

Â…

[ P

Â…

$OXPLQLXP )RLO ´ 5H¿OO

:UDSPDVWHU 0DFKLQH [5ROOV

Â…

%DNLQJ 3DUFKPHQW 3DSHU &XWWHUER[ ´

&DWHUZUDS

Â…

&OLQJ )LOP ´ 5H¿OO

:UDSPDVWHU 0DFKLQH [5ROOV

Â…

&OLQJ )LOP ´ 5H¿OO

:UDSPDVWHU 0DFKLQH [5ROOV

Â…

&OLQJ )LOP &XWWHU %R[ ´

:UDSH[

[ P

Â…

&OLQJ )LOP &XWWHU %R[ ´

:UDSH[

[

Â…

5HHP

Â…

0LQ 3DFN

3DFN 3ULFH

[

Â…

$OXPLQLXP )RLO ´ +HDY\ 'XW\ &XWWHU %R[ 3URZUDS

*UHDVHSURRI 3XUH 3DSHU 5HHP ´[ ´ 6KHHWV

'LVSRVDEOHV 7DEOHZDUH 3DSHU 3ODWHV ´

FP[ P

3ODVWLF .QLYHV

'XQL

Â…

3ODVWLF 7HD &RIIHH 6SRRQV

'XQL

Â…

:KLWH 3DSHU %DQTXHW 5HHO P

'XQL

PHWUH

Â…

[ FP

Â…

0LQ 3DFN

3DFN 3ULFH

:KLWH 7DEOH 6OLS &RYHUV FP [ FP

'LVSRVDEOHV 3DFNDJLQJ )RLO 7UD\V /LGV ´[ ´[ ´ 'HHS

Â…

0LQ 3DFN

3DFN 3ULFH

Â…

:KLWH 3ODVWLF &XSV R]

Â…

'LVSRVDEOHV 2WKHUV

0LQ 3DFN

3DFN 3ULFH

%ODFN %DU &RFNWDLO 6WLUUHUV

Â…

&RFNWDLO 6WLFNV

Â…

)RRG 2UGHU /DUJH :DLWUHVV 'XSOLFDWH 3DG ()

Â…

)RRG 2UGHU 6PDOO :DLWUHVV 'XSOLFDWH 3DG ()

Â…

'LVSRVDEOHV &XSV ,QVXODWHG &XSV R]

6HH OHIW IRU RXU UDQJH RI FRQYHQLHQW GLVSRVDEOH WDEOHZDUH

3DFN 3ULFH

1DSNLQV %RUGHDX[ SO\ FP

&OLQJ )LOP )RLO

&OLQJ )LOP 5H¿OO [ UROOV Â… &OLQJ )LOP 5H¿OO [ UROOV Â…

0LQ 3DFN

6ROR

OLVWLQJ FRQWLQXHG

1RQ )RRG

1DSNLQV


1RQ )RRG

'LVSRVDEOHV 2WKHUV &RQWLQXHG

0LQ 3DFN

3DFN 3ULFH

0F'RXJDOOV 0XI¿Q 3DSHU &DVHV

Â…

6WUDZV &RORXUHG %HQG\

Â…

:KLWH %XQ &DVHV

Â…

:RRGHQ %XIIHW 6NHZHUV ´

Â…

:RRGHQ .HEDE 6NHZHUV ´

Â…

%LQ /LQHUV )UHH]HU %DJV

0LQ 3DFN

3DFN 3ULFH

)UHH]HU %DJV ´[ ´

Â…

)UHH]HU %DJV ´[ ´

Â…

+HDY\ 'XW\ %ODFN %DJV ´[ ´

Â…

:KLWH 3HGDO %LQ /LQHUV

Â…

&OHDQLQJ 0DWHULDOV

0LQ 3DFN

3DFN 3ULFH

%OXH $OO 3XUSRVH &OHDQLQJ &ORWKV

5DPRQ

Â…

*DOYDQLVHG 6WHHO 6FRXUHUV

5DPRQ

Â…

.LWFKHQ 7RZHOV SO\

7DOHQW

[ 5ROOV

Â…

Â…

/DUJH 3RZGHUHG %OXH 9LQ\O *ORYHV /DUJH 5XEEHU *ORYHV

3DLUV

Â…

0HGLXP 3RZGHUHG %OXH 9LQ\O *ORYHV

Â…

0HGLXP 3RZGHUHG /DWH[ *ORYHV

Â…

3UHPLXP *UHHQ 6FRXULQJ 3DGV

5DPRQ

Â…

3UREH :LSHV

3UHPLHUH

Â…

6SRQJH 6FRXUHUV [ FP

5DPRQ

Â…

7HD 7RZHOV

5DPRQ

Â…

[

Â…

Â…

0LQ 3DFN

3DFN 3ULFH

:RRO 0RS +HDG 6RFNHW <HOORZ 'XVWHUV

5DPRQ

&OHDQLQJ 6ROXWLRQV

1RQ )RRG

$OO 3XUSRVH &OHDQHU

&LI 2[\ *HO

OW

Â…

$OO 3XUSRVH &OHDQHU /HPRQ

'LVSHO

OW

Â…

$OO 3XUSRVH /LTXLG &OHDQHU /HPRQ

)ODVK

OW

Â…

%DFWHULFLGHO *HQHUDO 7ULJJHU 6SUD\ &OHDQHU

*:3

[ PO

Â…

%OHDFK

'RPHVWRV 2ULJLQDO

OW

Â…

&OHDQHU 'HJUHDVHU

%ULOOR

OW

Â…

'LVLQIHFWDQW

'LVSHO 3URIHVVLRQDO

OW

Â…

)ORRU &OHDQHU

0U 0XVFOH

OW

Â…

+DUGVXUIDFH &OHDQHU

*:3

[ OW

Â…

+DUGVXUIDFH &OHDQHU 6DQLWL]HU

*:3

OWU

Â…

0XOWL 3XUSRVH 7ULJJHU 6SUD\ &OHDQHU

'HWWRO

[ PO

Â…

3URIHVVLRQDO 7RLOHW &OHDQHU

'RPHVWRV

OW

Â…

7KLFN %OHDFK

'LVSHO

OW

Â…

7RLOHW &OHDQHU

'XFN )UHVK

[ PO

Â…

:LQGRZ *ODVV 7ULJJHU 6SUD\ &OHDQHU

0U 0XVFOH

[ PO

Â…

0LQ 3DFN

3DFN 3ULFH

:DVKLQJ 8S /LTXLG &RQFHQWUDWHG :DVKLQJ 8S /LTXLG

'LVSHO

OW

Â…

:DVKLQJ 8S /LTXLG

)DLU\ 2ULJLQDO

OW

Â…

:DVKLQJ 8S /LTXLG

+HGHURO

OW

Â…

0LQ 3DFN

3DFN 3ULFH

'LVKZDVK 6ROXWLRQV $XWR 'LVKZDVK 7DEOHWV

6XQ

Â…

'LVKZDVK 6DOW

7KH 6DOW &RPSDQ\

NJ

Â…

OLVWLQJ FRQWLQXHG

&RORXUHG %HQG\ 6WUDZV V Â…

/DUJH 3RZGHUHG %OXH 9LQ\O *ORYHV V Â…

0U 0XVFOH )ORRU &OHDQHU OWU Â…


+RW 2YHQ &OHDQHU

*:3

[ OW

Â…

/LTXLG 'HWHUJHQW 'LVKZDVK

6XQ

OW

Â…

3UHPLXP 'LVKZDVK 0DFKLQH 'HWHUJHQW

*:3

OW

Â…

5LQVH $LG 0DFKLQH 'LVKZDVK

*:3

[ OW

Â…

0LQ 3DFN

3DFN 3ULFH

:DVKLQJ /DXQGU\

&RPIRUW 3URIHVVLRQDO OWU Â…

3DFN 3ULFH

3URIHVVLRQDO 3XUH )DEULF 6RIWHQHU

&RPIRUW

:DVKLQJ 3RZGHU

$ULHO $XWR

:DVKLQJ 3RZGHU

OW

Â…

NJ

Â…

'LVSHO 1RQ %LR

NJ

Â…

:DVKLQJ 3RZGHU :DVK

%ROG %LR

NJ

Â…

:DVKLQJ 3RZGHU :DVK

3HUVLO %LR

NJ

Â…

:DVKLQJ 3RZGHU :DVK

3HUVLO 1RQ %LR

NJ

Â…

:DVKLQJ 3RZGHU (FRQRP\

'LVSHO

NJ

Â…

0LQ 3DFN

3DFN 3ULFH

%OXH &HQWUH 3XOO 7RZHO SO\

5ROOV

Â…

*UHHQ &HQWUH )ROG +DQG 7RZHOV SO\

[ SN

Â…

0LQL -XPER 7RLOHW 5ROOV SO\ ´ &RUH

5ROOV

Â…

7RLOHW 5ROOV :KLWH

[ 5ROO

Â…

[ 5ROO

Â…

:DVKURRP 3DSHU

7RLOHW 5ROOV :KLWH

&KDUPLQ

:KLWH &HQWUH )ROG +DQG 7RZHO SO\ :KLWH &HQWUH 3XOO 7RZHO SO\

7RLOHWULHV $QWL EDFWHULDO +DQG :DVK 6RDS

$VWRQLVK

%LRFLGDO +DQGVRDS

*:3

Â…

5ROOV

Â…

0LQ 3DFN

3DFN 3ULFH

[ PO

Â…

OW

Â…

1RQ )RRG

0LQ 3DFN

'LVKZDVK 6ROXWLRQV &RQWLQXHG

1RQ )RRG

3HUVLO 1RQ %LR NJ Â…
























































7KH

5DQJH

,YRU\ /HGRX[ /WG KDYH EHHQ WUDGLQJ IRU \HDUV DQG WKHLU )RQWLQHOOD EUDQG LV ZHOO UHFRJQL]HG LQ WKH PDUNHW SODFH ,W RIIHUV H[FHOOHQW YDOXH ZLWK JUHDW TXDOLW\ 3OHDVH VSHDN ZLWK \RXU ORFDO VXSSOLHU DERXW WKH IXOO UDQJH RI )RQWLQHOOD ODEHOOHG SURGXFWV·

&DOO ,YRU\ DQG /HGRX[ /WG IRU \RXU QHDUHVW GLVWULEXWRU 3KRQH )D[ (PDLO DGPLQ#LYRU\ OHGRX[ FR XN :(% ZZZ LYRU\ OHGRX[ FR XN




%UL 7RQ )LQH )RRGV

+HDG 2IILFH DQG 'HSRW DW 1HZFDVWOH XQGHU /\PH 7HOHSKRQH

%UL 7RQ )LQH )RRGV

0HWULF ,PSHULDO &RQYHUVLRQ &KDUW Lbs / oz

‘ Kg /gm

X 28 gm 1ž oz W 50 gm 2 oz X 56 gm 3 oz W 85 gm 3½ oz W100 gm 4 oz X 113 gm 5 oz W142 gm 5Ÿ oz W150 gm 6 oz X 170 gm 7 oz W198 gm 7Ÿ oz W200 gm 8 oz X 227 gm 8ž oz W250 gm 9 oz W255 gm 10 oz X 283 gm 10ž oz W300 gm 11 oz W312 gm 12 oz X 340 gm 12½ oz W350 gm 13 oz W369 gm 14 oz X 397gm 14Ÿ oz W400 gm 15 oz X 425 gm 15ž oz W450 gm 1 lb X 454 gm 1 lb 1 oz W500 gm 1 lb 3 oz W550 gm 1 lb 5 oz W600 gm 1 lb 7 oz W650 gm 1 lb 8 oz X 680 gm 1 lb 10½ W750 gm 1 lb 12 oz W800 gm 1 lb 14 oz W850 gm 2 lb X 908 gm 2 lb 1½ W950 gm 2 lb 3Ÿ W 1 Kg 2 lb 8 oz X 1.12 Kg 2 lb 12oz W1.25 Kg 3 lb X 1.36 Kg 3 lb 5 oz W 1.5 Kg 3 lb 8 oz X 1.59 Kg 3 lb 14oz W1.75 Kg 4 lb X 1.80 Kg 4 lb 6 oz W 2 Kg 4 lb 8 oz X 2.04 Kg 4 lb 15oz W2.25 Kg 5 lb X 2.26 Kg 5 lb 8 oz W 2.5 Kg 1 oz

7R KHOS XV VHUYH \RX EHWWHU $QVZHUSKRQH Orders can be placed on our Answerphone up to 10.00 pm for next day delivery on our scheduled delivery routes. Please give your name and Post Code (or telephone number) when placing your orders as we have many customers with similar names. Please don’t use a noisy bar-phone or a cordless phone with a poor signal - we can only deliver the items we can hear.

3D\PHQW All our goods are supplied cash on delivery unless cheque payment or a credit account has been arranged. Monthly accounts are due for payment by the 14th of the month following delivery and all supplies will revert to Cash on Delivery if an account remains unpaid after this due date.

'HOLYHULHV All goods should be checked at the time of delivery and no credits for damage or shortages will be allowed unless signed for at the time of delivery. Bri-Ton Fine Foods will not accept responsibility for any damage caused by our vehicles to any over-hanging, protruding or low slung equipment or other items on our customer’s premises unless our driver has ignored a clear warning sign. We will add a suitable warning to our delivery notes to alert our drivers if requested but in this event our customers must obtain written confirmation on our headed letter paper that we take responsibility for warning our drivers of any such hazard. We will not accept verbal instructions in this situation.

'DWH /LIH Most food products carry a ‘Best Before’ date statement, which can vary from just a few days to several years, depending on the product. Our customers must check at the time of delivery that the date life of any product is suitable for their needs. We regret that we are unable to accept the return of any short-dated products from any previous delivery.

6PDOO 2UGHUV Our minimum order value for free delivery is ÂŁ50 and a delivery charge of ÂŁ5 will be levied on any lower value order. We regret that we cannot accept orders below ÂŁ35 in value.

3ULFHV The prices in this list are correct at the time of printing but may alter at any time. The effective price is that ruling at the time of delivery and will be printed on the delivery note.

6SHFLDO 3URGXFWV We are happy to take enquiries for any product not featured in this list or to hold unusual quantities and seasonal items for special functions.

$YDLODELOLW\ We take a particular pride in fulfilling all orders placed with us but circumstances outside our control can sometimes cause shortages. However, we will normally be able to offer a suitable alternative.

3UREOHPV Despite our best efforts things sometimes go wrong. If they do just give us a ring and we promise to do whatever we can to put things right. (And you’ll always be answered by a real person!)

$QG IRU WKH UHFRUG To ensure accuracy and assist training we record telephone calls.

6 lb

X

2.7 Kg


2XU QXPEHU LV DOO \RX¶OO HYHU QHHG 1R 5RERWV RU RQ KROG MXVW IULHQGO\ SHRSOH

Established 1971

4ERVING 1ROFESSIONAL CATERERS FOR OVER YEARS


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