Skip to main content

Edición impresa Revista Judicial del 6 de junio de 2011

Page 1

Ä

Ĺ?

(1#!3.1 ēŊ Ŋ Ŋ }

ĖŊ ēŊ ^Ŋ } Ŋ }

8H;L; H;I;y7 >?IJâH?97 IE8H; ;B 9EDJH7JE :; 7HH;D:7C?;DJE 9ece Z_Y[ ;k][d[ F[j_j Ă&#x2020;Bei hecWdei Z_ij_d]kÂ&#x2021;Wd Zei YbWi[i Z[ Whh[dZWc_[djei0 W$# ;b Whh[d# ZWc_[dje Z[ YeiWi" [i bW Wfb_YW# Y_Â&#x152;d c|i _cfehjWdj[ Z[ [ij[ Yed# jhWje" W fhefÂ&#x152;i_je Z[ bW YkWb lWcei W [nfed[h bWi h[]bWi ][d[hWb[i1 o" X$# ;b Whh[dZWc_[dje Z[ i[hl_Y_ei" YkoWi fWhj_YkbWh_ZWZ[i dei b_c_# jWh[cei W i[Â&#x2039;WbWh$ ;d \_d" [d [b 8W`e ?cf[h_e [b Whh_[dZe Z[ YeiWi jecÂ&#x152; [d Y_[hjei YWiei kd YWh|Yj[h [if[Y_Wb o i[ Yedl_hj_Â&#x152; [d kd Yed# jhWje gk[ j[dÂ&#x2021;W iki h[]bWi fhef_Wi0 [b YedjhWje Z[ [k\_j[i_iĂ&#x2021;$ ;b YedjhWje Z[ Whh[dZWc_[dje de [i cko Wdj_]ke o iebe WfWh[Y[ [d [b i_]be ?? 7$9$ [d be h[\[h[d# j[ Wb Whh[dZWc_[dje Z[ j_[hhWi o YWiWi$ :;<?D?9?âD :; 9EDJH7JE :; 7HH;D:7C?;DJE ;d [b :[h[Y^e HecWde i[ bbW# cWXW BE97J?E 9ED:K9J?E Wb YedjhWje Z[ Whh[dZWc_[dje" feh [b YkWb kdW f[hiedW Z[de# c_dWZW BE97JEH i[ eXb_]WXW W Y[Z[h j[cfehWbc[dj[ W ejhW 9ED:K9JEH" [b Z_i\hkj[ Z[ kdW YeiW YehfehWb e _dYehfehWb" ck[# Xb[ e _dck[Xb[" W YWcX_e Z[ kdW h[jh_XkY_Â&#x152;d gk[ [b c_ice Z[h[Y^e bbWcWXW C;H9;I$ ;b 7hj$ '.+, Z[b 9Â&#x152;Z_]e 9_l_b Z[\_d[ Wb YedjhWje Z[ Whh[dZW# c_[dje" Z[ bW i_]k_[dj[ cWd[hW Ă&#x2020;7hh[dZWc_[dje [i kd YedjhWje [d gk[ bWi Zei fWhj[i i[ eXb_]Wd h[YÂ&#x2021;# fheYWc[dj[" bW kdW W YedY[Z[h [b ]eY[ Z[ kdW YeiW" e W [`[YkjWh kdW eXhW e fh[ijWh kd i[hl_Y_e o bW ejhW W fW]Wh feh [ij[ ]eY[" eXhW e i[hl_# Y_e kd fh[Y_e Z[j[hc_dWZe" iWble be gk[ Z_ifed[d bWi b[o[i Z[b jhW# XW`e o ejhWi b[o[i [if[Y_Wb[iĂ&#x2021;$ 9edYehZWdY_Wi0 *" -*&" '*+*" '*++" '*+, 9$9$ :[ [ij[ ceZe [b YedjhWje Z[ Whh[dZWc_[dje" [i kd WYje Z[ lebkdjWZ" feh [b YkWb kdW f[hiedW i[ eXb_]W W fhefehY_edWh W ejhW [b ]eY[ feh kd j_[cfe Z[ kdW YeiW c[Z_Wdj[ kd fh[Y_e gk[ i[ Z[de#

"(3.1 ĹŠ ÂĄ ĹŠ

Ĺ?Ä&#x2021;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä

Ĺ? +. Ĺ? Ä&#x152;Ĺ? Ĺ? +Ä?Ĺ?Ä&#x160;Ä&#x2021;Ä&#x201A;Ä&#x192;

ĹŠ ĹŠ ÂĄ ĹŠ ĹŠ ĹŠ ĹŠ ĹŠĹŠĹŠĹŠ'33/ľľ666Ä&#x201C;"#1#!'.#!4 ".1Ä&#x201C;!., (1#!!(¢-Ä&#x2013;ĹŠ 1#- 2ĹŠ8ĹŠÄ&#x2C6;Ä&#x2021;ĹŠ"#ĹŠ %.23.Ä&#x201D;ĹŠ "($Ä&#x201C;ĹŠ (5 -!.Ä&#x201D;ĹŠÄ&#x17D;3.Ä&#x201C;ĹŠ/(2.ŊġŊ #+_$.-.2Ä&#x2013;ĹŠÄ&#x2030;Ä&#x17D;Ä&#x17D;Ä&#x2C6;ÄąÄ&#x17D;Ä&#x17D;Ä&#x2030;ÄľÄ&#x2030;Ä&#x17D;Ä&#x17D;Ä&#x17D;ÄąÄ&#x152;Ä&#x160;Ä&#x2C6;ÄľÄ&#x2030;Ä&#x17D;Ä&#x2021;Ä&#x2021;ÄąÄ&#x2030;Ä&#x152;Ä&#x17D;ÄľÄ&#x2030;Ä&#x17D;Ä&#x17D;Ä&#x2030;ÄąÄ&#x2C6;Ä&#x160;Ä&#x17D;ŊŊġŊ Äą, (+Ä&#x2013; ĹŠ)4"(!( +Äž"#1#!'.#!4 ".1Ä&#x201C;!.,ĹŠ

+ĹŠ!.-31 3.ĹŠ"#ĹŠ 11#-" ,(#-3.ĹŠ#-ĹŠ #+ĹŠ2#!3.1ĹŠ41 -.

c_dW Wbgk_b[h$ D7JKH7B;P7 @KHĂ&#x17E;:?97 :;B 9EDJH7JE :; 7HH;D:7C?;DJE I[ Z_iYkj[ [d ZeYjh_dW i_ [i F;HIED7B e H;7B$ ;i F;HIED7B Z_Y[d lWh_ei Wkjeh[i fehgk[ [n_ij[ eXb_]WY_Â&#x152;d Z[b Whh[dZWZeh Z[ cWdj[d[h Wb Whh[dZWjWh_e [d [b ]eY[ o kie fWYÂ&#x2021;# \_Ye Z[ bW YeiW Whh[dZWZW$ Jhefbed] ieij_[d[ gk[ [i Z[ Z[h[Y^e H;7B" fehgk[ \kd# ZWc[djWbc[dj[ [b YedjhWje Z[ Whh[dZWc_[dje ikXi_ij[ Yece YkWdZe i[ l[dZ[ bW fhe# f_[ZWZ" f[he [ije iÂ&#x152;be i[hÂ&#x2021;W [d dk[ijhe YWie YkWdZe ^Wo YedjhWje Z[

Whh[dZWc_[dje feh [iYh_jk# hW Z[X_ZWc[dj[ _diYh_jW [d [b H[]_ijhe Z[ bW Fhef_[ZWZ$ 9ECE FHE87H B7 ;N?IJ;D9?7 :; KD 9EDJH7JE :; 7HH;D:7C?;DJE De i_[dZe ieb[cd[ [b YedjhW# je Z[ Whh[dZWc_[dje" ik fhk[XW fk[Z[ WZkY_hi[ c[Z_Wdj[ YkWb# gk_[hW Z[ bWi \ehcWi b[]Wb[i" i_[dZe bW Yed\[i_Â&#x152;d bW c[`eh" i_d [nYbk_h bW j[ij_ced_Wb Yed bW Yeh# jWf_iW gk[ jhW[ [b 9Â&#x152;Z_]e 9_l_b Wb i[Â&#x2039;WbWh gk[ [ijW fhk[XW de lWb[ [d WYjei e YedjhWjei ikf[h_eh[i W bei Zei c_b ikYh[i1 f[he Yece gk[ZW cWd_\[ijW# Ze [d [ij[ jhWXW`e" YkWd# Ze [b YWded c[dikWb Z[ Whh[dZWc_[dje

i[W ikf[h_eh W bei Z_[p c_b ikYh[i" [b YedjhWje Z[ Whh[dZWc_[dje Z[X[h| i[h d[Y[iWh_Wc[dj[ feh [iYh_je" eXl_Wc[dj[ gk[ ^eo [d [b fWÂ&#x2021;i oW de h_][ [b ikYh[" i_de [b ZÂ&#x152;bWh Z[ bei ;ijWZei Kd_Zei Z[ Dehj[WcÂ&#x192;h_YW" feh be gk[ h[ikbjW eXieb[jW [ijW Z_ifei_Y_Â&#x152;d$ H;GK?I?JEI :;B 9EDJH7JE :; 7HH;D:7C?;DJE 9ece dei ^Wd [di[Â&#x2039;WZe dk[i# jhei cW[ijhei" fWhW gk[ kd Yed# jhWje i[W l|b_Ze [i fh[Y_ie gk[ i[ YkcfbWd JH;I H;GK?I?JEI0 9EDI;DJ?C?;DJE" E8@;JE O 97KI7$ ;d [b Whh[dZWc_[dje khXWde" [b E8@;JE :;B 9EDJH7JE [i [b ]eY[ o kie Z[ _dck[Xb[ W`[de" feh kd fh[Y_e Z[j[hc_dWZe o j_[cfe Y_[hje$ ;b _dck[Xb[ Z[X[ i[h Z[j[hc_dWZe$ BW 97KI7" fWhW YWZW fWhj[ [i bW fh[ijWY_Â&#x152;d e fhec[iW Z[ kdW YeiW e i[hl_Y_e feh bW ejhW fWhj[$# ;b Whh[dZWZeh f[hY_X_h [b YWded$ ;b Whh[dZWjWh_e Z_i# \hkjWh Z[b _dck[Xb[$ H[if[Yje W bW 97F79?:7: :; BEI 9EDJH7J7DJ;I" [b 9Â&#x152;Z_]e 9_l_b i[Â&#x2039;WbW gk[ [b Yedi[d# j_c_[dje de Z[X[ [ijWh l_Y_WZe$ 9ece Yedi[`ei fh|Yj_Yei" [i Yedl[d_[dj[ i[Â&#x2039;WbWh gk[ [b Whh[d# ZWZeh o [b Whh[dZWjWh_e Wdj[i Z[ \_hcWh [b YedjhWje Z[ Whh[dZW# c_[dje o fWhW [ijWh i[]khe Z[ bW b[]_j_c_ZWZ Z[b c_ice [i fh[Y_ie gk[ i[ [nWc_d[ [ijW YWfW# Y_ZWZ$ I_ [b _dck[Xb[ [ij| ik`[je W kik\hkYje" [b

YedjhWje Z[ Whh[dZWc_[dje Z[X[ i[h Wkjeh_pWZe feh [b kik\hkYjkW# h_e$ ;i Yedl[d_[dj[ ^WY[h YedijWh [d [b YedjhWje [b [ijWZe Z[b _dck[# Xb[" oW gk[ [b Whh[dZWjWh_e j_[d[ bW eXb_]WY_Â&#x152;d Z[ Z[lebl[hbW [d bW i_jkWY_Â&#x152;d gk[ bW h[Y_X_Â&#x152;" iWble [b kie Yehh_[dj[$ H[YWbYe" fh[l_Wc[dj[ W bW ikXi# Yh_fY_Â&#x152;d Z[b YedjhWje Z[ Whh[dZW# c_[dje" Z[X[ ^WX[hi[ YecfheXW# Ze bW YWb_ZWZ Z[ gk_[d YecfWh[# Y[ Yece fWhj[ Whh[dZWZehW Z[b _dck[Xb[1 Z[ jWb cWd[hW gk[ Â&#x192;ijW Wb cec[dje Z[ Y[b[XhWh [b YedjhW# je Z[ Whh[dZWc_[dje Z[XW fh[i[d# jWh [b ZeYkc[dje i[Â&#x2039;WbWZe feh [b 7hj$ '( Z[ bW B[o Z[ ?dgk_b_dWje" [ije [i bW _diYh_fY_Â&#x152;d [d bW E\_Y_dW Z[ H[]_ijhe Z[ 7hh[dZWc_[djei1 o" [b Y[hj_\_YWZe Z[ \_`WY_Â&#x152;d Z[ bWi f[di_ed[i" f[he ^Wo kdW [nY[f# Y_Â&#x152;d [d h[bWY_Â&#x152;d Wb ;ijWZe YkWdZe [ij[ [i Whh[dZWZeh" gk_[d de j_[d[ [ijW eXb_]WY_Â&#x152;d b[]Wb$ 97HĂ&#x203A;H9J;H;I :;B 9EDJH7JE :; 7HH;D:7C?;DJE KH87DE FeZ[cei [d iÂ&#x2021;dj[i_i i[Â&#x2039;WbWh bei i_]k_[dj[i0 W$ 8?B7J;H7B$# fehgk[ bWi fWhj[i YedjhWjWdj[i i[ eXb_# ]Wd h[YÂ&#x2021;fheYWc[dj[" [ije [i Yh[W eXb_]WY_ed[i h[YÂ&#x2021;fheYWi W YWh]e Z[ WcXWi fWhj[i$ X$ ED;HEIE$# fehgk[ [ij[ Yed# jhWje j_[d[ feh eX`[je bW kj_b_ZWZ Z[ WcXei YedjhWjWdj[i" ]hW# l|dZei[ YWZW kde W X[d[\_Y_e Z[b ejhe o [ije [i eXl_e" fehgk[ bW c_icW Z[\_d_Y_Â&#x152;d [ijWXb[Y[ bW eXb_]WY_Â&#x152;d Z[ fW]Wh feh [ij[ ]eY[ kd fh[Y_e Z[j[hc_dWZe$ ;n_ij[ fk[i" YedjhWfh[ijWY_e# d[i [djh[ bWi fWhj[i" [ije [i j_[d[ feh eX`[je bW kj_b_ZWZ Z[ WcXei YedjhWjWdj[i$ Y$ :; ;@;9K9?âD IK9;I?L7$# fehgk[ [b Ykcfb_c_[dje Z[b YedjhWje ikfed[ bW [`[YkY_Â&#x152;d Z[ fh[ijWY_ed[i ikY[i_lWi ZkhWdj[ kd j_[cfe c|i e c[dei bWh]e1 fk[i YWZW fWhj[ Z[X[ [`[YkjWh kdW i[h_[ Z[ eXb_# ]WY_ed[i ZkhWdj[ [b j_[cfe gk[ ZkhW [b c_ice$ :[ be Z_Y^e i[ Yeb_][ gk[ [i Z[ jhWYje ikY[i_le" fehgk[ lW Ykcfb_[dZe W jhWlÂ&#x192;i Z[ Y_[hje :FEK@EL8 <E C8 GĂ?>@E8 $ :)

Ĺ? Ĺ?

Ĺ?


Ĺ? Ĺ?

Ĺ?

Ä&#x201A;

Ĺ? Ä&#x2021;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä

Ĺ? +. Ĺ? Ä&#x152;Ĺ?

j_[cfe o de fk[Z[ i[h Z[ [`[# YkY_Â&#x152;d _dijWdj|d[W" jWcX_Â&#x192;d i[ Z_Y[ gk[ [i Z[ jhWYje ikY[# i_le" oW gk[ [b Whh[dZWjWh_e lW ^WY_[dZe [djh[]Wi f[h_Â&#x152;Z_YWi Z[ bW h[djW \_`WZW$ Z$ 7:C?D?IJH7J?LE$# fehgk[ de ^Wo jhWZ_Y_Â&#x152;d Z[ Zec_d_e" [ije [i de ^Wo WYje Z_ifei_j_le$ [$ FH?D9?F7B$# fehgk[ ikXi_ij[ feh iÂ&#x2021; c_ice i_d d[Y[i_ZWZ Z[ ejhW Yedl[dY_Â&#x152;d o fehgk[ fhe# ZkY[ eXb_]WY_ed[i fh_dY_fWb[i$ \$ DEC?D7:E E JĂ&#x17E;F?9E$# feh# gk[ bW b[o b[ ZW decXh[ fhef_e" be Z[\_d[" WdWb_pW o h[]bWc[d# jW" [d h[ikc[d i[ ^WbbW h[]_# Ze [d [ij[ YWie feh bW B[o Z[ ?dgk_b_dWje o feh [b 9Â&#x152;Z_]e 9_l_b Yece dehcW ikfb[jeh_W$ ]$ ?D:?L?:K7B$# feh i[h WYk[h#

;@MFI:@FJ I% ;<C <% ALQ>8;F JyGK@DF ;< >8I8EK@8J :@M@C<J P D<I:8EK@C<J ;< C8 GIFM@E:@8 ;< <C FIF JXekX IfjX <OKI8:KF ;< :@K8:@äE 8 cX J\Â&#x152;fiX D8I@8 ;<C :8ID<E :LKL:L8D98 M8C<EQL<C81 j\ c\ _XZ\ jXY\i% Hl\ \e \c Alq^X[f JÂ&#x201E;gk`df [\ cf :`m`c [\ <c Fif# Zfe Xj`\ekf \e cX Z`l[X[ [\ JXekX IfjX# j\ _X gi\j\ekX[f X ki}d`k\ cX [\dXe[X ;`mfiZ`f# \e jl Zfe$ kiX p gfi ZlXekf cX gXik\ XZkfiX [`Z\ hl\ Ă&#x2C6;\ogi\jf Zfe aliXd\ekf hl\ \e cfj XZklXc\j dfd\ekfj d\ \j `dgfj`Yc\ [\k\id`eXi cX `e[`m`[lXc`[X[ f i\j`[\eZ`X [\ cX [\dXe[X[X D8I@8 ;<C :8ID<E :LKL:L8D98 M8C<EQL<C8# gfi cf hl\ XdgXiX[f \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p ((0 [\c :Â?[`^f :`m`c# jfc`Z`kf j\ cf Z`k\ gfi `ek\id\[`f [\ le g\i`Â?[`Zf [\ cX Z`l[X[ [\ DXZ_XcX# gifm`$ [\eZ`X [\ <c Fif p \e cX Z`l[X[ [\ Hl`kf# gifm`eZ`X [\c G`Z_`eZ_XĂ&#x2030;% J\ [`jgfe\ Z`kXi X cX gXik\ [\dXe[X$ [X# j\Â&#x152;fiX D8I@8 ;<C :8ID<E :LKL:L8D98 P M8C<EQL<C8# d\[`Xek\ ki\j glYc`ZXZ`fe\j# \e ]\Z_Xj [`jk`ekXj \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e# hl\ j\ \[`kXe \e cX :`l[X[ [\ DXZ_XcX gifm`[\eZ`X [\ <c Fif p \e cX Z`l[X[ [\ Hl`kf# gifm`eZ`X [\c G`Z_`eZ_X# X ]`e hl\ ZfdgXi\qZX X al`Z`f p j\Â&#x152;Xc\ ZXj`ccX al[`Z`Xc gXiX jlj efk`]`ZXZ`fe\j gfjk\i`fi\j \e \jkX ZXljX# [\ekif [\c kÂ&#x201E;id`ef [\ m\`ek\ [Â&#x2C6;Xj ?89@C<J# ZfekX[fj X gXik`i [\ cX k\iZ\iX p Â&#x2019;ck`dX glYc`ZXZ`Â?e [\c gi\j\ek\ Xm`jf [\ Z`kXZ`Â?e% 8:KFI1 N@CC@8D C<FE<C <EI@HL<Q E8IM8<Q% ;<D8E;8;F1 D8I@8 ;<C :8ID<E : L K L : L 8 D 9 8 M8C<EQL<C8 AL@:@F1 M\iYXc JldXi`f [\ [`mfi$ Z`f Ef% (*)&)'((% :L8EK@81 @e[\k\id`eX[X AL<Q ;< C8 :8LJ81 ;i% N`c]i\[f J% 8e[iX[\ :_`ZX GIFM@;<E:@8 ;@:K8;81 JXekX IfjX# *' [\ dXiqf [\c )'((%$ CXj ((_** Cf hl\ j\ gfe\ \e ZfefZ`d`\ekf [\ cX gXik\ [\dXe[X[X# gXiX cfj ]`e\j [\ C\p% JXekf IfjX# ') [\ dXpf [\ )'((% 8cfejf 8cm\Xi :i`fccf J<:I<K8I@F ;<C ALQ>8;F J<GK@DF ;< CF :@MC ;< <C FIF% <o`jk\ ]`idX p j\ccf% 8%G%&+0((/&b%d% I%<% ALQ>8;F ;y:@DF J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 JI% AFJ< =<C@:@8EF :?8E:8P :?8E:8P

Ĺ?

Ze Z[ lebkdjWZ Z[ bWi fWhj[i YedjhWjWdj[i$ ^$ :; B?8H; :?I9KI?âD$# feh# gk[ bWi fWhj[i fk[Z[d [ij_fkbWh b_Xh[c[dj[ bWi YedZ_Y_ed[i Z[b YedjhWje" Yed bWi b_c_jWY_ed[i fhef_Wi Z[ bW dWjkhWb[pW Z[ bW B[o Z[ ?dgk_b_dWje" Yece b[o ieY_Wb$ _$ F;HIED7B$# fehgk[ bWi fWh# j[i ][d[hWbc[dj[ [d bei YedjhW# jei Z[ Whh[dZWc_[dje khXWde" ik[b[d ZWh Wb c_ice [b YWh|Y# j[h Z[ f[hiedWb" fhe^_X_[dZe [b ikXWhh_[dZe e Y[i_Â&#x152;d Z[ jeZe e fWhj[ Z[b beYWb Whh[dZWZe e ik jhWifWie" be YkWb WZ[c|i i[ [dYk[djhW fhe^_X_Ze feh bW fhef_W B[o Z[ ?dgk_b_dWje$ `$ J;CFEH7B$# fehgk[ WiÂ&#x2021; bei Z_ifed[ [b 7hj$ (. Z[ bW B[o Z[ ?dgk_b_dWje" i_d be YkWb WYWhh[W# hÂ&#x2021;W kdW Z[iYecfei_Y_Â&#x152;d Z[ bW fhef_[ZWZ" [ijW [i kdW Z[ bWi fh_dY_fWb[i YWhWYj[hÂ&#x2021;ij_YWi Z[b YedjhWje Z[ Whh[dZWc_[dje Z[b i[Yjeh khXWde$ a$ 9EDI;DIK7B$# fehgk[ i[

AL@:@F1 M<I98C JLD8I@F ;@MFI:@F EIF% )'0$)'(($ JG 8:KFI8 JI8% C@;@8 E8I:@J8 9F?FIHL<Q D8:@8J ;<D8E;8;F1 JI% AFJ< =<C@:@8EF :?8E:8P :?8E:8P :L8EKĂ 8 @E;<K<ID@E8;8 KIĂ?D@K< M<I98C JLD8I@F @E@:@8;F (- ;< D8IQF ;<C )'(( F9A<KF% ;@JFCL:@äE ;<C MĂ E:LCF D8KI@DFE@8C EI8C% ((# @E:@JF );F% 8IK% ((' ;<C :ä;@>F :@M@C GIFM@;<E:@8 ALQ>8;F ;y:@DF J<>LE;F ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# d`Â&#x201E;iZfc\j (- [\ dXiqf [\c )'((# cXj c'_+0%$ M@JKFJ1 <e d` ZXc`[X[ [\ Al\q K`klcXi [\ cX Al[`ZXkliX# p iXqÂ?e [\ cX efkX [\ jfik\f hl\ Xek\Z\[\# XmfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX% LeX m\q hl\ cX XZkfiX _X [X[f Zldgc`d`\ekf X cf [`jgl\jkf \e gifm`[\eZ`X Xek\i`fi# cX [\dXe[X [\ [`mfiZ`f gi\j\ekX[X gfi cX j\Â&#x152;fiX C@;@8 E8I:@J8 9F?FIHL<Q D8:@8J# \j ZcXiX# gi\Z`jX p Zfdgc\kX# gfi i\le`i cfj i\hl`j`kfj [\ c\p# iXqÂ?e gfi cX ZlXc j\ cX X[d`k\ Xc ki}d`k\ m\iYXc jldXi`f%$ <e cf gi`eZ`gXc# ZÂ&#x2C6;k\j\ Xc [\dXe[X[f j\Â&#x152;fi AFJ< =<C@:@8EF :?8E:8P :?8E:8P# Zfe cX Zfg`X [\ \jk\ Xlkf gfi d\[`f [\ cX gi\ejX \e le ;`Xi`f [\ dXpfi Z`iZlcXZ`Â?e EXZ`feXc hl\ j\ \[`kXe \e Â&#x201E;jkX Z`l[X[ [\ Hl`kf# :XekÂ?e Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X# XjÂ&#x2C6; Zfdf \e GfjfiaX# Gifm`eZ`X [\c >lXpXj p A`g`aXgX# Gifm`eZ`X [\ DXeXYÂ&#x2C6;# gXiX \c \]\Z$ kf gfi J\Zi\kXiÂ&#x2C6;X Zfe]`Â&#x201E;iXj\ cfj \okiXZkfj g\ik`e\ek\j%$ Gi\m`f X cX [\j`^eXZ`Â?e [\ ZliX[fi 8[$c`k\d gXiX \c d\efi X[lckf# ZlÂ&#x201E;ek\j\ Zfe cX fg`e`Â?e [\ le j\Â&#x152;fi =`jZXc [\c ;`jki`kf [\ G`Z_`eZ_X% 8^iÂ&#x201E;^l\ej\ X cfj Xlkfj cfj [fZld\ekfj X[ale$ kfj% KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc hl\ j\Â&#x152;XcX cX gXik\ XZkfiX p cX Xlkfi`qXZ`Â?e hl\ [X X jl XYf$ ^X[f [\]\ejfi%$ = %$ ;i% :8ICFJ =<IE8E;<Q @;IFMF%$ AL<Q ;y:@DF J<>LE;F ;< CF :@M@C ;< G@:?@E:?8% Cf hl\ cc\mf X jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[f$ c\j [\ cX fYc`^XZ`Â?e hl\ k`\e\e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j%$ Hl`kf# (0 [\ DXiqf [\c )'(($ :\ik`]`Zf%$ ;I% =<IE8E;F E8I8EAF =8:KFJ% J<:I<K8I@F ;<C ALQ>8;F ;y:@DF J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8I&/)0-)&ZZ

C8 I ;<C < ALQ>8;F M@>yJ@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 :8ID<E <LC8C@8 :?8M<Q :F<CCF 8:KFI1 ;I% CL@J 8C=I<;F Q8D9I8EF K8 E @ : L : ? @ Ă&#x2020; GIF:LI8;FI AL;@:@8C ;<

=I8E:@J:F ;LHL< G8II8 ;<D8E;8;81 :8ID<E <LC8C@8 :?8M<Q :F<CCF AL@:@F1 ;@MFI:@F Ef% +/'$)'(($ F< :L8EKĂ 81 @E;<K<ID@E8;8 ALQ>8;F M@>yJ@DF HL@EKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j (' [\ D8PF ;<C )'((# C8J '0?))%$ M@JKFJ1 LeX m\q hl\ \c XZZ`feXek\ _X [X[f Zldgc`d`\ekf X cf [`jgl\jkf \e Xlkf `e`Z`Xc# j\ ZXc`]`ZX X cX [\dXe[X [\ ZcXiX# gi\Z`jX# Zfdgc\kX p hl\ i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj hl\ \o`^\ cX C\p%$ ;Â&#x201E;j\ \c ki}d`k\ M\iYXc JldXi`f%$ :fe \c Zfek\e`[f [\ cX [\dXe[X p \jk\ 8lkf _}^Xj\ jXY\i X cX [\dXe[X[X gXiX cfj i\jg\Zk`mfj ]`e\j [\ C\p%$ 8k\ekf \c aliXd\ekf i\e[`[f gfi \c XZZ`feXek\ p [\ Zfe$ ]fid`[X[ Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c j\ [`jgfe\ Z`kXi X cX [\dXe[X[X :8ID<E <LC8C@8 :?8M<Q :F<CCF gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf%$ 8^iÂ&#x201E;^l\ej\ cfj [fZld\ekfj hl\ j\ XZfdgX$ Â&#x152;Xe%$ KÂ&#x201E;e^Xj\ \e Zl\ekX cX Xlkfi`$ qXZ`Â?e hl\ j\ Zfe]`\i\ Xc 8Yf^X[f GXkifZ`eX[fi p \c ZXj`cc\if al[`Z`Xc gXiX hl\ i\Z`YX jlj efk`]`ZXZ`f$ e\j%$ Efk`]Â&#x2C6;hl\j\% ] ;i% @m}e :\mXccfj QXdYiXef Ă&#x2020; Al\q% Cf hl\ Zfdle`Zf p :@KF gXiX cfj i\jg\Zk`mfj ]`e\j [\ C\p# gi\m`$ e`Â&#x201E;e[fc\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`$ ]`ZXZ`fe\j%$ :\ik`]`Zf% ;i% Cl`j =\ieXe[f J\iiXef D\e\j\j J<:I<K8I@F ALQ>8;F M@>yJ@DF HL@EKF :@M@C G@:?@E:?8 ?Xp le j\ccf 8I&/)00-&ZZ

ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8% C8LI8 D8IĂ 8 >FI;FE IF9<IKJ 8:KFI1 CL@J <M8E><C@F 8C8I:äE ;<D8E;8;F1 C8LI8 D8IĂ 8 >FI;FE IF9<IKJ AL@:@F1 M<I98C JLD8I@F ;< ;@MFI:@F Ef% )/.$)%'(( 8Y^% I% 9iXmf :8J@CC<IF AL;@:@8C Ef% ((*' =LE;8D<EKF C<>8C1 8IK% ((' ELD<I8C (( ;<C :ä;@>F :@M@C 89F>8;F1 ;I% 9PIFE 8P8C8 :L8EKĂ 81 @E;<K<ID@E8;8 GIFM@;<E:@81 8LKF ;< :8C@=@:8:@äE ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# dXik\j () [\ XYi`c [\c )'((# cXj (._)+% M@JKFJ%$ 8mfZf Zfef$ Z`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f%$ Gfi ZlXekf cX XZkfiX _X [X[f Zldgc`$ d`\ekf X cf fi[\eX[f \e gifm`[\e$ Z`X Xek\i`fi# cX [\dXe[X gi\j\ekX$ [X gfi1 CL@J <M8E><C@F# \j ZcXiX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ C\p p j\ cX X[d`k\ X ki}d`k\ m\i$

f[h\[YY_edW iÂ&#x152;be Yed [b Yed# i[dj_c_[dje Z[ bei YedjhWjWd# j[i" c|i YkWdZe [b YWded [i ikf[h_eh W bei Z_[p c_b ikYh[i c[dikWb[i" [b YedjhWje Z[X[ i[h Y[b[XhWZe d[Y[iWh_Wc[dj[ feh [iYh_je" WYehZ[ W be Z_ifk[i# je feh [b 7hj$ (/ Z[ bW B[o Z[ ?dgk_b_dWje$ I[ Z_Y[ _dYbki_l[ gk[ [i Yed# i[dikWb" fehgk[ i[ f[h\[YY_e# dW feh [b c[he Yedi[dj_c_[dje" i_d f[h`k_Y_e Z[ gk[ feij[h_eh# c[dj[ i[ YkcfbW bW [djh[]W Z[b _dck[Xb[ Whh[dZWZe$ ;B;C;DJEI :;B 9EDJH7JE :; 7HH;D:7C?;DJE FeZ[cei i[Â&#x2039;WbWh gk[ ied Zei \kdZWc[djWb[i0 bei Z[ ik [i[dY_W o bei Z[ ik dWjkhWb[pW$ BEI :; IK ;I;D9?7 ;ije [i0 W$ DecXh[ [ _Z[dj_\_YWY_Â&#x152;d Z[ bei YedjhWjWdj[i1 X$ ?Z[dj_\_YWY_Â&#x152;d Z[b _dck[Xb[ eX`[je Z[b YedjhWje Z[ Whh_[dZe1 o"

Y$ Fh[Y_e e YWded e h[djW$ BEI :; IK D7JKH7B;P7 ;ije [i0 W$ <ehcW Z[ fW]e1 X$ H[bWY_Â&#x152;d Z[ i[hl_Y_ei1 o" Y$ JÂ&#x192;hc_de Z[ ZkhWY_Â&#x152;d Z[b Yed# jhWje$ >Wo gk[ _di_ij_h gk[ bei [b[# c[djei [i[dY_Wb[i Z[b YedjhWje Z[ Whh_[dZe khXWde" [i gk[ ^WoW fh[# Z_e o gk[ [i[ fh[Z_e i[W khXWde" gk[ [b YWded Z[ Whh_[dZe de [ij| Z[j[hc_dWZe feh bW lebkdjWZ Z[ bWi fWhj[i Yece eYkhh[ ][d[hWbc[dj[ [d bei Z[c|i YedjhWjei" fk[i [i [b Ckd_Y_f_e c[Z_Wdj[ bW E\_Y_dW Z[ H[]_ijhe Z[ 7hh[dZWc_[djei bW gk[ \_`W bei Y|ded[i b[]Wb[i Z[ Whh[dZWc_[dje khXWdei" e i[W ^Wo kdW ikcW c|n_cW" bW YkWb feh be c[dei [d j[ehÂ&#x2021;W de i[ bW fk[Z[ Wkc[djWh$ 9BĂ&#x203A;KIKB7I GK; :;8; 9EDJ;D;H KD 9EDJH7JE :; 7HH;D:7C?;DJE Fk[Ze Y_jWh [djh[ bWi fh_dY_fW# b[i bWi i_]k_[dj[i0

IÂ&#x152;be [b _d\ehjkd_e fk[Z[ Yedl[hj_h kd YehWpÂ&#x152;d Z[ heYW [d kd YehWpÂ&#x152;d ^kcWde$ <H7DwE?I I7B?=D79 :; B7 CEJ>; YXc jldXi`f gfi kXekf \e dÂ&#x201E;i`kf Xc aliXd\ekf i\e[`[f gfi cX XZZ`f$ eXek\ p [\ Zfe]fid`[X[ Zfe cf [`j$ gl\jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ :Ă K<J<# X cX [\dXe[X[X j\Â&#x152;fiX1 C8LI8 D8I@8 >FI;FE IF9<IKJ# \e cX ]fidX jfc`Z`kX[X gfi d\[`f [\ ki\j glYc`ZXZ`fe\j gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ Xdgc`X Z`iZlcXZ`Â?e X e`m\c eXZ`feXc [\ cfj hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf%$ 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e hl\ j\ X[alekX%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi \c XZkfi XjÂ&#x2C6; Zfdf cX Xlkfi`qXZ`Â?e [X[X X jl 8Yf^X[f ;\]\ejfi%$ Efk`]Â&#x2C6;hl\j\%$ = ;i% =\c`g\ @e]Xek\ I\p% Al\q \eZXi^X[f% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p% C\ gi\m\e^f [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j%$ :\ik`]`Zf% 8Y^% Afi^\ D`\i 9liYXef J<:I<K8I@F ?Xp le j\ccf 8I&/*'')&ZZ

<OKI8:KF :@K8:@äE AL;@:@8C :@K8:@äE AL;@:@8C 8 C8 J<zFI8 ALC@8 9<8KI@Q D8P8EQ8 >8I:@8 8:KFI1 :<J8I 8L>LJKF HL@E8CL@J8 >8C8IQ8 ;<D8E;8;81 ALC@8 9<8KI@Q D8P8EQ8 >8I:@8 AL@:@F EIF% ./$)'(($GQ$M<I98C JLD8I@F Ă&#x2020; ;@MFI:@F :L8EK@81 @E;<K<ID@E8;8 ;FD@:@C@F1 :8J@CC<IF AL;@:@8C EIF% +'$;I% 8E><C :?8:FE GIFM@;<E:@81 ALQ>8;F ;<:@DF HL@EKF ;< CF :@M@C ;< D8:?8:?@% DXZ_XZ_`# X (0 [\ XYi`c [\c )'((2 cXj '/_,'% M@JKFJ1 CX [\dXe[X hl\ Xek\$ Z\[\ gi\j\ekX[X gfi \c j\Â&#x152;fi :<J8I 8L>LJKF HL@E8CL@J8 >8C8IQ8# jfYi\ [`mfiZ`f ZXljXc# gfi ZcXiX p Zfdgc\kX# i\Â&#x2019;e\ Zfe cfj i\hl`j`kfj [\ c\p# iXqÂ?e gfi cX hl\ j\ cX XZ\gkX Xc ki}d`k\ \e al`Z`f M\iYXc JldXi`f% <e Zfej\Zl\eZ`X k\e`\e[f gi\j\ek\ \c aliXd\ekf i\e[`[f gfi \c ZfdgXi\Z`\ek\# [\ XZl\i[f X cf \jkXYc\Z`[f \e \c 8ik% ((/ [\c :Â?[`^f :`m`c# \e ZfeZfi$ [XeZ`X Zfe cf gi\jZi`kf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\j\ X cX [\dXe[X[X ALC@8 9<8KI@Q D8P8EQ8 >8I:@8# gfi cX gi\ejX# d\[`Xek\ ki\j glYc`ZX$

Z`fe\j [\ le \okiXZkf [\ cX [\dXe$ [X p \jkX gifm`[\eZ`X# hl\ j\ _Xi}e \e le g\i`Â?[`Zf [\ cX Z`l[X[ [\ Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X# gfi ZXi\Z\i \jk\ :XekÂ?e [\ g\i`Â?[`Zfj [\ glYc`ZXZ`Â?e i\^lcXi# [\Y`\e[f d\[`Xi \eki\ leX p fkiX glYc`$ ZXZ`Â?e# fZ_f [Â&#x2C6;Xj gfi cf d\efj% 8^iÂ&#x201E;^l\j\ X cfj Xlkfj cX [fZld\e$ kXZ`Â?e hl\ j\ _X X[alekX[f# gXiX cfj ]`e\j [\ C\p% KÂ&#x201E;e^Xj\ gi\j\ek\ cX ZlXekÂ&#x2C6;X ]`aX[X# cX Xlkfi`qXZ`Â?e Zfe]\i`[X Xc ;i% 8e^\c :_XZÂ?e2 p# \c ZXj`cc\if al[`Z`Xc Eif% +'# j\Â&#x152;XcX$ [f gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j% Efk`]Â&#x2C6;hl\j\% =% ;i% Afi^\ ;lhl\ >iXeaX% Al\q% ;Â&#x201E;Z`df Hl`ekf [\ cf :`m`c [\ G`Z_`eZ_X% GXik`ZlcXi hl\ gfe^f \e jl Zfef$ Z`d`\ekf gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j [\ekif [\c g\iÂ&#x2C6;d\kif [\ \jk\ alq^X[f# XhlÂ&#x2C6; \e cX Z`l[X[ [\ DXZ_XZ_`% Cf hl\ Zfdle`Zf X L[%# gXiX cfj ]`e\j [\ C\p% :\ik`]`Zf% ;I% N8J?@E>KFE DFC@E8 M% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&((('.&k]

ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 N@CC8D I8DFE J8CM8;FI KF98I < O K I 8 : K F 8:KFI1 9C8E:8 @E<J ?L<IK8 98K@FA8 ;<D8E;8;81 N@CC8D I8DFE J8CM8;FI KF98I AL@:@F1 ;@MFI:@F Ef% ,,,$)'((% JXcfd\ Ifdf >% KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 F9A<KF1 ;Xi gfi [`jl\ckf \c m`e$ Zlcf dXki`dfe`Xc GIFM@;<E:@8 ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j (. [\ dXpf cXj (.?+-%$ M@JKFJ%$Gfi Zldgc`[f Zfe \c i\hl\i`d`\ekf hl\ Xek\Z\[\%$ CX [\dXe[X [\ [`mfiZ`f hl\ gi\j\ekX 9cXeZX @eÂ&#x201E;j ?l\ikX 9Xk`faX \e ZfekiX [\ N`ccXd IXdÂ?e JXcmX[fi KfYXi# i\Â&#x2019;e\ cfj i\hl`j`kfj c\^Xc\j2 \e Zfej\Zl\e$ Z`X j\ c\ XZ\gkX X ki}d`k\ gfi cX mÂ&#x2C6;X M\iYXc JldXi`X \jkXYc\Z`[X \e cX j\ZZ`Â?e )*# 8ikj% /)/ p j`^l`\ek\j [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ 8k\ekX cX Xj\m\iXZ`Â?e aliXd\ekX[X [\ cX [\dXe[Xek\ i\jg\Zkf X cX `dgfj`Y`c`[X[ [\ [Xi Zfe cX `e[`m`$ [lXc`[X[ f i\j`[\eZ`X [\c [\dXe$

[X[f# ZÂ&#x2C6;k\j\ Zfe le \okiXZkf [\ cX [\dXe[X p Zfe \c [\ \jkX gifm`$ [\eZ`X X N`cc`Xd IXdÂ?e JXcmX[fi KfYXi gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf XjÂ&#x2C6; Zfdf \e le g\i`Â?[`Zf [\ dXpfi Z`iZlcXZ`Â?e [\ cX gifm`eZ`X [\ <jd\iXc[Xj Zfdf cf \jkXYc\Z\ \c 8ik% ((0 [\c :Â?[`^f :`m`c2 gfi ki\j fZXj`fe\j Zfe `ek\imXcfj [\ gfi cf d\efj fZ_f [Â&#x2C6;Xj \eki\ leX glYc`ZXZ`Â?e p fkiX%$ 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cfj [fZld\ekfj X[alekfj X cX [\dXe[X p \jZi`kf gi\j\ekX$ [f%$ Efk`]Â&#x2C6;hl\j\ X cX XZkfiX \e cX ZXj`ccX Ef% ,'*/%$ EFK@=@HL<J< Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc [\ le XYf^X[f \e \jkX ZXljX gXiX ]lkliXj efk`]`ZXZ`fe\j% ;I% <;N@E :<M8CCFJ 8DGL;@8 J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&((('/&k]

I<GL9C@:8 ;<C <:L8;FI ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF :@K8:@FE AL;@:@8C 8 ;@CCFE FM@<;F ><FM8EEP <;DLE;F 8:KFI1 IL8C<J I<P<J J?@IC<P ><FM8EP ;<D8E;8;F1 ;@CCFE FM@<;F ><FM8EEP <;DLE;F AL@:@F ;@MFI:@F Ef% ,,+$)'(($ ;% >8IQFE% :8J@CC8 AL;@:@8C Ef .* ;<=<EJFI1 ;I% G<;IF IL8C<J GIFM@;<E:@81 ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j (- [\ dXpf [\c )'((# cXj '/_(.%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e m`jkX [\c jfik\f i\Xc`qX[f%$ <e cf gi`eZ`gXc# cX XZkfiX ZfdgXi\qZX X \jkX Al[`ZXkliX p ZldgcX Zfe cf [`jgl\jkf \e 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# \e \c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj p YXaf gi\m\eZ`fe\j [\ C\p%$ Efk`]Â&#x2C6;hl\j\% ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j )* [\ dXpf [\c )'((# cXj ((_'(%$ M@JKFJ1 <c \jZi`kf gi\j\ekX[f X^iÂ&#x201E;^l\j\ Xc gifZ\jf% <e cf gi`e$ Z`gXc# cX [\dXe[X gi\j\ekX[X \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ j\ XZ\gkX X ki}d`k\ M\iYXc JldXi`f% <e Zfej\Zl\eZ`X# Zfe cX [\dXe$ [X gi\j\ekX[X p gifm`[\eZ`X hl\ Xek\Z\[\# ZÂ?iiXj\ kiXjcX[f Xc j\Â&#x152;fi ><FM8EEP <;DLE;F ;@CCFE FM@<;F% :fe \c aliXd\ekf i\e[`[f gfi cX XZkfiX p [\ Zfe]fi$ d`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\j\ Xc [\dXe[X[f gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf% KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f p X^iÂ&#x201E;$ ^l\j\ cfj [fZld\ekfj XZfdgXÂ&#x152;X$ [fj% Efk`]Â&#x2C6;hl\j\ ;I% 8C=I<;F >I@A8CM8 DLzFQ%

'$ DecXh[i o Wf[bb_Zei Z[ bWi fWhj[i YedjhWjWdj[i1 ($ KX_YWY_Â&#x152;d Z[b beYWb Whh[dZW# Ze1 )$ Ikf[h\_Y_[1 *$ ;ijWZe Z[b beYWb Whh[dZWZe1 +$ ;b fh[Y_e Z[b Whh_[dZe" \[Y^W" bk]Wh o \ehcW Z[ fW]e1 ,$ :[ij_de Z[b _dck[Xb[ Whh[d# ZWZe1 -$ FbWpe Z[b YedjhWje1 .$ :ec_Y_b_e o `k[p Yecf[j[dj[ [d YWie Z[ Yedjhel[hi_W1 /$ Ck[Xb[i _dYehfehWZei1 o" '&$ <_hcW Z[ bei YedjhWjWdj[i$ DEJ70 BWi fWhj[i Z[ YecÂ&#x2018;d WYk[hZe fk[Z[d W]h[]Wh lWh_Wi Yb|kikbWi" Z[ WYk[hZe W bWi Y_h# YkdijWdY_Wi Z[b YWie$ IeXh[ [ij[ j[cW" jhWje Yed Z[jW# bb[" [d c_ b_Xhe j_jkbWZe C7DK7B FHĂ&#x203A;9J?9E ;D C7J;H?7 :; ?DGK?B?D7JE$

.2_ĹŠ 1!~ ĹŠ +!.-~ Ä&#x201D;ĹŠ ĹŠ ĹŠ

ĹŠ ĹŠ ĹŠ

AL<Q Cf hl\ gfe^f \e ZfefZ`d`\ekf Xc gÂ&#x2019;Yc`Zf \e ^\e\iXc# gXiX cfj ]`e\j c\^Xc\j Zfii\jgfe[`\ek\j% ;i% GXYcf Kfif :Xii`ccf J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&((('-&k]

I% ;<C <% ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C :@K8:@äE AL;@:@8C 81 <I@B8 J@CM8E8 DFIF:?F DFIF:?F 8:KFI1 <;>8I >@C9<IKF F:?F8 C<D8# D8E;8K8I@F ;< CL@J <;L8I;F 8QF>L< :?@J8> AL@:@F1 ;@MFI:@F Ef% ((+$)'(($ DC8 KI8D@K<1 M<I98C JLD8I@F ;<D8E;8;81 <I@B8 J@CM8E8 DFIF:?F DFIF:?F :L8EK@81 @E;<K<ID@E8;8 ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j ( [\ XYi`c [\c )'((# cXj ('_*.%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c f]`Z`f Ef% (*'/$;G$;GG# [\ ]\Z_X . [\ alc`f [\c )'('%$ 8^iÂ&#x201E;^l\j\ \c \jZi`kf gi\j\ekX[f%$ <e cf gi`eZ`$ gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ ]fidX \o`^`[fj \e cX c\p%$ ;\j\ \c ki}d`k\ m\iYXc jldX$ i`f [\ Zfe]fid`[X[ Zfe cf [`jgl\j$ kf \e cfj 8ikj% /)/ p j`^l`\ek\j [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ :Â&#x2C6;k\j\ X cX [\dXe[X[X <I@B8 J@CM8E8 DFIF:?F DFIF:?F# [\ Zfe]fid`[X[ Zfe cf \jkXYc\$ Z`[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p aliXd\ekf i\e[`[f# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kX \e \jkX Z`l[X[# d\[`Xe[f \c kÂ&#x201E;id`ef [\ ZlXe[f d\efj fZ_f [Â&#x2C6;Xj \eki\ leX p fkiX glYc`ZXZ`Â?e%$ KÂ&#x201E;e^Xj\ \e Zl\ekX cX `ej`elXZ`Â?e [\c j\Â&#x152;fi AFI>< 8QF>L<# Zfdf ZliX[fi X[$c`k\d%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc [\j`^$ eX[f%$ 8^iÂ&#x201E;^l\j\ \c \jZi`kf p cX [fZld\ekXZ`Â?e X[alekX%$ :Ă K<J< P EFK@=Ă HL<J<%$ ;I% =89I@:@F J<>FM@8 9<K8E:FLIK AL<Q <E:8I>8;F Cf hl\ Zfdle`Zf p c\ Z`kf X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfe$ j`^l`\ek\j# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j \e \jkX al[`ZXkliX% :<IK@=@:F% ;I% AL8E >8CC8I;F J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&(((')&k] C8 I<GL9C@:8 ;<C <:L8;FI ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 C8 J<zFI8 ALC@8E8 J8EK8D8I@8 D<J8 ;<C AL@:@F

M<I98C JLD8I@F ;`mfiZ`f # GIFGL<JK8 <E JL :FEKI8 GFI <C J<zFI 89<C CL@J 9<E8C:8Q8I ;@8Q% 8:KFI1 89<C CL@J 9<E8C:8Q8I ;@8Q% ; < D 8 E ;8 ; F 1 A L C @ 8 E 8 J8EK8D8I@8 D<J8 AL@:@F1 M\iYXc JldXi`f ;`mfiZ`f )'(($'*.'$I>: :L8EK@81 @E;<K<ID@E8;8 =<:?8 ;< @E@:@8:@äE1 (0 [\ DXpf [\c )'((% GIFM@;<E:@81 ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ HL@KF# (0 [\ DXpf [\c )'((# cXj (,_'-%$ M@JKFJ1 :ldgc`[f hl\ _X j`[f \c i\hl\i`d`\ekf jfc`Z`kX[f \e gif$ m`[\eZ`X `e`Z`Xc# cX [\dXe[X hl\ Xek\Z\[\ j\ cX ZXc`]`ZX [\ ZcXiX# gi\Z`jX# Zfdgc\kX p hl\ i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ c\p2 gfi cf kXekf# j\ cX XZ\gkX X ki}d`k\ \e cX mÂ&#x2C6;X [\c al`Z`f m\iYXc jldXi`f%$ <e cf gi`eZ`gXc# Xk\ekX Xc aliXd\ekf i\e[`[f gfi cX XZkfiX p [\ Zfe$ ]fid`[X[ X cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\j\ X cX JI8% ALC@8E8 J8EK8D8I@8 D<J8# d\[`Xek\ ki\j glYc`ZXZ`fe\j hl\ j\ _Xi}e# ZX[X leX [\ \ccXj \e ]\Z_X [`j$ k`ekX# \e le g\i`Â?[`Zf [\ Xdgc`X Z`iZlcXZ`Â?e [\ cX Z`l[X[ [\ Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X2 p# kXc Zfdf cf [`jgfe\ \c 8ik% ((0 [\c :Â?[`^f :`m`c# \j [\Z`i# j\ cXj _Xi} d\[`Xe[f kÂ&#x201E;id`ef [\ fZ_f [Â&#x2C6;Xj# gfi cf d\efj# \eki\ cX leX p cX fkiX%$ KÂ?d\j\ efkX [\ cX ZlXekÂ&#x2C6;X p [fd`Z`c`f al[`Z`Xc j\Â&#x152;XcX[fj gfi \c JI% 89<C CL@J 9<E8C:8Q8I ;@8Q p cX Xlkfi`qXZ`Â?e hl\ [X X jl XYf^X[f [\]\ejfi%$ 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e XZfd$ gXÂ&#x152;X[X%$ :Â&#x2C6;k\j\ p efk`]Â&#x2C6;hl\j\% = ;iX% DÂ?e`ZX =cfi GXqd`Â&#x152;f% Al\qX Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc \e \jkX Z`l[X[ [\ Hl`kf# gXiX gfjk\i`fi\j efk`$ ]`ZXZ`fe\j% 8Y% DXi`f CXjjf Fik\^X% J<:I<K8I@F ;<C ALQ>8;F M@><J@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&((('*&k]

I<GL9C@:8 ;<C <:L8;FI ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C :`kXZ`�e al[`Z`Xc X :8ICFJ ><ID8E HL@EK<IF 8IF:8# Zlpf k\efi \j \c j`^l`\ek\1 8:KFI1 C@E8 E@:FC8C;< M<C8J:F ;<D8E;8;F1 :8ICFJ ><ID8E HL@EK<IF 8IF:8 AL@:@F1 ;@MFI:@F Ef% +/)$)'(($ DC8% KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j (* [\ dXpf [\c )'((# cXj ((_,-%$


M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c f]`Z`f Ef% (*'/$;G$;GG# [\ ]\Z_X . [\ alc`f [\c )'('%$ 8^iÂ&#x201E;^l\j\ \c \jZi`kf gi\j\ekX[f%$ <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\$ Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ ]fidX \o`$ ^`[fj \e cX c\p%$ ;\j\ \c ki}d`k\ m\iYXc jldXi`f [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e cfj 8ikj% /)/ p j`^l`\ek\j [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ :Â&#x2C6;k\j\ Xc [\dXe[X[f :8ICFJ ><ID8E HL@EK<IF 8IF:8 [\ Zfe]fid`$ [X[ Zfe cf \jkXYc\Z`[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p aliXd\ekf i\e[`[f# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kX \e \jkX Z`l[X[# d\[`Xe[f \c kÂ&#x201E;id`ef [\ ZlXe[f d\efj fZ_f [Â&#x2C6;Xj \eki\ leX p fkiX glYc`ZXZ`Â?e%$ KÂ&#x201E;e^Xj\ \e Zl\ekX cX `ej`elXZ`Â?e [\ cX j\Â&#x152;fiX DXiZ`X E`ZfcXc[\# Zfdf ZliX[fiX X[$c`k\d%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc [\j`^$ eX[f%$ 8^iÂ&#x201E;^l\j\ \c \jZi`kf p cX [fZld\ekXZ`Â?e X[alekX%$ :Ă K<J< P EFK@=Ă HL<J<%$ ;I% =89I@:@F J<>FM@8 9<K8E:FLIK AL<Q <E:8I>8;F ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j )+ [\ dXpf [\c )'((# cXj '/_)0%$ ;\ Zfe]fid`[X[ Zfe cf \jkXYc\Z`$ [f \e \c 8ik% )0' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ XdgcÂ&#x2C6;X cX gifm`[\eZ`X [\ ]\Z_X (* [\ dXpf [\c )'((# \e \c j\ek`[f hl\ \c gi`d\i Xg\cc`[f [\c [\dXe[X[f \j HL@EK<IFJ ef Hl`ek\if%$ <e kf[f cf [\d}j cX gifm`[\eZ`X Xek\j d\eZ`feX[X hl\[X `^lXc%$ EFK@=@HL<J<%$ ;I% =89I@:@F J<>FM@8 9 < K 8 E : F L I K% A L < Q <E:8I>8;F Cf hl\ Zfdle`Zf X ljk\[ gi\m`$ e`\e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j \e \jkX al[`ZXkliX% :<IK@=@:F% ;I% AL8E >8CC8I;F J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&(('0.&k]

ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C I% ;<C <% 8c j\Â&#x152;fi X AL8E AFJ< :Lz<Q PLHL@C<D8 j\ c\ _XZ\ ZfefZ\i

<C <OKI8:KF ;< ;<D8E;8 ;< ;@MFI:@F p cX GIFM@;<E:@8# hl\ X Zfek`elXZ`Â?e j`^l\1 <OKI8:KF 8Zkfi X 1 C<D8 C<D8:?< <C:@8 8D<I@:8 :lXekÂ&#x2C6;X1 @e[\k\id`eX[X Ki}d`k\1 M\iYXc JldXi`f =\Z_X [\ @e`Z`XZ`Â?e1 )0 [\ efm`\d$ Yi\ [\ )'((% :XljX [\ ;@MFI:@F Ef% )'('$ (-(+$AF?E 8P8C8 GIFM@;<E:@81 ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j (, [\ XYi`c [\c )'((# cXj ((_)0%$M@JKFJ1 8mfZf ZfefZ`$ d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\q <eZXi^X[f j\^Â&#x2019;e XZZ`Â?e [\ g\ijfeXc Ef% .-)$;G$ ;GG%# [\ () [\ XYi`c [\ )'((%$ <e cf gi`eZ`gXc# cX [\dXe[X gi\j\ekX[X# \j ZcXiX p gi\Z`jX gfi cf hl\ j\ cX XZ\gkX X ki}d`k\ M\iYXc JldXi`f%$ <e Zfej\Zl\eZ`X ZÂ?iiXj\ kiXjcX[f Zfe cX [\dXe[X p \jkX gifm`[\eZ`X Xc [\dXe[X[f j\Â&#x152;fi AL8E AFJ< :Lz<Q PLHL@C<D8# X hl`\e j\ c\ Z`kXi} gfi d\[`f [\ glYc`ZXZ`fe\j \e lef [\ cfj [`Xi`fj [\ dXpfi Z`i$ ZlcXZ`Â?e p hl\ j\ \[`kXe \e Â&#x201E;jkX [\ Hl`kf p [\ cX ZXg`kXc [\ cX gifm`eZ`X [\ 9fc`mXi Zfe]fid\ \c XikÂ&#x2C6;Zlcf ((0 [\c :Â?[`^f :`m`c%$ :fe cX `ej`elX$ Z`Â?e [\ :liX[fi 8[$c`k\d# Â?`^Xj\ cX fg`e`Â?e [\c i\gi\j\ekXek\ [\c D`e`jk\i`f GÂ&#x2019;Yc`Zf%$8^iÂ&#x201E;^l\ej\ Xc gifZ\jf cfj [fZld\ekfj gi\$ j\ekX[fj%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if p [fd`Z`c`f al[`Z`Xc [\j`^eX[fj%$ EFK@=@HL<J<%$ Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p# X[m`ik`Â&#x201E;e[fc\ [\ Xc fYc`^X$ Z`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc \e \c gXcXZ`f [\ aljk`Z`X [\ \jkX Z`l[X[% :\ik`]`Zf% Hl`kf# (/ [\ dXpf [\ )'((% 8Y^% Afi^\ D`\i 9liYXef% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&(('.0&k]

cX j\Â&#x152;fiX M<IFE@:8 9<8KI@Q ?8IF D<;@8M@CC8%$ ;<D8E;8;F1 N@CC@8D =<C@G< M8I>8J :8@:<;F F9A<KF ;< C8 ;<D8E;8%$ Jfc`Z`kX hl\ d\[`Xek\ j\ek\eZ`X j\ [\ZcXi\ [`jl\ckf \c mÂ&#x2C6;eZlcf dXki`dfe`Xc hl\ cfj le\1 KI8D@K<1 Al`Z`f M\iYXc JldXi`f AL<Q ;< C8 :8LJ8%$ 89>% 8E><C IF;I@>L<Q =8A8I;F 8LKF @E@:@8C%$ CX [\dXe[X hl\ Xek\Z\[\ gfi i\le`i cfj i\hl`j`kfj [\ C\p# j\ cX ZXc`]`ZX [\ ZcXiX# gi\$ Z`jX p Zfdgc\kX# iXqÂ?e gfi cX ZlXc j\ cX X[d`k\ Xc ki}d`k\ [\c Al`Z`f M\iYXc JldXi`f hl\ c\ Zfii\jgfe$ [\%$ :Â&#x2C6;k\j\ Xc [\dXe[X[f# gfi d\[`f [\ cX gi\ejX# \e lef [\ cfj g\i`Â?[`Zfj [\ \jkX Z`l[X[ [\ DXZ_XcX# XjÂ&#x2C6; Zfdf kXdY`Â&#x201E;e \e lef [\ cX Z`l[X[ [\ Hl`kf# ZXg`kXc [\ cX Gifm`eZ`X [\ G`Z_`eZ_X# [fe[\ j\ Z\c\YiÂ? \c dXki`dfe`f# [\ Zfe]fi$ d`[X[ Zfe cf [`jgl\jkf \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c Zf[`]`ZX[f# \e i\cXZ`Â?e Zfe \c 8ik% ((0 [\c :Â?[`^f :`m`c# kf[X m\q hl\ \c XZkfi X]`idX YXaf aliXd\ekf [\ hl\ c\ \j `dgfj`Yc\ [\k\id`eXi cX i\j`[\eZ`X f [fd`Z`c`f XZklXc [\c Xek\j d\eZ`feX[f [\dXe[X[f% GlYc`ZXZ`Â?e hl\ j\ cX _Xi} Zfe c\kiX k`gf ?\cmÂ&#x201E;k`ZX Zfe kXdXÂ&#x152;f [\ ]l\ek\ Ef% /# X [fYc\ ZfcldeX% GXik`ZlcXi hl\ Zfdle`Zf X ljk\[# gXiX cfj ]`e\j [\ c\p# X[m`ik`Â&#x201E;e[f$ c\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ ZfdgXi\Z\i Xc al`Z`f [\ekif [\ cfj )' [Â&#x2C6;Xj gfjk\i`fi\j X cX k\iZ\iX p Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf# ZXjf ZfekiXi`f j\i} [\ZcXiX[f \e i\Y\c[Â&#x2C6;X% DXZ_XcX# - [\ 8Yi`c 8 Y% = I8 E :F 8 I <M8 CF M8C8I<QF J<:I<K8I@F ALQ>8;F K<I:<IF ;< CF :@M@C P D<I:8EK@C ;< <C FIF ?Xp j\ccf p ]`idX 8%:%&.0.).&k]

I% [\c <% ALQ>8;F K<I:<IF ;< CF :@M@C ;< <C FIF <OKI8:KF ;< :@K8:@FE 81 N@CC@8D =<C@G< M8I>8J :8@:<;F C< ?8>F J89<I%$ Hl\ \e \jk\ Alq^X[f d\[`Xek\ jfik\f# c\ Zfii\jgfe[\ ZfefZ\i cX [\dXe[X [\ ;`mfiZ`f Ef% '.,&)'((# Zlpf \okiXZkf \j Zfdf j`^l\1 8:KFI1 ;i% AFJ< K8G@8 KFII<J# \e jl ZXc`[X[ [\ 8gf[\iX[f <jg\Z`Xc p GifZliX[fi Al[`Z`Xc [\

I% [\c <% ALQ>8;F ;<:@DF J<GK@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8c j\Â&#x152;fi IFDLCF <>@;@F :?8M<Q J8C8Q8I# j\ c\ _XZ\ jXY\i hl\ \e \jkX Al[`ZXkliX j\ c\ _X gifgl\jkf al`Z`f [\ ;`mfiZ`f \e jl ZfekiX \e cfj j`^l`\ek\j kÂ&#x201E;id`efj1 8:KFI81 G`cXi GXki`Z`X :_}m\q :XimXaXc ;<D8E;8;F1 IÂ?dlcf <^`[`f :_}m\q JXcXqXi AL@:@F1 ;`mfiZ`f Eif% +,,$)'(( Ă&#x2020;A%A%# 8ik% ('0# eld\iXc [Â&#x201E;Z`dX gi`$ d\iX `eZ`jf j\^le[f [\c :Â?[`^f :`m`c% :L8EK@81 @e[\k\id`eX[X KI8D@K<1 M\iYXc JldXi`f 89F>8;F ;<=<EJFI1 ;fZkfi IfY\ikf 8pXcX :ljkf[\ GIFM@;<E:@81 ALQ>8;F ;<:@DF J<GK@DF ;< CF :@M@C ;< G@:?@E:?8%$ JXe^fchlÂ&#x2C6;# X '* [\ DXpf [\c )'((%$ 8 cXj ('_,,% M@JKFJ1$ CX [\dXe[X hl\ Xek\$

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO CONSTITUCION DE LA COMPAĂ&#x2018;Ă?A COMPAĂ&#x2018;IA DE SERVICIOS DESMONTSYSTEM S.A.

La compaùía COMPAĂ&#x2018;IA DE SERVICIOS DESMONTSYSTEM S.A. se constituyĂł por escritura pĂşblica otorgada ante el Notario TrigĂŠsimo Primero del Distrito Metropolitano de Quito, el 24 de Mayo de 2011 , fue aprobada por la Superintendencia de Compaùías, mediante ResoluciĂłn SC.IJ.DJC.Q.11.002412 de 03 de Junio de 2011. 1. DOMICILIO: Distrito Metropolitano de Quito, provincia de PICHINCHA, 2. CAPITAL: Suscrito US$ 800,00 NĂşmero de Acciones 800 Valor US$ 1,00 3. OBJETO: El objeto de a compaùía es: A) DISEĂ&#x2018;O, ELABORACION, EJECUCION, COMERCIALIZACION, IMPORTACION, EXPORTACION DE SOFTWARES ESPECIALIZADOS Y SOLUCIONES INFORMATICAS PARA LA GESTION DE FLOTAS, DESPACHO Y LOCALIZACION VEHlCULAR ...... Quito. 03 de Junio de 2011. Dr. Oswaldo Noboa LeĂłn. DIRECTOR JURIDICO DE COMPAĂ&#x2018;IAS AC/11109/tf

(0/'0&0/0+,

IÂ&#x152;be [i Z_]de Z[ b_X[hjWZ gk_[d iWX[ Yedgk_ijWhbW YWZW ZÂ&#x2021;W$ @E>7DD MEB<=7D= LED =E;J>;

Z\[\ \j ZcXiX# gi\Z`jX# Zfdgc\kX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ j\ cX XZ\gkX Xc ki}d`k\ i\jg\Zk`mf# \e al`$ Z`f M\iYXc JldXi`f%$ 8k\ekf Xc aliXd\ekf i\e[`[f gfi cX gXik\ XZkfiX# ZÂ&#x2C6;k\j\ Xc [\dXe[X[f j\Â&#x152;fi IFDLCF <>@;@F :?8M<Q J8C8Q8I# [\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e \e cX Z`l[X[ [\ Hl`kf%$ 8^iÂ&#x201E;^l\j\ cfj [fZld\ekfj gi\j\ekX[fj%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc Eif% (+( p cX Xlkfi`qXZ`Â?e Zfe]\i`[X Xc ;fZkfi IfY\ikf 8pXcX :ljkf[\%$ EFK@=@HL<J< =[f% ;i% Cl`j <[lXi[f KX`g\ >% AL<Q <E:8I>8;F % Cf hl\ Zfdle`Zf X Ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc \e \jkX Z`l[X[ [\ J8E>FCHL@# gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j% :\ik`]`Zf%$ ;i% =\ieXe[f >iXeaX CXeXj J<:I<K8I@F ALQ>8;F (.df% ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8%:%&.0,', ( k]

ALQ>8;F EFM<EF ;< CF :@M@C ;< @D989LI8 :@K8:@äE AL;@:@8C1 Xc j\Â&#x152;fi1 DXiZfj M`e`Z`f M`cc\^Xj >l\mXiX AL@:@F M\iYXc JldXi`f Ef% )/)$ )'((% GIFGL<JKF GFI1 ;fi`j @mÂ?e :\mXccfj DfekXcmf <E :FEKI8 ;<1 DXiZfj M`e`Z`f M`cc\^Xj >l\mXiX D8K<I@81 ;`mfiZ`f @E@:@8;F <C1 ). [\ XYi`c )'(( :L8EKĂ 81 @e[\k\id`eX[X <OKI8:KF1 ALQ>8;F EFM<EF ;< CF :@M@C ;< @D989LI8%$ 8klekXhl`# DXpf (* [\c )'((# CXj (+?+,%$ M@JKFJ1 8^iÂ&#x201E;^l\j\ Xc gifZ\jf \c \jZi`kf gi\j\ekX[f% <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ c\p# gfi kXekf# j\ XZ\gkX Xc ki}d`k\ M\iYXc JldXi`f hl\ c\ Zfii\jgfe$ [\% :Â&#x2C6;k\j\ Zfe cX [\dXe[X p Xlkf i\ZXÂ&#x2C6;[f Xc ZÂ?epl^\ [\dXe[X[f# DXiZfj M`e`Z`f M`cc\^Xj >l\mXiX# \e dÂ&#x201E;i`kf X cX [\ZcXiXZ`Â?e aliX$ d\ekX[X [\ ]faXj - ml\ckX [\ cfj Xlkfj# gfi cX gi\ejX# d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj ;`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e \e cX I\^`Â?e Efik\ [\c gXÂ&#x2C6;j# hl\ j\ \[`$ kXe \e cX Zl`[X[ [\ @YXiiX p Hl`kf#

CONVOCATORIA A JUNTA GENERAL ORDINARIA DE ACCIONISTAS DE INMOBILIARIA ANDIQUE S.A. De conformidad con las disposiciones Estatutarias y de la Ley de Compaùías, convocase a los seùores accionistas de INMOBILIARIA ANDIQUE S.A. a la Junta General Ordinaria, la misma que se instalarå el día Viernes 17 de Junio del 2011 a las 15H00 horas en las oficinas situadas en la Calle Ramírez Dåvalos Oe1-111 y 10 de Agosto piso 2 de la ciudad de Quito. Esta convocatoria se hace extensiva al Sr. CÊsar Våsconez Flores Comisario de la Compaùía, el cual ha sido convocado personal e individualmente, Los puntos a tratarse son los siguientes: 1. Conocer y resolver el informe que presentarå el Gerente por el ejercicio 2010. 2. Conocer y resolver sobre el informe que presentarå el Comisario por el ejercicio 2010. 3. Conocer y resolver sobre los Balances General, Estado de PÊrdidas y Ganancias y demås anexos del ejercicio 2010. 4. Nombramiento de Gerente. 5. Nombramiento de Presidente. 6. Nombramiento de Comisario. 7. Nombramiento de Directores Principales y Suplentes. 8. Varios. Los documentos que serån conocidos por la Junta General se encuentran a disposición de los seùores accionistas, en las oficinas de la Compaùía ubicadas en la Ramírez Dåvalos Oe1-111 y 10 de Agosto. Presidente Carlos Guerrero Barba AC/11092(3)

i\jg\Zk`mXd\ek\# [\ Zfe]fid`[X[ Zfe \c XikÂ&#x2C6;Zlcf ((0 [\c :Â?[`^f :`m`c \e ZfeZfi[XeZ`X Zfe \c XikÂ&#x2C6;Zlcf /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% EfdYiXj\ X cX j\Â&#x152;fiX J`cm`X DX^[Xc\eX DfekXcmf >XiqÂ?e# Zfdf ZliX[fiX 8[$ C`k\d# \e i\gi\j\ekXZ`Â?e [\ cfj _`afj d\ef$ i\j [\ \[X[ M`cc\^Xj$:\mXccfj# \e cX gi\j\ek\ ZXljX# hl`\e [\Y\i} gfj\j`feXij\ [\c ZXi^f# X gXik`i [\c [Â&#x2C6;X [\ _fp \e _fiXj _}Y`c\j% Gfi Zfej`[\iX[X cX ZlXekÂ&#x2C6;X p \c [fd`Z`c`f j\Â&#x152;XcX[f gXiX jlj efk`$ ]`ZXZ`fe\j \e cX J\Zi\kXiÂ&#x2C6;X [\ \jk\ Alq^X[f% KÂ&#x201E;e^Xj\ Xc 8Yf^X[f JXek`X^f D% 8e[iX[\# Zfdf jl [\]\ejfi% 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\e$ kXZ`Â?e X[alekX% 8ZkÂ&#x2019;\ \c ;fZkfi JXek`X^f >i`aXcmX Gfqf# Zfdf J\Zi\kXi`f JlYif^Xek\# \e \jkX ZXljX%$ EFK@=Ă HL<J<% ] ;i% =iXeZ`jZf >lXefcl`jX 8% Cf hl\ :@KF X ljk\[ gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# X[m`ik`Â&#x201E;e$ [fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi [fd`Z`c`f Al[`Z`Xc gXiX jlj efk`]`ZXZ`fe\j gfjk\i`fi\j% 8klekXhl`# X (0 [\ dXpf )'(( ;i% JXek`X^f O% >i`aXcmX Gfqf J<:I<K8I@F JL9IF>8EK< ?Xp ]`idX p j\ccf 8[&)),)-&X`

:@K8:@FE AL;@:@8C <OKI8:KF ALQ>8;F J<>LE;F ;< CF :@M@C ;< G8JK8Q8 81 <M8E><C@E8 M8E<Q8 DFEK8zF IF;I@>L<Q GFI ;<J:FEF:<I JL I<J@;<E:@8 < @E;@M@;L8C@;8; 8:KL8C# J< C< ?8:< J89<I% AL<Q1 ;I% FJN8C;F <JG@EFJ8 GI8;F% 8:KFI I@:8I;F 9<E@KF 8>L@C8I CLQLI@8>8% ;<D8E;8;81 <M8E><C@E8 M8E<Q8 DFEK8zF IF;I@>L<Q KI8D@K<1 ;@MFI:@F% D8K<I@81 M<I98C JLD8I@F% :L8EK@81 @E;<K<ID@E8;8 ;FD@:@C@F1 89% D8PI8 LCCF8 <J:F98I ALQ>8;F J<>LE;F ;< CF :@M@C ;< G8JK8Q8% Glpf# cle\j (- [\ dXpf [\c )'((# cXj '0_,/% M@JKFJ1 CX [\dXe[X hl\ Xek\Z\[\# gi\$ j\ekX[X gfi I@:8I;F 9<E@KF 8>L@C8I CLQLI@8>8# \j ZcXiX# Zfdgc\kX# gi\Z`jX p gfi i\le`i cfj i\hl`j`kfj \o`^`[fj \e \c 8ik% -. p ('(* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ cX X[d`k\ X ki}d`k\ M\iYXc JldXi`f% <e kXc m`ikl[# gfi ZlXekf \c XZkfi dXe`]`\jkX YXaf aliXd\ekf [\jZfefZ\i \c [fd`Z`c`f \ `e[`m`$ [lXc`[X[ XZklXc [\ cX [\dXe[X[X j\Â&#x152;fiX <M8E><C@E8 M8E<Q8 DFEK8zF IF;I@>L<Q# ZÂ&#x2C6;k\j\c\ gfi d\[`f [\ ki\j glYc`ZXZ`fe\j \[`kX[Xj \e \c [`Xi`f CX ?fiX [\ cX Z`l[X[ [\ Hl`kf# gXiX Zlpf \]\Zkf p gi\m`f X Zfe]\i`ij\ \c \okiXZkf i\jg\Zk`mf# fi[\eXj\ hl\ \c XZkfi ZfdgXi\qZX X i\ZfefZ\i jl ]`idX p iÂ&#x2019;Yi`ZX [fe[\ XjÂ&#x2C6; cf \ogi\jX YXaf aliXd\ekf# \e ZlXchl`\i [Â&#x2C6;X p _fiX _}Y`c\j% 8 cX [\dXe[X[X j\ c\ Xg\iZ`Y\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ Zfek\jkXi X cX [\dXe[X \e cX 8l[`\eZ`X [\ :feZ`c`XZ`Â?e hl\ j\ ZfemfZXiX fgfikleXd\e$ k\% Gfi \o`jk`i d\efi\j [\ekif [\c dXki`dfe`f# gifmÂ&#x201E;Xj\c\j [\ ZliX[fi 8[$c`k\d X cfj d\efi\j I`Z_Xi[ 8ek_fep p <i`Zb AfjlÂ&#x201E; 8^l`cXi DfekXÂ&#x152;f# [`c`^\eZ`X gXiX cf ZlXc j\ f`i} \e Xl[`\eZ`X [\ gXi`\ek\j f g\ijfeXj _fefiXYc\j [\c cl^Xi \e [Â&#x2C6;Xj p _fiXj _}Y`c\j# _\Z_f hl\ ]l\i\ p Zfe \c fYa\kf [\ hl\ fg`e\e i\jg\Zkf [\c ZliX[fi# ZlÂ&#x201E;ek\j\ Zfe \c j\Â&#x152;fi Al\q [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X [\ GXjkXqX# X hl`\e j\ c\ efk`]`ZXi} \e jl i\jg\Z$ k`mf [\jgXZ_f% KÂ?d\j\ \e Zl\ekX cX ZlXekÂ&#x2C6;X# \c ZXj`cc\if al[`Z`Xc p cX Xlkfi`qXZ`Â?e Zfe]\i`[X X jl 8Yf^X[X ;\]\ejfiX%$ 8^iÂ&#x201E;^l\j\ cfj [fZld\ekfj% @ek\im\e^X \c j\Â&#x152;fi 8Y^% >`fmXeep =fej\ZX Cl^f \e ZXc`[X[ [\ j\Zi\kXi`f [\ \jkX al[`ZXkliX# c\^Xcd\ek\ \eZXi$ ^X[f gfi i\jfclZ`Â?e [\ cX ?% :fik\% EFK@=@HL<J<% ]% ;i% FjnXc[f <jg`efjX GiX[f Al\q J\^le[f [\ cf :`m`c [\ GXjkXqX% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# X[m`ik`Â&#x201E;e$ [fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`]`ZXZ`fe\j% =`idX @c\^`Yc\ 8Y^% >`fmXeep =fej\ZX Cl^f% J<:I<K8I@F ;<C ALQ>8;F J<>LE;F ;< CF :@M@C ;< G8JK8Q8 < ?Xp le j\ccf

ALQ>8;F GI@D<IF ;< CF :@M@C ;<C 8QL8P :@K8:@FE AL;@:@8C Al`Z`f Ef% ')+0$)'(( 8 :8@Q8CL@J8 >L<II<IF D8I@8 =<IE8E;8# ZlpX i\j`[\eZ`X \j `dgfj`Yc\ [\k\id`eXi# j\ c\ _XZ\ ZfefZ\i hl\ \e \c Alq^X[f Gi`d\if [\ cf :`m`c [\ :l\eZX X ZXi^f [\c ;i% :Â&#x201E;jXi L^Xc[\ 8i\ccXef# j\ _X gi\$ j\ekX[f leX [\dXe[X# cX d`jdX hl\ \e \okiXZkf \j Zfdf j`^l\1 E 8K L I 8 C < Q 8 1 M < I 9 8 C JLD8I@F D8K<I@81 ;@MFI:@F 8:KF I 1 9 F J D < ; @ 8 E F IF;IĂ >L<Q N@CC@8E 8;I@8E :L8EK@81 @E;<K<ID@E8;8 Al`Z`f )+0$)'(( :l\eZX# + [\ DXpf [\c )'((# cXj '/_*+%$ M`jkfj1 8mfZf ZfefZ`d`\ekf [\ cX [\dXe[X hl\ gi\j\ekX1 N@CC@8E 8;I@8E 9FJD<;@8EF IF;IĂ >L<Q# d`jdX hl\# gfi ZcXiX# Zfdgc\kX p i\le`i Zfe cfj i\hl`j`kfj [\c 8ikÂ&#x2C6;Zlcf -. [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ XZ\gkX X ki}d`k\ M\iYXc JldXi`f \c [`mfiZ`f ZXljXc \e ZfekiX [\ D8I@8 =<IE8E;8 :8@Q8CL@J8 >L<II<IF# \e Zfej\Zl\eZ`X# Xek\ \c aliXd\ekf i\e[`[f [\ Zfe$ ]fid`[X[ Zfe \c 8ikÂ&#x2C6;Zlcf /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p 8ikÂ&#x2C6;Zlcf ((0 [\c :Â?[`^f :`m`c# j\ [`jgfe\ hl\ j\ c\ Z`k\ gfi cX gi\ejX hl\ j\ \[`kX \e \jkX Z`l[X[ p \e \c cl^Xi [\ Z\c\YiXZ`Â?e [\c dXki`$ dfe`f \e ZlXchl`\i [Â&#x2C6;X p _fiX _}Y`c [\ cXYfi\j [\c Alq^X[f# <jZÂ&#x2019;Z_\j\ \e Xl[`\eZ`X [\ gXi`\ek\j gXiX cX [\j`^eXZ`Â?e [\ :liX[fi X[ c`k\d [\c d\efi p ZlÂ&#x201E;ek\j\ Zfe cX fg`e`Â?e [\ lef [\ cfj Al\Z\j [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X% :fe ]le[Xd\ekf \e \c 8ikÂ&#x2C6;Zlcf (( Ef% ( p *# 8ikÂ&#x2C6;Zlcfj ++ p +, 8ikÂ&#x2C6;Zlcf -0 Ef ( p , [\ cX :fejk`klZ`Â?e \e i\cXZ`Â?e Zfe \c 8ikÂ&#x2C6;Zlcf ( p (( [\c :Â?[`^f [\ cX E`Â&#x152;\q# Xc \o`jk`i d\efi [\ \[X[# j\ ]`aX cX g\ej`Â?e gifm`j`feXc Xc`d\ek`Z`X hl\ [\Y\$ i} gXjXi \c [\dXe[Xek\ N`cc`Xe 8[i`Xe 9fjd\[`Xef If[iÂ&#x2C6;^l\q \e cX jldX [\ +(%.) [\c jXcXi`f Y}j`Zf le`]`ZX[f# X gXik`i [\c d\j [\ DXpf [\c [fj d`c feZ\# [\ekif [\ cfj gi`d\ifj Z`eZf [Â&#x2C6;Xj# [\ ZX[X d\j# dXj cfj Y\e\]`Z`fj [\ C\p p \e cX Zl\ekX hl\ dXek`\e\ \c Alq^X[f \e \c 9XeZf [\ >lXpXhl`c% Efk`]Â&#x2C6;hl\j\% = ;I% :<J8I L>8C;< 8I<CC8EF# AL<Q GI@D<IF :@M@C ;< :L<E:8 8 cX Z`kX[X j\ c\ gi\m`\e\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`ccX al[`Z`Xc [\ le 8Yf^X[f [\ cX cfZXc`[X[# gXiX efk`]`ZXZ`fe\j hl\ c\ Zfii\jgfe[X% :l\eZX# d`Â&#x201E;iZfc\j + [\ dXpf [\c )'((% ;i% MÂ&#x2C6;Zkfi :lchl`Zfe[fi 8j`k`dYXp% J<:I<K8I@F ;<C ALQ>8;F GI@D<IF ;< CF :@M@C ;< :L<E:8 ?Xp ]`idX p j\ccf 8I&/*(-/&k]

Ĺ? Ä&#x2021;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä

Ĺ? +. Ĺ? Ä&#x152;Ĺ? [\ cX Z`kX[X C\p I\]fidXkfi`X Xc :Â?[`^f [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X p Xc 8ik% * [\ cX KXYcX [\ G\ej`fe\j 8c`d\ek`Z`Xj DÂ&#x2C6;e`dXj \jkXYc\Z`[X gfi \c :fej\af EXZ`feXc [\ cX E`Â&#x152;\q d\[`Xek\ I\jfclZ`Â?e EÂ&#x2014; '() :EE8$)'(' glYc`ZX[X \e \c I\^`jkif F]`Z`Xc EÂ&#x2014; )*+ [\ (* [\ Alc`f [\ )%'('# j\ ]`aX gifm`$ j`feXcd\ek\ cX jldX [\ :@<EKF KI<@EK8 ;FC8I<J 8D<I@:8EFJ (*'#'' d\ejlXc\j \e ]Xmfi [\ cfj d\efi\j B<M@E I<E< p 8C<O G8KI@:@F KF8G8EK8 >L8D8E# d}j cfj Y\e\]`Z`fj c\^Xc\j# hl\ j\i}e gX^X[Xj gfi d\jX[Xj X[\$ cXekX[Xj X gXik`i [\ cX gi\j\ekX$ Z`Â?e [\ cX [\dXe[X# X kiXmÂ&#x201E;j [\c YXeZf [\ >lXpXhl`c# gXiX cf ZlXc cX XZkfiX gifZ\[X X Xg\ikliXi cX kXia\kX B}i[\o \e cX F]`Z`eX [\ C`hl`[XZ`fe\j [\c Alq^X[f [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X Zfii\jgfe$ [`\ek\%$ I\ZÂ&#x201E;gk\j\ cX :fe]\j`Â?e Al[`Z`Xc [\c [\dXe[X[f \e cX Xl[`\eZ`X Â&#x2019;e`ZX%$ F]Â&#x2C6;Z`\j\ Zfe$ ]fid\ jfc`Z`kX \e \c ]fidlcXi`f [\ [\dXe[X# eld\iXc (*# c`k\iXc Z %$ <e m`ikl[ [\c XikÂ&#x2C6;Zlcf @eeld\iX[f ), [\c :Â?[`^f [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X# j\ fi[\eX cX gif_`Y`$ Z`Â?e [\ jXc`[X [\c gXÂ&#x2C6;j [\c [\dXe$ [X[f AFJ< D8EL<C KF8G8EK8 J@D8CL@J8# gfikX[fi [\ cX ZÂ&#x201E;[lcX [\ `[\ek`[X[ Ef% ',')'(-,0$,# gXiX [`Z_f \]\Zkf f]Â&#x2C6;Z`\j\ X cX ;`i\ZZ`Â?e EXZ`feXc [\ D`^iXZ`Â?e p <okiXea\iÂ&#x2C6;X%$ @eZfigÂ?i\j\ Xc gif$ Z\jf cfj [fZld\ekfj X^i\^X[fj X cX [\dXe[X%$ KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi cX XZkfiX gXiX gfjk\i`fi\j efk`]`$ ZXZ`fe\j%$ EFK@=@HL<J<%$ = ;I% IF9<IKF FK8M8CF :8JKIF# AL<Q 8;ALEKF CF HL< CC<MF 8 JL :FEF:@D@<EKF P C< :@KF# GI<M@E@<E;FC< ;< C8 F9C@>8:@FE ;< J<z8C8I :8J@CC<IF AL;@:@8C G8I8 I<:@9@I JLJ EFK@=@:8:@FE<J% ;I8% 8DG8IF K8G@8 I% J<:I<K8I@8 8;ALEK8 ;<C ALQ>8;F ;<:@DF GI@D<IF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 8%G%&+0*/(&b%d%

D<EFI<J ALQ>8;F ;<:@DF GI@D<IF 8;ALEKF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF :@K8:@FE A L;@:@8C1 AFJ< D8EL<C KF8G8EK8 J@D8CL@J8 <OKI8:KF AL;@:@8C 8:KFI81 D8I@8 :8ID<E >L8D8E DLQF ;<D8E;8;F1 AFJ< D8EL<C KF8G8EK8 J@D8CL@J8 D<EFI<J1 B<M@E I<E< p 8C<O G8KI@:@F KF8G8EK8 >L8D8E KIĂ?D@K<1 8C@D<EKFJ Ef% (,)0$ )'('$8K :L8EK@81 +%/'' LJ; GIFM@;<E:@81 ALQ>8;F ;<:@DF GI@D<IF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# al\m\j , [\ dXpf )'((# cXj (-_)(% M@JKFJ1 Gfi Zldgc`[fj cfj i\hl`j`kfj \jkX$ Yc\Z`[fj \e \c 8ik% -. [\c :Â?[`^f 8[a\k`mf :`m`c# cX [\dXe[X hl\ Xek\Z\[\# \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj \o`^`[fj gfi cX C\p2 \e Zfej\Zl\eZ`X# j\ X[d`k\ X ki}d`k\ gi\m`jkf \e cX C\p I\]fidXkfi`X Xc :Â?[`^f [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X glYc`ZX[X \e \c I%F%J% -+* [\ )/ [\ Alc`f [\ )%''0%$ :@K<J< Xc j\Â&#x152;fi AFJ< D8EL<C KF8G8EK8 J@D8CL@J8 gfi cX gi\ejX# Zfe]fi$ d\ cf gi\mÂ&#x201E; \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# `eZ`jf gi`$ d\if2 \ekiÂ&#x201E;^l\j\ \okiXZkf gXiX cXj Zfii\jgfe[`\ek\j glYc`ZXZ`fe\j2 gi\m`e`Â&#x201E;e[fc\ Xc [\dXe[X[f [\ cX fYc`^XZ`Â?e [\ ZfdgXi\Z\i X al`Z`f YXaf gi\m\eZ`fe\j [\ Zfek`elXi cX ZXljX \e i\Y\c[Â&#x2C6;X# j\Â&#x152;XcXe[f [fd`Z`c`f al[`Z`Xc gXiX i\Z`Y`i jlj efk`]`ZXZ`fe\j%$ 8^iÂ&#x201E;^l\j\ Xc gif$ Z\jf cX [fZld\ekXZ`Â?e gi\j\ekX[X gfi cX XZZ`feXek\ j\^Â&#x2019;e ZfejkX [\ cX iXqÂ?e j\ekX[X gfi cX J\Zi\kXi`X [\ \jkX Al[`ZXkliX%$ :fe]fid\ X cfj XikÂ&#x2C6;Zlcfj @eeld\iX[fj 0 p *,

I% ;<C <% ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 :@K8:@äE AL;@:@8C1 G8;I<J# =8D@C@8I<J F KLKFI<J ;<C E@zF 8E><C E@:FC8J D<E8 8E;I8;< <OKI8:KF :8LJ81 ;<:C8I8KFI@8 ;< 8;FGK89@C@;8; AL@:@F Ef% (.0-'$)'('$(*0.$@%J% 8:KFI1 ?<ID8E8 D8I@8 ;<C :@JE< M<>8 I8D@I<Q ; < D 8 E ;8 ; F 1 G8 ; I < J # =8D@C@8I<J F KLKFI<J ;<C E@zF 8E><C E@:FC8J D<E8 8E;I8;< :L8EK@81 @E;<K<ID@E8;8 AL<Q1 ;I% ><ID8E >I8E;<J 8E8CL@J81 ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# al\m\j )* [\ efm`\dYi\ [\c )'('# cXj '0_(/1 M@JKFJ1 <e ZXc`[X[ [\ Al\q 8[alekf [\ \jk\ Alq^X[f# d\[`Xek\ I\jfclZ`Â?e [\c :fej\af EXZ`feXc [\ cX Al[`ZXkliX Ef% ',*$)'('# glYc`ZX[X \e \c I\^`jkif F]`Z`Xc Ef% )-+ [\ ), [\ 8^fjkf [\c )'('# 8MF:F ZfefZ`$ d`\ekf \e cX gi\j\ek\ ZXljX% <e cf gi`eZ`gXc2 j\ [`jgfe\ cf j`^l`\e$ k\1 ( :fe]fid\ \c 8ik% )-/%( [\c :Â?[`^f [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X# cX ;@E8G<E p cX F]`Z`eX KÂ&#x201E;Ze`ZX [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X Ef% )# Xj`^eX[X X \jkX Al[`ZXkliX# i\Xc`$ Z\e cXj `em\jk`^XZ`fe\j e\Z\jXi`Xj gXiX `[\ek`]`ZXi p lY`ZXi cX i\j`$ [\eZ`X [\ cfj GX[i\j p GXi`\ek\j Y`fcÂ?^`Zf [\c e`Â&#x152;f `[\ek`]`ZX[f Zfdf 8E><C E@:FC8J D<E8 8E;I8;< XÂ&#x2019;e ef `ejZi`kf \e \c I\^`jkif :`m`c # k\e[`\ek\ X jl i\`ej\iZ`Â?e X jl ]Xd`c`X Y`fcÂ?^`ZX% ) :fdf d\[`[X [\ gifk\ZZ`Â?e K\dgfiXc \e ]Xmfi [\c d\efi# j\

Ä&#x192;

[`jgfe\ jl g\idXe\eZ`X \e \c Ă&#x2C6;?F>8I ;< E@zFJ J8EK8 CL:@8Ă&#x2030; [\ \jkX Z`l[X[ [\ Hl`kf# Zfe]fid\ cf jfc`Z`kX cX ?eX% DXiÂ&#x2C6;X [\c :`je\ M\^X IXdÂ&#x2C6;i\q# \e \c \jZi`kf `e`$ Z`Xc2 \jkf [\ dXe\iX \d\i^\ek\ p kiXej`kfi`X# i\Zfi[Xe[f X cX \ek`$ [X[ i\jgfejXYc\ jlj fYc`^XZ`fe\j gi\m`jkXj \e \c `eZ`jf )[f% [\c 8ik% )*) [\c :E8% KÂ&#x201E;e^Xj\ \e Zl\e$ kX \c ZXj`cc\if al[`Z`Xc [\j`^eX[f gfi cX g\k`Z`feXi`X# \e jl ZXc`[X[ `emfZX[X XjÂ&#x2C6; Zfdf cX Xlkfi`qXZ`Â?e Zfe]\i`[X X jlj 8Yf^X[f [\]\e$ jfi%$ EFK@=@HL<J<%$ F=@:<J< P :LDGC8J< GIFM@;<E:@81 ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# al\m\j (. [\ dXiqf [\c )'((# cXj ((_'( M@JKFJ%$ Gfi _XY\i [\ZcXiX[f YXaf aliXd\ekf cX ?eX% D8I@8 ;<C :@JE< M<>8 I8D@I<Q# jfYi\ \c [\jZfefZ`$ d`\ekf [\ cfj GX[i\j# ]Xd`c`Xi\j f klkfi\j [\c e`Â&#x152;f 8E><C E@:FC8J D<E8 8E;I8;<# [\ Zfe]fid`$ [X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ [`jgfe\ Z`kXi gfi cX gi\e$ jX Zfe \c Zfek\e`[f [\c Xlkf [\ ZXc`]`ZXZ`Â?e p \jkX gifm`[\eZ`X X cfj GX[i\j# ]Xd`c`Xi\j f klkfi\j [\c e`Â&#x152;f 8E><C E@:FC8J D<E8 8E;I8;<# d\[`Xek\ ki\j glYc`$ ZXZ`fe\j hl\ j\ _Xi}e \e ]\Z_Xj [`jk`ekXj# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX Gifm`eZ`X%$ J` ZfekX[fj m\`ek\ [Â&#x2C6;Xj X gXik`i [\ cX ]\Z_X [\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e# ef ZfdgXi\Z`\i\# j\ j\^l`i} Zfe cX ZXljX \e jl i\Y\c[Â&#x2C6;X%$ Efk`]Â&#x2C6;hl\j\ p :Â&#x2C6;k\j\%$ %%%% ] % ;I% >\id}e >iXe[\j 8eXcl`jX# Al\q 8[alekf% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc gXiX jlj ]lkl$ iXj efk`]`ZXZ`fe\j [\c al`Z`f%$ :\ik`]`Zf% ;I8% D@I@8E IF;I@>L<Q EF>8C<J J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&.0.*0&k]

I% ;<C <% ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8C J<zFI =89@8E 8E@98C :?@:8@Q8 :8D8CC< <OKI8:KF :8LJ81 8C@D<EKFJ AL@:@F Ef% (.0-'$)''0$(*,- $@%J% 8:KFI1 <E;8I8 D8I@8 D8>;8C<E8 ; < D 8 E ;8 ; F 1 : ? @ :8 @ Q 8 :8D8CC< =89@8E 8E@98C :L8EK@81 @E;<K<ID@E8;81 AL<Q1 ;I% ><I8I;F I8DFJ >FEQ8C<Q ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# d`Â&#x201E;iZfc\j )* [\ [`Z`\dYi\ [\c )''0# cXj ((_+0%$ M@JKFJ1 <e d` ZXc`[X[ [\ Al\q k`klcXi [\ \jk\ Alq^X[f p \e m`ikl[ [\c i\jfik\f i\Xc`qX[f# 8MF:F# ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX%$ <e cf gi`e$ Z`gXc# cX [\dXe[X [\ 8C@D<EKFJ hl\ Xek\Z\[\ \j ZcXiX gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj \jkXYc\Z`$ [fj \e \c 8ik% -. [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# \e Zfej\$ Zl\eZ`X j\ cX XZ\gkX Xc ki}d`$ k\ \jkXYc\Z`[f \e \c 8ik% ).( p j`^l`\ek\j [\c :Â?[`^f [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X# gfi cf hl\ [`jgfe$ ^f%$ ( :@K<J< Zfe \c :fek\e`[f [\ cX [\dXe[X p Xlkf i\ZXÂ&#x2C6;[f Xc j\Â&#x152;fi :?@:8@Q8 :8D8CC< =89@8E 8E@98C \e \c [fd`Z`c`f `e[`ZX[f%$ ) J\ c\ gi\m`\e\ Xc [\dXe[X[f [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;X$ cXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`]`ZXZ`fe\j% * :fe]fid\ X cfj 8ikj% 0 (*+ p *, (+.%(* p ,kX% ;`jgfj`Z`Â?e KiXej`kfi`X [\ cX Z`kX$ [X c\p I\]fidXkfi`X Xc :Â?[`^f [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X p X cX kXYcX [\ G\ej`fe\j 8c`d\ek`Z`Xj DÂ&#x2C6;e`dXj# \jkXYc\Z`[X gfi \c :fej\af EXZ`feXc [\ cX E`Â&#x152;\q d\[`Xe$ k\ I\jfclZ`Â?e Ef% '(+$:EE8$ )''0# glYc`ZX[X \e \c I\^`jkif F]`Z`Xc Ef% +) [\ . [\ FZklYi\ [\c )''0%# j\ ]`aX \e cX jldX [\ J<J<EK8 P :@E:F ;FC8I<J % -,#'' # cX g\ej`Â?e Xc`d\ek`Z`X GIFM@J@FE8C hl\ gfi d\jX[Xj X[\cXekX[Xj p X gXik`i [\ cX gi\$ j\ekXZ`Â?e [\ cX [\dXe[X# \c XZZ`f$ eX[f gi`eZ`gXc [\Y\i} ZXeZ\cXi X ]Xmfi [\c d\efi <JK<=8EF G8LC :?@:8@Q8 <E;8I8# ZlpX gXik`[X [\ EXZ`d`\ekf _X j`[f X[alekX$ [X%$ +%$ ?}^Xj\ ZfefZ\i \jk\ 8lkf X cX F]`Z`eX [\ I\ZXl[XZ`fe\j X ]`e [\ hl\ XccÂ&#x2C6; j\ gifZ\[X X XYi`i

Ĺ? Ĺ?

Ĺ?


Ĺ? Ĺ?

Ĺ?

Ä&#x2026;

Ĺ? Ä&#x2021;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä

Ĺ? +. Ĺ? Ä&#x152;Ĺ?

cX KXia\kX Zfii\jgfe[`\ek\# j`e g\ial`Z`f [\ kfdXij\ \e Zl\ekX cX [\k\id`eXZ`Â?e hl\ cX XZkfiX _Xi} [\ jl :l\ekX [\ 8_fiifj \e \c 9XeZf [\ >lXpXhl`c \e cX hl\ j\i}e [\gfj`kX[Xj cXj g\ej`fe\j Xc`d\ek`Z`Xj%$ , 8^iÂ&#x201E;^l\ej\ cX [fZld\ekXZ`Â?e X[alekX% - KÂ&#x201E;e^Xj\ \e Zl\ekX cX ZXj`ccX al[`Z`Xc j\Â&#x152;XcX[X gfi cX XZkfiX%$ . CX gXik\ `ek\i\jX[X gi\jk\ cXj ]XZ`c`[X[\j e\Z\jXi`Xj gXiX \em`Xi cXj Zfg`Xj i\jg\Zk`mXj X cX F]`Z`eX [\ :`kXZ`fe\j%$ EFK@=@HL<J<%$ P :@K<J< GIFM@;<E:@8 ALQ>8;F ;<:@DF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# d`Â&#x201E;iZfc\j + [\ dXpf [\c )'((# cXj ('_(*%$M@JKFJ%$ <e ZXc`[X[ [\ Al\q K`klcXi [\ \jk\ Alq^X[f# 8MF:F ZfefZ`d`\ekf [\ekif [\ cX gi\j\ek\ ZXljX%$ Gfi _XY\i [\ZcXiX[f# YXaf aliXd\ekf cX XZkfiX D8I@8 D8>;8C<E8 <E;8I8# jfYi\ \c [\jZfefZ`d`\e$ kf [\c XZklXc [fd`Z`c`f [\c [\dXe$ [X[f =89@8E 8E@98C :?@:8@Q8 :8D8CC<# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ [`jgfe\ Z`kXi gfi cX gi\ejX Zfe \c Zfek\e`[f [\c Xlkf [\ ZXc`]`ZXZ`Â?e p \jkX gif$ m`[\eZ`X# Xc j\Â&#x152;fi =89@8E 8E@98C :?@:8@Q8 :8D8CC<# d\[`Xek\ ki\j glYc`ZXZ`fe\j hl\ j\ _Xi}e \e ]\Z_Xj [`jk`ekXj# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX Gifm`eZ`X%$ J` ZfekX[fj m\`ek\ [Â&#x2C6;Xj X gXik`i [\ cX ]\Z_X [\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e# ef ZfdgXi\Z`\i\# j\ j\^l`i} Zfe cX ZXljX \e jl i\Y\c$ [Â&#x2C6;X%$ Efk`]Â&#x2C6;hl\j\ p :Â&#x2C6;k\j\%$ ] ;i% >\iXi[f IXdfj# Al\q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;X$ cXi [fd`Z`c`f al[`Z`Xc gXiX jlj ]lkliXj efk`]`ZXZ`fe\j [\c al`Z`f% :\ik`]`Zf% ;I8% 9<KKP 8P8C8 >I8E;8 J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&(('00&k]

ALQ>8;F K<I:<IF ;< C8 E@z<Q P C8 8;FC<J:<E:@8 ;< G@:?@E:?8 F]% Ef% )+-$ AKE8% JDDJ\ Hl`kf% ) [\ ale`f [\c 8Â&#x152;f )'(( :XljX Ef ++0'+$(00/ J\Â&#x152;fi ;@I<:KFI ;<C ;@8I@F C8 ?FI8 Gi\j\ek\% ;\ekif [\c Al`Z`f [\ Xc`d\ekfj j\^l`[f gfi cX j\Â&#x152;fiX D8I@8 ;< CFLI;<J :8KFK8 :<M8CCFJ \e ZfekiX [\c j\Â&#x152;fi I8LC <;L8I;F :8C8?FII8EF >L<II8 _Xp cf j`^l`\ek\1 8:KFI81 D8I@8 ;< CFLI;<J :8KFK8 :<M8CCFJ ;<D8E;8;F1 I8LC <;L8I;F :8C8?FII8EF >L<II8 D<EFI1 ;8M@; <;L8I;F :8C8?FII8EF :8KFK8 :8LJ8 8C@D<EKFJ ELD<IF% ++0'+$(00/ ALQ>8;F K<I:<IF ;< C8 E@z<Q P C8 8;FC<J:<E:@8 ;<C :8EKFE HL@KF Hl`kf# m`\i$ e\j (( [\ dXiqf [\c )%'(($ CXj (+?*'%$M@JKFJ1 8mfZX ZfefZ`$ d`\ekf [\ cX gi\j\ek\ ZXljX \c ;i% =\ieXe[f GXlZXi Al\q <eZXi^X[f [\c Alq^X[f K\iZ\if [\ cX E`Â&#x152;\q p cX 8[fc\jZ\eZ`X j\^Â&#x2019;e XZZ`Â?e [\ g\ijfeXc EF% *-'$ ;G Ă&#x2020; ;GG [\ (. [\ ]\Yi\if [\c XÂ&#x152;f )'((% %$ <e cf gi`eZ`gXc cX [\dXe[X [\ @E:@;<EK< ;< 8LD<EKFJ ;< G<EJ@FE 8C@D<EK@:@8 gi\j\e$ kX[X gfi cX j\Â&#x152;fiX D8I@8 ;< CFLI;<J :8KFK8 :<M8CCFJ j\ cX ZXc`]`ZX [\ ZcXiX# Zfdgc\kX p [\ i\le`i cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX X jl ki}d`$ k\ c\^Xc Zfii\jgfe[`\ek\% Gi\m`X cX [\ZcXiXZ`Â?e [\ [\jZfefZ\i \c [fd`Z`c`f [\c [\dXe[X[f j\Â&#x152;fi I8LC <;L8I;F :8C8?FII8EF >L<II8%$% ;\ Zfe]fid`[X[ Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# glYcÂ&#x2C6;hl\j\ gfi lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX cfZXc`[X[# X ]`e [\ [Xi Zfe \c [fd`Z`c`f f i\j`[\e$ Z`X [\c j\Â&#x152;fi I8LC <;L8I;F :8C8?FII8EF >L<II8# X[m`i$ k`Â&#x201E;e[fc\ hl\ [\Y\ ZfdgXi\Z\i X al`Z`f# j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc p&f [`i\ZZ`Â?e [\c Zfii\f \c\ZkiÂ?e`$ Zf p XeleZ`Xi cXj gil\YXj i\jg\Z$ k`mXj Zfe]fid\ [`jgfe\ \c `eZ`jf ]`eXc [\c 8ik% @eeld\iX[f *+ [\ cX C\p I\]fidXkfi`X Xc KÂ&#x2C6;klcf Hl`ekf# C`Yif J\^le[f [\c :Â?[`^f [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X# \e ZXjf [\ ef ZfdgXi\Z\i j\ gifZ\[\i} \e i\Y\c[Â&#x2C6;X%$ KÂ&#x201E;e^Xj\ \e Zl\ekX cX gil\YX XeleZ`X[X1 f]Â&#x2C6;Z`\j\ kXc Zfdf j\ jfc`Z`kX2 cXj [`c`^\e$

Z`Xj jfc`Z`kX[Xj j\ i\Xc`qXi}e \c dfd\ekf [\ cX 8l[`\eZ`X Â&#x2019;e`ZX%$ KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`$ Z`Xc j\Â&#x152;XcX[f gfi cX XZkfiX% j\Â&#x152;f$ iX D8I@8 ;< CFLI;<J :8KFK8 :<M8CCFJ%$ EFK@=@HL<J< P :@K<J<% EFK@=@HL<J< P :@K<J<% = ;i% =<IE8E;F G8L:8I%$ Al\q <eZXi^X[f%$ Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p% ;I8% CL:@8 <E:8C8;8 J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&(('0(&k]

I% ;<C <% :@K8:@äE AL;@:@8C J<:I<K8I@8 ;<C ALQ>8;F GI@D<IF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF 8C J<zFI =I8EBC@E 8C<A8E;IF <E:8C8;8 >I8E;8# C< ?8>F J89<I ;< C8 J@>L@<EK< ;<D8E;8 <OKI8:KF :8LJ81 @E:@;<EK< ;< 8LD<EKF ;< G<EJ@FE 8C@D<EK@:@8 ((')()$(000$:9 8:KFI81 LI>@C<J D<E;<Q D<IP :8ID<C8% ;<D8E;8;F1 <E:8C8;8 >I8E;8 = I 8 E B C @ E 8C<A8E;IF D<EFI<J B8IFC P<JJ<E@8 P M@M@8E8 C@Q9<K? <E:8C8;8 LI>@C<Q :L8EK@81 @E;<K<ID@E8;8 AL<Q1 ALQ>8;F GI@D<IF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;<C :8EKFE HL@KF <e \c Al`Z`f :fek\eZ`fjf >\e\iXc& Z`m`c Ef% (.0,($(000$((')() hl\ j`^l\ LI>@C<J D<E;<Q D<IP :8ID<C8 \e ZfekiX [\ <E:8C8;8 >I8E;8 =I8EBC@E 8C<A8E;IF# _Xp cf j`^l`\ek\1 GIFM@;<E:@8 ALQ>8;F GI@D<IF ;< E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8%$ Hl`kf# m`\ie\j )) [\ fZklYi\ [\c )'('# cXj (,_)0%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\ _XY\ij\ i\jl\ckf cX ZXljX gi`eZ`gXc%$CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ j\ cX XZ\gkX X ki}d`k\% <e m`jkX [\ hl\ cX g\k`Z`feXi`X [\ZcXiX YXaf aliXd\ekf [\jZfefZ\i \c [fd`Z`$ c`f [\ cX [\dXe[X[X p g`[\ j\ c\ Z`k\ gfi cX gi\ejX# \jk\ Alq^X[f Zfe ]le[Xd\ekf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c m`^\ek\# [`jgfe\ Z`kXi Zfe \c Zfek\$ e`[f [\ cX [\dXe[X p \jk\ [\Zi\kf Xc j\Â&#x152;fi =I8EBC@E 8C<A8E;IF <E:8C8;8 >I8E;8# gfi lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\c gXÂ&#x2C6;j# d\[`Xek\ ki\j glYc`ZX$ Z`fe\j \e [Â&#x2C6;Xj [`]\i\ek\j# X[m`i$ k`Â&#x201E;e[fc\ hl\ [\Y\ ZfdgXi\Z\i X al`Z`f# j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc p&f [`i\ZZ`Â?e [\c Zfii\f \c\ZkiÂ?e`$ Zf p XeleZ`Xi cXj gil\YXj i\jg\Z$ k`mXj Zfe]fid\ [`jgfe\ \c `eZ`jf ]`eXc [\c 8ik% @eeld\iX[f *+ [\ cX C\p I\]fidXkfi`X Xc KÂ&#x2C6;klcf Hl`ekf# C`Yif J\^le[f [\c :Â?[`^f [\ cX E`Â&#x152;\q p 8[fc\jZ\eZ`X# \e ZXjf [\ ef ZfdgXi\Z\i j\ gifZ\[\i} \e i\Y\c[Â&#x2C6;X%$ :fe jla\Z`Â?e X cf gi\m`jkf \e \c 8ik% `eeld\iX[f *, [\c @emfZX[f :l\igf C\^Xc# p XdgXiX[f \e cX KXYcX [\ G\ej`fe\j 8c`d\ek`Z`Xj DÂ&#x2C6;e`dXj [`ZkX[Xj gfi \c :fej\af EXZ`feXc [\ cX E`Â&#x152;\q gfi ZlXekf ef _X XZi\[`kX$ [f cX i\dle\iXZ`Â?e d\ejlXc [\c [\dXe[X[f# Xc j\Â&#x152;fi =I8EBC@E 8 C < A8 E ; I F < E : 8 C 8 ;8 >I8E;8# j\ c\ `dgfe\ cX fYc`$ ^XZ`Â?e [\ jld`e`jkiXi cX ZXek`[X[ [\ :@<EKF F:?<EK8 ;FC8I<J D<EJL8C<J# dXj cfj Zfii\jgfe$ [`\ek\j Y\e\]`Z`fj c\^Xc\j# \e Zfe$ Z\gkf [\ Xc`d\ekfj gifm`j`feXc\j X ]Xmfi [\ cfj d\efi\j1 B8IFC P<JJ<E@8 P M@M@8E8 C@Q9<K? <E:8C8;8 LI>@C<Q# F]Â&#x2C6;Z`\j\ Xc j\Â&#x152;fi GX^X[fi [\c @JJ=8 gXiX jl Zldgc`d`\ekf p f]Â&#x2C6;Z`\j\ X ]`e [\ hl\ Z\ik`]`hl\ cX g\ej`Â?e alY`cXi [\c j\Â&#x152;fi =I8EBC@E 8C<A8E;IF <E:8C8;8 >I8E;8# XjÂ&#x2C6; Zfdf jfc`Z`kX# X^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e XgXi\aX[X X cX [\dXe[X p kÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi cX XZkfiX%$EFK@=@HL<J<% ] %$ ;I% AFJ< D8I@8 ;LI8E GFE:<# AL<Q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p HL@KF 8 '+ ;< EFM@<D9I< ;<C )'('% ;I8% A@D<E8 >8I:@8 P8E:< J<:I<K8I@8 < ?Xp ]`idX p j\ccf 8:&(((',&k]

Ĺ?

<A<:LK@MFJ I\gÂ&#x2019;Yc`ZX [\c <ZlX[fi <OKI8:KF AL;@:@8C ALQ>8;F ;y:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 D8EL<C =CFI<JD@CF J@D98z8 D<;@E8 AL@:@F1 <A<:LK@MF Ef% (-'+$ )'('$BD 8:KFI1 ;i% Cl`j =\ieXe[f DXikÂ&#x2C6;e\q 9Xii\ef# GifZliX[fi Al[`Z`Xc [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf Ă&#x2C6;:FFGIF>I<JF CK;8%Ă&#x2030; ; < D 8 E ;8 ; FJ 1 D 8 E L < C =CFI<JD@CF J@D98z8 D<;@E8# D8I@8 IFJ8I@F G@CC8AF J8C8Q8I p AFI>< C@Q8E;IF <JKLG@z8E DFI<EF F9A<KF1 F9K<E<I <C G8>F KFK8C ;< C8 F9C@>8:@äE HL< 8J:@<E;< 8 C8 JLD8 ;< LJ;% +'''#''# @EK<I<J<J M<E:@;FJ P ;< DFI8# K8J8J AL;@:@8C<J# :FD@J@äE ;< LE J<OKF GFI :@<EKF ;<C @DGFIK< ;<C :8G@K8C# :FJK8J GIF:<J8C<J P ?FEFI8I@FJ GIF=<J@FE8C<J ;<C ;<=<EJFI ;<C 8:KFI KI8D@K<1 <A<:LK@MF :L8EK@81 J@<K< D@C ;FC8I<J ;< CFJ <JK8;FJ LE@;FJ ;< 8D<I@:8% G I F M @ ; < E : @ 8 ALQ>8;F ;<:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# m`\ie\j * [\ [`Z`\dYi\ [\c )'('# cXj ((_*/% M@JKFJ1 8mfZf ZfefZ`$ d`\ekf [\ cX ZXljX \e ZXc`[X[ [\ Al\q Jlgc\ek\ Zfe]fid\ Xc F]`Z`f Ef% 0).$;G$;;G$A8I$'. [\ , [\ [`Z`\dYi\ [\ )''. p \e m`ikl[ [\c jfik\f gi\Z\[\ek\% CX [\dXe[X \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`$ kfj [\ C\p% Gfi Zfej`^l`\ek\# [\ XZl\i[f X cf gi\Z\gklX[f \e \c 8ik% +)( [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ [`jgf$ e\ hl\ cfj j\Â&#x152;fi\j D8EL<C =CFI<JD@CF J@D98z8 D<;@E8# \e ZXc`[X[ [\ [\l[fi gi`eZ`gXc2 p# D8I@8 IFJ8I@F G@CC8AF J8C8Q8I p AFI>< C@Q8E;IF <JKLG@z8E DFI<EF# \e ZXc`[X[ [\ ^XiXek\j jfc`[Xi`fj [\c gi`d\if# ZldgcXe jl fYc`^XZ`Â?e f gifgfe^X \oZ\gZ`f$ e\j \e \c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj% :Â&#x2C6;k\j\ X cfj [\dXe[X[fj \e cfj cl^Xi\j `e[`ZX[fj# gXiX Zlpf \]\Zkf j\ Zfd`j`feX X cfj j\Â&#x152;fi\j K\e`\ek\j GfcÂ&#x2C6;k`Zfj [\ cXj gXiif$ hl`Xj KldYXZf p Gl\dYf# i\jg\Z$ k`mXd\ek\# X hl`\e\j j\ \em`Xi}e jl]`Z`\ek\ [\jgXZ_f% KÂ?d\j\ \e Zl\ekX \c [fd`Z`c`f al[`Z`Xc j\Â&#x152;XcX[f gfi \c XZkfi p X^iÂ&#x201E;^l\j\ cfj [fZld\ekfj X[alekfj% Gfi J\Zi\kXiÂ&#x2C6;X# [\j^cÂ?$ j\j\ cX [fZld\ekXZ`Â?e jfc`Z`kX[X gi\m`f Zfg`Xj p i\Z`Yf \e Xlkfj p \ekiÂ&#x201E;$ ^l\j\ Xc XZkfi% Efk`]Â&#x2C6;hl\j\% = ;i% IlYÂ&#x201E;e :\mXccfj =XYXiX% AL<Q% ALQ>8;F ;<:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# al\m\j )/ [\ XYi`c [\c )'((# cXj '0_*)%$ M`jkX cX iXqÂ?e j\ekX[X gfi \c j\Â&#x152;fi K\e`\ek\ GfcÂ&#x2C6;k`Zf [\ cX gXiifhl`X KldYXZf p Xk\ekf \c aliXd\e$ kf i\e[`[f gfi \c XZkfi# ZÂ&#x2C6;k\j\ Xc [\dXe[X[f j\Â&#x152;fi D8EL<C =CFI<JD@CF J@D98z8 D<;@E8 d\[`Xek\ ki\j glYc`ZXZ`fe\j [\ gi\ejX# ZX[X leX [\ \ccXj \e ]\Z_X [`jk`ekX# \e lef [\ cfj [`Xi`fj [\ Xdgc`X Z`iZlcXZ`Â?e \e cX Z`l[X[ [\ Hl`kf p \e cX ]fidX gi\m`j$ kX gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% Efk`]Â&#x2C6;hl\j\%$ ] ;i% IlYÂ&#x201E;e :\mXccfj =XYXiX% Al\q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`$ ]`ZXZ`fe\j hl\ c\ Zfii\jgfe[Xe% :\ik`]`Zf% ;i% E`cf >feqXcf 8cdXZ_`%

I_ gk[h[cei ]epWh bW fWp" Z[X[cei l[bWh X_[d bWi WhcWi1 i_ Z[fed[cei bWi WhcWi de j[dZh[cei `Wc|i fWp$ C7H9E JKB?E 9?9;HâD J<:I<K8I@F ;<C ALQ>8;F ;<:@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&.00-*&k]4

I<GL9C@:8 ;<C <:L8;FI ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF :@K8:@FE AL;@:@8C 8C J<zFI <;>8I M@CC8D8I >FD<Q 8:KFI1 ;I8% ><8E 8>L@II< 9<E8C:8Q8I GIF:LI8;FI8 AL;@:@8C ;<C 98E:F ;< >L8P8HL@C J18% ;<D8E;8;FJ1 <;>8I ?<IE8E M@CC8D8I >FD<Q# DFE@:8 JFC<;8; <JKI<CC8 :8;<E8 AL@:@F <A<:LK@MF Ef% (*,0$ )'('$ ;% :<M8CCFJ% :8J@CC8 AL;@:@8C Ef +*( ;<=<EJFI1 ;I% <JK<98E :8II<I8 GIFM@;<E:@81 ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# al\m\j )/ [\ fZklYi\ [\c )'('# cXj (,_'/%$ M@JKFJ1 CX [\dXe[X hl\ Xek\$ Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x201C;e\ cfj [\d~j i\hl`j`kfj [\ ]fidX gi\m`jkfj gfi cX C\p%$ <e Zfej\$ Zl\eZ`X# [\j\ \c ki~d`k\ \a\Zlk`mf jfc`Z`kX[f gXiX cf ZlXc cfj \a\Zl$ kX[fj j\Â&#x152;fi\j <;>8I ?<IE8E M@CC8D8I >FD<Q P DFE@:8 JFC<;8; <JKI<CC8 :8;<E8# \e cXj ZXc`[X[\j `emfZX[Xj# ZldgcXe Zfe cX fYc`^XZ`Â&#x17D;e [\dXe[X[X f gifgfe^Xe \oZ\gZ`fe\j \e \c kÂ&#x2026;i$ d`ef [\ ki\j [Â&#x2030;Xj%$ ;\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% +)) [\c :Â&#x17D;[`^f [\ GifZ\[`d`\ekf :`m`c# p cX `e]fidXZ`Â&#x17D;e jldXi`X X[ale$ kX# fi[Â&#x2026;eXj\ \c j\Zl\jkif [\ cfj Y`\e\j dl\Yc\j p d~j \ej\i\j [\ gifg`\[X[ [\ cfj [\dXe[X[fj hl\ cfj k`\e\ \e \c `edl\Yc\ lY`ZX[f \e cX ZXcc\ J~eZ_\q [\ 8m`cX Ef% )*+# ZXjX ) p 8m% EXZ`fe\j Le`[Xj# [\ \jkX Z`l[X[ [\ Hl`kf# _XjkX gfi cX jldX [\c ZXg`kXc X[\l[X[f d~j le [`\q gfi Z`\ekf% GXiX cX gi~Zk`ZX [\ \jkX [`c`^\eZ`X %$ :Â&#x2030;k\j\ X cfj [\dXe[X[fj \e cfj cl^Xi\j `e[`ZX$ [fj%$ :lÂ&#x2026;ek\j\ \e \jkX ZXljX Zfe cX ;iX% >\Xe 8^l`ii\ 9\eXcZ~qXi# \e cX ZXc`[X[ `emfZX[X%$ KÂ&#x17D;d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f%$ Efk`]Â&#x2030;hl\j\%$ ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j - [\ dXpf [\c )'((# cXj '/_+*%$ 8^iÂ&#x2026;^l\j\ X cfj Xlkfj \c \jZi`kf hl\ Xek\Z\[\%$ <e cf gi`eZ`gXc# Xk\ekf \c aliXd\ekf hl\ k`\e\

i\e[`[f cX XZkfiX# [\ Zfe]fid`$ [X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :Â&#x17D;[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2030;k\j\ Xc [\dXe[X[f <[^Xi M`ccXdXi >Â&#x17D;d\q# gfi cX gi\ejX# \jkf \j \e lef [\ cfj g\i`Â&#x17D;[`$ Zfj [\ dXpfi Z`iZlcXZ`Â&#x17D;e hl\ j\ \[`kX \e \jkX Z`l[X[ [\ Hl`kf%$ Efk`]Â&#x2030;hl\j\%$ ;I% 8C=I<;F >I@A8CM8 DLzFQ% AL<Q% Cf hl\ gfe^f \e ZfefZ`d`\ekf Xc gÂ&#x2019;Yc`Zf \e ^\e\iXc# gXiX cfj ]`e\j c\^Xc\j Zfii\jgfe[`\ek\j% ;i% GXYcf Kfif :Xii`ccf J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&(('0,&k]

I<GL9C@:8 ;<C <:L8;FI ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF :@K8:@FE AL;@:@8C 8 C8J J<zFI8J B<CCP D8LIP IFDF :?8G8 P ;<:J@ EF<DĂ DFI<@I8 D8:@8J% 8:KFI1 ;I% =I8E:@J:F :8II<I8 ;LI8E GIF:LI8;FI AL;@:@8C ;<C 98E:F ;< G@:?@E:?8 :%8% ;<D8E;8;FJ1 B<CCP D8LIP IFDF :?8G8 P ;<:J@ EF<DĂ DFI<@I8 D8:@8J% AL@:@F <A<:LK@MF Ef% (+/)$ )''0 D% >fi[Â?e :% :8J@CC8 AL;@:@8C Ef +*( ;<=<EJFI1 ;I% =I8E:@J:F :8II<I8% GIFM@;<E:@81 ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ HL@KF# '/ [\ =\Yi\if [\c )'('# cXj (,_*,%$ M@JKFJ1 :fe ]le[Xd\ekf \e \c 8ik% .' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# cX i\]fidX \]\ZklX[X X cX [\dXe[X \j ZcXiX p i\le\ cfj [\d}j i\hl`j`kfj [\ ]fidX gi\$ m`jkfj gfi cX C\p# gfi cf hl\ j\ c\ X[d`k\ X ki}d`k\%$ :fe cX [\dXe$ [X `e`Z`Xc p gifm`[\eZ`X i\ZX`[X \e \ccX# XjÂ&#x2C6; Zfdf \c \jZi`kf [\ i\]fidX X cX [\dXe[X p Â&#x201E;jkX gifm`[\eZ`X j\ Zfii\ kiXjcX[f X B<CCP D8LI@ IFDF :?8G8 p ;<:J@ EF<DĂ DFI<@I8 D8:@8J gXiX hl\ gX^l\e cX fYc`^XZ`Â?e f gifgfe^Xe \oZ\gZ`fe\j \e \c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj%$ <e dÂ&#x201E;i`kf X cX gil\YX `ej$ kild\ekXc hl\ j\ XZfdgXÂ&#x152;X p Zfe ]le[Xd\ekf \e cfj 8ikj% +)* p ++, [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c j\ [`jgfe\ \c \dYXi^f [\c XgXi$ kXd\ekf Ef% 0# XcÂ&#x2C6;ZlfkX gXiZ`Xc +%*0# J\ZX[\if 0# XcÂ&#x2C6;ZlfkX gXiZ`Xc '%(-# <jkXZ`feXd`\ekf (,# XcÂ&#x2C6;ZlfkX

CONVOCATORIA A JUNTA GENERAL ORDINARIA DE ACCIONISTAS DE INMOBILIARIA CRISTICOR S.A. De conformidad con las disposiciones Estatutarias y de la Ley de Compaùías, convocase a los seùores accionistas de INMOBILIARIA CRISTICOR S.A. a la Junta General Ordinaria, la misma que se instalarå el día Viernes 17 de Junio del 2011 a las 11H00 horas en las oficinas situadas en la Calle Ramírez Dåvalos Oe1-111 y 10 de Agosto piso 2 de la ciudad de Quito. Esta convocatoria se hace extensiva al Sr. CÊsar Våsconez Flores Comisario de la Compaùía, el cual ha sido convocado personal e individualmente. Los puntos a tratarse son los siguientes: 1. Conocer y resolver el informe que presentarå el Gerente por el ejercicio 2010. 2. Conocer y resolver sobre el informe que presentarå el Comisario por el ejercicio 2010. 3. Conocer y resolver sobre los Balances General, Estado de PÊrdidas y Ganancias y demås anexos del ejercicio 2010.

Se anulan los tĂ­tulos No. 1314, 22804, 25287, 25011, 26867, 25053, 29126, 31010, 33035, 34939, 36944, 39200, 42491, 44534, 48967, 51169 por 131, 7, 13, 30, 30, 48, 38, 38, 66, 160, 141, 116, 204, 272, 647, 1674 de 100 sucres c/u correspondientes al Banco del Pichincha de MORA GALARZA ANA MERCEDES. 151363/dt/stodgo.

4. Resolver el destino de los beneficios sociales. 5. Nombramiento de Comisario. 6. Nombramiento de Directores Principales y Suplentes. 7. Varios. Los documentos que serån conocidos por la Junta General se encuentran a disposición de los seùores accionistas en las oficinas de la Compaùía ubicadas en la Ramírez Dåvalos Oe1-111 y 10 de Agosto Presidente Javier Guerrero Lenthall AC/11092(2)

gXiZ`Xc '%./# 9f[\^X 0# XcÂ&#x2C6;ZlfkX gXiZ`Xc '%)-# XcÂ&#x2C6;ZlfkX kfkXc ,#-' Zfejkil`[f jfYi\ \c cfk\ Ef% *00# gXiifhl`X :fkfZfccXf# [\ \jk\ ZXe$ kÂ?e# Zfe cfj c`e[\ifj p \jg\Z`]`ZX$ Z`fe\j ZfejkXek\j \e \c :\ik`]`ZX[f Ef% :,((*.*+'''(# Zfe]\i`[f gfi \c Ji% I\^`jkiX[fi [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf%$ GXiX cX gi}Zk`ZX [\ \jkX [`c`^\eZ`X j\ [`jgfe\ hl\ j\ Zl\ek\ Zfe lef [\ cfj j\Â&#x152;fi\j ;\gfj`kXi`fj Al[`Z`Xc\j [\c :XekÂ?e# i\dÂ&#x2C6;kXej\ cXj Zfg`Xj e\Z\jXi`Xj X cX F]`Z`eX [\ Jfik\fj# X ]`e [\ hl\ j\ Zl\ek\ Zfe cfj ]leZ`feXi`fj al[`Z`Xc\j Zfii\jgfe[`\ek\j# Zfe$ ]fid\ cf gi\m`jkf \e \c 8ik% * [\c I\^cXd\ekf gXiX \c ]leZ`feXd`\e$ kf [\ cXj f]`Z`eXj [\ 8c^lXZ`c\j p ;\gfj`kXi`fj Al[`Z`Xc\j p EfidXj gXiX cX ]`aXZ`Â?e [\ cfj ;\i\Z_fj hl\ Zfii\jgfe[\e X cfj ;\gfj`kXi`fj Al[`Z`Xc\j# glYc`ZX[f \e \c I\^`jkif F]`Z`Xc Eif%$ +,* [\ m`\ie\j )+ [\ fZklYi\ [\ )''/%$ ?\Z_f hl\ j\X j\ [`jgfe\ jl `ejZi`gZ`Â?e \e \c I\^`jkif [\ cX Gifg`\[X[ [\c ZXe$ kÂ?e Hl`kf%$ :Ă K<J< X cfj gi\efd$ YiX[fj ;\dXe[X[fj \e \c cl^Xi `e[`ZX[f%$ Gfi J\Zi\kXiÂ&#x2C6;X p gi\m`X ZfejkXeZ`X \e Xlkfj# [\j^cÂ?j\j\ p \ekiÂ&#x201E;^l\j\ cX [fZld\ekXZ`Â?e jfc`Z`kX[X X cX g\ijfeX Xlkfi`qX$ [X%$ EFK@=@HL<J<% ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ HL@KF# '0 [\ Efm`\dYi\ [\c )''0# cXj '/_)0%$ M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q$Jlgc\ek\ [\c Alq^X[f Gi`d\if [\ cf :`m`c [\ G`Z_`eZ_X# d\[`Xek\ 8ZZ`Â?e [\ G\ijfeXc Ef% ))0+$;G$ ;;G%# [\ )( [\ alc`f [\c )''/%$ CX [\dXe[X hl\ Xek\Z\[\# \j ZcXiX gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p# \e Zfej\Zl\eZ`X j\ cX X[d`k\ X ki}d`k\ \a\Zlk`mf%$ J\ fi[\eX hl\ E<CCP D8LI@ IFDF :?8G8 p ;<:J@ EF<DĂ DFI<@I8 D8:@8J gX^l\e cX fYc`^XZ`Â?e f gifgfe^Xe \oZ\gZ`fe\j \e \c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj%$ <e dÂ&#x201E;i`kf X cX gil\YX `ej$ kild\ekXc hl\ j\ XZfdgXÂ&#x152;X p Zfe ]le[Xd\ekf \e cfj 8ikj% +)* p ++, [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c j\ [`jgfe\ \c \dYXi^f [\c XgXi$ kXd\ekf Ef% 0# XcÂ&#x2C6;ZlfkX gXiZ`Xc +%*0# J\ZX[\if 0# XcÂ&#x2C6;ZlfkX gXiZ`Xc '%(-# <jkXZ`feXd`\ekf (,# XcÂ&#x2C6;ZlfkX gXiZ`Xc '%./# 9f[\^X 0# XcÂ&#x2C6;ZlfkX gXiZ`Xc '%)-# XcÂ&#x2C6;ZlfkX kfkXc ,#-' Zfejkil`[f jfYi\ \c cfk\ Ef% *00# gXiifhl`X :fkfZfccXf# [\ \jk\ ZXe$ kÂ?e# Zfe cfj c`e[\ifj p \jg\Z`]`ZX$ Z`fe\j ZfejkXek\j \e \c :\ik`]`ZX[f Ef% :,((*.*+'''(# Zfe]\i`[f gfi \c Ji% I\^`jkiX[fi [\ cX Gifg`\[X[

[\c :XekÂ?e Hl`kf%$ GXiX cX gi}Zk`ZX [\ \jkX [`c`^\eZ`X j\ [`jgfe\ hl\ j\ Zl\ek\ Zfe lef [\ cfj j\Â&#x152;fi\j ;\gfj`kXi`fj Al[`Z`Xc\j [\c :XekÂ?e# i\dÂ&#x2C6;kXej\ cXj Zfg`Xj e\Z\jXi`Xj X cX F]`Z`eX [\ Jfik\fj# X ]`e [\ hl\ j\ Zl\ek\ Zfe cfj ]leZ`feXi`fj al[`Z`Xc\j Zfii\jgfe[`\ek\j# Zfe$ ]fid\ cf gi\m`jkf \e \c 8ik% * [\c I\^cXd\ekf gXiX \c ]leZ`feXd`\e$ kf [\ cXj f]`Z`eXj [\ 8c^lXZ`c\j p ;\gfj`kXi`fj Al[`Z`Xc\j p EfidXj gXiX cX ]`aXZ`Â?e [\ cfj ;\i\Z_fj hl\ Zfii\jgfe[\e X cfj ;\gfj`kXi`fj Al[`Z`Xc\j# glYc`ZX[f \e \c I\^`jkif F]`Z`Xc Eif%$ +,* [\ m`\ie\j )+ [\ fZklYi\ [\ )''/%$ ?\Z_f hl\ j\X j\ [`jgfe\ jl `ejZi`gZ`Â?e \e \c I\^`jkif [\ cX Gifg`\[X[ [\c ZXe$ kÂ?e Hl`kf%$ :Ă K<J< X cfj gi\efd$ YiX[fj ;\dXe[X[fj \e \c cl^Xi `e[`ZX[f%$ Gfi J\Zi\kXiÂ&#x2C6;X p gi\m`X ZfejkXeZ`X \e Xlkfj# [\j^cÂ?j\j\ p \ekiÂ&#x201E;^l\j\ cX [fZld\ekXZ`Â?e jfc`Z`kX[X X cX g\ijfeX Xlkfi`qX$ [X%$ EFK@=@HL<J< ALQ>8;F GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j - [\ dXpf [\c )'((# cXj '0_''%$ 8k\ekf \c aliXd\ekf \]\ZklX[f gfi \c 8Zkfi# :Ă K<J< X cfj [\dXe[X$ [fj j\Â&#x152;fi\j B<CCP D8LI@ IFDF :?8G8 p ;<:J@ EF<DĂ DFI<@I8 D8:@8J# gfi cX gi\ejX Zfdf [`j$ gfe\ \e 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# d\[`Xek\ glYc`ZXZ`fe\j \]\ZklX[Xj \e le g\i`Â?[`Zf [\ dXpfi Z`iZlcXZ`Â?e eXZ`feXc%$ EFK@=@HL<J<% ;I% 8C=I<;F >I@A8CM8 DLzFQ% AL<Q% Cf hl\ gfe^f \e ZfefZ`d`\ekf Xc gÂ&#x2019;Yc`Zf \e ^\e\iXc# gXiX cfj ]`e\j c\^Xc\j Zfii\jgfe[`\ek\j% ;i% GXYcf Kfif :Xii`ccf J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&(('0-&k]

ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 8E><C8 ;<C :FEJL<CF <JG@E M<C8J:F p IFJ8 =CFI@E;8 D8P8E:<C8 HL@J?G<# J\ c\j _XZ\ ZfefZ\i \c <OKI8:KF# [\ cX [\dXe[X <A<:LK@M8 p GIFM@;<E:@8# hl\ X Zfek`elXZ`�e j`^l\e1 <OKI8:KF1 8:KFI1 :FFG<I8K@M8 ;< 8?FIIF P :I<;@KF )* ;< ALC@F%$ ;<D8E;8;FJ1 8E><C8 ;<C :FEJL<CF <JG@E M<C8J:F p IFJ8 =CFI@E;8 D8P8E:<C8 HL@J?G<%$

8JLEKF1 Hl\ gi\m`f \c ki}d`k\ g\ik`e\ek\# \e j\ek\eZ`X j\ Zfe$ [\e\ Xc [\dXe[X[f Xc gX^f [\c ZXg`kXc ZfejkXek\ \e \c GX^XiÂ&#x201E; X cX Fi[\e # `ek\i\j\j [\ dfiX# `dgl\jkfj# ZfjkXj gifZÂ&#x201E;jXc\j # ^Xjkfj al[`Z`Xc\j p _fefiXi`fj [\c 8Yf^X[f ;\]\ejfi%$ KI8D@K<1 <a\Zlk`mf%$ :L8EK@8%$ LJ; +%'''%''$ =<:?8 ;< @E@:@8:@äE1 )+ [\ efm`\dYi\ [\c )'('%$ ;<=<EJFI1 ;i% AfjÂ&#x201E; K\ccf%$ Ef% [\ ZXj`cc\if *+,(% AL@:@F <A<:LK@MF Ef% (-(($ )'(' G:?% GIFM@;<E:@81 ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# d`Â&#x201E;iZf$ c\j (, [\ ;`Z`\dYi\ [\c )'('# cXj (+_+)%$ M@JKFJ%$ CX Zfdg\k\eZ`X [\ \jkX ZXljX j\ _X iX[`ZX[f \e \jkX al[`ZXkliX d\[`Xek\ \c jfik\f i\Xc`qX[f# gfi cf kXekf XmfZf Zfef$ Z`d`\ekf [\ cX d`jdX \e m`ikl[ [\c f]`Z`f E% 0(+$;G$;;G$A8I$'. [\ '* [\ ;`Z`\dYi\ [\c )''. \e d` ZXc`[X[ [\ Al\q Jlgc\ek\% <e cf gi`eZ`gXc cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`$ kfj [\ C\p# gfi cf hl\ j\ c\ X[d`k\ X ki}d`k\ <a\Zlk`mf% <e Zfej\$ Zl\eZ`X cfj [\dXe[X[fj j\Â&#x152;fi\j 8E><C8 ;<C :FEJL<CF <JG@E M<C8J:F p IFJ8 =CFI@E;8 D8P8E:<C8 HL@J?G<# [\ekif [\c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj gX^l\e Xc XZkfi cX ZXek`[X[ ZfejkXek\ \e \c KÂ&#x2C6;klcf <a\Zlk`mf X[alekf# d}j cfj `ek\i\j\j i\jg\Zk`mfj f [\ekif [\c d`jdf kÂ&#x201E;id`ef gif$ gfe^X \oZ\gZ`fe\j YXaf gi\m\e$ Z`fe\j [\ C\p% Gfi ZlXekf ef j\ _X X[alekX[f gil\YX Xc^leX ef gifZ\[\ cX d\[`[X ZXlk\cXi jfc`$ Z`kX[X% :Â&#x2C6;k\j\ X cXj [\dXe[X[fj \e \c cl^Xi `e[`ZX[f gXiX \c \]\Z$ kf% KÂ&#x201E;e^Xj\ \e Zl\ekX cX ZXj`ccX al[`Z`Xc j\Â&#x152;XcX[X% 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e XZfd$ gXÂ&#x152;X[X% EFK@=@HL<J<%$ ;I% <;N@E 8I>FK@ I<P<J% AL<Q JLGC<EK<% ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\i$ e\j )' [\ dXpf [\c )'((# cXj ((_,-%$ <e dÂ&#x201E;i`kf Xc aliXd\ekf i\e[`[f p [\ XZl\i[f X cf \jkXYc\$ Z`[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c ZÂ&#x2C6;k\j\ X cfj [\dXe[X[fj j\Â&#x152;fi\j 8E><C8 ;<C :FEJL<CF <JG@E M<C8J:F p IFJ8 =CFI@E;8 D8P8E:<C8 HL@J?G< gfi cX gi\ejX d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ cX Z`l[X[ [\ Hl`kf# gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j% <ekiÂ&#x201E;^l\j\ \c

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO DE LA ESCRITURA PĂ&#x161;BLICA DE DISOLUCIĂ&#x201C;N VOLUNTARIA Y ANTICIPADA DE MODERAGUI CONSTRUCTORES COMPAĂ&#x2018;Ă?A LIMITADA. 1.- Se pone en conocimiento del pĂşblico que, la Superintendencia de Compaùías mediante ResoluciĂłn No.SC.IJ.DJDL.Q.11.1932 de 04 MAY 2011, aprobĂł la escritura pĂşblica de disoluciĂłn voluntaria de MODERAGUI CONSTRUCTORES COMPAĂ&#x2018;Ă?A LIMITADA, otorgada ante el Notario DĂŠcimo Suplente del Distrito Metropolitano de Quito, el 14 de octubre de 2010, a fin de que quienes se creyeren asistidos del derecho de oposiciĂłn previsto en el artĂ­culo 33 de la Ley de Compaùías, como acto previo a su inscripciĂłn, puedan presentar su peticiĂłn ante uno de los Jueces de lo Civil del domicilio principal de la compaùía, dentro de los seis dĂ­as contados desde la fecha de la Ăşltima publicaciĂłn de este extracto y, ademĂĄs, pongan el particular en conocimiento de la Superintendencia de Compaùías. El Juez que reciba la oposiciĂłn notificarĂĄ a esta Superintendencia, dentro del tĂŠrmino de dos dĂ­as siguientes, juntamente con el escrito de oposiciĂłn y providencia recaĂ­da sobre ella. En caso de no existir oposiciĂłn o de no ser notificada en la forma antes indicada se procederĂĄ a la inscripciĂłn de la referida escritura pĂşblica de la indicada compaùía y al cumplimiento de los demĂĄs requisitos legales. 2.- Al otorgamiento de la escritura pĂşblica antes mencionada comparece el licenciado Manuel de JesĂşs Gilberto RĂ­os, en su calidad de Gerente. El compareciente es de nacionalidad ecuatoriana, de estado civil casado y domiciliado en el Distrito Metropolitano de Quito. La junta general de socios de 30 de agosto de 2010, resolviĂł nombrar Liquidador Principal al citado Gerente y como Liquidador Suplente al seĂąor Milton Alcides GuillĂŠn Encalada, quienes para los efectos del artĂ­culo 393 de la Ley de Compaùías, notifican a los acreedores de la empresa para que en el tĂŠrmino de veinte dĂ­as contados a partir de la Ăşltima publicaciĂłn de este Extracto, presenten los documentos que acrediten su derecho en la direcciĂłn domiciliaria de la compaùía. Distrito Metropolitano de Quito, a 04 MAY 2011 AB. PATRICIA CHIRIBOGA SĂ NCHEZ DIRECTORA JURĂ?DICA DE DISOLUCIĂ&#x201C;N Y LIQUIDACIĂ&#x201C;N DE COMPAĂ&#x2018;Ă?AS A.P./49376/k.m.


\okiXZkf i\jg\Zk`mf% Efk`]Â&#x2C6;hl\j\% ;I% N@CD<I 8D9IFJJ@ IF9C<J% AL<Q <E:8I>8;F% Cf hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p# X[m`ik`Â&#x201E;e[f$ c\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`ccX al[`Z`Xc [\c GXcXZ`f [\ Aljk`Z`X [\ \jkX Z`l[X[ [\ Hl`kf# gXiX i\Z`Y`i ]lkliXj efk`]`$ ZXZ`fe\j% C:;F% CL@J 98I8?FE8 DFI<EF% J<:I<K8I@F < ?Xp ]`idX p j\ccf 8:&(('/.&k]

ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 D8I@8 K8I:@C8 :8C;<IFE FIK<>82 =<C@:@8EF KF 8 C F D 9 F G@C8DLE>8 p D8I@8 IFJ8 HL@E>8CL@J8 P8>L8:?@# J\ c\j _XZ\ ZfefZ\i \c <OKI8:KF# [\ cX [\dXe[X <A<:LK@M8 p GIFM@;<E:@8# hl\ X Zfek`elX$ Z`Â?e j`^l\e1 <OKI8:KF1 8 : K F I 1 :FFG<I8K@M8 ;< 8?FIIF P :I<;@KF )* ;< ALC@F%$ ;i% :_i`jk`Xe >\fmXeep ?likX[f I`Z_Xi[j# I\gi\j\ekXek\ C\^Xc%$ ;<D8E;8;FJ1 D8I@8 K8I:@C8 :8C;<IFE FIK<>82 =<C@:@8EF KF8CFD9F G@C8DLE>8 p D8I@8 IFJ8 HL@E>8CL@J8 P8>L8:?@%$ 8JLEKF1 Hl\ gi\$ m`f \c ki}d`k\ g\ik`e\ek\# \e j\e$ k\eZ`X j\ Zfe[\e\ Xc [\dXe[X[f Xc gX^f [\c ZXg`kXc ZfejkXek\ \e \c GX^XiÂ&#x201E; X cX Fi[\e # `ek\i\$ j\j [\ dfiX# `dgl\jkfj# ZfjkXj gifZÂ&#x201E;jXc\j # ^Xjkfj al[`Z`Xc\j p _fefiXi`fj [\c 8Yf^X[f ;\]\ejfi%$ KI8D@K<1 <a\Zlk`mf%$ :L8EK@8%$ LJ; +%'''%''%$ =<:?8 ;< @E@:@8:@äE1 '0 [\ j\gk`\dYi\ [\c )''0%$ ;<=<EJFI1 ;i% AfjÂ&#x201E; K\ccf%$ Ef% [\ ZXj`cc\if *+,(%$ AL@:@F <A<:LK@MF Ef% ()-*$ )'(' G:?% GIFM@;<E:@81 ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# cle\j )' [\ j\gk`\dYi\ [\c )'('# cXj ('_*(%$ M@JKFJ%$ CX Zfdg\k\eZ`X [\ \jkX ZXljX j\ _X iX[`ZX[f \e \jkX al[`ZXkliX d\[`Xek\ \c jfik\f i\Xc`qX[f# gfi cf kXekf XmfZf Zfef$ Z`d`\ekf [\ cX d`jdX \e m`ikl[ [\c f]`Z`f E% 0(+$;G$;;G$A8I$'. [\ '* [\ ;`Z`\dYi\ [\c )''. \e d` ZXc`[X[ [\ Al\q Jlgc\ek\% <e cf gi`eZ`gXc cX [\dXe[X hl\ Xek\$ Z\[\ \j ZcXiX gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ j\ c\

X[d`k\ X ki}d`k\ <a\Zlk`mf% <e Zfe$ j\Zl\eZ`X cfj [\dXe[X[fj j\Â&#x152;f$ i\j D8I@8 K8I:@C8 :8C;<IFE FIK<>82 =<C@:@8EF KF8CFD9F G@C8DLE>8 p D8I@8 IFJ8 HL@E>8CL@J8 P8>L8:?@# [\ekif [\c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj gX^l\e Xc XZkfi cX ZXek`[X[ ZfejkXek\ \e \c KÂ&#x2C6;klcf <a\Zlk`mf X[alekf# d}j cfj `ek\i\j\j i\jg\Zk`mfj f [\ekif [\c d`jdf kÂ&#x201E;id`ef gifgfe^X \oZ\g$ Z`fe\j YXaf gi\m\eZ`fe\j [\ C\p% Gfi ZlXekf ef j\ _X XZfdgXÂ&#x152;X$ [f gil\YX Xc^leX ef gifZ\[\ cX d\[`X ZXlk\cXi jfc`Z`kX[X% :Â&#x2C6;k\j\ X cfj [\dXe[X[fj \e \c cl^Xi `e[`ZX[f gXiX \c \]\Zkf% KÂ&#x201E;e^Xj\ \e Zl\ekX cX ZXj`ccX al[`Z`Xc j\Â&#x152;XcX[X% 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e XZfdgXÂ&#x152;X$ [X% EFK@=@HL<J<%$ ;I% <;N@E 8I>FK@ I<P<J% AL<Q% ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j )' [\ dXpf [\c )'((# cXj ((_,,%$ <e dÂ&#x201E;i`kf Xc aliXd\ekf i\e[`[f p [\ XZl\i[f X cf \jkXYc\Z`[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c ZÂ&#x2C6;k\j\ X cfj [\dXe[X$ [fj j\Â&#x152;fi\j D8I@8 K8I:@C8 :8C;<IFE FIK<>82 =<C@:@8EF KF8CFD9F G@C8DLE>8 p D8I@8 IFJ8 HL@E>8CL@J8 P8>L8:?@ gfi cX gi\ejX d\[`Xe$ k\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ cX Z`l[X[ [\ Hl`kf# gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j% <ekiÂ&#x201E;^l\j\ \c \okiXZkf i\jg\Zk`mf% Efk`]Â&#x2C6;hl\j\% ;I% N@CD<I 8D9IFJJ@ IF9C<J% AL<Q <E:8I>8;F% Cf hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p# X[m`ik`Â&#x201E;e[f$ c\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`ccX al[`Z`Xc [\c GXcXZ`f [\ Aljk`Z`X [\ \jkX Z`l[X[ [\ Hl`kf# gXiX i\Z`Y`i ]lkliXj efk`]`$ ZXZ`fe\j% C:;F% CL@J 98I8?FE8 DFI<EF% J<:I<K8I@F < ?Xp ]`idX p j\ccf 8:&(('//&k]

ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8C ;F:KFI =<IE8E;F K<;<J:F# GI<J@;<EK< ;< C8 :FDG8zà 8 KI@FCF @K8C@8 J%I%C% AL@:@F <A<:LK@MF E% )*/$)'(( DQ 8:KFI1 @E>% =I8EBC@E >% ?@;IF9F <JKI8;8# I<GI<J<EK8EK< C<>8C ;< C8 :FDG8zà 8 :FEJKIL:KFI8

?@;IFMF <JKI8;8 J%8% ;FD@:@C@F1 :8J@CC<IF AL;@:@8C *,(/ ;<C ;F:KFI =I8EBC@E JFCFIQ8EF ; < D 8 E ;8 ; FJ 1 E 8 I: @ J8 :@I@C8 LI@E8 Q8D9I8EF P ;I% =<IE8E;F K<;<J:F # ><I<EK< P GI<J@;<EK< ;< C8 :@8% KI@FCF @K8C@8 J%I%C% ;<D8E;81 G8>F ;<C :8G@K8C :FEJK8EK< ;<C G8>8I< 98J< ;< C8 8::@FE# D8J CFJ @EK<I<J<J P :FJK8J GIF:<J8C<J% :L8EK@81 LJ .,'%'''#'' ;FC8I<J GIFM@;<E:@8J1 ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 Hl`kf# cle\j )/ [\ =\Yi\if [\c )'((# cXj ('?,-%$ M@JKFJ 1 <e d` ZXc`[X[ [\ Al\q Jlgc\ek\# d\[`Xek\ f]`Z`f E%$ '()$;;G$A8I [\ )+ [\ <e\if [\ )%'', p \e m`ikl[ [\c XZkX [\ jfik\f# XmfZf ZfefZ`d`\ekf \e \jkX ZXljX% <e cf gi`eZ`gXc# cX [\dXe[X gi\j\ekX[X gfi \c @e^\e`\if =iXebc`e >\id}e I\e\ ?`[ifYf <jkiX[X# Zfdf Gi\j`[\ek\ <a\Zlk`mf p I\gi\j\ekXek\ c\^Xc [\ cX :fdgXÂ&#x152;Â&#x2C6;X :fejkilZkfiX ?`[ifYf <jkiX[X J%8%# Zfe]fid\ aljk`]`ZX Zfe cX Zfg`X [\c efdYiX$ d`\ekf efkXi`qX[f XZfdgXÂ&#x152;X[f# \j ZcXiX p i\le\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ j\ cX XZ\gkX X ki}d`k\ <a\Zlk`mf% Cfj [\dXe[X$ [fj :fdgXÂ&#x152;Â&#x2C6;X Ki`fcf @kXc`X J%I%C i\gi\j\ekX[X gfi jl >\i\ek\ j\Â&#x152;f$ iX EXiZ`jX :`i`cX Li`eX QXdYiXef# p j\Â&#x152;fi =\ieXe[f K\[\jZf# \e jl ZXc`[X[ [\ Gi\j`[\ek\ [\ cX d`jdX :fdgXÂ&#x152;Â&#x2C6;X# ZldgcXe Zfe cX fYc`$ ^XZ`Â?e [\dXe[X[X f gifgfe^Xe \oZ\gZ`fe\j \e \c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj [\ Z`kX[fj% 8k\ekfj cfj Z\ik`]`$ ZX[fj [\c I\^`jkif [\ cX Gifg`\[X[ [\c ZXekÂ?e J`^Z_fj X[alekX[fj # [\ Zfe]fid`[X[ Zfe \c 8ikÂ&#x2C6;Zlcf +)( [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ [`jgfe\ cX gif_`Y`Z`Â?e [\ \eXa\$ eXi# m\e[\i# _`gfk\ZXi f Zfejk`kl`i fkif ^iXmXd\e f Z\c\YiXi ZfekiXkf hl\ c`d`k\ \c [fd`e`f f ^fZ\ [\ cfj j`^l`\ek\j Y`\e\j [\ gifg`\$ [X[ [\ cX [\dXe[X[X :fdgXÂ&#x152;Â&#x2C6;X Ki`fcf @kXc`X J%I%C%1 8ZZ`fe\j p [\i\Z_fj [\c k\ii\ef [\efd`eX[f <c KXYcÂ?e2 cfk\j [\ k\ii\ef [\efd`$ eX[fj1 Ă&#x2C6;Fhl\e[f :ilq CfdXĂ&#x2030;2 Ă&#x2C6;<c >lXYfĂ&#x2030;2 Ă&#x2C6;<c KXYcÂ?eĂ&#x2030;2 Ă&#x2C6;8ek`dg\Ă&#x2030;2 Ă&#x2C6;J`aXcfĂ&#x2030;2 Ă&#x2C6;:_`cZXcĂ&#x2030;2 Ă&#x2C6;8ek`dg\Ă&#x2030;2 Ă&#x2C6;:_`cZXcĂ&#x2030;2 Ă&#x2C6;=iX`c\aÂ?eĂ&#x2030;2 Ă&#x2C6;Fhl\e[fĂ&#x2030;2 Ă&#x2C6;<c :_`cZXcĂ&#x2030;2 Ă&#x2C6;<c :_`cZXcĂ&#x2030; 2 Ă&#x2C6;8ek`dY\Ă&#x2030;2 Ă&#x2C6;:_`cZXcĂ&#x2030;2 =iX`c\aÂ?eĂ&#x2030;2 =iX`c\aÂ?e j`^eX[f Zfe \c eÂ&#x2019;d\$ if (Ă&#x2030;2 Ă&#x2C6;<c :_`cZXcĂ&#x2030;2 Ă&#x2C6;>lXeZlj`^Ă&#x2030;#

AVISO PARA EL EJERCICIO DEL DERECHO DE SUSCRIPCIĂ&#x201C;N PREFERENTE EN EL AUMENTO DE CAPITAL DE LA COMPAĂ&#x2018;Ă?A CLĂ?NICA EL BATĂ N DEL POZO S.A. La Junta General Ordinaria de Accionistas de la Compaùía CLĂ?NICA EL BATĂ N DEL POZO S.A., celebrada el dĂ­a jueves 05 de mayo del aĂąo 2011, resolviĂł aumentar el capital suscrito de la compaùía en la suma de TREINTA MIL DĂ&#x201C;LARES DE LOS ESTADOS UNIDOS DE AMĂ&#x2030;RICA ($ 30.000,00). El aumento de capital serĂĄ pagado de la siguiente manera; QUINCE MIL DĂ&#x201C;LARES DE LOS ESTADOS UNIDOS DE AMĂ&#x2030;RICA ($ 15.000,00), se pagarĂĄn mediante compensaciĂłn de crĂŠditos con cargo a la cuenta Aportes de Accionistas para Futuras Capitalizaciones, y los QUINCE MIL DĂ&#x201C;LARES RESTANTES ($ 15.000,00) se cancelarĂĄn mediante pago en numerario y de contado por accionistas al momento de ejercer el derecho de suscripciĂłn preferente. Se comunica a los Accionistas que de acuerdo a lo prescrito en el artĂ­culo 181 de la Ley de Compaùías, pueden ejercer a prĂłrrata de las acciones que tuvieren el derecho preferente a suscribir las nuevas acciones dentro de los TREINTA DĂ?AS siguientes a la fecha de esta publicaciĂłn. El capital suscrito correspondiente a los accionistas que no hubieren hecho uso del derecho de suscripciĂłn preferente, quedarĂĄ a disposiciĂłn de los demĂĄs accionistas que hubieren ejercido su derecho de suscripciĂłn preferente. Los Accionistas harĂĄn conocer a la AdministraciĂłn su voluntad de hacer uso o no de su derecho preferente, y podrĂĄn solicitar sus certificados de preferencia en el domicilio de la compaùía ubicado en la avenida 6 de diciembre n43-11 y TomĂĄs de Berlanga esq. de la ciudad de Quito. Quito, 26 de Mayo de 2011.

I_ c[ [d]WÂ&#x2039;Wi kdW l[p" jkoW [i bW YkbfW$ I_ c[ [d]WÂ&#x2039;Wi Zei" bW YkbfW [i cÂ&#x2021;W$ 7D7NĂ&#x203A;=EH7I

kf[fj \e \c ZXekÂ?e J`^Z_fj# Zlpfj [Xkfj p ZXiXZk\iÂ&#x2C6;jk`ZXj ZfejkXe [\ cfj i\jg\Zk`mfj Z\ik`]`ZX[fj [\ gifg`\[X[# [\Y`\e[f gXiX \c \]\Z$ kf efk`]`ZXi Xc j\Â&#x152;fi I\^`jkiX[fi [\ cX Gifg`\[X[ [\ [`Z_f ZXekÂ?e# d\[`Xek\ [\gi\ZXkfi`f X lef [\ cfj Al\Z\j [\ cf :`m`c [\ CXkXZle^X%$ 8k\e[`\e[f cX g\k`Z`Â?e [\c XZkfi# [\ Zfe]fid`[X[ Zfe \c 8ikÂ&#x2C6;Zlcf 0() [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# aljk`]`ZX[X gifZ\jXcd\ek\ cX ZXc`[X[ [\ \okiXea\if# j\ gif_`Y\ Xlj\ekXij\ [\c gX`j Xc [\dXe[X[f ;i% =\ieXe[f K\[\jZf# gXiX Zlpf \]\Zkf j\ f]`Z`Xi} Xc j\Â&#x152;fi ;`i\Zkfi EXZ`feXc [\ D`^iXZ`Â?e% ?\Z_f# ZÂ&#x2C6;k\j\ X cfj [\dXe[X[fj X kiXmÂ&#x201E;j [\ cX f]`Z`eX [\ Z`kXZ`fe\j# \e cfj cl^Xi\j `e[`ZX[fj # gXiX cf ZlXc \c XZkfi gifgfiZ`fe\ cXj Zfg`Xj jl]`$ Z`\ek\j%$ ;\aXe[f Zfg`X \e Xlkfj# cX IXqÂ?e p \c i\Z`Yf Zfii\jgfe$ [`\ek\ [\j^cÂ?j\j\ p \ekiÂ&#x201E;^l\j\ cfj [fZld\ekfj jfc`Z`kX[fj X cX g\ijfeX Xlkfi`qX[X gXiX \c \]\Zkf% KÂ?d\j\ efkX [\c ZXj`cc\if al[`Z`Xc [\j`^eX[f gfi \c [\dXe[Xek\ p X^iÂ&#x201E;^l\j\ cX [fZld\ekXZ`Â?e XZfdgXÂ&#x152;X[X% Efk`]Â&#x2C6;hl\j\% = ;i% I\peXc[f =cfi 8cmXiX[f% Al\q ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j )+ [\ DXpf [\c )'((# cXj (,_''%$ :ldgc`[f cf [`jgl\jkf \e cX Â&#x2019;ck`dX gifm`[\eZ`X # Xk\e$ kf \c aliXd\ekf i\e[`[f gfi \c XZkfi @e^\e`\if =iXebc`e >\id}e ?`[ifYf <jkiX[X # [\ Zfe]fid`[X[ Zfe \c 8ikÂ&#x2C6;Zlcf /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# Xc [\dXe$ [X[f j\Â&#x152;fi =\ieXe[f K\[\jZf# ZÂ&#x2C6;k\j\c\ gfi cX gi\ejX d\[`Xek\ ki\j glYc`ZXZ`fe\j hl\ j\ i\Xc`$ qXi} ZX[X leX \e ]\Z_X [`jk`ekX# \e le g\i`Â?[`Zf [\ Xdgc`X Z`iZl$ cXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf% Efk`]Â&#x2C6;hl\j\% = ;i% I\peXc[f =cfi 8cmXiX[f% Al\q AlXeX :\mXccfj >l\iiX J<:I<K8I@8 ;<C ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&.00,-&k]

ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8% :@K8:@FE AL;@:@8C% 81 ?\i\[\ifj [\jZfefZ`[fj [\ AFJy IF;FC=F >89I@<C :8GG<CF M8I<C8# Zfe \c \okiXZkf [\ cX [\dXe[X [\c al`$ Z`f <a\Zlk`mf p gifm`[\eZ`X hl\ X Zfek`elXZ`Â?e j`^l\e1 <OKI8:KF1 8Zkfi1 ;I% >FD<I :8C@OKF I<>8C8;F CFG<Q# \e jl ZXc`$ [X[ [\ GifZliX[fi Al[`Z`Xc [\c j\Â&#x152;fi 8LI<C@F =<IE8E;F GFQF :I<JGF# >\i\ek\ >\e\iXc p i\gi\j\ekXek\ c\^Xc [\c 98E:F G@:?@E:?8 :%8% ;\dXe[X[fj1 ;FI@J 8;I@8E8 :8GG<CF =CFI<J# IF;FC=F >89I@<C

:8GG<CF D@E8 P 8E8 >89I@<C8 :8GG<CF IL<;82 p# cfj _\i\[\ifj [\jZfefZ`[fj [\ AFJy IF;FC=F >89I@<C :8GG<CF M8I<C8 :lXekÂ&#x2C6;X1 LJ;% +'%'''#ff Al`Z`f <a\Zlk`mf Ef%$ (+).$)'('$NQ FYa\kf [\ cX ;\dXe[X1 :fYif [\ [`e\if% GIFM@;<E:@81 ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# d`Â&#x201E;iZf$ c\j )+ [\ efm`\dYi\ )'('# cXj (-_'.% M@JKFJ%$ CX [\dXe[X gi\j\ekX[X gfi \c ;I% >FD<I :8C@OKF I<>8C8;F CFG<Q# \e jl ZXc`[X[ [\ GifZliX[fi Al[`Z`Xc [\c j\Â&#x152;fi 8LI<C@F =<IE8E;F GFQF :I<JGF# >\i\ek\ >\e\iXc p i\gi\j\ekXek\ c\^Xc [\c 98E:F G@:?@E:?8 :%8%# \e ZfekiX [\ ;FI@J 8;I@8E8 :8GG<CF =CFI<J# IF;FC=F >89I@<C :8GG<CF D@E8 P 8E8 >89I@<C8 :8GG<CF IL<;82 p# cfj _\i\[\ifj [\jZfefZ`[fj [\ AFJy IF;FC=F >89I@<C :8GG<CF M8I<C8 \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`$ kfj c\^Xc\j \e Zfej\Zl\eZ`X j\ cX XZ\gkX Xc kiXd`k\ Zfii\jgfe[`\ek\ gfi cX mÂ&#x2C6;X \a\Zlk`mX gi\m`jkX \e cX j\ZZ`Â?e )[X gXi}^iX]f )[f 8ikj% +(0 p j`^l`\ek\j [\c ZÂ?[`^f [\ GifZ\[`d`\ekf :`m`c% Gfi cf hl\ cfj [\dXe[X[fj ;FI@J 8;I@8E8 :8GG<CF =CFI<J# IF;FC=F >89I@<C :8GG<CF D@E8 P 8E8 >89I@<C8 :8GG<CF IL<;82 p# cfj _\i\[\ifj [\jZfefZ`[fj [\ AFJy IF;FC=F >89I@<C :8GG<CF M8I<C8# [\ekif [\c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj gX^l\e cX fYc`^XZ`Â?e [\dXe[X[X f [\ekif [\c d`jdf kÂ&#x201E;id`ef gifgfe^Xe cXj \oZ\gZ`fe\j hl\ j\ Zi\p\i\e Xj`jk`[fj# YXaf gi\m\eZ`fe\j [\ C\p% :fe ]le[Xd\ekf \e \c Z\ik`]`$ ZX[f [\c I\^`jkif [\ cX Gifg`\[X[ X[alekf# \e cX \jZi`kliX [\ Zfejk`$ klZ`Â?e [\ gi`d\iX ?`gfk\ZX p \e cf \jkXYc\Z`[f \e \c 8ik% +)* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c j\ [`jgfe\ \c \dYXi^f [\c [\gXikX$ d\ekf LEF# XcÂ&#x2C6;ZlfkX [\ (/%(, # j\ZX[\if XcÂ&#x2C6;ZlfkX [\ '%.. # \jkX$ Z`feXd`\ekf LEF# XcÂ&#x2C6;ZlfkX [\ (%0( # [\c <[`]`Z`f ?\ii\iX$:\c`# j`klX[f \e cX gXiifhl`X 8cXe^XjÂ&#x2C6; [\ \jk\ :XekÂ?e# ZlpXj ZXiXZk\iÂ&#x2C6;j$ k`ZXj# jlg\i]`Z`\ p [`d\ej`fe\j ZfejkXe \e \c Z\ik`]`ZX[f X[ale$ kf% GXiX cX gi}Zk`ZX [\c \dYXi^f ZlÂ&#x201E;ek\j\ Zfe cX Gfc`ZÂ&#x2C6;X EXZ`feXc Zfe]fid\ cf \jkXYc\Z\ \c 8ik% 0)- [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# gXiX cf ZlXc i\dÂ&#x2C6;kXj\ Xk\ekf f]`Z`f Xc J\Â&#x152;fi A\]\ [\ cX :fdXe[XeZ`X [\ cX Gfc`ZÂ&#x2C6;X EXZ`feXc [\c ;`jki`kf D\kifgfc`kXef [\ Hl`kf# p ;\gfj`kXi`f Al[`Z`Xc# Zfe]fid\ cf \jkXYc\Z\e cfj 8ikj% *'0 p *(+ [\c :Â?[`^f Fi^}e`Zf [\ cX =leZ`Â?e Al[`Z`Xc# gXiX cf ZlXc i\dÂ&#x2C6;kXj\ cXj Zfg`Xj e\Z\jXi`Xj X cX F]`Z`eX [\ Jfik\fj p :Xj`cc\ifj Al[`Z`Xc\j# X ]`e [\ hl\ j\ Zl\ek\ Zfe \c ]le$ Z`feXi`f al[`Z`Xc Zfii\jgfe[`\ek\

[\ \jk\ ZXekÂ?e% ?\Z_f hl\ j\X# `ejZiÂ&#x2C6;YXj\ \c gi\j\ek\ \dYXi^f \e \c I\^`jkif [\ cX Gifg`\[X[# gXiX cf ZlXc efk`]Â&#x2C6;hl\j\ Xc I\^`jkiX[fi [\ cX Gifg`\[X[ [\ \jk\ ZXekÂ?e# X ]`e [\ hl\ kfd\ efkX [\c gXik`ZlcXi \e cfj c`Yifj i\jg\Zk`mfj% :@K<J< X cfj [\dXe[X[fj ;FI@J 8;I@8E8 :8GG<CF =CFI<J# IF;FC=F >89I@<C :8GG<CF D@E8 P 8E8 >89I@<C8 :8GG<CF IL<;8 \e cX [`i\ZZ`Â?e j\Â&#x152;XcX[X gfi cX gXik\ XZkfiX# gXiX cf ZlXc j\ Zfd`j`f$ eX Xc j\Â&#x152;fi K\e`\ek\ GfcÂ&#x2C6;k`Zf [\ cX gXiifhl`X [\ 8cXe^XjÂ&#x2C6;% 8k\ekf \c aliXd\ekf \ogi\jX[f gfi cX gXik\ XZkfiX p [\ Zfe]fid`[X[ Zfe cf \jkXYc\Z`[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c :@K<J< X cfj _\i\[\ifj [\jZfef$ Z`[fj [\ AFJy IF;FC=F >89I@<C :8GG<CF M8I<C8# gfi cX gi\ejX# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`k\e \e Â&#x201E;jkX Z`l[X[ [\ Hl`kf2 gXiX \c \]\Zkf Zfe]`Â&#x201E;iXj\ \c \okiXZkf Zfii\j$ gfe[`\ek\% KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if Al[`Z`Xc% 8^iÂ&#x201E;^l\ej\ cfj [fZld\ekfj gi\j\ekX[fj% :Ă K<J< p EFK@=Ă HL<J<% ] ;I% D8I@F FIK@Q <JKI<CC8%$ Al\q% Cf hl\ Zfdle`Zf p c\j Z`kf X ljk\[\j gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc [\ le 8Yf^X[f \e \jkX al[`ZXkliX Zfdf [`jgfe\ cX c\p% ; I% < ;N @ E : <M8 C CFJ 8DGL;@8% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.00.)&k]

I% [\c <% ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 $<OKI8:KF :@K8:@äE AL;@:@8C G8I81 A8@D< FJN8C;F IL@Q% AL@:@F1 (+,+$)''0$ D%Q $ <A<:LK@MF 8:KFI1 ;I% CL@J =<IE8E;F D8IK@E<Q 98II<EF \e ZXc`$ [X[ [\ GifZliX[fi Al[`Z`Xc [\ cX :FFG<I8K@M8 ;< 8?FIIF P :Iy;@KF GIF>I<JF CK;8%Ă&#x2030; ; < D 8 E ;8 ; FJ 1 < E I @ H L < IF;I@>F :8II<I8 J@D98z8# D8IĂ 8 ;< CFLI;<J K@9Ă?E J@D98z8 P A8@D< FJN8C;F IL@Q% F9A<KF1 :fe \c ]le[Xd\ekf \e \c 8ik% +/-# p j`^l`\ek\j [\c :Â?[`^f [\ :fd\iZ`f# \e ZfeZfi[XeZ`X Zfe cfj 8ikj% +(*# +(, p +(0 [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c m`^\ek\# [\dXe[f X cfj [\l[fi\j gi`eZ`$ gXc\j p Xc ^XiXek\ jfc`[Xi`f# gXiX hl\ \e j\ek\eZ`X j\Xe Zfe[\eXj Xc `ed\[`Xkf gX^f [\c ZXg`kXc [\ cX fYc`^XZ`Â?e% KI8D@K<1 <A<:LK@MF :L8EK@81 J<@J D@C HL@E@<EKFJ ;äC8I<J ;< CFJ <JK8;FJ LE@;FJ ;< 8D<I@:8 89F>8;F G8KIF:@E8;FI1 ;i% IfY\ik M`ccXiil\c IXdÂ&#x2C6;i\q% DXk% Gif]% -*,. :8G% ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# (. [\ Efm`\dYi\ [\c )''0# cXj ('_(/% M@JKFJ%$ <e m`ikl[ [\ cX iXqÂ?e [\ jfik\f hl\ Xek\Z\[\ p \e d` ZXc`[X[ [\ Al\q Jlgc\ek\ [\ Â&#x201E;jkX Al[`ZXkliX# d\[`Xek\ f]`Z`f Ef%'()$;;G$A8I$ [\ )+$'($)'',# 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\

PĂ&#x2030;RDIDA DE TĂ?TULO DE ACCIONES De conformidad con lo establecido en el Art. 197 de la Ley de Compaùías, nos permitimos informar que los tĂ­tulos siguientes cuyas acciones y numeraciĂłn respectiva se detallan en el cuadro que sigue de propiedad del seĂąor ingeniero JosĂŠ Rafael Pallares Troya se han extraviado, particular que ponemos en conocimiento del pĂşblico en general, para los fines legales pertinentes. NĂşmero de tĂ­tulo

NĂşmero de acciones

NumeraciĂłn

514 513 700 753 828 899

27 333 503 302 1.408 302

1.108.540 - 1.108.566 1.108.207 - 1.108.539 4.645.695 - 4.646.197 4.967.818 - 4.968.119 6.176.272 - 6.177.679 6.538.464 - 6.538.765

Una vez transcurridos treinta dĂ­as, contados a partir de la Ăşltima publicaciĂłn de este aviso, se procederĂĄ a la anulaciĂłn de los tĂ­tulos respectivos y se emitirĂĄn nuevos. Quito, 25 de mayo de 2011

Dr. IvĂĄn Fernando del Pozo Guarderas PRESIDENTE

EMPRESA DURINI INDUSTRIA DE MADERA C.A., EDIMCA AR/83148/cc

AR/83136/cc

Ĺ? Ä&#x2021;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä

Ĺ? +. Ĺ? Ä&#x152;Ĺ? ZXljX%$<e cf gi`eZ`gXc cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# Zfdgc\kX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ c\p$ <e Zfej\Zl\eZ`X p [\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c 8ik% +)( [\ cX :f[`]`ZXZ`Â?e [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# cfj [\dXe[X$ [fj j\Â&#x152;fi\j <EI@HL< IF;I@>F :8II<I8 J@D98z8 P D8I@8 ;< CFLI;<J K@98E J@D98z8# \e ZXc`[X[ [\ [\l[fi\j gi`eZ`gXc\j# A8@D< FJN8C;F IL@Q% \e ZXc`[X[ [\ ^XiXek\ jfc`[Xi`f# \e \c k\id`ef c\^Xc [\ ki\j [Â&#x2C6;Xj ZldgcXe Zfe cX fYc`^XZ`Â?e [\dXe[X[X f gifgfe$ ^Xe \oZ\gZ`fe\j%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c [fd`Z`c`f p ZXj`ccX al[`$ Z`Xc j\Â&#x152;XcX[f gfi \c XZkfi# XjÂ&#x2C6; Zfdf cX ZXc`[X[ \e cX hl\ ZfdgXi\Z\ p cX Xlkfi`qXZ`Â?e [\ jl XYf^X[f [\]\ejfi%$<e d\i`kf Xc Z\ik`]`ZX[f [\ ^iXm}d\e\j X[alekf# j\ [`j$ gfe\ cX gif_`Y`Z`Â?e [\ \eXa\eXi [\c Y`\e `edl\Yc\ [\kXccX[f \e \c d\eZ`feX[f `ejkild\ekf glYc`$ Zf hl\ \j [\ gifg`\[X[ [\ cfj [\dXe[X[fj j\Â&#x152;fi\j <EI@HL< IF;I@>F :8II<I8 J@D98z8 P D8I@8 ;< CFLI;<J K@98E J@D98z8# j\^Â&#x2019;e ZfejkX i\^`j$ kiX[f%$:Â&#x2C6;k\j\ X cfj [\dXe[X[fj <EI@HL< IF;I@>F :8II<I8 J@D98z8 P D8I@8 ;< CFLI;<J K@98E J@D98z8# d\[`Xek\ leX Xek\eX Zfd`j`Â?e Xc j\Â&#x152;fi K\e`\ek\ GfcÂ&#x2C6;k`Zf [\ cX GXiifhl`X [\ :Xc[\iÂ?e2 XjÂ&#x2C6; Zfdf kXdY`Â&#x201E;e Xc j\Â&#x152;fi A8@D< FJN8C;F IL@Q# \e \c cl^Xi hl\ gXiX \c \]\Zkf j\ \eZl\ekiX j\Â&#x152;XcX[f%$8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e X[ale$ kX%$@ejZiÂ&#x2C6;YXj\ \e \c i\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e cX d\[`[X jfc`Z`kX[X%$Gfi j\Zi\kXi`X [\aXe[f Zfg`Xj p i\Z`Yfj \e Xlkfj [\j^cÂ?$ j\j\ cX [fZld\ekXZ`Â?e XgXi\aX[X X cX [\dXe[X%$EFK@=@HL<J<%$ ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# al\m\j )+ [\ dXiqf [\c )'((# cXj (._()%$ 8^iÂ&#x201E;^l\j\ Xc gifZ\$ jf \c \jZi`kf gi\j\ekX[f%$:Â&#x2C6;k\j\ Xc [\dXe[X[f j\Â&#x152;fi A8@D< FJN8C;F IL@Q Â&#x2019;e`Zfj efdYi\j p Xg\cc`[fj hl\ ZfefZ\ # d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X# [\ Zfe]fid`[X[ X cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ Efk`]Â&#x2C6;hl\j\% = ;i% I\peXc[f =cfi 8cmXiX[f% Al\q%$ Cf hl\ cc\mf X jl Zfef$ Z`d`\ekf gXiX cfj ]`e\j [\ c\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX jlj ]`e\j% :\ik`]`Zf% JiX% AlXeX :\mXccfj >l\iiX J\Zi\kXi`X ?Xp ]`idX p j\ccf 8:&.00-)&k]

FI;@E8I@FJ I [\c < ALQ>8;F ;y:@DF JyGK@DF ;< CF :@M@C ;< G@:?@E:?8 :`kXZ`Â?e Al[`Z`Xc X cfj ?\i\[\ifj Gi\jlekfj p ;\jZfefZ`[fj [\c j\Â&#x152;fi Ifj\e[f >lXq^lX ;Â&#x2C6;Xq# j\ c\j _XZ\ jXY\i hl\ \e \jkX Al[`ZXkliX j\ _X gifgl\jkf le Al`Z`f Fi[`eXi`f [\ Gi\jZi`gZ`Â?e <okiXfi[`eXi`X 8[hl`j`k`mX [\ ;fd`e`f# \e cfj j`^l`\ek\j kÂ&#x201E;i$ d`efj1 8:KFI1 NXj_`e^kfe GXki`Z`f Klg`qX :f[\eX p EXeZp JljXeX zXZXkf 9Xlk`jkX ; < D 8 E ;8 ; F 1 ? \ i\ [ \ ifj Gi\jlekfj p ;\jZfefZ`[fj [\c j\Â&#x152;fi Ifj\e[f >lXq^lX ;Â&#x2C6;Xq AL@:@F1 Fi[`eXi`f [\ Gi\jZi`gZ`Â?e <okiXfi[`eXi`X 8[hl`j`k`mX [\ ;fd`e`f Eif% +.($)'(($ A%A% 8ik% -'*# .(,# )*0)# )*0*# )+('# )+((# )+(* p dXj g\ik`e\ek\j [\c :Â?[`^f :`m`c% :L8EKĂ 81 @e[\k\id`eX[X KIĂ?D@K<1 Fi[`eXi`f 89F>8;F ;<=<EJFI1 ;i% DXel\c ?% :Xii\iX I% GIFM@;<E:@81 ALQ>8;F ;y:@DF JyGK@DF ;< CF :@M@C ;< G@:?@E:?8%$ JXe^fchlÂ&#x2C6;# X '- [\ DXpf [\c )'((%$ 8 cXj '0?''%$ M@JKFJ1 CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX# Zfdgc\kX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX Xc ki}d`k\ i\jg\Zk`mf# \e al`Z`f Fi[`eXi`f# \e Zfej\Zl\eZ`X ZÂ?iiXj\ kiXj$ cX[f Zfe cX gi\j\ek\ [\dXe[X p \jkX gifm`[\eZ`X X cfj ?\i\[\ifj Gi\jlekfj p ;\jZfefZ`[fj [\c j\Â&#x152;fi Ifj\e[f >lXq^lX ;Â&#x2C6;Xq# gfi \c kÂ&#x201E;id`ef [\ hl`eZ\ [Â&#x2C6;Xj X ]`e [\ hl\ gi\j\ek\e cXj \oZ\gZ`fe\j X hl\ j\ Zi\Xe Xj`jk`[fj# YXaf Xg\i$

Ä&#x2020;

Z`Y`d`\ekf \e i\Y\c[Â&#x2C6;X%$ Gi\m`f Xc aliXd\ekf i\e[`[f# ZÂ&#x2C6;k\j\ X cfj [\dXe[X[fj ?\i\[\ifj Gi\jlekfj p ;\jZfefZ`[fj [\c j\Â&#x152;fi Ifj\e[f >lXq^lX ;Â&#x2C6;Xq# [\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# \jkf \j lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e \e cX Z`l[X[ [\ Hl`kf%$ @ejZiÂ&#x2C6;YXj\ cX gi\j\e$ k\ [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e Ild`Â&#x152;X_l`# Zfe]fid\ cf [`jgfe\ \c 8ik% (''' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# gXiX \c \]\Zkf efk`]Â&#x2C6;hl\j\ \e c\^Xc ]fidX%$ :lÂ&#x201E;ek\j\ Zfe \c j\Â&#x152;fi 8cZXc[\ p GifZliX[fiX J`e[`ZX [\c @cljki\ Dle`Z`g`f [\c :XekÂ?e Ild`Â&#x152;X_l`%$ KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc Eif% '+- j\Â&#x152;XcX[f gfi \c ;fZkfi DXel\c :Xii\iX# p cX Xlkfi`qXZ`Â?e Zfe]\i`[X Xc d\eZ`feX[f gif]\j`f$ eXc%$ 8^iÂ&#x201E;^l\j\ cX [fZld\ekXZ`Â?e gi\j\ekX[X%$ EFK@=Ă HL<J<%$ =[f ;i% Cl`j <[lXi[f KX`g\ >% AL<Q <E:8I>8;F Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc \e \jkX Z`l[X[ [\ J8E>FCHLĂ # gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j%$ :\ik`]`Zf% ;i% =\ieXe[f >iXeaX CXeXj J<:I<K8I@F ;<C ALQ>8;F (.df% ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8I&/*((*&ZZ

I<GL9C@:8 ;<C <:L8;FI ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF AL;@:@8C :@K8:@äE AL;@:@8C 81 ?\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\ DXiÂ&#x2C6;X ;fcfi\j KfXqf 9X`qX2 J\^le[f C\`e\j KfXjf p =\c`g\ CX`e\j KfXjf% ;<D8E;8;F1 =iXeZ`jZf CX`e\j2 DXiÂ&#x2C6;X 8e^\c`kX CX`e\j CX`e\j p 8eX DXiÂ&#x2C6;X :_`ZX`qX AX`d\% 8:KFI1 PfcXe[X DXi^fk_ :_`ZX`qX AX`d\% AL@:@F EIF% ().'$)''/$8Y%=D% KI8D@K<1 Fi[`eXi`f Ă&#x2020; Gi\jZi`gZ`Â?e <okiXfi[`eXi`X 8[hl`j`k`mX [\ ;fd`e`f% :L8EKĂ 81 LJ;% *''% =LE;8D<EKF C<>8C1 8ik% .(,# )*0)# )*0/# )+('# )+((# )+(* p j`^l`\ek\j [\c :Â?[`^f :`m`c% 89F>8;F ;<=<EJFI1 ;i% ;`\^f I\ZXc[\ ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8%$ HL@KF# )- [\ <e\if [\c )''0# cXj (+_)(%$ M@JKFJ%$ Gi\m`f jfik\f [\ c\p Zfii\jgfe[`\ek\# XmfZf ZfefZ`$ d`\ekf [\ cX gi\j\ek\ ZXljX \e d` ZXc`[X[ [\ al\q k`klcXi [\ \jkX al[`ZXkliX%$ <e cf gi`eZ`gXc# leX m\q hl\ cX gXik\ XZkfiX _X [X[f Zldgc`d`\ekf X cf fi[\eX[f \e gifm`[\eZ`X `ed\[`XkX Xek\i`fi# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ [\ZcXi}e[fj\cX gifZ\[\ek\ j\ cX XZ\gkX Xc kiXd`k\ Fi[`eXi`f%$ <e Zfej\Zl\eZ`X Zfe \c Zfek\e`[f [\ cX d`jdX p \jk\ Xlkf ZÂ?iiXj\ kiXjcX[f X cX gXik\ [\dXe[X[X j\Â&#x152;fi\j =iXeZ`jZf CX`e\j2 DXiÂ&#x2C6;X 8e^\c`kX CX`e\j CX`e\j p 8eX DXiÂ&#x2C6;X :_`ZX`qX AX`d\2 gfi \c kÂ&#x201E;id`ef [\ hl`eZ\ [Â&#x2C6;Xj Zfe Xg\iZ`Y`d`\ekf [\ i\Y\c[Â&#x2C6;X [\jglÂ&#x201E;j [\ c\^Xc$ d\ek\ Z`kX[fj%$ ;\ Zfe]fid`[X[ Zfe \c 8ik% /) p /* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# efk`]Â&#x2C6;hl\j\ gfi leX jfcX m\q X cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\ DXiÂ&#x2C6;X ;fcfi\j KfXqf 9X`qX2 J\^le[f C\`e\j KfXjf p =\c`g\ CX`e\j KfXjf# gfi d\[`f [\ cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX cfZXc`[X[%$ :lÂ&#x201E;ek\j\ Zfe cfj g\ijfe\ifj [\c @cljki\ Dle`Z`g`f [\c ;`jki`kf D\kifgfc`kXef [\ Hl`kf \e cXj g\ijfeXj [\c j\Â&#x152;fi 8cZXc[\ p GifZliX[fi%$ @ejZiÂ&#x2C6;YXj\ cX [\dXe$ [X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf# gXiX \c \]\Zkf i\dÂ&#x2C6;kXj\ Xk\ekf f]`Z`f%$ :Â&#x2C6;k\j\ \e c\^Xc p [\Y`[X ]fidX X cfj [\dXe$ [X[fj \e cXj [`i\ZZ`fe\j hl\ j\ j\Â&#x152;XcX gXiX \c \]\Zkf%$ 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cfj [fZld\ekfj XZfd$ gXÂ&#x152;X[fj X cX [\dXe[X%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi \c XZkfi2 gXiX jlj efk`]`ZXZ`fe\j XjÂ&#x2C6; Zfdf cX [\j`^$ eXZ`Â?e [\ jl XYf^X[f [\]\ejfi%$ :Â&#x2C6;k\j\ p Efk`]Â&#x2C6;hl\j\%$ = ;I% AFJ< D8IK@E<Q E8I8EAF% AL<Q% ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j () [\ efm`\dYi\ [\c )'('# cXj ('_(-%$ M@JKFJ%$ <e cf gi`eZ`gXc# \e dÂ&#x201E;i`kf Xc aliXd\ekf i\e[`[f gfi cX gXik\ XZkfiX p [\ Zfe]fid`[X[ Zfe \c 8ik% /) p /* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c2 efk`]Â&#x2C6;hl\j\

Ĺ? Ĺ?

Ĺ?


Ĺ? Ĺ?

Ĺ?

Ä&#x2021;

Ĺ? Ä&#x2021;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä

Ĺ? +. Ĺ? Ä&#x152;Ĺ?

gfi leX jfcX m\q X cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\ DXiÂ&#x2C6;X ;fcfi\j KfXqf 9X`qX2 J\^le[f C\`e\j KfXjf p =\c`g\ CX`e\j KfXjf# gfi d\[`f [\ cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ cX cfZXc`[X[2 gXiX \c \]\Zkf Zfe]`Â&#x201E;$ iXj\ \c Zfii\jgfe[`\ek\ \okiXZkf%$ :Â&#x2C6;k\j\ p Efk`]Â&#x2C6;hl\j\%$ = ;I% AFJ< D8IK@E<Q E8I8EAF% AL<Q% Cf hl\ c\ Zfdle`Zf X ljk\[ p c\ Z`kf gXiX cfj ]`e\j [\ c\p g\ik`e\ek\j# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ \e j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX jlj ]lkliXj efk`]`ZXZ`fe\j%$ :\ik`]`Zf%$ ;i% <[^Xi ?Xif MXc\eql\cX% J<:I<K8I@F < ;<C ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8%:%&(('-.

I% ;<C <% <OKI8:KF AL;@:@8C :@K8:@äE AL;@:@8C 81 =<C@O >L8I;8II8D8 8M@C<J p CLQ D8I@8 FIK<>8 :8II<I8 AL@:@F1 FI;@E8I@F Ef% )'('$ (',)$A:K 8:KFI1 D8I@8 <C<E8 :8@Q8 C@>E@8 ;<D8E;8;FJ1 = < C @ O >L8I;8II8D8 8M@C<J p CLQ D8I@8 FIK<>8 :8II<I8 ;FD@:@C@F AL;@:@8C1 ;I% A8@D< G8I<;<J 9L<E8zF :L8EK@81 LJ;% (,%'''#ff F9A<KF1 ;< :FE=FID@;8; :FE CF ;<K<ID@E8;F <E CFJ 8IK@:LCFJ -'*# .(,# )*0)# )*0/# )+'(# )+(' p )+((# P D8J G<IK@E<EK<J ;<C :F;@>F :@M@C M@><EK<# ;<D8E;8E <E AL@:@F FI;@E8I@F 8 CFJ J<zFI<J CLQ D8I@8 FIK<>8 :8II<I8# =<C@O >L8I;8II8D8 8M@C<J P 8 HL@<E<J J< :I<P<I<E ;<I<:?FJ# <C ;FD@E@F P C8 GFJ<J@FE GFI GI<J:I@G:@äE <OKI8FI;@E8I@8 8;HL@J@K@M8 ;< ;FD@E@F ;<C @EDL<9C<# :FEJ@JK<EK< ;< LE CFK< ;< K<II<EF L9@:8;F <E <C GLEKF Ă&#x2C6;G8D98$?8:@<E;8Ă&#x2030;# ;< C8 G8IIFHL@8 :?<:8# ;<C :8EKFE HL@KF%$ ALQ>8;F EFM<EF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# )' [\ J\gk`\dYi\ [\c )'('# cXj ((?'(%$ M@JKFJ1 Gfi Zldgc`[f cf fi[\eX[f \e gifm`[\eZ`X `e`Z`Xc p \e m`ikl[ [\c jfik\f i\Xc`qX[f# XmfZf ZfefZ`$ d`\ekf [\ cX gi\j\ek\ ZXljX% <e cf gi`eZ`gXc cX [\dXe[X \j ZcXiX# gi\$ Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ c\p# \e Zfej\Zl\eZ`X j\ XZ\gkX Xc ki}d`k\ Fi[`eXi`f% :Â?iiXj\ kiXjcX[f Zfe \c \jZi`kf [\ [\dXe[X p \jkX gifm`$ [\eZ`X# X cfj [\dXe[X[fj j\Â&#x152;fi\j =<C@O >L8I;8II8D8 8M@C<J p CLQ D8I@8 FIK<>8 :8II<I8# gfi cX gi\ejX# \e cX ]fidX [`jgl\j$ kX gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# gXiX hl\ \e \c kÂ&#x201E;id`ef [\ hl`eZ\ [Â&#x2C6;Xj Zfek\jk\e cX [\dXe[X p gifgfe^Xe kf[Xj cXj \oZ\gZ`fe\j X cXj hl\ j\ Zi\p\i\e Xj`jk`[fj# YXaf Xg\iZ`Y`d`\ekf \e i\Y\c[Â&#x2C6;X%$ :lÂ&#x201E;ek\j\ Zfe \c @cljki\ Dle`Z`g`f [\ Hl`kf p Zfe jl GifZliX[fi JÂ&#x2C6;e[`Zf%$ ;\ Zfe]fid`$ [X[ X cf [`jgl\jkf \e \c 8ik% (''' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# `ejZiÂ&#x2C6;YXj\ cX gi\j\ek\ [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\ \jk\ :XekÂ?e%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c [fd`Z`c`f p ZXj`cc\if al[`Z`Xc [\j`^eX[fj%$ 8^iÂ&#x201E;^l\j\ Xc gifZ\$ jf cfj [fZld\ekfj gi\j\ekX[fj%$ EFK@=@HL<J<%$ ;i% AX`d\ :Xej\Zf >l\ii\if%$ Al\q ALQ>8;F EFM<EF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# (* [\ J\gk`\dYi\ [\c )'('# cXj (,_+.%$ Gi\m`f X gifm\\i cf hl\ \e [\i\Z_f Zfii\jgfe[X%$ CX XZkfiX ZfdgX$ i\qZX X \jkX al[`ZXkliX \e \c kÂ&#x201E;i$ d`ef [\ ki\j [Â&#x2C6;Xj \e _fiXj _}Y`c\j# X iXk`]`ZXij\ \e \c aliXd\ekf jfYi\ jl `dgfj`Y`c`[X[ [\ Zfej\^l`i cX `e[`m`[lXc`[X[ f i\j`[\eZ`X [\ cfj [\dXe[X[fj# [\ Zfe]fid`$ [X[ Zfe cf \jk`glcX[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% EFK@=@HL<J<%$ ] ;i% AX`d\ :Xej\Zf >l\ii\if%$ Al\q Cf hl\ Zfdle`Zf X L[% gXiX cfj ]`e\j c\^Xc\j2 p# [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`ccX al[`Z`Xc [\ekif [\c g\iÂ&#x2C6;d\kif c\^Xc# \e cX ]fidX \jkXYc\Z`[X gfi cX C\p% ;I% ALC@F :<J8I DLzFQ DJ:% J<:I<K8I@F ALQ>8;F EFM<EF ;< CF :@M@C ;< G@:?@E:?8 ?Xp le j\ccf 8%:%(('/*& ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8% :@K8:@FE AL;@:@8C% 81

I8@DLE;F K@G8E 8D8HL@z8 p I8DFE K@G8E 8D8HL@z8# Zfe \c \okiXZkf [\ cX [\dXe[X Fi[`eXi`X p gifm`[\eZ`X hl\ X Zfek`elXZ`Â?e j`^l\e1 <OKI8:KF1 8Zkfi\j1 AFJ< I@:8I;F G8L:8I :?@>L8EF p 8>LJK@E8 K@G8E D8>L<E8% ; \ d X e [ X [ fj 1 I8 @ D L E ; F K@G8E 8D8HL@z8 p I8DFE K@G8E 8D8HL@z8 :lXekÂ&#x2C6;X1 @e[\k\id`eX[X Al`Z`f Fi[`eXi`f Ef%(.'-$)'('$NQ FYa\kf [\ cX ;\dXe[X1 8[hl`i`i gfi gi\jZi`g$ Z`Â?e \okiXfi[`eXi`X X[hl`j`k`mX [\ [fd`e`f cfk\ [\ k\ii\ef j`klX[f \e \c YXii`f CX =cfi`[X [\ cX gXiif$ hl`X 8dX^lXÂ&#x152;X# g\ik\e\Z`\ek\ X \jkX Z`l[X[ [\ Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X# [\ leX jlg\i]`Z`\ [\ (%('0#(* d)% GIFM@;<E:@81 ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXi$ k\j (/ [\ \e\if [\c )'((# cXj '0_+0% M@JKFJ%$ CX [\dXe[X gifgl\jkX gfi AFJ< I@:8I;F G8L:8I :?@>L8EF p 8>LJK@E8 K@G8E D8>L<E8 \e ZfekiX [\ I8@DLE;F K@G8E 8D8HL@z8 p I8DFE K@G8E 8D8HL@z8 \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`$ kfj [\ c\p# gfi cf hl\ j\ cX X[d`k\ X ki}d`k\ Fi[`eXi`f gi\m`jkf \e \c g}iiX]f (X# j\ZZ`Â?e )X# KÂ&#x2C6;klcf @@# 8ki% *0, p j`^l`\ek\j [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% <e Zfej\Zl\e$ Z`X# j\ [`jgfe\ Zfii\i kiXjcX[f Zfe cX [\dXe[X p gi\j\ek\ gifm`[\eZ`X X I8@DLE;F K@G8E 8D8HL@z8 p I8DFE K@G8E 8D8HL@z8# gfi \c kÂ&#x201E;id`ef [\ hl`eZ\ [Â&#x2C6;Xj# X ]`e [\ hl\ gifgfe^Xe cXj \oZ\gZ`fe\j [`cXkfi`Xj f g\i\ekfi`Xj X cXj hl\ j\ Zi\p\i\e Xj`jk`[fj# YXaf gi\$ m\eZ`fe\j [\ c\p% 8k\ekf \c aliX$ d\ekf \ogi\jX[f gfi cfj XZkfi\j p [\ Zfe]fid`[X[ Zfe cf \jkXYc\$ Z`[f \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\j\ X cfj [\dXe[X[fj I8@DLE;F K@G8E 8D8HL@z8 p I8DFE K@G8E 8D8HL@z8# gfi cX gi\ejX# \jkf \j \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf2 gXiX \c \]\Zkf Zfe]`Â&#x201E;iXj\ \c \okiXZkf i\jg\Zk`mf% @ejZiÂ&#x2C6;YXj\ cX gi\j\ek\ [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e Hl`kf# Zfe]fid\ cf \jkX$ Yc\Z\ \c 8ik% (''' [\c :Â?[`^f [\ gifZ\[`d`\ekf :`m`c% :lÂ&#x201E;ek\j\ \e cX gi\j\ek\ ZXljX Zfe cfj g\ijfe\$ ifj [\c @cljki\ Dle`Z`g`f [\ Hl`kf% KÂ?d\j\ efkX [\c ZXj`cc\if al[`Z`Xc Ef% +)'- j\Â&#x152;XcX[f gfi cfj XZkfi\j% 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cfj [fZl$ d\ekfj XgXi\aX[fj X cX [\dXe[X% :@K<J< P EFK@=@HL<J<% ] ;I% D8I@F FIK@Q <JKI<CC8%$ Al\q% Cf hl\ Zfdle`Zf p c\ Z`kf X ljk\[\j gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\e$ k\j gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc [\ le 8Yf^X[f \e \jkX al[`ZXkliX Zfdf [`jgfe\ cX c\p% ; I% < ;N @ E : <M8 C CFJ 8DGL;@8% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&(('/0&k]

I [\c <% <OKI8:KF AL;@:@8C :@K8J< 8 C8 J<zFI8 CL:@8 :8KL:L8D98 8 J L E KF 1 G i \ j Z i ` g Z ` Â? e <okiXfi[`eXi`X 8[hl`j`k`mX [\ ;fd`e`f 8:KFI1 EÂ&#x201E;jkfi KXYXe^f :_lilZ_ldY` ;<D8E;8;F1 C l Z Â&#x2C6; X :XklZlXdYX AL@:@F1 Fi[`eXi`f :8LJ8 Ef%$ '(/$)'(( 89F>8;F ;<=<EJFI1 ;i% AX`d\ :XdXZ_f ;FD@:@C@F C<>8C1 :Xj`cc\if ('* GIFM@;<E:@8 ALQ>8;F ;<:@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ :XpXdY\# X '. [\ XYi`c [\c )'((# cXj (+_('%$ M@JKFJ1 LeX m\q Zldgc`[f cf [`jgl\jkf \e \c Xlkf Xek\i`fi# \e cf gi`eZ`gXc# \oXd`eX$ [X hl\ _X j`[f cX [\dXe[X# j\ cX ZXc`]`ZX [\ ZcXiX# gi\Z`jX Zfdgc\kX p gfi i\le`i cfj i\hl`j`kfj c\^Xc\j j\ cX XZ\gkX Xc ki}d`k\ gi\m`jkf gXiX \c al`Z`f fi[`eXi`f%$ <e Zfe$ j\Zl\eZ`X ZÂ?iiXj\ kiXjcX[f Zfe \c Zfek\e`[f [\ cX [\dXe[X p \c gi\$ j\ek\ Xlkf X cX [\dXe[X[X CL:@8 :8KL:L8D98# gfi \c kÂ&#x201E;id`ef [\ HL@E:< ;@8J# X ]`e [\ hl\ Zfek\j$ k\ cX [\dXe[X p gifgfe^X Zfeale$ kXd\ek\ cXj \oZ\gZ`fe\j [`cXkfi`Xj p g\i\ekfi`Xj hl\ j\ Zfej`[\i\ Xj`jk`[X%$ <e Xk\eZ`Â?e Xc aliXd\ekf i\e[`[f gfi \c XZkfi# [\ Zfe]fi$ d`[X[ Zfe cf hl\ [`jgfe\ \c 8ik%

Ĺ?

/) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# :@K<J< X cX [\dXe[X[X CL:@8 :8KL:L8D98# d\[`Xek\ ki\j glYc`ZXZ`fe\j \e le g\i`Â?[`$ Zf [\ Xdgc`X Z`iZlcXZ`Â?e X e`m\c eXZ`feXc# gfi ef \o`jk`i e`e^lef \e \jkX cfZXc`[X[%$ @ejZiÂ&#x2C6;YXj\ cX gi\j\ek\ [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e :XpXdY\# Zfe]fid\ [`jgfe\ \c Xik% (''' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ 8^iÂ&#x201E;^l\j\ X cfj Xlkfj cfj [fZld\ekfj hl\ j\ X[alekXe X cX [\dXe[X%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ki}d`k\# cX ZlXekÂ&#x2C6;X# \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi \c XZkfi# XjÂ&#x2C6; Zfdf cX Xlkfi`qXZ`Â?e hl\ Zfe]`\i\ X jl 8Yf^X[f [\]\ejfi%$ :@K<J< P EFK@=@HL<J<% Cf Xii\^cX[f MXc\ :\ik`]`Zf% ;i% IlYÂ&#x201E;e GXqd`Â&#x152;f [\ cX Kfii\ AL<Q Cf hl\ Z`kf X L[% gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j# gi\m`e`Â&#x201E;e$ [fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc [\ XZl\i$ [f X cX C\p gXiX gfjk\i`fi\j efk`$ ]`ZXZ`fe\j# [\ekif g\iÂ&#x2C6;d\kif c\^Xc [\c Alq^X[f ;Â&#x201E;Z`df :lXikf [\ cf :`m`c [\ G`Z_`eZ_X \e :XpXdY\%$ :\ik`]`Zf% J\Zi\kXi`f ?Xp le j\ccf 8%:%.00,/

I<D8K<J I [\c < ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 8M@JF AL;@:@8C ;< I<D8K< AL@:@F <JG<:@8C Ef% */,$)''0 ;iX% BA J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`$ Zf \e ^\e\iXc hl\ \c [Â&#x2C6;X cle\j ). [\ ale`f [\c )'((# [\j[\ cX ZXkfiZ\ _fiXj _XjkX cXj [`\Z`fZ_f _fiXj `eZclj`m\# \e cX j\Zi\kXi`X [\ \jkX Al[`ZXkliX k\e[i} cl^Xi \c i\dX$ k\ [\ cfj Y`\e\j dl\Yc\j hl\ _X Zfek`elXZ`Â?e j\ [\kXccX1 8%$ Cl^Xi# ]\Z_X p _fiX [\c i\ZfefZ`d`\ekf1 <c cl^Xi j\ \eZl\ekiX lY`ZX[f \e \c :XekÂ?e JXekX <c\eX# j\Zkfi :XYf Hl`ifq# ZXcc\ AlXe DfekXcmf# mÂ&#x2C6;X gi`eZ`gXc Xek`^lf :XdXc# X )'' d\kifj [\ cX 9fdYX [\ >Xjfc`eX GI@D8O# \c / [\ fZklYi\ [\c )'('# cXj ('_''% 9%$ ;\kXcc\ [\ cfj Y`\e\j%$ J\ kiXkX [\ mXi`fj kXehl\j [\ ZfdYljk`$ Yc\ p [fj YfdYXj# d`jdfj hl\ j\ [\kXccX [\ cX j`^l`\ek\ dXe\iX1 Le kXehl\ [\ ZfdYljk`Yc\ [\ j\`j d\kifj [\ Xckf# [\ j`\k\ d\kifj Zfe Z`eZl\ekX Z\ekÂ&#x2C6;d\kifj gfi j`\k\ d\kifj Zfe Z`eZl\ekX p j`\k\ Z\ekÂ&#x2C6;d\kifj [\ [`}d\kif# Zfe ZXgXZ`[X[ gXiX j\j\ekX d`c ^Xcf$ e\j [\ ZfdYljk`Yc\# gXiX kiXYXaXi \e gfj`Z`Â?e \jkXZ`feXi`X m\ik`ZXc# Zfejkil`[f \e gcXeZ_X e\^iX [\ le ZlXikf [\ glc^X[X# \c kXehl\ k\e[i} \ekiX[X [\ _fdYi\# [i\eXa\ [\ ^Xj\j# \ekiX[X [\ ZfdYljk`$ Yc\# [fj ccXm\j [\ Zfdgl\ikXj [\ ZlXkif glc^X[Xj gXiX [\jZXi^X# [\ Zfcfi YcXeZf Zfe leX ]iXeaX Z\c\jk\# d`jdf hl\ \jk} \e i\^lcXi \jkX$ [f [\ Zfej\imXZ`Â?e# ef j\ gl\[\ fYj\imXi _l\Zfj e` fi`]`Z`fj% 8mXcÂ&#x2019;f Xgifo`dX[f )-%'''#ff LJ; M<@EK< P J<@J D@C ;äC8I<J 8D<I@:8EFJ Le kXehl\ [\ j`\k\ d\kifj Zfe efm\ekX Z\ekÂ&#x2C6;d\kifj [\ cXi^f# Zfe le [`}d\kif [\ [fj ^Xcfe\j# gXiX hl\ kiXYXa\ \e ]fidX _fi`qfekXc# p gl\[X j\i lk`c`qX[f gXiX kiXjgfik\ \e ki}`c\i# ZXdX YXaX# \c kXehl\ k\e$ [i} [fj ZfdgXik`d`\ekfj# k\dgcX$ [fj `ek\i`fi\j [\ j\^li`[X[# leX \ekiX[X [\ efdYi\# leX \ekiX[X [\ ZfdYljk`Yc\# klYf `ek\i`fi gXiX j`jk\dX [\ d\[`XZ`Â?e Zfe YXiiX# j`jk\dX [\ [i\eXa\ [\ ^Xj\j# \jZX$ c\iX ki\j# \e i\^lcXi \jkX[f [\ Zfe$ j\imXZ`Â?e# ef k`\e\ fi`]`Z`fj% 8mXcÂ&#x2019;f Xgifo`dX[f +%,''#ff LJ; :L8KIF D@C HL@E@<EKFJ ;äC8I<J 8D<I@:8EFJ Le kXehl\ [\ [fj d\kifj Zfe Z`e$ Zl\ekX p ki\j Z\ekÂ&#x2C6;d\kifj gfi le d\kif fZ_\ekX p [fj Z\ekÂ&#x2C6;d\kifj# gfi j\`j d\kifj Z`eZl\ekX Z\ekÂ&#x2C6;$ d\kifj [\ cXi^f# gXiX ljf dÂ?m`c f \jkXZ`feXi`f# \e gfj\j`Â?e _fi`qfe$ kXc# Zfejkil`[f \e gcXeZ_X e\^iX [\ ki\j&[`\Z`jÂ&#x201E;`j f ZlXkif d`cÂ&#x2C6;d\kifj# ki\j XdgXifj# ki\j \ekiX[Xj [\ _fdYi\# Zfe leX ]cXlkX [\ ki\j jXc`$ [Xj# Zfe ki\j ccXm\j [\ Zfdgl\ikX [\ ZlXkif glc^X[Xj# \jZXc\iX# k`eX Zfe j\`j gXkXj# g`ekX[X [\ Zfcfi XdXi`ccX# Zfe ZXgXZ`[X[ [\ j\`j d`c ^Xcfe\j# \e i\^lcXi \jkX[f [\ Zfej\imXZ`Â?e# j`e fi`]`Z`fj% 8mXcÂ&#x2019;f Xgifo`dX[f )%,''#ff LJ; ;FJ D@C HL@E@<EKFJ ;äC8I<J 8D<I@:8EFJ Le kXehl\ [\ [fj d\kifj Zfe ZlXi\ekX p fZ_f Z\ekÂ&#x2C6;d\kifj# gfi le d\kif ki\`ekX p j`\k\ Z\ekÂ&#x2C6;d\$ kifj# gfi j\`j d\kifj ZlXi\ekX Z\ekÂ&#x2C6;d\kifj [\ cXi^f# gXiX ljf dÂ?m`c \jkXZ`feXi`f# Zfejkil`[f \e gcXeZ_X e\^iX [\ ki\j&[`\Z`jÂ&#x201E;`j f ZlXkif d`cÂ&#x2C6;d\kifj# ZlXkif \ekiX[X [\ _fdYi\# ZlXkif ZfdgXik`d`\e$ kfj# [fj gXkXj cXi^Xj Zfe Zfe\o`f$ e\j [\ jXc`[X# [\ ki\j glc^X[Xj# g`ekX[f [\ Zfcfi XdXi`ccf# Zfe

I_ gk_[h[i ^WbbWh [d YkWbgk_[h bWZe Wc_ijWZ" ZkbpkhW o fe[iÂ&#x2021;W" bbÂ&#x192;lWbWi Yedj_]e$ =;EH=; :K>7C;B ZXgXZ`[X[ [\ Z`eZf d`c ^Xcfe\j# \e i\^lcXi \jkX[f [\ Zfej\imXZ`Â?e# j`e fi`]`Z`fj% 8mXcÂ&#x2019;f Xgifo`dX[f )%'''#ff LJ; ;FJ D@C ;äC8I<J 8D<I@:8EFJ ;fj \hl`gfj [\ YfdY\f# Zfd$ gl\jkf gfi YXj\j# YfdYXj p dfkfi\j \cÂ&#x201E;Zki`Zfj# `eZclp\e[f jl i\jg\Zk`mf dXki`dfe`fj f XZf$ gc\j [\ dfkfi X YfdYX# [\ gif$ Z\[\eZ`X [\ <jkX[fj Le`[fj [\ Efik\ 8dÂ&#x201E;i`ZX# p [\ dXiZX 9pife AXZbjfe# Zfe ZXgXZ`[X[ gXiX ZX[X YfdYX [\ Z`\ekf efm\ekX p Z`eZf ^Xcfe\j gfi d`elkf# d`jdXj hl\ j\ \eZl\ekiXe [\jZfe\ZkX[Xj p X cX `ek\dg\i`\# \e i\^lcXi \jkX[f [\ Zfej\imXZ`Â?e% 8mXcÂ&#x2019;f Xgifo`dX[f [\ cXj [fj YfdYXj \j [\ (%'''#ff LJ; D@C ;äC8I<J 8D<I@:8EFJ MXcfi kfkXc [\ kf[fj cfj Y`\e\j \j [\ *-%'''#ff LJ; KI<@EK8 P J<@J D@C ;äC8I<J 8D<I@:8EFJ ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# )0 [\c XYi`c [\c )'((# cXj ('_,0%$ 8^iÂ&#x201E;^l\j\ X cfj Xlkfj \c \jZi`kf gi\j\ekX[f%$ <e Xk\eZ`Â?e Xc d`jdf p X cX iXqÂ?e j\ekX[X gfi \c J\Zi\kXi`f# j\ j\Â&#x152;XcX gXiX \c [Â&#x2C6;X cle\j ). [\ ale`f [\c )'(( [\j[\ cXj (+?'' _XjkX cXj (/?'' `eZcl$ j`m\# X ]`e [\ hl\ k\e^X cl^Xi \e cX j\Zi\kXiÂ&#x2C6;X [\ \jkX al[`ZXkliX \c I<D8K< ;< CFJ 9@<E<J mXi`fj kXehl\j # [fj \hl`gfj [\ YfdY\f hl\ j\ \eZl\ekiX [\kXccX[f \e \c `e]fid\ g\i`Z`Xc hl\ _Xe j`[f \dYXi^X[fj [\ekif [\ cX gi\j\ek\ ZXljX%$ p [\d}j \jg\Z`]`ZXZ`fe\j ZfejkXe [\c `e]fid\ gi\j\ekX[f gfi \c j\Â&#x152;fi G\i`kf%$ GlYcÂ&#x2C6;hl\j\ \c \okiXZkf# \e lef [\ cfj g\i`Â?[`$ Zfj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf%$ :fcÂ?hl\ej\ cfj i\jg\Zk`mfj ZXik\$ c\j p [Â&#x201E;j\ Zldgc`d`\ekf X kf[Xj cXj ]fidXc`[X[\j c\^Xc\j%$ Gfi kiXkXij\ [\ j\^le[f j\Â&#x152;XcXd`\e$ kf# kf[X gfjkliX [\Y\i} ZlYi`i gfi cf d\efj \c Z`eZl\ekX gfi Z`\ekf [\c mXcfi [\c XmXcÂ&#x2019;f giXZk`ZX[f%$ 8 ZX[X gfjkliX [\Y\i} XZfdgXÂ&#x152;Xij\ \c [`\q gfi Z`\ekf [\c mXcfi [\ cX f]\ikX# \e [`e\if \e \]\Zk`mf p&f Z_\hl\ Z\ik`]`ZX[f X fi[\e [\c Alq^X[f%$ GlYcÂ&#x2C6;hl\j\ \c \okiXZkf \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf# gXiX cX ZfcfZXZ`Â?e [\ cfj ZXik\c\j [\giÂ&#x201E;hl\j\ X lef [\ cfj j\Â&#x152;fi\j al\Z\j [\ cf :`m`c [\ cX Z`l[X[ [\ JXekX <c\eX \emÂ&#x2C6;\j\ [\jgXZ_f \e ]fidX p [Â&#x201E;j\ Zld$ gc`d`\ekf X kf[Xj cXj ]fidXc`[X$

[\j c\^Xc\j%$ EFK@=Ă HL<J<%$ ] %$ =<C@G< @E=8EK< I<P# AL<Q < % Gfi kiXkXij\ [\c j\^le[f j\Â&#x152;XcX$ d`\ekf j\ i\Z`Y`i}e cXj gfjkliXj hl\ ZlYiXe gfi cf d\efj \c ,' [\c XmXcÂ&#x2019;f XgifYX[f# [\Y`Â&#x201E;e[fj\ XZfdgXÂ&#x152;Xi \c (' [\c mXcfi [\ cX f]\ikX \e Z_\hl\ Z\ik`]`ZX[f X efdYi\ [\c Alq^X[f f \e [`e\if \e \]\Zk`mf% Cf hl\ gfe^f \e ZfefZ`d`\ekf Xc gÂ&#x2019;Yc`Zf \e ^\e\iXc gXiX cfj ]`e\j [\ c\p% 8Y^% Afi^\ D`\i 9liYXef J\Zi\kXi`f ?Xp le j\ccf 8I&/*(+(&ZZ

ALQ>8;F J<OKF ;< CF :@M@C ;< G@:?@E:?8 8M@JF ;< I<D8K< AL@:@F <A<:LK@MF Ef% )''0$ '---$A}e\k[ KX`g\ I\[ifm}e J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf \e ^\e\iXc hl\ \c [Â&#x2C6;X )0 [\ alc`f [\c )'(( [\j[\ cXj (+_'' _XjkX cXj (/_''# \e cX J\Zi\kXiÂ&#x2C6;X [\ \jkX Al[`ZXkliX j\ cc\mXi} X ZXYf \c I<D8K< [\c Y`\e `edl\Yc\ ZlpXj ZXiXZk\iÂ&#x2C6;jk`ZXj j\ [\kXccXe X Zfek`elXZ`Â?e1 (% L 9 @ : 8 : @ ä E 1 Gifm`eZ`X [\ G`Z_`eZ_X# :XekÂ?e Hl`kf# GXiifhl`X Gl\dYf# J\Zkfi :\ekif [\ Gl\dYf# :Xcc\ DXel\c 9liYXef eÂ&#x2019;d\if E *$+' p E$*$*- \eki\ cXj ZXcc\j AfXhlÂ&#x2C6;e J}eZ_\q p ), [\ Alc`f )% C @ E ; < I F J ><E<I8C<J1 ! EFIK<1 :fe gifg`\[X[ [\c Ji% GXqd`Â&#x152;f# \e )/#(, d% JLI1 <e gXik\ Zfe cX ZXcc\ DXel\c 9liYXef# \e ('%.' d p gfi fkiX gXik\ Zfe gifg`\[X[ [\ FjnXc[f :Xii\iX# \e (.%+, d% <JK<1 <e gXik\ gifg`\[X[ [\ FjnXc[f :Xii\iX# \e .%', d% p gfi fkiX gXik\ gifg`\[X[ [\ Qf`cX 8glek\# \e -%*' d% F<JK<1 :fe gifg`\[X[ [\ D\iZ\[\j :_`ZX`qX# \e (*%*, d% *% :8I8:K<I@JK@:8J1 <c `edl\$ Yc\ ZfejkX [\ k\ii\ef p ZfejkilZ$ Z`fe\j% *%(% K<II<EF1 <c }i\X [\c k\ii\ef ! \j [\ )+/%'' d)# [\ ]fidX [\ C p kfgf^iX]Â&#x2C6;X gcXeX% J\ \eZl\ekiX [\c`d`kX[f1 Gfi \c Efik\ \e gXik\ gfi Z\iiXd`\ekf \e dXdgfjk\iÂ&#x2C6;X [\ cX[i`ccf p \e fkiX gfi gXi\[ [\ cX ZfejkilZZ`Â?e Ă&#x2C6;9Ă&#x2030;2 gfi \c Jli \e gXik\ gfi gXi\[ [\ cX ZfejkilZ$ Z`Â?e Ă&#x2C6;8Ă&#x2030;# p \e fkiX gfi gXi\[ [\ gifg`\[X[ [\c Zfc`e[Xek\2 gfi \c <jk\ \e gXik\ gfi Z\iiXd`\ekf \e

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO CONSTITUCIĂ&#x201C;N DE LA COMPAĂ&#x2018;Ă?A VITALWATHER CIA. LTDA. La compaùía VITALWATHER CIA. LTDA. se constituyĂł por escritura pĂşblica otorgada ante el Notario VigĂŠsimo Octavo del Distrito Metropolitano de Quito, el 19 de Mayo de 2011, fue aprobada por la Superintendencia de Compaùías, mediante ResoluciĂłn SC.IJ. DJC.Q.11.002399 de 03 de Junio de 2011. 1.- DOMICILIO: CantĂłn LORETO, provincia de Orellana. 2.- CAPITAL: Suscrito US$ 1.000,00 NĂşmero de Participaciones 1.000 Valor US$ 1,00 3.- OBJETO: El objeto de la compaùía es: EL PROCESAMIENTO, PURIFICACIĂ&#x201C;N, TRATAMIENTO, PRODUCCIĂ&#x201C;N, ENVASADO, DISTRIBUCIĂ&#x201C;N Y COMERCIALIZACIĂ&#x201C;N DE AGUA NATURAL......

dXdgfjk\iÂ&#x2C6;X [\ cX[i`ccf p \e fkiX gfi gXi\[ [\ cX ZfejkilZZ`Â?e Ă&#x2C6;8Ă&#x2030;2 gfi \c F\jk\ \e gXik\ gfi gXi\[ [\ cX ZfejkilZZ`Â?e Ă&#x2C6;8Ă&#x2030;# p \e fkiX gfi gXi\[ [\ ZfejkilZZ`Â?e \e gifZ\jf [\ [\jkilZZ`Â?e% *%)% :FEJKIL::@FE<J1 :FEJKIL::@FE Ă&#x2C6;8Ă&#x2030;1 @dgcXekX[X \e gXik\ [\c cX[f Jli [\c k\ii\$ ef Zfe ]i\ek\ X cX ZXcc\ DXel\c 9liYXef% ;\ [fj gcXekXj1 GcXekX YXaX ]fidX[X gfi le cfZXc Zfd\i$ Z`Xc# ZfZ`eX Ă&#x2020; Zfd\[fi p jXcX2 cX gcXekX XckX ]fidX[X gfi ki\j ZlXkifj% ! J\^Â&#x2019;e ZfejkX \e \c :\ik`]`ZX[f [\c I\^`jkif [\ cX Gifg`\[X[ p \jZi`kliX [\ ?`gfk\ZX 8Y`\ikX hl\ fYiXe [\c gifZ\jf% ;\ gXi\[\j [\ X[fY\ \eclZ`[Xj p g`ekX[Xj2 \jkilZkliX gXi\[\j jfgfikXek\j [\ X[fY\2 ZlY`\ikX [\ dX[\iX Zfe k\ZcX[f [\ k\aX [\ YXiif ZfZ`[f2 \eki\g`jf [\ dX[\$ iX2 Z`\cf iXjf \e gXik\ m`^Xj [\ dX[\iX m`jkf p \e fkiX [\ ki`gc\j2 g`jf [\ cX gcXekX YXaX gXm`d\ekX[f p [\ cX XckX \ekXYcX[f \e [l\cX2 gl\ikXj [\ dX[\iX gXe\cX[Xj fkiX [\ _`\iif kfc m`[i`f p fkiX [\ _`\iif dX[\iX2 m\ekXeXj [\ _`\$ iif p m`[i`f ZcXif fkiXj [\ dX[\iX p m`[i`f ZcXif% :XY\ XefkXi hl\ \o`jk\ ^iX[Xj `ek\i`fi\j [\ XZZ\jf X cX gcXekX XckX# Zfejkil`[Xj \e dX[\iX% <c }i\X [\ \jkX ZfejkilZ$ Z`Â?e \j [\ (.(%)' d)% J\ \eZl\ekiX \e dXc \jkX[f p k`\e\ leX \[X[ Xgifo`dX[X [\ +, XÂ&#x152;fj% :FEJKIL::@FE Ă&#x2C6;9Ă&#x2030;1 @dgcXekX[X p X[fjX[X \e gXik\ [\c Z\iiXd`\e$ kf Efik\ [\c k\ii\ef% D\[`X X^lX ]fidX[X gfi le YXÂ&#x152;f p le ZlXikf2 [\ gXi\[\j [\ cX[i`ccf \e gXik\ \eZclZ`[Xj p g`ekX[Xj p \e fkiX Zfe i\ZlYi`d`\ekfj [\ Xqlc\af X d\[`X XckliX2 ZlY`\ikX [\ dX[\$ iX Zfe k\Z_X[f [\ Z`eZ2 j`e Z`\cf iXjf2 g`jf gXm`d\ekX[f \e gXik\ p \e fkiX [\ YXc[fjX# gl\ikXj [\ dX[\iX kXdYfiX[Xj% <c }i\X [\ \jkX ZfejkilZZ`Â?e \j [\ (,%/' d)# j\ \eZl\ekiX \e dXc \jkX[f p k`\e\ leX \[X[ Xgifo`dX[X [\ *' XÂ&#x152;fj% +% F9I8J <OK<I@FI<J1 8 d}j [\c Z\iiXd`\ekf# \o`jk\ le gXk`f gXm`d\ekX[f# \e \c hl\ j\ \eZl\e$ kiX leX cXmXe[\iÂ&#x2C6;X [\ ) j\im`Z`fj g`\[iX [\ cXmXi ,% @E=I8<JKIL:KLI81 <c `edl\$ Yc\ Zl\ekX Zfe cfj j\im`Z`fj Y}j`$ Zfj [\ `e]iX\jkilZkliX# \j [\Z`i k`\e\ X^lX gfkXYc\# \e\i^Â&#x2C6;X \cÂ&#x201E;Z$ ki`ZX# XcZXekXi`ccX[f p k\cÂ&#x201E;]fef% -% 8M8CLF1 Cfj gi`eZ`gXc\j gXi}$ d\kifj kÂ&#x201E;Ze`Zfj# liYXeÂ&#x2C6;jk`Zfj#

ZfejkilZk`mfj hl\ _\ Zfej`[\iX[f gXiX \c XmXcÂ&#x2019;f jfe1 $ CfZXc`qXZ`Â?e [\c `edl\Yc\ Zfe i\jg\Zkf X cX gXiifhl`X% $ K`gf [\ mÂ&#x2C6;Xj [\ XZZ\jf Xc `edl\$ Yc\% $ Ljf [\ jl\cf [\c j\Zkfi \e \c hl\ j\ cfZXc`qX \c `edl\Yc\% $ LY`ZXZ`Â?e [\c \hl`gXd`\ekf liYXef p d}j j\im`Z`fj giÂ?o`dfj Xc `edl\Yc\% $ :XiXZk\iÂ&#x2C6;jk`ZXj p \[X[ [\ cXj ZfejkilZZ`fe\j% $ <o`jk\eZ`X f Xlj\eZ`X [\ cfj j\i$ m`Z`fj Y}j`Zfj [\ `e]iX\jkilZkliX% $ Gi\Z`f XZklXc [\ d\iZX[f [\ k\ii\efj d}j Z\iZXefj Xc `edl\Yc\ \e Zl\jk`Â?e% :FE:<GKF2 :8EK@;8;2 LE@;8;2 G% LE@K8I@F2 G% KFK8C K\ii\ef p F% <ok\i`fi\j2 )+/#''2 d)2 /'#''2 (0%/+'#'' :fejkilZZ`Â?e Ă&#x2C6;8Ă&#x2030;2 (.(#)'2 d)2 *'%''2 ,%(*-%'' :fejkilZZ`Â?e Ă&#x2C6;9Ă&#x2030;2 (,%/'2 d)2 *'#''2 +.+#'' KFK8C ),%+,'%'' <c XmXcÂ&#x2019;f [\c /,#.' [\ cfj [\i\$ Z_fj p XZZ`fe\j# [\ gifg`\[X[ [\ cfj [\dXe[X[fj ZÂ?epl^\j Ji% Cl`j =\ieXe[f J`^Z_X :_lhl` p JiX% AlXeX 8dgXif P}e\q GXZ_\Zf# hl\ _X j`[f \dYXi^X[f [\ekif [\ cX gi\j\ek\ ZXljX# \hl`mXc\ X )(%/('#-, JFE1 M<@EK@LE D @ C F:?F:@<EKFJ ;@<Q -,&('' ;FC8I<J <e \c [Â&#x2C6;X p _fiX j\Â&#x152;XcX[fj gXiX \c i\dXk\# j\ i\Z`Y`i}e f]\ikXj hl\ ZlYiXe gfi cf d\efj cXj [fj k\iZ\iXj gXik\j [\c XmXcÂ&#x2019;f [\ cfj [\i\Z_fj p XZZ`fe\j X i\dXkXij\# X[alekXe[f \c (' [\ cf f]i\Z`[f \e [`e\if \]\Zk`mf f Z_\hl\ Z\i$ k`]`ZX[f X efdYi\ [\ \jkX al[`ZX$ kliX% <c `edl\Yc\ \dYXi^X[f j\ \eZl\ekiX X ZXi^f [\c ;\gfj`kXi`f Al[`Z`Xc% ;i% ALC@F >FI;@CCF D8C;FE8;F Cf hl\ Zfdle`Zf p c\ efk`]`Zf Xc gÂ&#x2019;Yc`Zf \e ^\e\iXc gXiX cfj ]`e\j c\^Xc\j Zfej`^l`\ek\j ; I% < ;N @ E : <M8 C CFJ 8DGL;@8% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&((('+&k]

ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 8M@JF ;< I<D8K< J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf \e ^\e\iXc# hl\ \c [Â&#x2C6;X )/ [\ alc`f [\c )'((# [\j[\ cXj ZXkfiZ\ _fiXj _XjkX cXj [`\Z`fZ_f _fiXj

j\ cc\mXi} X ZXYf \e cX j\Zi\kXiÂ&#x2C6;X [\c Alq^X[f ;Â&#x201E;Z`df [\ cf :`m`c [\ G`Z_`eZ_X# [\ekif [\c al`Z`f [\ <dYXi^f p I\dXk\ Ef% 0.0$)''+ A:% I# \c I<D8K< [\c Y`\e \dYXi$ ^X[f M\_Â&#x2C6;Zlcf # ZlpXj ZXiXZk\iÂ&#x2C6;j$ k`ZXj jfe1 :8I8:K<IĂ JK@:8J ><E<I8C<J ;<C M<?Ă :LCF D8I:81 @JLQL DF;<CF1 =KI *)$D K@GF1 FDE@9LJ DFKFI1 >?<(/0(-,) :?8J@J1 A8C=KI*)DN*''')', GC8:8J1 GQB$++, :FCFI1 8QLC$9C8E:F XZklXc$ d\ek\ YcXeZf p ifaf 8zF1 (00/ :FE;@:@FE<J <OK<IE8J ;<C M<?Ă :LCF G8I89I@J8J ;<C =I<EK< IFKF :?FHL< =IFEK8C C<M< J@E :8AL<C8 <E <C C8;F @QHL@<I;F K8EHL< ;< :FD9LJK@9C< J@E K8G8 I8P8;F <E <C C8;F @QHL@<I;F :?FHL< <E C8 G8IK< KI8J<I8 ;<I<:?8 C8 :8IIF:<IĂ 8 J< <E:L<EKI8 :FE FO@;F I<KIFM@JFI ;<C C8;F ;<I<:?F IFKF :FE;@:@FE<J @EK<IE8J ;<C M<?Ă :LCF +( 8J@<EKFJ G8I8 G8J8A<IFJ *, :FE =FIIFJ :8IIF FO@;8;F GFI ;<EKIF P GFI =L<I8 :89@E8 <E GyJ@DF <JK8;F G8E<C ;< :FEKIFC IFKF# EF K@<E< I8;@F# K<C<M@J@äE K8DGF:F ;M; J< ;<J:FEF:< < C =LE:@FE8D@<EKF ;< C8 :8C<=8::@äE P ;< C8J CL:<J K8EKF @EK<IE8J :FDF <OK<IE8J MF C 8 E K < ; < K < I @ F I8 ; F @EJ<IM@9C< K@<E< =I<EF ;< D8EF P :FEKIFC ;< GL<IK8J GFIK8 <HL@G8A< @EK<IEF ;< CFJ ;FJ C8;FJ CC8EK8J C C 8 E K8 J ;<C C 8 ; F ; < I <: ? F# I < : F I I @ ; F 8GIFO@D8;8D<EK< , D<J<J C C 8 E K8 J ;<C C 8 ; F @ QH L @ < I ; F% I <:F I I @ ; F 8GIFO@D8;8D<EK< , D<J<J CC8EK8J ;<C C8;F @QHL@<I;F ;< C8 G8IK< KI8J<I8 @EJ<IM@9C<J CcXekXj [\ cfj Ylj\j gfi cf ^\e\iXc j\ cXj [\Y\ ZXdY`Xi ZX[X 0 X ('

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO DE LA ESCRITURA PĂ&#x161;BLICA DE AUMENTO DE CAPITAL Y REFORMA DE ESTATUTOS DE IQE DE ECUADOR S.A. Se comunica al pĂşblico que la compaùía IQE DE ECUADOR S.A. aumentĂł su capital en US$ 45.814,00 y reformĂł sus estatutos por escritura pĂşblica otorgada ante la Notaria TrigĂŠsima Primera del Distrito Metropolitano de Quito el 1 de Marzo de 2011. Actos societarios aprobados por la Superintendencia de Compaùías, mediante ResoluciĂłn No. SC.IJ.DJC.Q.11.002305 de 30 de Mayo de 2011 En virtud de la escritura pĂşblica mencionada, la compaùía reforma el artĂ­culo cuarto del Estatuto Social, de la siguiente manera: â&#x20AC;&#x153;ARTĂ?CULO CUARTO.- CAPITAL AUTORIZADO, SUSCRITO Y PAGADO.- El capital autorizado es de CIENTO ONCE MIL SEISCIENTOS VEINTIOCHO DĂ&#x201C;LARES DE LOS ESTADOS UNIDOS DE AMĂ&#x2030;RICA (US$ 111.628). El capital suscrito y pagado es de CINCUENTA Y CINCO MIL OCHOCIENTOS CATORCE DĂ&#x201C;LARES DE LOS ESTADOS UNIDOS DE AMĂ&#x2030;RICA (US$ 55.814), dividido en cincuenta y cinco mil ochocientas catorce acciones ordinarias y nominativas de un dĂłlar de los Estados Unidos de AmĂŠrica (US$ 1,00), de valor nominal cada una,...â&#x20AC;?. Distrito Metropolitano de Quito, 30 de Mayo de 2011

Quito, 03 de Junio de 2011. Dr. Oswaldo Noboa LeĂłn DIRECTOR JURĂ?DICO DE COMPAĂ&#x2018;Ă?AS AR/83166/cc

Ab. Hugo Arias Salgado INTENDENTE JURĂ?DICO AR/83161/cc


d\j\j% <OKI8J ;FJ 98K<IĂ 8J <E <JK8;F ;< ;<J:FDGFJ@:@äE J@E ?<II8D@<EK8J :FE;@:@FE<J ; < =LE:@FE8D@<EKF DFKFI J< <E:L<EKI8 <E 9L<E <JK8;F# 8C DFD<EKF ;< I<8C@Q8I <C 8M8CèF GI<:@F ;<C M<?Ă :LCF <C B@CFD<KI8A< ;<C 9LJ D8I:8 ),+%0+' ;< I<:FII@;F% Cl\^f [\ _XY\i i\Xc`qX[f le \jkl$ [`f [\ d\iZX[f \e Ylj\j [\ j`d`cX$ i\j Zfe[`Z`fe\j# dXiZXj p kfdXe$ [f \e Zl\ekX hl\ \c m\_Â&#x2C6;Zlcf \j [\c XÂ&#x152;f (00/ p hl\ [`Z_f m\_Â&#x2C6;Zlcf j\ ljXYX \e JXekf ;fd`e^f [\ cfj :fcfiX[fj [fe[\ cfj m\_Â&#x2C6;Zlcfj k`\e[\e X [`jd`el`i dXpfid\ek\ [\ dXe\iX XZ\c\iX[X jl m`[X Â&#x2019;k`c% <c XmXcÂ&#x2019;f [\c d`jdf \j [\ HL@E:< D@C ;äC8I<J LJ;% (,%'''#'' J\ i\Z`Y`i}e gfjkliXj hl\ ZlYiXe gfi cf d\efj \c Z`eZl\ekX gfi Z`\ekf [\c XmXcÂ&#x2019;f XgifYX[f# \e [`e\if \e \]\Zk`mf p&f Z_\hl\ Z\i$ k`]`ZX[f X cX fi[\e [\c Alq^X[f# gfi kiXkXij\ [\c j\^le[f j\Â&#x152;XcX$ d`\ekf# `e]fid\j \e cX j\Zi\kXiÂ&#x2C6;X [\ \jkX al[`ZXkliX p Ji% FjnXc[f D`Â&#x152;f# ;\gfj`kXi`f Al[`Z`Xc$ Al`Z`f <dYXi^f p I\dXk\ Ef# 0.0$)''+ A:I% ;I% <;>8I ?8IF M8C<EQL<C8 J<:I<K8I@F < ?Xp ]`idX p j\ccf 8:&.00/(&k]

ALQ>8;F ;< :F8:K@M8J ;<C 98E:F E8:@FE8C ;< =FD<EKF JL:LIJ8C 98<Q8 8M@JF ;< I<D8K< Gfe^f \e ZfefZ`d`\ekf \c gÂ&#x2019;Yc`Zf hl\ \c [Â&#x2C6;X M@<IE<J / ;< ALC@F ;<C )'((# [\j[\ cXj (+_'' _XjkX cXj (/_'' \e cXj f]`Z`eXj [\c Alq^X[f [\ :fXZk`mXj [\c 9XeZf EXZ`feXc [\ =fd\ekf JlZlijXc 9X\qX# lY`ZX[fj \e cX ZXcc\ (. [\ \e\if p cX DX[il^X[X# k\e[i} cl^Xi cX [`c`^\eZ`X [\c i\dXk\ [\c Y`\e iXÂ&#x2C6;q \dYXi^X[f [\ekif [\ cX gi\$ j\ek\ ZXljX# d`jdf hl\ \jk} `e[`$ m`[lXc`qX[f [\ cX j`^l`\ek\ dXe\$ iX1 Cfk\ [\ k\ii\ef iliXc j&e# ZlpX jlg\i]`Z`\ Xgifo`dX[X \j [\ :@<E ?<:KĂ?I<8J (''#ff _\Zk}i\Xj # lY`ZX[f \e \c j\Zkfi CXj GXcdXj 9p GXjj # [\ cX GXiifhl`X JXe =iXeZ`jZf [\ 9fiaX# :XekÂ?e Hl`afj# Gifm`eZ`X [\ EXgf# Z`iZlejZi`kf [\ekif [\ cfj j`^l`\ek\j c`e[\ifj1 EFIK<1 :fe I`XZ_l\cf JXi[`eXj

\e gXik\ p \e fkiX cX Hl\YiX[X [\ <c GXek\Â?e2 JLI1 :fe \c I`XZ_l\cf =fk}e p \e gXik\ leX Hl\YiX[X hl\ j\gXiX [\ cfj gfki\ifj JXe Afi^\ p JXe >l`cc\idf2 <JK<1 :fe \c IÂ&#x2C6;f Hl`afj2 p# F<JK<1 :fe ZXd`ef gÂ&#x2019;Yc`Zf% <e cX gifg`\[X[ \o`jk\e1 /'#ff _ [\ gXjkfj2 )'#ff _ [\ dfekXÂ&#x152;X# leX ZXjX [\ ((*#*/ d)% <c kfkXc [\c XmXcÂ&#x2019;f \j [\ :@<EKF :L8I<EK8 D@C J<K<:@<EKFJ :@E:L<EK8 P LE ;FC8I<J :FE -'&'' (+'%.,(#-' ? GlYcÂ&#x2C6;hl\j\ le \okiXZkf [\ \jk\ j\Â&#x152;XcXd`\ekf gfi ki\j fZXj`fe\j \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e d\[`Xe[f \eki\ glYc`ZXZ`Â?e p glYc`ZXZ`Â?e gfi cf d\efj \c kÂ&#x201E;i$ d`ef [\ fZ_f [Â&#x2C6;Xj p [\ cX Â&#x2019;ck`dX [\ \ccXj _XjkX \c [Â&#x2C6;X [\c i\dXk\%$ j\ ]`aXi}e cfj ZXik\c\j \e cX ]fidX hl\ [`jgfe\ \c 8ik% +,- [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% Gfi kiXkXij\ [\c GI@D<I J<z8C8D@<EKF j\ XZ\gkXi}e gfjkliXj Xc ZfekX[f f X gcXqfj# gfi \jZi`kf p hl\ ZlYiXe gfi cf d\efj cXj [fj k\iZ\iXj gXik\j [\c mXcfi `e[`ZX[f \e \c XmXcÂ&#x2019;f2 gi\]`i`\e[f XhlÂ&#x201E;ccXj hl\ f]i\qZXe \c gX^f [\ ZfekX[f% J\ [\Y\i} XZfdgXÂ&#x152;Xi \c (' [\c mXcfi [\ cX f]\ikX \e \]\Zk`mf f \e Z_\hl\ Z\ik`]`ZX[f X cX fi[\e [\c Al\q ;\c\^X[f [\ :fXZk`mXj [\c 9XeZf EXZ`feXc [\ =fd\ekf# JlZlijXc 9X\qX# Ef j\ kfdXi}e \e Zl\ekX cXj gfjkliXj hl\ j\ gi\$ j\ek\e j`e cX ]`idX [\ XYf^X[f$ <c i\dXk\ j\ cf _Xi} Zfdf Zl\igf Z`\ikf# [\ Zfe]fid`[X[ Zfe cf [`j$ gl\jkf \e \c 8ik% (..* [\c :Â?[`^f :`m`c% Cfj ^Xjkfj [\ kiXej]\i\eZ`X [\ [fd`e`f j\i}e [\ Zl\ekX [\c X[al[`ZXkXi`f# Zfe \oZ\gZ`Â?e [\ XhlÂ&#x201E;ccfj hl\ gfi dXe[Xkf [\ cX c\p [\Y\e j\i ZlY`\ikfj gfi \c gif$ g`\kXi`f [\c `edl\Yc\ Efk`]Â&#x2C6;hl\j\ p ZÂ&#x2019;dgcXj\% DXpfi `e]fidXZ`Â?e j\ [Xi} \e cX J\Zi\kXiÂ&#x2C6;X [\c Alq^X[f [\ :fXZk`mXj f X cfj eÂ&#x2019;d\ifj k\c\]Â?$ e`Zfj '-)*)'()-&'-)*)'+/, GXik`ZlcXi hl\ gfe^f \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf gXiX cfj ]`e\j c\^Xc\j% CF :<IK@=@:F 9X\qX# (- [\ DXpf [\c )'(( JikX% >`jZ\ccX :\mXccfj Jl}i\q J<:I<K8I@8 8;$?F: ?Xp ]`idX p j\ccf 8:&.0.+)&k]

ALQ>8;F :L8IKF ;< KI898AF ;< G@:?@E:?8 8M@JF ;< I<D8K< AL@:@F FI8C ;< KI898AF Ef% /.+$'.$::

J\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf \e ^\e\iXc hl\ \e cX J\Zi\kXi`X [\c Alq^X[f :lXikf [\c KiXYXaf [\ G`Z_`eZ_X# [\ cXj (+_'' X cXj (/_''# [\c [Â&#x2C6;X )( [\ ALE@F [\c )'((# j\ cc\mXi} X \]\Zkf \c I<D8K< [\ cfj Y`\e\j dl\Yc\j1 Le ZlX[if g`ekliX Xc Â?c\f jfYi\ c`\eqf k\dX KFIF [\c Xik`jkX E`XlgXi`# Le ZlX[if g`ekliX Zfe kÂ&#x201E;Ze`ZX d`okX k\okliX[f jfYi\ c`\eqf k\dX :898CCF [\c Xik`jkX Hl`cclgXe^l`# Le ZlX[if g`ekliX Xc Â?c\f d`okf k\okliX[f jfYi\ c`\eqf k\dX 9FJHL< M@I><E# [\c Xik`jkX Hl`cclgXe^l`# Le ZlX[if g`ekliX Xc Â?c\f jfYi\ c`\eqf k\dX >C8;@8;FI<J <E <C <JG8:@F [\c Xik`jkX Hl`cclgXe^l`# Le ZlX[if g`ekliX Xc Â?c\f jfYi\ c`\eqf Zfe dXiZf [\ dX[\iX k\dX ;<JEL;8 Xik`jkX 8eÂ?e`df# Le ZlX[if g`ekliX Xc Â?c\f d`okX k\okliX[f jfYi\ c`\e$ qf k\dX ?FD9I< 8=C@>@;F# [\c Xik`jkX Fie\kf# Le ZlX[if g`ekliX Xc Â?c\f jfYi\ c`\eqf Zfe dXiZf [\ dX[\iX k\dX HL@KF :FCFE@8C# [\c Xik`jkX J8EK@8>F# Le :I@JKF \e dX[\iX kXccX[X Zfcfi ZX]Â&#x201E; Zfe ZfifeX [\ gcXkX Xik`jkX 8eÂ?e`df# Le :I@JKF dX[\iX kXccX[X Zfcfi YcXeZf Xik`jkX 8eÂ?e`df# Le :fdglkX[fi gfikXk`c Zfcfi e\^if ?G GXY`ccfe ;M )'''# Zlpf XmX$ cÂ&#x2019;f g\i`Z`Xc XjZ`\e[\ X cX jldX [\ LJ; +%(''#ff%$ CXj gfjkliXj j\ i\Z`Y`i}e X gXik`i [\ Xhl\ccX hl\ ZlYiX cXj [fj k\iZ\iXj gXik\j [\c XmXcÂ&#x2019;f# gfi j\i gi`d\i j\Â&#x152;X$ cXd`\ekf# gi\m`X cX Zfej`^eXZ`Â?e [\c [`\q gfi Z`\ekf [\ cX f]\ikX# \e [`e\if \e \]\Zk`mf f \e Z_\hl\ Z\ik`]`ZX[f X fi[\e [\c Alq^X[f% Cfj `ek\i\jX[fj gl\[\e i\m`jXi cfj Y`\e\j X i\dXkXij\ gfe`Â&#x201E;e[fj\ \e ZfekXZkf Zfe \c j\Â&#x152;fi ;\gfj`kXi`f Al[`Z`Xc ;i% =i\[[p :\[\Â&#x152;f% ;I% D8I@F D<A@8 8IIF98 J<:I<K8I@F ;<C ALQ>8;F :L8IKF ;< KI898AF ;< G@:?@E:?8 8:&.0,(0&k]

ALQ>8;F F:K8MF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8 8M@JF AL;@:@8C ;< I<D8K< AL@:@F ;< 8C@D<EKFJ EIF% )/,+$)''+$:%C% J< GFE< <E :FEF:@D@<EKF ;<C GL9C@:F <E ><E<I8C HL< <E C8 J<:I<K8I@8 ;<C ALQ>8;F F:K8MF ;< C8 E@z<Q P 8;FC<J:<E:@8 ;< G@:?@E:?8# <C ;Ă 8 AL<M<J KI<@EK8 ;< ALE@F ;<C 8zF

I_ gk_[h[i be]hWh [b Â&#x192;n_je [d [b ckdZe cWjW jk YedY_[dY_W$ 9ED:; :; C?H78;7K

;FJ D@C FE:< 8 G8IK@I ;< C8J :8KFI:< ?FI8J ?8JK8 C8J ;@<:@F:?F ?FI8J# M8 8 K<E<I CL>8I <C I<D8K< ;<C 9@<E @EDL<9C< <D98I>8;F ;<EKIF ;< C8 GI<J<EK< :8LJ8# :FE CFJ ;8KFJ P D8J <JG<:@=@:8:@FE<J HL< J< ;<K8CC8E 8 :FEK@EL8:@FE% (%$ Cl^Xi [\ cX \og\ik`Z`X1 <c Y`\e `edl\Yc\ dfk`mf [\ cX [`c`^\eZ`X j\ \eZl\ekiX lY`ZX[f \e \c YXii`f cX ClZ_X [\ cfj GfYi\j# cfk\ Ef% )-# dXeqXeX P# gXjXa\ Ef% )# [\ cX gXiifhl`X <cfp 8c]Xif# [\c ZXekÂ?e Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X )%$ FYa\k`mf gi`eZ`gXc [\c `e]fid\1 :XiXZk\iÂ&#x2C6;jk`ZXj1 <c j\Zkfi Zl\ekX Zfe kf[fj cfj j\im`Z`fj [\ `e]iX$ \jkilZkliX p \hl`gXd`\ekf liYX$ ef# Zfdf \j XcZXekXi`ccX[f# X^lX gfkXYc\# \e\i^Â&#x2C6;X \cÂ&#x201E;Zki`ZX# i\[ k\c\]Â?e`ZX# XZ\iXj# Yfi[`ccfj# mÂ&#x2C6;Xj X[fhl`eX[Xj% <c `edl\Yc\ \jk} Zfe]`^liX[f [\ le cfk\ [\ k\ii\ef [\ ]fidX i\ZkXe^lcXi Zfe kfgf^iX$ ]Â&#x2C6;X `eZc`eX[X *%$ C`e[\ifj [\c k\ii\ef1 EFIK<1 :fe \c gXjXa\ [fj \e leX cfe^`kl[ [\ )'#'' d\kifj JLI1 :fe \c cfk\ eÂ&#x2019;d\if m\`ek\ p j`\k\ \e leX cfe^`kl[ [\ )'#'' d\kifj <JK<1 :fe \c gXjXa\ lef \e leX cfe^`kl[ [\ 0#'' d\kifj F<JK<1 :fe \c cfk\ eÂ&#x2019;d\if ki\`ekX p ZlXkif \e leX cfe^`kl[ [\ 0#'' d\kifj +%$ Jlg\i]`Z`\ [\c k\ii\ef1 :@<EKF F:?<EK8 D<KIFJ :L8;I8;FJ (/'#''d) ,%$ :fejkilZZ`fe\j \o`jk\ek\j1 <c `edl\Yc\ k`\e\ [fj ZfejkilZZ`fe\j [\ leX gcXekX [\jk`eX[Xj X m`m`\e$ [X%$ :FEJKIL::@äE <O@JK<EK< Ef% ( %$ LeX gcXekX gi`eZ`gXc # jlj XdY`\ek\j jfe1 jXcX# Zfd\$ [fi# ZfZ`eX# [fj [fid`kfi`fj2 jl \jkilZkliX \j [\ _fid`^Â?e XidX[f \e Z`d`\ekfj# ZX[\eXj# ZfcldeXj2 DXdgfjk\iÂ&#x2C6;X [\ Ycf$ hl\2 I\ZlYi`d`\ekfj1 \eclZ`[f1 `ek\i`fi p \ok\i`fi# G`ekX[f1 `ek\$

i`fi# Z\i}d`ZX [\ g`jf \e1 ZfZ`eX# jXcX# Zfd\[fi2 <eki\g`jfj1 g`jf [\ _fid`^Â?e j`dgc\2 :fY\ikliX1 cfjX [\ _fid`^Â?e XidX[f2 Gl\ikXj1 \ok\i`fi1 \j [\ dX[\iX p d\k}c`ZX# `ek\i`fi1 \j [\ dX[\iX2 M\ekXeXj1 _`\iif# m`[i`f p gifk\Z$ Z`fe\j d\k}c`ZXj2 @ejkXcXZ`fe\j \cÂ&#x201E;Zki`ZXj1 \dgfkiX[Xj \e i\^lcXi \jkX[f2 @ejkXcXZ`fe\j jXe`kXi`Xj1 \dgfkiX[Xj \e i\^lcXi \jkX[f2 <jkX[f1 i\^lcXi ]XckX k\id`eXi 2 Ă?i\X [\ ZfejkilZZ`Â?e Ef% ( m`m`\e$ [X 1 ,/#('d)%$ :FEJKIL::@äE <O@JK<EK< Ef% ) %$ LeX gcXekX d\[`Xj X^lXj 2 8dY`\ek\j1 ZfZ`eX# [fj [fid`kfi`fj# le YXÂ&#x152;f# leX Yf[\^X2 <jkilZkliX1 Ycfhl\ kiXYX[f2 DXdgfjk\iÂ&#x2C6;X1 Ycfhl\2 I\ZlYi`d`\ekfj1 \eclZ`[f1 `ek\$ i`fi p \ok\i`fi# g`ekX[f1 `ek\i`fi2 <eki\g`jfj1 g`jf [\ _fid`^Â?e j`dgc\2 :fY\ikliX1 dX[\iX p q`e^2 Gl\ikXj1 \ok\i`fi1 \j d\k}c`ZX2 M\ekXeXj1 _`\iif p gifk\ZZ`fe\j d\k}c`ZXj2 <jkX[f1 dXcf ]XckX dXe$ k\e`d`\ekf 2 Ă?i\X [\ :fejkilZZ`Â?e Ef% ) d\[`Xj X^lXj 1 0+#*'d)% -%$ 8mXcÂ&#x2019;f1 M<@EK< P EL<M< D@C EFM<:@<EKFJ KI<@EK8 P :@E:F ;FC8I<J 8D<I@:8EFJ LJ;% )0%0*,#ff # j\^Â&#x2019;e `e]fid\ jljZi`$ kf gfi \c g\i`kf `e^\e`\if =XY`}e MXi^Xj p ;\gfj`kXi`f al[`Z`Xc [fZ$ kfi =i\[[p :\[\Â&#x152;f# [\ ]\Z_X (- [\ fZklYi\ [\c )''0% GFI KI8K8IJ< ;<C GI@D<I J<z8C8D@<EKF J< I<:<GK8I8E GFJKLI8J ;<J;< 8HL<CC8J HL< :L9I8E C8J ;FJ K<I:<I8J G8IK<J ;<C 8M8CLF KFK8C# :FEJ@>E8E;F <C ;@<Q GFI :@<EKF ;< C8 D@JD8 <E ;@E<IF <E <=<:K@MF F :?<HL< :<IK@=@:8;F 8 EFD9I< ;<C ALQ>8;F Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p ;I% ;@<>F :8D8:?F :?8M<Q J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.0-/-&k]

ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8% 8M@JF AL;@:@8C ;< I<D8K< J\ _XZ\ ZfefZ\i Xc gÂ&#x2019;Yc`Zf \e ^\e\iXc# gXiX cfj ]`e\j [\ C\p Zfej`^l`\ek\j# hl\ gfi [`jgfj`$ Z`Â?e [\c j\Â&#x152;fi Al\q :lXikf [\ cf :`m`c [\ G`Z_`eZ_X# [`ZkX[X \e cX ZXljX <A<:LK@MF Ef% 0(.$'/ G:? # \c [Â&#x2C6;X hl\ ZfekXi\dfj (( [\ alc`f [\c )'((# [\j[\ cXj ZXkfi$ Z\ _XjkX cXj [`\Z`fZ_f _fiXj# \e cX J\Zi\kXiÂ&#x2C6;X [\ \jkX al[`ZXkliX# j\ \]\ZklXi} \c I\dXk\ [\c Y`\e `edl\Yc\ dXk\i`X [\ cX gi\j\ek\ ZXljX # ZlpXj ZXiXZk\iÂ&#x2C6;jk`ZXj j\ [\kXccXe X Zfek`elXZ`Â?e1 L9@:8:@äE ;<C @EDL<9C<1 <c `edl\Yc\ dXk\i`X [\c \jkl[`f j\ \eZl\ekiX lY`ZX[f \e cX gifm`eZ`X [\ G`Z_`eZ_X# ZXekÂ?e Hl`kf# gXiif$ hl`X JXe J\YXjk`}e# cfk\ E% /++# LiYXe`qXZ`Â?e <[Â&#x201E;e [\c MXcc\% C@E;<IFJ J@E>LC8I<J P JLG<I=@:@< ;<C @EDL<9C< EFIK<1 Cfk\ E% /+,# \e leX \ok\ej`Â?e [\ (,%''d JLI1 Cfk\ E% /+* \e leX \ok\ej`Â?e [\ (,%''d <JK<1 :Xcc\ E% ( ?fp Afi^\ >l\ii\if \e leX \ok\ej`Â?e [\ 0%''d% F<JK<1 :fe \c cfk\ E% /** \e leX \ok\ej`Â?e [\ 0%''d% Jlg\i]`Z`\ [\c cfk\ \j [\ Z`\ekf ki\`ekX p Z`eZf d\kifj ZlX[iX[fj (*,d) ;<J:I@G:@äE <JG8:@8C ;< C8 :FEJKIL::@FE ;\c e`m\c \e gcXekX YXaX1 JXcX :fd\[fi :fZ`eX Le YXÂ&#x152;f ]Xd`c`Xi LeX Yf[\^X Le gXk`f [\ j\im`Z`f LeX cXmXe[\iÂ&#x2C6;X ;\c e`m\c \e gcXekX XckX1 :lXkif [fid`kfi`fj LeX YXÂ&#x152;f ]Xd`c`Xi# \c XmXeZ\ [\ fYiX \j gXiZ`Xc Le _Xcc [\ [`jki`YlZ`Â?e ;\ cX Z`iZlcXZ`Â?e m\ik`ZXc1 J\ kiXkX [\ leX ^iX[X `ek\ieX [\ dX[\iX [\j[\ \c ZlXc j\ XZZ\[\ X cX gcXekX XckX% I<;<J ;< @E=I8<JKIL:KLI81 MÂ&#x2C6;X Zfc`e[Xek\1 8lkfg`jkX >\e\iXc Ild`Â&#x152;X_l` KiXejgfik\ GÂ&#x2019;Yc`Zf1 CÂ&#x2C6;e\X [\ kiXejgfik\ Zfc\Zk`mf 8^lX GfkXYc\1 I\[ Dle`Z`gXc [\ X^lX gfkXYc\ <e\i^Â&#x2C6;X <cÂ&#x201E;Zki`ZX1 I\[ gÂ&#x2019;Yc`ZX Ă&#x2020; ^\e\iXc [\ \e\i^Â&#x2C6;X \cÂ&#x201E;Zki`ZX 8cZXekXi`ccX[f1 I\[ [\ XcZXekXi`$ ccX[f gÂ&#x2019;Yc`Zf

REPĂ&#x161;BLICA DEL ECUADOR SUPERINTENDENCIA DE BANCOS Y SEGUROS

EXTRACTO DE LA ESCRITURA PĂ&#x161;BLICA DE CAMBIO DE DENOMINACIĂ&#x201C;N Y REFORMA DEL ESTATUTO SOCIAL DE STERLING RE INTERMEDIARIO DE REASEGUROS S.A. Se comunica al pĂşblico en general que STERLING RE INTERMEDIARIO DE REASEGUROS S.A. mediante escritura pĂşblica otorgada ante el Notario Cuarto Encargado, del cantĂłn Quito, el 6 de mayo de 2011, cambiĂł su denominaciĂłn por la de COMPAĂ&#x2018;Ă?A INTERMEDIARIA DE REASEGUROS ROYALTY-RE S.A., y reformĂł el estatuto social.

EXTRACTO De conformidad con lo establecido en el artĂ­culo 43 del Reglamento de Concesiones y Permisos de OperaciĂłn, se pone en conocimiento del pĂşblico en general, que mediante ResoluciĂłn No. 41/2011, 1 de junio del 2011, el Presidente del Consejo Nacional de AviaciĂłn Civil, acepta a trĂĄmite la siguiente solicitud: NOMBRE DE LA COMPAĂ&#x2018;Ă?A: ROTOR WAYS SERVICIO S.A. REPRESENTANTE LEGAL: Sra. MarĂ­a Isabel VelĂĄsquez Santana. ABOGADO: Dr. SebastiĂĄn Navarro Egas.

Quienes se creyeren perjudicados en sus intereses y con derecho pueden presentar su oposición ante uno de los jueces de lo Civil del domicilio principal de la compaùía, que lo tiene ubicado en el Distrito Metropolitano de Quito, dentro del tÊrmino de seis días contados desde la fecha de la última publicación de este extracto. El juez que reciba la oposición y/o el accionante notificarå a esta Superintendencia, hasta dentro de dos días håbiles posteriores al último seùalado para presentar la oposición, conjuntamente con la copia de la petición y la providencia a ella recaída. Quito, Distrito Metropolitano, veintisÊis de mayo de dos mil once

SOLICITUD: ObtenciĂłn de una concesiĂłn de operaciĂłn del servicio de transporte aĂŠreo, pĂşblico, domĂŠstico, no regular, en la modalidad de taxi aĂŠreo, de pasajeros y carga, en forma combinada, en todas las rutas que la capacidad operacional de las aeronaves propuestas lo permitan dentro de todo el territorio nacional y regiĂłn insular del Ecuador. Los equipos de vuelo a operar son: -

-

HelicĂłptero EUROCOPTER, modelo LAMA SA315B, con capacidad de un (1) piloto mĂĄs cinco (5) pasajeros, arrendado bajo la modalidad de â&#x20AC;&#x153;dry leasingâ&#x20AC;?. HelicĂłptero EUROCOPTER, modelo ECUREUIL AS350 series, con capacidad de un (1) piloto mĂĄs seis (6) pasajeros, arrendado bajo la modalidad de â&#x20AC;&#x153;dry leasingâ&#x20AC;?;

Dado en el Distrito Metropolitano de Quito, a 1 de junio del 2011

Ab. Luis Cabezas-Klaere SECRETARIO GENERAL

Dr. Julio Carrera Grijalva SECRETARIO GENERAL DEL CONSEJO NACIONAL DE AVIACIĂ&#x201C;N CIVIL AR/83135/cc

AB/29303/cc

Ĺ? Ä&#x2021;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä

Ĺ? +. Ĺ? Ä&#x152;Ĺ? K\c\]feÂ&#x2C6;X1 I\[ k\c\]Â?e`ZX :EK J8 8M8CLF @EDL<9C<1 JFE : @ E : L < E K8 D @ C ;FJ:@<EKFJ KI<@EK8 P EL<M< ;FC8I<J 8D<I@:8EFJ :FE :@E:L<EK8 P :@E:F :<EK8MFJ ,'#)*0%,, Gfi kiXkXij\ [\c gi`d\i j\Â&#x152;X$ cXd`\ekf# kf[X gfjkliX [\Y\i} ZlYi`i gfi cf d\efj cXj [fj k\iZ\$ iXj gXik\j [\c XmXcÂ&#x2019;f giXZk`ZX[f% 8 ZX[X gfjkliX# [\Y\i} XZfdgXÂ&#x152;Xi$ j\ \c [`\q gfi Z`\ekf [\c mXcfi [\ cX f]\ikX# \e [`e\if \e \]\Zk`mf f \e Z_\hl\ Z\ik`]`ZX[f X cX fi[\e [\ \jkX Al[`ZXkliX% :\ik`]`Zf%$Hl`kf# (/ [\ dXpf [\c )'((% CZ[f% Cl`j 9XiX_feX Dfi\ef J<:I<K8I@F \ ?Xp ]`idX p j\ccf 8:&.0/..&k] 8M@JF ;< I<D8K< ALQ>8;F ;< :F8:K@M8J ;<C 98E:F E8:@FE8C ;< =FD<EKF JL:LIJ8C 98<Q8 Gfe^f \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`$ Zf hl\ \c [Â&#x2C6;X D8IK<J () ;< ALC@F ;<C )'(( [\j[\ cXj (+_'' _XjkX cXj (/_''# \e cXj f]`Z`eXj [\c Alq^X[f [\ :fXZk`mXj [\c 9XeZf EXZ`feXc [\ =fd\ekf JlZlijXc 9X\qX# lY`$ ZX[Xj \e cX 8m% Gi`eZ`gXc p ZXcc\ (. [\ \e\if# j\ cc\mXi} X ZXYf <C I<D8K< [\c `edl\Yc\ \dYXi^X$ [f \e \jkX ZXljX# \c d`jdf hl\ k`\e\ cXj j`^l`\ek\j ZXiXZk\iÂ&#x2C6;j$ k`ZXj1 GI<;@F LI98EF :FE :FEJKIL::@FE<J J@>E8;F :FE <C EèD<IF )*,# lY`ZX[f \e cX LiYXe`qXZ`Â?e Dle`Z`gXc El\mX 8e[XclZÂ&#x2C6;X [\ cX Z`l[X[ [\ 9X\qX# :XekÂ?e Hl`afj# Gifm`eZ`X [\ EXgf2 Z`iZlejZi`kf [\ekif [\ cfj j`^l`\e$ k\j c`e[\ifj p [`d\ej`fe\j1 EFIK<1 :fe \c cfk\ Ef% )*+# \e (- d\kifj2 JLI1 :fe cX ZXcc\ JldXZf \e (-%'' d\kifj2 <JK<1 :fe \c cfk\ Ef% )*.# \e *' d\kifj2 p# F<JK<1 :fe \c cfk\ Ef% ** \e *' d\kifj# CF HL< EFJ ;8 LE8 :89@;8 8GIFO@D8;8 ;< +/'D)# ;@JKI@9L@;8J ;< C8 J@>L@<EK< D8E<I81 K<II<EF +/' D) 8 I8QäE ;< ),%'' LJ; :&D)4 ()%'''LJ; :8J8 (/(%), D) 8 I8QäE ;< /'%'' LJ; :&D)4 (+%,'' LJ; <C M8CFI KFK8C ;<C 8M8CèF ;< <JK8 GIFG@<;8; 8J:@<E;< 8 M<@EK< P J<@J D@C HL@E@<EKFJ ''&('' LJ;% )-%,''%'' LJ; Gfi kiXkXij\ [\c J<>LE;F J<z8C8D@<EKF# j\ i\Z\gkXi}e gfjkliXj hl\ ZlYiXe gfi cf d\efj cX d`kX[ ,' [\c mXcfi [\c XmX$ cÂ&#x2019;f2 Xj`d`jdf ef j\ XZ\gkXi}e cXj gfjkliXj hl\ ef j\ XZfdgXÂ&#x152;\e Zfe gfi cf d\efj \c (' [\c mXcfi kfkXc [\ cX f]\ikX \e [`e\if \]\Zk`mf f \e Z_\hl\ Z\ik`]`ZX[f X cX fi[\e [\c Al\q [\ :fXZk`mXj [\c 9XeZf EXZ`feXc [\ =fd\ekf# JlZlijXc 9X\qX% Ef j\ kfdXi}e \e Zl\ekX cXj gfjkliXj hl\ j\ gi\j\ek\e j`e cX ]`idX [\ XYf^X[f$ <c i\dXk\ j\ cf _Xi} Zfdf Zl\igf Z`\ikf# [\ Zfe]fid`[X[ Zfe \c 8ik% (..* [\ cX :f[`]`ZXZ`Â?e [\c :Â?[`^f :`m`c% Kf[fj cfj ^Xjkfj hl\ j\ fZXj`feX$ i\e Zfe dfk`mf [\ cX kiXej]\i\e$ Z`X [\ [fd`e`f [\ [`Z_f `edl\Yc\ j\i}e [\ Zl\ekX [\c X[al[`ZXkXi`f# Zfe \oZ\gZ`Â?e [\ Xhl\ccfj hl\ gfi \ogi\jf dXe[Xkf c\^Xc [\YXe j\i gX^X[Xj gfi \c ZfXZk`mXqf% DXpfi `e]fidXZ`Â?e j\ [Xi} \e cX J\Zi\kXiÂ&#x2C6;X [\c Alq^X[f [\ :fXZk`mXj f X cfj eÂ&#x2019;d\ifj k\c\$ ]Â?e`Zfj '-)*)'$()-&'-)*)'+/, GXik`ZlcXi hl\ gfe^f \e ZfefZ`$ d`\ekf [\c gÂ&#x2019;Yc`Zf gXiX cfj ]`e\j c\^Xc\j :<IK@=@:F% 9X\qX# '+ [\ XYi`c [\c )'(( JikX% >`jZ\cX :\mXccfj Jl}i\q J<:I<K8I@8 8;$?F: ?Xp ]`idX p j\ccf 8:&.0.+(&k]

JF:@<;8; :FEPL>8C I<GL9C@:8 ;<C <:L8;FI ALQ>8;F M@>yJ@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 C8 J<zFI8 9<KP P8E<K? 8CD<@;8 <JG@EFQ8 AL@:@F1 M<I98C JLD8I@F Ef% (.*/$)'(' I%:% 8:KFI%$ D8EL<C ?<ID@E@F :8II@FE C@J8C;<Q ;<D8E;8;8%$ 9<KP P8E<K? 8CD<@;8 <JG@EFQ8 F9A<KF1 ;@JFCM<I C8 JF:@<;8; :FEPL>8C

Ä&#x2C6;

=LE;8D<EKF C<>8C%$ 8IK% /(* [\c ZÂ?[`^f [\ gifZ\[`d`\ekf Z`m`c :L8EKĂ 81 @E;<K<ID@E8;8 ;FD@:@C@F C<>8C1 :Xj`cc\if Al[`Z`Xc Eif% (*0* [\c ;i% IXÂ&#x2019;c Cffi 8LKF ;< :8C@=@:8:@FE%$ ALQ>8;F M@>yJ@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j (( [\ dXiqf [\c )'((# cXj ((_*'%$M@JKFJ%$ LeX m\q hl\ j\ _X [X[f Zldgc`d`\ekf X cf [`jgl\jkf \e gifm`[\eZ`X gi\$ Z\[\ek\# j\ ZXc`]`ZX cX [\dXe[X Zfdf ZcXiX# Zfdgc\kX p Zfek\ek`mX [\ cfj i\hl`j`kfj gi\Z\gklX[fj \e cfj XikÂ&#x2C6;Zlcfj -. p -/ [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c2 Zfej\Zl\e$ k\d\ek\# X[d`k`Â&#x201E;e[fcX Xc ki}d`k\ <jg\Z`Xc%$ ;\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /(+ [\c :Â&#x17D;[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x17D;iiXj\ kiXjcX[f Zfe cX g\k`Z`Â&#x17D;e `e`Z`Xc p \c Zfek\e`[f [\ \jk\ Xlkf X cX j\Â&#x152;fiX1 9\kkp PXe\k_ 8cd\`[X <jg`efqX# gfi \c kÂ&#x2026;id`ef [\ ki\j [`Xj# gXiX cfj i\jg\Zk`mfj ]`e\j [\ C\p%$ :Â&#x2030;k\j\ X cX [\dXe[X[X gfi d\[`f [\ cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf p \e Z`l[X[ [\ DXeXYÂ&#x2C6;%$ 8^iÂ&#x2026;^l\j\ \c [fZl$ d\ekf XZfdgXÂ&#x152;X[f%$ KÂ&#x2026;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc [\j`^eX[f gfi \c ZfdgXi\Z`\ek\ gXiX jlj gfjk\i`fi\j efk`]`ZXZ`f$ e\j # p# cX Xlkfi`qXZ`Â&#x17D;e Zfe]\i`[X X jl 8Yf^X[X [\]\ejfiX X ]Â&#x2030;e [\ hl\ `ek\im\e^X [\ekif [\ cX gi\$ j\ek\ ZXljX%$ 8ZkÂ&#x201C;\ \c C`Z% >l`[f <jg`efqX# \e ZXc`[X[ [\ J\Zi\kXi`f [\ \jkX Al[`ZXkliX# \e m`ikl[ [\ cX 8ZZ`Â&#x17D;e [\ G\ijfeXc Eif% )).'$ ;G$;GG# [\ (* [\ FZklYi\ [\c )'('%$Efk`]Â&#x2030;hl\j\%$ ;I% IL9<E >@C<I :<;<zF% <C AL<Q Cf hl\ Zfdle`Zf X Ljk\[ p C< :@KF gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^X$ Z`Â?e hl\ k`\e\ \c [\dXe[X[f [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc# gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j%$ C@:% >L@;F <JG@EFQ8 J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.0,'(&k]

I% ;<C <% ALQ>8;F M@><J@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8 AL8E 8C9<IKF <JG@EFJ8 =CFI<J AL@:@F1 ;@JFCL:@FE ;< C8 JF:@<;8; :FEPL>8C Ef% (-./$ )''0$:%>% 8:KFI1 D8I@8 FC>8 CLE8 G8QD@zF ;<D8E;8;F1 AL8E 8C9<IKF <JG@EFJ8 =CFI<J =LE;8D<EKF C<>8C%$ 8ik% (0+# eld\iXc +kf# [\c :Â?[`^f :`m`c% :L8EK@81 @e[\k\id`eX[X ;FD@:@C@F C<>8C1 0)- ;i% IXd`if Fjfi`f ALQ>8;F M@><J@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j )+ [\ dXpf [\c )'((# cXj (-_*+%$M@JKFJ%$ LeX m\q hl\ j\ _X [X[f Zldgc`d`\ekf X cf fi[\$ eX[f \e gifm`[\eZ`X gi\Z\[\ek\ j\ [`jgfe\1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f%$ CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX X ki}d`$ k\ <jg\Z`Xc% :fej\Zl\ek\d\ek\# ZÂ?iiXj\ kiXjcX[f Zfe \c Zfek\e`[f [\ cX [\dXe[X p \jkX gifm`[\eZ`X Xc [\dXe[X[f1 AL8E 8C9<IKF <JG@EFJ8 =CFI<J gfi \c kÂ&#x201E;id`$ ef [\ ki\j [Â&#x2C6;Xj# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /(+ [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ <e dÂ&#x201E;i`kf Xc aliXd\ek\ i\e[`[f gfi cX XZZ`feXek\# ZÂ&#x2C6;k\j\ Xc XZZ`f$ eX[f d\[`Xek\ glYc`ZXZ`fe\j [\ gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;X$ cX[f gfi cX XZkfiX# cX [\j`^eXZ`Â?e [\ jl [\]\ejfi p cX ]XZlckX[ hl\ c\ ZfeZ\[\ gXiX hl\ jljZi`YX ZlXekf \jZi`kf j\X e\Z\jXi`f \e [\]\ejX [\ jlj `ek\i\j\j [\ekif [\ cX gi\j\ek\ ZXljX%$ :@K<J< P EFK@=@HL<J< ;I% IL9<E >@C<I :<;<zF AL<Q Cf hl\ c\ Zfdle`Zf X Ljk\[ p C< :@KF gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^X$ Z`Â?e hl\ k`\e\ \c [\dXe[X[f [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc# gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j% C@:% >L@;F <JG@EFQ8 <% J<:I<K8I@F ?Xp le j\ccf 8%:%&.00/+

Ĺ? Ĺ?

Ĺ?


Ĺ? Ĺ?

Ĺ?

Ä&#x2030;

Ĺ? Ä&#x2021;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä

Ĺ? +. Ĺ? Ä&#x152;Ĺ?

M8I@FJ I% [\c <% <OKI8:KF AL;@:@8C :@K8:< 8 CFJ ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;<C J<zFI 8GFCF IF9@EJFE G<IL>8:?@ :<M8CCFJ :8LJ8 E%$ (+)$)'(( AL@:@F 8 G < IK L I8 ; < JL:<:@FE<J 8:KFI1 <;N@E 8 G F CF G<IL>8:?@ Fz8 ;<D8E;8;F1 IF9@EJFE 8GFCF G<IL>8:?@ <JKI<CC8# >CFI@8 <JK8IC<P P <ED8 A<8E<K? <JKI<CC8 J8C8>8;F 8JLEKF1 8g\ikliX [\ jlZ\Z`f$ e\j GIFM@;<E:@8 ALQ>8;F ;<:@DF :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ :XpXdY\# X ). [\ XYi`c [\c )'((2 cXj ('_*'%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX [\dXe[X hl\ Xek\Z\[\ \e m`i$ kl[ [\ cX 8ZZ`Â?e [\ G\ijfeXc Ef )'.*$;EG# [\c '( [\ [`Z`\dYi\ [\c )'('%$ <e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\Â&#x2019;e\ cfj i\hl`j`kfj c\^Xc\j%$ Gfi _XY\ij\ aljk`]`ZX[f \c ]Xcc\Z`d`\ekf [\c j\Â&#x152;fi 8gfcf IfY`ejfe G\il^XZ_` :\mXccfj Zfe cX gXik`[X [\ [\]le$ Z`Â?e hl\ fYiX X ]aj% ,# j\ [`jgfe\ hl\ j\ gifZ\[X X cX ]fidXZ`Â?e [\c `em\ekXi`f p kXjXZ`Â?e [\ cfj Y`\e\j jlZ\jfi`fj [\aX[fj gfi \c ZXljXek\ Xek\j d\eZ`feX[f# gXiX cf ZlXc cXj gXik\j `ej`elXi}e jlj i\jg\Zk`mfj g\i`kfj \e \c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj%$ <e Zfej\Zl\eZ`X# :@K<J< Zfe cX [\dXe[X p \c gi\$ j\ek\ Xlkf X cfj _\i\[\ifj Zfef$ Z`[fj IfY`ejfe 8gfcf p >cfi`kX JZXic\p G\il^XZ_` <jki\ccX# \e cX g\ijfeX [\ jl dX[i\ p i\gi\j\e$ kXek\ c\^Xc cX j\Â&#x152;fiX <edX AXe\k_ <jki\ccX JXc^X[f# \e iXqÂ?e [\ cX d`efiÂ&#x2C6;X [\ \[X[ [\ [`Z_fj _\i\[\$ ifj# XjÂ&#x2C6; Zfdf kXdY`Â&#x201E;e ZÂ&#x2C6;k\j\ X cX d\eZ`feX[X j\Â&#x152;fiX <edX AXe\k_ <jki\ccX JXc^X[f# \e jl Zfe[`Z`Â?e [\ ZÂ?epl^\ jfYi\m`m`\ek\# \e \c [fd`Z`c`f hl\ j\ `e[`ZX \e cX [\dXe[X%$ 8k\ekf \c aliXd\ekf hl\ _X i\e[`[f \c XZkfi p [\ Zfe$ ]fid`[X[ Zfe cf hl\ [`jgfe\ \c Xik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# X cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\c [\ Zlplj 8gfcf IfY`ejfe G\il^XZ_` :\mXccfj# :@K<J< d\[`Xek\# ki\j glYc`ZX$ Z`fe\j \e le g\i`Â?[`Zf [\ dXpfi Z`iZlcXZ`Â?e X e`m\c eXZ`feXc# \e iXqÂ?e [\ hl\ \e \jkX cfZXc`[X[ ef \o`jk\ e`e^lef%$ ;\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c Xik% (''' [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# `ejZiÂ&#x2C6;YXj\ cX gi\j\ek\ [\dXe[X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c ZXekÂ?e :XpXdY\%$ 8^iÂ&#x201E;^l\j\ X cfj Xlkfj cfj [fZld\ekfj hl\ j\ X[alekXe X cX [\dXe[X%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc p cX Xlkfi`qXZ`Â?e hl\ Zfe]`\i\ cX XZkfiX X jl 8Yf^X[X [\]\ejfiX%$ :@K<J< P EFK@=@HL<J<%$ ;i% IlYÂ&#x201E;e GXqd`Â&#x152;f ;\ CX Kfii\ AL<Q (+ ;< CF :@M@C ;< G@:?@E:?8 <o`jk\ ]`idX Cf hl\ gfe^f \e jl ZfefZ`d`\e$ kf gXiX cfj ]`e\j c\^Xc\j Zfej`$ ^l`\ek\j# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc [\ XZl\i[f X cX C\p gXiX gfjk\i`fi\j efk`]`ZXZ`f$ e\j# [\ekif [\c g\iÂ&#x2C6;d\kif c\^Xc [\c Alq^X[f ;Â&#x201E;Z`df :lXikf [\ cf :`m`c [\ G`Z_`eZ_X \e :XpXdY\%$ :\ik`]`Zf% J\Zi\kXi`f% <o`jk\ ]`idX p j\ccf% 8%G%&+0*'+&b%d% I<GL9C@:8 ;<C <:L8;FI

ALQ>8;F J<>LE;F ;< CF :@M@C ;< JL:LD9@FJ JL:LD9@FJ Ă&#x2020; <:L8;FI Ă&#x2020; J?LJ?L=@E;@ <OKI8:KF AL;@:@8C :@K8:@FE AL;@:@8C 81 ?<I<;<IFJ ;<C :8LJ8EK< ?<IDFJ8 Q8D9I8EF 8C9<IKF ><ID8E 8::@FE8EK<J1 B<KKP P<EEP :<;<zF JFCFIQ8EF P =LCKFE <L:C@;<J :8II8EQ8 CFFI ;<D8E;8;FJ1 D 8 I @ 8 =<IE8E;8 ;< C8 GL<EK<# AFJ< D@>L<C ?<IDFJ8 ;< C8 GL<EK< P D8I@8# AFJ< D@>L<C P D8I@8 ?<IDFJ8 ;< C8 GL<EK<# 8E@98C 8CM8IQ P 8 CFJ ;<D8J ?<I<;<IFJ# GI<JLEKFJ F ;<J:FEF:@;FJ :8LJ81 8DG8IF GFJ<JFI@F KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 GIF:<JF Eif%$ (+-$)'(( AL<Q1 8Y% <ie\jkf J\iiXef 9fe`ccX% GIFM@;<E:@81 ALQ>8;F J<>LE;F ;< CF :@M@C ;< JL:LD9@FJ%$ J_lj_l]`e[`# X (* [\ DXpf [\c )'((%$ CXj ('?1+'%$ M@JKFJ1 CX [\dXe[X [\ 8DG8IF GFJ<JFI@F Eif% (+- [\c )'((# gi\j\ekX[X gfi B<KKP P<EEP JFCFIQ8EF# \e Zfe$ kiX [\ ?\i\[\ifj ;\c :XljXek\ ?<IDFJ8 Q8D9I8EF 8C9<IKF ><ID8E# j\ ZXc`]`ZX [\ ZcXiX p Zfdgc\kX# gfi cX hl\ j\ cX X[d`k\ X kiXd`k\ \e cX mÂ&#x2C6;X [\ al`Z`f M\iYXc JldXi`f% <e Zfej`[\iXZ`Â?e [\ hl\ cfj XZZ`feXek\j dXe`]`\jkXe YXaf aliXd\ekf [\jZfefZ\i \c [fd`Z`c`f _XY`klXc f i\j`[\eZ`X [\ cfj _\i\$ [\ifj D8I@8 =<IE8E;8 ;< C8 GL<EK<# AFJ< D@>L<C P D8I@8 ?<IDFJ8 ;< C8 GL<EK< P GI<JLEKFJ F ;<J:FEF:@;FJ ;< 8C9<IKF ><ID8E ?<IDFJ8 Q8D9I8EF# j\ [`jgfe\ Z`kXi gfi cX gi\ejX X cfj Z`kX[fj _\i\[\ifj p gi\jlekfj \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e eXZ`feXc# \e \c cl^Xi [\c ]Xcc\Z`d`\ekf [\c ZXl$ jXek\# p \e fkif [\ cX gifm`eZ`X [\ JlZldYÂ&#x2C6;fj% D\[`Xek\ g\k`Z`Â?e p gifm`[\eZ`X [`ZkX[X \c )' [\ DXpf [\c )'((# j\ XdgcÂ&#x2C6;X cX [\dXe[X# [`jgfe`\e[f \c j\Â&#x152;fi Al\q# Z`kXi Zfe Zfg`X [\ cX [\dXe[X# Xlkf [\ ZXc`]`ZXZ`Â?e p gifm`[\eZ`X [\ Xdgc`XZ`Â?e Xc j\Â&#x152;fi 8E@98C 8CM8I<Q \e \c cl^Xi j\Â&#x152;XcX[f \e cX [\dXe[X% @ejZiÂ&#x2C6;YXj\ cX [\dXe$ [X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e% KÂ&#x201E;e^Xj\ \e Zl\ekX cX ZlXekÂ&#x2C6;X ]`aX[X# cX ZXj`ccX al[`Z`Xc j\Â&#x152;XcX[X# \c [fd`Z`c`f aliÂ&#x2C6;[`Zf# cX Xlkfi`qXZ`Â?e Zfe]\i`[X X jl [\]\e$ jfi 8Y% <[^Xi IfYXpf% 8^iÂ&#x201E;^l\j\ X cfj 8lkfj cX [fZld\ekXZ`Â?e X[alekX% 8 cfj [\dXe[X[fj j\ c\j gi\m`\e\ [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`ccX al[`Z`Xc [\ekif [\ \jkX al[`ZXkliX gXiX hl\ i\Z`YXe jlj efk`]`ZXZ`fe\j [\ Zfe]fid`[X[ Zfe cX c\p% EFK@=@HL<J< P :@K<J<% ;i% Afi^\ >lqd}e M% J<:I<K8I@F <o`jk\ ]`idX p j\ccf% 8%G%&+0*)+&b%d%

<OKI8:KF AL;@:@8C 8Zkfi1 ;I% =I8E:@J:F M@M8E:F I@F=I@F 8GF;<I8;F ><E<I8C ;< C8 :FDG8zĂ 8Ă&#x2030; <;@KFI@8C >I8E K8LIF >I8EK8LĂ&#x2030; :@8% CK;8 ;\dXe[X[f1 AFI>< :?8E> P:8Q8 >\i\ek\ >\e\iXc [\ cX :fdgXÂ&#x152;Â&#x2C6;X @edf[`eXd`bX J%8% =le[Xd\ekf C\^Xc1 8ik% )) C\p [\ @ehl`c`eXkf Al`Z`f M\iYXc JldXi`f Ef1 )'(($ ''0,$>%@% :lXekÂ&#x2C6;X1 -%.)'#'' ;FC8I<J ALQ>8;F J<>LE;F ;<

Ĺ?

@EHL@C@E8KF P I<C8:@FE<J M<:@E8C<J ;< G@:?@E:?8%$ Hl`kf# )' [\ dXpf [\c XÂ&#x152;f [fj d`c feZ\# X cXj feZ\ _fiXj Zfe Z`eZl\ekX d`elkfj# Xek\ \c [fZkfi Cl`j EXim}\q GXqfj# Al\q \eZXi$ ^X[f J\^le[f [\ @ehl`c`eXkf p I\cXZ`fe\j M\Z`eXc\j [\ G`Z_`eZ_X# \ `e]iXjZi`kf j\Zi\kXi`f ZfdgXi\Z\ \c j\Â&#x152;fi1 =I8E:@J:F M@M8E:F I@F=I@F# gfikX[fi [\ cX :%:% ((''''//.$.# [\ \jkX[f Z`m`c ZXjX[f# [\ eXZ`feXc`[X[ \ZlXkfi`Xef# [\ gif]\j`Â?e XYf^X$ [f p i\j`[\ek\ \e \c ZXekÂ?e Hl`kf# gifm`eZ`X [\ G`Z_`eZ_X# Zfe cX ]`eXc`[X[ [\ i\e[`i cX gi\j\ek\ [\ZcXiXZ`Â?e aliXd\ekX[X [\ Zfe$ ]fid`[X[ Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ 8c \]\Zkf aliXd\ekX[f hl\ c\ ]l\i\ \e c\^Xc p [\Y`[X ]fidX# X[m\ik`[f [\ cX ^iXm\[X[ [\ aliXd\ekf# [\ cXj g\eXj [\c g\ial`Z`f p [\ cX fYc`^X$ Z`Â?e hl\ k`\e\ [\ [\Z`i cX m\i[X[# dXe`]`\jkX1 @edf[`eXd`bX J%8%# \j leX \dgi\jX `eZXlkX[X gfif G\[if ;\c^X[f p jl =`[\`Zfd`jf p gfi cf kXekf c\^Xcd\ek\ k`\e\ jl [fd`Z`c`f \e \c cl^Xi [fe[\ ]leZ`f$ eX \c =`[\`Zfd`jf 8>;$:=E$ EF D8J @DGLE@;8;# j`e \dYXi^f Zfe \c }e`df [\ \ekfig\Z\i X cX aljk`Z`X _Xe [\ZcXiX[f hl\ ef \j \j\ jl [fd`Z`c`f Zfe cf ZlXc YXaf aliXd\ekf [\ZcXif [\jZfefZ\i \c [fd`Z`c`f [\ cX ZfdgXÂ&#x152;Â&#x2C6;X p [\ jl i\gi\j\ekXek\ c\^Xc \c j\Â&#x152;fi Afi^\ :_Xe^ PZXqX# [\af ZfejkXeZ`X [\ cX \jki\Z_\q d\ekXc [\ X]`idXi hl\ ef ]leZ`feX X_Â&#x2C6; cX ZfdgXÂ&#x152;Â&#x2C6;X ZlXe$ [f \jkX `eZXlkX[X gfi \c gifg`f G\[if ;\c^X[f%$ :fe cf hl\ Zfe$ Zclp\ cX gi\j\ek\ [`c`^\eZ`X# gXiX ZfejkXeZ`X [\ cf XZklX[f ]`idXi \c ZfdgXi\Z`\ek\ \e le`[X[ [\ XZkf Zfe \c j\Â&#x152;fi Al\q p j\Zi\kXi`f hl\ Z\ik`]`ZX%$ ] ;i% Cl`j EXim}\q GXqfj# Al\q \eZXi^X[f J\^le[f [\ @ehl`c`eXkf [\ G`Z_`eZ_X% ;I% 8C<O8E;<I M<E<>8J G% J<:I<K8I@F <o`jk\ ]`idX p j\ccf% 8%G%&+0*..&b%d%

<OKI8:KF GIF:<J8;F1 AFJ< CL@J >L<II<IF D8IK@E<Q F=<E;@;F1 < E I @ H L < 8IFJ<D<E8 IF9C<J <%G% IKM<:L8;FI ;<C@KF1 ;<JKIL::@äE ;< J<IM@:@FJ Gè9C@:FJ AL@:@F Ef% ('+.$)'('$;I% C:? A L Q>8 ; F H L @ E KF ; < >8I8EKĂ 8J G<E8C<J ;< G@:?@E:?8%$ Hl`kf# dXik\j *( [\ dXpf [\c )'((# cXj (,_',%$ Cfj \jZi`kfj hl\ gi\Z\[\e `eZfigÂ?i\j\ Xc gifZ\jf%$ LeX m\q hl\ \c XZljX$ [fi _X i\ZfefZ`[f jlj XZljXZ`f$ e\j gXik`ZlcXi\j p YXaf aliXd\ekf [\ZcXiX [\jZfefZ\i \c [fd`Z`c`f [\c gifZ\jX[f AfjÂ&#x201E; Cl`j >l\ii\if# [`jgfe^f1 <c \jZi`kf [\ ]j% 0/*$ 0/- hl\ Zfek`\e\ cX XZljXZ`Â?e gXik`ZlcXi ]fidlcX[X gfi <EI@HL< AL8E 8IFJ<D<E8 IF9C<J# >\i\ek\ >\e\iXc p I\gi\j\ekXek\ C\^Xc [\ cX \dgi\jX gÂ&#x2019;Yc`ZX K\c\m`j`Â?e p IX[`f [\ <ZlX[fi <%G% IKM<:L8;FI# \e ZfekiX [\ DXiÂ&#x2C6;X >iXZ`\cX :i\jgf GfeZ\# MÂ&#x2C6;Zkfi ?l^f <iXqf If[iÂ&#x2C6;^l\q# >Xcf <]iÂ&#x201E;e Dfek\m\i[\ :Xjkif p AfjÂ&#x201E; Cl`j >l\ii\if DXikÂ&#x2C6;e\q# gfi i\le`i cfj i\hl`j`kfj [\k\id`eX$ [fj \e \c 8ik% ,, [\c :Â?[`^f [\ GifZ\[`d`\ekf G\eXc# j\ cX X[d`k\ X ki}d`k\ Zfe]fid\ Xc 8ik% ,- [\c Z`kX[f :Â?[`^f p [`jgfe^f j\ :@K< Zfe \jZi`kf [\ XZljXZ`Â?e gXik`$ ZlcXi# \jkX gifm`[\eZ`X p kf[f cf XZklX[f X cfj gifZ\jX[fj D8IĂ 8 >I8:@<C8 :I<JGF GFE:<# \e \c ZXj`cc\if al[`Z`Xc Ef% (..+ [\c ;i% >XYi`\c GfeZ\ ?\ie}e[\q2 MĂ :KFI ?L>F <I8QF IF;IĂ >L<Q# \e \c ZXj`cc\if al[`Z`Xc Ef% 0'( [\c ;i% 8c]i\[f :Xc[\iÂ?e :XYi\iX2 p# >8CF <=IyE DFEK<M<I;< :8JKIF# \e \c ZXj`cc\if al[`Z`Xc Ef% (-0( [\c ;i% IXd`if Dfi\ef2 Xc gif$ Z\jX[f AFJy CL@J >L<II<IF D8IKĂ E<Q [`jgfe^f :@K8I gfi cX gi\ejX# gfi ki\j glYc`ZXZ`fe\j \e le g\i`Â?[`Zf [\ Xdgc`X Z`iZl$ cXZ`Â?e [\c cl^Xi# Zfe]fid\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c EfidX Jlgc\kfi`X Xgc`ZXYc\ Xc ZXjf2 gXiX hl\ Zfek\jk\e X cX

I_ c[ ^kX_[hWd ^[Y^e eX`[je i[hÂ&#x2021;W eX`[j_le" f[he c[ ^_Y_[hed ik`[je$ @EIx 8;H=7CĂ&#x17E;D

XZljXZ`Â?e gXik`ZlcXi \e \c gcXqf \jkXYc\Z`[f \e cX C\p% :fe]`Â&#x201E;iXj\ \c \okiXZkf i\jg\Zk`mf gXiX jl glYc`ZXZ`Â?eÂż%%EFK@=Ă HL<J<% ] %$ ;I% I8LC G% D8IK@E<Q DLzFQ% AL<Q% ;I8% E8I:@J8 G8:?<:F :% J<:I<K8I@8 ;<C ALQ>8;F HL@EKF ;< >8I8EKĂ 8J G<E8C<J ;< G@:?@E:?8 ?Xp le j\ccf 8I&/*(+-&ZZ

ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 AFC<EE< ;@8EE< >FEQ8C<Q P ?<I<;<IFJ ;<C ;I% 8E><CF >FEQ8C<Q IF;I@>L<Q# JIJ% >I<>FI@ >C<D# C@> P C@Q8 >FEQ8C<Q 8:KFI81 D8IĂ 8 FK@C@8 >FEQ8C<Q IF;IĂ >L<Q ;<D8E;8;F1 AFC<EE< ;@8EE< >FEQ8C<Q P ?<I<;<IFJ ;<C ;I% 8E><CF >FEQ8C<Q IF;I@>L<Q# JIJ% >I<>FI@ >C<D# C@> P C@Q8 >FEQ8C<Q AL@:@F1 FI;@E8I@F ELC@;8; ;< <J:I@KLI8 Ef% (.).$)'(' 8Y^% I% 9iXmf% :8J@CC<IF AL;@:@8C Ef% ((' =LE;8D<EKF C<>8C1 8IKJ% (+-(# (+-.# (+.+# (+.,# (+./# (-0.# (-0/# (-00 P (.'+ ;<C :ä;@>F :@M@C P *0, P J@>L@<EK<J ;<C :ä;@>F ;< GIF:<;@D@<EKF :@M@C% 89F>8;F1 ;I% D<;8I;F FC<8J :L8EKĂ 81 @E;<K<ID@E8;8 GIFM@;<E:@81 8LKF ;< :8C@=@:8:@äE ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# j}YX[f (0 [\ dXiqf [\c )'((# cXj ((_*-%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f %$ Gfi ZlXekf cX XZkfiX _X [X[f Zldgc`$ d`\ekf X cf fi[\eX[f \e gifm`$ [\eZ`X Xek\i`fi%$ CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ C\p# \e Zfej\Zl\eZ`X [Â&#x201E;j\ X cX d`jdX \c ki}d`k\ Fi[`eXi`f%$ [\ Zfe]fid`[X[ Zfe \c Zfek\e`[f [\ cfj 8ikj% *0- p *0. [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ?iiXj\ kiXjcX[f X cfj [\dXe[X[fj1 AFC<EE< ;@8EE< >FEQ8C<Q P ?<I<;<IFJ ;<C ;I% 8E><CF >FEQ8C<Q IF;I@>L<Q# JIJ % >I<>FI@ >C<D# C@> P C@Q8 >FEQ8C<Q Zfe cX [\dXe[X p \jkX gifm`[\e$

Z`X# gfi \c kÂ&#x201E;id`ef [\ hl`eZ\ [Â&#x2C6;Xj# X ]`e [\ hl\ Zfek\jk\e f gifgfe^Xe \oZ\gZ`fe\j Zfii\jgfe[`\ek\j% <e dÂ&#x201E;i`kf Xc aliXd\ekf i\e[`[f gfi cX XZZ`feXek\%$ :@K<J<# X cfj [\dXe[X[fj1 AFC<EE< ;@8EE< >FEQ8C<Q P ?<I<;<IFJ ;<C ;I% 8E><CF >FEQ8C<Q IF;I@>L<Q# JIJ% >I<>FI@ >C<D# C@> P C@Q8 >FEQ8C<Q# d\[`Xek\ ki\j glYc`ZXZ`fe\j gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`$ Zfj [\ Xdgc`X Z`iZlcXZ`Â?e X e`m\c eXZ`feXc [\ cfj hl\ j\ \[`kXe \e Â&#x201E;jkX Z`l[X[ [\ Hl`kf Zfe]fid\ cf [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e hl\ j\ X[alekX% KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi cX XZkfiX XjÂ&#x2C6; Zfdf cX Xlkfi`qXZ`Â?e Zfe]\i`[X X jl 8Yf^X[f ;\]\ejfi%$ Efk`]Â&#x2C6;hl\j\%$ = ;i% =\c`g\ @e]Xek\ I\p Al\q \eZXi^X[f% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p% C\ gi\$ m\e^f [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX i\Z`Y`i gfjk\i`fi\j efk`]`ZXZ`fe\j%$ :\ik`]`Zf% 89% AFI>< D@<I 9LI98EF J<:I<K8I@F ?Xp le j\ccf 8I&/*(,.&ZZ

< O K I 8 : K F AL@:@F G<E8C ;< 8:@FE GI@M8;8% ;<JKIL::@äE ;< :FEJKIL::@äE% Ef% AL@:@F%$ ()') $ )'('% I\jgfejXYc\1 ;i% <[n`e A`dÂ&#x201E;e\q M% HL<I<CC8;F1 <;@JJFE :?8M<Q 8CM8I8;F% HL<I<CC8EK<% A?FE IF9<IKF M@CC8:Ă J M@E:<J% GIFM@;<E:@8% ALQ>8;F ;<:@DF :L8IKF ;< >8I8EK@8J G<E8C<J ;< G@:?@E:?8%$ Hl`kf# (0 [\ dXpf [\c )'((%$ CXj ('?(,%$M@JKFJ1 8^iÂ&#x201E;^l\j\ Xc gifZ\jf \c \jZi`kf gi\j\ekX[f gfi A_fe M`ccXZÂ&#x2C6;j%$ Gfi ZlXekf \c XZljX[fi gXik`ZlcXi j\Â&#x152;fi Af_e M`ccXZÂ&#x2C6;j M`eZ\j# _X Zldgc`[f Zfe cf [`jgl\jkf \e gif$ m`[\eZ`X Xek\i`fi# \jkf \j Zfe]fid\ cf [\k\id`eX \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\j\ Zfe cX XZljXZ`Â?e gXik`ZlcXi# d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf# Xc hl\i\ccX$ [f <;@JFE :?Ă?M<Q 8CM8I8;F# gXiX \c \]\Zkf i\dÂ&#x2C6;kXj\ \c \okiXZkf

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO CONSTITUCIĂ&#x201C;N DE LA COMPAĂ&#x2018;Ă?A PEPCONYSERVIC S.A. La compaùía PEPCONYSERVIC S.A. se constituyĂł por escritura pĂşblica otorgada ante el Notario Octavo del Distrito Metropolitano de Quito, el 03 de Mayo de 2011, fue aprobada por la Superintendencia de Compaùías, mediante ResoluciĂłn SC.IJ.DJC.Q.11.002334 de 31 de Mayo de 2011. 1.- DOMICILIO: Distrito Metropolitano de Quito, provincia de Pichincha. 2.- CAPITAL: Suscrito US$ 2.000,00 NĂşmero de Acciones 2.000 Valor US$ 1,00

FONDO CESANTĂ?A PRIVADO PROFESORES UNIVERSIDAD CENTRAL Se procederĂĄ al pago de cesantĂ­a de CABRERA ORTEGA MĂ XIMO HERNĂ N, fallecido en Quito el 10 de abril del 2011. Quienes crean tener derechos presentar documentos pertinentes en las oficinas del Fondo, Ciudadela Universitaria, edificio Servicios Generales, 3er piso, durante los veinte dĂ­as siguientes a esta fecha. Quito, 2 de junio del 2011

3.- OBJETO: El objeto de la compaùía es: UNO) CONSTRUCCIĂ&#x201C;N A) IMPORTACIĂ&#x201C;N, EXPORTACIĂ&#x201C;N, COMPRA, VENTA, DISTRIBUCIĂ&#x201C;N, COMERCIALIZACIĂ&#x201C;N Y ELABORACIĂ&#x201C;N DE TODO TIPO DE MATERIALES DE CONSTRUCCIĂ&#x201C;N...

AR/83162/cc

I<GL9C@:8 ;<C <:L8;FI <OKI8KF M@JKF 9L<EF Ef% ''+,$ )'(($8%8% 8:KFI1 CL@J =<IE8E;F G@:LCCF 8::@FE8;F1 AFI>< I8D@IF 8IG@ CCLM@G8D8 :8LJ8C1 ( P ) ;<C 8IK% (.) :F;@>F ;<C KI898AF <e \c ki}d`k\ [\ M@JKF 9L<EF Ef% ''+,$)'(( 8%8% # gif$ gl\jkX gfi \c j\Â&#x152;fi X CL@J =<IE8E;F G@:LCCF# >\i\ek\ >\e\iXc p I\gi\j\ekXek\ C\^Xc [\ cX :fdgXÂ&#x152;Â&#x2C6;X Ă&#x2C6;9<K<:>8D<J ;<C <:L8;FI J%8%Ă&#x2030;# \e jl ZXc`$ [X[ [\ <dgc\X[fi X # \e ZfekiX [\c j\Â&#x152;fi AFI>< I8D@IF 8IG@ CCLM@G8D8# \e jl ZXc`[X[ [\ KiXYXaX[fi X # j\ _X [`ZkX[f cX j`^l`\ek\ gifm`[\eZ`X1 @EJG<::@FE ;<C KI898AF ;< G@:?@E:?8%$ Hl`kf# )- [\ DXpf [\c )'((%$ CXj '/_''%$ <e cX jfc`Z`kl[ [\ M@JKF 9L<EF Ef% ''+,$)'(( 8%8% # gifgl\jkX gfi \c j\Â&#x152;fi X CL@J =<IE8E;F G@:LCCF# >\i\ek\ >\e\iXc p I\gi\j\ekXek\ C\^Xc [\ cX :fdgXÂ&#x152;Â&#x2C6;X Ă&#x2C6;9<K<:>8D<J ;<C <:L8;FI J%8%Ă&#x2030;# \e jl ZXc`[X[ [\ <dgc\X[fi X # \e ZfekiX [\ [\c j\Â&#x152;fi AFI>< I8D@IF 8IG@ CCLM@G8D8 \e jl ZXc`[X[ [\ KiXYXaX[fi X % <e cf gi`eZ`gXc j\ [`jgfe\1 ( 8^iÂ&#x201E;^l\j\ Xc \og\$ [`\ek\# \c \jZi`kf p ;\ZcXiXZ`Â?e AliXd\ekX[X gi\j\ekX[X gfi \c XZZ`feXek\% ) <e Xgc`ZXZ`Â?e Xc 8ik% (/*# ,+, Xki`YlZ`Â?e ,kX% P -)( [\c :Â?[`^f [\c KiXYXaf# Zfe cX Zfg`X [\ cX jfc`Z`kl[ [\ M`jkf 9l\ef hl\ Xek\Z\[\ p \jkX gifm`[\eZ`X efk`$ ]Â&#x2C6;hl\j\ Xc KiXYXaX[fi X AFI>< I8D@IF 8IG@ CCLM@G8D8# d\[`Xek\ ki\j glYc`ZXZ`fe\j \e lef [\ cfj g\i`Â?[`Zfj [\ Xdgc`X

Z`iZlcXZ`Â?e# [\ Zfe]fid`[X[ X cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# gfi ZlXekf \c cX <dgc\X[fi X # YXaf aliXd\ekf [\ZcXiX [\jZfef$ Z\i \c [fd`Z`c`f [\c XZZ`feX[f# hl`\e j\ c\ ZfeZ\[\ \c kÂ&#x201E;id`ef [\ m\`ek\ [Â&#x2C6;Xj# [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e# gXiX hl\ Zfek\jk\ p j\Â&#x152;Xc\ :Xj`cc\if Al[`Z`Xc gXiX ]lkl$ iXj efk`]`ZXZ`fe\j% GXiX kXc \]\Zkf j\ X[alekX \c Zfii\jgfe[`\ek\ \okiXZkf% * KÂ?d\j\ \e Zl\ekX \c :Xj`cc\if Al[`Z`Xc Ef% )-))# g\ik\$ e\Z`\ek\ X cX ;i% >feqXcf 9fiaX p cX Xlkfi`qXZ`Â?e fkfi^X[X X cX gif]\$ j`feXc hl\ jljZi`Y\ \e cX gi\j\ek\ ZXljX%$ EFK@=@HL<J<%$ ] ;iX% C% 8e[i\X 8iYfc\[X D% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p% ;iX% C 8e[i\X 8iYfc\[X @EJG<:KFI8 ;<C KI898AF ;< G@:?@E:?8 8%:%&(('./

ALQ>8;F M@>yJ@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 8% AL8E AFJ< :?@CC8>8E8 :?@CC8>8E8 8:KFI8 1 D8I@8 <K<CM@E8 >L8C8 :?@CC8>8E8 ;<D8E;8;F1 AL8E AFJ< :?@CC8>8E8 :?@CC8>8E8 AL@:@F1 M<I98C JLD8I@F EÂ&#x2014;+(($ )%'(' ;I% C% :LI@CCF :8J@CC<IF AL;@:@8C EÂ&#x2014;*0)) =LE;8D<EKF C<>8C1 8IK% ((' :8LJ8C (( ;<C :F;@>F ;< :@M@C 89F>8;F1 ;I% 8ID8E;F IFJ<IF :L8EK@81 @E;<K<ID@E8;8 GIFM@;<E:@81 8LKF ;< :8C@=@:8:@äE% ALQ>8;F M@><J@DF K<I:<IF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# d`Â&#x201E;iZfc\j )* [\ ale`f [\c )'('# cXj (,_(,%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX$ [f%$ Gfi ZlXekf cX XZkfiX _X [X[f Zldgc`d`\ekf X cf fi[\eX[f \e gifm`[\eZ`X Xek\i`fi% CX [\dXe[X gi\j\ekX[X gfi cX j\Â&#x152;fiX D8IĂ 8 <K<CM@E8 >L8C8 :?@CC8>8E8# \j ZcXiX# i\Â&#x2019;e\ cfj [\d}j i\hl`$ j`kfj [\ C\p j\ cX X[d`k\ X ki}$ d`k\ m\iYXc jldXi`f# gfi kXekf \e dÂ&#x201E;i`kf Xc aliXd\ekf i\e[`[f gfi cX XZZ`feXek\ p [\ Zfe]fid`$ [X[ Zfe cf [`jgl\jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$ :@K<J<# Xc [\dXe[X[f j\Â&#x152;fi1 AL8E AFJy :?@CC8>8E8

:?@CC8>8E8 d\[`Xek\ ki\j glYc`ZXZ`fe\j gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ Xdgc`X Z`iZlcXZ`Â?e X e`m\c eXZ`feXc hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf p \e :ljlYXdYX# Gifm`eZ`X [\ :fkfgXo` cl^Xi [fe[\ j\ Z\c\YiÂ? \c dXki`dfe`f%$ :lÂ&#x201E;ek\j\ Zfe cX `ej`$ elXZ`Â?e [\ cX j\Â&#x152;fiX1 D8I@JFC IFD<IF Zfdf :liX[fiX 8[$c`k\d [\c d\efi1 <;>8I >@FM8EEP :?@CC8>8E8 >L8C8# Zfe [`Z_X `ej`elXZ`Â?e Â?`^Xj\ X lef [\ cfj j\Â&#x152;fi\j 8^\ek\ [\ cf =`jZXc [\ cf G\eXc [\ G`Z_`eZ_X%$ 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\ekXZ`Â?e hl\ j\ X[alekX%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi cX XZkfi XjÂ&#x2C6; Zfdf cX Xlkfi`qXZ`Â?e [X[X X jl 8Yf^X[f [\]\ejfi%$ Efk`]Â&#x2C6;hl\j\%$ ;I8% D8I@8 <C<E8 :?8M<Q AL<Q8 = % ;iX% DXiÂ&#x2C6;X <c\eX :_}m\q% Al\qX% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p% C\ gi\m\e^f [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j%$ :\ik`]`Zf% C:;F AFI>< D@<I 9LI98EF J<:I<K8I@F ?Xp le j\ccf 8%:%&(('.+

<OKI8:KF ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C1 8 CFJ ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;< C8 J<zFI8 >CFI@8 8E;@E8 K8D8PF :<M8CCFJ# 8JĂ :FDF CFJ ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;< C8 J<zFI8 ;FI8 D8K@C;< K8D8PF :<M8CCFJ P 8 C8 J<zFI@K8 J@CM8E8 A8E<K? =CFI<J% 8:KFI1 J<zFI 89<C :<M8CCFJ ;<D8E;8;F1 8E><C >@FM8EE@ =CFI<J K8D8PF# D8I@8 CFI<E8 =CFI<J K8D8PF# J8E;I8 <C@Q89<K? =CFI<J K8D8PF# C<FE8I;F G8KI@:@F =CFI<J K8D8PF# 8I@<C >FEQ8CF =CFI<J K8D8PF# <JD<I8C;8 C<FEFI =CFI<J K8D8PF# IF;I@>F 8CFEQF =CFI<J K8D8PF# J@CM8E8 A8E<K? =CFI<J K8D8PF# =<IE8E;F ?FD<IF =CFI<J K8D8PF# ;@8E8 J8CFDy =CFI<J K8D8PF# ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;< C8 J<zFI8 >CFI@8 8E;@E8 K8D8PF :<M8CCFJ# 8 JĂ :FDF CFJ ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;< C8 J<zFI8

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO CONSTITUCIĂ&#x201C;N DE LA COMPAĂ&#x2018;Ă?A NCR SOLUCIONES REALES CIA. LTDA. La compaùía NCR SOLUCIONES REALES CIA. LTDA. se constituyĂł por escritura pĂşblica otorgada ante el Notario DĂŠcimo Cuarto del Distrito Metropolitano de Quito, el 29 de Abril de 2011, fue aprobada por la Superintendencia de Compaùías, mediante ResoluciĂłn SC.IJ.DJC.Q.11.002215 de 20 de Mayo de 2011. 1.- DOMICILIO: Distrito Metropolitano de Quito, provincia de Pichincha. 2.- CAPITAL: Suscrito US$ 400,00 NĂşmero de Participaciones 400 Valor US$ 1,00 3.- OBJETO: El objeto de la compaùía es: DESARROLLO, COMERCIALIZACIĂ&#x201C;N, VENTA, POSTVENTA, IMPORTACIĂ&#x201C;N Y EXPORTACIĂ&#x201C;N DE SOFTWARE; ASESORĂ?A, VENTA, IMPORTACIĂ&#x201C;N Y EXPORTACIĂ&#x201C;N DE HARDWARE Y ACCESORIOS.... Quito, 20 de Mayo de 2011.

Quito, 31 de Mayo de 2011. Dr. Oswaldo Noboa LeĂłn DIRECTOR JURĂ?DICO DE COMPAĂ&#x2018;Ă?AS

Dr. Wellington RĂ­os V. PRESIDENTE

Zfii\jgfe[`\ek\% KÂ?d\j\ \e Zl\e$ kX cX ZlXekÂ&#x2C6;X j\Â&#x152;XcX[X \e cX gi\$ j\ek\ ZXljX%$ 8ZkÂ&#x2019;\ \c ;i% >ljkXmf JXid`\ekf Zfdf J\Zi\kXi`f [\ \jkX Al[`ZXkliX%$ Efk`]Â&#x2C6;hl\j\ p :Â&#x2C6;k\j\% Cf hl\ Zfdle`Zf X L[%# gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc# gXiX jlj gfjk\$ i`fi\j efk`]`ZXZ`fe\j% ;i% >ljkXmf JXid`\ekf J<:I<K8I@F ;<C ALQ>8;F ;<:@DF :L8IKF ;< >8I8EK@8J G<E8C<J ;< G@:?@E:?8% ?Xp le j\ccf 8%:%&.0.,(

AR/83164/cc

Dr. Oswaldo Noboa LeĂłn DIRECTOR JURĂ?DICO DE COMPAĂ&#x2018;Ă?AS AP/49390/cc


;FI8 D8K@C;< K8D8PF :<M8CCFJ AL@:@F1 )'('$'0/,$:J KI8D@K<1 <JG<:@8C :L8EK@81 @E;<K<ID@E;8 =LE;8D<EKFJ ;< ;<I<:?F 1 <E CF ;@JGL<JKF <E <C 8IK@:LCF -)0 P JL9J@>L@<EK<J ;<C :F;@>F ;< GIF:<;@D@<EKF :@M@C P +'- P +'. ;<C :F;@>F :@M@C% ;<=<EJFI ;<C 8:KFI1 ;I% CL@J ;8E@CF :?Ă?M<Q @E@:@8;F1 )( ;< ALC@F ;<C )'(' ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# DXik\j (+ [\ J\gk`\dYi\ [\c )'('2 cXj (+_,.%$ M@JKFJ% Gfi Zldgc`[f cf [`jgl\jkf \e gifm`[\eZ`X `e`Z`Xc p \e cf gi`eZ`gXc# cX [\dXe[X hl\ Xek\Z\[\# \j ZcXiX p i\Â&#x2019;e\ cfj

i\hl`j`kfj [\ C\p% Aljk`]`ZX[f \c ]Xcc\Z`d`\ekf [\ cX j\Â&#x152;fiX >CFI@8 8E;@E8 K8D8PF :<M8CCFJ# Zfe cX gXik`[X [\ [\]leZ`Â?e X[alekX# j\ [\ZcXiX XY`\ikX cX jlZ\j`Â?e p j\ [`jgfe\ j\ gifZ\[X X cX ]XZZ`Â?e [\ cfj `em\ekXi`fj [\ cfj Y`\e\j [\aX[fj# [\Y`\e[f ZfekXij\ Zfe \c j\Â&#x152;fi GifZliX[fi [\ JlZ\j`fe\j p ;`i\Zkfi >\e\iXc [\c J\im`Z`f [\ I\ekXj @ek\ieXj% :Â&#x2C6;k\j\ X cfj j\Â&#x152;f$ i\j1 8E><C >@FM8EE@ =CFI<J K8D8PF# D8I@8 CFI<E8 =CFI<J K8D8PF# J8E;I8 <C@Q89<K? =CFI<J K8D8PF# C<FE8I;F G8KI@:@F =CFI<J K8D8PF# 8I@<C >FEQ8CF =CFI<J K8D8PF# <JD<I8C;8 C<FEFI =CFI<J K8D8PF# IF;I@>F 8CFEQF =CFI<J K8D8PF# J@CM8E8 A8E<K? =CFI<J K8D8PF# =<IE8E;F ?FD<IF

=CFI<J K8D8PF# ;@8E8 J8CFDy =CFI<J K8D8PF \e cfj cl^Xi\j `e[`ZX[fj gXiX \c \]\Zkf% 8 cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`$ [fj [\ cX j\Â&#x152;fiX >CFI@8 8E;@E8 K8D8PF :<M8CCFJ# XjÂ&#x2C6; Zfdf cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`$ [fj [\ cX j\Â&#x152;fiX ;FI8 D8K@C;< K8D8PF :<M8CCFJ# ZÂ&#x2C6;k\j\ gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`$ Zfj [\ Xdgc`X Z`iZlcXZ`Â?e hl\ j\ \[`kX \e \jkX Z`l[X[ [\ Hl`kf \e Xk\eZ`Â?e Xc aliXd\ekf i\e[`[f p [\ Zfe]fid`[X[ Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% CXj gXik\j `ej`eÂ&#x2019;\e le jfcf g\i`kf# [\ ef _XZ\icf \c Alq^X[f gifZ\[\i} Zfe]fid\ \c 8ik% ),) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% KÂ&#x201E;e^Xj\ \e Zl\ekX \c :Xj`cc\if Al[`Z`Xc j\Â&#x152;XcX[f p X^iÂ&#x201E;^l\j\ Xc gifZ\jf cfj [fZld\ekfj XZfdgXÂ&#x152;X[fj%

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO DE LA ESCRITURA PUBLICA DE PRĂ&#x201C;RROGA DE PLAZO DE DURACIĂ&#x201C;N, CAMBIO DE DOMICILIO DEL DISTRITO METROPOLITANO DE QUITO AL CANTĂ&#x201C;N SANTO DOMINGO Y REFORMA DE ESTATUTOS DE RADIOFLAMA S.A... 1. ANTECEDENTES.- RADIOFLAMA S.A., se constituyĂł mediante escritura pĂşblica otorgada el 19/12/2006 ante el Notario 3 del Distrito Metropolitano de Quito, aprobada mediante ResoluciĂłn No. 06.Q.IJ.005101 de 27/12/2006, e inscrita en el Registro Mercantil del Distrito Metropolitano de Quito el 29/12/2006. 2. CELEBRACIĂ&#x201C;N Y APROBACIĂ&#x201C;N.- La escritura pĂşblica de prĂłrroga de plazo de duraciĂłn, cambio de domicilio del Distrito Metropolitano de Quito al cantĂłn Santo Domingo; y, reforma de estatutos de RADIOFLAMA S.A. otorgada el 22 de Marzo de 2011 ante el Notario Primero Interino del cantĂłn Santo Domingo, actos societarios aprobados por la Superintendencia de CompaĂąias, mediante ResoluciĂłn No. SC.IJ.DJC.Q.11.001462 de 31 de Marzo del 2011. 3. OTORGANTE.- Comparece al otorgamiento de la escritura pĂşblica antes mencionada, el seĂąor NUĂ&#x2018;EZ CARRASCO LUIS ANTONIO en su calidad de GERENTE GENERAL Y Representante Legal de RADIOFLAMA S. A. EI compareciente es ecuatoriano, mayor de edad, domiciliado en Santo Domingo 4. PRĂ&#x201C;RROGA DE PLAZO DE DURACIĂ&#x201C;N, CAMBIO DE DOMICILIO, REFORMA DE ESTATUTOS Y PUBLICACIĂ&#x201C;N.- La Superintendencia de CompaĂąias mediante ResoluciĂłn No. SC.IJ.DJC.Q.11.001462 de 31 de marzo de 2011 aprobĂł la prĂłrroga de plazo de duraciĂłn, el cambio de domicilio del Distrito Metropolitano de Quito al cantĂłn Santo Domingo, la reforma de estatutos de RADIOFLAMA S.A. y ordenĂł la publicaciĂłn del extracto de la referida escritura pĂşblica, por tres dias consecutivos, para efectos de oposiciĂłn de terceros respecto a la prĂłrroga de plazo y cambio de domicilio referido, seĂąalado en el Art. 33 de la Ley de CompaĂąias y Reglamento de OposiciĂłn, como acto previo a su inscripciĂłn. 5. AVISO PARA OPOSICIĂ&#x201C;N.- Se pone en conocimiento del pĂşblico el cambio de domicilio del Distrito Metropolitano de Quito al cantĂłn Santo Domingo de RADIOFLAMA S.A., a fin de que quienes se creyeren con derecho a oponerse a su inscripciĂłn puedan presentar su peticiĂłn ante uno de los Jueces de lo Civil del domicilio principal de la compaĂąia, dentro de los seis dias contados desde la fecha de la Ăşltima publicaciĂłn de este extracto y ademĂĄs, pongan el particular en conocimiento de la Superintendencia de CompaĂąias. EI Juez que reciba la oposiciĂłn o el accionante, notificarĂĄ o comunicarĂĄ segĂşn el caso, a esta Superintendencia, dentro del tĂŠrmino de dos dĂ­as siguientes a partir de dicha recepciĂłn, juntamente con el escrito de oposiciĂłn y providencia recaĂ­da sobre ella. Si no hubiere oposiciĂłn o no fuere notificada esta InstituciĂłn en la forma antes indicada, se procederĂĄ a la inscripciĂłn de la referida escritura pĂşblica de la mencionada compaùía y al cumplimiento de los demĂĄs requisitos legales. En virtud de la referida escritura se reforma el artĂ­culo primero del estatuto social, de la manera siguiente: ARTĂ?CULO PRIMERO.- DE LA DENOMINACIĂ&#x201C;N, DURACIĂ&#x201C;N, NACIONALIDAD, DOMICILIO: LA COMPAĂ&#x2018;Ă?A ( ... ) TENDRĂ UNA DURACIĂ&#x201C;N DE CINCUENTA AĂ&#x2018;OS, CONTADOS A PARTIR DE LA INSCRIPCIĂ&#x201C;N DE LA PRESENTE ESCRITURA DE REFORMA DE ESTATUTOS EN EL REGISTRO MERCANTIL, ( ... ). EL DOMICILIO PRINCIPAL DE LA COMPAĂ&#x2018;IA, ( ... ) ES EL CANTĂ&#x201C;N SANTO DOMINGO, PROVINCIA DE SANTO DOMINGO DE LOS TSĂ CHILAS .... â&#x20AC;? Quito, 31 de marzo de 2011. Dr. Oswaldo Noboa LeĂłn DIRECTOR JURĂ?DICO DE COMPAĂ&#x2018;IAS

FSD/. EXP. 157022 Tr. 01.1.11.000024

I_ bei feXh[i [cf_[pWd W hWpedWh jeZe [ij| f[hZ_Ze$ LEBJ7?H;

;\aXe[f ]fkfZfg`X Xlkfi`qX[X p i\Z`Yf \e Xlkfj# [\j^cÂ?j\j\ p \ekiÂ&#x201E;^l\j\ cfj [fZld\ekfj jfc`$ Z`kX[fj% ALQ>8;F HL@EKF ;< CF :@M@C ;< G@:?@E:?8% HL@KF# *( [\ DXiqf [\c )'((# cXj (,_+/%$ <e Xk\eZ`Â?e [\c aliXd\ekf i\e[`[f gfi cX gXik\ XZkfiX p [\ Zfe]fid`$ [X[ Zfe \c XikÂ&#x2C6;Zlcf /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# ZÂ&#x2C6;k\j\ X cX j\Â&#x152;fi`kX J@CM8E8 A8E<K? =CFI<J2 gfi cX gi\ejX \e lef [\ cfj g\i`Â?[`Zfj [\ Xdgc`X Z`iZlcX$ Z`Â?e hl\ j\ \[`kX \e \jkX Zl`[X[ [\ Hl`kf% Efk`]Â&#x2C6;hl\j\%$% = ;iX% DXiÂ&#x2C6;X D\iZ\[\j Gfik`ccX al\q% Cf hl\ c\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^X$ Z`Â?e [\ j\Â&#x152;XcXi :Xj`cc\if Al[`Z`Xc \e \jkX Z`l[X[ [\ Hl`kf X ]`e [\ i\Z`Y`i gfjk\i`fi\j efk`]`ZXZ`fe\j \e cX gi\j\ek\ ZXljX% ;i% Cl`j Ife M`ccXm`Z\eZ`f J\Zi\kXi`f < 8%:%(('/+&

I ;<C < <OKI8:KF AL;@:@8C ALQ>8;F M@><J@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C X cfj _\i\$ [\ifj gi\jlekfj p [\jZfefZ`[fj [\ hl`\e \e m`[X ]l\ \c j\Â&#x152;fi ALI><E 9LI:?8I; =I@<;<C ?<L<I ?8DG< AL@:@F Ef% ()+($)'('$C 8 @EM<EK8I@FJ KI8D@K< <JG<:@8C 8:KFI JPCM@8 B8IFC@E8 8>L8J 8E;I@LFC@# <e ZXc`[X[ [\ GifZliX[fiX Al[`Z`Xc [\ cXj j\Â&#x152;f$ iXj J@>I@; <CJ9<K? ?<C<E< ?<L<I N8CC<I2 >@J<C8 ?<C>8 I<E8K< ?<L<I N8CC<I# P2 B@IJK<E LK8 ?<L<I N8CC<I% ;<D8E;8;F%$ :<:@C@8 ;< CFLI;<J LHL@CC8J ?<II<I8 :L8EK@8 @E;<K<ID@E8;8 :8J@CC<IF Ef% */), ;iX% JPCM@8 B8IFC@E8 8>L8J 8E;I@LFC@ GIFM@;<E:@8

ALQ>8;F M@><J@DF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# d`Â&#x201E;iZfc\j )- [\ \e\if [\c )'((# cXj (-_,(%$M`jkfj%$ <e m`ikl[ [\c jfik\f Zfii\jgfe[`\ek\ XmfZf ZfefZ`d`\ekf [\ \jkX ZXljX \e ZXc`[X[ [\ Al\q K`klcXi [\ \jkX Al[`ZXkliX%$ CX [\dXe[X hl\ Xek\$ Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX X ki}d`k\ [\ \jg\Z`Xc%$ Gfi Zfej`^l`\ek\# [\ Zfe]fid`[X[ Zfe cf gi\Z\gklX[f gfi \c 8ikj% -)0# [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# p (0( [\c :Â?[`^f :`m`c# gifZÂ&#x201E;[Xj\ X cX ]fidXZ`Â?e [\ le `em\ekXi`f kXjXZ`Â?e p XmXclÂ? [\ cfj Y`\e\j [\aXe[f gfi \c ZXljXek\ j\Â&#x152;fi1 ALI><E 9LI:?8I; =I@<;<C ?<L<I ?8DG<# gXiX Zlpf \]\Zkf cXj gXik\j efdYiXiXe jlj g\i`kfj [\ekif [\c kÂ&#x201E;id`ef [\ Z`eZf [Â&#x2C6;Xj [\jglÂ&#x201E;j [\ _XY\ij\ Z`kX[fj X cfj [\dXe[X[fj%$ :Â&#x2C6;k\j\ X cX [\dXe$ [X[X j\Â&#x152;fiX :<:@C@8 ;< CFLI;<J LHL@CC8J ?<II<I8# \e cX [`i\Z$ Z`Â?e hl\ gXiX kXc \]\Zkf j\ j\Â&#x152;X$ cX# p2 X cfj _\i\[\ifj gi\jlekfj p [\jZfefZ`[fj [\ hl`\e \e m`[X ]l\ \c j\Â&#x152;fi ALI><E 9LI:?8I; =I@<;<C ?<L<I ?8DG< \e lef [\ cfj [`Xi`f [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX :`l[X[ [\ Hl`kf# Gifm`eZ`X [\ G`Z_`eZ_X [\ Zfe]fid`[X[ X cf fi[\eX[f \e \c 8ik% /)# [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c [fd`Z`c`f al[`Z`Xc j\Â&#x152;XcX[f gfi \c XZkfi p cX Xlkfi`qX$ Z`Â?e [\ jl 8Yf^X[f ;\]\ejfi p cX ZXc`[X[ [\ GifZliX[fi Al[`Z`Xc [\ cXj ZfdgXi\Z`\ek\j Efk`]Â&#x2C6;hl\j\%$ ;i% >\id}e >feq}c\q [\c Gfqf# Al\q Cf hl\ c\ Zfdle`Zf X Ljk\[# p c\ :@KF gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^X$ Z`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX ]lkliXj efk`]`ZXZ`fe\j \e \c cl^Xi [\c al`Z`f%$ ;i% >Xcf 9}\q AX`d\ J<:I<K8I@F ?Xp le j\ccf 8%:%(('/)&

REPUBLICA DEL ECUADOR SUPERINTENDENCIA DE COMPAĂ&#x2018;IAS

EXTRACTO DE LA ESCRITURA PĂ&#x161;BLICA DE FIJACION DE NUEVO CAPITAL AUTORIZADO Y REFORMA DE ESTATUTOS DE TIGRE ECUADOR S.A. ECUATIGRE

Se comunica al pĂşblico que TIGRE ECUADOR S.A. ECUATIGRE, con domicilio principal en la ciudad de Quito, fijĂł su nuevo capital autorizado y reformĂł sus estatutos por escritura pĂşblica otorgada ante el Notario VigĂŠsimo Cuarto del Distrito Metropolitano de Quito el 11 de febrero de 2011. Actos societarios aprobados por la Superintendencia de Compaùías, mediante ResoluciĂłn No. SC.IJ.DJCPTE. Q.11.002342 de 31 de mayo de 2011. En virtud de la mencionada escritura pĂşblica la compaùía reforma el articulo cuarto del Estatuto Social, referente al capital autorizado, de la siguiente manera; â&#x20AC;&#x153;ARTICULO CUARTO: CAPITAL AUTORIZADO.- El capital autorizado serĂĄ de veinte y cuatro millones de dĂłlares de los Estados Unidos de AmĂŠrica (US$ 24Â´Ě 000.000). El capital suscrito es de doce millones de dĂłlares de los Estados Unidos de AmĂŠrica (US$ 12â&#x20AC;&#x2122;000.000), dividido en ciento veinte mil (120.000) acciones ordinarias y nominativas de cien dĂłlares de los Estados Unidos de AmĂŠrica (US$ 100) cada una....â&#x20AC;? D.M. Quito, 31 de mayo de 2011 Dr. Camilo Valdivieso Cueva INTENDENTE DE COMPAĂ&#x2018;IAS DE QUITO

151342 gf

AC/11090/tf

I% ;<C <% ALQ>8;F GI@D<IF ;<C KI898AF ;< G@:?@E:?8 FI8C <OKI8:KF Al`Z`f [\ KiXYXaf FiXc Ef% '*'+$ )'(($EM 8Zkfi 1 CL@J =<IE8E;F 9<K8E:FLIK ?@;8C>F ;\dXe[X[f1 E<P 98II@FEL<MF J8E:?<Q P FKIFJ :lXek`X LJ; ()'%''' @e`Z`f1 (* [\ XYi`c [\ )'(( ;\]\ejfi1 ;i% DXiZ\cf I\^XcX[f J\iiXef :8J@CC<IF1 )-* Al\q1 ;i% I<E< :FIFE<C ;FDĂ E>L<Q J\Zi\kXi`f1 ;i% D\[Xi[f P}e\q% GIFM@;<E:@8 ALQ>8;F GI@D<IF ;<C KI898AF ;< G@:?@E:?8%$ Hl`kf# d`Â&#x201E;iZfc\j ). [\ XYi`c [\c )'((# cXj (,_+,%$ M@JKFJ1 8^iÂ&#x201E;^l\j\ Xc gifZ\jf \c \jZi`kf gi\j\ekX[f gfi cX gXik\ XZkfiX [\ ]\Z_X )( [\ XYi`c [\ )'((%$ <e cf gi`eZ`gXc# [Xe[f Zldgc`d`\ekf X cf fi[\eX$ [f \e \c 8ik% ,., [\c :Â?[`^f [\ KiXYXaf :f[`]`ZX[f# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# Zfdgc\kX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ j\ cX XZ\gkX X ki}d`k\ fiXc%$ ;`jgÂ&#x17D;e\j\ hl\ j\ Z`k\ X cfj [\dXe[X[fj E<P 98II@FEL<MF JĂ?E:?<Q# \e cX ZXc`[X[ [\k\id`$ eX[X \e cX [\dXe[X p gfi jlj gifg`fj [\i\Z_fj# X cfj _\i\[\$ ifj E<P# <M<CPE# J8EK@8>F 98II@FEL<MF JĂ?E:?<Q2 P# E<CCP JĂ?E:?<Q JĂ?E:?<Q M@L;8 ;< 98II@FEL<MF# \e \c [fd`Z`c`f j\Â&#x152;XcX[f gXiX \c \]\Zkf# \eki\^}e[fj\c\j cX Zfg`X [\ cX [\dXe[X p [\ \jkX gifm`[\eZ`X# gi\m`e`Â&#x201E;e[fc\j [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc [\ekif [\c g\iÂ&#x2C6;d\kif c\^Xc [\ \jkX Z`l[X[# gXiX cf ZlXc i\dÂ&#x2C6;$ kXj\ \c [\jgXZ_f X cX F]`Z`eX [\ :`kXZ`fe\j# X ]`e [\ hl\ j\ ZldgcX \e \c kÂ&#x201E;id`ef [\ Z`eZf [Â&#x2C6;Xj# gi\$ m`jkf \e \c `eZ`jf j\^le[f [\c 8ik% ,.- [\c :Â?[`^f CXYfiXc% 8[\d}j ZÂ&#x2C6;k\j\ X cfj gi\jlekfj p [\jZf$ efZ`[fj _\i\[\ifj [\c ZXljXek\ ;I% E<P @J8Ă 8J 98II@FEL<MF GyI<Q# gfi cX gi\ejX d\[`Xek\ ki\j glYc`ZXZ`fe\j# \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZl$ cXZ`Â?e [\ \jkX Z`l[X[# Zfe]fid\ cf [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# kf[X m\q hl\ \c XZkfi dXe`]`\jkX Zfe aliX$ d\ekf [\jZfefZ\i \c [fd`Z`c`f [\ cfj gi\jlekfj _\i\[\ifj# gi\$ m`e`Â&#x201E;e[fc\j [\ cX fYc`^XZ`Â?e hl\ k`\e\e [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc [\ekif [\c g\iÂ&#x2C6;d\kif c\^Xc% ?\Z_f hl\ ]l\i\ ZfemfZXj\ X cX Xl[`\eZ`X gi\c`d`eXi [\ ZfeZ`c`XZ`Â?e# Zfek\j$ kXZ`Â?e X cX [\dXe[X# p ]fidlcXZ`Â?e [\ gil\YXj# cX d`jdX hl\ [\Y\i} gi\j\ekXi gfi \jZi`kf# \c [Â&#x2C6;X (( [\ XYi`c [\ )'()# X cXj (-_''# [`c`$ ^\eZ`X X cX hl\ ZfdgXi\Z\i}e cXj gXik\j f jlj XYf^X[fj [\]\e$ jfi\j [\Y`[Xd\ek\ XZi\[`kX[fj Zfe gf[\i hl\ Zfek\e^X Zc}ljlcX gXiX kiXej`^`i# Zfe]fid\ cf [`jgf$ e\ \c eld\iXc (( [\c 8ik% (*' [\c :Â?[`^f Fi^}e`Zf [\ cX =leZ`Â?e Al[`Z`Xc%$ KÂ&#x201E;e^Xj\ \e Zl\ekX cX ZlXekÂ&#x2C6;X ]`aX[X% Efk`]Â&#x2C6;hl\j\ X cX gXik\ XZkfiX CL@J =<IE8E;F 9<K8E:FLIK? ?@;8C>F# \e \c ZXj`cc\if al[`Z`Xc Ef% )-*# [\c ;i% DXiZ\cf I\^XcX[f J\iiXef%$ <c XZkfi f gXkifZ`eX[fi\j# [\Y\i}e ZfdgXi\Z\i \e \c kÂ&#x201E;id`ef [\ )+ _fiXj X cX Al[`ZXkliX p i\k`iXi \c \okiXZkf gXiX cX glYc`ZXZ`Â?e gfi cX gi\ejX%$ :@K<J< P EFK@=@HL<J<%$ ] ;i% I\e\ :fife\c ;fdÂ&#x2C6;e^l\q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j c\^Xc\j# X[m`ik`Â&#x201E;e[fc\j [\ cX fYc`^XZ`Â?e hl\ k`\e\e \e j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc [\ekif [\ \jkX ZXljX# gXiX i\Z`Y`i ]lkliXj efk`]`ZXZ`fe\j \e \jk\ gifZ\jf% :\ik`]`Zf% ;i% D\[Xi[f P}e\q <C J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.00,)&k] ALQ>8;F DLCK@:FDG<K<EK< ;< E8GF$HL@AFJ :@K8:@äE AL;@:@8C 8:KFI1 D8I@8 N@CD8 :?@:8@Q8 K8GLP ;<D8E;8;F1 AFJ< <L><E@F :?8M<Q G@J:F AL@:@F Ef% (.$)'(($G% ;@MFI:@F GFI :8LJ8C KIĂ?D@K<1 M<I98C JLD8I@F GIFM@;<E:@8 ALQ>8;F DLCK@:FDG<K<EK< ;< E8GF$HL@AFJ%$ 9X\qX% dXpf (' [\c )'((# cXj [`\q _fiXj [`\q d`elkfj% M@JKFJ1 Gfi ZlXekf cX XZkfiX X i\e[`[f jl [\ZcXiXZ`Â?e aliXd\ekX[X jfYi\ \c [\jZfefZ`$ d`\ekf [\c [fd`Z`c`f [\c [\dXe$ [X[f# j\ gifZ\[\ X ZXc`]`ZXi cX [\dXe[X gi\j\ekX[X gfi D8I@8 N@CD8 :?@:8@Q8 K8GLP# Zfdf ZcXiX# gi\Z`jX p Zfdgc\kX# gfi i\le`i cfj i\hl`j`kfj [\k\id`eX$ [fj \e cfj XikÂ&#x2C6;Zlcfj -. p ('(* [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# iXqÂ?e gfi cX hl\ j\ c\ X[d`k\ X ki}d`k\ m\iYXc jldXi`f% <e cf gi`e$

Ĺ? Ä&#x2021;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä

Ĺ? +. Ĺ? Ä&#x152;Ĺ? Z`gXc ZÂ&#x2C6;k\j\ Xc [\dXe[X[f AFJ< <L><E@F :?8M<Q G@J:F# [\ Zfe$ ]fid`[X[ cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# gfi ZlXekf \c XZkfi YXaf aliXd\ekf X]`idX [\jZfefZ\i \c [fd`Z`c`f XZklXc [\c [\dXe[X[f# \jkf \j# gfi ki\j m\Z\j \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcX$ Z`Â?e eXZ`feXc# Zfe `ek\imXcf [\ fZ_f [Â&#x2C6;Xj \eki\ ZX[X glYc`ZXZ`Â?e2 \e cX Z`l[X[ [\ Hl`kf# gfi ef \o`jk`i g\i`Â?[`Zfj \e cX cfZXc`[X[# e` \e cX ZXg`kXc gifm`eZ`Xc2 gXiX kXc \]\Zkf Zfe]`Â&#x201E;iXj\ \c \okiXZkf i\jg\Zk`mf% KÂ?d\j\ \e Zl\ekX cX [\j`^eXZ`Â?e [\ 8Yf^X[f [\]\ejfi p \c ZXj`cc\$ if al[`Z`Xc j\Â&#x152;XcX[f gfi cX XZkfiX% 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cX [fZld\e$ kXZ`Â?e XgXi\aX[X X cX [\dXe[X% Efk`]Â&#x2C6;hl\j\ ]%$ ;i% DXiZf GifXÂ&#x152;f CÂ?g\q# AL<Q DLCK@:FDG<K<EK< ;< E8GF$HL@AFJ% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p# p c\ Z`kf Zfe cX X[m\ik\eZ`X [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc \e \jk\ Alq^X[f gXiX jlj ]lkliXj efk`]`ZXZ`fe\j% :\ik`]`Zf% ;iX% DXiÂ&#x2C6;X Jl}i\q% J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&(('0*&k]

<OKI8:KF AL;@:@8C ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8 EFK@=@:8:@äE AL;@:@8C 8C GL9C@:F <E ><E<I8C 8:KFI1 =@;<C ?@EFAFJ8 8CD<@;8 ;<D8E;8;F1 G<;IF ;8M@; >8IE@:8 DFI8 AL@:@F E f% *+*$)''/$E8% @EJFCM<E:@8 KI8D@K<1 <JG<:@8C F9A<KF1 =le[Xd\ekf \e cf \jkX$ Yc\Z`[f \e \c eld\if ( [\c 8ik% ,(0 p j`^l`\ek\j [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% :L8EK@81 @E;<K<ID@E8;8 GIFM@;<E:@8 ALQ>8;F ;<:@DF GI@D<IF ;< CF :@M@C ;< G@:?@E:?8%$ HL@KF# '0 [\ 8Yi`c [\c )''/# cXj ('_((%$ M@JKFJ%$Gfi Zldgc`[f Zfe \c i\hl\i`d`\ekf Xek\i`fi# cX [\dXe$ [X gifgl\jkX gfi =`[\c ?`efafjX 8cd\`[X# \j Zfdgc\kX# ZcXiX# gi\$ Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ C\p# gfi cf hl\ [\ZcXi}e[fj\cX gifZ\[\ek\ j\ cX X[d`k\ Xc ki}$ d`k\ \jg\Z`Xc jfc`Z`kX[f%$;\ cX [fZld\ekXZ`Â?e XZfdgXÂ&#x152;X[X gfi \c 8Zkfi# j\ gi\jld\ hl\ \c j\Â&#x152;fi G<;IF ;8M@; >8IE@:8 DFI8# j\ _XccX Zfdgi\e[`[f [\ekif [\ cf gi\jZi`kf \e \c eld\iXc (Â&#x2014; [\c 8ik%$ ,(0 [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c%$<e Zfej\Zl\eZ`X# j\ fi[\$ eX cX gi}Zk`ZX [\ cXj j`^l`\ek\j [`c`^\eZ`Xj1 ( %$CX fZlgXZ`Â?e p [\gÂ?j`kf [\ cfj Y`\e\j# c`Yifj# Zfii\jgfe[\eZ`X p d}j [fZl$ d\ekfj [\c [\dXe[X[f# hl\ j\i}e \eki\^X[fj Xc JÂ&#x2C6;e[`Zf [\ Hl`\YiX ;i%$Afi^\ Cl`j DXZXj Ifd\if# X hl`\e j\ efk`]`ZXi} \e c\^Xc ]fidX# X ]`e [\ hl\ i\Xc`Z\ \c `em\ekXi`f p jl i\jg\Zk`mf XmXcÂ&#x2019;f%$) %$Hl\ j\ XZldlc\ kf[fj cfj al`Z`fj j\^l`$ [fj \e ZfekiX [\c [\dXe[X[f gfi cXj fYc`^XZ`fe\j [\ [Xi f _XZ\i# gl[`\e[f cfj XZi\\[fi\j _`gfk\$ ZXi`fj _XZ\i mXc\i jlj [\i\Z_fj gfi j\gXiX[f%$* %$J\ gif_Â&#x2C6;Y\ Xc [\dXe[X[f Xlj\ekXij\ [\c cl^Xi [\c al`Z`f# j`e cX Xlkfi`qXZ`Â?e [\c Al\q hl\ ZfefZ\ cX ZXljX%$ + %$Hl\ \c [\dXe[X[f gi\j\ek\ \c YXcXeZ\ [\ jlj Y`\e\j# Zfe cX `e[`ZXZ`Â?e [\c XZk`mf p gXj`mf# \e \c kÂ&#x201E;id`ef [\ fZ_f [Â&#x2C6;Xj%$, %$I\dÂ&#x2C6;kXj\ Zfg`Xj [\ cf XZklX[f X lef [\ cfj j\Â&#x152;fi\j Al\Z\j [\ cf G\eXc [\ G`Z_`eZ_X# gXiX hl\ ZXc`]`hl\ cX `ejfcm\e$ Z`X%$- %$<c [\dXe[X[f hl\[X [\ _\Z_f \e `ek\i[`ZZ`Â?e [\ X[d`$ e`jkiXi jlj Y`\e\j# [\Y`Â&#x201E;e[fj\ Zfdle`ZXi \jk\ gXik`ZlcXi Xc j\Â&#x152;fi :fekiXcfi p GifZliX[fi >\e\iXc [\c <jkX[f# ;`i\Zkfi EXZ`feXc [\ G\ijfeXc# A\]\ [\ D`^iXZ`Â?e p <okiXea\iÂ&#x2C6;X# 9XeZfj [\ cX cfZX$ c`[X[# EfkXiÂ&#x2C6;Xj# I\^`jkifj [\ cX Gifg`\[X[ p D\iZXek`c [\c :XekÂ?e2 Jlg\i`ek\e[\ek\j [\ :fdgXÂ&#x152;Â&#x2C6;Xj# [\ 9XeZfj# ;`i\Zkfi [\ Ki}ej`kf [\ G`Z_`eZ_X# Gi\j`[\ek\ [\c Ki`YleXc Jlgi\df <c\ZkfiXc# D`e`jkiX =`jZXc >\e\iXc [\c <jkX[f# gXiX hl\ j\ XYjk\e^Xe [\ Z\c\YiXi ZfekiXkfj f i\^`jkiXicfj \e jlj ZXjfj# c`d`$ kXe[f [\ Xc^Â&#x2019;e df[f \c [fd`e`f [\ cfj Y`\e\j [\c [\dXe[X[f%$. %$ @ejZiÂ&#x2C6;YXj\ \c Xlkf ZXc`]`ZXZ`Â?e [\ @ejfcm\eZ`X \e \c I\^`jkif [\ cX Gifg`\[X[ [\c :XekÂ?e p I\^`jkif :`m`c @[\ek`]`ZXZ`Â?e p :\[lcXZ`Â?e cfZXc p EXZ`feXc2 \e ]`e# ZÂ&#x2019;dgcXj\ Zfe kf[Xj p ZlXekXj [`c`^\eZ`Xj e\Z\jXi`Xj Zfe[lZ\ek\j X gifk\$

Ä&#x160;

^\i cfj `ek\i\j\j [\c 8Zkfi%$:Â&#x2C6;k\j\ Xc j\Â&#x152;fi G<;IF ;8M@; >8IE@:8 DFI8 \e cX [`i\ZZ`Â?e j\Â&#x152;XcX[X gXiX \c \]\Zkf# d\[`Xek\ :fd`j`Â?e# hl\ j\ \em`Xi} Xc j\Â&#x152;fi K\e`\ek\ GfcÂ&#x2C6;k`Zf [\ cX gXiifhl`X :fefZfkf# g\ik\e\Z`\ek\ X \jkX Z`l[X[ [\ Hl`kf# X hl`\e j\ c\ ZfeZ\[\ \c kÂ&#x201E;id`ef \okiXfi[`eXi`f [\ ki\j [Â&#x2C6;Xj \e iXqÂ?e [\ cX [`jkXeZ`X# i\dÂ&#x2C6;kX$ j\ [\jgXZ_f \e ]fidX%$ ?\Z_f# j\ _Xi} ZfefZ\i Xc gÂ&#x2019;Yc`Zf \e ^\e\iXc d\[`Xek\ glYc`ZXZ`Â?e gfi cX gi\ejX X e`m\c eXZ`feXc [\ le \okiXZkf [\ cX [\dXe[X p gi\j\ek\ gifm`[\eZ`X# gfi leX jfcX m\q%$ <c [\dXe[X[f gf[i} fgfe\ij\ Xc gi\$ j\ek\ al`Z`f gX^Xe[f cf j\Â&#x152;XcX[f f [`d`k`\e[f Y`\e\j \hl`mXc\ek\j X cX [\l[X# [\Y`[Xd\ek\ jXe\X[fj# \e \c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj cl\^f [\ Z`kX[f%$@eZfigÂ?i\ej\ X cfj Xlkfj cX [fZld\ekXZ`Â?e X[alekX%$KÂ?d\j\ efkX [\ cX ZlXekÂ&#x2C6;X p [\c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[fj gfi \c 8Zkfi# gXiX jlj efk`]`ZXZ`fe\j gfjk\i`f$ i\j# XjÂ&#x2C6; Zfdf \c efdYiXd`\ekf p Xlkfi`qXZ`Â?e dXe`]\jkX[X \e ]Xmfi [\ jl ;\]\ejfi%$EFK@=@HL<J<% = ;I% I<PE8C;F =CFI 8CM8I8;F% AL<Q Cf hl\ Zfdle`Zf X L[%# gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j [\ekif [\c g\iÂ&#x2C6;d\$ kif c\^Xc% :\ik`]`Zf% JiX% AlXeX :\mXccfj >% J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&(('/(&k]

<OKI8:KF AL@:@F ;< KI898AF GIF:<;@D@<EKF FI8C @ E ; < D E @ Q 8 : @ F E < J C89FI8C<J Ef% ,+'$(' EM 8:KFI81 D8I@8E8 ;< A<JèJ E8IMĂ?<Q DLI@CCF : @ K8: @ ä E 1 ? < I < ; < I F J GI<JLEKFJ P ;<J:FEF:@;FJ ;<C :8LJ8EK< J<zFI <;N@E 8D8;<F E8M8II<K< DLzFQ :L8EK@8 0'%'''#'' M@JKFJ1 IX[`ZX[X cX Zfdg\k\eZ`X \e \jk\ Alq^X[f # \e m`ikl[ [\c XZkX [\ jfik\f gi\Z\[\ek\% 8mfZf Zfef$ Z`d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\qX K`klcXi J\okX [\ KiXYXaf [\ G`Z_`eZ_X%$ <e cf gi`e$ Z`gXc# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ C\p% J\ cX X[d`k\ Xc ki}d`k\ \e \c gifZ\[`d`\ekf fiXc# [\ Zfe]fid`[X[ Xc 8ik% ,., [\ cX Zf[`]`ZXZ`Â?e [\c :Â?[`^f [\c KiXYXaf%$ :@K<J< Xc @EJK@KLKF <:L8KFI@8EF ;< J<>LI@;8; JF:@8C i\gi\j\ekX[f c\^Xcd\ek\ gfi \c j\Â&#x152;fi <:FE% =<IE8E;F >L@A8IIF :89<Q8J# Zfe \c Zfe$ k\e`[f [\ cX [\dXe[X p Xlkf [\ ZXc`]`ZXZ`Â?e \e \c [fd`Z`c`f hl\ j\ `e[`ZX gXiX \c \]\Zkf# gXiX cf ZlXc i\dÂ&#x2C6;kXj\ jl]`Z`\ek\ [\jgXZ_f X cX F]`Z`eX [\ :`kXZ`fe\j X ]`e hl\ j\ [\ Zldgc`d`\ekf X cf gi\m`jkf \e \c 8ik% ,.- `eZ`jf j\^le[f [\c :Â?[`^f [\c KiXYXaf# X[m`ik`Â&#x201E;e[f$ c\ X cX [\dXe[X[X cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc# gXiX cXj efk`]`ZXZ`fe\j hl\ c\ Zfii\jgfe[Xe%$ :lÂ&#x201E;ek\j\ \e cX gi\j\ek\ ZXljX Zfe \c j\Â&#x152;fi GifZliX[fi >\e\iXc [\c <jkX[f p Zfe \c @ejg\Zkfi [\c KiXYXaf gXiX cfj ]`e\j [\ c\p% KÂ&#x201E;e^Xj\ \e Zl\ekX cX ZlXekÂ&#x2C6;X ]`aX[X# XjÂ&#x2C6; Zfdf \c ZXj`$ cc\if al[`Z`Xc Ef%())0 [\c [fZkfi N`cjfe 8Yi`c# j\Â&#x152;XcX[f gfi cX gXik\ XZkfiX gXiX gfjk\i`fi\j efk`]`ZX$ Z`fe\j%$ ;\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c 8ik% /) [\c :%G%:% ZÂ&#x2C6;k\j\ gfi cX gi\ejX X cfj _\i\[\$ ifj gi\jlekfj p [\jZfefZ`[fj [\c ZXljXek\ j\Â&#x152;fi <;N@E 8D8;<F E8M8II<K< DLzFQ% ?\Z_f hl\ j\X cXj gXik\j [\Y\i}e ZfeZlii`i X \jk\ ;\jgXZ_f# g\ijfeXcd\ek\ f Zfe gifZliXZ`Â?e al[`Z`Xc hl\ Zfek\e^X Zc}ljlcX \jg\Z`Xc gXiX kiXej`^`i# \c [Â&#x2C6;X m\`ek`fZ_f [\ alc`f [\c [fj d`c feZ\ X cXj el\m\ _fiXj Zfe ZlXi\ekX d`elkfj# X ]`e hl\ k\e^X cl^Xi cX Xl[`\eZ`X gi\c`d`$ eXi [\ ZfeZ`c`XZ`Â?e# Zfek\jkXZ`Â?e X cX [\dXe[X p ]fidlcXZ`Â?e [\ gil\YXj%$ 8ZkÂ&#x2019;\ \e cX gi\j\ek\ ZXljX cX ;iX% GXlc`eX ?`[Xc^f# Zfdf J\Zi\kXi`X K`klcXi%$ :@K<J< P EFK@=@HL<J<% = ;iX% 9\Xki`q :X[\eX CXe[}qli`# Al\qX% = ;iX% GXlc`eX ?`[Xc^f% J\Zi\kXi`X k`klcXi [\c Alq^X[f% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p% ;iX% GXlc`eX ?`[Xc^f J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&(('.(&k]

Ĺ? Ĺ?

Ĺ?


Ĺ? Ĺ?

Ĺ?

Ä Ä&#x20AC;

Ĺ? Ä&#x2021;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä

Ĺ? +. Ĺ? Ä&#x152;Ĺ?

I% ;<C <% :@K8:@FE AL;@:@8C 81 E<CJFE M@:KFI ?L>F 8CM8I<Q :FE <C AL@:@F M<I98C JLD8I@F GIFGL<JKF GFI 89% ><IJFE ?8IF D<I@EF GIF:LI8;FI AL;@:@8C ;< G8:@=@:8I; 8:KFI1 89% ><IJFE ?8IF D<I@EF GIF:LI8;FI AL;@:@8C ;< G8:@=@:8I;% ;<D8E;8;F1 E<CJFE M@:KFI ?L>F 8CM8I<Q# =LE;8D<EKF ;< ;<I<:?F1 8IK@:LCF 0*- ;<C :F;@>F ;< GIF:<;@D@<EKF :@M@C M@><EK<% :L8EK@81 J<@J D@C :L8KIF:@<EKFJ M<@EK@KIyJ ;FC8I<J% AL@:@F1 M<I98C JLD8I@F ELD<IF ((++$)'('$;iX% :%@% ;FD@:@C@F AL;@:@8C Ef% (/0+ ;I% G89CF :8II@CCF ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# m`\ie\j * [\ j\gk`\dYi\ [\c )'('% CXj (+_*+%$ M@JKFJ1 8mfZf ZfefZ`$ d`\ekf [\ cX gi\j\ek\ ZXljX# \e ZXc`[X[ [\ Al\q <eZXi^X[f # d\[`Xek\ f]`Z`f E'% (*'/ ;G$;GG$ Alc`f . [\c )'(' CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX# Zfd$ gc\kX p i\Â&#x2019;e\ cfj [\d}j i\hl`j`kfj [\ c\p# gfi cf hl\ j\ cX XZ\gkX Xc ki}d`k\ i\jg\Zk`mf# \e al`Z`f M\iYXc JldXi`f2 \e Zfej\Zl\eZ`X# ZÂ&#x2C6;k\j\ Xc [\dXe[X[f E<CJFE M@:KFI ?L>F 8CM8I<Q# \e c\^Xc p [\Y`[X ]fidX \e \c cl^Xi hl\ j\ `e[`ZX \e cX gi\j\ek\ XZZ`Â?e%$ 8^iÂ&#x201E;^l\j\ cfj [fZld\ekfj gi\j\ekX[fj%$ KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi \c XZkfi gXiX jlj gfjk\i`fi\j efk`]`ZXZ`fe\j%%$ EFK@=@HL<J<%$ = ;i% =XYi`Z`f J\^fm`X 9% Al\q <eZXi^X[f ALQ>8;F J<>LE;F ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# al\m\j )/ [\ XYi`c [\c )'((# cXj '/_''%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\q <eZXi^X[f # d\[`Xek\ f]`Z`f E'%/.)$;G$;GG [\ ]\Z_X )( [\ 8Yi`c [\c )'((%$ 8k\ekf Xc aliXd\e$ kf i\e[`[f gfi cX gXik\ 8ZkfiX# ZÂ&#x2C6;k\$ j\ Xc [\dXe[X[f E<CJFE M@:KFI ?L>F 8CM8I<Q# [\ Zfe]fid`[X[ Zfe cf hl\ [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e \e cX :`l[X[ [\ Hl`kf%$ EFK@=Ă HL<J<%$ ] ;i% =XYi`Z`f J\^fm`X 9% Al\q <eZXi^X[f Cf hl\ c\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;XcXi ZXj`cc\$ if al[`Z`Xc \e lef [\ cfj [\ \jkX Z`l[X[% ;i% AlXe >XccXi[f H% J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.000,&k] ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@FE AL;@:@8C 81 C@;@8 IFJ8I@F E8LC8 M<CFQ AL@:@F1 < J G <: @ 8 C Ă&#x2020; @EJFCM<E:@8 Ef% (.),$)'('$8%G%E% 8:KF I 1 ; @ JK I @ 9 L @ ; F I8 ;@JG8:@= J%8% ;<D8E;8;81 C@;@8 IFJ8I@F E8LC8 M<CFQ KI8D@K<1 <JG<:@8C :L8EK@81 @E;<K<ID@E8;8% ;FD@:@C@F AL;@:@8C1 +-(* ;iX% C`^`X M`ccfkX M\iX p ;iX% GXfcX M`ccfkX M\iX ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8% Hl`kf# cle\j ) [\ dXpf [\c )'((# cXj ((_')% M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q [\ \jkX Al[`ZXkliX%$ <e cf gi`eZ`gXc# cX [\dXe[X gi\j\ekX[X \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p%$ ;\ cXj Zfg`Xj Z\ik`]`ZX[Xj hl\ j\ XZfdgXÂ&#x152;Xe# j\ [\jgi\e$ [\ hl\ cX j\Â&#x152;fiX C@;@8 IFJ8I@F E8LC8 M<CFQ# ]l\ i\hl\i`[X Zfe \c DXe[Xd`\ekf [\ <a\ZlZ`Â?e \e \c Al`Z`f <a\Zlk`mf# j\^l`[f \e jl ZfekiX# ef _X gX^X[f cX [\l[X# e` _X [`d`k`[f Y`\e\j \hl`mXc\ek\j p gfi cf d`jdf# Xk\ekf X cf gi\$ m`jkf gfi \c 8ik% ,(0 [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ gi\$ jld\ cX `ejfcm\eZ`X [\c j\Â&#x152;fiX C@;@8 IFJ8I@F E8LC8 M<CFQ# ZfekiX hl`\e j\ [`i`^\ cX gi\j\ek\ XZZ`Â?e# \e Zfej\Zl\eZ`X [\ kXc gi\jleZ`Â?e# j\ [\ZcXiX cl^Xi \c ZfeZlijf [\ XZi\\[fi\j hl\# j\ dXe[X X ]fidXi%$ GifZÂ&#x201E;[Xj\ X cX fZlgXZ`Â?e p [\gÂ?j`kf [\ jlj Y`\e\j# c`Yifj# Zfii\jgfe[\eZ`X p d}j [fZld\ekfj# cfj ZlXc\j j\ \eki\^Xi}e Xc JÂ&#x2C6;e[`Zf ;i% E\cjfe Hl`ifcX# X hl`\e j\ c\ [\j`^eX gXiX \c \]\Zkf# X hl`\e j\ \eki\^Xi} cX fZlgXZ`Â?e [\ cfj Y`\e\j `e[`ZX[fj# gi\m`Xj cXj ]fidXc`[X[\j [\ C\p%$ F]Â&#x2C6;Z`\j\ \e c\^Xc p [\Y`[X ]fidX#

X cfj j\Â&#x152;fi\j Al\Z\j [\ cf :`m`c [\ G`Z_`eZ_X# gXiX cX XZldlcXZ`Â?e [\ ZXljXj j\^l`[Xj \e ZfekiX [\ cX [\l[fiX# gfi fYc`^XZ`fe\j [\ [Xi# [\ _XZ\i# X \oZ\gZ`Â?e [\ cXj _`gfk\ZXi`Xj# j` jlj [l\Â&#x152;fj gi\]`\$ i\e _XZ\i mXc\i jlj [\i\Z_fj gfi Zl\i[Xj j\gXiX[Xj% ?}^Xj\ jXY\i X lef [\ cfj j\Â&#x152;fi\j Al\Z\j [\ cf G\eXc [\ G`Z_`eZ_X# X ]`e [\ hl\ ZXc`]`hl\ cX `ejfcm\eZ`X [\ cX j\Â&#x152;fiX C@;@8 IFJ8I@F E8LC8 M<CFQ%$ GlYcÂ&#x2C6;hl\j\ \c \okiXZkf [\ cX [\dXe[X p [\ \jk\ Xlkf# gfi cX gi\ejX# \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf%$ F]Â&#x2C6;Z`\j\ X cfj j\Â&#x152;fi\j Al\Z\j [\ cf G\eXc# X cfj j\Â&#x152;fi\j >\i\ek\j [\ cfj 9XeZfj [\ cX cfZXc`[X[# [\ Zfe]fid`[X[ X cf [`jgl\jkf \e cX C\p [\ :_\hl\j% Efk`]Â&#x2C6;hl\j\ X cfj j\Â&#x152;fi\j1 EfkXi`fj [\c :XekÂ?e p I\^`jkiX[fi [\ cX Gifg`\[X[# X ]`e [\ hl\ ef fkfi^l\e e` `ejZi`YXe e`e^leX <jZi`kliX \e cX hl\ `ek\im\e^X cX [\dXe[X[X% ?}^Xj\ jXY\i X cfj j\Â&#x152;fi\j1 ;`i\Zkfi\j [\ J\^li`[X[# [\ D`^iXZ`Â?e# [\ <okiXea\iÂ&#x2C6;X# gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j# Xc j\Â&#x152;fi :fekiXcfi >\e\iXc [\ cX EXZ`Â?e# gXiX hl\ jlikXe cfj \]\Z$ kfj [\ C\p%$ @ejZiÂ&#x2C6;YXj\ cX gi\j\ek\ `ejfcm\eZ`X# \e \c I\^`jkif [\ cX Gifg`\[X[ p I\^`jkif D\iZXek`c [\c ZXekÂ?e Hl`kf% :feZÂ&#x201E;[Xj\ X cX [\l$ [fi \c kÂ&#x201E;id`ef [\ fZ_f [Â&#x2C6;Xj# gXiX hl\ gi\j\ek\ \c XZk`mf p gXj`mf# ZXjf [\ ef _XZ\icf# j\ fi[\eXi} cX ]fidXZ`Â?e [\ [`Z_f `em\ekXi`f gfi d\[`f [\c JÂ&#x2C6;e[`Zf [\c :feZlijf% 8jÂ&#x2C6; d`jdf# j\ c\ ZfeZ\[\ \c kÂ&#x201E;i$ d`ef [\ ki\j [Â&#x2C6;Xj# X ]`e [\ hl\ gX^l\ cX [\l[X f [`d`kX Y`\e\j \hl`mXc\ek\j [\ekif [\c d`jdf kÂ&#x201E;id`ef# [\ Zfe]fid`[X[ Zfe cf [`jgl\jkf gfi \c 8ik% ,)( [\c d`jdf :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% <e Zfej\Zl\eZ`X# \e dÂ&#x201E;i`kf [\ aliX$ d\ekf i\e[`[f gfi \c XZkfi# ZÂ&#x2C6;k\j\ X cX [\dXe[X[X j\Â&#x152;fiX C@;@8 IFJ8I@F E8LC8 M<CFQ# [\ Zfe$ ]fid`[X[ X cf [`jgl\jkf \e \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# \jkf \j# d\[`Xek\ glYc`ZX$ Z`fe\j \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e eXZ`feXc# hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf% 8c \]\Zkf# Zfe]`Â&#x201E;iXj\ \c \okiXZkf i\jg\Zk`mf%$ 8^iÂ&#x201E;^l\j\ cX [fZl$ d\ekXZ`Â?e XZfdgXÂ&#x152;X[X% KÂ&#x201E;e^Xj\ \e Zl\ekX \c [fd`Z`c`f al[`Z`Xc j\Â&#x152;XcX[f%$ 8ZkÂ&#x2019;\ \c ;i% <[^Xi ?Xif MXc\eql\cX# \e ZXc`[X[ [\ J\Zi\kXi`f <eZXi^X[f# d\[`Xek\ XZZ`Â?e [\ g\ijfeXc Eif% '')+$ ;G$;GG# [\ ]\Z_X ', [\ \e\if [\ )'((%$ :Ă K<J< P EFK@=Ă HL<J< ;I% AFJ< D8IK@E<Q E8I8EAF% AL<Q% = ;i% AfjÂ&#x201E; DXikÂ&#x2C6;e\q EXiXeaf% AL<Q% CF HL< CC<MF 8 JL :FEF:@D@<EKF P C< :@KF GI<M@E@<E;FC< ;< C8 F9C@>8:@FE ;< J<z8C8I :8J@CC<IF A L ; @ : @ 8 C G8 I 8 G F J K < I @ F I < J EFK@=@:8:@FE<J% ;I% <;>8I ?8IF M8C<EQL<C8 J<:I<K8I@F < ;<C ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&.00,.&k]

I% [\c <% ALQ>8;F HL@EKF ;< KI898AF ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 @M8E =I8E:@J:F =CFI<J <OKI8:KF :8LJ81 AL@:@F ;< KI898AF ;< GIF:<;@D@<EKF FI8C Eif ;< AL@:@F1 '*'/ Ă&#x2020; )'(' $ D9 ;<D8E;8;F1 8E;I<J ><ID8E GFIK@CC8 >FEQ8C<Q 8:KFI81 :@I@8 <C<E8 M<I8 :8JKIF :L8EK@81 *%'''#ff AL<Q J 1 ;I :8ICFJ ?@;8C>F GFE:<% ALQ>8;F HL@EKF ;< KI898AF ;< G@:?@E:?8% Hl`kf# cle\j 0 [\ dXpf [\c )'((# cXj (+_++%$ Gfi ZlXekf ZfejkX [\c gifZ\jf hl\ cX XZkfiX :`i`X <c\eX M\iX :Xjkif# [\ZcXiX YXaf aliXd\ekf# hl\ [\j$ ZfefZ\ \c [fd`Z`c`f [\c [\dXe$ [X[f 8e[iÂ&#x201E;j >\id}e Gfik`ccX >feq}c\q# >\i\ek\ >\e\iXc [\ :C<8EJFCLK@FEJ J%8%# j\^Â&#x2019;e cf [`jgfe\ \c 8ik% /) `eZ`jf k\i$ Z\if [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# p \eZfeki}e[fj\ c\^Xcd\e$ k\ i\ZfefZ`[X jl ]`idX p iÂ&#x2019;Yi`ZX X ]faXj m\`ek\ [\c gifZ\jf# J< FI;<E81 :@K<J< Xc [\dXe$ [X[f j\Â&#x152;fi 8E;I<J ><ID8E GFIK@CC8 >FEQ8C<Q# \e jl ZXc`[X[ [\ >\i\ek\ >\e\iXc [\

Ĺ?

:C<8EJFCLK@FEJ J%8%# d\[`Xe$ k\ * glYc`ZXZ`fe\j gfi cX gi\ejX% 8c [\dXe[X[f j\ c\ i\Zl\i[X cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi [fd`Z`c`f al[`Z`Xc gXiX i\Z`Y`i efk`]`ZXZ`fe\j ]lkliXj hl\ c\ Zfii\jgfe[X% J` \c Z`kX[f ef Zfd$ gXi\Z`\i\ m\`ek\ [Â&#x2C6;Xj [\jglÂ&#x201E;j [\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e# j\ c\ Zfej`[\$ iXi} Zfdf i\Y\c[\% ?\Z_f j\ Zfe$ mfZX X cXj gXik\j X \jk\ [\jgXZ_f# g\ijfeXcd\ek\ f Zfe gifZliXZ`Â?e al[`Z`Xc [\Y`[Xd\ek\ XZi\[`kX[X gXiX \c [Â&#x2C6;X m\`ek\ p j`\k\ [\ ale`f [\c [fj d`c feZ\# X cXj [`\Z`jÂ&#x201E;`j _fiXj# X ]`e [\ hl\ j\ cc\m\ X ZXYf cX Xl[`\eZ`X gi\c`d`eXi [\ ZfeZ`$ c`XZ`Â?e Zfek\jkXZ`Â?e X cX [\dXe[X p ]fidlcXZ`Â?e [\ gil\YXj%$ :@K<J< P EFK@=@HL<J<%$ ;I8% EFID8 8CK8D@I8EF >% J<:I<K8I@8 ?Xp ]`idX p j\ccf 8:&.00.'&k]

<OKI8:KF AL;@:@8C ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 81 AFJ< <;L8I;F @KLII8C;< D8P8 8:KFI1 J88;@E 8C=I<;F J<II8EF M8CC8;8I<J ;<D8E;8;F1 AFJ< <;L8I;F @KLII8C;< D8P8 AL@:@F1 @EJFCM<E:@8 Ef +(* Ă&#x2020; )'(( $ :D% KI8D@K<1 <JG<:@8C :L8EK@81 @E;<K<ID@E8;8 GIFM@;<E:@81 ALQ>8;F JyGK@DF ;< CF :@M@C ;< G@:?@E:?8# Hl`kf# dXik\j () [\ XYi`c [\c )'((# cXj '/_+0% M@JKFJ1 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q K`klcXi [\ \jkX Al[`ZXkliX% CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# Zfdgc\kX p i\Â&#x2019;e\ cfj [\d}j i\hl`$ j`kfj [\ c\p% ;\ cXj Zfg`Xj Z\ik`]`$ ZX[Xj hl\ j\ XZfdgXÂ&#x152;Xe# j\ [\j$ gi\e[\ hl\ \c [\dXe[X[f j\Â&#x152;fi AFJ< <;L8I;F @KLII8C;< D8P8# j\ _XccX Zfdgi\e[`[f \e cX j`klXZ`Â?e gi\jZi`kX \e \c 8ik% ,(0 [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# :f[`]`ZX[f# gfi cf hl\ j\ gi\jld\ jl `ejfcm\eZ`X p j\ [\ZcXiX Zfe cl^Xi Xc ZfeZlijf [\ XZi\\[fi\j% <e Zfej\Zl\eZ`X# gifZÂ&#x201E;[Xj\ X cX fZlgXZ`Â?e p [\gÂ?j`kfj [\ jlj Y`\e\j# c`Yifj# Zfii\jgfe[\eZ`X p d}j [fZld\ekfj [\c ]Xcc`[f# cfj d`jdfj hl\ j\ \eki\^Xi}e Xc jÂ&#x2C6;e[`$ Zf [\c ZfeZlijf ;i% 8ieXc[f =`Xccfj# Zfe hl`\e j\ ZfekXi} \e cX gi\j\ek\ ZXljX% GlYcÂ&#x2C6;hl\j\ cX ]fidXZ`Â?e [\c ZfeZlijf \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf% FgfikleXd\ek\ j\ j\Â&#x152;X$ cXi} [Â&#x2C6;X p _fiX gXiX cX alekX [\ XZi\\[fi\j% Hl\ j\ XZldlc\ kf[fj cfj al`Z`fj j\^l`[fj \e ZfekiX [\c [\l[fi gfi fYc`^XZ`fe\j [\ [Xi f _XZ\i% I\dÂ&#x2C6;kXj\ Zfg`Xj e\Z\jXi`Xj X lef [\ cfj j\Â&#x152;fi\j Al\Z\j [\ cf G\eXc [\ \jkX gifm`eZ`X# gXiX cX ZXc`]`ZXZ`Â?e [\ cX `ejfcm\eZ`X% <c [\l[fi \e \c kÂ&#x201E;id`ef [\ fZ_f [Â&#x2C6;Xj gi\j\ek\ \c YXcXeZ\ [\ jlj Y`\e\j \e ]fidX c\^Xc% :fdf \c ]Xcc`[f hl\[X \e `ek\i[`ZZ`Â?e [\ X[d`e`jkiXi jlj Y`\e\j# efk`]Â&#x2C6;$ hl\j\ Xc j\Â&#x152;fi I\^`jkiX[fi [\ cX Gifg`\[X[ [\c ZXekÂ?e# XjÂ&#x2C6; Zfdf kXdY`Â&#x201E;e X cfj >\i\ek\j [\ cfj 9XeZfj [\ cX Z`l[X[# Al\Z\j [\ cf :`m`c [\ G`Z_`eZ_X# ;`i\ZZ`Â?e [\ D`^iXZ`Â?e# Jlg\i`ek\e[\ek\ [\ 9XeZfj# Jlg\i`ek\e[\ek\ [\ :fdgXÂ&#x152;Â&#x2C6;Xj# :fej\af EXZ`feXc <c\ZkfiXc# ;`i\Zkfi >\e\iXc [\c I\^`jkif :`m`c# @[\ek`]`ZXZ`Â?e p :\[lcXZ`Â?e# EfkXiÂ&#x2C6;Xj [\c ZXekÂ?e Hl`kf# I\^`jkif D\iZXek`c# j`e g\i$ al`Z`f [\ \jkX [\ZcXiXkfi`X# \c [\l$ [fi \e \c kÂ&#x201E;id`ef [\ ki\j [Â&#x2C6;Xj [\ j\i c\^Xcd\ek\ Z`kX[f# gf[i} fgfe\ij\ X cX `ejfcm\eZ`X# gX^Xe[f cX [\l[X f [`d`k`\e[f Y`\e\j jXe\X[fj p jl]`Z`\ek\j% ;\ Zfe]fid`[X[ Zfe cf gi\m`jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c p Xc aliX$ d\ekf i\e[`[f gfi \c XZZ`feXek\ [\ cX `dgfj`Y`c`[X[ [\ [\k\id`eXi cX `e[`m`[lXc`[X[ f i\j`[\eZ`X# j\ [`jgfe\ Z`kXi Xc [\dXe[X[f j\Â&#x152;fi AfjÂ&#x201E; <[lXi[f @kliiXc[\ DXpX# gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e hl\ j\ \[`kX \e \jkX Z`l[X[ [\ Hl`kf% 8^iÂ&#x201E;^l\ej\ Xc gifZ\jf cfj [fZld\ekfj hl\ j\ XZfdgXÂ&#x152;Xe% KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi \c ZfdgXi\Z`\ek\%$ EFK@=@HL<J<% = ;I% I8LC D8I@zF ?<IEĂ?E;<Q AL<Q% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ c\p# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc [\ekif [\c g\iÂ&#x2C6;$ d\kif p \e cX ]fidX \jkXYc\Z`[fj \e cX c\p% ;I% D8EL<C 8DFE D<;@E8 J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&.0,)+&k] <OKI8:KF AL@:@F Ef% ./$)'(($D=> ;<C@KF1 @EALI@8J 8:LJ8;FI G8IK@:LC8I1 CLG<I8 D8IK@E<Q =8LJKF IF;I@>F HL<I<CC8;F1 ALC@F :<J8I

I_ gk[h[cei kd ckdZe Z[ fWp o Z[ `kij_Y_W ^Wo gk[ fed[h Z[Y_Z_ZWc[dj[ bW _dj[b_][dY_W Wb i[hl_Y_e Z[b Wceh$ 7 D J E ? D ; C$ : ; I 7 ? D J #; N K F x H O $ KFII<J Ă&#x2C6;C8 I<GL9C@:8 ;<C <:L8;FI <E JL EFD9I< P GFI 8LKFI@;8; ;< C8 C<P# C8 ;F:KFI8 ><F:FE;8 CFI<E:<J D<Q8 AL<Q8 K<I:<IF ;< >8I8EK@8J G<E8C<J ;< G@:?@E:?8 \eZXi$ ^X[X1 ALQ>8;F K<I:<IF ;< >8I8EK@8J G<E8C<J ;< G@:?@E:?8% Hl`kf# cle\j (+ [\ ]\Yi\if [\c )'((# cXj ((_(0% M@JKFJ1 <e d` ZXc`[X[ [\ Al\qX <eZXi^X[f [\ \jkX Al[`ZXkliX# XmfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX p \e cf gi`eZ`gXc1 Gfi i\le`i cfj i\hl`j`kfj [\k\id`eX[fj \e \c Xik% *.( [\c d`jdf Zl\igf c\^Xc j\ XZ\gkX Xc ki~d`k\ cX hl\i\ccX gi\j\ekX[X gfi \c ;i% =8LJKF IF;I@>F CLG<I8 D8IK@E<Q gfi \c [\c`kf [\ @EALI@8J# ki~d`k\ hl\ j\ \eZl\ekiX gi\m`jkf gXiX cfj [\c`kfj [\ XZZ`Â&#x17D;e gi`mX[X# [\Y`\e$ [f gfi kXekf Z`kXij\ Xc XZljX[f ALC@F :<J8I KFII<J \e c\^Xc p [\Y`[X ]fidX Zfe \c c`Y\cf [\ XZljXZ`Â&#x17D;e p \jk\ Xlkf \e \c [fd`$ Z`c`f j\Â&#x152;XcX[f \e cX hl\i\ccX \jkf \j \e cXj f]`Z`eXj [\ >XdX KM [\ cX 8m\e`[X <cfp 8c]Xif ,+'' p I`f :fZX [\ \jkX Z`l[X[ [\ Hl`kf # gXiX cf ZlXc i\dÂ&#x2C6;kXj\ cXj Zfg`Xj [\ c\p X cX JXcX [\ :`kXZ`fe\j [\ cX =leZ`Â?e Al[`Z`Xc X ]`e [\ hl\ gifZ\[Xe X [Xi Zldgc`d`\ekf X cf fi[\eX$ [f%$ :Â&#x2030;k\j\ p Efk`]Â&#x2030;hl\j\ ] %$ ;iX% >\fZfe[X Cfi\eZ\j D\qX# Al\qX K\iZ\iX [\ >XiXekÂ&#x2C6;Xj G\eXc\j [\ G`Z_`eZ_X% ALQ>8;F K<I:<IF ;< >8I8EK@8J G<E8C<J ;< G@:?@E:?8% Hl`kf# cle\j (/ [\ XYi`c [\c )'((# cXj ('_+-%$ M@JKFJ1 <e cf gi`eZ`gXc [`jgfe^f1 ;\c i\ZfefZ`d`\ekf YXaf aliXd\ekf i\Xc`qX[f gfi gXik\ [\c XZljX[fi gXik`ZlcXi =8LJKF IF;I@>F CLG<I8 D8IK@E<Q # \e ZlXekf [\jZfefZ\ \c [fd`Z`c`f \oXZkf [\c hl\i\ccX[f ALC@F :<J8I KFII<J # \e Zfej\Zl\eZ`X [\ XZl\i[f Xc 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# :Â&#x2C6;k\j\c\ Xc hl\i\ccX[f ALC@F :<J8I KFII<J# d\[`Xek\ ki\j glYc`ZXZ`Â?e \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcX$ Z`Â?e [\ \jkX Z`l[X[ gXiX cf ZlXc j\ XZfdgXÂ&#x152;X cX ]fkfZfg`X [\ cX i\jg\Zk`mX XZljXZ`Â?e gXik`ZlcXi%$ :@K<J< P EFK@=@HL<J<% ] %$ ;iX% >\fZfe[X Cfi\eZ\j D\qX# Al\qX K\iZ\iX [\ >XiXekÂ&#x2C6;Xj G\eXc\j [\ G`Z_`eZ_X% Cf hl\ Zfdle`Zf gXiX cfj ]`e\j [\ C\p% ;I8% ><F:FE;8 CFI<E:<J D<Q8 AL<Q8 K<I:<I8 ;< >8I8EK@8J G<E8C<J ;< G@:?@E:?8% Cf hl\ Zfdle`Zf X ljk\[ gXiX cfj ]`e\j [\ C\p Zfej`^l`\ek\j# gi\m`$ e`Â&#x201E;e[fc\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`ccX al[`Z`Xc [\ekif [\ cX gi\j\ek\ ZXljX% ;I8% EFID8 I<P<J JFC8EF J<:I<K8I@8 <E:% ?Xp ]`idX p j\ccf 8:.0,('&k]

I<GL9C@:8 ;<C <:L8;FI ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 <OKI8:KF AL;@:@8C :@K8:@äE AL;@:@8C 81 :<J8I AFI>< :8JKI@CCFE 8:KFI81 D8I@8E8 ;< A<JèJ G<I<Q 8CK8D@I8EF ;<D8E;8;F1 :<J8I AFI>< :8JKI@CCFE KI8D@K<1 M<I98C JLD8I@F :L8EK@81 @E;<K<ID@E8;8 =LE;8D<EKF C<>8C1 8IK% ((/ ;<C :F;@>F :@M@C 89F>8;F ;<=<EJFI1 ;I% M@:<EK< E8M8II<K<

:8J@CC8 AL;@:@8C Ef% +,-, ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# dXik\j (. [\ dXpf [\c )'((# cXj ((_(/%$ M@JKFJ%$ 8mfZf ZfefZ`d`\ekf [\ cX gi\j\ek\ ZXljX \e ZXc`[X[ [\ Al\qX K\dgfiXc [\c Alq^X[f ;Â&#x201E;Z`df [\ cf :`m`c [\ G`Z_`eZ_X# d\[`Xek\ 8ZZ`Â?e [\ G\ijfeXc Ef%00/$;G$;GG [\ ]\Z_X '0 [\ dXpf [\c )'((%$ <e m`ikl[ [\c jfi$ k\f [\ c\p Zfii\jgfe[`\ek\%$ CX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p# gfi cf hl\ [\ZcXi}e[fj\cX gifZ\[\ek\ j\ cX XZ\gkX Xc ki}d`k\ m\iYXc jldX$ i`f%$ <e dÂ&#x201E;i`kf Xc aliXd\ekf hl\ k`\e\ i\e[`[f cX j\Â&#x152;fiX DXi`XeX [\ A\jÂ&#x2019;j GÂ&#x201E;i\q 8ckXd`iXef p [\ Zfe$ ]fid`[X[ Zfe \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# j\ fi[\eX hl\ j\ Z`k\ Xc [\dXe[X[f j\Â&#x152;fi :\jXi Afi^\ :Xjki`ccÂ?e# gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j# d\[`Xe$ k\ ki\j glYc`ZXZ`fe\j gfi cX gi\ejX \e lef [\ cfj [`Xi`fj [\ dXpfi Z`i$ ZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf%$ 8c \]\Zkf i\dÂ&#x2C6;kXj\ \c \okiXZkf Zfii\jgfe[`\ek\% 8^iÂ&#x201E;^l\j\ X cfj Xlkfj cfj [fZld\ekfj hl\ XZfd$ gXÂ&#x152;X X cX [\dXe[X%$ KÂ&#x201E;e^Xj\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc# j\Â&#x152;XcX$ [f gXiX gfjk\i`fi\j efk`]`ZXZ`fe\j# XjÂ&#x2C6; Zfdf cX Xlkfi`qXZ`Â?e Zfe]\i`[X X jl 8Yf^X[f ;\]\ejfi%$ :Â&#x2C6;k\j\ p Efk`]Â&#x2C6;hl\j\%$ ] ;I8% D8I:@8 =CFI<J 9<E8C:8Q8I% AL<Q8 K<DGFI8C% Cf hl\ c\ Zfdle`Zf X ljk\[ p c\ Z`kf gXiX cfj ]`e\j [\ C\p g\ik`e\ek\j# gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ \e j\Â&#x152;XcXi ZXj`cc\if al[`Z`Xc gXiX jlj ]lkliXj efk`]`ZXZ`fe\j% :\ik`]`Zf% ;i% <[^Xi ?Xif MXc\eql\cX J<:I<K8I@F ;<C ALQ>8;F ;<:@DF ;< CF :@M@C ;< G@:?@E:?8 ?Xp ]`idX p j\ccf 8:&.0.,'&k]

ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8 :@K8:@äE AL;@:@8C 8 CFJ ?<I<;<IFJ GI<JLEKFJ# :FEF:@;FJ P ;<J:FEF:@;FJ ;<C J<zFI CL@J >FEQ8CF =I<@I< <I8QF# j\ c\j _XZ\ Zfef$ Z\i \c <OKI8:KF# [\ [\dXe[X [fe[\ J< FI;<E8 C8 8G<IKLI8 ;< C8 JL:<J@äE P C8 =8::@äE ;< @EM<EK8I@FJ ;< CFJ 9@<E<J ;<A8;FJ GFI <C :8LJ8EK< P C8 GIFM@;<E:@8 HL< 8 :FEK@EL8:@äE J@>L<1 8 8:KFI<J1 ;I% 9LI98EF GFIK@CC8 <;@JFE GIF:LI8;FI AL;@:@8C ;< C8 J<zFI8 8E><C8 ;<C :@JE< <JG@EFQ8 <JG@EFQ8 ;<D8E;8;FJ1 ?<I<;<IFJ GI<JLEKFJ :FEF:@;FJ P ;<J:FEF:@;FJ ;<C J<zFI CL@J >FEQ8CF =I<@I< <I8QF 8 JLEKF1 Hl\ gi\m`f \c ki}d`k\ g\ik`e\ek\# j\ [\ZcXi\ cX ]fidl$ cXZ`Â?e [\c `em\ekXi`f jfc\de\ [\ cfj Y`\e\j [\aX[fj gfi \c j\Â&#x152;fi Cl`j >feqXcf =i\`i\ <iXqf# gXiX hl\ d\[`Xek\ j\ek\eZ`X j\ XZ\gk\ \jkX [\dXe[X p j\ [\ZcXi\ XgifYX[f \c `em\ekXi`f p XmXcÂ&#x2019;f [\ cfj Y`\e\j [\aX[fj gfi \c ZXljXek\% KI8D@K<1 <jg\Z`Xc%$ :L8EK@8%$ @e[\k\id`eX[X%$ =<:?8 ;< @E@:@8:@äE ;<C AL@:@F1 . [\ ]\Yi\if [\c )'((%$ ;FD@:@C@F C<>8C1 :Xj`ccX Al[`Z`Xc Ef% +,+0 ;i% :Xicfj :i`fccf%$ AL@:@F <JG<:@8C Ef% (-($)'(( 99 GIFM@;<E:@8 ALQ>8;F :L8IKF ;< CF :@M@C ;< G@:?@E:?8%$ Hl`kf# d`Â&#x201E;iZfc\j *' [\ dXiqf [\c )'((# cXj ((_,+%$

M`jkfj1 CX Zfdg\k\eZ`X [\ \jkX ZXljX# j\ _X iX[`ZX[f \e \jkX Al[`ZXkliX d\[`Xek\ \c jfik\f i\j$ g\Zk`mf# gfi cf kXekf XmfZf Zfef$ Z`d`\ekf [\ cX gi\j\ek\ ZXljX# \e d` ZXc`[X[ [\ Al\q <eZXi^X[f [\ \jkX Al[`ZXkliX# d\[`Xek\ 8ZZ`Â?e [\ G\ijfeXc Ef% -'+ $;G$;GG$ [\ )) dXiqf [\c )'((% <e cf gi`eZ`gXc# cX [\dXe[X gi\j\ekX[X \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ C\p# \e Zfej\Zl\eZ`X# [\ XZl\i[f X cfj Z\ik`]`ZX[fj [\ ;\]leZ`Â?e [\1 CL@J >FEQ8CF =I<@I8 <I8QF# hl\ XZi\[`kX \e [\i\Z_f# cX dl\ik\ [\c d`jdf# j\ fi[\eX cX Xg\ikliX [\ cX jlZ\j`Â?e p cX ]XZZ`Â?e [\ `em\e$ kXi`fj [\ cfj Y`\e\j [\aX[fj gfi \c ZXljXek\% :Â&#x2C6;k\j\ X cXj [\dXe[X$ [Xj j\Â&#x152;fiXj 8D8E;8 <C@Q89<K? ;< C8 IFJ8 >FEQ8C<J p A8QD@E 8GFCFE@8 C@K8I;F KIFP8 \e \c cl^Xi `e[`ZX[f gXiX \c \]\Zkf% <e dÂ&#x201E;i`kf Xc aliXd\ekf i\e[`[f ZÂ&#x2C6;k\Z\ X cfj ?<I<;<IFJ GI<JLEKFJ P ;<J:FEF:@;FJ ;<C HL< <E M@;8 =L< CL@J >FEQ8CF =I<@I8 <I8QF [\ Zfe]fid`[X[ X cf [`j$ gl\jkf gfi \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c# gfi cX gi\ejX# \e lef [\ cfj g\i`Â?[`Zfj [\ dXpfi Z`iZlcXZ`Â?e p hl\ j\ \[`kXe \e \jkX Z`l[X[ [\ Hl`kf%$ :lÂ&#x201E;ek\j\ Zfe \c J\im`Z`f [\ I\ekXj @ek\ieXj%$ 8^iÂ&#x201E;^l\j\ cX [fZld\ekXZ`Â?e XZfdgXÂ&#x152;X[X% KÂ&#x201E;e^Xj\ \e Zl\e$ kX \c [fd`Z`c`f al[`Z`Xc j\Â&#x152;XcX[f% Efk`]Â&#x2C6;hl\j\% ;I% N@CD<I 8D9IFJJ@ IF9C<J AL<Q <E:8I>8;F Cf hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p# X[m`ik`Â&#x201E;e[f$ c\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;XcXi ZXj`ccX al[`Z`Xc [\c GXcXZ`f [\ Aljk`Z`X [\ \jkX Z`l[X[ [\ Hl`kf# gXiX i\Z`Y`i ]lkliXj efk`]`$ ZXZ`fe\j% C:;F% CL@J 98I8?FE8 DFI<EF% J<:I<K8I@F < ?Xp ]`idX p j\ccf 8:&.0/+.&k]

<OKI8:KF 8:KFI1 @E>% ;8IN@E J8EK@8>F <I8QF ;<D8E;8;81 DFE@:8 M@M@8E8 9FIA8 E8I8EAF AL@:@F1 M\iYXc JldXi`f Ef% *0($ )'(( 8> =LE;8D<EKF C<>8C1 8ik% *' c`k\iXc X C\p [\ @ehl`c`eXkf :L8EK@81 )%(''#ff [Â?cXi\j Xd\$ i`ZXefj 89F>8;F1 ;i% <[`jfe :X[\eX :8J@CC<IF Ef% ,), GIFM@;<E:@81 8lkf [\ ZXc`]`ZX$ Z`Â?e ALQ>8;F K<I:<IF ;< @EHL@C@E8KF P I<C8:@FE<J M<:@E8C<J ;< G@:?@E:?8%$ Hl`kf# m`\ie\j )0 [\ XYi`c [\c )'((# cXj ('_'-%$ M@JKFJ 1 <e m`jkX hl\ \c XZkfi _X [X[f Zldgc`d`\ekf X cf fi[\eX[f \e cX Â&#x2019;ck`dX gif$ m`[\eZ`X# cX gi\j\ek\ ZXljX j\ c\ X[d`k\ X ki}d`k\ \e al`Z`f m\iYXc jldXi`f%$ Gfi kXc :@K<J< Zfe cX [\dXe[X p gifm`[\eZ`X i\ZXÂ&#x2C6;[X# X cX [\dXe[X[X DFE@:8 M@M@8E8 9FIA8 E8I8EAF# d\[`Xek\ ki\j glYc`ZXZ`fe\j gfi cX gi\ejX# Zfe$ ]fid\ cf [`jgfe\ \c 8ik% /) [\c ZÂ?[`^f [\ GifZ\[`d`\ekf :`m`c%$ 8^iÂ&#x201E;^l\j\ X cfj Xlkfj cfj [fZl$ d\ekfj XZfdgXÂ&#x152;X[fj%$ KÂ?d\j\ \e Zl\ekX \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f# p cX Xlkfi`qXZ`Â?e [X[X Xc XYf^X[f [\]\ejfi%$ Efk`]Â&#x2C6;hl\j\% ] ;I8% 9<IK?8 M@K<I@ =@8CCFJ%$ AL<Q8 Cf hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX cfj ]`e\j Zfej`^l`\ek\j% C\ gi\m\e^f [\ cX fYc`^XZ`Â?e [\ j\Â&#x152;X$ cXi [fd`Z`c`f c\^Xc [\ekif [\c g\iÂ&#x2C6;$ d\kif liYXef Zfe]fid\ X cX C\p% 8k\ekXd\ek\% CZ[X% Dpi`Xd =l\ek\j J\Zi\kXi`X \ ALQ>8;F K<I:<IF ;< @EHL@C@E8KF ?Xp le j\ccf 8%:%&.0,') <OKI8:KF AL;@:@8C 8:KFI1 M@:KFI 8D8;<F ;8C>F P8E<Q ;<D8E;8;F1 G8LC :?@9@QFM

! ! 9

& 5" " /1.$&%&1 "+ /"(. %& &5.+4$*<- %& /.13&2 &+ 04& &- 5*%" '4& 6 8 #.2 4"3"/* *,"1" .1(& +;"2 4*&-&2 2& $1&7&1&- $.- %&1&$). " &23& #&-&=$*. /.%1:- "$&1$"1 2& " /1&2&-3"1 &+ 1&$+",. 1&2/&$3*5. &- &+ &15*$*. %& &2"-3;" %& +" .+*$;" "$*.-"+ &- 4*3. &- &+ 31"-2$412. %& " $.-3"12& %& +" /1&2&-3& /4#+*$"$*<-

!

=LE;8D<EKF C<>8C1 8ik% *' c`k\iXc X C\p [\ @ehl`c`eXkf AL@:@F1 M<I98C JLD8I@F Ef% +--$)'(($:: ALQ>8;F GI@D<IF ;< @EHL@C@E8KF P I<C8:@FE<J M<:@E8C<J ;< G@:?@E:?8%$ Hl`kf# cle\j *' [\ dXpf [\c )'((# cXj (,_,(%$ M@JKFJ1 8mfZf Zfef$ Z`d`\ekf [\ cX gi\j\ek\ ZXljX \e m`ikl[ [\c jfik\f i\Xc`qX[f# leX m\q hl\ cX gXik\ XZkfiX _X [X[f Zldgc`d`\ekf Zfe cf [`jgl\jkf \e gifm`[\eZ`X Xek\i`fi# cX [\dXe[X hl\ Xek\Z\[\ \j ZcXiX# gi\Z`jX p i\Â&#x2019;e\ cfj i\hl`j`kfj [\ c\p# XZ\g$ k}e[fcX X ki}d`k\ \e al`Z`f m\iYXc jldXi`f# \e Zfej\Zl\eZ`X :@K<J<1 Xc [\dXe[X[f j\Â&#x152;fi G8LC :?@9@QFM# \e lef [\ cfj [`Xi`fj [\ dXpfi Z`iZlcXZ`Â?e [\ \jkX Z`l[X[ [\ Hl`kf# [\ Zfe]fid`[X[ X cf hl\ [`jgfe\ \c 8ik% /) [\c :Â?[`^f [\ GifZ\[`d`\ekf :`m`c% 8^iÂ&#x201E;^l\j\ Xc gifZ\jf cfj [fZld\ekfj gi\j\ekX$ [fj p kÂ?d\j\ \e Zl\ekX cX ZlXekÂ&#x2C6;X p \c ZXj`cc\if al[`Z`Xc j\Â&#x152;XcX[f gfi \c XZkfi# gXiX jlj efk`]`ZXZ`f$ e\j%$ Efk`]Â&#x2C6;hl\j\%$ ] ;iX% JljXeX MXcc\af 9fcXÂ&#x152;fj# Al\q Gi`d\if [\ @ehl`c`eXkf j`^l\ cX efk`]`ZXZ`Â?e % Cf hl\ gfe^f \e jl ZfefZ`d`\ekf gXiX cfj ]`e\j [\ C\p% Gi\m`e`Â&#x201E;e[fc\ [\ cX fYc`^XZ`Â?e hl\ k`\e\ [\ j\Â&#x152;X$ cXi ZXj`cc\if al[`Z`Xc gXiX jlj efk`]`$ ZXZ`fe\j% CF :<IK@=@:F% ;I% ?L>F M@K<I@ GFC@K J<:I<K8I@F ?Xp ]`idX p j\ccf 8:&((',/&k]

EFK8I@8 J<GK@D8 ;<C :8EKFE HL@KF 8M@JF 8C GL9C@:F ;\ Zfe]fid`[X[ Zfe cf [`jgl\jkf \e \c Ef% )* [\c 8ik% (/ [\ ((* C\p EfkXi`Xc# Zfdle`Zf Xc gÂ&#x2019;Yc`Zf hl\ Zfe ]\Z_X )' [\ XYi`c [\ )'((2 cfj Ji\j% DXi`f GXki`Z`f I\ea`]f ;}mXcfj p =Xeep 8c`Z`X G}\q A`dÂ&#x201E;e\q# _Xe gifZ\[`[f X jljZi`$ Y`i cX \jZi`kliX [\ C`hl`[XZ`Â?e [\ cX JfZ`\[X[ :fepl^Xc [\ cX j`^l`\ek\ ]fidX1 8c j\Â&#x152;fi D8I@F G8KI@:@F I<EA@=F ;8M8CFJ# gfi jl _XY\i \e cX jfZ`\[X[ Zfepl^Xc j\ c\ \eki\^X \c m\`ek`Z`eZf gfi Z`\ekf [\ [\i\Z_fj p XZZ`fe\j ]`eZX[fj \e \c cfk\ [\ k\ii\ef lY`ZX[f \e \c j\Zkfi Hl`ekXeX# YXii`f 8dX^XjÂ&#x2C6;# gXiifhl`X CcXef :_`Zf [\ \jk\ ZXe$ kÂ?e# [\ leX jlg\i]`Z`\ [\ ,-+#,' ie)%# gfi le mXcfi [\ LJ (*%-)*2 \c X[al[`ZXkXi`f gXjX X j\i gif$ g`\kXi`f [\c ,' [\ [`Z_f `edl\$ Yc\%$ 8 cX j\Â&#x152;fiX =8EEP 8C@:@8 G8<Q A@D<E<Q# gfi jl _XY\i \e cX jfZ`\[X[ Zfepl^Xc j\ c\ \eki\^X cX ZXek`[X[ [\ LJ (*%-)*% CX ZlXekÂ&#x2C6;X [\ cX \jZi`kliX \j [\ LJ ).%)+-% CXj g\ijfeXj hl\ Zfej`[\i\e k\e\i [\i\Z_f X fgfe\ij\ X \jkX c`hl`$ [XZ`Â?e# [\Y\i}e dXe`]\jkXicf gfi \jZi`kf# \e le gcXqf ef dXpfi X )' [Â&#x2C6;Xj ZfekX[fj [\j[\ \jkX ]\Z_X# \e cXj f]`Z`eXj [\ cX EfkXi`X# lY`ZX[Xj \e cX 8m% J\`j [\ ;`Z`\dYi\ Ef% (*+

p Jf[`if [\ \jkX Z`l[X[% Hl`kf# XYi`c )' [\c )%'(( ;i% Cl`j MXi^Xj ?`efjkifqX EfkXi`f JÂ&#x201E;gk`df [\ Hl`kf% ?Xp le j\ccf 8%:%.00,(&k]

8ELC8:@FE<J

BANCO INTERNACIONAL Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -,''/*,*/. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& ( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '+('.)/(', [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& ) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ,''.,(-,. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& * d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% */'.-*,,* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& + d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% */'.-*)/- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& , d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% */'.0(,+0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\

CONVOCATORIA A JUNTA GENERAL ORDINARIA DE ACCIONISTAS DE EL PAN FRANCES S.A. De conformidad con las disposiciones Estatutarias y de la Ley de Compaùías, convocase a los seùores accionistas de EL PAN FRANCES S.A. a la Junta General Ordinaria, la misma que se instalarå el día Jueves 16 de Junio del 2011 a las 11H00 horas en las oficinas situadas en la Calle Ramírez Dåvalos Oe1-111 y 10 de Agosto piso 2 de la ciudad de Quito. Esta convocatoria se hace extensiva al Sr. CÊsar Våsconez Flores Comisario de la Compaùía, el cual ha sido convocado personal e individualmente. Los puntos a tratarse son los siguientes: 1. Conocer y resolver el informe que presentarå el Gerente por el ejercicio 2010. 2. Conocer y resolver sobre el informe que presentarå el Comisario por el ejercicio 2010. 3. Conocer y resolver sobre los Balances General, Estado de PÊrdidas y Ganancias y demås anexos del ejercicio 2010. 4. Resolver el destino de los beneficios sociales. 5. Nombramiento de Comisario. 6. Nombramiento de Directores Principales y Suplentes. 7. Varios. Los documentos que serån conocidos por la Junta General se encuentran a disposición de los seùores accionistas, en las oficinas de la Compaùía ubicadas en la Ramírez Dåvalos Oe1-111 y 10 de Agosto. Presidente Javier Guerrero Lenthall. AC/11092(1)


\jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& - d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '/''/((*+) [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& . d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *''.'0/00 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& / d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-''.,(//' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& 0 d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +,'.,.(+, [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& (' d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% 0/''.-'/(, [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& (( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% 0'0*)0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& () d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *-'.),-)* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& (* d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +*'..'0.' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& (+ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% (')(('/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& (, d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -)'.)0/*/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& (- d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-('/'/,/( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf%

8:& (. d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% /''/))-+- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& (/ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% 0''.-.,). [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& (0 d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% (('.,+'.) [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& )' d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% /''./,+(, [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& )( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -*'.()*-/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& )) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-''.*--)/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& )* d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +''.0/0-0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& )+ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ,''.+''*, [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& ), d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +,'.)'0)- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& )- d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ,''.,,.-/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& ). d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ,''/'**+- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& )/ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-)'.+00- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e

Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& )0 d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '(''.0+.(+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& *' d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ,''/''+.0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& *( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '''))))-). [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& *) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '*,'.*'+0/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& ** d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '+('.),-(' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& *+ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '/''...(-( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& *, d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '*/'..)-.- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& *- d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ('''/+*)(( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& *. d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *.'.*',', [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& */ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ('''.,+''0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& *0 d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -,''/'.+(* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$

IÂ&#x152;be [i Z_]de Z[ ik feZ[h [b gk[ be `kij_\_YW ZÂ&#x2021;W W ZÂ&#x2021;W$ :7= >@7BC7H >7CC7HIA@zB:

df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& +' d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +,'.+-//. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& +( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% */'..0/0( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& +) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% /-()'* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& +* d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% 0.''.0)))+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& ++ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-''.-'(-) [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& +, d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *'''.,+)+' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& +- d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% /./+-. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& +. d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ,''.-*'0(( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& +/ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% (('./0.)' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& ( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% /''/(,//. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& ) d^ 4444444

Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% */'.+).)- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& * d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *)''.,.+,( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& + d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '+('.)*(0. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& , d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +*'.,+',* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& - d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% )''.+/,)' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& . d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *''.+(*(/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:& / d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% -)'.)'*0* [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:& 0 d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% -''()**.' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if ,+-* Xc eÂ&#x2019;d\if ,+-8:& ( d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% )''-'+-'' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if (*' Xc eÂ&#x2019;d\if (*' 8:& ) d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% )''-'+-'' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if ,' Xc eÂ&#x2019;d\if ,' 8:& * d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% )''-'+-'' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if ((- Xc eÂ&#x2019;d\if ((8:& + d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% /''-(+(.+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\

Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if ),, Xc eÂ&#x2019;d\if ),, 8:& , d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% /''-(+(.+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if ),* Xc eÂ&#x2019;d\if ),* 8:& - d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% +''-(''*' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if /* Xc eÂ&#x2019;d\if /* 8:& . d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% +''-(''*' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if .+ Xc eÂ&#x2019;d\if .+ 8:& / d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% +''-(''*' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if /* Xc eÂ&#x2019;d\if /* 8:& 0 d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% +''-(''*' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if ,0 Xc eÂ&#x2019;d\if ,0 8:& (' d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% +''-(''*' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if .+ Xc eÂ&#x2019;d\if .+ 8:& (( d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% -+'''..0+ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if ,0 Xc eÂ&#x2019;d\if ,0 8:& () d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% '0''')*/+) [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if /() Xc eÂ&#x2019;d\if /,' 8:& (* d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% '-('-'*(0( [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if 0-0 Xc eÂ&#x2019;d\if 0., 8:& (+ d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% '+''-('(/0 [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if ,' Xc eÂ&#x2019;d\if ,' 8:& (, d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% ',''-',.(- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if ('(( Xc eÂ&#x2019;d\if ('), 8:& (- d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% '*0'-',)-/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if 00 Xc eÂ&#x2019;d\if 00 8:& (. d^ 4444444 Gfi fi[\e [\c k`klcXi [\ cX Zl\e$ kX Zfii`\ek\ Ef% --''''0-'/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ Zfdle`ZX# hl\ j\ \jk} gifZ\[`\e$ [f X XelcXi \c cfj j`^l`\ek\j j ]fidlcXi`f j [\ Z_\hl\ j % ;\c eÂ&#x2019;d\if -(- Xc eÂ&#x2019;d\if -(0 8:& (/ d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% ),'-'+(-) [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ (..0 MXcfi1 *'+%/' =\Z_X [\ >`if1 (/%'*%)'((% 8 cX fi[\e [\1 8C GFIK8;FI 8:& (0 d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e

Ĺ? Ä&#x2021;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä

Ĺ? +. Ĺ? Ä&#x152;Ĺ? X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% )000.. [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ '*-. MXcfi1 (*)%,' =\Z_X [\ >`if1 )'$',$)'((% 8:& )' d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '.''-((/)' [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ ,-+ MXcfi1 )'-%*/ =\Z_X [\ >`if1 )0$@M$)'((% 8 cX fi[\e [\1 CL@J =8I@8J 8:& )( d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% ',,'-'((+' [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ .,,/ MXcfi1 )*0%*) 8 cX fi[\e [\1 <;@JFE CFG<Q 8:& )) d^ 4444444 Gfi _XY\ij\ G<I;@;8 j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% ',,'-',./) [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ */) MXcfi1 (+' =\Z_X [\ >`if1 ).$'/$)'((% 8 cX fi[\e [\1 B8KKP =I<@I< 8:& )* d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% 0''-'-0'. [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ ()* MXcfi1 ,.-%-/ =\Z_X [\ >`if1 '0 D8P$((% 8 cX fi[\e [\1 J8E;FP8 M<I8 8CC@JFE 8:& )+ d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% +)''''.+- [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ /.. MXcfi1 (.*%() =\Z_X [\ >`if1 '+$D8PF$)'((% 8 cX fi[\e [\1 I8D@IF DFEK<E<>IF 8:& ), d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '+-'.'-'0. [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ --.-,0 MXcfi1 *''' =\Z_X [\ >`if1 ),$,$)'((% 8 cX fi[\e [\1 C<FEFI 8DGL;@8 8:& )- d^ 4444444 Gfi _XY\ij\ JLJKI8@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% ('''-('..+ [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ /+, MXcfi1 ))*%,) =\Z_X [\ >`if1 0$D8PF$)'((% 8 cX fi[\e [\1 =I8EBC@E JK8C@E >L<II8 QLI@K8 8:& ). d^ 4444444 Gfi _XY\ij\ G<I;@;8 j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% +,'-'.''+ [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ )+(' MXcfi1 (''' =\Z_X [\ >`if1 )+$',$)'((% 8:& )/ d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% .'''-'/+0* [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ )))/ MXcfi1 )' =\Z_X [\ >`if1 )' D8PF )'((% 8 cX fi[\e [\1 D<I@EF <EI@HL<K8 8:& )0 d^ 4444444 Gfi _XY\ij\ JLJKI8@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\e$ kX Zfii`\ek\ Ef% ,''((0)0/ [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ ('/* MXcfi1 ()'%'' =\Z_X [\ >`if1 (,$',$)'((% 8 cX fi[\e [\1 G89CF 9FIA8 ;<C>8;F 8:& *' d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '+-''''*)/ [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ -(* MXcfi1 *'0%*- =\Z_X [\ >`if1 )($'+$)'((% 8 cX fi[\e [\1 :FE<:F 8:& *( d^ 4444444 Gfi _XY\ij\ G<I;@;8 j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '+-''''*)/ [\c 9XeZf @ek\ieXZ`feXc J%8% Ef%

Ä Ä

:_\hl\ -(-# -'0# -() MXcfi1 *0%'-& (*/0%(-& *)/%.) =\Z_X [\ >`if1 ))&'+&)'((# )(&'+&)'((# )(&'+&)'(( % 8 cX fi[\e [\1 :FEALEKF G8IHL< I<8C& =IF:K8CF>& 8>< J<>LIFJ 8:& *) d^ 4444444 Gfi _XY\ij\ <OKI8M@8;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% ,'''+'0(0 [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ (.0* MXcfi1 )0.%., 8:& ** d^ 4444444 Gfi _XY\ij\ <OKI8M@8;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% (/,'-'(')0 [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ (+-* MXcfi1 )'/%// 8:& *+ d^ 4444444 Gfi _XY\ij\ <OKI8M@8;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '/''-'+(0, [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ +-(. MXcfi1 +.%0, 8:& *, d^ 4444444 Gfi _XY\ij\ <OKI8M@8;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '+'''/(/,/ [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ (/'+ MXcfi1 ((,%.* 8:& *- d^ 4444444 Gfi _XY\ij\ G<I;@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\ekX Zfii`\ek\ Ef% '/''-'-*(. [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ ,+(* MXcfi1 -(.%.' =\Z_X [\ >`if1 (-&')&)'((% 8 cX fi[\e [\1 KL9FE CFG<Q 8E><C ?% 8:& *. d^ 4444444 Gfi _XY\ij\ JLJKI8@;F j\ mX e X XelcXi \c cfj j`^l`\ek\ j Z_\hl\ j # X ZXi^f [\ cX Zl\e$ kX Zfii`\ek\ Ef% /''(+)*,/ [\c 9XeZf @ek\ieXZ`feXc J%8% Ef% :_\hl\ ''')*- MXcfi1 )). =\Z_X [\ >`if1 ( ;< ALE@F )'((% 8 cX fi[\e [\1 ;I% :I@JK@8E 98IQLCCF 8:& */ d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *0'.+++') [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:&(('+) ( d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '*.'.(*-*, [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:&(('+) ) d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '.''.),,0' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:&(('+) * d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% *0'..*+0- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:&(('+) + d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% +''.+0--- [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:&(('+) , d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\

Ĺ? Ĺ?

Ĺ?


Ĺ? Ĺ?

Ĺ?

Ä Ä&#x201A;

Ĺ? Ä&#x2021;Ĺ? Ĺ? Ĺ? Ĺ?Ä&#x201A;Ä&#x20AC;Ä Ä

Ĺ? +. Ĺ? Ä&#x152;Ĺ?

8_fiifj [\ cX Zl\ekX Ef% 0.+.-. [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&(('+) - d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% '-)'.,+,*' [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gif$ Z\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcX$ df Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZX$ Z`Â?e [\ \jk\ Xm`jf% 8:&(('+) . d^ 4444444 Gfi _XY\ij\ g\i[`[f cX C`Yi\kX [\ 8_fiifj [\ cX Zl\ekX Ef% ))+'/*/ [\c 9XeZf @ek\ieXZ`feXc J%8%# j\ \jk} gifZ\[`\e[f X jl XelcXZ`Â?e% Hl`\e Zi\p\i\ k\e\i [\i\Z_f jfYi\ \jkX c`Yi\kX# [\Y\i} gi\j\ekXi jl i\ZcXdf Xc 9XeZf# [\ekif [\ cfj () [Â&#x2C6;Xj# ZfekX[fj [\j[\ cX Â&#x2019;ck`dX glYc`ZXZ`Â?e [\ \jk\ Xm`jf% 8:&(('+) / d^

BANCO PICHINCHA HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )*( mXcfi 0-#+' [\ cX :kX% :k\% Ef% *+.*-0)/'+ g\ik\e\Z`\ek\ X :L<EK8J <E G8IK@:@G8:@FE :<EKIF ;< I<?89 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& ( d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (0(/ Xc (0+' [\ cX :kX% :k\% Ef% *(-+.-(('+ g\ik\e\Z`\ek\ X :<M8CCFJ @EKI@8>F#;@>E8$ ;FCFI<J [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\$ i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& ) d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef *.' mXcfi )'#.0 [\ cX :kX% :k\% Ef% *+,)*+)('+ g\ik\e\Z`\ek\ X :<EK<EF G<I<Q#8C98$O@D<E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& * d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef +-( Xc ,)' [\ cX :kX% :k\% Ef% *).)//.('+ g\ik\e\Z`\ek\ X C8J:8EF M8I>8J# D8I:F$M@E@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& + d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (0'* mXcfi /'#0) [\ cX :kX% :k\% Ef% *+,,--),'+ g\ik\e\Z`\ek\ X IL<;8 :89I<I8 :@8%CK;8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& , d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ('.+, mXcfi -'#'' [\ cX :kX% :k\% Ef% *).),/'('+ g\ik\e\Z`\ek\ X =LE;8:@FE M@;8 EL<M8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& - d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef (0'/ Xc (0() [\ cX :kX% :k\% Ef% *)-.0/0''+ g\ik\e\Z`\ek\ X Q<8 :F<CCF# ;<E@JJ<$JK<G?8E@< [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& . d^ 444444 HL<;8 8ELC8;F

Gfi G<I;@;8 [\c :_\hl\ Ef )(+( Xc )++' [\ cX :kX% :k\% Ef% *'./+-.*'+ g\ik\e\Z`\ek\ X JF::<I JGFIK J%8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& / d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (/(, Xc (/++ [\ cX :kX% :k\% Ef% *'*-*.-,'+ g\ik\e\Z`\ek\ X <C@Q8C;< JFJ8# AL8E$:8ICFJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& 0 d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ./, mXcfi (%*)'#'' [\ cX :kX% :k\% Ef% *+)'(-/-'+ g\ik\e\Z`\ek\ X ;<GFIK@M8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\$ i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (/+, Xc (/-' [\ cX :kX% :k\% Ef% *'*-*.-,'+ g\ik\e\Z`\ek\ X <C@Q8C;< JFJ8# AL8E$:8ICFJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (( d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )/( [\ cX :kX% :k\% Ef% *+,)/0(*'+ g\ik\e\Z`\ek\ X :?8M<Q J<II8EF#AL8E$:8ICFJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& () d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ).+ [\ cX :kX% :k\% Ef% *+,)/0(*'+ g\ik\e\Z`\ek\ X :?8M<Q J<II8EF#AL8E$:8ICFJ [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (* d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef -,. [\ cX :kX% :k\% Ef% *'-,',0''+ g\ik\e\Z`\ek\ X Q8C;LD9@;< 8E;I@<LO# >C8;PJ$8L>LJK8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (+ d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (.0/ [\ cX :kX% :k\% Ef% *')/+-'0'+ g\ik\e\Z`\ek\ X DFEK<IF M@K<I@# G<;IF$G89CF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (, d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef )00. mXcfi *''#'' [\ cX :kX% :k\% Ef% *'(-*-),'+ g\ik\e\Z`\e$ k\ X I@M8;<E<@I8 8C8I:FE# >LJK8MF$8C=FEJF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (- d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef (0.. mXcfi (+%,,'#'' [\ cX :kX% :k\% Ef% *',''/'-'+ g\ik\e\$ Z`\ek\ X CFG<Q K8G@8# ;8IN@E$ ?LD9<IKF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\$ i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (. d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ))( Xc )/' [\ cX :kX% :k\% Ef% *+.0.'.0'+ g\ik\e\Z`\ek\ X >L<II<IF D8I:8P8K8#;FI@J$ A8E<K? [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\$ i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (/ d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef

Ĺ?

)/( Xc *+' [\ cX :kX% :k\% Ef% *+-0(''.'+ g\ik\e\Z`\ek\ X D8>>@ KI@M@EF# <;N@E$;8E@CF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& (0 d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )/+, mXcfi 0*#0. [\ cX :kX% :k\% Ef% **/++'()'+ g\ik\e\Z`\ek\ X K8CC<I<J 8LKF<E;<I<Q8I :@8% CK;8% [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\$ i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )' d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ('(*- mXcfi )*0#,) [\ cX :kX% :k\% Ef% *'))/.*+'+ g\ik\e\$ Z`\ek\ X LE@M<I :I@JK@8E8 C8K@EF8D<I@:8E8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )( d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef ))( Xc )/' [\ cX :kX% :k\% Ef% *+'*,,*/'+ g\ik\e\Z`\ek\ X ?@EFAFJ8 :FI;FM8# I@K8$ PFC8E;8 [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\$ i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )) d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef ()-) mXcfi ('.#00 [\ cX :kX% :k\% Ef% **-)/0*.'+ g\ik\e\Z`\ek\ X M@CC8C98 :FP8>F# <EI@HL<$ N@CD8E [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\$ i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )* d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef .)- mXcfi +''#'' [\ cX :kX% :k\% Ef% *+')//)('+ g\ik\e\Z`\ek\ X 9L@KIFE D<Q8# @M8E$D8I:<CF [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )+ d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef *') [\ cX :kX% :k\% Ef% *+,,+.)/'+ g\ik\e\Z`\ek\ X 8E>FJ CFG<Q#G8LC@E8$<C@Q89<K? [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& ), d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )-( Xc *-' [\ cX :kX% :k\% Ef% *+.'(.+-'+ g\ik\e\Z`\ek\ X D8PFI>8 <JKI<CC8#CL@J$ <;L8I;F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\$ i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )- d^ 444444 HL<;8 8ELC8;F Gfi G<I;@;8 [\c :_\hl\ Ef )*.' [\ cX :kX% :k\% Ef% **-)-.**'+ g\ik\e\Z`\ek\ X K8G@8 >FD<Q# A<EEP$<C@Q89<K? [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& ). d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef +,+ Xc +/* [\ cX :kX% :k\% Ef% *+*+(/,-'+ g\ik\e\Z`\ek\ X ?@;8C>F 8I>L<CCF# FD8I$ =89I@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\$ i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )/ d^ 444444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef +/+ Xc +0' [\ cX :kX% :k\% Ef% *+*+(/,-'+ g\ik\e\Z`\ek\ X ?@;8C>F 8I>L<CCF# FD8I$ =89I@:@F [\c 9XeZf G`Z_`eZ_X% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj -' [Â&#x2C6;Xj gfjk\$ i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& )0 d^

COOPROGRESO ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef +'+((')+/**0 p C`Yi\kX [\ 8gfikXZ`fe\j Ef% +'+(.'(0/+(' [\ cX :ffg\iXk`mX

IÂ&#x152;be [b ^ecXh[ gk[ dWZW [if[hW [i l[hZWZ[hWc[dj[ b_Xh[$ ;:M7H: OEKD=

[\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X :8@Q8 D8C;FE8;F D<I@ <DG<I8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&( d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '+'(+-,//( p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '+.')(0/*- [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X CCL>J8 KF8G8EK8 <;N@E G8KI@:@F j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&) d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '+'(,)((*( [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\$ e\Z`\ek\ X =8A8I;F IL@CFM8 :?I@JK@8E ><I8I;F j\ gifZ\$ [\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`$ Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&* d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '0'((+--*' p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '0.'''.0.+ [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X K<A8;8 8I8LAF B8I@E8 ;<C IFJ8I@F j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&+ d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef (''((*/+.' [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X G<I8CK8 N<8KK<P CLQ ;8C@8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e Zfef$ Z`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&, d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef ()''''**** [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X G8:?8:8D8 :8E>8?L8D@E CL@J >FEQ8CF j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&- d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef (*(''-('.) p C`Yi\kX [\ 8gfikXZ`fe\j Ef% (*.''*0*,) [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X @D98 :8:L8E>F >C8;PJ @E<C;8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&. d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '(('+**')+ p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '(.'(-.(.+ [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X @D98HL@E>8 FEK8E<;8 AL8E =I8E:@J:F j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&/ d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef *('(.*'.* p C`Yi\kX [\ 8gfikXZ`fe\j Ef% *.'('(.+' # [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X >FI;FE >FEQ8C<Q AFJ< I@>F9<IKF j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&( d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\

8_fiifj Ef '+('*-*'+0 p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '+.'(.+++) # [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X DFI8C<J >L8GLC<D8 =I8EBC@E ?<IE8E j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&) d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '-''''*.(- [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\$ e\Z`\ek\ X A8I8D@CCF G<I<Q D8I@8 =<IE8E;8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&* d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef ('(''-/,+. [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X G8I<;<J DFEK<IF =I8EBC@E JK8C@E j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&+ d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8gfikXZ`fe\j Ef% '+.')'-)+) # :kX% Gif^i\jXi Fif '+/''').(+ [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X M<C8JHL<Q J8D98:?< AL;@K? ;< CFJ 8E><C<J j\ gifZ\[\i} X Xel$ cXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&, d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef (*(''*.+,/ p C`Yi\kX [\ 8gfikXZ`fe\j Ef% (*.''*)+(( # [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X KLC:8E8Q8 ?@>L<I8 CL@J 8LI<C@8EF j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&- d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '/('(/,*(* [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X I8D@I<Q :?8M<Q 8C98 C@C@8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e Zfef$ Z`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&. d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef 0(''(-0(, p C`Yi\kX [\ 8gfikXZ`fe\j Ef% 0.''((+,. [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X DFEK<J@EFJ M8:8 G8KI@:@F C@9FI@F j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&(d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '/''''+,*+ [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X J8HL@E>8 >L8EFCL@J8 D8I@8 8E8CL@J8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&)d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '+'(,'.'-' p C`Yi\kX [\ 8gfikXZ`fe\j Ef% '+.''/')0' [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X L:?LG8EK8 JLC:8 D8I@8 ;< CFJ 8E><C<J j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\%

8:&&*d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '0'((+*0)' [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\$ Z`\ek\ X J8E:?<Q DFI8C<J 9C8E:8 =89@FC8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&+d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '+('*0*)(/ [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\e\Z`\ek\ X GFE:< G8K@zF ><I8I;8 IFQ8I@F j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&,d^ 44444 ;\Y`[f X cX gÂ&#x201E;i[`[X [\ cX C`Yi\kX [\ 8_fiifj Ef '+(')(,(-/ [\ cX :ffg\iXk`mX [\ 8_fiif p :iÂ&#x201E;[`kf :ffgif^i\jf C`d`kX[X# g\ik\$ e\Z`\ek\ X >L<II8 :8II<I8 =8EEP >I8:@<C8 j\ gifZ\[\i} X XelcXicX% GXik`ZlcXi hl\ j\ gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# gXiX hl\ hl`\e j\ Zi\X Zfe [\i\Z_fj jfYi\ \c d\eZ`feX[f [fZld\ekf cfj i\ZcXd\% 8:&&-d^

J\ Zfdle`ZX Xc gÂ&#x2019;Yc`Zf# cX 8elcXZ`Â?e gfi gÂ&#x201E;i[`[X &jlYjkiXZ$ Z`Â?e [\j[\ \c Z_\hl\ Ef% )+0 Zfe ]`idX p j`e mXcfi# gi\j\ekX[X gfi \c ^`iX[fi Ji% X `kX% A8E<KK G8QD@zF D8PFI>8 # ZkX% Zk\% Ef% ,'0,''(.() [\c 9XeZf 9fc`mXi`Xef% 8:& ) d^ 44444444 J\ Zfdle`ZX Xc gÂ&#x2019;Yc`Zf# cX Fgfj`Z`Â?e Xc gX^f gfi g\i[`[X [\c Z_\hl\ Ef% ++.) X ]Xmfi [\c GFIK8;FI :FC<>@F 8CD<D8E gi\j\ekX[X gfi J<IK<:G<K J%8% ZkX% Zk\ Ef%$ ,'','(,'** J\ gi\m`\e\ hl\ ZlXchl`\i i\ZcXdf [\Y\i} gi\j\ekXij\ \e \c gcXqf [\ -' [Â&#x2C6;Xj X gXik`i [\ cX ]\Z_X [\ \jk\ Xm`jf% 8:& * 444444 J\ Zfdle`ZX Xc gÂ&#x2019;Yc`Zf# cX Fgfj`Z`Â?e Xc gX^f gfi g\i[`[X [\c Z_\hl\ Ef% .,+ X ]Xmfi [\c GFIK8;FI D8I@F 98II@>FE ZkX% Zk\ Ef%$ ''*,'),'0- %J\ gi\m`\e\ hl\ ZlXchl`\i i\ZcXdf [\Y\i} gi\j\ekXij\ \e \c gcXqf [\ -' [Â&#x2C6;Xj X gXik`i [\ cX ]\Z_X [\ \jk\ Xm`jf% 8:& + 444444 J\ Zfdle`ZX Xc gÂ&#x2019;Yc`Zf# cX 8elcXZ`Â?e gfi gÂ&#x201E;i[`[X &jlYjkiXZZ`Â?e [\j[\ \c Z_\hl\ Ef% .-- ?XjkX \c .., j`e ]`idX p j`e mXcfi# gi\j\ekX[X gfi \c ^`iX[fi Ji% X `kX% =CFI D8I@E8 >8M@C8E<Q J8C8J # ZkX% Zk\% Ef% ,'','(..-, [\c 9XeZf 9fc`mXi`Xef% 8:& , d^

CITIBANK :@K@98EB# E%8% JlZlijXc <ZlX[fi Zfdle`ZX Xc gÂ&#x2019;Yc`Zf hl\ gfi GÂ&#x201E;i[`[X# hl\[X XelcX[f \c Z_\$ hl\ Zfe cXj j`^l`\ek\j ZXiXZk\$ iÂ&#x2C6;jk`ZXj1 >`iX[fi1 9D@ @>L8C8J D<;@:8J ;<C <:L8;FI J%8% 2 :l\ekX1 ''/(0*+')0 :_\hl\ Ef% *(+'(-) =\Z_X [\ \d`j`Â?e (/ D8PF )'(( :Xek`[X[ )*0%+, 9\e\]`Z`Xi`f1 D<E;FQ8 >I8EA8 J8E;I8 Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj j`^l`\ek\j j\j\ekX [Â&#x2C6;Xj gfjk\i`f$ i\j X \jkX glYc`ZXZ`Â?e% 8:& &( d^ 44444 :@K@98EB# E%8% JlZlijXc <ZlX[fi Zfdle`ZX Xc gÂ&#x2019;Yc`Zf hl\ gfi GÂ&#x201E;i[`[X# hl\[X XelcX[f \c Z_\$ hl\ Zfe cXj j`^l`\ek\j ZXiXZk\$ iÂ&#x2C6;jk`ZXj1 >`iX[fi1 9D@ @>L8C8J D<;@:8J ;<C <:L8;FI J%8% 2 :l\ekX1 ''/(0*+')0 :_\hl\ Ef% *(+'(-) =\Z_X [\ \d`j`Â?e )* ;< D8PF )'(( :Xek`[X[ ((*%.0 9\e\]`Z`Xi`f1 D<E;FQ8 >I8EA8 J8E;I8 Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj j`^l`\ek\j j\j\ekX [Â&#x2C6;Xj gfjk\i`f$ i\j X \jkX glYc`ZXZ`Â?e% 8:& &) d^ 44444 :@K@98EB# E%8% JlZlijXc <ZlX[fi Zfdle`ZX Xc gÂ&#x2019;Yc`Zf hl\ gfi GÂ&#x201E;i[`[X# hl\[X XelcX[f \c Z_\hl\ Zfe cXj j`^l`\ek\j ZXiXZk\iÂ&#x2C6;jk`ZXj1 >`iX[fi1 8@> D<KIFGFC@K8E8 :@8% ;< J<>LIFJ P I<8J<>LIFJ 2 :l\ekX1 ''/''),'-/ :_\hl\ Ef% ,)'(,* =\Z_X [\ \d`j`Â?e )* ;< D8IQF )'(( :Xek`[X[ ,-%,+ 9\e\]`Z`Xi`f1 K8EP8 P8;@I8 @z@HL<Q J@CM8 Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj j`^l`\ek\j j\j\ekX [Â&#x2C6;Xj gfjk\i`f$ i\j X \jkX glYc`ZXZ`Â?e% 8:& &*d^ 44444 :@K@98EB# E%8% JlZlijXc <ZlX[fi Zfdle`ZX Xc gÂ&#x2019;Yc`Zf hl\ gfi GÂ&#x201E;i[`[X# hl\[X XelcX[f \c Z_\hl\ Zfe cXj j`^l`\ek\j ZXiXZk\iÂ&#x2C6;jk`ZXj1 >`iX[fi1 8@> D<KIFGFC@K8E8 :@8% ;< J<>LIFJ P I<8J<>LIFJ 2 :l\ekX1 ''/''),'** :_\hl\ Ef% *')/.0( =\Z_X [\ \d`$ j`Â?e (+ ;< ;@:@<D9I< )'(' :Xek`[X[ -/0%)0 9\e\]`Z`Xi`f1 8LKF<OGI<JJ Hl`\e k\e^X [\i\$ Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj j`^l`\ek\j j\j\ekX [Â&#x2C6;Xj gfjk\i`f$ i\j X \jkX glYc`ZXZ`Â?e% 8:& &+ d^

BANCO PROMERICA J\ XelcX gfi gÂ&#x201E;i[`[X cX C`Yi\kX Ef *--((/ [\c 98E:F GIFD<I@:8# g\ik\e\Z`\ek\ X :8I@;8; GFE:< hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj () [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&&(d^ 44444444 J\ XelcX gfi gÂ&#x201E;i[`[X cX C`Yi\kX Ef ).''-+ [\c 98E:F GIFD<I@:8# g\ik\e\Z`\ek\ X CLE8 D8I@8 I<9<:8 hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&&)d^ 44444444 J\ XelcX gfi gÂ&#x201E;i[`[X \c Z_\hl\ Ef% ;<C (. 8C ), ;\ cX Zl\ekX Zfii`\ek\ Ef ('*)0*0'(( [\c 98E:F GIFD<I@:8# g\ik\e\$ Z`\ek\ X DFKF:?< 8E@98C hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&&* d^ 44444444 J\ XelcX gfi gÂ&#x201E;i[`[X \c Z_\hl\ Ef% ;<C * 8C / ;\ cX Zl\ekX Zfii`\e$ k\ Ef ('+++(0'(/ [\c 98E:F GIFD<I@:8# g\ik\e\Z`\ek\ X C8J:8EF 9<8KI@Q hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`$ dX glYc`ZXZ`Â?e% 8:&&+d^ 44444444 J\ XelcX gfi gÂ&#x201E;i[`[X cX C`Yi\kX Ef +*'+)/ [\c 98E:F GIFD<I@:8# g\ik\e\Z`\ek\ X >8I:@8 AF?8EE8 hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&((',)&d^ 44444444 J\ XelcX gfi gÂ&#x201E;i[`[X cX GÂ?c`qX [\ @em\ij`Â?e Ef *'-'(0/) [\c 98E:F GIFD<I@:8# g\ik\$ e\Z`\ek\ X I<@EFJF CF>IFzF >L@CF MXcfi *#'()%(0 =<% ('&',&)'(' && =M& ((&',&)'(( hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcX$ dXi [\ekif [\ cfj () [Â&#x2C6;Xj gfjk\i`f$ i\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:&((',,&d^ 44444444 J\ XelcX gfi gÂ&#x201E;i[`[X cX C`Yi\kX Ef *-.,-0 [\c 98E:F GIFD<I@:8# g\ik\e\Z`\ek\ X IL<;8 :<M8CCJF >89I@<C8 ;<C :@JE< hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`$ dX glYc`ZXZ`Â?e% 8:&((')-&d^

BANCO BOLIVARIANO J\ Zfdle`ZX Xc gÂ&#x2019;Yc`Zf# cX 8elcXZ`Â?e gfi gÂ&#x201E;i[`[X &jlYj$ kiXZZ`Â?e [\j[\ \c Z_\hl\ Ef% -./ ?XjkX \c .'' j`e ]`idX p j`e mXcfi# gi\j\ekX[X gfi \c ^`iX[fi Ji% X `kX% :8IFC@E8 D@zF # ZkX% Zk\% Ef% ,'),'',-(/ [\c 9XeZf 9fc`mXi`Xef% 8:& (d^ 44444444

BANCO RUMIĂ&#x2018;AHUI HL<;8 8ELC8;8 Gfi gÂ&#x201E;i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef%/)*,/0,('' Eif% (/)+)*)''') :XikfcX [\c 9XeZf Ild`Â&#x152;X_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX

glYc`ZXZ`Â?e% 8:& ( d^ 44444 HL<;8 8ELC8;8 Gfi gÂ&#x201E;i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef%/'+*..+('' Eif% (-/',,/'('* :XikfcX [\c 9XeZf Ild`Â&#x152;X_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& ) d^ 44444 HL<;8 8ELC8;8 Gfi gÂ&#x201E;i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef%/').,--''' Eif% (-/*,)''(-0 :XikfcX [\c 9XeZf Ild`Â&#x152;X_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& * d^ 44444 HL<;8 8ELC8;8 Gfi gÂ&#x201E;i[`[X [\ cX c`Yi\kX [\ X_fiifj Ef%/)*)-'*('' Eif% (/)(*)+'''. :XikfcX [\c 9XeZf Ild`Â&#x152;X_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj () [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& + d^ 44444 HL<;8 8ELC8;F Gfi IF9F [\c :_\hl\ Ef%(((/ MXcfi -+ [\ cX :kX Ef%/'(+../('+ g\ik\e\Z`\ek\ X FI<CC8E8# J8CFDFE$;<C@:@F [\c 9XeZf Ild`Â&#x152;X_l`% Hl`\e k\e^X [\i\Z_f [\Y\i} i\ZcXdXi [\ekif [\ cfj - [Â&#x2C6;Xj gfjk\i`fi\j X cX Â&#x2019;ck`dX glYc`ZXZ`Â?e% 8:& , d^ 444444 K`gf [\ [fZld\ekf1 K@KLCF ;< 8::@FE# Eld\if [\ [fZld\ekf1 (-%+,-# MXcfi1 j& ,0-%(.# EfdYi\ [\c Y\e\]`Z`Xi`f f X hl`\e g\ik\$ e\Z\ \c [fZld\ekf1 C8 =L<EK< :?8:FE AL;@K? D8I>8I@K8# Eld\if [\ Z\[lcX f IL: [\c gifg`\kXi`f [\c [fZld\ekf1 (.',*./+++# <ek`[X[ \d`jfiX 98E:F ><E<I8C ILD@z8?L@ J%8 8:&('0+*&d^

BANCO PROCREDIT 9XeZf GifZi\[`k J%8% gfe\ \e ZfefZ`d`\ekf [\c gÂ&#x2019;Yc`Zf# cX Xel$ cXZ`Â?e gfi gÂ&#x201E;i[`[X [\ cX c`Yi\kX [\ X_fiif Ef% *-'('((,0'',* [\c Ji% 98DFEK<J J8EKFJ AFJ< I8=8<C Zfe :%@% (.'(0).-*$) 8I&/*(-'&ZZ

BANCO PICHINCHA K@KLCF <OKI8M@8;F J\ Zfdle`ZX hl\ j\ _X \okiXm`X$ [f \c kÂ&#x2C6;klcf [\ XZZ`Â?e Ef% ,((+,# Ef% 8::@FE<J (%-.+# \d`k`[X \e jlZi\j# X ]Xmfi [\ JljXeX D`Â&#x152;f J\m`ccX% Cf hl\ gfe\dfj \e ZfefZ`d`\ekf gXiX cfj ]`e\j c\^Xc\j g\ik`e\ek\j% 8dYXkf# dXpf *( [\c )'((% !0//+/

B.N.F. J\ XelcX gfi g\i[`[X cX c`Yi\kX [\ X_fiifj ''('+*)')0 g\ik\e\$ Z`\ek\ X cX JiX% DXip <c`qXY\k_ Il`q 8lc\jk`X# Zfe :%@% (.((./-..$' [\c 9XeZf EXZ`feXc [\ =fd\ekf% 8%G%&+0*--&b%d%

8ELC8:@FE<J M8I@8J 8elcXZ`Â?e% Gfi gÂ&#x201E;i[`[X [\c kÂ&#x2C6;klcf [\ XZZ`Â?e Ef% **) gfi +' [\ >Xjg\kjX X efdYi\ [\ :XiiXeqX <jg`efqX ?l^f 8I&/*(-,&ZZ 444444 Gfi gÂ&#x201E;i[`[X j\ XelcXe cfj kÂ&#x2C6;klcfj [\ XZZ`fe\j Efj% ((/,( Xc ((/-' p ..,./ Xc ..-/- gfi + LJ8 ZX[X leX# [\ >Xjg\kjX X efdYi\ [\ :Xicfj <% A}Zfd\ :% 8I&/*(-.&ZZ 444444 J\ XelcX cX :l\ekX [\ 8_fiifj# g\ik\e\Z`\ek\ X >feqXcf 9\e`kf M\iX :\g\[X Ef% ;\ Zl\e$ kX ''('*.0+), [\c 9XeZf [\ =fd\ekf% 8:&.00-0&k]


Turn static files into dynamic content formats.

Create a flipbook
Edición impresa Revista Judicial del 6 de junio de 2011 by LA HORA Ecuador - Issuu