Travel and Hospitality (TnH) - November 2021

!""#$%&%'%()*#+$%,!!!%'%-)($+.$/%&0&1 /23450%'%67892%4:%

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

.GVŦU ƒPF VJG YC[Я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

2&+$0.$0-$)M1)/.)+$.(2.$=&+02$'0**$3)-/0&+$ 0.-$ 42&$ "&$ -/()+#*)+$ 0&.)3&2.0"&2*$ 6*05(.-;$ B"$ #1+2.)$ :"#3-)*6$ "&$ $ .()-)$ .32@)*$ .3)&+-$ 6*01$ ."$ "#3$ -."3:$ J=&+02&-C$ +)-03)$6"3$"#.4"#&+$.32@)*$'0.&)--0&5$2$ UKIPKƒECPV WRVKEMŦ QP RCIG =$ /"&/*#+)$ .(0-$ )+0."3C-$ &".)$ '0.($ .()$ 6"**"'0&5$ .("#5(.9$ )2/($ 0--#)$ "6$ "#3$ >252N0&)$0&$.()$12-.$:)23$2&+$2$(2*6$0-$ .)-.2>)&.$ ."$ .()$ 3)-0*0)&/)$ 2&+$ 0&&"@2.0"&$"6$.()$.32@)*$0&+#-.3:;$O"$')$ ("1)$:"#$23)$13"#+$"6$:"#3-)*6$2&+$:"#3$ 4#-0&)--$6"3$-#3@0@0&5$.()$)66)/.-$"6$.()$ 12&+)>0/;$ P"$ '30.)$ ."$ #-;$ <)$ '"#*+$ 2113)/02.)$ :"#3$/">>)&.-$2&+$6))+42/%;

!"#$%&'()*+*,-%./) O30-(.0$Q0&+2*

$%&'(&' !"#

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

4%(%)-'$/'.&5-"(%)-'+6$)(+' ˣˢ˦˧ʠˣ˔ˡ˗˘ˠ˜˖ ˔ˡ˗ ˘˫ˣ˘˖˧˔˧˜ˢˡ˦ /)$,'(2-'7$5-)",-"(

!)#

!*#

!"&*."+3'&-+*)-'/$)'$%(#$%"&' ˧˥˔˩˘˟ ˪˜˧ˡ˘˦˦˜ˡ˚ ˔ ˦˜˚ˡ˜Ё˖˔ˡ˧ ˨ˣ˧˜˖˞

8-.&*"1'.'10$#.0'2$+6*(.0*(9'#)."&' ˧˛˥ˢ˨˚˛ ˟ˢ˖˔˟˜˭˔˧˜ˢˡ

+"#

+,#

ˇ˛˘ ˙˨˧˨˥˘ ˢ˙ ˟˨˫˨˥ˬ ˛ˢ˦ˣ˜˧˔˟˜˧ˬ ˟˜˘˦ ˜ˡ ˦ˠ˔˟˟ ˘˫ˣ˘˥˜˘ˡ˧˜˔˟ ˛ˢ˧˘˟˦ʭ :.6*0';2$6).

ʴ ˖˔˦˘ ˙ˢ˥ ˔˟˟˘˩˜˔˧˜ˡ˚ ˧˛˘ ˛ˢ˦ˣ˜˧˔˟˜˧ˬ ˦˘˖˧ˢ˥Ϟ˦ ˪ˢ˘˦ ˧˛˥ˢ˨˚˛ ˪˔˜˩˘˥˦ ˔ˡ˗ ˥˔˧˜ˢˡ˔˟˜˦˔˧˜ˢˡ ˢ˙ ˥˘˦˧˥˜˖˧˜ˢˡ˦

**# @tnhmagazine

!!!"#$%&'()*'"+(, Printed, published and owned by Srishti Rai. Printed at Naveen Printers, F-11 B, Okhla Industrial Area, Ph-1, New Delhi-110020, Published at C-4, 2nd Floor, Community Center, Safdarjung Development Area, Opp Main IIT Gate, New Delhi-110016;

+-#

ˊˢ˥˟˗ ˇˢ˨˥˜˦ˠ ʷ˔ˬ ʥʣʥʤʭ ˇˢ˨˥˜˦ˠ ˥˘˖ˢ˩˘˥ˬ ˖˥˜˧˜˖˔˟ ˙ˢ˥ ˙ˢ˦˧˘˥˜ˡ˚ ˜ˡ˖˟˨˦˜˩˘ ˚˥ˢ˪˧˛

Publisher & Editor !"#$%&#'()# Director *%)")&'!+'()# Creative Head !%,-).%'/,0&) Managing Editor 1"23'4,3)" GM - Marketing 1"23'!)5)" 0"23$)5)"6&7%#78#)+ 9:3;<='>?@'??@AB'C@@@@

Visual Designer !#3")7'4%2")'D'!%#E)75' !#75% Correspondent (Kolkata) !F))&#'G%),8%,"H Accounts G%)782"'!%)I%2"'*)-:8# Administration Executive !)"F)&'J)%)7 For any query : #7K:6&7%#78#)+9:3

#+,-.+/)0-.1234)23) 350)0-)153.45)67051) 6)8-+9):260.3) #+/26)23)688)350)0-);58<-45) 7-1529+)0-.12303)67051)6)8-+9)96=)-7) >?)4-+0:3@)$:5)<-.+01A);288)30610) 916+02+9)0-.1230)B2363)71-4) >C)%<0-,51@

!"#

!!#

!"#$%"&'($%)*+,'*+'(-.',$+('*,/$)(0"('+.1,."('$2'(-.' ($%)*+,' +.3($)' *"' ,0"4' 3$%"()*.+' *"35%&*"1' !"&*06' !(' *+' 05+$'(-.'#*11.+('7*3(*,'$2'(-.'8$7*&9:;'/0"&.,*36'!"'!"9 &*0<'*"#$%"&'($%)*+,'-0+'#.."'+%+/."&.&'2$)'0#$%('(=$' 4.0)+' &%.' ($' (-.' /0"&.,*3<' #0&54' 022.3(*"1' (-.' $7.)055' ($%)*+,'*"'(-.'3$%"()46'!"'(-.'0#+."3.'$2'*"#$%"&'($%)9 *+,<' (-.' 3$%"()4>+' *"#$%"&' ($%)' $/.)0($)+' -07.' #.."'

203*"1'.?*+(."(*05'3)*+*+'+*"3.'(-.'$"+.('$2'(-.'/0"&.,*3<' ,0"4'0).'05).0&4'#0"@)%/(6'A%('"$='02(.)'(-*+'/)$5$"1.&' -*0(%+<'(-.).'*+'1."%*".'-$/.'2$)'*(+').7*705'*"'(-.'3$%"()46' !"&*0>+'B*"*+()4'$2'C$,.'D220*)+'EBCDF'*+'055'+.('($'#.1*"' 1)0"(*"1'2).+-'G$%)*+('H*+0+'($'2$).*1".)+'3$,*"1'($'!"9 &*0'=*(-'.22.3('2)$,'I3($#.)':J6' !('*+'=$)(-',."(*$"*"1'(-0('*"'$)&.)'($'3$"(0*"'(-.'+/).0&' $2' (-.' 8IH!K9:;' /0"&.,*3<' !"&*0' -0&' +%+/."&.&' 50+(' 4.0)'055'7*+0+'1)0"(.&'($'2$).*1".)+6'L0(.)'$"<'(-.'1$7.)"9 ,."('055$=.&'2$).*1".)+'($'070*5'0"4'@*"&'$2'!"&*0"'7*+0+' $(-.)'(-0"'($%)*+('7*+0+'2$)'."()4'0"&'+(04'*"'!"&*06'G-.'

3."()05'1$7.)",."('-0&'05+$'*,/$+.&'$(-.)').+()*3(*$"+' $"' *"(.)"0(*$"05' ()07.5' *"35%&*"1' +%+/."&*"1' +3-.&%5.&' *"(.)"0(*$"05+'25*1-(+'#.(=.."'!"&*0'0"&'$(-.)'3$%"()*.+6' G-.+.' ).+()*3(*$"+' 3$,/5.(.54' -05(.&' (-.' 3$%"()4>+' *"9 DQWPF VQWTKUO ETGCVKPI UGXGTG ƒPCPEKCN FKUVTGUU KP VJG VQWTKUO KPFWUVT[ Ǿ G-.' +%+/."+*$"' $2' ($%)*+(' 7*+0+' 05$"1' =*(-' (-.' #0"' $"' +3-.&%5.&' *"(.)"0(*$"05' 25*1-(+' -0+' #.."' (-.' ,0M$)' &.9 (.))."(' 2$)' !"&*0>+' *"#$%"&' ($%)*+,6' N$)' 0' 5$"1' (*,.<' +(0@.-$5&.)+' $2' (-.' *"&%+()4' -07.' #.."' ,0@*"1' )./).9 +."(0(*$"+'($'(-.'BCD'($'+(0)('*++%*"1'($%)*+('7*+0+'05+$' CPF CNNQY HQTGKIP VQWTKUVU VQ EQOG VQ +PFKC Ǿ (KPCNN[ CHVGT 3$"+%5(*"1',0M$)'+(0@.-$5&.)+'5*@.'(-.',*"*+()4'$2'-.05(-' O'20,*54'=.520).<'(-.',*"*+()4'$2'.?(.)"05'0220*)+<'(-.',*"9 *+()4' $2' 3*7*5' 07*0(*$"<' (-.' ,*"*+()4' $2' ($%)*+,' 0"&' +(0(.'

1$7.)",."(+<'0"&'@../*"1'*"',*"&'(-.'3%))."('8IH!K9:;' +*(%0(*$"<'(-.'BCD'-0+').50?.&'3%)#+'/503.&'$"'7*+0'0"&' &.3*&.&'($'#.1*"'1)0"(*"1'$2'2).+-'G$%)*+('H*+0+'2$)'2$)9 .*1".)+' 3$,*"1' ($' !"&*0' (-)$%1-' 3-0)(.).&' 25*1-(+' =*(-' .22.3(' 2)$,' I3($#.)' :J<' PQP:6' G-.' C$,.' B*"*+()4' =*55'

+(0)('*++%*"1'2).+-'($%)*+('7*+0+'($'2$).*1"'($%)*+(+'()079 .55*"1' ($' !"&*0' #4' 25*1-(+' $(-.)' (-0"' 3-0)(.).&' 0*)3)02(' =*(-' .22.3(' 2)$,' R$7.,#.)' :J6'G-.' BCD' -0+' 0++.)(.&' (-0('(-.'2$).*1"'($%)*+(+'7*+*(*"1'(-.'3$%"()4'0"&'30))*.)+' #)*"1*"1'(-.,'*"($'!"&*0'0"&'$(-.)'+(0@.-$5&.)+'0('50"&9 *"1'+(0(*$"+'=*55'-07.'($'0&-.).'($'055'8IH!K9:;'/)$($3$5+' CPF PQTOU PQVKƒGF D[ +PFKCŦ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ŦU VTCXGN VQWTKUO CPF JQURKVCNKV[ KPFWUVT[ Ǿ 0QY VJG VQWTKUO KPFWUVT[ JQRGUǾ VJCV IQXGTPOGPV YKNN +$$"'055$='(-.').+%,/(*$"'$2'(-.'+3-.&%5.&'*"(.)"0(*$"9 05' 25*1-(+' #.(=.."' !"&*0' 0"&' $(-.)' 3$%"()*.+' ($' 2%)(-.)' #$$+('*"#$%"&'($%)*+,6

12.

D.0.15)-7)6/B5+0.15) 3=-103)=-30E=6+/542<) 6+/)5F=5<0602-+3)71-4) 0:5)G-B51+45+0 H7051)684-30)0;-)A5613)-7)153012<02-+3)-1)+-)4-B545+0I -;2+9)0-)0:5)B2168)-.0,156JI)4-30)-7)0:5);-18/)=-=.8602-+)23) <60<:2+9)<6,2+)75B51@)$:5)4.+/6+20A)-7)8-<J/-;+)82B53)6+/) ˪ˢ˥˞ʠ˙˥ˢˠʠ˛ˢˠ˘ ˥˘˚˜ˠ˘˦ ˛˔˦ Ёˡ˔˟˟ˬ ˖˔˨˚˛˧ ˢˡ ˔ˡ˗ ˧˛˨˦ʟ 6)46K-120A)-7)0:5)=5-=85)23)8--J2+9)7-1;61/)0-)54,61J2+9)-+) 34688I)8-<68)016B583)63)0:5)153012<02-+3)=:635E-.0@) L-1/3)MA!!"#$%&'"()*&+,-".

+PETGCUKPI RQRWNCTKV[ QH CFXGPVWTG VQWTKUO!

6JG HWVWTG UEQRG QH CFXGPVWTG URQTVU

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

20+(.+(' 1)$=*"1' 0).0+' =*(-' !"&*0' .,.)1*"1' 0+' 0' 5.0&.)6'

G-.'"%,#.)'$2'/.$/5.'+..@*"1'0&7."(%).'*"($'(-.*)').19 WNCT VTKRU JCU KPETGCUGF UKIPKƒECPVN[ 6JWU CFXGPVWTG +/$)(+' 0"&' ($%)*+,' 0).' $"' (-.' )*+.6' V$,.' ).0+$"+' $2' (-*+')*+.<'0/0)('2)$,'(-.'0&7."(%).'$22.).&<'0).'0+'#.5$=`

G-.' ,0*"' 0(()03(*$"' $2' 0&7."(%).' ($%)*+,' *+' (-.' 0&9 7."(%)$%+' 0+/.3(' 0++$3*0(.&' =*(-' *(6' [+%0554<' 0&7."9 (%).' ($%)*+,' *"7$57.+' ()*/+' ($' /503.+' $22.)*"1' .?$(9 *3' 5$30(*$"+' 0"&' +$,.' 5$305' 0"&' .?35%+*7.' (4/.+' $2' 0&7."(%).' +/$)(+' +%3-' 0+' #%"1..' M%,/*"1<' )02(*"1<' 254*"1' 2$?' .(36' G-.+.' /503.+' 0"&' 03(*7*(*.+' (4/*30554' 0(9 ()03(' 4$%"1+(.)+' =-$' +..@' (-)*55' *"' (-.*)' 5*2.' #%(' "$=' =.' +..' 20,*5*.+' 05+$' 5.0"' ($=0)&+' .?/.)*."(*05' ()07.56

5WUVCKPCDNG 6QWTKUO 'G-*+'+.3($)'$2'($%)*+,'*"7$57.+'($%)9 *+,'(-0(',*"*,*a.+'*(+'*,/03('$"'(-.'."7*)$",."(6'!('*+'0' 1)$=*"1'()."&'*"'(-.'($%)*+('*"&%+()4'0+'/.$/5.'0).'#.3$,9 *"1'*"3).0+*"154'3$"3.)".&'=*(-'(-.'=.559#.*"1'$2'(-.'/50".(6' D33$)&*"1'($'(-.'PQPQ')./$)('#4'S$)5&'G)07.5'0"&'G$%)*+,' 8$%"3*5<'+%+(0*"0#*5*(4'*+'$".'$2'(-.'2$%)',0M$)'/*550)+'(-0('=*55' +-0/.'(-.'2%(%).'$2'()07.56'G-%+<'/$+(9/0"&.,*3<'+%+(0*"0#5.' ($%)*+,'*+'5*@.54'($').(0*"<'*2'"$('*"3).0+.<'*(+'0(()03(*$"6'V*"3.'

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

14.

!&#

)TQYKPI FGOCPF HQT PCVWTG CPF UQEKCN KPVGTCEVKQP G-.' /0"&.,*3'-0+'&./)*7.&'-%,0"'#.*"1+'$2'+/."&*"1'(*,.' *"'"0(%).'0"&'-07*"1'+$3*05'3$,/0"46'C%,0"'#.*"1+'0).' #.3$,*"1'*"3).0+*"154'2)%+()0(.&'=*(-'(-.'".='8$7*&9'3).9 0(.&'"$),056'!"'(-*+'+3."0)*$<'0&7."(%).'()07.5'0"&'+/$)(+' 30"'/)$7.'($'#.'$2'+$,.'-.5/6'A4'/)$7*&*"1'W%05*(4'0"&' 2%"'(*,.'*"'"0(%).'=*(-'$(-.)'1)$%/+'$2'/.$/5.<'0&7."(%).' +/$)(+'0).'(-.'/.)2.3(').+/*(.'($'(-*+'1)$=*"1'2)%+()0(*$"

'ZRGEVCVKQPU HTQO VJG )QXGTPOGPV 8$"()$55*"1' 0"&' +$57*"1' (-.' +/).0&' 0"&' 3$"+.W%."(' RTQDNGOU ECWUGF D[ VJG RCPFGOKE JCU FGƒPKVGN[ DGGP 0'($%1-'(0+@'2$)'(-.'\$7.)",."(6'C$=.7.)<'=*(-'(-*"1+' 1.((*"1' #.((.)<' (-.' \$7.)",."(' *+' +5$=54' #%(' 30).2%554' /-0+*"1'$%('3.)(0*"').+()*3(*$"+6 D+' ()07.5' $/."+' %/<' (-.' \$7.)",."(' *+' /04*"1' +/.3*05' 0((."(*$"' ($' 3%)#*"1' 0"4' +/).0&6' G-.' ".=' ()07.5' /)$($9 3$5' ).W%*).+' 055' *"3$,*"1' ($%)*+(+' ($' 30))4' 0' ".10(*7.'

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ƒPGU CTG DGKPI NGXKGF D[ VJG )QXGTPOGPV S.' 0).' *"&*7*&%0554' ).+/$"+*#5.' 2$)' $%)' +02.(4' 0"&' +.)9 7*3.+' 0"&' 3$,/0"*.+' (-0(' 0).' $/."*"1' %/' 0"&' *"7*(*"1' 3%+($,.)'*"(.)03(*$"'"..&'($'(0@.'(-.'%(,$+('30).'$2'(-.' &*+3*/5*".'0"&'+02.(4'*"'(-.*)'()0"+03(*$"+6

%QPENWUKQP

' D55'(-.'*"&%+()*.+'03)$++'(-.'=$)5&'-07.'%"&.)1$".'&)0+9 (*3'3-0"1.+'*"'(-.*)'/0((.)"+'($'033$,,$&0(.'(-.'8$7*&' /0"&.,*3'0"&'(-.'/).30%(*$"+'*('-0+'".3.++*(0(.&6'S-*5.' +(04*"1'-.05(-4'0"&'&*+.0+.92)..'*+'*,/$)(0"(<'*('&$.+'"$(' -07.'($'#.'0('(-.'3$+('$2'2%"'0"&'-0//*".++6'D+'(-.'/0"9 FGOKE KU ƒPCNN[ IGVVKPI WPFGT EQPVTQN CPF VJG TGUVTKEVKQPU 0).' #.*"1' .0+.&' $%(<' ()07.5' *+' 10*"*"1' *(+' ,$,."(%,' 03)$++'(-.'=$)5&'010*"6'S*(-'(*,.<'0&7."(%).'()07.5'0"&' (-.'0&7."(%).'+/$)(+'0).'5*@.54'($'+..'0'+%)1.6

!"#$ %&'(#&$ ')$ *+,+-',-$ .'&#/(0&$ +,.$ 102,.#&$ 01$ 32*4',$ 5#'-"() 6

16.

Rajeev Kale, President & Country Head – Holidays, MICE, Visa, Thomas Cook (India)

#+/26+3N)/53215) 7-1)-.0,-.+/)016B58) ˪˜˧ˡ˘˦˦˜ˡ˚ ˔ ˦˜˚ˡ˜Ё˖˔ˡ˧ .=02<J $:5)=1535+<5)-7)301-+9)=5+0E.=)016B58)/546+/)6+/)4502<.8-.3) 36750A)=1-0-<-8)=86<5/),A)/5302+602-+3)68-+9);20:)15-=5+2+9)-7) 46+A)<-.+01253)7-1)7.88A)B6<<2+605/)#+/26+)016B588513)615)29+20E 2+9)6)/53215)7-1)-.0,-.+/)016B58I)4-308A)7-1):-82/6A3@)) L-1/3)MA)/01.&2)."0

!"&*0"+' 0).' 4.0)"*"1' ($' ()07.5' 0#)$0&' 0+' +$$"' 0+' /$+9 +*#5.6' G-.).' *+' 0' +()$"1' /."(9%/' &.,0"&' #.30%+.' 2$)' ,$).' (-0"' :Z' ,$"(-+' !"&*0"+' -07.' "$(' #.."' 0#5.' ($' (0@.' 7030(*$"+' $%(+*&.' (-.' 3$%"()46'G-.4' &$' -07.' (-.*)' 3$"3.)"+' 2$)' (-.*)' -.05(-' 0"&' +02.(4b' -$=.7.)<' $"1$*"1' 7033*"0(*$"' &)*7.+' *"' (-.' 3$%"(4' 0"&' 0#)$0&' 1*7.' (-.,' VJG EQPƒFGPEG VQ VTCXGN ũ+P VJG HCEG QH UVTQPI RGPV WR ()07.5'&.,0"&<'05$"1'=*(-'/$+*(*7.'0""$%"3.,."(+'2)$,' +.7.)05'3$%"()*.+').9$/."*"1'(-.*)'#$)&.)+'($'2%554'7033*9 "0(.&'!"&*0"'()07.55.)+<'()07.5'&.+*).'2$)'$%(#$%"&'()07.5' JCU DGGP UGGKPI C UKIPKƒECPV WRVKEM Ū UCKF 4CLGGX -CNG _).+*&."('O'8$%"()4'C.0&'c'C$5*&04+<'B!8d<'H*+0<'G-$,9 CU %QQM +PFKC Ǿ ũ%WTTGPVN[ YG UGG C TKUG KP FGUKTG HQT 5.*+%).'()07.5'3$,/0).&'($'.,.)1."34'()07.5'*"'(-.'/0+(6' G-.).'*+'*,,.&*0(.'*,/03('=*(-'0"'%/(*3@'2$)'7030(*$"+<' -$5*&04+'0"&'HNX<U'-.'0&&.&6' D+' /.)' G-$,0+' 8$$@' 0"&' VIG8>+' G-*)&' C$5*&04' X.0&*9 PGUU 4GRQTV RWDNKUJGF KP ,WPG C UKIPKƒECPV $2').+/$"&."(+'*"&*30(.&'@.."'*"(.).+('($'()07.5'*"'PQP:' /$+(' .0+.' *"' ).+()*3(*$"+' 9' =*(-' :Z^' ).0&4' ($' ()07.5' *,9 ,.&*0(.54' /$+(' (-.' %"5$3@' 0"&' J:^' =*(-*"' e9Y' ,$"(-+6' fY^' $2' 3%+($,.)+' 0).' @.."' ($' ).+%,.' $7.)+.0+' ()07.56' TI%)' #$$@*"1+' *"&*30(.' *"(.).+(' 2)$,' B*55.""*05+' 0"&' 4$%"1'/)$2.++*$"05+'0"&'.W%0554'2)$,'20,*5*.+<'5$"1*"1' 2$)'0'7030(*$"'$7.)':Z',$"(-+'0"&'+/."&'+$,.'W%05*(4' HCOKN[ DQPFKPI VKOG Ū UCKF 4CLGGX -CNG QH TGURQP9

&."(+'*"'(-.'G-*)&'C$5*&04'X.0&*".++'X./$)('0).'=*55*"1' ($'*"3).0+.'+/."&+'($'."+%).'-*1-.)'5.7.5+'$2'-.05(-'0"&' +02.(4'*"'(-.*)'-$5*&046 d?/50*"*"1' ).0+$"+' #.-*"&' (-.'+()$"1.)' &.+*).' ($' ()07.5' CDTQCF HQT JQNKFC[U -CNG UC[U VJCV DGECWUG QH TG QRGP9 *"1'$2'#$)&.)+'0"&'(-.'203('(-0('+.7.)05'B!8d'3$)/$)0(.+' -07.'"$(').(%)".&'(-.*)'#%&1.(+'0).').+%5(*"1'*"'0'+%)1.' *"' *"(.).+(6' TS.' -07.' ).3.*7.&' +.7.)05' 1)$%/' W%.)*.+' *"' (-.' /*/.5*".' ($' &.+(*"0(*$"+' 5*@.' K%#0*<' D#%' K-0#*<' N)0"3.' 0"&' V=*(a.)50"&6' S*(-' +.0,5.++' (.3-"$5$1*.+' 5*@.' 3$"(03(5.++' !DGD' _0++g-.05(-' /0++/$)(' 0"&' ,.(*39 %5$%+' +02.(49+0"*(*a0(*$"' 1%*&.5*".+' 05$"1' =*(-' 1$7.)"9 ,."(' -.05(-' 0"&' +02.(4' /)$($3$5+<' !"&*0"+' 3%+($,.)+>' EQPƒFGPEG KP VTCXGN KU QP VJG TKUG (QT G I YKVJ VJG 7#' ).9$/."*"1' ($' 2%554' 7033*"0(.&' !"&*0"+<' =.' -07.' +.."'

3%+($,.)+' #$$@*"1' ,%5(*9&.+(*"0(*$"' ()*/+' ($' 5$"19-0%5' FGUVKPCVKQPU CNQPI YKVJ C UVC[ KP VJG 'OKTCVGU Ū UCKF -CNG Ǿ K.+(*"0(*$"+' 5*@.' B05&*7.+<' X%++*0' 0"&' G%)@.4<' =-*3-' ).$/.".&' .0)54<' -07.' #.."' -.0&*"1' G8!>+' 5.0&.)#$0)&6' #EEQTFKPI VQ -CNG EWTTGPVN[ JKIJ FGOCPF KU DGKPI =*(".++.&' 2$)' K%#0*' E.+/.3*0554' 2$)' (-.' %/3$,*"1' !_L' ,0(3-.+'0"&'dh_IF'0"&'D#%'K-0#*<'V=*(a.)50"&<'N)0"3.<' \.),0"4'0"&'".=.)'&.+(*"0(*$"+'5*@.'B$)$33$<'!3.50"&<' 0"&'8)$0(*06'

18.

Daniel D’Souza, President & Country Head, Leisure, SOTC Travel

19. !)# G-.'%/3$,*"1'2.+(*7.'+.0+$"'*+'05+$').+%5(*"1'*"'0"' GPEQWTCIKPI ƒNNKR VQ NGKUWTG VTCXGN -CNG UCKF VJCV URGEKCN 2.+(*705'($%)+'9'#.*"1'$22.).&'#4'-*+'$)10"*a0(*$"'9'=-*3-' *+'033$,/0"*.&'#4'0"'.?/.)*."3.&'($%)',0"01.)<'2.+(*7.' ,.05+'0"&'3.5.#)0(*$"+'-07.'10)".).&'0'+()$"1'*"(.).+(' 2$)'20,*54'#$"&*"1'7030(*$"+6' Ǿ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Ū UCKF -CNG D33$)&*"1'($'K0"*.5'K>+$%a0<'_).+*&."('O'8$%"()4'C.0&<' L.*+%).<' VIG8' G)07.5<' (-.).' *+' 0' 7.)4' +()$"1' ()07.5' &.9 +*).' 0,$"1' !"&*0"' 3%+($,.)+' ($' -$5*&04' *"' (-.*)' 207$%9 )*(.' &.+(*"0(*$"+' 2)$,' N)0"3.' ($' V=*(a.)50"&' ($' D%+()*0' ($'(-.'B05&*7.+<'.(36'TG-.').9$/."*"1'$2'K%#0*'0"&'D#%' K-0#*'($'2%554'7033*"0(.&'!"&*0"'()07.55.)+'3$%5&'"$('-07.'

3$,.'0('0'#.((.)'(*,.'0"&'=.'+..'0'1)$=*"1'*"(.).+('2$)' VJG WREQOKPI 'ZRQ &WDCK CPF +2. Ū UCKF &ŦUQW\C Ǿ 8%+($,.)+' 0).' 05+$' @.."' ($' .?/5$).' $229#.0(' &.+(*"09 (*$"+' 5*@.' 8)$0(*0<' X%++*0<' 0"&' /).2.)' .35.3(*3' 03(*7*(*.+' 0"&' /.)+$"05*+.&' /)*70(.' ($%)+6' TI%)' #$$@*"1+' 2$)' !"9 (.)"0(*$"05' ()07.5' 0).' +%//$)(*7.' $2' (-.' &.,0"&' 2$)' 0"' $7.)+.0+'7030(*$"'*"'if'$2'PQP:'0"&'=.'-07.'05+$'#.."' =*(".++*"1'W%.)*.+'2$)'(-.'R.='j.0)'PQPP<U'+0*&'K>+$%a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Ū UCKF &ŦUQW\C Ǿ G-.' 3$"(*"%.&' +%+/."+*$"' $2' +3-.&%5.&' *"(.)"0(*$"05' 25*1-(+' *+' %"&$%#(.&54' 022.3(*"1' /.$/5.>+' #.-07*$%)+6' G-.).'*+'0'+-*2('*"'#$$@*"1'()."&+'9'3%+($,.)+'0).'"$=' /50""*"1'(-.*)'()07.5'=.55'*"'0&70"3.'&%.'($'5*,*(.&'25*1-(+' 0"&' +.0(+6' B$).$7.)<' T70)4*"1' ()07.5g-.05(-' /)$($3$5+' $2' 3$%"()*.+' 0).' 05+$' *"25%."3*"1' 3%+($,.)' 3-$*3.+b' PQ SWCTCPVKPG TGSWKTGOGPVU JCXG FGƒPKVGN[ IGPGTCVGF HWTVJGT KPVGTGUV Ū UCKF -CNG YJQ KU JQRGHWN VQ UGG TG9 +%,/(*$"+'$2'3$,,.)3*05'07*0(*$"'($'0"&'2)$,'!"&*0'#4' i%0)(.)'2$%)(-'$2'(-*+'305."&0)'4.0)'PQP:6'

S-*5.'4.0)"*"1'2$)'()07.5'*+'+()$"1<',$+('/.$/5.').,0*"' 3$"3.)".&' 0#$%(' (-.*)' -.05(-' 0"&' +02.(4<' *"&*30(.&' (-.'

50(.+(' C$5*&04+' X.0&*".++' X./$)(6' T]Q^' ).+/$"&."(+' *"' $%)' (-*)&' G-$,0+' 8$$@' O' VIG8' C$5*&04+' X.0&*".++' X./$)('3$"7.4.&'(-0('-.05(-'0"&'+02.(4').,0*"'(-.*)'@.4' 3$"3.)"6' G$' 0&&).++' (-*+' 3$"3.)"' G-$,0+' 8$$@' !"&*0' 0"&'VIG8'-0+'50%"3-.&'0'G)07V-*.5&<'0'+02.(4'3$,,*(9 OGPV VJCV GPUWTGU RGTUQPCN ƒPCPEKCN CPF OGPVCN UCHGV[ E*"35%&*"1'()07.55*"1'=*(-'7033*"0(.&'3$9()07.55.)+<'-$(.5' +(022<'&)*7.)+b'25.?*#5.'&0(.'3-0"1.g30"3.550(*$"'/$5*3*.+' 0"&'055'/)$&%3(+'*"9#%*5('=*(-'8IH!K9:;'*"+%)0"3.F'=-*5.' ()07.55*"1'*"'(-.'8IH!K'.)06 Ǿ

O56/2+9)6)98-68) :-3=206820A),16+/) 0:1-.9:)8-<682P602-+ L-1/3)MA&/01.&2)."0

B0))*$(<'$".'$2'(-.'=$)5&>+'5.0&*"1'-$(.5'#)0"&+<'-0+'0&9 $/(.&'5$305*a0(*$"'0+'*(+'@.4'$/.)0(*"1'+()0(.14'($',..(' (-.' 3-055."1.+' $2' (-.' /$+(9/0"&.,*3' =$)5&6' B$).$7.)<' &%)*"1' (-.' 3)*+*+<' (-.' 3$,/0"4' /%(' *(+' ,*1-(' #.-*"&' *(+' /.$/5.<' 5.07*"1' "$' +($".' %"(%)".&' 2$)' (-.*)' +02.(4' 0"&' =.55#.*"16'G"C'+/$@.'($'\0%)07'V*"1-<'B0)@.('H*3.'_).+9 *&."(<'V$%(-'d0+('!"&*0<'A0"150&.+-'O'V)*'L0"@0'2$)'B0)9 )*$(('!"(.)"0(*$"05'($'@"$='=-0('-0+'#.."'(-.'*,/03('$2' (-.'_0"&.,*3'$"'(-.'$/.)0(*$"+'$2'B0))*$(('*"'!"&*0'0"&' -$='(-.'3$,/0"4'3$/.&'=*(-'(-.'3)*+*+ 6' k%+('5*@.'0"4'-$(.5'#)0"&'*"'!"&*0<'(-.'/0"&.,*3'-0+'-0&' 0'W%*(.'-.074'*,/03('$"'(-.'#%+*".++'$2'B0))*$(('*"'!"9 &*06'TD+'20)'0+'(-.'*,/03('$2'(-.'/0"&.,*3'*+'3$"3.)".&<' &*22.)."(').1*$"+'#.-07.&'&*22.)."(546'D+'!"&*0'*+'0'50)1.'

3$%"()4<'=.'"$(*3.&'(-0('.7.)4').1*$"'#.-07.&'&*22.)."(9 54' &%)*"1' (-.' /0"&.,*36'G-.' *,/03(' 70)*.&' 2)$,' ).1*$"' ($' ).1*$"6' K*22.)."(' +(0(.+' =*(".++.&' (-.' /.0@' $2' (-.'

8$7*&9:;' 0(' &*22.)."(' (*,.+b' (-.' (*,*"1+' $2' (-.*)' 5$3@9 &$="+' =.).' 05+$' &*22.)."(6' K./."&*"1' %/$"' (-.' 1)07*(4' $2'(-.'/0"&.,*3<'+$,.'+(0(.+'-07.',$).'+()*"1."('5$3@9 &$="+'(-0"'$(-.)+<U'+0*&'\0%)07'V*"1-6' !(' =0+' $#+.)7.&' (-0(' =-."' +$,.' +(0(.+' +(0)(.&' ($' ).9 3$7.)'2)$,'(-.'/0"&.,*3<'$(-.)+'#.10"'($'+%22.)6'Td7."'

VQFC[ -GTCNC KU RTGVV[ OWEJ KP C XGT[ VQWIJ UKVWCVKQP =*(-'(-.'+(0(.')./$)(*"1'0'7.)4'-*1-'"%,#.)'$2'8$7*&9:;' 30+.+<' =-.).0+' ,$+(' $2' (-.' $(-.)' +(0(.+' -07.' 05).0&4' ).$/.".&'$)'0).'$"'(-.'=04'$2').$/."*"16'N$)'.?0,/5.<' TGUVCWTCPVU CTG QRGP VKNN 2/ KP -QNMCVC KP -CTPCVCMC (-.4'0).'055$=.&'($'$/."'(*55';'/,<'=-.).0+'*"'G.50"10"0<' VJG[ CTG HWNN VKOG QRGP Ū 5KPIJ GZRNCKPGF Ǿ G-*+'&*22.)."3.'*"'(-.'*,/03('0"&'(*,*"1'$2'(-.'/0"&.,9 *3'03)$++').1*$"+'/)$,/(.&'B0))*$(('($'5$$@'=*(-*"'*(+.52' CPF ƒPG VWPG KVU UVTCVGIKGU VQ OGGV CU[OOGVTKE EJCN9 5."1.+6' V*"1-' &.+3)*#.&' (-*+' ).1*$"05' 70)*0(*$"' 0+' $".' $2'(-.'#*11.+('3-055."1.+'2$)'(-.'#)0"&'*"'!"&*06'TD+'(-.' &.,0"&+'0"&'+*(%0(*$"+'&*22.).&'2)$,',0)@.('($',0)@.(<' =.').05*a.&'(-0('=.'3$%5&'"$('-07.'$".'+()0(.14'2$)'(-.' ."(*).',0)@.(6'G-.).2$).<'=.'&.7*+.&'&*22.)."('+()0(.1*.+'

2$)'&*22.)."(').1*$"+'*"'!"&*0'0"&'(-.'".*1-#$%)*"1',0)9 @.(+<'0"&'5$305*a0(*$"'#.30,.'0'@.4'0+/.3('$2'$%)'$/.)09 (*$"+<U'*"2$),.&'V*"1-6' d50#$)0(*"1' 2%)(-.)' %/$"' (-.' 3$"3./(' $2' 5$305*a0(*$"<' V*"1-'+0*&'=-."'=.'+/.0@'0#$%('5$305*a0(*$"+'*('-0//."+' *"' ,%5(*/5.' =04+6' TD' 30+.' *"' /$*"(' *+' (-0(' "$=' =.' -07.'

NQECN OCTMGV QHƒEGU HQT FKHHGTGPV TGIKQPU (QT GZCORNG + UKV KP QWT $GPICNWTW QHƒEG NQQMKPI CHVGT QWT UQWVJ CPF .0+(.)"').1*$"+6'A.*"1'35$+.)'($'$%)',0)@.(+'(-)$%1-'$%)' NQECN QHƒEGU JGNRU WU NQQM CHVGT QWT JQVGNU CPF VJGKT KU9 +%.+'*"'0'20+(.)'=04<'0('0'(*,.'=-."'()07.5'*+').+()*3(.&<' 25*1-(+' 0).' 5*,*(.&<' 0"&' *(' *+' "$(' 0&7*+0#5.' ($' ()07.5' .?9 (."+*7.546' A.30%+.' =.' 0).' 35$+.)' ($' (-.' ,0)@.(<' =.' 0).'

0#5.' ($' &./5$4' ).+$%)3.+' W%*3@54' ($' +%//$)(' $%)' -$(.5+6' +H YG YGTG QRGTCVKPI HTQO QWT QHƒ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

KP VJG VKOG YG CTG KP Ū Ǿ I#7*$%+54<'*"'*(+'*,/03('$"'+$3*.(4<'(-.'+.3$"&'=07.'$2' (-.'/0"&.,*3'=0+',$).'2.)$3*$%+'(-0"'(-.'/).7*$%+'$".'

(-0('+-$$@'$%('-.05(-'*"2)0+()%3(%).'0"&'.?/$+.&'*(+'*"9 0&.W%034'&%)*"1'0'-.05(-'3)*+*+6'TG-.'-%,0"*(0)*0"'*,9 /03('$2'(-.'+.3$"&'=07.'-0+'#.."'-%,$"1$%+b'=-.(-.)' *('*+'$"'$%)'0++$3*0(.+'=-$'=$)@'=*(-'%+<'$)'$"'$%)').1%9 50)'1%.+(+'0"&'(-.*)'20,*5*.+<'(-.4'055'-07.'7.)4'3-055."19 *"1'(*,.'&%)*"1'(-.'+.3$"&'=07.<U').,0)@.&'V*"1-6' K%)*"1'(-.'/0"&.,*3<'5*@.'0"4'$(-.)'-$(.5'#)0"&'*"'!"&*0<' B0))*$(('-0&'($'+305.'&$="'*(+'$/.)0(*$"+<'$/.)0(*"1'*"'0' 7.)4'5*,*(.&'=04'&%.'($').+()*3(*$"+'."2$)3.&'#4'0%(-$)9 *(*.+6' TS.' -0&' ($' $/.)0(.' *"' 0' 5*,*(.&' =04<' =*(-' 5*,*(.&' +.)7*3.+<'5*,*(.&'$22.)*"1+<'0"&').&%3.&',0)1*"+6

$!# 21.

Daniel D’Souza, President & Country Head, 2"/3"%&4+*561&&=+&A#($@'/#$6&#)'.#,(<$E02("$ Leisure, SOTC Travel ?+)($>,.'+<$H+,-;+.#)"$7$E&'$D+,A+$10&$=+&&'0(($ >,(#&,+('0,+;

22.

$*# G-.'-$%)+'$2'$/.)0(*$"+'=.).'5*,*(.&<U'+0*&'V*"1-<'0&&9 *"1'(-0('(-.'(*,.'=0+'.?().,.54'3-055."1*"1'2$)'(-.'3$,9 /0"4<' /0)(*3%50)54' 2$)' *(+' 0++$3*0(.+6' G-.4' ).0554' -0&' ($' +()%115.'(-)$%1-'(-.'3)*+*+b'-$=.7.)<'(-.4'+-$=.&'.?.,9 /50)4').+*5*."3.'0"&'3$%)01.6'T!('-0+'#.."').0554'-.0)(."9 *"1'($'+..'(-.'@*"&'$2').+*5*."3.'(-.4'+-$=.&'($'&)*7.'$%)' #%+*".++'0"&').7*7.'$%)'+.)7*3.+6'G-.4'+=*2(54'0&0/(.&' ($'3-0"1.+<'0"&'3$"(*"%.'($'.?-*#*('=0),(-'0"&'-$+/*(059 *(4'(-0('*+'.++."(*05'0('#)0"&+'+%3-'0+'$%)+<U'+(0(.&'V*"1-6 ' _$+('(-.'+.3$"&'=07.'$2'(-.'/0"&.,*3<'B0))*$('-0+'-0&' 7.)4'-.3(*3'(*,.+'*"'!"&*0'&%)*"1'(-.').$/."*"1'/)$3.++' &%.' ($' -.*1-(.".&' +02.(4' 0"&' +.3%)*(4' 3$"3.)"+6' TG-.'

50+('3$%/5.'$2',$"(-+'=.).'0'7.)4'#%+4'/.)*$&'2$)'%+<'"$(' #.30%+.'=.'-0&',$).'1%.+(+'+(04*"1'=*(-'%+'c'*('*+'$#9 7*$%+'(-0('$%)'#%+*".++'=0+'5*,*(.&'c'=.'=.).'#%+4'#.9 30%+.'$2'055'(-.'3-0"1.+'(-0('=.'=.).',0@*"1'($').,0*"' ).5.70"(<'($'0&$/('".='(.3-"$5$14<'($'*"(."+*24'$%)'3$,9 ,*(,."('($'35.0"".++'/)$($3$5'0"&'-41*.".'0"&'+0"*(*a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Ǿ ũ9G JCXG RWV QWT OKIJV DGJKPF QWT /.$/5.b'=.'=$)@.&'($=0)&+')0*+*"1'(-.*)'0=0).".++'0"&' ()0*"*"1'5.7.5+6'S.'."+%).&'(-0('=.'7033*"0(.'.03-'$2'$%)' 0++$3*0(.+'0"&'(-.*)'20,*54',.,#.)+6'S.'+(0)(.&'7033*9 "0(*"1'$%)'0++$3*0(.+'W%*(.'.0)546'["(*5'"$='=.'-07.'2%554' 7033*"0(.&';J^'$2'$%)'0++$3*0(.+'*"'!"&*0<'V)*'L0"@0'0"&' A0"150&.+-6'G-.').,0*"*"1'0#$%('J^'30""$('-07.'#.."'

2%554' %"7033*"0(.&' +$' 20)' #.30%+.' $2' (-.' ).W%*).&' 10/' #.(=.."'(-.'(=$'&$+.+'$2'7033*".+6'V$,.'$2'$%)'0++$3*9 0(.+'3$%5&'"$('-07.'#.."'7033*"0(.&'+$'20)'#.30%+.'(-.4' -0&'#.."'*"2.3(.&'=*(-'(-.'8$7*&9:;<'=-*3-',0&.'(-.,' WPƒV HQT XCEEKPCVKQP HQT UQOG VKOG ǾǾ B$).$7.)<' &%)*"1' 0"&' 02(.)' (-.' +.3$"&' =07.<' B0))*$((' -.5/.&' (-.*)' 0++$3*0(.+' *"' $(-.)' =04+' 0+' =.556' TK%)*"1' (-.' +.3$"&' =07.<' +$,.' =.).' +()%115*"1' 2$)' *"+%)0"3.'

350*,+b' ,0"4' $(-.)+' =.).' +()%115*"1' ($' 1.(' -$+/*(05' #.&+<' +$,.' =.).' &.+/.)0(.' 2$)' ,.&*305' +%//$)(' +%3-' 0+'1.((*"1'0&,*++*$"'*"'!8[<'$?41."'#.&+<'0,#%50"3.+<' .(36'V*"1-'*"2$),.&'(-0('*"'$)&.)'($'-.5/'(-$+.'+()%115*"1' 0++$3*0(.+'0"&'(-.*)'20,*5*.+<'B0))*$(('3).0(.&'0"'*"(.)9 "05' =$)@*"1' 1)$%/6' TS.' .+(0#5*+-.&' 5$305' 3."().+' *"' 055'

EKVKGU UWEJ CU *[FGTCDCF -QNMCVC %JGPPCK $CPICNQTG 8$3-*"<'0"&'+$'$"'($'+%//$)(+'$%)'0++$3*0(.+'0"&'(-.*)' 20,*5*.+'=-$'=.).'&.+/.)0(.'2$)',.&*305'0"&'$(-.)'-.5/6' S.'-07.'#.."'%+*"1'055'$%)').+$%)3.+'($'+%//$)('$%)'0+9 UQEKCVGU FWTKPI VJGKT FKHƒEWNV VKOGU Ū UCKF 5KPIJ ũ+V JCU #.."'-.0)(."*"1'($'+..'+%3-'+%33.++'.22$)(+'#4'$%)'(.0,' ,.,#.)+'2$)'$%)'/.$/5.6'D55'.22$)(+'=.).'/%('#4'$%)'/.$9 /5.'($'-.5/'.03-'$(-.)6'G-0(').25.3(+'(-.'+()."1(-'$2'$%)' =$)@'3%5(%).'0"&'705%.+<U'3$"35%&.&'V*"1-6

Kapil Chopra, Chief Executive Officer of The Postcard Hotel

24.

$:5)7.0.15)-7)8.F.1A) :-3=206820A)8253)2+)34688) 5F=5125+0268):-0583Q R6=28)S:-=16 (2+<5)203)2+<5=02-+I)$:5)T-30<61/)U-058):63)68;6A3):6/)0:5)B2E 32-+)0:60)0:5)7.0.15)-7)8.F.1A):-3=206820A)8253)2+)34688)5F=5125+0268) ˛ˢ˧˘˟˦ʟ ˦˔ˬ˦ ʾ˔ˣ˜˟ ʶ˛ˢˣ˥˔ʟ ʶ˛˜˘˙ ʸ˫˘˖˨˧˜˩˘ ˂˙Ё˖˘˥ ˢ˙ ˇ˛˘ ˃ˢ˦˧E <61/)U-058@)(.<:):-0583)615)2+<15632+98A),5<-42+9)6)=1575115/) <:-2<5)-7)=5-=85@)H<<-1/2+9)0-)S:-=16I)0:5)=6+/542<):63)6<E <5851605/)0:5)6/-=02-+)-7)0:23)B232-+@)#+)6+)5F<8.32B5)2+051B25;) 0-)$+UI)S:-=16I)0:5)7-.+/51)-7)$:5)T-30<61/)U-058I)3=-J5)-7)0:5) 24=6<0)-7)0:5)=6+/542<)-+):-058),.32+533I)6+/)0:5)=6<5)-7)0:5) 15<-B51AI),532/53)0:5)91-;0:)-7)T-30<61/)U-058@))) L-1/3)MA)/01.&2)."0

3 #EEQTFKPI VQ [QW JQY FCOCIKPI JCU VJG RCP FGOKE DGGP HQT VJG JQVGN KPFWUVT[! *QY FKF KV KO RCEV [QWT JQVGN DWUKPGUU KP CDQWV QPG CPF C JCNH [GCTU! S-."'(-.'/0"&.,*3'-*(<'(-.).'=0+'0"'.7*&."('+-*2('*"'(-.' $%(5$$@' ($=0)&+' ()07.5' &%.' ($' (-.' 5$3@&$="6' C$=.7.)<' CHVGT VJG ƒTUV HGY OQPVJU QH NQEMFQYP CPF YKVJ VJG DCP $"'*"(.)"0(*$"05'()07.5<'/.$/5.'+(0)(.&'5$$@*"1'*"=0)&+'0(' &$,.+(*3'()07.5'$/(*$"+'0"&'+$%1-('-$(.5+'(-0('=.).'*"(*9 ,0(.'0"&'4.('5%?%)*$%+6'V*"3.'(-.'*"3./(*$"'$2'G-.'_$+(9 30)&' C$(.5<' =.' 05=04+' -07.' -0&' (-.' 7*+*$"' (-0(' (-.' 2%9 (%).'$2'5%?%)4'-$+/*(05*(4'5*.+'*"'+,055'.?/.)*."(*05'-$(.5+6' S*(-'+%3-'-$(.5+'#.*"1'(-.'/).2.)).&'3-$*3.'2$)'/.$/5.'

5$$@*"1'($'1.('0=04<'(-.'/0"&.,*3'03(%0554'033.5.)0(.&' (-.' 0&$/(*$"' $2' $%)' 7*+*$"6' B$+(' -$(.5' 3$,/0"*.+' 0).' "$='.?/5$)*"1'$%)'+.1,."('$2'*"(*,0(.'5%?%)46

3 *QY FKF [QW PCXKICVG VJG ETKUKU! 9JCV YGTG VJG MG[ EJCNNGPIGU! $CTTKPI VJG ƒTUV HGY OQPVJU QH VJG ENQUWTG FWG VQ VJG 5$3@&$="<' =.' 03(%0554' +0=' ).,0)@0#5.' 1)$=(-' *"' $%)' #%+*".++6'S-."'G-.'_$+(30)&'=0+'*"*(*0554'50%"3-.&<'=.'

YGTG EQPƒFGPV CDQWV C EJCPIG KP EQPUWOGT DGJCXKQWT (-0('*('=$%5&',$7.'($=0)&+'+,055.)'-$(.5+6'8$7*&'03(%059 54'033.5.)0(.&'(-0('()."&6'S-.).0+'(-.').7."%.+'$2',$+(' -$(.5' 3$,/0"*.+' 15$#0554' &)$//.&' #4' $7.)' ]Q^' *"' (-.'

8$7*&'4.0)'0+'3$,/0).&'($'(-.'/).98$7*&'4.0)<'G-.'_$+(9 30)&' C$(.5' #.30,.' $".' $2' (-.' 2.=' 3$,/0"*.+' =-$+.' ).7."%.' 1).=' #4' J:^' *"' (-.' /0"&.,*3' 4.0)' &.+/*(.' f' ,$"(-+'$2'%"/).3.&."(.&'35$+%).6'I%)'-$(.5+'=.).'20*)54' 2%55'2)$,'(-.'(*,.'=.').9$/.".&'(*55'(-.'+.3$"&'=07.'-*(6' G-.'7*+*$"'$2'$%)'#)0"&'03(%0554'3$"()*#%(.&'($'$%)'/-.9 "$,."05'1)$=(-6

26.

$+# 3 6GNN WU CDQWV VJG RCEG QH VJG TGEQXGT[ RQUV VJG UGEQPF YCXG! G-.'/03.'$2'(-.').3$7.)4'2$)'(-.'*"&%+()4'$7.)055'-0+'#.."' ,%3-'20+(.)'02(.)'(-.'+.3$"&'=07.<'0+'3$,/0).&'($'(-.' ƒTUV QPG # DKI EQPVTKDWVKQP VQ VJKU JCU DGGP VJG QPUGV QH 7033*"0(*$"+6'D('G-.'_$+(30)&'C$(.5<':QQ^'$2'$%)'(.0,'*+' 7033*"0(.&6'S.'/)*$)*(*+.&'(-*+'*"'(-.'#.1*""*"1<'"$('$"54' 2$)'(-.'+02.(4'$2'$%)'1%.+(+'#%('05+$'2$)'(-.'+02.(4'$2'$%)' VGCO OGODGTU +P /C[ VJKU [GCT YG NCWPEJGF QWT ƒTUV =*5&5*2.' ).+$)(' *"' (-.' 50"&' $2' (-.' D+*0(*3' 5*$"<'G-.' _$+(9 30)&' \*)' S*5&5*2.' V0"3(%0)46' K.+/*(.' (-.' +.3$"&' =07.<' 0"&' ,$).' +$' 02(.)' (-0(<' (-.' -$(.5' -0+' #.."' ".0)54' 2%556' V/).0&'$7.)':Y'03).+<'$%)'-$(.5'055$=+'$%)'1%.+(+'($'2..5' +02.'0"&'+.35%&.&<'0"&'4.('."M$4'(-.*)'-$5*&046

3 9JCV EQWNF DG VJG GXGTNCUVKPI KORCEV QH VJG RCPFGOKE QP VQWTKUO! _.$/5.'=*55'3$"(*"%.'($'3-$$+.'+,055.)'-$(.5+'$7.)'50)1.'

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ƒTUV YKVJ VJG CKO QH ETGCVKPI WNVTC KOOGT9 +*7.' .?/.)*."3.+' *"' +,055' -$(.5+6' _.$/5.' -07.' 05+$' #.9 3$,.' 0' 5$(' ,$).' ,*"&2%5' $2' (-.*)' &.3*+*$"+6' G)07.55.)+' 0).'"$='5$$@*"1'2$)'.?35%+*7*(4<'#%('05+$'0%(-."(*3*(46'I%)' +%+(0*"0#5.'0//)$03-'0"&'=.55".++'$22.)*"1+'-07.'#.."'

-*1-54'0//).3*0(.&'#4'$%)'1%.+(+<'05$"1'=*(-'$%)'.,/-09 +*+'$"').1*$"05'3%*+*".'0"&'3%5(%).6'

3 5KPEG KVU NCWPEJ KP JQY JCU VJG RTGUGPEG QH 6JG 2QUVECTF *QVGN ITQYP! *QY JCU %QXKF KORCEVGF [QWT GZRCPUKQP RNCPU! I".' (-*"1' (-0(' ).0554' 3-0"1.&' 2$)' $%)' #%+*".++' *+' (-0(' $%)'&.7.5$/,."('/*/.5*".'1$('."-0"3.&6'K%)*"1'(-.'/0"9 &.,*3<'=.'-07.').3.*7.&'&.7.5$/,."('W%.)*.+'0('0')0(.' $2'$".'+.)*$%+'&.7.5$/,."('W%.)4'/.)'&046'C$=.7.)<'=.'

0).' %"0#5.' ($' 1$' 0-.0&' =*(-' ;Q^' $2' (-.,<' 0+' =.' -07.'

0'+()$"1'#.5*.2'(-0('=.'0).'3%)0($)+'2$)'$%)'1%.+(+6'S.' -0"&/*3@' $%)' &.+(*"0(*$"+' 0"&' -$(.5+<' )0(-.)' (-0"' M%+(' 0*,*"1'2$)'0'50)1.'2$$(/)*"(6'I%)'."&.07$%)'*+'($'30/(%).'

:QQ^'$2'(-.',0)@.('+-0).'*"'(-.'5%?%)4'-$5*&04'+.1,."(' $2'!"&*06'G-*+'*+'$%)'1$05'0"&'=-0('=.'0).'+()*7*"1'2$)'*+' 0'/).+."3.'*"'.7.)4'+%*(0#5.'&.+(*"0(*$"'2$)'.?/.)*."(*05' 5%?%)4'()07.56

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

3$"".3(*"1'=*(-'(-.,+.57.+'0"&'(-.*)'5$7.&'$".+'=-*5.'

(0@*"1'5*2.'+5$=.)6'G-.'7*+*$"'$2'$%)'#)0"&'*+'1.((*"1'*"9 3).0+*"154'705*&0(.&'0+'=.'+..'(-.+.'3-0"1*"1'()."&+'*"' (-.'=04'/.$/5.'0).'-$5*&04*"1'"$=6

H)<635)7-1)6885B2602+9) 0:5):-3=206820A)35<0-1N3) ;-53)0:1-.9:);62B513) 6+/)1602-+6823602-+)-7) 153012<02-+3))) L-1/3)MA)!"#$%&'$("

G=$'=07.+'$2'(-.'/0"&.,*3<'=*(-'0'+-$)('#).0@'#.(=.."'

(-.,<' #)$@.' (-.' #03@#$".' $2' !"&*0>+' -$+/*(05*(4' +.3($)6' G-.'&.,$(*70(.&'+.3($)'*+'+()%115*"1'($').7*7.'*(+.52<'*"' (-.'0#+."3.'$2'0"4'(0"1*#5.'+%//$)(+'2)$,'1$7.)",."(+<' .7."'0+',0"4'8$7*&90//)$/)*0(.').+()*3(*$"+'3$"(*"%.'($' +()0*"'(-.*)').7*705'.22$)(+'0"&'%(*5*a0(*$"'$2'(-.*)'2%55'309 /03*(46' !"'(-.'50+('$".'0"&'-052'4.0)+<'&%.'($'(-.'/0"&.,*3'0"&' ).50(.&'3$"(0*",."(',.0+%).+<'(-.'*"&%+()4'-0+'+%22.).&' 0' ,0++*7.' ,.5(&$="<' =*(-' (-$%+0"&+' $2' ).+(0%)0"(+' EfQ^F'-07*"1'#.."'+-%('&$="'05).0&46'G05."(+'&.7.5$/.&' (-)$%1-'4.0)+'0"&'&.30&.+'$2'.?/.)*."3.+'0).'#.*"1'2)*(9 (.).&'0=04'&%.'($'(-.'%".,/5$4,."('*"'(-.'+.3($)6'8-.2+' CTG DGKPI HQTEGF VQ FQǾ YQTMU VJCV JCXG PQVJKPI VQ FQ =*(-'(-.*)'/)$2.++*$"05'()0*"*"1'0"&'.?/.)*."3.+6'C$(.5+' CPF TGUVCWTCPV QYPGTU CTG HCEKPI GZVTGOG FKHƒEWNVKGU KP +.)7*"1'(-.*)'5$0"+6'G-.'*"&%+()4<'#%)&.".&'=*(-',0++*7.'

5*0#*5*(*.+<' *"3).0+.&' $/.)0(*"1' 3$+(' 0"&' 5$=' ).(%)"+<' *+' ƒPFKPI JCTF VQ DG DCEM QP VJGKT HGGV CPF VJGTGHQTG FGU9 /.)0(.54'+..@*"1'1$7.)",."('+%//$)('($'+%)7*7.6' A%(' !"&*0>+' /$5*34,0@.)+' 0).' "$"3-050"(' 0"&' %"30)*"1' ($=0)&+' (-.' -$+/*(05*(4' *"&%+()4b' (-0(' *+' (-.' 7*.=' ,0"4' *"'!"&*0>+'-$+/*(05*(4'*"&%+()4'+()$"154'#.5*.7.'*"6'S*(-'0' 2.='.?3./(*$"+'0('+(0(.'5.7.5+<'1$7.)",."(+<'#$(-'0('(-.'

2.&.)05'0"&'+(0(.'5.7.5+'-07.'+-$="'5*((5.'3$"+*&.)0(*$"' 2$)'(-*+'*"&%+()4'&%)*"1'(-.'8$7*&9:;'3)*+*+6' -CONGUJ $CTQV &KTGEVQT 8KG *QURKVCNKV[ TWGU YJCV JG FG9 +3)*#.+'0+'(-.'/.++*,*+(*3'@*"&'$2'0//)$03-'$"'(-.'/0)(' $2'1$7.)",."(+'=*(-').+/.3('($'(-.'*"&%+()46'D33$)&*"1' ($'-*,<'0#$%('fQ^'$2').+(0%)0"(+'-07.'#.."'+-%('&$="'

&%.'($'(-.'3)*+*+'0"&'*"'(-.'0#+."3.'$2'0"4'1$7.)",."(' +%//$)(6'G-.' +*(%0(*$"' *+' +$' 1)*,' (-0(' ,0"4' -07.' #.."'

2$)3.&'($'3$,,*('+%*3*&.+'*"'(-.'+.3($)6 G05@*"1'0#$%(').0+$"+'2$)').+(0%)0"(+'#.*"1'+-%('&$="<' A0)$('+04+<'TB$+('$2'(-.'35$+.&').+(0%)0"(+'=.).'*"')."(9 .&'+/03.+6'G-.4'=.).'"$('*"'0'/$+*(*$"'($'/04'/).98$7*&' NGXGN TGPVU QYKPI VQ VJGKT ƒPCPEKCN UVCVG 6JG UVWDDQTP 0"&'%"3$,/)$,*+*"1'0((*(%&.'$2'50"&5$)&+<'=-$'=.).'"$(' =*55*"1' ($' ).".1$(*0(.' )."(+<' 2$)3.&' (-.' 35$+%).' $2' +%3-' ).+(0%)0"(+6' !"' (-*+' #03@1)$%"&<' +$,.' $=".)+' 2$%"&' *(' FKHƒEWNV CPF WPUWUVCKPCDNG VQ TWP VJGKT TGUVCWTCPVU NGCF9 KPI VQ VJGKT ENQUGTU Ū UC[U $CTQV CFFKPI VJCVǾVJG ť+ FQPŦV 30).' 0((*(%&.>' $2' 1$7.)",."(+<' 0+' =.55' 0+' (-0(' $2' 50"&9 NQTFU ǾJCU DGGP C JWIG NGV FQYP HQT VJG KPFWUVT[ Ū ǾǾ S-.(-.)'*('*+'*,/$+*"1').+()*3(*$"+'$)'8$7*&9:;'/)$($3$5' $)'.?(."&*"1'0"4').5*.2'($'(-.'*"&%+()4<'1$7.)",."(+'-07.' #.."'*))0(*$"05<'0/0(-.(*3'0"&'&*+3)*,*"0($)4'($=0)&+'(-.' *"&%+()4<' =-*3-' *"' "$),05' (*,.+' %+.&' ($' 3$"()*#%(.' ]6J' ^'*"'(-.'\K_'$2'(-.'.3$"$,4<'0"&'+%//$)(.&'Z^'$2'(-.' .,/5$4.&' =$)@2$)3.' *"' !"&*06' D33$)&*"1' ($' A0)$(<' /$+(' VJG ƒTUV YCXG QH VJG RCPFGOKE C WPKHQTO PCVKQPCN NGX9 .5' 0//)$03-' -0+' #.."' ,*++*"1' 0+' 20)' 0+' (-.' -$+/*(05*(4' UGEVQT KU EQPEGTPGF ũ&WTKPI VJG ƒTUV YCXG QH VJG RCP9 &.,*3'(-.'["*$"'\$7.)",."('0&$/(.&'%"*2$),'0//)$03-' 2$)'(-.'=-$5.'3$%"()4<'/503*"1'*('%"&.)'(-.'+()*"1."('"09 VKQPCN NQEMFQYP DWV CHVGT VJG ƒTUV YCXG QH VJG RCPFGOKE .##.&<'(-.'\$7.)",."('$2'!"&*0'5.2('*('($'+(0(.+'($'&.3*&.' $"'(-.'*,/$+*(*$"'$2').+()*3(*$"+'($'3$"(0*"'(-.'+/).0&'$2' (-.'7*)%+<U'+0*&'A0)$(6

Kamlesh Barot, Director, Vie Hospitality

29.

30.

*!# D+' ,0"4' 1$7.)",."(+' *"' (-.' =$)5&' -07.' #.."' +4,/09 (-.(*3'0"&'+%//$)(*7.'($=0)&+'(-.*)'-$+/*(05*(4'*"&%+()*.+<' (-.' !"&*0"' -$+/*(05*(4' *"&%+()4' -0+' 05+$' #.."' *"(."+.54' +..@*"1' +%//$)(' 2)$,' 1$7.)",."(+' 2$)' *(+' +%)7*705' 0"&' +07*"1'5*7.5*-$$&+6'd?/.)(+'01)..'(-0('#$(-'"0(*$"05<'0+' =.55'0+'+(0(.'1$7.)",."(+<'+-$%5&').05*a.'(-.'1)07*(4'$2' VJG UKVWCVKQP VJG UGEVQT ƒPFU KVUGNH KP 6JG[ OWUV VCMG +(./+'($'+%//$)('(-*+'*"&%+()4<'(-.*)'+%)7*705'.22$)(+<'0"&' GCUG VJGKT OQWPVKPI ƒPCPEKCN NKCDKNKVKGU #U C UJQTV VGTO ,.0+%).<' ).+/.3(*7.' 1$7.)",."(+' +-$%5&' *,,.&*0(.54' .?.,/('(-.'-$+/*(05*(4'+.3($)'2)$,'/04*"1'3.)(0*"'+(0(%9 ($)4'2..+'+%3-'0+'5*3."+.'2..+<'.(36<'2$)'(-.'/.)*$&'=-."'

-$+/*(05*(4'#%+*".++.+'=.).'5$3@.&'&$="'&%.'($'1$7.)"9 ,."(9*,/$+.&').+()*3(*$"+6 A0)$(<' =-$+.' 3$,/0"4' )%"+' ,0"4' -$(.5+' 0"&' ).+(0%9 )0"(+<'+04+'(-0('!"&*0>+').+(0%)0"('*"&%+()4'-0+'+%22.).&' ,$).'(-0"'0"4'$2'*(+'3$%"(.)/0)(+'*"'(-.'=$)5&'*"'(.),+' $2'5$++'$2').7."%.+'0"&'5*7.5*-$$&6'C.').2.)+'($'(-.'["*(9 GF -KPIFQOŦU IQXGTPOGPVŦU VKOGN[ CPF IGPGTQWU UWRRQTV HQT VJG KPFWUVT[ 6JG 7-ŦU TGUVCWTCPV KPFWUVT[ EQWNF UWT9 XKXG VJTQWIJ VJG ETKUKU DGECWUG VJG 7- IQXGTPOGPV UWD9 +*&*a.&' (-.' +050)*.+' $2' (-.' -$+/*(05*(4' *"&%+()4' #4' JQ^6' 6JKU JGNRGF VJG 7- IQXGTPOGPV UCXG OKNNKQPU QH LQDU KP (-.' *"&%+()4<' +04+' A0)$(<' =-$' -0+' 05+$' +.)7.&' 0+' /).+*9 &."('$2'(-.'N.&.)0(*$"'$2'C$(.5'0"&'X.+(0%)0"('D++$3*09 (*$"+'$2'!"&*0'ENCXD!F6'C.'+04+'(-0('(-.'!"&*0"').+(0%)0"(' *"&%+()4'&$.+'"$('.?/.3('(-0('@*"&'$2'+%//$)('2)$,'1$79 .)",."(+'*"'!"&*0<'=-.(-.)'*('*+'(-.'2.&.)05'$)'+(0(.'1$79 .)",."(+<'T#.30%+.'=.'@"$='(-.'@*"&'$2'2%"&+'(-0('0).'

CXCKNCDNG YKVJ VJG 75 7- CPF QVJGT FGXGNQRGF PCVKQPU 0).' "$(' 070*50#5.' =*(-' &.7.5$/*"1' 3$%"()*.+' 5*@.' !"&*06' G-.).2$).<'@../*"1'(-0('@*"&'$2'.?/.3(0(*$"'-.).'*"'$%)' EQWPVT[ YQWNF DG WPTGCNKUVKE Ū Ǿ*QYGXGT JG CFFGF ũ9G -07.').W%.+(.&'1$7.)",."(+'($'.?.,/('%+'2)$,'/04*"1' 3.)(0*"'2..+'2$)'(-.'/.)*$&'=-."'$%)'#%+*".++'=0+'+-%(' &$="'&%.'($'1$7.)",."(9*,/$+.&').+()*3(*$"+6U' G-.' -$+/*(05*(4' *"&%+()4<' .+/.3*0554' -$(.5+' 0"&' ).+(0%9 )0"(+'0).'3%))."(54'#.0)*"1'(-.'#%)&."'$2',0"4'+(0(%($)4' 5*0#*5*(*.+'0('(-.'3."().<'+(0(.'0"&',%"*3*/05'5.7.5+<'=-*3-' 0).' #.3$,*"1' %"#.0)0#5.' 2$)' (-.,6' B0"4' -$+/*(05*(4' ƒTOU UWRRQTVGF VJGKT UVCHH D[ RC[KPI VJGO GXGP FWTKPI (-.'(*,.+'(-.*)'$/.)0(*$"+'=.).'35$+.&<'.+/.3*0554'&%)*"1' (-.' 5$3@&$="+6' G-*+' -%,0"' 1.+(%).' $"' (-.*)' /0)(' $"54' GZCEGTDCVGF VJGKT ƒPCPEKCN UKVWCVKQP CPF VJG[ IQV NKVVNG 0//).3*0(*$"'2$)'(-*+'-%,0"*(0)*0"'0//)$03-6'TG-.'-0)&' ()%(-'*+'(-0('.7."'*2'4$%'0).'+-%((*"1'&$="'4$%)'#%+*".++b' .7."' *2' 4$%' 0).' %"0#5.' ($' )%"' 4$%)' #%+*".++' &%.' ($' ).9 +()*3(*$"+'*,/$+.&'#4'1$7.)",."('*(+.52<'4$%'=$%5&'-07.' ($'/04'+(0(%($)4'2..+<'=-*3-'*+'*))0(*$"05'0"&'%"20*)<U'+04+' A0)$(6'G-.'=0*7.)+'$2'(-.+.'+(0(%($)4'3-0)1.+'#4'70)*$%+'

1$7.)",."(+'30"'055.7*0(.'0'#*('$2'/0*"'$2'(-.'*"&%+()4<' -$=.7.)<' (-0(' =$%5&' "$(' #)*"1' ,%3-' ).5*.26' G-.' +.3($)' "..&+',%3-'50)1.)'+%//$)('0('(-*+'-$%)'$2' (-.'3)*+*+' ($' +%+(0*"'*(+'#%+*".++6' A0)$(' 0//).3*0(.+' (-.' 0//)$03-' $2' 3.)(0*"' +(0(.+' +%3-' 0+'X0M0+(-0"'0"&'\%M0)0('=-*3-'-07.'#.."'+4,/0(-.(*3' ($=0)&+'(-.').+(0%)0"('#%+*".++6'G-.4'-07.'#.."',$).'

25.?*#5.'*"').50?*"1').+()*3(*$"+'2$)').+(0%)0"(+<'+(*55<'(-.'

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ǾǾǾ

%QPENWUKQP 6JGǾRCUV VYQ [GCTU JCXG DGGP VGTTKDN[ DCF HQT VJG KPFWU9 ()4<'033$)&*"1'($'A0)$(<'&%.'($'(-.'(=$'=07.+'$2'(-.'/0"9 &.,*3'*"'(-.'3$%"()4<'#%('"$='(-.'*"&%+()4'-0+'5.0)"('($' 5*7.'=*(-'*('0"&'*+">('+30).&'$2'(-.'5*@.5*-$$&'$2'(-.'(-*)&'$)' 2$%)(-'=07.<'/)$7*&.&'*('*+'+%//$)(.&'&%54'#4'/$5*34,0@9 .)+6'TS.'-07.'03@"$=5.&1.&'(-0('8$7*&9:;'*+'1$*"1'"$9 =-.).'0"&'=.<'(-.'/.$/5.'*"'(-.'*"&%+()4'0"&'3%+($,.)+' =*55'-07.'($'5*7.'=*(-'*(6'8.)(0*"').+()*3(*$"+'=*55'3$"(*"%.'

2$)'0'5$"1'(*,.'($'3$,.6'C$(.5+'0"&').+(0%)0"(+'=*55'-07.' ($'0&0/('($'(-.'".=').05*(4<'0&$/('".='"$),+'0"&',.(-9 QFU QH QRGTCVKPI Ū UC[U $CTQV Ǿ %JCPIGU DTQWIJV KP VJG YC[U QH QRGTCVKQPU CPF UGTXKEGU YKNN UVC[ HQT NQPI Ǿ#E9 3$)&*"1'($'A0)$(<'-$(.5+'0"&').+(0%)0"(+'=*55'-07.'($'#.' .?()0'30%(*$%+'0#$%('(-.*)'-41*.".'0"&'+02.(4'+(0"&0)&+<' 0"&'3$,/54'=*(-'8$7*&'/)$($3$56'C.'+04+'(-0('3%+($,.)+' =*55'+-4'0=04'2)$,'7*+*(*"1'0'-$(.5'$)').+(0%)0"('(-0('*+' +.."'5.++'3$"3.)".&'0#$%('-41*.".<'0"&'+%3-'.+(0#5*+-9 OGPVU YKNN NQUG DWUKPGUU Ǿ

32.

L-18/)$-.1234)"6A) VWV>Q)$-.1234) 15<-B51A)<1202<68)7-1) 7-30512+9)2+<8.32B5) 91-;0: L-1/3)MA)/01.&2)."0

["0)1%0#54<'($%)*+,'*+'$".'$2'(-.',$+('*,/$)(0"('+.3($)+' $2' (-.' =$)5&' .3$"$,4<' =*(-' 0)$%"&' :Q^' $2' (-.' =$)5&>+' =$)@*"1' /$/%50(*$"' .,/5$4.&' *"' ($%)*+,6' A.+*&.+<' (-.' +.3($)'/)$7*&.+'5*7.5*-$$&+'($'-%"&).&+'$2',*55*$"+',$).' /.$/5.6' N$)' +$,.' 3$%"()*.+<' (-.' +.3($)' 3$"()*#%(.+' 0+' ,%3-' 0+' PQ^' $2' (-.*)' \K_6' I"' (-.' $(-.)' -0"&<' ($%)*+,' #)*"1+' /.$/5.' 0"&' 3%5(%).' 35$+.)' ($' .03-' $(-.)' #4' /)$9 7*&*"1'(-.,'$//$)(%"*(*.+'($'.?/5$).'0"&'.?/.)*."3.'(-.'

3%5(%)05'0"&'"0(%)05')*3-.+'$2'70)*$%+'/0)(+'$2'(-.'=$)5&6' %QPUKFGTKPI VJG UKIPKƒECPV TQNG CPF EQPVTKDWVKQPU QH VQWTKUO KP VJG YQTNFŦU GEQPQO[ CPF RGQRNGŦU NKHG VJGǾ70 9QTNF 6QWTKUO 1TICPK\CVKQPǾ 70961 KPUVKVWVGF 5GR9 VGODGT CUǾ 9QTNF 6QWTKUO &C[ 6JG ƒTUV 9QTNF 6QWTKUO K04'=0+'$#+.)7.&'*"'(-.'4.0)':;ZQ6'P](-'V./(.,#.)'=0+' 3-$+."'0+'S$)5&'G$%)*+,'K04'0+'*('=0+'$"'(-*+'&0(.'(-0(' [RSGI'0&$/(.&'*(+'+(0(%(.+'*"':;]Q6 V*"3.':;ZQ<'S$)5&'G$%)*+,'K04'*+'3$,,.,$)0(.&'.03-' 4.0)'$"'P]'V./(.,#.)'($'2$+(.)'0=0).".++'0,$"1'(-.'*"9 (.)"0(*$"05'3$,,%"*(4'$2'(-.'*,/$)(0"3.'$2'($%)*+,'0"&' *(+'+$3*05<'3%5(%)05<'/$5*(*305'0"&'.3$"$,*3'705%.6

ť6QWTKUO HQT +PENWUKXG )TQYVJŦ G-.'8IH!K9:;'/0"&.,*3'-0+'-0&'0',0++*7.'*,/03('$"' /.$/5.>+' 5*7.+' 03)$++' (-.' =$)5&<' #$(-' +$3*0554' 0"&' .3$9

"$,*305546' A$(-' &.7.5$/.&' 0"&' &.7.5$/*"1' .3$"$,*.+' -07.'#.."'-*('-0)&'#4'(-.'/0"&.,*36'N$).30+(+'+%11.+(' (-0('(-.'=$)5&'.3$"$,4'=*55'+%22.)'0'5$++'$2'$7.)'lf'()*59 5*$"'&%.'($'&.3).0+.&'($%)*+,'#4'(-.'."&'$2'PQP:6'G-*+' *+'0',0M$)'+-$3@'"$('$"54'2$)'&.7.5$/.&'.3$"$,*.+'#%(' 05+$' 2$)' &.7.5$/*"1' 3$%"()*.+6' D,$"1' 055<' (-.' ,0)1*"9 05*a.&' 0"&' 7%5".)0#5.' 1)$%/+' -07.' +%22.).&' (-.' ,$+(6' S-*5.'0"'.0)54').+(0)('$2'($%)*+,'=*55'-.5/'"$('$"54'@*3@9 +(0)(' ).3$7.)4' *"' (-.' +.3($)' #%(' =*55' 05+$' #$$+(' $7.)055' 1)$=(-6'8$"+*&.)*"1'(-.'/5*1-('$2',0)1*"05*a.&'0"&'7%59 PGTCDNG ITQWRU KV KU GUUGPVKCN VJCV VJG DGPGƒVU QH VQWT9 *+,').3$7.)4'0"&'1)$=(-'0).'*"35%+*7.'0"&').03-'0'=*&9 .)' /$/%50(*$"6' G$' %"&.)5*".' (-.' *,/.)0(*7.' $2' *"35%+*7.'

1)$=(-' (-)$%1-' ($%)*+,<' S$)5&' G$%)*+,' I)10"*a0(*$"' 70961 ǾJCU FGUKIPCVGFǾ9QTNF 6QWTKUO &C[ ǾCU C &04'($'2$3%+'$"'TG$%)*+,'2$)'!"35%+*7.'\)$=(-6U D+' (-.' ["*(.&' R0(*$"+' +/.3*05*a.&' 01."34' 2$)' ).+/$"9 +*#5.' 0"&' +%+(0*"0#5.' ($%)*+,<' [RSGI' *+' 1%*&*"1' (-.'

15$#05' ($%)*+,' +.3($)' ($=0)&+' *"35%+*7.' ).3$7.)4' 0"&' 1)$=(-<'."+%)*"1'(-0('.7.)4'/0)('$2'(-.'+.3($)'-0+'0'+04' *"'*(+'2%(%).'c'*"35%&*"1'3$,,%"*(*.+<',*"$)*(*.+<'4$%(-' 0"&'(-$+.'=-$'=$%5&'$(-.)=*+.'#.'0(')*+@'$2'#.*"1'5.2(' #.-*"&6 TI"'S$)5&'G$%)*+,'K04<'=.').3$1"*a.'(-.'/$=.)'0"&'/$9 (."(*05' $2' ($%)*+,' ($' 0&70"3.' (-.' /)$+/.)*(4' 0"&' &)*7.' *"35%+*7.<'+%+(0*"0#5.'&.7.5$/,."(6'G-.'($%)*+,'+.3($)'

34.

*&# ($%3-.+'05,$+('.7.)4'/0)('$2'$%)'.3$"$,*.+'0"&'+$3*.(9 *.+<'."0#5*"1'-*+($)*30554',0)1*"05*a.&'/.$/5.'0"&'(-$+.'

CV TKUM QH DGKPI NGHV DGJKPF VQ DGPGƒV HTQO FGXGNQROGPV (-0('*+'5$305'0"&'&*).3(<U'+0*&'D"(m"*$'\%(.)).+<'[RSGI>+' V.3).(0)49\.".)05'*"'-*+',.++01.'2$)'S$)5&'G$%)*+,'K04' PQP:6' TG$%)*+,' 3$"(*"%.+' ($' +%22.)' ."$),$%+54' %"&.)'

VJG %18+& RCPFGOKE KP VJG ƒTUV ƒXG OQPVJU QH VJKU 4.0)<' *"(.)"0(*$"05' ($%)*+(' 0))*705+' &.3).0+.&' #4' 0' +(019 1.)*"1' ;J' /.)' 3."(' *"' /0)(+' $2' (-.' =$)5&' 0"&' 2$).30+(+' +%11.+(' 0' 5$++' $2' $7.)' lf' ()*55*$"' ($' 15$#05' \K_' #4' (-.' ."&' $2' PQP:6'G-*+' *+' 0' ,0M$)' +-$3@' "$(' $"54' 2$)' &.7.59 $/.&'.3$"$,*.+'#%('05+$'2$)'&.7.5$/*"1'3$%"()*.+<'*('*+' 0"'.,.)1."34<U'0&&.&'D"(m"*$'\%(.)).+6 85*,0(.' 3-0"1.' *+' 05+$' +.7.).54' 022.3(*"1' ,0"4' ,0M$)' ($%)*+(' &.+(*"0(*$"+<' /0)(*3%50)54' V,055' !+50"&' K.7.5$/9 *"1' V(0(.+' =-.).' ($%)*+,' 033$%"(+' 2$)' ".0)54' eQ^' $2' .3$"$,*3' 03(*7*(46' TS*(-' ,0"4' ,*55*$"+' $2' 5*7.5*-$$&+' *"' M.$/0)&4<' *(' *+' (*,.' ($' ).(-*"@<' ()0"+2$),<' 0"&' +02.54' ).+(0)(' ($%)*+,6' S*(-' (-.' )*1-(' +02.1%0)&+' *"' /503.<' (-.' ($%)*+,'+.3($)'30"'/)$7*&.'&.3."('M$#+<'-.5/*"1'($'#%*5&' ).+*5*."(<' +%+(0*"0#5.<' 1."&.)9.W%05<' *"35%+*7.' .3$"$9 ,*.+'0"&'+$3*.(*.+'(-0('=$)@'2$)'.7.)4$".6'G-*+',.0"+' (0)1.(.&' 03(*$"' 0"&' *"7.+(,."(' ($' +-*2(' ($=0)&+' 1).."' ($%)*+,' c' =*(-' -*1-' .,*((*"1' +.3($)+<' *"35%&*"1' 0*)' 0"&' +.0' ()0"+/$)(' 0"&' -$+/*(05*(4<' ,$7*"1' ($=0)&+' 30)#$"' ".%()05*(4<U' +(0(.&' \%(.)).+6' TD"&' *(' ,.0"+' 1*7*"1' .79 .)4#$&4' 0' +04' *"'-$=' ($%)*+,'+-0/.+'(-.'2%(%).'$2' $%)' +$3*.(*.+' 0"&' $%)' /50".(6U' D33$)&*"1' ($' \%(.)).+<' $"54' (-)$%1-'*"35%+*7.'&.3*+*$"9,0@*"1'30"'=.'."+%).'*"35%9 +*7.<' +%+(0*"0#5.' 1)$=(-<' &.5*7.)' $"' (-.' /)$,*+.' $2' (-.'

5&)U CPF VTCPUHQTO VQWTKUO VQ HWNƒN KVU RQVGPVKCN CU CP ."1*".'2$)'/)$+/.)*(4<'0'7.-*35.'2$)'*"(.1)0(*$"<'0',.0"+' ($' /)$(.3(' $%)' /50".(' 0"&' #*$&*7.)+*(4<' 0"&' 0"' 01."(' $2' 3%5(%)05'%"&.)+(0"&*"1'#.(=.."'/.$/5.+6 8$,,."(*"1'$"'(-.'(-.,.'$2'(-*+'4.0)>+'S$)5&'G$%)*+,' K04<'X0M.+-'B01$=<'8$9N$%"&.)'0"&'\)$%/'8dI<'B0@.9 B4G)*/' +0*&' (-0(' *"35%+*7.' ()07.5' *+' 055' 0#$%(' /)$7*&*"1' $/(*$"+'(-0('&$">('5.07.'0"4$".'#.-*"&6'TD2(.)'1)0//5*"1' =*(-' (-.' /0"&.,*3' 2$)' :Z' ,$"(-+<' (-.' ()07.5' *"&%+()4' 35.0)54'%"&.)+(0"&+'(-0('(-.'*,/5*30(*$"+'$2'0'30(0354+9 ,*3'.7."('$2'(-*+'"0(%).'0).'2.5('055'03)$++'(-.'705%.'3-0*"' #%(',$).'03%(.54'0('(-.'#$(($,'$2'(-.'/4)0,*&6'!(>+'=-4'0(' B0@.B4G)*/<'=.'#.5*.7.'(-0('(-.'+.3($)'-0+'($'#.').#%*5(' (0@*"1' .7.)4$".' 05$"1' c' 3%+($,.)+<' /0)(".)+<' /..)+<' /.$/5.' 0"&' 055' (-$+.' =-$' 0).' /0)(' $2' (-*+' 705%.93-0*"<U' +().++.&' B01$=<' 0&&*"1<' TG$&04<' ()07.55.)+' 0).' /)$039 (*7.54',0@*"1'+%+(0*"0#5.'()07.5'3-$*3.+6'G-)$%1-'B0@.9 B4G)*/'N$%"&0(*$"'=.'-07.'#.."'0('(-.'2$).2)$"('($'/)$9 ,$(.'+%+(0*"0#5.'0"&').+/$"+*#5.'()07.5'(-)$%1-'70)*$%+' /)$M.3(+' 03)$++' (-.' 3$%"()4' *"35%&*"1' +%33.++2%5' /50"9 (0(*$"'$2'I".'B*55*$"'()..+<'+.((*"1'%/'.3$9302.+'*"'K)0+'

-CTIKN KP .CFCMJ TWPPKPI C ƒTUV QH KVU MKPF RNCPVCVKQP /)$M.3('*"'/0)(".)+-*/'=*(-'V$"0,'S0"13-%@>+'*"+(*(%(.' *"'L0&0@-'0"&'50%"3-*"1'0"'*"(.1)0(.&'/)$1)0,'($',0@.'

R.*5'!+50"&'*"'D"&0,0"+'+*"15.9%+.'/50+(*392)..6U'I"'(-.' $330+*$"' $2' (-*+' 4.0)>+' S$)5&' G$%)*+,' K04<' B0@.B4)*/' /5.&1.&' ($' 2%)(-.)' +%//$)(' (-.' \$7.)",."(' 0"&' (-.' *"9 &%+()4'*"'(-.*)'70)*$%+'.22$)(+'($'#%*5&'@"$=5.&1.'0"&'0&9 XQECVG VJG GPFWTKPI DGPGƒVU QH TGURQPUKDNG VTCXGN Ǿ

!"#$%#&'()*''(*&#**+,+!-./+01+20$.3456+7#8+01+904.:+,+;43+40<+!/"/45(*&'&(==>*=+,+!-./+01+2?@"3$:3456+)AB+01+.:/+904.: