CATALOGO_STYLEHOUSE_2012.pdf

(aPLUKH 3H S\UNH LZWLYPLUaH TH[\YH[H PU VS[YL HUUP KP WYVK\aPVUL ULS TVUKV KLP +P]HUP ;YHZMVYTHIPSP MH KP :;@3, /6<:, 05;,95(;065(3 PS W\U[V KP YPMLYPTLU[V WLY JOP YPJLYJH X\HSP[n I\VU N\Z[V LK PUUV]HaPVUL 0U X\LZ[L WHNPUL =P WYLZLU[PHTV SH U\V]H JVSSLaPVUL \UH ZPU[LZP PKLHSL KP MVYTL TV]PTLU[P L TH[LYPHSP ZHWPLU[LTLU[L SH]VYH[P WLY PU[LYWYL[HYL ZLTWYL TLNSPV SL LZPNLUaL KLS U\V]V TVKV KP HIP[HYL

FABRIQUE EN ITALIE

-PYT

4HPZVU

;OL `LHYZ SVUN L_WLYPLUJL PU [OL [YHUZMVYTHISL ZVMHZ WYVK\J[PVU ZL[Z

3H SVUN\L L_WtYPLUJL KL HUZ KHUZ SL KVTHPUL KLZ JHUHWtZ

:[`SL /V\ZL 0U[LYUH[PVUHS HZ HU \UJVU[LZ[HISL YLMLYLUJL WVPU[ PU [OL

[YHUZVMYTHISLZ MHP[ KL :[`SL /V\ZL 0U[LYUH[PVUHS SL WVPU[ KL YLWuYL

X\LZ[ MVY X\HSP[` NVVK [HZ[L HUK PUUV]H[PVU

WV\Y JL\_ X\P JOLYJOLU[ SL IVU NV [ L[ S»PUUV]H[PVU

0U [OLZL WHNLZ ^L WYLZLU[ [OL UL^ JVSSLJ[PVU HU PKLHS Z`U[OLZPZ VM

+HUZ SLZ WYVJOHPULZ WHNLZ UV\Z HSSVUZ =V\Z WYtZLU[LY SH UV\]LSSL

ZOHWLZ TV]LTLU[Z HUK TH[LYPHSZ THZ[LYS` JYHM[LK [V PU[LYWYL[ HS^H`Z

JVSSLJ[PVU \UL ZPU[OuZL PKtHSL KL MVYTLZ TV\]LTLU[Z L[ TH[LYPLSZ

IL[[LY [OL UL^ SP]PUN [YLUK

ZH]HTTLU[ [YH]HPSStZ WV\Y PU[LYWYt[LY [V\QV\YZ TPL\_ SLZ L_PNLUJLZ KL SH UV\]LSSL MHsVU K» OHIP[LY

4H[YP_

:[YH[\Z

*PYY\Z

WHN WHN

WHN

5PTI\Z

WHN

7VS[YVUH *PYY\Z

WHN

7VS[YVUH )PQV\ L 7V\M ;HI S[YVUH )PQV\ L 7V\M ; M

WHN

+HRV[H :THSS

WHN

7 7VS[YVUH +HRV[H :THSS HRV[H :THSS

WHN

0UKPJL (SMHIL[PJV (SWOHIL[PJ PUKL_ 0UKL_ (SWOHIt[PX\L )PQV\ 7VS[YVUH *LZZUH *LZZUH :THSS *LZZUH :THSS 7VS[YVUH *PYY\Z *PYY\Z 7VS[YVUH *SPTI +HRV[H +HRV[H :THSS +HRV[H :THSS 7VS[YVUH +\WSL_ ,_[Y~ 1\SPL 4H[PSKL 7VS[YVUH 4PKKSL 4VVUL` 5PTI\Z 6WLU 6]LY 6]LY :THSS 6]LY :THSS 7VS[YVUH 7PLYYV[ 9VIPU :HYH[VNH :LULJH :RPW :WHJL :[YH[\Z ;HI 7V\M ;LJOUV 7V\M =HULZZH =LYVSL[[V

WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN WHN

(]HU[NHYKL +HRV[H

WHN

7PLYYV[

WHN

*LZZUH

*LZZUH :THSS

WHN WHN

WHN 7VS[YVUH *LZZUH :THSS H *LZZUH :THSS WHN

6]LY :THSS 6]LY : :THSS SS

WHN WHN

7VS[YVUH 6]LY :THSS

WHN WHN

WHN

6]LY

WHN

7VS[YVUH 4H[PSKL

WHN

+V\ISL 3P[ 3LZ .PNVNULZ

*SPTI

WHN

=LYVSL[[V

4PKKSL

WHN

+\WSL_

7YVU[VSL[[V

WHN

WHN

:LULJH

WHN

,_[Y~

WHN

:WHJL W

=HULZZH

WHN

9VIPU

WHN

4VVUL` 4V VVUL`

;LJOUV 7V\M

WHN

WHN W N

:RPW

WHN

WHN

1\SPL 1\

WHN

:HYH[VNH N

6WLU

WHN

WHN

(JJLZZVYP L 9PJHTIP WHN (JJLZZVYPLZ HUK ZWHYL WHY[Z WYPJL SPZ[ (JJLZZVPYLZ L[ YLJOHUNLZ

;LZZ\[P *H[LNVYPH ) * + KH WHN -HIYPJZ *H[LNVY` ) * + H ;PZZ\Z *H[tNVYPL ) * +

*VUKPaPVUP NLULYHSP KP ]LUKP[H .LULYHS ZHSLZ JVUKP[PVUZ *VUKP[PVUZ NtUtYHSLZ KL ]LU[L

9PJHTIP TH[LYHZZP :WHYL WHY[Z TH[YLZZLZ 9LJOHUNLZ TH[LSHZ

.HYHUaPH .\HYHU[LL .HYHU[PL

WHN

4H[LYHZZP *V[[VU ,SHZ[ ,_[YH -VHT 4LTVY` WHN *V[[VU ,SHZ[ ,_[YH -VHT 4LTVY` TH[[YLZZLZ 4H[LSHZ *V[[VU ,SHZ[ ,_[YH -VHT 4LTVY`

0UMVYTHaPVUP [LJUPJOL ;LJOUPJHS PUMVYTH[PVUZ 0UMVYTH[PVUZ [tJOUPX\LZ

WHN

3H]HNNPV *SLHUPUN 5L[[V`HNL

WHN

9PJHTIP YP]LZ[PTLU[P KP]HUP WHN :WHYL WHY[Z ZVMH JV]LYZ 9LJOHUNLZ Yv]L[LTLU[Z JHUHWtZ

WHN

WHN

4H[YP_ :[YH[\Z 5PTI\Z *PYY\Z WVS[YVUH *PYY\Z WVS[YVUH )PQV\ WV\M ;HI

:[YH[\Z

,» WYVKV[[V KP ZLYPL JVU TH[LYHZZV ,_[YH -VHT PU 7VSP\YL[HUV LZWHUZV /9 YP]LZ[P[V PU Z[YL[JO [YHW\U[H[V ZMVKLYHIPSL :WLZZVYL JT 0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ,_[YH -VHT TH[[YLZZ THKL ^P[O L_WHUKLK 7VS`\YL[OHUL /9 JV]LYLK ^P[O X\PS[LK HUK YLTV]HISL Z[YL[JO ;OPJRULZZ JT 0S LZ[ MV\YUP[ Z[HUKHYK H]LJ TH[LSHZ ,_[YH -VHT LU TV\ZZL KL 7VS`\YL[OHUL /9 YL]v[\ LU Z[YL[JO WPX\t KLOV\ZZHISL tWHPZZL\Y JT

:[YH[\Z

3H WLUPZVSH W\~ LZZLYL TVU[H[H ZPH H KLZ[YH JOL H ZPUPZ[YH

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV

;OL 7LUPUZ\SH JHU IL WVZP[PVULK IV[O ZPKLZ VM [OL ZVMH

;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL

3H TtYPKPLUUL WL\[ v[YL TVU[tL H\ZZP IPLU n KYVP[L X\»n NH\JOL

3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TvTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

3H WLUPZVSH u \U VW[PVUHS n YPJOPLZ[H ,ZZH KPZWVUL KP \U HTWPV JVU[LUP[VYL JVU ZVSSL]HTLU[V HZZPZ[P[V KH K\L TVSSL H NHZ ;OL 7LUPUZ\SH PZ HU VW[PVU VU YLX\LZ[ 0[ OHZ H IPN IV_ PUZPKL ^P[O HU O`KYH\SPJ VWLUPUN Z`Z[LT 3H 4tYPKPLUUL LZ[ \UL VW[PVU n KLTHUKLY ,SSL LZ[ tX\PWtL K»\U NYHUK JVMMYL H]LJ ZV\Su]LTLU[ WHY KL\_ ]tYPUZ O`KYH\SPX\LZ

0 WPLKP ZVUV PU SLNUV JVSVYL >LUNt

5LSSV ZJOPLUHSL [YV]HUV ZWHaPV K\L N\HUJPHSP

;OL MLL[ HYL PU ^VVKLU >LUNt

0UZPKL [OL IHJR `V\ JHU ÄUK [OL ZWHJL MVY [^V WPSSV^Z

3LZ WPLKZ ZVU[ LU IVPZ JV\SL\Y >LUNt

+HUZ SL KVZZPLY PSZ [YV\]LU[ SL\Y LZWHJL KL\_ VYLPSSLYZ

7LY [YHZMVYTHYL PS KP]HUV SL[[V PU SL[[V u Z\MÃ&#x201E;JPLU[L \UH SLNNLYH [YHaPVUL KLSSV ZJOPLUHSL UVU J»u U\SSH KH ZWVZ[HYL P J\ZJPUP ZWHYPZJVUV ZV[[V SH YL[L 0U VYKLY [V [YHUZMVYT [OL ¸ZVMH¹ PU H ¸ILK¹ P[ PZ LUV\NO H SP[[SL [YHJ[PVU VM [OL IHJR ;OLYL PZ UV[OPUN [V YLTV]L HSS WPSSV^Z KPZHWWLHY \UKLY [OL UL[ MYHTL 7V\Y [YHUZMVYTLY SL JHUHWt LU SP[ PS Z\MÃ&#x201E;[ \UL StNuYL [YHJ[PVU K\ KVZZPLY ]LYZ S»H]HU[ 0S U»` H YPLU n KtWSHJLY SLZ JV\ZZPUHNLZ KPZWHYLZZLU[ ZV\Z SL ZVTTPLY

:[YH[\Z SL[[V \[PSL JT _ :[YH[\Z JT _ <ZLM\S ILK :[YH[\Z SP[ \[PSL JT _

3V ZJOPLUHSL LK P IYHJJPVSP ZVUV Ã&#x201E;ZZH[P JVU PS ZPZ[LTH H ¸IHPVUL[[H¹ WLY \UH YHWPKH YPTV aPVUL ;OL IHJR HUK [OL HYTZ HYL Ã&#x201E;_LK ^P[O IH`VUL[ Q\UJ[PVUZ MVY H MHZ[ YLTV]PUN HJ[PVU :[YH[\Z SL[[V \[PSL JT _ :[YH[\Z JT _ <ZLM\S ILK :[YH[\Z SP[ \[PSL JT _

3LZ THUJOL[[LZ L[ SL KVZZPLY ZVU[ Ã&#x201E;_LZ n SH Z[Y\J[\YL H]LJ SL Z`Z[uTL WHY NSPZZPuYLZ WV\Y MHJPSP[LY SL\Y TVU[HNL L[ KtTVU[HNL

:[YH[\Z SL[[V \[PSL JT _ :[ [ S [[ [PS :[YH[\Z JT _ :[ [ <ZLM\S ILK < M SI K :[YH[\Z SP[ \[PSL JT _

0S 4H[LYHZZV ¸,_[YH -VHT YP]LZ[P[V PU :[YL[JO [YHW\U[H[V ;OL ,_[YH -VHT TH[[YLZZ PZ JV]LYLK ^P[O X\PS[LK YLTV]HISL :[YL[JO 3L TH[LSHZ ,_[YH -VHT 0S LZ[ YL]v[\ H]LJ SL :[YL[JO WPX\t KtOV\ZZHISL

0 YP]LZ[PTLU[P ZVUV JVTWSL[HTLU[L ZMVKLYHIPSP ;OL JV]LYZ HYL M\SS` YLTV]HISL 3LZ YL]v[LTLU[Z ZVU[ JVTWSu[LTLU[ KtOV\ZZHISLZ

:;9(;<: ;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P] :;9(;<: 3L[[V JVK :;9(;<: ZVMH ILK JVK *HUHWt :;9(;<: 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV 4LTVY` 0UJYLHZL MVY 4LTVY` TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ 4LTVY`

)

*

+

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P] :;9(;<: 3L[[V JVK :;9(;<: ZVMH ILK JVK *HUHWt :;9(;<: 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV 4LTVY` 0UJYLHZL MVY 4LTVY` TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ 4LTVY`

)

)

4HNNPVY WLY TH[LYHZZV 4LTVY` 0UJYLHZL MVY 4LTVY` TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ 4LTVY`

*

+

*VWWPH J\ZJPUP 8<(+96 JVK 7HPY 8<(+96 J\ZOPVUZ JVK 7HPY *V\ZZPUZ 8<(+96 JVK

)

*

+

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL 3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

*

+

)

+P] :;9(;<: 3L[[V JVK :;9(;<: ZVMH ILK JVK *HUHWt :;9(;<: 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _

7LUPZVSH +? :? JVU[LUNV JVK 7LUPUZ\SH 9 3 *VU[LUNV JVK 4LYPKPLUUL + 3 *VU[LUNV JVK

+

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

*

+,:*90A065, +,:*907;065 +,:*907;065

+,:*90A065, +,:*907;065 +,:*907;065

5PTI\Z

,» WYVKV[[V KP ZLYPL JVU TH[LYHZZV ,_[YH -VHT :WLZZVYL JT

0S LZ[ MV\YUP[ Z[HUKHYK H]LJ ,_[YH -VHT KLOV\ZZHISL tWHPZZL\Y JT

0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ,_[YH -VHT TH[[YLZZ ;OPJRULZZ JT

0 YP]LZ[PTLU[P ZVUV JVTWSL[HTLU[L ZMVKLYHIPSP ;OL JV]LYZ HYL M\SS` YLTV]HISL 3LZ YL]v[LTLU[Z HYL JVTWSu[LTLU[ KtOV\ZZHISLZ

3H WLUPZVSH W\~ LZZLYL TVU[H[H ZPH H KLZ[YH JOL H ZPUPZ[YH ;OL 7LUPUZ\SH JHU IL WVZP[PVULK IV[O ZPKLZ VM [OL ZVMH 3H TtYPKPLUUL WL\[ v[YL TVU[tL H\ZZP IPLU n KYVP[L X\»n NH\JOL

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL 3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

3H WLUPZVSH u \U VW[PVUHS n YPJOPLZ[H ,ZZH KPZWVUL KP \U HTWPV JVU[LUP[VYL JVU ZVSSL]HTLU[V HZZPZ[P[V KH K\L TVSSL H NHZ ;OL 7LUPUZ\SH PZ HU VW[PVU VU YLX\LZ[ 0[ OHZ H IPN IV_ PUZPKL ^P[O HU [^PJL O`KYH\SPJ VWLUPUN Z`Z[LT 3H 4tYPKPLUUL LZ[ \U VW[PVU n KLTHUKLY ,SSL LZ[ tX\PWtL K»\U NYHUK JVMMYL H]LJ ZV\Su]LTLU[ WHY KL\_ ]tYPUZ O`KYH\SPX\LZ

0 WPLKP ZVUV PU SLNUV JVSVYL >LUNt ;OL MLL[ HYL PU ^VVKLU >LUNt 3LZ WPLKZ ZVU[ LU IVPZ JV\SL\Y >LUNt

5PTI\Z SL[[V \[PSL JT _ 5PTI\Z JT _ <ZLM\S ILK 5PTI\Z SP[ \[PSL JT _ 0S 4H[LYHZZV ,_[YH -VHT PU :[YL[JO [YHW\U[H[V ZMVKLYHIPSL ;OL ,_[YH -VHT TH[[YLZZ P[ PZ JV]LYLK ^P[O X\PS[LK YLTV]HISL :[YL[JO 3L TH[LSHZ ,_[YH -VHT 0S LZ[ YL]v[\ H]LJ SL :[YL[JO WPX\t KtOV\ZZHISL

5PTI\Z SL[[V \[PSL JT _ 5PTI\Z JT _ <ZLM\S ILK 5PTI\Z SP[ \[PSL JT _

7LY [YHZMVYTHYL PS KP]HUV SL[[V PU SL[[V u Z\MÃ&#x201E;JPLU[L \UH SLNNLYH [YHaPVUL KLSSV ZJOPLUHSL UVU J»u U\SSH KH ZWVZ[HYL P J\ZJPUP ZWHYPZJVUV ZV[[V SH YL[L 0U VYKLY [V [YHUZMVYT [OL ¸ZVMH¹ PU H ¸ILK¹ P[ PZ LUV\NO H SP[[SL [YHJ[PVU VM [OL IHJR ;OLYL PZ UV[OPUN [V YLTV]L HSS WPSSV^Z KPZHWWLHY \UKLY [OL UL[ MYHTL 7V\Y [YHUZMVYTLY SL JHUHWt LU SP[ PS Z\MÃ&#x201E;[ \UL StNuYL [YHJ[PVU K\ KVZZPLY ]LYZ S»H]HU[ 0S U»` H YPLU n KtWSHJLY SLZ JV\ZZPUHNLZ KPZWHYLZZLU[ ZV\Z SL ZVTTPLY

5PTI\Z SL[[V \[PSL JT _ 5PTI\Z JT _ <ZLM\S ILK 5PTI\Z SP[ \[PSL JT _

5LSSV ZJOPLUHSL [YV]HUV ZWHaPV K\L N\HUJPHSP 0UZPKL [OL IHJR `V\ JHU Ã&#x201E;UK [OL ZWHJL MVY [^V WPSSV^Z +HUZ SL KVZZPLY PSZ [YV\]LU[ SL\Y LZWHJL KL\_ VYLPSSLYZ

3V ZJOPLUHSL LK P IYHJJPVSP ZVUV Ã&#x201E;ZZH[P JVU PS ZPZ[LTH H ¸IHPVUL[[H¹ WLY \UH YHWPKH YPTVaPVUL ;OL IHJR HUK [OL HYTZ HYL Ã&#x201E;_LK ^P[O IH`VUL[ Q\UJ[PVUZ MVY H MHZ[ YLTV]PUN HJ[PVU 3LZ THUJOL[[LZ L[ SL KVZZPLY ZVU[ Ã&#x201E;_tZ n SH Z[Y\J[\YL H]LJ SL Z`Z[uTL WHY NSPZZPuYLZ WV\Y MHJPSP[LY SL\Y TVU[HNL L[ KtTVU[HNL

504)<: ;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P] 504)<: 3L[[V JVK 504)<: ZVMH ILK JVK *HUHWt 504)<: 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV 4LTVY` 0UJYLHZL MVY 4LTVY` TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ 4LTVY`

)

*

+

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P] 504)<: 3L[[V JVK 504)<: ZVMH ILK JVK *HUHWt 504)<: 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV 4LTVY` 0UJYLHZL MVY 4LTVY` TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ 4LTVY`

)

*

+

*

+

4HNNPVY WLY TH[LYHZZV 4LTVY` 0UJYLHZL MVY 4LTVY` TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ 4LTVY`

*

+

)

)

+P] 504)<: 3L[[V JVK 504)<: ZVMH ILK JVK *HUHWt 504)<: 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _

7LUPZVSH +? :? *VU[LUNV JVK 7LUPUZ\SH 9 3 *VU[LUNV JVK 4LYPKPLUUL + 3 *VU[LUNV JVK

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+,:*90A065, +,:*907;065 +,:*907;065

*VWWPH J\ZJPUP 8<(+96 JVK 7HPY 8<(+96 J\ZOPVUZ JVK 7HPY *V\ZZPUZ 8<(+96 JVK

+,:*90A065, +,:*907;065 +,:*907;065

)

*

+

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL 3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

*PYY\Z

<U K <U KLZPNU LZZ NU LZPN U K KLS KL LS WHZZ WHZZH[V WH HZZZH[ H[V [V JOL J L JO L SH SH H TVKH TV VK KH H YPZJVWYL YYPPZZJ JVW VWYL YL L L KP]LU[H KP]L P]L P] LU U[H [H TVKLYUV [H TVK VKL LYYUV UV L L H H[[\HSL [[[\ \H HSL SL <U H < <U HIIPUHTLU[V I PUHT II HTLU HT LU[V LU [V V PPKL PKLHSL KLHS KL H L L K KP KP P J JVUMVY[ VU UMV VY[[ L LK K L LS LSLNHUaH SLN LNH HU UaaH H J JVU VU V U SSH H W H WY WYH[PJP[n YH[ H[PJ PJP[ P[n KP K KP P \ \U U JVUMVY[L]VSL SL[[V JV J VUMMVY VY[L [ ]]V [L VSL L SL[ L[[ L[ [[V [V V

*PYY\Z¯ SH ZVS\aPVUL WLY P WYVISLTP KP ZWHaPV *PYY\Z¯ [OL ZVS\[PVU [V [OL ZWHJL WYVISLTZ *PYY\Z¯ SH ZVS\[PVU n =VZ WYVISuTLZ K»LZWHJL

5LSSV ZJOPLUHSL [YV]HUV ZWHaPV K\L N\HUJPHSP 0UZPKL [OL IHJR `V\ JHU ÄUK [OL ZWHJL MVY [^V WPSSV^Z +HUZ SL KVZZPLY PSZ [YV\]LU[ SL\Y LZWHJL KL\_ VYLPSSLYZ

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL 3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

,» WYVKV[[V KP ZLYPL JVU TH[LYHZZV ,_[YH -VHT YP]LZ[P[V PU Z[YL[JO [YHW\U[H[V ZMVKLYHIPSL :WLZZVYL JT

0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ,_[YH -VHT TH[[YLZZ JV]LYLK ^P[O X\PS[LK HUK YLTV]HISL Z[YL[JO ;OPJRULZZ JT

0S LZ[ MV\YUP[ Z[HUKHYK H]LJ TH[LSHZ ,_[YH -VHT YL]v[\ LU Z[YL[JO WPX\t KLOV\ZZHISL tWHPZZL\Y JT

7LY [YHZMVYTHYL PS KP]HUV SL[[V PU SL[[V u Z\MÃ&#x201E;JPLU[L \UH SLNNLYH [YHaPVUL KLSSV ZJOPLUHSL UVU J»u U\SSH KH ZWVZ[HYL P J\ZJPUP ZWHYPZJVUV ZV[[V SH YL[L 0U VYKLY [V [YHUZMVYT [OL ¸ZVMH¹ PU H ¸ILK¹ P[ PZ LUV\NO H SP[[SL [YHJ[PVU VM [OL IHJR ;OLYL PZ UV[OPUN [V YLTV]L HSS WPSSV^Z KPZHWWLHY \UKLY [OL UL[ MYHTL 7V\Y [YHUZMVYTLY SL JHUHWt LU SP[ PS Z\MÃ&#x201E;[ \UL StNuYL [YHJ[PVU K\ KVZZPLY ]LYZ S»H]HU[ 0S U»` H YPLU n KtWSHJLY SLZ JV\ZZPUHNLZ KPZWHYLZZLU[ ZV\Z SL ZVTTPLY

3H WLUPZVSH W\~ LZZLYL TVU[H[H ZPH H KLZ[YH JOL H ZPUPZ[YH ;OL 7LUPUZ\SH JHU IL WVZP[PVULK IV[O ZPKLZ VM [OL ZVMH 3H TtYPKPLUUL WL\[ v[YL TVU[tL H\ZZP IPLU n KYVP[L X\»n NH\JOL

*PYY\Z SL[[V \[PSL JT _ *PYY\Z JT _ <ZLM\S ILK *PYY\Z SP[ \[PSL JT _

,» WYVKV[[V KP ZLYPL JVU TH[LYHZZV ,_[YH -VHT YP]LZ[P[V PU Z[YL[JO [YHW\U[H[V ZMVKLYHIPSL :WLZZVYL JT 0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ,_[YH -VHT TH[[YLZZ JV]LYLK ^P[O X\PS[LK HUK YLTV]HISL Z[YL[JO ;OPJRULZZ JT 0S LZ[ MV\YUP[ Z[HUKHYK H]LJ TH[LSHZ ,_[YH -VHT YL]v[\ LU Z[YL[JO WPX\t KLOV\ZZHISL tWHPZZL\Y JT

3V ZJOPLUHSL LK P IYHJJPVSP ZVUV Ã&#x201E;ZZH[P JVU PS ZPZ[LTH H ¸IHPVUL[[H¹ WLY \UH YHWPKH YPTVaPVUL

*PYY\Z SL[[V \[PSL JT _ *PYY\Z JT _ <ZLM\S ILK *PYY\Z SP[ \[PSL JT _ *PYY\Z SP[ \[PSL JT _

;OL IHJR HUK [OL HYTZ HYL Ã&#x201E; _LK ^P[O IH`VUL[ Q\UJ[PVUZ MVY H MHZ[ YLTV]PUN HJ[PVU 3LZ THUJOL[[LZ L[ SL KVZ ZPLY ZVU[ Ã&#x201E;_LZ n SH Z[Y\J[\YL H]LJ SL Z`Z[uTL WHY NSPZZPuYLZ WV\Y MHJPSP[LY SL\Y TVU[HNL L[ KtTVU[HNL

*PYY\Z SL[[V \[PSL JT _ *PYY\Z JT _ <ZLM\S ILK *P SP[ [PS

*PYY\Z SP[ \[PSL JT _

0 YP]LZ[PTLU[P ZVUV JVTWSL[HTLU[L ZMVKLYHIPSP

3H WLUPZVSH u \U VW[PVUHS n YPJOPLZ[H ,ZZH KPZWVUL KP \U HTWPV JVU[LUP[VYL JVU ZVSSL]HTLU[V HZZPZ[P[V KH K\L TVSSL H NHZ

;OL JV]LYZ HYL M\SS` YLTV]HISL

;OL 7LUPUZ\SH PZ HU VW[PVU VU YLX\LZ[ 0[ OHZ H IPN IV_ PUZPKL ^P[O HU O`KYH\SPJ VWLUPUN Z`Z[LT 3H 4tYPKPLUUL LZ[ \UL VW[PVU n KLTHUKLY ,SSL LZ[ tX\PWtL K»\U NYHUK JVMMYL H]LJ ZV\Su]LTLU[ WHY KL\_ ]tYPUZ O`KYH\SPX\LZ

3LZ YL]v[LTLU[Z HYL JVTWSu[LTLU[ KtOV\ZZHISLZ

0 WPLKP ZVUV PU SLNUV JVSVYL >LUNt ;OL MLL[ HYL PU ^VVKLU >LUNt 3LZ WPLKZ ZVU[ LU IVPZ JV\SL\Y >LUNt

*099<: ;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P] *099<: 3L[[V JVK *099<: ZVMH ILK JVK *HUHWt *099<: 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV 4LTVY` 0UJYLHZL MVY 4LTVY` TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ 4LTVY`

)

*

+

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P] *099<: 3L[[V JVK *099<: ZVMH ILK JVK *HUHWt *099<: 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV 4LTVY` 0UJYLHZL MVY 4LTVY` TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ 4LTVY`

)

)

*

+

*VWWPH J\ZJPUP 8<(+96 JVK *V\WSL 8<(+96 J\ZOPVUZ JVK *V\WSL *V\ZZPUZ 8<(+96 JVK

)

*

+

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL 3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

)

*

+

+P] *099<: 3L[[V JVK *099<: ZVMH ILK JVK *HUHWt *099<: 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV 4LTVY` 0UJYLHZL MVY 4LTVY` TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ 4LTVY`

7LUPZVSH +? :? *VU[LUNV JVK 7LUPUZ\SH 9 3 *VU[LUNV JVK 4LYPKPLUUL + 3 *VU[LUNV JVK

+

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

*

+,:*90A065, +,:*907;065 +,:*907;065

+,:*90A065, +,:*907;065 +,:*907;065

7VS[YVUH *PYY\Z

,» WYVKV[[V KP ZLYPL JVU TH[LYHZZV ,_[YH -VHT YP]LZ[P[V PU Z[YL[JO [YHW\U[H[V ZMVKLYHIPSL :WLZZVYL JT

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV

0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ,_[YH -VHT TH[[YLZZ JV]LYLK ^P[O X\PS[LK HUK YLTV]HISL Z[YL[JO ;OPJRULZZ JT

;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL 0S LZ[ MV\YUP[ Z[HUKHYK H]LJ TH[LSHZ ,_[YH -VHT YL]v[\ LU Z[YL[JO WPX\t KLOV\ZZHISL tWHPZZL\Y JT

3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

7LY [YHZMVYTHYL SH WVS[YVUH PU SL[[V u Z\MÃ&#x201E;JPLU[L \UH SLNNLYH [YHaPVUL KLSSV ZJOPLUHSL UVU J»u U\SSH KH ZWVZ[HYL P J\ZJPUP ZWHYPZJVUV ZV[[V SH YL[L 0U VYKLY [V [YHUZMVYT [OL HYTJOHPY PU H ¸ILK¹ P[ PZ LUV\NO H SP[[SL [YHJ[PVU VM [OL IHJR ;OLYL PZ UV[OPUN [V YLTV]L HSS WPSSV^Z KPZHWWLHY \UKLY [OL UL[ MYHTL 7V\Y [YHUZMVYTLY SL MH\[L\PS LU SP[ PS Z\MÃ&#x201E;[ \UL SLNuYL [YHJ[PVU K\ KVZZPLY LU H]HU[ 0S U»` H YPLU n KtWSHJLY SLZ JV\ZZPUHNLZ KPZWHYLZZLU[ ZV\Z SL ZVTTPLY

*099<: WVS[YVUH +,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

7VS[YVUH *099<: JVK *099<: HYTJOHPY JVK -H\[L\PS *099<: JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _

)

4HNNPVY WLY TH[LYHZZV 4LTVY` 0UJYLHZL MVY 4LTVY` TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ 4LTVY`

*

+

3L TH[LSHZ ,_[YH -VHT LZ[ LU TV\ZZL ,YNVMVHT 0S LZ[ YL]v[\ H]LJ SL :[YL[JO WPX\t KtOV\ZZHISL 0S LZ[ Z[HUKHYK

0UZPKL [OL IHJR `V\ JHU Ã&#x201E;UK [OL ZWHJL MVY VUL WPSSV^

*VWWPH J\ZJPUP 8<(+96 JVK 7HPY 8<(+96 J\ZOPVUZ JVK 7HPY *V\ZZPUZ 8<(+96 JVK

;OL ¸*VUMVY[¹ TH[[YLZZ PU ,_[YH -VHT PZ JV]LYLK ^P[O X\PS[LK YLTV]HISL :[YL[JO 0[ PZ Z[HUKHYK

5LSSV ZJOPLUHSL [YV]H ZWHaPV PS N\HUJPHSL

0S 4H[LYHZZV ,_[YH -VHT PU ,YNVMVHT YP]LZ[P[V PU :[YL[JO [YHW\U[H[V ZMVKLYHIPSL u KP ZLYPL

+HUZ SL KVZZPLY PS [YV\]L ZVU LZWHJL \U VYLPSSLY )

*

+

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL 3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

7VS[YVUH )PQV\ L 7V\M ;HI )PQV\! .YHaPVZH L JVUMVY[L]VSL! \U MLSPJL HIIPUHTLU[V JVU [\[[P P UZ KP]HUP )PQV\! .YHJPL\ZL L[ JVUMVY[HISL! \UL OL\YL\ZL JVTIPUHPZVU H]LJ [V\Z UVZ JHUHWtZ )PQV\ ! .YHJLM\S HUK JVTMVY[HISL ! HU OHWW` JVTIPUH[PVU ^P[O HSS V\Y ZVMHZ

;HI !=LYZH[PSL L WYH[PJV! SL Z\L KPTLUZPVUP JVUZLU[VUV KP HIIPUHYSV V]\UX\L ;HI ! 7VS`]HSLU[ L[ WYH[PX\L! ZLZ KPTLUZPVUZ WLYTL[[LU[ KL SL JVTIPULY WHY[V\[ ;HI !=LYZH[PSL HUK WYHJ[PJHS! P[Z KPTLUZPVUZ HSSV^ [V IL JVTIPULK L]LY`^OLYL

3L JPUNOPL ZV[[V SH ZLK\[H HZZPJ\YHUV \U V[[PTV JVUMVY[ 3LZ ZHUNSLZ ZV\Z S»HZZPZL HZZ\YLU[ \U L_JLSSLU[ JVUMVY[ ;OL ILS[Z \UKLY [OL ZLH[ HZZ\YL HU L_JLSSLU[ JVTMVY[

)016< WVS[YVUH +,:*90A065, +,:*907;065 +,:*907;065 7VS[YVUH )016< JVK )016< HYTJOHPY JVK -H\[L\PS )016< JVK

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)

*

+

;()<» WV\M +,:*90A065, +,:*907;065 +,:*907;065 ;()<» WV\M JVK ;()<» WV\M JVK ;HI\» WV\M JVK

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)

*

+

0 YP]LZ[PTLU[P ZVUV ZMVKLYHIPSP 3LZ YL]v[LTLU[Z ZVU[ KtOV\ZZHISLZ ;OL JV]LYZ HYL M\SS` YLTV]HISL

(]HU[NHYKL +HRV[H +HRV[H :THSS WVS[YVUH +HRV[H 7PLYYV[ *LZZUH *LZZUH :THSS WVS[YVUH *LZZUH 6]LY 6]LY :THSS WVS[YVUH 6]LY WVS[YVUH 4H[PSKL

+HRV[H 3V ZJOPLUHSL ¸(S[V¹ JVU WVNNPH[LZ[H PUJVYWVYH[V HZZPJ\YH \U LJJLaPVUHSL JVUMVY[ ;OL ­(S[V® IHJRYLZ[ ^P[O P[Z OLHKYLZ[ LUZ\YLZ HU L_JLW[PVUHS JVUMVY[ 3L KVZZPLY ¸(S[V¹ H]LJ ZH [v[PuYL PUJS\L HZZ\YL \U L_JLW[PVUULS JVUMVY[

+HRV[H

<U LSLNHU[L KP]HUV <U LJJLaPVUHSL SL[[V <UH JVUMVY[L]VSL KVYTL\ZL <U WYH[PJV JVU[LUP[VYL

<U JHUHWt tStNHU[ <U SP[ L_JLW[PVUULS <UL KVYTL\ZL JVUMVY[HISL <U JVMMYL WYH[PX\L

(U LSLNHU[ ZVMH (U L_[YHVYKPUHY` ILK ` ( JVTMVY[HISL ZSLLWPUN ZVMH ( WYHJ[PJHS IV_

0 YP]LZ[PTLU[P ZVUV JVTWSL[HTLU[L ZMVKLYHIPSP 7LY [YHZMVYTHYL +HRV[H KH KP]HUV PU SL[[V u Z\MÄJPLU[L \UH SLNNLYH [YHaPVUL KLSSV ZJOPLUHSL UVU J»u U\SSH KH ZWVZ[HYL P J\ZJPUP ZWHYPZJVUV ZV[[V SH YL[L ;OL JV]LYZ HYL M\SS` YLTV]HISL 0U VYKLY [V [YHUZMVYT +HRV[H MYVT ¸:VMH¹ [V ¸ILK¹ P[ PZ LUV\NO H SP[[SL [YHJ[PVU VM [OL IHJR ;OLYL PZ UV[OPUN [V YLTV]L HSS WPSSV^Z KPZHWWLHY \UKLY [OL UL[ MYHTL 3LZ YL]v[LTLU[Z ZVU[ JVTWSu[LTLU[ KtOV\ZZHISLZ 7V\Y [YHUZMVYTLY +HRV[H KL ¸*HUHWt¹ n ¸SP[¹ PS Z\MÄ[ \UL StNuYL [YHJ[PVU K\ KVZZPLY LU S»H]HU[ PS U»` H YPLU n KtWSHJLY SLZ JV\ZZPUHNLZ KPZWHYLZZLU[ ZV\Z SL ZVTTPLY

,ยป MVYUP[V KP ZLYPL JVU TH[LYHZZV ,SHZ[ PU WVSP\YL[HUV LZWHUZV /9 YP]LZ[P[V PU JV[V UL [YHW\U[H[V ZMVKL YHIPSL ZWLZZVYL JT 0 J\ZJPUP X\HKYV ZVUV MVYUP[P KP ZLYPL

0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ยธ,SHZ[ยน TH[[YLZZ PU L_WHUKLK WVS`\YL[OHUL /9 JV]LYLK ^P[O X\PS[LK HUK YLTV]HISL JV[[VU ;OPJRULZZ JT ;OL X\HKYV J\ZOPVUZ HYL Z[HUKHYK Z\WWSPLK 0S LZ[ MV\YUP[ Z[HUKHYK H]LJ SL TH[LSHZ ,SHZ[ LU TV\ZZL KL 7VS`\YL[OHUL /9 YL]v[\ LU JV[VU WPX\t KLOV\ZZHISL ร WHPZZL\Y JT 3LZ JV\ZZPUZ 8\HKYV ZVU[ MV\YUPZ Z[HUKHYK

Dakota 160 letto utile cm 160x190 / Dakota 160 cm 160x190 Useful bed Dakota SP[ \[PSL JT _

Dakota 140 letto utile cm 140x190 / Dakota 140 cm 140x190 Useful bed Dakota SP[ \[PSL JT _

7LY [YHZMVYTHYL +HRV[H KH ยธKP]HUV PU SL[[Vยน u Z\Mร JPLU[L \UH SLNNLYH [YHaPVUL KLSSV ZJOPLUHSL UVU Jยปu U\SSH KH ZWVZ[HYL [\[[P P J\ZJPUP ZWHYPZJVUV ZV[[V SH YL[L 9L[L H THNSPL PU HJJPHPV LSL[[YVZHSKH[V 0U VYKLY [V [YHUZMVYT +HRV[H MYVT ยธZVMHยน [V ยธILKยน P[ PZ LUV\NO H SP[[SL [YHJ[PVU VM [OL IHJR ;OLYL PZ UV[OPUN [V YLTV]L HSS J\ZOPVUZ KPZHWWLHY \UKLY [OL UL[ MYHTL ,SLJ[YV ^LSKLK ^PYL ZWYPUNZ MYHTL 7V\Y [YHUZMVYTLY SL +HRV[H KL ยธJHUHWtยน n ยธSP[ยน PS LZ[ Z\Mร JPLU[ \UL StNuYL [YHJ[PVU K\ KVZZPLY PS Uยป` H YPLU n KtWSHJLY [V\Z SLZ JV\ZZPUHNLZ KPZWHYLZZLU[ ZV\Z SL ZVTTPLY 3L ZVTTPLY LZ[ LU THPSSLZ KยปHJPLY tSLJ[YVZV\KtLZ Dakota 120 letto utile cm 120x190 / Dakota 120 cm 120x190 Useful bed Dakota SP[ \[PSL JT _

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)

*

+

+P] +(26;( 3L[[V JVK +(26;( :VMH )LK JVK *HUHWt +(26;( 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

+

*

+

)

*

+

)

*

+

)

*

+

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

7LUPZVSH +? :? *VU[LUNV JVK 7LUPUZ\SH 9 3 *VU[LUNV JVK 4LYPKPLUUL + 3 *VU[LUNV JVK

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

+

)

*

)

+

*

)

*

+

)

+P] +(26;( *VU[LUNV JVK :VMH +(26;( JVU[LUNV JVK *HUHWt +(26;( JVU[LUNV JVK

(UNVSV +? :? *VU[LUNV JVK (UNSL 9PNO[ 3LM[ *VU[LUNV JVK (UNSL KYVP[ NH\JOL *VU[LUNV JVK

)

+

*

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

)

+P] +(26;( *VU[LUNV JVK :VMH +(26;( JVU[LUNV JVK *HUHWt +(26;( JVU[LUNV JVK

+P] +(26;( 3L[[V JVK +(26;( :VMH )LK JVK

*HUHWt +(26;( 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

+P] +(26;( *VU[LUNV JVK :VMH +(26;( JVU[LUNV JVK *HUHWt +(26;( JVU[LUNV JVK

+

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

*

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P] +(26;( 3L[[V JVK +(26;( :VMH )LK JVK *HUHWt +(26;( 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

)

*

+

)HZL +_ :_ SL[[V JVK )HZL 3 9 ILK JVK )HZL + . SP[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

+

*VWWPH J\ZJPUP +(26;( JVK *V\WSL +(26;( WPSSV^Z JVK *V\WSL *V\ZZPUZ +(26;( JVK

85

85

85

85

208

208

85

85

208

208

164

302

164

256

208

256

256

208

302

256

262

262

256

256

276

276

276

276

0S WYLaaV KLSSL JVTWVZPaPVUP ZP V[[LUNVUV ZVTTHUKV PS WYLaaV KLP ]HYP LSLTLU[P ;OL WYPJL VM [OL JVTWVZP[PVU PZ H]HPSHISL HKKPUN [OL WYPJL VM LHJO LSLTLU[ 3L WYP_ KLZ JVTWVZP[PVUZ LZ[ VI[LUPISL HKKP[PVUUHU[ SL WYP_ KLZ WS\ZPL\YZ tStTLU[Z

296

276

164

256

296

282

164

282

276

276

296

164

296

296

296

256

3L JVTWVZPaPVUP WVZZVUV LZZLYL TVU[H[L ZPH H KLZ[YH JOL H ZPUPZ[YH ;OL JVTWVZP[PVUZ JHU IL HZZLTISLK LP[OLY VU [OL YPNO[ VY VU [OL SLM[ 3LZ JVTWVZP[PVUZ WL\]LU[ v[YL TVU[tLZ H\ZZP IPLU n KYVP[L X\L n NH\JOL

296

276

296

+

3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

*VTIPUHaPVUP *VTIPUH[PVUZ *VTIPUHPZVUZ

*

;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL

)

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV

164

+(26;(

+,:*90A065, +,:*907;065 +,:*907;065

+HRV[H :THSS

7LY [YHZMVYTHYL +HRV[H :THSS KH ¸KP]HUV PU SL[[V¹ u Z\MÄJPLU[L \UH SLNNLYH [YHaPVUL KLSSV ZJOPLUHSL UVU J»u U\SSH KH ZWVZ[HYL [\[[P P J\ZJPUP ZWHYPZJVUV ZV[[V SH YL[L 9L[L H THNSPL PU HJJPHPV LSL[[YVZHSKH[V 0U VYKLY [V [YHUZMVYT +HRV[H :THSS MYVT ¸ZVMH¹ [V ¸ILK¹ P[ PZ LUV\NO H SP[[SL [YHJ[PVU VM [OL IHJR ;OLYL PZ UV[OPUN [V YLTV]L HSS J\ZOPVUZ KPZHWWLHY \UKLY [OL UL[ MYHTL ,SLJ[YV ^LSKLK ^PYL ZWYPUNZ MYHTL

7V\Y [YHUZMVYTLY SL +HRV[H :THSS KL ¸JHUHWt¹ n ¸SP[¹ PS LZ[ Z\MÄJPLU[ \UL StNuYL [YHJ[PVU K\ KVZZPLY PS U»` H YPLU n KtWSHJLY [V\Z SLZ JV\ZZPUHNLZ KPZWHYLZZLU[ ZV\Z SL ZVTTPLY 3L ZVTTPLY LZ[ LU THPSSLZ K»HJPLY tSLJ[YVZV\KtLZ

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)

*

+

+P] +(26;( :4(33 3L[[V JVK +(26;( :4(33 :VMH )LK JVK *HUHWt +(26;( :4(33 3P[ JVK

3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

)

*

+

)

*

+

*

+

*

+

7VS[YVUH +(26;( :4(33 JVU[LUNV JVK +(26;( :4(33 HYTJOHPY JVU[LUNV JVK -H\[L\PS +(26;( :4(33 JVU[LUNV JVK

)

*

+

266

286

298

85

85

85

85

258

198

286

270

246

270

298

286

198

198

246

246

246

0S WYLaaV KLSSL JVTWVZPaPVUP ZP V[[LUNVUV ZVTTHUKV PS WYLaaV KLP ]HYP LSLTLU[P ;OL WYPJL VM [OL JVTWVZP[PVU PZ H]HPSHISL HKKPUN [OL WYPJL VM LHJO LSLTLU[ 3L WYP_ KLZ JVTWVZP[PVUZ LZ[ VI[LUPISL HKKP[PVUUHU[ SL WYP_ KLZ WS\ZPL\YZ tStTLU[Z

164

198

246

246

164

246

266

266

198

3L JVTWVZPaPVUP WVZZVUV LZZLYL TVU[H[L ZPH H KLZ[YH JOL H ZPUPZ[YH ;OL JVTWVZP[PVUZ JHU IL HZZLTISLK LP[OLY VU [OL YPNO[ VY VU [OL SLM[ 3LZ JVTWVZP[PVUZ WL\]LU[ v[YL TVU[tLZ H\ZZP IPLU n KYVP[L X\L n NH\JOL

258

85

85

164

266

266

198

286

266

+

164

246

286

286

286

*

164

+

286

164

266

198

*

)

+

*VTIPUHaPVUP *VTIPUH[PVUZ *VTIPUHPZVUZ

)

*

)

0 J\ZJPUP +(26;( ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ +(26;( HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL 3LZ JV\ZZPUZ +(26;( ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

+

*VWWPH J\ZJPUP +(26;( JVK *V\WSL +(26;( WPSSV^Z JVK *V\WSL *V\ZZPUZ +(26;( JVK

286

*

)HZL +_ :_ SL[[V JVK )HZL 3 9 ILK JVK )HZL + . SP[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

)

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

+

7VS[YVUH +(26;( :4(33 SL[[V JVK +(26;( :4(33 HYTJOHPY ILK JVK -H\[L\PS +(26;( :4(33 SP[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

*

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

)

)

7LUPZVSH +? :? *VU[LUNV JVK 7LUPUZ\SH 9 3 *VU[LUNV JVK 4LYPKPLUUL + 3 *VU[LUNV JVK

+

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

+

+

*

+P] +(26;( :4(33 *VU[LUNV JVK :VMH +(26;( :4(33 JVU[LUNV JVK *HUHWt +(26;( :4(33 JVU[LUNV JVK

*

)

(UNVSV +? :? *VU[LUNV JVK (UNSL 9PNO[ 3LM[ *VU[LUNV JVK (UNSL KYVP[ NH\JOL *VU[LUNV JVK

*

)

+

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

*

+P] +(26;( :4(33 *VU[LUNV JVK ) :VMH +(26;( :4(33 JVU[LUNV JVK *HUHWt +(26;( :4(33 JVU[LUNV JVK

+P] +(26;( :4(33 *VU[LUNV JVK ) :VMH +(26;( :4(33 JVU[LUNV JVK *HUHWt +(26;( :4(33 JVU[LUNV JVK

+P] +(26;( :4(33 3L[[V JVK +(26;( :4(33 :VMH )LK JVK

*HUHWt +(26;( :4(33 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

+

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

*

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P] +(26;( :4(33 3L[[V JVK +(26;( :4(33 :VMH )LK JVK *HUHWt +(26;( :4(33 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

266

+(26;( :4(33

+,:*90A065, +,:*907;065 +,:*907;065

7VS[YVUH +HRV[H :THSS

3V ZJOPLUHSL ¸(S[V¹ JVU WVNNPH[LZ[H PUJVYWVYH[V HZZPJ\YH \U LJJLaPVUHSL JVUMVY[ ;OL ­(S[V® IHJRYLZ[ ^P[O P[Z OLHKYLZ[ LUZ\YLZ HU L_JLW[PVUHS JVUMVY[ 3L KVZZPLY ¸(S[V¹ H]LJ ZH [v[PuYL PUJS\L HZZ\YL \U L_JLW[PVUULS JVUMVY[

0 J\ZJPUP +(26;( ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ +(26;( HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL 3LZ JV\ZZPUZ +(26;( ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

,ยป MVYUP[V KP ZLYPL JVU TH[LYHZZV ,SHZ[ PU WVSP\YL[HUV LZWHUZV /9 YP]LZ[P[V PU JV[VUL [YHW\U[H[V ZMVKLYHIPSL ZWLZZVYL JT 0 J\ZJPUP +HRV[H ZVUV MVYUP[P KP ZLYPL 0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ยธ,SHZ[ยน TH[[YLZZ PU L_WHUKLK WVS`\YL[OHUL /9 JV]LYLK ^P[O X\PS[LK HUK YLTV]HISL JV[[VU ;OPJRULZZ JT ;OL +HRV[H J\ZOPVUZ HYL Z[HUKHYK Z\WWSPLK 0S LZ[ MV\YUP[ Z[HUKHYK H]LJ SL TH[LSHZ ,SHZ[ LU TV\ZZL KL 7VS`\YL[OHUL /9 YL]v[\ LU JV[VU WPX\t KLOV\ZZHISL ร WHPZZL\Y JT 3LZ JV\ZZPUZ +HRV[H ZVU[ MV\YUPZ Z[HUKHYK 7LY [YHZMVYTHYL SH WVS[YVUH SL[[V PU SL[[V u Z\Mร JPLU[L \UH SLNNLYH [YHaPVUL KLSSV ZJOPLUHSL UVU Jยปu U\SSH KH ZWVZ[HYL P J\ZJPUP ZWHYPZJVUV ZV[[V SH YL[L 0U VYKLY [V [YHUZMVYT [OL HYTJOHPY PU H ยธILKยน P[ PZ LUV\NO H SP[[SL [YHJ[PVU VM [OL IHJR ;OLYL PZ UV[OPUN [V YLTV]L HSS WPSSV^Z KPZHWWLHY \UKLY [OL UL[ MYHTL 7V\Y [YHUZMVYTLY SL MH\[L\PS LU SP[ PS Z\Mร [ \UL SLNuYL [YHJ[PVU K\ KVZZPLY LU H]HU[ 0S Uยป` H YPLU n KtWSHJLY SLZ JV\ZZPUHNLZ KPZWHYLZZLU[ ZV\Z SL ZVTTPLY

+(26;( :4(33 WVS[YVUH +,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

7VS[YVUH +(26;( :4(33 SL[[V JVK +(26;( :4(33 HYTJOHPY ILK JVK -H\[L\PS +(26;( :4(33 SP[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

+

*VWWPH J\ZJPUP +(26;( JVK 7HPY +(26;( J\ZOPVUZ JVK 7HPY *V\ZZPUZ +(26;( JVK

)

*

+

)

*

+

7VS[YVUH +(26;( :4(33 JVU[LUNV JVK +(26;( :4(33 HYTJOHPY JVU[LUNV JVK -H\[L\PS +(26;( :4(33 JVU[LUNV JVK

0 J\ZJPUP +(26;( ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ +(26;( HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMHยปZ IHZL 3LZ JV\ZZPUZ +(26;( ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

7PLYYV[ <U KLZPNU K\ WHZZt X\L SH TVKL YLKtJV\]YL LU SL YLUKHU[ TVKLYUL L[ HJ[\LS <UL JVTIPUHPZVU PKtHSL KL JVUMVY[ L[ tStNHUJL H]LJ SL JHYHJ[uYL K»\U JVUMVY[HISL SP[

<U KLZPNU KLS WHZZH[V JOL SH TVKH YPZJVWYL L KP]LU[H TVKLYUV L H[[\HSL <U HIIPUHTLU[V PKLHSL KP JVUMVY[ LK LSLNHUaH JVU SH WYH[PJP[n KP \U JVUMVY[L]VSL SL[[V ( KLZPNU MYVT [OL WHZ[ KPZJV]LYLK HNHPU I` [OL MHZOPVU [OH[ THRLZ P[ TVKLYU HUK HJ[\HS (U PKLHS JVTIPUH[PVU VM JVTMVY[ HUK LSLNHUJL ^P[O [OL JOHYHJ[LYPZ[PJ VM H JVTMVY[HISL ILK

7PLYYV[

<U LSLNHU[L KP]HUV <U LJJLaPVUHSL SL[[V <UH JVUMVY[L]VSL KVYTL\ZL MVY[L]VSL KVYTL\ZL <U WYH[PJV JVU[LUP[VYL JV JVU[LUP[VYL

(U LSLNHU[ ZVMH (U L_[YHVYKPUHY` ILK ( JVTMVY[HISL ZSLLWPUN ZVMH ( WYHJ[PJHS IV_

<U JHUHWt tStNHU[ <U SP[ L_JLW[PVUULS <UL KVYTL\ZL JVUMVY[HISL <U JVMMYL WYH[PX\L

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL 3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

7PLYYV[ SL[[V \[PSL JT _ 7PLYYV[ JT _ <ZLM\S ILK 7PLYYV[ SP[ \[PSL JT _

7LY [YHZMVYTHYL 7PLYYV[ KH ยธKP]HUV PU SL[[Vยน u Z\Mร JPLU[L \UH SLNNLYH [YHaPVUL KLSSV ZJOPLUHSL UVU Jยปu U\SSH KH ZWVZ[HYL [\[[P P J\ZJPUP ZWHYPZJVUV ZV[[V SH YL[L 9L[L H THNSPL PU HJJPHPV LSL[[YVZHSKH[V 0U VYKLY [V [YHUZMVYT 7PLYYV[ MYVT ยธZVMHยน [V ยธILKยน P[ PZ LUV\NO H SP[[SL [YHJ[PVU VM [OL IHJR ;OLYL PZ UV[OPUN [V YLTV]L HSS J\ZOPVUZ KPZHWWLHY \UKLY [OL UL[ MYHTL ,SLJ[YV ^LSKLK ^PYL ZWYPUNZ MYHTL 7V\Y [YHUZMVYTLY SL 7PLYYV[ KL ยธJHUHWtยน n ยธSP[ยน PS LZ[ Z\Mร JPLU[ \UL StNuYL [YHJ[PVU K\ KVZZPLY PS Uยป` H YPLU n KtWSHJLY [V\Z SLZ JV\ZZPUHNLZ KPZWHYLZZLU[ ZV\Z SL ZVTTPLY 3L ZVTTPLY LZ[ LU THPSSLZ KยปHJPLY tSLJ[YVZV\KtLZ

0 IYHJJPVSP L SV ZJOPLUHSL ZVUV ร ZZH[P HSSH Z[Y\[[\YH JVU ZPZ[LTH ยธ)HPVUL[[Hยน WLY MHJPSP[HYUL SH YPTVaPVUL ,ยป MVYUP[V KP ZLYPL JVU TH[LYHZZV ,SHZ[ PU 7VSP\YL[HUV ,ZWHUZV YP]LZ[P[V PU JV[VUL [YHW\U[H[V ZMVKLYHIPSL ZWLZZVYL JT

7PLYYV[ SL[[V \[PSL JT _ 7PLYYV[ JT _ <ZLM\S ILK 7PLYYV[ SP[ \[PSL JT _

;OL HYTZ HUK [OL IHJR HYL ร _LK H[ [OL THPU MYHTL ^P[O [OL )H`VUL[ 1\UJ[PVU :`Z[LT PU VYKLY [V MHJPSP[H [L [OL YLTV]PUN HJ[PVU 0[ PZ Z[HUKHYK Z\WWSPLK ^P[O [OL ,SHZ[ TH[[YLZZ PU L_WHUKLK WVS`\YL[OHUL MVHT JV ]LYLK ^P[O X\PS[LK YLTV]HISL JV]LY [OPJRULZZ JT

3LZ HJJVKVPYZ ZVU[ ร _tZ n SH Z[Y\J [\YL WHY KLZ NSPZZPuYLZ X\P WLY TL[[LU[ \U MHJPSL KtWSHJLTLU[ 0S LZ[ MV\YUPZ Z[HUKHYK H]LJ SL 4H[LSHZ ,SHZ[ LU TV\ZZL KL WVS`\YL[OHUL YL]v[\ LU JV[VU WPX\t KtOV\ZZHISL tWHPZZL\Y JT

7PLYYV[ SL[[V \[PSL JT _ 7PLYYV[ JT _ <ZLM\S ILK 7PLYYV[ SP[ \[PSL JT _

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)

*

+

+P] 70,996; 3L[[V JVK 70,996; :VMH )LK JVK *HUHWt 70,996; 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

+

*

+

)

*

)

*

+

*

)

+

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

+

*

7LUPZVSH +? :? *VU[LUNV JVK 7LUPUZ\SH 9 3 *VU[LUNV JVK 4LYPKPLUUL + 3 *VU[LUNV JVK

+

)

)

*

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

)

*

)

+

+

+P] 70,996; *VU[LUNV JVK :VMH 70,996; JVU[LUNV JVK *HUHWt 70,996; JVU[LUNV JVK

*

(UNVSV +? :? *VU[LUNV JVK (UNSL 9PNO[ 3LM[ *VU[LUNV JVK (UNSL KYVP[ NH\JOL *VU[LUNV JVK

)

+

*

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

)

+P] 70,996; *VU[LUNV JVK :VMH 70,996; JVU[LUNV JVK *HUHWt 70,996; JVU[LUNV JVK

+P] 70,996; 3L[[V JVK 70,996; :VMH )LK JVK

*HUHWt 70,996; 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

+P] 70,996; *VU[LUNV JVK :VMH 70,996; JVU[LUNV JVK *HUHWt 70,996; JVU[LUNV JVK

+

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

*

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P] 70,996; 3L[[V JVK 70,996; :VMH )LK JVK *HUHWt 70,996; 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

)

*

+

)HZL +_ :_ SL[[V JVK )HZL 3 9 ILK JVK )HZL + . SP[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

85

85 85

164

85

85

210

210

306

164

258

210

306

258

258

258

210

210

278

258

210

258

85

0S WYLaaV KLSSL JVTWVZPaPVUP ZP V[[LUNVUV ZVTTHUKV PS WYLaaV KLP ]HYP LSLTLU[P ;OL WYPJL VM [OL JVTWVZP[PVU PZ H]HPSHISL HKKPUN [OL WYPJL VM LHJO LSLTLU[ 3L WYP_ KLZ JVTWVZP[PVUZ LZ[ VI[LUPISL HKKP[PVUUHU[ SL WYP_ KLZ WS\ZPL\YZ tStTLU[Z

298

278

85

266 164

164

164

266

278

278

286

278

258

298

286

278

298

3L JVTWVZPaPVUP WVZZVUV LZZLYL TVU[H[L ZPH H KLZ[YH JOL H ZPUPZ[YH ;OL JVTWVZP[PVUZ JHU IL HZZLTISLK LP[OLY VU [OL YPNO[ VY VU [OL SLM[ 3LZ JVTWVZP[PVUZ WL\]LU[ v[YL TVU[tLZ H\ZZP IPLU n KYVP[L X\L n NH\JOL

298

278

298

298

298

258

278

298

+

3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

*VTIPUHaPVUP *VTIPUH[PVUZ *VTIPUHPZVUZ

*

;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL

)

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV

*VWWPH J\ZJPUP 8<(+96 JVK *V\WSL 8<(+96 WPSSV^Z JVK *V\WSL *V\ZZPUZ 8<(+96 JVK

+

164

70,996;

+,:*90A065, +,:*907;065 +,:*907;065

*LZZUH

-PUP[\YL KP WYLNPV L J\YH KLP WHY[PJVSHYP /PNOLZ[ Ã&#x201E;UPZOPUNZ HUK JHYL MVY [OL KL[HPSZ -PUPZZHNLZ [YuZ YHMÃ&#x201E;UtZ L[ ZVPU KLZ WHY[PJ\SPLYZ

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV

;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL 3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

*LZZUH

,ยป MVYUP[V KP ZLYPL JVU TH[LYHZZV ,SHZ[ PU WVSP\YL[HUV LZWHUZV /9 YP]L Z[P[V PU JV[VUL [YHW\U[H[V ZMVKLYHIP SL ZWLZZVYL JT 0 J\ZJPUP X\HKYV ZVUV MVYUP[P KP ZLYPL

0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ยธ,SHZ[ยน TH[[YLZZ PU L_WHUKLK WVS`\YL[OHUL /9 JV]LYLK ^P[O X\PS[LK HUK YLTV]HISL JV[[VU ;OPJRULZZ JT ;OL X\HKYV J\ZOPVUZ HYL Z[HUKHYK Z\WWSPLK 0S LZ[ MV\YUP[ Z[HUKHYK H]LJ SL TH[LSHZ ,SHZ[ LU TV\ZZL KL 7VS`\YL[OHUL /9 YL]v[\ LU JV[VU WPX\t KLOV\ZZHISL ร WHPZZL\Y JT 3LZ JV\ZZPUZ 8\HKYV ZVU[ MV\YUPZ Z[HUKHYK

0 YP]LZ[PTLU[P ZVUV JVTWSL[HTLU[L ZMVKLYHIPSP 7LY [YHZMVYTHYL *LZZUH KH KP]HUV PU SL[[V u Z\Mร JPLU[L \UH SLNNLYH [YHaPVUL KLSSV ZJOPLUHSL UVU Jยปu U\SSH KH ZWVZ[HYL P J\ZJPUP ZWHYPZJVUV ZV[[V SH YL[L ;OL JV]LYZ HYL M\SS` YLTV]HISL 0U VYKLY [V [YHUZMVYT *LZZUH MYVT ยธ:VMHยน [V ยธILKยน P[ PZ LUV\NO H SP[[SL [YHJ[PVU VM [OL IHJR ;OLYL PZ UV[OPUN [V YLTV]L HSS WPSSV^Z KPZHWWLHY \UKLY [OL UL[ MYHTL 3LZ YL]v[LTLU[Z ZVU[ JVTWSu[LTLU[ KtOV\ZZHISLZ 7V\Y [YHUZMVYTLY Sยป*LZZUH KL ยธ*HUHWtยน n ยธSP[ยน PS Z\Mร [ \UL StNuYL [YHJ[PVU K\ KVZZPLY LU SยปH]HU[ PS Uยป` H YPLU n KtWSHJLY SLZ JV\ZZPUHNLZ KPZWHYLZZLU[ ZV\Z SL ZVTTPLY

*LZZUH u MVYUP[V KP ZLYPL JVU TH[LYHZZV ¸,SHZ[¹ ZWLZZVYL JT PU WVSP\YL[HUV LZWHUZV /9 PUKLMVYTHIPSL YP]LZ[P[V PU JV[VUL [YHW\U[H[V ZMVKLYHIPSL 0S TH[LYHZZV ¸*VUMVY[¹ PU ,YNVMVHT YP]LZ[P[V PU :[YLJO [YHW\U[H[V ZMVKLYHIPSL u \U VW[PVUHS MVYUP[V H YPJOPLZ[H 3H YL[L u H THNSPL LSL[[YVZHSKH[L

*LZZUH SL[[V \[PSL JT _ *LZZUH JT _ <ZLM\S ILK *LZZUH SP[ \[PSL JT _

*LZZUH PZ Z[HUKHYK Z\WWSPLK ^P[O ,SHZ[ TH[[YLZZ [OPJRULZZ JT THKL ^P[O PUKLMVYTHISL /9 L_WHUKLK WVS`\YL[OHUL MVHT JV]LYLK ^P[O X\PS[LK YLTV]HISL JV[[VU ;OL ¸*VUMVY[¹ TH[[YLZZ PZ PU ,YNVMVHT 0[ PZ JV]LYLK ^P[O H X\PS[LK YLTV]HISL :[YLJO ;OL *VUMVY[ TH[[YLZZ PZ HU VW[PVUHS VU YLX\LZ[ ;OL UL[ MYHTL PZ THKL PU LSLJ[YV ^LSKLK Z[LLS *LZZUH LZ[ MV\YUP[ Z[HUKHYK H]LJ SL TH[LSHZ ¸,SHZ[¹ tWHPZZL\Y JT LU TV\ZZL KL WVS`\Yt[OHUL /9 PUKtMVYTHISL YL]v[\ LU JV[VU WPX\t L[ KtOV\ZZHISL 3L TH[LSHZ *VUMVY[ LZ[ LU ,YNVMVHT YL]v[\ LU JV[VU :[YLJO WPX\t L[ KtOV\ZZHISL 0S LZ[ \U VW[PVUULS n KLTHUKLY 3L ZVTTPLY LZ[ LU THPSSLZ LU HJPLY tSLJ[YVZV\KtLZ

*LZZUH SL[[V \[PSL JT _ *LZZUH JT _ <ZLM\S ILK *LZZUH SP[ \[PSL JT _

*LZZUH! 3V ZJOPLUHSL LK P IYHJJPVSP ZVUV Ã&#x201E;ZZH[P JVU PS ZPZ[LTH H ¸)(065,;;(¹ WLY \UH YHWPKH YPTVaPVUL *LZZUH! ;OL IHJR HUK [OL HYTZ HYL Ã&#x201E;_LK ^P[O IH`VUL[ Q\UJ[PVUZ MVY H MHZ[ YLTV]PUN HJ[PVU 3LZ THUJOL[[LZ L[ SL KVZZPLY ZVU[ Ã&#x201E;_tZ n SH Z[Y\J[\YL H]LJ SL Z`Z[uTL WHY ­ NSPZZPuYLZ ® WV\Y MHJPSP[LY SL\Y TVU[HNL L[ KtTVU[HNL

*LZZUH SL[[V \[PSL JT _ *LZZUH JT _ <ZLM\S ILK *LZZUH SP[ \[PSL JT _

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)

*

+

+P] *,::5( 3L[[V JVK *,::5( :VMH )LK JVK *HUHWt *,::5( 3P[ JVK

3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

+

*

+

*

+

)

*

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

)

)

+P] *,::5( *VU[LUNV JVK :VMH *,::5( JVU[LUNV JVK *HUHWt *,::5( JVU[LUNV JVK

)

*

+

+

*

)

*

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

+

7LUPZVSH +? :? *VU[LUNV JVK 7LUPUZ\SH 9 3 *VU[LUNV JVK 4LYPKPLUUL + 3 *VU[LUNV JVK

)

)

+

+

(UNVSV +? :? *VU[LUNV JVK (UNSL 9PNO[ 3LM[ *VU[LUNV JVK (UNSL KYVP[ NH\JOL *VU[LUNV JVK

*

+

)

*

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

)

+P] *,::5( *VU[LUNV JVK :VMH *,::5( JVU[LUNV JVK *HUHWt *,::5( JVU[LUNV JVK

+P] *,::5( 3L[[V JVK *,::5( :VMH )LK JVK

*HUHWt *,::5( 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

+P] *,::5( *VU[LUNV JVK :VMH *,::5( JVU[LUNV JVK *HUHWt *,::5( JVU[LUNV JVK

+

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

*

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P] *,::5( 3L[[V JVK *,::5( :VMH )LK JVK *HUHWt *,::5( 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

)

*

+

)HZL +_ :_ SL[[V JVK )HZL 3 9 ILK JVK )HZL + . SP[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

+

85

85

256 208

208

85

85

208

208

302 164

164

256

208

256

302

256

256

256

208

276

276

276

262

0S WYLaaV KLSSL JVTWVZPaPVUP ZP V[[LUNVUV ZVTTHUKV PS WYLaaV KLP ]HYP LSLTLU[P ;OL WYPJL VM [OL JVTWVZP[PVU PZ H]HPSHISL HKKPUN [OL WYPJL VM LHJO LSLTLU[ 3L WYP_ KLZ JVTWVZP[PVUZ LZ[ VI[LUPISL HKKP[PVUUHU[ SL WYP_ KLZ WS\ZPL\YZ tStTLU[Z

296

276

164

85

262 164

256

296

276

276

3L JVTWVZPaPVUP WVZZVUV LZZLYL TVU[H[L ZPH H KLZ[YH JOL H ZPUPZ[YH ;OL JVTWVZP[PVUZ JHU IL HZZLTISLK LP[OLY VU [OL YPNO[ VY VU [OL SLM[ 3LZ JVTWVZP[PVUZ WL\]LU[ v[YL TVU[tLZ H\ZZP IPLU n KYVP[L X\L n NH\JOL

296

276

282 164

256

296

296

296

282

85

3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

296

276

+

296

*

;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL

*VTIPUHaPVUP *VTIPUH[PVUZ *VTIPUHPZVUZ

)

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV

*VWWPH J\ZJPUP 8<(+96 JVK *V\WSL 8<(+96 WPSSV^Z JVK *V\WSL *V\ZZPUZ 8<(+96 JVK

164

*,::5(

+,:*90A065, +,:*907;065 +,:*907;065

*LZZUH :THSS

0U VYKLY [V [YHUZMVYT *LZZUH :THSS MYVT ยธZVMHยน [V ยธILKยน P[ PZ LUV\NO H SP[[SL [YHJ[PVU VM [OL IHJR ;OLYL PZ UV[OPUN [V YLTV]L HSS J\ZOPVUZ KPZHWWLHY \UKLY [OL UL[ MYHTL ,SLJ[YV^LSKLK ^PYL ZWYPUNZ MYHTL

7V\Y [YHUZMVYTLY SL *LZZUH :THSS KL ยธJHUHWtยน n ยธSP[ยน PS LZ[ Z\Mร JPLU[ \UL StNuYL [YHJ[PVU K\ KVZZPLY PS Uยป` H YPLU n KtWSHJLY [V\Z SLZ JV\ZZPUHNLZ KPZWHYLZZLU[ ZV\Z SL ZVTTPLY 3L ZVTTPLY LZ[ LU THPSSLZ KยปHJPLY tSLJ[YVZV\KtLZ

,ยป MVYUP[V KP ZLYPL JVU TH[LYHZZV ,SHZ[ PU WVSP\YL[HUV LZWHUZV /9 YP]LZ[P[V PU JV[VUL [YHW\U[H[V ZMVKLYHIPSL ZWLZZVYL JT 0 J\ZJPUP X\HKYV ZVUV MVYUP[P KP ZLYPL

0S LZ[ MV\YUP[ Z[HUKHYK H]LJ SL TH[LSHZ ,SHZ[ LU TV\ZZL KL 7VS`\YL[OHUL /9 YL]v[\ LU JV[VU WPX\t KLOV\ZZHISL ร WHPZZL\Y JT 3LZ JV\ZZPUZ 8\HKYV ZVU[ MV\YUPZ Z[HUKHYK

7LY [YHZMVYTHYL *LZZUH :THSS KH ยธKP]HUV PU SL[[Vยน u Z\Mร JPLU[L \UH SLNNLYH [YHaPVUL KLSSV ZJOPLUHSL UVU Jยปu U\SSH KH ZWVZ[HYL [\[[P P J\ZJPUP ZWHYPZJVUV ZV[[V SH YL[L 9L[L H THNSPL PU HJJPHPV LSL[[YVZHSKH[V

0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ยธ,SHZ[ยน TH[[YLZZ PU L_WHUKLK WVS`\YL[OHUL /9 JV]LYLK ^P[O X\PS[LK HUK YLTV]HISL JV][[VU ;OPJRULZZ JT ;OL X\HKYV J\ZOPVUZ HYL Z[HUKHYK Z\WWSPLK

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)

*

+

+P] *,::5( :4(33 3L[[V JVK *,::5( :4(33 :VMH )LK JVK *HUHWt *,::5( :4(33 3P[ JVK

3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

+

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

(UNVSV +? :? *VU[LUNV JVK (UNSL 9PNO[ 3LM[ *VU[LUNV JVK (UNSL KYVP[ NH\JOL *VU[LUNV JVK

)

*

+

*

+

)

*

)

*

+

*

+

)

*

+

7VS[YVUH *,::5( :4(33 JVU[LUNV JVK *,::5( :4(33 HYTJOHPY JVU[LUNV JVK -H\[L\PS *,::5( :4(33 JVU[LUNV JVK

)

*

+

278

258

198

286

278

298

198

198

246

286

266

286

298

0S WYLaaV KLSSL JVTWVZPaPVUP ZP V[[LUNVUV ZVTTHUKV PS WYLaaV KLP ]HYP LSLTLU[P ;OL WYPJL VM [OL JVTWVZP[PVU PZ H]HPSHISL HKKPUN [OL WYPJL VM LHJO LSLTLU[ 3L WYP_ KLZ JVTWVZP[PVUZ LZ[ VI[LUPISL HKKP[PVUUHU[ SL WYP_ KLZ WS\ZPL\YZ tStTLU[Z

246

286

246

198

198

266

3L JVTWVZPaPVUP WVZZVUV LZZLYL TVU[H[L ZPH H KLZ[YH JOL H ZPUPZ[YH ;OL JVTWVZP[PVUZ JHU IL HZZLTISLK LP[OLY VU [OL YPNO[ VY VU [OL SLM[ 3LZ JVTWVZP[PVUZ WL\]LU[ v[YL TVU[tLZ H\ZZP IPLU n KYVP[L X\L n NH\JOL

266

266

246

266

258

164

246

286

164

198

164

246

246

198

246

294

294

294

+

164

266

266

*

+

*VTIPUHaPVUP *VTIPUH[PVUZ *VTIPUHPZVUZ

)

*

)

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL 3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

286

+

*VWWPH J\ZJPUP 8<(+96 JVK *V\WSL 8<(+96 WPSSV^Z JVK *V\WSL *V\ZZPUZ 8<(+96 JVK

164

*

)HZL +_ :_ SL[[V JVK )HZL 3 9 ILK JVK )HZL + . SP[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

+

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

)

7VS[YVUH *,::5( :4(33 SL[[V JVK *,::5( :4(33 HYTJOHPY ILK JVK -H\[L\PS *,::5( :4(33 SP[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

*

7LUPZVSH +? :? *VU[LUNV JVK 7LUPUZ\SH 9 3 *VU[LUNV JVK 4LYPKPLUUL + 3 *VU[LUNV JVK

)

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

+

)

+P] *,::5( :4(33 *VU[LUNV JVK :VMH *,::5( :4(33 JVU[LUNV JVK *HUHWt *,::5( :4(33 JVU[LUNV JVK

)

+

*

164

)

+

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

*

)

+P] *,::5( :4(33 *VU[LUNV JVK :VMH *,::5( :4(33 JVU[LUNV JVK *HUHWt *,::5( :4(33 JVU[LUNV JVK

+P] *,::5( :4(33 3L[[V JVK *,::5( :4(33 :VMH )LK JVK

*HUHWt *,::5( :4(33 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

+P] *,::5( :4(33 *VU[LUNV JVK :VMH *,::5( :4(33 JVU[LUNV JVK *HUHWt *,::5( :4(33 JVU[LUNV JVK

+

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

*

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P] *,::5( :4(33 3L[[V JVK *,::5( :4(33 :VMH )LK JVK *HUHWt *,::5( :4(33 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

266

*,::5( :4(33

+,:*90A065, +,:*907;065 +,:*907;065

85

85

85

85

85

85

7VS[YVUH *LZZUH :THSS 0S 4H[LYHZZV ,_[YH -VHT PU ,YNVMVHT YP]LZ[P[V PU :[YL[JO [YHW\U[H[V ZMVKLYHIPSL u \U VW[PVUHS H YPJOPLZ[H ;OL ¸*VUMVY[¹ TH[[YLZZ PU ,_[YH -VHT PZ JV]LYLK ^P[O X\PS[LK YLTV]HISL :[YL[JO 0[ PZ HU VW[PVUHS 3L TH[LSHZ ,_[YH -VHT LZ[ LU TV\ZZL ,YNVMVHT 0S LZ[ YL]v[\ H]LJ SL :[YL[JO WPX\t KtOV\ZZHISL 0S LZ[ \UL VW[PVU

5LSSV ZJOPLUHSL [YV]H ZWHaPV PS N\HUJPHSL 0UZPKL [OL IHJR `V\ JHU Ã&#x201E;UK [OL ZWHJL MVY VUL WPSSV^

0S 4H[LYHZZV ,_[YH -VHT PU ,YNVMVHT YP]LZ[P[V PU :[YL[JO [YHW\U[H[V ZMVKLYHIPSL u \U VW[PVUHS H YPJOPLZ[H

+HUZ SL KVZZPLY PS [YV\]L ZVU LZWHJL \U VYLPSSLY

;OL ¸*VUMVY[¹ TH[[YLZZ PU ,_[YH -VHT PZ JV]LYLK ^P[O X\PS[LK YLTV]HISL :[YL[JO 0[ PZ HU VW[PVUHS 3L TH[LSHZ ,_[YH -VHT LZ[ LU TV\ZZL ,YNVMVHT 0S LZ[ YL]v[\ H]LJ SL :[YL[JO WPX\t KtOV\ZZHISL 0S LZ[ \UL VW[PVU

7LY [YHZMVYTHYL SH WVS[YVUH SL[[V PU SL[[V u Z\Mร JPLU[L \UH SLNNLYH [YHaPVUL KLSSV ZJOPLUHSL UVU Jยปu U\SSH KH ZWVZ[HYL P J\ZJPUP ZWHYPZJVUV ZV[[V SH YL[L 0U VYKLY [V [YHUZMVYT [OL HYTJOHPY PU H ยธILKยน P[ PZ LUV\NO H SP[[SL [YHJ[PVU VM [OL IHJR ;OLYL PZ UV[OPUN [V YLTV]L HSS WPSSV^Z KPZHWWLHY \UKLY [OL UL[ MYHTL 7V\Y [YHUZMVYTLY SL MH\[L\PS LU SP[ PS Z\Mร [ \UL SLNuYL [YHJ[PVU K\ KVZZPLY LU H]HU[ 0S Uยป` H YPLU n KtWSHJLY SLZ JV\ZZPUHNLZ KPZWHYLZZLU[ ZV\Z SL ZVTTPLY ,ยป MVYUP[V KP ZLYPL JVU TH[LYHZZV ,SHZ[ PU WVSP\YL[HUV LZWHUZV /9 YP]LZ[P[V PU JV[VUL [YHW\U[H[V ZMVKLYHIPSL ZWLZZVYL JT WLZZVYL JT JT 0 J\ZJPUP X\HKYV ZVUV MVYUP[P KP ZLYPL 0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ยธ,SHZ[ยน TH[[YLZZ PU L_WHUKLK WVS`\YL[OHUL U L_WHUK KLK WVS`\YL[OHUL KLK WVS`\YL[OHUL /9 JV]LYLK ^P[O X\PS[LK HUK YLTV]HISL JV[[VU ;OPJRULZZ JT ULZZ JT ;OL X\HKYV J\ZOPVUZ HYL Z[HUKHYK Z\WWSPLK 0S LZ[ MV\YUP[ Z[HUKHYK H]LJ SL TH[LSHZ ,SHZ[ LU TV\ZZL KL 7VS`\YL[OHUL KL 7VS`\YL[OHUL /9 YL]v[\ LU JV[VU WPX\t KLOV\ZZHISL ร WHPZZL\Y JT T 3LZ JV\ZZPUZ 8\HKYV ZVU[ MV\YUPZ Z[HUKHYK

*,::5( :4(33 WVS[YVUH +,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

7VS[YVUH *,::5( :4(33 SL[[V JVK *,::5( :4(33 HYTJOHPY ILK JVK -H\[L\PS *,::5( :4(33 SP[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

+

*VWWPH J\ZJPUP 8<(+96 JVK 7HPY 8<(+96 J\ZOPVUZ JVK 7HPY *V\ZZPUZ 8<(+96 JVK

)

*

+

)

*

+

7VS[YVUH *,::5( :4(33 JVU[LUNV JVK *,::5( :4(33 HYTJOHPY JVU[LUNV JVK -H\[L\PS *,::5( :4(33 JVU[LUNV JVK

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMHยปZ IHZL 3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

6]LY

Classico e moderno, elegante e pratico è il divano letto di tutti e per tutti.

Un vero divano che contiene un grande e confortevole letto sempre pronto. Over è rifinito perfettamente anche posteriormente.

Classic and Modern, elegant and pratical, it is the sofa bed for all and everyone.

A true sofa which contains a big and comfortable bed always ready.

Over is perfecty finished also on its back side.

Classique et moderne, élégant et pratique, il est le canapé de tous et pour tous.

Un vrai canapé qui renferme un grand et confortable lit toujours prêt à être utilisé.

Over, très achevé même sur son dossier.

Un programma completo componibile di divani letto, divani “contengo” angoli e penisole.

A complete program including sofa-beds, sofas “contengo”, angles and peninsulas.

Un programme complet qui se compose de canapés-lits, canapés “contengo”, angles et meridiénnes.

L’elemento angolo e a penisola sono contenitori The elements angle and peninsula, are boxes Les éléments angle et meridiénne, sont coffres

Sotto la seduta... un capiente contenitore Under the sit..... A big box Sous l’assise.... Un grand coffre

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL 3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

Per trasformare Over da â&#x20AC;&#x153;divano in lettoâ&#x20AC;? è sufficiente una leggera trazione dello schienale, non câ&#x20AC;&#x2122;è nulla da spostare tutti i cuscini spariscono sotto la rete. Rete a maglie in acciaio elettrosaldate.

In order to transform Over from â&#x20AC;&#x153;Sofaâ&#x20AC;? to â&#x20AC;&#x153;bedâ&#x20AC;? it is enough a little traction of the back. There is nothing to remove, all pillows disappear under the net frame.

Electro-welded wire springs frame.

Pour transformer le Over de â&#x20AC;&#x153;canapĂŠâ&#x20AC;? en â&#x20AC;&#x153;litâ&#x20AC;? il est sufficient une lĂŠgère traction du dossier en lâ&#x20AC;&#x2122;avant. Il nâ&#x20AC;&#x2122;y a rien Ă dĂŠplacer, tous les coussinages disparessent sous le sommier. Le sommier est en mailles ĂŠlectrosoudĂŠes.

Over 160 letto utile cm 160x190 / Over 160 cm 160x190 Useful bed Over SP[ \[PSL JT _

,Âť MVYUP[V KP ZLYPL JVU TH[LYHZZV ,SHZ[ PU WVSP\YL[HUV LZWHUZV YP]LZ[P[V PU JV[V UL [YHW\U[H[V ZMVKLYHIPSL / JT 0[ PZ Z[HUKHYK Z\WWSPLK ^P[O [OL ,SHZ[ TH[[YLZZ PU L_WHUKLK WVS`\YL[OHUL MVHT JV]LYLK ^P[O X\PS[LK YLTV]HISL JV]LY / JT

Over 140 letto utile cm 140x190 / Over 140 cm 140x190 Useful bed Over SP[ \[PSL JT _

0S LZ[ MV\YUP[ Z[HUKHYK H]LJ SL 4H[LSHZ ,SHZ[ LU TV\ZZL KL WVS`\YL[OHUL YL]v[\ LU JV[VU WPX\t KtOV\ZZHISL / JT

Over! 3V ZJOPLUHSL LK P IYHJJPVSP ZVUV Ă&#x201E;ZZH[P JVU PS ZPZ[LTH H ¸)(065,;;(š WLY \UH YHWPKH YPTVaPVUL Over! ;OL IHJR HUK [OL HYTZ HYL Ă&#x201E;_LK ^P[O IH`VUL[ Q\UJ[PVUZ MVY H MHZ[ YLTV]PUN HJ[PVU

Over 120 letto utile cm 120x190 / Over 120 cm 120x190 Useful bed Over SP[ \[PSL JT _

3LZ THUJOL[[LZ L[ SL KVZZPLY ZVU[ Ă&#x201E;_tZ n SH Z[Y\J[\YL H]LJ SL Z`Z[uTL WHY ­ NSPZZPuYLZ ÂŽ WV\Y MHJPSP[LY SL\Y TVU[HNL L[ KtTVU[HNL

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P] 6=,9 3L[[V JVK 6=,9 :VMH )LK JVK *HUHWt 6=,9 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

+

+P] 6=,9 3L[[V JVK 6=,9 :VMH )LK JVK *HUHWt 6=,9 3P[ JVK

3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

)

*

+

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

(UNVSV +? :? *VU[LUNV JVK (UNSL 9PNO[ 3LM[ *VU[LUNV JVK (UNSL KYVP[ NH\JOL *VU[LUNV JVK

)

*

+

)

*

+

)

*

)

*

+

+

*

)

*

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

+

7LUPZVSH +? :? *VU[LUNV JVK 7LUPUZ\SH 9 3 *VU[LUNV JVK 4LYPKPLUUL + 3 *VU[LUNV JVK

)

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

+

)

+P] 6=,9 *VU[LUNV JVK :VMH 6=,9 JVU[LUNV JVK *HUHWt 6=,9 JVU[LUNV JVK

+

+

*

*

)

+P] 6=,9 *VU[LUNV JVK :VMH 6=,9 JVU[LUNV JVK *HUHWt 6=,9 JVU[LUNV JVK

+P] 6=,9 *VU[LUNV JVK :VMH 6=,9 JVU[LUNV JVK *HUHWt 6=,9 JVU[LUNV JVK

+P] 6=,9 3L[[V JVK 6=,9 :VMH )LK JVK

*HUHWt 6=,9 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

+

*

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

)

*

+

)HZL +_ :_ SL[[V JVK )HZL 3 9 ILK JVK )HZL + . SP[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

258

206

85

85

85

85

85

85

206

254

206

254

254

254

206

206

254

258

274

164

274

278

274

164

164

278

274

294

294

298 164

298

254

294

274

274

274

294

294

294

294

254

274

0S WYLaaV KLSSL JVTWVZPaPVUP ZP V[[LUNVUV ZVTTHUKV PS WYLaaV KLP ]HYP LSLTLU[P ;OL WYPJL VM [OL JVTWVZP[PVU PZ H]HPSHISL HKKPUN [OL WYPJL VM LHJO LSLTLU[ 3L WYP_ KLZ JVTWVZP[PVUZ LZ[ VI[LUPISL HKKP[PVUUHU[ SL WYP_ KLZ WS\ZPL\YZ tStTLU[Z

206

254

3L JVTWVZPaPVUP WVZZVUV LZZLYL TVU[H[L ZPH H KLZ[YH JOL H ZPUPZ[YH ;OL JVTWVZP[PVUZ JHU IL HZZLTISLK LP[OLY VU [OL YPNO[ VY VU [OL SLM[ 3LZ JVTWVZP[PVUZ WL\]LU[ v[YL TVU[tLZ H\ZZP IPLU n KYVP[L X\L n NH\JOL

164

294

+

3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

*VTIPUHaPVUP *VTIPUH[PVUZ *VTIPUHPZVUZ

*

;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL

)

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV

*VWWPH J\ZJPUP 8<(+96 JVK *V\WSL 8<(+96 WPSSV^Z JVK *V\WSL *V\ZZPUZ 8<(+96 JVK

+

164

6=,9

+,:*90A065, +,:*907;065 +,:*907;065

6]LY :THSS

7LY [YHZMVYTHYL 6]LY :THSS KH ยธKP]HUV PU SL[[Vยน u Z\Mร JPLU[L \UH SLNNLYH [YHaPVUL KLSSV ZJOPLUHSL UVU Jยปu U\SSH KH ZWVZ[HYL [\[[P P J\ZJPUP ZWHYPZJVUV ZV[[V SH YL[L 9L[L H THNSPL PU HJJPHPV LSL[[YVZHSKH[V

0U VYKLY [V [YHUZMVYT 6]LY :THSS MYVT ยธZVMHยน [V ยธILKยน P[ PZ LUV\NO H SP[[SL [YHJ[PVU VM [OL IHJR ;OLYL PZ UV[OPUN [V YLTV]L HSS J\ZOPVUZ KPZHWWLHY \UKLY [OL UL[ MYHTL ,SLJ[YV^LSKLK ^PYL ZWYPUNZ MYHTL

7V\Y [YHUZMVYTLY SL 6]LY :THSS KL ยธJHUHWtยน n ยธSP[ยน PS LZ[ Z\Mร JPLU[ \UL StNuYL [YHJ[PVU K\ KVZZPLY PS Uยป` H YPLU n KtWSHJLY [V\Z SLZ JV\ZZPUHNLZ KPZWHYLZZLU[ ZV\Z SL ZVTTPLY 3L ZVTTPLY LZ[ LU THPSSLZ KยปHJPLY tSLJ[YVZV\KtLZ

,ยป MVYUP[V KP ZLYPL JVU TH[LYHZZV ,SHZ[ PU WVSP\YL[HUV LZWHUZV /9 YP]LZ[P[V PU JV[VUL [YHW\U[H[V ZMVKLYHIPSL ZWLZZVYL JT 0 J\ZJPUP X\HKYV ZVUV MVYUP[P KP ZLYPL

0S LZ[ MV\YUP[ Z[HUKHYK H]LJ SL TH[LSHZ ,SHZ[ LU TV\ZZL KL 7VS`\YL[OHUL /9 YL]v[\ LU JV[VU WPX\t KLOV\ZZHISL ร WHPZZL\Y JT 3LZ JV\ZZPUZ 8\HKYV ZVU[ MV\YUPZ Z[HUKHYK

0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ยธ,SHZ[ยน TH[[YLZZ PU L_WHUKLK WVS`\YL[OHUL /9 JV]LYLK ^P[O X\PS[LK HUK YLTV]HISL JV[[VU ;OPJRULZZ JT ;OL X\HKYV J\ZOPVUZ HYL Z[HUKHYK Z\WWSPLK

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)

*

+

+P] 6=,9 :4(33 3L[[V JVK 6=,9 :4(33 :VMH )LK JVK *HUHWt 6=,9 :4(33 3P[ JVK

3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

+

*

+

*

*

+

+

+

7VS[YVUH 6=,9 :4(33 JVU[LUNV JVK 6=,9 :4(33 HYTJOHPY JVU[LUNV JVK -H\[L\PS 6=,9 :4(33 JVU[LUNV JVK

)

*

+

298

85

85

85

85

258

198

286

278

198

198

246

278

298

266

286

286

0S WYLaaV KLSSL JVTWVZPaPVUP ZP V[[LUNVUV ZVTTHUKV PS WYLaaV KLP ]HYP LSLTLU[P ;OL WYPJL VM [OL JVTWVZP[PVU PZ H]HPSHISL HKKPUN [OL WYPJL VM LHJO LSLTLU[ 3L WYP_ KLZ JVTWVZP[PVUZ LZ[ VI[LUPISL HKKP[PVUUHU[ SL WYP_ KLZ WS\ZPL\YZ tStTLU[Z

246

266

246

198

198

266

3L JVTWVZPaPVUP WVZZVUV LZZLYL TVU[H[L ZPH H KLZ[YH JOL H ZPUPZ[YH ;OL JVTWVZP[PVUZ JHU IL HZZLTISLK LP[OLY VU [OL YPNO[ VY VU [OL SLM[ 3LZ JVTWVZP[PVUZ WL\]LU[ v[YL TVU[tLZ H\ZZP IPLU n KYVP[L X\L n NH\JOL

286

246

266

*

258

85

85

164

266

164

198

164

246

286

246

198

246

246

294

294

294

164

266

266

+

+

*VTIPUHaPVUP *VTIPUH[PVUZ *VTIPUHPZVUZ

*

*

)

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMH»Z IHZL 3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

286

)

*VWWPH J\ZJPUP 8<(+96 JVK *V\WSL 8<(+96 WPSSV^Z JVK *V\WSL *V\ZZPUZ 8<(+96 JVK

164

)

*

+

)HZL +_ :_ SL[[V JVK )HZL 3 9 ILK JVK )HZL + . SP[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

+

7VS[YVUH 6=,9 :4(33 SL[[V JVK 6=,9 :4(33 HYTJOHPY ILK JVK -H\[L\PS 6=,9 :4(33 SP[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

)

*

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

+

)

7LUPZVSH +? :? *VU[LUNV JVK 7LUPUZ\SH 9 3 *VU[LUNV JVK 4LYPKPLUUL + 3 *VU[LUNV JVK

)

+

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

)

*

)

+

)

+P] 6=,9 :4(33 *VU[LUNV JVK :VMH 6=,9 :4(33 JVU[LUNV JVK *HUHWt 6=,9 :4(33 JVU[LUNV JVK

*

(UNVSV +? :? *VU[LUNV JVK (UNSL 9PNO[ 3LM[ *VU[LUNV JVK (UNSL KYVP[ NH\JOL *VU[LUNV JVK

164

)

+

)HZL +_ :_ *VU[LUNV JVK )HZL 3 9 JVU[LUNV JVK )HZL + . JVU[LUNV JVK

*

)

+P] 6=,9 :4(33 *VU[LUNV JVK :VMH 6=,9 :4(33 JVU[LUNV JVK *HUHWt 6=,9 :4(33 JVU[LUNV JVK

+P] 6=,9 :4(33 3L[[V JVK 6=,9 :4(33 :VMH )LK JVK

*HUHWt 6=,9 :4(33 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT

0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

+P] 6=,9 :4(33 *VU[LUNV JVK :VMH 6=,9 :4(33 JVU[LUNV JVK *HUHWt 6=,9 :4(33 JVU[LUNV JVK

+

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

*

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P] 6=,9 :4(33 3L[[V JVK 6=,9 :4(33 :VMH )LK JVK *HUHWt 6=,9 :4(33 3P[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

266

6=,9 :4(33

+,:*90A065, +,:*907;065 +,:*907;065

7VS[YVUH 6]LY :THSS

7LY [YHZMVYTHYL SH WVS[YVUH PU SL[[V u Z\Mร JPLU[L \UH SLNNLYH [YHaPVUL KLSSV ZJOPLUHSL UVU Jยปu U\SSH KH ZWVZ[HYL P J\ZJPUP ZWHYPZJVUV ZV[[V SH YL[L 0U VYKLY [V [YHUZMVYT [OL HYTJOHPY PU H ยธILKยน P[ PZ LUV\NO H SP[[SL [YHJ[PVU VM [OL IHJR ;OLYL PZ UV[OPUN [V YLTV]L HSS WPSSV^Z KPZHWWLHY \UKLY [OL UL[ MYHTL 7V\Y [YHUZMVYTLY SL MH\[L\PS LU SP[ PS Z\Mร [ \UL SLNuYL [YHJ[PVU K\ KVZZPLY LU H]HU[ 0S Uยป` H YPLU n KtWSHJLY SLZ JV\ZZPUHNLZ KPZWHYLZZLU[ ZV\Z SL ZVTTPLY

,ยป MVYUP[V KP ZLYPL JVU TH[LYHZZV ,SHZ[ PU WVSP\YL[HUV LZWHUZV /9 YP]LZ[P[V PU JV[VUL [YHW\U[H[V ZMVKLYHIPSL ZWLZZVYL JT 0 J\ZJPUP X\HKYV ZVUV MVYUP[P KP ZLYPL

0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ยธ,SHZ[ยน TH[[YLZZ PU L_WHUKLK WVS`\YL[OHUL /9 JV]LYLK ^P[O X\PS[LK HUK YLTV]HISL JV[[VU ;OPJRULZZ JT ;OL X\HKYV J\ZOPVUZ HYL Z[HUKHYK Z\WWSPLK

6=,9 :4(33 WVS[YVUH +,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

7VS[YVUH 6=,9 :4(33 SL[[V JVK *,::5( 6=,9 HYTJOHPY ILK JVK -H\[L\PS 6=,9 :4(33 SP[ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

+

*VWWPH J\ZJPUP 8<(+96 JVK 7HPY 8<(+96 J\ZOPVUZ JVK 7HPY *V\ZZPUZ 8<(+96 JVK

)

*

+

)

*

+

7VS[YVUH 6=,9 :4(33 JVU[LUNV JVK 6=,9 :4(33 HYTJOHPY JVU[LUNV JVK -H\[L\PS 6=,9 :4(33 JVU[LUNV JVK

0 J\ZJPUP 8<(+96 ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL KLS KP]HUV ;OL J\ZOPVUZ 8<(+96 HYL HS^H`Z PU [OL ZHTL MHIYPJ VM [OL ZVMHยปZ IHZL 3LZ JV\ZZPUZ 8<(+96 ZVU[ [V\QV\YZ K\ TLTL [PZZ\ KL SH Z[Y\J[\YL K\ JHUHWt

0S LZ[ MV\YUP[ Z[HUKHYK H]LJ SL TH[LSHZ ,SHZ[ LU TV\ZZL KL 7VS`\YL[OHUL /9 YL]v[\ LU JV[VU WPX\t KLOV\ZZHISL ร WHPZZL\Y JT 3LZ JV\ZZPUZ 8\HKYV ZVU[ MV\YUPZ Z[HUKHYK

7VS[YVUH 4H[PSKL

+LZPNU LZZLUaPHSL KPTLUZPVUP JVU[LU\[L ZP HIIPUH HP TVKLSSP KLS WYVNYHTTH (]HU[NHYKL L 4H[YP_ ,ZZLU[PHS +LZPNU ZTHSS KPTLUZPVUZ [V IL JVTIPULK ^P[O [OL (]HU[NHYKL HUK 4H[YP_ TVKLS ZVMHZ

+LZPNU LZZLU[PLS KPTLUZPVUZ YtK\P[LZ ,SSL ZL JVTIPUL H\_ TVKLSZ K\ WYVNYHTTL (]HU[NHYKL L[ 4H[YP_

0 WPLKP ZVUV PU SLNUV JVSVY >LUNt ;OL MLL[ HYL >VVKLU >LUNt JVSVY 3LZ WPLKZ ZVU[ LU IVPZ JV\SL\Y >LUNt

,» JVTWSL[HTLU[L ZMVKLYHIPSL 0[ PZ M\SS` YLTV]HISL ,SSL LZ[ JVTWSu[LTLU[ KtOV\ZZHISL

4(;03+, WVS[YVUH +,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)

*

+

7VS[YVUH 4(;03+, JVK 4(;03+, HYTJOHPY JVK -H\[L\PS 4(;03+, JVK

+V\ISL SP[ 3LZ .PNVNULZ

*SPTI =LYVSL[[V 4PKKSL +\WSL_

*SPTI

,» PS KP]HUV KVWWPV SL[[V H[[\HSL L ]LYZH[PSL ,» KP]HUV u SL[[V TH[YPTVUPHSL u KVWWPV SL[[V ZPUNVSV 0S ZLJVUKV SL[[V u KV[H[V KP \U TLJJHUPZTV WLY PS ZVSSL]HTLU[V H\[VTH[PJV

3L [YHW\U[L YLHSPaaH[L JVU [LZZ\[P PU HS[LaaH YPJOPLKVUV \UH J\JP[\YH KP NP\UaPVUL ;OL JV]LYZ WYVK\JLK ^P[O MHIYPJZ OPNO ULLK H QVPU[ ZL^PUN

0[ PZ [OL HJ[\HS HUK ]LYZH[PSL :VMH +V\ISL )LK! P[ PZ :VMH P[ PZ H +V\ISL )LK P[ PZ [^V ZPUNSL ILKZ ;OL ZLJVUK ILK PZ LX\PWWLK ^P[O H TLJOHUPZT MVY [OL H\[VTH[PJ SPM[PUN

3LZ JV\L[[LZ YtHSPZtZ H]LJ SLZ [PZZ\Z LU OH\[L\Y UtJLZZP[LU[ \UL JV\[\YL KL QVUJ[PVU

0S LZ[ SL JHUHWt SP[ NPNVNUL HJ[\LS L[ WYH[PX\L 3L JHUHWt LZ[ IPLU H\ZZP \U KV\ISL SP[ V\ KL\_ SP[ PUKP]PK\LSZ 3L KL\_PuTL SP[ LZ[ KV\t K»\UL TtJHUPX\L H\[VTH[PX\L WV\Y SL ZV\Su]LTLU[ K\ ZVTTPLY H\ TvTL UP]LH\ K\ WYLTPLY

3L YL[P ZVUV H KVNOL P YP]LZ[PTLU[P ZVUV JVTWSL[HTLU[L ZMVKLYHIPSP

;OL UL[ MYHTLZ HYL PU ^VVKLU ZSH[Z [OL JV]LYZ HYL M\SS` YLTV]HISL

3V ZJOPLUHSL LK P IYHJJPVSP ZVUV ÄZZH[P JVU PS ZPZ[LTH H ¸IHPVUL[[H¹ WLY \UH YHWPKH YPTVaPVUL

;OL HYTZ HUK [OL IHJR HYL Ä_LK [V [OL THPU MYHTL ^P[O [OL )H`VUL[ 1\UJ[PVU :`Z[LT MVY H MHZ[ YLTV]PUN HJ[PVU

3LZ ZVTTPLYZ ZVU[ LU SH[[LZ LU IVPZ SLZ OV\ZZLZ ZVU[ JVTWSu[LTLU[ KtOV\ZZHISLZ 3L KVZZPLY L[ SLZ THUJOL[[LZ ZVU[ Ä_tZ n SH Z[Y\J[\YL H]LJ SL Z`Z[uTL WHY NSPZZPuYLZ WV\Y \U YHWPKL KtTVU[HNL

*SPTI u KPZWVUPIPSL HUJOL PU ]LYZPVUL JHZZL[[V LZ[YHPIPSL L SL[[V ZPUNVSV *SPTI PZ H]HPSHISL HSZV ^P[O [OL L_[YHJ[HISL KYH^LY HUK ZPUNSL ILK *SPTI LZ[ KPZWVUPISL H\ZZP LU ]LYZPVU JVMMYL n L_[YHJ[PVU L[ SP[ PUKP]PK\LS

,» MVYUP[V KP ZLYPL JVU TH[LYHZZP ,SHZ[ PU 7VSP\YL[HUV LZWHUZV /9 YP]LZ[P[P PU [LZZ\[V

JV[VUL [YHW\U[H[V ZMVKLYHIPSL ZWLZZVYL JT

*SPTI +,:*90A065, +,:*907;065 +,:*907;065

;OPZ WYVK\J[ PZ Z[HUKHYK Z\WWSPLK ^P[O ¸,SHZ[¹ TH[[YLZZ PU L_WHUKLK WVS`\YL[OHUL JV]LYLK ^P[O X\PS[LK HUK YLTV ]HISL JV[[VU [OPJRULZZ JT

0S LZ[ MV\YUP[ Z[HUKHYK H]LJ SLZ TH[LSHZ ,SHZ[ LU TV\ZZL KL WVS`\Yt[OHUL YL]v[\Z LU [PZZ\ JV[VU WPX\t L[ KtOV\ZZHISL tWHPZZL\Y JT

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+VWWPVSL[[V *304) JVK *304) +V\ISL )LK JVK 3P[ .PNVNUL *304) JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _

)

+

90

90

210

4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

*

82

95

210

180

*304) SL[[V ZPUNVSV JVU[LUP[VYL JVK *304) ZPUNSL ILK IV_ JVK *304) SP[ PUKP]PK\LS JVMMYL JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _

)

90

90

210

+

210

4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

*

95 90

=LYVSL[[V

=LYVSL[[V! Ï \U KVWWPV SL[[V Ï \U SL[[V TH[YPTVUPHSL Ï \U ]LYV SL[[V =LYVSL[[V! 0[»Z H [^PJL ILK 0[»Z H KV\ISL ILK 0[»Z H [Y\L ILK =LYVSL[[V LZ[ \U JHUHWt SP[ NPNVNUL PS LZ[ \U KV\ISL SP[ PS LZ[ \U ]YHP SP[ 0S ZLJVUKV SL[[V u KV[H[V KP \U TLJJHUPZTV WLY PS ZVSSL]HTLU[V H\[VTH[PJV 3L YL[P ZVUV H KVNOL 0 YP]LZ[PTLU[P ZVUV JVTWSL[H TLU[L ZMVKLYHIPSP

3L [YHW\U[L YLHSPaaH[L JVU [LZZ\[P PU HS[LaaH YPJOPLKVUV \UH J\JP[\YH KP NP\UaPVUL

;OL ZLJVUK ILK PZ LX\PWWLK ^P[O H TLJOHUPZT MVY [OL H\[VTH[PJ SPM[PUN ;OL UL[ MYHTLZ HYL PU ^VVKLU ZSH[Z ;OL JV]LYZ HYL JVTWSL[LS` YLTV]HISL

;OL JV]LYZ WYVK\JLK ^P[O MHIYPJZ OPNO ULLK H QVPU[ ZL^PUN

3L KL\_PuTL SP[ LZ[ KV\t K»\UL TtJHUPX\L H\[VTH[PX\L WV\Y SL ZV\Su]LTLU[ K\ ZVTTPLY H\ TvTL UP]LH\ K\ WYLTPLY 3LZ ZVTTPLYZ ZVU LU SH[[LZ LU IVPZ 3LZ OV\ZZLZ ZVU[ JVTWSu[LTLU[ KtOV\ZZHISLZ

3LZ JV\L[[LZ YtHSPZtZ H]LJ SLZ [PZZ\Z LU OH\[L\Y UtJLZZP[LU[ \UL JV\[\YL KL QVUJ[PVU

0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ,SHZ[ TH[[YLZZLZ PU L_WHUKLK WVS`\YL[OHUL /9 JV]LYLK PU X\PS[LK YLTV]HISL JV[[VU O JT *VUMVY[ TH[[YLZZLZ HYL VW[PVUHS" [OL` HYL PU WVS`\YL[OHUL ,YNVMVHT /9 JV]LYLK PU X\PS[LK YLTV]HISL Z[YLJO

,» WYVKV[[V KP ZLYPL JVU TH[LYHZZP ,SHZ[ PU WVSP\YL[HUV LZWHUZV /9 YP]LZ[P[V PU JV[VUL [YHW\U[H[V ZMVKLYHIPSL O JT 0 TH[LYHZZP *VUMVY[ ZVUV VW[PVUHS MVYUP[P H YPJOPLZ[H" ZVUV PU WVSP\YL[HUV ,YNVMVHT PUKLMVYTHIPSL /9 YP]LZ[P[V PU Z[YLJO [YHW\U[H[V ZMVKLYHIPSL

0S LZ[ WYVK\P[ Z[HUKHYK H]LJ TH[LSHZ ,SHZ[ LU TV\ZZL KL WVS`\Yt[OHUL /9 YL]v[\ LU JV[VU KtOV\ZZHISL O JT 3LZ TH[LSHZ *VUMVY[ ZVU[ VW[PVUULSZ n KLTHUKLY" ZVU[ LU TV\ZZL KL WVS`\Yt[OHUL ,YNVMVHT PUKtMVYTHISL /9 YL]v[\ LU Z[YLJO WPX\t L[ KtOV\ZZHISL

=LYVSL[[V u KPZWVUPIPSL HUJOL PU ]LYZPVUL JHZZL[[V LZ[YHPIPSL L SL[[V ZPUNVSV =LYVSL[[V H]HPSHISL HSZV PU SH[LYHS [YHUZSH[PVU IV_ HUK ZPUNSL ILK =LYVSL[[V LZ[ KPZWVUPISL TvTL LU ]LYZPVU JVMMYL n L_[YHJ[PVU L[ SL SP[ PUKP]PK\LS

=LYVSL[[V +,:*90A065, +,:*907;065 +,:*907;065 +VWWPVSL[[V =,963,;;6 JVK =,963,;;6 +V\ISL )LK JVK 3P[ .PNVNUL =,963,;;6 JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)

+

201

4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

*

180

4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

+

201

=,963,;;6 SL[[V ZPUNVSV JVU[LUP[VYL JVK =,963,;;6 ZPUNSL ILK IV_ JVK =,963,;;6 SP[ PUKP]PK\LS JVMMYL JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _

90

4PKKSL 40++3,! \U ILS KP]HUV \U I\VU SL[[V ZPUNVSV \U NYHUKL SL[[V TH[YPTVUPHSL K\L JVTVKP SL[[P ZPUNVSP \U SL[[V ZPUNVSV L \U JHZZL[[V

40++3, H ILH\[PM\S ZVMH H NVVK ZPUNSL ILK H IPN KV\ISL ILK [^V JVTMVY[HISL ZPUNSL ILKZ H ZPUNSL ILK HUK H IV_

40++3,! \U ILH\ JHUHWt \U ILH\ SP[ PUKP]PK\LS \U NYHUK SP[ KV\ISL KL\_ JVUMVY[HISLZ SP[Z PUKP]PK\LSZ \U SP[ PUKP]PK\LS L[ \U JVMMYL

0 YP]LZ[PTLU[P ZVUV ZMVKLYHIPSP ;OL JV]LYZ HYL M\SS` YLTV]HISL 3LZ OV\ZZLZ ZVU[ KtOV\ZZHISLZ 4PKKSL u KPZWVUPIPSL HUJOL PU ]LYZPVUL JHZZL[[V LZ[YHPIPSL L SL[[V ZPUNVSV 4PKKSL PZ HSZV H]HPSHISL ^P[O L_[YHJ[HISL KYH^LY HUK ZPUNSL ILK 4PKKSL LZ[ KPZWVUPISL H\ZZP LU ]LYZPVU JVMMYL n L_[YHJ[PVU L[ SP[ PUKP]PK\LS 3L [YHW\U[L YLHSPaaH[L JVU [LZZ\[P PU HS[LaaH YPJOPLKVUV \UH J\JP[\YH KP NP\UaPVUL ;OL JV]LYZ WYVK\JLK ^P[O MHIYPJZ OPNO ULLK H QVPU[ ZL^PUN 3LZ JV\L[[LZ YtHSPZtZ H]LJ SLZ [PZZ\Z LU OH\[L\Y UtJLZZP[LU[ \UL JV\[\YL KL QVUJ[PVU

4PKKSL! PS ZLJVUKV SL[[V WVZPaPVUH[V ZV[[V SH ZLK\[H JVUZLU[L KP YLHSPaaHYL K\L SL[[P ZPUNVSP V \U SL[[V TH [YPTVUPHSL 4PKKSL! [OL ZLJVUK ILK WVZP[PVULK \UKLY [OL ZLH[ HS SV^Z [V JHYY` V\[ [^V ZPUNSL ILKZ VY H KV\ISL ILK 3L KL\_PuTL SP[ WVZP[PVUUt ZV\Z S»HZZPZL WLYTL[ KL YtHSPZLY KL\_ SP[Z PUKP]PK\LSZ V\ \U SP[ KV\ISL

0 J\ZJPUP KLSSV ZJOPLUHSL LK P J\ZJPUP 9VSSV ZVUV MVYUP[P KP ZLYPL PU [LZZ\[V \N\HSL HS YP]LZ[PTLU[V KLSSH IHZL

3LZ JV\ZZPUHNLZ K\ KVZZPLY L[ SLZ WL[P[Z JV\ZZPUZ 9VSSV ZVU[ MV\YUP[ Z[HUKHYK KHUZ SL TvTL [PZZ\ \[PSPZt WV\Y SH Z[Y\J[\YL

;OL IHJR J\ZOPVUZ HUK [OL 9VSSV J\ZOPVUZ HYL Z[HUKHYK Z\WWSPLK PU [OL ZHTL MHIYPJ VM [OL IHZL JV]LY

4PKKSL u MVYUP[V KP ZLYPL JVU TH[LYHZZP ,SHZ[ PU WVSP\YL[HUV LZWHUZV YP]LZ[P[V PU JV[VUL ZWLZZVYL JT

4PKKSL +,:*90A065, +,:*907;065 +,:*907;065

4PKKSL PZ Z[HUKHYK Z\WWSPLK ^P[O ยธ,SHZ[ยน TH[[YLZZLZ THKL ^P[O L_WHUKLK WVS`\YL[OHUL JV]LYLK ^P[O JV[[VU [OPJRULZZ JT

+VWWPVSL[[V 40++3, JVK 40++3, +V\ISL )LK JVK 3P[ .PNVNUL 40++3, JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)

*

+

4PKKSL LZ[ MV\YUP[ Z[HUKHYK H]LJ SLZ TH[LSHZ ,SHZ[ LU TV\ZZL KL WVS`\Yt[OHUL YL]v[\Z LU JV[VU tWHPZZL\Y JT

203

)

203

40++3, SL[[V ZPUNVSV JVU[LUP[VYL JVK 40++3, ZPUNSL ILK IV_ JVK 40++3, SP[ PUKP]PK\LS JVMMYL JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _

90

*

+

+\WSL_

+\WSL_! u PS [YHKPaPVUHSL KP]HUV KVWWPV SL[[V ]LYZH[PSL L JVU]LUPLU[L 0S ZLJVUKV SL[[V WVZPaPVUH[V ZV[[V SH ZLK\[H JVUZLU[L KP YLHSPaaHYL K\L SL[[P ZPUNVSP V \U SL[[V TH[YPTVUPHSL Ï PKLHSL KH PUZLYPYL ULSSL JVTWVZPaPVUP JVU HYTHKPV H WVU[L 0 J\ZJPUP YL[[HUNVSV ZVUV MVYUP[P PU [LZZ\[V ZLTWYL \N\HSL HS YP]LZ[PTLU[V 3L YL[P ZVUV H KVNOL 0 YP]LZ[PTLU[P ZVUV ZMVKLYHIPSP +\WSL_! P[ PZ [OL [YHKP[PVUHS ZVMH KV\ISL ILK WYH[PJHS HUK Z\P[HISL ;OL ZLJVUK ILK PZ WVZP[PVULK \UKLY [OL ZLH[ 0[ HSSV^Z [V YLHSPaL [^V ZPUNSL ILKZ VY VUL KV\ISL ILK 0[ ÄUKZ [OL ILZ[ WVZP[PVU PUZPKL H ILKYVVT LX\PWWLK ^P[O ¸)90+.,¹ ^HYKYVIL ;OL ¸9,;;(5.636¹ J\ZOPVUZ HYL Z\WWSPLK PU [OL ZHTL MHIYPJ VM [OL JV]LY ;OL UL[ MYHTLZ HYL PU ^VVKLU ZSH[Z ;OL JV]LYZ HYL M\SS` YLTV]HISL

+\WSL_ LZ[ SL [YHKP[PVUULS JHUHWt KV\ISL SP[ [YuZ KV\t L[ JVU]LUHISL 3L KL\_PuTL SP[ WVZP[PVUUt ZV\Z S»HZZPZL KVUUL SH WVZZPIPSP[t KL YtHSPZLY KL\_ SP[Z PUKP]PK\LSZ V\ \U SP[ KV\ISL ,Z[ S»PKtHS n S»PUZLY[PVU KHUZ SLZ JVTWVZP[PVUZ KLZ HYTVPYLZ n WVU[ 3LZ JV\ZZPUZ ­ 9L[[HUNVSV ® ZVU[ MV\YUP[ LU [PZZ\ [V\QV\YZ WHYLPS n SH OV\ZZL 3LZ ZVTTPLYZ ZVU[ LU HJPLY L[ SH[[LZ LU IVPZ 3LZ OV\ZZLZ ZVU[ [V\[LZ KtOV\ZZHISLZ

0 J\ZJPUP ¸9,;;(5.636¹ ZVUV KP ZLYPL \N\HSP HSSH [YHW\U[H ;OL J\ZOPVUZ ¸9,;;(5.636¹ HYL Z[HUKHYK Z\WWSPLK PU [OL ZHTL MHIYPJ VM [OL X\PS[ 3LZ JV\ZZPUZ ­ 9L[[HUNVSV ® ZVU[ MV\YUP[ Z[HUKHYK KL SH TvTL JV\SL\Y L[ [PZZ\ KL SH OV\ZZL JHUHWt ,» WYVKV[[V KP ZLYPL JVU TH[LYHZZP *V[[VU ZWLZZVYL JT ;OPZ WYVK\J[ PZ Z[HUKHYK Z\WWSPLK ^P[O ¸*V[[VU¹ TH[[YLZZLZ [OPJRULZZ JT 0S LZ[ WYVK\P[ Z[HUKHYK H]LJ SL TH[LSHZ ­ *V[[VU ® tWHPZZL\Y JT

+\WSL_ +,:*90A065, +,:*907;065 +,:*907;065

3L [YHW\U[L YLHSPaaH[L JVU [LZZ\[P PU HS[LaaH YPJOPLKVUV \UH J\JP[\YH KP NP\UaPVUL

+VWWPVSL[[V +<73,? JVK +<73,? +V\ISL )LK JVK 3P[ .PNVNUL +<73,? JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _

;OL JV]LYZ WYVK\JLK ^P[O MHIYPJZ OPNO ULLK H QVPU[ ZL^PUN

4HNNPVY WLY TH[LYHZZV ,SHZ[ 0UJYLHZL MVY ,SHZ[ TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,SHZ[

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)

*

+

3LZ JV\L[[LZ YtHSPZtZ H]LJ SLZ [PZZ\Z LU OH\[L\Y UtJLZZP[LU[ \UL JV\[\YL KL QVUJ[PVU +<73,? SL[[V ZPUNVSV JVU[LUP[VYL JVK +<73,? ZPUNSL ILK IV_ JVK +<73,? SP[ PUKP]PK\LS JVMMYL JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _

+\WSL_ u KPZWVUPIPSL HUJOL PU ]LYZPVUL JHZZL[[V LZ[YHPIPSL L SL[[V ZPUNVSV

4HNNPVY WLY TH[LYHZZV ,SHZ[ 0UJYLHZL MVY ,SHZ[ TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,SHZ[

+\WSL_ PZ HSZV H]HPSHISL ^P[O L_[YHJ[HISL KYH^LY HUK ZPUNSL ILK +\WSL_ LZ[ KPZWVUPISL H\ZP LU ]LYZPVU JVMMYL n L_[YHJ[PVU L[ SP[ PUKP]PK\LS

)

*

+

7YVU[VSL[[V :LULJH ,_[Y~ :WHJL :RPW :HYH[VNH =HULZZH 9VIPU 4VVUL` 1\SPL 6WLU ;LJOUV 7V\M

:LULJH

<UH TVYIPKH LK LSLNHU[L [YHW\U[H JVU WYLNPH[L Ã&#x201E;UP[\YL PU WLSSL JHYH[[LYPaaH JVU \U [VJJV KP JSHZZL PS KP]HUV JSPJR JSHJR i KV[H[V KP JVU[LUP[VYL L KP TLJJHUPZTV H KP]LYZL WVZPaPVUP ( ZVM[ HUK ZTHY[ JV]LY ^P[O WYLJPV\Z [Y\L SLH[OLY Ã&#x201E;UPZOPUNZ KPZ[PUN\LZOLZ ^P[O H [V\JO VM JSHZZ [OL JSPJR JSHJR ZVMH ,X\PWWLK ^P[O H IPN IV_ HUK H [OYLL WVZP[PVUZ TLJOHUPZT

3L [YHW\U[L YLHSPaaH[L JVU [LZZ\[P PU HS[LaaH YPJOPLKVUV \UH J\JP[\YH KP NP\UaPVUL ;OL JV]LYZ WYVK\JLK ^P[O MHIYPJZ OPNO ULLK H QVPU[ ZL^PUN

<UL JV\L[[L ZV\WSL L[ tStNHU[L H]LJ WYtJPL\ZLZ Ã&#x201E;UP[PVUZ LU ]YHP J\PY JHYHJ[tYPZL H]LJ \UL [V\JOL KL JSHZZL SL JHUHWu JSPJR JSHJR 0S LZ[ T\UP K»\U NYHUK JVMMYL L[ K»\U TtJHUPZTL H]LJ [YVPZ KPMMtYLU[LZ WVZP[PVUZ

3LZ JV\L[[LZ YtHSPZtZ H]LJ SLZ [PZZ\Z LU OH\[L\Y UtJLZZP[LU[ \UL JV\[\YL KL QVUJ[PVU

ร WYVKV[[V KP ZLYPL JVU TH[LYHZZV ,SHZ[ PU WVSP\YL[HUV LZWHUZV /9 YP]LZ[P[V PU JV[VUL [YHW\U[H[V ZMVKLYHIPSL ZWLZZVYL JT 0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ,SHZ[ TH[[YLZZ THKL ^P[O L_WHUKLK WVS`\ YL[HUL /9 JV]LYLK ^P[O X\PS[LK HUK YLTV]HISL JV[[VU [OPJRULZZ JT

0S LZ[ MV\YUP[ H]LJ TH[LSHZ ,SHZ[ LU TV\ZZL KL WVS`\YL[OHUL /9 Yv]L[\ LU JV[VU WPX\u KLOV\ZZHISL tWHPZZL\Y JT

3L ร UP[\YL PU WLSSL ZVUV HIIPUH[L HS JVSVYL [YHW\U[H 0 J\ZJPUP ZVUV KP ZLYPL \N\HSP HS JVSVYL [YHW\U[H

3H YL[L u H KVNOL ยธ,_[YHSHYNLยน ;OL MYHTL OHZ ยธ,_[YHSHYNLยน ^VVKLU ZSH[Z

;OL SLH[OLY ร UPZOPUNZ HYL TH[JOLK ^P[O [OL JVSV\Y JV]LY ;OL J\ZOPVUZ HYL PU [OL ZHTL JVSV\Y VM [OL JV]LY

3L ZVTTPLY LZ[ n SH[[LZ LU IVPZ ยธ,_[YHSHYNLยน

3LZ ร UP[PVUZ LU J\PY ZVU[ HZZVY[PLZ n SH JV\SL\Y KL SH JV\L[[L 3LZ JV\ZZPUZ ZVU[ KL SH TvTL JV\SL\Y X\L SH JV\L[[L

:LULJH +,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P]HUV :,5,*( JVK :,5,*( :VMH )LK JVK *HUHWt :,5,*( JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

+

94

94

130

*

102

203

203

,_[Y~

Ï JVUZLU[P[V S»HIIPUHTLU[V KP ZVSP K\L JVSVYP [LZZ\[V 0S JVSVYL KLP J\ZJPUP KL]L LZZLYL \N\HSL HS JVSVYL KLSSH [YHW\U[H 0S IVYKV KLSSH [YHW\U[H L KLP J\ZJPUP KL]L LZZLYL \N\HSL HSSH IHZL KLS KP]HUV

4LJJHUPZTV JSPJR JSHJR H [YL WVZPaPVUP ,» KV[H[V KP \U HTWPV JVU[LUP[VYL 3H YL[L u H KVNOL ¸,_[YHSHYNL¹ 0 J\ZJPUP ,_[Y~ ZVUV KP ZLYPL \N\HSP HSSH [YHW\U[H ,» WYVKV[[V KP ZLYPL JVU TH[LYHZZV ,SHZ[ PU WVSP\YL[HUV LZWHUZV /9 YP]LZ[P[V PU JV[VUL [YHW\U[H[V ZMVKLYHIPSL / JT

0S LZ[ JVUZLU[P KL JOVPZPY ZL\SLTLU[ KL\_ JVSVYPZ KL [PZZ\ 3H JV\SL\Y KLZ JV\ZZPUZ KVP[ v[YL SH TvTL X\L SH JV\SL\Y KL SH JV\L[[L 3H IVYK\YL KL SH JV\L[[L L[ KLZ JV\ZZPUZ KVP[ v[YL SH TvTL JV\SL\Y X\L SL ZVJSL 6US` [^V JVSV\YZ TH` IL JOVZLU ;OL J\ZOPVUZ OH]L [V IL PU [OL ZHTL JV\SV\Y VM [OL JV]LY ;OL LKNPUN VM [OL JV]LY HUK J\ZOPVUZ OH]L [V IL VM [OL ZHTL JVSV\Y VM [OL IHZL

4tJHUPZTL JSPJR JSHJR n [YVPZ WVZP[PVUZ 0S LZ[ T\UP K»\U NYHUK JVMMYL 3L ZVTTPLY LZ[ n SH[[LZ LU IVPZ ­ L_[YHSHYNLZ ®

*SPJR JSHJR VWLUPUN Z`Z[LT TLJOHUPZT :\WWSPLK ^P[O H IPN IV_ ;OL MYHTL PZ THKL ^P[O L_[YH SHYNL ^VVKLU ZSH[Z ;OL SP[[SL J\ZOPVUZ HYL Z[HUKHYK Z\WWSPLK PU [OL ZHTL JVSV\Y VM [OL JV]LY :[HUKHYK Z\WWSPLK ^P[O [OL ,SHZ[ TH[[YLZZ THKL PU /9 L_WHUKLK WVS`\YL[OHUL MVHT JV]LYLK ^P[O YLTV]HISL X\PS[LK JV[[VU JV]LY ;OPJRULZZ JT

3LZ WL[P[Z JV\ZZPUZ ZVU[ MV\YUP[ Z[HUKHYK KL SH TvTL JV\SL\Y KL SH OV\ZZL 0S LZ[ WYVK\P[ Z[HUKHYK H]LJ 4H[LSHZ ,SHZ[ LU TV\ZZL KL WVS`\Yt[OHUL /9 YL]v[\ LU JV[VU KtOV\ZZHISL tWHPZZL\Y JT

0 YP]LZ[PTLU[P KP ,_[Y~ ZVUV JVTWSL[HTLU[L ZMVKLYHIPSP

0S WYH[PJV JVU[LUP[VYL u PU HNNSVTLYH[V KP SLNUV 5VIP SP[H[V

;OL JV]LYZ VM ,_[Y~ HYL M\SS` YLTV]HISL ;OL WYHJ[PJHS IV_ PZ PU [YLH [LK ^VVKLU HNNSVTLYH[L

3LZ OV\ZZLZ VM ,_[Y~ ZVU[ JVTWSu[LTLU[ KtOV\ZZHISLZ

3L WYH[PX\L JVMMYL LZ[ LU HN NSVTtYt KL IVPZ HUVISt

3L [YHW\U[L YLHSPaaH[L JVU [LZZ\[P PU HS[LaaH YPJOPLKVUV \UH J\JP[\YH KP NP\UaPVUL ;OL JV]LYZ WYVK\JLK ^P[O MHIYPJZ OPNO ULLK H QVPU[ ZL^PUN 3LZ JV\L[[LZ YtHSPZtZ H]LJ SLZ [PZZ\Z LU OH\[L\Y UtJLZZP[LU[ \UL JV\[\YL KL QVUJ[PVU

3H YL[L ,_[Y~ PU HJJPHPV NYPNPV HSS\TPUPV u H KVNOL PU 3H SLNUV ¸,_[YHSHYNL¹ SLN ;O MYHTL ,_[Y~ PZ PU Z[LLS WHPU[LK PU NYL` HS\TPUP\T ;OL HU HUK ¸,_[YHSHYNL¹ ^VVKLU ZSH[Z 3L 3L ZVTTPLY ,_[Y~ LU HJPLY NYPZ HS\TPUP\T L[ n SH[[LZ LU IVPZ ¸,_[YHSHYNL¹ IV

,_[Y~ ;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+,:*90A065, +,:*907;065 +,:*907;065 +P]HUV ,?;96» JVK ,?;96» :VMH )LK JVK *HUHWt ,?;96» JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

,» YLHSPaaHIPSL ZVSV JVU [LZZ\[P ;PU[H <UP[H

)

0S LZ[ YtHSPZHISL ZL\SLTLU[ H]LJ SLZ ;PZZ\Z <UPZ

0[ JHU IL VYKLYLK VUS` ^P[O MH IYPJZ PU :VSPK *VSV\YZ

*

+

:WHJL ;OL JSPJR JSHJR ZVMH PU P[Z TVZ[ ZLHYJOLK ZOHWL LX\PWWLK ^P[O H IPN IV_ HUK JVTWSL[L VM H [OYLL WVZP[PVUZ TLJOHUPZT ;OL UL[ MYHTL PZ PU ^VVKLU ZSH[Z

0S KP]HUV JSPJR JSHJR ULSSH Z\H MVYTH WP YPJLYJH[H u KV[H[V KP HTWPV JVU[LUP[VYL L KP TLJJHUPZTV H [YL KP]LYZL WVZPaPVUP 3H YL[L u H KVNOL

3L JHUHWt JSPJR JSHJR KHUZ ZH MVYTL SH WS\Z YLJOLYJOtL T\UP K»\U NYHUK JVMMYL L[ K»\U TtJHUPZTL H`HU[ [YVPZ KPMMtYLU[LZ WVZP[PVUZ 3L ZVTTPLY LZ[ LU SH[[LZ LU IVPZ

Ï JVUZLU[P[V S»HIIPUHTLU[V KP ZVSP K\L JVSVYP [LZZ\[V 0S JVSVYL KLP J\ZJPUP KL]L LZZLYL \N\HSL HS JVSVYL JLU[YHSL KLSSH [YHW\U[H

0S LZ[ JVUZLU[P KL JOVPZPY ZL\SLTLU[ KL\_ JVSVYPZ KL [PZZ\ 3H JV\SL\Y KLZ JV\ZZPUZ KVP[ v[YL SH TvTL X\L SH JV\SL\Y JLU[YHSL KL SH JV\L[[L

6US` [^V JVSV\YZ TH` IL JOVZLU ;OL J\ZOPVU OH]L [V IL PU [OL ZHTL JV\SV\Y VM [OL TPKKSL VM [OL JV]LY

4H[LYHZZV ,SHZ[ KP ZLYPL

,» YLHSPaaHIPSL ZVSV JVU [LZZ\[P ;PU[H <UP[H

4H[LSHZ ,SHZ[ KV[t Z[HUKHYK ,SHZ[ TH[[YLZZ Z[HUKHYK Z\WWSPLK

0[ JHU IL VYKLYLK VUS` ^P[O MHIYPJZ PU :VSPK *VSV\YZ 0S LZ[ YtHSPZHISL ZL\SLTLU[ H]LJ SLZ ;PZZ\Z <UPZ

,» WYVKV[[V KP ZLYPL L JVU TH[LYHZZV ,SHZ[ PU U WV SP\YL[HUV LZWHUZV /9 YP ]LZ[P[V PU [LZZ\[V

JV[VUL

:WHJL +,:*90A065, +,:*907;065 +,:*907;065

0[ PZ Z[HUKHYK Z\WWSPLK WWSPLK ^P[O ¸,SHZ[¹ TH[[YLZZ LZZ PU /PNO 9LZPSPLUJ` L_WHU _WHU KLK WVS`\YL[OHUL JV]L YLK ^P[O JV[[VU VU

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P]HUV :7(*, JVK :7(*, :VMH )LK JVK *HUHWt :7(*, JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _

)

94

94

*L WYVK\P[ LZ[ MV\YUP[ V\YUP[ Z[HUKHYK H]LJ SL TH[L SHZ ,SHZ[ LU TV\ZZL ZL KL WVS`\Yt[OHUL /9 YL]v[\ YL]v[\ LU [PZZ\ JV[VU U

95

*

130

4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

195

195

+

:RPW

0 J\ZJPUP ¸8<(+96¹ ZVUV KP ZLYPL \N\HSP HSSH IHZL ,» WYVKV[[V KP ZLYPL JVU TH[LYHZZV *V[[VU ;OL J\ZOPVUZ ¸8<(+96¹ HYL Z[HUKHYK Z\WWSPLK PU [OL ZHTL MHIYPJ VM [OL IHZL ;OPZ WYVK\J[ PZ Z[HUKHYK Z\WWSPLK ^P[O ¸*V[[VU¹ TH[[YLZZ 3LZ JV\ZZPUZ ­ 8\HKYV ® ZVU[ MV\YUPZ Z[HUKHYK KL SH TvTL OV\ZZL KL SH IHZL 0S LZ[ WYVK\P[ Z[HUKHYK H]LJ SL TH[LSHZ *V[[VU

:RPW +,:*90A065, +,:*907;065 +,:*907;065

94

:RPW LZ[ \U JSHZZPX\L KL UV[YL WYVK\J[PVU X\P UL WHZZL QHTHPZ 3L TtJHUPZTL JSPJR JSHJR LZ[ n [YVPZ WVZP[PVUZ 0S LZ[ T\UP K»\U NYHUK JVMMYL 3L ZVTTPLY LZ[ LU HJPLY L[ SH[[LZ LU IVPZ

95

)

*

+

135

:RPW! P[ PZ H JSHZZPJ VM V\Y WYVK\J[PVU P[ UL]LY ZL[Z ;OL JSPJR JSHJR TLJOHUPZT OHZ [OYLL WVZP[PVUZ 0[ PZ LX\PWWLK ^P[O H IPN IV_ ;OL MYHTL UL[ PZ PU >VVKLU ZSH[Z

+P]HUV :207 JVK :207 :VMH )LK JVK *HUHWt :207 JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,SHZ[ 0UJYLHZL MVY ,SHZ[ TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,SHZ[

94

:RPW! u \U JSHZZPJV KLSSH UVZ[YH WYVK\aPVUL JOL UVU [YHTVU[H THP 0S TLJJHUPZTV JSPJR JSHJR u H [YL WVZPaPVUP Ï KV[H[V KP HTWPV JVU[LUP[VYL 3H YL[L u H KVNOL

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

195

195

3L [YHW\U[L YLHSPaaH[L JVU [LZZ\[P PU HS[LaaH YPJOPLKVUV \UH J\JP[\YH KP NP\UaPVUL ;OL JV]LYZ WYVK\JLK ^P[O MHIYPJZ OPNO ULLK H QVPU[ ZL^PUN 3LZ JV\L[[LZ YtHSPZtZ H]LJ SLZ [PZZ\Z LU OH\[L\Y UtJLZZP[LU[ \UL JV\[\YL KL QVUJ[PVU

:HYH[VNH

3L SPULL TVYIPKL L YPJLYJH[L YLUKVUV :HYH[VNH \UPJV L WYV[HNVUPZ[H ;OL ZVM[ HUK YLÃ&#x201E;ULK SPULZ THRL :HYH[VNH \UPX\L HUK WYV[HNVUPZ[ 3LZ SPNULZ ZV\WSLZ L[ YLJOLYJOtLZ YLUKLU[ ZHYH[VNH \UPX\L L[ WYV[HNVUPZ[L

3L [YHW\U[L YLHSPaaH[L JVU [LZZ\[P PU HS[LaaH YPJOPLKVUV \UH J\JP[\YH KP NP\UaPVUL ;OL JV]LYZ WYVK\JLK ^P[O MHIYPJZ OPNO ULLK H QVPU[ ZL^PUN 3LZ JV\L[[LZ YtHSPZtZ H]LJ SLZ [PZZ\Z LU OH\[L\Y UtJLZZP[LU[ \UL JV\[\YL KL QVUJ[PVU

7YLNPH[L Ã&#x201E;UP[\YL PU ]LYH WLSSL HIIPUH[L HS JVSVYL KLSSH [YHW\U[H 7YtJPL\ZLZ Ã&#x201E;UP[PVUZ LU ]YHP J\PY HZZVY[PLZ n SH JV\SL\Y KL SH JV\L[[L 7YLJPV\Z [Y\L SLH[OLY Ã&#x201E;UPZOPUNZ TH[JOLK ^P[O [OL JV]LY JVSV\Y

:HYH[VNH

4H[LYHZZV ,SHZ[ KP ZLYPL

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+,:*90A065, +,:*907;065 +,:*907;065

4H[LSHZ ,SHZ[ Z[HUKHYK ,SHZ[ TH[[YLZZ Z[HUKHYK Z\WWSPLK

)

*

+

93

93

166

3H YL[L :HYH[VNH PU HJJPHPV NYPNPV HSS\TPUPV u H KVNOL KP SLNUV ¸,_[YHSHYNL¹

+P]HUV :(9(;6.( JVK :(9(;6.( :VMH )LK JVK *HUHWt :(9(;6.( JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

166

+P]HUV :(9(;6.( JVK :(9(;6.( :VMH )LK JVK *HUHWt :(9(;6.( JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

;OL :HYH[VNH MYHTL PZ PU Z[LLS WHPU[LK PU NYL` HS\TPUP\T HUK ¸,_[YHSHYNL¹ ^VVKLU ZSH[Z

93

93

146

3L ZVTTPLY K\ :HYH[VNH LU HJPLY NYPZ HS\TPUP\T LZ[ LU SH[[LZ LU IVPZ ¸,_[YHSHYNL¹

190

146

190

=HULZZH

4LJJHUPZTV H JHYYLSSV JVU HWLY[\YH MYVU[HSL 3H YL[L u H KVNOL L_[YHSHYNL 0 J\ZJPUP =HULZZH ZVUV KP ZLYPL \N\HSP HSSH [YHW\U[H 0 IVYKP KLS J\ZJPUV ZVUV ZLTWYL \N\HSP HP IVYKP KLSSH [YHW\U[H ,» WYVKV[[V KP ZLYPL JVU TH[LYHZZV ,SHZ[ PU WVSP\YL[HUV LZWHUZV /9 YP]LZ[P[V PU JV[VUL [YHW\U[H[V ZMVKLYHIPSL / $ JT 3H YL[L =HULZZH PU HJJPHPV V NYPNPV HSS\TPUPV u H KVNOL KP P SLNUV ¸,_[YHSHYNL¹

*HYYPHNL TtJOHUPZT VWLUPUN Z`Z[LT ;OL MYHTL PZ THKL ^P[O L_[YHSHYNL ^VVKLU ZSH[Z ;OL SP[[SL J\ZOPVUZ HYL HS^H`Z Z\WWSPLK PU [OL ZHTL JVSV\Y VM [OL JV]LY ;OL IVYKLY VM [OL WPSSV^Z HYL HS^H`Z Z\WWSPLK PU [OL ZHTL JVSV\Y VM [OL JV]LY IVYKLY :[HUKHYK Z\WWSPLK ^P[O [OL ,SHZ[ TH[[YLZZ THKL PU /9 L_WHUKLK WVS`\YL[OHUL MVHT JV]LYLK ^P[O YLTV]HISL X\PS[LK JV[[VU JV]LY ;OPJRULZZ$ JT

;OL =HULZZH MYHTL PZ PU Z[LLS WHPU[LK PU NYL` HS\TPUP\T HUK K ¸,_[YHSHYNL¹ ^VVKLU ZSH[Z

4tJHUPZTL )a H]LJ V\]LY[\YL MYVU[HSL 3L ZVTTPLY LZ[ n SH[[LZ L_[YHSHYNLZ 3LZ WL[P[Z JV\ZZPUZ ZVU[ MV\YUPZ Z[HUKHYK KL SH TvTL JV\SL\Y KL SH OV\ZZL 3LZ IVYK\YLZ KLZ JV\ZZPUZ ZVU[ [V\QV\YZ KL SH TvTL JV\SL\Y KL SH IVYK\YL KL SH OV\ZZL 0S LZ[ WYVK\P[ Z[HUKHYK H]LJ 4H[LSHZ ,SHZ[ LU TV\ZZL KL WVS`\YL[OHUL /9 YL]v[\ LU JV[VU KtOV\ZZHISL tWHPZZL\Y$ JT

3L ZVTTPLY K\ =HULZZH LU U HJPLY NYPZ HS\TPUP\T L[ LU SH[[LZ Z LU IVPZ ¸,_[YHSHYNL¹

0 YP]LZ[PTLU[P KP =HULZZH ZVUV JVTWSL[HTLU[L ZMVKLYHIPSP ;OL JV]LYZ VM =HULZZH HYL M\SS` YLTV]HISL 3LZ OV\ZZLZ VM =HULZZH ZVU[ JVTWSu[LTLU[ KtOV\ZZHISLZ

,» JVUZLU[P[V S»HIIPUHTLU[V KP ZVSP K\L JVSVYP [LZZ\[V 0S JVSVYL KLP J\ZJPUP KL]L LZZLYL \N\HSL HS JVSVYL KLSSH [YHW\U[H 0S IVYKV KLSSH [YHW\U[H L KLP J\ZJPUP KL]L LZZLYL \N\HSL HSSH IHZL KLS KP]HUV

+,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P]HUV =(5,::( JVK =(5,::( :VMH )LK JVK )HUX\L[[L =(5,::( JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

+

;OL JV]LYZ WYVK\JLK ^P[O MHIYPJZ OPNO ULLK H QVPU[ ZL^PUN 3LZ JV\L[[LZ YtHSPZtZ H]LJ SLZ [PZZ\Z LU OH\[L\Y UtJLZZP[LU[ \UL JV\[\YL KL QVUJ[PVU

3H OV\ZZL WPX\tL K\ YL]v[LTLU[ WYtZLU[L KL Ã&#x201E;UPZZHNLZ [YuZ YHMÃ&#x201E;UtZ SLZ SVUNZ KLZ IVYKZ ZVU[ KPZWVUPISLZ LU WS\ZPL\YZ JV\SL\YZ n JVTIPULY

3L [YHW\U[L YLHSPaaH[L JVU [LZZ\[P PU HS[LaaH YPJOPLKVUV \UH J\JP[\YH KP NP\UaPVUL

;OL X\PS[LK JV]LY OHZ WYLJPV\Z Ã&#x201E;UPZOPUNZ [OL IVYKLY SPULZ HYL H]HPSHISL PU THU` JVVYKPUH[LK JVSVYZ

+P]HUV =(5,::( JVK =(5,::( :VMH )LK JVK )HUX\L[[L =(5,::( JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

3H [YHW\U[H KP YP]LZ[PTLU[V WYLZLU[H Ã&#x201E;UP[\YL KP WYLNPV PS IVYKV WLYPTL[YHSL u KPZWVUPIPSL PU TVS[LWSPJP JVSVYP JVVYKPUH[P

0S LZ[ JVUZLU[P KL JOVPZPY ZL\SLTLU[ KL\_ JVSVYPZ KL [PZZ\ 3H JV\SL\Y KLZ JV\ZZPUZ KVP[ v[YL SH TvTL X\L SH JV\SL\Y KL SH JV\L[[L 3H IVYK\YL KL SH JV\L[[L L[ KLZ JV\ZZPUZ KVP[ v[YL SH TvTL JV\SL\Y X\L SL ZVJSL

6US` [^V JVSV\YZ TH` IL JOVZLU ;OL J\ZOPVU OH]L [V IL PU [OL ZHTL JV\SV\Y VM [OL JV]LY ;OL LKNPUN VM [OL JV]LY HUK J\ZOPVUZ OH]L [V IL VM [OL ZHTL JVSV\Y VM [OL IHZL

=HULZZH

9VIPU

9VIPU! PS KP]HUV SL[[V WYVU[V HSS»\ZV 9VIPU! [OL ZVMH ILK YLHK` [V IL \ZLK 9VIPU! SL JHUHWt SP[ [V\QV\YZ WYv[ n ZH [YHUZMVYTH[PVU

3H YL[L u PU HJJPHPV H THNSPL LSL[[YVZHSKH[L 9VIPU u KPZWVUPIPSL PU [YL TPZ\YL JT L WVS[YVUH KH JT ;OL Z[LLS UL[ PZ PU LSLJ[YV^LSKLK TLZOLZ 9VIPU PZ H]HPSHISL PU [OYLL ZPaLZ! JT HUK HYTJOHPY VM JT 3L ZVTTPLY LZ[ LU THPSSLZ LU HJPLY tSLJ[YVZV\KtLZ 9VIPU LZ[ KPZWVUPISL LU [YVPZ TLZ\YLZ JT V\ MH\[L\PS KL JT

4H[LYHZZV ,SHZ[ KP ZLYPL 4H[LSHZ ,SHZ[ Z[HUKHYK ,SHZ[ TH[[YLZ Z[HUKHYK Z\WWSPLK

9VIPU ;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+,:*90A065, +,:*907;065 +,:*907;065 +P]HUV 96)05 YL[L JVK 96)05 :VMH )LK JVK )HUX\L[[L 96)05 JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

+

0 J\ZJPUP ¸9,;;(5.636¹ ZVUV KP ZLYPL \N\HSP HSSH [YHW\U[H ;OL ¸9L[[HUNVSV¹ WPSSV^Z HYL Z[HUKHYK Z\WWSPLK ^P[O [OL ZHTL MHIYPJ VM [OL X\PS[LK JV]LY

3LZ JV\ZZPUZ ­ 9L[[HUNVSV ® ZVU[ MV\YUPZ Z[HUKHYK KL SH TvTL JV\SL\Y KL SH OV\ZZL K\ JHUHWt

88

9VIPU 95

170

+P]HUV 96)05 9L[L JVK 96)05 :VMH )LK JVK )HUX\L[[L 96)05 JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

*

+

95

150

95

3L [YHW\U[L YLHSPaaH[L JVU [LZZ\[P PU HS[LaaH YPJOPLKVUV \UH J\JP[\YH KP NP\UaPVUL

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

88

88

+,:*90A065, +,:*907;065 +,:*907;065 7VS[YVUH 96)05 YL[L JVK 96)05 *OHPY JVK -H\[L\PS 96)05 JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

90

)

*

+

;OL JV]LYZ WYVK\JLK ^P[O MHIYPJZ OPNO ULLK H QVPU[ ZL^PUN 3LZ JV\L[[LZ YtHSPZtZ H]LJ SLZ [PZZ\Z LU OH\[L\Y UtJLZZP[LU[ \UL JV\[\YL KL QVUJ[PVU

4VVUL`

( WYHJ[PJHS HUK YLÄULK YLHK` ILK ZVMH ;OL 9L[[HUNVSV J\ZOPVUZ HYL Z[HUKHYK Z\WWSPLK PU [OL ZHTL MHIYPJ VM [OL JLU[YHS MHIYPJ JV]LY

<U WYVU[V SL[[V WYH[PJV L YPJLYJH[V

<U JHUHWt SP[ WYH[PX\L L[ YLJOLYJOt

0 J\ZJPUP YL[[HUNVSV ZVUV MVYUP[P JVU SV Z[LZZV [LZZ\[V KLSSH MHZJPH JLU[YHSL

3LZ JV\ZZPUZ ­ 9L[[HUNVSV ® ZVU[ MV\YUPZ H]LJ SL TvTL [PZZ\ KL SH OV\ZZL JLU[YHSL

Ï JVUZLU[P[V S»HIIPUHTLU[V KP ZVSP K\L JVSVYP [LZZ\[V 0S JVSVYL KLP J\ZJPUP KL]L LZZLYL \N\HSL HS JVSVYL JLU[YHSL KLSSH [YHW\U[H 4H[LYHZZV ,SHZ[ KP ZLYPL

0S LZ[ JVUZLU[P KL JOVPZPY ZL\SLTLU[ KL\_ JVSVYPZ KL [PZZ\ 3H JV\SL\Y KLZ JV\ZZPUZ KVP[ v[YL SH TvTL X\L SH JV\SL\Y JLU[YHSL KL SH JV\L[[L 4H[LSHZ ,SHZ[ Z[HUKHYK

6US` [^V JVSV\YZ TH` IL JOVZLU ;OL J\ZOPVU OH]L [V IL PU [OL ZHTL JV\SV\Y VM [OL TPKKSL VM [OL JV]LY ,SHZ[ TH[[YLZZ Z[HUKHYK Z\WWSPLK

,» YLHSPaaHIPSL ZVSV JVU [LZZ\[P ;PU[H <UP[H

0[ JHU IL VYKLYLK VUS` ^P[O MHIYPJZ PU :VSPK *VSV\YZ

0S LZ[ YtHSPZHISL ZL\SLTLU[ H]LJ SLZ ;PZZ\Z <UPZ

4VVUL` +,:*90A065, +,:*907;065 +,:*907;065

,» WYVKV[[V KP ZLYPL JVU TH[LYHZZV ,SHZ[ PU 7VSP\YL[HUV ,ZWHUZV /9 YP]LZ[P[V PU [LZZ\[V

JV[VUL

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P]HUV 4665,@ JVK 4665,@ :VMH )LK JVK )HUX\L[[L 4665,@ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

)

+

0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ¸,SHZ[¹ TH[[YLZZ PU /PNO 9LZPSPLUJ` L_WHUKLK WVS`\YL[OHUL JV]LYLK ^P[O

JV[[VU

95

170

+P]HUV 4665,@ JVK 4665,@ :VMH )LK JVK )HUX\L[[L 4665,@ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

160

*

+

7VS[YVUH 4665,@ JVK 4665,@ *OHPY JVK -H\[L\PS 4665,@ JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,_[YH -VHT 0UJYLHZL MVY ,_[YH -VHT TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,_[YH -VHT

95

150

)

*

+

88

88

88

88

190

)

190

88

88

190

*

140

95

90

80

*L WYVK\P[ LZ[ MV\YUP Z[HUKHYK H]LJ SL TH[LSHZ ,SHZ[ LU TV\ZZL KL WVS`\Yt[OHUL /9 YL]v[\ LU [PZZ\ JV[VU

1\SPL

0S WYVU[V SL[[V PU \U PZ[HU[L ZP [YHZMVYTH ,» KPZWVUPIPSL PU K\L TPZ\YL JVU SL[[V KH JT _ L KH _ 3H YL[L u PU HJJPHPV NYPNPV HSS\TPUPV u H KVNOL KP SLNUV 0 J\ZJPUP YL[[HUNVSV ZVUV MVYUP[P KP ZLYPL ULSSV Z[LZZV JVSVYL KLSSH [YHW\U[H

;OL YLHK` ILK [YHUZMVYTHISL PU H TVTLU[ 0[ PZ H]HPSHISL PU [^V ZPaLZ! ^P[O ILK OH]PUN JT _ VY JT _ ;OL MYHTL PZ PU NYL` HS\TP\T Z[LLS ^P[O ^VVKLU ZSH[Z ;OL 9L[[HUNVSV J\ZOPVUZ HYL Z[HUK Z\WWSPLK PU [OL ZHTL JVSV\Y VM [OL YLHK` ILK JV]LY 3L WYVTW[ SP[ KHUZ \U PUZ[HU[ PS ZL [YHUZMVYTL 0S LZ[ KPZWVUPISL LU KL\_ TLZ\YLZ H]LJ SP[ KL JT _ L[ JT _

3L ZVTTPLY LU HJPLY NYPZ HS\TPUP\T LZ[ LU SH[[LZ LU IVPZ 3LZ JV\ZZPUZ 9L[[HUNVSV ZVU[ MV\YUPZ Z[HUKHYK KL SH TvTL JV\SL\Y KL SH OV\ZZL

3L [YHW\U[L YLHSPaaH[L JVU [LZZ\[P PU HS[LaaH YPJOPLKVUV \UH J\JP[\YH KP NP\UaPVUL

0 YP]LZ[PTLU[P ZVUV JVTWSL[H TLU[L ZMVKLYHIPSP ,» WYVKV[[V KP ZLYPL JVU TH [LYHZZV ,SHZ[ PU WVSP\YL[HUV LZWHUZV YP]LZ[P[V PU JV[VUL 0S TH[LYHZZV ,SHZ[ PU WVSP\YL [HUV LZWHUZV /9 YP]LZ[P[V PU JV[VUL [YHW\U[H[V ZMVKLYHIPSL u \U VW[PVUHS MVYUP[V H YPJOPLZ[H

;OL JV]LYZ WYVK\JLK ^P[O MHIYPJZ OPNO ULLK H QVPU[ ZL^PUN 3LZ JV\L[[LZ YtHSPZtZ H]LJ SLZ [PZZ\Z LU OH\[L\Y UtJLZZP[LU[ \UL JV\[\YL KL QVUJ[PVU

;OL JV]LYZ HYL M\SS` YLTV]HISL 0[ PZ Z[HUKHYK WYVK\JLK ^P[O [OL L_WHUKLK WVS`\YL[OHUL TH[[YLZZ ,SHZ[ JV]LYLK ^P[O JV[[VU ;OL ,SHZ[ /9 L_WHUKLK WVS`\YL[OHUL TH[[YLZZ JV]LYLK ^P[O X\PS[LK JV[[VU PZ HU VW[PVUHS H]HPSHISL VUS` VY YLX\LZ[

3LZ YL]v[LTLU[Z ZVU[ JVTWSu[LTLU[ KtOV\ZZHISLZ 0S LZ[ WYVK\P[ Z[HUKHYK H]LJ SL TH[LSHZ ,SHZ[ LU TV\ZZL KL WVS`\Yt[OHUL L[ Yv]L[\ LU JV[VU 3L TH[LSHZ ,SHZ[ LU TV\ZZL KL WVS`\Yt[OHUL /9 YL]v[\ LU JV[VU WPX\t L[ KtOV\ZZHISL LZ[ \U VW[PVUULS n KLTHUKLY

1\SPL +,:*90A065, +,:*907;065 +,:*907;065

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

+P]HUV 1<30, JVK 1<30, :VMH )LK JVK )HUX\L[[L 1<30, JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _

)

+P]HUV 1<30, JVK 1<30, :VMH )LK JVK )HUX\L[[L 1<30, JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _

)

+

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

*

+,:*90A065, +,:*907;065 +,:*907;065

*

+

6WLU

6WLU! PU \U PZ[HU[L ZP [YHZMVYTH PU \U JVUMVY[L]VSL SL[[V ร KPZWVUPIPSL PU X\H[[YV TPZ\YL JT L WVS[YVUH KH JT 4LJJHUPZTV KP [YHZMVYTHaPVUL H JHYYLSSV

;OL MYHTL UL[ PZ THKL I` ^VVKLU ZSH[Z ;OL JV]LY PZ YLTV]HISL ;OL ยธ9,;;(5.636ยน WPSSV^Z HYL Z\WWSPLK PU [OL ZHTL MHIYPJ VM [OL X\PS[LK JV]LY ;OL VWLU JSVZL TLJOHUPZT PZ [OL ยธJHYYPHNLยน [`WL

3H YL[L u H KVNOL 0S YP]LZ[PTLU[V u ZMVKLYHIPSL 0 J\ZJPUP ZVUV MVYUP[P PU [LZZ\[V ZLTWYL \N\HSL HSSH [YHW\U[H

6WLU! PU H TVTLU[ P[ ILJVTLZ H JVTMVY[HISL ILK 0[ PZ H]HPSHISL PU MV\Y ZPaLZ JT HUK HYTJOHPY VM JT

3L ZVTTPLY LZ[ LU HJPLY L[ SH[[LZ LU IVPZ 3H OV\ZZL LZ[ KtOV\ZZHISL 3LZ JV\ZZPUZ ZVU[ MV\YUPZ Z[HUKHYK KL SH TvTL JV\SL\Y L[ [PZZ\ KL SH OV\ZZL K\ JHUHWt 6WLU ! Kยป\U PUZ[HU[ PS ZL [YHUZMVYTL LU \U JVUMVY[HISL SP[ 0S LZ[ KPZWVUPISL LU X\H[YL TLZ\YLZ JT L[ MH\[L\PS KL JT 4tJHUPZTL KL [YHUZMVYTH[PVU )a

0 J\ZJPUP ¸9,;;(5.636¹ ZVUV KP ZLYPL \N\HSP HSSH [YHW\U[H ;OL J\ZOPVUZ ¸9,;;(5.636¹ HYL Z[HUKHYK Z\WWSPLK PU [OL ZHTL MHIYPJ VM [OL X\PS[ 3L JV\ZZPUZ ­ 9L[[HUNVSV® ZVU[ MV\YUPZ Z[HUKHYK KL SH TvTL OV\ZZL K\ JHUHWt

,» WYVKV[[V KP ZLYPL JVU TH[LYHZZV *V[[VU 0[ PZ Z[HUKHYK Z\WWSPLK ^P[O ¸*6;;65¹ TH[[YLZZ 0S LZ[ WYVK\P[ Z[HUKHYK H]LJ TH[LSHZ ­*V[[VU®

3L [YHW\U[L YLHSPaaH[L JVU [LZZ\[P PU HS[LaaH YPJOPLKVUV \UH J\JP[\YH KP NP\UaPVUL ;OL JV]LYZ WYVK\JLK ^P[O MHIYPJZ OPNO ULLK H QVPU[ ZL^PUN 3LZ JV\L[[LZ YtHSPZtZ H]LJ SLZ [PZZ\Z LU OH\[L\Y UtJLZZP[LU[ \UL JV\[\YL KL QVUJ[PVU

6WLU

6WLU

+,:*90A065, +,:*907;065 +,:*907;065 +P]HUV 67,5 JVK 67,5 :VMH )LK JVK )HUX\L[[L 67,5 JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,SHZ[ 0UJYLHZL MVY ,SHZ[ TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,SHZ[

+P]HUV 67,5 JVK 67,5 :VMH )LK JVK )HUX\L[[L 67,5 JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,SHZ[ 0UJYLHZL MVY ,SHZ[ TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,SHZ[

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)

*

+

)

*

+

+,:*90A065, +,:*907;065 +,:*907;065 +P]HUV 67,5 JVK 67,5 :VMH )LK JVK )HUX\L[[L 67,5 JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,SHZ[ 0UJYLHZL MVY ,SHZ[ TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,SHZ[

7VS[YVUH 67,5 JVK 67,5 *OHPY JVK -H\[L\PS 67,5 JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,SHZ[ 0UJYLHZL MVY ,SHZ[ TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,SHZ[

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

)

+

*

+

)

*

76<[LJOUV

7V\M ;LJOUV \U ZLTWSPJL NLZ[V LK PS [\V 7V\M ZP [YHZMVYTH PU \U ]LYV JVTVKV SL[[V ZPUNVSV 7V\M ;LJOUV H ZPTWSL TV]LTLU[ HUK `V\Y 7V\M ILJVTLZ H [Y\L JVTMVY[HISL ZPUNSL ILK 7V\M ;LJOUV \U ZPTWSL NLZ[L L[ =V[YL WV\M KL]PLU[ \U ]tYP[HISL SP[ PUKP]PK\LS

3H YL[L u PU HJJPHPV H THNSPL LSL[[YVZHSKH[L 0 YP]LZ[PTLU[P ZVUV ZMVKLYHIPSP ;OL UL[ MYHTL PZ PU LSLJ[YV^LSKLK Z[LLS TLZOLZ ;OL JV]LYZ HYL M\SS` YLTV]HISL 3L ZVTTPLY LZ[ LU THPSSLZ LU HJPLY tSLJ[YVZV\KtLZ 3LZ YL]v[LTLU[Z ZVU[ KtOV\ZZHISLZ

7V\M ;LJOUV +,:*90A065, +,:*907;065 +,:*907;065

9LHSPaaH[V JVU [LZZ\[V PU MHU[HZPH P KPZLNUP KLSSH ZLK\[H UVU ZVUV PUJVU[YH[P JVU X\LSSP KLP SH[P ZP JVUZPNSPH WLY[HU[V KP ZJLNSPLYL ZVSV [LZZ\[P PU [PU[H \UP[H ,» WYVKV[[V KP ZLYPL JVU TH[LYHZZV *V[[VU PU WVSP\YL[HUV LZWHUZV YP]LZ[P[V PU JV[VUL 0S TH[LYHZZV ,SHZ[ u \U VW[PVUHS MVYUP[V H YPJOPLZ[H 7YVK\JLK ^P[O WYPU[LK MHIYPJ [OL WYPU[PUN VM [OL ZLH[ KVLZ UV[ TH[JO ^P[O [OL SH[LYHS VUL [OLYLMVYL [OL HK]PJL PZ [V JOVVZL ZVSPK JVSV\YZ VUS` ;OPZ WYVK\J[ PZ Z[HUKHYK WYVK\JLK ^P[O TH[[YLZZ ¸*6;;65¹ YLTV]HISL TH[[YLZZ PU L_WHUKLK WVS`\YL[OHUL JV]LYLK ^P[O JV[[VU MHIYPJ ;OL ¸,SHZ[¹ TH[[YLZZ PZ HU VW[PVU H]HPSHISL VUS` VU YLX\LZ[ 9tHSPZt H]LJ [PZZ\ LU MHU[HZPL SLZ KLZZPUZ KL S»HZZPZL UL JV{UJPKLU[ WHZ H]LJ SLZ KLZZPUZ Z\Y SLZ J [tZ 0S LZ[ JVUZLPSSt LU LMML[ KL JVTTHUKLY KLZ [PU[LZ \UPLZ 0S LZ[ WYVK\P[ Z[HUKHYK H]LJ SL TH[LSHZ *V[[VU LU TV\ZZL KL WVS`\Yt[OHUL YL]v[\ LU JV[VU 3L TH[LSHZ ,SHZ[ LZ[ \U VW[PVUULS n KLTHUKLY

;,::<;6 *(;,.690( -()90* *(;,.69@ ;PZZ\ *H[tNVYPL

) ;,*/56 76<- JVK 3L[[V \[PSL <ZLM\S ILK 3P[ \[PSL _ 4HNNPVY WLY TH[LYHZZV ,SHZ[ 0UJYLHZL MVY ,SHZ[ TH[[YLZZ 4HQVYH[PVU WV\Y 4H[LSHZ ,SHZ[

*

+

3PZ[PUV 9PJHTIP L HJJLZZVYP (JJLZZVYPLZ HUK ZWHYL WHY[Z WYPJL SPZ[ ;HYPM WPuJLZ KL YLJOHUNLZ L[ HJJLZZVPYLZ *6+

)

*

+

*VWWPH *\ZJPUV 8\HKYV 7HPY VM 8\HKYV J\ZOPVUZ 7HPY JV\ZZPUZ 8\HKYV

*VWWPH *\ZJPUV ;VUKV 7HPY VM ;VUKV J\ZOPVUZ 7HPY JV\ZZPUZ ;VUKV

*VWWPH *\ZJPUV 9L[[HUNVSHYL 7HPY VM 9L[[HUNVSV J\ZOPVUZ 7HPY JV\ZZPUZ 9L[[HUNVSV

*VWWPH *\ZJPUV 7\SS <W 7HPY VM 7\SS <W J\ZOPVUZ 7HPY JV\ZZPUZ 7\SS <W

*VWWPH *\ZJPUV =HULZZH 7HPY VM =HULZZH J\ZOPVUZ 7HPY JV\ZZPUZ =HULZZH

*VWWPH *\ZJPUV ,_[Y~ 7HPY VM ,_[Y~ J\ZOPVUZ 7HPY JV\ZZPUZ ,_[Y~

*VWWPH *\ZJPUV 9VSSV 7HPY VM 9VSSV J\ZOPVUZ 7HPY JV\ZZPUZ 9VSSV

)

*

+

*VWWPH *\ZJPUV +HRV[H 7HPY VM +HRV[H J\ZOPVUZ 7HPY JV\ZZPUZ +HRV[H

;LZZ\[P PU TL[YH[\YH -HIYPJZ WLY TL[YL ;PZZ\Z LU Tu[YLZ *6+

;LZZ\[P PU HS[LaaH JT -HIYPJ OLPNO[ TT ;PZZ\Z LU OH\[L\Y JT

;LZZ\[P PU HS[LaaH JT -HIYPJ OLPNO[ TT ;PZZ\Z LU OH\[L\Y JT

3L HS[LaaL KLP [LZZ\[P ZVUV PUKPJH[L ULSSH JHY[LSSH KLS JHTWPVUHYPV ;OL OLPNO[Z VM [OL MHIYPJZ HYL PUKPJH[LK PU [OL MVSKLY VM [OL ZHTWSL IVVR 3LZ OH\[L\YZ KLZ [PZZ\Z ZVU[ PUKPX\tLZ Z\Y SLZ KVZ KLZ SPHZZLZ KLZ [PZZ\Z

3PZ[PUV 9PJHTIP 4H[LYHZZP 4H[YLZZLZ :WHYL 7HY[Z 3PZ[ ;HYPMMHPYL YLJOHUNLZ TH[LSHZZLZ 305,( 305, 30.5,

4(;90?

46+,336 46+,3 46+Ï3, 504)<: :;9(;<: *099<: 763;965( *099<:

+04,5:0650 :0A,: +04,5:065:

*6;;65

,3(:;

*64-69; ,?;9( -6(4

4,469@

_ _ _ _

Á Á Á Á

Á Á Á Á

Á Á Á Á

Á Á Á Á

_ _ _ ?

Á Á Á Á

Á Á Á Á

Á Á Á Á

(=(5;.(9+,

*,::5( 6=,9 70,996; +(26;(

+6<)3, 30;

*304) =,963,;;6 40++3, +<73,?

_ _

Á Á

Á Á

Á Á

:7(*, :207

_

Á

Á

Á

,?;96» :,5,*(

_

Á

Á

Á

1<30, =(50;@ 96)05 4665,@ 67,5 :(9(;6.(

_ _ _ _

Á Á Á Á

Á Á Á Á

Á Á Á Á

76<- ;,*/56

_

Á

Á

7965;63,;;6

3PZ[PUV 9PJHTIP 9P]LZ[PTLU[P +P]HUP :VMH *V]LYZ :WHYL 7HY[Z 3PZ[ ;HYPMMHPYL YLJOHUNLZ YL]v[LTLU[Z JHUHWtZ 305,( 305, 30.5,

46+,336 46+,3 46+Ï3,

4VK

)

*

+

7LUPZVSH 7VS[YVUH

Á Á Á Á Á

Á Á Á Á Á

Á Á Á Á Á

7VS[YVUH )PQV\_

Á

Á

Á

7V\M ;HI

Á

Á

Á

7VS[YVUH

) ) ) (UNVSV 7LUPZVSH 7VS[YVUH

Á Á Á Á Á Á Á Á Á Á

Á Á Á Á Á Á Á Á Á Á

Á Á Á Á Á Á Á Á Á Á

Á Á

Á Á

Á Á

Á Á Á Á Á Á Á Á Á Á Á Á Á Á Á Á Á Á

Á Á Á Á Á Á Á Á Á Á Á Á Á Á Á Á Á Á

Á Á Á Á Á Á Á Á Á Á Á Á Á Á Á Á Á Á

Á

Á

Á

5PTI\Z :[YH[\Z *PYY\Z

4(;90?

7VS[YVUH *PYY\Z

(=(5;.(9+, *LZZUH 6]LY 7PLYYV[ +HRV[H

7VS[YVUH 4H[PSKL +6<)3, 30;

7965;63,;;6

*SPTI =LYVSL[[V 4PKKSL +\WSL_ :LULJH JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ ,_[Y~ JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ :WHJL JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ :RPW JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ :HYH[VNH JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ :HYH[VNH JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ =HULZZH JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ =HULZZH JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ 9VIPU JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ 9VIPU JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ 9VIPU JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ 4VVUL` JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ 4VVUL` JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ 4VVUL` JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ 1\SPL 6WLU JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ 1\SPL 6WLU JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ 1\SPL 6WLU JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ 1\SPL 6WLU JVU J\ZJPUP ^P[O J\ZOPVUZ H]LJ WL[P[ JV\ZZPUZ ;LJOUV 7V\M

;LZZ\[P -HIYPJZ ;PZZ\Z

7LZHS

;PU[L <UP[L

)

-HIYPJZ *H[LNVY` ) ;PZZ\Z JH[tNVYPL )

;LZZ\[P *H[LNVYPH )!

Tessuti 100% Cotone Altezza cm 280 Lavaggio a secco o a mano alla temperatura di 30°C

Fabrics 100% cotton Height cm 280 Dry washing or handly washing at 30°C

Tessuto 40% cotone 60% poliestere Altezza cm.140 Lavaggio a secco o a mano alla temperatura di 30°C

40% cotton 60% Polyester Height cm 140 Dry washing or handly washing at 30°C

Tissus 100% coton Hauteur cm 280 Nettoyage à sec ou à la main à temp. de 30°C

40% coton 60% Polyester Hauteur cm 140 Nettoyage à sec ou à la main à temp. de 30°C

*

Tessuto 100% Cotone Altezza cm.140 Lavaggio a secco o a mano alla temperatura di 30°C.

100% Cotton Height cm 140 Dry cleaning or handly washing at 30°C.

100% Coton Hauteur cm 140 Nettoyage à sec ou à la main à temp. de 30°C.

-HIYPJZ *H[LNVY` * ;PZZ\Z JH[tNVYPL *

;LZZ\[P *H[LNVYPH *!

4H[YP_

*V\U[Y`

9LNPUH

*

-HIYPJZ *H[LNVY` * ;PZZ\Z JH[tNVYPL *

;LZZ\[P *H[LNVYPH *!

Tessuto 100% poliestere Altezza cm.140 Lavaggio a secco o a mano alla temperatura di 30°C. 100% Polyester Height cm 140 Dry cleaning or handly washing at 30°C.

100% Polyester Hauteur cm 140 Nettoyage à sec ou à la main à temp. de 30°C.

Tessuto 100% poliestere. Altezza cm.140. Lavaggio a secco o a mano alla temperatura di 30°C. 100% Polyester Height cm 140 Dry cleaning or handly washing at 30°C 100% Polyester Hauteur cm 140 Nettoyage à sec ou à la main à temp. de 30°C

Tessuto 100% poliuretano Altezza cm.140 Lavaggio acqua e sapone con panno umido

100% polyurethane Height cm 140 Handly washing with water and soap with a humid cloth

100% polyurethane Hauteur cm 140 Nettoyage Ă lâ&#x20AC;&#x2122;eau et savon avec un drap humide

-HIYPJZ *H[LNVY` * ;PZZ\Z JH[tNVYPL *

;LZZ\[P *H[LNVYPH *!

7LSSL ,JVSVNPJH

*

:THJR

*

;LZZ\[P (U[PTHJJOPH :[HPU YLTV]HS MHIYPJZ

;PZZ\Z (U[P [HJOL

Caffè

Cosmetici Rossetto

Cioccolata Gelato alla frutta

Catrame

Coffee

Cosmetics Make-up Lipstick

Chocolate, Fruit ice-cream

Tar

CosmÊtiques, rouge à lèvres

Chocolat, glace

Goudron

CafĂŠ

Pennarello Penna Biro

Ruggine

Rust Felt-tip pen Ink pen Rouille Feutre, stylo

-HIYPJZ *H[LNVY` * ;PZZ\Z JH[tNVYPL *

;LZZ\[P *H[LNVYPH *!

Sudore Urina

Birra Bibite Acqua Aceto

Sweat Urine Soft drinks Beer Water Vinegar Sueur, urine Bière, boissons eau vinaigre

Adesivi Colle Chewing-gum

Brodo

Adhesives Glue Chewing-gum

Broth Clear Soup

Adesifs, collants chewing-gum

Bouillon

Burro Olio Cera di candela

Butter Oil Candle wax Beurre, huile, cire de chandelle

Avvertenze generali: I rimedi alle macchie da noi provati risultano efďŹ caci per il 90% dei casi, tuttavia qualora le macchie sui tessuti persistessero non dipenderebbe sicuramente dalla non efďŹ cacia del trattamento antimacchia, ma dal non tempestivo intervento da parte dellâ&#x20AC;&#x2122;utilizzatore ďŹ nale. Resta comunque inteso che il trattamento tramite utilizzo di nanotecnologia giĂ di per se argina la penetrazione dellâ&#x20AC;&#x2122;agente macchiante formando una barriera tra macchia e superďŹ cie del tessuto, quindi un lavaggio o una tamponatura con acqua e sapone può risultare efďŹ cace nella quasi totalitĂ dei casi se si agisce immediatamente allâ&#x20AC;&#x2122;insorgere del problema.

General Observations: the stain removal remedies we tried proved to be effective in 90% of the cases. However, if stains still remain on the fabric after treatment, this would not depend necessarily on the ineffectiveness of the anti-stain treatment but on the non-timely treatment from the ďŹ nal consumer.

It is implicit that the anti-stain treatment using nanotechnology stems the penetration of the staining agent, creating a barrier between the stain and the surface of the fabric. For this reason, washing or dabbing with water and neutral soap is effective in almost every case, if action is taken immediately when the problem occurs.

Observation gĂŠnĂŠrales: Les remèdes aux taches par nous essayĂŠs rĂŠsultent efďŹ caces pour le 90% des cas. De toute façon dans le cas ou les taches sur le tissu restent, il nâ&#x20AC;&#x2122;est pas dĂť Ă un manque dâ&#x20AC;&#x2122;efďŹ cacitĂŠ du traitement anti-tache mais au non-prompte intervention de la part de lâ&#x20AC;&#x2122;utilisateur ďŹ nal.

Il est entendu quand-mĂŞme que le traitement par les nanotechnologies rĂŠussit Ă limiter la pĂŠnĂŠtration des agents tachants formant une barrière entre la tache et la surface du tissu, donc un nettoyage ou un tamponnage avec de lâ&#x20AC;&#x2122;eau et savon peuvent dĂŠ-jĂ rĂŠsulter efďŹ caces dans la presque totalitĂŠ des cas si on agit immĂŠdiatement Ă lâ&#x20AC;&#x2122;apparition du problème.

Tessuto 60% acrilico 40% poliestere. Altezza cm 140. Lavaggio a secco o a mano alla temperatura di 30°C.

*

Fabric 60% acrylic 40% polyester. Height cm. 140. Dry cleaning or handly washing at 30°C.

Tessuto 100% poliestere. Altezza cm.140. Lavaggio a secco o a mano alla temperatura di 30°C. 100% Polyester Height cm 140 Dry cleaning or handly washing at 30°C 100% Polyester Hauteur cm 140 Nettoyage à sec ou à la main à temp. de 30°C

-HIYPJZ *H[LNVY` * ;PZZ\Z JH[tNVYPL *

;LZZ\[P *H[LNVYPH *!

Tissu 60% acrylique 40% polyester.

Hauteur cm.

140. Nettoyage à sec ou à la main à 30°C.

4VU[HUH

+

-HIYPJZ *H[LNVY` + ;PZZ\Z JH[tNVYPL +

;LZZ\[P *H[LNVYPH +!

Tessuto 60% poliestere 40% viscosa. Altezza cm 140.

Lavaggio a secco o a mano alla temperatura di 30° C. Fabric 60% polyester 40% viscose. Height cm. 140. Dry cleaning or handly washing at 30° C. Tissu 60% polyester 40% viscose. Hauteur cm. 140.

Nettoyage à sec ou à la main à 30° C.

*VSVYHKV

+

Tessuto 100% poliestere. Altezza cm 140. Lavaggio a secco o a mano alla temperatura di 30° C.

Fabric 100% polyester. Height cm. 140. Dry cleaning or handly washing at 30° C. Tissu 100% polyester. Hauteur cm. 140.

Nettoyage à sec ou à la main à 30° C.

Tessuto 80% poliestere 20% poliammide.

Altezza cm.140.

Lavaggio a secco o a mano alla temperatura di 30° C. Trattamento TeďŹ&#x201A;on antimacchia Fabric 80% polyester 20% polyamide.

Height cm.140.

Dry cleaning or handly washing at 30° C. Antispot treatement Teflon Tissu 80% polyester 20% poliammide.

Hauteur cm.140.

Nettoyage à la main ou à sec à la tempÊrature de 30° C. Traitement Teflon anti-tache.

-HIYPJZ *H[LNVY` + ;PZZ\Z JH[tNVYPL +

;LZZ\[P *H[LNVYPH +!

=LS]L[

.HYHUaPH ;OL N\HYHU[LL 3LZ NHYHU[PLZ ;\[[P P WYVKV[[P ZVUV HJJVTWHNUH[P KH JLY[PÄJH[V KP HUUP ZHS]V KP]LYZHTLU[L ZWLJPÄJH[V Z\S WYVKV[[V Z[LZZV 0 WYVKV[[P KL]VUV LZZLYL ]LYPÄJH[P KHS JSPLU[L HS TVTLU[V KLSSH JVUZLNUH UVU NHYHU[PHTV HZZPZ[LUaH NYH[\P[H WLY TLYJP KHUULNNPH[L WLaaP THUJHU[P L KPML[[P LZ[L[PJP JOL UVU ZPHUV Z[H[P PUKPJH[P Z\S KVJ\TLU[V KP JVUZLNUH 0U JHZV KP \[PSPaaV KLS WYVKV[[V KLJHKL PS KPYP[[V KP ZVZ[P[\aPVUL KLSSV Z[LZZV PU NHYHUaPH 3H NHYHUaPH PTWLNUH :[`SL /V\ZL 0U[LYUH[PVUHS H! MVYUPYL NYH[\P[HTLU[L P WLaaP KP YPJHTIPV YLSH[P]P H JVTWVULU[P KPML[[VZP ,MML[[\HYL NYH[\P[HTLU[L SH YPWHYHaPVUL KLS WYVKV[[V WYLZZV SH ZLKL KP :[`SL /V\ZL 0U[LYUH[PVUHS :VZ[P[\PYL PU[LNYHSTLU[L PS WYVKV[[V W\YJOt SV Z[LZZV UVU ZPH Z[H[V WYLJLKLU[LTLU[L \ZH[V L SH JVU[LZ[HaPVUL ZPH Z[H[H YPSL]H[H HS TVTLU[V KLSSH JVUZLNUH V ULP NPVYUP Z\JJLZZP]P HSSH Z[LZZH 9P[PYHYL L ZWLKPYL NYH[\P[HTLU[L YPJHTIP JVTWVULU[P L WYVKV[[P WYLZZV SH ZLKL KLS JSPLU[L :VUV LZJS\ZP KHSSH NHYHUaPH! .SP PU[LY]LU[P YPJOPLZ[P KVWV SH ZJHKLUaH KLSSH Z[LZZH 3H ZVZ[P[\aPVUL KP TH[LYHZZP J\ZJPUP YP]LZ[PTLU[P KL[LYPVYH[P KHS UVYTHSL \ZV 0 YP]LZ[PTLU[P PU [LZZ\[V WLY P X\HSP UVU ZPHUV Z[H[L ZLN\P[L SL PZ[Y\aPVUP KP SH]HNNPV ¶ THU\[LUaPVUL L Z[PYH[\YH PUKPJH[L Z\P YP]LZ[PTLU[P Z[LZZP 0 YP]LZ[PTLU[P PU [LZZ\[V LZWVZ[P H S\UNV HSSH S\JL ZVSHYL KPYL[[H 0 WYVKV[[P SHZJPH[P WLY S\UNV [LTWV PU HTIPLU[P THSZHUP \TPKP V JVU ZHSZLKPUL 0 KPML[[P JH\ZH[P KHS TVU[HNNPV UVU JVYYL[[V V UVU JVUMVYTL HSSL PZ[Y\aPVUP HSSLNH[L 3L YV[[\YL KV]\[L HSS»\ZV PTWYVWYPV KLS WYVKV[[V .SP PU[LY]LU[P LMML[[\H[P KHS JSPLU[L WYLZZV P WYP]H[P P]P JVTWYLZP P JVZ[P KP [YHZWVY[V [YHZMLY[L L VYL KP SH]VYV 0U[LY]LU[P KP HZZPZ[LUaH .SP PU[LY]LU[P KP HZZPZ[LUaH YPWHYHaPVUL L PU]PV YPJHTIP JOL UVU YPLU[YHUV ULSSL JVUKPaPVUP KP NHYHUaPH ZHYHUUV HKKLIP[H[P JVU S»HNNP\U[H KLP JVZ[P KP [YHZWVY[V ZWLKPaPVUL 3H ZVZ[P[\aPVUL PU NHYHUaPH KP JVTWVULU[P \Z\YHIPSP \[PSPaaH[P WLY \U WLYPVKV Z\WLYPVYL H [YL TLZP WYL]LKL PS WHNHTLU[V KP \U JVU[YPI\[V WYVWVYaPVUHSL HS WLYPVKV K»\ZV ( 3L NYPUaL L S»HSSHYNHTLU[V KP [LZZ\[P L 7LSSP KV]\[P HSSH WYL]PZ[H LSHZ[PJP[n KLP TH[LYPHSP ) 3H UVYTHSL WLYKP[H KP ]VS\TL KP WVSP\YL[HUP LZWHUZP L YLZPUH JVUZLN\LU[P HSS»\ZV

;V\Z SLZ WYVK\P[Z ZVU[ HJJVTWHNUtZ K»\U *LY[PÄJH[ KL .HYHU[PL KL HUZ ZH\M ZP KPMMtYLTTLU[ PUKPX\t Z\Y SL WYVK\P[ TvTL 3LZ WYVK\P[Z KVP]LU[ v[YL ]tYPÄtZ WHY SL JSPLU[ H\ TVTLU[ KL SH SP]YHPZVU UV\Z UL N\HYHU[VUZ WHZ KL :(= NYH[\P[ WV\Y THYJOHUKPZLZ LUKVTTHNtLZ WPuJLZ THUX\HU[LZ L[ KtMH\[Z LZ[Ot[PX\LZ X\P UL ZVPLU[ WHZ PUKPX\tZ Z\Y SL )+3 ,U JHZ K»\[PSPZH[PVU K\ WYVK\P[ KtJOL SL KYVP[ KL YLTWSHJLTLU[ LU NHYHU[PL 3H NHYHU[PL LUNHNL :[`SL /V\ZL n !

SP]YLY NYH[\P[LTLU[ SLZ WPuJLZ KL YLJOHUNL JVUJLYUHU[Z SLZ JVTWVULU[Z KtMLJ[\L\_ ,_tJ\[LY NYH[\P[LTLU[ SH YtWHYH[PVU K\ WYVK\P[ H\ ZPuNL KL :[`SL /V\ZL 0U[LYUH[PVUHS 9LTWSHJLY JVTWSu[LTLU[ SL WYVK\P[ n JVUKP[PVU X\»PS UL ZVP[ WHZ \[PSPZt L[ SH JVU[LZ[H[PVU ZVP[ YLTHYX\tL H\ TVTLU[ KL SH SP]YHPZVU V\ KHUZ SLZ QV\YZ HWYuZ 9LWYLUKYL L[ L_WtKPLY NYH[\P[LTLU[ SLZ WPuJLZ KL YLJOHUNL JVTWVULU[Z L[ WYVK\P[Z n S»HKYLZZL K\ JSPLU[ +L SH NHYHU[PL ZVU[ L_JS\Z !

3LZ PU[LY]LU[PVUZ KLTHUKtZ HWYuZ S»tJOtHUJL KL SH TvTL 3L YLTWSHJLTLU[ KLZ TH[LSHZ JV\ZZPUZ L[ YL]v[LTLU[Z HIzTtZ WHY SL UVYTHS \ZHNL 3LZ YL]v[LTLU[Z LU [PZZ\ WV\Y SLZ X\LSZ U»VU[ WHZ t[tZ Z\P]PLZ SLZ PUZ[Y\J[PVUZ KL UL[[V`HNL LU[YL[PLU L[ YLWHZZHNL PUKPX\tZ Z\Y SLZ YL]v[LTLU[Z TvTLZ 3LZ YL]v[LTLU[Z LU [PZZ\ L_WVZt SVUN[LTWZ n SH S\TPuYL KPYLJ[L K\ ZVSLPS ( SLZ WSPLZ WVJOLTLU[Z L[ S»LUSHYNLTLU[ KLZ [PZZ\Z L[ J\PYZ K\Z n SH WYt]\L tSHZ[PJP[t KLZ TH[tYPH\_ ) 3H UVYTHSL WLY[L KL ]VS\TL KLZ TV\ZZLZ KL WVS`\Yt[OHUL L[ YtZPULZ JVUZtX\LTTLU[ n S»\ZHNL 3LZ WYVK\P[Z SHPZZtZ SVUN[LTWZ KHUZ \UL HTIPHUJL THSZHPUL O\TPKL V\ H]LJ ZHSPUP[t 3LZ KtMH\[Z JH\ZtZ WHY SL TVU[HNL PUJVYYLJ[L V\ UVU JVUMVYTL n SH UV[PJL KL TVU[HNL QVPU[L H\ WYVK\P[ 3LZ Y\W[\YLZ K\LZ n S»\ZHNL PTWYVWYL K\ WYVK\P[ 3LZ PU[LY]LU[PVUZ L_tJ\[tZ WHY SL JSPLU[ JOLa [PLYZ PUJS\Z SLZ JV [Z K\ H\ [YHUZWVY[ KtWSHJLTLU[ L[ OL\YLZ KL [YH]HPS 0U[LY]LU[PVUZ LU (ZZPZ[HUJL 3LZ PU[LY]LU[PVUZ LU HZZPZ[HUJL YtWHYH[PVU L[ LU]VP KL WPuJLZ KL YLJOHUNL X\P UL YLU[YLU[ WHZ KHUZ SLZ JVUKP[PVUZ KL NHYHU[PL ZLYVU[ JOHYNtZ LU HQV\[HU[ SLZ JV [Z KL [YHUZWVY[ L_WtKP[PVU 3L YLTWSHJLTLU[ LU NHYHU[PL KLZ JVTWVULU[Z \Z\YHISLZ \[PSPZtZ WV\Y \UL WtYPVKL Z\WtYPL\YL n [YVPZ TVPZ WYt]VP[ SL WH`LTLU[ K»\UL WHY[PJPWH[PVU WYVWVY[PVUULSSL n SH WtYPVKL K»\[PSPZH[PVU

(SS WYVK\J[Z HYL WHPYLK I` H `LHYZ ( .\HYHU[LL IHY ^OLU KPMMLYLU[S` PPUKPJH[LK VU [OL 7YVK\J[ ;OL WYVK\J[Z T\Z[ IL JOLJRLK I` [OL J\Z[VTLY K\YPUN [OL KLSP]LY` ^L KV UV[ NYHU[ [OL MYLL (ZZPZ[HUJL MVY KHTHNLK TPZZPUN NVVKZ HUK HLZ[OL[PJ KLMLJ[Z [OH[ OH]L UV[ ILLU PUKPJH[LK VU [OL +LSP]LY` +VJ\TLU[ 0U JHZL VM HSYLHK` \ZL VM [OL WYVK\J[ HU` MYLL YLWSHJLTLU[ YPNO[ PZ SVZ[ ;OL N\HYHU[LL LUNHNLZ :[`SL /V\ZL [V! :\WWS` [OL ZWHYL WHY[Z MVY [OL KLMLJ[LK JVTWVULU[Z MYLL VM JOHYNLZ ,_LJ\[L [OL MYLL YLWHPYPUN PU[LY]LU[PVU PU [OL :[`SL /V\ZL 0U[LYUH[PVUHS OLHK VMÄJL *OHUNL JVTWSL[LS` [OL WYVK\J[ PM UV[ \ZLK I` [OL J\Z[VTLY HUK [OL KHTHNL OHZ ILLU UV[PÄLK VU [OL +LSP]LY` +VJ\TLU[Z ^P[OPU KH`Z MYVT [OL KLSP]LY` ;V YLJLP]L HUK [V ZOPW ZWHYL WHY[Z JVTWVULU[Z HUK WYVK\J[Z MYLL VM JOHYNL H[ [OL J\Z[VTLY HKKYLZZ ;OL` HYL L_JS\KLK MYVT [OL .\HYHU[LL! ;OL PU[LY]LU[PVU YLX\PYLK HM[LY P[Z L_WPYPUN KH[L ;OL YLWSHJLTLU[ VM [OL \ZLK TH[[YLZZLZ WPSSV^Z HUK JV]LYZ ;OL KHTHNLK MHIYPJZ HM[LY ^HZOPUN VY PYVUPUN MVY ^OPJO [OL J\Z[VTLY OHZ UV[ MVSSV^LK [OL THPU[LUHUJL PUZ[Y\J[PVUZ ;OL MHIYPJZ SVUN [PTLZ L_WVZLK [V KPYLJ[ Z\U ZOPUL ( -VSKZ HUK LUSHYNLTLU[Z VM [OL MHIYPJZ HUK SLH[OLYZ K\L [V [OL MVYLZLLU LSHZ[PJP[` VM [OL TH[LYPHSZ ) ;OL UVYTHS SVZ[ VM ]VS\TL I` [OL L_WHUKLK WVS`\YL[OHUL MVHTZ K\L [V \ZL ;OL WYVK\J[ SLM[ PU O\TPK \UOLHS[O` VY ZHS[PULZZ HTIPLU[ ;OL KLMLJ[Z K\L [V PUJVYYLJ[ HZZLTISPUN VWLYH[PVU VY UV[ JVTWS` [V [OL HZZLTISPUN PUZ[Y\J[PVU ;OL KHTHNLZ K\L [V PTWYVWLY \ZL VM [OL WYVK\J[ ;OL PU[LY]LU[PVU L_LJ\[LK I` [OL J\Z[VTLY [V YL[HPSLYZ PUJS\KLK [OL [YHUZWVY[ MLLZ HUZ ^VYRPUN OV\YZ (ZZPZ[HUJL PU[LY]LU[PVU! ;OL HZZPZ[HUJL PU[LY]LU[PVUZ YLWHPYPUN VY L_WLKP[PVU VM ZWHYL WHY[Z ^OV HYL UV[ PUJS\KLK PU [OL N\HYHU[LL JVUKP[PVUZ ^PSS IL JOHYNLK ^P[O [OL HKKP[PVU VM [OL [YHUZWVY[ KLSP]LY` JVZ[Z ;OL N\HYHU[LL Z\IZ[P[\[PVU VM \ZLK ^LHYPUN WHY[Z HM[LY TVYL [OHU [OYLL TVU[OZ MYVT [OL KLSP]LY` WYV]PKLZ [OL WH`TLU[ VM H MLL [OH[ PZ WYVWVY[PVUHS [V [OL \ZPUN WLYPVK

0UMVYTHaPVUP ;LJOUPJOL ;LJOUPJHS 0UMVYTH[PVU 0UMVYTH[PVUZ ;tJOUPX\LZ *\ZJPUP ¸ X\HKYV¹ ¸YL[[HUNVSV¹ L ¸[VUKV¹ KP ZLYPL ZVUV MVYUP[P JVU PS [LZZ\[V PUKPJH[V ULSSH KLZJYPaPVUL KLS TVKLSSV 7LY ZJLS[L KP]LYZL ]LYYn LMML[[\H[V S»HKKLIP[V JVTL KH SPZ[PUV J\ZJPUP 0 J\ZJPUP YLHSPaaH[P JVU [LZZ\[P KP JH[ ) UVU ZVUV ZMVKLYHIPSP" ZL YLHSPaaH[P JVU [LZZ\[P KP JH[ * + ZVUV ZMVKLYHIPSP JVU JLYUPLYH 3L [YHW\U[L ZVUV MVYUP[L KP ZLYPL JVU PS YL[YV PU JV[VUL UH[\YHSL 4H[LYHZZP! ULS SPZ[PUV ZVUV PUKPJH[P! PS [PWV KP TH[LYHZZV MVYUP[V KP ZLYPL Z\ VNUP TVKLSSV L NSP L]LU[\HSP TH[LYHZZP VW[PVUHS WYL]PZ[P *HYH[[LYPZ[PJOL [LJUPJOL KLP TH[LYHZZP! *V[[VU! TH[LYHZZV PU WVSP\YL[HUV LZWHUZV KLUZP[n 2N TJ YP]LZ[P[V PU JV[VUL ,SHZ[! TH[LYHZZV PU WVSP\YL[HUV LZWHUZV WVY[HU[L PUKLMVYTHIPSL YP]LZ[P[V PU [LZZ\[V KP JV[VUL [YHW\U[H[V *VUZPNSPH[V WLY S»\ZV X\V[PKPHUV +LUZP[n 2N _ TJ *VUMVY[ ,_[YH -VHT! TH[LYHZZV PU WVSP\YL[HUV ,YNV -VHT PUKLMVYTHIPSL /9 YP]LZ[P[V PU Z[YLJO [YHW\U[H[V ZMVKLYHIPSL 4LTVY`! TH[LYHZZV PU ¸)PVNYLLU¹ H SLU[V YPSHZJPV KLUZP[n RN TJ HJJVWWPH[V H ¸,YNVMVHT¹ /9 YP]LZ[P[V PU 3`VJLSS ;YHW\U[H[V L ZMVKLYHIPSL *VUZPNSPH[V WLY S»\ZV X\V[PKPHUV *LY[PÃ&#x201E;JH[V KP NHYHUaPH! HUUP 3L LZLJ\aPVUP JVU [LZZ\[V JSPLU[L ZP LMML[[\HUV LZJS\ZP]HTLU[L WLY MVYUP[\YL JVU TPUPTP K»VYKPUL KP Wa L WYL]PV HJJVYKV JVU PS UZ \MM *VTTLYJPHSL 0 WYVKV[[P YPJOPLZ[P PU K\L KP]LYZP [LZZ\[P! IHZL L YP]LZ[PTLU[V V [LZ[H[H L NPYVSL[[V WYL]LKVUV \UH THNNPVYHaPVUL KLS

FABRIQUE EN ITALIE

;OL Z[HUKHYK WPSSV^Z 8\HKYV 9L[[HUNVSV ;VUKV 7\SS <W HUK =HUP[` ,_[Y~ HYL KLSP]LYLK ^P[O [OL MHIYPJ PUKPJH[LK PU [OL KLZJYPW[PVU VM [OL TVKLS +PMMLYLU[ JOVPJLZ ^PSS IL KLIP[LK HZ WLY WPSSV^Z WYPJL SPZ[ ;OL WPSSV^Z PU JH[LNVY` ) HYL UV[ YLTV]HISL" PU JH[LNVY` J K HYL YLTV]HISL ^P[O aPW MHZ[LULY ;OL X\PS[Z HYL HSS WYVK\JLK ^P[O [OL IHJR PU UH[\YHS JV[[VU 4H[[YLZZLZ! [OL SPZ[ PUKPJH[LZ [OL [`WL VM TH[[YLZZ HUK ^OL[OLY P[ PZ Z[HUKHYK Z\WWSPLK HZ Z[HUKHYK VY VU YLX\LZ[ ;LJOUPJHS JOHYHJ[LYPZ[PJZ VM [OL TH[[YLZZLZ! *V[[VU! L_WHUKLK WVS`\YL[OHUL TH[YLZZLZ 2N TJ JV]LYLK ^P[O JV[[VU ,SHZ[! JY\ZOWYVVM TH[[YLZZ PU L_WHUKLK WVS`\YL[OHUL JV]LYLK PU X\PS[LK JV[[VU 9LJVTTLUKLK MVY KHPS` \ZL +LUZP[` 2N _ TJ *VUMVY[ ,_[YH -VHT! TH[[YLZZ PU WS`\YL[OHUL ,YNV -VHT /9 JV]LYLK PU X\PS[LK Z[YLJO YLTV]HISL 4LTVY`! ZSV^ YLSLHZL TH[[YLZZ PU ¸)PVNYLLU¹ KLUZP[` RN TJ JV\WSLK ^P[O /9 ¸,YNVMVHT¹ JV]LYLK PU 3`VJLSS 9LTV]HISL X\PS[LK 9LJVTTLUKLK MVY KHPS` \ZL *LY[PÃ&#x201E;JH[L VM N\HYHU[LL! `LHYZ ;OL WYVK\J[Z YLX\PYLK PU [^V KPMMLYLU[ MHIYPJZ SPRL [OL IHZL HUK [OL JV]LY VY [OL OLHK HUK SH[LYHS ZPKLZ VM [OL ILKZ HYL Z\IQLJ[Z [V H WYPJL PUJYLHZL VM

;OL JV]LYZ WYVK\JLK ^P[O MHIYPJZ OPNO ULLK H QVPU[ ZL^PUN

3L [YHW\U[L YLHSPaaH[L JVU [LZZ\[P PU HS[LaaH YPJOPLKVUV \UH J\JP[\YH KP NP\UaPVUL

3LZ WL[P[Z JV\ZZPUZ KLJV 8\HKYV 9L[[HUNVSV ;VUKV 7\SS \W L[ =HUP[` ,_[YV ZVU[ SP]YtZ Z[HUKHYK H]LJ SL [PZZ\ PUKPX\t KHUZ SH KLZJYPW[PVU K\ TVKuSL 7V\Y KLZ JOVP_ KPMMtYLU[Z PS ZLYH HWWSPX\t SL WYP_ JVTTL Z\Y SL [HYPM JV\ZZPUZ 3LZ JV\ZZPUZ YtHSPZtZ H]LJ SLZ [PZZ\Z LU *H[ ) UL ZVU[ WHZ KtOV\ZZHISLZ " ZP PSZ ZVU[ YtHSPZtZ H]LJ KLZ [PZZ\Z KL *H[ * + PSZ ZVU[ KtOV\ZZHISLZ WHY MLYTL[\YL tJSHPYL 3LZ JV\L[[LZ ZVU[ YtHSPZtLZ Z[HUKHYK H]LJ SL KLZZV\Z LU [PZZ\ LU JV[VU UH[\YLS 4H[LSHZ ! KHUZ SL [HYPM PS ZVU[ PUKPX\tZ ! SL [`WL KL TH[LSHZ SP]Yt Z[HUKHYK Z\Y JOHX\L TVKLS L[ SLZ t]LU[\LSZ TH[LSHZ n KLTHUKLY JVTTL VW[PVUULS *HYHJ[tYPZ[PX\LZ [LJOUPX\LZ KLZ TH[LSHZ ! *V[[VU ! TH[LSHZ LU TV\ZZL KL WVS`\Yt[OHUL KLUZP[t 2N TJ YL]v[\ LU JV[VU UH[\YLS ,SHZ[ ! TH[LSHZ LU TV\ZZL KL WVS`\Yt[OHUL PUKtMVYTHISL KLUZP[t 2N TJ WPX\t Z\Y SLZ KL\_ J [tZ YL]v[\ H]LJ JV[VU WPX\t KtOV\ZZHISL JVUZLPSSt WV\Y S»\[PSPZH[PVU X\V[PKPLUUL *VUMVY[ ,_[YH -VHT! TH[LSHZ LU TV\ZZL KL WVS`\Yt[OHUL ,YNV -VHT PUKtMVYTHISL /9 YL]v[\ LU Z[YLJO JV[VU WPX\t L[ KtOV\ZZHISL 4LTVY`! TH[LSHZ LU ¸)PVNYLLU¹ H\ YL[V\Y SLU[ KLUZP[t RN TJ HJJV\WSt H\ ¸,YNVMVHT¹ /9 YL]v[\ LU 3`VJLSS 7PX\t L[ KtOV\ZZHISL *VUZLPSSt WV\Y \U \ZHNL X\V[PKPLU *LY[PÃ&#x201E;JH[ KL NHYHU[PL ! HUZ 3LZ WYVK\P[Z KLTHUKtZ LU KL\_ KPMMtYLU[Z [PZZ\Z Z[Y\J[\YL L[ JV\ZPUHNL V\ SH [v[L L[ SLZ JVU[V\YZ KLZ SP[Z WYt]VPLU[ \UL THQVYH[PVU K\

3LZ JV\L[[LZ YtHSPZtZ H]LJ SLZ [PZZ\Z LU OH\[L\Y UtJLZZP[LU[ \UL JV\[\YL KL QVUJ[PVU

*VUKPaPVUP NLULYHSP KP ]LUKP[H .LULYHS ZHSLZ JVUKP[PVUZ *VUKP[PVU NtUtYHSLZ KL ]LU[L 0S WYLZLU[L SPZ[PUV HUU\SSH [\[[P P WYLJLKLU[P 3H KP[[H :[`SL /V\ZL ZP YPZLY]H KP HWWVY[HYL TVKPÄJOL H TVKLSSP TPZ\YL L JHTWPVUHYPV [LZZ\[P ZLUaH VIISPNV KP WYLH]]PZV ,]LU[\HSP YLJSHTP KV]YHUUV LZZLYL JVT\UPJH[P WLY PZJYP[[V LU[YV NN KHSSH KH[H KP YPJL]PTLU[V TLYJP 5VU ZP HJJL[[HUV YLZP ZL UVU WYL]LU[P]HTLU[L H\[VYPaaH[P 3L TLYJP PU ZVZ[P[\aPVUL WYL]LKVUV S»PTTLKPH[H YPJVUZLNUH KLP YLSH[P]P YLZP 0U JHZV JVU[YHYPV LZZL ]LYYHUUV YLNVSHYTLU[L HKKLIP[H[L HS WYLaaV KP SPZ[PUV 7LY JVUZLNUL KP PTWVY[V PUMLYPVYL H ,\YV ]LYYn HKKLIP[H[V PU MH[[\YH \U JVU[YPI\[V P [YHZWVY[V KP ,\YV

0 WHNHTLU[P KL]VUV LZZLYL LMML[[\H[P HSSL JVUKPaPVUP Z[HIPSP[L 0U JHZV KP YP[HYKV ]LYYHUUV HKKLIP[H[P NSP PU[LYLZZP PU IHZL HP [HZZP IHUJHYP ]PNLU[P SL ZWLZL L NSP L]LU[\HSP ZJVU[P JHZZH HWWSPJH[P 3H KP[[H :[`SL /V\ZL UVU ZP HZZ\TL SH YLZWVUZHIPSP[n KP L]LU[\HSP KPMMLYLUaL KP JVSVYL [LZZ\[V WLY MVYUP[\YL LMML[[\H[L PU [LTWP KP]LYZP 0 TVKLSSP YPJOPLZ[P JVU [LZZ\[P KP KP]LYZH JH[LNVYPH ]HUUV JHSJVSH[P HS WYLaaV KLSSH WP HS[H 0 WYVKV[[P :[`SL /V\ZL ZVUV WYVNL[[H[P L JVZ[Y\P[P ULS YPZWL[[V KLSSL UVYTL WLY SH [\[LSH KLS JVUZ\TH[VYL! *VU TH[LYPHSP KP X\HSP[n JOL UVU U\VJPVUV HSSH ZHS\[L L H UVYTH JVU SL SLNNP ]PNLU[P WLY SH ZPJ\YLaaH L SH [\[LSH KLSS»HTIPLU[L 3»PTIHSSV JVU[PLUL SL PZ[Y\aPVUP K»\ZV 3L Z[Y\[[\YL! ZVUV PU HJJPHPV ]LYUPJPH[V JVU WVS]LYP LWVZZPKPJOL H[VZZPJOL 3L PTIV[[P[\YL KP TH[LYHZZP L J\ZJPUP ZVUV PU WVSP\YL[HUV LZWHUZV WYVKV[[V ZLUaH S»\ZV KP *-* LK PU V]H[[H

WVSPLZ[LYL 0 WHUULSSP PU HNNSVTLYH[V KP SLNUV! ZVUV WYVKV[[P JVU S»\ZV KP JVSSHU[P H[VZZPJP 0 YP]LZ[PTLU[P PU [LZZ\[V ZVUV KPZWVUPIPSP PU TVS[PZZPTL ]HYPHU[P 3H JVTWVZPaPVUL KLP [LZZ\[P L SL UVYTL KP THU\[LUaPVUL ZVUV PUKPJH[L ULSSH L[PJOL[[H HWWSPJH[H HS YP]LZ[PTLU[V Z[LZZV

;OL WYLZLU[ WYPJL SPZ[ JHUJLSZ HSS WYL]PV\Z VULZ :[`SL /V\ZL YLZLY]LZ P[ZLSM [OL YPNO[ [V TVKPM` TVKLSZ ZPaLZ HUK ZHTWSL MHIYPJZ ^P[OV\[ HU` WYPVY UV[PJL 7VZZPISL JVTWSHPU[Z T\Z[ IL JVTT\UPJH[LK PU ^YP[PUN ^P[OPU KH`Z MYVT [OL KH[L VM YLJLPW[ VM [OL NVVKZ .VVKZ YL[\YULK ^P[OV\[ OH]PUN ILLU WYL]PV\ZS` H\[OVYPaLK HYL UV[ HJJLW[HISL ;OL NVVKZ HYL YLWSHJLK \WVU YLJLPW[ VM [OL NVVKZ ILPUN YL[\YULK 6[OLY^PZL [OL` ^PSS IL JOHYNLK HZ WLY [OL WYPJL SPZ[ -VY KLSP]LYPLZ VM HTV\U[Z SV^LY [OHU HNYLLK ZHSLZ JVUKP[PVUZ [OLYL ^PSS IL H KLSP]LY` JOHYNL 7H`TLU[Z T\Z[ IL LMMLJ[LK PU [LYTZ VM [OL LZ[HISPZOLK JVUKP[PVUZ 0U JHZL VM KLSH`Z HYYLHYZ PU[LYLZ[Z ^PSS IL JOHYNLK H[ [OL Y\SPUN IHURPUN YH[LZ WS\Z WVZZPISL L_WLUZLZ PUJ\YYLK HUK JHZO KPZJV\U[ HWWSPLK :[`SL /V\ZL KVLZ UV[ [HRL VU HU` YLZWVUZPIPSP[` MVY HU` WVZZPISL KPMMLYLUJLZ PU [OL JVSV\Y VM [OL MHIYPJ MVY NVVKZ Z\WWSPLK V]LY KPMMLYLU[ WLYPVKZ VM [PTL ;OL TVKLSZ YLX\LZ[LK ^P[O MHIYPJ VM KPMMLYLU[ JH[LNVY` ^PSS IL JHSJ\SH[LK H[ [OL WYPJL VM [OL OPNOLY JH[LNVY` :[`SL /V\ZL WYVK\J[Z HYL WSHUULK HUK THU\MHJ[\YLK PU JVTWSPHUJL ^P[O [OL UVYTZ MVY [OL \ZLY»Z WYV[LJ[PVU! >P[O TH[LYPHSZ ^OVZL X\HSP[` PZ UV[ OHYTM\S [V [OL OLHS[O HUK JVTWS` ^P[O SLNHS YLN\SH[PVUZ VU [OL ZHML[` HUK [OL WYV[LJ[PVU VM LU]PYVUTLU[ 0UZ[Y\J[PVUZ MVY \ZL HYL PUJS\KLK PU [OL WHJRHNL ;OL MYHTLZ HYL PU Z[LLS WHPU[LK ^P[O UVU [V_PJ LWV_` WV^KLYZ ;OL WHKKPUN PUZPKL [OL TH[[YLZZLZ HUK WPSSV^Z HYL PU L_WHUKLK WVS`\YL[OHUL WYVK\J[ ^P[OV\[ [OL \ZL VM *-* HUK PU WVS`LZ[LY WHKKPUN ;OL ^VVKLU JOPWIVHYK WHULSZ HYL THU\MHJ[\YLK \ZPUN UVU [V_PJ NS\L ;OL JV]LYPUNZ PU MHIYPJ HYL H]HPSHISL PU THU` ]HYPHU[Z ;OL JVTWVZP[PVUZ VM [OL MHIYPJZ HUK [OL THPU[LUHUJL UVYTZ HYL PUKPJH[LK VU [OL SHILSZ ZL^LK [V [OL MHIYPJZ

3H WYtZLU[L SPZ[L KLZ WYP_ HUU\SL [V\Z SLZ WYtJtKLU[LZ 3H 4HPZVU :[`SL /V\ZL ZL YtZLY]L SL KYVP[ K»HWWVY[LY KLZ TVKPÄJH[PVUZ H\_ TVKuSLZ TtZ\YLZ L[ tJOHU[PSSVUUHNL [PZZ\Z ZHUZ S»VISPNL KL WYt]LU[PVU ,]LU[\LSZ YtJSHTH[PVUZ KVP]LU[ v[YL JVTT\UPX\tZ WHY tJYP[ ZV\Z QV\YZ KL SH KH[L KL YtJLW[PVU KL SH THYJOHUKPZL 0SZ UL ZVU[ WHZ HJJLW[t KLZ YLUK\Z ZPUVU K»HIVYK H\[VYPZtZ 3LZ THYJOHUKPZLZ LU Z\IZ[P[\[PVU WYt]VPLU[ S»PTTtKPH[L YLZ[P[\[PVU KL JL X\P LZ[ Z\IZ[P[\t LU JHZ JVU[YHPYL LSSLZ ZLYVU[ YtN\SPuYLTLU[ KtIP[tLZ H\ WYP_ KL SPZ[L 7V\Y SLZ SP]YHPZVU KL TVPUZ KL Á PS ZLYH KLIP[t LU MHJ[\YL \U MYHPZ KL [YHUZWVY[ KL Á 3LZ WH`LTLU[Z KVP]LU[ v[YL L_tJ\[tZ JVTTL t[HISP[ KHUZ SL JVU[YH[ K»HJOH[ ,U JHZ KL KtJHSHNL K\ WH`LTLU[ PSZ ZLYVU[ KtIP[tZ SLZ PU[tYv[Z ZLSVU SLZ [H\_ IHUJHPYLZ HJ[\LSZ SLZ MYHPZ KL NLZ[PVUZ L[ t]LU[\LSSLZ YLTPZLZ HJJVYKtLZ 3H THPZVU :[`SL /V\ZL U»LZ[ WVPU[ YLZWVUZHISL K»t]LU[\LSSLZ KPMMtYLUJLZ KL JV\SL\Y WV\Y SP]YHPZVUZ MHP[LZ LU KPMMtYLU[Z [LTWZ 3LZ TVKLSZ KLTHUKtZ H]LJ [PZZ\Z KL KPMMtYLU[Z JH[tNVYPLZ ]VU[ v[YL JHSJ\StZ H\ WYP_ KL SH WS\Z OH\[L JH[tNVYPL 3LZ WYVK\P[Z :[`SL /V\ZL ZVU[ WYVQL[tZ L[ WYVK\P[Z KHUZ SL JVTWSL[ YLZWLJ[ KLZ UVYTLZ ,\YVWtLUULZ WV\Y SH Z YL[t K\ JVUZVTTH[L\Y ! (]LJ KLZ TH[PuYLZ KL X\HSP[t X\P U»LUKVTTHNLU[ WHZ SH ZHU[t L[ H]LJ [V\[ YLZWLJ[ WV\Y SLZ HJ[\LSSLZ SVPZ LU TH[PuYL KL Z YL[t L[ LU]PYVUULTLU[ 3»LTIHSSHNL JVU[PLU[ SLZ PUZ[Y\J[PVUZ K»\[PSPZH[PVU 3LZ Z[Y\J[\YLZ ! ZVU[ LU HJPLY ]LYUP H]LJ WV\KYLZ H[V_PX\LZ L[ LWV_PKPX\LZ 3LZ YLTIV\YYHNLZ KLZ TH[LSHZ L[ KLZ JV\ZZPUZ ZVU[ LU TV\ZZL KL WVS`\Yt[OHUL WYVK\P[Z ZHUZ S»\[PSPZH[PVU K\ *-* L[ LU V\H[L WVS`LZ[LY 3LZ WHUULH\ LU HNNSVTtYt KL IVPZ ! ZVU[ WYVK\P[Z H]LJ S»\[PSPZH[PVU KL JVSSLZ H[V_PX\LZ 3LZ YL]v[LTLU[Z LU [PZZ\ ZVU[ KPZWVUPISLZ LU ILH\JV\W KL ]HYPHU[Z 3H JVTWVZP[PVU KLZ [PZZ\Z L[ SLZ YuNSLZ WV\Y SL\Y LU[YL[PLU ZVU[ PUKPX\tLZ KHUZ SH WSHX\L[[L JV\Z\L H\ YL]v[LTLU[ TvTL

0 TH[LYHZZP KLP KP]HUP SL[[V :VMH ILKZ TH[[YLZZLZ 3LZ TH[tSHZ KLZ JHUHWtZ SP[Z *V[[VU *V[[VU! TH[LYHZZV PU WVSP\YL[HUV LZWHUZV KLUZP[n 077 YP]LZ[P[V PU JV[VUL *V[[VU! L_WHUKLK WVS`\YL[OHUL TH[YLZZ KLUZP[` 077 JV]LYLK ^P[O JV[[VU

,SHZ[

4H[LSHZ LU TV\ZZL KL WVS`\Yt[OHUL KLUZP[t 077 YL]v[\ LU JV[VU UH[\YLS

,SHZ[! TH[LYHZZV PU WVSP\YL[HUV LZWHUZV KLUZP[n RN TJ PUKLMVYTHIPSL 9P]LZ[P[V PU [LZZ\[V KP JV[VUL [YHW\U[H[V ZMVKLYHIPSL *VUZPNSPH[V WLY S»\ZV X\V[PKPHUV *LY[PÄJH[V KP NHYHUaPH! HUUP ,SHZ[! JY\ZOWYVVM TH[[YLZZ PU L_WHUKLK WVS`\YL[OHUL KLUZP[` RN TJ JV]LYLK PU YLTV]HISL X\PS[LK JV[[VU 9LJVTTLUKLK MVY KHPS` \ZL *LY[PÄJH[L VM N\HYHU[LL! `LHYZ

,_[YH -VHT

,SHZ[! TH[LSHZ LU TV\ZZL KL WVS`\Yt[OHUL KLUZP[t RN TJ PUKtMVYTHISL 9L]v[\ H]LJ JV[VU WPX\t KtOV\ZZHISL *VUZLPSSt WV\Y \U \ZHNL X\V[PKPLU *LY[PÄJH[ KL NHYHU[PL! HUZ

4H[LYHZZV PU WVSP\YL[HUV LZWHUZV /8 KLUZP[n 2N TJ 0UKLMVYTHIPSL YP]LZ[P[V PU Z[YLJO [YHW\U[H[V ZMVKLYHIPSL *VUZPNSPH[V WLY S»\ZV X\V[PKPHUV *LY[PÄJH[V KP NHYHUaPH! HUUP *VUMVY[! TH[YLZZ PU WVS`\YL[OHUL PUKLMVYTHISL /8 JV]LYLK PU X\PS[LK :[YLJO YLTV]HISL 9LJVTTLUKLK MVY KHPS` \ZL *LY[PÄJH[L VM N\HYHU[LL! `LHYZ

4LTVY`

*VUMVY[! TH[LSHZ LU TV\ZZL KL WVS`\Yt[OHUL PUKtMVYTHISL /8 9L]v[\ LU Z[YLJO WPX\t L[ KtOV\ZZHISL *VUZLPSSt WV\Y \U \ZHNL X\V[PKPLU *LY[PÄJH[ KL NHYHU[PL! HUZ

4LTVY`! TH[LYHZZV PU ¸)PVNYLLU¹ H SLU[V YPSHZJPV KLUZP[n RN TJ HJJVW WPH[V H ¸,YNVMVHT¹ /9 YP]LZ[P[V PU 3`VJLSS ;YHW\U[H[V L ZMVKLYHIPSL *VUZPNSPH[V WLY S»\ZV X\V[PKPHUV *LY[PÄJH[V KP NHYHUaPH! HUUP 4LTVY`! ZSV^ YLSLHZL TH[[YLZZ PU ¸)PVNYLLU¹ KLUZP[` RN TJ JV\WSLK ^P[O /9 ¸,YNVMVHT¹ JV]LYLK PU 3`VJLSS 9LTV]HISL X\PS[LK 9LJVTTLUKLK MVY KHPS` \ZL *LY[PÄJH[L VM N\HYHU[LL! `LHYZ 4LTVY`! TH[LSHZ LU ¸)PVNYLLU¹ H\ YL[V\Y SLU[ KLUZP[t RN TJ HJJV\WSt H\ ¸,YNVMVHT¹ /9 YL]v[\ LU 3`VJLSS 7PX\t L[ KtOV\ZZHISL *VUZLPSSt WV\Y \U \ZHNL X\V[PKPLU *LY[PÄJH[ KL NHYHU[PL ! HUZ

0UMVYTHaPVUP L UVYTL KP THU\[LUaPVUL KLP

0UMVYTH[PVU HUK Y\SPUNZ VU [OL JHYL

0UMVYTH[PVUZ L[ YuNSLZ WV\Y S»LU[YL[PLU

YP]LZ[PTLU[P PU ;LZZ\[V!

VM MHIYPJ JV]LYPUNZ!

KLZ OV\ZZLZ LU [PZZ\ !

3»LZWVZPaPVUL KLP ;LZZ\[P WLY S\UNV [LTWV HSSH S\JL KPYL[[H KLS ZVSL W\~ JH\ZHYL PS JHTIPV KP ;VUHSP[n KLP JVSVYP

;OL L_WVZ\YL VM [OL -HIYPJZ MVY HU` SLUN[O VM [PTL [V KPYLJ[ Z\USPNO[ JHU JH\ZL [OL JVSV\Y [VUL [V JOHUNL

3H SVUN\L L_WVZP[PVU KLZ [PZZ\Z n SH S\TPuYL KPYLJ[L K\ ZVSLPS WL\[ JH\ZLY SH WLY[L KL [VUHSP[t KLZ JV\SL\YZ

Â&#x2039; 0S SH]HNNPV KLP ;LZZ\[P JVTWVZ[P KH Ã&#x201E;IYL UH[\YHSP W\~ JH\ZHYL PS YLZ[YPUNPTLU[V KLP YP]LZ[PTLU[P Â&#x2039; *VUZPNSPHTV KP ZLN\PYL H[[LU[HTLU[L SL WYLZJYPaPVUP PUKPJH[L ULSSH L[PJOL[[H J\JP[H Z\ VNUP WYVKV[[V Â&#x2039; =P YPJVYKPHTV PS ZPNUPÃ&#x201E;JH[V KLP ZPTIVSP Z[HTWH[P Z\SSL L[PJOL[[L!

Â&#x2039; >HZOPUN MHIYPJZ PU UH[\YHS Ã&#x201E;IYLZ JHU JH\ZL ZOYPURHNL VM [OL JV]LYZ Â&#x2039; >L YLJVTTLUK [OL PUZ[Y\J[PVUZ VU [OL SHILS ZL^U VU[V LHJO WYVK\J[ [V IL MVSSV^LK JHYLM\SS` Â&#x2039; >L YLTPUK `V\ VM [OL TLHUPUN VM [OL Z`TIVSZ WYPU[LK VU [OL SHILSZ!

Â&#x2039; 3L UL[[V`HNL KLZ [PZZ\Z JVTWVZtZ WHY Ã&#x201E;IYLZ UH[\YLSSLZ WL\[ JH\ZLY SL YLZZLYYLTLU[ KLZ YL]v[LTLU[Z Â&#x2039; 5V\Z JVUZLPSSVUZ KL Z\P]YL H[[LU[P]LTLU[ SLZ WYLZJYPW[PVUZ PUKPX\tLZ Z\Y SH WSHX\L JV\Z\L Z\Y JOHX\L WYVK\P[ Â&#x2039; 5V\Z =V\Z YHWWLSVUZ SH ZPNUPÃ&#x201E;JH[PVU KLZ Z\P]HU[Z Z`TIVSLZ !

0 JVSVYP KLP [LZZ\[P ZVUV PUKPJH[P]P PU X\HU[V YPWYVK\aPVUP MV[VNYHÃ&#x201E;JOL

;LTWLYH[\YH THZZPTH KP SH]HNNPV Â&#x2021; HaPVUL TLJJHUP JH UVYTHSL YPZJPHJX\V UVYTHSL JLU[YPM\NH UVYTHSL

0S WYVKV[[V [LZZPSL UVU ZVWWVY[H SH Z[PYH[\YH

;OL MHIYPJ JVSVYZ HYL PUKPJH[P]L VUS` MVY WYLZLU[H[PVU W\YWVZLZ

4H_PT\T ^HZOPUN [LTWLYH[\YL Â&#x2021; UVYTHS TLJOHUPJHS HJ[PVU UVYTHS YPUZL UVYTHS ZWPU KY`

;OL MHIYPJ WYVK\J[ T\Z[ UV[ IL PYVULK

3LZ JV\SL\YZ KLZ [PZZ\Z ZVU[ PUKPJH[PMZ JHY KLZ WOV[VZ

;LTWtYH[\YL TH_PT\T KL SH]HNL Â&#x2021; (J[PVU TtJHUPX\L UVYTHSL YPUsHNL UVYTHS LZZVYHNL UVYTHS

3L WYVK\P[ [L_[PSL UL Z\WWVY[L WHZ SL YLWHZZHNL :[`SL/V\ZL ZP YPZLY]H KP HWWVY[HYL HS WYVKV[[V SL TVKPÃ&#x201E;JOL YP[LU\[L VWWVY[\UL ZLUaH HSJ\U WYLH]]PZV

;LTWLYH[\YH THZZPTH KLSSH Z\VSH KLS MLYYV! Â&#x2021;* PU[LYWVYYL WHUUV \TPKV

0S WYVKV[[V [LZZPSL UVU ZVWWVY[H PS [YH[[HTLU[V JVU JSVYV

4H_PT\T [LTWLYH[\YL VM PYVU JVU[HJ[ Z\YMHJL! Â&#x2021;* WSHJL H KHTW JSV[O IL[^LLU PYVU HUK MHIYPJ ;LTWtYH[\YL TH_PT\T K\ MLY ! Â&#x2021;* PU[LYWVZLY \U JOPMMVU O\TPKL

;OL MHIYPJ WYVK\J[ T\Z[ UV[ IL [YLH[LK ^P[O JOSVYPUL

:[`SL/V\ZL YLZLY]LZ [OL YPNO[ VM TVKPM` P[Z WYVK\J[Z ^P[OV\[ UV[PÃ&#x201E;JH[PVU :[`SL /V\ZL ZL YtZLY]L SH MHJ\S[t KL WV\]VPY JOHUNLY V\ TVKPÃ&#x201E;LY SL WYVK\P[ ZHUZ H\J\U WYtH]PZ

363/M

3L WYVK\P[ [L_[PSL UL Z\WWVY[L WHZ SL [YHP[LTLU[ H\ JOSVYL

.9(-0*( 4HY[LSSP *VT\UPJHaPVUL

:;(47( :[PSNYHM

-6;6.9(-0, -V[VZ[\KPV Â&#x2039; ^^^ MV[VZ[\KPV P[

())0.30(4,5;6 KPZ[YPI\P[V KH ,?;96 .<(:;(33(

5V[L 5V[LZ 5V[LZ

5V[L 5V[LZ 5V[LZ

5V[L 5V[LZ 5V[LZ

5V[L 5V[LZ 5V[LZ