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"MÏN EPT GFOØNFOPT NFUFPSPMØHJDPT OP GVUVSP BMFSUB B 0.. iP OÓWFM EB ÈHVB EP NBS DPOUJOVBSÈ B TVCJS FN WJSUVEF EP EFHFMP WFSJGJDBEP OBT DBMPUBT QPMBSFT F OPT HMBDJBSFT .BJT EF EP DBMPS QSPWPDBEP QFMP FGFJUP EF FTUVGB Ï BCTPSWJEP QFMPT PDFB OPT RVF DPOUJOVBN B BRVFDFS F B FYQBOEJS TFw DPOTJEFSB P TFDSF UÈSJP HFSBM EB 0.. 0T TJOBJT TÍP FWJEFOUFT VN QPVDP QPS UPEP P QMBOFUB GSBHJMJ[BO EP UPEPT RVBOUPT WJWFN KVOUP EB DPTUB /P 1BDÓGJDP IÈ BSRVJQÏMB HPT RVF QBSFDFN DPOEFOBEPT BP EFTBQBSFDJNFOUP /PWB *PSRVF GPJ JOWBEJEB QFMBT ÈHVBT EP SJP )VETPO Ë QBTTBHFN EP GVSBDÍP 4BOEZ FN .BT OÍP Ï OFDFTTÈSJP JS UÍP MPOHF CBTUB PMIBS QBSB BT QSBJBT QPSUVHVFTBT POEF P NBS UFN WJOEP SPVCBS UFSSFOP OB SFHJÍP EP 1ØMP /PSUF POEF PT DJFOUJTUBT UBNCÏN WFSJGJDBSBN BP BSFBM BMHVNBT BMUFSBÎÜFT OB EJSFÎÍP EPT WFOUPT QSFEPNJOBOUFT RVF UFSÍP FWJUBEP P BGBTUBNFOUP EPT JDFCFSHVFT 0 DFUJDJTNP EP JOWFTUJHBEPS UFN B WFS DPN B GSJF[B EPT OÞNFSPT 0]Oa![ta \]b QWOa ² VN QSPCMFNB NVJUP HSBWF F RVBMRVFS CPB OPUÓDJB Ï CFN!WJOEB i/PT BOPT EP TÏDVMP QBTTBEP FTUBWBN FTUJNBEPT DFSDB EF TPCSFUVEP TF BQPOUBS QBSB P DSFTDJNFOUP EB DBMPUB QPMBS EP «SD NJM RVJMØNFUSPT DÞCJDPT EF HFMP F P WBMPS RVF BHPSB FODPOUSÈNPT UJDP FN $PN CBTF FN EBEPT SFDPMIJEPT QFMP TBUÏMJUF $S ZP4BU Ï VN EPT QJPSFT EPT ÞMUJNPT BOPTw BMFSUPV "OEZ 4IFQIFSE EB "HÐODJB &TQBDJBM &VSPQFJB JOWFTUJHBEPSFT CSJUÉOJDPT DPODMVÓ /P QBTTBEP NÐT EF TFUFNCSP B FYUFOTÍP EF HFMP OP «SDUJDP SBN RVF PT TFJT NJM RVJMØNFUSPT DÞCJDPT EF HFMP SFHJTUBEPT FN FSB EF NJMIÜFT EF RVJMØNFUSPT RVBES BEPT ² DFSUP RVF UFSÍP BVNFOUBEP QBSB OPWF NJM IPVWF VN BVNFOUP GBDF B NBT P SFTVMUBEP Ï BQFOBT P i² VNB ØQUJNB OPUÓDJBw BENJUJV "OEZ 4IFQIFSE VN FTQFDJBMJTUB TFYUP OB MJTUB EPT NÓOJNPT EB TVQFSGÓDJF HFMBEB FTUBCFMFDJEB EF PCTFSWBÎÍP UFSSFTUSF EP 6OJWFSTJUZ $PMMFHF EF -POESFT RVF EFTEF FTUBOEP MPOHF EF BQPOUBS QBSB VNB JOGMFYÍP OP DPOTJEFSB RVF iNFTNP BTTJN OÍP QPEFNPT FYVMUBS QPSRVF Ï P SJUNP EP EFHFMP RVF FTUÈ OB PSJHFN EP DSFTDJNFOUP EP OÓWFM SFTVMUBEP EF VN ÞOJDP BOP F EFQPJT EF VN 7 FSÍP NFOPT RVFOUFw EPT PDFBOPT

7<D3@<= " !'

;=2/ bS\R}\QWOa

17<B= S[ SZtabWQ] S ^SZS ¼%# /\RS`a]\a 1/:o/A S[ OZU]Rx] ¼" ;O`Q Pg ;O`Q 8OQ]Pa

>=:= S[ OZU]Rx] ¼## 5cSaa 8SO\a

17<B= S[ UO\UO ^`Sz] a]P Q]\acZbO 3`[O\\] AQS`dW\]

B A67@B S[ OZU]Rx] ^`Sz] a]P Q]\acZbO 5cSaa 8SO\a

1/;7A=:/ S[ Zx ^`Sz] a]P Q]\acZbO HORWU D]ZbOW`S

Ï1C:=A 23 A=: Q][ O`[Ozx] S[ OQSbOb] ¼ $# AOW\b :Oc`S\b

2SWfS aS Q]\bOUWO` ^SZO T`SaQcÒ S ^SZO S\SÙWO R] OhcZ S S\b`S \] dS`x] S[ UÒ\RS SabWZ] >]` ;OTOZRO ;O`WO`Sa

'PSFWFS #MVF

1/:o/A S[ OZU]Rx] ¼ ## >OcZ A[WbV

0:/H3@ S[ OZU]Rx] ¼" ;O`Q Pg ;O`Q 8OQ]Pa

1/;7A/ S[ OZU]Rx] ¼ " 5cQQW

@3:Ï57= S[ Oz] Q][ P`OQSZSbS S[ aWZWQ]\S ¼ "' B][[g 6WZTWUS`

:/1=AB3

1/;7A=:/ S[ QOfS[W`O ¼$'# 0c`PS``g :]\R]\

17<B= S[ QO[c`zO ¼" :]`] >WO\O

A/>/B=A S[ OZU]Rx] ^`Sz] a]P Q]\acZbO >S^S 8SO\a " 7<D3@<= "

1/;7A/ S[ OZU]Rx] ¼ & /Q\S AbcRW]a

1/@B37@/ S[ ^SZS ¼!$ ;716/3: ;WQVOSZ 9]`a

1/;7A=:/ S[ dWaQ]aS ¼ # /Q\S AbcRW]a

0:/H3@ S[ OQSbOb] S dWaQ]aS ¼ ! /ZSfO\RS` ;Q?cSS\ 1=:/@ S[ ^]ZW{abS` Q][ [SbOZ `SaW\O S Q`WabOWa AeO`]daYW ¼"## AV]c`]cY

D3AB72= S[ OZU]Rx] ¼" 1O`dS\

>C:A37@/ S[ ^SZS Q][ bOQVOa ¼ $# 0OZS\QWOUO

Ï1C:=A 23 A=: Q][ O`[Ozx] S[ OQSbOb] Q][ QS`v[WQO ¼""# 2]ZQS 5OPPO\O

%PDFT 5FOUB£±FT

0C@03@@G >@=@AC;

1/:o°3A S[ OZU]Rx] S aSRO ¼#' DOZS\bW\]

2SZWQWS aS Q][ O acOdWRORS R]a b]\a ÔabSZ S W\dWabO \c[ Z]]Y TS[W\W\] ÔÒ O \]dO SabOzx] >]` ;OTOZRO ;O`WO`Sa

A/7/ S[ aSRO ¼ %$ "$ DW]\\Sb

0@7<1=A S[ [SbOZ Q][ ^SZS S Q`WabOWa ¼" # >`ORO

B A67@B S[ aSRO Q][ Q`WabOWa ¼!& B]`g 0c`QV

1/@B37@/ S[ ^SZS ¼ %' AOW\b :Oc`S\b

/<3: S[ ]c`] Q][ RWO[O\bSa Q]`OZ aOTW`Oa S Sa^W\SZO ^`Sz] a]P Q]\acZbO DO\ 1ZSST /`^SZa

A/>/B=A S[ ^SZS ¼# # 8W[[g 1V]]

7<D3@<= " "

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1=<137B

Sa R] =a dOZ]``b] \O ] RSa^ ^Saa]OZ ] T]`[OzxXSb] RS DWRO ] ` ^ C[ S\a S ^O`O 8]dzOa \ 1`WO

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FNPOTUSBS RVF TÍP NVJUPT PT CFOFGÓDJPT EF TF FODBSBS P EFT QPSUP DPNP GJMPTPGJB EF WJEB Ï P HSBOEF PCKFUJWP EB "DBEFNJB EPT $IBNQT RVF BQPTUPV OP EFTQPSUP DPNP VNB GPSNB EF JOUFHSBÎÍP TPDJBM "USBWÏT EP EFTFOWPMWJNFOUP EF TLJMMT EF DBSÈUFS QFTTPBM TPDJBM F QSPGJTTJPOBM B "DBEFNJB EPT $IBNQT "%$ EPUB DBEB KPWFN EF NFJPT RVF MIF QFSNJUFN BTTVNJS P DPOUSPMP EF VN QFSDVSTP EF WJEB BUSBWÏT EP RVBM TF SFBMJ[B FORVBOUP )PNFN .VJUP NBJT EP RVF VN QSPKFUP EF PDVQBÎÍP EF UFNQPT MJWSFT EF DBSÈUFS MÞEJDP B "%$ QSPQPSDJPOB VNB QPTTJCJMJEBEF SFBM F DPO DSFUB QBSB RVF PT KPWFOT TVQFSFN PT TFVT QSØQSJPT MJNJUFT BCSJOEP OPWBT QFSTQFUJWBT QBSB B WJEB "P QSPQPSDJPOBS B FTUBT DSJBOÎBT F KPWFOT P BDFTTP Ë QSÈUJDB SFHVMBS EF EFTQPSUP B "%$ GPSOFDF MIFT GFSSBNFOUBT RVF PT BKVEBN B "

7<D3@<= "

FWJUBS DBNJOIPT EFTWJBOUFT B DSJBS VNB WJEB NFMIPS DPN IPSJ[POUFT EJGFSFOUFT F DPN BNCJÎÜFT RVF QPEFN BDBCBS QPS TF UPSOBS VNB SFBMJEBEF 0 EFTQPSUP QSFNFJB P FTGPSÎP PT CPOT BUMF UBT F B FYDFMÐODJB OB QFSGPSNBODF OÍP EJT UJOHVJEP DMBTTFT TPDJBJT PSJHFOT F DJSDVOT UÉODJBT EF WJEB " "DBEFNJB EPT $IBNQT SFGPSÎB QPS JTTP B DPNQPOFOUF QFEBHØHJDB EP QSPKFUP EFNPOTUSBOEP ËT DSJBOÎBT RVÍP JNQPSUBOUF Ï B TVB EFEJDBÎÍP B DBQBDJEBEF EF BTTVNJSFN DPNQSPNJTTPT DVNQSJSFN SFHSBT SFTQFJUBSFN B BVUPSJEBEF F P PVUSP BTTVNJSFN B DSÓUJDB F FWJUBSFN B EFTNPUJWB ÎÍP PV B GSVTUSBÎÍP 0 UÏOJT FORVBOUP EFT QPSUP JOEJWJEVBM QSPQPSDJPOB DJSDVOTUÉO DJBT QSJWJMFHJBEBT QBSB FTUF BDPNQBOIBNFO UP SFHJTUBOEP TF KÈ NVJUPT DBTPT FN RVF TF DPNQSPWBSBN NFMIPSJBT BP OÓWFM EB BVUPFT UJNB EB DPOGJBOÎB EB BUJUVEF TFOEP FTUBT BQSFOEJ[BHFOT USBOTQPTUBT QPTUFSJPSNFOUF QBSB B SPUJOB EJÈSJB EPT KPWFOT FOWPMWJEPT

1][] Tc\QW]\O O /QORS[WO" "DBEFNJB EPT $IBNQT HFSF EJGFSFOUFT OÞDMFPT F EJTQPOJCJMJ[B BVMBT EF UÏOJT TFNBOBMNFOUF $BEB OÞDMFP FTUÈ BTTPDJB EP B VN QBSDFJSP TPDJBM MPDBM RVF DPN PT QSPGFTTPSFT EB "DBEFNJB TÍP PT FMPT EF MJHBÎÍP DPN BT DSJBOÎBT F BT SFTQFUJWBT GBNÓMJBT &TUB FTUSFJUB SFMBÎÍP DPN PT BMV OPT QSPWFOJFOUFT EPT CBJSSPT FN RVF TF TJUVBN PT OÞDMFPT QFSNJUF Ë "%$ JEFOUJ GJDBS TJUVBÎÜFT QSPCMFNÈUJDBT DPN SBQJEF[ F BQSFTFOUBS TPMVÎÜFT DPN NBJPS FGJDÈDJB Dg\Vc^oV idgcZ^dh Z VXdbeVc]V V Zkdaj" d Ydh Vajcdh RVFS BP OÓWFM EB NPEBMJEB EF o UFOUBOEP GPSOFDFS MIFT OPWBT PQPSUV OJEBEFT BUSBWÏT EP UÏOJT F BKVEBOEP PT B EFTFOWPMWFS DBQBDJEBEFT RVF TFOEP IPKF USBCBMIBEBT QBSB B QSÈUJDB EP EFTQPSUP MIFT QPEFN TFSWJS EF NVJUP BP MPOHP EBT TVBT WJEBT o RVFS BP OÓWFM EP BQSPWFJUB NFOUP FTDPMBS F EP DPNQPSUBNFOUP UFO UBOEP NPUJWBS F JODFOUJWBS PT BMVOPT QBSB

AOWPO [OWa a]P`S O /QORS[WO R]a 1VO[â S[( eee OQORS[WOR]aQVO[â ]Ù eee TOQSP]]Y Q][ OQORS[WOR]aQVO[â Vbbâ( dW[S] Q][ OQORS[WOR]aQVO[â

VNB WJEB NBJT TBVEÈWFM FN WÈSJPT TFOUJ EPT 6edhiV cV [dgbV d egd[^hh^dcVa Z cV ZbegZ" \VW^a^YVYZ EPT BMVOPT RVF QPEFSÍP FODPO USBS OBT WÈSJBT WFSUFOUFT MJHBEBT BP UÏOJT VNB PQPSUVOJEBEF QBSB B TVB WJEB QSPGJT TJPOBM " EJOBNJ[BÎÍP DPNVOJUÈSJB HFSBEB FN DBEB OÞDMFP DPNCBUF B EFTPDVQBÎÍP QSPNPWFOEP B DBQBDJUBÎÍP EFTUFT BMVOPT BUSBWÏT EP EFTQPSUP

OPT USFJOPT EP EJB B EJB TFOEP UBNCÏN NVJUP DPNQFUJUJWP OPT UPSOFJPT 6egZcYZ YZegZhhV F UFN CPB DPPSEFOBÎÍP NPUPSB w VeVc]V"WdaVh Vhh Yjd Yd Edgij\Va DeZc ÞOJDP UPSOFJP PGJDJBM EP DJSDVJUP "51 85" SFBMJ[BEP FN 1PSUVHBM UFOEP GSFRVFOUBEP HSBOEF QBSUF EBT BÎÜFT EF GPSNBÎÍP OP $*' IZb k^cYd jai^bVbZciZ V igZ^cVg Xdb gZ\jaV" g^YVYZ cdh Xdjgih Yd ?Vbdg! OP &TUÈEJP /BDJPOBM DPN PVUSPT KPHBEPSFT F OÍP BQF =CB@=A 4/1B=A 7;>=@B/<B3A OBT DPN PT TFVT IBCJUVBJT DPMFHBT EF USFJOP a]P`S ] 4WZW^S >S`SWÒ S ] O^]W] RO ;{RWa EP CBJSSP D ;âêZ iZb &- Vcdh Z XdbZ dj V _d\Vg i c^h KV^ eZaV eg^bZ^gV kZo QBSUJDJQBS FN UPSOFJPT cV 698 Zb _ja]d YZ ' %&%! EBUB EF MBOÎBNFO PGJDJBJT EB 'FEFSBÎÍP 1PSUVHVFTB EF UP EP QSPKFUP OB 0VUVSFMB EFTEF P QSJNFJSP 5ÏOJT EJB EF BVMBT w Xdb ZcdgbZ hVi^h[V d RVF B "%$ WÐ B ² VN KPWFN RVF MPHP OB QSJNFJSB IPSB .ÏEJT BMJBS TF B FTUB DBVTB BQPJBOEP P NPTUSPV UFS ]VWâ^YVYZ cVijgVa QBSB P EFT 'JMJQF EJTQPOJCJMJ[BOEP MIF UPEPT PT TFSWJ QPSUP FN HFSBM F QBSB P UÏOJT FN QBSUJDV ÎPT DMÓOJDPT OFDFTTÈSJPT QBSB FMF QPEFS SFB MBS MJ[BS P FYBNF NÏEJDP EFTQPSUJWP F UPSOBS GZkZaV ^bZchV YZY^XV dF GPSÎB EF WPOUBEF TF VN BUMFUB GFEFSBEP

=083B7D=A >`]^]`QW]\O` O Q`WO\zOa S X]dS\a ] OQSaa] u ^`tbWQO `SUcZO` RS RSa^]`b] ! 1`WO` TS`Ò[S\bOa _cS Oa ^]aaO[ RW`SQW]\O` S OXcRO` O Q`WO` c[O \] dO ^Sà^SbWdO RS dWRO Q][ \]d]a V]`Wh]\bSa S \]dOa O[PWz Sa _cS Q][ bÒPOZV] Sa^ `Wb] RS aOQ`WT QW] S bOZS\b] aS ^]RS[ b]`\O` `SOZWRORS ! C[O ^]aaWPWZWRORS `SOZ RS ac^SÒ`S[ ]a aSca ^` ^`W]a ZW[WbSa OP`W\R] Oa ^Sà^SbWdOa ^Saa]OWa RS QORO c[ ÔÒ c[O \]dO T]`[O RS SabO` \O dWRO [OWa aOcRtdSZ [OWa `Sa^SWbtdSZ [OWa SfWUS\bS S OQW[O RS bcR] [OWa TSZWh ! 1`WO` ]^]`bc\WRORSa RS T]`[Ozx] S RSaS\d]ZdW[S\b] ^Saa]OZ _cS ZVSa ^S`[WbO[ S\Q]\bÒ` \] b{\Wa S \Oa dS`bS\bSa ^`]TWaaW]\OWa `SZOQW]\OROa SdS\bcOWa aO ROa ^`]TWaaW]\OWa

7<D3@<= " "!

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$)"--&/(& 1&/5"+07&. " .0-%"3 .&/5&4 )} "/04

= 1VOZZS\US >S\bOX]dS[ { c[O Q][^SbWzx] _cS Q][SzO ^]` aS` c[O O^]abO \O T]`[Ozx] R]a [OWa \]d]a / ZbW[O SRWzx] T]W O^]WORO ^SZO ;{RWa _cS bS[ Q][] OaaW\Obc`O( 4Oh 0S[ u AO RS aS\R] SabS c[ Q]\QSWb] [cWb] dOab] _cS dOW OZ{[ RS \x] SabO` R]S\bS XcabWTWQO\R] O O^]abO S[ ^O`QS`WOa _cS ^`][]dS[ c[O dWRO aOcRtdSZ

ÍP RVFSFNPT GB[FS DBN QFÜFT RVFSFNPT NPMEBS B NFOUF EPT KPWFOT DPN VNB GPSNBÎÍP EFTQPSUJWB TPDJBM F NPSBMw FTUF Ï P PCKFUJWP QSJO DJQBM USBÎBEP QPS "NBEFV "OBJB QSFTJEFO UF EP $MVCF 1FOUBKPWFN QBSB B DPNQFUJ ÎÍP EF JOJDJBÎÍP BP QFOUBUMP NPEFSOP RVF SFVOJV BUMFUBT PSJVOEPT EF DMVCFT OBT JOTUBMBÎÜFT EP $PMÏHJP .JMJUBS " DPNQFUJÎÍP RVF EFDPSSFV OP GJN EP BOP MFUJWP SFVOJV KPWFOT EPT BPT BOPT EJT USJCVÓEPT QPS DJODP FTDBMÜFT 0 FWFOUP GPJ DPNQPTUP QPS USÐT QSPWBT OBUBÎÍP F P DPNCJOBEP EF DPSSJEB F UJSP i0 CBMBOÎP Ï CBTUBOUF QPTJUJWP EFWJEP Ë DPNQMFYJEBEF EB NPEBMJEBEFw DPNFÎPV QPS SFGFSJS "MFYBOESF 'FSOBOEFT SFTQPOTÈWFM QFMB PSHBOJ[BÎÍP FYQMJDBOEP PT NPMEFT EB DPNQFUJÎÍP i"T QSPWBT EF OBUBÎÍP WBSJBN FOUSF PT F PT NFUSPT F OP DPNCJOBEP "" 7<D3@<= "

;p27A /:7<6=C 1=; = 16/::3<53 >3<B/8=D3; ;{RWa 4Oh 0S[ u AO RS { [cWb] [OWa R] _cS c[O OaaW\ObcÒ RS [O`QO p c[O ^]abcÒ S O T]`[O RS SabO` RS c[O aSUcÒR]Ò _cS Q]\aWRSÒ _cS O aO RS { c[ Q]\QSWb] [cWb] OPÒ\US\bS _cS cZbÒÔaaO ] \x] SabO` R]S\bS >]` Waa] O ;{RWa O^]abO \O ^`SdS\zx] aS[ Sa_cSQS` O _cOZWRORS RS dWRO p \Sa bS aS\bWR] _cS acÙS[ Ô`QS`WOa Q][ W\WQWObWdOa _cS Q]\b`WPcS[ ÔÒ SabWZ]a RS dWRO aOcRtdSWa = 1VOZZS\US >S\bOX]dS[ { O^S\Oa [OWa c[ SfS[^Z] RS c[O ObWbcRS _cS dS[ O aS` RSaS\d]ZdWRO O] Z]\U] R]a O\]a S\_cORÒ\R] O ;{RWa \c[ _c]bWRWO\] RS `Sa^]\aOPWZWRORS a]QWOZ bO\b] [OWa _cS Oa acOa ^`S]QcÔz Sa ax] OW\RO [OW]`Sa \O TOWfO Sbt`WO [OWa POWfO ]\RS aS W\aS`S[ SabSa X]dS\a

PT KPWFOT QFSGB[FN VNB WPMUB Ë QJTUB EF NFUSPT F GB[FN UJSP DPN VNB QJTUPMB EF BS DPN DIVNCP EF 0 OÞNFSP EF WPMUBT BVNFOUB DPOTPBOUF B JEBEF EPT QBS UJDJQBOUFT 1BSB EFGJOJS B DMBTTJGJDBÎÍP IÈ VNB UBCFMB RVF DPOWFSUF PT UFNQPT F PT SFTVMUBEPT EP UJSP FN QPOUPT w "QFTBS EF OÍP UFS BT EFTQFTBT EP QFOUBUMP NPEFSOP DPSSJEB UJSP FTHSJNB IJQJTNP F OBUBÎÍP B PSHBOJ[BÎÍP EP $IBMMFOHF 1FOUBKPWFN OÍP Ï GÈDJM i" NBJPS EJGJDVMEB EF UFN B WFS DPN B QSFQBSBÎÍP EB QSPWB OPNFBEBNFOUF DPN B BMJNFOUBÎÍP EPT KPWFOT PT QSÏNJPT NFEBMIBT F USPGÏVT QBSB PT WÈSJPT FTDBMÜFT F B NPOUBHFN EBT JOGSBFTUSVUVSBT /BT ÞMUJNBT FEJÎÜFT EFWJEP Ë DSJTF OÍP QVEFNPT DPOUBS DPN BUMFUBT FTUSBOHFJSPT DVKB QSFTFOÎB FMFWB CBTUBOUF PT DVTUPT RVF JODMVFN WJBHFOT FTUBEJB F BMJNFOUBÎÍPw SFGFSJV "MFYBOESF 5FJYFJSB FMPHJBOEP B JNQPSUÉODJB EPT BQPJPT EPT

FF7 327o¯= <= 27/ 23 8C:6=

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