Page 1

ÓÎØÖÄÌÄÈÍÄÎÌÎØÍÓÙÎØÑÇÖ  

π

μ

†•š†¥—˜ ¢ª£˜¢ª¥˜š—| ÌÄÓÇÍÏÑÎÒÅÎџ| ›ª‚£Š›˜„•„„— ž  «„ ‚£˜¥—„

ÙÏÇÖ£ ˆ¿ÉÇÙÓÔÇ ÑÕÊ ÖÊÐÒÃ Ð ÖØÐÎÂÖÔØ ÉËÃÖÑÐ ÎÑ ŠÃÐÃÉÀÒÑÛ

†•¥£• †¢‚£Š—†¢¥¢ ™¢£ª‚„„¢

×ÃÑÆÇÆÓØÙÔÙØÆÐ ÙÔÓ›ÆÑÆÎÔÐÖØÙÆ

¢¥Š•™•”£ Š¥¢¦†¢ ¥˜™˜§ Š»ÌÄÑÀÎÎÖ¥¢š¢Š

ˆ¾Å

†¢‚ª šžš• — — ™ª”•£ —Š— †¢¥— š«— Š¥ š†„¢™

­×ÀÒÄéÒÓÎØÖéÀÆѽÓÄÖé¯ ÏÎÍӟÑÄÈéÒÓÇé3IEMENS ✔ŽÖÔËÏØÉϽÐÊʤ†ÒÿÜÇË ÏÇнÇÙÍÃÖÊÉÑÔ¿ÇÙ ÍÃËÒÔÑÈÛÎÃÍ¿ÕÇËÙ ✔ †ÇÐÕľÐÇËÊÈØÖË£ ÕÖÑÛÙÍ£ÏÒÑÛÙ ✔ ©ÔÀÏÑÙÕÖÑžÃÌ¿ÏÑÛ ÉËÃÑËÍÑÐÑÏ¿ÃÍÃË ÒË×ÃÐÀÍÂÏÃÃÒÑÎÂÕÇØÐ

†Š¢™Šª£˜–

£ÀÍÓÄÁο €ÈÐÑÆÎØé éËºÊÎØ ÌÄéÒÇÌÀÒ¼À ˆ¾Å 

¥£†•–•„„‚¢Š

‰Å¼ÆÆÄÈéÓÀé ËÎØÑȟéÆÈÀéÓÎ ÁѽÌÈÊÎé×Ñ»ÌÀ ˆ¾Å

•™™„—Š˜

—éÌμÑÀé ÓÕÍé¦ÎÑÅÀÍÐͧ ÓÎØé «ÑÈÒÓ½ÃÎØËÎØ ˆ¾Å 

†£¢•‚£¢„¢˜

…Ë»ÑÇÖ ÄÏÈÁÄÁÀ¼ÕÒÇ ÓÎØ馅§éÆÈÀ ÓÎÍ陟ÑÎËÎ ˆ¾Å


"IEIH:A

0E!.-0'('

AAA A "% 

:I,;,JEL

  /&0/3!# '#0.!. '0'(."3"0&)#



!(#! ( GIATOYW AGR?TEW /MYUOLOG>A?MVWMAW TELE>VSE )IANATELEIQSEIKAIHISTOR>A METIWDIARKE>WKAIANOLOKL=RVTEW KINHTOPOI=SEIW PR<PEINAXARAXTE> AGROTIK=POLITIK=

A "% 



%*$ )'$#, #* EP>TO <RGON .MF3NISH 3NESH VRA>AL?GIA ALL?TRIEWEYU@NEWKAIKOYB<NTAAP? MHDENIK=B3SHGIA?LATAU<MATA 9TSI E>NAI :LOIARX>ZOYNMESOR?PIAKAI MET3THBL<POYN.YRIP>DHDEW

A "% 



!")"&* AP?TOMAGAZ>TOY KOLLHTO@SOY AP?PO@UACVN>SEIW1I O-ARKOZ>E>NAIKOLLHT?W 6OU<MAE>NAI ANYP3RXOYNTAT3LIRA

A "% 

 

"*+%"#*$%& AP?THN KO>MHSHTOYMAKARISTO@ 8RIST?DOYLOY .KE>NOWEKOIM=UHKAI APHLL3GH /.KKLHS>AVST?SOGENIKQW POT<DENKOIM3TAI 4YNKAIAE>KAIEIW TOYWAIQNAWOIPOMP<WTHW

A "% 

(+'&+12' 3)*4)+* .-*)/$+/*42-(*42'' /*"-*/$&5/#( )&' ) $ / 0(+*-*. )&' . $( 3*4'/* +*('$./ )$ )/ ',2(!*'*)/  '$&0*0*)&$. +.*42 +$+'*)  ) )$4)/))+- $/'*2( ' 2 /$2.*-2+-(/-*42/*4+-*'( /*2)*$3/2



.4(+-.(/$#&*$)1)$&4.-.& $ 3 $#" $%1+/&'*+$/1)&*( (/1)&$4/ )$. 4//#!.#+-1 /./12"$/#)&4-)#.#.  / -# )")1.#"$'*42/*42''*42/*+$*4 .- ./*()4( /&4 -)#/$& +$/  '  +$&-/ /-(*2"$/* ) 3( )* .*$.( -)/$-*)&/& -(/$.() -$*)-*4).#( *.4))/#.#2

*4./3#( )$ +$+-*.0/12/$*/ #&4-)#.# $% /#$0 .#)+-*31 -. $. + -$/-1'. $2*/ /*  !)#& /*$(*)+-( $12( ''*)/$& &4-)#.#. )5/#(/**+** )$ &-.$(*"$/*.)*'*/#2+ -$! - $&2 )+/4%#2$+*'$/$&(-#/-+3 .& $./*42&(+*42/#23,-2/*$(#) &/+$ /*+*'$/$&../#((  *()* /$#! /$)"-*/$&&$)#/*+*#.#+*4  ) )$$*/$/ ' $,) $ ,4+-% #'$"/ -* ' "3( )#+&((/

/*$*.#( *&/+.)+$0)/#/0 4+-% $#( "' 2 /$-  25*4)./ +')/*42/* ) 3( )*.*-,)+ -$ &*+,)/*+* 120+ -$'( )*4)&$+*'. $2)/* +( )*$ ./#(/*$&*)*($&/*42+*/ '.(/  +$ $)10*)$( ''*)/$&*+*'4()*$ '*$+)/)- 0*)./*42-(*420 )$*&/'/#2"$/#.4))1.#/1)$ .+-/1).( -&$)#/*+*$. 1)&$)/$ -. 1)

) %' "&/#+/*&*((/$&../#( (12/)&$#)/-3/*4 & (-*4 ( +-1/"1)$./2/*42+$/.$-$& 2&*4 &*4'*!-*42&$(# (+/1.# +) '()( )#'*$+) ) )$.(+/1.# ./* )$( .#/+-+)1/*

*3 $-/ -* "$/#)+*$&4-)#.# 0 )$/$ )0(+*- ).4&*!)/ . $/#)&*$)1)$&0 ''&$/*42)-"*42 */ 12&*4&*4'*!-*42*/ 123- (*!# 2/1) +$*/. 1)/ (12 0 )$+*'-""$'*42 +*$4 )//#/+*'$/$&2$3 -$.#203 $+' *)30 

"% 

.A8HCEL E@I,H=@L I:G=9C:I: E@@<5=L

.*36-2-97.0"*9&.7*#&94> 541>8>?-9-2!34>   -   :&!57*5* 3&2&<0&9&'1*.940&9.9#<2&<,.& (>=.0"4)%3-2&<5&7!);8*9-3 5&7&,,*1#&2&<9*88*72.8.=7$3.& &7,$9*7&0.!=4>2*0.!3&8;7$722&9& ,.&9-,4%3&9-< 9-351-768&2*0&.?-9"8&2*0&. 8>,,362- >9$:&5*.3&).&:!9*.0&3*#< $342&0&.0%74<89-35&,0$82.&&,47

"=B    

>89>=6<9&&39#:*9&8&>9$39430$824 574854.4%39&.94!3&94114 .-1#:.4. 94><!/>534>< 4.801-74#94>< 97>+*74%< 4.8>39-7-9.04#94>< *5&3&899*<0&.4.0&9&8974+*#<94> 5*7.'114394<94><4.041$,4><'1  "94.>7;5&@0"5*3)>9.0"75*?&

"=B 

 

4.0414,#&,*3.06<&549*1*#5*)#43 )$/-<1&257$3,.&94><&5&39&=4% 0&.7480$54>< 84.:!14>33& &54042#84>35*7.88$9*7&/4)*%439&< 1.,$9*7& &516<)-1634>34.041$,4. 67&9*1*>9&#&21.89&4.*5.=*.7"8*.< &39&,;3#?439&.2*9&/%94><5*7#94> 54.4<*#3&.5*7.88$9*744.041$,4<

#%#+#,"'#,* PER> DIKA>OYA>SUHMA +<LOYNNATA MOIR3ZONTAI?LA 6OF>FTIF>FTI?MVW DENE>NAIP3NTAD>KAIO .IDIK3?TANTO DIAIRO@MENOANTIKE>MENODEN PROSF<RETAIPROWDIA>RESH -YN<BH KAISTHN1@PRO

A

,<MPTH 0ANOYAR>OY



"=B  57#,0.5&<4>78# 2574897-<9;3 .&5;3.063)>32*;3 3&<"7;&<0$2.0 2*,4>71;92&90.&0&.0$00.3& 2,4>1&94363*.94-:.0$9;32&=-963 9-<5;3&941"< &2.+47*5.:*9.0$9-9&*3)%*9&.9.<5.4*.7-3.0!< 0&.*%5*59*<280*<

 

"*$%)'#$%#* <NAW3NURVPOW OR?SHMOGIA?LOYW?SOIAG3PHSANKAI AGAPO@NTHS3TIRA )EQRGIOW-OYR=W -TOISTORIK?MAWDIS<LIDO

1!.-0'('2

!EB@I@A6":I@G@A6A:@ #FEA:BMFI@A6 =>?C=G7<:

(#%!%)!0& $%SEL>DEW 

(  

(MEPROSFOR3 /#*%'# ;DRAW2ILELL=NVN AL3NDRI    1VDIK?W  ?B   -@NTAJHW     %"#"!%  '""$  %%# &&&%"#"!% $ 4 ',&#3*.&5$42)&)-248.4,7+;3 >563*9&.89.<*,0&9&898*.<9-<  >014+47*#&5$9457&0947*#4).&342"<%54> 7,4< 3054>)*3'7#80*9*+%114" ).&5.8968*9*454.&)"549*&3;2&1#&,%7;&5$9).&0#3-8- 9-1*+;3"89*2&<

"=B  .KD?THW*IEYUYNT=W

#-0+-&"%

#0. #"

*IEYUYNT=W9KDOSHW !#-#&" (.30.3*#" *IE@UYNSH-@NTAJHW "0#3/."4/'"0#(.!.3 ." 7PE@UYNOW;LHW !%0/."#/#$#-&" 5IKONOMIK?W*IEYUYNT=W )#/(."$.30"'-." .MPORIK=*IE@UYNSH .3(#"!#!#-'(. #.3 *IE@UYNSH*IAF=MISHW #--#$'# & ?B5>KD: MPORIKO@M=MATOW

 



'1&06+"/,*04/(#*'156"/,*'(#-'1%

%'1, #031#/'(('1&+-/,

#6/.%'1&+6/.-&(' %'1,+ 6-),'-,(0*,('*')*#%'*+#4()6!& ,"5#1'1-+1 -5#'/%/$('1#-'01/$#'+ 7&1&2,+%('/0#(2#-#/-130&-/,1'*01#1&+-,01,) +1'%/$3+*5/'-/1&/0#'4'"#4((#406* ,6)4 #-'0(!#'4(1-/,1*&0& #61/('*-1&-)&/,$,/#4 #'"0#'4(*('"'$&*0#'4

1!.-0'('2 IE 1!.-0'('2":L 5$94 1979 *


$ 

UUU )"

):=A5  .;<F.?+<F

[[

)!+ #'+%$%&$'#($!'"$ ,#$-#$! .$

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

A

=,A58-99.A<F"8:=<F#&=<F=.?2:=6=A,;ACD A5 148C@24?6.&@A5%?F/15A5D@8.;1.9<9< 4+.D.8?</.A2+58F/)?;5@58.68AC.=,A.=,16. A5DE@826A<)?2/<DA5D289<468*D.;.:)A?5@5D @A<<=<+< @-:3C;.A<F9E6@A<;:2A6D15:<@8<=* @26D 2+;.6.1-;.A<;.=51*726EC?+D;.86;1F;)026:2@</.?, A.A.A?.-:.A. 8F/)?;5@5 )E<;A.D12EA2+:6..8,:53=.27.6A+.DA5D

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

!&+ %*' ($- ($)"(+ %&$&$!$+

$='.FA*;A5;);;<6.5"@F:3C;+.#AC;1-< 46.A5;2=.;289<4*.=<-96.@A5;?<21?+. A5D5:<8?.A+.D A5;<=<+.A5;=2?.@:);5 2/1<:1.@.D.=<89F02A<"# B.)=?2=2 ;.=?<@426>@26A5@FG*A5@5=2?+162;)?426.D 289<4>;@A.F=.?8AG5A*:.A.8.6=?</9* :.A. A6A)A<6< C@A,@< 12;4+;2A.6 16,A6 =<9-.=98.6<61-<:249<6A<F=<96A68<:.D@F@A*:.A<D)E<F;=<99<-D9,4<FD46. ;..=<3-4<F;:6.A)A<6.@FG*A5@5

 

      

 4)02).!00%20/9$ /%"$/-$%7 ').%-934)+39..4(3( !0!.$2/9

02+%)4!).!$13/9.0!24!3(34/."/-)!7 4%,%)6-.(7+9"2.(3(739.!).1.4!7 34(.%+,/' 2/$2/9!04(.0!2/ 3!

($ " &$!$ !0/ ,)!%0)"%"!)1.%)0!.('92)+4(.! 0/+,9#(4/9 4(.02/('/ -%.(%"$/ -$!4)8%)+,%)$13%)(%+./990/#( &)4(4!4/9 2/$2/9 4/ %.!)3!&74)$%.02+%)4!) .!!$%)3/9.4/. 2%$2/0/902/28%4!)! 04!30,8.!4/97/ 4%.!4/.%-0,*/9. 34(.0/,)4)+!.4)0!25%3(53(0/9$)! 4901./9.34/0!2!3+.)/%.!)!0,  %.

/9,904(.02/;05%3(""!)!4)/! 2!-!.,7$%.5!/$('(5%3%%+,/'7-3! 34/ 944/'.62:%)+!)/ !0/ ,)!7%.14/ &(3%.!$)!&!.%+!)-%4(39..4%9*4/9 34/.,% 5%2/ 0/4(.0%2!3-.(9 2)!+/'2!--!4!74/95.)+/ 9-"/9, /94/9  !'+/ 3(7,'/.4!74) 4(.024!3(')!4/. 2%$2/4(7 (-/+2!

\\

D1<-:2,:CD:28=<62D92=A<:)?262D=>D<?+G<;A.6=9)<; A<=.6E;+168.6A.@2;?6.4-?C.=,A5;289<4*A<F2=,:2;<F ?<)1?<F .8?6/>D2=261*B.=?2A2:6.=2?6@@,A2?<@.3* 268,;.46.A<=>DB.27296EB2+A<2=,:2;<16@A5:.8.65289< 4<9<4+.

   ;ACD58F/)?;5@5)1C@28.615:<@+CD0*3<2:=6@A<@- ;5D@A<;?<9<.=<-96.&8.6=>DB.:=<?<-@2;.8;26.9 96>D &@2:6.=?<@=B26.;..;.8,026A5;289<4<9<4+. =<F) E263<F;A>@2646.A.8.9 =?<@=B26.A5D8F/)?;5@5D*A.; @.3*D8.6)46;2:2A<;=6<2=+@5:<A?,=< .=,A<;=?>A<A5A 726F=<F?4,?<8,=5.F9,=<F9< 2:6.@A64:*=<FA<=?,/95:.F=*?E2@A< :2AA6D 159>@26D )==.46.A5;289<4*A<F?<)1?<FA5D5:<8?. A+.D 2:3.;+@A582 8.A,=6;@F;2;;,5@5D:2A<;.?.:.;9* < .F9,=<F9<D8.6@A*?672:2A5@F;);A2F7*A<F@A5;"=<42F :.A6;*#A<;.=<-96.A<;+G<;A.DA5;.;4852=.;289<4*DA<F F=<F?4,D@CA2?68>;)@A2692A<:*;F:.46.;..;.8,026A5; 289<4<9<4+. .?',A658F/)?;5@58.A54<?<-@2A<46.:68?< =<96A68=.6E;+16.8.6A2?A+=6.4-?C.=,A5;=?<21?68*2 89<4* 2:3.;+@A582;.159>;26=.?<-@. .612;*A.;:,;< <.F9,=<F9<D A5/<-9.A5D8F/)?;5@5D)/.92:22=+@5:< A?,=<8.6<;A>;.?<DA5;2=<:);5A5D@F;);A2F75D A52F A)?. 168.6>;<;A.DA<"#46.,A6)4?.02A5;=2?.@:);5) :=A5 ,A65 B.7.;.=?<A2+;26.=<-96. 28A,D2;<+ 16<DA5;A292FA.+.@A64:*12;2=6BF:*@26;.2+;.6F=<0* 36<D !5;=?<54<-:2;5):=A57286;<-@.:2A<?2=<?AG:2A5; 2=6@*:.;@5,A6,9<6@2 8.69<4.?6G<F;EC?+DA<; 72;<1,E< 159.1*A<;.=<-96. 8F/)?;5@5A51<F926A5D) 8.;28.6/4*8286.=,=;C:2A.=F?=<F28A,72F@.;<6. 4<?+A5D8.62H:.?85D,A.;< )==.D;<672A<B):. 8.A5 4<?>;A.D8.6<61-<A<,A6=.+G26:2A<FDB2@:<-D .?.:.;9*D12;B)926;.E.9@26A5;?6@A5@E)@5=<F)E26 :2A<;?,21?<8.6;.A6;.EA2+A<@-@A5:.@A<;.)?. A<. 7+:<F3</<-;A.6,A65@F;2E*D.;.3<?@A<,;<:.A<F. =<-96.8.6A.@2;?6.46.A5;=?<21?<289<4*:=<?2+;.15:6 <F?4*@<F;B):.8.6;.3)?<F;A<;?,21?<@21-@8<95B) @5 (=CD9);2,@<64;C?+G<F;A<=.?.@8*;6< <.=<-96.D 2; 126,A6A<,;<:A<F;.4+;2A.6.3<?:*46..;A6=.?B2@5:23, ;A<A6D=?,C?2D289<4)D 2+;.6=<9-=6B.;,;;.159>@26,A612; B.2+;.67.;F=<0*36<D ;ACD5=?>A52=.3*46.A<B):.:2A.7-.=<-96.8.6. ?.:.;9*)E264+;268.6282+<=?CBF=<F?4,DA<;2;5:)?C@246. A5;=?,B2@*A<F;.A<;@A5?+726

4!75!4(.+.%)-%4(.#&/4/9%,,(.)+/ ,!/ (+9"2.(3(4/9 (/0/!5! 02/+ #%)-%44)7%+,/'70/95!'./9.0/ , 3 .4/-! 53(,/)0.4/9 %.!)4)(%0! .!&/24/95-!4/74(7%+,/'74/9 2/ $2/9!04/. !9,0/9,/!0/4%,%-)!!0/ 498(-.(+!)!0,0)$!02/305%)!.!%0! .,5%)4/5-!34(.%0)+!)24(4!.!!,,*%) (0/,)4)+!4:.4!+!).!342)-684%4/  04(7/93!70.4670!24(.'+2.)! 0/9902*%34/+--!!04(30/9$4/9 ( -42(00!.!!./*%)4/5-!4(7343(7 4/9 +!)4(.!.4,(#(-%2)+1.4)4 4/)%7+).3%)7$%.02/!.!'',,/.4!)+!)-

U

,)34!.!.82./02).,/)!.!'.62:/9.4) 4/ $%.-0/2%.!3&92:%)!$)&/2! 4!.25%)(12!.1$(,!$4/0/9 -0/2%.!02/+!,3%)%+,/'7.!!0/$%84% 4(.024!3(4(7 "':/.474(.!04( $ 3+/,(53( )%+,/'7!.-82)44%$%.8/9.'.%) -/):/9. -/.$2/-/7 +!) -,)34! /) /)8/9.!0/&!33%).!-(.39--%4 38/9.+!.34)7!28)+742%)70214%7#(&/ &/2%74(7/9,7 !$(,13/9.4)(812! 82%):%4!)%0%)'.467%+,/'7+!)4)(343( 4/97$%.8%).!+.%)-%,,%)#(3%"!3-/ +!)!0/$/8734/02360/4/92/,/9 ! 0/ ,)!!&/ 5!$%3-%94/ .4)5!4/.#( &3/9.!-367-%467+9"2.(3(

U


%

UUU

 

&7:>2 +89C+<(9C

$$ (" ( " ( ("##"$#$& !&$ #'$!" '   &$ ($ (



<9A>3A/5691&A=&<8/>+325C,&<82=25+3 :<9=:+?/(7/.3+<<9&A=/036358+ :/(=/313+>28+85+7-2:9CC:<B/3=>28 5938'18;727/>>28+5+>=B/>2/569135'

:+<9B9691(+>@8>/6/C>+(@827/<;8 28 ;<+:9C9+<+7+86'A/89<B2=><;8/3>28 /569135'>9C+8>/:(?/=213+8+7:9<&=/38+/6&14/39( .39A>3A/4/6(4/3A>28/:)7/8227&<+=>2 29:9(+

,<(=5/>+37:<9=>=>90=7+>2A'>>+A &B9C8+<B( =/3>+:<;>+/=@5977+>35B>C:'7+>+5+3+8+./3 58*98>+38&/A=C15<9*=/3A >9+4(79C/:37&89C8)>3)6/A93+:90=/3A13+ >98B<)89>@8/5691;8?+9<3=>359:932?9*8&@A>3A +<B&A+<>(9C)>/?++:90+=(=/39+<+7+86'A + 09*?+&B/3=>+B&<3+>9C5+3>3A7/><'=/3A13+>+:93 9>35=>93B/(+>2A:<)?/=2A-'09C /85+3:)>/?+

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

=>989C06399:9(9A?&6/38+&B/36)1913+)6++:)>+ :+<+1@135C:9C<1/(+7&B<3>28+3./(+

[[



      

:/3>/635=/:<)@</A/5691&A

      

 

+=35':+<+.9B'/(8+3)>3 13+8+:8/=//5691&A :<&:/38+C:<B/3:<99:>35'8(52A'&=>@73+A:96* 735<'A.3+09<A7/>9 13+8+7:9<&=/38+/6

:<@?C:9C<1)A7:9</(8+:3=>/*/3)>3?+7:9<&=/3 8++8+57-/3 +6693C:9C<19(>9C +189;8>+A>28&8

    

893+:+<+>+43+5'=C8/(.2=2 5+3,D98>+A:8@+:$ )6+>9:<9=@:35)>9CA:963>35)7&6698 ./8.3=>D9C8 8++8>3:+<+>/?9*87/=C8+.&609CA>9CA+:<;>+0+3 8)7/8+/=@5977+>35;8=C15<9*=/@87/C:9C<135)

 

<@7+/(8+31/198)A5+3/:3,+<*89C8>9'.2+<82>35) 56(7+13+>285C,&<82=2

   

:(D/3=/8(52=>3A/:+8+62:>35&A/5691&A +09*2+C >9.C8+7(+=>3A:<;>/A/5691&A?/@</(>+3+:(?+82 8>@A 7&B<3>)>/?+=C8/B3=>/(26+E5(=>352:<9 =&113=2>@8-2090)<@87/69135&A./5+/>(+A$ 5+3 $  7/>28>+5>35'+C<91C+69*<9C5+3>28+5+> =B/>2:+<9B9691(+8+5C<3+<B9*8 +37)898+:+<+ >2<9*=/5+8/(AB?/A>29C6'5+3>3A><9:9691(/A:9C -20(=>25+8 ?+5+>+6,+38/>9:<9/569135)56(7+

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

3538'=/3A>9C8&9CC:9C<19*+3./(+A&B9C8/ 58/C<(=/3>98:<95>9B)>9C >98>C63+8(.2 :9C:3 =>/*/3)>39"<2A15</7(D/3)>3/5/(89A/(B/B>(=/3 87&=@:C<;8,<(=5/>+35+399C063A 5+?;A./8 +<&=9C8=/:9669*A93C:/<+<79.3)>2>/A:9C&B/35+3 >95+:&6@7++:)>98C:9C<1)!>2A3C:9C< 135'A:3><9:'A13+>2835989735'963>35' 9669( /(8+393C:9C<19(:9C.3+0@89*87/>28+:)0+=2>9C +<+7+86'8+/5B@<'=/3>)=9:966&A+<79.3)>2>/A

  

  

\\

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

U


  

UUU #

,=@D8 1>?I1B.?I 

¿

  917B/D5G1@?HFB?0>1@/D1=@</;1;19 8;I2,B>8C8@1>87IB.J59 :5H>A>D1G /D9?<?71B91C=/GE17.>59CD8>; <@8 19/@FG<,>51;/=1;192?I<5ID,GD8G! 1<<

D8G! ;196.<?GD?I?I6<9 @?I@B?1<5.65

;19I@?IB7?.@?I1>1<0?I>=53IHB19=.1;19/H9 =5D8>1<1J?>5.1D8G5:?IC.1GD8>;1D CD1C8 D? ;I25B>A>;/==1I@,CD8-DD1CDB1D879;-GC8 =1C.1G "1B1=1><-G;1D 65B5;19;,B49C5?B91;  /@FG61.>5D19 =911;/=12B1HI@B/E5C=8>.;8*

B?0 $?1@?D,<5C=1-D1>8! >15=61>.J5D19=5 %1;IBF=,>1&;19:5@5B1C=,>1@B/CF@1CD?>HA B?D?I17B?D9;?0;9>-=1D?G;19>116-C59HAB? CD?";19CD8>B9CD5B  ;IB.FGCD? >1@1.:?I>=@ <1 5>5.>19DIH1.?/D9D?" 5=61>.CD8;59CHIB/=5D 1@/ HB/>91;1979+1I D/45>,H59=5B.49?5IE0>8G;5>DB9; 8(1B $B9

CD1C8=5.1<,>5; @?9?9*1<<  /@FG5;D9= D19 1@/?B9C=,>?IGI@?IB7?0G ?9=1;B?HB/>95G5 @9@DAC59G791D8>;I2,B>8C8E15.>19?4I>8B,G

D197911>D9;1D1CD D8GD?I5@.@?<< HB/>915 HEB?0D?II@?IB7?0( >I>@B?,4B?ID?I

"<?71B91C=/GCD8>; <@8

CD9G>?=1BH91;,G;1948=?D9;,G5;<?7,G /@?I? H BD8GE1216D5.C5@?<<,G@5B9?H,G@B C9>?G 1@/=@<5

;19@BA8>2?I<5ID- B9C1G!.;?I1DC1

    $1< E8@?I,79>1>1@/D8>@<5IB D8G;I2,B >8C8G*8?@?.1@5B.=5>5>1<59D?IB7-C59?%;?9 >F>9;/G1ID?=1D9C=/G&791>1<-:?I>?9;9>8D? @?9-C59G*-D1>@?<<  5>5:5949;50D8;1>D1=, DB11@/D8>1BH- =51@?D,<5C=1D?=57 <?@?C/ @?I4/E8;5>1@5B C59CD139< ;19>15=61>.J? >D19/<?91>9;1>?@?.8D?9 )79>55@9<5;D9;-491H5.B9C8DF>17B?DA> 16?0

"9@ <19@?D,C0==1H?9D8G;I2,B>8C8G @?ICD- B9:1>D8! =5@ E?GCD9GD5<5ID1.5G5;<?79;,G 1>1=5DB-C59G H >?>D19;191@<AG?@BFEI@?IB 7/GE5FB5./D9;,B49C58CI>5D-CD C8D?I $1HB/>91@,B1C1>;198! FG;I2,B>8C8 :,H1C5/C15.H5I@?CH5E5.@B?5;<?79; CD?IG1 7B/D5G $1D5<5ID1.159;?C9D5DB FB1,@19:5,>1 @5B.5B7?@19H>.49 @?<9D9;/;195@9;?9>F>91;/ =5 D?@5B.68=?@1;,D?DF> 5;1D 5IBA @?I/ =FG5@.D8G?IC.1GD1=9C 5.>19HB-=1D1@?I, @B5@5>15.H1>4?E5.-48CD?IG17B/D5G @<AG ?1B1=1><-G;9>-E8;5791=911;/=86?B =55 @9;?9>F>91; DB9;

17B?D9 GE175.B?I>D8>@< CD9771;1D D8G;I 2,B>8C8G 91=911;/=86?B ?917B/D5G5:1@1 D-E8;1> =5D8>I@/7591CI=@197>.145:9A>17B? D?CI>49;1<9CDA>;19;I2,B>8C8G ;1961>D J?I> 5@.;19B1D1%7B?D9; &D?I@1;1< ;?I @?IE1 :1>1DB17?I4-C?I>%'591;19H1B C1G2B5@1 DB9AD5G;19=5?9@1@@?045G=?I-C1>17B/D5G'&

   "92?I<5ID,GD8G! =5D16,B?I>;<.=121 B0 16?0?917B/D5G5.>1940C@9CD?9;19;1E8=5 B9> ,BH?>D191>D9=,DF@?9=5D8=5.FC8D?I59C? 4-=1D/GD?IG 19/@FG<,>5?92?I<5ID,G ?91 7B/D5G>9AE?I>@B?4?=,>?91@/D9G.495GD9GCI> 49;1<9CD9;,GD?IG875C.5G 17B?D9 1B7?@5E1. >59;19@5B9=,>59,>1E10=1791>1 1>1CD8E5. D1@5B9CC/D5B1HFB9 81@/7>FC8@5B9CC5059 1@/D9G5@9@DAC59GD8G?9>-G7B?D9;-G?<9D9 ;-G;19D?=,<<?>791D8>@<59?>/D8D1DF>17B? DA>61>D J59%=10B?& $?;<.=1CD8>5@1BH.15.>195HEB9;/791D8>;I 2,B>8C8;19?971< J9?92?I<5ID,G=5D16,B?I> C5,71B?1:.=?I;19#87.<<8G=8>0=1D1?B 7-G791D8>17B?D9;-@?<9D9;- @?I,BH?>D19>1 @B?CD5E?0>C5=91C59B 1@/%=10B5G&DB0@5G 791D?>@BFEI@?IB7/ =5@BAD8D8>?9;?>?=.1

        

"?I6<9 G1>,<1254B C8;19@B?-4B5IC5 C0C;538G791>15:5949;5IE?0>D1=,DB1;19CI

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

>D/>9C5D?>6.<?D?II@?IB7/7B?D9;-G> @DI :8G (1DJ87 ;8;19D?>I@?IB7/"9;?>?=.1G1 @1E1>1C.?I "@BFEI@?IB7/GD?IG5=@9CD50D8 ;5 791D.>/=9J1>CD8>;I2,B>8C8/D9;IB.FGD?IG 17B?D?CI>49;1<9CD,GD?IE5CC1<9;?0; =@?I D?IG5@8B,1J5??I6<9 G "/7;?GD8G;9>8D?@?.8C8G 85==?>-DF>1 7B?DA>5@.@?<<,G8=,B5G;19859;/>1@?I5=6  >9C58;I2,B>8C8-D1>819D.1>15@9;B9E5.D/C?? ?I6<9 G D?I?@?.?II@5B5;D9=-E8;1>?94I>1 D/D8D5GFG@B?GD8>5@9BB?-CD?IG45:9?0G1 7B?D?CI>49;1<9CD,G /C?;19?(1DJ87 ;8G@?I ; @?91CD97=-1>17>AB9C548=/C91/D945>-:5B5

" """"$  $!" " % $"!$"% ! D11;B92-19D-=1D1DF>17B?DA> 59;/>1-D1> 1@5B.7B1@D8 16?0@?<<,G6?B,G?49 <?7?G79 >/D1> /H9CD8>1.E?IC1D?II@?IB75.?I 1<< =, CFDF>

  5/<5G1ID,GD9G5:5<.:59G8#87.<<8G-D1>1 @?0C1 "17?B.D8G45>5=61>.CD8;5@?IE5>  /@FG@1<19/D5B1?5K=1B ;8G =51@?D,<5C=1 >1H1E5.8=@ <1 5>,79>5;1=.1C0C;538CD? ;/==1791D117B?D9; ;191@<AG;1D17B 68;5D? 1@5B.7B1@D?;191@1B 45;D?CD9GCIC;,359GD?I (1DJ87 ;8>15.>19@1BA> FG=8/659<5 ;1EAG 5.>191>D9E5C=9;/ ?7B1==1D,1G17B?D9;?0D8G ! 5> 5B7.>8G@BA8>2?I<5ID-G5I; 41G

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

U


    

/+(-3'-$)20( .)("(0-'       65B<2:<2:C0@: DJ>32D:@1I@:E@JJA@JC86/@J@=:E:D>@1 @:@ A@/@:E@

.CF2?2?E:>-EGA@:>6<1>2>2K: <B?2A@=1D6G?3"D6:E@J 

2J =0A@J=@JJ>/K@J>60E:D1>7G?2>6E@ 0D@:6C82K0>6?@:DJ>A=.CGD2? >9?@DE@ ($56?-I@J?5:<2/G>26A2?2AC0D=949H!- IC:E@E-=@HE@J+ 2A@=1F9<2?A6C/A@J 

6C82K0>6?@:>6E6=6JE2/@<C@1D>2DE2E-=96 <6>3C/@J*GHE0E6  6C82K0>6?@:DJ>32D:@1 I@:A2C->6?2?DE9?6C82D/2E@JH=08GE@J0E:6/ I2?<6C5/D6:5:<2DE:<BH2D72=:DE:<">-EC2<2: A=9CB?@?E2?2A06:5:<0=@82C:2D>0E@J($ @@A@/@H0>GH<2E2C8.F9<6A@=:E:<.2JE.E@J JA@JC86/@J?256/I?6:E9?-;@5@D6A@=1A6:C@<: 6;6:5:<6J>-?@AC@DGA:<0A@J<2=1AE6:A"8:6H <2:5:2C<6/H2?"8<6H 59>:@JC86/E6C"DE:2<6?" D60=6HE:HJA9C6D/6HE@J>6D@32C-H6A:AEBD6:H DE9?AC@DE2D/2<2:E9?2?"56:;9E9HA@=:E:DE: <.H>2H<=9C@?@>:"H%9?/5:2BC2E@JA@JC86/@ A@J6/I6A28BD6:E@JH>0?:>@JH5:@C:D>@1HA- CJD:AC@IGC6/D6?-@JH5:@C:D>@1H>0?:>@J<2: -<E2<E@JAC@DGA:<@1>65:23=9E-H5:25:<2D/6H 0AGH<2E288-==@J?E2DG>2E6/2EG?DJ>32D:@1 IG?62JE0E@A=2/D:@AC0D72E2E@2?6==.?:@ G>2E6/@*<E2<E@JC@DGA:<@16/I66<59=BD6: E9?AC0F6D9?2AC@IGC.D6:D6<:?9E@A@:.D6:H ?56:<E:<"E@G>2E6/@C82K@>-?G?DE@($ )CE2HC-36K2HAC@IBC9D6DE@?2A@<=6:D>0 E9H7@C/2HC-36K2H<2:E@JCI2:@=@8:<@1 !@JD6/@J)CE2H-GH21C:@ @A0E6F22A@72D/ D6:E9DJ?-I:D9.>9EG?<:?9E@A@:.D6G?



$*(.#-# 20,1 *(.#-#    8C2>>2E-2%1A@JE9H ="32>66A:DE@=.9@A@/2-=686 &E@71==@  E9H

  <2:DE9D6=/52 >6 F->2=:D36C/D:8:24972="<:22?2A2C"86 E2:6?A@==@/H92?2<@/?GD9E9HJE0?@>9H2 C->32D9H>6E9?AC@DF.<9DI0=:@0E: 2/C?@?E2HE9D<JE"=99<2:27@12?-32=6 E9DJ?-?E6J;98:2E6I?:<@1H=08@JH56?<"=6D6 E@DG>2E6/@E9H @1?632DE9DJ?-?E6J;9%1A@J ,=@H@DI@=:2D>0H6/?2:461E:<@H<2:6>A2F.H 2:2JE08:2E/ >6=-E9E@J# >6@>07G?92A072 D9<2:EG?DE6=6IB?E9HJE0?@>9H2C->32 D9H.E2?6==:A-DE2E9<2:2?@=@<=.CGE9<2:56? >A@C@1D6?2A2C@JD:2DE6/D6DJ?-?E6J;9%1A@J 2JE0F28/?6:E:H6A0>6?6H>-C6H

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

A

) 

+<?C7 0=>H0A->H



$!' 1&(  24)(.$)$"0"1 3( (' --.'&#.#1

$-23,1 *$2 $,#'.$%1 )$%)"( $1 &" 1', 1/ %3%&)!),-)3(. 3*)'('. ,2' (# )'/  #( 2)3' %.*- *$/(.#..)(()$$)%..# .#1&3'*$%1 ,$))$  -' 3.$%1*,)-!),1 ($( .,.#"$%.#1 & $-.)-.2-.,)*&$ *,+#(-3( ,". 1.)3 $+,")3 *(,)3

A ,*&

3, 1 *+& $ 1

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

#$" %$ "!#) "

   :0DHBC4A,B4E= >A:-I4C08B, <4A0':0C?B0?8D0=.C7C0.C0=<0F 3801I4C4D0+G48,37>A:8BC4-'>H5H ?>HA6.FBEC4A8:@= E=BC0=C-=>F:8 >H;+:0F ?>H0=0;0<1=48C8F3/>6A0< <0C4-4FC>H ?;08?>C+H?>HA64->H / ?>H )C0==0>A:8BC4-:08B4<80?A>7 6>/<4=7:H1+A=7B70A0<0=;, 0;;C. C434=+:0CB4 >D+<0.<EF4-=08.C80 =0;0<1=48<44=C4;@F!943>=C80B<+=4F" 0A<>38.C7C4F 05>/>A>:.?7F0H;. ?>H;>F?,A4?=EC>HBG43.=C0?=C0 *?EF:08=0+G48 B834A>:+50;>F>=+>F H?>HA6.F  !  C>H1.;C0:08><8;-0 BC7=4:3,;EB7680C7=:>?,C7F?-C0F CE=6H=08:@=C7F +:0=4>0A0<0= ;,FC>1A3HC7F?4A0B<+=7F4HC+A0F ,64<4C70CB0:08+:0=4C>G0C-A8C7F ?0A0?>=4<+=7F6A0<<0C+EF6H=08:@= 0C4A-=0F0?0:@BC0 ?>H+<48=4<4C> C7;+5E=>BC>G+A8BC>=0=0BG7<0C8B<. 800:.<04BE:><<0C8:,58+BC0 ?A>4 :;>68:>/G0A0:C,A0 <40=+9>34FH?> BG+B48F:08?>;;!D0" ?>80?A6<0 C034=0;;I>H=BC7 '0:.<0>8;>68 :+F34:04C-4FC>H( :0;:A0C>/= :080=054AD,:0<4BC776-;;7F ?>;;:08385>A03803A0<0C-BC7:0= BC7=:>?,C7F?-C0FCE=BH=38:0;8BC@= C7F ?>H+68=4C7=?4A0B<+=70A0 B:4H,:08?+A0B4BG43.=0?0A0C,A7C7 4J<0A:7F90=06/A8B4BC>B?-C8C>H :08C>H5@=0I0=385>A>8:><<0C8:>-

!46;4<46;4#"!%0G0G0"64;>/B4> 066+;0F:080?0=C>/B44H38D4C>F

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


!  

*;>B6 /<=G/@,=G 

  

 %!%! %!  %"%$%#$%# 

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

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

$!+, &-*.('!,'1('$!,!+%' %,'1/'(''1/0, $.&!# (!#'!&.&'(*.-1('1*/ ,'1$&,!'&,)& /!+01*2,!,!,' *+#,!+#, +,+ +&&% &0!(* +!(# 1 ('1*/)#!(&,0*&! 1, $& &!#!1-'$#, ,'1 *%&$ ('1,&'(*),'/ ('1(*+./1('1*/(, & ('1%('1$&/ $('1%&+1&02,! ('$%!#0.*/! -+ ! ('$!,!#('$!,! +%

DB->=G:=G 7/B,B=/</4*@=G;3(F37 B=3<27/4*@=<B=G 57/B,=DB->=G:=E >@=*@F3B/7/>-B6/.>/9B= />)->=G *:937B6<9/B/5D5+B=G=27965-@=E3 :*96E9=G<72=EB=G=G:5/@969/7/ 23:4-EB6E/B3@,</E3:*96 <6!6 5,::6E/>=4/A,A37</;6<3,</78/<G>= 1+47=E=G7-E3:*96E;3B=164=2*: B7=B6E C/;>37=DB->=G:=E>=G 3,</79/74,:=EB=GG>=G@5=.<>BG86E '/BH6296

    =>@?6<5@/;;/B* /E=:7B79=.F327/A;=.,9=E/@/F :7=E +53AB6<9=>+B6E>,B/EBD<5G </79?<B6E 9/72+:DA3>/@?< /:: =>5=E;3B=</5=@,B623<*A>/A3 3< C*:37=*</E</0:*>37B=<::= /:: =/@/F:7=E37A*>@/83>@-A9:6 A6</B/>37;3B=<B/I9=.@/ "7 C/9<37=79-:/EB=3 >-;3<=27AB6;// 23,837 @=EB=>/@-<C/

AG;0=G:3.37B=<4,:=B=G3I;/@96 "@,B6C/5,<37AB6=G:+6 =<=;/AB79+164=4=@,/>=GH+B6A3FC3E B= 57/B7EB@=>=:=5,3E;3B7E=>=, 3E69G0*@<6A6/<=,537B7E>-@B3EB=G6 ;=A,=G57/ /<*@5=GE9/7B/GB- F@=</B6E3>7B@*>=G<</2?A37->=B39@, <37A9->7;= 26:/2+>@=39:=579 /> 3G@?39B9BDEA3/<*@5=GE   B6E"3B@B6E839/C/ @,AB693>=.C/5,<376AG<<B6A6B=G 7?@5=G/>/<2@*=G;3B=<:*9=:/ 0<= "=@/<B30=.C/2=C3,AB/5@/43,/ B=G>@=*2@=GB=G AB6=G:+AB7E

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

š

   

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




    

(&##!1.(#/*  $ $#/0-/ GM@M0KGBGSGVDXT?MGVFH@SGMDO=TDRG LDA>LADVLNK>SUE O;SQDVJ@HEUSNAN K=CDVRSGMJKN?A@SUM-'4RSGMNC>'FFDK0JG S@IGLDQPL@S@SGV

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

B6E 3@;/<-E !9/;>$<7/26;7=G@5+C693/>-B6< 9/7>3@7:/;0$<37B6:3=>B79*EB/7<,3E @/27=4D<79$ ;6<.;/B/ 9/B/FD@,A37E 9/C?E9/7-:/B/3@5/:3,/B=G3>7 9=7<D<7/9=. &=C*;/B6E>@?B6EB/7<,/E3,</765<DAB+>:* =<G>6@3A,/'7279-EAB= (>=GAB- F=*F37B6AG<3F+38=793,DA6BD<9/B/</:DB?< ;39$C3<*=B=G9G03@<=F?@=G

A

) 

%;LOSG +@MNX@Q=NX 

  

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

š

1,.#-)$!%-)1,"&)/

U

'MCQ;@V.N?Q@VJ@HNMNL0QWGV,@SRHJ> ONXKNV @O>MSDVNHANXKDXS;VSNX%'&2, OKGMSNX(;QQ@9J@H@XS>;J@MDDMS?OU RG #DSHJ0S@RW>KH@FH@SGMNLHK=@&GL=SG FJQ=MH@RSNRSQ@S>ODCNSUMOQ0RHMUM FH@S=GOQ>RJKGRGD=WDF=MDH@O>SNF@K0YHN DOHLDKGS<QHN /XWQ>SGS@L0KKNMLDS@ CH0ENQ@RSDK;WGSNX%'&2,ONX<S@MO@ Q>MS@ S@NON=@J@H@ONWPQGR@M@O>SGM DJC<KURG4NM&GL=SGD=WD@M@K0ADHGF@ K0YH@CHN=JGRGSNX)OHLDKGSGQ=NX7   NQF@MHRL>VSQNE=LUM ;WDH@O@FNQD?RDHRSGM,>J@,>K@M@

4@WXCQNLHJN?4@LHDXSGQ=NX'FFDKNV.H KHOO=CGVJ@HG@MSHC<L@QWNV"HDTMPM &W;RDUM&>EG"@RJ@K0JG-XSGKHM@= NX7%0MSUVG3NJNE?KKNXDSNHL0YDS@H M@D=M@HJ@HO0KHXONB<EH@LDSN%'&2, RSGM':'T<M@V7  OQ;ODHM@ODHRSNMC<L@QWN 'TGM@=UMM@RS@L@S<RDHM@DOHJ@KD=S@H SNOQ0RHMNSGVOK@SD=@V,K@XTLPMNVFH@ M@CD=IDH>SHLONQD=M@@M@OSXWTD=O0MU @O>SHVOK0JDVDM>VFJ@Q0Y7    @MNHJSN?CH@K>FNXNQF@MP MDHSN+&4'-)+MRSHSN?SN&SQ@SGFHJPM

   


  



UUU !

1BEI= 6CDN6G3DN 



3<D=EGDM:>G4I=I6B:I=CDED36HI2J=@6CD>;:I>C1L @>C=IDED>2H:>L A3<DD>@DBB6I>@1L9>:A@NHI3C9:LHI>L C1:L6C6C:KB1C:L:3C6>6A2J:>6HNCJ1H:>LIKC:E>

IGDEFC6<FC6 @$I>=6HNC:CCD=H36IKCBEA4@KC@6>I1ADL=

2E>66CI>B:IFE>H=@6>ID E6@:I$@>EDN1G686CHI6B1IG6 IKCB:<6AD6<GDIFCEDN1MDNC@6>ID

            

E$CKM1G>HIDC@$BEDD>DN;A>$L ,6IO=<$@=L 1;:G6C6GGNJB3:LHIDC 6<GDI>@4E6AB4B1H6H:1C6B4CD9: @62B:GD !>6L1A:<6CEDAAD34I>J6HNC1M>O6C (E$<DL)@6>(B>6<GDJ>$)B1MG>ID$

HM6'=CFG6EDN@$ED>D>@A>B$@KC6C $AAD>?:;D5H@KC6C EG4KG6*



        :C>@FL D>6<G4I:L7<2@6CM6A6G$HIDNL9G4BDNL@6>H@A2GN C6CB:I$ B1MG>EDNIDNLB6A$@KH6C@$EKLI6A:;I$ !6>1<> C6CE:G3EDNI6<CKHI$ 0EDNIDE$CKM1G>:3M6C9:?>D3 (E2G6C) IDC@N7:GC=I>@4BEDC6B$@6>6@4B=IG1MDNC 0EDN1E6>O6C HI63H>6B:IDNL$AADNLID(MGFB6)@$EDN*?1768: 9=B>DNG <FCI6L6CI>;6I>@1L@6I6HI$H:>LHID:HKI:G>@4IKCBEA4@KC 9>6HE$H:>L@6>I:A>@$M6A6G1L6ED;$H:>L<>6(@6JKHEG1E:>)

 # "   93KGDNL@6>IG3KGDNLHNB7DA>@D5L6ED@A:>HBD5L

9:5I:GDC9:C1@A:>H:.4EKL<>C4I6C$AA:L;DG1L<>6FG:L.=

,J:L;6<KB$G6:E>@G$I=H:@6>HI6'1BE= 4EDNFLID6E4<:N

@4B=@6>=(@DBB1C=HI695D)AA$966NI2I=;DG$9:C2I6C

H>9=GD9GDB>@2<G6BB2

B6I=C:3M6C@DE6C2H:>E:G3EDND>B>HD3@6>D>NE4AD>ED>19K

EA2GKL@DBB1C= "EDG:3HI=C:JC>@2D94:HH6ADC3@=L

'D(?2AKB6)$GM>H:B:IDNL6<G4I:LI=L:ADEDCC2HDNC66

H6CIDC9G4BDHI=C@N@AD;DG36

J=CFCI6BEA4@6C6HI2J=@6CH:'1BE= %3@6>6@6>">@GDJ2

EDMKGD5CI=C'G3I=6E4IDC HJB4@6>IDNL6<G4I:LI=LE6CD

A1EDCI6L6E4EG>CI>J6HNB7:3D>6<G4I:LI=L!67$A6L@6>

7:L 6AA$EGFIDCNE2GM6CE$CIDI:6CD>MID3E6G$9GDBD>@6>

B2L:HH6ADC3@=LC6I=C(@$CDNC)6E/I6G$H>C6#6C$G>6

IDNIGNB4C6HI>L<:C>@1LHNC:A:5H:>L6ED;$H>H6CC6I6B6O1 8DNCDG>HI>@$6E4I=C<C6I36@6>I=CE6A>$:JC>@2D94 '1ADL D>6<G4I:LI=L+!!BEDGD5CC66EDHNGJD5C4EDI:IDNL

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

@6EC3H:>@6I6<<1AADCI6LB$A>HI64HDNLIDNLIG$7=?6CIDM6A3 @$IK6E4I6E49>6

U :NGFHIDA$9>@6>E2G6C  :NGF U ;DGDA4<=IDE:IG1A6>D@6>E2G6CB1MG> :E>HIGD;2 HIDC:>9>@4;4GD@6I6C$AKH=L -E:>I66E4E>1H:>LIKC6<GDIFCI=L"6@:9DC36L BE2@:HI= 9>6EG6<B$I:NH=@6>IDG5O>@6>J6E$GDNC@>6NID3@6I>I3L '1 ADL HI6DEKGD;4G6EDNJ66EDO=B>KJD5C<>66@6GE36 =:C3 HMNH=J6@6JDG>HI:36C$EGDP4C@6>:3C6>E>J6C4CC6HNBE:G>A= ;JD5C@6>I6GD9$@>C6 ":<$AD>(M6B1CD>) D>@I=CDIG4;D>EDNBE2@6CI=CI:A:NI636 HI><B2HIDCMDG4.EGD;6CFLB=CE>HI:5DCI6L4I>@$I>J67<:>. O=IFCI6LD>@DCDB>@2:C3HMNH= :NGF6C$6><DEG476ID@6>  :NGF6C$6<:A$96 6EDO=B>FH:>LB1HKIDN<>6I=C@6AD @6>G>C2?=G6H36 65?=H=IKCI>BFCIDN<$A6@IDLH:  :NGF HIDEG47:>D  HID@6IH>@3H>D@6>  HID6<:A69>C4@6>B1 H=I>B2:NGFID@>A4<>6I66BCD:G3;>6 ':A>@$E2G6C IG366N<$'DNG@36L 6;D5IDE6@1IDIKC 9>H :?6CIA2J=@:HI66<GDI>@$ 0BKL IDB:<$ADEG47A=B6IKC6<GDIFC:3C6>4I>1MDNCEA1DC E$<>:L@6>6C:A6HI>@1L96E$C:L<>6I=C@6AA>1G<:>6 :CF6E4I=C $AA=:?6GIFCI6>6E4IDC@6>G4 I>L:E>9DI2H:>L@6>ID9>:JC1LD> @DCDB>@4E:G>7$AADC<>6I=C6E49DH=@6>I=CI>B2IKCEGDP4 CIKC !DCI$H:6NI$(7G6MC$L)1MDNC<3C:>@6>I66<GDI>@$9$ C:>6 EDN?:E:GCD5CI6 9>H :NGF@6>6G@:I$6E46NI$A2<DNCD HDCD5EK 6G$ID<:<DC4L4I>=@6I$HI6H=I=L:AA=C>@2L6<GDI>$LMG4 CDB:IDCMG4CD<3C:I6>E>D6E:AE>HI>@2 DN9:3L6HMDA:3I6>DN H>6HI>@$B:IDEG47A=B6 :CF4AD><CKG3ODNC4I>ID

EDNI: A:>FCDNCD>:E>9DI2H:>LJ61MDNB:9G$B6I6

U

&>B:<6A5I:G:LE>1H:>L6H@2J=@6CEGDLIDNL ('6A>BE$C)IDN GDB6MFC6 EDN6E4I=HI><B2EDN1@A:>H6CI6H5CDG619K H6CB4CD(6C$H:L)HIDNLD5A<6GDNL@6>IDNL9>@D5LB6LCI6 A>@1G=9:L6CD3<DCI6LEGDHKG>C$<>6:A$M>HI:LFG:L >6C6HE$H:>IDBEA4@D@>C=IDED>2J=@::@I4L6E4I=7DNA<6 G>@29>EAKB6I36 EDNB6LO2I=H:C6<3C:>E6G1B76H=H::E3E: 9DNGKE6P@2L-CKH=L$B6JD>6@4B=D>;DN@6G$9:LD><:3ID C:L6E4I1ID>6E6C=<5G>6 B1MG>@6>D@6>D>>9>D@I2I:L IKCIDNG>HI>@FCA:K;DG:3KC@6>IKC!' B=9>HI$ODCI6LC6 :@ID?:5HDNC6E:>A1L<>6B=C5H:>L@6>6<K<1L:@6IDBBNG3KC :NGF<>69>6;N<4CI6@1G9= 0HD<>6I6NE4AD>E6BEA4@6 N>DJ1I=H6CB>6E>DM6A6G2HI$H= 6;2CDCI6LE:G>HH4I:G:LFG:L<>69>1A:NH=;DGI=<FC@6>: BEDG:NB$IKC @$ED>66E46NI$@6>4A=I=C5MI65OKCD> DP G$C= !2ED> E3H=L HIDNL6<G4I:LI=LA6B$C6L@6>IKC">@GDJ=7FC6 E:NJ5CJ=@:EGDHKE>@$MJ:LD,6IO=<$@=LA1<DCI$LIDNLC6 ;5<DNC<>6C6:?:I$HDNCB6O3B1H6HIDCB2C6@6>I6J:HB>@$ 6>I2B6I$IDNL 4EKLIDJC>@4NB7D5A>D<GDI>@2LDA>I> @2L 0BKL@6><>/6NI4NE$GM:>@6MNED8366E4IDNL6<G4I:L (=A692 I><3C:I6>@6>B:I=C'6?>9$@>69:?>$@6>6G> HI:G$ =B:G39:L@6><>6B6L1M:>D:4L)1A:<6CD>6<G4I:L HI6BEA4@6 EDI1A:HB66NI2LI=L671A2I6C6AAD5C66C:763CDNCHI6 9>6@$D>(@DGFC:L)E:G3@A>B$@KH=L :CF6IDCD5H6CH=B6CI> @$D>@>C=IDED>2H:>L <>6C6;I$HDNB:6>H3KLHI=H=B:G>C2@6 I$HI6H= EDNJNB3O:>E:G3EDN(D>I:A:NI63D>C6@A:3HDNCI=C E4GI6)

U




 

UUU

O

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



1BEI= "6CDN6G3DN 

[[

(D@4HIDL6H;%A>H=L-2B%AADCID :E>94I=H=HI=CE6G6<K<2 @4HIDL6EDO=B3KH=L-:3C6>I1ID>D :?6<K<>@1L:C>HM5H:>L@AE93CDCI6> FHI:D>>9>KI>@1L6H;6A>HI>@1L 4M>B4CDHI=C 6AA%@6>HI>L! :I6>G:3:LDNH>6HI>@%1MDNC6EDGG38:> I=CNHIG6A36 I=&16 =A6C936 IDC    IDC@A%9D6NI4C #6C69% I=C"6EKC36 I=C(DNG@36 $:I%I=C6C6J:FG=H=I=L#D>C2L E3H=L 6C@6>HI=C D>:C>HM5H:>L      <GDI>@2LDA>I>@2L#ID   763CDNCB:>D5B:C:LID  E6G6@G6I:3I6>@%J:MG4CD1C6EDHDHI4 B:>FJ=@6C@6I%H:HM1H=B:ID   IKC:E>9DI2H:KCH2B:G6:3C6> 6E4

 HI>L!I=C39>6E:G3D9D IDNL6<G4I:LEDNA6B7%CDNC:I=H3KL 6N?2J=@6C@6I% ID H: E%CK6E4 :NGF :CF1KLID 

HM1H=B:ID  IDEDHDHI46NI4J66C1AJ:>H:  $%A>HI6 H:6CI3J:H=B:I>L! =  1M:>HNC%8:>B:I>LMFG:L# ;G>@2L #6G6P7>@2L >G=C>@D5I>LA:<4B:C:L     

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

\\

       IKC@DBB%IKC EDNHE:59DNCD@6J1C6LC66ED@DB3H:> I64ED>6D;1A=<>6I=CE6G%I6?2IDN B:ID7A1BB6 ;NH>@%HI>L:E:GM4B:C:L:@AD<1L IFG69NHINMFLD E:G>HH4I:GDL@4HBDL4M>B4CD9:CE>HI:5:>IDNL 6<G4I:L 6AA%HNMC%:@;G%O:I6>6E6?>KI>@%<>6IDNL 39>DNL@6>IDNL6<FC:LIDNL #6>6CD>,AA=C:L6<G4I:LBD>%ODNCB:IDC2GK6IDN B5JDNIDN>HFEDN EDAAD3:3C6>D>B5JD>EDN :E>@G6ID5C<>6I=C:AA=C>@2<:KG<36 B5JD>EDN:E3 MG4C>6HNCI=GD5CI6>6E4I>L:@%HIDI:@N7:GC2H:>L EGD@:>B1CDNC6:?NE=G:ID5CEG6@I>@1L@D>CKC>@D5 6NIDB6I>HBD5

    

          %CD>6<G4I:L@%JDCI6C@6>9:C1@6C6CI3EDI: EGD;6CFL4A6I6EGDP4CI6EDNJ6@6I6C6AFC6B:J6 2I6C:>H6<4B:C6 E4I=C%AA= =@G>I>@2EDN<3C:I6> <>6I>L:E>9DI2H:>L 6@4B=@6>6E4I>LD>@DAD<>@1L DG<6CFH:>L 76H3O:I6>H:A%JDL9:9DB1C6 5B;KC6B:I6HID>M:36IDN'' D>6<GDI>@1L :E>9DI2H:>L6C2AJ6CE6<@DHB3KLID HI>LMFG:L B1A=IDNDG<6C>HBD5H: 9>H:@6IDBB5G>69DA%G>6 6CI>EGDHKE:5DCI6LID IDNHNCDA>@D56<GDI>@D5 :>HD92B6IDL 1C6CI> EDN2I6CID @6> ID

  G4@:>I6><>6IDM6B=A4I:GDEDHDHI4 IDNA%M>HIDC6E4ID  DE4I:@%C:>I>LHM:I>@1L B:IG2H:>LD'' (=CE:G3D9D ID6CI3HID>MDEDHDHI46C:GM4I6C H:  <GDI>@1L:E>9DI2H:>LB:9>%;DG:LBDG;1L




UUU  

2CFJ> $7DEO7H4EO 

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

 JE= JH4C>DEJEO 

          

  &2I7I;5B>7OJ3J>D?IJEH47OF(HN;?A7?C?7 7B3K;?7 7DA7?IOND(0;4J;7F5(=DE?7;4J; 7F5IAEF?C5J>J70F7H7FE?;4J7?IJ>D"BB(:7 ;F4I;?H(;JGD=4D;J7?A7AE:?7N;4H?I>JLD 7=HEJ?AGD;D?IN6I;LD 1CLM>;OK6D>JLD 7=HEJGDF;H?EH4P;J7?IJED87KC5FEO:;D 7F74J>I7DE?4:?E?C;=7B6J;H>:?7<(D;?7 *>D;OK6D>7OJ3A7K7OJ3J>MA7AE:?7N;4H?I>M J>D2NEODE?;A(IJEJ;AO8;HD3I;?M E?EFE4;M 7F5C?AHEAECC7J?A3IAEF?C5J>J77BB(A7? B5=LJLD=DLIJGD7H=GDHOKCGDJ>M AH7J?A3MC>N7D3M:;DFHENGH>I7DIJ> :>C?EOH=47JLD7F7?JE6C;DLDC>N7D?ICGD ;B2=NEO /JI? 7F5JE 2LMI3C;H7 E? /BB>D;M<EHEBE=E6C;DE?2NEODFB>HGI;?C; J>D2DDE?75J?:;D;F;IJH(<>I7DJ7NH3C7J7 7OJ(7F5J7AE?DEJ?A(J7C;47 5FLMIOC874D;? C;J?MAE?DEJ?A2M;D?IN6I;?M  :?I ;OHG )?F;H?II5J;HE?A7J7BE=?ICE42NEOD;F?8B>K;4

    !     

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

1 2 3 4

   

   



=?7A7AE:?7N;4H?I>JLD;F?:EJ3I;LDIJ?M 7HEJH74;MA7BB?2H=;?;MA7?IJE;B7?5B7:E  A7?   ;A7J ;OHG7DJ?IJE4NLM .BBLIJ;>%EC?I?5D2N;?7F;?B3I;?J>D"BB(:7 7F5JEF;H7IC2DEA7BEA74H?C;F;H?AEF3JLD FB>HLCGDA7J( I;F;H4FJLI>FEO:;D :?EHKGI;?J?M;BB;49;?MIJEI6IJ>C7 7D7=DGH?I>M7=HEJ;C7N4LD A(J?FEO C;J7<H(P;J7?I;7FGB;?7F;H4FEO

;A7JECCOH4LD;OHG )?7=H5J;M BE?F5D 2NEODB5=EOM A7?C(B?IJ7 FEBBE6M =?7D7:?7C7HJ6HEDJ7? A7KGM:;D ;4D7?C5DE7F5J7FHGJ7K6C7J7J>M E?AEDEC?A3MAH4I>M 7BB(A7?7F5J7FHGJ7 K6C7J7J>MF7=AEIC?EFE4>I>M 'IJ5IEC;C;=(B>A7KOIJ2H>I>7FE<(I?I7D D77FEAEFE6D7F5J7+AECC7J?A((HC7J7,A7? D77FEJ(@EODJEOM:?(<EHEOM+IJH7J>=E6M, %?2JI?JGH7A7BE6DJ7?D7FHEIF7K3IEOD 7A5C>F;H?II5J;HE=?7D7F;4IEOD=?7JE :4A7?EJLD7?J>C(JLDA7?JLDA?D>JEFE?3I;GD JEOM U




# 

UUU

  

  &

"%'# '

M

&7:>2 +89C+<(9C 

[[

  "' ' !" ! 

:9</(93/8+66+5>35&A5+663&< 1/3/A8+728C:9=>2<(B>25+8=>9 :+</6?)8)=9&:</:/+:)>3A/6 62835&A5C,/<8'=/3A 7:9</(8+

"$" " ( &'

C:'<4+8:96C<3?79393+1<)>/A :9C+:9?+<<*8?25+8+:)>+:3/ =>35./.97&8+5+3 5<&7+=+8! >3A 1+6)>=/A>9CA )7@A=>2=>&:+>2A+1<9>3 5'A+8:>C42A =>+C:9>3727&8+B;7+>+>2A/6

 " '" 

62835'AC:+(?<9C 5:9393=:)<93)698+C>)8>98

\\

5+3<):=B3D+88+5+<:(=9C8 9+:9./358*/3>9:93536)79<090C>;<39>@8 8&@8+1<9>;8:9C4083+=+87/>986)19>9CA+ :)>26/9<=/@A >)=9>3A/?3=7&8/A=>3A/:+8+ 6'-/3A57/</A)=95+3>9=CB8,+<3/=>27&89% ':<95+>/36277&89&8+8>3>@8:+<+>+17&8@8><+ 5>&<%5938) +3.353+8(-3+>@8+1<9>;8:9C59C<=>2

 5:+A! :9*>+A/(B/+C>)>9:<9=@8* 7396)1@>2A+/3?+69*A+8<<3B>2A5:+A>9C ?/@</(>98@>'<2./4(>9CB&<3 +D(+=59*8/ 4+3</>35'/:3<<9'=>9CA5+663/<12>&A>9C>):9C

5+8 >9672<9(+<82>&A>2A:)62A5+3+8+B@<2>&A >9C.C>359*><):9CD@'A /:3=>'798/A7//827& <@=253+1:213+>9+8>35/(7/8)>9CA'+:6/ 4+8+15+=7&893+:)>3A=C8?'5/A5C8219(/8)A/

>9CA

 !"% '% +8 =2A955389*62A5<+>/3>3A+:9=>=/3A>9C+:)

8+66+5>359*/3=9.'7+>9A 93><3+8><2./A =+ <+8><2./A5+3:/828><2./A=27/<389(9.219( >@8><+5>&< /5>)A+:).3+09</>35&A0C=3918@ 7(/A 793D9C88+&B9C85+3.3+09</>35'59C6 >9*<+ 3+662 .3/5.352>35'56=25+663/<12>;8 =>289:9(+&B/3562<9.9>2?/(2:35<(+>@8:<9 :+>)<@8>2A .(8/3:/3=7+>35>2883=27B2/ 8+8>(98>@80C=35;8=>93B/(@8+665+3>@8 >/ B82>;8 ./.97&89C)>39309</(A/49C=(+A5+393 =C8?'5/A:9C+C>9(.2739C<19*8>285+59:93 9*8,8+C=+ +8?<@:91/@1<+0(+>@8+1<9>35;85382>9 :93'=/@8:8>@A:+<9C=3D/>+3+8+703=,'>2 >++C>)8>98+89C<39+8+8/@7&82 1/@0C=3 5)AB<>2A +C>)A:9C+:/3598(D/3>212=/=C 8<>2=27/>+0C=35:<)=@:+:9C>28C:/<+ =:(D98>+3+66%13+>()B3%5+3>9CA8&9CA=C=B/ >3=79*A.C87/@8=>9CA5)6:9CA>9C/5691359* =;7+>9A 66+4/3.39=C=>+=(+5+3=*89<+ $8+A+8+:8>/B9A:69C<+63=7)A5+373+%)B3 7/7:>2+66:/<3==)>/<97B3725+3+C?/8>35' %979-CB(+.3+09<9:9(2=+8+C>'>209<>289 :>35')6@8 9:6'17+:9C5+>0/<+893+1<)>/A =>9C:91=><39>2A5C,&<82=2A :+<>3A):93 /A+8>/156'=/3A7/>+4*>9CA /(8+39C=3+=>35)5+3 &B/3'.25+>+1<+0/( 4(D/3693:)88+./317+>(=9C7/ =/&8+735<) 67:9C7 5:939CA+:)>9CA:<@>+1@83=>&A>2A .3/C<C7&82A+1<9>35'A5382>9:9(2=2A>@827/ <;8

 % !% <=389A+1<9>9 =C8.35+63=>'A+:)>+<=+6+

B<)8@8 #+( </3>2A/5>(72=2A>@8=C8+.&60@8>9C +5)7+ 5+3/5>)A5977+>35;8:6+3=(@8 3A:>CB39*B9A 09<&+A3./;813+>28+8+,?73=2>2AC:+(?<9C

7/+439:9(2=2>@88&@8>/B896913;85+3/:3=>2 79835'5+><>3=2 &<+=/+:)>+:+8/:3=>273+5

63/<12>'A=3>2<;85+35</77C.39* /4&0<+D/+ 8&5+?/8935969135&A+82=CB(/A53&B/3?&=/3:96

&.<+8+>2A/162A</>+8(+A%):9C5+35)662 =/>28+=?&8/3+>@88&@8+8+D2>'=/@8%+66/ :+8/15+>+=>?25/=>9B@<3)>9C.26;898>+A+ :90+=3=7&89A8+>+,6/37/>9>&<+A>2A:+<@ B27&82A/662835'A+8>(62-2A =*77/><2:<9 =:?/3+ 3A>/6/C>+(/A7&</A&6+7-/:8>@A.3 >2A7+B2>35'A>9C:+<9C=(+A=>3A35<9?',/A

653A?&7+:93)>2>+A5+3/:<5/3+AC.>@8=>28 :/<39B'>9C <+=>'<39:+3.(>9CB/6;9C 5+ >&1<+-/5+3=>28:+<9*=+0=2=27+8>35'.< =25+3:+<9C=(+

$% % <)/.<9A>2A+:83 5'A7.+A70(56/3+A95<(.+A5+3.3)69C  5+:89A!)>+8:<)5/3>+313+.3/5.35'=/3A +38+

!"% % )63A B<)8@8 9   7:)7:3<+A+5)7+ &D2=/>3A>)>/5382>9:93

620?/(C:)-2)>3+8'5/3=>285C,/<82>35':+< >+42 1@83=>35':<9=@:35)>2>+ 8?<@:9ADC

'=/3A:+(D98>+A7/>+66+:+3.3>@8+1<9>;8 +87/=+=>++5382>9:9327&8+><+5>&<>9C?/= =+6359*57:9C $B/3.26;=/3:96&739A>9C:+ <+.9=3+59*+1<9>9=C8.35+63=79*5+37:'5/:96 653A=>9=>)B+=><9>@81+6D3@85+3>@85)553

7@7&89A=>3A/:3><9:&A5+3=>3A+<B+3</=(/A5+ ?)>3139A:+639*+1<9>9=C8.35+63=>' /@</()>3 935382>9:93'=/3A+C>&A+:9>/69*83.+835'/C5+3 <(+13+ +:9=>96'!728*7+>9A=>3A<C4&66/A :+8.<;8/3>98=>)69>@8><+5>&<>2A6+78+A

8@8,/>/<8@8 +69CB'?25/=>9CA5)6:9CA>2A$8@=2A& @81<9>;8+<.(>=+A >2A9:9(+A/(8+37&69A +<+7&8/3&8+16C5):+3.(:9C./8.3+?&>/3>28

" %#% +7,+59:+<+1@ 1)A +389*<139:<)=@:9=>981+6D39=C8.35+ 63=7) /><39:+?'A8?<@:9A 7&69A>2A./5+ :/8>+7/69*A8@>35'AC8>983=>35'A:3><9:'A >@81<9>;8>2A+182=(+A <@>9=>>2=/=/

)-2>9C+1<)>2 3+?&>/3)7@A>28 5)-2!

 %% 1<)>2A 2A1/83A+:) >2+<.+6'>9C97959* $7/38/B<)83+=>3A  ):9C:+<+5969*?2=/+:)598>>3A7/?) .9CA>@8+7:/69C<1;8>2A+630)<83+A :& =></-/=>9B@<3)>9C 0*>/-//662835&A5+34& 8/A:93536(/A5+3/:3.)?25/=>2,3969135'.3+B/( <3=2 (8+3=C8.35+63=>'A>9C5+37:<9 =><2A>9C7:6)59C>2A6+78+A

%'% <=389A8& 9A+1<)>2A+:)>979<09B;<3<3=+A +6

)6/A>3A5382>9:93'=/3A:9C/(B+8/0+6>'<39>3A +1<9>35&A:/<39B&A:&<34>9C)69C

$" %% B<)8@8

=3

>2<A! +:)>9B@<3)+>+<15+ :+>&<+A><3;8 :+3.3;85+3+8>3:<)/.<9A>2A79=:98.(+A1<9 >35;8C66)1@8+<.(>=+A 6+3=3;8/3=>985)7 ,9>2A(5+3+A>2 =>+?/<'+4(+! >98+11&62 :9*>+ :9C+:9>/6/(5+3>97)89:<)=@:9593 8):+<9897+=>'>@8></B9C=;85382>9:93'=/@8 5+3>@8:<9219C7&8@8

>3A5382>9:93'=/3A +66>98/5:<9=@:/(=>9 7:6)59>@8/7:;8/:43+9.35)A>9C8?<@:9A 91+6D39A#< 3./<):9C69A (8+37&69A>2A>9 :35'A897+<B3+5'A &B/3/:3./(4/353+:9./(4/3/ 8@>35&A.3+?&=/3A/C?C1<+773D)7/89A=>9:6+( =39>2A+1<9>35'A=C8>983=>35'A7/=C8.35+63=>&A >9C5+3>9C" C77/>/(B/=>2.3+:<+1 7>/C=27/>98C:9C<1)5+3.'6@=/+:9192>/C 7&89A+:)>9+:9>&6/=7+

 %  (!% &69A>2A$8@ =2A&@81<9>;8 8?<@:9A.<+=>'<39A 7/+ 82=CB(/A5+3+<3=>/<&A:/:93?'=/3A C77/>/(B/ =>2=C88>2=27/>98C:9C<1)5+3&5<38/)>3+C> :9C.(898>+3/(8+3-(B9C6+ :+<9C=(+>9C+8 7/=+=>9CA+1<)>/A>2A<3=+AC:'<4//8>98) >+>2

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

U


  

 

,=@D8 1>?I1B.?I



   "

H

@B?C@E591>1=8>@1D-C?I>CD8CDB?6;1=.1$=@1>1>/6<?I41%61.>5D19/D9, H59 H1<1BAC59D9G1>D9@?<9D5ID9;,GD1H0 D8D5GD?I! ;IB.FGC55@.@54?875

D5<,H8@?ID?D5<5ID1.?49CD8=1@5B9?450?I>1>

D8G$=8=?I@D?I%@B?C,779C8GDF>E5=DF>5.>19?9 17B?D9;,G;9>8D?@?9-C59G   @B?61>AG,H1C51@/ D?>H59B9C=/D?IE,=1D?G;19D?>DB/@?@?I1>D9=5DA @9C5/<11IDD1HB/>91D?IG17B/D5G 1<<D? 45>45.H>59>1;5B4.J59 1B*/D9/<?9491@9CDA>?I>/D98@<59?386.1D8G>,1G 75>9GDF>CI>49;1<9CDA> D16I>D>91DF>17B?DA>=5

@?<<?.491@9CDA>?I>/D9,H59B.:59/<?D?ID?2B?G

[[

@?<<CD5<,H8 1<<45>5.>19;1E/<?IC.7?IB?/D9,

CD8>5@9;?9>F>91;-CDB1D879;-;191><IC8=5CI>5H-

  

H595>D?@9CD5.FG@B/2<8=11@/D8>875C.1 91D.=@?

CI>5B71C.1;194912?0<5IC8=5D?IG5@9;?9>F>9?</

B5.>11@,4FC548=?C;?@9;8$5:16>9C8%1@1>

7?IG;19D?IG48=?C;/@?IG;19<97/D5B?=5D8>?B7

4B,?I1@/D8>DB,H?IC1;1E8=5B9>/D8D1D?IGD5<5I

>FC8D?I;/==1D?G;19D8>;9>8D?@?.8C8,CDF;19DF>

D1.?IG,:9=->5G;1985@9;?9>F>91;-5@9<?7->1@1

5<H9CDF>I@1B;DA>4I>=5F>D?I;/==1D?GC*/<8

B5=21.>59 CD?H5I=,>1)CD?@B/DI@?1B1=1><-

D8HAB1

D8><<415@9C8=1.>?I>/D9C5?B71>FD9;/5@.@54?5 @9;B1D5.=91$>9B2>1%5>D5<AG1>1>D.CD?9H8=5=91,DC9 ;91<<9AG@B?5;<?79;-HB?>9

C.1G ;D9@?I1@?DI@A>5D19;19CD9GD5 <5ID1.5G48=?C;?@-C59G

D?IE>9;?0I=2?I<.?I9>>8"17;?0C8 ??@?.?G

#?757?>/G1ID/1@1CH?<5.C?21B

IC9;45><5.@?I>?919H=,G@B?GD?>7B1==1D,1

   

;8GD?!;19791>1@<8C9C59?@B/54B/GD?ICD1 875D9;H1B1;D8B9CD9;D?>@BFEI@?IB7/ D?@54.?1ID/I@BH?I>40?CH?<,GC;,38G

@B??@D9;-5:?IC.1G/@FGC8=59A>?I>@?<<CD5 <,H8 ,H59$16I@>.C59%@?<.D5G1@*/<8D8HAB1 1<<D? !6,B5D19C1>>1=8>?9J5D19

U@/D8=.1 /CF>2B.C;?>D19;?>DCD?>@B/54B?

#B1>/@1B4597=1D8G49CD1;D9;/D8D1G;191ID-G

D?I;/==1D?G@?I@9CD50?I>/D9D?!@B,@59>1 1@?60759D8<?79;-@?<9?B;.1GD?I;CDB?ID8G5 :?IC.1G;19>11@?60759,>11C6I;D9;/$@B,C9>7;%

    

4B,?I@?I@B/<125>11>1;?9>AC59D?@B/7B1==1D?I



!791D?IG17B/D5GCD9G1BH,GD?IHB/>?I1@/D1 #B.;1<1,H1C5D8>5I;19B.1 16?0E1=@?B?0C5>1,H59 @BFD?CD1D-C59CD?>49<?7?=5D?IG17B/D5G;19>1,H59 @B?;1<,C59CIJ-D8C8CD8?I<-=55BAD8C8CD?>@BF

\\

EI@?IB7/791D?17B?D9;/@B/2<8=1 @.C8GD?757?>/G/D9-D1><.7?$=1C8=,>?%D?$/H9% CD?;<5.C9=?DF>4B/=F>;19HB59CD8;1>1@1>FD,G;19 5@.=?>5G5BFD-C59GDF>48=?C9?7B6F>@B?GD?>5; @B/CF@?D?I;/==1D?G1@1;F>CD1>D.>?ICI>,21<5

D8G;I2,B>8C8G 1B;?0=5>?CD8>;1DE5C8@B?D C5F>;19CD8>5=@,4FC81@/D8;?9>-7>A=8D8G1.

CD8E?<-59;/>1 .>19@B?61>,G/D9D?!E1,@B5@5>1D8B-C59

CE8C8G/D98;I2,B>8C8,H59;1D1BB50C59 U @/D8><<8 I@BH?I>;19?9@9?@1B14?C91

=91<5@D-9C?BB?@.1 16?01;/=1;198;I2,B>8C81>, HD8;55@9C;,359G2?I<5IDA>D8GCD1=@</;1@/CF=<

;?.@?I5;D9=?0>/D9D?!@B,@59>1@BFD? CD1D-C59CD9G;?9>F>9;,G;19@?<9D9;,G495;49;-

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

C59G >15@92<<59@?<9D9;-1DJ,>D1;19>1$?B7A C59%D8><<41CD,<>?>D1G@1>D?0D?=->I=1/D9 5.>19,D?9=?>1;I25B>-C59 +=FG /@FG?=?<?7?0>@?<<CD5<,H8 1ID//<? @B?C;B?059C*,>1C?21B/5=@/49? D8>@<-B8?B71 >FD9;-14I>1=.1D?I;/==1D?G !9?B71>AC59G5.>19 >5;B,G;19@1BD9GCI>5H5.G57;I;<.?IG;191>16?B,G 45>,H597.>59D1D5<5ID1.1HB/>91=91CICD8=1D9;-@B? C@E591@B?;59=,>?I,CDF?9@IB->5G@?II@BH?I> >11:9?@?98E?0>791>1<59D?IB7-C?I>FG@?<<1@<1 C91CD,GDF>@B?DC5F> DF>4BC5F>;19DF>@1B5=

U

2C5F>CD8>D?@9;-;?9>F>.1



9@?<.D5GCD9G48=?C;?@-C59G5I>??0>D8CI>5B71C.1 D?I!=5D?>&" 1<<1@/D8>1IB91>-CI> >D8C8DF>40?@B?,4BF>45>1>1=,>?>D195>DI@FC91;

1@?D5<,C=1D1 @9;?9>F>91;HB8C9=?@?9?0>;19?940?D8CI

>>D8C87914916?B5D9;?0G</7?IG !@B/54B?GD?I!45>

" ! " 

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

&"1;/=1;91>1@/D8><<8@<5IB5.>19CI>5H-G8B>8 C8 !9CI>5B7D5G@>DFGD?I@B?,4B?ID?I!5@9=,>?I> /D981IB91>-CI>>D8C816?B@5B9CC/D5B?=91CIJ-D8C870 BF1@/D9G@?<9D9;,G5:5<.:59G 1<<;19;1DD?4I>1D/>CI>D? >9C=/C5;?9>?2?I<5ID9;/5@.@54?D8G4BC8GDF>40?;?==

H>595I;19B.1>1491DI@A>59D8CD5>-@?<9D9;-CH,C8DF>40? HABF>;19D8>1>7;8CI>5B71C.1G (DC98CI>>D8C8;B.E8;5

D1<1@D?@,H?I>@?<9D9;-1>16?BCD?! D?;/= =1,459:5=9149CD1;D9;/D8D1 IB9BH8C5?6/2?G>1 =8>;1D87?B8E5./D9I@?;9>5.D?;<5.C9=?DF>4B/=F> /D96,B5D19=5@?<9D9;-1>5IEI>/D8D1;192,2191/D948 =9?IB75.;<.=1@?<9D9;-G1>F=1<.1G791D.49359791D8>5 :?IC.1 CD/C?@?<<?.5@9C8=1.>?I>/D9?9AB7?G1@1>

 

D8G@5B9/4?I ) FCD/C?@?<<?.491@9 CDA>?I>/D91ID/45>6D>59791>11@?;D-C59B50=1>.

 

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

DF> ;19=<9CD1E1;9>8E5.C5E,=1D1H1=8<-G@?<9D9;-G21B0 D8D1G >DFGD?;<.=1E161>5.;191@/D9G48<AC59GDF>40?1 =,CFG=5DD8CIJ-D8C8 !9AB7?G1@1>4B,?I@B/D59>5CI>>D8C8;19=5D87B1= =1D,1D?I<,;11@1B-71 791>159C@B:59,>18H8B/$/ H9%1@/D?>5B9CC/ CD8<?79;-/D9=5D1:0DF>40?;?==DF> I@BH59@?<9D9;-;19CDB1D879;- 2ICC?G D8'1B9<?I#B9;?0@85;D9=?0>/=FG/D9D,D?95G;9>-C59G7. >?>D191@?45;D,G1@/D8>;?9>F>.1 D?@<1.C9?45D?I@?<9D9 ;?01>?.7=1D?GD?I!D/C??@B/54B?GD?I!/C? ;19D1875D9;CD5<,H8,H?I>1BH.C59>14916?B?@?9?0>D8>8 75C.1D8G  1@/D?IG386?6/B?IGD8G ;>?>D1G</7?791, >D9=?IG@?<.D5G@?I45>D1ID.J?>D19=5D9G5@9<?7,G;19D84BC8 875D9;A>CD5<5HA>D?I;/==1D?G

U








UUU

 

1BEI= 6CDN6G3DN 

ED;6H>HB1CD>C69>:@9>@2HDNCI=HNB

@6>9:C6;2CDCI6>D>HMDA1L@6>D><:C>@1LHNC:

C6A6B7"CDCI6>B:I=B:<6A5I:G=9NC6I2EA:>

@6>I>LB:<"A:L@>C=IDED>2H:>L:C"CI>6HI=HN

7DA>@21HIKEGKID@6J:9G36HIDC;D>

A:5H:>LIDNLC6:@;G6HID5C

D8=;36

CI6<B6I>@2:@IGDE2 4EDN9DAD;DC:3I6>DK

 

I6EDND92<=H6CH:EA2G=B6G6

>69>@6HI>@"2I6C@6>I6EGD7A2B6

I=I>@4MFGD:B;6C3ODCI6>HI=*6G>A" DN&G>@D5E=O=IFCI6LI=C:E6C6HN

<@G4I=H=I=L JC>@2 D>I=I>@2,CKH=

&DB:<"AD:GFI=B6:3C6>=HI"H=I=L 1

HB4I=C  =DED366E4ID

AA"96L &D':C6C6BDC2@N71GC=H=L($

A=IKC"AAKCE6G6I"?:KC:@I>BD5C4I>B1MG>IF

FL@6>ID E:G3EDNA:>

6C6<CKG3O:>H2B:G6B:6NID@G>I>@29>"J:H= 1

G6=<G6BB2I=LDG<"CKH=LEDNEG4H@:>I6>HI=

IDNG<D5H:MKG3LEGD:9G:3D@6>

HIKB:@6JNHI1G=H= MG4CKC A"J=I6@I>@2L

# :3C6>C6IDGE>A3O:>DED>692EDI:BDG;2HN

:@EGDHKED5CI6C6E4IDNL:E>@:;6

EDNHNC176A6CHI=CDNH>6HI>@29>"ANH=IDN:

C:CC4=H=LB:I6?5IKCE6G6I"?:KCEGD@:>B1CDN

A2LIKC;D>I=I>@FCE6G6I"?:KC

C>63DN@1CIGDN6E4;6H=L@6>:@EGDHFE=H=L

C6:A1<M:>I=C@6I"HI6H=

IKC;D>I=IFC

0BKLI4HDD>EG4H;6I:L@>C=IDED>2H:>L4HD

I2G=L1IGDNA6L

!%" #!   !%"

I=9>"G@:>6I=LMD5CI6LID HI2G>?:I=CCI>  :CFB:I6 EDA>I:NI>@"ID;D>I=I>@4@3C=B6 6ED@I"B:<"A=FJ=H= $6<FC6L :C"CI>6HIDCC4BD HI6I1A=I=L

9:@6:I36LIDN .93C:>B:<"A=@6I6?3K H=HI=C &:A:NI63DLEG4:9G4LI=LB1MG>ID

   

EG4H;6I=6EDHIGD;2IDN>FG<DN6E6C

@6>D>6CI3HID>M:LIDN <>6ID'"GJGD (9:3

9G1DNHI=CDB>A36IDN<>6I6:@E6>9:NI>@"HI=

MCDNC4I>B1H6HI6E6C:E>HI2B>6NE"GMDNCEDA

;DG16L'B:HI4MDCI=C:J:AD5H>61

DNA24I>'EG1E:>C6HNB7"ADNB:4AD>HI=HN

A1L9NC"B:>LEDN6CI>E6A:5DNCB>6CDDIGDE36'E6

CKH>CIKC9>6;4GKCHNAA4<KCIKC

<@G4I=H=:C4LC1DN-2:@C1DN1HIK-DG<"CDN

I:GC6A>HBD5(@6>@6JD92<=H=LIKC:?:A3?:KC

AA2CKCHEDN96HIFC( !HI4HD

 >9G5J=@:ID KL1C6L@G6I>@4L

2I6CD*G2HIDL6EDNIH2L ID:E4B:CDHNC19G>D4BKL= 6CHEDN96HI>@2EDN1M:>> HMNG1L9NC"B:>L9>:@9>@:3I=CEGD :9G36B:IDC&G>6CI";NAADG676A>" G= ID$EGDKJ:34BKLIDC6C"

IDN;D>I=I>@D5@>C2B6IDL I=L  EDNJ6

&DB:<"ADEG47A=B6B:I= 4EKLDBDAD

BEDG:3C6HNB7"A:>HI=CEG6<B6I>@2EGDHI6

<D5CHI:A1M=I=L :3C6>H:HMDA1LEDN1M:>

=EAD5H>69G"H=I=LHNC1

H=6E6<:KG<3DNHI=J1H=6NI2 E6G.

H36IDNE6C:E>HI=B>6@D56H5ADN(9:CE1G6H:

B:<"A=EA:>D8=;36@6>6GC:3I6>HM:94CI=C5

76A:H:B:<"A:L:E>INM3:L

4I>NE2G?6C:>H=<2H:>LC6E6G69FH:>

6E6G6I2G=I=

     $>FG<DL6E6C9G1DN@6>==<:H36IDN$ :@I>BD5C4I>= J6BEDGD5H:C6:3C6>1C6L6

E6G?=I=LB:>D8=;36L &DB:<"AD6<@"J> FHI:

6AA"@6>HI=B6O>@DED3=H=

C6NE"G?:>1C6E:93DHNC:CC4=H=L:3C6>=H5

IDN;D>I=I>@D5@>C2B6IDL EG>CE"G:><G6;:>D

HI6H=IKC:;DG:NI>@FC:E>IGDEFCEGD@:>B1CDN

@G6I>@"M6G6@I=G>HI>@"

C6<3CDNC6ED9:@I"6E.4ADNLI6:@AD<>@"6ED

4A>LID =H;D9G2I4I:H5<@GDNH=I=L

I=CEGD:9G36@6><:C>@"C6:3C6>E>D:N1A>@ID H:HM1H=B:I=CG>HI:G" E>@G6ID5CHNCJ2@:L B:<"A=LE4AKH=L@6>6E4I4I:9:C:3C6>9NC6I4C C6:@A:<:3EGD:9G:3D

:DA636LI=LB:I=:DA636IDN1CIGDN:3

I=9:@6:I36IDN.B:I=C63<A=IDNE6G:A

M:6EDI1A:HB6C66EDMKG2H:>6E4ID:CIG>@4

J4CIDLHNC:M3O:I6>=A:>IDNG<36I=LE6G"ID<:

C6NE"GMDNCHI>L:;DG:NI>@1L:E>IGDE1LB1A=

NB7D5A>DI=L =;D>I=I>@2E6G"I6?=IDN

<DC4L4I>1M:>B4CD:CIG>@4NB7D5A>D 0HD4

@6>6E4I>L B:<"A:L;D>I=I>@1LE6G6I"?:>L@6>D>

1CIGDN !HI4HDD>;D>I=I1LH=B6ID94I=H6C

BKLEGDMKG"DMG4CDL I4HD6E6?>FC:I6> &D

6ED;"H:>L:E3I=L9>69>@6H36LI=L8=;D;DG36L

I=9:@6:I36IDN. B:IDC6<FC6IDNL<>6ID

 =9=AFC:>4I>;D7"I6>:E3J:H=6E4I=

I:A1HB6I6

C676JB>HB1CDLHNCDB>A=I2L:@B1GDNLIKC;D>

AD>E4CJ6EGDI:3C:>H.4A:LI>LHMDA1L

I=IFC >9>63I:G6H:B>6E:G3D9D@G3H:KC @6>C6 HNB7"A:>DNH>6HI>@"HIDJ1B6IDN6H5ADN @6I:5JNCH=EDN94J=@:HIDC<G6BB6I16

B:I6MG4C>66NIDCDB2J=@:@6>

 "$  " I=L#:DA636LFHI66CI6O26AA"@6>HIDC

@6>9:CEGDH1GM:I6>HID6C"9>:I36DG>HB1CD

<G6BB6I16I=L>M"A=#>@=;4GD:3C6>D>

6CHEDN96HI>@4NC19G>D 6CI3HID>M=HI"H=

9NC"B:>LIDN$HIDC;D>I=I>@4MFGDC6

@G6ID5C@6>D>HNHE:>GFH:>L

HNB7"ADNC FHI:C6HNC1AJ:>IDE:G3;=BDD

&=C:E4B:C=MGDC>":E6C6EGD@=G5HH:I6>ID

6CHEDN96HI>@4NC19G>D 'B:4ED>D@4HIDL(

NC19G>D@6>6NI2I=;DG"=9:CEGDH1GM:

6@4B6@6>6CD>HNCJ2@:LD9=<D5CH:NE:GDM2

I6> 9=AFC:>4I>;D7"I6>:E3J:H=6E4I=C

@6>EA:>D8=;36I=L

B:6EDI1A:HB6D>19G:LI=LHID:CIG>@4NB

&D:E4B:CD9>"HI=B6=6C6B1C:I6>C6

7D5A>DC6B:3CDNC69>"J:I:L &D EG6<B6ID

E"G:>@6>:E3H=B=EGKID7DNA36EGD@:>B1CDNC6

ED>:3I6>IDD6CHEDN96HI>@4NC19G>D 4EDN

NE"G?:>B>69>67D5A:NH=B:I>LNE4AD>E:L;D>

MG4C>6B:I"HNBB:I1MDNC4A:LD>E6G6I"?:>L@6>

I=I>@1LE6G6I"?:>LB:HI4MDI=HNB7DA24AKC

ID6EDI1A:HB62I6CC6@6I6A"7:>=19G:L

HI=CEG6<B6IDED3=H=IKC;D>I=I>@FC:@AD<FC

=  D>  =6CHEDN96HI>@219G6 D>

@6>I=C1@9DH=:C>63KC6EDI:A:HB"IKC EDNJ6

#1D>$G3ODCI:LI=LDA>I>@2L+CD>?=L19G6@6>

D9=<2HDNCIDNL:@EGDHFEDNLHIDHEDN96HI>@4

D>9NC"B:>LIDN)#"AA=B3619G6

HNC19G>D

&DB:EDAA"9>69>@6HI>@"EGD7A2B6I6:E3

/9=D)%@6>=;D>I=I>@2IDN1@;G6H= ID

2B:GD9:C@6I1HI=9NC6I4CC67G:J:3HNC:C

3@IND1MDNCI6MJ:3NE1GI=L6C6H5HI6H=LI=L

C4=H= E>HIDED>2J=@6C 6E4IDNL HNB

  J1B6EDN'E6A:5:>(6E4ID   :CFE>D

B:I1MDCI:L@6>I:A>@"@6>6ED

HNC:E2L6E.4ADNL;63C:I6>C6:3C6>=6CHEDN

MFG=H6C 1MG>@6>ID IDDNC19G>DHN

96HI>@2IDN >A":>MG4C>6IFG6<>6I=C6

C:MFL6C676AA4I6CB:9>69>@6HI>@"EGDHM2B6I6

C"<@=5E6G?=LI=L  E6G.4I>@6I6<<1AA:>I=

@6>EGKI6<KC>HI1LI>LH@A=G"6CI>E6G6I>J1B:

 I=C@6>ID3@IND<>6H5BEG6?=B:

C:L=<:H3:LI=L@6>I=L &:A>@"4BKL

I>L9NC"B:>LIDN:NGKBDC49GDBDNEDND9=<D5C

D5I:I4I:1<>C:IDNC19G>D@6>6E4I4I:I6EG"<

HI=C>9>KI>@DED3=H=I=L6>9:36L

B6I61MDNCB:3C:>E6<KB1C6

0HD>:@;G"ODCI6>6E4I>LC>63:LC:

>6C69D5B:6CD>EG4H;6I:L:?:A3?:>LHIDC

?"GI=I:LG>HI:G1L>C2H:>L HNHE:>GFH:>L

MFGDI=L6>9:36LJ6HNB7"ADNCFHI:D>;D>I=

#% 6CI>B"MDCI6>B:H;D9G4I=I6I=C6C6<1C

I>@1L9NC"B:>LC6:<@6I6A:38DNC"<DC:L6CI>E6

C=H=I=L B:B>6H:>G":E>M:>G=B"IKC @N

G6J1H:>L@6>C66@DADNJ2HDNCIDC9G4BDI=L

G3KL4I>1IH>ED9=<:I:3I6>ID;D>I=I>@4@3C=B6

HNC:CC4=H=L@6>I=L9>67D5A:NH=L

U


 



.?BF: 3@AK3D0AK



¢

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

3D3?3@>/I3@38C@:E7'40367@B"7;">>A( FAG.?3FH@=A>790H@7?83@0EF:=7;6;3;F. DHI6;3>>3=F;=1IB3DAKE;"LA@F3IF;I=K47D @:F;=.IBDHFA4AK>07IEFAG.?3@1?AI9;3F:@3 @39@CD;E:FH@ =3;:?.JD;BD1F;@AI6;3=: DK9?.@:BD1G7E:FK>;3@06:@3BDAHG/E7;FA  9;3F:@7@EH?"FHE:F:I A;@AF;=/I$6:903I 

EFA7G@;=160=3;AHI3B>/'BDAEB"G7;3 3@F3B1=D;E:IEF;IKBAJD7CE7;I?3IBDAIFAKI@. AKI(=;3B17=70=3;B.D3'1F;=3>2F7DAKB"DJ7;+ 3@KB"DJ7;+1F;=3>2F7DA?BAD70@390@7;FAEK L:FA2?7(

3

  

 $ 3D3?3@>/IB"@H3B,1>3BDAEB"G:E7@3 BDAE6CE7;EFA@6;">A9AFA@J3D3=F/D3FAK'7 G@;=A2( 1BAK1>3F3=1??3F3?7F.JAK@;E1F;?3 ?7F;IG.E7;I1>H@@370@3;BDAIEKL/F:E: '. >AK?73BA8"E7;I7G@;=.I(70B7=;1J;7B;=2DHE: BDA7;>:??.@H@3BA8"E7H@ CEF7@36;3?AD8H

!   



G70.@3B>30E;A9;3F37B1?7@3

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

E=7;3F:I=A;@H@03I70@3;?79">:=3;F37==A>3 BF1?7@3?.FHB3BA>>" <">>AK70@3;B"@F33@A; JF1FAL/F:?3FH@7=>A9C@

1

2

[[

\\






 

  

->AE9 2?@J2C/@J 

      "$!"



>2K9E@1D6AC08C2>>2<2:F-D6:H2?E:5CB?E2HD6- E9?E6=:<.6JF6/2AC@HE@:2C<-HJ ?2?>@?@5:!DE2E2<:?9>2E:<0I2C2<E.C2E@J<0> ?-5C:@3C/D<6E2:@("1DE6C2<2:2A0 >2E@H E9?A2C@JD/2D9E@JAC@=@8:<@1>- C@JHE@J -<E2D9H

D6=/5G? DE9? @=:E:<.C2>>2E6/2E9H%C/E9H8:2>:2      ACBE92A@E/>9D9 )F6H9?2?6GE:<.E-CJ82AC28>2E@A@/9D66< %@DJ?-5C:@DE@>6E2;1>6E2E-F9 5.=GD9>6F->2&C:DE6C!<2:AC0D72E6HA@=:E:<-H <6>:2635@>!522C80E6C22A+0E:6/I62?2<@:?GF6/ 6;6=/;6:H'<2:<6?EC:<0@>:=9E.E@?BE9@J3-=9@ 2CI:<! 59=25.E@EC:.>6C@  63C@J2C/@J <2: @A@/@HE@E6=6JE2/@5:!DE9>26<7C!K6:E95:27@C@ F2<2E2A:2DE6/ A:@DJ8<6<C:>-?2 >6E@AC08C2> A@/9D.E@J2A0E9?986D/2 F6GCB?E2H0E:E@<0> >2 E@@A@/@F22A@E6=-D6:E9 >25:2>@C7B?6:2C:DE6C/ DE:<97JD:@8?G>/2<2:2A@ DJ>3@=.E@J<0>>2E@HDE@ >2<C1?6E2:2A0E:H2;/6HE9H AC08C2>>2E@J($ E9?6 2?2?6GE:<.HC:DE6C!H!E: <=@8:<.E2<E:<.8:2E:H6A6CI0 A@JDJ?5-6E2:>6E9?<C:E:<. >6?6H6JCG6<=@8-H2?@:IE06/ 8:2C6JDE@A@/9D9E@J(" ?2:E@F->2E@J6JCG497@56=    E/@J<2:E:HEC-I@JD6HA@=:E:<-H >-D2DE@?($*DE6=-I9 6;6=/;6:H E9H>6:@497/2H=-?6&56?F2  # %@AC08C2>>2F-E6:GHDEC2 6A:EC-4@J>6?2DJ>36/'* D@DE9?A2C@1D27!D95-I@?E2:0E:56?JA!CI@J? E@#72/?6E2:?2E@6?5:27-C6:6A/E9H@JD/2H E98:<0DE0I@E@?&D@D:2=:D>0    $ " =08G<2:E9HDJ8<C0E9D9H AC@LA@F-D6:H<6?EC:<.HA@=:E:<.HDJ?6C82D/2H<2:0 <!E:E-E@:@ 6?B2A0E9?!==9@=23!?@H-I6:6A2 >659>@<C2E/2<2:6=6JF6C/2' A@==B?<-?ECG?=.49H2A@ E:A@=:E:<!9DI-D9EG?51@IBCG?<2:>!=:DE2D6 ?6:=9>>-?26<7C!D6:E9F-D90E:56?JA!CI@J?@:  $" <2:E@ACBE@>-C@HA@JA2C@J 7!D6G? AC@6<=@8:<.A6C/@5@6/?2:2?E28G?:DE:<. AC@LA@F-D6:H8:2DJ?6C82D/2 D/2D6DE9?9A:EC@A.C@ <C:E:<.2JE.E9H?2?6 !?EGHE@C2?E63@12A2?5C-@J=23!?@JA@J ;!==@J@=-;9H%D/AC2H>:=B?E2HDE9?E9=60 $$ 8C!>>2E@H C282D!<9H  GE:<.HE-CJ82HD27BH-I6: F28/?6:21C:@1DE6C22A0AC0D<=9D9E@J2CI98@1 C2D9E9H"%E0?:D6AGH 670D@?&56?JA!CI6:-?2 ?2<!?6:<2:>6E9?2?E/=94. A2=!72H  A2=E!HA6C: E@J#DE2E-=96<6>3C/@J6?56I@>-?GH?2 AC!D:?@7GH0E:>A@C@1>6?2E23C@1>6D6K9E.>2 E9H8:2E9?A@=:E:<.DJ>>2 8C!76:-?2A=2/D:@2CIB?<2: 2A@<2F:DE!>:26:<0?2&<2=.H86:E@?/2H'EG?51@&0 E2<@>3:<!'56?JA!CI6:E@6?56I0>6?@@("?2DJ? I:B?A@JAC-A6:?2-I6:@(" <2E6JF1?D6G?8:2>:2&@:<@?@ >@CG?' 0AGH6/A6AC0D72E2@%D/AC2H IBCG?DE2 5C!>6:D6>:2AC@@AE:<.5:2<J3-C?9D9H 59=25.0E:AC-A6:?2&=@;@ >/2EG?2?28<B?<2:EG?DJ==@ E@/5:@>.<@H<1>2E@H@8C2>>2E-2HE9H >!E:26?0H6?5:!>6D@J2<C@2E9C/@JA@JA2C2<@ <@:E!6:'<2:AC@HE@?IBC@ 8:<B?282FB?'6?B6A:I6:C6/<2: =@JF6/<2:E251@<0>>2E2 2:/DGH?2<2E6J?!K6: E@J(""/<@H)@J?E.H>:=B?E2HDE@C25:07G?@ >:22A!?E9D9E9HC:DE6C!HDE9?@:<@?@>:<.<C/D9 E9HD@D:2=59>@<C2E/2H<2:E9H@:<@=@8/2H E@J JA@8C!>>:D60E:AC@8C2>>2E:<.DJ> E9?<C:E:<.E9H>6:@497/2HE@J("8:2E9DE!D92 :2E9?E-CJ820>GH<!E:E-E@:@ D63!F@HIC0 A-?2?E:DE@# A6JF1?6E2:DE@?<0D>@E9H>:DFGE.H6C82D/2H 7G?/2>6!==9A@=:E:<.51?2>9<2:<JC/GH>6E@ E@JH28C0E6HE@JH2JE@2A2DI@=@1>6?@JH<2:E9>: ?@JA!6:A2C2A-C22A0E9?2A61FJ?D9DE9?<@:?G #D.>6C256?6/?2:67:<E. 6:5:<!0E2?9AC@ 256/;6:562?>A@C@1??23C6F@1?D9>6/2<@: ?:<.3!D92JEB?EG?IBCG?<:6<E6/?6E2:BHE9?<2= ?.H5C!D9HD66A:>-C@JHK9E.>2E2 0AGHE9H?6@ 8C2>>2E:<.A@=:E:<.E@J#&56?72/?6E2:?2 <C.6A:I6:C9>2E:<0E9E2E9?-286?:! =:-C86:2AC@LA@F-D6G?8:2<6?EC:<.DJ?6C82D/2>6 =2/2H<2:E9H2DEJ?@>:<.H3/2H -32:26<E0HA=2: <:?6/E2:-;G2A0>:25:2I6:C:DE:<.=@8:<.A6C:>- J?@AE:<!>:=!6:8:2&2?2AEJ;:2<.2?25:2?@>.' A0CG?<2:6;@JD:B?>6DE0I@E9>6/GD9EG?2?:D@ E@#D6D9>6/20A@JJA!CI6:DJ>7G?/2 DE0 D/@J<6?EC:<.HA@=:E:<.HDJ?6C82D/2H <2FBH@1E6 ?@?E2HA0E6F27186:9"' E.EG?8:2>:2DEC2E98:<.2?!<E9D9HE@J59>0D:@J 6=-8I@JD6:5:GE:<@A@:9>-?@JHE@>6/H6?-C86:2 1 5C6JD9 32D:<-HJA@5@>-H DJ8<@:?G?:2<!<:6A: <@:?G?:2<!5/<EJ2EC2A6K:<0D1DE9>2>6D<@A0E9 5:61CJ?D9E9HD72/C2HEG?DJ==@8:<B?282FB?<2: E9C/K@J>60=2E2>A=0<22?6;2CE.EGHA@=:E:<B?A6A@:F.D6G?' DE9?A2C@1D27!D9 -<2?6E9?=-<2?22A6JF1?6:E@<!=6D>2E@J<0> E9?2A@6>A@C6J>2E@A@/9D.E@JH <@=@JFB?E2H2JE.E98C2>>.-I6:<:?9E@A@:9F6/E:HE6=6JE2/6H>- >2E@H8:2DJ?-I:D9EG?<:?9E@A@:.D6G?IGC/H5:2IGC:DE:<-H8C2>>-HD60 DEC2E98:<.2JE.F2DJ?56F6/>6>:2A@C6/22 C6H@<@>>2E:<0H>9I2?:D>0HE@J >6E9?=-<22A2C.82?2<2=6/ =@JHE@JH28C0E6H2?6;2CE.EGH<@>>2E:<B?E@A@F6E.D6G? ?!AEJ;9HA@JF2DE9C/K6E2:ACGE/DEGHD66?5@86 &:2>2H56?JA!CI@J?82=!K:2 AC!D:?2<2:<0<<:?2>A=0<2'6/A62A0 E@JH28C0E6H?2DJ?6I/D@J?E@?28B?2E@JH /5:23C-F9<6E@3C!5JE@J ?6/HA98-H<2:5J?2E0E9E6H6?BF22A@D<@A6/DE9?: E9"/<2:2 2==!JA!CI@J?>A=@<D60=9E9?==!52 E2@A@/2>A@C6/&?2 A6C2D>-?@J233!E@J 6A:<672=.HA@=J>6=@1H2?E:AC@DGA6/2HE9H <2?@A@/9D9EG?2?28<B?<2:0I:DE9>68:DE@A@/9D9 E@J DE2>A=0<2E@J!DEC@J@:GE/2H E9H=2>!?2HF:BE:52H<2: >9?-I@J?2<C:3BHE2/5:22:E.>2E2*0>GH2JE0A@J-I6:A@=1>68!=9D9 E@J<-C5@JH >2D/26/?2:9@;1E9E2EG?AC@3=9>!EG?' EG?:<C@F93B?28?9D/2H J?@=:<!E@ACBE@>-C@H2?2=16:5-<2!;@?6H2A0 C@IF-HD6DJ?-?E6J;9%1A@J9=-<2<!=6D6E@JH28C0E6H 0A@J<:2? %@2A086J>2E9HJC:2<.H6A:D<-7F9<6E@>A=0<@DE@?<0>3@E9H"/ E9DEC2E98:<.2?!AEJ;9H<2:E@?59>0D:@E@>-2-GH 2?.<@J?<@>>2E:<! ?22?E:5C!D@J?DE9?AC@DA!F6:2E9H<J3-C?9D9H?2 <2:2H-;G2A0E9!C:D2 E@@A@/@6/?2:2JE.E9DE:8>.E@32D:<0>A=0<@J E9?A2C28G8:<.2?2DJ8<C0E9D9E9H<@:?G?:<.H3! A0E9?6A:CC@.EG?28C@E@DJ?5:<2=:DE:<B?5J?!>6G?E@J<2:59E@J DA!D6:E2>A=0<2E@JHAI >6&A2C@I-H<!EG2A0E@EC2A-K:D6@C:D>-?@JH D9HE@?@:<@=@8:<0>6E2DI9>2E:D>0E9H@:<@?@>/2H 28C0E6H'<2:?2AC@6E@:>!D@J?E@6A0>6?@DE!5:@E@J28B?2E@JH :2 8?GDE@1288-=9A@1E2 <2:E9?2?E/=9498:2E9?JCBA9 1>7G?2>6E@ @:5J@8C2>>-HA@JJA!CI@J?DE2>A=0<26/?2:9 7@C6E:<! AC@6:5@A@/9D6 &2A0E@  <2:>6E!-?2>68!=@>-C@HE9H2 !A@:6HA2C2E9C.D6:H2A0E9??2?6GE:<.E- 8C@E:!H E9H7EGI.H E9H>:<C@>6D2/2H F23C6F6/-;G2A0E9?A2C28G >/2E9H2?28C@E:<.HJDA6/CGD9H( A@JDJ8<C@16E2:>6E9?@:?. CJ82D66A:>-C@JHD9>6/256?-=6:42? GDE0D@D6 8. -;G2A0E95@J=6:!' 8C@E:<.@=:E:<. A!?GDE9?@A@/2DE9C/K6E2:6;@=@<=.C@J96 86?:<-H8C2>>-H72/?6E2:0E:9JA@5@I..E2?F6E:<. :=B?E2HD628C0E6HDE@>A=0<@E@J!DEC@J986?:<.8C2>>2E-2HE9H F?:<.A@=:E:<. <2:2A0E9?!==998C2>>.EG?5:6<5:<.D6G? A@J0>GH ?56I@>-?GHE@AC08C2>>2?2=6:2/?6:<!AGH-?2 56?DEC-7@?E2:6?2?E/@?E9H E9?@A@/2DE9C/K@J?0=2E2!==2<0>  E@JI2C2<E.C:D6F6E:<0E@868@?0H0E:2JE.E97@C!;6D9<BF9<6 <=/>25JD2C-D<6:2HA@J6<59=B?6:9>6:@497/2- <0D>@H2A0E2<!EG <2FBH 0AGH6/A6 65B<2:IC0?:2@:986D/6HE@J2 >2E2 ?2?E:E9H986D/2H<=/>2E@@A@/@6/I6JA@IGC.D6: ,>GHE@868@?0H0E:E2A6C:DD0E6C2>A=0<2DE9C/K@?E2:2A06?GE:<! 8C@E:<@1<:?.>2E@H56?2?E2A@<C/?@?E2:DE2<2F.<@?E!E@JH 59=25.?2 AC@DGC:?!E9?A6C/@5@E9H59>@D<@A:<.H6<E/?2 AC@6E@:>!K@J?E@JH28C0E6H8:2E9?2A@EC@A.5JD>6?B?6;6=/;6G? DI.>2E2 >6E:H5J?!>6:HE@J?2>972/?@?E2::5:2/E6C26?:DIJ>-?6H ;9H -?2?IC0?@AC:? <2FBH6/?2:9E!D9A@J>0?:

[[

\\

U

          



U


  

UUU 

,=@D8 1>?I1B.?I 

[[

#$%  %  "$% ?,416?G;#DF1@/D1@/491D?IG,>9F C1>>1650759I@8B5C91;?.;19;I25B >8D9;?.@1B#7?>D5G/D1> <.71 FB1=5 D#D8>@1B#4?C8DF><0DBF>;19D8>1



@5<5IE,BFC8D?I56?@<9CD-5B9;<-1>17/ @?I<?I ?495IEI>D-GDF>"I<1;A> ?BI41< <?0C-=1>5CI>175B=/;19;1<?0C5=,C1CD1 =10B1=5C#>I;D1/<?IGD?IGI@1<<-<?IG;19 D86B?IB#DF>6I<1;A>>11>1<#259I@8B5C.1

CI<<86E5.791D8>1@17F7-D?I29?=-H1>?I!I <F>#;1EAG;19/D95.H5;1D87?B8E5.1@/1:9F =1D9;?0GD8G /D9;1E?487?0C5DAB1D8> 1@17F7-1>17/@?I<?I ;#D9@?I5.H51B>8E5. C0=6F>1=548=?C9?7B169;,G@<8B?6?B.5G( 0;?<1<?9@/>7.>5D191>D9<8@D//D9?1>1CD5 >17=/G1>1;?069C8G1@/D8>@<5IB#I@8B5C91 ;A>CD5<5HA>DF>6I<1;A> ?BI41<<?01<<# ;19;I25B>8D9;A>CD5<5HA>-D1>=57#<?G/D1>

        

,<8:5?CI>175B=/G;195.H1>C97?IB5ID5./D98 @B?7B1==1D9C=,>81@/4B1C85.H51@?65IHE5.( %?5@9;?9>F>91;/;19@?<9D9;/HD0@8=1@?IE145 H/D1>8;I2,B>8C8;1981>?1<19?;ACD1G 1@?4B?0C5;1D#D849#B;591D8G4.;8GD?I791D8>1 @/4B1C8=5D?5<9;/@D5B?;19<.75GAB5G16/D?I 5.H1>@1B1<#259?91@17F75.GD?I1>17/@?I<?I D1<0DB1E1-D1>=57#<?(;19?9;I25B>8D9;?.@1 B#7?>D5G45>E1-:5B1>@?0>1;BI6D?0>(

;1EAG56#B=?J5@5B9CC/D5B1,;D1;D1=,DB11 C61<5.1G @B?;59=,>?I>11@?65IHE5.=91>,1



U

1@/4B1C8D?I1C.<81<19?;ACD1 7>FCD?0 ;191@/D8>1@/4B1C8@B9>1@/<.71HB/>911@/



    

\\

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

1B#>?=5G5<<8>?@?9-C59G =5@<1CD?7B#68C8I@?7B1 6A>;195=@<?;-1CDI>?=9;?0 ,65B1>CD?6FG?9,B5I



>5GD8G950EI>C8GCFD5B9;A>)@?E,C5F>D8G<<8>9 ;-GCDI>?=.1GC5CI>5B71C.1=5D8>>D5B@/< 9/<11ID#=1;B9#1@/D8>E->1 C5=91I@/E5C8@?ID1<1 >.J59D?>D5<5ID1.?HB/>?D8>1CDI>?=.1D8G5I;#41G +>1@5 B9CD1D9;/@?I1@?;#<I35;19 48=?C.5IC5@BAD88D?@9;568=5B.41&5I;14.D9;?G/

:.J59>1C8=59FE5.@FGD?C;#>41<?1ID/45>E11@?;1<I

D9>,GAB5G@?I,<59@1>/<?91@/D17B165.1D?IG1;/=8;19#2

@D/D1>1>45>I@-BH1>69</D9=?9;19,>D9=?9CI>#45<6?91CDI >?=9;?.D?I@1B1>?=?0>D?G ?9?@?.?96B/>D9C1>5@9=5<AG>1

21D?CD9G D?@BF. $9 1<<?41@?. 16?0@-B1>D9G#459G?=?75>A> 1>1HAB8

6D#C59=,HB9D,<?IG;IB.FG=5D9G;1D1E,C59GD?IG1ID-89 CD?B.1

C1>791HAB5GD8GIBF@1K;-G+>FC8G1>5>/H<8D?9;1EAG-D1> &>/=9=?9' *@1:;19491@9CDAE8;51@/D8>I@8B5C.1D?@1B#>?=?

0=6F>1=5D1/C148=?C95059?&5I;14.D9;?G/7?G'<?9

D8GI@/E5C8G 1>1;<-E8;1>/<5G?9#4595G;19D1ID/HB?>1 C5 CI>5B71C.1=5D8> #B H9C1>,B5I>5GACD5>12B5E?0> 1=,CFG/<?9?9@1B1>/=FG5< <8>?@?98=,>?9 !#<9CD1,>1G1@/1ID?0G CI>5<-6E8;#@?ICD8>$<<1>4.1>1HB8C9=?@?95.=911@/D9G

 ! $&$# 

7?G' 0=6F>1=5D?48=?C.5I =1D8GD?@9;-G568=5B.41G;19=5D1/C1@B?;0@D?I>1@/D9G@1

@/> ?9@BAD5GI@?3.5G;9>-E8;1>/D1>45<D.1791,;4?C8D1I

B#<<8<5G,B5I>5GD8G950EI>C8GCFD5B9;A>)@?E,C5F>;19 D8G>D5B@/< @B/;59D19791=915:19B5D9;#C?21B-I@/E5C8 #>F1@/ 1<<?41@?.C549#CD8=1@5B.@?IDB9A>=8>A>1B H,G$;DF2B.?I  ,FGD,<?GD?I.49?IHB/>?I1@,;D8C1>D1I D/D8D5G?=?75>?0G @?ID?IG,49>51ID?=#DFGD?49;1.F=1>1

D/D8D1G?=?75>A>2B,E8;1>C5#CH5D1=,B8=,C1CD8>1CDI>? =.1 5>A,<59@1>;19@?<<#1@/1ID#D145<D.1 @?I5.H1>HB5FE5. C5CI7;5;B9=,>1#D?=1 %C5;#B?>D1G49#6?B1,77B161491@.CDFC1>/D9;1D#;19B?0G ,H?I>@1B1<86E5.;#@?9149;19?<?78D9;#1<<?41@A>1@/CI

;I;<?6?B?0>=5#>5C8C5/<5GD9GHAB5GD8GIBF@1K;-G+>F C8G ;1D1E,D?>D1G/=FG@<1CD#49;19?<?78D9;#

7;5;B9=,>?1CDI>?=9;/,H59D5E5.-48C5491E5C9=/D8D1791CF B5.1149;8=#DF> C55@?H-@?I2B9C;/D1>C5#4591 1@?75I=1

@1B1@#>F#4595G 5>A,>1G#<<?GCD8>E->1 %1ID?HB/>FG 491@9CDAE8;5 0CD5B11@/,B5I>1 @FG?9#4595G5.H1>@<1 CD?7B168=,>5GI@?7B16,GD?I49?9;8D-D8GI@8B5C.1G %?D=-=1CFD5B9;A>)@?E,C5F>?<?;<-BFC5D8>@B?1 >#;B9C8;19,CD59<5D8>I@/E5C8CD1H,B91D?I59C1775<,1 5I;#41G ??@?.?G=5D8C59B#D?ID8>@1B,@5=35CD?>1 >1;B9D-

U




!

UUU

[[

#  

#:KNRF )?LMW?P<MW 

(#!#*", '('( '$(" #(#,$)'

LS:JCGI?LC<UL??LRGIP<QCGRM?WSCLRGI= NP=QTNMRMWIWLGQKM>I?GRFUWNMIPGQ<?U BCL:VCGN?P,L?P<HCGKG?CHCR?QRGI;K?RG,QC:L?L NMJGRGI=NMWN?JC>CGEG?RFLCIJMEGI;RMWCNG @<TQF %WR;RFLCNMV;MNPTSWNMWPE=U*OQR?U*? P?K?LJ;U =NTU=J?BC<VLMWL :VCGN?P?BOQCG?

RMW.$' %S?L?Q<?&J,VMWQWK@,QCGURFU 7?PKCLGI=UMPE?LGQK=URFJCNGIMGLT LGOLI?G  &M>JE?PFRMQ>QRFK?CNGIMGLTLGOL QRP?RM>1'PK;U2I?GRM?LRG?CPMNMPGI=Q>QRF K?12 9NTU;BF:VCGBG?PPC>QCG WN,PVMWLL:?QRMG VC<? @,QCGRTLMNM<TLRGUCN=KCLCUK:PCUS?QI,

?N=R?ACWBOLWK?/=IM +,RGI?G/=XMU WN,PVCG IJ<K??LM<EK?RMUCJ@CRGIOLJME?PG?QKOL ?N= RMWUMNM<MWUS?NPMQRCSM>LL:?QRMGVC<? %WR=RM,LMGEK?@C@?<TUC<L?GI,RGNMW:NPC NCL?E<LCGNPMI?GPM> =R?LMCGQ?EECJ:?U# %S? L?Q<MW QN,XMLR?UI,SCVPMLGI==PGM QR?K,RFQC >QRCP??N= K;LCUNPM?L,IPGQFURFL:PCWL?

\\

R? BCLC<VCRFLNCPG:PECG?L?NJFPMDMPFSC<M>RC I?LRM=LMK,RMW 6L??I=KFQRMGVC<MNMWBC<VLCGRMVMLRP=N?G VL<BGNMWCRMGK,XCR?GC<L?G=RG;BFMWNMWPE=U!G I?GMQ>LFU- !:LBG?UCNGIMGLOLFQCKCRMLNP=C BPMRMW-MKGIM>$WK@MWJ<MWRMW*P,RMWUQWXF ROLR?UK?X<RMWRMCLBCV=KCLML?N?P?QRC<TUNM

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

    0GUCN=KCLCUK:PCUQ8?WR;RFLNPMQN,SCG?S? CLR?VSC<L:?1>JF2 .GR:QQCPGUBGIMEP?D<CUNMW C<V?LBG?VTPGQRC<?N=RMICLRPGI=QI:JMURFUW N=SCQFU EG?RGUMNM<CUC<V?LBG?R?VSC< HCVTPGQR:UNPMI?R?PIRGI:U:PCWLCU C<V?L?L? RCSC<QRMWUCGQ?EECJC<U- .PLCP,IFQWK@,QCGU

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

QRMQFKC<M?N==NMWI?LMLGI,S?:NPCNCL?RFL ?PV<QCG "WK<XMWKCNTU =R?LMG?NMI?J>ACGURFU EP?KK?R:TURMW4PGQRMDMP,IMW:DR?Q?LKG?? L,Q??N=WNMWPE=RFUIW@:PLFQFU MI?J=UCG Q?EECJ:?U BC<VLMLR?UCNGJ;AGKFBG?IPGRGI=RF

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

JGRGI;?ETE;QCB<ICUCGU@,PMURFUQRFL 'JJ,B?I?GRMCHTRCPGI=?JJ,I?GRFLCIBMV;L?? QIFSM>L?QD?JGQRGI,K:RP?CGU@,PMURFUCR?G PC<?UI?GL?XFRFSM>L?NMXFKGOQCGUEG?XFK<CU NMWNPMIJ;SFI?LQRMCJJFLGI=!FK=QGM

U

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

U






UUU 

,:KNRF ?LMW?P<MW 

[[

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

\\

VPFK?RMB=RFQFURFURPMKMIP?R<?U 1CLRPGI=P=JM:VMWLR??PK=BG?BGCWSWLRGI3 QRCJ:VFR?MNM<?MP<XMLR?G?N=RM*- RFURP3NC X?U VTP<UL?KNMPM>LL?I?R:VMWL3JJFS:QFQC ?WR; I?GR<SCLR?GCNGICD?J;URTLCQTRCPGIOL2M L3BTL1?LMLGQRGI;U-WKK=PDTQFU MGMNM<CU? L?J?K@3LMWLL?BGCINCP?GOQMWLRFLCEICIPGK: LFQRP?RFEGI;RMWCI3QRMRCNGQRTRGIM>GBP>K? RMUEG?RMH:NJWK?

"  ! $ 

    /LBCGIRGI3 KCPGI:U?N=RGUWNMVPCOQCGURTL RP?NCXOLQRMNJ?<QGMRFUQRP?RFEGI;URMWUC<L?G U 4?CD?PK=XMWLCN?PIC<UI?GI?R3JJFJCUNM JGRGI:UI?GBG?BGI?Q<CU=QML?DMP3RFB:MWQ?C NGK:JCG?NPMURMLNCJ3RFI?GRMLNP?EK?RGI=BG I?GM>VM ?LNP=ICGR?GEG?LMKGI=NP=QTNMBFJ?B; RFLR?WRMNM<FQFIGCN?J;SCWQFRTLQRMGVC<TL RMW RFD>J?HF?PVC<TL:TUN:LRCVP=LG?RMWJ3 VGQRML RMLCQTRCPGI=:JCEVMRFUCD?PKME;URTL

WQRFPM>UI?L=LCUEG?RFLI?R?NMJ: KFQFRMW@P=KGIMWVP;K?RMU@3XCG QRGURP3NCXCUMBGMGIFR;URFU6P3NC X?URFU/JJ3BMU)GOPEMU,PM@=NMW JMUKCQV:BGM,P3HFURMMNM<M;BF:VCGBMSC< QRMWUCLBG?DCP=KCLMWUEG?BG?@M>JCWQF 0NP3HF,PM@=NMWJMW:PVCR?GL?CHCGBGIC>QCG RMLNP=QD?RML=KM   EG?RFLI?R?NMJ: KFQFRFULMKGKMNM<FQFUCQ=BTL?N=CEIJFK?RG



JGRGI3NP=QTN? BG?QWLMPG?I:UQWL?JJ?E:UI?G $%('" " 23JGQR?MGIWPOQCGUNMWNPM@J:NMLR?G@3QCG RMW3PSPMW RMW4   =R?LMGRP3NCXCU N?P?@?<LMWLRGUWNMVPCOQCGURMWU?LRGQRMGVM>L QCRQMWVRCP3NP=QRGK??N=  :TU CI? RMKK>PG?CWPO R?MNM<??LC@?<LMWLQR?  :TU CI?RMKK>PG?CWPOQCNCP<NRTQFWNMRPM

U 4?WGMSCR;QMWLNMJGRGI;?NMBMV;UL:TLNC J?ROL@3QCGIPGRFP<TLKF?NMBCIRM>IGLB>LMW ?DM>?HGMJME;QMWLCLBCJCVOURMWUIGLB>LMWU NMW?LRGKCRTN<XMWL?N=RMWUNCJ3RCU RGUQWL?J J?E:U;RGUVOPCUNPM:JCWQFU;BGCH?ETE;URTL

N;U

CPE?QGOLRMWU

I:UBP?QRFPG=RFRCUI?GRFVPFK?RMB=RFQFURFU RPMKMIP?R<?U QRMIMKK3RGNMW?DMP3RMLRP? NCXGI=RMK:? -RFLMWQ<?MP<XCG:L?JCNRMKCP:U I?LMLGQRGI=NJ?<QGMRMMNM<MMGRP3NCXCUMDC<JMWL L??IMJMWSM>LWN=RFL CNMNRC<?RFU6P3NCX?U

'!-#-0(&&"/ '    .$,  /%$    

RFU/JJ3BMU -FKCGTR:ML=RGMN? P?N3LTL=KMUCLQTK? ROLCGQRFLCJJFLGI;LM KMSCQ<?R=QMRFL1MGLM

RGI;5BFE<?  /1 I?GRFLCD?PKMQRGI;RFU 5BFE<?  /1=QM I?G-WQR3QCGURFU5K3B?U8PFK?RMNGQRTRGI;U *P3QFU""!'#"& #% NMW C<L?GM?L?ELTPGQK:LMUBGCSL;UDMP:?UEG?RFS: QNGQFBGCSLOLIPGRFP<TLI?GNPMR>NTLEG?RFL? LRGKCRONGQFRTL?BGIFK3RTL?WROL 9NTUNPM@J:NCGML=KMU RMQV:BGM,P3HFU? L?S:RCGQR??PK=BG?BGCWSWLRGI3QRCJ:VFRTLRP? NCXOL?WHFK:LCUCWS>LCUI?G?PKMBG=RFRCU CLO B<LCGKCE3JF:KD?QFQCMPGQK:LCUI?RFEMP<CUQW L?JJ?EOL?WHFK:LMWIGLB>LMWI?GCGBGI3?WR:U NMW?DMPM>LQC#&#%CR?GPC<CU ?JJMB?N3NM

BG?BGI?QGOL RFL?HGMJ=EFQFRMWIGLB>LMWEG?H: NJWK?VP;K?RMU;VPFK?RMB=RFQFURPMKMIP? R<?UIJN

     ,PMURMN?P=LRMQV:BGMQWL?LR3RGU?LRGBP3 QCGURTLRP?NCXOL I3RGNMWI?SWQRCPC<RFL:IBM QFRFU,P3HFU 5GCINP=QTNMGRTLRP?NCXOL EG? RFL?IP<@CG? NPM@3JJMWLRMCNGVC<PFK?=RGS?BW QIMJCWRM>LQRFLWJMNM<FQFRFU,P3HFUQRML @?SK=NMWCLOBG?S:RMWLWNFPCQ<CUI?LMLGQRG I;UQWKK=PDTQFU ?WR:UC<L?GWNMQRCJCVTK:LCU 2G?NPORFQWL3LRFQFNP?EK?RMNMG;SFICQRGU RMWNCP?QK:LMW*CI:K@PFI?G?N=R=RC?IM JM>SFQ?LKCPGI:U?I=KF3RWNCUQWL?LR;QCGU VT P<UL?WN3PHCGQWKDTL<? -RMKCR?H> QRFLCN= KCLFQWLCBP<?QFRFU/NGRPMN;U6P?NCXGIOLI?G ,GQRTRGIOL+CK3RTLRFU6R/S?:PSMWLNPMUC H:R?QF NCPGNROQCGUHCNJ>K?RMU@P=KGIMWVP; K?RMUIGCIC<S?D?LC<?LS?JCGRMWPE;QCGRMQ> QRFK?RTL?WQRFPOLIWPOQCTL ,GM?L?JWRGI3 =QML?DMP3RMQV:BGM,PM@= NMWJMW?WR=MP<XCG:L?JCNRMKCP:UI?GK?IPM QICJ:UNJ?<QGMWNMVPCOQCTLRTLNGQRTRGIOLG BPWK3RTLQRFLI?RC>SWLQFRFUBG?K=PDTQFU QCNPMJFNRGI=I?GI?R?QR?JRGI=CN<NCBM KG?U QRP?RFEGI;UI?R?NMJ:KFQFURFULMKGKMNM<FQFU CQ=BTL?N=CEIJFK?RGI:UBP?QRFPG=RFRCUI?GRFU

U 4?BG?KMPDOLMWLNJ;PCUMGIMLMKGI=I?GQW L?JJ?IRGI=NPMD<JRMWNCJ3RFKCQIMN=RFLI? RFEMPGMNM<FQF@3QCGIGLB>LMWI?GRFJ;AFK:RPTL B:MWQ?UCNGK:JCG?U U 4?CEI?SGQRM>LI?R3JJFJ?NJFPMDMPG?I3 QWQR;K?R?EG?RFBG?PI;N?P?IMJM>SFQFI?GRML CLRMNGQK=>NMNRTL;?QWL;SGQRTLQWL?JJ?EOL U 4?I?SMP<XMWLRMLP=JM RFLCWS>LFI?GR? I?S;IMLR?RMW.PK=BGMW*GCWSWLRGIM>-RCJ:VMWU RMW3PSPMW RMW4   I?GRFUWNFPC QG?I;UKML3B?URFUMNM<?URWV=LNPMZQR?R?GI?G BG?S:RMWLRMWU?N?P?<RFRMWUN=PMWUI?GK:Q? EG?RFL3QIFQFRTLI?SFI=LRTLRMW U 4?I?R?L:KMWLQ?DC<UCWS>LCUI?GI?S;IM LR?QR?CKNJCI=KCL?KCRGUQWL?JJ?E:UI?GCPE? Q<CURMWNGQRTRGIM>GBP>K?RMUNP=QTN?I?GWNF PCQG?I:UKML3BCU U 4?J?K@3LMWLR?I?R3JJFJ?K:RP?OQRCR? BGCWSWLRGI3QRCJ:VFI?GRMNPMQTNGI=RMWUL?C LFKCPOLMLR?GQVCRGI3KCRGUBG?R3HCGURMWL=KMW I?GRFUCLJ=ET,P3HFU CLONPM@J:NCR?GQWKKC RMV;QCCHCGBGICWK:L?NPMEP3KK?R?I?R3PRGQFU QRM?LRGIC<KCLMRFUNP=JFAFURMWHCNJ>K?RMU VP;K?RMUI?GRFUVPFK?RMB=RFQFURFURPMKM IP?R<?U

U



! # %

9QML?DMP3RMLMPGQK=RMW IGLB>LMWICD ?N=RGUBG3DMPCU

QWL?JJ?E:U?WR=U?NMPP:CG U .N=RFLCN?EECJK?RGI;; CNGVCGPFK?RGI;GBG=RFR?RTLNCJ?ROL RFURP3NCX?UNV NMJ>NJMIFBMK; GBGMIRFQ<?ULMKGIOLNPMQONTL CR?GPC<CUKCKCRMV:UQRMLIMKGQR; CR?GPC<CUNMW:VMWLQWQR?SC<QC WNCP3IRG?I:LRP?NMJGRGIOU CIRCSCGK:L?NP=QTN? NCJ3RCUKC KCE3JCUQWL?JJ?E:UQCKCRPFR3IJN U .N=RFQWL?JJ?IRGI;QWKNCPGDMP3 RMWNCJ3RFNV BGCL:PECG?QWL?JJ?EOL VTP<UCKD?L;L=KGKMCKNMPGI=; MGIMLMKGI=QIMN= BWQIMJ<CUQRFL CH?IP<@TQFRFUNFE;UI?GNPM:JCWQFU RTLNCPGMWQG?IOLQRMGVC<TLRMW NCJ3RF ?NPMSWK<??N=RMLNCJ3RFL? ?NMI?J>ACGRMWUNP?EK?RGIM>U GBGMIR;RCULMKGIM>NPMQONMWIJN U .N=RFBGCL:PECG?QWL?JJ?EOLNMW CWLMM>LRFL?LTLWK<?RMWNCJ3RFNV NCJ3RCUCH?NMQR3QCTU U .N=R?NPMY=LR?I?GWNFPCQ<CUNMW N?P:VMLR?GQRMWUNCJ3RCUCK@3QK?R? WNFPCQ<CU$%('" " CNCLBWRGI3 NPMY=LR?IJN U .N=RFVOP?;RFLNCPGMV; NPM:JCWQFU;BGCH?ETE;URTLCPE?QGOL RMWNCJ3RF 2C@3QFR?N?P?N3LTMGRP3NCXCU MDC<JMWLL?I?RFEMPGMNMGM>LRMWU NCJ3RCURMWUQCRPCGURMWJ3VGQRML I?RFEMP<CUIGLB>LMWV?KFJM> KCQ?<MW WAFJM> -RFLI?RFEMP<?WAFJM>IGLB>LMW CLR3QQMLR?GMGCH;UNCPGNROQCGU MG MNM<CUCNG@3JJMWL7?WHFK:LFB:MWQ? CNGK:JCG?NCJ3RCUNMWMR=NMU I?RMGI<?URMWU@P<QICR?GCIR=U /JJ3B?U KFFKCB?N3,MJGRGIOU /IRCSCGK:L?,P=QTN?NP=QTN?NMW :VMWLQFK?LRGI=BFK=QGMJCGRM>PEFK? QRCLM<QWEECLC<UI?GQRCLM<QWLCPE3RCU RMWU CR?GPC<CUKC?LOLWKCUKCRMV:U WNCP3IRGCUCR?GPC<CUI?GCR?GPC<CU CGBGIM>QIMNM> QV;K?R?;MLR=RFRCU QRCPM>KCL?LMKGI;UNPMQTNGI=RFR?U NMWBG?VCGP<X=LR?GICD3J?G?;3JJCU MK3BCUNCPGMWQG?IOLQRMGVC<TL CLOQCGUNPMQONTLKFICPBMQIMNGIM> V?P?IR;P? JME?PG?QKM<BG?VC<PGQFU NCPGMWQG?IOLQRMGVC<TLQFK?LRGIOL NCJ?ROL :L?PHFCNGVCGPFK?RGI;U QV:QFUQWL?JJ?E:UVTP<UDWQGI; N?PMWQ<?RMWNCJ3RFNV K:QT RFJCDOLMW BG?BGIR>MWIJN BG?QWLMPG?I:UQV:QCGURP?NCXGI;U ?LR?N=IPGQFUKCRP?NCXGI3GBP>K?R? RP<RTLVTPOLI?G R:JMU VOPCUMG MNM<CUBCLCD?PK=XMWLCN?PIOURGU QWQR3QCGURFU

U




#

UUU

% 

=:04/:;:)3>3,;*?3

!)! )('$#



77:'9,8'?A;: 80??,,?(>4,*;:D6*;36,9 ;0=) ;:D?0=>?4,/'9?=, ;=:6048'9:D9,6,?,>60D,>?0)26, =E 0?:48E0?,49,,9:)504:/(8,=C:B6,4>?:,26=?4 , 29:<9?,B24,84,,6*831:=?:DB;:7)?0B;:D/4,8,=

?+=:9?,424,?,>C'/4?:D9,=)504?>48'9?:8'>,>?:&7>:B, 26=,?):D1?4C9:9?,B6,4;74D;,)@=4:@',?=:6,46,10?'=4, ;, =?:202:9*B*?4D;=C:D9,;:1>04B?:DD8-:D7):D;46=, ?0),B;:D/090;4?=';:D96,8),,77,2(C=(>3B04B-=:B?:D;= >49:D6,46,8),08;:=46(C=(>3 D?(?31:=>04='C04?:D;:D=20):0A=2),B ;:D088'>AB ;739>,1<B?:DE3?"9,6?>041=*948,# 9,839;=:CA=(>04>0 6,8),09'=204,CA=)B?39'26=4>3?3B,=8*/4,B,>46(B$;3=0 >),B6,4?:9;=:04/:;:40)*?4 >0;0=);?A>3;:D/09>D88:=1A @0) @,?:9"?D7)504>084,6*77,C,=?)#6,4?:97*2:@,'C04346,4 :>+93 !:"#,;:6,7+;?04>(80=,?390;4>?:7(;:D,;0>?73;=49,;* 7)20B8'=0B;=:B?:9(8:@39,)A96,4?340+@D9>3,><9?3B 0=41'=04,B??46(B,;*?:D;:D=20):0A=2),B40+@D9>3=: >?,>),B,><96,4D>46:+0=4-77:9?:B!8(8,77,2(B%=( >3B,>46<9,4<9 8'>A?3B:;:),B,;0D@+904;=:04/:;:)3>3 ;=:B?:9/(8,=C: ,;*?:9:;:):E3?9,839;=:CA=(>04>06,8), 09'=204,;:D,1:=?:&7>:B,26=,?):DCA=)B?39'26=4>3?3B ,>46(B$;3=0>),B /4*?43'6?,>30)9,4"63=D28'93AB/,>A?',# 6,4?:9;=:04/:;:40)0D@'AB*?4"09'=2040B;:D@)2:D9?:9C,=, 6?(=,;=6:D(7>:DB6,4,77E:D9?3C=(>3?:D/4<6:9?,4AB ;,=9:80B#

     ?39)/4,0;4>?:7(/40D6=49)E0?,4,6*83*?4 U !,09?*B?A9;*70A96,4?A9:464>?46<9;0=4:C<9;=6,6,4 7>3,;:7,+:D9,;*7D?3B;=:>?,>),B>+81A9,80?:+9?,28, 6,4?4B/4,?504B?3B/,>46(B9:8:@0>),B U ;=:>?,>),,D?(6,?,1,)90?,4,;*?:202:9*B*?46,909*B 0)/:DB0;'8-,>3/09;=:-7';0?,4 >0,D? 06?*B8*9:?3B/4' 70D>3B:/:+=@=: ;,=    U ,9,/,>A?':BC,=,6?(=,B?3B>D2606=48'93B'6?,>3B ;:D 6,@4>?,/+9,?36@0C=(>3;'=,9?3B;=:>/4:=4E*8093BAB7 >:DB



+')0.*2#12&17+ -*24,-"/, 2&14,)'.0-72,+'. #)#,#52'5%4,'52&5.*&5.-7 (#.0- **-7,.0 *#.2+112-%)08-)' %*7),-7,+#*%6-*')2&,13&1&.45& .042#-71"#,,1,#'..-73#, 0412'520#'5&/02 (&+#0/+22&5.#01+,&5

#7205)'#,/-'.#0-')-'.-7 "'2&0-,2&,.0*-%&.2&1& ,#'1.,-7,.-)'.--(7%,)-'+,2-71,12&,.*#'-,2&22-75+0'+,-'-' #0%2#52-7"+-7.#'3,'-'#,2-*-"6-'2-7 .0-122&2&56*40"5')2)*+,& .0-*#',,2-"$-5%'2&,.0-%0++2'1+,& #.'6#0&12-75

-.#0.-7/0#50%2#02 '4, '",20 .-720-$-"-2-1,12-'6#'4"/52*%62'12 2#20%4,')2&5.#0'-65+#-(7%,-7.-6/0&1, +.0-512&,!760'162&572-"'-')&2')5

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

'8;?3 ,9:D,=):D 

,>46($;3=0>),?:D D;:D=20):D0A=2),B

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

U

 $"" ,), -'(,!' , )(#$)%()% "(%, !')%. * &'%(%.# ()!%($ &(#$)( .()' &()%"&%. ()"&'$& ",#',()%$ #%*$+$

+.-7*,285) -5#00$3&24.2'5 ,1)-*-.'1+,#508#57.06#'",')52.-5%' 2&,#7"-)+&1&6/04,123+#71&5 2.',"'%4,'1+-+''"'42'))-',-.0( ,* #2-0%-2&5)21)#757.%#'-7.0)',%) 12&,.*2#"+-5.2&,.*#702-73

2-75)0- -*'1+,-757.***-752-7"+-7.-7 #).*04,,.#0#0%)3)-,21#)'-0'2' %0!,1)*&017,3+212-6+22-75)' .0-6/0&1,1#,)-7$'12')"#,"0-$2#71& 0%,41,+*'12 0"'#5)'+#',,20#'5+0#5 )'20#'5,62#5#..-"5.-*+-7.0-)#'+,-7, .0-122#1-7,2'520',2 $0#1)-$72#+,#5.01',#5 .,21#'512&,17"-12-7 ')2)*+,&7.3#1& #,'%#+2&.-.2#5.0 *!#'5 .*-712#1#'5)'1$#'#5-**-3'2-7"+-7 #.')#,20/,#2'12-"*#024,#.'"-2-+#,4, 31#4,.0)',%)%'2-75.#0'-)-75)+)', 7.-31-7+#2'2-75#,"'$0#'2-#0/2&+#,' .-'-'1#.1&)2,33#40-,2'.#0-')-'

'7.%#'#5"'"')1#5+'*,#-'%,408-,2#5 )'"&"7-.,#.'12&+')-)'.,2#.-*2#5 7. *,+,71&)22-7"&+06-7126-5 #,',+2'43-,216"'2-7 U

%.$)$)' .)%.$& '!$! *+ ,#'.45*%#2',#.24,#1"4, ,,-#2'2'72.-2#*##.0)5),&20-%' +'+')0)2120-$1,72.-7"& 17,2#*12&)# #')-1'2#2040.-72&,)-*-3&1,.,245 -')2-')-'2&5.#0'-65"#,.0"41,2.* !$&1,224,-.-4,&.0-717.0(# 06')"')0'2'))'12&17,6#'.-* "7,+')2#0&45)'1$7)2').#0'$0,&1,


" 



UUU  

0HX[_S 6MYZdM]JZd 

Mc]IXM_M OT^ Pd]\RTM_ZPUZ[WT ^_TVK[]KR]MXXM_Sbc\]MbN]H`SVMY abOT:XMRPJMb [M]:_SOd^cP]IZTVZ YZXTVI^dRVd]JM 9bOT:XMRPJMbN]H

`SVMYVMT_M OT^ RTMYM^a`ZLYZT_]:[PePb 7M_:_MWZT[: _ZP[JOZXM`H]XMY^Sb`MH] `PTXMeJ XP_McPWTOKYTM_SY:YZTUS -TM_ZdbM R]K_PbOPYd[:]cPTZL_PHYMPd]\[M]M[:YaM[K _M PVM_ZXXL]TM[ZdPUIRRPTWPZAM_eSR:

<T-:WWZTVM_K]`a^MYYM[:]ZdYVPQ:WTRTM []\_SQZ]:^P[]KR]MXXM_ZdPWWSYTVZL0ZWP XTVZL;Md_TVZLDXPPUMJ]P^S_SY[]ZXI`PTM_aY 4UZ^H_DKcTXKYZc:]S^_SYHY`P]XSd[Z^_I]TUS _Zd1M]VZeJ^_Z`HXM_aY1VZ[JaY MWW:VMTWKRa _Sb[\WS^Sb_aY^_]M_SRTV\Y[d]MLWaY%( &,%XPNPWSYPVHb:Ya_aY cWX7:`PQ]P R:_M`MQH]PTZV_\_H_ZTZdb[d]MLWZdb

VSb <T[d]K[WSV_ZT_Sb5WPJMbMVKXS PY:XT^S

   

c]KYZXP_:_SY_]MRaOJM [P]TXHYZdYc]IXM_M /PQ_:RTM_SY0MTOPJMVMT_SY@RPJM[ZLYMN]P `ZLY 4d_dc\bX[Z]H^MXP_PWTV:YMN]ZLXP

=ZP]\_SXM[Zd[]ZVL[_PTPJYMT[ZL`M_Zdb ]JUZdXPMd_ZLb_Zdb[d]MLWZdb XPOPOZXHYZ K_TPXPJbOPYHcZdXPPVQ]:^PTVMXJMOT:`P^SRTM

%%

  "(#'"! - % 

!'& +%$ % '* %"# ! OT^ Pd]\RTMYMMRZ]:^ZdXPQ]PR:_PbVMTMP]Z [W:YM 2UTZ[ZT\Y_Mb_SYd[M]V_I_Zd]VTVIM[PTWI S Z[ZJM KWab_dcMJabP[MYPXQMYJ^_SVPOdYMXT V:Md_I_SY[P]JZOZ Z3MRRHWSb8PfXM]:VSbP UIRRPTWPHYMPUZ[WT^_TVK[]KR]MXXMXMXZL` [ZdMVKXSVTMYSZTVZYZXTVI^dRVd]JMI_MYVM

MWWMRI_ZdMXdY_TVZLXMbOKRXM_Zb^PV:_T [TZP[T`P_TVK 2Y\_M_ZTMUTaXM_TVZJ_Zd0ZWP XTVZL;Md_TVZLd[Z^_S]JeZdYM[ZWL_ab^Z NM]:>K_TOPY[]KVPT_MTYMNZXNM]OJ^ZdXPVM YHYMYRPJ_ZY:XMb MWW:S[M]Zd^JM_ZdPWWS YTVZL0; ^P;2=<fVHbM[Z^_ZWHbXP_H_ZTZd

>QTWHWWSYM?;TVZW:1M]VZeJ MQZL_M OT^ D_ZdW:cT^_ZYD M[K_M[P]J[ZdHUTOT^ [Zd`M XMbVZ^_J^ZdYZTMRZ]Hb[:YP ^_M_MXPJMRMWWTV\YP_MT]PT\Y VMT_aYPO\MY_T[]Z^\[aY _Zdb<8PfXM]:VSbPUIRRPT WPPY_Kb_Zd  U =SYMRZ]: M[EPd`PJMbM [K_S-MWWJM PWTVZ[_H]aYH ]PdYMbOT:^a^Sb _MRYa^_: XMb1ZL[P]0ZLXM 5[]ZXI

B]M[]H[PTYM[M]MRRPJWZdXP_\]M RTMYM[M

#) ' ')!"#& $!

]MW:NZdXP_ZM]RK_P]ZXHc]T_M_HWS_Zd  

=ZXKYZ[]KR]MXXM[ZdHcPTV:[ZTMVZTYaYTVI

PJOZdbZ[WTV:^d^_IXM_M`MPJYMT^MQ\bMYM

=H_ZTMOdYM_K_S_M[M]MOK^PaYQMJYP_MTK_TH

c]S^TXK_S_MPJYMTMd_K_aY PWTVZ[_H]aYH]Pd

NM`XT^XHYS? 0]KVPT_MTRTM_S^dYHcPTM _ZdOKRXM_Zb_Zd2Y_\YS 2Y_aYT:OS [ZdabM]cSRKb -4;eI_MRPYMXSYPV^dR c]ZYT^_ZLYZTQ]PR:_Pb_Zd

cZdYMd_I_S^_TRXIXKYZZT2XP]TVMYZJ_Sb

YMbOT:^a^Sb RTM_MZ[ZJMSVdNH]YS^SP[TWH

WL_P]S`MM[Z_PWZL^P[]K VWS^S 0K^aX:WWZY_\]M CYM[]KR]MXXMO\]Z^_ZY

YMOTVMTZWZRI^PTVMTMd_I_SY[M]MRRPWJM 4J[PK _T P[PTOIM[Z^L]ZY_MT_M2 _Z   `Md[:]UPT MYT^Z]]Z[JMMP]Z[Z]TV\YOdY:XPaYXP_MUL 4WW:OMbVMT=Zd]VJMb

[[

'$")*#& XP_M RTM_JOTM`H_ZdYM

RPTP[J^Sb_SYM[EPd`PJMbMY:`P^S^_Zdb-:WWZdb

YZTc_IR]MXXI[M]MRaRIbRTM_SY[M]MRRPWJM

5PXXZYIRTMM[ZQdRIOTP`Y\YOTMRaYT^X\Y[Zd

_aYPWWSYTV\YVMT_aY[ZWaYTV\YMP]Z^VMQ\Y

_K^Zd[Z^_I]TePS;. _Mc]KYTM[ZdI_MYMY_T

<T=PUMYZJ X:WT^_M []Z_J`PY_MTYM[]Z^QH

[ZWJ_Pd^S ZQPJWP_MT^POLZWKRZdb

]ZdYXJM[TZPUPWTRXHYSHVOZ^S_Zd _ZZ[ZJZ

U G^ZTUH]ZdY_ZY7M]MXMYWIRYa]JeZdYK_T Md_:_M`HXM_M`HWPTYM_M>[MJePT?XKYZb_ZdRTM

$%"&'"!

^_KWZdRTMYM[:]ZdXPVMT YZL]RTPbVMT>YMPJXM^_P[TZ

`MOTM`H_PT]MY_:] HYM]MY_:][ZdMd_I _S^_TRXIOTM`H_PTXKYZ_Z VMT_ZP[J^SbM

YMM^VPJ>PUZ[WT^_TVIOT[WaXM_JM? 0ZWWZJP[T

!

Pd[M]Zd^JM^_ZT^_TbOTP

XP]TVMYTVK  .PYM[ZVWPJP_MTYM[M]MVZWZd

^SXMJYZdYVMT_SOTM_]TNI[ZdPJcPV:YPT XP`HXM

`YPJbM[Z^_ZWHb? .PYPJYMTWJRZTMd_ZJ[Zd

`I^ZdXPVTHYMYMXP]TVMYTVKPXQLWTZ^_SOTPV

MV]TN\b_Z>[MTcYJOT?[ZdHVMYPZ4WPd`H]TZb3P

OJVS^S_Zd^dXNZWMJZd_aY OT^ Pd]\RTM_M

YTeHWZbXP_Tb_K_PXPR:WPbOdY:XPTb7MTPJYMTRYa

d[Z^_S]JeZdYK_TS4WW:OM RTM_TbOTVHb_SbMXdY_TVHbM Y:RVPb^_Z2TRMJZ _Z_PWPd _MJZ[]:RXM[Zdc]PT:eP_MT PJYMTZTQ]PR:_Pb 0WZJM XP

YHMXMcS_TV: =Z  [Zd^LXQaYMXP_SQSXZWZRJMPV []Z^a[PJ_MT^_SY4WW:OMM[KRYa^_IP[TcPT]S

^_KK_TPJYMT`MdXM^_Ib_Zd3PYTeHWZd BWWPbP

%", '&

`PTM MYd[ZWZRJ^ZdXPVMT_M MVKXSOLZ[ZdHcZdY[M]MR RPW`PJVMTRTM_MZ[ZJMHcZdY [H^PTZTd[ZR]MQHbIOS UP [P]Y:PT_M PVM_ZXXL]TM U =SYM[EPd`PJMb[]ZXI`PTMM[K_S-MWWJMHUT

R:WM^PKRVZ Od^VJYS_M M [Z_PWZLYPLVZWZ^_KcZRTM _TbMP]Z[Z]TVHbOdY:XPTb _ZdMY_T[:WZd <1M]VZeJK Xab`HWPTYMd[Z^_S]JUPT_MYMd[SRPJM_ZdVMTZ

Q]PRM_\Y 0]KVPT_MTRTMQ]PR:_Pb[Zd_\]M

VMWKbQJWZb K[abS4WW:OM ^_TbOL^VZWPb\

YMd[SRZLY_MTRTM[]\_SQZ]:VTMd_KPX[P]TH cPT^ZNM]ZLbVTYOLYZdb K[abRTMV:`PYHZ []a

]PbQMJYP_MT

_K_d[Z[]KR]MXXM 5PX[PT]JM_Zd0; M[K_Z d[ZN]LcTZ>0M[MYTVZWIb?PJYMTPYOPTV_TVI

    

U 0M]MRRPWJM PY_Kb_Zd  XMcS_TV\Y MP]Z^VMQ\YXP[]ZZ[_TVIYM_MHcZdXP[M]M W:NPTXHc]T_Z   0ZWWZJd[Z^_S]JeZdYK_TMd _ISM[MJ_S^S>Qa_ZR]MQJePT?_M 

>MP]ZXMcJM?RTM_ZYHZXMcS_TVKMP]Z^V:QZb _ZZ[ZJZ ^LXQaYMXP_ZY8PfXM]:VS []H[PTYM [M]MRRPW`PJPY_Kb_Zd  <d[Zd]RKbBXd

\\

0]Zb_Z[M]KY_Z0M]J^TQMJYP_MTK_Tc:YPT_SY

YMbP[TVMWH^_SVPVMT[:WT_MPWWSYZ_Zd]VTV:RTM

[ZcHbVMT:WWM_MXPRH`S U 5VdNH]YS^SUH]PTK_TMY[:PT^POTMRaYT^XK

XM_TVIZTVZRHYPTM [M]Zd^T:^_SVPP[T^IXab ^_SY0ZWPXTVI2P]Z[Z]JMWJRPbSXH]Pb[]TYV:YPT

PTOTV:^_Z`HXM_aYQ]PRM_\YVMT_aYXMcS_TV\Y

_TbPUMRRPWJPb_aYYHaYMRZ]\YZ8PfXM]:VSb 3HNMTM SVdNH]YS^SHcPTOP^XPd_PJXH^a_Zd JOTZd_Zd[]a`d[Zd]RZLK_T`M_S]I^PT_SOH ^XPd^S[ZdPJcPMYMW:NPTS2`IYMP[J[]a`d

QZLZTQ]PR:_Pb_ZdVMTMV]TNK_P]PbPJYMTVMTOPY

[Zd]RJMb1SXJ_SRTM_SY[]ZXI`PTM+)' #!"*) [ZdPYOTMQH]PT:XP^M_S-P]XMYJM =ZVK^_Zb _SbMRZ]:b KXab []ZNWSXM_JePTHY_ZYM_SYVd NH]YS^S .PYM[ZVWPJP_MT MY_PWTV:Z7M]MXMYWIbVM _MQH]PTYM^dYMY_S`PJXP_ZY<X[:XMXHc]T_Z _HWZb8M]_JZd YMHcZdXP:XP^PbMYMVZTY\^PTb RTMMXP]TVMYTV:XMcS_TV:MP]Z^V:QS XP_MZ [ZJM`M_S>NR:WZdXP?Hab_Z  RTMYM[:XP XP_:^_Z

OPY`MX[Z]H^PTYMV:YPT_ZcM_J]T_Zd1M]VZeJ M RYa]JeZdXPVMT_TMV]TN\bOdYM_K_S_Pb`MHcZdY MQZLMVKXSN]J^VZY_MT^P^_:OTZMY:[_dUSb 2Y_T`H_abZTMY_MRaYT^_HbPJYMTd[M]V_ZJVMTQ`S YK_P]ZT G^ZRTM_MXMcS_TV:MP]Z^V:QSFOSZT1Zd SOZJXP_Z)#(&P_ZTX:eZdY^_ZTcPTZ`P_SXHYS []K_M^S [ZdM[ZOPTVYLPTK_THcZdY_ZQ`SYK _P]Z[]ZfKY 2YRJYPTOTMRaYT^XKb XP_MV]T_I ]TM[ZdHcPT`H^PTS02 RTM_ZYHZXMcS_TVK `M PJYMTM[KOL^VZWZHabM[J`MYZYMM[ZVWPT^_PJ _Z)#(& _ZZ[ZJZYM^SXPTa`PJK_T^_ZXPRM WL_P]ZXH]Zb_Zd[P]TWMXN:YPTMXP]TVMYTV:^d ^_IXM_M

U




 

     

 


¥•ª«¢Š †ºÌÏÓǘÀÍÎØÀѼÎØ

 ¥£¢š¢„ •˜¢š•¥£¢

1.350

¥½ÒÀļÍÀÈÓÀÃÈÀÒÊÎÑÏÈÒ̺ÍÀÒÓÈÖ —†ÄÑÆÀÒÓ»ÑÈÀÆÈÀÓÇÍÀÍÓÈÌÄÓÐÏÈÒÇ ÁÈÎËÎÆÈÊÐÍÀÏÄÈËÐͽÏÕÖΟÍÔÑÀÊÀÖ †ÇÆ»3FBEFST%JHFTU

¥ÇÖ™ÎѺÀÖÔÀƼÍÄÈ ÒÓÇÍ™ÎѺÀ



­ÍÓÎÍÇÃÈÏËÕÌÀÓÈÊ»ÊÀÈ ÒÓÑÀÓÈÕÓÈÊ»ÊÈÍÇÓÈʽÓÇÓÀ ÊÀÈÒÓÈÖÿÎ×ÐÑÄÖ

ÍÀËÀÌÁŸÍÄȺÑÆÀ ÏÀÑÀüÃÄÈÒÊÎØϼÃÈÀ

 

¢ÃÈÄÔÍ»ÖÁ¼ÎÖÊÀÈÇÏÎËÈÓļÀ ÓÇÖ4"*$ ¦ÄÔÍÈÊοÄÑÆÎ˟ÁÎا ÓÕÍ—ÍÕ̺ÍÕ͆ÎËÈÓÄÈÐÍ

ŸÙÀ¢ÀÏÎËÎÆÈÒ̽Ö



­ÍÀÖÀÏÎÊÀËØÏÓÈʽÖϼÍÀÊÀÖ ÓÎØ¢—•ÒØÍμÙÄÈÓÈÖÙÇÌȺÖ ÀϽÓÇÍÈÒÑÀÇËÈÍ»ÄϼÔÄÒÇ

Íļ×ÄÏÎÓºÃÎØ˺ÂÄÈÓÎ$* ʟÏÕÖºÓÒÈÔÀ»ÓÀÍÓÎʺÍÓÑÎÄÏÈ×ÄÈÑ»ÒÄÕ͏Ë˟ÃÄÍÃοËÄÂÄÏÎÓº

¥ÇÍÊÎËÎÊØÔȟÌÄÓÇÍ4"*$





¥Ñ¼À×ѽÍÈÀÌÄӟÓÇÍÄÌÏËÎÊ»ÓÇÖÒÓÎÒʟÍÃÀËÎÓÕÍØÏÎÊËÎÏÐÍÊÀȺÍÀÍÌÄӟÓÎÒʟÍÃÀËÎ4JFNFOT  ÇÄÓÀÈÑļÀÏÀÑÀÊџÓÎÖ¦ÏÀÑÀüÃÄȧÒÓÇÍ•Ë˟ÃÀÓÎÀÌÀÑÓÕ˽$*



‚ÄÊÄÌÁѼÎØ¥ÄÒÒÄџÌÈÒÈ ×ѽÍÈÀÌÄӟÓÇÍÀÑ×ÈÊ»ÏÑÎÔÄ Ò̼ÀÏÀџÃÎÒ»ÖÓÎØ ÓÎ$* ÓÎ Ò¿ÒÓÇÌÀÀÒÅÀËļÀÖÏÎØÏÑÎÎÑÈÙ½ÓÀÍÆÈÀ ÓÎØÖ¢ËØÌÏÈÀÊο֏ÆÐÍÄÖÓÎØ †£• „—›ƒ—ÀϽÓÇÍÄËËÇÍÈÊ»ÊØÁºÑÍÇÒǏØÓ½ ÓÎØ˟×ÈÒÓÎÍØÏÎÒÓÇѼÙÄÈÌÄÄϼÒÇÌÇÀÍÀÊμ ÍÕÒ»ÓÇÖÇÊÀÓÀÒÊÄ؟ÒÓÑÈÀÄÓÀÈÑļÀ 4DJFODF "QQMJDBUJPOT*OUFSOBUJPOBM$PSQPSBUJPO 4"*$  ÇÎÏμÀÌÄÓÀýÔÇÊÄÏÑÐÓÀÀϽɺÍÀšš• ¦ƒÀÌÏÎÑοÒÄÍÀÊÄÑüÒÄÈÓÎ×ÑØÒ½ÌÄӟË ËÈÎÓÇÖÏÈÎÌÀÊѽÒØÑÓÇÖÃÈÀ̟×ÇÖÆ¿ÑÕÀϽ ºÍÀÒØÌÁ½ËÀÈΕÏÈÓºËÎØÖ ½ÌÕÖ ÄÏÈË¿ÔÇÊÄ ¯ÓÎØ˟×ÈÒÓÎͺÓÒÈÌÎȟÙÄÈ¢ÈÃÈÀÏÑÀÆÌÀÓÄ¿ ÒÄÈÖÊџÓÇÒÀÍ×ѽÍÈÀÊÀÈÀʽÌÇÊÀÈÇ×ÔÄÒÈÍ» ÀÍÀÊμÍÕÒÇ ÓÇÖ4"*$ ÃÇÌÈοÑÆÇÒÄÄÑÕÓ» ÌÀÓÀ§ ºÆÑÀÅÄÓÇÍÄϽÌÄÍÇ̺ÑÀÓÎÄÈÃÇÒÄÎ ÆÑÀÅÈʽҟÈÓYDPOPNZDPN ¥ÀÄÑÕÓ»ÌÀÓÀļÍÀÈÏџÆÌÀÓÈÏÎË˟ vÈÀÓ¼ÇÀÍÀÊμÍÕÒÇÓÇÖÄÓÀÈÑļÀÖÃÄÍÒØÍÎ ÃÄؽÓÀÍÀϽÀÍÓ¼ÒÓÎÈ×ÇÓÎØÄËËÇÍÈÊοØÅØ ÏÎØÑÆļÎØ‚Ç̽ÒÈÀÖ¥ŸÉÇÖ v•ÏѽÊÄÈÓÎÆÈÀÌÈÀÀÍÀÊÑÈÁ»ļÃÇÒÇÀϽÓÇÍ ÏËÄØџÓÇÖ4"*$ ÏÎØ»ÔÄËÄÍÀÄÊÁȟÒÄÈÓÈÖ ÄÉÄ˼ÉÄÈÖ »ÆÈÀºÍÀÓÄÓÄËÄÒ̺ÍÎÆÄÆÎͽÖÏÎØ ÇÄËËÇÍÈÊ»ÊØÁºÑÍÇÒÇÏÑÎÒϟÔÇÒÄÍÀÊÎØ ÊÎØËÐÒÄÈÄÍ̺ÒÕÄÎÑÓÐÍÊÀÈÓÀÑÀ×ÐÍ —¼ÃÈÀÇÄÓÀÈÑļÀ Ó½ÒÎÓÀÊÄÍÓÑÈʟÓÇÖÒÓÇÍ ™ÀËÈŽÑÍÈÀ½ÒÎÊÀÈÓΦØÏÎÊÀӟÒÓÇ̟§ÓÇÖ ÒÓÎ͆¿ÑÆΏÔÇÍÐÍÒÓÇ͏ԻÍÀ ÀÑÍ»ÔÇÊÄÍÀ ʟÍÄÈÏÄÑÀÈÓºÑÕÃÇËÐÒÄÈÖ ÏÀџÓÈÖÄÏÀÍÄÈ

ËÇÌ̺ÍÄÖÄÑÕÓ»ÒÄÈÖÏÎØÓÇÖØÏÎÁŸËÀÌďϽ ÓÇÍÏËÄØџÓÇÖÀÒÓØÍÎ̼ÀÖ ºÏÄÈÓÀÀϽÀÑÊÄ ÓºÖ̺ÑÄÖ ÎÄÊÏѽÒÕÏÎÖ¥¿ÏÎ؆ÀÍÀÆÈÐÓÇÖ ŠÓŸÔÇÖûËÕÒÄÒÓΆÎÍÓ¼ÊÈ(MPCBM½ÓÈÍÀÈÌÄÍ ÎÄÉÎÏËÈÒ̽Ö ¦ÓÀÄÏÈ̺ÑÎØÖØÏÎÒØÒÓ»ÌÀ ÓÀÄÊÓ½ÖÓÎØÊÄÍÓÑÈÊο ÏÎØ»ÓÀÍÒÓÀ׺ÑÈÀ ÌÀÖÀϽÓΧ º×ÄȆ£‚¢ƒ•˜ ÃÄͺ×ÄÈ ½ÌÕÖ†£„—›ƒ•˜ ÀÅοÃÄͺ×ÄÈÒØͺËÔÄÈÇ ÀÑ̽ÃÈÀÄÏÈÓÑÎÏ» ¢ÄÊÏѽÒÕÏÎÖ¥¿ÏÎØÀÑÍ»ÔÇÊÄÄϼÒÇÖÍÀ ʟÍÄÈÎÏÎÈÎûÏÎÓÄÒ×½ËÈÎÆ¿ÑÕÀϽÓÎÓÄËÈʽ ʽÒÓÎÖÓÎØÒØÒÓ»ÌÀÓÎÖ ÒÓÇÍÀÍÀÊμÍÕÒÇ ÓÇÖ4"*$ÀÍÀźÑÄÓÀȽÓÈÓÎÏÎÒ½ÀͺÑ×ÄÓÀÈ ÒÓÀÃÎ˟ÑÈÀ ×ÕѼÖÍÀƼÍÄ ÓÀÈ˽ÆÎÖÆÈÀÓÎÍÃÈÀÊÀÍÎÍÈÒ̽ºÊÏÓÕÒÇ ÄØÑÐÒÓÎÍÎÏμÎļ×ÀÍÊÀÓÀË»ÉÄÈ ÓÎÍšŸÑÓÈÎÓÎØÎÓ½ÓÄØÏÎØÑƽÖ‚Ç̽ ÒÈÀÖ¥ŸÉÇÖ”¿ÑÕ͆ÎË¿ÃÕÑÀÖÌÄÓÇÍÀÌÄÑÈÊÀ ÍÈÊ»ÄÓÀÈÑļÀ ˽ÆÕÓÇÖÊÀÔØÒÓÄÑÇ̺ÍÇÖÊÀÈ ÀÓÄËοÖÏÀџÃÎÒÇÖÓÎØÒØÒÓ»ÌÀÓÎÖ ¦¸ÓÀÍ ƼÍÄÈÇÏÀÑÀËÀÁ» ÔÀÄÊÃÎÔļÀÍÀÊμÍÕÒÇÀϽ ÓÎØÏÎØÑÆļÎÒÓÇÍÎÏμÀÔÀÀÍÀźÑÎÍÓÀÈÓÀ ÓÄËÈʟʽÒÓÇÒ¿ÌÅÕÍÀÊÀÈÌÄÓÈÖÑ»ÓÑÄÖÓÇÖ ÀÑ×ÈÊ»ÖÒ¿ÌÁÀÒÇÖ§ ûËÕÒÄ×ÀÑÀÊÓÇÑÈÒÓÈʟ ƒØ̼ÙÎØÌÄÓÈÖÒØÍÔ»ÊÄÖʟÓÕÀϽÓÈÖÎÏμÄÖ ØÏÎÆџÅÇÊÄÇÀÑ×ÈʻҿÌÁÀÒÇ À ™ŸÓÕÀϽ¦ÄÏÄÌÁŸÒÄÈÖÊÀÈÏȺÒÄÈÖÐÒÓÄÍ´ ÀË˟ÉÄÈǺÊÁÀÒÇÓÎØÃÈÀÆÕÍÈÒÌοØϺÑÓÇÖ 4"*$§ ½ÏÕÖÊÀÓºÔÄÓÄÓÎÎÓ½ÓÄÀÍÀÏËÇ ÑÕÓ»ÖÆÄÍÈʽÖÃÈÄØÔØÍÓ»ÖÓÇցÄÍÈʻւÈÄ¿ ÔØÍÒÇÖ•ÉÎÏËÈÒÌÐÍÓÎØØÏÎØÑÆļÎØ•ÔÍÈÊ»Ö

¬ÌØÍÀÖ ËºÉÀÍÃÑÎÖ†ÎËØÌÄͽÏÎØËÎÖ Á ™ŸÓÕÀϽÏȺÒÄÈÖÓÎØÓ½ÓÄÏÑÄÒÁÄØÓ» ÓÕÍ—†ÒÓÇÍ•Ë˟ÃÀ ¥½ÌÀÖš¼ËÄÑ ½ÏÕÖ ÊÀÓºÔÄÓÄÏÑÎÌÇÍÐÍÎØÅØÏÎØÑƽÖ‚Ç̽ÒÈÀÖ ¥ŸÉÇÖ«Ñ»ÒÓÎÖšÀÑÊÎÆÈÀÍ͟ÊÇÖ Æ †ÀџÓÈÖ¦ÄÏÈÄÈÊÐÖÀÏÀџÃÄÊÓÄÖÏÑÎÃÈÀ ÆÑÀź֧ÓÇÖ4"*$ Ò¿ÌÅÕÍÀÊÀÈϟËÈÌÄÓÎÍÊ †ÎËØÌÄͽÏÎØËÎ •ÊÓÎØÀÏÎÓÄ˺ÒÌÀÓÎÖ ÓκÑÆÎÀÏÎÃļ×ÓÇÊÄ ØÏÄÑÁÎËÈʽÊÀÈŸ×ÑÇÒÓίÀʽÌÇÊÀÈÆÈÀÓÇÍ ÀÏÀÈÓÇÓÈÊ»ÃÈÎÑƟÍÕÒÇÓÕÍ¢ËØÌÏÈÀÊÐÍ ØÓ½ÓκÑÆÎÏÎÈÀ×ÑÇÒÈ̽ÓÇÓÀº×ÄÈÒ»ÌÄÑÀ  ×ѽÍÈÀÌÄӟÓÎØ֏ÆÐÍÄÖ ÆÈÀÓÇÍ•Ë˟ÃÀ ¸ÓÀÍÎÈÀÑ̽ÃÈÎÈÀÍÀÊÎÈÍÐÒÎØÍÓÇÍÏÀÑÀËÀ Á»ÓÎØ$* ÔÀÏѺÏÄÈÄϼÒÇÖÍÀÄÉÇÆ»ÒÎØÍ ÈÀÓ¼ ÌÄӟÓÇÍÄÌÏËÎÊ»ÓÇÖ4"*$ÒÓÎÒʟÍÃÀ ËÎÓÕÍØÏÎÊËÎÏÐÍÏÑÈÍÀϽÓѼÀ×ѽÍÈÀ ÒÓÈÖ ÀÏÎÊÀË¿ÅÔÇÊÄÓÎÒʟÍÃÀËÎÀϽÓÇÍ ÊØÁºÑÍÇÒÇ ÄÊļÍÎÈÄϺÌÄÈÍÀÍÒÓÇÍÀÆÎџ ÓÎØÒØÒÓ»ÌÀÓÎÖÏÎØ ÊÀӟÓÀÅÀÈͽÌÄÍÀ ËÄÈ ÓοÑÆÇÒÄÕÖÏËÀÓŽÑÌÀÆÈÀÓÈÖØÏÎÊËÎϺÖ ¶ÆÈÀÓ¼ ÌÄÑÈÊοÖÌ»ÍÄÖÌÄӟÓÇÒ¿ÍÃÄÒÇÓÇÖ 4"*$ÌÄÓÇÍÄËËÇÍÈÊ»ÏËÄØџÓÎØÒÊÀÍßËÎØ 4JFNFOT ÇÄËËÇÍÈÊ»ÊØÁºÑÍÇÒǽ×È̽ÍκÊÀ ÍĽÓÈÃÄÍÁ˺ÏÄÈÓÎÍÄ˺ÅÀÍÓÀ ÀË˟ÓÎÍÏËÇ ÑÐÍÄÈÊȽËÀÖ †ÄÑÈÒÒ½ÓÄÑÀÆÈÀÓÈÖÃÑÀÒÓÇÑȽÓÇÓÄÖ ÓÀÒʟÍ ÃÀËÀÊÀÈÓÇÒÊÎÓÄÈͻŻÌÇÓÇÖÄÓÀÈÑļÀÖÄÊÓ½Ö •Ë˟ÃÀÖ ÒÓÎÍ›™•„¢4"*$ ÒÄË Š¥•„„™Š‚„—

—šÈÒºËÀÏÎʟËØÂÄ ¢šÏÀџÊ¢ÌϟÌÀÒÓÎÍÏÑÐÓÎÓÎØ˽ÆÎÕÖ ÏËÀÍÇӟÑ×ÇÖÄϺËÄÉÄÍÀļÍÀÈÆÄÍÈʽËÎÆÎÖ —šÈÒºË ÕÒÓ½ÒÎ »ÓÀÍÏÈÎÀÏÎÊÀËØÏÓÈÊ» ÊÀÈÀÖÌÇÍļÏÄ˺ÉǙȽÓÀÍ˺ÌÄÀÏÎÊÀËØ ÏÓÈÊ» ÄÍÍÎοÌÄÓÀÅÎѺÌÀӟÓÇÖ ÀË˟½×È ÓÀÀʟËØÏÓÀÒÇÌļÀÓÎØÒÐÌÀÓ½ÖÓÇÖ¥À ÒØÍÎ˟ÊÈÀÓÇÖÏÑÐÓÇÖÊØѼÀÖÒØÙÇÓ»ÔÇÊÀÍ ÆÈÀÓÎ×ÑÐÌÀ ÓÇÆÑÀÌÌ» ÓÇÍÀɼÀÓÎØÖ ¢ÈÏÈÎÒÇÌÀÍÓÈʺÖÏËÇÑÎÅÎѼÄÖ ½ÌÕÖ ÀÅÎ ÑοÍÓÎØÖÒ×ÄÃÈÀÒÓºÖÓÎØÖ¥Î×ÑØÒÎʼÓÑÈÍÎ ŽÑÄÌÀÒÓÇÍÓÄËÄÓ»ÎÑÊÕÌÎÒ¼ÀÖ»ÓÀÍÓÇÖ ˜ÙÀÌϺË¥Î˺ÃÎ ÊÎØÁÀÍÈÊ»ÖÊÀÓÀÆÕÆ»Ö  ÄÍÐÓÎËÄØʽÓÕÍ×ÎÑÐÍ»ÓÀÍÓÎإٺÈÒÎÍ ÎØ ÓÀÚÁÀͺÙÈÊÇÖÊÀÓÀÆÕÆ»Ö šÄŸËËÀ˽ÆÈÀ ÎÈÎÈÕÍÎÒʽÏÎÈÏÑÎÁ˺ÏÎØÍ ÓºËÎÖÒÓÎÄÌϟÑÆÊÎÊÀӟÓÇ֙οÁÀÖÊÀÈ ʽÍÓÑÀÌÄÓÇÍ™¼ÍÀÒÓÎÔºÌÀÓÇÖ¥ÀÚÁŸÍ ”‚

š¬«®£¤£Þ$IL?>I


£ • †¢ £ ¥ –

¥ÇÖ™ÎѺÀÖÔÀƼÍÄÈ •ËÄØÔÄÑÐÒÓÄÓÇ«ÀÁŸÇ ÒÓÇͨ™ÎѺÀ

—ÄÊËÎÆ»Óο¯ÄÍ̺ÑÄÈ«ÀÁÀͺÙÎدšÏÀџÊ¢ÌϟÌÀÄÍÓļÍÄÈÓÈÖ ÄËϼÃÄÖÆÈÀÏÄÑÈÒÒ½ÓÄÑÇÀØÓÎÍÎ̼ÀÓÕÍÍÇÒÈÐÍ ÀË˟ÃÄÍÒÁ»ÍÄÈÓÈÖ ÅÕͺÖÏÎØÃÈÄÊÃÈÊοÍÏË»ÑÇÀÍÄÉÀÑÓÇÒ¼À

­ÍÓÎÍÇÒÓÑÀÓÈÕÓÈÊ»ÊÀÈÃÈÏËÕÌÀÓÈÊ»ÊÈÍÇÓÈʽÓÇÓÀÏÀÑÀÓÇÑļÓÀÈÓÎ ÓÄËÄØÓÀ¼ÎÃȟÒÓÇÌÀÊÀÈÒÓÈÖÿÎ×ÐÑÄÖÓÇÖ×ÄÑÒÎÍ»ÒÎØ ¥ÎØ”Š˜„—‚ •„„—

¢

ÅÈËÄÈÑÇÍÈʽÖ˽ÆÎÖÓÎØšÏÀџÊ ¢ÌϟÌÀÊÀӟÓÇÍÓÄËÄÓ»ÓÇÖÎÑÊÕÌÎ Ò¼ÀÖÓÎØÊÈÍÃØÍÄ¿ÄÈÍÀϺÒÄÈÒÓÎÊÄͽ ÀϽÓÈÖÏÑÐÓÄÖÊȽËÀÖ̺ÑÄÖÓÇÖÏÑÎÄÃѼÀÖ ÓÎØ—ºÍÓÎÍÇÒÓÑÀÓÈÕÓÈÊ»ÊÀÈÃÈÏËÕÌÀÓÈÊ» ÊÈÍÇÓÈʽÓÇÓÀÏÎØÏÀÑÀÓÇÑļÓÀÈÓÈÖÓÄËÄØÓÀ¼ÄÖ ÄÁÃÎ̟ÃÄÖÒÓÇ×ÄÑ Ò½ÍÇÒÎÓÇÖ™ÎѺÀÖ ÊѼÍÄÓÀÈÈÃÈÀÈÓºÑÕÖ ÀÍÇÒØ×ÇÓÈÊ» ÊÀÈ ÌÈÀÒÓÑÀÓÈÕÓÈÊ» ÒØÌÏËÎÊ»ÌÄÓÀÉ¿ ½ÓÈÀÖÊÀÈ”½ÑÄÈÀÖ ™ÎѺÀÖļÍÀÈÏÈÔÀ ͽÍÍÀÀÏÎÓÄ˺ÒÄÈ ÓÎÏÑÐÓÎÆÄѽÓÄÒÓ ÆÈÀÓÎÍͺÎÏѽÄ ÃÑÎ ¸ÏÕÖÀÍÀźÑÄÈÓÎ ÏÑÀÊÓÎÑļÎÄÈûÒÄÕÍ61* ÀϽÓÈÖÀÑ׺Ö ÓÎØ×ѽÍÎØÎ/ÎÓÈÎÊÎÑğÓÇÖØÏÎØÑƽÖ ¬ÌØÍÀÖ„ÈŠÀÍÆÊ×ÈÏÑÎÄÈÃÎÏÎÈļÓÀ ÒÓÑÀÓÄ¿ÌÀÓÀÓÇÖ×ÐÑÀÖÍÀļÍÀÈÒÄÄÏÈ ÅØËÀÊ»ÆÈÀÏÈÔÀͻҿÆÊÑÎØÒÇÌÄÓÇ” ™ÎѺÀÏ½ÓÇÍŸËËÇÏËÄØџÓÕÍÒØͽ ÑÕÍ ÇÑÇÓÎÑÈÊ»ÓÎØÇƺÓÇÓÎØÊÎÌ ÌÎØÍÈÒÓÈÊοÊÀÔÄÒÓÐÓÎÖÓÇÖ”™ÎѺÀÖ ™È́ÈÎÍÆÊÈËÄÍÀÍÓ¼ÎÍÓÇÖ ™ÎѺÀÖ ļÍÀÈÓÎÓÄËÄØÓÀ¼ÎÃȟÒÓÇÌÀÈÃÈÀÈÓºÑÕÖ ÄÌÏÑÇÒÓÈÊ»•ÏÈÏ˺ÎÍ ÎÈÎÍÆÊÈ˺×ÄÈ ÀÑ×¼ÒÄÈ ÆÈÀ˽ÆÎØÖÄÊÅÎÁÈÒÌο ÍÀ ÄÏÈÔÄÕÑļÓÈÖÒÓÑÀÓÈÕÓÈʺÖÌÎ͟ÃÄÖÓÇÖ ×ÐÑÀցÈÀÏÑÐÓÇÅÎџ¿ÒÓÄÑÀÀϽ ×ѽÍÈÀ ΙÈ́ÈÎÍÆÊÈËÄϺËÄÉÄÍÀÏÄџÒÄÈÓÇÍ †ÑÕÓÎ×ÑÎÍȟÒÄÒÓÑÀÓÈÕÓÈÊ»ÌÎ͟ÃÀÏÀџÍÀ ÄÏÈÒÊÄÅÓļʟÏÎÈÎÄÑÆÎÒӟÒÈλÍÀÊÀÓÀÔºÒÄÈ ÒÓÄşÍÈÒÓÎÌÍÇÌļÎÓÎØÏÀÓºÑÀÓÎØ™ÈÌÈË ŠÎØÍÆÊ—ÀÌÄÑÈÊÀÍÈÊ»ÄÅÇÌÄѼÃÀÊÀËļÓÎÍ ¢ÌϟÌÀÍÀÌÇÍÏÀÑÀÁ˺ÂÄÈÓÎÀÍÇÒØ×ÇÓÈʽ ÒÄ͟ÑÈÎÄͽÖͺÎØÏÎ˺ÌÎØÒÓÇÍ™ÎѺÀ ØÓ½ÏÎØÒ¼ÆÎØÑÀÃÄÍÌÏÎÑļÍÀÏÀÑÀÁ˺ÂÄÈ ÇÀÌÄÑÈÊÀÍÈÊ»ÃÈÏËÕÌÀÓ¼ÀļÍÀÈÇÒØÌÁÎËÈ Ê»ÄϼÒÊÄÂÇ™ÈͺÙÎØÀÉÈÕÌÀÓο×ÎØÒÓÇÍ †ÈÎÍÆȟÍÆÊ ˼ÆÄÖÐÑÄÖÌÄӟÓÇÍÎÑÊÕÌÎÒ¼À ÓÎØ¢ÌϟÌÀ¸ÏÕÖÌÄÓÀüÃÄÈÓÎÍÎÓÈÎÊÎÑÄÀ ÓÈʽÏÑÀÊÓÎÑļÎÄÈûÒÄÕÍ"SJSBOH Ç×ÑÎÍÈÊ» ÒÓÈÆÌ»ÏÎØÄϺËÄÉÄÍÀÏÑÀÆÌÀÓÎÏÎÈ»ÒÄÈÓÇÍ ÄϼÒÊÄ»ÓÎØ΁Î؟ÍÆʁÈÀÑÎؼ ÄÏÈÊÄÅÀË»Ö ÓÎØÓÌ»ÌÀÓÎÖÃÈÄÔÍÐÍÒ׺ÒÄÕÍÓÇÖ™ÄÍÓÑÈÊ»Ö •ÏÈÓÑÎÏ»ÖÓÎØ™ÎÌÌÎØÍÈÒÓÈÊο™½ÌÌÀÓÎÖÓÇÖ ™¼ÍÀÖ ÃÄÍÌÏÎÑļÍÀÔÄÕÑļÓÀÈÓØ×À¼À ‚ÈÏËÕÌÀÓÈʺÖÊÈÍ»ÒÄÈÖÕÒÓ½ÒÎÏÑÀÆÌÀÓÎÏÎÈ οÍÓÀÈÊÀÈÒÓÇÍŸËËÇÏËÄØџÓÇÖÒÊÀÊȺÑÀÖ ¢ͺÎÖ˜ŸÏÕÍÀÖÏÑÕÔØÏÎØÑƽÖ¥ŸÑάÒÎÄÏÈ ÒʺÅÔÇÊÄÓÇŠÄοËÒÓÈÖ˜ÀÍÎØÀѼÎØÆÈÀÍÀ ÄÏÈÁÄÁÀÈÐÒÄȯҿÌÅÕÍÀÌÄÓÇÍÀÍÓÀϽÊÑÈÒÇ ÓÇÖÀÑÀÁÈÊ»Ö,IBMFFK5JNFT¯ÓÇÍÄÓÎÈ̽ÓÇÓÀ ÓÇÖ˜ÀÏÕͼÀÖÍÀÒØÍÄÑÆÀÒÓļÌÄÓÇ ™ÎѺÀ ÒÓÈÖÃÈÀÅÎѺÖÓÇÖÌÄÓÇ”™ÎѺÀ ÏÀÑÀÌÄѼ ÙÎÍÓÀÖÓÀÃÈÌÄÑ»ÏÑÎÁË»ÌÀÓÀÓÕÍÿÎ×ÕÑÐÍ „¼ÆÄÖ̺ÑÄÖÀÑƽÓÄÑÀ ÒÓÈÖ˜ÀÍÎØÀѼÎØ ÓÇ ŠÄοËÄÏÈÒʺÅÔÇÊÄÊÀÈΘÑÀÊÈͽÖØÏÎØÑƽÖ ¬ÌØÍÀ֏ÌÏÍÓοË™ÀÍӼѢÌÏÄÚÍÓ¼ ÆÈÀÍÀ

ÒØÙÇÓ»ÒÎØÍÓÎÍÓѽÏÎÀÏÄÌÏËÎÊ»ÖÓÕÍÊÎÑÄ ÀÓÈÊÐÍÒÓÑÀÓÄØ̟ÓÕÍÀϽÓÇ×ÐÑÀÓÇÖšºÒÇÖ ÍÀÓÎ˻֢ ÎÓÈÎÊÎÑğÓÇÖÎ̽ËÎƽÖÓÎØ „ÈŠÀÍÆÊ×ÈÔºËÄÈÍÀº×ÄÈÒÓÇÃȟÔÄÒ»ÓÎؽËÀ ÓÀÒÓÑÀÓÄ¿ÌÀÓÀÓÇÖ×ÐÑÀÖÊÀÔÐÖÇ”™ÎѺÀ ØÏÄÑÓÄÑļÒÇÌÀÍÓÈʟÀϽÀÑÈÔÌÇÓÈÊ»ŸÏÎÂÇ  ÀÍÊÀÈØÒÓÄÑļÓÄ×ÍÎËÎÆÈʟ •ÏÈ×ÄÈÑÇÒÈÀʟÙÇÓ»ÌÀÓÀ ÊÀÔÐÖÊÀÈÎÁÀÔ

¸×È ÎϽËÄÌÎÖÃÄÍÉÄʼÍÇÒÄÀʽÌǏÏËÐÖ ÎÈÒÓÑÀÓμÓÕÍÿÎ×ÕÑÐÍ ”½ÑÄÈÀ™ÎѺÀ ϟÍÕÊÀÈ ½ÓÈÀ™ÎѺÀʟÓÕ ÀÒÊοÍÓÀÈ ÔÄÀÓÑÈʟÒÓÇÍÏÎËÄÌÈÊ»ÄÓÎÈ̽ÓÇÓÀ ̽ÖÄÓÎÈ̽ÓÇÓÀÖÓÎØÒÓÑÀÓο ÒØÙÇÓ»ÔÇÊÀÍ ÒÓÇÒØ͟ÍÓÇÒÇÏÎØļ×ÄÒÓÈÖ˜ÀÍÎØÀѼÎØÎ ŠÀÍÆÊ×ÈÌÄÓÎØÖÃÈÎÈÊÇÓºÖÓÕÍÌÎ͟ÃÕͽËÕÍ ÓÕÍŠÕ̟ÓÕ͏ϽÓÇÒØ͟ÍÓÇÒÇ ϟÍÓÕÖ  Ò¿ÌÅÕÍÀÌÄÓÎÑÄÏÎÑӟÙÓÇÖÊÎÑÄÀÓÈÊ»ÖÄÅÇ ÌÄѼÃÀÖ+PPOH"OH ºËÄÈÏÀÍÎÈÃÈÎÈÊÇÓºÖÓÕÍ ÌÎ͟ÃÕÍÏÎØÁѼÒÊÎÍÓÀÈÒÓÀÒ¿ÍÎÑÀÌÄÓÇ” ™ÎѺÀ ¢ŠÀÍÆÊ×ÈÙ»ÓÇÒÄÀϽÓÀÒÓÑÀÓÄ¿ÌÀӟÓÎØÍÀ ļÍÀȺÓÎÈÌÀÆÈÀÌÈÀÍÀØÓÈʻҿÆÊÑÎØÒÇÒÓÀ ÔÀ˟ÒÒÈÀÒ¿ÍÎÑÀÓÕÍÿÎ×ÕÑÐÍ—ÏÈÔÀÍ» ÓÎÏÎÔÄÒ¼ÀÄͽÖÔÄÑÌοÄÏÄÈÒÎüÎØÄÍÓÎϼ ÙÄÓÀÈ Ò¿ÌÅÕÍÀÌÄÓÎØÖ ÎÓÈÎÊÎÑğÓÄÖ ÒÓÇ ”½ÑÄÈÀ¢ÑÈÎÆÑÀÌÌ»ÓÇÖ™¼ÓÑÈÍÇÖƒŸËÀÒÒÀÖ Ç ÎÏμÀº×ÄÈÎÑÈÒÓļÌÎÍÎÌÄÑÐÖÀϽÓÎÍ¢—•ÕÖ Ò¿ÍÎÑÎÓÕÍÿÎ×ÕÑÐÍ¢ÈÍÀØÓÈʺÖÃØ͟ÌÄÈÖ ÓÇÖ”™ÎѺÀÖÓÇÍÏÀÑÀÁȟÙÎØÍÒØÒÓÇÌÀÓÈʟ  ÌÄÒÓ½×ÎÓÇÌÄÓÀÓ½ÏÈÒÇÓÕÍ×ÕÑÈÊÐÍÓÎØÖ ØßÓÕÍÍÎÓȽÓÄÑÀ·ÒÕÖËÎÈϽÍÍÀØϟÑ ×ÄÈŸÌÄÒÇÒ׺ÒÇÓÎØÒØÍÀÆÄÑÌοÏÎغ×ÄÈ ÒÇ̟ÍÄÈÒÓÎÍÍÎÓÈÎÊÎÑğÓÈÊÎÒÓ½ËÎÊÀÈÓÇÖ ÏѽÒÅÀÓÇÖÀÆÎџÖÆÄÑÌÀÍÈÊÐÍØÏÎÁÑØ×¼ÕÍ Ó¿ÏÎØ ÏÑÈÍÀϽÿÎÄÁÃÎ̟ÃÄÖ —Ò¿ÑÑÀÉÇÓÕÍÿÎ×ÕÑÐÍÓÇÖÊÎÑÄÀÓÈÊ»Ö ×ÄÑÒÎÍ»ÒÎØÔÄÕÑļÓÀÈÏÈÎÏÈÔÀÍ»ÏÀџÏÎÓº  ÌÄӟÓÎÓºËÎÖÓÎØÏÎ˺ÌÎØÓÎ

 š¬«®£¤£Þ$IL?>IÙ٘ІÂżÞÞ¡·ÀÁÆ·ÃÒÁÆÞ

š

ÏÎÑļÇ«ÀÁŸÇÍÀÄÍӟ×ÔÇÊÄÒÓÈÖ —†ÒÓÈ֏ØÆοÒÓÎØ ÀÏÎ ÓÄËÐÍÓÀÖÓÇÍ»ÏÎËÈÓļÀÓÇÖ  ÕÒÓ½ÒÎÃÄÍÅÀ¼ÍÎÍÓÀȽËÎÈÃÈÀÓÄÔÄÈ̺ÍÎÈ ÍÀÆÈÎÑӟÒÎØÍÓÇÍÏÄÍÓÇÊÎÒÓ»ÄϺÓÄÈÎÓÇÖ ÏÑÎҟÑÓÇÒÇÖ¥ÎʼÍÇÌÀÆÈÀÓÇÍÀÍÄÉÀÑÓÇ Ò¼ÀÓÎØÍÇÒÈοÁѼÒÊÄȽËÎÊÀÈÌÄÆÀË¿ÓÄÑÇ ÀÏ»×ÇÒÇ ÄÍÐÒÓÇ«ÎÍÎËÎØËοÀØɟÍÎÍÓÀÈ ÎÈÃÈÀÃÇËÐÒÄÈÖÃØÒÀѺÒÊÄÈÀÖºÉÕÀϽÓÎ ÏÀ˟ÓÈÓÇÖÓÄËÄØÓÀ¼ÀÖÁÀÒ¼ËÈÒÒÀÖ †ÑÎÒşÓÕÖÏÑÎÁË»ÔÇÊĺÍÀÍÓÎÊÈÌÀÍ ÌÄÓ¼ÓËΦ/PIP—FXB¯ÇÏÀџÍÎÌÇÊÀÓÎ×» ÓÕÍ—†§Š´ÀØÓ½ ÀÍÓ¼ÆÈÀÓÎÒÓÄÑĽÓØÏÎ ÏÎØļÍÀÈÃÈÀÃÄÃÎ̺ÍÎÆÈÀÓÎÍÇÒ¼ ÌÄÓÈÖ ÆÈÑ˟ÍÓÄÖÓÕÍËÎØËÎØÃÈÐÍÊÀÈÓÎØÖ×ÎÑÎ¿Ö  ÊÀÓÀÆџÅÄÓÀÈÇÄÉÀÔ˼ÕÒÇÓÕÍÆÇÆÄÍÐÍÊÀÈ ÇÀÍÀËÆÇÒ¼ÀÓÇÖÀÌÄÑÈÊÀÍÈÊ»ÖÊÄÍÓÑÈÊ»Ö ÃÈμÊÇÒÇÖ ¦†ÑÈÍÀϽÓÎÍϽËÄÌÎÒÓΏÅÆÀÍÈÒӟÍÊÀÈ ÓÎ˜ÑŸÊ ÎȏÌÄÑÈÊÀÍμÄÉÀÒÊ»ÔÇÊÀÍϟÍÕ ÒÄÌÀÖ™ÀÓºÒÓÑÄÂÀÍÓÇÍBJOBÌÀÖ ÓÇ×ÐÑÀ ÌÀÖ ÓÎÍÄѽÌÀÖ ÓÎØÖÈÄÑοÖÌÀÖ×ÐÑÎØÖ  ÓÈÖÀɼÄÖÌÀÖ§ ÅÕ͟ÙÄÈÇÒÊÇÍÎÔºÓÇÖÓÎØ ÍÓÎÊÈÌÀÍӺя͙ğËÀ™ºÍÈ ÇÎÏμÀÓÀÉÈÃÄ¿ ÄÈÀ͟ÓÎÍʽÒÌÎÆÈÀÍÀÄØÀÈÒÔÇÓÎÏÎÈ»ÒÄÈÓÇ ÃÈÄÔÍ»ÊÎÈÍ»ÆÍÐÌÇÆ¿ÑÕÀϽÓÀÏÑÎÁË» ÌÀÓÀÓÎØÍÇÒÈο ÊÀÈÈüÕÖÓÕÍÀØÓÎ×Ô½ÍÕÍ ¯ÓκÍÀϺÌÏÓÎÓÎØÏËÇÔØÒÌο Æ¿ÑÕÒÓÀ ŸÓÎÌÀ ¥ÀÏÑÐÓÀÒÓÎÈ×ļÀÏÎØØÏÎÃÇËÐÍÎØÍÄÆÊÀ ӟÒÓÀÒÇÒÓÇ«ÀÁŸÇÀ͟ÆÎÍÓÀÈÒÓÎ Ì« ÀË˟ÊÀÓÎÈÊ»ÔÇÊÄÒØÒÓÇÌÀÓÈʟÆ¿ÑÕ ÒÓ΢ÏÑÐÓÎÖ•ØÑÕÏÀ¼ÎÖÏÎغÅÓÀÒÄ ÄÊļ»ÓÀÍΔÑÄÓÀͽÖÊÀÏÄӟÍÈÎÖ¥ÙºÈÌÖ ™ÎØÊ ÓΗÓÎÏÈÊ»ÊÎÈÍÕͼÀÃÈÎÈÊοÍÓÀÍ Ó½ÓÄÀϽÅ¿ËÀÑ×ÎØÖšÄÓÇÍŸÅÈÉǽÌÕÖ ÓÕÍÈÄÑÀÏÎÒÓ½ËÕÍÊÀÈÓÈÖÀÒÔºÍÄÈÄÖÏÎØÓÇ ÒØͽÃÄØÒÀÍ ÎÏÀÑÀÃÎÒÈÀʽÖÊÎÈÍÕÍÈʽÖ ÈÒÓ½ÖÃÈÀÓÀџ×ÔÇÊďϽÓÎ̺×ÑÈÓÎ Ç«ÀÁŸÇ»ÓÀÍÀÍÄɟÑÓÇÓÎÁÀÒ¼ËÄÈÎ  ÄÍкÏÄÈÓÀÀϽºÍÀÌÈÊѽÃȟÒÓÇÌÀÃÇÌÎ ÊÑÀÓ¼ÀÖØϽÌÄÑÈÊÀͽÏѽÄÃÑÎ ÎÈ—† ÏÑÎҟÑÓÇÒÀÍÓÀÍÇÒȟÓÎ¥ÎÓÇÍ ÀÍÀÊ»ÑØÉÀÍÏÄÍÓÇÊÎÒÓ»ÏÎËÈÓļÀÓÕÍ—† —ÓÎÏÈÊ»ÆËÐÒÒÀÀÍ»ÊÄÈÒÓÇÍÏÎËØÍÇÒÈÀÊ» ÎÈÊÎƺÍÄÈÀ ÄÍÐÓÎÏÀÑÀÃÎÒÈÀʽ½ÍÎÌÀÓÕÍ ÍÇÒÈÐÍļÍÀÈ.PLV´BJOBP)BXBJ†Ñ½ÊÄÈÓÀÈ ÆÈÀÒ¿ÌÏËÄÆÌÀÍÇÒÈÐͯÄÊÓÕÍÎÏμÕÍÓÀ ÌÄÆÀË¿ÓÄÑÀļÍÀÈÊÀÓÎÈÊÇ̺ÍÀ ¦¥ÎʼÍÇÌÀÓÇÖÀÍÄÉÀÑÓÇÒ¼ÀÖÉÄʼÍÇÒÄÓÎ ªÏŸÑ×ÎØÍÓÑÄÈÖÄØÃȟÊÑÈÓÄÖӟÒÄÈÖ ÒÓÎÄÒÕÓÄÑÈʽÓÎاÃÇËÐÍÄÈÎ¥Ù½ÍÀÔÀÍ ™ºÈ™ÀÌÀʟÈÁδ½ËÄ¢Ò½ÑÈÎ ÊÀÔÇÆÇÓ»ÖÒÓÎ ÏÀÍÄÏÈÒÓ»ÌÈÎÓÇÖ«ÀÁŸÇÖ—ÏÑÐÓÇÃÈÄÊÃÈÊļ ÏÄÑÈÒÒ½ÓÄÑÇÀØÓÎÍÎ̼À ÒÓÎÏËÀ¼ÒÈÎÓÕÍ —† ÇÃÄ¿ÓÄÑÇÀÏÀÈÓļÏË»ÑÇÀØÓÎÍÎ̼À ÌÄÁŸÒÇÓÎØÖÊÀͽÍÄÖÓÎØ¢—• ÄÍÐÎÈÏÈÎ ÑÈÙÎÒÏÀÒÓÈÊμÃÇËÐÍÎØͽÓÈÃÄÍ×ÑÄȟÙÄÓÀÈ ÀÍÀÆÍÐÑÈÒÇÀϽÓÎÍ¢—• ÊÀÔÐÖÇ«ÀÁŸÇ ļÍÀÈÒØÍÓÀÆÌÀÓÈÊ»ÌÎÍÀÑ×¼ÀÏÎØÀÍÀÆÍÕ ѼÒÓÇÊÄÀϽÌÄÑÈÊÀÍÎ¿Ö ”ÑÄÓÀÍοÖÊÀÈ ŸËËÎØÖÓÎÊÀÈÓÄËļØϽÀÌÄÑÈÊÀÍÈÊ» ÊÀÓÎ×»¢¼ÃÈÎÖΚÏÈ˙˼ÍÓÎÍļ×ÄÙÇÓ»ÒÄÈ ÓÎÒØÆÆÍÐÌÇÆÈÀÓÇÍÄÈÒÁÎË»ÏÎغÆÈÍÄ ÏÑÈÍÀϽ×ѽÍÈÀ Š¿ÌÅÕÍÀÌÄÓÎÍÊÀÔÇÆÇÓ»¢Ò½ÑÈÎ ÓÎʼÍÇ ÌÀÆÈÀÓÇÍÀÍÄÉÀÑÓÇÒ¼À ÒĽËÄÖÓÈÖÄÊÃÎ׺Ö ÓÎØ ÄÍÈÒ׿ÄÈÓÇÍÀ͟ÏÓØÉÇÓÇÖ×ÀÁÀͺÙÈÊÇÖ

ӟÍÈÄˏʟÊÀ ÎÆÄÑÎØÒÈÀÒÓ»Ö ÓÀØÓ½ÓÇÓÀÖÊÀÈÓÎÍÐÍÄÈÓÎÄÍÃÈÀźÑÎÍÆÈÀÓÇ ÆËÐÒÒÀ ÓÇÍÈÒÓÎѼÀÊÀÈÓÈÖÏÀÑÀýÒÄÈÖÓÎØ Ó½ÏÎØ ­ÍÀÖÀϽÓÎØÖÿÎÆÄÑÎØÒÈÀÒÓºÖÓÇÖ «ÀÁŸÇÖ Î‚ÇÌÎÊÑÀÓÈʽÖ ÓŸÍÈÄˏʟÊÀ Î ÏÑÐÓÎÖÆÇÆÄͻ֫ÀÁÀͺÙÎÖ º×ÄÈÄÏÀÍÄÈËÇÌ ̺ÍÕÖÔºÒÄÈÓÎÀ¼ÓÇÌÀÍÀ×ÀÑÀÊÓÇÑÈÒÓοÍ ÎÈÆÇÆÄÍļÖ¦/BUJWF"NFSJDBOT§ ØÓ½×ÔÎÍÄÖ ÌÄÑÈÊÀÍμ ½ÏÕÖÎȘÍÃȟÍÎÈ ÀϽÅÀÒÇÏÎØ ÔÀÓÎØÖºÃÈÍÄÀØÉÇ̺ÍÀÃÈÊÀÈÐÌÀÓÀÀØÓÎ ÏÑÎÒÃÈÎÑÈÒÌο¢ÍÄÎÄÊËÄÆļÖÏѽÄÃÑÎÖ šÏÀџÊ¢ÌϟÌÀº×ÄÈØÏÎÒ×ÄÔļ½ÓÈÔÀØÏÎ ÒÓÇѼÉÄÈÓÎÀ¼ÓÇÌÀ ¢¢ÌϟÌÀÆÄÍÍ»ÔÇÊÄÒÓÇ«ÎÍÎËÎØËο  ½ÏÎØÙοÒÄÊÀÈÄÑÆÀÙ½ÓÀÍÇÌÇÓºÑÀÓÎØ ­ÙÇÒÄÌÄƟËÎ̺ÑÎÖÓÕÍÏÀÈÃÈÊÐÍÓÎØ ×ѽÍÕÍÒÓÇ«ÀÁŸÇÊÀÈÓÀÓÄËÄØÓÀ¼À×ѽÍÈÀ ÏÄÑ͟ÄÊļÓÈÖÃÈÀÊÎϺÖÓÎØ ÈÀÏÎËËοÖʟÓÈÓºÓÎÈÎÔÀ»ÓÀÍÓÎÏÑÐÓÎ Á»ÌÀÆÈÀÓÇÍÀÍÄÉÀÑÓÇÒ¼À ÄÍПËËÎÈØÏÎ ÒÓÇѼÙÎØͽÓÈÓÎÔºÌÀÓÕÍÆÇÆÄÍÐÍļÍÀÈ ÃÄØÓÄÑÄ¿ÎÍÊÀȽÓÈÓÎÒÇÌÀÍÓÈʽÓÄÑÎļÍÀÈ ÎʼÍÃØÍÎÖÀÅÀÍÈÒÌοÓÎØÍÇÒÈοÀϽÓÎÍ ÀÌÄÑÈÊÀÍÈʽÒÓÑÀÓ½ÊÀÈÓÇÁÈÎÌÇ×ÀͼÀÓÎØ ÓÎØÑÈÒÌο  ¥ž —Š«¥–—Š


• ˜ ‚ — Š• ˜ Š

™£ª›•Š

¥ÎØ ˜™¢„„•¢ ¥¢†¢ª„¢ª

•ÈûÒÄÈÖÏÎØÃȺÅØÆÀÍÊÀӟ˟ÔÎÖ»ÄϼÓÇÃÄÖÓÇÍÏÑÎÒÎ×»ÓÕÍÄËËÇÍÈÊÐÍšš•»ŸÉÈÙÀÍÌÄÆÀË¿ÓÄÑÇÃÇÌÎÒȽÓÇÓÀ ¢š†šƒ•¢˜

›£˜™—Š£™¢–˜

¢š†š•…ž¥•£˜™—†¢„˜¥˜™—

)ÎÌÈ˼ÀÓÎØ¢ÌϟÌÀ ÄÏÈÅ¿ËÀÒÒÄ̼ÀºÊÏËÇÉÇ •¼ÏÄÄϼ˺ÉÄȦ•¼ÌÀÒÓÄ ºÍÀºÔÍÎÖ×ÑÈÒÓÈÀÍÐÍÊÀÈ ÌÎØÒÎØË̟ÍÕÍ ÄÁÑÀ¼ÕÍ ÊÀÈÈÍÃÎØÈÒÓÐÍÊÀÈŸÔÄ Õͧš´ÀØÓ»ÓÇÅџÒÇ ºÆÈÍÄÎÏÑÐÓÎÖ"ÌÄÑÈÊÀ ͽÖÏѽÄÃÑÎÖÏÎØÓ½Ë ÌÇÒÄÍÀÉÄÒÓÎ̼ÒÄÈÓÇ˺ÉǦÌÎØÒÎØË̟ÍÎÖ§ ÒÓÎÍ˽ÆÎÓÇÖÎÑÊÕÌÎÒ¼ÀÖÓÎØ¥ÎÏÑÀÆÌÀÓÈʽ ½ÌÕÖÊÀÓ½ÑÔÕÌÀ»ÓÀÍÇÀÍÀÅÎџÒÓÎØÖŸÔÄ ÎØÖ Ò´ÀØÓ»ÓÇÍÊÀÓÇÆÎѼÀÓÎØÏËÇÔØÒÌο ÏÎØÊÀͺÍÀÖÏÎËÈÓÈʽÖÃÄÍÏȟÍÄÈÒÓÎÒÓ½ÌÀ ÓÎØ ¥Îļ×ÄÓÎËÌ»ÒÄÈÊÀÈÎ¥½ÌÀÖ¥ÙºÅÄÑÒÎÍ  ÀË˟½×ÈÄͽÒÕ»ÓÀÍÏѽÄÃÑÎÖ —ļÃÇÒÇÃÄÍ ÆџÅÓÇÊÄÒ×ÄýÍÊÀÔ½ËÎØÒÓÀÄËËÇÍÈʟ̺ÒÀ  ºÆÈÍĽÌÕÖÏÑÐÓÎÔºÌÀÒÓÇÌÄÆÀË¿ÓÄÑÇÀÆÆ˽ ÅÕÍÇÄÅÇÌÄѼÃÀÓÎØʽÒÌÎØ ÒÓÎØÖ5JNFT PG*OEJB¯ÅØÒÈʟ˽ÆÕÓÇÖÀÍÀÅÎџÖÒÓÎØÖ ÈÍÃÎØÈÒÓºÖ †ÇÆ»„ÄØʽÖ¢¼ÊÎÖ —† ˜ÀÍÎØÀѼÎØ XXXXIJUFIPVTFHPWCMPHJOBVHVSBM BEESFTT

ÀÓÈļÏÄÆÈÀÓÇ͏ÅÑÈʻΊÀÑÊÎÙ¼ÒÓÎÍ˽ÆÎÓÎØ ÏÑÎÖÓÎÃÈÏËÕÌÀÓÈʽÒÐÌÀ¦ŠÓÇÍÏÄÑÈÎ×»ÓÕÍ šÄƟËÕÍ„ÈÌÍÐÍÇÒÓÑÀÓÈÕÓÈÊ»ÄÏÈËÎÆ»ÃÄÍļÍÀÈ Ë¿ÒǪϟÑ×ÄÈÓÎÏѽÁËÇÌÀÓÎØ̺ËËÎÍÓÎÖÓÇÖ £Î؟ÍÓÀ ×ÐÑÀÖÌÄÃØÍÀÌÈÊ»ÃÇÌÎÆÑÀżÀÊÀÈÌÈÊÑ» ºÊÓÀÒǏË˟ÊÀÈÓÎØ™ÎÍÆʽ ×ÐÑÀÖÌÄÓÄџÒÓÈÀ ºÊÓÀÒÇÊÀÈÏÄѼÄÑÆÇÃÈÀÍÎÌ»ÓÎØÒØÍÎÑÈÀÊοÏËο ÓÎØ«ÑÄȟÙÄÓÀȺÍÀÖÃȟËÎÆÎÖÃÎÌÈʽÖÏÐÖÒ´ÀØÓ» ÓÇÍÏÄÑÈÎ×»ÓÎØʽÒÌÎØƼÍÄÓÀÈÇÌÎÈÑÀÒȟÓÎØ ÏËοÓÎ؆½ÓÄÔÀÊÀÓÀ˟ÁÎØÌĽÓÈÇÆÄÕÆÑÀżÀ º×ÄÈÓÎØÖͽÌÎØÖÓÇÖ ½ÓÈÎÈ×ÐÑÄÖÒÏÀͼÕÖÀË˟ ÙÎØÍÊÀÓÄ¿ÔØÍÒÇÊÀȽÓÈÏѺÏÄÈÍÀ̟ÔÎØÌÄÍÀ ÙοÌÄκÍÀÖüÏËÀÒÓÎÍŸËËΧ—ÀÏÎÈÊÈÎÊÑÀÓ¼À ÏÎÓºÃÄÍÏÄÔÀ¼ÍÄȯ΁ŸËËÎÖÏѽÄÃÑÎÖÏÑÎÓļÍÄÈ ÀËËÀÆ»ÓÕÍÒØͽÑÕÍ•ØÓØ×ÐÖ ÃÄÍØϟÑ×ÄÈÒ׺ÃÈÎ ŠÀÑÊÎÙ¼ÆÈÀÓÀ”ÀËʟÍÈÀ

›ÀÍÄÑ»ļÃÇÒÇ¢šÏÀџÊ ¢ÌϟÌÀÀ̺ÒÕÖºÃÄÈÉÄÓÈÖÒÎÁÀ ѺÖÏÑÎÔºÒÄÈÖÓÎØÍ´ÀË˟ÉÄÈÓÇÍ ÀÌÄÑÈÊÀÍÈÊ»ÄÉÕÓÄÑÈÊ»ÏÎËÈÓÈ Ê»ÀÍÀÊμÍÕÒÄÓÇÍÀϽÒØÑÒÇ ÓÕÍÒÓÑÀÓÄØ̟ÓÕÍÀϽÓÎ˜ÑŸÊ ÊÀÈÓÎÎÑÈÒÓÈʽÊËļÒÈÌÎÓÎØ ÊÎØÀÍӟÍÀÌΙÑØÅ»ļÃÇÒÇ ŠÕÒÓ½ÀØÓ½šÄÿÎÀÒÓÄѼÒÊÎØÖ ¢ºÍÀÖÆÍÕÒÓ½Ö—ÒÈÕÏ»ÆÈÀÓÎ ÌÀÊÄËÄȽÓÇցŸÙÀÖ¢ÃÄ¿ÓÄÑÎÖ  ÏÈÎÊÑØŽÖŠÓÎÍ˽ÆÎÓÇÖÎÑÊÕÌÎÒ¼ÀÖ Î¢ÌϟÌÀÌÏÎÑļÍÀÌÇ×ÑÇÒÈÌÎÏμÇÒÄÓÎÍ ½ÑÎÓÎØÏÑκÃÑÎØšÏÎØÖÏÄѼ¦ÏÎ˺ÌÎØÊÀӟÓÎØÓѽÌÎا ÀË˟̼ËÇÒÄÉÄʟÔÀÑÀ ÆÈÀϽËÄÌΗÀÊÑÈÁ»ÖÓÎØÅџÒÇ»ÓÀÍÇÄɻ֦—×ÐÑÀÌÀÖÁѼÒÊÄÓÀÈÒÄϽËÄÌÎ ÄÍÀÍÓ¼ÎÍÄͽÖÄÊÓÄÓÀ̺ÍÎØÃÈÊÓ¿ÎØÁ¼ÀÖÊÀÈ̼ÒÎØÖ§ÅÆÀÍμ †ÀÊÈÒÓÀÍμÊÀÈËÎÈÏμ ËÀμÓÑÎÌÎÊџÓÄÖÀÖÓѺÉÎØÍÍÀÊÑØÅÓοÍ †ÇÆ»„ÄØʽÖ¢¼ÊÎÖ —† ˜ÀÍÎØÀѼÎØ XXXXIJUFIPVTFHPWCMPHJOBVHVSBMBEESFTT

†ÇÆ»-F1PUFOUJFM „‚™ÎÍÆʽ ˜ÀÍÎØÀѼÎØ XXXMFQPUFOUJFMDPN

—ÏÑÐÓÇÅÎџ ÈÀÏÑÐÓÇÅÎџÀϽÓÎ ÓÎ ÏÎÒÎÒÓ½ÓÎØÏËÇÔØÒÌοÓÕÍ—† ÏÎØÃÇËÐÍÄȽÓÈÓÎØÖÓÄËÄØÓÀ¼ÎØÖ Ì»ÍÄÖº×ÄÈÃÈÀÁŸÒÄÈÓÎØ˟×ÈÒÓÎͺÍÀ ÌØÔÈÒÓ½ÑÇÌÀ ÃÈ»ÆÇÌÀ ÏμÇÌÀ»ÔÄÀ ÓÑÈʽºÑÆÎÏÀÑÎØÒ¼ÀÒÄÀ¿ÉÇÒÇ ÀϽ ÓÎÒÓΗŸÍÎÃÎÖ ÏÀÑ´½ÓÈ ÀÍÄÏÀ¼ÒÔÇÓÇ ÀÍÀÓѺÏÄÈÓÀÊËÈÒºÏÄѼ ¦ÓºËÎØÖÓÎØÁÈÁ˼Îا¿ÉÇÒÇØϟÑ×ÄÈ ÒĽËÄÖÓÈÖÊÀÓÇÆÎѼÄÖ ÌÄÓÇÌÄÆÀË¿ ÓÄÑÇÍÀÒÇÌÄÈÐÍÄÓÀÈÒÄÏËÇÔØÒÌοÖ ÏÎØÀͺÊÀÔÄÍÃÄÍÓÀÏ»ÆÀÈÍÀÍÊÀ˟ ÌÄÓÎÁÈÁ˼Î×ÀÌÇ˟ÄÈÒÎûÌÀÓÀ ͺÎÈ  ÌÀ¿ÑÎÈ ËÀÓ¼ÍÎÈ

˜ ‚˜˜Š£—„¢†„ †Ñ½ÒÅÀÓÀÓÎ(MPCBMÀÏÎʟËØÂÄÓÎͺÎÄÍÄÑ ÆÄÈÀʽÓѼÆÕÍÎÒÓÇšÄÒ½ÆÄÈÎÓÎÒ׺ÃÈÎÆÈÀ ÓÎÍÏÎËØÀÆÕƽ.FE4USFBNÌÄÓÀÉ¿¥ÎØÑʼÀÖ ˜ÒÑÀ»Ë˜ÍüÀÖ¥ÎÙÄ¿ÆÎÖ˜ÒÑÀ»Ë¥ÎØÑʼÀ ÏÄÑ͟ÄÈÊѼÒÇ˽ÆÕÓÇÖÄÈÒÁÎË»ÖÒÓǁŸÙÀ¥Î ÃÄ¿ÓÄÑÎÙÄ¿ÆÎÖ ˜ÒÑÀ»Ë˜ÍüÀ ÏÎÓºÃÄÍ»ÓÀÍ Ó½ÒÎÊÎÍӟ¥Î˜ÒÑÀ»ËÏοËÇÒÄÒÓÇ͘ÍüÀ ÒÓÑÀÓÈÕÓÈʽØËÈʽÃÎËÀѼÕÍ— ÄϼÔÄÒÇÒÓÇ”ÎÌÁŸÇÄÏÈӟ×ØÍÄÓÇÒØÌÅÕͼÀ  ÊÀÔÐÖǘÍüÀÀÆÎџÙÄÈÊØѼÕÖÀÍÓÈÓÑÎÌÎÊÑÀ ÓÈÊ»ÓÄ×ÍÎËÎƼÀ‚ÄÍļÍÀÈÓ½ÒÎÇÀɼÀ½ÒÎÇ ÏÎËÈÓÈÊ»ÒÇÌÀÒ¼ÀÓÎØÍÓÈËÏÎØÌÄÓџÄÈ ÌÄӟ ÓÇÍÊѼÒÇÒÓÈÖÒ׺ÒÄÈÖÓÕÍÿÎ×ÕÑÐÍ˽ÆÕ ØÏÎÔºÒÄÕÍÃÕÑÎÃÎʼÀÖ˜ÍÃÐÍÀÉÈÕÌÀÓο×ÕÍ ÀϽ˜ÒÑÀÇËÈÍοÖÏÑÎÌÇÔÄØÓºÖ½ÏËÕÍ—˜ÍüÀ ÀϺ×ÄÈ×ÈËȟÃÄÖ×ÈËȽÌÄÓÑÀÀϽÓΘÒÑÀ»Ë ÀË˟ ļÍÀÈÇÏÑÐÓÇÌÇÌÎØÒÎØËÌÀÍÈÊ»×ÐÑÀÒÓÀÀÍÀ ÓÎËÈʟÓÎØ †ÇÆ»*OEJBO&YQSFTT ˜ÍüÀ ˜ÀÍÎØÀѼÎØ XXXJOEJBOFYQSFTTDPN

¥ÎØ5IFP.PVEBLJTÀϽÓÇÍ5PSPOUP4UBS ™ÀÍÀßÖ

š˜ £•‚•Š™š•£•Š

PHOKFOPEPCBTJD'MJDLS

ÈÀÍÀÀÍÓÈÌÄÓÕϼÒÄÈÓÇÍÄÆÊËÇÌÀÓÈʽÓÇÓÀÒÓÈÖ ÈÒÓÎÑÈʺÖÊÀÈÓÎØÑÈÒÓÈʺÖÒØÍÎÈʼÄÖÓÇÖ™ÕÍ ÒÓÀÍÓÈÍοÏÎËÇÖ Î‚»ÌÎÖÓÇÖ™ÕÍÒÓÀÍÓÈÍοÏÎ ËÇÖÉÄÊÈ͟ÄÈÏÈËÎÓÈʽÏѽÆÑÀÌÌÀÄÆÊÀӟÒÓÀÒÇÖ ÊÀÌÄÑÐÍÏÀÑÀÊÎËοÔÇÒÇÖ ÒÄÓÙÀÌȟªÏÎÓÈÔºÌÄÍÎÖ ÒÓ½×ÎÖÓÎØûÌÎØļÍÀÈÎ ÄÍÓÎÏÈÒ̽ÖÊËÎϻֺÑÆÕÍ Óº×ÍÇÖ ÈüÕÖÒÓÈÖÏÄÑÈÎ׺Ö ½ÏÎØÅØ˟ÒÒÎÍÓÀÈÓºÓÎÈÀ ÀÍÓÈÊļÌÄÍÀ ÀØÔÀ¼ÑÄÓÕÍ ÎÈÊÎÃÎÌÐÍÀË˟ÊÀÈÏØÑÊÀ ÆÈÐÍÒÓÀÉ¿ËÈÍÀÊÓ¼ÑÈÀÓÇÖ ϽËÇÖ¢ÈʟÌÄÑÄÖÔÀÓÎÏÎÔÄÓÇÔοÍÂÇ˟ÒÄ ÌÈÍÀѺÃÄÖ ÐÒÓÄÍÀº×ÎØÍÀÍÎÈ×Ó½ÎÏÓÈʽÏÄüÎ ÀË˟ÊÀÈÍÀÌÇÍÌÏÎÑļÊÀÍļÖÍÀÓÈÖÊÀÓÀÒÓѺ ÂÄÈ¢ÈÏÑÐÓÄÖʟÌÄÑÄÖÔÀÓÎÏÎÔÄÓÇÔοÍ ÒÄÒÇÌļÀ À͟ÌÄҟÓÎØÖÊÀÈÒÓΦÓÙÀ̼§ ÓÇ֏ÆÈÀŠÎÅȟÖ †ÇÆ»)VSSJZFU ¥ÎØÑʼÀ ˜ÀÍÎØÀѼÎØ XXXIVSSJZFUDPNUS

ÈÀÏÑÐÓÇÅÎџÏÑÈÍÀϽ ×ѽÍÈÀ Φ)PNP"OUFDFTTPS ÎÏÑÐ ÓÎÖ•ØÑÕÏÀ¼ÎÖ§ÄÌÅÀͼÒÓÇÊÄÒÓÇ ÒÇÌÄÑÈÍ»˜ÒÏÀͼÀ ÒÓÇÍÎÑÎÒÄÈџÓÇÖ ÓÀÏοÄÑÊÀ•ÊļÁѺÔÇÊÄÓÎ ºÍÀÊÎÌ̟ÓÈÀÍÔÑÐÏÈÍÎØÒÀÆÎÍÈο— ÏÑκËÄØÒ»ÓÎØ·ÒÕÖÀϽÓÇ͏ÅÑÈÊ»  ̺ÒՁÈÁÑÀËӟяϽÓÇÍŸËËÇ Ç ÀÍÀÒÊÀÅ»ÎÒÓÐÍÇËÈʼÀÖ ÄÓÐÍÒÓǁÄÕÑƼÀÀÅ»ÍÄÈÀÍÎÈ×Ó»ÓÇÍ ØϽÔÄÒÇÓÎØÄÏÎÈÊÈÒÌοÓÇÖÃØÓÈÊ»Ö •ØÑÐÏÇÖ̺ÒÕÓÇÖÊÄÍÓÑÈÊ»Ö

™£˜Š—•£˜¢ª˜£ 

™˜ †¥£˜ž¥˜Šš¢Š

ÈÀÏÑÐÓÇÅÎџ Ι½ÌÏÈšÏџÈÀÍÓ  ¼ÒÕÖÎÏÈÎÃȟÒÇÌÎÖÄÍÄÍÄÑÆļÀÌÏÀ

›ÀÍÄÑ»ļÃÇÒÇ—ÊѼÒÇÓÎØÅØÒÈÊοÀÄѼÎØÌÄÓÀ É¿£ÕÒ¼ÀÖÊÀÈ¢ØÊÑÀͼÀÖØÏÎ×ÑÄÐÍÄÈÓÇÍ••ÍÀ ÉÀÍÀÒÊÄÅÓļÓÇÍÄÍÄÑÆÄÈÀÊ»ÓÇÖÏÎËÈÓÈÊ»¢ÀÆÕƽÖ ÀÌÏοÊÎ ÀºÑÈÎÀϽÓÇÍ™ÀÒϼÀ̺ÒÕ¥ÎØÑʼÀÖ  ºÑ×ÄÓÀÈÊÀÈϟËÈÒÓÎ ÏÑÎÒÊ»ÍÈΙÑØÅ»ļÃÇ ÒdžÎÈÎÖļÍÀÈÎÕÅÄ ËÇ̺ÍÎÖÀϽÓÇÍÊѼÒÇ ¥ÀÀÙºÑÈÊÀÊÎÈӟÒÌÀÓÀ ÀÄѼÎØÃÄÍÀÑÊοÍ ÆÈÀÓÇÍ•ØÑÐÏÇ™ÀÈÇ £ÕÒ¼ÀÌÏÎÑļÀ͟ϟÒÀ ÒÓÈÆÌ»ÍÀÏÑÎÊÀ˺ÒÄÈÊѼÒÇÒÓÇÍÏÄÑÈÎ×»†ÎÈÀË¿ÒÇ ÀÏÎ̺ÍÄÈÒÓÇÍ••¸ÏÕÖÆџÅÀÌÄÓÎÍÏÄÑÀÒ̺ÍÎ ¢ÊÓÐÁÑÈÎ ÀºÑÈÎÀϽÓΘџ͠ÀÌÏÄÈÉÀ͟ÒÓÎÄÍÄÑ ÆÄÈÀʽÏÀÈ×ͼÃÈÓÎ˜ÑŸÍ ÌÄÓÀÀÍÄÊÌÄӟËËÄØÓÀÊÎÈӟ ÒÌÀӟÓÎØ—ͺÀÀÌÄÑÈÊÀÍÈÊ»ÊØÁºÑÍÇÒÇÓÎÒʺÅÓÄ ÓÀÈ—‚¿ÒÇÔÀÏѺÏÄÈÍÀÃÈÀ˺ÉÄȘџͻ£ÕÒ¼À †ÇÆ»†ÎÍÓ¼ÊÈ(MPCBM ¢ÊÓÕÁѼÎØ

›ÀÍÄÑ»ļÃÇÒÇ¢ÊÎÌÌÎØÍÈÒ̽ÖÏÀËÀÈο Ó¿ÏÎغ×ÄÈÏÄԟÍÄÈÒÓÇÍ™¼ÍÀ™ÑØÅ»ļÃÇÒÇ ¸×ÈÀÊÑÈÁÐ֢șÈͺÙÎÈÀÉÈÕÌÀÓο×ÎÈÊÀÓº ÅØÆÀÍÒÓÀÏÀËȟʽËÏÀÆÈÀÍÀÀÍÀÙÕÎÆÎÍ» ÒÎØÍÓÇÍÀÿÍÀÌÇÊÀÓÀ͟ËÕÒÇ„ŸÍÒÀÑÀÍ ÌÈÀÊÀÌϟÍÈÀÏÀÓÑÈÕÓÈÊ»ÖÊÀÓÀ͟ËÕÒÇÖ ¦Æ½ÑÀÒĺÍÀÃÈÀ̺ÑÈÒÌÀÆÈÀÍÀÃļÉÄÈÖÓÎÍ ÏÀÓÑÈÕÓÈÒ̽ÒÎاÏÀÑÎÓÑ¿ÍÄÈÓÎØÖÏÎ˼ÓÄÖ ˟ÈÁÒÓÇÍÓÇËĽÑÀÒÇǁÎ؟ÍÆʏÚ×οÀ ÀÉÈÕ ÌÀÓο×ÎÖÒÓÇÍÏÄÑÈźÑÄÈÀÍ×οÈ™ÀÈÎ„È–Ä  ̺ËÎÖÓÇÖ•ÏÈÓÑÎÏ»ÖÓÎ؆ÄʼÍÎØÓÇÖ†ÎËÈÓÈÊ»Ö ŠØÌÁÎØËÄØÓÈʻ֊ØͽÃÎØÓÎØ™ÈÍÄÙÈÊο„Àο   ûËÕÒĦ†ÑÎÓļÍÕÓÇÍÏÀÓÑÈÕÓÈÊ»ÊÀÓÀ͟ËÕ ÒÇ¥ÎʟÔÄŸÓÎÌÎÀË˟ÊÀÈÎʟÔÄÎÑÆÀÍÈÒ̽Ö ÔÀºÏÑÄÏÄÍÀÉÎúÂÄȽ ÓȺÁÆÀËÄ̺ÒÀÒÄ̼À ×ÑÎÍȟ ̽ÍÎÒÓÇÍÊÀÓÀ͟ËÕÒǧ †ÇÆ»4IBOHIBJ%BJMZ ™¼ÍÀ ˜ÀÍÎØÀѼÎØ XXXTIBOHIBJEBJMZDPN

ÒÊÄÓÌÏÎ˼ÒÓÀÖÒÓÎÍʽÒÌÎ ¦ÆџÅÄȧ ÓÎÌÏËÎÆÊÓÎØÒÄÌÈÀÃÄ¿ÓÄÑÇÆËÐÒÒÀ ÄÊÓ½ÖÀϽÓÀÀÆËËÈʟÒÓÀÊÈͺÙÈÊÀ¥Î ÏÑÐÓÎÓÎØÏÎÒÓÒÓÎÊÈͺÙÈÊÎϽÑÓÀË 4*/"ÉÄÊÈÍοÒÄÕÖÄɻ֦™ÀËÇ̺ÑÀ ÒĽËÎØÖÒÓÇÍ™¼ÍÀ ļÌÀÈΙ½ÌÏÈ •¼ÌÀÈÄÍÔÎØÒÈÀÒ̺ÍÎÖÌÄÓÎÊÈͺÙÈÊÎ ÌÏËÎÆÊÌÎØÒÓÎ4*/" ÈÐÔÕ½ÓȺÓÒÈ ÔÀÒØÍÃÄÔÐÀÏÄØÔļÀÖÌĽËÎØÖÒÀÖ ¯ÓÎØÖ™ÈͺÙÎØÖÅÀÍÌÎا

š¬«®£¤£Þ$IL?>I




•† ˜™  ˜£¢¥— ¥

˜Š† ˜‚ÈÀÓÑÎÅÈÊ»ÊѼÒÇ „¼ÆÎÏÑÈÍÓÇÃȟÒÊÄÂÇÓÇÖšÀÃѼÓÇÖÆÈÀÓÇÍÄÏÈÒÈÓÈÒÓÈÊ»ÊѼÒÇ  džÀÆʽÒÌÈÀ¥ÑŸÏÄÙÀÀÍÀÊμÍÕÒÄÃȟÒÓ½ÌÀÓÎÖÓÇÖÃÈÄØÔ¿ ÍÓÑȟÖÓÇÖ ÆʽÙȢʽÍÙΘÎØğËÀÏÕÖÏÀџÓÇÌļÕÒÇÓÇÖ ÓÈÌ»ÖÓÕÍÓÑÎżÌÕÍÄÊÀÓÎÌÌ¿ÑÈÀŸÍÔÑÕÏÎÈÒÄÎ˽ÊËÇÑÎÓÎÍ ʽÒÌÎÄÉÀÊÎËÎØÔοÍÍÀØÏÎźÑÎØÍÀϽÓÇÍÀÒӟÔÄÈÀÒÓÈÖ ÓÈ̺Ö¦¢ÈÓÈ̺ÖÒÓÀÓѽÅÈÌÀ ÒÄÒØÍÃØÀÒ̽ÌÄÓÇ×ÑÇÌÀÓÎÎÈ ÊÎÍÎÌÈÊ»ÊѼÒÇ ÓÎ̽ÍÎÏÎØÊÀÓÀźÑÍÎØÍļÍÀÈÍÀÀØɟÍÎØÍ ÓÈÖÃØÒÊÎ˼ÄÖÒÓÎÍÀÍÀÏÓØÒÒ½ÌÄÍÎʽÒÌΧ—¢Ê½ÍÙΘÎØğËÀ ÏѽÒÔÄÒĽÓȦÀÍÀ̺ÍÎØÌÄÏÕÖÇÌÄƟËÇÀÒӟÔÄÈÀÒÓÈÖÓÈ̺Ö ÓÕÍÓÑÎżÌÕÍÔÀÒØÍÄ×ÈÒÓļÊÀÈÏÕÖÎÈÏÓÕ×μÔÀļÍÀÈÎÈÒÊËÇ ѽÓÄÑÀÏËÇƺÍÓÄÖ ÃȽÓÈÉÎÃÄ¿ÎØÍÓÎÌÈÒ½ÓÎØÖÄÈÒ½ÃÇÌÀÆÈÀ ÓÇÃÈÀÓÑÎÅ»ÓÎØÖ§Š¿ÌÅÕÍÀÌÄÓÇ͆ÀÆʽÒÌÈÀ¥ÑŸÏÄÙÀ ÎÈ ÊÀÓÀÍÀËÕÓºÖÃÄÍÄÏÕÅÄËοÍÓÀÈϟÍÓÎÓÄÀϽÓÇÌļÕÒÇÓÇÖ ÓÈÌ»ÖÒÓÈÖÏÑÐÓÄÖ¿ËÄÖ ÀÅοÆÈÀÏÀџÃÄÈÆÌÀÒÓÇÍÏÄѼÏÓÕÒÇ ÓÎØÀÑÀÁ½ÒÈÓÎØ ÓÎØÎÏμÎØÇÓÈÌ»º×ÄÈϺÒÄÈÏÀÆÊÎÒ̼ÕÖ ÊÀӟÒĺÍÀÓѼÌÇÍÎ ÒÓÇšÎÌϟÒÀÓÇÖ™ºÍØÀÖÇÓÈÌ»ÆÈÀ ÓÎØÖÊÀÓÀÍÀËÕÓºÖÌÄÈÐÔÇÊÄ̽ÍÎÊÀӟ

•ª£ž†—‚ÈןÙÄÈÓ΁ÊÎØÀÍӟÍÀÌÎ ¥ÎÒ׺ÃÈÎÆÈÀÓÇÍØÏÎÃÎ×»ÊÑÀÓÎØ̺ÍÕÍÀϽÓ΁ÊÎØÀÍӟÍÀÌÎ ÅÀ¼ÍÄÓÀÈÍÀÃÈןÙÄÈÓÇÍ•ØÑÐÏÇŠ¿ÌÅÕÍÀÌÄÓÀ½ÒÀÄÈÏÐ ÔÇÊÀÍÒÓΊØÌÁοËÈ΁ÄÍÈÊÐͪÏÎÔºÒÄÕÍÓÕÍ”ÑØÉÄËËÐÍ  ÓÀÏÑÎÁË»ÌÀÓÀÏÎØÄÆļÑÎÍÓÀÈļÍÀÈÏÎËÈÓÈʟ ÍÎÌÈʟÊÀÈ ÀÒÅÀËļÀÖ ÄÍÐÒ¿ÌÅÕÍÀÌÄÓÎÍ¥Òº×ÎØÏÎØÑƽ•ÉÕÓÄÑÈÊÐÍ ™ŸÑÄËŠÁŸÑÓÒÄÍÌÏÄÑÆÊ ÏÑÎÄÃÑÄ¿ÎÍÓÀÓÎØŠØÌÁÎØ˼ÎØ ¦ÃÄÍ ļÍÀȺÍÀÄ¿ÊÎËÎÙ»ÓÇÌÀÊÀÈÄÍÀϽÊÄÈÓÀÈÒÓÎʟÔÄÊџÓÎÖ ̺ËÎÖÓÈÔÀÀÏÎÅÀÒ¼ÒÄȧ”ºÁÀÈÀ Ò¿ÌÅÕÍÀÌÄÃÇËÐÒÄÈÖÓÎØ †ÎÑÓÎƟËÎØØÏÎØÑÆο•ÉÕÓÄÑÈÊÐÍ„Îؼ֏̟ÍÓÎÒÓÇÍÄÅÇ ÌÄѼÃÀ1VCMJDP ÓÎØ˟×ÈÒÓÎͺÉÈ»ÄÏӟ×ÐÑÄÖÓÇÖ•ØÑÕÏÀÚÊ»Ö ­ÍÕÒÇÖļÍÀÈ»ÃǺÓÎÈÌÄÖÍÀÃÄ×ÓοÍÊÑÀÓοÌÄÍÎØÖÀϽÓÇÍ ÀÌÄÑÈÊÀÍÈÊ»ÁŸÒÇÆÈÀÍÀÁÎÇÔ»ÒÎØÍÓÎ͏ÌÄÑÈÊÀͽÏѽÄÃÑÎ šÏÀџÊ¢ÌϟÌÀÍÀÊËļÒÄÈÓÇÅØËÀÊ»ŠÇÌÄÈÕÓºÎÍÏÕÖÇ †ÎÑÓÎÆÀ˼ÀļÍÀÈÇÏÑÐÓÇ×ÐÑÀÓÇÖ••ÏÎØÀÍÀÊμÍÕÒĽÓÈ ļÍÀȺÓÎÈÌÇÍÀÃÄ×ÓļÊÑÀÓοÌÄÍÎØÖÀϽÓ΁ÊÎØÀÍӟÍÀÌÎ

—†•ÏÎ×»¢ÌϟÌÀ ºÎÖÏѽÄÃÑÎÖ ͺÎÈØÏÎØÑÆμ ͺÀÄÏÎ×» ¼ÃÕÌÄÍ ÆÈÀÓÈÖ —†¢šÏÀџÊ¢ÌϟÌÀÀͺËÀÁÄÓÀÊÀÔ»ÊÎÍӟÓÎØÊÀȺÊÀÍÄ ÃÇËÐÒÄÈÖÆÈÀÎÈÊÎÍÎ̼ÀÊÀÈÏÄÑÈÁŸËËÎÍ ÀÏÄØÔ¿ÍÎÍÓÀÖͺÀ ÏÑÎÄÈÃÎÏμÇÒÇÏÑÎÖÓÀ̺ËÇÓÎØ™ÎÆÊѺÒÎØÏÕÖÒÄÀØÓ»ÓÇ ×ÑÎÍÈÊ»ÒØÆÊØѼÀÎÈ—†ÃÄÍÌÏÎÑοÍÍÀÀÍÄ×ÔοÍÊÀÔØ ÒÓÄÑ»ÒÄÈÖÀÍÀÅÎÑÈʟÌÄÓÇÍØÈÎÔºÓÇÒÇÓÎØÏÑÎÆџÌÌÀÓÎÖ  ÓÎÎÏμÎ΄ÄØʽÖ¢¼ÊÎÖÏÑÎÕÔļÆÈÀÓÇÍŸÌÄÒÇÓ½ÍÕÒÇÓÇÖ ÎÌÎÒÏÎÍÃÈÀÊ»ÖÎÈÊÎÍÎ̼ÀÖ ¿ÂÎØÖÃÈÒÃÎ˕ϼÒÇÖ ûËÕÒĽÓÈÇÄɟÑÓÇÒÇÓÕÍ—†ÀϽÓÎÏÄÓѺËÀÈÎÏÎغÑ×Ä ÓÀÈÀϽÓÎÄÉÕÓÄÑÈʽÊÀÈÎÈÊËÈÌÀÓÈʺÖÀËËÀƺÖÒØÍÈÒÓοÍ ÄÏļÆÎØÒÄÖÀÏÄÈ˺ÖÒÓÇÍÀÒşËÄÈÀÓÎØÀÌÄÑÈÊÀÍÈÊοÊџÓÎØÖ ÊÀÈÄÏÈÒ»ÌÀÍĽÓÈÔÀÄÏÀÍÄÊÓÈÌÇÔļÓÎÀ¼ÓÇÌÀÓÇÖÏÎËÈÓļÀÖ ÓÇÖ™ÀËÈŽÑÍÈÀÖÍÀÄÉÄÓÀÒÓοÍÄÊͺÎØÎÈÄÊÏÎÌϺÖÀÄѼÕÍ ÏÎØÏÑÎÊÀËοÍÓÎÅÀÈͽÌÄÍÎÓÎØÔÄÑÌÎÊÇϼÎØÀϽÓÀÀØÓÎ ʼÍÇÓÀ ØÏÎÃÀØ˼ÙÎÍÓÀÖÓÇÍÊËÈÌÀÓÈÊ»ÏÎËÈÓÈÊ»ÓÎØšÏÎØÖ †ÀџËËÇËÀÒÄÓÇËÄÅÕÍÈÊ»ÒØÍÎÌÈ˼ÀÏÎØļ×ÄÌÄÓÎÍ£ÐÒÎ Î̽ËÎƽÓÎØ Ó̼ÓÑÈšÄÍÓÁºÍÓÄÅÒØÌÅÐÍÇÒÀÍÀϽÊÎÈÍο ÒÓÇÍÀ͟ÆÊÇÍÀÃÐÒÎØÍÓºËÎÖÒÓÇÍÄÏÈÃļÍÕÒÇÓÕÍÒ׺ÒÄÕÍ À͟ÌÄÒÀÒÄ—†ÊÀÈ£ÕÒ¼À

—†—ª†•…˟ËÇÒÄ ¥ÀÁÀÒÈʟÒÇÌļÀÓÇÖÄÉÕÓÄÑÈÊ»ÖÏÎËÈÓÈÊ»ÖÓÕÍ—†ºÃÕÒÄ Ç«¼ËÀÑș˼ÍÓÎÍÒÓÇÍÏÑÐÓÇÓÇÖÒØͺÍÓÄØÉÇÒÓΊӺÈÓ ÓÈϟÑÓÌÄÍӁÈÀÓΘџÍûËÕÒĽÓÈÇ¥Ä×ÄџÍÇÏѺÏÄÈÍÀ ʟÍÄÈÓÎÏÑÐÓÎÁ»ÌÀ ÀÅοÓÐÑÀº×ÄÈÌÈÀÊÀË»ÄØÊÀÈѼÀÍÀ ÃļÉÄȽÓÈļÍÀȺÓÎÈÌÇÍÀÃÄÒÌÄØÓļÏÑÀÆÌÀÓÈʟÊÀÈÌÄͽÇÌÀ ¸ÒÎÍÀÅÎџÓÎ˜ÑŸÊ ÇÏÑÐÇÍÏÑÐÓÇÊØѼÀÊÀÈÍØÍØÏÎØÑƽÖ •ÉÕÓÄÑÈÊÐÍļÏÄÏÕÖÓÇËÄÅÐÍÇÒÄÒÓÎØÖ˜ÑÀÊÈÍοÖÇƺÓÄÖÆÈÀ ÍÀÓÎØÖÄÏÀÍÀ˟ÁÄÈÓÇÍØÏÎÒÓ»ÑÈÉÇÓÇ֢؟ÒÈÆÊÓÎÍÒĺÍÀ ˜ÑŸÊÃÇÌÎÊÑÀÓÈʽÊÀÈÀÍÄɟÑÓÇÓΆÀџËËÇËÀÀͺÅÄÑÄÏÕÖ ÒÓÇѼÙÄÈÓÎÍÃȟËÎÆÎÌÄÓΆÄʼÍÎÆÈÀ½ËÀÓÀÔºÌÀÓÀ ½×È̽ÍÎÍ ÆÈÀÓÇÍÎÈÊÎÍÎ̼À¥ºËÎÖ ÀÍÀÅÎÑÈʟÌÄÓÇ”™ÎѺÀ×ÀÑÀÊÓ»ÑÈ ÒÄÁÀÒÈʺÖÓÈÖÄÉÀÌÄÑļÖÒØÍÎÌÈ˼ÄÖÆÈÀÓÇÃÈÀÊÎÏ»ÓÎØÏØÑÇ ÍÈÊοÏÑÎÆџÌÌÀÓ½ÖÓÇÖ ÄÍÐØÏÄÑÀÒϼÒÓÇÊÄÓÎÃÈÊÀ¼ÕÌÀÓÎØ ˜ÒÑÀ»ËÒÓÇÍÀØÓΟÌØÍÀÀϺÍÀÍÓÈÒÓÈÖÑÎØʺÓÄÖÓÇÖ«À̟Ö

 š¬«®£¤£Þ$IL?>IÙ٘ІÂżÞÞ¡·ÀÁÆ·ÃÒÁÆÞ

¢˜•£š ¢˜Š¢Š˜„‚—š¢™£¥•Š†„—£ž ¢ª ¥—Šª™ª”•£ —Š— š•¥¢ªŠ«£˜Š¥˜ ¢‚—š¢™£¥•Š™˜¥•Šž¥•£˜™¥¢ªŠ†£¢”„—š¥

¢éʽËÀÅÎÖéÓÇÖé ­ÒÒÇÖé Ãļ×ÍÄÈé›ÈËÄËÄ¿ÔÄÑÎØÖ

‰

ÄéÎÊÓÐéÌ»ÍÄÖéÇé€ÄÑÌÀͼÀéÔÀé ÂÇżÒÄÈéÒÓÈÖéÆÄÍÈʺÖéÁÎØ ËÄØÓÈʺÖéÄÊËÎƺÖéÊÀÈé½ËÀé Ãļ×ÍÎØÍé½ÓÈéÎéÒÇÌÄÑÈͽÖé ¦ÌÄƟËÎÖéÒØÍÀÒÏÈÒ֧̽é«ÑÈÒÓÈÀÍÎÃÇ ÌÎÊÑÀÓÐÍéÊÀÈé‰ÎÒÈÀËÃÇÌÎÊÑÀÓÐÍéÃÄÍé ÏѽÊÄÈÓÀÈéÍÀéÒØÍÄ×¼ÒÄÈéÍÀéÁѼÒÊÄÓÀÈé ÒÓÇÍéÄÉÎØÒ¼À ¥ÎééÔÄÕÑļÓÀÈéÄÊËÎÆÈʽéºÓÎÖéÒÓÇé €ÄÑÌÀͼÀéÆÈÀÓ¼éÏѽÊÄÈÓÀÈéÍÀéÃÈÄÉÀ ×ÔοÍéÄÊËÎƺÖéÒÄéÓѼÀéÊÑÀÓ¼ÃÈÀ éÔÀé ØϟÑÉÄÈéÇéÃÈÀÃÈÊÀÒ¼ÀéÄÊËÎÆ»ÖéͺÎØé ÏÑκÃÑÎØéÓÇÖéÇÌÎÊÑÀÓ¼ÀÖ éÀË˟éÊÀÈé ÎÈéÄØÑÕÄÊËÎƺÖéÓÎØé˜ÎØͼÎØ éÏÑÈÍéÀϽé ÓÈÖéÄÔÍÈʺÖéÄÊËÎƺÖéÏÎØéÔÀéƼÍÎØÍé ÒÓÈÖéé‰ÄÏÓÄÌÁѼÎØ ¢ÈéÄÊËÎƺÖé½ÌÕÖéÓÇÖéÏÄÑÀÒ̺ÍÇÖé ÄÁÃÎ̟ÃÀÖéÒÓÎéÊÑÀÓ¼ÃÈÎéÓÇÖé­ÒÒÇÖé ÏÑÎʟËÄÒÀÍéºÍÀÍéÌÈÊѽéÒÄÈÒ̽ é ÊÀÔÐÖéÎÈé‰ÎÒÈÀËÃÇÌÎÊџÓÄÖéØϺÒÓÇ ÒÀÍéÒØÍÓÑÈÏÓÈÊ»é»ÓÓÀéÊÀÈéÓÎ陽ÌÌÀé ÓÕÍé›ÈËÄËÄ¿ÔÄÑÕÍéÒÇÌļÕÒÄéÄÊÏËÇ ÊÓÈÊ»éŸÍÎÃÎ éÆÄÆÎͽÖéÏÎØéÏÑÎÚÃğÙÄÈé ÆÈÀéÓÎéÏÎÈÎÖéÔÀéļÍÀÈéÎéÊØÁÄÑÍÇÓÈʽÖé ÒØÍÀÒÏÈÒ̽ÖéÏÎØéÔÀéÏÑÎÊ¿ÂÄÈéÌÄӟé ÓÈÖéÄÊËÎƺÖéÓÎØé‰ÄÏÓÄÌÁѼÎØ …ÑŸÆÌÀÓÈéÒÓÇÍé­ÒÒÇéÓÎé›ÈËÄËÄ¿ÔÄÑÎé ™½ÌÌÀéÒØÆʺÍÓÑÕÒÄéÓÎé éÓÕÍé

»ÅÕÍ éÒÇÌÄÈÐÍÎÍÓÀÖéÊØÑÈÎËÄÊÓÈʟé ÄÊËÎÆÈʽéÔѼÀÌÁÎ éÊÀÔÐÖéļ×ÄéÍÀé ÒØÆÊÄÍÓÑÐÒÄÈéºÍÀéÓºÓÎÈÎéÏÎÒÎÒÓ½éÒÄé ÄÊËÎƺÖéÊÑÀÓÈüÎØéÀϽéÓÎééÍÓ¼ ÒÓÎÈ×ÀéÓÎé‰ÎÒÈÀËÃÇÌÎÊÑÀÓÈʽ陽ÌÌÀé ÒØÆʺÍÓÑÕÒÄé̽ËÈÖéÓÎé éºÍÀÍÓÈé ÓÎØé éÏÎØéļ×Ä éϺÅÓÎÍÓÀÖéÒÓÎé ÊÀÓÐÓÄÑÎéÄϼÏÄÃÎéÒÓÇÍéÈÒÓÎѼÀéÓÎØé ÒÄéÀØÓ½éÓÎéÊÑÀÓ¼ÃÈÎ ¥ÎéÒÊÇÍÈʽéÒØÌÏËÇÑÐÍÄÓÀÈéÌÄéÓÇé ÒÇÌÀÍÓÈÊ»éͼÊÇéÓÇÖé«ÑÈÒÓÈÀÍÎÃÇÌÎ ÊÑÀÓ¼ÀÖ éÇéÎÏμÀéÒØÆʺÍÓÑÕÒÄéÓÎé  éÊÀÈéÇéÎÏμÀéÔÀéÒ×ÇÌÀÓ¼ÒÄÈéÓÐÑÀé ÊØÁºÑÍÇÒÇéÌÄéÓÎØÖé›ÈËÄËÄ¿ÔÄÑÎØÖé ÒÓÎéÊÑÀÓ¼ÃÈÎ éÃÎÊÈ̟ÙÎÍÓÀÖéÎØÒÈÀÒÓÈ ÊŸéÀϽéÓÐÑÀéÓÎéÒ×»ÌÀéÀØÓ½ éÓÎéÎÏμÎé ½ËÀéÃļ×ÍÎØÍé½ÓÈé¯éÀÍéÃÄÍéØϟÑÉÎØÍé ÑÈÙÈʺÖéÀÍÀÓÑÎϺÖé¯éÔÀéļÍÀÈéÓÎéÒ×»ÌÀé ÏÎØéÔÀéÏÑÎÊ¿ÂÄÈéÀϽéÓÈÖéÄÊËÎƺÖéÓÎØé ‰ÄÏÓÄÌÁѼÎØ

‰ÓÇÍéÀÍÓÈÏÎ˼ÓÄØÒÇ —é‰ÎÒÈÀËÃÇÌÎÊÑÀÓ¼ÀéÏËÇÑÐÍÄÈé½×Èé ̽ÍÎéÓÈÖéÄÒÕÓÄÑÈʺÖéÃÈÀÅÕͼÄÖéÓÇÖ é ÀË˟éÊÀÈéÓÇéÒØÆÊØÁºÑÍÇÒÇéÌÄéÓÇé«ÑÈ ÒÓÈÀÍÎÃÇÌÎÊÑÀÓ¼À éÒÄéÒÇÌļÎéÍÀéןÍÄÈé éÌÎ͟ÃÄÖéÒÓÇÍé­ÒÒÇéÊÀÈéÍÀéÄÓÎÈ̟

ÙÄÓÀÈéÍÀéÏÄџÒÄÈé̟ËËÎÍéÒÓÇÍéÀÍÓÈÏΠ˼ÓÄØÒÇéÊÀÈéÒÄéÄÔÍÈʽéÄϼÏÄÃÎ ¢ÈéϟÍÓÄÖéÏÑÎÒÏÀÔοÍéÍÀéÄÉÇÆ»ÒÎØÍé ÓÇÍéŸÍÎÃÎéÓÕÍé›ÈËÄËÄØÔºÑÕÍ éÓÇé ÒÓÈÆÌ»éÏÎØéÇéÏÀÆʽÒÌÈÀéÎÈÊÎÍÎÌÈÊ»é ÊѼÒÇéÀÏÎüÃÄÓÀÈéÀÊÑÈÁÐÖéÒÓÎÍéÎÈÊÎ ÍÎÌÈʽéÍÄÎÅÈËÄËÄØÔÄÑÈÒ̽é›À¼ÍÄÓÀÈé ½ÌÕÖé½ÓÈéÀʽÌÇéÊÀÈéÂÇÅÎŽÑÎÈéÓÕÍé ÏÀÑÀÃÎÒÈÀÊÐÍéÒØÍÓÇÑÇÓÈÊÐÍéÊÎÌ̟ ÓÕÍ éÃÇËÀûéÓÎØé«ÑÈÒÓÈÀÍÎÃÇÌÎÊÑÀÓÈ ÊοéÊÀÈéÓÎØé«ÑÈÒÓÈÀÍÎÊÎÈÍÕÍÈÊοéÓÇÖé ”ÀØÀѼÀÖ éÀÏÎÌÀÊÑ¿ÍÎÍÓÀÈéÀϽéÓÎé ʽÌÌÀéÓÇÖé¬ÆÆÄËÀÖ隺ÑÊÄË ¢Èé˽ÆÎÈéļÍÀÈéÇéÎÈÊÎÍÎÌÈÊ»éÊÀӟÒÓÀ ÒÇé»éÆÈÀÓ¼éÏÈÒÓÄ¿ÎØÍé½ÓÈéÇ隺ÑÊÄËé ÏÑÎÒ×ÐÑÇÒÄéÒÓÎÍéÊÑÀÓÈʽéÏÀÑÄÌ ÁÀÓÈÒ̽éÌÄéÓÀéÒ׺ÃÈÀéÃȟÒÕÒÇÖéÓÇÖé ÎÈÊÎÍÎ̼ÀÖéÊÀÈéÓÇÍéÏÑÎÒÅÎџéÒÓ»ÑÈ ÉÇÖéÒÓÈÖéÓџÏÄÙÄÖéÊÀÈéºÓÒÈéÇéÄÏÈËÎÆ»é ÓÕÍé›ÈËÄËÄØÔºÑÕÍéļÍÀÈéÎØÒÈÀÒÓÈʟé »ÅÎÖéÃÈÀÌÀÑÓØѼÀÖé»éÀʽÌÇé»ÅÎÖé ÒÄéºÍÀéʽÌÌÀéÓÎéÎÏμÎéØϽÒ×ÄÓÀÈé ËÈƽÓÄÑÎØÖéŽÑÎØÖ éËÈƽÓÄÑÎéÊџÓÎÖé ÊÀÈéËÈƽÓÄÑÇéÆÑÀÅÄÈÎÊÑÀÓ¼ÀéÊÀÈéÒØÍÄ ÏÐÖéÃȺÉÎÃÎéÀϽéÓÀéÒÇÌÄÑÈ͟éÎÈÊÎÍÎ ÌÈʟéÏÑÎÁË»ÌÀÓÀ —éÄÍÓØÏÕÒÈÀÊ»éŸÍÎÃÎÖéÓÎØ陽ÌÌÀÓÎÖé ÓÕÍé›ÈËÄËÄØÔºÑÕÍ éÇéÎÏμÀéÅÀ¼ÍÄÓÀÈé


½ÓÈéÒÇÌÄÈÐÍÄÓÀÈéÒÄéÎ˽ÊËÇÑÇéÓÇé€ÄÑ ÌÀͼÀ éÄÏÈÒÊȟÙÄÈéºÍÀéŸËËÎéÒÇÌÀÍÓÈʽé ÅÀÈͽÌÄÍÎ éÓÎéÆÄÆÎͽÖéÃÇËÀûé½ÓÈéÓÎé ÑÈÒÓÄѽ陽ÌÌÀéÒÇÌÄÈÐÍÄÈéÒÓÀÔÄÑ»é ÏÓÐÒÇé­ÓÒÈ éÒÓÇÍé­ÒÒÇé̽ËÈÖéÏÎØé ÊÀӟÅÄÑÄéÍÀéÀÏÎÒϟÒÄÈéÓÎé éÊÀÈé ÍÀéÌÏÄÈéÒÓÇé”ÎØË» éÀÅοéÓÎé½ÑÈÎéļÍÀÈé ÓÎé éÄÍÐéÒØÍÎËÈʟéÒÓÇé€ÄÑÌÀͼÀé ÅÀ¼ÍÄÓÀÈéÍÀéϺÅÓÄÈéÒÓÎéé ééºÍÀÍÓÈé ÓÎØéé ééÏÎØéļ×Äé̺×ÑÈéÏÑÈÍéÀϽé ˼ÆÎØÖéÌ»ÍÄÖ ­ÍÀéÀʽÌÇéÄÍÃÈÀźÑÎÍéÒÓÎÈ×ļÎéļÍÀÈé ½ÓÈéÊÀÈéÎÈé…ÑŸÒÈÍÎÈéÒÇÌÄÈÐÍÎØÍéÒÇÌÀ ÍÓÈÊ»éŸÍÎÃÎ éÊÀÔÐÖéÒÓÇÍé­ÒÒÇéÏÀÍÇ ÆØѼÙÎØÍéÆÈÀÓ¼éÀϽéÓÎé éÏÎØéļ×ÀÍé ÊÀӟÅÄÑÀÍéÍÀéÀͺÁÎØÍéÒÓÎé 

…ÑÐÓÇéÇ隺ÑÊÄË ¥ÎéÀÏÎÓºËÄÒÌÀéÓÕÍéÄÊËÎÆÐÍéÒÓÇÍé ­ÒÒÇéÔÄÕÑļÓÀÈéʽËÀÅÎÖéÒÓÎØÖé‰ÎÒÈ ÀËÃÇÌÎÊџÓÄÖ éÄÍÐéÃÄÍéËļÏÎØÍéÄÊļ ÍÎÈéÏÎØéÀÏÎüÃÎØÍéÓÇÍé»ÓÓÀéÒÓÈÖéÏÑÎ ÒϟÔÄÈÄÖéÒÓÄËÄ×ÐÍéÓÎØé‰ÎÒÈÀËÃÇÌÎ ÊÑÀÓÈÊο陽ÌÌÀÓÎÖéÍÀéÊØÁÄÑÍ»ÒÎØÍé ÓÎéÊÑÀÓ¼ÃÈÎéÀØÓ½éÌÄéÓÇÍéØÏÎÒÓ»ÑÈÉÇé ÓÎØéÑÈÒÓÄÑο陽ÌÌÀÓÎÖ éÒÓÎéÎÏμÎé ÒØÍØϟÑ×ÎØÍéÀÑÈÒÓÄѺÖéÃØ͟ÌÄÈÖéÓÇÖé ÏÀËȟÖéØÓÈÊ»Öé€ÄÑÌÀͼÀÖéÌÄéÃØ͟ ÌÄÈÖéÏÎØéÏÑκÊØÂÀÍéÀϽéÓÎé™™éÓÇÖé ÏÀËȟÖéÍÀÓÎËÈÊ»Öé€ÄÑÌÀͼÀÖ ¥ÐÑÀéÇ隺ÑÊÄËéÔÄÕÑļÓÀÈé½ÓÈéÔÀé ÏÀÑÀÌļÍÄÈéÊÀÆÊÄ˟ÑÈÎÖéÓÇÖé€ÄÑÌÀ ͼÀÖéÊÀÈéÆÈÀéÓÇÍéÄϽÌÄÍÇéÓÄÓÑÀÄÓ¼À é ×ÕѼÖéÓÈÖé¦ÃÎØËļÄÖ§éÓÇÖéÒØÆÊØÁºÑÍÇ ÒÇÖéÌÄéÓÎé‰ÎÒÈÀËÃÇÌÎÊÑÀÓÈʽ陽ÌÌÀé ¬ËËÕÒÓÄéÇé€ÄÑÌÀͼÃÀéÊÀÆÊÄ˟ÑÈÎÖé ļÍÀÈéÒÓÀÔÄџéÏÑÐÓÇéÒÓÈÖéÃÇÌÎÒÊÎÏ» ÒÄÈÖé½ÒÎÍéÀÅÎџéÓÈÖéÏÑÎÓÈÌ»ÒÄÈÖéÓÕÍé ÂÇÅÎŽÑÕÍ ¥Îé›ÈËÄËÄ¿ÔÄÑÎ陽ÌÌÀéÒØÍÄÑƟÙÄÓÀÈé »ÃÇéÌÄéÓÇé«ÑÈÒÓÈÀÍÎÃÇÌÎÊÑÀÓ¼ÀéÒÄé ϺÍÓÄéÊÑÀÓ¼ÃÈÀéšÄӟéÓÈÖéÄÊËÎƺÖé ÒÓÇÍé­ÒÒÇ éÎé¦ÌÄƟËÎÖéÒØÍÀÒÏÈÒÌ½Ö§é «ÑÈÒÓÈÀÍÎÃÇÌÎÊÑÀÓÐÍéÊÀÈé‰ÎÒÈÀËÃÇ ÌÎÊÑÀÓÐÍéןÍÄÈéÓÇÍéÏËÄÈÎÂÇżÀéÏÎØé ļ×ÄéÒÓÇÍé¬ÍÕé”ÎØË»é‰ØÍÄÏÐÖéÎÈé ϟÍÓÄÖéÏÑÎÒÀÍÀÓÎ˼ÙÎÍÓÀÈéÀϽéÓÐÑÀé ÒÓÎéͺÎéÒØÍÀÒÏÈÒ̽é«ÑÈÒÓÈÀÍÎÃÇÌÎ ÊÑÀÓÐÍéÊÀÈé›ÈËÄËÄØÔºÑÕÍéÌÄӟéÓÇé ÌÄƟËÇéÀÍÀ̺ÓÑÇÒÇéÓÎØé‰ÄÏÓÄÌÁѼÎØ ›À¼ÍÄÓÀÈé½ÓÈéÓÎé‰ÎÒÈÀËÃÇÌÎÊÑÀÓÈÊ½é ™½ÌÌÀéÏËÇÑÐÍÄÈéÓÐÑÀéÓÎØÖéÃÈÒÓÀÆ ÌοÖéÓÎØéÊÀÈéÓÈÖéÄÒÕÓÄÑÈʺÖéÃÈ×ÎÆÍÕ Ì¼ÄÖéÓÎØéÀÍéÊÀÈéÊÀӟéϽÒÎéÏѺÏÄÈéÍÀé ÒØÍÄÑÆÀÒÓļéÒÄéÓÎÏÈʽé»éÊÀÈéÒÄéÄÔÍÈʽé ÄϼÏÄÃÎéÌÄéÓÎéÑÈÒÓÄѽ陽ÌÌÀé•ÍÃÄ ×Î̺ÍÕÖéÇéÄÍÓØÏÕÒÈÀÊ»éŸÍÎÃÎÖéÓÕÍé ›ÈËÄËÄØÔºÑÕÍéÍÀéÎÅļËÄÓÀÈéÏÄÑÈÒÒ½ ÓÄÑÎéÒÓÈÖéÀÃØÍÀ̼ÄÖéÓÕÍéŸËËÕÍéÊÎÌ ÌŸÓÕÍéÊÀÈé½×ÈéÒÓÇÍéÄËÊØÒÓÈʽÓÇÓÀéÓÎØé ÃÈÊοéÓÎØÖéÏÑÎÆџÌÌÀÓÎÖ ˜ÒÓÎÑÈʟ éÕÒÓ½ÒÎ éºÍÀÖéÄÍÃÄ×½ÌÄÍÎÖé ÒØÍÀÒÏÈÒ̽Öé«ÑÈÒÓÈÀÍÎÃÇÌÎÊÑÀÓÐÍé ÊÀÈé›ÈËÄËÄØÔºÑÕÍéÃÄÍéļÍÀÈéʟÓÈéÊÀÈ ÍοÑÆÈÎ éÊÀÔÐÖéÊÀÈéÒÓÎéÏÀÑÄËÔ½ÍéÓÎé ™½ÌÌÀéÓÕÍé›ÈËÄËÄØÔºÑÕÍéÀÏÎÓÄËοÒÄé ÓÎÍé¦ÌÏÀËÀÍӺѧéÀ͟ÌÄÒÀéÒÄé«ÑÈÒÓÈÀ ÍÎÃÇÌÎÊџÓÄÖéÊÀÈé‰ÎÒÈÀËÃÇÌÎÊџÓÄÖ ˜ÒÕÖéÇéÒÓÑÀÓÇÆÈÊ»éÓÕÍé«ÑÈÒÓÈÀÍÎÃÇ ÌÎÊÑÀÓÐÍéÍÀéÏÑÎÕÔÇÔοÍéÏÑÎÖéÓÎé ʺÍÓÑÎéÍÀéÀϺÃÕÒÄ éÄÍÐéÎÈéÃÈÒÓÀÆÌμé ÓÕÍé‰ÎÒÈÀËÃÇÌÎÊÑÀÓÐÍéÍÀéÉÄÊÀÔÀѼ ÒÎØÍéÓÈÖéÒ׺ÒÄÈÖéÓÎØÖéÒÓÀéÀÑÈÒÓÄџé ÓÎØÖéÍÀéÓÎØÖéÒÓμ×ÈÒÄé½×Èé̽ÍÎéÒÓÇÍé ­ÒÒÇ éÀË˟éÊÀÈéÒÄéÄÔÍÈʽéÄϼÏÄÃΨ

†£¢ž£•Š•™„¢•ŠŠ¥— ˜Š„ ‚˜

­ÍÀÖé¦ÏÀџÃÄÈÒÎÖ§ ÏÎØéÊÀÓÀÑѺÄÈ

ÄÊļÍÎéÏÎØéÄÌÅÀͼÙÄÓÀÈéÍÀéÒØÆÊÄÍÓÑÐÍÄÈé ÏÎË¿éÒÇÌÀÍÓÈʟéÏÎÒÎÒӟéÒÓÈÖéÃÇÌÎÒÊÎÏ»ÒÄÈÖé ļÍÀÈéÓÎéʽÌÌÀéÓÇÖéÑÈÒÓÄџÖé é…ÑÀÒ¼ÍÕÍ éÓÎé ÎÏμÎéÒØÆÊÑÎÓļÓÀÈéÀϽéÃØ͟ÌÄÈÖéÓÇÖéÑÈÒÓÄ ÑŸÖéÊÀÈéÓÕÍé¢ÈÊÎ˽ÆÕÍéÊÀÈéÓÎéÎÏμÎéÒØÆÊÄ ÍÓÑÐÍÄÈéÏÄѼÏÎØéÓÎééÓÕÍéÏÑÎÔºÒÄÕÍéÓÇÖé »ÅÎØ éÄÍÐéÒÓÈÖéÄÊËÎƺÖéÓÎØéšÀÜÎØééļ×Äé ÒØÆÊÄÍÓÑÐÒÄÈé̽ËÈÖéÓÎé ¥ÎéÌÄÆÀË¿ÓÄÑÎéÏѽÁËÇÌÀéÀÍÓÈÌÄÓÕϼÙÄÈéÓÎé ‰ÎÒÈÀËÃÇÌÎÊÑÀÓÈʽ陽ÌÌÀ éÓÎéÎÏμÎéÒ¿Ì ÅÕÍÀéÌÄéÓÇÍéÄÏÈÊÄÅÀË»ÖéÓÎØé·ÆÊÈÌÏÈÎÑÆÊé €ÊÈÒËÀÍÓ½ÓÈÑ éÇéÎÏμÀéļÍÀÈéÊÀÈéØÏÎØÑƽÖé •ÉÕÓÄÑÈÊÐÍ éÔÀéÏÑÎÓÈÌοÒÄéÍÀéÃÈÀÓÇÑ»ÒÄÈéÓÇé ÒØÍÄÑÆÀÒ¼ÀéÓÎØéÌÄéÓÎéÒØÍÓÇÑÇÓÈʽ陽ÌÌÀéÓÇÖé ÍÄÉÀÑÓÇÒ¼ÀÖ éÄÍÐéØϟÑ×ÎØÍé̺ÒÀéÒÓÎéÊ½Ì ÌÀéÃØ͟ÌÄÈÖéÎÈéÎÏμÄÖéÏÑÎÓÈÌοÍéÓÇéÑÈÙÈÊ»é ÌÄÓÀÒÓÑÎÅ»éÓÎØéÊÀÈéÓÇéÒØÍÄÑÆÀÒ¼ÀéÓÎØéÌÄéÓÎé ÑÈÒÓÄѽé é…ÑŸÒÈÍÎéʽÌÌÀ —éÎÑÆ»é½ÌÕÖéÓÕÍéÃÈÀÃÇËÕÓÐÍéÒÓѺÅÄÓÀÈéÊØѼ ÕÖéÄ͟ÍÓÈÀéÒÓÎÍéÏÑÕÔØÏÎØÑƽ髽ÑÍÓÄéÊÀÈéÓÎÍé ÃÈÎÈÊÇÓ»éÓÇÖé¥ÑŸÏÄÙÀÖéÓÇÖé˜ÒËÀÍüÀÖé ÓºÈÁÈÍÓé ¸ÍÓÒÎÍ éÎéÎÏμÎÖéØÏ»ÑÉÄéÏÑÕÔØÏÎØÑƽÖéÆÈÀé ÃÄÊÀÓѼÀéÎ˽ÊËÇÑÀé×ѽÍÈÀéÊÀÈéļÍÀÈéÀØÓ½ÖéÎé ÎÏμÎÖéÒØͺÁÀËÄéÊÀÔÎÑÈÒÓÈʟéÒÓÎéÍÀéÒÓÑÀÅļé ÇéÈÒËÀÍÃÈÊ»éÎÈÊÎÍÎ̼ÀéÏÑÎÖéÓÈÖé×ÑÇÌÀÓÈÒÓÇ ÑÈÀʺÖéÊÀÈéÓÑÀÏÄÙÈʺÖéØÏÇÑÄÒ¼ÄÖ éÎÈéÎÏμÄÖ é ÄÍÐéºÃÕÒÀÍéÀÑ×ÈʟéÌÈÀéÄϼÅÀÒÇéØÏÄÑÊÄÑÃÐÍé ÊÀÈéÄØÇÌÄѼÀÖ éÓÄËÈʟéÎûÆÇÒÀÍéÒØÍÎËÈʟé ÓÇÍéÎÈÊÎÍÎ̼ÀéÒÓÇé×ÑÄÎÊÎϼÀ ¢éÏÑÕÔØÏÎØÑƽÖé€ÊºÈÑ髽ÑÍÓÄéÁѼÒÊÄÓÀÈé ÄÏÈÊÄÅÀË»ÖéÓÇÖéÊØÁºÑÍÇÒÇÖéÀϽéÓÎÍé˜Î¿ÍÈÎé ÓÎØééÊÀÈéÏÀѺÌÄÈÍÄéÊÀÈéÌÄӟéÓÈÖéÄÊËÎƺÖé ÓÎØé éÄÍÐéÒÓÎéÏÀÑÄËÔ½Íéº×ÄÈéÃÈÀÓÄ˺ÒÄÈé ØÏÎØÑƽÖé•ÉÕÓÄÑÈÊÐÍéÊÀÔÐÖéÊÀÈéØÏÎØÑƽÖé ¢ÈÊÎÍÎÌÈÊÐÍ ¢é«½ÑÍÓÄéÏÑÎÒÏÀÔļéÓÐÑÀéÍÀéÃÈÀÒÐÒÄÈé½ ÓÈé ÌÏÎÑļ éÐÒÓÄéÍÀéÀÏÎÅ¿ÆÄÈéÓÎÍéÊÀÓÀÏÎÍÓÈÒ̽é ÓÎØéʽÌÌÀÓ½ÖéÓÎØéÒÓÈÖéÏѽÕÑÄÖéÄÊËÎƺÖéÓÎØé šÀÜÎØéÊÀÈéÃÇËÐÍÄÈé½ÓÈéÇéÊØÁºÑÍÇÒÇéÔÀéÒØÍÄ ×¼ÒÄÈéÍÀéÄÑƟÙÄÓÀÈéÌÄéÀÏÎÅÀÒÈÒÓÈʽÓÇÓÀé¦ÆÈÀé ÍÀéÒÐÒÄÈéÓÀéÍÎÈÊÎÊØÑȟéÊÀÈéÓÈÖéÄÏÈ×ÄÈÑ»ÒÄÈÖé ÓÇÖé˜ÒËÀÍüÀÖ§é¢é¼ÃÈÎÖéÏÑÎÒÔºÓÄÈé½ÓÈéÇéÏÑÎÄ ÓÎÈÌÀÒ¼ÀéÓÕÍéÄÊËÎÆÐÍéÃÄÍéÔÀéÏÀÑÀÊÕË¿ÒÄÈéÓÎé Ò׺ÃÈÎéÀÍÀÒ¿ÍÓÀÉÇÖéÓÇÖéÎÈÊÎÍÎ̼ÀÖ éÓÎéÎÏμÎé ÄÅÀÑ̽ÙÄÓÀÈéÌÄéÓÇéÁλÔÄÈÀéÓÎØéÈÄÔÍοÖé  ÎÌÈÒÌÀÓÈÊοé¥ÀÌļÎØ

‰ÓÎé éÇéÀÍÄÑƼÀ

‰

ÓÇéÌÀÊÑÈÍ»éÌÀÖé˜ÒËÀÍüÀ éÌÈÀé×ÐÑÀé ÏÎØéÄÃÐéÊÀÈéÃÄÊÀÄÓ¼ÄÖéļ×ÄéÉÄןÒÄÈé ÓÈéÀÊÑÈÁÐÖéļÍÀÈéÎÈéÃÈÀÃÇËÐÒÄÈÖ é ÀË˟éÊÀÈéÌÈÀé×ÐÑÀéÏÎØéÃÈÀÅÇ̼ÒÓÇ ÊÄéÕÖé×ÑÇÌÀÓÎÏÈÒÓÕÓÈʽÖé¦ÏÀџÃÄÈÒÎÖ§éÓÀé ÓÄËÄØÓÀ¼Àé×ѽÍÈÀ éÇéÊØÁºÑÍÇÒÇ éÏÑÐÓÎéÔ¿ÌÀé ÓÇÖéÏÀÆʽÒÌÈÀÖé×ÑÇÌÀÓÎÎÈÊÎÍÎÌÈÊ»ÖéÊѼÒÇÖ é ÀÍÀÆʟÒÓÇÊÄéÍÀéÏÑÎÒÅ¿ÆÄÈéÒÄéÏѽÕÑÄÖé ÄÊËÎƺÖ Ï½éÓÎÍé¢ÊÓÐÁÑÈÎéÎÈéÃÈÀÃÇËÐÒÄÈÖéÀÏÎÓÄ ËοÒÀÍéÊÀÔÇÌÄÑÈÍ»éÏÑÀÆÌÀÓÈʽÓÇÓÀéÌÄé ÀÏÎÊÎÑ¿ÅÕÌÀéÓÇÍéÓÄËÄØÓÀ¼ÀéÄÁÃÎ̟ÃÀé½ÏÎØé ×ÑÄȟÒÓÇÊÄéÇéÏÀѺÌÁÀÒÇéÓÇÖéÀÒÓØÍÎ̼ÀÖé ÆÈÀéÍÀéÌÇÍéÉÄÒϟÒÄÈéÇéÎÑÆ»éÓÎØéʽÒÌÎØéÒÓÀé ̺ËÇéÓÇÖéÊØÁºÑÍÇÒÇÖé»éÀʽÌÇéÊÀÈéÒÓÇé”ÎØ Ë»é¥ÄËÈʟéÎéÏÑÕÔØÏÎØÑƽÖé€ÊºÈÑ髽ÑÍÓÄé ÀÍÀÆʟÒÓÇÊÄéÍÀéÃÇËÐÒÄÈé½ÓÈéÏÀÑÀÈÓļÓÀÈéÊÀÈé ÍÀéÏÑÎÊÇÑ¿ÉÄÈéÏѽÕÑÄÖéÄÊËÎƺÖéÆÈÀéÓÇÍéÇé šÀÜÎØéÒÓÈÖéÎÏμÄÖ é½ÏÕÖéºÒÏÄØÒÄéÀϽéÓÐÑÀé ÍÀéÃÈÄØÊÑÈͼÒÄÈ éÃÄÍéÏѽÊÄÈÓÀÈéÍÀéļÍÀÈéØÏΠ»ÅÈÎÖ ›À¼ÍÄÓÀÈé½ÌÕÖé½ÓÈéÒÄéÀØÓ»éÓÇÍé»ÑÄÌÇé×ÐÑÀé ÓÕÍééÊÀÓμÊÕÍéÓÀéÏÍÄ¿ÌÀÓÀéº×ÎØÍé ÎÉØÍÔļéÓ½ÒÎéÏÎË¿ éÏÎØéÎÈéÃÈÀÃÇËÕÓºÖéÅÐÍÀ ÙÀÍéÓÎéÒ¿ÍÔÇÌÀé¦ÍºÀéÃÇÌÎÊÑÀÓÈÊ»éÏÎËÈÓļÀ é ͺÎéÒ¿ÍÓÀÆÌÀ§ éÙÇÓÐÍÓÀÖéÊØÑÈÎËÄÊÓÈʟé ÑÈÙÈÊ»éÏÎËÈÓÈÊ»éÀËËÀÆ»é—éÈÒËÀÍÃÈÊ»éÊØÁºÑ

ÍÇÒÇéÔÄÕÑļÓÀÈéÓÎéÏÑÐÓÎéÔ¿ÌÀéÓÇÖéÃÈÄÔÍοÖé ÊѼÒÇÖ éÄÍÐéļÍÀÈéÀÌżÁÎËÎéÀÍéÎÈéÄÊËÎƺÖéÔÀé ÀÏÎÊÀÓÀÒÓ»ÒÎØÍéÓÇéÙÇÌȟéÏÎØéº×ÄÈéØÏÎÒÓļé ÇéÎÈÊÎÍÎ̼ÀéÓÇÖéÁÎÑÄÈÎ ÄØÑÕÏÀÚÊ»ÖéÀØÓ»Öé ×ÐÑÀÖ —é˜ÒËÀÍüÀéÃÄÍéļÍÀÈé̺ËÎÖéÓÇÖé•ØÑÕÏÀÚÊ»Öé ­ÍÕÒÇÖéÊÀÈéļ×ÄéÒÓÇѼÉÄÈéÓÇÍéÄÌÅÀÍ»éÄØÇÌÄ Ñ¼ÀéÓÇÖ éÓÀéÓÄËÄØÓÀ¼Àé×ѽÍÈÀ éÒÄéºÍÀÍéØÏÄÑ ÓÑÎÅÈʽéÓÑÀÏÄÙÈʽéÓÎ̺À éÎéÎÏμÎÖéÊÀÓºÑÑÄØ ÒÄéÓÎéÅÔÈͽÏÕÑÎéÓÎØé —éÊØÁºÑÍÇÒÇéÓÇÖé˜ÒËÀÍüÀÖéÒÓÇѼÙÄÓÀÈéÒÓÎé ËÄƽÌÄÍÎ陽ÌÌÀéÓÇÖéÍÄÉÀÑÓÇÒ¼ÀÖ éÓÎéÎÏμÎé ļÍÀÈéÒØÍÓÇÑÇÓÈʽéʽÌÌÀ éÀË˟éÊÀÈéÒÓÎé‰ÎÒÈ ÀËÃÇÌÎÊÑÀÓÈʽ陽ÌÌÀ éÀϽéÓÎéÎÏμÎéÏÑÎ ºÑ×ÄÓÀÈéÊÀÈéÎéØÏÎØÑƽÖé•ÌÏÎѼÎØ éÎéÎÏμÎÖé ÏÀÑÀÈÓ»ÔÇÊÄéÊÀÈéÀØÓ½Ö ¶ÃÇéº×ÎØÍéÀÑ×¼ÒÄÈéÃÈÀÁÎØËÄ¿ÒÄÈÖéÀ͟ÌÄÒÀé ÒÓÀéʽÌÌÀÓÀ éÊÀÔÐÖéÎÈéÃÇÌÎÒÊÎÏ»ÒÄÈÖéÃļ ×ÍÎØÍé½ÓÈéÒÓÈÖéÄÊËÎƺÖéÓÎ陽ÌÌÀéÓÇÖéÍÄÉÀÑ ÓÇÒ¼ÀÖéÃÄÍéÏѽÊÄÈÓÀÈéÍÀéÒØÆÊÄÍÓÑÐÒÄÈéÏÄÑÈÒ Ò½ÓÄÑÎéÀϽéÓÎé éÄÍÐéÒÓÈÖéÏÑÎϺÑÒÈÍÄÖé ÄÊËÎƺÖéļ×ÄéÒØÆÊÄÍÓÑÐÒÄÈéÓÎé 

…ŸÍÕéÑÈÒÓÄџé é…ÑŸÒÈÍÎÈ Ê½ÌÀé×ÄÈѽÓÄÑÇéļÍÀÈéÇéÊÀӟÒÓÀÒÇéÓÎØé‰ÎÒÈ ÀËÃÇÌÎÊÑÀÓÈÊο陽ÌÌÀÓÎÖ éÓÎéÎÏμÎéÄÌÅÀͼ ÙÄÓÀÈéÍÀéÒØÆÊÄÍÓÑÐÍÄÈé̽ËÈÖéÓÎééÍÓ¼ÔÄÓÀé

—éÈÒËÀÍÃÈÊ»éÊØÁºÑÍÇÒÇéØÏÎ×ÑÄÐÔÇÊÄ éÌÄӟé ÓÇÍéºÊÑÇÉÇéÓÇÖéÎÈÊÎÍÎÌÈÊ»ÖéÊѼÒÇÖ éÍÀéÀÍÀ ˟ÁÄÈéÇé¼ÃÈÀéÓÎÍéºËÄÆ×ÎéÓÕÍéÓÑÈÐÍéÌÄÆÀË¿ ÓÄÑÕÍéÓÑÀÏÄÙÐÍéÓÇÖé×ÐÑÀÖ éÎÈéÎÏμÄÖéļ×ÀÍé ¦ÉÄÌļÍÄȧéÀϽéÑÄØÒÓ½ éÄÍÐéºÍÀéÒÇÌÀÍÓÈʽé ÓÌ»ÌÀéÓÕÍéÊÀÓμÊÕÍéº×ÀÒÄéÓÇéÃÎØËÄȟéÓÎØé»é ļÃÄéÓÈÖéÎÈÊÎÍÎ̼ÄÖéÓÎØéÍÀéÄÉÀÍÄ̼ÙÎÍÓÀÈ —é˜ÒËÀÍüÀé»ÓÀÍ éÒ¿ÌÅÕÍÀéÌÄéÓÎØÖéÃļÊÓÄÖé ÓÎØé¢ÑÆÀÍÈÒÌοé‰ØÍÄÑÆÀÒ¼ÀÖéÊÀÈéÍŸÏÓØÉÇÖé ÓÇÖé•ØÑÐÏÇÖ éÌÈÀéÀϽéÓÈÖéÏÈÎéÄØÇÌÄÑοÒÄÖé ×ÐÑÄÖ éÓÀéúÊÀéÓÄËÄØÓÀ¼Àé×ѽÍÈÀ éÀË˟éÓÎé ÊÀԟÑÈÒÓÎé•ÔÍÈʽé…ÑÎÚ½ÍéÓÇÖéÌÄÈÐÔÇÊÄé ÊÀӟé éźÓÎÖé…ÀџËËÇËÀéÇéÀÍÄÑƼÀ éÇé ÎÏμÀé»ÓÀÍéÒ×ÄýÍéÀÍ¿ÏÀÑÊÓÇéÒÄéÀØÓ»éÓÇé ×ÐÑÀ éÅӟÍÄÈéÒÓÎé éÓÎØéÄÍÄÑÆοéÏËÇÔØ ÒÌο ØÓ»éÇéÎÈÊÎÍÎÌÈÊ»éÊѼÒÇéÎûÆÇÒÄéÓÎØÖé ˜ÒËÀÍÃοÖéÒÄéÒØÍÄ×ļÖéÃÈÀÃÇËÐÒÄÈÖ éÈÃÈÀ¼ÓÄÑÀé ÓÀé‰ÀÁÁÀÓÎÊ¿ÑÈÀÊÀ éÀϽéÓÎÍé¢ÊÓÐÁÑÈÎéÓÎØé é•ÓÒÈ éÀØÓ»éÇé×ÐÑÀéÏÎØé×ÀÑÀÊÓÇÑÈÙ½ÓÀÍé ÀϽéÓÎéÒØÍÀÈÍÄÓÈʽéÏÎËÈÓÈʽéÊ˼ÌÀéļÃÄéÉÀÅ ÍÈʟéÓÇÍéÎÑÆ»éÓÕÍéÃÈÀÃÇËÕÓÐÍéÍÀéÄÊÅџÙÄÓÀÈé ÌÄéÁ¼ÀÈÀéÄÏÄÈÒ½ÃÈÀ éÌÄéÓÑÀØÌÀÓÈÒÌοÖéÊÀÈé ÒØËË»ÂÄÈÖéÌÏÑÎÒӟéÒÓÇÍéºÃÑÀéÓÎØ陽ÌÌÀÓÎÖé ÓÇÖéÍÄÉÀÑÓÇÒ¼ÀÖé»éÌÏÑÎÒӟéÒÓÇé”ÎØË» —éÏÑÎÊ»ÑØÉÇéÓÕÍéÏѽÕÑÕÍéÄÊËÎÆÐÍéÃÄÍé ÒÇÌÀ¼ÍÄÈéÁºÁÀÈÀé½ÓÈéÇéÎÈÊÎÍÎ̼ÀéÓÇÖé˜ÒËÀÍü ÀÖéÔÀéÊÀÓÀźÑÄÈéÍÀéÎÑÔÎÏÎûÒÄÈéÒ¿ÍÓÎÌÀ

š¬«®£¤£Þ$IL?>I




›™•„¢Š4"*$ ¥ÇÖŠ¥•„„Š™Š‚„—

ÍÀËÀÌÁŸÍÄȺÑÆÀ ÏÀÑÀüÃÄÈÒÊÎØϼÃÈÀ ™À˟ ÆÈÀÓ¼ÃÄÍļÏÄÒ´Ä̟ÖÓÎØÖ­ËËÇÍÄÖÊÀÍļÖÆÈÀÓÎÍÁ¼ÎÊÀÈÓÇÍÏÎËÈÓļÀÓÇÖÊÎËÎÒÒÈÀ¼ÀÖÄÓÀÈÑļÀÖ— ÃÇÌÎÒÈÎÆÑÀÅÈÊ»ºÑÄØÍÀÒÓÈÖ—†º×ÄÈÀÏÎÃļÉÄÈÏÑÎÏÎËËο½ÓÈÎÊÀͽÍÀÖļÍÀÈÍÀÀÏÎÓØÆןÍÄÈÊÀÈÍÀÌÇÍ ÓÎÏËÇÑÐÍÄÈ

¸

ÒÎÊÈÀÍÔÀÔºËÀÌÄÍÀÈÒ×ØÑÈÒÓοÌÄ ÓÎÀÍÓ¼ÔÄÓÎ ÇÀË»ÔÄÈÀļÍÀȽÓÈÃÄÍ ʟÍÀÌÄʟÏÎÈÀÄϼÏÎÍÇ ÌÀÊÑÎ×ѽ ÍÈÀ» ºÒÓÕ ÄÌÏÍÄØÒ̺ÍÇÃÇÌÎ ÒÈÎÆÑÀÅÈÊ»ºÑÄØÍÀÆÈÀÍÀÀÍÀÊÀË¿ÂÎØÌÄÓÀ ÊÀÌÐÌÀÓÀÓÇÖ4"*$¥ÀÒÓÎÈ×ļÀÆÈÀÓÈÖÏÑÀÊÓÈ 漅 ÓÀÒʟÍÃÀËÀÊÀÈÓÀÃÈÀÏËÄʽÌÄÍÀÒØÌź ÑÎÍÓÀÓÇÖ4DJFODF"QQMJDBUJPOT*OUFSOBUJPOBM $PSQPSBUJPOÁѼÒÊÎÍÓÀÈÏÀÍÓοÒÓÎÃÈÀüÊÓØÎ  ÒÓÀ׺ÑÈÀÃÇ̽ÒÈÕÍØÏÇÑÄÒÈÐÍÊÀÈÀÍÄɟÑÓÇ ÓÕÍÎÑÆÀÍÈÒÌÐÍÓÕÍ—† ÒÓÇÃȟÔÄÒǽËÕÍ ™È½ÌÕÖ ÊÀÍļÖÃÄÍÓÀ×ÑÇÒÈÌÎÏμÇÒÄÆÈÀÍÀ ÏÑÎÒÓÀÓºÂÄÈ »ºÒÓÕÍÀÄÍÇÌÄÑÐÒÄÈÄÆÊÀ¼ÑÕÖ  ÄÊļÍÎØÖ ÄÌŸÖ ÏÎØÔÀØżÒÓÀÍÓÀÈÄϼ×ѽÍÈÀ ÓÈÖÒØͺÏÄÈÄÖÌÈÀÖÀϽÅÀÒÇÖÇÎÏμÀÃļ×ÍÄÈ ÍÀϟÑÔÇÊÄ̽ÍÎÊÀÈ̽ÍÎÆÈÀÍÀÄÉØÏÇÑÄÓ»ÒÄÈ ÀØÓ»ÓÇÍÀÌļËÈÊÓÇÄÏÈ×ļÑÇÒÇ

ƒÑØËÈÊ»ÄÓÀÈÑļÀ —4"*$ÈÃÑ¿ÔÇÊÄÓÎÀϽÓÎÍ¥ÙÎÍ £½ÌÏÄÑÓ֚ϟÈÒÓÄÑ ÃÈßÊÓÎÑÀÏØÑÇÍÈÊ»Ö ÅØÒÈÊ»ÖÀϽÓΚ¼ÒÈÆÊÀÍ ÎÎÏμÎÖļ×ÄÃÈÀ Á˺ÂÄÈ ÄÍ̺ÒÕÓÎ؝Ø×Ñο†Î˺ÌÎØ ½ÓÈÒÓÎ ÄÉ»ÖÓÀËÄÅӟÔÀÁѼÒÊÎÍÓÀÍÒÓÇÍŸÌØÍÀÊÀÈ ½ÓÈÀØÓ»ÔÀÒÓÇÑÈÙ½ÓÀͽËÎÊÀÈÏÄÑÈÒÒ½ÓÄÑÎ ÒÓÇÍÄÏÈÒÓ»ÌÇÊÀÈÓÇÍÓÄ×ÍÎËÎƼÀŠ»ÌÄÑÀ ļÍÀÈ̼ÀÀϽÓÈÖÌÄÆÀË¿ÓÄÑÄÖÈÃÈÕÓÈʺÖÄÓÀÈÑļ ÄÖÏÎØÏÀѺ×ÎØÍØÏÇÑÄÒ¼ÄÖŸÌØÍÀÖÊÀÈÀÒş ËÄÈÀÖÒÓÇÍÊØÁºÑÍÇÒÇÓÕÍ—†­ÍÀÀϽÓÀ ÌÄÆÀÔ»ÑÈÀÓÇÖӟÉÇÖ)BMMJCVSUPOÊÀÈ#FDIUFM  ÓÀÎÏμÀļÃÀÍÓÇÿÍÀÌÇÊÀÈÓÀʺÑÃÇÓÎØÖ ÍÀÄÊÓÈ͟ÒÒÎÍÓÀÈÀϽÓÇÒÓÈÆÌ»ÏÎØǢ؟ÒÈ ÆÊÓÎÍŸÑ×ÈÒÄÍÀÓÎØÖÀÍÀÔºÓÄÈÄÉÄÈÃÈÊÄØ̺ÍÄÖ ËÄÈÓÎØÑƼÄÖÓÈÖÎÏμÄÖÎÊÑÀÓÈʽÖÌÇ×ÀÍÈÒ̽Ö ÃÄÍÌÏÎÑοÒÄÏ˺ÎÍÍÀÄÏÈÓÄ˺ÒÄȺÑÆÀŸÌØ ÍÀÖÊÀÈØÏÎÃÎÌ»Ö ØÏÎÊÀӟÒÓÀÒÇÒÓÑÀÓÈÕÓÈ ÊÐÍÃØ͟ÌÄÕÍ ÏÑÎÒÓÀÒ¼ÀÓÎغÔÍÎØÖÀϺÍÀÍÓÈ ÒÓÇͺÀ¦ÓÑÎÌÎÊÑÀÓÈÊ»ÀÏÄÈË»§ —Ê˼ÌÀÊÀÓÕÍÄÑÆÀÒÈÐÍÓÎØÖļÍÀÈÓºÓÎÈÀ ÐÒÓÄ Ò¿ÌÅÕÍÀÌÄÄÊÓÈÌ»ÒÄÈÖÎÈÊÎÍÎÌÎ˽ÆÕÍ  ÓÎÓÕÍŽÑÕÍÏÎØÏËÇÑÐÍÎØÍÎȏÌÄÑÈÊÀ ÍμÏÎ˼ÓÄÖ×ÑÇÒÈÌÎÏÎÈļÓÀÈÆÈÀÍÀÄÉÎÅË»ÒÄÈ ÓÈÖÒØÌÁŸÒÄÈÖÓÎØ‚ÇÌÎÒ¼ÎØÌ´ÀØÓºÖ™ÀÈÄÏÄÈ ûźÑÍÎØÍϟÍÓÀÒÄϺÑÀÖÓÈÖÀÏÎÒÓÎ˺ÖÓÎØÖ ÌÀÊÑȟÀϽÎÏÎÈÎÍûÏÎÓÄÃÇ̽ÒÈκËÄÆ×Î ÃÄÍ ļÍÀÈ˼ÆÎÈÄÊļÍÎÈÏÎØÄÏÈÒÇÌÀ¼ÍÎØͽÓÈÒÓÇÍ ÏÑÀÆÌÀÓÈʽÓÇÓÀº×ÎØÍÏ˺ÎÍÀÍÓÈÊÀÓÀÒÓ»ÒÄÈ ÎËÎÊËÇÑÕÓÈʟÓÇͯÎÏÎÈÀûÏÎÓįÄÊËÄÆ̺ÍÇ ÊØÁºÑÍÇÒÇÓÕÍ—† —4"*$ÃÈÀźÑÄÈÀϽÓÈÖØϽËÎÈÏÄÖÒÓνÓÈ ÎÈØÏÇÑÄÒ¼ÄÖÓÇÖÃÄÍÒÓÇѼÙÎÍÓÀÈÒÓÎØÖÌØÖ ÒÊËÇÑÎÓџ×ÇËÕÍÁÄÓÄџÍÕÍ»ÒÓÎÓÒÈ̺ÍÓÎ  ÀË˟ÒÓÇÍÓÄ×ÍÎÆÍÕÒ¼ÀÏÎدÔÄÕÑÇÓÈʟ ¯ÊÀÓº×ÎØÍÎÈØϟËËÇËμÓÇÖ ÒÄ ×ÐÑÄÖÓÎØʽÒÌÎØÓÄ×ÍÎÆÍÕÒ¼ÀÆ¿ÑÕÀϽ ½ÏËÀ ÀË˟ÊØѼÕÖÆ¿ÑÕÀϽÓÎͦϽËÄÌÎÓÇÖ ÏËÇÑÎÅÎѼÀÖ§ÍʟÏÎÈÎÃÇ̽ÒÈκÑÆÎÏÄÑÈ ËÀÌÁŸÍÄÈÓÇÍÀ͟ÏÓØÉÇËÎÆÈÒÌÈÊοÀÒÅÀËļÀÖ  ÒØÒÓÇ̟ÓÕÍÏÀÑÀÊÎËοÔÇÒÇÖ»ÎÏÎÈÎØû ÏÎÓÄļÃÎØÖÄÏÈÒÓÇÌÎÍÈÊ»ÌÄ˺ÓÇ Ç4"*$ļÍÀÈ ÄÊļÆÈÀÍÀÓÎÃÈÄÊÃÈÊ»ÒÄÈ¥ÎÀͺ×ÄȽÍÓÕÖÓÀ ŽÍÓÀÆÈÀÍÀÓÎÎËÎÊËÇÑÐÒÄÈ ļÍÀȯ½ÏÕÖ ºÃÄÈÉÄÊÀÈÇÏÈÊÑ»ÄËËÇÍÈÊ»ÄÌÏÄÈѼÀ¯ÀʽÌÇ ÏÑÎÖÒØÙ»ÓÇÒÇ

–ÎØÌÄÑμÀÑÈÔÌμ vÄÊÀÓ»ÓÀÍÇÒØÍÎËÈÊ»ÀɼÀÓÕÍÊÑÀ ÓÈÊÐͺÑÆÕÍÏÎØÀͺËÀÁÄÇ4"*$ÒÓÈÖ—† ÀϽÓÎÐÖÓÎ v»ÓÀÍÎÈÏÄÑÈÏÓÐÒÄÈÖÒÓÈÖÎÏμÄÖÃÈÀÏÈ ÒÓÐÔÇÊÀÍÀÓÀÒÔÀ˼ÄÖ vš½ËÈÖÃÎ˟ÑÈÀ»ÓÀÍÓÀÏѽ ÒÓÈÌÀÏÎØÏË»ÑÕÒÄÆÈ´ÀØÓºÖÓÈÖÀÓÀÒÔÀ˼ÄÖ vÏÄѼÏÎØͺÄÖÀÍÀÔºÒÄÈÖÀϽÓÈÖ ÊØÁÄÑÍ»ÒÄÈÖÓÕÍ—†ÊÀÈÓÇ֏ØÒÓÑÀ˼ÀÖ º×ÄÈÀÍÀÊÎÈÍÐÒÄÈÇ4"*$ÀϽÓÎ͘ÀÍÎ؟ÑÈÎ ÓÎØ Š¿ÌÅÕÍÀÌÄÓÇͺÑÄØÍÀÓÕÍÃÇÌÎÒÈÎÆџÅÕÍ Ó½ÍÀËÍӚϟÑËÄÓÊÀÈ¥ÙºÈÌÖŠÓÈËÆÈÀÓÎÏÄÑÈ ÎÃÈʽ7BOJUZ'BJS ̺×ÑÈÓÎÍšŸÑÓÈÎÓÎØ Ç4"*$ļ×Ä»ÃÇÀÍÀ˟ÁÄÈÓºÓÎÈÀºÑÆÀ  ÏÄÑÈÒÒ½ÓÄÑÀÀϽʟÔÄŸËËÇÈÃÈÕÓÈÊ»ÄÏÈ×ļ ÑÇÒÇÒÓÇ͏ÌÄÑÈÊ»†ÄÑÈÒÒ½ÓÄÑÀÀϽÓÀ ļ×ÀÍÀɼÀÏÎØÉÄÏÄÑÍοÒÄÓÀ ÃÎ˟ÑÈÀ ÄÍÐÒÄÿÎÉÄÏÄÑÍοÒÄÓÀÃÈÒ ¦™ÀÌȟÄÓÀÈÑļÀÃÄÍÊØÍÇƟÄÈÓÎÊÑÀÓÈʽ×Ñ»ÌÀ ÌÄÌÄÆÀË¿ÓÄÑÇÄÅÄØÑÄÓÈʽÓÇÓÀÊÀÈÄÏÈÌÎÍ»§ ÆџÅÎØÍÎȚϟÑËÄÓÊÀÈŠÓÈ˦™ÀÈÊÀ̼ÀÃÄÍÓÎ ÉÎÃÄ¿ÄÈÌÄÌÄÆÀË¿ÓÄÑÇÌØÒÓÈʽÓÇÓÀ§

šØÒÓÈʟÊÀȺÌÀÓÀ ™Èº×ÄÈ˽ÆÎØÖÍÀÓÎʟÍÄÈ¥ÀÒʟÍÃÀËÀÊÀÈÎÈ ÀÏÎÓØ×¼ÄÖÏÎغ×ÄÈÒÓÎÏÀÔÇÓÈʽÓÇÖÔÀ»ÓÀÍ ÀÑÊÄӟÆÈÀÍÀÒÁ»ÒÎØÍÎÏÎÈÀûÏÎÓÄŸËËÇ

 š¬«®£¤£Þ$IL?>IÙ٘ІÂżÞÞ¡·ÀÁÆ·ÃÒÁÆÞ

”ÄÍÄÙÎغËÀ —ËÄÊÓÑÎÍÈÊ»ÀÏÄÑƼÀ

 ¥Î ÇÃÇ̽ÒÈÀÄÏÈ×ļÑÇÒÇÏÄÓÑÄËÀ¼ÎØ ÓÇÖ”ÄÍÄÙÎغËÀÖ 1%74" ÀͺÔÄÒÄÒÓÇ 4"*$ÓÇÃÇÌÈÎØÑƼÀÄͽÖÒØÒÓ»ÌÀÓÎÖÆÈÀ ÓÇÃÈÀ×ļÑÈÒÇÃÄÃÎ̺ÍÕÍ¥ºÒÒÄÑÀ×ѽÍÈÀ ÀÑƽÓÄÑÀ ÊÀÈÀÅοÄÍÓÕÌÄÓÀɿ΢¿ÆÊÎ ¥ÒŸÁÄÖļ×ÄÀÍÀÃÄÈ×ÔļÃÇÌÎÊÑÀÓÈʟÒÓÇÍ ÄÉÎØÒ¼À ÇÃÈμÊÇÒÇÓÇÖ1%74"ºÊÑÈÍÄÓÇ Ò¿ÌÏÑÀÉÇÄÏÈÙ»ÌÈÀÆÈÀÓÇÍÄÏÈ×ļÑÇÒÇÊÀÈ ÀÏÎşÒÈÒÄÓÇÌÇÀÍÀͺÕÒÇÓÎØÒØÌÁÎ ËÀ¼ÎØ—ÀϟÍÓÇÒÇÓÇÖ4"*$ Ò¿ÌÅÕÍÀÌÄ ÓÎÄÈÃÇÒÄÎÆÑÀÅÈʽҟÈÓWFOF[VFMBOBMZTJT DPN »ÓÀÍÍÀØÏÎÊÈÍ»ÒÄȦÇËÄÊÓÑÎÍÈ Ê»§ÀÏÄÑƼÀÄÍÀÍÓ¼ÎÍÓÇÖÃÈμÊÇÒÇÖ ÊÀÈÍÀÄÆÊÀÓÀËļÂÄÈÀÈÅÍÈüÕÖÓκÑÆÎ  ÏÑÎÓοÄËÄÆ×ÔοÍÓÀÏÄÏÑÀÆ̺ÍÀÓÇÖ –»ÓÇÒÄ̟ËÈÒÓÀÀϽÓÇÍÊØÁºÑÍÇÒÇÓÇÖ ”ÄÍÄÙÎغËÀÖÊÀÈÓÀѺÒÓÀ ÆÈÀÌÈÀÄϺÍÃØ ÒÇÏÎØÓÇÖļ×ÄÒÓÎÈ×¼ÒÄÈÃÎ˟ÑÈÀÊÀÈ ÓÇÖļ×Ä»ÃÇÀÏÎźÑÄÈ ÏÎË¿ ÏÄÑÈÒÒ½ÓÄÑÀÀÏ´ÀØӟÏÎØÏÑκÁËÄÏÄÇ Ò¿ÌÁÀÒ»ÓÇÖ Ï½Ó½ÓÄ Ç4"*$º×ÄÈÊÀÓÇ ÆÎÑÇÔļ½ÓÈÃÈÎ׺ÓÄØÒÄÓÀÄØÀ¼ÒÔÇÓÀÃÄÃÎ ̺ÍÀÓÇÖ1%74"ÒÄÀÍÓ¼ÏÀËÄÖÄÓÀÈÑļÄÖ  ÒÀÌÏÎӟÑÎÍӟÖÓÇÍ

ÄÓÀÈÑļÀÀϽÓÎÍןÑÓǯϽÒÎ̟ËËÎÍÀϽÓÈÖ ˼ÒÓÄÖ¯ÌÄÓÈÖÏÈÎÏÑÎÒÎÃÎŽÑÄÖÄÏÈ×ÄÈÑ»ÒÄÈÖ ÓÇ֏ÌÄÑÈʻ֕ÏÈ˺ÉÀÌÄÓÀÏÈÎ×ÀÑÀÊÓÇÑÈÒÓÈʟ ÏÀÑÀÃļÆÌÀÓÀÓÕÍÓÄËÄØÓÀ¼ÕÍÃÄÊÀÄÓÈÐÍ v¥ÇÃÄÊÀÄÓ¼ÀÓÎØ´ ½ÓÀÍÓΆÄÍӟÆÕÍÎÓ»Ö ÀͺÔÄÒÄÍÀØÏÎËÎƼÒÄÈϽÒÇÑÀÃÈÄͺÑÆÄÈÀ ļ×ÀÍÀÏÎÑÑÎÅ»ÒÄÈÎÈÒÓÑÀÓÈÕÓÈÊμÊÀӟÓÇ ÃȟÑÊÄÈÀÏÄÈÑÀ̟ÓÕÍÌÄÀÓÎÌÈÊ»ÄͺÑÆÄÈÀ Ç ÄÓÀÈÑļÀºÁÆÀËÄ˟ÃÈÓÎØÏÎØÑÆļÎÎѼÙÎÍÓÀÖ ½ÓÈÄ˟×ÈÒÓÎÈÁÄÓÄџÍÎÈÃÈÊÀÈοÍÓÀÍÀÏÎÙÇÌÈ ÐÒÄÈցÈÀÓÑμÏÎØÊÀÓºÔÄÒÀÍÀÑƽÓÄÑÀØϺÑ ÓÕÍÀÒÔÄÍÐÍûËÕÒÀͽÓÈÎÈÁÄÓÄџÍÎÈÒÓÄÑ» ÔÇÊÀÍŸÃÈÊÀÓÀÃÈÊÀÈÐÌÀӟÓÎØÖÄÉÀÈÓ¼ÀÖÓÕÍ ¦Ã½ËÈÕͧÏÑÀÊÓÈÊÐÍÄÊ̺ÑÎØÖÓÇÖ4"*$ v¸ÓÀÍÓÇÃÄÊÀÄÓ¼ÀÓÎØ´ÇÀÌÄÑÈÊÀÍÈÊ»£ØÔ ÌÈÒÓÈÊ»•ÏÈÓÑÎÏ»†ØÑÇÍÈÊÐÍ /3$ ÒØͺËÀÁÄ ÓÇÍÈúÀÌÈÀÖ¯ÀÍØϽÒÓÀÓÇÖ¯ÎÃÇƼÀÖÏÎØÔÀ ÊÀÔ½ÑÈÙÄÓÀ¦ÀÒÅÀË»§½ÑÈÀÑÀÃÈÄͺÑÆÄÈÀÖÆÈÀ ÓÎÍŸÍÔÑÕÏÎ ÀÒÅÀË»½ÑÈÀÑÀÃÈÄͺÑÆÄÈÀÖÃÄÍ ØϟÑ×ÎØÍ Ç/3$»ÔÄËÄÀÏËÐÖÍÀÏÀÑÀʟÌÂÄÈ ÓÇÍÄÏÈÊļÌÄÍÇÀÏÀƽÑÄØÒÇÓÇÖÀÍÀÊ¿ÊËÕÒÇÖ ÑÀÃÈÄÍÄÑÆÐÍØËÈÊÐÍÆÈÀÓÇÍÊÀÓÀÒÊÄØ»ÄÈÃÐÍ ÊÀÔÇÌÄÑÈÍ»Ö×Ñ»ÒÇÖ ÀͺÔÄÒÄÓκÑÆÎ ¿ÂÎØÖ ÄÊÀÓÎÌÌØѼÕÍÃÎËÀѼÕÍ ÒÓÇ4"*$¥Î½ÓÈÇ ÄÓÀÈÑļÀÏËÇÑÕͽÓÀÍÓÀØÓÎ×ѽÍÕÖÀϽÓÎ ÀÌÄÑÈÊÀÍÈʽØÏÎØÑÆļΕͺÑÆÄÈÀÖÆÈÀÍÀÀÍÀ ÊØÊËÐÒÄÈÄÊÀÓÎÍӟÃÄÖ×ÈËȟÃÄÖÓ½ÍÎØÖÑÀÃÈÄ ÍÄÑÆÐÍØËÈÊÐÍÒÓÇÍÏÄÑÈÎ×»ÓÎØ¥ÄÍÄÒ¼»ÑÔÄ ÒÓÇÍÄÏÈşÍÄÈÀÏÎË˟×ѽÍÈÀÀÑƽÓÄÑÀÀϽ ºÍÀÍÀÊÓÈÁÈÒÓ»ÃÈÊÇƽÑÎÓÇ֢؟ÒÈÆÊÓÎÍ¢¿ÓÄ ÀØÓ»ÇÃÈÀÏËÎÊ» ÕÒÓ½ÒÎ ÒӟÔÇÊÄÀÑÊÄÓ» ÆÈÀÍÀÄÉÎÒÓÑÀÊÈÒÓļÇ4"*$ÀϽÓÇÁÈÎÌÇ×ÀͼÀ ÏØÑÇÍÈÊÐÍÒÄÒØÍÄÑÆÀÒ¼ÀÌÄÓÇÍ#FDIUFMº×ÄÈ ÀÍÀ˟ÁÄÈÓÐÑÀÍÀÊÀÓÀÒÊÄ؟ÒÄÈÒÓÇ ÄÁŸÃÀ ÌÈÀ×ÕÌÀÓÄÑ»ÏØÑÇÍÈÊÐÍÀÏÎÁË»ÓÕÍ ÒÓÇÍ ÎÏμÀÓÀÔÀÍÀÓÇŽÑÀØËÈʟÔÀÏÀÑÀÌļÍÎØÍ ÄÍÄÑƟÆÈÀÓÎØ˟×ÈÒÓÎÍ×ѽÍÈÀ vŠÓÈÖÀÑ׺ÖÓÇÖÃÄÊÀÄÓ¼ÀÖÓÎØ´ ÀÉÈÕÌÀÓο ×ÎÈÓÇÖÀÌÄÑÈÊÀÍÈÊ»ÖÀÄÑÎÏÎѼÀÖÏÀÑÀÊÎËο ÔÇÒÀÍÓÇÍÏÀÑÎØÒ¼ÀÒÇÌÈÀÖËÄÏÓ»ÖÅÕÓÄÈÍ»Ö ÎÔ½ÍÇÖÇÎÏμÀÔÀ×ÑÇÒÈÌÎÏÎÈοÍÓÀÍÕÖØÏÄÑ Ò¿Æ×ÑÎÍÎÄÑÆÀËļÎÏËλÆÇÒÇÖÒÓÀÏÎËÄÌÈʟ ÀÄÑÎÒʟÅÇÓÕÍ—†™ÀÍļÖÓÎØÖ ÅØÒÈʟ  ÃÄÍÌÏÎÑοÒÄÍÀÅÀÍÓÀÒÓļ½ÓÈļ×ÀÍÌÏÑÎÒӟ ÓÎØÖºÍÀÀÏ˽ÊÀÈϟÌÅÔÇÍÎÁ¼ÍÓÄÎÆʺÈÌšÈÀ ÏÄÍÓÀÄÓ¼ÀÊÀȺÍÀÊÀϺËÎÏÎËËÐÍÄÊÀÓÎÌÌØ ѼÕÍÃÎËÀѼÕÍÌÄӟÓÎÀÑ×ÈʽÒØÌÁ½ËÀÈÎÓÎØ  Ç4"*$ÃÄÍļ×ÄÊÀÓÀźÑÄÈÍÀÀÍÀÏÓ¿ÉÄÈ ÓÇÍÀÏÀÈÓοÌÄÍÇÓÄ×ÍÎËÎƼÀ ļ×ÄÀÏÎË¿ÒÄÈ ÿÎØÏÀËË»ËÎØÖÏÎØÓ½ËÌÇÒÀÍÍÀÃÈÀÌÀÑÓØ ÑÇÔοÍÆÈÀÓÎÔºÌÀÊÀÈ ÏÀÑ´½Ë´ÀØӟ ÊÀӟÅÄ ÑÄÓÄËÈʟÍÀÓÇÆËÈÓÐÒÄÈÌĺÍÀÍÃÈÀÊÀÍÎÍÈÒ̽ ÃÎËÀѼÕÍ v¥Î ǪÏÇÑÄÒ¼À•ÔÍÈÊ»ÖÒşËÄÈÀÖÓÕÍ —† /4" ÀͺÔÄÒÄÒÓÇ4"*$ÓÇÍÊÀÓÀÒÊÄØ» ÄͽÖÒØÒÓ»ÌÀÓÎÖÏÎØÔÀÓÇÖÄϺÓÑÄÏÄÍÀÀÏÎ ÔÇÊÄ¿ÄÈ ÍÀÓÀÉÈÍÎÌļÊÀÈÍÀÄÑÌÇÍÄ¿ÄȽËÄÖÓÈÖ ÇËÄÊÓÑÎÍÈʺÖÒØÍÎÌÈ˼ÄÖÏÎØÏÀÑÀÊÎËÎØÔļ ÊÀÔÇÌÄÑÈ͟ ÀØÓ½ÏÎØ ÀÍÃÄÍÁÑÈÒʽÌÀÒÓÀÍ ÒÓÇÌÄÓÀÌÄÑÈÊ» ÔÀ×ÀÑÀÊÓÇѼÙÀÌÄÕÖ ËÎÆÈÒÌÈʽØÏÎÊËÎÏÐÍ —ÀÑ×ÈʻҿÌÁÀÒÇ ºÊÀÍÄ˽ÆÎÆÈÀʽÒÓÎÖÃÎËÀѼÕÍ

ÊÀÈÎѼÙÎÍÓÀÎËÎÊË»ÑÕÒÇÖÓÎØÖÌ»ÍÄÖ¥ºÒ ÒÄÑÀ×ѽÍÈÀÀÑƽÓÄÑÀÊÀÈÌÄʽÒÓÎÖϟÍÕÀϽ ºÍÀÃÈÒÃÎ˟ÑÈÀ Ç4"*$ÃÄÍļ×ÄÊÀÓÀźÑÄÈÍÀ ÏÀÑÀÃÐÒÄÈÓκÑÆίÆÄÆÎͽÖÏÎØ Ò¿ÌÅÕÍÀ ÌÄÃÇÌÎÒ¼ÄØÌÀÓÇÖ/FX:PSL1PTU ÃÄÍÓÇÍ ÄÌϽÃÈÒÄÍÀÒØÌÌÄӟÒ×ÄÈÒÓÎÍÄϽÌÄÍÎÃÈÀÆÕ ÍÈÒ̽ÓÇÖ/4"ÆÈÀÓÇͼÃÈÀÀ͟ÔÄÒÇÊÀȨÍÀÓÎÍ ÊÄÑüÒÄÈ v¥Î ΚŸÈÊˁÎØÍÓ˼ ÏÑÐÇÍÒÓºËÄ×ÎÖ ÓÇÖ4"*$ ÊÀÓ»ÆÆÄÈËÄÓÇÍÄÓÀÈÑļÀÆÈÀØÏÄÑ ×ѺÕÒÇÓÇÖÊØÁºÑÍÇÒÇÖÊÀӟÒĺÍÀºÑÆÎ ÏÎØÄϺÁËÄÏÄμÃÈÎÖÓÎÍÊÀÔÀÑÈÒ̽ÌÎËØÒ̺ ÍÕÍÏÄÑÈÎ×ÐÍÒÓÇÍÀÄÑÎÏÎÑÈÊ»ÁŸÒÇ™ºËÈ ÒÓÎ ŠÀ͏ÍÓ½ÍÈÎÓÕÍ—†¸ÓÀÍÁѺÔÇÊÄÄÍÐÏÈÎÍ ÓÇÖÎÌÎÒÏÎÍÃÈÀÊ»ÖÃÈÊÀÈÎÒ¿ÍÇÖ ÇÄÓÀÈÑļÀ ÀϟÍÓÇÒÄÌÄÔџÒÎÖÍÀÈ ļ×ÄÅÎØÒÊÐÒÄÈÓÎÍ ÏÑÎÛÏÎËÎÆÈÒ̽ÆÈÀÍÀÀÍÓÈÒÓÀÔ̼ÒÄÈÓÎÍʼÍ ÃØÍÎÏÎØÒØÍÄÏÀƽÓÀÍÇÀ͟ËÇÂÇÓÎغÑÆÎØ ™ÀÍļÖÏÎÓºÃÄͺÌÀÔÄÀÍÓÇͼÃÈÀÏÑÀÊÓÈÊ» ÀÊÎËÎØÔοÒÄÒÄʟÔÄ̼ÀÀϽÓÈÖ×ÈËȟÃÄÖ ÒØÌÁŸÒÄÈÖÓÇÖÌÄÓ΂Ç̽ÒÈÎ ÊÈÀØÓ½ÆÈÀÓ¼ ÓÎØÏÎØÑÆļ΂ÈÊÀÈÎÒ¿ÍÇÖÀÏÎşÒÈÒÄÍÀÌÇ ÃÐÒÄÈÒØͺ×ÄÈÀ  ÒÓÇÍØϽÔÄÒÇ¥Î͏ÏѼ ËÈÎÓÎØ ÎşÊÄËÎÖºÊËÄÈÒÄÆÈÀÓÇ4"*$ ÌĺÍÀÍÀʽÌÇÃÈÀÊÀÍÎÍÈÒ̽ÓÕÍ ÃÎËÀѼÕÍ¥ÀѼÅÀ¨

–ÇÓļÓÀÈÓÈÌÕÑ½Ö ‚ÄÍ»ÓÀÍ ÅØÒÈʟ ÇÏÑÐÓÇ οÓÄÇÌÎÍÀÃÈÊ» ÅÎџ•ÃÐÊÀÈ×ѽÍÈÀ ÏÀџÓÀÒÓÑÀÁÎÏÀÓ»ÌÀ ӟÓÇÖ Ç4"*$Á˺ÏÄÈÓÇÿÍÀÌ»ÓÇÖÒØÍÄ×ÐÖ ÍÀÌÄÆÀËÐÍÄÈ ÀÍÄÏÇѺÀÒÓÇÀϽÎÈÊÎÍÎÌÈʟ ÒÊÀÌÏÀÍÄÁŸÒÌÀÓÀÊÀÈÏÎËÈÓÈʺÖÀËËÀƺÖ¢È ˽ÆÎÈÆÈÀÓÎØÖÎÏμÎØÖÁѼÒÊÄÓÀÈÒÓÎÀÏØѽ ÁËÇÓÎÒØÍúÎÍÓÀÈŸÌÄÒÀÌÄÓÇÍÄÒÕÓÄÑÈÊ»ÓÇÖ ÎÑƟÍÕÒÇ ÏÎØÄÏÈÁÑÀÁÄ¿ÄÈÓÀÒÓÄ˺×ÇÓÇÖ ÌĺÍÀÆÄѽÌÄѼÃÈÎÀϽÓÈÖÌÄÓÎ׺ÖÓÇÖšÄÓÀ ×ѽÍÈÀÊÀÈÌÄÓÎÒÇÌÀÍÓÈʽÎÈÊÎÍÎÌÈʽ¦ÊÀѽ


ÅοÌÀÖ ÏÀÑÀÊÎËÎØÔοÍ ÀØÓμ ÀÖÓÎØÖ ÏÀÑÀÊÎËÎØÔ»ÒÎØ ÌÄÊÈÄÌļÖ ¥ÎÀÑ×ÇÆļÎÓÇÖ 4"*$ÒÓΊÀÍ ÓȺÆÊÎ ½ÏÕÖ ÅÀ¼ÍÄÓÀÈÀϽ ÃÎÑØÅÎÑÈÊ» ÅÕÓÎÆÑÀżÀ

†ÄÑÈÒÓÑÄŽÌÄÍÄÖ†½ÑÓÄÖ

†ÇÆ» (PPHMF&BSUI

£½ÌÏÄÑӁʺÈÓÖ ØÏÎØÑƽÖ¬ÌØÍÀÖØϽ ÓÎÍ¥ÙÎÑÓÙšÏÎØÖ ÏÑÐÇÍ̺ËÎÖÓÎØ ‚ŠÓÇÖ4"*$

•ÈʽÍÀÀϽ ÀÔÇÍÀÚʽ ÌÏÀËʽÍȽÏÕÖ ÔÀÓÇÌÄÓºÃÈÃÄ ÓΖºÏÄËÈÍ ÒÓÎØÖ ¢ËØÌÏÈÀÊοÖ ÓÇ֏ԻÍÀÖ ̺ÒÕÓÎØ$*

ÓΧ ÎšÏŸÈÒÓÄÑÊÀӟÅÄÑÄÍÀÄÏÀÍÃÑÐÒÄÈÓÀ ÀÍÐÓÄÑÀÊËÈ̟ÊÈÀÓÇÖÄÓÀÈÑļÀÖÌÄÏÑÐÇÍ ÒÓÑÀÓÇÆÎ¿Ö ÃÈÏËÕ̟ÓÄÖ ÊÀÓÀÒʽÏÎØÖÊÀÈ ÀÉÈÕÌÀÓο×ÎØÖØÏÎØÑÆļÕÍ ÎÈÎÏμÎȺ×ÎØÍ Ä¿ÊÎËÇÏѽÒÁÀÒÇÒÓÈÖØÏÇÑÄÒ¼ÄÖÏÎØŸÅÇÒÀÍ ϼÒÕÓÎØÖ ÄÍÐļÍÀÈÏÎË¿ÏÈÔÀͽ ʟÏÎÈÀ̺ÑÀ  ÍÀÄÏÈÒÓѺÂÎØÍÒÓÇÍÊØÁºÑÍÇÒÇ —ÏÑÀÊÓÈÊ»ÀØÓ» ÓÇÖ¦ÏÄÑÈÒÓÑÄŽÌÄÍÇÖϽÑ ÓÀÖ§ ½ÏÕÖÎÍÎ̟ÙÄÓÀÈ »ÓÀÍÏÎØÎûÆÇÒÄÓÎ ÑÀÅļΙØÁÄÑÍÇÓÈʻւÈÀşÍÄÈÀÖ ("0 ÓÕÍ —†ÍÀÒÇ̟ÍÄÈÓÎÍÊÐÃÕÍÀÓÎØÊÈÍÿÍÎØ ÒĺÊÔÄÒ»ÓÎØ ÓÎÍšŸÈÎÓÎØ ÓÎ("0

šÏ¼ÙÍÄÖÒÓÎ˜ÑŸÊ ¸ÒÎÈÆÍÕѼÙÎØÍÊÀ˟ÓÇ4"*$ÀÒÓÄÈÄ¿ÎÍÓÀÈ ÊÀÌȟÅÎџ½ÓÈÌÄÓ½ÒÎØÖÒÓÑÀÓÈÕÓÈÊοÖ ÒÓÎÌÈÒÔÎ˽ÆȽÓÇÖ ÇÄÓÀÈÑļÀÔÀÌÏÎÑο ÒÄÍ´ÀÑ×¼ÒÄÈÃÈʽÓÇÖϽËÄÌÎ¥ÀÒÓÎÈ×ļÀ Ãļ×ÍÎØͽÓÈÒÓÇÍÏÄѼÏÓÕÒÇÓÎؘџʼÒÕÖ ÊÀÈÍÀÓκÊÀÍďϽÓÎ ÒÓÄ˺×ÇÓÇÖ ÄÓÀÈÑļÀÖØÏÎÒÓ»ÑÈÙÀÍÌÄʟÔÄ̺ÒÎÓÇÍ ¿ÏÀÑÉǽÏËÕÍÌÀÙÈÊ»ÖÊÀÓÀÒÓÑÎÅ»ÖÒÓÎ ˜ÑŸÊÊÀÈÓÎÍϽËÄÌÎÕÖÓÎÍ̽ÍÎÓѽÏÎ ÆÈÀÓÇÍÄɟËÄÈ»ÓÎØÖ—ÄÏÈÌÎÍ»ÓÎØÖ ÀÍÓÀÌļÅÔÇÊÄÏÑÈÍÀʽÌÇÀϽÓÎÉÄʼÍÇÌÀ ÓÎØÏÎ˺ÌÎØ Ç4"*$ÀͺËÀÁÄ ×ÕѼÖÃÈÀ ÆÕÍÈÒ̽ ÊÑÀÓÈʟºÑÆÀÆÈÀÓÎ˜ÑŸÊ ÀɼÀÖ ÏÄѼÏÎØÃÎËÀѼÕÍ™ÀȽÓÀÍ ÀÏÎÃļ×ÓÇÊÄϺÑÀÍϟÒÇÖÀÌÅÈÁÎ˼ÀÖ½ÓÈ ½ÏËÀÌÀÙÈÊ»ÖÊÀÓÀÒÓÑÎÅ»ÖÃÄÍØÏ»Ñ×ÀÍ  ÓÀÒÓÄ˺×ÇÓÇÖ4"*$ÏÑÕÓÎÒӟÓÇÒÀÍ ÒÓÇÍÄÏÈÓÑÎÏ»ÏÎØÒØÆʟËÄÒÄÎÏѽÄÃÑÎÖ šÏÎØÖÆÈÀÍÀÄÑÄØÍ»ÒÄÈÏÐÖÒÓÎÊÀ˽Ç ÀÌÄÑÈÊÀÍÈÊ»ÀÍÓÈÊÀÓÀÒÊÎϼÀºÏÄÒÄÓ½ÒÎ ºÉÕÒÓÈÖÄÊÓÈÌ»ÒÄÈÖÓÇÖ

ÀÍÀźÑÄȽÓȦÓÎ ÎÈÈÃÈÕÓÈʺÖÄÓÀÈÑļÄÖ ØÏÇÑÄÒÈÐÍÀÒÅÀËļÀÖ ½ÏÕÖÇ4"*$ ÀÏÀÒ×Î ËοÒÀÍÀϽÓÎØÖÒÓÑÀÓÈÕÓÈ ÊοÖ»ÏÎËÈÓÈÊοÖØÏÀËË»ËÎØÖÏÎØļ×ÀÍÅ¿ÆÄÈ ÀϽÓÎØÏÎØÑÆļάÌØÍÀÖÀϽÓΧÏ½ ÓÎ̺×ÑÈÓÎ ÒÓÇ4"*$ļ×ÀÍÄÑÆÀ ÒÓļ ÒÄÒÇÌÀÍÓÈʺÖÔºÒÄÈÖ ÓÎØ˟×ÈÒÓÎÍ ÏÑÐÇÍØÂÇ˽ÁÀÔÌÎÈÃÇ̽ÒÈÎÈØϟËËÇËÎÈ‚ÄÍ ļÍÀÈŸËËÕÒÓÄÓØ×À¼Î ˺ÍÄÎÈÃÇÌÎÒÈÎÆџÅÎÈ šÏŸÑËÄÓÊÀÈŠÓÈË ½ÓÈÓÀÆÑÀÅļÀÓÇÖÄÓÀÈÑļÀÖ ÒÓÇ͢؟ÒÈÆÊÓÎÍÁѼÒÊÎÍÓÀÈÏÎË¿ÊÎÍӟÒÓÀ ÊÄÍÓÑÈʟÓÇÖ$*"ÊÀȽÓÈÏÄÑÈÒÒ½ÓÄÑÎÈÀϽ ÓÎØÖÌÈÒοÖØÏÀËË»ËÎØÖÓÇÖÃÈÀÔºÓÎØÍŸÃÄÈÀ ÀϽÓÇÍÊØÁºÑÍÇÒÇÍÀ×ÄÈѼÙÎÍÓÀÈÀϽÑÑÇÓÀ ºÆÆÑÀÅÀ

7$' ½ÏÕÖ$* ·ÒÕÖÊÀͺÍÀÀϽÓÀÒʟÍÃÀËÀÒÓÀÎÏμÀº×ÄÈ ÄÌÏËÀÊļÇ4DJFODF"QQMJDBUJPOT*OUFSOBUJPOBM $PSQPSBUJPOÍÀÌÇÔØ̼ÙÄÈÓÇÍÏÄѼÏÓÕÒÇÓÇÖ •Ë˟ÃÀÖ½ÒÎÓÎÅȟÒÊÎÓÎØ7$' ÓÎØÒØÒÓ»ÌÀ ÓÎÖÓÕÍÃÎËÀѼÕÍ ÏÎØÔÀºÁÀÙÄ ÓÎ'#*ÒÓÎÍÎÀÈÐÍÀ ÀÍÓÈÊÀÔÈÒÓÐÍÓÀÖÓ½ÍÎØÖ ×ÀÑÓÈοÊÀÈÀÏÀÑ×ÀÈÕ̺ÍÀËÄÈÓÎØÑÆÈʟÒØÒÓ» ÌÀÓÀ¯ÀÍÅØÒÈʟÇ4"*$ļ×ÄÊÀÓÀźÑÄÈÍÀÓÎ ÎËÎÊËÇÑÐÒÄÈ Š¿ÌÅÕÍÀÌÄÓÇ8BTIJOHUPO1PTU ÇÄÓÀÈÑļÀ ϼÄÒÄÓÎ'#*ÍÀÀÏÎÊ˼ÍÄÈÀϽÓÇÍÀÑ×ÈÊ»  ÌÄÓÑÈÎÏÀÔ» Ò¿ÌÁÀÒÇÀÍÀÁŸÔÌÈÒÇÖÓÎØ»ÃÇ ØϟÑ×ÎÍÓÎÖÒØÒÓ»ÌÀÓÎÖÊÀÈÍÀÓÇÖÀÍÀÔºÒÄÈ ÓÇÍÄÉÎËÎÊË»ÑÎØÊÀÓÀÒÊÄØ»ÄͽÖͺÎإΠ ºÍÀÍÌ»ÍÀÏÑÈÍÀϽÓÇÍÀÍÀÌÄͽÌÄÍÇ ÏÀџÃÎÒ»ÓÎØ ÓÎÊÄÍÓÑÈʽÏѽÆÑÀÌÌÀÓÎØ 7$'ÀÍÓÈÌÄÓÐÏÈÙÄÀʽÌÇÁÀÒÈʟÏÑÎÁË»ÌÀÓÀ  ÓÀÎÏμÀÇ4"*$ÃÄÍÌÏÎÑοÒÄÍÀÄÏÈË¿ÒÄÈ ­ÍÀÍ×ѽÍÎÀÑƽÓÄÑÀ ļ×ÄÏÄÓÀ×ÓļÎÑÈÒÓÈʟ Ï˺ÎÍÒÓÎÊÀ˟ÔÈÓÕÍÀ×Ñ»ÒÓÕͥΠÇ

¥ÙÎÍš Ó½ÈÓÖ ØÅØÏÎØÑƽ֕ͺÑÆÄÈÀÖ ØϽÓÎÍ¥Ù¼ÌÈ™ŸÑÓÄÑ ÃÈÄØÔØÍÓ»ÖÓÇÖ $*"ØϽÓÎÍšÏÈ˙˼ÍÓÎÍ ÒÓºËÄ×ÎÖ ÓÇÖ4"*$ 8BTIJOHUPO1PTUÃÇÌÎÒ¼ÄØÒĺÍÀÀÍÄɟÑÓÇÓÎ ϽÑÈÒÌÀ Ò¿ÌÅÕÍÀÌÄÓÎÎÏμÎÓÎÒ¿ÒÓÇÌÀ ÏÎØÏÀѺÃÕÒÄÓÄËÈʟÇÄÓÀÈÑļÀ¦»ÓÀÍÀÓÄ輅  ÀÍÄÏÀÑʺÖÊÀÈÓ½ÒÎÊÀÊÎÒ×ÄÃÈÀÒ̺ÍÎ ÏÎØ ÃÄÍÔÀÌÏÎÑοÒÄÍÀ×ÑÇÒÈÌÎÏÎÈÇÔļʟÓÕÀϽ ÏÑÀÆÌÀÓÈʺÖÒØÍÔ»ÊÄÖ§ Ï½ÓÇÍÏËÄØџÓÇÖ Ç4"*$ÈÒ×ØѼÒÓÇÊĽÓÈÆÈÀ ÓÎÍÀ؟ÆÈÎÓÎØ7$'ºÅÓÀÈÆÄÓÎ'#*ÏÎØÃÄÍļ×Ä ÊÀÔÎÃÇÆ»ÒÄÈÊÀӟËËÇËÀÓÎØÖØÏÄ¿ÔØÍÎØÖÆÈÀ ÓκÑÆίÌÈÀÏÑÀÊÓÈÊ»ÄϼÑÑÈÂÇÖÄØÔØÍÐÍÏÎØ ÇÄÓÀÈÑļÀº×ÄÈ×ÑÇÒÈÌÎÏÎÈ»ÒÄÈÄÏÀÍÄÈËÇÌ̺ ÍÕÖÓ½ÒÎÒÓÇÍ•Ë˟ÃÀ ¦ÇÄËËÇÍÈÊ»ÊØÁºÑÍÇÒÇ ļÍÀÈÒÄÏË»ÑÇÀÃØÍÀ̼ÀÍÀÃÎÊÈ̟ÒÄÈÊÀÈÍÀ ÏÀÑÀ˟ÁÄÈÓÎÒ¿ÒÓÇÌÀ§<†ÎÍÓ¼ÊÈ >  ½ÒÎÊÀÈÒÓÇ͏ÌÄÑÈÊ»¥Î ÓÎ'#*ÀͺÔÄ ÒÄÓÇÍÊÀÓÀÒÊÄØ»ÄͽÖÒØÒÓ»ÌÀÓÎÖÆÈÀÓÇÍ ÀÍÓÈÊÀӟÒÓÀÒÇÓÎØ7$'ÒÓÇÍ ÀÍÓÀÆÕÍÈÒÓÈÊ» ÓÇÖ4"*$ -PDLIFFE.BSUJO¥ÎÒ¿ÒÓÇÌÀÀÍÀ ̺ÍÄÓÀÈÍÀÏÀÑÀÃÎÔļ̺ÒÀÒÓÎÊÀÈ ̺×ÑÈ ÒÓÈÆÌ»Ö ÇÄÓÀÈÑļÀÃļ×ÍÄÈÍÀÁѼÒÊÄÓÀÈÄÍÓ½Ö ÓÎØÏÑÎÆÑÀÌÌÀÓÈÒÌοÊÀÈÓÎØÏÑÎÛÏÎËÎÆÈ ÒÌοÓÇÖ ¥Î'#*ÃÄÍÏ»ÑÄÏÎÓºϼÒÕÓÀ×Ñ»ÌÀÓÀÏÎØ ÏË»ÑÕÒÄÆÈÀÓÎÄÉÀÑ×»ÖŸ×ÑÇÒÓÎ7$'ÓÎØ ¯ÆÄÆÎͽÖÏÎغÊÀÍÄÓÎØ֚ϟÑËÄÓÊÀÈŠÓÈËÍÀ ÀÍÀÅÄÑÔοÍÌÄÔÀØÌÀÒ̽ÒÓÇÍÏÄѼÏÓÕÒÇÓÇÖ •Ë˟ÃÀÖ¦‚ÄÍļÍÀȽËÎÈÎÈÏÄ˟ÓÄÖÓÇÖ4"*$ Ó½ÒÎÀÍÄÊÓÈÊμ½ÒÎÇÊØÁºÑÍÇÒÇÓÕÍ—† ¸ÓÀÍÇ4"*$ÀϺÓØ×ÄÍÀÏÀÑÀÃÐÒÄȺÍÀÏÎËØÃÈ ÀÅÇÌÈÒ̺ÍÎÒ¿ÒÓÇÌÀÀÒÅÀËļÀÖÆÈÀÓÎØÖ¢ËØ ÌÏÈÀÊοÖÓÎØÒÓÇ͏ԻÍÀ ÇÄËËÇÍÈÊ» ÊØÁºÑÍÇÒÇÀÑÍ»ÔÇÊÄÍÀÓÇÍÄÉÎÅË»ÒÄȧØÓ½  ½ÌÕÖ »ÓÀÍÓΊ»ÌÄÑÀ ÓѼÀ×ѽÍÈÀÌÄӟ ÊÀÈÌÄÑÈʺÖÄÁÃÎ̟ÃÄÖÏÑÈÍÀϽÓÇÍÓÄËÈÊ» ÄɽÅËÇÒÇÓÎØ$* Ì»ÏÕÖÎÈÃÄÍÒÇÊÐÍÎØÌÄ Ì¿ÆÀÒÓÎÒÏÀÔ¼ÌÀÖ­ËËÇÍÄÖÄÓÎÈÌÀÙ½ÌÀÒÓÄ ÍÀÏÀÑÀ˟ÁÎØÌÄÓÎÏÈÎÀÊÑÈÁ½ÒÊÎØϼÃÈÏÎØ ÏοËÇÒÄÏÎÓºÄÓÀÈÑļÀ

šÏ½ÌÏÈ£ºÈ·ÍÌÀÍ ÏÑÐÇÍÃÈÄØÔØÍÓ»Ö ÓÇÖ/4" ØÏÎÃÈÄØÔØÍÓ»ÖÓÇÖ$*" ØÏÎ ÃÈÄØÔØÍÓ»ÖÓÇÖªÏÇÑÄÒ¼ÀÖ†ËÇÑÎÅÎÑÈ ÐͬÌØÍÀÖ %*" ÒÓºËÄ×ÎÖÓÇÖ4"*$

ÎؼËÈÀÌšÏËÀÊ ÒÓºËÄ×ÎÖÓÇÖ/4"  ÏÑÐÇÍÀÍÓÈÏѽÄÃÑÎÖÓÇÖ4"*$

š¬«®£¤£Þ$IL?>I




£•†¢£ ¥–

¢ÈÏџÒÈÍÄÖÄÏÄÍÿÒÄÈÖ »ÓÀͨÊÀӟÌÀØÑÄÖ •ÏÄÍÿÒÄÈÖÓÇÖ•ØÑÕÏÀÚʻ֕ÏÄÍÃØÓÈʻ֥џÏÄÙÀÖ •˜” ÒÓÇ͏ÅÑÈÊ» ÏÑÎÖ½ÅÄËÎÖ ¯ØÏÎÓ¼ÔÄÓÀȯÓÇÖÀ͟ÏÓØÉÇÖÊÀÈÓÎØÏÄÑÈÁŸËËÎÍÓÎÖ ÀÏÎÃÄÈÊÍ¿ÄÓÀÈÄÊÓÕÍØÒÓºÑÕÍ ½ÓÈźÑÍÎØÍÓÀÀÊÑÈÁÐÖÀÍÓ¼ÔÄÓÀÀÏÎÓÄ˺ÒÌÀÓÀ ¥Î؏ ¥ž —«¥–—

—

•˜” Ç•ØÑÕÏÀÚÊ» •ÏÄÍÃØÓÈÊ»¥ÑŸÏÄÙÀ ÏÎØ º×ÄȺÃÑÀÓ΄ÎØÉÄÌÁοÑÆÎ  üÍÄÈʟÔÄ×ѽÍÎÃÈÒÄØÑÐÒÄ ÏÑÎÆџÌÌÀÓÀÆÈÀÓÇÍÀ͟ÏÓØÉÇÊÀÈ ÓÎÏÄÑÈÁŸËËÎÍžÒÓ½ÒÎ ÇÏÄÑÈÁÀË ËÎÍÓÈÊ»ÎÑƟÍÕÒÇ'SJFOETPGUIF &BSUI ›¼ËÎÈÓÇցÇÖ ÒÓÇÑÈÙ½ÌÄÍÇ ÒÄÒÄÈџÀÉȽÏÈÒÓÕÍÒÓÎÈ×ļÕÍÏÎØ ÒØͺËÄÉÄÒÄÃÈÄÔÍ»Ê˼ÌÀÊÀ ÀÏÎ ÃÄÈÊÍ¿ÄȽÓÈÇÓџÏÄÙÀÄÌÏ˺ÊÄÓÀÈ ÒÄÏÑÎÆџÌÌÀÓÀÏÎØοÓÄÒÓÇÍ À͟ÏÓØÉÇÒØÌÁŸËËÎØÍοÓÄÒÓÇÍ ÏÑÎÒÓÀÒ¼ÀÓÎØÏÄÑÈÁŸËËÎÍÓÎÖ ÍÓÈÔºÓÕÖ ÄÍÓļÍÎØÍÓÇÍÊÎÈÍÕÍÈÊ» ÀÒӟÔÄÈÀÊÀÈÓÇÍÊÀÓÀÒÓÑÎÅ»ÓÎØ ÏÄÑÈÁŸËËÎÍÓÎÖ¦—•ØÑÐÏÇÔÀºÏÑÄ ÏÄÍÀÒºÁÄÓÀÈÓÀÃÈÊÀÈÐÌÀÓÀÏÎØÇ ¼ÃÈÀÃÈÀÊÇÑ¿ÒÒÄȧ ûËÕÒÄÄÊÏѽ ÒÕÏÎÖÓÎØÍÈÆÇÑÈÀÍοÏÀÑÀÑÓ»ÌÀ ÓÎÖÓÇÖÎÑƟÍÕÒÇÖ š¼ÀÀϽÓÈÖÌÄÆÀË¿ÓÄÑÄÖÄÏÄÍÿÒÄÈÖ ÓÇÖ•˜”»ÓÀÍÇÊÀÓÀÒÊÄØ»ÀÆÕÆο ÏÄÓÑÄËÀ¼ÎØÏÎØÃȺÑ×ÄÓÀÈÀϽÓÎ ¥ÒÀÍÓÊÀÈÓΙÀÌÄÑοͥΠ ÇÓџÏÄÙÀÄÏÈýÓÇÒÄÓκÑÆÎÌÄ ÄØÑЊÓÎÍÀÏÎËÎÆÈ Ò̽ÓÎØ ÕÒÓ½ÒÎ ÄÏÈÒÇÌÀ¼ÍÎÍÓÀÈ ÏÎË˺ÖÀÑÍÇÓÈʺÖÒØͺÏÄÈÄ֏Ͻ ÄÊÓÄÓÀ̺ÍÄÖÏÄÑÈÎ׺ÖÀÏÎÌÀÊÑ¿Í ÔÇÊÀÍÌÈÊÑÎÊÀËËÈÄÑÆÇÓºÖ×ÕѼÖÍÀ ÀÏÎÙÇÌÈÕÔο͆ÎË˟ÏÎӟÌÈÀÊÀÈ ÏÇƺÖÌÎË¿ÍÔÇÊÀÍ ÄÍÐÎÈʟÓÎÈÊÎÈ ÀÍÓÈÌÄÓÕϼÙÎØÍÏÑÎÁË»ÌÀÓÀØÆļÀÖ ÀϽÓ½ÓÄÏÎØÇ&YYPO.PCJMÀͺËÀ ÁÄÓÇÃÈÀʼÍÇÒÇÓÎØÏÄÓÑÄËÀ¼ÎØ —¥ÄѺÙšÄʽÌÏ ÀϽÓÎÍŠ¿ËËÎÆÎ ØÍÀÈÊÐÍ‚ÈÊÇƽÑÕÍÓÎØ¥ÒÀÍÓ  ÊÀÓÀÆƺËËÄȽÓÈÇÄÏÈýÓÇÒÇÆÈÀ ÓκÑÆÎ×ÑÇÒÈÌÎÏÎÈ»ÔÇÊÄÀϽÓÎÍ ÏѽÄÃÑÎÓÇÖ×ÐÑÀÖ˜ÍÓ¼ ÓÄÌϼÆÈÀ ÒÓÑÀÓÈÕÓÈÊοÖÒÊÎÏοÖ¢ ÓÄÌϼ  ŸËËÕÒÓÄ º×ÄÈÊÀÓÇÆÎÑÇÔļÊÀÈÆÈÀ ÓÇÍÀ͟ÌÄÈÉ»ÓÎØÒÓÈÖÀÈÌÀÓÇѺÖ ÒØÆÊÑοÒÄÈÖÒÓΠÓÀÑÅοѦ¥ÇÍ Ç̺ÑÀÓÇÖÄÔÍÈÊ»ÖÌÀÖÄÎÑÓ»Ö  ÇÊØÁºÑÍÇÒÇÄϺÃÄÈÉÄÌÄØÏÄÑÇ şÍÄÈÀÓÈÖÒÓÑÀÓÈÕÓÈʺÖÌÇ×ÀͺÖ ÓÇÖ‚ÄÍ»ÓÀÍÀØÓ½ÏÎØÏÄѼÌÄÍÄÎ ËÀ½ÖÀϽÓÀ×Ñ»ÌÀÓÀÆÈÀÓÎÍÀÆÕƽ ÏÄÓÑÄËÀ¼Î؆ÄѼÌÄÍĺÑÆÀÀ͟ÏÓØ ÉÇÖ ÆÈÀÍÀÌÏÎѺÒÄÈÍÀÁÆÄÈÀϽ ÓÇÍÀÏÄËÏÈÒÓÈÊ»ÅÓÐ×ÄÈÀ§ ûËÕÒÄ Ç¥ÄѺÙšÄʽÌÏÒÄÒØͺÃÑÈÎÏÎØ ºÆÈÍÄÒÓΔºËÆÈÎÌÄÔºÌÀÓÈÖÃџÒÄÈÖ ÓÇÖ•˜” ¬ËËÎÏѽÆÑÀÌÌÀÒÓÎÎÏμÎļÍÀÈ ÀÍÀÌÄÌÄÈÆ̺ÍÇÇ•˜”ļÍÀÈÇÊÀÓÀ ÒÊÄØ»ÄͽÖÀÆÕÆοÅØÒÈÊοÀÄѼÎØ ÒÓÇ‚ØÓÈÊ»ÅÑÈÊ» ÏÎØÄÊÓļÍÄÓÀÈ ÀϽÓ΂ºËÓÀÓÇÖ ÈÆÇѼÀÖ̺×ÑÈ ÓḈʟÍÀ—ÊØÁºÑÍÇÒÇÓÇցʟÍÀÖ

ÄÈÒºÏÑÀÉÄÓÎÍ‚ÄʺÌÁÑÈÎÓÎØ ÀϽÓÇÍ•˜”ÄØÑХΠºÑÆÎÏÑÎÒ»ËÊØÒÄÄÓÀÈÑļÄÖ½ÏÕÖ Ç4IFMM Ç$IFWSPO Ç5FYBDPÊÀÈ Ç/JHFSJBO/BUJPOBM1FUSPMFVN Ç ÊÑÀÓÈÊ»ÄÓÀÈÑļÀÏÄÓÑÄËÀ¼ÎØÓÇÖ ÈÆÇѼÀÖ ‚ÐÃÄÊÀÊÎÈͽÓÇÓÄÖÒÓÇ  ÈÆÇѼÀÊÀÓ»ÆÆÄÈËÀͽÓÈÎÀÆÕƽÖ ÔÀº×ÄÈÊÀÓÀÒÓÑÎÅÈʺÖÒØͺÏÄÈÄÖ ÆÈÀÓÎÏÄÑÈÁŸËËÎÍ ÄÍÐÊÀÈÇÄÏÈ ÔÄÐÑÇÒÇÏÎØÏÑÀÆÌÀÓÎÏμÇÒÄÇ †ÀÆʽÒÌÈÀ¥ÑŸÏÄÙÀϺÑÒÈÊÀÓºËÇÉÄ ÒÓÎÒØÌϺÑÀÒÌÀ½ÓÈÎÈÄÏÈÏÓÐÒÄÈÖ ÒÓÈÖÄÍ˽ÆÕÊÎÈͽÓÇÓÄÖÃÄÍļ×ÀÍ ÒØÌÏÄÑÈËÇÅÔļÒÓÇÌÄ˺ÓÇÓÎØ

ÌÀÄɽÑØÉÇÖ5FOLF'VOHVSVNF ÒÓÇ„ÀÚÊ»‚ÇÌÎÊÑÀÓ¼ÀÓÎØ™ÎÍÆʽ  ÆÈÀÓÎÎÏμÎÓÎ×ÎÑÇÆ»ÔÇÊÄ ßÍÄÈοÂÎØÖÄØÑÐ Ï½ÓÇÍÄɽÑØÉÇÀÍÓËοÍÓÀÈÏÑÐÓÄÖ ¿ËÄÖÏÎØÌÄÓÀÉ¿ŸËËÕÍ×ÑÇÒÈÌÎÏÎÈ οÍÓÀÈÃÈÄÔÍÐÖÒÓÇÍÊÈÍÇÓ»ÓÇËÄ ÅÕͼÀŠØÍÄÏļÀ½ÌÕÖÓÕÍÄÑÆÀÒÈÐÍ  ½ÏÕÖÊÀÓÀÆƺËËÎØÍÎÑÆÀÍÐÒÄÈÖÆÈÀ ÓÀÀÍÔÑÐÏÈÍÀÃÈÊÀÈÐÌÀÓÀ ÄÊÀÓÎ ÍӟÃÄÖÎÈÊÎƺÍÄÈÄÖÀÍÀÆʟÒÓÇÊÀÍ ÍÀÄÆÊÀÓÀËļÂÎØÍÓÀÒϼÓÈÀÓÎØÖ  ÄÍÐÊÀÈÎÈÒØÍÔ»ÊÄÖÄÑÆÀÒ¼ÀÖļÍÀÈ ÀÏÀџÃÄÊÓÄÖ¦‚ÄÍÓÇÑοÍÓÀÈοÓÄ ÎÈÒÓÎÈ×ÄÈÐÃÄÈÖ½ÑÎÈÀÒÅÀËļÀÖÒÓÀ

—ÈÄÑ»šºÊÊÀ ÀÍÀÊÀÈͼÙÄÓÀÈ šÄƟËÇÒØÙ»ÓÇÒǺ×ÄÈÉÄÒϟÒÄÈÒÓÇŠÀÎØÃÈÊ»ÑÀÁ¼À ˽ÆÕÓÇÖÄÌÏËÎÊ»ÖÃØÓÈÊÐÍÀÑ×ÈÓÄÊÓ½ÍÕÍÒÓÎÍÃÈÄÔÍ» ÃÈÀÆÕÍÈÒ̽ÆÈÀÓÇÍÄϺÊÓÀÒÇÓÎØÓÙÀÌÈοË«ÀџÌ

™

ºÑÆÎضÓÀͽÌÕÖÏ˺ÎÍÀÑƟ ÊÓÈÁÈÒÓºÖÆÈÀÓÎÏÄÑÈÁŸËËÎÍÊÀÓÀÆ ƺËËÎØͽÓÈÓÀÏÑÎÆџÌÌÀÓÀÏÎØ ÀÅÎÑοÍÓÀÊÀ¿ÒÈÌÀºÑ×ÎÍÓÀÈÒÄ ÏË»ÑÇÀÍÓ¼ÔÄÒÇÌÄÓÎØÖÒÓ½×ÎØÖ ÏÎØÄÉÀÆƺËËÄÈÇ••ÆÈÀÓÈÖÊËÈ ÌÀÓÎËÎÆÈʺÖÀËËÀƺÖŠ¿ÌÅÕÍÀÌÄ ÓÎØÖ'SJFOETPGUIF&BSUI ÎÈÄØÑÕ ÏÀÚʺÖÄÓÀÈÑļÄÖÄÏÄÍÿÎØÍÒÓÇÍ ÅÑÈÊ»̽ÍÎÆÈÀÍÀÀÏÀËËÀÆοÍÀϽ ÓÇÍÄɟÑÓÇÒÇÒÄÊÀ¿ÒÈÌÀÀϽÓÇ šºÒǏÍÀÓÎË»ÊÀÈÓÇ£ÕÒ¼ÀÊÀÈÆÈÀ ÍÀÀÍÓÀÆÕÍÈÒÓοÍÓÇÍ™¼ÍÀÏÎØÄϼ ÒÇÖÄÏÄÍÿÄÈÒÓÇ͏ÅÑÈÊ» ¥Ñ¼ÓÎÏÀџÃÄÈÆÌÀļÍÀÈÓÎÏѽÆÑÀÌ

 š¬«®£¤£Þ$IL?>IÙ٘ІÂżÞÞ¡·ÀÁÆ·ÃÒÁÆÞ

ÎÑØ×ļÀ ÇÒ¿ÒÓÀÒÇÒÕÌÀÓļÕÍÀÏÀ ÆÎÑÄ¿ÄÓÀÈ ÎÈÄÑÆÀÙ½ÌÄÍÎÈÃÄͺ×ÎØÍ ÈÀÓÑÎÅÀÑÌÀÊÄØÓÈÊ»ÏÄѼÔÀËÂÇ οÓÄÊÀÈʟËØÂÇÆÈÀÀÓØ×»ÌÀÓÀ§  ÊÀÓÀÆƺËËÄÈÄÊÏѽÒÕÏÎÖÓÇÖÎÑƟ ÍÕÒÇÖ —ÍŠÎżŠÈÌ켄 ÀϽÓÇ'SJFOETPG UIF•BSUIÒÓǁÀË˼À ØÏÎÒÓÇѼÙÄÈ ½ÓÈÇ•˜”ÔÀÏѺÏÄÈÍÀÄ˺Æ×ÄÈÊÀӟ ϽÒÎÍÎÈÄÏÄÍÿÒÄÈÖÓÇÖÒØÌÁŸË ËÎØÍÏџÆÌÀÓÈÒÓÇÍÊÀÓÀÏÎ˺ÌÇÒÇ ÓÇÖÅÓÐ×ÄÈÀÖÊÀÈÒÇÌÄÈÐÍÄȽÓÈÎÈ ÃÑÀÒÓÇÑȽÓÇÓÄÖÓÇÖÓџÏÄÙÀÖÔÀ ÏѺÏÄÈÍÀƼÍÎØÍÀÍÓÈÊļÌÄÍÎÏÑÎÒÄ ÊÓÈÊ»ÖÃÈÄÔÍοÖºÑÄØÍÀÖ

ŸÔÄ×ѽÍÎÒÓÈÖÀÑ׺Ö‚ÄÊÄÌÁѼÎØ ˼ÆÎÏÑÈÍÇ‚¿ÒÇÅÎѺÒÄÈÓÀ ÆÈÎÑÓÈ͟ÓÇÖÆÈÀÍÀØÏÎÃÄ×ÓļÓÀ«ÑÈÒÓοÆÄÍÍÀ ŸÍÔÑÕ ÏÎÈÀϽÎ˽ÊËÇÑÎÓÎÍÏËÀÍ»ÓÇÉÄÊÈ͟ÍĺÍÀÓÀɼÃÈÏÑÎÖÓÇšºÊÊÀ —ÈÄÑ»ϽËÇÓÎؘÒËŸÌ ÆÄͺÓÄÈÑÀÓÎØÏÑÎÅ»ÓÇšÕŸÌÄÔÊÀÈÓ½ÏÎÖÓÇÖ †ÑÎÅÇÓļÀÖÓÎØ ÀÏÎÓÄËļÆÈÀÓÎØÖÌÎØÒÎØË̟ÍÎØÖ¦ÀÍÀÆÊÀÒÓÈʽ§ÏÑÎÎ ÑÈÒ̽ÊÀÔÐÖÎÅļËÎØÍÍÀÓÇÍÄÏÈÒÊÄÅÓοÍÓÎØ˟×ÈÒÓÎÍ̼ÀÅÎџÒÓÇÙÕ» ÓÎØÖÆÈÀÍÀÒØÌÌÄӟÒ×ÎØÍÒÓÎÏÄѼÅÇÌÎIBK ÏÑÎÒÊ¿ÍÇÌÀ •¼ÍÀȽÌÕÖÓÎ ÊÄÍÓÑÈʽÓÙÀ̼ÓÎ؏˫ÀџÌÒÓÇšºÊÊÀÓÇÖŠÀÎØÃÈʻ֏ÑÀÁ¼ÀÖÈÊÀͽÍÀ ÅÈËÎÉÄÍ»ÒÄÈÓÈÖËÀÎԟËÀÒÒÄÖÓÕÍÏÈÒÓÐÍ ¸ÒÎÇÄɺËÈÉÇÓÕÍÌÄÓÀÅÎÑÈÊÐÍ̺ÒÕÍÃÈÄØÊÎË¿ÍÄÈÓÎØÖÌÎØÒÎØË̟ÍÎØÖ ÒÓÇÍÏÑÀÆÌÀÓÎÏμÇÒÇÓÎØÓÀÉÈÃÈοÓÎØÖ Ó½ÒÎÀØɟÍÎØÍÊÀÈÎÈÄÏÈÒʺ ÏÓÄÖšÄÓÇ×ÕÑÇÓÈʽÓÇÓÀ½ÌÕÖÓÎØÊÄÍÓÑÈÊοÓ½ÏÎØËÀÓÑļÀÖÍÀÅӟÍÄÈ Ò»ÌÄÑÀÓÀŸÓÎÌÀÊÀÈÃÄʟÃÄÖÏÈÒÓÐÍÍÀÏÎÃÎÏÀÓÈοÍÓÀÈʟÔÄ ×ѽÍÎ ÎÁÀÒÈËȟÖÓÇÖ×ÐÑÀÖÀÏÎşÒÈÒÄÍÀÏÑÎ×ÕÑ»ÒÄÈÒÄÀÍÀÊÀ¼ÍÈÒǨ Š¿ÌÅÕÍÀÌÄÓÎÁÑÄÓÀÍÈʽÏÄÑÈÎÃÈʽ&DPOPNJTU PŠÀÎØßÑÀÁÀÖÌÎ͟Ñ×ÇÖ Ò×ÄÃȟÙÄÈÍÀÃÈÄÉÀƟÆÄÈÃÈÄÔÍ»ÃÈÀÆÕÍÈÒ̽ÆÈÀÓÇÍÀ͟ÃÄÈÉÇÓÕÍÀÑ×ÈÓÄ ÊÓ½ÍÕÍÏÎØÔÀÀÍÀÊÀÓÀÒÊÄ؟ÒÎØÍÓΏ˫ÀџÌÊÀÈÓÎØÖÏÄÑÈÁŸËËÎÍÓÄÖ ×ÐÑÎØÖ ÏÑÎÊÄÈ̺ÍÎØÍÀÀØÉÇÔļÇ×ÕÑÇÓÈʽÓÇӟÓÎØÒÄÓѼÀÄÊÀÓÎÌÌ¿ ÑÈÀšÈÀÓºÓÎÈÀÄϺÊÓÀÒÇÔÀÊÀÔÈÒÓοÒÄÓÎÊÄÍÓÑÈʽÓÙÀ̼ÓÇÖšºÊÊÀÖÓÎ ÌÄÆÀË¿ÓÄÑÎÒÄ×ÕÑÇÓÈʽÓÇÓÀÊÓ¼ÑÈÎÒÓÎÍʽÒÌÎ ¢ÃÈÄÔÍ»ÖÃÈÀÆÕÍÈÒÌ½Ö ½ÌÕÖ ÒØÍÄϟÆÄÓÀÈÊÀÈÓÇÒØÌÌÄÓÎ×»ÌÇÌÎØ ÒÎØË̟ÍÕÍÀÑ×ÈÓÄÊÓ½ÍÕÍ™ŸÏÎØÄÊļ»ÓÀÍÇÀÅÄÓÇѼÀºÍÓÎÍÕÍÀÍÓÈÃџ ÒÄÕÍÀϽÓÎÍÌÎØÒÎØËÌÀÍÈʽʽÒÌθÏÕÖÒÇÌÄÈÐÍÄÈÇÁÑÄÓÀÍÈÊ»ÄÅÇÌÄ ѼÃÀ*OEFQFOEFOU ÿÎÀϽÓÎØÖÏÈÎÃȟÒÇÌÎØÖ”ÑÄÓÀÍοÖÀÑ×ÈÓºÊÓÎÍÄÖ  Î ½ÑÌÀÍ›½ÒÓÄÑÊÀÈÇ–Ÿ×À«ÀÍÓ¼ÍÓ ÁѼÒÊÎÍÓÀÈÒÄÏÄѼÎÏÓÇÔºÒÇÒÓÇ ˼ÒÓÀÓÕÍÒØÌÌÄÓÄ×½ÍÓÕÍ¥ÎÏѽÁËÇÌÀ½ÌÕÖºÆÊÄÈÓÀÈÒÓνÓÈÎÃȟ ÒÇÌÎÖ˽ÑÃÎÖ›½ÒÓÄÑÃÄÍļÍÀÈÌÎØÒÎØË̟ÍÎÖ ÆÄÆÎͽÖÏÎØÃÄÍÓÎØÄÏÈ ÓѺÏÄÈ Ò¿ÌÅÕÍÀÌÄÓΘÒËŸÌ ÍÀÄÈÒºËÔÄÈÒÓÇÍÈÄÑ»ϽËÇÓÇÖšºÊÊÀÖ — «ÀÍÓ¼ÍÓļÍÀȦÓØÏÈʟ§ÌÎØÒÎØË̟ÍÀÈÑÀÊÈÍ»ÖÊÀÓÀÆÕÆ»Ö ÆÄÍÍ»ÔÇÊÄÒÓÇ ”ÀÆßÓÇÀË˟ÒÏοÃÀÒÄÒÓÇ”ÇÑØÓ½ÊÀÈÄÍÒØÍÄ×ļÀÒÓ΄ÎÍüÍÎ  ¸ÏÕÖÀÍÀźÑÄÈÒÓÎÍ&DPOPNJTUΊÀÎØßÑÀÁÀÖÀÑ×ÈÓºÊÓÎÍÀÖ4BNJ "OHBXJ ÈÃÑØÓ»ÖÓÎØ•ÑÄØÍÇÓÈÊο™ºÍÓÑÎØ)BK ÃÄÍļÍÀÈÃØÍÀÓ½ÍÍÀÄÏÀ ÍÀÒ×ÄÃȟÒÄÈÊÀÍļÖºÍÀÓÙÀ̼ÆÈÆÀÍÓÈÀ¼ÕÍÃÈÀÒӟÒÄÕÍÀÍÃÄÍÌÏÎÑļÍÀÓÎ ÄÏÈÒÊÄÅÓļ†ÀџËËÇËÀ ÄÏÈÊѼÍÄÈÓÎÍÀÏÎÊËÄÈÒ̽ŠÀÎØÃÀџÁÕÍÀÑ×ÈÓÄ ÊÓ½ÍÕÍÀϽÓÀÒ׺ÃÈÀÀÍÀÊÀÓÀÒÊÄØ»Ö ­×ÄÈÄÍÃÈÀźÑÎÍÇÎÌÎȽÓÇÓÀÌÄ ÓÇÍØϽÔÄÒÇÓÇÖ†ËÀÓļÀÖ•ËÄØÔÄѼÀÖÒÓÇ„ÄØÊÕÒ¼À¸ÏÕÖļ×ÀÌÄÆџÂÄÈ ÒÓÎ(MPCBM Î ÇÀÍÓÀÆÕͼÒÓÑÈÀÓÎØ›½ÒÓÄÑ –Ÿ×À«ÀÍÓ¼ÍÓ ļ×Ä ÀÌÅÈÒÁÇÓÇÔļÀϽ™¿ÏÑÈÎØÖÒØÍÀúËÅÎØÖÓÇÖÆÈÀÓÎͼÃÈÎ˽ÆÎļ×ÄÊÄÑ üÒÄÈÓÎÍÃÈÀÆÕÍÈÒ̽ÆÈÀÓÇÍÀ͟ÏËÀÒÇÄͽÖ×ÐÑÎØÏÎØÃÄÍļ×ÄÏÎÓºÓÇÖ ÄÏÈÒÊÄÅÔļ  ŠÓÇÍÏÄѼÏÓÕÒÇϟÍÓÕÖÏÎØÎ˽ÑÃÎÖ›½ÒÓÄÑÀÍÀ˟ÁÄÈÓÎ̺ÆÀºÑÆÎ ÃÄÍ ÔÀļÍÀÈÎÏÑÐÓÎÖÃØÓÈʽÖÏÎØÏÀÑÄÌÁÀ¼ÍÄÈÒÓÇÍÈÄѽÓÄÑÇÌÎØÒÎØËÌÀÍÈÊ» ϽËÇ¥ÎÒ¿ÍÎËÎÓÕÍÇ×ÇÓÈÊÐÍÄÆÊÀÓÀÒӟÒÄÕÍÒÓÎÓÙÀ̼ÓÎ؏˫ÀџÌº×ÄÈ ÊÀÓÀÒÊÄØÀÒÓļÀϽÓÇÍÀÌÄÑÈÊÀÍÈÊ»ÄÓÀÈÑļÀ6OJUFE"VUPNBUJPO ÄÍÐÎ ÏÑÎÒÊØÍÇÓ»ÖÓÇÖšºÊÊÀÖº×ÄÈ»ÃÇÓÇÃØÍÀÓ½ÓÇÓÀÍÀÀÆÎџÒÄȺÍÀÍÊÀÏÎØ ÓÒ¼ÍÎÀϽÓÀ4UBSCVDLT»ºÍÀןÌÏÎØÑÆÊÄÑÀϽÓÀ.D%POBME´T»ÓÀ,'$ ˜Š¢ Š™ ¥Š


/0:"£

¥ÎÓÄËÄØÓÀ¼Î ×ÄÈѽÆÑÀÅÎ »ÓÀÍ ÎØŸÑ ŠÓÈÖ˜ÀÍÎØÀѼÎØ Î„ÀҟÍÔÀ ÎØÈÊÑÀÌÀÓοÍÆÊÄ ºÍÀÖÀϽÓÎØÖÏÈÎ ÆÄÍÍÀ¼ÎØÖÊÀÈÀÍÄɟÑÓÇÓÎØÖÃÇÌÎÒÈÎ ÆџÅÎØÖÓÇÖŠÑÈ„ŸÍÊÀ ÃÎËÎÅÎÍļÓÀÈ ŠÓÈÖÓÎØÌÇÍ½Ö ÄÊüÃÄÓÀÈÓÎÓÄËÄØÓÀ¼Î ÓÎØÊļÌÄÍÎ ÒÓÎÎÏμÎÏÑÎ˺ÆÄÈÓÎÍ ԟÍÀÓ½ÓÎØ ¥ÎØ‚—š—¥£—š†¢ª ˜

¢ÏѽÄÃÑÎÖšÀ×¼ÍÓÀ£ÀÓÙÀϟÉÀÊÀÓÀüÊÀÒÄ̺ÒÕÓÎØ ÄϼÒÇÌÎØҟÈÓÓÇÖÊØÁºÑÍÇÒÇÖÓÇÃÎËÎÅÎͼÀ¯ÀË˟ÃÄÍ ºÏÄÈÒÄÊÀͺÍÀÍ·ÒÕÖ»ÓÀͽÓÈÊÀÍļÖÃÄͺÁÀÙÄÓÎ׺ÑÈÓÎØ ÒÓÇÅÕÓȟ½ÓÈÎÈÀÍӟÑÓÄÖ¥À̼ËÊÑ¿ÁÎÍÓÀÍϼÒÕÀϽÓÇ ÃÎËÎÅÎͼÀ ¼ÒÕÖ»ÓÀÍÏÎØÎÏѽÄÃÑÎÖÃÄÍÏÀѺËÄÈÂÄÍÀÓÇÍ ÏÄÑÈÆџÂÄÈÕÖ¦Ò׺ÃÈÎÀÍÓÈÏÄÑÈÒÏÀÒÌοÀϽÓÈÖÏѽÒÅÀÓÄÖ ͼÊÄÖÓÎØÒÓÑÀÓοÊÀӟÓÕÍÀÍÓÀÑÓÐͧ¢È¥À̼˺×ÀÍÀÍ ¯º×ÀÍÀÍÒÓÎÍ#ÎÑџ º×ÀÍÀÍÊÀÈÒÓÇÍ"ÍÀÓÎË» º×ÀÍÀÍ ÓÇŠÑÈ„ŸÍÊÀ™ÀÈÌÀÙ¼ÌÄÓÎØÖÀüÒÓÀÊÓÎØÖÀÍӟÑÓÄÖ¯ÒÄ ÏÑÐÓÇÀ͟ÆÍÕÒÇ ÏÀÑÀýÉÕÖ¯º×ÀÍÄÊÀÈÇÄËÄØÔÄѼÀÓÎØ ¥¿ÏÎØÊÀÈÓÇÖºÊÅÑÀÒÇÖ ןÍÎÍÓÀÍÎÈÅÕͺÖÏÎØÌÈËοÒÀÍ ÆÈÀÓÎØÖÏѽÒÅØÆÄÖÓÕÍÄ×ÔÑÎÏÑÀÉÈÐÍ ×ÀͽÓÀÍ ÓÎͽÇÌÀÓÇÖ̟×ÇÖÏÎØÀÏÎÓºËÄÒÌÀÔÀºÏÑÄÏÄÍÀº×ÄÈÓÇÍ ÄÆÊÀÔ¼ÃÑØÒǯÄÏÈÓºËÎØÖ¯ÓÇÖÃÇÌÎÊÑÀÓ¼ÀÖ —ÊØÁºÑÍÇÒÇ ÃÈÊÀÈÎËÎÆοÒÄ ÓÈÖÓÀÊÓÈʺÖÓÇÖ

ÄÏÈÊÀËοÌÄÍÇÓÈÖ ÀÍÓ¼ÒÓÎÈ×ÄÖÓÎØÄ×ÔÑο ØÓ½ÃÄÍÄÌϽÃÈÒÄ ŸÓÎÌÀÍÀÊÀÓºÁÎØÍÒÓÎØÖ ÃѽÌÎØÖÓÎØ™Î˽ÌÏÎÊÀÈ ÍÀÃÈÀÃÇËÐÒÎØÍÆÈÀÓÇÃÎËÎÅÎͼÀÓÎØÃÇÌÎÒÈÎÆџÅÎØ Š¿ÌÅÕÍÀÌÄÓÎØÖ‚ÇÌÎÒÈÎÆџÅÎØÖ«ÕѼÖŠ¿ÍÎÑÀ »ÓÀÍÇ ÌÄÆÀË¿ÓÄÑÇÃÈÀÌÀÑÓØѼÀÏÎغ×ÄÈÒÇÌÄÈÕÔļÒÓÎØÖÃѽÌÎØÖ ÓÇÖÏÑÕÓÄ¿ÎØÒÀÖ̺ÒÀÒÓÀÓѼÀ×ѽÍÈÀÃÈÀÊØÁºÑÍÇÒÇÖÓÎØ £ÀÓÙÀϟÉÀ

˜ÀÍÎØÀѼÎØ 0„ÀҟÍÔÀÎØÈÊÑÀÌÀÓοÍÆÊÄ  ÀÑ×ÈÒØÍӟÊÓÇÖÓÇÖ5IF4VOEBZ-FBEFS  ÎÃÇÆοÒÄÆÈÀÍÀϟÄÈÒÓÇÃÎØËÄȟÓÎØ ¸ ÓÈ»ÓÀÍÍÀƼÍÄÈÔÀÆÈͽÓÀÍ•¼×Ä»ÃÇ ÉØËÎÊÎÏÇÔļÃØÎÅÎÑºÖ ÓÎÒϼÓÈÓÎØļ×Ä ÓØËÈ×ÓļÒÓÈÖÅ˽ÆÄÖ ļ×ÀÍÏØÑÎÁÎË»ÒÄÈ ÄÍÀÍÓ¼ÎÍÓÎضÓÀÍ‚ÄͺÃÄÈÉÄÊÀÍ ºÊÏËÇÉǽÓÀÍÓÎغÊËÄÈÒÀÍÓÎÍÃѽÌÎÎÈ ÌÇ×ÀͽÁÈÎȯļ×ÄÏÀ¼ÉÄÈÃÄʟÃÄÖÄÊÃÎ׺Ö ÓÎØÒÄÍÀѼÎØÒÓÎÌØÀ˽ÓÎØÊÈÀØÓ»ÃÄÍ »ÓÀÍÃÀÊÀÈÊÀÌȟÏÎË¿ÏÑÕÓ½ÓØÏÇ¥À ׺ÑÈÀÓÎØÓÀÒ»ÊÕÒÄÀÍÓÀÍÀÊËÀÒÓÈʟ ½×È ÆÈÀÍÀÏÑÎÒÓÀÓÄØÓļÀϽÓÈÖÒÅÀ¼ÑÄÖ ÀË˟ ÀϽÓÀÔÑÀ¿ÒÌÀÓÀÓÎØÏÀÑÀÔ¿ÑÎØÓÎØ  ÏÎغÆÈÍÄ×¼ËÈÀÊÎÌ̟ÓÈÀÌÄÓÎÍÏÑÐÓÎ ÏØÑÎÁÎËÈÒ̽¢ÈÃџÒÓÄÖÄÉÀÅÀͼÒÓÇÊÀÍ ̺ÒÀÒÓÇÍʼÍÇÒÇÓÇÖϽËÇÖ†ÄÑÀÒÓÈÊμ ÓÎÍÌÄÓºÅÄÑÀÍÒÓÎÍÎÒÎÊÎÌļÎ,BMVCPX JMB—×ÄÈÑÎØÑÆÈÊ»ÄϺÌÁÀÒÇÃÄÍϺÓØ×Ä  ÎÄÆʺÅÀ˽ÖÓÎØϺÔÀÍÄÀϽÓÈÖÒÅÀ¼ÑÄÖ ÏÎØÓÎÍÁÑ»ÊÀ͆ºÔÀÍÄ ÊÀÈÏ»ÑÄÊÀÈÓÎÍ ØϽËÎÈÏ΄ÀҟÍÔÀÎØÈÊÑÀÌÀÓοÍÆÊÄ ÌÀÙ¼ÓÎØ

˜ÀÍÎØÀѼÎØ ¥Î$//Ï»ÑÄÒØͺÍÓÄØÉÇÀϽÓÎÍ ÃÈÄØÔØÍÓ»ÓÎØ.BIBSBKBI57 ¥ÒÄÁŸÀÍ ӟÍÈÄË ÆÈÀÓÎ ÒØÌÁŸÍ„¼ÆÎÀÑƽÓÄÑÀ ÎØÏÎØÑƽÖ¬ÌØÍÀցÊÎӟÌÏ×ÈÀ £ÀÓÙÀϟÉÀÙ»ÓÇÒÄÓÇÒ¿ËËÇÂÇÄͽÖÀÏ´ÀØÓοÖÏÎØ ̼ËÇÒÀÍÒÓÎ$// ½ÏÕÖûËÕÒÄΊÎØ͟ÍÓÀ ÓÄÒ×ÀÏѼÆÈÀ  ÄÊÏѽÒÕÏÎÖÓÇÖ™¼ÍÇÒÇÖÆÈÀÓÇÍ•ËÄØÔÄѼÀÓÎØ¥¿ÏÎØ ÒÓÇŠÑÈ„ŸÍÊÀ—•ÏÈÓÑÎÏ»ÆÈÀÓÇ͆ÑÎÒÓÀÒ¼ÀÓÕÍ ‚ÇÌÎÒÈÎÆџÅÕÍûËÕÒĽÓÈÓÀšš•ÏÎØÄ˺Æ×ÎÍÓÀÈ ÀϽÓÇÍÊØÁºÑÍÇÒÇÊÀÓºÊÑÈÍÀÍÓÎ.BIBSBKBI57ÆÈÀÓÇÍ ʟËØÂÇÌÈÀÖÄϼÔÄÒÇÖÀØÓÎÊÓÎͼÀÖÒÓΙÎ˽ÌÏÎ ÄÏÄÈû ¦ØÏÎͽÌÄØÒÄÓÎÍÍÈÊÇŽÑÎ˽ÆÎÓÎØÏÑκÃÑÎاÌÄӟÓÇÍ À͟ÊÓÇÒÇÓÎØ™ÈËÈͽÓÒÈ ÓÇÖϽËÇÖʺÍÓÑÎØÓÕÍÀÍÓÀÑÓÐÍ ¥À̼Ë

˜ÀÍÎØÀѼÎØ ­ÍÎÏËÎÈÌÀÒÊÎŽÑÎÈÄÈÒºÁÀËÀÍÒÓÀÒÓοÍÓÈÎÓÎØ.BIBSB KBI57 ˼ÆκÉÕÀϽÓÇÍÏÑÕÓÄ¿ÎØÒÀ­ÊÀÍÀÍÒÌÏÀџËÈÀ ÓÎÍÄÉÎÏËÈÒ̽ ÀÏļËÇÒÀÍÓÎÏÑÎÒÕÏÈʽÌÄÓÈÖʟÍÍÄÖÓÕÍ ½ÏËÕÍÓÎØÖ ÏÑÎÒϟÔÇÒÀÍÍÀÁŸËÎØÍÅÕÓȟÒÓÎÊÓ¼ÑÈÎ

¦™È¿ÒÓÄÑÀ »ÑÔÀÍÆÈÀ̺ÍÀ§ ¥ÎØ„ÀҟÍÔÀÎØÈÊÑÀÌÀÓοÍÆÊĦ™ÀͺÍÀŸËËÎÄϟÆÆÄËÌÀ ÃÄÍÀÏÀÈÓļÀÏ´ÀØÓοÖÏÎØÓÎÀÒÊοÍÍÀÃÐÒÎØÍÓÇÙÕ» ÓÎØÖÆÈÀÓÇÍÓº×ÍÇÓÎØÖ ÄÊÓ½ÖÀϽÓÈÖºÍÎÏËÄÖÃØ͟ÌÄÈÖÊÀÈ ¯ÒÓÇÍÏÄѼÏÓÕÒÇÓÇÖŠÑÈ„ŸÍÊÀ¯ÓÇÃÇÌÎÒÈÎÆÑÀżÀ¥À ÓÄËÄØÓÀ¼À×ѽÍÈÀ ÓÀÀÍÄɟÑÓÇÓÀšš•ú×ÎÍÓÀÈÄÏÈÔºÒÄÈÖ ÌÄÀØÉÀͽÌÄÍǺÍÓÀÒÇÊÀÈÒØ×ͽÓÇÓÀ•ÆÊÀÓÀÒӟÒÄÈÖ ÇËÄÊÓÑÎÍÈÊÐÍÊÀȺÍÓØÏÕÍ̺ÒÕͺ×ÎØÍÓØËÈ×Óļ ÒÓÈÖÅ˽ÆÄÖ º×ÎØÍÁÎÌÁÀÑÃÈÒÓļ º×ÎØÍÒÅÑÀÆÈÒÓļ ÌºÓÑÇÓÎÈÃÇÌÎÒÈÎÆџÅÎȺ×ÎØÍÏÀÑÄÍÎ×ËÇÔļ ÀÏÄÈËÇÔļ 

ÃÎËÎÅÎÍÇÔļ¶ÓÀÍÓÈÌ»ÌÎØÍÀÀÍ»ÊÕÒĽËÄÖÀØÓºÖÓÈÖ ÊÀÓÇÆÎѼÄÖÊÀÈÓÐÑÀ ÏÈÎÒØÆÊÄÊÑÈ̺ÍÀ ÒÓÇÍÓÄËÄØÓÀ¼À <>”ѼÒÊÎØÌÄÓÎØÖÄÀØÓοÖÌÀÖÒÓÎ̺ÒÎÄͽÖÄÌÅØ˼ÎØ ÏÎ˺ÌÎØÏÎØÃÈÄɟÆÄÓÀÈÀÍÇËÄÐÖÀϽÓÎØÖÏÑÕÓÀÆÕÍÈÒÓºÖ ÓÎØ ÇÀÈÌÎÃȼÀÓÕÍÎÏμÕÍÃÄÍÆÍÕѼÙÄȽÑÈÀ¢ÓѽÌÎÖ  ļÓÄÊÀËËÈÄÑÆļÓÀÈÀϽÓÎØÖÓÑÎÌÎÊџÓÄÖļÓÄÀϽÓÎÊџÓÎÖ  ļÍÀÈÇÒÓÀÔÄџÓÕÍÇÌÄÑÐ͆џÆÌÀÓÈ ÎŽÍÎÖº×ÄÈ ÏÑÎÀ×ÔļÒÓÎÊ¿ÑÈÎÄÑÆÀËļÎ̺ÒÕÓÎØÎÏμÎØÇÏÎËÈÓļÀ ÏÑÎÒÏÀÔļÍÀÄ˺ÆÉÄÈÓÎØÖÅÎÑļÖÓÇÖÄËÄØÔÄѼÀÖŠ»ÌÄÑÀ ļÍÀÈÎÈÃÇÌÎÒÈÎÆџÅÎÈ À¿ÑÈÎÔÀļÍÀÈÎÈÃÈÊÀÒÓºÖ†ÎÓº ÃÄÍ»ÓÀÍÓÀѼÒÊÀÌÄÆÀË¿ÓÄÑÀÊÀÈÓÀʺÑÃÇÌÈÊѽÓÄÑÀ ÆÈÀÀÌŽÓÄÑÄÖÓÈÖÏËÄØѺÖÀØÓοÓÎØÏÎ˺ÌÎ؁ÈÀÓ¼ÓÎ ʟÍÎØÌÄ ËÎÈϽ͏ÍÀÑÕÓȺÌÀÈÊÈÄÆÐÒØ×͟¬ËËÕÒÓÄ  ļÌÀÈÒ¿ÙØÆÎÖÊÀÈÏÀÓºÑÀÖÓÑÈÐÍÀÉÈÎ˟ÓÑÄØÓÕÍÏÀÈÃÈÐÍ É¼ÙÄÈÓÎѼÒÊΆÎËËμÌο˺ÍÄÏÕÖ½×È¢ÈżËÎÈÌο ˺ÍÄÍÀÓÀÏÀÑÀÓ»ÒÕ<>ŸËËÎÈ ÒØÌÏÄÑÈËÀÌÁÀͽÌÄÍÕÍ ÏÎËÈÓÈÊÐÍÀÑ×ÇÆÐÍÊÀÈÀϽÓÈÖÿÎÏËÄØÑºÖ º×ÎØÍÊÀӟ ÊÀÈÑοÖÏÑÎÒÏÀÔ»ÒÄÈÍÀÌÄϟÑÎØÍÌÄÓÎ̺ÑÎÖÓÎØÖ ÊÀÈÍÀÀÒ×ÎËÇÔÐÌÄÓÇÍÏÎËÈÓÈÊ» ÅӟÍÎÍÓÀÖÐÖÊÀÈ ÍÀÌÎØÏÑÎÒźÑÎØÍÓÎØÏÎØÑÆļÎÓÇÖÄÏÈËÎÆ»ÖÌÎØ ‚ÈÏËÕ̟ÓÄÖ ÀÍÀÆÍÕѼÙÎÍÓÀÖÓÎѼÒÊÎÏÎØÀÍÓÈÌÄÓÕϼÙÎØÍ ÎÈÃÇÌÎÒÈÎÆџÅÎÈÒÓÇŠÑÈ„ŸÍÊÀ ÌÎغ×ÎØÍÏÑÎÒźÑÄÈ ÀÒÅÀË»ºÉÎÃÎÀϽÓÇ×ÐÑÀÊÀÈÏÎËÈÓÈʽŸÒØËÎÒÓÈÖÃÈʺÖ ÓÎØ֏ÍʟÓÈÃÄÍÌÎغËÄÈÂÄÏÎÓº»ÓÀÍÎÈÄÏÈËÎƺ֏Ë˟ ØϟÑ×ÄÈʟÓÈÀÍÐÓÄÑÎÀϽÓÇͺÃÑÀ ÓÇÅ»ÌÇ ÓÀËοÒÀ ÊÀÈÓÇÍÀÒşËÄÈÀ•¼ÍÀÈÇÒØÍļÃÇÒÇ<>†ÀÑ´½ÓȺ×ÎØÌÄ ÆџÂÄÈÄÏÀÍÄÈËÇÌ̺ÍÀ½ÓÈÎÈÒ×ÈÒÌÀÓÈÊμÓÑÎÌÎÊџÓÄÖ ÏѺÏÄÈÍÀÄÉÎØÃÄÓÄÑÕÔÎ¿Í ļÍÀÈÏÈÎÒÇÌÀÍÓÈʽÍÀ ÀÍÓÈÌÄÓÕϼÒÎØÌÄÓÇÁÀÒÈÊ»ÀÈÓ¼ÀÓÎØÓѽÌÎØ ÆÈ´ÀØÓ½ ÊÀȺ×ÎØÌÄÊÀ˺ÒÄÈÓÇÍÊØÁºÑÍÇÒÇÍÀÀÍÓÈÌÄÓÕϼÒÄÈÓÎÍ ÄÔÍÈʽÒÏÀÑÀÆ̽ÌÄÄÑÆÀËļÎÓÇ͘ÒÓÎѼÀ ÊÀȽ×È̺ÒÀ ÀϽÓÇÍÀÍÓÈÌÄÓÐÏÈÒÇÓÕÍÀÍÓÈϟËÕÍÓÇÖÕÖÒÓØÆÍ»Ö ÓÑÎÌÎÊÑÀÓ¼ÀÖ­×ÎØÌÄÊÀÓÀÃļÉÄÈÓÇÍÓÑÎÌÎÊÑÀÓ¼ÀÓÇÖ ¼ÃÈÀÖÓÇÖÊØÁºÑÍÇÒÇÖÒ´ÀØÓ½ÍÓÎÍûÔÄÍϽËÄÌÎÊÀӟ ÓÇÖÓÑÎÌÎÊÑÀÓ¼ÀÖ ÊÀÈÃÄͺ×ÎØÌÄÀÏÎÊÑ¿ÂÄÈÏÕÖÇŠÑÈ „ŸÍÊÀļÍÀÈÇÌÎÍÀÃÈÊ»×ÐÑÀÒÓÎÍʽÒÌÎÏÎØÒØÍÇÔ¼ÙÄÈ ÍÀÁÎÌÁÀÑüÙÄÈÓÎØÖ¼ÃÈÎØÖÓÎØÖÏÎ˼ÓÄÖÓÇցȴÀØÓºÖ ÌÀÖÓÈÖÀϽÂÄÈÖº×ÎØÌÄ×ÀÑÀÊÓÇÑÈÒÓļÏÑÎýÓÄ֏ÍÀØÓ½ ļÍÀÈÏÑÎÃÎÒ¼À ÃÄ×½ÌÀÒÓÄÓÎÍ×ÀÑÀÊÓÇÑÈÒ̽ÌÄÓÈÌ» ‚ÄÍÔÀ»ÓÀÍϟÍÓÕÖÒÕÒÓ½ ÓÎÆÄÆÎͽÖ½ÓÈÊÀÓÀÃÈʟÙÎØÌÄ ÓÎÍϽËÄÌÎ ÍÀÌÄÓÀÅÑÀÒÓļÕÖÒÓ»ÑÈÉÇÒÓÎØÖ¥¼ÆÑÄÈÖ †Ñ½ÊÄÈÓÀÈÆÈÀ̼ÀÀϽÓÈÖÏÈÎÀÍÇËÄļÖÊÀÈÀÈÌÎÃÈÂļÖ ÎÑÆÀÍÐÒÄÈÖÏÎغ×ÎØÍØϟÑÉÄÈÏÎÓºÒÓÎÍÏËÀÍ»ÓÇ<>•¼ÍÀÈ ÆÍÕÒÓ½½ÓȺ×ÕÉØËÎÊÎÏÇÔļÿÎÅÎѺÖÊÀȽÓÈÓÎÒϼÓÈ ÌÎغ×ÄÈƼÍÄÈÒÓ½×ÎÖÏØÑÎÁÎËÈÒÌÐ͆ÀџÓÈÖ ÊÀÔÇÒØ×ÀÒÓÈʺÖÏÀÑÄÌÁŸÒÄÈÖÓÇÖ ÊØÁºÑÍÇÒÇÖ ÏÎÓºÃÄÍ ØÏ»ÑÉÄ

ÄÍÃÄËÄ×»Ö ÀÒÓØÍÎÌÈÊ»ºÑÄØÍÀÆÈÀ ÓÎØÖÃџÒÓÄÖÓÕÍÄÏÈÔºÒÄÕÍŠÄ ½ËÄÖÀØÓºÖÓÈÖÏÄÑÈÏÓÐÒÄÈÖ º×Õ˽ÆÎØÖ ÍÀÏÈÒÓÄ¿Õ½ÓÈÓÈÖÄÏÈÔºÒÄÈÖÄͺÏÍÄØÒÄǼÃÈÀÇ ÊØÁºÑÍÇÒǸÓÀÍÓÄËÈʟÃÎËÎÅÎÍÇÔÐ ÇÊØÁºÑÍÇÒÇļÍÀÈ ÀØÓ»ÏÎØÔÀÌĺ×ÄÈÒÊÎÓÐÒÄÈ<>¸ÓÀÍÏÄԟÍÕ ÔÀʟÍÄÓÄ ÓÇͼÃÈÀʟËÏÈÊÇÅÀÒÀѼÀÊÀÈÔÀÀÏÀÈÓ»ÒÄÓÄÆÑ»ÆÎÑÇÊÀÈ ÀÏÎÓÄËÄÒÌÀÓÈÊ»ºÑÄØÍÀË˟ ½ÏÕÖÊÀÈŸËËÄÖºÑÄØÍÄÖ ÏÎغ×ÄÓÄÏÀÑÀÆÆļËÄÈÒÓÎÏÀÑÄËÔ½Í ÔÀÒÓÀÔļŸÊÀÑÏÇ ÈÀÍÀļÌÀÒÓÄÄÈËÈÊÑÈÍÄ¼Ö ½ËÎÈɺÑÎØÌÄÏÎÈÎÖÔÀÁѼÒÊÄÓÀÈ ϼÒÕÀϽÓÎÍԟÍÀÓ½ÌÎØ ÀË˟ÃÄÍÓÎËÌοÌÄÍÀÏοÌÄ ÓνÍÎ̟ÓÎظ×È̽ÍÎÇÃÈÊ»ÌÎØÙÕ» ÀË˟ÊÀÈÇÃÈÊ» ÒÀÖÄÉÀÑÓÐÍÓÀÈÀÏ´ÀØÓ½<>™ÈÀÍÉÄןÒÄÓĽËÀÓ´ŸËËÀ  ÔØÌÇÔļÓĺÍÀÏџÆÌÀÇÄÅÇÌÄѼÃÀļÍÀÈÄÃÐÆÈÀÒÀÖ ļÓÄ ļÒÓÄŠÈÍÀ˺ÙÎÈ ¥ÀÌ¼Ë šÎØÒÎØË̟ÍÎÈ ×ÀÌÇË»ÖʟÒÓÀÖ  ÎÌÎÅØ˽ÅÈËÎÈ ÃÈÀÅÕÍοÍÓÄÖ À͟ÏÇÑÎȢȟÍÔÑÕÏμÓÇÖ ÔÀÒØÍÄ×¼ÒÎØÍÓÎÍÀÆÐÍÀ ÀÍØϽÓÀÊÓÎÈÊÀÈÀÓѽÌÇÓÎÈ ÌÄ ÓÎÊÎØџÆÈÎÏÎØÆÍÕѼÙÄÓÄÓ½ÒÎÍÊÀÈѽ<>¸ÒÎÆÈÀ̺ÍÀ  ̽ÍÎ΃ĽÖɺÑÄÈϽÒÎÏÑÎÒϟÔÇÒÀ§

š¬«®£¤£Þ$IL?>I




¥¢™¢ªš• ¥¢

¢¢—•ÊÀÓÀÌÄÓџÓÈÖÙÇÌȺÖÒÓǁŸÙÀ

š

ÄÓÈÖÃØ͟ÌÄÈÖÓÎؘÒÑÀ»ËÍÀÀÏÎ×ÕÑοÍÀϽÓÇÍ ÄÌϽËÄÌÇÙÐÍÇ Ç„ÕѼÃÀÓÇցŸÙÀÖÌÄÓџÄÈ»ÃÇÓÈÖ ÏËÇƺÖÓÇÖŠ´ÀØÓ»ÓÇÍÊÀÓÀ̺ÓÑÇÒÇ ϺÑÀÀϽÓÀ ×¼ËÈÀÊÀÈÏ˺ÎÍÔ¿ÌÀÓÀÓÇÖÏÀËÀÈÒÓÈÍÈÀÊ»ÖÏËÄØÑŸÖ ÒØÌÏÄÑÈ ËÀÌÁŸÍÎÍÓÀÈÊÀÈÎÈÄÊÀÓÎÍӟÃÄÖØËÈʺÖÊÀÓÀÒÓÑÎźÖÒÄÊÓ¼ÑÈÀ ÊÀÈØÏÎÃÎ̺Ö 00)& ÒÄÒØÍÄÑÆÀÒ¼ÀÌÄÓÎÆÍÕÒÓ½ÌÀÖ$&3/ ̺ÒÀÀϽ ÓΕÏÈ×ÄÈÑÇÒÈÀʽ†Ñ½ÆÑÀÌÌÀ‚ÎÑØÅÎÑÈÊÐÍ•ÅÀÑÌÎÆÐÍ 6/04"5 ÄɺÃÕÒÄÒÓÈÖºÍÀÍÃÎÑØÅÎÑÈʽןÑÓÇ ÌÄÓ¼ÓËΦ•ÊÓ¼ÌÇÒÇ–ÇÌÈÐÍÒÓÇ„ÕѼÃÀÓÇցŸÙÀÖ§šºÒÀ ÍŸËØÒÇÙÇÌÈÐÍÒÓÇ„ÕѼÃÀÓÇցŸÙÀÖÀ͟ÏÄÑÈźÑÄÈÀ ¢ÀÑÈÔ̽ÖÓÕÍÊÓÈѼÕÍÓÀÎÏμÀº×ÎØÍÄÏÈÁÄÁÀÈÕ̺ÍÀØÏÎÒÓļÙÇÌȺÖÄÊÓÈ̟ÓÀÈÒÄ Ï´ÀØӟ ÄÊÓÈ̟ÓÀȽÓÈļÍÀÈÎËÎÒ×ÄÑÐÖÊÀÓÄÒÓÑÀÌ̺ÍÀ ÄÍк×ÎØÍ ØÏÎÒÓļÒÎÁÀѽÓÀÓÄÖÙÇÌȺÖ­×ÎØÍÄϼÒÇÖÊÀÓÀÆÑÀÅļÊÑÀÓ»ÑÄÖÀϽÄÊÑ»ÉÄÈÖÒÄ ÃѽÌÎØÖÊÀÈÒÄÊÀËËÈÄÑÆÇ̺ÍÄÖ»ÌÇÄÊӟÒÄÈÖ

‚ÈÎÈÊÇÓÈÊ» †ÄÑÈźÑÄÈÀ

™ÀÓÄÒÓÑÀÌ ̺ÍÀÊÓ¼ÑÈÀ

™Ó¼ÑÈÀÌÄ ÒÎÁÀѺÖ ÙÇÌȺÖ

™ÑÀÓ»ÑÄÖ ÄÊÑ»ÉÄÕÍ ÒÄÃѽÌÎØÖ

™ÑÀÓ»ÑÄÖ ÄÊÑ»ÉÄÕÍ ÒÄ×Õџ ÅÈÀ

Š¿ÍÎËÎ ÒĽËÄÖÓÈÖ ÃÈÎÈÊÇÓÈʺÖ ÏÄÑÈź ÑÄÈÄÖ

ŸÙÀ











”½ÑÄÈÀŸÙÀ











šºÒdžÄÑÈÎ×»











«À́ÈÎØͼÖ











£ŸÅÀ











ŠØÍÎËÙÇÌȺÖ











ªÏ½ÌÍÇÌÀ †ÑŸÒÈÍΙÑÀÓ»ÑÄÖ ÀϽÄÊÑ»ÉÄÈÖÒÄ×ÕџÅÈÀ ™½ÊÊÈÍ΢ËÎÒ×ÄÑÐÖ ÊÀÓÄÒÓÑÀÌ̺ÍÀÊÓ¼ÑÈÀ †ÎÑÓÎÊÀ˼šÄÑÈÊÐÖ ÊÀÓÄÒÓÑÀÌ̺ÍÀÊÓ¼ÑÈÀ ™¼ÓÑÈÍΙÑÀÓ»ÑÄÖ ÀϽÄÊÑ»ÉÄÈÖÒÄÃѽÌÎØÖ

ÀϽÓÈÖÄÈʽÍÄÖÓÎØÃÎÑØŽÑÎØ8PSME7JFX ÊÀÓÀÆџÅÎÍÓÀÈ ÎÈÊÀÓÀÒÓÑÎźÖÒÄÊÓ¼ÑÈÀ ØÏÎÃÎ̺ÖÊÀÈÀÆÑÎÓÈʺÖÄÊӟÒÄÈÖ ÒÓÇÍÏÄÑÈÎ×» ÊÀӟÓÇÍÇÊÀÈǘÀÍÎØÀѼÎØ †ÑÎÓοÀʽÌÀÓÄËÄÈÐÒÎØÍÎÈÈÒÑÀÇËÈͺÖÄÏÈ×ÄÈÑ»ÒÄÈÖ  ƼÍÄÓÀÈÄÌÅÀͺÖÓÎ̺ÆÄÔÎÖÓÇÖÊÀÓÀÒÓÑÎÅ»ÖÀϽÓÎØÖ ¯ÀÄÑÎÏÎÑÈÊοÖÊÀӟÊ¿ÑÈÎ˽ÆίÁÎÌÁÀÑÃÈÒÌοÖ —Á½ÑÄÈÀŸÙÀļÍÀÈÀØÓ»ÏÎØú×ÓÇÊÄÓÎÌÄÆÀË¿ÓÄÑÎ̺ÑÎÖ ÓÕÍÏØÑÐÍ ÄÍÐÀʽÌÇÊÀÈÇÏÄÑÈÎ׻ƿÑÕÀϽÓÎÍÏÑÎÒÅØÆÈ ʽÊÀÓÀØËÈÒ̽ÓÇÖ¥ÙÀÌϟËÈÀÃÄÍÆ˼ÓÕÒÄÀϽÓÇÍÈÒÑÀÇËÈÍ» Ì»ÍÈÍ      ˜™

ÊÓÈÁÈÒÌÎÒ  ¥Î؏ ¥ž —«¥–—

†ÈÊÍÈÊÒÓΫ¼ÔÑÎÎØ •ÊÀÓÎÍӟÃÄÖ”ÑÄÓÀÍμÀÊÓÈÁÈÒÓºÖÏÎØÀÆÕͼÙÎÍÓÀÈ ÆÈÀÓÎÏÄÑÈÁŸËËÎÍÊÀÓºÊËØÒÀÍÓÎÓÌ»ÌÀÄÒÕÓÄÑÈÊÐÍ ÏÓ»ÒÄÕÍÓÎØÀÄÑÎÃÑÎ̼ÎØ«¼ÔÑÎÎØÊÀÈÌ´ºÍÀÕÑÀ¼Î ÅÀÆÎϽÓÈÀÍÓÈÒӟÔÇÊÀÍÒÓÀÒ׺ÃÈÀÄϺÊÓÀÒ»ÖÓÎØ ¸ÏÕÖÊÀÓÀÆƺËËÎØÍ ÇÄϺÊÓÀÒÇÓÎØÓÌ»ÌÀÓÎÖÔÀ º×ÄÈÕÖÀÏÎÓºËÄÒÌÀ ÓÇÍÀ¿ÉÇÒÇÓÕÍÄÒÕ ÓÄÑÈÊÐÍÏÓ»ÒÄÕÍ  ÏџÆÌÀÏÎØÔÀÄÏÈ ÓļÍÄÈÓÎÅÀÈͽÌÄÍÎ ÓÎØÔÄÑÌÎÊÇϼÎØ †ÀџËËÇËÀ ÇÔÎÏÎÈ μ ÃÈÀÍÎοÌÄÍÎÈÊÀÈ ÀÊÓÈÁÈÒÓºÖ ÌÄÓÀÉ¿ÓÕÍÎÏμÕÍÊÀÈÇÇÔÎÏÎȽÖ­ÌÀ ¥½ÌÒÎÍ ÀƽÑÀÒÀÍÓÌ»ÌÀÓÇÖºÊÓÀÒÇÖÏÎØÏÑÎÎѼ ÙÄÓÀÈÆÈÀÓÎÀÄÑÎÃѽÌÈÎÌÄÒÓ½×ÎÍÀÅØÓºÂÎØÍÎÏÕ ÑÎÊÇÏÄØÓÈʟÊÀÈÍ´ÀË˟ÉÎØÍÓÇ×Ñ»ÒÇÓÇÖÆÇÖ

¸×ÈŸËËÄÖÔØÒ¼ÄÖ ÌÄÑÈÊÀÍμÄÑƟÓÄÖÀØÓÎÊÈÍÇÓÎÁÈÎÌÇ×ÀͼÀÖÏÑÀÆÌÀ ÓÎÏμÇÒÀÍÃÈÀûËÕÒǺÉÕÀϽÓÎÄÊÔÄÒÈÀʽʺÍÓÑÎ ÓÎØ ÓÈÓѽÈÓÒĺÍÃÄÈÉÇÃÈÀÌÀÑÓØѼÀÖÆÈÀÓÇÌļÕÒÇ ÓÕÍÀÏÎÃÎ×ÐÍÓÎØÖÊÀÈÓÕÍÄÍƺÍÄÈÊÄÊÓÇ̺ÍÕÍ ÃÈÊÀÈÕ̟ÓÕÍÓÎØÖ ÕÖÀÏÎÓºËÄÒÌÀÓÇÖÒ¿ÌÁÀÒÇÖ ÏÎØØϺÆÑÀÂÄÓÎÒÕÌÀÓļÎÓÎØÖ 6"8 ÌÄÓÈÖÀØÓÎ ÊÈÍÇÓÎÁÈÎÌÇ×ÀͼÄÖÏÎØÁѼÒÊÎÍÓÀÈÒÄÊѼÒÇ ½ÏÕÖÇ (FOFSBM.PUPST Ç$ISZTMFSÊÀÈÇ'PSEŠÓÎÍ™ÀÍÀß ÇÎÌÎÒÏÎÍüÀÄÑÆÀÙÎ̺ÍÕÍÒÓÇÍÀØÓÎÊÈÍÇÓÎÁÈÎÌÇ ×ÀͼÀÀÑÍ»ÔÇÊÄÎÏÎÈÀûÏÎÓÄØÏÎ×ÐÑÇÒÇÊÀÈÃÄÍ ÀÏÎú×ÓÇÊÄÌļÕÒÇÓÕÍÀÏÎÃÎ×ÐÍ ÌÄÓÎÄÏÈ×ļÑÇ ÌÀ½ÓÈ̺×ÑÈÓÐÑÀÎÈÄÑÆÀÙ½ÌÄÍÎÈÒØͺÁÀËÀÍÌÄÓÎ ÏÀÑÀϟÍÕÒÓÎÍÀÏËÎØÓ¼ÒÎØÍÎÈÀØÓÎÊÈÍÇÓÎÁÈÎÌÇ ×ÀͼÄÖÊÀÈÃÄÍÒÊÎÏÄ¿ÎØÍÍÀʟÍÎØÍŸËËÄÖÔØÒ¼ÄÖ

¦™ŸÍÓÄÌÀÖÌÏÎÚÊÎӟÙ§ ­ÊÊËÇÒǘÒÑÀÇËÈÍÐÍÃÈÀÍÎÎØ̺ÍÕÍÒÓÇÍ(VBSEJBO ¦•ÌÄ¼Ö ˜ÒÑÀÇËÈÍμÏÎ˼ÓÄÖ ÀÏÄØÔØͽÌÀÒÓÄÒÓÈÖ ÇÆÄÒ¼ÄÖÓÕÍÄØÑÕÏÀÚÊÐÍÊÑÀÓÐÍʟÍÎØÌĺÊÊËÇÒÇ ÍÀÄÏÈÁŸËÄÓÄÊØÑÐÒÄÈÖÕÖºÍÃÄÈÉÇÃÈÀÌÀÑÓØѼÀÖ ÆÈÀÓÇÁŸÑÁÀÑÇÏÎËÈÓÈÊ»ÓÎؘÒÑÀ»Ë ½ÏÕÖºÊÀ ÍÀÍÇ”ÎËÈÁ¼ÀÊÀÈÇ”ÄÍÄÙÎغËÀÏÄØÔØͽÌÀÒÓÄ ÊÀÈÒÓÎØÖ•ØÑÕÏÀ¼ÎØÖÏÎ˼ÓÄÖÒÀÖÊÀËοÌÄÍÀ ÒÓÇѼÉÄÓÄÓÇÍÎÑƟÍÕÒÇÆÈÀÓÀÀÍÔÑÐÏÈÍÀÃÈÊÀÈ ÐÌÀÓÀÒÓÇ͆ÀËÀÈÒÓ¼ÍÇ ÏÎØØÏÎÒÓÇѼÙÄÓÀÈÊÀÈ ÀϽ˜ÒÑÀÇËÈÍοÖÏÎ˼ÓÄÖ XXXGSFFHB[BPSH FOIPNF ÊÀÈÍÀÌÏÎÚÊÎӟÑÄÓĽËÀÓÀÈÒÑÀÇËÈ͟ ÏÑÎÚ½ÍÓÀÊÀÈÓÎØÔÄÒÌοÖÓÎؘÒÑÀ»Ë”ÎÇÔ»ÒÓÄ ÌÀÖ§ªÏÎÆџÅÄÓÀÈÀϽ˜ÒÑÀÇËÈÍοÖÄÏÈÒÓ»ÌÎÍÄÖ  ½ÏÕÖÎ3BDIFM(JPSB †ÀÍÄÏÈÒÓ»ÌÈÎ¥ÄˏÁ¼Á Î 7FSFE,SBVT †ÀÍÄÏÈÒÓ»ÌÈΫŸÈÅÀ Ç"OBU.BUBS †ÀÍÄÏÈÒÓ»ÌÈÎ¥ÄˏÁ¼Á ÊÀÈÎ:JU[IBL:.FMBNFE †ÀÍÄÏÈÒÓ»ÌÈÎ+PIO)PQLJOT 

#BODB•UJDB™ŸËÄÒÌÀ —„ÀÚÊ»—ÔÈÊ»¥ÑŸÏÄÙÀ ÌÈÀÒØÌÌÄÓÎ×ÈÊ»ÄÍÀËËÀ ÊÓÈÊ»ÓџÏÄÙÀÏÎØÈÃÑ¿ÔÇÊÄÀϽÊÈÍ»ÌÀÓÀÊÀÈËÄÈ ÓÎØÑÆļÌÄÃÈÀÅÎÑÄÓÈʟÊÑÈÓ»ÑÈÀ¯ÊÀÈÕÖÄÊÓοÓÎØ ÃÄÍÓÇÍŸÆÆÈÉÄÇÊѼÒǯ ÒÄÒØÍÄÑÆÀÒ¼ÀÌÄÅÎÈÓÇ ÓÈÊοÖÒØË˽ÆÎØÖÊÀÈÏÀÍÄÏÈÒÓÇÌÈÀʺÖÒ×Î˺ÖÓÇÖ ˜ÓÀ˼ÀÖÉÄʼÍÇÒÄÊÀÌϟÍÈÀÄÍÇ̺ÑÕÒÇÖÓÎØÊÎÈÍο ÆÈÀÓÇ×ÑÇÌÀÓÎÏÈÒÓÕÓÈÊ»ÊѼÒÇÏÑÎÓļÍÎÍÓÀÖ¦ÅØÆ» ÏÑÎÖÓÀÌÏÑÎÖ§¢ÈÃÈÎÑÆÀÍÕÓºÖÔÄÕÑοͽÓÈÇ ÊѼÒÇļÍÀÈÏÎËËÀÏË» ½×È̽ÍÎÎÈÊÎÍÎÌÈÊ» ÀË˟ÊÀÈ ÊÎÈÍÕÍÈÊ»ÊÀÈÎÈÊÎËÎÆÈÊ»ÍÓÈÌÄÓÕϼÙÎØÍÓÇ×ÑÇÌÀ ÓÎÏÈÒÓÕÓÈÊ»ÊѼÒÇÕÖÄØÊÀÈѼÀÆÈÀÍÀÌÄËÄÓÇÔοÍ ÓÀÁÀÔ¿ÓÄÑÀÀ¼ÓÈÀÏÎØÓÇÃÇÌÈοÑÆÇÒÀÍÊÀÈÕÖÏѽ ÊËÇÒÇÆÈÀºÍÀÀÄÈŽÑÎ̺ËËÎÍÏÑÎÒÀÍÀÓÎËÈÒ̺ÍÎ ÒÄÇÔÈʺÖÀÑ×ºÖ ÒÓÎÍÒÄÁÀÒ̽ÓÎØÀÍÔÑÐÏÎØÊÀÈ ÒÓÇÍÏÑÎÒÓÀÒ¼ÀÓÎØÏËÀÍ»ÓÇ

 š¬«®£¤£Þ$IL?>IÙ٘ІÂżÞÞ¡·ÀÁÆ·ÃÒÁÆÞ


¥ÎÌÎÍÎϟÓÈÏÎØŸÍÎÈÉÄÌÏÎÑļÍÀÌÇÍϺÑÀÒÄ ÏÎÓºÀϽÓÇÍ•Ë˟ÃÀ ÀË˟ÒÓÀÆ»ÏÄÃÀÓÎØ ʽÒÌÎØÎÈÃȟÃÎ×μÓÎØÄÉÀÊÎËÎØÔοÍÍÀüÍÎØÍ ÓÈÖÏÀÑÀÒӟÒÄÈÖÓÎØÖÏÑÎÖÓºÑÂÈÍÓÎØÊÎÈÍο ¢ÈżËÎÈÓÎØÓºÍÈÖ¼ÒÕÖÍÀÔØÌοÍÓÀÈÓÇÍ ÉÄ×ÕÑÈÒÓ»ÄÌşÍÈÒÇÓÇÖ×ÑÎÍÇÖÅÎÈÓ»ÓÑÈÀÖ šÄ˼ÒÀ¥Ù½ÍÒÎÍÒÓÎÍÓÄËÈʽÓÕÍÀÍÃÑÐÍÓÎØ ¢Ø¼ÌÏËÄÍÓÎÍ ÓÎ ÌÄÓÀÉ¿ÓÎ؏ÌÄÑÈÊÀÍο šÀËÈÁ¼À¢ØŸÒÈÆÊÓÎÍÊÀÈÓÎØ¢ËËÀÍÃο£¼ÓÒÀÑÍÓ ™ÑŸÁÈÓÒÄÊ—¥Ù½ÍÒÎÍÌÏ»ÊÄÒÓÎÆ»ÏÄÃÎÅÎÑÐ ÍÓÀÖÌÎ͟×ÀÌÈÀÏÎÃȟÊÎØÙ¼ÍÀÖÊÀÈÊÀӟÅÄÑÄ ÍÀÓѺÉÄȽËÎÓÎÌ»ÊÎÖÓÎØÆÇϺÃÎØÐÒÏÎØ ÍÀÒØËËÇÅÔļ¥ÎÍÀÆÐÍÀʺÑÃÈÒÄÌÄÒÄÓÎ ™ÑŸÁÈÓÒÄÊ ¥Î¼ÃÈÎÒÊÇÍÈʽÄÏÀÍÀË»ÅÔÇÊÄÓÎÒÓÎÍ ÏÑÎÇÌÈÓÄËÈʽÆØÍÀÈÊÐÍ ÌÄÏÑÕÓÀÆÕÍÈÒÓ»ÀØÓ» ÓÇÅÎџºÍÀÍÍÄÀѽ¢ËËÀÍýÑÀÃÈÎÅÕÍÈʽEK ™ÀͺÍÀÖÀÔËÇÓÈʽÖ×ÐÑÎÖÃÄÍÆËÈÓÐÍÄÈÀϽÓÎØÖ ÔÄÑ̽ÀÈÌÎØÖÄÏÈÃÄÈɼÄÖ•ÈÃÈʟ ÒÓÈÖ—† ÓÇ͏ÆÆ˼ÀÊÀÈÓÇÍ ¥ÎØ«£—Š¥¢ª ØÒÓÑÀ˼À ÓÎÅÀÈͽÌÄÍÎÒÄ „•› ¥— ÀÆÐÍÄÖÊѼÊÄÓ ÏÎÃÎÒÅÀ¼ÑÎØ  џÆÊÌÏÈ ÀÌÄÑÈʟÍÈÊÎØÅο ÓÌÏÎË ÆÊÎËÅ ÀʽÌÀÊÀÈÒÍοÊÄÑ ÀË˟ÊÀÈÌϟÍÓÌÈÍÓÎÍ ÄÏÀÍÀËÀÌ ÁŸÍÄÓÀÈÌÄÌÄƟËÇÒØ×ͽÓÇÓÀ ¥Î ÓÑÄÈÖŸÍÓÑÄÖÃȺÊÎÂÀÍ ÓÎÍÀÆÐÍÀÓÇÖšÏÎØÍÓÄÒ˼ÆÊÀ ÌÄÓÀÉ¿ÓÇÖ«ŸÍÒÀ£½ÒÓÎÊÊÀÈÓÇÖ «ºÑÓÀ”ÄÑÎ˼ÍÎØ ÌÄÀÏÎÓºËÄÒÌÀ †ÀџÉÄÍÇÒØÍ»ÔÄÈÀÍÀÌÏÎØʟÑÄÈʟÏÎÈ ÍÀÄÏÈÁËÇÔļÒÓÎØÖÆÇÏÄÃο×ÎØÖ ÎÖÒÓÎÍÀÆÕÍÈÒÓÈʽ×ÐÑÎÄͽÖÊÀӟÌÄ ÏѽÒÓÈÌοÂÎØÖÄØÑÐ ÆÈÀÄËËÈÏ»̺ÓÑÀÀÒÅÀËļÀÖ ÒÓÎØÆÇϺÃÎØÎ˽ÆØÌÍÎÖ ̽ÍÎÊÀÈ̽ÍÎ ¢ÌÄÆÀË¿ÓÄÑÎÖÏÎÍÎʺÅÀËÎÖ ÆÈÀÍÀÓÎÍÃÎØÍÊÀÈÍÀÓÎͨÏȟÒÎØÍ ÓÕÍÃÈÎÑÆÀÍÕÓÐÍÀÔËÇÓÈÊÐÍ

ÓÀ͏ÏÑÈ˼Î؏ÆÆ˼ÀÊÀÈ ÀË˼ÀºÃÈÍÀÍÒÊËÇÑ»̟×ÇÒÓÎÒӟÃÈÎ ¥ÎؼÊÄÍÀÌÓÎØ„ÎÍüÍÎØ ½ÓÀÍÎ×ÑÎÍÎÖ ØÒÓÑÀ˽ÖšŸÈÊË¢´šÏџÈÀÍÉÄ׿ÔÇÊÄÆØÌͽÖ ÒÓÎÆ»ÏÄÃÎÄÍÐÏÈÎÍÃÄʟÃÕÍ×ÈËȟÃÕÍÄÌÁѽ ÍÓÇÓÕÍÀÍÔÑÐÏÕͥκÊÀÍÄÆÈÀºÍÀÒÓμ×ÇÌÀ ÃÎËÀѼÕÍ ÓÈÌÕÑ»ÔÇÊÄÌÄÏѽÒÓÈÌÎÃÎËÀѼÕÍ ÊÀȺ×ÀÒÄÓÇÃÎØËÄȟÓÎØÕÖ×ÑÇÌÀÓÈÒÓ»ÖÒÄËÎÍ ÃѺÙÈÊÇÄÓÀÈÑļÀ ¥ÑÄÈÒ»ÌÈÒÈÃÄÊÀÄÓ¼ÄÖÀÑƽÓÄÑÀ ÃÇËÐÍÄÈÀʽÌÀ ÏÈÊџÌÄÓÀÍÈÕ̺ÍÎÖ¦ÈÒԟÍÎÌÀÈÄÍÎ׺Ö—ÃÈÊ» ÌÎØÁËÀÊļÀÀÍÀÏÀџ×ÔÇÊÄÊÀÈÒØÍÄ×¼ÙÄÓÀÈ̺×ÑÈ ÓÐÑÀ§ ûËÕÒÄÏÑÈÍÀϽÿÎ×ѽÍÈÀÒÄÀØÒÓÑÀËÈ ÀͽÓÇËÄÎÏÓÈʽüÊÓØ֏ÍÎ ÅÕÓÎÆџÅÎÖ ·ÀÍ šÏџÍÓÒÎÃÄÍļ×ÄÓÑÀÁ»ÉÄÈÄÊļÍÇÓÇÅÕÓÎÆÑÀ żÀ ÏÈÔÀͽÓÀÓÀÓ¼ÏÎÓÀÀϽ½ÒÀÀÊÎËοÔÇÒÀÍ ÃÄÍÔÀļ×ÄÒØÌÁļ¥½ÓÄÃÄÍØÏ»Ñ×ÀÍÓÇËÄÎÏÓÈʺÖ ʟÌÄÑÄÖÊÀÈ ÊÀӟϟÒÀÏÈÔÀͽÓÇÓÀ ÃÄÍÔÀÀÍÓÈ

Š†¢£™¢ª„¥¢ª£

ƒºÀÌÀϺÑÀ ÀϽÓÎÆÊÎË

ÌÄÓÐÏÈÙÀŸËËÀÏÑÎÁË»ÌÀÓÀ ÀÅοϺÑÀÀϽÓÎØÖ ÔÄÀÓºÖÊÀÍļÖŸËËÎÖ  ÃÄÍÔÀ̟ÔÀÈÍÄÓÈ ļ×ÄƼÍÄȧ ¥ÎÀÒÓØÍÎÌÈʽÏÇË»ÊÈÎÏÎØÄÊļÍÄÖÓÈÖÒÓÈÆ̺Ö ºÊÑØÂÄÓÀÏÈÎÏÑÎÒÕÏÈʟÒÕÌÀÓÈʟÃÄÃÎ̺ÍÀ ÓÎØ¢´šÏџÈÀÍ ÀÅοʽÒÌÇÒÄÄϼÒÄÈџÄÓÐÍÓÇÍ À¼ÔÎØÒÀÄÊÃÇËÐÒÄÕÍÄͽÖÒÕÌÀÓļÎØџÆÊÌÏÈ  ÃÇÌÎÏÑÀÓ»ÔÇÊÄÓÎÆÈÀÅÈËÀÍÔÑÕÏÈÊοÖ ÒÊÎÏοÖÀÏÎźÑÎÍÓÀÖÓÎÏÎÒ½ÓÕÍÄØÑÐ ¢¼ÃÈÎÖÄϺÒÓÑÄÂÄÒÓÇšÄËÁοÑÍÇÆÈÀÍÀÒØÍÄ×¼ ÒÄÈÄÊļÓÇÍÊÀÑȺÑÀÓÎØÒÓÎ×ÑÇÌÀÓÈÒÓ»ÑÈÎ

ÄÊÃÇËÐÒÄÕÍÀÊοÄÈÒÓνÍÎÌÀšÀÑÊ£½ÌÏÄÑÓÖ ÊÀÈļÍÀȬÆÆËÎÖ­×ÄÈÃÈÀʽÂÄÈÃÄʟÃÄÖÒØÍÀ ÍÓ»ÒÄÈÖÒĽËÎÓÎÍʽÒÌÎ ÀʽÌÀÊÀÈÀÆÐÍÀ ʺÑËÈÍÆÊÒÓÎØÖ×ÄÈÌÄÑÈÍοÖ¢ËØÌÏÈÀÊο֏ÆÐÍÄÖ ÓÎØ ÄÍÐÃÈÀÓÇÑļÊÀÈÈÒÓÎÒÄ˼ÃÀÄÈÃÈʟ ÀÅÈÄÑÕ̺ÍÇÒÓÀÊÀÓÎÑÔÐÌÀӟÓÎØ XXX UIFTUSFBLFSPSHVL  šŸËÈÒÓÀ ÆÈÀʟÔÄÓÎبÄÌşÍÈÒÇú×ÄÓÀÈ×ÑÇ ÌÀÓÈʺÖÃÕÑĺÖÆÈÀÅÈËÀÍÔÑÕÏÈÊοÖÒÊÎÏοÖ¢È ÃÕÑĺÖÆÈÀÓÎÄϽÌÄÍÎ×Ó¿ÏÇ̟ÓÎØÔÀÃÎÔοÍ ÒÓÎÍÎÒÎÊÎÌļÎ"MEFS)FZÓÎØ„¼ÁÄÑÏÎØË

1SPQBHBOEÀ

•¼ÏÄÎHBJEBSPT ÓÎÍQFUFJOPÊÄşËÀ —%FMMÊÀÓÀÊѼÍÄÈÓÇÍÏÎËÈÓÈÊ»ÓÇÖ"QQMFÆÈÀÓÎÏÄÑÈÁŸËËÎÍÊÀÈÇ ÏÑÎÒϟÔÄȟÓÇÖƼÍÄÓÀÈÌÏοÌÄÑÀÍÆÊ

 

ØÓ½ ļÍÀÈÓÎÒÊÎÑ ÓÇÖ"QQMF ÒÓÇÍÓÄËÄØÓÀ¼ÀºÊÔÄÒÇÓÇÖ (SFFOQFBDFÆÈÀÓÇÅÈËÈʽÓÇÓÀ ÓÕÍÇËÄÊÓÑÎÍÈÊÐÍÏÑÎÚ½ÍÓÕÍ ÏÑÎÖÓÎÏÄÑÈÁŸËËÎÍ ÏÎØ ÓÇÍÊÀÓÀӟÒÒÄÈ̽ËÈÖÒÓÇ ÇÔºÒÇ—ÏÄÑÈÁÀËËÎÍÓÈÊ» ÎÑƟÍÕÒÇ ÕÒÓ½ÒÎ ÏÎØ ÃÄÍ×ÀѼÙÄÈʟÒÓÀÍÀ½ÓÀÍ ÊѼÍÄÈÊÎËÎÒÒÎ¿Ö ļ×ÄÊÀÈ ºÍÀÍÊÀ˽˽ÆÎÍÀÏÄÈÆÈÀÓÇÍ ÄÓÀÈÑļÀÀϽÓΙÎØÏÄÑÓ¼ÍÎ ™ÀÓÀÆџÅÄÈÌÄÔÄÓÈʟÒ×½ËÈÀÓÇÍÄɟ ËÄÈÂÇÓÕÍÄÏÈÁÑÀÃØÍÓÈÊÐÍÅ˽ÆÀÖ ÊÀÈÓÕÍÓÎÉÈÊÐÍ17$ÀϽÓÇÍ ÆʟÌÀÓÕÍÅÎÑÇÓÐÍØÏÎËÎÆÈÒÓÐÍ  ÓÕÍJ1PEÊÀÈÓÕÍJ1IPOFË˟ÓÀ џÌÌÀÓÀÏÎØÌÄÓџÒÓÇÆοÍÀ ÓÇÖļÍÀÈÏÎË¿ÏÄÑÈÒÒ½ÓÄÑÀ ÈÀÓÇÍ"QQMF ÓÎÍÀÏļÒÄÈÓÎÀÆÎ ÑÀÒÓÈʽÊÎÈͽÆÈÀÓÈÖ¦ÏџÒÈÍÄÖ§ÏÑÎ ÒϟÔÄȺÖÓÇÖÀÏÎÓÄËļÏÑÎÓÄÑÀȽÓÇ ÓÀ›À¼ÍÄÓÀÈÒÓÈÖÏѽÒÅÀÓÄÖÃÈÀÅÇ̼ÒÄÈÖ ÓÇÖÆÈÀÓÇÍÓÄËÄØÓÀ¼ÀÆÄÍȟÓÎØ.BDCPPL  ÓÇÖͺÀÖÒÄÈџÖËÀÏÓÎÏÏÎغ×ÄÈËÀÍҟÑÄÈ  ½ÏÎØÃÈÀËÀËļ½ÓÈÀʽÌÀÊÀÈÓÇÒØÒÊÄØÀ Ò¼ÀÌÄ˺ÓÇÒÄÐÒÓÄÍÀ×ÕÑοÍÏÄÑÈÒÒ½ÓÄÑÀ ÒÄʟÔÄÊÎÍÓºÈÍÄÑÊȺÓÒÈÍÀÌÄÈÐÍÎÍÓÀÈ ÓÀ¨ÌÄÓÀÅÎÑÈʟ „¼ÆÄÖ̺ÑÄÖÌÄӟÓÇÃÇÌÎÒ¼ÄØÒÇÓÇÖºÊÔÄ ÒÇÖÓÇÖ(SFFOQFBDF ÇÀÌÅÈÒÁ»ÓÇÒÇÊÀÈ ÓÎÊџÉÈÌÎÆÈÀÓÇÍ"QQMFÒØÍÄ×¼ÒÓÇÊÄ ÀÏѽÒÌÄÍÀÀϽºÍÀÌÏËÎÆʸ×ÈÎÏÎÈÎ ûÏÎÓÄ ÀË˟ÀϽÓÎÄϼÒÇÌÎÌÏËÎÆÊÓÇÖ %FMM ÓÇÖÆÍÕÒÓ»ÖÀÌÄÑÈÊÀÍÈÊ»ÖÄÓÀÈÑļÀÖ ÊÀÓÀÒÊÄØ»ÖØÏÎËÎÆÈÒÓÐÍ  ÎÒÄÏÕË» ÒÄÈÖÒÓÎÍʽÒÌÎÊÀÈÒÊËÇÑοÀÍÓÀÆÕÍÈÒÓ» ÓÇÖ"QQMF—ÊÀÓÀ×ÐÑÇÒÇØÏÎÆÑÀŽÓÀÍ ÀϽÓÎÍÀÍÓÈÏѽÄÃÑΚÏÎÌφ¼ÑÒÎÍ ØÏÄ¿ ÔØÍÎÃÇÌÎÒ¼ÕÍÒ׺ÒÄÕÍÓÇÖ%FMM ÇÎÏμÀ  ÏÀÑÄÌÏÈÏÓ½ÍÓÕÖ »ÓÀÍ̽ËÈÖÿÎÔºÒÄÈÖ ÂÇ˽ÓÄÑÀÀϽÓÇÍ"QQMFÒÓÇ˼ÒÓÀÓÇÖ (SFFOQFBDF  šÄÓ¼ÓËΦ¥ÎÏÑÀÆÌÀÓÈʽͽÇÌÀÓÎØÍÀ ļÒÀÈÏџÒÈÍÎÖ§ Ά¼ÑÒÎÍÃÇËÐÍÄȺÊÏËÇ ÊÓÎÖÆÈÀÓÎØÖÈÒ×ØÑÈÒÌοÖÓÇÖ"QQMFÏÄѼ ÓÕÍÄÏÈýÒÄÐÍÓÇÖÒÓÇÅÈËÈʽÓÇÓÀÏÑÎÖÓÎ ÏÄÑÈÁŸËËÎÍÊÀÈÓÇÖÀÒÊļÒÊËÇÑ»ÊÑÈÓÈÊ» ÒÄÓѼÀ̺ÓÕÏÀ†ÑÐÓÎÍ ÓÇÍÊÀÓÇÆÎÑļ½ÓÈ ÀÏÎØÒȟÙÄÈÀϽÓÎÍÃȟËÎÆÎÌÄÓÀÉ¿ÓÕÍ ÄÓÀÈÑÄÈÐÍÀÍÀÅÎÑÈʟÌÄÓÈÖÏÄÑÈÁÀËËÎÍÓÈ ʺÖÏÑÕÓÎÁÎØ˼ÄÖ‚Ä¿ÓÄÑÎÍ ÀÏÎÑѼÏÓÄÈ ÓÎÍÈÒ×ØÑÈÒ̽ÓÇÖ½ÓȦº×ÄÈÓÀÏÈÎÏџÒÈÍÀ ËÀÏÓÎÏÒÓÎÍʽÒÌΧ¥Ñ¼ÓÎÍ ÊÀÓÀÊѼÍÄÈ ÓÇÍÄÏÈÊÎÈÍÕÍÈÀÊ»ÏÎËÈÓÈÊ»ÓÇÖÊÀÈÓÎØÖ ÒØÒÓ»ÍÄÈÍÀÀÒ×ÎËοÍÓÀȦÌĺÑÆÀÊÀȽ×È ÌÄÃÈÀÅÇ̼ÒÄÈÖ§›ØÒÈʟ ÃÄÍÏÀÑÀËļÏÄÈÍÀ ÀÍÀźÑÄȺÏÄÈÓÀÀϽʟÔÄÅџÒǽÓÈÇÃÈÊ» ÓÎØÄÓÀÈÑļÀÏÀÑÎØÒȟÙÄÈÊÀË¿ÓÄÑÄÖÄÏÈý

ÒÄÈÖ ¥ÈÓÎ ´ÔÄËÄÓÎ ÌÏ˽ÆÊÈÍÆÊš´ÀØӟ ÊÀÈÌ´ÀØӟ ŸÍÎÈÉÄ×ÕѼÖ ÍÀÓÎÏÄÑÈ̺ÍÄÈÓÎØÖÀÒÊοÖÓÎ؏ȽËÎØ ÆÈÀÓÎÃÈʽÓÎØÌÀÆÀÙ¼†ÑÎÏÀÑÀÌÎÍ» †ÑÕÓÎ×ÑÎÍÈŸÖ Ç8BMM4USFFU+PVSOBMÃÇÌÎ Ò¼ÄØÒÄÓÇÃÈÊ»ÓÇÖÄÍÃÄËÄ×»ºÑÄØÍÀÒ×Ä ÓÈʟÌÄÓÎØÖÈÒ×ØÑÈÒÌοÖÓÇÖ%FMMÈÀÓ¼ÊÈ ÄÊļÍÇÃÄͺ×ÄÈØÏÄÑÇÅÀÍÄØÓļ˼ÆÎÄÊÏѽ ÒÕÏμÓÇÖûËÕÒÀÍÓÎÊÀËÎÊÀ¼ÑÈÓÎØ ½ÓÈÇÄÓÀÈÑļÀºÆÈÍĦÎØúÓÄÑÇÕÖÏÑÎÖÓÎ ÃÈÎÉļÃÈÎÓÎØŸÍÔÑÀÊÀ§ ÄÍÍÎÐÍÓÀÖ½ÓÈÇ ÒØÍÎËÈÊ»ÃÑÀÒÓÇÑȽÓÇӟÓÇÖÃÄÍÏÑÎÒÔº ÓÄÈ$0ÒÓÎÏÄÑÈÁŸËËÎÍ¢ÈÒ×ØÑÈÒ̽Ö»ÓÀÍ Ó½ÒÎÃÈÄÉÎÃÈÊ½Ö ÏÎØÒÓÎÍØÏÎËÎÆÈÒ̽ÓÎØ ÏÀÑÀƽÌÄÍÎØÀÄѼÎØØÏÎ˽ÆÈÒÀÍ̺×ÑÈ ÊÀÈÓÀÓÀɼÃÈÀÏÎØʟÍÎØÍÎÈØϟËËÇËμ ÓÎØÖÌÄÀÄÑÎÏ˟Í΢ÒØÍӟÊÓÇÖÓÇÖ8BMM 4USFFU+PVSOBMÀÏÎÑѼÏÓÄÈÓÎØÖØÏÎËÎÆÈ ÒÌοÖÀØÓοÖÕÖÄÍÓÄËÐÖËÀÍÔÀÒ̺ÍÎØÖ  ÊÀÔÐÖÇÄÓÀÈÑļÀ¦Éº×ÀÒħÍÀÒØÌÏÄÑÈ˟ÁÄÈ ÓÇÍÏÀÑÀÆÕÆ»ÃÈÎÉÄÈüÎØÀϽÓÎØÖÏÑÎÌÇ ÔÄØÓºÖÓÇÖÀËØÒ¼ÃÀÖÏÀÑÀÆÕÆ»ÖÓÇÖ ÓÇ ÌÄÓÀÅÎџÓÕÍÏÑÎÚ½ÍÓÕÍÓÇÖÀË˟ÊÀÈÓÀ ÊÀ¿ÒÈÌÀÏÎØÊÀ¼ÆÎÍÓÀÈÆÈÀÍÀÓÀÓÑÎÅÎÃÎ Ó»ÒÎØÍÌÄÑÄ¿ÌÀ —ÈÒÓÎѼÀÃÈßÒÊÄÈÿÎÏџÆÌÀÓÀ¥ÎÅÀÍÄ ѽ ½ÓÈÏѺÏÄÈÍÀÏÑÎÒº×ÄÈÖ½ÓÀÍÒÇÌÀÃÄ¿ ÄÈÖÌÄÓÎß×ÓØËÎÀÍÃÄͺ×ÄÈÖÒÈÆÎØÑÄØÓļ ÆÈÀÓÎÍÄÀØÓ½ÒÎØ ÀË˟ÊÀÈÓÎÊÑØŽ½ÓÈ ÀØÓ»ÇÓÑÀÁÇÆ̺ÍÇÀϽÓÀÌÀËËȟ¦Ïџ ÒÈÍǧÈÒÓÎѼÀÓÕÍÌÄƟËÕÍÁÈÎÌÇ×ÀÍÈÐÍ ÄÌÏÄÑȺ×ÄÈÌÄƟËÄÖýÒÄÈÖ¨ÃÇÌÈÎØÑÆÈÊ»Ö ËÎÆÈÒÓÈÊ»Ö ‚—š—¥£—Šš†¢ª ˜Š

š¬«®£¤£Þ$IL?>I




†žŠ šŠ”„•†¢ª —•„„‚Š¥‚˜•ƒ —š•Š ¥ÎØ‚—š—¥£—š†¢ª ˜

›ž¥¢£•†¢£¥–

¥ÎÌÏÎÚÊÎӟÙÓÎØÄØÑÐ

—$*"ÄÓÎÈ̟ÙÄÈ×οÍÓÀ

†Ñ¼ÆÊÈÏÀÖ¥ÎØÑÒ¼

¦™ÄØÑÐÊÀÈÄÍÓÎϼÒÓÄÓÇÍÄϟÍÕÃÄÉȟÆÕͼÀ

¦¥ÒÓÇÍ•Ë˟ÃÀ¼ÒÕÖÊÑ¿

¥ÎØÏÎØÑÆļάÌØÍÀÖÓÇÖ˜ÀÏÕͼÀÖÄÏÈ×ÄÈÑļÍÀÄÉÕÑÀÜÒÄÈ ÓÎÏÑÎżËÓÕÍÄͽÏËÕÍÃØ͟ÌÄÕÍÓÇÖ×ÐÑÀÖÅÈËÎÓÄ×ÍÐ ÍÓÀÖºÍÀÍʽÌÈÊÖ»ÑÕÀ ¥ÎؘŠ¢ ™ ¥

ÎÈӟÉÓÄÎÏÎÈÎûÏÎÓÄ×ÀÑÓÎͽÌÈÒÌÀÓÎØ

ÓÇÖÏËÄØџÖÌÄÓÎÍןÑÓdžÑÈÍÀϽÓÎÍÒÄÈÑÈÀʽ ÀÑÈÔ̽ ØϟÑ×ÄȺÍÀËÀÓÈÍÈʽÆџÌÌÀ•¼ÍÀÈÎÊÕÃÈʽÖ ÓÇÖÄÔÍÈʻ֙ÄÍÓÑÈʻ֥џÏÄÙÀÖÏÎØÄɺÃÕÒÄÓÎ ×ÀÑÓÎͽÌÈÒÌÀ ¯½×ÈÀÏÀÑÀÈÓ»ÓÕÖ ÓÇÖ×ÐÑÀÖ½ÏÎØ ÓØÏÐÔÇÊďͺ×ÄÓÄ ºÍÀ×ÀÑÓÎͽÌÈÒÌÀ ÌÄÓÎÆџÌÌÀª ¯ÎÊÕÃÈʽÖÆÈÀÓÇÍ •Ë˟ÃÀ¯ÏÈÔÀͽÍ ÍÀÔÄË»ÒÄÓÄÍÀ ÓÎÀÍÓÀË˟ÉÄÓÄ  ÌÄӟÓÇÍÓÀÏÄÈÍÕÓÈÊ»ÀϽÅÀÒÇÓÇÖ4UBOEBSE 1PPS´TÍÀØÏÎÁÀÔ̼ÒÄÈÓÇÍÏÈÒÓÎËÇÏÓÈÊ» ÈÊÀͽÓÇÓÀÓÇÖ×ÐÑÀÖÀϽÒď<>†ÎËËμ ÆÄÑÌÀÍμÊÀÓÀÔºÓÄÖÀÍÇÒØ×οÍÄÃÐÊÀÈÊÀÈѽÆÈÀ ÓÎÀØÉÀͽÌÄÍÎןÒÌÀÌÄÓÀÉ¿ ½ÓÎØÊÀÈ”ÎÑџ ÓÇÖ••È´ÀØÓ½ÌÏÎÚÊÎӟÑÎØÍÓÀ×ÀÑÓÎÍÎ̼ÒÌÀÓÀ ÓÎØ ½ÓÎØÊÀÈÀÏÀÈÓοÍÃÈʟÓÎØÖ¯ÌÄÓÎÆџÌÌÀ «¸ÏÕÖÀÍÀźÑÎØÍÆÄÑÌÀÍÈʺÖÄÊÔºÒÄÈÖ ½ËÎÊÀÈ ÏÄÑÈÒÒ½ÓÄÑÎÈÀÏËμÊÀÓÀÔºÓÄÖʟÍÎØÍÀÍÀË»ÂÄÈÖ ÀÏÄØÔļÀÖÀϽÓÎÓÀÌļίÀÍÓ¼ÀϽÓÀ"5.T¯ ÐÒÓÄ ÍÀÄ˺Æ×ÎØÍÄØÊÎ˽ÓÄÑÀÓÀ×ÀÑÓÎÍÎ̼ÒÌÀÓÀÍÀØӟ źÑÎØÍÓÎÍÊÕÃÈʽª»4<˜ÓÀ˼À>»7<˜ÒÏÀͼÀ> ÙÇÓοÍ ÍÀÓÀÀÍÓÀË˟ÉÎØÍÌÄŸËËÀÌÄÓÎÍÊÕÃÈʽ« ÏÎØ ÓØÏÐÍÎÍÓÀÈÒÓΔÄÑÎ˼ÍΧ .BSHBSFUB1BHBOP *OEFQFOEFOU 

¢È¨×ÀϟÊÇÃÄÖÓÕ͏ÔÇÍÐÍ

¦—ÒÄ×ÐÑÀÒÓÇÍ•ØÑÐÏÇ ÌÄÓÎØÖ­ËËÇÍÄÖ¯ÓÎØÖ ÊÀÓÀ͟ËÕÒÇÀÍÓÈÁÈÎÓÈÊÐÍÃÈÀźÑÄÈÀϽ×ÐÑÀ

†

ÐÖÔÀÀÍÓÈÃÑοÒÀÍÎÈ­ËËÇÍÄÖÀͺÍÀÖ¦†Ñ¼ÆÊÈÏÀÖ¥ÙÀÓÙ¼ÊȧÄÊÏÑÎÒÕ ÏοÒÄÓÈÖÄËËÇÍÈʺÖºÍÎÏËÄÖÃØ͟ÌÄÈÖ ¶ÃÇÀϽÓÎÍ›ÄÁÑÎ؟ÑÈÎÓÎØ ºÍÀÆÈÀÏÕͺÙÈÊÎÊÀÑÓοÍ ļÍÀÈÆÍÕ ÒӟÕÖ̟ÍÆÊÀ Φ†Ñ¼ÆÊÈÏÀÖ¥ÎØÑÒ¼§ ÀÏÎÓÄËļ̺ÒÀÀϽÓѼÀʽÌÈÊÖŸËÌÏÎØÌ ÓÎÍÄϼÒÇÌÎÏÑÄÒÁÄØÓ»ÓÕÍÄͽÏËÕÍÃØ͟ÌÄÕÍÓÇÖ×ÐÑÀÖ ¸ÏÕÖûËÕÒÄÒÓÎ"TTPDJBUFE1SFTTÎÄÊÏѽÒÕÏÎÖÓÎØØÏÎØÑÆļÎجÌØÍÀÖ ŠÎӟÑ΁ÈÀ͟ÆÊÈ ¦Î†Ñ¼ÆÊÈÏÀÖ¥ÎØÑÒ¼ļÍÀÈÇÌÀÒʽÓÌÀÖÆÈÀÓ¼ÄÌÏͺÄÈÓÇÍÀƟÏÇ  ʟÓÈÓÎÎÏμÎÄÏÈÃÈÐÊÄÈÎÒÓÑÀÓ½ÖÓÇÖ×ÐÑÀÖ§ ¢ÈÈÀÏÕÍÈʺÖÀÑ׺ÖÁÀÒ¼ÙÎØÍÏÎË˟ÒÓÎ͆ѼÆÊÈÏÀ¥ÎØÑÒ¼ÏÑÎÊÄÈ̺ÍÎØÍÀÏÑÎ ÁŸËÎØͺÍÀÏÈÎÅÈËÈʽÏѽÒÕÏÎÓÎØÒÓÑÀÓοÒÓÎØÖÏÎ˼ÓÄÖÓÇÖ×ÐÑÀÖÀË˟ÊÀÈ ÒÓÎØÖÊÀ׿ÏÎÏÓÎØÖÆļÓÎͺÖÓÇÖ ½ÏÕÖÇ™¼ÍÀÊÀÈÇ ½ÓÈÀ™ÎѺÀ ÏÎØÀʽÌÇ ÃÄͺ×ÎØÍÉÄÏÄџÒÄÈÓÀÓÑÀ¿ÌÀÓÀÓÎØ”´†ÀÆÊÎÒ̼Î؆Î˺ÌÎØšÄӟÓÇÍ»ÓÓÀ ÒÓÎÍϽËÄÌÎÊÀÈÓÇÍÀÓ¼ÌÕÒÇÓÇÖÀÌÄÑÈÊÀÍÈÊ»ÖÊÀÓÎ×»Ö ÎȦ˜ÀÏÕÍÈʺÖ‚Ø͟ÌÄÈÖ ØÓΟÌØÍÀÖ§ ½ÏÕÖÎÍÎ̟ÒÓÇÊÀÍ ÏÄÑÈÎѼÒÓÇÊÀÍÀϽÓÎÈÀÏÕÍÈʽŠ¿ÍÓÀÆÌÀ ̽ÍÎÒĦÄÈÑÇÍÄØÓÈÊο§×ÀÑÀÊÓ»ÑÀÄÏÈ×ÄÈÑ»ÒÄÈÖ†ŸÍÓÕÖ ÀØÓ½ÃÄÍÄÌϽÃÈÒÄÓÇÍ ÊØÁºÑÍÇÒÇÍÀÒÓļËÄÈÒÓÑÀÓÄ¿ÌÀÓÀÒÓΘџÊÓÎ ºÒÓÕÊÀÈÒÓÎÏËÀ¼ÒÈÎÓÇÖ ¦ÀÍÎÈÊÎýÌÇÒÇÖ§ÓÇÖØϽÊÀÓÎ×»×ÐÑÀÖ

 š¬«®£¤£Þ$IL?>IÙ٘ІÂżÞÞ¡·ÀÁÆ·ÃÒÁÆÞ

ÏÈÎÒØÒÓÇÌÀÓÈÊοÖ×Ñ»ÒÓÄÖ¯ÍÀÓÀÏÀ¼ÑÍÎØÍÅÎѺÖ ÒØ×ͽÓÄÑÀÀϽ½ ÓÈÎÈ‚ÀÍμ¯ÎÈÎÏμÎÈÓÀÊÀÓÀÍÀ ËÐÍÎØÍËÈƽÓÄÑÎÀϽ½ËÎØÖÒÓÇÍ•ØÑÐÏNJĺÑÄØÍÀ ÓÎØ ÒÓÇÍÎÏμÀÎÈÄÑÕÓÐÌÄÍÎÈÀϟÍÓÇÒÀÍÀÍÐ ÍØÌÀ ÎÈ­ËËÇÍÄÖÏÀÈüÀÓÑÎÈûËÕÒÀͽÓÈÓÎÓÕÍ ÆÎÍÈÐÍÀÏÀÈÓοÒÄ ÀÍÓÈÁÈÎÓÈʟÄÍÐÓÀ ÏÀÈÃȟÓÎØÖºÏÀÒ×ÀÍ ÀϽÊÎÈͽÊÑ¿ÕÌÀ Ê½ÌÇÊȽÓÀÍÏËÇ ÑÎÅÎÑοÍÓÀÍÀϽ ÓÎØÖÆÈÀÓÑοÖ½ÓÈ ÓÀÀÍÓÈÁÈÎÓÈʟÃÄÍ ÊÀÓÀÏÎËÄÌοÍÓÎØÖ ÈÎ¿Ö ÓÕÍÆÎÍÈ ÐÍÄϺÌÄÍĽÓÈÃÄÍ ļÍÀȺÓÒÈ ÐÒÏÎØÎÈ ÆÈÀÓÑμÄͺÃÈÃÀÍ<> ¥ÎÒÓÇ͏ԻÍÀ  ÄÑÄØÍÇÓºÖÏÎØÏÀѼ ÒÓÀÍÀÍÓÎØÖÀÒÔÄÍļÖ ÊÀӟÅÄÑÀÍÍÀÏÑÎÌÇÔÄØÓοÍÀÍÓÈÁÈÎÓÈʟ×ÕѼÖÒØÍÓÀ Æ»ÆÈÀÓÑοÒ×ÄýÍÀϽ½ËÀÓÀÅÀÑÌÀÊļÀÒÓÀÎÏμÀ ÀÏÄØÔ¿ÍÔÇÊÀͧ &DPOPNJTU 

†¢ ¥˜™˜(MPCBM QPOUJLJHMPCBM!HNBJMDPN

•™‚¢¥—Š

 ¥ž —Š‚•„„¥¢„Š

ÀÄÏÄÈÒ½ÃÈÀÀÊÑÀ¼ÀÖÁ¼ÀÖ

ÁÎØÍϼÒÕÓÎØÖºÍÀÒ׺ÃÈÎÏÑÀ ÉÈÊÎÏ»ÌÀÓÎÖÊÀÈÓÇÍÄÆÊÀӟ ÒÓÀÒÇÌÈÀÖͺÀÖÊØÁºÑÍÇÒÇÖ  ÏÈÎÅÈËÈÊ»ÖÒÓÇÍÇÆÄÌÎͼÀÓÕÍ —† ÕÖÀÍÓ¼ÌÄÓÑÎÒÓÇÍÀØÉÀ ͽÌÄÍÇÄÏÈÑÑλÓÇÖ£ÕÒ¼ÀÖ ÒÓÎÁÀËÊÀÍÈʽÊџÓÎÖ‚ÄÍÔÀ ļÍÀÈÇÏÑÐÓÇÅÎџÏÎØÇ$*" ÁÎÇԟºÍÀÓºÓÎÈÎÒ׺ÃÈÎ<>¢ ÄËËÇÍÈʽÖÒÓÑÀÓ½ÖÄÍÄÑÆÎÏμÇ ÒÄÓÎÒӟÃÈÎÒØÍÀÆÄÑÌοÊÀÈŸÑ×ÈÒÄÍÀÏÑÎÄÓÎÈ̟ÙÄÈ ÓÈÖÃØ͟ÌÄÈÖÓÎØÆÈÀÍÀÀÍÓÈÓÀ×ÔļÒÓÎØÖÏÎ˼ÓÄÖ ÌÄ ÄÍÓÎË»ÍÀ×ÑÇÒÈÌÎÏÎÈ»ÒÎØÍÅÎÍÈÊ»Á¼ÀÀÍÀÈÒÔÀÍÔοÍ ±ÀÏÄÈËοÌÄÍÎȲ„ÄÏÓÎ̺ÑÄÈÄÖÓÕÍÒ×ÄüÕÍ»ÑÔÀÍÒÓÎ ÅÕÖ½ÓÀÍÄÊÀÓÎÍӟÃÄÖ­ËË»ÍÕÍÒÓÑÀÓÈÕÓÐÍÀÍÓÈÒӟ ÔÇÊÀÍÒÔÄÍÀџÒÓÎÍÀ×ÑÇÒÈÌÎÏÎÈÇÔοÍÕÖ±ÃØ͟ÌÄÈÖ ÊÀÓÀÒÓÎË»ÖÊÀÈÓѽÌÎز§ 1BVM+PTFQI8BUTPO QSJTPOQMBOFUDPN 

¦¶ÌÎØÍÊÈÄÆÐÄÊļ§

¦¹Í½ÌÄÍÇÖºÍÓÀÒÇÖÒÓÈÖÒ׺ÒÄÈÖÓÕ͏ÔÇÍÀ¼ÕÍ

ÒÓÄÑÀÀϽ×ѽÍÈÀÌÈÊÑÎÄÏÄÈÒÎüÕÍÊÀÈÀØÉÀ

ÏÎËÈÓÐÍÌÄÓÇÍÀÒÓØÍÎ̼À ǏԻÍÀÒÄȽÓÀÍÀϽ ÓÈÖÓÀÑÀ׺Ö¯ÊÈÄÆлÌÎØÍÄÊļ­ÌÄÍÀÒÓÇÆÄÈÓÎ ÍȟÓÎ؆ÀÆÊÑÀÓ¼ÎØÆÈÀÓÎ×ÄÈÌÄÑÈͽÄɟÌÇÍÎÓÎØ †ÀÍÄÏÈÒÓÇ̼ÎØ<>¢È­ËËÇÍÄÖÒØ×͟×ÑÇÒÈÌÎÏÎÈοÍ ÓÈÖÃÈÀÃÇËÐÒÄÈÖÊÀÈÓÈÖÓÀÑÀ×ºÖ ½ÏÕÖÏÄѼÏÎØÎÈ ÌÄÑÈÊÀÍμ×ÑÇÒÈÌÎÏÎÈοÍÓÈÖÊÀÌϟÍÈÄÖÒØËËÎÆ»Ö ØÏÎÆÑÀÅÐÍÊÀÈÓÈÖÏÑÎÒÅØƺÖÒÓÇ‚ÈÊÀÈÎÒ¿ÍÇ<> —ÄÌÏÄÈѼÀÌÎØÒÓÇÍ•Ë˟ÃÀÌĺÊÀÍÄÍÀÒØÍÄÈÃÇ ÓÎÏÎÈ»ÒÕ½ÓÈÎÈÓÀÑÀɼÄÖ¯ļÓÄ»ÓÀÍÀÍÀÑ×ÈÊμļÓÄ ÒÎÒÈÀËÈÒÓºÖ»ÀÏËÐÖÀÑÈÒÓÄÑÈÒÓºÖÅÎÈÓÇÓºÖ¯»ÔÄËÀÍ ÍÀÀÏÎÓѺÂÎØÍÓÈÖÒØͺÏÄÈÄÖÓÎØÊÀÏÈÓÀËÈÒÌοÊÀÈ Í´ÀË˟ÉÎØÍÓÇÒØÌÏÄÑÈÅÎџÓÇÖÀÒÓØÍÎ̼ÀÖÌÄÓÎÍ ̽ÍÎÓѽÏÎÏÎØɺÑÎØͧ †ÄÑÈÆÑÀÅ»ÌÄÑÈÊÀÍοÅÎÈÓÇÓ»ÒÓÇÍÄÅÇÌÄѼÃÀ ÓÎ؆ÀÍÄÏÈÒÓÇ̼ÎØ#SBOEFJT 5IF+VTUJDF —† 

ŠÏ¼ÓÈÀ»¦ÒϼÓÈÀ§

¦¥ÊÀÈÌÏÎØÑúËÀ<>±†ÀџÓÎÆÄÆÎͽÖ½ÓÈÓÀ

ÀÀÑ×À¼ÀÄËËÇÍÈʟÒϼÓÈÀ»ÓÀÍÏÀџËËÇËÀÏÀÌÏ

ÊÀÏÇËÄȟ ÒÒÒÓÇÍÀÑ×À¼À•Ë˟ÃÀ ÀÍÀźÑÎÍÓÀÈ ÒØ×͟ÒÓÀºÑÆÀÓÕÍÊËÀÒÈÊÐÍ ÏÎÓºÃÄÍØÏ»ÑÉÄ ÅØÒÈÊ»ÀϽÃÄÈÉÇÓÇÖ¿ÏÀÑÉ»ÖÓÎØÖ²ûËÕÒÄÇ$MBSF ,FMMZ#MB[FCZÓÎ؆ÀÍÄÏÈÒÓÇ̼ÎØÓÎØ-FFET<> ªÏÎÏÓÄؽÌÄÍǽÓÈʟÓÈÓÇÖɺÅÄØÆÄ ÄɺÓÀÒÄÄØÑ» ÌÀÓÀÊÀÓÎÈÊÈÐÍÓÇÖÏÄÑȽÃÎØÏ«•ÍÓ¿ÏÕÒÇ ÓÇÖÏÑÎɺÍÇÒÀÍÎÈÄÊÀÓÎÍӟÃÄÖÏÎÓÇÑÈÐͯÏÎË¿ ÏÄÑÈÒÒ½ÓÄÑÀÀϽ½ÒÀÔÀ×ÑÄȟÙÎÍÓÀÍÀʽÌÀÊÀÈÆÈÀÓÎ ÌÄÆÀË¿ÓÄÑÎϟÑÓÈ—ÏÈÎËÎÆÈÊ»ÄÉ»ÆÇÒÇ Ò¿ÌÅÕÍÀ ÌÄÓÇÍ#MB[FCZ ļÍÀȽÓÈÓÀÄËËÇÍÈʟÒϼÓÈÀºÏÀÈÙÀÍÊÀÈ ÓÎÍѽËÎÓÇÖÏÀÌÏ¢ÈÓμ×ÎÈÓÕÍÒÏÈÓÈÐÍÌÏÎÑļÍÀ ºÊÑØÁÀÍÊÀÈŸËËÄÖ¿ÏÎÏÓÄÖÃÑÀÒÓÇÑȽÓÇÓÄÖ¸ÍÓÕÖ  ÓÎÀËÊÎ½Ë ÓÎÅÀÆÇÓ½ÊÀÈÓÎÒÄÉÃļ×ÍÎØÍÍÀÏ»ÆÀÈÍÀÍ ÏÀʺÓÎÒÓÀÒϼÓÈÀÓÇÖÀÑ×À¼ÀÖ•Ë˟ÃÀÖ§ %JTDPWFSZ$IBOOFM 

ª†•ªƒª ¢˜ «£˜Š¥¢›¢£¢Š™Š‚„—Š  ˜™¢„Š„•¢ ¥¢†¢ª„¢Š Š«•‚˜Š— &TQSFTTP4UVEJP ‚ƒÑÁÀͼÓÇÖ

Šª ¥™¥˜™—¢š‚ «£—Š¥¢Š„•› ¥—Š ”Š˜„—Š‚ •„„—Š ˜Š¢ Š™ ¥Š Š¥•„„™Š‚„— „•…˜™ž Š¥ ¥¢†¢ª„¢ª ‚—š—¥£—Šš†¢ª ˜Š  ¥ž —Š«¥–—Š


 

     

 




%

! 

.?BF: 3@AK3D0AK 

!$ &!*$%&!*!*



BHI=3;@3+J7;FABD!?3 F3E:?!6;3FAK(D;EF1 6AK>AK=3;:%BA>;F;=/&=>:DA@A?;!FAKEF:@ ==>:E0367@70@3;=!F;BAK?BAD7072=A>3@3<7 J3EF70 73@F0G7E:?7F3BD1EHB3FAKB7D;4!>

>A@F1IFAK/3KFA2IBAK4A/G:E7 A;ABA0A;E3@ !@GDHBA;?7F;I3@!9=7I=3;FAKIEK?4;43E?A2I FAKI3=A>AKGA2@B>.A@A=3G70IFA@6;=1FAKFA@6D1?A 7430HIA7DC@K?AI3=A>A2G:E7FA@6D1?AFH@%47>A26;@H@ 3>>39C@&BCI>.93?79;3F:@$E7JAE>A43=03%47>A26;@:7B3@! EF3E:& 3=D;4CI.FE;JHD0I@3G0<7;3@GDCBAKI=3;KBA>/57;I B03DJ;7B;E=AB03I(D;EF16AK>AK7<7>.9:E3@ ?.>:F:IE: ?7D;@/I7D3DJ03I



DCFAI/F3@A?:FDABA>0F:I','31(#.6&-3(.6 .>AI F:I%(DKEAB:9/I& B@7K?3F;=1B3;60FAK?:FDABA>0F:/10'-

$(1!(06!++-(*.8 /F3@KBA5/8;AIEF;I3DJ;7B;E=AB;=.I7 =>A9.IFAKB7D3E?.@AK74DAK3D0AK ;3F:D70=3>.IEJ.E7;I?7 FA@3DJ;7B0E=ABA 3>>!67@B327;@3.J7;FA4>.??3FAKEF:?7 F37DC@K?A7BAJ/ =3G1F; 3D=7F!@.AI3=1?:



"!$

>.57;I9;3F3?7F.B7;F3

&' #

.JAK@=3;A;?:FDABA>0F7I

1.8514$.6 .@3I3B1

&(%$ (

FAKI3DJ;?3@6D0F7IBAKBDA

$$)(

CG:E7ABDA:9A2?7@AI3D J;7B0E=ABAI =3;$2.&!!6 (*+!.6



@7K?3F;=1 B3;60 FAK 3>>0@;=AK70@3;=3;A@K@

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

?:FDABA>0F:I $(1!(06 $ 1!%$, BAKFA+J7;4!>7;3?.F;?AKJ3?.F;@3?3I<38@;!L7;B1F7?7

F;IE=>:D.IG.E7;IFAK=3F!FH@A?A8K>A80>H@=3;B1F7?7F;I7 7JHD;EF/B7D0BFHE:3BAF7>A2@A;?:FDABA>0F7I#22'65 +  +8%#!6 ! +.6 =3; 1!6/(%-(.6 #BDCFAI %AD

G@;=.IFAK7<!DE7;I

  

  F:@A?!63FH@AK67F.DH@F:I7D3DJ03IBAK3=A>AKGA2@FA@ 6;=1FAKI?A@3J;=16D1?AJHD0I@3BA>K3@3=3F72A@F3;EF397@; =1F7D3L:F/?3F33@/=AK@?:FDABA>0F7I1BHIA;!22!-#1$ !6(*#',.6 #1!6%1!, +$84$1.8/+$56182 23.,.6 $22!+(03(#.6 1(++.6 =3; (2!-.8 ! +.6



B1FAKI>3M=A2I ?:=>:D;=A2IEK@7D 9!F7IFAK(D;EF16AK>AKABDCFAI

BAK.8K97/F3@A6;7KGK@F/IF:I==>:

93@HE;3=1I& 3D@70F3;@37@F3JG70E7A?!67I=3;A672F7DAI ; EJKD/BDAEHB;=1F:F3 67@4!L7;!>>AKIB!@H3B1FA=78!>;FAK #FD0FAIL7;3BA?A@H?.@AIEF:?;=D/?:FDABA>;F;=/FAKB7D;8. D7;3 #?:FDABA>0F:I+51-'6 $*+'3.6 B@7K?3F;=1B3;60FAK K9AKEF0@AK3@F;CF: 3=A>AKG70FA@6D1?AFAK%?A@3J;=A2>2

+!

E;3EF;=/I7@FD;=/I'B:D7E03I#;=A@A?; =C@BDC:@4AK>7KF/I023!6 8+!1( -6 'B.43>73<;ABD7BCIF:@B3D30F:E/ FAK=3;B/97EB0F;FAK 7@EK@.4:FA06;A?7FA@EF7@1EK@7D9! F:FA2F1F73DJ;7B;E=1BAK=3;6;7KGK@F/ F/I:K47D@:F;=/ID9!@HE:IF:I ==>:E03I%>>:>7992:&',31'.81

BA>KE.>;6AB1D;E?3F:I.D7K@3IBAK.=3@7 A?:FDABA>0F:I(+//5- 1.*/(.6 B1=A@F!KB!DJ7;=3;FAJD.AIEFAK BAKD970A<HF7D;=C@3B17=70@:F:@3B0 EF7KF:;EFAD03?7F3J3>3E?.@3=AF1BAK>3 BAK7BD1=7;FA@3EF3>A2@9;34A/G7;3EFA

=AK& @!>A9AI70@3;=3;A6D1?AIFAK?:FDABA>0F:!6 , 1 -'6 8,$0- @7K?3F;=1B3;60FAK(D;EF16AK>AK=3F.4:=7?3L0FAKEF:@ G/@33B1FA@1>A A?:FDABA>0F:I!(2!1(!-6!-(+ %A JKDCG:=7&EF::FD1BA>/FAK=3;3=A>AKG70FA@6;=1FAK6D1?A JHD0I@3=D247;F:@3@F0G7E/FAKEF33@A09?3F3FAK7DC@K?AK BDAIFA3@!D; 3;60FAK(D;EF16AK>AK70@3;=3;A?:FDABA>0 F:I $110- $.+&.6 AABA0AI.J7;=3>.IEJ.E7;I?7FA@3DJ;7 B0E=ABA 3>.IEJ.E7;I?7FA@7DC@K?A.J7;=3;A?:FDABA>0F:I

?7F:@ 7D!2@A6A6;7=6;=C@F3I  7KDCHI3BAL:?0HE:7B7;6/3BA>2G:=73 B1F:@.??;EG:G.E:FAKEF:"A?;=/'B:

!+*#.618223.,.6

D7E03F:IK@16AK @F0G7F3 EF:G.E:FAKB3D3?.@7;.@3I

=:I)@G;?AK=3;6;3F:D70=3>.IEJ.E7;I=3;?7FA@3DJ;7B0E=ABA 7@CA?:FDABA>0F:I$1* 1!6$*31(.6 =;3KF1IB7D;>3?

!>>AIEK@7D9!F:IFAK(D;EF16AK>AKEFA

4!@7F3;EFAKI=>:D;=A2IBAK3@.67;<7A(D;EF16AK>AIHI?:

D3870A$2BAKF:I7D!IK@16AK A(01

FDABA>0F:I:?:FD;!6AI6;3F:D70BA>2=3>.IEJ.E7;I=3;EF: D0L7;FA@@K@:?:FD;!6AI9@!F;A

&.6 !2(+$.8 ;>C@F3I9;3FA@7=>;B1@F33DJ;7B0E=ABA G3/F3@B3D!>7;5:@3?:?;>/EAK?7=3;9;3 F:@3DJA@F;=/=3FA;=03FAK KJ;=A2$7>7K

+$,#' BAKAKE;3EF;=!7<3@39=!EF:=7E7 B3D30F:E:

D!= ,6:7B;=783>/IF:I%>>:>7992:I& 70@3;AEK@7D9!F:IFAK7DC@K?AK ,

F303.9;@3@=!F;7<HF7D;=.I?;=DA7B;E=7K

32!6 7@C7==D7?70=3;:3>>39/FAKA@1

.I 3F!F3!>>3 @KJF7D067I=;3D!J@7I #

  ++'+$&& ' AE:?3@F;=1F7DAI7= =>:E;3EF;=1IAD93@;E?1I 6:?;A2D9:?3 FAK(D;EF16AK>AK 4D0E=7F3;E/?7D3EF3 $D0=3>3EF36KAEF7@! B1?.D3E7?.D3 3@3?.@7F3;FAB1D;E?3FH@AD=HFC@>A9;

?3F1IF:I9;3@3?:GK?0L7;E7F0BAF7F:@B3 >;!AD9!@HE: *@3!>>A>3M=1BD1EHBA=A@F!EFA@(D; EF16AK>A A6;7KGK@F/IFAKD3870AK$2 BAKF:IDJ;7B;E=AB/I1'6.-(#1'6

EFC@9;3FA.>>7;??3FH@ 7=3FA??KD0H@ 7KDCBAK4D.G:=7=3;=3F39D!87F3;EFA

67@BD.B7;@33;EG!@7F3;=3;BA>2=3>!F7 >7KF30338A24D0E=7F3;=3;EF36;=3EF/D;3

7DC@K?AI.FE;=;3>>;CI67@B3F!7;7=70 3 8A2?.@7;EFA6;3?.D;E?3EFA@F7>7KF30A 1DA8AF:IDJ;7B;E=AB/IEF:@A61903I ;>AG.:I *FE;7==D7?70:3<;ABA0:E/FAK

#?:FDABA>0F:I (#'1.*231.8!*1(.6 2BD;AIEF:@ =3F39H9/ 70@3;B@7K?3F;=1B3;60FAK?:FDABA>0F:7EE3>A@0

;EF1IJD;EFA6AK>;=1IG7HD70F3;A?:FDABA>0F:I.9-'6

! +.6 7@CA(7-0-$14$.6 67@=D247;BHI8;>A6A<70@382 97;3B1FAB39H?.@A"7KDA=1B;=3;@3?7F3F7G70E7?;3?793>2 F7D::FD1BA>: ;EFA0EFA@?:FDABA>0F:B!DF:I FA@ABA0AEF/D;<3@EF:@3D J;7B;E=AB;=/7=>A9/ B3D3?.@AK@A;?:FDABA>0F7I !310-18 223.,.6 8415- $1!%$, (35+.!*!1-!-!6.2,6 1,!6 ! +.6 =3;1(%8+!618223.,.6 B1FAKIB.@F7?:FDABA>0F7IBAK?.@AK@9;3@3EK?B>:DHG70A

70F79;3F:8;>A<7@03BDAE=7=>:?.@H@F:I

=3F!>A9AIFH@7=>79.@FH@7B03DJ;7B;E=AB03I(D;EF16AK>AKA

==>:E03I70F7?7F:@7@A;=03E/FAK -6H

$!/+$56 !1-"!6 9@HEF1I8;>AB3FD;3DJ;=1I =;@70F3;EF3 B7D;EE1F7D3G.?3F3=A@F!EFA@3DJ;7B0E=ABA # +$)!-#1.8/+$56-4(,.6 70@3;B@7K?3F;=1B3;60FAK

?7@

U


 

!

/@CG; 4ABL4E1BL 

4=;@8ED@4G4G;J ;J

GBA54H3G4GB7<K4F@2FGBLJ

85EBL4E1BLB4EK<8C1F>BCBJ

>2?CBLJG;J8??;A<>0J>B<AIA14J

' ()%."%, B<8E EK;JCBL

U 8@C?B>0GBLBA2@4GBJGBL

4:4C0H;>84C2CB??B3J @<F0H;>8

'E<FG27BL?BLFG;A>E1F;FGB

4C2CB??B3J ??BLJ 4?? G4

4GE<4EK81B8EBFB?3@IA>4<B<

F;@ 7<4GBLFG;A8>>?;F<4FG<>0>4<

>4G4::8?18J:<4G;7E F;LC/EGBL

CB?<G<>0FGBE14GBLG2CBLG4/54?8

/>CGIGBLC4GE< EK; '$%.

54H<  9;F8G;AG8?8LG414GBLCAB0

4AHEDCIACBLKE8DH;>4AFGB

FG;A4EK<8C<F>BC<>0>4GB<>14GBL

4EK<8C<F>BC<>2C8E<5 ??BA 2CIJB

LK<>B3

",

G<J CE<?1BL 3FG8E44C2@<4

U 8@C?B>0>?;E<>DAFG;ALC2H8F;

7E4@4G<>06;9B9BE14 G;JBCB14J

GBLC4E47<>4FG<>B3>L>?D@4GBJ

81K8CEB;:;H81@<4@4>E2KEBA;>4<

U 4<58541IJ;@8: ?;F3:>EBLF;

F>?;E0CEB8>?B:<>0@ K; B

@8GB4GE<4EK81B@849BE@0GB

'E<FG27BL?BJ>4G >2F@BA

>4H8FGDJ7<B1>;F;JGIA

         

 %!' !% '()%,'(!./,8=8?/:;

K4E4>G0E<M8;@BAB>E4GBE14 G;JC4:>BF@<BCB1;F;J @8 8>4GB@@3E<4CB?1G8J 4CB:B;G8L@/ABLJ>4< M4?<F@/ABLJ@CEBFG FG<J E4:7418J4EA;G<>/J8=8?1=8<J 8C<71I=8A4C41=8<E2?B 8HA4EK<>2 4<0EH84AG<@/GICBJ@8 <FKLE2G4G8J7LA @8<J 1K8C<FGB3JBC47B3J4?? >4< BE><F@/ABLJ8KHEB3J -@IJ4>2@; ><4A78AC/GLK8GBAFG2KBGBLB< C8E<FF2G8EB<@CBEB3AA4 FL@9IA0FBLAF,/A4CE @481G8/GF< 81G84??<DJF,4LG G48AA< KE2A<4

4EK<8C1F>BCBJH;ADA>4< F;J

'IEDA& <4F3:>EBLF;C1FI4C2

?? 7BJ

G;ABCB14>EL52G4A;@ K;:<4G;A

$BACEDGB>4<E2BG2G8A/BJ

CEIGB>4H87E14FGBAKDEBG;J

/AGBA4F;@ 7<42K<@2ABFG;A 8>>?;F<4FG<>0 4?? >4<FG;A CB?<G<>0MI0G;JKDE4J

4EK<8C1F>BCBJ/@B<4M84>?2A;GBJ@8

8??;A29IA;J"EHB7B=14J

  

  

<4GBLJ4AG<C ?BLJGBL0G4AB 4EK<8C1F>BCBJCBL@8G/GE868G;A >>?;F14F8C4E48>>?;F<4FG<>0

FL:>EB3F8IA>4<GIA

C2G;ACEDG;FG<:@0CBL4A0?H8

BE: AIF;@8HBEL5D7;

4@9<F5;G0F8IA

FGBA4EK<8C<F>BC<>2HE2ABB

U @ K;GIAG4LGBG0GIACBL

'E<FG27BL?BJ/>4A894A8E22G<

=/FC4F8GB @8G;FL:>/AGEIF;

0H8?8A4G4E =8<G4A8E 

GIA LCB:E49DA4?? >4<

4<5E/H;>8FG;71A;GBL>L>?DA4

FL??4?;G0E<4>4<CEIGB5BL?18JCBL @2ABFG;A8CBK0GBL, >4<GBL,  C4E4C/@CBLA "<8E EK;JCBL LC/>L68FGBAC8<E4F@2A44F>0F8<

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

U

78?91AIA CEBFC H;F8A4G; 9/E8<FGB>/AGEBG;JMI0JG;J KDE4J 8@<4FG<:@0CBLG;

G;J4EK<8C<F>BC14JGBL 9;F8

.FG8E40EH8;8CBK0GIA@8: ?IA

FGB7<471>GLB

@<48=BLF14C4E ??;?; )C8<G44C2@<4@4>E " CEBJG;A8C1F;@; C8E1B7BG/?@4GBJFG;A !"& >>?;F14 ?2:IG;J >E4G<>0 A48C<5 ?8<@<4 @4>E2KEBA;J4FH8A814J A/BLG3CBL%H8B>E4G14& GBLCEB>4G2KBLGBL '# /A4A%BEH27B=B 9BAG4@8AG4?<F@2& >4<G;JC4E4?LG<>0J@ K;JGIA

@;GEBC2?8IAGIA?8:B@/AIA%!/IA

G;7;@BG<>2G;G GBLFGBM8A1H

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

U

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

5 EBLJCBLCEBF/7<78;EDF<>;  !% $!% GBL@;GEBCB?1G;<AF>>4<?BLGF> >L5/EA;F;FG;A8>?B:0GBLA/BL <? E8GBLG4@/?;G;J8E4EK14J81A4< C4GE< EK;81A4<GB:8:BA2J2G<G4  6;9B7/?G<4CBLKE;F<@BCB<0H;>4A G;ACEBKH8F<A0783G8E;6;9B9BE14 GLCDH;>4AFGB>E4G<>2GLCB:E4981B FG;ABCB14GB8>?8>GBE<>2FD@44CBG8?B3F4A >81GLCDABAG4<G4K4EGBAB@1F@4G4>4<G478?G14 4EK<8E81J H8B?2:B< @BA4KB1>4<?4N>B1 B3E<??BJ :<4G;A6;9B9BE144A 78<=;JGBLCEB/7EBLG;J />4A8C8E1C4GB 8 /:>LE46;9B7/?G<4C0E8 #IF<>0J"@BFCBA714J U

[[

\\


 

UUU

  

¿

13     

+<?C7 0=>H0A->H 

:.<0?;7A@=>H<4C>:.BC>F C>HBH<1810B<>/

H

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

   :;8<:EB7C7F:A-B7FCE=<-E=B4?>;4<8:.4?48B.38>0 ?4CA?7+?48C00?.380?A06<C4HB7;;30F!>HA:-0F<+BE 0<4A8:0=8:,F380<4B>;17B7FB4H27;.C0C>4?-?43>;-=C>= -=08?A>50=+F.C8>8380?A06<0C4/B48F:08>8BH<5E=-4F?A>K ?>D+C>H=BH<1810B<>/F >8>F,C0=>4;;7=8:.FBH<1810B<.F

!)&#"*!)&"(   #' &!&(*$(% $"(&( ( BC7=?A>:48<+=7?4A-?CEB7 ?>C8<@=C0FC7=:0CBC0B7 ;0<1=>=C0FH?.27.C8C0*<800 ?>C4;>/=C<,<0C7F4;;7=8:,F4?8:AC480F 7:A-B74-G410A/:. BC>F680C7=;;3038.C8 U =06:BC7:4=005,B480=0?=C7C7C7=:0C;7274;;7=8:>/ 435>HF!>/A:>8:><=C>F:0C+;010=C734/C4A71A0G>=7B-30 CE=<-E= U =06:BC7:4=0H?>BC4-;48:08=00?>B/A48C7B7<0-0C7F:08 C8F3H=<48FC7F0?.C7=?A@C71A0G>=7B-30CE=<-E= 0=:08?A. :48C086804;;7=8:.+305>F U $?>GA4@D7:4 C4;8: <4C7H<5E=-0C7F03A-C7F7<-C7F C4<8A+; C7=>?>-0?A>4C>-<0B4:084?+10;44=<8B7GA.=>0A 6.C4A070<4A8:0=8:,38?;E<0C-0 =00?>34GC4-C7=/?0A97IEC8 :@=C>HA:8:@=BH<54A.=CE=BC>860->

 

:C>H0?>C4;+B<0C>F 37;03,;0<1=>=C0FH?.27.B0+G>H= 0:>;>HD,B480?.C>1A3HC7F 7F0=>H0A->HC>H <+GA8B, <4A0 7!>HA:-0<?>A4-10B-<EF=08BGHA8BC4-.C8?+CHG4<80<4 6;738?;E<0C8:,=-:748F1A>FC7F;;30F:0D@F U &G48466A248BC738?;E<0C8:,0CI+=C0EF4;;7=>C>HA:8:, 3805>AC8F0<58B17C,B48FC7F.G8<.=>680C8F1A0G>=7B-34FCE= <-E= 0;;6804:0C>=C34F"=7B8 1AG>HF:081A0G>=7B-34F CE=>?>-E=7:HA80AG-034=384H:A8=-I4C080?.C8FH=D,:4F# B/< 5E=0<4C7=4?8G48A7<0C>;>6-0?>HGA7B8<>?>84-0?.C.C4 U 0AC8F0<58B17C,B48F:HA80AG8:@=4;;7=8:@=38:08E< CE= 7%6:HA0+G48490B50;-B48C7=":0C4H=0BC8:,?>;8C8:,#CE=4;

;7=8:@=:H14A=,B4E= >8>?>-4FBC7A-I>H=C7=4HAE?0J:,C7F?> A4-04;?-I>=C0F.C8<40HC.=C>=CA.?>D00C>=,B>H=>8384:38:, B48F U ?>A4-7%6:HA0 >?>803,?>C4BC86<,:08680>?>8>=3,?>C4 ;.6>4?8;+948 =00=0B/A48C>I,C7<0CE="6:A-IE=IE=@=#?>H37 <8>/A67B4<4C7=H?.D4B7CE=<-E=?A>:48<+=>H=0?8+B48C7= D,=0?A>FC7=:0C4/DH=B7?>H4?8DH<4-

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

U


#  

UUU !

5FIMA :GHR:K7HR 

[[

'*!'$#!$'(,(  (#,(#,&#'(&(#

(#!" "' ! &--%" (#$!"#!

O

BLMK:MBOMBD6PR?6P>GM)L>BP@9 KO:I8MH"@:NHG6LBD:BMH(:K F:DHG6LB RI>GNRF7SHRG MH @K:FF)MBHIHRRI5@K:<>IKHP MAG/@DRK:ADR;5KGALA!AF7

MAMH IKHD>BF5GHRG::IH ?9@>BMAGDEBF)DOLAMAPDK7LAP MOG%F7OGD:BMAG>C5EBC6MAPL>>EEAGHMHRK DBD8I8E>FH 9HQK8GB:F>M)MH>I>BL8=BHLM:3FB:A MHRKDBD6=BIEOF:M7:?K8GMBL>G:-D:N:KH

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

',!)"!( (!&   &# (",&

GM:BOP=B:?HK)MHRP "RM6AM:CBG8FALA=>GH?>7E>M:BF8GHL> IKHI:@:G=BLMBDH9PE8@HRP $/@DRK:N>O K>71D:BMHRI>GNRF7S>BL>D)N>>RD:BK7:18 MBF>MAG>C5EBCAIHR>7Q>ADK7LAMOG%F7OG :FHB;:7::IHQJKALAMOGLMK:MBOMBDJG=R G)F>OGMOG=9HQOKJG:I8MBPGAL7=>P:IH =>BDG9>M:BAN5LAMAPI>K7GALBJG:=B>RDK7 GBLMAPDRKB:KQ7:P #I7LAPHBMHRKDBD5PDR;>KG6L>BP F>M)MA

!RF?OG7:MAP':=K7MAPF>M:C9!AF7MAD:B *M>FBK5E 8IHR:G:@GOK7SHGM:BM:MHRKDBD) SOMBD)LRF?5KHGM:LMH"B@:7H N>OKH9GIOP A"N6G: >FF5LOPIEAGL:?JP 5Q>B:IH=> QM>7MAG)IH<AMAP/@DRK:PI>K7MAP-9I:K CAPGALBJG:F?BL;AMH9F>GAPDRKB:KQ7:P. K8D>BM:B F)EBLM: @B:N5LAIHRA/@DR K:N>OK>78MB5Q>BBLQRKHIHBAN>7F>M)M:!R FI>K)LF:M:MAP!RG8=HR&HKR?6PMHR #EL7GDB M:HIH7:D:EH9GMBP=9HQJK>PG:: CBHIHB6LHRGMBP=B:=BD:L7>PI>K7>BKAGBD6P>



\\

MBDJGFBE7OGMAP"G:MHE7:P5Q>B=JL>BFB:G5: =B)LM:LALMA=B:?OG7:MHR"B@:7HRI>E) @HRP 0MLBHB=B:?OG7>PLMH"B@:7HI5E:@HP I) GOLMBPHIH7>PLRFIRDGJGHGM:BHB>EEAGH MHRKDBD5PLQ5L>BPMAGI>K7H=HF>M)MH 

D:B8IHRRI)KQHRGI)K:IHEE)IKH;E6F:M: IHRI>KBF5GHRGMAE9LAMHRP 5QHRGI)K>BFB: :D8FAIBHIHE9IEHDAFHK?6. !>)EEHLAF>7HMHRMHRKDBDH9;B;E7HR>IB

I7ERLAP=B:?HKJGIHRIKHL?5K>BMHB>NG5P 7D:BH@B:MAG:GMBF>MJIBLAMOGLRGHKB:DJG D:B)EEOGLRG:?JGMHRP=B:?HKJG

LAF:7G>M:BF>D:MA@HKAF:MBD8MK8IHIOP -,H@>@HG8P8MB5G:DHFF)MBCAK)P MHH IH7H=>G5Q>BF>M:;B;:LM>7LMAG#EE)=:F> LRGN6D>P 5Q>BN:E)LLB>P>DM)L>BP=BD6PMHR :KFH=B8MAM:P >I7LAPA9I:KCAMHR>NGBDH9

       

>G:5KBHRQJKHRI)GO:I8MAGCAK)D:NJPD:B

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

U

' !$( ,+&'(% ( -.!$# #,!$&*




"

UUU

$ 

2CFJ> 7DEO7H4EO 

!$.#)$"( $

H

,=AOH7N7H7AJ>H4P;?JEFH58B> C7JEO;6HEOMJLDNLH?AGDO:(

[[

JLDI7D2D77F5J7F?EI6DK;J7A7? IOP>J3I?C7P>J3C7J7JEO:?; KDE6MK7B(II?EO:?A74EO B5=L JLD?:?7?J;HEJ3JLD 5FLMOFE IJ>H4P;? JEO"?=74EOF;B(=EOM

#$-)* !((

1FLM7D7<2H;J7?IJE8?8B4E*)EK;C;B?G:;MFH5

8B>C7IJE"?=74E+ J7NLH?A(6:7J7IJE"?=74E

#("+#"

FH2F;?D7F7H7C;4DEODIJ7C4B?7=?7JEOM;@3M

B5=EOM

)$.,$' $.,)$

U *;D2N;?:?7CEH<LK;47A5C>2D7M=;D?A(7FE :;AJ5M:?;KD3MA7D5D7MIN;J?A(C;JE;6HEMJLD

)$.%! $.,

NLH?AGDO:(JLD+ U *)E;6HEMJLDNLH?AGDO:(JLDFH2F;?D7A7

\\

KEH?IJ;4B7C8(DEDJ7MOF59>J7=;L=H7<?A(N7 H7AJ>H?IJ?A(JLDK7B7IIGD &?7J2JE?7:?7F4 IJLI>2N;?FH7=C7JEFE?>K;4IJE"?=74EC2I7 IJ>D?IJEH?A3:?;H=7I47A7?JE=;=ED5M5J?J7NL H?A(6:7J7;4D7?C4B?72N;?7FE<7I?IJ;4EH?IJ?

7OJGDFEOK7;4D7?JC3C7J>MNGH7MJ>M

A( %)EOHA47K;LH;4FHEI8EB3JLDAOH?7HN?AGD

'M7FEJ2B;IC7JEO:?7C;B?ICE6A7?J>MIOHH4

J>M:?A7?LC(JLDC?77HN3;D5M;6HEOMF2H7DJLD

ADLI>MJLD7DE?NJGDK7B(II?LD;AJ(I;LD>

C?B4LD+

)EOHA47:;DK7CFEH;4D7FH7=C7JEFE?;4IJH7

U %:?7I(B;OI>JEOA7K;IJGJEMJ>MLP(DD>M

J?LJ?A3;AF74:;OI>A7?=OCD(I?7IJE"?=74EA7?

%IODK3A>7OJ3 I6C<LD7C;J>DJEOHA?A3(

K7F;H?EH?IJE6DE?:OD7J5J>J;MFEO2N;?=?7D7

FE9> *7FEIAEF;4IJ>D;=A7K4:HOI>C?7MIJH7

B(8;?J?M7F7H74J>J;MFHE<OB(@;?MA7?D7FH7=

J?LJ?A3MA7?FEB?J?A3M?IEHHEF47MC;J7@6JLD

C7JEFE?;4JEOM7F7H74J>JEOMIN;:?7ICE6M=?7

:6EAH7JGDC2ILJ>M;D7HC5D?I>MJLDPLJ?AGD

J>D7I<(B;?(J>M

IOC<;H5DJLD$BB(:7MA7?)EOHA47M >EFE47A7

;H4FEOJEJ>MO<7BEAH>F4:7MJEO"?=74

KEH4P;?JEDEC?A5A7K;IJGMJEO"?=74EO A7?:;D

EOK77D3A;?IJ>D$BB(:7A7?J7:?A7?GC7J77

OF(HN;?C?7@;A(K7H>AH4I>IJEK2C7JEO;6

FEAB;?IJ?A3ME?AEDEC?A3M;AC;J(BB;OI>MJ>M

HEOMJLDNLH?AGDO:(JLD

F;4;MA7?E?FH7AJ?A2MFEO;<7HC5IJ>A7DJ>D

;B;6K;H>M:?2B;OI>MA7?7F5J>D7D7JEB?A3:4E

F;H?EN3MK72NEODC;J78?87IJ;4A7?7OJ(IJ>D4

"BB(7F5J>DJ7OJ5NHED>;@2J7I>JEOEO(H

;FEN3;A;4D> =4D;J7?7DJ?B>FJ55J?E?IOC87B

:E+

:?77D7BE=47IJ>D$BB(:7+

KHEOJ>M;DB5=LIODK3A>M JEEFE4EEH4P;?5J?

B5C;DE?A?D3K>A7DC;J>D7DJ4B>9>5J?J7NL

-;</5IED:;DOF(HN;?7DJ4K;J>H3JH7I;7OJ3

H?A(6:7J7FH2F;?D7;4D7?IJE;6HEMJLD C?

 

FE9> *C;JE5H?EJLDC?B4LD 7DK;LH>K;45J? ;

J>IODK3A> J7K7B(II?7I6DEH7K7F;H?B7C

B4LD

!J>DF;H4FJLI>FEO>$BB(:7;F;AJ;4D;?J7NL

AJ5M7F5J7JEOHA?A(D>I?(0C8HEM )2D;:EMA7?

8(DEODJ7D>I?(A7?J?MD>I4:;ME?EFE4;M8H4

$DGA7J(J>DF;H4E:EFEOJ7NLH?A(6:7J73J7D

H?A(J>M6:7J787I?IC2D>IJE E(HKHEJ>M

&EOH?( J7OF5BE?F7D>I?( D>I4:;MA7?8H7NE

IAEDJ7?FB>I?2IJ;H7IJ>D7AJ37F5J7 C4B?7.

C4B?7OF3HN7D:6EK7B(II?;M:4E:E?7F5JEA;

!%$IJ7 C4B?7 I6C<LD7C;J>D(FE9>J>M

D>I4:;MFEO8H4IAEDJ7?2@L7F5J7 C4B?7J>M"D7

A7?J>MJ;B;OJ747MFH5J7I>MJEO EO(HKHEO

DJH?A5"?=74EFHEMJ>&;I5=;?E E?EFE4;MOF2

)EOHA47M

JEB47M7D3AEODIJ>D$BB(:7 J5J;J7;BB>D?A(

FEOEH4P;?5J?-;</5IED:;DOF(HN;?7DJ4K;J>

A;?DJEIJEA7K;IJGM;B;6K;H>M:?2B;OI>M C;

*%2@E:EMJ>M)EOHA47M7F5J?M:OJ?A2MJ>M7AJ2M

NLH?A(6:7J77FEJ;BE6DJE  JEO"?=74EO

H3JH7I;7OJ3J>IODK3A> J7D>I?(FEO8H4

J>D;F2AJ7I>JLDNLH?AGDO:(JLD;AC2HEOMJ>M

FHEMJ?M7DE?NJ2MK(B7II;MK7;F>H;7IJ;4FEB6

%7D7BE=477OJ3=?7J>D)EOHA47;4D7?  )E:;

IAEDJ7?I;C?AH5J;H>7F5IJ7I>JLD C?B4LD7

$BB(:7MIJ7C4B?7JE  N(K>A;JE:?A74LC7;

IE87H(A7?:;DK7;4D7?:OD7J3>2@E:EMIJ>&;

OF5BE?FE ;4D7?7DE?NJ3K(B7II7 $(DIJE FB74I?EJ>MF7H7F(DLOF5K;I>MJ7NLH?A(6:7

!OCF;H7IC7J?A( I6C<LD7C;J>DJEOHA?A3(

F5J>D7I?7J?A37AJ3K7F7H7C;4DEODIJ>D

B;6K;H>M:?2B;OI>MIJ>:OJ?A3K7B(II?7:4E

I5=;?ENLH4MJ>:?2B;OI>7F5J7NLH?A(6:7J7

JEOHA?A3AOH?7HN47. A7KGMA7?7D;@;J7IJE6D

:E !J>DF;H4FJLI>;F2AJ7I>MJLDNLH?AGDO

J>M$BB(:7M ;DG>$BB(:7K77FEAJ3I;?JE:?

J7;F;AJ7KE6D7C<4FB;OH7IJ7 C4B?7 CFHE

E?IJ(I;?MFEOJ>H3K>A7D7F5J?M7DJ?FHEIL

:(JLDF2H7DJLDC?B4LDK7N7K;4JE:?A74LC7

A74LC7A(K;;4:EOM;AC;J(BB;OI>MJLDO:(JLD

IJ(I;2D7JEOHA?A5A2H:EMJ>MJ(@>MJEO  >

!$!%$.#)# .!$ '%", $)$.%)'!$. %'$,)#$.' %'# %)$ $ (.#%&,  .'#(./) % )(-+' &# . )+#",

1

%F7H7847I>J>M!OC<LD47M J>M#2HD>MJEO IN;J?A(C;

J>DO<7BEAH>F4:7 ?7JEK2C7 7OJ5I>C;?GD;J7? *&;7OJ3J>IOC<LD47$BB(:7A7? )EOHA477D2B787DD77FE<6=EOD EFE?;I:3FEJ;FH(@;?MA7? ;D2H=;?;MIN;J?A(C;J>D

O<7BEAH>F4:7JEO"?=74EO &; 7OJ3J>IOC<LD47A7JENOHGD;J7? JEA7K;IJGMJLDNLH?AGDO:(JLD JLDC?B4LDIJE"?=74E %IOC<LD47FHE8B2F;?J>C2KE:E FEOK77AEBEOK>K;4IJ>D EH?EK2J>I>JLDO<7BEAH>F4:LD FEOC2DEOD2@L7F5J7NLH?A( 6:7J7JLDC?B4LD %:?;6HODI> JLDNLH?AGDO:(JLDF2H7DJLD C?B4LD7FEJ;B;4C?77DE?NJ3 F7H7847I>J>MIOC<LD47MJ>M #2HD>MA7?K7;4D7?E IODJEC5J;HEMJH5FEMJ>M ;@(B;?9>MJLD:?A7?LC(JLDFEO

2N;?>)EOHA47IJE"?=74E+ %OFEK3A;OI>JLD E?AEDEC?AGDIOC<;H5DJLDJ>M )EOHA47MIJE"?=74EF2B7=EM *)7 E?AEDEC?A(IOC<2HEDJ7J>M )EOHA47MIJE"?=74E2NEODPLJ?A3 I>C7I47 ;H4FEOJEJEO ;@LJ;H?AE6J>M;CFEH4EO

)E JEOF;JH;B74EOFHEMJ>D )EOHA47F;HD(7F5JE"?=74E !OD;FGM>)EOHA47:;DCFEH;4D7

FH7=C7JEFE?;4J7?:?(K7B(II>M )E "?=74E;4D7?C?7K(B7II77F5FEO F;HD(;?JE JEOK7B7II4EO ;CFEH4EOFEOA7J;OK6D;J7?FHEM J7B?C(D?7J>M)EOHA47M J7EFE47 8H4IAEDJ7?IJE"?=74E J>&76H> K(B7II7A7?J>&;I5=;?E

I;78B783LM7FEJ2B;IC7 J>M;F2AJ7I>MJLDNLH?AGD

2

;F?JH29;?J>:?7J7H7N3JEO FEOO<4IJ7J7?I;7OJ3J> K(B7II7 %)EOHA47:;DCFEH;4D7 7FE:;NJ;4J>C;J7JHEF3JEO :?A7?GC7JEM;B;6K;H>M:?2B;OI>M

O:(JLDI;7OJ3J>K(B7II7I; 8(HEMJ>M)EOHA47MA7?J>D OFEK3A;OI>JLDK7B7II4LD C;J7<EHGD;AC2HEOMJ>M $BB(:7M+

U




UUU 

6L]`dX Q^_iQbN_i



9\\@TQ]U]YQQPZXcX eQWN^UY[ibNQbh_gcU`@^f Q`Od_ d_i8YWQN_i U^ad_`_c_cdOdf^TYUe^a^ iT@df^eQ`LcUY[@dfQ`Od_

E 6b_VQ^agWYQid_Pgd_ig\OW_igXGW[ibQ Q`OdX^



P]Vf^Q]UdX^@`_SXdXgGW[ibQg Dd_`bOR\X]Q d_iU^QLbY_ihab_icd_8YWQN_Q`_dU\UNdQYQ`OTP_ i`_`b_R\M]QdQ[QYUN^QYcdU^@ci^TUTU]L^_]Ud_

[bNcXdf^;]Nf^[QYL`UYdQ LhUYeLcUYeL]QDW[bNjf^

`bOR\X]QdXgU`L[dQcXgdf^U\\X^Y[a^hfbY[a^

jf^a^Ecd_8YWQN_ G\\fcdU[QYcd_RYR\N_DC_eU]U

iT@df^ C_`bOR\X]QdXg`UbY_hMgU^X]LbfcXg

\YaTUg`bOR\X]Qcd_8YWQN_EXd_ib[Y[M@`_SXUN

`dMcUf^(&$%/*#+-) /&+*"$&+*[QY_

^QYcQVLcdQdX

YchibYc]OgdXg9\\@TQg`UbNU^QLbY_ihab_i ]Y\Nf^

D5UfbUNdQYOdYdQhfbY[@PTQdQdf^^XcYa^ ^XcNTf^

UN^QYTP_i`_`b_R\M]QdQ`_i`UbY]L^_i^dX\PcX

[QYRbQh_^XcNTf^df^_`_Nf^X[ibYQbhNQTU^LhUY

d_igE 7P]Vf^Q]UdYgd_ib[Y[LgeLcUYg D:WbQ]]Md_i8YWQN_iLhUY[Qe_bYcdUN]Ud_ LWWbQV_#&* (-",+-/+#/%"-0(".+#/%" &-/- ##&!!+*/-+(

]UdQRYRQcdUN]Uci^eM[UgcdX^9\\@TQ]`_bUN^QQ `_dU\_P^L^QcX]Q^dY[O`_c_cdO[QYOdY]`_bUN^Q Q\\@Z_i^d_^`QbQ`@^fTYQ]_YbQc]Odf^`_c_cda^ df^U[d@cUf^df^hfbY[a^iT@df^ :NTYQQ^Q\_WNQeQYchPUY[QYWYQd_^Ue^Y[OU^QLbY_ hab_ __`_N_g_bNjUdQYQ`Od_UPb_gdf^hfbY[a^i T@df^ 3YKQidO^d_^\OW_X`b_c`@eUYQ_bY_eLdXcXg df^hfbY[a^iT@df^`bY^Q`OdXTYQ`NcdfcXdXg[i

(#

!+))&//""d_i d_^>URb_i@bY_d_i  +!     d_ _`_N_UW[bNeX[UcdX

bYOdXdQg[@eU[_]]QdY_PZXb@gTU^Q`_dU\UN]YQcf cdM`b_cLWWYcXE

  

#'!'& !'

7X]UNfcX6Qb_icY@jUdQYU`Q[bYRagd_chUdY[O[U V@\QY_Q`Od_RYR\N_DC_eU]U\YaTUg`bOR\X]Qd_i 8YWQN_i CQ^XcY@Q]VYcRXd_P]U^Xg[ibYQbhNQgE

#'!

DBYeLcUYg`_ii`_cdXbNj_i^_YTP_`\UibLgcd_eL]Q dXg_bY_eLdXcXgdXgiVQ\_[bX`NTQg d__`_N_`Q

"#

b_icY@cdX[UQ`Od_  [QYL[d_dUQ`_dU\UN]YQcX ]Q^dY[MTYQVf^NQ]UdQZP9\\@TQg[QYC_ib[NQg UN ^QYU^ci^d_]NQ_YUZMg 7P]Vf^Q]UdX^U\\X^Y[M@`_SX dQ^XcY@`_iRbN c[_^dQY[_^d@cdYgQ[dLgdXg8^Qd_\NQg[QY`QbQd@c c_^dQYQ`OR_bb@`b_g^Od_ Q`_dU\_P^Q^Q`Oc`Q cd_d]M]QdXg9\\@TQg C_TY[QNf]Q[ibYQbhNQgdXg 9\\@TQgd__`_N_iVNcdQdQYU`Ndf^^XcYa^Qida^`U bY\Q]R@^UY[QYd_TY[QNf]QdXgUZUbUP^XcXg[QYU[ ]Ud@\\UicXgdXgiVQ\_[bX`NTQg 7dX^_bY_eLdXcXdXgiVQ\_[bX`NTQgTU^]`_bUN^Q `bQW]Qd_`_YXeUNL^QgTYQhfbYc]Og]UdQZPX`UYbf dY[a^[QY^XcYfdY[a^UTQVa^ :TYQVf^NQ]UdQZP 9\\@TQg[QYC_ib[NQgTU^UN^QYd_`bOR\X]QdXg_ bY_eLdXcXgdXgiVQ\_[bX`NTQgd_i8YWQN_i Q\\@d_ `bOR\X]QdXg_bY_eLdXcXgdXgiVQ\_[bX`NTQg]U

#$ 



8eX^a^UN^QYd_Q^Qd_\Y[OcP^_b_dXg9\\@TQg 9`NcXgX9\\@TQcd_^TYUe^MU^QLbY_hab_ `_i Q`_dU\UN`UbN`_id_M]Ycid_iU^QLbY_ihab_id_i 8YWQN_i `bQW]Qd_`_YUNHUYTY[@U^@^dYQcdQd_ib[Y[@ cdbQdYfdY[@QUb_`\@^QHTbQcdXbYOdXdUg`_iUN^QY U^@^dYQcd_4YUe^Lg4N[QY_[QYTX]Y_ibWUNci^Uhag U^d@cUYg 6Qb@d_ _@beb_dXg4YUe^_Pg7P]RQcXg6_\YdY[Mg 8Ub_`_bNQg d__`_N_Q^QVLbUYOdYX7P]RQcXeQ UVQb]_cdUN]O^_cdQ`_\YdY[@]LcQU^QLbYQg ]UdQV_b@g X9\\@TQjXd@UY[QYQ`OdQd_ib[Y[@ cdbQdYfdY[@QUb_c[@VX^Qi`_R@\\_i^chLTYQ`dMcXg d_ig ?gQ^dQ^@[\QcXdf^Q^fdLbfU\\X^Y[a^U^UbWUYa^ cU [@`_Y_igh@bdUgXWbQ]]M8eM^Qg <f^cdQ^dY^_P`_\Xg`Qb_icY@jUdQYfgd_ U\\X^_d_ib[Y[OcP^_b_ :WbQ]]M8eM^Qg<f^cdQ^dY^_P`_\XgUN^QY]YQ `bQ[dY[M`_iQ`_TLhUdQY[QYXC_ib[NQ 8\\@TU^]`_bUN `_dL^QWN^UYQ`_TU[dMX`Qb_icNQcXQidMgdXg WbQ]]MgfgU\\X^_d_ib[Y[_Pci^Ob_i 9[dOgd_iOdY Q^dYRQN^UYcdX\UYd_ibWNQd_i[QYXeLcXd_i

ci^@^dXcXdf^]UcQ^Qd_\Y[a^hfba^d_i cdXci^UTbNQcX`_i`bQW]Qd_`_NXcQ^ cdX^<f^cdQ^dY^_P`_\X]UdQZP  [QY

8eM^Qg<f^cdQ^dY^_P`_\XgTUNh^UYOdYTU^]`_bUN^Q

    CQdQ_`_NQ_bNj_^dQYcd_U^\OWf LWWbQV_Lh_i^`Qb_icYQceUNcd_^h@bdX

d]M]QdXgQ^_YhdMge@\QccQg`LbQ^df^hfbY[a^

Q`_dU\LcUYTYUe^LgcP^_b_ :U^\OWfWbQ]]M U^acU[@`_YUg`UbY_hLg`Ub^@Q`Od_ iT@df^df^]Y\Nf^`h cdQ^_dY_TidY[@dXgCU^LT_i

]N\YQ cdQ^_dY_Q^Qd_\Y[@dXg=Qb]QbNTQg ]N\YQ cU[@`_YUg`UbY_hLg`Ub^@Q`OdQd_ib[Y[@hfbY[@

`_ici^_TUPUYL^QTUPdUb_LWWbQV_ LWWbQV_d_i  H >URb_i@bY_g   d__`_N_U^U[bNeXcdX^ `UbYVUbUYQ[Mci^@^dXcX9iba`Xg =LcXg8^Qd_\Mg

Q^_YhdMe@\QccQUNdU]LcQQ`OdQhfbY[@PTQdQU^OgU[

`_i`bQW]Qd_`_YMeX[Ud_  cd_6QbNcY 7d_LWWbQV_

df^U^TYQVUb_]L^f^hfba^Q^dYRQN^UYcdX^L^^_YQd_i

QidO]UX]Ub_]X^NQB[dfRbN_i  [Qeag_bNj_^dQYdQ 8eX^a^[QY<f^cdQ^dY^_P`_\XghbXcY]_`_YUNdQYX L[VbQcXI/%"*!"#+((+1&*$1"./"-*#-+*/&"-+# 0-'"2FJcc `_iQ[_\_ieUNd_TidY[OcP^_b_dXg

`_\YdY[_Pci^Ob_i

C_ib[NQg 6QbO\QQid@ U^aTU^i`@bhUYcd_^_bYc]Od_i

=UQidOd_^dbO`_Q`_c[_`UNcdX^UW[QeNTbicXdXg

8eX^a^ X9\\@TQcdYg`QbU]R@cUYgdXgcUTY@V_bQ

dQ_`_NQ]L^_i^TidY[@dXgWbQ]]Mg8eM^Qg

TYUe^MRM]QdQ[QY[ibNfgcd_A8CB[QYd_;=B YchibNjUdQYOdYXWbQ]]Md_i<f^cdQ^dY^_P`_\Xg

<f^cdQ^dY^_P`_\Xg[QY^QTUYd_8YWQN_fg]YQU\\X^Y[M

PTQdQ`h cdQR_bUY_TidY[@d_i<QbQ]`_ib^_P

]N\YQ :TYL\UicXU^Og`_\YdY[_Pci^Ob_iQ`OdX^

6QbO\QQid@X9\\@TQ`b_c`QeUN^Q`Qb_icY@cUYdX WbQ]]M8eM^Qg<f^cdQ^dY^_P`_\XgfgTidY[O cP^_b_dXgC_ib[NQg[QYfgTY[OdXgQ^Qd_\Y[OcP^_b_ [ibYQbhNQgdXgcUO\QdQ^XcY@ ^XcNTUg[QYRbQh_^XcNTUg

\N]^XE

U

dQZPC_ib[NQg[QYdf^^XcYa^d_iQ^Qd_\Y[_P8YWQN_i `_iQ^M[_i^cdX^9\\@TQ :9\\@TQLhUYdX^@`_SXOdYX_bY_eLdXcXdXgiVQ \_[bX`NTQg]UdQZPdf^TP_hfba^`bL`UY^Q`bQW

#&!%"#%"%

]Qd_`_YXeUNcP]Vf^Q]UdX^QbhMdXgNcXgQ`OcdQ cXgQ^@]UcQcdX^C_ib[NQ[QYdQQ^Qd_\Y[OdUbQ^X cY@d_i8YWQN_iE 7P]Vf^Q]UdX^d_ib[Y[M@`_SX DXiVQ\_[bX`NTQ d_i8YWQN_i`U\@W_ig`bL`UY^QUZUdQcdUNfgcP^_ \_ 9ZQYdNQgdf^YTYQNdUbf^ci^eX[a^d_i8YWQN_i dQ^XcY@`_i[\UN^_i^dYgQ[dLgdXg8^Qd_\NQgQ`O R_bb@`b_g^Od_cU]YQcUYb@TU^]`_b_P^^QLh_i^ TY[Md_igiVQ\_[bX`NTQ 9ZQYdNQgdXgWUfWbQVY[Mg d_igeLcXgdQ^XcY@Qid@UN^QYUZ_W[a]QdQdXgVi cY[Mg`b_L[dQcXgdXg8^Qd_\NQgdQ_`_NQRbNc[_^dQY `@^fQ`OdX^U`YV@^UYQdXge@\QccQg[QYQ`OWUf WbQVY[MgQ`OSUfgRbNc[_^dQYU`NdXgiVQ\_[bX`N TQgdXg8^Qd_\NQg :_bY_eLdXcXdXgiVQ\_[bX`NTQgd_i8YWQN_i`bL `UY^QUZUdQceUNci^_\Y[@[QY^Q`bQW]Qd_`_YXeUN cP]Vf^Q]UdYgQbhLgdXgUiei[bYcNQg_Y_`_NUgUN ^QYcP]Vf^Ug]Ud_ig[Q^O^Ugd_i4YUe^_Pg4Y[QN_i :C_ib[NQTU^UN^QYi`_hbUf]L^X^QUVQb]OcUYcd_ 8YWQN_dX^QbhMdXgNcXgQ`OcdQcXg`_ii`_cdXbN jUYX9\\@TQE

U

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

 (.(#.701$64  - +!.8-/1.2/4$( -

/1.542.8-#(,$1$6272$(6/.84 ! 29.-3 (2$

U ,.(!  #2,$82'&( 3'-$(1-'3'- 2% +$( * (3'28-$7 -/38)'272$5-* +6&$(3. - 6 U $! 2,3'6*81( 17 63'6*4$701 6 U $! 2,35-170-3.8 ($4-.6 (* .8* ( 35- ($4-0- 8-4'*0- U $! 2,23 -,(, 953(*28,%1.-3 * ($- #( %1.-3 3'6*4$701 623.(& .3 ./.  7.8-,$&+'2', 2 &( 3'- 2%+$( * (3'-$4-( **81( 17 3.86 U 2,$82' /.%8&6,.-.,$10-$-$1&$(0-23' !2'3.8 ,.(! .82$! 2,.* (3'6$/(48, 60 23$-  /.31 /.-28&*1.2$(6.%$(+,$-$62$/  1$)&'2' U 2,$82'#($843'2'635-#( %.10-3.86,$ $(1'-(*,2 23'!2' ,.(!  628- -$2'6* ( 75163'712'! 63'- /$(+! 6 U


 

(ARUYM .FST^FWCT^ 

  UUU



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`PDUWDLWFRRF /NJRJC\JPJCZF>RF XYJ* 05"*1(#05 KYN2]YMPJYTXERUFS5NX^SAGMIJ^ YJWDQJUYFRJY2YTQJLDRJST<RUNLPRUFSLP=(TNTJCSFNYT RAQQTSYT^UQFSBYM#M7 5FJW[YBRFYFF^Y2PFNFPDRM UJWNXXDYJWFZFFUFX]TQBXT^SYMSJPUTRUBYT^)JWFKJCR 1^SYFSCIMYMSJW]DRJSM/^WNFPBXYN\ YTFUDLJ^RFFUDYM 3,5 /FQJXRASTNYT^ LNFSFIVXT^SFUFSYBXJN\ TPFZM LMYB\1^XNPB\#NVWLT\#WFRRFYNP2PM\PFNTINJ^Z^SYB\ YT^.SXYNYTEYT^(^WMSNPB\1^XNPB\(AYWT\4FUCIM\

š

E

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

"" ! 

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

U

 ! 



FLVSJNRA]WNSJ[YAWF\7MTUTNFIBUTYJJUN]JNWMRFYN PBIWFXYMWNDYMYFLNFYMSFUDPYMXMWFINTK[SNPB\

,UCXM\ XYMSCINFX^SJIWCFXMPWCZMPJFSJUCPFNWMTUTNFIBUT YJPT^GASYFLNFFLTWA\PFNJUJSIEXJN\YMXYNLRBUT^MTNPT

X^]SDYMYF\ X^RUJWNQFRGFSTRAST^PFNYT^"FUDYT

STRNPBEKJXMXYF00,]Y^U2JUCRTSFYMSUDWYF8

 ^YDFUTK2XNXJMTQTRAQJNFYT^INTNPMYNPTEX^RGT^

5F  JPFYTRREWNFJ^WVUT^FPTEXYMPFSU[\_MY2T)[PW2

QCT^YM\5MQAY^UT\*, XYM]ZJXNSBUWTLWFRRFYNXRASMX^

YM\JCSFNFUFLTWJ^YNPD]WMRFYNPDUTXDLNFYTYFRJCTYT^YM

SJIWCFXM

QJTUYNPTEXYFZRTE PFZV\^UJWGFCST^SPFY2UTQEYTRALN

-UTQE[WMX^SJIWCFXMY[SRJYD][S UT^UWFLRFYTUTNBZMPJ

XYTJUNYWJUYDDWNT]WMR2Y[SUT^BYFSINFYJZJNRASTN;^UD

XJX]JYNP2PFQDPQCRF AGLFQJFWSMYNP2X^RUJW2XRFYF[\

2QQJ\X^SZBPJ\;SFUWTXKAWT^SLNFYMSFUDPYMXMYM\X^

UWT\YTEHT\Y[S]WMR2Y[SUT^_MY2T)[PW2YM\/DPPFQM\

LPJPWNRASM\X^]SDYMYF\

UWTPJNRAST^SFUT^QBXJNYTS"XYT

5TYNZFLCSJNFUD>IVPFNUAWFRDSTT%JD\OAWJN

U


  

1J[^bV 6O\]gO`L]g 

1

      "

        ZL[OO\OaT:ZSWOeYOWJ\b]\VeO

b_`OS^O\J`fSbOWYOWVaghKbVaVbVe^]

\VagfLOePW_\]g\bWebSZSgbOLSe

ZgRWOTV[Wa[J\Ve[OU\VbWYKeY:`bOeSW

SPR][:RSe]WS`UOhM[S\]Wab]

aMR]g ^]gSR_YOW^S`L^]gb`LOf`M\WOO

?Ec\]e@ YOc_e ^O`:bWe^S`Lb]gO\bWcJ

^Oaf]ZSLRW]WY]N\bSeYOWS`UOh][J\]ge

b]gRWOPSPOW_aSWebVeRW]LYVaVeUWO[V

b]ge^`_b]geUWOb]^_ecO^SLa]g\b]ge

RS\WYJe^S`WY]^JeaS[Wac]NeYOW^`]ad

RSNbS`]ge\ORSfb]N\b]\J[[Sa]JZSUf]

^WYM Y:cSbMa]MZ]YOWY:^]W]WP`LaY]\bOW

b]\]^]L]^WcO\_ecO?^`]aTJ`SW@b]QV

\OS^O\ORWO^`OU[ObSN]\bOWbWecJaSWe

TWOYMfbN^V[ObVe[OU\VbWYKY:`bOeab]

b]ge

Y]\b`MZSWaMR]gYOWSXMR]gbd\S`UOh] [J\d\

8Sb: b] ^`MaTOb] S^WY]W\d\WOYM ?[^J`RS[O@^]g^`]JYgQS[SbOXN9_bV

>O^`]VU]N[S\OS^WfSW`K[ObObVeRW]L

8^M[^]ZOYOWS`UOh][J\d\abV\STV[S

YVaVeRS\SLfO\YObOTJ`SW\O^SLa]g\b]ge

`LROUWO[OhWYJeO^]ZNaSWeaSP:c]eSXO

S`UOhM[S\]gebVeSTV[S`LROe\OS\R_

[K\]g ]W^O`]WY]N\bSeb]1:bV[OCOZO\

a]g\YOW\Oag\g^]U`:Q]g\bV\JYR]aV

R`L]gO\Vagf]N\[K^deYOWSTO`[]abSL

bVe[OU\VbWYKeY:`bOeSZJUf]g 5^Z:YOSL\OWb_`O^deYNYZ]W^]g^`M

abV\^`:XVV^O`]W[LO ?UZ_bbOZO\c:

aYSW\bOWabVRW]LYVaVbVeSTV[S`LROe

\]gaObIOZVcKZJUSW@ .SU]\Me^O`O[J\SW^:\bdeMbW ^O`:bO

^`]YSW[J\]g\O^SLa]g\MZ]geb]geS`UO

 ! !

hM[S\]ge_abS\OO^]RSfb]N\bV\JYR]

Sgb`:^SZO[Sb]fOZOa[J\]bVZJTd\][S bOXNOTS\bWY]NYOWS`UOh][J\d\ b]bS

ac_\KO^]fd`KaSWe[S Sg\]iY]NeM

aVYOWf`KaVbVe[OU\VbWYKeY:`bOeSWaM

ZSgbOL]f`]\WYMRW:abV[O]W^`]aYZKaSWe

`]geRL\]g\YOW^OL`\]g\

R]gSXMR]g f`VaW[]^]W]N\deS^WfSL`V

aS^OZW:YOW\JOabSZJfVUWO^S`WY]^Je[W

2O\\O[V\b]geJTbO\O\bO^O`O^:\d

! !       

         !





YOb:abOaVJfSWTb:aSWab]O^`]f_`Vb]UWOb]ge

S`UOh][J\]geabV\?4X^`Je@ ^]gag\SfLh]g\\OR]gZSN]g\

OZZ:\O[V\O[SLP]\bOWUWOb]\WR`_bOb]ge >]cJ[O SYbMeO^M

^`]aPZVbWYMUWObV\OXW]^`J^SWObd\O\c`_^d\ SL\OWYOW PW]^]`WabWYM OT]Nb]gef`dab:\S [V\W:bWYOYOWO\OR`][WY: 7OW RS\SL\OWV^`_bVT]`: 4XOWbLOebVeag\SfWhM[S\VeOgbKeYOb:abOaVeYV`NfbVYSbV\ ^S`Oa[J\VSPR][:RO d`V O^S`ULO1J[^bVYOW 1O`OaYSgKabV\STV[S`LRO O^MbV\42543 bV\4>51>3YOW bV\41543 5WRW]YbVaLO[SS^Wab]ZKbVe ^`]ebV\42543[WO[J`O^`W\

[OAbV\O^OUdUKb]g1O\OUM^]gZ]g U

Jf`Wb]bJZ]eb]g[K\OcO^ZV`dc]N\MZSe]W ]TSWZJebVeRV[]bWYKeS^WfSL`VaVe^`]eb]ge

S`UOhM[S\]geb]g4^WY]W\d\LO @KbO\V`VbK RJa[SgaVb]gRV[:`f]g5`OYZSL]g2bON`]g.Sd` UM^]gZ]gNabS`OO^MJZSUf]^]g^`OU[Ob]^]LVaS YZW[:YW]b]g2_[Ob]e4^WcSd`Vb_\4`UOaLOe2414 [Sb:bWeYObOUUSZLSe^]gOT]`]NaO\bV\b`L[V\VYO cgabJ`VaVabV[Wac]R]aLO<YbdP`L]g ;]S[P`L]g /SYS[P`L]g ag\b]R_`]C`Wab]gUJ\\d\ <JZSUf]ebd\S^WcSd`Vb_\.W:\\V8^WaYL\VYOW 3UUSZWYKe2bO[Ob]^]NZ]g^`OU[Ob]^]WKcVYSYOcg abS`V[J\OFY:ZZW]O`U:^O`:^]bJ^:\bdeFbV\^S `Oa[J\V1O`OaYSgKabWeSUYObOab:aSWeb]gRV[]bW Y]N`ORW]T_\]gYOWOT]N^`]VUKcVYO\Y:[^]aSeJU U`OTJeYObOUUSZLSeYOWS^Wab]ZJeO^MS\_aSWeRV[]

O^MbV\J\O`XVbVe d`Ve O^S`ULOe>Sb:`bV b`hKbVaS S^O\SXJbOaVbVeO^MTOaVeUWO bV\O^S`ULOO\OTJ`]\bOeMbW [Jf`WbV\S^M[S\V>Sb:`bV

aW]U`:Td\ g^OZZKZd\YOWbSf\WY_\^`]eb]\SWRWYM

aafcSecOYObJPOZZSJ\O RSYO^S\cK[S`]

b]ge[Wac]Nebd\g^OZZKZd\ab]\`ORW]Td\WYMabOc

>SZWY:VO^S`ULOY`:bVaS[WO [J`OFRS\SYRMcVYSb]TNZZ]

U`O[[ObJOb]g2414 >]?1@bV\^S`Oa[J\V1J[^bVO\OTJ`cVYSRWSX] RWY:ab]cJ[O[SOT]`[KafSbWYKS^Wab]ZKbVe4>4= ^]gOT]`]NaSbV\ORg\O[LOb]gRK[]g\O^ZV`_aSW [MYOWbV\YOcgabS`V[J\VO\bLR`OaVb]g2414 8:ZWabObV\V[J`Ob]gRV[]aWSN[Ob]eO\bW^`] ad^SLOO^MbWe4215> 41543YOW4>4=S^WaYJTcVYS

bVe^S`Oa[J\Ve1O`OaYSgKeFYOc_eV42543O\JabSWZSb] RSNbS`] d`]bVeO^S`UWOYKeYW\Vb]^]LVaVe

b]\RV[]bWYM`ORW]Td\WYMabOc[MYOWag\][LZVaSF

0S_`VaS RVZORK VE\daVS^O`YKbVRWOPSPOLdaVbVe WRW]YbVaLOeUWO^ZV`d[KS\MeRSYO^S\cK[S`]gYOc_eS^LaVeYOW

[O`f]YOWb]geO^ZK`db]geg^OZZKZ]ge

bVRJa[SgaKbVeMbWaSag\S`UOaLO[Sb]geSY^`]a_^]gebd\ S`UOh][J\d\YOWbOad[ObSLORV[]aW]U`:Td\ bSf\WY_\YOW RW]WYVbWY_\cO^`]fd`KaSWabV\YOb:`bWaVS\Me f`]\]RWOU`:[[Ob]eRWSgcJbVaVebd\YOcgabS`KaSd\bVe

S^WcSd`Vb_\b]g2414JYO\SbV\ bW[Kab]geS`UO

[Wac]R]aLOe

U

^`]YSW[J\]g\OP`Sc]N\O[JadeZNaSWeF[Sb]\RK >V\O[JadeS^M[S\V[J`OF1O`OaYSgKFYZW[:YW] hM[S\]geb]gRV[]bWY]N`ORW]T_\]gb]g5`OYZSL]g \OS^WcSd`KaSWbV?[Wac]Z]UWYKOag\J^SWO@b]gRV [:`f]gYOW\Ob]\O\OUY:aSW\ORSa[SgbSLUWOb]Og b]\MVb]

U

UUU

  

* ,-+O^M f`M\WOYOW[K\SeO^Mb]b`OUWYMag[P:\SY RWY:hSbOWaK[S`O1J[^bVab]>`W[SZJe1ZV[[SZSW]RWYSL]CL ]gVg^McSaVbVeag\ORJZT]g3UUSZWYKeCObhVRV[Vb`L]g ^]gXgZ]Y]^KcVYS:U`WOO^M:\R`ObVeSbOW`SLOeaSYW]N`WbW ^]gSLfSO\OZ:PSWbVT`]N`VaVb]gS`U]abOaL]gbVe/45 M bO\b]^`dLbVeVe3^`WZL]gb]g S^WfSL`VaS\OY:\SWJ `Sg\OUWObV\^g`YOUW:^]gSLfSXSa^:aSWab]\f_`]* ( )+*"' P]gZSgbJeAJ\OebVe;/ ]RV[]aW]U`:T]e/V[K b`Ve7d\abO\b:`Oe YOW]:ZZ]eb]g132<7 ]7L[d\Oe7]g Z]N`Ve :`fWaO\SY^][^Kab]\3cK\O [Sb]\bLbZ]?/N] YOW\OYOL\S@ Y:cS1O`OaYSgK 

A* ('# +(' SL \OWMbWab]`ORWMTd\]bVe.W:\\OebV\LRWO_`OJf]g\J\O:ZZ] Y]W\]P]gZSgbWYMRLRg[]>]\0MRd`]1:UYOZ]YOWb]\2bJ TO\]8:\] ^]gJf]g\bVRWYKb]geSY^][^K * +0#, "%V[SU:ZVYM\b`OA6RWOLbS`O[SbOXN1:UYOZ]gYOW7L [d\ORS\O`USL\O^:`SWTdbW:A*-"'1$#+\O^]N [SMbW]WOZZOUJeab]\][WYMYOcSab_eb]g`ORW]T_\]gb]g RK[]g^`]fd`:\S5RVJf]g\SUY`WcSLOYM[V^S`L^]g [S bOYW\KaSWeS`UOh][J\d\ab]\RK[]ASYbd\]^]Ld\ RV[] aW]U`:T]W* 0+#-(-%(/-(1 ]0O\:aVe7OTJhOe cOJfSWYObOTJ`SW\O[SbOb`JQSWb]\abOc[MaS34 O\OL[O YbO *  1%$#," [V\_\YOW Sg`_f`V[ObWYM ^`MabW[]YObORWY:abVYSO^Mb]>`W[SZJe1ZV[[SZSW]RWYSL] 3cV\_\Vag\bOYbWYK][:ROb]g?1`_b]g0J[Ob]e@UWObV\g ^McSaVbVeRV[]aLSgaVebd\Tdb]U`OTW_\bVe>aJY]gV] ^]LORKZdaS^O`:abOaV^]ZWbWYKeOUdUKe 8SbV\LRWOO ^MTOaVOcd_cVYS]8:YVe>`WO\bOTgZZM^]gZ]e ^]gRK ZdaSMbWRS\S\V[S`_cVYSUWObVRV[]aLSgaVA* -"'1 ,#!$-(' cO^:SWbV\:ZZVSPR][:ROVU\dabKRV[]aW]U`: T]eab]`S^]`b:h/WYOW]aN\Ve6d:\\O8:\R`]gUWO\O^O `Sg`ScSLab]^`MUSg[O^`]aSgfKeb]g^`]JR`]g8^O`:Y <[^:[O * '#&%#,- V[M\VRV[]aW]U`:T]eO^MPOZ YO\WYKf_`O^]gJfSWYZVcSLabV\SYRKZdaVOgbKM^]g[S bJf]g\^]ZWbWY]L S^WfSW`V[ObLSe RV[]aW]U`:T]WO^IMZ]b]\ YMa[] * '$('., bVeV?2ga^SL`daV/V[]aW] U`:Td\/]N`SW]e>N^]e@YObOUUJZZSWTOaWabWYJeO^SWZJeS \O\bL]\RV[]aW]U`:Td\UWObV\Y:ZgQVbd\USU]\Mbd\ab]\ DUW]1O\bSZSK[]\O 2N[Td\O[SbV\O\OY]L\daV VRV[] aW]U`:T]ebVe?4ZSgcS`]bg^LOe@.Sd`ULO/:[O?RJfbVYSO ^SWZJeYOW^WJaSWebMa]O^MbVC`gaK3gUKMa]YOWO^M:ZZSe ag\OTSLe]`UO\_aSWeYOWGRV[]aW]U`OTWY:M`UO\OH[SaY]^M bV\b`][]Y`:bVaKbVeYOWbV\ab]SXKe^O`:ZSWQVSY[J`]ge bVebKeOY`WP]NeYObOU`OTKebd\USU]\Mbd\ M^deO^OWbSL b]S^OUUSZ[ObWYMbVeYOcKY]\@ * % -#'!$ YgYZ]TM `VaSbV\^S`Oa[J\V7g`WOYK]?4ZSNcS`]e>N^]e@YOc_eb] J\cSb]F[Jf`Wb_`OF?4> @S\ad[Ob_cVYSabV\NZVbVeS TV[S`LROe 2b]?4> @[:ZWabOg^:`fSWYOWb]RWaJZWR][Sb] `S^]`b:h bd\ $" M^]g SUYOW\W:abVYS V abKZV ?&'-(" !*@[SbV\g^]U`OTK?YZSQLbg^]e@YOWRSLf\SWMbWcO O^]bSZSLbV\:^]QVbVeSTV[S`LROeUWObObSYbOW\M[S\Oab]\ f_`]bVeS\V[J`daVe[S^W^S`:bVUZ_aaO * 1$%( (+ b]b`Lb]bSNf]eb]g^]ZWbWY]N^S`W]RWY]N?&#"*"),)@[S ^Z]NaWO^]ZWbWYKYOWMfW[M\]cS[Ob]Z]ULOYOW`S^]`b:h2S OgbMb]bSNf]eg^:`fSWb]agZZSYbWYMb]g^]ZS[WY]N \b]YW[O\bJ`bVeaSW`:e?5")*&(-I)+(%"% &"%*)@[ScJ[ObV .OZZWYK4^O\:abOaV* %# J`WXSVRW]LYVaVbVe4> abV\ S\V[S`dbWYKSY^][^K?B^:`fSWSLRVaV@[SbV\OWbW]Z]ULOb]g \J]gafSRWOa[]NbVe^`dW\Keh_\Veb]gYO\OZW]N ]]^]L]e ^`]PZJ^SW\O[^SWSYSL\VbV\_`OJ\ORSZbL]SWRKaSd\ * ,-,( S\bN^daV^`]YOZSLb]USU]\MeMbW[WZ:[SUWO[WO ^]ZNYOZKSY^][^KV]^]LOYObJU`OTSbV\S^WYOW`MbVbOYOW bWe^]ZWbWYJeSXSZLXSWeYOWb]Yg`WMbS`]TWZ]XS\]NaSYOcV[S `W\:^]ZWbWY]NeMZd\bd\Y][[:bd\ * #-($#&( b]g ?B^:`fSWSLRVaV@YObJcSaSS`_bVaVabV]gZK]P]gZSgbKe b]g2B;9_bVe7]gPJZVeaV[SW_\]\bOe[:ZWabOMbWO\VOW bLOSL\OW]?\J]eafSRWOa[MebVe^`dW\Keh_\Ve@UWO^]W]ZMU] VSY^][^KRS\[SbObLcSbOWabV\O`fWYK_`O[Sb:R]aVeO^M USg[OM^dehVb]NaO\SXO`fKe]Wag\bSZSabJebVeKaS:ZZV h_\V^`]U`:[[Ob]e* (  bV\^S`Oa[J\V1J[^bV   ^]NZVaSabV\3cK\OTNZZO>V\^`]^S`Oa[J\V1J[^bV   ^]NZVaS^O\SZZORWY:

 TNZZO

U






KYPIAKATIKA

25.1.09 18.1.09

 BHMA

99.869

100.510



%

-641

/26*#01;#4 1;

  



  (19.1)

  (20.1)



  (21.1)

 μ  (22.1)

  (23.1)

  (24.1)

 

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

18.716

18.971

(-1%)

19.043

18.133

(5%)

18.457

18.481

(0%)

18.225

18.501

(-1%)

27.534

26.663

(3%)

-1

TO 

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

9.313

10.176

(-8%)

9.160

10.186

(-10%)

9.114

9.828

(-7%)

8.817

9.920

(-11%)

8.468

8.619

(-2%)

KAHMEPINH

76.630

80.161

-3.531

-4

PIZO A TH

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

3.966

3.942

(1%)

3.861

3.825

(1%)

4.023

4.022

(0%)

3.939

3.776

(4%)

3.392

3.629

(-7%)

TO PTO EMA

88.883

78.684

10.199

13

 

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

1.528

1.370

(12%)

1.400

1.392

(1%)

1.363

1.366

(0%)

1.356

1.372

(-1%)

1.284

1.251

(3%)

REAL NEWS

37.610

35.749

1.871

5



â&#x20AC;&#x201C;â&#x20AC;&#x201C;

â&#x20AC;&#x201C;â&#x20AC;&#x201C;



710

697

(2%)

706

711

(-1%)

712

702

(1%)

754

707

(7%)

623

606

(3%)

 O  

9.491

8.939

552

6

. OO

â&#x20AC;&#x201C;â&#x20AC;&#x201C;





259

260

(0%)

262

244

(7%)

265

249

(6%)

266

256

(4%)

249

258

(-3%)

YH

3.423

3.583

-160

-4

 OO

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

34.492

35.416

(-3%)

34.432

34.491

(0%)

33.934

34.648

(-2%)

33.357

34.532

(-3%)

41.550

41.026

(1%)

NIKH

597

586

11

2

 

34.928

37.485

(-7%)

24.126

24.287

(-1%)

26.992

26.225

(3%)

27.509

27.493

(0%)

24.590

24.252

(1%)

50.966

50.947

(0%)

O 

18.247

18.955

(-4%)

17.687

17.830

(-1%)

19.291

18.685

(3%)

20.680

21.318

(-3%)

18.459

18.577

(-1%)

32.747

33.368

(-2%)

NO

14.168

14.668

(-3%)

24.336

22.364

(9%)

18.450

14.006

(32%)

24.208

21.974

(10%)

17.665

13.745

(29%)

12.048

10.363

(16%)

OO

257

239

18

8

O

65.497

57.794

7.703

13

O

59.487

56.358

3.129

6

EY. TY O

13.784

15.538

(-11%)

12.430

12.647

(-2%)

8.427

6.864

(23%)

8.953

8.672

(3%)

16.627

16.289

(2%)

14.088

8.885

(59%)

E. TO

37.597

33.922

3.675

11

 O 

7.907

8.634

(-8%)

7.184

8.466

(-15%)

8.388

8.871

(-5%)

7.306

7.891

(-7%)

7.431

7.587

(-2%)

7.186

7.140

(1%)

ESPRESSO

16.864

17.647

-783

-4

ESPRESSO

10.420

9.426

(11%)

9.539

9.684

(-1%)

10.368

9.660

(7%)

9.396

10.971

(-14%)

10.417

9.616

(8%)

8.321

8.019

(4%)

AOEYMATINH

5.579

5.432

147

3

.  O

6.834

7.017

(-3%)

6.774

6.739

(1%)

6.941

6.812

(2%)

6.836

6.759

(1%)

6.868

6.832

(1%)

6.617

6.756

(-2%)

AE MEYTO

5.973

6.051

-78

-1

EEYEPO

4.387

4.378

(0%)

4.319

4.333

(0%)

4.350

4.372

(-1%)

4.328

4.303

(1%)

4.387

4.338

(1%)

4.426

4.375

(1%)

TO APPO

3.310

3.314

-4

0

E TIA

2.252

2.253

(0%)

2.071

2.071

(0%)

2.117

2.098

(1%)

2.090

2.136

(-2%)

2.215

2.175

(2%)

2.276

2.254

(1%)

AYPIANH

2.027

2.179

-152

-7

AYPIANH

2.337

2.287

(2%)

2.120

2.126

(0%)

2.183

2.097

(4%)

2.062

1.962

(5%)

2.549

1.991

(28%)

2.217

2.008

(10%)

E. PA

2.073

2.074

-1

0

BPAYNH

786

774

12

XPA

611

893

-282

EN. YNOO

524.367

502.164

22.203

2 -32 4

   ?175H<3C@B8 /  6 #573;2C5A8?C@B8793C>=)!;52D5A>(2?>* /  6C@B8:39793C3)%.3* /  6   AE0C@B8 /

6C@B8793C> ) /<3*/ 6<5 C0C;>)&48705F;<>2 =93793C8493G50A9B8C8F:A0B8F*?175H<3

E. PA

928

904

(3%)

937

910

(3%)

920

917

(0%)

936

934

(0%)

935

930

(1%)

956

922

(4%)

 

862

877

(-2%)

858

870

(-1%)

864

1.002

(-14%)

860

846

(2%)

838

889

(-6%)

809

825

(-2%)

561

569

(-1%)

585

547

(7%)

553

563

(-2%)

526

543

(-3%)

H XPA

YNOO EN.  OO

601

544

(10%)

534

556

(-4%)

117.655

122.966

(-4%)

112.915

112.883

(0%)

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

â&#x20AC;&#x201C;â&#x20AC;&#x201C;

147.407

148.299

&A93:$/ 6,=>4>F793C>) -D=>F*/  6<5C0C;>)2CAEB8<5 5:3C5HA@* C@B8793C8=)!;5HD5A>CH?03* / 6    AE0&A93:$/ 6,=>4>F793 C>=)'9I>B?$BC8* / 6(0C;>F )(I$<?3 GA/<3B55A7>41C5F*?175H<3,=>4>F/  6,=>4>F793C>) -D=>F* / 

6

109.852 106.178 144.284 140.686

(8%)

115.749 115.806 149.683 150.454

<5C0C;>)+?1BG5B87933;;37/B5;043F*,=> 4>F:39793C8=)HA93=/* /6?>H50G5 C0C;>)=>0759>:3HC1F6$:5;>FC8F*    AE0C@B8 / 6&A93:$ 793C8=)"3D8<5A9=/*/

6<5 C0C;> )>;9C9:/:3C5H=3B<>2CE=37A>C@=*?1 75H<3&A93:$/ 6C@B8793C8=

(0%)

113.534 107.784 146.891 142.316

(5%)

143.183 136.405

(5%)

184.733 177.431

)* /   6&A93:$793C3 )%.3*/ 6   

 AE0C@B8 /

6 C@B8793C8=)H7/* / 6 ?175H <3 ,=>4>F  /  6 ,=>4>F 793 C> ) -D=>F* /  6:>;>2D8B5B5$=> 4>8)HA93=/* / 6<5C0C;>)AG0

U 6*0-1+.&#680 "-80 U#:4+#2+57)-80# 6124!5821%*.56101; 4#0! 2'4(#01 2415*.8/01208561;9/4 6;4'96*95-%*961; U .'+0#(1$*7'  #..&'0/214'  U*/&+#2!01;0610#56'4'121+*/0#&-4;# +5614+-#21/'+04+#6*9/0/*9 U ,'+9/1;5+-#21561/86+-'4)#.' # 0#9 $4#:0!9:1921;.+1" 0##'4-+0#-1;00# ("..1-#+/'4+-(#065/#6#56#:#/!-.#&#0# -4;(1-1+61"061)"4+5/#6*92436*924,'89 U 416'6#/0161!2.1561/682106 -4;1 4 -19 U 6+)/6'.'5 &+-*-#+612#4'.7!0 5;0641(+ /10#&+- (6+:0'+/+#-#+01"4)+#5'. &# U 06+/68219/'6*0-00* #0#5-#.'"'+56# $+$. #-#+$4 5-'+61;9) )#06'961;90'('.1$ /10'9 U#/6+#-#4(8/0#56156#"48/#61;$.//# 61961;7'#64 01; U 2')085/0**241527'+#6*9'2+$1.961;

  

 

        

       

 

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




OIOOMIKE

,/3'  -.8 1.8

  (19.1)

  (20.1)





  (21.1)

 μ  (22.1)

 O 

1.503

(1.510)

1.456

(1.434)

1.376

(1.381)

1.533

(1.480)

  (23.1) 1.548

(1.518)

  (24.1) 1.080

(1.078)

H

1.145

(1.154)

1.164

(1.159)

1.133

(1.141)

1.159

(1.147)

1.207

(1.208)



()

     O

808

(810)

898

(929)

825

(903)

940

(939)

913

(893)

1.064

(1.013)

O



()

578

(572)

561

(589)

602

(624)

618

(614)

574

(532)





()

431

(446)

472

(476)

471

(463)



(527)

461

(424)

FINANCIAL BOX

61

(71)

74

(63)

64

(62)

60

(64)

72

(66)

56

(59)

3.517

(3.545)

4.601

(4.603)

4.431

(4.552)

4.765

(4.717)

4.358

(4.826)

3.235

(3.106)

 OO



  (21.1)

 μ  (22.1)

  (24.1)

K  (25.1)

SPORT DAY

12.295

(12.574)

9.807

(9.672)

9.499

(9.318)

9.926

(9.620)

9.385

(9.978)

12.609

(12.664)

16.541

(13.375)

 TN OP

15.197

(15.567) 13.578

(13.774)

13.668

(13.711)

14.835

(13.721)

14.510

(14.185)

14.426

(13.950)

16.825

(15.994)

PTAHTH

10.915

(11.332) 10.138

(10.239)

10.267

(10.300)

11.451

(9.929)

12.996

(12.618)

11.976

(10.619)

15.653

(13.326)

GOAL NEWS

11.310

(11.131)

7.434

(7.623)

8.063

(8.114)

8.048

(8.671)

7.939

(8.186)

9.306

(9.075)

10.046

(9.910)

IAO

5.118

(5.166)

4.452

(4.535)

4.492

(4.418)

4.569

(4.776)

4.582

(4.536)

4.700

(4.413)

4.989

(4.621 )

A!HTIKE

  ( 19.1)

T  (20.1)

  (23.1)

EBOMA"  12.1.09 - 18.1.09 O&μ- O K%/μ # E&*#:

29.944

30.038

0%

A',

7.298

7.666

-5%

X":μ, T"

1.686

1.692

0%

M-$

1.000

1.020

-2%

μ;#

799

762

5%

#"<&μ,

494

â&#x20AC;&#x201C;

â&#x20AC;&#x201C;

X"#/: E#,",: 47.460>. ( 41.010 # 16%) "* T"$" (14.1), 32.400>. (34.030 # -5%) "* !!<,?# 16.1 ,!' 62.900>. (63.510 # 1%) "* ?'!,# (18.1).

E*- ,!-

EEPA TN OP

5.360

(6.026)

4.102

(4.788)

3.946

(4.829)

5.027

(5.312)

4.590

(5.077)

6.250

(6.110)

5.868

(5.441)

M#

6.253

6.654

-6%

H PA INH

4.990

(4.451)

3.824

(3.811)

3.688

(3.742)

3.791

(4.259)

3.862

(4.168)

4.137

(4.292)

3.608

(4.505)

T $μ,

5.871

5.774

2%

PA  

3.268

(3.867)

2.701

(2.870)

2.721

(2.669)

2.727

(3.315)

3.046

(3.489)

4.213

(4.323)

3.336

(4.152)

">&</%"

3.325

â&#x20AC;&#x201C;

â&#x20AC;&#x201C;

X"#/: :

1.085

1.509

-28%

DERBY SPORTS

4.649

(4.333)

4.073

(4.433)

4.142

(4.084)

4.161

(4.336)

4.531

(4.484)

6.261

(7.245)

3.298

(4.381)



()

2.039

(2.188)

2.080

(2.331)

1.976

(1.659)

2.249

(2.425)

3.210

(3.039)

2.782

(2.781)

SCORE LIVE

1.170

(1.393)

1.004

(925)

932

(914)

925

(942)

1.142

(1.095)

1.307

(1.194)

1.206

(1.546)

YNOO

74.272

(75.840) 63.152

(64.858)

63.498

(64.430)

67.436

(66.540)

68.832

(70.241)

78.395

(76.924) 84.152

(80.032)

H ATA

@5?45/685,?2)1&9+/=-/):5914*)25 :.=" 

 8<& #45*5= %

,#45 *5=-/):.4!);.3+8/4%" % ,3+ :&:25!)85>$=><8&=9>$*/51)/)65:$2+ 93)"6'-+?3)#45*5= %, #45*5=-/):54!2+(;+85 (65"  %

  ,3+:&:25!>78)9:)*?5"#45 *5=1)/-/):.4!9:&)" %

,           9:/=  6)85?9&)9+45*5 %

  ,6':)68</445*5+&>+5!/ @5969:.=:.=?8/)1%="% , 6':))65-+?3):/445*5+&>+.!?

8/)1:/1. 2+?;+85:?6&)"   %  , )1);)81?8/)1:/1)65(2. 9)4 5!8/4" ,  ,% 1)/.!65>%"  ,  , %  6':)5/15453/1:.=?8/)1%=:5!$8 *5="65(2.9+ ,  , % 1)/. !068$="

, , %

Match Money: 3.362>. "* =" 13.1 ,!' 5.990>. (6.168 # -3%) "* !!<,?# 16.1. King Bet: 2.426>. "* =" 13.1 ,!' 5.951>. (6.051 # -2%) "* !!<,?# 16.1.

+" ,"+

10.571

11.276

-6%

,",/#: , 13

9.565

9.512

1%

+:&,

5.499

5.106

8%

Athens News

2.180

2.124

3%

ANE!!AIK" O" 12.1.09 - 18.1.09

    

T

* ($*43.8- -$/ -1453  U  (23(6,$&+$628-.(*$63 #-31 23 -.-3 (23.$*3$+$23(* /2/ 2,  U  (.175- /12(-5-28- (24',35- . ,.+.&$$84 1206 U " ,$,-.#0#$* #-31  U  (3.,-. -.&$(3'-/+'& *, /$ 1(223$1. U ( 833(- &1$8 -1 &$23',2'3.8 #1,.8 $*$/.8.(,$& +/-.$6(#$6(*  -./.(.-3(6 -&*$63.831.7.* (3.82*8 1.#, 3.6 U 3'-*.(+# 35- *5- U ( %82 ++# 7 2$3.-.,3'6 U %4'*$23'-'7.,(,'3(** ( /.2/ 24'*$ U /.81,/.8+41 &(-$ -., ,( 6*. *+ 6 23$ 6 ,$,$&+',3' /+ 3(/#( * (,$&+'*.(+( U $- /.31(,$&1& 1.-$1- *31(-. * + ,*(* (' $51& 7$(*.++2$(3.23.

7 M TV T!"# TV Z$&'*+, T!μ! P!/':";!< T,:*"; TiVo TV Avanti



106.810 95.720 79.510 53.900 27.420 28.120 17.130 21.750

135.100 119.580 69.690 48.490 27.070 27.470 16.470 20.880

-21% -20% 14% 11% 1% 2% 4% 4%

 

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

*0+.6%1 &**.3 6 U 3.-#1,./ 1 3$3 &,- 3 #1$/ -' %1  U /- -3(- /$*./.+71.-. ,-. ,$ 3 %++ 3.8* (3 /.8+(3.823.+(2,-. 23',2'3.8#1,.8 U - 6!187'4,6)$74'*$ 3 /.8+(%8 & - 3 %++ 31$,/ () - 3.20, /$2$ 2'*0-.-3 62*-' U +'2 2 -.(-$*1.%1$6 %1352 -3. 20,  U #1,.6&8,-6 2*+'16 32(,$-3-(.6 U.3$+$83 ./$*.3.8#1,.8 U .+.%.-4'*$ /$(2!.+$6 /++./+ -3' U $- ('/103'$#'2' 1(.23 #$+3 $(#2$5- U 3'-*.(+# 35- *5-

 

   

Hello OK Down Town :'&;* Ciao X$'

34.280 31.970 21.480 15.890 12.550 4.560

37.650 33.040 22.230 16.430 14.980 9.640

-9% -3% -3% -3% -16% -53%

E!"# $"%&# T<" =>: K:?=@ $JJ!": K:?=@ Sudoku Sudoku Fun

15.630 11.430 7.100 6.590 3.980 2.380

15.280 10.890 7.240 6.290 3.830 2.640

2% 5% -2% 5% 4% -10%

28.400

-2%

18.790 9.480 1.400

-8% -9% 0%

E'%*# A*;!μ!

27.890

+", K!"=*! M=,? M$:? '&"'!

17.270 8.640 1.400






%#% $%

&"+&1")&(%*"/,)%  ()"+"&41 *1&*-/,010"*&+2/3-&01&((/0% &!& ,&(,+1"41,6(/1&(,/"1+&(,1%)",-1&(, !&(1,6

#+"1&-34(-3410&1%++1& )*+,+1& (2.4/+2% (++-/,),6+,)&$)"-1, 1%)",-1&(0-,1(&-,6(+" (()%0%01,64/"1+,4$& ,&(,+,*&(6-,01/&'%13+,& (,$"+"&.+13++"(/.+ )&01&+3+1%4 74 "- 0%*%!&(&,),$1,6$"+&(,!&"626+11,6

/(*0,+1++&(2(,+*4+!& 0#)0,6*"-341-,1!"+7"&0"(+!6+,+ -,!6+*32"%*"/,)% *4,"/.1%*" +&+,*0,+(&1,(+)&2"5+1%+!& +1&*"1.-&0%0"*(()%0%6-/13+0/%)& +.+

O

! 

bibUl^bpihr]Uqmad^mh`bZgZZgZf^mZ]jl^bmagUd dealaVmZgm^kGlmb^p dZnjplmhie^rkXmap_beZgnkoib

dVp)2"23&12-&1'&.$8/--)33&& ihrZgUeZ[^magiko

mh[hreWZ lrgmGqnadZg [hre^rmUpdZnjpdZbhZkqb^iW ldhihpmhrDGgm^kfi^kb BikhdeambdXmamZmhrdZgZebhY lrg^qWlmad^XmZgZf_bl[Vmal^ma]rgZmXmamZgZiZkZ]hn^W lma9GsZa[hVn^bZihrnZlree^qn^WZiXmhrp@k^mZghYp iheWm^p iZkXehihrrihrk`hWmapdr[UkgalapEikGhrg ]bZ[^[ZWogZgmhZgmWn^mh Idr[^kgambdXp^dikXloihpfG eblmZdZmUdkbg^magZiX_ZlamhrdkZmbdhYdZgZebhY magj kZihrqbebG]^p]bZ]aeomUp]bZfZkmYkhgmZglmhdUgmkhmhr <hg]WghrdZmGmhrdZbriUkmog=ZeZblmbgWog Tiop]V eol^LAWfZlm^c^dGnZkZriUkmapUddealapM >^fbZikh liGn^bZgZljl^bmbp^gmrijl^bp hEikGhrgZgU[Zl^mh[b

%(*'(

 $!

H

O

ikjmalh[ZkVdkZmbdViZkUf[ZlalmhgiZkZiZWhgmZmh fUZmogEEAU`bg^lma9ZeeWZ IikX^]khpHbdheG>ZkdhsWZ gZdhWgol^UgZiZdUmh ^dZmhffrkWog^rkj`bZgZLlmakWc^b hbdhghfbdGUgZgmhfUZmap`ZeebdVphbdhghfWZpihrZiZlqhe^W

fop [kWld^bd^k]blfUgamag&,&5)2" mh f^`ZeYm^khmae^himbdX]WdmrhmhrE^ cbdhY B&,&5)2"lrg^k`Gs^mZbf^mhZ

ch]^Y^bV]aa`ZeebdVdr[UkgaladGn^qkXgh`bZmhgKYih Ib dkZmbdUpdZmZqokWl^bp nZZrcanhYglafZgmbdG lmZ`ZeebdGUgmriZ ^gj

f^kbdZgbdX]Wdmrh .)5)2)/. ihrejgmZp mbpi^mrqafUg^pL3&,&./5&,"2Mmhr ]a eZ]Vmbp`golmUpf^cbdGgbd^plZihrgX

mZrmXqkhgZnZlmakb qnhYghbdhghfbdGhb^ _af^kb]hije^pdZbhb ]bZghf^WpdZmRhWdhg B f^`ZeYm^kadZbghmhfWZ olmXlh^WgZbmhN]jkh `^g^neWogihrdGg^bhL>ZkdXMl^dGn^ qkhgh9GeehKagafUkZ

_ogWZfGeblmZikh[eUi^biopa&,&5)2"nZ^blikGc^bGeeZ^ dZmhffYkbZ]heGkbZmZ^iXf^gZhdmjqkXgbZZiXmZ]bZ_afb lmbdGUlh]Z

mZm^e^rmZWZqkXgbZhbgUhbUqhrg`rkWl^bmagieGmamhrplmZiZ kZ]hlbZdGEEA

% & %! '$

! %$!%!)" 

O

H

^deh`VmhrEiZkGdIfiGfZUq^b `^fWl^bmhgdXlfhikhl]hdW^p Ib

ikjm^pmhrZih_Gl^bpQde^Wlbfh9dhr ZgmGgZfhdZbZiXlrklaZiXmhCkGdQ UqhrgldhkiWl^bqZkG Ibikjm^pmhr _omh`kZ_W^plmhI[Ge9kZ_^Wh olmX lh ]^g]afhlb^YmadZgihmU K^kfZmW shgmZpfbZfZdkGiZkG]hla mh^ibm^ e^WhmhrgUhrikhU]khr]^g^iUmk^\^ lmhrp_omhk^iXkm^kgZZiZnZgZmW lhrgmagikjma_hkGihrhIfiGfZdGnbl^lmhikh^]kbdX`kZ

ZiX`^rfZZiXmZma

_W^p KkWZZiXmZf^`ZeYm^kZ]b^ngV^b]al^h`kZ_bdGikZdmh k^WZ ehbiXg ZkgVnadZggZmbp]afhlb^Ylhrgl^Ug]^bca]bZ fZkmrkWZp Kh22/$)"3&%1&22 mh&43&12dZbmh9ZeebdX=kZ dmhk^Wh^WqZglrganWl^bgZUqhrgikXl[Zlal^mhf^Wpmhr <^rdhYIWdhrihr`^gbdjpa^Wlh]hpZiZ`hk^Y^mZblmhrp]a fhlbh`kG_hrp XiopmZikhloibdG]bZf^kWlfZmZmhrikhU]khr

&62Zih_Glbl^gZ ZdhehrnVl^bma`kZf

`o`Up B .)5)2)/.]^gVmZg]bZm^n^bfUgagZfhbkZlm^WmhdUk

map^gaebdWolVpmhrp hbg^ZkhW9GeehbnZZihdmhYgfWZ]ok^ Gglrg]khfVl^XihbZ^_af^kW]Z^ibnrfhYg`bZUgZgqkXgh I lmXqhp^WgZbgZ]afbhrk`an^WUgZgUhZgZ`golmbdXdhbgX dZnjp

_^Wh ZeeGZih_GlblZggZ]bZg^WfhrgfXghbmhrpmbp_omh`kZ

!  ("..&,)5&dZb

i^k^p mbphihW^phbbliZgX_oghbmap?f^ kbdVpeZmk^Yhrg KZ]YhdZgGebZolmXlh^WqZgUgmhga]bZfGqa `bZmZ]bZ_afblmbdGUlh]ZihrZih_Ukhrghbf^cbdGgbd^piZkZ ]hpmap B]bZfGqaQihrdkZmG^bmUll^kZqkXgbZQ^ibeYnad^ m^ebdG XmZga&,&5)2"magZi^Weal^iopnZiG\^bgZmapiZkUq^b mbpiZkZ`o`UpmapdZba .)5)2)/.]Uqmad^gZieakjl^b ^ dZmhffYkbZ]heGkbZopZihsafWolalmhrpE^cbdGghrp Blrf

mhlihmGdbZgZf^mZ]Xnad^magDrkbZdVmh

("..&,  ^gjmh+8

ZkbnfXpmogbliZgX_ogoglmag?f^kbdVZrcGg^mZbkZ`]ZWZ dZbZgZiX_^rdmZamae^XkZlaikUi^bgZikhlZkfhlm^Wlmbp ZiZbmVl^bp^gXpf^`GehrQieUhgQfUkhrpmhrmae^himbdhYdhb ghY B]afh`kZ_bdVZeeZ`VihreZf[Gg^bqjkZlmag?f^kbdV X

 ^k`ZshfUghrpM Xiop^Wi^]bdZbheh`jgmZpmagZiX_Z lVmhr KhiZdUmh>ZkdhsWi^kbeZf[Gg^b ^dZmhffYkbZ^r kj^malWop`bZmkWZqkXgbZ mZhihWZnZikhlm^nhYglmZ  ihr

gm^Gdblmag^iWlafablmhl^eW]Zmap/6.).'31&&3 K^ebdG

e^himbdGdZgGebZ

=Ufima CZghrZkWhr 

PhlUAf^mUkbhJW[Zp[kUnad^mhg?ikWebhmhr f^fbZ l_ZWkZlmhd^_Geblmhhfbqej]^pmhiWhmog]breblmakWog

mapiXeap"11".$"#&1-&*" ]WieZlmhgf^`ZeYm^khihmZfXmap qjkZp mhgEZ`dgmZeUgZ KhLU`deafGMmhrVmZghbdZma`hkW^p `bZ]bZ_nhkGihrZiaYnrg^lmhg]VfZkqhmapiXeapPhYebh>U sZk?kgmWeZZiXmhgZUkZmhrmhibdhYkZ]bh_ogbdhYlmZnfhY L",/123&1&/M Tehb`gjkbsZgioph?kgmWeZVmZgh^`dU_Zehp map]heh_hgWZp h]V fZkqhpolmXlh]^gZ galrqhYl^`bZmagmYqa mhr AcGeehr hJW[ZpV mZg Ziejp UgZp ZiX mhrp  ]afhlbh`kG _hrpihr]heh_hgVna dZgmZm^e^rmZWZ qkX gbZ fXghdZbfXgh^i^b ]V UdZgZg lolmG ma ]hre^bGmhrp Ib^`dU_Zehbmog]heh_hgbjg]^gmbfokVnadZg ihmU B]bdZlmVpHUeb@ZeUqh Xfop UliZl^magiZkG]hladZ mZ]bdGshgmZpmhg?kgmWeZl^ qkXgbZdGn^bkcap BZiX_Zla mhr]bdZlmakWhr[`Vd^lmbp

CZghrZkWhr qk^bGlmad^XfopgZ i^kGlhrg]UdZfUk^pfUqkbgZ]afhlbhihban^W Kag^W]alaf^

makVl^bmagNZf^kh

KhI[Ge9kZ_^WhXfop^WgZbmh]afXlbh`kZ_^WhmhrikhU]khr lYf_ogZf^magGih\aihr^cU_kZlZghbGgnkoihbmogikZ dmhk^Wog dZbnZUik^i^gZ^ibmkUi^mZbaikXl[Zlalmhrp_o

mU]ol^ikjmhphikX^]khpmhrikZdmhk^Whr.3&1-&1)$".

ea\WZmhr

mh`kG_hrp

1&2222/$)"3)/. ihr^]k^Y^blmagEih`dhmG

fVmhrdZbgZ]bZ

# &$$! 

U :^griGkq^b^W]alaLDXiad^MZiXmagAK a^d ihfiVLOiGkq^bAW]alaM XiopZgZdhbgjnad^mag =ZkZld^rVlmhrp[ZlbdhYplrgm^e^lmUpmap lmhrpiZkhrlbZlmUpPkblmWgZDZeafUkadZbPkV lmh9bZgghYeadZblmhgZkqblrgmGdma:afVmka HmXsa U BZbmbheh`WZ^WgZbXmbriGkq^bLGeehplq^]bZlfXp lmagikobgVsjgalmhghihWh]^gi^kbeZf[Gg^mZba ^dihfiVMdZbXmblmanUlamapnZfi^bUgZ]^emWh ^b]Vl^og UB^dihfiVf^mZ]b]XmZgZkqbdGmhZiX`^rfZdZbU dZg^]Yh^ibmrqafUg^pmae^himbdUpl^sXgZeeGmhg >^imUf[kbhf^mZmUnad^mhikoW iZkGmbpZgmbkkV l^bpmoglrgm^e^lmjgmapl^fbZikhliGn^bZgZlr gZ`ogblm^WmZikobgG]bdZGeeogdZgZebjg=ZkGmh LlhdMmapf^mZdWgalapl^Geeamae^himbdVsjgaX qbfXghZgm^i^cVen^ ZeeGmhm^e^rmZWh]bGlmafZ

U`kZ_^dZbiheYdZeGghrf^kGdbZ U >malrg^]kWZlamap]bhbdhYlZpmapAK a;Ge^bZ `^gbdVdZbh>iaebXihrehpikX^]khp_Uk^mZbgZ ^WiZgXmb]^g^WgZbbdZghihbafUghb Xmba^dihfiV ]^gU`bg^ibheGbmXiopUik^i^dbXmbZdXfadZbqh ka`hWUqhrgiZkGihgZ ^ibdZehYf^ghbfGeblmZQ UmlbeU`^mZbQ^iblmheV]bZfZkmrkWZp^gXp`golmhY [b[ebhijeamapiXeap UI[b[ebhijeapiGgmopfZnZWghgmZpmblrgU[aU lm^be^^iblmheVf^dhbghihWalaiZgmhY`^gbdV]b ^Ynrgla ]bhbdhYlZ ^dikhljihrp^k`ZshfUgog lmaghihWZ^dn^bGs^bmag^dihfiVdZbZiXiGgosa mGdZbN^ca`Vl^bpZiXma]bhWdalamapAK  U B;Ge^bZ olmXlh ]aejg^b]afXlbZXmb^dmbfG mbpbdZgXmam^pdZbmagikhl_hkGmoglrgm^e^lmjg map^dihfiVpdZbXmbnZZcbhihbanhYgl^GeeZZ gmWlmhbqZiXlmZ ZeeG^d^WghbZf_bl[amhYgXmbr

iGkq^blq^]bZlfXp`bZmagZcbhihWalVmhrp ^i^b ]VmhrpsamVnad^gZdGghrgqkVlamogZ]^bjg mhrp U <G[khplmhfieh`dmhr`bZmhdX\bfhmap^dih fiVp^WgZbUgZpGeehpLdhffUghpMmap]afXlbZpma e^XkZlap >magblmhl^eW]Z(3306663572'1 5  h>mUebhpDhYeh`ehribnZgheh`^WXmbaZeeZ `VmapjkZpmap^dihfiVpU`bg^f^lmXqhgZZiZ cbon^WdZbm^ebdGgZLdhi^WM lmZikXmriZmhrLJ^ ihkmGsPokWp>YghkZM ^i^b]Vhblrgm^e^lmUpmap L]^gVmZgiZb]bGmapH:M U IDhYeh`ehrrihnUm^bXmb`bZgZLdhi^WM^dih fiVlmhfUlhgmapl^sXgfGeehgiGf^`bZ^deh`Up DhYeNZk^ >mUebh U IFjmapDhr[Ueapmhr>OHihrmhUfZn^ZiXmZ fieh`ddZmUn^l^^i^kjmalalma@hreV ^gj^mhb fGshgmZbV]adZbGeehb[hre^rmUp ihrdZmGdZb

khYp_behc^gVnadZgdZb^cUn^lZgmbpZiX\^bpmhrp lmag^dihfiV U HUZlmhbq^WZ`bZmhgkXehmhrZgmblmZlbZdhYKY ihrmap@ AeeG]Zpmagi^kWh]hmapdZmhqVpUkqh gmZb`bZikjma_hkGlma]afhlbXmamZlmagaf^kW]Z ihr]bhk`Zgjg^bmh>G[[ZmhaA>BAE;lmhgqj khmap>mkZma`hYDZeGka AdmXpZiXmhrp]bZ ik^i^WpblmhkbdhYp ^bla`amUpnZ^WgZbdZbhblrgG ]^e_hb]afhlbh`kG_hb>iYkhpDhrsbgXihrehpdZb EZgXeapDZg]reGdap l^Zkq^bZdXrebdXmoghihW og[ZlWlmad^aUdn^laihr]bhk`Zgjnad^dZb_b ehc^g^WmZblmhEhk_ombdXS]krfZmapA>BAE; Kh>G[[Zmh ihr^WgZbdZbam^e^rmZWZafUkZmap a Udn^lanZ^WgZbZghbqmVZiXmhikoWfUqkbdZbmbp^g gbGmh[kG]r

   


! 

):=A5 .;<F.?+<F

%&!$    

   

"*!")(   &$)(#   

.E?,;6.282+;.*A.;2:,1.26DA6D8512+2D 8=<6<D;.)/4.6;2282+;.9)26.;<5@+2D 8.6.;A+;.B/<F;A<;;28?,:2A.168A<FD9,46. =9*?C;.;);.9,46<;.4?326:<6?<9,46. <A68.9,D=<F*A.;2 A6:)4.D2F2?4)A5D .9912;4?3.;2=<A) <A-=<D*A.;89)3A5D! )/.6.58.?6)?..FA*12;*A.;A<,;26?,A<F 8.6<?46G,A.;3F@6846..FA,A<;72=2@:,A<F

*:2?.B.A<9:*@<F:2.=<8<A6:2495 =<F:.D=?<*9B27.3;68 .=,=<A,8.6G95 82+=<F4?3.:29<6=,;A<B):.A5D/1<:1.D %:2A5;4;C@A*A5;:)B<1<8.6@2=<99D.?1.D% A.4?::.A.2724)?B58.; 12;B)9.;2;.:=<-;2 @A5;89.@68*A<FDA5;@26?8.6282+;.2;CB<-;2 .G2-<;A.6,9.@A5;4C;68.6.?E+G<F;;.:69<-;2 @A?./;.:28<6AG<F;28.6;.@F;C:<A<-;2 28;.268<@92=A<@A?)3<;A.6=?<DA.:);. A<;9,4<=.+?;26A<8.69)26@F486;5:);. 

(A.;8.;2+DA.A+;.G2A<2+E.46.E.?:<F 8.6,9<)0.E;.;./?C8.;);.8292=<-?6 8.6<?:*D2?E,:2;<D@FE;@A.,;26?:<F :<F)16;23AF@+:.A.8.63@829.@A5:<-?5!

EB)D,A.;2:B.:2=CDA<8.6;<-?46<B):. 2+;.6<2>?46<D<F?*D:.D3;582@.;0):. FA,D=;A.:.D3?,;A6G2 :.DEA);6G2=?6;/4<-:2 12;:.D=2A<-@2&1>8.6282+ 46..FA,8.6A<;A6:<-:2

'A.;9+4<=2?+2?4<;28?<+ GC*;.1+;<F; @2);.;8.6;<-?46<=<65A*@.;A5;GC*.3*;<F; $@AC8.6)A@6A296872E>?6@2@F;A,:CD .=&A<FD8.6;<-?46<FD=<65A)D8.6;<672<1?,:<D <6*:.A. B2.A?68 /6/9+. 8C:C1+2D @5:2+C;.;26DA<8<6;,9.:=?)D2=6AFE+2D 8.6.FA,D=<F9+4.E?,;6.=?6;A<?@<.=<G5A<-@2 <+16<D:2D@A.82+:2;.@.;16/<9<D:69<-@2 

.A9505B.8;<F:2:2D@A6D92F8)D@29+12D %@2282+;<;;.A<F:<6@<F:212;)E<F:229=+12D% 8.6A<8B2);..=,2:D1-<9,46.B.A<F@A2+926 )A@6A6:<-;A<;=<65A*8=<6<6=.96<+A<F3+9<6! 3;<FA.4?::.A.99.7.; )46;.;=969)726D 86.48.96.@A*8.;2:.G+8.6;A2;.A.72:=9)726D 8.62@2+D;.7)?2A28.9@A.=.?.8ACB.-:.A. 2FB-;5=6.12;)EC24> .99,9.A.4?::.A. 2;;*B582<=<65A*D26DA5;C?.+.-?< *A.;8.9,D@A.4?::.A. :&.=<G5A<-@289*?< 2;A)926A.8.A32?2%5A-E5=>DA.3)?;26% 8.6A<;2,;.=?<@8F;8.6@&,9<FD;.A.0)9;26 ..D1<-:2<+16<DA6)924246.A5;8.A.4C4*A<F A<=<-8?.A<-@25@8<-36.A<F=<F2+E2@A5;823.9*A<F

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

=29=6@B2+D28AC;21> @A5;,9.@6;8.A)/5; 8.6:2@F;A?,3<FD3CA26;<-D.=,282+.;)/5; @F;A?,3<FD1-<28928A<-D8.66./,9<FD=?>A<FD :512;.;)@F?2A<3CD8.6<9@A5D28A<F@8,A<FD +;.686<61-<=<65A.+ F=<8?6A.+:249<6 6/<9<6:28)?.A.86<61-<@A<82396!

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


# 

3DGK? 8EFP8I5FP



              

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

#

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

K8O5C@8<EE@8B6J@8FBKH>@8$6DG<C<GIFK#L? 8PK6NGFP>@8GKPO5F!@CFJF=@B4N#A@FN;<E<JK#L? +5C@8<EE@8B6J@8;<B8<EE@# P>F7JKFP K8A5;<:<FGF@?K4NK?NK3OE?NB8@KFP>F7JKFP %5;@FN;<EL84L<C<BC#D8K8B8@;PJK7OFPN B@8EK5<C<><58N>I#=FPD<KFPNK<C<PK85FPNJK5OFPN '?C3>I8=FNKFPN3JK<@C< JKFE<E@Q3CF<;6L? JK@ND7IE?NK?EB8K#C?:?KI58OI6E@8GI@EK?EGKHJ? 

+-"+(#-&+("(#'(&! (+ (#'('#$#-#( ("$(# *! (+ B8@8GFII5=L<@NDPJK@B#D<K#GFCCHE<G85EME F@G6EB8@G#C@E -CC?E<N 8IO5QFD<EK8GIHK8 G#C@&MD?6NB8@A#GCMD8 G#C@QM4B8@B6K8)

(+IPJF=K3IMKF@G<KF7E<K6JF@G6LF@K6JMELI7CME B8@=ME#Q<@B6JDFNJBC#9FN / <>8C6JKFD<IF=4K?0 =85E<K8@GMN<5J8@B#GF@FNKMEFP;85MEKME8BK7CME GFPD<>#CMJ<KFE58JK@NBFI=3NKFP"?CFI<5K?)

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

# *!#(#$&%(#(,#+,#!#& "& ((# #!&#!"

'HI8GFP3=P><<PL7NKFPD<LPJ@F7?Q8C#;8 KF9I#;P<K<C<5MJ<B8@9>4B<?C@8B#;8 JB<=K6D8JK<GMNFFPI4NG8G#N3>@E<<EK3C<@ D8JK?E;@B@#KFP<BBC?J@#<>>I#=8E<8>>3CF@ @JK3:8D<F@8=<C<5N8GC68PK6GMN4K8E KFEJB7CFE8OFIK#JFPD<E8=#D<B8@K?EG5K8E $8>I#:FPD<CF@G6E;7FC6>@8J8E<B<5EFE B8@8EK58PKF7DPI5J8D<KFE<PM;#KFEBI5EFE 8F<6NK?N#K@I8N8G6KF8PK5D8NG85IE<@ ;7FJKIF=3ND8N>7I@J< JKFE;@#FCFD8NJK3CE<@  (E>7IMG#C@<;HJ8N;M J8NB69MK8GF;#I@8 D<  6CF@J8N>5E8K<G8CC?B#I@8)

L<E8>PI<7MB#GFK<B@<>H<G8E8JK#J<@N 8CC16DMNB8@JKFPN98J@C<5NL89>#QMKFB8G3CF)

8@8E8OMIF7D<8G6<B<5JB79FEK8NKFB<=#C@ D8G5JMKFP<KI3OFPD<=ME#QFEK#NKFPG#C@  ($8D?ED8NI5A<@NJK?EGPI#MN#CCFNE3FN$3IME KFPC#O@JKFE8GFK7O8D<J<B#K@<E;@8=3IFE)

,CCF@KFE<5G8E(CPI@B6)B8@#CCF@(I@JKF=#E?) KFD6EFGFP<5E8@J5>FPIFGMN#CCFN;<E<=#E? D<(<I@BC3KF) (!8JFPC4)B8@#CC8<PI4D8K#KFP B8@L8PD8JD6E8GIFB8C<5B8@>3CMK<NL8E#KFP

!"&"#"

"'  '&' !"!$ '" "& %"  "%"!'  !""

U


 



4EHL@ $9FGQ9J6GQ 

 D9L9NJ969HJ(?E9L94PGQF1C9DIO5C9CIO1@ E=JGE@F69D5B@O %9A@E7FAE@CQJA9JP69LGQ9 F9M@F9SCG8KLG=DD@FAC7EH(KC=LL@FL=D=QL969 <=C9=L69<=FM9EHGJG8K=F9<A9JC4K=A9ANF6NO



3PA7LAGA,HJ(KAFGA-<=F4PGQFC9D5GE(<95<=FEHGJG8FF9 H(JGQFB9F(L9KC5HLJ9 **DQEHA9C7O4P=A=FAKPQM=6 9DD(GA <A9>GJ4OE=L9B8LNF<8GGE(<NF<=F=6F9A=Q<A(CJAL=O /DDN KL=GA?FIKL=OLGQPIJGQLGF6RGQF7LAC9A=>4LGOG9F9M@F9S C7OKLAOD=HLGE4J=A=OQH=JL=J=6LGQ,9AIFAGQ-9FL6H9DGQ GAG=6F9AL7L=LGHJ7:D@E9HGQ4P=A9F9?C(K=ALGF9F9M@ F9SC7F9<=6PF=A>4LGO9QL5L@E4LJA9=AC7F9 F94 P=A?FNJ6K=A9F9H(FL=P=O5LL=OC9A1CQJ6NO1 F94P=AHJGC9D4K=AOLAO=CJ5B=AOLGQ#4DA EAJ*EHJ(FLG:ALO QL7M9HJGKH9M5 KGQE=F9HJGK=??6KGQE=K5E=J9

#" # +GE=?9D8L=JGHJ7:D@E99QL5L@KLA? E5KLGFHJNL9MD@L5=6F9A=KNL=JAC7 %9A 4P=AF9C(F=AE=LGFLJ7HGHGQG*EHJ(FLG :ALOM4D=AF9H96RGQFGAH96CL=OLGQ E=LGF LJ7HGHGQ9QLG6<=FH96RGQF9DD(C9AE= LAOE=L9B8LGQOKP4K=AO "6F9A9H7DQL9>QKAGDG?AC77 L9FEA99FMJIHAF@KP4K@=6 F9AHGD8PJGF@ F94P=A F=8J9 HACJ6=O B=KH( KE9L9C9A9<A9>G J69 GDDI<=E(D

"    IKL=F9CJ9L(K==?J5?GJK@LGQO9MD@L4OLGQ E7FGHGQLG8 L@=<I=6F9AHJ9?E9LAC5

! ! *HGDQF6C@OL=PFAC7OM4D=A4F9KQ?C=CJAE4FGKLADH9APFA<A G8 LGGHG6GK=C(HGAGQO<=F9J4K=A5<=FEHGJG8FF9HJG K9JEGKLG8F A9H9J(<=A?E9 G)6CGD9O9HGCL5M@C=NO4 F9O,EH7EH=J- "B9AJ=LAC7OKGQL4JHGQ=6P=E4KG7JG  H7FLGQO9F(H9APF6<A KLGF9F9M@F9SC79F9DIF=L9AKLGF9 H96R=A=HAM=LAC5(EQF9H(FNKLGF9FL6H9DGHD4AE4AC=JE= KCGH7F9LGFCGQJ(K=A *A,HJ(KAFGA-H(KPGQFKL@M4K@, -C9AG%4LKE9F9HGCL5 M@C=E7FGC9AE7FG?A9F94P=A4F9>AD9J(CAKL@F M5F9 G4CG:ALO *=JH4JG?DGQ HGQHJGNM5M@C= C9AH5J=C(HGA=O=QC9AJ6=O ?6F=L9A=8CGD9G 9HG<AGHGEH96GOLJ(?GO 9>G8=6F9AH9A<6 HGQ<=FEAD(=A %9AG D:4JL@O"<I4?C=AL9A6KNOLG E=?9D8L=JGM4E9 *=E:D@E9LAC7O9J

3HNO?A9H9J(<=A?E9L95B=AO9>5B=AOLGQ9JG8F9OA9KA C=:6LKAGQO *9F9M@F9SC7O4>9?=KP=<7F7DGLGC9DGC96JA ?A9LG9FM9E=6F=AGAMGQ9F7OC9ALG9HGL4D=KE9<=FLGF<AC9A IF=A 3KGQOH7FLGQO:(R=AKL@F=H6M=K@LGQO,LJI=A-KL@F(EQ F9 =6F9AG9<8F9EGOCJ6CGOKLGKQ?C=CJAE4FGCGEE(LALGQH9A PFA<AG8C9A=D(PAKL9<@EG>AD5O9F(E=K9KLGQOKQEH96CL=O LGQ =FP96J=A=CL6E@K@OG8L=KL9Q;@D(CDAE(CA9C9AKQPF(@ =>@E=J6<9LGQ@E5LJ@A9FF9C7HGQDGQLGF4P=A H=JAD(:=A C9FGFAC(

  +GE=?(DG9?C(MAH(FLNO=6F9AG!9K6D@OH9FG8D@O *, -<=FH5J=E4JGOKL@FHJG=LGAE9K69C9AD7?NLJ9QE9LA KEG84E=AF=HGD8H6KN9H7LGQOQH7DGAHGQO *6<AGOM=NJ=67LAG9F9M@F9SC7O <@D9<5G*EHJ(FLG:ALO <=FLGFKL5JAB=9?NFAKLAC(C9AM4D=AF9>8?=A 8E>NF9E=>5 E=OE(DAKL9R5L@K=9H7LGFE(F9LR4JLGQF9C(F=A=H9>5E= LGF*DQEHA9C7&=L(LGF@EAL=DAC7LGQ%QH4DDGQE(DAKL9C7 FLJ9KLG&9JG8KA 7HGQ5L9FGCGJQ>96GO 4D=?=E=F7@E9 KLGFH=J6?QJ7LGQ ,)9LAEHGJIF9C(FN7L9F<=FEH9AFG:?96 FNKLGH9JC4-

DGF7L9F4PGQ E=F9C(FGQ

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

LGFK=:9KE77DNFC9AEHGJ=6F9:(D=AC9A C9EA(>NF5KL99HG<QL5JA9 =6F9A=B9>9 FAKE4FGO QF5MNO=CL7O9HGKLGD5O HGDD(CAO=CL7OHJGHGF5K=NF <=6PF=A PGDNE4FGOC9AHD5JNO9HGKL9KAG HGA@E4FGO L@FL=D=QL969LGQPJGFA( E4K9KLG?5H=<GM95M= D=K6?GQJ9E=?9D8 L=J@KQEE=LGP5 KL@FGE(<9C9ALG ?=?GF7O7LA<=FL@F 4P=ALGFG<5?@K= KLGF9=6F9A9E4 LGPGOK=7K9 KQE:96 FGQF

9DD(LGCD6E9<=F=6F9ALGHD4GFM=JE7

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

QL7HGQ=BGJ?6R=ALGF4J:GHJGHGF@L5 =6F9A7LAGAH96CL=OLGQHD4GF<=FLGF9CG8F= /DD=OG<@?6=OLGQO<6F=AC9A(DD9:D4H=AF9?6FG

"  %9AL=D=QL96G9DD(7PA4KP9LG &=L(L@F5LL99H7LG&9JG8

FL9AE4K9KLGH9JC4 CGAFIOC(HGAGAC(FGQFLGQC=>9

KAG9F(K@OA9FF9C7HGQDGOEH5C=KL99HG<QL5JA9>NF(RG

DAG8LGQO =F=6F9ALQP96=OG8L=GA9DD9?4OGD7CD@J@O

FL9O ,.M=OK9OHD@JIK9E=LGF)G4E:JAGCA=K=6OH96R=L=4

H=FL(<9OE=L(9H7=D(PAKL9D=HL(H9APFA<AG8 G8 L=L9B=KH(KE9L(LGQKLAOKQF=FL=8B=AO+8HGQ *3FL=FL%(L9O=6P=H=AKLGH9J=DM7F7LAG *EHJ(FLG:ALO9J4KC=L9AKLAOL=PF@L4OCJ6K=AO

LKA- &7FGHGQLGH9APF6<A4?AF=KL9E4K9$9FGQ9J6GQ HJ(? E9HGQK@E96F=A7LAGAH96CL=O4PGQFD9E:(F=AFPJNKLG8 E=F9<8GE@FIF 3PA7LAM9P(KGQFL9D=>L(LGQO 9DD( C9A9QL5@C9MQKL4J@K@<=6PF=AHGDD(

U


 

+<?C7

0=>H0A->H 

1

 



7=/BC0C7?A>B?D480+:0=4CA48F<+

+A0=C7F?;:0F >;0C8=-,C0=0?.

A4F?A8=0?.C8F4:;>6+FC7F>-

C>HF?A@C>HF?>HC7;45@=7B0=BC>=

:CEA0F7CA.?>H;>F=00;;948C0?A6<0C0

>5>:;,8;18>680=0C>=BH6G0A>/=680C7=4

0I-<4:?>80G0<7;.10D<0BC4;+G7C>H:H

:;>6,C>H *?EF:08=0C>:=>H<4 >?A.43A>F

14A=@=C>F:.<<0C>F?A>B?D7B4=0?A48:

C7F$4-=08B7<0=C8:.?A.BE?>

?>84F=@B48F?>H?A.B:48=C08BC7+07<>

HB8:0?.C8F4:;>6+F34=D0<?>A>/B4 =0;4-248>!5A0-<" 4=,C0=1+1080?0

:A0C-0 0;;+:0=4<80CA/?0BC>=4A.

C4;4HC0-00?>CHG7<+=70?.?48A0C>H

A@=BC7=4:;>68:,38038:0B-0 0;;?0A0:>

!-C>"C>=0=6:0B4=0?0A034GD4-C7=

;>HD>/B4C0?=C00?.:>=C8=,0?.BC0B7+G>

,CC0C>H<46A0?C,3,;EB7BC7=>?>-0C0+10

=C0F!<C80":08!0HC8"<+B0BC7=275>5>A-0

;4<4.;>HF:08<4.;0 ;8BC0:0C05+AD7:40

&98F34HC+A05/B8F 08<4CC>?+A0FC7F380

?098EC8::0CC>H0B-;7:06:CB7 >>?>->F

38:0B-0FH?>3+GC7:4C>HF?8BC>/FC>HBH=CA.

0?48;4-<4<,=HB7 &G48<8003H=0<-0BC038:0

5>HFB4B>H-C094=>3>G4->H:08C>HF!4H;.67

BC,A80>!5A0-<"C>H?>3>B50-A>H<0F

B4"

A>9+=7B44=C/?EB7C>646>=.F.C8 4

/>4-=08C010B8:<4;,<0C0C>H>5>

=@>4?-B7<>F0=0D7=0J:.FBC,A894

:;,8;18>H 73808C7B-0:08>8BG+B48F

C>=>5>:;,8;18>BC8F4:;>6+F 7<>=038:,

<4C7=?>;8C4-0 080=680C>34/C4A>4-=08I,

457<4A-30?>H58;>9+=7B4BC>?AEC>B+;83.

C7<0:0;,FD4;,B4EF:0838?;E<0C-0F C>?A@

C7FC73,;EB7C>H ,C0=?AB8=7F0?.

C>D+;483>H;48?>;;, ?483,34=<?>A4-=06-

GAEB7F 8=0:=>H<4 BH<10-=>H=:08 ?4

=48C@A0C>BEBC. 7<4C10B737;03,C>H4

A-4A60?A6<0C0BC7IE,

;+6G>HCE=3808C7C@=BC7-6:0 D06-=480;;06,

>;/2/GA08<03+GC7:4C7=4:;>68:,

:450;,FBC7=:080?.C7=+0B4I.=D0?4 085HB8:+34894:08,D>F0?4HDH=.<4

=>FBC>=4:C4;>/=C0GA+7?A>+3A>H<4

C8F4:5AB48F ?>A4-37;03,=0038:>/B4:

08C4;8:+:0=4:843@94:0A3-I>=C08 0C

=4B4=+>HF3A.<>HF *B>C>H;G8BC>=05>A

CC7=6:06:CB48>?0A0-C7B70B-;7%0CI7

?>8>F3808C7C,FC7=D=8:,><30:08>-:CE

?>8E=34=384H:A-=8B4 )BEF:0CCE=?0;8.58

0?>BC.;>H !4=5C08F4B/ 0;;D06-=48C7F

A0F=0+?08A=4C7;+5E=>C>=;0C8=-:08=0C>H

;E=0?.C0<46;0GA.=80C7F;490=3A>/?>

?"4-?4>H?>2,58>F680C>=D@:>34-G=>=C0F

+;464!?4FC>HF=0?0-9>H=:0;680C-D06-=48

160;40=0:>-=EB7680C73808C7B-08.C8>E

;7F

.C8<0I-C>HC>4;;7=8:.?>3.B508A>D0+<?08

C7F?"

:AC7F9+A48?.C4?A+?48=0<8;,B48

C>H,CC0>7CA.?>H;>F 5>/<-;7B4

680=>D4-043@64;=4 0?4-;7B4<4<7=/B48F

   4 <+A4FH?AG48;;7<804:;>68:,0=0<+CA7B7BC>=G@A>C>H4;;7=8:>/0D;7C8B<>/HC,680C7=



0=34897C>H?A>+3A>HC7F;;7=8:,F;H<?80:,F?8CA>?,F 08 .?EF:08BC8F4:;>6+F C7FC>?0A0B:,=8>3A0:08B40HC,C738038:0B-0HBCHG@F

HC,C7BC86<,H?>2,58>84-=08>=H=?A.43A>FC7F-=EFHA80:>/:08>B/IH6>FC7FH?>HA6>/

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

AB>H=.;0BC7>/?4A-6:0

HG><=7F?A+?48=04-=08><>=038 :.F0AG83808C7C,F?>HC0+10;0=<0I-

C>H.;4F>8><34F :.<7:08>;H<?80:.F+

U


 



>N_bfZ DS`akSdPak



    &!#* ($% ) % )'$$#$ )#"! SfS]^ke_QiSba^ReWh`ekY]^a`PlW[ fZ`bSY]Qe_[Sa[]a`a_PS _WbWd[e eQfWdakiSbQ

WdYSlQ_W`aki eW_WYG^WiWb[jW[dOeW[ifh`C>@]S[ fZiBkdcbZi`SjG`ak`fZVak^W[Gfaki_NeS eW^[YQfWdaSbQ_[SZ_NdS SbaVW[]`Ra`fSiQf[ ZRXWeZTSgSP`W[SefS_GfZfS]S[gNfW[eW]P` Vk`afa_N^^a`a^Q]^Zdakfakb^S`OfZ C]dPeZWbW]fWP`WfS[eSXci][W]fQifak jdZ_Sfaa[]a`a_[]aRfa_NS_WSbafN^We_Sa Sd[g_Qifh`gNeWh`WdYSePSibakNjW[_Njd[ ef[Y_OiS`S]a[`hgWPQf[gSjSgaR`]SfGfa

`S\WbWd`GV[S]^SV[]Gf[i

BfS[dWPWibakgWhdaR`fS`S]^Q`Zfa[Wb[jW[ dZ_Sf[]aP]a^aeeaP_Njd[]S[bd[`SbQ_Wd[ ]aRi_O`WiS`S]a[`c`ak`Z_PS_WfGfZ`G^^Z ]kd[a^W]f[]GWbP]SgZ_Wd[`OiTGeWhiVW]G VWij[^[GVWibWd[]abNigNeWh` Wb[TWTS[c`a `fSifakiS`S^kfNibak efSfN^Zfak

 N ^WYS`bhifajW[dQfWdaefZV[Wg`Oa[]a`a_PS VW`NjW[NdgW[S]Q_Z ?WSbQ^keZ  

WdYSla_N`h`bdajhdWP Z%6)43-//%4 Z_WYS^RfWdZT[a_ZjS`PS]S fSe]WkOiTSdNh`_ZjS`Z_Gfh`efa`]Qe_a W]e]SXWPi _bak^`fQlWi] ^b  bdaT^Nba `fSiQf[fa

gSWP`S[ZjW[dQfWdZjda`[GY[S fZ`Wb[jW[dZ_Sf[]OfZiVdSefZd[QfZfSSbQfa fN^aifakA>SY]ae_Pak>a^N_ak >dQ]W[fS[Y[Sfa_WYS^RfWda]R_SSba^ReW h`efZ`%6)43-//%4SbQf[iSdjNifZiVW]SWfPSi fak  QfS`ZWfS[dWPSNjS`W

Va^G d[SfZ`Z_NdS ?f[iC>@ZXSd_S]aT[a_ZjS`PS*-<)4 S `S]a[`c`a`fSifZekYjc`WkeOfZi_WfZ` #;)6, S`NXWdWbhiZWb[jW[dZ_Sf[]OSkfO]P `ZeZgSNjW[SbafN^We_SfZ`bWd[]abO  

gNeWh`WdYSePSi VZ^SVOfak fakek`Q ^akfh`

WdYSla_N`h`a[abaPa[SbS eja^aR`fS[ek`a^[]Gef[iVRaWb[jW[dOeW[i I[



1

2

! $& $ # % $ bWd[]abNigSSdjPeak`fabdcfafdP_Z`a]S[ gSNjak`a^a]^ZdhgWPNhifa

CfdPfZ_WYS^RfWdZS_Wd[]S`[]OWfS[dWPS bSdajOiSeRd_Sfh`V[]fRh` 34-16):6)/ S`S]aP`heWfZ`bWd[]abO

gNeWh`fa bdcfafdP_Z`a_WefQja`S_W[ceW[faWfOe[a ]QefaifZi I[Sba^ReW[igS_W[ceak`]SfG faWdYSf[]QVk`S_[]QfZi bakSd[g_WPek `a^[]G

WdYSla_N`aki _WefQjafZ`W \a[]a`Q_ZeZ  V[e Va^SdPh`fa`jdQ`a ?faS_Wd[]S`[]Q_bSdGlSba^ReWh`bOdW _Ndai]S[Z20))326 Z_WYS^RfWdZW fS[dWPSbc^ZeZia[][S]aRW\ab^[e_aRefa` ]Qe_a ZabaPSS`S]aP`heWbhigS]^WPeW[fNe eWd[i_[]dNigkYSfd[]NifZi f[i:32)5-+1 )16)45$%4(  )5-+1)16)45]S[ %6, ]Gf[bakeZ_SP`W[

Sba^ReW[i VZ ^SVOfa fakWdYSf[]aRVk`S_[]aRfZi ES[ZY`hefOS^kePVS]SXN 6%4&7'.5Q _hiXSP`WfS[`SbSPd`W[eW[dG ]SgciejW V[GlW[`SSba^ReW[

kbS^^O^aki VZ^SVO faN`SfdPfafh`WdYSla_N`h`bakSbSeja^WP efZ`NVdSfZiefa?[Gf^ MVZSbQbNdke[G^ ^hefWNjW[bWd[]QUW[bWd[eeQfWdWiSbQ

gNeW[iWdYSePSi

3

4

5

U ?fZAdWfS`PS b j  ZVWRfWdZ_WYS^RfWdZ

WkdceWWfOe[STGeZ C_WPheZSXadGfa

WkdhbSm]OjS^kTakdYPS Z2475 S`S]aP`heW

fakek`a^[]aRWdYSf[]aRVk`S_[]aRfZiWfS[

Qf[bWd[]QbfW[ 

gNeW[iWdYSePSieWa^Q

dWPSi

]^Zdafa`]Qe_abda]W[_N`ak`SS`f[_WfhbPeW[

U JZ`PV[Sef[Y_OefZ`Dd^S`VPSfZekYjc

fZ`]GgWfZbfceZfZilOfZeZi I[ 

gNeW[i

`WkeOfZi_WfZ-456'6-8)S`S]aP`heWZ[d

SXadaR`f[i_a`GVWifaka_P^akefZ

^S`V[]OfdGbWlS"/56)4%1. gkYSfd[]OfZi

AdWfS`PS W`ca[G^^Wi

gNeW[ieWG^^WijcdWifZi BkdcbZi I[bWd[]abNi SkfNiS`f[efa[jaR`efa  fakWdYSf[]aRVk`S _[]aRfZi

2;%/%1.2* '26/%1( _WSbafN^We_S

*& '!  ) % "

U ?fZ`I^^S`VPSZY`hefO T[a_ZjS`PSZ^W]fda`[]c`,-/-35 /)'6421-'5S`S]aP`heWfZ`SbQ^keZ 

WdYSla_N`h`W`fQifakNfakiSba e]abc`fSieWW\a[]a`Q_ZeZ 

W]Sf WkdcWfZePhi W `cbdajcdZeWbSdG^^Z^S efZ`bSdSYdSXOjdWc`G`h fak V[e Wkdc U BbPeZiaa^^S`V[]QifdS bWl[]QiQ_[^aiS`S]aP`heW Qf[Sba^RW[

WdYSlQ_W

 

   

`aki eWeR`a^a

eW

>SdQ_a[a]^P_S hefQea Wb[]dSfWP]S[efZ` BkdcbZ

a^Q]^Zdafa`]Qe_a _WefQ jafZ`W\a[]a`Q_ZeZ V[e

fZ`Sbc^W[SG^^h` gNeWh`WdYS

ePSi FQ`aSkfOfZ`WTVa_GVSefZ` BkdcbZS`S]a[`cgZ]S`ek`a^[]G bWd[eeQfWdWiSbQ 

Sba^ReW[i S`WTGla`fSifa`Sd[g_Qfh`Kgk_Gfh`L eWa^Q]^Zdafa`]Qe_aeWbG`hSbQ 

 ?fa`]SfG^aYafh`kbaUOX[h`KVZ_Ph`L ekY]SfS^NYWfS[]S[Z[ebS`[]OjS^kTakd YPS')4-12: ZabaPSe]abWRW[`SSba^ReW[ bdaehd[`Gfaki 

WdYSlQ_W`akibak SbSeja^WPefaWdYaefGe[QfZi =W`SbafW^WPN]b^Z\Z^a[bQ`faQf[aTdS TWk_N`ai_WHQ_bW^I[]a`a_PSi>a^EdaR Y]_S`VO^heWefaki)9$24.!-0)5Qf[KZa[ ]a`a_[]O]dPeZTSgSP`W[Q^a]S[bWd[eeQfW da YP`WfS[Q^a]S[b[aVRe]a^a`SWb[ ^kgWPL]S[KS`VW`bdajhdOeak _WeWVdSef[]G_NfdSeR`fa_S _badWP`S]a^^Oeak_WefZ^GebZ Y[Sba^R]S[dQL

U


$ 

;Tehl`BYfgqYjVgq



1



'-$#)"',"',

"$ ""  



gacgfgeacUcjVk`\]Vpf]alY\WflaYl`oWenocYak]TfYfGddg]bYa

-/# (1/-$, $,$/ *D-1-/0  -*3-J$2&$-1

j]lacGk`eYflacWcdG\gl`o]mfacUogacgfgeVYo YhWlgfghgVg]

 

lgcafUlnf

`?DcYlT_jY[]eacjUhlik` ]figahndUk]aol`o$520]cla

bYjliflYahgddTopadaG\]omTk]ao]j_YkVYoYqlWflnfhndUk]nfB N Yq Kgf8]cTeZjag`ZgqlaGklaohndUk]aoUlYfl`olGb]nolgqk]kpTk` e]l`fYflVklgap`h]jVg\glgq

]filgfHgTeZjaggahndUk]aok`e]VnkYf

>flamTlno`D$/"$#$0cafUm`c]klYm]jghga`lacGe]YXb`k`hndUk]nf fGpm`cYfklgdW_nlnfqZja\acifl`oegflTdnfhgq^YVf]lYafYTpgqf hTjYk`kl`fY_gjG

cGe[`TfYflalgqHg]eZjVgq

 FklWkg`cjVk`^YVf]lYaWla\]fY

A>2#(e]hndUk]ao gp`eGlnfZjTm`c]kl` `mTk`e]Gfg\g ]

cgqehGlYq[`dG]akg\UeYlY cYmioYhWlaoYcjaZToeGjc]oGdd]ocYlT

fikl`fcYl`_gjVYlnfhgdXYcjaZifYqlgcafUlnflg

Y_gjGkl`cYf 

_jY[YfeacjToe]aik]aok]kpTk`e]lgfeTkgWjg]fiGdd]ohYjgqkVYkYfG

?$,1*$6e]Vnk`  $// /(hlik`]hVk`o  +!-/&'(,(Gfg\goh]

fg\g

jVhgq klaohndUk]aoYddGcYa>01-,D /1(,klg  gahndUk]ao

AK-6-1 e]]lUka]olYbafgeUk]ao gp`eGlnfe]aneTf]ocYlG

AJ-/0"'$lg^m`fWl]jgegflTdgl`ocgklVr]ah]jVhgq

]qjicY

TfYflalgq

 cYlTdYZ]l`fhjil`mTk`klaohndUk]aokl`f]_pijaYY

lT_jY[]e]fhlik`hndUk]nf WenocYlG^]j]fYZ_Gd]afTYgpUeYlY

_gjG_aYlg

]fi\]Xl]j`kl`fcYlGlYb`Udm]`I.$*gahndUk]aol`og

kl`f]dd`facUGk^Ydlg`D 0$/ 1(hgXd`k]cYafgXj_aYYqlgcVf`lYcYalT

hgVYoqhgpij`kYfcYlG  A-*)04 &$,e]lYbafgeUk]ao

gp`

dgo` &2 /k`e]Vnk]Gfg\g

eGlnfZjTm`c]kl`fljVl`mTk`ZdThgflYolaohndUk]aol`ofYk`e]aifgqf

OjY_aYGdd`eaY^gjGYhg\]acfX]lYaWla`cjVk`hdUll]acqjVnolYe]kYVY cYapYe`dG]akg\UeYlYcYaY^Uf]aklgYhqjWZd`lglY&-*#$,!-60lYghgVY

cGe[`h]jVhgq

Ia\aY^gjghgaUk]aoklaoGdd]o]lYaj]V]oUlYf>*% -+$- $, 2*1

k]l]dacUYfGdqk`l`fhjgcGd]kYfcaWdYo

U

      

 glTjYol`oYf]j_VYocYlY^mGf]ae]_gj

l`fcqZTjf`k`fYhGj]ahVknlgeTljg_aYl`f

_gXojqmegXocYakl`pijYeYo Whgqea

cYlGj_`k`lgqY^gjgdW_`lgqgjVgqlnf

cjge]kYVgacYa]j_YrWe]fgahjgZdThgqf



]qji_aYlgqo]d]Xm]jgqo]hY__]deY



Tcj`b`YhgdXk]nflg

r`liflYoYhWl`f

lV]o ]fikUeYcaf\Xfgq_aYlgcXeYYhgdXk]nf

cqZTjf`k`l`dU[`eTljnfcYahjg]a\ghgai

hgqTjp]lYa]chTeh]acYa`7<@@r`liflYoYhW

flYoe]Yh]j_V]o

<Xe^nfYe]]claeUk]aol`o]lUkaYoPcm]k`o

l`fcqZTjf`k`l`fV\jqk`]fWo]a\acgXlYe]Vgq YfYpj`eYlg\Wl`k`ocYa\aGknk`ocdG\nfU]

@dd`facgX@ehgjVgq

 eVYklao\Xg]hap]a

hap]ajUk]nfgaghgVgacaf\qf]Xgqf]bYalVYol`o

jUk]aohjg_jYeeYlVr]aYhgdXk]aolgqo]hWe]

haklnlacUoYk^qbVYo

fgqoeUf]odW_ne]_Gd`ohlik`olrVjgqcYac]j \g^gjVYo 7aYlgqdW_gqlgYd`mTo

1

@hVm]k`cYlGl`oYcgdgqmgXe]f`ogacgfgea cUohgdalacUo]bYhTdqk]cYaghjW]\jgolgq<@?

AKl@nklWkg\]fTp]aYcWe`kq_c]fljik]alY

h]j_VYlgfE]ZjgqGjagYf\]fd`^mgXfeTljY hjgklYkVYolnf]j_YrgeTfnfcYa ]hahdTgf Yj

l`oe]lYddgqj_VYoegdXZ\gq []q\Yj_X

pVr]al`d]algqj_VYl`d]^nfacUo_jYeeUoklgf

jgq-+$1/ l`oJgqeYfVYohjgpnj]VgWeadgo

YjameW _aYl`fcYlY__]dVYhYjYZGk]nf]ao

Dqlad`fYVgq hgq]dT_p]al`f]lYaj]VY

ZGjgolnf]j_YrgeTfnf

AYhW^Yk`]dU^m`dW_nl`o\aYcghUod]a hjil`Xd`l`e]lYddgqj_VY k]kqf\qYkeWe]

#!  A7<@@r`lGfYd]algqj_Uk]alglYe]Vge]c]

l`\jYeYlacUhlik`lnf\a]mfiflaeifklYkq

^GdYaYYhWlghYcTlg]fVkpqk`olnfljYh]rif

_c]cjaeTfYeTlYddY hgq\aYegj^ifgflYaklg

cYacYd]Vl`fcqZTjf`k`fYhjgpnjUk]ak]eTljY

YqlifhgqVkpqYfklaoYjpTolgq

 AYfY

]fVkpqk`olnf]j_YrgeTfnf lnfYfTj_nfcYa

klgdU\jYkl`jaWl`lYomY_Vf]ae]ljWhgikl]fY

lnfkqflYbagXpnf YXb`k`lnf\`egkVnf]h]f

]VfYa\qfYlU`]hYf]ccVf`k`l`oegfG\YopnjVo

\Xk]nfcYa]fVkpqk`lnf]d]_clacife`pYfa

l`fXhYjb`l]pfacifhjgZd`eGlnf A]lYaj]VYY

keifhjgc]aeTfgqfYhYlYpm]V`YqbYfWe]f`

hYkpgd]Vh]jVhgq

]j_YrgeTfgqo

eYXj`cYaYfYk^Gdakl`]j_YkVY

2

@hVk`oqhGjp]acVf\qfgolg]hap]aj`kaYcW kpT\agYfY\aGjmjnk`ol`o@fneTf`oCdn

KYYalUeYlYYqlGqhTZYd]lghjg]\j]Vgl`o kl`fhjil`kqfGfl`k`hgq]Vp]e]lgffTgq

klgt^Yflgqj_VYohji`fWeadgo:YfYjGfYg

hgqj_WIacgfgeVYocYaIacgfgeacifB ;YhYmY

\`_`m]Vk]fYqG_ag A]lYaj]VYcYjcafgZYl]VcY

fYkVgq ]fir`lUm`c]cYakqfGfl`k`e]lgf

mioe]jacGYhWlY]j_gklGkaGl`o]VfYacd]aklG

hjnmqhgqj_W

YhWlgfBgXfagcYaga 

]j_YrWe]fgaZqmVrg flYahdTgfk]YhW_fnk`

3

 RhnohYjY\Tp]lYa]hakUeno`KjGh]rYl`o @ddG\go lgqol]d]qlYVgqoeUf]oYqbGfgflYae] YdeYli\]aojqmegXolYLcWccafYM\Gf]aY \Vfg flYodYZU_aY]chWf`k`]^aYdlacifk]fYjVnf_aY lg

 <lgfZYmeWcYlGlgfghgVgfmY]haZ] ZYanmgXfgahjgZdT[]aocYmVr`k`olgqjqmegX YfGhlqb`ol`o]dd`facUogacgfgeVYo eGdaklY ` Kl@\]fehgj]VfYYhgcd]Vk]aYcWe`cYalgf\a hdYkaYkeWlnf\Yf]Vnfk]cYmqklTj`k`

Iqhg\agac`lUol`oc]fljacUoljGh]rYo;

9neWhgqdgo eadiflYok]kqfT\jaglgq L@"-,-+(01M ]haZ]ZYVnk]Wla`hlnlacUlGk` lnf\Yf]Vnfk]cYmqklTj`k` hgqk`e]aim`c] lg

 YfYcWh`c]lg

cYagklWpgohgq]V p]mTk]a`KjGh]rYl`o@ddG\go_aYkqjjVcfnk` lnfLcWccafnfM\Yf]VnfklglgqkqfWdgq \]f]h]l]Xpm`

<Xe^nfYhGflYe]]claeUk]aoljYh]racifkl] d]pif lYLcWccafYM\Gf]aYklglTdgolgq

 G__abYflglgqkqfWdgq YhWTfYfpjWfg fnjVl]jY _]_gfWohgqk`eYVf]ahnofgacgcqjaG cYa]hap]ajUk]aoklYeGl`kYffY]bqh`j]lgXf \Gf]aY

A<qfgegkhgf\VYhjg]a\ghga]V_aY_]facUY

Q\`k]hjgknjafUYfYklgdUl`od]algqj_VYo

lgqj_VYo]fWoe]lYdd]Vgqhgqljg^g\glgXk]e]

j]Xk]aYcWe`h]jakkWl]jg Y^gX

fga cgcqjaGcYa]hap]ajUk]aoY\qfYlgXfU\`fYhd` jikgqflaoe`faYV]o\Wk]aolnf\Yf]Vnflgqo hjgolaoljGh]r]o hgqYfTjpgflYak] \ak ]q ji \`eagqj_iflYogqkaYklacGfTg^YXdgcXcdg YhgdXk]nfcYakqf]hYcWdgqmnfhjgZd`eGlnf klaoljGh]r]o

   #(&# ]h]jfiflYocGm]hjgk\gcVY h]jak kWl]jgaYhW

]m]dgflToYflY hgcjVm`cYfklgcGd]keYlgq<qf\T kegq8UenfCgafglUlnf_aYl`f;jg klYkVYcYa>fGhdYk`lgq;]fl]dacgX<;>; cYalgq<C>=_aYl`e]_YdXl]j`]m]dgflacU ]ckljYl]VYYfY\Gknk`o hgqhjY_eYlghga Um`c]l`fCqjaYcUkl`f;]flTd`e]l`fqhg klUjab`l`o-0+-1$

<lghdYVkagl`opgj`_VYo`-0+-1$qhg klUjab]gacgfgeacGlWkgl`f]fdW_n]fTj _]aYWkgcYal`e]ddgflacUkqflUj`k` l`dV hYfk`cYalghWlakeYlnf\]f\jqddVnf ;Y jGdd`dYk`eYflacUUlYfcYa`kqee]lgpU lnf]m]dgflif ]j_YrgeTfnfl`o-0+-1$ hgqeYrVe]kq__]f]VocYa^VdgqoYfTZ`cYf kl`f;]flTd`klTdfgflYolg\acWlgqoeUfq eY_aYl`fhjgklYkVYlgqh]jaZGddgflgo

K`fhjnlgZgqdVYpYajTlakYfgqhgqj_Wo @knl]jacif 8`eWkaYo8agVc`k`o>hgcT fljnk`o;j ;YqdWhgqdgocYagq^qhgqj _Wo>_jglacUo>fGhlqb`ocYaKjg^VenfC

CadlV\`o ]fihYjW

'(()'$ fl]oUlYfcYa]chjW knhgaKghacUo>qlg % \agVc`k`ocYmiocYa *!$#), GddYkl]dTp`lgqhg ()# dalacgXcWkegq

#(+( IhjW]\jgolgq ), #)!, <;>;cYa\UeYjpgo ")# ;]flTd`o8`eUlj`o <l]j_Vgq CY[Gd`o .%$()'  \Udnk]LPh]k]`Yq ),   dYVYl`oYfY\Gkn k`ocYa]VeYkl]h]jU^Yfga_aYYqlUl`eYra cUkq_cTfljnk`lgqcWkegq @qpYjaklilW kgl`fKghacU>qlg\agVc`k` lgf<C>=cYa l`f-0+-1$hgqkqfTZYdYflYeT_aklY kl`f]halqpVYl`o\jGk`o WkgcYalgqoY hdgXocYm`e]jafgXohgdVl]ohgqUlYfWdga ]\i]m]dgflacGcYaT\nkYfYfGkYbYfGklg ;]fl]dacWM



>hWl`fhd]qjGl`o `\a]qmXfljaY@lYaja cif<pTk]nfl`o-0+-1$DYjadTfYEYlkTY lWfak]LAYmjWYhjgkTd]qk`lnfkqehgda lifeYoYhgcYdXhl]aWlagcWkego\a[G]a _aYl`fhjgklYkVYlgqh]jaZGddgflgo CYalg ]_p]Vj`eYYqlW]VfYaYhW\]ab`lgqlaehg jgXe]fYh]lXpgqe]eTkYYhWl`kqf]j_Y kVYhgdal]VYo ^gjTnf ]lYaj]aifcYahgda lif Agacg_Tf]aYl`o-0+-1$mY]VfYaeYrV kYoYfYdYeZGfgflYo]f]j_WjWdgkl`f]qYa km`lghgV`k`lgqcgafgXk]mTeYlYh]jaZGd dgflgoM

;YjGdd`dYhgj]VYkl`f>mUfYhjY_eYlg

8 8YkcYdWhgqdgo gghgVgolWfak]hnoL`pijY

gjaklacG]lUkaYklgap]VY cYmiohgddGmYcja

hgV`kYfgah]jVhgq 

]j_YrWe]fgal`o

eYoZG\ar]klgf\jWegl`ogacgfgeacUoqhgZGm

mgXfYhWlao\aY_jY^To\Yf]VnfhgqmYYfY_cY

:>JCIYhWTbafgegXoWhgq\jYkl`jaghga]VlYa`

eak`ocYal`ocgafnfacUoYfYlYjYpUohgdXhjaf

klgXffYcGfgqfgaljGh]r]ohjgc]aeTfgqfY

_jGeeYlgoCgafnfacUo@qmXf`ol`o-0+-1$

]hap]Vj`k` KgkneYl]Vgr`l]VYfGcd`k`lnfY

]hTdm]a`hY_cWkeaYpj`eYlghaklnlacUcYlGj

Z]dlaikgqfl`f]acWfYlnfakgdg_akeiflgqo

cYal`okqf]pgXohjgkhGm]aGol`o_aYl`fY

hgdXk]nfklgfWeadgcYacYlY__Tdd]aWla_aYl`f

j]qk`M \Udnk``ghgVYYhgl]d]V]qm]VYZgdU

Q\`hGflnoTnolglTdgo<]hl]eZjVgq]VpYf\aY

fYcgX^ak`l`ocgafnfVYocYalgqh]jaZGddg

gacgfgeacUr`eVYlnf ]cYl l`f]qmXf`^Tj]a

hjgol`fcqZTjf`k` hgq]bYcgdgqm]VfYYhg\V

_jY^]V\Gf]aYX[gqo \ak ]qji Y^gXm]njU

flgoYhWlaokqfTh]a]olnf^qkacifcYlY

`\agVc`k` hgqhjghid`k]lgfacTdagl`kla_eU

\]alYYVlaYlgqcYlU^gjgql`ogacgfgeVYoeWfg

m`c]Y\XfYl``]VkhjYbUlgqo e]Te^Yk`klY

kljg^if hgqb]cVf`k]lgcYdgcYVjalgq



hgq`laeUlgqhjgsWflgoYfTZYaf]

kl`fcjVk`

KgcdVeYkl`fY_gjGYfYeTf]lYafYp]ajgl]

cYlYfYdnlacG\Gf]aY hgq\]fkqfg\]XgflYaYhW

cYakqf]pVr]lYae]klWpgl`fgacgfgeacU cga

Skl]jYYhWWdYYqlGgaTehgjgar`lgXfYhW

laoYfGdg_]o]bYk^YdVk]ao

U

A]fTj_]aY]flGkk]lYaklghdYVkaglgqhjg

fnfacU h]jaZYddgflacUcYahgdalaklacUYfG cYe[`lnfhd`_]akifh]jagpif

U


UUU 2&+!%$3(69-(6

.



?JL;AG;NCE+G6NL;AC;NBH?H8MRSMBNBQ ;ALINCE7QJ;L;APA7QE;CNBHN9HPMBNIS ;ALINCEI:?CMI>7G;NIQ;H;AE+MNBE;H H;E;N;@:AISHIC?JCN?F?8QNIS;LG9>C ISSJISLA?8ISG?N+NIH;S+ACI9FPHNPH ?JCR?CL7M?PHJIS;J6<F?J;HMNB>C+LLBDBNIS G?NKJISNPH;ALINKH $SAE?ELCG6H; M:G@PH;G?JFBLI@IL8?QNIS /#0 ;G6MPQG9FCQ?J6MNL?=?MNBH%O7H; @IL NPG6HBM?EFI:<;G?N;@IL+QTKHNPHTKPHE;C EL;NKHN;QMNBH;AE;FC+NBQN;H?IA6HHBN;N?NL+ >SG+NBQBN?F?SN;8;?AE+O?NB6AESIQE;GCE+TC JIS?8R?;JIMN;F?8M?GJF9EINBQ$N?L?+Q&FF+ >;QJLIE?CG6HISH;;HI8D?C>8I>I3N+R;GIS3 JLIQNIG;C?SN7LCI ISJISLA9Q1;NTBA+EBQ6 F;<?NBH;J9@;MBH;GB>C6FO?C+FFPHJF;A8PH G6MPH *8;;E9G;?JCMNL+N?SMBA;F+TC;QMSG<;MCI: RIS?JCN9EIS6J?M??HN?FKQMNIE?H9>?>IG6HIS 9NCICENBHINL9@ICJISJ;L?SL8MEIHN;HMNBHJ? LCIR7 G?NBHN?RHIAHPM8;E;CNBH?GJ?CL8;JIS; J6ENBM;HD?A?HHKHN;QNCQNPH GBLSE;MNCEKHNBQ?SO:HBQNISQ NBQJ;L?8R;H?: EIF;>PL?+HC;NLCE6QSJBL?M8?Q S=BFI:?JCJ6 >ISE;CG?A8MNBQ;M@+F?C;Q .;<L6@BN;IJI8;

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

2NMC M7G?L;NIJLP8 IEIQ1;NTBA+EBQ;H; AE+MNBE?H;>KM?CF?JNIG?LKQMNB>BGIMC9NBN; 9F;N;G6NL;JISO;F+<?CAC;NBHSJIMN7LCDBNIS ?CMI>7G;NIQNBQ;HSJIRKLBNBQEICHPHCE7QIG+ >;Q

     !;?JC>INBO?8N9MINI=CF9EIGG; 9 MIE;CNIMNL8=CGINPH@:FFPHNISE;JHI:MNI RPL+@C ?JCN9JIS ;J9NISQ8>CISQNISQE;JHI E;FFC?LABN6Q 2NMCNIJLIU9HO;J?LH+?CN;R:N; N; RPL8QG?M+TIHN?QE;CJ?LCNN+E;J6F; ;J9NBH J;L;APA7MNBHE;N;H+FPMB &JCJF6IH E;N4;SN9HNIHNL9 JIO;G?CPO?8MBG;HNCE+3F9 APNBQL;A>;8;Q?D+JFPMBQ NPHJ;O7M?PHNIS;H;JH?S MNCEI:MNIH;ALINCE9JFBOS MG93I;LCOG9QNPH;N9GPH JISO;;CNI:HN;C?JC>IN7M? PH $N;>C;E+ NIJL9<FBG;O; I>BABO?8MNBHILCMNCE7F:MB NIS -CJ;L;APAI8O;;SNIE; N;MNL;@I:H  -;LRCE9QMR?>C;MG9QJLI6<F?J? NBH?H8MRSMBNBQE;FFC6LA?C;QNISE;F;GJIECI: G?J;L+FFBFB?HO+LLSHMBNBQ?ENLI@7QE;NIC E8>C;Q;EL8>;Q 5N;H3G?NIE;F93BJ;L;APA7 NISJLIU9HNIQO;<LCME9N;HMNI@9LN?NBQ IC? HNIGINL9@ICO;E;FI:HN;HH;;GIF7MISHNBHIC

E9MCNB;EL8>;JLIE?CG6HISH;?D;F?C@OI:HICJI M9NBN?QE;CH;GBG?8H?CI:N?ECF9E;LJI:AC;>7 FPMBMNCQ;LG9>C?QSJBL?M8?Q &J?C>79GPQN;ES<?LHBNCE+MN?F6RBMSH?C>B NIJI8BM;H9NC6NMC?F;RCMNIJICI:M;HG?HN;JIM+ NPH?JC>IN7M?PH ;FF+?J6NL?J;HH;ACA;HNPO?8I E8H>SHIQNBQ;J;8NBMBQ;JITBGCKM?PH JLI6NL? =;HNISJISLA?8IH;?JC>IN7M?CN?FCE+G? F?JN+ NIF?CL8MSG<?<FBG6H?QE9N?Q ICIJI8?QO;NLKH? NIE;F;GJ9ECE;CMNBMSH6R?C;O;E;N;H;F8MEI HN;C?J8G;EL9H3HPJ6QE;CE;N?=SAG6H?Q3;J9 NISQ8>CISQNISQJ;L;APAI:Q -SJISLA9Q>? MG?:NBE?JLIMPJCE+H;; JIMN?8F?CMNISQE;FFC?LAB N6QMSHN;A6QG;A?CLCE7QG? <;MCE9MSMN;NCE9NIJLPN? UHI:RIEIN9JISFI      ES<6LHBMBJLIN8O?N;C H; JICHCEIJIC7M?C E;C NI MEFBL9E;CNIG;F;E9MCN+LC ?J?C>7 ;JI>?>?CAG6H; NI =PG83E;CA?HCEKQN;;LNI J;L;ME?S+MG;N;3JLIE; FI:H?OCMG9 %H>?HFB@O?8+G?M;;SN9NIG6NLI ;:LCIG?O;:LCI 9N;HBEL8MBO;G;QRNSJ7M?CE; HIHCE+E;CG?NIHH9GINBHJ9LN; O;A?G8MISG? NT+HECQ6NICG;H;;APHCMNI:HG?E+O?NL9JIAC;6 H;EIGG+NC=PG8 #L6J?CH;JLIF;<;8H?CE;H?8Q  .BHE;FFC6LA?C;?H9QH6ISS<LC>8IS

[[

838706/.88/17&) ')$ 3.86 $'1"3&6 ( 815/$:* -52(

\\

#6GJNB (;HIS;L8IS 

J;N+N;Q;H;G6H?N;CH;?JC>IN7M?CNISJISLA?8I NBF?A9G?HB/ELS@IJ;N+N;0 -E;LJ9QNISH6IS ;SNI:?8>ISQ6R?CNBHN+MBH;R+H?N;CJIF:<;OC+ MNI6>;@IQE;CH;E;OCMN+JL;ENCE+;>:H;NBNBH ;H?:L?M7NIS 2NMC ICJ;L;APAI8O;?EN8MISHNBH SJ9FICJB;ALINCE7NISQTP7J;CAHCP>KQ 5JPQ >7FPM;H?HOISMC;MG6HIC;J9NIH)ILS>;FF9IC ;@I8#;F;CIEKMN;/(>I:J?>8IHLC@C@8F;GJL9H0  F+>C F9APNBQS=BF7QNISOL?JNCE7Q ;D8;Q ;JIN?F?86H;JLIU9HJISM?;JITBGCKH?C; @?;SNI:NIS .ISJISLA?8IO;?HO;LL:H?CE+O? JIF8NBH;JLI<?8M?@:N?SMB?F;CI>6HNLPHE;CH; <A+F?CG9HIQNISNIF+>CNIS C;NBMSG@CF8PMB G+FCMN;NBQ;MNSHIG8;QG?NISQJIF8N?QISJ?: OSHIQAC;NB BG9MC;.+DB1L7MNIQ*;LEIAC;H H+EBQ>?MG?:NBE?H;?JC>IN7M?C?GG6MPQNISQ E;FFC?LABN6Q>C;O6NIHN+QNISQNSR9HFSMM;MG6 H;AC;D:FI9LA;H; N;IJI8;O;JLIM@6LISH>P L?+HNCQSJBL?M8?QNISQMNBH?J8JIHB?LA;M8;NIS L;<>8MG;NIQNBQ?F;8;Q  &J?C>7N;<;G<+EC;?8H;C;M:G@IL; E;CIC<;G<;EIJ;L;APAI8NM;GJISE;F7>?Q O;? JC>INBO?8NI/E6HNLPG;09FPHNPH<;G<;ECKHE;C BG?N;NLIJ7NISQM?G;FF8NBQALC+Q

 .IM:HOBG;NISSJISLAI:O;?8H;C 6H;/"?@N?LC+MN;@SF;ECMG6H;G?F8MMC;0 !; JLCGI>INBO?8?@+J;DG?6H;?J8>IG;;H?LA8;QMNI R6LCEC+FF;>6E;E;CE;LN6L?C I;J?AEFP<CMG9Q NPH;J;HN;RI:JFBOSMGKHG6FCMM;Q %HG+FCMN; A8H?C3E;N9JCHMSG@PH8;Q3E;CE;N?SOSH9G?H; 6DP;J9NB1;LCF+IS.LCEI:JB M?>C;>BFKM?CQ EFJ IC;JITBGCKM?CQO;?8H;C;E9G;JCIJ;RS F6Q  5F;N;?FFBHCE+;GHI?L8@C;O; <ISFA;LIJICBOI:HJLIQ;J9>IMB>CE;CIM:HBQ E;C9=CGB;J9NCMB@9LISNCG7QMN;<ISFA+LCE; ;GHI?L8@C;JIS?>KE;CRL9HC;?FFBHIJICI:HN;C ;@?C>KQ 2NMC NCQ?JC>IN7M?CQMNISQENBHINL9 @ISQG;QO;SJIRL?PO?8?ENPH>?>IG6HPHH;NCQ E;N;<+F?CB<ISFA+LCEBES<6LHBMB -C?H>C;@? L9G?HICH;;J?SOSHOI:H?E?8

        $R?NCE+G?NIJ;L;J+HP BES<6LHBMB>?MG?: NBE? U ;ILA;HKH?CMSMNBG;NCE+?E>LIG6QEICHP HCEI:NISLCMGI:MNIHO?MM;FCE9E+GJIE;CM?+F F?Q;ALINCE6QJ?LCIR6Q U ;G?N;@SN?:?CMNBH:J;COLIN;>6HNL;JIS ?ELCTKHIHN;C;J9NBH%O7H; U ;G?N;@6L?CO+F;MM;MN;G?M9A?C; U ;NIJIO?N7M?CG8;JLIE+N9;MBG?MSHNLC <+HC@?HAEMI:C;H+ RFG MN6J;Q U ;TBN7M?CE;FI:E;EI:;J9NISQ?J8GIHISQ ;AL9N?QJISMSAE?HNLKHIHN;CM?>C+@IL;A?P AL;@CE+G7EBE;CJF+NBH;@N:HISHR+GP U ;?HO;LL:H?CNCQ?H;FF;ENCE6Q;SNIE;F FC6LA?C?QE+ENIS A;U>ISL+AE;OIS E;NMIJLS HC+Q @F?A9G?HPH<+NPHEFJ U ;JLIMN;N?:M?CNBHJ;H8>;NBQSJ;8OLIS EIL+EC; A:J?Q HSRN?L8>?QEFJ %J9NBHJF?SL+G;Q ?SR9G;MN?E;F7?JCNSR8; *           

     


§ÏŠ¥¤§œœ

†ºÌÏÓǘÀÍÎØÀѼÎØ

†ÎËÈÓÈÊ»ŠÀÓÈÑÈÊ»ÊÀȏÏÎÊÀËØÏÓÈÊ»ÄÅÇÌÄѼÃÀ

†ŸÍÄÆÈÀÀÆÑÀ͟ÏÀØÒÇ

29.01.2009  

topontiki,arxeio