Para que cocinar sea tan divertido comocomer, lea este manual de

Transcrição

$4$ 37( &1&,0$4 5($ 6$0 ',8(46,'1 &1/1&1/(4
71- 1>?1 8-9@-7 01 59>?=@//5:91> >Q ;:0=K -;=:A1/4-= ?:0->
7-> A19?-6-> ?O/95/-> 01 >@ 4:=9: 85/=::90->
9 1>?1 8-9@-7 >1 71 ;=:;:=/5:9- 592:=8-/5S9 58;:=?-9?1
;-=- >@ >13@=50-0 :9:/1=K 7-> 05>?59?-> ;51E-> 01 >@
9@1A: -;-=-?: '1 71 5905/- ;->: - ;->: /:8: 01.1 =1-75E-=
7:> -6@>?1> > 8@D 2K/57
9 7-> ?-.7-> ;:0=K /:9>@7?-= 7:> A-7:=1> 01 -6@>?1 D -7?@=->
91/1>-=5-> ;-=- ;=1;-=-= 7:> ;7-?:> 8K> 4-.5?@-71> (:0:>
177:> 4-9 >50: ;=:.-0:> 19 9@1>?=: 1>?@05: 01 /:/59-
'5 -73@9- A1E >@=31 -73U9 ;=:.718- 17 8-9@-7 /:9?5191
592:=8-/5S9 -/1=/- 01 /S8: >:7@/5:9-= 7-> ;1<@1R->
-9:8-7Q->
>585>8: /@19?- /:9 @9 Q905/1 01?-77-0: <@1 71 -D@0-=K 19/:9?=-= =K;50-819?1 7: <@1 .@>/-
F@19 ;=:A1/4:
05647&&,10(5 2$4$ (. 751 L
05647CI(5 '( 5(48,C1 L
)8;749F KE3G;F L
-!2@A J A=6 27@H L
:22'43' 1@2';:=: L
106(0,'1
06(5 '( &10(&6$4 (. 07(81 $2$4$61
$ .$ 4(' (.D&64,&$ 9?1> 017 8:9?-61 056$.$&,H0 : &10(9,H0 1 37( '(%( 6(0(4 (0 &7(06$ 905/-/5:91> 01 >13@=50-0 0A1=?19/5-> 01 >13@=50-0 ;-=- 17 @>:
017 85/=::90-> $0(. '( /$0'1 :> -//1>:=5:> 06(5 '(. 24,/(4 751 $=:3=-8-= 7- 4:=- . /,&4110'$5 &1/5;519?1> -> ;:?19/5-> 017 85/=::90-> >Q >1 ;=:3=-8- 7$'415 '( &1&&,H0 105(-15 : 57*(4(0&,$5 24A&6,&$5 :9>16:> D -0A1=?19/5-> -/1=/- 01 7-> ?-.7-> 1>/:9317-= 1>/:9317-= /-719?-= : /:/59-=
-75819?:> /:9317-0:> -719?-= -75819?:> -719?-= -75819?:> :9>16:> ;=K/?5/:> ;-=- @>-= 17 85/=::90-> 106(0,'1
,56(/$ $761/A6,&1 '( 241*4$/$&,H0 >Q >1 ;=:3=-8- $=:3=-8-> 01 01>/:9317-/5S9 $=:3=-8-> 01 /://5S9 (/14,$ 78-/19-= 818:=5- /?5A-= 7- 818:=5- 1',),&$4 .$ '74$&,H0 '( .$ 5(G$. 7,'$'15 : .,/2,(;$ $=:0@/?:> 01 758;51E- =7D +$&(4 (0 &$51 '( $8(4F$ (48,&,1 '( 5,56(0&,$ !D&0,&$ -?:> ?O/95/:> 06(5 '( &10(&6$4 (. 07(81 $2$4$61 $ .$
4(' (.D&64,&$
/2146$06(5 ,0',&$&,10(5
'( 5(*74,'$'
11= 01?1950-819?1 7-> 59>?=@//5:91> 01 @>: ':7: ->Q
>1 ;@101 8-916-= 17 -;-=-?: 01 2:=8- /:==1/?- D
>13@=-
@-=01 7-> 59>?=@//5:91> 01 @>: D 01 8:9?-61 ;-=- @9
;:>5.71 ;=:;51?-=5: ;:>?1=5:=
06(5 '(. /106$-(
.,/,0$&,H0 '( 4(5,'715
4(52(6715$ &10 (. /(',1
$/%,(06(
1>18.-7-= 17 -;-=-?: D 175859-= 17 18.-7-61 01 2:=8=1>;1?@:>- /:9 17 8105: -8.519?1
>?1 -;-=-?: /@8;71 /:9 7- 5=1/?5A- 1@=:;1
>:.=1 -;-=-?:> 17O/?=5/:> D 171/?=S95/:>
5019?525/-0- /:8: &1>50@:> 01 -;-=-?:> 17O/?=5/:> D
171/?=S95/:>
- 05=1/?5A- ;=:;:=/5:9- 17 8-=/: 3191=-7 AK750: 19
?:0: 17 K8.5?: 01 7- )95S9 @=:;1- ;-=- 7- =1?5=-0- D
7- =1@?575E-/5S9 01 7:> =1>50@:> 01 7:> -;-=-?:>
17O/?=5/:> D 171/?=S95/:>
$G15 214 (. 64$052146(
:8;=:.-= 17 -;-=-?: ?=-> >-/-=7: 017 18.-7-61 9
/->: 01 0-R:> ;:= ?=-9>;:=?1 9: /:91/?-= 17 -;-=-?:
10(9,H0 (.D&64,&$
'5 7- 7Q91- 01 /:91C5S9 1>?K 0-R-0- 01.1=K /-8.5-=7@9 1>;1/5-75>?- 2:=8-0: ;:= 17 2-.=5/-9?1 ;-=- 1A5?-=
:9>@7?1 7-> 59>?=@//5:91> 1>;1/Q25/-> 01
8:9?-61;1753=:>
056$.$&,H0 : &10(9,H0
056$.$&,H0 : &10(9,H0
>?1 -;-=-?: 1> 01 @>: 1C/7@>5A-819?1 0:8O>?5/:
(191= 19 /@19?- 7-> 59>?=@//5:91> 1>;1/5-71> 01
8:9?-61
7 -;-=-?: ;@101 8:9?-=>1 19 @9 -=8-=5: 01 ;-=10
01 /8 01 -9/4: /8 01 ;=:2@9050-0 D - /8
017 >@17: /:8: 8Q958:
7 -;-=-?: >1 >@8595>?=- 75>?: ;-=- >1= /:91/?-0: D
>S7: ;:0=K /:91/?-=>1 - @9- ?:8- 01 /:==519?1 01
59>?-7-/5S9 =137-819?-=5- D ;=:A5>?- 01 ?:8- - ?51==-
7 2@>5.71 01.1 >1= 01 -8;1=5:> 2@>5.71>
-@?:8K?5/:> : - ?19>5S9 01 7- =10 01.1
/:59/505= /:9 17 A-7:= 01 ?19>5S9 <@1 >1 5905/- 19 7;7-/- 01 /-=-/?1=Q>?5/->
-8.5-= 01 >5?5: 7- /-6- 01 19/4@21 : /-8.5-= 7- 7Q9101 /:91C5S9 >:9 ?=-.-6:> <@1 01.1 =1-75E-=
U95/-819?1 @9 171/?=5/5>?- /@-7525/-0: '5 @9- A1E
/:7:/-0: 17 19/4@21 9: -7/-9E- 01.1 1C5>?5= 19 759>?-7-/5S9 @9 05>;:>5?5A: 01 >1;-=-/5S9 :895;:7-=
/:9 @9- 05>?-9/5- 01 /:9?-/?: 8Q958- 01 88
": >1 ;@1019 @?575E-= 19/4@21> 8U7?5;71> =1371?-> 01
19/4@21> : -7-=3-01=-> 9 /->: 01 >:.=1/-=31C5>?1 ;1753=: 01 59/1905:
1 37( '(%( 6(0(4 (0 &7(06$
0',&$&,10(5 '(
5(*74,'$'
7 -;-=-?: 1>?K ;=1A5>?: >S7: ;-=- 17 @>: 0:8O>?5/:
)?575E-= 1>?1 -;-=-?: 1C/7@>5A-819?1 ;-=- 7;=1;-=-/5S9 01 -75819?:>
"@9/- 01.19 @?575E-= 17 -;-=-?: >59 A5357-9/5- -<@177:>
-0@7?:> D 95R:>
59/-;-/5?-0:> 2Q>5/- >19>:=5-7 : 819?-7819?1 ;-=4-/1= @>: 01 O7
<@1 01>/:9:E/-9 >@ /:==1/?- @?575E-/5S9 D 1>?O9
01>592:=8-0:> >:.=1 7-> 59>?=@//5:91> 01
>13@=50-0
,G15 : /,&4110'$5
:> 95R:> >S7: 01.19 ;=1;-=-= ;:= >Q 85>8: -75819?:>
19 17 85/=::90-> >5 4-9 -;=19050: /S8: 4-/1=7:
1.19 ;:01= 8-916-= 17 -;-=-?: /:==1/?-819?1 '1
01.19 /:8;=1901= 7-> >5?@-/5:91> 01 ;1753=: 01 7->
<@1 >1 -0A51=?1 19 7-> 59>?=@//5:91> 01 @>:
259 01 <@1 9: 6@13@19 /:9 17 -;-=-?: 9: 01.1
016-=>1 - 7:> 95R:> 01>-?19050:> -7 @?575E-=7:
1/2$46,/(061 '(
&1&&,H0 &$.,(06(
.=5= 7- ;@1=?- 017 -;-=-?: /:9 ;=@019/5- $@101 >-75=
A-;:= /-7519?1 F$1753=: 01 <@18-0@=->
A5?-= <@1 7:> 95R:> 9: >1 -/1=<@19 -7 -;-=-?:
": 3@-=0-= 9@9/- :.61?:> 5927-8-.71> 19 17 -;-=-?:
F$1753=: 01 59/1905:
": -.=5= 9@9/- 7- ;@1=?- 017 -;-=-?: >5 >-71 4@8: 017
-;-=-?: F$1753=: 01 <@18-0@=-> ;-3-= 17 -;-=-?:
1>/:91/?-= 17 2@>5.71 017 -;-=-?: 19 7- /-6- 01
2@>5.71>
": 256-= 9@9/- /-.71> 01 /:91C5S9 01 -;-=-?:>
17O/?=5/:> - 7- ;@1=?- /-7519?1 017 -;-=-?: 7
-5>7-8519?: 017 /-.71 ;@101 01==1?5=>1 F$1753=: 01
/:=?:/5=/@5?:
7(46$ '(. $2$4$61 1
-706$'( .$ 27(46$
'(6(4,14$'$
": @?575E-= 9@9/- 17 85/=::90-> >5 7- ;@1=?- 017
-;-=-?: : 7- 6@9?- 01 7- ;@1=?- ;=1>19?-9
01>;1=21/?:> $:0=Q- ;=:0@/5=>1 @9 1>/-;1 01
191=3Q- 01 85/=::90-> ": A@17A- - @?575E-= 17
85/=::90-> 4->?- <@1 9: >1 4-D- =1;-=-0: 17
-;-=-?:
061401
": 1C;:91= 17 -;-=-?: - 171A-0- ?18;1=-?@=- :
4@810-0 F$1753=: 01 /:=?:/5=/@5?:
,/2,(;$ '(),&,(06(
58;5-= 17 -;-=-?: - 819@0: '5 7- 758;51E- 1>
0125/519?1 >1 ;@101 01?1=5:=-= 7- >@;1=25/51 017
-;-=-?: D O>?1 ;@101 -3@61=1-=>1 ;:= /:==:>5S9 /:9
17 ;->: 017 ?518;: F - 191=3Q- 017 85/=::90-> >1
1>/-;-
(2$4$&,10(5
-> =1;-=-/5:91> 59-01/@-0-> >:9 ;1753=:>->
F$1753=: 01 01>/-=3- 17O/?=5/-
-> =1;-=-/5:91> >S7: ;@1019 >1= 121/?@-0-> ;:=
;1=>:9-7 017 '1=A5/5: 01 >5>?19/5- (O/95/01.50-819?1 59>?=@50:
'5 17 -;-=-?: 1>?K 0121/?@:>: 01>/:91/?1 17 2@>5.71
19 7- /-6- 01 2@>5.71> : 1C?=-53- 17 19/4@21
A5>-= -7 '1=A5/5: 01 >5>?19/5- (O/95/-
": -.=5= 9@9/- 7- /-=/->- 017 -;-=-?: 7 -;-=-?:
2@9/5:9- /:9 -7?- ?19>5S9 F1>/-=3- 17O/?=5/-
'8(46(0&,$5 '( 5(L
*74,'$' 2$4$ (. 751
'(. /,&4110'$5
4(2$4$&,H0 '( $.,/(0615
)?575E-= 17 85/=::90-> 1C/7@>5A-819?1 ;-=- 7;=1;-=-/5S9 01 -75819?:> #?=-> -;75/-/5:91> ;@1019
=1>@7?-= ;1753=:>-> D :/->5:9-= 0-R:> $:= 1618;7: 19
/->: 01 /-719?-= -78:4-0577-> =17719-> 01 >18577-> :
3=-9:> O>?-> ;@1019 59/1905-=>1 59/7@>: -7 /-.: 01
@9-> 4:=->
F$1753=: 01 59/1905:
16(0&,$ : 6,(/21 '(.
/,&4110'$5
#$-,..$
": ;=:3=-8-= 9@9/- 17 85/=::90-> - @9- ;:?19/5- :
0@=-/5S9 018->5-0: 171A-0-> :> -75819?:> ;@1019
5927-8-=>1 7 -;-=-?: ;@101 =1>@7?-= 0-R-0:
F$1753=: 01 59/1905:
'13@5= 7-> 5905/-/5:91> 01 7-> 59>?=@//5:91> 01 @>:
": @?575E-= @9- A-6577- <@1 9: >1- -;?- ;-=- 17
85/=::90->
- A-6577- 01 ;:=/17-9- : /1=K85/- ;@101 ;=1>19?-=
:=525/5:> 259:> 19 ->-> D ?-;-01=-> 9 1>?:> :=525/5:>
>1 :/@7?-9 4@1/:> - ;:>5.71 4@810-0 <@1 4-D;191?=-0: 19 17 4@1/: ;@101 4-/1= 1>?-77-= 7- A-6577-
F$1753=: 01 71>5:91>
-> /:850-> /-719?-0-> 185?19 /-7:= :> =1/5;519?1>
<@1 7:> /:9?51919 ;@1019 <@18-=
F$1753=: 01 <@18-0@=->
C?=-1= >518;=1 7:> ;7-?:> D -//1>:=5:> 017 -;-=-?:
/:9 @9 ;-R: 01 /:/59- : 8-9:;7-
/%$.$-(
": /-719?-= 9@9/- /:850-> 19 18.-7-61> 01
/:9>1=A-/5S9 19 /-7519?1
F$1753=: 01 59/1905:
": /-719?-= 9@9/- >59 A5357-9/5- -75819?:> 19
=1/5;519?1> 01 ;7K>?5/: ;-;17 @ :?=:> 8-?1=5-71>
5927-8-.71>
-> 7K859-> : .:7>-> 01 ;7K>?5/: >177-0-> <@1 /:9?19W
3-9 -75819?:> ;@1019 =1A19?-=
F$1753=: 01 <@18-0@=->
'13@5= 7-> 5905/-/5:91> 01 7:> 19A:7?:=5:> CW
?=-1=>518;=1 7:> ;7-?:> /:9 @9 -3-==-0:=
(%,'$5
'5 >1 /-7519?-9 7Q<@50:> 1>?:> ;@1019 7713-= -7 1>?-0:
01 1.@775/5S9 >?: <@51=1 01/5= <@1 >1 ;@101 -7/-9E-=
7- ?18;1=-?@=- 01 1.@775/5S9 >59 <@1 -;-=1E/-9 7->
.@=.@6-> 01 A-;:= 4-.5?@-71> (-9 >S7: @9 8:A58519?:
.=@>/: 017 =1/5;519?1 ;@101 4-/1= <@1 17 7Q<@50:
>-7;5<@1 A5:719?-819?1
F$1753=: 01 <@18-0@=->
7 /-719?-= @9 7Q<@50: 59?=:0@/5= >518;=1 @9- /@/4-=19 17 =1/5;519?1 1 1>?1 8:0: >1 1A5?- <@1 >1 7713@1
-7 1>?-0: 01 1.@775/5S9
": /-719?-= 9@9/- 7Q<@50:> 19 =1/5;519?1> ?-;-0:>
F$1753=: 01 1C;7:>5S9
": /-719?-= 9@9/- .1.50-> -7/:4S75/-> - ?18;1=-?@W
=-> 018->5-0: 171A-0->
F$1753=: 01 1C;7:>5S9
.,/(0615 2$4$ %(%D5
.,/(0615 &10 &A5&$4$ 1
2,(.
": /-719?-= 9@9/- -75819?:> ;-=- .1.O> 19
=1/5;519?1> /1==-0:> %@5?-= >518;=1 7- ?-;- : 7?1?59-
&18:A1= : -35?-= ?=-> 17 /-719?-8519?: 'S7: 01 1>?1
8:0: >1 1C?51901 17 /-7:= 01 @9 8:0: 1<@575.=-0:
:9?=:7-= 7- ?18;1=-?@=- -9?1> 01 -75819?-= 17 .1.O
F$1753=: 01 <@18-0@=->
": /:/1= 9@9/- 4@1A:> /:9 /K>/-=- "@9/- /-719?-=
4@1A:> 0@=:> $@1019 =1A19?-= /-@>-90: @91>;1/51 01 1C;7:>5S9 >?: ?-8.5O9 1> -;75/-.71 - 7:>
/=@>?K/1:>
F$1753=: 01 <@18-0@=->
:9 4@1A:> 2=5?:> : 4@1A:> ;->-0:> ;:= -3@- 01.1
;59/4-=>1 ;=1A5-819?1 7- D18-
9 7:> -75819?:> /:9 /K>/-=- : ;517 /:8: 8-9E-9->
?:8-?1> ;-?-?-> >-7/45/4-> 7- /K>/-=- ;@101 =1W
A19?-= 9?1> 01 /-719?-=7:> ;59/4-= 7- /K>/-=- : 7;517
": >1/-= 9@9/- -75819?:> /:9 17 85/=::90->
F$1753=: 01 59/1905:
.,/(0615 &10 21&1
&106(0,'1 (0 $*7$
": 01>/:9317-= : /-719?-= 9@9/- - 018->5-0;:?19/5- : 0@=-9?1 018->5-0: ?518;: -75819?:> /:9
;:/: /:9?1950: 19 -3@- /:8: ; 16 17 ;-9
F$1753=: 01 59/1905:
&(,6( '( /(5$
": /-719?-= 9@9/- -/15?1 01 81>- /:9 17 85/=::90->
F$1753=: 01 59/1905:
(&$'1 '( $.,/(0615
$0(. '( /$0'1
%!&)
#,=, 7, 3:=, D 7,
/@=,.4R9 /07 .4.7: /0
.:..4R9
# )#&"
# +&'
# ')
$$&)!0!6%
#* ') # ,%!6%
,+&$1+! # ')&)$
# ')&)$
# '*&
%& !)+&)!&
#,=, ;=:2=,8,= 7, 3:=,
D 7, /@=,.4R9 /07 .4.7:
/0 .:..4R9 .:9 07
;=:2=,8, ,@?:8J?4.:
# +)+
#* ') #*
'&+%!*
#$!)&&%*
A,?4:>
A,?4:>
A,?4:>
A,?4:>
A,?4:>
# ') #
')+,) #
',)+
15 $&&(514,15
. 2.$61 *,4$614,1
7 ;7-?: 35=-?:=5: >1 /:7:/- 01 7- >53@519?1 2:=8-
9>1=?-= 17 >:;:=?1 $ 19 17 05>;:>5?5A: 01
-//5:9-8519?: & 19 17 /19?=: 01 7- ;-=?1 5921=5:= 01
7- E:9- 01 /://5S9
:7:/-= 17 ;7-?: 35=-?:=5: % >:.=1 17 >:;:=?1 $
)?575/1 17 -;-=-?: 85/=::90-> >S7: /:9 17 ;7-?:
35=-?:=5: 59>1=?-0: >13U=1>1 01 <@1 17 >:;:=?1
<@101 .519 19/-6-0: 7 ;7-?: 35=-?:=5: 35=- 4-/5- 75E<@51=0- : 4-/5- 7- 01=1/4-
&&(514,15 (52(&,$.(5
&1/5;519?1 ;-=- /:/1= -7 A-;:=
:> -//1>:=5:> 1>;1/5-71> ;@1019 -0<@5=5=>1 19 17
'1=A5/5: 01 >5>?19/5- (O/95/- 1.1 5905/-=>1 17
9U81=: ,
, 06(5 '(. 24,/(4 751
7 /:91/?-= 17 -;-=-?: - 7- =10 17O/?=5/- : ?=-> @9 /:=?1
19 17 >@8595>?=: 01 /:==519?1 19 17 ;-917 5905/-0:=
;-=;-01-9 ?=1> /1=:>
41*4$/$4 .$ +14$
-> ?1/7-> 19 /:7:= :>/@=: 01
7- 253@=- >1 4-9 01 ;=:3=-8-=
$@7>-= 7- 4:=- 9 17 5905/-0:= -;-=1/19 4:=-> D $=:3=-8-= 7- 4:=- /:9 17 8-90: 35=-?:=5:
$@7>-= 7- 4:=- 9 17 5905/-0:= 01>-;-=1/1 - 4:=- -/?@-7 >1 4- ;=:3=-8-0:
724,/,4 .$ ,0',&$&,H0 '(
+14$
$@7>-= 7- 4:=- D - /:9?59@-/5S9 '?:;
7 5905/-0:= >1 A@17A1 :>/@=:
41*4$/$4 '( 07(81 .$
+14$
$@7>-= 7- 4:=- 9 17 5905/-0:= -;-=1/1 21/?@-= 7:> -6@>?1> ?-7
/:8: >1 5905/- 19 7:> ;@9?:> D $/%,1 '( .$ +14$ 2 (-
'(. +14$4,1 '( 8(4$01 $. '(
,08,(401
21/?@-= 7:> -6@>?1> ?-7 /:8: >1 5905/- 19 7:> ;@9?:> - . /,&4110'$5
:> -75819?:> -.>:=.19 7- 191=3Q- 01 7-> 85/=::90->
D 7- ?=-9>2:=8-9 19 /-7:= 7 85/=::90-> 1> -;=:;5-0:
;-=- 01>/:9317-= /-719?-= 2@905= D /:/1= /:9
=-;501E
[email protected] - @?575E-= >@ 85/=::90-> -719?-= ;:=
1618;7: @9- ?-E- 01 -3@- ;-=- ;=1;-=-= @9 ?O
(:81 @9- ?-E- 3=-901 >59 01/:=-/5S9 0:=-0- :
;7-?1-0- 1 59?=:0@E/- 19 7- ?-E- @9- /@/4-=- 01 ?O
:7:/-= 7- ?-E- /:9 -3@- >:.=1 17 ;7-?: 35=-?:=5:
$@7>-= 7- ?1/7- $=:3=-8-= 859@?: >13@90:> /:9 17 8-90:
35=-?:=5:
$@7>-= '?-=?
(=-> 859@?: D >13@90:> >1 :5=K @9- >1R-7 7
-3@- 1>?K /-7519?1
!519?=-> >1 ?:8- 17 ?O A:7A1= - 711= 7-> 5905/-/5:91>
01 >13@=50-0 017 ;=59/5;5: 01 7-> 59>?=@//5:91> 01
@>: ':9 8@D 58;:=?-9?1>
(&,2,(06(5
(&,2,(06(5 $2412,$'15
':9 -01/@-0:> 7:> =1/5;519?1> =1>5>?19?1> -7 /-7:= 01
A50=5: A5?=:/1=K85/- ;:=/17-9- /1=K85/- : ;7K>?5/:
=1>5>?19?1 -7 /-8.5: 01 ?18;1=-?@=- >?:> 8-?1=5-71>
016-9 ;->-= 7-> 85/=::90->
(-8.5O9 ;@101 @?575E-= =1/5;519?1> ;-=- >1=A5= >Q 9:
?5191 <@1 ?=->A->-= 7:> -75819?:>
)?575E-= =1/5;519?1> /:9 01/:=-/5S9 0:=-0- : ;7-?1-0>S7: >5 17 2-.=5/-9?1 3-=-9?5E- <@1 >:9 -;?:> ;-=85/=::90->
(&,2,(06(5 01 $'(&7$'15
:> =1/5;519?1> 01 81?-7 9: >:9 -;?:>
7 81?-7 9: 016- ;->-= 7-> 85/=::90-> - /:850- 19
=1/5;519?1> 01 81?-7 /1==-0:> 9: >1 /-7519?-
F?19/5S9 7 81?-7 W ; 16 @9- /@/4-=- 019?=: 01 @9
A->: W 01.1 1>?-= -7 819:> - /8 01 05>?-9/5- 01 7->
;-=101> 017 /:8;-=?5819?: 01 /://5S9 D 01 7- ;-=10
59?1=9- 01 7- ;@1=?- - 2:=8-/5S9 01 /45>;-> ;:0=Q01>?=@5= 17 A50=5: 59?1=5:= 01 7- ;@1=?- 017 -;-=-?:
47(%$ '( .$ 8$-,..$
": 19/5190- 9@9/- 17 85/=::90-> >59 -75819?:> 19 >@
59?1=5:= /:9 1C/1;/5S9 01 7- ;[email protected] 01 7- A-6577>53@519?1
'5 9: 1>?K >13@=: 01 >5 >@ =1/5;519?1 1> -01/@-0:
;-=- 17 85/=::90-> 121/?U1 17 >53@519?1 ?1>?
9?=:0@/5= 17 =1/5;519?1 A-/Q: 19 17 -;-=-?: 0@=-9?1
H4->?- 859@?: - 7- ;:?19/5- 8KC58- :8;=:.-=
/:9?59@-819?1 7- ?18;1=-?@=- 7 =1/5;519?1 01.1=Q1>?-= 2=Q: : ?18;7-0: '5 >1 /-7519?- : >1 3191=-9
/45>;-> 9: 1> -01/@-0: ;-=- 17 85/=::90->
$5 216(0&,$5 '(.
/,&4110'$5
16$
&+%! #
$!)&&%*
')&'! ')
A,?4:>
.,709?,= 7P<@4/:>
A,?4:>
.,709?,= D .:.0= ,74809?:>
A,?4:>
.:.0= .,=90 D .,709?,= ,74809?:>
/074.,/:>
A,?4:>
/0>.:9207,= D .:9?49@,= 7, .:..4R9
A,?4:>
/0>.:9207,= ,74809?:> /074.,/:>
- ;:?19/5- 017 85/=::90-> 01 + >1 ;@101
=13@7-= ;-=- @9- 0@=-/5S9 01 859@?:> 7- 01 +
;-=- @9- 4:=- D 7-> 018K> ;:?19/5-> ;-=- @9-4:=- D
;-=- 859@?:>
5F 5( 241*4$/$
618;7:
A-?5:>
$@7>-= 7- ?1/7- 01 ;:?19/5- 017 85/=::90->
01>1-09 17 5905/-0:= >1 57@859- 7- ;:?19/5- 017
85/=::90-> ;=:3=-8-0- D >1 8@1>?=- 859
$=:3=-8-= 7- 0@=-/5S9 017 /5/7: 01 /://5S9 /:9 17
8-90: 35=-?:=5:
$@7>-= '?-=?
'1 ;@101 -;=1/5-= 17 ?=-9>/@=>: 017 ?518;:
>171//5:9-0: 0@=-/5S9 017 /5/7: 01 /://5S9
. 6,(/21 +$ 64$05&744,'1
'@19- @9- >1R-7 $@7>-= '?:; : -.=5= 7- ;@1=?- 017
-;-=-?: 9 7- ;-9?-77- -;-=1/1 01 9@1A: 7- 4:=-
1',),&$4 .$ '74$&,H0 '(.
&,&.1 '( &1&&,H0
!:0525/-= 7- 0@=-/5S9 017 /5/7: 01 /://5S9 /:9 17
8-90: 35=-?:=5: D ;:91= 17 -;-=-?: 01 9@1A: 19
8-=/4-
06(447/2,4
$@7>-= '?:; @9- A1E : -.=5= 7- ;@1=?- 017 -;-=-?: )9A1E /1==-0- 7- ;@1=?- ;@7>-= 01 9@1A: '?-=?
144$4
$@7>-= '?:; 0:> A1/1> : -.=5= 7- ;@1=?- D ;@7>-= '?:;
@9- A1E
16$
(-8.5O9 >1 ;@101 ;=:3=-8-= ;=581=: 7- 0@=-/5S9 017
/5/7: 01 /://5S9 D 01>;@O> 17 95A17 01 ;:?19/5- 017
85/=::90->
7$'415 '( &1&&,H0 105(-15 : 57*(4(0&,$5 24A&6,&$5
105(-15 :
$'8(46(0&,$5
$&(4&$ '( .$5 6$%.$5
9 7-> ?-.7-> >53@519?1> 19/:9?=-=K 9@81=:>->
:;/5:91> D ;:>5.5750-01> 01 ;=:3=-8-/5S9 ;-=- 17
85/=::90->
-> 5905/-/5:91> 01 0@=-/5S9 <@1 >1 0-9 19 7-> ?-.7->
>:9 >:7-819?1 A-7:=1> :=519?-?5A:> $@1019 A-=5-= 19
2@9/5S9 017 =1/5;519?1 01 7- /-750-0 ?18;1=-?@=- D
/:9>5>?19/5- 01 7:> -75819?:>
9 7-> ?-.7-> >1 0-9 /:9 2=1/@19/5- 8K=3191> 01
?518;: '171//5:91 >518;=1 17 A-7:= 8K> .-6: D 01
>1= 91/1>-=5: ;=:7:93@1 01>;@O> 17 ?518;: 01
/://5S9
$@101 <@1 - A1/1> ?193- <@1 /:/59-= /:9 /-9?50-01>
0521=19?1> - 7-> <@1 >1 >1R-7-9 19 7- ?-.7->
$-=- 1>?:> /->:> 4-D @9- =137- .K>5/-
:.71 /-9?50-0
W /->5 0:.71 ?518;: 01 /://5S9
85?-0 01 7- /-9?50-0 W 85?-0 01 ?518;: 01 /://5S9
:7:<@1 >518;=1 7- A-6577- >:.=1 17 ;7-?: 35=-?:=5:
(5&10*(.$4
$:93- 7:> -75819?:> /:9317-0:> 19 @9 =1/5;519?1 >59
?-;-= 19 17 ;7-?: 35=-?:=5:
- 01>/:9317-/5S9 01 /-=91 -A1> : ;1>/-0:
;=:0@/1 >518;=1 @9 7Q<@50: 75859-= 1>?1 7Q<@50: -7
0-= 7- A@17?- - 7- ;51E- D 9: @?575E-=7: 01 9@1A: 95
;:91=7: 19 /:9?-/?: /:9 :?=:> -75819?:>
9?=18105-> 01.1 0-= 7- A@17?- S A1/1> - 7:>
-75819?:> : =18:A1=7:> 7-> ;51E-> 3=-901> ?190=K
<@1 0-=71 7- A@17?- A-=5-> A1/1>
161 =1;:>-= 17 -75819?: 01>/:9317-0: 01
W
859@?:> - ?18;1=-?@=- -8.519?1 ;-=- 53@-7-=
7- ?18;1=-?@=- '5 >1 ?=-?- 01 -A1> ;@101 D- >-/-=71
7-> AQ>/1=-> - /-=91 ;@101 ;=1;-=-=>1 D- -@9<@1
-U9 ?193- @9 ;1<@1R: 9U/71: /:9317-0:
%+!
&+%!* # $!)&&%* +!&*
!$'& $!%,+&*
,=90 09 ;40E,>
/0 A,., .0=/: ?0=90=,
.:9 : >49 3@0>:
2
2
2
* 849 * V 849
* 849 * V 849
* 849 * V 849
,=90 ?=:.0,/, : 09 1470?0>
/0 A,., .0=/: : ?0=90=,
2
2
2
* 849 * V 849
* 849 * V 849
* 849 * V 849
&0;,=,= 7:> ?=:E:> .@,9/: >0 70>
/N 7, A@07?,
,=90 ;4.,/, 80E.7,
2
2
2
* 849
* 849 * V 849
* 849 * V 849
:> ?=:E:> /0-09 >0= 7: 8J>
149:> ;:>4-70 .@,9/: >0
.:920709 ,=70> 7, A@07?, A,=4,>
A0.0> D =0?4=,= 7, .,=90 <@0 D,
0>?N /0>.:9207,/,
A0> : ;40E,> /0 ,A0
2
2
* 849 * V 849
* 849 * V 849
#0>.,/:
470?0 =:/,5,>
2
* 849 * V 849
)0=/@=, ; 05 2@4>,9?0>
2
* V 849
=@?,
; 05 1=,8-@0>,>
2
2
* V 849
* 849 * V 849
,=70> 7, A@07?, 09?=080/4,> .:9
.@4/,/: D >0;,=,= 7,>
/0>.:9207,/,>
2
2
* 849 * V 849
* 849 * V 849
%0?4=,= 07 09A:7?:=4:
.:8;70?,809?0
#,9 09?0=:
2
2
* 849 * V 849
* 849 * V 849
#,>?07 >0.:
; 05 /0 8,>, -,?4/,
2
2
* V 849
* 849 * V 849
&0;,=,= 7:> ?=:E:> /0 ;,>?07
.@,9/: >0 70> /N 7, A@07?, &R7:
;,=, ;,>?070> >49 27,>0,/: 9,?,
: .=08,
#,>?07 5@2:>:
; 05 ;,>?07 /0 1=@?,> : /0
.@,5,/,
2
2
* 849 * V 849
* 849 * V 849
&R7: ;,=, ;,>?070> >49 27,>0,/:
: 207,?49,
,9?0<@477,
&%*"&* / -)+%!*
&0;,=,= @9:> /0 :?=:> 7:> ?=:E:>
/0>.:9207,/:>
(5&10*(.$4
&$.(06$4 1 &1&,0$4
$.,/(0615
&10*(.$'15
&1?5=1 17 19A:7?:=5: 01 7:> ;7-?:> ;=1/:/59-0:> '5 >1
@?575E- A-6577- -;?- ;-=- 85/=::90-> >1 /-7519?-9 8K>
=K;50- D @952:=81819?1 :> 05>?59?:> /:8;:919?1>
01 7:> -75819?:> ;@1019 ;=1>19?-= ?-8.5O9
0521=19/5-> 19 17 ?518;: <@1 91/1>5?-9 ;-=/-719?-=>1
@-9?: 819:= >1- 7- -7?@=- 01 7-> A5-90-> /:9 8-D:=
=-;501E >1 /:/59-=K9 $:= ?-9?: /:9A5191 /:7:/-= 7->
A5-90-> 01 7- 2:=8- 8K> -;7-9-0- ;:>5.71 019?=: 017
=1/5;519?1 ": 1> -/:9>16-.71 ;:91= 7:> -75819?:> 19
/-;-> @9:> 19/58- 01 :?=:>
(-;1 >518;=1 7:> -75819?:> '5 9: 05>;:91 01 @9?-;-01=- -01/@-0- ;-=- 17 =1/5;519?1 @?575/1 @9 ;7-?:
: ;-;17 1>;1/5-7 ;-=- 85/=::90->
1.1 0-=>1 7- A@17?- : =18:A1= 7-> A5-90-> 01
WA1/1> 8519?=-> >1 1>?K9 /-719?-90:
)9- A1E /-719?-0:> 0161 =1;:>-= 7:> ;7-?:> 01
W859@?:> ;-=- <@1 >1 53@-71 7- ?18;1=-?@=-
-> A5-90-> >@1719 /:9>1=A-= >@ >-.:= /-=-/?1=Q>?5/:
$:= 1>?- =-ES9 17 18;71: 01 >-7 @ :?=:> /:905819?:>
01.1 >1= 8:01=-0:
%+!
&+%!* #
$!)&&%* +!&*
!$'& $!%,+&*
09T ;7,?: .:8-49,/: ;7,?:
;=0.:.49,/: V.:8;:909?0>
V2
* V 849
&:;,>
2
* V 849
#:?,50>
2
* V 849
,=90 09 >,7>, ;05 2@7,>.3
2
* V 849
&0;,=,= 7:> ?=:E:> /0
.,=90 .@,9/: >0 70> /N 7,
A@07?,
#0>.,/: ;05 1470?0
2
* V 849
0 >0= 90.0>,=4: ,Q,/4=
,2@, E@8: /0 748R9 :
A49:
&%*"&* / -)+%!*
%+!
&+%!* #
$!)&&%* +!&*
!$'& $!%,+&*
=,?49,/:> ;05 7,>,Q,
.,907:90>
2
* V 849
@,=94.4:90>
,==:E ;,>?,>
2
2
* V 849
* V 849
Q,/4= ,72: /0 7P<@4/:
)0=/@=, ;05 2@4>,9?0>
-=R.@74 E,9,3:=4,>
2
2
* V 849
* V 849
@-=4= 07 1:9/: /07
=0.4;409?0 .:9 ,2@,
>;49,.,> .:9 9,?,
2
* V 849
:.49,= >49 ,Q,/4= >,7
$.(06$4 $.,/(0615
&%*"&* / -)+%!*
&1?5=1 17 19A:7?:=5: 01 7:> ;7-?:> ;=1/:/59-0:> '5 >1
@?575E- A-6577- -;?- ;-=- 85/=::90-> >1 /-7519?-9 8K>
=K;50- D @952:=81819?1 :> 05>?59?:> /:8;:919?1>
01 7:> -75819?:> ;@1019 ;=1>19?-= ?-8.5O9
0521=19/5-> 19 17 ?518;: <@1 91/1>5?-9 ;-=/-719?-=>1
(-;1 >518;=1 7:> -75819?:> '5 9: 05>;:91 01 @9?-;-01=- -01/@-0- ;-=- 17 =1/5;519?1 @?575/1 @9 ;7-?:
: ;-;17 1>;1/5-7 ;-=- 85/=::90->
@-90: /-7519?1 7Q<@50:> 59?=:0@E/- >518;=1 @9/@/4-=5?- 019?=: 017 =1/5;519?1 ;-=- 1A5?-= ->Q 17
=1?-=0: 01 1.@775/5S9 7 =1?-=0: 01 1.@775/5S9 1> @9
219S819: 19 17 /@-7 >1 -7/-9E- 7- ?18;1=-?@=- 01
1.@775/5S9 >59 <@1 ->/5190-9 7-> ?Q;5/-> .@=.@6-> 01
A-;:= - 8K> 71A1 >-/@050- 017 =1/5;519?1 .->?- ;-=<@1 >1 595/51 @9- 1.@775/5S9 ?-=0Q- D 17 7Q<@50: /-7519?1
>1 01==-81 : >-7;5<@1 /:9 2@1=E- I>?: ;@101
:/->5:9-= 71>5:91> D <@18-0@=->
1.1 0-= 7- A@17?- : =18:A1= 7-> A5-90-> A-=5-> A1/1>
8519?=-> >1 1>?K9 /-719?-90: :9?=:71 7?18;1=-?@=-
)9- A1E /-719?-0:> 0161 =1;:>-= 7:> ;7-?:> 01
W859@?:> ;-=- <@1 >1 53@-71 7- ?18;1=-?@=-
%+!
&+%!* #
$!)&&%* +!&*
!$'& $!%,+&*
09T ;7,?: .:8-49,/:
;7,?: ;=0.:.49,/:
V.:8;:909?0>
V 2
* V 849
0-4/,>
87
87
87
* V 849
* V 849
* V 849
9?=:/@.4= @9, [email protected],=, 09 07
=0.4;409?0 ,> -0-4/,>
,7.:3R74.,> 9: /0-09
.,709?,=>0 09 0C.0>:
:9?=:7,= /0 A0E 09 .@,9/:
:84/, ;,=, -0-N> ;05
-4-0=:90>
87
87
87
* ,;=:C H 849
* ,;=:C 849
* ,;=:C H 849
&49 ?0?49, : ?,;,/0=, 24?,=
-409 >408;=0 /0>;@N> /0
.,709?,= 24?,=7: -409 /0>;@N>
/0 .,709?,= F9/4>;09>,-70
.:8;=:-,= 7, ?08;0=,?@=,
&:;,
2
2
* V 849
* V 849
,=90 09 >,7>,
2
* V 849
#:?,50
2
2
* V 849
* V 849
)0=/@=, ;:=.4R9
;:=.4:90>
2
2
* V 849
* V 849
?,E,
?,E,>
$.(06$4 $.,/(0615
&%*"&* / -)+%!*
&0;,=,= 7:> ?=:E:> /0 .,=90
Q,/4= ,72: /0 7P<@4/:
:/591 7-> A5-90-> 19 =1/5;519?1> ?-;-0:> >
/:9A19519?1 =18:A1=7-> : 0-=71> 7- A@17?19?=18105->
:> -75819?:> >@1719 /:9>1=A-= >@ >-.:=
/-=-/?1=Q>?5/: $:= 1>?- =-ES9 17 18;71: 01 >-7 @ :?=:>
/:905819?:> 01.1 >1= 8:01=-0:
@-9?: 819:= >1- 7- -7?@=- 01 7-> A5-90-> /:9 8-D:=
=-;501E >1 /:/59-=K9 $:= ?-9?: /:9A5191 /:7:/-= 7->
A5-90-> 01 7- 2:=8- 8K> -;7-9-0- ;:>5.71 019?=: 017
=1/5;519?1 1 >1= ;:>5.71 9: 01.1=Q- ;:91= 7:>
-75819?:> 19 /-;-> @9:> 19/58- 01 :?=:>
)9- A1E /-719?-0:> 0161 =1;:>-= 7:> ;7-?:> 01
W859@?:> ;-=- <@1 >1 53@-71 7- ?18;1=-?@=-
%+!
&+%!* # $!)&&%* +!&*
!$'& $!%,+&*
&%*"&* / -)+%!*
#:77: >49
AP>.0=,> 1=0>.:
2
* V 849
,= 7, A@07?, ?=,> 7, 84?,/
/07 ?408;:
470?0 /0
;0>.,/: 1=0>.:
2
* V 849
)0=/@=, 1=0>.,
2
2
* V 849
* V 849
:=?,= 7, A0=/@=, 09 ?=:E:>
/0 42@,7 ?,8,Q: Q,/4=
[email protected],=,> /0 ,2@, ;:=
.,/, 2 /0 A0=/@=,
@,=94.4:90>
;05 ;,?,?,>
2
2
2
* V 849
* V 849
* V 849
==:E
2
2
* V * V 849
* V * V 849
:=?,= 7,> ;,?,?,> 09 ?=:E:>
/0 42@,7 ?,8,Q: Q,/4=
,2@, ,7 =0.4;409?0 ,;=:C
.8 /0 ,7?@=, =08:A0=
Q,/4= /:-70 .,9?4/,/ /0
7P<@4/:
87
* V 849
%08:A0= -409 07 17,9 /0
VA0.0> .:9 07 -,?4/:=
2
* V 849
#7,?:> /@7.0>
;05 17,9
49>?,9?J90:
1=@?, .:8;:?,
105(-15 24A&6,&15
2$4$ 75$4 (.
/,&4110'$5
& * %,%+)% ))%!* %
# ,)& &)!%++!-& )#+!-* #
%+! #!$%+& (, *
* ')'))
#=:7:92,= : =0/@.4= 09 ?,7 .,>: 7, /@=,.4R9 /07 .4.7: /0 .:..4R9
09 [email protected] /0 7, >42@409?0 =027, -J>4.,
:-70 .,9?4/,/ /:-70 /@=,.4R9
0/4, .,9?4/,/ 84?,/ /0 /@=,.4R9
# #!$%+& *# $*!& *&
&070..4:9,= 7, ;=RC48, A0E @9 ?408;: /0 .:..4R9 8J> .:=?: :
,5@>?,= @9 94A07 /0 ;:?09.4, /07 84.=::9/,> 809:= @-=4= 07
,74809?: .:9 @9, ?,;, D ,2=02,= ,72: /0 ,2@, : 7P<@4/:
# #!$%+& %& * *&%#& %& *+1 #!%+ &
%& *+1 % *, ',%+& '*) ) +)%*,))!& # +!$'&
')&)$&
@809?,= 7, /@=,.4R9 /07 .4.7: /0 .:..4R9 ,> .,9?4/,/0> 8J>
2=,9/0> D 7:> ,74809?:> /0 2=,9 ,7?@=, 90.0>4?,9 @9:> ?408;:>
/0 .:..4R9 8J> ;=:7:92,/:>
)* ) +)%*,))!& # +!$'&
&!6% # #!$%+& *+1
*&)#%+& % #&* &)*
$!%+)* (, # %+)& %& *+1 %
*, ',%+&
%08:A0= 07 ,74809?: /@=,9?0 07 .4.7: /0 .:..4R9 &070..4:9,= 7,
;=RC48, A0E @9 94A07 /0 ;:?09.4, 809:= D @9 ?408;: /0 .:..4R9
8J> ;=:7:92,/:
)* # *&%#!6% #* -* &
# )% *+1 &! '&) ,)
')& '&) %+)& 8% %& * *&%#&
&070..4:9,= 7, ;=RC48, A0E @9, ;:?09.4, /07 84.=::9/,> 809:=
:9 2=,9/0> .,9?4/,/0> /,= 7, A@07?, , 7:> ,74809?:> A,=4,>
A0.0>
, /0>.:9207,.4R9 /0 .,=90 ,A0> : ;0>.,/: ;=:/@.0 >408;=0
@9 7P<@4/: 74849,= 0>?0 7P<@4/: ,7 /,= 7, A@07?, , 7, ;40E, D 9:
@?474E,=7: /0 9@0A: 94 ;:90=7: 09 .:9?,.?: .:9 :?=:> ,74809?:>
105(-15 : $'8(46(0&,$5
9 17 /=5>?-7 01 7- ;@1=?- 19 7-> ;-=101> 59?1=5:=1> D 19
17 >@17: ;@101 -;-=1/1= -3@- 01 A-;:= /:9019>-0:
I>?: 1> -73: 9:=8-7 <@1 9: -21/?- -7 .@19
2@9/5:9-8519?: 017 85/=::90-> 1.1 >1/-= 17 -3@/:9019>-0- /@-90: 4-D- ?1=859-0: 01 /:/59-=
,56(/$ $761/A6,&1 '( 241*4$/$&,H0
7 ;=:3=-8- -@?:8K?5/: ;1=85?1 01>/:9317-=
-75819?:> D ;=1;-=-= ;7-?:> 01 2:=8- /S8:0- =K;50D >19/577-
'@ -;-=-?: 85/=::90-> /@19?- /:9 ;=:3=-8->
-@?:8K?5/:>
$-=- /-0- ;=:3=-8- >1 19/:9?=-=K9 7:> -75819?:>
-;=:;5-0:> D 17 59?1=A-7: 01 ;1>: /:==1>;:90519?1 19
7-> ?-.7-> '1 ;@101 ;=:3=-8-= /-0- ;1>: 59/7@50:
019?=: 017 59?1=A-7: 01 ;1>:
5F 5( 241*4$/$
$@7>-= =1;1?50-819?1 $ 4->?- <@1 -;-=1E/- 17
9U81=: 01 ;=:3=-8- 01>1-0:
$@7>-= 9 17 5905/-0:= >1 57@859- $ D -;-=1/1 @9 ;1>:
;=:;@1>?:
&13@7-= 17 ;1>: 017 -75819?: /:9 17 8-90:
35=-?:=5:
$@7>-= '?-=?
9 17 5905/-0:= >1 8@1>?=- 17 ?=-9>/@=>: 017 ?518;:
0@=-/5S9 017 /5/7: 01 /://5S9 017 ;=:3=-8-
"0$ 8(; 64$05&744,'1 (.
6,(/21
'@19- @9- >1R-7 7 -;-=-?: >1 01>/:91/?-
(1/7- '?:; : -.=5= 7- ;@1=?-
144(*,4
$@7>-= '?:; 0:> A1/1> D 121/?@-= @9 9@1A: -6@>?1
06(447/2,4
.=5= 7- ;@1=?- 017 -;-=-?: )9- A1E /1==-0- 7- ;@1=?-
;@7>-= 01 9@1A: '?-=? 7 ;=:3=-8- /:9?59@-
144$4
$@7>-= '?:; 0:> A1/1>
105(-15 : $'8(46(0&,$5
9 -73@9:> ;=:3=-8-> >@19- @9- >1R-7 01>;@O> 01
@9 ?518;: 01?1=859-0: .=5= 7- ;@1=?- 017 -;-=-?: D
81E/7-= 7:> -75819?:> : 0-= 7- A@17?- - 7- /-=91 : - 7->
-A1> )9- A1E /1==-0- 7- ;@1=?- ;@7>-= 01 9@1A: 7?1/7- '?-=?
7 9U81=: 01 ;=:3=-8- D 17 ;1>: >1 ;@1019 /:9>@7?-=
>5 >1 ;@7>- $ : 7 A-7:= >1 8@1>?=- 0@=-9?1
>13@90:> 19 17 5905/-0:=
41*4$/$5 '(
'(5&10*(.$&,H0
4(2$4$4 .15 $.,/(0615
:9 7:> ;=:3=-8-> 01 01>/:9317-/5S9 >1 ;@1019
01>/:9317-= /-=91 -A1> D ;-9
)?575E-= -75819?:> <@1 >1 /:9317-=:9 D 3@-=0-=:9 01
8-91=- ;7-9- D 19 ;:=/5:91> - WG
'-/-= 17 -75819?: 017 19A:7?:=5: ;-=- 01>/:9317-=7: D
;1>-=7: >518;=1 '1 91/1>5?- 17 ;1>: ;-=- -6@>?-= 17
;=:3=-8-
#$-,..$
:7:/-= 17 -75819?: 19 @9- A-6577- ;7-9- -01/@-0;-=- 17 85/=::90-> ; 16 @9 ;7-?: 01 A50=5: :
;:=/17-9- D >59 ?-;-
!,(/21 '( 4(2151
7 -75819?: 01>/:9317-0: 01.1=Q- =1;:>-= ;-=- 7/:8;19>-/5S9 01 ?18;1=-?@=- 0@=-9?1 @9:>
W
859@?:>
:> ?=:E:> 01 /-=91 8K> 3=-901> 91/1>5?-9 @9
?518;: 01 =1;:>: 8-D:= <@1 7:> ;1<@1R:> -D <@1
>1;-=-= 7:> ?=:E:> -;7-9-0:> D 7- /-=91 ;5/-0- -9?1>
017 ?518;: 01 =1;:>:
1>;@O> >1 ;@1019 8-95;@7-= 7:> -75819?:> 59/7@>:
/@-90: 7:> ?=:E:> 01 /-=91 3=-901> -U9 ?193-9 17
9U/71: /:9317-0: > 17 8:819?: 01 >-/-= 7->
AQ>/1=-> 01 7-> -A1>
(G$.
9 -73@9:> ;=:3=-8-> >@19- @9- >1R-7 01>;@O> 01
@9 ?518;: 01?1=859-0: .=5= 7- ;@1=?- 017 -;-=-?: D
81E/7-= 7:> -75819?:> : 0-= 7- A@17?- - 7- /-=91 : - 7->
-A1> )9- A1E /1==-0- 7- ;@1=?- ;@7>-= 01 9@1A: 7?1/7- '?-=?
<6(0&,H0
7 01>/:9317-= /-=91 : -A1> >1 ;=:0@/1 7Q<@50: I>?1
9: >1 01.1 18;71-= D ?-8;:/: 01.1 19?=-= 19
/:9?-/?: /:9 :?=:> -75819?:>
#!$%+&*
8$)& ')&)$
)% '*&
,=90 ;4.,/,
# V
62
'=:E:> /0 .,=90 ,;7,9,/:>
# V
62
#:77: #:77: ?=49.3,/:
# V
62
#,9
# V
62
41*4$/$5 '(
&1&&,H0
:9 7:> ;=:3=-8-> 01 /://5S9 >1 ;@101 /:/1=
-==:E ;-?-?-> D A1=0@=->
#$-,..$
:/1= 7:> -75819?:> >518;=1 19 A-6577- -01/@-0- ;-=17 85/=::90-> D /:9 ?-;- $-=- 17 -==:E >1 01.1
@?575E-= @9 8:701 3=-901 D -7?:
4(2$4$4 .15 $.,/(0615
$1>-= 17 -75819?: '1 91/1>5?- 17 0-?: ;-=- -6@>?-= 17
;=:3=-8-
==:E ": @?575E-= -==:E 19 .:7>5?-> ;-=- /:/59-=
*1=?1= 7- /-9?50-0 01 -3@- 91/1>-=5- >13U9 7->
5905/-/5:91> 017 2-.=5/-9?1 19 17 19A:7?:=5: '@171 >1=
17 0:.71 : ?=5;71 017 ;1>: 017 -==:E
$-?-?-> $-=- 4-/1= ;-?-?-> /:/50-> /:=?-= 7-> ;-?-?->
2=1>/-> 19 ?=:/5?:> ;1<@1R:> D @952:=81> $:= /-0
3 01 ;-?-?-> -R-05= @9- /@/4-=-0- 01 -3@- D @9
;:/: 01 >-7
*1=0@=-> 2=1>/-> $1>-= 7-> A1=0@=-> 2=1>/-> D
758;5-> :=?-= 7-> A1=0@=-> 19 ?=:/5?:> ;1<@1R:> D
@952:=81> $:= /-0- 3 01 A1=0@=-> -R-05= @9/@/4-=-0- 01 -3@- D @9 ;:/: 01 >-7
(G$.
!,(/21 '( 4(2151
!519?=-> >1 01>-==:77- 17 ;=:3=-8- >@19- @9- >1R-7
?=-> @9 /51=?: ?518;: &18@1A- 7:> -75819?:>
@-90: 17 ;=:3=-8- 4- 259-75E-0: A:7A1= - =18:A1=
7:> -75819?:> $-=- 7- /:8;19>-/5S9 01 ?18;1=-?@=01.1=Q- =1;:>-= 19?=1 W
859@?:> 8K>
:> =1>@7?-0:> 01 /://5S9 01;19019 01 7- /-750-0 D
7- /:9>5>?19/5- 01 7:> -75819?:>
#!$%+&*
8$)& ')&)$
)% '*&
==:E
# V62
#,?,?,>
# V
62
)0=/@=,
# V
62
(/14,$
=-/5-> - 7- 2@9/5S9 01 818:=5- >1 ;@101 /=1-= >@
;=:;5: ;=:3=-8- - 2@9/5S9 01 818:=5- 1>
1>;1/5-7819?1 U?57 >5 >1 ;=1;-=- @9 ;7-?: 8@D 819@0: 7 -6@>?1 >1 ;@101 -78-/19-= D /:9>@7?-= 01
9@1A: 19 /@-7<@51= 8:819?:
./$&(0$4 /(/14,$
618;7:
+ 859@?:>
$@7>-= !
9 17 5905/-0:= >1 57@859- !
$@7>-= 7- ?1/7- 01 ;:?19/5- 017 85/=::90->
01>1-09 17 5905/-0:= >1 57@859-9 ! 7- ;:?19/5>171//5:9-0- D 859
$=:3=-8-= 7- 0@=-/5S9 017 /5/7: 01 /://5S9 /:9 17
8-90: 35=-?:=5:
:925=8-= /:9 !
9 7- ;-9?-77- -;-=1/1 01 9@1A: 7- 4:=-
- ;=:3=-8-/5S9 1>?K 3@-=0-0-
- 818:=5- >1 ;@101 3@-=0-= D ;:91= 19 8-=/4598105-?-819?1 $-=- ?1=859-= ;@7>-= 7- ?1/7- '?-=? D
9: 7- ?1/7- !
105(-15 : $'8(46(0&,$5
": >1 ;@1019 3@-=0-= A-=5-> ;:?19/5-> 01
85/=::90-> /:9>1/@?5A-819?1
": >1 ;@1019 3@-=0-= ;=:3=-8-> -@?:8K?5/:>
>539-= 01 9@1A: 7- 818:=5-
$@7>-= ! '1 A5>@-75E-=K9 7:> -6@>?1> 3@-=0-0:>
@-=0-= 17 9@1A: ;=:3=-8- ?-7 /:8: >1 01>/=5.1 19
7:> ;@9?:> - &6,8$4 .$ /(/14,$
7 ;=:3=-8- 818:=5E-0: >1 ;@101 ;:91= 2K/57819?1
19 8-=/4- :7:/-= 17 ;7-?: 19 17 -;-=-?: 1==-= 7;@1=?- 017 -;-=-?:
$@7>-= !
'1 A5>@-75E-=K9 7:> -6@>?1> 3@-=0-0:>
$@7>-= '?-=?
9 17 5905/-0:= >1 8@1>?=- 17 ?=-9>/@=>: 017
?518;: >171//5:9-0:
. 6,(/21 +$ 64$05&744,'1
'@19- @9- >1R-7 7 -;-=-?: >1 -;-3- .=5= 7- ;@1=?017 -;-=-?: : ;@7>-= '?:;
06(447/2,4
.=5= 7- ;@1=?- 017 -;-=-?: )9- A1E /1==-0- 7- ;@1=?-
;@7>-= 01 9@1A: '?-=? 7 ;=:3=-8- /:9?59@-
144$4 (. $-756(
$@7>-= '?:; 0:> A1/1> : -.=5= 7- ;@1=?- 017 -;-=-?: D
;@7>-= '?:; @9- A1E
1',),&$4 .$ '74$&,H0 '( .$ 5(G$.
@-90: 17 -;-=-?: >1 01>/:91/?- >1 :D1 @9- >1R-7
> ;:>5.71 8:0525/-= 7- 0@=-/5S9 01 7- >1R-7
$-=- 177: ;@7>-= 7- ?1/7- '?-=? 0@=-9?1 -;=:C
>13@90:>
'1 -78-/19- 7- 9@1A- 0@=-/5S9 01 7- >1R-7 9 7;-9?-77- -;-=1/1 01 9@1A: 7- 4:=-
@=-/5:91> ;:>5.71>
@=-/5S9 .=1A1 01 7- >1R-7 ?:9:>
@=-/5S9 7-=3- 01 7- >1R-7 ?:9:>
7,'$'15 : .,/2,(;$
": @?575E-= 6-8K> 758;5-0:=1> 01 -7?- ;=1>5S9 95
8K<@59-> 01 758;51E- - A-;:= F$1753=: 01
/:=?:/5=/@5?:
": @?575E-= 6-8K> ;=:0@/?:> 01 758;51E- -.=->5A:> :
-257-0:> - >@;1=25/51 >1 ;@101 0-R-= '5 /-1 @9: 01
05/4:> 8105:> 19 7- ;-=?1 017-9?1=- 175859-=7: 01
2:=8- 598105-?- /:9 -3@-
41'7&615 '(
.,/2,(;$
.+)!&) # ')+&
&% ')+ #%+) )&
2@, .:9 @9 ;:.: /0 5,-R9 >0.,= >02@4/,809?0 .:9 @9 ;,Q:
>@,A0
2@, .:9 @9 ;:.: /0 5,-R9 >0.,= >02@4/,809?0 .:9 @9 ;,Q:
>@,A0
74849,= 4980/4,?,809?0 7,> 8,9.3,> /0 .,7 2=,>, ,784/R9 D
.7,=,> /0 3@0A:
#@0/0 ,/<@4=4= ;=:/@.?:> /0 748;40E, /0 ,.0=: 0>;0.4,70> 09 07
>0=A4.4: /0 ,>4>?09.4, ?N.94., : 09 .:80=.4:> 0>;0.4,74E,/:>
&$')+!$%+& &!6%
2@, .,7409?0 .:9 @9 ;:.: /0 5,-R9 : @9, >:[email protected] /0 ,2@, D
A49,2=0 >0.,= -409 .:9 @9 ;,Q: >@,A0
&$')+!$%+& &!6% )& !%&.!#
!: @?474E,= >;=,D> ;,=, 3:=9:> 94 :?=:> ;=:/@.?:> .:8:
748;4,/:=0> ;,=, 3:=9:> : ;=:/@.?:> ,-=,>4A:> ',8;:.: >0
/0-09 @?474E,= 0>?=:;,5:> 0>;:95,> J>;0=,> 94 748;4,:77,> >?:>
;=:/@.?:> =,D,9 7, >@;0=14.40
#+& !)+&)!& / # )&!##& !),#)
48;40 07 ;7,?: 24=,?:=4: D 07 =:/477: .4=.@7,= .:9 5,-R9
7,A,A,5477,> , 309/4/@=, 09 07 49?0=4:= /07 3:=9: >0 748;4, .:9
@9 ;,Q: 3T80/: >02T=0>0 /0 <@0 9: ;090?=0 ,2@, 09 07
49?0=4:= /07 ,;,=,?: , ?=,AN> /07 /4>;:>4?4A: /0 ,..4:9,8409?:
/07 ;7,?: 24=,?:=4: @,9/: A@07A, , .:7:.,= 07 >:;:=?0 N>?0
/0-0 <@0/,= -409 09.,5,/:
)!*+#* # ',)+
48;4,.=4>?,70>
=7D +$&(4 (0 &$51 '( $8(4F$
:9 2=1/@19/5- /@-90: >1 ;=:0@/1 @9- -A1=Q- >@171
?=-?-=>1 01 @9- ;1<@1R- -9:8-7Q- 2K/57 01 >@.>-9-=
9?1> 01 77-8-= 17 '1=A5/5: 01 >5>?19/5- (O/95/-
01.19 ?191=>1 19 /@19?- 7-> >53@519?1> 5905/-/5:91>
-)5
&*!# ,*
&%*"&*&)$ *,*%)#
7 ,;,=,?: 9: [email protected]:9,
7 09.3@10 9: 0>?J
.:90.?,/: , 7, =0/
07N.?=4.,
9.3@1,=
:=?0 09 07 >@8494>?=:
07N.?=4.:
:8;=:-,= >4 [email protected]:9, 7, 7@E /0 7,
.:.49,
7 1@>4-70 0>?J /010.?@:>:
:8;=:-,= 09 7, .,5, /0 1@>4-70> <@0 07
1@>4-70 /07 ,;,=,?: 0>?J 09 :=/09
,905: 49.:==0.?:
0>.:90.?,= 07 1@>4-70 .:==0>;:9/409?0
,7 ,;,=,?: 09 7, .,5, /0 1@>4-70> D
.:90.?,=7: /0 9@0A: ?=,9>.@==4/:>
,;=:C >02@9/:>
9 07 49/4.,/:= >0 47@849,9
?=0> .0=:>
:=?0 09 07 >@8494>?=:
07N.?=4.:
#:90= 07 =07:5 09 3:=,
7 ,;,=,?: 9: [email protected]:9, 7
49/4.,/:= 8@0>?=, @9,
/@=,.4R9
7 8,9/: 24=,?:=4: >0 3,
,..4:9,/: ;:=
0<@4A:.,.4R9
#@7>,= 7, ?0.7, &?:;
!: >0 3, ;@7>,/: 7, ?0.7,
&?,=? /0>;@N> /0
;=:2=,8,=
#@7>,= &?,=? : -:==,= 7:> ,5@>?0> .:9
&?:;
, ;@0=?, 9: >0 3, .0==,/:
.:8;70?,809?0
:8;=:-,= >4 7, ;@0=?, 0>?J ,?,>.,/,
;:= =0>?:> /0 ,74809?:> : ,72T9 .@0=;:
0C?=,Q:
!: >0 3, ;@7>,/: 7, ?0.7,
&?,=?
#@7>,= 7, ?0.7, &?,=?
&0 3, ;=:2=,8,/: @9,
;:?09.4, /0 84.=::9/,>
/08,>4,/: -,5,
&070..4:9,= @9, ;:?09.4, 8,D:=
&0 3, 49?=:/@.4/: @9,
.,9?4/,/ 8,D:= /0 7:
3,-4?@,7 09 07 ,;,=,?:
:-70 .,9?4/,/ V /:-70 /0 ?408;:
:> ,74809?:> 0>?J9 8J>
1=P:> /0 7: 3,-4?@,7
%08:A0= : /,= 7, A@07?, , 7:> ,74809?:>
/0 A0E 09 .@,9/:
7 84.=::9/,> 9: [email protected]:9,
:> ,74809?:> >0 .,7409?,9
8J> 709?,809?0 /0 7:
3,-4?@,7
7 ;7,?: 24=,?:=4: 3,.0 @9 =@4/: &@.40/,/ : .@0=;: 0C?=,Q: 48;4,= 07 =:/477: ,9@7,= D 7, 309/4/@=,
/0 =,>.,/@=, : /0 =:E,/@=,
09 7, J=0, /07 80.,94>8:
09 7, E:9, /0 .:..4R9
/0 ,..4:9,8409?: /07 ;7,?:
-)5
&*!# ,*
&%*"&*&)$ *,*%)#
7 8:/: /0 [email protected]:9,8409?:
84.=::9/,> >0 49?0==@8;0 >49
8:?4A: ,;,=09?0
7 84.=::9/,> 0>?J
,A0=4,/:
&4 A@07A0 , ;=:/@.4=>0 0>?0 0==:= 77,8,=
,7 &0=A4.4: /0 >4>?09.4, 'N.94.,
$5 4(2$4$&,10(5 '(%(0 5(4 ()(&67$'$5 5H.1 214
2(4510$. '(. (48,&,1 '( 5,56(0&,$ !D&0,&$
'(%,'$/(06( ,05647,'1 - =1;-=-/5S9 59-01/@-0017 -;-=-?: ;@101 58;75/-= >1=5:> =51>3:> ;-=- 17
@>@-=5:
(48,&,1 '( 5,56(0&,$ !D&0,&$
"@1>?=: '1=A5/5: 01 >5>?19/5- (O/95/- 1>?K - >@
05>;:>5/5S9 >5 >@ -;-=-?: 91/1>5?- >1= =1;-=-0: 05=1//5S9 D 17 9U81=: 01 ?17O2:9: 017 '1=A5/5: 01
>5>?19/5- (O/95/- 8K> ;=SC58: - >@ 0:85/575: 253@=19 7- 3@Q- ?1712S95/- >585>8: 7:> 19?=:> 01
>5>?19/5- (O/95/- <@1 71> 2-/575?-8:> ;:0=K9
9:8.=-=71> @9- 01713-/5S9 017 '1=A5/5: 01 >5>?19/5(O/95/- 8K> ;=SC58: - >@ 0:85/575:
L0J/ : L0J/
": :7A501 5905/-= >518;=1 -7 '1=A5/5: 01 >5>?19/5(O/95/- 17 9U81=: 017 ;=:0@/?: W9U8 ->Q /:8: 17
9U81=: 01 2-.=5/-/5S9 W9U8 01 >@ -;-=-?: '5
-.=1 7- ;@1=?- 01 7- E:9- 01 /://5S9 - 7- 01=1/419/:9?=-=K 7- ;7-/- 01 /-=-/?1=Q>?5/-> /:9 1>?:>
9U81=:> $-=- <@1 19 /->: 01 -A1=Q- 9: ?193- <@1
.@>/-=7:> 71 -/:9>16-8:> -9:?-= -<@Q 05=1/?-819?1
7:> 0-?:> 01 >@ -;-=-?:
V9U8
V9U8
&0=A4.4: /0 >4>?09.4, 'N.94., $615 6D&0,&15
&@8494>?=: /0 .:==409?0
V ) E
),7:= ?:?,7 /0 .:90C4R9
*
#:?09.4,> /07 84.=::9/,>
*
[email protected],
E
0/4/,> ,7?: C ,9.3: C 1:9/:
V ;,=,?:
C C .8
V +:9, /0 .:..4R9
C C .8
#0>:
62
:8:7:2,/: ;:= )
>P
?4<@0?, >P
>?1 -;-=-?: /@8;71 7- 9:=8-?5A- " D
'$&V
> @9 ;=:0@/?: 017 =@;: 7->1 =@;: 5905/- <@1 7:> 85/=::90-> >1 2-.=5/-9 /:9 17
259 01 /-719?-= -75819?:>
7->1 5905/- <@1 17 -;-=-?: 1> -;?: ;-=- >@ @>: 19
17 19?:=9: ;=5A-0:
$4$ 37( &1;,0+$4 5(-$ 7/ 24$;(4 6B1 *4$0'(
&1/1&1/(4
715- : ;=1>19?1 8-9@-7 01 59>?=@NT1> 1>>- 2:=8- ;:01=K
?5=-= ;=:A15?: 01 ?:0-> -> A-9?-319> 0: >1@ 2:=9: /:8;-/?:
01 85/=::90->
#.?1=K 592:=8-NT1> 58;:=?-9?1> >:.=1 - >13@=-9N- 5/-=K
- /:941/1= :> AK=5:> /:8;:919?1> 0: >1@ 9:A: -;-=174: -;=1901=K - 121/?@-= - =1>;1/?5A- =13@7-NM: ;->>: - ;->>:
I 8@5?: >58;71>
"-> ?-.17-> 19/:9?=-=K :> A-7:=1> 01 =13@7-NM: 1 :> 9QA15>
;-=- 05A1=>:> ;=-?:> /:==19?1> :5 ?@0: ?1>?-0: 9: 9:>>:
1>?U05: 01 /:E594-
>1 ;:= -/->: >@=35= -73@8- -9:8-75- 19/:9?=-=K 9->
U7?58-> ;K359-> 592:=8-NT1> >:.=1 /:8: 175859-= ;1<@19->
-9:8-75->
# 8-9@-7 ?18 @8 Q905/1 ;:=819:=5E-0: : <@-7 ;=:;:=/5:9@8- 2K/57 :=519?-NM:
:8 -;1?5?1
>0',&(
06(5 '( .,*$4 1 0181 $2$4(.+1 9?1> 0- 8:9?-318 056$.$CB1 ( .,*$CB1 37( '(8( 6(4 (/ $6(0CB1 905/-NT1> 01 >13@=-9N- 905/-NT1> 01 >13@=-9N- ;-=- -@?575E-NM: 0:
85/=::90-> 2$,0(. '( &1/$0'1 /1>>S=5:> 06(5 '$ 24,/(,4$ 76,.,;$CB1 /1=?-= - 4:=- ,&4110'$5 &1/5;519?1 > ;:?P9/5-> 01 85/=::90-> :8: =13@7-= 905/-NT1> =17-?5A-819?1 J> ?-.17-> 1>/:9317-= 1>/:9317-= -<@1/1= :@ /:E594-= -75819?:>
@7?=-/:9317-0:> <@1/1= -75819?:> :E594-= -75819?:> '@31>?T1> ;-=- : 85/=:W:90-> >0',&(
761/A6,&1 '( 241*4$/$5 :8: =13@7-= $=:3=-8-> 01 01>/:9317-NM: $=:3=-8-> ;-=- /:E594-= (/H4,$ !18:=5E-NM: 95/5-= : 8:0: 818S=5- .6(4$4 $ '74$CB1 '1 5,0$. 510141 $076(0CB1 ( .,/2(;$ $=:0@?:> 01 758;1E- "/$ $01/$.,$ 37( )$;(4 55,56E0&,$ !D&0,&$ -0:> ?O/95/:> 06(5 '( .,*$4 1 0181 $2$4(.+1
15- /@50-0:>-819?1 : ;=1>19?1 8-9@-7 01
59>?=@NT1> ;-=- ;:01= @?575E-= : >1@ -;-=174: 01
2:=8- >13@=- 1 /:==1/?-
(&1/(0'$CI(5 '(
5(*74$0C$ ,/2146$06(5
@-=01 18 7:/-7 >13@=: -> 59>?=@NT1> 01 >1=A5N: 101
8:9?-318 '1 : -;-=174: ;->>-= ;-=- @8 9:A: 0:9:
-> =1>;1/?5A-> 59>?=@NT1> 01 >1=A5N: 101 8:9?-318
01A18 >1=W741 ?-8.O8 19?=13@1>
06(5 '$ /106$*(/
1>18.-7-= : -;-=174: 1 175859-= - 18.-7-318 01
8:0: 1/:7S35/:
.,/,0$CB1 (&1.H*,&$
>?1 -;-=174: 1>?K 8-=/-0: 18 /:92:=850-01 /:8 5=1/?5A- =7-?5A- -:> =1>Q0@:> 01
1<@5;-819?:> 17O/?=5/:> 1 171/?=S95/:> B->?1
171/?=5/-7 -90 171/?=:95/ 1<@5;819? W +
05=1/?5A- 1>?-.171/1 : <@-0=: ;-=- - /=5-NM: 01 @8
>5>?18- 01 =1/:74- 1 A-7:=5E-NM: 0:> 1<@5;-819?:>
@>-0:> AK750: 18 ?:0:> :> >?-0:> !18.=:> 0)95M: @=:;15-
$015 '( 64$052146(
C-8591 : -;-=174: 01;:5> 01 : 01>18.-7-= '1
01?1/?-= 0-9:> 01 ?=-9>;:=?1 9M: ;:01 753-= :
-;-=174:
,*$CB1 (.D&64,&$
'1 : /-.: 01 753-NM: 1>?5A1= 0-9525/-0: : 81>8: ?18
01 >1= ?=:/-0: ;:= @8 ?O/95/: 01A50-819?1
<@-7525/-0: 1 59>?=@Q0: ;17: 2-.=5/-9?1 01 8:0: ;=1A195= ;1=53:>
056$.$CB1 ( .,*$CB1
#.>1=A1 -> 59>?=@NT1> 01 8:9?-318 1>;1/5-5>
056$.$CB1 ( .,*$CB1
>?1 -;-=174: 01>?59-W>1 1C/7@>5A-819?1 - @>:
0:8O>?5/:
#.>1=A1 -> 59>?=@NT1> 01 8:9?-318 1>;1/5-5>
# -;-=174: ;:01 >1= 18.@?50: 9@8 -=8K=5: /:8
/8 01 7-=3@=- 9: 8Q958: /:8 /8 01
;=:2@9050-01 1 /8 -/58- 0: 9QA17 0: >:7:
# -;-=174: 1>?K ;=:9?: - 753-= J /:==19?1 1 01A1 >1=
753-0: - @8- ?:8-0- /:8 /:9?-/?: 01 >13@=-9N-
59>?-7-0- 18 /:92:=850-01 /:8 -> 9:=8-> ;=:?1/NM: 2@>QA17 01A1 >1= 01 V-8;1=1>
-@?:8K?5/: :@ ?19>M: 01 =101 01A1
/:==1>;:901= J ?19>M: 5905/-0- 9- ;7-/- 01 ?5;:
59>?-7-NM: 0- ?:8-0- :@ - >@.>?5?@5NM: 0: /-.: 01
753-NM: 01A18 >1= >18;=1 121/?@-0-> ;:= @8
171/?=5/5>?- '1 - 25/4- 9M: 25/-= -/1>>QA17 -;S> 8:9?-318 -<@-90: 0- 59>?-7-NM: 01A1=K 1C5>?5= @8
05>;:>5?5A: >1//5:9-0:= :895;:7-= /:8 @8- 05>?L9/501 /:9?-/?: 9: 8Q958: 01 88
"M: @?575E-= 25/4-> ?=5;7-> 8U7?5;7-> :@ 1C?19>T1> 8
/->: 01 >:.=1/-=3- 1C5>?1 ;1=53: 01 59/P905:
37( '(8( 6(4 (/ $6(0CB1
0',&$CI(5 '(
5(*74$0C$
>?1 -;-=174: 2:5 /:9/1.50: -;19-> ;-=- @>:
0:8O>?5/:
)?575E1 : -;-=174: 1C/7@>5A-819?1 ;-=- - ;=1;-=-NM:
01 -75819?:>
"M: ;:018 @?575E-= : -;-=174: >18 A5357L9/5- :>
-0@7?:> 1 /=5-9N->
/:8 ;=:.718-> 2Q>5/:> >19>:=5-5> 1 819?-5>
:@
<@1 9M: ?194-8 /:941/5819?:> 918 1C;1=5P9/5;-=- @?575E-=18 : -;-=174: 01 2:=8- >13@=- 1
/:==1/?-
5 &4,$0C$5 ( 1
/,&4110'$5
> /=5-9N-> >S 01A18 ;:01= ;=1;-=-= =1215NT1> 9:
85/=::90-> >1 ?5A1=18 >50: 19>59-0-> (P8 01
/:9>13@5= @?575E-= : -;-=174: /:==1/?-819?1 1 01A18
/:8;=11901= :> ;1=53:> ->>59-7-0:> 9-> 59>?=@NT1>
01 @?575E-NM:
> /=5-9N-> <@1 @?575E18 : -;-=174: ?P8 01 1>?-= >:.
A5357L9/5- ;-=- <@1 9M: .=59<@18 /:8 : -;-=174:
06(4,14 '1 )1401 37(06(
.=- - ;:=?- 0: -;-=174: /:8 /@50-0: ;:5> ;:01 >-5=
A-;:= 8@5?: <@19?1 $1=53: 01 <@158-0@=->
$:= ;=59/Q;5: 9M: 015C1 /=5-9N-> -;=:C58-=18W>1 0:
-;-=174:
"@9/- 3@-=01 :.61/?:> 5927-8KA15> 9: -;-=174:
$1=53: 01 59/P905:
"@9/- -.=- - ;:=?- 0: -;-=174: <@-90: 2:= A5>QA17
2@8: 019?=: 0: 81>8: $1=53: 01 <@158-0@=->
1>753@1 : -;-=174: 1>753@1 : 2@>QA17 9- =1>;1/?5A/-5C-
"@9/- 19?-71 /-.:> 01 753-NM: 01 171/?=:0:8O>?5/:>
9- ;:=?- <@19?1 0: -;-=174: # 5>:7-819?: 0: /-.:
;:01 01==1?1= $1=53: 01 /@=?:W/5=/@5?:
146$ 17 8('$06( '$
2146$K'$0,),&$'15
-8-5> @?575E1 : 85/=::90-> <@-90: - ;:=?- :@ :
A10-9?1 0- ;:=?- 1>?5A1=18 0-9525/-0:> C5>?1 :
;1=53: 01 4-A1= 2@3-> 01 191=35- 01 85/=::90->
)?575E1 : -;-=174: -;19-> <@-90: : 81>8: ?5A1= >50:
=1;-=-0:
/%,(06(
-8-5> >@.81?- : -;-=174: - /-7:= :@ 4@850-01
59?19>:> $1=53: 01 /@=?:W/5=/@5?:
,/2(;$ '(),&,(06(
58;1 : -;-=174: /:8 =13@7-=50-01 ": /->: 01 @8758;1E- 0125/519?1 - >@;1=2Q/51 ;:01 >1= 0-9525/-0- 1
: -;-=174: ;:01 1921==@6-= /:8 : ?18;: 191=3501 85/=::90-> >-5 ;-=- : 1C?1=5:=
(2$4$CI(5
> =1;-=-NT1> 5901A50-> >M: ;1=53:>-> $1=53: 01
/4:<@1 17O/?=5/:
'S @8 ?O/95/: 0: '1=A5N: 01 >>5>?P9/5- (O/95/2:=8-0: ;:= 9S> ;:01 ;=:/101= J> =1;-=-NT1>
->: : -;-=174: 1>?16- -A-=5-0: =1?5=1 - 25/4- 0/:==19?1 :@ 01>753@1 : 2@>QA17 9- =1>;1/?5A- /-5C-
4-81 - ->>5>?P9/5- ?O/95/-
-8-5> -.=- - /-5C- 0: -;-=174: # -;-=174: ?=-.-74/:8 -7?- ?19>M: $1=53: 01 /4:<@1 17O/?=5/:
0',&$CI(5 '(
5(*74$0C$ 2$4$
$76,.,;$CB1 '1
/,&4110'$5
4(2$4$CB1 '( $.,/(0615
)?575E1 : 85/=::90-> 1C/7@>5A-819?1 ;-=- ;=1;-=-=
-75819?:> #@?=-> @?575E-NT1> ;:018 >1= ;1=53:>-> 1
:=5359-= 0-9:> ;:= 1C -> -78:2-0-> 01 3=M:> :@ 01
/1=1-5> -<@1/50-> 81>8: ;->>-0-> AK=5-> 4:=->
;:018 59/1905-=W>1
$1=53: 01 59/P905:
> /=5-9N-> >S 01A18 @?575E-= :> -;-=174:> 01
85/=::90-> >1 ?5A1=18 >50: 19>59-0-> > /=5-9N->
?P8 01 /:9>13@5= @?575E-= : -;-=174: 01A50-819?1 1
/:8;=11901= :> =5>/:> =121=50:> 9-> 59>?=@NT1> 01
>1=A5N:
16E0&,$ ( 6(/21 '(
/,&4110'$5
"@9/- =13@71 @8- ;:?P9/5- :@ ?18;: 01 85/=::90->
018->5-0: 171A-0:> #> -75819?:> ;:018
59/1905-=W>1 # -;-=174: ;:01 >1= 0-9525/-0: $1=53:
01 59/P905:
#=519?1W>1 ;17-> 5905/-NT1> 0-0-> ;17-> 59>?=@NT1>
1,C$
"@9/- @?575E1 =1/5;519?1> <@1 9M: >16-8 -01<@-0:>
;-=- 85/=::90->
7:5N- 01 ;:=/17-9- 1 01 /1=L85/- ;:01 ?1= 2@=:>
8@5?: 259:> 9-> ;13-> 1 9-> ?-8;-> $:= ?=K> 01>?->
;1=2@=-NT1> 1>/:901W>1 @8- /-A50-01 4@850-01
<@1 ;:>>- ?1= ;191?=-0: 9- /-A50-01 ;:01 2-E1= /:8
<@1 : =1/5;519?1 =1.19?1 $1=53: 01 21=5819?:>
> =1215NT1> -<@1/50-> 185?18 /-7:= 7:5N- ;:01
25/-= <@19?1 $1=53: 01 <@158-0@=->
&1?5=1 >18;=1 : =1/5;519?1 1 :> -/1>>S=5:> 0: 2:=9:
/:8 @8- ;13-
/%$.$*(05
"@9/- -<@1N- =1215NT1> 019?=: 01 18.-7-319>
;=S;=5-> ;-=- 8-9?1= :> -75819?:> <@19?1> $1=53: 01
59/P905:
"@9/- -<@1N- >18 A5357L9/5- -75819?:> 019?=: 01
=1/5;519?1> 01 ;7K>?5/: 01 ;-;17 :@ 01 8-?1=5-5>
5927-8KA15>
": /->: 01 -75819?:> 18.-7-0:> 41=81?5/-819?1 18.-7-318 ;:01 =1.19?-= $1=53: 01 <@158-0@=->
#=519?1W>1 ;17-> 59>?=@NT1> 9- 18.-7-318 &1?5=1 :>
-75819?:> 01 019?=: 0: 2:=9: @?575E-90: >18;=1 @8;13-
"@9/- >1<@1 -75819?:> 9: 85/=::90-> $1=53: 01
59/P905:
.,/(0615 &1/ %$,91
6(14'( A*7$
"@9/- 01>/:93171 :@ -<@1N- -75819?:> /:8 .-5C:
?1:= 01 K3@- /:8: ;:= 1C ;M: - @8- ;:?P9/5171A-0- :@ 0@=-9?1 8@5?: ?18;: $1=53: 01 59/P905:
(%,'$5
: -<@1/1=W>1 7Q<@50:> ;:01 :/:==1= @8- 1.@75NM:
=1?-=0-0- :@ >16- : 7Q<@50: -7/-9N-= : ;:9?: 01
1.@75NM: >18 <@1 >@=6-8 -> ?Q;5/-> .:74-> 01 A-;:=
->?- @8 8:A5819?: 8-5> .=@>/: 0: =1/5;519?1 ;-=2-E1= /:8 <@1 : 7Q<@50: <@19?1 19?=1
=1;19?59-819?1 18 1.@75NM: :@ >-7;5<@1 $1=53: 01
<@158-0@=->
%@-90: -<@1/1= 7Q<@50:> /:7:<@1 >18;=1 @8/:741= 019?=: 0: =1/5;519?1 >?: 58;105=K - 1.@75NM:
=1?-=0-0-
(&$4 $.,/(0615
"@9/- -<@1N- .1.50-> 18 =1/5;519?1> 21/4-0:>
$1=53: 01 1C;7:>M:
"@9/- 015C1 .1.50-> -7/:S75/-> -<@1/1=18
018->5-0: $1=53: 01 1C;7:>M:
1/,'$ 2$4$ %(%D5
"@9/- -<@1N- /:850- ;-=- .1.O> 18 =1/5;519?1>
21/4-0:> &1?5=1 >18;=1 - ?-8;- :@ - ?1?59-
;S> : -<@1/5819?: 81C- :@ -35?1 .18 1>?1
8:0: : /-7:= 25/- @952:=81819?1 05>?=5.@Q0: $1=53:
01 <@158-0@=->
9?1> 01 0-= : -75819?: J /=5-9N- A1=525<@1 ?18;1=-?@=-
.,/(0615 &1/ &$5&$
172(.(
"M: /:E- :A:> /:8 - /->/- 918 -<@1N- :A:>
/:E50:> /:8 - /->/- >?1> ;:018 =1.19?-=
;-=1/190: @8- 1C;7:>M: >?: -;75/-W>1 ?-8.O8 8-=5>/:> /:8 ;171 :@ /:8 /->/- $1=53: 01
<@158-0@=->
": /->: 01 :A:> 1>?=17-0:> :@ :A:> 18 ?-N-> 01A1=K
;1=2@=-= ;=5815=: - 318-
": /->: 01 -75819?:> /:8 /->/- :@ ;171 =56-
;:=1C8-NM> ?:8-?1> .-?-?-> >-7>5/4-> - ;171
;:01 =1.19?-= 9?1> 0: -<@1/5819?: 01A1=K ;5/-= ;171/->/- 18 AK=5:> ;:9?:>
?.(1 $.,/(06$4
"@9/- -<@1N- S71: -75819?-= >:E594: 9: 85/=::90->
$1=53: 01 59/P905:
2$,0(. '( &1/$0'1
!*&)
#,=, 49/4.,ML: /,>
3:=,> 0 /: ?08;: /0
/@=,ML:
# & )#6!&
# +&'
# $&)/
$$6)!
#* & ,+&$1+!&
')&)$*
# ')&)$*
# & '*&
&+2& )&++!-&
#,=, ,.0=?,= , 3:=, 0
=02@7,= : ?08;: /0
/@=,ML: :@ : ,@?:8J?4.:
/0 ;=:2=,8,>
# +)+ !%5!&
#* * '&+4%!*
$!)&&%*
B,??>
B,??>
B,??>
B,??>
B,??>
&+2& )+,) '&)+
&(55H4,15
4$61 416$6,81
:8: =13@7-= : ;=-?: =:?-?5A:
9?=:0@E5= : >@;:=?1 $ 9: -//5:9-819?: & -:
/19?=: 9: 59?1=5:= 0: 2:=9:
:7:/-= : ;=-?: =:?-?5A: % >:.=1 : >@;:=?1 $
)?575E1 >18;=1 : -;-=174: /:8 : ;=-?: =:?-?5A:
8:9?-0: 1=?525<@1W>1 <@1 : >@;:=?1 >1 19/:9?=/:==1/?-819?1 19/-5C-0: # ;=-?: =:?-?5A: ;:01 =:0-=
;-=- - 05=15?- :@ ;-=- - 1><@1=0-
&(55H4,15 (52(&,$,5
:5N- 01 /:E594-= - A-;:=
#> -/1>>S=5:> 1>;1/5-5> ;:018 >1= -0<@5=50:> 6@9?:
0: '1=A5N: 01 >>5>?P9/5- (O/95/- 905<@1 >18;=1 =121=P9/5- ,
, 06(5 '$ 24,/(,4$ 76,.,;$CB1
1;:5> 01 : -;-=174: >1= 753-0: :@ -;S> @8- 2-74- 01
/:==19?1 17O/?=5/- -/19018W>1 ?=P> E1=:> 9: A5>:=
&(46$4 $ +14$
$-=- -/1=?-= - 4:=- ;=1/5>0-> ?1/7-> <@1 >1 19/:9?=-8
1>/@=-> 9- 253@=-
$=58- - ?1/7- 0: =17S35: ": A5>:= -;-=1/1 4:=-> 1 /1=?1 - 4:=- =:0-90: : .:?M: =:?-?5A:
$=58- - ?1/7- 0: =17S35: # >Q8.:7: <@1 >1 19/:9?=-A- 9: A5>:=
-;-3-W>1
4:=- 6K 2:5 -/1=?-0-
(6,4$4 '1 /1564$'14 $
,0',&$CB1 '$ +14$
$=58- - ?1/7- 0: =17S35: 1 01;:5> ;=58- - ?1/7'?:;
5905/-NM: 25/- 1>/@=-
(,05(4,4 $ ,0',&$CB1 '$
+14$
$=58- - ?1/7- 0: =17S35: ": A5>:= -;-=1/1 /1=?1 - 4:=- /:92:=81
01>/=5?: 9:> ;:9?:> 1 .6(4$4 $ +14$
214 (9 '$ +14$ '( #(4B1
2$4$ $ +14$ '( 08(401
/1=?1 - 4:=- /:92:=81 01>/=5?: 0:> ;:9?:> - ,&4110'$5
":> -75819?:> -> 85/=::90-> >M: ?=-9>2:=8-0-> 18
/-7:= # 85/=::90-> O -01<@-0: ;-=- 01>/:9317-=
-<@1/1= 01==1?1= 1 /:E594-= =-;50-819?1
$:=<@1 9M: 1C;1=5819?- 6K : >1@ 85/=::90-> $:=
1C18;7: -<@1N- @8- /4KA19- 01 K3@- ;-=;=1;-=-= @8 /4K
:7:<@1 019?=: 01 @8- /4KA19- 3=-901 >18
01/:=-NM: 0:@=-0- :@ ;=-?1-0- @8- /:741= 01 /4K
:7:<@1 - /4KA19- /:8 - K3@- 9: ;=-?: =:?-?5A:
$=58- - ?1/7- 0- ;:?P9/5- :8 : .:?M: =:?-?5A: =13@71 ;-=- 859
$=58- - ?1/7- '?-=?
;S> 859@?: 1 >13@90:> :@A1W>1 @8 >59-7
>:9:=: K3@- 1>?K <@19?1
9<@-9?: .1.1 : /4K ;:= 2-A:= 715- :@?=- A1E ->
5905/-NT1> 01 >13@=-9N- 9: 59Q/5: 0: 8-9@-7 01
59>?=@NT1> ;:5> >M: 8@5?: 58;:=?-9?1>
(&,2,(06(
(&,2,(06( $'(37$'1
01<@-0:> >M: :> =1/5;519?1> =1>5>?19?1 -: /-7:= 01
A50=: A5?=:/1=L85/- ;:=/17-9- /1=L85/- :@ ;7K>?5/:
?1=8:==1>5>?19?1 >?1> 8-?1=5-5> >M: ;1=81KA15> J>
85/=::90->
$:01 ?-8.O8 @>-= 7:@N- 01 >1=A5= >>58 9M: ?18 01
8@0-= - /:850- 01 @8 =1/5;519?1 ;-=- :@?=:
'1 - 7:5N- ?5A1= 01/:=-NM: 0:@=-0- :@ ;=-?1-0- >S
01A1=K @?575EKW7- >1 : =1>;1/?5A: 2-.=5/-9?1 5905/-= <@1
- 81>8- O ;=S;=5- ;-=- 85/=::90->
(&,2,(06(5 0B1
$'(37$'15
"M: >M: -01<@-0:> :> =1/5;519?1> 81?K75/:>
# 81?-7 9M: O ;1=81KA17 J> 85/=::90-> #>
-75819?:> ;1=8-91/18 2=5:> 18 =1/5;519?1>
81?K75/:>
?19NM: # 81?-7 ;:= 1C18;7: - /:741= 019?=: 0:
/:;: ?18 01 1>?-= ;17: 819:> - /8 0-> ;-=101>
59?1=5:=1> 0: 85/=::90-> 1 0- ;-=?1 59?1=5:= 0;:=?-A19?@-5> 2-Q>/-> ;:018 0-9525/-= : A50=:
59?1=5:= 0- ;:=?-
!(56( '( .1,C$
"@9/- 753@1 : 85/=::90-> >18 -75819?:> 7K 019?=:
U95/- 1C/1;NM: O : ?1>?1 01 7:5N- - >13@5= 5905/-0:
'1 9M: ?5A1= - /1=?1E- >1 - >@- 7:@N- O :@ 9M:
-;=:;=5-0- ;-=- 85/=::90-> ;:01=K 2-E1= : >13@59?1
?1>?1
:7:<@1 : =1/5;519?1 A-E5: 019?=: 0: -;-=174: 19?=1
H1 859@?: J ;:?P9/5- 8KC58- *1=525<@1 ?18;1=-?@=- # =1/5;519?1 01A1 1>?-= 2=5: :@ 8:=9:
'1 -<@1/1= :@ ;=:0@E5= 2-Q>/-> 9M: O -01<@-0:
5 216E0&,$5 '(
/,&4110'$5
16$
&+4%! $!)&&%*
(, ')
B,??>
,<@0.0= 7P<@4/:>
B,??>
,<@0.0= 0 .:E493,= =0104MS0>
B,??>
.:E493,= .,=90 0 ,<@0.0=
,74809?:> /074.,/:>
B,??>
/0>.:9207,= 0 .:9?49@,= , .:E493,=
B,??>
/0>.:9207,= ,74809?:> >09>PA04>
$:01=K =13@7-= - ;:?P9/5- 01 85/=:W:90-> 01 V+
0@=-9?1 859@?:> + ;-=- @8- 4:=- 1 ->
=1>?-9?1> ;:?P9/5-> ;-=- =1>;1/?5A-819?1 4:=- 1
859@?:>
1/1 4(*7.$4
C18;7:
+
$=58- - ?1/7- 0- ;:?P9/5- 01 85/=::90->
01>16-0-
": A5>:= -/1901W>1 - ;:?P9/5- 01 85/=::90->
=13@7-0- 1 >@=31 - 5905/-NM: 859
:8 : .:?M: =:?-?5A: =13@71 : ?18;: 01 0@=-NM:
$=58- - ?1/7- '?-=?
# ?18;: 01 0@=-NM: /:81N- - 01/:==1= 01 2:=8A5>QA17
6(/21 '( '74$CB1
6(4/,017
':- @8 >59-7 >:9:=: .=- - ;:=?- 0: -;-=174: :@
;=58- - ?1/7- '?:; 5905/-NM: 0-> 4:=-> A:7?- -;-=1/1=
.6(4$4 1 6(/21 '( '74$CB1
7?1=1 : ?18;: 01 0@=-NM: =:0-90: : .:?M: =:?-?5A: 1
A:7?1 - ;=185= - ?1/7- '?-=?
$4$4
$=58- @8- A1E - ?1/7- '?:; :@ -.=- - ;:=?- 0:
-;-=174: 1;:5> 01 21/4-= - ;:=?- A:7?1 - ;=185= ?1/7- '?-=?
07.$4
$=58- 0@-> A1E1> - ?1/7- '?:; :@ -.=- - ;:=?- 1 ;=58@8- A1E - ?1/7- '?:;
16$
$:01 ?-8.O8 =13@7-= ;=5815=: : ?18;: 01 0@=-NM: 1
01;:5> - ;:?P9/5- 01 85/=::90->
!$%(.$5 ( &105(.+15
0',&$CI(5 4(.$6,8$L
/(06( @5 6$%(.$5
"-> ?-.17-> >13@59?1> 19/:9?=-=K 8@5?-> ;:>>5.5750-01>
1 A-7:=1> 01 =13@7-NM: ;-=- -> 85/=:W:90->
#> ?18;:> 5905/-0:> 9-> ?-.17-> >M: A-7:=1>
:=519?-?5A:> >?1> 01;19018 0- 7:5N- @?575E-0- 0<@-750-01 0- ?18;1=-?@=- 1 0-> /-=-/?1=Q>?5/-> 0:>
-75819?:>
"-> ?-.17-> 19/:9?=-8W>1 ;:= A1E1> 5905/-0->
-8;75?@01> 01 ?18;:> '171//5:91 ;=5815=: : ?18;:
819:= 1 ;=:7:93@1W: 01;:5> >1 91/1>>K=5:
$:01 -/:9?1/1= <@1 ?194- <@-9?50-01> 0521=19?1>
0-> 5905/-0-> 9-> ?-.17->
$-=- 5>>: 1C5>?1 @8- =13=- .->1
:.=: 0- <@-9?50-01 W 0:.=: 0: ?18;:
81?-01 0- <@-9?50-01 W 81?-01 0: ?18;:
:7:/-= >18;=1 - 7:5N- >:.=1 : ;=-?: =:?-?5A:
(5&10*(.$4
:7:<@1 : -75819?: /:9317-0: 019?=: 01 @8
=1/5;519?1 01>?-;-0: >:.=1 : ;=-?: =:?-?5A:
: 01>/:9317-= /-=91 -A1> :@ ;15C1 1>/:==1 7Q<@50:
: A5=-= :> -75819?:> =1?5=1 1>?1 7Q<@50: #V81>8:
9M: 01A1 >1= @?575E-0: 918 19?=-= 18 /:9?-/?: /:8
:@?=:> -75819?:>
*5=-= :@ 81C1= :> -75819?:> :@ A1E1> 0@=-9?1 :
?18;: 8-=/-0: > ;1N-> 8-5:=1> 01A18 >1= A5=-0->
05A1=>-> A1E1>
1;:5> 01 01>/:9317-0: 015C1 : -75819?: 01>/-9>-=
J ?18;1=-?@=- -8.519?1 0@=-9?1 W
859@?:>
;-=- - ?18;1=-?@=- >1 @952:=85E-= ": /->: 01 -A1>
;:01 =1?5=-= 19?M: -> 85@01E-> /-=91 ;:01
/:9?59@-= - >1= /:E594-0- 81>8: <@1 -590- ?194@8- ;1<@19- ;-=?1 0: /19?=: /:9317-0-
,%+!
&+4%! $!)&9&%* ++
$'& $!%,+&*
#0M,> /0 .,=90 49?04=,>
/0 A,., ;:=.: A4?07,
.:8 :@ >08 :>>:
2
2
2
* 849 * V 849
* 849 * V 849
* 849 * V 849
,=90 08 ;0/,M:> :@
1,?4,> /0 A,., ;:=.:
A4?07,
2
2
2
* 849 * V 849
* 849 * V 849
* 849 * V 849
: A4=,= , ;0M, >0;,=,= ,>
;,=?0> @8,> /,> :@?=,>
,=90 ;4.,/, 84>?@=,/,
2
2
2
* 849
* 849 * V 849
* 849 * V 849
:92070V, : 8,4> 0>;,78,/,
;:>>PA07 )4=,= AJ=4,> A0E0> 0
=0?4=,= ,> ;,=?0> 5J
/0>.:9207,/,>
A0> :@ ;,=?0> /0 ,A0>
2
2
* 849 * V 849
* 849 * V 849
#04C0
470?0> 7:8-:> /0 ;04C0
;:>?,>
2
* 849 * V 849
02@80> ;:= 0C 0=A473,>
2
* V 849
=@?,
;:= 0C 1=,8-:0>,>
2
2
* V 849
* 849 * V 849
0C0= .:8 .@4/,/: /@=,9?0 ,
/0>.:9207,ML: 0 >0;,=,= ,>
;,=?0> 5J /0>.:9207,/,>
,9?042,
2
2
* 849 * V 849
* 849 * V 849
%0?4=,= ?:?,7809?0 /,
08-,7,208
#L: 49?04=:
2
2
* 849 * V 849
* 849 * V 849
#L: /0 1:=8, I> 1,?4,>
2
2
* V 849
* 849 * V 849
804: /: ?08;: =0?4=,= ,>
1,?4,> 5J /0>.:9207,/,>
:7:> 3T84/:>
;:= 0C -:7:> /0 1=@?,>
-:7:> /0 =0<@045L:
2
2
* 849 * V 849
* 849 * V 849
;09,> ;,=, -:7:> >08
.:-0=?@=, 908 207,?49,
(5&10*(.$4
$37(&(4 17
&1;,0+$4 $.,/(0615
7.64$&10*(.$'15
&+*
&0;,=0 ,> ;,=?0>
/0>.:9207,/,> @8,> /,>
:@?=,>
&1?5=1 : ;=-?: /:921//5:9-0: 0- 18.-7-318 #
-<@1/5819?: 18 7:5N- -01<@-0- ;-=- 85/=:W:90-> O
8-5> =K;50: 1 8-5> @952:=81 75819?:> 0521=19?1>
;:018 -<@1/1= - A17:/50-01> 0521=19?1>
75819?:> .-5C:> /:E594-8 8-5> 01;=1>>- <@1
-75819?:> -7?:> $:= 1>?- =-EM: 05>?=5.@- :> -75819?:>
?M: @952:=81819?1 <@-90: ;:>>QA17 9: =1/5;519?1
"M: >:.=1;:94- -75819?:>
@.=- >18;=1 :> -75819?:> '1 9M: ;:>>@5= @8?-8;- -01<@-0- ;-=- : =1/5;519?1 @?575E1 @8 ;=-?: :@
;17Q/@7- 1>;1/5-7 ;-=- 85/=:W:90->
*5=1 :@ 81C- :> -75819?:> W A1E1>
1;:5> 01 -<@1/1= : ;=-?: 1>;1=1 W 859@?:>
;-=- @952:=85E-= - ?18;1=-?@=-
# >-.:= ;=S;=5: 0:> -75819?:> ;1=8-91/1 59-7?1=-0:
$:= 5>>: 9M: @>1 8@5?: >-7 :@ 1>;1/5-=5->
,%+!
&+4%! $!)&9&%* ++
$'& $!%,+&*
09T ;=,?: .:910..4:9,/:
=0104ML: 08;=,?,/, .:8
V .:8;:909?0>
V2
* V 849
&:;,>
2
* V 849
:E4/:
2
* V 849
,=90 .:8 8:73: ;:= 0C
2@4>,/:
2
* V 849
: 80C0= >0;,=,= :> ;0/,M:>
/0 .,=90
#04C0 ;:= 0C 1470?0>
2
* V 849
&0 90.0>>J=4: ,/4.4:9,= J2@,
>@8: /0 748L: :@ A493:
=,?49,/:> ;:= 0C 7,>,93,
.,907:90>
2
* V 849
.:8;,93,809?:>
==:E 8,>>,>
2
2
* V 849
* V 849
/4.4:9,= @8 ;:@.: /0
7P<@4/:
02@80> ;:= 0C 0=A473,>
-=R.@7:> .09:@=,>
2
2
* V 849
* V 849
:-=4= : 1@9/: /: ;=,?: .:8
J2@,
>;,==02,/:
2
* V 849
:E493,= >08 ,/4.4:9,= J2@,
&+*
37(&(4 $.,/(0615
&1?5=1 : ;=-?: /:921//5:9-0: 0- 18.-7-318 #
-<@1/5819?: 18 7:5N- -01<@-0- ;-=- 85/=:W:90-> O
8-5> =K;50: 1 8-5> @952:=81 75819?:> 0521=19?1>
;:018 -<@1/1= - A17:/50-01> 0521=19?1>
'18;=1 <@1 -<@1/1= 7Q<@50:> 01A1=K 59?=:0@E5= @8/:741= 01 /-2O 9: =1/5;519?1 ;-=- 1A5?-= : -?=->: 01.@75NM: ": /->: 01 @8- 1.@75NM: =1?-=0-0- ?18;1=-?@=- 01 1.@75NM: O -?59350- >18 <@1 >1
2:=818 -> .:74-> 01 A-;:= /-=-/?1=Q>?5/-> ;19->
/:8 @8 8:A5819?: 8-5> .=@>/: 0: =1/5;519?1 :
7Q<@50: <@19?1 ;:01 19?=-= =1;19?59-819?1 18
1.@75NM: :@ >-7;5/-= >?: ;:01 /-@>-= 21=5819?:> 1
<@158-0@=->
@.=- >18;=1 :> -75819?:> '1 9M: ;:>>@5= @8?-8;- -01<@-0- ;-=- : =1/5;519?1 @?575E1 @8 ;=-?: :@
;17Q/@7- 1>;1/5-7 ;-=- 85/=:W:90->
!1C- :@ A5=1 AK=5-> A1E1> :> -75819?:> :9?=:71 ?18;1=-?@=-
1;:5> 01 -<@1/1= : ;=-?: 1>;1=1 W 859@?:>
;-=- @952:=85E-= - ?18;1=-?@=-
,%+!
&+4%! $!)&9&%* ++
$'& $!%,+&*
&+*
09T ;=,?:
.:910..4:9,/: =0104ML:
08;=,?,/,
V.:8;:909?0>
V 2
* V 849
0-4/,>
87
87
87
* V 849
* V 849
* V 849
9?=:/@E4= @8, .:730= 9:
=0.4;409?0 !L: ,<@0.0=
/08,>4,/: -0-4/,> ,7.:R74.,>
:9?=:7,= AJ=4,> A0E0>
74809?:> ;,=, -0-N> ;:=
0C -4-0=:9> /0 704?0
87
87
87
* H 849
* H V 849
* V 849
&08 ?,8;, 908 ?0?49, 0;:4>
/0 ,<@0.0= ,24?,= 8@4?: -08
)0=414.,= >08;=0 ,
?08;0=,?@=, ,9?0> /0 /,= I
.=4,9M,
,%+!
&+4%! $!)&9&%* ++
$'& $!%,+&*
?4207,
?4207,>
2
2
* V 849
* V 849
,=90 .:8 8:73:
2
* V 849
:E4/:
2
2
* V 849
* V 849
02@80> /:>0
/:>0>
2
2
* V 849
* V 849
&:;,
1;,0+$4 $.,/(0615
&+*
&0;,=,= ,> 1,?4,> /0 .,=90
/4.4:9,= @8 ;:@.: /0
7P<@4/:
:E5941 :> -75819?:> 019?=: 01 7:5N- ?-;-0-
!1C-W:> :@ A5=1W:> AK=5-> A1E1>
# >-.:= ;=S;=5: 0:> -75819?:> ;1=8-91/1 59-7?1=-0:
$:= 5>>: 9M: @>1 8@5?: >-7 :@ 1>;1/5-=5->
75819?:> .-5C:> /:E594-8 8-5> 01;=1>>- <@1
-75819?:> -7?:> $:= 1>?- =-EM: 05>?=5.@- :> -75819?:>
?M: @952:=81819?1 <@-90: ;:>>QA17 9: =1/5;519?1 '1
;:>>QA17 9M: >:.=1;:94- -75819?:>
1;:5> 01 /:E594-0: 015C1 : ;=-?: 1>;1=-=
W859@?:> ;-=- @952:=85E-= - ?18;1=-?@=-
,%+!
&+4%! $!)&9&%* ++
$'& $!%,+&*
&+*
=,92: 49?04=: >08
84T/:> 1=0>.:
2
* V 849
)4=,= , 804: /: ?08;:
470?0> /0 ;04C0 1=0>.:>
2
* V 849
02@80> 1=0>.:>
2
2
* V 849
* V 849
:=?,= :> 702@80> 08
;0/,M:> /: 80>8: ?,8,93:
#,=, .,/, 2 /0 702@80>
,/4.4:9,= V .:730=0> /0
>:;, /0 J2@,
,%+!
&+4%! $!)&9&%* ++
$'& $!%,+&*
&+*
.:8;,93,809?:>
;:=0C -,?,?,>
2
2
2
* V 849
* V 849
* V 849
==:E
2
* V * V 849
* V * V 849
:=?,= ,> -,?,?,> 08 ;0/,M:>
/: 80>8: ?,8,93: /4.4:9,=
.0=., /0 .8 /0 ,7?@=, /0
J2@, 9: =0.4;409?0 80C0=
/4.4:9,= : /:-=: /,
<@,9?4/,/0 /0 7P<@4/:
2
74809?:> /:.0> ;:= 0C
;@/48 49>?,9?K90:
1=@?, .:8;:?,
87
2
* V 849
* V 849
0C0= : ;@/48 V A0E0>
8@4?: -08 .:8 ,> A,=,> /0
,=,80>
7*(56I(5 2$4$ 1
/,&41L10'$5
2& %&%+) (,#(,) !%!32&
),#32& ') (,%+! #!$%+&* ')')&*
#=:7:92@0 :@ =0/@E, :> ?08;:> /0 .:E0/@=, /0 ,.:=/: .:8 ,
>02@49?0 1R=8@7,
:-=: /, <@,9?4/,/0 <@,>0 : /:-=: /: ?08;:
0?,/0 /, <@,9?4/,/0 80?,/0 /: ?08;:
&$! !&, $,!+& *
, ;=RC48, A0E =02@70 @8 ?08;: /0 .:E0/@=, 4910=4:= :@
>070..4:90 @8, ;:?O9.4, /0 84.=:V:9/,> 4910=4:= ',;0 ,
.:84/, 0 ,/4.4:90 8,4> 7P<@4/:
&))!& & +$'& ),#& &$! !% %2& *+1
*&%# (,%+ &,
&0!% %02@70 @8 ?08;: >@;0=4:= $@,9?4/,/0> 8,4:=0> 0 ,74809?:>
8,4> 0>;0>>:> /08:=,8 8,4> ?08;: , .:E493,=
&))!& & +$'& &0,)
),#& )!32& *+1 &0! $!* %&* &)&* $* %& %+)&
!% %2& *+1 ')&%+
0C, , =0104ML: /0.:==4/: .0=., /0 80?,/0 /: ?08;: 0 /,
;=RC48, A0E >070..4:90 @8, ;:?O9.4, 4910=4:= 0 @8, /@=,ML:
>@;0=4:=
'6* *&%#32& - &, )% *+2& &0!% * %*
.+)$!* $* %& %+)& !%
%2& *&%#)$
, ;=RC48, A0E >070..4:90 @8, ;:?O9.4, /0 84.=:V:9/,> 8,4>
-,4C, )4=0 AJ=4,> A0E0> : ;=:/@?: , /0>.:9207,= .,>: >0 ?=,?0
/0 2=,9/0> <@,9?4/,/0>
: /0>.:9207,= .,=90 ,A0> :@ ;04C0 0>.:==0 7P<@4/: : A4=,=
:> ,74809?:> =0?4=0 0>?0 7P<@4/: "U80>8: 9L: /0A0 >0=
@?474E,/: 908 09?=,= 08 .:9?,.?: .:8 :@?=:> ,74809?:>
0',&$CB1
": A50=: 0- ;:=?- 9-> ;-=101> 59?1=5:=1> 1 9: 2@90:
;:01 2:=8-=W>1 K3@- /:9019>-0- >>: O 9:=8-7 1
9M: ;=16@05/- : 2@9/5:9-819?: 0: 85/=:W:90->
1;:5> 01 /:E594-= 758;1 - K3@- /:9019>-0- /:8
@8 ;-9:
761/A6,&1 '( 241*4$/$5
# -@?:8K?5/: 01 ;=:3=-8-> ;1=85?1W741 01 2:=88@5?: >58;71> 01>/:9317-= -75819?:> 1 ;=1;-=-=
=1215NT1> /:8 =-;501E 1 >18 ;=:.718->
# >1@ 85/=::90-> 05>;T1 01 ;=:3=-8->
-@?:8K?5/:>
"-> ?-.17-> ;-=- /-0- ;=:3=-8- 19/:9?=- :>
-75819?:> -01<@-0:> 1 - =1>;1/?5A- 3-8- 01 ;1>:
$:01 =13@7-= <@-7<@1= ;1>: 019?=: 0- =1>;1/?5A3-8-
1/1 4(*7.$4
$=58- - ?1/7- $ -> A1E1> 91/1>>K=5-> -?O
-;-=1/1= : 9U81=: 0: ;=:3=-8- 01>16-0:
$=58- - ?1/7- ": A5>:= -/1901W>1 - 5905/-NM: $ 1 O >@31=50:
@8 A-7:= ;-=- : ;1>:
&13@71 : ;1>: 0:> -75819?:> /:8 : .:?M: =:?-?5A:
$=58- - ?1/7- '?-=?
# ?18;: 01 0@=-NM: 0: ;=:3=-8- /:81N- - 01/:==1=
01 2:=8- A5>QA17
!(4/,0$'1 1 6(/21
':- @8 >59-7 >:9:=: # -;-=174: 01>753-W>1
$=58- - ?1/7- '?:; :@ -.=- - ;:=?-
144(&CB1
$=58- 0@-> A1E1> - ?1/7- '?:; 1 ;=:/10- 9:A-819?1
J =13@7-NM:
$4$4
.=- - ;:=?- 0: -;-=174: 1;:5> 01 21/4-= - ;:=?-
A:7?1 - ;=185= - ?1/7- '?-=? # 2@9/5:9-819?:
/:9?59@-
07.$4
$=58- 0@-> A1E1> - ?1/7- '?:;
16$5
8 -73@9> ;=:3=-8-> 01;:5> 01 @8 01?1=859-0:
?18;: :@A1W>1 @8 >59-7 >:9:=: .=- - ;:=?- 0:
-;-=174: 1 81C- :> -75819?:> :@ A5=1 - /-=91 :@ -A1
1/41 - ;:=?- 1 ;=58- 9:A-819?1 - ?1/7- '?-=?
$-=- /:9>@7?-= : 9U81=: 0: ;=:3=-8- :@ : ;1>:
;=58- - ?1/7- $ :@ - ?1/7- =1>;1/?5A-819?1 #
A-7:= <@1 ;=1?1901 /:9>@7?-= -;-=1/1 9: A5>:= 0@=-9?1
>13@90:>
41*4$/$5 '(
'(5&10*(.$CB1
4(2$4$4 15 $.,/(0615
#> ;=:3=-8-> 01 01>/:9317-NM: ;1=85?18W741
01>/:9317-= /-=91 -A1> 1 ;M:
'1 ;:>>QA17 @?575E1 -75819?:> ;7-9:> 1 18 ;:=NT1>
5905A50@-5> /:9317-0:> 1 -=8-E19-0:> - WG
&1?5=1 :> -75819?:> - 01>/:9317-= 0- 18.-7-318 1
;1>1W:> # ;1>: O 91/1>>K=5: ;-=- =13@7-= :
;=:3=-8-
1,C$
:7:<@1 :> -75819?:> >:.=1 @8 ;=-?: =->: ;=S;=5:
;-=- 5= -: 85/=:W:90-> ;:= 1C @8 ;=-?: 18 A50=: :@
7:5N- 1 9M: : ?-;1
!(/21 '( 4(21751
#> -75819?:> 01>/:9317-0:> 01A18 =1;:@>-=
0@=-8?1 W
859@?:> ;-=- @952:=85E-= ?18;1=-?@=-
$10-N:> 01 /-=91 8@5?: 3=-901> =1<@1=18 @8
?18;: 01 =1;:@>: 8-5> 7:93: <@1 :> ;10-N:>
;1<@19:> > ;1N-> ;7-9-> 1 - /-=91 ;5/-0- 01A18
>1= >1;-=-0-> -9?1> 01 =1;:@>-=
1;:5> ;:01 /:9?59@-= - ;=:/1>>-= :> -75819?:>
81>8: <@1 :> ;10-N:> 01 /-=91 8-5:=1> -590?194-8 : /19?=: /:9317-0: ": /->: 0-> -A1> ;:01
=1?5=-= 19?M: -> AQ>/1=->
,0$.
6(0CB1
8 -73@9> ;=:3=-8-> 01;:5> 01 @8 01?1=859-0:
?18;: :@A1W>1 @8 >59-7 >:9:=: .=- - ;:=?- 0:
-;-=174: 1 81C- :> -75819?:> :@ A5=1 - /-=91 :@ ->
-A1> 1/41 - ;:=?- 1 ;=58- 9:A-819?1 - ?1/7- '?-=?
: 01>/:9317-= /-=91 :@ -A1> 1>/:==1 7Q<@50: >?1
7Q<@50: 9M: 01A1 >1= @?575E-0: 918 19?=-= 18 /:9?-/?:
/:8 :@?=:> -75819?:>
#!$%+&*
8$)& & ')&)$
$ '*&
.,=90 ;4.,/,
# V
62
;0/,M:> /0 .,=90 ;7,9:>
# V
62
1=,92:
# V
62
#L:
# V
62
41*4$/$5 2$4$
&1;,0+$4
:8 :> ;=:3=-8-> ;-=- /:E594-= ;:01 /:E594-=
-==:E .-?-?-> 1 713@81>
1,C$
:E5941 :> -75819?:> 9@8- ;=-?: 01 7:5N- /:8
?-8;- -01<@-0: ;-=- 85/=:W:90-> $-=- /:E594-=
-==:E @?575E1 @8 =1/5;519?1 3=-901 1 2@90:
4(2$4$4 15 $.,/(0615
$1>1 :> -75819?:> >?- 592:=8-NM: O 91/1>>K=5- ;-=;-=- =13@7-= : ;=:3=-8-
==:E "M: @?575E1 -==:E 18 >-<@594:> ;-=- /:E1=
05/5:91 - <@-9?50-01 01 K3@- 91/1>>K=5- 01 -/:=0:
/:8 -> 5905/-NT1> 0- 18.-7-318 ":=8-7819?1 O
19?=1 : 0:.=: 1 : ?=5;7: 0- <@-9?50-01 01 -==:E
-?-?-> $-=- 2-E1= .-?-?-> >18 ;171 /:=?1 -> .-?-?->
2=1>/-> 18 ;10-N:> ;1<@19:> 1 @952:=81> $:= /-0
3 01 .-?-?-> >18 ;171 -05/5:91 @8-/:741= 01
>:;- 01 K3@- 1 @8 ;:@/: 01 >-7
13@81> 2=1>/:> $1>1 :> 713@81> 2=1>/:> 758;:>
:=?1 :> 713@81> 18 ;10-N:> ;1<@19:> 1
@952:=81> $:= /-0- 3 01 713@81> -05/5:91 @8/:741= 01 >:;- 01 K3@-
,0$.
!(/21 '( 4(21751
9<@-9?: : ;=:3=-8- 01/:==1 -;S> -73@8 ?18;:
>:- @8 >59-7 >:9:=: !1C- :> -75819?:>
1;:5> 01 ?1=859-0: : ;=:3=-8- 81C- 9:A-819?1
:> -75819?:> $-=- @952:=85E-= - ?18;1=-?@=- :>
-75819?:> 01A18 =1;:@>-= W
859@?:>
#> =1>@7?-0:> 0- /:E10@=- 01;19018 0->
/-=-/?1=Q>?5/-> 1 0- <@-750-01 0:> -75819?:>
#!$%+&*
8$)& & ')&)$
$ '*&
==:E
# V62
,?,?,>
# V
62
02@80>
# V
62
(/H4,$
:8 - 818S=5- ;:01 17-.:=-= : >1@ ;=S;=5:
;=:3=-8- 818S=5- O 8@5?: U?57 <@-90: /:E594- @8
01?1=859-0: ;=-?: /:8 1>;1/5-7 2=1<@P9/5- $:01
818:=5E-= - >@- =13@7-NM: 1 -/101= - 17- 18
<@-7<@1= 8:819?: ;-=- A:7?-= - @?575EKW7-
(/14,;$CB1
C18;7:
+ 859@?:>
$=58- - ?1/7- !
": A5>:= -/1901W>1 - 5905/-NM: !
$=58- - ?1/7- 0- ;:?P9/5- 01 85/=::90->
01>16-0-
": A5>:= O ;:>>QA17 A5>@-75E-= - 5905/-NM: ! ;:?P9/5- >171//5:9-0- 1 859
:8 : .:?M: =:?-?5A: =13@71 : ?18;: 01 0@=-NM:
:925=81 /:8 - ?1/7- !
5905/-NM: 0-> 4:=-> A:7?- - -;-=1/1=
=13@7-NM: 1>?K 818:=5E-0-
$:01 ?-8.O8 121/?@-= - 818:=5E-NM: 1 /:7:/KW77:3: 18 2@9/5:9-819?: ": 259-7 9M: ;=58- - ?1/7! ;=58- - ?1/7- '?-=?
16$5
"M: ;:01 818:=5E-= AK=5-> ;:?P9/5-> 01 85/=::90->
>13@50->
"M: ;:01 818:=5E-= ;=:3=-8-> -@?:8K?5/:>
&1/:9253@=-= - 818S=5-
$=58- - ?1/7- ! ;-=1/18 -> =13@7-NT1> -9?53->
$=:/10- J 818:=5E-NM: 0: 9:A: ;=:3=-8- /:92:=81
01>/=5?: 01 - 0,&,$4 1 /1'1
/(/H4,$
$:01 2-/57819?1 0-= 59Q/5: -: ;=:3=-8- 818:=5E-0:
:7:<@1 : ;=-?: 019?=: 0: -;-=174: 1/41 - ;:=?- 0:
2:=9:
$=58- - ?1/7- !
;-=1/18 -> =13@7-NT1> 818:=5E-0->
$=58- - ?1/7- '?-=?
# ?18;: 01 0@=-NM: /:81N- - 01/=1>/1= 01
2:=8- A5>QA17 9: A5>:=
6(/21 '( '74$CB1
6(4/,017
':- @8 >59-7 >:9:=: # -;-=174: 01>753-W>1 .=- ;:=?- 0: -;-=174: :@ ;=58- - ?1/7- '?:;
$4$4
.=- - ;:=?- 0: 2:=9: 1;:5> 01 21/4-= - ;:=?- A:7?1
- ;=185= - ?1/7- '?-=? # 2@9/5:9-819?: /:9?59@-
07.$4 $ 4(*7.$CB1
$=58- 0@-> A1E1> - ?1/7- '?:; :@ -.=- - ;:=?- 0:
-;-=174: 1 ;=58- @8- A1E - ?1/7- '?:;
.6(4$4 $ '74$CB1 '1 5,0$. 510141
%@-90: : -;-=174: >1 01>753- :@A1W>1 @8 >59-7
>:9:=: $:01 -7?1=-= - 0@=-NM: 0: >59-7 >:9:=:
$-=- 5>>: ;=58- - ?1/7- '?-=? 0@=-9?1 /1=/- 01
>13@90:>
9:A- 0@=-NM: 0: >59-7 >:9:=: O -/?5A-0- 5905/-NM: 0-> 4:=-> A:7?- - -;-=1/1=
$:>>5.5750-01>
'59-7 >:9:=: 01 /@=?- 0@=-NM: ?:<@1>
'59-7 >:9:=: 01 7:93- 0@=-NM: ?:<@1>
$076(0CB1 ( .,/2(;$
"@9/- @>1 758;-0:=1> 01 -7?- ;=1>>M: :@ 6-/?:> 01
A-;:= $1=53: 01 /@=?:W/5=/@5?:
"@9/- @?575E1 ;=:0@?:> 01 758;1E- -3=1>>5A:> :@
-.=->5A:> $:018 0-9525/-= - >@;1=2Q/51 '1 @8
;=:0@?: 01>?1> -?5935= : ;-5917 05-9?15=: 758;1W: 01
58105-?: /:8 K3@-
41'7615 '(
.,/2(;$
.+)!&) & ')# &
&$ )%+ 3& !%&.
&:7@ML: /0 J2@, 0 /0?0=209?0 >0<@0 .:8 @8 ;,9: 8,.4:
#=:/@?: /0 748;,= A4/=:> >@,A0 48;0 ,> >@;0=1P.40> .:8 @8
;,9: /0 748;,= A4/=:> 8,.4: :@ @8 ;,9: /0 84.=:14-=, <@0 9L:
7,=2, ;O7:> >08 0C0=.0= ;=0>>L:
&:7@ML: /0 J2@, 0 /0?0=209?0 >0<@0 .:8 @8 ;,9: 8,.4:
,> 8,9.3,> /0 .,7.J=4: 2:=/@=, ,84/: 0 .7,=, /0 :A: /0A08
>0= =08:A4/,> /0 480/4,?:
!: &0=A4M: /0 >>4>?O9.4, 'N.94., :@ 9: .:8N=.4:
0>;0.4,74E,/: ;:/08 >0= ,/<@4=4/:> ;=:/@?:> 0>;0.4,4> ;,=, ,
748;0E, /0 ,M: 49:C
%+)!&) & $!)&&%*
&:7@ML: /0 J2@, <@09?0 0 /0?0=209?0 :@ A49,2=0 /47@P/: 08
J2@, >0<@0 -08 .:8 @8 ;,9: 8,.4:
%+)!&) & $!)&&%* $ 3&
!%&.!1-#
!L: @?474E0 748;,V1:=9:> ;@7A0=4E,/:=0> 908 :@?=:> ;=:/@?:>
748;,V1:=9:> ,2=0>>4A:> :@ ;=:/@?:> ,-=,>4A:> ',8-N8 9L: N
,/0<@,/: @?474E,= 0>1=02S0> /0 ;,73, /0 ,M: 0>1=02S0> J>;0=:>
908 0>1=02S0> .:8 >,7A,V@93,> >?0> ;=:/@?:> =4>.,8 ,
>@;0=1P.40
%+
&:7@ML: /0 J2@, <@09?0 0 /0?0=209?0
!)&* '&)+
#=:/@?: 748;,VA4/=:>
"/$ $01/$.,$ 37( )$;(4
> -9:8-75-> >M: 8@5?-> A1E1> >58;71> 01 =1>:7A1=
9?1> 01 /4-8-= - ->>5>?P9/5- ?O/95/- ;:= 2-A:=
?194- 18 -?19NM: -> >13@59?1> =1/:8190-NT1>
%&$#!
,* '&**5-#
&$%37*!%!37* '&!&
" ,;,=073: 9L: [email protected]:9,
14.3, 9L: 0>?J 742,/, I
.:==09?0
9.,4C0V, 9, ?:8,/,
,73, /0 .:==09?0
)0=414<@0 >0 , 7K8;,/, /, .:E493,
,.09/0
,73, 9: /4>;:>4?4A: /0
>02@=,9M,
)0=414<@0 9, .,4C, /0 1@>PA04> >0 :
1@>PA07 .:==0>;:9/09?0 ,: ,;,=073: 0>?J
08 -:,> .:9/4MS0>
(?474E,ML: 49.:==0.?,
0>742@0 9, .,4C, /0 1@>PA04> : 1@>PA07
.:==0>;:9/09?0 ,: ,;,=073: 0 A:7?0 ,
742JV7: ,;R> >02@9/:>
,73, /0 .:==09?0
.0=?0 9:A,809?0 , 3:=,
!: A4>:= 0>?L: ?=O> E0=:>
,.0>:>
%&$#!
,* '&**5-#
&$%37*!%!37* '&!&
" ,;,=073: 9L: 0>?J 08
[email protected]:9,809?: " A4>:=
,;=0>09?,
;
@8 ?08;:
; /0
/
/@=,ML:
L
" -:?L: =:?,?4A: 1:4
49,/A0=?4/,809?0
,..4:9,/:
#=48, , ?0.7, &?:;
0;:4> /, =02@7,ML: ,
?0.7, &?,=? 9L: 1:4 ;=084/,
#=48, , ?0.7, &?,=? :@ ,9@70 , =02@7,ML:
.:8 , ?0.7, &?:;
" 84.=::9/,> 9L: [email protected]:9,
;:=?, 9L: 1:4 -08
10.3,/,
)0=414<@0 >0 3J =0>?:> /0 .:84/, :@
<@,7<@0= .:=;: 0>?=,93: , ;=09/0= ,
;:=?,
?0.7, &?,=? 9L: 1:4
;=084/,
#=48, , ?0.7, &?,=?
"> ,74809?:> /08:=,8 8,4> , :4 =02@7,/, @8, ;:?O9.4,
,<@0.0= /: <@0 ,9?0>
/0 84.=::9/,> /08,>4,/:
-,4C,
:4 49?=:/@E4/, 9: ,;,=073:
@8, <@,9?4/,/0 /0
,74809?:>>@;0=4:= ,:
9:=8,7
&070..4:90 @8, ;:?O9.4, /0
84.=::9/,> 8,4> 070A,/,
:-=: /, <@,9?4/,/0 /:-=: /:
?08;:
"> ,74809?:> 0>?,A,8 8,4>
0C, :@ A4=0 :> ,74809?:> , 804: /:
1=4:> /: <@0 : 9:=8,7
?08;:
" ;=,?: =:?,?4A: 1,E @8 =@P/:
/0 ,==,93,= :@ ,==,>?,=
&@54/,/0 :@ @8 .:=;:
0>?=,93: 9, E:9, /,
@94/,/0 ;=:;@7>:=, /:
;=,?: =:?,?4A:
48;0 : ,907 =:?,?4A: 0 , .,A4/,/0 /:
84.=::9/,>
" 84.=::9/,> /04C, /0
[email protected]:9,= >08 8:?4A:
,;,=09?0
" 84.=::9/,> ?08 @8,
,A,=4,
&0 0>?0 0==: >0 =0;0?4= .:9?,.?0 :
>0=A4M: /0 ,>>4>?O9.4, ?N.94.,
5 4(2$4$CI(5 '(8(4B1 $2(0$5 5(4 ()(&67$'$5
214 6D&0,&15 (52(&,$.,;$'15 '1 5(48,C1 '(
$55,56E0&,$ 6D&0,&$ '1 : -;-=174: 2:=
5901A50-819?1 =1;-=-0: ;:01=K /:==1= 3=-A1> =5>/:>
55,56E0&,$ !D&0,&$
'1 : >1@ -;-=174: ?5A1= <@1 >1= =1;-=-0: 19?M: :>
9:>>:> '1=A5N:> (O/95/:> 1>?M: -: >1@ 05>;:= "75>?- ?1712S95/- 19/:9?=-=K : 1901=1N: 1 : 9U81=: 01
?1712:91 0: $:>?: 01 >>5>?P9/5- 8-5> ;=SC58: #>
19?=:> 01 >>5>?P9/5- (O/95/- ?-8.O8 741 ;:018
5905/-= : $:>?: 01 >>5>?P9/5- (O/95/- 8-5> ;=SC58:
0- >@- K=1- 01 =1>50P9/5-
J/(41 ( J/(41 905<@1 >18;=1 -:> '1=A5N:> (O/95/:> : 9U81=: 01
;=:0@?: "G 1 : 9U81=: 01 2-.=5/: "G 0: >1@
-;-=174: ;7-/- 01 5019?525/-NM: 01 ?5;: 19/:9?=-W>1
J 05=15?- <@-90: >1 -.=1 - ;:=?- 0: 2:=9: $-=- <@1
18 /->: 01 -A-=5- 9M: ?194- 01 ;=:/@=-= 8@5?:
59?=:0@E- -<@5 :> 0-0:> 0: >1@ -;-=174:
!G !G >>4>?O9.4, 'N.94., $'15 6D&0,&15
74809?,ML: /0 .:==09?0
V ) E
#:?O9.4, .:90.?,/, ?:?,7
*
#:?O9.4, /0 84.=:V:9/,>
*
=0<@O9.4,
E
0/4/,> C C #
V ;,=073:
CC .8
V 9?0=4:= /: 1:=9:
CC .8
#0>:
62
'0>?,/: ;07, )
>>:.4,ML:
/:> 070.?=:?N.94.:> ,708L0>
&48
&P8-:7: &48
>?1 -;-=174: >-?5>2-E - 9:=8- " :@
'$&
I @8 ;=:0@?: 0: 3=@;: /7->>1 # 2-/?: 01 ;1=?19/1= -: 3=@;: >539525/- <@1 ->
85/=::90-> >M: @?575E-0-> ;-=- -<@1/1= -75819?:>
/7->>1 >539525/- <@1 : -;-=174: 2:5 /:9/1.50: ;-=@>: 0:8O>?5/:
=5 A5 2K9H9 GHC @5794E9@5 H;A 48=5 8=5G>285G; NDMF >5=
GHC J57;HN
V[STOefW bScS\S]o SgfPd f[d aVYURWd icQeYd KmfW ^bacWRfW
_S W\^WfS]]WgfWRfW m]S fS fWi_[\O b]Wa_W\fQ^SfS fag
eg^bSUand hanc_ag ^[\ca\gÔfk_
?Vo ZS TcWRfW eY^S_f[\Pd b]YcahacRWd U[S fY_ SehO]W[S BS
U_kcReWfW fS V[OhacS ^PcY fYd \S[_ancU[Sd eSd ege\WgQd
?bReYd eSd VWRi_ag^W TQ^S bcad TQ^S bod bcPbW[ _S
cgZ^RXWfW <gfm WR_S[ ba]n Sb]m
Jfagd bR_S\Wd ZS TcWRfW U[S ba]]O eg_YZ[e^P_S hSUYfO f[d
f[^Pd cnZ^[eYd \S[ fS WbRbWVS ^SUW[cP^Sfad :]S
Va\[ÔefY\S_ efa V[\m ^Sd WcUSefQc[a ^SUW[c[\Qd
CS[ eW bWcRbfkeY bag bScage[SefWR \ObafW ^[S T]OTY WVo
ZS TcWRfW b]YcahacRWd ^W ba[a fcmba ^bacWRfW _S
S_f[^WfkbReWfW ^m_a[Wd eSd f[d ^[\cPd T]OTWd
8_Sd ]Wbfa^WcQd \SfO]aUad bWc[Wia^P_k_ eSd TaYZO _S
TcWRfW UcQUacS Sgfm bag jOi_WfW
CS[ focS \S]Q mcW`Y
*4A5>5F D9E=9KC@2AMA
*E=A H; GOA89G; H;F >5=ACOE7=5F GIG>9I3F Hc[_ fa_ W_fa[i[e^m -CDC<2H;G; >5= GOA89G; -= DE2D9= A5 DECG2K9H9 LbaVWR`W[d SehS]WRSd LbaVWR`W[d SehS]WRSd U[S fYicQeY
fag hanc_ag ^[\ca\gÔfk_ -C D984C K9=E=G@CO KS W`ScfQ^SfS *E=A H;A DEPH; KE3G; InZ^[eY fYd ocSd -5 @=>EC>O@5H5 DSUW[c[\m e\Wnad G[ [eiWRd ^[\ca\gÔfk_ 8fe[ cgZ^RXWfW LbaVWR`W[d U[S fagd bR_S\Wd FWbOUk^S FWbOUk^S XPefS^S Q ^SUWRcW^S
\SfWjgU^P_k_ hSUYfo_ @PefS^S hSUYfo_ DSUWRcW^S hSUYfo_ Jg^Tag]Pd eiWf[\O ^W fS ^[\ca\n^SfS *4A5>5F D9E=9KC@2AMA
IHN@5HC GOGH;@5 DEC7E5@@1HMA 8fe[ cgZ^RXWfW HcaUcO^^SfS `WbSUo^Sfad HcaUcO^^SfS ^SUW[cP^Sfad <baZQ\WgeY (+-05 ?\\R_YeY (+-05 ??573 H;F 8=1E>9=5F HCI G3@5HCF /ECAH485 >5= >5<5E=G@NF L][\O \SZSc[eân -= DE2D9= A5 >1A9H9 G9 D9E4DHMG; 6?16;F .D;E9G45 H9KA=>3F 9BID;E2H;G;F D9?5HPA :ca[ WUUnYeYd KWi_[\O efa[iWRS *E=A H; GOA89G; H;F >5=ACOE7=5F
GIG>9I3F
,;@5AH=>2F IDC894B9=F
5GJ5?945F
>[STOefW bScS\S]o bcaeW\f[\O SgfPd f[d aVYURWd
icQeYd Dm_a fmfW ^bacWRfW _S iW[c[efWRfW fY ege\WgQ
eRUagcS \S[ ekefO
Mg]O`fW \S]O f[d aVYURWd icQeYd \S[ fabaZPfYeYd JW
bWcRbfkeY bag bScSikcQeWfW fY ege\WgQ eW fcRfa
bScS\S]WReZW _S VoeWfW ^SXR \S[ f[d aVYURWd icQeYd
\S[ fabaZPfYeYd
*E=A HCA
9AHC=K=G@N
DNGIEG; GO@JMA5 @9
HCIF >5ANA9F
DECGH5G45F HCI
D9E=61??CAHCF
<hS[cPefW fY ege\WgQ Sbm fY ege\WgSeRS \S[
SbaencWfW fY ege\WgSeRS en^hk_S ^W fagd \S_m_Wd
bcaefSeRSd fag bWc[TO]]a_fad
<gfQ Y ege\WgQ iScS\YcRXWfS[ en^hk_S ^W fY_
WgckbSl\Q aVYURS bWcR Y]W\fc[\o_ \S[
Y]W\fca_[\o_ ege\Wgo_ 4%12( (*(&20)&%* %,' (*(&20-,)&
(/3).+(,2 q #
A aVYURS bca\SZacRXW[ fS b]SRe[S U[S ^[S SbmegceY
\S[ S`[abaRYeY fk_ bS][o_ ege\Wgo_ ^W [ein e m]Y
fY_ #;@=2F @9H5JCE1F
DWfO fY_ ShSRcWeY Sbm fY ege\WgSeRS W]PU`fW fY
ege\WgQ JW bWcRbfkeY XY^[Od \SfO fY ^WfShacO VW_
Wb[fcPbWfS[ _S eg_VPeWfW fY ege\WgQ
$?9>HE=>3 GOA89G;
?O_ fa \S]oV[a en_VWeYd PiW[ gbaefWR XY^[O bcPbW[
U[S fY_ SbahgUQ \[_Vn_k_ _S fa S]]O`W[ P_Sd W[V[\md
W\bS[VWg^P_ad Sbm fa_ \SfSe\WgSefQ
-CDC<2H;G; >5= GOA89G;
HcaeP`fW bScS\S]o f[d W[V[\Pd aVYURWd fabaZPfYeYd
-CDC<2H;G; >5= GOA89G;
<gfQ Y ege\WgQ bcaacRXWfS[ ^m_a U[S fY_ a[\[S\Q
icQeY
HcaeP`fW bScS\S]o f[d W[V[\Pd aVYURWd fabaZPfYeYd
A ege\WgQ ^bacWR _S fabaZWfYZWR eW P_S WbO_k
_fag]Ob[ b]Ofagd /8 fa ][UmfWca /8 TOZad
\S[ /8 bO_k Sbm fa VObWVa
A ege\WgQ bScSVRVWfS[ Pfa[^Y U[S en_VWeY \S[
Wb[fcPbWfS[ _S eg_VWZWR ^m_a eW ^[S bcRXS ean\a bag
WR_S[ WU\SfWefY^P_Y en^hk_S ^W fagd \S_a_[eând A
SehO][eY bcPbW[ _S S_PciWfS[ eW p Q Sgfm^Sfad V[SccaQd A fOeY fag V[\fnag bcPbW[ _S
eg^hk_WR ^W fY_ fOeY bag S_ShPcWfS[ bO_k efY_
b[_S\RVS fnbag
A ^WfSfmb[eY fYd bcRXSd Q Y S_f[\SfOefSeY fag
\S]kVRag en_VWeYd Wb[fcPbWfS[ _S UR_W[ ^m_a Sbm
W[V[\Wg^P_a Y]W\fca]mUa JW bWcRbfkeY bag ^WfO fY_
fabaZPfYeY fYd ege\WgQd Y bcRXS VW_ WR_S[ b]Pa_
bcae[fQ bcPbW[ _S gbOciW[ Sbm fY_ b]WgcO fYd
WU\SfOefSeYd ^[S V[OfS`Y V[S\abQd m]k_ fk_ bm]k_
^ P_S V[O\W_a WbShQd fa ][UmfWca 88
Ha]nbc[XS bQiW[d bc[Xo_ \S[ ^bS]S_fPXWd VW_
Wb[fcPbWfS[ _S icYe[âba[YZan_ JW bWcRbfkeY
gbWchmcfkeYd gbOciW[ \R_Vg_ad bgc\SU[Od
-= DE2D9= A5 DECG2K9H9
.DC894B9=F
5GJ5?945F
<gfQ Y ege\WgQ bcaacRXWfS[ ^m_a U[S fY_ a[\[S\Q
icQeY
NcYe[âba[WRfW fY ege\WgQ Sba\]W[ef[\O U[S fa
^SUWRcW^S fcahR^k_
A ege\WgQ VW_ Wb[fcPbWfS[ _S fWZWR bafP eW ]W[fagcURS
Sbm W_Q][\Wd \S[ bS[V[O ikcRd Wb[fQcYeY
mfS_ SgfaR VW_ TcRe\a_fS[ eW \S]Q hge[\Q Q
b_Wg^Sf[\Q \SfOefSeY Q Piag_ bWc[ac[e^P_Y
[\S_mfYfS SReZYeYd \S[ S_fR]YjYd
Q mfS_ fagd ]nbW[ Y U_oeY \S[ Y W^bW[cRS _S
iW[cRXa_fS[ fY ege\WgQ ekefO \S[ eRUagcS
*5=8=1 >5= @=>EC>O@5H5
#9GHNF KPECF
@579=E2@5HCF
KS bS[V[O Wb[fcPbWfS[ _S hf[Oàg_ fS hSUYfO ^W
^[\ca\n^SfS em]a ^m_a_ mfS_ SgfO Piag_
\SfSfab[efWR WbSc\od HcPbW[ _S ^bacan_ _S
iW[cRXa_fS[ fY ege\WgQ ekefO HcPbW[ _S \SfS_aan_
fagd \[_Vn_agd bag gbaVW[\_na_fS[ ef[d aVYURWd
icQeYd
KS bS[V[O bcPbW[ _S Wb[fYcan_fS[ \SfO fY icQeY fYd
ege\WgQd U[S _S ^Y_ bSRXag_ ^W fY ege\WgQ
<_aR`fW bcaeW\f[\O fY_ bmcfS fYd ege\WgQd DbacWR
_S W`P]ZW[ \Sgfmd Sf^md CR_Vg_ad WU\SgÔfk_
CcSfOfW fS bS[V[O bO_fafW ^S\c[O
DY_ fabaZWfWRfW bafP Wnh]W\fS S_f[\WR^W_S ^PeS efY
ege\WgQ CR_Vg_ad bgc\SU[Od
DY_ S_aRUWfW bafP fY_ bmcfS fYd ege\WgQd mfS_
VY^[agcUWRfS[ \Sb_md ^PeS efY ege\WgQ CR_Vg_ad
WU\SgÔfk_ <bW_WcUaba[QefW fY ege\WgQ CSfWTOefW
fY_ SehO]W[S efa \[Tof[a fk_ SehS]W[o_
DY ^SU\o_WfW bafP fS \S]oV[S en_VWeYd fk_
Y]W\fc[\o_ ege\Wgo_ efY XWefQ bmcfS fYd ege\WgQd
A ^m_keY fk_ \S]kVRk_ ^bacWR _S ][oeW[ CR_Vg_ad
TcSig\g\]o^Sfad
05?5G@2A; DNEH5
GIG>9I3F 3 HG=@COK5
DNEH5F
DY icYe[âba[WRfW fa hanc_a ^[\ca\gÔfk_ mfS_ Y
bmcfS fYd ege\WgQd Q Y fe[âniS fYd bmcfSd Piag_
gbaefWR XY^[O >[ShacWf[\O ^bacWR _S W`P]ZW[ W_PcUW[S
^[\ca\gÔfk_ NcYe[âba[WRfW fa hanc_a ^[\ca\gÔfk_
Shan bcofS Y ege\WgQ PiW[ Wb[e\WgSefWR
*9E=61??CA
DY_ W\ZPfWfW fY ege\WgQ bafP eW ^WUO]Y XPefY Q
gUcSeRS CR_Vg_ad TcSig\g\]o^Sfad
A9D5E>3F
>5<5E=G@NF
CSZScRXWfW fY ege\WgQ fS\f[\O JW bWcRbfkeY
S_WbSc\and \SZSc[eân ^bacWR _S \SfSefcShWR Y
Wb[hO_W[S \S[ Y ege\WgQ ^W fa bPcSe^S fag icm_ag
_S e\agc[OeW[ >[ShWnUW[ W_PcUW[S ^[\ca\gÔfk_
"D=G>9I2F
G[ S\SfO]]Y]Wd Wb[e\WgPd WR_S[ Wb[\R_Vg_Wd CR_Vg_ad
Y]W\fcab]Y`RSd
G[ Wb[e\WgPd Wb[fcPbWfS[ _S UR_a_fS[ ^m_a Sbm P_S_
fWi_[\m fag f^Q^Sfad W`gbYcPfYeYd bW]Sfo_
W\bS[VWg^P_a Sbm WÔd
?O_ Y ege\WgQ PiW[ T]OTY \SfWTOefW
`WT[VoefW fY_
S_fRefa[iY SehO]W[S efa \[Tof[a fk_ SehS]W[o_ Q
fcSTQ`fW fa h[d Sbm fY_ bcRXS
CS]PefW fY_ gbYcWeRS fWi_[\Qd W`gbYcPfYeYd bW]Sfo_
DY_ S_aRUWfW bafP fa bWcRT]Y^S A ege\WgQ ]W[fagcUWR
^W gjY]Q fOeY A]W\fcab]Y`RS
.DC894B9=F
5GJ5?945F 7=5
H;KE3G; HCI
JCOEACI
@=>EC>I@1HMA
*EC9HC=@5G45 HECJ4@MA
NcYe[âba[WRfW fa hanc_a ^[\ca\gÔfk_ Sba\]W[ef[\O
U[S fY_ bScSe\WgQ fcahR^k_ 6]]Wd icQeW[d ^bacan_
_S \SfSefan_ Wb[\R_Vg_Wd \S[ _S bca\S]Peag_ XY^[Pd
=[S bScOVW[U^S ^bacan_ _S S_Sh]Wifan_ fS XWefO
eS\ag]O\[S ^W ebmcagd \S[ VY^Yfc[S\O S\m^S \S[
^WfO Sbm ocWd
CR_Vg_ad bgc\SU[Od
KS bS[V[O Wb[fcPbWfS[ _S icYe[âba[an_ f[d ege\WgPd
^[\ca\gÔfk_ ^m_a mfS_ Piag_ \SfSfab[efWR WbSc\od
KS bS[V[O bcPbW[ _S WR_S[ eW ZPeY _S iW[cRXa_fS[ fY
ege\WgQ ekefO \S[ _S \SfS_aan_ fagd \[_Vn_agd bag
Wb[eY^SR_a_fS[ ef[d aVYURWd icQeYd
5<@485 =GKOCF >5=
KENACF @=>EC>I@1HMA
DY cgZ^RXWfW bafP ^[S ba]n gjY]Q TSZ^RVS [einad Q
P_S_ ba]n gjY]m icm_a ^[\ca\gÔfk_ KS fcmh[^S
^bacan_ _S S_Sh]Wifan_ A ege\WgQ ^bacWR _S
gbaefWR XY^[O CR_Vg_ad bgc\SU[Od
<\a]agZQefW fS efa[iWRS fk_ aVYU[o_ icQeYd
'579=E=>N G>9OCF
DY icYe[âba[WRfW bafP ^SUW[c[\m e\Wnad fa abaRa
WR_S[ S\SfO]]Y]a U[S fS ^[\ca\n^SfS
KS ^SUW[c[\O e\WnY Sbm baceW]O_Y \S[ \WcS^[\m g][\m
^bacWR _S Piag_ ba]n ^[\cPd fcnbWd ef[d ]STPd \S[
efS \SbO\[S HRek Sbm SgfPd f[d fcnbWd gbOciW[ P_Sd
\W_md iocad A gUcSeRS bag PiW[ W[eikcQeW[ efa_
\W_m ioca ^bacWR _S bca\S]PeW[ ckU^Pd efS e\WnY
CR_Vg_ad fcSg^Sf[eân
KS XWefO hSUYfO ^WfSVRVag_ fY ZWc^mfYfO fagd 8fe[
^bacan_ fS ^SUW[c[\O e\WnY _S XWefSZan_ ba]n
CR_Vg_ad WU\SgÔfk_
<hS[cPefW fa ^SUW[c[\m e\Wnad \S[ fS W`ScfQ^SfS
bO_fafW ^W b[OefcWd Sbm fY ege\WgQ
,IG>9I5G49F
DY XWefSR_WfW bafP hSUYfO ^PeS eW ege\WgSeRWd U[S
fY V[SfQcYeY fYd ZWcâ\cSeRSd CR_Vg_ad bgc\SU[Od
DY XWefSR_WfW bafP ikcRd Wb[fQcYeY fcmh[^S eW
VaiWRS Sbm b]Sef[\m iScfR Q O]]S Wnh]W\fS g][\O
JW SWcaefWUod \]W[e^P_S fcmh[^S ^bacWR _S e\OeW[ Y
ege\WgSeRS CR_Vg_ad WU\SgÔfk_
<\a]agZQefW fS efa[iWRS bO_k efY ege\WgSeRS
<hS[cPefW fS hSUYfO bO_fafW ^W b[OefcWd
*CH1
CSfO fa XPefS^S gUco_ ^bacWR _S bca\njW[ ^[S
Wb[TcOVg_eY TcSeân <gfm eY^SR_W[ mf[ Y
ZWcâ\cSeRS TcSeân Wb[fgUiO_WfS[ ikcRd _S
S_WTSR_ag_ a[ iScS\fYc[ef[\Pd hgeS]RVWd Sfân 9VY Y
bScS^[\cQ Vm_YeY fag VaiWRag ^bacWR _S aVYUQeW[ eW
`Sh_[\Q gbWciWR][eY \S[ eW b[fe[]Re^SfS fag \Sgfan
gUcan CR_Vg_ad WU\SgÔfk_
CSfO fa XPefS^S fk_ gUco_ fabaZWfWRfW bO_fafW ^PeS
efa VaiWRa P_S \agfO][ 8fe[ SbahnUWfW fY_
Wb[TcOVg_eY fag TcSeân
DY XWefSR_WfW bafP fS bafO eW Wc^Yf[\O \]W[efO
VaiWRS CR_Vg_ad P\cY`Yd
DY XWefSR_WfW bafP a[_ab_Wg^SfoVY bafO eW ba]n
gjY]Q ZWcâ\cSeRS CR_Vg_ad P\cY`Yd
E9J=>2F HECJ2F
DY XWefSR_WfW bafP TcWh[\Pd fcahPd ^PeS eW \]W[efO
VaiWRS <ba^S\cn_WfW bO_fafW fa \SbO\[ Q fa
ZQ]Sefca
DWfO fa XPefS^S \ag_OfW Q S_S\SfWnWfW bO_fafW fa
TSXO\[ Q fY h[O]Y \S]O Dm_a Pfe[ \SfS_P^WfS[ Y
ZWc^mfYfS aâ[mâchS CR_Vg_ad WU\SgÔfk_
?]PUiWfW fY ZWcâ\cSeRS bcafan VoeWfW fY_ fcahQ
efa bS[VR
-ENJ=@5 @9 >9?OJ;
3J?C=COF
DY ^SUW[cWnWfW bafP fS SgUO efa \P]ghad DY
XWefSR_WfW bafP eh[ifaTcSe^P_S SgUO U[SfR ^bacan_
_S e\Oeag_ ^W Vn_S^Y <gfm [einW[ WbReYd \S[ U[S fS
aefcS\aW[VQ CR_Vg_ad WU\SgÔfk_
JfS SgUO Ôf[S Q efS SgUO baeP bcPbW[ bcofS _S
fcgbQefW fa_ \cm\a
JW fcmh[^S ^W e\]YcO \W]nhY Q h]a[and bi ^Q]S
_faÔfWd bSfOfWd ]ag\O_[\S WR_S[ Vg_Sfm_ _S e\OeW[
fa \P]ghad Q a h]a[md Hc[_ fa XPefS^S fcgbQefW fa
\P]ghad Q fa h]a[m e SgfO fS fcmh[^S
(3E5AG; HECJ4@MA
DY efWU_o_WfW bafP fS fcmh[^S efa hanc_a
^[\ca\gÔfk_ CR_Vg_ad bgc\SU[Od
-ENJ=@5 @9 9?1K=GH;
D9E=9>H=>NH;H5 G9
A9EN
DY_ `WbSUo_WfW Q ^Y XWefSR_WfW ^W ba]n ^WUO]Y [ein
Q U[S ba]n icm_a fcmh[^S ^W ^[\cQ bWc[W\f[\mfYfS eW
_Wcm mbkd bi jk^R CR_Vg_ad bgc\SU[Od
&18= J57;HCO
DY XWefSR_WfW bafP ^m_a fag fa ]OV[ hSUYfan efa
hanc_a ^[\ca\gÔfk_ CR_Vg_ad bgc\SU[Od
-C D984C K9=E=G@CO
.%&*/(
JPH [NT dXH QHP [N
KPDXQLPH
&2*45207*+;3
%*"+;15(3
, +520 0,;*
, +520 JPH [N XcOSPZN [NY
dXHY QHP [NY KPDXQLPHY
F JPH [N XcOSPZN [V\
H\[bSH[V\ Z\Z[FSH[VY
WXVJXHSSD[`T
, +520 &++!.(4(3 , +52" $*" 5(. *48<
5:. -*+20+6-5:.
, +520 , +52" $*" 50
"65;-"50 4<45(-"
120$2"--5:.
*
*
*
*
*
$ <RFQ[XV
<XbJXHSSH
<RFQ[XV 0DXVY
, +520 $*" 50
.0*$-" 5(3 1;25"3
-5 9B5EH3@5H5
) D9E=GHE9JN@9ACF
84G>CF
8fe[ fabaZWfWRfW fa_ bWc[efcWhm^W_a VRe\a
KabaZWfQefW fa hacPS efa ^YiS_[e^m \R_YeYd efY ^PeY fag bOfag fag iocag ^SUW[cP^Sfad
KabaZWfQefW fa_ bWc[efcWhm^W_a VRe\a bO_k efa
hacPS NcYe[âba[WRfW fY ege\WgQ ^m_a ^W fabaZWfY^P_a fa_
bWc[efcWhm^W_a VRe\a HcaePiWfW bScS\S]o _S WR_S[
a hacPSd ekefO SehS][e^P_ad G bWc[efcWhm^W_ad
VRe\ad ^bacWR _S bWc[efcPhWfS[ bcad fS Sc[efWcO Q
bcad fS VW`[O
"=8=>1 9B5EH3@5H5
J\WnY ^SUW[cP^Sfad ^W Sf^m
KS W[V[\O W`ScfQ^SfS ^bacWRfW _S fS SUacOeWfW efY_
gbYcWeRS fWi_[\Qd W`gbYcPfYeYd bW]Sfo_ >oefW
bScS\S]o fa_ Sc[Z^m $
$ *E=A H;A DEPH; KE3G;
:fS_ eg_VWZWR Y ege\WgQ Q ^WfO Sbm ^[S V[S\abQ fag
cWn^Sfad S_OTag_ efa bWVRa W_VWR`Wk_ fcRS ^YVW_[\O
+O<@=G; H;F
PE5F
KS e\ancS b]Q\fcS efY_
W[\m_S fS icW[OXWefW U[S
fY cnZ^[eY
HSfQefW fa b]Q\fca Ia]m[ JfY_ P_VW[`Y W^hS_RXa_fS[ Y ocS \S[ IgZ^RefW fY_ ocS ^W fa_ bWc[efcah[\m V[S\mbfY
HSfQefW fa b]Q\fca Ia]m[ JfY_ P_VW[`Y eTQ_W[ fa A fcPiageS ocS WR_S[ cgZ^[e^P_Y
,63G=@C H;F PE5F
HSfQefW fa b]Q\fca Ia]m[ \S[ ^WfO bSfQefW fa
b]Q\fca "2-.
A P_VW[`Y eTQ_W[
"D5A5EEO<@=G; H;F
PE5F
HSfQefW fa b]Q\fca Ia]m[ JfY_ P_VW[`Y W^hS_RXWfS[ IgZ^RefW mbkd
bWc[UcOhWfS[ efS eY^WRS \S[ ??573 H;F PE5F
DK 5DN >5?C>5=E=A3 G9
K9=@9E=A3 PE5
IgZ^RefW mbkd bWc[UcOhWfS[ efS eY^WRS Pkd -5 @=>EC>O@5H5
KS ^[\ca\n^SfS ^WfSfcPba_fS[ ^PeS efS fcmh[^S eW
ZWc^mfYfS KS ^[\ca\n^SfS WR_S[ \SfO]]Y]S U[S fa
UcQUaca `WbOUk^S XPefS^S ][oe[â \S[ ^SUWRcW^S
DY V[efOeWfW _S Va\[ÔeWfW fS ^[\ca\n^SfS focS
S^Pekd @WefO_WfW U[S bScOVW[U^S P_S h][fXO_[ _Wcm
U[S fa feO[ eSd
HOcfW P_S ^WUO]a h][fXO_[ ikcRd icgeQ Y SeY^P_[S
V[S\me^YeY \S[ TO]fW ^PeS e Sgfm P_S \agfS]O\[ fag
feSU[an KabaZWfQefW fa h][fXO_[ ^W fa _Wcm bO_k
efa_ bWc[efcWhm^W_a VRe\a
HSfQefW IgZ^RefW ^W fa_ bWc[efcah[\m V[S\mbfY ]WbfO
HSfQefW fa b]Q\fca W\\R_YeYd "2%02
DWfO Sbm ]Wbfm \S[ VWgfWcm]WbfS YiWR P_S eQ^S
Ka _Wcm WR_S[ \Sgfm
?_o bR_WfW fa feO[ V[STOefW bScS\S]o S\m^S ^[S
hacO f[d gbaVWR`W[d SehS]WRSd bag TcRe\a_fS[ efY_
SciQ fk_ aVYU[o_ icQeYd <gfPd a[ gbaVWR`W[d
SehS]WRSd WR_S[ ba]n eY^S_f[\Pd
'579=E=>N G>9OCF
%5H1??;?C @579=E=>N
G>9OCF
CSfO]]Y]S WR_S[ bgcR^SiS ^SUW[c[\O e\WnY Sbm UgS]R
gS]a\WcS^[\m g][\m baceW]O_Y \WcS^[\m Q S_ZW\f[\m
efY ZWc^mfYfS b]Sef[\m g][\m KS ^[\ca\n^SfS
V[SbWc_an_ SgfO fS g][\O
DbacWRfW _S icYe[âba[QeWfW WbReYd \S[ e\WnY
eWcT[cRe^Sfad 8fe[ Wà[\a_a^WRfW icm_a
NcYe[âba[WRfW fS ^SUW[c[\O e\WnY ^W icgeShP_[Wd Q
SeY^P_[Wd V[S\ae^QeW[d ^m_a fmfW mfS_ a
\SfSe\WgSefQd WUUgOfS[ mf[ fa e\Wnad WR_S[ \SfO]]Y]a
U[S ^[\ca\n^SfS
>5H1??;?C @579=E=>N
G>9OCF
<\SfO]]Y]S WR_S[ ^WfS]][\O e\WnY
KS ^[\ca\n^SfS VW V[SbWc_an_ fa ^PfS]]a KS hSUYfO
bScS^P_ag_ eW \]W[efO ^WfS]][\O VaiWRS \cnS
HcaeaiQ 8_S ^WfS]][\m eo^S r bi fa \agfO][ efa
bafQc[ r bcPbW[ _S SbPiW[ fa ][UmfWca /8 Sbm fS
fa[io^SfS fag iocag ^SUW[cP^Sfad \S[ fYd WekfWc[\Qd
b]WgcOd fYd bmcfSd G[ eb[_ZQcWd ^bacan_ _S
\SfSefcPjag_ fa WekfWc[\m UgS]R fYd bmcfSd
!C>=@3 @579=E=>CO
G>9OCIF
DY_ W_WcUaba[QeWfW bafP fa hanc_a ^[\ca\gÔfk_
ikcRd hSUYfO
A ^m_Y W`SRcWeY WR_S[ Y S\m]agZY Va\[^Q ^SUW[c[\an
e\Wnagd
?O_ VW_ WRefW eRUagca[Wd mf[ fS ^SUW[c[\O eSd e\WnY
WR_S[ \SfO]]Y]S U[S ^[\ca\n^SfS \O_WfW fY_ S\m]agZY
Va\[^Q
KabaZWfQefW fa OVW[a e\Wnad U[S ; kd ]Wbfm ^W fY
^PU[efY [ein ^PeS efY ege\WgQ ?]PU`fW W_V[O^WeS fY
ZWcâ\cSeRS Ka e\Wnad bcPbW[ _S WR_S[ \cna Q _S
PiW[ fY ZWcâ\cSeRS fag iWc[an ?O_ fa e\Wnad PiW[
XWefSZWR ba]n Q VY^[agcUan_fS[ eb[_ZQcWd fmfW VW_
WR_S[ \SfO]]Y]a
)= =GK94F
@=>EC>I@1HMA
48<3 -*+20+6-5:.
"5,,(,( $*"
!
4EZ[HSH \JXdT
!
4EZ[HSH QHP SHJLGXLSH ]HJN[dT
!
9HJLGXLSH QXEH[VY QHP MEZ[HSH
L\HGZON[`T ]HJN[dT
:LWDJ`SH QHP Z\TE^PZN [V\
SHJLPXESH[VY
:LWDJ`SH L\HGZON[`T ]HJN[dT
!
!
.DN89=B;
KY_ [ein ^[\ca\gÔfk_ + ^bacWRfW _S fY_
cgZ^ReWfW U[S ]WbfO fS + U[S ^RS ocS f[d
O]]Wd f[^Pd [einad \OZW hacO U[S ocS \S[
]WbfO
HG= EI<@4:9H9
HScOVW[U^S
#
HSfQefW fY_ Wb[Zg^YfQ [ein ^[\ca\gÔfk_
JfY_ P_VW[`Y S_OTW[ Y cgZ^[e^P_Y [ein
^[\ca\gÔfk_ \S[ W^hS_RXWfS[ ]Wbfm
IgZ^RefW ^W fa_ bWc[efcah[\m V[S\mbfY fY ica_[\Q
V[Oc\W[S
A ica_[\Q V[Oc\W[S fcPiW[ hS_WcO
$ KECA=>3 8=1E>9=5
H9?94MG9
8_S eQ^S YiWR <_aR`fW fY_ bmcfS fYd ege\WgQd Q
bSfQefW fa b]Q\fca "2-. A ocS W^hS_RXWfS[ `S_O
efY_ P_VW[`Y
??573 KECA=>3F
8=1E>9=5F
DW fa_ bWc[efcah[\m V[S\mbfY S]]O`fW fY ica_[\Q
V[Oc\W[S \S[ `W\[_QefW Sbm fY_ SciQ
,H5@1H;@5
HSfQefW fa b]Q\fca "2-. ^RS hacO Q S_aR`fW fY_
bmcfS fYd ege\WgQd DWfO fa \]WRe[â bSfQefW `S_O
fa b]Q\fca W\\R_YeYd "2%02
,63G=@C
HSfQefW fa b]Q\fca "2-. Vna hacPd Q S_aR`fW fY_
bmcfS \S[ bSfQefW fa b]Q\fca "2-. ^RS hacO
.DN89=B;
DbacWRfW WbReYd _S cgZ^ReWfW bcofS fY ica_[\Q
V[Oc\W[S \S[ ^WfO fY_ [ein ^[\ca\gÔfk_
*4A5>9F >5= GI@6CI?2F
.DC894B9=F 7=5
HCIF D4A5>9F
Jfagd S\m]agZagd bR_S\Wd ZS TcWRfW Vg_SfmfYfWd \S[
f[^Pd cnZ^[eYd U[S fS ^[\ca\n^SfS
G[ f[^Pd fag icm_ag bag S_ShPca_fS[ efagd bR_S\Wd
WR_S[ W_VW[\f[\Pd f[^Pd <gfPd a[ f[^Pd W`Scfo_fS[ Sbm
fa ^SUW[c[\m e\Wnad fY_ ba[mfYfS fY ZWcâ\cSeRS \S[
fY enefSeY fk_ fcahR^k_
Jfagd bR_S\Wd VR_a_fS[ fS\f[\O bWc[aiPd ica_[\Qd
V[Oc\W[Sd IgZ^RefW bcofS efY ^[\cmfWcY ica_[\Q
V[Oc\W[S \S[ S_ WR_S[ SbScSRfYfa fY_ bScSfWR_WfW
DbacWR _S eg^TWR _S PiWfW V[ShacWf[\Pd baemfYfWd
Sb SgfPd bag S_ShPca_fS[ efagd bR_S\Wd
=[ Sgfm gbOciW[ P_Sd bcS\f[\md \S_m_Sd
>[b]Oe[S baemfYfS q eiWVm_ V[b]Oe[S V[Oc\W[S
^[eQ baemfYfS
q ^[eQ V[Oc\W[S
KabaZWfWRfW fa ^SUW[c[\m e\Wnad bO_fafW bO_k efa_
bWc[efcWhm^W_a VRe\a
(9D17M@5
KabaZWfQefW fS \SfWjgU^P_S fcmh[^S e P_S S_a[ifm
VaiWRa bO_k efa bWc[efcWhm^W_a VRe\a
CSfO fa `WbOUk^S fag \cPSfad fk_ bag]Wc[\o_ Q
fk_ jSc[o_ VY^[agcUWRfS[ gUcm CSfO fa Unc[e^S
Sba^S\cn_WfW Sgfm fa gUcm \S[ eW \S^RS bWcRbfkeY
^Y_ fa icYe[âba[QeWfW Q ^Y_ fa ShQeWfW _S PcZW[ eW
WbShQ ^W O]]S fcmh[^S
=gcRefW Q S_S\SfPjfW fS hSUYfO W_V[O^WeS WhacPd
KS ^WUO]S \a^Ôf[S bcPbW[ _S fS UgcReWfW ba]]Pd
hacPd
<hQefW fS `WbSUk^P_S fcmh[^S _S YcW^Qeag_ S\m^S
U[S W ]WbfO eW ZWcâ\cSeRS bWc[TO]]a_fad U[S
fY_ aâ[mâchY \SfS_a^Q fYd ZWcâ\cSeRSd JfS
bag]Wc[\O ^bacWRfW ^WfO _S TUO]WfW fS W_fmeZ[S Ka
\cPSd ^bacWR _S Vag]WgfWR WbReYd \S[ ^ P_S ^[\cm
bSUk^P_a bgcQ_S
04;5(5"
48<3 -*+20+6-5:. 2;.03 ,&15
10%&!/&*3
7XEHY Z ETH QVSSD[P
IVKPTb ^VPXPTb SVZ^DXP
SL QHP ^`XGY QbQHRV
2
2
2
! ! e
! ! e ! ! e 7XEHY ZL QVSSD[PH F ZL
]E[LY IVKPTb ^VPXPTb
SVZ^DXP
2
2
2
! ! e
! ! e ! ! e 7H[D [V JcXPZSH ^`XGML[L
[H QVSSD[PH SL[HUc [V\Y
7PSDY HTDSLPQ[VY
2
2
2
! ! ! e ! ! e 7H[H_c^L[L [VT QPSD ZL
WRH[PD QVSSD[PH SL bZV [V
K\TH[b SPQXb[LXV WD^VY
1\XGML[L [VT QPSD
LTKPDSLZH WVRREY ]VXEY
QHP HWVSHQXcTL[L [V FKN
ULWHJ`SETV QXEHY
<V\RLXPQD F QVSSD[PH
WV\RLXPQdT
2
2
! ! e
! ! e CDXP
]PRE[V SWXPMbRLY
_HXPVc ]E[LY
2
! ! e B`XGML[L [H ULWHJ`SETH
QVSSD[PH SL[HUc [V\Y
CDXP VRbQRNXV
2
2
! ! e
! ! e 7HRc_[L [H L\HGZON[H
ZNSLGH SL SPQXD QVSSD[PH
HRV\SPTb^HX[V\
8H^HTPQD W
^
SWPMERPH
2
! e AXVc[H
W
^
IH[bSV\XH
2
2
! e ! ! e /THQH[LcL[L [H ]XVc[H
LTKPDSLZH WXVZLQ[PQD QHP
UL^`XGML[L [H ULWHJ`SETH
QVSSD[PH SL[HUc [V\Y
0Vc[\XV
2
2
! ! e ! ! e /]HPXEZ[L LT[LRdY [N
Z\ZQL\HZGH
C`SG VRbQRNXV
2
2
! ! e
! ! e 1R\QD Z[LJTD
W
^
QEPQ
2
2
! e ! ! e 7H[D [V JcXPZSH ^`XGML[L
[H QVSSD[PH [V\ JR\QVc
SL[HUc [V\Y
9bTV JPH
JR\QD ^`XGY JRDZV ZHT[PJG
F QXESH
1R\QD MV\SLXD
W
^
JR\Qb ]XVc[`T
[VcX[H S\MFOXHY
2
2
! ! e ! ! e 9bTV JPH JR\QD ^`XGY
JRDZV F MLRH[GTH
(9D17M@5
:2GH5@5 3
@5794E9@5
>5H9LI7@2AMA
J57;HPA
<hS[cPefW fS Pfa[^S hSUYfO Sbm fY ege\WgSeRS JW
^SUW[c[\m e\Wnad \SfO]]Y]a U[S ^[\ca\n^SfS
XWefSR_a_fS[ fS hSUYfO UcYUacmfWcS \S[ aâ[mâchS
KS V[ShacWf[\O egefSf[\O fag hSUYfan VW XWefSR_a_fS[
fa RV[a UcQUacS
KS ]WbfO hSUYfO ^SUW[cWna_fS[ UcYUacmfWcS Sbm fS
ia_fcO =[ Sgfm \SfS_P^WfW fS hSUYfO ^PeS efa
e\Wnad eW ^[\cm \SfO fa Vg_Sfm_ njad >W_ bcPbW[ _S
fabaZWfWRfW fS fcmh[^S fa P_S bO_k efa O]]a
CS]nbfWfW bO_fafW fS hSUYfO ?O_ VW_ PiWfW P_S
\SfO]]Y]a \SbO\[ U[S fa e\Wnad eSd icYe[âba[QefW
P_S b[Ofa Q W[V[\Q ^W^TcO_Y U[S ^[\ca\n^SfS
?_V[O^WeS bcPbW[ _S S_S\SfPjWfW Q _S UgcReWfW fS
hSUYfO W hacPd
DWfO fa XPefS^S ShQefW fS hSUYfO _S YcW^Qeag_ fa
ba]n U[S W ]WbfO U[S ^[S aâ[mâchY \SfS_a^Q
fYd ZWcâ\cSeRSd
A iScS\fYc[ef[\Q UWneY fk_ hSUYfo_ V[SfYcWRfS[ eW
^WUO]a TSZ^m =[ Sgfm ^bacWRfW _S icYe[âba[WRfW
a[\a_a^[\O fa S]Of[ \S[ fS ^bSiSc[\O
04;5(5"
48<3 -*+20+6-5:. 2;.03 ,&15
9LTVc ]HJN[b SLXGKHY E[VPSV
]HJN[b VZ\Z[H[PQdT
V 2
! e >VcWLY
2
! e AHJN[D QH[ZHXbRHY
2
! e 7XEHY ZL ZDR[ZH W
^
JQVcRHY
2
! e 7H[D [V HTHQD[LSH
^`XGML[L [H QVSSD[PH [V\
QXEH[VY SL[HUc [V\Y
CDXP W
^
QVSSD[PH ]PRE[V\
2
! e <XVZOEZ[L LTKL^VSET`Y
TLXb ^\Sb RLSVTPVc F
QXHZG
>V\]RE W
^
RHMDTPH
QHTTLRbTPH
2
! e <XbZOL[H
XcMP M\SHXPQD
2
2
! e ! e 10%&!/&*3
<XVZOEZ[L RGJV \JXb
04;5(5"
48<3 -*+20+6-5:. 2;.03 ,&15
10%&!/&*3
8H^HTPQD W
^
SWPMERPH
SWXbQVRV QHXb[H
2
2
! e ! e <XVZOEZ[L Z[V SHJLPXPQb
ZQLcVY TLXb dZWV\ TH
QHR\]OLG V WD[VY
/RLZSETV ZWHTDQP
2
! e 9HJLPXE_[L [V ^`XGY
WXbZOL[V TLXb
#2GH5@5 J57;HPA
<hS[cPefW fS Pfa[^S hSUYfO Sbm fY ege\WgSeRS JW
^SUW[c[\m e\Wnad \SfO]]Y]a U[S ^[\ca\n^SfS
XWefSR_a_fS[ fS hSUYfO UcYUacmfWcS \S[ aâ[mâchS
KS V[ShacWf[\O egefSf[\O fag hSUYfan VW XWefSR_a_fS[
fa RV[a UcQUacS
CSfO fa XPefS^S fk_ gUco_ fabaZWfWRfW bO_fafW ^PeS
efa VaiWRa P_S \agfS]O\[ fag \ShP U[S _S SbahnUWfW
fY_ Wb[TcOVg_eY TcSeân JW bWcRbfkeY Wb[TcOVg_eYd
TcSeân Wb[fgUiO_WfS[ Y ZWcâ\cSeRS TcSeân ikcRd
_S S_WTSR_ag_ a[ iScS\fYc[ef[\Pd hgeS]RVWd Sfân
9VY Y bScS^[\cQ Vm_YeY fag VaiWRag ^bacWR _S
aVYUQeW[ eW `Sh_[\Q gbWciWR][eY \S[ eW b[fe[]Re^SfS
fag \Sgfan gUcan bcOU^S bag ^bacWR _S bca\S]PeW[
fcSg^Sf[eând \S[ WU\Sn^SfS
CS]nbfWfW bO_fafW fS hSUYfO ?O_ VW_ PiWfW P_S
\SfO]]Y]a \SbO\[ U[S fa e\Wnad eSd icYe[âba[QefW
P_S b[Ofa Q W[V[\Q ^W^TcO_Y U[S ^[\ca\n^SfS
?_V[O^WeS bcPbW[ _S S_S\SfPjWfW Q _S UgcReWfW fS
hSUYfO bWc[eemfWcWd hacPd ?]PUiWfW fY ZWcâ\cSeRS
DWfO fa XPefS^S ShQefW fS hSUYfO _S YcW^Qeag_ fa
ba]n U[S W ]WbfO U[S ^[S aâ[mâchY \SfS_a^Q
fYd ZWcâ\cSeRSd
04;5(5"
9LTVc ]HJN[b SLXGKHY
E[VPSV ]HJN[b
VZ\Z[H[PQdT
48<3 -*+20+6-5:. 2;.03 ,&15
10%&!/&*3
V 2 ! e 04;5(5"
48<3 -*+20+6-5:. 2;.03 ,&15
10%&!/&*3
87
87
87
! e ! e ! e ?VWVOL[FZ[L ETH QV\[DRP SEZH
Z[V KV^LGV
9NT
\WLXOLXSHGTL[L [H
VPTVWTL\SH[dKN WV[D
3REJ^L[L LTKPDSLZH
0XL]PQEY [XV]EY W
^
87
SWV\QDRPH JPH [V JDRH [`T 87
IXL]dT
87
* WLXGWV\ .
! WLXGWV\ ! WLXGWV\ .
B`XGY OFRHZ[XV F QHWDQP
9L[D [V MEZ[HSH QV\TD[L
WDT[V[L [V SWV\QDRP QHRD
3REJ^L[L VW`ZKFWV[L [N
OLXSVQXHZGH
>VcWLY ]RP[MDTP
]RP[MDTPH
2
2
! e ! e 7XEHY ZL ZDR[ZH
2
! e AHJN[b QH[ZHXbRHY
2
2
! e ! e 8H^HTPQD SLXGKH
SLXGKLY
2
2
! e ! e <V[D
'5794E9@5
J57;HPA
B`XGML[L [PY ]E[LY [V\
QXEH[VY SL[HUc [V\Y
<XVZOEZ[L RGJV \JXb
DSUW[cWnWfW fS hSUYfO eW \]W[efm ^SUW[c[\m e\Wnad
KS hSUYfO bcPbW[ W_V[O^WeS _S S_S\SfWgfan_ Q _S
UgcReag_
A iScS\fYc[ef[\Q UWneY fk_ hSUYfo_ V[SfYcWRfS[ eW
^WUO]a TSZ^m =[ Sgfm ^bacWRfW _S icYe[âba[WRfW
a[\a_a^[\O fa S]Of[ \S[ fS ^bSiSc[\O
KS ]WbfO hSUYfO ^SUW[cWna_fS[ UcYUacmfWcS Sbm fS
ia_fcO =[ Sgfm \SfS_P^WfW fS hSUYfO ^PeS efa
e\Wnad eW ^[\cm \SfO fa Vg_Sfm_ njad >W_ bcPbW[ _S
fabaZWfWRfW fS fcmh[^S mfS_ WR_S[ Vg_Sfm_ fa P_S
bO_k efa O]]a
DWfO fa ^SUWRcW^S ShQefW fS hSUYfO _S YcW^Qeag_
fa ba]n U[S W ]WbfO U[S ^[S aâ[mâchY \SfS_a^Q
fYd ZWcâ\cSeRSd
04;5(5"
48<3 -*+20+6-5:. 2;.03 ,&15
10%&!/&*3
7V[bWV\RV LT[LRdY
^`XGY LT[bZOPH
]XEZQV
2
! e 1\XGZ[L [V QV[bWV\RV SL[D
[NT WHXERL\ZN [V\ SPZVc
^XbTV\
APRE[V _HXPVc
]XEZQV
2
! e 8H^HTPQD ]XEZQH
2
2
! e ! e 7b_[L [H RH^HTPQD ZL
VSVPbSVX]H SLJDRH QVSSD[PH
>L QDOL 2 RH^HTPQD
WXVZOEZ[L VQV\[HRPEY
TLXb
<XbZOL[H W
^
WH[D[LY
2
2
2
! e ! e ! e =cMP
2
2
! e ! e ! e ! e 7b_[L [PY WH[D[LY ZL
VSVPbSVX]H SLJDRH QVSSD[PH
<XVZOEZ[L WLXGWV\ #&
TLXb Z[V KV^LGV HTHQH[E_[L
[PY WH[D[LY
<XVZOEZ[L [N KPWRDZPH
WVZb[N[H \JXVc
1R\QD ]HJN[D W
^
QXESH QXcH
WHXHZQL\F
]XVc[H QVSWbZ[H
87
! e 2
! e /THQH[E_[L [NT QXESH
LTKPDSLZH QHRD V]VXEY
,I@6CI?2F
GK9H=>1 @9 H5
@=>EC>O@5H5
& )" #2&!5& +".." 450*8&!0
2<)-*4(3 $*" 5(. 104;5(5" 506
7"$(50< 106 &50*-4"5&
/\UDTL[L F SLPdTL[L [PY KPDXQLPLY _NZGSH[VY ZcS]`TH SL [VT
HQbRV\OV WXHQ[PQb QHTbTH
2PWRDZPH WVZb[N[H
Z^LKbT KPWRDZPVY ^XbTVY
SPZF WVZb[N[H
SPZbY ^XbTVY
0 7"$(5; 45$.:4& 10,<
=\OSGZ[L [NT LWbSLTN ]VXD ETH SPQXb[LXV ^XbTV
SHJLPXESH[VY F LWPREU[L SPH ^HSNRb[LXN PZ^c SPQXVQ\SD[`T
>QLWDML[L [V ]HJN[b QHP WXVZOE[L[L WLXPZZb[LXV \JXb
&5 5(. 1"2,&64( 506 82;.06 50
7"$(5; %&. /&1$:4& %& '&45)(+&
%&. 9 )(+&
=\OSGZ[L WLXPZZb[LXV ^XbTV
;P SLJHRc[LXLY WVZb[N[LY QHP
[H ^VT[XD ]HJN[D ^XLPDMVT[HP WLXPZZb[LXV
&5 5(. 1"2,&64( 506 82;.06
-"$&*2-"503 50 7"$(5; &!."*
&/:5&2*+ 10,< '&45; 45( -4( ;-:3
%&. &!."* "+;-" 50*-0
/THQH[LcL[L LTKPDSLZH QHP LWPREU[L [NT LWbSLTN ]VXD SPH
^HSNRb[LXN PZ^c QHP SPH SLJHRc[LXN KPDXQLPH
&5 50 /&1$:-" 50 106,&2*+; 50
+2"3 &!."* &/:5&2*+ %(
-"$&*2&-.0 ",, 45( -4( %&. 8&*
"+;-" /&1"$=4&*
3WPREU[L [NT LWbSLTN ]VXD SPH SPQXb[LXN PZ^c SPQXVQ\SD[`T
3DT E^L[L [Xb]PSH JPH ULWDJ`SH SLJDRNY WVZb[N[HY J\XGZ[L
[H WVRREY ]VXEY
7H[D [V ULWDJ`SH [V\ QXEH[VY [`T WV\RLXPQdT F [`T
_HXPdT KNSPV\XJLG[HP \JXb
7H[D [V JcXPZSH HWVSHQXcTL[L
H\[b [V \JXb QHP ZL QHSGH WLXGW[`ZN SNT [V ^XNZPSVWVPFZL[L
F SNT [V H]FZL[L TH EXOLP ZL LWH]F SL DRRH [Xb]PSH
.DN89=B;
Jfa fXO^[ fYd bmcfSd efS WekfWc[\O fa[io^SfS \S[
efa_ bOfa fYd ege\WgQd ^bacWR _S bScage[SefWR
gUcSeRS <gfm WR_S[ \S_a_[\m \S[ VW_ W^baVRXW[ fY
]W[fagcURS fag hanc_ag ^[\ca\gÔfk_ JhagUURefW
bScS\S]o fY_ gUcSeRS ^WfO fa ^SUWRcW^S
IHN@5HC GOGH;@5 DEC7E5@@1HMA
DW fa Sgfm^Sfa enefY^S bcaUcS^Ôfk_ ^bacWRfW _S
`WbSUoeWfW ba]n Wn\a]S fcmh[^S \S[ _S
bScSe\WgOeWfW fS hSUYfO UcQUacS \S[ ikcRd
bcaT]Q^SfS
A ege\WgQ ^[\ca\gÔfk_ V[SZPfW[ Sgfm^SfS
bcaUcO^^SfS
=[S \OZW bcmUcS^^S ZS TcWRfW efagd bR_S\Wd fS
\SfO]]Y]S fcmh[^S \S[ fY_ bWc[aiQ TOcagd DbacWRfW
_S cgZ^ReWfW \OZW TOcad ^PeS efY_ bWc[aiQ TOcagd
HG= EI<@4:9H9
HSfQefW fa fmeWd hacPd ^Pic[ _S W^hS_[efWR a
Wb[Zg^Yfmd Sc[Z^md bcaUcO^^Sfad
HSfQefW JfY_ P_VW[`Y S_OTW[ \S[ W^hS_RXWfS[ P_S
bcafW[_m^W_a TOcad
IgZ^RefW ^W fa_ bWc[efcah[\m V[S\mbfY fa TOcad
fag hSUYfan
A ica_[\Q V[Oc\W[S U[S fa bcmUcS^^S fcPiW[ hS_WcO
'9H1 H; ?3B; HCI
KENACI
8_S eQ^S YiWR A ege\WgQ SbW_WcUaba[WRfS[
HSfQefW fa b]Q\fca "2-. Q S_aR`fW fY_ bmcfS fYd
ege\WgQd
!=NE<MG;
HSfQefW fa b]Q\fca "2-. Vna hacPd \S[ cgZ^RefW W\
_Pag
,H5@1H;@5
<_aR`fW fY_ bmcfS fYd ege\WgQd DWfO fa \]WRe[â
`W\[_QefW `S_O A ]W[fagcURS fag hanc_ag
^[\ca\gÔfk_ eg_WiRXWfS[
,63G=@C
HSfQefW fa b]Q\fca "2-. Vna hacPd
.DC894B9=F
JW ^Wc[\O bcaUcO^^SfS YiWR ^WfO Sbm P_S_ ac[e^P_a
icm_a P_S eQ^S <_aR`fW fY_ bmcfS fYd ege\WgQd \S[
S_S\SfPjfW fS hSUYfO Q UgcRefW fa \cPSd Q fS
bag]Wc[\O DWfO fa \]WRe[â bSfQefW `S_O fa b]Q\fca
W\\R_YeYd "2%02
Ka_ Sc[Z^m bcaUcO^^Sfad \S[ fa TOcad ^bacWRfW _S
fS W`S\c[ToeWfW ^W fa Q A W`S\c[Tk^P_Y f[^Q
W^hS_RXWfS[ U[S VWgfWcm]WbfS efY_ P_VW[`Y
*EC7E1@@5H5
B9D57P@5HCF
DW fS bcaUcO^^SfS `WbSUo^Sfad ^bacWRfW _S
`WbSUoeWfW \cPSd \afmbag]S \S[ jk^R
NcYe[âba[QefW fcmh[^S fS abaRS \SfO fa Vg_Sfm
Piag_ bSUoeW[ \S[ SbaZY\WgfWR iS^Y]O \S[ eW ]WbfPd
^WcRVWd efagd qG
=[S fa `WbOUk^S TUO]fW fS fcmh[^S Sbm fY
ege\WgSeRS \S[ XgURefW fS Ka TOcad fa icW[OXWefW U[S
fY cnZ^[eY fag bcaUcO^^Sfad
'579=E=>N G>9OCF
KabaZWfQefW fS fcmh[^S eW P_S \SfO]]Y]a U[S
^[\ca\n^SfS cYim ^SUW[c[\m e\Wnad bi P_S TSXO\[ Q
P_S b[Ofa Sbm baceW]O_Y \S[ ^Y icYe[âba[QeWfW
\S_P_S \SbO\[
0ENACF ;E9@45F
KS `WbSUk^P_S fcmh[^S U[S W`[eaccmbYeY fYd
ZWcâ\cSeRSd bcPbW[ _S YcW^Qeag_ S\m^S
W]WbfO
KS ^WUO]S \a^Ôf[S \cPSfad icW[OXa_fS[ P_S
^WUS]nfWca icm_a YcW^RSd bScO fS ^[\cO \a^Ôf[S
KS ]WbfO \a^Ôf[S \cPSfad \S[ fa_ \[Ô ZS bcPbW[ _S
fS `WikcRXWfW bc[_ fa_ icm_a YcW^RSd
DWfO Sb Sgfm ^bacWRfW _S WbW`WcUSefWRfW fS fcmh[^S
\S[ Sd Piag_ fS ia_fcO \a^Ôf[S \cPSfad S\m^S P_S_
\SfWjgU^P_a bgcQ_S JfS bag]Wc[\O ^bacWRfW focS _S
TUO]WfW fS W_fmeZ[S
,3@5
JW ^Wc[\O bcaUcO^^SfS YiWR ^WfO Sbm P_S_ ac[e^P_a
icm_a P_S eQ^S <_aR`fW fY_ bmcfS fYd ege\WgQd \S[
S_S\SfPjfW fS hSUYfO Q UgcRefW fa \cPSd Q fS
bag]Wc[\O DWfO fa \]WRe[â bSfQefW `S_O fa b]Q\fca
W\\R_YeYd 12%02
*ECGCK3
CSfO fa `WbOUk^S fag \cPSfad fk_ bag]Wc[\o_ Q
fk_ jSc[o_ VY^[agcUWRfS[ gUcm <gfm fa gUcm VW_
Wb[fcPbWfS[ eW \S^RS bWcRbfkeY _S icYe[âba[YZWR Q
_S PcZW[ eW WbShQ ^W O]]S fcmh[^S
2;7*-"
2*)-;3 120$2--"503
&2*08 #2063
7PSDY
# VQPRD
8LW[D QVSSD[PH QXEH[VY
# VQPRD
7V[bWV\RV ?LSH^PZSETV QV[bWV\RV
# VQPRD
C`SG
# VQPRD
*EC7E1@@5H5
@579=E2@5HCF
DW fS bcaUcO^^SfS ^SUW[cP^Sfad ^bacWRfW _S
^SUW[cPjWfW cnX[ bSfOfWd \S[ ]SiS_[\O
'579=E=>N G>9OCF
DSUW[cWnWfW fS fcmh[^S eW P_S \SfO]]Y]a U[S
^[\ca\n^SfS ^SUW[c[\m e\Wnad ^W \SbO\[ =[S fa cnX[
ZS QfS_ e\ab[^mfWca _S icYe[âba[QeWfW ^[S ^WUO]Y
jY]Q hmc^S
@gURefW fS fcmh[^S NcW[OXWefW fS efa[iWRS U[S fY
cnZ^[eY fag bcaUcO^^Sfad
InX[ DY icYe[âba[WRfW cnX[ eW eS\ag]O\[ ^SUW[cPq
^Sfad HcaeZPefW fY_ SbScSRfYfY baemfYfS _Wcan
en^hk_S ^W fS efa[iWRS fag \SfSe\WgSefQ bag
S_ShPca_fS[ efY ege\WgSeRS CS_a_[\O WR_S[ Y V[b]Oe[S
^Pic[ fc[b]Oe[S baemfYfS fag TOcagd fag cgX[an
HSfOfWd =[S TcSefPd bSfOfWd \mjfW f[d hcPe\Wd
bSfOfWd eW ^[\cO aâ[mâchS \a^Ôf[S =[S \OZW
Uc TcSefPd bSfOfWd bcaeZPefW ^RS\agfS][O _Wcm
\S[ ]RUa S]Of[
McPe\S ]SiS_[\O @gURXWfW fS hcPe\S \SZSc[e^P_S
]SiS_[\O CmjfW fS ]SiS_[\O eW ^[\cO aâ[mâchS
\a^Ôf[S =[S \OZW Uc ]SiS_[\O bcaeZPefW ^RS
\agfS][O _Wcm
,3@5
CSfO fY V[Oc\W[S bag fa bcmUcS^^S fcPiW[ YiWR ^WfO
Sbm ]RUa P_S eQ^S <_S\SfPjfW fS fcmh[^S
0ENACF ;E9@45F
:fS_ a]a\]YckZWR fa bcmUcS^^S S_S\SfPjfW fS
fcmh[^S S\m^S ^[S hacO =[S fY_ W`[eaccmbYeY fYd
ZWcâ\cSeRSd ZS QfS_ e\mb[â _S YcW^Qeag_ S\m^S
W]WbfO
KS SbafW]Pe^SfS fag ^SUW[cP^Sfad W`Scfo_fS[ Sbm
fY_ ba[mfYfS \S[ fY enefSeY fk_ fcahR^k_
2;7*-"
2*)-;3 120$2--"503
&2*08 #2063
=cMP
# VQPRD
<H[D[LY
# VQPRD
AXEZQH RH^HTPQD
# VQPRD
DW fa !18:=D ^bacWRfW _S hf[O`WfW fa V[\m eSd
bcmUcS^^S A ]W[fagcURS !18:=D ^_Q^Y WR_S[
[V[SRfWcS icQe[^Y mfS_ ^SUW[cWnWfW \Oba[a hSUYfm
ba]n egi_O DbacWRfW _S SbaZY\WneWfW fY cnZ^[eY \S[
_S fY_ \S]PeWfW `S_O abafWVQbafW
DC<3>9IG;
(/14:
HScOVW[U^S
+ ]WbfO
HSfQefW JfY_ P_VW[`Y S_OTW[ HSfQefW fY_ Wb[Zg^YfQ [ein ^[\ca\gÔfk_
JfY_ P_VW[`Y S_OTag_ Y Wb[]WU^P_Y [ein \S[
]Wbfm
IgZ^RefW ^W fa_ bWc[efcah[\m V[S\mbfY fY ica_[\Q
V[Oc\W[S
?b[TWTS[oefW ^W fa A ocS W^hS_RXWfS[ `S_O efY_ P_VW[`Y
A cnZ^[eY PiW[ SbaZY\WgfWR
DbacWRfW WbReYd _S SbaZY\WneWfW fa (+-05 \S[ _S
`W\[_QeWfW S^Pekd DY_ bSfQefW efa fP]ad S]]O
bSfQefW fa b]Q\fca W\\R_YeYd "2%02
.DC894B9=F
>W_ ^bacWRfW _S SbaZY\WneWfW bWc[eemfWcWd f[^Pd
[einad ^[\ca\gÔfk_ fY ^[S ^WfO fY_ O]]Y
>W_ ^bacWRfW _S SbaZY\WneWfW fS Sgfm^SfS
bcaUcO^^SfS
EPS SbaZQ\WgeY (+-05 D_Q^Y
HSfQefW G[ bS][Pd cgZ^ReW[d W^hS_RXa_fS[
<baZY\WnefW fa _Pa bcmUcS^^S mbkd bWc[UcOhWfS[
efS eY^WRS Pkd ">>4A;G; DbacWRfW _S `W\[_QeWfW fa SbaZY\Wg^P_a bcmUcS^^S
ba]n Sb]O KabaZWfQefW fa hSUYfm eSd ^PeS efY
ege\WgQ C]WRefW fY_ bmcfS fYd ege\WgQd
HSfQefW G[ SbaZY\Wg^P_Wd cgZ^ReW[d W^hS_RXa_fS[
HSfQefW fa b]Q\fca W\\R_YeYd "2%02 A V[Oc\W[S
hSR_WfS[ _S fcPiW[ efY_ P_VW[`Y eW S_fRefcahY
^PfcYeY
$ KECA=>3 8=1E>9=5
H9?94MG9
8_S eQ^S YiWR A ege\WgQ SbW_WcUaba[WRfS[ <_aR`fW
fY_ bmcfS fYd ege\WgQd Q bSfQefW fa b]Q\fca "2-.
,H5@1H;@5
<_aR`fW fY_ bmcfS fYd ege\WgQd DWfO fa \]WRe[â
bSfQefW `S_O fa b]Q\fca W\\R_YeYd "2%02 A
]W[fagcURS fag hanc_ag ^[\ca\gÔfk_ eg_WiRXWfS[
,63G=@C H;F EO<@=G;F
HSfQefW fa b]Q\fca "2-. Vna hacPd Q S_aR`fW fY_
bmcfS fYd ege\WgQd \S[ bSfQefW fa b]Q\fca "2-.
^RS hacO
??573 H;F 8=1E>9=5F HCI G3@5HCF
:fS_ SbW_WcUaba[WRfS[ Y ege\WgQ S\anfW P_S eQ^S
KY ica_[\Q V[Oc\W[S fag YiYf[\an eQ^Sfad ^bacWRfW _S
fY S]]O`WfW
=[ Sgfm bSfQefW fa b]Q\fca W\\R_YeYd '?-=? bWcRbag
U[S VWgfWcm]WbfS
A \S[_ancU[S V[Oc\W[S fag eQ^Sfad W[eOUWfS[ efY
^_Q^Y fYd ege\WgQd A ocS W^hS_RXWfS[ `S_O efY_
P_VW[`Y
>g_SfQ cnZ^[eY
>[Oc\W[S eQ^Sfad ^[\cQ Qia[
>[Oc\W[S eQ^Sfad ^WUO]Y Qia[
/ECAH485 >5= >5<5E=G@NF
DY icYe[âba[WRfW bafP ege\WgPd \SZSc[eân ^W
gjY]Q bRWeY Q ege\WgPd W\fm`WgeYd Sfân CR_Vg_ad
TcSig\g\]o^Sfad
DY icYe[âba[WRfW bafP Vg_SfO Q fcSi[O g][\O
\SZSc[eân A W`kfWc[\Q Wb[hO_W[S ^bacWR _S gbaefWR
XY^[O ?O_ P_S fPfa[a g][\m igZWR bO_k efY_ ^bcaef[_Q
b]WgcO ehagUURefW fa S^Pekd ^W _Wcm
.?=>1 >5<5E=G@CO
64+&6 &/:5&2*+
-& -12045*. 1,&62
".0/&!%:506 8,6#"
2PDR\SH HWVXX\WHT[PQVc WPD[`T Z[LJTdZ[L [N Z\ZQL\F SL ETH
SHRHQb WHTG
2PDR\SH HWVXX\WHT[PQVc WPD[`T Z[LJTdZ[L [N Z\ZQL\F SL ETH
SHRHQb WHTG
/WVSHQXcTL[L WDT[V[L HSEZ`Y [V\Y RLQEKLY HZILZ[GV\ RGWV\Y
QVXT ]RDV\X QHP WX`[LaTdT
>[NT \WNXLZGH [L^TPQFY LU\WNXE[NZNY WLRH[dT F Z[H LPKPQD
QH[HZ[FSH[H SWVXLG[L TH WXVSNOL\[LG[L [H LPKPQD QHOHXPZ[PQD
HTVULGK`[V\ ^DR\IH
=203 -"$&*2-"503
4LZ[b KPDR\SH HWVXX\WHT[PQVc WPD[`T F UPKbTLXV Z[LJTdZ[L [N
Z\ZQL\F QHRD S ETH SHRHQb WHTG
=203 -"$&*2-"503 "1; ".0/&!%:50
8,6#"
9N ^XNZPSVWVPLG[L ZWXEP NRLQ[XPQVc ]VcXTV\ QHP DRRH K\TH[D
HWVXX\WHT[PQD ]VcXTV\ F \RPQD [XP_GSH[VY
/QH[DRRNRH LGTHP
LWGZNY [V ZcXSH [XP_GSH[VY [H [XH^PD Z]V\JJDXPH QHP [H
QHOHXPZ[PQD QH[ZHXVRdT
/\[D [H \RPQD KNSPV\XJVcT
JXH[ZV\TPEY Z[NT LWP]DTLPH
5&$".010!(4(
4LZ[b KPDR\SH HWVXX\WHT[PQVc WPD[`T
'-*" 1;25"3
@JXb QHOHXPZSVc [MHSPdT
-= DE2D9= A5 >1A9H9 G9 D9E4DHMG;
6?16;F
?O_ bScage[SefWR \Oba[S T]OTY VW eY^SR_W[ bkd WR_S[
\Of[ fa eaTScm egi_O Y S[fRS WR_S[ SeQ^S_fY Hc[_
\S]PeWfW fY_ gbYcWeRS fWi_[\Qd W`gbYcPfYeYd bW]Sfo_
bcaeP`fW bScS\S]o f[d S\m]agZWd gbaVWR`W[d
,#(
*)". "*5!"
10%&!/&*3.5*-&5=1*4(
5 Z\ZQL\F KL RLP[V\XJLG
?V ]PY KLT LGTHP
Z\TKLKLSETV
?VWVOL[FZ[L [V XL\SH[VRFW[N Z[NT
WXGMH
2PHQVWF XLcSH[VY
3REJU[L HT HTDILP N RDSWH [V\
K`SH[GV\
5 HZ]DRLPH LGTHP ^HRHZSETN 7VP[DU[L Z[V QPId[PV [`T HZ]HRLPdT
LDT N HZ]DRLPH JPH [N Z\ZQL\F LGTHP
LT[DULP
3Z]HRSETVY ^LPXPZSbY
7H[LIDZ[L [NT HZ]DRLPH JPH [N Z\ZQL\F
Z[V QPId[PV HZ]HRLPdT QHP SL[D HWb
WLXGWV\ KL\[LXbRLW[H HTLIDZ[L [NT
UHTD
,#(
*)". "*5!"
10%&!/&*3.5*-&5=1*4(
>[NT ETKLPUN HTDIV\T [XGH
SNKLTPQD
2PHQVWF XLcSH[VY
=\OSGZ[L [NT dXH HWb [NT HX^F
5 Z\ZQL\F KL IXGZQL[HP ZL
XJ >[NT
N ETKLPUN
UN
RLP[V\XJGH
IXGZQL[HP SPH ^XVTPQF KPDXQLPH
; WLXPZ[XV]PQbY KPHQbW[NY
SL[HQPTFONQL HOERN[H
<H[FZ[L [V WRFQ[XV *'(
9L[D [N XcOSPZN KLT
WH[FONQL [V WRFQ[XV
LQQGTNZNY *")*
<H[FZ[L [V WRFQ[XV LQQGTNZNY *")* F
ZIFZ[L [N XcOSPZN SL [V WRFQ[XV
*'(
5 WbX[H KLT LGTHP [LRLG`Y
QRLPZ[F
3REJU[L LDT E^V\T SHJQdZLP
\WVRLGSSH[H ]HJN[Vc F QDWVPV UETV
ZdSH Z[NT WbX[H
?V WRFQ[XV LQQGTNZNY
*")* KLT WH[FONQL
<H[FZ[L [V WRFQ[XV LQQGTNZNY *")*
=\OSGZ[NQL SPH WVRc SPQXF
IHOSGKH PZ^cVY
SPQXVQ\SD[`T
3WPREU[L SPH SLJHRc[LXN IHOSGKH PZ^cVY
SPQXVQ\SD[`T
>[N Z\ZQL\F [VWVOL[FONQL
SPH SLJHRc[LXN WVZb[N[H
HW b[P Z\TFO`Y
2PWRDZPH WVZb[N[H KPWRDZPVY ^XbTVY
?H ]HJN[D F[HT WPV QXcH
HW b[P Z\TFO`Y
/THQH[E_[L F J\XGZ[L LTKPDSLZH [V
]HJN[b
/Wb [VT WLXPZ[XL]bSLTV KGZQV
HQVcJL[HP ETHY ObX\IVY
[XPUGSH[VY F [XPIFY
>[NT WLXPV^F [V\
SN^HTPZSVc QGTNZNY [V\
WLXPZ[XL]bSLTV\ KGZQV\
\WDX^LP XcWHTZN F QDWVPV
UETV ZdSH
7HOHXGZ[L [V KHQ[cRPV QHP [NT QVPRb[N[H
Z[V ^dXV SHJLPXESH[VY
5 RLP[V\XJGH SPQXVQ\SD[`T
KPHQbW[L[HP ^`XGY LS]HTF
HP[GH
; ]VcXTVY SPQXVQ\SD[`T
E^LP SPH IRDIN
3DT LWHTHRHSIDTL[HP H\[b [V Z]DRSH
QHREZ[L [NT \WNXLZGH [L^TPQFY
LU\WNXE[NZNY WLRH[dT
?H SPQXVQcSH[H KL
RLP[V\XJVcT
?H ]HJN[D MLZ[HGTVT[HP
HXJb[LXH HW b[P SE^XP [dXH
)= 9D=G>9I2F 9D=HE2D9H5= A5 74ACAH5= @NAC 5DN
9>D5=89I@2ACIF H9KA=>COF HCI G2E6=F ?O_ Y
ege\WgQ eSd VW_ Wb[e\WgSefWR ekefO ^bacWR _S
bca\njag_ eaTScaR \R_Vg_a[ U[S eSd
.D;E9G45 H9KA=>3F 9BID;E2H;G;F
D9?5HPA
JW bWcRbfkeY bag Y ege\WgQ eSd bcPbW[ _S
Wb[e\WgSefWR TcRe\WfS[ efY V[OZWeQ eSd Y gbYcWeRS
fWi_[\Qd W`gbYcPfYeYd fk_ bW]Sfo_ ^Sd A V[WnZg_eY
\S[ a Sc[Z^md fY]Who_ag fYd b]Ye[PefWcYd gbYcWeRSd
fWi_[\Qd W`gbYcPfYeYd bW]Sfo_ TcRe\a_fS[ efa_
fY]Whk_[\m \SfO]aUa <\m^S \S[ fS \P_fcS ePcT[d bag
eSd VR_ag^W ZS eSd gbaVWRàg_ WgiScRefkd fY_
gbYcWeRS fWi_[\Qd W`gbYcPfYeYd fk_ bW]Sfo_ ^Sd
efa_ fmba \Sfa[\RSd eSd
E=<@NF >5=
5E=<@NF
>R_WfW bO_fafW efY_ gbYcWeRS fWi_[\Qd W`gbYcPfYeYd
bW]Sfo_ fa_ Sc[Z^m bcalm_fad Sc[Z \S[ fa_ Sc[Z^m
\SfSe\WgQd Sc[Z fYd ege\WgQd eSd KY_ b[_S\RVS
fnbag ^W fagd Sc[Zând Sgfand ^bacWRfW _S fY_
TcWRfW S_aRUa_fSd fY_ bmcfS fag iocag ^SUW[cP^Sfad
VW`[O =[S _S ^Y icW[SefWR _S jOi_WfW ba]n eW
bWcRbfkeY T]OTYd UcOjfW S^Pekd WVo fS efa[iWRS
fYd ege\WgQd eSd
/XPO
/XPO
@WNXLZGH [L^TPQFY
LU\WNXE[NZNY WLRH[dT EC= 977O;G;F
A WUUnYeY bScPiWfS[ U[S W[\ae[fPeeWc[d ^Q_Wd
Sbm fY_ Y^Wca^Y_RS SUacOd fYd ege\WgQd bag
S_SUcO7WfS[ efY ZWkcY^P_Y SbmVW[`Y SUacOd VW]fRa
][S_[\Qd bo]YeYd Q f[â]mU[a =[S fY_ bScaiQ fYd
WUUnYeYd SbS[fWRfS[ Y WbRVW[`Y fYd ZWkcY^P_Yd
SbmVW[`Yd SUacOd
A WfS[cWRS ^PeS efS b[a bO_k ica_[\O mc[S eW
bWcRbfkeY b]Y^^W]and ]W[fagcURSd fYd ege\WgQd
S_S]S^TO_W[ fY_ gbaicPkeY fYd WbS_S7acOd fYd eW
a^S]Q ]W[fagcURS \S[ fYd S_f[\SfOefSeYd \OZW fgim_
W]Sffk^Sf[\an ^Pcagd b]Y_ fk_ S_S]oe[^k_ \S[ fk_
WgbSZo_ mbkd fS UgO][_S a[ ]S^bfQcWd \]b
W7mea_ SgfQ bcaPciWfS[ Sbm fY_ \SfSe\WgQ \S[ mi[
Sbm fY_ \S\Q icYe[âbaRYeY fY_ ]S_ZSe^P_Y
WU\SfOefSeY fY_ ^Y fQcYeY fk_ aVYU[o_ icQeYd fY_
S\SfO]]Y]Y eg_fQcYeY fY_ WbP^TSeY ^Y
Wàge[aVafY^P_k_ bcaeobk_ Q W`kUW_WRd bScOUa_fWd
mbkd Y]W\fc[\Pd Wb[VcOeW[d \f] JfY_ bWcRbfkeY bag
Y WfS[cWRS W[Vaba[YZWR U[S fY_ b]Y^^W]Q ]W[fagcURS
^WfO fY_ bOcaVa W`S^Q_ag Sbm fY_ SUacO fYd
ZWkcWRfS[ mf[ Y ege\WgQ \SfO fY_ bScOVaeQ fYd efa_
fW][\m \SfS_S]kfQ ]W[fagcUaneW \S_a_[\O \S[ mf[ Y
T]OTY VW_ a7WR]WfS[ eW W]Sffk^Sf[\mfYfO fYd W\fmd S_
a fW][\md \SfS_S]kfQd SbaVWR`W[ fa S_fRZWfa CSfO fY
V[Oc\W[S fYd WUUnYeYd bScPia_fS[ VkcWO_ fS
S_fS]]S\f[\O Y WcUSeRS Wb[e\WgQd \S[ Y ^WfS7acO fYd
ege\WgQd S_ Sgfm \c[ZWR SbScSRfYfa efS eg_WcUWRS
fYd WfS[cWRSd Gba[SVQbafW O]]Y S`RkeY Sba\]WRWfS[
A WUUnYeY VW_ [einW[ eW bWcRbfkeY
bcSU^SfabaRYeYd Wb[e\Wgo_ Q UW_[\O bScW^TOeWk_ ^Y
Wàge[aVafY^P_k_ Sbm fY_ WfS[cWRS bcaeobk_ efY
ege\WgQ
A \OZW Wb[e\WgQ Q Y S_f[\SfOefSeY W]Sffk^Sf[\an
^Pcagd VW_ bScSfWR_W[ fa_ icm_a fYd WUUnYeYd
?`ScfQ^SfS \S[ g][\O bag S_f[\SZ[efo_fS[ \SfO fY
V[Oc\W[S fYd WUUnYeYd Wb[efcP7a_fS[ efa eg_WcUWRa
A WUUnYeY bSnW[ _S [einW[ Sbm fY ef[U^Q bag Y
\gc[mfYfS fYd ege\WgQd ^WfST[TSefWR eW fcRfa
bcmekba Sbm fa_ SUacSefQ
<]]SUQ fYd ege\WgQd UR_WfS[ ^m_a_ efY_ bWcRbfkeY
bag VW_ WR_S[ Vg_SfQ Y Wb[V[mcZkeQ fYd
-9KA=>1 GHC=K945
<HXV^F XLcSH[VY
e ,
>\TVRPQF Z\TKLKLSETN
PZ^cY XLcSH[VY
!
6Z^cY SPQXVQ\SD[`T
!
>\^Tb[N[H
,
2PHZ[DZLPY + + e >\ZQL\F
++ #&
e BdXVY SHJLPXESH[VY
++ #&
0DXVY
%$
-RLJ^VY THP
>FSH THP
<gfQ Y ege\WgQ S_fSba\cR_WfS[ efa bcmfgba Q " ! ?R_S[ P_S bcalm_ fYd aÔVSd fO`Y GÔVS eY^SR_W[ mf[ VY^[agcUan_fS[ ^[\ca\n^SfS ^W
e\abm fY ZPc^S_eY fk_ fcahR^k_
KO`Y VY]o_W[ mf[ Y ege\WgQ WR_S[ \SfO]]Y]Y U[S
a[\[S\Q icQeY
?8 ,< J! I J!@/ 8 2A7@H 1< 1 82@A &4
43@494 91 2 A=82@H
?ESA*F,TKE- SDGVSF, >*EE-, $G@-?->+F?- ]Y@+]TG*F*\SS :-+T, YF-<- 2J ? ]-TE-H A,., +A-B,F,
S+]-TKD-?*FK ?+, F,1ESV,+@S, ?-DA-BE-+FS 2*W,<@-A]*@FE-<- >G1-?-<- W@*U* + [email protected]?-TE*AS
2 E*+F-[X,A .G@-?->+F?, ]- Y@+]TG*F*\SS 2J E*H>,F,
SEU-.A*\SZ - A,.*1 9,D-]*+E-+FS S GDE*,F, EZ*E+J
-F>,TKEJ1 GDT-? 2*W,<- ].S9-.* AJ +- +?-,H
+F-.-EJ ]-A-B,A 2*A E*+F.-SFK ,<- ? +--F?,F+F?SS +
2*WSAS ].,>]-VF,ES[AS QF- +-?+,A ].-+F-
2 ].ST-B,EEJ1 F*9TS\*1 2J E*H>,F, .,@-A,E>*\SS ]].S<-F-?T,ESZ 9TZ> S ?J9-.G G.-?E[ G+F*E-?@S
].-FS?E[ 2+, .,\,]FJ S G+F*E-?@S 9JTS
].,>?*.SF,TKE- ].-F,+FS.-?*EJ ? E*W,H @G1E,+FG>SS
,+TS ?>.G< ?-DES@EGF ].-9T,AJ E* +F.*ES\*1
E*+F-[X,H SE+F.G@\SS >*E* SEU-.A*\S[ + ]-A-XKZ
@-F-.-H 2J +A-B,F, +*AS G+F.*ESFK A,T@S, E,]-T*>@S
:->.-9E-, -<T*?T,ES, ]-A-B,F 2*A 9J+F.- S
YUU,@FS?E- -+GX,+F?T[FK ]-S+@
:.S[FE-<- *]],FSF*
1!57@
-!1 J 13AGC7@4 7 2 /
J!@, ! :,.,> A-EF*B-A *87 23 @ J 13AGC7@ C8
A198
,!8@8= 27@47@ :.*?ST* F,1ES@S 9,D-]*+E-+FS :.*?ST* F,1ES@S 9,D-]*+E-+FS ].S ]-TKD-?*ESS
>G1-?JA W@*U-A+ [email protected]?-TE-?JA .,BSA-A -7A= 9J!2A7@H :.SE*>T,BE-+FS -!1 J!2<4 @J A=6 27@4 7+F*E-?@* ?.,A,ES +GF-@ (@3! 2 A7< :-+G>* 4-XE-+FK [email protected]?-TE 7+F*E-?@* 7@*D*ES[ @ F*9TS\*A $*DA-.*BS?*ES, $*DA-.*BS?*ES, .*D-<.,?*ES, STS >-?,>,ES,
D*A-.-B,EEJ1 ]-TGU*9.S@*F-? >- <-F-?E-+FS $*D-<.,?*ES, ]-TGU*9.S@*F-? =-?,>,ES, ]-TGU*9.S@*F-? >- <-F-?E-+FS $,@-A,E>*\SS ]- S+]-TKD-?*ESZ [email protected]?-TE 28 48@C3@ J! /!44< 7+F*E-?@* :.-<.*AAJ .*DA-.*BS?*ES[ :.-<.*AAJ ].S<-F-?T,ES[ 1!57@
-4H8= 2?-> ? ]*A[FK 2@TZV,ES, UGE@\SS ]*A[FS >6477@ J! 1 A5@8A=7 8@ @/7A *$ 1 @
C@83 OS+F[XS, +.,>+F?* ?8
1A8= J!@ 7@J!27 8@ !2@7 ,A95@27@ 6,1ESV,+@S, 1*.*@F,.S+FS@S -!1 J 13AGC7@4 7 2 /
J!@, !
&57< J!2@A
8$7@3@ ,6 J7 8@
2ESA*F,TKE- SDGVSF, >*EE-, $G@-?->+F?- ]Y@+]TG*F*\SS #E- ]-A-B,F 2*A E*GVSFK+[
].*?STKE- S 9,D-]*+E- G].*?T[FK ].S9-.-A
(.*ESF, ].*?ST* ]-TKD-?*ES[ S SE+F.G@\SZ
]-A-EF*BG ? E*>,BE-A A,+F, :.S ].->*B,
]TSFJ ],.,>*HF, E-?-AG ,, ?T*>,TK\G F*@B, -9,
SE+F.G@\SS
-!1 4 785 4
-!2@A=7H 98@A@6I@H
9J3 23@
$*+]*@GHF, ].S9-. :-AESF, -9 -1.*E,
[email protected]*ZX,H +.,>J GFSTSDS.G[ G]*@-?@G
- 2!517@H J!@
8!7J !8@! 23
$*+]*@GHF, S -+A-F.SF, ].S9-. 2 +TGV*,
-9E*.GB,ES[ ]-?.,B>,ESH +?[D*EEJ1 +
F.*E+]-.FS.-?@-H E, ]->@TZV*HF, ].S9-.
+TS +,F,?-H ].-?-> ]-?.,B>,E ?- SD9,B*ES,
-]*+E-+FS ,<- >-TB,E D*A,ESFK +],\S*TKE-9GV,EEJH SD<-F-?SF,T,A +],\S*TS+F
. !HC@: 19$ 2 : D3B
, ].S@*+*HF,+K @ ]-?,.1E-+F[A E*<.,?*F,TKEJ1
].S9-.-? ]TSF S ],V,H 2- ?.,A[ Y@+]TG*F*\SS
-ES E*<.,?*ZF+[ 2EGF.,EE[[ ]-?,.1E-+FK
>G1-?-<- W@*U* S E*<.,?*F,TKEJ, YT,A,EFJ
E*<.,?*ZF+[ -V,EK +STKE- #]*+E-+FK -B-<*
, ]-D?-T[HF, >,F[A ]->1->SFK 9TSD@-
- 13AGC7@ 3
FA38! 8@
+TS +,F,?-H ].-?-> ]-?.,B>,E ?- SD9,B*ES,
-]*+E-+FS ,<- >-TB,E D*A,ESFK +],\S*TKE-9GV,EEJH SD<-F-?SF,T,A +],\S*TS+F
*87 23 @
J 13AGC7@
-9TZ>*HF, +],\S*TKEJ, G@*D*ES[ ]- A-EF*BG
*87 23 @ J 13AGC7@
=*EE*[ ],VK ].,>E*DE*V,E* F-TK@- >T[ 9JF-?-<S+]-TKD-?*ES[
-9TZ>*HF, +],\S*TKEJ, G@*D*ES[ ]- A-EF*BG
:.S9-. A-BE- A-EFS.-?*FK ? E*?,+E-A W@*UG
WS.SE-H +A E, A,E,, +A <TG9SE-H S
ASESAGA +A E*> G.-?E,A ]-T*
:.S9-. A-BE- ]->@TZV*FK @ +,FS E- F-TK@V,.,D ].*?STKE- G+F*E-?T,EEGZ .-D,F@G +
D*D,AT[ZXSA @-EF*@F-A 3.-A, F-<-
].,>-1.*ESF,TK >-TB,E 9JFK .*++VSF*E E*
^*A],. STS *?F-A*F * E*].[B,ES, ? +,FS
+--F?,F+F?-?*FK >*EEJA G@*D*EEJA E*
US.A,EE-H F*9TSV@,
:,.,E-+ .-D,F@S STS D*A,E* +,F,?-<- ].-?->*
>-TBEJ ?J]-TE[FK+[ F-TK@- @?*TSUS\S.-?*EEJA
YT,@F.S@-A +TS ]-+T, G+F*E-?@S ],VS >WF,]+,TKE-H ?ST@S E,?-DA-BE- 9G>,F >-9.*FK+[
F- ].S G+F*E-?@, +T,>G,F +>,T*FK +],\S*TKEJH
?J@TZV*F,TK >T[ -F@TZV,ES[ ?+,1 ]-TZ+-? F*@
VF-9J .*++F-[ES, A,B>G .*D-A@EGFJAS
@-EF*@F*AS -@*D*T-+K E, A,E,, AA
, S+]-TKD-?*FK F.-HES@S .*D?,F?SF,TS S
G>TSESF,TS :.S ],.,<.GD@, +GX,+F?G,F -]*+E-+FK
?-D<-.*ES[
C8 A198
27@47@
-!2@A 8$7@3@
,6 J7 8@ ,!8@8=
=*EEJH ].S9-. ].,>E*DE*V,E F-TK@- >T[
9JF-?-<- S+]-TKD-?*ES[
L+]-TKDGHF, ].S9-. F-TK@- >T[ ].S<-F-?T,ES[
]SXS
L+]-TKD-?*ES, ].S9-.* ?D.-+TJAS S >,FKAS 9,D
].S+A-F.* @*F,<-.SV,+@S D*].,X*,F+[
? +TGV*, E*TSVS[ -<.*ESV,ESH ]- USDSV,+@-AG
STS ]+S1SV,+@-AG +-+F-[ESZ ].S E*.GW,ES[1
VG?+F?SF,TKE-+FS
STS ].S -F+GF+F?SS E,-91->SAJ1 DE*ESH S
-]JF* ]- ].*?STKE-AG S 9,D-]*+E-AG
]-TKD-?*ESZ ].S9-.-A
08@ @ 4@3! 2 A7 2<:
!5@4
=,F[A A-BE- ]-D?-TSFK <-F-?SFK ?
[email protected]?-TE-?-A .,BSA, F-TK@- ? F-A +TGV*,
,+TS -ES 9JTS -9GV,EJ -9.*X,ESZ + ESA #ES
>-TBEJ GA,FK ].*?STKE- ]-TKD-?*FK+[ ].S9-.-A
S -+-DE*?*FK -]*+E-+FK +?[D*EEGZ + ,<Y@+]TG*F*\S,H
2- ?.,A[ S+]-TKD-?*ES[ ].S9-.* >,FS >-TBEJ
E*1->SFK+[ ]-> ].S+A-F.-A ? \,T[1
].,>G].,B>,ES[ S1 ?-DA-BE-<- 9*T-?+F?*
#+F-.-BE- [email protected], >?,.\G ].S9-.* LD E,<A-B,F ?J.?*FK+[ <-.[VSH ]*. #]*+E-+FK -B-<*
, ]-D?-T[HF, >,F[A ]->1->SFK 9TSD@-
. !HCH JC=
, 1.*ESF, T,<@-?-+]T*A,E[ZXS,+[ ].,>A,FJ ?
].S9-., #]*+E-+FK ?-D<-.*ES[
, [email protected]?*HF, >?,.\G ].S9-.* ,+TS ?EGF.S
].S9-.* -9.*D-?*T+[ >JA #]*+E-+FK -B-<*
2J@TZVSF, ].S9-. 2J@TZVSF, ].,>-1.*ESF,TK ?
9T-@, ].,>-1.*ESF,T,H
, >-]G+@*HF, D*X,AT,ES[ +-,>SESF,TKEJ1
].-?->-? YT,@F.-].S9-.-? <-.[V,H >?,.\,H
].S9-.* LD-T[\S[ @*9,T[ A-B,F .*+]T*?SFK+[
#]*+E-+FK @-.-F@-<- D*AJ@*ES[
- 2!517@
12!I<J!@, !
@A@9JA 877@H
, S+]-TKDGHF, [email protected]?-TE-?JH .,BSA ,+TS
]-?.,B>,E* >?,.\* ].S9-.* STS ,, G]T-FE,ES,
2-DA-B,E ?J1-> YE,.<SS [email protected]?-TE E*.GBG
:.S9-.-A A-BE- ]-TKD-?*FK+[ F-TK@- ]-+T,
E*>T,B*X,<- .,A-EF*
3!95GE
J! 8!782
, ]-TKDGHF,+K ].S9-.-A ].S +TSW@-A ?J+-@-H
F,A],.*FG., STS +J.-+FS #]*+E-+FK @-.-F@-<D*AJ@*ES[
1 88 C7H
C@83
4 78
$,<GT[.E- ].-?->SF, -VS+F@G ].S9-.*
,>-+F*F-VE*[ -VS+F@* A-B,F ].S?,+FS @
]-?.,B>,ESZ ]-?,.1E-+FS * +- ?.,A,E,A @
.B*?T,ESZ ].S9-.* :.-SD-H>,F ?J1-> YE,.<SS
[email protected]?-TE E*.GBG
:.S E,@?*TSUS\S.-?*EE-A .,A-EF, ].S9-. A-B,F
+F*FK S+F-VES@-A -]*+E-+FS #]*+E-+FK G>*.*
F-@-A $,A-EF A-B,F ].-?->SFK+[ F-TK@+],\S*TS+F-A ,.?S+E-H +TGB9J ].-W,>WSA
+],\S*TKE-, -9GV,ES,
+TS ].S9-. E,S+].*?,E -F@TZVSF,
].,>-1.*ESF,TK ? 9T-@, ].,>-1.*ESF,T,H STS
?JEKF, ?ST@G SD .-D,F@S
2JD-?SF, +],\S*TS+F* ,.?S+E-H +TGB9J
S@-<>* E, [email protected]?*HF, @-.]G+ ].S9-.* :.S9-.
.*9-F*,F ]-> ?J+-@SA E*].[B,ES,A #]*+E-+FK
G>*.* F-@-A
-!2@A 8$7@3@
,6 J7 8@
J!@ J A=6 27@@
19$ 2<4
D3B 4
4@3! 2 A7 2<4
!5@4 4
-!@/ 8 2A7@ J@E@
L+]-TKDGHF, [email protected]?-TE-?JH .,BSA F-TK@- >T[
].S<-F-?T,ES[ ]SXS MZ9-, >.G<-, S+]-TKD-?*ES,
A-B,F 9JFK -]*+EJA STS +F*FK ].SVSE-H
]-?.,B>,ESH *]. @.G][EJ, STS D,.E-?J,
]->GW,V@S ].S .*D-<.,?*ESS A-<GF ?+]J1EGFK
#]*+E-+FK ?-D<-.*ES[
=,FS A-<GF ]-TKD-?*FK+[ [email protected]?-TE-?-H ],VKZ
F-TK@- ? F-A +TGV*, ,+TS -ES -9GV,EJ
-9.*X,ESZ + E,H #ES >-TBEJ GA,FK ].*?STKE]-TKD-?*FK+[ ].S9-.-A S -+-DE*?*FK -]*+E-+FS
E* @-F-.J, G@*DJ?*,F+[ ? >*EE-A $G@-?->+F?, ]Y@+]TG*F*\SS
,TKD[ G+F*E*?TS?*FK +TSW@-A 9-TKWGZ A-XE-+FK
[email protected]?-TE STS ?.,A[ S1 ?-D>,H+F?S[ LDD* YF-<A-<GF ?+]J1EGFK ].->G@FJ S ]-?.,>SFK+[ ].S9-.
#]*+E-+FK ?-D<-.*ES[
=,H+F?GHF, ? +--F?,F+F?SS + G@*D*ES[AS
].S?,>,EEJAS ? $G@-?->+F?, ]- Y@+]TG*F*\SS
, ]-TKDGHF,+K ]-+G>-H E,].S<->E-H >T[
S+]-TKD-?*ES[ ? [email protected]?-TE-?-A .,BSA,
( E7 8= 4@3! 2 A7 @
2!4H 2 61:82@H
- 91
2 .GV@*1 S @.JW@*1 U*.U-.-?-H S @,.*ASV,+@-H
]-+G>J A-<GF 9JFK A,T@S, >J.-V@S D* @-F-.JAS
E*1->[F+[ ]G+F-FJ :.S ].-ES@*ESS ? YFS ]G+F-FJ
?T*<S ]-+G>* A-B,F F.,+EGFK #]*+E-+FK
F.*?AS.-?*ES[
;-.[V*[ ]SX* -F>*,F F,]T- ]-YF-AG ]-+G>*
A-B,F E*<.,FK+[ #]*+E-+FK -B-<*
=T[ ?JESA*ES[ ]-+G>J S ].SE*>T,BE-+F,H SD
>G1-?-<- W@*U* S+]-TKDGHF, ].S1?*F@S
*J3 23
S@-<>* E, .*D-<.,?*HF, ,>G ? F,.A-+F*FSV,+@-H
G]*@-?@, #]*+E-+FK ?-D<-.*ES[
$*D-<.,?*HF, ].->G@FJ ? @-EF,HE,.*1 SD
]T*+FA*++J 9GA*<S STS >.G<S1 ?-+]T*A,E[ZXS1+[
].,>A,F-? F-TK@- ]-> E*9TZ>,ES,A
;,.A,FSVE- D*]*[EE*[ G]*@-?@* ].S E*<.,?*ESS
A-B,F T-]EGFK #]*+E-+FK -B-<*
=,H+F?GHF, ? +--F?,F+F?SS + G@*D*ES[AS
].S?,>,EEJAS E* G]*@-?@, 2JESA*[ 9TZ>*
?+,<>* ]-TKDGHF,+K ].S1?*F@*AS
-! 1938< 7@63@4
1!57@4 2A/@
, .*DA-.*BS?*HF, S E, <-F-?KF, ].->G@FJ +
ESD@SA +->,.B*ES,A ?->J E*]. 1T,9 ].S
?J+-@-H A-XE-+FS [email protected]?-TE STS >-T<-, ?.,A[
#]*+E-+FK ?-D<-.*ES[
J@83@
:.S .*D-<.,?*ESS BS>@-+FS ?-DA-BED*]*D>J?*ES, D*@S]*ES[ 2 YF-A +TGV*,
F,A],.*FG.* D*@S]*ES[ >-+FS<*,F+[ 9,D
-9.*D-?*ES[ ? BS>@-+FS 1*.*@F,.EJ1 ]GDJ.K@-?
=*B, ].S E,9-TKW-A ?+F.[1S?*ESS ]-+G>J
<-.[V*[ BS>@-+FK A-B,F E,-BS>*EE- +STKED*@S],FK STS E*V*FK .*D9.JD<S?*FK+[ #]*+E-+FK
-B-<*
:.S E*<.,?*ESS BS>@-+FS ?+,<>* @T*>SF, ?
,A@-+FK T-B@G 8T*<->*.[ YF-AG G>*,F+[
SD9,B*FK D*>,.B@S D*@S]*ES[
S@-<>* E, .*D-<.,?*HF, BS>@-+FK ? ]T-FED*@.JF-H ]-+G>, #]*+E-+FK ?D.J?*
,TKD[ +STKE- E*<.,?*FK *T@-<-TKEJ, E*]SF@S
#]*+E-+FK ?D.J?*
083 J@87@
, .*D-<.,?*HF, >,F+@-, ]SF*ES, ? D*@.JF-H
]-+G>, 2+,<>* +ESA*HF, @.JW@G STS +-+@G
:-+T, E*<.,?* 1-.-W- ],.,A,W*HF, STS
?D9-TF*HF, +->,.BSA-, 6-TK@- 9T*<->*.[ YF-AG
F,]T- .*?E-A,.E- .*+].,>,TSF+[ ]- ?+,AG
-9I,AG #]*+E-+FK -B-<*
:,.,> F,A @*@ @-.ASFK .,9,E@* ].-?,.KF,
F,A],.*FG.G
-! 1938< 2 3 59!
@A@ 3 5@I:
,TKD[ <-F-?SFK [H\* ? [email protected]], ,
.*D-<.,?*HF, ? ].S9-., [H\* +?*.,EEJ, [email protected]
F*@ @*@ -ES A-<GF ?D-.?*FK+[ QF- -FE-+SF+[
F*@B, @ A-TTZ+@*AS S .*@--9.*DEJA #]*+E-+FK
-B-<*
:.S ].S<-F-?T,ESS [SVES\J<T*DGEKS EGBE].,>?*.SF,TKE- E*@-T-FK B,TF-@
7 ].->G@F-? ]SF*ES[ + B,+F@-H @-BG.-H STS
W@G.@-H E*]. [9T-@ F-A*F-? @*.F-U,T[
+-+S+-@ @-BG.* A-B,F T-]EGFK *@-TSF, @-BG.G
STS @-BS\G ],.,> ].S<-F-?T,ES,A
9D3 J! 1938 2
, +GWSF, ].->G@FJ ? [email protected]?-TE-?-A .,BSA,
#]*+E-+FK ?-D<-.*ES[
8@8A=7 4A
S@-<>* E, .*D-<.,?*HF, .*+FSF,TKE-, A*+T- ?
[email protected]?-TE-?-A .,BSA, #]*+E-+FK ?-D<-.*ES[
-7A= 9J!2A7@H
>71@3I@H
?.,A,ES S
].->-TBSF,TKE-+FS
- 2 ! 87<:
J!3AGC8A=
'7 J3 ?<
'7 J3 # !
>T[ G+F*E-?@S ?.,A,ES
+GF-@ S ?.,A,ES
].S<-F-?T,ES[ STS >T[
E*+F.-H@S .,BSA*
*?F-A*FSV,+@-<].S<-F-?T,ES[
'7 J3 #"#
'7 J3@ 2<, !
4 E7 8@ 4@3! 2 A7
'7 J3 "%
'7 J3@ 1AH
28 48@C3 /
!5@4
2F
2F
2F
2F
2F
$ @E-]@*
:.-<.*AA*
@E-]@* 2,+
'A2@D
83!<27@H 12!I<
-!@71A57 8@
&!EGEHH
J 1823
7+F*E-?@* ?.*X*ZX,H+[ ]->+F*?@S
2+F*?KF, .-TS@-?-, @-TK\\,EF., >E*
7+F*E-?SF, ?.*X*ZXGZ+[ ]->+F*?@G
.-TS@-?-, @-TK\-
? ].S?->
?
E*
L+]-TKDGHF, ],VK F-TK@- + ?1->[X,H ? @-A]T,@F
?.*X*ZX,H+[ ]->+F*?@-H T,>SF, D* F,A VF-9J
.-TS@-?-, @-TK\- 9JT- ].*?STKE- D*US@+S.-?*E-
2.*X*ZX*[+[ ]->+F*?@* A-B,F ?.*X*FK+[ ?T,?- STS
?].*?-
JIJ!@71A57 8@
2J A-B,F, @G]SFK +],\].SE*>T,BE-+FS ?
,.?S+E-H +TGB9, 7@*BSF, E-A,. )
:-+G>* >T[ ].S<-F-?T,ES[ E* ]*.G
) -!1 J!2<4 @J A=6 27@4
:.S ]->+-,>SE,ESS ].S9-.* @ +,FS STS
?.,A,EE-A -F@TZV,ESS YT,@F.-YE,.<SS E* >S+]T,,
?J+?,VS?*ZF+[ F.S EGT[
*87 23
2!47@ 98 3
3E-]@S F,AE-<- \?,F*
+A .S+ S+]-TKDGZF+[
>T[ E*+F.-H@S
*BASF, @E-]@G O*+J * SE>S@*F-., ]-[?SF+[ >?,E*>\*FKV*+-? S :-?-.-FEJA ],.,@TZV*F,T,A G+F*E-?SF,
EGBE-, ?.,A[
*BASF, @E-]@G O*+J * SE>S@*F-., ]-<*+E,F 2.,A[ +GF-@ G+F*E-?T,E-
83AGC7@ @71@3I@@
2!47@ 98 3
*BASF, @E-]@G O*+J S @E-]@G &0-.
LE>S@*\S[ -F@TZV*,F+[
- 28 !7H 987 23
2!47@ 98 3
*BASF, @E-]@G O*+J * >S+]T,, ]-[?SF+[ 2J]-TESF, G+F*E-?@S
@*@ -]S+*E- ? ]GE@F*1 >6477@ 2!47@
98 3
7J! J!@ J!$ 1 A87/ 7 6@47
2!4H
2J]-TESF, G+F*E-?@S @*@ -]S+*E- ? ]GE@F*1 (@3! 2 A7<
[email protected]?-TEJ ].-ES@*ZF ?EGF.K ].->G@F-? S
].,-9.*DGZF+[ ? F,]T- ]-YF-AG .,BSA
[email protected]?-TE ].S<->,E >T[ 9J+F.-<.*DA-.*BS?*ES[ .*D-<.,?*ES[ .*+F*]TS?*ES[ S
].S<-F-?T,ES[ ]SXS
:-].-9GHF, VF-TS9- ].S<-F-?SFK + ]-A-XKZ
[email protected]?-TE *].SA,. .*D-<.,HF, V*W@G ?->J >T[
V*[
2J9,.SF, 9-TKWGZ V*W@G 9,D D-T-F-<- STS
+,.,9.[E-<- -.E*A,EF* S ]-T-BSF, ? E,, V*HEGZ
T-B@G *T,HF, ?->G S ]-+F*?KF, V*W@G E*
?.*X*ZXGZ+[ ]->+F*?@G
*BASF, @E-]@G *BASF, @E-]@G &0*/0
7+F*E-?SF, ASEGF + ]-A-XKZ ]-?-.-FE-<],.,@TZV*F,T[
O,.,D ASEGFG +,@GE> .*D>*+F+[ +S<E*T
2->* .*D-<.,F*
:-@* 2J ]K,F, V*H ,X, .*D ].-VFSF, ].*?ST*
F,1ES@S 9,D-]*+E-+FS ].S .*9-F, + [email protected]?-TE*AS
].S?,>,EEJAS ? E*V*T, .G@-?->+F?* ]Y@+]TG*F*\SS QF- -V,EK ?*BE-
- 91
3 47194H J 91
L+]-TKDGHF, B*.-].-VEGZ ]-+G>G SD +F,@T*
+F,@T-@,.*AS@S U*.U-.* @,.*AS@S STS
F,.A-+F-H@-H ]T*+FA*++J QFS A*F,.S*TJ
].-]G+@*ZF [email protected]?-TEJ
,.?S.-?-VE*[ ]-+G>* F*@B, ]->1->SF >T[ YF-<.,BSA* 6*@SA -9.*D-A E, EGBE- ],.,@T*>J?*FK
9TZ>* SD ->E-H ]-+G>J ? >.G<GZ
L+]-TKD-?*FK ]-+G>G + D-T-FJA STS +,.,9.[EJA
-.E*A,EF-A A-BE- F-TK@- ? F-A +TGV*, ,+TS
SD<-F-?SF,TK ]-+G>J <*.*EFS.G,F ,, ].S<->E-+FK
>T[ [email protected]?-TE-?-<- .,BSA*
J 1$ 1HEH J 91
4,F*TTSV,+@*[ ]-+G>* E, ]->1->SF >T[
[email protected]?-TE-?-<- .,BSA*
F*@ @*@ A,F*TT E, ].-]G+@*,F [email protected]?-TEJ 8TZ>*
E, .*D-<.,?*ZF+[ ? D*@.JF-H A,F*TTSV,+@-H
]-+G>,
2ESA*ES, T,>SF, D* F,A VF-9J A,F*TT
E*].SA,. T-B@* 9JT E* .*++F-[ESS E, A,E,,
+A -F +F,E-@ >G1-?@S S ?EGF.,EE,H +F-.-EJ
>?,.\J [email protected]?J, .*D.[>J A-<GF ]-?.,>SFK
+F,@T- >?,.\J
-! 2!3 J!@/ 17 8@
J 91<
2@TZV*FK [email protected]?-TE-?JH .,BSA + ]G+F-H ]-+G>-H
D*].,X*,F+[
>SE+F?,EEJA S+@TZV,ES,A [?T[,F+[ -]S+*EEJH
ESB, F,+F
+TS 2J E, G?,.,EJ VF- ]-+G>* ]->1->SF >T[
[email protected]?-TE-?-H ],VS ].-SD?,>SF, +T,>GZXGZ
].-?,.@G
]-+F*?KF, ]G+FGZ ]-+G>G E* ASEGFG ?
].S9-. ].S A*@+SA*TKE-H A-XE-+FS :-+T, YF-<].-?,.KF, F,A],.*FG.G :-+G>* >-TBE* 9JFK
1-T->E-H STS E*<.,FK+[ >- F,A],.*FG.J
>-]G+@*ZX,H ].S@-+E-?,ES, .G@-H +TS ]-+G>*
+STKE- E*<.,?*,F+[ STS ].-S+1->SF S+@.,ES, -E*
+VSF*,F+[ E,].S<->E-H
( E7 8=
4@3! 2 A7
*367@
( E7 8=
4@3! 2 A7
J 1$ 1@8
2F
>T[ .*D-<.,?*ES[ BS>@-+F,H
2F
>T[ .*D-<.,?*ES[ S
>-?,>,ES[ >- <-F-?E-+FS
2F
>T[ FGW,ES[ A[+* S
.*D-<.,?*ES[ E,BEJ1 9TZ>
2F
>T[ .*DA-.*BS?*ES[ S
>-?,>,ES[ >- <-F-?E-+FS
2F
>T[ .*DA-.*BS?*ES[ E,BEJ1
9TZ>
4-XE-+FK [email protected]?-TE 2F A-BE- G+F*E-?SFK E*
ASEGF 2F E* V*+ ?+, -+F*TKEJ, DE*V,ES[
A-XE-+FS A-BE- G+F*E*?TS?*FK E* V*+
ASEGF
*87 23
*].SA,.
2F
*BASF, @E-]@G + EGBE-H A-XE-+FKZ
[email protected]?-TE
* SE>S@*F-., D*<-.SF+[ G+F*E-?T,EE-,
DE*V,ES, S ]-[?SF+[ ->E* ASEGF*
7+F*E-?SF, E,-91->SA-, ?.,A[ ].S<-F-?T,ES[
+ ]-A-XKZ ]-?-.-FE-<- ],.,@TZV*F,T[
*BASF, @E-]@G &0*/0
*VSE*,F+[ -F+V,F ?.,A,ES F*HA,.*
&!4H J!@/ 8 2A7@H
@83A
$*D>*,F+[ +S<E*T #[email protected], >?,.\G STS E*BASF,
@E-]@G &0-. * >S+]T,, +E-?* ]-[?T[,F+[
SE>S@*\S[ ?.,A,ES +GF-@
>6477@ 2!47@
J!@/ 8 2A7@H
7+F*E-?SF, EGBEGZ ].->-TBSF,TKE-+FK + ]-A-XKZ
]-?-.-FE-<- ],.,@TZV*F,T[ S ?J]-TESF,
]-?F-.EJH ]G+@
87 23
*BASF, @E-]@G &0-. STS [email protected], >?,.\G
].S9-.* :-+T, D*@.J?*ES[ >?,.\J +E-?*
E*BASF, @E-]@G &0*/0
847
*BASF, @E-]@G &0-. >?*B>J STS [email protected],
>?,.\G S ->SE .*D E*BASF, @E-]@G &0-.
*367@
2J A-B,F, +E*V*T* G+F*E-?SFK
].->-TBSF,TKE-+FK * D*F,A 5 A-XE-+FK
),A@I< @ !3 471I@@
*367@H 3
8,A@I4
2 +T,>GZXS1 F*9TS\*1 -]S+J?*ZF+[ ?-DA-BE-+FS
S+]-TKD-?*ES[ [email protected]?-TE-?-H ],VS + G@*D*ES,A
-]FSA*TKEJ1 ]*.*A,F.-?
CE*V,ES[ ?.,A,ES G@*D*EEJ, ? F*9TS\,
[?T[ZF+[ -.S,EFS.-?-VEJAS #ES D*?S+[F -F
]-+G>J F,A],.*FG.J @*V,+F?* S +?-H+F?
].->G@F-?
2 F*9TS\, V*+F- G@*DJ?*,F+[ >S*]*D-E DE*V,ESH
?.,A,ES E*V*T* G+F*E-?SF, +*A-, @-.-F@-,
?.,A[ S * D*F,A ].S E,-91->SA-+FS G?,TSVKF,
,<-
4-B,F +TGVSFK+[ F*@ VF- -9I,A
].S<-F*?TS?*,AJ1 ].->G@F-? -FTSV*,F+[ -F
G@*D*EE-<- ? F*9TS\,
2 YF-A +TGV*, >,H+F?G,F -9X,, ].*?ST-
=?-HE-H -9I,A
?.,A[ ].S<-F-?T,ES[ ]-VFS
?>?-, G?,TSVS?*,F+[
]-T-?SE* -9I,A* ?.,A[ ].S<-F-?T,ES[
E*]-T-?SEG GA,EKW*,F+[
2+,<>* +F*?KF, ]-+G>G E* ?.*X*ZXGZ+[
]->+F*?@G
64 !5@27@
:-+F*?KF, D*A-.-B,EEJ, ].->G@FJ ? [email protected]
,A@-+FS E* ?.*X*ZXGZ+[ ]->+F*?@G
:.S .*DA-.*BS?*ESS A[+* ]FS\J STS .J9J
-9.*DG,F+[ BS>@-+FK S ? @-,A +TGV*, E,TKD[
S+]-TKD-?*FK ,, >T[ >*TKE,HW,H <-F-?@S -E*
F*@B, E, >-TBE* +-].S@*+*FK+[ + >.G<SAS
].->G@F*AS :.S ],.,?-.*VS?*ESS ].->G@F*
G>*T[HF, YFG BS>@-+FK
2 ].-\,++, .*DA-.*BS?*ES[ .*D*
],.,?,.EGFK STS ],.,A,W*FK 8-TKWS, @G+@S
EGBE- ],.,?-.*VS?*FK E,+@-TK@- .*D
#+F*?SFK .*DA-.-B,EEJ, ].->G@FJ ,X, E*
W ASEGF ].S @-AE*FE-H F,A],.*FG., >T[
?J.*?ES?*ES[ F,A],.*FG.J :-+T, YF-<- ]FS\G
A-BE- ]-F.-WSFK 4[+- A-BE- -9.*9*FJ?*FK
>*TKW, >*B, ,+TS ? +,.,>SE, @G+@* -+F*E,F+[
E,9-TKW-, D*A-.-B,EE-, [>.-
,;4 ( E7 8= 4@3! 2 A7 &88
&!4H 4@798
*367@H
4[+- @G+@-A
<-?[>SE* +?SESE*
F,T[FSE*
+ @-+F[AS S 9,D
<
<
<
2F 2F 2F 2F 2F 2F 4[+- @G+-V@*AS STS
T-AFS@*AS
<-?[>SE* +?SESE*
F,T[FSE*
<
<
<
2F 2F 2F 2F 2F 2F :.S ],.,?-.*VS?*ESS
-F>,TSFK V*+FS >.G< -F
>.G<*
4[+E-H U*.W
+A,W*EEJH
<
<
<
2F 2F 2F 2F 2F :.S D*A-.*BS?*ESS
+>,T*FK @*@ A-BE- 9-T,,
F-E@SH +T-H 2- ?.,A[
.*DA-.*BS?*ES[
E,+@-TK@- .*D
],.,?,.EGFK +ESA*[ GB,
.*DA-.-B,EEJH U*.W
:FS\* STS V*+FS
]FS\J
<
<
2F 2F 2F 2F $J9*
UST, 9SF-V@S
T-AFS@S
<
2F 2F #?-XS E*].SA,.
<-.-W,@
<
2F N.G@FJ
E*].SA,. A*TSE*
<
<
2F 2F 2F 2 ].-\,++,
.*DA-.*BS?*ES[
-+F-.-BE- ],.,A,W*FK S
-F>,TSFK .*DA-.-B,EEJ,
V*+FS >.G< -F >.G<*
TS?-VE-, A*+T-
<
<
2F 2F 2F 2F :-TE-+FKZ +E[FK
G]*@-?@G
(T,9 \,TS@-A
<
<
2F 2F 2F 2F #F>,TSFK .*DA-.-B,EEJ,
V*+FS >.G< -F >.G<*
,;4 ( E7 8= 4@3! 2 A7 &88
&!4H 4@798
*367@H
2J],V@* +G1*[
E*].SA,. ]S.-< SD
+>-9E-<- F,+F*
<
<
2F 2F 2F :.S ],.,?-.*VS?*ESS
-F>,TSFK V*+FS ]S.-<*
>.G< -F >.G<* 6-TK@>T[ ?J],V@S 9,D <T*DG.S
+TS?-@ S @.,A*
2J],V@* +-VE*[
E*].SA,.
U.G@F-?JH ]S.-<
F?-.-BEJH F-.F
<
<
2F 2F 2F 2F 6-TK@- >T[ ?J],V@S 9,D
<T*DG.S S B,T*FSE*
64 !5@27@
!6 /!27@
@A@ 1 217@
64 ! 577<$
J A9B,!@38 2
1 / 8 27 8@
2JEKF, ]-TGU*9.S@*FJ SD G]*@-?@S 2
+],\S*TKE-H ]-+G>, >T[ [email protected]?-TE-?-H ],VS -ES
E*<.,?*ZF+[ 9J+F.,, S .*?E-A,.E,, $*DTSVEJ,
@-A]-E,EFJ ]-TGU*9.S@*F* A-<GF E*<.,?*FK+[ +
.*DTSVE-H 9J+F.-F-H
:T-+@S, ]-TGU*9.S@*FJ >-1->[F >- <-F-?E-+FS
9J+F.,, V,A ?J+-@S, :-YF-AG +T,>G,F
.*DT-BSFK ]-TGU*9.S@*FJ ? ,A@-+FS @*@ A-BE9-T,, F-E@SA +T-,A :.S YF-A -F>,TKEJ, V*+FS
E, >-TBEJ ],.,@.J?*FK >.G< >.G<*
:-TGU*9.S@*FJ ?+,<>* EGBE- E*@.J?*FK +TS G
2*+ E,F ]->1->[X,H @.JW@S >T[ ]-+G>J
S+]-TKDGHF, F*.,T@G STS +],\S*TKEGZ ]T,E@G >T[
[email protected]?-TE-?-H ],VS
2 ].-\,++, .*DA-.*BS?*ES[ ]-TGU*9.S@*F EGBE .*D* ],.,A,W*FK STS ],.,?,.EGFK
:-+T, .*D-<.,?*ES[ -+F*?KF, 9TZ>- ,X, E*
WASEGF >T[ ?J.*?ES?*ES[ F,A],.*FG.J
#.S<SE*TKEJH ?@G+ 9TZ>* ? DE*VSF,TKE-H +F,],ES
+-1.*E[,F+[ :-YF-AG +-TS S +],\SH A-BEAE-<- E, >-9*?T[FK
8TZ>* >T[
->E-?.,A,EE-<].S<-F-?T,ES[
]-TGU*9.S@*FJ SD
@-A]-E,EF-?
,;4
( E7 8= 4@3! 2 A7
&88
&!4H 4@798
V <
2F *367@H
,;4
( E7 8= 4@3! 2 A7
&88
&!4H 4@798
G]J
<
2F $*<G
<
2F 4[+- + +-G+-A
E*].SA,. <GT[W
<
2F :.S ],.,A,WS?*ESS
-F>,TSFK @G+-V@S A[+*
>.G< -F >.G<*
$J9* E*].SA,. @G+@S
UST,
<
2F :.S E,-91->SA-+FS
>-9*?SFK ?->G
TSA-EEJH +-@ STS
?SE-
C*],@*E@S E*].SA,.
T*D*EK[ @*EE,TT-ES
<
2F ;*.ES.J
$S+ A*@*.-EJ
<
<
2F 2F =-9*?SFK E,AE-<BS>@-+FS
#?-XS E*].SA,.
<-.-W,@ 9.-@@-TS
A-.@-?K
<
<
2F 2F 2TSFK ? ]-+G>G ?->G
F*@ VF-9J 9JTD*@.JF- >E-
P]SE*F
<
2F ;-F-?SFK 9,D
>-9*?T,ES[ ?->J
6 /!27@
J A9B,!@38 2
*367@H
2JEKF, ]-TGU*9.S@*FJ SD G]*@-?@S 2
+],\S*TKE-H ]-+G>, >T[ [email protected]?-TE-?-H ],VS -ES
E*<.,?*ZF+[ 9J+F.,, S .*?E-A,.E,, $*DTSVEJ,
@-A]-E,EFJ ]-TGU*9.S@*F* A-<GF E*<.,?*FK+[ +
.*DTSVE-H 9J+F.-F-H
:.S .*D-<.,?, BS>@-+FS ?+,<>* @T*>SF, ?
,A@-+FK V*HEGZ T-B@G :.S D*>,.B@, D*@S]*ES[
F,A],.*FG.* D*@S]*ES[ >-+FS<*,F+[ 9,D
-9.*D-?*ES[ ? BS>@-+FS 1*.*@F,.EJ1 ]GDJ.K@-?
=*B, ].S E,DE*VSF,TKE-A +-F.[+,ESS ,A@-+FS
BS>@-+FK A-B,F E*V*FK @S],FK STS 9.JD<*FK VFA-B,F ].S?,+FS @ -B-<*A
:-TGU*9.S@*FJ ?+,<>* EGBE- E*@.J?*FK +TS G
2*+ E,F ]->1->[X,H @.JW@S >T[ ]-+G>J
S+]-TKDGHF, F*.,T@G STS +],\S*TKEGZ ]T,E@G >T[
[email protected]?-TE-?-H ],VS
2 ].-\,++, .*DA-.*BS?*ES[ ]-TGU*9.S@*F EGBEE,+@-TK@- .*D ],.,A,W*FK STS ],.,?,.EGFK
T,>SF, D* F,A],.*FG.-H
:-+T, .*D-<.,?*ES[ -+F*?KF, 9TZ>- ,X, E*
ASEGF >T[ ?J.*?ES?*ES[ F,A],.*FG.J
,;4
( E7 8=
4@3! 2 A7 &88
&!4H 4@798
8TZ>* >T[
->E-?.,A,EE-<].S<-F-?T,ES[
]-TGU*9.S@*FJ
SD @-A]-E,EF-?
<
2F *]SF@S
AT
AT
AT
2F 2F 2F :-T-BSFK ? ,A@-+FK
T-B@G , ],.,<.,?*FK
*T@-<-TKEJ, E*]SF@S
T,>SFK D* ].-\,++-A
.*D-<.,?*ES[
=,F+@-, ]SF*ES,
E*].SA,. 9GFJT-V@S +
A-T-VE-H +A,+KZ
AT
AT
AT
2F -@ H
2F -@ 2F -@ H
8,D +-+@S STS @.JW@S
:-+T, .*D-<.,?*ES[
1-.-W- ?+F.[1EGFK
#9[D*F,TKE- ].-?,.SFK
F,A],.*FG.G
G]
<
<
2F 2F 4[+- + +-G+-A
<
2F $*<G
<
<
2F 2F #?-XS ]-.\S[
]-.\SS
<
<
2F 2F V*W@*
V*W@S
*367@H
#F>,TSFK T-AFS@S A[+*
>.G< -F >.G<*
=-9*?SFK E,AE-<BS>@-+FS
0 217@
J A9B,!@38 2
1 / 8 27 8@
=-?->SF, ]-TGU*9.S@*FJ >- <-F-?E-+FS ?
D*@.JF-H ]-+G>, 2 ].-\,++, ].S<-F-?T,ES[ S1
EGBE- ],.,A,WS?*FK STS ],.,?-.*VS?*FK
#.S<SE*TKEJH ?@G+ 9TZ>* ? DE*VSF,TKE-H +F,],ES
+-1.*E[,F+[ :-YF-AG +-TS S +],\SH A-BEAE-<- E, >-9*?T[FK
:T-+@S, ]-TGU*9.S@*FJ >-1->[F >- <-F-?E-+FS
9J+F.,, V,A ?J+-@S, :-YF-AG +T,>G,F
.*DT-BSFK ]-TGU*9.S@*FJ ? ,A@-+FS @*@ A-BE9-T,, F-E@SA +T-,A :.S YF-A -F>,TKEJ, V*+FS
]- ?-DA-BE-+FS E, >-TBEJ ],.,@.J?*FK >.G<
>.G<*
#+F*?KF, <-F-?-, 9TZ>- ,X, E* W ASEGF >T[
?J.*?ES?*ES[ F,A],.*FG.J
,;4
( E7 8= 4@3! 2 A7 &88
&!4H 4@798
*367@H
RJ]T,E-@ \,TS@-A
]*.E-H ]-F.-W,EJH
<
2F :- S+F,V,ESS ]-T-?SEJ
?.,A,ES ],.,?,.EGFK
$J9E-, UST,
]*.E-,
<
2F :.S<-F-?T,ES,
+?,BS1 -?-X,H
<
<
2F 2F :-.,D*FK -?-XS E*
@G+-V@S ->SE*@-?-H
?,TSVSEJ 2TSFK ?
]-+G>G ?->G SD
.*+V,F* +F-T-?J,
T-B@S E* <
-?-X,H
;*.ES.J E*].SA,.
@*.F-U,TK
<
<
<
2F 2F 2F $S+
<
<
2F 2F 2F 2F :-.,D*FK @*.F-U,TK E*
@G+-V@S ->SE*@-?-H
?,TSVSEJ 2TSFK ?
]-+G>G ?->G ].SA E*
+A S ],.,A,W*FK
=-9*?SFK >?-HE-,
@-TSV,+F?- BS>@-+FS
T*>@S, 9TZ>*
E*].SA,. ]G>SE<
.*+F?-.SAJH
AT
2F U.G@FJ @-A]-F
<
2F 2 ].-\,++,
].S<-F-?T,ES[ .*D*
1-.-W- ],.,A,W*FK
]G>SE< ?,EVS@-A
3 471I@@ J
@J A=6 27@G
4@3! 2 A7
&< 7 4 58 7:8@
J!48!< 987 23@ 1AH
J!@/ 82A@24 /
,;4
J! 1938 2
7A,EKWSF, STS G?,TSVKF, ?.,A[ ].S<-F-?T,ES[
].SA,E[[ +T,>GZX,, ].-+F-, ].*?ST-
=?-HE-H -9I,A
?.,A[ ].S<-F-?T,ES[ ]-VFS
?>?-, G?,TSVS?*,F+[
:-T-?SE* -9I,A* ?.,A[ ].S<-F-?T,ES[
E*]-T-?SEG GA,EKW*,F+[
+AG1 J A9C@A = A@D3 4
9$@4
2 +T,>GZXSH .*D ?J+F*?KF, A,EKW,, ?.,A[
].S<-F-?T,ES[ STS A,EKWGZ A-XE-+FK
[email protected]?-TE C*@.-HF, 9TZ>- @.JW@-H S >-9*?KF,
9-TKW, BS>@-+FS
+AG1 J @8C7@@
987 2A77 / 2!47@ E
7 !64 ! 6@A = 7
!6 /!A = @A@ 7 / 8 2 2J+F*?KF, 9-TKW,, ?.,A[ ].S<-F-?T,ES[
:.S<-F-?T,ES, 9-TKWS1 -9I,A-? ].->G@F-? S
?J+-@S1 9TZ> F.,9G,F 9-TKW, ?.,A,ES
- @8C7@@ 2!47@
J!@/ 8 2A7@H ,AG1 9
, !8@3 J!/!A = 2
!1@7 E 7 / 8 2 2.,A[ -F ?.,A,ES ]-A,WS?*HF, 9TZ>- S ?
+T,>GZXSH .*D ?J+F*?KF, A,EKWGZ A-XE-+FK S
9-TKW,, ?.,A[ ].S<-F-?T,ES[
- A !64 !5@27@H
J8@I @A@ 4H
!64 ! 6@A@= 8 A=3
7!95@
2 +T,>GZXSH .*D ?J+F*?KF, A,EKWGZ A-XE-+FK
[email protected]?-TE :.S .*DA-.*BS?*ESS 9-TKWS1
].->G@F-? S1 E,-91->SA- ]-+F-[EE],.,?-.*VS?*FK
:.S .*DA-.*BS?*ESS A[+* ]FS\J STS .J9J
-9.*DG,F+[ BS>@-+FK S ? @-,A +TGV*, E,TKD[
F*@B, E, >-TBE* +-].S@*+*FK+[ + >.G<SAS
].->G@F*AS :.S ],.,?-.*VS?*ESS ].->G@F*
G>*T[HF, YFG BS>@-+FK
*3$6$7@(
* +F,@T, >?,.\J ?EGF.,EES1 +F,E@*1 S >E,
],VS A-B,F -9.*D-?J?*FK+[ @-E>,E+*F QFE-.A*TKE-, [?T,ES, E, -@*DJ?*ZX,,
-F.S\*F,TKE-<- ?-D>,H+F?S[ E* UGE@\S-ES.-?*ES,
],VS :- -@-EV*ESS Y@+]TG*F*\SS ].-+F- ].-F.SF,
],VK E*+G1-
28 48@C3@ J! /!44<
8T*<->*.[ ].-<.*AA, *?F-A*FSV,+@-<].S<-F-?T,ES[ 9TZ> 2J +A-B,F, -V,EK ].-+F.*DA-.-DSFK ].->G@FJ S ].S<-F-?SFK AE-B,+F?9TZ> 9J+F.- S 9,D ].-9T,A
[email protected]?-TE-?*[ ],VK SA,,F *?F-A*FSV,+@S1
].-<.*AA
=T[ @*B>-H ].-<.*AAJ ? F*9TS\, 2J E*H>,F,
+--F?,F+F?GZXS, ].->G@FJ S >S*]*D-E ?,+*
4-BE- G+F*E-?SFK TZ9-H ?,+ ? ].,>,T*1 >*EE-<>S*]*D-E* ?,+*
*87 23
*BSA*HF, @E-]@G $ >- F,1 ]-. ]-@* E,
]-[?SF+[ EGBEJH E-A,. ].-<.*AAJ
*BASF, @E-]@G * SE>S@*F-., D*<-.SF+[ $ S ]-[?SF+[
].,>T*<*,AJH ?,+
]-A-XKZ ]-?-.-FE-<- ],.,@TZV*F,T[
G+F*E-?SF, EGBEJH ?,+ 9TZ>*
*BASF, @E-]@G &0*/0
* >S+]T,, ]-[?SF+[ SE>S@*\S[ ?.,A,ES
].S<-F-?T,ES[ >T[ >*EE-H ].-<.*AAJ
-
@8C7@@ 2!47@
$*D>*,F+[ +S<E*T :.S9-. ?J@TZV*,F+[
*BASF, @E-]@G &0-. STS [email protected], >?,.\G
].S9-.*
' !!38@! 23
=?* .*D* E*BASF, @E-]@G &0-. S ??,>SF, E-?J,
DE*V,ES[
87 23
#[email protected], >?,.\G ].S9-.* :-+T, D*@.J?*ES[
+E-?* ?@TZVSF, ],VK :.S9-. ].->-TBSF .*9-F*FK
847
=?*B>J E*BASF, @E-]@G &0-.
*367@H
:.S .*9-F, E,@-F-.J1 ].-<.*AA V,.,D
-].,>,T,EEJH ].-A,BGF-@ ?.,A,ES .*D>*,F+[
+S<E*T #[email protected], >?,.\G W@*U* S ],.,A,W*HF,
9TZ>- STS ,+TS YF- A[+- STS ]FS\* ],.,?,.ESF,
,<- :-+T, D*@.J?*ES[ >?,.\J +E-?* E*BASF,
@E-]@G &0*/0
C*].-+ E-A,.* ].-<.*AAJ S ?,+* A-B,F
?J]-TE[FK+[ + ]-A-XKZ E*B*FS[ @E-]@S $ STS
2JDJ?*,A-, DE*V,ES, 9G>,F -F-9.*B*FK+[ E*
SE>S@*F-., ? F,V,ES, +,@GE>
-! /!44<
!64 !5@27@H
- 1/ 8 23 J! 1938
]-A-XKZ 1 ].-<.*AA .*DA-.*BS?*ES[ 2J
A-B,F, .*DA-.-DSFK A[+- ]FS\G STS 1T,9
:- ?-DA-BE-+FS S+]-TKDGHF, ].->G@F @-F-.JH
]-.\S-EE- D*A-.*BS?*T+[ S 1.*EST+[ ].S
F,A],.*FG., G
=T[ .*DA-.*BS?*ES[ SD?T,@SF, ].->G@F SD
G]*@-?@S S ?D?,+KF, ,<- 2,+ 2*A ]-F.,9G,F+[
>T[ G+F*E-?@S ]*.*A,F.-? ].-<.*AAJ
- 91
:-T-BSF, ].->G@F E* ].S<->EGZ >T[ [email protected]?-TE
]T-+@GZ ]-+G>G E*].SA,. +F,@T[EEGZ STS
U*.U-.-?GZ F*.,T@G S E, E*@.J?*HF, ,<@.JW@-H
&!4H 2<1!53@
=T[ ?J.*?ES?*ES[ F,A],.*FG. .*DA-.-B,EEJH
].->G@F -+F*?SFK ,X, E* WASEGF
=T[ @.G]EJ1 @G+@-? A[+* ]-F.,9G,F+[ 9-T,,
>TSF,TKE-, ?.,A[ ?J>,.B@S V,A >T[ E,9-TKWS1
+TS YF- ]-.\S-EEJ, @G+@S STS U*.W F- ].,B>,
V,A >*FK A[+G ]-T,B*FK -F>,TSF, @G+-V@S >.G<
-F >.G<*
C*F,A -9.*9-F@G ].->G@F* A-BE- ].->-TBSFK
>*B, ,+TS F-T+FJ, @G+@S ,X, E, +-?+,A -FF*[TS
?EGF.S 7 ]FS\J E* YF-A YF*], A-BE- SD?T,VK
?EGF.,EE-+FS
@/7A
:.S .*9-F, E,@-F-.J1 ].-<.*AA V,.,D
-].,>,T,EEJH ].-A,BGF-@ ?.,A,ES .*D>*,F+[
+S<E*T #[email protected], >?,.\G W@*U* S ],.,A,W*HF,
9TZ>- STS ,+TS YF- A[+- STS ]FS\* ],.,?,.ESF,
,<- :-+T, D*@.J?*ES[ >?,.\J +E-?* E*BASF,
@E-]@G &0*/0
&7@47@
:.S .*DA-.*BS?*ESS A[+* STS ]FS\J E* F*.,T@G
+F,@*,F BS>@-+FK S ? @-,A +TGV*, E,TKD[
F*@B, E, >-TBE* +-].S@*+*FK+[ + >.G<SAS
].->G@F*AS
-! 1938<
4! J! /!44<
0@J6 7 2
4[+E-H U*.W
# @<
:-.\S-EEJ, @G+@S
# @<
3G.* @G+@S @G.S\J
# @<
(T,9
$ @<
-! /!44<
J!@/ 8 2A7@H
]-A-XKZ .*DTSVEJ1 ].-<.*AA 2J +A-B,F,
].S<-F-?SFK .S+ @*.F-U,TK S -?-XS
- 91
;-F-?SFK ].->G@F +T,>G,F ? ]-+G>, ].S<->E-H
>T[ [email protected]?-TE + @.JW@-H =T[ .S+*
.,@-A,E>G,F+[ S+]-TKD-?*FK 9-TKWGZ ?J+-@GZ
U-.AG
- 1/ 8 23 J! 1938
2D?,+KF, ].->G@F 2,+ 2*A ]-F.,9G,F+[ >T[
G+F*E-?@S ]*.*A,F.-? ].-<.*AAJ
$S+ , S+]-TKDGHF, .S+ 9J+F.-<- ].S<-F-?T,ES[
? ]*@,FS@*1
=-9*?KF, EGBE-, @-TSV,+F?- ?->J +-<T*+EG@*D*EE-AG E* G]*@-?@, #9JVE- YF>?G1F.,1@.*FE-, @-TSV,+F?- -F ?,+* +*A-<- .S+*
3*.F-U,TK =T[ ].S<-F-?T,ES[ -F?*.E-<@*.F-U,T[ ]-.,BKF, ,<- E* E,9-TKWS, @G+@S
->SE*@-?-<- .*DA,.* =-9*?KF, E* @*B>J, <
-F?*.E-<- @*.F-U,T[ ->EG+FT ?->J S E,AE-<+-TS
?,BS, -?-XS 2D?,+KF, +?,BS, -VSX,EEJ,
-?-XS :-.,BKF, S1 E* E,9-TKWS, ->SE*@-?-<.*DA,.* @G+-V@S =-9*?KF, E* @*B>J, <
-?-X,H ->EG +FT ?->J
@/7A
2- ?.,A[ .*9-FJ ].-<.*AAJ V,.,D E,@-F-.JH
].-A,BGF-@ ?.,A,ES .*D>*,F+[ +S<E*T
:,.,A,W*HF, 9TZ>-
&!4H 2<1!53@
:- -@-EV*ESS ].-<.*AAJ ],.,A,W*HF, 9TZ>- ,X,
.*D =T[ ?J.*?ES?*ES[ F,A],.*FG.J 9TZ>.,@-A,E>G,F+[ ?J>,.B*FK ,X, WASEGF
$,DGTKF*FJ 2*W,H <-F-?@S D*?S+[F -F @*V,+F?* S
+?-H+F? ].->G@F*
-! 1938<
4! J! /!44<
0@J6 7 2
$S+
# V @<
3*.F-U,TK
# V @<
?,BS, -?-XS
# V @<
-4H8=
]-A-XKZ YF-H UGE@\SS 2J +A-B,F, +-+F*?SFK
+?-Z +-9+F?,EEGZ ].-<.*AAG C*E,+,ES, ?
]*A[FK SA,,F +AJ+T ? F-A +TGV*, ,+TS 2J
<-F-?SF, 9TZ>- -V,EK V*+F- 2J A-B,F,
+-1.*ESFK G+F*E-?@S S ?JDJ?*FK S1 ? TZ9-H
A-A,EF
&2 1 2 J4H8=
*].SA,.
2F ASE
*BASF, @E-]@G !
* SE>S@*F-., ]-[?SF+[ !
*BASF, @E-]@G + EGBE-H A-XE-+FKZ
* SE>S@*F-., D*<-.SF+[ ! G+F*E-?T,EE-,
DE*V,ES, A-XE-+FS S ->E* ASEGF*
7+F*E-?SF, E,-91->SA-, ?.,A[ ].S<-F-?T,ES[
+ ]-A-XKZ ]-?-.-FE-<- ],.,@TZV*F,T[
:->F?,.>SF, @E-]@-H 4
* >S+]T,, +E-?* ]-[?T[,F+[ SE>S@*\S[
?.,A,ES +GF-@
7+F*E-?@* +-1.*E,E* ? ]*A[FS
4-BE- +-1.*ESFK G+F*E-?T,EEJ, DE*V,ES[ S +.*DG
D*]G+FSFK ].-<.*AAG 2 @-E\, E*BASF, E, @E-]@G
&0*/0 * @E-]@G !
*367@H
2 ]*A[FS A-BE- +-1.*ESFK F-TK@- ->E- DE*V,ES,
A-XE-+FS [email protected]?-TE
?F-A*FSV,+@S, ].-<.*AAJ E, ]->T,B*F
+-1.*E,ESZ ? ]*A[FS
#9E-?T,ES, +->,.B*ES[ ]*A[FS
E*BASF, @E-]@G ! #F-9.*B*ZF+[ ].,>J>GXS,
E*+F.-H@S -1.*ESF, E-?GZ ].-<.*AAG @*@
-]S+*E- ? ] &3AGC7@
B973I@@ J4H8@
2J A-B,F, T,<@- D*]G+FSFK +-1.*E,EEGZ
].-<.*AAG :-+F*?KF, 9TZ>- ? ],VK C*@.-HF,
>?,.\G ].S9-.*
*BASF, @E-]@G !
#F-9.*B*ZF+[ ].,>J>GXS, E*+F.-H@S
*BASF, @E-]@G &0*/0
* >S+]T,, E*VSE*,F+[ -F+V,F
].->-TBSF,TKE-+FS
&!4H J!@/ 8 2A7@H
@83A
$*D>*,F+[ +S<E*T :.S9-. ?J@TZV*,F+[ #[email protected],
>?,.\G STS E*BASF, @E-]@G &0-.
87 23
#[email protected], >?,.\G ].S9-.* :-+T, D*@.J?*ES[
>?,.\J +E-?* E*BASF, @E-]@G &0*/0 :.S9-.
].->-TB*,F .*9-F*FK
847 987 23@
*BASF, @E-]@G &0-. >?*B>J STS [email protected],
>?,.\G S ->SE .*D E*BASF, @E-]@G &0-.
>6477@ J! 1 A5@8A=7 8@
@/7A
3-<>* ].S9-. ?J@TZVSF+[ 2J G+TJWSF, +S<E*T
4-BE- SDA,ESFK ].->-TBSF,TKE-+FK D?GV*ES[
+S<E*T*
=T[ YF-<- ? F,V,ES, ].S9T +,@GE>
G>,.BS?*HF, E*B*F-H @E-]@G &0*/0
-?*[ >TSF,TKE-+FK +S<E*T* 9G>,F ].SE[F* *
>S+]T,, +E-?* ]-[?SF+[ SE>S@*\S[ ?.,A,ES +GF-@
2-DA-BEJ, ?*.S*EFJ
@-.-F@SH +S<E*T D?G@*
>TSEEJH +S<E*T D?G@-?
*$ 1 @
C@83
S@-<>* E, S+]-TKDGHF, -VS+FSF,TS ?J+-@-<>*?T,ES[ S ]*.-+F.GHEJ, -VS+FSF,TS #]*+E-+FK
@-.-F@-<- D*AJ@*ES[
S@-<>* E, S+]-TKDGHF, -+F.J, STS *9.*DS?EJ,
VS+F[XS, +.,>+F?* 2-DA-BE- ]-?.,B>,ES,
]-?,.1E-+FS +TS F*@-, +.,>+F?- ]-]*>,F E*
],.,>EZZ ]*E,TK +.*DG +A-HF, ,<- ?->-H
?@8HE@
!182
?@83 J!@, ! 7!95@
J!17: J7A=G @6
2< 3 3C8277 : 8A@
4JTKEJH .*+F?-. ].-F.SF, E*+G1- A[<@-H F.[]@-H
4JTKEJH .*+F?-. ].-F.SF, E*+G1- A[<@-H F.[]@-H
.*DG B, G>*T[HF, ][FE* SD?,+FS BS.* @.*1A*T* S
[SVE-<- 9,T@*
],\S*TKEJ, +.,>+F?* >T[ VS+F@S A,F*TTSV,+@S1
SD>,TSH A-BE- ].S-9.,+FS ? ,.?S+E-H +TGB9, STS
? +],\S*TSDS.-?*EE-A A*<*DSE,
-C=
;-.[VSH AJTKEJH .*+F?-. STS G@+G+EJH .*+F?-.
].-F.SF, E*+G1- A[<@-H F.[]@-H
-C= @6 7!52GE: 8A@
, S+]-TKDGHF, ES +].,S >T[ >G1-?J1 W@*U-? ES
@*@S,TS9- >.G<S, *<.,++S?EJ, -VS+FSF,TS >T[
>G1-?J1 W@*U-? STS VS+F[XS, +.,>+F?* 3.-A, F-<-
E, ]->1->[F B,+F@S, A-V*T@S <.G9J, <G9@S S
+.,>+F?* >T[ VS+F@S ]-+G>J 2+, YFS +.,>+F?*
\*.*]*ZF ?EGF.,EEZZ ]-?,.1E-+FK ],VS
*JA 877@
;-.[VSH AJTKEJH .*+F?-.
83A 12!I<
F,@T--VS+FSF,TK
?8
1A8= J!@ 7@J!27 8@
O*+F- +TGV*,F+[ VF- ].SVSE-H E,S+].*?E-+FS
+F*T* @*@*[F- A,T-VK :.,B>, V,A -9.*X*FK+[ ?
,.?S+EGZ +TGB9G ].-VFSF, +T,>GZXS, G@*D*ES[
@J!27 8=
& 64 57H J!@C@7
*367@H*8!77@
:.S9-. E, .*9-F*,F
, ?+F*?T,E* ?ST@* ?
.-D,F@G
2+F*?KF, ?ST@G ? .-D,F@G
#F@TZV,ES,
YT,@F.-YE,.<SS
:.-?,.KF, <-.SF TS T*A]* E*
@G1E,
,S+].*?,E
].,>-1.*ESF,TK
:.-?,.KF, ? ]-.[>@, TS
].,>-1.*ESF,TK ].S9-.* ? 9T-@,
].,>-1.*ESF,T,H
,].*?STKE-,
S+]-TKD-?*ES,
#F@TZVSF, ].,>-1.*ESF,TK ?
9T-@, ].,>-1.*ESF,T,H ].S9-.* S
].SA,.E- V,.,D +,@GE>
?@TZVSF, ,<- +E-?*
#F@TZV,ES,
YT,@F.-YE,.<SS
7+F*E-?SF, ?.,A[ +GF-@ D*E-?-
* SE>S@*F-., ?.,A,ES
+?,F[F+[ F.S EGT[
@J!27 8=
& 64 57H J!@C@7
*367@H*8!77@
:.S9-. E, S+]-TKDG,F+[
* >S+]T,,
?J+?,VS?*,F+[
].->-TBSF,TKE-+FK
:-?-.-FEJH
],.,@TZV*F,TK
+TGV*HE- ]-?,.EGTS
*BASF, @E-]@G &0-.
:-+T, G+F*E-?@S E,
9JT* E*B*F* @E-]@*
&0*/0
*BASF, @E-]@G &0*/0 STS
G>*TSF, G+F*E-?@G + ]-A-XKZ
@E-]@S &0-.
[email protected]?-TE-?JH .,BSA E,
UGE@\S-ES.G,F
=?,.\* D*@.JF*
E,]T-FE-
:.-?,.KF, E, D*B*FJ TS
>?,.\,H -+F*F@S ]SXS STS
]-+F-.-EES, ].,>A,FJ
, 9JT* E*B*F*
@E-]@* &0*/0
*BASF, @E-]@G &0*/0
7+F*E-?T,E* +TSW@-A
ESD@*[ A-XE-+FK
7+F*E-?SF, 9-T,, ?J+-@GZ
A-XE-+FK [email protected]?-TE
2 ].S9-., E*1->SF+[
9-TKWSH -9I,A
].->G@F-? V,A
-9JVE-
=?-HE-H -9I,A 5 >?-HE-, ?.,A[
].S<-F-?T,ES[
8TZ>* 1-T->E,, V,A
-9JVE-
2 ].-\,++, ].S<-F-?T,ES[
],.,A,WS?*HF, STS
],.,?-.*VS?*HF, 9TZ>*
:.S ?.*X,ESS ]->+F*?@S
+TJW,E \*.*]*ZXSH STS
F.GXSH D?G@
C*<.[DE,ES[ STS
]-+F-.-EES, ].,>A,FJ
? -9T*+FS ].S?->*
?.*X*ZX,H+[
]->+F*?@S
#VS+FSF, .-TS@-?-, @-TK\- S
G<TG9T,ES, E* >E, >G1-?-<W@*U*
[email protected]?-TE-?JH .,BSA
-F@TZV*,F+[ 9,D ?S>SAJ1
].SVSE
:.-9T,A* <,E,.*\SS
+TS YF* -WS9@* ]-?F-.[,F+[
E,->E-@.*FE- -9.*FSF,+K ?
,.?S+EGZ +TGB9G
8TZ>* .*D-<.,?*ZF+[
A,>T,EE,, V,A -9JVE-
4 78 1 A57 J! @62 1@8=H 8 A=3
JI@A=7
,9C77<4@ 8!917@34@
!2@7 : A95,< :.S E,@?*TSUS\S.-?*EE?J]-TE,EE-A .,A-EF, ].S9-. A-B,F +F*FK
S+F-VES@-A +,.K,DE-H -]*+E-+FS
!2@7 ,A95@27@
+TS 2*W* ],VK EGB>*,F+[ ? .,A-EF, E*W*
,.?S+E*[ +TGB9* ?+,<>* @ 2*WSA G+TG<*A
>.,+ S E-A,. F,T,U-E* 9TSB*HW,H A*+F,.+@-H
2J E*H>,F, ? F,T,U-EE-A +].*?-VES@, 2
+,.?S+EJ1 \,EF.*1 G@*D*EEJ1 ? >*EE-A
$G@-?->+F?, 2*A F*@B, E*D-?GF *>.,+
9TSB*HW,H A*+F,.+@-H
4! @ 7 4! :.S ?JD-?, +],\S*TS+F* ,.?S+E-H +TGB9J
?+,<>* G@*DJ?*HF, E-A,. SD>,TS[ E-A,. S
D*?->+@-H E-A,. E-A,. 2*W,H ],VS
NS.A,EE*[ F*9TSV@* + E-A,.*AS E*1->SF+[ E*
?EGF.,EE,H +F-.-E, >?,.\J +].*?* OF-9J >-T<E, S+@*FK ? +TGV*, E,S+].*?E-+FS ?]SWSF, ].[A+,HV*+ >*EEJ, ],VS
-A,. -A,. ,.?S+E*[ +TGB9* )$7@C3@
$!38!@8@3@
*].[B,ES, ]SF*ES[
2 ;\
#9X*[ ]->@TZV*,A*[
A-XE-+FK
4-XE-+FK [email protected]?-TE
2F
O*+F-F*
4;\
2F
$*DA,.J 2 1 P 1 ;
].S9-.
1 1 +A
],VK
1 1 +A
2,+
@<
:.-?,.@* '
-ZD ,A,\@S1
QT,@F.-F,1ES@-?
>*
CE*@ ?.-],H+@-,
--9X,+F?-
>*
=*EEJH ].S9-. +--F?,F+F?G,F E-.A*A " S
&$% QF- ].S9-. <.G]]J @T*++* :.SE*>T,BE-+FK @ <.G]], -DE*V*,F [email protected]?-TE-?*[ ],VK ].,>E*DE*V,E* F-TK@- >T[
E*<.,?* ]SX,?J1 ].->G@F-?
:.SE*>T,BE-+FK @ @T*++G +?S>,F,TK+F?G,F VF].S9-. ].,>E*DE*V,E >T[ 9JF-?-<- S+]-TKD-?*ES[
.4<4I8 ?8P8@<4=8= 34 F4<4: :030@ G4D:;8 >;<0AJ 8Q8=
;SB54= 1C :C;;0=<0 :C;0DCGC=C >:CFC=CG
070 A>=@0 $8:@>30;60
:><?0:B 5J@J=J=JGJ= BS< B4:=8: RG4;;8:;4@8=8 :C;;0=018;8@A8=8G
SD4=;8I8=8G 8;4 8;68;8 R=4<;8 18;68;4@ AC=C;020:BJ@
870GJ=JGJ= BS<
F4=8 ?0@Q0;0@J=J B0=JF020:AJ=JG
)8G4 03J< 03J< 5J@J=J=JGJ =0AJ;
0F0@;0F020IJ=JGJ 6RAB4@424I8G
)>= 34@424 :>;0F3J@
*01;>;0@30 18@Q>: ?@0B8: D4 ;4GG4B;8 F4<4: 8Q8= 0F0@ 34I4@;4@8 D4
F4@;4PB8@<4 A4D8F4;4@8 F4@ 0;<0:B03J@
C 18;68;4@8= B0<0<J :4=38
ABS3F><CG30 B4AB 438;<8PB8@
,4 18@ 0@JG0 <4F30=0 64;8@A4 T C50: 0@JG0;0@J =0AJ;
6834@418;424I8=8G8 1C@030 1C;018;8@A8=8G
4B0F;J 18@ 38G8= 0@03J:;0@J=JGJ :>;0F20 1C;<0=JG0 F0@3J<2J
>;020:BJ@
,4 058F4B >;AC=
>E/4*+1/2+7
%+4/ )/.'=@ ('?2'3'*'4 F4)+ $>=B0930= R=24 :7:23'8@ ;+ +2+197/?+ ('?2'43'8@ /11'9 +93+4/= -+7+1+4 .:8:82'7 SD4=;8: 18;68;4@8 $8:@>30;60 5J@J=J= :C;;0=J<J 8;4 8;68;8 6SD4=;8: CF0@J;0@J :3'4*' (F2G3G :A4AC0@;0@ >21 1:22'4@3*'4 F4)+ )00B8= 0F0@;0=<0AJ /175*'2-' *010: D4 Q0=0:;0@ $8:@>30;60 :034<4;4@8 LC P4:8;34 0F0@;0=J@ *01;>;0@ 70::J=30 18;68;4@ CG QRG<4 4@8= 3>=3C@C;<CP F4<4:;4@8= 1CGC=C=
QRGS;<4A8 JAJBJ;<0AJ D4F0 ?8P8@8;<4A8 .4<4:;4@8= JAJBJ;<0AJ .4<4:;4@8= ?8P8@8;<4A8 $8:@>30;60 70::J=30 F0@0@;J 18;68;4@ 75-7'3 5953'9/?/ LC P4:8;34 0F0@;0=J@ CG QRG<4 ?@>6@0<;0@J .4<4: ?8P8@<4 ?@>6@0<;0@J >E/4*+1/2+7
',@=' 8@ F4<4I8 705JG0F0 0;<0 05JG0F0 :0F3438;4= CF6C;0<0FJ 10P;0B<0 !/4<'2 8G7+8/4/ *+?/D9/73+ '1@3 ;+ "+3/=2/1 *4<8G;8: <0;G4<4;4@8 7@=' *:7:3:4*' 4+ <'63'2@ %+91/2/ 8+7;/8 *4:=8: RG4;;8:;4@ %+4/ )/.'=@ ('?2'3'*'4 F4)+
C4+32/ -G;+42/ :<'7@2'7@
#SB54= 1C :C;;0=J< :J;0DCGC=C 38::0B;824 >:CFC=CG
=20: >:C3CIC=CG B0:38@34 2870GJ=JGJ 6SD4=;8 D4 3>I@C
18@ P4:8;34 :C;;0=018;8@A8=8G
"C;;0=<0 D4 B4A8A0B B0;8<0B;0@J=J RG4=;4 A0:;0FJ=JG
870GJ
10P:0;0@J=0 B4A;8< 4BB8I8=8G34:C;;0=<0 D4 B4A8A0B
B0;8<0B;0@J=J 30D4@<4F8 C=CB<0FJ=
549'0*'4 F4)+
B+;7+ 157:3'
1:7'22'7@4' :<-:4 D+1/2*+
/3.' +*/23+8/
870GJ= 0<10;09J=J 0QJ=JG D4 0<10;09 <0334;4@8=8 Q4D@4
:>@C<0 :C@0;;0@J=0 CF6C= P4:8;34 8<70 438=8G
'12/<+ .'8'72'7@
<10;09J=30= QJ:0@3J:B0= A>=@0 2870GJ :>=B@>; 438=8G
%0:;8F4 70A0@J D0@A0 2870G 10I;0=BJ;0@J=J :C@<0FJ=JG
0I;0=BJ 70BBJ G0@0@ 6R@=SPA4 >;0AJ B47;8:4;4@8=
R=;4=<4A8 8Q8= S@4B828 B0@05J=30= 4I8B8;<8P 18@ CG<0=
B0@05J=30= 34I8PB8@8;<4;838@
!@)'1 ,@7@4
!AJB<0 D4 ?8P8@<4 2870G;0@J=J= FSG4F;4@8=4 :4A8=;8:;4
3>:C=<0FJ=JG
C 2870G;0@ 8P;4B8< 4A=0AJ=30
JAJ=<0:B03J@
J@J=J= 8Q FSG4F;4@8 D4 JAJB<0 4;4<0=;0@J Q>:
AJ20:BJ@
.0=<0 B47;8:4A8
M>2C:;0@J 1C 2870G;0@30= 64=4; >;0@0: CG0: BCBC=CG
%+9+78/= 9+3/=2/1
870GJ 3SG4=;8 18@ P4:8;34 B4<8G;4F8=8G
.4B4@A8G B4<8G;8:
3C@C<C=30 FSG4F 70A0@ 6R@418;8@ D4 2870G G0<0= 8;4
?0A;0=018;8@
$8:@>30;60 4=4@98A8 3SP4@
2+197/1 ('?2'49@8@
0I;0=BJ 70BBJ G0@0@ 6R@=SPA4 >;0AJ B47;8:4;4@8=
R=;4=<4A8 8Q8= S@4B828 B0@05J=30= 4I8B8;<8P 18@ CG<0=
B0@05J=30= 34I8PB8@8;<4;838@
:7:23'8@ ;+ +2+197/?+
('?2'43'8@
NG4; <>=B09 :J;0DCGC=0 38::0B 438=8G
:7:23'8@ ;+ +2+197/?+ ('?2'43'8@
C 2870G A03424 4D34 :C;;0=J;<0F0 4;D4@8P;838@
#SB54= RG4; <>=B09 B0;8<0BJ=0 38::0B 438=8G
870G 2< 64=8P;8I8=34 18@ SAB 3>;010 <>=B4 438;418;8@
34@8=;8I8 4= 0G 2< F4@34= FS:A4:;8I8 4= 0G 2<
870GJ= 4;4:B@8: 58P8 FR=4B<4;8:;4@4 CF6C= 18@ P4:8;34
:C@C;<CP >;0= B>?@0: 70BBJ=0 A078? 18@ ?@8G4 B0:J;3JIJ
G0<0= 2870G Q0;JP<0F0 70GJ@3J@
C ?@8G8= 10I;J >;3CIC
A86>@B0 4= 0GJ=30= # D4F0 BS@S >B><0B8: A86>@B0
34I4@8=4 A078? 18@ A86>@B0 >;<0;J3J@
L414:4 64@8;8<8 8;4
2870GJ= B8? ;4D70AJ SG4@8=34 18;38@8;4= 64@8;8< 0F=J
>;<0;J3J@
'@8G8= <>=B09J D4F0 4;4:B@8: :01;>AC=C= 34I8PB8@8;<4A8
A03424 F4B:8;8 18@ 4;4:B@8:Q8 B0@05J=30= F0?J;<0;J3J@
I4@
2870G :C@C;3C:B0= A>=@0 2870GJ= 58P8=4 4@8P<4: <S<:S=
34I8;A4 4= 0G << :>=B0: <4A054A8 >;0= 18@ 0FJ@<0
B4@B810BJ R=6R@S;<4;838@
8@34= 50G;0 4;4:B@8: 58P8=8= B0:J;018;424I8 A>:4B;4@ A>:4B
3SG4=;4@8 D4 CG0B<0 :01;>;0@J :C;;0=J;<0AJ F0A0:BJ@
PJ@J
FS:;4=<4 70;8=34 F0=6J= B47;8:4A8 ARG :>=CAC3C@
/11'9 +93+4/= -+7+1+4 .:8:82'7
G;+42/1 (/2-/2+7/
C 2870G A03424 4D34 :C;;0=J< 8Q8= B0A0@;0=<JPBJ@
870GJ 14A8=;4@8= 70GJ@;0=<0AJ 8Q8= :C;;0=J=JG
.4B8P:8=;4@ D4 Q>2C:;0@ :>=B@>; 4B<434= 0A;0 2870GJ
:C;;0=<0<0;J3J@
4I4@ 58G8:A4; A4=A>@8F4; D4F0 0:J; >;0@0: F4B4@;8
34I8;;4@A4
D4F0 2870GJ 3>I@C D4 6SD4=;8 :C;;0=<0: 8Q8= 18;68 D4
B42@S14;4@8 F4B4@;8 34I8;A4
B5):12'7 ;+ 3/175*'2-'
!@)'1 6/D/73+ '2'4@
M>2C:;0@ <8:@>30;60 5J@J= 8;4 70GJ@;0<0FJ F0;=JG 10P;0@J=0
A03424 RI@4B8;<4A8 3C@C<C=30 :C;;0=018;8@;4@
870GJ
3>I@C :C;;018;8F>@ >;<0;0@J 64@4:<4:B438@
C :C;;0=<0
:J;0DCGC=30 F4@ 0;0= B47;8:4;4@8 0=;0<0=JG 64@4:;838@
M>2C:;0@ 2870GJ :C;;0=J@:4= 2870G;0 >F=0<0<0;0@J
:>=B@>; 438;<4;838@
870GJ= :0?0IJ=J 0Q0@:4= 38::0B;8 >;C=CG
)J20: 1C70@
QJ:018;8@
.0=<0 B47;8:4A8
M>2C:;0@J 1C 2870G;0@30= 64=4; >;0@0: CG0: BCBC=CG
A;0 2870GJ= 8Q8=34 F0=J2J 28A8<;4@ A0:;0<0FJ=JG
.0=6J=
B47;8:4A8
870GJ= 8Q8=34 1C70@ D0@A0 2870G :0?JAJ=J :4A8=;8:;4
0Q<0FJ=JG
.0=<0 B47;8:4A8 870GJ :0?0BJ=JG
)86>@B0FJ
A86>@B0 :CBCAC=30= :0?0BJ=JG
;4:B@8:;8 2870G;0@J= 10I;0=BJ :01;>AC=C 0A;0 AJ20:
3C@C<30:8 2870G :0?0IJ=0 AJ:JPBJ@<0FJ=JG
"01;>
8G>;0AF>=C 4@8F418;8@
"JA0 34D@4 B47;8:4A8
/.'=@4 1'6'?@ ;+<'
1'6'1 )549'8@ .'8'72@
870GJ= :0?JAJ D4F0 :0?0: 2>=B0AJ 70A0@;JF:4=
<8:@>30;60FJ 0A;0 :C;;0=<0FJ=JG
$8:@>30;60 4=4@98A8
3JP0@J QJ:018;8@
$8:@>30;60FJ A03424 2870G B0<8@ >;3C:B0=
A>=@0 :C;;0=J=JG
B+;7+
870G FS:A4: JAJF0 D4F0 =4<4 <0@CG :0;<0<0;J3J@
"JA0
34D@4 B47;8:4A8
%+9+78/= 9+3/=2/1
870GJ 3SG4=;8 18@ P4:8;34 B4<8G;4F8=8G
.4B4@A8G B4<8G;8:
3C@C<C=30 FSG4F 70A0@ 6R@418;8@ D4 2870G G0<0= 8;4
?0A;0=018;8@
$8:@>30;60 4=4@98A8 3SP4@
4'7@32'7
+AC;S=4 CF6C= P4:8;34 F0?J;<0F0= >=0@J<;0@ B47;8:4;838@
;4:B@8: Q0@?<0 B47;8:4A8
&=0@J<;0@ A03424 58@<0<JG B0@05J=30= 4I8B8;<8P F4B:8;8
A4@D8A B4:=8AF4=;4@8 B0@05J=30= F0?J;018;8@
I4@ 2870G 1>GC: 8A4 A86>@B0 :CBCAC=30:8 A86>@B0FJ
:0?0BJ=JG D4D4F0 58P8 Q4:8=8G
.4B:8;8 A4@D8A8 Q0IJ@J=JG
RD34F8 :4A8=;8:;4 0Q<0FJ=JG
870G FS:A4: 64@8;8<;4
Q0;JP<0:B03J@
;4:B@8: Q0@?<0AJ
/175*'2-' ,@7@4@4
1:22'4@3@ /2+ /2-/2/
-G;+42/1 :<'7@2'7@
@*' 3'**+2+7/4/4
.'=@72'43'8@
$8:@>30;60FJ A03424 6J30 <0334;4@8=8 70GJ@;0<0
0<02JF;0 :C;;0=J=JG
0P:0 :C;;0=J<;0@ B47;8:4;8 >;018;8@ D4
0F@J20 G0@0@0 A414? >;018;8@
N@=4I8= JAJ=<JP Q4:8@34:
D4F0 B07J; 70ABJ:;0@J A00B;4@ A>=@0 30 ?0B;0F018;8@
.0=6J= B47;8:4A8
M>2C:;0@ A03424 :4=38;4@8=4 RI@4B8;<8PA4 <8:@>30;60
2870G;0@J :C;;0=018;8@
M>2C:;0@ 2870GJ 3>I@C 18@ P4:8;34
:C;;0=018;<4;8 D4 :C;;0=J< B0;8<0BJ=30 F4@ 0;0= B47;8:4;4@8
0=;0F018;<4;838@
/175*'2-' 1'*+3+8/
;+8G7+8/
/D/73+ 1'62'7@
A;0 0PJ@J FS:A4: 18@ <8:@>30;60 :034<4A8 D4F0 AS@4A8
0F0@;0<0FJ=JG
J30 <0334;4@8 BCBCP018;8@
870G G0@0@
6R@418;8@
.0=6J= B47;8:4A8
"C;;0=<0 :J;0DCGC=30:8 18;68;4@4 CF6C= P4:8;34 70@4:4B
438=8G
A;0 <8:@>30;60F0 CF6C= >;<0F0= :0?;0@ :C;;0=<0FJ=JG
'>@A4;4= D4 A4@0<8: B010:Q0=0:;0@J= :C;?;0@J=J= D4
:0?0:;0@J=J= 8Q8=34 Q>: :SQS: 34;8:;4@ 6RG4=4:;4@
>;018;8@
C 34;8:;4@8= 0@:0AJ=30 18@ 1>P;C: 1R;S<S F4@
0;<0:B03J@
>P;C: 1R;S<S=4 68@4= =4< :01J=
?0B;0<0AJ=0 =434= >;018;8@
.0@0;0=<0 B47;8:4A8
!AJ=0= F8F424:;4@ AJ20:;J: F0F0@
C F4<4:;4@8= 8Q8=34
1C;C=3C:;0@J :0?;0@ 30 Q>: JAJ=018;8@
.0=<0 B47;8:4A8
"01J D4 0:A4AC0@J 308<0 18@ <CB50: 4;38D4=8F;4 2870G30=
QJ:0@BJ=JG
3('2'02'7
A;0 F8F424:;4@8 AJ20: BCB0= 0<10;09;0@30 JAJB<0FJ=JG
.0=6J= B47;8:4A8
.8F424:;4@8 0A;0 ?;0AB8: :0IJB D4F0 38I4@ F0=J2J
<0;G4<4;4@34= S@4B8;<8P :0?;0@30 6RG4B8<A8G >;0@0:
JAJB<0FJ=JG
0D0 64Q8@<4F424: P4:8;34 :0?0BJ;<JP 14A8=;4@34
0<10;09 ?0B;0F018;8@
.0=<0 B47;8:4A8
<10;0930:8 18;68;4@4 CFC=CG
.4<4:;4@8 308<0 18@
<CB50: 4;38D4=8F;4 QJ:0@BJ=JG
>E+)+12+7
)JDJ;0@ JAJ=<0 4A=0AJ=30 1C70@;0P<0 =434=8F;4 0G0;018;8@
.0=8 B8?8: 1C70@;0P<0 :010@2J:;0@J >;CP<030= :0F=0<0
=>:B0AJ=0 C;0PJ;020:BJ@
"01J= A03424 18@0G A0@AJ;<0AJ
3C@C<C=30 18;4 AJ20: AJDJ 0=834= B0P018;8@ D4F0
AJQ@0F018;8@
.0=<0 B47;8:4A8
)JDJ;0@J JAJBJ@:4= 308<0 :01J= 8Q8= 18@ :0PJ: F4@;4PB8@8=8G
C
P4:8;34 AJDJ=J= 1C70@;0P<0 =434=8F;4 0G0;<0AJ=J
R=;4F418;8@A8=8G
HQ424:;4@8 0A;0 B0<0<JF;0 :0?0;J :0?;0@30 JAJB<0FJ=JG
'0B;0<0 B47;8:4A8
A;0 0;:>;;S 8Q424:;4@8 Q>: 50G;0 JAJB<0FJ=JG
'0B;0<0
B47;8:4A8
+(+1 3'3'8@
414: <0<0AJ=J 0A;0 :0?0;J :0? 8Q4@8A8=34 JAJB<0FJ=JG
"0?0IJ D4 4<G8I8 308<0 QJ:0@BJ=JG
$0<0FJ JAJBBJ:B0= A>=@0 8F824 :0@JPBJ@J=JG D4F0 Q0;:0;0FJ=JG
C P4:8;34 JAJ=J= 4P8B 34@42434 30IJ;<0AJ A0I;0=020:BJ@
.0=<0 B47;8:4A8
$0<0FJ 1414I4 D4@<434= <0<0=J= JAJAJ=J :>=B@>;
438=8G
'(:12: ;+<' *+7/2/
-@*'3'**+2+7/
A;0 FC<C@B0;0@J :01C:;0@J=J A>F<030= ?8P8@<4F8=8G
A;0
Q>: ?8P<8P FC<C@B0;0@J JAJB<0FJ=JG
.C<C@B0;0@
?0B;0F018;8@
F=J 3C@C< :01C:;C 70FD0=;0@ 8Q8= 34
64Q4@;838@
.0=<0 B47;8:4A8
0@30:B0 ?8P424: FC<C@B0;0@30 D4F0 A070=30 FC<C@B030
R=24 FC<C@B0=J= A0@JAJ 34;8=<4;838@
)4@B :01C:;C D4F0 34@8;8 6J30 <0334;4@8=34 R@=
4;<0
3><0B4A ?0B0B4A A>A8A :01C: ?0B;0F018;8@
!AJB<0
8P;4<8=34= R=24 :01CIC D4D4F0 34@8F8 34;8=8G
@*' 3'**+2+7/4/4
1:7:9:23'8@
J30 <0334;4@8=8 0A;0 <8:@>30;60 8;4 :C@CB<0FJ=JG
.0=6J= B47;8:4A8
!: 57'4@ *GDG1
</<+)+12+7
:<4: 6818 AC >@0=J 3SPS: F8F424:;4@8 0A;0 FS:A4:
:034<434 D4F0 CGC= AS@4 1CG QRG<4 D4F0 JAJB<0
8P;4<8=4 B018 BCB<0FJ=JG
.0=6J= B47;8:4A8
%+3+12/1 <'?
A;0 <8:@>30;60 8;4 A03424 F4<4:;8: F0I JAJB<0FJ=JG
.0=6J= B47;8:4A8
:3'4*' (F2G3G
F89+7-+
)00B D4 AS@4 8Q8=
F4+7 *G?3+
!''9 9:D:
!956 9:D:
)00B AS@4 D4F0
?@>6@0<
>B><0B8I8=8=
0F0@;0=<0AJ 8Q8=
:C;;0=J;J@
!9'79 9:D:
/175*'2-'
1'*+3+8/ 9:D2'7@
',@=' 9:D:
75-7'3
5953'9/?/ 9:D2'7@
-0BB
-0BB
-0BB
-0BB
-0BB
' '@>6@0< BCPC
IJ@;J: BCPC
'6'1 'E3'
*G?3+8/
18+8:'72'7
F4+7 9'('1
R=4@ B010IJ= B0:J;<0AJ
R=4@ B010IJ= BCBC2C 3SG4=8=8 ' 2870GJ= B010=J=J=
B0< >@B0AJ=30 1C;C=0= B07@8: 3SG4=8=4 ) 8F824
>BC@BBC@C=CG
R=4@ B010IJ ( BCBC2C 3SG4=8= ' SG4@8=4
F4@;4PB8@8=8G
870GJ A03424 3R=4@ B010IJ B0:0@0: :C;;0=J=JG
R=4@
B010IJ= BCBC2C 3SG4=8=8= F4@8=4 B0< >;0@0: >BC@<0AJ=0
38::0B 438=8G
R=4@ B010: A>;0 D4F0 A0I0 3R=418;8@
C=+2 '18+8:'7
C70@;J ?8P8@<4 :01J
NG4; 0:A4AC0@;0@J F4B:8;8 A4@D8AB4= D4F0 B4:=8: <0@:4BB4=
A0BJ= 0;018;8@A8=8G
#SB54= / =C<0@0AJ=J 14;8@B8=8G
/ >21 1:22'4@3*'4 F4)+
870GJ= 4;4:B@8: 10I;0=BJAJ F0?J;3J:B0= D4F0 18@ 4;4:B@8:
:4A8=B8A8=34= A>=@0 6RAB4@64 0;0=J=30 SQ AJ5J@ F0=J?
AR=4@
!''9/4
'<'72'43'8@
(4A8<34:8 :>FC @4=:;8
BCP;0@ 0F0@ 8Q8= 64@4:;838@
)00B BCPC=0 10AJ=JG
RAB4@6434 A00B D4 6R@S=BS;4=8@
R=4@ 3SI<4 8;4 A00B8 0F0@;0FJ=JG
)00B BCPC=0 10AJ=JG
RAB4@6434 AR=4@
S=24; A00B 0F0@;0=<JPBJ@
!''9/4 -/=2+43+8/
)00B BCPC=0 D4 0@3J=30= AB>? BCPC=0 10AJ=JG
RAB4@64 :0@0@J@
!''9/4 9+17'7
'<'72'43'8@
)00B BCPC=0 10AJ=JG
RAB4@6434 6R@S=BS;4=8@
$0334 D4 B4 B0@85
438;4= P4:8;34 0F0@;0FJ=JG
!''9/4 *+?/D9/7/23+8/
F74 <'= 8''9/4*+4 1@D
8''9/4+ -+E/D
$0334 8;0 B4 B0@85 438;4= P4:8;34 0F0@;0FJ=JG
/175*'2-'
$8:@>30;60;0@ 6J30 <0334;4@8=34 JAJF0
3R=SPBS@S;<4:B438@
$8:@>30;60 F8F424:;4@8= 7JG;J 18@
P4:8;34 QRGS;<4A8 JAJBJ;<0AJ 4@8B8;<4A8 D4 ?8P8@8;<4A8 8Q8=
CF6C=3C@
$8:@>30;60FJ 74<4= 18@ 34=4F8=8G
N@=4I8= Q0FJ=JG 8Q8=
18@ 58=20= AC JAJBJ=JG
S<SP F0 30 0;BJ= 34:>@;0@J >;<0F0= 1SFS: 18@ 58=20=
0;J=JG D4 8Q8=4 18@ Q0F :0PJIJ :>FC=CG
HQ8=34 AC 1C;C=0=
10@30IJ 3R=4@ B010IJ= SG4@8=4 F4@;4PB8@8=8G
4 10AJ=JG
R=4@ 3SI<4 8;4 30:8:0FJ 0F0@;0FJ=JG
)B0@B0 10AJ=JG
30:8:0 A0=8F4 A>=C=30 A8=F0; 3CFC;C@
)C 0@BJ:
AJ20:BJ@
M0FJ=JGJ 8Q4@:4= ;SB54= 1C :C;;0=J< :J;0DCGC=30:8
6SD4=;8: 18;68;4@8=8 18@ :4G 3070 >:CFC=CG
C 18;68;4@ Q>:
R=4<;838@
"'('1 ;+
E'4'12'7
#<-:4 9'('1
0< 20< A4@0<8: ?>@A4;4= A4@0<8: D4F0 JAJF0
30F0=J:;J ?;0AB8:
6818 JAJF0 30F0=J:;J 20<;0@ CF6C=3C@
C <0B4@F0;;4@ JAJFJ
64Q8@8@
)4@D8A :01J 30 :C;;0=018;8@A8=8G
C P4:8;34 :0?B0= :010
3>;3C@<0 8P;4<8=34= 34 B0A0@@C5 434@A8=8G
;BJ= D4F0 6S<SP 34:>@;C :0?;0@J A03424 S@4B828 58@<0
<8:@>30;60F0 30F0=J:;J >;3CIC=C 60@0=B8 438F>@A0
:C;;0=J=JG
#<-:4 523'<'4 1'62'7
$4B0; :0?;0@ CF6C= 34I8;38@
$4B0; <8:@>30;60;0@J 64Q8@<4G
.8F424:;4@ :0?0;J <4B0;
:0?;0@30 A>IC: :0;J@;0@
8::0B $4B0; T R@=
10@30:B0:8 :0PJ:T 8;4 ?8P8@<4 0;0=J
3CD0@;0@J D4 :0?0IJ= 8Q B0@05J 0@0AJ=30 4= 0G 2<
1C;C=<0;J3J@
"JDJ;2J<;0@ :0?0IJ= 8Q 20<J=0 G0@0@
D4@418;8@
'6 9+89/
A;0 <8:@>30;60FJ F8F424:A8G Q0;JPBJ@<0FJ=JG
*4: 8AB8A=0 34D0<30 14;8@B8;<8P >;0= :0? B4AB838@
I4@ :01J=JGJ= <8:@>30;60F0 CF6C= >;C? >;<03JIJ=30=
4<8= 34I8;A4=8G PC B4AB8 F0?J=JG
>P :01J K 8;4 30:8:0 0@0AJ <0:A8<C< 34@42434
2870G0 F4@;4PB8@8=8G
@030 AJ20:;JIJ B4AB 438=8G
"0?
A>IC: F0 30 DS2CB AJ20:;JIJ=30 >;<0;J3J@
I4@ 3070
AJ20: >;C@A0 F0 30 :JDJ;2J<;0@ >;CPC@A0 CF6C=ACG3C@
/175*'2-'
1'*+3+2+7/
/175*'2-'
1'*+3+8/
-0BB
D:4:4 /E/4 :<-:4*:7
-0BB
F4<4:;4@8= JAJBJ;<0AJ D4
?8P8@8;<4A8
4B8= ?8P8@8;<4A8 D4 70AA0A
F8F424:;4@8= JAJBJ;<0AJ
1CG QRG<4 D4 ?8P8@<4F4
34D0< 4B<4
70AA0A F8F424:;4@8= QRGS;<4A8
-0BB
-0BB
-0BB
59
AJDJ;0@J= JAJBJ;<0AJ
- <8:@>30;60 6S2S=S 30:8:0 0F0@;0F018;8@A8=8G
- 6S2S=S 18@ A00B 0F0@;0F018;8@A8=8G D4 38I4@
6SQ;4@8= 74@18@8=8 A00B D4 30:8:0 0F0@;0F018;8@A8=8G
A: D+1/2*+
'<'72'4@7
N@=4:
-
8;438I8=8G <8:@>30;60 :034<4A8=4 10AJ=JG
RAB4@6434 0F0@;0=0= <8:@>30;60 :034<4A8 F0=0@ D4
30:8:0 6R@S=BS;4=8@
R=4@ 3SI<4 8;4 AS@4F8 0F0@;0FJ=JG
)B0@B0 10AJ=JG
)S@4 6R@S=S@ P4:8;34 0G0;<0F0 10P;0@
!G7+ *52*:?:4*'
8@ A8=F0; A4A8 3CFC;C@
870GJ= :0?0IJ=J 0QJ=JG D4F0 AB>?
BCPC=0 10AJ=JG
)00B B4:@0@ 6R@S=BS;4=8@
!G7+4/4 *+?/D9/7/23+8/
R=4@ 3SI<4 8;4 AS@4F8 34I8PB8@8=8G D4 B4:@0@ 10P;0BJ=JG
:7*:73'
)B>? BCPC=0 18@ :4G 10AJ=JG D4F0 2870GJ= :0?0IJ=J 0QJ=JG
"0?0BBJ:B0= A>=@0 B4:@0@ )B0@B0 10AJ=JG
!/23+
)B>? BCPC=0 8:8 :4G 10AJ=JG D4F0 :0?0IJ 0QJ? AB>?0 18@
:4G 10AJ=JG
59
N=24 AS@4F8 D4 A>=@0 <8:@>30;60 :034<4A8=8
0F0@;0<0=JG 30 <S<:S=3S@
"'(252'7 ;+ <'7'72@ (/2-/2+7
"'(252'7 .'11@4*'
(/2-/2+7
$SB40:8? B01;>;0@30 <8:@>30;60 5>=:A8F>=C=0 08B 18@Q>:
>;0=0:;0@ D4 0F0@ 34I4@;4@8 1C;018;8@A8=8G
*01;>;0@30 18;38@8;<8P >;0= AS@4;4@ :J;0DCG 34I4@;4@38@
C
34I4@;4@ :C;;0=J;0= :01;0@0 14A8=;4@8= :0;8B4A8=4
AJ20:;JIJ=0 D4 AJ50B;0@J=0 10I;J3J@
*01;>;0@30 Q>: :4G 64=8P 18@ AS@4 8:8 34I4@ 0@0AJ=30
:0;0= 18@ AS@4 P4:;8=34 18;38@8;<8PB8@
N=24 :JA0 AS@4F8
0F0@;0FJ=JG D4 64@4:8@A4 A>=@0 1C AS@4F8 CG0BJ=JG
)8G8= 18;38I8=8G D4F0 :C;;0=3JIJ=JG <8:B0@;0@ B01;>;0@30
18;38@8;4= <8:B0@;0@30= 50@:;J >;018;8@
C 7CACA30 PC 5>@<S; A8G8= 8P8=8G8 :>;0F;0PBJ@018;8@
8;38@8;4= <8:B0@J= 8:8 <8A;8=8 :C;;0=<0: 34<4:
74<4= 74<4= 8:8 <8A;8 G0<0= 34<4:B8@
8;38@8;4= <8:B0@J= F0@JAJ=J :C;;0=<0: 34<4:
G0<0=J= 30 F0@JAJ 34<4:B8@
.4<4: ?8P8@<4: 8Q8= :C;;0=3JIJ=JG :01J 308<0 3R=4@
B010IJ= SG4@8=4 F4@;4PB8@8=8G
:= EF=3+
>=3C@C;<CP 14A8=;4@8 SABS 0QJ: 18@ :01J= 8Q8=4 :>FC?
3R=4@ B010IJ= SG4@8=4 F4@;4PB8@8=8G
B B0DC: D4F0 10;J:;0@J= 1CGC QRGS;S@:4= AJDJ >;CPC@
4A8=8 Q4D8@8@:4= 1C AJDJFJ B4<8G;4F8=8G D4 :4A8=;8:;4 B4:@0@
:C;;0=<0FJ=JG D4F0 10P:0 6J30 <0334;4@8F;4 B4<0A
4B<4A8=8 A0I;0<0FJ=JG
4A8=;4@8 0@0 AJ@0 T :4G Q4D8@8=8G D4F0 :0@JPBJ@J=JG
SFS: ?0@Q0 14A8=;4@8 18@:0Q :4G Q4D8@<4=8G 64@4:8@
4A8=;4@8= 8Q8=34:8 AJ20:;JIJ= <C=B0G0< 30IJ;018;<4A8
8Q8= 1CGC QRGS;<SP >;0= 14A8=;4@8 F0:;0PJ: 30:8:0
:030@ 3070 >30 AJ20:;JIJ=30 14:;4B8=8G
"S<4A
70FD0=;0@J=J= 8Q8=34:8 A0:0B0B;0@J P8<38 QJ:0@018;8@A8=8G
B8= >@B0 :JA<J=30 :SQS: 18@ ?0@Q0=J= 1CGC QRGS;<4<8P
>;A0 30 4B8 8P;4<4: <S<:S=3S@
/19'7
/175*'2-' -G)G $'99
&'3'4 8G7+ *'1/1'
SBS= ?0@Q0 4B
AJIJ@ 3><CG 30=0
:4<8:;8 D4F0
:4<8:A8G
6
6
6
- - T - - T - - T >I@0=<JP D4F0
38;8< 4B AJIJ@
3><CG 30=0
6
6
6
- - T - - T - - T '0@Q0;0@J Q4D8@8@:4=
18@18@;4@8=34= 0FJ@J=JG
"JF<0 :0@JPJ:
6
6
6
- - - T - - T $S<:S= >;3CIC :030@ F0AAJ
P4:8;34 3>=3C@C=CG
@0 AJ@0
18@:0Q :4G Q4D8@8=8G D4 1CGC
QRGS;<SP >;0= 4B;4@8 QJ:0@J=JG
"S<4A 70FD0=;0@J
D4F0 :S<4A
70FD0=;0@J=J=
?0@Q0;0@J
6
6
- - T - - T 0;J:
58;4B> 10;J:
?8@G>;0AJ 38;8<;4@
70;8=34
6
- - T )41G4 R@=
14G4;F4
6
- T $4FD4
R@=
5@0<1C0G
6
6
- T - - T @0 AJ@0 38::0B;824 :0@JPBJ@J=JG
D4 1CGC QRGS;<SP >;0=
?0@Q0;0@J 18@18@;4@8=34=
0FJ@J=JG
*4@4F0IJ
6
6
- - T - - T <10;0930= B0<0<4=
QJ:0@J=JG
SBS= 4:<4:
6
6
- - T - - T "C@C ?0AB0
R@=
10A8B ?0AB0
6
6
- T - - T M4D8@8@:4= ?0AB0 ?0@Q0;0@J=J
18@18@;4@8=34= 0FJ@J=JG
)03424
SG4@8=4 Q8:>;0B0 4@8<8P P4:4@
DA
AS@S;<4<8P :@4<0AJG D4F0
:@4< P0=B8A8G ?0AB0;0@ 8Q8=
)C;C ?0AB0
R@= <4FD4;8 ?0AB0
F0IAJG ASG<4
F>IC@B;C ?0AB0
6
6
- - T - - T )03424 SG4@8=4 Q8:>;0B0
4@8<8P P4:4@ DA
AS@S;<4<8P
D4F0 94;0B8=A8G ?0AB0;0@ 8Q8=
/2-/2+7
CGC QRGS;<SP >;0= ?0@Q0;0@J
18@18@;4@8=34= 0FJ@J=JG
+7/4
*54*:7:23:D
<+3+12+7/4
(:=:4:4
EF=G23+8/
@8@9@23'8@ ;+<'
6/D/7/23+8/
0GJ@ F4<4I8 0<10;09J=30= QJ:0@J=JG
$8:@>30;60 5J@J=0
30F0=J:;J 18@ :01 8Q8=34 3070 Q01C: D4 3070 <C=B0G0<
JAJ=J@
F=J :01 8Q8=34 >;0= 50@:;J F4<4:;4@ 50@:;J
34@42434 D4 50@:;J AS@4;4@34 JAJ=018;8@
.0AAJ F4<4:;4@ FS:A4: F4<4:;4@34= 3070 Q01C: ?8P4@
C =434=;4 F4<4:;4@8 :01J= 8Q8=4 <S<:S= >;3CIC :030@
F0AAJ 18@ P4:;834 F0FJ=JG
4A8=;4@8 SAB SAB4 38G<4F8=8G
.4<4:;4@8= SG4@8=8 308<0 :0?0BJ=JG
I4@ :01J=JG0 CF6C=
18@ :0?0: F>:A0 :01J= SG4@8=4 18@ B010: D4F0 RG4;
<8:@>30;60 5>;F>AC :0?0BJ=JG
.4<4:;4@8 0@0 AJ@0 T :4G :0@JPBJ@J=JG D4F0 Q4D8@8=8G
4A8=;4@8= 8Q8=34:8 AJ20:;JIJ= <C=B0G0< 30IJ;018;<4A8
8Q8= F4<4:;4@8 JAJ=3J:B0= A>=@0 30:8:0 :030@ 3070
14:;4B8=8G
.4<4:;4@8= :4=38=4 RG6S B03J 74<4= 74<4= B0<0<4=
:>@C=C@
C =434=;4 BCG D4 1070@0B :>F0@:4= 38::0B;8
>;C=CG
/19'7
/175*'2-' -G)G $'99
&'3'4 8G7+ *'1/1'
/2-/2+7
$R=S B010: F4<4:
T 50@:;J 18;4P4=;8
70GJ@ F4<4:
T6
- T M>@10;0@
6
- T *S@;S;4@
6
- T )>A 8Q8=34 4B R@=
6C;0P
6
- T "0@JPBJ@J@:4= 4B
?0@Q0;0@J=J
18@18@;4@8=34= 0FJ@J=JG
0;J: R@=
58;4B>
?0@Q0;0@J
6
- T 4@4:8@A4 AC ;8<>=
ACFC D4F0 P0@0? 8;0D4
438=8G
)C5;4;4@ R@=
#0A06=4 0==4;;>=8
6
- T 0@=8BS@;4@ "0BJ:;0@
'8@8=Q ?8;0DJ <0:0@=0
6
6
- T - T 8@0G AJDJ 8;0D4 438=8G
)41G4 R@=
14G4;F4
1@>:>;8 70DCQ
6
6
- T - T "01J= 8Q8=4 B010=J
R@BS;424: :030@ AC
3R:S=SG
!A?0=0: ?S@4A8
/19'7
/175*'2-' -G)G $'99
&'3'4 8G7+ *'1/1'
/2-/2+7
6
- T )C 8;0D4 4B<434=
?8P8@8=8G
%+3+12+7/4
@8@9@23'8@
0GJ@ F4<4I8 0<10;09J=30= QJ:0@J=JG
$8:@>30;60 5J@J=0
30F0=J:;J 18@ :01 8Q8=34 3070 Q01C: D4 3070 <C=B0G0<
JAJ=J@
F=J :01 8Q8=34 >;0= 50@:;J F4<4:;4@ 50@:;J
34@42434 D4 50@:;J AS@4;4@34 JAJ=018;8@
)JDJ <0334;4@8 JAJBJ@:4= :0F=0<0 6428:<4A8 >;<0AJ=J
R=;4<4: 8Q8= :01J= 8Q8=4 308<0 18@ :07D4 :0PJIJ :>FC=CG
"0F=0<0 6428:<4A8=34 :0F=0<0 AJ20:;JIJ=0 4@8P8;38I8
70;34 =>@<0; 18@ :0F=0<030 6RG;4=8;4= 5>:C@30<0 D4
AJDJ=J= 8Q8=34 70D0 :010@2J:;0@J=J= FS:A4;<4A8 >;0FJ=0
@0AB;0=<0G
"0F=0<0 6428:<4A8=8= ARG :>=CAC >;3CIC
18@ 3C@C<30 8Q8=34 AJDJ >;0= :01 18@0G :J?J@303JIJ 0=30
AJDJ 0=834= 5>:C@30F0@0: :0F=0<0F0 B0P<0F0 D4F0
4B@050 AJQ@0<0F0 10P;0F018;8@
C 30 F0@0;0=<0F0 D4
F0=<0F0 A414? >;018;8@
.4<4:;4@8= SG4@8=8 308<0 :0?0BJ=JG
I4@ :01J=JG0 CF6C=
18@ :0?0: F>:A0 :01J= SG4@8=4 18@ B010: D4F0 RG4;
<8:@>30;60 5>;F>AC :0?0BJ=JG
.4<4:;4@8 0@0 AJ@0 18@:0Q :4G :0@JPBJ@J=JG D4F0 Q4D8@8=8G
)J20:;JIJ :>=B@>; 438=8G
4A8=;4@8= 8Q8=34:8 AJ20:;JIJ= <C=B0G0< 30IJ;018;<4A8
8Q8= F4<4:;4@8 JAJ=3J:B0= A>=@0 30:8:0 :030@ 3070
14:;4B8=8G
/19'7
/175*'2-' -G)G $
&'3'4 8G7+ *'1/1'
$R=S B010: F4<4:
70GJ@ F4<4:
T 50@:;J 18;4P4=;8
T 6
- T HQ424:;4@
<;
<;
<;
- T - T - T /2-/2+7
"01J= 8Q8=4 :0PJ:
:>FC=CG
;:>;;S
8Q424:;4@8 50G;0
JAJB<0FJ=JG
@0 AJ@0
:>=B@>; 438=8G
/19'7
/175*'2-' -G)G $
&'3'4 8G7+ *'1/1'
/2-/2+7
414: <0<0AJ R@=
1814@>= 8Q8=34 ASB
<;
<;
<;
- F0:;
K
- F0:;
- F0:;
K
<G8:A8G D4 :0?0:AJG
!AJBBJ:B0= A>=@0 308<0
8F824 Q0;:0;0FJ=JG
)J20:;JIJ :4A8=;8:;4
:>=B@>; 438=8G
M>@10 B0A
B0A
6
6
- T - T )>A 8Q8=34 4B
6
- T *S@;S
6
6
- T - T )41G4 ?>@A8F>=
?>@A8F>=
6
6
- T - T %+3+12+7/4
6/D/7/23+8/
B 38;8<;4@8=8
18@18@;4@8=34= 0FJ@J=JG
8@0G AJDJ 8;0D4 438=8G
.4<4:;4@8 SABS :0?0;J :01;0@30 ?8P8@8=8G
@0 AJ@0
:0@JPBJ@J;<0;0@J D4F0 Q4D@8;<4;4@8 64@4:8@
.4<4:;4@8= :4=38=4 RG6S B03J 74<4= 74<4= B0<0<4=
:>@C=C@
C =434=;4 BCG D4 1070@0B :>F0@:4= 38::0B;8
>;C=CG
.0AAJ F4<4:;4@ FS:A4: F4<4:;4@34= 3070 Q01C: ?8P4@
C =434=;4 F4<4:;4@8 :01J= 8Q8=4 <S<:S= >;3CIC :030@
F0AAJ 18@ P4:;834 F0FJ=JG
4A8=;4@8 <S<:S=A4 SAB SAB4
38G<4F8=8G
4A8=;4@8= 8Q8=34:8 AJ20:;JIJ= <C=B0G0< 30IJ;018;<4A8
8Q8= F4<4:;4@8 ?8PB8:B4= A>=@0 30:8:0 :030@ 3070
14:;4B8=8G
/19'7
/175*'2-' -G)G $
&'3'4 8G7+ *'1/1'
/2-/2+7
*0<0<4=
A0:0B0BAJG B0DC:
B0G4
6
- T 380:
'8P8@<4 AS@4A8=8= F0@JAJ
3>;C=20 Q4D@8;<4;838@
0;J: 58;4B>AC B0G4
6
- T 380:
/19'7
/175*'2-' -G)G $
&'3'4 8G7+ *'1/1'
/2-/2+7
)41G4 B0G4
6
6
- T 380:
- T 380:
)41G4F8 0F=J 1SFS:;S:B4
?0@Q0;0@ 70;8=34
3>I@0FJ=JG
4@ 6
A41G4 8Q8= TF4<4:
:0PJIJ AC 8;0D4 438=8G
"0BJ:;J: R@=
?0B0B4A
6
6
6
- T 380:
- T 380:
- T 380:
'8@8=Q ?8;0DJ
6
- T 380:
- T 380:
- T 380:
- T 380:
'0B0B4A;4@8 0F=J 1SFS:;S:B4
?0@Q0;0@ 70;8=34
3>I@0FJ=JG
"01J= 8Q8=4
F0:;0PJ: 2< FS:A4:;8:B4
AC 3>;3C@C=CG :0@JPBJ@J=JG
H:8 <8A;8 AC 8;0D4 438=8G
6
*0B;J;0@ R@=
?C38=6 B>G
<;
- T 380:
<4FD4 :><?>AB>
6
- T 380:
'C38=68 0@0 AJ@0 QJ@?<0 B4;8
8;4 :4G 8F824
:0@JPBJ@J=JG
/175*'2-'
.'11@4*' <'7'72@
(/2-/2+7
'=@72'4'4 <+3+1 3/19'7@4'
:<-:4 '<'7 (/2-/2+7/ 9'(25*' <51
'8P8@<4 AS@4;4@8=8 PC 5>@<S;4 6R@4 CG0BJ=JG D4F0
:JA0;BJ=JG
8;38@8;4= <8:B0@J= 8:8 <8A;8=8 :C;;0=<0: 34<4:
74<4= 74<4= 8:8 <8A;8 G0<0= 34<4:B8@
8;38@8;4= <8:B0@J= F0@JAJ=J :C;;0=<0: 34<4:
G0<0=J= F0@JAJ 34<4:B8@
%+3+1 E51 1:7: 52*:
8@ 3070:8 A454@ 3070 :JA0 18@ ?8P8@<4 AS@4A8 D4F0
3070 3SPS: 18@ <8:@>30;60 6S2S 0F0@;0FJ=JG
.4<4:
:01J=J= :0?0IJ=J R@BS=SG D4 18@0G 3070 50G;0 AC
8;0D4 438=8G
<'72'4'4 8G7+ *52*:?: .'2*+
<+3+?/4 (:=: EF=G23+*/
@8@43'*@ ;+<' 6/D3+*/
070 CGC= 18@ AS@4 0F0@;0FJ=JG
$8:B0@ =4 :030@
50G;0 D4 14A8= =4 :030@ FS:A4: >;C@A0 AS@4 34 >
:030@ 3070 CGC= >;C@
<'72'4'4 6/D3+ 8G7+8/ 854'
+7*/?/4*+ <+3+?/4 *@D 1+4'7@
E51 8@)'1 ,'1'9 579'8@ *'.'
6/D3+3/D
@0 AJ@0 :0@JPBJ@J=JG D4 18@ 3070:8 A454@ 3070 3SPS:
18@ 6SQ D4 3070 CGC= 18@ AS@4 0F0@;0FJ=JG
:= EF=3+ /D2+3/4*+4 8547'
1G3+8 .'<;'4@4@4 ;+<' +9/4 *@D@
6/D3+<+ ('?2'3@D ,'1'9 579'8@4@4
(:=: .+4G= EF=G23+3/D
8@ 3070:8 A454@ 30 3SPS: 18@ <8:@>30;60 6S2S
0F0@;0FJ=JG
CGC QRGS;424: 14A8=8 <8:B0@ Q>: 8A4
18@:0Q :4G 34 Q4D8@418;8@A8=8G
B B0DC: D4F0 10;J:;0@J= 1CGC QRGS;S@:4= AJDJ
>;CPC@
4A8=8 Q4D8@8@:4= 1C AJDJFJ B4<8G;4F8=8G D4
:4A8=;8:;4 B4:@0@ :C;;0=<0FJ=JG D4F0 10P:0 6J30
<0334;4@8F;4 B4<0A 4B<4A8=8 A0I;0<0FJ=JG
/2-/
"0?J=J= 20<J=30 2870GJ= 8Q FSGS=34 D4 B010=J=30
:>=30=A4 AC >;CP018;8@
C =>@<0; 18@ 3C@C<3C@ D4
<8:@>30;60 5>=:A8F>=C=C 4B:8;4<4G
.4<4: ?8PB8:B4=
A>=@0 F>ICP<CP >;0= 1C ACFC A8;8? B4<8G;4F8=8G
75-7'3 5953'9/?/
'@>6@0< >B><0B8I8 8;4 F8F424:;4@8=8G8 :>;0F20 QRG418;8@
F4<4:;4@8 7JG;J D4 @070B 18@ P4:8;34 70GJ@;0F018;8@A8=8G
$8:@>30;60 2870GJ=J >B><0B8: ?@>6@0<0 A078?B8@
4@ ?@>6@0< 8Q8= CF6C= F4<4:;4@8 D4 0IJ@;J: A070AJ=J
B01;>;0@30= RI@4=418;8@A8=8G
4@ 0IJ@;JIJ 14;8@;8 18@ 0IJ@;J:
A070AJ 8Q4@8A8=34 0F0@;0F018;8@A8=8G
A: D+1/2*+
'<'72'4@7
' BCPC=0 38;438I8=8G ?@>6@0< =C<0@0AJ
6R@S=BS;4=4=4 :030@ 10AJ=JG
BCPC=0 10AJ=JG
RAB4@6434 ' F0=0@ D4 18@ 34I4@ R=4@8A8
6R@S=BS;4=8@
R=4@ 3SI<4 8;4 F4<4I8= 0IJ@;JIJ=J 0F0@;0FJ=JG
)B0@B0 10AJ=JG
'@>6@0<J= AS@4A8 6R@S=S@ P4:8;34 8;4@;4<4F4 10P;0@
!G7+4/4 *523'8@4*'4
8547'
8@ A8=F0; A4A8 3CFC;C@
870G :0?0=J@
AB>?0 10AJ=JG D4F0 2870GJ= :0?0IJ=J 0QJ=JG
G=+293+
H:8 :4G )B>?0 10AJ=JG D4 B4:@0@ 0F0@;0FJ=JG
:7*:73'
870G :0?0IJ=J 0QJ=JG
"0?0BBJ:B0= A>=@0 B4:@0@
10P;0BJ=JG
M0;JP<0 34D0< 434@
!/23+
)B>? BCPC=0 8:8 :4G 10AJ=JG
#<'7@2'7
0GJ ?@>6@0<;0@30 14;8@;8 18@ AS@4 A>=@0 18@ A8=F0; A4A8
3CFC;C@
870GJ= :0?0IJ=J 0QJ=JG D4 F4<4:;4@8 :0@JPBJ@J=JG
4B8 F0 30 :S<4A 70FD0=J=J Q4D8@8=8G
"0?0BBJ:B0= A>=@0
B4:@0@ )B0@B0 10AJ=JG
'@>6@0< =C<0@0AJ=J D4 0IJ@;JIJ ' D4D4F0 8;4
A>@6C;0F018;8@A8=8G
)>@6C;0=0= 34I4@ A0=8F4 8Q8=
6RAB4@6434 6R@S=BS;4=8@
:= EF=3+
675-7'32'7@
+8/42+7/4 .'=@72'43'8@
1CG QRG<4 ?@>6@0<J 8;4 4B :S<4A 70FD0=;0@J 4:<4:
D4 ?0AB0 1CGC=C QRG<4: <S<:S=3S@
$S<:S= >;3CIC :030@ F0AAJ D4 CF6C= ?>@A8F>=;0@0
1R;S=4@4: G34 3>=3C@C;<CP D4 34?>;0=<JP
14A8=;4@ :C;;0=J=JG
4A8=;4@8 1CG;0@J=J QRG<4: 8Q8= 64=4; >;0@0:
0<10;09J=30= QJ:0@J=JG D4 B0@BJ=JG
'@>6@0<J
0F0@;0F018;<4: 8Q8= 14A8=8= 0IJ@;JIJ=J 18;<4=8G 64@4:8@
"'('1 ;+ E'4'12'7
4A8=;4@8 <8:@>30;60;0@0 :0@PJ 30F0=J:;J 18@ F0AAJ :010
R@=
18@ 20< D4F0 ?>@A4;4= B010I0 F4@;4PB8@8=8G D4
SG4@8=4 18@ :0?0: :0?0BJ=JG
/42+43+ 8G7+8/
CGC QRGS;<SP >;0= 14A8= JAJ=J= 34=64;8 F0FJ;<0AJ 8Q8=
W30:8:0 3070 14:;4B8;<4;838@
SFS: ?0@Q0 4B;4@8= 14:;4B8;<4 AS@4A8 :SQS: ?0@Q0;0@30=
3070 CGC= >;<0;J3J@
.0AAJ ?0@Q0;0@J D4 :JF<0FJ
38=;4=38@4< AS@4A8=34= R=24 18@18@;4@8=34= 0FJ@<0=JG
D4F0 30IJB<0=JG 3>I@C >;C@
C 38=;4=38@<4 AS@4A8=34= A>=@0 14A8=;4@8
8P;4F418;8@A8=8G :0;J= 4B ?0@Q0;0@J=J= >@B0 :JAJ<;0@J=30:8 1C
74=SG QRGS;<4<8P >;A0 30 Q=4<;8 34I8;38@
"S<4A
70FD0=;0@J=J= 8Q8=34:8 A0:0B0B;0@J P8<38 QJ:0@018;8@A8=8G
!/4<'2
0GJ ?@>6@0<;0@30 14;8@;8 18@ AS@4 A>=@0 18@ A8=F0; A4A8
3CFC;C@
870GJ= :0?0IJ=J 0QJ=JG D4 F4<4:;4@8 :0@JPBJ@J=JG
4B8 F0 30 :S<4A 70FD0=J=J Q4D8@8=8G
"0?0BBJ:B0= A>=@0
B4:@0@ AB0@B0 10AJ=JG
/11'9
>=3C@C;<CP 4B;4@8= D4F0 10;J:;0@J= :S<4A 70FD0=;0@J=J=
1CGC=C QRG4@:4= AC >;CPC@
C AC :4A8=;8:;4 ?8P8@<4
8P;4<8=34 :C;;0=J;<0<0;J3J@ D4F0 10P:0 14A8=;4@4 B4<0A
4B<4<4;838@
@*' 3'**+8/
75-7'3 4:3'7'8@
?@72@1 '2'4@
"JF<0
' 6 T :6
.0AAJ 4B ?0@Q0;0@J
' 6 T :6
*0DC: B0DC: ?0@Q0;0@J
' 6 T :6
:<4:
' 6 T :6
%+3+1 6/D/73+
675-7'32'7@
"'('1 ;+ E'4'12'7
?8P8@<4 ?@>6@0<J 8;4 ?8@8=Q ?0B0B4A D4 A41G4
?8P8@418;8@A8=8G
4A8=;4@8 64=4; >;0@0: <8:@>30;60 5J@J=30 :C;;0=J;<0F0
CF6C= 18@ :01 8Q8=34 D4 SG4@8=4 18@ :0?0: R@B4@4:
?8P8@8=8G
'8@8=Q ?8;0D 8Q8= 1SFS: D4 FS:A4: 18@ :01
:C;;0=<0;JAJ=JG
+8/42+7/4 .'=@72'43'8@
4A8;4@8 B0@BJ=JG
'@>6@0<J 0F0@;0F018;<4: 8Q8= 14A8=8=
0IJ@;JIJ=J 18;<4=8G 64@4:8@
'8@8=Q ';0AB8: B>@10 8Q8=34 :0F=0BJ;0@0: ?8P8@8;4= ?8@8=Q
:C;;0=<0FJ=JG
O@4B828=8= 0<10;09 SG4@8=34 D4@38I8 18;68;4@4 6R@4
64@4:4= <8:B0@30 AC 8;0D4 438=8G
%>@<0; >;0@0: ?8@8=28=
0IJ@;JIJ=J= 8:8SQ <8A;8 AC 8;0D4 438;8@
'0B0B4A "01CIC A>FC;<CP BCG;C AC30 ?8P8@8;4= ?0B0B4A
?8P8@<4: 8Q8= B0G4 ?0B0B4A;4@8 A>FC=CG 4I4@
A>FC;<0<JP;0@A0 D4 :SQS: ?0@Q0;0@ 70;8=34 3>I@0FJ=JG
4@ 6 BCG;C AC30 ?8P8@8;4= ?0B0B4A 8Q8= 18@Q>@10
:0PJIJ AC D4 18@0G BCG 8;0D4 438=8G
*0G4 A41G4 *0G4 B4<8G;4=<8P A41G4F8 B0@BJ=JG
)41G4F8
:SQS: <C=B0G0< ?0@Q0;0@ 70;8=34 3>I@0FJ=JG
4@ 6
A41G4 8Q8= 18@ Q>@10 :0PJIJ AC 8;0D4 438=8G
!/4<'2
'@>6@0< Q0;JP<0:B0F:4= 14;;8 18@ AS@4 A>=@0 18@ A8=F0;
A4A8 3CFC;C@
4A8;4@8 :0@JPBJ@J=JG
/42+43+ 8G7+8/
'@>6@0< A>=0 4@38:B4= A>=@0 14A8=;4@8 B4:@0@
:0@JPBJ@J=JG
4A8=;4@ JAJ=J= 34=64;8 F0FJ;<0AJ 8Q8=
W30:8:0 3070 14:;4B8;<4;838@
'8P8@<4=8= A>=C2C 14A8=;4@8= :0;8B4A8=4 D4 AJ50B;0@J=0
10I;J3J@
@*' 3'**+8/
75-7'3 4:3'7'8@
?@72@1 '2'4@
'8@8=Q
' V:6
'0B0B4A
' V:6
1G4
' V:6
',@='
05JG0 5>=:A8F>=C 8;4 :4=38 ?@>6@0<J=JGJ
>;CPBC@018;8@A8=8G
05JG0 5>=:A8F>=C AJ: AJ: 70GJ@;03JIJ=JG
F4<4:;4@ 8Q8= <0=BJ:;J >;020:BJ@
C 5>=:A8F>= A0F4A8=34
F4<4I8= 0F0@;0@J=J :0F3434@4: 38;438I8=8G34 B4:@0@
Q0IJ@018;8@A8=8G
/7 <+3+?/
.',@='<' '23'
N@=4:
- 30:8:0
$ BCPC=0 10AJ=JG
RAB4@6434 $ F0=0@
8;438I8=8G <8:@>30;60 :034<4A8=4 10AJ=JG
RAB4@6434 $ A4Q8;4= :034<4 D4 30:
6RAB4@8;8@
R=4@ 3SI<4 8;4 AS@4F8 0F0@;0FJ=JG
$ 8;4 >=0F;0FJ=JG
)00B B4:@0@ 6R@S=BS;4=8@
F0@ :0F3438;<8PB8@
05JG0 :0F3J=J B0<0<;03J:B0= 74<4= A>=@0 F4<4I8
?8P8@<4F4 10P;0F018;8@A8=8G
C=C= 8Q8= :0FJB 8P;4<8=8=
A>=C=30 $ BCPC=0 34I8; AB0@B BCPC=0 10AJ=JG
#<'7@2'7
@:0 0@:0F0 18@34= 50G;0 <8:@>30;60 :034<4A8
0F0@;0F0<0GAJ=JG
&B><0B8:?@>6@0<;0@J=J:0F3434<4GA8=8G
.4=8 18@ F4<4: :0F34B<4
$ BCPC=0 10AJ=JG
A:8 0F0@;0@ 6R@S=BS;4=8@
.4=8
?@>6@0<J 8;0 B4 B0@85 438;4= P4:8;34 :0F3438=8G
',@='<'
1'<*+*/2+4
:<-:2'3'<@
('D2'93'
"0FJB;J ?@>6@0<J :>;0F20 10P;0B018;8@A8=8G
.4<4I8=8G8
2870G0 F4@;4PB8@8=8G
870GJ= :0?0IJ=J :0?0BJ=JG
$ BCPC=0 10AJ=JG
"0FJB;J 0F0@;0@ 6R@S=BS;4=8@
)B0@B0 10AJ=JG
F0@;0=<JP >;0= AS@4 6RAB4@6434 6R@S=S@ 18@
P4:8;34 Q0;JPJ@
!G7+ *52*:?:4*'
8@ A8=F0; A4A8 3CFC;C@
870G :0?0=J@
870GJ= :0?0IJ=J
0QJ=JG D4F0 AB>? BCPC=0 10AJ=JG
:7*:73'
870G :0?0IJ=J 0QJ=JG
"0?0BBJ:B0= A>=@0 B4:@0@ )B0@B0
10AJ=JG
M0;JP<0 34D0< 434@
<'7@4 8/2/43+8/
)B>? BCPC=0 8:8 :4G 10AJ=JG D4F0 2870GJ= :0?0IJ=J 0QJ?
AB>?0 18@ :4G 10AJ=JG
!/4<'2 8G7+8/4/ *+?/D9/73+
870G :0?0=3JIJ=30 18@ A8=F0; A4A8 3CFC;C@
C A8=F0;
A4A8=8= AS@4A8=8 34I8PB8@418;8@A8=8G
C=C= 8Q8= F0:;
A0=8F4 1>FC=20 )B0@B BCPC=0 10AJ=JG
.4=8 A8=F0; AS@4A8 34D@0;J=J@
)00B B4:@0@ 6R@S=BS;4=8@
*4@287 43418;424I8=8G A4Q4=4:;4@ PC=;0@3J@
"JA0 A8=F0; AS@4A8 B>=
+GC= A8=F0; AS@4A8 B>=
'1@3 ;+ "+3/=2/1
"4A8=;8:;4 FS:A4: 10AJ=Q;J B4<8G;4<4 A8AB4<;4@8 D4F0
1C70@;J B4<8G;4<4 A8AB4<;4@8 :C;;0=<0FJ=JG
"JA0 34D@4
B47;8:4A8
"4A:8= D4F0 0PJ=3J@J2J B4<8G;4<4 <0334;4@8
:C;;0=<0FJ=JG
.SG4F G0@0@ 6R@418;8@
C BS@ 18@ <0334=8=
R= FSG4F4 B4<0A 4B<4A8 3C@C<C=30 B4<0A 434= 1R;64F8
34@70; 1>; ACF;0 A8;8=8G
"+3/=2/1
3'2=+3+2+7/
/.'=@4 *@D@
6'82'43'= E+2/1 <G=+<
.J:0<0 34B4@90=J FC<CP0: 18@ 14G;4 :C@C;0FJ=JG
.J:0<0 34B4@90=J FC<CP0: 18@ 14G;4 :C@C;0FJ=JG
:8@4Q F0I =8P0AB0 D4 ?@>B48= ;4:4;4@8=8 308<0 74<4=
B4<8G;4F8=8G
NG4; ?0A;0=<0G Q4;8: B4<8G;4F828;4@8=8 <SPB4@8
78G<4B;4@8<8G34= D4F0 F4B:8;8 A4@D8AB4= B4<8=
43418;8@A8=8G
/D/73+ '2'4@
)J20: 34B4@90=;J AC D4F0 A8@:4;8 AC FC<CP0: 18@ 14G;4
8F824 :C@C;0FJ=JG
'82'43'= E+2/1 6/D/73+ '2'4@
J@J= A?@4F8 D4 10P:0 06@4A85 5J@J= B4<8G;4F828;4@8 D4F0
0PJ=3J@J2J <0334;4@ :C;;0=<0FJ=JG
C;0PJ: B4;;4@8 A4@B
AS=64@;4@ D4F0 B4=24@4 B4<8G;4F828;4@8 34 CF6C= 34I8;38@
C <0334;4@ FSG4F8 Q8G424:B8@
549'
)J20: FJ:0<0 ACFC
'6@ 8G7-G2+7/
0< B4<8G;4F828;4@
7@=' *:7:3:4*' 4+ <'63'2@
&;CP0= 0@JG0;0@J= Q>IC Q>: 10AJ= A>@C=;0@30=
:0F=0:;0=<0:B03J@
.4B:8;8 A4@D8A8 0@0<030= R=24 ;SB54=
0P0IJ30:8 18;68;4@4 38::0B 438=8G
7@='
2'8@ 4+*+4/
/2-//*+7/23+8/
870G Q0;JP<JF>@
8P B0:J;J 34I8;38@
8P8 ?@8G4 B0:J=JG
;4:B@8: :4A8=B8A8
$CB50IJ= ;0<10AJ=J= F0=J?
F0=<03JIJ=J :>=B@>; 438=8G
)86>@B0 0@JG0;J3J@
870GJ= A86>@B0AJ=J= 8F8 3C@C<30
>;C? >;<03JIJ=J A86>@B0 :CBCAC=0
10:0@0: :>=B@>; 438=8G
0B0;J :C;;0=J<
)86>@B0 :CBCAC=30:8 2870G
A86>@B0AJ=J :0?0BJ=JG D4 F0:;
A0=8F4 A>=@0 B4:@0@ 0QJ=JG
RAB4@6434 SQ AJ5J@ F0=J?
AR=SF>@
;4:B@8: :4A8=B8A8
)00B8 F4=834= 0F0@;0FJ=JG
870G 34D@434 34I8;
RAB4@6434 18@ AS@4
6RAB4@8;8F>@
HAB4=<434= 3R=4@
3SI<4 34D@4F4
A>:C;3C
)B>? BCPC=0 10AJ=JG
F0@;0<0 F0?J;3J:B0=
A>=@0 )B0@B BCPC=0
10AJ;<0<JPBJ@
)B0@B0 10AJ=JG D4F0 0F0@J )B>? 8;4
A8;8=8G
J@J=J= :0?0IJ B0<
:0?0=<0<JPBJ@
870GJ= :0?0IJ=J= 0@0AJ=0 F4<4:
0@BJ:;0@J=J= D4F0 F010=2J 18@
<0334=8= 68@8? 68@<438I8 :>=B@>;
438=8G
$8:@>30;60 Q0;JP<JF>@
7@='
2'8@ 4+*+4/
/2-//*+7/23+8/
)B0@B0 10AJ;<0<JPBJ@
)B0@B BCPC=0 10AJ=JG
0G;0 3SPS: 18@
<8:@>30;60 :034<4A8
0F0@;0=<JPBJ@
070 FS:A4: 18@ <8:@>30;60
:034<4A8 0F0@;0FJ=JG
%>@<0;34:8=34= 3070
1SFS: 18@ F4<4: <8:B0@J
5J@J=0 D4@8;<8PB8@
$8:B0@J= 8:8 :0BJ AS@4=8= 8:8 :0BJ
.4<4:;4@ 38I4@
A454@;4@34= 3070
A>IC:BC
.4<4:;4@8 0@0 AJ@0 :0@JPBJ@J=JG D4F0
Q4D8@8=8G
R=4@ B010:B0= QJGJ@BJ D4F0
AS@BS=<4 A4A8 64;8F>@
R=4@ B010: B07@8I8
0;0=J=30 :8@ D4F0
F010=2J <0334 D0@3J@
'8P8@<4 0;0=J=30:8 68@8=B8F8 D4
<0:0@0;J 70;:0FJ B4<8G;4F8=8G
$8:@>30;60 8P;4B8<8 14;8@;8
18@ =434= >;<030=
3C@3C@C;CF>@
$8:@>30;6030 0@JG0
A0?B0=<JPBJ@
C 70B0=J= B4:@0@;0=<0AJ
3C@C<C=30 F4B:8;8 A4@D8A4 7014@
D4@8=8G
.4<4:;4@ 4A:8A8=34= 3070
F0D0P JAJ=JF>@;0@
"'3/7 E'2@D3'2'7@ 8'*+)+ +?/9/32/ <+91/2/ 8+7;/8
9+14/8<+42+7/ 9'7',@4*'4 <'6@23'2@*@7 870G 3SG6S=
>=0@J;<03JIJ B0:38@34 28338 B47;8:4;4@ ARG :>=CAC
>;020:BJ@
%+91/2/ 8+7;/8
870GJ=JGJ= >=0@J;<0AJ 64@4:8@A4 F4B:8;8 A4@D8A8<8G 308<0
78G<4B8=G3438@
)8G4 4= F0:J= F4B:8;8 A4@D8A8= 034A8=8 D4
B4;45>= =C<0@0AJ=J B4;45>= @4714@8=34 1C;018;8@A8=8G
C@030 18;38@8;<8P >;0= F4B:8;8 A4@D8A <4@:4G;4@8 SG4@8=34=
34 A8G4 4= F0:J= F4B:8;8 A4@D8A 70::J=30 18;68 0;018;8@A8=8G
H:3'7'8@ ;+
H:3'7'8@
.4B:8;8 A4@D8A8<8G4 308<0 2870GJ=JGJ= S@S= =C<0@0AJ=J
%@
D4 8P;4<4 =C<0@0AJ=J %@
18;38@8=8G
C
=C<0@0;0@J= F0GJ;J >;3CIC B8? ;4D70AJ 2870GJ= :0?JAJ=J=
A0I F0= B0@05J=303J@
8@ 0@JG0 70;8=34 CGC= AS@4 0@0<0:
<421C@8F4B8=34 :0;<0<0: 8Q8= 2870GJ=JG0 08B >;0= 1C
18;68;4@8 74<4= 1C@0F0 F0GJ=JG
T%@
.4B:8;8 A4@D8A T%@
"+14/1 F=+22/12+7
;4:B@8: 0:J<J 14A;4<4A8
T , *>?;0< 10I;0=BJ 34I4@8
-
$8:@>30;60 6S2S
-
@4:0=A
$ G
G
10B;0@ . E E 870G
EE 2<
870GJ= 8Q :JA<J
EE 2<
IJ@;J:
:6
*O, :>=B@>;;S
4D4B
8P0@4B8
4D4B
C 2870G % D4D4F0 !)'( =>@<;0@J=0
CF6C=3C@
6@C? AJ=J5J S@S=S3S@
6@C? 6J30 JAJB<0 0<02JF;0 :C;;0=J;0= <8:@> 30;60;0@J
B4<A8; 434@
AJ=J5J 2870GJ= 4D >@B0<J=30 :C;;0=J<0 CF6C= >;3CIC=C
6RAB4@8@
592'7
592'7
592'7
" 0>;?07=@?=

Para que cocinar sea tan divertido comocomer, lea este manual de

Transcrição

Documentos relacionados

012345627874 47458 78 8 28 8 0 7874 74 85 02

1. 2

RF 2.7 - Servis Life