Lavadora secadora/Máquina de lavar/secar
Transcrição
Lavadora secadora/Máquina de lavar/secar
,A,/:=,U>0.,/:=,!J<@49, /0 7,A,=>0.,= 0> 9>[email protected]:90> /0 @>: C 8:9?,50 ;? 9>?=@LR0> /0 >0=A4L: 0 /0 8:9?,208 H9/4.0 9>[email protected]:90> "?7@C>24:^? C6=2E:G2 2 =2 6=:>:?24:^? 56 C6D:5F@D =:>:?24:^? 56= 6>32=2;6 =:>:?24:^? 56= 6=64EC@5@>ZDE:4@ FD25@ )C@E644:^? 56= >65:@ 2>3:6?E6 @?D6;@D 6 :?5:424:@?6D "?DECF44:@?6D 86?6C2=6D 56 D68FC:525 ?E6D 56 :?:4:2C =2 AF6DE2 6? D6CG:4:@ .D@ 4@CC64E@ 56 =2 =2G25@C2dD6425@C2 @?D:56C24:@?6D 2= =2G2C J D642C C@A2 F:525@D A2C2 =2 =2G25@C2dD6425@C2 ,F ?F6G2 =2G25@C2dD6425@C2 )2?6= 56 >2?5@ 6D4C:A4:^? 56 =2 =2G25@C2dD6425@C2 F?4:@?2>:6?E@ J 6BF:A2>:6?E@ 6DA64:2= )C6A2C24:^? J 4=2D:7:424:^? 56 =2 C@A2 )C6A2C24:^? 56= =2G25@ =2D:7:424:^? 56 =2 C@A2 A2C2 6= =2G25@ =2D:7:424:^? 56 =2 C@A2 A2C2 6= D6425@ 6E6C86?E6D J AC@5F4E@D =:>A:25@C6D @D:7:424:^? 56 56E6C86?E6 %=6?25@ 56 56E6C86?E6 @ 56 AC@5F4E@ =:>A:25@C )C:>6C =2G25@ )C@8C2>2D J 7F?4:@?6D &2?5@ D6=64E@C 56 AC@8C2>2D )F=D2C =2 E64=2 M "?:4:@)2FD2 %2 E64=2 +VA:5@ I -64=2 "?:4:@ 9 W -64=2 r ,642C J -64=2 56 B46?EC:7F8 9>[email protected]:90> /08:9?,50 %2G25@ J D6425@ ,^=@ =2G2C ,^=@ D642C %2G25@D6425@ :? 56 AC@8C2>2 %:>A:6K2 J >2?E6?:>:6?E@ 56 =2 =2G25@C2dD6425@C2 2;2 J E23=6C@ 56 >2?5@D -2>3@C F36E2 A2C2 6= 56E6C86?E6 @>32 56 56D28a6 :=EC@ 6? =2 >2?8F6C2 56 6?EC252 56 28F2 6D:?4CFDE24:^? 6? =2 =2G25@C2dD6425@C2 Q*FZ 9246C D: 2E@D 56 4@?DF>@ ,6CG:4:@ 56 2E6?4:^? 2= 4=:6?E6 "?DE2=24:^? 4@?6I:^? J EC2?DA@CE6 56 =2 =2G25@C2dD6425@C2 "?7@C>24:@?6D 56 D68FC:525 446D@C:@D 6DEV?52C :>6?D:@?6D ,68FC@D 56 EC2?DA@CE6 )@D:4:@?2>:6?E@ J ?:G6=24:^? ':G6=24:^? %@?8:EF56D 56 >2?8F6C2D J 423=6D @?6I:^? 2 =2 2=:>6?E24:^? 56 28F2 -C2?DA@CE6 56 =2 =2G25@C2dD6425@C2 @?6I:^? 6=Z4EC:42 "?5:46 = 25BF:C:C DF ?F6G2 =2G25@C2dD6425@C2 @D49 FDE65 D6 92 564:5:5@ A@C F? 6=64EC@5@>ZDE:4@ >@56C?@ J 56 2=E2D AC6DE24:@?6D DE2 ?F6G2 =2G25@C2dD6425@C2 6D 6= C6DF=E25@ 56 G2C:@D 2]@D 56 :?G6DE:824:^? = 5:D6]@ G2?8F2C5:DE2 J =2 42=:d 525 56 =@D AC@46D@D 56 AC@5F44:^? 6>A=625@D 6? =2 723C:424:^? 56 6DE6 AC@5F4E@ =6 82C2?E:K2? BF6 E6?5CV A@C 56=2?E6 >F49@D 2]@D 56 F? 7F?4:@?2>:6?E@ 6I46=6?d E6 56= >:D>@ ,F 4@?46A4:^? D2E:D7246 E@5@D =@D C6BF:D:d E@D 56 =2G25@ J D642C24EF2=6D J 7FEFC@D ,F 32;@ 4@?DF>@ 6? 28F2 6?6C8\2 J 56E6C86?E6 2JF52 2 =2 4@?D6CG24:^? 56= >65:@ 2>3:6?E6 J C65F46 2= >\?:>@ =@D 82DE@D 56 7F?4:@?2>:6?E@ = 4@?DF>@ 56 28F2 J 6?6C8\2 92 6IA6C:>6?E25@ F?2 C65F44:^? DFDE2?4:2= 6? E@5@D =@D AC@8C2>2D DE@D C6d DF=E25@D D6 92? =@8C25@ 8C24:2D 2 F? D:DE6>2 56 =2G25@ 6DA64:2= GV=:5@ A2C2 E@5@D =@D AC@8C2>2D J 4@? E@5@D =@D E6;:5@D = E2>3@C 4F6?E2 4@? EC6D V=236D 6IE6C?@D BF6 >2?E:6?6? 6= 28F2 6? 4@?DE2?E6 4:C4F=24:^? 72G@C64:6?5@ 4@? 6==@ F? =2G25@ :?E6?D:G@ J F?:7@C>6 4@? F? >6?@C 4@?d DF>@ 56 28F2 ==@ 2D68FC2 F? =2G25@ J 24=2C25@ 56 =2 C@A2 4@? 6= >VI:>@ 4F:525@ = ?F6G@ D:DE6>2 56 =2G25@ 6D E2? 6764E:G@ BF6 :?4=FD@ =2 C@A2 DF4:2 AF656 =2G2CD6 D:? F? 4:4=@ 56 AC6=2G25@ = AC6=2G25@ D^=@ D6 C64@>:6?52 A2C2 C@A2 >FJ DF4:2 -@52D =2D =2G25@C2D D6425@C2D D2=:52D 56 7V3C:42 92? A2D25@ A@C F? C:8FC@D@ 4@?EC@= BF6 82C2?E:K2 DF 4@CC64d E@ 7F?4:@?2>:6?E@ J F? 6DE25@ ^AE:>@ ,: EFG:6C2 2=8F?2 5F52 D@3C6 E@5@ 6? =@ BF6 D6 C67:6C6 2 =2 :?DE2=24:^? J 4@?6I:^? 56= 2A2C2E@ ?@ 5F56 6? A@?6CD6 6? 4@?E24E@ 4@? ?F6DEC@ 56A2CE2>6?E@ 56 D6CG:4:@ 2= 4=:6?E6 )F656 @3E6?6C >VD :?7@C>24:^? J 4@?DF=E2C ?F6DEC@D AC@5F4E@D 6? ?F6DEC2 AV8:?2 56 "?E6C?6E 9EEAHHH3@D49d92FD86C26E656 )@C 72G@C =62 J D:82 4F:525@D2>6?E6 E@52D =2D :?DECF4d 4:@?6D 56 7F?4:@?2>:6?E@ 6 :?DE2=24:^? J E@52D =2D 56d >VD :?7@C>24:@?6D 25;F?E252D 4@? =2 =2G25@C2dD6425@d C2 @?D6CG6 E@52 =2 5@4F>6?E24:^? A2C2 A@D:3=6D 4@?DF=d E2D A@DE6C:@C6D A@C A2CE6 DFJ2 @ 56 @EC@D A@D:3=6D FDF2d C:@D 56= 2A2C2E@ 91:=8,.4Q9 =07,?4A, , 7, 074849,.4Q9 /0 =0>4/@:> ,F ?F6G2 =2G25@C2dD6425@C2 G:6?6 DF>:?:DEC252 56?d EC@ 56 F? 6>32=2;6 AC@E64E@C -@5@D =@D >2E6C:2=6D 6>A=625@D D@? C64:4=23=6D J ?@ A6C;F5:42? 2= >65:@ 2>3:6?E6 =:>:?2C 6= 6>32=2;6 56 7@C>2 C6DA6EF@D2 4@? 6= >65:@ 2>3:6?E6 = G6?565@C 56= 2A2C2E@ @ =2D 2FE@C:5256D =@42=6D AF656? :?7@C>2C 246C42 56= >6;@C >@5@ A2C2 6=:>:?2C 6= 6>32=2;6 d E$0742=: /0 ,>14B4, '@ 56;2C 6= 6>32=2;6 ?: @EC2D A2CE6D 2D@4:252D 2= 2=d 42?46 56 ?:]@D A6BF6]@D I:DE6 A6=:8C@ 56 2D7:I:2 A@C =2 >2?:AF=24:^? 56 =2 =V>:?2 56 A=VDE:4@ J 56 =2D 42;2D 56 42CE^? A=6823=6D 74849,.4Q9 /07 08-,7,50 74849,.4Q9 /07 070.?=:/:8M>?4.: @>,/: + ó M%@D 6=64EC@5@>ZDE:4@D FD25@D ?@ D@? C6D:5F@D 42d C6?E6D 56 G2=@C ,6 AF656? C64FA6C2C >2E6C:2D AC:>2D G2=:@D2D >6d 5:2?E6 6= C64:4=25@ 56 =@D 6=64EC@5@>ZDE:4@D FD25@D d E$0742=: /0 8@0=?0 6D6?49F72C =2 4=2G:;2 56 6?49F76 2 =2 C65 6=Z4EC:42 56 =@D 2A2C2E@D ?@ FE:=:K25@D @CE2C 6= 423=6 56 E@>2 2 =2 C65 6=Z4EC:42 J 56D9246CD6 56 ZDE6 4@? =2 4=2G:;2 56 6?49F76 2 =2 C65 6=Z4EC:42 6DECF:C =2 46CC25FC2 56 =2 AF6CE2 DE2 6D F?2 >65:52 56 AC6G6?4:^? A2C2 6G:E2C BF6 F? ?:]@ AF652 BF652C 6?46CC25@ 6? 6= :?E6C:@C 56= 2A2C2E@ J DF7C:6C2 2D7:I:2 DE6 2A2C2E@ 4F>A=6 4@? =2 :C64E:G2 6FC@A62 D@3C6 2A2C2E@D 6=Z4EC:4@D J 6=64EC^?:4@D :56?E:7:4252 4@>@ +6D:5F@D 56 2A2C2E@D 6=Z4EC:4@D J 6=64EC^?:4@D %2 5:C64E:G2 AC@A@C4:@?2 6= >2C4@ 86?6C2= GV=:5@ 6? E@5@ 6= V>3:E@ 56 =2 .?:^? FC@A62 A2C2 =2 C6E:C252 J =2 C6FE:=:K24:^? 56 =@D C6D:5F@D 56 =@D 2A2C2E@D 6=Z4EC:4@D J 6=64EC^?:4@D $=:?0..4Q9 /07 80/4: ,8-409?0 :9>05:> 0 49/4.,.4:90> %2 =2G25@C2 FE:=:K2 28F2 6?6C8\2 J 56E6C86?E6 56 7@C>2 67:4:6?E6 AC@E68:6?5@ 2D\ 6= >65:@ 2>3:6?E6 J C65F4:6?5@ =@D 82DE@D 5@>ZDE:4@D /Z2D6 =2 AV8:d ?2A2C2 4@?DF=E2C =@D G2=@C6D 56 4@?DF>@ 56 DF 2A2C2E@ .D@ 56 =2 =2G25@C2dD6425@C2 56 7@C>2 67:4:6?E6 J C6Dd A6EF@D2 4@? 6= >65:@ 2>3:6?E6 .D2C =2D 42A24:5256D >VI:>2D C64@>6?5252D '@ DFA6C2C =2 42C82 >VI:>2 '@ FE:=:K2C 6= AC6=2G25@ 4@? C@A2 6?EC6 A@4@ DF4:2 J ?@C>2= @D:7:42C 6= 56E6C86?E6 2564F2C =2 42C82 56 C@A2 J 2;FDE2C 6= 8C25@ 56 5FC6K2 56= 28F2 D68`? 6= 8C25@ 56 DF4:6525 ,68F:C =2D C64@>6?524:@?6D 56 5@D:d 7:424:^? J =2D :?DECF44:@?6D 56= 723C:42?E6 =68:C =2 >2J@C G6=@4:525 56 46?EC:7F825@ 4@>A2E:3=6 4@? 6= E:A@ 56 C@A2 2 =2G2C F2?E@ >2J@C D62 =2 G6=@4:525 >6?@D E2C52CV =2 C@A2 6? D642CD6 J 6? 4@?D64F6?4:2 6= 4@?DF>@ 56 6?d 6C8\2 D6CV >6?@C 9>[email protected]:90> 2090=,70> /0 >02@=4/,/ DE2 =2G25@C2dD6425@C2 4F>A=6 =@D C6BF6C:>:6?E@D C6=6G2?E6D 6? >2E6C:2 56 D68FC:525 9?0> /0 494.4,= 7, ;@0>?, 09 >0=A4.4: "?DE2=2C =2 =2G25@C2dD6425@C2 56 4@?7@C>:525 4@? =2D :?DECF44:@?6D 56 :?DE2=24:^? GZ2D6 =2 AV8:d ?2 +6E:C2C J 8F2C52C =@D D68FC@D 56 EC2?DA@CE6 '@ 4@?64E2C =2 =2G25@C2dD6425@C2 D: ZDE2 AC6D6?d E2C2 52]@D G:D:3=6D ? 42D@ 56 5F52 4@?DF=E2C 2= D6CG:4:@ EZ4?:4@ @ 2= G6?565@C 56= 2A2C2E@ %66C 4F:525@D2>6?E6 =@D 5@4F>6?E@D 25;F?E2d 5@D RDE@D 4@?E:6?6? :?7@C>24:@?6D :>A@CE2?E6D A2C2 =2 :?DE2=24:^? FD@ J D68FC:525 56= 2A2C2E@ )>: .:==0.?: /0 7, 7,A,/:=,U>0.,/:=, DE2 =2G25@C2dD6425@C2 92 D:5@ 5:D6]252 A2C2 F? FD@ 5@>ZDE:4@ 6I4=FD:G2>6?E6 6= =2G25@ 56 E6;:5@D 2AE@D A2C2 =2G2C 2 >VBF:?2 6? 28F2 J A2C2 6= D6425@ 56 =@D >:D>@D 6= 7F?4:@?2>:6?E@ 4@? 56E6C86?E6D 56 FD@ 4@>6Cd 4:2= J AC@5F4E@D =:>A:25@C6D 2AE@D A2C2 DF FD@ 6? =2G25@C2D ": @?474D,= =2 =2G25@C2dD6425@C2 D: =2 C@A2 92 D:5@ EC2E252 4@? 5:D@=G6?E6D @ 92 C64:3:d 5@ F? EC2E2>:6?E@ A2C2 6= 4@=@C A 6; 4@? BF:E2d >2?492D @ 4@? ZE6C 56 A6EC^=6@ =2 C@A2 4@?E:6?6 A@=G@ A 6; 9@==\? 56 42C3^? @ 92C:?2 =2 C@A2 4@?E:6?6 6DAF>2 @ 8@>2 =2 C@A2 4@?E:6?6 C6DE@D 56 =242 56 A6=@ 5:D@=G6?E6 56 6D>2=E6 56 F]2D @ DFDE2?4:2D A@C 6= 6DE:=@ :9>4/0=,.4:90> ,7 7,A,= C >0.,= =:;, ,242C 56 =@D 3@=D:==@D E@5@D =@D @3;6E@D AC6D6?E6D 6DA64:2=>6?E6 =@D 6?46?565@C6D '@ 56;2C BF6 92J2 ?:]@D ;F?E@ 2= 2A2C2E@ D:? G:8:d =2?4:2 &2?E6?6C 2=6;25@D 2 =@D 2?:>2=6D 56 4@>A2]\2 '@ 6?49F72C ?: 56D6?49F72C =2 4=2G:;2 56 6?49F76 2 =2 C65 6=Z4EC:42 4@? =2D >2?@D 9`>652D '@ 56D6?49F72C =2 4=2G:;2 56 6?49F76 2 =2 C65 6=Z4d EC:42 E:C2?5@ 56= 423=6 -6?6C AC642F4:^? 2= 56D28F2C 28F2 42=:6?E6 @4/,/:> ;,=, 7, 7,A,/:=,U>0.,/:=, '@ DF3:CD6 2 =2 =2G25@C2dD6425@C2 '@ 2A@J2CD6 D@3C6 =2 AF6CE2 23:6CE2 56 42C82 56 =2 =2G25@C2dD6425@C2 '@ :?DE2=2C =2 =2G25@C2dD6425@C2 6? F?2 6DE2?4:2 6? =2 BF6 92J2 C:6D8@ 56 96=252D %@D D68FC@D 56 EC2?DA@CE6 5636? 6DE2C 4@=@425@D A2C2 6764EF2C 6= EC2?DA@CE6 56= 2A2C2E@ '@ 9@0A, 7,A,/:=,U>0.,/:=, %#&')!#$)%( ""$% )'$) &' '%& -% !()'!8 *!%'( !)!+%( %#&')!#$)% !()'!*!%' 2A2?42;A2 =.?. =?29.C.1< < .42;A2 =.?. .;A2@ 12 ?2:<7.1< %#&')!#$)% !()'!*!%' 2A2?42;A2 =.?. 9.C.1< =?6;06=.9 %#&')!#$)% !()'!*!%' 16A6C<@ = 27 @B.C6F.;A2 < .9:61P; '#&!"" )!" ('+!!% '!' " &%')!"" ' - '''" $,907 /0 8,9/: $" " &$)"" +!(*"!.!4$ ;160. 9<@ .7B@A2@ @292006<;.1<@ =27 C29<061.1 12 02;A?63B4.1< A62:=< 1632?61< .@N 0<:< 29 =?<4?2@< 129 =?<4?.:. E 29 [email protected]< 129 :6@:< $!%'( "*#!$%(%( %&!4$ !$!!% )'#!$% $)'!* 12A2?:6;.; 29 0<;U A2;61< 12 9. =.;A.99. 12 [email protected]; ($%(' $?<4?.:. 12 @20.1< 6;A2;@6C< @292006<;.1. (' J $?<4?.:. 12 @20.1< =.?. =?2;1.@ 1296U 0.1.@ @292006<;.1. " $!!%*( $.?. 29 6;606< E =B2@A. 2; =.B@. 12 9<@ 0609<@ " &*') ' $.?. 9. .=2?AB?. 12 9. =<?A699. 12 0.?4. "( /&!% I .12:I@ 129 =?<=6< =?<4?.:. @6 @2 ?2>B62?2 B?.06P; .0<?A.1. 129 =?<4?.:. $!!% W .12:I@ 129 =?<=6< =?<4?.:. @6 @2 ?2>B62?2 '292006<;. 9. 5<?. 12 6;606< ?2A?.@. 29 6;606< 129 =?<4?.:. ' J '292006<;. 29 :<1< 12 @20.1< E 9. 5<?. 12 @20.1< $)'!* B '292006<;. 9. C29<061.1 12 02;A?63B4.1< < G@6; 02;A?63B4.1< 36;.9 .@ 9I:=.?.@ 6;160.1<?.@ 12 9.@ A209.@ @2 2;062;U 12; @6 2@AI; .0A6C.@ 9.@ 0<??2@=<;162;A2@ <=06<;2@ $% &'%'#%' $.?. 0<;:BA.? 29 2;02;161< E .=.4.1< 12 9. @20.1<?. 9.C.1<?. E =.?. 9. @292006P; 12 9<@ =?<4?.:.@ '2 =B212 46?.? 2; 9<@ 1<@ @2;A61<@ 9 :.;1< =?<4?.:.1<? ;< 46?. :62;A?.@ 5.E. B; =?<4?.:. 2; 3B;06<;.:62;A< . @20B2;06. 129 =?<4?.:. 2@ 0<;A?<9.1. 2920A?P;60.:2;A2 0>.=4;.4Q9 /0 7, 7,A,/:=,U>0.,/:=, @9.4:9,8409?: C 0<@4;,8409?: 0>;0.4,7 DE2 =2G25@C2dD6425@C2 A6C>:E6 2A=:424:@?6D A@D:3=6D D^=@ =2G25@ D^=@ D6425@ J =2G25@D6425@ :?:?E6CCF>A:5@ ? 6= AC@8C2>2 56 =2G25@dD6425@ :?:?E6CCF>A:5@ D6 A2D2 5:C64E2>6?E6 56= 4:4=@ 56 =2G25@ 2= 56 D6425@ = D6425@ D6 C62=:K2 D:8F:6?5@ 6= AC:?4:A:@ 56 4@?56?D24:^? = 4@?56?D25@ AC@5F4:5@ 5FC2?E6 6= D6425@ D6 6G24`2 2= DF>:56C@ 2 EC2GZD 56 =2 >2?8F6C2 56 56D28a6 = 8C:7@ 5636 6DE2C 23:6CE@ J =2 >2?8F6C2 56 56D28a6 5636 6DE2C 3:6? 4@=@4252 :?4=FD@ 5FC2?E6 6= D6425@ , ;@0=?, /0 .,=2, %2 =2G25@C2dD6425@C2 G:6?6 6BF:A252 4@? F? 5:DA@D:E:G@ 56 D68FC:525 BF6 :>A:56 BF6 =2 AF6CE2 56 42C82 AF652 23C:CD6 5FC2?E6 6= 7F?4:@?2>:6?E@ ?E6D 92J BF6 4@>AC@32C BF6 ?@ BF652 28F2 6? 6= 56A^D:E@ 56 28F2 56 =2 >VBF:?2 J BF6 ?@ 92J >@G:>:6?E@ 6? 6= E2>3@C ;0=?@=, /0 7, ;@0=?, /0 .,=2, ?=,> 149,74D,= 07 ;=:2=,8, q DA6C2C 92DE2 BF6 6? 6= 5:DA=2J 2A2C6K42 =2 :?5:424:^? 9/ q )F=D2C =2 E64=2 BF6 D6 6?4F6?EC2 6? 6= 6>36==6465@C 56=2?E6C@ '0P,7 ,.S>?4., %2 D6]2= 24`DE:42 DF6?2 4F2?5@ D6 AF=D2 F?2 E64=2 2= :?:4:2CD6 F? AC@8C2>2 2= 7:?2=:K2C 6= AC@8C2>2 D: D6 AC@5F46? 2G6C\2D @ 72==@D 56 7F?4:@?2>:6?E@ q )F=D2C D:>F=EV?62>6?E6 =2D E64=2D &J;4/: I J 94.4: A2C2 24E:G2C @ 56D24E:G2C =2 D6]2= ? 6= 5:DA=2J 2A2C646CV =2 :?5:424:^? j @ i i '@ D6 AF656 >@5:7:42C 6= G@=F>6? 56 5:492 D6]2= 24`DE:42 >?,/: /07 ;=:2=,8, )F=D2C =2 E64=2 .09?=41@2 A2C2 BF6 2A2C6K42 :?5:425@ 6? 6= 5:DA=2J 6= 6DE25@ 56= AC@8C2>2 .?2 G6K D6=644:@?252 =2 G6=@4:525 56 46?EC:7F825@ 2A2C646CV :?5:425@ 6= 6DE25@ 56= AC@8C2>2 ,: =2 =2G25@C2dD6425@C2 D6 6?4F6?EC2 6? 6= 4:4=@ 56 =2G25@ D6 G:DF2=:K2 6= D\>3@=@ ÊÊ 6? =2 A2CE6 4@CC6DA@?5:6?E6 2= =2G25@ =2G2C 56= 5:DA=2J ,: =2 =2G25@C2dD6425@C2 D6 6?4F6?EC2 6? 6= 4:4=@ 56 D6425@ D6 G:DF2=:K2 6= D\>3@=@ ÊÊ 6? =2 A2CE6 56= 5:DA=2J 4@CC6DA@?5:6?E6 2= D6425@ r D642C $=0;,=,.4Q9 C .7,>414.,.4Q9 /0 7, =:;, $=0;,=,.4Q9 /07 7,A,/: /A0=?09.4, %@D @3;6E@D A6BF6]@D DF6=E@D A 6; >@?652D 4=:AD 56 5@4F>6?E@D 28F;2D 4=2G@D 6E4 AF656? 52]2C =2D AC6?52D 56 C@A2 J 4:6CE2D A:6K2D 56 =2 =2G25@C2dD6425@C2 A 6; 6= E2>3@C q /24:2C =@D 3@=D:==@D 56 E@52D =2D AC6?52D 56 C@A2 q =:>:?2C =@D C6DE@D 56 2C6?:==2D @ A6=FD2D 56 =@D 3@=D:==@D AF]@D J 5@3=646D q 6CC2C 4C6>2==6C2D J 23C@492C =2D 7F?52D 56 2=>@9252D J 4@;:?6D q *F:E2C =2D 4@CC656C2D 56 =2D 4@CE:?2D @ 8F2C52C=2D 6? F?2 C6564:==2 @ 3@=D2 q %2G2C 56?EC@ 56 F?2 C65 @ 56 F?2 7F?52 56 2=>@925^? AC6?52D 56=:4252D 4@>@>65:2D 4@CE:?2D 6E4 A6BF6]2D AC6?52D 56 C@A2 4@>@ A 6; 42=46E:?6D @ A2]F6=@D DF;6E25@C6D C67@CK25@D 4@? 2=2>3C6D 6= 2=2>3C6 D6 AF656 D@=E2C 5FC2?E6 6= =2G25@ J 42FD2C 52]@D q %@D A2?E2=@?6D E6;:5@D EC:4@E25@D 56 AF?E@ J EC:4@E25@D A 6;b AC6?52D 56 AF?E@ 42>:D6E2D @ DF5256C2D 5636? :?EC@5F4:CD6 525@D =2 GF6=E2 q '@ =2G2C AC6?52D D:? 5@3=25:==@D @ 56D82CC252D AF6D A@5C\2? 56D9:=2492CD6 7,>414.,.4Q9 /0 7, =:;, ;,=, 07 7,A,/: /A0=?09.4, :6CE2D AC6?52D 56 C@A2 AF656? 56DE6]:C )@C 6==@ ?@ D6 5636 =2G2C C@A2 C64:Z? E6]:52 @ ?F6G2 4@? @EC2 C@A2 J2 FD252 9 [email protected] /07 .:7:= C 07 2=,/: /0 >@.40/,/ %2D AC6?52D 3=2?42D AF656? G@=G6CD6 8C:D6D %2G2C =2 C@A2 3=2?42 J =2 56 4@=@C A@C D6A2C25@ =,/: /0 >@.40/,/ $:.: >@.4, ,:? DF4:6525 ?: >2?492D G:D:3=6D %2 C@A2 AC@323=6>6?E6 92 23D@C3:5@ 6= @=@C 4@CA@C2= +@A2 =:86C2 56 G6C2?@ J AC6?52D 56A@CE:G2D AF6DE2D 5FC2?E6 G2C:2D 9@C2D 2>:D6E2D 42>:D2D @ 3=FD2D AF6DE2D 5FC2?E6 6= >:D>@ 5\2 +@A2 56 42>2 @ E@2==2D 4@? F? FD@ 56 F? `?:4@ 5\2 '@.40/,/ 9:=8,7 ,F4:6525 G:D:3=6 J@ F?2D A@42D >2?492D ?@ >FJ :?E6?D2D 2>:D6E2D 42>:D2D J 3=FD2D :>AC68?252D 56 DF5@C @ 4@? F? FD@ 56 G2C:@D 5\2D 2=K@?4:==@D J 3C282D AF6DE@D F? 5\2 )2]@D 56 4@4:?2 E@2==2D 56 >2?@ J C@A2 56 42>2 FD252 5FC2?E6 F?2 D6>2?2 @CE:?2D D:? DF4:6525 56 ?:4@E:?2 FD252D 5FC2?E6 D6:D >6D6D @ >6?@D !@C >@.4, @? DF4:6525 J@ >2?492D G:D:3=6D -C2A@D 56 4@4:?2 FD25@D 5FC2?E6 F?2 D6>2?2 ,6CG:==6E2D 56 E6=2 236C@D 56 363ZD )C6?52D 6IE6C?2D 56 ?:]@ @ DFZE6C A2C2 56A@CE6 J A2?E2=@?6D 4@CE@D 4@? >2?492D 56 9:6C32 J@ E:6CC2 +@A2 56 EC232;@ 4@>@ A 6; >@?@D 56 >64V?:4@ J 32E2D J >2?5:=6D 56 A2?256C@D @ 42C?:46C@D !,9.3,> ?O;4.,> C2D2 4@CA@C2= 8C2D2D J 246:E6D 56 4@4:?2 D2=D2D 246:E6 >:?6C2= 46C2 BF6 4@?E6?82 8C2D2 @ 246:E6 -Z 427Z G:?@ E:?E@ 7CFE2 9@CE2=:K2D BF6 D6 AF656? 3=2?BF62C ,2?8C6 9F6G@ =6496 2=>:5^? BF6 4@?E6?82 AC@E6\?2 @ 9:5C2E@D 56 42C3@?@ !@==\? E:6CC2 2C6?2 A:8>6?E@D AC6?52D 56A@CE:G2D 56 E6?:D >2?49252D 56 E:6CC2 32E:52 2C4:==2 C@;:K2 74849,.4Q9 /0 8,9.3,> =:>:?2C @ AC6EC2E2C =2D >2?492D 6? 4F2?E@ D62 A@D:3=6 EC2D DF 2A2C:4:^? ? AC:>6C =F82C EC2E2C =2 >2?492 4@? F?2 D@=F4:^? ;23@?@D2 '@ 7C@E2C ,6=644:@?2C 2 4@?E:?F24:^? 6= AC@8C2>2 2564F25@ J =2G2C =2 AC6?52 6? 4F6DE:^? i %2D >2?492D A6CD:DE6?E6D @ D642D 2 G646D D^=@ D6 AF656? 6=:>:?2C EC2D G2C:@D =2G25@D 7,>414.,= 7, =:;, , 7,A,= /0 ,.@0=/: .:9 7,> 49>[email protected]:90> 49/4.,/,> 09 7,> 0?4<@0?,> /0 7,> ;=09/,> %2G2C D^=@ AC6?52D 6? 4FJ2D 6E:BF6E2D 2A2C6K42? =@D D:8F:6?E6D D\>3@=@D 56 =2G25@ =8@5^? 2 ° )C6?52D C6D:DE6?E6D 56 4@=@C 2 ° ° ° )C6?52D D:?EZE:42D 2 ° ° ° ,652 J =2?2 =2G23=6 2 >2?@ J 2 >VBF:?2 6? 7C\@ 2° ° '@ =2G2C 6? =2 =2G25@C2dD6425@C2 AC6?52D 56 C@A2 BF6 ==6G6? =2 D:8F:6?E6 6E:BF6E2 4@? :?DECF44:@?6D 56 =2G25@ ?@ =2G2C =2D:7:42C =2 C@A2 E6?:6?5@ 6? 4F6?E2 =2D 42A24:5256D >VI:>2D 56= 2A2C2E@ '@ 42C82C >VD C@A2 56 =2 25>:d D:3=6 AF6D D6 @3E6?5C\2? F?@D A6@C6D C6DF=E25@D 6? 6= =2G25@ ,=2, 8JB48, /0 =:;, ;,=, 07 7,A,/: +@A2 3=2?42 J 56 4@=@C )C6?52D D:?EZE:42D J AC6?52D 56=:4252D %2?2 J D652 =2G23=6 2 >VBF:?2 <8 <8 <8 7,>414.,.4Q9 /0 7, =:;, ;,=, 07 >0.,/: /A0=?09.4, =2D:7:42C =2 C@A2 56 24F6C5@ 4@? =@D D\>3@=@D 56 =2d G25@ AC6D6?E6D 6? =2D 6E:BF6E2D 56 =2D AC6?52D )2C2 6= D6425@ 2 >VBF:?2 FD2C D^=@ AC6?52D 56 C@A2 >2C4252D 6? =2 6E:BF6E2 4@>@ 2AE2D A2C2 D6425@C2 @ :56?E:7:4252D A@C =@D D:8F:6?E6D D\>3@=@D 56 4F:52d 5@D 56 =2 C@A2 ,642C 2 E6>A6C2EFC2 ?@C>2= ,642C 2 32;2 E6>A6C2EFC2 D6425@ DF2G6 ": D642C =2D D:8F:6?E6D AC6?52D 6? =2 =2G25@C2dD642d 5@C2 +@A2 :56?E:7:4252 4@? 6= D:8F:6?E6 D\>3@=@ 56 4F:525@ 56 =2 C@A2 '@ D642C 6? F?2 D6425@C2 56 E2>3@C 8:C2E@C:@ -6;:5@D 96C>ZE:4@D A 6;E6;:5@D 4@? C64F3C:>:6?E@ 56 8@>2 &2E6C:2=6D 56=:425@D D652 4@CE:?2D 56 7:3C2D D:?d EZE:42D d ;:/=O,9 ,==@2,=>0 +@A2 49@CC62?5@ d 070A,/: .:9>@8: /0 090=U 2O, %2?2 @ E6;:5@D BF6 4@?E6?82? =2?2 ,68F:C =2D :?DECF44:@?6D 56= 723C:42?E6 i 636CV C6DA6E2CD6 =2 42C82 >VI:>2 56 =2 >VBF:d ?2 '@ >6E6C >VD 42C82 56 C@A2 BF6 =2 A6C>:E:52 6? =2 =2G25@C2dD6425@C2 ,=2, 8JB48, /0 =:;, ;,=, >0.,/: =8@5^? AC6?52D C6D:DE6?E6D 56 4@=@C6D D^=:5@D )C6?52D D:?EZE:42D <8 <8 :9>0=A,.4Q9 /0 7, 090=2O, D 24@?D6;23=6 =2G2C D:6>AC6 =2D AC6?52D 56 2=8@5^? J =2D AC6?52D C6D:DE6?E6D 56 4@=@C6D D^=:5@D 6? F? 4:d 4=@ 56 A=6?2 42C82 56 =2 =2G25@C2 <8 D68F:5@ A@Dd E6C:@C>6?E6 56 G2C:2D 42C82D :?76C:@C6D A2C2 DF D642d 5@ :9>05:> ;=J.?4.:> q .E:=:K2C `?:42>6?E6 6= D:DE6>2 56 D6425@ 4@? C@A2 AC6G:2>6?E6 =2G252 24=2C252 J 46?EC:7F8252 q %2D AC6?52D D:?EZE:42D 5636C\2? 9236C D:5@ 46?EC:d 7F8252D 2 =2 G6=@4:525 2564F252 GZ2D6 =2 E23=2 56 AC@8C2>2D 2?E6D 56 DF D6425@ 6? 6= E2>3@C 8:C2d E@C:@ q )2C2 =@8C2C =@D >6;@C6D C6DF=E25@D 4=2D:7:42C =2 C@A2 D68`? 6= E:A@ 56 7:3C2 J 6= ?:G6= 56D625@ 56 D6425@ q IEC26C =2 C@A2 56=:4252 56 =2 =2G25@C2dD6425@C2 4F2?5@ 2`? 6DEZ =:86C2>6?E6 9`>652 6;2C D642C 3C6G6>6?E6 2= 2:C6 F? D6425@ 6I46D:G@ 6? =2 D6d 425@C2 4@? E2>3@C 8:C2E@C:@ AF656 2CCF82C =2 C@A2 q '@ 6D ?646D2C:@ A=2?492C =2 C@A2 :?>65:2E2>6?E6 56DAFZD 56= D6425@ ,6 C64@>:6?52 5@3=2C @ 6?d C@==2C =2D AC6?52D 2?E6D 56 A=2?492C=2D A2C2 BF6 =2 9F>6525 C6D:5F2= AF652 6IE6?56CD6 C68F=2C>6?E6 A@C E@52 =2 C@A2 0?0=209?0> C ;=:/@.?:> 748;4,/:=0> :>414.,.4Q9 /0 /0?0=209?0 d E$0742=: /0 09A0909,8409?: &2?E6?6C =@D 56E6C86?E6D J AC@5F4E@D =:>A:25@C6D 7F6C2 56= 2=42?46 56 =@D ?:]@D @D:7:42C 6= 56E6C86?E6 6? 7F?4:^? 56 q =2 5FC6K2 56= 28F2 ,6 AF656 2G6C:8F2C =2 5FC6K2 56= 28F2 6764EF2?5@ F?2 4@?DF=E2 2 =2 4@>A2]\2 DF>:?:DEC25@C2 56 28F2 q =2D 6DA64:7:424:@?6D 56= 723C:42?E6 56= 56E6C86?E6 q =2 42?E:525 56 C@A2 DF4:2 q 6= 8C25@ 56 DF4:6525 i .?2 5@D:7:424:^? 4@CC64E2 C65F46 6= :>A24E@ D@3C6 6= >65:@ 2>3:6?E6 J 82C2?E:K2 F?@D 3F6?@D C6DF=d E25@D 6? 6= =2G25@ i %2D 42?E:5256D 56 56E6C86?E6 :?5:4252D 6? =@D A2BF6E6D J 6?G2D6D D6 C67:6C6? 2 42C82D 4@>A=6d E2D 56 =2 =2G25@C2 ,: D6 =2G2 >6?@D C@A2 @ D: ZDE2 6DEV A@4@ DF4:2 92J BF6 C65F4:C =2 42?E:525 56 56E6C86?E6 i )2C2 6= AC@8C2>2 56 =2?2 FD2C `?:42>6?E6 56E6Cd 86?E6D ?6FEC@D A2C2 6= =2G25@ 56 AC6?52D 56 =2?2 @=0D, /07 ,2@, =,/: /0 /@=0D, =2?52 FC6K2 >65:2 FC2 &FJ 5FC2 =,/:> 1=,9.0>0> 1 92DE2 ° ° ° ° ° )@C 6?4:>2 56 ° =,/:> ,708,90> / 92DE2 ° ° ° ° ° )@C 6?4:>2 56 ° :>414.,.4Q9 /0 /0?0=209?0 09 ;:7A: :>414.,.4Q9 /0 /0?0=209?0 7O<@4/: &:;, >@.4, 9:=8,7 q =68:C F? AC@8C2>2 D:? AC6=2G25@ q /6CE6C =2 42?E:525 E@E2= 56 56E6C86?E6 :?5:4252 6? 6= 6?G2D6 6? 6= 4@>A2CE:>6?E@ 5:DEC:3F:5@C 56 =2 32?56;2 56 56E6C86?E6 &:;, 8@C >@.4, q =68:C F? AC@8C2>2 4@? AC6=2G25@ q ]25:C O 56 =2 42?E:525 56 56E6C86?E6 C64@>6?d 5252 6? 6= 4@>A2CE:>6?E@ 5:DEC:3F:5@C 56 =2 32?d 56;2 56 56E6C86?E6 J P 56 56E6C86?E6 6? 6= 4@>d A2CE:>6?E@ 5:DEC:3F:5@C i >A=62C 56E6C86?E6D =\BF:5@D D^=@ A2C2 6= 4:4=@ 56 =2G25@ AC:?4:A2= >49 ;=07,A,/: q /6CE6C =2 5@D:D C64@>6?5252 6? 6= 5@D:7:425@C DFd >:?:DEC25@ 4@? 6= 56E6C86?E6 =\BF:5@ J >6E6C ZDE6 56?EC@ 56= E2>3@C : q /6CE6C 6= 56E6C86?E6 =\BF:5@ 6? 6= 4@>A2CE:>6?E@ 5:DEC:3F:5@C 56 =2 32?56;2 56 56E6C86?E6 56Dd AFZD 56 9236C 2;FDE25@ 6= 2446D@C:@ 56 :?D6C4:^? C@;@ AC@G:DE@ 2 E2= 7:? i %2 6D42=2 56= 2446D@C:@ 56 :?D6C4:^? C@;@ D:CG6 A2C2 4@>AC@32C =2 42?E:525 2564F252 56 56E6C86?E6 =\BF:5@ i F2?5@ D6 6>A=66 6= 4@>A2CE:>6?E@ 5:DEC:3F:5@C 4@? 56E6C86?E6 6? A@=G@ 5636 C6E:C2CD6 6= 2446D@d C:@ 56 :?D6C4:^? C@;@ 0?0=209?0> 7O<@4/:> 0 494.4: /410=4/: "?:4:@ 5:76C:5@ GZ2D6 =2 AV8:?2 F2?5@ D6 D6=644:@?6 6= :?:4:@ 5:76C:5@ 5636CV FD2CD6 F? C64:A:6?E6 5@D:7:425@C A2C2 56E6C86?E6D =\BF:5@D A6; F?2 3@=2 5@D:7:425@C2 AF6D 6? 42D@ 4@?EC2C:@ 6= 56E6C86?E6 =\BF:5@ D6 G6CE6C\2 =6?E2>6?E6 7F6C2 56= 4@>A2CE:>6?E@ 5@D:7:425@C J D6 6DA6D2C\2 IEC26C 6= C64:A:6?E6 5@D:7:425@C 7F6C2 56= E2>3@C 2= 7:?2=:K2C 6= AC@8C2>2 709,/: /0 /0?0=209?0 : /0 ;=:/@.?: 748;4,/:= @>A2CE:>6?E@ 5:DEC:3F:5@C 6E6C86?E6 A2C2 AC6=2G25@ @>A2CE:>6?E@ 5:DEC:3F:5@C 6E6C86?E6 A2C2 =2G25@ AC:?4:A2= %@D 2446D@C:@D 56 =2 =2G25@C2 :?4=FJ6? F?2 A:6K2 56 :?D6C4:^? C@;2 BF6 D6 AF656 4@=@42C 56?EC@ 56= 4@>A2CE:>6?E@ 5:DEC:3F:5@C A2C2 A@56C FD2C 56E6Cd 86?E6 =\BF:5@ @>A2CE:>6?E@ 5:DEC:3F:5@C )2C2 G6CE6C 25:E:G@D =\BF:5@D E2=6D 4@>@ 2=>:5^? J DF2d G:K2?E6 %@D 25:E:G@D D6 :?EC@5F46? 2FE@>VE:42>6?E6 6? =2 4F32 5FC2?E6 6= 24=2C25@ 7:?2= i = ?:G6= 56 =\BF:5@D ?@ 5636 DFA6C2C 6= =\>:E6 >VI:d >@ AF6D 56 =@ 4@?EC2C:@ =2D 32?56;2D D6 G24:2C\2? 56>2D:25@ AC@?E@ i ?E6D 56 G6CE6C 25:E:G@D >FJ 56?D@D 6? =2 32?56;2 5:=F:C ZDE@D 4@? F? A@4@ 56 28F2 A2C2 6G:E2C BF6 ZDE@D @3DECFJ2? =2 EC2>A:==2 = 4@>A2CE:>6?E@ 5:DEC:3F:5@C D6 6>A=62 A2C2 =6;\2D 3=2?BF625@C2D i ,: 92J F?2 E2A2 4@? =2 >2C42 6==@ BF:6C6 564:C BF6 ?@ D6 AF656 6>A=62C =6;\2 4@? 6DE6 >@56=@ 56 =2G25@C2 q IEC26C =2 4F36E2 A2C2 6= 56E6C86?E6 q /6CE6C 6? ZDE2 6= 56E6C86?E6 J@ 6= AC@5F4E@ =:>A:2d 5@C q 6CC2C =2 4F36E2 A2C2 6= 56E6C86?E6 0>49.=@>?,9?0> ,6 AF656? :?EC@5F4:C 56D:?4CFDE2?E6D 6? =@D 4@>A2Cd E:>6?E@D 5:DEC:3F:5@C6D J D:8F:6?5@ =2D :?5:424:@d ?6D 56= 723C:42?E6 ? AC:>6C =F82C 2]25:C 6= 56E6Cd 86?E6 J 2 4@?E:?F24:^? 6= 56D:?4CFDE2?E6 $=480= 7,A,/: %2 =2G25@C2dD6425@C2 92 D:5@ D@>6E:52 2 F?2 ACF632 56 4@?EC@= 2?E6D 56 D2=:C 56 7V3C:42 )2C2 6=:>:?2C =@D A@D:3=6D C6DE@D 56= 28F2 56 =2 ACF632 56 4@?EC@= C62=:d K2C F? AC:>6C =2G25@ D:? :?EC@5F4:C C@A2 6? 6= 2A2C2E@ q @>AC@32C BF6 D6 92? C6E:C25@ =@D D68FC@D 56 EC2?DA@CE6 56 =2 A2CE6 A@DE6C:@C 56 =2 =2G25@C2dD6d 425@C2 GZ2D6 =2 AV8:?2 q '@ 42C82C ?:?8F?2 C@A2 q 6CC2C =2 AF6CE2 56 42C82 q 3C:C 6= 8C:7@ 56 28F2 q IEC26C 4@>A=6E2>6?E6 =2 4F36E2 A2C2 56E6C86?E6 q )@?6C =2 >:E25 56 F? 42K@ 56 >65:52 56 56E6Cd 86?E6 ?@C>2= 56?EC@ 56= 4@>A2CE:>6?E@ 5:DEC:3F:d 5@C i '@ FE:=:K2C 56E6C86?E6 6DA64:2= A2C2 AC6?52D 56=:d 4252D @ 56 =2?2 7@C>24:^? 56 6DAF>2 q 6CC2C =2 4F36E2 A2C2 6= 56E6C86?E6 q ,6=644:@?2C 4@? 6= >2?5@ AC@8C2>25@C 6= AC@8C2d >2 BF6 D6 56D66 A 6; &0>4>?09?0>72:/ y , F q )F=D2C =2 E64=2 "?:4:@)2FD2 q F2?5@ 6= AC@8C2>2 92J2 7:?2=:K25@ D:EF2C 6= >2?5@ AC@8C2>25@C 6? =2 A@D:4:^? 56 m '?:; q 3C:C =2 AF6CE2 56 42C82 i 6;2C =2 AF6CE2 6?EC623:6CE2 A2C2 A6C>:E:C BF6 D6 D6BF6 6= :?E6C:@C 56 =2 =2G25@C2dD6425@C2 $=:2=,8,> C [email protected]:90> !,9/: >070.?:= /0 ;=:2=,8,> $=:2=,8,> /0 7,A,/: %@D AC@8C2>2D D6 2;FDE2? A@C >65:@ 56= >2?5@ D6=64E@C 56 AC@8C2>2D RDE6 D6 AF656 8:C2C 6? 2>3@D D6?E:5@D '@ 92J BF6 2;FDE2C 6= >2?5@ D6=64E@C 56 AC@8C2>2D 6?EC6 5@D AC@8C2>2D $=:2=,8, /0 7,A,/: &0>4>?09?0>72:/ 1=O: ° )C@8C2>2D 56 =2G25@ :?E6?D:G@ A2C2 E6;:5@D C6D:DE6?E6D 56 2=8@5^? 56 =:?@ @ 56 4@=@C 2A24:525 56 42C82 >VI:>2 <8 $=:2=,8, /0 7,A,/: &0>4>?09?0>72:/ .:9 ;=07,A,/: ° ;=07,A, )2C2 C@A2 >FJ DF4:2 4@? >2?492D J A2C2 C@A2 56 EC232;@ 56=2?E2=6D J EC2;6D AC@E64E@C6D 492C =2 A2CE6 56 F? G2D@ >65:5@C 56 56E6C86?E6 6? 6= 4@>A2CE:>6?E@ 2A24:525 56 42C82 >VI:>2 <8 $=:2=,8, /0 7,A,/: ;,=, ;=09/,> >49?M?4.,> ° A2C2 AC6?52D 56=:4252D 56 E6;:5@D D:?EZE:4@D 56 >6K4=2 @ 56 =:?@ /6=@4:525 5646?EC:7F825@ C65F4:52 &6?@C 7@C>24:^? 56 2CCF82D 2A24:525 56 42C82 >VI:>2 <8 $=:2=,8, /0 7,A,/: ;,=, ;=09/,> 7,9, C >0/, 09 1=O: ° :4=@ CVA:5@ 56 =2G25@ A2C2 AC6?52D 56 =2?2 J D652 BF6 D6 AF652? =2G2C 2 >VBF:?2 ,6 C64@>:6?52 ?@ =2G2C 6DE6 E:A@ 56 AC6?52D ;F?E@ 4@? @EC@D E6;:5@D >6?@D 56=:425@D %2G2C 2 >2?@ 6= C6DE@ 56 AC6?52D 56 =2?2 @ ==6G2C=2D 2 =:>A:2C 6? D64@ 6? =2 E:?E@C6C\2 2A24:525 56 42C82 >VI:>2 <8 /6=@4:525 5646?EC:7F825@ C65F4:52 $=:2=,8,> /0 >0.,/: '0.,9/: >0.,= -6;:5@D C6D:DE6?E6D -6;:5@D 56 2=8@5^? J 56 9:=@ 3=2?4@D J 56 4@=@C 2C82 6?EC6 J <8 -:6>A@ 56 D6425@ 6?EC6 J >:?FE@D '0.,= J -6;:5@D 56=:425@D +@A2 56 7V4:= =2G25@ =2G2C J A@?6C D:? A=2?492C AC6?52D D:?EZE:42D J >6K4=2D 56 E6;:5@D 2D\ 4@>@ AC6?52D 56 2=8@5^? A2C2 =2G2C J A@?6C D:? ?646D:525 56 A=2?492C 4@>@ A 6; C2J^? G:D4@D2 C2J^? 4FAC2d >@?:@ 7:3C2 >@524C\=:42 J A@=:ZDE6C 2C82 6?EC6 J <8 -:6>A@ 56 D6425@ 6?EC6 J >:?FE@D i D >VD 67:4:6?E6 46?EC:7F82C C@A2 42=:6?E6 BF6 C@A2 7C\2 63:5@ 2 6DE@ 92J F? 4:4=@ 6DA64:2= 56 46?EC:7F825@ :?E68C25@ 6? 6= AC@8C2>2 56 D6425@ ,6=644:@?2C =2 G6=@4:525 56 46?EC:7F825@ >65:2?E6 =2 E64=2 B .09U ?=41@2 2?E6D 56 :?:4:2C 6= AC@8C2>2 56 D6425@ %2 @A4:^? 56 46?EC:7F825@ D^=@ 6D A@D:3=6 4@? 6= AC@d 8C2>2 >0.,9/:>0.,= J 4@? E:6>A@D 56 D6425@ BF6 @D4:=6? 6?EC6 9 >:? J 9 >:? ,6 C64@>:6?52 6= 4:4=@ 56 46?EC:7F825@ 6DA64:2= A2C2 E6;:5@D C6D:DE6?E6D 56 2=8@5^? 4@=@C6D D^=:5@D 9:=@ @ =:?@ $=:2=,8,> 0>;0.4,70> .7,=,= ,: D6 56D62 F? 4:4=@ 25:4:@?2= 56 24=2C25@ 8:C2C 6= >2?5@ AC@8C2>25@C 2 =2 A@D:4:^? K B?=, DE6 7:?2d =:K2 4@? F? 46?EC:7F825@ 4@CE@ J DF2G6 2 CA> ,: D6 AC67:6C6 D242C =2 C@A2 6>A2A252 2?E6D 56 :?:4:2C 6DE6 AC@8C2>2 5636 D6=644:@?2CD6 =2 G6=@4:525 46C@ 56 46?EC:7F825@ ,: D6 FE:=:K2 DF2G:K2?E6 @ 2=>:5^? 5636 6492CD6 6= 25:E:G@ 4@CC6DA@?5:6?E6 6? 6= 4@>A2CE:>6?E@ 5:DEC:3F:d 5@C 2?E6D 56= :?:4:@ 56= AC@8C2>2 )>: /0 >@,A4D,9?0 q 492C 6= DF2G:K2?E6 6? 6= 4@>A2CE:>6?E@ 5:DEC:3F:d 5@C q %=6G2C 6= >2?5@ AC@8C2>25@C 2 =2 A@D:4:^? K BU ?=, q )F=D2C =2 E64=2 M 94.4:$,@>, )>: /0 ,784/Q9 )2C2 AC6?52D 56 2=8@5^? 9:=@ @ =:?@ '@ FE:=:K2C DF2G:K2?E6 2?E6D 56= EC2E2>:6?E@ 4@? 2=>:d 5^? q :D@=G6C 6= 286?E6 2=>:5@?2?E6 6? 28F2 ,68F:C =2D :?DECF44:@?6D 56= 723C:42?E6 BF6 G:6?6? 6? 6= 6?G2d D6 56= AC@5F4E@ q 492C 6= 2=>:5^? 6? 6= 4@>A2CE:>6?E@ 5:DEC:3F:d 5@C q %=6G2C 6= >2?5@ AC@8C2>25@C 2 =2 A@D:4:^? K BU ?=, q )F=D2C =2 E64=2 M 94.4:$,@>, ,: 56DAFZD 56= 4:4=@ 56 EC2E2>:6?E@ 4@? 2=>:5^? 92J BF6 D642C =2 C@A2 6? =2 =2G25@C2dD6425@C2 2]25:C 2AC@I:>252>6?E6 6?EC6 F? J F? >VD 56= 2=d >:5^? :?5:425@ J D6=644:@?2C 6= AC@8C2>2 bC 4@? =2 G6=@4:525 56 46?EC:7F825@ >VI:>2 A2C2 =@8C2C 6= >2J@C 8C25@ 56 6IEC244:^? 56 28F2 &08:5,/: "?EC@5F4:C 6? 6= E2>3@C D^=@ AC6?52D 56= >:D>@ 4@=@C 492C 6= 56E6C86?E6 A2C2 6= C6>@;25@ 6? 6= 4@>A2CE:d >6?E@ 1. ,68F:C =2D :?DECF44:@?6D 56= 723C:42?E6 BF6 G:6?6? 6? 6= 6?G2D6 56= AC@5F4E@ i ,: D6 56D62 BF6 D6 C6E6?82 6= 28F2 ;23@?@D2 C6d DF=E2?E6 56= C6>@;@ A2C2 DF FD@ 6? 6= AC@8C2>2 56 =2G25@ AC:?4:A2= 5636 6>A=62CD6 F? 56E6C86?E6 2AC@A:25@ A2C2 =2G25@C2D 4@? E2>3@C M)6=:8C@ 56 7@C>24:^? 56 56>2D:252 6DAF>2 %=6G2C 6= >2?5@ AC@8C2>25@C 2 =2 A@D:4:^? 56 '49?M?4U .:> @ )F=D2C =2 E64=2 M 94.4:$,@>, )2D25@D F?@D >:?FE@D ==6G2C 6= >2?5@ AC@8C2>2d 5@C 2 =2 A@D:4:^? 56 m '?:; J 56;2C BF6 =2 C@A2 DF4:2 A6C>2?6K42 6? C6>@;@ 6? 6= 28F2 ;23@?@D2 5FC2?E6 6= E:6>A@ BF6 D6 56D66 i = 423@ 56 F? >:?FE@ =2 AF6CE2 56 42C82 BF652 56D3=@BF6252 = 28F2 ;23@?@D2 A@5C\2 D2=:C D: D6 :?E6?E2 23C:C =2 AF6CE2 56 42C82 $,=, >,74= /07 ;=:2=,8, /0 =08:5,/: /24:2C =2 =2G25@C2dD6425@C2 56= 28F2 56 C6>@;@ ,6=644:@?2C =2 G6=@4:525 56 46?EC:7F825@ 2564F2d 52 A2C2 6= E:A@ 56 E6;:5@ )2C2 6G:E2C F?2 7@C>24:^? 6I46D:G2 56 6DAF>2 D6=644:@?2C F? AC@8C2>2 56 =2G25@ 4@? AC6=2G25@ 56DAFZD 56= 4:4=@ 56 46?EC:d 7F825@ A6C@ >49 A@?6C 56E6C86?E6 6? 6= 4@>A2CE:d >6?E@ ,: D6 56D62 =2G2C =2 C@A2 6? 6= 28F2 6>A=6252 5Fd C2?E6 6= C6>@;@ ,6=644:@?2C 4@? 6= >2?5@ AC@8C2d >25@C 6= AC@8C2>2 BF6 D6 56D66 6 :?:4:2C=@ D:? 2]25:C >VD 56E6C86?E6 (49?0 DE2 =2G25@C2dD6425@C2 D^=@ A6C>:E6 F?2D A@D:3:=:52d 56D =:>:E252D A2C2 E6]:C C@A2 .E:=:K2C `?:42>6?E6 E:?E6D C6DA6EF@D@D 4@? 6= >65:@ 2>3:6?E6 ,68F:C =2D :?DECF44:@?6D 56= 723C:42?E6 D@d 3C6 =2 2A=:424:^? 6 :5@?6:525 4@? >VBF:?2D =2G25@d C2D 56>VD 56DAFZD 56 4252 E:?E6 5636CV ==6G2CD6 2 42d 3@ F? AC@8C2>2 56 =2G25@ 2 c° D:? C@A2 56?EC@ 56 =2 >VBF:?2 )@?6C b 42K@ 56 >65:52 56 56E6C86?E6 ?@C>2= 6? 6= 4@>A2CE:>6?E@ d , =:;, 7,A,/, 09 7, 7,A,/:=,U>0.,/:=, /0>U ;@M> /0 @9 ;=:2=,8, /0 ?49?0 ;:/=O, ,;,=0.0= /0>?0P4/, ,7 <@0/,= .S8@7:> /0 ?49?0 09 7, 8J<@49, 7,9<@0,/: ,^=@ D6 AF656 FD2C 6DE2 =2G25@C2dD6425@C2 A2C2 F? EC2E2>:6?E@ 56 3=2?BF625@ 4@? =6;\2 D: ?@ 92J ?:?8F?2 4F3:6CE2 6? 6= 4@>A2CE:>6?E@ 5@D:7:425@C >2C425@ 4@? 6= D\>3@=@ A,.@,.4Q9 /0 ,2@, )2C2 6IEC26C 6= 28F2 56 24=2C25@ D: D6 92 D6=644:@?2d 5@ =2 @A4:^? LD:? 46?EC:7F825@ 7:?2= 4@?G6=@4:525 56 46?EC:7F825@ AF6DE2 2 GZ2D6=2 AV8:?2 q :C2C 6= >2?5@ AC@8C2>25@C 92DE2 =2 A@D:4:^? b C q )F=D2C =2 E64=2 M 94.4:$,@>, : A2C2 6G24F2C 6= 28F2 J 46?EC:7F82C 4@? =2 G6=@4:525 56 46?EC:7F825@ D6=644:@?252 q :C2C 6= >2?5@ AC@8C2>25@C 92DE2 =2 A@D:4:^? bC q )F=D2C =2 E64=2 C .09?=41@2 A2C2 D6=644:@?2C =2 G6=@4:525 56 46?EC:7F825@ BF6 D6 56D66 GZ2D6 =2 AV8:?2 q )F=D2C =2 E64=2 M 94.4:$,@>, $@7>,= 7, ?0.7, M 94.4:$,@>, 9?0==@;.4Q9 /07 ;=:2=,8, A2C2 BF6 D6 :?:4:6 6= AC@8C2>2 D6=644:@?25@ = 5:@5@ =F>:?@D@ M 94.4:$,@>, A6C>2?646 6?46?5:5@ 56D56 6= :?:4:@ 92DE2 6= 7:?2= 56= AC@8C2>2 &2?E6?6C AF=D252 =2 E64=2 M 94.4:$,@>, 5FC2?E6 6= EC2?D4FCD@ 56= AC@8C2>2 92DE2 BF6 2A2C6K42 =2 :?5:424:^? '(#$ 6? 6= 5:DA=2J 2AC@I D68F?5@D FC2?E6 =2 :?E6CCFA4:^? 56= AC@8C2>2 6= 5:@5@ =F>:?@D@ M 94.4:$,@>, 4@>:6?K2 2 A2CA2562C J 6? 6= 5:DA=2J D6 G:DF2=:K2? 56 7@C>2 2=E6C?2 =2D :?5:424:@?6D '(#$ J )2C2 AC@D68F:C 6= EC2?D4FCD@ 56= AC@8C2>2 AF=D2C 56 ?F6G@ =2 E64=2 M 94.4:$,@>, ,9.07,.4Q9 /07 ;=:2=,8, &2?E6?6C AF=D252 =2 E64=2 M 94.4:$,@>, 5FC2?E6 6= EC2?D4FCD@ 56= AC@8C2>2 2AC@I D68F?5@D 92DE2 BF6 D6 G:DF2=:46 =2 :?5:424:^? 6? 6= 5:DA=2J , ?0.7, &J;4/: I C65F46 6= 4:4=@ 8=@32= 56= AC@8C2>2 =2G25@ 24=2C25@ J 46?EC:7F825@ DE2 7F?4:^? C6DF=E2 :5^?62 A2C2 =2G2C 6? F? E:6>A@ >VD 4@CE@ A6BF6]2D 42?E:5256D 56 C@A2 @ AC6?52D A@4@ DF4:2D '@ 6D 2564F25@ A2C2 AC@8C2>2D 4@? AC6=2G25@ '@ 6D 4@>A2E:3=6 4@? =@D AC@8C2>2D %2?2 J D652 (0.7, 94.4: 3 ?E6D 56= :?:4:@ 56 F? AC@8C2>2 D6 AF656 56E6C>:?2C 6= ?`>6C@ 56 9@C2D 56 C6EC2D@ 56= :?:4:@ )F=D2C =2 E64=2 94.4: 3 92DE2 BF6 2A2C6K42 :?5:425@ 6= ?`>6C@ 56 9@C2D 56D625@ ? AC:?4:A:@ 6= G2=@C 6DEV AC62;FDE25@ 6? 9@C2D J >:?FE@D 252 G6K BF6 D6 AF=D2 =2 E64=2 D6 C6EC2D2 =2 9@C2 56 :?:4:@ >:?FE@D 2D\ 92DE2 ==682C 2 9@C2D J 2 A2CE:C 56 29\ 56 6? >:?FE@D 5FC2?E6 =2D D:8F:6?E6D 9@C2D 92DE2 ==682C 2 9@C2D -C2D 6= 2;FDE6 56 =2 9@C2 56 :?:4:@ AF=D2C =2 E64=2 94.4:$,@>, ,6 :?:4:2 6= C64F6?E@ 56= C6EC2D@ 56 =2 9@C2 56 :?:4:@ = 5:@5@ =F>:?@D@ :?5:425@C 494.4: 3 A6C>2?646 :=F>:?25@ >:6?EC2D D6 2;FDE2 =2 9@C2 56 :?:4:@ 92DE2 6= :?:4:@ 56= AC@8C2>2 = 5:@5@ =F>:?@D@ 56 4@?EC@= 94.4: 3 D6 A@?6 :?E6C>:E6?E6 = 4@?4=F:C 6= E:6>A@ 6DE23=64:5@ D6 :?:4:2 6= AC@8C2>2 2;FDE25@ !:/414.,= 7, 3:=, /0 494.4: ,5@>?,/, )F=D2C =2 E64=2 94.4: 3 E2?E2D G646D 4@>@ D62 ?646D2C:@ 92DE2 BF6 2A2C6K42 :?5:4252 =2 9@C2 56D6252 :==,= 7, 3:=, /0 494.4: )F=D2C =2 E64=2 94.4: 3 E2?E2D G646D 4@>@ D62 ?646D2C:@ 92DE2 BF6 6? 6= 5:DA=2J D6 G:DF2=:46 = 5:@5@ =F>:?@D@ :?5:425@C 494.4: 3 D6 2A282 ,: D6 AF=D2 @EC2 G6K =2 E64=2 4@>:6?K2 56 ?F6G@ =2 4F6?E2 924:2 56=2?E6 2 A2CE:C 56 ;0=?@=, /0 7, ;@0=?, /0 .,=2, %2 AF6CE2 56 42C82 D6 AF656 23C:C 5FC2?E6 6= EC2?D4FCD@ 56 =2 4F6?E2 2ECVD 56= C6EC2D@ 56 =2 9@C2 56 :?:4:@ A 6; A2C2 >6E6C >VD C@A2 56?EC@ i !2J BF6 C6DA6E2C =2 42C82 >VI:>2 A@D:3=6 '@ 92J BF6 D@3C642C82C =2 =2G25@C2dD6425@C2 (0.7, r '0.,= J )F=D2C =2 E64=2 E2?E2D G646D 4@>@ D62 ?646D2C:@ 92DE2 BF6 D6 G:DF2=:46 6? 6= 5:DA=2J 6= E:6>A@ 56 D6425@ BF6 D6 56D66 4@? F? >VI:>@ 56 9@C2D = 2;FDE6 56= E:6>A@ 4@>:6?K2 4@? >:?FE@D J 2F>6?E2 56 6? 5:6K >:?FE@D 4@? 4252 AF=D24:^? 56 =2 E64=2 = 5:@5@ =F>:?@D@ >0.,9/:>0.,= 6DEV 6?46?5:5@ )C@8C2>2 56 D6425@ :?E6?D:G@ A2C2 AC6?52D 56 C@A2 56 2=8@5^? J =:?@ = 5:@5@ =F>:?@D@ >0.,= J 6DEV 6?46?5:5@ )C@8C2>2 56 D6425@ 56=:425@ A2C2 E6;:5@D D:?EZE:4@D J AC6?52D 56=:4252D !:/414.,.4Q9 /07 ;=:2=,8, /0 >0.,/: = ==682C 2 =2 :?5:424:^? 56 9@C2D AF=D2C 56 ?F6G@ =2 E64=2r '0.,= J : >2?E6?6C AF=D252 =2 E64=2 r '0.,= J 5FC2?E6 D68F?5@D *,7:=0> /0 =010=09.4, /0 ?408;:> /0 >0.,/: C /0 ?08;0=,?@=, ,: =2 C@A2 D6 D642 5FC2?E6 56>2D:25@ E:6>A@ =2D AC6?52D AF656? 6?4@86C @ AC@5F4:CD6 2CCF82D A@C =@ BF6 5636? 6G:E2CD6 E:6>A@D 56 D6425@ AC@=@?825@D 256>VD 2D\ D6 6G:E2CV? 4@?DF>@D 56 6?6C8\2 :??646D2C:@D i %2 C@A2 42=:6?E6 A2C646 >VD 9`>652 2= E24E@ BF6 =2 C@A2 7C\2 ==@ AF656 42FD2C F?2 72=D2 6DE:>24:^? 56= 8C25@ 56 9F>6525 2?E:5256D 56 C@A2 -6;:5@D C6D:DE6?E6D 62 62 )C6?52D A@4@ 56=:4252D +6DF=E25@ 56 D6425@ >:?FE@D >:?FE@D !`>65@ A2C2 A=2?4925@ >:?FE@D >:?FE@D ,64@ >:?FE@D >:?FE@D !`>65@ A2C2 A=2?4925@ >:?FE@D ,64@ )F=D2C 6DE2 E64=2 A2C2 D6=644:@?2C =2 @A4:^? 56 =2 G6=@d 4:525 56 46?EC:7F825@ (0.7, /0 B .09?=41@2 )F=D2C =2 E64=2 C6A6E:52>6?E6 A2C2 D6=644:@?2C =2 G6=@4:525 56 46?EC:7F825@ BF6 D6 56D66 ,@? A@D:3=6D =2D D:8F:6?E6D G6=@4:5256D 56 46?EC:7F825@ =;8 6?EC:7F825@ 56D24E:G25@ J A2C252 4@? 4F32 ==6?2 %2 =2G25@C2dD6425@C2 ?@ ==6G2 2 423@ 6= 46?EC:7F825@ 7:?2= J 4@?4=FJ6 6= AC@8C2>2 56 =2G25@ 4@? 28F2 6? =2 4F32 )2C2 6G24F2C 6= 28F2 56 =2 =2G25@C2 GZ2D6 =2 AV8:?2 09?=0 C =;8 )2C2 AC@8C2>2D 56 ,72:/Q9 C .:7:=0> =0>4>?09?0> =2 G6=@4:525 5:D>:?FJ6 56 6? CA> A2CE:6?5@ 56 F?2 G6=@4:525 >VI:>2 56 92DE2 =2 >\?:>2 56 CA> 09?=0 C =;8 )2C2 AC@8C2>2D 56 E6;:5@D >49?M?4.:> /074.,/:> C /0 7,9, =2 G6=@4:525 5:D>:?FJ6 56 6? CA> A2CE:6?5@ 56 F?2 G6=@4:525 >VI:>2 56 92DE2 =2 >\?:>2 56 CA> = 5:@5@ =F>:?@D@ 56 :?5:424:^? D6 :=F>:?2 5FC2?E6 =2 D6=644:^? 56 =2 G6=@4:525 56 46?EC:7F825@ ,: 6= 5:@5@ =F>:?@D@ 56 =2 @A4:^? 6DEV :=F>:?25@ =2 A2?E2==2 56 G:DF2=:K24:^? :?5:42 =2 G6=@4:525 56 46?EC:7F825@ D6=644:@?252 i %@D E:6>A@D 56 D6425@ 56A6?56? 56 =2 G6=@4:525 56 46?EC:7F825@ F2?E@ >2J@C D62 =2 G6=@4:525 >6?@D E2C52CV =2 C@A2 6? D642CD6 J 6? 4@?D6d 4F6?4:2 6= 4@?DF>@ 56 6?6C8\2 D6CV >6?@C =68:C =2 >2J@C G6=@4:525 56 46?EC:7F825@ 4@>A2E:3=6 4@? 6= E:A@ 56 C@A2 2 =2G2C '4>?08, /0 .:9?=:7 /0 /0>0<@474-=4:> = D:DE6>2 2FE@>VE:4@ 56 4@?EC@= 56 56D6BF:=:3C:@D G@=E62 G2C:2D G646D =2 C@A2 A2C2 2D68FC2C F?2 5:DEC:3Fd 4:^? C68F=2C 56 =2 42C82 ,: =2 C@A2 6DEV >FJ 56D:8F2=>6?E6 C6A2CE:52 =2 G6=@4:d 525 7:?2= D6 C65F46 @ D6 42?46=2 6= 4:4=@ 56 46?EC:7Fd 825@ A@C C2K@?6D 56 D68FC:525 ,A,/: C >0.,/: DE2 =2G25@C2dD6425@C2 A6C>:E6 D6=644:@?2C AC@8C2d >2D 56 D^=@ =2G25@ D^=@ D6425@ J =2G25@D6425@ ? =@D AC@8C2>2D 56 =2G25@D6425@ 6= 4:4=@ 42>3:2 2FE@>VE:42>6?E6 56= =2G25@ 2= D6425@ D:? E6?6C BF6 >2?6;2C =@D >2?5@D A2C2 BF6 4@?E:?`6 6= 4:4=@ EC2D 7:?2=:K2C 6= =2G25@ ;0=?@=, /0 7, ;@0=?, /0 .,=2, ,=2, /0 7, 7,A,/:=,U>0.,/:=, q )F=D2C =2 E64=2 d E$0742=: /0 0B;7:>4Q9 %2D AC6?52D 56 C@A2 AC6EC2E252D 4@? 56E6C86?E6D BF6 4@?E6?82? 5:D@=G6?E6D 4@>@ A 6; BF:E2>2?d 492D @ 5:D@=G6?E6D 56 =:>A:25@C6D 5636? D6C 24=2C2d 52D 2 >2?@ >:?F4:@D2>6?E6 2?E6D 56 D6C :?EC@5F4:d 52D 6? =2 =2G25@C2dD6425@C2 A2C2 6G:E2C 6= A6=:8C@ 56 F?2 6IA=@D:^? /A0=?09.4, ?E6D 56 C62=:K2C =2 42C82 56 =2 =2G25@C2dD6425@C2 92J BF6 2D68FC2CD6 56 BF6 ?@ 92J 4F6CA@D 6IEC2]@D ?: 2?:>2=6D 56 4@>A2]\2 56?EC@ 56= E2>3@C q @=@42C =2 C@A2 6? 6= E2>3@C D:? 2AC6E2C=2 ?: 6IE6?d 56C=2 &6K4=2C =2D AC6?52D 56 >2J@C E2>2]@ 4@? =2D 56 A@4@ E2>2]@ q +6DA6E2C =2D 42C82D >VI:>2D 56= E2>3@C GZ2?D6 =2D AV8:?2D J q D68FC2CD6 56 BF6 ?@ 92J AC6?52D 56 C@A2 2E2D4252D 6?EC6 =2 AF6CE2 56 42C82 J =2 ;F?E2 56 8@>2 q 6CC2C =2 A@CE:==2 56 42C82 2AC6EV?5@=2 7:C>6>6?E6 92DE2 BF6 6?42;6 56 7@C>2 2F5:3=6 q &65:C J 6492C 6= 56E6C86?E6 A2C2 =@D AC@8C2>2D 56 D^=@ =2G25@ @ 56 =2G25@D6425@ q 3C:C 6= 8C:7@ 56= 28F2 'Q7: 7,A,= q %=6G2C 6= >2?5@ D6=64E@C 56 AC@8C2>2D 92DE2 =2 A@D:4:^? 56= AC@8C2>2 BF6 D6 56D66 A 6; &0>4>?09?0>72:/ F 6 6DE6 >@5@ BF652 4@?64E252 =2 =2G25@C2dD6425@C2 ? 6= 5:DA=2J D6 G:DF2=:K2? 56 7@C>2 2=E6C?2 6= E:6>A@ C6DE2?E6 J =2 G6=@4:525 56 46?EC:7F825@ 2;FDE252 q ,6=644:@?2C =2 G6=@4:525 56 46?EC:7F825@ BF6 D6 56D66 GZ2D6 =2 AV8:?2 q ,6=644:@?2C =2D 7F?4:@?6D 25:4:@?2=6D A2C2 6= 6DE23=64:>:6?E@ 56 AC@8C2>2D A6CD@?2=:K25@D 4@>@ A 6; F? E:6>A@ >VD 4@CE@ 56 =2G25@ @ F?2 9@C2 56 :?:4:@ 5:76C6?E6 q = E:6>A@ 56 D6425@ 5636 >@DEC2C =2 :?5:424:^? q )F=D2C =2 E64=2 94.4:$,@>, = 5:@5@ =F>:?@D@ 56 4@?EC@= D6 6?4:6?56 ? 6= 5:DA=2J 2A2C646 :?5:425@ 6= E:6>A@ C6DE2?E6 ,6 :?:4:2 6= AC@8C2>2 56 =2G25@ 9?0==@;.4Q9 /07 ;=:2=,8, /0 7,A,/: i %@D AC@8C2>2D 56 =2G25@ D6 AF656? :?E6CCF>A:C 6? 4F2=BF:6C >@>6?E@ 56= 4:4=@ q )F=D2C =2 E64=2 94.4:$,@>, 5FC2?E6 2AC@ID68F?5@D ? 6= 5:DA=2J D6 G:DF2=:K2? 56 7@C>2 2=E6C?2 =2D :?5:424:@?6D '(#$ J = 5:@5@ =F>:?@D@ 94.4:$,@>, D6 A@?6 :?E6C>:E6?E6 )C@D68F:C 6= AC@8C2>2 )F=D2C 56 ?F6G@ =2 E64=2 94.4:$,@>, ,9.07,.4Q9 /07 ;=:2=,8, /0 7,A,/: &2?E6?6C AF=D252 =2 E64=2 94.4:$,@>, 5FC2?E6 6= EC2?D4FCD@ 56= AC@8C2>2 2AC@I D68F?5@D 92DE2 BF6 D6 G:DF2=:46 =2 :?5:424:^? 6? 6= 5:DA=2J !:/414.,= 07 ;=:2=,8, /0 7,A,/: q :C2C 6= D6=64E@C 56 AC@8C2>2D D:? AF=D2C m '?:; ? 6= 5:DA=2J D6 G:DF2=:K2? 56 7@C>2 2=E6C?2 =2D :?5:424:@?6D '(#$ J "?:4:2C F? AC@8C2>2 ?F6G@ )F=D2C =2 E64=2 94.4:$,@>, i %2 :?5:424:^? 56= E:6>A@ C6DE2?E6 AF656 C6EC2D2CD6 F? A@4@ i ,: J2 92J 28F2 6? 6= 56A^D:E@ 56 28F2 56 =2 >VBF:?2 6= AC@8C2>2 ?F6G@ D6 D2=E2 =2 72D6 56 ==6?25@ '070..4Q9 9@0A, /0 @9 ;=:2=,8, 'Q7: >0.,= i -C2D 4@?4=F:C F? AC@8C2>2 6? 6= 5:DA=2J 2A2C646" 6? AC:>6C =F82C 92J BF6 56D4@?64E2C =2 =2G25@C2dD6425@C2 A2C2 A@56C D6=644:@?2C @EC@ AC@8C2>2 i = 8C:7@ E2>3:Z? 5636 6DE2C 23:6CE@ 5FC2?E6 6= D6425@ AF6D D6 AC64:D2 28F2 7C\2 A2C2 6= AC@46D@ 56 D6425@ i %2 42?E:525 >VI:>2 56 C@A2 BF6 D6 AF656 D642C 6D 56 <8 i )2C2 AC6?52D =2G252D 2 >2?@ D@>6E6C AC6G:2>6?E6 2 ZDE2D 2 F? D:>A=6 4:4=@ 56 46?EC:7F825@ 5@>?0 /07 ;=:2=,8, /0 >0.,/: %2 =2G25@C2dD6425@C2 6DEV 56D4@?64E252 q %=6G2C 6= >2?5@ D6=64E@C 56 AC@8C2>2D 2 =2 A@D:4:^? r '0.,9/:'0.,= 6 6DE6 >@5@ BF652 4@?64E252 =2 =2G25@C2dD6425@C2 q )F=D2C =2 E64=2 r '0.,= J E2?E2D G646D 4@>@ D62 ?646D2C:@ 92DE2 BF6 BF656 2;FDE25@ 6= E:6>A@ 56 D6425@ BF6 D6 56D66 GZ2D6 =2 AV8:?2 q ,6=644:@?2C =2 G6=@4:525 56 46?EC:7F825@ A2C2 6= 4:4=@ 56 46?EC:7F825@ :?E68C25@ GZ2D6 =2 AV8:?2 i %2 7F?4:^? 56 46?EC:7F825@ D^=@ D6 AF656 24E:G2C 4@? 6= AC@8C2>2 56 D6425@ :?E6?D:G@ J 4@? F?@D E:6>A@D 56 D6425@ 4@>AC6?5:5@D 6?EC6 9@C2 J >65:2 J 5@D 9@C2D GZ2D6 =2 AV8:?2 q )F=D2C =2 E64=2 M 94.4:$,@>, = 5:@5@ =F>:?@D@ 56 4@?EC@= D6 6?4:6?56 ? 6= 5:DA=2J 2A2C646 :?5:425@ 6= E:6>A@ C6DE2?E6 9?0==@;.4Q9 /07 ;=:2=,8, /0 >0.,/: i %@D AC@8C2>2D 56 D6425@ D6 AF656? :?E6CCF>A:C 6? 4F2=BF:6C >@>6?E@ 56= 4:4=@ q )F=D2C =2 E64=2 M 94.4:$,@>, 5FC2?E6 2AC@ID68F?5@D ? 6= 5:DA=2J D6 G:DF2=:K2? 56 7@C>2 2=E6C?2 =2D :?5:424:@?6D '(#$ J = 5:@5@ =F>:?@D@ M 94.4:$,@>, D6 A@?6 :?E6C>:E6?E6 )C@D68F:C 6= AC@8C2>2 )F=D2C 56 ?F6G@ =2 E64=2 M 94.4:$,@>, ;0=?@=, /0 7, ;@0=?, /0 .,=2, d E$0742=: /0 <@08,/@=,> 6A6?5:6?5@ 56= AC@8C2>2 56 D6425@ =2 C@A2 AF656 6DE2C >FJ 42=:6?E6 q )F=D2C =2 E64=2 56= 6>36==6465@C 56=2?E6C@ i %2 AF6CE2 56 42C82 ?@ D6 AF656 23C:C 92DE2 EC2?D4FCC:5@D F?@D >:?FE@D ,9.07,.4Q9 /07 ;=:2=,8, /0 >0.,/: &2?E6?6C AF=D252 =2 E64=2 M 94.4:$,@>, 5FC2?E6 6= EC2?D4FCD@ 56= AC@8C2>2 2AC@I D68F?5@D 92DE2 BF6 D6 G:DF2=:46 =2 :?5:424:^? 6? 6= 5:DA=2J !:/414.,= 07 ;=:2=,8, /0 >0.,/: q )F=D2C =2 E64=2 M 94.4:$,@>, 5FC2?E6 2AC@ID68F?5@D ? 6= 5:DA=2J D6 G:DF2=:K2? 56 7@C>2 2=E6C?2 =2D :?5:424:@?6D '(#$ J = 5:@5@ =F>:?@D@ ?0=849,/: D6 A@?6 :?E6C>:E6?E6 q )F=D2C =2 E64=2 r '0.,= J E2?E2D G646D 4@>@ D62 ?646D2C:@ 92DE2 BF6 BF656 2;FDE25@ 6= E:6>A@ 56 D6425@ BF6 D6 56D66 "?:4:2C F? AC@8C2>2 ?F6G@ )F=D2C =2 E64=2 M 94.4:$,@>, ,A,/:>0.,/: )C@8C2>2D 56 =2G25@ J D6425@ :?:?E6CCF>A:5@ A2C2 AC@8C2>2D 56 =2G25@ 4@CE@D 6 :?E6?D:G@D %@D AC@8C2>2D 56 =2G25@ :?E6?D:G@ D6 AF656? 4@>3:?2C 4@? AC@8C2>2D 56 D6425@ :?E6?D:G@ J 56=:425@ GZ2D6 =2 AV8:?2 %@D AC@8C2>2D 4@CE@D 56 =2G25@ D^=@ D6 AF656? 4@>3:?2C 4@? F? F? AC@8C2>2 56 D6425@ 56=:425@ GZ2D6 =2 AV8:?2 FC2?E6 =2 D6=644:^? 56 F? AC@8C2>2 56 =2?2 ?@ 6D A@D:3=6 D6=644:@?2C ?:?8F?2 @A4:^? 56 D6425@ 2FE@>VE:4@ :?>65:2E@ EC2D 6= =2G25@ i 636 C6DA6E2CD6 =2 42A24:525 56 42C82 >VI:>2 A6C>:E:52 A2C2 6= D6425@ '@ 92J BF6 D@3C642C82C =2 =2G25@C2dD6425@C2 5@>?0 /0 @9 ;=:2=,8, /0 7,A,/:>0.,/: 4949?0==@8;4/: q ,6=644:@?2C 6= AC@8C2>2 56 =2G25@ q )F=D2C =2 E64=2 r '0.,= J E2?E2D G646D 4@>@ D62 ?646D2C:@ 92DE2 BF6 BF656 2;FDE25@ 6= E:6>A@ BF6 D6 56D66 GZ2D6 =2 AV8:?2 q ,6=644:@?2C =2 G6=@4:525 56 46?EC:7F825@ BF6 D6 56D66 GZ2?D6 =2D AV8:?2D J = 5:@5@ =F>:?@D@ 56 4@?EC@= r '0.,= J D6 :=F>:?2 ? 6= 5:DA=2J D6 G:DF2=:K2? 56 7@C>2 2=E6C?2 6= E:6>A@ C6DE2?E6 J =2 G6=@4:525 56 46?EC:7F825@ D6=644:@?252 q )F=D2C =2 E64=2 M 94.4:$,@>, ,6 :=F>:?2 F?@ 56 =@D 5@D 5:@5@D =F>:?@D@D :?5:425@C6D >0.,9/:>0.,= @ >0.,= J FC2?E6 6= =2G25@ J 6= D6425@ 6? 6= 5:DA=2J D6 :?5:42 6= E:6>A@ C6DE2?E6 9?0==@;.4Q9 /07 ;=:2=,8, i = =2G25@D6425@ D6 AF656 :?E6CCF>A:C 6? 4F2=BF:6C >@>6?E@ 56= 4:4=@ q )F=D2C =2 E64=2 M 94.4:$,@>, 5FC2?E6 2AC@ID68F?5@D ? 6= 5:DA=2J D6 G:DF2=:K2? 56 7@C>2 2=E6C?2 =2D :?5:424:@?6D '(#$ J = 5:@5@ =F>:?@D@ M 94.4:$,@>, D6 A@?6 :?E6C>:E6?E6 )C@D68F:C 6= AC@8C2>2 )F=D2C 56 ?F6G@ =2 E64=2 M 94.4:$,@>, ,9.07,.4Q9 /07 ;=:2=,8, &2?E6?6C AF=D252 =2 E64=2 M 94.4:$,@>, 5FC2?E6 6= EC2?D4FCD@ 56= AC@8C2>2 2AC@I D68F?5@D 92DE2 BF6 D6 G:DF2=:46 =2 :?5:424:^? 6? 6= 5:DA=2J !:/414.,= 07 ;=:2=,8, q :C2C 6= D6=64E@C 56 AC@8C2>2D D:? AF=D2Cm '?:; q )F=D2C =2 E64=2 r '0.,= J E2?E2D G646D 4@>@ D62 ?646D2C:@ 92DE2 BF6 BF656 2;FDE25@ 6= E:6>A@ 56 D6425@ BF6 D6 56D66 "?:4:2C F? AC@8C2>2 ?F6G@ )F=D2C =2 E64=2 M 94.4:$,@>, 49 /0 ;=:2=,8, %@D AC@8C2>2D 56 =2G25@ J D6425@ 7:?2=:K2? 56 7@C>2 2FE@>VE:42 ? 6= 5:DA=2J 2A2C646 =2 :?5:424:^? 9/ J D6 6?4:6?56 6= 5:@5@ =F>:?@D@ ?0=849,/: q %=6G2C 6= >2?5@ D6=64E@C 56 AC@8C2>2D 2 =2 A@D:4:^? m '?:; q ,242C =2 C@A2 56= E2>3@C q 6;2C 23:6CE2 =2 AF6CE2 56 42C82 A2C2 BF6 D6 AF652 D642C =2 =2G25@C2dD6425@C2 q 6CC2C 6= 8C:7@ 56 28F2 '49 .09?=41@2,/: 149,7 = 4@>:6?K@ 56= 4:4=@ 56 =2G25@ =2 G6=@4:525 56 46?EC:7F825@ 5636 6DE2C 2;FDE252 6? 6= G2=@C %2 C@A2 BF652 6? C6>@;@ 6? 6= 28F2 56= `=E:>@ 24=2C25@ = 7:?2=:K2C 6= AC@8C2>2 56 =2G25@ 6? 6= 5:DA=2J D6 G:DF2=:K2? 56 7@C>2 2=E6C?2 =2D :?5:424:@?6D '(#$ J G6=@4:525 56 46?EC:7F825@ = 5:@5@ =F>:?@D@B .09?=41@2 A6C>2?646 :=F>:?25@ q %=6G2C 6= >2?5@ D6=64E@C 56 AC@8C2>2D 2 =2 A@D:4:^? bB @ AF=D2C =2 E64=2 B .09?=41@2 q )F=D2C =2 E64=2 M 94.4:$,@>, ,6 6G24`2 6= 28F2 56= 56A^D:E@ %2 =2G25@C2dD6425@C2 ?@ 46?EC:7F82 = AC@8C2>2 7:?2=:K2 4F2?5@ 6? 6= 5:DA=2J 2A2C646 =2 :?5:424:^? 9/ q ,242C =2 C@A2 >@;252 : q %=6G2C 6= >2?5@ D6=64E@C 56 AC@8C2>2D 2 =2 A@D:4:^? bB q )F=D2C =2 E64=2 B .09?=41@2 E2?E2D G646D 4@>@ D62 ?646D2C:@ 92DE2 BF6 BF656 2;FDE252 =2 G6=@4:525 56 46?EC:7F825@ BF6 D6 56D66 GZ2D6 =2 AV8:?2 q )F=D2C =2 E64=2 M 94.4:$,@>, ,6 6G24`2 6= 28F2 56= 56A^D:E@ %2 =2G25@C2dD6425@C2 D6 A@?6 2 46?EC:7F82C = AC@8C2>2 7:?2=:K2 4F2?5@ 6? 6= 5:DA=2J 2A2C646 =2 :?5:424:^? 9/ q +6E:C2C =2 C@A2 56= E2>3@C q 6;2C 23:6CE2 =2 AF6CE2 56 42C82 A2C2 BF6 D6 AF652 D642C =2 =2G25@C2dD6425@C2 q 6CC2C 6= 8C:7@ 56 28F2 48;40D, C 8,9?0948409?: /0 7, 7,A,/:=,U>0.,/:=, d E$0742=: /0 070.?=:.3:<@0 ? AC:>6C =F82C D:6>AC6 5636 56D6?49F72CD6 6= 2A2d C2E@ 56 =2 C65 6=Z4EC:42 'F?42 5636 =2G2CD6 =2 =2G25@C2dD6425@C2 4@? F? 49@CC@ 56 28F2 d E$0742=: /0 0B;7:>4Q9 'F?42 5636 =2G2CD6 =2 =2G25@C2dD6425@C2 4@? 5:D@=d G6?E6D /A0=?09.4, M'@ FE:=:K2C ?F?42 @3;6E@D AF?K2?E6D BF6 A@5C\2? 52d ]2C =2 DFA6C7:4:6 ,5, C ?,-70=: /0 8,9/:> ,: 7F6C2 AC64:D@ q .E:=:K2C F? 56E6C86?E6 DF2G6 ?@ 23C2D:G@ q ,642C 4@? F? EC2A@ DF2G6 (,8-:= ,242C 4F2=BF:6C 4F6CA@ 6IEC2]@ 56= E2>3@C @ 56 =2 ;F?E2 56 8@>2 ,: 9F3:6C2? BF6525@ @3;6E@D >6EV=:4@D A6;>@?6d 52D 4=:AD 28F;2D 4=2G@D 6? 6= E2>3@C BF6 9F3:6C2? 42FD25@ >2?492D 56 96CCF>3C6 q .E:=:K2C AC@5F4E@D 56 =:>A:6K2 D:? 4=@C@ D68F:C =2D :?DECF44:@?6D 56= 723C:42?E6 '@ FD2C ?F?42 6DEC@d A2;@D 56 7:3C2 >6EV=:42 @-0?, ;,=, 07 /0?0=209?0 :8-, /0 /0>,2T0 ,: 92J C6DE@D 56 56E6C86?E6 @ 56 AC@5F4E@ =:>A:25@C 6? =2 4F36E2 A2C2 6= 56E6C86?E6 q IEC26C =2 4F36E2 A2C2 6= 56E6C86?E6 92DE2 6= E@A6 A@D:4:^? q %6G2?E2C=2 F? A@4@ J E:C2C 2 4@?E:?F24:^? 4@? 6= G:8@C DF7:4:6?E6 q %:>A:2C 6= :?E6C:@C 56= 2=@;2>:6?E@ 56 =2 4F36E2 A2C2 56E6C86?E6 q +6E:C2C =2 EC2>A:==2 q %:>A:2C =2 4F36E2 A2C2 6= 56E6C86?E6 J A@?6C=2 32;@ F? 49@CC@ 56 28F2 q /@=G6C 2 A@?6C =2 EC2>A:==2 q "?D6CE2C =2 4F36E2 A2C2 56E6C86?E6 56D=:KV?5@=2 924:2 6= :?E6C:@C = 28F2 56 =2G25@ ?@ 6D 6G24F252 4@>A=6E2>6?E6 !2J 4F6CA@D 6IEC2]@D @ A6=FD2 BF6 AF656? 6DE2C @3EFC2?5@ =2 3@>32 d E$0742=: /0 <@08,/@=,> !2J BF6 56;2C 6?7C:2C 6= 28F2 42=:6?E6 56 =2G25@ &2?E6?6C 2=6;25@D 56 =2 =2G25@C2dD6425@C2 2 ?:]@D J 2?:>2=6D 5@>ZDE:4@D q %=6G2C 6= >2?5@ D6=64E@C 56 AC@8C2>2D 2 =2 A@D:4:^? m '?:; ;0=?@=, /0 7, ?=,8;477, /0 >0=A4.4: )C@4656C 56= >@5@ D:8F:6?E6 E6?:6?5@ 6? 4F6?E2 6= >@56=@ 4@?4C6E@ 56 2A2C2E@ A2C2E@D 6>A@EC25@D q :C2C =@D 4:6CC6D 56 A=VDE:4@ 4@? F?2 >@?652 6? D6?E:5@ 4@?EC2C:@ 2 =2D 28F;2D 56= C6=@; A2C2E@D ?@ 6>A@EC25@D q "?EC@5F4:C F? A6BF6]@ 56DE@C?:==25@C 6? =2 C2?FC2 56 =2 EC2>A:==2 56 D6CG:4:@ J AC6D:@?2C =:86C2>6?E6 924:2 2CC:32 A2C2 D@=E2C =2 A2CE6 DFA6C:@C 56 =2 EC2>A:==2 56 D6CG:4:@ q -:C2C =:86C2>6?E6 56 =2 EC2>A:==2 56 D6CG:4:@ 924:2 56=2?E6 J 2 4@?E:?F24:^? 924:2 2CC:32 A2C2 6IEC26C=2 A@C 4@>A=6E@ A,.@,.4Q9 /07 ,2@, q +6E:C2C 56= D@A@CE6 =2 >2?8F6C2 56 56D28a6 J E:C2C 924:2 7F6C2 56 =2 42C42D2 q IEC26C 6= E2A^? 56 4:6CC6 J 56;2C BF6 D6 G:6CE2 6= 28F2 6? F? C64:A:6?E6 J2 AC6A2C25@ A2C2 E2= 7:? i 6A6?5:6?5@ 56 =2 42?E:525 56 28F2 4@?E6?:52 AF656 D6C ?646D2C:@ G24:2C 6= C64:A:6?E6 G2C:2D G646D q F2?5@ 56;6 56 D2=:C 28F2 4@=@42C 56 ?F6G@ 6= E2A^? 56 4:6CC6 J G@=G6C 2 :?EC@5F4:C =2 >2?8F6C2 q E@C?:==2C =2 E2A2 56 =2 3@>32 8:C2?5@ ZDE2 6? D6?E:5@ 4@?EC2C:@ 2 =2D 28F;2D 56= C6=@; = 28F2 C6DE2?E6 D6 6G24F2CV D:? AC@3=6>2D q *F:E2C =@D C6DE@D 56 56E6C86?E6 6IEC26C 4F2=BF:6C A@D:3=6 4F6CA@ 6IEC2]@ J A6=FD2D J =:>A:2C 6= :?E6C:@C = C@E@C 56 =2 3@>32 5636 A@56C 8:C2C q *F:E2C 4F2=BF:6C C6DE@ 56 56E6C86?E6 J 56 A6=FD2D 56 =2 C@D42 56 =2 E2A2 56 =2 3@>32 J 56 =2 42C42D2 56 =2 3@>32 q /@=G6C 2 A@?6C =2 E2A2 56 =2 3@>32 J 6?C@D42C=2 92DE2 BF6 BF656 2AC6E252 :7:.,= C .0==,= 7, ?=,8;477, /0 >0=A4.4: )C@4656C 56= >@5@ D:8F:6?E6 E6?:6?5@ 6? 4F6?E2 6= >@56=@ 4@?4C6E@ 56 2A2C2E@ A2C2E@D 6>A@EC25@D q @=@42C 6? AC:>6C =F82C =2 A2CE6 :?76C:@C 56 =2 EC2>A:==2 56 D6CG:4:@ :C2C 6? D6?E:5@ 4@?EC2C:@ 2 =2D 28F;2D 56= C6=@; =@D 4:6CC6D 56 A=VDE:4@ FD2?5@ F?2 >@?652 A2C2 6==@ i %2 C2?FC2 56 =@D 4:6CC6D 5636 BF652C 6? A@D:4:^? 9@C:K@?E2= A2C2E@D ?@ 6>A@EC25@D q ? AC:>6C =F82C 92J BF6 4@=@42C =2 A2CE6 :?76C:@C 56 =2 EC2>A:==2 56 D6CG:4:@ J 2 4@?E:?F24:^? 9246C AC6D:^? 4@?EC2 =2 42C42D2 92DE2 BF6 D6 @:82 4=2C2>6?E6 4^>@ 6?42;2 6? ZDE2 47?=: 09 7, 8,92@0=, /0 09?=,/, /0 ,2@, ,: ?@ 6?EC2 28F2 @ D^=@ 6?EC2 F?2 42?E:525 :?DF7:4:6?E6 6? =2 =2G25@C2dD6425@C2 ? AC:>6C =F82C C65F4:C =2 AC6D:^? 56= 28F2 6? =2 >2?d 8F6C2 56 6?EC252 56 28F2 q 6CC2C 6= 8C:7@ 56 28F2 q 6D4@?64E2C =2 =2G25@C2dD6425@C2 q *F:E2C 6= E2A^? 56= @C:7:4:@ q *F:E2C =2 >2?8F6C2 56= 8C:7@ 56 28F2 q %:>A:2C 6= 7:=EC@ 4@? F? A6BF6]@ 46A:==@ @ 4@? F? A:?46= q @?64E2C =2 >2?8F6C2 q 3C:C 6= 8C:7@ 56 28F2 q @>AC@32C D: 92J 7F82D 56 28F2 6? 6= 6IEC6>@ 56 =2 >2?8F6C2 4@?64E252 2= 8C:7@ ,: E@52G\2 92J AZC5:52D 56 28F2 4@>AC@32C D: 6= E2>:K 56= 7:=EC@ 6DEV 24@A=25@ 4@CC64E2>6?E6 0>49.=@>?,.4Q9 09 7, 7,A,/:=,U >0.,/:=, /A0=?09.4, %@D AC@5F4E@D 56D:?4CFDE2?E6D 4@?E:6?6? V4:5@D BF6 AF656? 4@CC@6C =@D 4@>A@?6?E6D 56 =2 =2G25@C2dD6d 425@C2 J 56DE6]:C =2 C@A2 ,: D6 6>A=62 =2 42?E:525 AC64:D2 56 56E6C86?E6 ?@ D6CV ?646D2C:@ C62=:K2C 56D:?4CFDE24:@?6D 6? =2 =2G25@C2dD6425@C2 ,: ?@ @3DE2?E6 7F6C2 AC64:D@ 6764EF2C =2 56D:?4CFDE2d 4:^? 5636CV? D68F:CD6 =2D :?DECF44:@?6D DF>:?:DEC2d 52D A@C 6= 723C:42?E6 56= AC@5F4E@ 56D:?4CFDE2?E6 G%@M 3,.0= >4 d E$0742=: /0 /0>.,=2, 07M.?=4., %2D C6A2C24:@?6D BF6 7F6C2 ?646D2C:@ 6764EF2C 6? 6= 2A2C2E@ D^=@ 5636? D6C 6;64FE252D A@C 6DA64:2=:DE2D 56= ,6CG:4:@ 56 D:DE6?4:2 -Z4?:42 (7:4:2= @ EZ4?:4@D 6DA64:2=:K25@D 56= C2>@ ? 42D@ 56 C6A2C24:^? @ D: ?@ D6 4@?D:8F6 D@=F4:@?2C =2 2G6C\2 4@? 2JF52 56 =2 D:8F:6?E6 E23=2 q %=6G2C 6= >2?5@ D6=64E@C 56 AC@8C2>2D 2 =2 A@D:4:^?m '?:; q 6D6?49F72C =2 =2G25@C2dD6425@C2 56 =2 C65 q 6CC2C 6= 8C:7@ 56 28F2 q G:D2C 2= ,6CG:4:@ 56 D:DE6?4:2 -Z4?:42 GZ2D6 =2 AV8:?2 9/4.,.4:90> /0 ,A0=O, 09 07 /4>;7,C 4!% +'3 %(!" *( %'# (*($'" . =B2?A. 12 0.?4. ;< @2 5. 02??.1< 0<??20A.:2;A2 2??.? 9. =B2?A. 12 0.?4. 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(L0;60. #3606.9 129.:.?0. ,?:> /0 .:9>@8: +% $?<4?.:. .?4. 12 ?<=. &[email protected]< <9<?2@ @P961<@ . ° 84 920A?6061.1 8+5 4B. 9 +% - (% 94<1P; . ° 84 920A?6061.1 8+5 E @20< =.?. .?:.?6< D 84 =.?. @20.1< 4B. 9 '%(% *)%#/)!% "+% -% (% .C.1< 0.@6 56?C62;1< . ° 84 920A?6061.1 8+5 .94<1P; @20< =.?. .?:.?6< 4B. 9 <9<?2@ @P961<@ . ° 84 920A?6061.1 8+5 .94<1P; @20< =.?. .?:.?6< 4B. 9 <9<?2@ @P961<@ . ° 84 920A?6061.1 8+5 .94<1P; @20< =.?. .?:.?6< 4B. 9 $?2;1.@ @6;ALA60.@ . ° 84 920A?6061.1 8+5 =?2;1.@ @6;ALA60.@ @20.@ =.?. .?:.?6< 4B. 9 % (2761<@ '20.1< ?2@6@A2;A2 '20.1< 12960.1< .?4. 12 ?<=. 84 84 84 84 (62:=< 12 @20.1< &[email protected]< 12 @20.1< :6;BA<@ :6;BA<@ :6;BA<@ :6;BA<@ :6;BA<@ :6;BA<@ :6;BA<@ R:21< '20< R:21< '20< R:21< '20< R:21< <;@B:< 12 2;2?4N. ,8+5- =.?. =9.;05.1< =.?. =9.;05.1< =.?. =9.;05.1< =.?. =9.;05.1< '0=A4.4: /0 ,?09.4Q9 ,7 .7409?0 ?E6D 56 ==2>2C 2= D6CG:4:@ 56 2E6?4:^? 2= 4=:6?E6 5636 4@>AC@32CD6 D: D6 AF656 6=:>:?2C A6CD@?2=>6?E6 6= 72==@ GZ2D6 56 =2 AV8:?2 6? 256=2?E6 ,: D6 4@?DF=E2 2 F? EZ4?:4@ 2;6?@ 2= D6CG:4:@ ZDE6 4@d 3C2CV DF D6CG:4:@ 2F?BF6 2`? 6DEZ G:86?E6 =2 82C2?E\2 56= 6=64EC@5@>ZDE:4@ ? 6= 5:C64E@C:@ 25;F?E@ D6 AF656 4@?DF=E2C 4FV= 6D 6= D6CG:4:@ 56 2E6?4:^? 2= 4=:6?E6 >VD AC^I:>@ ,6 5636 :?5:42C 2= D6CG:4:@ 56 2E6?4:^? 2= 4=:6?E6 6= ?`>6C@ 56 AC@5F4E@ 'N J 6= ?`>6C@ 56 AC@5F44:^? 56= 2A2C2E@ "F 6#'% &'%*)% 6#'% &'%*!4$ ?@E2C 2BF\ =@D ?`>6C@D 56= 2A2C2E@ )2C2 6G:E2C 4@?DF=E2D EZ4?:42D :??646D2C:2D 724:=:E2C 2= D6CG:4:@ 56 2E6?4:^? 2= 4=:6?E6 =@D ?`>6C@D 56 AC@5F4E@ J 56 AC@5F44:^? 56= 2A2C2E@ ==@ =6 29@CC2CV 82DE@D 6IEC2 9>?,7,.4Q9 .:90B4Q9 C ?=,9>;:=?0 /0 7, 7,A,/:=,U>0.,/:=, &@?E2C J 4@?64E2C =2 =2G25@C2dD6425@C2 56 4@?7@C>:525 4@? =2D:?DECF44:@?6D 56 >@?E2;6 6 :?DE2=24:^? M636CV? E6?6CD6 6DEC:4E2>6?E6 6? 4F6?E2 =2D :?5:424:@?6D J 4@?D6;@D BF6 D6 724:=:E2? 6? 6= AC6D6?E6 42A:EF=@ 91:=8,.4:90> /0 >02@=4/,/ ..0>:=4:> 0>?J9/,= d E$0742=: /0 /,P:> 1O>4.:> %2 =2G25@C2dD6425@C2 A6D2 >F49@ %6G2?E2C=2 4@? 4F:525@ %2D >2?8F6C2D 4@?86=252D AF656? 56D82CC2CD6 @ C6G6?E2C '@ :?DE2=2C =2 >VBF:?2 6? F? =F82C 5@?56 92J2 C:6D8@ 56 96=252D @ 6? 6= 6IE6C:@C %2 =2G25@C2dD6425@C2 A@5C\2 DF7C:C 52]@D '@ 8:C2C =2 =2G25@C2 A@?:Z?5@=2 3@42 232;@ ?: 56 =25@ '@ =6G2?d E2C =2 =2G25@C2dD6425@C2 2D:Z?5@=2 A@C DFD A2CE6D 6Id E6?D:3=6D A 6; AF6CE2 56 42C82 @>AC@32C D: 92J 52]@D 6? =2 =2G25@C2dD6425@C2 42Fd D25@D 5FC2?E6 6= EC2?DA@CE6 '@ 4@?64E2C =2 =2G25@C2d D6425@C2 D: ZDE2 AC6D6?E2C2 D:8?@D 56 52]@D G:D:3=6D ? 42D@ 56 5F52 A@?6CD6 6? 4@?E24E@ 4@? 6= G6?56d 5@C =@42= +6E:C2C J 8F2C52C =@D D68FC@D 56 EC2?DA@CE6 GZ2D6 =2 AV8:?2 56>VD 56 =2D :?DECF44:@?6D 2BF\ C676C:52D 5636CV? @3D6CG2CD6 =2D C68F=24:@?6D 6DA64\7:42D AC@A@C4:@?2d 52D A@C =2D AC@A:2D 4@>A2]\2D 56 DF>:?:DEC@ 56 28F2 J 6=64EC:4:525 56= FDF2C:@ ? 42D@ 56 5F52 ==2>2C 2 F? 6=64EC:4:DE2 A2C2 BF6 C62=:46 =2 4@?6I:^? 56= 2A2C2E@ ;,=,?:> 9: 08;:?=,/:> @=D2 6? 6= :?E6C:@C 56= E2>3@C =2D E2A2D AC@E64E@C2D A2C2 4F3C:C =2D 236CEFC2D EC2D C6E:C2C =@D D68FC@D 56 EC2?DA@CE6 A:6K2 D6A2C25@C2 A2C2 56E6C86?E6 =\BF:5@ ==2G6 ? =2 A2CE6 A@DE6C:@C 56 =2 =2G25@C2dD6425@C2 >2?8F6C2 56 56D28a6 >2?8F6C2 56 2=:>6?E24:^? 423=6 56 2=:>6?E24:^? 4@? 6?49F76 ;,=,?:> 08;:?=,/:> 56>VD 56= >2E6C:2= DF>:?:DEC25@ 4@? =@D 2A2C2E@D ?@ 6>A@EC25@D D6 DF>:?:DEC2 6? 6= 6>32=2;6 F?2 A=2?E:==2 56 =2 AF6CE2 ? 6= :?E6C:@C 56= E2>3@C @EC2 3@=D2 >VD 4@? =2D A:6K2D A2C2 6= >@?E2;6 6>A@EC25@ GZ2?D6 =2D :?DECF44:@?6D 2A2CE6 D@3C6 =2 4@=@424:^? J >@?E2;6 56= 2A2C2E@ %2 9F>6525 6? 6= :?E6C:@C 56= E2>3@C D6 5636 2= 4@?EC@= 56 42=:525 7:?2= 6764EF25@ 4@? 4252 2A2C2E@ 2?E6D 56 D2=:C 56 7V3C:42 6A6?5:6?5@ 56= E:A@ 56 4@?6I:^? 6? 6= =F82C 56 >@?E2;6 AF656? D6C ?646D2C:2D 25:4:@?2=>6?E6 =2D D:8F:6?E6D A:6K2D F?2 23C2K256C2 56 d >> 56 5:V>6EC@ 5636CV25BF:C:CD6 6? 6= 4@>6C4:@ 6DA64:2=:K25@ A2C2 =2 4@?6I:^? 2 F? D:7^? 30==,8409?,> ,/0.@,/,> F? ?:G6= 56 3FC3F;2 A2C2 ?:G6=2C 6= 2A2C2E@ 4809>4:90> ;,=,?:> 9: 08;:?=,/:> , >> - >> . >> ;,=,?:> 08;:?=,/:> %2D >65:52D 5:7:6C6? 56 =2D 56 =@D 2A2C2E@D ?@ 6>A@EC25@D /Z2?D6 =2D :?DECF44:@?6D 2A2CE6 56 4@=@424:^? J >@?E2;6 56= 2A2C2E@ '02@=:> /0 ?=,9>;:=?0 d E$0742=: /0 /,P:> ?E6D 56 FD2C =2 =2G25@C2dD6425@C2 A@C AC:>6C2 G6K C6E:C2C A@C 4@>A=6E@ =@D D68FC@D 56 EC2?DA@CE6 56 =2 A2CE6 A@DE6C:@C F2C52C =@D D68FC@D 56 EC2?DA@CE6 A2C2 F? A@D:3=6 EC2?DA@CE6 A@DE6C:@C A@C >F52?K2 q 7=@;2C =@D D68FC@D 4@? =2 ==2G6 7:;2 92DE2 BF6 D6 AF652? D242C >2?F2=>6?E6 56= @C:7:4:@ q IEC26C 4@>A=6E@D =@D D68FC@D 56 EC2?DA@CE6A6Cd ?@ 4@? >2?8F:E@ q @=@42C =2D E2A2D A2C2 6G:E2C BF6 6?EC6 28F2 @ D2=A:425FC2D 56?EC@ 56 =2 =2G25@C2dD6425@C2 @ A2C2 ?@ A@56C E@42C A:6K2D A@C =2D BF6 7=FJ2 4@CC:6?E6 6=Z4EC:42 $:>4.4:9,8409?: C 94A07,.4Q9 D 7F?52>6?E2= BF6 =2 =2G25@C2dD6425@C2 BF656 3:6? 4@=@4252 A2C2 6G:E2C 6= 56DA=2K2>:6?E@ 56= 2A2C2E@ 5FC2?E6 6= 46?EC:7F825@ %2 DFA6C7:4:6 56 2A@J@ 5636 D6C 7:C>6 J A=2?2 J 6DE2C =:>A:2 '@ D@? 2564F25@D =@D C6G6DE:>:6?E@D 56 DF6=@ 3=2?5@D 4@>@ A 6; >@BF6E2D F @EC@D C6G6DE:>:6?E@D 56 DF6=@ 4@? 32D6 56 6DAF>2 q :;2C 6? 6= DF6=@ =2D =V>:?2D 2?E:56D=:K2?E6D DF>:?:DEC252D 4@? 5@3=6 42C2 56 4:?E2 2596D:G2 ,: 92J F?2 32D6 56 DF6=@ A@C@D2 A 6; D@=25@ @ A2G:>6?E@ 923CV BF6 6DE23=646C F?2 2564F252 F?:^? 2596C6?E6 q @=@42C =2 =2G25@C2dD6425@C2 D@3C6 =2D =V>:?2D 2?E:56D=:K2?E6D q !F>65646C =2D =V>:?2D 2?E:56D=:K2?E6D 4@? F?2 >6K4=2 56 28F2 J 56E6C86?E6 =2G2G2;:==2D 2?E6D 56 :?E6C42=2C=2D 6?EC6 =2 =2G25@C2dD6425@C2 J 6= DF6=@ '@ FD2C 8C2D2D ?: 246:E6D A2C2 E2= 7:? %2 =2G25@C2dD6425@C2 D6 AF656 252AE2C 2 5:76C6?E6D 2=EFC2D 56 EC232;@ FD2?5@ F?2 A=242 C6D:DE6?E6 2= 28F2 q +6G6DE:C =2 A=242 A@C 2>3@D =25@D 4@? 4:?E2 2596D:G2 56 5@3=6 42C2 J A682C=2 2= DF6=@ ,: D6 4@=@42 D@3C6 F? E649@ 56 G:82D 56 >256C2 923CV BF6 2E@C?:==2C=2 ,: 92J F?2 32D6 56 DF6=@ A@C@D2 A6; D@=25@ @ A2G:>6?E@ 923CV BF6 6DE23=646C F?2 2564F252 F?:^? 2596C6?E6 q :;2C =2D A2E2D 56 =2 =2G25@C2dD6425@C2 >65:2?E6 3C:52D 56 DF;64:^? ? 6= 42D@ 56 BF6C6C 4@=@42C =2 =2G25@C2dD6425@C2 D@3C6 F? E649@ 56 G:82D 56 >256C2 q ? =2 >65:52 56 =@ A@D:3=6 6>A=2K2C =2 =2G25@C2dD6425@C2 6? F? C:?4^? q E@C?:==2C 2= DF6=@ F?2 A=242 C6D:DE6?E6 2= 28F2 56 >> 56 6DA6D@C q :;2C =2D A2E2D 56 =2 =2G25@C2dD6425@C2 >65:2?E6 3C:52D 56 DF;64:^? ? 6= 42D@ 56 BF6C6C 4@=@42C =2 =2G25@C2dD6425@C2 D@3C6 F? K^42=@ q :;2C =2D A2E2D 56 =2 =2G25@C2dD6425@C2 >65:2?E6 3C:52D 56 DF;64:^? %2D 3C:52D 56 DF;64:^? <:E 56 >@?E2;6 D6 AF656? 25BF:C:C 6? 6= 4@>6C4:@ 6DA64:2=:K25@ @ 3:6? D@=:4:E2C=2D 2= D6CG:4:@ 56 2D:DE6?4:2 EZ4?:42 ?N 56 A65:5@ 0&1 "4A07,.4Q9 ':G6=2C =2 =2G25@C2dD6425@C2 4@? 2JF52 56 =2D A2E2D C68F=23=6D J F? ?:G6= 56 3FC3F;2 %2D 4F2EC@ A2E2D 56= 2A2C2E@ 5636? 2A@J2CD6 D^=:52>6?E6 D@3C6 6= DF6=@ %2 =2G25@C2dD6425@C2 ?@ 5636 4@;62C q 6D6?C@D42C =2 EF6C42 56 7:;24:^? 4@? =2 ==2G6 A2C2 E@C?:==@D q @CC68:C =2 2=EFC2 56= 2A2C2E@ 8:C2?5@ 6= D@A@CE6 ;FDE6 >VI:>@ 56 2=EFC2 C64@>6?525@ >> q AC6E2C =2 EF6C42 56 7:;24:^? 6? 6= 4F6CA@ 56= 2A2C2E@ !2J BF6 DF;6E2C =2 A2E2 5FC2?E6 6= AC@46D@ D:? 2=E6C2C DF 2=EFC2 ?09.4Q9 %@D CF:5@D :?E6?D@D =2D G:3C24:@?6D J =@D L56DA=2K2>:6?E@D 56= 2A2C2E@ D6 5636? F?2 ?:G6=24:^? 567:4:6?E6 :924?@/0> /0 8,92@0=,> C .,-70> :90B4Q9 09 07 7,/: 4D<@40=/: &&'%, # &&'%, 7# #!$ # #, # &&'%,77# :90B4Q9 09 07 7,/: /0=0.3: &&'%, # #!$ # &&'%, # !,92@0=, /0 0B?09>4Q9 30=8M?4., #, # &&'%, # :DA@?:3=6 6? 7@C>2 56 ;F68@ 56 A:6K2D A2C2 D2=:52D 6DA64:2=6D #F68@ 56 A:6K2D 56 4@?6I:^? >2?8F6C2 56 A=VDE:4@ 2AC@I> ?N A65:5@ 0&1 :90B4Q9 , 7, ,74809?,.4Q9 /0 ,2@, :6;T T:: M)2C2 6G:E2C 7F82D @ 52]@D A@C D2=:52 56 28F2 5636? D68F:CD6 4F:525@D2>6?E6 =2D :?DECF44:@?6D 56 6DE6 42A\EF=@ /A0=?09.4, %2 =2G25@C2dD6425@C2 D^=@ 5636 EC232;2C 4@? 28F2 A@E23=6 7C\2 '@ 4@?64E2C 6= 2A2C2E@ 2= 8C:7@ 56 >6K4=2 56 F? 42=6?E25@C 56 28F2 42=:6?E6 2 32;2 AC6D:^? ? 42D@ 56 5F52 ==2>2C 2 F? AC@76D:@?2= 2FE@C:K25@ A2C2 BF6 ==6G6 2 423@ =2 4@?6I:^? 56= 28F2 (3D6CG24:@?6D D@3C6 =2 >2?8F6C2 56 DF>:?:DEC@ 56 28F2 RDE2 ?@ 5636 6DE2C 5@3=252 ?: 2A=2DE252 RDE2 ?@ 5636 D6C >@5:7:4252 ?: 24@CE252 ?@BF6d 52C\2 82C2?E:K252 =2 6DE23:=:525 %2D A:6K2D C@D4252D 56 A=VDE:4@ D^=@ 5636? 2AC6E2CD6 2 >2?@ '@ 6IEC26C =@D E2>:46D 7:=EC25@C6D 56 =2 >2?d 8F6C2 56 2=:>6?E24:^? 56 28F2 )C6DE2C 2E6?4:^? 2 =2 AC6D:^? 56 28F2 6? =2 C65 56 DFd >:?:DEC@ %2 AC6D:^? 56= 28F2 5636C\2 E6?6C F? G2=@C 4@>d AC6?5:5@ 6?EC6 I J I)2 4@? 6= 8C:7@ 23:6CE@ 5636C\2 9236C F? 42F52= >\?:>@ 56 =:EC@D A@C >:?FE@ ,: =2 AC6D:^? 56= 28F2 6D DFA6C:@C 923CV BF6 :?DE2d =2C F?2 GV=GF=2 C65F4E@C2 56 =2 AC6D:^? @?64E2C =2 >2?8F6C2 56 6?EC252 56 28F2 q @?64E2C =2 >2?8F6C2 56 6?EC252 56 28F2 2= 8C:7@ i ,: =2 >2?8F6C2 BF2DE@A >2?8F6C2 56 2=:>6?E2d 4:^? 6DEV 56764EF@D2 =2 >:C:==2 D6 G6 6? C@;@ >6?D2;6 56 6CC@C GZ2D6 =2 AV8:?2 0>;@M> /0 7, .:90B4Q9 /0 7, 8,92@0=, /0 09?=,/, /0 ,2@, q 3C:C 4@>A=6E2>6?E6 6= 8C:7@ 56 28F2 q @>AC@32C D: 92J 7F82D 6? =@D AF?E@D 56 4@?6I:^? 0>,2T0 /A0=?09.4, '@ 5@3=2C =2 >2?8F6C2 56 56D28a6 ?: E:C2C 56 6==2 :76C6?4:2 56 2=EFC2 6?EC6 =2 K@?2 56 4@=@424:^? J 6= AF?E@ 56 56D28a6 >VI 4> >\? 4> 6D28a6 2 F? D:7^? q D68FC2C 6= AF?E@ 56 4@?6I:^? 4@? F?2 23C2K256d C2 56 >2?8F6C2 56 d>> 56 5:V>6EC@ 25BF:d D:4:^? 6? 4@>6C4:@D 6DA64:2=:K25@D 6D28a6 2 F? =2G23@ /A0=?09.4, = E2A^? ?@ 5636 3=@BF62C 6= 56D28a6 56= =2G23@ q D68FC2C =2 >2?8F6C2 56 56D28a6 56 7@C>2 BF6 ?@ D6 56D=:46 q FC2?E6 6= 56D28a6 4@>AC@32C BF6 =2 6G24F24:^? 56 28F2 D62 =2 DF7:4:6?E6 i %2D >2?8F6C2D 56 6?EC252 56 28F2 J 56 56D28a6 D6 AF656? 8:C2C 2 =2 56C6492 @ 2 =2 :KBF:6C52 56d A6?5:6?5@ 56 =2D ?646D:5256D 56 =2 :?DE2=24:^? (=,9>;:=?0 /0 7, 7,A,/:=,U>0.,/:=, :90B4Q9 07M.?=4., ?E6D 56 EC2?DA@CE2C =2 =2G25@C2dD6425@C2 A 6; 2?E6 F?2 >F52?K2 6CC2C 6= 8C:7@ 56 28F2 ? AC:>6C =F82C C65F4:C =2 AC6D:^? 56= 28F2 6? =2 >2?8F6C2 56 6?EC252 56 28F2 G24F2C 6= 28F2 C6D:5F2= GZ2D6 =2 AV8:?2 6D6?49F72C =2 >VBF:?2 56 =2 E@>2 56 4@CC:6?E6 IEC26C =2D >2?8F6C2D @=@424:^? 56 =@D D68FC@D 56 EC2?DA@CE6 /A0=?09.4, %2 =2G25@C2dD6425@C2 5636 4@?64E2CD6 4@CC64E2>6?d E6 2 F?2 E@>2 56 4@CC:6?E6 A2C2 :?E6CCFAE@C 2FE@>VE:d 4@ 56 4@CC:6?E6 2=E6C?2 = G@=E2;6 56 =2 C65 6=Z4EC:42 5636 4F>A=:C 4@? =2 :?5:d 424:^? 56 G@=E2;6 C67=6;252 6? =2 A=242 56 :56?E:7:42d 4:^? ? 5:492 A=242 56 :56?E:7:424:^? D6 C67=6;2 =2 42C82 4@?64E252 J =2 AC@E644:^? A@C 7FD:3=6D C6BF6C:52 D68FC2CD6 56 BF6 =2 4=2G:;2 56 6?49F76 J =2 42;2 56 6?49F76 56 =2 E@d >2 56 4@CC:6?E6 D@? 4@>A2E:3=6D =2 D644:^? EC2?DG6CD2= 56= 423=6 6D DF7:4:6?E6 6= D:DE6>2 56 E@>2 2 E:6CC2 D6 92 :?DE2=25@ 56 24F6C5@ 4@? =2D C68F=24:@?6D A6CE:?6?E6D ,: 6= 423=6 56 4@?6I:^? 2 =2 C65 6=Z4EC:42 ?646D:E2 F?2 >@5:7:424:^? 6==@ D^=@ 5636 D6C ==6G25@ 2 423@ A@C =@D EZ4?:4@D 56= D6CG:4:@ A@DG6?E2 '@ FE:=:K2C 4=2G:;2D @ 4@?64E@C6D >`=E:A=6D J@ 423=6D 56 6IE6?D:^? .E:=:K2C `?:42>6?E6 :?E6CCFAE@C6D 56 4@CC:6?E6 5:76C6?d 4:2= >2C425@D 4@? 6= D:8F:6?E6 D\>3@=@ '@ E@42C =2 4=2G:;2 56 6?49F76 4@? =2D >2?@D 9`>6d 52D -:C2C D:6>AC6 56 =2 6>AF]25FC2 56 =2 4=2G:;2 A2C2 6Id EC26C ZDE2 56 =2 42;2 56 6?49F76 56 E@>2 56 4@CC:6?E6 9/4.0 446D@C:@D 6DEV?52C 4=2C2C G6C\2D =:>:?24:^? 56 >2?492D DE25@ 56= AC@8C2>2 E:BF6E2D 56 :?DECF44:@?6D 56 =2G25@ G24F24:^? 56 28F2 G24F24:^? 56= 28F2 =2?BF625@ @>32 56 56D28a6 C:52D 56 DF;64:^? 2=@C 32;@ 2=@C ?@C>2= 2C82 >VI:>2 56 C@A2 2C82 >VI:>2D 56 C@A2 6?EC:7F8 ^5:8@ 56 2G6C\2 @?64E2C @?6I:^? 2 =2 2=:>6?E24:^? 56 28F2 @?6I:^? 6=Z4EC:42 F36E2 A2C2 6= 56E6C86?E6 2E@D 56 4@?DF>@ 6D28a6 6D:?4CFDE2?E6D 6E6C86?E6 6E6C86?E6 6? A@=G@ 6E6C86?E6 =\BF:5@ :>6?D:@?6D :@5@ =F>:?@D@ ,6425@ ,6425@ 56=:425@ @D:7:424:^? 56 56E6C86?E6 FC6K2 56= 28F2 :=EC@ 6? =2 >2?8F6C2 56 6?EC252 56 28F2 :? 56 AC@8C2>2 ,:? 46?EC:7F825@ 7:?2= F?4:@?6D C25@ 56 DF4:6525 "?5:425@C6D =F>:?@D@D 56 @A4:^? 46?EC:7F8 "?:4:@ D642?5@D642C D642C J E6C>:?25@ "?:4:@ "?:4:@ 9 "?:4:@)2FD2 #F68@ 56 A:6K2D 56 4@?6I:^? %2?2 %2G25@D6425@ %2G25@C2 D6425@C2 %:>A:6K2 J 4F:525@D 2;2 J E23=6C@ 56 >2?5@D F36E2 A2C2 6= 56E6C86?E6 6D:?4CFDE24:^? :=EC@ 6? =2 >2?8F6C2 56 6?EC2d 52 56 28F2 -2>3@C %:>A:6K2 J >2?E6?:>:6?E@ @>32 %=6?25@ 56 56E6C86?E6 %@?8:EF56D 56 >2?8F6C2D J 42d 3=6D ! &2?5@ AC@8C2>25@C &2?8F6C2 BF2DE@A &65:52D A2C2E@D 6>A@EC25@D A2C2E@D ?@ 6>A@EC25@D &65:52D 56 2JF52 &:C:==2 " ':G6=24:^? # (A4:@?6D 25:4:@?2=6D "?:4:@ 9 +VA:5@ $ & ( )2?6= 56 =2 A2?E2==2 56 G:DF2=:K2d 4:^? )2?6= 56 >2?5@ )=2?E:==2 56 =2 AF6CE2 )@D:4:@?2>:6?E@ J ?:G6=24:^? )C6?52D 56 2=8@5^? @ C6D:DE6?E6D 56 4@=@C6D D^=:5@D )C6?52D 56 2=8@5^? J E6;:5@D C6D:d DE6?E6D 56 4@=@C )C6?52D D:?EZE:42D )C:>6C =2G25@ )C@8C2>2 2?46=24:^? "?E6CCFA4:^? &@5:7:42C ,6=644:^? )C@8C2>2D %2G25@D6425@ ,^=@ =2G2C ,^=@ D642C )C@8C2>2D 56 =2G25@ ,6=644:^? ?F6G2 ,6=644:@?2C )C@8C2>2D 56 D6425@ )C@8C2>2D 6DA64:2=6D =2?BF625@ G24F24:^? 56 28F2 +6>@;25@ -:?E6 .D@ 56 2=>:5^? .D@ 56 DF2G:K2?E6 )F6CE2 56 42C82 A6CEFC2 )F=D25@C ,642C +VA:5@ +6>@;25@ +6EC2D@ 56 =2 9@C2 56 :?:4:@ +@A2 =2D:7:424:^? IEC26C )C6A2C24:^? +@A2 >@;252 -64=2 6?EC:7F8 6?EC:7F825@ "?:4:@ 9 "?:4:@)2FD2 )F6CE2 56 42C82 +VA:5@ ,6425@ -64=2 56 46?EC:7F825@ -64=2 56 AF6CE2 56 42C82 -64=2D -6>A6C2EFC2 56 D6425@ -:6>A@ 56 7:?2=:K24:^? -:6>A@D 56 D6425@ -:?E6 -C2>A:==2 56 D6CG:4:@ -C2?DA@CE6 56 =2 =2G25@C2d D6425@C2 ' ,6425@ ,6425@ 56=:425@ ,6425@ :?E6?D:G@ ,642C ,652 ,68FC@D 56 EC2?DA@CE6 ,6=644:^? ?F6G2 ,6]2= 24`DE:42 ,6CG:4:@ 56 2E6?4:^? 2= 4=:6?E6 ,:? 46?EC:7F825@ 7:?2= ,:DE6>2 56 4@?EC@= 56 56D6BF:=:d 3C:@D ,^=@ =2G2C ,^=@ D642C ,F2G:K2?E6 ) .D@ .D@ 56 2=>:5^? H9/4.0 9>?=@LR0> /0>0=A4L: "?7@C>2Y_6D C676C6?E6D U 6=:>:?2YX@ 56 C6D\5F@D =:>:?2YX@ 52 6>32=286> =:>:?2YX@ 5@ 6=64EC@5@>ZDE:4@ 2?E:8@ )C@E64YX@ 5@ 2>3:6?E6 @?D6=9@D 6 DF86DE_6D "?DECFY_6D 56 D68FC2?Y2 86C2:D ?E6D 56 4@>6Y2C 2 FE:=:K2C @ 6=64EC@5@>ZDE:4@ .E:=:K2C 4@CC64E2>6?E6 2 DF2 >VBF:?2 56 =2G2CD642C *F2?5@ =2G2C 6 D642C E6?92 D6>AC6 6> 4@?E2 @ D68F:?E6 F:52C 52 DF2 >VBF:?2 56 =2G2CD642C DF2 ?@G2 >VBF:?2 56 =2G2CD642C )2:?6= 56 4@?EC@=@ 6D4C:YX@ 52 >VBF:?2 56 =2G2CD642C F?4:@?2>6?E@ 6 6BF:A2>6?E@ @A4:@?2= )C6A2C2C 6 D6A2C2C 2 C@FA2 DF;2 )C6A2C2C 2 C@FA2 A2C2 =2G2C ,6A2C2C 2 C@FA2 DF;2 A2C2 =2G286> ,6A2C2C 2 C@FA2 DF;2A2C2 2 D64286> 6E6C86?E6D 6 AC@5FE@D 56 =:>A6K2 @D62C @ 56E6C86?E6 ?496C 4@> 56E6C86?E6AC@5FE@ 56 =:>A6K2 )C:>6:C2 =2G286> )C@8C2>2D 6 7F?Y_6D ,6=64E@C 56 AC@8C2>2D @EX@ M "?:4:@)2FD2 @EX@ +VA:5@ I @EX@ "?\4:@ 9 @EX@ r ,642C J @EX@ B 46?EC:7F8 %2G2C 6 D642C )C@8C2>2D D^ 56 =6G286> )C@8C2>2D D^ 56 D64286> %2G2CD642C :> 5@ AC@8C2>2 %:>A6K2 6 2DD:DE[?4:2 2A^DdG6?52 52 >VBF:?2 56 =2G2CD642C @CA@ 6 DFA6C7\4:6 7C@?E2= -2>3@C 2G6E2 A2C2 56E6C86?E6D @>32 56 32CC6=2 :=EC@ ?2 >2?8F6:C2 56 25>:DDX@ 56 V8F2 +6>@G6C @ 42=4VC:@ 52 >VBF:?2 56 =2G2CD642C ( BF6 72K6C D6 25@D D@3C6 @ 4@?DF>@ DD:DE[?4:2 2A^DdG6?52 9>?=@LR0> /08:9?,208 "?DE2=2C =:82C 6 EC2?DA@CE2C 2 >VBF:?2 56 =2G2CD642C "?7@C>2Y_6D 56 D68FC2?Y2 46DD^C:@D DE2?52C5 :>6?D_6D %@42= 56 :?DE2=2YX@ :DA@D:E:G@D 56 AC@E64YX@ 5FC2?E6 @ EC2?DA@CE6 ':G6=2C @>AC:>6?E@D 56 423@D 6 >2?8F6:C2D %:82YX@ 56 V8F2 -C2?DA@CE2C 2 >VBF:?2 56 =2G2CD642C %:82YX@ 6=Z4EC:42 S?5:46 C6>:DD:G@ @ 25BF:C:C 2 DF2 ?@G2 >VBF:?2 56 =2G2CD642C @D49 @AE@F A@C F> 6=64EC@5@>ZDE:4@ 5@>ZDE:4@ >@56C?@ 56 6=6G252 BF2=:5256 DE2 ?@G2 >VBF:?2 56 =2G2CD642C Z @ C6DF=E25@ 56 2?@D 56 :?G6DE:82YX@ ( 56D:8? :?@G25@C 6 2 BF2=:5256 5@D AC@46DD@D 56 AC@5FYX@ FE:=:K25@D ?@ 723C:4@ 56DE6 AC@5FE@ 2DD68FC2> BF6 =96 AC@A@C4:@?2CV >F:E@D 2?@D 56 D6CG:Y@ 6I46=6?E6 ( D6F 4@?46:E@ D2E:D72K E@5@D @D 24EF2:D 6 7FEFC@D C6BF:D:E@D 56 =2G286> 6 D64286> ( D6F 32:I@ 4@?DF>@ 56 V8F2 6?6C8:2 6 56E6C86?E6 2;F52> 2 AC@E686C @ 2>3:6?E6 6 2 C65FK:C 2 F> >\?:d >@ @D 4FDE@D 56 FE:=:K2YX@ ( 4@?DF>@ 56 V8F2 6 56 6?6C8:2 7@C2> C65FK:5@D 6> E@5@D @D AC@8C2>2D DE6D C6DF=E25@D 7@C2> 4@?D68F:d 5@D 2EC2GZD 56 F> D:DE6>2 56 =2G286> 6DA64:2= GV=:5@ A2C2 E@5@D @D AC@8C2>2D 6 A2C2 E@5@D @D E64:5@D ( E2>3@C 6DEV 6BF:A25@ 4@> EC[D A2=96E2D 6IE6C?2D BF6 >2?E[> 2 V8F2 6> 4@?DE2?E6 4:C4F=2YX@ @76C646?5@ 2DD:> F>2 =2G286> :?E6?D:G2 6 F?:7@C>6 4@?DF>:?5@ 2@ >6D>@ E6>A@ >6?@D V8F2 "DE@ 2DD68FC2 BF6 2 DF2 C@FA2 DF;2 Z =2G252 6 EC2E252 4@> @ >2:@C 4F:525@ ( ?@G@ D:DE6>2 56 =2G286> Z EX@ 67:42K BF6 2EZ 2 C@FA2 4@> DF;:5256 ?@C>2= A@56 D6C =2G252 D6> BF6 D6;2 ?646DDVC:@ F> 4:4=@ 56 ACZd=2G286> ACZd=2G286> D^ Z C64@>6?5252 A2C2 C@FA2 >F:E@ DF;2 252 >VBF:?2 56 =2G2CD642C BF6 D2: 52 ?@DD2 7V3C:d 42 Z 4F:525@D2>6?E6 G6C:7:4252 A2C2 2DD68FC2C BF6 6DEV 2 7F?4:@?2C 4@CC64E2>6?E6 6 6> 4@?5:Y_6D A6Cd 76:E2D ,6 E:G6C 2=8F>2 5`G:52 6DA64:2=>6?E6 ?@ BF6 D6 C676C6 U :?DE2=2YX@ 6 =:82YX@ 52 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@D6:6 @ 56E6C86?E6 56 24@C5@ 4@> q 2 5FC6K2 52 V8F2 )@56 A6C8F?E2C U 6>AC6D2 56 7@C?64:>6?E@ 56 V8F2 52 DF2 K@?2 BF2= @ 8C2F 56 5FC6K2 52 V8F2 q 2D 6DA64:7:42Y_6D 5@ 723C:42?E6 5@ 56E6C86?E6 q 2 BF2?E:5256 56 C@FA2 DF;2 q @ 8C2F 56 DF;:5256 i ( 5@D62>6?E@ 4@CC64E@ C65FK @ :>A24E@ ?@ 2>d 3:6?E6 6 AC@5FK F> 3@> C6DF=E25@ 56 =2G286> i D BF2?E:5256D 56 56E6C86?E6 :?5:4252D ?2D 6>d 32=286?D C676C6>dD6 2 42C82D E@E2:D 52 >VBF:?2 @> >6?@D C@FA2 @F D6 2 C@FA2 6DE:G6C 2A6?2D =:86:C2>6?E6 DF;2 C65FK2 2 BF2?E:5256 56 56E6Cd 86?E6 i )2C2 @ AC@8C2>2 56 =2G286> 56 =XD FE:=:K6 2A6?2D 56E6C86?E6D ?6FEC@D AC^AC:@D A2C2 =XD @=0D, /, J2@, "OA07 /0 /@=0D, &@=6 &@56C252>6?E6 5FC2 FC2 &F:E@ 5FC2 =,@ 1=,9.N> 1 EZ ° ° ° ° ° &2:D 56 ° =,@ ,708K: / EZ ° ° ° ° ° &2:D 56 ° :>0,= : /0?0=209?0 08 ;Q &:@;, .:8 >@54/,/0 9:=8,7 q D4@=92 F> AC@8C2>2 D6> ACZd=2G286> q @=@BF6 56?EC@ 5@ 5:DEC:3F:5@C 52 82G6E2 A2C2 56E6C86?E6D 2 BF2?E:5256 E@E2= 56 56E6C86?E6 :?5:d 4252 ?2D 6>32=286?D &:@;, 8@4?: >@5, q D4@=92 F> AC@8C2>2 4@> ACZd=2G286> q 5:4:@?6 O 52 BF2?E:5256 C64@>6?5252 56 56E6Cd 86?E6 ?@ 5:DEC:3F:5@C 52 82G6E2 A2C2 56E6C86?E6D 6 P 5@ 56E6C86?E6 ?@ 5:DEC:3F:5@C :>0,= : /0?0=209?0 7O<@4/: i .E:=:K6 56E6C86?E6D =\BF:5@D 2A6?2D A2C2 @ 4:4=@ 56 =2G286> AC:?4:A2= >08 ;=MU7,A,208 q @=@BF6 2 5@D6 C64@>6?5252 56?EC@ 5@ 5@D62d 5@C 7@C?64:5@ 4@> @ 56E6C86?E6 =\BF:5@ 6 4@=@BF6d @ 56?EC@ 5@ E2>3@C :@ q @=@BF6 @ 56E6C86?E6 =\BF:5@ 56?EC@ 5@ 5:DEC:3F:d 5@C 52 82G6E2 A2C2 56E6C86?E6D 56A@:D 56 :?DE2d =2C 2 :?D6CYX@ C6=2E:G2 i :?D6CYX@ G6C>6=92 6DEV AC6A2C252 4@> F>2 6D42=2 BF6 @ :CV 2;F52C 2 4@=@42C 2 BF2?E:5256 256BF252 56 56E6C86?E6 =\BF:5@ i *F2?5@ @ 5:DEC:3F:5@C Z FE:=:K25@ A2C2 56E6C86?E6 6> A^ E6> BF6 C6E:C2C 2 :?D6CYX@ G6C>6=92 #> /0?0=209?0> 7O<@4/:> 0 , ?08;:=4D,LK: &2:D :?7@C>2Y_6D D@3C6 2 E6>A@C:K2YX@ ?2 AV8:d ?2 ,6 D6=644:@?2C 2 E6>A@C:K2YX@ FE:=:K6 F> C64:A:6?E6 5@D625@C A2C2 56E6C86?E6D =\BF:5@D A@C 6I6>A=@ F>2 3@=2 56 @FEC2 7@C>2 @ 56E6C86?E6 =\BF:5@ :CV 6D4@CC6C =6?E2>6?E6 A2C2 7@C2 5@ 5:DEC:3F:5@C 56 56d E6C86?E6 6?5FC646?5@ A@DE6C:@C>6?E6 '@ 7:?2= 5@ AC@8C2>2 C6E:C6 @ C64:A:6?E6 5@D625@C 56 56?EC@ 5@ E2>3@C 9.30= .:8 /0?0=209?0;=:/@?: /0 748;0D, :DEC:3F:5@C 6E6C86?E6 A2C2 ACZd=2G286> :DEC:3F:5@C 6E6C86?E6 A2C2 =2G286> AC:?4:A2= (D 246DD^C:@D 52 >VBF:?2 :?4=F6> F>2 :?D6CYX@ G6Cd >6=92 BF6 A@56 D6C 4@=@4252 56?EC@ 5@ 5:DEC:3F:5@C A6C>:E:?5@ 56DE6 >@5@ FE:=:K2CdD6 56E6C86?E6 =\BF:d 5@ :DEC:3F:5@C @=@BF6 @D 25:E:G@D =\BF:5@D 4@>@ 2 8@>2 6 @ 2>2d 4:25@C (D 25:E:G@D DX@ :?EC@5FK:5@D 2FE@>2E:42>6?E6 56?EC@ 52 4F32 5FC2?E6 @ 6?I28F2>6?E@ 7:?2= i ( ?\G6= 5@D AC@5FE@D =\BF:5@D ?X@ 56G6 6I4656C @ =:>:E6 >VI:>@ 56 @FEC2 7@C>2 D6CX@ 6DG2K:25@D 465@ 56>2:D i ?E6D 56 4@=@42C 25:E:G@D 6DA6DD@D 56?EC@ 52 82d G6E2 5:=F2d@D ?F> A@F4@ 56 V8F2 A2C2 6G:E2C BF6 @3DECF2> 2 D2\52 :DEC:3F:5@C A2C2 2 =:I\G:2 i ,6 6I:DE:C F>2 E2>A2 4@> 2 >2C42 D:8?:7:42 BF6 6DE6 >@56=@ 56 >VBF:?2 ?X@ DFA@CE2 2 FE:=:d K2YX@ 56 =:I\G:2 q 3C2 2 82G6E2 A2C2 56E6C86?E6D q @=@BF6 @ 56E6C86?E6 6@F @ AC@5FE@ 56 =:>A6K2 q 6496 2 82G6E2 A2C2 56E6C86?E6D $=:/@?:> ;,=, =08:LK: /0 9Q/:,> (D AC@5FE@D A2C2 C6>@YX@ 56 ?^5@2D A@56> D6C 4@=@425@D ?@D 5:DEC:3F:5@C6D 6 56 24@C5@ 4@> 2D :?DECFY_6D 5@ 723C:42?E6 5:4:@?6 6> AC:>6:C@ =F82C @ 56E6C86?E6 6 56A@:D @ AC@5FE@ A2C2 C6>@YX@ 56 ?^5@2D $=4804=, 7,A,208 >VBF:?2 56 =2G2CD642C 7@: E6DE252 2?E6D 56 D2:C 52 7V3C:42 )2C2 C6>@G6C BF2=BF6C V8F2 C6D:5F2= 5@D E6d DE6D C62=:K25@D 72Y2 F>2 AC:>6:C2 =2G286> D6> 4@=@d 42C BF2=BF6C C@FA2 DF;2 56?EC@ 52 >VBF:?2 q /6C:7:BF6 D6 @D A2C27FD@D 56 EC2?DA@CE6 7@C2> C6E:d C25@D 52 A2CE6 56 ECVD 52 >VBF:?2 56 =2G2CD642C AV8:?2 q 'X@ 42CC68F6 BF2=BF6C C@FA2 DF;2 q 6496 2 A@CE2 q 3C2 2 E@C?6:C2 q )FI6 2 82G6E2 A2C2 56E6C86?E6D 2EZ 2@ 7:> q @=@BF6 >6:2 >65:52 56 56E6C86?E6 ?@C>2= 56?d EC@ 5@ 5:DEC:3F:5@C i 'X@ FE:=:K6 BF2:DBF6C 56E6C86?E6D 6DA64:2:D A2C2 =XD @F E64:5@D 56=:425@D 7@C>2YX@ 56 6DAF>2 q 6496 2 82G6E2 A2C2 56E6C86?E6D q @=@BF6 @ D6=64E@C 56 AC@8C2>2D ?@ AC@8C2>2 AC6E6?5:5@ A@C 6I6>A=@ &0>4>?09?0>72:/ F q )C:>2 @ 3@EX@ "?:4:2C)2FD2 q 6A@:D 56 E6C>:?25@ @ AC@8C2>2 4@=@BF6 @ D6d =64E@C 56 AC@8C2>2D ?2 A@D:YX@ m '?:; q 3C2 2 A@CE2 i 6:I6 2 A@CE2 4@>A=6E2>6?E6 236CE2 A2C2 D642C @ :?E6C:@C 52 >VBF:?2 56 =2G2CD642C $=:2=,8,> 0 1@9LR0> '070.?:= /0 ;=:2=,8,> $=:2=,8,> /0 7,A,208 (D AC@8C2>2D DX@ C68F=25@D 2EC2GZD 5@ D6=64E@C 56 AC@8C2>2D BF6 A@56 D6C C@525@ 6> 2>32D 2D 5:C64Y_6D ( D6=64E@C 56 AC@8C2>2D ?X@ A@56 D6C 4@=@425@ ?2 A@D:YX@ :?E6C>Z5:2 6?EC6 5@:D AC@8C2>2D $=:2=,8, /0 7,A,208 49?09>4A: &0>4>?09?0>72:/ 1=4: ° )C@8C2>2 56 =2G286> :?E6?D:G@ A2C2 2=8@5_6D C6D:DE6?E6D C@FA2 56 4@C @F =:?9@ 2C82 >VI:>2 <8 $=:2=,8, /0 7,A,208 49?09>4A: .:8 ;=MU7,A,208 ° &0>4>?09?0>72:/;=07,A, )2C2 C@FA2 >F:E@ DF;2 4@> ?^5@2D 6 A2C2 C@FA2 56 EC232=9@72E@D 56 >2424@ 6:E6 5@ 5@D625@C 5@ 56E6C86?E6 ?2 4W>2C2 2C82 >VI:>2 <8 $=:2=,8, /0 =:@;, /074.,/, '49?0?4.:> ° )2C2 7:3C2D D:?EZE:42D 56=:4252D E64:5@D >6D4=25@D @F =:?9@D /6=@4:5256 56 46?EC:7F82YX@ C65FK:52 G:E2 2 7@C>2YX@ 56 G:?4@D 2C82 >VI:>2 <8 $=:2=,8, /0 7,A,208 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6=Z4EC:42 AC64:D2C 56 D6C 2=E6C25@ :DD@ D^ 56G6 D6C C62=:K25@ A6=@ D6CG:Y@ A^DdG6?52 'X@ FE:=:K6 GVC:2D 7:492D4@?64E@C6D 6@F 423@D 56 6IE6?DX@ .E:=:K6 2A6?2D 5:D;F?E@C6D BF6 7F?4:@?6> 4@> 4@CC6?d E6 6 BF6 E6?92> 2 D68F:?E6 >2C42YX@ 'X@ E@BF6 ?2 7:492 4@> 2D >X@D >@=9252D )FI6 D6>AC6 A6=2 A682 52 7:492 A2C2 2 C6E:C2C 52 E@d >252 6=Z4EC:42 H9/4.0 =084>>4A: 46DD^C:@D DE2?52C5 >24:25@C BF64:>6?E@ 32:I@ BF64:>6?E@ ?@C>2= DD:DE[?4:2 2A^DdG6?52 G2C:2 ?496C 4@> 56E6C86?E6 DE25@ 5@ AC@8C2>2 E:BF6E2D @>32 56 32CC6=2 @>362C @EX@ 46?EC:7F8 "?:4:@)2FD2 CVA:5@ D642C h @E_6D 2?46=2C AC@8C2>2 2C82D >VI:>2D 56 C@FA2 6?EC:7F8 ^5:8@ 56 6CC@ @>AC:>6?E@D 56 423@D 6 >2?d 8F6:C2D 25@D D@3C6 @ 4@?DF>@ 6E6C86?E6 6E6C86?E6 6> A^ 6E6C86?E6 =\BF:5@ :>6?D_6D A2C6=9@ 6?42DEC25@ A2C6=9@ ?X@ 6?42DEC25@ :DA@D:E:G@D 56 AC@E64YX@ 5FC2?E6 @ EC2?DA@CE6 @D62C @ 56E6C86?E6 C6?286> 56 V8F2 C6?2C 2 V8F2 FC6K2 52 V8F2 :=EC@ ?2 >2?8F6:C2 56 25>:DDX@ 56 V8F2 :> 5@ AC@8C2>2 ,6> 46?EC:7F82YX@ 7:?2= F?Y_6D 2G6E2 A2C2 56E6C86?E6D @>2 C2FD 56 DF;:5256 ">6CDX@ "?\4:@ "?\4:@ C6E2C525@ "?:4:@)2FD2 #2?6=2 56 :?DA64YX@ $:E 56 =:82YX@ %X %2G286> 4FCE2 %2G2CD642C % ,642?5@D642C ,642C J %:82YX@ 56 V8F2 %:82YX@ 6=Z4EC:42 %:82C %:>A6K2 6 4@?D6CG2YX@ @>32 %:>A6K2 6 4F:525@D @CA@ 6 DFA6C7\4:6 7C@?E2= :=EC@ ?2 >2?8F6:C2 56 25d >:DDX@ 56 V8F2 2G6E2 A2C2 56E6C86?E6D +6>@G6C @ 42=4VC:@ -2>3@C %:?8F6E2D %:I\G:2 %@42= 56 :?DE2=2YX@ %FK6D 52D @AY_6D 46?EC:7F8 "?\4:@ E6C>:?25@ D642?5@D642C D642C J ! &2?8F6:C2 BF2DE@A &VBF:?2 56 =2G2CD642C C@FA2 &65:52 4@CC64E:G2 &@=56 52 A@CE2 " ':G6=2C '@G2 D6=64YX@ # & ( (AY_6D 25:4:@?2:D "?\4:@ 9 +VA:5@ I +VA:5@ +6>@G6C ?^5@2D +6D:DE6?E6D2=8@5 +@FA2 6?492C4252 +@FA2 DF;2 AC6A2C2C D6A2C2C C@FA2 DF;2 C6>@G6C -6>A6C2EFC2 56 D64286> -6>A@ 2EZ 2@ 7:?2= -6>A@C:K2YX@ 5@ :?\4:@ -6>A@D 56 D64286> -6C>:?25@ -:?EFC2C:2 -@C46C -C2?DA@CE2C 2 >VBF:?2 56 =2G2CD642C $ )2:?6= 56 4@?EC@=@ )2:?6= 5@ G:D@C )@CE2 3C:C )@CE:?9@=2 56 :?DA64YX@ )C:>6:C2 =2G286> )C@5FE@D A2C2 C6>@YX@ 56 ?^5@2D )C@8C2>2 =E6C2C 2?46=2C "?E6CC@>A6C ,6=644:@?2C )C@8C2>2D %2G2CD642C ,^ 56 =2G286> ,^ D64286> )C@8C2>2D 56 =2G286> '@G2 D6=64YX@ ,6=644:@?2C )C@8C2>2D 56 D64286> )C@8C2>2D 6DA64:2:D >24:25@C @>362C @>2 ">6CDX@ %:I\G:2 -:?EFC2C:2 ' ,64286> :?E6?D:G2 ,642C ,642C J ,652 ,6=64E@C 56 AC@8C2>2D ,6> 46?EC:7F82YX@ 7:?2= ,:?2= 24`DE:4@= ,:?EZE:4@D ,:DE6>2 56 56E64YX@ 56 56D6d BF:=\3C:@ 56 42C82 ,^ 56 =2G286> ,^ D64286> ) .E:=:K2YX@ * /6=@4:5256 56 C@E2YX@
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