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

"#$!%&'&!()!#*+#,(#!)-./0123

! " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

#$%&'()*$+'&+,)&-(./&01(+

)23425+,6578692+

,8:2+&4;<96=2>+,?6+@2A2+B8+$9C?5B?+

D?4?+B24+&4;<96=24+&B6=29?+EEEFG?4?B2484;696=24FG2HF39+

I+!JKJ+" %9?46:+

EEEF:CL84;696=?F29MF39

N " $8#*:"!(8&:*&'!*;"&<*=)"&

SABEDORIA DE PRETO-VELHO

ROBSON PINHEIRO

PELO ESPÍRITO

PAI JOÃO DE ARUANDA

O " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

Índice!

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

01"!2&*&!'3!1%(#'1 "#$% %45647!0879:8;4 !!+,-. <!

01"! 2&*&! '3! 1%(1#'1& '()*#& +(& ,-($*.$,& /(0#& 12/3$4*#! =7-:>4!"7,?84 5 "246#7$,84,&+( @:47A;B4!CD8>:; !!+,-. E!

F1G3'&%"1!'3!0%3$&HI3@J& !!+,-. K&9&8#$:,&+,&8;&

"#22(2&

<&=$.>(!"#&

"($+,2&

?(/$4@(A+,&

974*,:B#&(&,A24(+,+(&

C,-(+#$,&

=,*4D(4$#&+,&,0@,&

E(4&+(&6,.2,&(&(8(4*#&F&@#+,&,8$46,A,&

"$(*#5D(0G#&

"$(*#5D(0G#&/#$&H.IJ&

K(A2,7(4$#&(A*$(&+#42&@.A+#2&

K(+#&+,&@#$*(&

16#0#74,&@.0,*,&

L(2,/(7#&

"$(6#A6(4*#2&

<&M,$+4A(4$#&+,&D4+,&

?(80()#&+(&L(.2&

=#@(A*N$4#2&

K#+($A4+,+(&(&2./($,:B#&

=$42(2

P " $8#*:"!(8&:*&'!*;"&<*=)"&

Introdução+

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

^24=9?.48+G2H2+CH+?5G6A2+58M92S+3?93?+8+G?38:24+ 39?5G24S+8H+M89?:+G2H+CH+:?9M2+4299642F+/84=8+=8952+HC6=2+?:657?B2S+?G2H;?57?B2+B2+G9CG6Q6[2S+4<H32:2+B?+656G6?\A2+ 84;696=C?:S+ 8+ B?+ 385M?:?+ TC8+ B852H65?+ G?96B?B8S+ 98;98485=?\A2+ B8+ 4C?+?C=296B?B8+H29?:+8+8[;896_5G6?F+

^658692S+ Q6:72+ B8+ &V896:B?+ %?=64=?S+ )23425+ ,6578692+ G25V6V8+ G2H+ 4C?+H8B6C56B?B8+ B84B8+ ?+ 65Q`5G6?S+ TC?5B2+ G2578G8C+ 2+ &4;<96=2+ ,?6+ @2A2+ B8+$9C?5B?+?=9?VU4+ B8+ 4C?+ HA8F+ $;a4+ G2578G89+ 2+ &4;696=64H2S+ 8H+ KbRbS+ 98G83896?+ CH?+G2HC56G?\A2+B8+4C?+HA8+?=9?VU4+B?4+HA24+B8+D76G2+c?V689F+&[;9844?V?+2+B848Y2+B8+B?9+;92448MC6H85=2+?2+=9?3?:72+B8+?C[<:62+TC8+98?:6L?9?+TC?5B2+85G?95?B?F+W?4G896?+?446H+ ?+ #2G68B?B8+ &4;<96=?+ &V896:B?+ %?=64=?S+ 654=6=C6\A2+ 25B8+ )23425+ ,6578692+ 48+B8B6G?+ ?+ ?=6V6B?B84+ 42G6?64+ 8+ H8B6d56G?4F+ eC5B?B29+ =?H3UH+ B?+ f56V8946B?B8+ B2+&4;<96=2+8+B?+D?4?+B24+&4;<96=24+&B6=29?S+=8H+B6V89424+=<=C:24+H8B6d56G24+;C3:6G?B24S+=2B24+ G2H+ 24+ B6986=24+ ?C=29?64+ B2?B24+ ?24+ ;92Y8=24+ B8+ ?\A2+ 42G6?:F+ $=C?+;92Q644625?:H85=8+8H+48C+G254C:=a962+B8+=89?;6?+72:<4=6G?S+8H+%8:2+1296L25=8S+^gF+

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`5=6G24+ B24+ 84G9?V24S+ G2H85=?B24+ ;8:2+ HUB6CH+ )23425+,6578692S+ TC8+ 8:CG6B?+ 48C+ 46M56Q6G?B2+ 84;696=C?:+ 8+ 24+ 6:C4=9?+ G2H+ G?424+ V6V6B24+BC9?5=8+24+NJ+?524+B8 G25V6V_5G6?+G2H2+84;<96=2+?H6M2F

h " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

PAI JOÃO DE ARUNDA&"#$% %&GF&#!0"#J3"%&!

#$%&'()*$+'&+,)&-(./&01(+4C9M6C+?+;?9=69+B8+B6X:2M24+G2H+2+&4;<96=2+@2A2+D23dS+2+?H6M2+H?64+G2578G6B2+G2H2+,?6+@2A2+B8+$9C?5B?F+$:UH+B6442S+98d58+H854?M854+B8448+&4;<96=2+TC8+V689?H+?=9?VU4+B8+H657?+Q?:?+2C+84G96=?+H8B6d56G?F+(+G2H;?578692+84;696=C?:+ 48+ Q8L+G2578G89S+;96H869?H85=8S+?=9?VU4+B?+H8B6C56B?B8+B8+H657?+HA8S+&V896:B?+%?=64=?F+

'C9?5=8+ ?+ H657?+ YCV85=CB8S+ 5?+ BUG?B?+ B8+ KbRJS+ TC?5B2+ 8C+ ?65B?+ H8+85G25=9?V?+ :6M?B2+ i+ 6M98Y?+ 8V?5MU:6G?S+ =6V8H24+ G25=?=2+ G2H+ 2+ 84;<96=2S+ TC8+ 48+B852H65?V?+$:Q98B+)C448::F+*B85=6Q6G?V?.48+G2H2+CH+HUB6G2+529=8.?H896G?52S+TC8+7?V6?+V6V6B2+5?4+G2:j56?4+B2+4C:S+?65B?+52+;89<2B2+84G9?V2G9?=?F+'9F+$:Q98B+)C448:+Q29? 72H8H+B8+HC6=?4+;24484S+485729+B8+84G9?V24F+'8+V2:=?+i+;X=96?+84;696=C?:S+;8B6C+;?9?+ 9885G?95?9+ G2H2+ 58M92F+ $+ ;8:8+ 84GC9?+ :78+ B?96?+ 2;29=C56B?B8+ B8+ 48+ 98B6H69+;89?5=8+ ?+ ;9a;96?+ G254G6_5G6?+ "+ 8[;896H85=?96?+ ?+ 84G9?V6BA2+ B2+ 2C=92+ :?B2+ B?+G763?=?F+$;29=2C+52+%9?46:+;29+V2:=?+B8+KRPNS+V65B2+B8+0C?5B?S+5?+ZQ96G?S+4C?+=899?+5?=?:F+W24+G2TC869?64+;895?H3CG?524+;jB8 98Q?L89+84G2:7?4+B2+;?44?B2+8S+;96V?B2+B?+:6389B?B8+ 8+ B2+ ?G8442+ i+ 654=9C\A2+ TC8+ =6V89?S+ G2578G8C+ B8+ ;89=2+ ?+ kH84=9?l+ B29F+$65B?+72Y8+,?6+ @2A2+ 98Q:8=8+?+ 984;86=2+B2+42Q96H85=2>+k$+B29+U+CH+ 654=9CH85=2+B8+'8C4+HC6=2+H?64+8Q6G685=8+TC8+,?6+@2A2F+mC?5B2+58M2+5A2+G2548MC8+=9?L89+CH+Q6:72+;?9?+24+39?\24+B8+'8C4S+85=A2+V8H+?+;92Q84429?+B29S+TC8+U+65Q?:<V8:F+&:?+48H;98+=9?L+24+Q6:724+B8+V2:=?+;?9?+24+G?H65724+B2+,?6lF

R " $8#*:"!(8&:*&'!*;"&<*=)"&

Pai João de Aruanda&'()*#&+(&,-($*.$,&/(0#&(2/3$4*# =#L3@&!"#MN"&&

"246#7$,84,&+( @3&#1%'&!CO"@3% (@&OPQRPSRRTU&

^84H2+2+58M92+H?64+V696:+5A2+G24=CH?V?+BC9?9+HC6=2+5?+:?V2C9?+B8+G?5?.+B8.?\dG?9S+ =2B?V6?S+ V6V8C+H?64+ B8+ PJ+?524F+'86[2C+ B264+ Q6:724S+ TC8+ 65=92BCL69?+52+G2578G6H85=2+B2+;2B89+=89?;_C=6G2+B?4+89V?4F+

$;a4+GC9=?+;89H?5_5G6?+52+;:?52+8[=9?Q<46G2S+9885G?95?+5?+%?76?+B8+-2B24+24+ #?5=24+ 8H+ Kn!nF+&4;<96=2+ 98B6H6B2S+ TC8+ 42C38+ 8[=9?69+ B?+ B29+ 8+ B?+ ;96V?\A2+ ?4+:6\]84+ 58G844X96?4S+ @2A2+ D23d+ 84G2:7896?+ 52V?H85=8+ ?+ ;8:8+ 58M9?+ G2H2+ Q29H?+ B8+?;985B6L?B2+ 423+ 2+ 6H;?G=2+ B?+ G763?=?+ V6V896?+ 8[;896_5G6?4+ TC8+ :78+ Q29=?:8G89?H+B8Q656=6V?H85=8+2+G?9X=89F+W84=?+8[;896_5G6?+Q<46G?S+7?V6?+G25TC64=?B2+2+984;86=2+B24+48C4+ B84B8+ ?+ H?=C96B?B8o+ G2H2+ ?5G6A2S+ =2952C.48+ G2578G6B2+ 5?4+ 98B25B8L?4S+98V8985G6?B2+;29+48C4+G2578G6H85=24+ Q6=2=89X;6G24S+8H+G25=?=2+G2H+24+GC:=24+?Q92.+39?46:86924+B?+5?\A2+p8=2S+?H;:62C+4C?+7?36:6B?B8+52+H?58Y2+B?4+89V?4+8+B?+H?M6?S+B?4+ TC?64+ 8[=9?6C+ =2B2+ 2+ ;2=85G6?:+ GC9?=6V2F+ -9?3?:72C+ 8H+ Q?V29+ B?+ G2HC56B?B8S+98:8H39?5B2+ 48C+ ;?44?B2+ 5?+H8B6G65?S+ 8+ ?446H+ 98V84=6C.48+ 8+ ;92QC5B?+ ?C=252H6?+H29?:F+

WA2+Q?L+HC6=24+?524S+=6V8+G25=?=2+G2H+CH+98;98485=?5=8+B8+CH+=8998692+5?+%?76?+TC8S+8H+4C?4+H8Ha96?4S+MC?9B?+?4+764=a96?4+B8+CH+;?6.B8.4?5=2+G7?H?B2+,?6+@2A2F+W2+?H3685=8+98;:8=2+B8+H?M6?+8+46H32:2M6?+B2+465G98=64H2+?Q92.39?46:8692S+,?6+@2A2+Q29Y2C+4C?+H?=C9?\A2+84;696=C?:F+

'8485G?952C+ 52+ ?52+ B8+ KbJJS+ V<=6H?+ B8+ Q8398+ ?H?98:?S+ ?;a4+ B6:?=?B2+;89<2B2 B8+G25V?:84G85\?S+?24+R!+?524+B8+6B?B8F+

$;98485=?.48+i+V64A2+84;696=C?:+G2H2+72H8H+58M92+B8+?;92[6H?B?H85=8+hJ+?524+B8+6B?B8S+85V2:V6B2+5CH?+?C9?+4C?V8S+G2H+=25?:6B?B84+TC8+VA2+B2 924?+?2+:6:X4F+%?93?4+8+G?38:24+?342:C=?H85=8+?:V24+G25=295?H.:78+?+Q?G8S+8H+M89?:+H?9G?B?+;29+CH+:?9M2+4299642F+#C?+Q6MC9?+U+?2+H84H2+=8H;2 6H;2585=8+8+465M8:?F+D24=CH?+V84=69+CH+ =8952+HC6=2+ 38H+ ?:657?B2S+ ?G2H;?57?B2+ B8+ B264+ ?G844a9624>+ 2+ G9CG6Q6[2S+ TC8+46H32:6L?+=?5=2+2+42Q96H85=2+B2+;?44?B2+G2H2+?+?4G854A2+84;696=C?:S+8+?+385M?:?+q+i+ TC?:+ BX+ 2+ 4CM84=6V2+ 52H8+ B8+ G?96B?B8S+ TC8+ 98;98485=?+ ?+ ?C=296B?B8+ H29?:+ 8+ ?+8[;896_5G6?+B2+?5G6A2F+

D2H2+ &4;<96=2+ ;92=8=29S+ 4C?4+ ?BV89=_5G6?4+ 8+ 48C4+ G2548:724+ 48H;98+ 48

n " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

H24=9?9?H+4X3624F+$=9?VU4+B?+H8B6C56B?B8+B8+H657?+HA8S+&V896:B?+%?=64=?S+H?9G?V?+;98485\?+ 5?4+ 729?4+ B8+ H?629+ M9?V6B?B8F+ e26+ 4C?+ HA2+ Q29=8+ 8+ G2H;?57869?+ TC8+?H;?92C+H657?+HA8S+524+ B84?Q624+ ;8GC:6?984+ ?+ CH?+HC:789+ B2+ 65=89629+ B?4+^65?4+g89?64+ TC8+ G962C+ KO+ Q6:724S+ 85=98+ 8:84+ b+ ?B2=6V24S+ BC9?5=8+ =2B?+ ?+ V6B?+ 98G8385B2+H8524+B8+CH+4?:X962+H<56H2F+

$+46H;:6G6B?B8+B?4+;?:?V9?4+;29+8:8+C=6:6L?B?4+Q26+?24+;2CG24+M?57?5B2+H8C+984;86=2+ 8+ ?BH69?\A2F+ $+ G289_5G6?+ B8+ 48C4+ 8546524+ 489V6C+ ;?9?+ ?CH85=?9+ H657?+G25Q6?5\?+ 5?+ &4;696=C?:6B?B8F+ ,?6+ @2A2+ U+ &4;<96=2+ ?H6M2+ 8+ G2H;92H8=6B2+ G2H+ ?+V89B?B8+8+2+38HS+TC8+Y?H?64+524+?3?5B25?>+ke6:72+B8 ,?6+@2A2+3?:?5\?S+H?4+5A2+G?6F+&+48+G?69S+58M2+YX+84=X+52+G7A2+7X+HC6=2 =8H;2+;?9?+?H;?9?9+8+?H29=8G89+?+TC8B?lF+

#8V892S+?C=_5=6G2S+V89?L+B84B8 2+65<G62+B?4+?=6V6B?B84+B8+5244?+654=6=C6\A2S+?+#2G68B?B8+&4;<96=?+&V896:B? %?=64=?S+8H+Kbb!S+=8H.48+Q86=2+H?9G?5=8H85=8+;98485=8F+

,?6+@2A2+=9?54329B? 584=?4+;XM65?4S+TC8+8[;9844?H+?:MC54+B8+48C4+G2548:724+8+ ?BV89=_5G6?4S+ TC8+ =_H+ Q86=2+ ?+ =2B24+ 98Q:8=69+ 3?4=?5=8F+ #A2+ ;?:?V9?4+ 46H;:84S+984C:=?B2+ B8+ 4C?+ 8[;896_5G6?+ B8+ V6B?+ 5?B?+H?64F+^?4+ TC8+ =8H+ ;92V2G?B2+ M9?5B84+=9?54Q29H?\]84+8H+5244?+H?5869?+B8+;854?9+8 ?M69F+

(+ &4;<96=2+ &V896:B?+ %?=64=?+ ;46G2M9?Q2C+D$)$/$W$+ '&+ 0fr+ ?=9?VU4+ B8+)23425+,6578692S+:6V92+:?5\?B2+8H+Kbbn+;8:?+D?4?+B24+&4;<96=24+&B6=29?F+(+&4;<96=2+?H6M2+=9?54Q29H?+:?H85=?\]84+8H+G?5=6M?4S+8+B29S+8H+4?:H24F+'6V894?4+V8L84+=8H+48+H?56Q84=?B2+G?5=?5B2+48C4+V89424S+TC8+=9?L8H+H854?M854+B8+QUS+84;89?5\?+2C+?:89=?+;29+=9X4+B?+?;?985=8+652G_5G6?+B?4+;?:?V9?4F+W?4+H8=XQ29?4+;98485=84+5?4+G?5=6M?4+48+84G25B8+ ;92QC5B2+ 46M56Q6G?B2S+ TC8+ ;92GC92+ G2H85=?9+ 8+ 65=89;98=?9S+ G25Q29H8+ 8:8+H84H2+H8 65B6G2C+8+854652CF &4=8+U+CH+=9?3?:72+84G96=2S+B8+Q?=2S+?+TC?=92+HA24F+

'8+H657?+;?9=8S+84;892+=9?L89+;?9?+24+:86=2984+CH+;2CG2+B?+524=?:M6?+8+B?+;2846?+465M8:?S+G?32G:?+8+H?=C=?+B2+;?6.V8:72S+B2+HUB6G2+8+B2+?H6M2S+TC8S+B84B8+2+G?=6V8692S+ =8H+ 48+ 84Q29\?B2+ ;29+ G2H;?9=6:7?9+ G2524G2+ CH+ ;2CG2+ B?+ 4?38B296?+465MC:?9+B8+CH+;98=2.V8:72F

b " $8#*:"!(8&:*&'!*;"&<*=)"&

SABEDORIA de preto-velho+

s+4a+'8C4S+U+4a+'8C4S+mC8H+;2B8+H?64+U+'8C4F+s+4a+'8C4S+U+4a+'8C4S+( H?629+B8+=2B24+U+'8C4F+(+H?9+=8H+?986?S+$+-899?+=8H+G6_5G6?S+^?4+:X+52+GUC+=8H+'8C4S+mC8+BX+=2B?+?+;92V6B_5G6?F+mC8H+;2B8+U+'8C4S+H8C+485729S+( H?629+U+'8C4F+

tD`5=6G2+B24+84G9?V24u

KJ " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

$+Q29\?+B?+QU+

)(%#(W+,*W1&*)(+

ks+4a+'8C4S+U+4a+'8C4S+TC8H+;2B8+H?64+U+'8C4lF+

W8448+ G?5=2+ ;2U=6G2S+ V_.48+ ?+ :?H85=?\A2+ B24+ 58M924+ 52+ G?=6V8692S+8[;9844?5B2+4C?+QU+8H+'8C4+8+52+QC=C92S+HC6=?4+V8L84+5C3:?B2+;8:2+42Q96H85=2F+,?6+@2A2+ B8H254=9?+ CH?+ 84;89?5\?+ ;92QC5B?+ 5?+ H64896Ga9B6?+ B6V65?+ 8+ 98:8H39?+ 2+;?44?B2+423+2+46M52+B?+84G9?V6BA2S+48Y?+5?4+Q?L85B?4+B8+,895?H3CG2+2C+5?4+=899?4+3?6?5?4F+#2H85=8+G2H+2+?:6H85=2+B?+ QU+ Q26+;244<V8:+ 4C;29=?9+?+G763?=?+8+?+B29S+?2+:?B2+B?+8[G:C4A2+8+B2+;98G25G86=2S+?Q69H?+8:8F+

@2A2+ D23d+ Q?L+ ;2846?+ G2H+ 4C?+ B29+ 8+ ?446H+ 654;69?+ 524+ 48C4+ =C=8:?B24+ ?+H84H?+G89=8L?+TC8+8:8+B8485V2:V89?+5?+;92V6B_5G6?+B6V65?F+

mC?5B2+ 2CV6+ ,?6+ @2A2+ G?5=?9+ 844?+ G?5\A2+ ;8:?+ ;96H869?+ V8LS+ 84=XV?H24+;?44?5B2+ ;29+H2H85=24+ B6Q<G864+ 5?+ G25BC\A2+ B24+ =9?3?:724+ 84;696=C?64+5?+D?4?+ B8+&V896:B?+%?=64=?F+@X+7?V<?H24+;854?B2+HC6=2+8+=85=?B2+VX96?4+Q29H?4+B8+85Q985=?9+?+46=C?\A2S+48H+4CG8442F+&9?+2+?52+B8+!JJKS+8 ;89G2996?+CH?+?V856B?+B?+G6B?B8+B8+%8:2+1296L25=8S+^gS+TC?5B2+2+;98=2.V8:72 B86[2C.48+;89G8389+G?5=?5B2S+85465?5B2.524+?+:6\A2+;98G624?+B?+QU+8+B?+;?G6_5G6?F+&+B?+G89=8L?+B8+TC8S+TC?5B2+?G7?H24+TC8+'8C4+84=X+ =?9B?5B2S+ 8:8+ YX+ 48+ ?B6?5=2C+ 5a4+ U+ TC8+ 5A2+ ;89G838H24+ ?4+ 984;24=?4+ TC8+&:8+85V6?+?=9?VU4+B?+V6B?F+&448+G`5=6G2+U+CH?+84;UG68+B8+65V2G?\A2+B24+84G9?V24+i+B6V65?+;98485\?S+38H+G2H2+?+?Q69H?\A2+B?+;98485\?+B8+'8C4+8H 5a4F+

(4+ G`5=6G24+ Q29?H+ 98;92BCL6B24+ 8H+ 4C?+ Q29H?+ 296M65?:S+ 48H+ 98V64A2S+H?5=85B2.48+ Q6B8:6B?B8+ i+ Q29H?+ G2H2+ 89?H+ G?5=?B24+ ;8:24+ 84G9?V24S+ TC8S+ 8H+ 4C?+M9?5B8+H?6296?S+5A2+=6V89?H+?G8442+i+654=9C\A2+Q29H?:F

KK " $8#*:"!(8&:*&'!*;"&<*=)"&

,24484+

,$*+@(v(+'&+$)*@$W'$+

#8+2+B8484;892+?H8?\?+ =2H?9+G25=?+B8+V2G_S+TC8+ =?:+ 9842:V89+B8+ V8L+844?+4C?+B6Q6GC:B?B8w+

&448+=6;2+B8+485=6H85=2+65Q8:6L+U+2+984C:=?B2+B?+4C?+Q?:=?+B8+QUF+WA2+B?TC8:?+QU+B8+TC8+HC6=24+Q?:?H+;29+?<F+s+QU+8H+CH+6B8?:S+QU+52+QC=C92F+e?:=?+?+V2G_+?+G29?M8H+B8+:C=?9+8+?+B8G64A2+B8+;92448MC69+?;84?9+B8+=2B?4+?4+B6Q6GC:B?B84F+

(4+H8C4+Q6:724+48+B8484;89?H+G2H+HC6=?+Q?G6:6B?B8F+s+729?+B8+?;985B898H+CH ;2CG2+G2H+?+V6B?F+

'6?5=8+B2+42Q96H85=2+;8:?+;244636:6B?B8+B?+;?9=6B?+B8+CH+?Q8=2S+2+B8484;892+48+ 654=?:?S+ U+ 729?+ B8+ =9?3?:7?9+ 2+ B84?;8M2F+ Wa4+ 5A2+ 42H24+ B2524+ B8+ 565MCUHF+W857CH+489+7CH?52+U+;92;968B?B8+B8+2C=92F+$G29B8S+42996?+H8C+Q6:72F+(+=8H;2+B?+84G9?V6BA2+YX+;?442CF+,29+TC8+48+H?5=89+?:M8H?B2+?+;8442?4S+23Y8=24+2C+654=6=C6\]84+7CH?5?4w+x4+ V8L84+ V2G_4+ 48+ B8484;89?H+;29TC8+ YC:M?H+ Q?:=?9+ 98GC9424+H?=896?64F+*442+U+?34C9B2S+H8C4+Q6:724F+

&4=X+ 5?+ 729?+ B8+ 85=85B89+ TC8+ ?+ V89B?B869?+ ;2448+ U+ Q9C=2+ B2+ =9?3?:72F+ #8+Q?:=?9+?:MCH?+G264?+U+;29TC8+V2G_+5A2+=9?3?:72C+2+4CQ6G685=8S+5A2 ;8948V892C+8H+4C?+;92;24=?+ 2CS+ 85=A2S+ TC?5B2+ =8V8+ ?+ 2;29=C56B?B8+ B2+ =89S+ 5A2+ 42C38+ 8G252H6L?9S+98489V?9+2C+HC:=6;:6G?9F+

$+V6B?+524+85465?+TC8+?TC6:2+TC8+YC:M?H24+;244C69S+5a4+=8H24+TC8+B6V6B69+85=98+ 24+ H?64+ 58G8446=?B24S+ 42H?5B2+ 84Q29\24+ ;?9?+ HC:=6;:6G?9+ 24+ 984C:=?B24S+B6H65C65B2+?4+;98=854]84S+;?9?+8[89G6=?9+2+B84?;8M2F+

(9?S+H8C+Q6:72S+2+B8484;892+U+2+984C:=?B2+B8+CH?+V64A2+899?B?+B?+V6B?F+,?98+8+;8548F+&9M?+?+G?38\?S+TC8+8:?+5A2+Q26+Q86=?+?;85?4+;?9?+Q6G?9+G786?+B8+

H62:24S+5A2F+,8548S+29M?56L8+24+48C4+;854?H85=24F+)829M?56L8+?+4C?+V6B?+8+G25=65C8+?5B?5B2F+^84H2+B8V?M?9L6572S+?5B8F+

WA2+48+;89H6=?+Q6G?9+;?9?B2F+'8C4+?385\2?S+H?4+U+;98G642+=89+G29?M8H+;?9?+?+H?629+8[;896_5G6?+B2 HC5B2+TC8+U+V6V89F+

#8H;98+7X+CH?+42:C\A2F+WA2+8[64=8+B29S+42Q96H85=2+2C+H?:+TC8+5A2+=9?M?H+2+48C+85465?H85=2S+5A2+7X+;923:8H?+TC8+5A2+=857?+?+984;24=?+G89=?+B? V6B?F+

&C+ =8572+ H8C+ G9CL8692+ B8+ ?\2+ 8+ 58:8+ 8C+ =8572+ 485=6H85=2S+ ;29TC8+ 524+39?\24+B?+G9CLS+8C+;984=2+2+H8C+YC9?H85=2F+'8C4y+'8C4+B8+?H29FFF+

&:8+U+986+B24+9864S+H84=98+B24+H84=984S+^UB6G2+B8+HUB6G24S+485729+B8 485729S+B2C=29+B8+B2C=29FFF

K! " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

(+D9CL869 2+

)(%#(W+,*W1&*)(+

$;98485=2C.48+i+H657?+V64A2+84;696=C?:+CH+V8:72+48MC9?5B2+CH?+G9CLS+8H+;U+5?+;29=?+B?+485L?:?F+'8+48C4+2:724+B899?H?V?H.48+:XM96H?4+8+5A2+;CB8+G25=89+?4+8H2\]84+TC8+?+V64A2+;92V2G2CF+'?+G9CL+TC8+2+V8:72+48MC9?V?+699?B6?V?+65=854?+:CLS+8+4C?4+ :XM96H?4+ G?<?H+ 5?+ =899?F+ $+ G?B?+ =2TC8+ B?+ :XM96H?+ 52+ G7A2+ 5?4G6?+ CH+ :<962S+;8TC852S+;29UH+;89QCH?B2F+#85=6+?+65=8546B?B8+B?+Q9?M9`5G6?+8+2CV6+2+?5G6A2+85=2?9+?+H8:2B6?+TC8+?65B?+72Y8 =9?M2+6H;9844?+5?+H8Ha96?F+

^?64+ =?9B8S+ ,?6+ @2A2+ H8+ Q?:2C+ TC8S+ G2H+ ?+ V64A2S+ 8:8+ TC896?+ 8V2G?9+ 2+42Q96H85=2+B2+G?=6V8692+8+B86[?9+CH?+H854?M8H+98M64=9?B?+8H+H657?+?:H?F+#8MC5B2+8:8S+?+G9CL+46H32:6L?V?+2+42Q96H85=2+G2=6B6?52+TC8+?65B?+U+?+Q29H?+B8+?4G854A2+52+;:?58=?+-899?F+(+G?5=2+98;98485=?V?+?+58G8446B?B8+B8+8:8V?\A2+B?+?:H?S+CH?+Q29H?+B8+=9?54Q29H?9+2+G76G2=8+B2+Q86=29+8H+654=9CH85=2+B8+8:8V?\A2+84;696=C?:F+W24+39?\24+B?+ G9CLS+ 8:8+ ;984=?V?+ 2+ YC9?H85=2+ B8+ ;89H?58G89+ Q68:+ i+ 4C?+ QU+ 8+ ?+ 46+H84H2F+WA2+G2992H;896?+ 4C?+?:H?S+H84H2+B6?5=8+B?+B29F+,?6+ @2A2+?3?5B252C+48C+ G29;2+ Q<46G2+8:8V?5B2.48+ ;8:2+ =9?3?:72+ 8+ 98B6H65B2.48+ G2H+ 2+ 42Q96H85=2+ 8+ 2+ ?;985B6L?B2+ B8:8+B8G29985=8F+ D2H;9885B8C+ ?4+ 9?L]84+ B?+ V6B?+ 48H+ 85=98M?9.48+ i+ ?C=2G2H6489?\A2S+?G86=?5B2+=CB2+G2H+9846M5?\A2S+48H+;89B89+?+B6M56B?B8F+

fH?+:8=9?+46H;:84S+CH?+H8:2B6?+TC8+8V2G?+4?CB?B84F+&64+2+TC8+@2A2+D23d+H8+854652CS+G?5=?5B2+4C?+B29+8+Q?:?5B2+B8+'8C4F+'2+'8C4+TC8+GC9?S+TC8 :6389=?S+TC8+8BCG?+ 8+ TC8+ =8H+ ?C=296B?B8+ 4CQ6G685=8+ ;?9?+ =9?54HC=?9+ 5244?4+ 8[;896_5G6?4+ 8H+Q899?H85=?4+B8+8:8V?\A2+8+5244?4+B2984S+8H+?:8M96?4 ;89H?585=84F

KN " $8#*:"!(8&:*&'!*;"&<*=)"&

,89B?4+

,$*+@(v(+'&+$)f$W'$+

g9?5B84+;89B?4+i4+V8L84+46M56Q6G?H+M9?5B84+B8G8;\]84F+^?4+G2H2+;89B8H24+?TC6:2+TC8+5A2+U+52442w+^8C4+Q6:724+YC:M?HS+i4+V8L84S+

TC8+ ;89B89?H+ CH+ 85=8+ TC896B2+ ;8:?+ H29=8F+ ^?4+ 844?+ V64A2+ U+ 899?B?F+ #2:=8+ 2+ 48C+;?985=8+TC8+V2G_+YC:M?+H29=2F+$;985B?+?+:6389=?9+?+4C?+?:H?+8+B86[?9+TC8+8:8+V28+5?4+?:=C9?4+B8+4C?+;9a;96?+V6B?F+

^C6=24+B24+Q6:724+?G7?H+TC8+98=89+46M56Q6G?+;244C69F+&5M?52F+W?+V6B?S+2+TC8+;244C<H24+B8+V89B?B8+U+?TC6:2+TC8+B2?H24F+#8+V2G_+B848Y?9+98=89+?4+?:H?4+TC896B?4S+?=9?VU4+ B8+ 4C?4+ 8H2\]84+ 8+ 485=6H85=24+ B848TC6:639?B24S+ V2G_+ 48+ =9?54Q29H?+ ?24+;2CG24+8H+;8B9?+B8 =92;8\2+;?9?+?TC8:84+TC8+V2G_ B6L+?H?9F+

$H29+5A2+U+;2448F+$H?9+U+B2?9S+U+:6389=?9S+U+;89H6=69+TC8+2+2C=92+=857?+?+2;29=C56B?B8+B8+84G2:789+8+=96:7?9+2+G?H6572+TC8+:78+U+;9a;962F+$H?9+U+;89H?58G89+?H?5B2S+H84H2+4?385B2+TC8+24+G?H65724+84G2:76B24+4A2 B6Q8985=84+B2+52442F

KO " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

)8;9 6H85B?+

)(%#(W+,*W1&*)(+

,?6+ @2A2+ =8H+ CH?+ Q29H?+ =2B?+ 84;8G6?:+ B8+ 524+ G7?H?9+ ?+ ?=85\A2+ TC?5B2+2;=?H24+ ;29+ CH+ G?H6572+ 8TC6V2G?B2F+ &H+ V8L+ B8+ Q?:?9+ B698=?H85=8+ 8+ B8+ Q29H?+98;988546V?S+ 2+ &4;<96=2+ 524+ Q?:?+ G?5=?5B2F+ D89=?+ V8LS+ CH+ ?H6M2+ ;98G64?V?+ B8+ CH+G2998=6V2S+ 8+ 2CV6+ ?4+ G?5=6M?4+ B8+ ,?6+ @2A2F+ &9?H+ V89424+ 46H;:84S+ B8+ CH+ M9?5B8+&4;<96=2+TC8+48+84G25B6?+;29+B8=9X4+B?+92C;?M8H+B8 CH+;?6.V8:72S+V84=65B2+48C+=8952+B8+ :6572+ 39?5G2S+ =9?L85B2+ CH?+ ;8TC85?+ G9CL+ ;85BC9?B?+ ?2+ ;86=2F+ &V2G?V?H+ ?4+G264?4+H?64+G2HC54+B?+V6B?+8+B8+4C? 764=a96?+;8442?:S+G2H2+84G9?V2F+

W2+ V8942+ B64Q?9\?B2S+ ?+ Q29\?+ H29?:+ B8+ TC8H+ 5A2+ B84G2578G6?+ ?4+B6Q6GC:B?B84+B8+48C4+;C;6:24F+$2+H84H2+=8H;2S+5A2+8[;C57?+2+?;985B6L+i+V89M257?F+D?5=?5B2S+,?6+@2A2+Q?:?+B8+?H29+8+98:8H39?+:6\]84+;98G624?4+B2+&V?5M8:72F

KP " $8#*:"!(8&:*&'!*;"&<*=)"&

$M6=?\A2+8+?5468B?B8+

,$*+@(v(+'&+$)f$W'$+

/2G_+84=X+?M6=?B2S+H8C+Q6:72w+,?98G8+?546242F+-9?5TC6:6L8+ 4C?+ ?:H?F+ $446H+ V2G_+ 5A2+ 9842:V8+ ;923:8H?+ ?:MCH+ 8+ ?65B?+

G?C4?+2C=924+;62984+;?9?+V2G_+8+;?9?+TC8H+84=X+;89=2F+mC8+=?:+V2G_+48+G2578G89+CH+;2CG2+H8:729w+/2G_+ 5A2+ G2548MC8+ ?M9?B?9+ ?+ =2B24F+ W8H+V2G_+ 48+ 485=8+ 4?=64Q86=2+G2546M2+ H84H2F+ ,29+ TC8+ 48+ B83?=89+ ?446Hw+ /2G_+ 5A2+ U+ ;89Q86=2F+ ,29=?5=2S+ 5A2+?B6?5=?+ 8[6M69+ ;89Q86\A2+ B24+ 2C=924+ 2C+ B?TC6:2+ TC8+ Q?L8HF+ W8H+ V2G_+ G2548MC6C+29M?56L?9+6?+V6B?+B6986=2y+

/2G_+5A2+=8H+TC8+4?389+=CB2S+Q?L89+=CB2+2C+B6L89+?4+G264?4+G89=?4F+W65MCUH+U+G89=6572+2+=8H;2+=2B2F+

,?98+ G2H+?+ ?M6=?\A2+ CH+ ;2CG2F+ -85=8+ G?H657?9+ 8H+ V8L+ B8+ G29989F+ -85=8+B6?:2M?9+8H+V8L+B8+M96=?9F+-85=8+V89+8H+ :CM?9+B8+42H85=8+85[89M?9F+,92GC98+2CV69+8H+V8L+B8+?;85?4+84GC=?9F+

%2HS+ B8+ V8L+ 8H+ TC?5B2S+ ;?9?9S+ 485=69+ 8+ ?;985B89+ ?+ 2CV69+ 2+ G?5=2+ B24+;X44?924S+8H+V8L+B2+ 3?9C:72+B24+G?9924+2C+B24+G?57]84F+%2H+;?9?+?+?:H?+2:7?9+2+GUCS+i4+V8L84S+8+ V89+2+ 396:72+B?4+84=98:?4+2C+TC8H+4?38w+#85=69+2+;89QCH8+B8+CH?+Q:29F+ s+ 32H+ B84:6L?9+ ;8:?4+ 9C?4+ 8H+ V8L+ B8+ 48+ ?=92;8:?9+ 5?4+ G?:\?B?4F+ $5468B?B8S+?M6=?\A2+ 65=89629S+ ;9844?+ 4A2+ =9_4+ M6M?5=84+ B?+5244?+?:H?+TC8+ ;98G64?H24+ G2H3?=89+C9M85=8H85=8F+$446HS+H8C4+ Q6:724+ ?+ M85=8+ V?6+?5B?5B2+B8V?M?9L6572S+ Q?L85B2+ ?24+;2CG24S+98?L?5B2+G2H+G?96572S+H?4+48MC65B2 48H;98F+

08H398.48>+ 4C?+ ?5468B?B8+ 5A2+ 42:CG625?+ ;923:8H?+ ?:MCHF+ D2578\?+ CH+;2CG2+H?64+B8+V2G_+H84H2+8+?;985B?+?+5A2+8[6M69+B8+46+2C+B24+2C=924+?TC6:2+TC8+58H+'8C4+84;89?+?65B?+B8+V2G_F+

$M6=?\A2S+ ?5468B?B8+ 8+ 589V2464H2+ 4A2+ 24+ =9_4+ 465?64+ BG+ TC8+ V2G_+ 5A2+ 48+G2578G8 38HF

Kh " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

#?38B29 ?+

D?6=6=C+Q29?+B?+H?5?B?+s+;?;X+B8+25\?S+U+;?;X+B8+25\?+D?B_+2+H8C+G?6=6=Cw+&C+YX+V2C+3C4G?9S+8C YX+V2C+3C4G?9FF+(+;2B89+B?+8TC6;8+

)(%#(W+,*W1&*)(+

*5=89;98=2+ G89=?4+ H?5869?4+ B8+ 24+ &4;<96=24+ Q?:?98H+ ?2+ G29?\A2+ G2H2+ 48+Q2448H+ ;?9X32:?4F+ (+ ;9a;962+ @84C4+ Q?:2C+ ?=9?VU4+ B8+ :65MC?M8H+ Q6MC9?B?S+ B?5B2+V?:624?4+:6\]84+6H29=?:6L?B?4+52+&V?5M8:72F+

,?6+ @2A2+ ?;98G6?+ 2+ V?:29+ B?4+ H8=XQ29?4F+ &S+ 52=?B?H85=8S+ B8:?4+ Q?L+ C42+?=9?VU4+B8+CH?+:65MC?M8H+G:?9?+8+TC8+98H8=8+i+4C?+92C;?M8H+8 ;89425?:6B?B8+B2+8[.+84G9?V2F+

&H+ 4C?4+ 5?99?=6V?4+ 84=A2+ ;98485=84+ 8:8H85=24+ B2+ B6?.?.B6?+ B?TC8:84+ TC8+V6V8H+ CH?+ V6B?+ 46H;:84+ 48H+ 42Q64=6G?\A2F+ $4;8G=24+ B?+ 5?=C98L?S+ ?+ Q?H6:6?96B?B8+G2H+?+H?=?+8+?4+89V?4S+?+98:6M6246B?B8+?Q92.39?46:869?+8+?+V6B?+52+85M8572+G2:256?:+4A2+2+;?52+B8+QC5B2 TC8+6H29=?:6L?+?4+:6\]84+B2+;?6.V8:72S+=9?54Q29H?5B2+?4+;9a;96?4+Q29\?4+ B?+ 5?=C98L?+ 8H+ ;2846?S+ 8H+ G?5\A2+ TC8+ 8:8V?S+ 8V2G?+ 4?CB?B8S+ G2996M8+ 8+B64G6;:65?F+

D89=?+ V8LS+ ,?6+ @2A2S+ 52=?5B2+ TC8+ ?:MC54+ G2H;?5786924+ 84=?V?H+ 423+65Q:C_5G6?+ 84;696=C?:+ 5?B?+ B848YXV8:S+ TC64+ ?:89=?9+ ?4+ ;8442?4+ 85V2:V6B?4S+ TC8+ YX+84=?V?H+;?9?+48+?Q?4=?9+B2+=9?3?:72+5?+G?4?+84;<96=?+8+TC8H+4?38w+'?+G?C4?+84;<96=?F+$;?98G8C+G2H+48C+4299642+:?9M2S+V2L+;2=85=8+8S+B8+Q29H?+84;25=`58?+85=22C+?+G?5\A2+G2H+ 24+ 8:8H85=24+ TC8+ G2578G89?+ TC?5B2+ 85G?95?B2F+ (4+ G?6=6=C4S+ H?H<Q8924+ TC8+V6V8H+8H+3?5B24+BG+P+?+!J+65B6V<BC24S+;98G64?H+;89H?58G89+YC5=24+;?9?+48+B8Q85B89+B24+48C4+;98B?B2984F+$TC8:8+TC8+48+;89B8+B?+H?5?B?+U+;984?+QXG6:F+

s+CH?+?:C4A2+8V6B85=8+i+58G8446B?B8+B8+C56A2+524+H2H85=24+B6Q<G864F+#8S+5?+G2HC56B?B8+TC8+48+B8B6G?+?+CH+=9?3?:72+52398S+YX+84=?H24+4CY86=24+i4 65=8H;U9684+8+ ?2+ ?44UB62+ 84;696=C?:+ 65Q89629S+ 6H?M658+ TC?5B2+ 524+ ?Q?4=?H24+ B?+ G?C4?+ TC8+?39?\?H24F+k$+V?9?+42L657?+85V89M?+ QXG6:+8+ 48+TC839?F+(+ Q86[8+B8+V?9?4S+?H?99?B2+Q29=8S+5A2+7X+TC8H+TC8398lS+:8H39?+2+;?6.V8:72F+

(+G?6=6=C+98;98485=?+2+=9?3?:7?B29+TC8S+Q29?+B?+G2HC56B?B8S+84=X+4CY86=2+?+48+=295?9+;?;X+B8+25\?+2C+48Y?S+V<=6H?+B8 &4;<96=24+H?:+65=85G625?B24F

KR " $8#*:"!(8&:*&'!*;"&<*=)"&

D?=6V869 2+B?+?:H?+

,$*+@(v(+'&+$)f$W'$+

D?=6V8692F+,?:?V9?+B6Q<G6:S+844?F+^C6=?4+V8L84+H8C4+Q6:724+YC:M?H+TC8+2+G?=6V8692+U+42H85=8+?TC8:8+8H+TC8+

24+72H854S+M89?:H85=8+24+39?5G24S+4C3YCM?V?H+58M924+8+?+8:84+6H;65M6?H+=2B?+429=8+B8+42Q96H85=2S+B8+?G29B2+G2H+2+H?5B2+B2+485729+B24+84G9?V24F+

mC?5=2+85M?52F 1X+=?5=?4+Q29H?4+B8+G?=6V8692FFF+(+ YCM2+ TC8+ 2+ 72H8H+ 6H;]8+ 42398+ 2+ 2C=92S+ =85=?5B2+ 2;96H69+ ?4+

G254G6_5G6?4S+84;?:7?5B2+?+65Q8:6G6B?B8+B85=92+B24+G29?\]84F+(+G?=6V8692+B?4+6B86?4S+TC?5B2+2+489+48+Q?L+84G9?V2+B8+G89=24+;854?H85=24S+YX+C:=9?;?44?B24S+2C+H84H2+B?4+;9a;96?4+6B86?4S+TC8+58H+48H;98+B6M56Q6G?H TC8H+84=X+G2H+?+9?LA2F+

&[64=8+?+84G9?V6BA2+B8+CH+;2V2S+B8+CH?+9?\?S+B8+CH?+G2HC56B?B8S+B8+CH?+Q?H<:6?+ 2C+ B8+ CH+ 65B6V<BC2S+ TC?5B2+ 48+ 98GC4?+ ?+ 48MC69+ 2+ ;92M98442+ B?+ V6B?+ 8+84=?G625?+52+ =8H;2F+^?4+7X+ =?H3UH+?+ 84G9?V6BA2+ B?TC8:84+ TC8+ 48+ YC:M?H+ 4X3624S+TC8+ 98;8=8H+ G264?4+ 38:?4+ Q6:242Q6?4+ G2;6?B?4+ B8+ 2C=924+ 8+ TC8+ 4A2+ 65G?;?L84+ B8+98?:6L?9+?:M2+8H+3858Q<G62+;9a;962S+G2H2+?+=9?54Q29H?\A2+<5=6H?+B8+4C?4+=85B_5G6?4S+48C4+G24=CH84+8 6B86?4S+;264+48+?G7?H+84G9?V24+B8+46+H84H24F+

W?+V89B?B8S+2+G?=6V8692+B?+84G9?V6BA2+;2B8+=89+;?44?B2F+W2+85=?5=2S+TC8H+4?38+ *4?38:S+ ?+ ;965G84?S+ =857?+?;85?4+?389=2+ CH+ G?H6572+ ;?9?+ TC8+ 24+ 72H854+5A2+H?64+ G25=65C?448H+ G?=6V24+ B8+ 48C4+ H2B64H24S+ H8B24S+ `546?4+ 8+ ?5Md4=6?4o+ B8+ 4C?+;8TC858L+48H+485=6B2w+

s+;98G642+TC8+24+H8C4+Q6:724+48+85G?98H+52+84;8:72F+WA2+5?TC8:8+84;8:72+52+ TC?:+ G24=CH?H+ 2:7?9.48+ ;8:?+ H?57AS+ H?4+ 52+ 84;8:72+ B2+ 8CS+ 5?+ ;9a;96?+ ?:H?F+(3489V?9+48+5A2+84=A2+G2H+M96:7]84+?=?B24+5?+H85=8S+5?+?:H?+2C+52 G29?\A2F+

s+;98G642+:6389B?B8F+^?4+:6389B?B8+5A2+U+2+984C:=?B2+B8+CH+B8G98=2+2C+B8+CH?+ ?4465?=C9?+ 8H+ CH?+ Q2:7?+ B8+ ;?;8:F+ $+ V89B?B869?+ :6389=?\A2+ U+ ?+ B?+ ?:H?S+ TC8+;2B89X+ CH+ B6?+ V2?9+ :6V98+ G2H2+ ?4+ ?5B29657?4+ 52+ GUC+ B8+ 4C?+ ;9a;96?+ V6B?F+ #8H+M96:7]84S+48H+G29B?4S+48H+HC:8=?4F+

s+;98G642+V2?9+8+V2?9+?:=2S+B85=92+B8+46+H84H2F+c?5Mj+H2998C+G2H+48C+:6V92+B8+YC4=6\?S+485=?B2+5CH?+;8B9?FFF+mC8H+B8V8+;?M?S+TC8H+H898G8+98G838FFF

Kn " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

086+B8+G?C4?+8+8Q86=2+i+H2B?+?Q9 6G?5?+

)(%#(W+,*W1&*)(+

,?6+ @2A2+ Q?:?+ G2H+ 2+ G29?\A2F+ D?5=?+ G2H+ ?+ ?:H?+ 8+ 48H;98+ 524+ 85465?+ ?+=9?54Q29H?9+5244?4+B2984+8H+Hd46G?+t8H+H?5=9?4yuS+?=U+TC8+;244?H24+G2H;9885B89+2+46M56Q6G?B2+;29+=9X4+B?TC6:2+TC8+524+65G2H2B?F+

D25=?+ TC8S+ 8H+ B8=89H65?B?+ 2G?46A2S+ Q26+ ;92GC9?B2+ ;29+ ?:MCUH+ ;?9?+ TC8+98?:6L?448+ CH+ 65=85=2+ G2H+ 23Y8=6V2+ ;C9?H85=8+ H?=896?:S+ B8+ 98=?:6?\A2F+ ,?6+ @2A2+B8V896?+ B?9+ CH?+ :6\A2S+H?4+ 2+ 65B6V<BC2+ 89?+ CH+ 72H8H+ B8+ ;2CG?+ 654=9C\A2S+ G2H+98GC9424+ GC:=C9?64+H65MC?B24o+5A2+ 85=85B896?+38H+ G25G86=24+B8+H29?:S+58H+84=?V?+?389=2+?2+84=CB2+B2+&V?5M8:72F+

$;a4+ 398V8+ H8B6=?\A2S+ 2+ ;?6.V8:72+ 9842:V8C+ G?5=?9+ ;?9?+ 2+ 72H8H+ CH?+G?5\A2+G2H+?+:65MC?M8H+TC8+8:8+;2B896?+G2H;9885B89F+$TC8:8+TC8+2+;92GC9?V?+89?+Q?H6:6?96L?B2+ G2H+ ?+H6=2:2M6?+ ?Q96G?5?+ 8+ 84=?V?+ ?G24=CH?B2+ G2H+ 2+ :65MC?Y?9+ B24+G?5B2H3:U4S+ 425B?5B2+ 48C+ ;854?H85=2S+ ,?6+ @2A2+ 98+ 42:V8+ B?9+ 8:8H85=24+ ;?9?+ 2+72H8H+98Q:8=69+?+;?9=69+B?+Q6MC9?+B2+B8C4+c?5MjF+

e26+?+ Q29H?+85G25=9?B?+;?9?+Q?:?9+B?+:86+B8+G?C4?+8+8Q86=2+5?+=89H652:2M6?+TC8+?TC8:8+72H8H+G2578G6?+48MC5B2+2+;?5=8A2+?Q96G?52S+c?5Mj+U+98;98485=?\A2+B?+YC4=6\?+ B6V65?F+ $+ Hd46G?+ 85465?+ TC8S+ B8+ ?G29B2+ G2H+ 24+ B84<M5624+ B2+ $:=2S+ 2+ 489+84G2:78+8[?=?H85=8 5?+;92;29\A2+8H+TC8+48H86?F+

$+ :6\A2+ 85G25=92C+ 984425`5G6?+ G2H+ 2+ G29?\A2+ B2+ 72H8HS+ TC8S+ G25Q29H8+524+G25=?+2+&4;<96=2+?H6M2S+5A2+H?64+V2:=2C+;8B65B2+2+TC8+5A2+B8V6?F+(+&V?5M8:72+B8V8+ 489+ ;98M?B2+ 52+ V2G?3C:X962+ 8+ 52+ G25=8[=2+ 8[?=2+ TC8+ Q?\?+ 485=6B2+ ;?9?+ TC8H+2CV8F+$446H+Q8L+@84C4S+TC8+Q?:?V?+B8+H28B?4+8+=?:85=24+;?9?+?TC8:8+TC8+89?+G239?B29+B8+6H;24=24S+B8+98B84+8+;86[84+;?9?+;84G?B2984S+B8+48H85=84S+;:?5=62+8+G2:786=?+;?9?+?M96GC:=2984F+'8448+H2B2+@2A2+D23d+G?=6V2C+2+72H8H+65G?C=2+8+;89H?58G8+Q?:?5B2+B8+V89B?B84+84;696=C?64+G2H+?+:65MC?M8H+39?46:869?S+=89985?S+7CH?5?F

Kb " $8#*:"!(8&:*&'!*;"&<*=)"&

,98=2.V8:72+

,$*+@(v(+'&+$)f$W'$+

#2C+;98=2F+W8M92+G2H2+?+526=8+48H+84=98:?4F+#2C+V8:72F+/8:72+G2H2+?4+V6B?4+B8+H8C4+69HA24F+^?4+ 48+ 42C+ ?65B?+58M92S+ U+ ;29TC8+ =9?M2+ 8H+H6H+?4+H?9G?4+ B2+ =8H;2S+ ?4+

H?9G?4+B2+D964=2F+&44?4+H?9G?4+4A2+?4+84=98:?4+B8+H657?+?:H?S+B8+H657?+V6B?F+#2C+ 58M92F+^?4+ ?+ 39?5GC9?+ B2+ :6572+ 48+ 84=?H;?+ 5?+ 46H;:6G6B?B8+ B2+H8C+

2:7?9S+TC8+=85=?+V89+?;85?4+2+:?B2+3256=2+B?+V6B?F+#2C+V8:72S+46HF+^?4+U+5?+8[;896_5G6?+B?+V6B?+TC8+48+?BTC698+?+V89B?B869?+

4?38B296?S+?TC8:?+TC8+V8H+B2+$:=2F+#2C+V8:72F+/8:72+52+Q?:?9o+V8:72+5?+H854?M8HS+V8:72+5?4+=85=?=6V?4+B8+?G89=?9F+

$+ H657?+ Q29\?S+ 8C+ ?+ G254=9C<+ 5?+ V6B?S+ 5?+ B29S+ 52+ 42Q96H85=2F+ WA2+ 52+42Q96H85=2+ G2H2+ ?:MC54+ 85=85B8HS+ H?4+ 5?TC8:8+ B8G29985=8+ B?4+ :C=?4S+ B?4+B6Q6GC:B?B84+B2+G?H6572S+B?+Q29\?+8H;9885B6B?+5?+4C36B?F+

$+ Q29\?+ B?+ V6B?+ 48+ 84=9C=C9?+ 5?4+ V6V_5G6?4F+ s+ i+H8B6B?+ TC8+ G254=9C<H24+5244?+ 8[;896_5G6?+ TC8+ 844?+ Q29\?+ 48+ ?;2B89?+ B8+ 5a4S+ 524+ 85V2:V8+ 8+ 5a4+ 85=A2+ 524+4?=C9?H24+ B8:?F+ s+ ?+ Q29\?+ 8+ ?+ G29?M8H+ B8+ 489+ V2G_+H84H2S+ B2+ 5A2+ 48+ ?G2V?9B?9+B6?5=8+B?4+:C=?4S+B8+G25=65C?9+=85=?5B2F+

#2C+ Q29=8F+^?4+TC?5B2+H8+B86[2+85G789+B8+;98=854]84S+85=A2+8C+B84GC392+TC8+42C+Q9?G2F+mC?5B2+?;985B2+?+4?69+B8+H6H+H84H2+8+69+8H+B698\A2+?2+;9a[6H2S+?<+8C+486+TC8+H8+Q29=?:8\2F+

#2C+?5B?96:72F+&C+ 42C+ ;98=2S+ 42C+ V8:72S+ 42C+ 7CH?52F+^?4+ 42C+ 7CH?52+ 46HF+ #2C+ G2H2+

V2G_S+42C+&4;<96=2F+#2C+899?5=8S+?;985B6L+B8+H6H+H84H2F+W?+84=9?B?+B?+V6B?S+?;985B6+TC8+?=U+72Y8S+8+;2446V8:H85=8+;?9?+48H;98S+48986+

?;85?4+2+?;985B6L+B?+V6B?F+,8:?4+84=9?B?4+B?+V6B?+8C+G2992S+8C+?5B2F+-CB2+6442+;?9?+?;985B89+TC8S+G2H2+V2G_S+8C+42C+CH+G6B?BA2+B2+C56V8942S+

V6?Y29+B2+HC5B2F+#2C+CH+48H8?B29+B?+;?LF+#2C+;98=2S+42C+V8:72S+42C+&4;<96=2F+

W?+Q?L85B?+B2+0?Y8B2+=8H+TC?=92+G?H;2+TC?B9?B2F+D?B?+G?5=2+=8H+CH+5_M2S+G?;65?5B2+48C+92\?B2F+#857jS+4857j+B86[?+5_M2+=9?3?:7?9F

!J " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

,98=2.V8:72+;29 +TC_w+

)(%#(W+,-W1&*)(+

$:MCUH+ ;89MC5=2C+ ;29+ TC8+ 2+ &4;<96=2+ @2A2+ D23d+ 48+ H?56Q84=?V?+ ?446HS+G2H2 CH+;98=2.V8:72S+485=?B2+52+G7A2S+G2H+?4+;895?4+B8+:?B2S+?+V2L+;2=85=8+8 Q29=8S+=A2+B6Q8985=8+B2+HUB6CH+B8+TC8+48+C=6:6L?V?F+$9MCH85=?V?+TC8+5A2+89?+58G844X962+?+5857CH+&4;<96=2+?;98485=?9.48+B?TC8:8+H2B2o+5A2+7?V6?+H2=6V24+;?9?+84=?+G?96G?=C9?+=A2+9CB6H85=?9S+?9G?6G?+=?:V8LS+;9a;96?+B8+98:6M6]84+?;8M?B?4+?+96=C?64+8+H?586964H24+;C8964S+48MC5B2+B8Q85B6?F+

,?6+@2A2+2CV6?+?=85=2F+,29+ TC8+H2=6V2+ 84G2:789+ ?+ ?;?9_5G6?+ B8+ CH+ ?5G6A2+ 48+ 8:8+ 89?+&4;<96=2S+ 8+

&4;<96=2+ 5A2+ U+ 6B242+ 58H+ Y2V8H+ U+ ?;85?4+ &4;<96=2F+ $;a4+ ?:MC54+ 654=?5=84+ 8H+46:_5G62S+,?6+@2A2+B6448>+

q+^8C+Q6:72S+;8:2+TC8+8C+4?63?+2+84;<96=2+YX+84G:?98G6B2+;2B8+48+?;98485=?9+B?+ Q29H?+ TC8+ B848Y?9+ ;?9?+ 84=?9+ G2H+ 24+ Q6:724+ B?+ -899?F+ D?B?+ CH+ 84G2:78+ ?+V84=6H85=?+ TC8+ H?64+ :78+ ?M9?B?9F+ WA2+ 7X+ ;29+ ?<+ &4;<96=24+ TC8+ 48+ H24=9?H+ G2H2+69HA4+B8+G?96B?B8S+;?B984S+29685=?64S+HUB6G24+8+=?5=24+2C=924w+,29+TC8+2+;98G25G86=2+G25=9?+2+V8:72+2C+?+V2Vaw+#89X+?;85?4+;29TC8+?+M85=8+48+?;98485=?+G2H2+58M92S+8[.+84G9?V2w+*442+;29+?G?42+B84H898G8+?+H854?M8H+TC8+=9?L8H24w+,29+TC8+5A2+98;8:69+&4;<96=24+ TC8+ 48+ H?56Q84=8H+ G2H2+ Q9869?4S+ 65B6?524+ 2C+ B2C=2984w+ ,29+ ?G?42+ H8C+Q6:72+;854?+TC8+B2+:?B2+B8+GX B?+V6B?+4a+7X+B6;:2H?+B8+HUB6G24+8+8G:846X4=6G24w+

,?6+@2A2+;92448MC6?>+q+(+ ;923:8H?S+H8C+ Q6:72S+ U+ TC8+ V8:72+ 5A2+ BX+ 632;8+ ;?9?+ 24+HUB6C54+ 8+

B2524+B8+G85=92F+^?4S+48+?:UH+B?+V64A2+B2+?5G6A2+8+B2+:65MC?Y?9+465M8:2S+?+M85=8+48+H24=9?+58M92S+?<+ 46H>+ 2+ ;98G25G86=2+ B8+H8C4+ Q6:724+ Q?:?+ ?65B?+H?64+ ?:=2FFF+WA2+ 7X+?:Q2996?+TC8+9842:V?o+2+;98G25G86=2+U+G?=6V8692+;629+TC8+?+84G9?V6BA2F+W8M92S+V8:72+8S+?65B?+;29+G6H?S+H29=2FFF+W8M2+?G7?+TC8+ 6442+65G2H2B?+;29+G?C4?+B2+ 29MC:72+8+B2+B848Y2+TC8+ V2G_4+ =_H+B8+85TC?B9?9+ =CB2+B85=92+B24+;?B9]84+39?5G24S+V?H24+B6L89F+#8+U+?446HS+H8C+Q6:72S+?G86=?+2+G2548:72+B8+5_M2>+VX+;92GC9?9+&4;<96=24+4C;8962984S+B8+HUB6G24S+ ;?B984+ 8+ 69HA4+ B8+ G?96B?B8S+ 8+B86[?+5_M2+ =9?3?:7?9+ TC68=6572S+ Q?:?5B2+G2H+46H;:6G6B?B8+;?9?+?TC8:84+TC8+5A2+85=85B8H+:65MC?M8H+G2H;:6G?B?F+

'86[?+5_M2+=9?3?:7?9S+G?5=2C+,?6+@2A2F+W?+Q?L85B?+B2+52442+,?6S+TC8+U+'8C4S+=8H+:CM?9+;?9?+=2B24F+D?B?+CH+Q?\?+

G2H2+ ;2B8+ 8+ 485=8+ TC8+ U+ G2998=2S+ ;264+ 58H+ @84C4S+ 58H+z?9B8G+ B86[?9?H+ 84G96=2+?:MCH+B6L85B2+TC8 &4;<96=2+B8V8+H?56Q84=?9.48+B84=8+2C+B?TC8:8 Y86=2F+@2A2+D23d+Q?L+G2H2+ 4?38S+ =9?3?:7?5B2+ G2H+?:H?+ 8+ G29?\A2+mC8H+ 42C389+ Q?L89+H8:729S+ Q?\?o+ 8:8+984;86=?F+&5TC?5=2+ 6442S+24+;?64.V8:724+G25=65C?H+;8B65B2+?2+#85729+TC8+24+B86[8+=9?3?:7?9S+?;85?4+=9?3?:7?9F

!K " $8#*:"!(8&:*&'!*;"&<*=)"&

,$*+@(v(+'&+$)f$W'$+

^C6=24+ B6L8H+ TC8+ ;98=2.V8:72+ U+ &4;<96=2+ ?=9?4?B2S+ TC8+ 5A2+ =8H+G2578G6H85=2+ 8+ TC8S+ 42H85=8+ ;8:2+ Q?=2+ B8+ ?446H+ 48+ ?;98485=?9+ ?446H+ YX+ ?=84=?+ ?+;9a;96?+65Q896296B?B8F+^?4+8C+M24=?96?+B8+G25V6B?9+?+CH?+98Q:8[A2F+

(+TC8+U+84=?9+?=9?4?B2+2C+?B6?5=?B2+8H+4C?+8V2:C\A2w+#8+CH &4;<96=2+U+?=9?4?B2S+8:8+2+U+8H+98:?\A2+?+TC8Hw+#8+84=X+?B6?5=?B2S+G2H2+4?389+G2H+G89=8L?w+^C6=24+ YC:M?H+ ?4+ ?;?9_5G6?4S+ 65G:C46V8+ ?+ B24+ &4;<96=24F+ '8V8H24+ =89+

GC6B?B2+ ?2+ Q?L89+ 6442F+ s+ G89=2+ TC8+ 5A2+ 48+ B8V8+ G989+ 8H+ =CB2+ 2C+ 8H+ =2B24+ 24+&4;<96=24S+H?4S+B?<+?+B64G96H65?9+CH+&4;<96=2+;29+8:8+48+H?56Q84=?9+B84=?+2C+B?TC8:?+Q29H?+;98Q896B?+;29+8:8S+U+;98G25G86=2+=<;6G2+B8+HC6=24+69HA24F+

$+?=H24Q89?+84;696=C?:+B2+%9?46:S+B8V6B2+?+48C+;?44?B2+764=a96G2S+U+;2V2?B?+B8+ &4;<96=24+ TC8+ ;98Q898H+ H?5=89+ ?+ Q29H?+ 84;696=C?:+ =?:+ TC?:+ 8H+ 4C?+ d:=6H?+8[64=_5G6?S+ G2H2+ 84G9?V2S+ 2+ 98M6H8+ 84G9?V2G9?=?+ =89H652Co+ ?+ 84G9?V6BA2S+ G25=CB2S+;89H?58G8+ H?9G?B?+ 524+ GUC4+ 52+ %9?46:F+ (+ 84=6MH?+ B86[?B2+ ;29+ 8:?S+ ?65B?+ 2+8[;896H85=?H24F+ s+ ;29+ 6442+ TC8+ H84H2+ &4;<96=24+ TC8+ 5A2+ 9885G?95?9?H+ G2H2+58M924S+?44CH8H+844?+?;?9_5G6?+G2H+?:MCH? Q65?:6B?B8F+

,29+ TC8+ 5A2+ TC84=625?9+ =?H3UH+?TC8:84+ TC8+ 48+H?56Q84=?H+ G2H2+ Q9?B84S+H?B984+2C+TC?64TC89+Q29H?4+84;696=C?64+TC8+?B2=8H+B8=89H65?B24+84;<96=24w+

$+84=98:?+52+GUC+396:72C+$+H?=?+V69M8H+YX+84GC98G8CF+$25B8+?5B?+2+H854?M8692+B8+$9C?5B?+mC8+?=U+?M29?+5A2+?;?98G8Cw

!! " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

^854?M869 2+85=98+B264+HC5B24+

)J%#(W+,*W1&*)(+

,?6+@2A2+U+H854?M8692+B8+$9C?5B?S+2+;:?52+84;696=C?:+5?+B852H65?\A2+B24+;?64.V8:724F+ WA2+ H8+ 98G29B2+ B?+ ;96H869?+ V8L+ 8H+ TC8+ V6+ H657?+ HA8+ G?5=?9+ 4C?+G?5=6M?+ ;98B6:8=?+ TC?5B2+ B848Y?V?+ 8V2G?9+ ,?6+ @2A2F+ 08H392.H8+ G2H+ V6V?G6B?B8S+;29UHS+B8+4C?+ 6H?M8H+i+3869?+B2+ =?5TC8+B2+4239?B2+TC8+G254=9C<9?+;?9?+?396M?9+?+Q?H<:6?S+5?+G6B?B8+B8+g2V895?B29+/?:?B?984F+(+42H+B?+XMC?+8+B2 H2V6H85=2+G2H+?4+92C;?4S+ :?V?5B2+?+?:H?+G2H+CH+;9?5=2+HCB2S+G?:?B2S+;9a;962+B24+H2H85=24+H?64+B6Q<G864F+&9?+CH+G?5=2+=964=8S+B8+4?CB?B8+8+B8 ?Q8=2F+$2+H84H2+=8H;2S+89?+2+?;8:2+?2+$:=2+B8+TC8H+3C4G?V?+654;69?\A2+8+42G2992+8H89M85G6?:+;?9?+48C4+B84?Q624>+k$25B8+?5B?+2+H854?M8692+B8+$9C?5B?S+TC8+?=U+?M29?+5A2+?;?98G8CwlF+&H+G89=24+H2H85=24+M9?V84S+ 65=89;]8.48+ CH+ 46:_5G62+ 85=98+ B264+ HC5B24F+ s+ G2H2+ 48+ 2+ ^C5B2+ ^?629+23489V?448S+B64G98=2S+8[;896H85=?5B2.524+5?4+98?\]84+B6?5=8+B?+V6B?F+

mC?5B2+G2578G6+,?6+@2A2+?=9?VU4+B?+H8B6C56B?B8+B8+&V896:B?+%?=64=?S+8:8+48+H?56Q84=?V?+898=2S+48H+?+;2;C:?9+G?96G?=C9?+B2+V8:72S+GC9V?B2F+&[;9844?V?+Q69H8L?+52+48H3:?5=8S+V2L+G:?9?+8+9842:C=?S+?65B?+TC8+G2H+?+;925d5G6?+=<;6G?S+:8H39?5B2+?+Q?:?+B24+84G9?V24+B?+485L?:?S+48H+?G8442+i+654=9C\A2F+

,29+=9X4+B844?+?;?9_5G6?S+52+85=?5=2S+84=?V?+CH &4;<96=2+H2B8952+8+V696:S CH+;98=2.V8:72+G2H+V2G?3C:X962+?=C?:6L?B2+8+?G844<V8:S+H84H2+8H+H862+i4+ Q6MC9?4+B8+:65MC?M8H+;9a;96?4+B8+48C+;?44?B2+8[;9844?4+5?4+G?5\]84S+24+G7?H?B24+;25=24F+

&V896:B?+%?=64=?S+TC8+?;98485=?V?+;46G2Q256? 65G254G685=8+8+52=XV8:+HUB6CH+B8+ 8Q86=24+ Q<46G24S+ =9?54Q6MC9?V?.48+ ?=9?VU4+ B?+ B2?\A2+ B8+ 8G=2;:?4H?S+ TC?5B2+ @2A2+D23d+ ?+ ?44CH6?+ 52+ =9?548+ H8B6d56G2F+ D2H+ ;2CG2+ H?64+ B8+ KSRJH+ B8+ ?:=C9?S+ B8+98;85=8+?44CH6?+;24=C9?+898=?+8+B?V?+?+6H;9844A2+B8+84=?9+H?64+?:=?+TC8+=2B24+5a4S+G?H657?5B2+?+;?4424+:?9M24F+#8C+G?38:2 =295?V?.48+2C96\?B2S+2:724+?998M?:?B24S+38H+?389=24+H84H2F+

&44?+ G?5\A2+ H?9G?V?+ 24+ 654=?5=84+ 8H+ TC8+ 8:?+ 485=6?+ Q29=8H85=8+ ?+58G8446B?B8+ B?+ 65=89V85\A2+ B2+ ,:?52+ ^?629S+ 98;98485=?B2+ ;8:2+ H85=29+ 8+ ?H6M2S+3C4G?5B2+?+H?629+Q29=?:8L?+8+8TC6:<3962 <5=6H2F

!N " $8#*:"!(8&:*&'!*;"&<*=)"&

^8B2+B?+H29 =8+

,$*+@(v(+'&+$)f$W'$+

^8C4+Q6:724+=_H+HC6=2+H8B2+B?+H29=8F+$:MC54+TC8+48+B6L8H+H?64+4X3624+=_H+Q?:?B2+TC8+?+H29=8+5A2+8[64=8F+^?4+

8:?+8[64=8+46HF+$+H29=8+TC8+V2G_4+=8H8H+5A2+U+?TC8:?+TC8+8[64=8S+;264+2 TC8+48+=8H8+U+?+;?44?M8H+;?9?+2+:?B2+B8+GX+B?+V6B?S+?+Q29H?+G2H2+?+H29=8+;2B8+?G25=8G89S+H?4+B844?+H29=8+5A2+7X+TC8+ 48+ =89+H8B2S+5A2F+&:?+ U+ 4a+CH?+;?44?M8HS+ CH?+ =9?V8446?S+G2H2+48+Q2448+CH?+;25=8+:6M?5B2+B264+:?B24+B8+CH?+H84H?+V6B?F+

$Q65?:+ B8+ G25=?4+ V2G_4+ 854?6?H+ =2B24+ 24+ B6?4+ ;?9?+ ?+ H29=8F+ '86=?HS+B29H8H+ 8+ ?G29B?H+ 48H+ 48+ B?98H+ G25=?+ B8+ TC8+ 8448+ U+ CH+ 854?62+ B?+ V6B?+ ;?9?+ ?+M9?5B8+V6?M8H+B?+H29=8F+

$+ ;9a;96?+ 5?=C98L?+ 854?6?+ G254=?5=8H85=8+ ;?9?+ H24=9?9+ ?2+ 72H8H+ ?+98?:6B?B8+B?+V6B?F+(+42:+5?4G8+8+48+;]8S+985?4G8+52+2C=92+B6?S+H24=9?5B2+?+:6\A2+B?+H29=8+8+B?+V6B?F+'84B8+?4+;:?5=?4+?24+?56H?64S+H29985B2+G?B?+B6?S+=CB2+B8H254=9?+TC8+48H;98+7X+CH+98G2H8\2S+CH?+G25=65C6B?B8+8+TC8+2 TC8+V2G_4+G7?H?H+B8+H29=8+U+?;85?4+CH?+;?44?M8H+;?9?+?+V89B?B869? V6B?F+

^?4+ ?+ H29=8+ TC8+ V2G_4+ B8V8H+ 8V6=?9+ U+ B8+ (C=92+ =6;2>+ ?+ H29=8+ B?+G254G6_5G6?F+ mC?5B2+ 2+ 72H8H+ B86[?+ H29989+ ?+ 4C?+ G254G6_5G6?S+ B86[?+ B8+ ?H?9+ 8+;?44?+;?9?+2+aB62S+?+V65M?5\?S+?+;?6[A2+B8485Q98?B?S+2C+TC?:TC89+2C=9?+B8M9?B?\A2+B?+?:H?S+?<+46HS+8:8+84=X+H29=2F+s+CH+G?BXV89+TC8+4?6+;8:2+HC5B2+;89?H3C:?5B2S+CH+k48H.V6B?lS+TC8+;?44?+;8:2+HC5B2+H?4+5A2+V6V8S+;29TC8+5A2+?H?F+'844?+H29=8+U+TC8+V2G_4+=_H+B8+QCM69S+844?+H29=8+U TC8+H8C4+Q6:724+=_H+TC8+8V6=?9F+

(+G25=9X962S+?+2C=9?+H29=8+TC8+U+?;?985=8S+U+;C9?+9844C9986\A2+^29989S+=2B2+HC5B2+H2998+CH+B6?S+H?4+B8485G?95?9+U+B86[?9+24+?;8M24+B?+H?=U96?+8+=CB2+2+TC8+6442+ 98;98485=?F+ $<+ U+ TC8+ ;?6.V8:72+ B6L+ TC8+ B8485G?95?9+ U+ ;?9?+ ;2CG24F+ ,29TC8+;2CG24+ 4A2+ 24+ TC8+ 4?38H+ B84?;8M?9.48+ 8+ 8[89G6=?9+ ?+ 84;696=C?:6B?B8+ B85=92+ B8+ 46F+&5=A2S+;29+TC8+=89+H8B2+B8+H29989w+,?9?+TC8H+=8H+?+G254G6_5G6?+=9?5TC6:?S+H29=8+U+V6B?S+98G2H8\2+TC8+98;98485=?+52V?4+2;29=C56B?B84+B8+98?:6L?\A2F+

(+V85=2+42;92C+:X+5?4+H?=?4+B86[2C+?4+B?+C98H?+52+G7A2y+(+V85=2+V?6+42;9?5B2+?4+Q2:7?4+VA2+G?65B2F+D?32G:2+V?6+?;?57?9+Q2:7?+52+G7A2y

!O " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

&G2:2M6?+HC:?=?+

)(%#(W+,*W1&*)(+

,?6+@2A2+48H;98+M24=2C+B8+=9?3?:7?9+G2H+89V?4o+U+;92QC5B2+G2578G8B29+B8+Q6=2=89?;6?F+D89=?+V8L+H8+ Q?:2C+B2+M9?5B8+984;86=2+TC8+24+58M924+?Q96G?524+5C=96?H+;8:?+5?=C98L?F+,?6+@2A2+ Q?:?V?+B8+CH?+84;UG68+B8+8G2:2M6?+84;696=C?:S+CH?+;92;24=?+B8+ 65=8M9?\A2+ G2H+ ?+ 5?=C98L?+ =?:+ TC?:+ ?;985B8C+ 85=98+ 24+ 84G9?V24+ 8+ 524+ =8H;24+B64=?5=84+B8+0C?5B?F+

mC?5B2+CH+58M92+B8+4C?+U;2G?+?B85=9?V?+?+H?=?+?+Q6H+B8+G2:789+89V?4+;?9?+4C?4+38389?M854+8+?H?G64S+2C+H84H2+G2:789+Q9C=24+;?9?+?:6H85=?\A2S+48H;98+;8B6?+;89H644A2+ i4+ Q29\?4+ V6V?4+ B?+ 5?=C98L?F+ D2H2+ ?+ V64A2+ B?+ B6V65B?B8+ 524+ GC:=24+?Q96G?524+ =8H+ G?9?G=89<4=6G?4+ ;?5=8<4=?4S+7X+ 2+ k3858Q<G62l+ B698=2+ B2+ 98:?G625?H85=2+G2H+ 24+ 98GC9424+ 5?=C9?64+ G2H2+ 85=6B?B84+ V8589XV864F+ '8+ ?G29B2+ G2H+ ?+H6=2:2M6?+?Q96G?5?S+ 2+ 296[X+ 5A2+ U+ 2+ B8C4+ B?+ 5?=C98L?S+ G2H2+ HC6=24+ 85=85B8HS+ U+ B8C4+ 5?+5?=C98L?F+ $2+ G25=9X962+ B?+ =9?B6\A2.YCB?6G2.G964=AS+ TC8+ 6B85=6Q6G?+ ?+ ;98485\?+ B6V65?+Q29?+B8+46S+52+B2H<562+B2+65=?5M<V8:+B2+=9?54G85B85=8S+?+GC:=C9?+?Q96G?5?+V_+2+M9?5B8+G264?F+

$+ G?\?S+ ;29+ 8[8H;:2S+ 48H;98+ 84=8V8+ 98:?G625?B?+ i+ 4C3464=_5G6?+ Y?H?64+ 2+58M92+?3C4?V?+B?+5?=C98L?+58H+?3?=6?+?56H?64+;29+84;29=8+2C+B6V894A2F+&[=9?<?+B?+HA8+ 5?=C98L?+ 8[?=?H85=8+ ?TC6:2+ B8+ TC8+ 58G8446=?V?+ ;?9?+ 4C?+ 42398V6V_5G6?F+ @2A2+D23d+ 854652C.H8+ G2H2+ G2:789+ 89V?4+ B8+ ?G29B2+ G2H+ 24+ ;965G<;624+ 8+ ?+ V64A2+ TC8+29685=?V?H+ 2+ 58M92+ V65B2+ B?+ ZQ96G?S+ TC8+ 72Y8+ ?+ 72:<4=6G?+ 8+ ?+ 72H82;?=6?+ =_H+98=2H?B2F+e?:2C.H8+B8+TC?:+2+H2H85=2+B2+B6?+H?64+?;92;96?B2+;?9?+?+G2:786=?S+8H+9?LA2+B?+;?9=8+B?+;:?5=?+TC8+4896?+C=6:6L?B?S+8+G2H2+;98;?9?9+?4+H64=C9?4+58G844X96?4+;?9?+B8=89H65?B24+H8B6G?H85=24F+-6V8+:6\]84+B8+Q6=2=89?;6?+G2H+2+84;<96=2+,?6+@2A2+B?4+ TC?64+ =6986+ 8529H8+ ;92V86=2F+ &H329?+ 5A2+ 48Y?+ CH3?5B64=?S+ ?;985B6+ G2H+ 8:8+ ?+984;86=?9+?H;:?H85=8+?TC8:84+TC8+=9?3?:7?H+G2H+24+8:8H85=24+B?+5?=C98L?+8H+4C?4+H?M6?4+8+H64=U9624F+

(+ &4;<96=2+ ?H6M2+ 854652C.H8+ ?+ B84;89=?9+ ?+ Q29\?+ V6=?:+ B?4+ 89V?4+ 8+ ?+6B85=6Q6G?9+?TC8:?4+G2H+H?629+2C+H8529+;2=85G6?:+H?M5U=6G2S+B64=65MC65B2+?4+89V?4+G2H+=829+8589MU=6G2+;246=6V2+t64=2+US+{?5MS+48MC5B2+?+=89H652:2M6?+G76584?+?B2=?B?+;8:?+72:<4=6G?+G25=8H;29`58?u+B?TC8:?4+G2H+G?9?G=8984+58M?=6V24+t(C+48Y?S+{65uF+$2+;98;?9?9+ ?4+ 89V?4S+ ,?6+ @2A2+H24=9?V?+ G2H2+B84;89=?9+ 2+ Q:C6B2+ V6=?:+?B29H8G6B2+ 5?+486V?>+k$G29B?S+?H?G6lS+4?dB?+8:8S G2H2+TC8+G25V894?5B2+G2H+?+;:?5=?F+

$;:6G?V?S+G2H+844?+#$%&'()*$S+65=85424+;C:424+8589MU=6G24+q+=?:V8L+4a+?M29?+ H?64+ G:?9?H85=8+ 8[;:6G?B24+ 8+ 8[;:29?B24+ 52+ G?H;2+ 8[;896H85=?:+ B2+&4;696=64H2S+ G2H+ 24+ 84=CB24+ B?+$;2H8=96?F+&S+ ?+ 4C?+H?5869?S+ G?5=?V?+ B8+ Q29H?+ ?+6H;98M5?9+?4+;:?5=?4+G2H+4C?+B65`H6G?+84;696=C?:>+k(+V85=2+42;92C+:X+5?4+H?=?4FFFl

!P " $8#*:"!(8&:*&'!*;"&<*=)"&

'84?;8M2+

,$*+@(v(+'&+$)f$W'$+

#2H24+G2H2+?4+ Q2:7?4+B8+CH?+M9?5B8+X9V298F+mC?5B2+2+ V85=2+;?44?S+524+:8V?+;?9?+25B8+?+Q29\?+B?+V6B?+65B6G?9F+

-2B24+4A2 &4;<96=24F+-2B24+4A2+6H29=?64F+Wa4+5A2+=8H24+G29S+5A2+=8H24+9?\?+58H+3?5B869?+TC8+:6H6=8+?+5244?+?\A2F+x4+ V8L84+ U+ ;98G642+ TC8+ 2+ V85=2+ 524+ :8V8+ ?=U+ B8=89H65?B2+ :CM?9+ ;?9?+ ?<+

B848H;857?9H24+ CH?+ =?98Q?F+$+M85=8+ 48+ 84G25B8+ 5CH+G29;2+ TC85=8+ 5CH+G29?\A2+?H29242+8+85=A2+985?4G8+V84=6B2+B8+G?958S+G2H+92C;?+39?5G?+2C+;98=?S+2C+?H?98:?o+3256=?+2C+Q86?F+mC?5B2+G78M?+?+729?+8+2+V85=2+42;9? 52V?H85=8S+;?9=6H24S+B86[?H24+?+ 92C;?+ C4?B?+ 8+ 9CH?H24+ ;?9?+ 25B8+ ?+ V6B?+ 524+ G25BCL69S+ ;?9?+ V6V89+ 2C=9?+8[;896_5G6?F+ ,29+ 6442+ U+ TC8+ B8V8H24+ 524+ B84?;8M?9+ B?4+ G264?4+ B2+HC5B2S+H84H2+B?TC8:?4+TC8+4A2+32?4F+&4=?H24+B8+;?44?M8HF+#2H24+=2B24+;898M96524S+92H86924+B?+V6B?F+

&H+ 5244?+ V6?M8H+ ;8:2+ HC5B2+ 4a+ ;244C<H24S+ 5?+ V89B?B8S+ ?TC6:2+ TC8+B2?H24S+TC8+2Q898G8H24+i+V6B?>+2+?H29S+?4+V69=CB84S+2+32H+G?9X=89F+$4+2C=9?4+G264?4+4A2+HC:8=?4+TC8+C4?H24+;?9?+?YCB?9+5?+G?H657?B?o+?446H+TC8+?;985B89H24+?+?5B?9+B6986=2S+G2H+?+G?38\?+89MC6B?+B6?5=8+B?+V6B?S+B86[?98H24+=CB2+B8+:?B2+;?9?+;?9=69+?+52V2+ ?;985B6L?B2F+s+ ;98G642+ 48+B84?;8M?9+ B2+HC5B2F+f4?9+ ?4+ G264?4+ TC8+ 84=A2+52+48H+48+4C3H8=89+?+8:?4F+

&44?S+?+V89B?B869? 844_5G6?+B?+V6B?F+,8548+56442S+H8C+Q6:72F+/2Va+5A2+TC89+0?4G?+B8+G2G2+52+=8998692F+#a+;9?+5A2+48+?:8H39?9+B24+=8H;24+B2+G?=6V8692F

!h " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

,98G25G86=24+

)(%#(W+,*W1&*)(+

fH+ B6?+ ,?6+ @2A2+ 48+ H?56Q84=2C+ 8S+ C=6:6L?5B2+ CH?+ H8=2B2:2M6?+ =2B?+;?9=6GC:?9S+?=85B8C+i4+;8442?4+H6564=9?5B2+;?4484+?=9?VU4+B2+HUB6CHS+G2H+CH+:8V8+84=?:?9+ B8+ B8B24F+-?:V8L+ ;29TC8+ ?:MCUHS+H85=?:H85=8S+ 84=6V8448+ TC84=625?5B2+ 48C+H2B2+B8+?M69S+?Q69H2C>+

q+/2G_4+84=A2+G2H+8448+58MaG62+B8 $;2H8=96?+;29+?<S+84=?:?5B2+24+B8B24+8+Q?L85B2+=9?3?:724+B8+B84B239?H85=2+?4=9?:F+,?6.V8:72+YX+Q?L+6442+7X+HC6=2+=8H;2yFFF+^?4S+TC?5B2+89?H+42H85=8+24+;98=2.V8:724S+=2B24+G96=6G?V?H+2 Y86=2+B8+24+V8:765724+=9?3?:7?98HF+ $M29?+ TC8+ 24+ B2C=2984+ B84G23969?H+ ?+ $;2H8=96?S+ V2G_4+ Q?L8H+8[?=?H85=8+?TC6:2+TC8+5a4+48H;98+Q6L8H24F+

g84=24+TC8+HC6=24+YC:M?V?H+G?G28=84+B8+&4;<96=24+;2CG2+?B6?5=?B24S+G2H2+24+84=?:6B24S+4A2+H8:729+G2H;9885B6B24+i+H8B6B?+TC8+?V?5\?H+?4+;84TC64?4+?G89G?+B?4+ G7?H?B?4+ k=UG56G?4+ B8+ B84234844A2+ B8+ ?:=?+ 8Q6G6_5G6?lS+ 52+ B6L89+ B8+ ^?528:+,76:2H852+B8+^69?5B?S+ ?=9?VU4+ B2+HUB6CH+'6V?:B2+,89869?+e9?5G2+ t0(fDf)$+&+(%#&##v(S+8BF+e&%S+N| 8BFS+;F+KKRuF+

(4+ 48M98B24+ B8+ ?:MC54+ ;?64.V8:724S+ G2H2+ 2+ 84=?:?9+ B24+ B8B24+ TC?5B2+?;:6G?H+ ;?4484S+ 8H+ G89=?4+ 2G?46]84S+ 4A2+ Q65?:H85=8+ B84V85B?B24+ ;8:?+8[;896H85=?\A2+ 84;<96=?F+ $+ =UG56G?+ G25464=8+ 8H+ CH+ 98GC942+ ;?9?+ B65?H6L?9+ ?4+8589M6?4+TC8+H?56;C:?HS+?:G?5\?5B2+H?629+6H;C:42+H?M5U=6G2F+

WA2+TC8+B8Q85B?H24+84=?+2C+?TC8:?+ Q29H?+B8+H?56Q84=?\A2+B24+&4;<96=24S+=?H;2CG2+ ?+ ?B2\A2+ B8+ TC?:TC89+ ;92G8B6H85=2+ B8+ H2B2+ :8V6?52F+ -2B?V6?S+ U+6H;29=?5=8+52=?9+TC8+5?B?+U+98?:6L?B2+48H+8[;:6G?\A2+YCB6G624?S+TC?5B2+48+=9?=?+B8+&4;<96=24+98?:H85=8+84G:?98G6B24F+mC?5B2+?:M2+524+Q2M8+?2+G2578G6H85=2+2C+TC?5B2+524+ ?V85=C9?H24+ ?2+ YC:M?H85=2+ ;98G6;6=?B2S+ =857?H24+ G?C=8:?F+ x4+ V8L84+ U+58G844X962+ 98V89+ G25G86=24+ TC?5=2+ i4+ B6Q8985=84+H?5869?4+ B8+ 48+ B848H;857?9+ CH?+=?98Q?S+;264+5A2+B2H65?H24+=2B?+?+V89B?B8+58H+B8=8H24+?+4?38B296?+;98=85B6B?F+

,29+ 6442+ k/2Vj+ 5A2+ TC89+ G?4G?+ B8+ G2G2+ 52+ =8998692l>+ ?+ V64A2+ B8+ TC?5=2+;89H?58G8H24+ G?=6V24+ B8+ G89=?4+ 6B86?4+ 8+ B8+ ;98G25G86=24S+ ?H?99?B24+ ?+ B2MH?4+ 8+;98424+?+V8:7?4+Q29HC:?4S+Q?LS+;29+?5?:2M6?S+,?6+@2A2+98G29B?9.48 B2+G?=6V8692F+

D2H+ 8448+ &4;<96=2+ ?H6M2+ ;CB8+ G2H;9885B89+ H8:729+ 2+ 485=6B2+ B?+Q9?=8956B?B8+8+B?+G22;89?\A2+5?+M9?5B8+239?+B8+'8C4>+kf56A2+48H+QC4A2S+B64=65\A2+48H+48;?9?\A2+U+?+C56B?B8+5?+B6V8946B?B8lF+D?B?+CH+=9?L+4C?+G25=963C6\A2+B8+?G29B2+G2H+24+G2578G6H85=24+TC8+;244C6+8+G2H+4C?4+7?36:6B?B84+8H+H?56;C:?9+24+Q:C6B24+8H+3858Q<G62+B2+;9a[6H2F

!R " $8#*:"!(8&:*&'!*;"&<*=)"&

(+Y?9B65869 2+B?+V6B?+

,$*+@(v(+'&+$)f$W'$+

fH+B6?+8C+2CV6+CH?+764=a96?+5?+485L?:?F+&9?+H?64 2C+H8524+?446H>+kfH+ Y?9B658692+ 4?6C+ ;:?5=?5B2+ Q:2984+ ;?9?+ 8H38:8L?9+ ?+ ;?64?M8H+ =964=8+ B8+

CH+ :CM?9+52+HC5B2F+D2H2+2+G7A2+89?+HC6=2+ QU9=6:S+?4+ 48H85=84+8+?4+HCB?4+Q29?H+G?65B2+ 8+ 392=?5B2S+ Q29H?5B2+CH+ Y?9B6H+V64=242+ 8+ 3256=2F+^?4+ 89?+ B8+CH?+38:8L?+46H;:84S+ B6Q8985=8F+ @C5=2+ G2H+?4+ Q:2984+ 5?4G6?H+2C=9?4+ 89V?4S+ 2C=9?4+ ;:?5=?4+ TC8+ 2+Y?9B658692+ 5A2+ 7?V6?+ 48H8?B2F+ (+ Y?9B658692+ 23489V?V?+ G2H+ GC6B?B2S+ ;264+ 7?V6?+B8G6B6B2+5A2+?99?5G?9+?4+89V?4F+&:8+696?+84;89?9+?=U+2+ =8H;2+G89=2+8+85=A2+9842:V8C+?BC3?9+8+Q29=?:8G89+?4 Q:2984F+&:?4S+TC8+YX+89?H+=A2+3256=?4S Q6G?9?H+H?64+V64=24?4+8+48+8:8V?9?H+ ?G6H?+ B?4+ 2C=9?4+ 89V?4S+ TC8+ Q29?H+ 4CQ2G?B?4+ ;8:?+ 46H;:6G6B?B8+ 8+ ;8:?+38:8L?+B?4+H?9M?96B?4S+B?4+729=_5G6?4S+B24+G9?V24+8+B24+Y?4H654F+-CB2+Q:296B2+8+38H+GC6B?B2S+5A2+7?V6?+:CM?9+;?9?+2+H?=2S+TC8+?24+;2CG24+ Q26+B84?;?98G85B2+B6?5=8+B8+=?5=?+G264?+38:?+8+32?lF+

,8548+ 5844?+ 764=a96?+ 46H;:84+ 8+ ?5?:648+ ?+ 4C?+ V6B?S+ 4C?4+ ?=6=CB84S+ '8+ G?B?+;:?5=?+C=6:6L?B?+5?+Q6=2=89?;6?S+;29+8[8H;:2S+,?6+@2A2+8[=9?6+CH+85465?H85=2F+&[;:6G?+?4+ G?9?G=89<4=6G?4+ B?TC8:?+ 89V?+ 8+ 4C?+ 98:?\A2+ G2H+ 2+ 65B6V<BC2+ ;?9?+ 2+ TC?:+ 2+H8B6G?H85=2+ 84=X+ 65B6G?B2F+$G984G85=?+ ?65B?>+ k'8+5?B?+ ?B6?5=?+?+ ;8442?+ =2H?9+ 2+H8B6G?H85=2+ B?+ 5?=C98L?S+ H8C+ Q6:72S+ 48+ 8:?+ 5A2+ H2B6Q6G?9+ 4C?+ G25BC=?+ 8+ 4C?4+?=6=CB84lF+

(+TC8+V2G_+=8H+;:?5=?B2 U 2+TC8 =8H+5?4G6B2+52+Y?9B6H+B8+48C+G29?\A2F+/2G_+ V?6+ 85=85B89+ 2+ 46M56Q6G?B2+ B844?+ 764=a96?S+ =A2+ 46H;:84+ TC?5=2+ ,?6.+

V8:72F+#?:V8+2 ;2V2+B?+gC65U 8 2+;2V2+B8+0C?5B?F+#8?9?+B8+@84C4+:CM?9+;9?+=2B?+3?5B?F+,?6.V8:72+G?5=?+423+?+3_5\A2+B8+([?:X+s @84C4S+W2442+#85729S 2C+@82VX+2 52442+;?6+([?:X+e?L+2+TC8+;2B8S+B2+Y86=2+TC8+4?38FFF

!n " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

)8Q:8[2+B8+'8C4+

,$*+@(v(+'&+$)f$W'$+

08H392.H8+ B8+ CH+ B6?+ 8H+ TC8+ ?:MCUH+ G96=6G?V?+ G2H;?5786924+ B8+ 2C=9?4+98:6M6]84+8+4C?+Q29H?+B8+GC:=2S+B8+?B29?\A2+?+'8C4F+(+G2H85=X962+89?+Q86=2+;29+CH+G2H;?578692+84;<96=?+TC8+B8Q85B6?+?+k;C98L?+B2C=965X96?l+8+?+29=2B2[6?+9865?5=8+8H+B6V89424+48=2984+B2+H2V6H85=2+84;<96=?F+

,?6+ @2A2S+ TC8+ G2578G8+ 38H+ 2+ V?:29+ B2+ 46:85G6?9+ 8+ B2+ 8HCB8G89S+ 4?38+B8=8G=?9+ 2+ H2H85=2+ 8H+ TC8+ U+ ;89=6585=8+ Q?L89+ 4C?4+ 23489V?\]84F+ WA2+ 48+ G?:?96?+B6?5=8+B8+?:M2+TC8+;CB8448+;98YCB6G?9+k24+Q6:724+B8+58M2.V8:72lS G2H2+Q?:?F+

$2+G25=?9+8448+8;64aB62S+;?98G8+TC8+V8Y2+52V?H85=8+H8C+;?6+tTC8+5C5G?+Q26+84;<96=?S+H?4+48H;98+G25V6V8C+ G2H+?+H8B6C56B?B8u+?+8439?V8Y?9+;8:?+G?4?+8H+TC8+H29XV?H24S+ 85TC?5=2+ H657?+ HA8+ ?65B?+ 84=?V?+ 85G?95?B?F+ &:8+ 98G:?H?V?+ B8+ ,?6+@2A2S+TC8+ 65Q29H?V?+&V896:B?+%?=64=?+B?4+?=6=CB84+H8524+G25Q844XV864+B2+H?96B2+8+B24+Q6:724>+&448+V8:72+H2998CS+H?4+84TC8G89?H+B8+85=899?9+4C?+:<5MC?y+&:?+G25=65C?+42:=?+;29+?<S+Q86=2+CH+G76G2=8yyy

!b " $8#*:"!(8&:*&'!*;"&<*=)"&

D2H85=X9 624+

,$*+@(v(+'&+$)f$W'$+

(+TC8+U+6442S+H8C+69HA2w+,29TC8+ TC8+ Q?:?9+ B?+ G?4?+ B2+ 2C=92+ TC?5B2+ ?+ 5244?+ G?4?+ 84=X+ G786?+ B8+

H2=6V24+;?9?+=9?54Q29H?\A2w+,9?+TC8+G6=?9+24+654CG84424+84;696=C?64+?:78624S+TC?5B2+524+Q?:=?+HC6=2+;?9?+

?;985B89S+G?H657?9+8+?G89=?9w+WA2+ ;89G?+ =8H;2+ 98:?=?5B2+ 2G299_5G6?4+ 65Q8:6L84+ B24+ 2C=924F+ &+ =?H3UHS+

=?5=2+ TC?5=2+5a4S+ 48+ 84Q29\?H+ G2H2+;2B8H+;?9?+B8=89+?+H64U96?+ B8+HC6=?+M85=8+ 8+984M?=?9+4C?+B6M56B?B8+;89B6B?F+

^854?M86924+ B2+ 38HS+ =9?3?:7?5B2+ 8H+ 52H8+ B2+ W2442+ #85729+ 8H+ 2C=9?+48?9?S+ G2H+ 2C=924+ 654=9CH85=24S+ 8+ 48+ 5a4+ 84=6VU448H24+ 52+ :CM?9+ B8:84S+ =?:V8L+ 5A2+4?389<?H24+?M69+B8+2C=9?+Q29H?F+

&:84S+52+ :CM?9+8H+TC8+524+85G25=9?H24S+ 489V65B2+G25Q29H8+?+G?9=6:7?+TC8+48MC6H24S+ B86[?H24+HC6=2+ ?+ B848Y?9F+ e?:=?.524+ 6H85424+ G?H65724+ ?+ ;89G29989+ ?=U+TC8+;244?H24+489+G2546B89?B24+V89B?B86924+=9?3?:7?B2984+B2 52442+,?6F+,8548+56442S+H8C+ Q6:72S+ 8+ ?;985B?H24+ YC5=24+ ?+ B2H65?9+ ?+ ;?:?V9?+ TC8+ 4?6+ B8+ 5244?+ 32G?+ 8+ ?+G25=92:?9+24+G2H85=X9624+65Q8:6L84+8H+98:?\A2 iTC8:84+TC8+Q29?H+G7?H?B24+;29+@84C4+;?9?+98?:6L?9+=6;2+B8+=?98Q?+TC8+5a4 98Y86=?H24+Q?L89F+

W2+ Q65?:+ B?TC8:?+ 98C56A2+ GCY24+ G2H85=X9624+ 65V2G?V?H+ ?+ 65=2:89`5G6?+98:6M624?S+2+;?6.V8:72+?44CH8+2+HUB6CH+8+Q?:?S+B8+Q29H?+?+=2G?9+24+G29?\]84F+

0X+V8H+V2Vj+B84G85B2+?+:?B869?+G2H+4C?+4?G2:?F+&+G2H+48C+924X962+8+G2H+48C+ ;?=CXS+ 8:8+ V8H+B8+$5M2:?F+&C+ TC892+ V89S+ V2VjS+ 8C+ TC892+ V89S+ 8C+ TC892+V89+ 48+Q6:72+B8+r?H36+=8H+TC8989F

NJ " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

^2B8956B?B8+8+4C;89?\A2+

)(%#(W+,*W1&*)(+

(+ ?H6M2+ ,?6+ @2A2+ 5A2+ 524+ ?3?5B252C+ 58H+ H84H2+ TC?5B2+ ?4+ G96484+?;?985=8H85=8+8H3?\?9?H+?+5244?+V64A2+84;696=C?:F+#8H;98+84=8V8+?+V8:?9+;29+5a4S+8+Q29?H+ 65dH89?4+ ?4+ V8L84+ TC8+ B6V89424+ G2H;?5786924+ ;89G8389?H+ ?+ ;98485\?+ B2+G2H;?578692+84;696=C?:+?+48C+:?B2S+23489V?5B2+8+29685=?5B2 G25Q29H8+?+58G8446B?B8F+

WA2+ 42H85=8+ 5?+ 92C;?M8H+ B8+ ;98=2.V8:72S+ H?4+ =?H3UH+ G2H2+ 2+ HUB6G2+$:Q98B+)C448:S+=8H+H?9G?B2+;98485\?+;8:?+8[=98H?+Q69H8L?+8H+48C4+85465?H85=24+8+=8H+ 46B2+ 8[8H;:2+ ;29+ 4C?+ Q6B8:6B?B8+ ?2+ G2H;92H6442+?44CH6B2F+ ke6:72+ B8+r?H36+5A2+ =8H+ TC8989lS+ 2C+ 48Y?S+ TC?5B2+ ?44CH6H24+ B8=89H65?B?+ 984;254?36:6B?B8S+ U+ ?+V25=?B8+B2+$:=2+TC8+;98V?:8G8+B8+CH :?B2+8+B2+2C=92+B?+V6B?F+

D89=?+V8L+?:MCUH+;89MC5=2C+?+8:8+;29+TC8+5A2+;8B6?+G?G76H32+?=9?VU4+B2+HUB6CH+8+58H+485=?+5CH+=2G2+B8+H?B869?F+,854?5B2+CH+;2CG2S+=?:V8L ;?9?+5A2+Q8969+?+4854636:6B?B8+B8+TC8H+;89MC5=?V? 98B?9MC6C>+

q+&H+TC8+?52+5a4+84=?H24S+H8C+Q6:72w+q+KbbnS+,?6+@2A2 q 984;25B8C+2+65B6V<BC2F+q+&H+TC8+4UGC:2+84=?H24S+H8C+Q6:72w+#UGC:2+ccS+i4+;29=?4+B2+cc*F+&+G2H+4C?+V2LS+2CV6B?+;29+=2B24S+2+;?6.V8:72+

G2H;:8H85=2C>+q+W_M2+Q6G?+?TC6+6H?M65?5B2+G2H2+2+H8C+Q6:72+Q6G2C+;?9?B2+52+=8H;2F+#8+

5a4+ 84=?H24+ 52+ ?52+ B8+ Kbbn+ 8+ 52+ Q65?:+ B2+ 4UGC:2+ccS+ G2H2+H8C+ Q6:72+ TC89+ TC8+5_M2.V8:72+Q6TC8+485=?B2+8H+=2G2+B8+;?C+?65B?+72Y8S+TC?5B2+52+HC5B2+?+=8G52:2M6?+YX+ 65V85=2C+?+G?B869?S+2+ 42QX+ 8+?4+;2:=925?4+G25Q29=XV864w+*H?M658S+H8C+ Q6:72S+TC8+6442 U+B2+=8H;2+B2+G?=6V8692S+U;2G?+TC8+4a 42398V6V8+5?+H8Ha96?+B8+;?6.V8:72F+W8M2+V6V8C+5?TC8:?+U;2G?S+H?4+5A2 Q6G2C+;?9?B2+52+=8H;2S+G2H2+H8C+Q6:72F+

&+8:8+;92448MC6?>+q+*H?M65?+V2G_S+H8C+Q6:72S+G2:2G?5B2+VX9624+;8B?\24+B8+;?CS+B8+=2G24+B8+

H?B869?+8H+4C?+G?4? ;?9?+?4+V646=?4+485=?98HFFF+&S+TC?5=2+?2+G?G76H32S+489X+TC8+=2B?+;8442?+V8:7?+=8H+B8+QCH?9+8+?5B?9+85GC9V?B?w+/2G_+5C5G?+G2578G8C+CH+V8:72+TC8+5A2+?;98G6?+G6M?992S+G?G76H32+8+G264?4+48H8:7?5=84w+,?6+@2A2+5A2+=8H+;923:8H?+B8+G2:C5?+ ;?9?+ ?5B?9+ GC9V?B2+ Q86=2+ M85=8+ =29=?F+ -?H3UH+ 5_M2.V8:72+ U+ &4;<96=2+H2B8952S+H8C+ Q6:72F+WA2+QCH?F+5A2+3838+ 8+58H+48+?4485=?+8H+ =2G24S+5A2F+WA2+48+84TC8\?F+

D2H;:8=2C+,?6 @2A2>+q+WA2+48+84TC8\?+TC8+5_M2+=8H+32H+M24=2S+8+8448+58M2G62+B8+48+485=?9+8H+

=2G24+B8+H?B869?+YX+;?442CF+(4+;98=24.V8:72+YX+48+?=C?:6L?9?HS+H8C+Q6:72F+$G29B?+8+V_+48+V6V8+2+=8H;2+B8+72Y8F

NK " $8#*:"!(8&:*&'!*;"&<*=)"&

D96484+

,$*+@(v(+'&+$)*@$W'$+

^8C+Q6:72+84=X+G25QC42w+s+;98G642+G29?M8H+;?9?+H2B6Q6G?9S+;?9?+B8G6B69+8+2C4?9F+$+V6B?S+H8C+Q6:72S+

4a+;89H6=8+?+V6=a96?+B?TC8:84+TC8+2C4?HF+TC8+B8G6B8HS+TC8+98?:6L?HF+mC?5B2+?+G9648+V646=?+24+H8C4+Q6:724S+U+TC8+YX+U+729?+B8+H2B6Q6G?9+?:MCH?+

G264?F+$+G9648+U+485=6H85=?:w+s+;98G642+H2B6Q6G?9+?+V64A2+?+984;86=2+B8+46+8 B2+2C=92+8+;92H2V89+?4+HCB?5\?4F+(+?H29+4a+42398V6V8+48+ Q29+?:6H85=?B2S+?BC3?B2+8+ 98M?B2+G2H+ G?96572S+ B2\C9?S+ ;8TC8524+ M84=24o+ 85Q6HS+ CH?+ 4U968+ B8+ G264?4+ ?;?985=8H85=8+;8TC85?4S+HC6=2+6H;29=?5=84+;?9?+H?5=89+?+V6B?+485=6H85=?:F+$+G9648+U+8G25jH6G?w+mC8+ =?:+ H2B6Q6G?9+ ?+ Q29H?+ B8+ M8985G6?9+ 4C?+ V6B?S+ 48C4+ 58MaG624+ 8+ 4C?4+ ;9a;96?4+?4;69?\]84w

$+G9648S+TC?5B2+48+?;98485=?+5?+X98?+42G6?:S+U+CH+G25V6=8+i+98?V?:6?\A2+B8+4C?4+;24=C9?4S+B8+4C?+Q29H?+B8+V89+?+V6B?+8+B8+48C+85V2:V6H85=2+G2H+2+HC5B2+8+?+42G68B?B8F+s+;98G642+TC8+?4+;8442?4+48+465=?H+?;?6[25?B?4F+#8H+85V2:V6H85=2F+48H+?;?6[25?9.48+;29+CH? 6B86?S+CH?+;8442?+2C+CH 6B8?:S+?+V6B?+;?98G8+;89B89+2+4?329F+

mC?:TC89+G9648S+H8C+Q6:72S+U+CH?+Q29H?+H?64+B698=?+TC8+?+V6B?+85G25=9?+B8+524+B6L89+TC8+=8H24+B8+H2B6Q6G?9+?:M2+2C+5a4+H84H24F+*442+5A2+U+QXG6:S+8C+486y+^?4+U+;244<V8:+98?:6L?9S+24+B84?Q624+8[64=8H+;?9?+84=6HC:?9+?+M85=8+?+G984G89+8+85G25=9?9+CH?+4?<B?+H?64+46H;:84S+2C+;?9?+524+8H;C99?9+9CH2+?+CH?+42:C\A2+TC8+84=X+HC6=?4+V8L84+?2+52442+:?B2+2+=8H;2+=2B2F+s+TC8+?+M85=8+48+?G24=CH?+QXG6:+G2H+?+32?.V6B?+8+48+?G2H2B?F+

k'8C4+?YCB?+?+TC8H+G8B2+H?B9CM?l+q+8448+?Q2964H2+;2;C:?9+U+CH+98Q:8[2+B?+H?64+;C9?+98?:6B?B8F+s+;98G642+G2H8\?9+G8B2+?+48+29M?56L?9+8+;92GC9?9+42:C\]84F+mC?5B2+Q?:2+8H+29M?56L?\A2S+H8C4+Q6:724+?G7?H+TC8+U+?:M2+B6Q<G6:+B8+98?:6L?9F+^?4+?Q69H2+TC8+?4+G264?4+4a+4A2+B6Q<G864+85TC?5=2+V2G_+?G7?9+TC8+U+B6Q<G6:F+

mC?5B2+ 24+H8C4+ Q6:724+ B8G6B698H+ TC8+ U+ ;98G642S+ TC8+ U+ ;244<V8:S+ 8+ ?446H+?:6?98H+4C?+V25=?B8+B8+98?:6L?\A2+?2+G2578G6H85=2+B8+4C?+58G8446B?B8S+?<+489X+QXG6:F+)8G:?H?9S+G729?9+8+?B6?9+B8G64]84+5A2+9842:V8+;923:8H?+?:MCHF+

$:6X4S+ H8C+ Q6:72S+ =8H+ ?:MCH?4+ G264657?4+ TC8+ V2G_+ ;2B89X+ Q?L89+ 8H+3858Q<G62+;9a;962F+WA2+ ?B68+ ?TC6:2+ TC8+ V2G_+ =8H+B8+ Q?L89F+$B6?9+ U+ CH?+ Q29H?+B8+4?32=?9+?+46+;9a;962F+

WA2+ ;92GC98+ GC:;?B24+ 2C+ GC:;?4S+ VX+ ?=9X4+ B8+ 42:C\]84+ 8+ ?44CH?+ 4C?+984;254?36:6B?B8F+$;985B?+?+48+29M?56L?9+8+?M69F+

^8C4+Q6:724+84=A2+?G24=CH?B24+?+98?M69+8S+85=A2S+5A2+G25TC64=?H+?+V6=a96?F+D729?H+8+:?H85=?HS+H?4+?65B?+6442+U+CH?+98?\A2F #8Y?+CH?+;8442?+?=6V?F+&H+V8L+B8+98?M69S+?Y?F+fH?+?\A2+U+HC6=2+H?64+65=8:6M85=8+B2+TC8+CH?+98?\A2F+

s+ ;98G642+ =89+ G29?M8H+ ;?9?+ HCB?9F+ $4+ G96484+ 4A2+ 2+ M96=2+ B?+ V6B?+ 524+G7?H?5B2+i+H2B6Q6G?\A2F

N! " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

/2Va+ V8H+ B84G85B2+ ?+ :?B869?+ G?998M?5B2+ 2+ 48C+ 9?H2+ B8+ MC65UF+ &:?+ Q26+;?9=869?+B?4+58M9?4+B?+485L?:?S+H?4+=?H3UH+B?4+4657X4S+Q6:7?4+B8+QUF

NN " $8#*:"!(8&:*&'!*;"&<*=)"&

D6:?B?4+

)(%#(W+,*W1&*)(+

&H+CH?+4844A2+84;<96=?S+TC?5B2+=2B24+H8524+84;89?V?HS+H?56Q84=?.48+CH+&4;<96=2+G2H+=2B24+24+=98Y86=24+B8+;98=2.V8:72F+(+HUB6CHS+8[;89685=8+8+8BCG?B2+8H+4C?+ QC5\A2S+ G2H8\?+ ?+ 84=98H8G89S+ Q?:?9+ ;?C4?B2+ 8+ 5CH+ =2H+ TC8+ 5A2+ 89?+ 7?36=C?:F+02M2+48+B8C+2+V898B6G=2+B2+B696M85=8+B?+98C56A2>+

q+s+CH+23484429y+(+;98=2.V8:72+ Q?:?+H?=98692S+ B8V?M?9+ 8+ B?+ Q29H?+;8GC:6?9+ ?+ 84;<96=24+ G2H+

844?+ G?9?G=89<4=6G?F+ (+ B899?B8692+ ?G25=8G6H85=2+ 48+ BX+ TC?5B2+ 9842:V8+ ;8B69+ CH?+3836B?F+(+B696M85=8+Q6G?+Q29?+B8+46>+

,?6.V8:72+84=X+G2H+48B8+8+4a+TC896?+48C+4?5MC8+B8+D964=2 q G2H2+48+98Q896?+?2+V6572F+

&4;<96=2+5A2+3838S+H8C+69HA2F+WA2+;98G64?F+W8H+XMC?y+&+3836B?+?:G2a:6G?+?65B?+=9?L+4U9624+B?524+?2+;8964;<96=2+8+U+465?: B8+?=9?42+84;696=C?:F+

(+;?6.V8:72S+G2H2+48 5A2+=6V8448+2CV6B2S+65464=8F+$+ H?9?Q9?FFF+ '_+ ?+ H?9?Q9?+ B8+ 58M2.V8:72+q+&9?+ G?G7?\?+ TC8+ 42:6G6=?V?S+

;?9? 2+84G`5B?:2+B2+B696M85=8F+'6?5=8+ B?+ 58M?=6V?+ 8[;9844?+ 5?+ Q?G8+ 8+ 52+ ;854?H85=2+ B2+ B2C=965?B29S+ 2+

&4;<96=2+;8B8+48C+;6=2S+2+G?G76H32>+q+W_M2.V8:72+TC896?+QCH?9+B8+=2B2+Y86=2FFF+(+B696M85=8S+;92QC5B2+G2578G8B29+B?+'2C=965?+&4;<96=?S+;92GC9?V?+B2C=965?9+

2+23484429+8H+Q29H?+B8+;98=2.V8:72F+&4=?V?+234=65?B2>+q+&4;<96=2+5A2+QCH?S+H8C+69HA2y+$:UH+B2+H?64S+2+QCH2+;2:C6+?4+8589M6?4+

84;696=C?64+ 8+ 85V8585?+ 24+ Q:C6B24F+ (+ ;?6.V8:72+ 65464=6?S+ 8+ 2+ B696M85=8S+ 6H3C<B2+ B2+B848Y2+B8+:6389=?9+?TC8:?+?:H?+42Q98B29?S+:C=?V?+;92GC9?5B2+B2C=965X.:2F+

&H+B8=89H65?B2+H2H85=2S+2 &4;<96=2+65=89;8:?+48C+65=89:2GC=29>+q+^8+984;25B?+CH?+;89MC5=?S+H8C+Q6:72F+s+TC8+5_M2.V8:72+U+G?BCG2S+5A2+

4?38w+&S+ ?:UH+B8+ V8:72S+ YX+ 84=X+H29=2+ 7X+ =?5=2+ =8H;2+TC8+ 4C?+H8Ha96?+ Q?:7?+ CH+;2CG2F+

q+,89MC5=8S+H8C+69HA2F+&4=?H24+?TC6+;?9?+84G:?98G_.:2+?+984;86=2+B?4+:864+84;696=C?64+q+ 2+ B696M85=8+ 42?V?+ 42:858S+ ;264+ ?G98B6=?V?+ =89+ G25V85G6B2+ 2+ &4;<96=2+;89=C93?B2F

q+ #89X+ TC8+ =8H+ BC?4+ :864S+ CH?+ ;?9?+ 24+ B8485G?95?B24+ 8+ 2C=9?+ ;?9?+ 24+85G?95?B24w+(C+?+:86+B8+W2442+#85729+@84C4+ D964=2+U+?+H84H?+;?9?+=2B24w+

q+s+?+H84H?S+H8C+69HA2F+#a+7X+CH?+:86S+TC8+U+?+:86+B8+'8C4+q+=?5=2+;?9?+24+85G?95?B24+TC?5=2+;?9?+24+B8485G?95?B24F+

D2H2+48+Q6L8448+84Q29\2+H8B6=?=6V2S+?;a4+CH?+;?C4?S+2+;98=2.V8:72+4?G2B8+2+HUB6CH+8+Q29HC:?+52V?+;89MC5=?+?2+B696M85=8>+

q+ &5=A2S+ H8C+ Q6:72S+ H8+ 84G:?98G8>+ ;29+ TC8+ ?+ :86+ B8+ W2442+ #85729+ U+ ?

NO " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

H84H?+;?9?+=2B24S+85G?95?B24+8+B8485G?95?B24S+H8C+Q6:72+B6L+TC8+;98=2.V8:72+5A2+;2B8+ QCH?9+58H+38389+8+5_M2+V_+CH+H?\2+B8+G6M?992+52+32:42+B8+H8C+ Q6:72S+TC8S+B8;264S+V?6+4?69+;29+?<+=2H?5B2+?+84;CH24?+tG89V8Y?uw+

#8H+984;24=?4+;?9?+2 &4;<96=2S+2+B696M85=8+Q6G?+?=j56=2F+02M2+?;a4+48+G?:?9S+2+&4;<96=2+=9?54Q6MC9?.48+8+H2B6Q6G?+?+B64;246\A2+H8B6d56G?F+&9?+2+H85=29+84;696=C?:+B?+G?4?>+

q#2C+8CS+H8C4+ Q6:724S+TC8+V6H+;?9?+=9?L89+?+H854?M8H+B8+Q9?=8956B?B8+8+B8+98Q:8[A2F+'8+=89\?+?+48[=?.Q869?S+?=85B2+8H+CH+=8998692+B8+fH3?5B?S+25B8+42C+,?6+@24UF+&+?TC6S+;92446M2+=9?3?:7?5B2+5?+48?9?+B8+@84C4F+'dV6B?S+H8C+Q6:72w+(3489V8+2+42:+5?4G85B2+=2B?4+?4+H?57A4+8+?4+84=98:?4+6:CH65?5B2+?+526=8+G2H2+CH?+G2:G7?+B8+:CL84FFF+WA2+85G25=9?+;92V?+B?+8[64=_5G6?+B8+'8C4w (:78+52+84;8:72+8+V8Y?+?+?:H?+B8+'8C4+98Q:8=6B?+8H+4C?+;9a;96?+?:H?F+$39?+24+2:724S+Q8G78.24+52V?H85=8S+?39?+8+Q8G78+?4+;9a;96?4+HA24+8+465=?+2 M9?5B8+H6:?M98+B?+V6B?+98Q:8=65B2+?+M9?5B8L?+B2+48C+?C=29F+0?H85=?+8+G729?+?65B?w+'86[8+?4+:XM96H?4+48+B899?H?98H+42398+?4+Q896B?4+B?+?:H?S+H?4+GC6B?B2S+H8C+ Q6:72S+;?9?+5A2+48+?Q2M?9+8H+;9?5=2+8+ :?H85=?\]84F+'8C4+84;89?+TC8+V2G_+48Y?+?+H?=896?:6L?\A2+B8:8+;?9?+2+?;89Q86\2?H85=2+B2+HC5B2F+D2H2+Q6:72+B2+ ,?6S+ 8H3?6[?B29+ B?4+ 84=98:?4S+ 4?6?+ ;29+ ?<+ 429965B2+ 8+ 85[CM?5B2+ ?4+ :XM96H?4+B?TC8:84+TC8+42Q98HF+$39?+24+2:724+;?9?+?+V6B?+8+V896Q6TC8>+?TC8:8+B85=98+5a4+TC8+=8V8+ =2B24+ 24+ H2=6V24+ ;?9?+ 98G:?H?9+ B?4+ B2984+ B2+ HC5B2S+ TC8+ 98G?<?H+ 42398+ 46+H84H2S+H2998C+B8+39?\24+?389=24+;?9?+2+;9a;962 HC5B2F+,29+TC8S+85=A2S+;89H?58G89+G2H+24+39?\24+G9CL?B24S+?<+485=?B2w+08V?5=8.48S+V6398+8+V6V?y+

'8C4+84;89?+8H+V2G_FFF+@C5=?+?4+89V?4+B?+YC98H?S+?:Q?L8H?+?:8G96H+8+CH+9?H2+B8+MC65UF+)8L?+;9? W244?+#85729?+?YCB?9F+,98=2.V8:72+V?6+MC6?9+Q6:72+B8+QUF

NP " $8#*:"!(8&:*&'!*;"&<*=)"&

)8G86=CX9 62+

)(%#(W+,*W1&*)(+

q+08V?5=?9+i4+G65G2+729?4+B?+H?57A+;?9?+Q?L89+C95?+29?\A2+8+:89w+q+65=8992MC86.H8+H85=?:H85=8F+$+98G2H85B?\A2+B8+,?6+ @2A2+;?9?+2+G?42+

G?C4?9?.H8+ 84;?5=2F+ D25=CB2S+ ?+ 29685=?\A2+ 89?+ 844?+ H84H2+ H?4+ 5A2+ 89?+ 4aF+ (+65B6V<BC2+ B8V896?+ :8V?5=?9.48+ 8+ :89+ ?+ ;XM65?+ B8+ B8=89H65?B2+ :6V92F+ &H+ 48MC6B?+B8V896?+G2:789+?:MCH?4+924?4+39?5G?4+5CH+=899852+;9a[6H2+8+Q?L89+CH+3?572+G2H+?4+89V?4+8H+ 65QC4A2F+'C9?5=8+2+3?572+89?+;98G642+ 98L?9S+8F+?;a4+ 98:89+2C=92+ =98G72+B2+:6V92+65B6G?B2+G2H+?=85\A2S+B8;246=?96?+?4+;U=?:?4+C=6:6L?B?4+5?4+XMC?4+B8+CH+96?G72+84;8G<Q6G2S+B64=?5=8+B8+4C?+9846B_5G6?F+

-2H?B2+B8+M9?5B8+84=9?57?H85=2+?2+B8;?9?9+G2H+2+98G86=CX962+H8B6d56G2+TC8+ B84=2?V?+ B2+ 84=6:2+ B8+ ,?6+ @2A2S+ TC84=62586.2+ ?G89G?+ B2+ ;29TC_+ B8+ =?5=?+G2H;:6G?\A2+8+B8448+=6;2+B8+65B6G?\A2F+

q+ $7y+ ^8C+ Q6:72+ 984;25B8C.H8S+ U+ TC8+ 84=8+ G2H;?578692+ 5A2+ 84=X+;98;?9?B2+ ?65B?+ ;?9?+ TC84=]84+ =9?54G85B85=84F+ &:8+ 84=X+ HC6=2+ :6M?B2+ ?+ 96=C?64+ 8+G264?4+H?=896?64F+W_M2.V8:72S+G2578G85B2+4C?+B6Q6GC:B?B8+;?9?+TC84=]84+84;696=C?64S+65=85=?+65G85=6V?9+?+H8B6=?\A2+8+?+29?\A2F+D2H2+U+CH+G2H;?578692+HC6=2+TC896B2S+;?6.V8:72+ ;8B6C+ G89=?4+ G264?4+ ;?9?+ 8:8F+ W?+ V89B?B8S+ 2+ Q?=2+ B8+ ?G29B?9+ =A2+ G8B2+ 8+G2:789+?4+924?4+;?9?+ =2H?9+2+3?572+5A2+ =8H+=?5=?+ 6H;29=`5G6?+?446HS+H?4+65B6TC86+6442+G2H2+Q29H?+B8 B84;89=?9+?+H85=8+B8:8+;?9?+?+H8B6=?\A2F+08V?5=?5B2+H?64+G8B2S+84=?9X+G2H+?+H85=8+H?64+B64;24=?F+e?L85B2+?4+29?\]84+?5=84+8+BC9?5=8+2+3?572S+8:8+48+465=256L?9X+G2H+?4+Q29\?4+42389?5?4+B?+V6B?+8S+?2 :8V?9+2+984=?5=8 B?4+;U=?:?4+;?9?+2+96?G72+TC8+48+:2G?:6L?+B64=?5=8S+8:8+=89X+B8+;854?9+52+TC8 :8CS+H8C+Q6:72F+

D2H+ CH+ H64=2+ B8+ 4C9;984?+ 8+ ?BH69?\A2S+ 2CV6+ 2+ &4;<96=2+ ?998H?=?9+ 4C?4+8[;:6G?\]84>+

q+ ,?6+ @2A2+ 84=X+ C=6:6L?5B2+ 8:8H85=24+ H?=896?64+ ;?9?+ B84;89=?9+ TC84=]84+84;696=C?64F+$:UH+B2+H?64S+H8C+ Q6:72+;98G64?+H84H2+ =2H?9+3?572S+?Q65?:S+2+G78692+B?4+924?4+U+;98Q89<V8:+?2+B8+4C29+2C+B?+Q?:=?+B8+3?572S+5A2+Uw

Nh " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

#8H+:6H6=84+;?9?+489 +Q8:6L+

,$*+@(v(+'&+$)f$W'$+

^8C+Q6:72S+;29+TC8+48+85=98M?9+i+=964=8L?w+^8:?5G2:6?+8+B8;9844A2+5A2+ :8V?H+?+:CM?9+?:MCH+?+5A2+489+i+H29=8+2C+?2+

724;6=?:F+$;985B?+?+48+2GC;?9+G2H+G264?4+32?4S+?+;89G8389+2+:?B2+32H+=CB2+8+V8Y?+TC?5=2+ Q?:=?+ ?65B?+ ;29+ 98?:6L?9F+ g85=8+ B8;96H6B?+ 8+ =964=8+ 5A2+ ;92BCL+ TC?:6B?B8F+s+;98G642+ B?9+H?64+ V?:29+?+ V2G_+H84H2F+$+V6B?+ ;8B8+H?629+ TC?:6B?B8F+&5=85B?+ TC8+V2G_+U+984;254XV8:+;29+=CB2+2+TC8+84=X ?G25=8G85B2+G2H+V2G_+H84H2F+

*442+2+?44C4=?w+^?4+U+6442+H84H2F+/2G_+4a+84=X+?446H+;29TC8+V2G_ ;89H6=8F+#?38+2+TC8+:78+Q?:=2CS+H8C+Q6:72w+e?:=2C+48542+B8+:6H6=8F+06H6=8+;?9?+V2G_+8+:6H6=84+;?9?+24+2C=924F+/2G_+;89B8C+2+G25=92:8+B?+46=C?\A2+8 ?M29?+:?H85=?F+*442+5A2+?B6?5=?F+$=6=CB84+ B8992=64=?4+ 5A2+ 9842:V8HS+ ?;85?4+ ?;92QC5B?H+ 24+ ;923:8H?4F+ s+ ;98G642+;96H8692+G254G685=6L?9.48+B8+TC8+565MCUH+U+984;254XV8:+;8:?+4C?+65Q8:6G6B?B8S+?+5A2+489+V2G_+H84H2F+

^?4+8H+G2H;854?\A2S+42H85=8+V2G_+U+G?;?L+B8+98V89=89+46=C?\A2F+e6G?9+8H+G?4?S+;9842+8H+:?H85=?\]84S+B848Y?5B2+?+H29=8+5A2+Q?9X+V2G_+ Q8:6LS+5A2+=9?9X+2+42:+;?9?+ ?+ 4C?+ V6B?F+ 08V?5=8.48S+ 2C48S+H2B6Q6TC8+ ?+ 46=C?\A2F+$99CH8.48S+ V64=?.48+ G2H+H?629+ GC6B?B2+ 8+ G?96572S+?;985B?+ ?+ 48+ ;89QCH?9+ G2H+2+4299642+ 8+ 4?6?+ ;8:2+HC5B2+G?5=?5B2+8+B?5\?5B2+;?9?+?+V6B?F+$39?+CH+4299642+:?9M2+8H+48C+924=2F+

D2578\?+8+Q?\?+52V24+?H6M24S+G2578\?+;8442?4+B6Q8985=84F+W2+HC5B2S+H8C+Q6:72S+7X+4864+36:7]84+B8+;8442?4F+,29+TC8+48+;985B89+?;85?4+?+84=8+G<9GC:2+98BCL6B2+B8+ M85=8+ B8;96H6B?w+ #?6?+ ;?9?+ ?+ V6B?+ 8+ ;?9?+ V6V89F+ D25TC64=8+ 48C+ 84;?\2S+ 4C?+Q8:6G6B?B8+8+48C+HC5B2F+

'8;9844A2+ U+ ;?9?+ TC8H+5A2+ TC89+ Q?L89+ 5?B?S+mC8H+ =9?3?:7?+ ;8:?+ ;9a;96?+Q8:6G6B?B8+8+;8:?+G25TC64=?+B?+V6B?+5A2+85G25=9?+=8H;2+;?9?+48+:?H85=?9F+

/?:86.H8S+H657?+#?5=?+-898L?+^8+V?:86 H657?+#?5=?+*4?38:F+^8+V?:86S+H8C ?5Y2+B?+MC?9B?F+$6S+H8C+'8C4S+H8+V?:86S+H8C+#A2+g?3968:F

NR " $8#*:"!(8&:*&'!*;"&<*=)"&

)2H?9 6?+

)(%#(W+,*W1&*)(+

,?6+@2A2 H8+G25=2C+TC8S+TC?5B2+V6V6?+5?+%?76?+?;a4+?+4C?+9885G?95?\A2 5?4+Q?L85B?4+;895?H3CG?5?4+=657?+CH+M24=2+;?9=6GC:?9+;29+G89=?+G?5\A2+GCY?+:8=9?+Q?:?V?+B8+B6V89424+4?5=24S+8+TC8+ 2+?G2H;?57?V?+524+H2H85=24+M9?V84+ 8+B8+B6Q6GC:B?B84F+,89MC5=86+ ?+ 8:8+ ;29TC8+ 8V2G?9+ 4?5=24+ 8+ ?5Y24S+ :6M?5B2.48+ ?+ CH?+ =9?B6\A2+ 38H+G?=a:6G?S+8+8:8+H8+984;25B8C>+

.+ ^8C+ Q6:72S+ 5?+ 729?+ B2+ 42Q96H85=2+ 5A2+ =8H+ :CM?9+ ;?9?+ 29MC:72S+ 5A2F+ $+M85=8+ ;8B8+ ?+ =2B2+ 2+ HC5B2+ H84H2F+ #A2+ =?5=24+ 4?5=24+ 8+ ?5Y24+ 65V85=?B24+ ;8:24+;?B984FFF+&S+48+B8+98;85=8+?:MCH+B8:84+84=6V89+B84?=85=2+8+CH+2C=92+Q?:78S+48H;98 =8H+H?64+CHy+$+M85=8+M96=?+;29+=CB2+TC8+U+4?5=2+8+?65B?+?99?5Y? H?64+?:MC54F+

D2H;:8H85=?V?>+W2+%9?46:S+H8C+Q6:72S+?+M85=8+V_+CH+;2V2+B8+QU+8+G29?M8H+B6?5=8+ B2+ 42Q96H85=2F+ '2H65M2S+ =2B2+ HC5B2+ V?6+ i+ H644?F+ x+ 526=8S+ i+ 6M98Y?+8V?5MU:6G?S+G:?H?9+;8:2+4?5MC8+B8+@84C4F+^?64+=?9B8S+:X+84=A2+?4+H84H?4+;8442?4+52+G85=92+84;<96=?S+=2H?5B2+2+;?448+8+?+XMC?+Q:C6B6Q6G?B?S+?=85=?4+i4+;?:84=9?4F+^?4+6442+=CB2S+ H8C+ Q6:72S+ U+ ?5=84+ B?+ B6Q6GC:B?B8+ ?;89=?9+ H84H2F+ W844?+ 729?S+ ?=U+ 24+ H?64+29=2B2[24+98G2998H+?24+;?64.V8:724F+

mC?5=2+B696M85=8+B8+G85=92+84;<96=?+7X+TC8+5A2+?BH6=8+;?6.V8:72 =9?3?:7?5B2+8+HC6=?4+ V8L84+ G96=6G?+ 24+ ;98=2.V8:724FFF+W?+729?+ M9?V8S+ 48+ ?Y28:7?+ ?24+ ;U4+ B8+ CH+HUB6CH+ 5CH+ =8998692+ TC?:TC89F+ $3?=8+ 48C+ 29MC:72S+ 85M2:8+ ?4+ ;98=854]84+ 8+ ;8B8+?YCB?+?+58M2.V8:72F+&448+U+2+98=9?=2+B?+=899?+39?46:869?S+H8C+Q6:72S+=899?+32?S+Q9?=895?+8+?H6M?F+mC?5B2+Q6G?+B6Q<G6:S+G?B?+CH+4?6+;8B65B2+?+CH+4?5=2F+/?6+TC8+8:8+?=85B8S+5A2+US+H8C+Q6:72w+W65MCUH V?6+98G:?H?9FFF

Nn " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

#2:C\A2+46H;:84+

,$*+@(Z(+'&+$)f$W'$+

,9?+TC8+G729?9w+,29+TC8+48+:?H85=?9w+(+=8H;2+TC8+V2G_+M?4=?+B899?H?5B2+:XM96H?4+U+2+H84H2+TC8+V2G_ M?57?96?+

G254=9C65B2+?:M2+B8+;246=6V2+8H+4C?+V6B?F+/2G_+ Q6G?+ ?6+ G729?5B2+ 8+ 98G:?H?5B2S+ GC9=65B2+ 9?6V?+ 8+H?M2?+ 8+ TC8H+ ?2+

H8524+4?38+TC8+V2G_+U+2+H?629+;98YCB6G?B2w+,96H869?H85=8+;89B8+CH+=8H;2+HC6=2+;98G6242+ G2H+ 844?+ :?Hd96?+ =2B?S+ B8;264S+H8C+ Q6:72S+ V2G_+ ;?44?+ ;29+ G7?=2+ 8+ Q9?G2+B6?5=8+ B?TC8:84+ TC8+ 8:8M8+ ;?9?+ 2CV69+ 4C?4+ HXM2?4F+ &+ B8;264w+ %8HS+ ?446H+ 48+:?H85=?5B2S+ ;89B8+ ?+ 2;29=C56B?B8+ B8+ B?9+ ?+ V2:=?+ ;29+ G6H?+ 8+ Q?L89+ ?:MCH?+ G264?+98?:H85=8+32?+B8+4C?+V6B?F+

#8C+Q<M?B2+QC5G625?+H?:o+V2G_+;89B8+?+526=8+B8+4252+Q?L85B2+=89?;6?+G2H+2+=9?V8448692+8S+?2+?G29B?9S+ Q6G?+ Q862S+G2H+2:7869?4+8+B8+H?C+7CH29F+'84G2398+85=A2+TC8+48C4+;923:8H?4+G25=65C?H+24+H84H24+B8+?5=84+8+TC8+;89B8C+? 526=8+8H+VA2F+

,29+ 6442S+ Q6:72S+ ;?98+ G2H+ 844?+ 46=C?\A2+ ?M29?+H84H2+ 8+ ?99?5TC8+ B8+ V2G_+844?+9?6V?F+/2H6=8+8448+aB62+8+9?5G29S+?5Md4=6?+8+:?H85=?\A2F+WA2+;89H?58\?+H?64+=8H;2+?M?4?:7?5B2+B29F+

#8+ V2G_+ 9842:V89+ ?M29?+ 6B85=6Q6G?9+ ?+ G?C4?+ B8+ =?5=?+ ?5Md4=6?S+ G7292+ 8+98G:?H?\A2S+ ?;24=2+ TC8+ 5A2+ G2548MC69X+ H?64+ 4?389+ ?+ 9?LA2F+ s+ TC8+ V2G_+ 84=X+?G24=CH?B2+?+ Q?L89+ =8H;84=?B8+8H+G2;2+B}XMC?F+DC6B?B2S+=8H+M85=8+TC8+48+?Q2M?+5?4+;9a;96?4+:XM96H?4F+

08V?5=8+?+G?38\?+8+=2H8+CH?+B8G64A2+65=8:6M85=8F+$Y?+G2H+4?38B296?F+/2G_+U+ Q6:72+B8+'8C4+8+ 69HA2+B8+W2442+#85729+@84C4+D964=2F+-8H+CH?+V6B?+ 65=869?+;8:?+Q985=8+ ?MC?9B?5B2+ V2G_S+ ;?9?+ 489+ V6V6B?+ G2H+ TC?:6B?B8F+ WA2+ ;89G?+ =8H;2+ G2H+:?H85=?\]84FFF+08V?5=8.48+8+?5B8y+@84C4+84;89?+V2G_+;?9?+=9?54Q29H?9+2+HC5B2+5CH+:CM?9+HC6=2+H8:729S+G2H8\?5B2+8H+V2G_ H84H2F+

&H M89?:S+?+8589M6?+TC8+48+8H;98M?+;?9?+B899?H?9+:XM96H?4+B8+:?H85=?\A2 U+?+H84H?+TC8+V2G_+ 65V84=8+TC?5B2+?C[6:6?+2+;9a[6H2F+,8548+56442S+H8C+ Q6:72S+8+VX+8H+Q985=8F+$+Q8:6G6B?B8+?MC?9B?+;29+V2G_F+

mC8H+V8H+B8+:X+8+B8+=A2+:25M8w+s+24+;98=24.V8:724+TC8+V_H+=9?3?:7?9+'?6.H8+Q29\?+;8:2+?H29+B8+'8C4y+~+H8C+,?6S+B?6.H8+Q29\?4+;924+=9?3?:724 H8C4y

Nb " $8#*:"!(8&:*&'!*;"&<*=)"&

fH?+4a+?5B29 657?+Q?L+V89A2+

)(%#(W+,*W1&*)(+

08H392.H8+B8+G89=?+2G?46A2+8H+TC8+,?6+@2A2+48+?;98485=?V?+;?9?+2 =9?3?:72+8+G25V894?V?+G2H+?:MCUH+TC8+H?56Q84=?V?+4C?+654?=64Q?\A2+G2H+?4+TC84=]84+B?+V6B?+8+ G2H+ ?+ Q29H?+ G2H2+ V657?+ B848H;857?5B2+ 4C?4+ ?=6V6B?B84+ 52+ G85=92+ 84;<96=?F+$:MC54+ B6?4+H?64+ =?9B8S+ 8448+H84H2+ 65B6V<BC2+ 48+ 85V2:V896?+ 5CH?+ B64GC44A2+ TC8+;92V2G?96?+ 48C+ ?Q?4=?H85=2+ =8H;29X962+ B2+ M9C;2+ Q?=2+ TC8+ 5a4+ B84G2578G<?H24+iTC8:?+?:=C9?+B24+?G25=8G6H85=24F+&+,?6+@2A2+B6L6?>+^8C+Q6:72S+5a4+?H?H24+524424+HUB6C54F+

#8H+ 524424+ G?V?:24+ 5A2+ =8H24+ G?H;2+ B8+ =9?3?:72F+ &+ 5a4+ ?H?H24+ =?5=2+524424+ HUB6C54+ TC8S+ TC?5B2+ 8:84+ G?8HS+ 5a4+ YX+ 524+ 85G25=9?H24+ 52+ G7A2+ ;?9?+?H;?9?9+24+Q6:724+B8+58M2.V8:72F+$446HS+?+M85=8+?H29=8G8+?+TC8B?+B8+H8C4+Q6:724S+TC8+G?8H+42398+24+39?\24+B8+,?6+@2A2F+

/2:=?5B2.48+;?9?+=2B2+2+M9C;2+98C56B2S+;92448MC6?+8:8>+q+/2G_4+?G?42+;854?H+TC8+B86[?H24+B8+?H;?9?9+?4+;8442?4+TC8+;?44?9?H+

;8:2+=9?3?:72+4a+;29TC8+72Y8+YX+5A2+Q?L8H+H?64+;?9=8+B?+8TC6;8+?TC6+98C56B?w+1X+24+G2H8=?4S+TC8+;?44?HS+8+7X+?4+84=98:?4S+TC8+396:7?H+BC9?5=8+H?64+=8H;2+52+C56V8942+B84=?+ 48?9?F+ ^?4+ 844?+ B64=65\A2+ 5A2+ 6H;]8+ TC8+ B86[8H24+ B8+ ?G2H;?57?9S+ 524+85V2:V89+ 8+ 524+ 65=89844?9+ ;29+ ?TC8:?4+ G96?=C9?4+ TC8+ Q29?H+ 6H;29=?5=84+ ;?9?+ 2+=9?3?:72F+ kg9?=6BA2+ U+ H8Ha96?+ B2+ G29?\A2lS+ ?Q69H?+ ?+ HX[6H?F+ D?B?+ ;8442?+ TC8+65V84=6CS+ ;29+ CH+ 654=?5=8+ TC8+ 48Y?S+ 52+ =9?3?:72+ B24+ *H29=?64S+ =295?.48+H898G8B29?+8=895?+B8+48C+?H;?92+8+;92=8\A2F+/2G_4+;2B8H+?=U+48+84TC8G89+B8+65G:C69+24+52H84+B?TC8:84+G2H;?5786924+8H+4C?4+;98G84S+H?4+58M2.V8:72+=8H+CH+H85652+984;254XV8:+;29+G?B?+=9?3?:7?B29+TC8+;29+?TC6+;?442CF+$446H+58M2+48+H?5=UH+65Q29H?B2+B8+=CB2+TC8+84=X+2G29985B2+G2H+48C4+Q6:724FFF+

D2H+ 8448+ ;854?H85=2+ 8H+ H85=8S+ 65dH89?4+ V8L84+ ;98485G686+ ,?6+ @2A2+H236:6L?9+8529H84+98GC9424+B8+=8H;2+8+8589M6?+8H+Q?V29+B8+CH+4a+65B6V<BC2S+2C+8H+;92:+ B8+ CH+23Y8=6V2+ TC8+ ;2B896?+ 489+ G2546B89?B2+ ;29+HC6=24+ B8+H8529+ 98:8V`5G6?S+B6?5=8+B8+=?5=24+?Q?L8984+8+984;254?36:6B?B84F+

W2+G?42+G6=?B2+52+65<G62+B84=?+5?99?=6V?S+Q6L8H24+CH?+98C56A2+423+?+=C=8:?+B8+ ,?6+ @2A2F+ ;92GC9?5B2+ ?:6V6?9+ 2+ G2H;92H8=6H85=2+ 84;696=C?:+ 8+ 8589MU=6G2+ B2+G2H;?578692+85V2:V6B2F+

k^8+B_+BC?4+729?4S+TC8+V2C+V69?9+?+46=C?\A2lF+mC896?+B6L89+TC8+6?+98V89=89+2+;92G8442+52+G?H;2+B24+;854?H85=24+8+8H2\]84+8+TC8+=9?96?+?+;8442?+B8 V2:=?F+'6=2+8+Q86=2>+52+=89G8692+B6?S+2+=9?3?:7?B29+84=?V?+B8+V2:=?+i4+?=6V6B?B84F+'8;264S+V696?H+?4+G2548TC_5G6?4o+ 52+ H2H85=2S+ ?;85?4+ 2+ 42G2992+ 8H89M85G6?:+ 65=89844?V?S+ V64?5B2+?H856L?9+?4+B6Q6GC:B?B84+QC=C9?4F+

$YCB?9+ 48H+ 6H;29+ G25B6\]84+ 8+ H2V6H85=?9.48+ 8H+ Q?V29+ B8+ CH?+ ?:H?S+;29TC8+8:?+U+6H;29=?5=8S+H898G8B29?+B8+=2B2+2+?C[<:62F+e?L.H8+:8H39?9+B?4+;?:?V9?4

OJ " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

B8+@84C4S+98M64=9?B?4+52+&V?5M8:72>+k#8+CH+72H8H+=6V89+G8H+2V8:7?4S+8+CH?+B8:?4+48+8[=9?V6?9S+5A2+B86[?9X+8:8+

?4+52V85=?+8+52V8+524+H25=84+8+69X+8H+3C4G?+B?+TC8+48+B84M?992Cw+&+48+?+?G7?S+8H+V89B?B8+V24+B6M2+TC8+H?629+;9?L89+=8H+;29+?TC8:?+B2+TC8+;8:?4+52V85=?+8+52V8+TC8+5A2+48+B84M?99?9?HF+$446H+=?H3UH+5A2+U+?+V25=?B8+B8+V2442+,?6+TC8+84=X+524+GUC4+TC8+CH+B84=84+;8TC856524+48 ;89G?l+t^?=8C4S Kn>K!.KOuF+

^856524>+H?5869?+;9a;96?+B8+,?6+@2A2+B846M5?9+24+&4;<96=24+MC?9B6]84+TC8+48+85G25=9?H+423+48C+G2H?5B2F+

D?V?:24>+H?5869?+;8GC:6?9+B8+48+98Q8969+?24+HUB6C54S+C4C?:+5? fH3?5B?F+^657?4+=9_4+84=98:?4S+H657?4+-9_4+^?96?4+D78M2C+4C?+729?S+YX+G78M2C+48C+B6?F+^657?4+=9_4 84=98:?4S+H657?4+=9_4+485729?4+D78M2C+48C+B6?S+YX+G78M2C 4C?+729?F

OK " $8#*:"!(8&:*&'!*;"&<*=)"&

06389B?B8+

)(%#(W+,W1&)(+

$G98B6=2+TC8+?+G?5\A2+k^657?4+=9_4+84=98:?4FFFl+Q26+2+Y86=2+84G2:76B2+;29+,?6+@2A2+ ;?9?+ Q?:?9+ ?+ CH?+ HA8+ ?5MC4=6?B?+ ?G89G?+ B?+ Q?48+ TC8+ 48C4+ =9_4+ Q6:724+ ;9U.+?B2:84G85=84+V6V6?HF+$+G78M?B?+B?+?B2:84G_5G6?+B24+ Q6:724+U+ 48H;98+CH+H2H85=2+B8+85G9CL6:7?B?+;?9?+24+;?64F+s+729?+B8+;92QC5B?4+=9?54Q29H?\]84+8H+G?B?+CH+B24+85V2:V6B24+8+=?H3UH+52+98:?G625?H85=2+85=98+8:84F+

08H392+ TC8+ 2+ ?;a4=2:2+ ,?C:2+ 84G98V8C>+ kmC?5B2+ 8C+ 89?+ H85652S+ Q?:?V?+G2H2+ H85652S+ ;854?V?+ G2H2+ H85652S+ 9?G62G65?V?+ G2H2+ H85652F+ ^?4+ :2M2+ TC8+G78MC86+?+489+72H8HS+?G?386+G2H+?4+G264?4+B8+H85652l+t* D29<5=624S+KN>KKuF+

&44?+=9?546\A2+5A2+48+BX+48H+=C93C:_5G6?4F+k@X+G78M2C+48C+B6?S+YX+G78M2C+4C?+729?lF $+HA8+;98G64?V?+G2H;9885B89+TC8S+

;29+ H?64+ B6Q<G864+ TC8+ Q2448H+ ?4+ 84G2:7?4+ B8+ 48C4+ Q6:724S+ 8:?+ B8V896?+ ?;985B89+ ?+G25V6V89+ G2H+ 8:?4+ 8+ 4?389+ 984;86=X.:?4F+ $+ ;?9=69+ B?:6S+ ?+H?=C96B?B8+ 24+ 2396M?96?+ ?+=2H?9+H?64+8+H?64+B8G64]84+?H;?9?B?4+8H+48C+;9a;962+YC<L2S+8+YC4=?H85=8+6442+U+TC8+;89H6=696?+2+B8485V2:V6H85=2+B?+G254G6_5G6?+B8+4898H+984;254XV864+;8:24+;9a;9624+?=24F+

#8H+ ?;98M2?9+ ?+ :6389=65?M8HS+ ,?6+ @2A2+ TC896?+ B6L89+ G2H+ 4C?+ G?5=6M?+ TC8+?TC8:8+ 89?+ CH+ ;92G8442+ 6998V894<V8:S+ G7?H?B2+ ?H?BC98G6H85=2S+ 8+ TC8+ 89?+ 65d=6:+98464=69+?+8:8S+2C+H8B69+Q29\?4+G2H+?+V6B?F+(4+Q6:724+B8V896?H+G984G89S+?+HA8+B8V896?+B?9.:784+ ?+ 2;29=C56B?B8+ B2+ 8TC<V2G2+ 8+ B2+ ?;985B6L?B2S+ G2H2+ 8:?+ H84H?+ CH+ B6?+G25TC64=2CS+;92V2G?5B2+q+TC8H+4?38w+q+?5Md4=6?+48H8:7?5=8+52+G29?\A2+B8+48C4+;?64F

O! " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

&4=98:?+

,$*+@(v(+'&+$)f$W'$+

mC8+U+6442S+H8C+Q6:72w+/2G_+ Q26+ Q86=2+ ;?9?+ 396:7?9FFF+ ,29+ TC8S+ 85=A2S+ =?5=?+ V89M257?+ ?446H+ 8H+ 48+

8[;29w+,29+TC8+=?5=?+3?6[?.84=6H?w+$G29B8+;?9?+?+V6B?+8+85=98MC8.48+i4+G29985=8L?4+B2+?H29F+e26+@84C4+TC8H+B6448+TC8+42H24+B8C484S+42H24+:CL84F+^?4+?+:CL+B8V8+489+G2:2G?B?+38H+?:=2S+?+Q6H+B8+6:CH65?9+=2B?+?+G?4?F ,29=?5=2S+396:78S+6:CH658S+?;?98\?F+

#8+ V2G_+ ;98=85B8+ ;?44?9.48+ ;29+ 7CH6:B8S+ 8+ B8448+ H2B2+ B848Y?+ Q6G?9+84G25B6B2S+ 24+ 2C=924+ ?65B?+ ?446H+ Q?:?9A2+ B8+ V2G_>+ B69A2+ TC8+ U+ G2V?9B8F+ #a+ 24+G2V?9B84+ 48+ 84G25B8HS+HC9G7?H+8+ 48+ 65638H+B6?5=8+ B?+ V6B?F+ #8+ TC89+ ;89H?58G89+?;?M?B2S+ 8+ B8448+ H2B2+ 9842:V8+ Q6G?9+ 42H85=8+ B85=92+ B8+ G?4?S+ B69A2+ TC8+ U+;98MC6\242FFF+

,29+6442S+H8C+Q6:72S+5A2+48+?G?578+8H+48+H24=9?9S+8H+?;?98G89S+8H+489+CH?+G?5B86?+8H+G6H?+B2+?:TC8698S+G2H2+?Q69H?+?+;?9X32:?F+k/a4+4264+2+4?:+B?+-899?l+q+B6448+ W2442+ #85729F+ &S+ ;8:2+ TC8+ 486S+ U+ 6H;244<V8:+ TC8+ 2+ 4?:+ ;?448+ B84;89G836B2F+@84C4+H84H2+?4465?:?V?+8448+ Q?=2>+k#8+2+ 4?:+ Q29+ 654<;6B2S+G2H2+7?V89X+B8+4?:M?9+?+H?44?wlF+

(+ B84=652+ B8+ =2B24+ U+ 396:7?9+ 52+ 38HS+ 98?:\?9+ 2+ :?B2+ 32HS+ U+ H24=9?9.48+2=6H64=?+ 8+ ?:=2.?4=9?:S+ G2H2+ 48+ B6L+ 72Y8+ 8H+ B6?F+ (+ ;8446H64H2S+ ?+ B8;9844A2+ 8+ ?+=964=8L?+4A2+84=?B24+?:=89?B24+B8+7CH29+8+=?H3UH+98;98485=?H+B285\?4+B?+?:H?F+

08V?5=8+ ?+ G?38\?S+ G984\?S+ ?;?98\?+ 8+ 42996?+ ;?9?+ ?+ V6B?F+ /2G_+ U+ CH+98;98485=?5=8+ B8+ @84C4S+ CH+ 8H3?6[?B29+ B?4+ 84=98:?4F+ WA2+ 7X+ G2H2+ 48MC69+ @84C4+ 8+;89H?58G89+84G25B6B2+G2H+G25G86=24+ Q?:424+B8+7CH6:B?B8F+#8MC69+2+38H+2C+48MC69+@84C4+46M56Q6G?+8[;29.48S+?;?98G89S+489+B6Q8985=8+2C+?;98485=?9+CH+B6Q8985G6?:S+TC8+48+G7?H?+TC?:6B?B8F+

WA2+ 48+ B86[8+ ?3?=89F+ /2G_+ Q26+ Q86=2+ ;?9?+ 489+ Q8:6L+ 8S+ G2H2+ CH?+ Q:29S+;89QCH?9S+489+38:2S+Q8:6L+8+G25=963C69+;?9?+TC8+2+HC5B2+48Y?+HC6=2+H8:729F+

08V?5=8.48+8+=2H8+;2448+B?+Q8:6G6B?B8F+#8+ TC?:TC89+ CH+B64489+ TC8+ V2G_+ TC89+ ?;?98G89+ 2C+ TC8+ 84=X+ B848Y?5B2+ 489+

84=98:?S+?BH6=?+TC8+U+6442+H84H2F+#8+?:MCUH+5A2+B848Y?+G984G89S+?;?98G89+2C+8[;29+2+48C+:?B2+32H+8+489+CH?+84=98:?+52+;?:G2+B?+V6B?S+85=A2+85G25=9?.48+B285=8F+,98G64?+C9M85=8H85=8+B8+=89?;6?+B?+=89?;6?+B8+?C=2?H29+8+?C=2V?:296L?\A2+B2+&V?5M8:72F+

D25=65C8+ V2G_+ ?+ 396:7?9+ 8+ 6:CH658+ ?+526=8+ B2+HC5B2+ G2H+?+ :CL+ TC8+ B8V8+699?B6?9+B8+V2G_+H84H2F+

k/a4+ 4264+ 2+ 4?:+ B?+ -899?S+ Va4+ 4264+ ?+ :CL+ B2+HC5B2lF+ *442+ U+ ?+H?64+ ;C9?+V89B?B8+8+5A2+Q26+58M2.V8:72+TC8H+Q?:2CS+Q26+@84C4S+W2442 #85729F+

D?H657?5B2+B8V?M?9S+;98=2.V8:72+V?6+?B6?5=8F+WA2+B8=857?+24+;?4424S+Q6:72S+;?6.V8:72+B6L>+$V?5=8y+(+G?H6572+84=X+B6Q<G6:w+$\A2+2C+=8H;84=?B8w+,89H?58\?+52+G?H6572S+?=U+TC8+4C9Y?+G:?96B?B8F

ON " $8#*:"!(8&:*&'!*;"&<*=)"&

fH?+G7?5G8+?2+?H29 +

,$*+@(Z(+'&+$)f$W'$+

'dV6B?w+0?H85=?\A2w+D29?\A2+42Q96B2w+WA2+48+85=98MC8S+H8C+Q6:72F+&9M?.48+;?9?+?+V6B?F+-2B2+234=XGC:2+U+B84?Q62+

B6V652+;?9?+?+G25TC64=?+B?+Q8:6G6B?B8F+WA2+48+;89H6=?+:?H85=?9.48+8+42Q989F+'8C4+?398+?4+ Y?58:?4+B?+V6B?+;?9?+TC8+48C4+ Q6:724+?;985B?H+?+V?:296L?9+?4+

G264?4+38:?4+8+32?4F+WA2+Q6[8+2+;854?H85=2+52+H?:+?;?985=8F+&4Q29G8.48+;?9?+98?:\?9+2+ :?B2+ 396:7?5=8S+ ?4+ G264?4+ 32?4+ 8+ ;246=6V?4+ 8+ ?4+ 46=C?\]84+ H?64+ Q8:6L84F+ mC?5B2+?:MCUH+Q6[?+CH?+;8B9?+52+G?H6572S+?2+2:7?9+8H+V2:=?+?+V64A2+84=?9X+V6G6?B?+8+V89X+H?64+;8B9?4+;92Y8=?B?4+?+4C?+V2:=?F+,92GC98+?H?9+H?64+8+85G25=9?9XS+8H+2C=92+:CM?9S+CH?+;8442?+TC8+48+465=256L8+G2H+V2G_S+(+?H29+U+G2H2+CH+3CH89?5MC8S+V2G_+Y2M?+8+8:8+48H;98+V2:=?S ?G2H;?57?B2+B8+2C=92+G29?\A2F+WA2+?B68+?+4C?+Q8:6G6B?B8F+

&5TC?5=2+V2G_+5A2+85G25=9?9+?+;?L+B848Y?B?+8+?+ Q8:6G6B?B8+5?+G?H657?B?S+?;985B?+?+489+CH+H854?M8692+B?+V6B?S+:8V?5B2+8448+?H29+98;984?B2+?+2C=9?4+;8442?4+TC8+84=A2+?2+48C+:?B2F+-?:V8L+V2G_+5A2+=857?+;?9?B2+;?9?+;89G8389+TC?5=?+M85=8+84=?+G:?H?5B2+;29+ CH?+H6M?:7?+ B2+ 48C+ G?96572+ 8+ B2+48C+ ?H29F+$44CH?.48S+H8C+ Q6:72F+$44CH?+2+?H29F+-857?+G29?M8H+B8 V85G89+24+B84?Q624+8+;92448MC69+?+4C?+G?H657?B?S+e8:6G6B?B8+5A2+G?6+B2+GUCS+G2H2+G7CV?F+&:?+48H;98+B8V8+489+G25TC64=?B?S+8S+?Q65?:S+V2G_+5A2+U+B6Q8985=8+B24+ 2C=924F+-2B2+HC5B2+4a+ G25TC64=?+?+ Q8:6G6B?B8+?=9?VU4+B8+HC6=?+B8B6G?\A2S+=9?3?:72+8+?H29F+

*42:?9.48+;29+9838:B6?+5A2+2+:8V?9X+?+5?B?F+,89H6=?.48+652V?9>+85=98MC8.48+i+V6B?+8+V6398+8H+465=256?+G2H+?TC8:84+TC8+2+?H?HS+B_+CH?+G7?5G8+?+ 46+H84H2F+s+;98G642+ G29?M8H+ ;?9?+ 489+ Q8:6LS+ ?446H+ G2H2+ U+ ;98G642+HC6=2+ =8H;2+ ;?9?+ 485=69.48+Y2V8HF+

s+6442+?<S+H8C+Q6:72S+85[CMC8+?4+:XM96H?4S+;?98+B8+:?H85=?9.48+8+?;9CH8.48F+&5Q86=8.48+B8+4299642+8+B8G298+4C?+V6B?+G2H+2+38:2F+

#a+B8;85B8+B8+V2G_+489+ Q8:6L+?TC6+8+?M29?F+mC8H+?H?+48+85V2:V8o+5A2+48+?Q?4=?+B24+2C=924+8+58H+48+85=98MC8+i+ Q?:4?+ 6B86?+B8+42:6BA2F+#a+ Q6G?H+4a4+?TC8:84+TC8+5A2+?H?HF+

e6:72+TC8 5A2 238B8G8+;?6S+TC8+5A2+238B8G8+HA8+W8H+238B8G8+;?B96572+&:8+Q6G?+52+H862+B?+84=9?B?S+&:8+Q6G?+G729?5B2+52+H862+B2+G?H6572F

OO " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

#2:6B?9 68B?B8+B64G98=?+

)(%#(W+,*W1&*)(+

'C9?5=8+CH?+98C56A2+H8B6d56G?S+,?6+@2A2+524+?329B2C+G?5=?5B2S+48H+5?B?+Q?:?9F+,?9?+?:MC54S+;92V?+B8+65Q896296B?B8+q+?Q65?:S+&4;<96=2+5A2+;98G64?+G?5=?9F+WA2+U+?+H?5869?+7?36=C?:+B8+CH &4;<96=2+=9?3?:7?9S+?2+H8524+5?4 :6B84+84;<96=?4F+D25=CB2S+,?6+ @2A2S+ TC8+ 5A2+ ;244C6+ G2H;92H6442+ G2H+5857CH?+ 84;UG68+ B8+ 8=6TC8=?+ 2C+ G2H+GaB6M2+ B2+ 4=?=C4+ TC8+ H8B6d56G2S+ TC896?+ G7?H?9+ ?+ ?=85\A2+ B8+ B8=89H65?B2+G2H;?578692+B8V6B2+?+4C?+?=6=CB8 ;?9?+G2H+?+Q?H<:6?F+'8+Q29H?+?:MCH?+;2B896?+Q?:?9+?389=?H85=8F+$446HS+B8V6B2+i+;9a;96?+U=6G?+8+?2+32H+48542S+TC8+5A2+;89H6=8+8[;29+46=C?\]84+;96V?B?4+B6?5=8+B8+=2B24S+4?:V2+8H+G?424+84;8G6?64+;98Q896C+G?5=?9S+5?+4C?+V2L+B8+3?9<=252S+CH?+G?5\A2+G?32G:?S+GCY24+V89424+465M8:24+98V8:?V?H+TC8+4?36?+2+TC8+2G2996?+G2H+2+G?4?:F+

(+&4;<96=2+?H6M2+;244C6+CH+Y86=2+=2B2+84;8G6?:+;?9?+B8H254=9?9S+?+TC8H+U+B8+65=898448S+TC8+4?38+2+TC8+48+;?44?+524+G29?\]84+8+G2578G8+2 ;854?H85=2+B?TC8:84+TC8+G:?H?H+;29+?C[<:62+8+42:6B?96L?.48+G2H+?+B29+?:786?F+

,CB8+ V_.:2+ ?M65B2+?446H+ ?=9?VU4+ B?+H8B6C56B?B8+B8+H657?+HA8S+&V896:B?+%?=64=?S+ TC?5B2+ ?4+ 46=C?\]84+ 48+ 98Q896?H+ ?2+ 52442+ G<9GC:2+ Q?H6:6?9S+ 58H+ ?446H+ 8:8+8[;C57?+5244?4+B6Q6GC:B?B84F+12Y8S+TC?5B2+98:8H392+2+;?44?B2S+H?64+?65B?+?BH692+2+V?:29+B8448+84;<96=2F+^84H2+4?385B2+B?4+5244?4+B8Q6G6_5G6?4S+58H+;29+CH+H2H85=2+?;92V86=?.48+B8+48C+G2578G6H85=2+;?9?+4CY86=?9.524+?+TC?:TC89+G254=9?5M6H85=2F+

$2+G?5=?9S+B86[?+;29+G25=?+B8+G?B?+CH+?+65=89;98=?\A2+B8+48C4+V89424S+TC8+=_H+B84=65?=X9624+Hd:=6;:24S+i+H8B6B?+TC8+G?B?+CH+48Y?+G?;?L+B8+48+V89+98G2578G6B2+5?4+:6\]84S+G786?4+B8+4C?+58M96=CB8+:CH6524?F

OP " $8#*:"!(8&:*&'!*;"&<*=)"&

(+=8H;2+B8+'8C4+

,$*+@(v(+'&+$)f$W'$+

'8C4+ 5A2+ =8H+ ;9844?y+ ^84H2+ TC8+ 24+ H8C4+ Q6:724S+ TC8+ 48+ G2546B89?H+9838:B84S+ 5A2+ ?=85B?H+B8+ 6H8B6?=2+ ?2+ G7?H?B2+B?+ 8=8956B?B8S+'8C4+ 4?38+ 84;89?9F+$65B?+TC8+5244?+QU+?H8?G8+48+?;?M?9S+G2H2+CH?+G7?H?+TC8+48+84V?6S+'8C4+84;89?+TC8+524+98?G85B?H24+G2H+?+Q29\?+2GC:=?+B2+?H29F+

mC?5B2+24+524424+B6?4+;?98G8H+=CHC:=C?B24+8+5244?4+8H2\]84+524+ Q?L8H+H?64+4854<V864S+'8C4+4?38+84;89?9F+

W?+V89B?B8S+H8C4+ Q6:724S+'8C4S+TC8+U+,?6S+5A2+84;89?+;8442?4+G?;?G6=?B?4+;?9?+ 489V6.:2+ 5?+ =?98Q?+ B2+ 38HF+ #?385B2+ &:8+ B?+ 5244?+ 9838:B6?+ 8+ B8H29?+ 5?4+B8G64]84S+ 524+ C=6:6L?+ G2H2+ 42H24+ 8+ ?24+ ;2CG24+ G?;?G6=?+ G?B?+ CHS+ i+ H8B6B?+ TC8+4C9M8H+?4+58G8446B?B84F+

(4+3254+&4;<96=24+5A2+B848Y?H+HUB6C54+4?5=24+2C+65B6V<BC24+4?5=6Q6G?B24S+48H+B6Q6GC:B?B84+ 8+ ;923:8H?4F+-9?3?:7?H+G2H+?TC8:84+ TC8+ 48+ B64;257?H+?+ 69+ 8H+Q985=8S+?+8V?5M8:6L?9+G2H+48C4+8[8H;:24S+BC9?H85=8+G25TC64=?B24+8+?:6G89\?B24+8H+8[;896_5G6?4+ G2998=?4+ 8+ B6M56Q6G?5=84F+&H+ M89?:S+ 24+ 4?5=65724S+ 24+ 325L65724+ Q29?H+G?5256L?B24+;8:?+HC:=6BA2+XV6B?+B8+<B2:24+8 B8+6:C4]84F+

W2442+#85729+524+B6448+TC8+5A2+V862+;?9?+24+4?5=24S+H?4+;?9?+24+;8G?B2984F+WA2+V862+;?9?+24+4?:V24S+H?4+;?9?+?4+2V8:7?4+;89B6B?4F+,8548 56442+8+5A2+Q6TC8+;29+?<+G239?5B2+B8+V2G_+H84H2+?TC6:2+TC8+?65B?+5A2+84=X+;98;?9?B2+;?9?+B?9F+'8C4+5A2+=8H+ ;9844?o+ V2G_+ U+ TC8+ U+ 8[6M85=8F+ &+ ;?6.V8:72+ ;2B8+ B6L89+H?64>+ =?5=?+ 8[6M_5G6?+?446H+U+984C:=?B2+B8+6H?=C96B?B8+8 B8+485=6H85=2+B8+GC:;?F+

'8C4+B8C+G2H2+H8=?+?+;89Q86\A2S+H?4+84=?38:8G8C+G2H2+;9?L2+?+8=8956B?B8+8S+G2H2+G2H;?57869?+B844?+G?H657?B?S+?+;?G6_5G6?S+;264+8:8+4?38+TC8 84=?H24+HC6=2+B64=?5=84+B2+ 6B8?:+8+?65B?+5A2+?=65M6H24+?+?5M8:6=CB8F+'8C4+2+TC89+G2H2+7CH?52S+5A2+G2H2+?5Y2F+s+;98G642+7CH?56L?9.48S+;?9?+85=A2+?;89Q86\2?9.48F+(4+?5Y24+V2?H+:25M8S+ 8+ 2+ ,?6+ ;98G64?+ B8+ V2G_+ ?TC6S+ G2H+ 24+ Q69H84+ 52+HC5B2+ ;?9?+ ?C[6:6X.:2+ 52+;92G8442+ B8+ ?;96H29?H85=2+ B?+ 7CH?56B?B8F+ #8Y?+ 7CH?52S+ H84H2+ G2H+ ?TC8:?4+G?9?G=89<4=6G?4+TC8+V2G_+ 6B85=6Q6G?+G2H2+B8Q86=24F+WA2+B8464=?S+;89H?58\?+ :6M?B2+i+Q25=8+ B2+ 65Q656=2+ 38H+ 8S+ ?24+ ;2CG24S+ i+ H8B6B?+ TC8+ 4C?+ G254G6_5G6?+ B84?392G7?9S+8[;?5B69+48C4+7296L25=84S+V2G_+48+:6V9?+B?+G?9M?+B8+GC:;?+8+B?4+;C56\]84F+-9?3?:78S+?H8+8+;92446M?+G2H2+V2G_+84=XS+84Q29\?5B2.48+;?9?+H8:729?9F+,29UHS+48H+844?S+H8C+Q6:72S+ B8+ Q6G?9+ :?H85=?5B2+ 2+ =8H;2+ ;89B6B2F+ mC?5=2+ H?64+ V2G_+ 48+ :?H85=?S+H?64+B86[?+B8+G?H657?9F WA2+;89G?+48C+=8H;2+G2H+GC:;?4+2C+B84GC:;?4F+

&992Cw+ D25=65C8+ G?H657?5B2F+ D?6Cw+ 08V?5=8.48+ 8+ ;92446M?F+ WA2+ ;98G64?+YC4=6Q6G?9+5?B?S+;264+85TC?5=2+YC4=6Q6G?+YX+;89B8C+H?64+=8H;2F+,92446M?+5?+G89=8L?+B8+TC8+'8C4+ 8+ 24+ 3254+ 84;<96=24+ =_H+;9844?+ 8H+ 4C?+ ;89Q86\A2F+(+,?6+ 4?38+ 65V84=69+52+=8H;2+8+84;89?+?;85?4+TC8+V2G_+B_+CH?+G7?5G8+?+ 46+H84H2+8+?+&:8+;?9?+8:?329?9+?TC6:2+TC8S+8H+H862+?+=2B?+?+;9844?S+V2G_ 84TC8G8C>+4C?+7CH?56B?B8F

Oh " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

WA2+B86[8+B8+489+7CH?52F+#8Y?+V2G_+H84H2F+'8C4+ ?65B?+5A2+ B8464=6C+ B8+ 65V84=69+ 8H+V2G_F+ ,29+ TC8+ G25=65C?9+ =86H?5B2+

8H+H?5=89+84=8+84=?B2+65Q8:6L+8H+48C4+;854?H85=24+8+8H+48C+G29?\A2w+$+729?+U+B8+69+?V?5=8S+ G25=65C?9+ =9?3?:7?5B2+ ;29+ B6?4+ H8:72984F+ -9?3?:7?9S+ ;8948V89?9+ 8+ 5A2+B84?56H?9S+?65B?+TC8+i4+V8L84+V2G_+?G78+TC8+5A2+84=X+32HF+&4=X+=CB2+48H;98+HC6=2+32HS+H8C+Q6:72F+&+;98G642+TC8+V2G_+?;985B?+?+V89+2+:?B2+3256=2+B8+=CB2S+8H+=2B?4+?4+46=C?\]84F+'8C4+G25Q6?+8H+V2G_F+

'8;85B8+ B8+ V2G_+ ?+ G25Q6?5\?+ 8H+'8C4F+-857?+ G89=8L?+ B8+TC8+&:8S+ 2+,?6S+84=?9X+G2H+V2G_+5?+H8B6B?+8[?=?+8H+TC8+V2G_+84=6V89+G2H+&:8F+

D29=?+?+:<5MC?S+H6925M?S+G29=?+?+:<5MC?+B84=8+;2V2+Q?:?B29F+,9?+H657? 84;?B?+5A2+=8H+8H3?9?\2+#2C+;98=2.V8:72S+=8572+2+;86=2+B8+?\2F

OR " $8#*:"!(8&:*&'!*;"&<*=)"&

/89B?B8+8+Q2Q2G?+

)(%#(W+,*W1&*)(+

,?6+ @2A2+ 524+ ?:89=?+ 48H;98+ ;?9?+ ?+ 58G8446B?B8+ B8+ =9?3?:7?9F+ (+ =9?3?:72S+48MC5B2+ 2+ ?H6M2+ 84;696=C?:+ U+ 2+ TC8+ 524+ G25489V?+ ?2+ ?396M2+ B?4+ Q2Q2G?4S+ B24+H8:65B984+ 8+ B?4+ ?=6=CB84+H84TC657?4+ ;?9?+ G2H+24+ 69HA24+ TC8+ G?H657?H+G2524G2F+#8H;98+524+?:89=?+TC8S+TC?5B2+4C9M69+CH+G2H85=X962+?+984;86=2 B8+?:MCUHS+B8V8H24+?329=X.:2+6H8B6?=?H85=8+B8B6G?5B2.524+?2+=9?3?:72+8 G?:?5B2+TC?:TC89+984;24=?F+

q+ $+ V6B?+ 85465?+ q+ 8[;:6G?+ 8:8F+ q+ WA2+ G2H;854?+ M85=8+ B?9+;92448MC6H85=2+?+ G2H85=X9624+H?:B2424S+ ;264+ 6442+H65?+ 2+ =9?3?:72+ B2+ 38H+ 8+ =9?L+B64Ga9B6?+ ;?9?+ ?+ G2HC56B?B8F+ $+ V89B?B8+ U+ G2H2+ ?+ 84;?B?+ B8+ B264+ MCH84+ q+;92448MC8+qS+ 8+ H84H2+ TC8+ ?:MCUH+ B6M?+ ?:M2+ TC8S+ ;?9?+ 46S+ 98;98485=8+ ?+ V89B?B8+B8V8.48+=89+GC6B?B2+;?9?+TC8+844?+V89B?B8+5A2+Q69?+2+52442+69HA2F+

D?B?+CH+=8H+2+48C+H2H85=2+G89=2F+,29=?5=2S+?;985B?H24+?+?329=?9+2+H?:+;8:?+9?6LS+5A2+B?5B2+;92448MC6H85=2+?+Q2Q2G?4F+'8B6TC8H24+i+V89B?B8S+?2+=9?3?:72+65G844?5=8S+48H+B848Y?9+6H;29.524+?+TC8H+TC89+TC8+48Y?F+

-9?3?:7?5B2+;?G685=8+8+46:85G624?H85=8 q+G2H;:8=?+,?6+@2A2F

On " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

#8C+G2H;92H6442+

,$*+@(v(+'&+$)f$W'$+

#8+V2G_+48+B8B6G?+?2+ =9?3?:72+B2+38H+?44CH65B2+4C?+984;254?36:6B?B8+5?+84G2:?+ B8+ @84C4S+ 5A2+ 48+ 6:CB?+ TC?5=2+ ?2+ TC8+ 85G25=9?9X+ 8H+ 48C+ G?H6572F+ (4+;8B98MC:724+5?+84=9?B?S+TC?5B2+Q6[?B24+65B8Q656B?H85=8+;8:2+2:7?9S+423+2+G?:29+B2+42:S+G24=CH?H+48+HC:=6;:6G?9+i+V64A2+B2+489F+^?4S+48+V2G_+98G2:789+844?4+;8B9?4S+H8C+Q6:72S+ =89X+ ?BTC696B2+ 8[;896_5G6?4+ ;92V86=24?4S+ C=6:6L?5B2.?4+ G2H2+ 3?48+ B8+ ?:MCH?+G254=9C\A2F+$4+XMC?4+TC8+B84G8H+8H+CH+962 G?CB?:242+;2B8H+G?C4?9+G89=24+84=9?M24+?2+ :25M2+ B2+ ;89GC942+ 2C+ ?2+ 98B29+ B?4+ H?9M854S+ G25=CB2S+ 48+ Q298H+ B8V6B?H85=8+G?5?:6L?B?4+2C+98;984?B?4S+G89=?H85=8+489V69A2+B8+6H;C:42+?2+;92M98442+5?+M89?\A2+B8+8589M6?+8 =9?3?:72F+

(3489V8+=?H3UHS+H8C+Q6:72S+24+?;?985=84+;89G?:\24+B?+Y295?B?+84;696=C?:+8+=698+;92V86=2+B8:84+;?9?+2+48C+G984G6H85=2F+$TC8:84+G2H;?5786924+TC8 :?5\?H+65Yd96?+42398+ V2G_+ ;2B8H+ 489+ ?;98G6?B24+ G2H2+ ?H6M24+ TC8+ 65G85=6V?H+ H8C+ Q6:72+ ?+ 48+H8:729?9S+ B8+ V8L+ TC8S+ ?2+ Q?:?98H+ ?:M2+ G25=9?+ V2G_S+ ?;85?4+ B6L8H+ 2+ TC8+ V88H+ 8+2CV8HF+ ^C6=?4+ V8L84S+ 6442+ ;2B8+ QC5G625?9+ G2H2+ 84;8:72+ ;?9?+ TC8+ V2G_+ ;244?+?;96H29?9.48+ 8+ G2996M69.48F+ $4+ B6Q6GC:B?B84+ 85G25=9?B?4+ 8H+ 4C?4+ 8[;896_5G6?4+ 5?+=?98Q?+B2+38H+;2B8H 489V69+;?9?+Q69H?9+4C?+QU+8+=84=?9+?+;89464=_5G6?+52+G2H;92H6442+?44CH6B2F+

-2B24+84=A2+65=8M9?B24+52+G25=8[=2+84;696=C?:+Q?V29XV8:+?2+G984G6H85=2+B8+4C?4+?:H?4F+#8+?:M2+2+65G2H2B?S+;92GC98+G2996M69+?+46+H84H2S+98V89+48C4+485=6H85=24+8+ 8H2\]84+ 8+ 9852V?9+ 4C?4+ ?=6=CB84+ ;89?5=8+ ?+ V6B?F+ '698G6258+ 48C4+ ;854?H85=24+ 8+485=6H85=24+8+65=89;98=8+=CB2+;8:?+X=6G?+B2+8=8952+38HS+85=85B85B2S+H8C+Q6:72S+TC8+V2G_+ B64;]8+ 8[?=?H85=8+ B?TC6:2+ 8+ B?TC8:84+ B8+ TC8+ H?64+ 58G8446=?+ ;?9?+ 2+ 48C+?;985B6L?B2F+

,?C.;89869?+U+CH+;?C+B8+2;656A2F+-2B2+;?C+Q:29?+8+B?TC6S+4a+2+;?C.;89869?+5A2F

Ob " $8#*:"!(8&:*&'!*;"&<*=)"&

,?C+;89869?+

)(%#(W+,W1&)(+

#8MC5B2+ 2+ &4;<96=2+ ,?6+ @2A2S+ 7X+ CH?+ 84;UG68+ B8+ X9V298S+ TC8+ 5?4G6?+ 5?4+H?=?4+B?+%?76?+8H+4C?+U;2G?+B8+84G9?V2S+B852H65?B?+;?C.;89869?F+-2B?4+?4+X9V2984+B?+H?=?+G24=CH?V?H+B?9+48H85=84S+HC6=?4+B8:?4+Q9C=24+8+Q:2984F+

(+;?C.;89869?S+=2B?V6?S+5A2+Q:2984G6?S+58H+B?V?+Q9C=24+G2H+98MC:?96B?B8F+,?6+ @2A2+ C4C?:H85=8+ G2H;?9?+ 8448+ =6;2+ B8+ ;:?5=?+ ?+ ;8442?4+ TC8+ 5A2+

;92BCL8HS+ 5A2+ Q:2984G8H+ 58H+ 48+ ;89H6=8H+ 489+ Q8:6L84F+ WA2+ ?B6?5=?+ 42H85=8+ 489+X9V298S+B8+?G29B2+G2H+2+TC8+?Q69H?+,?6+@2A2F+s+;98G642+Q:2984G89S+85Q6HS+B?9+Q9C=24+B2+65V84=6H85=2+98G836B2F+

(+854652+B2+;?6.V8:72+524+:8H39?+?+;?9X32:?+B?+Q6MC869?+48G?S+98M64=9?B?+52+&V?5M8:72F+ @84C4S+ 5?TC8:?+ 2G?46A2S+ 98;9885B6?+ ?+ Q6MC869?+ ;29+ 5A2+ 7?V89+ Q9C=24+ 8H+48C4+ M?:724+ 8+ 2+ 8V?5M8:64=?+ Q?L+ TC84=A2+ B8+ ?4465?:?9+ TC8+ 5A2+ 89?+ U;2G?+ B8+ Q6M24F+&5=98+ ?4+ B6V894?4+ 65=89;98=?\]84+ ;244<V864S+ =?:V8L+ 2+ ^84=98+ TC648448+ H24=9?9S+ B8+H2B2+?:8Ma96G2S+?+58G8446B?B8+G254=?5=8+B8+;92BCL69H24+ Q9C=24+48H;98+TC8+?+V6B?+524+8[6M8+2C+524+2Q898G8 ;244636:6B?B8S+8+5A2+4a+423+G25B6\]84+Q?V29XV864F+

-?H3UH+U+;244<V8:+ 98:?G625?9+?+ Q6MC9?+B2+;?C+;89869?+G2H+2C=9?+;?9X32:?+3<3:6G?S+ ?+ B24+ =?:85=24F+ W?+ 764=a96?+ G25=?B?+ ;29+ @84C4S+ U+ 65=89844?5=8+ 52=?9+ TC8+ 2+485729+B64489?+?;85?4+;?9?+TC8+48C4+489V24+GC6B?448H+B24+ 3854+B64=963C<B24+?+8:84+BC9?5=8+4C?+?C4_5G6?F+$2+B8;?9?9S+85=98=?5=2S+G2H+?+ Q?:=?+B8+ 656G6?=6V?+?;98485=?B?+;29+CH+B24+489V24S+TC8+=A2+42H85=8+G25489V2C+2C+MC?9B2C+2+=?:85=2S+2+485729+98=69?+2+ 65V84=6H85=2+ B?4+HA24+ B8448+ 72H8HS+ TC8+5A2+ ?;:6G2C+ 24+ ;2CG24+ 98GC9424+ ?+ 8:8+G25Q6?B24F+

,92H8=8S+ ?65B?S+ G25G8B89+ H?64+ ;?9?+ 489+ ?BH6564=9?B2+ ;29+ ?TC8:84+ TC8+42C389?H+ Q?L89+ 985B89+ 24+ =?:85=24S+ HC:=6;:6GX.:24+ "Q?L_.:24+ B?9+ Q9C=24F+ &+ ;98G642+Q:2984G89F+ s+ 6H;89?=6V2+ TC8+ 2+ 489+ 48+ ;89H6=?+ Q:2984G89+ ;?9?S+ 85=A2S+ Q9C=6Q6G?9F+ 1X+HC6=?+ M85=8+ 32?+ TC8+ G?998M?+ 2+ Q?9B2+ ;84?B2+ B?+ GC:;?+ 8+ ?+ 46+ H84H?+ ;C58S+ 48H+;89H6=69+ TC8+ ?+ V6B?+ ;92H2V?+ ?+ 6548H65?\A2+ B8+ V6=?:6B?B8+ TC8+ :78+ G?38F+ #A2+65B6V<BC24+ HC9G724S+ 6H;92BC=6V24S+ B2+ ;25=2+ B8+ V64=?+ 84;696=C?:+ 8+ B?4+ ?TC646\]84+8=895?4S+B?+?:H?F+

,?6+ @2A2+ ?G2548:7?+ =?64+ ;8442?4S+ TC8+ 48+ ?G7?H+ Q86=2+ ;?C4.;89869?4S+ ?+ 48+B8B6G?98H+?2+8[89G<G62+B2+?C=2;89BA2+8+B2+?C=2?H29+;?9?+TC8+;244?H+465=256L?9.48+G2H+?4+:864+42389?5?4+B?+V6B?+8+V6V89+8H+;:856=CB8S+?+;92BCL69+Q9C=24F+&[;896H85=8+2+;89BA2+5A2+B86[8+2+9?5G29+=2H?9+G25=?+B8+48C4+B6?4+58H+?+GC:;?+B2H65?9+4C?+H85=8F+/2G_+;98G64?+48+;89B2?9S+H8C+Q6:72F+

&[;896H85=8+ 2+ 3858Q<G62+ B2+ ;89BA2+ 8+ V2G_+ 48+ :6389=?9X+ B8+ =?5=?+ G264?+?99?6M?B?+8+85BC98G6B?+B85=92+B2+48C+G29?\A2F+'8C4S+TC8+U+4X362+8+;89Q86=2S 5A2+8[6M8+=?5=2+B8+V2G_+TC?5=2+V2G_+H84H2F+mC8+=?:+;?9?9+G2H+844?+G239?5\?+65=854?+8+V6V89+G2H+H?64+46H;:6G6B?B8w+$4+G264?4+;2B8H+?=U+84=?9+B6Q<G864S+H?4S+B2+Y86=2+TC8+V2G_

PJ " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

6H;65Y?+ GC:;?+ ?+ 46+ H84H2S+ 5A2+ 7X+ G2H2+ 5?B?+ Q6G?9+ H8:729F+ )8?V?:68+ 4C?4+;244636:6B?B84+8+85=85B?+TC8+V2G_+5A2+=8H+B8+?G89=?9+=CB2+8+5A2+B8V8+489+4?5=6572+2+=8H;2+ =2B2F+-?H3UH+5A2+G2548MC69X+?M9?B?9+?+ =2B2+ 2+HC5B2S+5A2F+W8H+2+W2442+#85729+@84C4+D964=2+G2548MC6CF+s+;98G642+G2H;9885B89+TC8+=2B24+=_H+:6H6=84+8+TC8+B8V8H24+ 984;86=X.:24F+ /2G_+ H84H2+ =8H+ 48C4+ ;9a;9624+ :6H6=84S+ 8S+ 48+ 8992C+ G2H2+;854? TC8+8992CS+84=?H24+=2B24+52+;92G8442+B8+?;985B6L?B2F+

mC8+7Xw+-2TC8+?+32:?+;9?+Q985=8S+G2H2+V2G_4+G24=CH?H+B6L89+?<S+5?+-899?F+'_+CH?+G7?5G8+?+V2G_+H84H2+8+48+;89B28F+,89H6=?.48+?+3_5\A2+B2+98G2H8\2+48H+485=6H85=2+B8+GC:;?+2C+G239?5\?4+65BU36=?4F+^C6=?4+V8L84S+TC?5B2+?+M85=8+899?S+58H+48H;98+U+;29TC8+48+;:?58Y2C+ 899?9F+&[64=8H+89924+B8+;89GC942S+?TC8:84+5?=C9?64+B2+?;985B6LS+TC8+?65B? 5A2+=8H+8[;896_5G6?F+(C=924+4A2+?TC8:84+984C:=?5=84+B8+46=C?\]84+TC8+65B8;85B8H+B2+;9a;962+489S+8S+?65B?S+7X+?TC8:84+8TC<V2G24+TC8+4C9M8H+B8V6B2+i+5244?+Q?:=?+B8+48542+B8+:6H6=84F+WA2+984;86=?H24+524424+:6H6=84+58H+24+?:78624F+

^?4+ ?;985B?S+ H8C+ Q6:72S+ TC8+ G96?5\?+ ?:MCH?+ G?H657?+ 48H+ ?5=84+ G?69F+#2H24+ ?;985B6L84+ B?+ V6B?S+ G96?5\?4+ 84;696=C?64F+ WA2+ 46M56Q6G?+ B6L89+ TC8+ B8V8H24+899?9+ 65B8Q656B?H85=8S+H?4+ TC8+ ;98G64?H24+ C9M85=8H85=8+8[89G6=?9+ 2+ ;89BA2+ ?+ 5a4+H84H24F+D2H;9885B89+TC8+Q2H24+G96?B24+;89Q8G=<V864S+8+5A2+;89Q86=24+q+;29=?5=2S+G2H+?+;244636:6B?B8+B2+8992+654896B?+8H+52442+;92M9?H?+8V2:C=6V2F+,89B28.48+8+V6V?+H8:729F+$H8.48 H?64+8+;89H6=?.48+489+7CH?52F+

mC8H+5A2+8[89G8+2+;89BA2+G2546M2+;9a;962+85G?6[2=?.48+8H+GC:;?4+8 984;69?+8H+G:6H?+B8+?C=2;C56\A2F+&[64=8+H?629+G?=6V8692+TC8+2+B?+84G9?V6BA2+B?+H85=8+TC8+48+?G29985=?+8H+GC:;?4w+&448+ =6;2+B8+M96:7A2+H85=?:S+5A2+7X+;965G84?+58H+B8G98=2+TC8+2+ 92H;?S+5A2+7X+ Q29\?+TC8+2+?998385=8F+#2H85=8+V2G_+ ;2B89X+48+ :6389=?9+B8+46+H84H2+8+V6V89+CH+G:6H?+65=89629+B8+;?LF+#8H+2+84Q29\2+B2+?C=2;89BA2S+H8C+Q6:72S+5A2+7X+G2H2+;92448MC69+962+?;985B6L?B2 TC8+?+V6B?+;92;29G625?F+

,9646258692+96?+GC:;?S+&+84;<96=2+5A2+;98G64?+B8+G?99?4G2S+Q86=29+2C+V89BCM2S+;264+8:8+H84H2+B6:?G89?+4C?+;9a;96?+65=6H6B?B8S+5A2+48+;89H6=8+V6V89+8H+;:856=CB8+58H+?;98G6?9+?4+ G264?4+ 32?4+ 38:?4+ B?+ V6B?F+$+ GC:;?+ Q?L+ G2H+TC8+ 2+HC5B2+ ?2+ 48C+98B29+;?98\?+84QCH?\?B2+8+G65L85=2o+2+5A2+;89B2?9+ =65M8+2+GUC+ 65=89629+B8+5CV854+42H396?4+ B8+ ;8446H64H2S+ B84`56H2+ 8+ H?9=<9624F+ $+ V89B?B869?+ :6389=?\A2+ U+ ?+:6389=?\A2+ 65=89629S+H85=?:S+TC8S+;29+ 4C?+V8LS+;92BCL+ Q6:724+G2H+H85=8+4?B6?S+?;=24+;?9?+;92BCL69+ ?=6=CB84+ B8+ TC?:6B?B8+8H+ 4C?4+ V6B?4F+&[;896H85=8+ 48+ ;89B2?9+ 8+ V8Y?+G2H2+Q6G?9X+38H+H8:729+? ;?64?M8H+?+4C?+V2:=?F+

&C+G29=86+CH+;?C+:X+5?4+H?=?4+B?+%?76?F+&5TC?5=2+?+G?4G?+G729?V?S+4657XS+2+H62:2+B2+;?C+M8H6?F

PK " $8#*:"!(8&:*&'!*;"&<*=)"&

)8G25G6:6?\A2+

)(%#(W+,*W1&*)(+

WA2+ 48+ ;982GC;8S+ H8C+ Q6:72F+ mC?5B2+ V2G_+ 4C;89?9+ 844?+ B6Q6GC:B?B8S+ V69X+2C=9?+H?629F+,?6+@2A2S+8H+B8=89H65?B2+H2H85=2S+?44C4=2C.524+G2H+8448 G2H85=X962F+,92448MC6?>

q+&+5A2+US+H8C+Q6:72w+$+B6Q6GC:B?B8+B8+72Y8+U+4a+=9865?H85=2+;?9?+24+98?64+B84?Q624+ B8+ ?H?57AF+ (+ 42:B?B2+ H?64+ G?;?G6=?B2S+ TC8+ V85G8C+ H?629+ 5dH892+ B8+3?=?:7?4S+84=X+;925=2+;?9?+489+;92H2V6B2+8S+G2H2+2Q6G6?:S+85Q985=?9+;923:8H?4+H?64+G2H;:8[24F+s+;?9?+6442+TC8+?+V6B?+524+;98;?9?FFF+

-2H8+;29+3?48+@84C4S+TC8+?BH6564=9?+CH+;:?58=?y+s+;29+ 6442+TC8+?+%<3:6?+B6L+TC8+?+TC8H+;244C6S+H?64+489X+B?B2S+8+B?TC8:8+TC8+=8H+;2CG2S+?65B?+2+;2CG2+TC8+:78+ ;89=85G8+ 489X+ =69?B2F+ s+ 58448+ 485=6B2+ TC8+ ?4+ ;?:?V9?4+ B2+ ^84=98+ B8V8H+ 489+85=85B6B?4F+ s+ ;98G642+ TC8+ B8485V2:V?H24+ ?+ G?;?G6B?B8+ B8+ 524+ 29M?56L?9+H8:729S+?BH6564=9?9+H8:729+52442+=8H;2+8+5244?4+8589M6?4S+;264+@84C4+;98G64?+B8+489V6B2984+H?64+ 8[;896H85=?B24+ ;?9?+ 4C?+ V657?F+ ,?6+ @2A2+ =657?+ 9?LA2S+ ;29+ H?64+ ?Q:6=6V?+ TC8+;244?+ ;?98G89+ ?+ G25G29B`5G6?+ G2H+ 4C?+ ?Q69H?\A2F+&+ 5?4+ 46=C?\]84+ B8+ 65GjH2B2+ 8+G9648+TC8 ;92BCL6H24+2+H?629+5dH892+B8+HCB?5\?4F+k$+48H85=8+4a+392=?+8H+V69=CB8+B?4+8529H84+;9844]84+TC8+42Q98+52+65=89629+B?+=899?lS+:8H39?+2+;?6.V8:72F+

#C3H8=6B24+ ?24+ B6V89424+ G254=9?5M6H85=24+ B?4+ V6V_5G6?4+ 8H+ 42G68B?B8S+85TC?5=2+7?36=?5=84+B2+HC5B2+Q<46G2S+42H24+G2H;8:6B24+?+=9?54Q29H?9+2+;?529?H?+<5=6H2F+'8+=?5=2+H8B69+Q29\?4+G2H+?+V6B?S+5CH?+=2:?+8+65Q656=?+B64;C=?+B8+;2B89S+B?+TC?:+ Q?=?:H85=8+ 4?698H24+ B8992=?B24S+ 985B8H2.524+ i4+ Q29\?4+ 4C;8962984+ B?+8[64=_5G6?F+W2+H2H85=2+8H+TC8+G844?+?+9838:B6?+8 65=85=?H24+V6V85G6X.:?+G2H2+CH?+65G25Q29H?\A2+G254=9C=6V?+8+2=6H64=?S+8[=9?<H24+2+H8:729+B?+G9648>+?+4C;89?\A2+B24+B84?Q624+8S+G2548TC85=8H85=8S+B8+524424+;9a;9624+:6H6=84S+H8B24+8+;98G25G86=24F+

,?44?H24+ 85=A2+ ?+ Q?L89+ ;?9=8+ B2+ M9?5B8+ G25G89=2+ Ga4H6G2+ B8+ G22;89?\A2+G2H+2+D96?B29F+

&H+ 48C4+ G2548:724+ 8+ 23489V?\]84S+ ,?6+ @2A2+ 85Q?=6L?+HC6=2+ ?+ 6H;29=`5G6?+B844?+98G25G6:6?\A2+G2H+?+Q29\?+42389?5?+B?+V6B?S+=A2+58G844X96?+;?9?+?+G25TC64=?+B8+5244?+Q8:6G6B?B8F+

$+G?4G?S+TC8+G729?S+8+2+H62:2S+TC8+M8H8S+8[;9844?H+2+B9?H?+8V2:C=6V2F+s+;98G642+ 524+ :6389=?9+ B?4+ ?:M8H?4+ TC8+ 524+ Q?L8H+ 65Q8:6L84F+ #8Y?+ TC?:+ Q29+ 52442+;?44?B2S+ U+ =8H;2+ B8+ :6389=?\A2F+ D25489V?5B2.524+ ;96462586924+ B8+ CH+ ;?44?B2+GC:;242+2C+B8+CH?+46=C?\A2+?Q:6=6V?S+5A2+G2548MC698H24+524+485=69 98?:6L?B24F

P! " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

,C56\]84+B8458G844X9 6?4+

,$*+@(v(+'&+$)f$W'$+

^8C4+Q6:724+=_H+H?56?+B8+48+;C569+H?64+B2+TC8+48+84=6V8448H+52+G?=6V8692+8+Q2448H+ 2396M?B24+ ?+ 485=69+ 2+ G76G2=8+ B2+ Q86=29F+ $+ B6Q8985\?+ 84=X+ ?;85?4+ 5?+ Q29H?F+,C58H.48+?2+5A2+48+;89H6=69+V6V89+G2H ?:8M96?S+7?9H256?+8+;?LF+

f=6:6L?H+2+G76G2=8+B?+GC:;?S+8+?<+ 48+84=?38:8G8+?+B6Q6GC:B?B8F+^C6=?+M85=8+;2B8+489+8+ =89+HC6=2+H?64+B2+TC8+?TC6:2+TC8+C4CQ9C6F+ *5V85=?9?H+CH?+B84GC:;?+B8+7CH6:B?B8S+ TC8+ 565MCUH+ ?65B?+ ;244C6S+ H?4+ TC8+ HC6=24+ B6L8H+ =89F+ &S+ G2H+ ?+65=89;98=?\A2+ =9?54=295?B?+ B8+ ?:MC54+ G25G86=24+ =9?L6B24+ ;29+ W2442+ #85729+ @84C4+D964=2S+ =8H+ HC6=?+ M85=8+ 98:6M624?+ ;29+ ?<S+ TC8+ 48+ ?G7?+ ;964625869?+ B8+ CH?+ V6B?+?G?57?B?+8+H6489XV8:F+$+7CH6:B?B8+5A2+84=X+5? 92C;?+TC8+48+V84=8+2C+5?+V2L+H?54?S+854?6?B?+ ;29+ HC6=24+ Q6:724+ ?<+ ;8:?+ -899?F+ D2H+ 2+ ;98=8[=2+ B8+ 4898H+ 7CH6:B84+ 8+98:6M62424S+HC6=24+ B84V?:296L?H+?+;9a;96?+H854?M8H+TC8+?39?\?9?HS+ G2H+98489V?4+B8458G844X96?4F+

W?+V89B?B8S+H8C+Q6:72S+=2B?+V8L+TC8+V2G_+;2B8+489+2C+=89+?:MCH?+G264?+TC8+48Y?+32?+8+72584=?+8+5A2+48+;89H6=8+V6V85G6?9+=?:+8[;896_5G6?S+TC8+:78+Q?9X+G984G89+8+:78+B?9X+H?629+TC?:6B?B8+5?TC6:2+TC8+V2G_+U+2C+Q?LS+U+TC8+V2G_+84=X+48+;C565B2F+$+?C=2;C56\A2+5A2+U+5?B?+H?64+B2+TC8+2+6H;8B6H85=2+;?9?+G984G89S+396:7?9+8+489+H?64+Q8:6LF+mC?5B2+V2G_+5A2+48+;89H6=8+H8:729?9S+=85B2+G25B6\]84+B8+Q?L_.:2S+85=A2+84=X+48+;C565B2F+&+?C=2;C56\A2S+H8C+Q6:72S+U+2+984C:=?B2+B8+485=6H85=2+B8+GC:;?S+TC8+48+85G25=9?+?<S+:?=85=8S+8H+48C+65=89629F+

$4+ ;8442?4+ 98:6M624?4S+ 8H+ M89?:S+ =_H+ ?:M2+H?:.9842:V6B2+ G2H+ 2+ B6578692F+^?4+2+B6578692 8H+46+5A2+U+?+G?C4?+B8+48C4+H?:84+58H+B24+H?:84+B2+HC5B2F+s+TC8+2+489+ 8992C+ =?5=2+ 52+ ;?44?B2S+ 2C+ =85=?+ 48+ ;?44?9+ 5?+ ?=C?:6B?B8+ ;29+ 7CH6:B8+ 8+B84;985B6B2S+ TC8S+ B8+ CH?+ Q29H?+ 2C+ B8+ 2C=9?S+ 5A2+ V?:296L?+ ?4+ 2;29=C56B?B84+ TC8+'8C4+G25G8B8+;?9?+H?62984+98?:6L?\]84F+,?98+G2H+6442+YX+8+65V64=?+8H+V2G_F+*5V64=?+52+=9?3?:72+TC8+V2G_+98;98485=?S+Q6:72S+5?+4C?+4?=64Q?\A2+65=89629+8+5A2+;89G?+B8+V64=?+Y?H?64+2+Q?=2+B8+TC8+V2G_+U+789B8692 B8+'8C4S+B?+V6B?+8+B2+C56V8942F+

'_+H?629+TC?:6B?B8+8+38:8L?+iTC6:2+TC8+V2G_+ Q?LS+;89H6=?+TC8+2+C56V8942+?YCB8+ V2G_+ ?+ V85G89+ 8+ B84GC39?.48+ CH+V85G8B29F+ ,?98+B8+ 48+H8524;98L?9>+V64=?.48+38HS+V6V?+38HS+?;98485=8.48+H8:729+?65B?+8+V89X+TC8S+i+H8B6B?+TC8+V2G_+65V84=69+8H+46+ H84H2S+ ?+ V6B?+ B?9X+ 984;24=?4+ G?B?+ V8L+ H?64+ G:?9?4+ i4+ 4C?4+ 58G8446B?B84+ 8+6H;C:4625?9X+48C+84;<96=2+ 9CH2+i4+?:=C9?4+B?+98?:6L?\A2+ <5=6H?F+#8Y?+ Q8:6L+8+5A2+48+;C5?+ G2H+ CH?+ V6B?+ ?G?57?B?F+ &4=?H24+ 52+ 4UGC:2+ cc*S+ 8+ 5A2+ 7X+ H?64+ :CM?9+ 52+HC5B2+;?9?+M85=8+=<H6B?+B6?5=8+B?+V6B?F+$+V6=a96?S+423+=2B24+24+?4;8G=24S+U+B?TC8:84+TC8+2C4?HS+TC8+85Q985=?H+B84?Q624+8+TC8+48+;89H6=8H+489+Q8:6L84F+-857?+?+G29?M8H+B8 65V84=69+8H+V2G_+H84H2F+

$9C?5B?+U+:25M8+8+565MCUH+V?6+:XF+s+4a+24+;98=2.V8:72+TC8+V?6+:X+8+=295?+? V2:=?9F

PN " $8#*:"!(8&:*&'!*;"&<*=)"&

$9C?5B?+

)(%#(W+,*W1&*)(+

(+GUC+ 8+ 2+ 65Q8952+7?36=?H+B85=92+ B8+5a4+H84H24+ 48MC5B2+2+ ;854?H85=2+84;<96=?F+ WA2+ U+ B6Q8985=8+ ;?9?+ 24+ B8485G?95?B24>+ =2B?+ ;?64?M8H+ 5?+ B6H854A2+8[=9?Q<46G?+ 84=X+ B698=?H85=8+ 98:?G625?B?+ G2H+ 2+ 84=?B2+ <5=6H2+ B?TC8:84+ TC8+ 58:?+7?36=?HF+ $9C?5B?+ U+ CH+ =89H2+ C=6:6L?B2+ G2H2+ 465j56H2+ B8+ ;:?52+ 84;696=C?:S+46H;:84H85=8S+2C+G2H2+B852H65?\A2+B?+G2:j56?+84;696=C?:+TC8+G254=6=C<?+?+H29?B?+B8+ 84;<96=24+ B8+ M9?5B8+ 8:8V?\A2+ G2578G6B2+ G2H2+ ;?64.V8:724F+ #6H32:6G?H85=8S+;29=?5=2S+$9C?5B?+98H8=8+i+ 6:CH65?\A2+ 65=89629S+i+ 65=8M9?\A2+G2H+2+G24H24>+TC8H+G2548MC8+G78M?9+:X+U+;29TC8+84=X+465=256L?B2+G2H+?4+Q29\?4+4C;8962984+B?+V6B?F+,?9?+TC8+48+ Q?\?+?+ �$9C?5B?+5?+-899?lS+G25Q29H8+G25V2G?+,?6+ @2A2S+U+58G844X962+TC8+2+72H8H+5A2+4a+B848Y8S+H?4+=9?3?:78+8Q8=6V?H85=8+;29+CH+HC5B2+H8:729F+s+42H85=8+?;985B85B2+ ?+ 98G2578G89+ 2+ V?:29+ B2+ =9?3?:72S+ B?+ B8B6G?\A2+ M85C<5?+ ?2+ 38HS+ 48H+Y?H?64+;89B89+?+46H;:6G6B?B8S G2H2+Q?L8H+24+;98=24.V8:724+TC8+2+489+7CH?52+;2B89X+?=65M69+?+:6389=?\A2+B?+G254G6_5G6?+8+? Q8:6G6B?B8+?:H8Y?B?F+

WA2+ ?B6?5=?+ 489+ 98:6M6242+ B8+ G?9=869657?+ 2C+ 84;<96=?+ kB8+ ;92Q644A2l+ 48+ 2+65B6V<BC2+5A2+48+B8B6G?9+?+CH+6B8?:S+5A2+=9?3?:7?9+58H+48+85V2:V89F+$65B?+84=?H24+B64=?5=84+ B2+HC5B2+ B24+ 84;<96=24+ ;C924F+ $+ 92C;?M8H+ B8+ ;98=2.V8:72+ C=6:6L?B?+ ;29+?:MC54+84;<96=24+U+46M56Q6G?=6V?S+;264+8V2G?+?+58G8446B?B8+B8+489H24+46H;:84+8S+G2H2+24+ 84G9?V24+ 52+ ;?44?B2S+ =9?3?:7?9H24+ ;89464=85=8H85=8+ ;8:?+ 5244?+ :6389=?\A2+84;696=C?:F+

$G29B?S+H8C+Q6:72+=8H+M85=8+B29H65B2+B8H?64+;29+?<F+/2G_+5A2+?G7?S+H8C+Q6:72S+TC8+8448+4252+=2B2+U+CH+;92G8442+B8+ QCM?+2C+;98MC6\?+B64Q?9\?B?w+x4+V8L84+;98=2.V8:72+V_+H8C4+Q6:724+98G:?H?98H+B?4+G264?4>+TC8+84=A2+B6Q<G864S+TC8+?+V6B?+84=X+G?B?+B6?+H?64+BC9?+8+24+58MaG624+5A2+G29984;25B8H+?24+65V84=6H85=24+98?:6L?B24+;29+V2G_4F+

^?4S+ V8Y?+ 38HS+H8C+ Q6:72S+B29H65B2+ B8448+ Y86=2+ V2G_+ V?6+;89B89+ 8529H84+2;29=C56B?B84F+ mC8H+ TC89+ V85G89+ 5?+ V6B?+ 5A2+ 85=98M?+ 48C4+ 58MaG624+ ;?9?+ 2C=924+?BH6564=9?98HF+&4=CB8+ ?4+?=6=CB84+ B24+ V85G8B2984+ 8+ V2G_+ ;2B89X+ V89+ TC8+ G?B?+ CH+B8:84+?44CH6C+;29+46+H84H2+?+?=6V6B?B8+5?+TC?:+48+B84=?G2CF+

$G29B8+85TC?5=2+U+=8H;2S+;264S+TC?5B2+V2G_+Q6G?9+V8:72S+2+=8H;2+;98G6242+YX+ =89X+ ;?44?B2S+ 8+ =8H;2S+ H8C+ Q6:72S+ U+ ?:M2+ TC8+ 5C5G?+ V2:=?S+ ?446H+ G2H2+2;29=C56B?B8+;89B6B?+Y?H?64+98=295?F+-CB2+;2B8+48+9852V?9S+H?4+5?B?+48+98;8=8+8H+G25B6\]84+ 6B_5=6G?4F+ D2H8G8+ 2+ B6?+ G8B2S+ B?5B2+ 8[8H;:2+ iTC8:84+ TC8+ :78+ 4A2+4C329B65?B24F+

WA2+?B6?5=?+98G:?H?9+TC8+U+B6Q<G6:+2C+TC8+84=X+G?54?B2F+(+G29;2+ Q<46G2+ Q26+;92Y8=?B2+;29+'8C4+;?9?+48+9889MC89+B6?96?H85=8+?;a4+CH+;89<2B2+B8+26=2+729?4+B8+4252F+ #8+ V2G_+ 5A2+ G2548MC8+ 48+H?5=89+ ?G29B?B2+ B8;264+ B6442S+ U+;29TC8+ ?:M2+ 84=X+899?B2F+,8548+38H+8+V8Y?+48+V2G_+5A2+84=X+QCM65B2+65B8Q656B?H85=8+B8+?:M2F+-?:V8L

PO " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

48C+G29;2+48+85G:?C4C98+52+4252+G2H2+QCM?+B24+B8V8984+TC8+:78+G2H;8=8HF+1X+ TC8H+ BC9H?+ =?H3UH+ B6?5=8+ B?+ V6B?S+ B86[?5B2+ ?4+ 2;29=C56B?B84+ B8+

;92M98442+;?44?98HF+'84M?4=?H.48+5?+YCV85=CB8S+?3C4?5B2+B8+48C4+;9a;9624+:6H6=84S+8+B8;264S+TC?5B2+2+2C=252+B?+V6B?+G78M?S+:?H85=?H+2 =8H;2+;89B6B2F+

12Y8S+H8C+ Q6:72S+ ?+ V6B?+HCB2C+ 8+ 565MCUH+ ;2B89X+ B86[?9+ 2+ =8H;2+ ;?44?9+65B8Q656B?H85=8+ 48H+ ?998;85B89.48+ :2M2F+ DC6B?9+ B?4+ G264?4+ 84;696=C?64+ 85TC?5=2+ U+=8H;2+ U+ TC84=A2+ B8+ 4?38B296?F+ ,29=?5=2S+ ?G29B8+ B?+ :8=?9M6?+ 84;696=C?:+ 8+ B8Q65?.48+6H8B6?=?H85=8F+WA2+48+;2B8+ Q6G?9+B29H65B2+85TC?5=2+2+HC5B2+M69?+G?B?+V8L+H?64+9X;6B2+9CH2+?+CH+QC=C92+B8+98?:6L?\]84F+

'8+ H2B2+ ?5X:2M2S+ 7X+ ?TC8:84+ TC8+ 84;89?H+ G?69+ B2+ GUC+ ?+ =A2+ 4257?B?+Q8:6G6B?B8FFF+$G7?H+TC8+ 48C+ ;9<5G6;8+ 85G?5=?B2+ 2C+ ?+ ;965G84?+ B8+ 48C4+ 425724+ V69X+H69?GC:24?H85=8+?G29BX.:24+?+TC?:TC89+729?F+&4;89?H+=?5=2+TC8+B86[?H+B8+;89G8389+TC8+ 84=A2+ 4257?5B2S+ 8+ 425724+ 4a+ 4A2+ ;244<V864S+H8C+ Q6:72S+TC?5B2+ ?+ M85=8+ B29H8F+$G29B8+8+?;985B?+:2M2+TC8+?+Q8:6G6B?B8 5A2+G?6 B2+GUCF+

W65MCUH+ V?6+ B84G23969+ V2G_+ 84G25B6B2+ ?<S+ 8H+ 48C+ G?5=6572+ ;?9=6GC:?9+ 8S+G2H CH+;?448+B8+HXM6G?S+?;?6[25?9.48F+#?6?+;?9?+V6V89+8+H24=98.48S+?;?98\?S 396:78+8+65V64=?+ 8H+ 46+H84H2F+(+HC5B2+ =9?54Q29H2C.48+HC6=2+524+ d:=6H24+ 4UGC:24S+ 8+ V2G_+B29H6C+B8H?64+8H+48C+42572+8+Q?5=?46?F+DC6B?B2+;?9?+TC8S+TC?5B2+?G29B?9S+5A2+48+85G25=98+ 5CH+ ;84?B8:2+ B6?5=8+ B?+ 98?:6B?B8F+ #25724+ 8+ 6B8?64+ 4A2+HC6=2+ 3254S+H?4+42H85=8+?M65B2+U+TC8+24+H8C4+ Q6:724+;2B89A2+98?:6L?9+TC?:TC89+8H;9885B6H85=2+8+85G25=9?9+4?=64Q?\A2+5?+V6B?F+W65MCUH+V6V8+?;85?4+B8+425724+8+6B8?64F+&+;98G642+TC8+H8C4+Q6:724+=2H8H+?=6=CB84+8+;?98H+B8+H?4G?9?9+8+B84GC:;?9+4C?+2H644A2F+$44CH?+CH?+;24=C9?+ ?M98446V?+ 8+ B8+ G29?M8H+B6?5=8+ B?+ V6B?+ 8+5A2+ 48+ 85=98MC8+ ?2+ 4252+ B?+?:H?S+;629+B2+TC8+2+4252+65B8Q65<V8:+B?TC8:84+TC8+Q2M8H+B?+984;254?36:6B?B8F+

$G29B?9+ U+ 489+ ?M98446V2+ 8+ 92H;89+ G2H+ 2+ aG62S+ U+ 489+ ?992Y?B2+ 52+HC5B2S+?44CH65B2+?=6=CB8+B8+V85G8B29+5?+V6B?F+s+489+?=6V2S+;9a.+?=6V2S+8+5A2+48+85=98M?9+i+QCM?+B?+G254G6_5G6?F+$=U+24+H29=24+YX+48+:8V?5=?9?HS+H8C+Q6:72S+8+=9?3?:7?H+2+=8H;2+=2B2+;29+TC8+V2G_+G25=65C?+B86=?B2+8+B29H65B2w

PP " $8#*:"!(8&:*&'!*;"&<*=)"&

$+;98485\?+B8+'8C4+

)(%#(W+,W1&)(+

(+&4;<96=2+,?6+@2A2+48+C=6:6L?+B8+4C?4+8[;896_5G6?4+52+;?44?B2+;?9?+65GC=69+8H+ 5a4+ G89=24+ 85465?H85=24F+ &5=98+ ?TC6:2+ TC8+ ;jB8+ ?;985B89+ BC9?5=8+ 2+ G?=6V8692S+85Q?=6L?+ 2+ V?:29+ B2+ =9?3?:72+ 8+ ?+ 46H;:6G6B?B8+ B24+ HU=2B24+ B8+ '8C4F+ #8MC5B2+G2H85=?S+ U+ ;98G642+ B8485V2:V89+ ?+ 4854636:6B?B8+ ;?9?+ V89+ '8C4+ 8H+ G?B?+ ;?442+ B?+Y295?B?S+8H+G?B?+Q2:7?+B?+X9V298+2C+8H+G?B? TC8B?+52+52442+G?H657?9F+

#8+ 2+ D96?B29+ =9?3?:7?+ 65G844?5=8H85=8+ ;?9?+ 2+ 8TC6:<3962+ B2+ HC5B2S+?9MCH85=?S+G2H2+U+TC8+5a4S+Q6:724+48C4+TC8+C4CQ9C8H+B?+G96?\A2+8H+=8H;2+65=8M9?:S+Q6G?98H24+;?9?B24+B6?5=8+B8+=?5=?+65YC4=6\?+42G6?:+8+B846MC?:B?B8 7CH?5?w+'8V8H24+GCH;969+?+ ;?9=8+ TC8+524+ G?38+ 5?+ =?98Q?+ B8+ 98G254=9C69+ 2+HC5B2+25B8+5a4+H84H24+H29?H24F+

q+'8C4+84=X+8H+G?B?+46=C?\A2S+8H+G?B?+84TC65?S+8H+G?B?+M84=2+q+?Q69H?+,?6+@2A2F+

q+,92GC98H24+ B8G6Q9?9+?+H854?M8H+TC8+ 8:8+ 85V6?+ ;?9?+ G?B?+ CH+B8+5a4S+H8C4+Q6:724S+65G85=6V?5B2.524+?2+;92M98442F

Ph " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

&4;89?5\?+B8+'8C4+

,$*+@(v(+'&+$)f$W'$+

W65MCUH+Q26+G7?H?B2+48H+CH+23Y8=6V2S+(+G7?H?H85=2+B6V652+;9844C;]8+CH?+ =?98Q?+ B8Q656B?F+ $446H+ =?H3UH+ 5857CH+ B8+ H8C4+ Q6:724+ 84=X+ ;?9=6G6;?5B2+ B?+V6B?+B2+2C=92+;29+?G?42S+YX+TC8+'8C4+5A2+3965G?+B8+?G?42+G2H+24+48984+7CH?524F+$+'6V65?+,92V6B_5G6?+5A2+;2B8+489+G2H;?9?B?+i4+3965G?B869?4+B24+B8C484+M98M24S+TC8+Y2M?V?H+B?B24+ G2H+2+ B84=652+ B24+ 72H854F+$=9X4+ B?4+ C56]84S+ B24+ 85G25=924+ 8+ B?4+;8TC85?4+ ?=6V6B?B84+ 98?:6L?B?4+ 8H+ G25YC5=2S+ 84=A2+ M9?5B84+ ;:?58Y?H85=24+ B?+84;696=C?:6B?B8F+

fH?+G2HC56B?B8+98C56B?+U+G2H2+CH+M9?5B8+G?:B869A2+Q89V85=8S+52+TC?:+2+G2L6578692+B8;246=?+B6V89424+65M98B685=84+;?9?+Q?L89+CH?+42;?F+0X+84=A2+24+:8MCH84S+B8+B6V894?4+G2984S+ Q29H?=24+8+ =8[=C9?4S+?G984G85=?H.48+?4+V89BC9?4S+H?64+B8:6G?B?4F+WA2+;2B8+Q?:=?9+2+=8H;892S+58H+4?:+B8H?64S+58H+B8+H8524F+

W844?+42;?+B?+ Q9?=8956B?B8S+24+ 984C:=?B24+;89=85G8H+?+'8C4S+ YX+TC8+ V2G_S+H8C4+Q6:72S+98;98485=?+24+65M98B685=84F+W?B?+U+B84;98L?B2+;8:2+#85729S+TC8+?+=CB2+4C;89V64625?+G2H+V64=?4+?+CH+23Y8=6V2+Q65?:F+$4+B6Q6GC:B?B84+TC8+V2G_+85G25=9?+524+98:?G625?H85=24+Q89V8H+?+=?:+;25=2+TC8S+?24+;2CG24+q+48H+TC8+6442+48Y?+52=?B2S+?+;965G<;62+qS+G2H8\?H+?+8V?;29?9.48F+'844?+H?5869?S+2+G?:B869A2+V?6+=9?54HC=?5B2+H8C4+Q6:724S+H8B6?5=8+2+Q2M2+B?4+8[;896_5G6?4+TC8+4C9M8H+5?+V6B?+8H+G2HC56B?B8F+1X+58G8446B?B8+B8+TC8S+584=8+H2H85=2 B8+=9?54Q29H?\]84+B2+;:?58=?+-899?S+=2B24+48+98V64=?H+B2 H?64+4?5=2+G2H;92H8=6H85=2+G2H+?+239?+B2+38HF+W2+G?42+B24+HUB6C54S+;29+8[8H;:2S+?+B8B6G?\A2+B8+G?B?+CH+i+=?98Q?+B2+ 65=89G`H362+H8B6d56G2+B8V8+489+V64=?+ G2H2+ G2H;92H6442+ B2+ H?64+ ?:=2+ 46M56Q6G?B2+ 84;696=C?:S+ ;29TC8+ V2G_+ U+654=9CH85=2+ B2+ D964=2F+ ^8B6?586924+ G2H;92H8=6B24+ 4A2+ G22;89?B2984+ B8+ @84C4+ ?+489V6\2+B?4+Q29\?4+42389?5?4+B?+V6B?F+

W?4+ G69GC54=`5G6?4+ 8H+TC8+H8C4+ Q6:724+ 48+ 485=8H+H?M2?B24+ 2C+ ?3?=6B24S+B84?56H?B24+2C+Q896B24+B8+?:MCH?+Q29H?+GH+48C4+485=6H85=24S+;92GC98H+H8B6=?9+5?+V6B?+B2+W2442+#85729F+D2H+24+2:724+B?+QUS+V64C?:6L8H+@84C4+G2H+2+G29;2+B8;24=2+42398+?+G9CLF+#8+?:MCUH+?G7?+TC8+5A2+U+G2H;9885B6B2+8H+4C?4+65=85\]84S+;8548+8H+@84C4+8H+48C+G?:VX962S+485B2+?;8B98Y?B2S+V?6?B2 8+G25B85?B2+i+H29=8+;8:?+HC:=6BA2>+?+ H84H?+ ;2;C:?\A2+ TC8+ 8:8+ =?5=?4+ V8L84+ GC92CS+ ?C[6:62CS+ 854652CS+ ?G25G78M2CS+84GC=2CF+

#8+ ?:MCH+ B8+ H8C4+ Q6:724+ ?G7?+ TC8+ 48C4+ 84Q29\24+ 5A2+ 84=A2+ 485B2+V?:296L?B24S+ 98:8H398+ @84C4S+ GCY2+ G29;2+ Q26+ ;89QC9?B2+ ;8:24+ ;98M24+ B?+ 654854?=8L+7CH?5?+8 B6:?G89?B2+8H+48C+G8958S+?2+V89+2+42Q96H85=2 H2=6V?B2+;8:?+H?64+?342:C=?+6M529`5G6?F

$;a4+V64C?:6L?9+=CB2+6442S+H8C+Q6:72S+98?V?:68+48C4+H8:65B984S+4C?4+B2984+8+8H2\]84F+ #8+ 2+^84=98+ Q26+ =9?=?B2+ B8+H2B2+ =A2+ BC92S+ 2+ TC8+ B69<?H24+ B8+ 5a4S+ TC8+42H24+H8924+ ?;985B6L84+ B2+ 48C+ ?H29w+ &H+ 5857CH+H2H85=2S+ 52+ 85=?5=2S+ W2442

PR " $8#*:"!(8&:*&'!*;"&<*=)"&

#85729+V?G6:2C+2C+B8464=6C+B?+=?98Q?F+/?:296L2C+48H;98+?TC8:84+TC8+G7?H2CS+H84H2+524+654=?5=84+8H+TC8+8:84+;9a;9624+:78 V69?9?H+?4+G24=?4F+

&5Q6HS+H8C+Q6:72S+@84C4+?G98B6=2C+8H+5a4F+*5G25B6G625?:H85=8+8+48H+6H;29+98=963C6\]84S+ 8:8+ ?G98B6=2C+ 8H+ 5a4F+ e?:=?+ ?+ M85=8+ ?G98B6=?9+ =?H3UHF+ #8+ @84C4+ 5A2+=6V8448+QU+5?+7CH?56B?B8+8S+8H+84;8G6?:S+524+48C4+G2:?329?B2984S+5A2+=896?+98=295?B2+?2+;:?52+84;696=C?:+8+G25Q6?B2+?+239?+B8+98M8589?\A2+B2 HC5B2+?24+B64G<;C:24F+

&:8+ G25Q62C+ TC8+ =2B24+ 4A2+ G?;?L84S+ TC8+ V2G_+ U+ G?;?LF+ #2H85=8+ ;29TC8+B8H254=92C+ G25Q6?5\?+ 8H+ G?B?+ 489+7CH?52+ U+ TC8+ 8:8+ 48+ ?;98485=?+?2+,?6+ :8V?5B2+G2546M2S+8H+4C?+ 65=6H6B?B8S+?+7CH?56B?B8+V85G8B29?F+#?38+TC8+ 24+ Q6:724+B8+'8C4+=_H+;:85?+G?;?G6B?B8+B8+:8V?9+?V?5=8+?+239?+TC8+:784+Q26+G25Q6?B?F+

WA2+84=?H24+?+Y2M?9+G25Q8=8+8H+524424+HUB6C54S+G2H2+48+V_+5?4+Q2:6?4+B8+G?95?V?:S+ H?4+ 65G85=6V?5B2+ ?2+ ;92448MC6H85=2+ B?+ 239?+ G2H2+ 84=6V898HS+ 25B8+84=6V898H+ 8+ G2H+ TC8H+ 84=6V898H+ H8C4+ Q6:724F+ WA2+ TC898H24+ B84=?G?9+ ?+ QU+ TC8+8V85=C?:H85=8+ =857?H24+52+^84=98S+H?4+?+ QU+TC8+8:8+B8;246=?+8H+G?B?+CH+B8+5a4+B6?96?H85=8F+(+&V?5M8:72+U+CH?+H854?M8H+B8+84;89?5\?F ^?4+5A2+U+?+84;89?5\?+B2+72H8H+8H+'8C4S+8S+46HS+?+84;89?5\?+B8+'8C4+52+72H8HF+&V?5M8:72+U+6442S+H8C4+Q6:724F+

#8+?+7CH?56B?B8+42398V6V8C+?+BC?4+MC899?4+HC5B6?64+8+?+=2B2+8448+=8H;2+B8+ B64Ga9B6?S+ B29S+ B285\?4+ 8+ 65=96M?4+ ;2:<=6G?4o+ 48+ 8:?+ 42398V6V8+ ?+ V2G_4+ H84H24S+7?36=?5=84+ B2+ ;:?58=?+ -899?S+ 6442+ U+ CH+ G:?92+ 465?:+ B?+ QU+ TC8+ '8C4+ B8;246=?+ 5?+7CH?56B?B8F+,29=?5=2S+V?:296L8+?+QU+B8+'8C4+8+=9?=8+B8 G29984;25B89+?2+48C+G7?H?B2+;?=895?:F+

mC8+G?B?+CH+2:78+;?9?+B85=92+B8+46+H84H2S+5A2+;?9?+48C4+B8Q86=24S+TC8 524+6MC?:?H+?+=2B24S+H?4+;?9?+?4+V69=CB84+G25TC64=?B?4S+?+G?;?G6B?B8+B8+98?:6L?\A2+TC8+48+ 85G25=9?+5?+ 65=6H6B?B8S+ 24+ 84Q29\24+ 8H;9885B6B24+5?+G?H657?B?+q+8+ ;92446M?F+(3489V8+ =CB2+ 6442+ 8+ ?;985B?+?+ V?:296L?9+ ?4+ G264?4+ 32?4+ 8+?4+ V6=a96?4+23=6B?4+8+5A2+Q6TC8+ 48+ :?H85=?5B2+ G2H+ 24+ 89924+ ?;?985=84+ 8+ ?4+ :6H6=?\]84F+ #65=?.48+ 2=6H64=?+ 8+G25Q6?5=8S+=?5=2+52+QC=C92 TC?5=2+524+G2H;?5786924+TC8+G?H657?H+YC5=2+G2H+V2G_4F+

mC?5B2+ H8C4+ Q6:724+ :8V?5=?98H+ ?4+ HA24S+ TC8+ 48Y?H+ HA24+ 4?5=?4S+?385\2?B?4+ ;8:2+ 84Q29\2+ B8+ 98?:6L?\A2F+ $+ M9?5B8L?+ B2+ =9?3?:72+ TC8+ H8C4+ Q6:724+98?:6L?H+4a+;2B8+489+G2H;9885B6B?+i+H8B6B?+TC8+V2G_4+V64C?:6L?98H+?+?:8M96?+TC8+B84;89=?H+524+B8484;89?B24S+2+4299642+TC8+654;69?H+5?4+G96?5\?4+8+?+84;89?5\?+TC8+48+8432\?+524+2:724+B24+V8:765724+TC8+V2G_4+3858Q6G6?HS+8H+52H8+B2+?H29F+

D25=65C8+=2G?5B2+?+H8:2B6?+B2+?H29+5?+7?9;?+B2+G29?\A2F+(9B65?96?H85=8S+5A2+48+H854C9?+?+8[=854A2+8+?+6H;29=`5G6?+B24+84Q29\24+8H;9885B6B24+5?+485B?+B2+38H+ ?=U+ ?;29=?9+ 5?+ B6H854A2+ 8[=9?Q<46G?+ B?+ V6B?F+ $<S+ 46HS+ H8C4+ Q6:724+ ;2B89A2+?V?:6?9+?4+G2548TC_5G6?4+98?64+B8+48C4+?=24F+-857?+?+G89=8L?+B8+TC8+G?B?+M84=2+TC8+H8C4+ Q6:724+ Q?L8H+ U+ ?385\2?B2F+ -CB2+ 2+ TC8+ V2G_+ 8H;9885B8+ G2H+ ?H29+ U+QC5B?H85=?:+q+48Y?+2+?;25=?9+B2+:X;64+TC8+24+&4;<96=24+C=6:6L?H+;?9?+?+;46G2M9?Q6?S+48Y?+ ?+ :6H;8L?+ B2+ ?H3685=8+ ;?9?+ 98G8389+ 24+ G25V6B?B24+ B8+ @84C4F+ #8Y?+ ?+ ;:?5=?S

Pn " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

?G?96G6?B? ;8:2+?H29+B8+V2G_4S+2C+?+G96?5\?S+?C[6:6?B?+52+;92G8442+8BCG?=6V2F+-CB2 U+6H;29=?5=8S+ 8S+ 8H+ M89?:S+ 2+ V?:29+ B?4+ ;8TC85?4+ G264?4+ U+ B84;98L?B2+ ;29+ HC6=24+ B8+H8C4+ Q6:724S+ 2+ TC8+ 6H;29=?+ ;?9?+5a4S+ G25=CB2S+ 5A2+ U+ 2+ =?5=2+ TC8+ 98?:6L?HS+H?4+ ?+TC?5=6B?B8+ B8+ ?H29+ 8+ B8+ 485=6H85=2+ TC8+ V2G_4+ 4A2+ G?;?L84+ B8+ B8;246=?9+ 5?4+;8TC85?4+?=6=CB84F+

,8548H+ CH+ ;2CG2+ 56442S+ H8C4+ Q6:724S+ 8+ ?385\28H+ ?+ =?98Q?+ TC8+ V2G_4+?39?\?9?H+8H+52H8+B2+W2442+#85729+@84C4+D964=2F+

$5B86S+?5B86S+;9?+G2578G89F+^?4+2+Q6H+B2+HC5B2+U+BC92+B?+M85=8+V89F+(+Q6H+B2+HC5B2+U+BC92+B?+M85=8+V89F+/2C+;8B69+i4+32?4+?:H?4+;?9?+V69+524+42G29989F

Pb " $8#*:"!(8&:*&'!*;"&<*=)"&

&V2:C\A2+

)(%#(W+,*W1&*)(+

@2A2+ D23d+ U+ CH+ &4;<96=2+ TC8+ 48+ 2GC;?+ 8H+ 524+ 65G85=6V?9+ ?2+ ;92M98442F+e?:?.524+48H;98+TC8+?4+B6Q6GC:B?B84+B2+HC5B2+4a+489A2+4C;89?B?4+TC?5B2+?+M85=8+48+C569+52+=9?3?:72+B2+38HS+8H+;92:+B8+=2B24F+D89=?+V8L+?:MCUH+Q?:2C+G2H+,?6+@2A2+TC8+5A2+4?36?+G2H2+24+&4;<96=24+B2+38H+?65B?+65V84=6?H+5? M85=8F+

,?6+ @2A2S+;854?=6V2S+ =?:V8L+B86[?5B2+?H?BC98G89+8H+48C+;854?H85=2+CH?+:6\A2+;?9?+2+Q6:72+;8446H64=?S+984;25B8S+G2H+48C+Y86=2+H?=C=2>+

q+W_M2.V8:72 5A2+4?38+HC6=?+G264?+B24+3254+&4;<96=24+5A2S+H8C+Q6:72F+&:84+84=A2+8:8V?B24+B8H?64+;?9?+;?6.V8:72F+#a+486+TC8+B?TC6+5A2+4?62+B8+Y86=2+5857CH+8+;8\2+?2+,?6+Q29\?4+;?9?+G25=65C?9+584=8+HC5B2+B8+H8C+'8C4F+$G72+H84H2+TC8+5a4+;98G64?H24+ Q6G?9+?TC6+;29+HC6=2+=8H;2S+C4?5B2+2+G2:<962+B?+46H;:6G6B?B8S+?+Q6H+B8+TC8+;244?H24+?;985B89+?+V89+?4+G264?4+32?4F+#2H24+48984+=A2+?=9?4?B24S+8+2+HC5B2+U+=A2+G7862+B8+H?:B?B8y+

$;a4+:6M869?+;?C4?S+8:8+;92448MC6?>+q+ g9?\?4+ ?+ '8C4+ 2+ HC5B2+ 84=X+ ;9?+ ?G?3?9F+ ^?4+ ?+ 84=?\A2+ =89H65?:+ B?+

Q2Q2G?S+ B2+ G6dH8S+ B?+ 65V8Y?+ 8+ B?+ 65=96M?F+/2G_4+ YX+ V69?H+M85=8+ 2GC;?B?+ =89+ =8H;2+;?9?+ 65=96M?4w+ W2442+ G2H;92H6442+ U+ G2H+ @84C4+ 8+ G2H+ 2+ 38HF+ W65MCUH+ 84;898+85G25=9?9+G2H;?5786924+;89Q86=24+2C+=9?3?:7?B2984+8V?5M8:6L?B24F+(+TC8+=8H24S+5?+V89B?B8S+ H8C4+ Q6:724S+ 4A2+ 654=9CH85=24S+ Q899?H85=?4+ B8+ =9?3?:72+ TC8+ 84=A2+ 485B2+:?;6B?B?4+ 8+ ;98;?9?B?4+ i+H8B6B?+ TC8+ 4A2+ C=6:6L?B?4+5?+ =?98Q?F+W?B?+58H+565MCUH+84=X+ ?G?3?B2S+ ;925=2+ 2C+ ;89Q86=2F+-9?3?:7?H24+ G2H+V2G_4+ 8+ 24+ ?H?H24+ B?+ Q29H?+G2H2+ 48+ 85G25=9?HF+ WA2+ 8[6M6H24+ 58H+ H84H2+ ?+ =9?54Q29H?\A2+ H29?:F+ Wa4+ ?+65G85=6V?H24S+H?4+ 4?38H24+ 984;86=?9+ G?B?+ CHS+ 2+ M9?C+ B8+H?=C96B?B8+ 84;696=C?:+ B8+H8C4+Q6:724F+WA2+8[6M6H24+B8+V2G_4+5?B?S+;29TC8+TC8H+?H?+5A2+8[6M8S+?;85?4+?H?F+^C6=2+H8524+ 8[6M6H24+ ;89Q86\A2S+ CH?+ V8L+ TC8+ 5a4+H84H24+ =8H24+HC6=2+ ?65B?+ ?+9842:V89+B85=92+B8+5a4F+mC?5B2+?:MCUH+8[6M8+B8+?:MCH+G2H;?578692+CH?+G25BC=?+;89Q86=?S+B64G6;:65?9S+?TC8:8+TC8+Q?L+?+8[6M_5G6?+G2:2G?.48+5?+2396M?\A2+B8+48+;29=?9+G25Q29H8+ 2+ 84;89?B2+ B2+ 2C=92F+ WA2+ =8H24+ ?TC6+ 565MCUH+ 5844?+ G25B6\A2S+ B8+;89Q86\A2F+W8H+24+H85=2984+TC8+?4464=8H+V2G_4+=_H+8448+M9?C+=2B2+B8+?B6?5=?H85=2+TC8+ V2G_4+ ?=963C8H+?+ 8:84F+&4=?H24+ =2B24+ 8H+;92G8442+ B8+?;985B6L?B2S+ 8+ G25VUH+C4?9+B8+G2H;98854A2+;?9?+G2H+24+G2H;?5786924+TC8+G?H657?H+ YC5=2+B8+G?B?+CHF+WA2+ 6H;29=?+ 2+ =?5=2+ TC8+ V2G_+ 8992C+ 2C+ YC:M?+ 899?9S+ 2+ 6H;29=?5=8+ U+ TC8+ ?+ M85=8+G25=65C8+YC5=2S+;92GC9?5B2+?G89=?9F+

^C6=24+?3?5B25?H+2+ =9?3?:72+G2H+H8B2+B8+48+G25=?H65?9o+?Q?4=?H.48+B?+=?98Q?S+G96=6G?5B2S+85=A2S+?TC8:84+G2H+24+TC?64+B6V6B6C+?+G?H657?B?F+(5B8+? ?H6L?B8S+H8C4+Q6:724w+(5B8+?+GCH;:6G6B?B8+B?4+?:H?4+8H+8V2:C\A2w+(5B8 84=XS+5844?+?=6=CB8S+?+ H?9G?+ B2+ ?H29w+ ,89H?58\?H24+ YC5=24S+ ?;84?9+ B24+ 89924+ 524424+ 8+ B24+ 524424+G2H;?5786924S+B8+V8L+TC8S+48+?TC6+84=?H24+C56B24+8+98C56B24S+U+;29+58G8446B?B8+B8

hJ " !+,-+.&'/.01/2+&3!"#$%&'!()*+$ '4/&5+6+&71&8294.74,%

84=?38:8G89H24+;?9G896?S+B8 ?G89=?9H24+5244?4+B6Q8985\?4F+$+?H6L?B8+V89B?B869?+U+B2H+B8+'8C4F+

" Fim+"

hK " $8#*:"!(8&:*&'!*;"&<*=)"!

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