H^hjbY^XdXdcdXZZacdbWgZYZhjeVgZ_VjdigdXdbeVZgd$V!YZWZg{^c[dgbVgZa cdbWgZYZZhVeZghdcVVa9ZeVgiVbZcidYZHVajY# AdhXdchZ_ZgdhYZa9ZeVgiVbZcidYZHVajYejZYZcVh^hi^gadZcaViVgZVYZcdi^ÒXVgVhj eVgZ_VdXdbeVZgdh$VhbVciZc^ZcYdhjcdbWgZWV_dgZhZgkV# EVgV\VgVci^oVghjhZ\jg^YVY!hjbY^XddXdchZ_ZgdaZ]Vg{jcVhZg^ZYZegZ\jciVh VXZgXVYZadhg^Zh\dhYZk^daZcX^VYdbhi^XVfjZjhiZYejZYVXdggZgZcgZaVX^cXdc XVYVjcVYZaVheZghdcVhfjZhZ]VYZcdi^ÒXVg# H^Zm^hiZVa\cg^Zh\d!Za9ZeVgiVbZcidYZHVajYcdcdi^ÒXVg{VaVheVgZ_VhYZ^cbZ" Y^VidnadVnjYVg{VXdchZ\j^gVnjYV# 9:E6GI6B:CID9:H6AJ99:A:HI69D9:CJ:K6NDG@ >chi^ijidYZaH>96 8dchZci^b^ZcidXdcXdcdX^b^Zcid eVgV]VXZghZegjZWVhYZK>= CbZgdhiZaZ[c^Xdh^bedgiVciZh AcZVhY^gZXiVhhdWgZK>=$H>96YZa:hiVYdYZCjZkVNdg`\gVij^iVh AaVbZVZhiVhacZVheVgVdWiZcZg^c[dgbVX^cVXZgXVYZaK>=nZaH>96neVgVVkZg^\jVg adhcdbWgZhYZadhZhiVWaZX^b^ZcidhYdcYZhZ]VXZcegjZWVhYZK>=/ &"-%%"*)&"6>9H')(,>c\ah &"-%%"'(("H>96,)(':heVda AcZVYZ^c[dgbVX^chdWgZK>=$H>96YZa:hiVYdYZCjZkVNdg`eVgVaaVbVYVhedgIIN$I99/ &"'&'".'*".*+% AVhaaVbVYVhYZkdoji^a^oVcZagZeZi^YdgYZCjZkVNdg`/ ,&&d&"-%%")'&"&''%ne^YVVaVdeZgVYdgVZacbZgd&"'&'".'*".*+% AcZVY^gZXiVYZVhZhdgVb^ZcidhdWgZK>=$H>96YZa:hiVYdYZCjZkVNdg` &"-%%"-,'"',,, Egd\gVbVVcc^bdYZegjZWVhnVhZhdgVb^ZcidhdWgZK>=YZaCNH9D= EVgVdWiZcZg^c[dgbVX^chdWgZZaK>=!YZg^kVX^dcZhd^c[dgbVX^cVXZgXVYZXbd ]VXZghZjcVegjZWVYZK>=\gVij^iVnVcc^bV!aaVbZVadhegd\gVbVhVcc^bdhYZ egjZWVhnVhZhdgVb^ZcidhdWgZK>=# GZ\^cYZ6aWVcn/&"-%%".+'"*%+* GZ\^cYZ7j[[Vad/&"-%%".+'"*%+) GZ\^cYZCVhhVj/&"-%%")+'"+,-* GZ\^cYZCZlGdX]ZaaZ/&"-%%"-'-"%%+) GZ\^cYZFjZZch/&"-%%")+'"+,-* GZ\^cYZGdX]ZhiZg&"-%%".+'"*%+( GZ\^cYZHj[[da`/&"-%%")+'"+,-+ GZ\^cYZHngVXjhZ/&"-%%"*+'".)'( AcZVY^gZXiVYZa9ZeVgiVbZcidYZHVajYnHVajYBZciVaYZaV8^jYVYYZCjZkVNdg` eVgVK>=$H>96/&"-%%"I6A@"=>K&"-%%"-'*"*))- Egd\gVbVYZ6h^hiZcX^VEVgiCZgYZa:hiVYdYZCjZkVNdg`/&"-%%"*)&"6>9H Egd\gVbVYZVh^hiZcX^V8C6EYZaV8^jYVYYZCjZkVNdg`/&"'&'"+.("&)&. 8dcÒYZcX^Va^YVY AcZVY^gZXiVYZ8dcÒYZcX^Va^YVYYZa:hiVYdYZCjZkVNdg`/&"-%%".+'"*%+* 8ZcigdYZVXX^dcZhaZ\VaZh/&"'&'"')("&(&( 9ZgZX]dh]jbVcdh$Y^hXg^b^cVX^c 9^k^h^cYZ9ZgZX]dh=jbVcdhYZa:hiVYdYZCjZkVNdg`/&"-%%"*'("')(, 8db^h^cYZ9ZgZX]dh=jbVcdhYZaV8^jYVYYZCjZkVNdg`/&"'&'"(%+",*%% 9D="'**+^:H*$%*e{\#)YZ) AVegjZWVYZK>=ZhkdajciVg^V#AVVjidg^oVX^c ejZYZgZi^gVghZZcXjVafj^ZgbdbZcidbZY^VciZ aVYZW^YVcdi^ÒXVX^cVhjbY^Xd#AZVaVheVgiZh 6n7YZZhiZ[dgbjaVg^dn!h^XdbegZcYZaV h^\j^ZciZ^c[dgbVX^cnYZhZVfjZhZaZ]V\Vc aVhegjZWVhXdggZhedcY^ZciZh!ÒgbZZcaVeVgiZ ^c[Zg^dgYZaVeVgiZ7# AV^c[ZXX^cedgK>=gZegZhZciVjcegdWaZbV \gVkZYZhVajY#:a9ZeVgiVbZcidYZHVajYYZa :hiVYdYZCjZkVNdg`gZXdb^ZcYV]VXZghZaV egjZWVYZK>=#:cZaXVhdYZbj_ZgZhZbWVgVoV" YVh!Za9ZeVgiVbZcidgZXdb^ZcYVfjZaVegjZWV hZ]V\VZcZiVeVhiZbegVcVhYZaZbWVgVodnhZ gZe^iVZcZiVeVhb{hVkVcoVYVh# 6eVgi^gYZ_jc^dYZ'%%*!ZhiZYdXjbZcid gZZbeaVoVg{VidYdhadhdigdh[dgbjaVg^dhYZ XdchZci^b^ZcideVgV]VXZghZegjZWVhYZK>=! hVakdZcZaXVhdYZegjZWVhYZK>=VXZaZgVYVh ]ZX]VhZchVaVhYZeVgid# D7H:GK68>DC:H/ZhiZ[dgbjaVg^dhZYZWZ ji^a^oVg_jcidXdcZa[dgbjaVg^d9D="'**+:H! EVgiZ7# 9D="'**+^:H*$%*e{\#&YZ) EVgiZ 6 :aK>=ZhZak^gjhfjZXVjhVZaH>96# :aK>=hZigVchb^iZYZjcVeZghdcVVdigVYjgVciZaVhgZaVX^dcZhhZmjVaZhh^cegdiZXX^c Xd^idkV\^cVa!VcVajdgVah^cXdcYcXdcVa\jcVeZghdcV^c[ZXiVYVXdcZak^gjh# :aK>=hZigVchb^iZVigVkhYZaXdciVXidXdcaVhVc\gZ!edgZ_ZbeadVaXdbeVgi^gV\j_Vh eVgV]VXZghZeZg[dgVX^dcZhZcZaXjZgede^ZgX^c\!]VXZghZiVijV_Zhd^cnZXiVghZYgd\Vh YZXjVafj^Zgi^edXdcVa\jcVeZghdcV^c[ZXiVYVXdcZak^gjh# AVc^XVbVcZgVYZhVWZgh^jcdZhi{^c[ZXiVYdXdcZaK>= Zh]VX^cYdhZaVhegjZWVhXdggZhedcY^ZciZh# AVhegjZWVhYZK>=cdXdcaaZkVcg^Zh\dheVgVaVhVajY#>bea^XVcgZXdaZXiVgjcVdb{h bjZhigVhYZhVc\gZ!Ój^YddgVa!dg^cV# HjYdXidgdXdchZ_ZgdaZZmea^XVg{adhgZhjaiVYdhYZaVhegjZWVhnaZ^cY^XVg{h^cZXZh^iV ]VXZghZegjZWVhVY^X^dcVaZh# HjegjZWVYZK>=YZ]dn^cXajnZ/ JcVegjZWVeVgVhVWZgh^Zhi{^c[ZXiVYdXdcZaK>=jcVegjZWVYZVci^XjZgedhdjcV egjZWVYZak^gjh0 H^ZagZhjaiVYdZhK>=edh^i^kd!hZ]Vg{cegjZWVhVY^X^dcVaZhXdbdegjZWVheVgV/ VnjYVgVhjbY^XdVYZiZgb^cVgZabZ_dgigViVb^ZcideVgVjhiZY# hZgk^gYZ\jVVa9ZeVgiVbZcidYZHVajYeVgVegd\gVbVhYZegZkZcX^cYZaK>=# :m^hiZcY^kZghVhdeX^dcZheVgV]VXZghZaVegjZWV/ JhiZYejZYZdeiVgedg]VXZghZjcVegjZWVXdcÒYZcX^Va!ZcXjndXVhdadhgZhjaiVYdh eVhVg{cV[dgbVgeVgiZYZhj]^hidg^VXac^XVnedYg{cegdedgX^dcVghZVhjbY^XdeVgV fjZaZWg^cYZhZgk^X^dhgZaVX^dcVYdhXdcZaK>=ndigdhi^edhYZViZcX^cbY^XV# DigVdeX^cZh]VXZghZaVegjZWVYZbVcZgVVcc^bV!adXjVah^\c^ÒXVfjZjhiZYcdY^" kja\Vg{hjcdbWgZc^hZVhZciVg{cadhgZhjaiVYdhYZaVegjZWVZchj]^hidg^VXac^XV#H^ ZagZhjaiVYdZhedh^i^kd!i^ZcZaVdeX^cYZYVghjcdbWgZYZbdYdYZdWiZcZgViZcX^c bY^XVXdcbVndggVe^YZo# EVgVdWiZcZgb{h^c[dgbVX^cVXZgXVYZaVhdeX^dcZheVgV]VXZghZaVhegjZWVhn VkZg^\jVgadhcdbWgZhYZadhZhiVWaZX^b^ZcidhYdcYZaVhegjZWVhhZ]VXZcYZbVcZgV Vcc^bVd\gVij^iV!egZ\ciZaZVhjbY^XddXdchZ_ZgddaaVbZVa&"-%%"*)&"6>9H# =VXZghZaVegjZWVYZK>=Zh^bedgiVciZeVgVaVhVajY# H^ZagZhjaiVYdYZaVegjZWVZhcZ\Vi^kd!ejZYZ^c[dgbVghZVXZgXVYZXbdegdiZ\ZghZ eVgVcd^c[ZXiVghZZcZa[jijgd# H^ZagZhjaiVYdZhedh^i^kd/ EjZYZidbVgaVhbZY^YVhcZXZhVg^VheVgVZk^iVg^c[ZXiVgVdigVheZghdcVhXdcZak^gjh# EjZYZgZX^W^gigViVb^ZcideVgVZaK>=Z^c[dgbVghZhdWgZdigVhbVcZgVhYZegZhZgkVg ZaWjZcZhiVYdYZhVajY#8dbdeVgiZYZaigViVb^Zcid!hZaZ]Vg{cegjZWVhVY^X^dcVaZh eVgVYZiZgb^cVgZabZ_dgegdXZY^b^ZcideVgVjhiZY!ZcigZZaaVhegjZWVhYZ gZh^hiZcX^Vk^gVanYZXVg\Vk^gVa# 9D="'**+^:H*$%*e{\#'YZ) =VXZghZaVegjZWVYZK>=ZhYZZheZX^Va^bedgiVcX^VZcZa XVhdYZbj_ZgZhZbWVgVoVYVh# JcVbVYgZ^c[ZXiVYVejZYZigVchb^i^gZak^gjhVaWZWYjgVciZZaZbWVgVod!Za cVX^b^ZciddVigVkhYZaVaVXiVcX^V# :hbjX]dbZ_dgXdcdXZghjXdcY^X^cYZK>=ZcZiVeVhiZbegVcVhYZaZbWVgVodeVgV VhedYZgidbVgYZX^h^dcZh^bedgiVciZhVXZgXVYZhjhVajYnYZaVYZhjWZW# H^jhiZYZhi{ZbWVgVoVYVnZhi{^c[ZXiVYVXdcZaK>=!i^ZcZVhjY^hedh^X^c igViVb^ZcidheVgVZk^iVgXdciV\^VgVaWZWXdcZak^gjhnbZ_dgVghjegde^dZhiVYdYZ hVajY#H^jhiZYi^ZcZK>=ncdgZX^WZigViVb^Zcid!aVhegdWVW^a^YVYZhYZigVchb^i^gaZ Zak^gjhVaWZWhdcYZjcVZcXjVigd#H^h^\jZjcigViVb^Zcid!ZcXVbW^d!aVh egdWVW^a^YVYZhhdcbjX]dbZcdgZh# H^cdhZ]VXZaVhegjZWVhYjgVciZZaZbWVgVod!hjbY^XdaZhj\Zg^g{fjZhZaVh]V\V YjgVciZZaigVWV_dYZeVgid#:cidYdhadhXVhdh!VaWZWhZaZ]Vg{caVhegjZWVhajZ\dYZa cVX^b^Zcid#H^hjWZWdWi^ZcZjcgZhjaiVYdedh^i^kdZcaVegjZWVh^\c^ÒXVfjZjhiZY Zhi{^c[ZXiVYVXdcZaK>=nfjZZaWZW]Vh^YdZmejZhidVak^gjh# H^adhgZhjaiVYdhYZaVegjZWVhdcedh^i^kdh/ EVgVZk^iVgaVY^hXg^b^cVX^cYZeZghdcVhXdcK>=!aVhaZnZhZhiViVaZhegdiZ\Zchj ^YZci^YVYnaVXdcÒYZcX^Va^YVYYZadhgZhjaiVYdhYZaVegjZWV# :caVbVndgVYZadhXVhdh!hZaZeZY^g{fjZegdedgX^dcZjcVVjidg^oVX^cedgZhXg^id VciZhYZedYZgY^kja\VgadhgZhjaiVYdhYZhjhegjZWVhYZK>=# HZejZYZY^kja\Vghj^c[dgbVX^cgZaVi^kVVaK>=Vegd[Zh^dcVaZhYZaVhVajYVXVg\d YZjhiZYdYZhj]^_dZmejZhid0[jcX^dcVg^dhYZhVajYXjVcYdadZm^_VaVaZn0 VhZ\jgVYdgZheVgVedYZgZ[ZXijVgeV\dh0eZghdcVhfjZeVgi^X^eZcZcZaegdXZhdYZ VYdeX^cdXdadXVX^cZc]d\VgZhhjhi^ijidh0eZghdcVadÒX^VaXdggZXX^dcVadV[ZXiVYdVa egdXZhdYZa^WZgiVYXdcY^X^dcVa0eZghdcVaYZhVajYdViZcX^cYZZbZg\ZcX^VhfjZ]VnV ZhiVYdZmejZhidVXX^YZciVabZciZVhjhVc\gZ0deZghdcVhVjidg^oVYVhbZY^VciZjcV dgYZc_jY^X^VaZheZX^Va# AdhcdbWgZhYZaVheZghdcVh^c[ZXiVYVhXdcK>=hZYZWZc^c[dgbVgVa9ZeVgiVbZcid YZHVajYYZa:hiVYdeVgVedYZggZVa^oVgjchZ\j^b^ZcidYZaVZe^YZb^VneaVc^ÒXVgadh hZgk^X^dheZgi^cZciZh# EVgVdWiZcZggZhejZhiVhVhjhegZ\jciVhnVnjYVgZheZXidYZegdWaZbVhgZaVi^kdhVaV XdcÒYZcX^Va^YVY!aaVbZVaVacZVY^gZXiVYZXdcÒYZcX^Va^YVYhdWgZZaK>= &"-%%".+'"*%+*# AV9^k^h^cYZ9ZgZX]dh=jbVcdhYZa:hiVYdYZCjZkVNdg`&"-%%"*'("')(,ejZYZ VnjYVgadh^jhiZYXdch^YZgVfjZ]Vh^YdY^hXg^b^cVYdedgiZcZgK>=# H^ZagZhjaiVYdYZaVhegjZWVhZhedh^i^kd!hjbY^XddXdchZ_Zgd]VWaVg{XdcjhiZYgZ" heZXidYZ^c[dgbVgVhjeVgZ_VdVaVheZghdcVhXdcaVhXjVaZhXdbeVgiZV\j_VhVXZgXV YZaVedh^W^a^YVYYZ]VWZgZhiVYdZmejZhidhVak^gjh# :hiVheZghdcVhi^ZcZcfjZhVWZgfjZiVakZo]VnVcZhiVYdZmejZhiVhVaK>=!eVgVVh edYZg]VXZghZaVhegjZWVhXdggZhedcY^ZciZhn]VXZghZigViVgZcXVhdYZZhiVg^c[ZXiVYVh XdcZak^gjh# 9D="'**+^:H*$%*e{\#(YZ) 9:E6GI6B:CID9:H6AJ99:A :HI69D9:CJ:K6NDG@ >ch^ijidYZaH>96 8dchZci^b^ZcidXdcXdcdX^b^Zcid eVgV]VXZghZegjZWVhYZK>= B^bY^Xd]VgZhedcY^YdVidYVhaVhegZ\jciVhfjZiZcVgZheZXidYZ aVhegjZWVhYZK>=nbZ]V^c[dgbVYdedgZhXg^idadhh^\j^ZciZhYZiVaaZh VagZheZXid/ EVgiZ 7 :aK>=ZhZak^gjhfjZXVjhVZaH>96# AVc^XVbVcZgVYZhVWZgh^jcdZhi{^c[ZXiVYdXdcZaK>=Zh]VX^cYdhZ aVhegjZWVhXdggZhedcY^ZciZh# =VXZghZaVegjZWVYZK>=Zh^bedgiVciZeVgVaVhVajY!ZheZX^VabZciZZcZaXVhdYZ bj_ZgZhZbWVgVoVYVh# AVegjZWVYZK>=ZhkdajciVg^V#AVVjidg^oVX^cejZYZgZi^gVghZZcXjVafj^Zg bdbZcid# :m^hiZcY^kZghVhdeX^dcZheVgV]VXZghZaVegjZWV!ZcigZZaaVhaVbdYVa^YVY Vcc^bVnXdcÒYZcX^Va# EVgVZk^iVgaVY^hXg^b^cVX^cYZeZghdcVhXdcK>=!aVhaZnZhZhiViVaZhegdiZ\ZcaV XdcÒYZcX^Va^YVYYZadhgZhjaiVYdhYZaVegjZWVnaV^YZci^YVYYZadhhj_ZidhfjZ hZaVh]VXZc# H^ZagZhjaiVYdYZaVhegjZWVhZhedh^i^kd!b^bY^Xd]VWaVg{Xdcb^\dgZheZXidYZ ^c[dgbVgVaVheZghdcVhXdcfj^ZcZhbVciZc\dgZaVX^dcZhhZmjVaZhdXdbeVgid V\j_VhVXZgXVYZaVedh^W^a^YVYYZZhiVgZmejZhidhVak^gjh# 9dnb^XdchZci^b^ZcideVgVfjZbZ]V\VcaVhegjZWVheZgi^cZciZheVgV Y^V\cdhi^XVgaVedh^WaZ^c[ZXX^cXdcZaK>=#H^hZYZiZXiVfjZZhidn^c[ZXiVYdXdcZa K>=!Ydnb^XdchZci^b^ZcideVgVfjZhZ]V\VcegjZWVhVY^X^dcVaZhYZb^bjZhigV eVgVYZiZgb^cVgZabZ_dgigViVb^ZcidVhZ\j^gneVgVfjZh^gkVcXdbd\jVYZadh egd\gVbVhYZegZkZcX^cYZaK>=#6YZb{hYdnb^XdchZci^b^ZcideVgVfjZbZ]V\Vc egjZWVhZcZa[jijgdeVgV\j^Vgb^igViVb^Zcid#8dbegZcYdfjZejZYdXVbW^VgYZ eVgZXZghdWgZegjZWVh[jijgVhZcXjVafj^ZgbdbZcid# HadeVgVbj_ZgZhZbWVgVoVYVh/ 6YZb{hYZaVhegjZWVhnVYZhXg^iVh!Vjidg^odVb^bY^XdVgZeZi^gaVhegjZWVh YZY^V\chi^XdYZaK>=ZcZiVeVhb{hVkVcoVYVhYZaZbWVgVod#:ci^ZcYdfjZb^ bY^Xd]VWaVg{Xdcb^\dVXZgXVYZaVhegjZWVhVciZhYZgZeZi^gaVhnbZ^c[dgbVg{adh gZhjaiVYdhdWiZc^Ydh#AVVjidg^oVX^ceVgVgZeZi^gaVhegjZWVhYZY^V\chi^XdhZa^b^iV Vb^ZbWVgVodVXijVac^XVbZciZnejZYdgZi^gVgaVZcXjVafj^ZgbdbZcid# ;^gbV/ EZghdcVVaVfjZhZaZ]Vg{aVegjZWVdgZegZhZciVciZaZ\VaVjidg^oVYd H^ZhjcgZegZhZciVciZaZ\Va!^cY^fjZaVgZaVX^cXdcZaeVX^ZciZ/ CdbWgZZcaZigVYZ^begZciV/ d =^hidg^VXac^XVC / ;ZX]V/ 6eVgi^gYZ_jc^dYZ'%%*ZaegZhZciZgZZbeaVoVg{VidYdhadhdigdh[dgbjaVg^dhYZXdchZci^b^ZcideVgV ]VXZghZegjZWVhYZK>=!hVakdZcZaXVhdYZegjZWVhYZK>=VXZaZgVYVh]ZX]VhZchVaVhYZeVgid# D7H:GK68>DC:H/ZhiZ[dgbjaVg^dhZYZWZji^a^oVg_jcidXdcZa[dgbjaVg^d9D="'**+^:H!EVgiZ6# 9D="'**+:H*$%*