MB.B×BOB $6-563" +6&7&4%&"#3*-%& -PTFTDSJUPSFTFOMFOHVB DBUBMBOBDPODFEFOTV QSFNJPB.ËSJVT4BNQFSF #"3$&-0/" "(&/$*"4 &MQPFUB.ËSJVT4BNQFSF IBHBOBEPFM1SFNJP+BV NF'VTUFSEFMB"TTPDJBDJØ E&TDSJQUPSTFO-MFOHVB$B UBMBOB"&-$ USBTDJODPEÏ DBEBTEFEFEJDBDJØOBMBMJ UFSBUVSBZVOBPCSBQPÏUJ DBRVFHJSBFOUPSOPBMBSF GMFYJØOTPCSFMBDPOEJDJØO IVNBOBZFMQBQFMEFMBGJHV SBEF%JPTDPNPDSFBEPS i$ØNP NF HVTUB FTDSJ CJSFOVOBMFOHVBRVFEJDFO RVFTFNVFSFw$POFTUPT MPTWFSTPTEFMQPFNB$PN NBHSBEB Z WJTJCMFNFO UFFNPDJPOBEPBHSBEFDJØ 4BNQFSFFM1SFNJP+BVNF 'VTUFSRVFSFDPOPDFTVMBS HBUSBZFDUPSJBZRVFSFDJCJØ EFMBNBOPEFMQSFTJEFOUF EFMB"&-$(VJMMFN+PSEJ (SBFMMT 4BNQFSFEFTUBDØMPTJHOJ GJDBUJWPEFSFDJCJSVOQSFNJP OPEFVOKVSBEPTJOPEFMPT QSPQJPTFTDSJUPSFTZWBMPSØ DPODJFSUBJSPOÓBRVFTFFO DVFOUSBFOiVOQSPDFTPEF JSBNÈTZMVFHPWFOESÈVO JSSFWFSTJCMFQSPDFTPEFJSB NFOPTw&MQPFUBOBDJEP FOFM(VJOBSEØIBQVCMJDB EPSFDJFOUFNFOUFTVQSJNF SBOPWFMB&MHSBUBDFM -. &MBVUPSQSFTFOUBTVQSPQVFTUBFOMBHBMFSÓB"5. &MKPWFODSFBEPSEF-MFJEB 'SBODFTD#BSSVMMFYQPOFFO#FSMÓO --&*%" -. &MBSUJTUBEF-MFJEB'SBODFTD #BSSVMM$BTUFMMWÓDPOPDJEP DPNP$JTDPLTMFYQPOFTV DSFBDJØOFOMBHBMFSÓB"5. EF.BESJE$POFMUÓUVMP*CF SJBO$PMPVSTFMBSUJTUBMFSJ EBOPFYQPOFKVOUPBMTFWJ MMBOP'BUBTVQSPQVFTUBDFO USBEBFOMBDPNCJOBDJØOFO USFMBDVMUVSBMIJQIPQZFMBS UFDPOUFNQPSÈOFP 'SBODFTD#BSSVMMQSFTFOUB -B-MPUKBBDPHF MBDBOUBUB A-BDBOÎØNÏT CPOJDBEFMNØO --&*%"V-B-MPUKBBDPHJØBZFS MBDBOUBUBFTDÏOJDB-BDBOÎØ NÏTCPOJDBEFMNØOVOB PCSBDPONÞTJDBEF+PTFQ 1SFOBGFUBZUFYUPEFMDVFOUP IPNØOJNPEF.JRVFM%FT DMPU-BBDUJWJEBERVFGPSNB QBSUFEFMQSPZFDUP"VEJUPSJJ $POTFSWBUPSJFEVRVFOUJF OFDPNPPCKFUJWPIBDFSQBS UÓDJQFTBMPTNÈTKØWFOFTEF MBJOUFSQSFUBDJØOEFVOBPCSB TJOGØOJDPDPSBM-PTQSPUB HPOJTUBTEFMBDBOUBUBJOUFS QSFUBEBBZFSGVFSPOMPT BMVNOPTEFMPTDPSPTEF DPMFHJPTEFQSJNBSJBEFMB DBQJUBMEFM4FHSJË 4¶-7*"#Á5*" FO#FSMÓOTVQSPQVFTUB#P RVFTVOBNJSBEBBMBQFS TPOBMJEBEZBMBMNBBUSBWÏT EFSFUSBUPTRVFFMBVUPSEF GJOFDPNPQPDPDPOWFODJP OBMFT &MDPNJTBSJPEFMBFYQPTJ DJØOZEJSFDUPSBSUÓTUJDPEF MBHBMFSÓBBSHVNFOUBRVFMB PCSBEFMDSFBEPSEF-MFJEB DPOTJHVFiUSBOTNJUJSFNP DJPOFTZFYQSFTBSTFBUSB WÏTEFMPTPUSPTw &M(SVQ*$(4PGUXBSFTFSÈ FMQSJNFSQBUSPDJOBEPSEFM $POTPSDJEFMB4FV7FMMB &MADPOTFMMFS5SFTTFSSBTGJSNB NB×BOBFTUFBDVFSEPDPO MBFNQSFTBEFJOGPSNÈUJDB $VMUVSBZ%JQVUBDJØOUBNCJÏO EBSÈOMV[WFSEFBBDUVBDJPOFT FONVTFPTEFMUFSSJUPSJP O--&*%" 'SBODFTD(VJMMBVNFU &M(SVQ*$(4PGUXBSFVOB FNQSFTBEF-MFJEBFTQFDJB MJ[BEBFOMBDPNFSDJBMJ[BDJØO EFUFDOPMPHÓBTEFMBJOGPSNB DJØOTFDPOWFSUJSÈNB×BOB FOFMQSJNFSQBUSPDJOBEPSEFM $POTPSDJEFM5VSØEFMB4FV 7FMMBBUSBWÏTEFMBDVFSEPRVF GJSNBSÈODPOFMDPOTFMMFSEF $VMUVSB+PBO.BOVFM5SFTTF SSBTQBSBJOGPSNBUJ[BSFMDPO KVOUPNPOVNFOUBMEFMB4FV 7FMMBZMB4VEB &MBDVFSEPEFQBUSPDJOJPo DVZPTEFUBMMFTTFQSFTFOUB SÈONB×BOBEVSBOUFMBGJSNB EFMDPOWFOJPoTFJODMVZFFO FMOVFWPQSPHSBNBEFQBUSP DJOJPRVFJNQVMTBFM$POTPS DJEFM5VSØEFMB4FV7FMMBQB SBJNQMJDBSBMDBQJUBMQSJWBEP FOFMNBOUFOJNJFOUPEFMDPO KVOUPZQPSMBOFDFTJEBEEF BEBQUBSBMBTOVFWBTUFDOP MPHÓBTUPEPFM5VSØ$POFT UFPCKFUJWPFM(SVQ*$(4PGU XBSFVOBDPNQB×ÓBMFSJEBOB RVFMJEFSBMBGBCSJDBDJØOZFM EFTBSSPMMPEFTPMVDJPOFTUFD OPMØHJDBTEFJOOPWBDJØOQB SBMPTTFDUPSFTFNQSFTBSJB MFTBQPSUBSÈMBTTPMVDJPOFT PGJNÈUJDBTOFDFTBSJBTQBSBFM GVODJPOBNJFOUPEFMDPOKVO UPNPOVNFOUBMEVSBOUFMPT QSØYJNPTB×PT -BGJSNBMFSJEBOBRVFFY QPSUB TVT QSPEVDUPT B 50/:"-$«/5"3" -B4FV7FMMBJOGPSNBUJ[BSÈFMDPOKVOUPNPOVNFOUBMDPOFTUFQBUSPDJOJP QBÓTFTQBSUJDJQBFOEJWFSTBT BDDJPOFTEFBQPZPBMÈNCJUP TPDJBMBDBEÏNJDPZEFQPSUJ WP&OUSFPUSBTBDUVBDJPOFT FMHSVQPFNQSFTBSJBMUJFOFEJ WFSTPTDPOWFOJPTQBSBMBDF TJØOEFDPOPDJNJFOUPEFTVT TPMVDJPOFTTPGUXBSFBMBTVOJ WFSTJEBEFTEF(SBOBEB4F WJMMBZ-MFJEB$POFMDPOWFOJP EFNB×BOBMBFNQSFTBTFJO DPSQPSBBMQBUSPDJOJPEFMNP OVNFOUPMFSJEBOP &M$POTPSDJEFM5VSØEFMB 4FV 7FMMB OBDJØ FM QBTBEP NFTEFKVOJPDPOFMDPODVS TPEFMB1BFSJBZEFM%FQBS UBNFOUEF$VMUVSBEFMB(F OFSBMJUBUEF$BUBMVOZBDPOFM PCKFUJWPEFHFTUJPOBSDPOKVO UBNFOUFFMNPOVNFOUPZNF KPSBSMBJOWFSTJØOZMBEJGVTJØO EFMNPOVNFOUP&MEFNB×B OBTFSÈFMQSJNFSDPOWFOJPEF QBUSPDJOJPRVFTFGJSNBEFTEF MBDPOTUJUVDJØOEFM$POTPSDJ "EFNÈTEFFTUFDPOWFOJP FMDPOTFMMFS5SFTTFSSBTUBN CJÏOGJSNBSÈVOBDVFSEPDPO MB%JQVUBDJØOEF-MFJEBQBSB EFTUJOBSFVSPTB NVTFPTEFMBTDPNBSDBTEF 1POFOU %"33&3$0.6/*$"5 .FEJËUJDTJ4BOU+PSEJ & M/PVEJDDJPOBSJMMFJEBUËDBUBMËWBTFSFMMMJCSFNÏTWFOVU QFS4BOU+PSEJ5BNCÏWBGVODJPOBSNPMUCÏ-BEPOBRVFGV HJBEFMBCPJSBEFMQFSJPEJTUBMMFJEBUË"MCFSU-MJNØTJ4FTBCSËUPU EF9BWJFS#PTDI"ÞMUJNBIPSBBRVFMMBFOMBRVFFMTQFSJPEJTUFT BQSPGJUFNQFSGFSMFTEBSSFSFTUSVDBEFTBMTMMJCSFUFSTQFSRVÒFOT DPNFOUJOMFTÞMUJNFTBOÒDEPUFTEFMBKPSOBEBo+PSEJ$BTFMMFTFN DPNFOUBWBRVFFMTNFEJËUJDTUBNCÏIBWJFOGVODJPOBUGPSÎBCÏ %JVFOFMTMMJCSFUFSTRVFQFS4BOU+PSEJFTGBFMEFMBGBDUVSBDJØ BOVBMFOVOTFDUPSPOMBDSJTJTIBEFJYBUOPUBSQPDoUBNQPDTIJ EFJYFOOPUBSFOBRVFTUËNCJUFMTQFSÓPEFTEFCPOBOÎBFDPOÛNJ DB4JHVJRVJOTJHVJFMSFTVMUBUEF4BOU+PSEJTJHVJORVJOTTJHVJOFMT MMJCSFTNÏTWFOVUTMBSFBMJUBUÏTRVFBRVFTUBÏTVOBGFTUBÞOJDB OPOPNÏTQFMDPNQPOFOUDÓWJDEFMBTFHPOB%JBEBEF$BUBMVOZB TJOØUBNCÏQFSRVÒ4BOU+PSEJÏTMBGFTUBEFMBMJUFSBUVSB2VFVO QBÓTEFEJRVJVOEJBBDPNQSBSMMJCSFToNFEJËUJDTPOPoÏTVOBDP TBRVFDBMDFMFCSBS4JFTWFOFONPMUTMMJCSFTEBVUPSTNFEJËUJDT MFTFEJUPSJBMTUBNCÏUJOESBONÏTSFDVSTPTQFSQVCMJDBSBMUSFTHÒ OFSFTEFNÏTQSFTUJHJQFSÛNFOZTSFOEJCMFTDSFNBUÓTUJDBNFOU &MTNFEJËUJDTTØOB4BOU+PSEJFMRVFFMTCBMMTEFTBMØBMFTFTDP MFTEFEBOTB$BMGFSOFQFSUFOJSFMTSFDVSTPTTVGJDJFOUTQFSJN QBSUJSUBNCÏEBOTBDMËTTJDB7JTDB4BOU+PSEJ '3"/$&4$(6*--"6.&5 HVJMMBVNFU!MBNBOZBOBFT