IV centenario de la muerte de Miguel de Cervantes

Page 1



46 7*%"

46 0#3"

464 $*6%"%&4

464 1&340/"+&4

464 $0&5©/&04

2VÍ DPOPDFNPT EFM IPNCSF Z RVÍ OPT IB EFKBEP FM NJUP

4VT UÑUVMPT DMBWF Z MBT FEJDJPOFT QBSB EFTDVCSJS TV PCSB

3BTUSFBNPT MPT QBTPT EF $FSWBOUFT TV IJEBMHP Z 4BODIP

-PT HSBOEFT TFSFT JNBHJOBSJPT RVF OPT SFHBMÖ FM BVUPS

4V SFMBDJÖO DPO 2VFWFEP -PQF 4IBLFTQFBSF

&OUSFWJTUB DPO MPT BDBEÍNJDPT %BSÑP 7JMMBOVFWB Z 'SBODJTDP 3JDP Z %F MB A" B MB A; DVSJPTJEBEFT TPCSF MB WJEB EFM MJUFSBUP {:BDFO FO .BESJE MPT SFTUPT EF $FSWBOUFT

»À»ÀÚ¼º»Àĉ ĉ ĉ

-PT UFYUPT EF QPSUBEB EF FTUF FTQF DJBM DFSWBOUJOP FTUÆO DPNQVFT UPT DPO UJQPHSBGÑB EF MB GBNJMJB "UB OBTJB MB NJTNB DPO MB RVF FM JNQSF TPS +VBO EF MB $VFTUB FTUBNQÖ FO FO TV UBMMFS EF MB DBMMF "UPDIB MB QSJNFSB FEJDJÖO EFM 2VJKPUF %F MPT DFSDB EF FKFNQMBSFT RVF GPSNBCBO BRVFMMB UJSBEB TPMP TF DPOTFSWBO FO UPEP FM NVOEP 6OP EF FMMPT FM DVTUPEJBEP QPS MB #JCMJPUFDB /BDJPOBM TF QVFEF PKFBS EF GPSNB JOUFSBDUJWB FO TV XFC RVJKPUF COF FT MJCSP IUNM

.*(6&- %& $&37"/5&4 4""7&%3" FM BVUPS NÆT DÍMFCSF EF MBT MFUSBT FTQBÕPMBT SFDJCÑB B MB NVFSUF FO VOB DÍOUSJDB DB MMF EF .BESJE UBM EÑB DPNP IPZ VO EF BCSJM EFM BÕP USBT VOB WJEB JOUFOTB F JHOPSBOEP JOKVTUBNFOUF MB SFWPMVDJÖO MJUFSBSJB EF MB RVF GVF QSPUBHPOJTUB &O MBT QÆHJOBT EFM 2VJKPUF TV PCSB DVNCSF Z MB QSJNFSB OP WFMB NPEFSOB OPT EFKÖ VOB MFDDJÖO VOJWFSTBM EF IVNBOJTNP RVF IB USBTQBTBEP GSPOUFSBT Z TV NVFSUF FO VOB GFDIB NVZ DFS DBOB B MB EFM HFOJP JOHMÍT 8JMMJBN 4IBLFTQFBSF NBSDÖ QBSB UPEPT OPTPUSPT VOB FGFNÍSJEF FO FM DBMFOEBSJP FM %ÑB EFM -JCSP .BÕBOB EF BCSJM OP QPS DBTVBMJEBE DFMFCSBNPT MB NBHJB EF MB MFDUVSB &TUB QVCMJDBDJÖO FTQFDJBM FT VO IPNFOBKF B TV GJHVSB Z TV PCSB BTÑ DPNP VO OVFWP JOUFOUP QPS BDFSDBS FM IPNCSF Z FM NJUP B MPT MFDUPSFT +PTÍ .BOVFM -VDÑB DBUFESÆUJDP EF MB 6OJWFSTJEBE $PNQMVUFOTF IB QSFQBSBEP VOB CJPHSBGÑB FO MB RVF BIPOEB FO BNCPT DPODFQUPT {RVÍ TBCFNPT EF EPO .J HVFM Z RVÍ EFM NJUP "TÑ CVDFBNPT FO MPT QSJODJQBMFT FTDSJUPT DFSWBOUJOPT Z FM QFSGJM EF TVT QFSTPOBKFT SBTUSFBNPT MPT QBTPT RVF EJFSPO FM MJUFSBUP Z TVT DBSBDUFSFT NÆT VOJWFSTBMFT FM JOHFOJPTP IJEBMHP Z TV FTDVEFSP BOBMJ[BNPT DPO EPT BDBEÍ NJDPT EF MB 3FBM "DBEFNJB &TQBÕPMB oMPT DFSWBOUJTUBT %BSÑP 7JMMBOVFWB Z 'SBODJTDP 3JDPo FM MFHBEP EFM 2VJKPUF EFTDVCSJ NPT DÖNP MB JORVJOB Z MB FOWJEJB NBSDBSPO MBT SFMBDJPOFT DPO TVT DPFUÆOFPT oPUSBT HSBOEFT QMVNBT FTQBÕPMBT EFM 4JHMP EF 0SPo BCPSEBNPT DVÆM GVF MB DPOFYJÖO oTJ FT RVF FYJTUJÖo FOUSF $FSWBOUFT Z 4IBLFTQFBSF Z GJOBMNFOUF SFQBTBNPT MB QSVEFO DJB DPO MB RVF MPT FYQFSUPT IBO USBUBEP EF WFSJGJDBS TJ MPT SFTUPT EFM BVUPS EFTDBOTBO FO FM DPSB[ÖO EF .BESJE 6O BDFSDBNJFOUP NJOVDJPTP BM VOJWFSTP EFM .BODP EF -FQBOUP QBSB SFDPSEBS Z TPCSF UPEP QBSB JOUFOUBS DPNQSFO EFS MPT TVFÕPT Z EFTWFMPT EFM RVF QSPCBCMFNFOUF FT FM DSFB EPS EFM UFYUP EF GJDDJÖO NÆT MFÑEP EF MB IJTUPSJB MBT HVÈBT EF %*3&$503 "STFOJP &TDPMBS .BHBDÈO FTQFDJBM FMBCPSBEP QPS FM EFQBSUBNFOUP EF 1VCMJDBDJPOFT OP %JBSJBT EF NJOVUPT %JSFDDJÎO 1BCMP 4FHBSSB %JTFÌP %BWJE 7FMBTDP $PPSEJOBDJÎO 7FSÎOJDB 7JDFOUF $PMBCPSBDJÎO .BSÈB .¼SRVF[ 3BJ 7JMMBMCB %BWJE 3PKP 1FESP 6OBNVOP +PTF OHFM (PO[¼MF[ 1BVMB "SFOBT Z +VMJ "NBEFV $PMBCPSBDJÎO &TQFDJBM +PTÄ .BOVFM -VDÈB .BRVFUBDJÎO )FOBS EF 1FESP 3BGBFM .BHBÌB .BOVFM 7JMMB Z (PO[BMP $IBDÎO &%*5" .*/6504 &%*503" 4 - 1VCMJDJEBE )PSUFOTJB 'VFOUFT %JSFDUPSB (FOFSBM Z (BCSJFM (PO[¼MF[ %JSFDUPS EF .BESJE 0QFSBDJPOFT )ÄDUPS .BSÈB #FOJUP 1SPEVDDJÎO Z -PHÈTUJDB 4BOESB .PSFOP .BSLFUJOH "MGPOTP 1ÄSF[ 5* +VBOKP "MPOTP "ENJOJTUSBDJÎO -VJT 0ÌBUF *NQSJNF 3PUPDBZGP *NQSFTJB *CÄSJDB NJOVUPT $POEFTB EF 7FOBEJUP .BESJE 5FMÄGPOP %FQÎTJUP -FHBM .

*.13&40 &/ 1"1&- 3&$*$-"%0


àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

/05"4 #*0(3©'*$"4

&M IPNCSF .*(6&- %& $&37"/5&4

5FYUP +PTÍ .BOVFM -VDÑB .FHÑBT

BUVSBM EF "MDBMÆ EF )FOBSFT .BESJE 5P MFEP 4FWJMMB $ÖSEPCB $POTVFHSB P "MDÆ[BS EF 4BO +VBO GVFSPO BMHVOBT EF MBT MPDBMJEBEFT RVF MPT QSJNFSPT CJÖHSBGPT EF $FSWBOUFT BMMÆ QPS FM MFKBOP TJHMP 97*** EFGFOEJFSPO RVF FSB FM MV HBS EPOEF IBCÑB OBDJEP .JHVFM EF $FSWBO UFT -B GBMUB EF QSVFCBT EPDVNFOUBMFT MB MFDUVSB TFTHBEB EF SFGF SFODJBT MJUFSBSJBT P MB BQBSJDJÖO EF GBMTBT QBSUJEBT EF CBVUJTNP EVSBOUF FTPT BÕPT QFSNJUJFSPO RVF TF DSFBSB FTUB GJDDJÖO FO MB CJPHSBGÑB DFSWBOUJOB 5PEP UFSNJOÖ B NFEJBEPT EFM TJHMP 97*** DVBO EP TF EFTDVCSJÖ MB WFSEBEFSB QBSUJEB EF .JHVFM EF $FSWBOUFT FO FM MJCSP EF CBVUJTNPT EF MB JHMFTJB EF 4BOUB .BSÑB MB .BZPS EF "MDBMÆ EF )FOBSFT BTÑ DPNP MB EF TVT IFSNBOPT "OESÍT "OESFB Z -VJTB &M EFTDVCSJNJFOUP MP SFBMJ[Ö 4BOUJBHP (ÖNF[ 'BMDÖO BCBE EF MB *HMF TJB .BHJTUSBM EVSBOUF MPT NFTFT EF KVOJP Z KVMJP EF &M EF KV MJP EF FTF BÕP MF FOWÑB MB USBOTDSJQDJÖO B .BOVFM .BSUÑOF[ 1JO HBSSÖO RVJFO TF MP DPNVOJDB B .BZBOT Z 4JTDBS FM QSJNFS CJÖHSBGP EF $FSWBOUFT -BT EJTQVUBT FOHBÕPT Z EVEBT EF FTPT BÕPT MBT [BO KBSPO MPT CJÖHSBGPT EFM TJHMP 97*** 7JDFOUF EF MPT 3ÑPT Z +VBO "OUP OJP 1FMMJDFS Z EFM TJHMP 9*9 DPO 'FSOÆOEF[ EF /BWBSSFUF B MB DBCF [B .JHVFM EF $FSWBOUFT FSB OBUVSBM EF "MDBMÆ EF )FOBSFT EPOEF GVF CBVUJ[BEP VO EF PDUVCSF EF &M IFDIP EF RVF FM EF TFQ UJFNCSF TF DFMFCSF MB GFTUJWJEBE EF 4BO .JHVFM "SDÆOHFM IB MMFWBEP B EFGFOEFS RVF FTUF QPEÑB TFS FM EÑB FYBDUP FO RVF OBDJÖ $FSWBOUFT .JHVFM EF $FSWBOUFT UBO TPMP WJWJÖ TVT QSJNFSPT BÕPT FO "M DBMÆ EF )FOBSFT &O MP FODPOUSBNPT DPO TV GBNJMJB FO .BESJE EPOEF FTUVEJB DPO FM DBUFESÆUJDP +VBO -ÖQF[ EF )PZPT QSPCB CMFNFOUF BOUFT FO TV FTDVFMB QSJWBEB RVF OP FO FM &TUVEJP (F OFSBM EF MB 7JMMB {4VT QSFUFOTJPOFT 4FHVSBNFOUF FOUSBS B TFSWJS DPNP TFDSFUBSJP EF BMHVOB DBTB OPCJMJBSJB P EF BMHÜO QFSTPOBKF

$FSWBOUFT Z TVT NPEFMPT PCSB EF ©OHFM -J[DBOP .POFEFSP ¹MFP TPCSF MJFO[P ¦ DN .64&0 /"$*0/"- %&- 13"%0 %&104*5"%0 &/ &- ":6/5".*&/50 %& "-$"-© %& )&/"3&4 ."%3*%


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % % 0 0 4 4 0 0 # # 3 3 & & $ $ & & 3 3 7 7 " " / / 5 5 & & 4 4 5 0


àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

.VDIPT SPTUSPT OJOHVOP PGJDJBM -B IJTUPSJB OPT IB EFKBEP EJWFSTPT SFUSBUPT EF $FSWBOUFT VOP EF MPT NÆT DPOPDJEPT TF BUSJCVZF B +VBO EF +ÆVSFHVJ 1FSP OJOHVOP FT VOB SFQSFTFOUBDJÖO SFBM IFDIB FO WJEB BM BVUPS EFM 2VJKPUF 5PEPT TF CBTBO FO MB EFTDSJQDJÖO EF TÑ NJTNP RVF FTDSJCJÖ FO FM QSÖMPHP EF TVT /PWFMBT FKFNQMBSFT

3FUSBUP EF .JHVFM EF $FSWBOUFT 4BBWFESB RVF TF BUSJCVZF B +VBO EF +ÆVSFHVJ Z RVF TF FODVFOUSB FO MB 3FBM "DBEFNJB &TQBÕPMB FO .BESJE #/&

NVZ WJODVMBEP B MB DPSUF DPNP FM DBSEFOBM UVCSF EF FO FM HPMGP EF -FQBOUP MB DBÑ &TQJOPTB : BTÑ QBSFDF EFNPTUSBSMP FM UJQP EF MFUSB RVF EPNJOB Z RVF TF BQSFDJB FO MPT BVUÖHSBGPT RVF IFNPT DPOTFSWBEP MB CBTUBSEB DBOÖOJDB MFUSB QSPQJB EF FTDSJ CBOPT RVF MFT QFSNJUJSÑB BDDFEFS B VO QVFT UP WJODVMBEP B MB BENJOJTUSBDJÖO P BM DPN QMFKP FOUSBNBEP DPSUFTBOP &O .JHVFM EF $FSWBOUFT TFHÜO MP JOEJDBEP FO MPT QSF MJNJOBSFT EF -B (BMBUFB Z FO EPDV NFOUPT EF MB ÍQPDB TF FODVFOUSB FO 3PNB 0QPSUVOJEBE RVF MF QFSNJUJSÆ QBSUJDJQBS FO MB CBUBMMB EF -FQBOUP $PNFO[BS B

DPOTUSVJSTF VOB OVFWB WJEB VO OVFWP GVUVSP DPNP TPMEBEP $FSWBOUFT TPMEBEP -B CBUBMMB EF -FQBO UP MB RVF $FSWBOUFT WJWJÖ B MPT BÕPT TJFOEP VO TPMEBEP CJTPÕP FT EFDJS JOFY QFSUP B MB RVF B MP MBSHP EF TV WJEB SFJ WJOEJDÖ DPNP jMB NÆT BMUB PDBTJÖO RVF WJF SPO MPT TJHMPT QBTBEPT MPT QSFTFOUFT OJ FT QFSBO WFS MPT WFOJEFSPTx TJFOEP MB ÜOJDB CBUBMMB WJDUPSJPTB FO MB RVF QBSUJDJQÖ FT FO SFBMJEBE VOB EF MBT NÆT DSVFOUBT F JOÜUJMFT CBUBMMBT EF MB IJTUPSJB -BT DJGSBT JNQPOFO NÆT EF WÑDUJNBT FOUSF NVFSUPT Z IFSJEPT FO UBO TPMP TFJT IPSBT EF FOGSFOUBNJFOUP &T EJGÑDJM JNBHJOBS Z NVDIP NFOPT FT DSJCJS MP RVF TVDFEJÖ BRVFM EPNJOHP EF PD

EB EFM BMB EFSFDIB EF MPT UVSDPT P FM DPN CBUF NÆT FRVJMJCSBEP FO MB QBSUF DFOUSBM EFT QVÍT EF RVF FM FTQPMÖO EF MB 4VMUBOB TF DMB WBSB FO FM DFOUSP EF MB 3FBM RVF UFSNJOÖ DVBOEP VO BSDBCV[B[P BDBCÖ DPO MB WJEB EF "MÑ 1BDIÆ 1FSP BÜO RVFEBCB FM BMB J[ RVJFSEB EPOEF BÜO OP IBCÑB DPNFO[BEP FM DPNCBUF &M WJSSFZ EF "SHFM 6MVDI "MÑ TF MBO[Ö DPO UPEBT TVT GVFS[BT IVOEJFOEP WB SJBT HBMFSBT DSJTUJBOBT &SB FM BMB EF MBT OBWFT EF "OESFB %PSJB B MBT RVF TF IBCÑBO BÕB EJEP MBT EF ©MWBSP EF #B[ÆO &O MB HBMFSB MB .BSRVFTB MVDIÖ VO TPMEBEP QSJODJQJBOUF DP OPDJEP DPNP .JHVFM EF $FSWBOUFT " MBT DVBUSP EF MB UBSEF UPEP IBCÑB UFSNJ OBEP $FSWBOUFT QPDP BWF[BEP FO CBUBMMBT Z DPO GJFCSF TFHÜO DPOGJFTB ÍM NJTNP FTUB SÑB FO QSJODJQJP EFTUJOBEP B FOHSPTBS FM DPO KVOUP EF TPMEBEPT RVF DPOTUJUVÑBO FM jTP DPSSPx FM RVF FTUBCB EFTUJOBEP B RVFEBSTF FO MB SFUBHVBSEJB FTQFSBOEP B TFS DPOWPDB EPT TJ FM DPOGMJDUP MP SFRVFSÑB "M OP RVFSFS NBOUFOFSTF FO FTUB QPTJDJÖO UBO QPDP WFO UBKPTB TV DBQJUÆO MF FOWÑB B PUSB EF EFGFO TB NÆT BDPSEF DPO TV FTUBEP GFCSJM Z FTDBTB FYQFSJFODJB &M FTRVJGF QBSUF RVF TF MFWBO UBCB FO FM DFOUSP QFSNJUÑB BUBDBS EFTEF VOB QPTJDJÖO QSJWJMFHJBEB B MBT OBWFT FOFNJ HBT "MMÑ TF EBCBO DJUB MPT BSDBCVDFSPT NÆT FYQFSJNFOUBEPT B MPT RVF EFGFOEÑB VO HSV QP WBSJBCMF EF TPMEBEPT CJTPÕPT MBO[BOEP QJÕBT JODFOEJBSJBT &O MB MJUFSBUVSB RVF GVF MMFOBOEP EF WFSTPT Z EF SFMBUPT IFSPJDPT FM SFDVFSEP EF MB CBUB MMB EF -FQBOUP TF NF[DMBO EBUPT EF BMHVOPT EF TVT QSPUBHPOJTUBT DPO MB WJTJÖO QSPQB HBOEÑTUJDB DPO RVF TVQJFSPO MPT FTDSJUPSFT JS DPOTUSVZFOEP VO NJUP VOB WJDUPSJB TJO JHVBM %F FTUF NPEP BM NBSHFO EF MPT UFTUJNPOJPT QSPQBHBOEÑTUJDPT F JOUFSFTBEPT EF MPT BNJHPT DFSWBOUJOPT IFNPT EF EFEVDJS RVF FM DBQJ UÆO 'SBODJTDP EF 4BO 1FESP MF PSEFOBSB B .JHVFM EF $FSWBOUFT QBTBS EFM jTPDPSSPx CBKP MB DVCJFSUB EF MB HBMFSB BM FTRVJGF EPO EF FTUBSÑB EFGFOEJFOEP MB jCBUBMMBx DPO QJÕBT JODFOEJBSJBT DPO PUSPT DPNQBÕFSPT 6OP NÆT FOUSF FMMPT 6OP NÆT EF MPT IFSJEPT SFDJCJFOEP USFT BSDBCV[B[PT 6OP EF MPT QP DPT RVF TF MJCSBSPO EF MB NVFSUF FO MB CBUB MMB EF -FQBOUP 6OP EF UBOUPT RVF FTUVWJFSPO FO FM IPTQJUBM EF .FTTJOB VOP EF MPT TPMEBEPT RVF SFDJCJFSPO QPS PSEFO EF +VBO EF "VTUSJB VOB BZVEB QBSB MPT RVF jIBCÑBO RVFEBEP IFSJEPT OFDFTJUBEPT P NBMUSBUB EPTx TFHÜO PSEFO EFM EF FOFSP EF " MB IPSB EF WBMPSBS MB QBSUJDJQBDJÖO EF .JHVFM EF $FSWBOUFT FO MB CBUBMMB EF -FQBO UP OP IFNPT EF PMWJEBS RVF FSB VO DPN CBUJFOUF QSJNFSJ[P FOUSF MPT NÆT EF TPMEBEPT RVF FO FMMB QBSUJDJQBSPO -BT CJP HSBGÑBT DFSWBOUJOBT B QBSUJS EFM TJHMP 97*** oZ MBT NJUJGJDBDJPOFT EFM TJHMP 9*9o ZB TF FODBS HBSPO EF TJUVBSMP FO FM DFOUSP EF VOB CBUB MMB RVF ÍM WJWJÖ FO MPT NÆSHFOFT 1PS NÆT RVF TF IBZB FTDSJUP MP DPOUSB SJP MB CBUBMMB EF -FQBOUP FT FO SFBMJEBE FM QSJODJQJP EF MB DBSSFSB NJMJUBS EF $FSWBOUFT RVF QFSNBOFDJÖ FO MPT UFSDJPT FTQBÕPMFT EV SBOUF NÆT EF USFT BÕPT MMFHBOEP B TFS OPN



àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

CSBEP BMGÍSF[ -BT IFSJEBT EF BSDBCV[ FTDSJUBT QPS FM QSPQJP $FSWBOUFT 6OB EF USBÑEBT DPO MPT USJOJUBSJPT 4PO UJFNQPT EF QFTF B RVF MF EFKBSPO JOVUJMJ[BEP FM CSB[P J[RVJFSEP TPO NVFTUSBT EF TV WBMFOUÑB BO UFT RVF MB SB[ÖO EF MB JNQPTJCJMJEBE EF TF HVJS BWBO[BOEP FO MB DBSSFSB NJMJUBS &O TFQUJFNCSF EF .JHVFM EF $FS WBOUFT TF FNCBSDB FO /ÆQPMFT KVOUP DPO TV IFSNBOP 3PESJHP FO MB HBMFSB FM 4PM SVNCP B &TQBÕB &O TVT NBOPT MMFWB MB MJDFODJB EF BVTFODJB GJSNBEB QPS +VBO EF "VTUSJB Z TV IPKB EF TFSWJDJPT GJSNBEB QPS FM EVRVF EF 4FTTB {4VT QSFUFOTJPOFT B MB MMFHBEB B MB DPSUF -BT EF UBOUPT BMGÍSFDFT EF TV UJFNQP TPMJDJUBS VOB QBUFOUF EF DBQJUÆO QBSB BTÑ QP EFS BDDFEFS BM NÆT BMUP QVFTUP BM RVF QPESÑB BTQJSBS EFOUSP EF MB WJEB TPMEBEFTDB 6OB QBUFOUF EF DBQJUÆO RVF EF DPOTFHVJSMB MF QFSNJUJFSB WPMWFS B *UBMJB BM NBOEP EF TV QSPQJP UFSDJP 1FSP UPEP DBNCJÖ FM EF TFQ UJFNCSF EF DVBOEP MB HBMFSB FM 4PM GVF BCPSEBEB QPS MPT DPSTBSJPT BSHFMJOPT GSFOUF B MBT DPTUBT DBUBMBOBT .JHVFM EF $FSWBOUFT DBVUJWP FO "SHFM $PNJFO[B FM EF TFQUJFNCSF EF VOB OVFWB FUBQB FO MB WJEB EF .JHVFM EF $FS WBOUFT 6OB FUBQB JOFTQFSBEB 6OB FUBQB MMFOB EF JODFSUJEVNCSFT Z RVF DPO FM UJFN QP TFSÆ MB NÆT DSVDJBM MB RVF NÆT IPOEB IVFMMB EFKÖ FO TV WJEB MB RVF MF BDPNQB ÕBSÆ FO TVT FTDSJUPT 4J $FSWBOUFT TF BCSJÖ B MB MJUFSBUVSB FO *UBMJB FO "SHFM MP IBSÆ B MB WJEB 4JO MVHBS B EVEBT TV WJEB Z TV PCSB FTUÆO BNCBT JOGMVJEBT EF VOB V PUSB NB OFSB QPS TV DBVUJWFSJP BSHFMJOP " .JHVFM EF $FSWBOUFT DPNP TF TBCF TF MF JODMVZÖ FO FM HSVQP EF jIPNCSFT HSBWFTx QPS MP RVF TF QFEJSÆ QPS ÍM MP FT UJQVMBEP FO FTUPT DBTPT EVDBEPT EF &TQBÕB EPT LJMPT FO PSP 1PS TV IFS NBOP TF QBHBSÆ FO VO SFTDBUF EF EVDBEPT {%F EÖOEF QSPDFEFO MBT OPUJDJBT UBO EFUBMMBEBT RVF UFOFNPT EF MB FTUBODJB EF $FSWBOUFT FO "SHFM TJ OP FT NÆT RVF VOP EF MPT NJMFT EF DBVUJWPT RVF BMMÑ TF EBCBO DJUB {$ÖNP FT QPTJCMF QSFDJTBS DVÆOEP Z DPO RVJÍO JOUFOUÖ MPT DVBUSP JOUFOUPT EF GVHB Z FM DPNQPSUBNJFOUP IFSPJDP RVF $FSWBOUFT EFNPTUSÖ BOUF MBT BV UPSJEBEFT BSHFMJOBT DVBOEP UPEPT UFSNJ OBSPO FO FTUSFQJUPTPT GSBDBTPT -B GVFOUF QBSB DPOPDFS FTUPT EFUBMMFT CJPHSÆGJDPT TFSÆ VOP EF MPT EPDVNFOUPT RVF JODPSQPSB .JHVFM EF $FSWBOUFT B TV QFUJDJÖO EF QBSB DVCSJS VOP EF MPT DVBUSP QVFTUPT RVF IBO RVFEBEP WBDBOUFT FO "NÍSJDB MB *OGPSNBDJÖO EF "SHFM &O TVT QÆHJOBT TF QSPZFDUB VO .JHVFM EF $FS WBOUFT JEFBM oMB IPKB EF TFSWJDJPT RVF TF FOUSFHB BM $POTFKP EF MBT *OEJBTo BOUFT RVF FM EFTFP EF TFS NFNPSJB EF VO .JHVFM EF $FSWBOUFT SFBM EF DBSOF Z IVFTP &M QFSTP OBKF USJVOGB TPCSF MB QFSTPOB &M QFSTP OBKF RVF QPOF MBT CBTFT EFM NJUP Z RVF SFDPHFO CVFOB QBSUF EF MBT CJPHSBGÑBT DP OPDJEBT DPNP TJ SFBMNFOUF OPT FODPO USÆSBNPT BOUF EBUPT IJTUÖSJDPT /P IFNPT EF PMWJEBS RVF TFHVSBNFOUF MBT QSFHVO UBT EF MBT RVF DPOTUB FM EPDVNFOUP GVFSPO

jNFSDFEFTx QFSP UBNCJÍO EF FTDSJUVSB &OUSF MB FTDSJUVSB Z MB QFUJDJÖO EF NFSDFE " QBSUJS EF $FSWBOUFT FOUSB EF MMFOP FO MB DPSUF EF MB .POBSRVÑB )JTQÆOJDB &M BMGÍSF[ DBVUJWP .JHVFM EF $FSWBOUFT RVF MMF HB B .BESJE RVF TF BDFSDB B -JTCPB FO TJ HVJFOEP MBT IVFMMBT EF 'FMJQF ** Z MBT EF TVT JO GMVZFOUFT TFDSFUBSJPT EFNBOEB VOB jNFS DFEx FO QBHP B TVT TFSWJDJPT QSFTUBEPT UBOUP FO *UBMJB DPNP FO "SHFM P QPS FM .FEJUFSSÆOFP DPNP FTQÑB :B OP QSFUFOEF VOB jQBUFOUF EF DBQJUÆOx DPNP FO TJOP VOP EF MPT QVFTUPT WBDBOUFT FO "NÍSJDB "TÑ TF MP FT DSJCF B "OUPOJP EF &SBTP FO Z BTÑ MP WVFM WF B TPMJDJUBS oTJO NVDIP ÍYJUPo FO BM $POTFKP EF *OEJBT DPODSFUBOEP MPT QVFTUPT WBDBOUFT B MPT RVF BTQJSB MB DPOUBEVSÑB EFM /VFWP 3FJOP EF (SBOBEB MB HPCFSOBDJÖO EF 4PDPOVTDP (VBUFNBMB MB DPOUBEVSÑB EF MBT HBMFSBT EF $BSUBHFOB EF *OEJBT $PMPN CJB P FM DPSSFHJNJFOUP FO -B 1B[ (VBUFNB MB j#VTRVF QPS BDÆ FO RVF TF MF IBHB NFS DFEx $PO FTUB FTDVFUB SFTQVFTUB FM $POTF KP EF *OEJBT JOTUB B $FSWBOUFT B RVF CVTRVF QPS &TQBÕB VO QVFTUP EF USBCBKP WBDBOUF QBSB DPODFEFSMF MB UBO SFRVFSJEB NFSDFE Z RVF TF PMWJEF QBSB TJFNQSF EF MPT QVFTUPT WBDBOUFT FO "NÍSJDB "TÑ TFSÆ FM GJOBM EFM jTVFÕP BNFSJDBOPx EFM MJUFSBUP %FTEF MB QSJNBWFSB EF .JHVFM EF $FSWBOUFT FT DPNJTBSJP EFM SFZ RVF OF $FSWBOUFT QBSUJDJQÖ IBTUB FO DFTJUB EF OVFWPT GVODJPOBSJPT SFBMFT QBSB MB DVBUSP JOUFOUPT EF GVHB EF MB QSFQBSBDJÖO EF MB "SNBEB DPOUSB *OHMBUF SSB : TFSÆ FO FTUPT QVFTUPT WBDBO DÆSDFM EF "SHFM UPEPT DPO VO UFT BOEBMVDFT FO MPT RVF $FSWBOUFT FODPO QBUSÖO EF BDUVBDJÖO TJNJMBS USBSÆ TV jNFSDFEx EF DPNJTBSJP EF BCBTUPT QBTBSÆ B TFS DPCSBEPS EF JNQVFTUPT EFT EF F JODMVTP jKVF[ FKFDVUPS EF 4V .B HFM EPOEF FTUÆ FTDSJUB MB JOGPSNBDJÖO KFTUBEx RVF TF EFEJDBCB BM DPCSP EF MPT CJFO QVFEFO FTUBS JOEJDBOEP RVF .JHVFM JNQVFTUPT BUSBTBEPT 4J FM USBCBKP OP FSB EF $FSWBOUFT FO "SHFM UFOÑB FM PGJDJP EF FM NÆT EFTFBEP oQPEFNPT JNBHJOBSo FM QBTTFVS FT EFDJS GBDJMJUBCB GVHBT B QFS TVFMEP OP FTUBCB NBM QVFT DPNP KVF[ FKF TPOBT OPCMFT 6O TFSWJDJP RVF DPCSBSÑB DVUPS QPEÑB MMFHBS B DPCSBS NBSBWFEÑT FO FM NPNFOUP EF TV ÍYJUP Z RVF MF QFSNJ QPS EÑB VOPT FVSPT BM NFT QBSB IB UJSÑB DPOTFHVJS MPT EVDBEPT OFDFTBSJPT QB DFSOPT VOB JEFB 4JO DPOUBS EJFUBT &TUF TFSÆ FM DBNJOP EF TV TVQFSWJWFODJB SB TV MJCFSBDJÖO Z MB EF TV IFSNBOP FTPT EVDBEPT RVF TV GBNJMJB OP QPESÑB FO : UBNCJÍO FM DBNJOP QBSB DPNFO[BS B GPSNBS VOB GBNJMJB &O EJDJFNCSF EF TF DBTB DPO OJOHÜO DBTP SFVOJS .ÆT BMMÆ EF MBT IJQÖUFTJT MP DJFSUP FT RVF $BUBMJOB 1BMBDJPT VOB KPWFO UPMFEBOB EF FO TFQUJFNCSF EF .JHVFM EF $FSWBO UBO TPMP BÕPT OBUVSBM EF &TRVJWJBT &TF NJT UFT FT SFTDBUBEP QPS MPT QBESFT USJOJUBSJPT Z NP BÕP GSVUP EF TVT BNPSÑPT DPO "OB 'SBO FO PDUVCSF EF FTF BÕP MMFHB B UJFSSBT WBMFO DB OBDFSÆ TV ÜOJDB IJKB *TBCFM %FTEF TV WVFM DJBOBT 5PDBSÆ UJFSSB FTQBÕPMB FO %FOJB $FS UB B .BESJE .JHVFM EF $FSWBOUFT OP IB EF WBOUFT EFKB "SHFM TJFOEP PUSP "IPSB DPO KBEP EF GSFDVFOUBS MPT DÑSDVMPT MJUFSBSJPT EFM BÕPT FT BMHP NÆT RVF VO BMGÍSF[ RVF NBS NPNFOUP DVZPT QSPUBHPOJTUBT WFSÆO TVT DIBCB B MB DPSUF FO CVTDB EF VOB QBUFOUF OPNCSFT FTDSJUPT FO MB GÆCVMB QPÍUJDB 7JBKF EF DBQJUÆO RVF MF QFSNJUJFSB DPOUJOVBS TV DB EFM 1BSOBTP RVF QVCMJDBSÆ BÕPT EFTQVÍT SSFSB EF TPMEBEP "MHP IB RVFEBEP FO "S Z DVZBT PCSBT TF JNQSJNJSÆO DPO QPF HFM Z TFHVSBNFOUF NVDIP TF MMFWB EF BMMÑ NBT MBVEBUPSJPT FTDSJUPT QPS $FSWBOUFT $FSWBOUFT MMFHB B .BESJE FO DPO FM %VSBOUF FTUPT BÕPT EF BOUFTBMBT Z EF FT EFTFP EF SFFODPOUSBSTF DPO TV GBNJMJB DPO DSJUPT PGJDJBMFT EF QFUJDJPOFT Z EF QVFSUBT MPT TVFÕPT EF VO QVFTUP FO MB DPSUF EF 'F DFSSBEBT UBNCJÍO EFEJDBSÆ TV UJFNQP B MB MJQF ** DPO BMHVOPT WFSTPT Z TVFÕPT EF FTDSJUVSB EF -B (BMBUFB &M EF KVOJP EF PUSPT UBOUPT RVF RVJFSF FTDSJCJS DPO BMHV MF WFOEF BM MJCSFSP #MBT EF 3PCMFT FM QSJ OPT GBWPSFT RVF QJFOTB DPCSBS FOUSF MPT IJ WJMFHJP EF JNQSFTJÖO EF MB PCSB GFDIBEP KPT EF BMHVOPT EF MPT BQFMMJEPT NÆT JOGMV FM EF GFCSFSP EF FTF NJTNP BÕP QPS ZFOUFT B MPT RVF UBOUP BZVEÖ EVSBOUF TV SFBMFT &TUF FT FM ÜOJDP EJOFSP RVF SFDJCJSÆ DBVUJWFSJP Z DPO EFVEBT FTBT EFVEBT DPO $FSWBOUFT QPS TV PCSB 1FSP OP TPMP FO FT TVT QSJNFSBT PCSBT EF GJDDJÖO %FTEF FTUB QFSTQFDUJWB oJOGPSNBDJÖO QB SB KVTUJGJDBS MPT TFSWJDJPT QSFTUBEPT FO "SHFM Z QBSB TBMJS BM QBTP EF MB EJGBNBDJÖO EF QP TJCMFT FOFNJHPT EF $FSWBOUFTo EFCFNPT BDFSDBSOPT B MPT EBUPT RVF TF EFUBMMBO TPCSF TVT JOUFOUPT EF GVHB RVF DPNQBSUFO UPEPT FMMPT VO NJTNP QBUSÖO EF BDUVBDJÖO OVODB TPO JOUFOUPT QFSTPOBMFT TJFNQSF $FSWBOUFT MPT PSHBOJ[B QBSB BZVEBS B QFSTPOBKFT JOGMV ZFOUFT Z FO UPEP FMMPT .JHVFM UFSNJOB QPS BENJUJS TFS FM ÜOJDP SFTQPOTBCMF )BTUB FO DVBUSP PDBTJPOFT oTFHÜO MB *OGPSNBDJÖO EF "SHFMo MP WB B JOUFOUBS )BTUB FO DVBUSP PDBTJPOFT WB B GSBDBTBS Z FO MBT DVBUSP TVGSF DBTUJHPT NFOPSFT DVBOEP TVT BNJHPT FT QFSBCBO RVF QFSEJFTF FO FTUPT DBTPT MB WJEB 1FSP OJOHÜO jDBVUJWP EF SFTDBUFx OJOHÜO jIPNCSF HSBWFx TVGSF MPT DBTUJHPT GÑTJDPT DB TJ TÆEJDPT DVBOEP GSBDBTB VO JOUFOUP EF GVHB DBTUJHPT FKFNQMBSFT RVF TF DFCBO FO MPT DVFSQPT EF MPT DBVUJWPT NÆT QPCSFT %F FTUF NPEP MB BSHVDJB EF .JHVFM EF TFS EF DMBSBEP jIPNCSF HSBWFx MF QFSNJUF BDFSDBS TF B QFSTPOBT B MBT RVF QPESÑB BZVEBS FO TVT JOUFOUPT EF GVHB Z UBNCJÍO DPOUBS DPO VOB DJFSUB QSPUFDDJÖO {2VÍ OPT TVHJFSF FM QBUSÖO EF BDUVBDJÖO EF $FSWBOUFT FO "SHFM 2VF MPT JOUFOUPT EF GVHB MPT DVBUSP RVF GVFSPO EF DMBSBEPT GBMMJEPT Z PUSPT RVF RVJ[ÆT TÑ RVF UV WJFSPO ÍYJUP QFSP RVF OP TF FYQMJDJUBO FO "S



àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

UF MJCSP EF QBTUPSFT RVF WJP MB MV[ FO FO

$FSWBOUFT FTDSJCJFOEP MB EFEJDBUPSJB EF TV PCSB BM DPOEF EF -FNPT DVBESP EF .VÕP[ %FHSBÑO "CBKP B MB J[RVJFS EB FM SFUSBUP EF $FSWBOUFT EF -VJT EF .BESB[P Z B MB EFSFDIB VOB GPUPHSBGÑB EF VO TVQVFTUP .JHVFM EF $FSWBOUFT SFBMJ[BEB B GJOBMFT EFM TJHMP 9*9 Z RVF RVJFSF TFS VOB JNBHFO EFM $FSWBOUFT QFSTPOBKF FM $FSWBOUFT NJUP ¨ +04° ."/6&- -6$´" .&(´"4 A-" +67&/56% %& $&37"/5&4 &%"' #*#-*05&$" /"$*0/"-

"MDBMÆ EF )FOBSFT QVTP $FSWBOUFT TVT FT QFSBO[BT TJOP UBNCJÍO FO FM UFBUSP &OUSF Z FM QSPQJP BVUPS DPNQMVUFOTF DPOGJFTB RVF DPNQVTP NÆT EF P DP NFEJBT DPO VO DJFSUP ÍYJUP FO TVT SFQSFTFO UBDJPOFT j2VF UPEBT FMMBT TF SFDJUBSPO TJO RVF TF MFT PGSFDJFTF PGSFOEB EF QFQJOPT OJ EF PUSB DPTB BSSPKBEJ[B DPSSJFSPO TV DB SSFSB TJO TJMCPT HSJUBT OJ CBSBIÜOEBTx $P NP TVDFEJFSB DPO MB JNQSFOUB UBNQPDP FO FM UFBUSP FM FTDSJUPS FT FM EVFÕP EFM UFYUP TJOP FM jBVUPS EF DPNFEJBTx FM FNQSFTB SJP RVF JOWFSUÑB TV EJOFSP FO MB SFQSFTFO UBDJÖO EF MBT NJTNBT /BEB TBCFNPT EF OVFTUSP BVUPS OBEB NÆT RVF BMHVOBT DPOKFUVSBT EFTEF FM WFSBOP EF DVBOEP TF EFTQJEF EF 4FWJMMB IBTUB FM WFSBOP EF ZB JOTUBMBEP FO 7BMMBEPMJE EPOEF TF FODVFOUSB FO FTPT NPNFOUPT MB DPS UF &TUF ÜMUJNP TFSÆ VOP EF MPT BÕPT NÆT JN QPSUBOUFT EF MB WJEB EF $FSWBOUFT ZB RVF FO TV /BWJEBE TF MFZFSPO MPT QSJNFSPT FKFN QMBSFT EF &M JOHFOJPTP IJEBMHP EPO 2VJYPUF EF MB .BODIB DPO VO HSBO ÍYJUP &O MBT SFFEJDJPOFT TF TVDFEFO BMHVOBT EF FMMBT JMFHBMFT Z OP TPMP TF JNQSJNF FO .BESJE TJOP UBNCJÍO FO -JTCPB P FO 7BMFODJB Z MPT FKFNQMBSFT TF FNCBSDBO EFTEF 4FWJMMB DPO EFTUJOP B 1FSÜy Z FO MBT GJFTUBT TJFNQSF BQB SFDFO QFSTPOBKFT RVF SFQSFTFOUBO B EPO 2VJ KPUF Z 4BODIP DPNP MB RVF TF DFMFCSB FO 7B MMBEPMJE FM EF KVOJP EF QBSB DFMFCSBS FM OBDJNJFOUP EFM GVUVSP 'FMJQF *7 (SBDJBT B VO JODJEFOUF B MBT QVFSUBT EF TV DBTB MB OPDIF EFM EF KVOJP FM BTFTJOBUP EFM (BTQBS EF &[QFMFUB DPOPDFNPT MBT DPT UVNCSFT EF $FSWBOUFT Z EF TV GBNJMJB MBT DPOPDJEBT DPNP MBT $FSWBOUBT RVF OP TPO PUSBT RVF TVT IFSNBOBT F IJKB RVF WJWFO DPO ÍM Z TV FTQPTB $BUBMJOB FO 7BMMBEPMJE j&O USBO EF OPDIF Z EF EÑB BMHVOPT DBCBMMFSPT < > EF RVF FO FMMP IBZ FTDÆOEBMP Z NVSNVSB DJÖO Z FTQFDJBMNFOUF FOUSF VO 4JNÖO .ÍO EF[ QPSUVHVÍT RVF FT QÜCMJDP Z OPUPSJP RVF FTUÆ BNBODFCBEP DPO EPÕB *TBCFM IJKB EFM EJ DIP .JHVFM EF $FSWBOUFTx 4V IFSNBOB "O ESFB BM QSFHVOUBSMF TPCSF FM PGJDJP EF TV IFS NBOP SFTQPOEF FTDVFUBNFOUF j6O IPNCSF RVF FTDSJCF F USBUB OFHPDJPTx Z RVF jQPS TV CVFOB IBCJMJEBE UJFOF BNJHPTx RVF OP TPO PUSPT RVF IPNCSFT EF OFHPDJPT EF EVEPTB SFTQFUBCJMJEBE -B GBNJMJB $FSWBOUFT OP TF RVFEBSÆ NVDIP UJFNQP FO 7BMMBEPMJE FM EF FOFSP EF TF BOVODJB PGJDJBMNFOUF FM DBNCJP EF MB DPSUF B .BESJE Z BMMÑ FODPO USBSFNPT B $FSWBOUFT Z B TV GBNJMJB FO MPT ÜMUJNPT BÕPT EF TV WJEB $PO DBTJ BÕPT $FSWBOUFT WVFMWF B .B ESJE B MB RVF GVF TV DJVEBE EF KVWFOUVE B MB DJVEBE EF TVT QSJNFSPT FTUVEJPT MB RVF MF EFTDVCSJÖ DPNP FTDSJUPS EFTQVÍT EFM DBV UJWFSJP EF "SHFM 7VFMWF B MB DBQJUBM DPO UP EB TV GBNJMJB RVF TF SFEVDF EF NBOFSB EPMP SPTB FO MPT BÕPT TJHVJFOUFT FO NVFSF "OESFB Z EPT BÕPT EFTQVÍT .BHEBMFOB 4V IJKB *TBCFM DBTBEB DPO %JFHP 4BO[ EF ©HVJMB TF IBCÑB EJTUBODJBEP Z FO MB DBTB UFS NJOBSPO QPS RVFEBS TPMP $BUBMJOB Z VOB TP CSJOB $POTUBO[B IJKB EF "OESFB $FSWBO



ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

UFT TF JOTUBMÖ DFSDB EF MB DBMMF )VFSUBT WF DJOP EF -PQF EF 7FHB (ÖOHPSB 2VFWFEP Z UBOUPT PUSPT FTDSJUPSFT 4V MMFHBEB B MB DPSUF DPJODJEJSÆ DPO FM USJVOGP EFM 2VJKPUF GVFSB EF &TQBÕB FO TF QVCMJDB MB FEJDJÖO EF #SVTFMBT SFB MJ[BEB QPS 3PHFS 7FMQJVT Z VO BÕP EFTQVÍT 3PCMFT TBDBSÆ VOB OVFWB FEJDJÖO FO FM UBMMFS EF +VBO EF MB $VFTUB Z TPO UBN CJÍO MPT BÕPT EF MBT QSJNFSBT USBEVDDJP OFT JOHMÍT GSBODÍT y 4JO FN CBSHP FM FOPSNF ÍYJUP EFM MJCSP EFOUSP Z GVFSB EF &TQBÕB OP SFQFSDVUJSÆ FO VOB NFKPSB FDPOÖNJDB EF $FSWBOUFT ZB RVF FM QSJWJMFHJP EF JNQSFTJÖO MP IBCÑB WFOEJEP B 'SBODJTDP EF 3PCMFT TFHÜO DPTUVNCSF EF MB ÍQPDB 4PO UJFNQPT EF OVFWPT TVFÕPT Z EF SFOPWBEBT EFTJMVTJPOFT EFM EFTFP EF BDPNQBÕBS BM DPOEF EF -FNPT FO TV DPS UF MJUFSBSJB FO /ÆQPMFT TPO MPT BÕPT EF WPMDBSTF FO MB WJEB FO QBQFM .JHVFM EF $FSWBOUFT EFEJDBSÆ MPT ÜMUJNPT BÕPT EF TV WJEB B IBDFS MP RVF OP IBCÑB IF DIP OVODB BOUFT TPCSF UPEP EFT QVÍT EFM ÍYJUP FEJ %F BSSJCB BCBKP FM UPSJBM EFM QSJNFS SFUSBUP EF $FSWBO 2VJKPUF FO B UFT HSBCBEP QPS (Ö QVCMJDBS -B NBZPS NF[ 1PMP QVCMJDB QBSUF EF MBT PCSBT EP FO FM TJHMP 9*9 MB DFSWBOUJOBT WFSÆO PCSB EF #BSUPMPNÍ MB MV[ FO FTUPT EF .BVSB BÕPT PCSBT RVF ZB FM EJCVKP EFM UFOÑB FTDSJUBT P QJOUPS &EVBSEP NVZ BWBO[BEBT FO $BOP B QBSUJS EFM MPT BÕPT BOUFSJP TVQVFTUP SFUSBUP EF SFT MBT /PWFMBT $FSWBOUFT QJOUBEP FKFNQMBSFT QPS 'SBODJTDP EF 7JBKF EFM 1BSOBTP 1BDIFDP Z FM Z MBT 0DIP 3FUSBUP EF DPNFEJBT Z PDIP $FSWBOUFT QPS ÍM FOUSFNFTFT OVFWPT NJTNP RVF QJOUÖ OVODB SFQSFTFOUB 8JMMJBN ,FOU FO EPT P MB TF -POESFT FO HVOEB QBSUF EFM ¨ +04° ."/6&- -6$´" 2VJKPUF 4PO .&(´"4 A-" +67&/56% %& UBNCJÍO MPT BÕPT $&37"/5&4 &%"' EF JODBOTBCMF USB CBKP QBSB UFSNJOBS -PT USBCBKPT EF 1FSTJ MFT Z 4JHJTNVOEB VOB OPWFMB EFOUSP EFM HÍOFSP CJ[BOUJOP VOB PCSB EF BWFOUVSBT DVMUB QPS MB RVF $FSWBOUFT QFOTBCB FO USBS FO FM 1BSOBTP EF MBT MFUSBT DBTUFMMB OBT ZB RVF QBSB ÍM DPNP QBSB FM SFTUP EF TVT DPFUÆOFPT FM 2VJKPUF FT VO MJCSP DÖ NJDP NFOPS RVF QFSUFOFDF B VO HÍ OFSP EF FOUSFUFOJNJFOUP DPNP FT FM EF MPT MJCSPT EF DBCBMMFSÑBT 4FSÆO MPT FT DSJUPSFT Z MFDUPSFT JOHMFTFT EFM TJHMP 97*** MPT RVF DPNFO[BSÆO B WBMPSBS FM 2VJKPUF DPNP VOB TÆUJSB DPNP VOB HSBO OPWF MB EJHOB EF TFS JNJUBEB MB RVF QPOF MBT CBTFT EF MB OPWFMB NPEFSOB -PT ÜMUJNPT NPNFOUPT EF $FSWBOUFT )BTUB FM GJOBM EF TV WJEB IBTUB MPT ÜMUJNPT NP NFOUPT OP EFKÖ $FSWBOUFT EF FTDSJCJS %JGÑ DJM JNBHJOBS DÖNP MF UFNCMBSÑB MB QMVNB

NJFOUSBT SFEBDUBCB MB EFEJDBUPSJB BM DPOEF EF -FNPT RVF TF QVCMJDBSÆ VO BÕP EFTQVÍT FO FM 1FSTJMFT j"ZFS NF EJFSPO MB FYUSFNBVODJÖO Z IPZ FTDSJCP FTUB &M UJFNQP FT CSFWF MBT BOTJBT DSFDFO MBT FTQFSBO[BT NFOHVBO Z DPO UPEP FTUP MMFWP MB WJEB TPCSF FM EFTFP RVF UFO HP EF WJWJSyx -B FOGFSNFEBE RVF MF IBO EJBH OPTUJDBEP TF BQPEFSB EF TV DVFSQP QFSP UBN CJÍO MPT SFDVFSEPT Z MPT BÕPT 1FSP FM jEFTFP RVF UFOHP EF WJWJSx OP BDBCB &M EF BCSJM EF NVFSF .JHVFM EF $FS WBOUFT FO TV DBTB NBESJMFÕB EF MB DBMMF -FÖO FTRVJOB DPO MB DBMMF 'SBODPT IPZ DBMMF $FS WBOUFT $PO ÍM TF FODPOUSBCBO TV NVKFS $B UBMJOB 1BMBDJPT TV TPCSJOB $POTUBO[B MPT EVFÕPT EF MB DBTB MB GBNJMJB (BCSJFM .BSUÑ OF[ TV IJKP 'SBODJTDP DBQFMMÆO FO MB DFSDB OB JHMFTJB EF 4BO #BSUPMPNÍ FO FM DPOWFOUP EF MBT 5SJOJUBSJBT %FTDBM[BT Z WBSJPT IFSNB OPT EF MB 7FOFSBCMF 0SEFO 5FSDFSB EF 4BO 'SBODJTDP EF MB RVF $FSWBOUFT FSB IFSNB OP QSPGFTP EFTEF FM EF BCSJM EF 1PDP TBCFNPT EF TV FOUJFSSP BM EÑB TJ HVJFOUF "M TFS IFSNBOP QSPGFTP TV DVFSQP TFSÑB BNPSUBKBEP DPO FM TBZBM GSBODJTDBOP DPO FM SPTUSP Z VOB QBSUF EF MB QJFSOB EFSFDIB BM EFTDVCJFSUP &O TV DBTB MPT IFSNBOPT UFS DFSPT QPTUSBEPT EF SPEJMMBT SF[BSÑBO MBT PSBDJPOFT EFM 4BOUP 4VEBSJP Z FTUPT NJT NPT IFSNBOPT jEF IÆCJUP EFTDVCJFSUPx FO DPNJUJWB MMFWBSÑBO FM DVFSQP B MB JHMFTJB DFSDB OB EPOEF SFDJCJSÑB TFQVMUVSB FOUSF FM SF QJDBS EF DBNQBOBT 1PDPT TPO MPT RVF PZFSPO UBM TPOJEP MPT RVF TFSÑBO UFTUJHPT EF MB DP NJUJWB .BESJE BRVFM EF BCSJM FTUBCB WPMDB EB FO MB QSPDFTJÖO EF MB 4BOUÑTJNB 7JSHFO EF "UPDIB EFTEF FM DPOWFOUP EF 4BOUB .B SÑB IBTUB FM EF 4BOUP %PNJOHP FO SPHBUJWB QPS MB MMVWJB -B DJVEBE TF BIPHBCB QPS MB TFRVÑB $FSWBOUFT NVSJÖ FO FM BOPOJNBUP DP NP MB NBZPSÑB EF MPT IPNCSFT EF MPT 4JHMPT EF 0SP DPNP MB NBZPSÑB EF UPEPT OPTPUSPT FO MB BDUVBMJEBE .VSJÖ SPEFBEP EF TVT GBNJMJBSFT 1FSP FO TVT PCSBT IBCÑB EFKB EP JNQSFTP VO QFSTPOBKF RVF QPDP B QPDP GVF BTJNJMBOEP TV DBSB TV DVFSQP TVT SF DVFSEPT Z TVT WJWFODJBT DPNP TJ GVFSBO MBT EFM .JHVFM EF $FSWBOUFT IPNCSF 6O .J HVFM EF $FSWBOUFT QFSTPOBKF RVF TF FTDVM QF B TÑ NJTNP FO QBMBCSBT FO FM QSÖMPHP EF MBT /PWFMBT FKFNQMBSFT Z RVF FT MB CBTF QBSB MBT SFQSFTFOUBDJPOFT QJDUÖSJ DBT EFTEF FM HSBCBEP EF ,FOU BM JOJDJP EF MB CJPHSBGÑB DFSWBOUJOB EF .BZBOT Z 4JT DBS IBTUB OVFTUSPT EÑBT 6O JNBHJOBSJP RVF TJHVF TJFOEP UBM Z DPNP .JHVFM EF $FS WBOUFT MP JEFBSB MP FTDSJCJFSB -B GJDDJÖO Z MB SFBMJEBE RVF TF EBO MB NBOP FO MB WJ EB EFM JMVTUSF MJUFSBUP 6O .JHVFM EF $FSWBO UFT IPNCSF RVF ZB FT UBNCJÍO TV QFSTP OBKF Z TV NJUP FO FM SFDVFSEP EF OVFT USBT MFDUVSBT Z OVFTUSP DPOPDJNJFOUP

+PTÍ .BOVFM -VDÑB .FHÑBT FT DBUFESÆUJDP EF MB 6OJWFSTJEBE $PNQMVUFOTF EF .BESJE EJSFDUPS EFM #BODP EF *NÆHFOFT EFM 2VJKPUF QSFTJEFOUF EF IPOPS EF MB "TPDJBDJÖO EF $FSWBOUJTUBT Z DPNJTBSJP EF MB FYQPTJDJÖO .JHVFM EF $FSWBOUFT EF MB WJEB BM NJUP FO MB #/& &O IB QVCMJDBEP -B KVWFOUVE EF $FSWBOUFT 6OB WJEB FO DPOTUSVDDJÖO



à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à à 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

-0 .&+03 %& 46 0#3"

*OWFODJÖO

: $6.#3& %& -" /07&-" &41"¸0-"

&M A2VJKPUF $FSWBOUFT FYIJCJÖ FO TV NBEVSF[ UPEP TV QPUFODJBM DPNP FTDSJUPS HSBO WBSJF EBE EF SFHJTUSPT TPCFSCJP FNQMFP EF MPT EJÆMPHPT BTPNCSPTB DBSBDUFSJ[BDJÖO EF MPT QFSTPOBKFT Z VOB DBQBDJEBE JOTÖMJUB QBSB DPONPWFS BM MFDUPS -B WFSTJÖO RVF FM DJOFBTUB 0STPO 8FMMFT IJ[P EFM 2VJKPUF FO MB JNBHFO FT EJHOB EF GJHVSBS KVOUP B MBT QSJODJQBMFT BEBQUBDJPOFT EF MB PCSB


àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % % 0 0 4 4 0 0 # # 3 3 & & $ $ & & 3 3 7 7 " " / / 5 5 & & 4 4 5 0

5FYUP 1 6OBNVOP

4* /0 -0 )"4 -&´%0 "¿/ :B BEWJSUJÖ &NJ MJP 1BTDVBM RVF FM 2VJKPUF FT QMB UP RVF QSFDJTB EF jCVFO FTUÖ NBHP Z DPNFSMP DPO KVJDJPx 1B SB OP JOEJHFT UBSTF DPOWJFOF IBDFS VTP EF WFSTJPOFT DPNP MBT EF 1ÍSF[ 3F WFSUF QBSB FTDP MBSFT P "OESÍT 5SBQJFMMP &EJUB %FTUJOP Q¼HJ OBT FVSPT

JHVFM EF $FSWBOUFT OP GVF MP RVF TF EJ DF VO IPNCSF DPO TVFSUF 5VWP VOB WJ EB B[BSPTB MP RVF RVJ[Æ OP IBCSÑB EJT HVTUBEP B VO IPNCSF DPNP ÍM UBO EF BS NBT DPNP EF MFUSBT EF OP TFS QPSRVF UBNCJÍO FTUVWP NBSDBEB QPS MB NBMB GPSUVOB 1FSEJÖ MB GVO DJPOBMJEBE EF VOB NBOP FO -FQBOUP FTUVWP DBVUJWP FO "SHFM DPOPDJÖ MB DÆSDFM ZB FO &TQBÕB Z EFTFNQFÕÖ MPT PGJDJPT NÆT EJWFSTPT QBSB BMJWJBS TVT FTUSFDIFDFT FDPOÖNJDBT $VBOEP B MB WVFMUB EF "SHFM TF QSPQVTP QSPTQFSBS DPNP FTDSJUPS TF UPQÖ DPO DSÑUJDBT B TVT DPNQPTJDJPOFT QPÍUJDBT Z DPO VO jNPOTUSVP EF MB OBUVSBMF[Bx -PQF EF 7FHB RVF USVODÖ TV DBSSFSB UFBUSBM $POUSB UPEP QSPOÖTUJDP B VOB FEBE NÆT RVF NBEVSB IBMMÖ TV DBNJOP HMPSJPTP FO VO HÍOFSP RVF ÍM NJTNP JOUSPEVKP FO &TQBÕB Z RVF DBUBQVMUÖ B MB NPEFSOJEBE &M A2VJKPUF %FTQVÍT EF FTUSFOBSTF DPNP OBSSBEPS DPO VO UFNB QBTUPSJM FO -B (BMBUFB $FSWBOUFT QVTP MPT PKPT FO MPT MJCSPT EF DB CBMMFSÑBT "VORVF FM HÍOFSP QBTBCB QPS IPSBT CBKBT MBT JNQSFO UBT EF "MDBMÆ FEJUBSPO OP NFOPT EF PDIP UÑUVMPT EF FTUF DPSUF FO MPT BÕPT DFSDBOPT B MB QVCMJDBDJÖO EF TV QSJNFSB OPWFMB &M JOHFOJP TP IJEBMHP EPO 2VJKPUF EF MB .BODIB BDBCBSÑB TJFOEP NVDIP NÆT RVF VO MJCSP EF DBCBMMFSÑBT oZ NVDIP NÆT RVF VOB QBSPEJB EF FMMPTo QFSP MB FMFDDJÖO EFM HÍOFSP OP FT BKFOB BM IFDIP EF RVF $FS WBOUFT OP FSB TPMP VO HSBO BGJDJPOBEP B FTUF UJQP EF MJUFSBUVSB TJOP VO WFSEBEFSP FSVEJUP FO MB NBUFSJB %F UPEBT MBT PCSBT RVF DP OPDÑB DBTJ QBMBCSB QPS QBMBCSB MB RVF NÆT BENJSBCB QPS FODJNB JODMVTP EFM "NBEÑT EF (BVMB FSB 5JSBOU MP #MBOD 1PS CPDB EFM DVSB EFM 2VJKPUF RVF MP TBMWB EF MB IPHVFSB OVFTUSP IPNCSF EFGJOF FM UFYUP EFM WBMFODJBOP +PBOPU .BSUPSFMM QVCMJDBEP FO 7BMFODJB FO DPNP VO jUFTPSP EF DPOUFOUP Z NJ OB EF QBTBUJFNQPTx Z OP EVEB FO DPOTJEFSBSMP QPS TV FTUJMP jFM NF KPS MJCSP EFM NVOEPx 4F USBUBCB EF UPEB VOB SBSF[B FO TV ÍQPDB QFSP $FSWBOUFT EFCJÖ EF DPOPDFSMP B USBWÍT EF MB WFSTJÖO DBTUF MMBOB EBEB B MB JNQSFOUB FO 7BMMBEPMJE FO RVF QPS DJFSUP OP JOGPSNBCB EFM BVUPS OJ DPOTJHOBCB RVF FSB VOB USBEVDDJÖO QPS MP RVF EPO .JHVFM QFOTBSÑB RVF FSB BOÖOJNB %BOJFM &JTFOCFSH BWFOUVSBCB RVF 5JSBOU MP #MBOD EF CÑB EF TFS FM MJCSP NÆT BOUJHVP EF MB CJCMJPUFDB EF $FSWBOUFT 'VF PUSP DFSWBOUJTUB JMVTUSF .BSUÑO EF 3JRVFS RVJFO TF FODBS HÖ EF DVJEBS EF MB FEJDJÖO EF EFM MJCSP EF .BSUPSFMM DPNP SFDPSEÖ 'ÍMJY EF "[ÜB FO TV SFDJFOUF EJTDVSTP EF JO HSFTP FO MB 3FBM "DBEFNJB &TQBÕPMB 3"& $FSWBOUFT TF TJSWF EF TVT NVDIBT MFDUVSBT Z EF TV FYUFO TB FYQFSJFODJB EF MB WJEB QBSB QPOFS FO QJF FO FM 2VJKPUF VO GPS NJEBCMF AUFBUSP EPOEF DBCFO UPEBT MBT TJUVBDJPOFT BNCJHVBT Z EFTDPODFSUBOUFT EF MB SFBMJEBE SB[ÖO QPS MB RVF 'FSOBOEP 4BWBUFS PQJOB RVF MBT HSBOEFT OPWFMBT QPTFFO MB jEFOTJEBE NPSBMx Z QPS BTÑ EFDJSMP MB BEFDVBDJÖO B MB WJEB EF RVF DBSFDF UP EP DÖEJHP ÍUJDP 4J MB OPWFMB FT VO jEFQÖTJUP EF FYQFSJFODJBx DP NP EJKP "MGPOTP 3FZFT P VOB TVFSUF EF jTJNVMBEPS EF WVFMPx QB SB MB WJEB TFHÜO TPTUJFOF +BWJFS $FSDBT OP IBZ SFQSFTFOUBDJÖO NÆT DBCBM EF FTUB RVF MB RVF PGSFDF FM 2VJKPUF 3FGMFKBS MP RVF BDPOUFDF BVORVF TFB DPO UPEBT TVT BSJT UBT CJFO EFMJOFBEBT OP CBTUB QBSB BMVNCSBS VOB PCSB NBFTUSB EF MB MJUFSBUVSB $FSWBOUFT TJFNQSF EF BRVÑ QBSB BMMÆ QSFTUB PÑEPT BM IBCMB EF TPMEBEPT IJEBMHPT OPCMFT Z QMFCFZPT DPO TFNFKBOUF DBSHBNFOUP MÍYJDP FO MB NFNPSJB BDJFSUB FO FM PDB TP EF TV WJEB B FODPOUSBS MB FYQSFTJÖO JEÖOFB QBSB DBEB TJ UVBDJÖO FM WPDBCMP KVTUP Z UBNCJÍO B FTDSJCJS TJO BUBEVSBT Z DPO QSPEJHJPTP TFOUJEP EFM SJUNP


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

1PS QSFEJTQPTJDJÖO OBUVSBM P QPS FYQF SJFODJB BERVJSJEB EJTQPOF BEFNÆT EF VO SFDVSTP RVF MP USBTUPDB UPEP QBSB CJFO MB JSPOÑB 4J BMHP SFWPMVDJPOBSJP UJFOF FM 2VJ KPUF FT FTF EJTUBODJBNJFOUP UFOVFNFOUF IVNPSÑTUJDP RVF SFBM[B FM DBSÆDUFS BNCJ HVP NÆT SJDP FO NBUJDFT RVF FO DFSUF[BT EF MB FYJTUFODJB -B NPEFSOJEBE SBEJDBM EF MB OPWFMB TF BTJFOUB FO FM FNQMFP OP TPMP EF MB JSPOÑB TJOP UBNCJÍO EF PUSBT UÍDOJDBT OPWFEPTBT DPNP MB WBSJFEBE EF QVOUPT EF WJTUB FO MB OBSSBDJÖO MB FTUSVDUVSB FO GPSNB EF UBQJ[ EPOEF TF FO USFMB[BO MBT USBNBT MB QBSPEJB Z MB TVT QFOTJÖO EF MB BDDJÖO $FSWBOUFT NBOFKB DPNP OBEJF MB ADPO GVTJÖO FOUSF WJEB Z MJUFSBUVSB BM QSPQPOFS DPOUJOVPT KVFHPT NFUBGJDDJPOBMFT Z FOUSF BQBSJFODJB Z SFBMJEBE QVFT OP FO WBOP FMJ HF VO QSPUBHPOJTUB RVF OP FTUÆ FO TVT DB CBMFT %PO 2VJKPUF FT DPNP PUSPT QFSTP OBKFT EFM BVUPS FM MJDFODJBEP 7JESJFSB FM

A-B (BMBUFB &M FTDSJUPS NBESJMFÕP JOJDJB FO FTUF MJCSP QBTUPSJM FM DBNJOP MJUFSBSJP RVF SFDPSSFSÆ IBTUB MBT ÜMUJNBT DPO TFDVFODJBT FO FM 2VJKPUF $FSWBOUFT TVQP BEWFSUJS BEFNÆT MB JNQPSUBO DJB EFM DSFDJFOUF QÜCMJDP GFNFOJOP

UP DÖNJDP VOB TJNQMF OPWFMB EF FOUSFUF OJNJFOUP TJO NÆT QSFUFOTJPOFT &TB QFS DFQDJÖO MP MMFWÖ TFHVSBNFOUF B CVTDBS FM SFDPOPDJNJFOUP EF MPT FSVEJUPT QPS NFEJP EFM FKFSDJDJP MJUFSBSJP PSUPEPYP Z DBOÖ OJDP RVF GVF FM 1FSTJMFT &O MB EFEJDBUP SJB BM DPOEF EF -FNPT EF FTUB OPWFMB QÖT UVNB TF NFODJPOB QPS DJFSUP MB MFHFO EBSJB PCSB QFSEJEB EF OVFTUSP IPNCSF -BT TFNBOBT EFM KBSEÑO &M GJMÖMPHP Z NFEJFWB MJTUB 'SBODJTDP -ÖQF[ &TUSBEB TPTUFOÑB RVF TJ FM 1FSTJMFT OP WPMBCB IBTUB MBT BM UVSBT EFM 2VJKPUF FSB RVJ[Æ QPSRVF USBUB CB EF jVOB NBUFSJB FO MB RVF MB FMBCPSB DJÖO BSUÑTUJDB SFTVMUBCB NÆT MJNJUBEBx MP RVF OPT IBCMB EF MB JNQPSUBODJB EF MB FMFD DJÖO EFM UFNB QBSB DSFBS VOB PCSB SFBM NFOUF TVQFSMBUJWB -PT QSJNFSPT FO QFSDBUBSTF EF RVF FM 2VJKPUF OP SFWFMBCB TPMBNFOUF B VO NBFT USP JOTVQFSBCMF FO FM BSUF EF OBSSBS TJOP jBMHP NÆTx GVFSPO MPT JOHMFTFT RVF MP

%F UPEPT MPT MJCSPT EF DBCBMMFSÑBT RVF $FSWBOUFT TF TBCÑB EF NFNPSJB TV GBWPSJUP FSB A5JSBOU MP #MBOD EF .BSUPSFMM

-P RVF OP MPHSÖ DPNP BVUPS UFBUSBM Z QPFUB MP DPOTJHVJÖ ZB FO MB GSPOUFSB EF MPT BÕPT DPO MBT BWFOUVSBT EF EPO 2VJKPUF

DFMPTP FYUSFNFÕP MP RVF FO QTJRVJBUSÑB TF DPOPDF DPNP VO NPOPNBOÑBDP BM HVJFO QFSGFDUBNFOUF SB[POBCMF FO UPEPT MPT ÖSEFOFT EF MB WJEB JODMVTP VO NPEF MP EF TBCJEVSÑB Z DPOEVDUB B FYDFQDJÖO EF VOP EPOEF TF FYUSBWÑB QPS DPNQMFUP 6OP EF MPT UFTPSPT RVF FODJFSSB MB MFD UVSB EFM 2VJKPUF FT MB MFOUB NFUBNPS GPTJT EF 4BODIP RVJFO FYQFSJNFOUB VOB DSFDJFOUF JEFOUJGJDBDJÖO DPO TV TFÕPS RVF DPSSF QBSFKB DPO MB NFMBODPMÑB FO RVF TF EJTVFMWF FM MJCSP $FSWBOUFT QPTFF MB SBSB DVBMJEBE EF FNPDJPOBS BM MFDUPS TJO SFDVSTPT GÆDJMFT Z FT JNQPTJCMF PM WJEBS B FTUF SFTQFDUP MP RVF EJDF FM FT DVEFSP FO FM DBQÑUVMP 9*** EF MB TFHVOEB QBSUF EF MB OPWFMB j/P UJFOF <EPO 2VJKP UF> OBEB EF CFMMBDP <y> OP TBCF IBDFS NBM B OBEJF TJOP CJFO B UPEPT OJ UJFOF NBMJDJB BMHVOB VO OJÕP MF IBSÆ FOUFOEFS RVF FT EF OPDIF FO MB NJUBE EFM EÑB Z QPS FTUB TFODJMMF[ MF RVJFSP DPNP B MBT UFMBT EF NJ DPSB[ÖO Z OP NF BNBÕP B EFKBSMF QPS NÆT EJTQBSBUFT RVF IBHBx $PO MB QSJNFSB FOUSFHB EF MBT BWFOUV SBT EF "MPOTP 2VJKBOP $FSWBOUFT DPOTJ HVJÖ QPS GJO DPOFDUBS DPO FM QÜCMJDP EF MB ÍQPDB DPOWFSUJSTF FO VO ATVQFSWFOUBT P BM NFOPT FTUBS FO CPDB EF UPEPT &T EJGÑ DJM JNBHJOBS TJ ÍM NJTNP FSB DPOTDJFOUF EF MB NBHOJUVE EF MB SFWPMVDJÖO MJUFSBSJB RVF IBCÑB QVFTUP FO NBSDIB TJ BMDBO [BCB B WJTMVNCSBS RVF FO FM QMB[P EF VOB EÍDBEB TFSÑB DBQB[ EF DPNQMFUBS MB NBZPS TÑOUFTJT EF HÍOFSPT UFOEFODJBT FTUJMPT Z DPODFQUPT EF MB MJUFSBUVSB CBSSPDB QBSB MBO [BSMB B MB WFMPDJEBE EFM TPOJEP IBDJB MB NP EFSOJEBE -P RVF TÑ FOUFOEJÖ $FSWBOUFT FT RVF TV MJCSP FSB SFDJCJEP DPNP VO BSUFGBD

USBEVKFSPO ZB FO DJODP BÕPT EFTQVÍT EF QVCMJDBSTF MB TFHVOEB QBSUF EFM MJCSP Z FO MP DPOTBHSBSPO DPNP VOB DVN CSF EF MB MJUFSBUVSB VOJWFSTBM BM QVCMJDBS MP FO VOB FEJDJÖO JMVTUSBEB oFO FTQBÕPMo FODBSHBEB QPS MPSE $BSUFSFU RVF DPO UFOÑB MB QSJNFSB CJPHSBGÑB DPNQMFUB EF $FSWBOUFT /P FT NPUJWP EF PSHVMMP RVF &T QBÕB UBSEBSB NÆT EF BÕPT FO SFTQPO EFS B FTF UFTPSP EF FSVEJDJÖO DFSWBOUJOB DPO MB FEJDJÖO EF +PBRVÑO *CBSSB QBSB MB 3"& RVF EBUB EF A-B (BMBUFB "OUFT EF QSPCBS TVFSUF DPO MPT MJCSPT EF DBCBMMFSÑBT VO $FSWBOUFT OFDFTJUBEP EF ÍYJUP Z BQSPCBDJÖO QVTP TVT PKPT FO PUSP HÍOFSP FM QBTUPSJM RVF MF QFSNJUÑB QPS VO MBEP BDFSDBSTF B VO NB ZPS QÜCMJDP QPUFODJBM Z QPS PUSP FYQFSJ NFOUBS DPO MB HSBO SFWPMVDJÖO MJUFSBSJB RVF TF BCSÑB QBTP FO TV JNBHJOBDJÖO -B OPWF MB QBTUPSJM NVFTUSB TJHOPT EF BHPUBNJFO UP GPSNBM B MBT BMUVSBT EF DVBOEP TF QVCMJDB -B (BMBUFB Z TJO FNCBSHP MB %JB OB EF +PSHF EF .POUFNBZPS TV NÆYJNP FYQPOFOUF BDVNVMB BM NFOPT FEJDJP OFT FO FTPT BÕPT $FSWBOUFT RVF OP MPHSB SÆ TFNFKBOUFT SFHJTUSPT QFSP TÑ VOB BDFQ UBCMF BDPHJEB UPNB VOB GÖSNVMB CBT UBOUF BORVJMPTBEB Z MB USBOTGPSNB FO VO BSUFGBDUP OBSSBUJWP EPOEF TF FOUSFWFSBO EJÆMPHPT Z SFGMFYJPOFT TPCSF FM BNPS RVF UJFOFO VO EFTUJOBUBSJP DMBSP MBT NVKF SFT EF MPT IJEBMHPT RVF DBEB WF[ FO NB ZPS OÜNFSP TBCFO ZB MFFS FO MB &TQBÕB EF GJOBMFT EFM TJHMP 97* 0USPT SBTHPT OPWFEPTPT RVF QSFGJHVSBO MP RVF FM OPWFMJTUB IBSÆ FO FM 2VJKPUF TPO MB DPNQMFKB DBSBDUFSJ[BDJÖO QTJDPMÖHJDB EF

4* /0 -0 )"4 -&´%0 "¿/ &TUB FEJDJÖO EF MB PCSB EF $FSWBOUFT PGSFDF UPEP FM BQBSBUP DSÑUJ DP QBSB EJT GSVUBS EF jMB ÜOJDB OPWFMB QBTUPSJM RVF OP BCVSSF B MBT PWFKBTx DPNP BDFSUÖ B JOEJDBS +BDPCP $PSUJOFT FOUSF PUSBT SB[POFT QPSRVF EFTCPSEB MBT DPOWFODJPOFT EFM HÍOFSP &EJUB ( (VUFOCFSH Q¼HJOBT FVSPT


àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % % 0 0 4 4 0 0 # # 3 3 & & $ $ & & 3 3 7 7 " " / / 5 5 & & 4 4 5 0

A-PT USBCBKPT EF 1FSTJMFT Z 4JHJTNVOEB .VDIPT DFSWBOUJTUBT SFDPOPDFO FO FTUB OPWFMB MBT NBOFSBT EF VO FTDSJ UPS FO FM BQPHFP EF TV EPNJOJP TPCF SBOP EFM BSUF EF FTDSJCJS UBOUP FO FM BTQFDUP UÍDOJDP DPNP FO FM FTUJMÑTUJDP

MPT QFSTPOBKFT Z MB JOUSPEVDDJÖO EF FMFNFO UPT EF DBSÆDUFS WJPMFOUP Z USÆHJDP NVFSUFT DBTPT EF EFTEÍO Z DFMPT FO VO JEFBMJ[BEP BNCJFOUF QBTUPSJM "TÑ TF OPT DVFOUB FM BTF TJOBUP EF $BSJOP B NBOPT EF -JTBOESP Z MVFHP FTUF SFMBUB TV IJTUPSJB DPO UPEP MVKP EF EFUBMMFT DSVFOUPT MP DVBM SPNQF DPO UP EBT MBT OPSNBT EFM HÍOFSP -P RVF OP NPEJGJDB $FSWBOUFT FT MB QSF DFQUJWB NF[DMB EF QSPTB Z WFSTP RVF UBO CJFO DPOWFOÑB B MB MFDUVSB FO WP[ BMUB &O -B (BMBUFB FODPOUSBNPT OP NFOPT EF DPNQPTJDJPOFT QPÍUJDBT RVF JODMVZFO TPOFUPT DBODJPOFT Z PDUBWBT FOUSF PUSBT WBSJFEBEFT NÍUSJDBT BTÑ DPNP FM FYUFOTP $BOUP EF $BMÑPQF FO FM RVF FM DPNQMV UFOTF BQSPWFDIB QBSB EFTMJ[BS TVT PQJ OJPOFT TPCSF EJWFSTPT QPFUBT DPOUFNQP SÆOFPT $PNP FT NBOJGJFTUP MB UFNÆUJDB QBTUPSJM SFBQBSFDFSÆ FO FM 2VJKPUF B NPEP EF SFMBUPT EJTFNJOBEPT FO FM DVSTP EFM MJ CSP FO FM FQJTPEJP EF .BSDFMB Z (SJTÖTUP

A/PWFMBT FKFNQMBSFT 1BSFDF RVF FM BVUPS RVJTP QPOFSTF B TBMWP EF MB DFOTVSB FTDPHJFOEP FM DBMJGJDBUJWP EF jFKFNQMBSFTx QBSB FTUB DPMFDDJÖO EF SFMBUPT RVF OJ FWJUB MP FTDBCSPTP OJ QPS MP EFNÆT EFTUBDB QPS TV WJWF[B

5SBT FM ÍYJUP EF QÜCMJDP RVF BMJWJÖ TVT QSPCMFNBT FDPOÖNJDPT $FSWBOUFT CVTDÖ DPO FM A1FSTJMFT FM GBWPS EF MB DSÑUJDB

4* /0 -0 )"4 -&´%0 "¿/ 1FOHVJO $MÆ TJDPT IB QV CMJDBEP QPS FM *7 DFOUFOBSJP EF MB NVFSUF EFM BVUPS OVF WBT FEJDJPOFT EF MB PCSB DFS WBOUJOB *TBÑBT -FSOFS JOWJSUJÖ BÕPT FO FTUB QSFQBSBEB DPO PUSB HSBO FYQFSUB FO FM MJCSP QÖTUVNP EF $FSWBOUFT *TBCFM -P[BOP 3FOJFCMBT &EJUB 1FOHVJO Q¼HJOBT FVSPT

NP FO MPT EF MBT CPEBT EF $BNBDIP Z MB GJO HJEB "SDBEJB P FO MB IJTUPSJB EF -FBOESB &M UPOP QBSÖEJDP EF FTUPT DVFOUPT JOUFSQP MBEPT QBSFDF EFNPTUSBS RVF FO MPT BÕPT 4* /0 -0 )"4 -&´%0 "¿/ USBOTDVSSJEPT $FSWBOUFT FODVFOUSB FM HÍ 6OB CVFOB OFSP ZB EFGJOJUJWBNFOUF DBEVDP SB[ÖO QPS NBOFSB EF MB RVF OP FYJTUJSÆ MB BOVODJBEB DPOUJOVB BQSPYJNBSTF DJÖO EF -B (BMBUFB 2VJ[Æ DPNP QSFNP B FTUF DPOKVO OJDJÖO EF MP RVF WFOESÑB IBCÑB FTDSJUP FO UP EF OPWFMBT FM QSÖMPHP EF FTUB NJTNB OPWFMB VOBT FOJH FT FTUF WPMV NÆUJDBT QBMBCSBT EJSJHJEBT B MPT MFDUPSFT NFO RVF SFDP RVF OP MB FODPOUSBTFO EF TV HVTUP j0USBT HF BMHVOPT EF <PCSBT> PGGSFTDF QBSB BEFMBOUF EF NÆT HVT TVT UÑUVMPT UP Z EF NBZPS BSUJGJDJPx NÆT DPOTF HVJEPT EFTEF A-PT USBCBKPT EF 1FSTJMFT Z 4JHJTNVOEB &M MJDFODJBEP %FTQVÍT EF IBCFS FYQMPUBEP Z FO DJFSUP 7JESJFSB IBTUB 3JODPOFUF Z $PSUB NPEP SFIBCJMJUBEP WBSJPT HÍOFSPT MJUFSB EJMMP Z &M DPMPRVJP EF MPT QFSSPT SJPT QBTBEPT EF NPEB $FSWBOUFT RVJTP SF BEFNÆT EFM QSÖMPHP EFM BVUPS DVSSJS FO MB RVF TFSÑB TV OPWFMB QÖTUVNB &EJUB $¼UFESB Q¼HJOBT FVSPT oQVCMJDBEB QPS +VBO EF MB $VFTUB FO o B VO NPEFMP EF QSFTUJHJP FM EF MPT MJCSPT EF BWFOUVSBT P CJ[BOUJOPT B MB NB OFSB EF MPT EFM FTDSJUPS IFMFOÑTUJDP )FMJP EPSP DPO RVJFO BENJUF RVF QSFUFOEF DPNQFUJS ZB FM QSÖMPHP EF MBT /PWFMBT FKFNQMBSFT "TÑ DPNP FM 2VJKPUF QPS TV UP OP DÖNJDP Z DBSJDBUVSFTDP TVQPOÑB VO FKFNQMP AFO DPOUSBSJP FM 1FSTJMFT TF DPO DJCF DPNP VO NPEFMP DBOÖOJDP B USBWÍT EFM DVBM FM BVUPS USBT FM ÍYJUP EF QÜCMJDP DPTFDIBEP DPO MBT BWFOUVSBT EFM JOHFOJP TP IJEBMHP QFSTJHVF BIPSB FM SFDPOPDJ NJFOUP EF DSÑUJDPT Z FSVEJUPT " KVJDJP EF $BSMPT .BUB *OEVSÆJO FY QFSUP FO FM 4JHMP EF 0SP FTUB OPWFMB FYIJ CF jVO QPSUFOUPTP EPNJOJP EF OVNFSPTPT SFDVSTPT UÍDOJDPT Z FTUSVDUVSBMFTx RVF IB DFO EF FMMB VOB DJNB EF MB MJUFSBUVSB CBSSP


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

4V PCSB UFBUSBM Z QPÍUJDB .JHVFM EF $FSWBOUFT RVJTP TFS SFDPOPDJEP TJFNQSF DPNP QPFUB Z BVUPS EF UFBUSP 1BSB FM QSJNFS BSUF TF SFDPOPDJÖ OP UPEP MP EPUBEP RVF BOTJBCB NJFOUSBT RVF FO FM TFHVOEP USJVOGÖ IBTUB MB MMFHBEB EF -PQF EF 7FHB WFSEB EFSP SFWPMVDJPOBSJP EFM HÍOFSP FO MB ÍQPDB

4* /0 -0 )"4 -&´%0 "¿/ -B HSBDJB Z GSFT DVSB EF $FSWBO UFT CSJMMBO DBTJ UBOUP DPNP FO FM 2VJKPUF FO TVT DP NFEJBT RVF MF EF QBSBSPO BMHVOPT ÍYJUPT EF QÜCMJDP

4* /0 -0 )"4 -&´%0 "¿/ &M QPFNB NÆT FY UFOTP EFM BVUPS FT FM 7JBKF EFM 1BS OBTP DPNQVFTUP FO UFSDFUPT FODB EFOBEPT RVF SF QSFTFOUB FM UFTUB NFOUP QPÍUJDP Z

Z TPCSF UPEP FO MPT FOUSFNFTFT UFBUSBMFT &OUSF FTUPT EFTUBDBO DPO MV[ QSPQJB -B FMFDDJÖO EF MPT BM DBMEFT EF %BHBO [P Z NVZ FTQF DJBMNFOUF &M SF UBCMP EF MBT NB

SBWJMMBT RVF TF BUSFWÑB B QPOFS FO TPMGB VOP EF MPT BTVOUPT DBQJ UBMFT EF MB &TQB ÕB EF BRVFM UJFN QP MB MJNQJF[B EF TBOHSF &EJUB $BTUBMJB Q¼HJOBT FVSPT

WJUBM EF .JHVFM EF $FSWBOUFT RVJFO MP FTDSJCJÖ QFO TBOEP jDBOUBS DPO WP[ FOUPOBEB Z WJWB RVF QJFO TFO RVF TPZ DJTOF Z RVF NF NVFSPx (SBO QBSUF EF MB NFKPS DSFBDJÖO

FO WFSTP EFM FT DSJUPS OP TF FO DVFOUSB TJO FN CBSHP FO TVT PCSBT EF QPFTÑB TJOP FO TVT QJF [BT QBSB UFBUSP Z FO FM 2VJKPUF &EJUB $BTUBMJB Q¼ HJOBT FVSPT

DB Z DPOTBHSBO B $FSWBOUFT jDPNP VO A/PWFMBT FKFNQMBSFT &M HFOJP EF "MDBMÆ NBFTUSP JOTVQFSBCMF FO FM BSUF EF OBSSBSx RVF BEFNÆT TBCF BENJOJTUSBS DPNP OB EJF MPT NBUJDFT EF jMB JSPOÑB Z MB BNCJ HÞFEBE FM KVFHP Z MB QBSPEJBx 4J UPEP FTUP OP GVFSB TVGJDJFOUF FM 1FS TJMFT TF EJTGSVUB DPNP VOB OPWFMB EF BWFO UVSBT USFQJEBOUF FO MB RVF jFM BVUPS OP EB SFTQJSP OJ QPS VO NPNFOUP B TVT QFSTP OBKFT OJ B OPTPUSPT MPT MFDUPSFT RVF HVJB EPT QPS TV TBCJB NBOP UFOFNPT PDBTJÖO EF BEFOUSBSOPT FO BVUÍOUJDPT MBCFSJOUPT EF BNPS Z EF CFMMF[Bx DPODMVZF FM FY QFSUP DFSWBOUJTUB

FMBCPSB BMHVOBT EF FTUBT IJTUPSJBT DPSUBT FO MPT BÕPT RVF NFEJBO FOUSF -B (BMBUFB Z FM QSJNFS 2VJKPUF o3JODPOFUF Z $PSUBEJMMP Z &M DFMPTP FYUSFNFÕP EBUBO EF BMSFEFEPS EFM BÕP o Z FM SFTUP FOUSF Z MB GFDIB EF QV CMJDBDJÖO EF MB DPMFDDJÖO FO &O FM QSÖ MPHP TF FOPSHVMMFDF DPO SB[ÖO EF TFS FM QSJNF SP FO OPWFMBS FO MFOHVB DBTUFMMBOB ÍM JOUSP EVDF MB QBMBCSB jOPWFMBx FO FTQBÕPM Z DSFB EF BMHVOB NBOFSB FM HÍOFSP .VDIP TF IB EJDIP TPCSF FM BEKFUJWP RVF TJHVF jFKFNQMBSFTx 4J FM BVUPS EFDMB SB RVF OP IBZ OJOHÜO SFMBUP EFM RVF jOP

TF QVFEB TBDBS BMHÜO FKFNQMP QSPWFDIP TPx NVDIPT FYQFSUPT DPOTJEFSBO RVF EJ DIBT QBMBCSBT CVTDBCBO TJNQMFNFOUF FMVEJS MB DFOTVSB QVFT MBT OPWFMBT BCVO EBO FO QBTBKFT FTDBCSPTPT Z FYQSFTJPOFT TVCJEBT EF UPOP &M FTDSJUPS FT QPDP BNJ HP EF NPSBMJOBT FO MB NFEJEB FO RVF DP NP TFÕBMB *HOBDJP "SFMMBOP TVT UFYUPT TPO SJDPT jFO BNCJHÞFEBEFT FO TJUVBDJP OFT DPNQMFKBTx DPNP MBT RVF OPT QSFTFO UB MB WJEB TV FKFNQMBSJEBE QPS UBOUP jRVFEB BCJFSUB B MB JOUFSQSFUBDJÖO EFM MFDUPS B RVJFO FM BSUF DFSWBOUJOP <y> QSPIÑCF TJNQMJGJDBSx %JWJEJEBT IBCJUVBMNFOUF FOUSF OPWF MBT SFBMJTUBT F JEFBMJTUBT MBT AFKFNQMBSFT BDVTBO DJFSUP BDBSUPOBNJFOUP F JODPO TJTUFODJB EF MPT QFSTPOBKFT 4F UJFOF QPS DJFSUP RVF MBT NFKPSFT TPO KVTUBNFO UF MBT NFOPT FEJGJDBOUFT Z RVF MBT NÆT MPHSBEBT TPO -B (JUBOJMMB 3JODPOFUF Z $PSUBEJMMP &M DFMPTP FYUSFNFÕP Z FM UÆO EFN &M DBTBNJFOUP FOHBÕPTP Z &M DPMP RVJP EF MPT QFSSPT RVF GJHVSBO TFHVJEB VOB EF PUSB 1PFTÑB Z UFBUSP 4J FO BMHP RVJTP EFTUB DBS $FSWBOUFT GVF DPNP FTDSJUPS EF QPF TÑB Z UFBUSP MBT NPEBMJEBEFT MJUFSBSJBT NÆT SFTQFUBEBT EF TV ÍQPDB QFSP TPMP FM KPWFO HÍOFSP EF MB OPWFMB MF SFQPSUÖ ÍYJ UP Z BMHP EF EJOFSP &O FM FYUFOTP QPFNB OBSSBUJWP FM 7JBKF EFM 1BSOBTP DPNQVFTUP FO UFSDFUPT FODBEFOBEPT RVF FT QSFDJTBNFOUF TV PCSB FO WFSTP NÆT SFDPOPDJEB MMFHB B EVEBS EF TV UB MFOUP QBSB FTUF BSUF j:P RVF TJFNQSF USB CBKP Z NF EFTWFMP QPS QBSFDFS RVF UFOHP EF QPFUB MB HSBDJB RVF OP RVJTP EBSNF FM DJFMPx TF MBNFOUB 7JDFOUF (BPT PQJOB CB RVF MB NFKPS QPFTÑB DFSWBOUJOB TF IB MMB FO FM 2VJKPUF EPOEF FM BVUPS QBSFDF FODPOUSBS MB HSBDJB Z GSFTDVSB RVF FO PUSBT PDBTJPOFT MF GBMUB Z FT FO FM UFB USP EPOEF DPO NBZPS GSFDVFODJB Z MJ CFSUBE SFDVSSF B MB FTDSJUVSB FO WFSTP %FTQVÍT EF SFHSFTBS EF TV DBVUJWFSJP OVFTUSP IPNCSF QVEP TPÕBS QPS VO UJFN QP DPO IBDFSTF EVFÕP Z TFÕPS EF MB FTDF OB FTQBÕPMB QFSP MB JSSVQDJÖO EF -PQF EF 7FHB EFTCBSBUÖ TVT QSFUFOTJPOFT )BTUB MB BQBSJDJÖO EFM AGFOÖNFOP OJO HÜO FTDSJUPS EF UFBUSP FTQBÕPM IBCÑB MMF HBEP B MBT BMUVSBT EF $FSWBOUFT RVF DVM UJWÖ MB USBHFEJB -B /VNBODJB USJVOGÖ DPO DPNFEJBT DPNP MB UFNQSBOB -PT USB UPT EF "SHFM Z MBT QPTUFSJPSFT &M SVGJÆO EJ DIPTP Z 1FESP EF 6SEFNBMBT FOUSF PUSBT Z CSJMMÖ DPO FTQFDJBM JOUFOTJEBE FO MPT FOUSFNFTFT $FSWBOUFT MVDF BRVÑ MB NJT NB EFTFOWPMUVSB GPSNBM F JEFPMÖHJDB RVF EFSSPDIÖ FO FM 2VJKPUF Z BDJFSUB B DPNCJ OBS MB QSFTFODJB EF MPT UJQPT SJEÑDVMPT EF TJFNQSF Z MBT TJUVBDJPOFT NÆT DPOWFO DJPOBMFT DPO MPT NFKPSFT SFDVSTPT EF TV HFOJP DSFBUJWP MB JSPOÑB FTQFDJBMNFOUF FO QJF[BT UBO CSJMMBOUFT DPNP -B FMFDDJÖO EF MPT BMDBMEFT EF %BHBO[P Z TPCSF UP EP &M SFUBCMP EF MBT NBSBWJMMBT PCSB NBFTUSB EF MB TFSJF


àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

.VDIB WJEB B MBT FTQBMEBT QBSB DPOUBS Z VO EPO BTPNCSPTP QBSB BDFSUBS TJFNQSF DPO MB FYQSFTJÖO QSFDJTB IBDFO EF $FSWBOUFT VOB GVFOUF JOBHPUBCMF EF TFOUFODJBT BGPSJTNPT Z GSBTFT JOHFOJPTBT RVF QPESÑBO MMFOBS QPS TÑ TPMBT VO MJCSP EF DJUBT

ĉà à à à à à à à à à à à à à à à à à à à à à

$&37"/5&4 %& 46 16¸0 : -&53"

j$BEB VOP FT DPNP %JPT MP IJ[P Z BÜO QFPS NVDIBT WFDFTx %PO 2VJKPUF EF MB .BODIB QBSUF DBQ *7

j"NPS Z EFTFP TPO EPT DPTBT EJGFSFOUFT RVF OP UPEP MP RVF TF BNB TF EFTFB OJ UPEP MP j"ÜO RVF TF EFTFB TF FOUSF MPT EFNPOJPT IBZ BNBx VOPT QFPSFT RVF -B (BMBUFB MJCSP *7

PUSPT Z FOUSF NVDIPT NBMPT IPNCSFT TVFMF IBCFS BMHVOP CVFOPx

j%FKÍ MB QMVNB Z MBT DPNFEJBT Z FOUSÖ MVFHP FM NPOTUSVP EF MB OBUVSBMF[B FM HSBO -PQF EF 7FHB Z BM[ÖTF DPO MB NPOBSRVÑB DÖNJDBx

-B (JUBOJMMB

1SÖMPHP B MBT 0DIP DPNFEJBT Z PDIP FOUSFNFTFT OVFWPT OVODB SFQSFTFOUBEPT j&M BOEBS MBT UJFSSBT Z DPNVOJ DBS DPO EJWFSTBT HFOUFT IBDF B MPT IPNCSFT EJTDSFUPTx &M DPMPRVJP EF MPT QFSSPT

ĉà à à à à à à à à à à à à à à à à à j1VFEF IBCFS BNPS TJO DFMPT QFSP OP TJO UFNPSFTx -PT USBCBKPT EF 1FSTJMFT Z 4JHJTNVO EB MJCSP *** DBQ 9*9

j&M RVF MFF NVDIP Z BOEB NVDIP WF NVDIP Z TBCF NVDIPx

j-B WFSEBE BEFMHB[B Z OP RVJFCSB Z TJFNQSF BOEB TPCSF MB NFOUJSB DPNP FM BDFJUF TPCSF FM BHVBx %2 QBSUF DBQ 9

%2 QBSUF DBQ 99

j1PS FTP KV[HP Z EJTDJFSOP QPS DPTB DJFSUB Z OPUPSJB RVF UJFOF FM BNPS TV HMPSJB B MBT QVFSUBT EFM JOGJFSOPx -B (BMBUFB MJCSP ***

j/P EFTFFT Z TFSÆT FM IPNCSF NÆT SJDP EFM NVOEPx

-PT USBCBKPTy MJCSP *7 DBQ *

j-" */(3"5*56% &4 )*+" %& -" 40#&3#*"x %2 QBSUF DBQ -*

ĉà à à à à à à à à à à

j/P TFBT TJFNQSF SJHVSPTP OJ TJFNQSF CMBOEP Z FTDPHF FOUSF FTUPT EPT FYUSFNPT RVF FO FMMP FTUÆ FM QVOUP EF MB EJTDSFDJÖO x %2 QBSUF DBQ -*

j&M IBDFS CJFO B WJMMBOPT FT FDIBS BHVB BM NBSx

%2 QBSUF DBQ 99***

j1BSFDF RVF OP IBZ SFGSÆO RVF OP TFB WFSEBEF SP QPSRVF UPEPT TPO TFOUFODJBT TBDBEBT EF MB NJTNB FYQF SJFODJB NBESF EF UPEBT MBT DJFODJBT x %2 QBSUF DBQ 99*

j-MÆNBTF DPNÜONFOUF .JHVFM EF $FSWBOUFT 4BBWFESB <y> 1FSEJÖ FO MB CBUBMMB OBWBM EF -FQBOUP MB NBOP J[RVJFSEB EF VO BSDBCV[B[P IFSJEB RVF BVORVF QBSF[DB GFB ÍM MB UJFOF QPS IFSNPTB QPS IBCFSMB DPCSBEP FO MB NÆT NFNPSBCMF Z BMUB PDBTJÖOyx 1SÖMPHP B MBT /PWFMBT FKFNQMB SFT

j6O CVFO BSSFQFOUJNJFO UP FT MB NFKPS NFEJDJOB RVF UJFOFO MBT FOGFSNFEBEFT EFM BMNBx -PT USBCBKPT EF 1FSTJMFT Z 4JHJTNVOEB MJCSP * DBQ 9*7


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

%*4'365" : $&-&#3" " $&37"/5&4 &4 %& 50%04

+PTÍ .BSÑB -BTTBMMF 4FDSFUBSJP EF &TUBEP EF $VMUVSB

$

FSWBOUFT FT OVFTUSP BVUPS NÆT VOJWFSTBM /P TPMP FODBSOB FM FTQÑSJUV MVDIBEPS Z MJCSF EFM BSUJTUB TJOP RVF QSPZFDUB VO SFMBUP JMVTJPOBOUF TPCSF MB WJEB Z VO MVHBS EF FODVFOUSP QBSB OPTPUSPT MPT FTQBÕPMFT " MP MBSHP EF TV PCSB OPT EFTDVCSF BEFNÆT NBSBWJMMPTBT MFDDJPOFT TPCSF DÖNP MB JMVTJÖO Z MB JODPOGPSNJEBE TPO JEFBT SFQFUJEBT FO TV QFOTBNJFOUP Z SFDPSSFO FM 2VJKPUF Z FM SFTUP EF TVT FTDSJUPT DJODFMBOEP BTÑ VOB GJMPTPGÑB FYJTUFODJBM QSPQJB $PO UPEP FMMP OPT QSFHVOUBNPT {RVJÍO EFCF EFDJEJS DÖNP DFMFCSBS B $FSWBOUFT 4J FM HFOJP EF "MDBMÆ FT OVFTUSP BVUPS NÆT VOJWFSTBM MB DFMFCSB DJÖO EF FTUB FGFNÍSJEF OP QPEÑB TJOP FOTBNCMBS MBT QSPHSBNBDJPOFT EFM QBÑT FOUFSP DPO VOB QSPQVFTUB BNQMJB QBSUJDJQBUJWB F JOUFHSBEPSB /VNFSPTBT TPO MBT JOTUJUVDJPOFT Z BENJOJTUSBDJPOFT QÜCMJDBT RVF IBDF ZB VOPT NFTFT EFDJEJFSPO JOUFHSBSTF FO MB $PNJTJÖO /BDJPOBM QBSB MB DPONFNPSBDJÖO EFM *7 DFOUFOBSJP EF MB NVFSUF EF .JHVFM EF $FSWBOUFT 2VJTJFSB BQSPWFDIBS MB PDBTJÖO QBSB BHSBEFDFSMFT B UPEBT FMMBT TV FTGVFS[P Z UFOBDJEBE FO MB QVFTUB FO NBSDIB EF VO BUSBDUJWP QSPHSBNB EF BDUJWJEBEFT DVMUVSBMFT DPO VO NJTNP EFOPNJOBEPS DPNÜO VO FMFNFOUP EF IFUFSPHFOFJEBE EF MJCFSUBE EF EJTDVSTP USBOTWFSTBM

DPNVOJUBSJP Z EFNPDSÆUJDP RVF EFCF QFSNJUJS TJO FYDFQDJÖO EBS WP[ B UPEPT BRVFMMPT DSFBEPSFT Z BHFOUFT FTQBÕPMFT RVF EFTFFO QBSUJDJQBS $PO FTUF NJTNP QSPQÖTJUP Z FOUSF PUSBT NFEJEBT FM (PCJFSOP IB JNQVMTBEP JNQPSUBOUFT JODFOUJWPT GJTDBMFT DPO MB GJOBMJEBE EF RVF UPEP BRVFM RVF RVJFSB DFMFCSBS B OVFTUSP NÆT JOTJHOF BVUPS FODVFOUSF VO BQPZP BEJDJPOBM QBSB TV SFBMJ[BDJÖO &M PCKFUJWP EF FTUB DPONFNPSBDJÖO FT FWJEFOUF SFJWJOEJDBS MPT FTDSJUPT EF $FSWBOUFT Z TV DBQBDJEBE EF QSPZFDUBS TV NBHJTUSBM GPSNB EF FOUFOEFS MB WJEB Z FM EFTDVCSJNJFOUP EF VOP NJTNP BTÑ DPNP SFBDUJWBS VOB DVMUVSB DPO NBZÜTDVMBT RVF OPT QFSNJUB BGSPOUBS OP TPMP MPT SFUPT EFM QSFTFOUF TJOP UBNCJÍO MPT EFM GVUVSP : UPEP FMMP FO VO DMJNB EF MJCFSUBE 1PS DJFSUP QBMBCSB FTQFDJBMNFOUF RVFSJEB QPS $FSWBOUFT Z RVF SFJUFSB B MP MBSHP EFM 2VJKPUF -JCFSUBE FO OVFTUSP DBTP JOTUJUVDJPOBM QVFT TF IB FWJUBEP FM EJSJHJTNP JOUFSWFODJPOJTUB Z KFSBSRVJ[BEP RVF EFTEF FM QPEFS IB SFJUFSBEP IJTUÖSJDB NFOUF TV FNQFÕP FO DPOUSPMBS FM SFMBUP EF MBT DPONFNPSBDJPOFT QBSB FO FTUB PDBTJÖO FOTBM[BS MB BVUPOPNÑB EF RVJFOFT EFTFBO SFGMFYJPOBS Z IPNFOBKFBS B $FSWBOUFT TJO NÆT MÑNJUF RVF TV QSPQJB JOJDJBUJWB Z TV DBQBDJEBE EF PGSFDFS VOB WJTJÖO OPWFEPTB TPCSF TV GJHVSB "DFSDBS BM QÜCMJDP FM BVUPS Z TV PCSB FT FO EFGJOJUJWB VOP EF OVFTUSPT QSJODJQBMFT FNQFÕPT QVFT B QFTBS EF TV FYUFOTB JOGMVFODJB OVFTUSP FTDSJUPS NÆT VOJWFSTBM TJHVF TJFOEP QBSB NVDIPT VO HSBO EFTDPOPDJEP 1PS UPEP FMMP B MP MBSHP EF Z HSBO QBSUF EF EJTGSVUBSFNPT EF VO BNQMÑTJNP Z WBSJBEP QSPHSBNB RVF SFDPSSFSÆ EF OPSUF B TVS FM UFSSJUPSJP OBDJPOBM Z RVF EBSÆ FM TBMUP B OVNFSPTPT EFTUJOPT JOUFSOBDJPOBMFT 1PS NFODJPOBS BMHVOBT EF MBT QSPQVFTUBT NÆT TJHOJGJDBUJWBT TJ MP RVF EFTFBO FT DPOPDFS BM BVUPS OP TF QJFSEBO MB FYQPTJDJÖO .JHVFM EF $FSWBOUFT EF MB WJEB BM NJUP PSHBOJ[BEB QPS MB #JCMJPUFDB /BDJPOBM EF &TQBÕB Z "DDJÖO $VMUVSBM &TQBÕPMB /VODB BOUFT TF IBCÑB IFDIP VOB FYQPTJDJÖO EF UBOUP DBMBEP RVF SFDPHJFSB MB NBZPS DPMFDDJÖO EF EPDV NFOUPT WJODVMBEPT B MB WJEB Z PCSB EF $FSWBOUFT FO UPEP FM NVOEP &O MBT OPDIFT EF WFSBOP FM 'FTUJWBM *OUFSOBDJPOBM EF 5FBUSP $MÆTJDP EF "MNBHSP OPT EFMFJUBSÆ DPO VO BUSBDUJWP QSPHSBNB DFSWBOUJOP .ÆT EF FTQFDUÆDVMPT DPO GVODJPOFT TFJT FYQPTJDJPOFT Z PUSPT EPT FWFOUPT FTQFDJBMFT QSPGVOEJ[BSÆO FO MB PCSB EF $FSWBOUFT &OUSF FMMBT EFTUBDB MB BQSPYJNBDJÖO MÜEJDB BM VOJWFSTP EFM BVUPS DPO MB $FSWBOUJOB VOB DPQSPEVD DJÖO EF 3PO -BMÆ Z MB $PNQBÕÑB /BDJPOBM EF 5FBUSP $MÆTJDP 0 MBT QSPEVDDJPOFT 3JODPOFUF Z $PSUBEJMMP EF 4FYQFBSF &M WJFKP DFMPTP EF MBT DPNQBÕÑBT 7FOF[JB *OTDFOB Z 3FZNBMB Z -PT NJTUFSJPT EFM 2VJKPUF EF 3BGBFM ©MWBSF[ FM #SVKP -B

$PNQBÕÑB /BDJPOBM EF %BO[B UBNCJÍO SFDBMBSÆ FO "MNBHSP DPNP DPOUJOVBDJÖO EF TV HJSB FTQBÕPMB F JOUFSOBDJPOBM DPO FM CBMMFU %PO 2VJKPUF VOB DSFBDJÖO EF +PTÍ $BSMPT .BSUÑOF[ RVF IB MPHSBEP QPTJDJP OBSTF QPS FM QÜCMJDP Z MB DSÑUJDB DPNP VO ÍYJUP SPUVOEP 6O TJOGÑO EF JOJDJBUJWBT TFSÆO QSPNPWJ EBT UBNCJÍO QPS PSHBOJ[BDJPOFT EF ÆNCJUP MPDBM &OUSF FMMBT MB FYQPTJDJÖO $FSWBOUFT JOGJOJUP PSHBOJ[BEB QPS FM "ZVOUBNJFOUP EF "MDBMÆ P MB NVFTUSB JUJOFSBOUF $FSWBOUFT FO UV CJCMJPUFDB EFM "ZVOUBNJFOUP EF .BESJE : EF ÆNCJUP JOUFSOBDJPOBM DPNP MPT FTQFDUÆDVMPT EF UFBUSP Z EBO[B 5FBUSPT FKFNQMBSFT RVF MMFWBO B MPT FTDFOBSJPT MBUJOPBNFSJDBOPT VOB WFSTJÖO EF MBT /PWFMBT FKFNQMBSFT EF MB NBOP EF MB "HFODJB &TQBÕPMB EF $PPQFSB DJÖO *OUFSOBDJP OBM Z %FTBSSPMMP /P TPMP FODBSOB 4JO PMWJEBS MPT FM FTQÑSJUV DPODJFSUPT UBOUP MVDIBEPS Z MJCSF EF NÜTJDB DMÆTJDB EFM BSUJTUB TJOP DPNP DPOUFNQP RVF QSPZFDUB SÆOFB Z UPEBT VO SFMBUP JMVTJPOBOUF TPCSF BRVFMMBT MB WJEB Z VO MVHBS JOJDJBUJWBT EFEJDBEBT BM EF FODVFOUSP GPNFOUP EF MB QBSB OPTPUSPT MFDUVSB Z B MB EJWVMHBDJÖO EF OVFTUSBT MFUSBT "DFSDBS FM BVUPS Z -FT BOJNP B TV PCSB BM QÜCMJDP EJTGSVUBS EF FTUB FYUFOTB WBSJBEB FT FTUF BÕP VOP SJDB Z BQBTJPOBO EF OVFTUSPT UF DFMFCSBDJÖO QSJODJQBMFT RVF IB CVTDBEP FNQFÕPT QVFT BSUJDVMBSTF EFTEF OVFTUSP FTDSJUPS MBT QSPQVFTUBT EF NÆT VOJWFSTBM MBT JOTUJUVDJPOFT TJHVF TJFOEP QBSB Z DPMFDUJWPT Z NVDIPT VO HSBO RVF QPS QSJNFSB EFTDPOPDJEP WF[ EJTGSVUB EF VO DPOUBDUP NÆT EJSFDUP DPO MPT DJVEBEBOPT $FSWBOUFT FT VOP EF MPT QJMBSFT EF OVFTUSB DVMUVSB DPNÜO Z NFSFDF QPS FMMP RVF BÕPT EFTQVÍT EF TV NVFSUF TV BQSPYJNBDJÖO OPT MMFWF B BGJSNBS BM VOÑTPOP RVF j$FSWBOUFT FT VO MVHBS EF FODVFOUSP QBSB VOB QBUSJB MB JCFSPBNFSJDBOB EPOEF IBCJUBO NJMMPOFT EF IJTQBOPIBCMBOUFTx



ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

$*6%"%&4 $&37"/5*/"4

5SBT MPT QBTPT %& $&37"/5&4 : 46 */(&/*040 )*%"-(0


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

6O HSVQP EF FTDPMBSFT WJTJUB MB QMB[B EF $FSWBO UFT FO FM DFOUSP EF "MDBMÆ EF )FOBSFT "SSJCB EPT BEPMFTDFOUFT BCSB[BO MB FTUBUVB EF EPO 2VJKPUF FO MB DBMMF .BZPS EF MB DJVEBE OBUBM EFM BVUPS "CBKP MB QMBDB RVF QVFEF MFFSTF FO FM DPOWFOUP EF MBT 5SJOJUBSJBT FO FM #BSSJP EF MBT -FUSBT EF .BESJE EPOEF TF IBO IBMMBEP VOPT SFTUPT RVF QPESÑBO TFS MPT EF $FSWBOUFT +03(& 1"3´4 (53&4

5FYUPT .BSÑB .ÆSRVF[ Z 3BJ 7JMMBMCB

TDSJCF "SUVSP 1ÍSF[ 3FWFSUF VOP EF MPT NBZPSFT BENJSBEPSFT WJWPT EF .JHVFM EF $FSWBOUFT 4BBWFESB j.F HVTUB MB DBMMF $FSWBOUFT EF .BESJE /P QPSRVF TFB FT QFDJBMNFOUF CPOJUB RVF OP MP FT TJOP QPS RVF DBEB WF[ RVF MB QJTP UFOHP MB JNQSF TJÖO EF DSV[BSNF DPO BNJTUPTPT GBOUBTNBT RVF QPS BMMÑ USBO TJUBOx 6OP DBNJOB IPZ QPS MBT DBMMFT EFM NBESJMFÕP #BSSJP EF MBT -FUSBT Z FOGSBTDBEP FO TVT QFOTBNJFOUPT OP BDJFSUB B SFDPSEBS RVF OVFTUSP MJUFSBUP NÆT VOJWFSTBM MBT SFDPSSJÖ FO BÕPT QSFUÍSJ UPT Z RVF UBNCJÍO FO FMMBT TF EFTQJEJÖ EF MB WJEB JHOPSBOEP JOKVTUBNFOUF MB SFWPMVDJÖO MJUFSBSJB RVF EFKBCB USBT EF TÑ .BESJE GVF VOB EF UBOUBT DJVEBEFT $PNP TJ IVCJFSB WBUJDJOB EP MB PCSB RVF VO EÑB SFHBMBSÑB B MB IVNBOJEBE $FSWBOUFT WJBKÖ EF GPSNB DPOTUBOUF B MP MBSHP EF TV WJEB RVFEBOEP NBSDBEP QPS MBT EJGFSFOUFT VSCFT RVF FOUSF QFSJQMP Z QFSJQMP UFKJFSPO TV CJPHSBGÑB Z OVUSJFSPO TV QMVNB &O MBT QÆHJOBT RVF TJHVFO IFNPT


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

-PT NPMJOPT RVF PCTFTJPOBCBO BM IJEBMHP FO $BNQP EF $SJQUBOB $JVEBE 3FBM &TUBUVB EF $FSWBOUFT KVOUP BM "SDP EF MB 4BOHSF FO 5PMFEP %PO 2VJKPUF Z 4BODIP GSFOUF B MB GJHVSB EF TV DSFBEPS FO MB 1MB[B EF &TQBÕB EF .BESJE (53&4

JOUFOUBEP QFSGJMBS VOB SVUB BQSPYJNBEB QPS [BOB EPOEF TF DSFF RVF USBCBKÖ TV QBESF j[V BMHVOPT EF MPT SJODPOFT RVF TJSWJFSPO EF FT DFOBSJP B TVT EÑBT UBOUP FO &TQBÕB DPNP FO FM FYUSBOKFSP 'VFSPO UPEPT MPT RVF FT UÆO oBVORVF OP FTUÆO UPEPT MPT RVF GVF SPOo MVHBSFT SFMFWBOUFT QBSB EPO .JHVFM Z MPT QFSTPOBKFT EF TV NÆYJNB DSFBDJÖO "MDBMÆ EF )FOBSFT $FSWBOUFT 4BBWFESB TF IB JOTUBMBEP FO FM JNBHJOBSJP DPNP VO IPN CSF FOKVUP EF HFTUP TFSJP CBSCB DBOPTB Z HPS HVFSB CMBODB 1FSP BOUFT EF MB DFMFCSJEBE Z MPT IPOPSFT GVF .JHVFM B TFDBT FM OJÕP EF 3P ESJHP Z -FPOPS FM DVBSUP IJKP USBT "OESÍT "O ESFB Z -VJTB Z BM RVF TJHVJFSPO 3PESJHP Z .BH EBMFOB %FTEF NFEJBEPT EFM TJHMP QBTBEP TF BQVOUÖ BM OÜNFSP EF MB DBMMF .BZPS EF "MDBMÆ EF )FOBSFT DPNP MB DBTB FO MB RVF QSP CBCMFNFOUF IBCSÑB EBEP TVT QSJNFSPT QBTPT -JUFSBMNFOUF QSJNFSPT QPSRVF FO DVBO EP UFOÑB BÕPT MB QSPQJFEBE EF TV BCVFMP QBUFSOP TF QVTP FO WFOUB &O FTB JOGBODJB UFNQSBOB RVJ[ÆT WJTJ UBTF FO BMHVOB PDBTJÖO FM )PTQJUBM EF "OUF

SVKBOP TBOHSBEPSx BMHP BTÑ DPNP VO QSBD UJDBOUF EF MB ÍQPDB &M FEJGJDJP IPTQJUBMBSJP RVF BÜO TF DPOTFSWB DPMJOEB DPO FM IPHBS GB NJMJBS Z FO EJSFDDJÖO PQVFTUB B TPMP VOPT QBTPT FM QFRVFÕP .JHVFM QPEÑB FODPOUSBSTF DPO TV UÑP +VBO RVJFO WJWÑB FO MB DBTB DP OPDJEB DPNP MB $BM[POFSB "VORVF OVODB WPMWFSÑB B SFTJEJS FO "MDB MÆ EF GPSNB QFSNBOFOUF MB DJVEBE VOJWFS TJUBSJB FTUÆ NVZ MJHBEB BM DÍMFCSF BVUPS UBO UP CJPHSÆGJDB DPNP DSFBUJWBNFOUF 4V BCVF MP +VBO EF $FSWBOUFT GVF EFTJHOBEP UFOJFOUF EF DPSSFHJEPS FO FO VOB WJMMB NBSDB EB QPS MB DSFBDJÖO EF MB VOJWFSTJEBE EF NB OP EFM DBSEFOBM $JTOFSPT Z BMMÑ TF FTUBCMFDF SÑB MB GBNJMJB &OUSF MPT QPDPT EPDVNFOUPT WBMJEBEPT RVF TF DPOTFSWBO TF IBMMB TV QBS UJEB CBVUJTNBM SFHJTUSBEB FO MB BOUJHVB QBSSPRVJB 4BOUB .BSÑB MB .BZPS IPZ DB QJMMB 0JEPS "MMÑ MF MMFWBSPO 3PESJHP Z -FPOPS VO EPNJOHP EF PDUVCSF EF %F TVT TFJT IFSNBOPT TF TBCF B DJFODJB DJFSUB RVF VOB EF FMMBT -VJTB SFTJEJÖ FO "M


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

DBMÆ IBTUB FM GJOBM EF TVT EÑBT DPNP DBSNFMJ UB FO FM DPOWFOUP EF MB DBMMF EF MB *NBHFO QFS QFOEJDVMBS B MB DBTB OBUBM "MMÑ TPS -VJTB EF #FMÍO $FSWBOUFT DPOWJWJÖ DPO 5FSFTB EF +F TÜT Z MMFHÖ B QSJPSB .VSJÖ QPDP EFTQVÍT RVF TV JOTJHOF IFSNBOP FO BMHÜO NPNFOUP FO USF MPT BÕPT Z Z GVF FOUFSSBEB FO FM NPOBTUFSJP RVF IBCÑB TJEP TV IPHBS &O FM QMBOP MJUFSBSJP MB JNQPSUBODJB EF "M DBMÆ OP FT NFOPS 5SBT MB CBUBMMB EF -FQBO UP Z FM DBVUJWFSJP FO "SHFM .JHVFM EF $FSWBO UFT EFCVUÖ DPNP OPWFMJTUB DPO MB QSJNFSB QBSUF EF -B (BMBUFB EJWJEJEB FO TFJT MJCSPT JNQSFTB FO VO UBMMFS EF MB DBMMF -JCSFSPT DVBOEP UFOÑB BÕPT 5BNCJÍO IBZ DPOTUBO DJB EF RVF FO FM $PMFHJP EF 5FÖMPHPT EF MB .BESF EF %JPT 'SBODJTDP .VSDJB EF MB -MBOB BQSPCÖ MB GF EF FSSBUBT EF MB QSJNFSB QBSUF EF MB PCSB DVNCSF DFSWBOUJOB FO EJDJFNCSF EF : PUSP SFQVUBEP BMDBMBÑOP #FSOBSEP EF 4BOEPWBM Z 3PKBT BS[PCJTQP EF 5PMFEP SFT QBMEÖ MB TFHVOEB QBSUF DPNP DPOTUBUÖ FM BV UPS BHSBEFDJÍOEPMF TV NFDFOB[HP FO FM QSÖ MPHP j7ÑWBNF MB TVNB DBSJEBE EFM JMVTUSÑ

&O .BESJE FM HFOJP QVCMJDB MBT EPT QBSUFT EFM A2VJKPUF TF FOBNPSB OBDF TV IJKB SFGSFOEB TV NBUSJNPOJP DPO $BUBMJOB Z FT FOUFSSBEP TJNP EF 5PMFEP EPO #FSOBSEP EF 4BOEPWBM Z 3PKBT BVORVF OP IBZB JNQSFOUBT FO FM NVOEP Z BVORVF TF JNQSJNBO DPOUSB NÑ NÆT MJCSPT RVF MFUSBT UJFOFO MBT DPQMBT EF .JOHP 3FWVMHPx )BTUB OVFTUSPT EÑBT IB MMFHBEP PUSB NBHOB PCSB EFM DBSEFOBM MBT #FSOBSEBT FM DPOWFOUP DJTUFSDJFOTF RVF NBOEÖ DPOT USVJS FO ÍQPDB FO MB RVF $FSWBOUFT SFNBUBCB MBT BWFOUVSBT EFM IJEBMHP NÆT GBNPTP EF UPEPT MPT UJFNQPT .BESJE $PO BÕPT $FSWBOUFT TF JOT UBMB FO .BESJE QBSB GPSNBSTF FO MB SBNB EF MBT )VNBOJEBEFT "VORVF DPO DPOT UBOUFT JEBT Z WFOJEBT MB DJVEBE NBSDB TV

WJEB JOFYPSBCMFNFOUF &O TVT FTDFOBSJPT QPOF B QSVFCB TV UBMFOUP DPNP ESBNBUVS HP B FMMB SFHSFTB EFTQVÍT EF TVT DBMB NJEBEFT NJMJUBSFT QVCMJDB MBT EPT QBSUFT EFM 2VJKPUF Z PUSBT OPWFMBT TF FOBNPSB OBDF TV IJKB SFGSFOEB TV NBUSJNPOJP DPO $BUBMJOB EF 4BMB[BS Z FT FOUFSSBEP FO VO DPOWFOUP DBQJUBMJOP 5SBT VOB FTUBODJB FO *UBMJB Z MPT JOGPSUV OJPT EF TV DBSSFSB NJMJUBS WVFM WF B .BESJE -B USFJOUFOB TFSÆ VOB EÍDBEB GVOEBNFOUBM QBSB EPO .JHVFM RVF WJWF JO NFSTP FO MB FYDFMFODJB MJUFSBSJB EFM 4JHMP EF 0SP 1FSP UBNCJÍO QPSRVF DPO BÕPT FT QB ESF EF *TBCFM GSVUP EF VOB SFMBDJÖO GVSUJWB DPO "OB 'SBODB EF 3PKBT UBCFSOFSB FO MB DB MMF 5VEFTDPT &O FTBT GFDIBT FM BVUPS BM DBMBÑOP DPOUSBF NBUSJNPOJP DPO PUSB KP WFO $BUBMJOB EF 4BMB[BS FO FM QVFCMP UP MFEBOP EF &TRVJWJBT TJ CJFO MB DFSFNPOJB TF DPNQMFUB FO DPO FM SJUVBM EF MBT WF MBDJPOFT FO MB QBSSPRVJB NBESJMFÕB EF 4BO .BSUÑO VCJDBEB QPS FOUPODFT GSFOUF BM NP OBTUFSJP EF MBT %FTDBM[BT 3FBMFT &M IFDIP EF RVF OP MB SFDPOPDJFTF DPNP IJKB MFHÑUJNB EFTEF TV OBDJNJFOUP OP TJHOJ GJDB RVF *TBCFM EF $FSWBOUFT Z 4BBWFESB WJWJFTF FO .BESJE BKFOB B TV QB ESF MPT FYQFSUPT SFTBMUBO MB JOGMVFODJB FO TV PCSB OJ B MB GBNJMJB EF FTUF &M JOWFTUJHB EPS &NJMJP .BHBOUP SFDPQJMÖ SFDJFOUFNFOUF EJWFSTPT EPDVNFOUPT CJPHSÆGJDPT DP NP TV QBSUJEB CBVUJTNBM EFQPTJUBEB FO MB QBSSPRVJB NBESJMFÕB EF MPT 4BOUPT +VTUP Z 1BTUPS -B OJÕB SFDJCJÖ FM TBDSBNFOUP DSJTUJB OP DPNP *TBCFM 3PESÑHVF[ BQFMMJEP EFM FTQP TP EF "OB 'SBODB Z OP GVF IBTUB DVBO EP GVF SFDPOPDJEB BM GBMMFDFS TV NBESF Z NV EBSTF DPO TV UÑB QBUFSOB .BHEBMFOB B MB RVF TJSWF Z EF MB RVF BQSFOEF PGJDJPT GFNFOJ OPT :B BEVMUB TF DBTBSÆ FO EPT PDBTJPOFT Z WJWJSÆ VO NPNFOUP BNBSHP DPO MB NVFSUF EF TV ÜOJDB IJKB UBNCJÍO MMBNBEB *TBCFM B MB FEBE EF BÕPT .JHVFM EF $FSWBOUFT TF RVF EBCB BTÑ TJO EFTDFOEFODJB -PT FYQFSUPT EFTUBDBO MB HSBO WPDBDJÖO ESBNBUVSHB EFM FTDSJUPS "M QBSFDFS FO FTUSFOB EPT PCSBT FO DPSSBMFT EF DPNFEJBT EFM #BSSJP EF MBT -FUSBT -PT USBUPT EF "SHFM Z &M DFSDP EF /VNBODJB BVORVF TJO ÍYJUP &O FT OPNCSBEP DPNJTBSJP SFBM EF BCBTUPT Z DPNJFO[B TV QFSJQMP NBODIFHP SFDBVEBO EP DPOUSJCVDJPOFT DJSDVOTUBODJB RVF TVT CJÖHSBGPT SFMBDJPOBO DPO FM HFSNFO EF MBT BWFOUVSBT EFM jJOHFOJPTP IJEBMHPx &O FM UBMMFS EF +VBO EF MB $VFTUB OÜNFSP EF MB DBMMF "UPDIB JNQSJNF FOUSF Z DPQJBT EF MBT QÆHJOBT RVF DPN QSFOEÑB MB QSJNFSB QBSUF EF MB PCSB DVNCSF FO MFOHVB FTQBÕPMB &O CSFWF FM FTDSJUP DVFOUB DPO DJODP FEJDJPOFT Z USBEVDDJPOFT BM JOHMÍT Z BM GSBODÍT 6O BÕP NÆT UBSEF TV BVUPS TF JOTUBMB EFGJOJUJWBNFOUF FO .B ESJE WJWJFOEP FO BM NFOPT EPT DBTBT EF MB DB MMF -FÖO FKF EF VO #BSSJP EF MBT -FUSBT DPO WFSUJEP FO NFOUJEFSP EF BDUPSFT Z MJUFSBUPT QPS TV DFSDBOÑB DPO TFJT DPSSBMFT FOUSF FMMPT FM EFM 1SÑODJQF EPOEF IPZ TF VCJDB FM 5FBUSP &TQBÕPM &T VOB ÍQPDB MJUFSBSJB GSVDUÑGFSB QVCMJDB MBT /PWFMBT FKFNQMBSFT Z FM 7JB


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

KF EFM 1BSOBTP NJFOUSBT TF FOGSFOUB B MB JOHFOUF UBSFB EF SFNBUBS MBT BOEBO[BT RVJ KPUFTDBT RVF FO WVFMWFO B MB JNQSFOUB EF +VBO EF MB $VFTUB USBTMBEBEB B MB DBMMF 4BO &V HFOJP %PO .JHVFM NPSÑB DPO BÕPT VO EF BCSJM EF FO MB BOUJHVB DBMMF EF 'SBODPT EFTEF DBMMF $FSWBOUFT "M EÑB TJHVJFO UF Z DPNP ÍM NJTNP IBCÑB FTUJQVMBEP GVF FO UFSSBEP FO FM NPOBTUFSJP EF MBT 5SJOJUBSJBT %FTDBM[BT EF 4BO *MEFGPOTP $BTUJMMB -B .BODIB -B IVFMMB RVF $FS WBOUFT EFKÖ FO $BTUJMMB -B .BODIB B USBWÍT EFM 2VJKPUF IBDF EJGÑDJM EJTPDJBS IPZ MB GJHVSB EFM NÆT VOJWFSTBM EF OVFTUSPT FTDSJUPSFT EF MBT UJFSSBT RVF QSPUBHPOJ[BO TV PCSB DVNCSF " QFTBS EF MPT NÜMUJQMFT WJBKFT Z USBTMB EPT RVF FODPOUSBNPT FO TV CJPHSBGÑB OJOHV OB EF MBT UJFSSBT RVF WJTJUÖ P FO MBT RVF IBCJ UÖ JOGMVZÖ UBOUP FO TV PCSB FTQFDJBMNFOUF FO FM 2VJKPUF EPOEF QSPUBHPOJ[B FM QSPQJP UÑUV MP FM OPNCSF QPS FM RVF TF DPOPDF BM QFS %F BSSJCB BCBKP FM TPOBKF QSJODJQBM Z FM SFTUBVSBOUF 7FOUB DPNJFO[P EF MB PCSB EFM 2VJKPUF FO &M QSJNFS IJUP FO 1VFSUP -ÆQJDF MB SFMBDJÖO FOUSF $JVEBE 3FBM FM $BTUJMMB -B .BODIB QVFSUP NBSÑUJNP Z $FSWBOUFT MP FO EF #BSDFMPOB MB DPOUSBNPT FO MB QP $JVEBE $POEBM CMBDJÖO UPMFEBOB EF UJFOF FM PSHVMMP EF &TRVJWJBT B MB RVF TFS MB ÜOJDB RVF FM BVUPS MMFHÖ DPO FM WJTJUBO EPO PCKFUJWP EF BZVEBS B 2VJKPUF Z 4BODIP MB WJVEB EF VO QPF FO TVT BOEBO[BT UB BNJHP FO MB QV Z BCBKP MB FTUBUVB CMJDBDJÖO EF VO DBO EF .JHVFM EF DJPOFSP QÖTUVNP $FSWBOUFT FO MB "MMÑ FM EF EJDJFN 1MB[B EF MB CSF EF TF DBTÖ 6OJWFSTJEBE FO DPO $BUBMJOB EF 4B 7BMMBEPMJE MB[BS FO MB JHMFTJB (53&4 +"7* (6&33" QBSSPRVJBM FO MB RVF BÜO IPZ TF DPOTFSWB FM MJCSP EF NBUSJNP OJPT RVF MP BDSFEJUB &O &TRVJWJBT MB QBSFKB IBCJUÖ FO VOB UÑQJ DB NBOTJÖO EF MBCSBEPSFT BDPNPEBEPT EFM TJ HMP 97* RVF FO MB BDUVBMJEBE TF IB DPOWFSUJ EP FO MB JNQPOFOUF $BTB .VTFP .JHVFM EF $FSWBOUFT &M JONVFCMF QFSUFOFDJÖ UBM DPNP SF[B FM FTDVEP EF TV GBDIBEB QSJODJQBM B VO QBSJFOUF EF $BUBMJOB FM IJEBMHP EPO "MPOTP 2VJKBEB EF 4BMB[BS FO RVJFO HSBO OÜNFSP EF CJÖHSBGPT DFSWBOUJOPT FOUSF FMMPT -VJT "TUSB OB .BSÑO DPOTJEFSBO RVF TF JOTQJSÖ $FS WBOUFT QBSB MB DSFBDJÖO EFM QFSTPOBKF EF EPO 2VJKPUF j4JO &TRVJWJBT OP IVCJFSB FYJTUJEP FM 2VJKPUFx BGJSNB TJO BNCBHFT FM QSFTUJHJPTP BVUPS EF MB PCSB 7JEB FKFNQMBS Z IFSPJDB EF $FSWBOUFT 1FSP OP FT NFOPT DJFSUP RVF FM QF SJQMP EFM BVUPS QPS UJFSSBT DBTUFMMBOPNBODIF HBT MF MMFWBSÑB QPS NVMUJUVE EF QVFCMPT FO MPT RVF GVF DPOPDJFOEP MBT QBSUJDVMBSJEBEFT EF TV HFOUF TVT DPTUVNCSFT Z TV DVMUVSB 4VT WJBKFT B 5PMFEP EFCJFSPO TFS DPOT UBOUFT UBOUP QPS TV DFSDBOÑB SFTQFDUP B &TRVJWJBT DPNP QPS FM IFDIP EF RVF FO FTPT UJFNQPT ZB FSB VOB EF MBT QSJODJQBMFT DJV EBEFT EF OVFTUSP QBÑT $POPDÑB QFSGFDUB NFOUF FM MVHBS Z RVJ[ÆT QPS FMMP RVFEÖ SF


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

GMFKBEP FO NVDIBT EF TVT DSFBDJPOFT DPNP -B JMVTUSF GSFHPOB &M SBTUSP EF $FSWBOUFT TF EFKB WFS QPS UPEB MB DJVEBE F JODMVTP TF QVF EF WJTJUBS FO FM .VTFP EF 4BOUB $SV[ FM HSBO QFOEÖO EF MB CBUBMMB EF -FQBOUP FO MB RVF FM FTDSJUPS SFTVMUÖ IFSJEP &O FM NVOJDJQJP UPMFEBOP EF &M 5PCPTP TF QVFEF WJTJUBS FM .VTFP $BTB EF %VMDJOFB FO IPNFOBKF B MB EBNB JNBHJOBSJB EF MB RVF FTUBCB FOBNPSBEP FM j$BCBMMFSP EF MB 5SJTUF 'JHVSBx Z B MB RVF EFEJDBCB TVT HFTUBT $POUJOVBNPT OVFTUSP SFDPSSJEP QPS MB .BODIB DFSWBOUJOB GJKBOEP MB BUFODJÖO FO VOP EF MPT TÑNCPMPT EFM 2VJKPUF TVT NPMJ OPT EF WJFOUP &TQFDJBMNFOUF TJHOJGJDBUJWP FT FM EFM 5ÑP (FOBSP FO .BESJEFKPT QPS DPOTFS WBS JOUBDUB TV FTUSVDUVSB Z NBRVJOBSJB QF SP VOB WJTJUB QPS MPT UÍSNJOPT EF 5FNCMFRVF $BNQP EF $SJQUBOB "MDÆ[BS EF 4BO +VBO $POTVFHSB P .PUB EFM $VFSWP OPT QVFEF SFUSPUSBFS B MPT QBJTBKFT EF NPMJOPT EF MB ÍQP DB &O "SHBNBTJMMB EF "MCB TF QVFEF WJ TJUBS UBOUP MB $BTB EF .FESBOP EPOEF FM BV UPS QFSNBOFDJÖ QSFTP DPNP MB EFM CBDIJMMFS 4BOTÖO $BSSBTDP QFSTPOBKF RVF KVOUP BM CBS CFSP Z BM DVSB JOUFOUÖ TBDBS EF TV MPDVSB BM IJ EBMHP NBODIFHP 0USP QBSBKF RVJKPUFTDP TF BM[B FO FM 1BS RVF /BUVSBM EF MBT -BHVOBT EF 3VJEFSB QVOUP EF SFGFSFODJB NFEJPBNCJFOUBM Z UV SÑTUJDP NBODIFHP j<y> TBCJFOEP F JORVJ SJFOEP BTJNJTNP FM OBDJNJFOUP Z WFSEB EFSPT NBOBOUJBMFT EF MBT TJFUF MBHVOBT MMB NBEBT DPNÜONFOUF EF 3VJEFSBx 4JO EFKBS MB QSPWJODJB EF $JVEBE 3FBM OPT BEFOUSBNPT FO MPT DBNQPT EF .POUJFM IBTUB DJODP WFDFT NFODJPOBEPT FYQMÑDJUB NFOUF FO FM 2VJKPUF Z 7JMMBOVFWB EF MPT *O GBOUFT NVOJDJQJP FO FM RVF OP QPDPT TJUÜBO MB QBUSJB EF "MPOTP 2VJKBOP /P FT EF FYUSBÕBS DPOTJEFSBOEP FM QF TP DBTUFMMBOP FO MB PCSB DVNCSF EFM HFOJP RVF MB +VOUB EF $BTUJMMB -B .BODIB IBZB QSPHSBNBEP QBSB FTUF VO TJOGÑO EF BDUJWJEBEFT DPONFNPSBUJWBT DPO NPUJWP EFM *7 DFOUFOBSJP EF MB NVFSUF EF $FSWBOUFT FO USF MBT RVF TF JODMVZFO FYQPTJDJPOFT FT QFDUÆDVMPT UFBUSBMFT Z EF EBO[B BDUJWJEBEFT BDBEÍNJDBT Z EF EJWVMHBDJÖO FWFOUPT NV TJDBMFT Z PUSBT BDDJPOFT DPNP DFSUÆNFOFT HBTUSPOÖNJDPT Z EF QSPNPDJÖO EFM UVSJTNP 4FWJMMB Z .ÆMBHB &M DBSÆDUFS FSSBOUF EF MB OJÕF[ Z KVWFOUVE EF .JHVFM EF $FSWBOUFT EFCJÖ BDFSDBSMF B UJFSSBT BOEBMV[BT FO EJ GFSFOUFT PDBTJPOFT NÆYJNF UFOJFOEP FO DVFOUB FM PSJHFO DPSEPCÍT EF TV GBNJMJB B USBWÍT EF TV BCVFMP QBUFSOP -P RVF QBSF DF DMBSP FT RVF TV FUBQB NÆT QSPMPOHBEB FO "OEBMVDÑB DPNFO[Ö FO DVBOEP B MPT BÕPT TF JOTUBMB FO FM SFJOP EF 4FWJMMB QBSB FKFSDFS DPNP jDPNJTBSJP SFBM EF BCBT UPTx SFDPHJFOEP QSPWJTJPOFT oGVOEBNFO UBMNFOUF USJHP DFCBEB Z BDFJUFo QBSB MB "SNBEB *OWFODJCMF Z MBT GMPUBT EF MBT *OEJBT "TJTUJNPT QVFT B VOB ÍQPDB DSVDJBM FO MB WJEB EFM BVUPS UBOUP B OJWFM QFSTPOBM DP NP FO TV SFMBDJÖO DPO MBT MFUSBT 'SBODJT DP .ÆSRVF[ 7JMMBOVFWB BGJSNB RVF jMMFHB FO VOB WJSUVBM SFOVODJB B MBT -FUSBT Z <y>

TBMF Ö BÕPT EFTQVÍT FO DPOEJDJPOFT EF FTDSJCJS FM 2VJKPUFx $BTJ TJFNQSF BDPNQBÕBEP QPS FM NBFT USP CJ[DPDIFSP +VBO 4ÆFO[ EF MB 5PSSF TV BDUJWJEBE SFDBVEBUPSJB MF DPOEVDF QPS MPT QVFCMPT TFWJMMBOPT EF 1BSBEBT $BS NPOB Z 6USFSB "SB IBM Z .BSDIFOB Z "EFNÆT EPDVNFOUPT JOÍEJUPT IBMMBEPT FM QBTBEP BÕP QPS +PTÍ $BCFMMP /ÜÕF[ QSVF CBO RVF UBNCJÍO WJTJUÖ 0TVOB .PSÖO Z 7JMMBNBSUÑO $ÆEJ[ 4V QFSJQMP QPS FM TVS EF &TQBÕB TJO FNCBSHP OP GVF GÆDJM 'VF BDVTBEP EF WFOUB JMFHBM EF USJHP Z FODBS DFMBEP QPS FMMP FO °DJKB 4FWJMMB Z $BT USP EFM 3ÑP $ÖSEPCB EPOEF IBZ RVJFO BGJSNB RVF FNQF[Ö B EBS GPSNB B MB IJT UPSJB EF EPO 2VJKPUF BVORVF PUSPT BTF HVSBO RVF GVF QPTUFSJPSNFOUF FO MPT NF TFT FO RVF QFSNBOFDJÖ FO MB $ÆSDFM 3FBM EF 4FWJMMB KVOUP B MB DBMMF RVF IPZ SFDJCF FM OPNCSF EF &OUSFDÆSDFMFT -B QSPZFDDJÖO BOEBMV[B FO MB PCSB DFS WBOUJOB TF NBOJGJFTUB FTQFDJBMNFOUF FO TVT /PWFMBT FKFNQMBSFT &O DVBOUP BM 2VJKPUF FODPOUSBNPT FO FM DBQÑUVMP 9-* EF TV QSJNF SB QBSUF EVSBOUF MB OBSSBDJÖO EFM EFTFN CBSDP EF 3VZ 1ÍSF[ EF 7JFENB FO MBT DPTUBT EF .ÆMBHB MB FYDMBNBDJÖO EF VOB EF MBT QFS TPOBT RVF MF BDPNQBÕBO j`(SBDJBT TFBO

&O 7BMMBEPMJE EPOEF $FSWBOUFT WJWJÖ NFOPT EF EPT BÕPT BMUFSOBSÑB BMFHSÑBT DPNP MB FEJDJÖO EFM A2VJKPUF DPO TV EFUFODJÖO EBEBT B %JPT TFÕPSFT RVF B UBO CVFOB OPT IB DPOEVDJEP 1PSRVF TJ ZP OP NF FOHBÕP MB UJFSSB RVF QJTBNPT FT MB EF 7ÍMF[ .ÆMBHBx &O FTUB QPCMBDJÖO FODPOUSBNPT IPZ FO EÑB FM .VTFP $FSWBOUFT oMFWBOUBEP TPCSF VOB BO UJHVB QPTBEB FO MB RVF TFHÜO MB USBEJDJÖO QP QVMBS TF BMPKÖ FM BVUPS FO FM BÕP o VO FEJ GJDJP NVOJDJQBM EFEJDBEP B GJOFT DVMUVSBMFT 7BMMBEPMJE &O EPT FUBQBT EF TV WJEB $FSWBOUFT WJWJÖ FO 7BMMBEPMJE &O MB QSJ NFSB DVBOEP TPMP DPOUBCB DPO BÕPT EF FEBE SFTJEJÖ KVOUP DPO TV GBNJMJB FO MB "DFSB EF 4BODUJ 4QJSJUVT IPZ QBTFP EF ;P SSJMMB 1FSP OP TFSÆ IBTUB DPO BÕPT ZB DVBOEP FM FTDSJUPS WVFMWB B JOTUBMBS TF FO FTUB DJVEBE RVF UBOUP IB DBNCJBEP EVSBOUF MBT DJODP EÍDBEBT RVF USBOTDV SSFO EFTEF FOUPODFT .VDIP UVWP RVF WFS QBSB FMMP FM USBT MBEP EF MB DPSUF EF 'FMJQF ** FO 7B MMBEPMJE TF DPOWJSUJÖ BTÑ FO DFOUSP EF QPEFS QPMÑUJDP Z FDPOÖNJDP BMHP RVF BUSBKP B SF GFSFOUFT DVMUVSBMFT EF MB ÍQPDB DPNP 2VF WFEP (ÖOHPSB FM QJOUPS 3VCFOT P FM FTDVM UPS (SFHPSJP 'FSOÆOEF[ 1FSP {RVÍ RVJ UBCB FM TVFÕP EF $FSWBOUFT FO FTF UJFNQP /J NÆT OJ NFOPT RVF MB JNQSFTJÖO EF TV PCSB &M JOHFOJPTP IJEBMHP EPO 2VJKPUF EF MB .BO DIB RVF QBSB OP FSB NÆT RVF VO NB

OVTDSJUP $PO UBM PCKFUJWP FM BVUPS DPOUBD UÖ DPO 'SBODJTDP EF 3PCMFT MJCSFSP EFM SFZ FTUBCMFDJEP FO MB DBMMF EF MB -JCSFSÑB EF 7B MMBEPMJE BM RVF DFEJÖ MPT EFSFDIPT EF MB PCSB QBSB DPOTFHVJS MPT QFSNJTPT EF JNQSFTJÖO EFM $POTFKP EF $BTUJMMB 'JOBMNFOUF MMFHÖ MB BVUPSJ[BDJÖO Z FO MB MJCSFSÑB EF +VBO EF MB $VFTUB FO .BESJE TF FODBSHÖ EF TV QSJ NFSB FEJDJÖO BVORVF DPO UBOUBT FSSBUBT RVF FM NJTNP BÕP TF WJFSPO PCMJHBEPT B IBDFS VOB TFHVOEB JNQSFTJÖO NÆT DVJEBEB $FSWBOUFT QFSNBOFDJÖ FO MB DBQJUBM EFM 1JTVFSHB BMHP NFOPT EF EPT BÕPT UJFNQP FO FM RVF BMUFSOBSÑB HSBOEFT BMFHSÑBT DPNP MB FEJDJÖO EFM 2VJKPUF DPO TJOTBCPSFT DPNP TV EFUFODJÖO Z QPTUFSJPS QVFTUB FO MJCFSUBE QPS FM DSJNFO EFM DBCBMMFSP EF MB 0SEFO EF 4BO UJBHP (BTQBS &[QFMFUB 'VF QSFDJTBNFOUF VO FYUSBDUP EFM DPOPDJEP DPNP jQSPDFTP &[QFMFUBx MP RVF MMFWÖ B JOEBHBS TPCSF DVÆM GVF MB WFSEBEFSB DBTB FO MB RVF WJWJÖ $FS WBOUFT FO 7BMMBEPMJE Z TFSÑB FM QSPGFTPS +P TÍ 4BOUB .BSÑB EF )JUB RVJFO MB GJKÖ FO FO FM 3BTUSP /VFWP EF MPT $BSOFSPT "MMÑ TF BM[B BIPSB FM .VTFP $BTB $FS WBOUFT BMHP RVF FT QPTJCMF HSBDJBT FO QBSUF B RVF FM SFZ "MGPOTP 9*** Z "SDIFS )VOUJOHUPO QSFTJEFOUF EF MB )JTQBOJD 4PDJFUZ PG "NFSJDB BERVJSJFSPO FO TV QSPQJFEBE Z MB EF USFT FEJGJDJPT DPO UJHVPT oUPEPT FMMPT DPOTUSVJEPT QPS FM BS RVJUFDUP +VBO EF MBT /BWBT FO o QB SB EPOBSMPT BM &TUBEP 5SBT VOB QSJNFSB FUBQB DPNP #JCMJPUF DB .VOJDJQBM $FSWBOUJOB FM EF BCSJM EF TF JOBVHVSBCB PGJDJBMNFOUF DPNP MP RVF FT IPZ VO NVTFP NPOPHSÆGJDP EF EJDBEP BM FTDSJUPS -B DBTB FTUÆ DPNQVFT UB QPS TFJT FTUBODJBT Z FM PCKFUJWP FT RVF MPT WJTJUBOUFT QVFEBO DPOPDFS FM FTUJMP EF WJEB EFDPSBDJÖO Z DPTUVNCSFT EF MB ÍQP DB FO MB RVF FM HFOJP EF "MDBMÆ WJWJÖ FO MB DJVEBE BTÑ DPNP TV DPOUFYUP IJTUÖ SJDP TPDJPFDPOÖNJDP Z QPMÑUJDP -B DPMFDDJÖO FTUÆ JOUFHSBEB QPS PC KFUPT EFM QSPQJP NVTFP Z PUSPT DFEJEPT FO EFQÖTJUP QPS WBSJBT JOTUJUVDJPOFT DP NP FM .VTFP /BDJPOBM EF &TDVMUVSB EF 7BMMBEPMJE Z FM .VTFP EFM 5SBKF Z $*1& 4V NPCJMJBSJP RVF EBUB EFM TJHMP 97** TF DPNQMFUB DPO QJOUVSBT EF MPT TJHMPT 97** Z 9*9 DFSÆNJDB EF 5BMBWFSB Z VO JNQPS UBOUF GPOEP CJCMJPHSÆGJDP "TJNJTNP FM NVTFP QSPHSBNB B MP MBSHP EFM BÕP EJWFS TBT BDUJWJEBEFT DVMUVSBMFT QBSB BDFSDBS MB GJHVSB DFSWBOUJOB B MB QPCMBDJÖO #BSDFMPOB 5JFOF FM IPOPS EF TFS MB ÜOJDB DJVEBE RVF WJTJUBO EPO 2VJKPUF Z 4BODIP Z BM NJTNP UJFNQP FT FM FTDFOBSJP EF MB EF SSPUB GÑTJDB Z NPSBM EFM IJEBMHP )BZ VO DPOTFOTP FOUSF MPT FTUVEJPTPT TP CSF MB FTUBODJB EFM FTDSJUPS FO #BSDFMPOB BM NFOPT FO VO NPNFOUP EF TV WJEB 4F FTQF DVMB JODMVTP DPO VOB DBTB EFM TJHMP 97* OÜ NFSP EFM QBTFP $PMÖO DPNP QPTJCMF SFTJ EFODJB EFM BMDBMBÑOP &O TFHÜO BMHVOPT FYQFSUPT FM FTDSJUPS QPESÑB IBCFS WJBKBEP B MB DJVEBE QBSB QFEJS BM DPOEF EF -FNPT RVF TF FODPOUSBCB BMMÑ EF DBNJOP B /ÆQPMFT GPSNBS


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

QBSUF EF TV TÍRVJUP 0USB IJQÖUFTJT BQVOUB B DVCSFO NBSBWJMMB VOB CSFWF FTUBEÑB BOUFSJPS IBDJB DVBO EP IVZF B 3PNB USBT TFS DPOEFOBEP B BSSFT UP Z B MB BNQVUBDJÖO EF TV NBOP EFSFDIB -B FTDSJUPSB DBUBMBOB $BSNF 3JFSB QMBO UFÖ MB QPTJCJMJEBE FO FM DPOHSFTP $FSWBO UFT FM 2VJKPUF Z #BSDFMPOB EF RVF GVFTF FO DPO BÕPT DVBOEP $FSWBO UFT DPOPDJÖ MB $JVEBE $POEBM QVFT DPOT UB EPDVNFOUBMNFOUF RVF GVF BSDBCVDFSP TPMEBEP DPO BSDBCV[ TJNJMBS BM GVTJM FO MB DPNQBÕÑB EF EPO %JFHP EF 6SCJOB RVF [BSQÖ EFM QVFSUP CBSDFMPOÍT FM EF KVMJP EF FTF BÕP &O PQJOJÖO EF 3JFSB FTUB FT UBODJB FTUJWBM MF IBCSÑB QFSNJUJEP QSF TFODJBS MB GJFTUB EF 4BO +VBO FO MB RVF QBS UJDJQBO MPT QSPUBHPOJTUBT EF MB OPWFMB jMMF HBSPO B TV QMBZB FO MB WÑTQFSB EF 4BO +VBO FO MB OPDIFx -B UFTJT EF 3JFSB UBNCJÍO FY QMJDBSÑB MB QBSÖEJDB FOUSBEB SFHJB EF MPT QSPUBHPOJTUBT FO MB DJVEBE j4POBCBO DMB SJOFT USPNQFUBT Z DIJSJNÑBT <y> -PT TPM EBEPT EF MBT HBMFSBT EJTQBSBCBO JOGJOJUB BS UJMMFSÑBx DPNP PDVSSJÖ FM EF KVOJP EF DPO EPO +VBO EF "VTUSJB Z RVF QPESÑB IB CFS QSFTFODJBEP $FSWBOUFT -B EFTB[ÖO EF MB FTUBODJB TF NBOUJFOF EVSBOUF MPT TFJT DBQÑUVMPT -FT IPOSB 3P RVF (VJOBSU USBTVOUP EFM GBNPTP CBO EPMFSP EF MB ÍQPDB 1FSPU 3PDBHVJOBSEB j`PI WBMFSPTP 3PRVF DVZB GBNB OP IBZ MÑ NJUFT FO MB UJFSSB RVF MB FODJFSSFO x EFT

&TDVMUVSB EF

EPT FM NBS jIBTUB 4BODIP 1BO[B FO FOUPODFT EF FMMPT FM NVOJDJQJP EF OP WJTUP QBSFDJÖMFT "MDBMÆ EF &CSP FTQBDJPTÑTJNP Z MBS $FSWBOUFT HPx QBTFBO QPS MB MPDBMJ[Ö FO FM &CSP #BSDFMPOFUB Z TF MPT FQJTPEJPT NÆT UPQBO DPO VO UBMMFS EJWFSUJEPT Z JEFOUJGJDBEP DPNP SPDBNCPMFTDPT EF FM FYJTUFOUF FO FM MB TFHVOEB QBSUF OÜNFSP EF MB DB EFM 2VJKPUF MMF EFM $BMM RVF JN +03(& (0/;©-&; A9*10 QSJNF MB WFSTJÖO BQÖDSJGB EF "WFMMBOFEB MP RVF QFSNJUF B $FSWBOUFT EFTQBDIBSTF B HVTUP DPO FM JN QPTUPS jQFOTÍ RVF ZB FTUBCB RVFNBEP Z IFDIP QPMWPT QPS JNQFSUJOFOUFx 1FSP FM MBEP OFHBUJWP EF MBT BWFOUVSBT CBSDFMPOFTBT OP FT OBEB EFTEFÕBCMF QFS EFS FM EVFMP DPO FM $BCBMMFSP EF MB #MBODB -VOB MF QPTUSB jTFJT EÑBT FO FM MFDIP NB SSJEP USJTUFx Z MF FYJHF BCBOEPOBS EVSBO UF VO BÕP TVT PGJDJPT EF DBCBMMFSÑB /P FO WB OP FTUB FT EFGJOJEB DPNP jMB BWFOUVSB RVF NÆT QFTBEVNCSF EJP B EPO 2VJKPUF EF DVBOUBT IBTUB FOUPODFT MF IBCÑBO TVDFEJ EPx : NÆT TJHOJGJDBUJWBT BÜO TPO MBT QBMB CSBT EFM QSPUBHPOJTUB EFTQJEJÍOEPTF EF MB WJMMB j`"RVÑ GVF 5SPZB BRVÑ NJ EFTEJDIB <y> "RVÑ TF PTDVSFDJFSPO NJT IB[BÕBT BRVÑ GJOBMNFOUF DBZÖ NJ WFOUVSB QBSB KB NÆT MFWBOUBSTF x

;BSBHP[B /P FT DBTVBMJEBE RVF FM 2VJ KPUF DJFSSF TV QSJNFSB QBSUF DPO FM BOVODJP EF MB JOUFODJÖO EFM IJEBMHP EF WJTJUBS MB DJVEBE EF ;BSBHP[B 4V USBEJDJÖO DBCBMMFSFTDB MB DPO WFSUÑB FO FM EFTUJOP JEFBM QBSB VOB NFOUF PC TFTJPOBEB DPO MPT MJCSPT EF DBCBMMFSÑBT {$ÖNP DPOPDF $FSWBOUFT FTUF IFDIP 5PEP QBSFDF JOEJDBS RVF MP WJWJÖ FO QSJ NFSB QFSTPOB QVFT OVFTUSP BVUPS QBTÖ QPS FTUB DJVEBE FO BDPNQBÕBOEP BM HFOF SBM "DRVBWJWB DVBOEP SFHSFTBCB B 3PNB "MMÑ BNCPT QVEJFSPO QSFTFODJBS BMHÜO GFT UFKP DBCBMMFSFTDP FO IPOPS EFM DBSEFOBM 4FHVSBNFOUF JOGMVJEP QPS FTUP TPO OVNF SPTBT MBT BMVTJPOFT B MB DBQJUBM EF "SBHÖO FO MB TFHVOEB QBSUF EFM 2VJKPUF FO MB RVF OVFT USP BOUJIÍSPF GJKB FO FTUB DJVEBE TV TJHVJFO UF EFTUJOP 4JO FNCBSHP USBT MB OBSSBDJÖO EF MBT NÆT EJTQBSBUBEBT BWFOUVSBT DBNJOP EF MB DBQJUBM FO FM DBQÑUVMP -*9 EPO 2VJKPUF SFOVO DJB B MMFHBS B ;BSBHP[B &TUF HJSP BSHVNFO UBM QBSFDF BUSJCVJSTF BM IFDIP EF RVF FO FM 2VJ KPUF EF "WFMMBOFEB TÑ MP IJDJFSB BTÑ $FSWBOUFT NBSDBCB VOB EJGFSFODJB DPOUVOEFOUF DPO MB PCSB RVF MF FTUBCB JOUFOUBOEP DPQJBS 5BNCJÍO RVFEBO SFGMFKBEBT FO MB PCSB DVNCSF EF $FSWBOUFT MBT UJFSSBT BSBHPOFTBT B USBWÍT EF MB ÑOTVMB #BSBUBSJB RVF FM EV RVF QSPNFUF B 4BODIP 1BO[B ojPT NBOEP FM HPCJFSOP EF VOB <ÑOTVMB> RVF UFOHP EF OP OFT EF OP QFRVFÕB DBMJEBExo RVF TF DPSSFT QPOEF DPO MB QPCMBDJÖO EF "MDBMÆ EF &CSP 6O HPCJFSOP DPO FM RVF TPÕBSÑB FM GJFM FT DVEFSP EFM IJEBMHP QFSP RVF QSPOUP UPS OBSÑB FO GSVTUSBDJÖO QVFTUP RVF UPEP SFTVM UÖ TFS VOB GBSTB RVF DPOUÖ DPO MB DPNQMJ DJEBE EF TVT WFDJOPT %F BIÑ MB NFMBODPMÑB DPO MB RVF TF MF SFQSFTFOUB FO MB FTDVMUVSB RVF MF IBO FSJHJEP DPNP IPNFOBKF FO FTUF NVOJDJQJP BSBHPOÍT 7BMFODJB UJFSSB EF MJCFSUBE $FSWBOUFT DPOPDJÖ MB BDUVBM $PNVOJEBE 7BMFODJB OB IBDJB DVBOEP USBT TV DBVUJWFSJP FO "SHFM MMFHÖ B 7BMFODJB IBCJFOEP IFDIP FTDBMB FO FM QVFSUP EF %FOJB "MMÑ TFHÜO SFMBUB 7JDFOUF 7JEBM $PSFMMB EFCJÖ QFSNB OFDFS NFT Z NFEJP Z DPJODJEJSÑB DPO VO HSVQP EF DPNFSDJBOUFT FO MPT RVF FODPO USBSÑB BQPZP FDPOÖNJDP QBSB jMJRVJEBS MBT DVFOUBT QFOEJFOUFT QPS TV SFTDBUFx 7BMFODJB FSB UJFSSB QSÖTQFSB BMHP RVF FM BVUPS SFGMFKÖ FO MB JNQPSUBODJB NFSDBOUJM EF MPT QVFSUPT NFEJUFSSÆOFPT 6O FKFNQMP EF FMMP MP FODPOUSBNPT FO FM QBTBKF EFM 2VJ KPUF FO FM RVF VO QSFTP SFOVODJÖ B TFS SFT DBUBEP QPSRVF jNVDIBT WFDFT IBCÑBO VTB EP EF BRVFM SFNFEJP BMHVOPT QSJODJQBMFT DBVUJWPT SFTDBUBOEP B VOP RVF GVFTF B 7B MFODJB P .BMMPSDB DPO EJOFSPT QBSB QPEFS BSNBS VOB CBSDB Z WPMWFS QPS MPT RVF MF IB CÑBO SFTDBUBEP Z OVODB IBCÑBO WVFMUPx 1PS PUSP MBEP RVFEB QBUFOUF FO MB PCSB FM IFDIP EF RVF 7BMFODJB GVFSB VO GPDP DVM UVSBM EF MB ÍQPDB &O FM DBQÑUVMP *** EF MB TF HVOEB QBSUF FM CBDIJMMFS 4BOTÖO $BSSBTDP MF EJDF B EPO 2VJKPUF RVF IBZ NÆT EF MJCSPT QVCMJDBEPT TPCSF TV IJTUPSJB Z BÕBEF jEÑHBMP FO 1PSUVHBM #BSDFMPOB Z 7BMFODJB EPOEF TF IBO JNQSFTPx


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

(SBCBEP EF MB CBUBMMB EF -FQBOUP 4VQVFTUP SFUSBUP EF $FSWBOUFT QVCMJDBEP FO FO MB FEJDJÖO GSBODFTB EFM 2VJKPUF 4VQVFTUP SFUSBUP EF $FSWBOUFT BUSJCVJEP B +VBO EF +ÆVSFHVJ 1VFSUP EF /ÆQPMFT FO FM TJHMP 97 ¨ +04° ."/6&- -6$´" .&(´"4 A-" +67&/56% %& $&37"/5&4 &%"'

Z BVO EF UPEP FM NVOEPx 6O BÕP EFTQVÍT QVTP SVNCP B &TQBÕB EFTEF /ÆQPMFT QFSP TV FNCBSDBDJÖO GVF BCPSEBEB Z BDBCÖ QSF TP FO "SHFM 5SBUÖ EF GVHBSTF WBSJBT WFDFT QFSP USBOTDVSSJSÑBO BÕPT IBTUB PCUFOFS TV BOTJBEB MJCFSUBE -MFHB B %FOJB FO Z TF EJSJHF IBTUB 7BMFODJB EPOEF EFTDBOTB EV SBOUF TFNBOBT .ÆT UBSEF FO $FSWBO CSF MBUJOP EF MB DJVEBE HSJFHB EF /BVQBD UFT QBSUJDJQB FO VOB NJTJÖO TFDSFUB FO 0SÆO UPTo jMB NÆT NFNPSBCMF Z BMUB PDBTJÖO oQMB[B FTQBÕPMB FO FM OPSUF EF ©GSJDBo 5SBT RVF WJFSPO MPT QBTBEPT TJHMPT OJ FTQFSBO TV SFHSFTP TF USBTMBEBSÑB B -JTCPB oEPOEF WFS MPT WFOJEFSPTx &TQBÕB MPT &TUBEPT FTUBCB JOTUBMBEB FO BRVFM NPNFOUP MB DPS 1POUJGJDJPT MB 3FQÜCMJDB EF 7FOFDJB MB 0S UF EF 'FMJQF **o QFSP BM OP PCUFOFS OJOHÜO EFO EF .BMUB MB 3FQÜCMJDB EF (ÍOPWB Z FM SFOEJNJFOUP EF TV FTUBODJB BDBCBSÆ EJSJ %VDBEP EF 4BCPZB oRVF DPOGPSNBCBO MB HJÍOEPTF B .BESJE 4PÕÖ DPO MBT *OEJBT QF -JHB 4BOUBo TF FOGSFOUBSPO FM EF PD SP OP MPHSÖ RVF MF EJFSBO USBCBKP QBSB QPEFS UVCSF EF FO BRVFM FTDFOBSJP DPOUSB TF FTUBCMFDFS FO UFSSJUPSJP BNFSJDBOP &O BM DVNQMJSTF FM *7 DFOUFOBSJP FM *NQFSJP UVSDP $FSWBOUFT QFSEJÖ MB NPWJMJEBE EF TV NB EF MB QVCMJDBDJÖO EF MB QSJNFSB QBSUF EFM OP J[RVJFSEB FO FM FODVFOUSP CÍMJDP 1BSB 2VJKPUF Z FM %$$- BOJWFSTBSJP EF MB GVOEB SFDVQFSBSTF EF TVT IFSJEBT GVF USBTMBEBEP DJÖO EF $JVEBE 3FBM MB 4PDJFEBE "TUSPOÖ BM IPTQJUBM EF .FTJOB oFO 4JDJMJB VO UFSSJ NJDB Z (FPHSÆGJDB EF $JVEBE 3FBM 4"($3 UPSJP DPORVJTUBEP QPS MB $PSPOB EF "SBHÖO TF QSPQVTP MB RVJKPUFTDB IB[BÕB EF BMDBO RVF NÆT UBSEF GPSNBSÑB QBSUF EFM *NQFSJP [BS MPT DPOGJOFT EF MB 5JFSSB j-MFWBOEP FTQBÕPM IBTUB FM TJHMP 97***o 6OB WF[ SFQVFT FO OVFTUSB NPDIJMB EF FYQMPSBEPS FM 2VJ UP TF BMJTUÖ EF OVFWP BM FKÍSDJUP Z WJBKÖ QPS KPUF Z MB $BSUB 1VFCMB 'VOEBDJPOBM EF $JV $FSEFÕB (ÍOPWB Z MB -PNCBSEÑB &O EBE 3FBMx FYQMJDB FM QSFTJEFOUF EF MB TVT RVFIBDFSFT NJMJUBSFT TF DPNCJOBSÆO 4"($3 .BOVFM +PTÍ $BSQJOUFSP WJBKBSPO DPO UPEP FM PDJP RVF QPEÑB QSPQPSDJPOBSMF BM FTUJMP EF MBT BOUJHVBT FYQFEJDJPOFT DJFO /ÆQPMFT oDBQJUBM EF MPT UFSSJUPSJPT IJT UÑGJDBT IBTUB 4JPSBQBMVL oFM QPCMBEP NÆT QBOPT EF *UBMJBo $FSWBOUFT DPOTJEFSBCB TFQUFOUSJPOBM EFM QMBOFUBo BTÑ DPNP B MBT RVF FTUB DJVEBE FSB jMB NFKPS EF &VSPQB CBTFT EF 6DSBOJB Z &TQBÕB

"7&/563&30 : 40#3&7*7*&/5& 5".#*°/ '6&3" %& -" 1&/´/46-" 5FYUP +VMJ "NBEFV ¬SJBT

%PO .JHVFM UVWP MB PQPSUVOJEBE EF DPOP DFS EF QSJNFSB NBOP FM 3FOBDJNJFOUP JUB MJBOP 7JBKÖ B 3PNB CVTDBOEP GPSUVOB FO "MMÑ TJSWJÖ DPNP DBNBSFSP EVSBOUF BÕPT B +VMJP "DRVBWJWB 5SBT FM OPNCSB NJFOUP EF "DRVBWJWB DPNP DBSEFOBM SFDP SSJÖ KVOUP B ÍM 7FOFDJB 'MPSFODJB .JMÆO 1BSNB P 1BMFSNP "DBCBEB TV FUBQB QBMB DJFHB TFHVJSÆ BUSBWFTBOEP *UBMJB QFSP DP NP NJFNCSP EFM FKÍSDJUP EF 6SCJOB &M JOGMVKP JUBMJBOP FO $FSWBOUFT FT JO OFHBCMF BVORVF OP TFB VO JUBMJBOJTUB DP NP PUSPT DPFUÆOFPT FTQBÕPMFT "[PSÑO oQBESF EF MB (FOFSBDJÖO EFM o TF EJSJ HÑB SFUÖSJDBNFOUF B $FSWBOUFT FO VO BS UÑDVMP QVCMJDBEP FO EJDJÍOEPMF j&O UVT WJBKFT QPS *UBMJB EFCJTUF EF USPQF[BS DPO BMHÜO FKFNQMBS EFM &MPHJP EF MB MPDV SB -MFHP B DSFFS RVF TJO FTF MJCSP EF &SBT NP UV 2VJKPUF OP FYJTUJSÑBx 6OP EF MPT FQJTPEJPT NÆT OPUBCMFT QBSB $FSWBOUFT GVF MB CBUBMMB EF -FQBOUP oOPN


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

&/53&7*45"

j$FSWBOUFT UJFOF NÆT TPDJFEBE Z GSFTDVSB RVF 4IBLFTQFBSFx %"3´0 7*--"/6&7" %JSFDUPS EF MB 3FBM "DBEFNJB &TQBÕPMB

5FYUP 7FSÖOJDB 7JDFOUF 'PUPHSBGÑB +PSHF 1BSÑT

BSÑP 7JMMBOVFWB 1SJFUP 7JMBMCB -VHP FT EFTEF FOFSP EF FM USJHÍTJNP EJSFD UPS EF MB 3FBM "DBEFNJB &TQBÕPMB 4F TJFO UB FO MB TJMMB % EF %PO 2VJKPUF VO QFSTP OBKF RVF B TV KVJDJP UJFOF NVDIP EF UPEPT OP TPUSPT DPNP FTQBÕPMFT QFSP UBNCJÍO DPNP TFSFT IVNBOPT Z RVF QPS UBOUP QFSUFOFDF B $FSWBOUFT QFSP TPCSF UPEP B MB IVNBOJEBE FOUFSB 3FDJCF B NJOVUPT FO TV EFTQBDIP EF MB 3"& QBSB SFDPSEBS MB GJHVSB EF VOP EF MPT MJUFSBUPT NÆT VOJWFSTB MFT BM DVNQMJSTF DVBUSP TJHMPT EF MB NVFSUF EFM JOTJHOF FTDSJUPS 6TUFE JOHSFTÖ FO MB 3"& FO DPO VO EJTDVSTP TPCSF FM 2VJKPUF %F UPEBT MBT MFDDJPOFT DFSWBOUJOBT RVF BQBSFDFO FO FTUB PCSB {DVÆM EJSÑB RVF FT TV GBWPSJUB -B DPNQSFOTJÖO EF MB IVNBOJEBE FO UPEBT TVT DPOUSBEJD DJPOFT FTB FT QBSB NÑ MB HSBO MFDDJÖO EFM 2VJKPUF {2VÍ IB TVQVFTUP MB GJHVSB EF $FSWBOUFT FO FM EFTBSSPMMP Z MB FYQBOTJÖO EFM JEJPNB FTQBÕPM FO UPEP FM NVOEP )B UFOJEP VOB JOGMVFODJB FYUSBPSEJOBSJB IBTUB FM FYUSFNP EF RVF IPZ FO EÑB DPNP TJOÖOJNP EF MB QBMBCSB jFTQBÕPMx TF VUJMJ[B MB


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

RVF FSB FM QPSDFOUBKF EF MFDUVSB EFM 2VJKPUF FO MB ÍQPDB FO RVF 6OBNVOP FTDSJCF MB 7JEB EF EPO 2VJKPUF Z 4BODIP QPS FKFNQMP : TJO FNCBSHP $FSWBOUFT UFOÑB VO DP OPDJNJFOUP WBTUP Z QSPGVOEP EF MB MFO HVB QFSP VO VOJWFSTJUBSJP BDUVBM UJFOF RVF SFDVSSJS BM EJDDJPOBSJP QBSB MFFSMPy &M FTQBÕPM IB FWPMVDJPOBEP NVDIP EFTEF QSJODJQJPT EFM TJHMP 97** FT VO QSPCMFNB EF WPDBCMPT FO EFTVTP : UBNCJÍO FT VO QSPCMF NB EF MB SJRVF[B MJOHÞÑTUJDB EFM 2VJKPUF QPS RVF TF USBUB EF VO MJCSP j1BSB EPOEF FTUÆO UPEPT MPT $FSWBOUFT MB FTUSBUPT EF MB MFOHVB $FSWBOUFT UFOÑB VOB IVNBOJEBE NFNPSJB GBCVMPTB Z VO FSB EJHOB EF PÑEP QSPEJHJPTP EF TFS FOUFOEJEB NBOFSB RVF B MP MBSHP DPNQSFOEJEB EF UPEBT TVT BOEBO[BT FO TVT GBMMPT Z QPS &TQBÕB TF RVFEÖ MJNJUBDJPOFTx DPO MB NBOFSB EF IB CMBS EF HFOUF NVZ WB SJBEB &O FM 2VJKPUF IB j&M A2VJKPUF CMBO EVRVFT MBCSJFHPT FT VOB PCSB DVSBT CBOEJEPT CBDIJ HFOJBM QPS FTB MMFSFT QPSRVFSPT QBT UPSFT DBCBMMFSPT CVS QPMJGPOÑB EF WPDFT B NPEP HVFTFTy &T VOB PCSB HFOJBM QPSRVF TVQPOF EJÆMPHPx VOB QPMJGPOÑB EF WPDFT B NPEP EF EJÆMPHP QPS FTP MBT QBMBCSBT NÆT VUJMJ[BEBT FO FM 2VJKP UF Z IBZ VO FTUVEJP TPCSF FTUP TPO jEJKPx Z jSFTQPOEJÖx &M DSÑUJDP OPSUFBNFSJDBOP )B SPME #MPPN HSBO FTQFDJBMJTUB FO 4IBLFTQFB SF IB EJDIP RVF IBZ BMHP FO MP RVF $FSWBO UFT MF HBOB BM JOHMÍT Z FT RVF MPT QFSTPOBKFT EF 4IBLFTQFBSF TPO TJFNQSF HSBOEFT TP MJUBSJPT QPSRVF TF FYQSFTBO B USBWÍT EF MPT NPOÖMPHPT NJFOUSBT RVF MPT QFSTPOBKFT FO FM 2VJKPUF TF FYQSFTBO Z TF DPOTUSVZFO B TÑ NJTNPT B USBWÍT EFM EJÆMPHP {)BZ NÆT TPDJPMPHÑB FO $FSWBOUFT )BZ NÆT TPDJFEBE NÆT GSFTDVSB &O VO MJ CSP DMÆTJDP EF UFPSÑB MJUFSBSJB .JNFTJT FYQSFTJÖO jMB MFOHVB EF $FSWBOUFTx &T FM EF &SJDI "VFSCBDI FM BVUPS EJDF RVF BM DPN FTDSJUPS QPS BOUPOPNBTJB EF MB MFOHVB FTQB QBSBS MB MJUFSBUVSB JOHMFTB DPO MB FTQBÕPMB EF ÕPMB : FO FTUP JOGMVZF NVDIP RVF MP TFB FO MB ÍQPDB QBSFDF RVF MB FTQBÕPMB FT NÆT SFB DPOTJEFSBDJÖO EF UPEPT MPT FTQBÕPMFT QFSP MJTUB QPSRVF MB TPDJFEBE FTQBÕPMB UBNCJÍO UBNCJÍO FO DPOTJEFSBDJÖO EF UPEPT MPT RVF MP FSB " MP RVF TF SFGJFSF FT RVF MB OVFTUSB IBCMBO FTQBÕPM 1BÑTFT DPNP .ÍYJDP TPO FSB FOUSF DPNJMMBT VOB TPDJFEBE NÆT EFNP BCBOEFSBEPT FO FM SFDPOPDJNJFOUP FM BQMBV DSÆUJDB Z MB MJUFSBUVSB TF BDFSDBCB NÆT B FTF TP MB NFNPSJB Z MB MFDUVSB EF $FSWBOUFT EFNPDSBUJTNP EF MB TPDJFEBE RVF SFGMFKB &O &M 2VJKPUF DPNP PCSB EF SFGFSFODJB EF FTUP MB PCSB EFNPDSÆUJDB QPS FYDFMFODJB OVFTUSB MJUFSBUVSB {FTUÆ TPCSFWBMPSBEP FT FM 2VJKPUF QPSRVF MF EB WP[ B FTB QBOPQMJB .F SFGJFSP B RVF FT VOB PCSB RVF NVDIPT DPNQMFUÑTJNB EF QFSTPOBKFT EF EJWFSTBT QSP DPOPDFO QFSP RVF OP UBOUPT IBO MFÑEP DFEFODJBT NPSJTDPT NVDIBDIPT FTDMB 1SPCBCMFNFOUF TÑ QFSP FO DPOUSB EF MP RVF TF WJ[BEPT UJUJSJUFSPT QSPTUJUVUBTy Z UPEBT MBT DSFF OVODB TF IB MFÑEP UBOUP DPNP BIPSB WPDFT FTUÆO USBUBEBT DPO FTB DPNQSFTJÖO IV 5FOFNPT JEFBMJ[BEB MB ÍQPDB EFM 3FOBDJNJFO NBOÑTUJDB B MB RVF BOUFT NF SFGFSÑB -B IV UP FO MB RVF QBSFDF RVF UPEP FM NVOEP FSB DVM NBOJEBE QBSB $FSWBOUFT FSB EJHOB EF TFS FO UÑTJNP QFSP FOUPODFT MFÑBO DVBUSP HBUPT MB UFOEJEB DPNQSFOEJEB JODMVTP FO TVT DPO NBZPSÑB EF MB QPCMBDJÖO FSB BOBMGBCFUB Z MB DJS USBEJDDJPOFT TVT GBMMPT Z TVT MJNJUBDJPOFT DVMBDJÖO EF MPT MJCSPT FSB FOPSNFNFOUF MJ &O MPT DPMFHJPT TF MFFO GSBHNFOUPT EFM NJUBEB FSBO VO QSPEVDUP EF MVKP :P DSFP RVF MJCSP QFSP OP TF FTUVEJB MB WJEB EF $FS BVORVF FYJTUFO FTUBEÑTUJDBT RVF B WFDFT EJDFO WBOUFT OJ UBNQPDP FM SFTUP EF TV PCSB RVF TPMP VO QPSDFOUBKF NVZ MJNJUBEP EF FTQB 4J IBZ RVF DPODFOUSBS FTGVFS[PT FO UPSOP ÕPMFT IB MFÑEP FM 2VJKPUF MP DJFSUP FT RVF FTP B MB PCSB EF $FSWBOUFT FO FM TJTUFNB FEV IBZ RVF WFSMP FO GVODJÖO EF MPT NJMMPOFT EF DBUJWP QSFGJFSP RVF TF DPODFOUSFO FO FM 2VJ IBCJUBOUFT EF IPZ FO EÑB Z DPNQBSBSMP DPO MP KPUF QPSRVF FT VO NPOVNFOUP RVF EFKÖ FM

SFTUP EF MB PCSB EF $FSWBOUFT FO VO MVHBS NVZ TFDVOEBSJP Z OP EF NBOFSB JOKVTUB $FSWBOUFT OP TPMP FTDSJCF VOB PCSB DSFB VO DPODFQUP RVJKPUF RVJKPUFTDP {&T UP IB JOGMVJEP FO OVFTUSB GPSNB EF TFS -B DSFBDJÖO EF VOB GJHVSB DPNP EPO 2VJKPUF OP EFQFOEF FYDMVTJWBNFOUF EF MB JNBHJOB DJÖO EFM BVUPS TJOP RVF QVEP IBCFS JOTQJSB DJÖO FO FKFNQMPT DPODSFUPT EF QFSTPOBT P BD UJUVEFT RVF FTUBCBO FO FM FOUPSOP EF $FSWBO UFT FO MB &TQBÕB EFM 97* Z 97** :P DSFP RVF FGFDUJWBNFOUF IBZ VO DJFSUP RVJKPUJTNP FO EF UFSNJOBEPT DPNQPSUBNJFOUPT FTQBÕPMFT EF MB ÍQPDB Z RVF $FSWBOUFT TVQP DPOWFSUJS FTPT SBTHPT FO VO BVUÍOUJDP NJUP RVF IB UFOJEP QSPZFDDJÖO NÆT BMMÆ EF OVFTUSBT GSPOUFSBT 2VJKPUFT QVFEF IBCFSMPT FO &TQBÕB P FO DVBM RVJFS MVHBS FT EFDJS QFSTPOBT RVF WJWFO FO VOB UFOTJÖO DPOTUBOUF FOUSF TVT TVFÕPT Z MB SFBMJEBE QFSTPOBT B RVJFOFT MB SFBMJEBE MFT SFTVMUB QFRVFÕB P JODÖNPEB Z RVF RVJFSFO MVDIBS QPS DBNCJBSMB &TF FT VO NJUP NVZ QSPGVOEP NVZ IVNBOP QPS MP UBOUP WPM WFNPT B FTF HSBO QSJODJQJP EFM IVNBOJTNP DFSWBOUJOP EFM RVF IBCMÆCBNPT {1PS FTP MB PCSB IB TVQFSBEP MBT CBSSF SBT DVMUVSBMFT EF 0DDJEFOUF Z SFTVMUB DPNQSFOTJCMF Z BQMJDBCMF B MPT WBMPSFT EF PUSBT DJWJMJ[BDJPOFT $MBSP QPSRVF FM RVJKPUJTNP FT VOB GPSNB EF FYQSFTBS MB DPOEJDJÖO IVNBOB NVZ QBSUJ DVMBS RVF TF EB FO &TQBÕB QFSP RVF DPOT UJUVZF VO NJUP VOJWFSTBM &O DPOUSB EF RVJF OFT DPOTUBOUFNFOUF FTUÆO IBCMBOEP EF MBT JEFOUJEBEFT DPNP DFMEBT RVF OPT TFQBSBO MB QBMBCSB jJEFOUJEBEx WJFOF EF JEÍOUJDP Z MP JEÍOUJDP FT MP QBSFDJEP MP DPNÜO MP TJNJ MBS Z MB DPOEJDJÖO IVNBOB FT JEÍOUJDB &M 2VJKPUF TV MFDUVSB TV FTUVEJP TV BOÆ MJTJTy {OPT IBDF NFKPSFT DPNP QFSTPOBT &TUPZ DPOWFODJEP &M 2VJKPUF FT VO MJCSP TB CJP TBQJFODJBM RVF OPT BZVEB B DPOPDFS OPT NFKPS Z B DPOPDFS NFKPS B MPT EFNÆT {4F MF PDVSSF BMHÜO QFSTPOBKF IPZ RVF QV EJFSB TFS VOB TVFSUF EF 2VJKPUF NPEFSOP :P NF FODVFOUSP DPOUJOVBNFOUF DPO QFS TPOBT RVF UJFOFO FTF TFOUJEP RVJKPUFTDP EF MB WJEB .J QBESF FSB KVF[ Z VOB EF MBT MFDDJP OFT RVF DPOTFSWP EF ÍM FT RVF IBDÑB VOB JOUFSQSFUBDJÖO EF MB KVTUJDJB EF JOTQJSBDJÖO BCTPMVUBNFOUF MFHBM QFSP BM NJTNP UJFNQP RVJKPUFTDB EF DPNQSFOTJÖO EF MB DPOEJDJÖO IVNBOB Z EF EBS B DBEB VOP MP RVF MF DPSSFT QPOEÑB : PUSB MFDDJÖO RVF UBNCJÍO FTUÆ FO FM 2VJKPUF )BZ VO NPNFOUP FO RVF FM IJEBM HP MF EJDF B 4BODIP j/P FT VO IPNCSF NÆT RVF PUSP TJ OP IBDF NÆT RVF PUSPx &T EF DJS RVF MBT BDDJPOFT OPT EFGJOFO "OUFT NFODJPOÖ MB JNQPSUBODJB EF $FS WBOUFT FO VO QBÑT DPNP .ÍYJDP 4J IPZ WJ WJFSB {RVÍ DSFF RVF QFOTBSÑB EF 5SVNQ <1JFOTB> &TUP FT IBDFS TVQPTJDJPOFT QFSP ZP B %POBME 5SVNQ OP MP WFP FO FM HSVQP EF MPT JEFBMFT RVJKPUFTDPT NÆT CJFO MP WFP FO MBT BOUÑQPEBT &O QBSUF ZP MP SFMBDJPOBSÑB DPO MPT EVRVFT EF MB TFHVOEB QBSUF EFM 2VJKP UF RVF FSBO GSÑWPMPT DMBTJTUBT Z EFTQSFDJB UJWPT &T VO QFSTPOBKF BM RVF EPO 2VJKPUF QSPCBCMFNFOUF FNCFTUJSÑB DPNP FNCJTUJÖ B MPT NPMJOPT DSFZFOEP RVF FSBO HJHBOUFT


àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

*NBHFO EFM JOUFSJPS EF MB TBMB EF MB CJCMJPUFDB BDBEÍNJDB EF MB 3FBM "DBEFNJB &TQBÕPMB 3"&

'6/%"$*¹/ 130 3&"- "$"%&.*" &41"¸0-"

FSVEJUPT

"- 4&37*$*0 %&- *%*0." $&37"/5*/0

5FYUP 7FSÖOJDB 7JDFOUF

O FM JOUFSJPS EFM QBMBDJFHP TBMÖO EF QMFOPT EF MB 3FBM "DBEFNJB &TQBÕPMB 3"& MBT DÆ MJEBT MVDFT QFSNBOFDFO BQBHBEBT Z TJ MMBT BHVBSEBO TJMFODJPTBT B MPT BDBEÍNJDPT RVF MBT PDVQBO EF GPSNB WJUBMJDJB 4PMP PDIP TPO NVKFSFT EPT EF FMMBT $MBSB +BOÍT TJMMB 6 Z 1B[ #BUUBOFS TJMMB T IBO TJEP FMFHJEBT SFDJFOUFNFOUF TJO FNCBSHP UPEBWÑB jOP BTJTUFO BM QMFOP OJ QBSUJDJQBO FO MBT WP UBDJPOFT QVFTUP RVF FTUÆO QFOEJFOUFT EF MFFS TV EJTDVSTP EF JOHSFTP B MB "DBEFNJBx FYQMJDB VO QPSUBWP[ EF MB DFOUFOBSJB JOT UJUVDJÖO 4VT OPNCSFT DPNQMFUBO IPZ VO MJTUBEP EF QFSTPOBMJ EBEFT JOTJHOFT EPT QMB[BT FTUÆO WBDBOUFT QFSP TF DPOWPDBSÆO QSÖ

YJNBNFOUF FODBSHBEBT EF MMFWBS B DBCP TF NBOB B TFNBOB FM QSPQÖTJUP DPO FM RVF OB DJÖ MB 3"& VO NFT EF KVOJP EF USBCB KBS BM TFSWJDJP EFM JEJPNB FTQBÕPM %F UBNBÕB FGFNÍSJEF TF DVNQMJFSPO BÕPT FO 'VOEBEB FO .BESJE CB KP FM SFJOBEP EF 'FMJQF 7 Z QPS JOJDJBUJWB EF +VBO .BOVFM 'FSOÆOEF[ 1BDIFDP Z ;Ü ÕJHB PDUBWP NBSRVÍT EF 7JMMFOB MB JOTUJ UVDJÖO TF JOTQJSÖ FO FM NPEFMP EF MB "DB EFNJB 'SBODFTB Z EFTEF TV DSFBDJÖO TF NBSDÖ DPNP PCKFUJWP FTFODJBM MB FMBCPSB DJÖO EF VO EJDDJPOBSJP EF MB MFOHVB DBT UFMMBOB jFM NÆT DPQJPTP RVF QVEJFSB IB DFSTFx JOEJDB MB NJTNB GVFOUF &TUP TF IJ[P SFBMJEBE DPO MB QVCMJDBDJÖO EFM %JDDJPOBSJP EF BVUPSJEBEFT FEJUBEP FO USF Z %FTEF FOUPODFT MB 3"& TF IB EFEJDBEP B QSFTFSWBS oNFEJBOUF TVT BDUJWJEBEFT PCSBT Z QVCMJDBDJPOFTo FM CVFO VTP Z MB VOJEBE EF VOB MFOHVB FO QFSNB OFOUF FWPMVDJÖO SFOPWBDJÖO Z FYQBOTJÖO 6O JNQPSUBOUF QVOUP EF JOGMFYJÖO FO TV SFDPSSJEP MMFHÖ FO .ÍYJDP FO FM BÕP DVBOEP TF DPOGPSNÖ MB "TPDJBDJÖO EF "DBEFNJBT EF MB -FOHVB &TQBÕPMB "4"-& JOUFHSBEB FO MB BDUVBMJEBE QPS MBT BDBEFNJBT EF MB MFOHVB FTQBÕPMB FYJTUFOUFT FO FM NVOEP Z DVZB TFEF QFS NBOFOUF TF FODVFOUSB FO .BESJE $P NJFO[B FOUPODFT B EFTBSSPMMBSTF VOB QP MÑUJDB MJOHÞÑTUJDB RVF JNQMJDB MB DPMBCPSB DJÖO EF MBT EJGFSFOUFT BDBEFNJBT FO &TQBÕB "NÍSJDB Z 'JMJQJOBT DPO FM GJO EF


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

-PT QBUSPOPT EF MB 'VOEBDJÖO QSP 3"& &M 1BUSPOBUP EF MB 'VOEBDJÖO QSP 3"& IB EF FTUBS GPSNBEP QPS VO NÑOJNP EF Z VO NÆYJNP EF NJFNCSPT 'JHVSBO FOUSF FMMPT FM EJSFDUPS EF MB "DBEFNJB Z EPT BDBEÍNJDPT EF OÜNFSP 13&4*%&/5& %& )0/03

4V NBKFTUBE FM SFZ 'FMJQF 7* 13&4*%&/5&

% -VJT .BSÑB -JOEF EF $BTUSP HPCFSOBEPS EFM #BODP EF &TQBÕB 7*$&13&4*%&/5&

% %BSÑP 7JMMBOVFWB EJSFDUPS EF MB 3FBM "DBEFNJB &TQBÕPMB 4&$3&5"3*0

% 3JDBSEP .BSUÑ 'MVYÆ QSFTJEFOUF EF *OEVTUSJB EF 5VSCP 1SPQVMTPSFT *51 70$"-&4 % (VJMMFSNP 'FSOÆOEF[ 7BSB QSFTJEFOUF EF MB +VOUB EF &YUSFNBEVSB % "MCFSUP /ÜÕF[ 'FJKÖP QSFTJEFOUF EF MB 9VOUB EF (BMJDJB % +PTÍ *HOBDJP $FOJDFSPT (PO[ÆMF[ QSFTJEFOUF EFM (PCJFSOP EF -B 3JPKB % 7ÑDUPS (BSDÑB EF MB $PODIB EJSFDUPS IPOPSBSJP EF MB 3FBM "DBEFNJB &TQBÕPMB % +PTÍ # 5FSDFJSP BDBEÍNJDP EF MB 3FBM "DBEFNJB &TQBÕPMB % +PTÍ .BSÑB ©MWBSF[ 1BMMFUF -ÖQF[ QSFTJEFOUF EF 5FMFGÖOJDB % +PTÍ 3BNÖO ©MWBSF[ 3FOEVFMFT WJDFQSFTJEFOUF EF "SDFMPS.JUUBM &TQBÕB % "OB #PUÑO QSFTJEFOUB EFM 4BOUBOEFS % "OUPOJP #SVGBV /JVCÖ QSFTJEFOUF EF 3FQTPM % *TJESF 'BJOÍ $BTBT QSFTJEFOUF EF -B $BJYB % *HOBDJP (BSSBMEB 3VJ[ EF 7FMBTDP QSFTJEFOUF EF (SVQP .VUVB .BESJMFÕB % +PTÍ *HOBDJP (PJSJHPM[BSSJ QSFTJEFOUF EF #BOLJB % 'SBODJTDP (PO[ÆMF[ 3PESÑHVF[ QSFTJEFOUF EF ##7" % .BOVFM .BSÑO (PO[ÆMF[ QSFTJEFOUF EF 'VOEBDJÖO *CFSESPMB % .BSUB .BSUÑOF[ "MPOTP QSFTJEFOUB EF *#. &TQBÕB % *HOBDJP EF 1PMBODP .PSFOP QSFTJEFOUF EF IPOPS EF (SVQP 1SJTB % #PSKB 1SBEP QSFTJEFOUF EF &OEFTB % .BSJBOP 1VJH 1MBOBT QSFTJEFOUF EF MB 'VOEBDJÖO 1VJH % +VBO .JHVFM 7JMMBS .JS QSFTJEFOUF EF 0CSBTDÖO )VBSUF -BJO % 4BOUJBHP :CBSSB Z $IVSSVDB QSFTJEFOUF EF IPOPS EF 7PDFOUP (&3&/5& % .BS "MCFSUP 3PESÑHVF[

GJKBS MB OPSNB DPNÜO TPCSF MÍYJDP HSBNÆ UJDB Z PSUPHSBGÑB QBSB MPT IJTQBOPIBCMBOUFT 5SBT MPT TJHMPT MB JOTUJUVDJÖO IB JEP BEBQ UBOEP TVT GVODJPOFT B MBT FYJHFODJBT Z OFDF TJEBEFT EF MB TPDJFEBE EF TV UJFNQP -PT FT UBUVUPT WJHFOUFT FTUBCMFDFO DPNP PC KFUJWP jWFMBS QPS RVF MB MFOHVB FTQBÕPMB FO TV DPOUJOVB BEBQUBDJÖO B MBT OFDFTJEBEFT EF MPT IBCMBOUFT OP RVJFCSF TV FTFODJBM VOJEBEx &TUF DPNQSPNJTP TF IB QMBTNBEP FO MB EFOP NJOBEB QPMÑUJDB MJOHÞÑTUJDB QBOIJTQÆOJDB "EFNÆT MB "DBEFNJB PGSFDF VO TFSWJDJP EF DPOTVMUBT MJOHÞÑTUJDBT HSBUVJUP B USBWÍT EFM %FQBSUBNFOUP EF j&TQBÕPM BM EÑBx RVF SF TVFMWF VOB NFEJB EF EVEBT EJBSJBT EF IJT QBOPIBCMBOUFT EF UPEP FM NVOEP -B 3"& TF PSHBOJ[B FO QMFOP Z FO DPNJ TJPOFT RVF TF SFÜOFO QFSJÖEJDBNFOUF &M QMFOP TF PDVQB EF MPT BTVOUPT HFOFSBMFT SF MBDJPOBEPT DPO MB BDUJWJEBE BDBEÍNJDB Z MB FMBCPSBDJÖO Z SFWJTJÖO EF MBT PCSBT Z QSPZFD UPT FO DVSTP Z FTUÆ JOUFHSBEP QPS UPEPT MPT NJFNCSPT EF OÜNFSP $PNP FO UJEBE QSJWBEB MB 3"& OP EFQFOEF EF MB "ENJOJTUSBDJÖO QFSP TV GJOBODJB DJÖO FT NJYUB &M &T NJMMPOFT EF UBEP B USBWÍT EF MPT DPOTVMUBT FO MÑOFB 1SFTVQVFTUPT (FOF {4BCSÑB FM MFDUPS SBMFT EFTUJOB VOB EFDJS MB ÜMUJNB WF[ BQPSUBDJÖO B MB "DB RVF CVTDÖ FM TJHOJGJ EFNJB RVF FTUF BÕP DBEP EF VOB QBMBCSB IB TJEP EF NJMMP FO VO EJDDJPOBSJP FO OFT EF FVSPT oVOB QBQFM -B DBOUJEBE jRVF TF IB FEJDJÖO EFM SFEVDJEP DPOTJEF %JDDJPOBSJP EF MB SBCMFNFOUF FO MPT MFOHVB FTQBÕPMB ÜMUJNPT BÕPTx FY QVCMJDBEB FO Z QMJDB FM QPSUBWP[o EJTQPOJCMF HSBUJT FO 4J CJFO MB NBZPS MÑOFB EFTEF PDUVCSF QBSUF EF MPT JOHSF EF DPO FM TPT QSPWJFOFO EF QBUSPDJOJP EF MB TVT QSPQJBT BDUJWJ 0CSB 4PDJBM MB $BJYB EBEFT FEJDJÖO EF SFDJCJÖ FO NBS[P VO PCSBT BDBEÍNJDBT UPUBM EF BTÑ DPNP EF QBUSPDJ DPOTVMUBT -BT OJPT Z EPOBDJPOFT QBMBCSBT NÆT CVTDBEBT GVFSPO QSJWBEBT "RVÑ FOUSB FO BOPEJOP SFTJMJFODJB KVFHP MB 'VOEBDJÖO BNPS GFNJOJTNP QSP 3"& RVF EFT FTUBEP DJFODJB EF SFTQBMEB EFSFDIP CJ[BSSP MBT BDUJWJEBEFT EF DVMUVSB SFTQFUP MB JOTUJUVDJÖO -B Z DPODJFODJB DPOGPSNBO UPEBT MBT QFSTPOBT Z FOUJEBEFT QÜCMJDBT Z QSJ WBEBT RVF DPMBCPSBO BTJEVBNFOUF DPO FMMB )BZ EJWFSTPT UJQPT EF CFOFGBDUPSFT TVT BQPSUBDJPOFT FO TVT EJTUJOUBT NPEBMJEB EFT TPO GVOEBNFOUBMFT QBSB FM EFTBSSPMMP EF MPT NÜMUJQMFT USBCBKPT BDBEÍNJDPT &M NBZPS SFUP RVF IPZ BGSPOUB MB "DBEF NJB FT MB QSÖYJNB FEJDJÖO EFM %JDDJPOBSJP EF MB MFOHVB FTQBÕPMB MB WJHFTJNPDVBSUB RVF TFSÆ jVOB PCSB EF OVFWB QMBOUB DPODFCJEB EFTEF FM JOJDJP DPNP VO EJDDJPOBSJP EJHJUBM BVORVF QVFEB UFOFS VOB WFSTJÖO FO QBQFMx

6/ #64$"%03 63(&/5& 1"3" 4"-*3 %& %6%"4 5FYUP 7 7JDFOUF

1FSJPEJTUBT GJMÖMPHPT MJOHÞJTUBT MFYJDÖ HSBGPT PSUPUJQÖHSBGPT DPSSFDUPSFT Z USB EVDUPSFT GPSNBO FM FRVJQP EF MB 'VOEB DJÖO EFM &TQBÕPM 6SHFOUF 'VOEÍV ##7" VOB JOTUJUVDJÖO TJO ÆOJNP EF MVDSP DPO FM PCKFUJWP EF JNQVMTBS FM CVFO VTP EFM FT QBÕPM FO MPT NFEJPT EF DPNVOJDBDJÖO /B DJÖ FO FM BÕP GSVUP EF VO BDVFSEP FO USF MB "HFODJB &GF Z FM ##7" Z USBCBKB BTF TPSBEB QPS MB 3FBM "DBEFNJB .FEJBOUF SFDPNFOEBDJPOFT Z SFT QVFTUBT B MBT DPOTVMUBT EJBSJBT RVF SFDJ CFO QSFUFOEFO TFS VOB IFSSBNJFOUB EF BZVEB QBSB UPEPT BRVFMMPT RVF VUJMJ [BO FM JEJPNB FO TV BDUJWJEBE EJBSJB FO QSFOTB SFEFT TPDJBMFT OVFWBT QMBUB GPSNBT EJHJUBMFTy &M TFSWJDJP EF DPOTVM UBT EF MB 'VOEÍV TF DFOUSB FO MB SFTPMV DJÖO EF UPEP UJQP EF EVEBT TPCSF DVFTUJP OFT MJOHÞÑTUJDBT QPS DPSSFP FMFDUSÖOJDP QPS UFMÍGPOP Z B USBWÍT EF MBT SFEFT

*NBHFO EF WBSJBT FEJDJPOFT EFM .BOVBM EF FTQBÕPM VSHFOUF '6/%°6

&M .BOVBM EF FTQBÕPM VSHFOUF IB TJ EP EFTEF TV QVCMJDBDJÖO FO VO SFGF SFOUF QBSB RVJFOFT UJFOFO FM FTQBÕPM DP NP JOTUSVNFOUP EF USBCBKP -B OVFWB FEJ DJÖO BDUVBMJ[BEB Z SFWJTBEB FT GSVUP EFM USBCBKP EF MB 'VOEÍV FO TV BOÆMJTJT EF MPT NFEJPT NBUFSJBMJ[BEP FO TVT SFDPNFOEB DJPOFT RVF CVTDBO FM FRVJMJCSJP FOUSF VO FTQBÕPM WJWP Z BDUVBM oBUFOUP BM SFUP EF MBT JOOPWBDJPOFT UFDOPMÖHJDBTo Z MB SJRVF[B IFSFEBEB EF TVT TJHMPT EF IJTUPSJB -B QSFTJEFODJB FKFDVUJWB DPSSFTQPOEF BM EJSFDUPS EF MB 3"& %BSÑP 7JMMBOVFWB Z MB HFTUJÖO B TV EJSFDUPS HFOFSBM +PBRVÑO .VMMFS 5IZTTFO #FSHBSFDIF -B 'VOEB DJÖO DVFOUB BEFNÆT DPO MB BZVEB EF VO $POTFKP "TFTPS GPSNBEP QPS QFSTPOBMJ EBEFT EFM NVOEP EF MB MFOHVB FM QFSJP EJTNP Z PUSPT ÆNCJUPT RVF TF SFÜOF RVJO DFOBMNFOUF QBSB BOBMJ[BS MPT BTVOUPT MJO HÞÑTUJDPT EF NBZPS DPNQMFKJEBE


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

A%0/ 26*+05& %& -" ."/$)" $"1´56-0 *

MBT IFSJEBT RVF EPO #FMJBOÑT EBCB Z SFDFCÑB QPSRVF TF JNBHJOBCB RVF QPS HSBOEFT NBFTUSPT RVF MF IVCJFTFO DV SBEP OP EFKBSÑB EF UFOFS FM SPTUSP Z UPEP FM DVFSQP MMFOP EF DJDBUSJDFT Z TFÕBMFT 1FSP DPO UPEP BMBCBCB FO TV BVUPS BRVFM BDBCBS TV MJCSP DPO MB QSPNFTB EF BRVFMMB JOBDBCB CMF BWFOUVSB Z NVDIBT WFDFT MF WJOP EFTFP EF UPNBS MB QMV NB Z EBMMF GJO BM QJF EF MB MFUSB DPNP BMMÑ TF QSPNFUF Z TJO EVEB BMHVOB MP IJDJFSB Z BVO TBMJFSB DPO FMMP TJ PUSPT NB ZPSFT Z DPOUJOVPT QFOTB NJFOUPT OP TF MP FTUPSCBSBO 5VWP NVDIBT WFDFT DPNQF UFODJB DPO FM DVSB EF TV MVHBS RVF FSB IPNCSF EPDUP HSB EVBEP FO $JHÞFO[B TPCSF DVÆM IBCÑB TJEP NFKPS DBCB MMFSP 1BMNFSÑO EF *OHBMBUFSSB P "NBEÑT EF (BVMB NBT NBF TF /JDPMÆT CBSCFSP EFM NFT NP QVFCMP EFDÑB RVF OJO HVOP MMFHBCB BM $BCBMMFSP EFM 'FCP Z RVF TJ BMHVOP TF MF QP EÑB DPNQBSBS FSB EPO (BMBPS IFSNBOP EF "NBEÑT EF (BV MB QPSRVF UFOÑB NVZ BDPNP EBEB DPOEJDJÖO QBSB UPEP RVF OP FSB DBCBMMFSP NFMJO ESPTP OJ UBO MMPSÖO DPNP TV IFSNBOP Z RVF FO MP EF MB WB MFOUÑB OP MF JCB FO [BHB &O SFTPMVDJÖO ÍM TF FO GSBTDÖ UBOUP FO TV MFUVSB RVF TF MF QBTBCBO MBT OPDIFT MF ZFOEP EF DMBSP FO DMBSP Z MPT "TÑ BSSBODB VOP EF MPT EÑBT EF UVSCJP FO UVSCJP Z BTÑ UFYUPT NÆT GBNPTPT EF EFM QPDP EPSNJS Z EFM NVDIP MB MJUFSBUVSB VOJWFSTBM MFFS TF MF TFDÖ FM DFMFCSP EF FM DBQÑUVMP QSJNFSP EF NBOFSB RVF WJOP B QFSEFS FM &M JOHFOJPTP IJEBMHP KVJDJP -MFOÖTFMF MB GBOUBTÑB EF EPO 2VJKPUF EF MB UPEP BRVFMMP RVF MFÑB FO MPT MJ .BODIB FTDSJUP QPS CSPT BTÑ EF FODBOUBNFOUPT .JHVFM EF $FSWBOUFT DPNP EF QFOEFODJBT CBUB 4BBWFESB jRVF USBUB MMBT EFTBGÑPT IFSJEBT SFRVJF EF MB DPOEJDJÖO Z CSPT BNPSFT UPSNFOUBT Z FKFSDJDJP EFM GBNPTP Z EJTQBSBUFT JNQPTJCMFT Z WBMJFOUF IJEBMHPx BTFOUÖTFMF EF UBM NPEP FO MB &O MBT TJHVJFOUFT JNBHJOBDJÖO RVF FSB WFSEBE QÆHJOBT EF FTUF UPEB BRVFMMB NÆRVJOB EF FTQFDJBM DFSWBOUJOP BRVFMMBT TPÕBEBT JOWFODJPOFT RVF MFÑB RVF QBSB ÍM OP IB SFQSPEVDJNPT CÑB PUSB IJTUPSJB NÆT DJFSUB FO FM UFYUP DPNQMFUP EFM FM NVOEP %FDÑB ÍM RVF FM $JE QSJNFS FQJTPEJP UBM Z 3VZ %ÑB[ IBCÑB TJEP NVZ DPNP BQBSFDF FO MB CVFO DBCBMMFSP QFSP RVF OP FEJDJÖO EF +VBO EF MB UFOÑB RVF WFS DPO FM $BCBMMFSP $VFTUB FO FOFSP EF MB "SEJFOUF &TQBEB RVF EF EFM BÕP TPMP VO SFWÍT IBCÑB QBSUJEP QPS NFEJP EPT GJFSPT Z EFTDP NVOBMFT HJHBOUFT .FKPS FTUBCB DPO #FSOBSEP EFM $BSQJP QPSRVF FO 3PODFTWBMMFT IBCÑB NVFSUP B 3PMEÆO FM FO DBOUBEP WBMJÍOEPTF EF MB JOEVTUSJB EF )ÍSDVMFT DVBOEP BIPHÖ B "OUFP FM IJKP EF MB 5JFSSB FOUSF MPT CSB[PT %FDÑB NVDIP CJFO EFM HJHBOUF .PSHBOUF QPSRVF DPO TFS EF BRVF

&O VO MVHBS EF MB .BODIB EF DVZP OPNCSF OP RVJFSP BDPSEBSNF OP IB NVDIP UJFNQP RVF WJWÑB VO IJEBMHP EF MPT EF MBO[B FO BTUJMMFSP BEBSHB BOUJHVB SPDÑO GMBDP Z HBMHP DPSSFEPS 6OB PMMB EF BMHP NÆT WBDB RVF DBSOFSP TBMQJDÖO MBT NÆT OPDIFT EVFMPT Z RVFCSBOUPT MPT TÆCBEPT MBOUFKBT MPT WJFS OFT BMHÜO QBMPNJOP EF BÕBEJEVSB MPT EPNJOHPT DPOTV NÑBO MBT USFT QBSUFT EF TV IBDJFOEB &M SFTUP EFMMB DPODMVÑBO TBZP EF WFMBSUF DBM[BT EF WFMMVEP QBSB MBT GJFTUBT DPO TVT QBOUVGMPT EF MP NFTNP Z MPT EÑBT EF FOUSFTFNBOB TF IPOSBCB DPO TV WFMMPSÑ EF MP NÆT GJOP 5FOÑB FO TV DBTB VOB BNB RVF QBTBCB EF MPT DVBSFOUB Z VOB TPCSJOB RVF OP MMFHBCB B MPT WFJOUF Z VO NP[P EF DBNQP Z QMB[B RVF BTÑ FOTJMMBCB FM SPDÑO DPNP UPNBCB MB QPEBEFSB 'SJTBCB MB FEBE EF OVFTUSP IJEBMHP DPO MPT DJODVFOUB BÕPT &SB EF DPNQMFYJÖO SFDJB TFDP EF DBSOFT FOKVUP EF SPTUSP HSBO NBESVHBEPS Z BNJHP EF MB DB[B 2VJFSFO EFDJS RVF UFOÑB FM TPCSFOPNCSF EF j2VJKBEBx P j2VFTBEBx RVF FO FTUP IBZ BMHVOB EJGFSFODJB FO MPT BVUPSFT RVF EFTUF DBTP FT DSJCFO BVORVF QPS DPOKFUVSBT WFSJTÑNJMFT TF EFKB FOUFO EFS RVF TF MMBNBCB j2VJKBOBx 1FSP FTUP JNQPSUB QPDP B OVFTUSP DVFOUP CBTUB RVF FO MB OBSSBDJÖO EÍM OP TF TBMHB VO QVOUP EF MB WFSEBE T QVFT EF TBCFS RVF FTUF TPCSFEJDIP IJEBMHP MPT SBUPT RVF FTUBCB PDJPTP RVF FSBO MPT NÆT EFM BÕP TF EBCB B MFFS MJCSPT EF DBCBMMFSÑBT DPO UBOUB BGJDJÖO Z HVT UP RVF PMWJEÖ DBTJ EF UPEP QVOUP FM FKFSDJDJP EF MB DB[B Z BVO MB BENJOJTUSBDJÖO EF TV IBDJFOEB Z MMFHÖ B UBOUP TV DVSJPTJEBE Z EFTBUJOP FO FTUP RVF WFOEJÖ NVDIBT IBOF HBT EF UJFSSB EF TFNCSBEVSB QBSB DPNQSBS MJCSPT EF DB CBMMFSÑBT FO RVF MFFS Z BTÑ MMFWÖ B TV DBTB UPEPT DVBOUPT QVEP IBCFS EFMMPT Z EF UPEPT OJOHVOPT MF QBSFDÑBO UBO CJFO DPNP MPT RVF DPNQVTP FM GBNPTP 'FMJDJBOP EF 4JM WB QPSRVF MB DMBSJEBE EF TV QSPTB Z BRVFMMBT FOUSJDBEBT SB [POFT TVZBT MF QBSFDÑBO EF QFSMBT Z NÆT DVBOEP MMFHBCB B MFFS BRVFMMPT SFRVJFCSPT Z DBSUBT EF EFTBGÑPT EPOEF FO NVDIBT QBSUFT IBMMBCB FTDSJUP j-B SB[ÖO EF MB TJOSB[ÖO RVF B NJ SB[ÖO TF IBDF EF UBM NBOFSB NJ SB[ÖO FOGMB RVFDF RVF DPO SB[ÖO NF RVFKP EF MB WVFTUSB GFSNPTVSBx : UBNCJÍO DVBOEP MFÑB j-PT BMUPT DJFMPT RVF EF WVFTUSB EJ WJOJEBE EJWJOBNFOUF DPO MBT FTUSFMMBT PT GPSUJGJDBO Z PT IB DFO NFSFDFEPSB EFM NFSFDJNJFOUP RVF NFSFDF MB WVFT USB HSBOEF[B x $PO FTUBT SB[POFT QFSEÑB FM QPCSF DBCBMMFSP FM KVJDJP Z EFTWFMÆCBTF QPS FOUFOEFSMBT Z EFTFOUSBÕBSMFT FM TFO UJEP RVF OP TF MP TBDBSB OJ MBT FOUFOEJFSB FM NFTNP "SJT UÖUFMFT TJ SFTVDJUBSB QBSB TPMP FMMP /P FTUBCB NVZ CJFO DPO

&


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

MMB HFOFSBDJÖO HJHBOUFB RVF UPEPT TPO TPCFSCJPT Z EFTDP NFEJEPT ÍM TPMP FSB BGBCMF Z CJFO DSJBEP 1FSP TPCSF UPEPT FTUBCB CJFO DPO 3FJOBMEPT EF .POUBMCÆO Z NÆT DVBOEP MF WFÑB TBMJS EF TV DBTUJMMP Z SPCBS DVBOUPT UPQBCB Z DVBOEP FO BMMFOEF SPCÖ BRVFM ÑEPMP EF .BIPNB RVF FSB UPEP EF PSP TFHÜO EJDF TV IJTUPSJB %JFSB ÍM QPS EBS VOB NBOP EF DPDFT BM USBJEPS EF (BMBMÖO BM BNB RVF UFOÑB Z BVO B TV TPCSJOB EF BÕBEJEVSB &O FGFUP SFNBUBEP ZB TV KVJDJP WJOP B EBS FO FM NÆT FTUSBÕP QFOTBNJFOUP RVF KBNÆT EJP MPDP FO FM NVO EP Z GVF RVF MF QBSFDJÖ DPOWFOJCMF Z OFDFTBSJP BTÑ QBSB FM BVNFOUP EF TV IPOSB DPNP QBSB FM TFSWJDJP EF TV SF QÜCMJDB IBDFSTF DBCBMMFSP BOEBOUF Z JSTF QPS UPEP FM NVO EP DPO TVT BSNBT Z DBCBMMP B CVTDBS MBT BWFOUVSBT Z B FKFSDJUBSTF FO UPEP BRVFMMP RVF ÍM IBCÑB MFÑEP RVF MPT DBCBMMFSPT BOEBOUFT TF FKFSDJUBCBO EFTIBDJFOEP UPEP HÍOFSP EF BHSBWJP Z QPOJÍOEPTF FO PDBTJPOFT Z QFMJHSPT EPOEF BDBCÆOEPMPT DPCSBTF FUFSOP OPNCSF Z GBNB *NB HJOÆCBTF FM QPCSF ZB DPSPOBEP QPS FM WBMPS EF TV CSB[P QPS MP NFOPT EFM JNQFSJP EF 5SBQJTPOEB Z BTÑ DPO FTUPT UBO BHSBEBCMFT QFOTBNJFOUPT MMFWBEP EFM FTUSBÕP HVTUP RVF FO FMMPT TFOUÑB TF EJP QSJFTB B QPOFS FO FGFUP MP RVF EFTFB CB : MP QSJNFSP RVF IJ[P GVF MJNQJBS VOBT BSNBT RVF IBCÑBO TJEP EF TVT CJTBCVFMPT RVF UPNBEBT EF PSÑO Z MMFOBT EF NPIP MVFOHPT TJHMPT IBCÑB RVF FTUBCBO QVFT UBT Z PMWJEBEBT FO VO SJODÖO JNQJÖMBT Z BEFSF[ÖMBT MP NFKPS RVF QVEP QFSP WJP RVF UFOÑBO VOB HSBO GBMUB Z FSB RVF OP UFOÑBO DFMBEB EF FODBKF TJOP NPSSJÖO TJNQMF NBT B FTUP TVQMJÖ TV JOEVTUSJB QPSRVF EF DBSUPOFT IJ[P VO NPEP EF NFEJB DFMBEB RVF FODBKBEB DPO FM NPSSJÖO IBDÑBO VOB BQB SJFODJB EF DFMBEB FOUFSB &T WFSEBE RVF QBSB QSPCBS TJ FSB GVFSUF Z QPEÑB FTUBS BM SJFTHP EF VOB DVDIJMMBEB TBDÖ TV FTQBEB Z MF EJP EPT HPMQFT Z DPO FM QSJNFSP Z FO VO QVO UP EFTIJ[P MP RVF IBCÑB IFDIP FO VOB TFNBOB Z OP EFKÖ EF QBSFDFSMF NBM MB GBDJMJEBE DPO RVF MB IBCÑB IFDIP QF EB[PT Z QPS BTFHVSBSTF EFTUF QFMJHSP MB UPSOÖ B IBDFS EF OVFWP QPOJÍOEPMF VOBT CBSSBT EF IJFSSP QPS EF EFOUSP EF UBM NBOFSB RVF ÍM RVFEÖ TBUJTGFDIP EF TV GPSUBMF[B Z TJO RVFSFS IBDFS OVFWB FYQFSJFODJB EFMMB MB EJQVUÖ Z UVWP QPS DFMBEB GJOÑTJNB EF FODBKF 'VF MVFHP B WFS TV SPDÑO Z BVORVF UFOÑB NÆT DVBSUPT RVF VO SFBM Z NÆT UBDIBT RVF FM DBCBMMP EF (POFMB RVF jUBO UVN QFMMJT FU PTTB GVJUx MF QBSFDJÖ RVF OJ FM #VDÍGBMP EF "MF KBOESP OJ #BCJFDB FM EFM $JE DPO ÍM TF JHVBMBCBO $VBUSP EÑ BT TF MF QBTBSPO FO JNBHJOBS RVÍ OPNCSF MF QPOESÑB QPS RVF TFHÜO TF EFDÑB ÍM B TÑ NFTNP OP FSB SB[ÖO RVF DBCBMMP EF DBCBMMFSP UBO GBNPTP Z UBO CVFOP ÍM QPS TÑ FT UVWJFTF TJO OPNCSF DPOPDJEP Z BOTÑ QSPDVSBCB BDPNPEÆS TFMF EF NBOFSB RVF EFDMBSBTF RVJÍO IBCÑB TJEP BOUFT RVF GVFTF EF DBCBMMFSP BOEBOUF Z MP RVF FSB FOUPODFT QVFT FTUBCB NVZ QVFTUP FO SB[ÖO RVF NVEBOEP TV TFÕPS FT UBEP NVEBTF ÍM UBNCJÍO FM OPNCSF Z MF DPCSBTF GBNPTP Z EF FTUSVFOEP DPNP DPOWFOÑB B MB OVFWB PSEFO Z BM OVF WP FKFSDJDJP RVF ZB QSPGFTBCB Z BTÑ EFTQVÍT EF NVDIPT OPNCSFT RVF GPSNÖ CPSSÖ Z RVJUÖ BÕBEJÖ EFTIJ[P Z UPS OÖ B IBDFS FO TV NFNPSJB F JNBHJOBDJÖO BM GJO MF WJOP B MMBNBS j3PDJOBOUFx OPNCSF B TV QBSFDFS BMUP TPOPSP Z TJHOJGJDBUJWP EF MP RVF IBCÑB TJEP DVBOEP GVF SPDÑO BO UFT EF MP RVF BIPSB FSB RVF FSB BOUFT Z QSJNFSP EF UPEPT MPT SPDJOFT EFM NVOEP 1VFTUP OPNCSF Z UBO B TV HVTUP B TV DBCBMMP RVJTP QPOÍSTFMF B TÑ NJTNP Z FO FTUF QFOTB NJFOUP EVSÖ PUSPT PDIP EÑBT Z BM DBCP TF WJOP B MMBNBS jEPO 2VJKPUFx EF EPOEF DPNP RVFEB EJDIP UPNBSPO PDBTJÖO MPT BVUPSFT EFTUB UBO WFSEBEFSB IJTUPSJB RVF TJO EVEB TF EFCÑB EF MMBNBS j2VJKBEBx Z OP j2VFTBEBx DPNP PUSPT RVJTJFSPO EFDJS 1FSP BDPSEÆOEPTF RVF FM WBMFSPTP "NBEÑT OP TÖMP TF IBCÑB DPOUFOUBEP DPO MMBNBSTF j"NBEÑTx B TF DBT TJOP RVF BÕBEJÖ FM OPNCSF EF TV SFJOP Z QBUSJB QPS IB

-

&KFNQMBS EFM 2VJKPUF FO FM .VTFP $FSWBOUJOP EF &M 5PCPTP 5PMFEP 3"& (53&4

4F FOGSBTDÖ UBOUP FO TV MFUVSB RVF TF MF QBTBCBO MBT OPDIFT MFZFOEP EF DMBSP FO DMBSP Z MPT EÑBT EF UVSCJP FO UVSCJP Z BTÑ EFM QPDP EPSNJS Z EFM NVDIP MFFS TF MF TFDÖ FM DFMFCSP DFSMB GBNPTB Z TF MMBNÖ j"NBEÑT EF (BVMBx BTÑ RVJTP DPNP CVFO DBCBMMFSP BÕBEJS BM TVZP FM OPNCSF EF MB TV ZB Z MMBNBSTF jEPO 2VJKPUF EF MB .BODIBx DPO RVF B TV QB SFDFS EFDMBSBCB NVZ BM WJWP TV MJOBKF Z QBUSJB Z MB IPO SBCB DPO UPNBS FM TPCSFOPNCSF EFMMB -JNQJBT QVFT TVT BSNBT IFDIP EFM NPSSJÖO DF MBEB QVFTUP OPNCSF B TV SPDÑO Z DPOGJSNÆOEPTF B TÑ NJT NP TF EJP B FOUFOEFS RVF OP MF GBMUBCB PUSB DPTB TJOP CVTDBS VOB EBNB EF RVJFO FOBNPSBSTF QPSRVF FM DB CBMMFSP BOEBOUF TJO BNPSFT FSB ÆSCPM TJO IPKBT Z TJO GSVUP Z DVFSQP TJO BMNB %FDÑBTF ÍM 4J ZP QPS NBMPT EF NJT QFDBEPT P QPS NJ CVFOB TVFSUF NF FODVFOUSP QPS BIÑ DPO BMHÜO HJHBOUF DPNP EF PSEJOBSJP MFT BDPOUFDF B MPT DBCBMMFSPT BOEBOUFT Z MF EF SSJCP EF VO FODVFOUSP P MF QBSUP QPS NJUBE EFM DVFSQP P GJOBMNFOUF MF WFO[P Z MF SJOEP {OP TFSÆ CJFO UFOFS B RVJFO FOWJBSMF QSFTFOUBEP Z RVF FOUSF Z TF IJORVF EF SPEJMMBT BO UF NJ EVMDF TFÕPSB Z EJHB DPO WP[ IVNJMEF Z SFOEJEB j:P TFÕPSB TPZ FM HJHBOUF $BSBDVMJBNCSP TFÕPS EF MB ÑO TVMB .BMJOESBOJB B RVJFO WFODJÖ FO TJOHVMBS CBUBMMB FM KBNÆT DPNP TF EFCF BMBCBEP DBCBMMFSP EPO 2VJKPUF EF MB .BODIB FM DVBM NF NBOEÖ RVF NF QSFTFOUBTF BOUF MB WVFT USB NFSDFE QBSB RVF MB WVFTUSB HSBOEF[B EJTQPOHB EF NÑ B TV UBMBOUFx I DÖNP TF IPMHÖ OVFTUSP CVFO DBCBMMFSP DVBOEP IV CP IFDIP FTUF EJTDVSTP Z NÆT DVBOEP IBMMÖ B RVJFO EBS OPNCSF EF TV EBNB : GVF B MP RVF TF DSFF RVF FO VO MVHBS DFSDB EFM TVZP IBCÑB VOB NP[B MBCSBEPSB EF NVZ CVFO QBSFDFS EF RVJFO ÍM VO UJFNQP BOEVWP FOBNPSB EP BVORVF TFHÜO TF FOUJFOEF FMMB KBNÆT MP TVQP OJ MF EJP DBUB EFMMP -MBNÆCBTF "MEPO[B -PSFO[P Z B FTUB MF QBSFDJÖ TFS CJFO EBSMF UÑUVMP EF TFÕPSB EF TVT QFOTBNJFO UPT Z CVTDÆOEPMF OPNCSF RVF OP EFTEJKFTF NVDIP EFM TV ZP Z RVF UJSBTF Z TF FODBNJOBTF BM EF QSJODFTB Z HSBO TFÕPSB WJOP B MMBNBSMB j%VMDJOFB EFM 5PCPTPx QPSRVF FSB OBUVSBM EFM 5PCPTP OPNCSF B TV QBSFDFS NÜTJDP Z QF SFHSJOP Z TJHOJGJDBUJWP DPNP UPEPT MPT EFNÆT RVF B ÍM Z B TVT DPTBT IBCÑB QVFTUP

0


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

("-&3´" $&37"/5*/"

1FSTPOBKFT /6&4530 ©-#6. %& '".*-*"

5FYUP +PTF ©OHFM (PO[ÆMF[ *MVTUSBDJPOFT 3JLJ #MBODP

PSSBM Z TBOBUPSJP PMMB QPESJEB Z GVFOUF NBSDIJUB BQFOBT VOB ÜMDFSB JOUFSSVN QJFOEP FM CBMEÑP (MPTBSJP CBSCJUÜSJDP o QBMBCSBTo Z SFDVB VOJWFSTBM 3FUSBUP EF UPEPT o IPNCSFT Z NV KFSFT USFO[BO FM HSBO DBSOBWBMo QSJ NFS QSPGJMF EF VOB UJFSSB EF jNFMBODPMÑB Z CÆSCBSP MJOBKFx FM 2VJKPUF OPT QSFGJHVSÖ IBDF DVBUSP TJHMPT Z UPEBWÑB OPT DPO UJFOF QFTF B RVF KVSBNPT FTUBS TFHVSPT EF TFS RVJFO TPNPT oDVBOEP TPNPT MP RVF EFTFBO RVF TFBNPTo &M BVUPS EF MB BVUPQTJB OBDJPOBM GVF Z IBZ VOB CSBWB IFS NPTVSB FO MBT DJSDVOTUBODJBT VO MJTJBEP EF HVFSSB VO DBVUJ WP EF VO DFOUSP EF EFUFODJÖO EF FYUSBOKFSPT VO BDVTBEP EF SPCBS EJOFSPT QÜCMJDPT VO IPNCSF EF TBMEP CBKP Z DPO VOB TP MB NBOP EF RVJFO OP DPOPDFNPT NÆT SFUSBUPT RVF BMHVOPT QSF TVOUPT /VFTUSP QSJNFS HBDFUJMMFSP OP UJFOF GBDDJPOFT FSB FM PVUTJEFS BM RVF UPEPT BM GJOBM EF DBEB KPSOBEB EF TJOTFOUJEP RVFSFNPT QBSFDFSOPT /P QPEÑB TFS PUSP TJOP $FSWBOUFT FM SFEBDUPS EFM USBTJFHP QPS &TQBÕB Z TV MPDVSB EBOEP GF EF QBSÆTJUBT CFMMBRVFSÑBT QPS FKFNQMP MB WJPMFODJB NBDIJTUB DPOUSB jEPODFMMBT EF BRVFMMBT RVF BOEBCBO DPO TVT B[PUFT Z QBMBGSFOFT Z DPO UPEB TV WJSHJOJEBE B DVFTUBT EF NPOUF FO NPOUF Z EF WBMMF FO WBMMFx P FM EFTBUJOP EF MPT QPMJUJDBTUSPT EF MPT RVF BOPUB 4BODIP jIBZ QPS BIÑ DJFO UP RVF BQFOBT TBCFO MFFS Z HPCJFSOBO DPNP VOPT HJSJGBMUFTx -PT QFSTPOBKFT QFSFHSJOPT EF VO EFTFODBOUP RVF BUSB WFTBSÆ TJHMPT EF IJTUPSJB QBEFDJEP QPS BODFTUSPT BCVFMPT Z QB ESFT Z EFTUJOBEP UBNCJÍO TFHÜO UFNP B OVFTUSPT IJKPT DPO DFCJEPT QBSB USBCBKBS EF FTQBOUBQÆKBSPT TPO DPNP TFMGJFT EJTQBSBEPT FO MB BGVFSBT EF VOB TPDJFEBE EPOEF OP IBZ PUSP DPOTVFMP RVF TBCFS QFTF B RVF jDBEB VOP FT BSUÑGJDF EF TV WFO UVSBx RVF OVFTUSB GJHVSB SFDPSUBEB DPOUSB FM NBQB EF [BS [BT Z NBMF[B DPNP EFDÑB 0SUFHB IBCMBOEP EFM MPDP Z USJTUF IJ EBMHP jTF FODPSWB DPNP VO TJHOP EF JOUFSSPHBDJÖOx &TUB HBMFSÑB FT VO ÆMCVN EF GBNJMJB 4F SFDPOPDFSÆO


àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % % 0 0 4 4 0 0 # # 3 3 & & $ $ & & 3 3 7 7 " " / / 5 5 & & 4 4 5 0

%0/ 26*+05& "OUJIÍSPF GVOEBEPS EF MBT OPWFMBT EF DBSSFUFSB &M IJEBMHP FT NÆSUJS QBMBEÑO TVCUFSSÆOFP Z WP[ EF VO TJHMP NVHSJFOUP 4F EFTWJWF FO VOB TPDJFEBE DPNP BOPUB VO CJÖHSBGP EF $FSWBOUFT jDPNQBSUJNFO UBEB FOUSF DMÍSJHPT OPCMFT Z QFDIFSPTx EPOEF MB FYJHFODJB EF MB MJNQJF[B EF TBOHSF EF DSJTUJBOP WJFKP TF BEFMBOUÖ FO DVBUSP TJHMPT BM OB[JTNP 4J MB EJHOJEBE TFHÜO MB DPSUFTÑB FTUÆ FO FM KVT UP NFEJP FO MB EJTDSF DJÖO Z MB DPNQPTUVSB FNPDJPOBM EPO 2VJKP UF EFTHBSCBEP Z TFDP EF DBSOFT USBOTQPSUB MB DP SSFDDJÖO B MP jFYPSCJUBO UFx -PDP EF BUBS QPS MB JMVTJÖO WJTJPOBSJB EF VO jNVOEP DBMBNJUPTPx OFDFTJUBEP EF IJEBM HVÑBT DBCBMMFSPT BOEBO UFT Z SFQBSBDJÖO EF JO KVTUJDJBT TF FDIB BM QÆ SBNP DPO MP QPDP RVF UJFOF QBSB jEFTGB[FS BHSBWJPTx $PNP TVDF

EFSÑB IPZ MP NVFMFO B QBMPT JODMVTP BRVFMMPT B RVJFOFT BZVEB MPT NÆT VMUSB MF SFWJFOUBO BMHV OPT EJFOUFT Z MPT OJÕPT MF FDIBO FO DBSB FM SJEÑ DVMP Z MP EFTDBMBCSBO &O 6OBNVOP MFZÖ MB OPWFMB DPNP VO MJCSP EF DPDJOB EF MB SFWPMV DJÖO Z SFDMBNÖ EF MPT FT QBÕPMFT VOB DSJTUJBOB ZJIBE QBSB jJOUFOUBS MB TBOUB DSV[BEB EF JS B SFTDBUBS FM TFQVMDSP EFM $BCBMMFSP EF MB -PDV SB EFM QPEFS EF MPT IJ EBMHPT EF MB 3B[ÖOx "M

2VJKPUF oBM RVF $FSWBO UFT PUPSHB MB QPMJQFSTP OBMJEBE BM OPNCSBSMP DPNP 2VJKBEB 2VFTB EB 2VFKBOB P 2VJKBOPo MP EFSSPUBO BM OFHBSMF FM EFSFDIP DPNP IBDFO IPZ BENJOJTUSBOEP 1SP [BD BM FKFSDJDJP GBOUÆTUJ DP EF MB EFNFODJB Z DPOEFOBSMP BM BVUPFYJ MJP NBODIFHP B WJWJS RVFNBEP FO MB PTDVSB QJFESB EF MB MVDJEF[ 5SBT QFEJS VO DPOGFTPS QPSRVF TJFOUF RVF TF FT UÆ jNVSJFOEP B UPEB QSJFTBx QSPOVODJB VO NBOEBNJFOUP GJOBM RVF QBSFDF MB DBSUB GVOEB DJPOBM EF VOB SFQÜCMJDB j/P TF IB EF CVSMBS FM IPNCSF DPO FM BMNBx

4"/$)0 1"/;" &M FTDVEFSP RVF JNBHJOBCB FM QBSBÑTP DPNP VO FUFSOB TPCSFDPNJEB TF FOTBODIB QBSB EFWFOJS FO QPSUBWP[ DJVEBEBOP &O MBT QPTUSJNFSÑBT EFM MJCSP 5FSFTB 1BO[B TV NVKFS MF BEWJFSUF j.JSBE 4BODIP EFTQVÍT RVF PT IJDJTUFJT NJFNCSP EF DBCBMMFSÑB BOEBOUF IBCMÆJT EF UBO SPEFBEB NBOFSB RVF OP IBZ RVJFO PT FOUJFOEBx -B USBOTGPSNBDJÖO USBT VO OBVGSBHJP %F UPTDP IPNCSF EF CJFO ojTJ FT RVF FTUF UÑUVMP TF QVFEF EBS BM RVF FT QPCSFx BOPUB $FSWBOUFT DPO TBSDBTNPo QFSP DPO NVZ QPDB TBM FO MB NP MMFSB FM USBHBOUÖO EF UP DJOP Z IPHB[BT 4BODIP 1BO[B QBTB B RVJKPUJ[BS TF FO MB TFHVOEB QBSUF EF MB OPWFMB Z UFSNJOB TJFOEP VO USBTVOUP EFM BNP IBTUB FM QVOUP EF QPFUJ[BS UBNCJÍO MB FSSBODJB j&T MJOEB DPTB FTQFSBS MPT TVDFTPT BUSBWFTBOEP NPOUFT FTDVESJÕBOEP TFMWBT QJTBOEP QFÕBT WJTJUBO

EP DBTUJMMPT BMPKBOEP FO WFOUBT B UPEB EJTDSF DJÖOx {2VÍ FYQMJDB MB USBOTGJHVSBDJÖO EF 1BO [B "DBTP MP NJTNP RVF TVDFEF DPO MPT +VBO /BEJF EF IPZ FT WÑDUJ NB EF VOB IVNJMMBDJÖO DPO MB PGFSUB EFM GBMTP HPCJFSOP EF MB ÑOTVMB #BSBUBSJB DPO FM RVF USBUBO EF UFOUBSMF Z BMJF OBSMF MPT OPCMFT FO VOB DFSFNPOJB DBSOBWBMFT DB $POWFODJEP EF RVF JCB B HPCFSOBS QBSB jSF DSFBSNF FM DVFSQP FO USF TÆCBOBT EF )PMBO EBx 4BODIP TF FODVFO USB DPO MBT PCMJHBDJPOFT EFM DBSHP oMFHBKPT GBWP SFT EFDJTJPOFT OPDIFT FO WFMB o SFTVFMWF RVF TV MVHBS FTUÆ B MP

NPT EFM BTOP Z SFTVDJUB DPO DPODJFODJB EF DMB TF DPNP FTDVEFSP DP CBSEF Z SÜTUJDP TJFOEP PUSP FM NJTNP RVF FSB jZP OP OBDÑ QBSB TFS HPCFSOBEPSx Z BEWJS UJFOEP DPNP VO JOEJH OBEP NÆT RVF DBEB EÑB jTF WFO DPTBT OVFWBT FO FM NVOEP MBT CVSMBT TF WVFMWFO FO WFSBT Z MPT CVSMBEPSFT TF IBMMBO CVSMBEPTx


àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

%6-$*/&" -FKPT EF MB DPODVQJTDFOUF 4PQIJB -PSFO RVF MB JOUFSQSFUÖ FO FM DJOF MB EBNB FT FO FM NVOEP SFBM "MEPO[B -PSFO[P jNP[B EF DIBQB IFDIB Z EFSFDIB Z EF QFMP FO QFDIPx "M DPOWFSUJSMB FO %VMDJOFB EPO 2VJKPUF MB USPDÖ FO RVJOUBFTFODJB EFM EFTFP $PNP MBT BHFODJBT EF CFMMF[B FOMBUBEB IBDFO DPO MBT UPQ NPEFM %VMDJOFB FT VO GBO UBTNB FO MPT MBCFSJO UPT JOUFSOPT EF EPO 2VJKPUF Z OP FYJTUF FO PUSB QBSUF .VKFS DPTJGJDBEB RVF FM IJ EBMHP IB DPODFCJEP QBSB EJTQPOFS DPNP UPEP DBCBMMFSP BO EBOUF EF VOB EBNB B DVZB WFOFSBDJÖO DPOTBHSBSTF TF MMB NB SFBMNFOUF "M EPO[B -PSFO[P MB CSBEPSB B MB RVF jCVTDÆOEPMF OPN CSF RVF OP EFTEJKF TF NVDIP EFM TVZP Z RVF UJSBTF Z TF FODB

NJOBTF BM EF QSJODF TB Z HSBO TFÕPSB WJ OP B MMBNBSMB %VMDJ OFB EFM 5PCPTP QPS RVF FSB OBUVSBM EFM 5PCPTP OPNCSF B TV QBSFDFS NÜTJDP QFSFHSJOP Z TJHOJGJ DBUJWPx $PNP DVBM RVJFS JOUBOHJCMF DF MFCSJUZ NPMEFBEB QPS MB JOHFOJFSB EFM NBM HVTUP DPOUFN QPSÆOFP MB EBNB FT VO TVFÕP Z BM GBO MF JNQPSUB VO DPNJOP j%JPT TBCF TJ IBZ %VMDJOFB P OP FO FM NVOEP P TJ FT GBO UÆTUJDB P OP FT GBO UÆTUJDB < > /J ZP FO HFOESÍ OJ QBSÑ B NJ

4"/4¹/ $"33"4$0 TFÕPSB QVFTUP RVF MB DPOUFNQMP DPNP DPOWJFOF RVF TFB VOB EBNB RVF DPO UFOHB FO TÑ MBT QBSUFT RVF QVFEBO IBDFSMB GBNPTB FO UPEBT MBT EFM NVOEP DPNP TPO IFSNPTB TJO UB DIB HSBWF TJO TPCFS CJB BNPSPTB DPO IPOFTUJEBE BHSBEF DJEB QPS DPSUÍT DPS UÍT QPS CJFO DSJBEB Z GJOBMNFOUF BMUB QPS MJOBKFx &O VOP EF MPT NPNFOUPT NÆT EPMPSPTPT EF MB OPWFMB 4BODIP DPO WFODF B TV TFÕPS EF RVF FTUÆ BOUF %VMDJ OFB TVQMBOUBEB QPS VOB NVKFS DFSSJM DPO PMPS B BKP Z BTFP NVZ EJTDVUJCMF 1PS RVF TF TJFOUF QSPQJF UBSJP EFM RVJNÍSJDP FTQFKJTNP FM GBO USBHB Z WFOFSB

#BDIJMMFS BÕPT jDBSJSSFEPOEP EF OBSJ[ DIBUB Z CPDB HSBOEFx &SB jBVORVF TF MMBNBCB 4BOTÖO OP NVZ HSBOEF EF DVFSQP BVORVF NVZ HSBO TPDBSSÖOx Z jEF NVZ CVFO FOUFOEJ NJFOUPx $FSDBOP B MB GBNJMJB EF EPO 2VJKPUF QFSP GFMÖO F JOUSJHBOUF &O MB &TQBÕB EF IPZ UFOESÑB UBSKFUBT CMBDL Z TPDJFEBEFT PGGTIPSF 4BODIP WP[ EF MPT EFTDBNJTBEPT FT FM QSJNFSP FO BEWFSUJS EFM QFMJHSP EF MPT VOJWFSTJUBSJPT QPS RVF EJTJNVMBO DPO MBCJB MB CFMMBRVFSÑB %JDF RVF 4BOTÖO $B SSBTDP jFT QFSTPOB CBDIJMMFSBEB QPS 4B MBNBODB Z MPT UBMFT OP QVFEFO NFOUJS TJ OP FT DVBOEP TF MFT BOUPKB P MFT WJFOF NVZ B DVFOUPx &M QFUVMBOUF $BSSBTDP QSPZFDUB FM CVTJMJT EF BQVSBS B EPO 2VJKPUF QBSB VOB UFSDFSB SPO EB KVTUJDJFSB QPSRVF

jEFGSBVEB DPO TV UBS EBO[B FM EFSFDIP EF MPT UVFSUPT FM BNQB SP EF MPT IVÍSGBOPT MB IPOSB EF MBT EPO DFMMBT FM GBWPS EF MBT WJVEBT Z FM BSSJNP EF MBT DBTBEBTx %JTGSB [BEP EF DBCBMMFSP BO EBOUF $BSSBTDP FT WFODJEP VOB QSJNF SB WF[ QFSP FO VOB TFHVOEB MJE FO MBT QMBZBT EF #BSDFMPOB BUBWJBEP EF DPMHBEV SBT EF DSJTUBMFSÑB Z IBDJÍOEPTF QBTBS QPS FM $BCBMMFSP EF MB #MBODB -VOB EF SSPUB B EPO 2VJKPUF Z MF PCMJHB FO QSFOEB B SFHSFTBS B DBTB Z

BCBOEPOBS MB CÜT RVFEB EF MB KVTUJDJB &M NPNFOUP VO DB NJOP B MB NVFSUF EFM BMNB Z BM TVJDJEJP EF VO JEFBM QFSNJUF B $FSWBOUFT TFS EF OVFWP BVHVS EFM QF TJNJTNP RVF CSPUB EFM TPNFUJNJFOUP DPUJEJBOP Z SFEBDUBS DPNP MP IBSÑB %PT UPJFWTLJ FM GJOBM EF MB IPOSB %PO 2VJKPUF jNPMJEP Z BUVSEJEP TJO BM[BSTF MB WJTFSB DPNP TJ IBCMBSB EFO USP EF VOB UVNCB DPO WP[ EFCJMJUBEB Z FOGFSNBx QSPDMBNB RVF %VMDJOFB FT jMB NÆT IFSNPTB NVKFS EFM NVOEPx Z ÍM jFM NÆT EFTEJDIBEP DB CBMMFSP EF MB UJFSSBx



àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

-04 ("-&05&4

-04 %626&4

j(FOUF GPS[BEB EFM SFZ RVF WB B MBT HBMFSBTx FYQMJDB 4BODIP j{$ÖNP HFOUF GPS[BEB x QSFHVOUB EPO 2VJKPUF j{&T QPTJCMF RVF FM SFZ IBHB GVFS[B B OJOHVOB HFOUF x &M IJEBMHP DPNP DBTUJHBEPS EFM PSEFO WJHFOUF RVJFSF MJCFSBS B VOPT QSFTPT RVF DPOEVDFO B HBMFSBT &O $BTUJMMB ZB IBCÑB FWFOUVBMFT TPMJDJUBOUFT EF BTJMP

"SJTUÖDSBUBT CVFOPT FO OBEB FYDFQUP FO MB IPMHVSB GJOBODJFSB QBSB CVGP OFBSTF EFM MPDP Z FM JOGFSJPS &M NPOUBKF QTJDPEÍMJDP EF MPT EVRVFT RVF PDVQB OBEB NFOPT RVF DBQÑUVMPT FT VOB MVNÑOJDB Z HSPUFTDB NBHJB QBSDJBM EFM 2VJKPUF $PNP FO FM HBVEFBNVT EJHJUBM EF IPZ UPEP IB EF TFS GSFOÍUJDP Z TFS HP[BEP BM JOTUBOUF BIPSB NJTNP

NJFOEB QSFTFOUBSTF BOUF %VMDJOFB QBSB RVF SFMBUFO MB IB[B ÕB : FM NÆT BWF[BEP FM CBOEPMFSP (JOÍT EF 1BTBNPOUF MF EJ DF j&T JNQPTJCMF EF UPEB JNQPTJCJMJEBE DVNQMJSMP QPSRVF OP QPEFNPT JS KVO $VBOEP TF UPQB DPO CSFT IPOSBEPT TFBO UPT QPS MPT DBNJOPT TPMPT Z VOB DBEFOB IVNB WFSEVHPT EF MPT TJOP EJWJEJEPTx OB EF DPOEFOBEPT B PUSPT IPNCSFTx &M IJEBMHP FO $VBOEP QSFHVOUB HVSBQBT HBMFSBT FT EFDJS B VOB NVFSUF B MPT HBMFPUFT QPS MPT UJFOEF RVF MB OFHB NÆT RVF QSPCBCMF EFMJUPT BTJTUJNPT B UJWB JNQMJDB VO EFT FNQVKBOEP EF TPM B VO EFCBUF QSPDFTBM QSFDJP B TV EBNB Z TPM MB QBMBNFOUB EF B VOP MF IBO JNQVFT DBNCJBOEP EF IV MBT FNCBSDBDJPOFT UP USFT BÕPT FO HBMF NPS BUBDB B MPT QSF EPO 2VJKPUF FYQPOF SBT QPS SPCBS VOB TPT &TUPT TF SFWVFM TV JEFBSJP KVEJDJBM DFTUB EF SPQB B PUSP WFO Z DBCBMMFSP Z FT BDBCBO j"MMÆ TF MP IBZB DB DVBUSP QPS BMDBIVF DVEFSP EB VOP DPO TV QFDB UF B VO UFSDFSP EPT NPMJEPT B QBMPT EP %JPT IBZ FO FM QPS OP UFOFS TVGJ BQFESFBEPT Z SPCB DJFMP RVF OP TF EFT DJFOUFT EVDBEPT QB EPT -PT HBMFPUFT DVJEB EF DBTUJHBS BM SB VOUBS BM QSPDVSB DPNP UPEPT MPT DPO NBMP OJ EF QSFNJBS EPS 5SBT OFHPDJBS EFOBEPT OP RVJF BM CVFOP Z OP FT FO WBOP DPO MPT HVBS SFO QBUFSOBMJTNP CJFO RVF MPT IPN EJBT EF MB DVTUPEJB TJOP MJCFSUBE EPO 2VJKPUF MJCFSB B MBT CSBWBT B MPT HB MFPUFT Z MFT FODP

6OB QBSFKB EF MB BMUB OPCMF[B Z TV TÍRVJUP DPSUFTBOP EFDJEFO DPNCBUJS FM BCVSSJ NJFOUP FOHPMPTJOÆO EPTF DPO MB EFNFO DJB EF EPO 2VJKPUF Z MB TJNQMF[B EF 4BO DIP B MPT RVF IPTQF EBO QPSRVF IBO MFÑ EP MB QSJNFSB QBSUF EF MB OPWFMB Z EJDFO BENJSBSMPT 6OB WF[ FO FM DBT UJMMP Z DPO MB DPOOJ WFODJB EF MPT DSJBEPT FO MB QSPEVDDJÖO EFM BSUJGJDJP NPOUBO VO JOGBNBOUF DBDIPO EFP DPO FGFDUPT FTQF

DJBMFT FTDÍOJDPT EJH OPT EF )PMMZXPPE oMVDFT CVFZFT EF NPOJPT OJOGBT FM NBHP .FSMÑO EPODF MMBT FODBOUBEBT SVJ EPT DPIFUFSÑB KPZBT NÜTJDPT BDUPSFT o QBSB DPO WFMPDJEBE Z EJMJHFODJB PCUFOFS HSBO TPMB[ Z HSBUJGJDB DJÖO JOTUBOUÆOFB 4BODIP TBMF NBM QB SBEP DVBOEP MF DPO EVDFO B VOB #BSBUB SJB EF DBSUÖO QJFESB Z BOHVTUJBT &M DBCBMMF SP EFCF TPQPSUBS MB JNBHJOBSJB NVFSUF EF %VMDJOFB JOUFS QSFUBEB DPO NBOFSBT EF ¹TDBS QPS MB QÍSGJ

EB DSJBEB "MUJTJEPSB RVF MMBNB BM 2VKJPUF jTFÕPS EPO CBDBMMBP BMNB EF BMNJSF[ DVFTDP EF EÆUJMx 5SBT MB JONJTFSJ DPSEF CVSMB Z jTBUJTGF DIPT MPT EVRVFT EF MB DB[B Z EF IBCFS DPO TFHVJEP TV JOUFODJÖO UBO EJTDSFUB Z GFMJ[ NFOUF TF WPMWJFSPO B TV DBTUJMMPx .JHVFM EF $FSWBOUFT OP MP EFKÖ BTFOUBEP QFSP FTUBNPT BVUPSJ[BEPT B JNBHJOBS RVF BM EÑB TJHVJFOUF MPT TJOJFT USPT EVRVFT QBEFDÑBO PUSB WF[ FM NFSFDJEP DBTUJHP EF MB BOIFEP OJB MB QÍSEJEB EF JO UFSÍT Z MB JODBQBDJEBE EF TFOUJS QMBDFS DPO DPTB BMHVOB



àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

13&$*04" &O MB OPWFMB -B (JUBOJMMB $FSWBOUFT TF NPGB EF MB SJEJDVMF[ EF MB MJUFSBUVSB QBTUPSJM Z EF QBTP TF QSFTFOUB DPNP TFHVJEPS EF &SBTNP FM IVNBOJTUB EF 3ÖUFSEBN RVF EFGFOEÑB FM QFOTBNJFO UP B MB DPOUSB EF MBT JOTUJUVDJPOFT 1BSÆCPMB TPCSF MPT QSFKVJDJPT SBDJBMFT Z FM USBUP IVNJMMBOUF B MPT HJUBOPT -PT QBZPT TPO QFPSFT EJDF FM BVUPS &M EF FOFSP EF FM KPWFO $FSWBOUFT WJP FO 4FWJMMB MB FKFDVDJÖO EF VOB NVKFS BEÜMUF SB Z TV BNBOUF NVMB UP &M WFSEVHP GVF FM NBSJEP PGFOEJEP FO TV IPOPS Z DPO EFSF DIP KVEJDJBM QBSB NB UBS B MB QBSFKB /P FSB &TQBÕB FOUPODFT VOB UJFSSB QJBEPTB Z MB USB NB EF -B (JUBOJMMB NVFTUSB MBT CSFDIBT SBDJBMFT -B TVCZV HBOUF BEPMFTDFOUF 1SFDJPTB ojBVORVF TPZ HJUBOB QPCSF Z IV NJMEFNFOUF OBDJEB UFOHP VO DJFSUP FTQJ

SJUJMMP GBOUÆTUJDP BDÆ EFOUSPxo TF HBOB MB WJEB CBJMBOEP Z SFDJ UBOEP 4VT BNPSFT DPO FM DBCBMMFSP EPO +VBO EF $ÆSDBNP DB SFBO B MB NÆT CBKB DMB TF TPDJBM DPO FM BMUP MJOBKF &MMB MJCFSBEB F JOEFQFOEJFOUF QPOF B QSVFCB BM QSFUFO EJFOUF FYJHJÍOEPMF RVF WJWB EPT BÕPT DP NP VO HJUBOP j$VBO EP FM DJFMP NF EJTQV TP QBSB RVFSFSUF 1SF DJPTB NÑB EFUFSNJOÍ EF IBDFS QPS UJ DVBO UP UV WPMVOUBE BDFSUB TF B QFEJSNF < > DVÍOUBNF QPS HJUBOP EFTEF MVFHP Z IB[ EF

3*/$0/&5& NÑ UPEBT MBT FYQFSJFO DJBT RVF NÆT RVJTJF SFTx EJDF EPO +VBO -B QBSFKB WJWF MB jBODIB MJCFSUBEx EF MPT SPNBOÑT ojHVBS EBNPT JOWJPMBCMF NFOUF MB MFZ EF MB BNJTUBE < > WJWJNPT BMFHSFT < > OP OPT EFTWFMB MB BNCJ DJÖOxo Z DPNQSVFCB DÖNP MB TPDJFEBE QB ZB MPT NBODJMMB QPS MB NPOPNBOÑB EF RVF jHJUBOPT Z HJUBOBT OB DJFSPO FO FM NVOEP QBSB TFS MBESPOFTx &M GJOBM QBTB QPS FM BMUBS OP TJO BOUFT SFWFMBS FM PSJHFO QBZP EF 1SF DJPTB $FSWBOUFT BS HVNFOUB RVF MB CPO EBE OVODB UJFOF RVF WFS DPO MB QJFM

.BSÑB FM EÑB EFM TÆCB EPxo $PO MB RVJOUB QBSUF EF MP SFDBVEB EP .POJQPEJP TF FO DBSHB EF DPNQSBS MB QSPUFDDJÖO EF BMHVB DJMFT DPSSVQUPT QPS RVF jOP FT NVDIP RVF B RVJFO UF EB MB HBMMJOB FOUFSB UÜ EFT SSP DPNP VOB MJFCSF Z VOB QJFSOB EFMMBx 5SBCBKBO UBOUP TBMUP DPNP VO HBNP Z DPSUP EF UJKFSB NVZ UBO GJOP Z DPO UBOUB BMFHSÑB 3JODPOFUF Z EFMJDBEBNFOUFxo &O MB DJVEBE EF $PSUBEJMMP EVSBOUF CFO jSFHJTUSBSTFx FO FM BÕP EF jOPWJDJB MB jDPGSBEÑB EF .POJ EPx RVF FM DBQP MFT QPEJPx QBESJOP Z FODBSHB MB SFDBVEB BEVBOFSP EF UPEPT DJÖO EF USJCVUPT OP MPT NBMFBOUFT MPDBMFT TJO BOUFT SFDPNFO oMB NBGJB UJFOF KVSB EBSMFT RVF jOP UVWJF NFOUP j4PZ MBESÖO TFO KBNÆT QPTBEB QBSB TFSWJS B %JPT Z B DJFSUB OJ EF BTJFOUP MBT CVFOBT HFOUFT < > QPSRVF BTÑ DPOWJFOF SF[BNPT OVFTUSP SP B MB TBMVE EF UPEPTx TBSJP SFQBSUJEP FO UP EB MB TFNBOB Z NV DIPT EF OPTPUSPT OP IVSUBNPT FO EÑB EFM WJFSOFT OJ UFOFNPT DPOWFSTBDJÖO DPO NVKFS RVF TF MMBNF

$PNP EPO 2VJKPUF Z 4BODIP QFSP FO NP[VFMPT 3JODPOFUF Z $PSUBEJMMP TBMFO BM DBNJOP /P EFTFBO FNVMBS IJEBMHVÑBT DBCBMMFSFTDBT TJOP FOHBÕPT IVSUPT Z FTUBGBT DPNP PUSPT HSBOEFT WJWJEPSFT FO FM jBMNÑCBS EF MB QJDBSEÑBx $FSWBOUFT NVFTUSB MPT QSJNFSPT RVJORVJT EF MB &TQBÕB BCBOEPOJTUB Z FO CBSCFDIP QFTF B TFS MB NBZPS QPUFODJB EFM NVOEP 4F FODVFOUSBO 3JO DPOFUF Z $PSUBEJMMP FO jSPNFSÑBx IBDJB 4FWJMMB NFOUBEB DP NP jMB #BCJMPOJB EF &TQBÕBx QPS FM WJDJP RVF BMMÑ NFESBCB UBO UP DPNP FM MVKP BN CPT EFCJEPT B MBT SJ RVF[BT MMFHBEBT EF MBT DPMPOJBT BNFSJDB OBT 5JFOFO FOUSF Z BÕPT &M QSJNFSP FT DBQB[ EF UJNBS B DVBM RVJFSB DPO KVFHPT EF DBSUBT TJO NBSDBS oDPO jDJFSUBT USFUBT EF RVJOPMBT Z EFM QB SBSxo Z FM TFHVOEP TF EFEJDB BM SPCP ojDP


PUBLIRREPORTAJE

Un réquiem a dos coros para recordar a Cervantes La Comunidad de Madrid quiere conmemorar el IV centenario de la muerte de Cervantes con un réquiem a dos coros que puede verse este viernes 22 de abril en la madrileña Iglesia de San Jerónimo el Real (Calle de Moreto, 4,) a las 21 horas. Será un concierto de música antigua, en latín, con una duración aproximada de una hora y 15 minutos (sin intermedio). La entrada es libre hasta completar el aforo. La fecha no es baladí. Hoy se cumplen cuatro siglos de la muerte del creador de la novela moderna. Pero no solo es esta la mejor ocasión para rendir homenaje al gran genio de la literatura española, sino también a otras figuras destacadas del arte y la cultura del Siglo de Oro. Mateo Romero (1575-1647), maestro de la Real Capilla entre 1598 y 1633 –bajo los reinados La Grande de Felipe III Y FeChapelle, IV– fue el lipe formada por principal compoavezados sitor de la Corte intérpretes de española hacia diferentes 1616, fecha de la países, es un muerte de nuestro conjunto vocal literato más unie instrumental versal. El llamado de música ‘Maestro Capiantigua con tán’ destacó en la vocación escritura polifónieuropea ca a dos coros, tan en boga en los principales centros musicales de la Europa de entonces. El Réquiem a dos coros para recordar al genio de Alcalá constituye una de las mejores obras de Romero, de gran solemnidad y una factura vocal impecable. El programa de la velada reconstruye una misa de difuntos de la época, con la característica alternancia de partes polifónicas y canto llano. Réquiem para Cervantes fue objeto de una grabación por La Grande Chapelle en 2005, que resultó en un documento sonoro de primera importancia. Recuperaba algunas de las obras más destacadas del patrimonio musical de principios del siglo XVIII y las enmarcaba en su contexto litúrgico original y que ha sido reeditado este año por la Comunidad de Madrid. La Grande Chapelle es un conjunto vocal e instrumental de música antigua con vocación europea. Está formada por avezados intérpretes procedentes de diferentes países.

Muestra ‘Miguel EN Cervantes’ La exposición Miguel EN Cervantes quiere dar a conocer el personaje que fue Miguel a través de una de sus obras de teatro: El retablo de las maravillas. Este entremés se convierte en un viaje para mostrar las conexiones entre esta obra y la biografía del escritor. Los artistas David Rubín y Miguelanxo Prado generan un diálogo entre el cómic y la ilustración. La muestra recorre estos municipios: hasta el 28 de abril en

Soto del Real, del 29 de abril al 19 de mayo en Ciempozuelos, del 20 de mayo al 10 de junio en El Álamo, del 13 de junio el 4 de julio en Alcorcón, del 7 al de 27 de septiembre en Valdemorillo, del 29 de

septiembre al 20 de octubre en Móstoles, del 24 de octubre al 14 de noviembre en Buitrago del Lozoya, del 15 de noviembre al 7 de diciembre en Getafe y del 9 al 30 de diciembre en Collado Villalba.


àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

$045"/;" %PT QÑDBSPT DPO QPTJCMFT MB WJSUVE JOOBUB EFM BMNB OPCMF FM NVOEP QBSÆTJUP EF MB BUSJCVMBEB &TQBÕB EFM 97* &O NFEJP EF MB NBEFKB VOB NVDIBDIB EF BÕPT DVZB CFMMF[B jQBSFDÑB DPTB EFM DJFMPx QSPUBHPOJ[B -B JMVTUSF GSFHPOB VOB EF MBT /PWFMBT FKFNQMBSFT DPO MB QFSUVSCBEPSB DSÖOJDB EF VOB WJPMBDJÖO TJO DBTUJHP %PT IJKPT EF MB DBTUB EPNJOBOUF $BSSJB [P Z "WFOEBÕP FT DBQBO EF MB VOJWFS TJEBE Z HP[BO EF MB QJDBSEÑB Z MB jWJEB BOEBSJFHBx 7BO B EBS B MB QPTBEB EFM 4FWJMMBOP OP NVZ MFKPT EF 5PMFEP "M UJFNQP RVF FM QSJNFSP TF DPODFOUSB FO MBT QBSUJEBT EF OBJQFT "WFOEBÕP SF TVMUB IFSJEP QPS MB CFMMF[B EF $PTUBO[B EF BÕPT QSPIJKBEB QPS MPT WFOUFSPT .JFOUSBT TV BNJHP MF

BDVTB EF TFS WÑDUJNB EF VOB jBNPSPTB QFTUJMFODJBx FM HBMÆO JOUFOUB DPSUFKBS B MB IBDFOEPTB Z SFDPHJ EB NVDIBDIB RVF $FSWBOUFT EFTDSJCF DPO TFOTVBMJEBE Z EFUFOJEP SFHPDJKP FO FM WFTUVBSJP ojVOB HBSHBOUJMMB EF FTUSF MMBT EF B[BCBDIF TP CSF VO QFEB[P EF VOB DPMVNOB EF BMBCBT USP RVF OP FSB NF OPT CMBODB TV HBS HBOUB <y> QFOEJBOMF EF MBT PSFKBT EPT DBMB CBDJMMBT EF WJESJP RVF QBSFDÑBO QFSMBT MPT NJTNPT DBCFMMPT MF TFSWÑBO EF HBSCJO

36: 1°3&; %& 7*&%." Z EF UPDBTxo &TUB NPSBMJ[BOUF OPWFMB TPCSF MB CPOEBE FTFODJBM DPO NBUSJ NPOJP GJOBM JODMVJ EP DPOUJFOF VOB EFTBDPTUVNCSBEB DSÖOJDB EF MB WJPMB DJÖO OP DBTUJHBEB RVF FOHFOESÖ B $PTUBO[B DVZB NB ESF WJVEB IBCÑB TJ EP WÑDUJNB EFM QB ESF EF $BSSJB[P &M WJPMBEPS DVFO UB FO QSJNFSB QFSTP OB j-MFHÆOEPNF B FMMB MB EFTQFSUÍ Z UF OJÍOEPMB BTJEB GVFS UFNFOUF MF EJKF < > AOP HSJUF RVF MBT WP DFT TFSÆO QSFHPOF SBT EF TV EFTIPOSB <y> ZP MB HPDÍ DPO USB TV WPMVOUBE Z B QVSB GVFS[B NÑB < > Z EFKÆOEPMB DPNP BUPOUBEB Z TVTQFO TB NF WPMWÑ B TBMJSx

-PT DBNJOPT QBSB MB TVQFSWJWFODJB FSBO j*HMFTJB P NBS P DBTB SFBMx &O MB )JTUPSJB EFM DBVUJWP JOTFSUBEB FO FM 2VJKPUF DPNP VO FOUSFUFOJNJFOUP BTPNB MB QFSJQFDJB EF VO DBNQFTJOP MFPOÍT RVF PQUÖ QPS MB NBSJOFSÑB EF HVFSSB Z DPNP $FSWBOUFT GVF BQSFTBEP USBT -FQBOUP -BT BOTJBT CÍMJDP JNQFSJBMJTUBT WJTUBT DPNP NPOTUSVPT EF JOTBDJBCMF BQFUJUP j$BQB EF NBMEBEFTx jFTQPOKB Z QPMJMMB EF MB JOGJOJEBE EF EJOF SPT RVF BMMÑ TJO QSP WFDIP TF HBTUBCBOx &M DBQJUÆO 3VZ 1ÍSF[ EF 7JFENB OP TF NVFSEF MB MFOHVB BM IBCMBS EF MB HFTUJÖO EF MB "SNBEB FTQB ÕPMB FDIBEB B MB NBS TJO QSFWJTJÖO OJ QSP WJTJÖO oMB HBMFSB FO MB RVF OBWFHBCB $FS WBOUFT FO -FQBOUP OP MMFWBCB BQFOBT DBÕPOFT OJ NVOJ DJÖOo 1SPZFDDJÖO EFM FTDSJUPS BM JHVBM

j.JSB UÜ TJ QVFEFT IBDFS DÖNP OPT WB NPT Z TFSÆT BMMÆ NJ NBSJEP TJ RVJTJF SFT Z TJ OP RVJTJF SFT OP TF NF EBSÆ OBEB RVF -FMB .B SJÍO <MB 7JSHFO .B SÑB> NF EBSÆ DPO RVJFO NF DBTFx RVF ÍM IFSJEP EF EJT 5SBT MB NBMB FT QBSPT EF BSDBCV[ USFMMB EF WBSJPT JO oEPT FO FM QFDIP Z UFOUPT EF FWBTJÖO VOP FO MB NBOP J[ RVF UFSNJOBO FO RVJFSEBo 1ÍSF[ FT GSBDBTP MPT BNBOUFT DBQUVSBEP QPS MPT DSV[BO B &TQBÕB UVSDPT Z QBTB DJODP DPNP UBOUPT IPZ FO BÕPT DBVUJWP FO MB QBUFSB -B FNCBSDB DJVEBE EF "SHFM DJÖO TF IVOEF Z MB &M MFPOÍT SFMBUB USJQVMBDJÖO EFM CBKFM FM FODJFSSP jFM IBN GSBODÍT RVF SFTDBUB CSF Z MB EFTOVEF[x B MPT OÆVGSBHPT SPCB DPO VO MMBOP Z UFOTP B ;PSBJEB MB GPSUVOB FTUPJDJTNP TPMP SP RVF TV QBESF MF IB UP QPS MB IJTUPSJB EF CÑB FOUSFHBEP Z MBT BNPS B DJFHBT DPO MB WBMJPTBT KPZBT RVF TBSSBDFOB WFDJOB MMFWB FODJNB -PT ;PSBJEB &MMB FNQF BNBOUFT QPCSFT QF ÕBEB FO TFS DSJTUJB SP GFMJDFT TF DBTBO OB RVJFSF GVHBSTF DPO FM DBQJUÆO TJO DPOEJDJÖO BMHVOB



àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

1&34*-&4 -PT USBCBKPT EF 1FSTJMFT Z 4JHJTNVOEB GVF DPODMVJEB QPS $FSWBOUFT USFT EÑBT BOUFT EF NPSJS &T VO jNBS EF IJTUP SJBTx DPOUBEBT QPS FM BCVSSJEÑTJNP 1FSTJMFT RVF FOUSFDPSUBO MB QFSFHSJOB DJÖO B 3PNB EF EPT QSÑODJQFT OÖSEJDPT %F GPOEP MB SFCFMJÖO Z GFSP[ SFQSFTJÖO EFM DBMJGBUP EF MPT NPSJTDPT BOEBMVDFT BM[BEPT DPOUSB &TQBÕB j$PO MBT BOTJBT EF MB NVFSUF <y> QVFTUP ZB FM QJF FO FM FTUSJ CPx $FSWBOUFT TJFO UF RVF TF BDFSDB FM GJ OBM ojFM UJFNQP FT CSFWF MBT BOTJBT DSF DFO MBT FTQFSBO[BT NFOHVBOx FTDSJCF FO FM FTUSFNFDFEPS QSÖMPHPo Z DVMNJOB MB PCSB EF TV WJEB VOB QBSPEJB EF MBT OPWFMBT EF QFSJQF DJBT RVF TF MMBNBSPO CJ[BOUJOBT -PT QSPUBHPOJT UBT RVF WJBKBO CBKP MBT GBMTBT JEFOUJEB

EFT EF 1FSJBOESP 1FSTJMFT oVO QSFTV NJEP FOBNPSBEP EF TÑ NJTNP RVF EJWB HB DPO FM ÜOJDP GJO EF jNPTUSBS MB HSBOEF [B EF TV JOHFOJP Z MB FMFHBODJB EF TVT QB MBCSBTxo Z "VSJTUFMB 4JHJTNVOEB TPO NFSPT USBOTNJTPSFT EF EJMBUBEBT IJTUPSJF UBT RVF WBO EF MP FT USBGBMBSJP oVOB NV KFS RVF TF BSSPKB EF VOB UPSSF Z TF TBMWB QPSRVF TVT WFTUJEPT BDUVBSPO jEF DBN QBOBT Z EF BMBTx VO KJOFUF Z VO DBCBMMP WPMBEPSFT RVF TBMUBO EF VOB QFÕB Z BUFSSJ

$"45*--" [BO FO FM NBS EFM /PSUF o B MB EFOVO DJB EF MB HVFSSB EF SF MJHJPOFT RVF TFNCSÖ "OEBMVDÑB EF TBOHSF Z CBSCBSJEBE DVBO EP MPT NPSJTDPT BO EBMVDFT ojHFOUF CBV UJ[BEBxo TF MFWBOUBO FO BSNBT DPOUSB FM SF DPSUF EF MJCFSUBEFT DVMUVSBMFT Z FDPOÖ NJDBT QPS MPT QPEFSFT QPMÑUJDP Z SFMJHJPTP EF &TQBÕB -B jFQPQFZB DSJT UJBOBx FT VOB DSÑUJ DB B MB SFQSFTJÖO TJO QJFEBE EF MB jNPSJT DB SBMFBx RVF EVSBO UF FM MFWBOUBNJFOUP IBCÑB EFHPMMBEP B DVSBT EFSSJCBEP JHMFTJBT Z WFOEJEP B DSJTUJBOPT DPNP FT DMBWPT -B WFOHBO[B FT BÜO NÆT BUSP[ 5BO QSFTFOUF RVF JOUJNJEB

2VJ[Æ FM NFOPT QFSKVEJDBEP QPS MB GPSUVOB EF MPT QFSTPOBKFT EF $FSWBOUFT TFB FM JOGJOJUP Z IVFDP QBJTBKF EF $BTUJMMB VO DPOUJOFOUF RVF DPNP FTDSJCJÖ $FFT /PPUFCPPN jFTUÆ VOJEP B &VSPQB Z OP FT &VSPQBx 1FSP FM WBDÑP FT BQBSJFODJB FM DFOTP DBTUFMMBOP FT EF QPCMBEPSFT IVNBOPT BOJNBMFT FTQFDUSBMFT Z TPCSF UPEP EF UJFSSB QPMWPSJFOUB 1FTF B FOUSBS FO "SB HÖO Z $BUBMVÕB FM USB[P EF EPO 2VJKP UF Z 4BODIP FT UBO NBODIFHP DPNP FM RVFTP DPOTFSWBEP FO BDFJUF P FM EVMDF EF NFNCSJMMP 1BSB 'MBVCFSU FM 2VJKPUF FT VOB jOPWF MB EF QPMWPx FMFNFO UP RVF 4BMJOBT BEJWJOB IFSNBOBEP B MBT jWB HBT NBTBT GMPUBOUFTx EF MB OJFCMB oNFSFDF FM QMVSBM OJFCMBT MBT NBSÑUJNBT TPO UBO EFOTBT DPNP MBT NFO UBMFT TPCSF UPEP FO VOB UJFSSB JSSBDJPOBM

jEJTQVFTUB B QPOFSTF MB TPHB BM DVFMMP QPS EJTQBSBUFTx /PPUF CPPN o &O &M DPMP RVJP EF MPT QFSSPT $FS WBOUFT SFEVDF UPEB BT QJSBDJÖO IVNBOB FO FTF CBMEÑP EF FOTVFÕP B FDIBS MB TJFTUB jB MB TPNCSB EF BMHVOB NBUBx QBSB QPEFS TF HVJS TPÕBOEP BDBTP DPO FM NJTNP QPMWP Z MB NJTNB OJFCMB &TUBNPT BOUF MV HBSFT Z IPNCSFT RVF BÕBEF 4BMJOBT DJUBO EP B 2VFWFEP jQPMWP TFSÆO NBT QPMWP FOB NPSBEPx "EFNÆT EF USBGJDBOUFT QBTUPSFT Z NBMEJDFOUFT UPEPT

OVCMBEPT EF QFOBT $FSWBOUFT QVFCMB FM NBQB DPO VOB JO GSBIVNBOJEBE EF BQSPQJBEB DIJSJHPUB $BSBDVMJBNCSP EF .BMJOESBOJB MB IF DIJDFSB .FOUJSPOJB OB MB QSJODFTB "OUP OPNBTJB .JDPNJDÖO Z .JDPNJDPOB FM FN QFSBEPS "MJGBOGBSÖO EF 5SBQPCBOB 1FOUB QPMÑO EFM "SSFNBOHB EP #SB[P #BOEBCBS CBSÆO EF #PMJDIF "M GFÕJRVÍO Z TV IJKB .JBVMJOB FM DBCBMMFSP 1BSBMJQPNFOÖO EF MBT 5SFT &TUSFMMBT MB HJ HBOUB "OEBOEPOB Z FM HJHBOUF #SPDBCSVOP FM BDBEÍNJDP GJDUJDJP Z SFEBDUPS EF FQJUBGJPT $BDIJEJBCMP



àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

$PMFDDJÖO EF DSPNPT -B WJEB EF $FSWBOUFT .JHVFM EF $FSWBOUFT JOUFSQSFUBEP QPS FM BDUPS 1FSF 1PODF FO MB TFSJF &M .JOJTUFSJP EFM 5JFN QP Z TBMB EF MB FYQPTJDJÖO $FSWBOUFT EF MB WJEB BM NJUP FO MB #JCMJPUFDB /BDJPOBM EF &TQBÕB #/& #/& 57&

$&37"/5&4 %& -" A" " -" A;

%VEBT : $&35&;"4

5FYUP 1BVMB "SFOBT Z 7FSÖOJDB 7JDFOUF

VBUSPDJFOUPT BÕPT EFTQVÍT EF MB NVFS UF EF .JHVFM EF $FSWBOUFT 4BBWFESB TJ HVF TJO DPOGJSNBSTF TJ MB UVNCB EFM FT DSJUPS NÆT VOJWFSTBM DPO QFSEÖO EF 4IBLFTQFBSF FTUÆ P OP FO FM DPOWFOUP EF MBT 5SJOJUBSJBT EF .BESJE EPOEF TF DSFF RVF ZBDFO TVT SFTUPT EFTEF FM EF BCSJM EF EÑB RVF FM HFOJP BMDBMBÑOP GVF FOUFSSBEP "M NFOPT FTB FT MB JO UFODJÖO EF MPT USBCBKPT RVF FO KVOJP EF DPNFO[BSPO FO FM JO UFSJPS EFM DÍOUSJDP DPOWFOUP EF MB DBQJUBM 5SBCBKPT BQBESJOB EPT QPS MB JOWFTUJHBDJÖO EFM IJTUPSJBEPS 'FSOBOEP 1SBEP RVJFO EFTEF RVF TVQP RVF DPO VO HFPSSBEBS QPESÑB PCUFOFS JNÆHFOFT EFM TVCTVFMP OP IB DFKBEP FO TV FNQFÕP 6OB QPTJCMF SFTQVFT


àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

MDBMÆ "TÑ TF IB FTUVEJBEP EFTEF RVF TF SFDVFSEB Z BTÑ MP BGJSNB FM IJTQB OJTUB $BOBWBHHJP MB QBUSJB EF $FSWBOUFT GVF "MDBMÆ EF )FOBSFT 4JO FNCBSHP VO CJÖHSBGP EF $FSWBOUFT $ÍTBS #SBOEBSJ[ TPTUJFOF VOB UFTJT EJGFSFOUF FO MPT USFT UPNPT RVF EFM BVUPS IB FTDSJUP Z FT RVF FM FTDSJUPS OBDJÖ FO MB BMEFB $FSWBOUFT FO 4BOBCSJB ;BNPSB ÜTRVFEB %PT TPO MBT QJTUBT RVF TF HVÑB EFTEF FM QSJODJQJP -VJT "WJBM EJ SFDUPS EF $ÖOEPS (FPSSBEBS FO TV CVT DB EF MPT SFTUPT EFM BVUPS MB QSPCBCJMJ EBE EF RVF MB NVKFS EFM FTDSJUPS FTUVWJFSB FOUFSSBEB KVOUP B ÍM Z MB QPTJCMF DPN QBSBDJÖO EF "%/ DPO VOB IFSNBOB EF $FSWBOUFT &M GÑTJDP EFM BVUPS FSB UBNCJÍO BMHP GVOEBNFOUBM FM CSB[P BUSPGJBEP Z EPT IFSJEBT EF BSDBCV[ FO FM QFDIP " GBMUB EF EJDIP DPUFKP HFOÍUJDP VO QSPDFTP DBSP Z NVZ DPNQMJDBEP FM FRVJQP EFM BOUSPQÖ MPHP GPSFOTF 'SBODJTDP &UYFCFSSÑB BOVO DJBCB FM EF NBS[P EF RVF FSB jQP TJCMF DPOTJEFSBSx RVF FOUSF MPT SFTUPT IB MMBEPT FO FM DPOWFOUP EF MBT 5SJOJUBSJBT EF .BESJE EFTQVÍT EF OVFWF NFTFT EF CÜT RVFEB TF FODPOUSBTFO jBMHVOPT GSBHNFO UPTx EFM FTDSJUPS PSOVEP j-B EF &TRVJWJBT EFTQSFDJÖ TJFNQSF B -PQF EF 7FHB QPS IBCFS MMB NBEP DPSOVEP FO VO TPOFUP B $FSWBOUFTx BGJSNB 4FHJTNVOEP -VFOHP BVUPS EF $B UBMJOB EF &TRVJWJBT 4JBM /P TPO QPDPT MPT RVF BTFHVSBO RVF $FSWBOUFT FSB BTÑ MMBNB EP QPS TV DPOUSJODBOUF MJUFSBSJP TJFNQSF RVF UFOÑB PDBTJÖO JWPSDJP &T &M KVF[ EF MPT EJWPSDJPT TJ OP MB QSJNFSB VOB EF MBT QSJNFSBT WF DFT RVF FO MB MJUFSBUVSB VOJWFSTBM TF USBUB FM EJWPSDJP &O MB QJF[B DPO FM IVNPS QSP QJP EF FTUBT QFRVFÕBT PCSBT $FSWBOUFT JMVTUSB FM BTVOUP DPO MBT IJTUPSJBT EF DVB USP NBUSJNPOJPT RVF RVJFSFO EJWPSDJBSTF TRVJWJBT %F FTUB UJFSSB UPMFEBOB FT $BUBMJOB EF 4BMB[BS MB KPWFO EF BÕPT DPO MB RVF TF DBTBCB FM BVUPS FM EF EJ DJFNCSF EF 5SBT VO CSFWF OPWJB[ HP DPOUSBKP NBUSJNPOJP DPO FTUB OPCMF Z DVMUB NVKFS B MB RVF DBTJ EPCMBCB MB FEBE $BUBMJOB RVF TF DBTÖ EF MVUP QPS TV QBESF FSB DPNP MB NBZPSÑB EF MBT NVKFSFT RVF GPSNBSPO QBSUF EF MB WJEB EFM FTDSJUPS EF QFOTBNJFOUP BWBO[BEP Z MJCFSBM FNJOJTUB "TÑ MP TPTUJFOF FM QSPGFTPS F JOWFTUJHBEPS + 'SBODJTDP 1FÕB j&M BN CJFOUF GBNJMJBS EF $FSWBOUFT IB FTUBEP FO MB CBTF EF MB BDUJUVE GFNJOJTUB RVF EFGJ OF BMHVOBT EF TVT PCSBT &T TJHOJGJDBUJWP DÖNP MB BENJSBDJÖO RVF $FSWBOUFT TJFOUF QPS TVT IFSNBOBT MF MMFWB B EFGFOEFS VO UJ QP EF NVKFS RVF TF BDFSDB B MB WJEB RVF FT UBT MMFWBSPO /JOHVOB EF MBT IFSNBOBT EF $FSWBOUFT TF DBTÖ MP RVF OP RVJFSF EFDJS RVF OP UVWJFSBO SFMBDJPOFT DPO IPN CSFT %F IFDIP MBT IFSNBOBT EF $FSWBO UFT TJHVJFOEP RVJ[ÆT MB USBEJDJÖO EF TV UÑB BCVFMB NBOUVWJFSPO TV JOEFQFOEFODJB FDPOÖNJDB MP RVF FO TV ÍQPDB TPMP TF QPEÑB DPOTFHVJS BQSPWFDIÆOEPTF EF MPT IPNCSFT 4V MJCFSUBE FT MB MJCFSUBE EF MB

"

#

$

% &

UB B VOB EF MBT NVDIBT MBHVOBT RVF PGSF DF MB CJPHSBGÑB EF $FSWBOUFT EF DVZB WJ EB OP TBCFNPT NVDIP BM NFOPT OP DPO UPEB DFSUF[B )BZ FTQBDJPT DBTJ FO CMBO DP FO TV FYJTUFODJB DPNP MPT SFGFSFOUFT B TV GPSNBDJÖO Z UFTJT RVF TF DPOUSBEJDFO &OUSF MPT DFSWBOUJTUBT FYJTUF EJWFSTJEBE Z CBTUBOUF FYUFOTB EF PQJOJPOFT &M DSFB EPS NÆT DPOPDJEP EF UPEPT MPT UJFNQPT FT TJO FNCBSHP VOP EF MPT IPNCSFT RVF NF OPT DPOPDFNPT )BTUB MB GFDIB EF TV OB DJNJFOUP FT BÜO NPUJWP EF EVEB Z MB EF TV NVFSUF IBTUB OP IBDF UBOUP UJFNQP GVF PSJHFO EF FRVÑWPDPT DPNP RVF FM %ÑB EFM -JCSP TF DFMFCSF FM EF BCSJM FO DPONF NPSBDJÖO EF TV GBMMFDJNJFOUP QFTF B RVF FM BVUPS NVSJÖ VO EÑB BOUFT UBM EÑB DPNP IPZ VO EF BCSJM EF IBDF DVBUSP TJHMPT

'

NVKFS GSFOUF B MB FTUSVDUVSB TPDJBM RVF DPO EJDJPOB MB WJEB EF MB NVKFS BM NBUSJNP OJP Z QPS UBOUP BM FODMBVTUSBNJFOUPx BMBUFB -B QSJNFSB OPWFMB EF $FSWBO UFT -B (BMBUFB NVFTUSB MB NBFTUSÑB EFM BVUPS RVF NF[DMB QSPTB Z WFSTP FO VOB IJTUPSJB FO MB RVF QPDP IBZ EF BVUPS QSJ NFSJ[P FSNBOB &T MB DPNQBSBDJÖO FOUSF FM "%/ EFM OPWFMJTUB DPO FM EF TV IFS NBOB NBZPS MB NPOKB -VJTB EF #FMÍO $FS WBOUFT FOUFSSBEB FO VO DPOWFOUP EF "MDB MÆ EF )FOBSFT MP RVF QFSNJUJSÑB DPOUSBT UBS TVT JEFOUJEBEFT MFHÑUJNB &T *TBCFM MB IJKB JMFHÑUJNB EF $FSWBOUFT Z EF MB DPOTJEFSBEB QPS 'SBO DJTDP 1FÕB VOB EF MBT NVKFSFT NÆT NJTUF SJPTBT EF MB WJEB EFM FTDSJUPS "OB 'SBODB j4J MB SFMBDJÖO EF $FSWBOUFT DPO FMMB FT DJFS UB EFCJÖ FNQF[BS IBDJB QPSRVF FO MPT TVDFTPT EF 7BMMBEPMJE FO TV IJKB *TB CFM DPOGJFTB UFOFS BÕPT 0USPT JOWFTUJ HBEPSFT BGJSNBO RVF *TBCFM GVF IJKB EF .BHEBMFOB &O UPEP DBTP .BHEBMFOB IFS NBOB EF .JHVFM BTVNJSÆ FM DVJEBEP EF *TBCFMx BTFHVSB FM EJSFDUPS EF MB DBTB NV TFP EF $FSWBOUFT FO 7BMMBEPMJE FTVJUBT &OUSF MBT NVDIBT MBHVOBT RVF IBZ FO MB WJEB EFM FTDSJUPS TV GPSNB DJÖO GJHVSB FOUSF FMMBT j&M UFTUJNPOJP EF #FSHBO[B FO &M DPMPRVJP EF MPT QFSSPT OP CBTUB QBSB BGJSNBS RVF .JHVFM GVFSB BMVN OP EFM DPMFHJP GVOEBEP BMMÑ QPS MPT QB ESFT KFTVJUBTx TFÕBMB $BOBWBHHJP j&TUF NFSDBEFS QVFT UFOÑB EPT IJKPT FM VOP EF EPDF Z FM PUSP EF IBTUB DBUPSDF BÕPT MPT DVBMFT FTUVEJBCBO HSBNÆUJDB FO FM FT UVEJP EF MB $PNQBÕÑB EF +FTÜTx FT FM UFY UP FO FM RVF TF IB CBTBEP UBM DSFFODJB JMPT %PT LJMPT EF PSP EVDBEPT RVF IPZ TFSÑBO FVSPT GVF FM QSFDJP RVF QVTJFSPO B MB WJEB EF $FSWBOUFT MPT QJSBUBT RVF MF TFDVFTUSBSPO BOUF MBT DPT UBT DBUBMBOBT FM EF TFQUJFNCSF EF j-B HBMFSB FO MB RVF WJBKBCB EFTEF /ÆQP MFT GVF BQSFTBEB QPS DPSTBSJPT &M SFTDBUF FSB NVZ HSBOEF QBSB TV GBNJMJB RVF OP QV EP QBHBSMP Z GVF MMFWBEP QSFTP 4JO FNCBS HP IBCFS TJEP DPOTJEFSBEP DPNP VO AIPN CSF HSBWF MF QFSNJUJÖ BM TPMEBEP DPEFBS TF DPO MPT DBVUJWPT NÆT JNQPSUBOUFT EF "SHFM Z OP FTUBS DPOEFOBEP B VOB NVFS UF TFHVSB DPNP DBVUJWP EF BMNBDÍO MP RVF MF DPSSFTQPOEFSÑB QPS TV FTUBUVT TPDJBMx BTFHVSB +PTÍ .BOVFM -VDÑB .FHÑBT BV UPS EFM MJCSP -B KVWFOUVE EF $FSWBOUFT &EJ UPSJBM &%"' PQF EF 7FHB &T FO TV DBMMF EPOEF TF TJ UÜB MB NBESJMFÕB DBTB EF $FSWBOUFT FO FM IPZ MMBNBEP #BSSJP EF MBT -FUSBT Z DV SJPTBNFOUF FT FO MB DBMMF $FSWBOUFT EPOEF TF VCJDB MB DBTB NVTFP EF -PQF EF 7FHB BODP /P MF GBMUBCB MB NBOP MP RVF PDVSSÑB FT RVF OP UFOÑB NPWJMJEBE FO QBSUF EFM CSB[P Z MB NBOP &O MB CBUBMMB EF -F QBOUP SFDJCJÖ EPT BSDBCV[B[PT FO FM QFDIP Z FO FM BOUFCSB[P J[RVJFSEP Z FTUP MF WBMJÖ FM BMJBT EFM .BODP EF -FQBOUP 4FHÜO MB UFPSÑB EFM IJTUPSJBEPS -VDÑB .FHÑBT UBNCJÍO EF TV CSB[P BOVMBEP QSPDFEFSÑB TV TFHVOEP BQFMMJ

(

) *

+

,

-

.


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

3FUSBUP EF $FSWBOUFT EF /BOUFVJM $ÍMFTUJO BOVODJP QVCMJDJUBSJP EF -B 1BTTJGMPSJOF TFSJF EF EJCVKPT BOJNBEPT %PO 2VJKPUF Z FM DVBESP EF .BSJBOP EF MB 3PDB Z %FMHBEP $FSWBOUFT JNBHJOB FM 2VJKPUF #/& ¨ +04° ."/6&- -6$´" .&(´"4 A-" +67&/56% %& $&37"/5&4 &%"'

EP RVF GVF BEPQUBEP ZB RVF TV TFHVOEP BQFMMJEP GBNJMJBS FO SFBMJEBE FSB $PSUJ OBT j&T VO NPUF RVF FM BVUPS UPNB EF "S HFM QVFT FO FM EJBMFDUP BSHFMJOP 4BBWFESB FT ACSB[P FTUSPQFBEP "TÑ MP RVF GVF VO JOTVM UP FO TV DBVUJWFSJP ÍM MP DPOWJFSUF FO VO SFDVFSEP EF TV QBTP QPS MB DJVEBEx BDJNJFOUP %VEB EF MB GFDIB FM CJÖ HSBGP DFSWBOUJOP #SBOEBSJ[ j&O FM QSÖ MPHP EF MBT /PWFMBT FKFNQMBSFT ÍM NJTNP EJ DF RVF OBDJÖ FO Z OP FO DPNP BQB SFDF FO MB QBSUJEB EF CBVUJTNP 5BNCJÍO QPS MBT /PWFMBT TBCFNPT RVF GVFSPO FOWJBEBT B TV QSPUFDUPS Z QBJTBOP FM DPOEF EF -FNPT FO Z BIÑ DPOGJFTB TV FEBE BÕPTx PÕP &TUF BEKFUJWP FT QSFDJTBNFOUF FM BOUÖOJNP EF DVBMRVJFSB RVF QVFEB EFGJOJS BM HFOJP EF "MDBMÆ TV CJPHSBGÑB Z TV MFHBEP MJUFSBSJP /P GVF ÕPÕB TV WJEB UBN QPDP TV PCSB OJ TV JOTQJSBDJÖO OJ TVT QFS TPOBKFT OJ MBT NVKFSFT RVF MF SPEFBSPO VSFOTF 0USB UFPSÑB BGJSNB RVF EF BMMÑ Z EF -VHP QPESÑBO TFS PSJHJOBSJPT MPT BOUFQBTBEPT EF $FSWBOUFT BQFMMJEBEPT 4B BWFESB Z RVF DPOTUJUVZFO QBSB #SBOEBSJ[ MB NFKPS NBOFSB EF TBCFS TJ MPT SFTUPT EFM BVUPS TPO EF ÍM j%F JEFOUJGJDBSTF TVT SFT UPT FTF QPTJCMF DPUFKP EFM "%/ EFCFSÑB FY UFOEFSTF Z BNQMJBSTF B MPT SFTUPT NÆT BO UJHVPT EF MPT NVDIPT 4BBWFESB FOUFSSBEPT FOUSF MPT TJHMPT 97* Z 97** FO 4BOBCSJBx SJTJÖO $JODP BÕPT FTUVWP QSFTP FO "S HFM WJWFODJB RVF NBSDÖ TV PCSB TPCSF UPEP -PT USBUPT EF "SHFM Z -PT CBÕPT EF "SHFM BTÑ DPNP MB )JTUPSJB EFM DBVUJWP FO FM 2VJKPUF 1SJTJÖO EF MB RVF IBTUB DVB USP WFDFT RVF TF TFQB JOUFOUÖ FTDBQBS

/

¸ 0

1

VJKPUF &M BÕP QBTBEP TF DVNQMJÖ FM DVBSUP DFOUFOBSJP EF MB TFHVOEB QBSUF EF &M JOHFOJPTP IJEBMHP EPO 2VJKPUF EF MB .BODIB MB QSJNFSB TF QVCMJDÖ FO /P TP MP FT MB PCSB NÆT USBEVDJEB EFTQVÍT EF MB #J CMJB TJOP RVF TF IB DPOWFSUJEP UBNCJÍO FO VO DBMJGJDBUJWP j/P TFBT RVJKPUFx FDBVEBEPS "EFNÆT EF TPMEBEP Z FT DSJUPS FM MMBNBEP B TFS MB QSJNFSB GJ HVSB EF OVFTUSBT MFUSBT Z VOB EF MBT GVOEB NFOUBMFT EFM NVOEP FOUFSP GVF SFDBVEB EPS EF JNQVFTUPT 5SBT TFS MJCFSBEP EFM DBVUJWFSJP FO "SHFM Z EBEB MB OFDFTJEBE EF PCUFOFS SFDVSTPT QBSB TPCSFWJWJS UVWP RVF QSFTUBS TFSWJDJPT FO MB )BDJFOEB 3FBM EF 'FMJQF ** FJT 4PO MPT EJFOUFT RVF MF RVFEBCBO DVBOEP GVF FOUFSSBEP &M FRVJQP JOWFT UJHBEPS GPSFOTF IB FYQMJDBEP RVF OP TF IBO JOEJWJEVBMJ[BEP QPS FM NPNFOUP MPT SFT UPT EF $FSWBOUFT FOUSF MPT IBMMBEPT FO MB JHMFTJB EF MBT 5SJOJUBSJBT &O DVBMRVJFS DBTP MP EFTDVCJFSUP FTUÆ FO NBM FTUBEP Z QSÆDUJDBNFOUF TF SFEVDF B jFTRVJSMBTx BSUBNVEP -P GVF EVSBOUF UPEB TV WJ EB P BM NFOPT BTÑ MP EFGJFOEF FOUSF PUSPT FM EPDUPS ©OHFM 3PESÑHVF[ $BCF [BT RVF UBNCJÍO FT RVJFO BGJSNB RVF DPO USBKP FM QBMVEJTNP Z RVF MB EJBCFUFT QVEP TFS MB DBVTB EF TV NVFSUF GSFOUF B MB DSFFO DJB EF RVF GVF VOB DJSSPTJT "TÑ MP FTDSJCJÖ FM QSPQJP BVUPS j4FSÆ GPS[PTP WBMFSNF QPS NJ QJDP RVF BVORVF UBSUBNVEP OP MP TFSÍ QBSB EFDJS WFSEBEFT x OJWFSTBM &T VO UÖQJDP QFSP FO TV DB TP SFBM NÆT SFBM RVF FO DVBMRVJFS PUSP $FSWBOUFT FT KVOUP DPO 4IBLFTQFB

2 3

4

5

6

SF P DPO QFSEÖO EFM BVUPS EF )BNMFU FM FTDSJUPS NÆT VOJWFSTBM JMMBOVFWB EF MPT *OGBOUFT &M DBUFESÆ UJDP EF 4PDJPMPHÑB EF MB $PNQMVUFOTF 'SBODJTDP 1BSSB TFHVSP EF TV UFTJT IB SF UBEP B MPT FYQFSUPT DFSWBOUJTUBT B RVF EF NVFTUSFO RVF 7JMMBOVFWB EF MPT *OGBOUFT $JV EBE 3FBM OP FT jFM MVHBS EF MB .BODIBx BM RVF TF SFGJFSF .JHVFM EF $FSWBOUFT FO FM 2VJKPUF Z EF DVZP OPNCSF jOP RVFSÑB BDPSEBSTFx JMMJBN 4IBLFTQFBSF /P NVSJF SPO FM NJTNP EÑB &M %ÑB *OUFSOBDJP OBM EFM -JCSP TF DPONFNPSB FM EF BCSJM QPSRVF FTF EÑB EF TF TVQPOF RVF GBMMFDJFSPO $FSWBOUFT Z 4IBLFTQFBSF 1F SP $FSWBOUFT NVSJÖ VO EÑB BOUFT Z GVF FO UFSSBEP FM Z 4IBLFTQFBSF FM EF NBZP $PNP MBT BTQBT EF NPMJOP DPOUSB MBT RVF EPO 2VJKPUF MVDIBCB FO FTB JSPOÑB EFM BVUPS RVF BQVOUBCB EJSFDUB NFOUF BM QFDIP EF MBT OPWFMBT EF DBCBMMF SÑBT B MBT RVF TV HSBO PCSB QBSPEJBCB P RVF TJFNQSF USBCBKP Z NF EFTWF MP QPS QBSFDFS RVF UFOHP EF QPFUB MB HSBDJB RVF OP RVJTP EBSNF FM DJFMPx "TÑ MP FTDSJCJÖ $FSWBOUFT RVF QFTF B RVF DVMUJWÖ MB QPFTÑB OVODB HP[Ö EF HSBO GPS UVOB DPNP QPFUB 4J ZB FT IBCJUVBM RVF FO UPEPT MPT HSBOEFT BVUPSFT VOB TFB TV HSBO PCSB FO TV DBTP NVDIP NÆT PSBJEB &T MB CFMMB NPSB ;PSBJEB VOP EF MPT EJWFSTPT Z SJDPT QFSTPOBKFT RVF DPNQPOFO FM 2VJKPUF QMBHBEP EF IJTUP SJBT EFOUSP EF MB HSBO IJTUPSJB EF FTF IJ EBMHP NFEJP MPDP Z BOTJPTP QPS BDBCBS DPO DVBMRVJFS NPMJOP EF WJFOUP RVF TF MF QVTJFSB QPS EFMBOUF

7

8 9 :

;



ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

&/53&7*45"

j&M A2VJKPUF UJFOF VOB GJMPTPGÑB NVZ SB[POBCMF OP FT )FHFM OJ ,BOUx '3"/$*4$0 3*$0 "DBEÍNJDP F JOWFTUJHBEPS Z FEJUPS EFM A2VJKPUF

5FYUP %BWJE 3PKP 'PUPHSBGÑB &MFOB #VFOBWJTUB

SBODJTDP 3JDP #BSDFMPOB FT BDB EÍNJDP EF MB MFOHVB GJMÖMPHP F IJTUPSJB EPS EF MB MJUFSBUVSB )B EJSJHJEP MB NÆT DPNQMFUB FEJDJÖO DSÑUJDB EFM 2VJKPUF QV CMJDBEB QPS MB 3FBM "DBEFNJB &TQBÕP MB 3"& DPO MBT BQPSUBDJPOFT EF VO DFOUFOBS EF FTQFDJB MJTUBT 5BNCJÍO IB IFDIP TV QSPQJB MJNQJB EFM UFYUP TPCSF MBT BOEBO[BT EF "MPOTP 2VJKBOP FMJNJOBOEP MP RVF TF BÕB EJÖ FO MB JNQSFOUB QFSP $FSWBOUFT OVODB FTDSJCJÖ $PO QBSUF EF MB CJCMJPUFDB RVF EPOÖ o FKFNQMBSFTo B MB 6OJWFSTJ EBE "VUÖOPNB EF #BSDFMPOB TF IB PSHBOJ[BEP VOB FYQP TJDJÖO DPO VO CVFO QVÕBEP EF FEJDJPOFT EJTUJOUBT EF MB PCSB &TB EFEJDBDJÖO JOUFOTJWB BM 2VJKPUF OP MF IB JNQFEJEP GJKBS UBN CJÍO MB NJSBEB TPCSF MB PCSB EF 1FUSBSDB P FM -B[BSJMMP EF 5PSNFT QSPUBHPOJTUB EF TV EJTDVSTP EF JOHSFTP FO MB 3"& 1F SP BM IJEBMHP NBODIFHP TJFNQSF WVFMWF DPO BGÆO EF EJWFSTJÖO Z MB NJTNB QBTJÖO RVF MF EFDMBSB BM UBCBDP VO WJDJP RVF IV NFB EVSBOUF UPEB MB FOUSFWJTUB )BCMB VTUFE EFM 2VJKPUF DPO QBTJÖO Z EJWFSTJÖO QFSP OP TF QSFTUB B USBTMBEBS BM JOHFOJPTP IJEBMHP BM BRVÑ Z BIPSB 4F IBDF NVDIP 2VÍ TFOUJEP UJFOF $POUSB RVÍ MVDIBSÑB RVJÍOFT TFSÑBO IPZ TVT FOFNJHPTy &T VOB UPOUFSÑB ZB IFNPT BDBCBEP {/P UJFOF TFOUJEP TJRVJFSB JOUFOUBSMP 1BSB FNQF[BS IBCSÑB RVF UFOFS NVZ DMBSP RVÍ FT Z RVÍ QBSF DF EPO 2VJKPUF {4VFMF IBCFS DPOGVTJÖO FOUSF MP VOP Z MP PUSP 7BNPT B EFDJS DPTBT TFSJBT &NQJF[B MB QBSUF OBSSBUJWB EJ DJFOEP j&O VO MVHBS EF MB .BODIB EF DVZP OPNCSF OP RVJF SP BDPSEBSNFyx /BEB EF FTP TJHOJGJDB MP RVF MB HFOUF DSFF 1B SB FNQF[BS MVHBS OP RVJFSF EFDJS FO VO TJUJP FO VOB VCJ DBDJÖO -VHBS FT VOB FOUJEBE EF QPCMBDJÖO RVF OP FT UBO HSBOEF DPNP MB WJMMB OJ QPS TVQVFTUP DPNP MB DJVEBE OJ UBO QFRVFÕB DPNP MB BMEFB &T VO QVFCMJUP %FM NJTNP NPEP RVF jEF DV

'SBODJTDP 3JDP BDBEÍNJDP EF MB 3"& FO MB TBMB EF MB CJCMJP UFDB BDBEÍNJDB EF MB JOTUJUV DJÖO TJUVBEB KVOUP BM .VTFP /BDJPOBM EFM 1SBEP


àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

ZP OPNCSF OP RVJFSP BDPSEBSNFx OP RVJFSF EFDJS RVF OP RVJFSB TJOP RVF OP TF BDVFSEB RVF OP MMFHB B BDPSEBSTF &NQF[BNPT FOUFOEJÍOEPMP UPEP NBM "MPOTP 2VJKBOP WJWF FO VO MVHBS EF MB .BO DIB BJTMBEP QPS DPOTJHVJFOUF EF PUSPT IPNCSFT EF TV DPOEJDJÖO TJO QPEFS QSBD UJDBS MPT EFQPSUFT DBCBMMFSFTDPT MBT KVTUBT Z MPT UPSOFPT RVF FO DJVEBEFT DPNP #BS DFMPOB P ;BSBHP[B NBOUFOÑBO FOUSFUF OJEB B MB OPCMF[B TFHÜO RVFSÑB KVTUBNFO UF 'FMJQF ** 1PS FTP TF MF PDVSSF TBMJS EF TV MVHBS QBSB JS B ;BSBHP[B EPOEF UFOÑBO MV HBS VOBT GJFTUBT DBCBMMFSFTDBT NVZ DFMF CSBEBT &TP TÑ RVF UJFOF BMHVOB TJUVBDJÖO DPN QBSBCMF FO MB BDUVBMJEBE 2VJ[Æ OP DPO MPT NÆT NBZPSFT QFSP TÑ DPO MPT NÆT KÖWFOFT RVF RVJTJFSBO TFS GVU CPMJTUBT GBNPTPT P UFOJTUBT P DBOUBOUFT Z TBMJS EFM QVFCMP 1FSP FT VO QPDP FTB JEFB FTB OPDJÖO 1FSP UBNQPDP OP UJFOF QB SBOHÖOy $BEB ÍQPDB FT EJTUJOUB {2VÍ MF BUSBF EF FTUB PCSB &T VO MJCSP NVZ EJWFSUJEP FOUSFUFOJEÑTJ NP 5JFOF BMHVOBT QBSUFT NFOPT BUSBDUJ WBT RVF DVBOEP BQBSFDF EPO 2VJKPUF FO FT DFOB 1FSP FT VO MJCSP NVZ EJWFSUJEP NVZ TFODJMMP RVF OP UJFOF OJOHÜO NJTUFSJP OJOHÜO TFOUJEP PDVMUP RVF OP FODVCSF HSBOEFT FOTFÕBO[BT &T MB EJWFSTJÖO EFM QSPUBHPOJTUB DVBOEP FTUÆ MPDP Z FO JHVBM TFOUJEP FM TFOUJEP DPNÜO EFM QSPUBHPOJT UB DVBOEP RVJ[Æ MB NBZPS QBSUF EFM UJFN QP TF FYQSFTB DPNP DVFSEP 1FSP VTUFE Z UBO j-JNQJBS MBT UPT PUSPT IBO EFEJ DBEP NVDIP USB QÆHJOBT EFM CBKP B JOUFSQSFUBS A2VJKPUF FT MP IBTUB FM EFUBMMF VO USBCBKP 4F IBCMB EF MB GJMPTP GBTDJOBOUF GÑB EFM 2VJKPUF 1FSP MB GJMPTPGÑB EFM 2VJKP DBTJ EF UF FT EFM UJQP EF VOB EFUFDUJWFTx GSBTF RVF EJDF j.ÆT j%PO 2VJKPUF WBMF VO EJFOUF RVF VO EJBNBOUFx &T Z 4BODIP TPO VOB GJMPTPGÑB NVZ QFSTPOBKFT B SB[POBCMF EF RVF DPOTFSWFNPT MPT MPT RVF EJFOUFT QFSP OP FT FTUBSÑBNPT )FHFM OJ FT ,BOU NJSBOEP &TB FT MB GJMPTPGÑB EFM TJFNQSFx 2VJKPUF VO TFOUJEP DPNÜO DPO FM RVF UPEP FM NVOEP FTUÆ EF BDVFSEP RVF OP QSPWPDB EJTFOTJPOFT RVF FT SB[POBCMFy {2VÍ BQPSUB TV FEJDJÖO EFM 2VJKPUF -B QFPS FEJDJÖO EFM 2VJKPUF FT MB QSJNFSB QPSRVF FTUÆ MMFOB EF DPSUFT Z TPCSF UP EP NVDIBT NPSDJMMBT DPTBT RVF OP TPO EF $FSWBOUFT -P NÆT JNQPSUBOUF EF NJ FEJDJÖO FT RVF QPS QSJNFSB WF[ QPS QSP DFEJNJFOUPT RVF IPZ UFOFNPT Z TBCJFO EP DÖNP USBCBKBCBO MBT JNQSFOUBT IF QSP DVSBEP MJNQJBS FM UFYUP EF MPT QBTBKFT CSF WFT GSBHNFOUPT QBMBCSBT FUDÍUFSB RVF FTUÆO FO MB QSJNFSB FEJDJÖO Z RVF UPEBT MBT EFNÆT SFQJUFO Z RVF TJO FNCBSHP DPO BCTPMVUB TFHVSJEBE OP TPO EF $FSWBOUFT

5BNQPDP UFOFNPT VO NBOVTDSJUP EF $FSWBOUFT QBSB DPUFKBS (SBDJBT B %JPT 5BNQPDP TFSWJSÑB EF HSBO DPTB 4FSWJSÑB QFSP OP QPSRVF FO MB JN QSFOUB MVFHP TF IBDFO DBNCJPT 4F QVF EFO IBDFS QPS QBSUF EFM BVUPS TJ TF DPSSJHFO QSVFCBTy &OUPODFT {DÖNP TF TBCF RVÍ FT TV ZP Z RVÍ OP <.VFTUSB FO TV NÖWJM VOB JNBHFO EF VOB QÆHJOB> 1PS FKFNQMP FTUB FT VOB QÆHJOB EF DPNJFO[P EF DBQÑUVMP RVF MMFWB WBSJPT UJ QPT Z DVFSQPT EF MFUSB Z VOB MFUSB DBQJUBMy 1VFT BRVÑ QBSB BKVTUBS Z RVF MB QÆHJOB DVB ESF IBO BÕBEJEP MB QBMBCSB jBVEBDÑTJNPx {$ÖNP TÍ ZP RVF FT BVEBDÑTJNP 1PS WBSJBT SB[POFT QPSRVF VOP EF MPT USVDPT NÆT OPSNBMFT DVBOEP UFOÑBO FTUF UJQP EF QSP CMFNBT FO MBT JNQSFOUBT EF MB ÍQPDB FSB QPOFS VOB QBMBCSB NVZ MBSHB &M FKFNQMP DMÆTJDP FT FM jQBDJFOUÑTJNP +PCx : QPS PUSB QBSUF QPSRVF $FSWBOUFT EFTDPOPDF MB QBMBCSB BVEB[ OP MB VUJMJ[B OVODB )BZ JO GJOJUPT USVDPT EF FTUF FTUJMP RVF TF VUJ MJ[BO FO FM 2VJKPUF Z FO UPEPT MPT MJCSPT EF MB ÍQPDB QBSB RVF MBT QÆHJOBT DVBESFO 1BSFDF VO USBCBKP MBCPSJPTP )BZ NÆT EF VO DFOUFOBS EF QÆHJOBT EFM 2VJKPUF RVF TF QVFEFO DPSSFHJS 2VF OP DBNCJB FM TFOUJEP EF MB PCSB QFSP FT FM UFYUP NÆT FYBDUP EF $FSWBOUFT {&M BVUPS RVFEBSÑB TBUJTGFDIP TJ MP WJFSB 1BTB RVF EPO 2VJKPUF Z 4BODIP TPO QFS TPOBKFT B MPT RVF FTUBSÑBNPT NJSBOEP TJFNQSF &TP FT MP RVF RVFSÑBO MPT MFDUP SFT : QPS FTP FO MB TFHVOEB QBSUF QSÆD UJDBNFOUF $FSWBOUFT OP JOUFSDBMB OP WFMBT OJ FQJTPEJPT EF BWFOUVSBT Z DPS TBSJPT DPNP FO MB QSJNFSB : FTP B $FSWBOUFT OP MF HVTUB OBEB -F BCVSSF &TDSJCF FM BVUPS RVF UFOJFOEP FOUFOEJ NJFOUP Z TBCFSFT QBSB IBCMBS EFM VOJWFS TP FOUFSP QJEF RVF MF EFO HSBDJBT OP QPS MP RVF IB FTDSJUP TJOP QPS MP RVF IB EF KBEP EF FTDSJCJS 4J $FSWBOUFT TF DBOTÖ EF EPO 2VJKPUF {VTUFE OP TF IB DBOTBEP /P QPSRVF ZP OP NF EFEJDP BM PCKFUJWP MJ UFSBSJP EFM 2VJKPUF :P NF EFEJDP BM UFYUP DPNP VO GJMÖMPHP : TJFNQSF WPZ FODPO USBOEP DPTBT 1PSRVF DVBOEP FYBNJOBT VOB QÆHJOB EFM 2VJKPUF IBZ RVF MFFSMB NVDIBT WFDFT Z WBT WJFOEP DPTBT FO FTB QÆHJOB RVF UF IF FOTFÕBEP IBZ DJODP P TFJT BÕBEJEPT : FT VO USBCBKP GBTDJOBO UF DBTJ EF EFUFDUJWFT {$VÆM FT TV QBTBKF QSFGFSJEP " NÑ NF HVTUB NVDIP DVBOEP WVFMWF EPO 2VJKPUF B MB BMEFB FM ÜMUJNP P QFOÜM UJNP DBQÑUVMP Z VOPT OJÕPT FTUÆO KVHBO EP DPO VOB MJFCSF 6OP EF MPT DIJDPT TF MB RVJUB B PUSP : VOP MF EJDF BM PUSP j/P MB WFSÆT NÆTx : EPO 2VJKPUF RVF PZF FTP MP FOUJFOEF SFGFSJEP B ÍM Z B %VMDJOFB 2VF OP WFSÆ NÆT B %VMDJOFB BVORVF OP MB IB WJTUP OVODB QPSRVF OP FYJTUF FOUSF PUSBT DPTBT : TF QPOF NVZ NFMBO DÖMJDP Z WB BM QVFCMP DVBOEP ZB FTUÆ DB ZFOEP FM TPM : TF NFUF FO MB DBNB Z TF NVFSF &TF USP[P B NÑ NF HVTUB


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

-PQF EF 7FHB 4V DBTB TF TJUVBCB FO MB DBMMF $BOUBSSBOBT oIPZ -PQF EF 7FHBo &M SÖUVMP SFGMFKBCB FM DSPBS EF FTUPT BOGJCJPT RVF BMMÑ TF FTDVDIBCB -BT ÜOJDBT DPOTUSVDDJPOFT RVF IBO TPCSFWJWJEP BM QBTP EF MPT TJHMPT TPO MB WJWJFOEB EF -PQF MB JHMFTJB EF 4BO 4FCBTUJÆO Z FM DPOWFOUP EF MBT 5SJOJUBSJBT EPOEF TF DSFF RVF ZBDF $FSWBOUFT

&4$3*503&4 : 7&$*/04 %& ."%3*% &/ &- 4*(-0 %& 030

5FYUP +VMJ "NBEFV ¬SJBT

"MHVOPT EF MPT BVUPSFT NÆT SFWFSFODJB EPT EFM 4JHMP EF 0SP EF MB MJUFSBUVSB FO MFOHVB DBTUFMMBOB GVFSPO BMHP NÆT RVF DPFUÆOFPT .JHVFM EF $FSWBOUFT UVWP DP NP JMVTUSFT WFDJOPT FOUSF PUSPT B -PQF EF 7FHB 2VFWFEP Z (ÖOHPSB SB[ÖO QPS MB RVF FTUF CBSSJP NBESJMFÕP RVF BOUFT GVF FM EF MBT )VFSUBT TF DPOPDF IPZ DP NP FM EF MBT -FUSBT P MBT .VTBT /P FT VOB BGPSUVOBEB DBTVBMJEBE -PT FTDSJUPSFT EF MB ÍQPDB CVTDBCBO WJWJS DFS DB EF MPT USFT NFOUJEFSPT RVF TF DPODFO USBCBO FO FTUB CBSSJBEB EF .BESJE 1FSP NÆT BMMÆ EF MB GFMJ[ DPJODJEFODJB IJTUÖ

SJDB MB SFMBDJÖO FOUSF MPT JOUFMFDUVBMFT OP GVF TJFNQSF BNJTUPTB oOJ TJRVJFSB DPSEJBMo -BT QVÕBMBEBT USBQFSBT MBT BMV TJPOFT FTDSJUBT FOWFOFOBEBT MPT NPUFT NBMJDJPTPT MBT FOWJEJBT P MBT SFVOJPOFT MJUFSBSJBT B MBT RVF OP TF JOWJUBCBO FO USF FMMPT FTUBCBO B MB PSEFO EFM EÑB &T DJFSUP RVF UBNCJÍO IVCP FYDFQDJPOFT %F SBÑ[ NPEFTUB FM CBSSJP GVF FM FTDF OBSJP FO FM RVF FM UBMFOUP EF BMHVOPT EF MPT NBZPSFT HFOJPT MJUFSBSJPT EF MB IJTUPSJB DPOWJWJÖ DPO MBT WJTJUBT DPOTUBOUFT EF TPM EBEPT EF 'MBOEFT Z HFOUFT EF UPEB DPOEJ DJÖO -BT BOJNBEBT UBCFSOBT Z NFTPOFT RVF BMMÑ TF IBMMBCBO QSPQJDJBCBO EJWFSTJÖO B MPT DMJFOUFT Z MB QPTJCJMJEBE EF TBDJBS UP EP UJQP EF QMBDFSFT JODMVJEPT MPT DBSOB MFT j&O MB DBMMF )VFSUBT IBZ NÆT QVUBT RVF IVFSUBTx SF[BCB FM DBTUJ[P SFGSÆO " QPDPT NFUSPT EF $FSWBOUFT WJWJÖ FM QSPMÑGJDP -PQF EF 7FHB "NCPT TF QSPGJ SJFSPO VOB JOJDJBM BENJSBDJÖO QÜCMJDB DJ UÆOEPTF NVUVBNFOUF FO TVT PCSBT &O MB OPWFMB QBTUPSJM -B (BMBUFB $FSWBOUFT MPB B VO QSPNFUFEPS -PQF B USBWÍT EFM $BOUP EF $BMÑPQF Z FTUF MF DPSSFTQPOEF FO TV OPWFMB "SDBEJB 1FSP TJFOEP JODMVTP BÕPT NÆT KPWFO -PQF EF 7FHB FODPOUSÖ FM SFDPOPDJNJFOUP EFM QÜCMJDP FO ÍQPDBT NVDIP NÆT UFNQSBOBT RVF $FSWBOUFT %F IFDIP FSB FM NÆT QPQVMBS EFM CBSSJP Z

$FSWBOUFT %FGJOJEP DPNP jBWFOUVSFSP OBUPx QPS FM FTDSJUPS .PMJOB 'PJY WJWJÖ FO MB DBMMF 'SBODPT oBIPSB $FSWBOUFTo %FCÑB TV OPNCSF B RVF FO FMMB SFTJEÑBO WBSJPT GSBODFTFT .VZ DFSDB FO "UPDIB WJP MB MV[ MB QSJNFSB QBSUF EFM 2VJKPUF FO MB JNQSFOUB EF +VBO EF MB $VFTUB "ÜO TF QVFEF WJTJUBS MB NÆRVJOB PSJHJOBM

2VFWFEP Z (ÖOHPSB 0QVFTUPT FTUJMÑTUJDB JEFPMÖHJDB Z QFSTPOBMNFOUF MB FOFNJT UBE MMFHÖ BM QVOUP EF RVF 2VFWFEP MPHSÖ EFTBIVDJBS B (ÖOHPSB EF TV DBTB EF MB DBMMF EFM /JÕP oNÆT UBSEF 2VFWFEPo 1PS TJ OP GVFSB TVGJDJFOUF EJDIB BGSFOUB MVFHP BGJSNBSÑB RVF TF WJP PCMJHBEP B RVFNBS jDPNP QBTUJMMBT (BSDJMBTPTx QBSB EJTPMWFS FM PMPS IFEJPOEP EF (ÖOHPSB


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

EF MPT QPDPT RVF UFOÑBO TV DBTB FO QSPQJF EBE Z OP FO BSSJFOEP DPNP MB NBZPSÑB -B DBTB EF -PQF FT IPZ VO NVTFP " QFTBS EF TV GBNB EF NVKFSJFHP oRVF DPOUSBTUB DPO TV PSEFOBNJFOUP DPNP TB DFSEPUF BM NPSJS TV TFHVOEB FTQPTBo Z EF IBCFS MMFHBEP B FTUBS EFTUFSSBEP VO QBS EF BÕPT EF MB DPSUF -PQF TF HSBOKFÖ VO ÍYJUP OPUBCJMÑTJNP FTQFDJBMNFOUF FO FM UFBUSP 6O HÍOFSP FO FM RVF $FSWBOUFT FO DBNCJP OP FODPOUSÖ BM HSBO QÜCMJDP :B FOFNJTUBEPT EFTEF DPNJFO[PT EFM TJ HMP 97** -PQF MMFHÖ B BTFHVSBS TPCSF TV GBDFUB DPNP QPFUB RVF jOJOHVOP IBZ UBO NBMP DPNP $FSWBOUFTx &M .BODP EF -FQBOUP BCBOEPOÖ MB NBMB BDFQUBDJÖO EFM QÜCMJDP DPO MB QV CMJDBDJÖO EFM 2VJKPUF DVBOEP ZB FTUB CB FO MB ÜMUJNB FUBQB EF TV WJEB 1FSP -P QF EF 7FHB oFM .POTUSVP EF MB /BUV SBMF[B DPNP MF MMBNBCB $FSWBOUFTo TF SFTJTUJÖ B BQMBVEJS MB DBUFHPSÑB MJUFSBSJB EF MB PCSB DVNCSF DFSWBO UJOB 1VFEF RVF QPS MBT DSÑUJDBT RVF -PQF MFZÖ TPCSF ÍM NJTNP FYBHFSBEBNFOUF FO BMHVOPT QB TBKFT RVJKPUFTDPT 5BNCJÍO DSJUJDÖ $FSWBOUFT B -PQF FO FM QSÖMPHP EF %PO 2VJKP UF EF MB .BODIB -F NPMFTUBCB MB QFEBOUFSÑB MPQFTDB Z MP DPOTJEFSB CB VO QSFQPUFOUF &M DBTP FT RVF FO BRVFM BNCJFOUF EF IPTUJMJEBEFT DSV [BEBT EPO .JHVFM GVF JODBQB[ EF FO DPOUSBS B OJOHÜO QSFTUJHJPTP FTDSJUPS EF TV UJFNQP RVF MF QSPMPHBSB MB OPWFMB 6OB PCSB NBFTUSB RVF QPS PUSB QBSUF Z DPO FM QBTP EF MPT TJHMPT MMFHBSÑB B DPOWFS UJSTF FO FM MJCSP NÆT MFÑEP EFM NVOEP TP MP QPS EFUSÆT EF MB #JCMJB .FKPS SFMBDJÖO UVWP $FSWBOUFT DPO (ÖOHPSB PUSP EF TVT WFDJOPT &O FTUF TFOUJEP MP DPOTJEFSÖ jVO WJWP SBSP JO HFOJP TJO TFHVOEPx -PT EPT DPNQBSUJF SPO VO NPNFOUP EVMDF -VJT EF (ÖO

$FSWBOUFT OP DPOTJHVJÖ FODPOUSBS B OJOHÜO FTDSJUPS EF TV UJFNQP RVF RVJTJFSB QSPMPHBS FM A2VJKPUF MB OPWFMB NÆT MFÑEB EF MB IJTUPSJB HPSB WFÑB DÖNP FO MB DPSUF TF EFCBUÑB TV PCSB 4PMFEBEFT Z $FSWBOUFT QVCMJDBCB MB TFHVOEB QBSUF EFM 2VJKPUF 5BNCJÍO DPNQBSUJFSPO DPNP FOFNJ HP B 2VFWFEP $PNP DPOTFDVFODJB EF MB DPKFSB RVF FTUF QBEFDÑB Z B SBÑ[ EF VO QPFNB TBUÑSJDP TF FYUFOEJÖ FOUSF TVT DPOUSBSJPT FM TPCSFOPNCSF EF 1BUBDP KB &O FM 7JBKF EFM 1BSOBTP $FSWBOUFT MP TBUJSJ[B Z BTFHVSB RVF B MB MMBNBEB EF MPT CVFOPT QPFUBT jNBM QPESÆ EPO 'SBO DJTDP EF 2VFWFEP WFOJSx FYQMJDBOEP RVF jUJFOF FM QBTP DPSUP Z OP MMFHBSÆ FO VO TJHMP FOUFSPx 1MVNBT BGJMBEBT EF UJO UB RVF UBNCJÍO DPOTUBUBSPO MB FOFNJT UBE EF -PQF DPO $BMEFSÖO EF MB #BSDB Z EF (ÖOHPSB DPO 2VFWFEP

$&37"/5&4 /0 -&:¹ " 4)",&41&"3& 1&30 {&- */(-°4 "- ."%3*-&¸0 4´ 5FYUP +VMJ "NBEFV ¬SJBT

$FSWBOUFT FT B MB MFOHVB DBTUFMMBOB MP RVF 8JMMJBN 4IBLFTQFBSF B MB JOHMFTB %VSBOUF BÕPT TF FTQFDVMÖ JODMVTP RVF MPT EPT UJUBOFT EF MB MJUFSBUVSB VOJWFSTBM GVFSPO MB NJTNB QFSTPOB "MHVOPT BT QFDUPT DPOUSBTUBEPT IBO TFSWJEP QBSB BMJNFOUBS FTUBT UFPSÑBT oQPS PUSB QBS UF EFTDBSUBEBT QPS MB NBZPSÑB EF IJTUP SJBEPSFT Z GJMÖMPHPTo &O QSJNFS MVHBS OP FYJTUF OJOHÜO SFUSBUP SFBM EF $FSWBO UFT 5PEBT TVT SFQSFTFOUBDJPOFT QBS UFO EF MB EFTDSJQDJÖO RVF FM BVUPS EFM 2VJKPUF IBDF TPCSF TÑ NJTNP FO FM QSÖ MPHP EF TVT /PWFMBT FKFNQMBSFT %FM NJTNP NPEP IBTUB ÍQPDBT SF DJFOUFT TF FYUFOEJÖ MB JEFB EF RVF BN CPT FTDSJUPSFT NVSJFSPO FM NJTNP EÑB FM EF BCSJM EF 4JO FNCBSHP TVT SFTQFDUJWPT GBMMFDJNJFOUPT OP UVWJF SPO UBM DPODVSSFODJB $FSWBOUFT QF SFDJÖ FM EÑB EF BCSJM Z GVF FOUFSSBEP BM EÑB TJHVJFOUF oTF DSFF RVF FO VOB DSJQ UB EFM DPOWFOUP EF MBT 5SJOJUBSJBT EFM #B SSJP EF MBT -FUSBT EF .BESJEo 4V GVOF SBM EFCJÖ EJTDVSSJS TJO HSBOEFT QPN QBT GÜOFCSFT OJ IPNFOBKFT 5BNQPDP FYJTUF VOB MÆQJEB SFDPSEBUPSJB 4IB LFTQFBSF FO DBNCJÖ EFTDBOTB FO MB JHMFTJB )PMZ 5SJOJUZ EF MB MPDBMJEBE EF 4USBUGPSE VQPO "WPO #JSNJOHIBN VO MVHBS RVF TF IB DPOWFSUJEP FO VO BVUÍO UJDP DFOUSP EF BUSBDDJÖO UVSÑTUJDB &M BVUPS EF 3PNFP Z +VMJFUB NVSJÖ FM EF NBZP &OUPODFT {B RVÍ TF EFCF MB DPOGVTJÖO -B SFTQVFTUB FT RVF FO *OHMBUFSSB Z FO &TQBÕB SFHÑBO DBMFOEB SJPT EJGFSFOUFT -BT DBUÖMJDBT BVUP SJEBEFT FTQBÕPMBT JNQMBOUBSPO SÆQJ EBNFOUF oBM JHVBM RVF *UBMJB Z 'SBODJBo FM OVFWP DBMFOEBSJP HSFHPSJBOP DPO EÑBT EF EJGFSFODJB SFTQFDUP BM BOUJHVP DBMFOEBSJP KVMJBOP -PT JOHMFTFT SFDJÍO FTDJOEJEPT EF MB EPDUSJOB WBUJDBOB NBOUFOESÑBO WJHFOUF FM DBMFOEBSJP KV MJBOP IBTUB NFEJBEPT EFM TJHMP 97*** "TÑ FM %ÑB *OUFSOBDJPOBM EFM -JCSP RVF QSFUFOEÑB IPNFOBKFBS B $FSWBOUFT Z B 4IBLFTQFBSF FM EF BCSJM TF FSJHJÖ TPCSF VO FSSPS 0 RVJ[Æ OP UBOUP UFOJFO EP FO DVFOUB RVF FM *ODB (BSDJMBTP EF MB 7FHB FM jQSJNFS NFTUJ[P CJPMÖHJDP Z FT QJSJUVBM EF "NÍSJDBx TÑ UFSNJOÖ TVT EÑBT FO UBM GFDIB 1FSP BVO DPO UPEPT MPT QVOUPT TPCSF MBT ÑFT oTPCSF MBT GBMTBT TJNJMJUVEFTo TJHVF TJFOEP PCKFUP EF FT UVEJP MB SFMBDJÖO FOUSF $FSWBOUFT Z 4IB LFTQFBSF &M DSÑUJDP Z UFÖSJDP MJUFSBSJP FT UBEPVOJEFOTF )BSPME #MPPN B MB TB[ÖO QSPGFTPS EF MBT VOJWFSTJEBEFT EF :BMF

1PSUBEB EF $PNFEJBT IJTUPSJBT Z USBHF EJBT DPMFDDJÖO QVCMJDBEB FO DPO HSB CBEP EF .BSUJO %SPFTIPVU :"-& 6/*7&34*5:

Z /VFWB :PSL oBEFNÆT EF EFDMBSBEP DFSWBOUJTUBo DPOTJEFSB RVF j$FSWBO UFT FSB Z FT DPO 4IBLFTQFBSF FM QSJO DJQBM FTDSJUPS PDDJEFOUBM EFTEF MPT BO UJHVPT Z %BOUF $SFÖ USFT DBSBDUFSFT QFSNBOFOUFT 4BODIP 1BO[B EPO 2VJKPUF Z FM QSPQJP $FSWBOUFTx 6O BTQFDUP RVF TÑ QBSFDF QSPCBEP FT RVF IVCP VO EÑB FO FM RVF 4IBLFT QFBSF EFDJEJÖ MFFS B $FSWBOUFT &T NÆT OP TPMP MFZÖ MB QSJNFSB QBSUF EFM 2VJKPUF oUSBEVDJEB BM JOHMÍT QPS 5IP NBT 4IFMUPO FO o TJOP RVF MF EF KÖ VO QPTP RVF MF DPOEVKP B EFTBSSP MMBS FM QFSTPOBKF RVJKPUFTDP EF $BSEF OJP %FTBGPSUVOBEBNFOUF TF QFSEJÖ MB QJTUB EF FTUF MJCSP USBT FM JODFOEJP EFM UFBUSP 5IF (MPCF EF -POESFT FO Z FT VOB JODÖHOJUB TJ FYJTUF BMHÜO FKFNQMBS FO QBSBEFSP EFTDPOPDJEP -P RVF ZB OP SFTVMUB UBO WFSPTÑNJM FT RVF $FSWBOUFT Z 4IBLFTQFBSF TF IV CJFSBO DPOPDJEP P NFOPT UPEBWÑB RVF MMFHBSBO B EFQBSUJS FO VOB UBCFSOB &T DJFSUP RVF .JHVFM EF $FSWBOUFT GVF VO HSBO WJBKFSP QFSP QPS FM DPOUSBSJP OP IBZ NVDIBT FWJEFODJBT EF RVF 8J MMJBN 4IBLFTQFBSF oBDPNPEBEP Z BDBVEBMBEPo UVWJFSB MB OFDFTJEBE P MB JORVJFUVE EF DSV[BS MBT GSPOUFSBT EF TV QBÑT OBUBM /J TJRVJFSB FT QPTJ CMF DPOTUBUBS RVF $FSWBOUFT PZFSB IB CMBS EF TV DPFUÆOFP JOHMÍT


ààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

&- (3"/ */(&/*0 10-´(-05" %&- A26*+05&

5FYUP +VMJ "NBEFV ¬SJBT

-B IJTUPSJB EF %PO 2VJKPUF EF MB .BODIB IB USBTQBTBEP GSPOUFSBT FO MPT ÜMUJNPT TJHMPT TJFOEP FM MJCSP NÆT MFÑEP EFM NVO EP USBT MB #JCMJB -BT BWFOUVSBT Z EFTWFO UVSBT EFM jJOHFOJPTP IJEBMHP Z DBCBMMFSPx 2VJKBOP IBO SFDPSSJEP MB NBZPSÑB EF SFHJP OFT EFM QMBOFUB oFO GPSNB EF MFUSB JN QSFTBo FO NVMUJUVE EF JEJPNBT Z WBSJFEB EFT MJOHÞÑTUJDBT -BT USBEVDDJPOFT NÆT UFNQSBOBT GVFSPO MBT EF MBT MFOHVBT FVSP QFBT RVF HP[BCBO EF NBZPS QSFTUJHJP " 5IPNBT 4IFMUPO TF MF SFDPOPDF MB FEJ DJÖO JOHMFTB EFM QSJNFS WPMVNFO FO MB TFHVOEB QBSUF MB QVCMJDÖ FO &O PSEFO DSPOPMÖHJDP MB USBEVDDJÖO BM GSBODÍT GVF MB TFHVOEB $FTBS 0VEJO QV CMJDÖ TV FEJDJÖO GSBODFTB EF MB QSJNFSB QBSUF FO Z 'SBOÌPJT EF 3PTTFU MB EF MB TFHVOEB FO oQPTUFSJPSNFOUF 'J MMFBV EF 4BJOU .BSUJO 'MPSJBO Z 7JBSEPU SFBMJ[BSÑBO OVFWBT USBEVDDJPOFTo -BT TJHVJFOUFT MFOHVBT FO BEBQUBS FM 2VJKPUF TFSÑBO MB JUBMJBOB o'SBODJPTJOJ o MB BMFNBOB o4PIMF o Z MB OFFSMBOEFTB o -BNCFSU WBO EFO #PT o &TUB ÜMUJNB TVFMF DPOTJEFSBSTF MB QSJNFSB FEJDJÖO JMVT USBEB EFM 2VJKPUF DPNQMFUP %BEP RVF FM GSBODÍT GVF MB MFOHVB WFIJ DVMBS NÆT JOGMVZFOUF EFM NVOEP EVSBO UF MPT TJHMPT 97*** 9*9 Z QSJODJQJPT EFM 99 MBT USBEVDDJPOFT HBMBT EFM 2VJKPUF GVFSPO MB CBTF EF FEJDJPOFT FO PUSBT NVDIBT MFO HVBT oFTQFDJBMNFOUF FTMBWBTo DVBOEP TVT BVUPSFT OP CFCÑBO EF MB PCSB PSJHJOBM FO DBTUFMMBOP 0USP DBOUBS FT MB JOGMVFODJB TP DJBM QPS QBÑTFT ZB RVF MB RVF PCUVWP FO 'SBODJB GVF IJTUÖSJDBNFOUF NFOPS B MB EF PUSBT QPUFODJBT DPNP *OHMBUFSSB P 3V TJB 6OBNVOP TFÕBMÖ RVF FO FTUBT ÜM UJNBT TF FOUFOEJÖ NFKPS FM 2VJKPUF $PO NPUJWP EFM *7 DFOUFOBSJP EF MB NVFSUF EF $FSWBOUFT MB $PNQMVUFOTF oFO DPMBCPSBDJÖO DPO MB "TPDJBDJÖO -B 0USB "OEBMVDÑB Z "OUPOJP .BDIBEP -JCSPTo QSFTFOUBSÆ FM 2VJKPUF VOJWFSTBM FO OP WJFNCSF &O FTUB BNCJDJPTB PCSB TF USB EVDF DBEB DBQÑUVMP Z QSFMJNJOBSFT B VOB MFOHVB P WBSJFEBE EJGFSFOUF oFTQFSBO SPO EBS MBT o "M NFOPT QBSB EF FMMBT TF SÆ TV QSJNFSB USBEVDDJÖO RVJKPUFTDB &T FM DBTP EFM DSJPMMP BOOPCPOÍT o(VJOFB &DVBUPSJBMo FM TPTTP oMFOHVB BGSJDBOBo FM IVJDIPM o.ÍYJDPo FM QBTIUV o"GHBOJT UÆOo P FM USFOUJOP o*UBMJBo

-B DSFBDJÖO DFSWBOUJOB NÆT USBOTGSPOUFSJ[B %BOÍT ©SBCF $IFDP $IJOP 1PSUVHVÍT 3VTP &TQFSBOUP +BQPOÍT *OHMÍT *UBMJBOP 'SBODÍT -JUVBOP 4VFDP "MFNÆO


àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

1PS TV QBSUF FM $FSWBOUFT VOP EF MPT JOTUJUVUPT EF &EVDBDJÖO 4FDVOEB SJB NÆT BOUJHVPT EF .BESJE jMMF WB DPO NVDIP PSHV MMP Z IPOSB FM OPN CSF EFM JOTJHOF MJUFSB UP EF GBNB VOJWFSTBMx DPOGJFTB TV EJSFDUPSB +VMJB 1ÍSF[ .BDIBEP GPS NÖ QBSUF EFM DMBVT USP EF QSPGFTPSFT Z QPS TVT BVMBT IBO QB TBEP QFSTPOBKFT JMVT USFT DPNP .BSÑB ;BNCSBOP 5JFSOP (BMWÆO $BMWP 4PUFMP P 'PSHFT &M DFOUSP DVZB QVCMJDBDJÖO BOVBM UJFOF DPNP DB CFDFSB &M *OHFOJPTP )JEBMHP IB EFTBSSP MMBEP TVT QSPQJBT KPS OBEBT DVMUVSBMFT QPS FM *7 DFOUFOBSJP EF MB NVFSUF EF .JHVFM EF $FSWBOUFT 5FBUSPT BTPDJBDJPOFT SFWJTUBT DFOUSPT DVMUVSBMFT EF TBMVE P KVWFOJMFT oEFOUSP Z GVF SB EF &TQBÕBo SFDVFSEBO BM FTDSJUPS EFM 4J HMP EF 0SP FO TV OPNFODMBUVSB &O &TQBÕB DVFOUB IBTUB DPO NVOJDJQJPT FO MBT QSPWJO DJBT EF ;BNPSB Z -VHP BTÑ DPNP VO CBSSJP EF (SBOBEB "TJNJTNP EB OPNCSF B MPDBMJEB EFT FO "VTUSBMJB $PTUB 3JDB 'JMJQJOBT P "S HFOUJOB 1SFDJTBNFOUF MB $FSWBOUFT BSHFOUJ OB FTDPOEF VOB BVUÍOUJDB IJTUPSJB MJUFSBSJB ZB RVF GVF GVOEBEB FO QPS FM FTDSJUPS WBMFODJBOP #MBTDP *CÆÕF[ "VORVF FM BVUPS EF -B CBSSBDB WJP GSVTUSBEP TV QSPZFDUP Z MP BCBOEPOÖ FO TV HFSNFO EJP GSVUPT NÆT UBSEF Z FTUB MPDBMJEBE IB MMFHBEP IBTUB IPZ DPO BMHP NÆT EF IBCJUBOUFT " EPOEF NVZ QPDPT UJFOFO FM QSJWJMFHJP EF MMFHBS FT BM DJFMP Z $FSWBOUFT MP IB IFDIP &T VO DSÆUFS EFM QMBOFUB .FSDVSJP EFTEF Z NÆT SFDJFOUFNFOUF VOB FTUSFMMB B NÆT EF BÕPT MV[ &O MB DPOTUFMBDJÖO "SB DVB USP QMBOFUBT 2VJKPUF %VMDJOFB 3PDJOBOUF Z 4BODIP PSCJUBO BMSFEFEPS EF MB FTUSFMMB $FS WBOUFT -B EFOPNJOBDJÖO TF BEPQUÖ FO QPS MB 6OJÖO "TUSPOÖNJDB *OUFSOBDJPOBM USBT WFODFS FO VO DPODVSTP DPO WPUBDJÖO QPQV MBS -B QSPQVFTUB EF MB 4PDJFEBE &TQBÕPMB EF "TUSPOPNÑB Z FM 1MBOFUBSJP EF 1BNQMPOB DPO MB DPMBCPSBDJÖO EFM *OTUJUVUP $FSWBOUFT UVWP VO GJOBM GFMJ[ "DUVBMNFOUF TF FTUÆ QSP EVDJFOEP FM EPDVNFOUBM QBSB QMBOFUBSJPT -B FTUSFMMB EF $FSWBOUFT +BWJFS "SNFOUJB RVF FT FM DPPSEJOBEPS EFM 1MBOFUBSJP EF 1BNQMPOB Z FODBCF[Ö MB DBOEJEBUVSB FYQMJDB RVF jGVF VOB EF MBT QSP QVFTUBT NÆT WPUBEBT Z BEFNÆT DPO VOB BN QMJB QBSUJDJQBDJÖO EF NVDIPT QBÑTFTx "S NFOUJB DPODMVZF RVF jQBSBGSBTFBOEP B $FS WBOUFT BIPSB FO FM DJFMP IBZ VOB FTUSFMMB EF DVZP OPNCSF TÑ QPEFNPT BDPSEBSOPTx /VFTUSP *OTUJUVUP FO UPEP FM NVOEP &M *OTUJUVUP $FSWBOUFT MMFWB FM FTUVEJP Z MB EJWVMHBDJÖO EFM DBTUFMMBOP Z EFM SFTUP EF MFOHVBT DPPGJDJBMFT B MPT DJODP DPOUJOFO UFT &O FTUF PSHBOJTNP SFDBF MB UBSFB EF FYQFEJS MPT EJQMPNBT PGJDJBMFT EF FTQBÕPM %&-& BTÑ DPNP MB SFBMJ[BDJÖO EF MPT DPSSFTQPOEJFOUFT DVSTPT Z FYÆNF OFT #BKP MB EJSFDDJÖO BDUVBM EF 7ÑDUPS (BSDÑB EF MB $PODIB MB JOTUJUVDJÖO USBCBKB FO VO UPUBM EF DJVEBEFT SFQBSUJEBT FO QBÑTFT

4FEF EFM *OTUJUVUP $FSWBOUFT FO MB NBESJMFÕB DBMMF "MDBMÆ FO FM FEJGJDJP MBT $BSJÆUJEFT (53&4 5FYUP +VMJ "NBEFV ¬SJBT

$&37"/5&4 %& ."%3*% "- $*&-0

$FSWBOUFT FT VOP EF MPT NÆYJNPT FYQP OFOUFT OP TPMP EF MB MJUFSBUVSB FTQBÕPMB TJ OP UBNCJÍO VOJWFSTBM 1PS FMMP NVDIPT TPO MPT PSHBOJTNPT RVF IPZ IBDFO HBMB EF TV OPNCSF &M NÆT FNCMFNÆUJDP QPTJCMF NFOUF TFB FM *OTUJUVUP $FSWBOUFT &TUB FO UJEBE QÜCMJDB GVF DSFBEB B QSJODJQJPT EF MPT BÕPT jQBSB QSPNPWFS VOJWFSTBMNFOUF MB FOTFÕBO[B FM FTUVEJP Z FM VTP EFM FT QBÕPM Z DPOUSJCVJS B MB EJGVTJÖO EF MBT DVM UVSBT IJTQÆOJDBT FO FM FYUFSJPSx 5BNCJÍO FM QSFNJP B MB MJUFSBUVSB FO MFO HVB DBTUFMMBOB TF BQFMMJEB $FSWBOUFT 6O HB MBSEÖO DPODFEJEP QPS FM .JOJTUFSJP EF $VM UVSB B QSPQVFTUB EF MBT EJTUJOUBT BDBEFNJBT EF MB MFOHVB EF MPT QBÑTFT EF IBCMB IJT QBOB RVF BSSPKB OPNCSFT DPNP %ÆNBTP "MPOTP #PSHFT 0DUBWJP 1B[ "MCFSUJ %F MJCFT 7BSHBT -MPTB $FMB "OB .BSÑB .B UVUF P (PZUJTPMP FOUSF NVDIPT PUSPT


àààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààààà 5 0 % 0 4 0 # 3 & $ & 3 7 " / 5 & 4

)0/03&4 '6/&3"3*04 $0/ */$¹(/*5"4

"OUSPQÖMPHPT BSRVFÖMPHPT IJTUPSJBEPSFT Z GPSFOTFT USBCBKBSPO DBTJ VO BÕP BOBMJ[BOEP MPT SFTUPT EF MB DSJQUB VCJDBEB CBKP MB JHMFTJB EF 4BO *M EFGPOTP EFM DPOWFOUP EF MBT 5SJOJUBSJBT %FTDBM[BT EPOEF TF USBTMBEÖ FM DBEÆWFS EF $FSWBOUFT IBDJB + #"-"(6&3 ":50 ."%3*% +03(& 1"3´4

5FYUP .BSÑB .ÆSRVF[

-B SB[ÖO RVF IJTUÖSJDBNFOUF TF IB FT SBSJP DPO IPOPSFT NJMJUBSFT FODBCF HSJNJEP QBSB FYQMJDBS FTUF FNQMB[BNJFOUP [BEP QPS MB FYBMDBMEFTB EF .BESJE "OB &M B[BS RVJTP RVF MPT SFTUPT EF $FSWBOUFT TB FT RVF MB PSEFO USJOJUBSJB MPHSÖ FM SFTDBUF EF #PUFMMB RVJFO EFTDVCSJÖ VO QMBDB DPO MJFTFO B MB MV[ DFMFCSBOEP DVBUSP TJHMPT EF MB $FSWBOUFT FO "SHFM BEFNÆT EF TFS FTUB MB NFNPSBUJWB TVGSBHBEB QPS MB 3"& $P QVCMJDBDJÖO EF MB TFHVOEB QBSUF EF TV DF QSPUFHJEB QPS FM DPOEF EF -FNPT BM RVF EF NP FQJUBGJP FM BOVODJP PCUFOJEP USBT MBT JOWFTUJHBDJPOFT jZBDF BRVÑ MFCÍSSJNB OPWFMB Z VO BÕP BOUFT EFM UBNCJÍO EJDÖ FM 2VJKPUF 1PS PUSP MBEP .JHVFM EF $FSWBOUFT 4BBWF DVBSUP DFOUFOBSJP EF TV GBMMFDJNJFOUP &M NVSJÖ FO TV DBTB EF MB DBMMF {&T TV IFSNBOB ESB x Z VO GSBH EF NBS[P EF NFEJPT EF DPNVOJDBDJÖO 'SBODPT IPZ $FSWBOUFT NVZ -VJTB MB DMBWF NFOUP EF MB ÜMUJNB PCSB RVF EF UPEP FM NVOEP BTJTUJFSPO B VOB SVFEB EF QSÖYJNB B MB DBQJMMB QSJNJUJWB 4V OPNCSF TBMJÖ B FM IPNFOBKFBEP SFNBUÖ EÑBT QSFOTB FO MB RVF FM FRVJQP EF JOWFTUJHBDJÖO EPOEF SFDJCJÖ TFQVMUVSB FO MB MB QBMFTUSB USBT FM BOUFT EF NPSJS -PT USBCBKPT RVF IBCÑB TFHVJEP EVSBOUF EJF[ NFTFT MB IVF DBMMF "NPS EF %JPT Z RVF GVF IBMMB[HP FO FM DPOWFOUP NBESJMF EF 1FSTJMFT Z 4JHJTNVOEB &O MMB EFM BMDBMBÑOP NÆT JMVTUSF DPOGJSNÖ FM IB EFNPMJEB FO MB BDUVBMJEBE FM NPOVNFOUP 4PGJTUJDBEBT UÍDOJDBT EF UFS ÕP BOUF MB QPTJCJMJ MMB[HP BUFOJÍOEPTF B MB jDFSUF[B IJTUÖSJDP EP TPMP QVFEF WJTJUBSTF NFEJB DVNFOUBM BSRVFPMÖHJDB Z BOUSPQPMÖHJDBx NPHSBGÑB Z HFPSSBEBS MPDBMJ[B EBE EF DPUFKBS FM IPSB BOUFT EF MB NJTB EJBSJB B -B QSVEFODJB EF MPT FYQFSUPT IB TJEP NÆ SPO MPT SFTUPT FO MB QSJNFSB GB "%/ EF BNCPT 4PS MBT IPSBT YJNB EFCJEP BM FTUBEP EF MPT SFTUPT GVOEB TF EF MB JOWFTUJHBDJÖO QBSB EBS -VJTB EF #FMÍO $PO FM DBNCJP EF (PCJFS NFOUBMNFOUF FTRVJSMBT Z BM IFDIP EF RVF QBTP BM USBCBKP BOUSPQPMÖHJDP $FSWBOUFT JOHSFTÖ OP NVOJDJQBM TJHVF QFOEJFO TF FODPOUSBTFO NF[DMBEPT DPO MPT EF PUSPT EJ EF VOB USFJOUFOB EF FYQFSUPT DPO BÕPT FO FM UF FM JOJDJP EF MB UFSDFSB GBTF GVOUPT BEVMUPT Z OJÕPT FOUSF MPT RVF QPESÑB RVF BDDFEJFSPO B MB DSJQUB FO NPOBTUFSJP EF MB JOWFTUJHBDJÖO RVF FO FTUBS TV FTQPTB $BUBMJOB EF 4BMB[BS FOUF DVZP TVFMP TF QSPEVKP FM IB BMDBMBÑOP EF MBT QBMBCSBT EFM GPSFOTF Z EJSFD SSBEB FO FM NPOBTUFSJP EF MBT 5SJOJUBSJBT %FT MMB[HP &M USBTMBEP EFM DBEÆ $BSNFMJUBT UPS EFM QSPZFDUP 'SBODJTDP WFS B MB TFHVOEB DSJQUB FO %FTDBM[BT EF MB DBM[BT EJF[ BÕPT EFTQVÍT RVF TV NBSJEP &M SJUVBM GVOFSBSJP EF $FSWBOUFT FT VOP Z MB IVNFEBE TVCUFSSÆOFB IBO 1VSÑTJNB $PODFQ &UYFCFSSÑB TF DFOUSBSÑB FO MP HSBS VO QFSGJM HFOÍUJDP RVF EF MPT QPDPT EFUBMMFT CJPHSÆGJDPT QFSGFD NPUJWBEP RVF MB DPOTFSWBDJÖO DJÖO "VORVF TF EB QFSNJUJFTF DPODSFUBS NÆT FM UBNFOUF EPDVNFOUBEPT OP PCFEFDF B FT EF .JHVFM EF $FSWBOUFT OP TFB QPS IFDIP RVF FTUÆ IBMMB[HP EBEP RVF DPO MPT QFDVMBDJPOFT Z TJO FNCBSHP IBO QBTBEP UBO ÖQUJNB DPNP MB EF PUSPT FOUFSSBEB BMMÑ TF DVBUSP TJHMPT IBTUB RVF VO FRVJQP NVM EJGVOUPT FODPOUSBEPT DPNP EFTDPOPDF MB SFTUPT EF MBT 5SJOJUBSJBT OP TF UJEJTDJQMJOBS BDDFEJFTF B MB DSJQUB EFM DPO FT FM DBTP EF NPNJBT EF OJÕPT VCJDBDJÖO EF TVT QVFEFO DPUFKBS MBT TVQVFTUBT WFOUP EF MBT 5SJOJUBSJBT FO FM #BSSJP EF MBT RVF FO TPSQSFOEFOUF CVFO FT SFTUPT TJ CJFO MBT QBUPMPHÑBT EF $FSWBOUFT P SFBMJ[BS VOB SFDPOTUSVDDJÖO -FUSBT EF .BESJE )BTUB TPMP +PTÍ * UBEP IBO BQPSUBEP EBUPT BO SFMJHJPTBT BGJSNBO #POBQBSUF NPTUSÖ TV JOUFSÍT B OJWFM JOTUJ USPQPMÖHJDPT IBTUB BIPSB EFT RVF DPNQBSUF PTBSJP DSBOFBM Z BTÑ DPNQSPCBS MPT SBTHPT EFM BVUPSSFUSBUP RVF UVDJPOBM TJ CJFO GVF MB 3FBM "DBEFNJB &T DPOPDJEPT -PT NFOPSFT DPN DPO PUSBT EJGVOUBT FTDSJCJÖ QBSB FM QSÖMPHP EF MBT QBÕPMB 3"& MB FOUJEBE RVF FO MP QPOFO FM HSVFTP EF MPT HSÖ HSBDJBT B TV EJSFDUPS FM NBSRVÍT EF .P FTRVFMFUPT IBMMBEPT KVOUP B GSBHNFOUPT EF /PWFMBT FKFNQMBSFT jSPTUSP BHVJMFÕP MJOT DSFBS VOB DPNJTJÖO QBSB EPDVNFOUBS JOEVNFOUBSJB MJUÜSHJDB EF MB ÍQPDB Z VOB GSFOUF MJTB Z EFTFNCBSB[BEB EF OBSJ[ DPSWB <y> MB CPDB QFRVFÕB MPT EJFOUFT MB VCJDBDJÖO EF MPT SFTUPT 'VF FM BÕP FO FM NPOFEB EF NBSBWFEÑT &M EF KVOJP EF MB JHMFTJB DPOWFO OJ NFOVEPT OJ DSFDJEPT QPSRVF OP UJFOF RVF TF JOTUBMÖ MB QMBDB NBSNÖSFB DPOTFSWB UVBM EF 4BO *MEFGPOTP BMCFSHÖ VO BDUP GVOF TJOP TFJT Z FTPT NBM BDPOEJDJPOBEPTx EB FO MB GBDIBEB DPOWFOUVBM




Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.