A108 by arsclassicacoins

Asta 108 23-24 maggio 2018

La Collezione AAZ di Monete di Venezia in associazione con Varesi srl

NUMISMATICA ARS CLASSICA NAC AG www.arsclassicacoins.com

PUBBLICATO IN ESCLUSIVA PER CONTO DI

NAC NUMISMATICA SpA

Sede operativa NAC Via Brera 4 – 20121 Milano Tel: +39 028056304 Fax: +39 0280581271 Email: milano@arsclassicacoins.com

Varesi srl Viale Monte Grappa 3 – 27100 Pavia Tel: +39 0382570685 Fax:+39 00382489234 Email: segreteria@varesi.it

ORDINE DI VENDITA

ORDRE DE VENTE

mercoledì, 23 maggio giovedì, 24 maggio

1 – 202 203 – 931 932 – 1292

TIME TABLE 11:00 – 13:00 14:30 – 19:30 10:30 – 13:30

Hotel Principe di Savoia Piazza Della Repubblica 17 20124, Milano Tel. 0039 02 62301

ESPOSIZIONE EXHIBITION EXPOSITION MILANO 23 aprile – 21 maggio 2018 Esclusivamente previo appuntamento presso i nostri locali di via Brera 4 durante i nostri orari di ufficio (dal lunedì al venerdì 9:30 – 17:30) Only by appointment c/o our office in Via Brera 4, office opening hours (Monday to Friday from 9:30am to 5:30pm)

martedì, 22 maggio 2018 12:00 – 18:00 mercoledì, 23 maggio 2019 09:30 – 11:00 Hotel Principe di Savoia Piazza Della Repubblica 17 20124, Milano Tel: +39 02 62301

L’asta è visibile online all’indirizzo www.arsclassicacoins.com Gradi di conservazione

Grades of preservation

Erhaltungsgrad

Degrés de conservation

Grados de Conservación

Fdc Fior di conio Spl Splendido BB Bellissimo MB Molto Bello

Fdc Uncirculated Extremely fine Very Fine Fine

Stempelglanz Vorzüglich Sehr schön Schön

Fleur de coin (FDC) Superbe Très beau Beau

FDC EBC MBC BC

Commissioni d'asta, IVA e spese REGIME IVA (REGIME DEL MARGINE) Tutte le vendite effettuate da NAC NUMISMATICA S.p.A. sono operate in virtù di rapporti di commissione stipulati con privati consumatori o con soggetti IVA, che operano nel regime del margine, regolato dall'art. 40bis dl n. 41/95 e successive modifiche. In virtù di tale normativa la NAC NUMISMATICA S.p.A. non applicherà né l'IVA sui servizi resi all'acquirente e al venditore, né l'IVA sul prezzo di aggiudicazione.

COMMISSIONI COMPRATORI L'importo complessivo a carico del compratore, per ciascun lotto, è composto dal: -

Prezzo di aggiudicazione Commissione del 21,35 % IVA inclusa (23.18% per acquisti tramite internet live bidding) o del 17,5% (19% per acquisti tramite internet live bidding) per i lotti ufficialmente esportati al di fuori della Comunità Europea

Condizioni di Vendita 1. I lotti sono posti in vendita in locali aperti al pubblico da NAC NUMISMATICA S.p.A., che agisce quale mandataria in esclusiva in nome proprio e per conto di ciascun venditore il cui nome viene trascritto negli appositi registri di P.S. presso NAC NUMISMATICA S.p.A.. Gli effetti della vendita influiscono sul venditore e NAC NUMISMATICA S.p.A. non assume nei confronti dell'aggiudicatario o di terzi in genere altra responsabilità oltre quella ad essa derivante dalla propria qualità di mandataria. 2. Gli oggetti vengono aggiudicati al migliore offerente e per contanti; in caso di contestazione tra più aggiudicatari, l'oggetto disputato verrà, a insindacabile giudizio del banditore, rimesso in vendita nel corso dell' asta stessa e nuovamente aggiudicato. NAC NUMISMATICA S.p.A. non accetterà trasferimenti a terzi di lotti già aggiudicati e riterrà unicamente responsabile del pagamento l'aggiudicatario; la partecipazione all'asta in nome e per conto di terzi potrà essere ammessa solo previo deposito presso gli uffici di NAC NUMISMATICA S.p.A. di una procura autenticata e di adeguate referenze bancarie. 3. NAC NUMISMATICA S.p.A. si riserva la facoltà di ritirare all'asta qualsiasi lotto. Il banditore, durante l'asta, ha facoltà di abbinare o separare i lotti ed eventualmente variare l'ordine di vendita. Lo stesso potrà, a proprio insindacabile giudizio, ritirare i lotti qualora le offerte in asta non raggiungano il prezzo di riserva concordato tra NAC NUMISMATICA S.p.A. e venditore. 4. L' aggiudicatario corrisponderà a NAC NUMISMATICA S.p.A. una commissione d'asta, sul prezzo di aggiudicazione di ciascun lotto, pari al 21,35% IVA inclusa (23.18% IVA inclusa se l’acquisto viene effettuato tramite internet live bidding) se residente in un paese

dell’Unione Europea o pari al 17,5% (19% se l’acquisto viene effettuato tramite internet live bidding) se residente in un paese NON facente parte dell’Unione Europea. 5. A tutti i partecipanti all'asta è richiesto, ai sensi della validità di un’eventuale aggiudicazione, di compilare una scheda di partecipazione con i dati personali e le referenze bancarie, prima di ogni asta, in modo che gli stessi possano effettuare le offerte per mezzo del numero loro assegnato. 6. NAC NUMISMATICA S.p.A. può accettare mandati per l'acquisto [offerte scritte e telefoniche], effettuando rilanci mediante il banditore, in gara con il pubblico partecipante all'asta. In caso di offerte identiche, l'offerta scritta prevarrà su quella orale manifestata in sala. 7. Nel caso di due offerte scritte identiche per il medesimo lotto, lo stesso verrà aggiudicato all'offerente la cui offerta sia stata ricevuta per prima. NAC NUMISMATICA S.p.A. si riserva il diritto di rifiutare le offerte di acquirenti non conosciuti a meno che non venga rilasciato un deposito a intera copertura del valore dei lotti desiderati o, in ogni caso, fornita altra adeguata garanzia. All'atto di aggiudicazione, NAC NUMISMATICA S.p.A. potrà chiedere all'aggiudicatario le proprie generalità e, in caso di pagamento non immediato e in contanti, l'aggiudicatario dovrà fornire a NAC NUMISMATICA S.p.A. referenze bancarie congrue e comunque controllabili: in caso di evidente non rispondenza al vero o di incompletezza dei dati o delle circostanze di cui sopra, o comunque di inadeguatezza delle referenze bancarie, NAC NUMISMATICA S.p.A. si riserva di annullare il contratto di vendita del lotto aggiudicato. 8. NAC NUMISMATICA S.p.A. agisce in qualità di mandataria dei venditori e declina ogni responsabilità in ordine alla descrizione degli oggetti contenuta nei cataloghi, nelle brochure ed in qualsiasi altro materiale illustrativo; le descrizioni di cui sopra, così come ogni altra indicazione o illustrazione, sono puramente indicative e soggettive per cui non potranno essere motivo di contestazione da parte degli aggiudicatari. Tutte le aste sono precedute da un'esposizione al fine di permettere un esame approfondito circa lo stato di conservazione, la provenienza, il tipo e la qualità degli oggetti. Dopo l'aggiudicazione, né NAC NUMISMATICA S.p.A. né i venditori potranno esser responsabili per i vizi relativi allo stato di conservazione, per l'errata attribuzione, la provenienza, il peso la mancanza di qualità degli oggetti. Né NAC NUMISMATICA S.p.A. né il personale incaricato da NAC NUMISMATICA S.p.A. potranno rilasciare una qualsiasi garanzia in tal senso, salvi i casi previsti dalla legge. 9. Le stime relative al possibile prezzo di vendita di ciascun lotto sono stampate sotto la descrizione dei lotti riportata nel catalogo e non includono i diritti d'asta dovuti all'aggiudicatario. Tali stime sono puramente indicative, se non pervengono offerte più elevate il prezzo di partenza corrisponde generalmente all'80% del prezzo di stima. Le descrizioni dei lotti nel catalogo potranno essere soggette a revisione, mediante comunicazioni al pubblico durante l'asta. 10. Il pagamento totale del prezzo di aggiudicazione e dei dritti d'asta potrà essere immediatamente preteso da NAC NUMISMATICA S.p.A.; in ogni caso dovrà essere effettuato per intero, in Euro, entro sette giorni dall' aggiudicazione. In difetto NAC NUMISMATICA S.p.A., fatto comunque salvo il risarcimento dei maggiori danni, potrà a) procedere per l'esecuzione coattiva dell'obbligo di acquisto; b) alienare il lotto a trattativa privata oppure in un'asta successiva in danno dell'aggiudicatario, trattenendo comunque, a

titolo di penale, eventuali acconti ricevuti. L'oggetto verrà custodito da NAC NUMISMATICA S.p.A. a rischio e spese dell'aggiudicatario fino a quando non sarà venduto come sopra oppure restituito al venditore su richiesta del medesimo. In ogni caso, fino alla data di restituzione o di vendita, l' aggiudicatario sarà tenuto a corrispondere a NAC NUMISMATICA S.p.A. una penale pari agli interessi, calcolati sul prezzo di aggiudicazione più le commissioni d'asta, al tasso interbancario in vigore maggiorato di due punti; gli interessi così calcolati saranno applicati sulle somme dovute a decorrere dall'ottavo giorno seguente la data dell' aggiudicazione. 11. L'invio degli oggetti fino a un valore massimo di 3.000 euro viene di regola effettuato in plico postale assicurato raccomandato a spese e a rischio del destinatario. Le spedizioni per un valore superiore a 3.000 euro sono effettuate tramite corriere (Ferrari SpA) sempre a spese e rischio del destinatario. 12. Nonostante ogni disposizione contraria qui contenuta, NAC NUMISMATICA S.p.A. si riserva il diritto di concordare con gli aggiudicatari forme speciali di pagamento, di depositare in magazzini privati/pubblici o vendere privatamente i lotti aggiudicati, di risolvere controversie o contestazioni effettuate da aggiudicatari o contro gli stessi e in generale di intraprendere qualsiasi iniziativa ritenuta opportuna al fine di riscuotere somme dovute dall' aggiudicatario o anche, a seconda delle circostanze, di annullare la vendita ai sensi degli articoli 13 e 15 e restituire il prezzo all' aggiudicatario. 13. Gli aggiudicatari sono tenuti all'osservanza di tutte le disposizioni legislative o regolamentari in vigore relativamente agli oggetti dichiarati di interesse storico o artistico particolarmente importante. L'esportazione di oggetti di rilevante interesse numismatico da parte di Aggiudicatari residenti e non residenti in Italia è regolata da specifiche normative doganali, valutarie e tributarie. I tempi di attesa di un permesso di libera circolazione sono di 40 giorni circa dal giorno della richiesta al Ministero dei Beni Culturali, Ufficio Esportazioni. La richiesta della licenza è inoltrata al ministero previo pagamento del lotto e su esplicita autorizzazione dell'aggiudicatario. NAC NUMISMATICA S.p.A. non assume alcuna responsabilità nei confronti degli aggiudicatari in ordine ad eventuali restrizioni all'esportazione dei lotti aggiudicati, né in ordine ad eventuali licenze o attestati che l'aggiudicatario dovrà ottenere in base alla legge italiana. L'aggiudicatario, in caso di esercizio del diritto di prelazione da parte dello Stato italiano, non potrà pretendere da NAC NUMISMATICA S.p.A. o dal venditore alcun rimborso di eventuali interessi sul prezzo e sulle commissioni d'asta già corrisposte. 14. Gli aggiudicatari (cittadini italiani o residenti in Italia) sono tenuti a fornire alla NAC NUMISMATICA S.p.A. il proprio Codice Fiscale e un documento d’identità in corso di validità come da legge espressa nel D. Lgs. Antiriciclaggio N. 231/2007 divenuto effettivo il 30/04/2008. 15 NAC NUMISMATICA S.p.A., in osservanza all’articolo 49, comma 1, del D.Lgs. n. 231/2007 e a seguito delle modifiche introdotte dall’articolo 12 del Dl 201/2011 non può accettare pagamenti in contanti per un importo pari o superiore ai 3.000 euro. 16. Gli oggetti offerti in vendita sono garantiti autentici. 17. I lotti contenenti più monete e non illustrati sono venduti come visti e piaciuti e non sono soggetti a resa da parte dell’acquirente.

18. Le presenti condizioni di vendita sono accettate automaticamente da quanti concorrono all'asta e sono a disposizione di qualsiasi interessato che ne faccia richiesta. Per qualsiasi controversa Ă¨ stabilita la competenza esclusiva del foro di Milano.

Commissions, VAT And Fees VAT REGIME Sales made by NAC NUMISMATICA SPA are handled on a commission agreement with third parties including a VAT regime based on the conditions set forth in art. 40bis dl no. 41/95 and subsequent modifications. As per the above-mentioned law, NAC NUMISMATICA SPA will not apply VAT on services provided to the buyer or consigner or on the hammer price.

BUYERS’ COMMISSIONS The total amount of every single lot, charged to the buyer, is composed of: ‐ ‐

The hammer price 21.35% commission including VAT (23.18% for purchases made through internet live bidding) or 17,5% (19% for purchases made through internet live bidding) for lots sent outside the European Union

GENERAL TERMS OF SALE 1. Auctions are held by NAC NUMISMATICA SPA in public premises. NAC NUMISMATICA SPA acts as commission agent in its own name or for every consigner whose name is listed on the specific police records held at NAC offices. The results of the sale effect the consignor and NAC NUMISMATICA SPA does not assume any responsibility, towards the buyer or third parties, except that stated in its commission agent agreement. 2. All material shall be sold to the highest bidder as determined by the Auctioneer. If any dispute arises during or immediately after the sale of a lot, the Auctioneer has the right to recall the lot and put it up for sale again. In all cases the Auctioneer’s decision is final. NAC NUMISMATICA SPA will not allow transfers of the lots already won and will consider the buyer (successful bidder) the one responsible for the payment. All those who wish to participate in the auction on the behalf of third parties, must provide the NAC office with a valid letter of attorney and bank references. 3. NAC NUMISMATICA SPA reserves the right to withdraw any lot from the auction. Moreover, the auctioneer reserves the right to combine or split up catalogue lots and offer them out of sequence; he or she may withdraw lots if the bids do not reach the upset price previously arranged between NAC NUMISMATICA SPA and the consignor. 4.

The buyer (successful bidder) will pay NAC NUMISMATICA SPA an auction commission, for every lot, as follows: ‐ 21.35% VAT included (23.18% VAT included for purchases made through internet live bidding) on the hammer price for EU citizens. ‐ 17.5% (19% for purchases made through internet live bidding) on the hammer price for NON EU citizens or if the lots are to be sent outside the European Union. All those wanting take part in the auction are required to fill out a registration form with all necessary personal details (and bank references if required) in order to validate a possible bidding with the assigned bid number.

NAC NUMISMATICA SPA may accept telephone and written bids forms while the auction is being called. In the event of equal bids, the written one will take precedence over a floor bid.

In the event of equal written bids (for the same lot), the lot will be adjudicated to the first received bid. NAC NUMISMATICA SPA reserves the right to reject all bids coming from unknown persons unless they deposit an amount covering in full the bid value of the desired lots (or another suitable guarantee). NAC NUMISMATICA SPA may require further details from the buyer (successful bidder) and in the case of NON prompt payment by cash, he or she must provide full bank details that will be checked by NAC. If they result as incorrect or invalid, NAC NUMISMATICA SPA reserves the right to nullify the invoice.

NAC NUMISMATICA SPA acts as commission agent for every consigner and declines responsibility for any differences between the description in the catalogues, brochures or in any other advertising material, and the actual item offered. The description are purely indicative and made to the best of knowledge of NAC. (NAC) cannot be held responsible for any errors or omissions. Before every auction there is a viewing in order to allow customers to examine the grade of preservation, origin, kind and quality of the items. After an item has been sold neither NAC NUMISMATICA SPA nor the consigner will be responsible for misattribution, irregularities relating to the state of conservation, the origin, the weight and the lack of quality of the objects. Neither NAC NUMISMATICA SPA nor any partner or consultant will release any guarantee, except for rare cases as per law.

Commission fees are not included in the estimates printed underneath the lot description in the catalogue. The estimates are purely indicative. The starting price is usually 80% of the estimate unless NAC NUMISMATICA SPA receives higher bids. The lot descriptions may be revised during the auction, if so, NAC NUMISMATICA SPA will communicate this during the auction.

10.

NAC NUMISMATICA SPA may claim the entire payment of the hammer price and commissions. The total amount must be paid in full, in Euros, within 7 days from the auction sale. Otherwise, NAC NUMISMATICA SPA will: a) proceed with the buyingin procedure; b) alienate the lot in a private treaty or in a future auction sale, to the detriment of the buyer and will keep any deposit previously received (as a penalty). The lot will be kept by NAC NUMISMATICA SPA at the buyer’s own risk until it is sold (as mentioned above) or returned to the consigner upon request. However, until the lot is sold or returned to the consigner, the buyer must pay NAC NUMISMATICA SPA a fee corresponding to the interest on the hammer price plus the commissions at two decimals higher than the nominal bank lending rate; the interest, as calculated above, will be applied to the total amount accruing from the eighth day following the date on the invoice.

11.

Every shipment within Italy, for goods up to a value of € 3’000, will be made by registered and insured post at the buyer’s own expense and risk. For goods with a value of over € 3’000, NAC NUMISMATICA SPA will ship the lots by armoured courier (Ferrari Spa within Italy) at the buyer’s own expense and risk.

12.

NAC NUMISMATICA SPA reserves the right to: arrange any special methods of payment with the buyer; deposit the purchases in public or private warehouses or sell them privately; resolve disputes or protests made by buyers (successful bidders) or against them; take action in order to obtain payments or, in some circumstances, cancel the purchase as per the law described in art. No. 13 and 15 and to reimburse the buyer.

13.

Every buyer (successful bidder) must observe all legislative decrees concerning items considered to be of particular and important artistic or historic interest and value. The export of a lot of numismatic interest, outside Italian territory, is regulated by specific customs, tributary and monetary regulations. Every export licence applied for through the Cultural Heritage office takes roughly 40 days to be issued. The export licence application will be sent to the ministry only upon payment of the lot and only upon express authorization of the buyer. NAC NUMISMATICA SPA is neither responsible for any restrictions the ministry may place on the export of the lot nor for any other export licence the buyer may have to obtain as per Italian law. In the event that the Italian State takes action for the right of pre-emption, the buyer will not have the right to request a refund from NAC NUMISMATICA SPA or the seller for any possible interest on the total price and commissions already paid.

14.

A valid proof of photo identity (e.g. ID card, Passport, driving licence etc.) is mandatory for every buyer (successful bidder), as per legislative decree no. 231/2007 effective from the 30th April 2008.

15.

NAC NUMISMATICA SPA cannot accept payments by cash equal to or greater than € 3’000 as per art. No. 12 D.lgs. 201/2011.

16.

All the items in this catalogue are guaranteed to be genuine.

17.

For multiple lots with no catalogue photograph return privileges are not permitted.

18.

Bidding or participating in this sale constitutes acceptance by the bidder or participant of all the aforementioned terms and conditions of sale.

The text is given in English for your convenience, however the only legally valid, is that in Italian

0RQHWH GHL GRJL GL 9HQH]LD 9LWDOH 0LFKLHO ,, GRJH ;;;9,,,

'HQDUR R ELDQFR VFRGHOODWR 0LVW J 9 0,&+,Â¶ '9; &URFH SDWHQWH DFFDQWRQDWD GD TXDWWUR FXQHL 5Y 6 0>$5@&96 9+(Â¶ %XVWR IURQWDOH GL 6 0DUFR &1, 3DROXFFL 'HOOD SL JUDQGH UDULWj %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

6HEDVWLDQR =LDQL GRJH ;;;,;

'HQDUR R SLFFROR VFRGHOODWR 0LVW J 6(5 '9; &URFH SDWHQWH 5Y 6 ,,+5&96 &URFH SDWHQWH &1, Â± 3DROXFFL 5DUR T 6SO

'HQDUR R SLFFROR VFRGHOODWR 0LVW J 6(% '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL 5DUR %XRQ %% ([ DVWD 1$&

/RWWR GL VHL PRQHWH 'HQDUR R SLFFROR VFRGHOODWR &1, YDU 3DROXFFL 'D %% D T 6SO

2ULR 0DOLSLHUR GRJH ;/

'HQDUR R SLFFROR VFRGHOODWR 0LVW J $95 '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL T 6SO ([ DVWD 1$&

'HQDUR R SLFFROR VFRGHOODWR 0LVW J $95,2 '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL 6SO

'HQDUR R SLFFROR VFRGHOODWR 0LVW J $95,2 '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL T 6SO

/RWWR GL VHWWH PRQHWH 'HQDUR R SLFFROR VFRGHOODWR &1, Â± YDU 3DROXFFL 'D %% D T 6SO

(QULFR 'DQGROR 'RJH ;/,

*URVVR GD GHQDUL R PDWDSDQ $5 J ; + 'ȁ1'2/¶ ± 6 0 9(1(7, 6 0DUFR VWDQWH GL IURQWH D G WLHQH QHOOD V LO OLEUR GHL 9DQJHOL H FRQ OD G SRUJH LO YHVVLOOR DO GRJH VWDQWH GL IURQWH D V OXQJR O¶DVWD ' 9 ; 5Y ,O 5HGHQWRUH FRQ QLPER FURFLDWR VHGXWR LQ WURQR GL IURQWH DL ODWL ,& ± ;& &1, 3DROXFFL 0ROWR UDUR /LHYL LQFURVWD]LRQL DOWULPHQWL EXRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

'HQDUR R SLFFROR VFRGHOODWR 0LVW J (15,&¶ '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL %XRQ %% ([ DVWD 1$&

/RWWR GL FLQTXH PRQHWH 'HQDUR R SLFFROR VFRGHOODWR &1, YDU 3DROXFFL 'D %% D T 6SO

3LHWUR =LDQL 'RJH ;/,,

*URVVR $5 J ? 3 =,$1, ± 6 0 9(1(7, 7LSR VROLWR &1, 3DROXFFL

6SO

*URVVR $5 J ? 3 =,$1, ± 6 0 9(1(7, 7LSR VROLWR &1, 3DROXFFL

6SO

*URVVR $5 J ? 3 =,$1, ± 6 0 9(1(7, 7LSR VROLWR &1, 3DROXFFL

T 6SO

*URVVR $5 J ? 3 =,$1, ± 6 0 9(1(7, 7LSR VROLWR 9DULDQWH FRQ SXQWR VRWWR DO JRPLWR V H JDPED G &1, ± 3DROXFFL YDU 0ROWR UDUR T 6SO

*URVVR $5 J ? Â&#x2021;3Â&#x2021;= ,$1, Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 7LSR VROLWR 9DULDQWH FRQ GXH JOREHWWL GRSR OD ] DO GU &1, Â± 3DROXFFL YDU 5DUR T 6SO

4XDUWDUROR 0LVW J 3 =,$0, '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, YDU 3DROXFFL 0ROWR UDUR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

/RWWR GL FLQTXH PRQHWH *URVVR &1, YDU PDQFD 3DROXFFL 'D %% D T 6SO

-DFRSR 7LHSROR GRJH ;/,,,

*URVVR $5 J Â&#x2021;,$Â&#x2021;7È¯Â&#x2021;93/Â¶Â&#x2021; Â± 609È¯1È¯7,Â&#x2021; 7LSR VROLWR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH PLJOLRUH GL 6SO

*URVVR $5 J Â&#x2021;,$Â&#x2021;7È¯Â&#x2021;93/Â¶Â&#x2021; Â± Â&#x2021;609È¯1È¯7, 7LSR VROLWR 9DULDQWH VHQ]D SXQWR ILQDOH GRSR 9(1(7, &1, YDU 3DROXFFL 0LJOLRUH GL 6SO

*URVVR $5 J Â&#x2021;,$Â&#x2021;7È¯Â&#x2021;93/Â¶Â&#x2021; Â± Â&#x2021;609È¯1È¯7, 7LSR VROLWR 9DULDQWH VHQ]D SXQWR ILQDOH GRSR 9(1(7, &1, YDU 3DROXFFL 6SO

*URVVR $5 J Â&#x2021;,$Â&#x2021;7È¯Â&#x2021;93/Â¶Â&#x2021; Â± Â&#x2021;609È¯1È¯7,Â&#x2021; 7LSR VROLWR &1, 3DROXFFL T 6SO

%LDQFR VFRGHOODWR 0LVW J , 7È¯239/Â¶ '9; &URFH SDWHQWH DFFDQWRQDWD GD FXQHL 5Y 6 0$5&96 91 %XVWR IURQWDOH GL 6 0DUFR LQWRUQR DOOD WHVWD QRYH JOREHWWL H WUH VXOOD YHVWH &1, YDU 3DROXFFL 5DULVVLPR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

%LDQFR VFRGHOODWR 0LVW J , 7È¯239/Â¶ '9; &URFH SDWHQWH DFFDQWRQDWD GD FXQHL 5Y 6 0$5&96 91 %XVWR IURQWDOH GL 6 0DUFR LQWRUQR DOOD WHVWD QRYH JOREHWWL H TXDWWUR VXOOD YHVWH &1, Â± 3DROXFFL 5DULVVLPR %XRQ %%

4XDUWDUROR 0LVW J , 7 &239/Â¶ '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, 3DROXFFL 5DUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

/RWWR GL FLQTXH PRQHWH *URVVR &1, PDQFD YDU 3DROXFFL 'D %% D T 6SO

0DULQR 0RURVLQL GRJH ;/,9

*URVVR $5 J Â&#x2021;0Â&#x2021;0>$9@52& à²¦ 6Â&#x2021;0Â&#x2021;9È¯1È¯7,Â&#x2021; 7LSR VROLWR &1, 3DROXFFL 5DUR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

*URVVR $5 J Â&#x2021;0Â&#x2021;0>$9@52&à²¦ 6Â&#x2021;0Â&#x2021;9È¯1È¯7,Â&#x2021; 7LSR VROLWR 9DULDQWH FRQ DXUHROD GHO 5HGHQWRUH SHUOLQDWD &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH 6SO

*URVVR $5 J Â&#x2021;0Â&#x2021;0>$9@52&à²¦ 6Â&#x2021;0Â&#x2021;9È¯1È¯7,Â&#x2021; 7LSR VROLWR 9DULDQWH FRQ TXDWWUR JOREHWWL D G GHO 5HGHQWRUH &1, 3DROXFFL 5DUR T 6SO

%LDQFR VFRGHOODWR 0LVW J 0 0>$9@52&& '9; &URFH SDWHQWH DFFDQWRQDWD GD FXQHL 5Y 6 0$5&96 9 1 %XVWR IURQWDOH GL 6 0DUFR LQWRUQR DOOD WHVWD QRYH JOREHWWL H WUH VXOOD YHVWH &1, 3DROXFFL 5DULVVLPR &RQVHUYD]LRQH LQVROLWD T 6SO

4XDUWDUROR 0LVW J 0 0>$9@52&(1 '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, YDU 3DROXFFL (VWUHPDPHQWH UDUR T %%

/RWWR GL GXH PRQHWH *URVVR &1, 3DROXFFL

'D T %% D %%

5DQLHUL =HQR GRJH ;/9

*URVVR $5 J Â&#x2021;5$Â&#x2021;&È¯12Â&#x2021; Â± 60Â&#x2021;9È¯1È¯7, 7LSR VROLWR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH 6SO

*URVVR $5 J Â&#x2021;5$Â&#x2021;*È¯12Â&#x2021; Â± Â&#x2021;60Â&#x2021;9È¯1È¯7,Â&#x2021; 7LSR VROLWR 9DULDQWH FRQ JOREHWWR WUD L SLHGL GHO 5HGHQWRUH &1, 3DROXFFL )RQGL OXFHQWL PLJOLRUH GL 6SO

*URVVR $5 J Â&#x2021;5$Â&#x2021;*È¯12 Â± 60Â&#x2021;9È¯1È¯7, 7LSR VROLWR 9DULDQWH FRQ DQHOOHWWR D V GHO JRPLWR GHO 5HGHQWRUH &1, 3DROXFFL 3DWLQD LULGHVFHQWH 6SO

*URVVR $5 J Â&#x2021;5$Â&#x2021;*È¯12Â&#x2021; Â± Â&#x2021;60Â&#x2021;9È¯1È¯7, 7LSR VROLWR 9DULDQWH FRQ DQHOOHWWR VRWWR JRPLWR V GHO 5HGHQWRUH &1, 3DROXFFL 6SO

%LDQFR VFRGHOODWR 0LVW J 5$ *È¯12 '9; &URFH SDWHQWH DFFDQWRQDWD GD FXQHL 5Y 6 0$5&96 9 1 %XVWR IURQWDOH GL 6 0DUFR LQWRUQR DOOD WHVWD GLHFL JOREHWWL H WUH VXOOD YHVWH &1, 3DROXFFL 0ROWR UDUR ,PELDQFDWXUD RULJLQDOH LQWHJUD 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

4XDUWDUROR 0LVW J 5$ *È¯12 '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, 3DROXFFL 5DUR %%

/RWWR GL FLQTXH PRQHWH *URVVR &1, PDQFD 3DROXFFL %LDQFR VFRGHOODWR &1, 3DROXFFL 'D %% D T 6SO

/RUHQ]R 7LHSROR GRJH ;/9,

*URVVR $5 J Â&#x2021;/$Â&#x2021;7È¯93/Â¶Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9È¯1È¯7, 7LSR VROLWR 9DULDQWH FRQ WULDQJROR D V GHOOD JDPED G &1, 3DROXFFL 6SO

*URVVR $5 J Â&#x2021;/$Â&#x2021;7È¯93/Â¶Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9È¯1È¯7, 7LSR VROLWR &1, 3DROXFFL 3DWLQD LULGHVFHQWH 6SO

*URVVR $5 J Â&#x2021;/$Â&#x2021;7È¯93/Â¶Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9È¯1È¯7, 7LSR VROLWR &1, 3DROXFFL 0LJOLRUH GL 6SO

*URVVR $5 J Â&#x2021;/$Â&#x2021;7È¯93/Â¶Â&#x2021; Â± Â&#x2021;60Â&#x2021;9È¯1È¯7, 7LSR VROLWR 9DULDQWH FRQ SXQWR URPERLGDOH VRWWR LO JRPLWR V GHOOD ILJXUD GHO 5HGHQWRUH &1, 3DROXFFL 0LJOLRUH GL 6SO

*URVVR $5 J Â&#x2021;/$Â&#x2021;7È¯93/Â¶Â&#x2021; Â± Â&#x2021;60Â&#x2021;9È¯1È¯7,Â&#x2021; 7LSR VROLWR 9DULDQWH FRQ SXQWL URPERLGDOL VRWWR LO JRPLWR G H D V GHOOD JDPED G GHO 5HGHQWRUH &1, 3DROXFFL 6SO

0H]]R JURVVR $5 J Â&#x2021;/ $7È¯93/Â¶Â&#x2021; Â± 60 9È¯1È¯7, 7LSR VROLWR GHO JURVVR $L ODWL GHO 5HGHQWRUH GXH FURFHWWH &1, 3DROXFFL Â± (VWUHPDPHQWH UDUR 3DWLQD GL PHGDJOLHUH GHEROH]]H GL FRQLR DOWULPHQWL T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

'HQDUR R SLFFROR VFRGHOODWR 0LVW J /$ 7( '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, YDU 3DROXFFL 5DUR %%

'HQDUR R SLFFROR VFRGHOODWR 0LVW J /$ 7( '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL 5DUR 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

%LDQFR VFRGHOODWR 0LVW J /$ 7(93/Â¶ '9; &URFH SDWHQWH DFFDQWRQDWD GD FXQHL 5Y 6 0$5&96 9 1 %XVWR IURQWDOH GL 6 0DUFR LQWRUQR DOOD WHVWD QRYH JOREHWWL H WUH VXOOD YHVWH &1, 3DROXFFL 0ROWR UDUR 0LJOLRUH GL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU SHU OLUH

%LDQFR VFRGHOODWR 0LVW J /$ 7(93/Â¶ '9; &URFH SDWHQWH DFFDQWRQDWD GD FXQHL 5Y 6 0$5&96 9 1 %XVWR IURQWDOH GL 6 0DUFR LQWRUQR DOOD WHVWD QRYH JOREHWWL H WUH VXOOD YHVWH &1, 3DROXFFL 0ROWR UDUR 6SO

%LDQFR VFRGHOODWR 0LVW J /$ 7(93/Â¶ '9; &URFH SDWHQWH DFFDQWRQDWD GD FXQHL 5Y 6 0$5&96 9 1 %XVWR IURQWDOH GL 6 0DUFR LQWRUQR DOOD WHVWD QRYH JOREHWWL H WUH VXOOD YHVWH &1, Â± 3DROXFFL YDU 0ROWR UDUR %% ([ DVWD 1$& 9DULDQWH DSSDUHQWHPHQWH LQHGLWD FRQ OHJHQGD DO GU VHQ]D LQWHUSXQ]LRQH

'RSSLR TXDUWDUROR 0LVW J /$ 7(93/ '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, 3DROXFFL (VWUHPDPHQWH UDUR 0%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

4XDUWDUROR 0LVW J /$ 7(93/ '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, 3DROXFFL 0ROWR UDUR %%

/RWWR GL VHL PRQHWH *URVVR &1, YDU YDU 3DROXFFL 'HQDUR R SLFFROR VFRGHOODWR &1, 3DROXFFL 4XDUWDUROR &1, 3DROXFFL 'D 0% D T 6SO

-DFRSR &RQWDULQL GRJH ;/9,,

*URVVR $5 J Â&#x2021;,$Â&#x2021; 7$5,1Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9È¯1È¯7, 7LSR VROLWR 9DULDQWH FRQ SXQWR VRWWR LO JRPLWR V GHO 5HGHQWRUH &1, 3DROXFFL 6SO

*URVVR $5 J Â&#x2021;,$Â&#x2021; 7$5,1Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9È¯1È¯7, 7LSR VROLWR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH 6HJQHWWR VXO ERUGR DO GU DOWULPHQWL 6SO

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

*URVVR $5 J Â&#x2021;,$Â&#x2021; 7$5,1Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9È¯1È¯7, 7LSR VROLWR 9DULDQWH FRQ JOREHWWL VRWWR L JRPLWL GHO 5HGHQWRUH &1, 3DROXFFL )RQGL OXFHQWL &RQLR UXJJLQRVR DO UY DOWULPHQWL PLJOLRUH GL 6SO

*URVVR $5 J Â&#x2021;,$Â&#x2021; 7$5,1Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9È¯1È¯7, 7LSR VROLWR 9DULDQWH FRQ JOREHWWR WUD L SLHGL GHO 5HGHQWRUH &1, 3DROXFFL 6SO

'HQDUR R SLFFROR VFRGHOODWR 0LVW J ,$ 7 '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL 5DUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

%LDQFR VFRGHOODWR 0LVW J ,$ 7$5( '9; &URFH SDWHQWH DFFDQWRQDWD GD FXQHL 5Y 6 0$5&96 9 1 %XVWR IURQWDOH GL 6 0DUFR LQWRUQR DOOD WHVWD QRYH JOREHWWL H WUH VXOOD YHVWH &1, 3DROXFFL 0ROWR UDUR T 6SO

%LDQFR VFRGHOODWR 0LVW J ,$ 7$5( '9; &URFH SDWHQWH DFFDQWRQDWD GD FXQHL 5Y 6 0$5&96 9 1 %XVWR IURQWDOH GL 6 0DUFR LQWRUQR DOOD WHVWD QRYH JOREHWWL H WUH VXOOD YHVWH &1, 3DROXFFL 0ROWR UDUR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

'RSSLR TXDUWDUROR 0LVW J ,$ 7$5( '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, 3DROXFFL (VWUHPDPHQWH UDUR )RUDWR 0% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

4XDUWDUROR 0LVW J ,$ 7$5( '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, YDU 3DROXFFL 0ROWR UDUR T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

/RWWR GL TXDWWUR PRQHWH *URVVR &1, 3DROXFFL 'HQDUR R SLFFROR VFRGHOODWR &1, YDU 3DROXFFL 4XDUWDUROR &1, Â± FIU 3DROXFFL 'D T %% D T 6SO

*LRYDQQL 'DQGROR GRJH ;/9,,,

'XFDWR $9 J Â&#x2021;,2Â&#x2021;'$1'9/Â¶Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3È¯Â&#x2021;'$7Â¶Â&#x2021;4 79 Â± 5(*,6Â&#x2021;,6(Â&#x2021;'9&$7Â¶Â&#x2021; ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL QRYH VWHOOH &1, Â± FIU 3DROXFFL YDU )ULHGEHUJ 5DULVVLPR &RQLR UXJJLQRVR DO GU DOWULPHQWL T 6SO ([ DVWD )LQDUWH HG H[ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU SHU OLUH &RQ GHOLEHUD GHO 0DJJLRU &RQVLJOLR GHO RWWREUH YHQQH RUGLQDWD OÂ¶LQWURGX]LRQH GHO GXFDWR GÂ¶RUR YHQH]LDQR DO YDORUH GL GLFLRWWR JURVVL GÂ¶DUJHQWR ,O WLSR HG L VRJJHWWL VFHOWL ULPDUUDQQR LQDOWHUDWL ILQR DOOD ILQH GHOOD 5HSXEEOLFD H VRWWR LO SURILOR PHWURORJLFR DQFKH OD SXUH]]D GL RUR ILQR D YHQWLTXDWWUR FDUDWL QRQ YHUUj PDL DOWHUDWD 4XHVWD QXRYD PRQHWD DXUHD GLYHUUj LO SHUQR GHOOD PRQHWD]LRQH YHQH]LDQD QRQFKp SHU GLYHUVL VHFROL SULQFLSDOH YDOXWD SHU JOL VFDPEL FRPPHUFLDOL QHOOÂ¶DUHD PHGLWHUUDQHD

*URVVR $5 J Â&#x2021;,2Â&#x2021;'$1'9/Â¶Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 7LSR VROLWR 9DULDQWH FRQ WUH DQHOOHWWL D V GHOOD JDPED G 5HGHQWRUH &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH PLJOLRUH GL 6SO

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

*URVVR $5 J Â&#x2021;,2Â&#x2021;'$1'9/Â¶ Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 7LSR VROLWR 9DULDQWH FRQ WUH DQHOOHWWL D V GHOOD JDPED G 5HGHQWRUH &1, YDU 3DROXFFL 3DWLQD LULGHVFHQWH 6SO

'HQDUR R SLFFROR VFRGHOODWR 0LVW J ,2 '$ '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL 5DUR T 6SO

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

%LDQFR VFRGHOODWR 0LVW J ,2 '$1'9/Â¶ '9; &URFH SDWHQWH DFFDQWRQDWD GD FXQHL 5Y 6 0$5&96 9 1 %XVWR IURQWDOH GL 6 0DUFR &1, 3DROXFFL (VWUHPDPHQWH UDUR &RQVHUYD]LRQH LQVROLWD SHU LO WLSR 6SO

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

%LDQFR VFRGHOODWR 0LVW J ,2 '$1'9/Â¶ '9; &URFH SDWHQWH DFFDQWRQDWD GD FXQHL 5Y 6 0$6 FRULFDWD &96 9 1 %XVWR IURQWDOH GL 6 0DUFR &1, Â± 3DROXFFL Â± 9DULDQWH DSSDUHQWHPHQWH LQHGLWD %% ([ DVWD 1$&

'RSSLR TXDUWDUROR 0LVW J ,2 '$1'9/Â¶ '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, 3DROXFFL (VWUHPDPHQWH UDUR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

4XDUWDUROR 0LVW J ,2 '$1'9/ '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, 3DROXFFL 5DUR 0LJOLRUH GL %%

4XDUWDUROR 0LVW J ,2 '$1'9/ '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 URYHVFLDWD &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, 3DROXFFL 5DUR %%

/RWWR GL VHL PRQHWH *URVVR &1, YDU 3DROXFFL 'HQDUR R SLFFROR VFRGHOODWR &1, 3DROXFFL %LDQFR VFRGHOODWR &1, 3DROXFFL 4XDUWDUROR &1, 3DROXFFL 'D %% D T 6SO 3LHWUR *UDGHQLJR GRJH ;/,;

'XFDWR $9 J Â&#x2021;3(Â&#x2021; *5$'21,&2Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021; 4 79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶Â&#x2021; ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 5DUR T 6SO

*URVVR $5 J Â&#x2021;3(Â&#x2021;*5$'21,&2Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7,Â&#x2021; 7LSR VROLWR 9DULDQWH FRQ JOREHWWR D V GHOOD JDPED G 5HGHQWRUH &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH 6SO

*URVVR $5 J Â&#x2021;3(Â&#x2021;*5$'21,&2Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7,Â&#x2021; 7LSR VROLWR 9DULDQWH FRQ DQHOOHWWR VRWWR DO JRPLWR V GHO 5HGHQWRUH &1, 3DROXFFL %HOOLVVLPD SDWLQD LULGHVFHQWH H FRQVHUYD]LRQH HFFH]LRQDOH T )GF

'HQDUR R SLFFROR VFRGHOODWR 0LVW J 3( *5$ '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL 5DUR %% ([ DVWD 1$& LQ ORWWR

'HQDUR R SLFFROR VFRGHOODWR 0LVW J 3( *5$ '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, Â± FIU 3DROXFFL 5DUR %XRQ %%

%LDQFR VFRGHOODWR 0LVW J 3( *5$'21,&Â¶ '9; &URFH SDWHQWH DFFDQWRQDWD GD FXQHL 5Y 6 0$5&96 9 1 %XVWR IURQWDOH GL 6 0DUFR &1, 3DROXFFL 0ROWR UDUR %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

%LDQFR VFRGHOODWR 0LVW J 3( *5$'21,&Â¶ '9; &URFH SDWHQWH DFFDQWRQDWD GD FXQHL 5Y 6 0$5&96 9 1 %XVWR IURQWDOH GL 6 0DUFR VXOOD YHVWH TXDWWUR JOREHWWL &1, 3DROXFFL 0ROWR UDUR T 6SO

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR QHO SHU OLUH

'RSSLR TXDUWDUROR 0LVW J 3( *5$'21,&Â¶ '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, 3DROXFFL 0ROWR UDUR 0LJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

4XDUWDUROR 0LVW J 3( *5$'21,&Â¶ '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, YDU XQ VROR HVHPSODUH 0 7ULHVWH 3DROXFFL (VWUHPDPHQWH UDUR 0LJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

/RWWR GL VHL PRQHWH *URVVR &1, 3DROXFFL 'HQDUR R SLFFROR VFRGHOODWR &1, 3DROXFFL %LDQFR VFRGHOODWR &1, 3DROXFFL 'D %% D T 6SO 0DULQR =RU]L GRJH /

*URVVR $5 J Â&#x2021;0$Â&#x2021;*(25*,2Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 7LSR VROLWR 9DULDQWH FRQ WULIRJOLR VRWWR LO JRPLWR V GHO 5HGHQWRUH &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH T 6SO

*URVVR $5 J Â&#x2021;0$Â&#x2021;*(25*,2Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 7LSR VROLWR 9DULDQWH FRQ WULIRJOLR VRWWR LO JRPLWR V GHO 5HGHQWRUH &1, 3DROXFFL 0ROWR UDUR %%

4XDUWDUROR 0LVW J 0$ *(25 '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, 3DROXFFL 5DULVVLPR 0%

4XDUWDUROR 0LVW J 0$ *(25*,2 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, Â± 3DROXFFL Â± 9DULDQWH LQHGLWD 0%

4XDUWDUROR 0LVW J 0$ *(25 ' 9 ; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, Â± 3DROXFFL Â± 9DULDQWH DSSDUHQWHPHQWH LQHGLWD T %%

/RWWR GL WUH PRQHWH 4XDUWDUROR &1, PDQFD 3DROXFFL

'D 0% D T %%

*LRYDQQL 6RUDQ]R GRJH /,

'XFDWR $9 J Â&#x2021;,2 693Â¶$17,2Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD VRWWR OD EDQGHUXROD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶Â&#x2021; ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ 0ROWR UDUR &RQVHUYD]LRQH HFFH]LRQDOH T )GF

*URVVR $5 J Â&#x2021;,2 693Â¶$17,2Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 7LSR VROLWR &1, YDU 3DROXFFL 3DWLQD GL PHGDJOLHUH 6SO

6X TXHVWR HVHPSODUH YL q OD SULPD UDSSUHVHQWD]LRQH GHO OHRQH DODWR GL 6DQ 0DUFR VXOOD EDQGLHUD GHO YHVVLOOR , VXFFHVVLYL JURVVL SUHVHQWDQR LQYHFH XQD SLFFROD FURFH

*URVVR $5 J Â&#x2021;,2 693Â¶$17,2Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 7LSR VROLWR 9DULDQWH FRQ WUH JOREHWWL VXOOR VFKLHQDOH D G GHO 5HGHQWRUH H WUH DQHOOHWWL D WULDQJROR SUHVVR OD JDPED G &1, 3DROXFFL %HOOLVVLPD SDWLQD LULGHVFHQWH 6SO

*URVVR $5 J ,2 693Â¶$17,2 Â± 60 9(1(7, 7LSR VROLWR 9DULDQWH VHQ]D LQWHUSXQ]LRQH DO GU H VHQ]D VHJQL GL ]HFFD &1, Â± 3DROXFFL 2VVLGD]LRQH PDUJLQDOH DOWULPHQWL PLJOLRUH GL 6SO ([ DVWD 0RQWHQDSROHRQH

*URVVR $5 J Â&#x2021;,2 693Â¶$17,2Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 7LSR VROLWR 9DULDQWH VHQ]D VHJQL GL ]HFFD &1, 3DROXFFL T )GF

'HQDUR R SLFFROR VFRGHOODWR 0LVW J ,2 693 '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, YDU 3DROXFFL 5DULVVLPR %% %XRQ %%

4XDUWDUROR 0LVW J ,2 6Â« '9; 1HO FDPSR OHWWHUH 9 1 & ( GLVSRVWH D FURFH 5Y 6 0$5&96 &URFH SDWHQWH DFFDQWRQDWD GD JLJOL &1, 3DROXFFL (VWUHPDPHQWH UDUR T 0%

/RWWR GL TXDWWUR PRQHWH *URVVR &1, 3DROXFFL

'D EXRQ %% D 6SO

)UDQFHVFR 'DQGROR GRJH /,,

'XFDWR $9 J )5$ '$1'9/2 Â± 60 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â¶Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶Â&#x2021; ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V $QHOOHWWR QHOOD SULPD VWHOOD GDOOÂ¶DOWR D V GHO 5HGHQWRUH 3DROXFFL )ULHGEHUJ 5DUR ,PSHUFHWWLELOL JUDIILHWWL DO GU GLHWUR OD ILJXUD GL 6 0DUFR DOWULPHQWL 6SO

*URVVR $5 J )5$ '$1'9/2Â&#x2021; Â± Â&#x2021;60 9(1(7,Â&#x2021; 7LSR VROLWR &1, 3DROXFFL 5DUR &RQVHUYD]LRQH HFFH]LRQDOH T )GF

'XFDWR $9 J Â&#x2021;)5$Â&#x2021;'$1'9/2Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7,Â&#x2021; 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â¶Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶Â&#x2021; ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V $QHOOHWWR QHOOD SULPD VWHOOD GDOOÂ¶DOWR D V GHO 5HGHQWRUH 3DROXFFL )ULHGEHUJ 5DUR 6SO

*URVVR $5 J )5$ '$1'9/2 Â± 60 9(1(7, 7LSR VROLWR &1, 3DROXFFL 5DUR T )GF

*URVVR $5 J )5$ '$1'9/2 Â± 60 9(1(7, 7LSR VROLWR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH 6SO

([ FROOH]LRQH =RSSROD

*URVVR $5 J )5$ '$1'9/2 Â± Â&#x2021; 60 9(1(7,Â&#x2021; 7LSR VROLWR &1, Â± FIU H VHJJ 3DROXFFL 5DUR &RQVHUYD]LRQH HFFH]LRQDOH T )GF

*URVVR $5 J 3$ '$1'9 ,2 Â± 60 9(1(7, 7LSR VROLWR &1, Â± 3DROXFFL Â± 9DULDQWH DSSDUHQWHPHQWH LQHGLWD T 6SO

,QWHUHVVDQWH HG DSSDUHQWHPHQWH LQHGLWD YDULDQWH FRQ HUURUH GHOOD OHJHQGD DO GU 3$ DQ]LFKp )5$

0H]]R JURVVR R PH]]DQLQR $5 J Â&#x2021;)5$Â&#x2021;'$1 Â± '9/2Â&#x2021;'9;Â&#x2021; ,O GRJH VWDQWH D V UHJJH LO YHVVLOOR FRQ HQWUDPEH OH PDQL 5Y 6 0$5& Â± 9(1(7, %XVWR QLPEDWR GL 6 0DUFR GL IURQWH EHQHGLFHQWH H FRQ YDQJHOR QHOOD V &1, 3DROXFFL 5DUR 6SO

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU SHU OLUH

0H]]R JURVVR R PH]]DQLQR $5 J )5$Â&#x2021;'$1 Â± '9/2Â&#x2021;'9;Â&#x2021; ,O GRJH VWDQWH D V UHJJH LO YHVVLOOR FRQ HQWUDPEH OH PDQL 5Y 6 0$5& Â± 9(1(7, %XVWR QLPEDWR GL 6 0DUFR GL IURQWH EHQHGLFHQWH H FRQ YDQJHOR QHOOD V &1, 3DROXFFL 5DUR %XRQ %%

6ROGLQR $5 J )5$ '$1 Â± '9/2 '9; ,O GRJH JHQXIOHVVR D V UHJJH LO YHVVLOOR FRQ HQWUDPEH OH PDQL 5Y 6 0$5&96 9(1(7, /HRQH QLPEDWR D V FRQ YHVVLOOR &1, 3DROXFFL /HJJHUD SDWLQD 6SO

'HQDUR R SLFFROR VFRGHOODWR 0LVW J )5$ '$ '9; &URFH SDWHQWH FRQ JOREHWWL DOOH HVWUHPLWj 5Y 6 0$5&96 &URFH SDWHQWH FRQ JOREHWWL DOOH HVWUHPLWj &1, 3DROXFFL 0ROWR UDUR %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU SHU OLUH

%LDQFR VFRGHOODWR 0LVW J )5$ '$ '9; &URFH SDWHQWH DFFDQWRQDWD GD FXQHL 5Y 6 0$5&96 %XVWR IURQWDOH GL 6 0DUFR FRQ QLPER GL GLHFL JOREHWWL H WUH VXOOD YHVWH &1, 3DROXFFL (VWUHPDPHQWH UDUR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

/RWWR GL RWWR PRQHWH *URVVR &1, PDQFD 3DROXFFL 0H]]R JURVVR R PH]]DQLQR &1, 6ROGLQR &1, PDQFD 'HQDUR R SLFFROR VFRGHOODWR &1, YDU 3DROXFFL 'D T %% D 6SO

%DUWRORPHR *UDGHQLJR GRJH /,,,

'XFDWR $9 J %$ *5$'21,&2 Â± Â&#x2021;6Â&#x2021;0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 5DUR 0LJOLRUH GL 6SO

*URVVR $5 J %$ *5$'20,&2Â&#x2021; Â± Â&#x2021;60Â&#x2021;9(1(7,Â&#x2021; 7LSR VROLWR &1, YDU 3DROXFFL 5DUR 0LJOLRUH GL 6SO

*URVVR $5 J Â&#x2021;%$ *5$'21,&2 Â± Â&#x2021;60Â&#x2021;9(1(7,Â&#x2021; 7LSR VROLWR &1, 3DROXFFL 5DUR 0LJOLRUH GL 6SO

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU SHU OLUH

6ROGLQR $5 J %$ *5$'2 Â± 1,&2 '9; ,O GRJH JHQXIOHVVR D V UHJJH LO YHVVLOOR FRQ HQWUDPEH OH PDQL 5Y 6 0$5&96 9(1(7, /HRQH QLPEDWR D V FRQ YHVVLOOR &1, Â± FIU H VHJJ 3DROXFFL 5DUR 0LJOLRUH GL 6SO

'HQDUR R SLFFROR VFRGHOODWR 0LVW J %$ *5$ '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, YDU 3DROXFFL 5DULVVLPR %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

/RWWR GL TXDWWUR PRQHWH *URVVR &1, YDU 3DROXFFL 6ROGLQR &1, 3DROXFFL 'D %% D 6SO

$QGUHD 'DQGROR GRJH /,9

'XFDWR $9 J $1'5 '$1'9/2 Â± Â&#x2021;6Â&#x2021;0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ 0LJOLRUH GL 6SO

'XFDWR $9 J $1'5 '$1'9/2 Â± Â&#x2021;60 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6 ,67( '9&$7Â¶Â&#x2021; ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

'XFDWR $9 J $1'5Â&#x2021;'$1'9/2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7,Â&#x2021; 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6 ,67( '9&$7Â¶Â&#x2021; ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ &RQVHUYD]LRQH HFFH]LRQDOH T )GF

'XFDWR $9 J $1'5Â&#x2021;'$1'9/2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7,Â&#x2021; 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD VRWWR OD EDQGHUXROD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ 6SO

*URVVR $5 J $1'5 '$1'9/2 Â± Â&#x2021;60 9(1(7, 7LSR VROLWR &1, YDU 3DROXFFL 5DUR 0LJOLRUH GL 6SO

*URVVR $5 J $1'5 '$1'9/2Â&#x2021; Â± Â&#x2021;60 9(1(7, 7LSR VROLWR PD DO UY OHJHQGD FRQ ,&& Â± ;& H TXDWWUR JOREHWWL GLVSRVWL D FURFH VRWWR LO JRPLWR G GHO 5HGHQWRUH &1, Â± 3DROXFFL Â± 5DULVVLPR 3DWLQD GL PHGDJOLHUH T 6SO

0H]]DQLQR GL QXRYR WLSR $5 J $1 '$'9/Â¶ Â± 6 0 9(1( 6 0DUFR QLPEDWR D V VWDQWH GL WUH TXDUWL ULFHYH XQ FHUHR GDO GRJH VWDQWH GL SURILOR D G 6RSUD LO FHUHR QHO JLUR '9; H VRWWR 3 3LHWUR &RQWDULQL R 3LHWUR 0DQLQ PDVVDUL 5Y ;36 5(6 Â± 95(6,7 ,O &ULVWR QLPEDWR FRQ YHVVLOOR QHOOD G ULVRUJH GDO VHSROFUR &1, 3DROXFFL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 2 9LWDOLQL QHO SHU OLUH

0H]]DQLQR GL QXRYR WLSR $5 J $1 '$'9/Â¶ Â± 6 0 9(1( 6 0DUFR QLPEDWR D V VWDQWH GL WUH TXDUWL ULFHYH XQ FHUHR GDO GRJH VWDQWH GL SURILOR D G 6RSUD LO FHUHR QHO JLUR '9; H VRWWR &v *LRYDQQL 3DSD]L]D PDVVDUR 5Y ;36 5(6 Â± 95(6,7 ,O &ULVWR QLPEDWR FRQ YHVVLOOR QHOOD G ULVRUJH GDO VHSROFUR &1, YDU 3DROXFFL 5DUD VLJOD GL PDVVDUR T 6SO

0H]]DQLQR GL QXRYR WLSR $5 J $1 '$'9/Â¶ Â± 6 0 9(1( 6 0DUFR QLPEDWR D V VWDQWH GL WUH TXDUWL ULFHYH XQ FHUHR GDO GRJH VWDQWH GL SURILOR D G 6RSUD LO FHUHR QHO JLUR '9; H VRWWR 6 6HFRQGR $YHQWXUDGR PDVVDUR 5Y ;36 5(6 Â± 95(6,7 ,O &ULVWR QLPEDWR FRQ YHVVLOOR QHOOD G ULVRUJH GDO VHSROFUR &1, YDU 3DROXFFL 6SO T 6SO

0H]]DQLQR GL QXRYR WLSR $5 J $1 '$'9/Â¶ Â± 6 0 9(1( 6 0DUFR QLPEDWR D V VWDQWH GL WUH TXDUWL ULFHYH XQ FHUHR GDO GRJH VWDQWH GL SURILOR D G 6RSUD LO FHUHR QHO JLUR '9; H VRWWR $ PDVVDUR VFRQRVFLXWR 5Y ;36 5(6 Â± 95(6,7 ,O &ULVWR QLPEDWR FRQ YHVVLOOR QHOOD G ULVRUJH GDO VHSROFUR &1, YDU 3DROXFFL 3DWLQD GL PHGDJOLHUH 6SO

6ROGLQR $5 J $1'5 '$1 Â± '9/2 '9; ,O GRJH JHQXIOHVVR D V UHJJH LO YHVVLOOR FRQ HQWUDPEH OH PDQL 5Y 6 0$5&96 9(1(7, /HRQH QLPEDWR D V FRQ YHVVLOOR &1, 3DROXFFL T 6SO

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

6ROGLQR GL QXRYR WLSR $5 J $1'5 '$1 Â± '9/2 '9; ,O GRJH JHQXIOHVVR D V UHJJH LO YHVVLOOR FRQ HQWUDPEH OH PDQL 5Y 6 0$5&96 9(1(7, /HRQH QLPEDWR D V FRQ YHVVLOOR D V 6 6HFRQGR $YHQWXUDGR PDVVDUR &1, 3DROXFFL %HOOD SDWLQD LULGHVFHQWH H FRQVHUYD]LRQH HFFH]LRQDOH T )GF

'HQDUR R SLFFROR VFRGHOODWR 0LVW J $1 '$1 '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, YDU 3DROXFFL 5DUR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

7RUQHVHOOR 0LVW J $1'5 '$1'9/2 '9; &URFH SDWHQWH 5Y 9(;,/,)(5 9(1(&,$Â¶ /HRQH LQ VROGR &1, 3DROXFFL 0ROWR UDUR T %%

/RWWR GL RWWR PRQHWH 0H]]DQLQR QXRYR WLSR &1, YDU 3DROXFFL 6ROGLQR &1, YDU 3DROXFFL 6ROGLQR GL QXRYR WLSR &1, 3DROXFFL 'HQDUR R SLFFROR VFRGHOODWR &1, 3DROXFFL 'D T %% D 6SO

0DULQ )DOLHUR GRJH /9

6ROGLQR $5 J 0$5,1 )$/ Â± ('52 '9; ,O GRJH JHQXIOHVVR D V UHJJH LO YHVVLOOR FRQ HQWUDPEH OH PDQL 5Y 6 0$5&96 9(1(7, /HRQH QLPEDWR D V FRQ YHVVLOOR D V 0 JRWLFD PDVVDUR VFRQRVFLXWR &1, YDU 3DROXFFL 0ROWR UDUR %XRQ %%

6ROGLQR $5 J 0$,1Â¶ )$/ Â± ('52 '9; ,O GRJH JHQXIOHVVR D V UHJJH LO YHVVLOOR FRQ HQWUDPEH OH PDQL 5Y 6 0$5&96 9(1(7, /HRQH QLPEDWR D V FRQ YHVVLOOR D V 0 JRWLFD PDVVDUR VFRQRVFLXWR &1, 3DROXFFL 0ROWR UDUR %XRQ %%

6ROGLQR $5 J 0$5,1 )$/ Â± ('52 '9; ,O GRJH JHQXIOHVVR D V UHJJH LO YHVVLOOR FRQ HQWUDPEH OH PDQL 5Y 6 0$5&96 9(1(7, /HRQH QLPEDWR D V FRQ YHVVLOOR D V 6 PDVVDUR VFRQRVFLXWR &1, 3DROXFFL 0ROWR UDUR T 6SO

'HQDUR R SLFFROR VFRGHOODWR 0LVW J 0$5 )$ '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, Â± 3DROXFFL (VWUHPDPHQWH UDUR T %%

7RUQHVHOOR 0LVW J 0$5,1 )$/(' '9; &URFH SDWHQWH 5Y 9(;,/,)(5 9(1(&,$6 /HRQH LQ VROGR &1, 3DROXFFL 5DULVVLPR T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

*LRYDQQL *UDGHQLJR GRJH /9,

'XFDWR $9 J ,2 *5$'21,&2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7,Â&#x2021; 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR ,QVLJQLILFDQWH GHEROH]]D GL FRQLR DO UY DOWULPHQWL HVHPSODUH GL FRQVHUYD]LRQH HFFH]LRQDOH T )GF ([ FROOH]LRQH 'H /D]DUD DFTXLVWDWR QHO SHU OLUH

*URVVR $5 J ,2 *5$'2,&2Â&#x2021; Â± Â&#x2021;60Â&#x2021;9(1(7, 7LSR VROLWR &1, Â± 3DROXFFL 5DULVVLPR 3DWLQD GL PHGDJOLHUH T 6SO

'HQDUR R SLFFROR VFRGHOODWR 0LVW J ,2 *5$ '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, YDU 3DROXFFL (VWUHPDPHQWH UDUR T 6SO %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

7RUQHVHOOR 0LVW J ,2 *5$'2,&2 '9; &URFH SDWHQWH 5Y 9(;,/,)(5 9(1(&,$ /HRQH LQ VROGR &1, YDU 3DROXFFL 5DUR T %%

/RWWR GL TXDWWUR PRQHWH 6ROGLQR &1, YDU 3DROXFFL

%% D 6SO

*LRYDQQL 'ROILQ GRJH /9,

'XFDWR $9 J Â&#x2021;,2 '(/3K\12 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7,Â&#x2021; 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD JOREHWWR DO FHQWUR H VRWWR OD EDQGHUXROD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ &RQVHUYD]LRQH HFFH]LRQDOH T )GF

'XFDWR $9 J ,2 '(/3K\12Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7,Â&#x2021; 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ 6SO

'XFDWR $9 J ,2 '(/3K\12Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7,Â&#x2021; 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD JOREHWWR DO FHQWUR H VRWWR OD EDQGHUXROD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021; '$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ &RQVHUYD]LRQH HFFH]LRQDOH T )GF

'HQDUR R SLFFROR VFRGHOODWR 0LVW J ,2 '(/ '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL 0ROWR UDUR T %%

7RUQHVHOOR 0LVW J ,2 '(/3K\12 '9; &URFH SDWHQWH 5Y 9(;,/,)(5 9(1(&,$ /HRQH LQ VROGR &1, 3DROXFFL 5DUR %XRQ %%

/RWWR GL GLHFL PRQHWH 6ROGLQR &1, PDQFD YDU YDU 3DROXFFL 'HQDUR R SLFFROR VFRGHOODWR &1, 3DROXFFL 7RUQHVHOOR &1, YDU 3DROXFFL 'D T %% D 6SO

/RUHQ]R &HOVL GRJH /9,,,

'XFDWR $9 J /$95Â&#x2021;&(/6, Â± 60 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ 6SO

'XFDWR $9 J /$95Â&#x2021;&(/6,Â&#x2021; Â± 60 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD VRWWR OD EDQGHUXROD ' 9 ; H LQ EDVVR GDYDQWL OD ILJXUD GL 6 0DUFR JOREHWWR 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 0LJOLRUH GL 6SO

'XFDWR $9 J /$95Â&#x2021;&(/6,Â&#x2021; Â± 60 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO 'RJH JHQXIOHVVR /XQJR OÂ¶DVWD VRWWR OD EDQGHUXROD ' 9 ; H LQ EDVVR GDYDQWL OD ILJXUD GL 6 0DUFR JOREHWWR 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ 0LJOLRUH GL 6SO

'HQDUR R SLFFROR VFRGHOODWR 0LVW J /$ &(/ '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, YDU 3DROXFFL 5DULVVLPR T %%

7RUQHVHOOR 0LVW J /$95 &(/6, '9; &URFH SDWHQWH 5Y 9(;,/,)(5 9(1(&,$ /HRQH LQ VROGR &1, 3DROXFFL 5DUR %%

/RWWR GL XQGLFL PRQHWH 6ROGLQR &1, PDQFD YDU 3DROXFFL 7RUQHVHOOR &1, 3DROXFFL 'D %% D 6SO

0DUFR &RUQHU GRJH /9,,,

'XFDWR $9 J 0$5&Â¶ &251$5,2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6 ,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 0LJOLRUH GL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

'XFDWR $9 J 0$5&Â¶ &251$5,2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶Â&#x2021;4Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ T 6SO

'HQDUR R SLFFROR VFRGHOODWR 0LVW J 0$ &25 '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL 5DULVVLPR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

'HQDUR R SLFFROR VFRGHOODWR 0LVW J 0$ &25 '9; &URFH SDWHQWH 5Y 6 0$5 &96 &URFH SDWHQWH &1, YDU 3DROXFFL 5DULVVLPR T %% ([ FROOH]LRQH 'H /D]DUD HG H[ DVWH )LQDUWH 1$& LQ ORWWR

7RUQHVHOOR 0LVW J 0$5& &251 '9; &URFH SDWHQWH 5Y 9(;,/,)(5 9(1(&,$ /HRQH LQ VROGR &1, 3DROXFFL 5DUR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

/RWWR GL FLQTXH PRQHWH 6ROGLQR &1, 3DROXFFL 7RUQHVHOOR &1, 3DROXFFL )DOVR GÂ¶HSRFD LQ UDPH GHO GXFDWR 'D 0% D 6SO

$QGUHD &RQWDULQL GRJH /;

'XFDWR $9 J $1'5Â¶ 7$5(12 Â± 6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD VRWWR OD EDQGHUXROD ' 9 ; H VRWWR LO JRPLWR GL 6 0DUFR FURFHWWD 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶ 4Â¶ 79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ &RQVHUYD]LRQH HFFH]LRQDOH T )GF ([ DVWD 0RQWHQDSROHRQH

'XFDWR $9 J $1'5Â¶ 7$5(12 Â± 6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶Â&#x2021;79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 0LJOLRUH GL 6SO ([ DVWD 1$&

'XFDWR $9 J $1'5Â¶ 7$5(12 Â± 6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 6SO

*URVVR VHFRQGR WLSR $5 J $1'5Â¶ 7$5(12 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR SRUJH LO YHVVLOOR DO GRJH 5Y ,O 5HGHQWRUH LQ WURQR DL ODWL VWHOOD Â± ) )LOLSSR %DUEDULJR PDVVDUR H LQ DOWR ,& Â± ;& 6RWWR LO JRPLWR G GHO 5HGHQWRUH H D G GHO WURQR LQ EDVVR WUH DQHOOHWWL GLVSRVWL D WULDQJROR &1, YDU 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH 6SO

*URVVR VHFRQGR WLSR $5 J $1'5Â¶Â&#x2021; 7$5(12 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7,Â&#x2021; 6 0DUFR SRUJH LO YHVVLOOR DO GRJH 5Y ,O 5HGHQWRUH LQ WURQR DL ODWL VWHOOD Â± 3 PDVVDUR VFRQRVFLXWR H LQ DOWR ,& Â± ;& &1, 3DROXFFL 5DUR 'HEROH]]D GL FRQLR DO GU DOWULPHQWL PLJOLRUH GL %% ([ DVWD 1$&

6ROGLQR $5 J $1'5Â¶ Â± 7$5Â¶'9; ,O GRJH JHQXIOHVVR D V UHJJH LO YHVVLOOR FRQ HQWUDPEH OH PDQL 5Y 6 0$5&96 9(1(7, /HRQH QLPEDWR D V FRQ YHVVLOOR D V ) )LOLSSR %DUEDULJR PDVVDUR &1, 3DROXFFL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

6ROGLQR $5 J $1'5Â¶ Â± 7$5Â¶'9; ,O GRJH JHQXIOHVVR D V UHJJH LO YHVVLOOR FRQ HQWUDPEH OH PDQL D G ' 'RQDWR 4XLQWDYDOOH PDVVDUR 5Y 6 0$5&96 9(1(7, /HRQH LQ VROGR &1, 3DROXFFL 3DWLQD LULGHVFHQWH T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

6ROGLQR GRSR LO $5 J $1'5Â¶ Â± 7$5Â¶'9; ,O GRJH JHQXIOHVVR D V UHJJH LO YHVVLOOR FRQ HQWUDPEH OH PDQL DL ODWL VWHOOD Â± ) )LOLSSR %DUEDULJR PDVVDUR 5Y 6 0$5&96 9(1(7, /HRQH LQ VROGR &1, 3DROXFFL T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

'HQDUR R SLFFROR VFRGHOODWR 0LVW J $1' 7 '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, Â± 3DROXFFL Â± (VWUHPDPHQWH UDUR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH (VHPSODUH SXEEOLFDWR GD *LRYDQQLQD 0DMHU LQ Â´$UFKLYLR 9HQHWRÂ´ D FXUD GHOOD 5 'HSXWD]LRQH GL VWRULD SDWULD SHU OH 9HQH]LH YRO ;,,,

/RWWR GL TXLQGLFL PRQHWH *URVVR &1, 3DROXFFL 6ROGLQR &1, 3DROXFFL 7RUQHVHOOR &1, YDU 3DROXFFL )DOVR GÂ¶HSRFD LQ UDPH GHO GXFDWR 'D %% D P 6SO

0LFKHOH 0RURVLQL GRJH /;,

'XFDWR $9 J 0,&K/Â¶ 0$952& Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶ 4Â¶Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR ,PSHUFHWWLELOL VHJQHWWL DO GU DOWULPHQWL T 6SO

'XFDWR $9 J 0,&K(//Â¶ 0$95 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶ 4Â¶Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

*URVVR $5 J 0,&K/Â¶Â&#x2021;0$952& Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR SRUJH LO YHVVLOOR DO GRJH 5Y ,O 5HGHQWRUH LQ WURQR DL ODWL VWHOOD Â± ) )LOLSSR %DUEDULJR PDVVDUR H LQ DOWR ,& Â± ;& &1, 3DROXFFL 5DULVVLPR /LHYL GHEROH]]H GL FRQLR DOWULPHQWL 6SO

6ROGLQR $5 J 0,&K/Â¶0$ Â± 952& '9; ,O GRJH JHQXIOHVVR D V UHJJH LO YHVVLOOR FRQ HQWUDPEH OH PDQL DL ODWL VWHOOD Â± ) )LOLSSR %DUEDULJR PDVVDUR 5Y 6 0$5&96 9(1(7, /HRQH LQ VROGR &1, 3DROXFFL 0ROWR UDUR T 6SO

6ROGLQR $5 J 0,&K/Â¶0$ Â± 952& '9; ,O GRJH JHQXIOHVVR D V UHJJH LO YHVVLOOR FRQ HQWUDPEH OH PDQL DL ODWL VWHOOD Â± 3 PDVVDUR VFRQRVFLXWR 5Y 6 0$5&96 9(1(7, /HRQH LQ VROGR &1, 3DROXFFL 0ROWR UDUR T 6SO

7RUQHVHOOR 0LVW J 0,&K/Â¶0$952& '9; &URFH SDWHQWH 5Y 9(;,/,)(5 9(1(&,$ /HRQH LQ VROGR &1, 3DROXFFL 0ROWR UDUR %%

/RWWR GL TXDWWUR PRQHWH 6ROGLQR &1, YDU YDU 3DROXFFL 7RUQHVHOOR &1, YDU 3DROXFFL 'D %% D P 6SO

$QWRQLR 9HQLHU GRJH /;,,

'XFDWR $9 J $172Â¶Â&#x2021;9(1(5,2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 6SO

'XFDWR $9 J $172Â¶9(1(5,2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ 6SO T 6SO

'XFDWR $9 J $172Â¶Â&#x2021;9(1(5,2Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶79 Â± 5(*,6Â&#x2021;,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ 6SO T 6SO

'XFDWR $9 J $172Â¶Â&#x2021;9(1(5,2Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶79 Â± 5(*,6 ,67( '9&$7Â¶Â&#x2021; ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, Â± 3DROXFFL )ULHGEHUJ T 6SO

*URVVR $5 J $172Â¶Â&#x2021;9(1(5,2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR SRUJH LO YHVVLOOR DO GRJH 5Y ,O 5HGHQWRUH LQ WURQR DL ODWL VWHOOD Â± 3 3LHWUR 9LDULR PDVVDUR H LQ DOWR ,& Â± ;& &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH 6SO

*URVVR $5 J $172Â¶Â&#x2021;9(1(5,2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR SRUJH LO YHVVLOOR DO GRJH 5Y ,O 5HGHQWRUH LQ WURQR DL ODWL VWHOOD Â± ) PDVVDUR VFRQRVFLXWR H LQ DOWR ,& Â± ;& &1, 3DROXFFL 0LJOLRUH GL 6SO

*URVVR WHU]R WLSR $5 J $172Â¶Â&#x2021;9(1(5,2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR SRUJH LO YHVVLOOR DO GRJH DL ODWL GXH VWHOOH 5Y 7,%, /$96 Â± */25,$ ,O 5HGHQWRUH LQ WURQR &1, 3DROXFFL T 6SO

*URVVR GL WHU]R WLSR VFRGHOODWR" $5 J $172Â¶Â&#x2021;9(1(5,2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR SRUJH LO YHVVLOOR DO GRJH DL ODWL GXH VWHOOH 5Y 7,%, /$96 Â± */25,$ ,O 5HGHQWRUH LQ WURQR &1, Â± FIU 3DROXFFL Â± FIU 0ROWR UDUR %%

'HQDUR R SLFFROR VFRGHOODWR 0LVW J $17 9(1 '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL 5DUR %%

7RUQHVHOOR 0LVW J $172Â¶9(1(5,2 '9; &URFH SDWHQWH 5Y 9(;,/,)(5 9(1(7,$ /HRQH LQ VROGR &1, Â± 3DROXFFL Â± 5DULVVLPR %% 9DULDQWH DSSDUHQWHPHQWH LQHGLWD FRQ OD OHJHQGD DO GU GD VLQLVWUD D GHVWUD

/RWWR GL TXLQGLFL PRQHWH 'XFDWR &1, YDU 3DROXFFL *URVVR &1, 3DROXFFL *URVVR WHU]R WLSR &1, 3DROXFFL 6ROGLQR &1, YDU YDU YDU YDU YDU 3DROXFFL 7RUQHVHOOR &1, YDU 3DROXFFL 'D %% D 6SO

0LFKHOH 6WHQR GRJH /;,,,

'XFDWR $9 J 0,&K$(/ 67(1Â¶ Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 6SO

'XFDWR $9 J 0,&K$(/Â&#x2021;67(1Â¶ Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7 ;3( '$7Â¶4Â¶79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ 6SO

'XFDWR $9 J 0,&K$(/Â&#x2021;67(1Â¶ Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7 ;3( '$7Â¶4Â¶79 Â± 5(*,6 ,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, Â± 3DROXFFL )ULHGEHUJ %HQ LPSUHVVD WRQGHOOR RQGXODWR DOWULPHQWL 6SO

'XFDWR $9 J 0,&K$(/67Â&#x2021;(Â&#x2021;1Â&#x2021; Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7 ;3( '$7Â¶4Â¶Â&#x2021;79 Â± 5(*,6 ,67( '9&$7Â¶Â&#x2021; ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, Â± 3DROXFFL )ULHGEHUJ T 6SO

*URVVR $5 J 0,&K$(/Â¶67(1 Â± Â&#x2021;60 9(1(7,Â&#x2021; 6 0DUFR SRUJH LO YHVVLOOR DO GRJH DL ODWL GXH VWHOOH 5Y 7,%, /$96 Â± */25,$ ,O 5HGHQWRUH LQ WURQR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH 6SO

'HQDUR R SLFFROR VFRGHOODWR 0LVW J 0, 67( '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL 0ROWR UDUR T %%

0H]]DQLQR SHU 9HURQD H 9LFHQ]D $5 J 0,& 67(1 Â± 6 0 9(1( 6 0DUFR QLPEDWR D V VWDQWH GL WUH TXDUWL ULFHYH XQ FHUHR GDO GRJH VWDQWH GL SURILOR D G 6RSUD LO FHUHR QHO JLUR '9; H VRWWR á&#x2020;&#x152; PDVVDUR VFRQRVFLXWR 5Y ;36 5(6 Â± 95(6,7 ,O &ULVWR QLPEDWR FRQ YHVVLOOR QHOOD G ULVRUJH GDO VHSROFUR &1, 3DROXFFL 5DUR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

'HQDUR R SLFFROR SHU 9HURQD H 9LFHQ]D 0LVW J 0, Â± 67 Â± (' Â± 9; &URFH SDWHQWH 5Y 6 0 9(1(7, 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL 0ROWR UDUR 0LJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD / +DPEXUJHU JLXJQR *QHFFKL SHU OLUH

/RWWR GL RWWR PRQHWH 'XFDWR &1, 3DROXFFL *URVVR WHU]R WLSR &1, 3DROXFFL 6ROGLQR &1, 3DROXFFL 7RUQHVHOOR &1, 3DROXFFL 0H]]DQLQR SHU 9HURQD H 9LFHQ]D &1, 3DROXFFL 'D %% D T 6SO

7RPDVR 0RFHQLJR GRJH /;,9

'XFDWR $9 J 720 02&(1,*2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 'HEROH]]H GL FRQLR DOWULPHQWL PLJOLRUH GL 6SO

'XFDWR $9 J 720Â¶02&(1,*2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶Â&#x2021; ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 6SO

'XFDWR $9 J 720 02&(1,*2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶Â&#x2021; ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ &ROSHWWR DO UY DOWULPHQWL 6SO T 6SO

*URVVR $5 J 720 02&(1,*2 Â± Â&#x2021;60 9(1(7,Â&#x2021; 6 0DUFR SRUJH LO YHVVLOOR DO GRJH DL ODWL GXH VWHOOH 5Y 7,%, /$96 Â± */25, Â± $ ,O 5HGHQWRUH LQ WURQR &1, YDU 3DROXFFL 5DUR 7RQGHOOR VIUDQJLDWR PDJQLILFD SDWLQD GL PHGDJOLHUH 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR QHO FLUFD SHU OLUH

*URVVR $5 J 720 02&(1,&2 Â± Â&#x2021;60 9(1(7,Â&#x2021; 6 0DUFR SRUJH LO YHVVLOOR DO GRJH DL ODWL 7 Â± 6 7RPDVR 0RFHQLJR PDVVDUR 5Y 7,%, /$96 Â± */25, Â± $ ,O 5HGHQWRUH LQ WURQR &1, YDU 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR QHO FLUFD SHU OLUH

'HQDUR R SLFFROR VFRGHOODWR 0LVW J 72 02&Â¶ '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL 5DUR T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

7RUQHVHOOR 0LVW J 720 02&(1,*2 '9; &URFH SDWHQWH 5Y 9(;,/,)(5 9(1(7&$ /HRQH LQ VROGR &1, YDU 3DROXFFL 5DUR %%

'HQDUR R SLFFROR SHU 9HURQD H 9LFHQ]D 0LVW J 72 Â± 02 Â± &' Â± 9; &URFH SDWHQWH 5Y 6 0 9(1(7, 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL 5DULVVLPR %%

/RWWR GL VHWWH PRQHWH 6ROGLQR &1, 3DROXFFL 'HQDUR R SLFFROR VFRGHOODWR &1, YDU 3DROXFFL 7RUQHVHOOR &1, 3DROXFFL 'D %% D T 6SO

)UDQFHVFR )RVFDUL GRJH /;9

'XFDWR $9 J )5$&Â&#x2021;)26&$5, Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ T 6SO

'XFDWR $9 J )5$& )26&$5, Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7 7 ;3( '$7Â¶4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ T 6SO

'XFDWR $9 J )5$& )26&$5, Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 6SO

*URVVRQH GD VROGL $5 J )5$1&,6&96 )26&$5, '9; ,O GRJH VWDQWH D V UHJJH OÂ¶DVWD GHOOÂ¶RULILDPPD 5Y 6$1&796 0$5&96 9(1(7, %XVWR QLPEDWR GL 6 0DUFR GL IURQWH EHQHGLFHQWH &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH H FRQVHUYD]LRQH LQVROLWD 6SO

*URVVRQH GD VROGL $5 J )5$1&,6&96 )26&$5, '9; ,O GRJH VWDQWH D V UHJJH OÂ¶DVWD GHOOÂ¶RULILDPPD 5Y 6$1&796 0$5&96 9(1(7, %XVWR QLPEDWR GL 6 0DUFR GL IURQWH EHQHGLFHQWH &1, 3DROXFFL 0LJOLRUH GL %%

*URVVHWWR $5 J )5$ )26&$5 Â± , Â± 6 0 9(1(7, 6 0DUFR SRUJH LO YHVVLOOR DO GRJH DL ODWL 0 Â± 3 0DUFR 3DUXWD PDVVDUR 5Y 7,%, /$96 Â± */25, Â± $ ,O 5HGHQWRUH LQ WURQR &1, 3DROXFFL 6WXSHQGD SDWLQD LULGHVFHQWH 6SO ([ DVWD )LQDUWH HUHGL * 0DMHU ORWWR LQ ORWWR

*URVVHWWR $5 J )5$ )26&$5 , Â± 6 0 9(1(7, 6 0DUFR SRUJH LO YHVVLOOR DO GRJH DL ODWL % Â± 6 %HQHGHWWR 6RUDQ]R PDVVDUR 5Y 7,%, /$96 Â± */25, Â± $ ,O 5HGHQWRUH LQ WURQR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH 6SO

([ FROOH]LRQH 'H /D]DUD

0H]]R JURVVR GD VROGL $5 J )5$ )26& Â± $5, '9; ,O GRJH VWDQWH D V UHJJH LO YHVVLOOR 5Y 6 0$5& Â± 9(1(7, %XVWR QLPEDWR GL 6 0DUFR GL IURQWH EHQHGLFHQWH &1, 3DROXFFL 0ROWR UDUR 'HEROH]]D GL FRQLR DO UY DOWULPHQWL T 6SO

0H]]R JURVVR GD VROGL $5 J )5$ )26& Â± $5, '9; ,O GRJH VWDQWH D V UHJJH LO YHVVLOOR 5Y 6 0$5& Â± 9(1(7, %XVWR QLPEDWR GL 6 0DUFR GL IURQWH EHQHGLFHQWH &1, 3DROXFFL 5DUR %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR SHU OLUH

'HQDUR R SLFFROR VFRGHOODWR 0LVW J )5$ ) '9; &URFH SDWHQWH 5Y 6 0$5&96 &URFH SDWHQWH &1, 3DROXFFL 5DULVVLPR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH 4XHVWR GHQDUR SUHVHQWD FDUDWWHULVWLFKH HG HSLJUDILD ULFRQGXFLELOL D TXHOOL SL DQWLFKL

7RUQHVHOOR 0LVW J )5$& )26&$5, '9; &URFH SDWHQWH 5Y 9(;,/,)(5 9(1(7&$ /HRQH LQ VROGR &1, 3DROXFFL 5DUR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

4XDWWULQR SHU 5DYHQQD 0LVW J )5$ )26&$5, '9; &URFH RUQDWD 5Y 6 0$5&96 9(1(7, /HRQH YHVVLOOLIHUR UDPSDQWH D V &1, 3DROXFFL (VWUHPDPHQWH UDUR %XRQ %%

%DJDWWLQR SHU 9HURQD H 9LFHQ]D 0LVW J )5 Â± $) Â± 2' Â± 9; &URFH SDWHQWH 5Y 6 0 9(1(7, 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL 0ROWR UDUR 0LJOLRUH GL %%

/RWWR GL TXDWWRUGLFL PRQHWH *URVVHWWR &1, PDQFD 3DROXFFL 0H]]R JURVVR &1, 3DROXFFL 6ROGLQR &1, 3DROXFFL 'HQDUR R SLFFROR VFRGHOODWR &1, 3DROXFFL 3LFFROR R GHQDUR QXRYR &1, 3DROXFFL 4XDWWULQR SHU OD WHUUDIHUPD &1, 3DROXFFL %DJDWWLQR SHU %UHVFLD &1, 3DROXFFL 'D %% D T 6SO

3DVTXDOH 0DOLSLHUR GRJH /;9,

'XFDWR $9 J 3$ 0$5,3(7 Â± Â&#x2021;60 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7Â&#x2021;7Â&#x2021;;3( '$7Â¶4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 5DUR 0LJOLRUH GL 6SO

*URVVHWWR $5 J 3$ 0$5,3(752 Â± 6 0 9(1(7, 6 0DUFR SRUJH LO YHVVLOOR DO GRJH DL ODWL VLJOH GL PDVVDUR VFRQRVFLXWR 5Y 7,%, /$96 Â± */25, Â± $ ,O 5HGHQWRUH LQ WURQR &1, 3DROXFFL 0ROWR UDUR T %%

*URVVHWWR $5 J 3$ 0$5,3(752 Â± 6 0 9(1(7, 6 0DUFR SRUJH LO YHVVLOOR DO GRJH DL ODWL VLJOH GL PDVVDUR VFRQRVFLXWR 5Y 7,%, /$96 Â± */25, Â± $ ,O 5HGHQWRUH LQ WURQR &1, 3DROXFFL 0ROWR UDUR %%

4XDWWULQR 0LVW J 3$ 0$5,3(752 '9; &URFH SDWHQWH 5Y 6 0$5&96 9(1(7, /HRQH UDPSDQWH D V FRQ VSDGD QHOOD G &1, 3DROXFFL 5DUR %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR QHO SHU OLUH

4XDWWULQR 0LVW J 3$ 0$5,3(752 '9; &URFH SDWHQWH 5Y 6 0$5&96 9(1(7, /HRQH UDPSDQWH D V FRQ VSDGD QHOOD G &1, QRWD 3DROXFFL YDU 5DUR %XRQ %%

9DULDQWH VHQ]D FHUFKLR OLQHDUH LQWHUQR DO GU H DO UY

&ULVWRIRUR 0RUR GRJH /;9,,

'XFDWR $9 J &5,672) 0$952 Â± 60Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7Â&#x2021;7Â&#x2021;;3( '$7Â¶4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 5DUR T 6SO

'XFDWR $9 J &5,672) 0$952 Â± 6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 5DUR ,QVLJQLILFDQWH GLIHWWR GHO WRQGHOOR DOWULPHQWL PLJOLRUH GL 6SO

'XFDWR $9 J &5,672) 0$952 Â± 6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7Â&#x2021;7 ;3( '$7Â¶4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶Â&#x2021; ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ 5DUR 6SO

*URVVHWWR $5 J &5,672) 0$952 Â± >6 0 9(1(7,@ 6 0DUFR SRUJH LO YHVVLOOR DO GRJH DL ODWL G Â± G 'DQLHOH GD /H]]H PDVVDUR 5Y 7,%, /$96 Â± > */25, Â± $@ ,O 5HGHQWRUH LQ WURQR &1, 3DROXFFL 5DULVVLPR *UDIILHWWL H OHJJHUPHQWH WRVDWR DOWULPHQWL %%

*URVVHWWR $5 J &5,672) 0$952 Â± 6 0 9(1(7, 6 0DUFR SRUJH LO YHVVLOOR DO GRJH DL ODWL G Â± G 'DQLHOH GD /H]]H PDVVDUR 5Y 7,%, /$96 Â± */25, Â± $ ,O 5HGHQWRUH LQ WURQR &1, 3DROXFFL 5DULVVLPR 3DWLQD GL PHGDJOLHUH %%

([ FROOH]LRQH 'H /D]DUD

%DJDWWLQR &X J &5,672)2596 0$952 '9; %XVWR FRQ FRUQR GXFDOH D V 5Y 6 0$5&96 9(1(7, /HRQH LQ VROGR &1, 3DROXFFL (VWUHPDPHQWH UDUR 0LJOLRUH GL %% 9HURVLPLOPHQWH q OD SULPD PRQHWD D UHFDUH LO ULWUDWWR GL XQ GRJH ,O 3DROXFFL FLWD XQD QRWL]LD GHO OXJOLR ULFDYDWD GDO Â´&DSLWRODU GHOOH %URFKHÂ´ QHOOD TXDOH VL Gj PHQ]LRQH GL TXHVWD UDULVVLPD PRQHWD

3LFFROR FRSROXWR 0LVW J & 0 ' 9 &URFH SDWHQWH FRQ JOREHWWL DOOH HVWUHPLWj 5Y 6 0 9(1(7, /HRQH LQ VROGR &1, 3DROXFFL 5DUR T 6SO

7RUQHVHOOR 0LVW J &5,672)Â¶0$952 '9; &URFH SDWHQWH 5Y 6 0$5&96 9(1(7, /HRQH LQ VROGR &1, 3DROXFFL 5DULVVLPR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

1LFROz 7URQ GRJH /;9,,,

'XFDWR $9 J 1,&2/Â¶ 75219 Â± 6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7Â&#x2021;7Â&#x2021;;3( '$7Â¶Â&#x2021;4Â¶ 79 Â± 5(*,6Â&#x2021;,67( '9&$7Â¶Â&#x2021; ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ 0ROWR UDUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU SHU OLUH

7URQR R OLUD GD VROGL $5 J )RJOLD GÂ¶HGHUD 1,&2/$96 Â± 752196 '9; %XVWR FRQ FRUQR GXFDOH D V 5Y /HRQH LQ VROGR HQWUR JKLUODQGD &1, YDU 3DROXFFL YDU 5DUD 3DWLQD GL PHGDJOLHUH EXRQ %%

5DUD YDULDQWH GL JUDQGH UDULWj VHQ]D OH IRJOLH GÂ¶HGHUD DO GU

7URQR R OLUD GD VROGL $5 J )RJOLD GÂ¶HGHUD 1,&2/$96 Â± UDPR FRQ IRJOLH GÂ¶HGHUD Â± 752196 '9; %XVWR FRQ FRUQR GXFDOH D V 5Y /HRQH LQ VROGR HQWUR JKLUODQGD &1, 3DROXFFL 5DUD 0LJOLRUH GL %%

7URQR R OLUD GD VROGL $5 J )RJOLD GÂ¶HGHUD 1,&2/$96 Â± UDPR FRQ IRJOLH GÂ¶HGHUD Â± 752196 '9; %XVWR FRQ FRUQR GXFDOH D V 5Y /HRQH LQ VROGR HQWUR JKLUODQGD &1, YDU 3DROXFFL 5DUD T 6SO EXRQ %%

([ FROOH]LRQH *DYD]]L HG H[ DVWD 1$&

7URQR R OLUD GD VROGL $5 J )RJOLD GÂ¶HGHUD 1,&2/$96 Â± UDPR FRQ IRJOLH GÂ¶HGHUD Â± 752196 '9; %XVWR FRQ FRUQR GXFDOH D V 5Y /HRQH LQ VROGR HQWUR JKLUODQGD &1, YDU 3DROXFFL 5DUD %XRQ %%

7URQR R OLUD GD VROGL $5 J )RJOLD GÂ¶HGHUD 1,&2/$96 Â± UDPR FRQ IRJOLH GÂ¶HGHUD Â± 752196 '9; %XVWR FRQ FRUQR GXFDOH D V 5Y /HRQH LQ VROGR HQWUR JKLUODQGD &1, YDU 3DROXFFL 5DUD 'HEROH]]D GL FRQLR DO UY DOWULPHQWL P 6SO

9DULDQWH VHQ]D LQWHUSXQ]LRQH DO GU

7URQR R OLUD GD VROGL FRQ FRQWURPDUFKH GHOOÂ¶LVROD GL &LSUR $5 J )RJOLD GÂ¶HGHUD 1,&2/$96 Â± UDPR FRQ IRJOLH GÂ¶HGHUD Â± 752196 '9; %XVWR FRQ FRUQR GXFDOH D V VXO PDQWR ; Â± ; 3XQ]RQDWXUH QHO JLUR GHOOD

OHJHQGD 5Y /HRQH LQ VROGR HQWUR JKLUODQGD &1, 3DROXFFL ,, YDU

5DULVVLPD %%

%DJDWWLQR SHVDQWH &X J 1,&2/$96 7521 Â± 96 '9; %XVWR FRQ FRUQR GXFDOH D V 5Y 6$1&796 0$ Â± 5&96 Â± 9 /HRQH YHVVLOOLIHUR UDPSDQWH &1, 3DROXFFL %XRQ %%

%DJDWWLQR &X J 1,&2/$96 7521 Â± 96 '9; %XVWR FRQ FRUQR GXFDOH D V 5Y 6$1&796 0$ Â± 5&96 Â± 9 /HRQH YHVVLOOLIHUR UDPSDQWH &1, 3DROXFFL 0LJOLRUH GL %%

%DJDWWLQR SHU 9HURQD H 9LFHQ]D &X J 1,&2/$96 >752196@ %XVWR FRQ FRUQR GXFDOH D V 5Y /HRQH LQ VROGR &1, 3DROXFFL (VWUHPDPHQWH UDUR T 6SO

%DJDWWLQR SHU 9HURQD H 9LFHQ]D &X J 1,&2/$96 >752196@ %XVWR FRQ FRUQR GXFDOH D V 5Y /HRQH LQ VROGR &1, 3DROXFFL (VWUHPDPHQWH UDUR 0% ([ FROOH]LRQH *DYD]]L

/RWWR GL FLQTXH PRQHWH 6ROGLQR &1, 3DROXFFL %DJDWWLQR &1, 3DROXFFL 'D %% D PLJOLRUH GL %% 1LFROz 0DUFHOOR GRJH /;,;

'XFDWR $9 J 1,&2/Â¶0$5&(//Â¶ Â± 6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7Â&#x2021;7Â&#x2021;;3( '$7Â¶Â&#x2021;4Â¶ 79 Â± 5(*,6Â&#x2021;,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ 5DULVVLPR &RQVHUYD]LRQH HFFH]LRQDOH PLJOLRUH GL 6SO

0DUFHOOR R PH]]D OLUD $5 J 1,Â¶0$5&(//Â¶ Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL á&#x2020;&#x152; Â± 7 =XDQH 7DMDSLHUD PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, /$96 Â± */25,$ ,O 5HGHQWRUH LQ WURQR &1, 3DROXFFL 5DUR T 6SO ([ DVWD 0RQWHQDSROHRQH

0DUFHOOR R PH]]D OLUD $5 J 1,Â¶0$5&(//Â¶ Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL ) Â± % )UDQFHVFR %DIIR PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, /$96 Â± */25,$ ,O 5HGHQWRUH LQ WURQR &1, 3DROXFFL 5DUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR QHO SHU OLUH

6ROGLQR $5 J 1,Â¶0$5&(/ Â± /96 '9; ,O 'RJH VWDQWH FRQ YHVVLOOR GLHWUR = Â± 7 =XDQH 7DMDSLHUD PDVVDUR 5Y /HRQH LQ VROGR HQWUR FRUQLFH TXDGULOREDWD &1, 3DROXFFL 0ROWR UDUR %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL SHU OLUH

/RWWR GL GXH PRQHWH 0DUFHOOR &1, 3DROXFFL 6ROGLQR &1, 3DROXFFL 'D 0% D %%

3LHWUR 0RFHQLJR GRJH /;;

'XFDWR $9 J 3(Â¶02&(1,&2 Â± 6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7Â&#x2021;7Â&#x2021;;3( '$7Â¶Â&#x2021;4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ 5DULVVLPR &RQVHUYD]LRQH HFFH]LRQDOH PLJOLRUH GL 6SO

0RFHQLJR R OLUD $5 J 3( 02&(1 Â± ,*2 Â± 6 Â± 0$5&96 Â± 9 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR ) Â± % )UDQFHVFR %DIIR PDVVDUR &1, 3DROXFFL 5DUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 3DVFXWWLQL QHO SHU OLUH

0RFHQLJR R OLUD $5 J 3( 02&(1 Â± ,*2 Â± 6 Â± 0$5&96 Â± 9 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 3 Â± 0 3ROR 0DOLSLHUR PDVVDUR &1, 3DROXFFL 5DUR /HJJHUPHQWH PRVVR GL FRQLR DO GU DOWULPHQWL T 6SO

0RFHQLJR R OLUD $5 J 3( 02&(1,*2 Â± 6 Â± 0$5&96 Â± 9 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 3 Â± 0 3ROR 0DOLSLHUR PDVVDUR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR SHU OLUH

0DUFHOOR R PH]]D OLUD $5 J 3( 02&(1,*2 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL ) Â± % )UDQFHVFR %DIIR PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, /$96 Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, Â± 3DROXFFL %HOOD SDWLQD GL PHGDJOLHUH T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 3DVFXWWLQL SHU OLUH

'RSSLR EDJDWWLQR 0LVW J 3(7596 02&(1,*2 &URFH SDWHQWH 5Y 6 0$5&96 9(1(796 7HVWD QLPEDWD GL 6 0DUFR &1, YDU 3DROXFFL (VWUHPDPHQWH UDUR %% ([ FROOH]LRQH FRQWH 'LQR /XFKHVFKL

/RWWR GL TXDWWUR PRQHWH 0RFHQLJR R OLUD &1, 3DROXFFL 0DUFHOOR R PH]]D OLUD &1, YDU 3DROXFFL 'D 0% D T 6SO

$QGUHD 9HQGUDPLQ GRJH /;;,

'XFDWR $9 J $1'5($6 9(1'5$0,196 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7Â&#x2021;7Â&#x2021;;3( '$7Â¶Â&#x2021;4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR /LHYL GHEROH]]H GL FRQLR DOWULPHQWL 6SO

'XFDWR $9 J $1'5($6 9(1'5$0,196 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7Â&#x2021;7Â&#x2021;;3( '$7Â¶4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR 6SO T 6SO

0RFHQLJR R OLUD $5 J $1' 9(1'5$0, Â± 196 Â± 6$1&796 0$5&96 Â± 9 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 0 Â± 3 0DUFR 3L]]DPDQR PDVVDUR &1, Â± 3DROXFFL Â± FIU PD LOO WLSR FRQ ,& Â± ;& DL ODWL GHO 5HGHQWRUH (VWUHPDPHQWH UDUR 6WXSHQGD SDWLQD GL PHGDJOLHUH T 6SO

([ DVWD 1$&

1HO &1, QRQ VRQR FHQVLWH OLUH SHU TXHVWR PDVVDUR ,Q TXHVWR HVHPSODUH q DOWUHVu DVVHQWH DL ODWL GHO 5HGHQWRUH OD OHJHQGD ,& Â± ;& H QH YLHQH VHJQDODWD OÂ¶HVLVWHQ]D GDO 3DROXFFL QHOOÂ¶LQWURGX]LRQH DO GRJH D SDJ

/RWWR GL WUH PRQHWH 0DUFHOOR R PH]]D OLUD &1, PDQFD 3DROXFFL 0HGLDPHQWH EXRQ %%

*LRYDQQL 0RFHQLJR GRJH /;;,,

'XFDWR $9 J ,2Â¶02&(1,*2Â&#x2021; Â± 6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7Â&#x2021;7Â&#x2021;;3( '$7Â¶4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR T 6SO ([ FROOH]LRQH 'H /D]DUD

0RFHQLJR R OLUD $5 J ,2 02&(1, Â± *2 Â± 6 0$5&96 Â± 9 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR $ Â± % $OYLVH %DUEDULJR PDVVDUR &1, 3DROXFFL 5DULVVLPR 3DWLQD GL PHGDJOLHUH PLJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

0RFHQLJR R OLUD $5 J ,2 02&(1,*2 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V &1, 3DROXFFL 5DULVVLPR T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR SHU OLUH

0DUFHOOR R PH]]D OLUD $5 J ,2 02&(1,*2 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL 0 Â± % 0DULQ %ROG PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, YDU 3DROXFFL 3DWLQD GL PHGDJOLHUH T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL SHU OLUH

0DUFHOOR R PH]]D OLUD $5 J ,2 02&(1,*2 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL $ Â± = $XJXVWLQ =RU]L PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL T 6SO

6ROGLQR $5 J ,2 02&(1 Â± ,*2 '9; ,O GRJH VWDQWH FRQ YHVVLOOR GLHWUR ) ) )HULJR )HUUR PDVVDUR 5Y 6 0$5&96 9(1(7, /HRQH LQ VROGR &1, 3DROXFFL 5DULVVLPR %% ([ FROOH]LRQH 'H /D]DUD

6ROGLQR $5 J ,2 02&( Â± 1,*2 '9; ,O GRJH VWDQWH FRQ YHVVLOOR GLHWUR $ % $OYLVH %DUEDULJR PDVVDUR 5Y 6 0$5&96 9(1(7, /HRQH LQ VROGR &1, Â± 3DROXFFL 5DULVVLPR %XRQ %%

6ROGLQR $5 J ,2 02&( Â± 1,*2 '9; ,O GRJH VWDQWH FRQ YHVVLOOR GLHWUR , * PDVVDUR VFRQRVFLXWR 5Y 6 0$5&96 9(1(7, /HRQH LQ VROGR &1, Â± 3DROXFFL (VWUHPDPHQWH UDUR &RQVHUYD]LRQH HFFH]LRQDOH SHU TXHVWR QRPLQDOH 6SO 6LJOD GL PDVVDUR VFRQRVFLXWD DO &1,

'RSSLR EDJDWWLQR 0LVW J ,2 02&(1,&2 '9; &URFH SDWHQWH 5Y 6 0 9(1(7, 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL (VWUHPDPHQWH UDUR %% ([ FROOH]LRQH 'H /D]DUD

/RWWR GL XQGLFL PRQHWH 0DUFHOOR R PH]]D OLUD &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D 0% D T 6SO

0DUFR %DUEDULJR GRJH /;;,,,

'XFDWR $9 J 0$5&Â¶%$5%$',&2 Â± Â&#x2021;6Â&#x2021;0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7Â&#x2021;7 ;3(Â&#x2021;'$7Â¶4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR %XRQ %%

0DUFHOOR R PH]]D OLUD $5 J 0 %$5%$',&2 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL $ Â± / $OYLVH /RUHGDQ PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH PLJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

0DUFHOOR R PH]]D OLUD $5 J 0$5&Â¶%$5%$',&2 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL = Â± 0 =XDQH 0LFKLHO PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL 5DUR %% ([ FROOH]LRQH =RSSROD DFTXLDWDWR DOOÂ¶DVWD / +DPEXUJHU JLXJQR *QHFFKL

/RWWR GL GXH PRQHWH 0DUFHOOR R PH]]D OLUD &1, 3DROXFFL 0HGLDPHQWH %%

$JRVWLQR %DUEDULJR GRJH /;;,9

'XFDWR $9 J $9*967,1Â¶%$5%$',&2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶Â&#x2021;79 Â± Â&#x2021;5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶Â&#x2021; ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 5DUR 6SO

'XFDWR $9 J $9*967,1Â¶%$5%$',&2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 5DUR &RQLR GL EHOOR VWLOH PLJOLRUH GL 6SO

'XFDWR $9 J $9* %$5%$',&2 Â± Â&#x2021;6Â&#x2021;0Â&#x2021;9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y Â&#x2021;6,7Â&#x2021;7Â&#x2021;;3(Â&#x2021;'$7Â¶4Â¶Â&#x2021;79 Â± 5(*,6Â&#x2021;,67(Â&#x2021;'9&$7, ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, YDU 3DROXFFL )ULHGEHUJ 5DUR 7UDFFH GL ULEDWWLWXUD VX DOWUR GXFDWR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR QHO FLUFD OLUH

0RFHQLJR R OLUD $5 J $9* %$5%$',&2 6 0$5&96 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR & Â± . &ULVWRIRUR &DQDO PDVVDUR &1, 3DROXFFL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD / +DPEXUJHU JLXJQR *QHFFKL SHU OLUH

0RFHQLJR R OLUD $5 J $9* %$5%$',&2 6 0$5&96 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 0 Â± $ Â± % 0DUFDQWRQLR %ROODQL PDVVDUR &1, 3DROXFFL 6LJOD GL PDVVDUR PROWR UDUD T 6SO

0RFHQLJR R OLUD $5 J $9* %$5%$',&2 6 0$5&96 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 0 Â± ' 0DUFR 'RQj PDVVDUR &1, YDU 3DROXFFL T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HUVXUXP QHO SHU OLUH

0DUFHOOR R PH]]D OLUD $5 J $9*967,1Â¶%$5 Â± %$',&2 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL =) Â± 7 =DQ )UDQFHVFR 7UHYLVDQ PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL %HOOLVVLPD SDWLQD LULGHVFHQWH GL PHGDJOLHUH 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR SHU OLUH

0DUFHOOR R PH]]D OLUD $5 J $9*%$5%$',&2 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL , Â± % *LDFRPR %UDJDGLQ PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 2 9LWDOLQL SHU OLUH

*URVVHWWR SHU QDYLJDU $5 J $9*%$5%$ Â± ',&2 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR VRWWR , 3 -DFRSR 3L]]DPDQR PDVVDUR &1, 3DROXFFL 5DULVVLPR %XRQ %%

*URVVHWWR SHU QDYLJDU $5 J $9*%$5%$ Â± ',&2 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR VRWWR , 3 -DFRSR 3L]]DPDQR PDVVDUR &1, 3DROXFFL 5DULVVLPR 0LJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 2 9LWDOLQL SHU OLUH

6ROGLQR $5 J $9* %$5%$ Â± ',&2 '9; ,O GRJH VWDQWH FRQ YHVVLOOR GLHWUR , 3 -DFRSR 3L]]DPDQR PDVVDUR 5Y 6 0$5&96 9(1(7, /HRQH LQ VROGR &1, 3DROXFFL (VWUHPDPHQWH UDUR )UDWWXUD GHO WRQGHOOR GD SLHJD DOWULPHQWL T %%

'RSSLR EDJDWWLQR 0LVW J $9* %$5%$',&2 '9; &URFH SDWHQWH 5Y 6 0$5&96 9(1(7, 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL 0ROWR UDUR T 6SO

%DJDWWLQR 0LVW J &URFH SDWHQWH DFFDQWRQDWD GD $ Â± % Â± ' Â± 9 5Y 6 0 9(1(7, /HRQH LQ VROGR &1, 3DROXFFL 5DULVVLPR &RQVHUYD]LRQH LQVROLWD T 6SO

%DJDWWLQR 0LVW J &URFH SDWHQWH DFFDQWRQDWD GD $ Â± 9 Â± % Â± ' 5Y 6 0 9(1(7, /HRQH LQ VROGR &1, 3DROXFFL 5DULVVLPR T %%

4XDWWULQR SHU 9HURQD H 9LFHQ]D 0LVW J $9* %$5%$',&2 '9; &URFH SLVDQD LQ FRUQLFH TXDGULOREDWD 5Y 6$1&796 0$5&96 9 /HRQH LQ VROGR &1, 3DROXFFL 5DULVVLPR %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

'HQDUR SHU %UHVFLD 0LVW J $9* %$5%$',&2 ' &URFH SLVDQD 5Y 6 0$5&96 9(1(7, /HRQH LQ VROGR &1, 3DROXFFL 5DULVVLPR T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

'HQDUR SHU 9HURQD H 9LFHQ]D 0LVW J $9* %$5%$ Â± ',&2 '9; ,O GRJH JHQXIOHVVR D V FRQ YHVVLOOR GLHWUR 3 % 3ROR %HQHGHWWR PDVVDUR 5Y 6 0 9( Â± 1(7, %XVWR GL 6 0DUFR GL IURQWH EHQHGLFHQWH &1, 3DROXFFL 0ROWR UDUR T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

'HQDUR SHU 9HURQD H 9LFHQ]D 0LVW J $9* %$5%$ Â± ',&2 '9; ,O GRJH JHQXIOHVVR D V FRQ YHVVLOOR DL ODWL 9 Â± 2 9LQFHQ]R 2ULR PDVVDUR 5Y 6 0 9( Â± 1(7, %XVWR GL 6 0DUFR GL IURQWH EHQHGLFHQWH &1, 3DROXFFL 5DULVVLPR T %%

/RWWR GL TXLQGLFL PRQHWH 0RFHQLJR R OLUD &1, 3DROXFFL 0DUFHOOR R PH]]D OLUD &1, 3DROXFFL 6ROGLQR &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL %DJDWWLQR SHU 3DGRYD &1, 3DROXFFL 7RUQHVHOOR &1, 3DROXFFL 'D 0% D T 6SO

/HRQDUGR /RUHGDQ GRJH /;;9

'XFDWR $9 J /(21$5 /$95(' Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7 7 ;3( '$7Â¶4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL TXDWWUR VWHOOH D G H FLQTXH D V &1, 3DROXFFL )ULHGEHUJ 5DUR T 6SO

'XFDWR $9 J /(21$5 /$95(' Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7 7 ;3( '$7Â¶4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H FLQTXH D V &1, 3DROXFFL )ULHGEHUJ 5DUR T 6SO 9DULDQWH FRQ GLHFL VWHOOH DL ODWL GHO 5HGHQWRUH

0H]]R GXFDWR $9 J /( /$95(' Â± '9; Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR 6HJQHWWL DOWULPHQWL EXRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 1 %XVL QHO SHU OLUH

0RFHQLJR R OLUD $5 J /(21$5 /$95('$1Â¶ 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 3 Â± & 3LHUR &RFFR PDVVDUR &1, 3DROXFFL 6SO T 6SO

0RFHQLJR R OLUD $5 J /(21$5 /$95('$1Â¶ 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR ) Â± & )LOLSSR &DOER PDVVDUR &1, 3DROXFFL 0LJOLRUH GL 6SO

0RFHQLJR R OLUD $5 J /(21$5 /$95('$1Â¶ 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR ) Â± )HULJR &RQWDULQL PDVVDUR &1, YDU 3DROXFFL *UDIILHWWR QHO FDPSR DO UY DOWULPHQWL 6SO

0RFHQLJR R OLUD $5 J /(21$5 /$95('$1Â¶ 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR Â± 0 &RVWDQWLQ GD 0ROLQ PDVVDUR &1, 3DROXFFL 0LJOLRUH GL 6SO ([ DVWD 0RQWHQDSROHRQH

0RFHQLJR R OLUD $5 J /(21$5 /$95('$1Â¶ 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR =) Â± '/ =XDQ )UDQFHVFR GD /H]]H PDVVDUR &1, 3DROXFFL 6LJOD GL PDVVDUR PROWR UDUD 6SO

0DUFHOOR R PH]]D OLUD $5 J /(21$5 /$95('$1Â¶ Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL ) Â± & )LOLSSR &DOER PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL 3DWLQD LULGHVFHQWH P 6SO

([ FROOH]LRQH FRQWH 'LQR /XFKHVFKL

0DUFHOOR R PH]]D OLUD $5 J /(21$5 /$95('$1Â¶ Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL ) Â± )HULJR &RQWDULQL PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

'D VROGL $5 J /(21$5 /$ Â± 95(' Â± '9; 6 0 9(1(7, 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y */25,$ Â± 7,%, 62/, ,O 5HGHQWRUH LQ WURQR VRWWR , Â± $ Â± 3 =DQ $JRVWLQR 3L]]DPDQR PDVVDUR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR QHO SHU OLUH

'D VROGL $5 J /(21$5 / Â± $95(' Â± '9; 6 0 9(1(7 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y */25,$ Â± 7,%, 62/, ,O 5HGHQWRUH LQ WURQR VRWWR $ Â± & $OYLVH &RQWDULQL PDVVDUR &1, Â± FIU H VHJJ 3DROXFFL 5DUD %XRQ %%

'D VROGL $5 J /(2 /$95( Â± '$196 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y */25,$ Â± 7,%, 62/, ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR , $ 3 =DQ $JRVWLQR 3L]]DPDQR PDVVDUR &1, 3DROXFFL 5DUD %HOOD SDWLQD GL PHGDJOLHUH 6SO

'D VROGL $5 J / /$95(' Â± 6 0 9(1(7 6 0DUFR QLPEDWR VHGXWR LQ WURQR D G SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; H DOOÂ¶HVHUJR ' * 'RPHQLFR *ULWWL PDVVDUR 5Y */25,$ Â± 7,%, 62/, 0H]]D ILJXUD GHO 5HGHQWRUH FKH VRUJH GDOOH QXEL DL ODWL ,& Â± ;& &1, Â± FIU H VHJJ 3DROXFFL T 6SO

'D VROGL $5 J /(2 /$95(' Â± 6 0$5&Â¶ 9(1(7 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; H DOOÂ¶HVHUJR % ' %HUQDUGR 'RQj PDVVDUR 5Y */25,$ Â± 7,%, 62/, 0H]]D ILJXUD GHO 5HGHQWRUH FKH VRUJH GDOOH QXEL &1, 3DROXFFL YDU 5DUD 0LJOLRUH GL %%

'D VROGL $5 J /(2 /$95(' Â± 6 0$5&Â¶ 9(1(7 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; H DOOÂ¶HVHUJR ' % %HUQDUGR 'RQj PDVVDUR 5Y */25,$ Â± 7,%, 62/, 0H]]D ILJXUD GHO 5HGHQWRUH FKH VRUJH GDOOH QXEL &1, Â± 3DROXFFL Â± 5DULVVLPD T 6SO 9DULDQWH DSSDUHQWHPHQWH LQHGLWD FRQ OH LQL]LDOL GHO PDVVDUR LQYHUWLWH

0H]]DQLQR TXDGUDWR 0LVW J /( /$9 '9; /D %HDWD 9HUJLQH FRQ LO %DPELQR VXOOH JLQRFFKLD FKH EHQHGLFH LO GRJH JHQXIOHVVR 5Y /HRQH LQ VROGR VRWWR 0 . 0LFKLHO &DSHOOR &1, 3DROXFFL 5DULVVLPR (VHPSODUH GL FRQVHUYD]LRQH QRWHYROLVVLPD T 6SO ([ DVWD 1$& LQ ORWWR

0H]]DQLQR TXDGUDWR 0LVW J /( /$9 '9; /D %HDWD 9HUJLQH FRQ LO %DPELQR VXOOH JLQRFFKLD FKH EHQHGLFH LO GRJH JHQXIOHVVR 5Y /HRQH LQ VROGR VRWWR 0 . 0LFKLHO &DSHOOR &1, 3DROXFFL 5DULVVLPR T %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

4XDWWULQR 0LVW J /(21$5 Â± /$95('$1 ,O GRJH JHQXIOHVVR D V FRQ YHVVLOOR GLHWUR % 0 %DUWRORPHR 0RURVLQL PDVVDUR /XQJR OÂ¶DVWD '9; 5Y 6 0$5&96 9(1(7, /HRQH LQ VROGR HQWUR FRUQLFH TXDGULOREDWD &1, 3DROXFFL 0ROWR UDUR 0%

4XDWWULQR 0LVW J /(21$5 Â± /$95('$1 ,O GRJH JHQXIOHVVR D V FRQ YHVVLOOR GLHWUR $ % $OYLVH %DUEDUR PDVVDUR /XQJR OÂ¶DVWD '9; 5Y 6 0$5&96 9(1(7, /HRQH LQ VROGR HQWUR FRUQLFH TXDGULOREDWD &1, 3DROXFFL 0ROWR UDUR T %%

'RSSLR EDJDWWLQR 0LVW J /(2 /$95('$196 '9; &URFH SDWHQWH DFFDQWRQDWD GD JOREHWWL 5Y 6 0$5&96 9(1(7, 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL 5DULVVLPR T 6SO

'RSSLR EDJDWWLQR 0LVW J /(2 /$95('$196 '9; &URFH SDWHQWH DFFDQWRQDWD GD JOREHWWL 5Y 6 0$5&96 9(1(7, 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL 5DULVVLPR T %%

4XDWWULQR SHU 9HURQD H 9LFHQ]D 0LVW J /(2 /$95('$196 '9; &URFH SLVDQD LQ FRUQLFH TXDGULOREDWD 5Y 6$1796 0$5&96 9 /HRQH LQ VROGR &1, 3DROXFFL 5DULVVLPR %%

([ FROOH]LRQH =RSSROD

/RWWR GL GRGLFL PRQHWH 0RFHQLJR R OLUD &1, 3DROXFFL 0DUFHOOR R PH]]D OLUD &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 6ROGLQR &1, PDQFD 3DROXFFL %DJDWWLQR SHU 3DGRYD &1, 3DROXFFL 7RUQHVHOOR &1, 3DROXFFL 'D 0% D T 6SO

/RWWR GL GRGLFL PRQHWH 0RFHQLJR R OLUD &1, 3DROXFFL 0DUFHOOR R PH]]D OLUD &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 6ROGLQR &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D 0% D T 6SO

$QWRQLR *ULPDQL GRJH /;;9,

'D VROGL $5 J $17 *5,0$ Â± 196 Â± '9; 6 0 9(1(7 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y */25,$ Â± 7,%, 62/, ,O 5HGHQWRUH LQ WURQR VRWWR 9 Â± 2 9LQFHQ]R 2ULR PDVVDUR &1, 3DROXFFL 5DUD 0LJOLRUH GL %% ([ FROOH]LRQH 'H /D]DUD

'D VROGL $5 J $17 *5,0$ Â± 196 Â± '9; 6 0 9(1(7 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y */25,$ Â± 7,%, 62/, ,O 5HGHQWRUH LQ WURQR VRWWR = Â± 0 =RU]L 0HPR PDVVDUR &1, 3DROXFFL 5DUD T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

'D VROGL $5 J $17 *5,0 Â± $196 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y */25,$ Â± 7,%, 62/, ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 9 2 9LQFHQ]R 2ULR PDVVDUR &1, 3DROXFFL 0ROWR UDUD %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU SHU OLUH

'D VROGL $5 J $17 *5,0$ Â± 6 0$5& 9(1(7 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; H DOOÂ¶HVHUJR 9 2 9LQFHQ]R 2ULR PDVVDUR 5Y */25,$ Â± 7,%, 62/, 0H]]D ILJXUD GHO 5HGHQWRUH FKH VRUJH GDOOH QXEL &1, 3DROXFFL 0ROWR UDUD 3DWLQD GL PHGDJOLHUH T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

7RUQHVHOOR 0LVW J $17 *5,0$196 '9; &URFH SDWHQWH DFFDQWRQDWD GD JOREHWWL 5Y 6 0$5&96 9(1(7, /HRQH LQ VROGR &1, 3DROXFFL 0ROWR UDUR T %% ([ FROOH]LRQH =RSSROD

/RWWR GL TXDWWUR PRQHWH 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 7RUQHVHOOR &1, 3DROXFFL 'D 0% D EXRQ %%

$QGUHD *ULWWL GRJH /;;9,,

'XFDWR $9 J $1' *5,7, Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7 7 ;3( '$7Â¶4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL TXDWWUR VWHOOH D G H FLQTXH D V &1, YDU 3DROXFFL )ULHGEHUJ 6SO

0H]]R GXFDWR $9 J $1' *5,7, Â± '9; Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y (*2 690 Â± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H TXDWWUR D V &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR QRWR LQ SRFKL HVHPSODUL T 6SO

6FXGR $9 J $1'5($6 *5,7, '9; 9(1(7,$5 &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ )RQGL OXFHQWL PLJOLRUH GL 6SO

6FXGR $9 J $1'5($6 *5,7, '9; 9(1(7,$5 &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 6SO

6FXGR $9 J $1'5($6 *5,7, '9; 9(1(7,$5 &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ %HQ FRQLDWR H GL FRQVHUYD]LRQH HFFH]LRQDOH T )GF

6FXGR $9 J $1'5($6 *5,7, 'ȁ; 9(1(7,$5 &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, YDU 3DROXFFL )ULHGEHUJ 5DUD YDULDQWH FRQ 'ȁ; DO GU DQ]LFKp '9; 6SO

6FXGR $9 J $1'5($6 *5,7, '9; 9(1(7,$5 &URFH RUQDWD H ILRUDWD 5Y =$1&796 0$5&96 9(1(79= /HRQH LQ VROGR HQWUR VFXGR &1, YDU 3DROXFFL )ULHGEHUJ 0ROWR UDUR 6SO

9DULDQWH PROWR UDUD FRQ OD SULPD HG XOWLPD 6 LQYHUVH DO UY

6FXGR $9 J $1'5($6 *5,7, '9; 9(1(7,$5 &URFH RUQDWD H ILRUDWD 5Y =$1&79= 0$5&9= 9(1(79= /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 5DUR 0LJOLRUH GL 6SO

5DUD YDULDQWH FRQ WXWWH OH 6 LQYHUVH DO UY

6FXGR $9 J $1'5($6 *5,7, '9; 9(1(7,$5 &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 6SO

6FXGR $9 J $1'5($6 *5,7, '9; 9(1(7,$5 &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 6SO 9DULDQWH FKH SUHVHQWD OÂ¶LQWHUSXQ]LRQH FRQ FXQHL DO GU

0H]]R VFXGR $9 J $1'5($6 *5,7, '9; 9(1(7,$5 &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 5DUR 0LJOLRUH GL 6SO

0H]]R VFXGR $9 J $1'5($6 *5,7, '9; 9(1(7,$5 &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 5DUR 6SO

9DULDQWH FRQ FURFH DG LQL]LR OHJHQGD DO UY

0H]]R VFXGR $9 J $1'5($6 *5,7, '9; 9(1(7,$5 &URFH RUQDWD H ILRUDWD JOREHWWL DOOH HVWUHPLWj 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, YDU 3DROXFFL )ULHGEHUJ 5DUR T 6SO

0RFHQLJR R OLUD $5 J $1'5($6 Â± *5,7, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR % Â± . %HUQDUGLQR GD &DQDO PDVVDUR &1, 3DROXFFL 3DWLQD LULGHVFHQWH 6SO

0RFHQLJR R OLUD $5 J $1'5($6 Â± *5,7, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR ) Â± ( )UDQFHVFR (UL]]R PDVVDUR &1, 3DROXFFL 5DUD VLJOD GL PDVVDUR T 6SO

0RFHQLJR R OLUD $5 J $1'5($6 Â± *5,7, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR = Â± * =XDQ *ULPDQL PDVVDUR &1, 3DROXFFL %HOOD SDWLQD GL PHGDJOLHUH T 6SO

0RFHQLJR R OLUD $5 J $1'5($6 Â± *5,7, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 0 Â± ' 0DUFR 'LHGR PDVVDUR &1, Â± 3DROXFFL 5DULVVLPR T 6SO

0DUFHOOR R PH]]D OLUD $5 J $1' *5,7, Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL ) Â± ( )UDQFHVFR (UL]]R PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU SHU OLUH

0DUFHOOR R PH]]D OLUD $5 J $1' *5,7, Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL 5 Â± & 5X]LHU &RQWDULQL PDVVDUR /XQJR OÂ¶DVWD ' 9 ; H DOOD EDVH VWHOOD 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH 6SO

0DUFHOOR R PH]]D OLUD $5 J $1' *5,7, Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL $ Â± = $QWRQLR =RU]L PDVVDUR /XQJR OÂ¶DVWD ' 9 ; H DOOD EDVH OLQHD GÂ¶HVHUJR 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL 5DUR T 6SO

9DULDQWH FRQ OLQHD GÂ¶HVHUJR DO GU

0DUFHOOR R PH]]D OLUD $5 J $1' *5,7, Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, YDU 3DROXFFL 5DUR %XRQ %% 9DULDQWH VHQ]D VLJOH GL PDVVDUR DO GU

'D VROGL $5 J $1'5($6 Â± *5,7, Â± '9; 6 0 9(1(7 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y */25,$ Â± 7,%, 62/, ,O 5HGHQWRUH LQ WURQR VRWWR = Â± 0 =RU]L 0HPR PDVVDUR &1, 3DROXFFL 5DUD VLJOD GL PDVVDUR 0LJOLRUH GL %%

'D VROGL $5 J $1'5($6 Â± *5,7, Â± '9; 6 0 9(1(7 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y */25,$ Â± 7,%, 62/, ,O 5HGHQWRUH LQ WURQR VRWWR 0 Â± $ Â± ' 0DUF DQWRQLR 'XHGR PDVVDUR &1, YDU 3DROXFFL 5DUD VLJOD GL PDVVDUR 0LJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

'D VROGL $5 J $1'5($6 Â± *5,7, Â± '9; 6 0 9(1(7 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y */25,$ Â± 7,%, 62/, ,O 5HGHQWRUH LQ WURQR VRWWR 0 Â± 0 0LFKLHO 0DULQ PDVVDUR &1, 3DROXFFL 6SO

'D VROGL $5 J $1'5($6 Â± *5,7, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y */25,$ Â± 7,%, 62/, ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 0 Â± $ Â± ' 0DUFDQWRQLR 'XHGR PDVVDUR &1, 3DROXFFL 5DULVVLPD 3DWLQD LULGHVFHQWH EXRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH 6LJOD UDULVVLPD SHU OD PRQHWD GD VROGL

'D VROGL $5 J $1' *5,7, Â± $9( * 3/( /D %HDWD 9HUJLQH D V FRO %DPELQR LQ EUDFFLR FKH EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR OXQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR 3 / 3LHUR /RUHGDQ PDVVDUR 5Y 6 0$5& Â± 9(1(796 /HRQH LQ VROGR &1, 3DROXFFL T 6SO

'D VROGL $5 J $1' *5,7, Â± $9( * 3/( /D %HDWD 9HUJLQH D V FRO %DPELQR LQ EUDFFLR FKH EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR OXQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR , ' WUD URVHWWH *LXOLR 'RQj PDVVDUR 5Y 6 0$5& Â± 9(1(796 /HRQH LQ VROGR &1, 3DROXFFL 0LJOLRUH GL %% ([ FROOH]LRQH 'H /D]DUD

'D VROGL $5 J $1' *5,7 Â± 6 0$5& 9(1(7 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR /XQJR OÂ¶DVWD '9; H DOOÂ¶HVHUJR 0 ' 0DUFR 'LHGR PDVVDUR 5Y */25,$ Â± 7,%, 62/, 0H]]D ILJXUD GHO 5HGHQWRUH FKH VRUJH GDOOH QXEL &1, 3DROXFFL (VWUHPDPHQWH UDUD T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR 0RUFKLR 0DMHU QHO SHU OLUH

'D VROGL QXRYR WLSR $5 J $1' *5, Â± '9; Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y /$96 7, Â± %, 62/, ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V &1, Â± FIU H VHJJ 3DROXFFL 5DUR T 6SO

'D VROGL $5 J $1' *5,7, Â± '9; Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y 0H]]D ILJXUD GHO 5HGHQWRUH EHQHGLFHQWH DL ODWL ,& Â± ;& H DOOÂ¶HVHUJR % . %HUQDUGLQR GD &DQDO PDVVDUR &1, 3DROXFFL %XRQ %%

6ROGLQR $5 J $1 *5,7, Â± '9; Â± 6 0 9 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y /$96 7, Â± %, 62/, ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 3 / 3LHUR /RUHGDQ PDVVDUR &1, YDU 3DROXFFL 5DUR %XRQ %%

'RSSLR EDJDWWLQR 0LVW $1'5($6 *5,7, '9; &URFH SDWHQWH DFFDQWRQDWD GD JOREHWWL 5Y 6 0$5&96 9(1(7, 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL 5DULVVLPR %%

/RWWR GL XQGLFL PRQHWH 6FXGR &1, 3DROXFFL )ULHGEHUJ 0RFHQLJR R OLUD &1, 3DROXFFL 0DUFHOOR R PH]]D OLUD &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL QXRYR WLSR &1, 3DROXFFL 4XDWWULQR &1, 3DROXFFL 7RUQHVHOOR &1, 3DROXFFL 'D 0% D T 6SO

/RWWR GL XQGLFL PRQHWH 6FXGR &1, 3DROXFFL )ULHGEHUJ 0RFHQLJR R OLUD &1, 3DROXFFL 0DUFHOOR R PH]]D OLUD &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL QXRYR WLSR &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 6ROGLQR &1, Â± 3DROXFFL %H]]R &1, 3DROXFFL 7RUQHVHOOR &1, 3DROXFFL 'D 0% D T 6SO

3LHWUR /DQGR GRJH /;;9,,,

'XFDWR $9 J 3(7 /$1'2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR VWHOOD 5Y 6,7 7 ;3( '$7Â¶4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL FLQTXH VWHOOH D G H FLQTXH D V &1, 3DROXFFL )ULHGEHUJ 6SO

'XFDWR $9 J 3(7 /$1'2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR VWHOOD 5Y 6,7 7 ;3( '$7Â¶4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VHL VWHOOH D G H VHL D V &1, 3DROXFFL )ULHGEHUJ )RQGL OXFHQWL H FRQVHUYD]LRQH HFFH]LRQDOH )GF

'XFDWR $9 J 3(7 /$1'2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR VWHOOD 5Y 6,7 7 ;3( '$7Â¶4Â¶ 79 Â± 5(*,6 ,67( '9&$7Â¶ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VHL VWHOOH D G H VHL D V &1, 3DROXFFL )ULHGEHUJ 6SO

6FXGR $9 J 3(7596 /$1'2 '9; 9(1(7,$5 &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 5DUR 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR SHU OLUH

6FXGR $9 J 3(7596 /$1'2 '9; 9(1(7,$5 &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 5DUR T 6SO

0RFHQLJR R OLUD $5 J 3(7596 Â± /$1'2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR $ Â± % $OYLVH %HPER PDVVDUR &1, 3DROXFFL 5DUR 6SO

0RFHQLJR R OLUD $5 J 3(7596 Â± /$1'2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR $ 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 9 Â± 6 9HWWRU 6DODPRQ PDVVDUR H VRWWR $ &1, YDU 3DROXFFL 5DUR 0LJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR * 0RUFKLR SHU OLUH

0RFHQLJR R OLUD $5 J 3(7596 Â± /$1'2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR ) Â± 9 )UDQFHVFR 9DOLHU PDVVDUR &1, 3DROXFFL 5DUR 0LJOLRUH GL %%

0DUFHOOR R PH]]D OLUD $5 J 3(7 /$1'2 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL 9 Â± 6 9HWWRU 6DODPRQ PDVVDUR /XQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR $ 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL T 6SO

0DUFHOOR R PH]]D OLUD $5 J 3(7 /$1'2 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL 3 Â± 3 3LHWUR GL 3ULXOL PDVVDUR /XQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR VWHOOD 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH 6SO

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

'D VROGL $5 J 3(7 /$1'2 Â± $9( * 3/( /D %HDWD 9HUJLQH D V FRO %DPELQR LQ EUDFFLR FKH EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR OXQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR 9 6 9HWWRU 6DODPRQ PDVVDUR 5Y 6 0$5&96 Â± 9(1(796 /HRQH LQ VROGR &1, 3DROXFFL 5DUR %%

'D VROGL $5 J 3(7 /$1' Â± '9; Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y /$96 7, Â± %, 62/, ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR $ % $OYLVH %HPER PDVVDUR &1, 3DROXFFL T 6SO

6ROGR QXRYR $5 J 3(7596 /$1'2 '9; &URFH D EDODXVWUD 5Y 6 0$5&96 9(1(7 /HRQH LQ VROGR &1, 3DROXFFL %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR SHU OLUH

%DJDWWLQR &X J 3(7 /$1'2 9,5*$ ,(66( )/ /D %HDWD 9HUJLQH D V FRQ LO %DPELQR VXOOH JLQRFFKLD FKH EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR 5Y , + 6 &1, 3DROXFFL (VWUHPDPHQWH UDUR 'RUDWR T %% %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR QHO FLUFD SHU OLUH

%DJDWWLQR &X J 3( /$1 '9; $ )216 3 /D %HDWD 9HUJLQH D V FRQ LO %DPELQR VXOOH JLQRFFKLD FKH EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR 5Y , + 6 &1, 3DROXFFL (VWUHPDPHQWH UDUR 0%

/RWWR GL QRYH PRQHWH 0RFHQLJR R OLUD &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 6ROGLQR &1, 3DROXFFL %H]]R &1, 3DROXFFL 4XDWWULQR &1, 3DROXFFL 7RUQHVHOOR &1, 3DROXFFL 7HVVHUD LQ UDPH 9ROWROLQD 'D 0% D T 6SO

)UDQFHVFR 'RQj GRJH /;;,;

=HFFKLQR $9 J )5$1 '21 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH VHL D G H VHL D V &1, 3DROXFFL )ULHGEHUJ 0LJOLRUH GL 6SO 'D TXHVWR GRJH LO GXFDWR SUHQGHUj OD QXRYD GHQRPLQD]LRQH GL ]HFFKLQR H LO SHVR OHJDOH GL HPLVVLRQH YHUUj DJJLXVWDWR D JU

=HFFKLQR $9 J )5$1 '21 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH VHWWH D G H VHWWH D V &1, 3DROXFFL )ULHGEHUJ 0LJOLRUH GL 6SO

=HFFKLQR $9 J )5$1 '21 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; H DOOÂ¶HVHUJR VWHOOD 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH VHL D G H VHL D V &1, Â± 3DROXFFL )ULHGEHUJ 6SO

6FXGR $9 J )5$1& '21$72 '9; 9(1(7,$5Â¶ &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

0H]]R VFXGR $9 J )5$1& '21$72 '9; 9(1(7,$5Â¶ &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR /HJJHUD OLPDWXUD D RUH GHO UY DOWULPHQWL T 6SO ([ 1$& DVWD

0RFHQLJR R OLUD $5 J )5$1&,6&96 '21$72 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 1 Â± 0 1LFROz GD 0ROLQ PDVVDUR &1, Â± 3DROXFFL 5DULVVLPR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH 3HU TXHVWR PDVVDUR QRQ VRQR QRWH HPLVVLRQL GL OLUH DO &1,

0RFHQLJR R OLUD $5 J )5$1&,6&96 '21$72 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 7 Â± & 7HRGRUR &RUQHU PDVVDUR &1, Â± 3DROXFFL 5DULVVLPR 6SO 3HU TXHVWR PDVVDUR QRQ VRQR QRWH HPLVVLRQL GL OLUH DO &1,

0DUFHOOR R PH]]D OLUD $5 J )5$1 '21 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL * Â± 4 *DVSDUH 4XHULQL PDVVDUR /XQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR VWHOOD 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL 0ROWR UDUR %% ([ DVWD )LQDUWH H 1$& 3URYHQLHQWH GDOOD FROOH]LRQH 'H /D]DUD

0DUFHOOR R PH]]D OLUD $5 J )5$1 '21 Â± 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL 3 Â± 0 3LHUR 0LFKLHO PDVVDUR /XQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR SXQWR 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL 0ROWR UDUR T 6SO

([ FROOH]LRQH 'H /D]DUD

'D VROGL $5 J )5$1 '21 Â± $9( * 3/( /D %HDWD 9HUJLQH D V FRO %DPELQR LQ EUDFFLR FKH EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR OXQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR 3 0 3LHUR 0LFKLHO PDVVDUR 5Y 6 0$5&96 Â± 9(1(796 /HRQH LQ VROGR &1, 3DROXFFL 5DUR T 6SO

'D VROGL $5 J )5$1 '21 Â± '9; Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y /$96 7, Â± %, 62/, ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 1 0 1LFROz GD 0ROLQ PDVVDUR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH PLJOLRUH GL 6SO

6ROGR QXRYR $5 J )5$1&2 '21$72 '9; &URFH D EDODXVWUD 5Y 6 0$5&96 9(1(7 /HRQH LQ VROGR &1, 3DROXFFL 5DUR T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 1 0DMHU QHO SHU OLUH

'RSSLR EDJDWWLQR 0LVW )5$1& '21$72 '9; &URFH SDWHQWH 5Y 6 0$5&96 9(1(7, 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL 0ROWR UDUR %XRQ %% ([ FROOH]LRQH *DYD]]L

/RWWR GL GRGLFL PRQHWH 0RFHQLJR R OLUD &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL &1, YDU 3DROXFFL 'D VROGL &1, 3DROXFFL %H]]R &1, 3DROXFFL 6HVLQR &1, 3DROXFFL 4XDWWULQR &1, 3DROXFFL 'D 0% D T 6SO 0DUFDQWRQLR 7UHYLVDQ GRJH /;;;

=HFFKLQR $9 J 0 $17 75, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH VHL D G H VHL D V &1, 3DROXFFL )ULHGEHUJ 5DUR 0LJOLRUH GL 6SO

0DUFHOOR R PH]]D OLUD $5 J 0$5& $17 75,9,6$12 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL 3 Â± = 3LHUWR =HQ PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, Â± 3DROXFFL (VWUHPDPHQWH UDUR /LHYH RQGXOD]LRQH GHO WRQGHOOR DOWULPHQWL T 6SO 3HU TXHVWR PDVVDUR QRQ VRQR QRWH HPLVVLRQL GL PH]]H OLUH DO &1,

'D VROGL $5 J 0 $17 75, '9; 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y /$96 7, Â± %, 62/, ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 3 = 3LHWUR =HQ PDVVDUR &1, 3DROXFFL 5DULVVLPD T 6SO ([ FROOH]LRQH 'H /D]DUD H *DYD]]L

'D VROGL $5 J 0 $1 75 '9; 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y 0H]]D ILJXUD GHO 5HGHQWRUH EHQHGLFHQWH DL ODWL ,& Â± ;& H DOOÂ¶HVHUJR 3 = 3LHWUR =HQ PDVVDUR &1, 3DROXFFL (VWUHPDPHQWH UDUD %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

%H]]R $5 J 0 $17 75,9,6 '9; &URFH SLVDQD 5Y ,1 +2& 6 Â± 9,1&,7 /HRQH DODWR JUDGLHQWH D V FRQ OD ]DPSD G VX OLEUR DSHUWR &1, 3DROXFFL 0ROWR UDUR T %%

'RSSLR EDJDWWLQR 0LVW 0 $17 75,9,6$12 &URFH SDWHQWH 5Y 6 0$5&96 9(1(7 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL (VWUHPDPHQWH UDUR &RQVHUYD]LRQH QRWHYROLVVLPD SHU LO WLSR 6SO ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

&UD]LD SHU &LSUR 0LVW 0 $17 75,9,6$ '9; &URFH SDWHQWH 5Y 6 0$5&96 9(1(796 /HRQH UDPSDQWH &1, 3DROXFFL (VWUHPDPHQWH UDUD %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU SHU OLUH

/RWWR GL WUH PRQHWH %H]]R &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 6HVLQR FRQ OHJHQGD DO GU DUWHIDWWD 0HGLDPHQWH 0% )UDQFHVFR 9HQLHU GRJH /;;;,

=HFFKLQR $9 J )5$1 9(1( Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH VHL D G H VHL D V &1, 3DROXFFL )ULHGEHUJ T )GF

0H]]R ]HFFKLQR $9 J )5 9(1( Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR /XQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR H LQ FRQVHUYD]LRQH LQVROLWD 6SO

6FXGR $9 J )5$1&Â¶ 9(1(5,2 '9; 9(1(7,$5Â¶ &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR 6SO

6FXGR $9 J )5$1& 9(1(5,2 '9; 9(1(7,$5Â¶ &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR 6SO

0H]]R VFXGR $9 J )5$1&Â¶ 9(1(5,2 '9; 9(1(7,$5Â¶ &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR %XRQ %%

0H]]R VFXGR $9 J )5$1&Â¶ 9(1(5,2 '9; 9(1(7,$5Â¶ &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR T %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD / +DPEXUJHU QHO SHU OLUH

0RFHQLJR R OLUD $5 J )5$1&,6&96 9(1(5,2 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR / Â± 0 /RGRYLFR 0DOLSLHUR PDVVDUR &1, 3DROXFFL 5DULVVLPR 2VVLGD]LRQL PDUJLQDOL DOWULPHQWL T 6SO

0DUFHOOR R PH]]D OLUD $5 J )5$1&,6&96 9(1(5,2 6 0 9(1(7, 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL $ Â± = $QGUHD =RU]L PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL 5DULVVLPR %XRQ %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

'D VROGL $5 J ) 9(1(5,2 Â± $9( * 3/ /D %HDWD 9HUJLQH D V FRO %DPELQR LQ EUDFFLR FKH EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR OXQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR 0 6 0DUFR 6DODPRQ PDVVDUR 5Y 6 0$5&96 Â± 9(1(796 /HRQH LQ VROGR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH %%

'D VROGL $5 J )5 9(1( '9; 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y /$96 7, Â± %, 62/, ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR $ = $QGUHD =RU]L PDVVDUR &1, 3DROXFFL 5DUD T 6SO ([ FROOH]LRQH *DYD]]L

'D VROGL $5 J )5 9(1 Â± '9; 6 0 9(1 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y 0H]]D ILJXUD GHO 5HGHQWRUH EHQHGLFHQWH DL ODWL ,& Â± ;& H DOOÂ¶HVHUJR 0 6 0DUFR 6DODPRQ PDVVDUR &1, 3DROXFFL 0ROWR UDUD 0LJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

'RSSLR EDJDWWLQR 0LVW )5$1 9(1(5,2 '9; &URFH SDWHQWH DFFDQWRQDWD GD JOREHWWL 5Y 6 0$5&96 9(1(7 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL 5DULVVLPR T 6SO ([ FROOH]LRQH *DYD]]L

'RSSLR EDJDWWLQR 0LVW )5$1 9(1(5 '9; &URFH SDWHQWH 5Y 6 0$5&96 9(1(7 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL 5DULVVLPR T 6SO

&UD]LD SHU &LSUR 0LVW )5$1 9(1(5,2 '9; &URFH SDWHQWH 5Y 6 0$5&96 9(1(796 /HRQH UDPSDQWH &1, 3DROXFFL 5DUD %%

/RWWR GL VHL PRQHWH 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL %H]]R &1, 3DROXFFL 4XDWWULQR &1, 3DROXFFL 6HVLQR &1, 3DROXFFL 'D 0% D %% /RUHQ]R 3ULXOL GRJH /;;;,,

=HFFKLQR $9 J /$9Â&#x2021;35,2/ Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, YDU 3DROXFFL )ULHGEHUJ 0LJOLRUH GL 6SO

=HFFKLQR $9 J /$9 35,2/ Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, Â± FIU PD OHJHQGD VHQ]D LQWHUSXQ]LRQH 3DROXFFL )ULHGEHUJ 6SO

=HFFKLQR $9 J /$935,2/ Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, Â± 3DROXFFL )ULHGEHUJ 6SO

0H]]R ]HFFKLQR $9 J /$9 35,2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

0RFHQLJR R OLUD $5 J /$95(17,96 35,2/ 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR / Â± 0 /RGRYLFR 0DOLSLHUR PDVVDUR &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH T 6SO ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RKHQNXELQ

0RFHQLJR R OLUD $5 J /$95(17,96 35,2/ 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR , Â± 0 ,DFRSR 0RURVLQL PDVVDUR &1, 3DROXFFL 0ROWR UDUR T 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

0RFHQLJR R OLUD $5 J /$95(17,96 35,2/ 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR , Â± 3 *LDFRPR 3LVDQL PDVVDUR &1, Â± 3DROXFFL 5DULVVLPR %% ([ DVWD 1$& 3HU TXHVWR PDVVDUR QRQ VRQR QRWH HPLVVLRQL GL OLUH DO &1,

0DUFHOOR R PH]]D OLUD $5 J /$95(17,96 35,2/96 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL $ Â± = $QGUHD =RU]L PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, 3DROXFFL 5DULVVLPR 3DWLQD GL PHGDJOLHUH T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

'D VROGL $5 J /$9 35,2/ Â± $9( * 3/ /D %HDWD 9HUJLQH D V FRO %DPELQR LQ EUDFFLR FKH EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR OXQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR , 3 *LDFRPR 3LVDQL PDVVDUR 5Y 6 0$5&96 Â± 9(1(796 /HRQH LQ VROGR &1, 3DROXFFL 0ROWR UDUD FRQ TXHVWD VLJOD GL PDVVDUR %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

'D VROGL $5 J /$ 35,2/ '9; 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y /$96 7, Â± %, 62/, ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR , 3 *LDFRPR 3LVDQL PDVVDUR &1, 3DROXFFL %XRQ %%

'D VROGL $5 J /$ 35,2 '9; 6 0 9(1 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y 0H]]D ILJXUD GHO 5HGHQWRUH EHQHGLFHQWH DL ODWL ,& Â± ;& H DOOÂ¶HVHUJR + 4 *LURODPR &RQWDULQL PDVVDUR &1, 3DROXFFL T 6SO

/RWWR GL VHWWH PRQHWH 'D VROGL &1, Â± 3DROXFFL 'D VROGL &1, 3DROXFFL %H]]R &1, 3DROXFFL 6HVLQR &1, 3DROXFFL 4XDWWULQR &1, 3DROXFFL &UD]LD SHU &LSUR &1, 3DROXFFL 'D 0% D %%

*HURODPR 3ULXOL GRJH /;;;,,,

=HFFKLQR $9 J +,(5Â&#x2021;35,2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, YDU 3DROXFFL )ULHGEHUJ %XRQ %%

6FXGR $9 J +,(521,0Â¶ 35,2/96 '9; 9(1(7 &URFH RUQDWD H ILRUDWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, Â± 5,1 SDJ H VHJJ TXHVWR HVHPSODUH GHVFULWWR H LOOXVWUDWR 3DROXFFL )ULHGEHUJ D (VWUHPDPHQWH UDUR T 6SO ([ DVWD 1$& 3URYHQLHQWH GDOOD FROOH]LRQH 6XSHUWL )XUJD

'XFDWR GD VROGL $5 J +,(5 35,2/2 '9; 6 0 9(1(796 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VX OLEUR DSHUWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH T 6SO

([ FROOH]LRQL 'H /D]DUD H *DYD]]L

0H]]R GXFDWR GD VROGL $5 J +,(5 35,2/2 '9; 6 0 9(1(796 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y 0(',Â¶ '9&$7Â¶ 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VX OLEUR DSHUWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 2VVLGD]LRQL H VXSHUILFLH OHJJHUPHQWH SRURVD DO UY DOWULPHQWL 6SO %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

0H]]R GXFDWR GD VROGL $5 J +,(5 35,2/2 '9; 6 0 9(1(796 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y 0(',Â¶ '9&$7Â¶ 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VX OLEUR DSHUWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 6XSHUILFLH OHJJHUPHQWH SRURVD DO UY DOWULPHQWL EXRQ %%

4XDUWR GL GXFDWR GD VROGL $5 J +,(5 35,2/2 '9; 6 0 9(1(796 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y 4Â¶ '9&$7Â¶ 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VX OLEUR DSHUWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 2VVLGD]LRQL DO UY DOWULPHQWL 6SO

0DUFHOOR R PH]]D OLUD $5 J +,(521,096 35,2/96 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DL ODWL + Â± & *HURODPR &RQWDULQL PDVVDUR /XQJR OÂ¶DVWD ' 9 ; 5Y 7,%, 62/, Â± */25,$ ,O 5HGHQWRUH LQ WURQR DL ODWL ,& Â± ;& &1, Â± 3DROXFFL Â± 'L JUDQGH UDULWj 3DWLQD GL PHGDJOLHUH 6SO

'D VROGL $5 J +,( 35,2/ Â± $9( * 3/ /D %HDWD 9HUJLQH D V FRO %DPELQR LQ EUDFFLR FKH EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR OXQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR =$ 9 =XDQ $OYLVH 9DOLHU PDVVDUR 5Y 6 0$5&96 9(1(796 /HRQH LQ VROGR &1, 3DROXFFL 6SO

'D VROGL $5 J +,( 35,2/ Â± $9( * 3/ /D %HDWD 9HUJLQH D V FRO %DPELQR LQ EUDFFLR FKH EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR OXQJR OÂ¶DVWD ' 9 ; H DOOÂ¶HVHUJR / 5 /RUHQ]R 5LPRQGR PDVVDUR 5Y 6 0$5&96 9(1(796 /HRQH LQ VROGR &1, 3DROXFFL T 6SO

'D VROGL $5 J +,( 35,2/ '9; 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y /$96 7, Â± %, 62/, ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR = 7 =XDQ 7DJLDSLHWUD PDVVDUR &1, 3DROXFFL T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR QHO SHU OLUH

'D VROGL $5 J +,( 35,2 '9; 6 0 9(1 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y 0H]]D ILJXUD GHO 5HGHQWRUH EHQHGLFHQWH DL ODWL ,& Â± ;& H DOOÂ¶HVHUJR / 0 /RGRYLFR 0DOLSLHUR PDVVDUR &1, 3DROXFFL T 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

6ROGR $5 J +,( 35 Â± '9; Â± 6 0 9( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y /$96 7, Â± %, 62/, ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 1 & 1LFROz &RUQHU PDVVDUR &1, 3DROXFFL 5DUR 6SO

6ROGR $5 J +,(5 35,2/2 '9; &URFH D EDODXVWUD 5Y 6 0$5&96 9(1(796 /HRQH LQ VROGR &1, 3DROXFFL T 6SO

%H]]R GL GRSSLR SHVR $5 J +,( 35,2/2 '9; &URFH SLVDQD 5Y ,1 +2& 6 >9,1&,7@ /HRQH DODWR JUDGLHQWH D V FRQ OD ]DPSD G DSSRJJLDWD VX OLEUR DSHUWR &1, Â± 3DROXFFL Â± 5DULVVLPR %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

'RSSLR EDJDWWLQR 0LVW +,(5 35,2/ '9; &URFH SDWHQWH 5Y 6 0$5&96 9(1(796 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL 5DUR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR QHO SHU OLUH

/RWWR GL GLHFL PRQHWH 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 6ROGR &1, 3DROXFFL %H]]R &1, 3DROXFFL 6HVLQR &1, 3DROXFFL 4XDWWULQR &1, 3DROXFFL &UD]LD SHU &LSUR &1, 3DROXFFL 'D 0% D PLJOLRUH GL %%

3LHWUR /RUHGDQ GRJH /;;;,9

=HFFKLQR $9 J 3$7 /$95 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 6SO ([ DVWD 1$&

0H]]R ]HFFKLQR $9 J 3(7 /$95 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR 7UDFFLD GL IRUR RWWXUDWR DOWULPHQWL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

4XDUWR GL ]HFFKLQR $9 J 3(7 /$9 '9; 6 0 9(1 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y (*2 690 Â± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR %XRQ %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

'XFDWR GD VROGL $5 J 3(7 /$95(' '9; 6 0 9(1(796 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VX OLEUR DSHUWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR %XRQ %%

0H]]R GXFDWR GD VROGL $5 J 3(75 /$95(' '9; 6 0 9(1(796 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y ',0,',90 '9& 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VX OLEUR DSHUWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 7UDFFLD GL OLPDWXUD VXO WDJOLR DOWULPHQWL PLJOLRUH GL %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

4XDUWR GL GXFDWR GD VROGL $5 J 3(7 /$95(' '9; 6 0 9(1(796 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y 49$5790 '9 9( /HRQH DODWR H QLPEDWR JUDGLHQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VX OLEUR DSHUWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR T 6SO

'RSSLR EDJDWWLQR 0LVW 3(7 /$95('$1 '9; &URFH SDWHQWH 5Y 6 0$5&96 9(1(796 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL 5DULVVLPR T %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

'D FUD]LH SHU &LSUR 0LVW 3(7596 /$95('$ '9; &URFH SDWHQWH 5Y 6$1&796 0$5&96 9(1(7 /HRQH UDPSDQWH &1, 3DROXFFL 6SO

&UD]LD SHU &LSUR 0LVW 3(7596 /$95('$ '9; &URFH SDWHQWH 5Y 6 0$5&96 9(1(796 /HRQH UDPSDQWH &1, 3DROXFFL (VWUHPDPHQWH UDUD %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

/RWWR GL GLHFL PRQHWH 6ROGR &1, 3DROXFFL 6HVLQR &1, 3DROXFFL 4XDWWULQR &1, 3DROXFFL 'D FUD]LH SHU &LSUR &1, 3DROXFFL 'D T %% D T 6SO

$OYLVH , 0RFHQLJR GRJH /;;;9

=HFFKLQR $9 J $/2< 02& Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 6SO T 6SO

'XFDWR GD VROGL $5 J $/2<6,96 02&(1,*2 '9; 6 0 9(1(7, 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VX OLEUR DSHUWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 0LJOLRUH GL %%

4XDUWR GL GXFDWR GD VROGL $5 J $/2<6,96 02&(1,*2 '9; 6 0 9(1(7, 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y 49$5790 '9 9( /HRQH DODWR H QLPEDWR JUDGLHQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VX OLEUR DSHUWR DOOÂ¶HVHUJR &1, Â± 3DROXFFL (VWUHPDPHQWH UDUR ,PSHUFHWWLELOH IDOOD GHO WRQGHOOR DOWULPHQWL T 6SO

([ FROOH]LRQH *DYD]]L

'D VROGL $5 J $/2< 02&( Â± 6 0 9(1(796 6 0DUFR QLPEDWR VHGXWR D V EHQHGLFH H SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR LQ EDVVR D V WHVWD GHO OHRQH GL IURQWH $OOÂ¶HVHUJR 0 6 0DULQ 6DQXGR PDVVDUR 5Y 352 ),'( 19149$0 '()(66$ 9HQH]LD FRURQDWD H FRQ VSDGD QHOOD G VHGXWD VX OHRQH DFFRYDFFLDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUD 3DWLQD LULGHVFHQWH 6SO

'D VROGL $5 J $/2< 02&( Â± 6 0 9(1(796 6 0DUFR QLPEDWR VHGXWR D V EHQHGLFH H SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR LQ EDVVR D V WHVWD GHO OHRQH GL IURQWH $OOÂ¶HVHUJR 6 7 ' 6WDH 'XRGR PDVVDUR 5Y 352 ),'( 19149$0 '()(66$ 9HQH]LD FRURQDWD H FRQ VSDGD QHOOD G VHGXWD VX OHRQH DFFRYDFFLDWR DOOÂ¶HVHUJR &1, Â± 3DROXFFL 0ROWR UDUD /HJJHUPHQWH WRVDWD %% ([ FROOH]LRQH FRQWH 'LQR /XFKHVFKL 3HU TXHVWR PDVVDUR QRQ VRQR QRWH HPLVVLRQL GL VROGL DO &1,

'D VROGL $5 J $/2< 02&( Â± 6 0 9(1(796 6 0DUFR QLPEDWR VHGXWR D V EHQHGLFH H SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR LQ EDVVR D V WHVWD GHO OHRQH GL IURQWH $OOÂ¶HVHUJR % & %HUQDUGR &RUQHU PDVVDUR 5Y 0(025 (52 79, Â± ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH FRQ SDOPD H OLEUR WUDILWWD LQ VHQR GD SXJQDOH DOOÂ¶HVHUJR &1, YDU 3DROXFFL 3DWLQD LULGHVFHQWH 6SO

'D VROGL $5 J $/2< 02&( Â± 6 0 9(1(796 6 0DUFR QLPEDWR VHGXWR D V EHQHGLFH H SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR LQ EDVVR D V WHVWD GHO OHRQH GL IURQWH $OOÂ¶HVHUJR 0 & 0DUFR &RUQHU PDVVDUR 5Y 0(025 (52 79, Â± ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH FRQ SDOPD H OLEUR WUDILWWD LQ VHQR GD SXJQDOH DOOÂ¶HVHUJR &1, Â± FIU H VHJJ PD OHJHQGD DO UY LQWHUURWWD GD URVHWWD 3DROXFFL )RQGL EULOODQWL T )GF

'D VROGL $5 J $/2< 02&( Â± 6 0 9(1(796 6 0DUFR QLPEDWR VHGXWR D V EHQHGLFH H SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR LQ EDVVR D V WHVWD GHO OHRQH GL IURQWH $OOÂ¶HVHUJR ) % )HOLFH %RQ PDVVDUR 5Y 0(025 (52 79, Â± ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH FRQ SDOPD H OLEUR WUDILWWD LQ VHQR GD SXJQDOH DOOÂ¶HVHUJR &1, 3DROXFFL 6SO

'D VROGL $5 J $/2< 02&( Â± 6 0 9(1(796 6 0DUFR QLPEDWR VHGXWR VX VFUDQQR D V EHQHGLFH H SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR VRWWR OR VFUDQQR WHVWD GL OHRQH GL IURQWH $OOÂ¶HVHUJR = / =XDQH /RUHGDQ PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH FRQ SDOPD H OLEUR WUDILWWD LQ VHQR GD SXJQDOH DOOÂ¶HVHUJR &1, Â± FIU 3DROXFFL 0ROWR UDUD /HJJHUPHQWH WRVDWD %%

'D VROGL $5 J $/2< 02& Â± 6 0 9(1(7 6 0DUFR QLPEDWR VHGXWR VX VFUDQQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 0 6 0DULQ 6DQXGR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, 3DROXFFL 5DUD T 6SO

'RSSLR EDJDWWLQR 0LVW $/2< 02&(1,*2 '9; &URFH SDWHQWH 5Y 6 0$5&96 9(1(796 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL 5DUR T 6SO ([ FROOH]LRQH *DYD]]L

/RWWR GL XQGLFL PRQHWH 'D VROGL &1, 3DROXFFL 6ROGR &1, 3DROXFFL 6HVLQR &1, 3DROXFFL 'D %% D T 6SO 6HEDVWLDQR 9HQLHU GRJH /;;;9,

=HFFKLQR $9 J 6(% 9(1(5,2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR T 6SO

'D VROGL $5 J 6(% 9(1(5, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VHGXWR VX VFUDQQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR = / =XDQH /RUHGDQ PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH FRQ SDOPD H OLEUR WUDILWWD LQ VHQR GD SXJQDOH DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DUD %XRQ %%

'D VROGL $5 J 6(% 9(1(5, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VHGXWR VX VFUDQQR D V EHQHGLFH H SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR VRWWR OR VFUDQQR WHVWD GL OHRQH GL IURQWH $OOÂ¶HVHUJR = / =XDQH /RUHGDQ PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH FRQ SDOPD H OLEUR WUDILWWD LQ VHQR GD SXJQDOH DOOÂ¶HVHUJR &1, Â± 3DROXFFL YDU 5DULVVLPD 0LJOLRUH GL %% ([ DVWD 1$& 4XHVWD YDULDQWH DSSDUHQWHPHQWH LQHGLWD SUHVHQWD OD UDIILJXUD]LRQH GHO GU VLPLOH DL VROGL HPHVVL VRWWR $OYLVH , 0RFHQLJR

'D VROGL $5 J 6(% 9(1(5, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VHGXWR VX VFUDQQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR + 0 *HURODPR 0RURVLQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH FRQ SDOPD H OLEUR WUDILWWD LQ VHQR GD SXJQDOH DOOÂ¶HVHUJR &1, Â± FIU H VHJJ 3DROXFFL 5DUD T 6SO

'D VROGL $5 J 6(% 9(1(5,2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VHGXWR VX VFUDQQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ) 4 )UDQFHVFR 4XHULQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH FRQ SDOPD H OLEUR WUDILWWD LQ VHQR GD SXJQDOH DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DUD 6SO

'D VROGL $5 J 6(% 9(1(5, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VHGXWR VX VFUDQQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ) % )HOLFH %RQ PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9, 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUD 3DWLQD LULGHVFHQWH GL PHGDJOLHUH T 6SO ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

/RWWR GL TXDWWUR PRQHWH 6HVLQR &1, 3DROXFFL 4XDWWULQR &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D T %% D %%

1LFROz GD 3RQWH GRJH /;;;9,,

=HFFKLQR $9 J 1,& '( 3217 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, YDU 3DROXFFL )ULHGEHUJ 6SO

=HFFKLQR $9 J 1,& '( 3217( Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, Â± 3DROXFFL )ULHGEHUJ 'HEROPHQWH LPSUHVVR DO UY DOWULPHQWL 6SO

0H]]R VFXGR GD OLUH R VROGL $5 J 6 0 9(1( 1,& '( 3217( '9; 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFHQWH SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR $ / $QWRQLR 1LFROz /DQGR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, 3DROXFFL )RQGL OXFHQWL PLJOLRUH GL 6SO

0H]]R VFXGR GD OLUH R VROGL $5 J 6 0 9(1( 1,& '( 321 '9; 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFHQWH SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR $ 0 $QGUHD 0RURVLQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, 3DROXFFL 0LJOLRUH GL %%

0H]]R VFXGR GD OLUH R VROGL $5 J 6 0 9(1( 1,& '( 321 '9; 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFHQWH SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR 0 ' 0DUFR 'ROILQ PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, Â± 3DROXFFL 5DULVVLPR 3DWLQD GL PHGDJOLHUH T 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L 3HU TXHVWR PDVVDUR QRQ VRQR QRWH HPLVVLRQL GL PH]]L VFXGL GD OLUH DO &1,

0H]]R VFXGR GD OLUH R VROGL $5 J 6 0 9(1(7 1,& '( 3217 Â± '9; 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFHQWH SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, 3DROXFFL YDU 5DUR T 6SO

0H]]R VFXGR GD OLUH R VROGL $5 J 6 0 9(1(7 1,& '( 3217( Â± '9; 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFHQWH SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, 3DROXFFL YDU 5DUR T 6SO

4XDUWR GL VFXGR GD OLUH R VROGL $5 J 6 0 9(1(7 1,& '( 3217( 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR + 0 *HURODPR 0RURVLQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH FRQ SDOPD H OLEUR WUDILWWD LQ VHQR GD SXJQDOH DOOÂ¶HVHUJR &1, YDU 3DROXFFL 6SO

4XDUWR GL VFXGR GD OLUH R VROGL $5 J 6 0 9(1( 1,& '( 317 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ 0 $QGUHD 0RURVLQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH FRQ SDOPD H OLEUR WUDILWWD LQ VHQR GD SXJQDOH DOOÂ¶HVHUJR &1, Â± 3DROXFFL 3DWLQD LULGHVFHQWH T 6SO

4XDUWR GL VFXGR GD OLUH R VROGL $5 J 6 0 9(1(7 1,& '( 3217 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 0 $ $QGUHD 0RURVLQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH FRQ SDOPD H OLEUR WUDILWWD LQ VHQR GD SXJQDOH DOOÂ¶HVHUJR &1, YDU 3DROXFFL %XRQ %%

6HGLFHVLPR GL VFXGR GD PH]]D OLUD R VROGL $5 J 6 0 9(1(7 1,& '( 3217( 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFH H SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ ' $QGUHD 'ROILQ R $QGUHD 'LHGR PDVVDUL 5Y 0(025 (52 7 Â± 9, ,967,1$ 9,5 6 *LXVWLQD VWDQWH FRQ SDOPD H OLEUR WUDILWWD LQ VHQR GD SXJQDOH DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO

6FXGR GHOOD FURFH $5 J 1,&+2/$96 '( 3217( '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, Â± 3DROXFFL YDU TXHVWR HVHPSODUH LOOXVWUDWR (VWUHPDPHQWH UDUR %XRQ %% ([ DVWH )LQDUWH H 1$& 3URYHQLHQWH GDOOH FROOH]LRQL 'H /D]DUD H *DYD]]L &RQ TXHVWR GRJH LQL]LD OD VHULH GHJOL VFXGL GD OLUH R VROGL GHWWL Â´GHOOD FURFHÂ´ H OÂ¶HVHPSODUH TXL SURSRVWR SRWUHEEH HVVHUH LO SURWRWLSR GL WDOL HPLVVLRQL 'LYHUVDPHQWH GDJOL VFXGL VXFFHVVLYL QRQ UHFD DO GULWWR OH LQL]LDOL GHO PDVVDUR

6FXGR GHOOD FURFH $5 J 1,&2/$96 '( 3217( '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 0 $ & 0DUFDQWRQLR &RQWDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL )RQGL FRQ OXVWUR GL FRQLR PLJOLRUH GL 6SO ([ DVWH 9DUHVL H 9DUHVL $13%

6FXGR GHOOD FURFH $5 J 1,&2/$96 '( 3217( '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ ' $QGUHD 'ROILQ R $QGUHD 'LHGR PDVVDUL 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, YDU 3DROXFFL %%

6FXGR GHOOD FURFH $5 J 1,&2/$96 '( 3217( '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR & & &ULVWRIRUR &DSHOOR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR FRQ WHVWD LQFOLQDWD D VLQLVWUD HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 9DULDQWH PROWR UDUD T 6SO

6FXGR GHOOD FURFH $5 J 1,&2/$96 '( 3217( '9; 9(1(796 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ 0 $QGUHD 0RURVLQL PDVVDUR 5Y 6$1&796 0$5&96 9(1( /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, Â± FIU 3DROXFFL T 6SO

0H]]R VFXGR GHOOD FURFH $5 J 1,&2/$96 '( 3217( '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 3 & 3DVTXDOH &LFRJQD PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, Â± 3DROXFFL 6LJOD GL PDVVDUR DSSDUHQWHPHQWH LQHGLWD SHU TXHVWR UDULVVLPR QRPLQDOH 3DWLQD GL PHGDJOLHUH EXRQ %%

6ROGR $5 J 1,& '( 3 Â± '9; Â± 6 0 9( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y /$96 7, Â± %, 62/, ,O 5HGHQWRUH VWDQWH GL IURQWH EHQHGLFHQWH WLHQH LO JORER FUXFLJHUR QHOOD V 6XO SLHGLVWDOOR 1 , $QWRQLR 1LFROz /DQGR PDVVDUR &1, 3DROXFFL &RQVHUYD]LRQH HFFH]LRQDOH T )GF ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

/RWWR GL GRGLFL PRQHWH 0H]]R VFXGR GD OLUH R VROGL &1, 3DROXFFL 4XDUWR GL VFXGR GD OLUH R VROGL &1, 3DROXFFL 2WWDYR GL VFXGR GD OLUD R VROGL &1, 3DROXFFL 6HGLFHVLPR GL VFXGR GD VROGL &1, 3DROXFFL %H]]R &1, 3DROXFFL 6HVLQR &1, 3DROXFFL 4XDWWULQR &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D T %% D EXRQ %% 3DVTXDOH &LFRJQD GRJH /;;;9,,,

=HFFKLQR $9 J 3$6& &,&21 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 6SO 9DULDQWH FRQ OD ILJXUD GHO 5HGHQWRUH VHQ]D QLPER

=HFFKLQR $9 J 3$6& &,&2 Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 7 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, Â± FIU 3DROXFFL )ULHGEHUJ T 6SO

=HFFKLQR $9 J 3$6& &,&21 Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 7 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, Â± 3DROXFFL )ULHGEHUJ 6SO

=HFFKLQR $9 J 3$6& &,&21 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$ 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, Â± 3DROXFFL )ULHGEHUJ 6SO 9DULDQWH FRQ DXUHROD FRVSDUVD GL WUHGLFL VWHOOH VHWWH D V H VHL D G

0H]]R ]HFFKLQR $9 J 3$6& &,&21 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, YDU 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR 0DUJLQDOH IUDWWXUD GHO WRQGHOOR H JUDIILHWWR DO UY DOWULPHQWL EXRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

4XDUWR GL ]HFFKLQR $9 J 3$6& &,& Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, YDU 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

6FXGR GD OLUH R VROGL $5 J 3$6& &,&21 Â± '9; 6 0 9(1( 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFHQWH SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR 0 ' 0DUFR 'ROILQ PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V GLHWUR LO OHRQH DFFRYDFFLDWR H DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR /HJJHUD SDWLQD T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD / +DPEXUJHU JLXJQR *QHFFKL SHU OLUH

0H]]R VFXGR GD OLUH R VROGL $5 J 6 0 9(1( 3$6& &,&21 '9; 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFHQWH SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR 0 ' 0DUFR 'ROILQ PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, YDU 3DROXFFL 0ROWR UDUR T 6SO

4XDUWR GL VFXGR GD OLUH R VROGL $5 J 6 0 9(1( 3$6& &,&21 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFHQWH SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR 0 ' 0DUFR 'ROILQ PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DUR T 6SO

4XDUWR GL VFXGR GD OLUH R VROGL $5 J 6 0 9(1(7 3$6& &,&21 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFHQWH SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR / 0 /RUHQ]R 0LQRWR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DUR T 6SO ([ DVWD 1$&

2WWDYR GL VFXGR GD OLUD R VROGL $5 J 6 0 9(1( 3$6& &,&21 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR 0 ' 0DUFR 'ROILQ PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, YDU 3DROXFFL %XRQ %%

2WWDYR GL VFXGR GD OLUD R VROGL $5 J 6 0 9(1( 3$6& &,&21 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR $ % $OYLVH %DIIR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, YDU 3DROXFFL %XRQ %% ([ DVWD 1$&

2WWDYR GL VFXGR GD OLUD R VROGL $5 J 6 0 9(1(7 3$6& &,&21 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR ' / 'RPHQLFR /RPEDUGR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9, 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, YDU 3DROXFFL %HOOD SDWLQD GL PHGDJOLHUH T 6SO

6HGLFHVLPR GL VFXGR GD VROGL $5 J 6 0 9(1(7 3$6& &,&21,$ 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ ' $QGUHD 'ROILQ R $QGUHD 'LHGR PDVVDUL 5Y 0(025 (52 Â± 79, ,967,1$ 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, Â± 3DROXFFL 0ROWR UDUR %% ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ 3HU TXHVWR PDVVDUR QRQ VRQR QRWH HPLVVLRQL GL VHGLFHVLPL GL VFXGR DO &1,

6HGLFHVLPR GL VFXGR GD VROGL $5 J 6 0 9(1(7 3$6& &,&21,$ 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 0 ' 0DUFR 'ROILQ PDVVDUR 5Y 0(025 (52 Â± 79, ,967,1$ 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL 6SO ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

6HGLFHVLPR GL VFXGR GD VROGL $5 J 6 0 9(1(7 3$6& &,&21,$ 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ' / 'RPHQLFR /RPEDUGR PDVVDUR 5Y 0(025 (52 Â± 79, ,967,1$ 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO

7UHQWDGXHVLPR GL VFXGR GD VROGL $5 J 6 0 9(1( 3$6& &,&21 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR * / *HURODPR /RQJR PDVVDUR 5Y 0(025 (52 Â± 79, ,967,1 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, Â± FIU 3DROXFFL T 6SO

7UHQWDGXHVLPR GL VFXGR GD VROGL $5 J 6 0 9(1( 3$6& &,&21 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR / 0 /RUHQ]R 0LQRWR PDVVDUR 5Y 0(025 (52 Â± 79, ,967,1 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL 5DUD VLJOD GL PDVVDUR %%

6FXGR GHOOD FURFH $5 J 3$6&+$/,6 &,&21,$ '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ % $OYLVH %DIIR PDVVDUR 5Y 6$1&796 0$5&96 9(1( /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR %XRQ %%

6FXGR GHOOD FURFH $5 J 3$6&+$/,6 &,&21,$ '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * / *HURODPR /RQJR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 6SO

6FXGR GHOOD FURFH $5 J 3$6&+$/,6 &,&21,$ '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' / 'RPHQLFR /RPEDUGR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO

6FXGR GHOOD FURFH $5 J 3$6&$/,6 &,&21,$ '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' / 'RPHQLFR /RPEDUGR PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO

([ DVWD 0RQWHQDSROHRQH

6FXGR GHOOD FURFH $5 J 3$6&$/,6 &,&21,$ '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) ' )DQWLQ 'DQGROR PDVVDUR 5Y 6$1&796 0$5&96 9(1(79 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 0LJOLRUH GL %%

6FXGR GHOOD FURFH $5 J 3$6&$/,6 &,&21,$ '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ & $QGUHD &RFFR PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 0LJOLRUH GL %%

6FXGR GHOOD FURFH $5 J 3$6&$/,6 &,&21,$ '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR & % &RUQHOLR %DUEDUR PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO

6FXGR GHOOD FURFH $5 J 3$6&$/,6 &,&21,$ '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR & % &RUQHOLR %DUEDUR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 6SO

0H]]R VFXGR GHOOD FURFH $5 J 3$6&+$/,6 &,&21,$ '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * / *HURODPR /RQJR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR %XRQ %%

([ DVWD 1$&

'XFDWR GD VROGL $5 J 6 0 9(1(796 3$6& &,& Â± 21,$ '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR * 6 *HURODPR 6HPLWHFROR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 3DWLQD VFXUD GL PHGDJOLHUH PLJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

'XFDWR GD VROGL $5 J 6 0 9(1(796 3$6& &,& Â± 21,$ '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR * / *HURODPR /RQJR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 2 9LWDOLQL QHO SHU OLUH

'XFDWR GD VROGL $5 J 6 0 9(1(796 3$6& &,&21 Â± '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH PLJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD &LDQL 3DULJL QHO SHU OLUH

0H]]R GXFDWR GD VROGL $5 J 6 0 9(1(796 3$6& &,&21 Â± ,$ '9 ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 7UDFFLD GL DSSLFFDJQROR ULPRVVR %%

'D VROGL $5 J 3$6& &,&2 ± $9( * 3/ /D %HDWD 9HUJLQH D V FRQ LO %DPELQR LQ EUDFFLR FKH EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR OXQJR O¶DVWD ' 9 ; H DOO¶HVHUJR = $ 3 =XDQ $UVHQLR 3ULXOL PDVVDUR 5Y 6 0$5&96 9(1(796 /HRQH LQ VROGR &1, 3DROXFFL 5DUD 0LJOLRUH GL 6SO

'D VROGL $5 J 3$6& &,& ± 6 0$5 9(1 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO 'RJH JHQXIOHVVR /XQJR O¶DVWD '9; H DOO¶HVHUJR = $ 3 =XDQ $UVHQLR 3ULXOL PDVVDUR 5Y */25,$ ± 7,%, 62/, 0H]]D ILJXUD GHO 5HGHQWRUH FKH VRUJH GDOOH QXEL DL ODWL ,& ± ;& &1, 3DROXFFL 0ROWR UDUD 6WXSHQGD SDWLQD LULGHVFHQWH PLJOLRUH GL 6SO

*D]]HWWD GD VROGL $5 J 3$6& &,&21 '9; 6 0 9( 6 0DUFR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V &1, 3DROXFFL )RQGL OXFHQWL PLJOLRUH GL 6SO

4XDWWULQR GL GRSSLR SHVR 0LVW J 3$6& &,&21,$ '9; ,O GRJH JHQXIOHVVR FRQ YHVVLOOR 5Y 6 0$5&96 9(1(796 /HRQH LQ VROGR &1, 3DROXFFL 5DULVVLPR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH ,O SHVR OHJDOH GL HPLVVLRQH GHL TXDWWULQL HUD VWDELOLWR LQ JU

3DOPDQRYD 6FXGR PHGDJOLD $5 J 3$6&$/,6 &,&21,$ '9&( 9(1(7,$5 $1 '1, /HRQH DODWR FRQ VSDGD SRJJLD OH ]DPSH SRVWHULRUL VXO PDUH H O¶DQWHULRUH VX URFFH DOOD FXL VRPPLWj YL q XQD SLFFROD FURFH 5Y )25, ,9/, ,7$/, (7 &+5,6 ),'(, 35239*1$&9/90 3LDQWD GHOOD IRUWH]]D GL 3DOPDQRYD VRUPRQWDWD GD FURFH DOO¶LQWHUQR 3$/0$ H LQ DOWR ,1 +2& 6,*12 797$ &1, 3DROXFFL 5DULVVLPD 3DWLQD GL PHGDJOLHUH JUDIILHWWL QHO FDPSR DO UY DOWULPHQWL PLJOLRUH GL 6SO

3DOPDQRYD 0HGDJOLD $( J 3$6&$/,6 &,&21,$ '9&( 9(1(7,$5 $1 '1, /HRQH DODWR FRQ VSDGD SRJJLD OH ]DPSH SRVWHULRUL VXO PDUH H O¶DQWHULRUH VX URFFH DOOD FXL VRPPLWj YL q XQD SLFFROD FURFH 5Y )25, ,9/, ,7$/, (7 &+5,6 ),'(, 35239*1$&9/90 3LDQWD GHOOD IRUWH]]D GL 3DOPDQRYD VRUPRQWDWD GD FURFH DOO¶LQWHUQR 3$/0$ H LQ DOWR ,1 +2& 6,*12 797$ &1, ± 3DROXFFL %% %XRQ %%

([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

0HGDJOLD SHU OD ULFRVWUX]LRQH GHOOD FKLHVD GHOO¶$VFHQVLRQH $( J (&&( $1&,//$ '20,1, 6FHQD GHOO¶$QQXQFLD]LRQH DOO¶HVHUJR 5Y $6&(1',7 '16 ± ,1 ,9%,/2 /¶$VFHQVLRQH GL *HV LQ FLHOR VRWWR L GRGLFL DSRVWROL LQ DGRUD]LRQH 9ROWROLQD TXHVWR HVHPSODUH LOOXVWUDWR 5DUD T 6SO

/RWWR GL WUHGLFL PRQHWH 6FXGR GHOOD FURFH &1, 3DROXFFL 2WWDYR GL VFXGR GD VROGL &1, 3DROXFFL 6HGLFHVLPR GL VFXGR GD VROGL &1, 3DROXFFL 7UHQWDGXHVLPR GL VFXGR GD VROGL &1, 3DROXFFL 6HVLQR &1, 3DROXFFL 4XDWWULQR &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D 0% D EXRQ %%

0DULQR *ULPDQL GRJH /;;;,;

=HFFKLQR $9 J 0$5,1 *5,0 Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQX IOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, YDU 3DROXFFL )ULHGEHUJ 6SO

=HFFKLQR $9 J 0$5, *5,0 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

=HFFKLQR $9 J 0$5,1 *5,0 Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, Â± 3DROXFFL )ULHGEHUJ T )GF

0H]]R ]HFFKLQR $9 J 0$5, *5,0 Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR %%

0H]]R ]HFFKLQR $9 J 0$5,1 * Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR T 6SO

4XDUWR GL ]HFFKLQR $9 J 0$5,19 Â± *5,0$ 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR /LHYL RQGXOD]LRQL H IDOOD PHWDOOR DO GU DOWULPHQWL T 6SO

0H]]R VFXGR GD OLUH R VROGL $5 J 6 0 9(1(7 0$5,1 *5,0 '9 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFHQWH SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR 3 0 3ROR 0DUFHOOR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9, 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V GLHWUR OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 6SO

4XDUWR GL VFXGR GD OLUH R VROGL $5 J 6 0 9(1( 0$5,1 *5,0 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR 1 7 1LFROz 7URQ R 1LFROz 7LHSROR PDVVDUL 5Y 0(025 (52 79, ,967,1$ 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR T %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

4XDUWR GL VFXGR GD OLUH R VROGL $5 J 6 0 9(1( 0$5,1 *5,0 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR $ 0 $QGUHD 0RURVLQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9, 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, Â± 3DROXFFL 5DULVVLPR %% 3HU TXHVWR PDVVDUR QRQ VRQR QRWH HPLVVLRQL GL VROGL FRQ 6DQWD *LXVWLQD DO &1,

2WWDYR GL VFXGR GD OLUD R VROGL $5 J 6 0 9(1( 0$5,1 *5, 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR * 9 *HURODPR 9HWWXUL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH 6SO

2WWDYR GL VFXGR GD OLUD R VROGL $5 J 6 0 9(1( 0$5,1 *5, 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OO¶HVHUJR 6 0 6HEDVWLDQR 0DUFHOOR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OO¶HVHUJR &1, 3DROXFFL 0ROWR UDUR %% 2WWDYR GL VFXGR GD OLUD R VROGL $5 J 6 0 9(1( 0$5,1 *5,0 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OO¶HVHUJR 3 0 3ROR 0DUFHOOR PDVVDUR 5Y 0(025 (52 79, ,967, 9 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OO¶HVHUJR &1, ± 3DROXFFL 5DULVVLPR %XRQ %% ([ DVWD . QNHU 3HU TXHVWR PDVVDUR QRQ VRQR QRWH HPLVVLRQL GL VROGL FRQ 6DQWD *LXVWLQD DO &1,

6HGLFHVLPR GL VFXGR GD VROGL $5 J 6 0 9(1( 0$5,1 *5,0$ 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OO¶HVHUJR 1 7 1LFROz 7URQ R 1LFROz 7LHSROR PDVVDUL 5Y 0(025 ± (52 79, ,967,1$ 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOO¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 0LJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

7UHQWDGXHVLPR GL VFXGR GD VROGL $5 J 6 0 9(1( 0$5,1 *5,0 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOO¶HVHUJR * 9 *HURODPR 9HWWXUL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOO¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 0LJOLRUH GL %%

7UHQWDGXHVLPR GL VFXGR GD VROGL $5 J 6 0 9(1( 0$5,1 *5,0 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOO¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 0LJOLRUH GL %%

6FXGR GHOOD FURFH $5 J 0$5,196 *5,0$12 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OO¶HVHUJR 0 9 0DWWLR 9HWWXUL PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOO¶HVHUJR &1, 3DROXFFL 5DUR T 6SO

6FXGR GHOOD FURFH $5 J 0$5,196 *5,0$12 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = ( =RU]L (PR PDVVDUR 5Y 6$1&796 0$5&96 9(1(79 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DUR 0LJOLRUH GL %%

6FXGR GHOOD FURFH $5 J 0$5,196 *5,0$12 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ 5 $OYLVH 5HQLHU PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DUR %HOOD SDWLQD GL PHGDJOLHUH T 6SO ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

6FXGR GHOOD FURFH $5 J 0$5,196 *5,0$12 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) * )UDQFHVFR =XVWR PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DUR 0LJOLRUH GL %% ([ DVWD 9DUHVL $13% 3URYHQLHQWH GDOOD FROOH]LRQH =RSSROD

6FXGR GHOOD FURFH $5 J 0$5,196 *5,0$12 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ 7 $QGUHD 7UHYLVDQ PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DUR T 6SO

6FXGR GHOOD FURFH $5 J 0$5,196 *5,0$12 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR IRJOLD GL YLWH FRQ JDPER WUD GXH URVHWWH 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 3DWLQD LULGHVFHQWH T 6SO

0H]]R VFXGR GHOOD FURFH $5 J 0$5,196 *5,0$196 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * 9 *HURODPR 9HWWXUL PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 7RVDWR H FRQ WUDFFH GL RVVLGD]LRQH DO GU DOWULPHQWL T %%

'XFDWR GD VROGL $5 J 6 0 9(1( 0$5,1 *5,0$12 Â± '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR T 6SO

([ FROOH]LRQH *DYD]]L

'XFDWR GD VROGL $5 J 6 0 9(1( 0$5,1 *5,0$1 Â± '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 0LJOLRUH GL %%

0H]]R GXFDWR GD VROGL $5 J 6 0 9(1( 0$5,1 *5,0 '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR * 0 PDVVDUR VFRQRVFLXWR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DULVVLPR %% ([ DVWD 9DUHVL

%H]]R $5 J 0$5,196 *5,0 '9; &URFH SLVDQD 5Y 6$1& Â± 0$5& Â± 9(1( /HRQH DODWR JUDGLHQWH D V FRQ OD ]DPSD G VX OLEUR DSHUWR &1, 3DROXFFL (VWUHPDPHQWH UDUR %XRQ %%

([ DVWD 1$&

6HVLQR QXRYR 0LVW J 0$5,196 *5,0$12 '9; 9(1 &URFH SLVDQD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR &1, 3DROXFFL &RQVHUYD]LRQH HFFH]LRQDOH T )GF

0HGDJOLD GD OLUH SHU OÂ¶DOOHDQ]D FRQ LO FDQWRQH GHL *ULJLRQL $5 J 2SXV =XDQ *LDFRPR 9DOHULR R =XDQ %DWWLVWD 0D]]D ,O OHRQH GL 6 0DUFR JUDGLHQWH D V EUDQGLVFH OD VSDGD QHOOD ]DPSD DQWHULRUH G DOOÂ¶HVHUJR 5Y 6WHPPL DFFRVWDWL GHOOD /HJD *ULJLD D V GHOOD &DGLD DO FHQWUR H GHOOH 'LHFL *LXULVGL]LRQL D G 5,1 YRO ,9 SDJ 3DROXFFL ,, 0ROWR UDUD %HOOD SDWLQD GL PHGDJOLHUH 6SO

0HGDJOLD SHU OÂ¶DOOHDQ]D FRQ LO FDQWRQH GHL *ULJLRQL 3URYD LQ EURQ]R J ,O OHRQH GL 6 0DUFR JUDGLHQWH D V EUDQGLVFH OD VSDGD QHOOD ]DPSD DQWHULRUH G 5Y 6WHPPL DFFRVWDWL GHOOD /HJD *ULJLD D V GHOOD &DGLD DO FHQWUR H GHOOH 'LHFL *LXULVGL]LRQL D G 5,1 YRO ,9 QRQ UHSHUWRULDWD 0ROWR UDUD T %%

([ FROOH]LRQH =RSSROD DFTXLVWDWD GD ( 'RWWL SHU OLUH

/RWWR GL TXDWWRUGLFL PRQHWH 6FXGR GHOOD FURFH &1, 3DROXFFL 7UHQWDGXHVLPR GL VFXGR GD VROGL &1, 3DROXFFL 6HVLQR &1, YDU 3DROXFFL 4XDWWULQR &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D 0% D T 6SO

/HRQDUGR 'RQj GRJH ;&

=HFFKLQR $9 J /(21 '21$7 ± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR O¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 ± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR )RQGL OXFHQWL T )GF

0H]]R ]HFFKLQR $9 J /(2 '21 ± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR O¶DVWD ' 9 ; 5Y (*2 690 ± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR T 6SO

0H]]R ]HFFKLQR $9 J /(21 '21 ± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR O¶DVWD ' 9 ; 5Y (*2 690 ± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, YDU 3DROXFFL )ULHGEHUJ 5DUR %%

4XDUWR GL ]HFFKLQR $9 J /(21$5 ± '21$72 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR O¶DVWD ' 9 ; 5Y (*2 690 ± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

'RSSLR GXFDWR $9 J 6 0 9(1 /(21 '21$72 ± '9; 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y '9&$796 5(,39%/,& /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH VX OLEUR DSHUWR DOO¶HVHUJR ' ,, &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR /LHYH WUDFFLD GL SLHJDWXUD DOWULPHQWL EXRQ %% ([ DVWD 1$& 3URYHQLHQWH GDOOD FROOH]LRQH =RSSROD

'XFDWR $9 J 6 0 9(1 /(21 '21$7 Â± '9; 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y '9&$796 5(,39% /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH VX OLEUR DSHUWR DOOÂ¶HVHUJR WUH VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR %XRQ %%

([ DVWD )LQDUWH

0H]]R GXFDWR $9 J 6 0 9(1 /(21 '21$7 Â± '9; 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR 5Y 0(' '9& 5(,3 /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH VX OLEUR DSHUWR DOOÂ¶HVHUJR WUH VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR 0LJOLRUH GL 6SO ([ DVWD 1$&

4XDUWR GL ]HFFKLQR GÂ¶DUJHQWR $5 J /(21 '21$7 Â± 6 0 9(1(796 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; $OOÂ¶HVHUJR & = &RVWDQWLQR =RU]L PDVVDUR 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL (VWUHPDPHQWH UDUR 3DWLQD GL PHGDJOLHUH PLJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

6HGLFHVLPR GL VFXGR GD VROGL $5 J 6 0 9(1( /(21 '21$7 6 0DUFR QLPEDWR VHGXWR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR 6 & 6HEDVWLDQR &RQWDULQL PDVVDUR 5Y 0(025 (52 Â± 79, ,967,1$ 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH T 6SO ([ DVWD 6DQWDPDULD PDU]R 6LJQRUHOOL SDUWH 9

6HGLFHVLPR GL VFXGR GD VROGL $5 J 6 0 9(1 /(21 '21$72 6 0DUFR QLPEDWR VHGXWR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR & 3 &RVWDQWLQR 3DVTXDOLJR PDVVDUR 5Y 0(025 (52 Â± 79, ,967,1$ 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

7UHQWDGXHVLPR GL VFXGR GD VROGL $5 J 6 0 9(1( /(21 '21$7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR & 3 &RVWDQWLQR 3DVTXDOLJR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 0LJOLRUH GL %%

6FXGR GHOOD FURFH $5 J /(21$5 '21$72 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = 0 =XDQQH 0DUFHOOR PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO

6FXGR GHOOD FURFH $5 J /(21$5 '21$72 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR & = &RVWDQWLQR =RU]L PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH 6SO

6FXGR GHOOD FURFH $5 J /(21$5 '21$72 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR & 3 &RVWDQWLQR 3DVTXDOLJR PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, Â± 3DROXFFL 0ROWR UDUR %XRQ %%

([ DVWD 1$&

3HU TXHVWR PDVVDUR QRQ VRQR QRWH HPLVVLRQL GL VFXGL GHOOD FURFH DO &1,

0H]]R VFXGR GHOOD FURFH $5 J /(21 '21$72 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR & 3 &RVWDQWLQR 3DVTXDOLJR PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

'XFDWR GD VROGL $5 J 6 0 9(1(7 /(21 '21$7 Â± '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, YDU 3DROXFFL 0ROWR UDUR /HJJHUPHQWH PRVVD GL FRQLR DO GU DOWULPHQWL T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

0H]]R GXFDWR GD VROGL $5 J 6 0 9(1( /(21 '21$7 '9 ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOO HVHUJR 6 & 6HEDVWLDQR &RQWDULQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR )RQGL ULWRFFDWL DOWULPHQWL EXRQ %%

/RWWR GL VHL PRQHWH 2WWDYR GL VFXGR GD VROGL &1, 3DROXFFL 6HGLFHVLPR GL VFXGR GD VROGL &1, 3DROXFFL 6FXGR GHOOD FURFH &1, 3DROXFFL %H]]R &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D 0% D T 6SO 0DUFDQWRQLR 0HPPR GRJH ;&,

0H]]R ]HFFKLQR $9 J 0 $ 0(002 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR QHO FLUFD SHU OLUH

4XDUWR GL ]HFFKLQR $9 J 0 $1721 Â± 0(002 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

4XDUWR GL VFXGR GD OLUH R VROGL $5 J 6 0 9(1( 0 $172 0(002 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR $ & $QWRQLR &RQWDULQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9, 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, YDU 3DROXFFL (VWUHPDPHQWH UDUR (VHPSODUH GL JUDQGH UDULWj H LQ QRWHYROLVVLPR VWDWR GL FRQVHUYD]LRQH 3DWLQD GL PHGDJOLHUH WRQGHOOR LUUHJRODUH DOWULPHPWL PLJOLRUH GL 6SO ([ FROOH]LRQH FRQWH 'LQR /XFKHVFKL

2WWDYR GL VFXGR GD OLUD R VROGL $5 J 6 0 9 0 $17 0(002 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR $ & $QWRQLR &RQWDULQL PDVVDUR 5Y 0(025 (52 79, ,967,1 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR T %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

6FXGR GHOOD FURFH $5 J 0 $1721 0(002 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ 9 0DUFDQWRQLR 9HQLHU PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH T 6SO

6FXGR GHOOD FURFH $5 J 0 $1721 0(002 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 9 ( 9LQFHQ]R (PR PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH 6SO

6FXGR GHOOD FURFH $5 J 0 $1721 0(002 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR & * &DUOR *ULWWL PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 0LJOLRUH GL %%

0H]]R VFXGR GHOOD FURFH $5 J 0 $1721 0(002 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 9 ( 9LQFHQ]R (PR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR %% T %%

([ FROOH]LRQL 'H /D]DUD H *DYD]]L

/RWWR GL VHWWH PRQHWH 6ROGLQR &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D 0% D %%

*LRYDQQL %HPER GRJH ;&,,

=HFFKLQR $9 J ,2 %(0%2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR %XRQ %%

4XDUWR GL ]HFFKLQR $9 J ,2$1 Â± %(0%2 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR 0%

4XDUWR GL VFXGR GD OLUH R VROGL $5 J 6 0 9(1(7 ,2$1 %(0%2 ' 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR & * &DUOR *ULWWL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR %HOOD SDWLQD LULGHVFHQWH OHJJHUH WUDFFH GL SXOLWXUD DOWULPHQWL EXRQ %%

([ FROOH]LRQL 'H /D]DUD H *DYD]]L

6FXGR GHOOD FURFH $5 J ,2$11(6 %(0%2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR & * &DUOR *ULWWL PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH 6SO

6FXGR GHOOD FURFH $5 J ,2$11(6 %(0%2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR / 9 /HRQDUGR 9HQGUDPLQ PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 6SO

6FXGR GHOOD FURFH $5 J ,2$11(6 %(0%2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR , 0 ,DFRSR GD 0ROLQ PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, YDU 3DROXFFL 3DWLQD GL PHGDJOLHUH %%

0H]]R VFXGR GHOOD FURFH $5 J ,2$11(6 %(0%2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 3 % 3DROR %DOEL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO ([ FROOH]LRQH *DYD]]L DFTXLVWDWR GD 5 5DWWR QHO

4XDUWR GL VFXGR GHOOD FURFH $5 J ,2$11(6 %(0%2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR / 9 /HRQDUGR 9HQGUDPLQ PDVVDUR 5Y 6$1&796 0$5&96 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0LJOLRUH GL %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR QHO FLUFD SHU OLUH

6ROGLQR $5 J ,2$11(6 %(0%2 '9; &URFH IRJOLDWD H DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH 5Y 6$1&796 0$5& 9( /HRQH DODWR H QLPEDWR JUDGLHQWH D V &1, 3DROXFFL 5DULVVLPR T %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR QHO SHU OLUH

3URYD GHO EH]]R JUDQGH GL PLVWXUD 0LVW J ,2$11(6 %(0%2 '9; 9(1 &URFH JLJOLDWD H DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH 5Y 6 0$5& 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH D V FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VX OLEUR DSHUWR $OOÂ¶HVHUJR 69%',7259 &202',7 $7, &1, 3DROXFFL (VWUHPDPHQWH UDUR T 6SO

/RWWR GL TXDWWUR PRQHWH 6FXGR GHOOD FURFH &1, 3DROXFFL %H]]R &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D 0% D EXRQ %%

1LFROz 'RQj GRJH ;&,,,

=HFFKLQR $9 J 1,& '21$72 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9& ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR 7RQGHOOR OLHYHPHQWH RQGXODWR H DOFXQL VHJQHWWL VXO ERUGR DOWULPHQWL T 6SO ([ FROOH]LRQH %RUULQL HG DFTXLVWDWR GDO FRQWH =RSSROD SHU OD SURSULD UDFFROWD SULPD GHO SHU OLUH

4XDUWR GL VFXGR GHOOD FURFH $5 J 1,& '21$72 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 7 % 7RPDVR %UDJDGLQ PDVVDUR 5Y 6$1&796 0$5&96 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 0% $QWRQLR 3ULXOL GRJH ;&,9

=HFFKLQR $9 J $17 35,2/ Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR 6SO

0H]]R ]HFFKLQR $9 J $17 35, Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091' ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, YDU 3DROXFFL )ULHGEHUJ 5DUR T 6SO

0H]]R ]HFFKLQR $9 J $17 35, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091' ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR /LHYL RQGXOD]LRQL DOWULPHQWL EXRQ %%

([ FROOH]LRQH *DYD]]L

4XDUWR GL ]HFFKLQR $9 J $1721 Â± 35,2/2 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR T 6SO ([ FROOH]LRQH *DYD]]L

'RSSLD $9 J 6WHOOD $1721 35,2/ '9; 9(1(7,$5 &URFH RUQDWD H ILRULWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR DL ODWL 6 Â± &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUD 3LFFROL VHJQHWWL VXO ERUGR H OLHYHPHQWH RQGXODWR DOWULPHQWL T 6SO ([ FROOH]LRQH =RSSROD

0H]]D GRSSLD $9 J 6WHOOD $17 35,2/ '9; 9(1(7,$5 &URFH RUQDWD H ILRULWD 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUD 3URYHQLHQWH GD PRQWDWXUD DOWULPHQWL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWD GD 5 5DWWR QHO SHU OLUH

6FXGR GHOOD FURFH $5 J $1721 35,2/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * 5 *LDFRPR 5HQLHU PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 6SO ([ FROOH]LRQH *DYD]]L DFTXLVWDWR GD 3 3 6DQWDPDULD QHO

6FXGR GHOOD FURFH $5 J $1721 35,2/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 9 & 9LQFHQ]R &RUUHU PDVVDUR 5Y 6$1&796 0$5&96 9(1( /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0LJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

6FXGR GHOOD FURFH $5 J $1721 35,2/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR + = *HURODPR =RU]L PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH T 6SO

6FXGR GHOOD FURFH $5 J $1721 35,2/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = $ 9 =DQ $QWRQLR 9HQLHU PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL )RQGL EULOODQWL 6SO

0H]]R VFXGR GHOOD FURFH $5 J $1721 35,2/ '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * 5 *LDFRPR 5HQLHU PDVVDUR 5Y 6$1&796 0$5& 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, Â± FIU H VHJJ 3DROXFFL 3DWLQD GL PHGDJOLHUH PLJOLRUH GL %%

0H]]R VFXGR GHOOD FURFH $5 J $1721 35,2/ '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR & ' &DUOR 'RQj PDVVDUR 5Y 6$1&796 0$5&96 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO

4XDUWR GL VFXGR GHOOD FURFH $5 J $1721 35,2/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * 5 *LDFRPR 5HQLHU PDVVDUR 5Y 6$1&796 0$5& 9(1( /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 3DWLQD LULGHVFHQWH PLJOLRUH GL %%

([ FROOH]LRQH *DYD]]L

4XDUWR GL VFXGR GHOOD FURFH $5 J $1721 35,2/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR & ' &DUOR 'RQj PDVVDUR 5Y 6$1&7 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO

6HGLFHVLPR GL VFXGR GD VROGL $5 J 6 0 9(1 $17 35,2/ 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR 7 % 7RPDVR %UDJDGLQ PDVVDUR 5Y 0(025 (52 Â± 79, ,967,1$ 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH PLJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

'XFDWR GD VROGL $5 J 6 0 9(1(7 $17 35,2/ Â± '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 0LJOLRUH GL %% ([ DVWD 9DUHVL $13%

*D]]HWWD GD VROGL R EDJDWWLQL 0LVW J 6 0 9(1 $17 35,2/ ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 5Y '()(1625 Â± 1267(5 ,O 5HGHQWRUH QLPEDWR VWDQWH GL IURQWH EHQHGLFHQWH H FRQ LO 9DQJHOR QHOOD V &1, 3DROXFFL 5DULVVLPD T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

'D WRUQHVL R TXDUWR GL SHUSHUR SURYD 0LVW J $17ȍ1,26 2Ȇ3,2ȁ26 ǻ2<Ȅ 1HO FDPSR 7231(Ȉ,$ 73,$17$ ǻ<ȍ 5Y 2 $ī,2Ȉ 0$3.2Ȉ /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR &1, 3DROXFFL (VWUHPDPHQWH UDUD %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

'D WRUQHVL R VROGL SURYD 0LVW J $1721,96 35,2/96 '9; 9(1 1HO FDPSR URVHWWD 7251(6, 75(17$ URVHWWD 5Y 6$1796 0$5&96 /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR &1, 3DROXFFL 5DULVVLPD %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

'D WRUQHVL R VROGL FRQ OHJHQGD JUHFD 0LVW J $17ȍ1,26 2Ȇ3,2ȁ26 ǻ2<Ȅ 1HO FDPSR 7231(Ȉ,$ 73,$17$ URVHWWD 5Y 2 $ī,2Ȉ 0$3.2Ȉ /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR &1, 3DROXFFL 5DUD %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU

0HGDJOLD SHU O¶DOOHDQ]D FRQ OH 3URYLQFH XQLWH RODQGHVL RSXV :LOOHOP YDQ %\ODHU $5 GLDP PP 9ROWROLQD ,, 3DWLQD GL PHGDJOLHUH 6SO ([ DVWD %DOGZLQ

/RWWR GL GXH PRQHWH 0H]]R ]HFFKLQR &1, 3DROXFFL )ULHGEHUJ 4XDUWR GL ]HFFKLQR &1, ± 3DROXFFL )ULHGEHUJ 0HGLDPHQWH 0%

/RWWR GL QRYH PRQHWH 6FXGR GHOOD FURFH &1, 3DROXFFL 0H]]R VFXGR GHOOD FURFH &1, 3DROXFFL 4XDUWR GL VFXGR GHOOD FURFH &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL %H]]R GD EDJDWWLQL &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D 0% D PLJOLRUH GL %%

)UDQFHVFR &RQWDULQL GRJH ;&9

0H]]R ]HFFKLQR $9 J )5$ &217 Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091' ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR %%

0H]]R ]HFFKLQR $9 J )5$ &217 Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR &ROSHWWR QHO FDPSR DO GU DOWULPHQWL T %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

4XDUWR GL ]HFFKLQR $9 J )5$1& Â± &217$ 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR 2QGXOD]LRQL GHO WRQGHOOR DOWULPHQWL T %% ([ FROOH]LRQH *DYD]]L H =RSSROD DFTXLVWDWR GD * 0RUFKLR QHO SHU OLUH

'RSSLD $9 J 6WHOOD )5$1& &217$5(12 '9; 9(1(7 &URFH RUQDWD H ILRULWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR DL ODWL 6 Â± &1, 3DROXFFL )ULHGEHUJ 5DULVVLPD 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR SHU OLUH

0H]]D GRSSLD $9 J 6WHOOD )5$1& &217$5(12 '9; 9(1 &URFH RUQDWD H ILRULWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUD &ROSHWWR VXO ERUGR GHO UY DOWULPHQWL T 6SO ([ FROOH]LRQH *DYD]]L H =RSSROD

2WWDYR GL VFXGR GD OLUD R VROGL $5 J 6 0 9(1 )5$1& &217 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR , ' =XDQQH 'ROILQ PDVVDUR 5Y 0(025 (52 79, ,967,1$ 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR %XRQ %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

6HGLFHVLPR GL VFXGR GD VROGL $5 J 6 0 9 )5$1& &217 6 0DUFR QLPEDWR H EHQHGLFHQWH VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR , ' =XDQQH 'ROILQ PDVVDUR 5Y 0(025 (52 Â± 79, ,967,1 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 6SO ([ DVWD 1$&

6FXGR GHOOD FURFH $5 J )$1& &217$5 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = ' =XDQQH 'ROILQ PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 0LJOLRUH GL 6SO

6FXGR GHOOD FURFH $5 J )$1& &217$5 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR , % & =DQ %DWWLVWD &RQWDULQL PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO

6FXGR GHOOD FURFH $5 J )$1& &217$5 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) 0 )HULJR GD 0ROLQ &RQWDULQL PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 0LJOLRUH GL %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

0H]]R VFXGR GHOOD FURFH $5 J )$1& &217$5 '9; '9; &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = ' =XDQQH 'ROILQ PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, Â± FIU H VHJJ 3DROXFFL YDU $SSDUHQWHPHQWH LQHGLWR 0LJOLRUH GL %% 9DULDQWH LQHGLWD FRQ DO GU OD SDUROD '9; ULSHWXWD GXH YROWH

0H]]R VFXGR GHOOD FURFH $5 J )$1& &217 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR , % & =DQ %DWWLVWD &RQWDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR %HOOD SDWLQD GL PHGDJOLHUH T 6SO

0H]]R VFXGR GHOOD FURFH $5 J )$1& &217 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = % =DQ %DWWLVWD &RQWDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR %XRQ %%

4XDUWR GL VFXGR GHOOD FURFH $5 J )$1& &217 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR , % & =DQ %DWWLVWD &RQWDULQL PDVVDUR 5Y 6$1&7 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR %XRQ %% ([ FROOH]LRQH *DYD]]L

4XDUWR GL VFXGR GHOOD FURFH $5 J )$1& &217$5 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) 0 )HULJR GD 0ROLQ &RQWDULQL PDVVDUR 5Y 6$1&7 0$5& 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DUR 0LJOLRUH GL %%

'XFDWR GD VROGL $5 J 6 0 9(1 )5$1& &217 Â± '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DULVVLPR T 6SO ([ DVWH 1$& H 1$&

0H]]R GXFDWR GD VROGL $5 J 6 0 9(1 )5$1& &217 Â± '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR 0%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 5L]]LQL QHO SHU OLUH

/RWWR GL VHWWH PRQHWH 6FXGR GHOOD FURFH &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL %H]]R GD EDJDWWLQL &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D 0% D T 6SO

*LRYDQQL , &RUQHU GRJH ;&9,

0H]]R ]HFFKLQR $9 J ,2 &251 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091', ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR &ROSHWWR QHO FDPSR DO GU DOWULPHQWL T 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

4XDUWR GL ]HFFKLQR $9 J ,2$1 Â± &251 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR )RQGL OXFHQWL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

'RSSLD $9 J 6WHOOD ,2$1 &251(/ '9; 9(1( &URFH RUQDWD H ILRULWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR DL ODWL 6 Â± &1, 3DROXFFL )ULHGEHUJ 5DULVVLPD 6SO

'RSSLD $9 J 6WHOOD ,2$1 &251(/ '9; 9(1(7 &URFH RUQDWD H ILRULWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR DL ODWL 6 Â± &1, 3DROXFFL )ULHGEHUJ 5DULVVLPD 6SO

([ FROOH]LRQL 'H /D]DUD H *DYD]]L

0H]]D GRSSLD $9 J 6WHOOD ,2$1 &251(/ '9; 9(1(7 &URFH RUQDWD H ILRULWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUD %%

([ FROOH]LRQL 'H /D]DUD H *DYD]]L

2WWDYR GL VFXGR GD OLUD R VROGL $5 J 6 0 9(1 ,2 &251(/ 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR ) 0 )HULJR 0ROLQ PDVVDUR 5Y 0(025 (52 79, ,967,1 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 3DWLQD GL PHGDJOLHUH PLJOLRUH GL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

6HGLFHVLPR GL VFXGR GD VROGL $5 J 6 0 9 ,2 &251(/ 6 0DUFR QLPEDWR H EHQHGLFHQWH VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR $OOÂ¶HVHUJR ) 0 )HULJR 0ROLQ PDVVDUR 5Y 0(025 (52 Â± 79, ,967,1$ 6 *LXVWLQD VWDQWH FRQ SDOPD QHOOD G H WUDILWWD LQ VHQR GD SXJQDOH LQFRURQD FRQ OD V LO OHRQH DODWR DFFRYDFFLDWR $OOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

6FXGR GHOOD FURFH $5 J ,2$1 &251(/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) 0 )HULJR GD 0ROLQ &RQWDULQL PDVVDUR 5Y 6$1&796 0$5& 9(1( /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL %XRQ %%

6FXGR GHOOD FURFH $5 J ,2$1 &251(/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' 0 7RPDVR GD 0RVWR PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

6FXGR GHOOD FURFH $5 J ,2$1 &251(/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ ) $QGUHD )DOLHU PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUD VLJOD GL PDVVDUR %XRQ %% ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

6FXGR GHOOD FURFH $5 J ,2$1 &251(/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR , $ 0 =DQ $OYLVH 0LQRWR PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH 6SO

6FXGR GHOOD FURFH $5 J ,2$1 &251(/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * 3 *LDFRPR 3HVDUR PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO

6FXGR GHOOD FURFH $5 J ,2$1 &251(/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * 3 *LDFRPR 3HVDUR PDVVDUR 5Y 6$1&796 0$5& 9(1( /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO %XRQ %%

6FXGR GHOOD FURFH $5 J ,2$1 &251(/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * & *HURODPR &RQWDULQL PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUD VLJOD GL PDVVDUR 3DWLQD GL PHGDJOLHUH 6SO

0H]]R VFXGR GHOOD FURFH $5 J ,2$1 &251(/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) 0 )HULJR GD 0ROLQ &RQWDULQL PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

0H]]R VFXGR GHOOD FURFH $5 J ,2$1 &251(/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' 0 7RPDVR GD 0RVWR PDVVDUR 5Y 6$1&796 0$5& 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH T 6SO ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

0H]]R VFXGR GHOOD FURFH $5 J ,2$1 &251(/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ ) $QGUHD )DOLHU PDVVDUR 5Y 6$1&796 0$5& 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH 6SO

0H]]R VFXGR GHOOD FURFH $5 J ,2$1 &251(/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR , $ 0 =DQ $OYLVH 0LQRWR PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL %XRQ %% ([ DVWD 1$&

4XDUWR GL VFXGR GHOOD FURFH $5 J ,2$1 &251(/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) 0 )HULJR GD 0ROLQ &RQWDULQL PDVVDUR 5Y 6$1&796 0$5& 9( /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

4XDUWR GL VFXGR GHOOD FURFH $5 J ,2$1 &251(/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * 3 *LDFRPR 3HVDUR PDVVDUR 5Y 6$1&796 0$5& 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 6SO ([ FROOH]LRQH *DYD]]L

'XFDWR GD VROGL $5 J 6 0 9(1 ,2 &251(/ Â± '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

*D]]HWWD GD VROGL R EDJDWWLQL 0LVW J 6 0 9(1 ,2 &251(/ ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OO¶HVHUJR 5Y '()(1625 ± 1267(5 ,O 5HGHQWRUH QLPEDWR VWDQWH GL IURQWH EHQHGLFHQWH H FRQ LO 9DQJHOR QHOOD V &1, 3DROXFFL 5DULVVLPD &RQVHUYD]LRQH QRWHYROH SHU LO WLSR PLJOLRUH GL 6SO

'D WRUQHVL R VROGL SHU &DQGLD 0LVW J ,ȍ$1 .231+ȁ,262 ǻ2<Ȅ 1HO FDPSR 7231(Ȉ,$ (Ȅ+17$ 5Y 2 $ī,2Ȉ 0$3.2Ȉ 5Y /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR DOO¶HVHUJR ,,,, &1, 3DROXFFL 5DUD T 6SO

'D WRUQHVL R VROGL SHU &DQGLD 0LVW J ,ȍ$1 .231+ȁ,262 ǻ2<Ȅ 1HO FDPSR 7231(Ȉ,$ 73,$17$ 5Y 2 $ī,2Ȉ 0$3.2Ȉ 5Y /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR DOO¶HVHUJR ,, &1, 3DROXFFL 0ROWR UDUD %XRQ %%

'D WRUQHVL R VROGR SHU &DQGLD 0LVW J ,ȍ$1 .231+ȁ,262 ǻ2<Ȅ 1HO FDPSR 7ȍ31(Ȉ ǻ(.$Ȇ 5Y 2 $ī,2Ȉ 0$3.2Ȉ 5Y /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR DOO¶HVHUJR , &1, 3DROXFFL 0ROWR UDUD T %%

/RWWR GL XQGLFL PRQHWH 6FXGR GHOOD FURFH &1, 3DROXFFL 0H]]R VFXGR GHOOD FURFH &1, 3DROXFFL 4XDUWR GL VFXGR GHOOD FURFH &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL %H]]R GD EDJDWWLQL &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D WRUQHVL SHU &DQGLD &1, 3DROXFFL 'D 0% D T 6SO

1LFROz &RQWDULQL GRJH ;&9,,

'RSSLR ]HFFKLQR $9 J 1,& &217 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7 7 ;3( '$7 4 7 Â± 5(*,6 ,67( '9& ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH VHWWH D V RWWR D G XQD VRSUD LO FDSR HG XQD VRWWR L SLHGL &1, TXHVWD PRQHWD 3DROXFFL TXHVWD PRQHWD )ULHGEHUJ $SSDUHQWHPHQWH XQLFD T 6SO ([ DVWD 1$& 3URYHQLHQWL GDOOH FROOH]LRQL 'H /D]DUD H *DYD]]L 3HU TXHVWD PRQHWD QRQ VL DFFHWWDQR RIIHUWH GDOOÂ¶HVWHUR D PHQR FKH OÂ¶DFTXLUHQWH LQWHQGD PDQWHQHUH OD PRQHWD LQ ,WDOLD ULQXQFLDQGR D ULFKLHGHUH LO SHUPHVVR GÂ¶HVSRUWD]LRQH 7KLV FRLQ LV QRW HOLJLEOH IRU IRUHLJQ EX\HUV XQOHVV WKH\ LQWHQG WR NHHS WKH FRLQ LQ ,WDO\ ZLWKRXW DSSO\LQJ IRU H[SRUW OLFHQFH ,O SH]]R GD ]HFFKLQL FLWDWR LQ &1, H 3DSDGRSROL IX LYL LOOXVWUDWR FRQ GLVHJQR FKH ULXVFt PDODPHQWH ULSURGRWWR GL &DUOR .XQ] LO SULPR GLUHWWRUH GHO 0XVHR %RWWDFLQ GL 3DGRYD DOOD WDY 9,,, &1, H DOOD WDY /;,; 3DSDGRSROL q LOOXVWUDWR DQFKH LQ TXDVL WXWWH OH RSHUH FKH WUDWWDQR GHOOD PRQHWD]LRQH YHQH]LDQD HVVHQGR FRQVLGHUDWR FIU 3DSDGRSROL ,,, SDJ H SDJ LO SULPR YHUR PXOWLSOR GHOOR ]HFFKLQR DSSRVLWDPHQWH FRQLDWR H QRQ GHULYDWR GD XQ FRQLR XWLOL]]DWR SHU EDWWHUH PRQHWD GÂ¶DUJHQWR ,O 3DSDGRSROL OR YDOXWD OLUH FLIUD HOHYDWLVVLPD SHU OÂ¶HSRFD ,O *DPEHULQL FKH OR ULSURGXFH D SDJ OR YDOXWD Â£ HGL]LRQH OLUH D IURQWH SHU HVHPSLR GL OLUH GHO GXFDWR GL 0DULQ )DOLHUR (UQHVWR 6DQWDPDULD D IURQWH GL GHO GXFDWR GL 0DULQ )DOLHUR DSSDUWHQXWR DOOD VWHVVD FROOH]LRQH *DYD]]L SUHVHQWDWR LQ TXHVWR VWHVVR FDWDORJR DO Q 5DIIDHOH 3DROXFFL FKH OR ULSURGXVVH LO GLVHJQR QHOOD VXD RSHUD QRQ ULWHQQH GL SRWHUQH GDUH XQD YDOXWD]LRQH &HUWDPHQWH q WUD OH SL FHOHEUDWH PRQHWH GHOOD 5HSXEEOLFD HPHVVH WUD LO ;9, H LO ;9,,, VHFROR

4XDUWR GL ]HFFKLQR $9 J 1,&2/ Â± &217 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR T 6SO

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

'RSSLD $9 J 6WHOOD 1,&2/ &21 LQYHUVD 7$5 '9; 9(1( &URFH RUQDWD H ILRULWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR DL ODWL 6 Â± &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUD 0LJOLRUH GL 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

0H]]D GRSSLD $9 J 6WHOOD 1,&2/ &217$5 '9; 9(1 &URFH RUQDWD H ILRULWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUD 0LJOLRUH GL %%

6FXGR GHOOD FURFH $5 J 1,&2/ &217$5 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' % 'RPHQLFR %DVDGRQQD PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR %XRQ %%

6FXGR GHOOD FURFH $5 J 1,&2/ &217$5 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 9 0 8UEDQR 0DOLSLHUR PDVVDUR 5Y 6$1&796 0$5& 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR T 6SO

6FXGR GHOOD FURFH $5 J 1,&2/ &217$5 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 9 0 8UEDQR 0DOLSLHUR PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 0LJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

0H]]R VFXGR GHOOD FURFH $5 J 1,&2/ &217$5 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' % 'RPHQLFR %DVDGRQQD PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR *UDIILHWWL DO GU DOWULPHQWL %%

4XDUWR GL VFXGR GHOOD FURFH $5 J 1,&2/ &217$5 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' % 'RPHQLFR %DVDGRQQD PDVVDUR 5Y 6$1&796 0$5& 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR %XRQ %%

/RWWR GL VHWWH PRQHWH 0H]]R VFXGR GHOOD FURFH &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL %H]]R GD EDJDWWLQL &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D 0% D EXRQ %%

)UDQFHVFR (UL]]R GRJH ;&9,,,

=HFFKLQR $9 J )5$1& (5,==2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR 0LJOLRUH GL 6SO

([ FROOH]LRQH *DYD]]L

0H]]R ]HFFKLQR $9 J )5$1& (5,= Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, Â± FIU 3DROXFFL )ULHGEHUJ 0ROWR UDUR /LHYL RQGXOD]LRQL GHO WRQGHOOR DOWULPHQWL T 6SO

0H]]R ]HFFKLQR $9 J )5$ (5, Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR T 6SO

4XDUWR GL ]HFFKLQR $9 J )5$1& Â± (5,==2 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

'RSSLD $9 J 6WHOOD )5$1& (5,==2 '9; 9(1(7 &URFH RUQDWD H ILRULWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR DL ODWL 6 Â± &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUD 6SO ([ DVWD 1RPLVPD

'RSSLD $9 J 6WHOOD )5$1& (5,==2 '9; 9(1(7 &URFH RUQDWD H ILRULWD 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR DL ODWL 6 Â± &1, YDU 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUD /LHYL GHEROH]]H GL FRQLR DOWULPHQWL T 6SO EXRQ %%

7UHQWDGXHVLPR GL VFXGR GD VROGL $5 J 6 0 9 )5$1& (5,= 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 9 0 8UEDQR 0DOLSLHUR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

6FXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' 0 'RPHQLFR 0LFKLQL PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 3DWLQD GL PHGDJOHLUH 6SO ([ DVWD 9DUHVL $13%

6FXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = ' =XDQQH 'LHGR PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 6SO

6FXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ = $OYLVH =XVWR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

6FXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR % % %HUQDUGR %DOEL PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 6LJOD GL PDVVDUR PROWR UDUD 6SO ([ DVWD )LQDUWH

6FXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' % 'RQDWR %HPER PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 6SO ([ DVWD &D\RQ IHEEUDLR

6FXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' % 'RQDWR %HPER PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL )RQGL OXFHQWL PLJOLRUH GL 6SO

6FXGR GHOOD FURFH $5 J )5$1& (5,==2 '9' 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' % 'RQDWR %HPER PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, Â± 3DROXFFL YDU $SSDUHQWHPHQWH LQHGLWR 0LJOLRUH GL %% 4XHVWR HVHPSODUH UHFD DO GU SHU XQ HUURUH GL SUHSDUD]LRQH GHO FRQLR OD SDUROD '9; VWRUSLDWD LQ '9'

6FXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 9 9 9DOHULR 9DOLHU PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH T 6SO

6FXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 9 ' 9LQFHQ]R 'LHGR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL )RQGL OXFHQWL PLJOLRUH GL 6SO

6FXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * & *HURODPR &RQWDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL )RQGL OXFHQWL T 6SO

([ DVWD 5DXFK

6FXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 2 = 2WWDYLDQR =RU]L PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO

6FXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR / ) /XFD )DOLHU PDVVDUR 5Y 6$1&796 0$5& 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, Â± 3DROXFFL YDU 5DULVVLPR 0LJOLRUH GL %%

0DVVDUR QRQ UHSHUWRULDWR SHU JOL VFXGL GHOOD FURFH

0H]]R VFXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' 0 'RPHQLFR 0LFKLQL PDVVDUR 5Y 6$1&796 0$5&96 9(1( /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 6SO

0H]]R VFXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR % % %HUQDUGR %DOEL PDVVDUR 5Y 6$1&796 0$5&96 9(1( /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH VX IRQGL OXFHQWL 6SO

0H]]R VFXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * & *HURODPR &RQWDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 2 9LWDOLQL QHO SHU OLUH

0H]]R VFXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 2 = 2WWDYLDQR =RU]L PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO

4XDUWR GL VFXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 9 0 8UEDQR 0DOLSLHUR PDVVDUR 5Y 6$1&796 0$5& 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL %HOOD SDWLQD LULGHVFQWH T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

4XDUWR GL VFXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' 0 'RPHQLFR 0LFKLQL PDVVDUR 5Y 6$1&796 0$5& 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 6SO

4XDUWR GL VFXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 0$ 0 0DUFDQWRQLR 0DOLSLHUR PDVVDUR 5Y 6$1&796 0$5& 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL %XRQ %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

2WWDYR GL VFXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 0$ 0 0DUFDQWRQLR 0DOLSLHUR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

2WWDYR GL VFXGR GHOOD FURFH $5 J )5$1& (5,==2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR % % %HUQDUGR %DOEL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL T 6SO

'XFDWR GD VROGL $5 J 6 0 9(1 )5$1& (5,==2 '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 0$ 0 0DUFDQWRQLR 0DOLSLHUR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

'XFDWR GD VROGL $5 J 6 0 9(1 )5$1& (5,==2 Â± '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH PLJOLRUH GL %% ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

0H]]R GXFDWR GD VROGL $5 J 6 0 9(1 )5$1& (5,==2 '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 0$ 0 0DUFDQWRQLR 0DOLSLHUR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 6LJOD GL PDVVDUR PROWR UDUD T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

0H]]R GXFDWR GD VROGL $5 J 6 0 9(1 )5$1& (5,==2 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR % % %HUQDUGR %DOEL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO ([ DVWD 1$&

4XDUWR GL GXFDWR GD VROGL $5 J 6 0 9(1 )5$1& (5,==2 '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 0$ 0 0DUFDQWRQLR 0DOLSLHUR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR QHO FLUFD SHU OLUH

4XDUWR GL GXFDWR GD VROGL $5 J 6 0 9(1 )5$1& (5,==2 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR = 0 % =DQ 0DUFR %DOEL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T %%

2WWDYR GL GXFDWR GD VROGL H PH]]R $5 J 6 0 9 )5$1& (5, ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR = 0 % =DQ 0DUFR %DOEL PDVVDUR 5Y 0(025 (52 79, ,967, 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 5DUR T 6SO

2WWDYR GL GXFDWR GD VROGL H PH]]R $5 J 6 0 9 )5$1& (5, ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR = 0 % =DQ 0DUFR %DOEL PDVVDUR 5Y 0(025 (52 79, ,967 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 5DUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

'D VROGL $5 J )5$1& (5,==2 ' ,O GRJH FRQ YHVVLOOR JHQXIOHVVR D V H FRQ OR VJXDUGR ULYROWR YHUVR OÂ¶DOWR $OOÂ¶HVHUJR $ / $QGUHD /LSSRPDQR PDVVDUR 5Y 6$1&7 0$5& 9(1 /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR DOOÂ¶HVHUJR ;,, &1, 3DROXFFL 5DUD T %%

([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

/RWWR GL TXDWWUR PRQHWH 6FXGR GHOOD FURFH &1, 3DROXFFL 0H]]R VFXGR GHOOD FURFH &1, 3DROXFFL 4XDUWR GL VFXGR GHOOD FURFH &1, 3DROXFFL 'D T %% D T 6SO

/RWWR GL VHL PRQHWH 6FXGR GHOOD FURFH &1, 3DROXFFL 0H]]R VFXGR GHOOD FURFH &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D 0% D EXRQ %%

/RWWR GL VHWWH PRQHWH 6FXGR GHOOD FURFH &1, 3DROXFFL 0H]]R VFXGR GHOOD FURFH &1, 3DROXFFL 4XDUWR GL VFXGR GHOOD FURFH &1, 3DROXFFL 'D VROGL &1, 3DROXFFL %H]]R GD EDJDWWLQL &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D 0% D T 6SO

)UDQFHVFR 0ROLQ GRJH ;&,;

=HFFKLQR $9 J )5$1& 02/,12 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR 6SO

([ 9DUHVL DVWD

0H]]R ]HFFKLQR $9 J )5$1& 02/ Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR )RUR RUUXUDWR T 0% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH , PH]]L ]HFFKLQL GL TXHVWR GRJH VRQR QRWL LQ SRFKLVVLPL HVHPSODUL

4XDUWR GL ]HFFKLQR $9 J )5$1& Â± 02/,12 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR H LQ VWDWR GL FRQVHUYD]LRQH HFFH]LRQDOH T )GF ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

7UHQWDGXHVLPR GL VFXGR GD VROGL $5 J 6 0 9 )5$1& 02/ ' 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 3 * 3LHUR *ULWWL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

6FXGR GHOOD FURFH $5 J )5$1& 02/,12 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 0 % 0DULQR %ROG PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH EXRQ %%

6FXGR GHOOD FURFH $5 J )5$1& 02/,12 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = $ % =DQ $OYLVH %DWWDJLD PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL *UDIILWR QHO FDPSR DO UY DOWULPHQWL %%

6FXGR GHOOD FURFH $5 J )5$1& 02/,12 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = $ = =DQ $QWRQLR =RU]L PDVVDUR 5Y 6$1&796 0$5&96 9(1( /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, YDU 3DROXFFL T 6SO

6FXGR GHOOD FURFH $5 J )5$1& 02/,12 '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) 5 )UDQFHVFR GD 5LYD PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO ([ DVWD 9DUHVL $13%

6FXGR GHOOD FURFH $5 J )5$1& 02/,12 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) 5 )UDQFHVFR GD 5LYD PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 6SO

0H]]R VFXGR GHOOD FURFH $5 J )5$1& 02/,12 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 0 % 0DULQR %ROG PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH 6SO

0H]]R VFXGR GHOOD FURFH $5 J )5$1& 02/,12 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = $ = =DQ $QWRQLR =RU]L PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD LULGHVFHQWH 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

4XDUWR GL VFXGR GHOOD FURFH $5 J )5$1& 02/,12 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 0 % 0DULQR %ROG PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU SHU OLUH

4XDUWR GL VFXGR GHOOD FURFH $5 J )5$1& 02/,12 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) 5 )UDQFHVFR GD 5LYD PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DUR T 6SO

2WWDYR GL VFXGR GHOOD FURFH $5 J )5$1& 02/,12 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 3 * 3LHUR *ULWWL PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 5DUR 0LJOLRUH GL %%

'XFDWR GD VROGL $5 J 6 0 9(1 )5$1& 02/,12 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 0 % 0DULQR %ROG PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR %HOOD SDWLQD LULGHVFHQWH WUDFFH GL ULEDWWLWXUD DOWULPHQWL 6SO /D ULEDWWLWXUD SRWUHEEH HVVHUH DYYHQXWD VX XQR VFXGR GHOOD FURFH

0H]]R GXFDWR GD VROGL $5 J 6 0 9(1 )5$1& 02/,12 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 0 % 0DULQR %ROG PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DULVVLPR T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

4XDUWR GL GXFDWR GD VROGL $5 J 6 0 9 )5$1& 02/,12 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 0 % 0DULQR %ROG PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, Â± 3DROXFFL 5DULVVLPR %% 3HU TXHVWR PDVVDUR QRQ VRQR QRWH HPLVVLRQL GL TXDUWL GL GXFDWR FRQ 6DQWD *LXVWLQD DO &1,

2WWDYR GL GXFDWR GD VROGL H PH]]R $5 J 6 0 9 )5$1& 02/ ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR = $ = =DQ $QWRQLR =RU]L PDVVDUR 5Y 0(025 (52 79, ,967 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR Ã² &1, Â± 3DROXFFL 0ROWR UDUR 0LJOLRUH GL %% 3HU TXHVWR PDVVDUR QRQ VRQR QRWH HPLVVLRQL GL RWWDYL GL GXFDWR FRQ 6DQWD *LXVWLQD DO &1,

6ROGR GD EDJDWWLQL GL GRSSLR SHVR 0LVW J 6 0 9( )5$1& 02/ ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 5Y '()(1625 Â± 1267(5 ,O 5HGHQWRUH QLPEDWR VWDQWH GL IURQWH EHQHGLFHQWH H FRQ LO 9DQJHOR QHOOD V &1, Â± FIU SHU LO WLSR 3DROXFFL Â± 5DULVVLPR T %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

*D]]HWWD SHU &DQGLD VHFRQGR WLSR 0LVW J )5$1& 02/,12 '9 )LJXUD PXOLHEUH FRURQDWD VHGXWD GL IURQWH FRQ FRUQR GXFDOH QHOOD G H VFHWWUR QHOOD V LQ EDVVR D V OHRQH DFFRYDFFLDWR $OO HVHUJR = $ 6 =DQ $QWRQLR 6HPLWHFROR PDVVDUR 5Y 6$1&7 0$5& 9( ,O /HRQH DODWR H QLPEDWR GL IURQWH FRQ VSDGD QHOOD ]DPSD G H OD V DSSRJJLDWD VXO OLEUR DSHUWR DOOÂ¶HVHUJR ,, &1, 3DROXFFL (VWUHPDPHQWH UDUD %

/RWWR GL VHWWH PRQHWH 6FXGR GHOOD FURFH &1, 3DROXFFL 0H]]R VFXGR GHOOD FURFH &1, 3DROXFFL 4XDUWR GL VFXGR GHOOD FURFH &1, 3DROXFFL 6ROGR &1, 3DROXFFL %H]]R GD EDJDWWLQL &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D 0% D T 6SO

&DUOR &RQWDULQL GRJH &

=HFFKLQR $9 J &$52/ &217$ Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$7 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR &RQVHUYD]LRQH HFFH]LRQDOH T )GF

4XDUWR GL ]HFFKLQR $9 J &$52/ Â± &217$ 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQX IOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR %XRQ %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

7UHQWDGXHVLPR GL VFXGR GD VROGL $5 J 6 0 9 &$52/ &217 ' 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR * % = *LDQ %DWWLVWD =RU]L PDVVDUR 5Y 0(025 (52 Â± 79, ,967 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR 0LJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

6FXGR GHOOD FURFH $5 J &$52/ &217$5 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * % = *LDQ %DWWLVWD =RU]L PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR (YLGHQWL WUDFFH GL ULEDWWLWXUD DOWULPHQWL 6SO ([ DVWD 1$& SDUWH GL XQ ORWWR 3URYHQLHQWH GDOOD FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU FLUFD SHU OLUH

0H]]R VFXGR GHOOD FURFH $5 J &$52/ &217$5 '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * % = *LDQ %DWWLVWD =RU]L PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR 3DWLQD GL PHGDJOLHUH WUDFFH GL ULEDWWLWXUD DOWULPHQWL 6SO ([ DVWD 1$& SDUWH GL XQ ORWWR 3URYHQLHQWH GDOOD FROOH]LRQH =RSSROD DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

4XDUWR GL VFXGR GHOOD FURFH $5 J &$52/ &217$5 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * % = *LDQ %DWWLVWD =RU]L PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 3DWLQD GL PHGDJOLHUH WUDFFH GL ULEDWWLWXUD DOWULPHQWL 6SO ([ DVWD 1$& SDUWH GL XQ ORWWR 3URYHQLHQWH GDOOH FROOH]LRQL 'H /D]DUD H *DYD]]L

2WWDYR GL VFXGR GHOOD FURFH $5 J &$52/ &217$5 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * % = *LDQ %DWWLVWD =RU]L PDVVDUR 5Y 6$1&796 0$5&96 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 5DULVVLPR 0LJOLRUH GL %% ([ DVWD 1$& SDUWH GL XQ ORWWR 3URYHQLHQWH GDOOH FROOH]LRQL 'H /D]DUD H *DYD]]L

4XDUWR GL GXFDWR GD VROGL $5 J 6 0 9 &$52/ &21 '9 ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR * % = *LDQ %DWWLVWD =RU]L PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR 0% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

2WWDYR GL GXFDWR GD VROGL H PH]]R $5 J 6 0 9 &$52/ &217 '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR * % = *LDQ %DWWLVWD =RU]L PDVVDUR 5Y 0(025 (52 79, ,96 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR Ã² &1, 3DROXFFL (VWUHPDPHQWH UDUR 7RVDWR DOWULPHQWL T %%

/RWWR GL GXH PRQHWH 6ROGR &1, 3DROXFFL %H]]R GD EDJDWWLQL &1, 3DROXFFL 0HGLDPHQWH T %%

)UDQFHVFR &RUQHU GRJH &,

4XDUWR GL ]HFFKLQR $9 J )5$1& Â± &251(/ 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ D (VWUHPDPHQWH UDUR 7RQGHOOR IHVVXUDWR DOWULPHQWL %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L /H PRQHWH GL TXHVWR GRJH LO FXL GRJDGR GXUz DSSHQD GLFLDQQRYH JLRUQL VRQR WXWWH UDULVVLPH VH QRQ QRWH LQ SRFKL HVHPSODUL

7UHQWDGXHVLPR GL VFXGR GD VROGL $5 J 6 0 9 )5$1& &251 ' 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ) & )UDQFHVFR &RUQHU PDVVDUR 5Y 0(025 (52 Â± 79, ,967 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR %XRQ %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

4XDUWR GL VFXGR GHOOD FURFH $5 J )5$1& &251(/ '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) & )UDQFHVFR &RUQHU PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR 0% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

2WWDYR GL VFXGR GHOOD FURFH $5 J )5$1& &251(/ '9; 9( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) & )UDQFHVFR &RUQHU PDVVDUR 5Y 6$1&796 0$5& 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL (VWUHPDPHQWH UDUR T %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

4XDUWR GL GXFDWR GD VROGL $5 J 6 0 9(1 )5$1& &251(/ ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR ) & )UDQFHVFR &RUQHU PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9, 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR 7UDFFH GL DSSLFFDJQROR DELOPHQWH ULPRVVR DOWULPHQWL PLJOLRUH GL %%

([ FROOH]LRQL 'H /D]DUD H *DYD]]L

6ROGR GD EDJDWWLQL 0LVW J 6 0 9 )5$1& &2251 ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 5Y '()(1625 Â± 1267(5 ,O 5HGHQWRUH QLPEDWR VWDQWH GL IURQWH EHQHGLFHQWH H FRQ LO 9DQJHOR QHOOD V &1, 3DROXFFL 0ROWR UDUR T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0RUFKLR FLUFD SHU OLUH

%HUWXFFL 9DOLHU GRJH &,,

=HFFKLQR $9 J %(57 9$/(5 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR &RQVHUYD]LRQH HFFH]LRQDOH T )GF

0H]]R ]HFFKLQR $9 J %(57 9$/ Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR &ROSHWWR VXO YROWR GHO 5HGHQWRUH DOWULPHQWL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

4XDUWR GL ]HFFKLQR $9 J %(79& Â± 9$/(5 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

7UHQWDGXHVLPR GL VFXGR GD VROGL $5 J 6 0 9 %(57 9$/(5 ' 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ) & )UDQFHVFR &RUQHU PDVVDUR 5Y 0(025 (52 79, ,967 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR %XRQ %% ([ FROOH]LRQH %HWWLQHOOL HG FROOH]LRQH =RSSROD DFTXLVWDWR QHO SHU OLUH

6FXGR GHOOD FURFH $5 J %(579& 9$/(5,2 '9; 9( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) & )UDQFHVFR &RUQHU PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR T 6SO ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

0H]]R VFXGR GHOOD FURFH $5 J %(579& 9$/(5,2 '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) & )UDQFHVFR &RUQHU PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 0% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

4XDUWR GL VFXGR GHOOD FURFH $5 J %(579& 9$/(5,2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) & )UDQFHVFR &RUQHU PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR &RQVXHWH WUDFFH GL ULEDWWLWXUD DOWULPHQWL T 6SO ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

2WWDYR GL VFXGR GHOOD FURFH $5 J %(579& 9$/(5,2 ' 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR % 9 %HUQDUGLQR 9L]]DPDQR PDVVDUR 5Y 6$1&796 0$5&96 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

'XFDWR GD VROGL $5 J 6 0 9(1 %(57 9$/(5 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR ) & )UDQFHVFR &RUQHU PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DULVVLPR /LHYHPHQWH PRVVR GL FRQLR DO GU DOWULPHQWL 6SO

'D VROGL $5 J %(579& Â± 9$/(5,2 ' ,O GRJH FRQ YHVVLOOR JHQXIOHVVR D V H FRQ OR VJXDUGR ULYROWR YHUVR OÂ¶DOWR $OOÂ¶HVHUJR % 9 %HUQDUGLQR 9L]]DPDQR PDVVDUR 5Y 6$1&7 0$5& 9(1 /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR DOOÂ¶HVHUJR ;,, &1, 3DROXFFL 5DUD T 6SO

'RSSLR EDJDWWLQR 0LVW %(57 9$/(5,2 ' &URFH SDWHQWH DFFDQWRQDWD GD VWHOOH 5Y 6$1&7 0$5& 9 7HVWD GL 6 0DUFR GL IURQWH &1, YDU 3DROXFFL 5DULVVLPR T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU FLUFD SHU OLUH

/RWWR GL VHL PRQHWH 4XDUWR GL GXFDWR GD VROGL &1, YDU 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 6ROGR &1, YDU 3DROXFFL %H]]R GD EDJDWWLQL &1, 3DROXFFL 'D 0% D T %% *LRYDQQL 3HVDUR GRJH &,,,

=HFFKLQR $9 J ,2$1 3,6$952 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR T 6SO

0H]]R ]HFFKLQR $9 J ,2 3,6$95 Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR 7RQGHOOR RQGXODWR DOWULPHQWL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

4XDUWR GL ]HFFKLQR $9 J ,2$11(6 Â± 3,6$952 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

7UHQWDGXHVLPR GL VFXGR GD VROGL $5 J 6 0 9(1 ,2 3,6$952 ' 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR % 9 %HUQDUGLQR 9L]]DPDQR PDVVDUR 5Y 0(025 (52 79, ,967 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

6FXGR GHOOD FURFH $5 J ,2$11(6 3,6$952 '9; 9( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR % 9 %HUQDUGLQR 9L]]DPDQR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

0H]]R VFXGR GHOOD FURFH $5 J ,2$11(6 3,6$952 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR % 9 %HUQDUGLQR 9L]]DPDQR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR %HOOD SDWLQD GL PHGDJOLHUH WUDFFH GL ULEDWWLWXUD DOWULPHQWL 6SO

4XDUWR GL VFXGR GHOOD FURFH $5 J ,2$11(6 3,6$952 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR % 9 %HUQDUGLQR 9L]]DPDQR PDVVDUR 5Y 6$1&796 0$5&96 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR %XRQ %%

2WWDYR GL VFXGR GHOOD FURFH $5 J ,2$11(6 3,6$952 ' 9( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 1 & 1LFROz &RQWDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL (VWUHPDPHQWH UDUR 3DWLQD GL PHGDJOLHUH EXRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

'XFDWR GD VROGL $5 J 6 0 9(1 ,2$1 3,6$952 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR % 9 %HUQDUGLQR 9L]]DPDQR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR %% ([ FROOH]LRQH *DYD]]L DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

0H]]R GXFDWR GD VROGL $5 J 6 0 9(1 ,2$1 3,6$952 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR % 9 %HUQDUGLQR 9L]]DPDQR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9, 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

4XDUWR GL GXFDWR GD VROGL $5 J 6 0 9(1 ,2$1 3,6$952 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR % 9 %HUQDUGLQR 9L]]DPDQR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR T %%

2WWDYR GL GXFDWR GD VROGL H PH]]R $5 J 6 0 9(1 ,2$1 3,6$952 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR % 9 %HUQDUGLQR 9L]]DPDQR PDVVDUR 5Y 0(025 (52 79, ,967 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR Ã² &1, 3DROXFFL (VWUHPDPHQWH UDUR /HJJHUPHQWH WRVDWR 0% ([ FROOH]LRQH *DYD]]L

/RWWR GL VHWWH PRQHWH 'D VROGL &1, 3DROXFFL 'D VROGL &1, YDU 3DROXFFL 6ROGR &1, 3DROXFFL %H]]R GD EDJDWWLQL &1, 3DROXFFL 'D 0% D T %% 'RPHQLFR &RQWDULQL GRJH &,9

=HFFKLQR $9 J '20,1 &21 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ )RQGL OXFHQWL PLJOLRUH GL 6SO

=HFFKLQR $9 J '20,1 &217 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, YDU 3DROXFFL )ULHGEHUJ %XRQ %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

=HFFKLQR FRQ FRQWURPDUFD WXUFD $9 J '20,1 &217 Â± 6 0 9(1(79 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ )RQGL OXFHQWL PLJOLRUH GL 6SO

=HFFKLQR FRQ FRQWURPDUFD WXUFD $9 J '20,1 &217 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ )HVVXUD]LRQH GHO WRQGHOOR %%

0H]]R ]HFFKLQR $9 J '20 &217 Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR 6SO

0H]]R ]HFFKLQR $9 J '20,1 &21 Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

4XDUWR GL ]HFFKLQR $9 J '20,1 Â± &217$5 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

6HGLFHVLPR GL VFXGR GD VROGL $5 J 6 0 9 '20,1 &217 ' 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR % % %HQHGHWWR %DOEL PDVVDUR 5Y 0(025 (52 Â± 79, ,967 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

7UHQWDGXHVLPR GL VFXGR GD VROGL $5 J 6 0 9(1 '20,1 &217 ' 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 0 $ 6 0DUFR $XUHOLR 6RUDQ]R PDVVDUR 5Y 0(025 (52 79, ,967 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR %% ([ FROOH]LRQH %HWWLQHOOL HG FROOH]LRQH =RSSROD DFTXLVWDWR QHO SHU OLUH

6FXGR GHOOD FURFH $5 J '20,1,& &217$5 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * ' *HURODPR 'DQGROR PDVVDUR 5Y 6$1&796 0$5&96 9(1( /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 6SO ([ FROOH]LRQH *DYD]]L

6FXGR GHOOD FURFH $5 J '20,1,& &217$5 '9; 9(1(79 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * 5 *LDFRPR 5LYD PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO ([ DVWH 9DUHVL H 9DUHVL $13%

6FXGR GHOOD FURFH $5 J '20,1,& &217$5 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ ' $QJHOR 'ROILQ PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL &RQVXHWH WUDFFH GL ULEDWWLWXUD DO UY DOWULPHQWL T 6SO

6FXGR GHOOD FURFH $5 J '20,1,& &217$5 '9; 9(1(79 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 0 9 0DULQR 9L]]DPDQR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL &RQVXHWH WUDFFH GL ULEDWWLWXUD DOWULPHQWL 6SO

6FXGR GHOOD FURFH $5 J '20,1,& &217$5 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * / *DEULHOH /RPEDUGR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO

0H]]R VFXGR GHOOD FURFH $5 J '20,1,& &217$5 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * ' *HURODPR 'DQGROR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DUR T 6SO

0H]]R VFXGR GHOOD FURFH $5 J '20,1,& &217$5 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * 5 *LDFRPR 5LYD PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD LULGHVFHQWH T 6SO

4XDUWR GL VFXGR GHOOD FURFH $5 J '20,1,& &217$5 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * / *DEULHOH /RPEDUGR PDVVDUR 5Y 6$1&796 0$5& 9(1( /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

4XDUWR GL VFXGR GHOOD FURFH $5 J '20,1,& &217$5 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ 3 PDVVDUR VFRQRVFLXWR 5Y 6$1&796 0$5& 9(1( /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO

2WWDYR GL VFXGR GHOOD FURFH $5 J '20,1,& &217$5 ' 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 0 $ 6 0DUFR $XUHOLR 6RUDQ]R PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH T 6SO ([ DVWD 1$&

'XFDWR GD VROGL $5 J 6 0 9(1 '20,1 &217 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 0 $ 6 0DUFR $XUHOLR 6RUDQ]R PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 0LJOLRUH GL %% ([ DVWD 9DUHVL

'XFDWR GD VROGL $5 J 6 0 9(1 '20,1 &21 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR * ' *HURODPR 'DQGROR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 7UDFFLD GL OLPDWXUD VXO FRQWRUQR DOWULPHQWL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

'XFDWR GD VROGL $5 J 6 0 9(1 '20,1 &21 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR ' * 'RPHQHJR *ULWWL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL %XRQ %%

0H]]R GXFDWR GD VROGL $5 J 6 0 9(1 '20,1 &21 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR * ' *HURODPR 'DQGROR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR %%

4XDUWR GL GXFDWR GD VROGL $5 J 6 0 9(1 '20,1 &217 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 0 $ 6 0DUFR $XUHOLR 6RUDQ]R PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR %XRQ %%

'XFDWR QXRYR R GXFDWHOOR $5 J 6 0 9(1 '20,1 &217 '9; 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ ' $QJHOR 'ROILQ PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL %XRQ %%

'XFDWR QXRYR R GXFDWHOOR $5 J 6 0 9(1 '20,1 &217 '9; 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR / 3 /RUHQ]R 3LVDQL PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 6SO

'XFDWR QXRYR R GXFDWHOOR $5 J 6 0 9(1 '20,1 &217 '9; 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR = 4 =XDQQH 4XHULQL PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL )RQGL OXFHQWL PLJOLRUH GL 6SO

0H]]R GXFDWR QXRYR $5 J 6 0 9(1 '20,1 &217 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ ' $QJHOR 'ROILQ PDVVDUR 5Y 0(', '9&$7 9(1( /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL %%

4XDUWR GL GXFDWR QXRYR $5 J 6 0 9 '20,1 &217 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ ' $QJHOR 'ROILQ PDVVDUR 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL %% ([ FROOH]LRQH *DYD]]L

6ROGR GD EDJDWWLQL GL GRSSLR SHVR 0LVW J 6 0 9 '20 &21 ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 5Y '()(16 Â± 1267(5 ,O 5HGHQWRUH QLPEDWR VWDQWH GL IURQWH EHQHGLFHQWH H FRQ LO 9DQJHOR QHOOD V &1, 3DROXFFL Â± 5DULVVLPR T 0% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

/RWWR GL RWWR PRQHWH 0H]]R VFXGR GHOOD FURFH &1, 3DROXFFL 4XDUWR GL VFXGR GHOOD FURFH &1, 3DROXFFL 0H]]R GXFDWR GD VROGL &1, 3DROXFFL 2WWDYR GL GXFDWR GD VROGL H PH]]R &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 6ROGR &1, 3DROXFFL 'D 0% D %%

/RWWR GL VHL PRQHWH 0H]]R VFXGR GHOOD FURFH &1, 3DROXFFL 4XDUWR GL VFXGR GHOOD FURFH &1, 3DROXFFL 2WWDYR GL VFXGR GHOOD FURFH &1, 3DROXFFL 'XFDWR QXRYR &1, 3DROXFFL 0H]]R GXFDWR QXRYR &1, 3DROXFFL %H]]R GD EDJDWWLQL &1, 3DROXFFL 'D T %% D PLJOLRUH GL %% 1LFROz 6DJUHGR GRJH &9

=HFFKLQR $9 J 1,&2/ 6$*5('2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR T 6SO

=HFFKLQR $9 J 1,&2 6$*5('2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR /LHYL RQGXOD]LRQL DOWULPHQWL T 6SO

4XDUWR GL ]HFFKLQR $9 J 1,&2/ Â± 6$*5('2 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR *UDIILHWWL DO GU DOWULPHQWL EXRQ %%

6FXGR GHOOD FURFH $5 J 1,&2/$96 6$*5( '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 3 = Â&#x192; 3LHWUR =DJXUL Â&#x192; PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR 6SO ([ DVWD 1$& SDUWH GL XQ ORWWR

6FXGR GHOOD FURFH $5 J 1,&2/$96 6$*5( '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = 3 =XDQQH 3ULXOL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR T 6SO ([ DVWD 1$& SDUWH GL XQ ORWWR 3URYHQLHQWH GDOOD FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

0H]]R VFXGR GHOOD FURFH $5 J 1,&2/$96 6$*5( '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 3 = Â&#x192; 3LHWUR =DJXUL Â&#x192; PDVVDUR 5Y 6$1&796 0$5&96 9(1 LQYHUVD (7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR %XRQ %%

([ DVWD 1$& SDUWH GL XQ ORWWR

4XDUWR GL VFXGR GHOOD FURFH $5 J 1,&2/$96 6$*5( '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 3 = Â&#x192; 3LHWUR =DJXUL Â&#x192; PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 3DWLQD GL PHGDJOLHUH %% ([ DVWD 1$& SDUWH GL XQ ORWWR 3URYHQLHQWH GDOOD FROOH]LRQH =RSSROD DFTXLVWDWR GDO SURI 5L]]LQL QHO SHU OLUH

2WWDYR GL VFXGR GHOOD FURFH $5 J 1,&2/ 6$*5( '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 3 = Â&#x192; 3LHWUR =DJXUL Â&#x192; PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 5DULVVLPR /LHYHPHQWH WRVDWR %% ([ DVWD 1$& SDUWH GL XQ ORWWR 3URYHQLHQWH GDOOD FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

'XFDWR $5 J 6 0 9 1,&2/$ 6$*5('2 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ = $XJXVWLQ =ROLR PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 5DULVVLPR 0%

0H]]R GXFDWR $5 J 6 0 9 1,&2/$ 6$*5('2 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 3 / 3LHUR /LRQ PDVVDUR 5Y 0(', '9&$7 9(1(79 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 5DULVVLPR )RUR RWWXUDWR % ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

4XDUWR GL GXFDWR $5 J 6 0 9 1, 6$*5('2 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ = $XJXVWLQ =ROLR PDVVDUR 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 5DULVVLPR %%

/LUHWWD $5 J 1,&2/$96 Â± 6$*5 ' ,O GRJH JHQXIOHVVR D G LQ DGRUD]LRQH GHOOÂ¶LPPDJLQH GHOOD %HDWD 9HUJLQH FRO %DPELQR IUD OH QXEL DOOÂ¶HVHUJR ;; 5Y ,967,7,$0 ',/,*,7( /D *LXVWL]LD VWDQWH GL IURQWH FRQ VSDGD QHOOD G H ELODQFLD QHOOD V LQ EDVVR D G OHRQH QLPEDWR DFFRYDFFLDWR $OOÂ¶HVHUJR * ' *LXOLR 'RQj PDVVDUR &1, 3DROXFFL 5DUD %XRQ %%

0H]]D OLUHWWD $5 J 1,&2/$96 Â± 6$*5('2 ,O GRJH JHQXIOHVVR D G LQ DGRUD]LRQH GHOOÂ¶LPPDJLQH GHOOD %HDWD 9HUJLQH FRO %DPELQR IUD OH QXEL DOOÂ¶HVHUJR ; 5Y ,967,7,$0 ',/,*,7( /D *LXVWL]LD VWDQWH GL IURQWH FRQ VSDGD QHOOD G H ELODQFLD QHOOD V LQ EDVVR D G OHRQH QLPEDWR DFFRYDFFLDWR $OOÂ¶HVHUJR * ' *LXOLR 'RQj PDVVDUR &1, 3DROXFFL 5DUD %XRQ %%

'RSSLR EDJDWWLQR 0LVW 1,&2/ 6$*5('2 ' &URFH SDWHQWH DFFDQWRQDWD GD VWHOOH 5Y 6$1&7 0$5& 9 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL (VWUHPDPHQWH UDUR &RQVHUYD]LRQH HFFH]LRQDOH SHU TXHVWD HPLVVLRQH 6SO

/RWWR GL TXDWWUR PRQHWH 0H]]D OLUHWWD &1, 3DROXFFL 6ROGR &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 0HGLDPHQWH T %% $OYLVH &RQWDULQL GRJH &9,

=HFFKLQR $9 J $/2<6,96 &217 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 6SO

([ DVWD 0RQWHQDSROHRQH

=HFFKLQR FRQ FRQWURPDUFD WXUFD $9 J $/2<6,96 &217 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

0H]]R ]HFFKLQR $9 J $/2<6 &2 Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR %%

([ DVWD 1RPLVPD

4XDUWR GL ]HFFKLQR $9 J $/2<6, Â± &217$ 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR ,PSHUFHWWLELOH IHQGLWXUD GHO WRQGHOOR DOWULPHQWL T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

6FXGR GHOOD FURFH GL GRSSLR SHVR $5 J $/2<6,96 &217$5( '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * = *HURODPR =RU]L PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL SHU OR VFXGR (VWUHPDPHQWH UDUR &ROSHWWL VXO ERUGR DOWULPHQWL EXRQ %%

([ DVWD 0 0

6FXGR GHOOD FURFH $5 J $/2<6,96 &217$5 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 6 % 6HEDVWLDQR %DGRHU R 6WHIDQR %DUEDUR PDVVDUL 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO

6FXGR GHOOD FURFH $5 J $/2<6,96 &217$5( '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 0 4 0DUFKLR 4XHULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 0LQLPD WUDFFLD GL RVVLGD]LRQH DO GU DOWULPHQWL T 6SO

6FXGR GHOOD FURFH $5 J $/2<6,96 &217$5( '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * = *HURODPR =RU]L PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR &ROSHWWL VXO WDJOLR DOWULPHQWL T 6SO ([ DVWD 9DUHVL $13%

0H]]R VFXGR GHOOD FURFH $5 J $/2<6,96 &217$5 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 0 4 0DUFKLR 4XHULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR %XRQ %%

4XDUWR GL VFXGR GHOOD FURFH $5 J $/2<6,96 &217$5 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 0 4 0DUFKLR 4XHULQL PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR %XRQ %%

2WWDYR GL VFXGR GHOOD FURFH $5 J $/2<6,96 &217$5 '9; 9( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * 0 *HURODPR 0DUFHOOR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 5DUR %XRQ %%

'XFDWRQH GD VROGL $5 J 6 0 9(1 $/2<6,96 &217 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR $ = $XJXVWLQ =ROLR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 7UDFFLD GL PRQWDWXUD 0%

'XFDWR $5 J 6 0 9 $/2<6,96 &217 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 3 / 3LHUR /LRQ PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL T 6SO

'XFDWR $5 J 6 0 9 $/2<6,96 &217 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 6 % 6HEDVWLDQR %DGRHU R 6WHIDQR %DUEDUR PDVVDUL 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL %XRQ %%

'XFDWR $5 J 6 0 9 $/2<6,96 &217 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 1 ' 1LFROz 'RQj PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 6SO

0H]]R GXFDWR $5 J 6 0 9 $/2<6, &21 LQYHUVD ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 3 0 3LHUR 0DOLSLHUR PDVVDUR 5Y 0(', '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, Â± 3DROXFFL )RQGL VSHFXODUL H FRQVHUYD]LRQH HFFH]LRQDOH T )GF

0H]]R GXFDWR $5 J 6 0 9 $/2<6, &21 LQYHUVD 7 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ = $XJXVWLQ =ROLR PDVVDUR 5Y 0(', '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH T 6SO ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

4XDUWR GL GXFDWR $5 J 6 0 9 $/2<6,96 &21 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ = $XJXVWLQ =ROLR PDVVDUR 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP SHU OLUH

/LUHWWD $5 J $/2<6,96 Â± &217 ' ,O GRJH JHQXIOHVVR D G LQ DGRUD]LRQH GHOOÂ¶LPPDJLQH GHOOD %HDWD 9HUJLQH FRO %DPELQR IUD OH QXEL DOOÂ¶HVHUJR ;; 5Y ,967,7,$0 ',/,*,7( /D *LXVWL]LD VWDQWH GL IURQWH FRQ VSDGD QHOOD G H ELODQFLD QHOOD V LQ EDVVR D G OHRQH QLPEDWR DFFRYDFFLDWR $OOÂ¶HVHUJR 6 % 6HEDVWLDQR %DGRHU R 6WHIDQR %DUEDUR PDVVDUL &1, 3DROXFFL )RQGL OXFHQWL T )GF

'RSSLR EDJDWWLQR 0LVW $/2<6,96 &217 ' &URFH SDWHQWH DFFDQWRQDWD GD VWHOOH 5Y 6$1&7 0$5&96 9 7HVWD GL 6 0DUFR GL IURQWH &1, 3DROXFFL 0ROWR UDUR T 6SO

/RWWR GL VHL PRQHWH 6FXGR GHOOD FURFH FRQ FRQWURPDUFD &1, 3DROXFFL 4XDUWR GL VFXGR GHOOD FURFH &1, 3DROXFFL 'XFDWR &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL %H]]R GD EDJDWWLQL DUJHQWDWR &1, 3DROXFFL 'D 0% D T 6SO

/RWWR GL VHL PRQHWH 6FXGR GHOOD FURFH &1, 3DROXFFL 2WWDYR GL GXFDWR &1, 3DROXFFL /LUHWWD &1, 3DROXFFL 0H]]D OLUHWWD &1, 3DROXFFL %H]]R GD EDJDWWLQL &1, 3DROXFFL 'RSSLR EDJDWWLQR &1, 3DROXFFL 'D 0% D EXRQ %%

0DUFÂ¶$QWRQLR *LXVWLQLDQ GRJH &9,,

=HFFKLQR $9 J 0 $17 ,967,1 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ )RQGL OXFHQWL PLJOLRUH GL 6SO

=HFFKLQR FRQ FRQWURPDUFD WXUFD $9 J 0 $17 ,967,1 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 1XYRODUL QHO SHU OLUH

0H]]R ]HFFKLQR $9 J 0 $ ,967, Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR 6HJQHWWL VXO ERUGR DOWULPHQWL PLJOLRUH GL %%

([ FROOH]LRQH *DYD]]L

6FXGR GHOOD FURFH $5 J 0 $1721 ,967,1,$12 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' 7 'RPHQHJR 7UHYLVDQ PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 0LJOLRUH GL %% ([ DVWH )LQDUWH ( DVWD 9DUHVL $13% 3URYHQLHQWH GDOOH FROOH]LRQL 'H /D]DUD H *DYD]]L

6FXGR GHOOD FURFH $5 J 0 $1721 ,967,1,$196 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' 3 'RPHQHJR 3L]]DPDQR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU SHU OLUH

0H]]R VFXGR GHOOD FURFH $5 J 0 $1721 ,967,1,$12 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' 7 'RPHQHJR 7UHYLVDQ PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 0LJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU SHU OLUH

4XDUWR GL VFXGR GHOOD FURFH $5 J 0 $1721 ,967,1,$12 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' 7 'RPHQHJR 7UHYLVDQ PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU SHU OLUH

2WWDYR GL VFXGR GHOOD FURFH $5 J 0 $1721 ,967,1 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' 7 'RPHQHJR 7UHYLVDQ PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 5DULVVLPR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU SHU OLUH

'XFDWR $5 J 6 0 9 0 $17 ,967,1,$196 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ ' $QWRQLR 'RQj PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 5DUR 6SO ([ FROOH]LRQH *DYD]]L

0H]]R GXFDWR $5 J 6 0 9 0 $17 ,967,1,$196 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ ' $QWRQLR 'RQj PDVVDUR 5Y 0(', '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 5DUR %%

4XDUWR GL GXFDWR $5 J 6 0 9 0 $17 ,967,1,$196 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ ' $QWRQLR 'RQj PDVVDUR 5Y 0(', '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 0ROWR UDUR %XRQ %%

/RWWR GL VHL PRQHWH 4XDUWR GL GXFDWR &1, 3DROXFFL /LUHWWD &1, 3DROXFFL 0H]]D OLUHWWD &1, 3DROXFFL 6ROGR &1, 3DROXFFL %H]]R GD EDJDWWLQL &1, 3DROXFFL 'D 0% D EXRQ %% )UDQFHVFR 0RURVLQL Â´LO 3HORSRQQHVLDFRÂ´ GRJH &9,,,

4XDUWR GL VFXGR GHOOD FURFH GD ]HFFKLQL $9 J )5$1 0$952&(1 '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ * $OYLVH *ULWWL PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, Â± 3DROXFFL SDJ )ULHGEHUJ Â± (VWUHPDPHQWH UDUR )RQGL OXFHQWL FROSHWWR DG RUH GHO GU DOWULPHQWL PLJOLRUH GL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GDO FRQWH $JRVWLQL QHO SHU OLUH

=HFFKLQR $9 J )5$1 0$952& Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR )RQGL OXFHQWL T )GF

([ FROOH]LRQL 'H /D]DUD H *DYD]]L

0H]]R ]HFFKLQR $9 J )5 0$952 Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

4XDUWR GL ]HFFKLQR $9 J )5$1 Â± 0$952 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

6FXGR GHOOD FURFH $5 J )5$1 0$952&(196 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ * $OYLVH *ULWWL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 6HJQHWWL QHO FDPSR DO UY DOWULPHQWL T 6SO

([ FROOH]LRQL 'H /D]DUD H *DYD]]L

6FXGR GHOOD FURFH $5 J )5$1 0$952&(196 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * 0 *LDFRPR 0RURVLQL R *HURODPR 0DOLSLHUR PDVVDUL 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO

([ FROOH]LRQH =RSSROD

0H]]R VFXGR GHOOD FURFH $5 J )5$1 0$952&(196 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ * $OYLVH *ULWWL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR T 6SO

4XDUWR GL VFXGR GHOOD FURFH $5 J )5$1 0$952&(1 '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ * $OYLVH *ULWWL PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

2WWDYR GL VFXGR GHOOD FURFH $5 J )5$1 0$952&(1 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR $ * $OYLVH *ULWWL PDVVDUR 5Y 6$1&7 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 5DULVVLPR )RQGL OXFHQWL 6SO

([ FROOH]LRQH *DYD]]L DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

'XFDWR $5 J 6 0 9 0 )5$1 0$952& ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ * $OYLVH *ULWWL PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 6SO

'XFDWR $5 J 6 0 9 0 )5$1 0$952& ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 0 % 0DWWLR %DOEL PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 6SO

0H]]R GXFDWR $5 J 6 0 9 0 )5$1 0$952& ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ * $OYLVH *ULWWL PDVVDUR 5Y 0(', '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 8VXDOH GHEROH]]D GL FRQLR DO GU (VHPSODUH FRQ EHL IRQGL OXFHQWL T )GF

0H]]R GXFDWR $5 J 6 0 9 0 )5$1 0$952& ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 3 3 3DROR 3LVDQL PDVVDUR 5Y 0(', '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL &ROSHWWR VXO ERUGR GHO UY DOWULPHQWL T 6SO

4XDUWR GL GXFDWR $5 J 6 0 9 0 )5$1 0$952&(196 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ * $OYLVH *ULWWL PDVVDUR 5Y 0(', '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 5DUR %%

/LUHWWD $5 J )5$1&,6&96 Â± 0952& ' ,O GRJH JHQXIOHVVR D G LQ DGRUD]LRQH GHOOÂ¶LPPDJLQH GHOOD %HDWD 9HUJLQH FRO %DPELQR IUD OH QXEL DOOÂ¶HVHUJR ;; 5Y ,967,7,$0 ',/,*,7( /D *LXVWL]LD VWDQWH GL IURQWH FRQ VSDGD QHOOD G H ELODQFLD QHOOD V LQ EDVVR D G OHRQH QLPEDWR DFFRYDFFLDWR $OOÂ¶HVHUJR = $ / =DQ $QGUHD /RUHGDQ PDVVDUR &1, 3DROXFFL 5DUD )RQGL OXFHQWL PLJOLRUH GL 6SO ([ FROOH]LRQH &LDQL HG H[ FROOH]LRQH =RSSROD DFTXLVWDWR QHO SHU OLUH

/HRQH SHU LO /HYDQWH SULPR WLSR $5 J )5$1 0$952& Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V EHQHGLFH LO GRJH JHQXIOHVVR D G FKH UHJJH LO YHVVLOOR OXQJR OÂ¶DVWD '9; $OOÂ¶HVHUJR $ * $OYLVH *ULWWL PDVVDUR 5Y ),'(6 Â± (7 Â± 9,&725,$ /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQD FURFH H QHOOD V OD SDOPD &1, 3DROXFFL (VWUHPDPHQWH UDUR H LQ VWDWR GL FRQVHUYD]LRQH HFFH]LRQDOH SHU TXHVWR WLSR GL PRQHWD T 6SO ([ FROOH]LRQH =RSSROD

/HRQH SHU LO /HYDQWH VHFRQGR WLSR $5 J )5$1 0$952& Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V EHQHGLFH LO GRJH JHQXIOHVVR D G FKH UHJJH LO YHVVLOOR OXQJR OÂ¶DVWD '9; $OOÂ¶HVHUJR , % ,VHSSR %DVHJJLR PDVVDUR 5Y ),'(6 (7 Â± 9,&725,$ /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQD FURFH H QHOOD V OD SDOPD &1, 3DROXFFL 0ROWR UDUR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

0H]]R OHRQH SHU LO /HYDQWH SULPR WLSR $5 J )5$1 0$952& Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V EHQHGLFH LO GRJH JHQXIOHVVR D G FKH UHJJH LO YHVVLOOR OXQJR OÂ¶DVWD '9; $OOÂ¶HVHUJR $ * $OYLVH *ULWWL PDVVDUR 5Y ),'(6 Â± (7 Â± 9,&725,$ /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQD FURFH H QHOOD V OD SDOPD &1, Â± 3DROXFFL (VWUHPDPHQWH UDUR 3LFFROD IUDWWXUD GHO WRQGHOOR %%

0H]]R OHRQH SHU LO /HYDQWH VHFRQGR WLSR $5 J )5$1 0$952& Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V EHQHGLFH LO GRJH JHQXIOHVVR D G FKH UHJJH LO YHVVLOOR OXQJR OÂ¶DVWD '9; $OOÂ¶HVHUJR , % ,VHSSR %DVHJJLR PDVVDUR 5Y ),'(6 (7 Â± 9,&725,$ /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQD FURFH H QHOOD V OD SDOPD &1, 3DROXFFL 5DULVVLPR %% ([ DVWD 1$&

4XDUWR GL OHRQH SHU LO /HYDQWH $5 J )5$1 0$952& Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V EHQHGLFH LO GRJH JHQXIOHVVR D G FKH UHJJH LO YHVVLOOR OXQJR OÂ¶DVWD '9; $OOÂ¶HVHUJR , % ,VHSSR %DVHJJLR PDVVDUR 5Y ),'(6 (7 Â± 9,&725,$ /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQD FURFH H QHOOD V OD SDOPD &1, 3DROXFFL (VWUHPDPHQWH UDUR )RUR RWWXUDWR DOWULPHQWL EXRQ %%

([ FROOH]LRQH =RSSROD

0HGDJOLD DO PHULWR PLOLWDUH $9 J /HRQH GL 6 0DUFR DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR 5Y 6 & )5$1&,6&96 0$952&(196 '(, *5$7,$ '9; 9(1 (7 & LQ VHL ULJKH 9ROWROLQD 5DULVVLPD 6SO

([ DVWD 1*6$

/RWWR GL VHL PRQHWH 'XFDWR &1, 3DROXFFL 4XDUWR GL GXFDWR &1, 3DROXFFL /LUHWWD &1, 3DROXFFL 0H]]D OLUHWWD &1, 3DROXFFL 6ROGR &1, 3DROXFFL 2WWDYR GL OHRQH SHU LO /HYDQWH IRUDWR &1, 3DROXFFL 'D 0% D T 6SO 6LOYHVWUR 9DOLHU GRJH &,;

=HFFKLQR $9 J 6,/9 9$/(5,2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR 6SO

([ FROOH]LRQH *DYD]]L

=HFFKLQR $9 J 6,/9( 9$/(5,2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, Â± 3DROXFFL )ULHGEHUJ 5DUR )RQGL OXFHQWL T 6SO

0H]]R ]HFFKLQR $9 J 6,/ 9$/(5, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR 0%

4XDUWR GL ]HFFKLQR $9 J 6,/9(67 Â± 9$/(5,2 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR )RUDWR DOWULPHQWL T %% ([ FROOH]LRQH &LDQL HG H[ FROOH]LRQH =RSSROD DFTXLVWDWR QHO SHU OLUH

6FXGR GHOOD FURFH $5 J 6,/9(67(5 9$/(5,2 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD

6FXGR GHOOD FURFH $5 J 6,/9(67(5 9$/(5,2 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 3 0 3LHUR 0LQRWWR R 3DROR 0LQRWWR PDVVDUL 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO

0H]]R VFXGR GHOOD FURFH $5 J 6,/9(67(5 9$/(5,2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR %XRQ %% ([ FROOH]LRQH %HWWLQHOOL HG FROOH]LRQH =RSSROD DFTXLVWDWR QHO SHU OLUH

4XDUWR GL VFXGR GHOOD FURFH $5 J 6,/9(67(5 9$/(5,2 '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR *UDIIL DO GU H FROSHWWR VXO FRQWRUQR DOWULPHQWL EXRQ %% ([ FROOH]LRQH 'HOOÂ¶(UED HG FROOH]LRQH =RSSROD DFTXLVWDWR QHO SHU OLUH

2WWDYR GL VFXGR GHOOD FURFH $5 J 6,/9(67(5 9$/(5,2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 5DULVVLPR %%

([ FROOH]LRQH *DYD]]L

'XFDWRQH GD VROGL $5 J 6 0 9 6,/9( 9$/(5,2 '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 3DWLQD GL PHGDJOLHUH VX IRQGL OXFHQWL H FRQVHUYD]LRQH HFFH]LRQDOH T )GF ([ DVWD %HUQDUGL Â± /DQ] 1HZ <RUN

0H]]R GXFDWRQH GD VROGL $5 J 6 0 9 6,/9( 9$/(5,2 '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL (VWHPDPHQWH UDUR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR QHO SHU OLUH

'XFDWR GL GRSSLR SHVR $5 J 6 0 9 6,/9( 9$/(5,2 '9; 9 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, YDU 3DROXFFL Â± FIU 5DULVVLPR T 6SO ([ FROOH]LRQH *DYD]]L

'XFDWR $5 J 6 0 9 6,/9( 9$/(5,2 '9; 9 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 6SO

0H]]R GXFDWR $5 J 6 0 9 6,/9(6 Â± 9$/(5,2 '9 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR 5Y 0(', '9&$7 9(1( /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL )RQGL OXFHQWL 6SO

/LUHWWD $5 J 6,/9(67(5 Â± 9$/(5,2 ' ,O GRJH JHQXIOHVVR D G LQ DGRUD]LRQH GHOOÂ¶LPPDJLQH GHOOD %HDWD 9HUJLQH FRO %DPELQR IUD OH QXEL DOOÂ¶HVHUJR ;; 5Y ,967,7,$0 ',/,*,7( /D *LXVWL]LD VWDQWH GL IURQWH FRQ VSDGD QHOOD G H ELODQFLD QHOOD V LQ EDVVR D G OHRQH QLPEDWR DFFRYDFFLDWR $OOÂ¶HVHUJR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR &1, YDU 3DROXFFL 5DUD T 6SO

/LUHWWD $5 J 6,/9(67(5 Â± 9$/(5,2 ' ,O GRJH JHQXIOHVVR D G LQ DGRUD]LRQH GHOOÂ¶LPPDJLQH GHOOD %HDWD 9HUJLQH FRO %DPELQR IUD OH QXEL DOOÂ¶HVHUJR ;; 5Y ,967,7,$0 ',/,*,7( /D *LXVWL]LD VWDQWH GL IURQWH FRQ VSDGD QHOOD G H ELODQFLD QHOOD V LQ EDVVR D G OHRQH QLPEDWR DFFRYDFFLDWR $OOÂ¶HVHUJR 3 0 3LHUR 0LQRWWR R 3DROR 0LQRWWR PDVVDUL &1, 3DROXFFL 5DUD 3DWLQD GL PHGDJOLHUH T 6SO

([ FROOH]LRQH *DYD]]L

/HRQH SHU LO /HYDQWH $5 J 6,/9 9$/(5,2 Â± 6 0 9(1(79 6 0DUFR QLPEDWR VWDQWH D V EHQHGLFH LO GRJH JHQXIOHVVR D G FKH UHJJH LO YHVVLOOR OXQJR OÂ¶DVWD '9; $OOÂ¶HVHUJR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR 5Y ),'(6 (7 Â± 9,&725,$ /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQD FURFH H QHOOD V OD SDOPD &1, 3DROXFFL 0ROWR UDUR T 6SO ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

0H]]R OHRQH SHU LO /HYDQWH $5 J 6,/9 9$/(5,2 Â± 6 0 9(1(79 6 0DUFR QLPEDWR VWDQWH D V EHQHGLFH LO GRJH JHQXIOHVVR D G FKH UHJJH LO YHVVLOOR OXQJR OÂ¶DVWD '9; $OOÂ¶HVHUJR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR 5Y ),'(6 (7 Â± 9,&725,$ /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQD FURFH H QHOOD V OD SDOPD &1, 3DROXFFL 5DULVVLPR %XRQ %% ([ DVWD 9DUHVL $13%

([ FROOH]LRQH *DYD]]L

4XDUWR GL OHRQH SHU LO /HYDQWH $5 J 6,/9 9$/(5,2 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V EHQHGLFH LO GRJH JHQXIOHVVR D G FKH UHJJH LO YHVVLOOR OXQJR OÂ¶DVWD '9; $OOÂ¶HVHUJR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR 5Y ),'(6 (7 Â± 9,&725,$ /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQD FURFH H QHOOD V OD SDOPD &1, 3DROXFFL 5DULVVLPR 3DWLQD GL PHGDJOLHUH EXRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL SHU OLUH

/RWWR GL VHWWH PRQHWH 'XFDWR &1, 3DROXFFL 0H]]R GXFDWR &1, 3DROXFFL 4XDUWR GL GXFDWR &1, 3DROXFFL /LUHWWD &1, 3DROXFFL 0H]]D OLUHWWD &1, 3DROXFFL 6ROGR &1, 3DROXFFL 2WWDYR GL OHRQH SHU LO /HYDQWH IRUR RWWXUDWR &1, 3DROXFFL 'D 0% D EXRQ %%

$OYLVH ,, 0RFHQLJR GRJH &;

=HFFKLQR $9 J $/2< 02&(1, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 6SO

0H]]R ]HFFKLQR $9 J $/2< 02& Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR %XRQ %%

4XDUWR GL ]HFFKLQR $9 J $/2< 02& Â± 6 0 9( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR )HQGLWXUD VXO ERUGR DOWULPHQWL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

6FXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR % & %HQHGHWWR &LYUDQ PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 6SO ([ DVWD 0RQWHQDSROHRQH

6FXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 3 % 3LHUR %DVDGRQQD 0DVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR T 6SO

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

0H]]R VFXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR % & %HQHGHWWR &LYUDQ PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 0LJOLRUH GL %%

0H]]R VFXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR % 3 3LHUR %DVDGRQQD PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

4XDUWR GL VFXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * % *HURODPR %DUEDUR PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR %XRQ %%

2WWDYR GL VFXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH 5Y 6$1&7 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 5DULVVLPR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

'XFDWRQH GD VROGL $5 J 6 0 9 $/2< 02&(1,&2 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR % & %HQHGHWWR &LYUDQ PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH 6SO ([ FROOH]LRQH =RSSROD

'XFDWR GL GRSSLR SHVR $5 J 6 0 9 $/2< 02&(1,& ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 3 0 3LHUR 0DJQR 3LHUR 0DQROHVVR R 3LHUR 0RURVLQL PDVVDUL 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL Â± FIU (VWUHPDPHQWH UDUR %%

([ FROOH]LRQH *DYD]]L DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

'XFDWR $5 J 6 0 9 $/2< 02&(1,& ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 3 0 3LHUR 0DJQR 3LHUR 0DQROHVVR R 3LHUR 0RURVLQL PDVVDUL 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL )RQGL OXFHQWL PLJOLRUH GL 6SO

'XFDWR $5 J 6 0 9 $/2< 02&(1,& ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR * 7 6 *LDQ 7RPDVR 6RUDQ]R PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL T 6SO

0H]]R GXFDWR $5 J 6 0 9 $/2< 02&(1,& ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR * 7 6 *LDQ 7RPDVR 6RUDQ]R PDVVDUR 5Y 0(', '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL %XRQ %%

/LUHWWD $5 J $/2< 02 Â± &(1, ' ,O GRJH JHQXIOHVVR D G LQ DGRUD]LRQH GHOOÂ¶LPPDJLQH GHOOD %HDWD 9HUJLQH FRO %DPELQR IUD OH QXEL DOOÂ¶HVHUJR ;; 5Y ,967,7,$0 ',/,*,7( /D *LXVWL]LD VWDQWH GL IURQWH FRQ VSDGD QHOOD G H ELODQFLD QHOOD V LQ EDVVR D G OHRQH QLPEDWR DFFRYDFFLDWR $OOÂ¶HVHUJR * 0 *LXOLR 0LQRWWR PDVVDUR &1, 3DROXFFL 5DUD 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD / +DPEXUJHU JLXJQR *QHFFKL SHU OLUH

0H]]D OLUHWWD $5 J $/2<6,96 Â± 02&(1, ' ,O GRJH JHQXIOHVVR D G LQ DGRUD]LRQH GHOOÂ¶LPPDJLQH GHOOD %HDWD 9HUJLQH FRO %DPELQR IUD OH QXEL DOOÂ¶HVHUJR ; 5Y ,967,7,$0 ',/,*,7( /D *LXVWL]LD VWDQWH GL IURQWH FRQ VSDGD QHOOD G H ELODQFLD QHOOD V LQ EDVVR D G OHRQH QLPEDWR DFFRYDFFLDWR $OOÂ¶HVHUJR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR &1, 3DROXFFL 0ROWR UDUD 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

/HRQH SHU LO /HYDQWH $5 J $/2< 02&(1 Â± 6 0 9(1(79 6 0DUFR QLPEDWR VWDQWH D V EHQHGLFH LO GRJH JHQXIOHVVR D G FKH UHJJH LO YHVVLOOR OXQJR OÂ¶DVWD '9; $OOÂ¶HVHUJR % & %HQHGHWWR &LYUDQ PDVVDUR 5Y ),'(6 (7 Â± 9,&725,$ /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQD FURFH H QHOOD V OD SDOPD &1, 3DROXFFL (VWUHPDPHQWH UDUR T 6SO

/HRQH GD VROGL SHU OD 'DOPD]LD H $OEDQLD $5 J 6 0 9 Â± $/2< 02&(1, 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFH LO GRJH JHQXIOHVVR D G FKH UHJJH LO YHVVLOOR OXQJR OÂ¶DVWD '9; $OOÂ¶HVHUJR % * %HUQDUGR *ULWWL PDVVDUR 5Y '$/0$7 (7 $/% /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQ UDPR GÂ¶XOLYR VXOOR VIRQGR WRUUH FRQ EDQGLHUD H DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR T 6SO

0H]]R OHRQH GD VROGL SHU OD 'DOPD]LD H $OEDQLD $5 J 6 0 9 Â± $/2< 02& 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFH LO GRJH JHQXIOHVVR D G FKH UHJJH LO YHVVLOOR OXQJR OÂ¶DVWD '9; $OOÂ¶HVHUJR % * %HUQDUGR *ULWWL PDVVDUR 5Y '$/0$7 (7 $/% /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQ UDPR GÂ¶XOLYR VXOOR VIRQGR WRUUH FRQ EDQGLHUD H DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR T 6SO

4XDUWR GL OHRQH GD VROGL SHU OD 'DOPD]LD H $OEDQLD $5 J 6 0 9 Â± $/2< 02& 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFH LO GRJH JHQXIOHVVR D G FKH UHJJH LO YHVVLOOR OXQJR OÂ¶DVWD '9; $OOÂ¶HVHUJR % & %HQHGHWWR &LYUDQ PDVVDUR 5Y '$/0$7 (7 $/% /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQ UDPR GÂ¶XOLYR VXOOR VIRQGR WRUUH FRQ EDQGLHUD H DOOÂ¶HVHUJR ;; &1, 3DROXFFL 0ROWR UDUR T 6SO

2WWDYR GL OHRQH GD VROGL SHU OD 'DOPD]LD H $OEDQLD $5 J 6 0 9 Â± $/2< 02& 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFH LO GRJH JHQXIOHVVR D G FKH UHJJH LO YHVVLOOR OXQJR OÂ¶DVWD '9; $OOÂ¶HVHUJR % & %HQHGHWWR &LYUDQ PDVVDUR 5Y '$/0$7 (7 $/% /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQ UDPR GÂ¶XOLYR VXOOR VIRQGR WRUUH FRQ EDQGLHUD H DOOÂ¶HVHUJR ; &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH EXRQ %%

0HGDJOLD GD ]HFFKLQL SHU OÂ¶DOOHDQ]D FRQ LO FDQWRQH GHL *ULJLRQL $9 J ,O OHRQH GL 6 0DUFR JUDGLHQWH D V EUDQGLVFH OD VSDGD QHOOD ]DPSD DQWHULRUH G DOOÂ¶HVHUJR 5Y 6WHPPL DFFRVWDWL GHOOD /HJD *ULJLD D V GHOOD &DGLD DO FHQWUR H GHOOH 'LHFL *LXULVGL]LRQL D G 5,1 YRO ,9 D 3DROXFFL ,, (VWUHPDPHQWH UDUD 6SO

0HGDJOLD GD XQ ILOLSSR SHU OÂ¶DOOHDQ]D FRQ LO FDQWRQH GHL *ULJLRQL $5 J ,O OHRQH GL 6 0DUFR JUDGLHQWH D V EUDQGLVFH OD VSDGD QHOOD ]DPSD DQWHULRUH G DOOÂ¶HVHUJR 5Y 6WHPPL DFFRVWDWL GHOOD /HJD *ULJLD D V GHOOD &DGLD DO FHQWUR H GHOOH 'LHFL *LXULVGL]LRQL D G 5,1 YRO ,9 E 3DROXFFL ,, 0ROWR UDUD 6SO ([ FROOH]LRQH *DYD]]L DFTXLVWDWD GD 5 5DWWR QHO

0HGDJOLD SHU OÂ¶DOOHDQ]D FRQ LO FDQWRQH GL =XULJR H %HUQD $9 J 2SXV +DQV -DNRE *HVVQHU =XULJR ,O OHRQH GL 6 0DUFR FRQ VSDGD DO FHQWUR DIILDQFDWR GD OHRQL DQFKÂ¶HVVL FRQ VSDGD FKH SRJJLDQR OD ]DPSD DQWHULRUH V VXJOL VWHPPL GHL FDQWRQL DOOHDWL 5Y /HJHQGD LQ VHWWH ULJKH 5,1 YRO ,9 D 0ROWR UDUD )GF

0HGDJOLD SHU OÂ¶DOOHDQ]D FRQ LO FDQWRQH GL =XULJR H %HUQD $5 J 2SXV +DQV -DNRE *HVVQHU =XULJR ,O OHRQH GL 6 0DUFR FRQ VSDGD DO FHQWUR DIILDQFDWR GD OHRQL DQFKÂ¶HVVL FRQ VSDGD FKH SRJJLDQR OD ]DPSD DQWHULRUH V VXJOL VWHPPL GHL FDQWRQL DOOHDWL 5Y /HJHQGD LQ VHWWH ULJKH 5,1 YRO ,9 D 9ROWROLQD 0ROWR UDUD 6SO

/RWWR GL QRYH PRQHWH 0H]]R GXFDWR &1, 3DROXFFL 4XDUWR GL GXFDWR &1, 3DROXFFL /LUHWWD &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL %H]]R GD EDJDWWLQL &1, 3DROXFFL /HRQH GD VROGL SHU OD 'DOPD]LD H $OEDQLD &1, 3DROXFFL 'D 0% D T 6SO

*LRYDQQL ,, &RUQHU GRJH &;,

6ROGR GD ]HFFKLQL $9 J 6 0 9 ,2$1 &251 ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 5Y '()(16 Â± 1267(5 ,O 5HGHQWRUH QLPEDWR VWDQWH GL IURQWH EHQHGLFHQWH H FRQ LO 9DQJHOR QHOOD V &1, 3DROXFFL SDJ )ULHGHEHUJ Â± (VWUHPDPHQWH UDUR 6HJQHWWL VXO ERUGR DOWULPHQWL T 6SO ([ FROOH]LRQH =RSSROD

=HFFKLQR $9 J ,2$1 &251(/ Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 6SO

=HFFKLQR $9 J ,2$1 &251(/ Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ )RQGL OXFHQWL T )GF

0H]]R ]HFFKLQR $9 J ,2$1 &251 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR 0LJOLRUH GL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

4XDUWR GL ]HFFKLQR $9 J ,2$1 &251 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

6FXGR GHOOD FURFH $5 J ,2$11(6 &251(/,2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR ) $ 3 )UDQFHVFR $QWRQLR 3DUXWD PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO

6FXGR GHOOD FURFH $5 J ,2$11(6 &251(/,2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR $ 0 $OYLVH 0LQRWWR R $Q]ROR 0DOLPSLHUR PDVVDUL 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL T 6SO

0H]]R VFXGR GHOOD FURFH $5 J ,2$11(6 &251(/,2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR ) $ 3 )UDQFHVFR $QWRQLR 3DUXWD PDVVDUR 5Y 6$1&796 0$5&96 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 0LJOLRUH GL %%

0H]]R VFXGR GHOOD FURFH $5 J ,2$11(6 &251(/,2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR $ 0 $OYLVH 0LQRWWR R $Q]ROR 0DOLPSLHUR PDVVDUL 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO

4XDUWR GL VFXGR GHOOD FURFH $5 J ,2$11(6 &251(/,2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR ) $ 3 )UDQFHVFR $QWRQLR 3DUXWD PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH T 6SO

'XFDWRQH GD VROGL $5 J 6 0 9 ,2$1 &251(/ ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR ) $ 3 )UDQFHVFR $QWRQLR 3DUXWD R )UDQFHVFR $QWRQLR 3DVTXDOHJR PDVVDUL 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR /HJJHUH WUDFFH GL ULFRQLD]LRQH DOWULPHQWL PLJOLRUH GL 6SO ([ FROOH]LRQH *DYD]]L

0H]]R GXFDWRQH GD VROGL $5 J 6 0 9 ,2$1 &251(/ ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR ) $ 3 )UDQFHVFR $QWRQLR 3DUXWD R )UDQFHVFR $QWRQLR 3DVTXDOHJR PDVVDUL 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 0LJOLRUH GL 6SO ([ FROOH]LRQH *DYD]]L

2WWDYR GL GXFDWRQH GD VROGL H PH]]R $5 J 6 0 9 ,2$1 &251(/ ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR ) $ 3 )UDQFHVFR $QWRQLR 3DUXWD R )UDQFHVFR $QWRQLR 3DVTXDOHJR PDVVDUL 5Y 0(025 (52 79, ,967 9 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 5DULVVLPR PLJOLRUH GL 6SO ([ FROOH]LRQH *DYD]]L DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

'XFDWR $5 J 6 0 9 ,2$1 &251(/,2 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ 0 $OYLVH 0LQRWWR R $Q]ROR 0DOLPSLHUR PDVVDUL 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR &1, 3DROXFFL %XRQ %%

0H]]R GXFDWR $5 J 6 0 9 ,2$1 &251(/ ' 6 0DUFR EHQHGLFHQWH VHGXWR LQ WURQR SRUJH FRQ OD PDQR V LO YHVVLOOR VRUPRQWDWR GD FURFH DO 'RJH JHQXIOHVVR DOO¶HVHUJR = % 9 =XDQH %DUWRORPHR 9LWWXUL PDVVDUR 5Y 0(', '9&$7 9(1( /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR &1, YDU 3DROXFFL 6SO

4XDUWR GL GXFDWR $5 J 6 0 9 ,2$1 &251(/ ' 6 0DUFR EHQHGLFHQWH VHGXWR LQ WURQR SRUJH FRQ OD PDQR V LO YHVVLOOR VRUPRQWDWR GD FURFH DO 'RJH JHQXIOHVVR DOO¶HVHUJR ) $ 3 )UDQFHVFR $QWRQLR 3DUXWD R )UDQFHVFR $QWRQLR 3DVTXDOHJR PDVVDUL 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR &1, 3DROXFFL %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

/LUHWWD $5 J ,2$11(6 ± &251 ' ,O GRJH JHQXIOHVVR D G FRQ OH PDQL JLXQWH H LQ DWWR GL SUHJKLHUD GDYDQWL DOOD %HDWD 9HUJLQH FRO %DPELQR VXOOH QXEL DOO¶HVHUJR ; ; 5Y ,967,7,$0 ',/,*,7( /D *LXVWL]LD FRURQDWD VWDQWH GL IURQWH FRQ VSDGD H ELODQFLD DOO¶HVHUJR $ % $OYLVH %RQ PDVVDUR &1, 3DROXFFL 5DULVVLPD %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

0H]]D OLUHWWD $5 J ,2$11(6 ± &251( ' ,O GRJH JHQXIOHVVR D G FRQ OH PDQL JLXQWH H LQ DWWR GL SUHJKLHUD GDYDQWL DOOD %HDWD 9HUJLQH FRO %DPELQR VXOOH QXEL DOO¶HVHUJR ; 5Y ,967,7,$0 ',/,*,7( /D *LXVWL]LD FRURQDWD VWDQWH GL IURQWH FRQ VSDGD H ELODQFLD DOO¶HVHUJR LQL]LDOL GHO PDVVDUR ) 7 )UDQFHVFR 7UHYLVDQ PDVVDUR &1, 3DROXFFL 5DULVVLPD %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

3URYD GHO UY GHO VROGL &X J 5Y 35 6,' ± 1267590 /D %HDWD 9HUJLQH FRO %DPELQR VRSUD QXEL H FUHVFHQWH &1, ± FIU SHU LO UY 3DROXFFL ± 5DULVVLPD )RUR GL VRVSHQVLRQH T 6SO

3URYD GHO UY GHO VROGL &X J 5Y 35(6,',90 ± 9(1(72590 /D %HDWD 9HUJLQH FRO %DPELQR VXOOH QXEL &1, ± FIU SHU LO UY 3DROXFFL ± 5DULVVLPD )RUR GL VRVSHQVLRQH %%

*D]]HWWD GD EDJDWWLQL SURJHWWR $( J 6 0 9 ,2 ± &251(/ /HRQH DODWR H QLPEDWR FRO FDSR FLQWR GD FRURQD H FRUQR GXFDOH DOO¶HVHUJR 5Y 35 6,' ± 1267590 /D %HDWD 9HUJLQH FRQ LO %DPELQR LQ EUDFFLR VHGXWD VX FUHVFHQWH H QXEL &1, 3DROXFFL 5DULVVLPD )RUDWD EXRQ %%

6ROGR GD EDJDWWLQL SURJHWWR $( J 6 0 9 ,2 ± &251(/ /HRQH DODWR H QLPEDWR FRO FDSR FLQWR GD FRURQD H FRUQR GXFDOH DOO¶HVHUJR 5Y 35 6,' ± 1267590 /D %HDWD 9HUJLQH FRQ LO %DPELQR LQ EUDFFLR VHGXWD VX FUHVFHQWH H QXEL &1, 3DROXFFL 5DULVVLPR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

6ROGR GD EDJDWWLQL SURJHWWR $( J 6 0 9 ,2 ± &251(/ /HRQH DODWR H QLPEDWR FRO FDSR FLQWR GD FRURQD H FRUQR GXFDOH DOO¶HVHUJR 5Y 35 6,' ± 1267590 /D %HDWD 9HUJLQH FRQ LO %DPELQR LQ EUDFFLR VHGXWD VX FUHVFHQWH H QXEL &1, 3DROXFFL 5DULVVLPR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

6ROGR GD EDJDWWLQL SURJHWWR $( J 6 0 9 ,2 &251(/,2 /HRQH DODWR H QLPEDWR FRO FDSR FLQWR GD FRURQD H FRUQR GXFDOH 5Y 35 6,' ± 1267590 /D %HDWD 9HUJLQH FRQ LO %DPELQR LQ EUDFFLR VWDQWH VX FUHVFHQWH &1, 3DROXFFL VHFRQGD YDULHWj 5DULVVLPR %%

/HRQH SHU LO /HYDQWH $5 J ,2$1 &251(/ Â± 6 0 9(1(7 6 0DUFR VWDQWH D V WLHQH LO OLEUR FRQ OD V PHQWUH SRUJH FRQ OD G LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; $OOÂ¶HVHUJR $ 0 $OYLVH 0LQRWWR R $Q]ROR 0DOLPSLHUR PDVVDUL 5Y ),'(6 (7 Â± 9,&725,$ /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQD FURFH H QHOOD V OD SDOPD &1, 3DROXFFL (VWUHPDPHQWH UDUR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

4XDUWR GL OHRQH SHU LO /HYDQWH $5 J ,2$1 &251(/ Â± 6 0 9(1(7 6 0DUFR VWDQWH D V WLHQH LO OLEUR FRQ OD V PHQWUH SRUJH FRQ OD G LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD ' 9 ; $OOÂ¶HVHUJR $ 0 $OYLVH 0LQRWWR R $Q]ROR 0DOLPSLHUR PDVVDUL 5Y ),'(6 (7 Â± 9,&725,$ /HRQH DODWR H QLPEDWR UDPSDQWH YROWR GL IURQWH WLHQH QHOOD ]DPSD G XQD FURFH H QHOOD V OD SDOPD &1, 3DROXFFL (VWUHPDPHQWH UDUR )RUDWR 0%

/RWWR GL VHL PRQHWH 4XDUWR GL VFXGR GHOOD FURFH &1, 3DROXFFL 2WWDYR GL VFXGR GHOOD FURFH &1, 3DROXFFL 0H]]R GXFDWR &1, 3DROXFFL 6ROGR GD EDJDWWLQL SURJHWWR IRUDWR &1, 3DROXFFL %H]]R GD EDJDWWLQL &1, 3DROXFFL 'D 0% D EXRQ %%

/RWWR GL VHL PRQHWH 'XFDWR &1, 3DROXFFL 4XDUWR GL GXFDWR &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL 'D 0% D EXRQ %% $OYLVH ,,, 0RFHQLJR GRJH &;,,

4XDUWR GL GXFDWR GD ]HFFKLQL $9 J 6 0 9 $/2< 02&(1, ' 6 0DUFR QLPEDWR VHGXWR LQ WURQRR D V EHQHGLFH LO GRJH JHQXIOHVVR D G FRQ YHVVLOOR DOOÂ¶HVHUJR 9 4 9LQFHQ]R 4XHUFLQL PDVVDUR 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR &1, 3DROXFFL SDJ )ULHGEHUJ Â± 5DULVVLPR 7UDFFLD GL SLHJDWXUD DOWULPHQWL EXRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

0H]]R ]HFFKLQR $9 J $/2< 02&( Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y /9; 091 Â± (*2 690 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH VHL D G H VHL D V &1, 3DROXFFL )ULHGEHUJ 5DUR T 6SO

4XDUWR GL ]HFFKLQR $9 J $/2< 02& Â± 6 0 9(1 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y /9; 091 Â± (*2 690 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH VHL D G H VHL D V &1, YDU 3DROXFFL )ULHGEHUJ 5DUR %XRQ %%

([ FROOH]LRQL 'H /D]DUD H *DYD]]L

6FXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR 9 4 9LQFHQ]R 4XHUFLQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

0H]]R VFXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR 9 4 9LQFHQ]R 4XHUFLQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 0LJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

2WWDYR GL VFXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9(1 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR 9 4 9LQFHQ]R 4XHUFLQL PDVVDUR 5Y 6$1&7 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, Â± 3DROXFFL (VWUHPDPHQWH UDUR %%

'XFDWRQH GD VROGL $5 J 6 0 9 $/2< 02&(1, ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR 9 4 9LQFHQ]R 4XHUFLQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH DOOÂ¶HVHUJR &1, YDU 3DROXFFL 0ROWR UDUR T 6SO

'XFDWR $5 J 6 0 9 $/2< 02&(1,&2 ' 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V H EHQHGLFHQWH SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 9 4 9LQFHQ]R 4XHUFLQL PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR &1, 3DROXFFL 5DULVVLPR %XRQ %%

4XDUWR GL GXFDWR $5 J 6 0 9 $/2< 02&(1, ' 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR 9 4 9LQFHQ]R 4XHUFLQL PDVVDUR 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR &1, 3DROXFFL (VWUHPDPHQWH UDUR T %%

'D VROGL $5 J $/2< Â± 02&(1, ' ,O GRJH JHQXIOHVVR D V H FRQ OR VJXDUGR ULYROWR YHUVR OÂ¶DOWR UHJJH LO YHVVLOOR FRQ EDQGHUXROD FRQ FRUGRQL H ILRFFKL DOOÂ¶HVHUJR 5Y 6$1&7 0$5&96 9(1 /HRQH DODWR H QLPEDWR D V FRQ OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR &1, 3DROXFFL 6SO

2VHOOD DQQR 9,, $5 J 6 0 9 $/2<6 Â± 02&(1, ' 6 0DUFR EHQHGLFHQWH VHGXWR LQ WURQR SRUJH FRQ OD PDQR V LO YHVVLOOR VRUPRQWDWR GD FURFH DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $1 9,, % * %HQHWWR *ULPDQL PDVVDUR 5Y ,1 9,5797( (7 $%91'$17,$ 3$; ) /Â¶$EERQGDQ]D VWDQWH GL IURQWH UHJJH FRQ OD PDQR V XQD FRUQXFRSLD ULFROPD GL IUXWWL H FRQ OD G VWULQJH XQ UDPR G XOLYR DOOH VXH VSDOOH PLOL]LH YHQH]LDQH HG XQD QDYH GD JXHUUD $OOÂ¶HVHUJR &1, 3DROXFFL ,, 5DUD 6SO

/RWWR GL VHWWH PRQHWH 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL %H]]R GD EDJDWWLQL &1, Â± 3DROXFFL 'D 0% D T 6SO

&DUOR 5X]]LQL GRJH &;,,,

4XDUWR GL GXFDWR GD ]HFFKLQL $9 J 6 0 9 &$52/96 59=,1, ' 6 0DUFR QLPEDWR VHGXWR LQ FDWWHGUD D V EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR % 9 %HQHGHWWR 9DOLHU PDVVDUR 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR &1, 3DROXFFL SDJ )ULHGEHUJ Â± (VWUHPDPHQWH UDUR 6HJQHWWL VXO ERUGR DOWULPHQWL T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD 5DWWR GHOOÂ¶ PDU]R 6DQ 5RPq SHU OLUH

=HFFKLQR $9 J &$52/ 59=,1, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 6SO

0H]]R ]HFFKLQR $9 J &$5 59=,1, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y /9; 091 Â± (*2 690 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH VHL D G H VHL D V &1, 3DROXFFL )ULHGEHUJ 5DUR %%

([ FROOH]LRQL 'H /D]DUD H *DYD]]L

4XDUWR GL ]HFFKLQR $9 J &$5 59= Â± 6 0 9(1 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y /9; 091 Â± (*2 690 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH FLQTXH D G H FLQTXH D V &1, 3DROXFFL )ULHGEHUJ 5DUR T 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

6FXGR GHOOD FURFH $5 J &$52/96 59=,1, '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR % 9 %HQHGHWWR 9DOLHU PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH PLJOLRUH GL 6SO ([ FROOH]LRQH =RSSROD

0H]]R VFXGR GHOOD FURFH $5 J &$52/96 59=,1, '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR % 9 %HQHGHWWR 9DOLHU PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR T 6SO

4XDUWR GL VFXGR GHOOD FURFH $5 J &$52/96 59=,1, '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR % 9 %HQHGHWWR 9DOLHU PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR 7UDFFH GL ULEDWWLWXUD DOWULPHQWL PLJOLRUH GL %%

'XFDWRQH GD VROGL $5 J 6 0 9 &$52/96 59=,1, ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR % 9 %HQHGHWWR 9DOLHU PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR 0% ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD / +DPEXUJHU JLXJQR *QHFFKL SHU OLUH

'D VROGL SURYD $5 J &$52/ Â± 58=,1, '9; ,O 'RJH JHQXIOHVVR D V FRQ OH EUDFFLD DOODUJDWH UHJJH FRQ LO YHVVLOOR FRQ EDQGHUXROD FRQ FRUGRQL H ILRFFKL DOOÂ¶HVHUJR 5Y 6$1&7 0$5&96 9(1 /HRQH DODWR H QLPEDWR D V FRQ OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR DOOÂ¶HVHUJR GXH URVH &1, 3DROXFFL (VWUHPDPHQWH UDUD *UDIIL DO GU 0% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

/RWWR GL VHL PRQHWH 'XFDWR &1, 3DROXFFL 0H]]R GXFDWR &1, 3DROXFFL 4XDUWR GL GXFDWR &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 7UDLUR GD VROGL &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL 'D 0% D %% $OYLVH 3LVDQL GRJH &;,9

4XDUWR GL VFXGR GHOOD FURFH GD ]HFFKLQL $9 J $/2<6,96 3,6$1, '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR = ) =RU]L )RVFROR PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, YDU 3DROXFFL SDJ )ULHGEHUJ Â± (VWUHPDPHQWH UDUR 6SO ([ DVWD 1$& 3URYHQLHQWH GDOOD FROOH]LRQH =RSSROD DFTXLVWDWR GDO FRQWH $VTXLQL QHO SHU OLUH

=HFFKLQR $9 J $/2< 3,6$1, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH VHWWH D G H VHWWH D V &1, 3DROXFFL )ULHGEHUJ 0LJOLRUH GL %%

'D VROGL GD ]HFFKLQR $9 J $/2< Â± 3,6$1, ' ,O GRJH FRQ YHVVLOOR JHQXIOHVVR D V H FRQ OR VJXDUGR ULYROWR YHUVR OÂ¶DOWR $OOÂ¶HVHUJR 5Y 6$1&7 0$5&96 9(1 /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR &1, 3DROXFFL SDJ )ULHGEHUJ Â± (VWUHPDPHQWH UDUD T 6SO

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD &OHULFL QHO SHU OLUH

0H]]R ]HFFKLQR $9 J $/2< 3,6 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y /9; 091 Â± (*2 690 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH VHL D G H VHL D V &1, 3DROXFFL )ULHGEHUJ 5DUR %XRQ %%

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

4XDUWR GL ]HFFKLQR $9 J $/2< 3,6 Â± 6 0 9(1 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y /9; 091 Â± (*2 690 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH VHL D G H VHL D V &1, 3DROXFFL )ULHGEHUJ 5DUR T %%

6FXGR GHOOD FURFH $5 J $/2<6,96 3,6$1, '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR = ) =RU]L )RVFROR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

0H]]R VFXGR GHOOD FURFH $5 J $/2<6,96 3,6$1, '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR = ) =RU]L )RVFROR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR %%

4XDUWR GL VFXGR GHOOD FURFH $5 J $/2<6,96 3,6$1, '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR = ) =RU]L )RVFROR PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

'XFDWRQH GD VROGL $5 J 6 0 9 $/2<6,96 3,6$1, ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR = ) =RU]L )RVFROR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5* 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 0LJOLRUH GL 6SO

0H]]R GXFDWRQH GD VROGL $5 J 6 0 9 $/2< 3,6$1, ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR = ) =RU]L )RVFROR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR 3DWLQD LULGHVFHQWH T 6SO

'XFDWR GL GRSSLR SHVR $5 J 6 0 9 $/2<6,96 3,6$1, ' 6 0DUFR QLPEDWR H EHQHGLFHQWH VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 0 6 0LFKLHO 6RUDQ]R PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR &1, 3DROXFFL Â± FIU 5DULVVLPR ,PSHUIH]LRQL QHO FRQWRUQR DOWULPHQWL %%

2WWDYR GL GXFDWR SURYD $5 J 6 0 9 $/2< 3,6$1, ' 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR 0 6 0LFKLHO 6RUDQ]R PDVVDUR 5Y 2&7 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR 1HO JLUR GHOOD OHJJHQGD PRQWH VRUPRQWDWR GD FDVWHOOR H DOOÂ¶HVHUJR WUH URVH &1, 3DROXFFL 5DULVVLPR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

2WWDYR GL GXFDWR SURYD ULFRQLR GHO $5 J 6 0 9 $/2< 3,6$1, ' 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR 0 6 0LFKLHO 6RUDQ]R PDVVDUR 5Y 2&7 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR &1, FIU 3DROXFFL FIU 0ROWR UDUR )RQGL OXFHQWL T )GF

6HGLFHVLPR GL GXFDWR SURYD $5 J 6 0 9 $/2< 3,6$1, ' 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR 0 6 0LFKLHO 6RUDQ]R PDVVDUR 5Y ;9, '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR &1, 3DROXFFL 5DULVVLPR 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

6HGLFHVLPR GL GXFDWR SURYD ULFRQLR GHO $5 J 6 0 9 $/2< 3,6$1, ' 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR 0 6 0LFKLHO 6RUDQ]R PDVVDUR 5Y ;9, '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR &1, 3DROXFFL 0ROWR UDUR T )GF

6HGLFHVLPR GL GXFDWR $5 J 6 0 9 $/2< 3,6$1, ' 6 0DUFR QLPEDWR VHGXWR LQ WURQR D V EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR 0 6 0LFKLHO 6RUDQ]R PDVVDUR 5Y 35(6',990 9(1(725 /D %HDWD 9HUJLQH QLPEDWD FRQ LO %DPELQR LQ EUDFFLR DOOÂ¶HVHUJR &1, Â± 3DROXFFL Â± (VWUHPDPHQWH UDUR 6SO

/HRQH SHU OH SURYLQFH PDULWWLPH R JDOHD]]D $5 J 6 0 9(1(796 Â± $/2< 3,6$1, ' 6 0DUFR QLPEDWR VWDQWH D V EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR 5Y 3529,1&,-6 0$5,7,0,6 '$790 *DOHD D WUH DOEHUL VXO PDUH GXH QDYL H VXOOR VIRQGR PRQWL IRUWLILFDWL $OOÂ¶HVHUJR ;,, &1, 3DROXFFL 5DULVVLPR %XRQ %% ([ FROOH]LRQH *DYD]]L

0H]]R OHRQH SHU OH SURYLQFH PDULWWLPH R PH]]D JDOHD]]D $5 J 6 0 9(1(796 Â± $/2< 3,6$1, ' 6 0DUFR QLPEDWR VWDQWH D V EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR 5Y 3529,1&,-6 0$5,7,0,6 '$790 *DOHD D WUH DOEHUL VXO PDUH GXH QDYL H VXOOR VIRQGR PRQWL IRUWLILFDWL $OOÂ¶HVHUJR 9, &1, 3DROXFFL 5DULVVLPR /LHYL GHEROH]]H DOWULPHQWL T 6SO ([ FROOH]LRQH *DYD]]L

4XDUWR OHRQH SHU OH SURYLQFH PDULWWLPH R TXDUWR GL JDOHD]]D $5 J 6 0 9(1(796 Â± $/2< 3,6$1, ' 6 0DUFR QLPEDWR VWDQWH D V EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR 5Y 3529,1&,-6 0$5,7,0,6 '$790 *DOHD D WUH DOEHUL VXO PDUH GXH QDYL H VXOOR VIRQGR PRQWL IRUWLILFDWL $OOÂ¶HVHUJR ,,, &1, 3DROXFFL 0ROWR UDUR %XRQ %% ([ FROOH]LRQH *DYD]]L

/RWWR GL GLHFL PRQHWH 'XFDWR &1, 3DROXFFL 0H]]R GXFDWR &1, 3DROXFFL 4XDUWR GL GXFDWR &1, YDU 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL IDOVR GÂ¶HSRFD 7UDLUR GD VROGL &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL 'D 0% D EXRQ %%

3LHWUR *ULPDQL GRJH &;9

'XFDWRQH GD ]HFFKLQL $9 J 6 0 9 3(7596 *5,0$1, ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR ) 3 )UDQFHVFR 3DVTXDOLJR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH DOOÂ¶HVHUJR &1, Â± 3DROXFFL SDJ )ULHGEHUJ Â± (VWUHPDPHQWH UDUR 7UDFFH GL PRQWDWXUD DOWULPHQWL %%

4XDUWR GL GXFDWR GD ]HFFKLQL $9 J 6 0 9 3(7 *5,0$1, ' 6 0DUFR QLPEDWR VHGXWR LQ FDWWHGUD D V EHQHGLFH LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR ) $ ) )UDQFHVFR $QWRQLR )RVFDULQL PDVVDUR 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR &1, 3DROXFFL SDJ )ULHGEHUJ Â± 5DULVVLPR 6SO ([ DVWD 1$&

'RSSLR ]HFFKLQR R ]HFFKLQR GL GRSSLR SHVR $9 J 3(7 *5,0$1, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR T 6SO ([ DVWD 1$& 3URYHQLHQWH GDOOD FROOH]LRQL 'H /D]DUD H *DYD]]L

=HFFKLQR $9 J 3(7 *5,0$1, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ T 6SO

6ROGR GD ]HFFKLQR $9 J 6 0 9 3(7 *5,0 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 5Y '()(16 Â± 1267(5 ,O 5HGHQWRUH QLPEDWR VWDQWH GL IURQWH EHQHGLFHQWH H FRQ LO 9DQJHOR QHOOD V &1, 3DROXFFL SDJ )ULHGEHUJ Â± (VWUHPDPHQWH UDUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR QHO SHU OLUH

0H]]R ]HFFKLQR $9 J 3(7 *5,0$1, Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y /9; 091 Â± (*2 690 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH VHL D G H VHL D V &1, 3DROXFFL )ULHGEHUJ 5DUR T 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

4XDUWR GL ]HFFKLQR $9 J 3(7 *5,0 Â± 6 0 9(1 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y /9; 091 Â± (*2 690 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH VHWWH D G H VHWWH D V &1, 3DROXFFL )ULHGEHUJ 5DUR *UDIILHWWL DO GU DOWULPHQWL EXRQ %% ([ FROOH]LRQH =RSSROD

6FXGR GHOOD FURFH $5 J 3(7596 *5,0$1, '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR ) 3 )UDQFHVFR 3DVTXDOLJR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO

([ DVWD 9DUHVL $13%

0H]]R VFXGR GHOOD FURFH $5 J 3(7596 *5,0$1, '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR ) 3 )UDQFHVFR 3DVTXDOLJR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 6SO

4XDUWR GL VFXGR GHOOD FURFH $5 J 3(7596 *5,0$1, '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH DOOÂ¶HVHUJR ) 3 )UDQFHVFR 3DVTXDOLJR PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR T %%

'XFDWRQH GD VROGL $5 J 6 0 9 3(7596 *5,0$1, ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR DOOÂ¶HVHUJR ) 3 )UDQFHVFR 3DVTXDOLJR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 6SO ([ FROOH]LRQH =RSSROD

'XFDWR $5 J 6 0 9 3(7596 *5,0$1, ' 6 0DUFR QLPEDWR H EHQHGLFHQWH VHGXWR LQ WURQR D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ % $OYLVH %DUEDUR PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH D V SRJJLD OD ]DPSD DQWHULRUH G VX OLEUR DSHUWR &1, 3DROXFFL %HOOD SDWLQD GL PHGDJOLHUH PLJOLRUH GL 6SO ([ DVWD 9DUHVL $13%

=HFFKLQR GD EHUUHWWR SHU L SXEEOLFL FRPDQGDGRUL GL SDOD]]R GXFDOH &X J 3(7 *5,0$1, Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; *DPEHULQL SURQWXDULR 5DUR %XRQ %%

/RWWR GL GLHFL PRQHWH 'XFDWR &1, 3DROXFFL 0H]]R GXFDWR &1, 3DROXFFL 4XDUWR GL GXFDWR &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 7UDLUR GD VROGL &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL 'D 0% D PLJOLRUH GL %% )UDQFHVFR /RUHGDQ GRJH &;9,

4XDUWR GL GXFDWR GD ]HFFKLQL $9 J 6 0 9 )5$1& /$95('$12 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR * $ & *LDFRPR $QWRQLR &RQWDULQL PDVVDUR 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL SDJ )ULHGEHUJ Â± 5DULVVLPR 0LJOLRUH GL %%

'RSSLR ]HFFKLQR R ]HFFKLQR GL GRSSLR SHVR $9 J )5$1& /$95(' Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR %HOOLVVLPR HG LQWHUHVVDQWH HVHPSODUH T )GF ([ DVWD 1$& 3URYHQLHQWH GDOOH FROOH]LRQL 'H /D]DUD H *DYD]]L

=HFFKLQR $9 J )5$1& /$95(' Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, YDU 3DROXFFL )ULHGEHUJ 0LJOLRUH GL 6SO

=HFFKLQR $9 J )5$1& /$95(' ' Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 9DULDQWH UDULVVLPD T 6SO 9DULDQWH UDULVVLPD FRQ ' GL '9; FKH VHJXH LO SDWURQLPLFR GHO GRJH DO GU

0H]]R ]HFFKLQR $9 J )5$1& /$95(' Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR 0LJOLRUH GL %%

([ FROOH]LRQL 'H /D]DUD H *DYD]]L

4XDUWR GL ]HFFKLQR $9 J )5$1& /$95(' Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR T 6SO

%H]]R GD ]HFFKLQR $9 J 6 0 9 )5$1& /$95(' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 5Y '()(16 Â± 1267(5 ,O 5HGHQWRUH QLPEDWR VWDQWH GL IURQWH EHQHGLFHQWH H FRQ LO 9DQJHOR QHOOD V &1, 3DROXFFL SDJ )ULHGEHUJ Â± (VWUHPDPHQWH UDUR )RUR RWWXUDWR DOWULPHQWL T )GF ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

'RSSLD $9 J )5$1& /$95('$12 '9; 9(1(7 &URFH RUQDWD H ILRULWD DOOÂ¶HVHUJR , 3 ,VHSSR 3L]]DPDQR PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR DL ODWL 6 Â± &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUD 7RQGHOOR OLHYHPHQWH RQGXODWR DOWULPHQWL 6SO

'RSSLD $9 J FRPSUHVD PRQWDWXUD )5$1& /$95('$12 '9; 9(1(7 &URFH RUQDWD H ILRULWD DOOÂ¶HVHUJR , 3 ,VHSSR 3L]]DPDQR PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR DL ODWL 6 Â± &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUD (OHJDQWH PRQWDWXUD GÂ¶HSRFD 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD / +DPEXHUJHU SHU OLUH

6FXGR GHOOD FURFH $5 J )5$1& /$95('$12 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * $ & *LDFRPR $QWRQLR &RQWDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 6SO

0H]]R VFXGR GHOOD FURFH $5 J )5$1& /$95('$12 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * $ & *LDFRPR $QWRQLR &RQWDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 7UDFFLD GL ULEDWWLWXUD DOWULPHQWL PLJOLRUH GL 6SO

4XDUWR GL VFXGR GHOOD FURFH $5 J )5$1& /$95('$12 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * $ & *LDFRPR $QWRQLR &RQWDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, YDU 3DROXFFL 0ROWR UDUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD / +DPEXUJHU JLXJQR *QHFFKL SHU OLUH

'XFDWRQH GD VROGL $5 J 6 0 9 )5$1& /$95('$12 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR * $ & *LDFRPR $QWRQLR &RQWDULQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

'XFDWR $5 J 6 0 9 )5$1& /$95('$12 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR * $ & *LDFRPR $QWRQLR &RQWDULQL PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, YDU 3DROXFFL T 6SO

'XFDWR $5 J 6 0 9 )5$1& /$95('$12 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 6 % 6WHIDQR %DUEDUR PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL T 6SO

4XDUWR GL GXFDWR $5 J 6 0 9 )5$1& /$95('$12 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR * $ & *LDFRPR $QWRQLR &RQWDULQL PDVVDUR 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL %XRQ %% ([ FROOH]LRQH *DYD]]L

'D VROGL $5 J )5$1& Â± /$95('$12 ' ,O GRJH FRQ YHVVLOOR JHQXIOHVVR D V H FRQ OR VJXDUGR ULYROWR YHUVR OÂ¶DOWR $OOÂ¶HVHUJR 5Y 6$1&7 0$5&96 9(1 /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR &1, 3DROXFFL (VWUHPDPHQWH UDUD T %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

'D VROGL $5 J )5$1& Â± /$95('$12 ,O GRJH FRQ YHVVLOOR JHQXIOHVVR D V H FRQ OR VJXDUGR ULYROWR YHUVR OÂ¶DOWR $OOÂ¶HVHUJR 5Y 6$1&7 0$5&96 9(1 /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR &1, 3DROXFFL (VWUHPDPHQWH UDUD %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

7UDLUR GD VROGL $5 J 6 0 9 )5$1& /$95('$ ' /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR $OOÂ¶HVHUJR 5Y ,9',&,90 Â± 5(&790 /D *LXVWL]LD VHGXWD IUD GXH OHRQL FRQ VSDGD QHOOD G H ELODQFLD QHOOD V &1, 3DROXFFL (VWUHPDPHQWH UDUR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

7DOOHUR SHU LO /HYDQWH SULPR WLSR $5 J )5$1& /$85('$12 '8&( /HRQH DODWR H QLPEDWR UDPSDQWH D V FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL HQWUR VFXGR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G FRQ FRUQR GXFDOH H PDQWR GÂ¶HUPHOOLQR &1, 3DROXFFL 5DULVVLPR 3DWLQD GL PHGDJOLHUH VX IRQGL OXFHQWL 6SO

7DOOHUR SHU LO /HYDQWH VHFRQGR WLSR $5 J )5$1& /$85('$12 '8&( - /HRQH DODWR H QLPEDWR UDPSDQWH D V FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL HQWUR VFXGR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G FRQ FRUQR GXFDOH H PDQWR GÂ¶HUPHOOLQR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH T 6SO

7DOOHUR SHU LO /HYDQWH VHFRQGR WLSR $5 J )5$1& /$85('$12 '8&( - - /HRQH DODWR H QLPEDWR UDPSDQWH D V FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL HQWUR VFXGR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G FRQ FRUQR GXFDOH H PDQWR GÂ¶HUPHOOLQR &1, 3DROXFFL 5DUR /LHYH GLIHWWR VXO ERUGR DO GU DOWULPHQWL PLJOLRUH GL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

0H]]R WDOOHUR SHU LO /HYDQWH $5 J )5$1& /$85('$12 '8&( , /HRQH DODWR H QLPEDWR UDPSDQWH D V FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL HQWUR VFXGR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G FRQ FRUQR GXFDOH H PDQWR GÂ¶HUPHOOLQR &1, 3DROXFFL 5DULVVLPR HG LQ HFFH]LRQDOH VWDWR GL FRQVHUYD]LRQH )RQGL OXFHQWL T )GF ([ FROOH]LRQH *DYD]]L

0H]]R WDOOHUR SHU LO /HYDQWH $5 J )5$1& /$85('$12 '8&( - /HRQH DODWR H QLPEDWR UDPSDQWH D V FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL HQWUR VFXGR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G FRQ FRUQR GXFDOH H PDQWR GÂ¶HUPHOOLQR &1, 3DROXFFL 5DULVVLPR 0LJOLRUH GL %%

0H]]R WDOOHUR SHU LO /HYDQWH $5 J )5$1& /$85('$12 '8&( - - /HRQH DODWR H QLPEDWR UDPSDQWH D V FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL HQWUR VFXGR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G FRQ FRUQR GXFDOH H PDQWR GÂ¶HUPHOOLQR &1, Â± 3DROXFFL Â± 'DWD DSSDUHQWHPHQWH LQHGLWD 0LJOLRUH GL %% T 6SO

2VHOOD DQQR , $5 J 6 0 9 )5$1& Â± /$95(' ' 6 0DUFR VWDQWH D V DL SLHGL GL XQD VWDWXD GHOOD %HDWD 9HUJLQH FRO %DPELQR VXOOD TXDOH DSSRJJLD LO VXR 9DQJHOR D G LO GRJH JHQXIOHVVR LQ SUHJKLHUD FRQ FRUQR GRJDOH GHSRVWR H LQ SULPR SLDQR LO OHRQH DFFRYDFFLDWR $OOÂ¶HVHUJR * $ & *LDFRPR $QWRQLR &RQWDULQL 5Y )5$1&,6 /$95('$1, 35,1&,3,6 09196 $1 , HQWUR FDUWHOOD RUQDWD &1, 3DROXFFL ,, 0LJOLRUH GL 6SO ([ DVWD 9DUHVL $13%

2VHOOD DQQR ,,, $5 J 6 0 9 )5$1& /$95('$12 '9; 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 9 $ & $OYLVH $QWRQLR &RUQHU PDVVDUR 5Y &RUQR GXFDOH )5$1&,6 /$95('$1, 35,1&,3,6 09196 $1 ,,, 0'&&/,9 &1, 3DROXFFL ,, 0LJOLRUH GL 6SO

/RWWR GL TXDWWUR PRQHWH 'XFDWR &1, 3DROXFFL 0H]]R GXFDWR &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL 'D 0% D T 6SO

/RWWR GL GXH PRQHWH 7DOOHUR SHU LO /HYDQWH VHFRQGR WLSR &1, 3DROXFFL 0HGLDPHQWH EXRQ %%

0DUFR )RVFDULQL GRJH &;9,,

0H]]R VFXGR GHOOD FURFH GD ]HFFKLQL $9 J 0$5&86 )$6&$5(196 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = ' =XDQQH 'ROILQ PDVVDUR 5Y 6$1 LQYHUVD &796 0$5&96 9(1 LQYHUVD (7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, Â± 3DROXFFL SDJ )ULHGEHUJ Â± (VWUHPDPHQWH UDUR )RQGL OXFHQWL H HVHPSODUH GL FRQVHUYD]LRQH HFFH]LRQDOH T )GF ([ FROOH]LRQH =RSSROD DFTXLVWDWR GDO FRQWH $VTXLQL QHO SHU OLUH

=HFFKLQR $9 J 0 )26&$5(196 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR 6SO

([ FROOH]LRQL 'H /D]DUD H *DYD]]L

0H]]R ]HFFKLQR $9 J 0 )26&$5(1 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR )RQGL OXFHQWL PLJOLRUH GL 6SO

4XDUWR GL ]HFFKLQR $9 J 0 )26&$5( Â± 6 0 9(1 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ (VWUHPDPHQWH UDUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

6FXGR GHOOD FURFH $5 J 0$5&86 )26&$5(196 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = ' =XDQQH 'ROILQ PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 6SO

0H]]R VFXGR GHOOD FURFH $5 J 0$5&86 )26&$5(196 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = ' =XDQQH 'ROILQ PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 0LJOLRUH GL 6SO ([ DVWD 9DUHVL $13%

4XDUWR GL VFXGR GHOOD FURFH $5 J 0$5& )26&$5(196 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = ' =XDQQH 'ROILQ PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH VX IRQGL OXFHQWL T )GF ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD / +DPEXUJHU JLXJQR *QHFFKL SHU OLUH

2WWDYR GL VFXGR GHOOD FURFH $5 J 0$5& )26&$5(196 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR = ' =XDQQH 'ROILQ PDVVDUR 5Y 6$1&7 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 5DULVVLPR 7UDFFLD GL ULEDWWLWXUD DOWULPHQWL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

'XFDWRQH GD VROGL $5 J 6 0 9 0 )26&$5(196 '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR = ' =XDQQH 'ROILQ PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL (VWUHPDPHQWH UDUR 3DWLQD GL PHGDJOLHUH IUDWWXUD GHO WRQGHOOR DOWULPHQWL T 6SO

'XFDWR $5 J 6 0 9 0$5& )26&$5(196 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR = ' =XDQQH 'ROILQ PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL (VWUHPDPHQWH UDUR 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

'XFDWR $5 J 6 0 9 0$5& )26&$5(196 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR = 0 PDVVDUR VFRQRVFLXWR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL (VWUHPDPHQWH UDUR %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

0H]]R GXFDWR $5 J 6 0 9 0$5& )26&$5(196 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR = 0 PDVVDUR VFRQRVFLXWR 5Y 0(', '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL (VWUHPDPHQWH UDUR T %% ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

4XDUWR GL GXFDWR $5 J 6 0 9 0$5& )26&$5(1 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR = ' =XDQQH 'ROILQ PDVVDUR 5Y 49$5 '9&$7 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL (VWUHPDPHQWH UDUR 7UDFFH GL ULEDWWLWXUD DOWULPHQWL EXRQ %%

4XDUWR GL GXFDWR $5 J 6 0 9 0$5& )26&$5(1 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR = ' =XDQQH 'ROILQ PDVVDUR 5Y 49$5 '9&$7 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, YDU 3DROXFFL (VWUHPDPHQWH UDUR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

7DOOHUR SHU LO /HYDQWH $5 J 0$5&2 )26&$5(12 '8&( - /HRQH DODWR H QLPEDWR UDPSDQWH D V FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL HQWUR VFXGR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G FRQ FRUQR GXFDOH H PDQWR GÂ¶HUPHOOLQR &1, 3DROXFFL 0ROWR UDUR T 6SO

0H]]R WDOOHUR SHU LO /HYDQWH $5 J 0$5&2 )26&$5(12 '8&( - /HRQH DODWR H QLPEDWR UDPSDQWH D V FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL HQWUR VFXGR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G FRQ FRUQR GXFDOH H PDQWR GÂ¶HUPHOOLQR &1, 3DROXFFL 5DULVVLPR %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

/RWWR GL FLQTXH PRQHWH 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 7UDLUR GD VROGL &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL 'D %% D 6SO $OYLVH ,9 0RFHQLJR GRJH &;9,,,

0H]]R VFXGR GHOOD FURFH GD ]HFFKLQL $9 J $/2<6,96 02&(1,&2 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' * 'RPHQHJR *ULWWL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL SDJ )ULHGEHUJ Â± (VWUHPDPHQWH UDUR 0LJOLRUH GL 6SO ([ DVWD 1$&

0H]]R WDOOHUR SHU LO /HYDQWH GD ]HFFKLQL $9 J $/2<6,2 02&(1,&2 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ Â± 6 $QWRQLR 6FKDEHO LQFLVRUH H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, Â± FIU 3DROXFFL Â± (VWUHPDPHQWH UDUR %XRQ %% T 6SO ([ FROOH]LRQH *DYD]]L 4XHVWR PXOWLSOR q VWDWR EDWWXWR FRQ XQ FRQLR Â´SURJHWWRÂ´ SHU LO QXRYR WLSR GL PH]]R WDOOHUR SHU LO /HYDQWH FKH GRYHYD VHJXLUH SUREDELOPHQWH OÂ¶HPLVVLRQH GHL QXRYL WLSL GL WDOOHUR 7XWWDYLD PHQWUH q QRWD OÂ¶HPLVVLRQH GHJOL HVHPSODUL GL TXHVWÂ¶XOWLPR QRPLQDOH L PH]]L WDOOHUL GHO QXRYR WLSR QRQ VHPEUHUHEEHUR PDL HPHVVL

4XDUWR GL GXFDWR GD ]HFFKLQL $9 J 6 0 9 $/2< 02&(1, ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ' * 'RPHQHJR *ULWWL PDVVDUR 5Y 49$5 '9&$7 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL SDJ )ULHGEHUJ Â± 5DULVVLPR T 6SO

=HFFKLQR $9 J $/2< 02&(1 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, YDU 3DROXFFL )ULHGEHUJ 6SO

6ROGR GD ]HFFKLQR $9 J 6 0 9 $/2< 02&(1, ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 5Y '()(16 Â± 1267(5 ,O 5HGHQWRUH QLPEDWR VWDQWH GL IURQWH EHQHGLFHQWH H FRQ LO 9DQJHOR QHOOD V &1, 3DROXFFL SDJ )ULHGEHUJ Â± (VWUHPDPHQWH UDUR )RQGL OXFHQWL T )GF

0H]]R ]HFFKLQR $9 J $/2< 02&(1 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR 0LJOLRUH GL %%

0H]]R ]HFFKLQR $9 J $/2< 02&(1 Â± 6 0 9(1( 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR T 6SO

4XDUWR GL ]HFFKLQR $9 J $/2 02&(1 Â± 6 0 9(1 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR T 6SO

6FXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' * 'RPHQHJR *ULWWL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR ,PSHUFHWWLELOH FROSHWWR VXO FLJOLR DOWULPHQWL PLJOLRUH GL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

6FXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR % & %HQHWWR &DSHOOR PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 6LJOD GL PDVVDUR UDULVVLPD 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

6FXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 0 $ 7 0DUFR $QWRQLR 7UHYLVDQ PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 6WXSHQGD SDWLQD GL PHGDJOLHUH 6SO ([ DVWD /DQ] FROOH]LRQH 0DUTXLV $OE 9RQ +RHQNXELQ

0H]]R VFXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' * 'RPHQHJR *ULWWL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

4XDUWR GL VFXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' * 'RPHQHJR *ULWWL PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR )RQGL EULOODQWL T )GF ([ FROOH]LRQH *DYD]]L

4XDUWR GL VFXGR GHOOD FURFH $5 J $/2<6,96 02&(1,&2 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR 0 $ 7 0DUFR $QWRQLR 7UHYLVDQ PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH T )GF

2WWDYR GL VFXGR GHOOD FURFH $5 J $/2< 02&(1,&2 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR ' * 'RPHQHJR *ULWWL PDVVDUR 5Y 6$1&7 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 0ROWR UDUR &RQVXHWH WUDFFH GL ULEDWWLWXUD DOWULPHQWL T )GF ([ FROOH]LRQH *DYD]]L

'XFDWRQH GD VROGL $5 J 6 0 9 $/2< 02&(1,&2 '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR ' * 'RPHQHJR *ULWWL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH 6SO

0H]]R GXFDWRQH GD VROGL $5 J 6 0 9 $/2< 02&(1,&2 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR ' * 'RPHQHJR *ULWWL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR T 6SO ([ FROOH]LRQH *DYD]]L DFTXLVWDWR GDOOD GLWWD %DUDQRZVN\ QHO

4XDUWR GL GXFDWRQH GD VROGL $5 J 6 0 9 $/2< 02&(1, ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR ' * 'RPHQHJR *ULWWL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 3DWLQD GL PHGDJOLHUH %%

2WWDYR GL GXFDWRQH GD VROGL H PH]]R $5 J 6 0 9 $/2< 02&(1, ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR ' * 'RPHQHJR *ULWWL PDVVDUR 5Y 0(025 (52 79, ,967 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 0ROWR UDUR /LHYHPHQWH WRVDWR T 6SO ([ FROOH]LRQH *DYD]]L

'XFDWR GL GRSSLR SHVR $5 J 6 0 9 $/2< 02&(1,&2 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ' * 'RPHQHJR *ULWWL PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL Â± FIU 5DULVVLPR 6SO

([ DVWD 0RQWHQDSROHRQH

'XFDWR GL GRSSLR SHVR $5 J 6 0 9 $/2< 02&(1,&2 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 5 % 3 5L]]DUGR %DOEL 3ULPR PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL Â± FIU 5DULVVLPR 6SO

'XFDWR GL GRSSLR SHVR $5 J 6 0 9 $/2< 02&(1,&2 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 9 9 9DOHULR 9DOLHU PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL Â± FIU 5DULVVLPR 6SO ([ 1*6$

'XFDWR $5 J 6 0 9 $/2< 02&(1,&2 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ' * 'RPHQHJR *ULWWL PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 6SO

'XFDWR $5 J 6 0 9 $/2< 02&(1,&2 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 5 % 3 5L]]DUGR %DOEL 3ULPR PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 0LJOLRUH GL 6SO

'XFDWR $5 J 6 0 9 $/2< 02&(1,&2 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 9 9 9DOHULR 9DOLHU PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL )RQGL OXFHQWL PLJOLRUH GL 6SO

0H]]R GXFDWR $5 J 6 0 9 $/2< 02&(1,&2 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ' * 'RPHQHJR *ULWWL PDVVDUR 5Y 0(', '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 7RQGHOOR LUUHJRODUH DOWULPHQWL PLJOLRUH GL 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

0H]]R GXFDWR $5 J 6 0 9 $/2< 02&(1,&2 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR * $ ) *LDFRPR $Q]ROR )RVFDULQL PDVVDUR 5Y 0(', '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

0H]]R GXFDWR $5 J 6 0 9 $/2< 02&(1,&2 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR * 3 *LDFRPR 3DVTXDOLJR PDVVDUR 5Y 0(', '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL )RQGL OXFHQWL PLJOLRUH GL 6SO

4XDUWR GL GXFDWR $5 J 6 0 9 $/2< 02&(1, ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR * $ ) *LDFRPR $Q]ROR )RVFDULQL PDVVDUR 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

7DOOHUR SHU LO /HYDQWH $5 J $/2<6,, 02&(1,&2 '8&( - /HRQH DODWR H QLPEDWR UDP SDQWH D V FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL HQWUR VFXGR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G FRQ FRUQR GXFDOH H PDQWR GÂ¶HUPHOOLQR &1, 3DROXFFL 0ROWR UDUR T 6SO

7DOOHUR SHU LO /HYDQWH $5 J $/2<6,, 02&(1,&2 '8&( - /HRQH DODWR H QLPEDWR UDPSDQWH D V FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL HQWUR VFXGR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G FRQ FRUQR GXFDOH H PDQWR GÂ¶HUPHOOLQR &1, 3DROXFFL 0ROWR UDUR %XRQ %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

7DOOHUR SHU LO /HYDQWH QXRYR WLSR $5 J $/2<6,2 02&(1,&2 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ 6 $QWRQLR 6FKDEHO LQFLVRUH H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, 3DROXFFL ,PSHUFHWWHELOH JUDIILHWWR VXOOD JXDQFLD DO GU DOWULPHQWL 6SO 0LJOLRUH GL 6SO

7DOOHUR SHU LO /HYDQWH QXRYR WLSR $5 J $/2<6,2 02&(1,&2 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ 6 $QWRQLR 6FKDEHO LQFLVRUH H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, 3DROXFFL (VHPSODUH GL FRQVHUYD]LRQH HFFH]LRQDOH FRQ IRQGL VSHFXODUL T )GF ([ FROOH]LRQH *DYD]]L DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

0H]]R WDOOHUR SHU LO /HYDQWH $5 J $/2<6,, 02&(1,&2 '8&( - /HRQH DODWR H QLPEDWR UDPSDQWH D V FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL HQWUR VFXGR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G FRQ FRUQR GXFDOH H PDQWR GÂ¶HUPHOOLQR &1, 3DROXFFL 5DULVVLPR 6SO

2VHOOD DQQR ;9, $5 J 359'(17,$ (7 &2167$17,$ 6SHFFKLR HG DQFRUD GHFXVVDWL DOOÂ¶HVHUJR / $ ) /HRQDUGR $OYLVH )RVFDULQL PDVVDUR 5Y $/2<6,, 02&(1,&, 35,1&,3,6 08186 $ ;9, HQWUR FRURQD GL IRJOLH &1, 3DROXFFL ,, 6SO ([ DVWD 9DUHVL $13%

/RWWR GL VHWWH PRQHWH 'XFDWR &1, 3DROXFFL 4XDUWR GL GXFDWR &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 7UDLUR GD VROGL &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL 'D %% D 6SO

/RWWR GL VHL PRQHWH 'XFDWR &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 7UDLUR GD VROGL &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL 'D EXRQ %% D 6SO 3DROR 5HQLHU GRJH &;,;

=HFFKLQR $9 J 3$9/ 5$,1(5 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ )RQGL OXFHQWL T )GF ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

([ FROOH]LRQL 'H /D]DUD H *DYD]]L

'D VROGL GD ]HFFKLQR $9 J 3$9/ Â± 5$,1(596 ,O GRJH FRQ YHVVLOOR JHQXIOHVVR D V H FRQ OR VJXDUGR ULYROWR YHUVR OÂ¶DOWR $OOÂ¶HVHUJR 5Y 6$1&7 0$5&96 9(1 /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR &1, FIU LQGLFDWR SHU OÂ¶DQQR 3DROXFFL SDJ LQGLFDWR SHU OÂ¶DQQR )ULHGEHUJ Â± (VWUHPDPHQWH UDUD 0LJOLRUH GL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU SHU OLUH

6ROGR GD ]HFFKLQR $9 J 6 0 9 3$9/ 5$,1 ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 5Y '()(16 Â± 1267(5 ,O 5HGHQWRUH QLPEDWR VWDQWH GL IURQWH EHQHGLFHQWH H FRQ LO 9DQJHOR QHOOD V &1, 3DROXFFL SDJ )ULHGEHUJ Â± (VWUHPDPHQWH UDUR 0LJOLRUH GL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR QHOOD YHQGLWD DOOÂ¶DVWD GHOOD FROOH]LRQH &UHVSHOODQL SHU OLUH

0H]]R ]HFFKLQR $9 J 3$9/ 5$,1( Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 0ROWR UDUR /LHYL GHEROH]]H GL FRQLR DOWULPHQWL 6SO

%H]]R GD Ã² ]HFFKLQR $9 J 6 0 9 3$9/ 5$,1(5 ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 5Y '()(16 Â± 1267(5 ,O 5HGHQWRUH QLPEDWR VWDQWH GL IURQWH EHQHGLFHQWH H FRQ LO 9DQJHOR QHOOD V &1, 3DROXFFL SDJ )ULHGEHUJ Â± (VWUHPDPHQWH UDUR 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

4XDUWR GL ]HFFKLQR $9 J 3$9/ 5$,1( Â± 6 0 9(1 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR 0LJOLRUH GL %% ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

6FXGR GHOOD FURFH $5 J 3$8/86 5$,1(5,86 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR / $ ) /XQDUGR $OYLVH )RVFDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH PLJOLRUH GL 6SO

0H]]R VFXGR GHOOD FURFH $5 J 3$8/86 5$,1( '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR / $ ) /XQDUGR $OYLVH )RVFDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR (VHPSODUH GL FRQVHUYD]LRQH HFFH]LRQDOH FRQ IRQGL VSHFXODUL )GF ([ FROOH]LRQH *DYD]]L DFTXLVWDWR GD 5 5DWWR QHO

0H]]R VFXGR GHOOD FURFH $5 J 3$8/86 5$,1( '9; 9(1(7 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR / $ ) /XQDUGR $OYLVH )RVFDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

4XDUWR GL VFXGR GHOOD FURFH $5 J 3$8/86 5$,1( '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR / $ ) /XQDUGR $OYLVH )RVFDULQL PDVVDUR 5Y 6$1&796 0$5& 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH 6SO

2WWDYR GL VFXGR GHOOD FURFH $5 J 3$8/ 5$,1( '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR / $ ) /XQDUGR $OYLVH )RVFDULQL PDVVDUR 5Y 6$1&7 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Â± Ã² &1, 3DROXFFL 0ROWR UDUR T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

'XFDWRQH GD VROGL $5 J 6 0 9 3$9/ 5$,1(5,96 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR / $ ) /XQDUGR $OYLVH )RVFDULQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR &RQLDWR VX WRQGHOOR GL PRGXOR FRQWRUQLDWR 3DWLQD GL PHGDJOLHUH OHJJHUH WUDFFH GL ULEDWWLWXUD DOWULPHQWL 6SO

'XFDWRQH GD VROGL $5 J 6 0 9 3$9/ 5$,1(5,96 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR / $ ) /XQDUGR $OYLVH )RVFDULQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, YDU 3DROXFFL 5DUR 3DWLQD GL PHGDJOLHUH H HVHPSODUH GL QRWHYROH FRQVHUYD]LRQH T )GF

'XFDWRQH GD VROGL $5 J 6 0 9 3$9/ 5$,1(5,96 '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR % & %HQHWWR &DSHOOR PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 6SO

0H]]R GXFDWRQH GD VROGL $5 J 6 0 9 3$9/ 5$,1(5,96 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR / $ ) /XQDUGR $OYLVH )RVFDULQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR 'HEROH]]H GL FRQLR DOWULPHQWL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD / +DPEXUJHU JLXJQR *QHFFKL SHU OLUH

4XDUWR GL GXFDWRQH GD VROGL $5 J 6 0 9 3$9/ 5$,1(5,96 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR / $ ) /XQDUGR $OYLVH )RVFDULQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR %HOOLVVLPD SDWLQD GL PHGDJOLHUH H FRQVHUYD]LRQH HFFH]LRQDOH T )GF ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD / +DPEXUJHU JLXJQR *QHFFKL SHU OLUH

2WWDYR GL GXFDWRQH GD VROGL H PH]]R $5 J 6 0 9 3$9/ 5$,1(5,96 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR / $ ) /XQDUGR $OYLVH )RVFDULQL PDVVDUR 5Y 0(025 (52 79, ,967 9,5*2 6 *LXVWLQD VWDQWH GL IURQWH FRQ SDOPD QHOOD G H OLEUR QHOOD V DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 0ROWR UDUR 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD / +DPEXUJHU JLXJQR *QHFFKL SHU OLUH

'XFDWR $5 J 6 0 9 3$9/ 5$,1(5,96 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR / $ ) /XQDUGR $OYLVH )RVFDULQL PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 6SO

'XFDWR $5 J 6 0 9 3$9/ 5$,1(5,96 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR % & %HQHWWR &DSHOOR PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 0LJOLRUH GL 6SO ([ DVWD 0RQWHQDSROHRQH

'XFDWR $5 J 6 0 9 3$9/ 5$,1(5,96 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR 5 % 5DLPRQGR %HPER R 5L]]DUGR %DOEL PDVVDUL 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 0LJOLRUH GL 6SO

'XFDWR $5 J 6 0 9 3$9/ 5$,1(5,96 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ ) $OYLVH )RVFDULQL PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 6SO

'XFDWR $5 J 6 0 9 3$9/ 5$,1(5,96 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ 2 $Q]ROR 2ULR PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 6LJOD GL PDVVDUR PROWR UDUD 6SO

'XFDWR $5 J 6 0 9 3$9/ 5$,1(5,96 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR * ) *HURODPR )RVFDULQL R *LDFRPR )RVFDULQL PDVVDUL 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 5DUD VLJOD GL PDVVDUR 0LJOLRUH GL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD * 0DMHU QHO SHU OLUH

'XFDWR $5 J 6 0 9 3$9/ 5$,1(5,96 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ ' PDVVDUR VFRQRVFLXWR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 3DWLQD GL PHGDJOLHUH PLJOLRUH GL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

4XDUWR GL GXFDWR $5 J 6 0 9 3$9/ 5$,1(5,96 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR / $ ) /XQDUGR $OYLVH )RVFDULQL PDVVDUR 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL T 6SO

4XDUWR GL GXFDWR $5 J 6 0 9 3$9/ 5$,1(5,96 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR % & %HQHWWR &DSHOOR PDVVDUR 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 6SO

'D VROGL $5 J 3$9/ Â± 5$,1(596 ,O GRJH FRQ YHVVLOOR JHQXIOHVVR D V H FRQ OR VJXDUGR ULYROWR YHUVR OÂ¶DOWR $OOÂ¶HVHUJR 5Y 6$1&7 0$5&96 9(1 /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR &1, 3DROXFFL T )GF

6ROGR GD EDJDWWLQL 0LVW J 6 0 9 3$9/ 5$,1 ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 5Y '()(16 Â± 1267(5 ,O 5HGHQWRUH QLPEDWR VWDQWH GL IURQWH EHQHGLFHQWH H FRQ LO 9DQJHOR QHOOD V &1, 3DROXFFL 1RWHYROH FRQVHUYD]LRQH T )GF

%H]]R GD EDJDWWLQL 0LVW J 6 0 9 3$9/ 5$,1(5 ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 5Y '()(16 Â± 1267(5 ,O 5HGHQWRUH QLPEDWR VWDQWH GL IURQWH EHQHGLFHQWH H FRQ LO 9DQJHOR QHOOD V &1, 3DROXFFL 0ROWR UDUR 0LJOLRUH GL %%

7DOOHUR SHU LO /HYDQWH $5 J 3$8/2 5$,1(5,2 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ Â± 6 $QWRQLR 6FKDEHO LQFLVRUH H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, 3DROXFFL 0LJOLRUH GL 6SO

0H]]R WDOOHUR SHU LO /HYDQWH $5 J 3$8/2 5$,1(5,2 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ Â± 6 $QWRQLR 6FKDEHO LQFLVRUH H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, 3DROXFFL 'DWD UDUD T 6SO

4XDUWR GL WDOOHUR SHU LO /HYDQWH $5 J 3$8/2 5$,1(5,2 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ Â± 6 $QWRQLR 6FKDEHO LQFLVRUH H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, 3DROXFFL T 6SO

([ FROOH]LRQH *DYD]]L

2WWDYR GL WDOOHUR SHU LO /HYDQWH $5 J 3$8/2 5$,1(5,2 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ Â± 6 $QWRQLR 6FKDEHO LQFLVRUH H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, 3DROXFFL *UDIILHWWL GD DJJLXVWDPHQWR GHO WRQGHOOR DO UY DOWULPHQWL EHOOÂ¶HVHPSODUH T )GF

6FXROD 'DOPDWD GL 9HQH]LD 'D VROGL $5 J 49,$ ,(696 9(1,7 ,(5262/,0$0 6 *LRUJLR D FDYDOOR WUDILJJH LO GUDJR DOOÂ¶HVHUJR 6 *(25*, 5Y $&&(3(5817 5$026 3$/0$580 6 7ULIRQH VWDQWH FRQ SDOPD QHOOD V H FLWWj QHOOD G DO VXR ILDQFR XQ IDQFLXOOR JOL SRUJH XQ UDPR GÂ¶XOLYR $OOÂ¶HVHUJR 6 75<3+21 1 ' 1LFROz 'RQj UHWWRUH &1, 3DROXFFL ,, 5DULVVLPD T 6SO

0XUDQR 2VHOOD $5 J 3$9/ 5$,1(5 ' 09196 &2091,7$7,6 095,$ ,Q DOWR VWHPPD GHO GRJH VRWWR TXHOOR GL 0XUDQR FRQ DO GL VRWWR VWHPPL DIILDQFDWL GHO SRGHVWj H GHO FDPHUOHQJR 1HO FHUFKLR LQWHUQR $1721,2 3,6$1, Â± 9(725 0(675( & 5Y $17 526(77, *$63 69$5', Â± 9,&( 0,277, 0$ =$1(77, 6WHPPL GHL TXDWWUR GHSXWDWL HQWUR FRUUQLFH GL DUFKL 3DROXFFL ,, 0ROWR UDUD )RQGL OXFHQWL T )GF

/RWWR GL VHWWH PRQHWH 'XFDWR &1, 3DROXFFL 0H]]R GL GXFDWR &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL 'D %% D 6SO

/RWWR GL VHWWH PRQHWH 'XFDWR &1, YDU 3DROXFFL 0H]]R GL GXFDWR &1, YDU 3DROXFFL 'D VROGL &1, 3DROXFFL 7UDLUR GD VROGL &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL 7DOOHUR SHU LO /HYDQWH &1, 3DROXFFL 2WWDYR GL WDOOHUR SHU LO /HYDQWH &1, 3DROXFFL 'D %% D 6SO

/XGRYLFR 0DQLQ GRJH &;;

4XDUWR GL GXFDWR GD ]HFFKLQL $9 J 6 0 9 /9'2 0$1,1 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR * ) *LDFRPR )RVFDULQL PDVVDUR 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, Â± 3DROXFFL SDJ )ULHGEHUJ Â± 5DULVVLPR 6SO

'RSSLR ]HFFKLQR R ]HFFKLQR GL GRSSLR SHVR $9 J /9'29 0$1,1 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DULVVLPR &ROSHWWR D RUH GHO GU DOWULPHQWL 6SO

=HFFKLQR $9 J /9'29 0$1,1 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y 6,7 7 ;3( '$7 4 79 Â± 5(*,6 ,67( '9&$ ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 6SO

([ FROOH]LRQH =RSSROD DFTXLVWDWR GD ( 'RWWL QHO SHU OLUH

0H]]R ]HFFKLQR $9 J /9'2 0$1,1 Â± 6 0 9(1(7 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR 7RQGHOOR GL PRGXOR ODUJR EXRQ %%

([ FROOH]LRQH *DYD]]L

4XDUWR GL ]HFFKLQR GL GRSSLR SHVR $9 J /9' 0$1,1 Â± 6 0 9(1 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL SDJ )ULHGEHUJ Â± (VWUHPDPHQWH UDUR )RQGL OXFHQWL PLJOLRUH GL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU FLUFD SHU OLUH

4XDUWR GL ]HFFKLQR $9 J /9' 0$1, Â± 6 0 9(1 6 0DUFR QLPEDWR VWDQWH D V SRUJH LO YHVVLOOR DO GRJH JHQXIOHVVR OXQJR OÂ¶DVWD '9; 5Y (*2 690 Â± /9; 091 ,O 5HGHQWRUH VWDQWH GL IURQWH HQWUR DXUHROD HOOLWWLFD FRVSDUVD GL VWHOOH &1, 3DROXFFL )ULHGEHUJ 5DUR 6SO ([ FROOH]LRQH *DYD]]L

'RSSLD $9 J /8'29,& 0$1,1 '9; 9(1( &URFH RUQDWD H ILRULWD DOOÂ¶HVHUJR 1 & 1LFROz &RUQHU PDVVDUR 5Y 6$1&796 0$5&96 9(1(796 /HRQH LQ VROGR HQWUR VFXGR DL ODWL 6 Â± &1, 3DROXFFL )ULHGEHUJ 5DULVVLPD T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD 5DWWR GHOOÂ¶ PDU]R 6DQ 5RPq SHU OLUH

0H]]D GRSSLD $9 J /9'29,& 0$1,1 '9; 9(1( &URFH RUQDWD H ILRULWD DOOÂ¶HVHUJR 1 & 1LFROz &RUQHU PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 5DULVVLPD HG LQ VWDWR GL FRQVHUYD]LRQH HFFH]LRQDOH )GF ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

4XDUWR GL GRSSLD $9 J /9' 0$1,1 '9; 9(1 &URFH RUQDWD H ILRULWD DOOÂ¶HVHUJR 1 & 1LFROz &RUQHU PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR &1, 3DROXFFL )ULHGEHUJ 5DULVVLPD HG LQ VWDWR GL FRQVHUYD]LRQH HFFH]LRQDOH )GF ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 5 5DWWR QHO SHU OLUH

6FXGR GHOOD FURFH GL GRSSLR SHVR $5 J /8'29,&96 0$1,1 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * ) *LDFRPR )RVFDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL Â± FIU 5DULVVLPR &RQVHUYD]LRQH HFFH]LRQDOH )GF

6FXGR GHOOD FURFH $5 J /8'29,&96 0$1,1 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * ) *LDFRPR )RVFDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 0LJOLRUH GL 6SO

0H]]R VFXGR GHOOD FURFH $5 J /8'29 0$1,1 '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * ) *LDFRPR )RVFDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR )RQGL OXFHQWL T )GF

4XDUWR GL VFXGR GHOOD FURFH $5 J /8'29,& 0$1,1 '9; 9(1(7,$5 &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * ) *LDFRPR )RVFDULQL PDVVDUR 5Y 6$1&796 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR 3DWLQD LULGHVFHQWH T )GF ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

2WWDYR GL VFXGR GHOOD FURFH $5 J /8'29,& 0$1,1 '9; 9(1( &URFH RUQDWD H IRJOLDWD DFFDQWRQDWD GD TXDWWUR IRJOLH GL YLWH $OOÂ¶HVHUJR * ) *LDFRPR )RVFDULQL PDVVDUR 5Y 6$1&7 0$5&96 9(1(7 /HRQH LQ VROGR HQWUR VFXGR RUQDWR DOOÂ¶HVHUJR Ã² &1, YDU 3DROXFFL 5DUR &RQVHUYD]LRQH HFFH]LRQDOH T )GF

'XFDWRQH GD VROGL $5 J 6 0 9 /9'29, 0$1,1 '9; ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR * ) *LDFRPR )RVFDULQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DUR %HOOD SDWLQD GL PHGDJOLHUH PLJOLRUH GL 6SO

0H]]R GXFDWRQH GD VROGL $5 J 6 0 9 /9'29, 0$1,1 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR * ) *LDFRPR )RVFDULQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 5DULVVLPR (VHPSODUH PDJQLILFR SHU SDWLQD H VWDWR GL FRQVHUYD]LRQH T )GF ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

4XDUWR GL GXFDWRQH GD VROGL $5 J 6 0 9 /9'29 0$1,1 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR * ) *LDFRPR )RVFDULQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR &1, 3DROXFFL 0ROWR UDUR 3DWLQD LULGHVFHQWH H T )GF ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO FLUFD SHU OLUH

2WWDYR GL GXFDWRQH GD VROGL H PH]]R $5 J 6 0 9 /9'29 0$1,1 ' ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR * ) *LDFRPR )RVFDULQL PDVVDUR 5Y 0(025 (52 79, ,967,1$ 9,5*2 6 *LXVWLQD VWDQWH WUDILWWD LQ VHQR GD SXJQDOH FRQ SDOPD QHOOD G H OLEUR QHOOD V VXOOR VIRQGR JDOHUH LQ QDYLJD]LRQH H DOOÂ¶HVHUJR Ã² &1, 3DROXFFL 0ROWR UDUR &ROSHWWR DO UY DOWULPHQWL T 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD 0RUFKLR 0DMHU QHO SHU OLUH

'XFDWR GL WULSOR SHVR $5 J 6 0 9 /9'29, 0$1,1 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR * ) *LDFRPR )RVFDULQL PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, Â± 3DROXFFL Â± FIU (VWUHPDPHQWH UDUR &ROSHWWL VXO ERUGR DOWULPHQWL 6SO

'XFDWR GL GRSSLR SHVR $5 J 6 0 9 /9'29,&96 0$1,1 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ) % )UDQFHVFR %DUEDUR PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL Â± FIU (VWUHPDPHQWH UDUR &RQVHUYD]LRQH HFFH]LRQDOH T )GF ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD 5DWWR GHOOÂ¶ PDU]R 6DQ 5RPq SHU OLUH

'XFDWR $5 J 6 0 9 /9'29, 0$1,1 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR * ) *LDFRPR )RVFDULQL PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 6SO

'XFDWR $5 J 6 0 9 /9'29,&96 0$1,1 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ) % )UDQFHVFR %DUEDUR PDVVDUR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 0RGXOR ODUJR H UHJRODUH PLJOLRUH GL 6SO

'XFDWR $5 J 6 0 9 /9'29,&96 0$1,1 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR $ = PDVVDUR VFRQRVFLXWR 5Y '9&$796 9(1(796 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 6SO ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

0H]]R GXFDWR $5 J 6 0 9 /9'29,&96 0$1,1 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR = ' =XDQQH 'LHGR PDVVDUR 5Y 0(', '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL )RQGL VSHFXODUL T )GF ([ FROOH]LRQL 'H /D]DUD H *DYD]]L

0H]]R GXFDWR $5 J 6 0 9 /9'29,& 0$1,1 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ) % )UDQFHVFR %DUEDUR PDVVDUR 5Y 0(', '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 0LJOLRUH GL 6SO ([ FROOH]LRQH =RSSROD DFTXLVWDWR GD $ -HVXUXP QHO SHU OLUH

4XDUWR GL GXFDWR $5 J 6 0 9 /9'29 0$1,1 ' 6 0DUFR QLPEDWR VHGXWR D V H EHQHGLFHQWH FRQVHJQD LO YHVVLOOR DO GRJH JHQXIOHVVR DOOÂ¶HVHUJR ) % )UDQFHVFR %DUEDUR PDVVDUR 5Y 49$5 '9&$7 9(1(7 /HRQH DODWR H QLPEDWR JUDGLHQWH YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH G DSSRJJLDWD VXO OLEUR DSHUWR &1, 3DROXFFL 0LJOLRUH GL 6SO

'D VROGL $5 J /9'2 Â± 0$1,1 ' ,O GRJH FRQ YHVVLOOR JHQXIOHVVR D V H FRQ OR VJXDUGR ULYROWR YHUVR OÂ¶DOWR $OOÂ¶HVHUJR 5Y 6$1&7 0$5&96 9(1 /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR &1, 3DROXFFL T )GF

7UDLUR GD VROGL $5 J 6 0 9 /9'29 0$1,1 ' /HRQH DODWR H QLPEDWR YROWR GL IURQWH FRQ OD ]DPSD DQWHULRUH VXO OLEUR DSHUWR $OOÂ¶HVHUJR 5Y ,9',&,90 Â± 5(&790 /D *LXVWL]LD VHGXWD IUD GXH OHRQL FRQ VSDGD QHOOD G H ELODQFLD QHOOD V &1, 3DROXFFL 0LJOLRUH GL 6SO

6ROGR GD EDJDWWLQL 0LVW J 6 0 9 /9'2 0$1,1 ,O /HRQH DODWR D V YROWR GL IURQWH H FRQ OD ]DPSD DQWHULRUH DSSRJJLDWD VXO OLEUR DSHUWR D G LO GRJH JHQXIOHVVR FRQ YHVVLOOR $OOÂ¶HVHUJR 5Y '()(16 Â± 1267(5 ,O 5HGHQWRUH QLPEDWR VWDQWH GL IURQWH EHQHGLFHQWH H FRQ LO 9DQJHOR QHOOD V &1, 3DROXFFL T )GF ([ FROOH]LRQH =RSSROD DFTXLVWDWR DOOÂ¶DVWD / +DPEXUJHU JLXJQR *QHFFKL SHU OLUH

7DOOHUR SHU LO /HYDQWH $5 J /8'29,&2 0$1,1 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ Â± 6 $QWRQLR 6FKDEHO LQFLVRUH H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, 3DROXFFL T 6SO

7DOOHUR SHU LO /HYDQWH $5 J /8'29,&2 0$1,1 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ Â± 6 $QWRQLR 6FKDEHO LQFLVRUH

H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, 3DROXFFL 6SO T 6SO

7DOOHUR SHU LO /HYDQWH $5 J /8'29,&2 0$1,1 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ Â± 6 $QWRQLR 6FKDEHO LQFLVRUH

H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, 3DROXFFL 0LJOLRUH GL %%

7DOOHUR SHU LO /HYDQWH $5 J /8'29,&2 0$1,1 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ Â± 6 $QWRQLR 6FKDEHO LQFLVRUH

H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, 3DROXFFL ,QVLJQLILFDQWH FDUHQ]D GHO WRQGHOOR VXO WDJOLR DOWULPHQWL PLJOLRUH GL 6SO ([ FROOH]LRQH *DYD]]L

7DOOHUR SHU LO /HYDQWH $5 J /8'29,&2 0$1,1 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ Â± 6 $QWRQLR 6FKDEHO LQFLVRUH

H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, 3DROXFFL T 6SO

0H]]R WDOOHUR SHU LO /HYDQWH $5 J /8'29,&2 0$1,1 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ Â± 6 $QWRQLR 6FKDEHO LQFLVRUH H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, 3DROXFFL T 6SO

4XDUWR GL WDOOHUR SHU LO /HYDQWH $5 J /8'29,&2 0$1,1 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ Â± 6 $QWRQLR 6FKDEHO LQFLVRUH H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, 3DROXFFL T 6SO

2WWDYR GL WDOOHUR SHU LO /HYDQWH $5 J /8'29,&2 0$1,1 '8&( /HRQH DODWR H QLPEDWR VHGXWR H YROWR YHUVR G FRQ OLEUR DSHUWR QHOOH ]DPSH DQWHULRUL VXOOD UHWWD GÂ¶HVHUJR $ Â± 6 $QWRQLR 6FKDEHO LQFLVRUH H VRWWR 5Y 5(638%/,&$ 9(1(7$ %XVWR GL 9HQH]LD D G &1, 3DROXFFL )RQGL VSHFXODUL H FRQVHUYD]LRQH HFFH]LRQDOH )GF

2VHOOD DQQR 9 $5 J 1(& 183(5 '()(& /D %HDWD 9HUJLQH FRQ DXUHROD GL VHWWH VWHOOH VWDQWH GL IURQWH VX XQD QXEH FKH VRYUDVWD OD VXSHUILFLH GHO PDUH VXOOR VIRQGR D V SUXD GL XQD QDYH HG HGLILFLR D G XQD FKLHVD $OOÂ¶HVHUJR = $ % =XDQ $QGUHD %RQOLQL PDVVDUR 5Y /8'29,&, 0$1,1 35,1&,3,6 08186 $1 9 HQWUR XQD FRURQD GÂ¶DOORUR &1, 3DROXFFL ,, T 6SO

/RWWR GL VHWWH PRQHWH 'XFDWR &1, 3DROXFFL 0H]]R GXFDWR &1, 3DROXFFL 'D VROGL &1, 3DROXFFL 6ROGR GD EDJDWWLQL &1, 3DROXFFL 'D T 6SO D 6SO

/RWWR GL TXDWWUR PRQHWH 0RQHWD]LRQH SHU LO /HYDQWH 7DOOHUR &1, 3DROXFFL 4XDUWR GL WDOOHUR &1, 3DROXFFL 2WWDYR GL WDOOHUR &1, 3DROXFFL 'D EXRQ %% D T 6SO 0RQHWD]LRQH DQRQLPD SHU OD FLWWj GL 9HQH]LD H VXRL GRPLQv

/RWWR GL TXDWWUR PRQHWH /HJJH VHWWHPEUH JD]]HWWD R GXH VROGL 3DROXFFL ,, /HJJH OXJOLR SHU 9HURQD H IHEEUDLR SHU %UHVFLD TXDWWULQR GD EDJDWWLQL 3DROXFFL ,, 'HFUHWR PDJJLR OLUD]]D GD VROGL 3DROXFFL ,, 'D 0% D T 6SO

0RQHWD]LRQH DQRQLPD SHU L SRVVHGLPHQWL GL 7HUUDIHUPD

/RWWR GL GXH PRQHWH 'HFUHWR GHO RWWREUH SHU OD FLWWj GL 7UHYLVR %DJDWWLQR VLJOD 1 0 3DROXFFL ,, 0HGLDPHQWH T %% 0RQHWD]LRQH DQRQLPD SHU OD 'DOPD]LD H $OEDQLD ,VROH $UPDWD H 0RUHD UHJQL GL &DQGLD H GL &LSUR

/RWWR GL VHWWH PRQHWH 'DOPD]LD H $OEDQLD *D]]HWWD 3DROXFFL ,, ,VROH H $UPDWD *D]]HWWD 3DROXFFL ,, $UPDWD H 0RUHD *D]]HWWD 3DROXFFL ,, 6ROGR 3DROXFFL ,, 5HJQR GL &DQGLD 6ROGLQR GD WRUQHVL 3DROXFFL ,, 5HJQR GL &LSUR &UD]LD 'D 0% D EXRQ %% 6HEHQLFR

/RWWR GL WUH PRQHWH 'HFUHWL GHO PDJJLR H IHEEUDLR %DJDWWLQR 3DROXFFL ,, 'D 0% D T %% &DWWDUR

/RWWR GL TXDWWUR PRQHWH FRPSUHQGHQWH XQ JURVVR GL 5DJXVD 0RQHWD]LRQH FRQ VLJOH *URVVHWWR VLJOD ) 3 3DROXFFL ,, WLSR )ROODUR VLJOD = % 3DROXFFL ,, 0RQHWD]LRQH VHQ]D VLJOH )ROODUR 3DROXFFL ,, Â± 5DJXVD JURVVR &1, 'D %% D T 6SO