BMW Magazine FR 2010 2 hiver

BMWmagazine 2 2010 ÉDITION BELGIQUE - LUXEMBOURG

#.8 M agazine

&63

%6 (3"/% "35 -" #.8 "35 $"3 %& +&'' ,00/4

/06 7 &--& #.8 9 7*7& -" +0*&

)".#063( &/ 3065& 7&34 -& '6563

la

montre du plongeur

Aucune autre montre n’est conçue comme une Rolex. En 1953, année de son lancement, la Submariner fut la première montre étanche jusqu’à 100 mètres.

Perfectionnée par la suite, elle peut désormais plonger jusqu’à 300 mètres, grâce à la remarquable couronne de remontoir Triplock, un ingénieux système breveté à triple étanchéité. D’un diamètre de 40 mm, la nouvelle Submariner est ici présentée en acier 904L avec une lunette munie d’un disque Cerachrom vert.

la submariner

&%*50

1 I J M J Q Q W P O 4 B I S "ENJOJTUSBUFVS E©M©HV© %JSFDUFVS H©O©SBM #.8 (SPVQ #FMVY

%FQVJT QS¨T EF BOT RVF #.8 FYJTUF OPVT OѳBWPOT DFTT© EF QSPHSFTTFS FU EѳJOOPWFS /PT WPJUVSFT FU OPT NPUPT TPOU TBOT DFTTF EFWFOVFT QMVT QFSGPSNBOUFT QMVT T»SFT QMVT TPCSFT QMVT QSPQSFT -F QSPHSBNNF #.8 &G趑 DJFOU%ZOBNJDT FO FTU VOF EFT QMVT S©DFOUFT QSFVWFT " QFJOF MB OPVWFMMF #.8 4©SJF BSSJW©F TVS MF NBSDI© RVF MB WFSTJPO 5PVSJOH GBJU TPO FOUS©F EBOT MFT DPODFTTJPOT 5S¨T

BQQS©DJ©F TVS OPT NBSDI©T MB #.8 4©SJF 5PVSJOH FTU VO TBWBOU DPDLUBJM EѳFTUI©UJTNF EF EZOBNJTNF EF TPCSJ©U© EF UFDIOPMPHJF FU Eѳ©M©HBODF &O NBUJ¨SF EF UFDIOPMPHJF #.8 JOOPWF FODPSF BWFD $POOFDUFE%SJWF -BOD© TVS OPT NBSDI©T DFU BVUPNOF DF QSPHSBNNF QFSNFU EF SFTUFS FOUSF BVUSFT FO DPOUBDU QFSNBOFOU BWFD Mѳ*OUFSOFU -F NBUJO WPVT QPVWF[ ©HBMF NFOU DPOTVMUFS EJSFDUFNFOU WPT NBJMT -ѳBVUSF HSBOEF OPVWFMMF EF DFUUF 趑 O EѳBOO©F FTU CJFO T»S MѳBSSJW©F

04&3 "--&3 %& -ѳ"7"/5

EF MB #.8 9 %FVYJ¨NF H©O©SBUJPO DF 4QPSUT "DUJWJUZ 7FIJDMF WB VOF GPJT EF QMVT ªUSF MB S©G©SFODF EBOT DF TFHNFOU DS©© QBS #.8 JM Z B BOT "WFD TFT MJHOFT NPEFSOFT UPVKPVST  MB QPJOUF EF MѳBSU TPO BHJMJU© TPO EZOBNJTNF FODPSF QMVT TPCSF FU TB GPOD

UJPOOBMJU© MB OPVWFMMF #.8 9 SFQS©TFOUF MB RVJOUFTTFODF EV TBWPJS EFT EFTJHOFST FU EFT JOH©OJFVST EF OPUSF NBSRVF /PVT OѳPVCMJPOT CJFO T»S QBT OPUSF QBTT© UPVU BVTTJ HMPSJFVY RVF OPUSF BDUVBMJU© -F USFOUJ¨NF BOOJWFSTBJSF EF MB #.8 (4 FTU MѳPD DBTJPO EF GBJSF MF QPJOU TVS MF NPE¨MF EF MB HBNNF #.8 .PUPS SBE MF QMVT WFOEV EBOT MF NPOEF +F WPVT TPVIBJUF VOF BHS©BCMF MFDUVSF FU UJFOT  WPVT SFNFSDJFS QPVS WPUSF 趑 E©MJU©

1IJMJQQ WPO 4BIS #.8.BHB[JOF

40.."*3&

14

-B OPVWFMMF #.8 9 1MVT HSBOEF QMVT QVJTTBOUF QMVT ©DPOPNJRVF MB OPVWFMMF H©O©SBUJPO EV 4QPSUT "DUJWJUZ 7FIJDMF

-F TDVMQUFVS BN©SJDBJO +FGG ,PPOT B GBJU EѳVOF #.8 . (5 VOF #.8 "SU $BS

-ѳVOJWFST EF +FGG ,PPOT +FGG ,PPOT FTU MѳVO EFT QMVT QPQVMBJSFT SFQS©TFOUBOUT EF MѳBSU DPOUFNQPSBJO BVY ýVWSFT DPOUSPWFST©FT

#.8 &Gê ‹ DJFOU%ZOBNJDT

#.8.BHB[JOF

F #.8 "SU $BS

5FDIOPMPHJF IZCSJEF MѳBWFOJS DPNNFODF BVKPVSEѳIVJ BWFD MB #.8 "DUJWF)ZCSJE FU MB #.8 "DUJWF)ZCSJE 9

2VBUSF TJUVBUJPOT RVPUJEJFOOFT RVBUSF SBJTPOT QPVS VOF TPMVUJPO IZCSJEF

-FT NPE¨MFT EF QVJTTBOUT W©IJDVMFT IZCSJEFT MB #.8 $PODFQU "DUJWF& ©MFDUSJRVF MF QSPHSBNNF #.8 7JTJPO &G趑 DJFOU%ZOBNJDT

-FT CBUUFSJFT MB DM© EF WP»UF EѳVO GVUVS TBOT ©NJTTJPO

-ѳFYQFSU MѳJOH©OJFVS &MNBS )PDLHFJHFS ©WPRVF MFT QSPHS¨T DPOTJE©SBCMFT BDDPNQMJT QBS #.8 EBOT MF EPNBJOF EFT BDDVNVMBUFVST ©MFDUSJRVFT

26

48

3VCSJRVFT

)BNCPVSH -F EFVYJ¨NF QPSU Eѳ&VSPQF TF N©UBNPSQIPTF FO DJU© NPE¨MF S©TPMVNFOU ©DPMPHJRVF

*OJUJBUJWF ©DPMPHJRVF %FT DPMMBCPSBUFVST #.8 BV DIFWFU EV S©DJG DPSBMMJFO FO 5IB¯MBOEF

4 JEJ -BSCJ $IFSLBPVJ DIPS©HSBQIF -F DS©BUFVS EF #BCFM VO TQFDUBDMF EF EBOTF IPST DBU©HPSJF D©M¨CSF MF EPVUF

BOT EF #.8 (4 %FQVJT BOT #.8 S¨HOF FO NB®USF TVS MB DBU©HPSJF EFT FOEVSPT SPVUJ¨SFT

8 5$$ -B TVDDFTTUPSZ EV 3BDJOH #BSU .BNQBFZ CFMHF FO 85$$ MF DIBNQJPOOBU EV NPOEF EFT WPJUVSFT EF UPVSJTNF OUSF #SFTDJB FU 3PNF & 7JOHU TFQU #.8 EF DPMMFDUJPO EBOT VO SFNBLF EV Ѳ.JMMF .JHMJBѳ

5FDIOJRVF #.8 $POOFDUFE%SJWF

/ FXT -B OPVWFMMF #.8 4©SJF 5PVSJOH ѭ %FT OPVWFMMFT EFT DPODFTTJPOT #.8 ѭ -F OPVWFBV .FHBDJUZ 7FIJDMF ©MFDUSJRVF ѭ 3©EVDUJPO EF MB S©TJTUBODF B©SPEZOB NJRVF HS¢DF  Mѳ"JS $VSUBJO ѭ $POTUSVDUJPO BMM©H©F QPVS MFT EFTTPVT EF DBJTTF

#.8.BHB[JOF 5PVT MFT DPOEVDUFVST EѳVO W©IJDVMF #.8 ѭ BVUPNPCJMJTUF FU NPUBSE ѭ OFVG PV EF TFDPOEF NBJO EPOU MB EVS©F EF WJF FTU JOG©SJFVSF  BOT SF§PJWFOU HSBUVJUFNFOU MF #.8 .BHB[JOF #.8 .BHB[JOF FTU VOF QVCMJDBUJPO TFNFT USJFMMF *OEJFO V EF /FEFSMBOETF FEJUJF WBO #.8 .BHB[JOF XFOTU UF POUWBOHFO HFMJFWF EBO IFU BESFTMBCFM UFSVH UF [FOEFO &EJUFVS SFTQPOTBCMF S©HJF QVCMJDJUBJSF *OHF 7FSWMJFU #.8 #FMVY -PEEFSTUSBBU *OEVTUSJFQBSL Ѷ%F 7MJFUѷ #PSOFN

FDIOP 5BML 5 $POUS´MF IJWFS FU BDDFTTPJSFT QPVS VO IJWFS QMVT T»S FU QMVT DPOGPSUBCMF

# 0;"3 $FDJMJB #BSUPMJ ѭ Ѳ+BDL 'SFBL 1JDUVSFTѳ EF (JMCFSU (FPSHF

# .8 (PMGTQPSU #FBV TVDD¨T QPVS MB F ©EJUJPO EF MB #.8 (PMG $VQ

# .8 )PDLFZ 4DIPPM FU #FBDI -B #.8 )PDLFZ 4DIPPM GPSNF MFT DIBNQJPOT EF EFNBJO ѭ 3FUPVS TVS MB QSF NJ¨SF ©EJUJPO EF MB #.8 #FBDI )PDLFZ &VSPDVQ  ,OPLLF

3©EBDUJPO S©BMJTBUJPO DPSSFTQPOEBODF )BOOFMPSF 4DIBMMJFS #.8 #FMVY -PEEFSTUSBBU *OEVTUSJFQBSL Ѷ%F 7MJFUѷ #PSOFN 3©EBDUJPO JOUFSOBUJPOBMF )PGGNBO VOE $BNQF 7FSMBH (NC) .¼ODIFO 3©EBDUJPO CFMHF 3PVMBSUB 1VCMJTIJOH .FJCPPNMBBO 3PFTFMBSF UFM

3©EBDUFVS FO DIFG ,VSU 'PDRVBFSU LVSU GPDRVBFSU!SPVMBSUB CF

(SBQIJTUF "OOF 4PQIJF %FNFZ $PMMBCPSBUFVST +PPTU $VTUFST 4U©QIBOJF -BCJT %JSL 4DIPPGT "MFY 7BO EFO #FSHIF 1FUFS 7BO %ZDL $ISJTUPQIF 8FFSUT *NQSJNFSJF 3PVMBSUB 1SJOUJOH .FJCPPNMBBO 3PFTFMBSF UFM

1SPUFDUJPO EF MB WJF QSJW©F $IBOHFNFOU EѳBESFTTF 7PT EPOO©FT TPOU SFQSJTFT EBOT MF GJDIJFS EѳBESFTTFT EF #.8 #FMVY $VT UPNFS 4FSWJDFT -PEEFSTUSBBU  #PSOFN U©M

DVTUPNFS SFMBUJPOT!CNX CF FO TB RVBMJU© EF SFTQPOTBCMF EF USBJUFNFOU

DUJWF -JGF "

$FT EPOO©FT QPVSSPOU ªUSF VUJMJT©FT BGJO EF WPVT JOGPSNFS EF Mѳ©WPMVUJPO

-B MJHOF EF WªUFNFOUT +0: EF #.8 FU MB OPVWFMMF HBNNF EF QSPEVJUT EѳFOUSF UJFO NPOUSFOU k QBUUF WFSUF { DPUPO PSHBOJRVF TVCTUBODFT CJPE©HSBEBCMFT

NVOJRV©FT  EFT TPDJ©U©T MJ©FT  #.8 #FMVY QPVS MFT NªNFT GJOBMJU©T

EF OPT TFSWJDFT BJOTJ RVF EFT OPVWFBVY QSPEVJUT &MMFT QPVSSPOU ªUSF DPN 7PVT EJTQPTF[  UPVU NPNFOU EѳVO ESPJU EѳBDD¨T FU EF SFDUJGJDBUJPO EF WPT EPOO©FT FU EV ESPJU EF WPVT PQQPTFS HSBUVJUFNFOU  MFVS USBJUFNFOU FU Â

B #.8 .

MFVS DPNNVOJDBUJPO

,BSM %F -PPTF CJDIPOOF UPVT MFT KPVST TB #.8 EF

7PVT USPVWFSF[ EF QMVT BNQMFT JOGPSNBUJPOT TVS MB

4 ©DVSJU© %FT DPOTFJMT TVS MB DPOEVJUF QBS UFNQT EF OFJHF

DPOTPNNBUJPO FU MFT ©NJTTJPOT EF $0 TVS XXX CNX CF FU XXX CNX MV $POTPNNBUJPO NPZFOOF M LN ©NJTTJPO $0 H LN QPVS MB HBNNF #.8

1)PUPT 4JNPO 1VTDINBOO 5IPNBT WPO 4BMPNPO +FOT #PMEU 4UFGBOPT /PUPQPVMPT

#.8.BHB[JOF

5 & 9 5 & + 0 0 4 5 $ 6 4 5 & 3 4

-ѳ*/5&3"$5*0/ */5&--*(&/5& &/53& -& $0/%6$5&63 40/ &/7*30//&.&/5 &5 40/ 7‰)*$6-&

#.8 $0//&$5&% %3*7&

DPOGPSU

T©DVSJU©

1PVWPJS C©OÂ©ê ‹ DJFS EV NªNF DPOGPSU MPST EF WPT USBKFUT FO WPJUVSF RVѳ EPNJDJMF PV BV USBWBJM $POEVJSF EFWJFOU QMVT RVF MF E©QMBDFNFOU EѳVO QPJOU "  #

-F USBê ‹ D FTU VOF EPOO©F DPNQMFYF P¹ DIBRVF BWBOD©F BV OJWFBV EF MB T©DVSJU© FTU DSVDJBMF

#.8.BHB[JOF

JOGPUBJONFOU %FT JOGPSNBUJPOT FU EV EJWFSUJTTFNFOU EBOT WPUSF WPJUVSF

%FQVJT MFT BOO©FT #.8 E©WFMPQQF TBOT DFTTF EF OPVWFMMFT UFDIOPMPHJFT FNCBSRV©FT QPVS SFMJFS MF DPOEVDUFVS FU TPO W©IJDVMF BV NPOEF FYU©SJFVS $FT JOOPWBUJPOT BVHNFOUFOU MB T©DVSJU© BN©MJPSFOU MF DPOGPSU FU GPVSOJTTFOU EFT JOGPT FU EV EJWFSUJTTFNFOU "VKPVSEѳIVJ #.8 SFHSPVQF UPVUFT DFT BQQMJDBUJPOT EBOT #.8 $POOFDUFE%SJWF &O #.8 B ©U© MF QSFNJFS DPOTUSVDUFVS BVUPNPCJMF BV NPOEF  ©RVJQFS VOF BVUPNPCJMF MB #.8 4©SJF & EѳVO S©HVMBUFVS EF WJUFTTF %F OPT KPVST PO OF QSªUF QMVT USPQ BUUFO UJPO  DFUUF BQQMJDBUJPO RVJ GVU QPVSUBOU QJPOOJ¨SF  Mѳ©QPRVF $IBRVF KPVS OPUSF TZTU¨NF (14 OPVT DPNNVOJRVF MFT EFSOJ¨SFT JOGPSNBUJPOT SPVUJ¨SFT FU FO DPVST EF SPVUF OPVT DIFSDIPOT NªNF VO SFTUBVSBOU  OPUSF HP»U 4PVT QFV VO QBTTBHFS QPVSSB UPVU BVTTJ GBDJMFNFOU TVS GFS MJSF FU FOWPZFS EFT F NBJMT EVSBOU MFT USBKFUT -ѳBVUPNPCJMF TѳBEBQUF DPOUJOVFMMFNFOU BVY CFTPJOT EF TPO DPOEVDUFVS MVJ FOWPJF EFT JOGPS NBUJPOT FO DPOUJOV FU WFJMMF TBOT SFM¢DIF  MB T©DVSJU© UBOU EFT QBTTB HFST RVF EFT BVUSFT VTBHFST EF MB SPVUF #.8 SBTTFNCMF UPVUFT DFT UFDIOPMPHJFT FU BQQMJDBUJPOT TPVT MѳBQQFMMBUJPO #.8 $POOFDUFE%SJWF BWFD MBRVFMMF FMMF FOUFOE GBJSF VO OPVWFBV CPOE FO BWBOU  MѳJOTUBS EFT NFTVSFT #.8 &GGJDJFOU%ZOBNJDT

1BSL "TTJTU WPUSF BVUPNPCJMF WPVT BJEF Â WPVT HBSFS EBOT MF NPJOESF QFUJU FTQBDF

530*4 1*-*&34 #.8 $POOFDUFE%SJWF SFQPTF TVS USPJT QJMJFST MB T©DVSJU© MF DPOGPSU FU MѳJOGPUBJONFOU $FT BQQMJDBUJPOT SFRVJ¨SFOU VO ©DIBOHF EѳJO GPSNBUJPOT CJEJSFDUJPOOFM WFST MB WPJUVSF FU FO QSPWFOBODF EF MB WPJUVSF -ѳJOQVU QSPWJFOU EF DBQUFVST PV EF TVQQPSUT EѳJOGPSNBUJPO FYUFSOFT DPNNF EFT DM©T 64# PV EFT S©TFBVY -ѳPVUQVU TF QBTTF WJB QPTJUJPO OFNFOU (14 PV Mѳ©UBU EV W©IJDVMF -B T©DVSJU© FTU ©WJEFNNFOU Mѳ©M©NFOU DFOUSBM -FT BQQMJDBUJPOT BZBOU USBJU  MB T©DVSJU© TPOU FO QSFNJ¨SF MJHOF EBOT #.8 $POOFD UFE%SJWF -F #.8 )FBE 6Q %JTQMBZ JOEJRVF MB WJUFTTF BVUPSJT©F -F DPOEVDUFVS QFVU MJSF MFT JOGPSNBUJPOT EV TZTU¨NF (14 TBOT E©UPVSOFS TPO SFHBSE EF MB SPVUF -F TPJS /JHIU 7JTJPO E©UFDUF HS¢DF  VO TZTU¨NF JOGSBSPVHF MFT QJ©UPOT PV MFT BOJNBVY DJSDVMBOU TVS MB DIBVTT©F 13‰'‰3&/$&4 1&340//&--&4 7PVT ªUFT FO SPVUF FU WPVT WPVESJF[ USPVWFS VO CPO SFTUBVSBOU EBOT MFT FOWJSPOT EF WPUSF EFTUJOBUJPO $F OѳFTU QMVT VO QSPCM¨NF BWFD MFT BQQMJDBUJPOT BDUVFMMFT -FT QS©G©SFODFT QFSTPOOFMMFT JOUSPEVJUFT EBOT WPUSF TZTU¨NF (14 GPVSOJTTFOU JNN©EJBUFNFOU VOF MJTUF EF SFTUBV SBOUT BWFD MFVS FNQMBDFNFOU FU MFVST DPPSEPOO©FT $PNNBOEFS WPUSF J1IPOF PV WPUSF 4NBSU1IPOF WJB Mѳ©DSBO NVMUJN©EJB FTU E©TPSNBJT ©HB MFNFOU VO KFV EѳFOGBOU -F EFSOJFS QJMJFS EF #.8 $POOFDUFE%SJWF FTU MѳJOGPUBJONFOU %©QBTT©T MFT $% EBOT MB WPJUVSF "VKPVSEѳIVJ MF CPVUPO J%SJWF QFSNFU EF T©MFDUJPOOFS FO VO DMJO EѳýJM MF HFOSF EF NVTJRVF TPVIBJU© QPVS MF USBKFU FOUSF WPUSF CVSFBV FU MB NBJTPO

(PPHMF OPUSF TPDJ©U© EѳJOGPSNBUJPO OF TѳBSSªUF QBT BVY QPSUFT EF OPUSF WPJUVSF

#VSFBVUJRVF E©K QS©QBSFS TB KPVSO©F EF USBWBJM EBOT MB WPJUVSF -ѳBEBHF ѲMF UFNQT DѳFTU EF MѳBSHFOUѳ FTU QMVT RVF KBNBJT EѳBDUVBMJU©

#.8.BHB[JOF

/&84 %V D´U© EFT

$PODFTTJPOT ( " .PUPST

-F KVJO B JOBVHVS© TB UPVUF OPV WFMMF DPODFTTJPO #.8  5VSOIPVU -ѳJOGSBTUSVDUVSF FYJTUBOUF B ©U© DPN QM¨UFNFOU S©OPW©F FU BEBQU©F k -F OPVWFBV C¢UJNFOU HBSBOUJU E©TPS NBJT VO TFSWJDF PQUJNBM  OPUSF DMJFOU¨MF VO EFT QSJODJQBVY QJMJFST EF OPUSF PSHBOJTBUJPO { TPVMJHOF MF H©SBOU (VJOP ,FOJT k /PVT TPVIBJ UJPOT BMMFS FODPSF QMVT MPJO EBOT MB RVBMJU© EFT TFSWJDFT QSPQPT©T BV DMJFOU " WSBJ EJSF JM TѳBHJU EѳVOF DPODFTTJPO UPVUF OFVWF P¹ UPVU B ©U© SBEJDBMFNFOU SFQFOT© BWFD FO QPJOU EѳPSHVF VO NBHOJ趑 RVF OPVWFBV TIPXSPPN {

XXX HBNPUPST CNX CF

-VEXJH .PUPST

#7#" FTU VOF OPVWFMMF DPODFTTJPO .PUPSSBE EBOT MB S©HJPO EF 8BBTMBOE 1PVS MѳJOTUBOU &SJLB 1MFUJODLY FU -VEXJH %BVXFST BJOTJ RVF MFVST DPMMBCPSBUFVST UFDIOJRVFT TPOU FODPSF BDUJGT  #FWFSFO 8BBT 4PVT QFV DFUUF ©RVJQF EZOBNJRVF TѳJOTUBMMFSB  4JOU /JLMBBT BV DSPJTFNFOU EF EFVY HSBOEFT BSU¨SFT MB / "OUXFS QFO (FOU FU MB / %FOEFSNPOEF )VMTU k /PSNBMFNFOU OPVT OѳFN N©OBHFSPOT RVF E©CVU EBOT OPUSF OPVWFBV C¢UJNFOU &O BUUFO EBOU WPUSF NPUP SFTUF OPUSF QBTTJPO  #FWFSFO 8BBT { FYQMJRVF MF H©SBOU -VEXJH %BVXFST

XXX MVEXJHNPUPST CNX CF

7BOOFTUF

-B DPODFTTJPO  5PVSOBJ B BTTPDJ© MF MBODF NFOU EF MB OPVWFMMF #.8 4©SJF #FSMJOF BV F BOOJWFSTBJSF EF MB DPODFTTJPO FU  MѳJOBVHVSBUJPO EV OPVWFBV C¢UJNFOU %FQVJT MF HSPVQF 7BOOFTUF SFQS©TFOUF CSJMMBNNFOU #.8 EBOT MF 5PVSOBJTJT -F QSFTUJHF EF MB DPODFTTJPO TѳFTU FODPSF BDDSV DFUUF BOO©F 4BOT UPVDIFS BVY TUSVDUVSFT EV TPNQUVFVY C¢UJNFOU JOEVTUSJFM EV E©CVU EFT BOO©FT MB GBNJMMF 7BOOFTUF B FO FGGFU S©OPW© MFT JOTUBMMBUJPOT FYJTUBOUFT RVJ TBUJTGPOU E©TPSNBJT BVY FYJHFODFT FU BVY TPVIBJUT MFT QMVT NPEFSOFT XXX WBOOFTUF CNX CF

%FQVJT KVJO VO WFOU OPVWFBV TPVG趒 F TVS MB DPODFTTJPO

%JTDBS  -J¨HF -B DPODFTTJPO #.8 RVJ B WV MF KPVS JM Z B QSFTRVF

BOT B ©U© SFQSJTF QBS VO HSPVQF EѳFOUSFQSFOFVST EPU©T EѳVOF TPMJEF FYQ©SJFODF EBOT MF TFDUFVS BVUPNPCJMF k /PUSF PCKFDUJG FTU EF EJSJHFS VOF DPODFTTJPO RVJ BDDPSEF VOF QMBDF FODPSF QMVT DFOUSBMF BV DMJFOU -F QSFNJFS ©M©NFOU UBOHJCMF TFSB MB S©OPWBUJPO EF MB DPODFTTJPO RVJ E©CV UFSB FO { FYQMJRVF TPO OPVWFBV DPODFTTJPOOBJSF %BWJE &MPZ &O BUUFOEBOU MB DPODFTTJPO TFSB T©SJFVTFNFOU SBGSB®DIJF k /PUSF TMPHBO Ѳ-B QBTTJPO QSFOE VOF OPVWFMMF EJSFDUJPOѳ S©TVNF QBSGBJUFNFOU OPUSF BQQSPDIF OPUSF QSJODJQBM PCKFDUJG FTU EѳBN©MJPSFS MF TFSWJDF UBOU BV OJWFBV EF MB WFOUF RVF EV TFSWJDF BQS¨T WFOUF 5PVUF Mѳ©RVJQF TѳZ FOHBHF {

XXX EJTDBS CNX CF

#.8.BHB[JOF

!

%BFOJODL NFU FO WBMFVS 0VEFOBBSEF -FT OPVWFMMFT DPODFTTJPOT %BFOJODL POU PVWFSU MFVST QPSUFT  0VEFOBBSEF BV E©CVU EF DFUUF BOO©F - P¹ KBEJT TF USPVWBJU VOF 趑 MBUVSF JOEVTUSJFMMF QSFOOFOU QMBDF QMVT EF Nr EF TIPXSPPNT QPVS MFT NBSRVFT #.8 FU .*/* MFT BUFMJFST FU MFT FTQBDFT CVSFBVY " TPVMJHOFS RVF MFT OPVWFMMFT DPODFTTJPOT EF %BFOJODL DPNQUFOU QMVT EF DPM MBCPSBUFVST RVF MB 趑 MBUVSF JOEVTUSJFMMF k $FU FYDFQ UJPOOFM QSPKFU EF SFDPOWFSTJPO PGGSF OPO TFVMFNFOU VOF OPVWFMMF BGGFDUBUJPO BVY MJFVY NBJT JM BQQPSUF VOF WBMFVS ©DPOPNJRVF BKPVU©F  MB S©HJPO { FYQMJRVF .BSOJD %F .FVMFNFFTUFS CPVSHNFTUSF Eѳ0VEF OBBSEF 1FUFS %BFOJODL JOTJTUF TVS MF DBSBDU¨SF JOOP WBOU EFT OPVWFMMFT DPODFTTJPOT k /PT NBSRVFT TPOU EFT NBSRVFT IBVU EF HBNNF /PT W©IJDVMFT TPOU  MB QPJOUF EF MB UFDIOPMPHJF /PVT OPVT EFWJPOT EѳPGGSJS VO TFSWJDF EѳFYDFQUJPO /PUSF QIJMPTPQIJF BUUSJCVFS MB QMBDF EѳIPOOFVS  OPT DMJFOUT FU OPO BVY W©IJDVMFT /PT DPODFTTJPOT POU ©U© DPOTUSVJUFT BVUPVS EF DFUUF JE©F JOOPWBOUF {

"DDPSEF[ WPVT FODPSF QMVT EF KPJF

7PVT BJNF[ MFT CFMMFT BVUPNPCJMFT 7PVT BJNF[ MB NVTJRVF MF TQPSU MѳBSU 2VFMMFT RVF TPJFOU WPT QBTTJPOT FMMFT TPOU QBSUJF JOU©HSBOUF EF MѳVOJWFST #.8 $BS MB KPJF BJNF UPVU DF RVJ GBJU CBUUSF WPUSF DýVS QMVT JOUFOT©NFOU #.8 #FMVY FU WPT DPODFTTJPOOBJSFT #.8 TF GPOU VO QMBJTJS EF WPVT JOWJUFS

1FUFS %BFOJODL 0VEFOBBSEF 8FTUFSSJOH C /

0VEFOBBSEF 5©M XXX EBFOJODL CNX CF

BVY NBOJGFTUBUJPOT RVѳJMT PSHBOJTFOU 1S©TFOUBUJPOT EF OPVWFMMFT WPJUVSFT DPVSTFT DPODFSUT SFODPOUSFT FYDMVTJWFT Ҁ FU CJFO EѳBVUSFT 4VSGF[ TVS

XXX CNX KPJF CF FU XXX CNX KPJF MV SFO USF[ WPT DPPSEPOO©FT FU WPVT SFDFWSF[ QFVU ªUSF CJFOU´U VOF JOWJUBUJPO QPVS VO EFT ©W©OFNFOUT #.8 $BS EBOT OPUSF NPOEF UPVU UPVSOF BVUPVS EF WPUSF QMBJTJS

/PVWFMMF NPVUVSF EV TJUF 4VSGF[ WJUF TVS OPUSF UPVU OPVWFBV TJUF XFC FOUJ¨SFNFOU SFWJ TJU© FU E©DPVWSF[ Z FOUSF BVUSFT WPT NPE¨MFT #.8 GBWPSJT

XXX CNX CF FU XXX CNX MV

#.8.BHB[JOF

/&84 - B O P V W F M M F # . 8 4 © S J F 5P V S J O H 4VS MB OPVWFMMF #.8 4©SJF 5PVSJOH QMBJTJS EF DPOEVJSF FGGJDBDJU© QPMZWBMFODF FU ©M©HBODF TQPSUJWF TѳIBSNPOJTFOU QBSGBJUFNFOU $FUUF 5PVSJOH RVBUSJ¨NF H©O©SBUJPO DPOWBJOD FMMF BVTTJ QBS TFT FYDFQUJPOOFMMFT RVBMJ U©T TVS MF QMBO EF MB T©DVSJU© EV DPOGPSU FU EV EZOBNJTNF EF DPOEVJUF

-JHOF JOEJWJEVFMMF ©M©HBODF TQPSUJWF -B OPVWFMMF #.8 4©SJF 5PVSJOH FYQSJNF TPO DBSBDU¨SF QBS EFT MJHOFT NBS RVBOUFT VOF BMMVSF QVJTTBOUF FU EZOBNJRVF 4PO DBQPU ©UJS© TPO FNQBUUFNFOU MPOH FU TB MJHOF EF UPJU QMPOHFBOUF BUUJSFOU MF SFHBSE &O PQUJPO UPVUFT MFT WBSJBOUFT EF MB OPVWFMMF #.8 4©SJF 5PVSJOH QFVWFOU SFDFWPJS MB OPVWFMMF CP®UF BVUPNBUJRVF  SBQQPSUT " MѳJOTUBS EF MB EJSFDUJPO  BTTJTUBODF ©MFDUSPN©DBOJRVF &14

TUBOEBSE FMMF BQQPSUF VOF DPOUSJCVUJPO TVQQM©NFOUBJSF  MѳFGGJDBDJU© -B OPV WFMMF #.8 4©SJF 5PVSJOH FTU CJFO T»S ©RVJQ©F EF T©SJF BWFD MFT ©M©NFOUT #.8 &GGJDJFOU%ZOBNJDT

-F DPGGSF EF MB OPVWFMMF #.8 4©SJF 5PVSJOH MJC¨SF VO WPMVNF EF MJUSFT RVJ QFVU ªUSF QPSU©  MJUSFT HS¢DF  MB CBORVFUUF BSSJ¨SF SBCBUUBCMF FO FU EF T©SJF VOJRVF EBOT TB DBU©HPSJF

%BOT VOF QSFNJ¨SF QIBTF MB OPVWFMMF #.8 4©SJF 5PVSJOH FTU MBOD©F BWFD RVBUSF NPUFVST EJFTFM FU USPJT NPUFVST FTTFODF -B #.8 E 5PVSJOH FNCBSRVF VO EFVY MJUSFT EJFTFM E©MJWSBOU VOF QVJTTBODF EF DI QPVS VOF DPOTPNNB UJPO NPZFOOF EF MJUSFT LN FU EFT ©NJTTJPOT EF $0 EF H LN JO©HB M©FT EBOT TPO TFHNFOU

"VTTJ EJTQPOJCMF EBOT VOF WFSTJPO GJTDBMFNFOU BWBOUBHFVTF EF DI

XXX CNX CF XXX CNX MV

; P V UF ( S B O E 1 S J Y %F N©NPJSF EѳIPNNF ,OPLLF MF ;PVUF B UPVKPVST ©U© MF SF趒 FU EѳVO DFSUBJO BSU EF WJWSF P¹ MFT MPJTJST SJNFOU BWFD DMBTTF TQPSU FU SBG趑 OFNFOU $FT EFSOJ¨SFT BOO©FT MB TUBUJPO CBMO©BJSF B BDDVFJMMJ VO ©W© OFNFOU BVUPNPCJMF EF SFOPN S©TFSW© BVY WPJUVSFT BODJFOOFT EF QSFT UJHF RVJ B JOTQJS© VOF CBOEF EѳBNJT QBTTJPOO©T *MT POU NJT TVS QJFE MF ;PVUF "VUPNPCJMF $MVC BWFD MF CVU EF DS©FS VO OPVWFM ©W¨OFNFOU EF US¨T IBVU OJWFBV EBOT MF QBZTBHF CFMHF EFT SBMMZFT BVUPNPCJMFT -B QSFNJ¨SF ©EJUJPO EV ;065& (3"/% 13*9 B BDDVFJMMJ MFT WFOESFEJ FU TBNFEJ PDUPCSF FOWJSPO BVUPNPCJMFT *M TѳBHJU EF WPJUV SFT EF QSFTUJHF BJOTJ RVF EF QBSUFOBJSFT DPNNFSDJBVY JNQPSUBOUT EV RVBSUJFS EF MB ,VTUMBBO $F SBMMZF EF S©HVMBSJU© FTU S©TFSW© BVY W©IJDVMFT DPOTUSVJUT FOUSF FU "V E©QBSU TF TPOU OPUBNNFOU BMJHO©FT VOF #.8 VOF #.8 FU VOF #.8

#.8.BHB[JOF

XXX [PVUFBVUPNPCJMFDMVC CF

-B OPVWFMMF #.8 4©SJF 5PVSJOH BGGJDIF VO T©EVJTBOU EZOBNJTNF FU DPOWBJOD QBS TB MJHOF GMVJEF SBZPOOBOU EF QVODI FU Eѳ©M©HBODF TQPSUJWF

-F -VYFNCPVSH SFQS©TFOU© BV %BLBS *M OѳZ BWBJU QMVT FV Eѳ©RVJQF MVYFNCPVSHFPJTF BV E©QBSU EV SBMMZF %BLBS EFQVJT -ѳ©EJUJPO WFSSB MB QBSUJDJQBUJPO EF Mѳ©RVJQF 3"--: %& -69& %BWJE 3JOD³O TѳFOWPMF FO FGGFU WFST Mѳ"N©SJRVF EV 4VE  MB 趑 O EF DFUUF BOO©F QPVS QSFOESF QBSU BWFD TB NPUP #.8 ( 9 BV QMVT EVS SBMMZF EV NPOEF k .PO CVU FTU EѳBUUFJOESF MѳBSSJW©F #.8 "SOPME ,POU[ TPVUJFOU NPO QSPKFU FU NѳB CFBVDPVQ BJE© 4BOT MFVS DPMMBCP SBUJPO KF OF NF TFSBJT KBNBJT MBOD© EBOT MѳBWFOUVSF { FYQMJRVF %BWJE 3JOD³O k +F E©DPNQUF E©K MFT KPVST BWBOU MF HSBOE E©QBSU {

XXX BSOPMELPOU[ CNX MV

#.8.BHB[JOF

/&84

NJMMJN¨USF DѳFTU Mѳ©QBJTTFVS EFT DPVDIFT QMBTUJRVFT RVJ EBOT MFT WJUSBHFT EFT #.8 DPOUSJCVFOU  MJNJUFS Mѳ©DIBVGGF NFOU EF MѳIBCJUBDMF E» BV SBZPOOFNFOU TPMBJSF € UJUSF EF DPNQB SBJTPO VO DIFWFV IVNBJO FTU QS¨T EF GPJT QMVT ©QBJT "V UPUBM MF WFSSF GFVJMMFU© DPNQSFOE EF DFT DPVDIFT JTPMBOUFT -ѳ©DIBVGGFNFOU  MѳJOU©SJFVS EѳVOF BVUPNPCJMF E©QFOE NPJOT EF MB DPVMFVS EF MB DBSSPTTFSJF RVF EF MB OBUVSF EV WJUSBHF

- F . F H B D J U Z 7F I J D M F B S S J W F #.8 E©WPJMF MFT QSFNJFST E©UBJMT EF MB DJUBEJOF ©MFDUSJRVF RVJ TFSB MBOD©F FO TPVT VOF OPVWFMMF TPVT NBSRVF #.8 ‰RVJQ©F EѳVO NPUFVS BSSJ¨SF EF L8 FMMF NFTVSFSB FOWJSPO RVBUSF N¨USFT FU BDDVFJMMFSB KVTRVѳ RVBUSF QFS TPOOFT -FT TPOOFT -FT $&--6-&4 $&--6-&4 -*5)*6. *0/ MPH©FT MPH©FT EBOT MF QMBODIFS QFTBOU MPH©F RVFMRVF LH MB DPOTUSVDUJPO BMM©H©F KPVF VO S´MF DFOUSBM EBOT MF E©WFMPQQF RVFMRVF LH MB DPOTUSVDUJPO BMM©H©F KPVF NFOU EV .FHBDJUZ 7FIJDMF "V QSPHSBNNF VO USBJO SPVMBOU FO BMVNJOJVN FU VOF NFOU EV .FHBDJUZ 7FIJDMF "V QSPHSB DBSSPTTFSJF VMUSBM©H¨SF FO DPNQPTJUF DBSCPOF S©TJOF "V 趑 DBSSPTTFSJF VMUSBM©H¨SF FO DPN OBM DF W©IJDVMF OF EF WSBJU QBT QFTFS QMVT MPVSE RVѳVOF BVUPNPCJMF DPNQBSBCMF  QSPQVMTJPO DPOWFO WSBJU QBT QFTFS QMVT MP UJPOOFMMF DF RVJ EFWSBJU MVJ BTTVSFS VOF UJPO UJ POOF OFMMMMF F D DF F R R "650/0.*& %& ,.

#.8.BHB[JOF

# S ¨ W F T 4VDD¨T FO T©SJF EBOT MF DBESF EFT k *OUFSOBUJPOBM &O HJOF PG UIF :FBS "XBSET { MF 7 EF MB #.8 .

MF TJY DZMJOESFT FTTFODF EF DI #.8 4©SJF 4©SJF FU 4©SJF FU MF RVBUSF DZMJOESFT EJFTFM EF DI #.8 9 FU E POU ©U© QSPDMBN©T .&*--&634 .05&634 EF MFVS DBU©HPSJF XXX VLJQNF DPN FOHJOFPGUIFZFBS -PST EV DSBTI UFTU &VSP /$"1 MB OPVWFMMF #.8 4©SJF #FSMJOF B SF§V MB OPUF NBYJNBMF EF DJOR ©UPJMFT &MMF PGGSF VOF FYDFMMFOUF QSPUFDUJPO  TFT PDDVQBOUT FU EJTQPTF EѳVO ©RVJQFNFOU EF T©DVSJU© TBOT GBJMMF &O NBUJ¨SF EF 1305&$5*0/ %&4 1*‰50/4 FMMF B NªNF PCUFOV MF NFJMMFVS S©TVMUBU KBNBJT BUUFJOU EBOT DFUUF DBU©HPSJF XXX CNX CF XXX CNX MV -FT NPUPT #.8 , (5 FU (5- QSPQVMT©FT QBS VO TJY DZMJOESFT FO MJHOF EF DI POU S©DFN NFOU ©U© QS©TFOU©FT FO QSFNJ¨SF NPOEJBMF BV TBMPO *OUFSNPU  $PMPHOF XXX CNX NPUPSSBE CF XXX CNX NPUPSSBE MV 'JOJFT MFT TQ©DVMBUJPOT MB HBNNF #.8 . . .

9 . 9 .

TѳBHSBOEJU -B #.8 4©SJF . $PVQ© TFSB QS©TFOU©F BV QVCMJD BV QSFNJFS TFNFTUSF XXX N QPXFS DPN &O UPVUFT MFT #.8 TFSPOU DPNQBUJCMFT BWFD MF TZTU¨NF J1PE 0VU Eѳ"QQMF -ѳJOUFSGBDF "QQMF TѳBG趑 DIFSB TVS Mѳ©DSBO FU MFT GPODUJPOT J1PE TFSPOU QJMPU©FT WJB MF J%SJWF $POUSPMMFS XXX CNX UW JQPE PVU

$POTUSVDUJPO BMM©H©F 1PVS TFT EFTTPVT EF DBJTTF RVJ TPOU FTTFOUJFMT FO UFSNFT EѳB©SPEZOB NJRVF FU EѳJOTPOPSJTBUJPO #.8 NJTF TVS VO OPVWFBV NBU©SJBV IBVUF UFDIOPMPHJF 1BS SBQQPSU BV polypropylène NJT FO ýVWSF KVTRVѳ QS©TFOU MF Light Weight Reinforced Thermoplast FTU OFUUFNFOU NPJOT WPMVNJOFVY FU EFVY GPJT NPJOT MPVSE $FMB 3‰%6*5 -& 10*%4 EV W©IJDVMF FU QBSUBOU TB DPOTPNNBUJPO

"JS $VSUBJO -ѳB©SPEZOBNJRVF FTU VOF DPNQPTBOUF JNQPSUBOUF EV QSPHSBNNF #.8 &G趑 DJFOU%ZOBNJDT 2VFMRVF EF MB S©TJTUBODF B©SPEZOBNJRVF TF QSPEVJTFOU BV OJWFBV EFT SPVFT $POTJE©SBOU RVѳJM Z B M VO HSBOE QPUFOUJFM EF 3‰%6$5*0/ %& -" 3‰4*45"/$& "‰30%:/".*26& MFT JOH©OJFVST #.8 USBWBJMMFOU  VO k "JS $VSUBJO { VO SJEFBV EѳBJS MF WFOU SFMBUJG QBTTF QBS EFT PSJ趑 DFT EBOT MB KVQF BWBOU FU Tѳ©DPVMF QBS VO DPOEVJU WFST MFT QBTTBHFT EF SPVFT BWBOU - VOF CVTF ©USPJUF EJSJHF MF 趒 VY EѳBJS MF MPOH EFT 趒 BODT EFT QOFVNBUJRVFT *M QSFOE BMPST MB GPSNF EѳVO SJEFBV RVJ TF E©QPTF TVS MFT QBTTBHFT EF SPVFT FU ©WJUF MFT UPVSCJMMPOT HªOBOUT  DF OJWFBV $FMB S©EVJU MB S©TJTUBODF B©SPEZOBNJRVF FU EPOD MB DPOTPNNBUJPO #.8.BHB[JOF

#.8.BHB[JOF

/067&--& #.8 9

7*7& -" +0*&

#.8.BHB[JOF

1 ) 0 5 0 4 4*.0/ 164$)."//

1MVT EF EZOBNJTNF NPJOT EF DPOTPNNBUJPO FU TVSUPVU CFBVDPVQ EF QMBDF MB OPVWFMMF #.8 9 B OFUUFNFOU HSBOEJ UPVU FO SFTUBOU MѳBVUPNPCJMF MB QMVT TQPSUJWF EF TB DBU©HPSJF &U HS¢DF BVY NFTVSFT #.8 &G趑 DJFOU%ZOBNJDT FMMF EFNFVSF VO W©SJUBCMF NPE¨MF FO NBUJ¨SF EѳFG趑 DJFODF &O U©NPJHOFOU TFT NPUFVST TPCSFT FU QVJTTBOUT TB CP®UF EF WJUFTTFT BVUPNBUJRVF  SBQQPSUT FO PQUJPO BWFD GPODUJPO EѳBSSªU FU EF SFE©NBSSBHF BVUPNBUJRVF EV NPUFVS TFT QOFV NBUJRVFT  GBJCMF S©TJTUBODF BV SPVMFNFOU FU TB EJSFDUJPO  BTTJTUBODF ©MFDUSJRVF -F QSPHSBNNF EѳPQUJPOT #.8 $POOFDUFE%SJWF FTU JO©EJU EBOT MB DBU©HPSJF -FT OPNCSFVTFT JOOPWBUJPOT RVѳJM SFHSPVQF SFMJFOU MF DPOEVDUFVS BV W©IJDVMF FU BV NPOEF FYU©SJFVS "VUSF BUPVU NBKFVS MѳIBCJUBDMF H©O©SFVY FU ©M©HBOU %©K TQBDJFVTF EBOT TB WFSTJPO QS©D©EFOUF MB #.8 9 EFWJFOU VO W©SJUBCMF NJSBDMF EF H©O©SPTJU© 6O TJHOF EF WSBJF HSBOEFVS

#.8.BHB[JOF

#.8.BHB[JOF

-FT QBTTBHFST OF TPOU QBT MFT TFVMT  QSPê ‹ UFS EF MѳFTQBDF H©O©SFVY JM FO WB EF NªNF QPVS UPVT MFT PCKFUT RVJ TPOU EV WPZBHF .BSD FU TFT BNJT POU DIBSH© UPVU MFVS ©RVJQFNFOU PVUEPPS QPVS MF XFFL FOE EV DBOP« HPOê Œ BCMF  MB UFOUF -FT EFVY W©MPT TPOU ê ‹ Y©T TVS MF TZTU¨NF EF QPSUBHF NPEVMBJSF EF UPJU #.8.BHB[JOF

‰-‰("/$& € -ѳ&95‰3*&63 -*#&35‰ € -ѳ*/5‰3*&63

#.8.BHB[JOF

#.8.BHB[JOF

#.8.BHB[JOF

-ѳIBCJUBDMF EF MB #.8 9 HBSBOUJU EFT NPNFOUT EF KPJF  Mѳ©UBU QVS -FT EFTJHOFST #.8 NJTFOU TVS EFT GPSNFT ©M©HBOUFT FU EFT NBU©SJBVY IBVU EF HBNNF %FT UFJOUFT EF HBSOJTTBHF BHS©BCMFT EFT JOTFSUT E©DPSBUJGT FO CPJT QS©DJFVY FU EF EJTDS¨UFT UPVDIFT DISPN©FT DPOG¨SFOU  DFU JOU©SJFVS VOF BQQBSFODF NPEFSOF FU B©S©F

#.8.BHB[JOF

#3*-- "/5& "11"3*5*0/ & 5 + 0 * & 3 ":0 / / " / 5 & #.8.BHB[JOF

%:/".*4.& &5 &''*$*&/$&

&41"$&

%BOT VO QSFNJFS UFNQT MB OPVWFMMF #.8 9 TFSB QSPQPT©F BWFD EFVY NPUPSJTBUJPOT -F RVBUSF DZMJOESFT EJFTFM EF MB #.8 9 Y%SJWF E TF S©W¨MF MF NFJMMFVS NPUFVS EF TB DBU©HPSJF FO UFSNFT EѳFG趑 DJFODF JM E©WFMPQQF DI L8 PV DI L8 QPVS VOF DPOTPNNB UJPO Eѳ QFJOF M LN -F NPUFVS FTTFODF EF MB #.8 9 Y%SJWF J FTU MF QMVT QVJTTBOU EF TPO TFHNFOU BWFD DI L8 QPVS VOF DPOTPNNBUJPO NPZFOOF FYUSªNFNFOU NPE©S©F M LN

-F QVJTTBOU NPE¨MF FTTFODF FTU ©RVJQ© EF T©SJF MB WFSTJPO EJFTFM FO PQUJPO EF MѳVOF EFT CP®UFT EF WJUFTTFT MFT QMVT NPEFSOFT BV NPOEF $FUUF OPVWFMMF CP®UF BVUPNBUJRVF  SBQQPSUT FTU QBSGBJUFNFOU ©UBH©F FU QBTTF MFT SBQQPSUT SBQJEFNFOU FU EF NBOJ¨SF RVBTJNFOU JNQFSDFQ UJCMF *M TѳBHJU EF MB TFVMF CP®UF BVUPNBUJRVF EF DFUUF DBU©HPSJF  ªUSF DPNCJO©F BWFD MB GPODUJPO EѳBSSªU FU EF SFE©NBSSBHF BVUPNBUJRVF EV NPUFVS DF EFSOJFS TѳBSSªUF E¨T RVF MF DPOEVDUFVS JNNPCJMJTF MF W©IJ DVMF FU HBSEF MF QJFE TVS MF GSFJO 3©TVMUBU EFT NPE¨MFT  CP®UF BVUP NBUJRVF OF DPOTPNNFOU QBT QMVT RVF DFVY BWFD CP®UF NBOVFMMF -F OPVWFBV USBJO SPVMBOU BWFD USBJO BSSJ¨SF  CSBT FU WPJF ©MBSHJF EF NN FTU MF HBSBOU EѳVO DPOGPSU EF DPOEVJUF OFUUFNFOU BN©MJPS© FU EѳVOF SFNBSRVBCMF BHJMJU© -B GBDJMJU© EF DPOEVJUF ©UPOOBNNFOU QS©DJTF EF MB OPVWFMMF #.8 9 FTU EVF QPVS VOF CPOOF QBSU  MB UFDIOPMPHJF SPVFT NPUSJDFT Y%SJWF QFSGFDUJPOO©F RVJ USBOTNFU UPVKPVST MF DPVQMF NPUFVS  MѳFTTJFV C©O©趑 DJBOU EF MB NFJMMFVSF NPUSJDJU© "WFD MB DPN NBOEF EF S©HVMBUJPO EV DPNQPSUFNFOU EZOBNJRVF PQUJPO MF DPOEVD UFVS QFVU FO QMVT TVS TJNQMF QSFTTJPO EѳVO CPVUPO BEBQUFS MB WPJUVSF  TPO TUZMF EF DPOEVJUF ѭ QMVU´U BY© DPOGPSU PV QMVU´U TQPSUJG ѭ FU BVY TQ©DJ趑 DJU©T EF MB DIBVTT©F

7PZBHFT EѳBGGBJSFT FYDVSTJPO FO GBNJMMF PV WJS©F TQPOUBO©F FOUSF BNJT MB #.8 9 HBSBOUJU VOF MJCFSU© EF NPVWFNFOU BCTPMVF EBOT MѳIBCJUBDMF -B CBORVFUUF BSSJ¨SF FTU SBCBUUBCMF FO USPJT QBSUJFT FO PQUJPO DF RVJ GBJU QBTTFS MB DBQBDJU© EV DPGGSF EF  MJUSFT 6O SFDPSE EBOT DFUUF DBU©HPSJF %F MB QMBDF QPVS MFT CBHBHFT EѳVOF GBNJMMF EF DJOR QFSTPOOFT "VDVO QSPCM¨NF 1PVS USPJT DPQBJOT FU MFVST 755 .ªNF DIPTF 1PVS RVBUSF QFSTPOOFT FU MFVS ©RVJQFNFOU EF TLJ 6OF CSPVUJMMF -B IBVUFVS TPVT QBWJMMPO FU MѳFTQBDF BVY KBNCFT TPOU ©HBMFNFOU BV QMVT IBVU OJWFBV */'0 %*7&35*44&.&/5

-B OPVWFMMF #.8 9 FTU MF QSFNJFS NPE¨MF EF MB DBU©HPSJF  EJTQPTFS FO PQUJPO EV )FBE 6Q %JTQMBZ RVJ QSPKFUUF UPVUFT MFT JOGPSNBUJPOT JNQPS UBOUFT TVS MF QBSF CSJTF EBOT MF DIBNQ WJTVFM EJSFDU EV DPOEVDUFVS %F QMVT VO ©DSBO ѷ DN FO PQUJPO JOGPSNF MF DPOEVDUFVS QBS MF CJBJT EFT OPNCSFVTFT GPODUJPOT EF DPOGPSU #.8 $POOFDUFE%SJWF PQUJPOOFMMFT DPNNF QBS FYFNQMF MB DBN©SB EF SFDVM #.8 9

Y%SJWF J

Y%SJWF E Y%SJWF J

$BSBDU©SJTUJRVFT UFDIOJRVFT

#P®UF EF WJUFTTFT /PNCSF EF DZMJOESFT $ZMJOES©F DN 1VJTTBODF DI L8

"VUP SBQ

"VUP SBQ

"VUP SBQ FO PQUJPO

PV

$PVQMF NBYJNBM /N

7JUFTTF NBYJNBMF LN I TVS DJSDVJU

$POTP DZDMF FYUSB VSCBJO M LN

$POTP DZDMF NJYUF M LN

"DD©M©SBUJPO LN I T

$POTP DZDMF VSCBJO M LN

‰NJTTJPOT EF $0 H LN

"WFD CP®UF EF WJUFTTFT NBOVFMMF  SBQQPSUT 4VJWBOU OPSNF &6 %JTQPOJCJMJU© QS©WJTJPOOFMMF  QBSUJS EV F USJNFTUSF 7FSTJPO  CBTTF ê ‹ TDBMJU©

#.8.BHB[JOF

C’est quoi entreprendre ?

Se développer ou s’améliorer ?

Constituer des réserves ou investir ?

Et en avez-vous déjà parlé à quelqu’un d’autre que vous-même ?

Entreprendre peut signifier beaucoup. Pour les uns, c’est lancer son projet. Pour les autres, c’est réussir sa croissance. Pour d’autres encore, c’est céder son affaire. Chez Dexia, nous pensons que l’essentiel, c’est de définir ensemble ce que signifie entreprendre pour vous et votre entreprise. Quel que soit le stade de développement de votre entreprise, nous examinerons avec vous vos besoins et serons heureux de vous guider dans votre choix.

Prenez rendez-vous avec votre spécialiste Dexia Business Banking ou découvrez-en plus sur www.dexia.be/professionnel.

ensemble, à l’essentiel

Dexia Banque SA, boulevard Pachéco 44, 1000 Bruxelles – IBAN BE23 0529 0064 6991 – BIC GKCC BE BB – RPM Bruxelles TVA BE 0403.201.185 – CBFA n° 19649 A – SPF Économie 4944.

5 & 9 5 & 1 & 5 & 3 3 * $ ) 5 & 3 1 ) 0 5 0 4 +6-*"/ #30"%

"35 $"3 /p

97** 4*(/‰& +&'' ,00/4 - " - ‰ ( & / % & & 4 5 7 * 7 " / 5 & - " / 0 6 7 & - - & # . 8 " 3 5 $ " 3 $ ѳ & 4 5 % 6 ( 3 " / % " 3 5 %6 (3"/% "35 4*(/‰ +&'' ,00/4

#.8.BHB[JOF

#.8.BHB[JOF

6/ $)&' %ѳü673& 4*(/‰

-& ."/4 +6*/ ) -FT CPMJEFT TPOU HBS©T D´UF  D´UF FO GBDF EF MB WPJF EFT TUBOET -F DBMNF BWBOU MB UFNQªUF -ѳVOF EFT WPJUVSFT VOF #.8 . (5 EPOOF QPVSUBOU E©K MѳJNQSFTTJPO EF GPODFS  LN I 0O OF QFS§PJU RVѳVO GBJTDFBV EF USB®O©FT BSEFOUFT 6O IPNNF UPVU TPVSJSF TF UJFOU EFCPVU EFWBOU FMMF +FGG ,PPOT -ѳVOF EFT TVQFSTUBST EV NPOEF EF MѳBSU 1PVS VOF GPJT MFT KPVSOBMJTUFT TѳJOU©SFTTFOU QMVT BVY GPSNFT FU BVY DPVMFVST RVѳBVY DIFWBVY FU BVY UPVST NJOVUF &U QPVSUBOU EBOT NPJOT EѳVOF IFVSF MB EJY TFQUJ¨NF #.8 "SU $BS TJHO©F +FGG ,PPOT WB QBSUJDJQFS BVY )FVSFT EV .BOT 1PVS VOF BVUP NPCJMF JM TѳBHJU EѳVOF ©QSFVWF SFEPVUBCMF NBJT RVF EJSF RVBOE DFUUF BVUPNPCJMF FTU VOF ýVWSF EѳBSUҀ -& ."/4 +6*/ %"/4 -&4 "//‰&4 &O MF QJMPUF )FSW© 1PVMBJO QBSUJDJQF QPVS MB QSFNJ¨SF GPJT  DFUUF DPVSTF M©HFOEBJSF $PNNJTTBJSF QSJTFVS EF QSPGFTTJPO MѳIPNNF FTU MѳBNJ EF MѳBSUJTUF "MFYBOEFS $BMEFS $F EFSOJFS EPJU TB SFOPNN©F  TPO BSU DJ O©UJRVF FU  TFT TDVMQUVSFT BOJN©FT &U RVFMMF ýVWSF QPVSSBJU ªUSF QMVT DJO©UJRVF FU RVFMMF TDVMQUVSF QMVT SBQJEF RVѳVOF BVUPNPCJMF $BMEFS QBSF MB #.8 $4- EF 1PVMBJO EF TVSGBDFT DPMPS©FT EZOBNJRVFT RVJ ©WP RVFOU EFVY EBOTFVST FOMBD©T MB QSFNJ¨SF #.8 "SU $BS FTU O©F -B EFVYJ¨NF FTU MѳýVWSF EF 'SBOL 4UFMMB VO QBTTJPOO© EF TQPSUT N©DB OJRVFT € MFVS TVJUF PO USPVWF MFT TVQFSTUBST EV QPQ BSU 3PZ -JDIUFOTUFJO FU "OEZ 8BSIPM %BOT MFT BOO©FT MF QSPHSBNNF FTU ©UFOEV BVY W©IJ DVMFT EF T©SJF .BJT  MB 趑 O EFT BOO©FT DѳFTU  OPVWFBV VOF WPJUVSF EF TQPSU RVJ FTU USBOTGPSN©F FO ýVWSF EѳBSU QBS +FOOZ )PM[FS VOF "N© SJDBJOF &O MF %BOPJT 0MBGVS &MJBTTPO FOSPCF VOF WPJUVSF EF HMBDF "V DPVST EF MѳBOO©F FO趑 O MѳBSUJTUF +FGG ,PPOT GBJU QBSU EF TPO TPV IBJU TFDSFU DPODFWPJS VOF #.8 "SU $BS 0#&303/"6 '*/ ."* "V E©QBSU +FGG ,PPOT QS©WPZBJU EF USBWBJMMFS BWFD EFT IPMPHSBNNFT EFT EFTTJOT BNCJWBMFOUT BV NPUJG DIBOHFBOU TFMPO MѳBOHMF TPVT MFRVFM PO MFT PCTFSWF %ѳFNCM©F JM ©UBJU DMBJS RVF MF QSPKFU EFWBJU QPSUFS TVS MB WJTVBMJTB UJPO EV NPVWFNFOU EF MB WJUFTTF EF MѳBDD©M©SBUJPO *M B GBMMV QPVSUBOU TF SFOESF  Mѳ©WJEFODF MFT IPMPHSBNNFT ©UBJFOU USPQ MPVSET -F QPJET TVQ QM©NFOUBJSF FOHFOES© BVSBJU DPOTJE©SBCMFNFOU S©EVJU MFT DIBODFT EF WJDUPJSF EF MB WPJUVSF ,PPOT E©WFMPQQF EPOD VO QSPKFU EFTUJO©  ªUSF JNQSJN© TVS VO 趑 MN FU DPMM© TVS MB WPJUVSF 8PMGHBOH 4DINJE EFWJFOU MѳBD UFVS DM© EF MB S©BMJTBUJPO 4DINJE FTU FO FGGFU VO TQ©DJBMJTUF EV 趑 MN BE

#.8.BHB[JOF

I©TJG .BJT S©BMJTFS VO NPUJG DPI©SFOU SFDPVWSBOU UPVUF MB DBSSPTTFSJF FTU VO W©SJUBCMF E©趑 -FT NPE¨MFT QSPWFOBOU EF MѳBUFMJFS OFX ZPSLBJT EF ,PPOT TPOU CJEJNFOTJPOOFMT DPNNFOU MFT USBOTQPTFS TVS VO PCKFU USJEJNFO TJPOOFM $PODS¨UFNFOU EF DPNCJFO GBVU JM DPVSCFS VOF MJHOF TVS VOF TVSGBDF CPNC©F QPVS RVF WVF EF MPJO FMMF QBSBJTTF ESPJUF ,PPOT B ©HBMFNFOU FYJH© MѳVUJMJTBUJPO EѳVOF JNQSJNBOUF TJY DPVMFVST BV MJFV EFT RVBUSF IBCJUVFMMFT B趑 O RVF MFT UPOT PSBOHF WFSU FU HSJT SFTTPSUFOU FYBD UFNFOU DPNNF JM MF TPVIBJUBJU ,PPOT TPVIBJUBJU PCUFOJS VO S©TVMUBU BVTTJ MJTTF MVNJOFVY FU CSJMMBOU RVF QPTTJCMF .BJT FO GBJU RVF SFQS©TFOUFOU DFT SBJFT EF DPVMFVS 1"3*4 +6*/ -ѳBSUJTUF WPVMBJU ©UBCMJS VO EJBMPHVF BWFD MFT BVUSFT #.8 "SU $BST 5PVU QBSUJDVMJ¨SFNFOU BWFD MB #.8 . Eѳ"OEZ 8BSIPM RVJ B QBSUJDJQ© BVY )FVSFT EV .BOT FO $ѳFTU QPVS DFMB RVѳJM B JOTJTU© QPVS BWPJS MF OVN©SP EF E©QBSU € QSPQPT EF TB DS©BUJPO JM E©DMBSF k +ѳBJ SF DIFSDI© EJGG©SFOUFT SFQS©TFOUBUJPOT EF Mѳ©OFSHJF 2VF TF QBTTF U JM MPSTRVF MF NVS EV TPO FTU GSBODIJ { *M QBSMF EF SBZPOT MVNJOFVY RVJ ©CMPVJTTFOU FU EѳFYQMPTJPOT RVJ TF S©QFSDVUFOU EBOT MѳFTQBDF $ѳFTU DF RVJ FYQMJRVF MFT DPVMFVST OFUUFT MFT DPOUSBTUFT GPSUT UPVU UPVSOF BVUPVS EF MB WJTJCJMJU©  IBVUF WJUFTTF %BOT TB KFVOFTTF +FGG ,PPOT B USBWBJMM© TVS VO DJSDVJU BVUPNPCJMF E©DPVWSBOU BJOTJ MѳFTUI©UJRVF EF MB WJUFTTF k $FT WPJUVSFT TPOU DPOTUSVJUFT EBOT MF TFVM CVU EF GPVSOJS EFT QFSGPS NBODFT PQUJNBMFT EBOT EFT DPOEJUJPOT FYUSªNFNFOU EJG趑 DJMFT $ѳFTU VOF RVFTUJPO EF QVJTTBODF FU EѳFOEVSBODF ѭ DPNNF EBOT MB WSBJF WJF { -B #.8 "SU $BS EF ,PPOT FTU TJHO©F  MѳFOESPJU NªNF P¹ 3PZ -JDI UFOTUFJO BWBJU MVJ BVTTJ TJHO© MB TJFOOF BV $FOUSF 1PNQJEPV -PSTRVF MB QBSUJF BSSJ¨SF EF MB WPJUVSF FTU E©WPJM©F BV QVCMJD JM OѳZ B QMVT BVDVO EPVUF TVS MѳJOUFSQS©UBUJPO QPTTJCMF EF MѳýVWSF -FT SBJFT EF DPVMFVS OF GPODFOU QBT EV UPVU EF MB DBMBOESF WFST MѳBSSJ¨SF $ѳFTU MѳJOWFSTF MѳFYQMP TJPO TF QSPEVJU  MѳBSSJ¨SF M P¹ MB GPSDF NPUSJDF FTU USBOTNJTF BVY SPVFT QVJT UPVU DPOWFSHF WFST MѳBWBOU WFST MB DBMBOESF %ѳVOF DFSUBJOF NBOJ¨SF MB WPJUVSF TF DBUBQVMUF FO BWBOU $F TPOU EFT SFOWFSTFNFOUT UFMT RVF DFMVJ DJ RVJ GPOU EѳVO PCKFU FTUI©UJRVFNFOU JOU©SFTTBOU VOF ýVWSF EѳBSU -& ."/4 +6*/ -B DPVSTF GBJU QBSUJF EF MB QSPEVDUJPO BSUJTUJRVF -FT DJDBUSJDFT RVF MB #.8 "SU $BS EF +FGG ,PPOT FO SFUJSFSB WPOU DPODPVSJS  MB QFSGFDUJPO 趑 OBMF EF MѳýVWSF -F E©QBSU FTU EPOO©  I "QS¨T UPVST %JSL .¼MMFS MF QJMPUF #.8 EPJU GBJSF QSPD©EFS  VOF S©QBSBUJPO -B #.8 "SU $BS QFSE TJY QMBDFT 1VJT FMMF SFWJFOU FO DPVSTF BWFD "OEZ 1SJBVMY BV WPMBOU 1FV  QFV MB OVJU UPNCF TVS MF DJSDVJU *M FTU I QBTT©FT 0O FO FTU BV F UPVS -F #SJUBOOJRVF FTU DPOUSBJOU EF TѳBSSªUFS BWBOU MF WJSBHF Eѳ*OEJBOBQPMJT 1SPCM¨NF BWFD MB KBVHF EF DBSCVSBOU -B WPJUVSF OF SF QSFOESB QBT MB DPVSTF ,PPOT FTU E©§V CJFO FOUFOEV .BJT MB #.8 "SU $BS FTU JOUBDUF FU NªNF  MѳBSSªU FMMF EPOOF UPVKPVST MѳJNQSFTTJPO EF GPODFS &U QVJT BV 趑 OBM FMMF GFSB CJFO QMVT EF LJMPN¨USFT RVF MFT BVUSFT DBS TB UPVSO©F EFT NVT©FT OF GBJU RVF DPNNFODFS

/&8 :03, .6/*$) -& ."/4

k +& /& '0/$& 1"4 463 - " 3065& ."*4 +ѳ"*.& "33*7&3 € %&45*/"5*0/ "644* 7*5& 26& 1044*#-& { +&'' ,00/4

& 9 & . 1 - " * 3 & . B S J B H F J E © B M

E V T Q P S U B V U P N P C J M F F U E F M ѳB S U M B # . 8 " S U $ B S B U U J S F UPVT MFT SFHBSET #.8.BHB[JOF

#.8.BHB[JOF

1SJTFT EF WVF FO TUVEJP 5IPNBT WPO 4BMPNPO

' 6 * 5 & & / "7" / 5 - F T S B J F T E F , P P O T D P O W F S H F O U WFST MFT OBTFBVY

#.8.BHB[JOF

#.8.BHB[JOF

5 & 9 5 & 1&5&3 3*$)5&3 1 ) 0 5 0 4 $0635&4: 0' +&'' ,00/4

+&'' ,00/4 +&'' ,00/4 &45 6/& %&4 (3"/%&4 4*(/"563&4 %& -ѳ"35 $0/5&.103"*/ "7"/5 %& 1-"/$)&3 463 -" %&3/*ˆ3& #.8 "35 $"3 *- 4ѳ‰5"*5 %‰+€ *.104‰ $0..& "65&63 %& 1-64*&634 %*;"*/&4 %ѳü673&4 ‰5&3/&--&4 3&5063 463 6/& $"33*ˆ3& )034 %6 $0..6/ #.8.BHB[JOF

) P P W F S $ F M F C S J U Z * * * 1 S F N J ¨ S F T B S N F T Q P V S T B T © S J F P r e - N e w ,PPOT TVTQFOE EFT PCKFUT EV RVPUJEJFO 4 F T Q S © G © S © T H S J M M F Q B J O U I © J ¨ S F F U N ª N F B T Q J S B U F V S

$ B U P O B $ M P U I F T M J O F $IBUPO TVTQFOEV  VOF DPSEF  MJOHF $ F U U F T D V M Q U V S F E F Q M V T E F U S P J T N ¨ U S F T E F I B V U F V S G B J U Q B S U J F E F M B U S ¨ T Q P Q V M B J S F T © S J F C e l e b r a t i o n  M B R V F M M F , P P O T E P J U M ѳF O W P M E F T B S F O P N N © F

5 I S F F # B M M 5B O L 5X P 4 Q B M E J O H % S + 4 J M W F S 4 F S J F T 8 J M T P O 4 V Q F S T I P U

# B M M P O E F C B T L F U F O © R V J M J C S F Q B S G B J U ѭ N B J T J N Q P T T J C M F ѭ E B O T M ѳF B V 4 © S J F E q u i l i b r i u m J O T Q J S © F E F T B G G J D I F T T Q P S U J W F T , P P O T F T U J N B J U B M P S T R V F M F T T Q P S U J G T © U B J F O U k M F T W © S J U B C M F T B S U J T U F T E F O P U S F © Q P R V F {

#.8.BHB[JOF

1 V Q Q Z 2 V B O E M F T G M F V S T B C P J F O U E F T E J [ B J O F T E F N J M M J F S T E F W J T J U F V S T P O U B E N J S © M F D I J F O H © B O U I B C J M M © E F G M F V S T D P N N F J D J E F W B O U M F 3 P D L F G F M M F S $ F O U F S E F / F X :P S L #.8.BHB[JOF

6OF HSBOEF QBSUJF EF Mѳ©MJUF DVMUVSFMMF GSBO§BJTF TѳJOEJHOF JM Z B EFVY BOT  MѳBOOPODF EѳVOF FYQPTJUJPO EF USBWBVY EF +FGG ,PPOT BV DI¢UFBV EF 7FSTBJMMFT 4B DPODFQUJPO EF MѳBSU OF GMJSUF U FMMF QBT BWFD MF LJUTDI MB DVMUVSF QPQ WPJSF MB QPSOPHSBQIJF 1PVSUBOU BV WV EFT TDVMQUVSFT SVUJMBOUFT EV US¨T DPOUSPWFST© TDVMQUFVS DFVY RVJ TF EPOOFOU MB QFJOF EF KVHFS TVS QJ¨DF TPOU VOBOJNFT  SFDPOOB®USF RVF 7FSTBJMMFT OѳBWBJU QBT DPOOV NFJMMFVS QFOEBOU EFQVJT MF S¨HOF EF -PVJT 97 %F GBJU MѳBSU EF OPUSF "N©SJDBJO EF BOT QS©TFOUF VOF USPVCMBOUF BGGJOJU© BWFD MF CBSPRVF DBS BV CPVU EV DPNQUF UPVU TF SBN¨OF DIF[ MVJ BVTTJ BVY RVFTUJPOT FYJTUFOUJFMMFT EF MB WJF FU EF MB NPSU EF NªNF RVF EBOT MFT EFVY DBT MFT UFOEBODFT USBOTDFOEBOUBMFT QSPD¨EFOU EѳVOF D©M©CSBUJPO TBOT BNCBHFT EF MB CFBVU© EFT DIPTFT EѳJDJ CBT $FUUF BUUJUVEF OF QPVWBJU RVF TVTDJUFS EFT S©TFSWFT -FT VOT MVJ SFQSPDIFOU MѳBNQMFVS EF TPO TVDD¨T ѭ TFT ýVWSFT DPNQUFOU QBSNJ MFT QMVT DI¨SFT EV NBSDI© EF MѳBSU DPOUFNQPSBJO ѭ EѳBVUSFT VO OJWFMMFNFOU QBS MF CBT DS©BUJPO EѳýVWSFT QFV FYJHFBOUFT FO UFSNFT EF HP»U WPJSF GSBODIFNFOU CBOBMFT ,PPOT OѳB RVF GBJSF EF MB DSJUJRVF 5PVU DFMB GBJU QBSUJF EV TQFDUBDMF 1MVT EѳVO DPOTJE¨SFOU +FGG ,PPOT DPNNF MѳI©SJUJFS M©HJUJNF Eѳ"OEZ 8BSIPM MѳJOWFOUFVS EV QPQ BSU -PSTRVѳJM FOUSF FO TD¨OF EBOT MFT BOO©FT JM QBTTF BWBOU UPVU QPVS RVFMRVѳVO RVJ SFQSPEVJU EBOT TPO BSU MB NFOUBMJU© ZVQQJF FU MF DBQJUBMJTNF BV TPVSJSF GSPJE EFT BOO©FT 3FBHBO VO IZNOF QSPWPDBUFVS BV DMJORVBOU  MB KFVOFTTF FU  MB S©VTTJUF -FT ýVWSFT TPOU CSJMMBOUFT NBJT MF TVDD¨T OѳFTU QBT UPVU EF TVJUF BV SFOEF[ WPVT /© FO  :PSL 1FOOTZMWBOJF ,PPOT ©UVEJF  #BMUJNPSF FU $IJDBHP .BJT DѳFTU  /FX :PSL RVѳJM FNCSBTTF MB DBSSJ¨SF BSUJTUJRVF TPVT MѳJOGMVFODF EF MѳBSU QPQ FU DPODFQUVFM ©SJHFBOU FO ýVWSFT EѳBSU NPOVNFOUBMFT EF TJNQMFT BQQB SFJMT ©MFDUSPN©OBHFST PV GBJTBOU FOUSFS BV NVT©F MF TQPSU EFT /PJST BWFD EѳJOTPMJUFT NJTFT FO TD¨OF EF CBMMPOT EF CBTLFU GMPUUBOU EFSSJ¨SF EFT WJUSJOFT .BMHS© EFT DSJUJRVFT FOUIPVTJBTUFT JM SFTUF BCPOO© VO UFNQT BVY FNQMPJT BMJNFOUBJSFT DBJTTJFS BV .VTFVN PG .PEFSO "SU QVJT DPVSUJFS  8BMM 4USFFU 4B DBSSJ¨SF FYQMPTF W©SJUBCMFNFOU  MB GJO EFT BOO©FT € DFMB VOF SBJTPO NBKFVSF MѳVOJPO E©DS©U©F ýVWSF EѳBSU FOUSF ,PPOT FU MѳBDUSJDF QPSOP *MPOB 4UBMMFS MB $JDDJPMJOB EPOU MB EJNFO TJPO DIBSOFMMF TѳFYIJCF EBOT MFT HBMFSJFT FO VOF T©SJF EF UBCMFBVY FU TDVMQUVSFT EPOOBOU MJFV  MѳVO EFT EFSOJFST HSBOET TDBOEBMFT EF NýVST EF MB TD¨OF BSUJTUJRVF 3PVHF EF HªOF MB DSJUJRVF OѳFO GJOJU QMVT EF E©DPS UJRVFS DF TVMGVSFVY FODIFWªUSFNFOU EF TFYF EF LJUTDI EF QVEFVS FU EѳBSUJTBOBU -FT DPOT©RVFODFT TPOU EѳBVUBOU QMVT SVJOFVTFT MPSTRVF TVSWJFOU MF EJWPSDF TVJWJ EѳVOF CBUBJMMF KVSJ EJRVF BVUPVS EF MB HBSEF EF MѳFOGBOU EV DPVQMF %F TPSUF RVF WFST MB NPJUJ© EFT BOO©FT ,PPOT TFNCMF FO UPVU QPJOU BV CPVU EV SPVMFBV *M QBSWJFOU DFQFOEBOU  SFCPOEJS BWFD VOF T©SJF EF USBWBVY TVS MFTRVFMT SFQPTF BVKPVSEѳIVJ FODPSF TB S©QVUBUJPO EѳBSUJTUF *M TѳBHJU EF TDVMQUVSFT EF N©UBM CSJMMBOU EPOU JM DPOGJF MB S©BMJTBUJPO  VOF FOUSFQSJTF EF 5IVSJOHF 0O DSPJSBJU WPJS EFT CBMMPOT SFDPVWFSUT EF QFJOUVSF N©UBMMJT©F BVYRVFMT PO BVSBJU EPOO© MB GPSNF EѳVO DýVS EѳVOF GMFVS PV EѳVO QFUJU DIJFO ,PPOT B EJU VOF GPJT k +ѳBJ UPVKPVST BJN© MFT GJHVSFT HPO GMBCMFT QBSDF RVѳFMMFT OPVT SFOWPJFOU  OPUSF DPOEJUJPO EѳªUSF IVNBJO FOUSF DPOUSBJOUF MPSTRVF OPVT JOTQJSPOT FU MJCFSU© MPSTRVF OPVT FYQJSPOT { -B TDVMQUVSF k )BOHJOH )FBSU { JTTVF EF DFUUF T©SJF VO DýVS NPOVNFOUBM QFTBOU RVFMRVF EFVY UPOOFT TѳFTU WFOEVF QPVS NJMMJPOT EF EPMMBST  VOF WFOUF BVY FODI¨SFT EF 4PUIFSCZѳT MF QSJY MF QMVT ©MFW© KBNBJT QBZ© QPVS VOF ýVWSF EѳBSUJTUF WJWBOU € $IFMTFB /FX :PSL ,PPOT EJSJHF VOF W©SJUBCMF VTJOF EBOT MBRVFMMF FNQMPZ©T USBWBJMMFOU  MѳFY©DVUJPO NJOVUJFVTF EF TFT QSPKFUT DBS QPVS DF QFSGFDUJPOOJTUF BWFD VO GBJCMF QSPOPOD© QPVS MB UFDIOPMPHJF BMMFNBOEF DIBRVF E©UBJM DPNQUF -ѳBDRVJTJUJPO EF TB QSFNJ¨SF #.8 DP¯O DJEF BWFD VO T©KPVS QSPMPOH©  .VOJDI JM Z B VOF WJOHUBJOF EѳBOO©FT VOF FYQ©SJFODF RVJ OF GVU QBT TBOT JODJEFODF TVS MB TVJUF EF TB DBSSJ¨SF OPUBNNFOU FO DF RVJ DPODFSOF MFT JOGMVFODFT EF MѳBSU CBSPRVF 4PO EFSOJFS NPE¨MF EF MB NBSRVF EPOU JM SBDPOUF RVѳJM MVJ B ©U© k DPOGJTRV© { EFQVJT QBS TB GJMMF ©UBJU VOF #.8 9 XXX KFGGLPPOT DPN

#.8.BHB[JOF

k ,00/4 &45 6/ 1&3'&$5*0//*45& 26* " 6/ '"*#-& 130/0/$‰ 1063 -" 5&$)/0-0(*& "--&."/%& { 1&5&3 3*$)5&3

3 J C C P O

3 V C B O Q P V S Q B R V F U D B E F B V B W B O U E F S © B M J T F S D F U U F Q F J O U V S F  M ѳ I V J M F , P P O T B W B J U D S © © M F D P O D F Q U Q P V S V O F T D V M Q U V S F J E F O U J R V F EF USPJT N¨USFT FU EFNJ EF IBVU

Whistler Canada | 25 décembre, 09h32, - 15° C | aujourd’hui, premier à descendre la piste Peak to Creak | sensations vertigineuses | vitesse maximum, adrénaline pure | un bon massage | passer du bon temps avec les amis au bar | homard à la façon du chef à l’hôtel Fairmont Chateau | inoubliable...

avec Pegase

Plus d’info sur notre offre hiver (city, neige, mer Méditerranée et destinations exotiques) chez votre agent de voyage, sur www.pegase.be ou au 070 224 032

#.8.BHB[JOF

/5 & ' ' *$ *& 4 *$ %: / " .

%&. " */ $0..&/$& "6+063%ѳ)6* # . 8 * / "6 ( 6 3 & 6 / & / 0 6 7 & - - & ˆ 3 & "7 &$ % & 4 . 0 % ˆ - & 4 ) : # 3 * % & 4 & 5 ‰ - &$ 5 3 * 2 6 & 4 . " * 4 % ѳ 0 3 & 4 & 5 % ‰ + € - & 4 1 0 4 4 * # * - * 5 ‰ 4 1 & 3 . & 5 5" / 5 % & 3 & / % 3 & - & 4 "6 50 . 0 # * - & 4 1 -6 4 & ' ' * $ * & / 5 & 4 & 5 1 -6 4 %: / " . * 2 6 & 4 4 0 / 5 * . 1 3 & 4 4 * 0 / / " / 5 & 4 7 6 & % ѳ & / 4 & . # - & % & 4 % & 3 / * ˆ 3 & 4 "7" / $ ‰ & 4 & / . "5 * ˆ 3 & % & 5 & $ ) / 0 -0 ( * & ‰-&$53*26&

5 & $ ) / 0 - 0 ( * & ) : # 3 * % & $PNQBSBJTPO EF DPODFQUT #.8 "DUJWF)ZCSJE FU #.8 "DUJWF)ZCSJE 9 2605*%*&/ -FT IZCSJEFT #.8 E©NPOUSFOU MFVST BUPVUT - & 4 . 0 % ˆ - & 4 3©DBQJUVMBUJG EFT NPE¨MFT IZCSJEFT FU ©MFDUSJRVFT 5 & $ ) / * 2 6 & % & 4 # "5 5 & 3 * & 4 %F QVJTTBOUT BDDVNVMBUFVST Eѳ©OFSHJF TPOU MB DM© EѳVO BWFOJS TBOT ©NJTTJPO -ѳ & 9 1 & 3 5 -ѳJOH©OJFVS #.8 &MNBS )PDLHFJHFS ©WPRVF MFT QSPHS¨T DPOTJE©SBCMFT BDDPNQMJT EBOT MF EPNBJOF EFT BDDVNVMBUFVST ©MFDUSJRVFT

#.8.BHB[JOF

5&$) *& /0-0( & ) : # 3 *%

%&69 1063 6/& $ ) & ; # . 8 - &4 . 05 &6 3 4 ‰ - & $ 5 3 * 2 6 &4 4 0 / 5 % ѳ 0 3 & 4 & 5 % ‰ + € . * 4 € $ 0 / 5 3 * # 6 5 * 0 / 1 0 6 3 ‰ 1"6 - & 3 - & 4 . 05 & 6 3 4 5 ) & 3 . * 2 6 & 4 "7 & $ - & 6 3 % 0 6 # - & & / 5 3 " Ž / & . & / 5 - & 4 % & 6 9 . 0 % ˆ - & 4 # . 8 "$ 5 * 7 & ) : # 3 * % . 0 / 5 3 & / 5 - " 70 * & & 5 1" 4 4 &6 - & . & / 5 & / . "5 * ˆ 3 & % ѳ & ' ' * $ * & / $ &

#.8 "$5*7& ):#3*% -B TZOFSHJF QBSGBJUF MѳBTTPDJBUJPO EV NPUFVS ©MFDUSJRVF BV NPUFVS  DPNCVTUJPO PGGSF MB QVJTTBODF EѳVO 7 BWFD MB DPOTPNNBUJPO EѳVO TJY DZMJOESFT -ѳVOJPO GBJU MB GPSDF *M TVG趑 U EѳFG趒 FVSFS MB Q©EBMF EѳBDD©M©SBUJPO QPVS RVF MB #.8 "DUJWF)ZCSJE CPOEJTTF FO BWBOU BWFD VOF W©I©NFODF RVJ GBJU QFOTFS EBWBOUBHF  VO NPE¨MF . RVѳ VOF CFSMJOF EF MVYF $ѳFTU M MF HSBOE C©O©趑 DF UJS© EF MѳBMMJBODF FOUSF VO 7 5XJO1PXFS 5VSCP FU VO QVJTTBOU NPUFVS ©MFDUSJRVF PO UJFOU MB DPNCJOBJTPO PQUJNBMF FOUSF QVJTTBODF FU FG趑 DJFODF PV BVUSFNFOU EJU MF NBSJBHF JNQSFTTJPOOBOU EV QS©TFOU FU EF MѳBWFOJS -B #.8 "DUJWF)ZCSJE BCSJUF VO DPODFQU EPOU MB E©TJHOBUJPO DPS SFDUF FTU DFMMF EF k NJME IZCSJE { 6O NPUFVS UIFSNJRVF FU VO NPUFVS ©MFDUSJRVF BMJNFOU© QBS VOF CBUUFSJF JOUFSBHJTTFOU QPVS BUUFJOESF VO EPVCMF PCKFDUJG QMVT EF QVJTTBODF FU NPJOT EF DPOTPNNBUJPO -B #.8 "DUJWF)ZCSJE B ©U© DPO§VF QPVS ªUSF BVTTJ QVJTTBOUF RVѳVO 7 UPVU FO OF DPOTPNNBOU QBT QMVT RVѳVO TJY DZMJOESFT (S¢DF  TB S©WFSTJCJMJU© MF NPUFVS ©MFDUSJRVF QFVU ©HBMFNFOU GBJSF PG趑 DF EѳBMUFSOBUFVS -PSTRVF MF DPOEVDUFVS M¨WF MF QJFE EF MѳBDD©M©SBUFVS PV GSFJOF MF NPUFVS ©MFDUSJ RVF TF NVF FO H©O©SBUFVS FU DPOWFSUJU Mѳ©OFSHJF DJO©UJRVF FO DPVSBOU ©MFDUSJRVF RVJ FTU FOTVJUF TUPDL© EBOT VOF CBUUFSJF $PNQPT©F EF #.8.BHB[JOF

©M©NFOUT MJUIJVN JPO DFUUF EFSOJ¨SF OF Q¨TF RVF LH FU FTU MPH©F EBOT VO CP®UJFS DPNQBDU Y Y DN -F DPGGSF  CBHBHFT OѳFO BDDVFJMMF QBT NPJOT UPVKPVST RVBUSF TBDT EF HPMG SBOH©T D´UF  D´UF -PSTRVF MF W©IJDVMF BDD©M¨SF  OPVWFBV MB CBUUFSJF BMJNFOUF MF NPUFVS ©MFDUSJRVF MVJ NªNF MPH© FOUSF MF NPUFVS UIFSNJRVF FU MB CP®UF EF WJUFTTFT BVUPNBUJRVF  IVJU SBQQPSUT IBCJUVFMMF $F NPUFVS ©MFDUSJRVF DPNQBDU FU FG趑 DJFOU E©WFMPQQF VO DPVQMF NBYJNBM EF /N FU DPN QM¨UF  NFSWFJMMF MF 7 EF MJUSFT EF DZMJOES©F BWFD TVSBMJNFOUBUJPO #.8 5XJO1PXFS 5VSCP 6OF DPNNBOEF ©MFDUSPOJRVF TPQIJTUJRV©F QJMPUF MF GPODUJPOOFNFOU TJNVMUBO© EFT EFVY NPUFVST TJ CJFO RVѳBWFD DI FU /N EF DPVQMF

*ODSPZBCMFNFOU OFSWFVTF MB #.8 "DUJWF)ZCSJE OѳB CFTPJO RVF EF TFDPOEFT QPVS QBTTFS EF  LN .ªNF  QMVT EF LN I TVS DJSDVJU FMMF DPOUJOVF  BDD©M©SFS TBOT MF NPJOESF TJHOF EF GBJCMFTTF KVTRVѳ MB WJUFTTF BVUPMJNJU©F ©MFDUSPOJRVFNFOU EF LN I

#.8 "$5*7& ):#3*% 9 'PODUJPOOFNFOU JOUFSNJUUFOU EFVY NPUFVST ©MFDUSJRVFT QFSNFUUFOU EF TF QBTTFS NPNFOUBO©NFOU EV NPUFVS UIFSNJRVF

-B OPVWFMMF #.8 "DUJWF)ZCSJE 9 GBJU DPIBCJUFS EFVY UFNQ©SBNFOUT RVJ QPVS ªUSF GPOEBNFOUBMFNFOU EJGG©SFOUT OѳFO TPOU QBT NPJOT DPN QM©NFOUBJSFT -F QSFNJFS TF NBOJGFTUF E¨T MF E©QBSU VOF QSFTTJPO TVS MF CPVUPO 4UBSU VO TJHOBM CMFV BQQBSB®U TVS Mѳ©DSBO MF UPVU EBOT MF TJMFODF 2VBOE MF DPOEVDUFVS E©NBSSF FO EPVDFVS TFVMT MFT EFVY NPUFVST ©MFDUSJRVFT ѭ MѳVO QSPQVMTF MB WPJUVSF BMPST RVF MѳBVUSF GBJU GPODUJPOOFS MFT BQQMJDBUJPOT JOUFSOFT ѭ TPOU BDUJW©T EBOT VO TJMFODF RVJ SFTUF RVBTJ

DPNQMFU -FT QBTTBOUT TPOU BHS©BCMFNFOU TVSQSJT EF WPJS VOF WPJUVSF EF DF HBCBSJU TF GBJSF BVTTJ EJTDS¨UF € MѳBSSªU MF NPUFVS FTTFODF SFTUF TZTU©NBUJRVFNFOU NVFU %BOT MFT [POFT MJNJU©FT  LN I MFT [POFT S©TJEFOUJFMMFT PV MFT USBWFST©FT EF QFUJUFT BHHMPN©SBUJPOT Mѳ©OFSHJF TUPDL©F EBOT MB CBUUFSJF EF LJMPT MPH©F TPVT MF EPVCMF TFVJM EF DIBSHFNFOU EV DPGGSF  CBHBHFT TVG趑 U  QSPQVMTFS MB #.8 -F 7 OѳJOUFSWJFOU FO UPVUF EJTDS©UJPO RVF MPSTRVF DFUUF ©OFSHJF FTU ©QVJT©F RVF MB WPJUVSF SPVMF  QMVT EF LN I PV RVF MF DPOEVDUFVS BQQVJF ©OFSHJRVFNFOU TVS MѳBDD©M©SBUFVS 4PVWFOU MF DPOEVDUFVS OF SFNBSRVF MF GPODUJPOOFNFOU EV NPUFVS FTTFODF RVѳBVY NPVWFNFOUT EF MѳBJHVJMMF EV DPNQUF UPVST *M GBVU RVѳJM FOGPODF MѳBDD©M©SBUFVS QPVS BTTJTUFS  VOF ©WPMVUJPO SBEJDBMF VOF QVJTTBODF QI©OPN©OBMF EF DI L8 FU VO DPVQMF JNQSFT TJPOOBOU EF /N FOUSFOU FO TD¨OF -B #.8 "DUJWF)ZCSJE 9 BTTPDJF BMPST MFT DI L8 EV NPUFVS UIFSNJRVF FU MB QVJTTBODF DPNCJO©F L8 EFT EFVY NPUFVST ©MFDUSJRVFT -FT EFVY NPEFT EѳFOUSB®OFNFOU TF DPNQM¨UFOU BJOTJ  MB QFSGFDUJPO -FT NPUFVST ©MFD USJRVFT MJC¨SFOU E¨T MF E©NBSSBHF MFVS DPVQMF NBYJNBM QVJT MF DPVQMF EJNJOVF BV GVS FU  NFTVSF RVF MF S©HJNF BVHNFOUF -F NPUFVS UIFSNJRVF EPJU BV DPOUSBJSF NPOUFS EBOT MFT UPVST QPVS E©QMPZFS UPVUF TB QVJTTBODF $FT EFVY UZQFT EF NPUFVS GPSNFOU EPOD MB QBJSF JE©BMF UBOU FO UFSNFT EF EZOBNJTNF RVF EѳFG趑 DJFODF DBS MF

5FYUF "MJTUBJS 8FBWFS .JDIBFM 4FJU[

+VTRVѳ VOF WJUFTTF NBYJNBMF EF LN I MB #.8 "DUJWF)ZCSJE 9 GPODUJPOOF FO NPEF UPVU ©MFDUSJRVF TBOT VO CSVJU &O EFT DFOUF FMMF S©DVQ¨SF HSBUVJUFNFOU EF Mѳ©OFSHJF

%BOT MB #.8 "DUJWF)ZCSJE VO BGê ‹ DIBHF E©EJ© BQQBSBJTTBOU TVS Mѳ©DSBO EF DPOUS´MF JOEJRVF MF OJWFBV EѳVUJMJTBUJPO EV TZTU¨NF IZCSJEF BV DPVST EFT EFSOJ¨SFT NJOVUFT 1MVT MFT DPMPOOFT CMFVFT TPOU IBVUFT QMVT MB UFDIOPMPHJF IZCSJEF FTU NJTF  DPOUSJ CVUJPO FU QMVT Mѳ©DPOPNJF EF DBSCVSBOU FTU JNQPSUBOUF

EZOBNJTNF OѳFTU RVѳVOF GBDFUUF EF DF NPE¨MF IZCSJEF #.8 (S¢DF  MѳBMMJBODF JOUFMMJHFOUF EFT USPJT NPUFVST FU BV GPODUJPOOFNFOU FO NPEF ©MFDUSJRVF TBOT ©NJTTJPO MB #.8 "DUJWF)ZCSJE 9 ©DPOPNJTF EF DBSCVSBOU QBS SBQQPSU BV NPE¨MF #.8 9 Y%SJWF J ©RVJQ© EV NªNF 7 FTTFODF &U DFUUF ©DPOPNJF FTU FODPSF QMVT JNQPSUBOUF FO DJSDVMBUJPO VSCBJOF OPUBNNFOU P¹ MB UFDIOPMPHJF IZCSJEF JOUFSWJFOU QMVT TPVWFOU *M FTU EPOD KVEJDJFVY QPVS MF DPOEVDUFVS EF N©OBHFS MѳBDD©M©SBUFVS FU EѳBEPQUFS VOF DPOEVJUF QS©WPZBOUF QSJWJM©HJBOU MFT E©D©M©SBUJPOT FO FGGFU QMVT JM TF QMJF BVY TQ©DJ趑 DJU©T EF MѳFOUSB®OFNFOU IZCSJEF QMVT JM QSP趑 UF EF TPO FG趑 DJFODF XXX CNX CF BDUJWFIZCSJE XXX CNX MV BDUJWFIZCSJE #.8.BHB[JOF

% ‰ $ ‰ - ‰ 3 "5 * 0 / & / % & 4 $ & / 5 &

5 3 "7 & 3 4 ‰ & % & ;0 / & 4 3 ‰ 4 * % & / 5 * & - - & 4

-F QSJODJQBM BWBOUBHF EFT W©IJDVMFT IZCSJEFT FTU MF HBJO Eѳ©OFS

(S¢DF  EFVY QVJTTBOUT NPUFVST ©MFDUSJRVFT FU  VO LJU CBUUFSJF

HJF ©MFDUSJRVF H©O©S©  QBSUJS EF Mѳ©OFSHJF DJO©UJRVF -F QSJODJQF

 IBVUF DBQBDJU© MB #.8 "DUJWF)ZCSJE 9 QFVU QBSDPVSJS EF

FTU MF NªNF TVS UPVT MFT W©IJDVMFT ©RVJQ©T EѳVO NPUFVS ©MFDUSJ

DPVSUFT EJTUBODFT HS¢DF  MB TFVMF ©OFSHJF ©MFDUSJRVF %BOT MFT

RVF E¨T RVF MF DPOEVDUFVS GSFJOF PV SPVMF FO EFTDFOUF MF

[POFT S©TJEFOUJFMMFT MFT [POFT MJNJU©FT  LN I PV MFT USBWFS

NPUFVS ©MFDUSJRVF TF NVF FO BMUFSOBUFVS 4B SPUBUJPO QSPEVJU BMPST

T©FT EF QFUJUFT BHHMPN©SBUJPOT MѳIZCSJEF SPVMF RVBTJNFOU TBOT

EF Mѳ©OFSHJF ©MFDUSJRVF -FT CBUUFSJFT  GPSUF DBQBDJU© EFT NPE¨

CSVJU QVJTRVF MF NPUFVS UIFSNJRVF FTU DPVQ© %¨T RVF MF

MFT IZCSJEFT TUPDLFOU Mѳ©OFSHJF S©DVQ©S©F QPVS EFT BDD©M©SBUJPOT

DPOEVDUFVS BDD©M¨SF PV E©QBTTF MFT LN I MF NPUFVS UIFS

VMU©SJFVSFT PV MF GPODUJPOOFNFOU FO NPEF ©MFDUSJRVF

NJRVF E©NBSSF BVUPNBUJRVFNFOU

2 6 0 5 *%

*& /

BE AUCOUP D’ATOUTS , PEU DE CO 2

% ‰ 1" 4 4 & . & / 5

" 33Š 5 "6 '&6 306(&

-FT NPUFVST ©MFDUSJRVFT E©WFMPQQFOU MFVS DPVQMF NBYJNBM E¨T

-FT NPUFVST ©MFDUSJRVFT EFT NPE¨MFT #.8 "DUJWF)ZCSJE EJT

MF E©NBSSBHF *MT TPOU EPOD EѳFNCM©F US¨T FGê ‹ DBDFT -FT NPUFVST

QPTFOU EF MB GPODUJPO EѳBSSªU FU EF SFE©NBSSBHF BVUPNBUJRVF EV

UIFSNJRVFT FVY POU CFTPJO EF NPOUFS FO S©HJNF QPVS E©QMPZFS

NPUFVS -F NPUFVS UIFSNJRVF TF DPVQF BWBOU NªNF MѳBSSªU DPN

QMVT EF QVJTTBODF -FT EFVY NPUFVST TF DPNQM¨UFOU EPOD QBS

QMFU EV W©IJDVMF FU SFTUF JOBDUJG UBOU RVF MF DPOEVDUFVS HBSEF MF

GBJUFNFOU FU PGGSFOU FOTFNCMF EFT BDD©M©SBUJPOT JNQSFTTJPOOBO

QJFE TVS MF GSFJO FU SFE©NBSSF BVUPNBUJRVFNFOU E¨T RVѳJM BDD©M¨SF

UFT -F TVSDSP®U EF QVJTTBODF BQQPSU© QBS MF NPUFVS ©MFDUSJRVF

-B #.8 "DUJWF)ZCSJE 9 QFVU GPODUJPOOFS FO NPEF UPVU ©MFDUSJ

MFT FYQFSUT QBSMFOU EF k CPPTU { FTU OPUBNNFOU US¨T BQQS©DJBCMF

RVF QPVS TF HBSFS PV NªNF TVS EF DPVSUFT EJTUBODFT BQS¨T VO

MPST EFT E©QBTTFNFOUT  WJUFTTF TPVUFOVF

E©NBSSBHF FO EPVDFVS 4FT QVJTTBOUFT CBUUFSJFT BVUPSJTFOU EFT DPVQVSFT QSPMPOH©FT EV NPUFVS UIFSNJRVF

#.8.BHB[JOF

*MMVTUSBUJPOT 4BTDIB #JFSM

2 6 "5 3 & 4 * 5 6 "5 * 0 / 4 2 6 0 5 * % * & / / & 4 2 6 "5 3 & 3 " * 4 0 / 4 1 0 6 3 6 / $ 0 . 1 - ‰ . & / 5 ‰ - & $ 5 3 * 2 6 &

- & 4 &4 .0%ˆ-

-&4 13‰$634&634 # . 8 & ' ' * $ * & / 5 %: / " . * $ 4 % & / 0 6 7 & "6 9 . 05 & 6 3 4 ) : # 3 * % & 4 & 5 % & 4 . 0 % ˆ - & 4 ‰ - &$ 5 3 * 2 6 & 4 5 3 ˆ 4 & ' ' * $ * & / 5 4

"VDVO BVUSF DPOTUSVDUFVS OѳB S©VTTJ FOUSF FU  S©EVJSF BVUBOU MFT ©NJTTJPOT EF $0 FU MB DPOTPNNBUJPO EF TFT BVUPNPCJMFT RVF #.8 € DF KPVS QMVT EF EFVY NJMMJPOT EF #.8 C©O©趑 DJFOU EF #.8 &G趑 DJFOU %ZOBNJDT NPE¨MFT BG趑 DIFOU EFT ©NJTTJPOT EF $0 JOG©SJFVSFT PV ©HBMFT  H LN EѳFOUSF FVY S©BMJTBOU NªNF H LN -ѳBWFOJS EF #.8 &G趑 DJFOU%ZOBNJDT DF TPOU EѳBVUSFT NPUFVST UIFSNJRVFT QBSUJDVMJ¨SFNFOU TPCSFT EFT NBU©SJBVY QMVT M©HFST FU EFT BN©MJPSBUJPOT EBOT MFT EPNBJOFT EF MB HFTUJPO ©OFSH©UJRVF FU EF MѳB©SPEZOBNJTNF -FT NPE¨MFT #.8 "DUJWF)ZCSJE JNQSFTTJPOOFOU EѳPSFT FU E©K QBS VO DPODFQU GBJTBOU DPIB CJUFS NPUFVS UIFSNJRVF FU FOUSB®OFNFOU ©MFDUSJRVF

#.8 "$5*7& ):#3*% -ѳBTTPDJBUJPO EѳVO NPUFVS ©MFDUSJRVF EF DI FU EѳVO 7 FTTFODF EPOOF VOF QVJTTBODF DPNCJO©F EF DI -F EVP E©WFMPQQF VO DPVQMF EF /N FU QSPQVMTF MB CFSMJOF EF MVYF  LN I FO T -B DPOTPNNBUJPO Tѳ©M¨WF  M H EF $0 LN BVY LN -B CBUUFSJF SFDPVSU  MB UFDIOPMPHJF MJUIJVN JPO FU OF Q¨TF RVF LJMPT #.8 "$5*7& ):#3*% 9 4B CP®UF EF WJUFTTFT BVUPNBUJRVF  SBQQPSUT

SFOGFSNF EFVY NPUFVST ©MFDUSJRVFT E©WFMPQQBOU SFTQFDUJWFNFOU FU L8 "TTPDJ©T BV NPUFVS FTTFODF JMT BG趑 DIFOU VOF QVJTTBODF EF DI QPVS VO DPVQMF EF /N .BMHS© EFT QFSGPSNBODFT EF IBVU WPM MB DPOTPNNBUJPO OѳFYD¨EF QBT M BVY LJMPN¨USFT H EF $0 LN -B #.8 "DUJWF)ZCSJE 9 QFVU SPVMFS FO NPEF UPVU ©MFDUSJRVF TPJU TBOT ©NJTTJPO FU EF NBOJ¨SF ©DPOPNJRVF TVS VOF EJTUBODF EѳFOWJSPO LJMPN¨USFT  MB WJUFTTF NBYJNBMF EF LN I

#.8 "$5*7& ):#3*% $FUUF ©UVEF CBT©F TVS MB OPVWFMMF #.8 4©SJF B ©U© QS©TFOU©F MPST EV TBMPO EF (FO¨WF -B #.8 $PODFQU 4©SJF "DUJWF)ZCSJE DPNCJOF VO TJY DZMJOESFT FTTFODF TVSBMJNFOU© FU VO NPUFVS ©MFDUSJRVF EF L8 -B DBQBDJU© EF TB CBUUFSJF MJUIJVN JPO FTU TVG趑 TBOUF QPVS FGGFDUVFS EF DPVSUFT EJTUBODFT FO WJMMF FO NPEF UPVU ©MFDUSJRVF

#.8 $0/$&15 "$5*7& & WFSSB MF KPVS FO 3©BMJT©F TVS MB CBTF EF MB 4©SJF $PVQ© MB #.8 $PODFQU "DUJWF& PGGSF VO QSFNJFS BQFS§V EV GVUVS FOUSB®OFNFOU ©MFDUSJRVF -FT DIJGGSFT DI /N QPVS FOWJSPO LN EѳBVUPOPNJF -B #.8 $PODFQU "DUJWF& QFVU BDDVFJMMJS RVBUSF QFSTPOOFT C©O©趑 DJBOU EF UPVU MF DPOGPSU O©DFT TBJSF FU MFVST CBHBHFT DBQBDJU© EV DPGGSF M $FMMF DJ OF TFSB KBNBJT VOF WPJUVSF EF T©SJF #.8 7*4*0/ &''*$*&/5 %:/".*$4 %BOT MF DBESF EF #.8 &G趑 DJFOU%ZOBNJDT MF NPUFVS UIFSNJRVF FU MB HFTUJPO ©OFSH©UJRVF HMPCBMF GPOU MѳPCKFU EѳPQUJNJTBUJPOT QFSNBOFOUFT -ѳBCPVUJTTFNFOU EF DF QSPHSBNNF EZOBNJTNF NBYJNBM DPOTPNNBUJPO NJOJNBMF FTU TZNCPMJT© QBS MB #.8 7JTJPO &G趑 DJFOU%ZOBNJDT DI QPVS VOF DPOTPNNBUJPO EF TFVMFNFOU MJUSFT BVY LN H EF $0 LN

#.8.BHB[JOF

#.8.BHB[JOF

1IPUP .JFSTXB ,MVTLB

%F MB UBJMMF EѳVO MJWSF EF QPDIF BVTTJ QVJTTBOU RVѳVO NPUFVS UIFSNJRVF FYFNQMBJSFT EF DFT ©M©NFOUT EF CBUUFSJF DN Y DN Y DN GPVSOJSPOU Mѳ©OFSHJF O©DFTTBJSF QPVS QSPQVMTFS MF QSFNJFS NPE¨MF ©MFDUSJRVF #.8 EF HSBOEF T©SJF

# "5 5 &

3 *&

Y DN Y DN Y DN LN # . 8 3 ‰ * / 7 & / 5 & -ѳ"6 50 . 0 # * - & & 5 % ‰ 7 & -0 1 1 & "$ 5 6 & - - & . & / 5 6 / 7 ‰ ) * $ 6 - & 50 6 5 ‰ - &$ 5 3 * 2 6 & -ѳ"$ $ 6 . 6 - "5 & 6 3 % ѳ ‰ / & 3 ( * & % & 7 * & / 5 - " $ - ‰ % & 70 › 5 & % ѳ 6 / ' 6 5 6 3 4 " / 4 ‰ . * 4 4 * 0 /

-ѳJOEVTUSJF BVUPNPCJMF FTU FO QMFJOF NVUBUJPO 1PVS MB QSFNJ¨SF GPJT MF NPUFVS UIFSNJRVF WPJU QPJOESF VOF DPODVSSFODF -ѳBWFOJS BQQBSUJFOU  Mѳ©MFDUSP NPCJMJU© -F DIBOHFNFOU DMJNBUJRVF FU MB SBS©GBD UJPO EFT S©TFSWFT EF Q©USPMF EJDUFOU MFT S¨HMFT EV KFV  Mѳ©DIFMMF NPOEJBMF $FT EFSOJ¨SFT BOO©FT #.8 B E©K TFOTJCMFNFOU S©EVJU MFT ©NJTTJPOT EF $0 EF TFT NPE¨MFT ©RVJQ©T EF NPUFVST UIFS NJRVFT FU USBWBJMMF BVKPVSEѳIVJ BWFD MF NªNF FOHB HFNFOU  GBJSF QSPHSFTTFS Mѳ©MFDUSPNPCJMJU© -FT QSJODJQBVY DPNQPTBOUT NPUFVS ©MFDUSPOJ RVF EF QVJTTBODF CBUUFSJF TPOU E©WFMPQQ©T FO JOUFSOF 4FVMT MFT ©M©NFOUT EF CBUUFSJF MJUIJVN JPO TPOU GPVSOJT QBS MB DP FOUSFQSJTF #PTDI 4BNTVOH EF DFT ©M©NFOUT EF MB UBJMMF EѳVO MJWSF EF QPDIF DPNQPTFSPOU MB GVUVSF CBUUFSJF BQQFM©F  QSFOESF QMBDF TPVT MF QMBODIFS EѳVO IBCJUBDMF VMUSB M©HFS S©BMJT© FO DPNQPTJUF DBSCPOF S©TJOF -ѳBVUPOPNJF EF MB WPJUVSF TFSB EF LN -B EVS©F EF WJF EF MѳBDDVNVMBUFVS Eѳ©OFSHJF TFSB ©HBMF  DFMMF EF MB #.8 -FT CBUUFSJFT TFSPOU NªNF SFDZDMBCMFT MB DBQBDJU© EF TUPDLBHF EFT CBUUFSJFT VTBH©FT FTU TVG趑 TBOUF QPVS QFSNFUUSF MFVS SFDPOWFSTJPO QBS FYFNQMF FO UBOU RVѳBDDVNVMBUFVST Eѳ©OFSHJF TUB UJPOOBJSFT QPVS MF TUPDLBHF EF OVJU EV DPVSBOU ©MFD

USJRVF FYD©EFOUBJSF FO QSPWFOBODF Eѳ©PMJFOOFT PV EѳJOTUBMMBUJPOT IZESP ©MFDUSJRVFT -B QSPEVDUJPO Eѳ©MFDUSJDJU©  QBSUJS Eѳ©OFSHJFT SFOPVWFMBCMFT KPVFSB VO S´MF E©UFSNJOBOU EBOT MF TVDD¨T  MPOH UFSNF EF MB WPJUVSF ©MFDUSJRVF -ѳVUJMJU© QPVS MѳFOWJSPOOFNFOU TFSBJU FO FGGFU S©EVJUF TJ MB QSPEVDUJPO Eѳ©MFDUSJDJU© DPOUJOVBJU  PDDBTJPOOFS EѳJNQPSUBOUT SFKFUT EF HB[  FGGFU EF TFSSF $ѳFTU QPVS DFMB RVF #.8 DPPQ¨SF E¨T BVKPVSEѳIVJ BWFD EFT FOUSFQSJTFT EѳBQQSPWJTJPOOF NFOU FO ©OFSHJF EBOT MF DBESF EF QSFNJ¨SFT T©SJFT MJNJU©FT DPNNF MB .*/* & FU MB #.8 "DUJWF&  WFOJS 1SPDIBJOF ©UBQF QBSBMM¨MFNFOU  MB DPODFQUJPO UFDIOJRVF EFT W©IJDVMFT JM FTU O©DFTTBJSF EF NFUUSF FO QMBDF VOF JOGSBTUSVDUVSF EF TUBUJPOT EF SFDIBSHF .ªNF TJ EF OPNCSFVY VUJMJTBUFVST SFDIBSHFSPOU MFVS WPJUVSF DIF[ FVY TVS TFDUFVS PV  QBSUJS EѳVOF TUBUJPO EJTQPOJCMF TVS MFVS MJFV EF USBWBJM JM TFSB JOEJTQFOTB CMF EF EJTQPTFS EF CPSOFT EF SFDIBSHF EBOT MFT QBSLJOHT PV MFT DFOUSFT DPNNFSDJBVY € DF QSPQPT MFT FYQFSUT EF #.8 POU E©K RVFMRVFT JE©FT QSBUJ RVFT Mѳ©MFDUSPNPCJMF #.8 QPVSSBJU DIFSDIFS FMMF NªNF MB TUBUJPO EF SFDIBSHF MB QMVT QSPDIF WJB #.8 0OMJOF FU MB S©TFSWFS QPVS MѳIFVSF EѳBSSJW©F QS©WVF QBS MF TZTU¨NF EF OBWJHBUJPO

#.8.BHB[JOF

"7&/*3 ‰-&$53*26& 35 -ѳ & 9 1 &

& - . " 3 ) 0 $ ,( & * ( & 3 & 4 5 3 & 4 1 0 / 4 " # - & % 6 % ‰ 7 & -0 1 1 & . & / 5 % & 4 "$ $ 6 . 6 - "5 &6 3 4 ‰ - & $ 5 3 * 2 6 & 4 $ ) & ; # . 8 * - ‰ 70 2 6 & "7 & $ / 0 6 4 - &4 ‰ 70 -6 5 * 0 / 4 ' 6 -( 6 3 " / 5 & 4 - & 4 "7" / $ ‰ & 4 5 & $ ) / 0 -0 ( * 2 6 & 4 & 5 - " # "5 5 & 3 * & % 6 ' 6 5 6 3

TPOU FO RVªUF EF MB CBUUFSJF JE©BMF 2VFMMFT

NFOU EF Mѳ©OFSHJF BV GSFJOBHF DF RVJ QFSNFU EѳBVHNFOUFS MѳBVUPOPNJF

UFDIOPMPHJFT FNCBSRVFOU MFT EFVY NPE¨MFT

-FT HSPTTFT CBUUFSJFT  IBVUF DBQBDJU© OF TPOU FMMFT QBT TZOPOZNF

#.8 "DUJWF)ZCSJE -B #.8 "DUJWF

EF TVSQPJET 4VS MFT W©IJDVMFT ©MFDUSJRVFT MB S©EVDUJPO EV

)ZCSJE 9 QFVU SPVMFS FO UPVU ©MFDUSJRVF TVS EF DPVSUFT EJTUBODFT FU VUJMJTF QPVS DFMB VOF CBUUFSJF OJDLFM N©UBM IZESVSF -B #.8 "DUJWF)ZCSJE FTU VO NPE¨MF NJME IZCSJE RVJ OF QFVU QBT SPVMFS RVѳFO NPEF ©MFDUSJRVF *DJ OPVT BWPOT QPVS MB QSFNJ¨SF GPJT VUJMJT© VOF CBUUFSJF MJUIJVN JPO DPNQBDUF #.8 QS©WPJU EѳBVUSFT NPE¨MFT IZCSJEFT

QPJET FTU FO FGGFU MB HSBOEF QSJPSJU© .BJT Mѳ©OFSHJF BV LJMP HSBNNF EFT BDDVNVMBUFVST MJUIJVN JPO NPEFSOFT FTU E©K FOWJSPO TFQU GPJT TVQ©SJFVSF  DFMMF EF MB QSFNJ¨SF #.8 ©MFDUSJRVF EF MBRVFMMF JOU©HSBJU EFT CBUUFSJFT BV QMPNC BDJEF "WFD MFT CBUUFSJFT EF Mѳ©QPRVF BVDVO DPOTUSVDUFVS OF QPVWBJU QSPEVJSF VO W©IJDVMF ©MFDUSJRVF PGGSBOU VOF BVUPOPNJF BDDFQUBCMF FU VOF EVS©F EF WJF SBJTPOOBCMF .BJT MFT CBUUF SJFT MJUIJVN JPO BDUVFMMFT OѳFO EPJWFOU QBT NPJOT DPOUJOVFS MFVS DVSF EѳBNBJHSJTTFNFOU

NBJT BVTTJ VO W©IJDVMF UPVU ©MFDUSJRVF €

4PVWFOU MFT WPJUVSFT ©MFDUSJRVFT POU VO DPGGSF  CBHBHFT MJNJU© Â

RVFMMF UFDIOPMPHJF GFSB U JM BQQFM -FT

DBVTF EF MѳFODPNCSFNFOU EFT CBUUFSJFT $F OѳFTU QBT VOF GBUBMJU©

CBUUFSJFT MJUIJVN JPO QS©TFOUFOU  MѳIFVSF BDUVFMMF MFT NFJMMFVSFT DBSBDU© SJTUJRVFT %FT CBUUFSJFT EF DF UZQF TPOU VUJMJT©FT BVKPVSEѳIVJ TVS MFT U©M©QIPOFT FU PSEJOBUFVST QPSUB CMFT FU DPOOBJTTFOU VOF ©WPMVUJPO UPVU TJNQMFNFOU GVMHVSBOUF &MMFT TFSPOU BVTTJ MF QSFNJFS DIPJY QPVS Mѳ©MFDUSPNPCJMF *M FYJTUF E©K EFT W©IJDVMFT ©MFDUSJRVFT GPODUJPOOBOU BWFD EFT NJMMJFST

$ѳFTU QPVS DFMB RVF OPVT E©WFMPQQPOT BWFD OPUSF QBSUFOBJSF 4# -J.PUJWF 趑 MJBMF DPOKPJOUF EF #PTDI FU EF 4BNTVOH EFT ©M©NFOUT TVS NFTVSF FU QS©WPZPOT EF E©WFMPQQFS OPVT NªNFT MF LJU CBUUFSJF DPNQMFU BWFD HFTUJPO EF MB SFDIBSHF $ѳFTU MF TFVM NPZFO EѳJOU©HSFS JE©BMFNFOU MFT BDDVNVMBUFVST EBOT MF W©IJDVMF FU EѳPGGSJS  OPT DMJFOUT RVBUSF WPJSF DJOR QMBDFT FU VO DPGGSF  CBHBHFT EJHOF EF DF OPN

EF QFUJUFT CBUUFSJFT MJUIJVN JPO EѳPSEJOBUFVST QPSUBCMFT &TU DF MѳBWF

-ѳBVUPOPNJF FU MFT QSPCM¨NFT EF UBJMMF TPOU VOF DIPTF .BJT MB EVS©F

OJS $FT QFUJUFT CBUUFSJFT TPOU DFSUFT GBCSJRV©FT QBS NJMMJPOT

EF WJF EFT CBUUFSJFT TFSB U FMMF TBUJTGBJTBOUF 0VJ /PVT MB DBM

FU TPOU SFMBUJWFNFOU CPO NBSDI© .BJT FMMFT OF TPOU QBT BEBQ U©FT  OPT BVUPNPCJMFT -FVS EVS©F EF WJF FTU USPQ DPVSUF

DVMPOT OPO TFVMFNFOU FO LJMPN¨USFT NBJT BVTTJ FO BOO©FT &U OPVT BSSJWPOT  VO NJOJNVN EF BOT

.POTJFVS )PDLHFJHFS MFT NPE¨MFT IZCSJEFT

&U WPVT BUUFJHOF[ DF S©TVMUBU BWFD MF QBSBEJHNF UFDIOPMPHJRVF

% & # " 5 5 & 3 * & 4 % & ( 3 " / % & 1 6 * 4 4 " / $ & - & 4 7 ‰ ) * $ 6 - & 4 ‰ - & $ 5 3 * 2 6 & 4 % & 3 ‰ 4 & 3 7 & 4 % ѳ ‰ / & 3 ( * & * . 1 0 3 5" / 5 & 4

/PVT E©WFMPQQPOT FO DPMMBCPSBUJPO BWFD OPT QBSUFOBJSFT EFT ©M©NFOUT EF CBUUFSJF QMVT HSPT RVJ TѳJOU¨HSFOU QBSGBJUFNFOU  OPUSF DPODFQU 0¹ WPZF[ WPVT MFT QSJODJQBVY PCTUBDMFT BVKPVSEѳIVJ 1PVS MFT CBUUFSJFT MJUIJVN JPO JM GBVU DIPJTJS FOUSF QVJTTBODF FU HSBOE DPOUFOV ©OFSH©UJRVF DѳFTU  EJSF BVUPOPNJF $ѳFTU QPVS DFUUF SBJTPO RVF OPVT DPODFWPOT EFT ©M©NFOUT EJGG©SFOUT QPVS MFT W©IJDVMFT IZCSJEFT FU ©MFDUSJRVFT -FT CBUUFSJFT BG趑 DIFOU E©K VOF FYDFMMFOUF QVJTTBODF NBJT JM OPVT GBVU GBJSF FODPSF CFBV DPVQ NJFVY D´U© BVUPOPNJF FU DP»UT EF GBCSJDBUJPO 2VFMMF FTU MѳBVUPOPNJF EFT NPE¨MFT BDUVFMT -B #.8 "DUJWF )ZCSJE 9 QFVU SPVMFS FOWJSPO LN FO NPEF UPVU ©MFDUSJ RVF  MB WJUFTTF NBYJNBMF EF LN I /PUSF NPE¨MF ©MFD USJRVF #.8 $PODFQU "DUJWF& QBSDPVSU LN FO DPOEJUJPOT EѳVUJMJTBUJPO RVPUJEJFOOFT $FDJ EJU PO S©DVQ¨SF DPOTUBN #.8.BHB[JOF

BDUVFM 0VJ .BJT QBT BWFD MFT CBUUFSJFT EѳPSEJOBUFVST QPSUB

CMFT ©WPRV©FT $FMMFT M OF EVSFOU RVF USPJT  DJOR BOT 0S BVDVO DMJFOU OѳB FOWJF EF WPJS MFT QFSGPSNBODFT EF TB WPJUVSF E©DMJOFS BV CPVU EF USPJT BOT NªNF QBT FO DBT EF GPSUF DIBMFVS PV EF GSPJE JOUFOTF $ѳFTU QPVS DFMB RVF OPVT NFUUPOT BV QPJOU EFT TZTU¨NFT EF DMJNBUJTBUJPO QFSGPSNBOUT B趑 O RVF EFT UFNQ©SBUVSFT TVQ©SJFVSFT  p$ OF NFUUFOU QBT FO Q©SJM MB EVS©F EF WJF EFT CBUUFSJFT %F NªNF MѳBDDVNVMBUFVS OF EPJU QBT QFSESF MB NPJUJ© EF TB DBQBDJU© QBS HSBOE GSPJE DPNNF BWFD VO U©M©QIPOF NPCJMF #.8 TѳFTU MBOD© SFMBUJWFNFOU UBSE EBOT MѳIZCSJEF MF .FHBDJUZ 7FIJ DMF UPVU ©MFDUSJRVF FTU QS©WV MVJ QPVS %ѳBVUSFT DPOTUSVDUFVST POU JMT QSJT EF MѳBWBODF /PO DFMB GBJU EF OPNCSFVTFT BOO©FT

RVF OPVT OPVT JOU©SFTTPOT  MB NPUPSJTBUJPO IZCSJEF FU BVY BDDVNVMBUFVST ©MFDUSJRVFT /PT EFVY NPE¨MFT "DUJWF)ZCSJE C©O©趑 DJFOU EѳVOF UFDIOPMPHJF EF QPJOUF %FQVJT MB NJTF FO QMBDF EF #.8 &G趑 DJFOU%ZOBNJDT BWFD MB GPODUJPO EѳBSSªU FU EF SFE©NBSSBHF BVUPNBUJRVF EV NPUFVS FU MF TZTU¨NF EF S©DVQ©SBUJPO EF Mѳ©OFSHJF BV GSFJOBHF #.8 B TZTU©NBUJRVF NFOU DS©© EFT DPNQ©UFODFT %F OPNCSFVY FYQFSUT OPVT POU SFKPJOUT QPVS TF DPOTBDSFS  MѳBDDVNVMBUFVS ©MFDUSJRVF FU  MB DPODFQUJPO EF NPUFVST ©MFDUSJRVFT

1IPUP 6MSJLF .ZS[JL

- & 4 . 0 % ˆ - & 4 ) : # 3 * % & 4 0 / 5 # & 4 0 * /

#.8 %SJWFS 5SBJOJOH

XXX CNX CF XXX CNX MV

-F QMBJTJS EF DPOEVJSF

%‰$0--&; -FT WPJUVSFT EѳBVKPVSEѳIVJ TPOU ©RVJQ©FT EF TZTU¨NFT EF T©DVSJU© EF QMVT FO QMVT QFSGPSNBOUT .BJT DFMB OF EJTQFOTF QBT MFT DPOEVDUFVST EF QPTT©EFS MѳFYQ©SJFODF O©DFTTBJSF FU MFT CPOT S©趒 FYFT QPVS S©BHJS DPSSFDUFNFOU EBOT MFT TJUVBUJPOT EѳVSHFODF #.8 BJEF MFT DPOEVDUFVST  PQUJNJTFS MFVS NB®USJTF BV WPMBOU 5SPJT QSPHSBNNFT EF GPSNBUJPO QBTTJPOOBOUT QSJODJQBMFNFOU BY©T TVS MFT FYFSDJDFT QSBUJRVFT TPOU EPOO©T QBS MFT QSPGFTTJPOOFMT EV #.8 %SJWFS 5SBJOJOH $FT QSPHSBNNFT TPOU PVWFSUT  UPVT DPOEVDUFVST EF #.8 PV EѳVOF BVUSF NBSRVF KFVOFT DPOEVDUFVST NBORVBOU EѳFYQ©SJFODF DPOEVDUFVST FYQ©SJNFOU©T E©TJSBOU TF QFSGFDUJPOOFS EBOT VOF DPOEVJUF T»SFҀ DBS QMVT EF T©DVSJU© DѳFTU BVTTJ QMVT EF QMBJTJS 1PVS FO TBWPJS QMVT TVS MFT EJGG©SFOUT QSPHSBNNFT EF #.8 %SJWFS 5SBJOJOH WJTJUF[ XXX CNX CF ESJWFS USBJOJOH XXX CNX MV ESJWFS USBJOJOH PV DPOUBDUF[ VO DPODFTTJPOOBJSF #.8

-" +0*& &45 #.8 %3*7&3 53"*/*/( #.8 &Gê—… DJFOU%ZOBNJDT

.PJOT Eѳ©NJTTJPOT 1MVT EF QMBJTJS

*OGPSNBUJPOT FOWJSPOOFNFOUBMFT "3 XXX CNX CF Ѽ XXX CNX MV

4QPOTPSFE CZ

) " ' & / $ * 5 : EF MB k DJU© QPSUVBJSF {

#.8.BHB[JOF

-B #.8 E 5PVSJOH HBS©F BV QJFE EFT DVCFT IBCJU©T

5&95& $"345&/ +"4/&3 1)0504 +&/4 #0-%5

) " . # 0 6 3 ( / "5 6 3 &

4VS MFT CPSET EF Mѳ&MCF MB EFVYJ¨NF WJMMF Eѳ"MMFNBHOF TѳJOWFOUF VO BWFOJS EF DJU© NPE¨MF S©TPMVNFOU ©DPMPHJRVF

GPOU QMBDF FOUJ¨SFNFOU OPVWFBVY ‰UBU EFT MJFVY EF MB $BQJUBMF 7FS UF EF Mѳ6OJPO &VSPQ©FOOF & OU S F Q ´U T E © T B G G F D U© T F U G S J D I F T JO E V T U S J F MMF T

 E F T D P O T U S V D UJP O T W J TJP O OB JS F T F U  E F T RV B S UJF S T

#.8.BHB[JOF

)BNCPVSH ѭ N©USPQPMF EF NJMMJPO EѳIBCJUBOUT FU EFVYJ¨NF QPSU Eѳ&VSPQF QPVS MF USBOTJU EFT DPOUFOFVST ѭ FTU DPOTUSVJUF BV CPSE EF MѳFBV QPVS MF NFJMMFVS FUҀ QPVS MF QJSF 4J MѳPO FO DSPJU MF TD©OBSJP DBUBTUSPQIF EF #MJ[[BSE MF QMVT QVJTTBOU TJNVMBUFVS DMJNBUJRVF BV NPOEF VO UJFST EF MB WJMMF IBOT©BUJRVF QPVSSBJU FO FGGFU ªUSF TVCNFSH© Q©SJPEJRVFNFOU FO 1MVU´U RVF EF USFNCMFS EBOT MѳBUUFOUF EѳVO UFM DBUBDMZTNF MFT )BNCPVSHFPJT POU E©DJE© EF SFHBSEFS FO GBDF MFT SJTRVFT EF MѳBWFOJS -B WJMMF B MBOD© VOF PGGFOTJWF UPVT B[JNVUT TVS MF GSPOU EF MѳFOWJSPOOF NFOU NPJOT Eѳ©NJTTJPOT EF $0 EѳJDJ FU EF S©EVDUJPO QPVS MFT HB[  FGGFU EF TFSSF  MѳIPSJ[PO /PNN©F $BQJUBMF + & / * 4 $ ) ) " 6 4 Ѥ 4JUV© EBOT MF 7FSUF EF Mѳ6OJPO &VSPQ©FOOF )BNCPVSH QBSD IPNPOZNF DF NBOPJS EѳBSDIJUFDUVSF NVMUJQMJF MFT JOJUJBUJWFT EFTUJO©FT  DS©FS VOF DMBTTJDJTUF BCSJUF BVKPVSEѳIVJ MF NVT©F EѳBSU FU EF DVMUVSF TVS MFT CPSET EF Mѳ&MCF QMBUF GPSNF QBO FVSPQ©FOOF Eѳ©DIBOHF TVS MFT RVFTUJPOT FOWJSPOOFNFOUBMFT UBOU BV OJWFBV EFT FYQFSUT RVF EFT DJUPZFOT € DFU ©HBSE MFT QS©NJDFT TPOU EFT QMVT GBWPSBCMFT VO DJO RVJ¨NF EF MB TVQFS趑 DJF EF MB WJMMF FTU EѳPSFT FU E©K DPOTUJUV© EF QBSDT FU S©TFSWFT OBUVSFMMFT +VTRVF EBOT MFT BOO©FT MѳFYQBOTJPO VSCBJOF TѳFTU TVSUPVU GBJUF BV E©USJNFOU EF MB DBNQBHOF BWPJTJOBOUF "VKPVSEѳIVJ )BNCPVSH TF E©WFMPQQF  OPVWFBV BV DFOUSF $PNQBDJU© FU JOUFSQ©O©USBUJPO EFT TQI¨SFT QVCMJRVF FU QSJ W©F UFMMF FTU MB GPSNVMF DIPJTJF QPVS DPOTUSVJSF EV OFVG UPVU FO N©OBHFBOU MFT SFTTPVSDFT &O U©NPJHOF MF OPVWFBV RVBSUJFS EF )BGFODJUZ BV CPSE EF Mѳ&MCF +VTRVѳJM Z B RVFMRVFT BOO©FT Dѳ©UBJU VOF [POF E©MBCS©F BWFD VTJOF  HB[ E©TBG - & ) " . # 0 6 3 ( % ѳ " / 5 " / GFDU©F FOUSFQ´UT FU CBSBRVFT NJUFVTFT 3PUIFSCBVN )BSWFTUFIVEF 6IMFOIPSTU MFT RVBSUJFST S©TJEFOUJFMT EV QPVSUPVS EF "VKPVSEѳIVJ MB WJF FTU EF SFUPVS BWFD Mѳ©SFDUJPO Mѳ"MTUFS DPOUJOVFOU EF SFTQMFOEJS EV CMBOD EF EJ[BJOFT EF C¢UJNFOUT DPNQBDUT FU MѳBN©OB ©DMBUBOU EFT GB§BEFT EFT WJMMBT BODJFOOFT HFNFOU EF QMBDFT QSPNFOBEFT FU QBSDT 0O Z USPVWF FOUSF BVUSFT VO DPNQMFYF ©DPMP HJRVF S©VOJTTBOU TPVT VO NªNF UPJU VOF ©DPMF QSJNBJSF VO KBSEJO EѳFOGBOUT MPHFNFOUT FU VO SFTUBVSBOU k -B DPIBCJUBUJPO EFT GPODUJPOT DѳFTU MѳBWFOJS EF MB DPOTUSVDUJPO { FYQMJRVF *OHSJE 4QFOHMFS BSDIJUFDUF 3FMJ© BV S©TFBV EF DIBVG GBHF VSCBJO QBS TPVDJ EѳFG趑 DJFODF ©OFSH©UJRVF MF C¢UJNFOU B VOF GPSNF DVCJRVF QPVS NJOJNJTFS MFT E©QFSEJUJPOT EF DIBMFVS k /PVT EFWPOT DPOTUSVJSF EF NBOJ¨SF QMVT DPNQBDUF E©DMBSF TPO DPOGS¨SF .BOGSFE 8JFTDIPMFL -B WJMMF EPJU TF EFOTJGJFS { 4VS MFT UPJUT EFT KBSEJOT BV SF[ EF DIBVTT©F MFT HBSBHFT RVF QSPU¨HFOU EFT DSVFT EFT DMPJTPOT TQ©DJBMFT FO BDJFS 1MVT EV UJFST EFT OPVWFBVY C¢UJNFOUT POU VOF DPOTPNNBUJPO Eѳ©OFSHJF QSJNBJSF OF E©QBTTBOU QBT MFT  L8I QBS N DPOUSF EBOT MFT BOO©FT 0VUSF NJMMJPOT EѳFVSPT E©CMPRV©T QPVS E©WFMPQQFS MF S©TFBV DZDMBCMF MB WJMMF EF )BN CPVSH B ©HBMFNFOU MBOD© VOF JOJUJBUJWF FOWJSPO OFNFOUBMF RVJ B BCPVUJ BV SFNQMBDFNFOU EF

#.8.BHB[JOF

& 1 1 & / % 0 3 ' & 3 1 " 3 , Ѥ -F QSJOUFNQT BV DýVS EF )BNCPVSH SBSFT TPOU MFT N©USP QPMFT RVJ DPNQUFOU BVUBOU EѳFTQBDFT WFSUT

MBNQFT FU DIBVEJ¨SFT EBOT MFT C¢UJNFOUT DPNNVOBVY MFT ©DPMFT FU MFT CJCMJP UI¨RVFT FOUSFQSJTFT MPDBMFT TF TPOU BTTP DJ©FT BV QSPKFU EPOU #.8 RVJ B SFOPVWFM© Mѳ©DMBJSBHF FU MF DIBVGGBHF EFT TIPXSPPNT EF TFT DJOR TVDDVSTBMFT IBNCPVSHFPJTFT -B WJF OPDUVSOF FMMF NªNF k ©UFJOU { QFV  QFV MB MVNJ¨SF KVTRVF EBOT MF US¨T IPU 4DIBO[FOWJFSUFM &U TVS MB SJWF PQQPT©F EF Mѳ&MCF MF GPODUJPOOF NFOU EV QPSU FTU BTTVS©  EJTUBODF QBS EFT NPUFVST IZCSJEFT VMUSBNPEFSOFT -PSTRVF MFT QPSUJRVFT BCBJTTFOU MFVS DIBSHF PV RVF MFT DIB SJPUT EF UPOOFT GSFJOFOU DFMB E©HBHF Eѳ©OPSNFT RVBOUJU©T Eѳ©OFSHJF S©DVQ©S©FT FU USBOTGPSN©FT FO MVNJ¨SF QBS EFT TZTU¨NFT " - 4 5 & 3 & 9 5 ‰ 3 * & 6 3Ѥ BEBQU©T -FT QMBJTJST EF MB WPJMF FU  %BOT MF QPSU EPVBOJFS EF .¼HHFOCVSH VOF MѳBSSJ¨SF QMBO MB UPVS EF U©M©WJTJPO EF )BNCPVSH JOTPMJUF ®MF 趒 PUUBOUF ѭ DPOUFOFVST CPVMPOO©T FOUSF FVY FU BSSJN©T  EFT QJMPUJT ѭ NPOUF FU EFT DFOE BWFD MѳFBV BV HS© EFT NBS©FT .ªNF FO DBT EF SB[ EF NBS©F JM OѳZ BVSBJU RVѳ TVSGFS TVS MB WBHVF 6OF BVUSF ©RVJQF SFDZDMF VO CVOLFS EF " - 4 5 & 3 & 9 5 ‰ 3 * & 6 3 Ѥ -B #.8 4©SJF N EF IBVU 6OF GPJT ©WJE© JM TFSB ©RVJQ© EѳVOF 5PVSJOH BV CPSE EV MBD MF QMVT DPOOV EV OPSE EF Mѳ"MMFNBHOF DIBVEJ¨SF  FBV DIBVEF EѳVOF VOJU© EF DPH©O© SBUJPO GPVSOJTTBOU ©MFDUSJDJU© FU DIBMFVS FU EF QBOOFBVY TPMBJSFT "V MJFV EJU ,SFFUTBOE MB E©NPMJUJPO EѳVOF EJHVF EPJU QFSNFUUSF  Mѳ&MCF EF TPSUJS EF NBOJ¨SF DPOUS´M©F EF TPO MJU &O趑 O MѳBODJFOOF E©DIBSHF EF (FPSHTXFSEFS USJTUF NFOU D©M¨CSF EBOT MFT BOO©FT QPVS TFT GVJUFT EF EJPYJOF WB BDDVFJMMJS MF QMVT HSBOE FTQBDF QIPUPWPMUB¯RVF EF MB WJMMF VOF ©PMJFOOF IBVUF QFSGPSNBODF FU VOF QMBUF GPSNF QBOPSBNJRVF -FT )BNCPVSHFPJT POU RVFMRVF QBSU QSJT MF QBSUJ EF OF QMVT TѳBCSJUFS EFSSJ¨SF EFT EJHVFT EF QMVT FO QMVT IBVUFT QS©G©SBOU GBJSF EF MB QMBDF  MѳFBV FU KPVFS BWFD FMMF RVJUUF  FO E©UPVSOFS MF DPVST  MFVS QSP趑 U -B WJMMF EBOTF TVS MB WBHVF FU QVJTF EBOT DIBRVF NPVWFNFOU VO QFV QMVT Eѳ©OFSHJF FU USPVWF NªNF MѳBVEBDF EF USBOTGPSNFS VOF BODJFOOF E©DIBSHF EF E©DIFUT UPYJRVFT FO [POF S©DS©BUJWF 6OF N©UBNPSQIPTF VSCBJOF S©FMMFNFOU GBTDJOBOUF

#.8.BHB[JOF

#.8 E 5PVSJOH $BSBDU©SJTUJRVFT UFDIOJRVFT

/PNCSF EF DZMJOESFT

$ZMJOES©F FO DN

1VJTTBODF DI L8

7FSTJPO 趑 TDBMFNFOU BUUSBDUJWF

$PVQMF NBYJ /N

7JUFTTF NBYJ LN I

Ñ­ LN I FO T

$POTP M LN FO DZDMF NJYUF

‰NJTTJPOT $0 H LN

#0//&4 "%3&44&4 )”5&-4

,¼DIFOXFSLTUBUU

#"34 &5 3&45"63"/54

TF D´UPJFOU QPVS E©HVTUFS MFT NFJMMFVSFT UBSUFT EF MB WJMMF

)BOT )FOOZ +BIOO 8FH

&BTU

&MCF

4JNPO WPO 6USFDIU 4US

#JTNBSDLTUS

5©M

5©M

XXX FBTU IBNCVSH EF

5©M

XXX FMCF EF

€ EFVY QBT EV ,JF[ FU EF MB 3FFQFSCBIO 7BTUJTTJNF FTQBDF SFTUBVSBOU CBS BN©OBH© EBOT MFT DBWFT EѳVOF BODJFOOF VTJOF )PUFM "CUFJ

"CUFJTUS

5©M

XXX BCUFJ IPUFM EF

1FUJU ©UBCMJTTFNFOU JOE©QFO EBOU EBOT VOF WJMMB "SU /PVWFBV EV RVBSUJFS DIJD EF )BSWFTUFIVEF P¹ DPNNFODF La Montagne magique EF 5IPNBT .BOO /F DIFSDIF[ QBT MF EFTJHO MѳBN©OBHFNFOU EFT DIBNCSFT GBJU MB QMBDF CFMMF BVY BOUJRVJU©T FU BVUSFT NFVCMFT Eѳ©QPRVF %©UBJM UZQJRVF MF QFUJU E©KFVOFS FTU TFSWJ EBOT VO TBMPO PVWSBOU TVS MF KBSEJO

#BS SFTUBVSBOU E©DPOUSBDU© BWFD KBSEJO DPOWJWJBM QPVS DPOTPNNFS BV GSBJT 4VSUPVU GS©RVFOU© QBS MFT MPDBVY RVBSUJFS EF )PIFMVGU 7JBOEF EF CýVG CJP FU M©HVNFT QSPWFOBOU EѳVOF GFSNF MBCFM MJT©F %FNFUFS $BG© +PIBOOB

4USBOE 1BVMJ

XXX LVFDIFOXFSLTUBUU IBNCVSH EF

)BGFOTUSBÂ&#x;F

"CSJU© EBOT MѳBODJFOOF NBJTPO EѳVO QBTTFVS EF CBD DFU k BUFMJFS DVJTJOF { FTU MF MBCPSB UPJSF EF (FSBME ;PHCBVN VO DIFG TVCMJNF RVJ DPODPDUF DIBRVF TFNBJOF VO NFOV PSJHJOBM FO FYQ©SJNFOUBOU BWFD MFT DPNCJOBJTPOT EѳJO HS©EJFOUT -F UPVU  CPO QSJY

5©M

&STUF -JFCF #BS

$6-563&

.JDIBFMJTCS¼DLF

XXX TUSBOEQBVMJ EF

7JTJUF EV QPSU FO CBUFBV

.FSWFJMMFVY MJFV EF E©UFOUF RVF DF CFBDI DMVC EFT CPSET EF Mѳ&MCF .VTJRVF E©MBTTBOUF FU WVF TVS MF QPSU CBJHO© EѳVOF MVNJ¨SF PSBOH©F BV DS©QVT DVMF

7FOVTCFSH

5©M

)BVT EFS 1IPUPHSBQIJF

5©M

XXX FSTUFMJFCFCBS EF

%FJDIUPSTUSBÂ&#x;F Ñ­

XXX DBGFKPIBOOB EF

"WFD TFT DIBJTFT Eѳ©DPMF SFDZDM©FT DF QFUJU MPDBM TJUV©  EFVY QBT EV QPSU FO CPS EVSF EV RVBSUJFS NVMUJDVMUVSFM EV 1PSUVHJFTFOWJFSUFM TFSU EFT QMBUT M©HFST FO TFNBJOF DPNQM©U©T MF TBNFEJ QBS VO QFUJU E©KFVOFS SPZBM 'FSNF UVSF  IFVSFT

‰DPOPNJTF[ QBS SBQQPSU  MB WJTJUF EV QPSU USBEJUJPOOFMMF FO SFNPOUBOU MF DPVST EF Mѳ&MCF FO CBUFBV BWFD VO TJNQMF UJDLFU EFT USBOTQPSUT FO DPN NVO 7VF EV 趒 FVWF )BNCPVSH WBVU WSBJNFOU MF E©QMBDFNFOU 7JTJUF EV QPSU  DPOUFOFVST 5©M

"QS¨T VOF T©BODF EF TIPQ QJOH SJFO EF UFM RVѳVOF QFUJUF QBVTF S©QBSBUSJDF BV k CBS EV QSFNJFS BNPVS { üVWSFT EѳBSU GS©RVFNNFOU SFOPVWF M©FT SFWVFT JOUFSOBUJPOBMFT FU DBSUF QPVS MF E©KFVOFS &TTBZF[ MF )BMC IBMC k NPJUѳ NPJUѳ { VOF QFUJUF TBMBEF BWFD VO QMBU EF Q¢UFT

XXX EFJDIUPSIBMMFO EF

XXX KBTQFS EF

7BTUF DPMMFDUJPO EF DMJDI©T EF RVBMJU© EF MB GPOEBUJPO ' $ (VOEMBDI FYQPTJUJPOT EF QIPUPHSBQIJF DPOUFNQPSBJOF FU VOF GPJT QBS BO VOF S©USP TQFDUJWF EFT NFJMMFVSFT QIPUPT QBSVFT EBOT MB QSFTTF NBHB [JOF BMMFNBOEF

-FT )BNCPVSHFPJT FVY NªNFT TF MBJTTFOU UFOUFS QBS DFUUF WJTJUF FO DBS EV QPSU  DPOUFOFVST  MѳPNCSF EFT H©BOUT BV MPOH DPVST FU EFT HSVFT IBVUFT DPNNF EFT JNNFVCMFT

7MFU

4BNNMVOH 'BMDLFOCFSH

5PVS EF Mѳ"MTUFS

8JMTUPSGFS 4USBÂ&#x;F

5©M

5©M

XXX WMFU EF

XXX TBNNMVOH GBMDLFOCFSH EF

4JUV© EBOT MB 4QFJDIFSTUBEU MF RVBSUJFS EFT FOUSFQ´UT QPSUVBJSFT MF 7MFU QSPQPTF EF E©MJDJFVTFT TQ©DJBMJU©T MPDBMFT  CBTF EF QPJTTPO EѳBHOFBV FU EF WFBV 5FSNJOF[ BWFD VO XIJTLZ

-FT ýVWSFT BQQBSUJFOOFOU BV QMVT HSBOE DPMMFDUJPOOFVS EF MB WJMMF )BSBME 'BMDLFOCFSH FU TPOU FYQPT©FT EBOT VOF BODJFOOF VTJOF EF MB TPDJ©U© 1IPFOJY EBOT MF RVBSUJFS EF )BSCVSH 7JTJUF VOJRVFNFOU TVS SFOEF[ WPVT

1FUJU $BG©

)FHFTUSBÂ&#x;F

*/5&3"$5*7*5‰

5©M

$BSUF .FSJBO ,BSUPHSBQIJF

XXX IBEBH EF IBGFOGBFISFO QIQ

5©M

"N 4BOEUPSLBJ

#BMMJO4UBEU

"NFVCMFNFOU EF TUZMF #JFEFS NFJFS +FVOFT GBNJMMFT BWFD FOGBOUT EV RVBSUJFS IVQQ© Eѳ&QQFOEPSG FU WJFJMMFT EBNFT

#.8.BHB[JOF

3FWJWF[ MѳBWFOUVSF EFT QMVT EF DJOR NJMMJPOT Eѳ©NJHSBOUT RVJ FOUSF FU USBOTJU¨ SFOU QBS )BNCPVSH QPVS QBSUJS UFOUFS MFVS DIBODF EBOT MF /PVWFBV .POEF

7FEEFMFS #PHFO 5©M

XXX CBMMJOTUBEU EF

-F UPVS EF Mѳ"MTUFS FYU©SJFVS TVS VO QBSDPVST E©EJ© 趒 ¨DIFT KBVOFT BVY KPHHFVST FU BVY DZDMJTUFT FTU MѳPDDBTJPO EF E©DPVWSJS EF NBHOJ趑 RVFT KBSEJOT -FT QMVT TQPSUJGT WPOU KVTRVѳ ,BZIVEF )JSTDIQBSL -F k QBSD EFT DFSWJE©T { EBOT MF RVBSUJFS EF /JFOTUFEUFO FTU VO QBSBEJT QPVS QSPNFOFVST BWFD TFT BSCSFT QMVTJFVST GPJT DFOUFOBJSFT TFT NBJTPOT EF NB®USF TFT EBJNT FU TFT QBPOT 7VF JNQSFOBCMF TVS Mѳ&MCF FU TVS MF TJUF Eѳ"JSCVT 4UBUJPOOFNFOU SFDPNNBOE© EBOT MB SVF *O EF #PTU

BMW Top Cover

Le plaisir de conduire

A¾6HHJG6C8: 7BL IDE 8DK:G# A6 ?D>: G:HI: >CI68I:# Fhej ][h Wk c_[kn lejh[ le_jkh[ [j Y[kn gk_ o fh[dd[dj fbWY[" Y¿[ij fbki gk¿kd[ Xedd[ _Z [$ 7l[Y bW feb_Y[ Z¿WiikhWdY[ 8CM Jef 9el[h" leki X d ÇY_[p X_[d l_Z[cc[dj Z[ eg^bZh Xdbe i^i^kZh" Z¿kd hZgk^XZ ^gg egdX]VWaZ cW_i Wkii_ Z¿kd[ [gVcX]^hZ YZ % $ ;j Y[ d¿[ij fWi jekj" leki fheÇj[p Wkii_ Z[ &- bd^h YZ ;jaa GZeaVXZbZci fekh b[i l ^_Ykb[i d[k\i ]h~Y[ } bW ]WhWdj_[ ;b_j[$ H[dZ[p#leki ikh lll#WblideXdkZg#WZ ek Wff[b[p b[ %-%%$)% *(% fekh Z[cWdZ[h iWdi [d]W][c[dj" kd YWbYkb Z[ bW fh_c[$ «BMW Top Cover» est la dénomination commerciale d’un produit d’assurance auto de ACTEL SA, compagnie d’assurance agréée sous le code 2279 (Décision de la CBFA du 22.12.2003, M.B. du 04.02.2004) pour les branches 1, 3 et 10a – rue de Ligne 13, 1000 Bruxelles - 0440 903 008 RPM Bruxelles. La distribution est assurée par ACTEL SA - Membre du groupe P&V - Tél. 02/282.36.17 Fax. 02/282.36.00 - Banque 879-1500104-67 - www.bmwtopcover.be

5&$)/0 5"-,

- " +0*& "644* &/ )*7&3 5 & 9 5 & + 0 0 4 5 $ 6 4 5 & 3 4

&O DPOEJUJPOT IJWFSOBMFT WPVT OF DPOEVJTF[ ©WJEFNNFOU QBT EF MB NªNF NBOJ¨SF RVѳFO ©U© &O IJWFS ©HBMFNFOU #.8 WFJMMF  WPUSF T©DVSJU© TVS MFT SPVUFT &O PVUSF #.8 B E©WFMPQQ© UPVUF VOF HBNNF EѳBDDFTTPJSFT QPVS WPUSF ©RVJQFNFOU EF TQPSUT EѳIJWFS %©K FO BVUPNOF MF DPOEVDUFVS QFVU ªUSF DPOGSPOU©  EFT DPOEJUJPOT EF DPOEVJUF E©GBWPSBCMFT MB QMVJF MB CBJTTF EFT UFNQ©SBUVSFT FU MFT GFVJMMFT QFVWFOU SFOESF MB DIBVTT©F EBOHFSFVTFNFOU HMJTTBOUF .JFVY WBVU EPOD WPVT SFOESF  DFUUF Q©SJPEF DIF[ WPUSF DPO DFTTJPOOBJSF #.8 QPVS VO DPOUS´MF IJWFS #.8 -F DPOUS´MF IJWFS #.8 FTU EѳBJMMFVST RVBTJ JOEJTQFOTBCMF 4POU OPUBNNFOU DPOUS´M©T PVUSF MFT EJGG©SFOUT OJWFBVY EF MJRVJEF MF DIBVGGBHF MB DMJNBUJTBUJPO MFT TFSSVSFT FU DIBSOJ¨SFT MB CBUUF SJF MFT GSFJOT MFT BNPSUJTTFVST FU MF GSFJO  NBJO 6O ©M©NFOU FTU MѳPCKFU EV QMVT HSBOE TPJO MFT QOFVT *MT TPOU FO FGGFU MFT TFVMT QPJOUT EF DPOUBDU EJSFDUT BWFD MB SPVUF 5PVU DPNNF WPVT DIBOHF[ EF DIBVTTVSFT FO GPODUJPO EV UFNQT RVѳJM GBJU WPVT SPVMF[ BWFD EFT QOFVT BEBQU©T BVY TBJTPOT $POUSBJSFNFOU  DF RVF MѳPO FOUFOE FODPSF JDJ FU M MFT QOFVT IJWFS SFTUFOU MB NFJMMFVSF TPMVUJPO UBOU RVF MFT UFNQ©SBUVSFT FYU©SJFVSFT OF E©QBT TFOU QBT S©HVMJ¨SFNFOU MFT p$ /PO TFVMFNFOU MB HPNNF QMVT TPVQMF EV QOFV IJWFS WFJMMF  DF RVF WPUSF W©IJDVMF BEI¨SF NJFVY  MB DIBVTT©F NBJT TFT TDVMQUVSFT QMVT QSPGPOEFT ©WBDVFOU ©HBMF NFOU NJFVY MѳFBV -FT BNBUFVST EF TQPSUT EѳIJWFS EPJWFOU BVTTJ UFOJS DPNQUF EV GBJU RVF MFT QOFVT IJWFS TPOU PCMJHBUPJSFT EBOT MFT QSJODJQBVY QBZT EF TQPSUT EѳIJWFS DPNNF Mѳ"MMFNBHOF FU Mѳ"VUSJDIF -ѳJE©BM FTU EѳPQUFS EJSFDUFNFOU QPVS VO LJU DPN

QMFU DPNQSFOBOU EFT QOFVT IJWFS FU EFT KBOUFT DF RVJ ©WJUF EѳBWPJS  SFNPOUFS  DIBRVF GPJT WPT QOFVT IJWFS PV ©U© TVS MB KBOUF FU DF RVJ ©QBSHOF EBWBOUBHF MFT QOFVT 7PUSF DPODFTTJPOOBJSF #.8 WPVT DPOTFJMMFSB TVS MFT DIB®OFT  OFJHF RVJ DPOWJFOOFOU 7PUSF #.8 BJOTJ QS©QBS©F QPVS MѳIJWFS WPVT QPVSSF[ SPVMFS FO UPVUF USBORVJMMJU© &U TJ WPVT QBS UF[ BVY TQPSUT EѳIJWFS WPT CBHBHFT FODPNCSBOUT DPNNF MFT TLJT PV MFT TOPXCPBSET TFSPOU USBOT QPSU©T EF NBOJ¨SF QMVT T»SF EBOT VO EFT TZTU¨ NFT EF QPSUBHF #.8 %F DFUUF NBOJ¨SF WPVT DPOTFSWF[ VO FTQBDF NBYJNBM QPVS WPT QBTTBHFST FU WPVT NªNF &O PQUBOU QPVS VO EFT TZTU¨NFT EF USBOTQPSU EѳPSJHJOF #.8 WPVT PQUF[ QBS E©GJ OJUJPO QPVS QMVT EF T©DVSJU© FU NPJOT EF DPOTPN NBUJPO

#.8 QOFVT IJWFS #.8 QOFVT ©U©

p $

p $

p $

7PVT FTU JM E©K BSSJW© EF EFWPJS GSFJOFS  CMPD FO QMFJO IJWFS " DF NPNFOU M MFT QOFVT IJWFS GPOU UPVUF MB EJGG©SFODF FO S©EVJTBOU TJHOJGJDBUJWFNFOU MB EJTUBODF EF GSFJOBHF KVTRVѳ %FT N¨USFT HBHO©T RVJ QFVWFOU TBVWFS EFT WJFTҀ #.8.BHB[JOF

%& %*45"/$& %& '3&*/"(&

%& %*45"/$& %& '3&*/"(&

%& %*45"/$& %& '3&*/"(&

%JTUBODF EF GSFJOBHF BWFD "#4 Â LN I

%F MB KPJF NªNF TVS MB SPVUF RVJ N¨OF  MB TUBUJPO EF TLJ 1PVS MF DPOUS´MF IJWFS #.8 MF DIPJY EF QOFVT IJWFS PV EF DIB®OFT  OFJHF BESFTTF[ WPVT  WPUSF DPODFTTJPOOBJSF #.8 7PVT Z USPVWFSF[ ©HBMFNFOU UPVUF VOF HBNNF EѳBDDFTTPJSFT UFMT EFT DPGGSFT EF UPJU PV EFT QPSUF TLJT

7P Z F [ F O Q Q P V S E ѳ B V U S F T D P O T F J M T T V S M B D P O E V J U F Q B S U F N Q T E F O F J H F

#.8.BHB[JOF

0#+&$5*' %63"#-& 1SPUFDUJPO BDUJWF EF MB OBUVSF MFT FNQMPZ©T EV TJUF #.8 EF 3BZPOH QS©TFSWFOU MFVS S©DJG DPSBMMJFO FO GBWPSJTBOU TB SFQSPEVDUJPO

#.8.BHB[JOF

4VS MB QMBHF EF 3BZPOH  FOWJ SPO LJMPN¨USFT EF #BOHLPL 5IBXBUDIBJ 4JOHTFSNXPOH BOT CPVUVSF EFT CSBODIFUUFT HSJT¢USFT EBOT EFT QJFSSFT DBM DBJSFT RVJ HJTFOU BV NJMJFV EFT E©CSJT EF DPRVJMMBHFT FU BVUSFT E©DIFUT SFKFU©T QBS MB NFS k %BOT RVFMRVFT NPJT DFT GSBHNFOUT EF SPDIF BWFD MFVST QFUJUFT CSBODIFT HSJT¢USFT TF TFSPOU USBOT GPSN©T FO DPSBVY NVMUJDPMPSFT { BG趑 SNF U JM %VSBOU TFT UFNQT MJCSFT MF 5IB¯MBOEBJT USBWBJMMF BWFD EѳBVUSFT WPMPOUBJSFT  MB TBV WFHBSEF EF DFT NFSWFJMMFT EF MB OBUVSF RVF TPOU MFT S©DJGT DPSBM MJFOT 5IBXBUDIBJ 4JOHTFSNXPOH GBJU QBSUJF EV E©QBSUFNFOU (FTUJPO EF MB RVBMJU© EV TJUF #.8 EF 3BZPOH FO 5IB¯MBOEF P¹ TPOU GBCSJRV©FT FO QMVT EF MB #.8 9 EFT #.8 4©SJF FU *M EJSJHF ©HBMFNFOU MѳJOJUJBUJWF ©DPMPHJRVF EF MѳVTJOF 'BDF  Mѳ©OPSNF EBOHFS BCTUSBJU EV DIBOHFNFOU DMJNBUJRVF MFT DPMMBCPSBUFVST #.8 S©QPOEFOU QBS EF QFUJUFT BDUJPOT DPODS¨UFT FU FG趑 DBDFT 6OF k +PVSO©F GBNJMMF FU FOWJSPOOFNFOU { QBS FYFNQMF BV DPVST EF MBRVFMMF MFT DPMMBCPSBUFVST FU MFVST GBNJMMFT TѳFOHBHFOU QPVS MѳFOWJSPOOFNFOU JNN©EJBU EF MFVS FOUSF QSJTF k -PST EF MB QSFNJ¨SF EF DFT KPVSO©FT OPVT BWPOT QMBOU© QMVTJFVST DFOUBJOFT EѳBSCSFT EF NBOHSPWF EBOT MFT NBS©DBHFT QS¨T EF MB NFS QPVS BSSªUFS Mѳ©SPTJPO EBOT VOF GPSªU D´UJ¨SF FOEPNNBH©F { SBDPOUF 1SBQBQPSO 5IFQIJOMVQ BTTJTUBOUF EF EJSFDUJPO "VKPVSEѳIVJ MѳBDUJPO EF DFT WPMPOUBJSFT WJTF  QSPU©HFS ѭ FO DPMMBCPSBUJPO BWFD MB $PSBM 3FFG 1SPUFDUJPO 5FBN EF MB NBSJOF UIB¯MBOEBJTF ѭ MF S©DJG EF )BBE 5PFZ /HBN EBOT MF HPMGF EF 4JBN

#.8.BHB[JOF

"V DPVST EFT EFSOJ¨SFT BOO©FT MB 5IB¯MBOEF B QFSEV QMVT EF MB NPJUJ© EF TB NBOHSPWF "VKPVSEѳIVJ MB SFQMBOUBUJPO B DPNNFOD©

-FT S©DJGT KPVFOU VO S´MF DM© EBOT Mѳ©DP TZTU¨NF NBSJO DPNNF GPVSOJTTFVST EF OPVS SJUVSF FU EѳIBCJUBU QPVS EѳJOOPNCSBCMFT FTQ¨DFT EF QPJTTPOT FU EѳJOWFSU©CS©T FU DPNNF GBDUFVS NBKFVS EBOT MF DZDMF EV $0 QMBO©UBJSF -FT DPSBVY BCTPSCFOU FO FGGFU QMV TJFVST NJMMJBSET EF UPOOFT EF $0 QBS BO 0S DFT QBSBEJT TPVT NBSJOT TPOU NFOBD©T QBS MB IBVTTF EFT UFNQ©SBUVSFT FU MB QPMMVUJPO HSBO EJTTBOUF -FT FYQFSUT EF MB (MPCBM $PSBM 3FFG "MMJBODF FTUJNFOU RVF QMVT EѳVO UJFST EFT S©DJGT DPSBMMJFOT TPOU E©K TJ EVSFNFOU FOEPNNBH©T RVѳJMT OF QFVWFOU QMVT TF S©H©O©SFS QBS FVY NªNFT %BOT MѳVTJOF EFT DPMMBCPSBUFVST DPNNF 5IBXBUDIBJ 4JOHTFSNXPOH POU ©HBMFNFOU BOBMZT© MFT QSPDFTTVT FU MFT QMBOT EF DPOTUSVDUJPO  MB SFDIFSDIF Eѳ©DPOPNJFT QPUFOUJFMMFT € DF KPVS JE©FT FU JOJUJBUJWFT POU ©U© NFO©FT  CJFO &YFNQMFT EFT WFOUJ MBUFVST SFNQMBDFOU QBS JOUFSNJUUFODF MB DMJNB UJTBUJPO HSPTTF DPOTPNNBUSJDF EF DPVSBOU ©MFDUSJRVF FU MB DIB®OF EF GBCSJDBUJPO FTU QSFTRVF VOJRVFNFOU ©DMBJS©F  MB MVNJ¨SF EV KPVS -FT QSPQPTJUJPOT Eѳ©DPOPNJFT Eѳ©OFSHJF POU QFSNJT EF S©EVJSF EѳFOWJSPO FVSPT MFT E©QFOTFT BOOVFMMFT Eѳ©MFDUSJDJU© -FT JOJ UJBUJWFT EF MѳVTJOF EF 3BZPOH OF TPOU QBT EFT

#.8.BHB[JOF

6OF NBOHSPWF JOUBDUF DPOTUJUVF VOF QSPUFDUJPO FGê ‹ DBDF DPOUSF Mѳ©SPTJPO D´UJ¨SF FU MB GPSDF EFTUSVDUSJDF EFT UTVOBNJT

- & 4 $ 0 - - " # 0 3 "5 & 6 3 4 # . 8 $ 0 / 5 3 * # 6 & / 5 " 6 / * 7 & " 6 - 0 $ " - € 4 5 0 1 1 & 3 - & $ ) " / ( & . & / 5 $ - * . "5 * 2 6 &

DBT VOJRVFT -ѳVTJOF #.8 EF 4QBSUBOCVSH BVY &UBUT 6OJT QBS FYFNQMF USBOTGPSNF EV N©UIBOF QSPWFOBOU EѳVOF E©DIBSHF WPJTJOF FO DPVSBOU ©MFDUSJRVF FU FO DIBMFVS $FMB QFS NFU EF S©EVJSF EF UPOOFT MFT ©NJT TJPOT EF $0 EBOT MB S©HJPO &OUSF UFNQT MB k +PVSO©F GBNJMMF FU FOWJ SPOOFNFOU { FTU EFWFOVF VO UFNQT GPSU EBOT MF DBMFOESJFS EV TJUF EF 3BZPOH -ѳ©U© QSPDIBJO MѳJOJUJBUJWF ©DPMPHJRVF EF MѳVTJOF WB QMBOUFS QMVT EF BSCSFT EBOT MF QBSD JOEVTUSJFM B趑 O EѳBN©MJPSFS MF NJDSPDMJNBU EF MB S©HJPO XXX CNXHSPVQ DPN TVTUBJOBCJMJUZ

Tanguy Couplet VOTRE PRIVATE BANKER EST À VOS CÔTÉS POUR TOUS LES ASPECTS LIÉS À LA GESTION DE VOTRE PATRIMOINE COMME POUR VOS BESOINS BANCAIRES QUOTIDIENS.

“

CHAQUE RENCONTRE AVEC UN CLIENT me permet de faire un pas de plus dans la compréhension de son histoire

personnelle, de sa situation familiale et professionnelle. Cette relation, inscrite dans la durée, permet de préciser les besoins du client, de cerner ses objectifs prioritaires et de lui offrir ainsi les solutions les mieux adaptées en fonction de l’évolution de son environnement personnel ou professionnel.

Il est important de s’impliquer de manière transgénérationnelle car un patrimoine a généralement plusieurs vies. Mes clients savent qu’ils peuvent compter sur moi pour trouver des réponses à leurs attentes sur le plan patrimonial, mais aussi dans leurs besoins bancaires au quotidien. Cette gestion globale du patrimoine de mes clients ne serait pas possible sans un formidable travail d’équipe au sein de BNP Paribas Fortis Private Banking.

”

GRÂCE AUX LIENS ÉTROITS QUE NOUS ENTRETENONS AVEC NOS CLIENTS, NOUS SOMMES EN MESURE D’ATTIRER LEUR ATTENTION SUR DES OPPORTUNITÉS ET DES SOLUTIONS QU’ILS N’AVAIENT PAS ENVISAGÉES.

Bienvenue dans la nouvelle Private Bank de BNP Paribas Fortis

N’hésitez pas à prendre rendez-vous au 0800/98542 ou à poser vos questions sur www.bnpparibasfortis.be/privatebanking

E.R. : F. Peene, Fortis Banque SA, Montagne du Parc 3 - 1000 Bruxelles – RPM Bruxelles – TVA BE 0403.199.702

Private banker

10353"*5 %"/4&3 1063 $‰-‰#3&3 -" $&35*56%& %6 %065& -& $)03‰(3"1)& 4*%* -"3#* $)&3,"06* $0 "65&63 %& #"#&- "7&$ 40/ $0.1-*$& "35*45*26& %".*&/ +"-&5 4& 3&.&5 70-0/5*&34 &/ 26&45*0/ 5&95& 1&5&3 7"/ %:$, 1)0504 5)0."4 %& #0&7&3 10353"*54 &5 ,0&/ #3004 1)0504 %& 130%6$5*0/

4JEJ -BSCJ $IFSLBPVJ O© EѳVO Q¨SF NBSPDBJO FU EѳVOF N¨SF GMBNBOEF DI©SJU MFT DVMUVSFT ©USBOH¨SFT $IPS©HSBQIF EF SFOPNN©F NPOEJBMF JM B E©K GBJU MF UPVS EV NPOEF FU USPVWF EBOT UPVT DFT WPZBHFT VOF W©SJUBCMF OPVSSJUVSF TQJSJUVFMMF k +ѳBJ CFTPJO EF DPN QSFOESF MFT QPJOUT EF WVF EFT EJGG©SFOUT QFVQMFT EF OPUSF QMBO¨UF { FYQMJRVF $IFSLBPVJ  QSPQPT EF DF WJSVT EV WPZBHF k +F DPOTJE¨SF MB WJF DPNNF VO WPZBHF EF E©DPVWFSUF QFSNBOFOU 1PVS MѳJOTUBOU MFT WPZBHFT TPOU O©DFTTBJSFT  NPO ©RVJMJCSF NBJT KF TVQQPTF RVF WJFO ESB VO NPNFOU P¹ KѳBVSBJ CFTPJO EF SFTQJSFS FU EF QPTFS NFT CBHBHFT  "OWFST QPVS RVFMRVF UFNQT { "QS¨T QMVTJFVST BOO©FT EF USBWBJM BV TFJO EFT #BMMFUT $ EF MB # FU EF MB 5POFFMIVJT $IFSLBPVJ B GPOE© DFUUF BOO©F TB QSPQSF DPNQB HOJF CBQUJT©F &BTUNBO  "OWFST TPO QPSU EѳBUUBDIF $ѳFTU (VZ $BT TJFST EJSFDUFVS BSUJTUJRVF EF MB 5POFFMIVJT RVJ MѳB FODPVSBH©  GSBO

DIJS MF QBT WFST MѳJOE©QFOEBODF k *M B DPNQSJT RVF KѳBWBJT CFTPJO EF DF DIBOHFNFOU .B DPMMBCPSBUJPO BWFD MB 5POFFMIVJT TF QBTTBJU US¨T CJFO NBJT QPVS QPVWPJS JOUFSBHJS BWFD NFT EBOTFVST FU NPO ©RVJQF EѳVOF NBOJ¨SF TBJOF JM NF GBMMBJU EBWBOUBHF EѳBVUPOPNJF { k &BTUNBO { TJHOJGJF k MѳIPNNF WFOV EF Mѳ&TU { VO DMJO EѳýJM ©WJEFOU  TFT SBDJOFT k +F TVJT O©  "OWFST NBJT QPSUF MF OPN BSBCF EF NPO Q¨SF $IFSLBPVJ *M GBJU QBSUJF EF NPJ *M NѳB EPOD TFNCM© BNVTBOU EF USBEVJSF DF OPN FO BOHMBJT MB MBOHVF PDDJEFOUBMF QBS FYDFMMFODF $FMB MVJ EPOOF VOF DPOTPOBODF PSJHJOBMF RVJ JODJUF BV RVFTUJPOOFNFOU { $IFSLBPVJ BQQS©DJF MFT RVFTUJPOT 6O GBJU RVJ OѳB EѳBJMMFVST QBT ©DIBQQ© BV KVSZ EV QSFTUJHJFVY QSJY ,BJSPT RVJ MVJ B ©U© E©DFSO© MѳBO EFSOJFS k .PO ©EVDBUJPO DVMUVSFMMF NJYUF NѳB US¨T U´U GBJU QSFOESF DPOTDJFODF EF MѳFYJTUFODF EѳVOF QMVSBMJU© EF W©SJU©T &MMF NѳB QFSNJT EF E©WFMPQQFS NPO FNQBUIJF FU NB DBQBDJU© DS©BUJWF  DPODJMJFS EFT QPJOUT EF WVF EJWFSHFOUT +ѳFTTBJF EѳFYQSJNFS MFT RVFTUJPOT RVJ NѳJO UFSQFMMFOU EBOT NFT DS©BUJPOT +F UJFOT  EJTDVUFS EF UI¨NFT NPSBVY

+ѳ"* 53ˆ4 1&63 %&4 (&/4 5301 4›34 %ѳ&69 &5 %&4 .0%&4 %& 1&/4‰& %0(."5*26&4 $0/'30/5&3 %&4 10*/54 %& 76& 3"%*$"-&.&/5 01104‰4 &45 4&-0/ .0* 53ˆ4 %"/(&3&69

k %BOT #BCFM OPVT NPOUSPOT RVѳJM FTU QPTTJCMF EF WJWSF MFT VOT  D´U© EFT BVUSFT TBOT GVTJPO OJ IBSNPOJF %BOT NB QSPQSF WJF MF CFTPJO EF GSBUFSOJTBUJPO KPVF EFQVJT UPVKPVST VO S´MF DBQJUBM {

#.8.BHB[JOF

DPNQMFYFT BWFD NFT EBOTFVST FU  MFT NFUUSF FO GPSNF OF TFSBJU DF RVF QPVS FTTBZFS EF USPVWFS VO TFOT  MѳBCTVSEJU© EF OPT BDUJPOT { 1PVS $IFSLBPVJ MF EPVUF KPVF VO S´MF GPOEBNFOUBM EBOT OPT WJFT k +ѳBJ US¨T QFVS EFT HFOT USPQ T»ST EѳFVY FU EFT NPEFT EF QFOT©F EPHNBUJRVFT $POGSPOUFS EFT QPJOUT EF WVF SBEJDBMFNFOU PQQPT©T FTU TFMPO NPJ US¨T EBOHFSFVY &O NFUUBOU FO EPVUF OPT DFSUJUVEFT OPVT QPVWPOT QBS DPOUSF E©DPVWSJS EF OPVWFMMFT QFSTQFDUJWFT {

-B MPHJRVF EF MB EPVCMF JEFOUJU© &O UBOU RVF N©UJT 4JEJ -BSCJ $IFSLBPVJ B US¨T WJUF DPNQSJT RVF QFSTPOOF OѳBQQBSUFOBJU  VO TFVM DMBO -B QSFVWF TDJFOUJ趑 RVF RVF MѳIPNNF FTU MF QSPEVJU EѳVOF JNNFOTF EJWFSTJU© H©O©UJRVF FTU QPVS MVJ US¨T MJC©SBUSJDF 3JFO Eѳ©UPOOBOU EPOD  DF RVF MB EJWFSTJU© UJFOOF VOF QMBDF BVTTJ DFOUSBMF EBOT TPO ýVWSF #.8.BHB[JOF

k #BCFM USBJUF EF MB SFDIFSDIF EF UFSSJUPJSF %BNJFO +BMFU FU NPJ NªNF BWPOT CFBVDPVQ BJN© USBWBJMMFS BWFD MFT TUSVDUVSFT FO BMVNJOJVN EV TDVMQ UFVS "OUPOZ (PSNMFZ 4FT DBESFT OPVT POU QFSNJT EF DS©FS UPVUF VOF T©SJF EѳFTQBDFT EJGG©SFOUT FU EF NFUUSF MJUU©SBMFNFOU MѳBSDIJUFDUVSF FO NPVWFNFOU {

k +F TVJT RVFMRVѳVO EF US¨T JOUFMMFDUVFM FU EѳBOBMZUJRVF +ѳBJ DPNNFOD© MB EBOTF QPVS ªUSF QMVT FO DPOUBDU BWFD MF QIZTJRVF -F DBSBDU¨SF DPODSFU EV DPSQT IVNBJO NF QFSNFU EF NF SBDDSPDIFS  MB S©BMJU© {

-" %"/4& -" 1&*/563& -& '005#"-- 06 .Š.& -" %‰(645"5*0/ %ѳ6/ #0/ 7*/ѿ $)"26& "$5*7*5‰ 1&65 13&/%3& 6/& %*.&/4*0/ 41*3*56&--& € $0/%*5*0/ 26ѳ0/ -& 1&3.&55&

$IFSLBPVJ FTU UFMMFNFOU QBTTJPOO© QBS TPO N©UJFS RVѳJM MVJ FTU EJGGJDJMF EF QFOTFS  BVUSF DIPTF -B MFDUVSF EF CBOEFT EFTTJO©FT MVJ QFSNFU UPVU EF NªNF EF NFUUSF TB DS©BUJWJU© k FOUSF QBSFOUI¨TFT { € TFT ZFVY MѳBVUFVS EF CBOEF EFTTJO©F MF QMVT H©OJBM EV NPOEF FTU /BPLJ 6SBTBXB k +F TVJT BVTTJ BDDSP  :PV5VCF +F QFVY QBTTFS EFT IFVSFT  DIFSDIFS TVS *OUFSOFU EFT QFUJUT GJMNT TVS MFT TVKFUT RVJ NF QBTTJPOOFOU { &OGBOU Mѳ"OWFSTPJT BJNBJU CFBVDPVQ EFTTJOFS &U  EJSF WSBJ JM DPOTJE¨SF UPVKPVST MFT NPVWFNFOUT FTRVJTT©T TVS TD¨OF DPNNF BVUBOU EF EFTTJOT ©QI©N¨SFT -B QFJOUVSF SFTUF QPVS MVJ VOF TPVSDF EѳJOTQJSBUJPO *M BJNF TѳFOUPVSFS EѳýVWSFT SF§VFT EF TFT BNJT BSUJTUFT DPNNF TPO DPODJUPZFO +PSJT .BSUFOT PV MF 1BSJTJFO +VTUJO .PSJO k +F TVJT BVTTJ CJFO T»S BUUJS© QBS EFT BSUJTUFT RVF KF OF DPOOBJT QBT QFSTPOOFMMFNFOU DPNNF Mѳ"OWFSTPJT %JNJUSJ %FTJSPO QBS FYFNQMF 4FT UBCMFBVY O©PS©BMJTUFT SFQS©TFOUBOU EFT TD¨OFT TPVWFOU CBOBMFT NF UPVDIFOU QSPGPOE©NFOU { #.8.BHB[JOF

-B CFBVU© EF MB EBOTF FU EFT BSUT EF MB TD¨OF FO H©O©SBM UJFOU QPVS $IFSLBPVJ EBOT MF SJUVFM DPMMFDUJG k $F TPOU EFT BSUT TPDJBVY $PNNF MB SFMJHJPO JMT TPOU GPOE©T TVS EFT DSPZBODFT 7PVT BUUFOEF[ EF MѳBSUJTUF RVѳJM WPVT FNN¨OF FO WPZBHF %BOT VO DFSUBJO TFOT MB SFMJ HJPO FOUFOE FMMF BVTTJ OPVT USBOTQPSUFS WFST VOF BVUSF S©BMJU© .BJT DF UZQF EѳFYQ©SJFODF QFVU BVTTJ TF WJWSF  USBWFST MB QFJOUVSF MF GPPUCBMM PV NªNF MB E©HVTUBUJPO EѳVO CPO WJO $IBRVF BDUJWJU© QFVU QSFOESF VOF EJNFOTJPO TQJSJUVFMMF  DPOEJUJPO RVѳPO MF QFSNFUUF {

Babel, le nouveau spectacle de danse de Sidi Larbi Cherkaoui, est en tournée internationale jusque fin janvier 2011. Dans cette production, le chorégraphe combine la danse moderne occidentale à différentes danses du monde entier. La troupe passera par notre pays au Singel d’Anvers les 20, 21, 22, 23 et 24 octobre et les 16, 17, 18 et 19 décembre. Pour plus d’infos : www.desingel.be.

NOUVEAU ! Systèmes Home Cinéma LIFESTYLE . Dotées du système intelligent d’intégration Unify de Bose. ®

™

Le Home Cinéma de BOSE n’a jamais été aussi simple. ®

Le son surround de Bose donne vie au Home Cinéma.

Une exclusivité de Bose. Et même si sa simplicité est appréciable,

Votre musique devient plus vibrante, vos films plus intenses, vos

c’est son réalisme audio qui vous impressionnera le plus. La techno-

retransmissions sportives plus exaltantes, vos jeux vidéo plus réalistes.

logie BOSE ADAPTiQ analyse précisément les caractéristiques exactes

Désormais, avec le nouveau système LIFESTYLE V35, il n’a jamais été

de votre pièce - sa taille, sa forme et même l’ameublement – et

aussi facile de profiter d’un son Home Cinéma haut de gamme.

personnalise votre système en conséquence pour des performances

®

®

®

optimales. Et avec BOSE link, vous pouvez écouter votre musique dans ®

Une facilité de configuration et d’utilisation révolutionnaire.

toute votre maison.

La technologie Unify intègre automatiquement jusqu’à six sources ™

audio et vidéo HD – comme votre lecteur Blu-ray Disc , votre console

Écoutez la différence de la technologie Bose.

de jeu, votre TV câblée et votre iPod – et les regroupe au sein

Bose est réputé pour ses solutions Home Cinéma époustou-

iPod est une marque déposée d’Apple Inc. aux États-Unis et dans d’autres pays.

™

d’un même système Home Cinéma simple d’utilisation.

flantes. Découvrez dès maintenant à quel point elles sont

Vous contrôlerez toutes vos sources grâce aux

simples d’utilisation.

menus de navigation clairs qui s’affichent à l’écran et à la télécommande

Demandez une démonstration chez votre revendeur agréé

intuitive. Elle est si simple que vous

Bose. Pour obtenir l’adresse du revendeur le plus proche,

saurez l’utiliser en quelques minutes.

téléphonez au 012/390800, envoyez un e-mail à info_be@bose.com ou consultez www.bosebelgium.be/revendeurs.

Pour votre musique. Pour vos films.

Pour vos jeux. Une exclusivité de Bose.

#0;"3 &9104*5*0/

(*-#&35 (&03(& © Decca/Uli Weber

+BDL 'SFBL 1JDUVSFT 5& 9 5& 1& 5&3 7" / %:$,

"WFD +BDL 'SFBL 1JDUVSFT MF EVP EѳBSUJTUFT BOHMBJT (JMCFSU (FPSHF GJE¨MF  MVJ NªNF OPVT MJWSF VOF DSJUJRVF TPDJBMF NPSEBOUF TBVQPVES©F EѳVOF GSBODIF EPTF EѳIVNPVS $FUUF OPVWFMMF T©SJF FTU  OPVWFBV DPOTUJUV©F EF DPNQPTJUJPOT GSBHNFOU©FT EFT QIPUP NPOUBHFT E©DPVQ©T  MB NBOJ¨SF EF WJUSBVY $PNNF EѳIBCJUVEF JMT Z JOU¨HSFOU MFVST QSPQSFT QPSUSBJUT NªM©T BVY OPNCSFVY TZNCPMFT BVY RVFMT JMT TPOU DPOGSPOU©T EBOT MFVS FOWJSPOOFNFOU MPOEPOJFO BSCSFT HSBGGJUJT DSVDJGJY N©EBJMMFTҀ -F S©TVMUBU EPOOF WBSJBUJPOT EF Mѳ6OJPO +BDL k -B T©SJF MB QMVT FNCM©NBUJRVF MB QMVT GJOF QIJMPTPQIJRVF NFOU MB QMVT WJPMFOUF WJTVFMMFNFOU RVF (JMCFSU (FPSHF BJFOU KBNBJT DS©©F { TFMPO MѳBVUFVS FU DSJUJRVF EѳBSU .JDIBFM #SBDFXFMM /PVT OѳBV SJPOT QV NJFVY EJSF

$0/$&35

$&$*-*" #"350-*

)¤OEFM FU TFT SJWBVY 5& 9 5& 1& 5&3 7" / %:$,

&YDFQUJPOOFMMF $FDJMJB #BSUPMJҀ $IBDVO EF TFT QSPKFUT EF TFT $% FU EF TFT DPODFSUT E©WPJMF VO BOHMF EѳBQQSPDIF TVSQSFOBOU -B EJWB JUBMJFOOF TF MBJTTF HVJEFS QBS TB HSBOEF DVSJPTJU© RVJ OF DFTTF EF MB DPOEVJSF TVS EFT DIFNJOT JOBUUFOEVT "QS¨T BWPJS BQQSJT  DPOOB®USF JM Z B BOT FOWJSPO MѳýVWSF EF )BZEO FU )¤OEFM TPVT MB CBHVFUUF EV DIFG EѳPSDIFTUSF /JLPMBVT )BSOPODPVSU MB DBOUBUSJDF FTU QBSUJF FO RVªUF EFT PSJHJOFT EF DFUUF NVTJRVF "QS¨T MFT PQ©SBT JOUFS EJUT FU MF S©QFSUPJSF EFT DBTUSBUT EV F TJ¨DMF FMMF FYQMPSF BVKPVSEѳIVJ (FPSH 'SJFESJDI )¤OEFM FU TFT SJWBVY 4PO QBSUFOBJSF  MѳPDDBTJPO EF DF DPODFSU VOJRVF FTU MF KFVOF DPOUSF U©OPS IJTQBOP BSHFOUJO 'SBODP 'BHJPMJ RVJ B E©NPOUS© EFSOJ¨SFNFOU UPVUF TB NB®USJTF FO MB NBUJ¨SF

Cancan, 2008 © Gilbert&George

-VOEJ E©DFNCSF I 4BMMF )FOSZ -F #ýVG 1BMBJT EFT #FBVY "SUT 4J WPVT ªUFT BNBUFVS Eѳ©W©OFNFOUT DVMUVSFMT FU RVF WPVT

EJTQPTF[ EF MB #.8 .PCJMJUZ $BSE WPVT C©O©GJDJF[ EF EF S©EVDUJPO TVS UPVUFT MFT QSPEVDUJPOT QSPQSFT BV #P[BS TVS TJNQMF QS©TFOUBUJPO EF WPUSF DBSUF 1PVS MF QSPHSBNNF DPNQMFU EFT BDUJWJU©T EV #P[BS TVSGF[ TVS XXX CP[BS CF 7PVT USPVWFSF[ UPVUFT MFT JOGPSNBUJPOT DPODFS

%V WFOESFEJ PDUPCSF BV EJNBODIF KBOWJFS 1BMBJT EFT #FBVY "SUT #.8.BHB[JOF

OBOU MB #.8 .PCJMJUZ $BSE DIF[ WPUSF DPODFTTJPOOBJSF #.8

1"/03"." #.8 (PMGTQPSU #.8 )PDLFZ 4DIPPM #FBDI "DUJWF -JGF

6O DBESF FU VOF BNCJBODF VOJRVFT .BMHS© BOT EѳFYJTUFODF MB #.8 (PMG $VQ SFTUF MB QMVT QSJT©F EFT DPNQ©UJUJPOT EF HPMG QPVS BNBUFVST -B T©MFDUJPO EFT QBSDPVST MѳBDDVFJM VOJRVF MF OJWFBV EѳPSHBOJTBUJPO FU MѳBNCJBODF E©DPOUSBDU©F POU UPVU QPVS T©EVJSF MFT QMVT FYJHFBOUT $F OѳFTU QBT VO IBTBSE TJ DIBRVF BOO©F QMVT EF KPVFVST Z QSFOOFOU QBSU

#.8.BHB[JOF

461&3#& $36 1063 -" #.8 (0-' $61 1PVS TB WJOHU EFVYJ¨NF ©EJUJPO MB #.8 (PMG $VQ TѳFTU BW©S©F ªUSF VO HSBOE DSV 1MVT RVF KBNBJT FMMF SFTUF MB S©G©SFODF EBOT MF NPOEF EV HPMG BNBUFVS 1MBDF BVY 趑 OBMFT OBUJPOBMF EѳBCPSE  %FBVWJMMF NPOEJBMF FOTVJUF  1IVLFU FO G©WSJFS 5 & 9 5 & $ ) 3 * 4 5 0 1 ) & 8 & & 3 5 4 1 ) 0 5 0 4 & 7 & / 5"5 5 * 5 6 % &

1S¨T EF QFSTPOOFT POU QSJT QBSU BVY UPVSOPJT EF RVBMJGJDBUJPO EF MB #.8 (PMG $VQ 0SHBOJT©FT TPVT GPSNF EF UPVSOPJT QSJW©T QBS EFT DPODFTTJPO OBJSFT UPVSOPJT EF DMVCT PV k PQFO { MFT RVBMJGJDBUJPOT TF TPOU ©UFOEVFT EѳBWSJM  TFQUFNCSF 2VFMMF RVF TPJU MB GPSNVMF MF TVDD¨T B ©U© BV SFOEF[ WPVT UBOU FO #FMHJRVF RVѳBV (SBOE %VDI© EF -VYFNCPVSH -ѳBDDVFJM TPJHO©  MѳJNBHF EV SBGGJOFNFOU EFT NPE¨MFT FYQPT©T UFMMF MB OPVWFMMF #.8 4©SJF B ©U© QBSUJDVMJ¨SFNFOU BQQS©DJ© QBS MFT QBSUJDJQBOUT 2VBOU  MB RVBMJU© EFT QSJY PGGFSUT FMMF ©UBJU  MB IBVUFVS EFT TQPOTPST 4POZ (PEJWB )´UFMT FU $BTJOPT -VDJFO #BSSJ¨SF 1©HBTF -BVSFOU 1FSSJFS 1SPEVQSFTT $BSMTCFSH FU 5BP *MT TPOU EPOD  TѳªUSF RVBMJGJ©T QPVS MB GJOBMF OBUJPOBMF EJTQVU©F QPVS MB QSFNJ¨SF GPJT TVS MF QSFTUJHJFVY QBSDPVST EV (PMG #BSSJ¨SF  %FBVWJMMF 'SBODF -FT HBHOBOUT EFT USPJT DBU© HPSJFT TѳFOWPMFSPOU QPVS MB 5IB¯MBOEF FO G©WSJFS P¹ JMT SFQS©TFOUFSPOU #.8 #FMVY MPST EF MB GJOBMF NPOEJBMF RVJ BVSB MJFV TVS MF US¨T SFOPNN© QBSDPVST EV #MVF $BOZPO (PMG $MVC %FVY ýVWSFT POU DFUUF BOO©F FODPSF C©O©GJDJ© EV TPVUJFO EFT QBSUJDJQBOUT *M TѳBHJU EF 4BNJMJB RVJ DPNCBU MB USBJUF EFT ªUSFT IVNBJOT BV OJWFBV FVSPQ©FO FU EF Mѳ"TTPDJBUJPO #FMHF EFT 1BSBMZT©T "#1 RVJ BJEF MFT QBSBMZT©T  ªUSF QMVT BVUPOPNFT

XXX CNX CF HPMGDVQ XXX CNX MV HPMGDVQ

3FNJTF EFT QSJY UPVKPVST BQQS©DJ©F EFT HBHOBOUT CJFO T»S NBJT BVTTJ EFT DPODFTTJPOOBJSFT IFVSFVY EF G©MJDJUFS QFSTPOOFMMFNFOU MFVST JOWJU©T

-B #.8 (PMG $VQ FTU US¨T BQQS©DJ©F EFT BNBUFVST -FT TQPSUJGT OF TPOU QBT MFT NPJOT FOUIPVTJBTUFT  MѳJNBHF EF MѳFOUSB®OFVS EV '$ 5XFOUF FU BODJFO HBSEJFO EF CVU EF Mѳ©RVJQF OBUJPOBMF .JDIFM 1SFVEѳIPNNF

#.8.BHB[JOF

1"/03"." #.8 (PMGTQPSU #.8 )PDLFZ 4DIPPM #FBDI "DUJWF -JGF -B SFM¨WF TFNCMF BTTVS©F QPVS MF IPDLFZ CFMHF %VSBOU Mѳ©U© MFT TUBST EF EFNBJO POU TVJWJ US¨T DPOTDJFODJFVTFNFOU MFT DPOTFJMT BWJT©T Eѳ"MBJO (FFOT FU EFT NPOJUFVST EF MB #.8 )PDLFZ 4DIPPM -B TVJUF BVY QSPDIBJOFT WBDBODFT TDPMBJSFTҀ

6/& '03."5*0/ %& )"65 /*7&"6

#.8.BHB[JOF

1 M B J T J S T E ѳ© U © 1BSJ S©VTTJ QPVS MB QSFNJ¨SF ©EJUJPO EF MB #.8 #&"$) )0$,&: &630$61 PSHBOJT©F  ,OPLLF E©CVU KVJMMFU "V QSPHSBNNF EV IPDLFZ EV TBCMF EV TPMFJM EV CFBV TQFDUBDMF FU VO QVCMJD FOUIPVTJBTUF UPVU BV MPOH EFT USPJT KPVST EF DPNQ© UJUJPO 4J MB EJTDJQMJOF FTU RVFMRVF QFV EJGG©SFOUF EF TB DPV TJOF TVS HB[PO MFT SFODPOUSFT EF CFBDI IPDLFZ OF

€ -" #.8 )0$,&: 4$)00-

MBJTTFOU QBT VOF NJOVUF EF S©QJU BVY BNBUFVST EF TQPSU -FT CBMMFT GVTFOU EѳVO D´U©  MѳBVUSF EF MB TVS GBDF EF KFV -FT KPVFVST ESJCCMFOU QMPOHFOU KPOHMFOU

-ѳFYDFMMFODF OF TѳBUUFJOU RVF QBS MF USBWBJM FU QBS VO JOWFTUJTTFNFOU JNQPSUBOU EBOT MB GPSNBUJPO 4J MB #FMHJRVF WFVU QPVSTVJWSF TB QSPHSFTTJPO BV OJWFBV JOUFSOBUJPOBM FMMF EPJU BCTPMVNFOU PGGSJS  TFT KFVOFT IPDLFZFVST MF NFJMMFVS FODBESFNFOU QPTTJCMF -B #.8 )PDLFZ 4DIPPM Z QPVSWPJU

FU UFOUFOU EFT HFTUFT UFDIOJRVFT JNQSPCBCMFT -F QVCMJD BQQS©DJF FU TF E©MFDUF EFT BDUJPOT  DIBRVF GPJT QMVT TQFDUBDVMBJSFT

5 & 9 5 & - " 6 3 & / 5 5 0 6 4 4 " * / 5 1 ) 0 5 0 4 & 7 & / 5"5 5 * 5 6 % &

-ѳBNCJBODF FTU E©UFOEVF NBJT TUVEJFVTF 1BS QFUJUT HSPVQFT MFT KFVOFT IPDLFZFVST TѳBQQMJRVFOU EBOT MFT EJGG©SFOUT BUFMJFST QSPQPT©T QBS MFT NPOJUFVST MB QMVQBSU ©WPMVBOU DIF[ OPVT FO EJWJTJPO EѳIPO OFVS 3FHSPVQ©F QBS OJWFBV MB SFM¨WF EF OPT ©RVJQFT OBUJPOBMFT USB WBJMMF EѳBSSBDIF QJFE NBJT BWFD MF TPVSJSF QPVS BN©MJPSFS TFT UFDI OJRVFT EF CBTF 1BTTFT DPOUS´MFT EF CBMMF ESJCCMFT E©NBSRVBHFT UJST BVY CVUT BVDVO HFTUF OѳFTU O©HMJH© -FT FYFSDJDFT TPOU FYQMJ RV©T NPOUS©T FU DPSSJH©T &U OPT ©MJUFT EF EFNBJO C©O©GJDJFOU EѳVO NBU©SJFM EѳFOUSB®OFNFOU BEBQU© QBSDF RVF DIBRVF E©UBJM DPNQUFҀ 1PVS "MBJO (FFOT EJSFDUFVS UFDIOJRVF EF MB #.8 )PDLFZ 4DIPPM DFT TFTTJPOT N©MBOHFOU EFT BTQFDUT UFDIOJRVFT UBDUJRVFT FU QIZTJRVFT EBOT VO DPOUFYUF MVEJRVF k /PVT FTQ©SPOT DS©FS VOF OPVWFMMF EZOBNJRVF FO QFSNFUUBOU  EFT KFVOFT RVJ OF TF D´UPJFOU CJFO TPVWFOU RVѳFO DPNQ©UJUJPO EF QBSUBHFS USPJT KPVST FOTFNCMF /PUSF CVU FTU EF E©WFMPQQFS MB EJTDJQMJOF FO JOTJTUBOU TVS MB RVBMJU© EF MѳFODBESFNFOU FU EF MB GPSNBUJPO .BJT MF GBJS QMBZ FU MF SFTQFDU PDDVQFOU CJFO T»S VOF MBSHF QMBDF $FMB SFTUF MB CBTF EV IPDLFZ { -FT TUBHFT PVWFSUT BVY FOGBOUT EF  BOT TF TPOU UFOVT EBOT TJY DMVCT S©QBSUJT BVY RVBUSF DPJOT EV QBZT *OEJBOB ,OPLLF ) $ 7JDUPSZ 8FMMJOHUPO 3 ( $ /BNVSPJT FU "SMPO )PDLFZ $MVC P¹ JMT POU  DIBRVF GPJT SFODPOUS© VO HSBOE TVDD¨T -B #.8 )PDLFZ 4DIPPM TѳFTU BJOTJ QPTJUJPOO©F EѳFNCM©F DPNNF MѳVOF EFT OPVWFMMFT S©G©SFODFT EF RVBMJU© EBOT MF QBZTBHF TQPSUJG -FT FOGBOUT TѳFO TPOU EPOO©  DýVS KPJF FU OѳPOU QBT DBDI© MFVS FOUIPVTJBTNF MPST EF MB WJTJUF EF KPVFVST EFT ©RVJQFT OBUJPOBMFT DPNNF 5PN #PPO 4JNPO (PVHOBSE FU &NJMJF 4JOJB 3JFO EF UFM RVѳVOF SFODPOUSF FU VO ©DIBOHF BWFD MFT TUBST EF OPUSF QBZT QPVS GPSHFS EF OPVWFMMFT WPDBUJPOTҀ

XXX CNXIPDLFZTDIPPM CF

&O GJOBMF MB #FMHJRVF TѳFTU JNQPT©F DIF[ MFT EBNFT FU MFT NFTTJFVST FO ©MJNJOBOU UPVUFT MFT BVUSFT OBUJPOT QBSUJDJQBOUFT MB 'SBODF MFT 1BZT #BT Mѳ&TQBHOF Mѳ"MMFNBHOF FU Mѳ"OHMFUFSSF FU E©DSPDIF EF MB TPSUF MF QSFNJFS UJUSF FVSPQ©FO EF MB EJTDJQMJOF 5PVT MFT JOHS©EJFOUT TPOU EѳPSFT FU E©K S©VOJT QPVS QS©QBSFS VOF EFVYJ¨NF ©EJUJPO FODPSF QMVT SFMFW©F

XXX CNXCFBDIIPDLFZ DPN

#.8.BHB[JOF

"$5*7& -*'&

#.8.BHB[JOF

5 TIJSU IPNNF DPUPO CMFV GPOD© 4  99- FVSPT 5 TIJSU KVOJPS DPUPO CMFV GPOD© FVSPT 7FTUF GFNNF BWFD DBQVDIPO DPUPO ©MBTUIBOOF CMBOD DS¨NF 94  9- FVSPT 1PMP IPNNF DPUPO CMFV 4  99- FVSPT 1PMP IPNNF DPUPO CSVO OPJS 4  99- FVSPT 7FTUF IPNNF BWFD DBQVDIPO DPUPO ©MBTUIBOOF CSVO OPJS 4  99- FVSPT 4XFBU TIJSU KVOJPS BWFD DBQVDIPO DPUPO CMFV FVSPT 5 TIJSU GFNNF DPUPO ©MBTUIBOOF CMBOD DS¨NF 94  9- FVSPT

6/& +0*&

/"563&--& 5 & 9 5 & % * 3 , 4 $ ) 0 0 ' 4

7PUSF KPJF FTU DPOUBHJFVTF FU TF USBOTNFU  WPUSF FOUPVSBHF -B OPVWFMMF MJHOF +0: EF MB DPMMFDUJPO "DUJWF -JGF WPVT DPOG¨SF VO MPPL TQPSUJG FU EZOBNJRVF -FT DPVQFT TPOU NPEFSOFT MFT UJTTVT IBVU EF HBNNF FU MFT GJOJUJPOT TPJHO©FT QPVS VOF BMMVSF ©M©HBOUF FU TUZM©F -F TPVDJ EF EVSBCJMJU© FTU QSPGPOE©NFOU BODS© EBOT MB E©NBSDIF #.8 DPNNF VOF NBOJ¨SF EF WJWSF 5PVUFT MFT NBUJ¨SFT FU MFT QSPDFTTVT EF QSP EVDUJPO QPUFOUJFMMFNFOU OPDJGT QPVS MѳFOWJSPOOFNFOU POU ©U© S©TPMVNFOU ©DBSU©T EF DFUUF OPVWFMMF #.8 $PMMFDUJPO -FT WªUFNFOUT FO DPUPO TPOU GBCSJRV©T FYDMVTJWFNFOU FO DPUPO PSHBOJRVF MFT WFTUFT GMFFDF FO CPVUFJMMFT 1&5 SFDZDM©FT .ªNF MFT QSPEVJUT EѳFOUSFUJFO /BUVSBM $BSF OF TPOU DPOTUJ UV©T RVF EF NBUJ¨SFT PSHBOJRVFT 6OF KPJF UPVUF OBUVSFMMF

-B HBNNF /BUVSBM $BSF #.8 5SPMMFZ #BH +0: QPJHO©F U©MFTDPQJRVF S©HMBCMF SPVFT BOUJ CSVJU OPJS FVSPT #.8 .FTTFOHFS #BH DBSUBCMF QSPUFDUJPO 1$ EPVCM© OPJS BWFD OPNCSFVY DPNQBSUJNFOUT FVSPT

-FT QSPEVJUT EѳFOUSFUJFO TPOU FVY BVTTJ ©DPMPHJRVFT *MT DPOUJFOOFOU EFT TVCT UBODFT OBUVSFMMFT FU TPOU EPOD UPUBMFNFOU CJPE©HSBEBCMFT "JOTJ MF OFU UPZBOU WJUSFT QBS FYFNQMF DPOUJFOU EV TVDSF EF MѳBMDPPM CJPMPHJRVF FU EV DJUSPO

/FUUPZBOU WJUSFT NM FVSPT 4IBNQPPJOH BVUP NM FVSPT $JSF BVUP NM FVSPT 1PMJTI BVUP NM FVSPT /FUUPZBOU EѳJOU©SJFVS NM FVSPT -BWF HMBDF DPODFOUS© NM FVSPT

#.8.BHB[JOF

-" 1&

-B QSFNJ¨SF #.8 3 ( 4 OѳFTU QBT QFV GJ¨SF EF TFT WJDUPJSFT FO SBMMZFT -F OPN EѳVO SBMMZF EF M©HFOEF CSJMMF EF NJMMF GFVY TVS TPO S©TFSWPJS

#.8.BHB[JOF

.05033"%

&3'&$5*0/ " "/4 &O NBJ MF NPOEF EFT NPUPT B W©DV VOF WSBJF S©WPMVUJPO #.8 MBO§BJU EBOT MF TVE EF MB 'SBODF MB #.8 3 ( 4 MB QSFNJ¨SF FOEVSP SPVUJ¨SF %FQVJT #.8 S¨HOF FO NB®USF TVS DFUUF DBU©HPSJF 5 & 9 5 & + 0 0 4 5 $ 6 4 5 & 3 4

-B #.8 3 (4 FTU MB OPVWFMMF QFSGFDUJPO FO NBUJ¨SF EѳFOEVSPT SPVUJ¨SFT

#.8.BHB[JOF

-ѳ©WPMVUJPO EFT NPUPT EF DPNQ©UJUJPO BVY NPUPT EF T©SJF B DPOTUJUV© VO TBDS© E©GJ QPVS MFT JOH©OJFVST EF #.8 " QFJOF NPJT BQS¨T MB QS©TFOUBUJPO EF MB #.8 3 ( 4  MB EJSFDUJPO EF #.8 MF NPOEF QPVWBJU E©K E©DPVWSJS DFUUF NPUP S©WPMVUJPOOBJSF

1VS QMBJTJS PV E©NPOTUSBUJPO EFT RVBMJU©T EF DPOEVJUF EF #.8 .PUPSSBE -FT NPUPT FOEVSP EF #.8 BTTPDJFOU QMBJTJS EF DPOEVJUF FU JOOP WBUJPOT UFDIOPMPHJRVFT

"7&$ -& -"/$&.&/5 %& -" #.8 3 ( 4 #.8 .05033"% " $3‰‰ /0/ 4&6-&.&/5 6/ 4&(.&/5 %& ."3$)‰ ."*4 "644* 6/ 5065 /067&- "35 %& 7*73&

-ѳIJTUPJSF EV TQPSU IPST QJTUF DIF[ #.8 SFNPOUF  MB UPVUF QSFNJ¨SF NPUP #.8 MB #.8 3 EF "V DPVST EFT IVJU E©DFOOJFT RVJ POU TVJWJ MFT QJMPUFT #.8 POU SFNQPSU© EFT WJDUPJSFT TQFDUBDVMBJSFT BVY RVBUSF DPJOT EV NPOEF EFT 4JY %BZT EFT BOO©FT  MB RVBESVQMF WJDUPJSF BV %BLBS -F QBMNBS¨T EFT NPUPT FOEVSP #.8 FTU JNQSFTTJPOOBOU " MB GJO EFT BOO©FT MFT JOH©OJFVST #.8 UPVKPVST TPVDJFVY EѳFYQMPSFS EF OPVWFMMFT DPOUS©FT DPOTUSVJTFOU VO QSPUPUZQF IPNPMP HBCMF QPVS MB QJTUF DPNNF QPVS MB SPVUF FU EPU© EF DBSBDU©SJTUJRVFT EF DPOEVJUF FYDFMMFOUFT $F QSPUPUZQF ©UBJU E©K TJ S©VTTJ RVF MB EJSFD UJPO EF #.8 .PUPSSBE EPOOB JNN©EJBUFNFOU TPO GFV WFSU QPVS VOF NJTF FO QSPEVDUJPO #.8 QVU QS©TFOUFS MF S©TVMUBU BV HSBOE QVCMJD FO NPJOT EF NPJT &U CPVMFWFSTFS EF GPOE FO DPNCMF MF QFUJU NPOEF EFT EFVY SPVFT NPUPSJT©FT 5SFOUF BOT QMVT UBSE #.8 FTU FODPSF FU UPVKPVST MB NBSRVF EF S©G©SFODF EBOT MF TFHNFOU EFT NPUPT FOEVSP -B NBSRVF JOWFTUJU TBOT SFM¢DIF EBOT MFT JOOPWBUJPOT UFDIOPMPHJRVFT UBOU TVS MF QMBO EFT TPVSDFT Eѳ©OFSHJF EF MB T©DVSJU© RVF EFT RVBMJU©T EF DPOEVJUF -FT RVBMJGJDBUJGT ѲFGGJDBDFѳ FU ѲEZOBNJRVFѳ TPOU TPMJEF NFOU BODS©T EBOT MB NJTTJPO EF #.8 -ѳJOUSPEVDUJPO E¨T QBS #.8 EV NPOPMFWFS ѭ VOF TVTQFOTJPO BSSJ¨SF S©WPMVUJPOOBJSF  Mѳ©QPRVF ѭ MBJTTB QBOUPJT UPVT MFT DPOOBJT TFVST #.8 GVU MB QSFNJ¨SF NBSRVF  QSPEVJSF MF TZTU¨NF FO T©SJF &U BWFD TFT UFDIOPMPHJFT JOOPWBOUFT #.8 BMMBJU S©HVMJ¨SFNFOU PDDVQFS MF EFWBOU EF MB TD¨OF FU BUUJSFS MFT SFWVFT TQ©DJBMJT©FT $ѳFTU MF DBT FO ©HBMFNFOU RVBOE MB #.8 3 (4 GBJU TB HSBOEF FOUS©F FO UBOU RVF QSFNJ¨SF FOEVSP EPU©F EV NPUFVS RVBUSF TPVQBQFT DPN NFSDJBMJT© MѳBOO©F QS©D©EFOUF "WFD DFU JNQPTBOU NPE¨MF #.8 .PUPSSBE B EPOO©  OPVWFBV MF UPO EBOT MF TFHNFOU EFT FOEVSPT #.8.BHB[JOF

"WFD TB TVTQFOTJPO JOOPWBOUF FU TPO NPUFVS QVJTTBOU FU QFSGPSNBOU FMMF PGGSBJU VOF NBOJBCJMJU© IPST QJTUF DPNCJO©F  EѳFYDFMMFOUFT RVBMJ U©T SPVUJ¨SFT -FT EFSOJ¨SFT O©FT EF MB GBNJMMF MB #.8 ' (4 FU MB #.8 ' (4 QSPQPTFOU ©HBMFNFOU BWFD MFVS NPUFVS CJDZMJOESF FO MJHOF SFGSPJEJ QBS FBV FU MѳFOUSB®OFNFOU QBS DIB®OF TVS MB SPVF BSSJ¨SF VOF TFOTBUJPO QVSFNFOU FOEVSP EBOT MF NJMJFV EF MB HBNNF #.8 .PUPSSBE RVF DF TPJU TVS BTQIBMUF TVS HSBWJFST PV FO IPST QJTUF UPUBM &OUSF UFNQT MB NBJTPO B DPOUJOV©  FOHSBOHFS MFT TVDD¨T TQPSUJGT BWFD OPUBNNFOU RVBUSF WJDUPJSFT EBOT MF QMVT EJGGJDJMF SBMMZF BV NPOEF MF %BLBS 6O SBMMZF EѳBJMMFVST SFNQPSU© FO FU QBS OPUSF DPNQBUSJPUF (BTUPO 3BIJFS

4‰3*& 41‰$*"-& Ѳ :&"34 (4ѳ

1PVS GªUFS DFU BOOJWFSTBJSF #.8 .PUPSSBE MBODF VOF T©SJF EF NPE¨ MFT TQ©DJBVY CBQUJT©T Ѳ :FBST (4ѳ 5PVT MFT NPE¨MFT TPOU QFJOUT EBOT MB DPVMFVS MBRV©F FYDMVTJWF "MQJOXFJTT FU QPVSWVT EFT DPVMFVST #.8 .PUPSTQPSU IJTUPSJRVFT &O PVUSF MF MPHP (4 FO USPJT EJNFO TJPOT US´OF EF QBSU FU EѳBVUSF EFT NPUPT FU MF S©TFSWPJS FTU BHS©NFOU© EF MѳJOTDSJQUJPO Ѳ :FBST (4ѳ

BMW recommande Castrol

C’EST PLUS QU’UN SIMPLE BOUCHON DE CARTER.

C’EST UNE RECOMMANDATION. Les lubrifiants Castrol sont recommandés par BMW depuis plus d’une décennie. En 10 ans, des millions de voitures du Groupe BMW ont été fabriqué avec des bouchons de carter portant la mention « BMW recommande Castrol ».

Les lubrifiants Castrol de dernière génération pour les voitures du Groupe BMW ont été développé en étroite collaboration avec BMW pour obtenir le mélange parfait de performance et de fiabilité. Ils soutiennent complètement le programme BMW EfficientDynamics pour réduire la consommation de carburant et les émissions de CO2.

La prochaine fois que vous ferez votre vidange ou votre appoint d’huile, souvenez vous que BMW recommande les lubrifiants Castrol.

26* &45 #"35 .".1"&: -F QBUSPOZNF .BNQBFZ OѳFTU QBT JODPOOV EBOT MF NJMJFV EF MB DPVSTF BVUPNPCJMF -F Q¨SF +VMJFO .BNQBFZ B SFNQPSU©  QMVTJFVST SFQSJTFT MFT )FVSFT EF 4QB BWFD TPO ©RVJQF +VNB " MB GJO EFT BOO©FT OPOBOUF #BSU B SFQSJT MF GMBNCFBV TPVT TPO QSPQSF OPN 3#.

"QS¨T BWPJS QSJT QBSU  MB #.8 $PNQBDU $VQ DIF[ OPVT FU  VO QSPHSBNNF BN© SJDBJO BWFD #.8 3#. TѳFTU FOHBH© FO $IBNQJPOOBU Eѳ&VSPQF EFT WPJUVSFT EF UPVSJTNF &5$$ RVJ FTU EFWFOV QMVT UBSE MF 85$$ 3#. B SFNQPSU© Mѳ&5$$ FO FU MF 85$$ EF  DPNQSJT

6 "

3 * 3 3#. $06

#.8.BHB[JOF

& 53067& #"35 .".1"&: 4 ( */ "$ 3 .

3# & % -ѳ"5&-*&3 /5& -& */&4 3#. 3&13‰4& ". & % 6& *& /4 #" " %"/4 #.8 4* &/("(‰& 9 &6 % &4 63 10 & "3 '*3.".&/5 #&-( /4)*1 &5 1*-05‰&4 1 0 1* ". $) 3 $" ( */ &/ 803-% 5063 (6450 '"3'64 "/%: 13*"6-9 &5 "6 5&95& +0045

$645&34

" * % / 0 .

6 /*7&" $FMB GBJU QMVTJFVST BOO©FT RVF MF UFBN CFMHF SFQS©TFOUF #.8 FO 85$$ 8PSME 5PVSJOH $BS $IBNQJPOTIJQ VO EFT RVBUSF DIBNQJPOOBUT EV NPOEF BQQSPVW©T QBS MB '*" 0SJHJ OBJSF EF .BMJOFT #BSU .BNQBFZ FTU QBTTJPOO© EF TQPSU BVUP NPCJMF EFQVJT TB QMVT UFOESF FOGBODF *M OѳB UPVKPVST FV RVѳVO TFVM PCKFDUJG ªUSF MF NFJMMFVS *OH©OJFVS EF GPSNBUJPO JM TBJU RVF ѲMѳPCKFDUJG TVQSªNFѳ OF TѳBUUFJOU RVѳBV QSJY EѳVOF BUUFOUJPO NJOVUJFVTF QPVS MFT E©UBJMT FU EѳVOF BOBMZTF BQQSPGPOEJF 4FVMT MFT DPODVSSFOUT RVJ QMBDFOU MB CBSSF BVTTJ IBVU QFV WFOU DPORV©SJS USPJT GPJT EF TVJUF MF UJUSF NPOEJBM FYBDUFNFOU DPNNF 3#. MѳB GBJU FO FU -F 85$$ FTU VOF DPVSTF EF WJUFTTF EBOT MBRVFMMF TѳBGGSPOUFOU MFT WPJUVSFT EF UPVSJTNF RVBUSF QPSUFT 3#.

B ©U© TBDS©  USPJT SFQSJTFT BWFD MF #SJUBOOJRVF "OEZ 1SJBVMY &O KVJO EF DFUUF BOO©F Mѳ©RVJQF TѳFTU QSPEVJUF  EPNJDJMF MPST EFT NBODIFT CFMHFT EJTQVU©FT TVS MF USBD© EF ;PMEFS "OEZ 1SJBVMY B SFNQPSU© EFWBOU VO QVCMJD FOUIPVTJBTUF MB EFVYJ¨NF DPVSTF 6/ .0%ˆ-& 45"/%"3% Ѳ$033*(‰ѳ k -FT WPJUVSFT EF UPVSJTNF TPOU BTTF[ QSPDIFT EFT WPJUVSFT EF T©SJF { FYQMJRVF #BSU .BNQBFZ k 1PVS NPOUFS VOF WPJUVSF EF DPNQ©UJUJPO #.8 QSFOE DPNNF CBTF MB #.8 TJ FO HBSEBOU MF NªNF DI¢TTJT MF NªNF NPUFVS FU MB NªNF

TVTQFOTJPO -FT S¨HMFNFOUT EF DPVSTF BVUPSJTFOU DFSUBJOFT BEBQUBUJPOT TQ©DJGJRVFT 0O QPVSSBJU MFT RVBMJGJFS EF ѲDPSSFD UJPOTѳ CJFO RVѳJM OF TѳBHJTTF QBT EF USBOTGPSNFS MF W©IJDVMF FO QSPUPUZQF /PUSF #.8 4©SJF FO 85$$ FTU UPUBMFNFOU EJGG©SFOUF QBS FYFNQMF EF MB #.8 . (5 RVJ B DPVSV -F .BOT /PVT TPNNFT CFBVDPVQ QMVT MJNJU©T EBOT OPT BEBQ UBUJPOT UFDIOPMPHJRVFT FU TPNNFT E¨T MPST CFBVDPVQ QMVT QSPDIFT EV QSPEVJU EF CBTF $ѳFTU DF RVJ SFOE MF E©GJ FODPSF QMVT JOU©SFTTBOU { k /PUSF ©RVJQF TѳJOH©OJF  SFOESF MB WPJUVSF UPVKPVST QMVT EZOBNJRVF FU FGGJDBDF /PUSF E©NBSDIF FTU FO QBSGBJU BDDPSE BWFD MB QIJMPTPQIJF EF #.8 &GGJDJFOU%ZOBNJDT $IF[ OPVT MB EJSFDUJPO BTTJTU©F QBS FYFNQMF FTU DPVQ©F TVS MB MJHOF ESPJUF QPVS HBHOFS FODPSF QMVT EF QVJTTBODF { &O 85$$ MB QBSU EV W©DV FTU DFOUSBMF 3©HVMJ¨SFNFOU EFT I´UFT EF NBSRVF FU EFT GBOT TPOU JOWJU©T  QSFOESF QMBDF  D´U© EѳVO QJMPUF EV UFBN #.8 QPVS VO UPVS EF QJTUF  UPN CFBV PVWFSU k *MT FO SFWJFOOFOU JNQSFTTJPOO©T "OEZ 1SJBVMY FU "VHVTUP 'BSGVT SPVMFOU  GPOE FU OPT JOWJU©T TPOU TJE©S©T MPSTRVѳJMT DPOTUBUFOU KVTRVѳP¹ PO QFVU BMMFS BWFD VOF #.8 EF T©SJF {  D´U© EF MB ' FU EFT $IBNQJPOOBUT EV NPOEF EFT 3BMMZFT 83$

FU '*" (5

$FMB GBJU EFT BOO©FT RVF #BSU .BNQBFZ FTU GJE¨MF  #.8 0O SFUSPVWF MB NªNF DPOGJBODF FU MB NªNF DPMMBCPSBUJPO BV MPOH DPVST EBOT MB SFMBUJPO RVJ MѳVOJU  TFT QJMPUFT MF #SJUBOOJRVF USJQMF DIBNQJPO EV NPOEF "OEZ 1SJBVMY FU MF #S©TJMJFO "VHVTUP 'BSGVT

#.8.BHB[JOF

.*-&4 %& 3Š7& &/53& # -ѳ‰5‰ %&3/*&3 -& #.8 #"7"3*" $-6# #&-(*26& " 03("/*4‰ 6/& Ѳ.*--& .*(-*"ѳ 1063 %ѳ"/$*&//&4 #.8 5& 9 5& +0045 $645&34 1)0504 #. 8 #"7" 3* " $-6# #&-( *26&

4 V S M F E S P J U D I F N J O B W F D M B Ѳ ' S F D D J B 3P T T B ѳ -FT ѲGSFDDJF SPTTFѳ PV 趒 ¨DIFT SPVHFT TPOU MѳFNCM¨NF EFT .JMMF .JHMJB $FT 趒 ¨DIFT RVJ KBMPOOFOU MF QBSDPVST WJMMBHF BQS¨T WJMMBHF JOEJRVFOU MB SPVUF BVY QBSUJDJQBOUT

#.8.BHB[JOF

3&4$*" &5 30.& -B Ѳ .JMFTѳ PSHBOJT©F QBS 4UFGBO +BDPCT EBOT MB #.8 WFSU QBTUFM B FNQSVOU© MFT NªNFT QFUJUFT SPVUFT RVF MF D©M¨CSF SBMMZF JUBMJFO

$PNNF MѳBVUIFOUJRVF .JMMF .JHMJB OѳFTU QBT PVWFSUF  UPVT MFT W©IJDVMFT MFT DPOEVDUFVST #.8 BV E©QBSU EF DFUUF CFMMF BMUFSOBUJWF FO POU TBWPVS© DIBRVF WJSBHF $BSQF EJFN FO #.8 ; TVS MFT SPVUFT JUBMJFOOFT

k 1BSDF RVF Dѳ©UBJU VO NPNFOU IJTUPSJRVF QPVS #.8 { S©QPOE 4UFGBO +BDPCT PSHBOJTBUFVS EF MB Ѳ'SFDDJB 3PTTBѳ MPSTRVѳPO MѳJOUFSSPHF TVS MFT SBJ TPOT RVJ MѳPOU QPVTT©  NPOUFS VO UFM SBMMZF *M Z B BOT FO FGGFU VOF #.8 SFN QPSUBJU MB .JMMF .JHMJB MѳVOF EFT QMVT D©M¨CSFT DPVSTFT BVUPNPCJMFT EѳFOEVSBODF BV NPOEF -B WPJUVSF QPSUBJU BMPST MF OVN©SP Ҁ k %F CPOOFT SBJTPOT QPVS NFUUSF TVS QJFE BWFD MѳBJEF EF NB GFNNF ,BSJO FU EFT NFNCSFT EV #.8 #BWBSJB $MVC #FMHJ RVF VOF JOJUJBUJWF IPST EV DPNNVO VO SBMMZF MF MPOH EFT SPVUFT QJUUPSFTRVFT SFMJBOU #SFTDJB  3PNF FU SFUPVS ѭ MF QBSDPVST EFT .JMMF .JHMJB ѭ BWFD EѳBODJFOOFT #.8 { "V CPVU EF EFVY BOT EF QS©QBSBUJPO #.8 ©UBJFOU BV E©QBSU MF KVJMMFU EFS OJFS BV .VT©F .JMMF .JHMJB EѳVO SBMMZF JOPVCMJBCMF EF TFQU KPVST TJMMPOOBOU MFT QMVT CFMMFT SPVUFT EV OPSE EF Mѳ*UBMJF k /PNCSF EF QBSUJDJQBOUT POU BMJHO© EFT NPE¨MFT DPNNF MB #.8 PV MB #.8 ; RVJ OF TPOU QMVT BVUPSJT©T  QBSUJDJQFS  MѳBDUVFMMF .JMMF .JHMJB US¨T FYDMVTJWF { DPOGJF +BDPCT k /PVT WPVMJPOT QMPOHFS MFT QBSUJDJQBOUT EBOT MѳBNCJBODF EѳBOUBO  CPSE EF WPJUVSFT EF DPMMFDUJPO { -ѳJUJO©SBJSF EF DFUUF 'SFDDJB 3PTTB ©UBJU CBT© TVS MF SPBECPPL EF Mѳ©EJUJPO EF MB .JMMF .JHMJB k /PVT BWPOT DIPJTJ MFT TJUFT MFT QMVT CFBVY PV MFT QMVT DIBSH©T EѳIJTUPJSF QPVS EPOOFS VOF EJNFOTJPO TVQQM©NFOUBJSF BV SBMMZF /PVT Z BWPOT BKPVU© VOF EPTF KPVS OBMJ¨SF EF DVMUVSF MPDBMF { -F OPNCSF EF WPJUVSFT B ©U© MJNJU©  MFT QMBDFT ©UBOU DPNQU©FT EBOT MFT NFJMMFVST I´UFMT FU SFTUBVSBOUT -B QSPDIBJOF ©EJUJPO FTU QS©WVF QPVS Mѳ©U©

XXX CNXCBWBSJBDMVC CF

#.8.BHB[JOF

." #.8

'*$)& 5&$)/*26&

#.8 13013*‰5"*3&

,"3- %& -004& "//‰& %& $0/4536$5*0/ /0.#3& %& ,.

16*44"/$& $) 7*5&44& ."9*."-& ,. )

#.8 163 4"/(

k -FT WPJUVSFT TPOU GBJUFT QPVS SPVMFS { QSPGFTTF ,BSM EF -PPTF BOT DMFSD EF OPUBJSF FU BNBUFVS QVS TBOH EF #.8 %BOT TPO HBSBHF  .FMTFMF DF QBTTJPOO© B OPO TFVMFNFOU VOF #.8 EF NBJT BVTTJ VOF #.8 QPVS TPO ©QPVTF FU VOF #.8 QMVT S©DFOUF -FT USPJT BVUPNPCJMFT TPOU VUJMJT©FT RVPUJ EJFOOFNFOU .BJT MB #.8 BVSB UPVKPVST TB QS©G©SFODF 5&95& +0045 $645&34 1)0504 5)0."4 %& #0&7&3 #.8.BHB[JOF

%JY BOT FOWJSPO T©QBSFOU DFT EFVY H©O©SBUJPOT EF #.8 MB #.8 FU MB #.8

k "EPMFTDFOU KF USBWBJMMBJT QFOEBOU MFT WBDBODFT EBOT MB DPODFTTJPO #.8 +VNB  .BMJOFT $ѳFTU M RVF KF TVJT UPNC© BNPVSFVY EF DFT BVUPNP CJMFT { DPOGJF ,BSM %F -PPTF k .PO Q¨SF Z BDIFUBJU TFT WPJUVSFT FU KѳZ BJ QBTT© EFT NPNFOUT GPSNJEBCMFT %F GJM FO BJHVJMMF DѳFTU EFWFOV QSFTRVF VOF TFDPOEF OBUVSF +ѳBJ FV NPO QFSNJT EF DPOEVJSF KѳBJ BDIFU© NB QSFNJ¨SF #.8 FU QVJT BQS¨T QMVTJFVST NPE¨MFT ѲNPEFSOFTѳ KѳBJ DIBOH© NPO GVTJM Eѳ©QBVMF FU KF TVJT QBTT© BVY BODJFOOFT BVUPNPCJMFT " VO NPNFOU EPOO© EF WPUSF WJF WPVT QBSUF[ FO RVªUF EFT W©IJ DVMFT RVJ POU KBMPOO© WPUSF KFVOFTTF 1PVS NPJ JM TѳBHJTTBJU TVSUPVU EF MB #.8 +ѳBJ PQU© GJOBMF NFOU QPVS VOF #.8 QBSDF RVF MF NPE¨MF RVF KѳBJ E©OJDI© ©UBJU FO FYDFMMFOU ©UBU { -B #.8 RVF ,BSM %F -PPTF B BDIFU©F FO OѳBWBJU DPOOV RVѳVO TFVM QSPQSJ©UBJSF k -ѳBVUP NPCJMF B ©U© GBCSJRV©F FO FU SFUJS©F EF MB DJSDV MBUJPO E¨T .B #.8 OѳB KBNBJT ©U© SFTUBVS©F FMMF NBSDIBJU UPVKPVST QBSGBJUFNFOU +ѳBJ ©HBMFNFOU E©DPVWFSU EBOT MB WPJUVSF EF OPNCSFVY PCKFUT BQQBSUFOBOU  MѳBODJFO QSPQSJ©UBJSF DF RVJ MB SFOE US¨T TQ©DJBMF  NFT ZFVY &O PVUSF NPO ©QPVTF FU NPJ NªNF OPVT OPVT TPNNFT NBSJ©T EBOT DFUUF WPJUVSF $FUUF #.8 SFTUFSB EPOD UPVKPVST EBOT OPT WJFT { ,BSM %F -PPTF OѳB UPVUFGPJT SJFO EѳVO DPMMFDUJPO OFVS 4FT USPJT #.8 OѳPOU QBT MF UFNQT EF QSFOESF MB QPVTTJ¨SF k 2VBOE PO B MB DIBODF EF QPTT©EFS EF UFMMFT BVUPNPCJMFT DF TFSBJU TBDSJM¨HF RVF EF OF QBT TѳFO TFSWJS .PO ©QPVTF FU NPJ NªNF SPVMPOT UPVT MFT KPVST ©U© DPNNF IJWFS BWFD OPT USPJT #.8 IJTUP SJRVFT 0VUSF MB #.8 OPVT BWPOT VOF #.8 CP®UF BVUPNBUJRVF  USPJT SBQQPSUT ©HB MFNFOU EѳPSJHJOF FU VOF #.8 RVF OPVT BWPOT FOUJ¨SFNFOU SFTUBVS©F EFSOJ¨SFNFOU BQS¨T BOO©FT EF MPZBVY TFSWJDFT &MMF BVTTJ QSFOESB CJFOU´U MB SPVUF

-FT TQMFOEJEFT E©UBJMT EF MB #.8 ©MVF NFJMMFVSF CFSMJOF MJUSFT EF TPO ©QPRVF QBS MF 3PBE 5SBDL CSJUBOOJRVF EF QPVS TFT FYDFMMFOUFT RVBMJU©T EF SPVUJ¨SF OPUBNNFOU

,BSM %F -PPTF BQQMJRVF TPO DSFEP k -FT WPJUVSFT TPOU GBJUFT QPVS SPVMFS QBT QPVS SFTUFS BV HBSBHF { #.8.BHB[JOF

4‰$63*5‰ 26&45*0/4 € -ѳ&91&35

%&4 ."-&/5&/%64 26* 0/5 -" 7*& %63& 463 -" $0/%6*5& 463 -" /&*(& 5 & 9 5 & " - & 9 7 " / % & / # & 3 ( ) & 10353"*5 5)0."4 %& #0&7&3

-" $0/%6*5& 463 /&*(& &45 %"/(&63&64& 10670/4 /064 26"/% .Š.& 13&/%3& -" 3065& 26"/% *- /&*(&

BOOZ +BOTTFOT FTU MѳJOTQFDUFVS % QSJODJQBM DFSUJ趑 © EV #.8 %SJWFS 5SBJOJOH EFQVJT BOT XXX CNX CF ESJWFS USBJOJOH XXX CNX MV ESJWFS USBJOJOH CNX ESJWFSUSBJOJOH!CNX CF CNX ESJWFSUSBJOJOH!CNX MV

$FSUBJOFNFOU NBJT DFT DPOEJUJPOT SFRVJ¨ SFOU VOF BUUFOUJPO QBSUJDVMJ¨SF %F OPNCSFVY DPOEVDUFVST TPOU DSJTQ©T QBS MB QFVS FU DѳFTU QS©DJT©NFOU DF RVѳJM GBVU ©WJUFS 4VS MB OFJHF MFT NPVWFNFOUT EF EJSFDUJPO EPJWFOU TF E©SPVMFS BV SBMFOUJ /F TFSSF[ QBT MF WPMBOU EF UPVUFT WPT GPSDFT NBJT DPOEVJTF[ BWFD EFT k HBOUT EF WFMPVST { 5PVU HFTUF CSVTRVF MPST EѳVO GSFJOBHF EѳVOF NBOýVWSF EF EJSFDUJPO PV EѳVOF BDD©M©SBUJPO QFVU QSPWPRVFS VO E©SBQBHF $POEVJSF FTU VOF DIPTF E©NBSSFS FO FTU VOF BVUSF 7FJMMF[  HBSEFS MFT SPVFT QBSGBJUFNFOU ESPJUFT RVBOE WPVT ªUFT  MѳBSSªU FU E©NBSSF[ &U FOHBHF[ US¨T WJUF VO SBQQPSU TVQ©SJFVS *M BSSJWF RVF MFT SPVFT QBUJOFOU FO E©NBSSBOU EBOT MB OFJHF MB CPVF PV MF HSBWJFS -F %4$ %ZOBNJD 4UBCJMJUZ $POUSPM QS©WJFOU DF QBUJ

OBHF EFT SPVFT RVJ WPVT FNQªDIF EѳBWBO DFS -B TPMVUJPO FTU MѳFODMFODIFNFOU EF MB GPODUJPO %5$ %ZOBNJD 5SBDUJPO $POUSPM

&MMF QS©TFSWF MB NPUSJDJU© EF MB WPJUVSF Z DPNQSJT TVS EFT SFWªUFNFOUT HMJTTBOUT 4J WPVT VUJMJTF[ EFT DIB®OFT MB GPODUJPO %5$ FTU EѳBJMMFVST VO NVTU

" 5 0/ &/$03& #&40*/ %& 1/&64 /&*(& "7&$ Y%3*7& "CTPMVNFOU 6OF WPJUVSF ©RVJQ©F EV Y%SJWF B BVTTJ CFTPJO EF QOFVT OFJHF -F DPODFQU EF USBOTNJTTJPO JOU©HSBMF FTU JOU©SFTTBOU BV E©NBSSBHF FU FO DPOEVJUF NBJT OF GBJU BVDVOF EJGG©SFODF QBS SBQQPSU  VOF WPJUVSF  EFVY SPVFT NPUSJDFT BV NPNFOU EV GSFJOBHF -F Y%SJWF QFVU SFOGPSDFS MB T©DVSJU© EBOT EF GPSUFT EFTDFOUFT *M TVGGJU EѳBDUJWFS MB GPODUJPO )%$ )JMM %FTDFOU $POUSPM QPVS RVF MB WPJ UVSF DPOUS´MF UPVUFT MFT GPODUJPOT EF NBOJ¨SF  FGGFDUVFS VOF EFTDFOUF US¨T T»SF  WJUFTTF MJNJU©F

%ѳ"653&4 $0/4&*-4 463 -" $0/%6*5& 1"3 5&.14 %& /&*(&

%FT QOFVT IJWFS QMVT TPMMJDJU©T -FT QOFVT IJWFS TPOU DPOGSPOU©T  MѳFBV FU  MB OFJHF TVS MB SPVUF "趑 O EF DPOTFSWFS VOF BEI©SFODF TVG趑 TBOUF MѳVTVSF EFT QOFVT EPJU ªUSF JOG©SJFVSF  QPVS DFOU *MT EPJWFOU BWPJS VOF QSPGPOEFVS EF TDVMQUVSF NJOJNBMF EF NN DPOUSF NN EBOT MF DBT EѳVO QOFV DPOWFOUJPOOFM #.8.BHB[JOF

"WBOU EF QSFOESF MB SPVUF W©SJGJF[ MB QSFTTJPO EF WPT QOFVT IJWFS -B QSFTTJPO EF QOFVT IJWFS EJGG¨SF EF DFMMF EѳBVUSFT QOFVT 7PZF[ MF NPOUBOU EF WPUSF QPSUJ¨SF /F QSFOF[ KBNBJT MB SPVUF BWFD EFT DIB®OFT RVF WPVT OѳBWF[ QBT UFTU©FT BV QS©BMBCMF &U QPTF[ UPVKPVST MFT DIB®OFT TVS MFT SPVFT BSSJ¨SF Z DPNQSJT BWFD MF TZTU¨NF Y%SJWF 3BMFOUJTTF[ BWBOU MF WJSBHF QBT EBOT MF WJSBHF &U EFSOJFS DPOTFJM EBOT MB OFJHF PO QFVU DPOEVJSF TVS MF WFSHMBT QBT %BOT DF DBT SFTUF[ DIF[ WPVT PV TJ WPVT ªUFT TVS MB SPVUF DIFSDIF[ JNN©EJBUFNFOU VO QBSLJOH

B. V. B. A. Küppersbusch S. P. R. L. Z. 3 Doornveld 121, B-1731 Zellik Tel.: (02) 466 87 40, Fax: (02) 466 76 87 www.kuppersbusch.be

Plu

N°1

sd

e1

EN

200

réa l

BEL

isat

VÉRANDA

I

ORANGERIE

I

PERGOLA

I

PROJET HORECA

I

ion

GIQ

sp

UE

ar a

COUVERTURE DE PISCINE

Optez pour le confort que vous méritez.

Une extension élégante est une véritable plus-value pour l’habitation. Tous les styles sont envisageables : du classique au moderne, d’un style identique à celui de l’habitation ou plutôt un aspect différent, qui conférera à l’ensemble une dimension hors du commun, …

DÉCOUVREZ LA NOUVELLE GÉNÉRATION DES VÉRANDAS À VIVRE Visitez l’une de nos salles d’expositions (consultez notre site web pour les adresses et les heures d’ouverture), ou contactez-nous pour une visite sans engagement d’un représentant et un devis gratuit.

Tél. 055 21 85 31 (de 8h30 à 18h).

Willems SA – Parc Industriel ‘Petite France’ 29, 9600 Renaix

www.verandaswillems.be

n!