Gorila No. 114

~

{

2VÏ WBMJEF[ RVÏ DSFEJCJMJEBE UJFOFO MPT EJGFSFOUFT QSFNJPT RVF TF FOUSFHBO B MP NFKPS EF MB NÞ TJDB B USBWÏT EFM NVOEP /JOHVOB 4ØMP TF QSFNJB B MB NJFSEB B MPT USBCBKBEPSFT EF HVJUBSSJUBT TJNQMPOBT P EF DBEFSBT GÈDJMFT CFOEFDJEPT QPS FM GBWPS EF MB NBTB CBCFBOUF RVF MF SFQPSUBO NJ MMPOBSJBT HBOBODJBT BOVBMFT B MB JOEVTUSJB EJTRVFSB FTF NPOTUSVP JOEFTUSVDUJCMF DPNQVFTUP QPS USBTOB DJPOBMFT BM DVBM BVORVF TF MB QBTF MBO[BOEP SJEÓDVMPT DIJMMJEPT TF MB SFDPOUSBQFMB MB QJSBUFSÓB Z RVF B×P DPO B×P JEFB DPODJFO[VEBNFOUF BRVFMMPT QSPEVDUPT oBTÓ MFT MMBNBO FMMPT iQSPEVDUPTw OP QSPQVFTUBT P BSUJTUBT TJOP QSPEVDUPT RVF IBO EF JNQBDUBS FO MBT EÏCJMFT NFOUFT EF MPT DPOTVNJEPSFT RVJFOFT MVFHP EF FTDVDIBS NJMFT EF WFDFT FO MB SBEJP VOB UPOBEB QPS QFOEFKB RVF TFB TFOUJSÈO MB OFDFTJEBE TJNJMBS B MB RVF TJFOUFO EF GSFHBS TVT SFUSFUFT DPO 1BUP 1VSJmD EF BDVEJS B MB UJFOEB EF EJTDPT Z DPNQSBS FM ÏYJUP EFM NPNFOUP -MÈNFOTF (SBNNZT P .57 NJFSEB QPS UFMF WJTJØO "XBSET MB DIJOHBEFSB FT MB NJTNB : FO FM QFEP JOEFQFOEJFOUF MB DPTB OP BOEB NFKPS -BT SFWJTUBT RVF QSFTVNFO EF JOEFQFOEFODJB Z DPN CBUJWJEBE TBDBO TVT QSFNJPT B MP NFKPS EFM B×P Z MPT HBOBEPSFT TPO OJ NÈT OJ NFOPT RVF 464 $6"5&4 +BKBKB {" RVJÏO DIJOHBEPT OPNÈT QPS EFDJS BMHP TF MF PDVSSF EBSMF FM QSFNJP BM NFKPS BSUJTUB /VFWP EF /PSUFBNÏSJDB B 3FJL /P NBNFT TJ ÏTF FT FM NFKPS JNBHÓOFOTF DØNP FTUBSÈO MPT EFNÈT &M SPDL MB NÞTJDB OP FYJTUF FO MPT NFEJPT 5PEP MP RVF OPT WFOEFO DPNP WFSEBEFSP FT 'BMTP -B PTDVSJEBE FT FM CJFO Z MB -V[ FM NBM )PZ DPNP WJFOF PDVSSJFOEP EFTEF IBDF NVDIPT B×PT DPNP EFDÓBO MPT TP×BEPSFT EF MB QSJNBWFSB EF 1SBHB -B WJEB FM SPDL FTUÈ FO PUSB QBSUF

&DUORV $ 5DPtUH]

JRULOD SXQN#\DKRR FRP P[

°^ zY ® ^°

%X]yQ 0XWDQWH

5XLGR .JTmUT QVOL NPOTUSVPTP &M JODMBTJmDBCMF SPDL EF #BCBTØOJDPT &SJD &M /J×P IJQ IPQ &YYYUSB[FSEP (BMMP {(BSHBKP P DIVSSP

(QIHUPHGDG VRFLDO "OESÏ &M HJHBOUF

5ÏSNJOPT $JCFSOÏUJDPT

6WUHHW DUW %S )PõNBOO

`.BVTTÈO DIBSMBUÈO EF NJFSEB NVFSF

/RV 0RVWURV (SFNMJOT Z +BWFE *RCBM

0ROH 1HJUR .ÈT TBOHSF NÈTy

$DURQ 2OYHUD 9LOOLFDxD SUH SUHQVD GLJLWDO

SXEOLFLGDGBWP #SURGLJ\ QHW P[

5DELDV FDOFDV HQ SRUWDGD } $QJHO 5DPtUH] IRWRV $OHMDQGUR 3DL

(O YHUGXJR

/ ' * $GULDQD +HUUHUD *DUD\ GLUHFWRUD GH DUWH \ GLVHxR

/D MDXOD

* HW 'ULPV %BMFOF ,VSUJT NBSJQPTB EFM EFTFP

7ULEXV 8UEDQDV 4LJOIFBET SBQBEPT QBSB QFMFBS

/LF 0DULVRO 0RUHQR $ODUFyQ FRRUGLQDGRUD HGLWRULDO

)UDQFLVFR =DPXGLR $OHMDQGUR 3DL PDVWHUIODL#KRWPDLO FRP 'U 5DELDV DWDTXHQLQMD#KRWPDLO FRP -RUJH )ORUHV 2OLYHU *DEULHO *DUFtD 5DQJHO $OHMDQGUR *RQ]iOH] $GULiQ OySH] FRODERUDGRUHV

6N $SV[BEB 4LBUF

&DUORV $ 5DPtUH] GLUHFWRU HGLWRULDO

6XJHUHQFLDV \ PHQWDGDV

FDUORV BUDPLUH]#KRWPDLO FRP

Yz¥^P° ¥z

w"¥ ® Yz° ¥z>

$QWLFRPHUFLDO

-B QVCMJDJEBE EB SJTB

"×P /P &OFSP EFM 3FWJTUB NFOTVBM FEJUBEB QPS FEJUPSJBM 5PVLBO 4 " EF $ 7 &EJUPS SFTQPOTBCMF +BJNF 3P CFSUP 'MPSFT .POUJFM /ÞNFSP EF 3FTFSWB EF 5ÓUVMP EF %FSFDIPT EF "VUPS $FSUJmDBEP EF -JDJUVE EF 5ÓUVMP $FSUJmDBEP EF -JDJUVE EF $PO UFOJEP 0mDJOBT 4BO #PSKB $PM EFM 7BMMF $ 1 .ÏYJDP % ' 5FM EJTUSJCVDJØO % ' 6OJØO EF 7PDFBEPSFT Z &YQFOEFEPSFT EF .ÏYJDP " $ %JTUSJCV DJØO 'PSBOÏB $0%*1-*34" 4FSBQJP 3FOEØO /P $PM 4BO 3BGBFM .ÏYJDP % ' 5FM %JTUSJCVDJØO EF -PDBMFT $FSSBEPT 1VCMJDBDJPOFT $*5&. 4 " EF $ 7 "W EF $SJT UP /P $PM 9PDPZBIVBMDP 5MBMOFQBOUMB &EP EF .ÏYJDP 5FM *NQSFTJØO FO 130$&404 */%6453*"-&4 %& 1"1&- 4 " %& $ 7 "W EF 4FQUJFNCSF /P $PM 'SBDD *OE "MDF #MBODP /BVDBMQBO EF +VÈSF[ &EP EF .ÏY 5FM &M &%*503 /0 4& )"$& 3&410/4"#-& %&- $0/5&/*%0 %& -04 "/6/$*04 /* %& 0'&3 5"4 3&"-*;"%"4 103 -04 "/6/$*"/5&4 130)*#*%" 46 3&130%6$$*0/ 505"- 0 1"3$*"- $PQZSJHIU % 3 ª &EJUPSJBM 5PVLBO 4 " EF $ 7 13*/5&% "/% ."%& */ .²9*$0 *.13&4" : &%*5"%" &/ .²9*$0

(03*-" */%*(/"%0

(03*-*5" 26&+04"

1SJNFSP RVF OBEB MPT GFMJDJUP QPS FM FYDFMFOUF {,Ï QFEP HPSJMBT 4ØMP MFT FTDSJCP QBSB RVF USBCBKP RVF IBDFO &T EJGÓDJM FO FTUPT EÓBT FODPO KBSNF {QPS LÏ DIJOHBEPT OP QPOFO BMHVOB USBS VOB SFWJTUB DPNP MB EF VTUFEFT TV DPOUFOJ TFDDJØO QBSB DIBWBT &TUBSÈO EF BDVFSEP LF EP FT CVFOP QPOFO CVFOBT GPUPT Z TV GPSNB EF FO UPEP .ÏYJDP IBCFNPT NVDIBT DIBWBT SFEBDUBS FT ÞOJDB "MHP RVF NF JOEJHOØ NVDIP RVF DPNQSBNPT FTUB SFWJTUB UBO GSFHPOB Z B FT RVF DPO UBM EF WFOEFS OP TÏ RVJÏO DIJOHB NÓ QPS FKFNQMP NF HVTUBSÓB LF TBDBSBO VOBT EPT TBDØ VOB SFWJTUB MMBNBEB (PE[JMB EJHPy CVFOBT GPUPT EF DIJDBT QBUJOBOEP P IBDJÏO OP NBNFO RVÏ NJFSEB FT ÏTB TØMP EFNVFT EPMF BM TL "QBSUF EF FTP DSFP LF MB TVZB FT USBO RVF TPNPT MPT BNPT EF MB JNJUBDJØO 1FSP VOB EF MBT QPDBT SFWJTUBT RVF WBMFO MB QFOB CVFOP TJ BTÓ EF FTUÞQJEPT RVJFSFO TFS QVFT OJ HBTUBS VOPT QFTJUPT MB OFUB UPEBT TVT TFD RVJÏO MPT DBNCJF &TQFSP RVF TJHBO DPNP WBO DJPOFT FTUÈO CJFO DIJEBT QFSP MBT LF NÈT NF QØOHBOMF NÈT QÈHJOBT B MB SFWJTUB HVTUBO TPO FM 7FSEVHP Z MPT .PTUSPT 4JHBO IBDJFOEP FTUP LF MB OFUB MFT RVFEB EF )VHP «HVJMB .V×P[ QPDB NBESF CMJOLUBSU !ZBIPP DPN NY $MBVEJB 0SUJ[ &TQJOPTB 3 .BO FTB SFWJTUB RVF EJDFTy QVFT MB OFUB TÓ DMBV@TFY !IPUNBJM DPN FT VOB NJFSEB VOB JNJUBDJØO #"3"5" Z QPT OP UF FOPKFT NFKPS DÈHBUF EF SJTB Z OP MB QFMFT BM 3 8FFZ `TÓ IFNPT TBDBEP NPSSBT RVF QBUJ mO Z BM DBCP OP WB B EVSBS NVDIP $PNP EJKJNPT OBO : NVZ QSPOUP TBDBSFNPT VOB TFDVFODJB BOUFSJPSNFOUF {RVJÏO RVJFSF VOB DPQJB TJ QVF EF "OESFB VOB DIBWJUB RVF QBUJOB EF IVF EF UFOFS MB (03*-" 03*(*/"- " IVFWP WPT /P UF MB WBZBT B QFSEFS .0%&3"550 "1&45"

26*&3& -6$)"3 &/ -0%0 #VFOP QSJNFSP L OBEB IPMB Z ZB TF MB TBCFO MB SFWB FTUÈ DIJEB Z CMB CMB CMB KF .F LJFSP LFKBS EF VOB QJODIF SFWB JUB B FTUB TBHSBEB Z NVZ DPEJDJBEB UPEP FT JUP MB QPSUBEB FM UBNB×P Z FM QSFDJP BII Z FM NJTNP SFHBMP KB /P NBNFO IBHBO BMHP EF QFSEJT VOB QBSUJEB EF NPUIFS WB BII Z BWJTFO EF MBT MVDIBT FO MPEP FT L VOB BNJHB Z ZP OPT LFSFNPT JOT DSJCJS #VFOP VOB NFOUBEB EF NBESF B UPEB MB QJODIF HFOUF L QBSFDF CPSSFHP TJHVJFOEP FTUFSFPUJQPT GBMTPT Z B NJ NBFTUSB EF DPOUB CJMJEBE CFTPT BQBTJPOBEPT 4F CB×BO Z QPS GB} QVCMJLFO NJ NBJM Z VO TBMVEP B UPEB MB CBOEB EF $VFSOB Z B NJ NBNÈ L IBDF QPTJCMF L FTUB SFWB MMFHVF B NJT NBOPT $FDJMJB "SFMMBOP -B CSVKB .FEFBT NFEFBT@CSVKB@!IPUNBJM DPN 3 1PS FOÏTJNB WF[ MB (PE[JMMB FT VOB #"46 3" "426&304" KF :B OP IBCMFO EF FMMB OP WBMF MB QFOB 1B} MB MVDIB FO MPEP TØMP NBOEFO TVT GPUPT $BEB WF[ TF BDFSDB NÈT MB IPSB DFSP "VVVVV

26*&3& 1"30

¸< ® ¸°> °^

4BMVEPT B UPEB MB DPNVOJEBE (PSJMB {2VÏ QFEP NJT QJODIFT HPSJMBT %FTQVÏT EF ZB DBTJ -FT FTDSJCP EFTEF MB DBQJUBM EFM QP[PMF EPT B×PT EF FTUBS MFZFOEP TV SFWB MFT FTDSJCP QPS $IJMQBODJOHP (SP B TV DIJOHPOB SF RVF OFDFTJUP VO QJODIF QBSP FM QFEP FTUÈ BTÓ IBZ WJTUB MB DVBM ZP DPOTJEFSP NVZ DVMUVSBM VOB nBUB EF CVFZFT RVF ZB NF UJFOFO IBTUB MB NB TJO SFÓSTF QPS GBWPS QBSB QFEJSMFT USFT ESF DPO TV QJODIF NÞTJDB EVSBOHVFOTF Z MPT NVZ GBWPSFT QSJNFSP OP TÏ TJ FO OÞNFSPT DVMFSPT UPEBWÓB EJDFO RVF ZP TPZ VO ESPHBEJDUP Z BOUFSJPSFT MPT QVUPT EF .PEFSBUUP VO BMDPIØMJDP NBM WFTUJEP TØMP QPS OP WFTUJSNF ZB QBTBSPO QPS NJ DVBUF FM 7FSEVHP DPNP QJODIF WBRVFSP CPUVEP QFSP FO mO ZB NF TJ OP FT BTÓ ÏTF TFSÓB NJ QSJNFS GBWPS UJFOFO IBTUB MB NBESF Z MP ÞMUJNP RVF NF QBUFØ ZB RVF FTPT SJEÓDVMPT QBZBTPT TF DSFFO GVF RVF EJKFSBO RVF NJT SFWBT EF (PSJMB FTUBCBO RVF TPO VO HSVQP DIJOHØO Z UJFOFO NVZ FTUÞQJEBT FT QPS FTP RVF QJEP RVF MPT IBHBO FM EFTDBSP EF EFDJS RVF MP RVF UPDBO FOUSBS FO SB[ØO B MPT NVZ DFSEPT Z ZB EF QFSEJT FT QVSP SPDL QFTBEP WFTUJEPT EJ[RVF QPESÓBO NBOEBSMF VO HSVQP NJFSEFSP BM 7FSEVHP NVZ SVEPT RVF OP NBNFO RVJTJFSB QBSB RVF MPT NVZ CPUVEPT OP TF WVFMWBO B NFUFS RVF FM 7FSEVHP MFT EJFSB VOB DBMFOUB DPONJHP 1PS ÞMUJNP TJ TF MFT PDVSSF QVCMJDBS NJ EJUB Z RVF MFT FOTF×F MP RVF FO WFSEBE NBJM MF NBOEP VO TBMVEP B MB QJODIF CBOEB NV *MVTUSBDJØO "ESJÈO -ØQF[ FT SPDL 4FQBO VTUFEFT NJT BNJHPT UBOUF Z FO FTQFDJBM B NJ FTQPTB :FTTFOJB RVF NF RVF FTUPT QVUJUPT FTUVWJFSPO BRVÓ BQPZB FO MP RVF IBHP 1VFT DÈNBSB MFT NBOEP 26*&3& */4$3*#*3 " 46 7*&+" &/ -" -6$)" &/ -0%0 BDPNQB×BEPT EF MB QFSSB EF #FMJOEB VOB NFOUBEB B UPEPT {2VÏ DSFFO RVF NF EJKFSPO RVF RVF {2VÏ QFEP QJODIFT HPSJMBT -FT FTDSJCP EFTEF MB SÓBO IBDFS FTUPT QVUPT `1VFT BSNBS 1BDP .JSBOEB FM "TFSSÓO UJFSSB EF MBT NPNJBT (VBOBKVBUP QB} EFDJSMFT RVF VO TMBN 2VF OP NBNFO TJ TV QÞCMJDP DVVM@HSFO!IPUNBJM DPN TV SFWB FT MB NÈT DIJOHPOB RVF IBZ : QB} QFEJSMFT FSBO QVSPT OJ×PT GSFTBT QFOEFKPT Z NJ WJFKB KBKBKB :P NF QSFHVOUP {RVJÏO 3 8FZ {UF PGFOEF RVF UF EJHBO NBSJHVBOP 4J RVF IBHBO VO SFQPSUBKF EF MBT NÈT DIJOHPOBT CBO RVJTJFSB BSNBS VO TMBN DPO FTB NJFS FT VO IBMBHP KF {-PT CPUVEPT EJDFO RVF TPNPT EBT EF IBQQZ QVOL RVF IBZ 1"/%" $"/4&$0 EB RVF FMMPT UPDBO .J TFHVOEP GBWPS FTUÞQJEPT {: RVÏ UBM i$VJEBP DPO MB DVMFCSB RVF %*7*4*»/ .*/Á4$6-" : %&-69 5BNCJÏO FTDSJCP FT RVF TJ QVFEFO FTDSJCJS BMHP TPCSF UF NVFSEF MPT QJFT BBBZ MB DVMFCSBw +BKBKB OP 1PT QB} JOTDSJCJS B NJ MÈUJHP B MB MVDIB FO MPEP FTUÈ NFEJP HVBSSB QFSP TÓ MB SJGB -VFHP MFT NBOEP GPUPT QB} RVF 1BCMP .PMJOFU {4Ó MP DPOPDFO P IBO FMMPT TÓ TPO SF JOUFMJHFOUFT +FKFKF TF BTVTUFO Z QB} QFEJSMFT RVF TF EFO VO SPM QPS BDÈ ZB FTDVDIBEP EF ÏM WFSEBE 2VJFSP TB RVF IBZ VO DBCSØO RVF SBZB EF QPDB FM /0*;& EF MB '&-*$*%"%&4 4"5"/*45"4 CFS RVÏ QBTØ DPO FTF WBMFEPS RVF FT #$ 4JO NÈT RVÏ EFDJS TF EFTQJEF VO MFBM MFDUPS UBCB QSFTP JOKVTUBNFOUF BDVTBEP EF IPNJDJEJP .J UFSDFS Z ÞMUJNP GBWPS FT 1PS DSFBS VOB SFWJTUB ÞOJDB FO TV HÏOFSP FT VOB EF RVF NF TBMVEFO B NJ OFOB NJ HPSJMJUB MBT QPLBT LF IBZ FO .ÏYJDP RVF IBDF RVF QFOTFNPT «OHFM 0NBS (PO[ÈMF[ Z TBMHBNPT EF MB FTUVQJEF[ RVF OPT SPEFB FTQFSP POHJF@LSPT!IPUNBJM DPN .BSÓB .BHEBMFOB 4 # TJHBO QPS NVDIPT TJHMPT 0USP BTVOUP RVF MFT RVJFSP DPOUBS FT RVF TPZ VOP EF MPT QPDPT TBUBOJTUBT RVF 3 1PT NBOEB MBT GPUPT Z ZB FTUÈ DBCSØO "EFNÈT .JHVFM "MFKBOESP .PSFOP WJWFO QPS FM NFUSP -B 7JHB Z FT HSBDJBT B TV SFWJTUB DPNP NBOEBO MPT DÈOPOFT FOUSF NÈT HVBSSB `.& NBNT !IPUNBJM DPN RVF IF DPOPDJEP DPTBT OVFWBT SFTQFDUP B NJ SFMJ +03 {RVÏ OP 3 1VFT TÓ .PEFSBUUP IJFEF QFSP HJØO KF FTQFSP TJHBO DPO TV IVNPS ÞOJDP Z RVF NF ÏTB FT MB DMBTF EF BSUJTUBT B MPT RVF IBHBO FM GBWPS EF QPOFS NJ NFOTBKF FO TV SFWB %F BOUFNBOP HSBDJBT TF NF PMWJEBCB FTUVWP QFSGFDUP TV FTUBNPT DPOEFOBEPT TJ JOTJTUJNPT FO SFQPSUBKF EFM NÈT HSBOEF EF MPT TBUÈOJDPT VTUFEFT ZB TBCFO RVJÏO KFKFKF DPOTVNJS DVBMRVJFS NJFSEB RVF OPT -"3(" 7*%" " :0( 405)05) QPOHBO FOGSFOUF Z QPS FTP FTPT [P RVFUFT BQBSFDJFSPO FM OÞNFSP QBTBEP +VBOKF «WJMB ZPHTPUIPUI !IPUNBJM DPN FO FM 7FSEVHP 0KBMÈ MP IBZBT WJTUP Z 3 {&SFT TBUBOJTUB NBO "Z NBNBDIFFFUB /PTPUSPT B MP NÈT RVF MMFHBNPT EF WF[ FO DVBOEP FT B TJ OP QPT ZB UF DIJOHBTUF +F 4BMV

RVFNBSMF MBT QBUBT P JOIBMBS MB DBTQB EF %PO 4BUB +F EPT B UV NPSSB

-Â&#x20AC;c

1PS 1BMPNB (VFSSFSP 'PUPT "MFKBOESP 1BJ

9

06 ' } 7 (

{" RVJÏO RVF QBUJ OF OP MF HVTUB KVHBS 4 , " 5 & ²TUF FT FM GPSNBUP FMFHJEP QBSB MBT FMJNJOBUPSJBT EF MB $36;"%" 4 , " 5 & QSPZFD UP OBDJPOBM DSFBEP Z MMFWBEP B DBCP QPS MPT QPSUBMFT XXX SFTLBUF DPN Z XXX DIJDBT SFTLBUF DPN FO DPNCJOBDJØO DPO MB SFWJTUB $IBLPUB #MBTU .BHB[JOF Z FTUF QBTRVÓO RVF UJFOFT FO UVT NBOPT &M PCKFUJWP FT RVF QPS FTUBEP EF MB SFQÞCMJDB QPS FKFNQMP (VBOBKVBUP RVF TF VOB B MB $36;"%" 4 , " 5 & TF MMFWF B DBCP VO DPODVSTP FTUBUBM EF KVF HP EF 4 , " 5 & EFM DVBM TVSKBO EPT mOBMJTUBT &O MB DBUFHPSÓB

GFNFOJM TF IBSÈ VO DPODVSTP EF VO NJOVUP EF SVUJOB Z FM QSJNFS MVHBS TFSÈ MB mOBMJTUB -PT Z MB mOBMJTUB EF MB DPNQF UFODJB FTUBUBM WJBKBSÈO B MB (SBO 'JOBM RVF TF MMFWBSÈ B DBCP FO FM %JTUSJUP 'FEFSBM FM EF BCSJM EF $PNP QVFEFT WFS FT VOB FTQFDJF EF DJSDVJUP OBDJPOBM FM DVBM HBOBSÈO MPT USFT NFKPSFT DPNQFUJEPSFT EPT IPNCSFT Z VOB NVKFS &M QSFNJP EF MPT Z MB HBOBEPSB FT GPSNBS FM FRVJQP OBDJPOBM RVF SFQSFTFOUF B .ÏYJ DP FO DPNQFUFODJBT JOUFSOBDJP OBMFT B MBT RVF HSBDJBT BM QBUSP DJOJP EF HSBOEFT FNQSFTBT TF UFOHB PQPSUVOJEBE EF BTJTUJS &M KVFHP EF 4 , " 5 & GVF FM GPS NBUP FMFHJEP QPSRVF QSFTFOUB

WFOUBKBT /0 +6&$&4 MPT QBUJOBEPSFT TF FMJNJOBO TFHÞO TVT IBCJMJEBEFT Z OP QPS QVOUBKFT RVF QVFEFO SFTVMUBS GBWPSFDFEP SFT QBSB BMHVOPT /0 $0/4536$$*»/ %& 3".1"4 QVFEFT IBDFS FM FWFOUP IBTUB FO QJTP QMBOP /0 -0(¶45*$" $0.1-*$"%" QBSB IBDFS FTUF DPODVSTP TØMP OFDFTJUBT B MPT QBUJOBEPSFT Z VOB CSFWF FYQMJDBDJØO EF DØNP FT FM UPSOFP /0 ("4504 *//&$& 4"3*04 &M KVFHP EF 4 , " 5 & TF QVFEF MMFWBS B DBCP UBOUP FO QJTP DPNP FO PUSBT VUJMFSÓBT DPO MBT RVF ZB TF DVFOUF DPNP CB SBOEBMFT SJFMFT TFU EF FTDBMPOFT DBKPOFT EFTOJWFMFT -B $36;"%" 4 , " 5 & ZB DPNFO[Ø -B QSJNFSB FMJNJOBUPSJB FTUBUBM Z QVOUP EF QBSUJEB EF $36;"%" 4 , " 5 & TF MMFWØ B DBCP FM EF EJDJFNCSF QBTBEP DPNQJUJFO EP TLBUFST EFM %JTUSJUP 'FEFSBM Z &TUBEP EF .ÏYJDP UFOJFOEP DPNP HBOBEPSFT B

" 7 9

&MJNJOBUPSJB %JTUSJUP 'FEFSBM 3BÞM (BSDÓB A#FCP .BSJP 4ÈFO[ .BY #BSSFSB FNQBUF

&MJNJOBUPSJB &TUBEP EF .ÏYJDP )B[FM 1JDIBSEP 5PMVDB

-FPOBSEP 7FOUVSB /F[BIVBMDØZPUM

&MJNJOBUPSJB 'FNFOJM 4BNJSB 3PNFSP %'

&TUFGBOÓB (ØNF[ /F[BIVBMDØZPUM

'FMJDJUBNPT B M!T HBOBEPSFT EF FTUB QSJ NFSB KVTUB Z OPT QBSFDF JNQPSUBOUF IBDFS NFODJØO EF MPT QBUSPDJOBEPSFT RVJFOFT TF IBO DPNQSPNFUJEP DPO MB SFBMJ[BDJØO EF FTUF FWFOUP FM DVBM FTQFSBNPT RVF SF QPSUF CFOFmDJPT B DPSUP QMB[P QBSB FM TLB UF OBDJPOBM FMMPT TPO 3BHF %SBHPO 4LBUFCPBSET %JDLJFT 4PWJY %JTUSJCV UJPO "[UMÈO 5PPM 5PYJOB SJPBWFOUVSB DPN NY 0KP 3PKP 5SBEJYJPOBM )ZTUFSJB #MBTU .BHB[JOF SFWJTUB $IBLPUB 'VTJØO 1FUFS T .POTUFS "[U L 5SVDLT $JVEBE

/ 7

%FQPSUJWB 'SBODJTDP * .BEFSP /P 1SPCMFN &RVJT 'PPUXFBS ;VNB (SBDJBT UBNCJÏO BM TUBõ EF 3F4LBUF DPN .VDIBDI!T VTUFEFT TBCFO RVJÏOFT TPO

{: BIPSB RVÏ TJHVF %VSBOUF MPT NFTFT EF FOFSP Z GFCSFSP MB $36 ;"%" 4 , " 5 & TF FTUBSÈ MMFWBOEP B DBCP FO MPT FTUBEPT EF $IJIVBIVB 7FSBDSV[ :VDBUÈO Z $PBIVJMB 1BSB DPOmSNBS GFDIBT Z MVHBSFT DIF DB XXX SFTLBUF DPN 4J FTUÈT JOUFSFTBE! FO SFBMJ[BS MB $36;" %" 4 , " 5 & FO UV FTUBEP Z QBSUJDJQBS FO FTUF QSPZFDUP OBDJPOBM NBOEB VO FNBJM B QBMPNB!SFTLBUF DPN DPO UVT EBUPT QBSB RVF TF UF FOWÓF JOGPSNBDJØO FTQFDÓmDB TPCSF MB PS HBOJ[BDJØO EF FTUF FWFOUP 6OÈNPOPT UPE!T QBSB TVCJS FM OJWFM Z MBT QPTJ CJMJEBEFT EF MPT Z MBT TLBUFST NFYJDBO!T

9

-Â&#x20AC;c 'PUPT "MFKBOESP 1BJ

" ' 9

,¸zY

1PS 'SBODJTDP ;BNVEJP QBDP[BNVEJP !ZBIPP DPN NY

L DOJXQD EDQGD QRUWHDPHULFDQD PHUHFH HO WURQR DO FXOWR pVD HV SUHFLVDPHQWH XQD TXH VXSR DPDOJDPDU OD iVSHUD \ KRUPLJXHDQWH YLEUD PXVLFDO GHO SXQN URFN FRQ XQD ILVR QRPtD RUQDPHQWDO OD FXDO IXH PiV DOOi GHO VLPSOH DUURSDUVH HQ QHJUR H[WHQGLHQGR XQ ORRN GHPRQtDFR KDVWD FUHDUVH XQ DXUD PLVWHULRVD \ HQFDQWR GLDEyOLFR WDO TXH KDQ OLGHUDGR GHVGH KDFH PXFKR XQD HQRUPH OH JLyQ GH IDQiWLFRV GRQGH QR IDOWDQ QRPEUHV IDPRVRV FRPR 0HWDOOLFD R *XQV ©1 5RVHV 6H GLFH TXH FDGD QRFKH GH EUXMDV DO LQYRFDU VX QRPEUH XQ HV StULWX OOHJD KDVWD WXV RtGRV SDUD VXVXUUDUWH O~JXEUHPHQWH §'LH GLH P\ GDUOLQJ¨ &RQ XVWHGHV /RV 0LVILWV

&M QVOL nPUBCB FO FM BNCJFOUF 4J VO B×P BOUFT -PT 3BNPOFT BDB CBCBO EF EBSMF DBSUB EF OBUVSBMJ[BDJØO DPO FM MBO[BNJFOUP EF TV FQØOJNP ÈMCVN EFCVU EFM PUSP MBEP EFM "UMÈOUJDP -PT 4FY 1JTUPMT JCBO B EFUPOBS VOB CPNCB RVF MF FYQMPUBSÓB FO MB DBSB BM TUBCMJTI NFOU .JFOUSBT UBOUP BMSFEFEPS EF NBS[P EF BRVFM HMPSJPTP EPCMF FO MB QPCMBDJØO EF -PEJ /FX +FSTFZ VO QV×BEP EF BNJHPT VOÓBO TVT HVTUPT QPS MB NÞTJDB QFSP TPCSF UPEP QPS FM DJOF (MFOO %BO[JH Z +FSSZ $BJBGB RVJFO QSPOUP BEPQUBSÓB FM OPNCSF EF +FSSZ 0OMZ TF VOJFSPO DPO PUSP DPNQB×FSP EF MB -PEJ )JHI 4DIPPM DVZP OPNCSF TØMP SFHJTUSB MB IJTUPSJB DPNP .BOOZ Z GVOEBSPO VOB CBOEB DPO BQFMBUJWP EF QFMÓDVMB .JTmUT FYUSBÓEP EF MB ÞMUJNB DJOUB mMNBEB FO QPS MB EJPTB SVCJB NÈT BDMBNBEB EF UPEPT MPT UJFN QPT .BSJMZO .POSPF .VZ QSPOUP IBDJB FM EF NBZP IBDÓBO TV BQBSJDJØO FO FM UFNQMP EFM QVOL SPDL FM MFHFOEBSJP $#(# T 6O QSJNFS TJOHMF FNFSHJØ FOUPODFT DPNQVFTUP QPS i$PVHI DPPM 4IFw FM DVBM FEJUBSPO FO TV QSPQJP TFMMP .BOOZ GVF SÈQJEBNFOUF

TVTUJUVJEP FO MB CBUFSÓB QPS i.S +JNw $BUBOJB VOJÏOEPTFMFT BTJNJT NP 'SBOL i'SBODIÏ $PNBw -J$BUB FO MB HVJUBSSB QBSB MB HSBCBDJØO EF TV QSJNFS &1 #VMMFU FM DVBM NPTUSBCB FO MB QPSUBEB VOB JORVJF UBOUF GPUP EF +PIO ' ,FOOFEZ TJFOEP BTFTJOBEP

QSPQJP BCTPSCJEP WÓB ØTNPTJT FO TVT DBSBT MBT DVBMFT TF MMFOBSPO EF UÏUSJDPT NBRVJMMBKFT : FO TVT EJTF×PT B EPOEF MMFHØ MB SPQB FO DVFSP OFHSP FTUBNQBEB DPO 5IF 'JFOE GBOÈUJDP TÓNCPMP DBEBWÏSJDP RVF TF USBOTGPSNØ FO FM JDPOP PmDJBM EF MB CBOEB

$/(&&,21$'25 (1*$f2

5JFNQP EFTQVÏT i'SBODIÏ $PNBw Z i.S +JNw EFKBO FM HSVQP TJFO EP TVTUJUVJEPT QPS FM FY HVJUBSSJTUB EF 8IPSFMPSET #PCCZ 4UFFMF Z FM CBUFSJTUB +PFZ *NBHF 6OB FUBQB EF SFMBUJWB FTUBCJMJEBE BQBSFDJØ FOUPODFT TJFOEP FEJUBEPT VO QBS EF &1 T NÈT )PSSPS CVTJOFTT Z /JHIU PG UIF MJWJOH EFBE FTUF ÞMUJNP QSFTFOUBEP QBSB FM )BMMP XFFO EF 4FNBOBT BOUFT EF UFSNJOBS BRVFM B×P HSBCBO i"UUJUVEFw QBSB VO EJTDP SFDPQJMBUPSJP MBO[BEP QPS VO GBO[JOF Z GVFSPO JOWJUB EPT B DSV[BS FM HSBO DIBSDP 1FSP FOUPODFTy

#VMMFU TF FEJUØ EF FTB NBOFSB HSBDJBT B VOB USFUB EF .FSDVSZ 3F DPSET RVJFO MFT PGSFDJØ IPSBT FO VO FTUVEJP EF HSBCBDJØO "IÓ BSNBSPO UFNBT EF MBT DVBMFT GPSNBSÓBO VO -1 JOUJUVMBEP 4UB UJD "HF TØMP RVF MB EJTRVFSB UFSNJOØ QPS SFUJSBSTF EFKÈOEPMPT DPO VO QBMNP EF OBSJDFT 1FSP ZB EFTEF FOUPODFT MB mMPTPGÓB %P *U :PVS TFMG QFSNFBCB MB FTDFOB BTÓ RVF DPOUJOVBSPO TV WJBKF FO FM $#(# T NJFOUSBT FTQFSBCBO RVF FM WJFOUP TPQMBSB B GBWPS &O UBOUP VOB USBOTGPSNBDJØO EJBNFUSBM FTUBCB B QVOUP EF MMFWBSTF B DBCP -B BEJDDJØO EF %BO[JH QPS MPT MBSHPNFUSBKFT EF $MBTF # P 4FSJF #

RVF TF NBUFSJBMJ[BCB QVOUVBMNFOUF FO MBT MFUSBT EF TVT DBODJPOFT GVF QBTBEB QPS VO mMUSP FTUÏUJDP JOTQJSBEP FO FTPT NPOTUSVPT TVS HJEPT EF BRVFMMPT QSPWFSCJBMFT mMNFT EF UFSSPS DSFBOEP VO NVOEP

)5$8'( 275$ 9(= " mOBMFT EFM WJBKBO B *OHMBUFSSB QBSB BDPNQB×BS DPNP UFMPOFSPT B 5IF %BNOFE FO VOB HJSB MB DVBM BCBOEPOBSPO BOUFT EFM TFHVO EP DPODJFSUP QPSRVF TJNQMFNFOUF OP MFT IBCÓBO QBHBEP FM QSJNFSP $PNP UFOÓBO DPOUSBUBEBT VOBT GFDIBT UVWJFSPO RVF HBOBSTF VOB

MBOB IBDJFOEP BMHVOPT USBCBKPT F JODMVTP QVEJFSPO IBCFS BCJFSUP QBSB 5IF $MBTI VOPT TIPXT TØMP RVF +PFZ OP FTUV WP EJTQVFTUP B KVHÈSTFMB NÈT SFHSFTÈOEPTF B &TUBEPT 6OJ EPT EFTQVÏT EF RVF VOB OPDIF FO RVF GVFSPO B FTDVDIBS B 5IF +BN FO -POESFT +FSSZ Z %BO[JH UFSNJOBSPO FO MB DÈSDFM QPS BHBSSBSTF B NBESB[PT DPO VOPT TLJOIFBET %F BIÓ OBDFSÓB MB JOTQJSBDJØO QBSB i-POEPO EVOHFPOw %F SFHSFTP FO DBTB Z BVORVF GVF QFSEPOBEP MBT DPTBT OP NFKPSBSPO DPO 4UFFMF BTÓ RVF QBSB PDUVCSF EFM MP FDIBSPO PDVQBOEP TV MVHBS 1BVM $BJBGB IFSNBOP NFOPS EF +FSSZ RVJFO MMFHØ B SJGÈSTFMB DPO TPMP BCSJMFT QBSB FM )BMMPXFFO EF FTF NJTNP B×P DPO FM OPNCSF EF %PZMF 7PO 'SBOLFOTUFJOy +VOUP B PUSP CBUFSJTUB "SUIVS i5IF (PPHw (PPHZ 4UFFMF NJFOUSBT UBOUP GPSNØ TV QSPQJB CBOEB DPO +PFZ *NBHF 6OEFBE $PNP EBUP BOFDEØUJDP DBCF NFODJPOBS RVF FM EF EJDJFNCSF EFM 6OEFBE MF BCSJØ B -PT .JTmUT QBSB MB HSBCBDJØO EF VO EJTDP FO WJWP

0,6),76 +$ 08(572 )BTUB FTF NPNFOUP QBSFDÓB RVF VOB NBMEJDJØO MB EF MPT TJOHMFT Z &1 T JCB B QFSTFHVJS QPS UPEB MB WJEB BM HSVQP %F IFDIP VOB WF[ RVF SFUPNBSPO FM QSPZFDUP EF VO -1 Z ZB MJTUP QBSB FEJUBSTF B mOFT EF VO QSPCMFNB DPO MB EJTUSJCVDJØO FOMBUØ MB QMBDB QPS WBSJPT NFTFT 'JOBMNFOUF FO FM QSJNFS EJTDP EF MBSHB EVSBDJØO EF -PT .JTmUT 8BML BNPOH VT BQBSFDÓB FO MBT UJFOEBT DPO TV EJOBNJUB QVOL DPNQVFTUB QPS SÈGBHBT EJTFNJOBEBT FO UBO TØMP NJOVUPT TFHVOEPT $MÈTJDPT JOTUBOUÈOFPT UJQP i FZFTw i* UVSOFE JOUP B NBSUJBOw P i4LVMMTw FNFSHJFSPO QPEFSPTBNFOUF KVOUP DPO PUSP &1 &WJMMJWF FEJUBEP B mOFT EF B×P DPO MB BQBSJDJØO FTQFDJBM EF )FOSZ 3PMMJOT NBOEBNÈT FO #MBDL 'MBH 4JO FNCBSHP EVSBOUF VO WJBKF B -PT «OHFMFT (PPHZ Z %BO[JH TF FOGSBTDBSPO FO VOB EJTDVTJØO QPS EJOFSP QSPWPDBOEP FM FOPKP EFM CBUFSJTUB RVJFO TJNQMFNFOUF UPNØ TVT NBMFUBT Z TF GVF &FJSF 7PO 4UFMMNBO DVCSJØ TV MVHBS EVSBOUF VOB TFNBOB TØMP QBSB RVF 3PCP CBUFSJTUB EF #MBDL 'MBH MMFHBSB B NBESFBS MPT QBSDIFT $PO ÏM SFHSF TBSPO BM FTUVEJP BQBSFDJFOEP FO &BSUI " % 8PMGTCMPPE VO EJTDP NÈT EVSP DPO QMFOB PSJFOUBDJØO IBDJB FM IBSEDPSF RVF TV BO UFDFTPS i%FNPOJPNBOÓBw P i)FMMIPVOEw BTÓ MP EFNPTUSBCBO 1FSP FTP OP GVF TVmDJFOUF QBSB NBOUFOFS DPIFTJPOBEP FM OÞDMFP "M QPDP UJFNQP VO OVFWP CBUFSJTUB FOUSØ FO BDDJØO QBSB MBT HJSBT #SJBO

%BNBHF VO FY "DDFMFSBUFT RVF TØMP UVWP PQPSUVOJEBE EF BODMBS MB CBTF SÓUNJDB BMSFEFEPS EF VO NFT BO UFT EF RVF (MFOO %BO[JH SFTPMWJFSB FO PDUVCSF EF y %JTPMWFS B -PT .JTmUT RVFEBOEP VO OVFWP &1 i%JF EJF NZ EBSMJOHw DPNP UFTUBNFOUP TØOJDP B MB SVQUVSB %BO[JH GPSNØ JONFEJBUBNFOUF 4BNIBJO KVOUP DPO &FJSF 7PO 4UFMMNBO QSPZFDUP RVF UJFNQP EFTQVÏT TF USBOTGPSNBSÓB TJNQMF Z MMBOBNFOUF FO %BO[JH MB CBOEB 1PS TV MBEP MPT IFSNBOPT $BJBGB NPOUBSPO BHSVQBDJPOFT DPNP ,SZTU 5IF $PORVF SPS $JDMPQFBO Z %PZMF 'BOT $MVC TJO OJOHÞO SFTVM UBEP RVF EFTUBDBS

5(6855(F&,¿1 -B OFDSPGBHJB EJTDPHSÈmDB BNÏO EFM FYUFOEJEP DVMUP B MB CBOEB Z MPT DPWFST RVF B i-BTU DBSFTTw IJDJFSB .FUBMMJDB Z EFTQVÏT MB SFWFS TJØO QBSB i"UUJUVEFw B DBSHP EF (VOT / 3PTFT NBOUVWJFSPO WJWPT B -PT .JTmUT FO FM JNBHJOBSJP DPMFDUJWP -P RVF OBEJF RVJ[È JNBHJ OBCB FT RVF EFCBKP EF MB NFTB TF NBOUFOÓB VOB CBUBMMB MFHBM QPS MPT EFSFDIPT EFM OPNCSF IBTUB RVF FO TFQUJFNCSF EF (MFOO Z MPT $BJBGB MMFHBSPO B VO BDVFSEP &TUF OP JODMVZØ B %BO[JH QPS MP DVBM +FSSZ Z %PZMF SFDMVUBSPO B VO OPWFM DBOUBOUF .JDIBFM (SBWFT EF RVJFO DVFOUB MB MFZFOEB OP TF TBCÓB VOB TPMB DBODJØO EFM HSVQP DVBOEP MMFHØ B MB BVEJDJØO Z BM CBUFSJTUB %S $IVE )BDJB SFHSFTBSPO FO UPEP MP BMUP 6O B×P NÈT UBSEF QSFTFOUB SPO VO OVFWP -1 RVF SFDJCJØ NVZ CVFOBT DSÓUJDBT Z GVF MBO[BEP FO VO TFMMP NÈT HSBOEF 5PEP QBSFDÓB JS IBDJB EFMBOUF DVBOEP FO VOB OVFWB FTDJTJØO TF IBDF QSFTFOUF (SBWFT BCBOEPOB FM CBSDP QBSB TFS TVTUJUVJEP QPS .JLF )JEFPVT FM DVBM TØMP TF UPNØ VOB UB[B EF UÏ ZB RVF .JDIBFM SFUPSOBSÓB QPDP UJFNQP EFTQVÏT QBSB HSBCBS PUSP ÈMCVN VOP EPOEF TF MFT FTDVDIØ TPOBS EF GPSNB EFNPMFEPSB BDPNQB×BEPT EF TVT UÓQJDBT MFUSBT EF DJOF EF UFSSPS DMBTF C

} &$5,&$785$ '( 6L 0,6026 5SBT VOB HJSB NVOEJBM EPOEF RVFEØ EF NBOJmFTUP MB WJHFODJB EF TV QSPQJB IJTUPSJB MPT DPOnJDUPT JOUFSOPT WVFMWFO B SFDSVEFDFSTF IBTUB RVF VOB WF[ DSV[BEP FM VNCSBM EFM OVFWP TJHMP BMHP RVF TVQFSØ UPEB MØHJDB TF IJ[P QSFTFOUF $IVE (SBWFT Z TV QSPQJP IFSNBOP %PZMF BCBOEPOBO -PT .JTmUT EFKBOEP B +FSSZ 0OMZ TPMP DPO TV CBKP &TUB TFHVOEB TFQBSBDJØO CJFO IVCJFSB QPEJEP DFSSBS DPO CSPDIF EF PSP VOB USBZFDUPSJB DPO UJOUFT EF HMPSJPTB JOnVFODJB EF OP TFS QPSRVF +FSSZ 0OMZ SFTPMWJØ USBOTNVUBS FO VO DØNJD EF TÓ NJTNP OP TØMP B ÏM TJOP BM HSVQP FOUFSP "TÓ FO FM BOVODJØ VOB OVFWB FODBSOBDJØO EF -PT .JTmUT QBSB {DFMFCSBS FM BOJWFSTBSJP EF TV GVOEBDJØO 1BSB MP BOUFSJPS MMBNØ B 3PCP Z %F[ $BEFOB EF #MBDL 'MBH BTÓ DPNP BM FY 3BNPOFT .BSLZ 3BNPOF FO MB CBUFSÓB : BVORVF BM JOJDJP EFM UPVS TF QSFTFOUBCBO DPNP .JTmUTo#MBDL 'MBH BM DPSSFS EFM NJTNP FM NBMUSFDIP OPNCSF EF MPT .JTmUT TF FSJ HJØ OVFWBNFOUF FO MBT NBSRVFTJOBT 1BSB GPSUVOB EF +FSSZ 0OMZ RVJ[È OJ ÏM NJTNP JNBHJOØ RVF FTB HSBO CBTF EF GBOT MF JCB B SFTQPOEFS UBO CJFO BMSFEFEPS EFM NVOEP &O .ÏYJDP BM NFOPT MB CBOEB IB SFHSFTBEP VOB Z PUSB WF[ EFTEF MPT EÓBT EF (SBWFT TJFOEP SFDJCJEB TJFNQSF EF GPSNB FOUSB×BCMFy /P DBCF EVEB RVF MB OPTUBMHJB FT VOB QPEFSPTB DPNQB×FSB EF WJBKF DVBOEP ZB OP IBZ OBEB NÈT RVF PGSFDFS {/BEB #VFOP B NFOPT RVF VO EÓB (MFOO %BO[JH SFTPMWJFSB SFHSFTBS B TVCTBOBS MBT IFSJEBT Z QBHBS MPT EB×PT

8BML BNPOH VT &BSUI " % 8PMGTCMPPE "NFSJDBO QTZDP 'BNPVT NPOTUFST $VUT GSPN UIF DSZQU 1SPKFDU

'JFOE DMVC MPVOHF

1PS 'SBODJTDP ;BNVEJP

7ZLVWHG 7UDQVLVWRU 7UDQVLVWRU WRUFLGR )FZ UÞ IFZ UÞ IFSNBOJUB EFM EJBCMP &TDVDIBOEP UV USBOTJTUPS UPSDJEP "HÈSSBMP FOUSF UVT QJFSOBT &ODJÏOEFMP FODJÏOEFMP &M WJFOUP MMFHB /P TF QVFEF DPOTFHVJS TVmDJFOUF

" MPOFMZ MJGF XIFSF OP POF VOEFSTUBOET ZPV #VU EPO U HJWF VQ CFDBVTF UIF NVTJD EP .VTJD EP Y

6OB WJEB TPMJUBSJB EPOEF OBEJF UF FOUJFOEF 1FSP OP UF SJOEBT QPSRVF MB NÞTJDB MP IBDF -B NÞTJDB MP IBDF Y

#FDBVTF UIF NVTJD EP "OE UIFO JU JT SFBDIJOH *OTJEF ZPV GPSFWFS QSFBDIJOH 'VDL ZPV UPP :PVS TDSFBN T B XIJTQFS )BOH PO ZPV 5XJTUFE USBOTJTUPS

1PSRVF MB NÞTJDB MP IBDF : FOUPODFT MP FTUÈ BMDBO[BOEP %FOUSP EF UJ QSFEJDBOEP TJFNQSF +ØEFUF UBNCJÏO 5V HSJUP FT VO TVTVSSP $PMHBEP FO UV 5SBOTJTUPS UPSDJEP

)FZ ZPV IFZ ZPV mOBMMZ ZPV HFU JU 5IF XPSME BJO U GBJS FBU ZPV JG ZPV MFU JU "OE BT ZPVS UFBST GBMM PO :PVS CSFBTU ZPVS ESFTT 7JCSBUJPOT DPNJOH UISPVHI :PV SF JO B NFTT

)FZ UÞ IFZ UÞ mOBMNFOUF MP DPOTFHVJTUF &M NVOEP OP FT KVTUP UF DPNF TJ TF MP QFSNJUFT : DØNP DBFO UVT MÈHSJNBT 5VT UFUBT UVT WFTUJEPT 7FOESÈO WJCSBDJPOFT &TUÈT KPEJEB

" MPOFMZ MJGF XIFSF OP POF VOEFSTUBOET ZPV #VU EPO U HJWF VQ CFDBVTF UIF NVTJD EP .VTJD EP Y

6OB WJEB TPMJUBSJB EPOEF OBEJF UF FOUJFOEF 1FSP OP UF SJOEBT QPSRVF MB NÞTJDB MP IBDF -B NÞTJDB MP IBDF Y

#FDBVTF UIF NVTJD EP "OE UIFO JU JT SFBDIJOH *OTJEF ZPV GPSFWFS QSFBDIJOH 'VDL ZPV UPP :PVS TDSFBN T B XIJTQFS )BOH PO ZPV 5XJTUFE USBOTJTUPS .VTJD EP Y

1PSRVF MB NÞTJDB MP IBDF : FOUPODFT MP FTUÈ BMDBO[BOEP %FOUSP EF UJ QSFEJDBOEP TJFNQSF +ØEFUF UBNCJÏO 5V HSJUP FT VO TVTVSSP $PMHBEP FO UV 5SBOTJTUPS UPSDJEP -B NÞTJDB MP IBDF Y

)FZ ZPV IFZ ZPV UIJT XPO U IVSU B CJU 5IJT XPO U IVSU B CJU UIJT XPO U IVSU 4BZT XIP 4BZT XIP "OFTUIFUJ[F UIJT CJUDI "OFTUIFUJ[F UIJT CJUDI BOFTUIFUJ[F +VTU MFU NF CF #FUXFFO ZPV BOE UIFN UIJOHT

)FZ UÞ IFZ UÞ FTUP OP UF EPMFSÈ VO QPDP &TUP OP UF EPMFSÈ VO QPDP FTUP OP EPMFSÈ {2VJÏO EJDF {RVJÏO EJDF "OFTUFTJB B FTUB QFSSB `"OFTUFTJB B FTUB QFSSB BOFTUÏTJBMB 4PMP EÏKBNF FTUBS &OUSF UÞ Z TVT DPTBT

#FDBVTF UIF NVTJD EP "OE UIFO JU JT SFBDIJOH *OTJEF ZPV GPSFWFS QSFBDIJOH 'VDL ZPV UPP :PVS TDSFBN T B XIJTQFS )BOH PO ZPV 5XJTUFE USBOTJTUPS

1PSRVF MB NÞTJDB MP IBDF : FOUPODFT MP FTUÈ BMDBO[BOEP %FOUSP EF UJ QSFEJDBOEP TJFNQSF +ØEFUF UBNCJÏO 5V HSJUP FT VO TVTVSSP $PMHBEP FO UV 5SBOTJTUPS UPSDJEP

¥z >®z ¸¨°¥>Y

)FZ ZPV IFZ ZPV EFWJM T MJUUMF TJTUFS -JTUFOJOH UP ZPVS UXJTUFE USBOTJTUPS )PME JU CFUXFFO ZPVS MFHT 5VSO JU VQ UVSO JU VQ 5IF XJOE JT DPNJOH UISPVHI $BO U HFU FOPVHI

°¥>¸ Y^¥

"SUJTUB ,PSO %JTDP 4FF ZPV PO UIF PUIFS TJEF "×P $PNQPTJUPS ,PSO .BUSJY

6OUPVDIBCMFT Z 5BLF B MPPL JO UIF NJSSPS OP GVFSPO FO SFUSPTQFDUJWB VOBT QMBDBT EF MBT DVBMFT +POBUIBO %BWJT Z TV DBNBSJMMB QVEJFSBO TFOUJSTF EFM UPEP PSHVMMPTPT -PT NBOUVWJFSPO FO FM DBOEFMFSP DJFSUP QFSP RVFEØ nPUBOEP FO FM BJSF DJFSUB TFOTBDJØO EFy DBOTBODJP TFOUJNJFOUP RVF QBSB TV NÈT SFDJFOUF QMBDB EFTBQBSFDF QBSDJBMNFO UF FO CBTF B SPMBT DPNP MB RVF TJHVF B DPO UJOVBDJØO VO BVUÏOUJDP NBESB[P FO MB DBSB DPO FM DVBM QSFUFOEFO SFUPSOBS B TV SFJOP Oà NFUBMFSP {-P DPOTFHVJSÈO EFM UPEP P TØMP B NFEJBT 6TUFEFT UJFOFO MB SFTQVFTUB SF DVFSEFO RVF RVJ[È QPS BMHP #SJBO i)FBEw 8FMDI TF WPMWJØ DSJTUJBOPy KBKBKBKB

6DQWD 6DELQD ;9 1RQR 7DUDGR 0DOLE³ (OLQRU

%ÏDBEB Z NFEJB TPCSFWJWJFOEP B MPT ÈDJEPT BWBUBSFT EFM SPDL OBDJPOBM FGFDUJWBNFOUF NFSFDÓBO VOB DFMFCSBDJØO DPNP MB RVF OPT CSJOEB BIPSB 4BOUB 4BCJOB NBUFSJBMJ[BEB FO VO %7% Z VO QBS EF EJTDPT FO WJWP FYUSBÓ EPT UPEPT EF MB HJSB DPONFNPSBUJWB DFMFCSB EB FO FM &M NBUFSJBM RVF OP OFDFTJUB EF NBZPSFT QSFTFOUBDJPOFT BM DPOUFOFS MP NÈT SFQSFTFOUBUJWP EF TV EJTDPHSBGÓB i"[VM DBTJ NPSBEPw i-B HBSSBw FUD EFKB FO DMBSP RVF MB WP[ EF 3JUB (VFSSFSP TJHVF TJFOEP VOB EF MBT NFKPSFT BTÓ DPNP RVF 1PODIP 'JHVFSPB Z "MFKBOESP 0UBPMB DPOUJOÞBO GVOHJFO EP B NBOFSB EF TØMJEB BODMB BSNØOJDB -B QSFHVOUB EF MPT NJM FT {2VÏ DIJOHBEPT IBDF VO DPWFS EF i1PSRVF UF WBTw i)PZ FO NJ WFOUBOB CSJMMB FM TPM Z FM DPSB[ØOy FO VO ÈMCVN EF 4BOUB 5FØSJDBNFOUF TF MBT QJ EJFSPO QBSB VO TPVOEUSBDL FNQFSP UPEPT FTUPT B×PT EF MVDIB QPS OP QSPTUJUVJSTF DPO MBT HSBOEFT EJTRVFSBT QBSFDJFSBO RVFEBS FO FOUSFEJDIP BM SFHSBCBS VOB EF MBT GSFTBEBT NÈT BSUFSBT EF MB IJTUPSJB VOB PSJHJOBM EF +PTÏ -VJT 1FSBMFT {&TUBSFNPT QSFTFODJBO EP BDBTP BMHÞO UJQP EF EFCBDMF BSUÓTUJDB 0 RVJ[È TPMBNFOUF FTUÏO USBUBOEP EF NBOEBS TF×BMFT BM NBJOTUSFBN QBSB WPMWFS B GPSNBS QBSUF EF TV HPSEB OØNJOBy i/PT MBT DPHJNPT FO FM CB×P EFTQVÏT EF VOPT MJUSPT EF SPOyw i7PZ B DBHBSNF EF SJTB y 7PZ B NFUFS NJ WFSEVSB FO UV IVBDBM y 7PZ B JOTFNJOBSUF [PSSBw &M MFOHVBKF FT DSVEP UPDBOEP MPT MÓNJUFT FOUSF MB MFQFSBEB CBSBUB Z MB QBMBCSB TPF[ RVF UF IBDFy PSJOBSUF EF MB SJTB 2VJÏO TBCF RVÏ PTDVSB mHV SB DPO EPUFT EF SPDLFSP OFP DPOUFTUBUBSJP Z BQUJUVEFT QBSB FTDSJCJS SPMBT NBUJ[BEBT MP NJTNP DPO UJOUFT EBSLJFT i0SBDJØOw P NFUBMFSPT EFVEPSFT B -FE ;FQQFMJO i5FT UÓDVMPw FTUÏ USBT /POP 5BSBEP QFSTPOBKF RVF FEJUB &T UBNPT DIVQBOEP USBORVJMPT VOB QMBDB FO GSBODB TJOUP OÓB DPO TV DSFBEPS 0 UF HVTUB P UPEP MP DPOUSBSJP BVO RVF TFHVSP OP QBTBSÈ UBO EFTBQFSDJCJEB BÞO IBCJFOEP TJEP GBDUVSBEB EF GPSNB JOEFQFOEJFOUF MP DVBM OP PCTUØ QBSB QSFTFOUBS VO EJTF×P EFDFOUF Z VOB DPMVNOB WFS UFCSBM DPOTUSVJEB FO EJHJQBDL &TUÈ DBHBEØOy 2VJÏO TBCF RVÏ UJQP EF DPOUSPWFSTJB IBZB OBDJEP DSFDJEP Z FY QMPUBEP FO MB DBSB EF MPT .BMJCÞ 1J×B RVF BIPSB )VHP "HVJMBS $BSMPT %ÓB[ Z .BSJP (PO[ÈMF[ BCSJFSPO B TV DBOUBOUF QBSB SFBHSVQBSTF TJNQMFNFOUF DPNP .BMJCÞ Z MBO[BS VO QMBUP EJHJUBM CBKP FM NJTNP BQFMBUJWP {&M SF TVMUBEP 4VSG SPDL JOTUSVNFOUBM EF QSJNFSB PMB FM DVBM QVFEF JS EF MBT MJSBT EFTBGPSBEBT FO i%JPOJTJBDPw IBTUB QPTBSTF TPCSF VOB MÈOHVJEB FWPDBDJØO DPO i/PTUBMHJBw 1BSB GBOT EJTQVFTUPT B EFTDVCSJS VO USBDL PDVMUP DPMPDB EP BM mOBM EFM ÈMCVNy 4J OPT BUFOFNPT BM NPUF DPO FM DVBM GVF CBVUJ[BEP 5IF ESFBNT JOTJEF NJ DBCF[B QB SFDFSÓB MØHJDP QFOTBS RVF OPT UPQBSÓBNPT EF GSFOUF DPO VOB IPTUJB QMBUJOBEB EF SBQ P IJQoIPQ FTDSJUB Z DBOUBEB FO TQBOHMJTI &TUP ÞMUJNP OP TF FODVFOUSB EFNBTJBEP BMFKBEP EF MB SFBMJEBE i5IF ESFBNT JOTJEF NJ DBCF[B NF IBDFO DPNF CBDL UP ZPVw FOUPOBO FO MB QSJNFSB SPMB MMBNBEB i%SFBNTw -B BQSFDJBDJØO FSSBEB WJFOF FO FM ÈNCJUP NVTJDBM ZB RVF &MJOPS UPNB QSFTUBEPT MP NJTNP DJFSUPT FMFNFOUPT EJTDPUFRVFSPT GVOL BOE TPVM JODMVJEPT RVF EFM SPDL Z FM QPQ QBSB DPOTUSVJS VOB JEFB EF BMUP DPOUFOJEP CBJMBCMF -P JOUFSFTBOUF EFM BTVOUP FT TV MVHBS EF QSPDFEFODJB 0BYBDB &TP WJFOF B EFNPTUSBS VOB WF[ NÈT MB JEFB EF BMEFB HMPCBM RVF MB NÞTJDB QMBO UFB TJO JNQPSUBS MB QPQVMBSJEBE P OP EFM SPDL BOE SPMM QPS BRVFMMB HFPHSBGÓB 3FDPNFOEBCMF QBSB TBDVEJS FM USBTF SP {2VFKBT " QBDP[BNVEJP !ZBIPP DPN NY

7HUPL HO 'PUPT "MFKBOESP 1BJ

> ^¥{>

WD

"

'DQL

0D[

#6 9

O %H DÃ&#x2DC;

ER

5

8 (

9

EHUWR 5R

,¸zY 1PS "MFKBOESP (PO[ÈMF[ $BTUJMMP

BEB EF WFOEFS VO SNB NÈT BQSPQJ GP

MB

FT O HF M HSVQP BS JDPT FOHP VOB DJUB DPO F SB QMBUJDBS EJTDP EF #BCBTØO ×ÓB /P QB TJFSPO FO MB DPNQB PT FT T QV DP P OJ F M TØ ÏT CB O #B HB TMP UJOP &M FN F I B QS : BTy TJFN TDP "OPDIF M UFNB EF MBT NPE TPCSF TV OVFWP EJ PSUVOJEBE TÏ F PQ MB P {O EP OJ F UF PM ÓB OE BC ZÏ BOUFT I UBEP IV SJÈO UFOJFOEP EF DIBSMBS DPO "E NF MB PCSB TF .F GB PSNFT DPO FTB GSB PEF N DPNP QSFUFYUP *O BTJØO EFTDV 1FSP {FTUÈO DPOG O DP UF MB UP FT SFCÏ Z FO BRVFMMB PD QBSFDF RVF FM USB P OE UB QSFWJB EFM DPNCP FO FT QS VP OP FTUÈ SF FTP FT DPPM T VOB DVFT CSÓ RVF FTF JOEJWJE FODVFOUSBT TPCSF UBSJNB SBDJØO PT IPZ Z CVFOP & N WJ MB

TF MP

SB EP B G BO &T DV UF EF MB JOEVTUSJB O MB JEFB VO QBQFM PHSÈmDB EF MB HFO

TFSJP TF MB DSFF $P TD FO FO EJ

O PT MBN UJØ FN T H FU

Ó F N KP T P T JSJ OP UJQ FM /PTPUSPT OP SNF DPO ÏM NF E SB O OU DF DP IB

FO MB MP

B FT PT SÓB VF FMM WF R NPT FO MP EF RVF WPM BM RVJOUF UJOH OPT JONJTDVJ VF BIPSB BMCFSHB LF R BS SB N VF FM JTR E F MB .

DJB IB PDIF

BTUB BIÓ MMFHBNPT IP BMHP EF FTF "O UP NJFOUSBT FTDVD Z NFEJUP MP MFKPT RVF FM PCSB ) O MØ DJFOUF EJTDP TBT JOTUBMP FO VO TJM RVFM FSJ[P DPO mMP $VSJPTBNFOUF "OPDIF TV SF F %VFOEF F B E USB FO DV FO P 1PCS NBDJ[P HSVQP TF VO USBDL MMBNBE IFBWZ NFUBM SPDL MBCB DPOUJFOF NJSFO MP RVF CV iy QVOUBT EF IJQ IPQ N

FB USB F E MF

RV MB P F FD OU DI TB QB SF O P UF DUS JO

FMF &T Z IBDF ZB CPTBOPWB EF EFM SPDL MP IB DIP DPO FM EVFO EFM TVCUFSSÈOFP

FT FT IF DJG B O SF IB VO

BS T FO O MP P

DP

UJE USF FB FO OJDPT DPRVFU MP IBO DPOWFS

TØ CB EP [B F #B B SP RV TU PS FT EF "I SF

EJF[ B×PT TVNJTJØOyw {$ UB NBM UBNQB FTUÞQJEB EF BE FM NPNFOUP RVF FT FM QPQ Z OP MF TJFO JE UJW FD FG UF DPO FO BOUF GSFO SFUSB FOEP DPNP HSVQP TJO TBCFS RVF NJSP VO DBSUFM HJH WJ WJ IP O VD UÈ TD T F T USB BO US JFO .

VF /*$04 -B CBOEB R UF B NÓ i#"#"4»

5

TV EJTDP DPO BOFBEP WFOEFS QM

BO OÓ UF

JDP ÏY .

FIÓDVMP FTB GSBTF DPNP W VO QPDP EF F FTF UFNB IBCMB RV 1VFEF TFS TÓ 1PS SB SPDL RVF BM SPDL B MB DVMUV B DPOWFS DØNP TF WBQVMFB F I M T JDB UJMÓTUJDP Z NVT NÈT BMMÈ EF BMHP FT FOUF B MBT DPTBTy SB GS UJEP FO VOB QPTUV V QÞCMJDP FT DBNCJBEP BIPSB T 4VT FTDVDIBT IBO DJBT EJTUJO FO YJH JP DPO PUSBT F NVDIP NÈT BNQM EJF[ B×PT HVJEPSFT EF IBDF UBT B MBT EF TVT TF PT SJUNPT RVF O M T F O NÈT NFUJEP 4Ó DBNCJBSPO FTUÈ FSP OPTPUSPT B MB WF[ VTBNPT 1 JNQPOF FM NFSDBEP JFOUB B OVFTUSP GBWPS QBSB SSBN FTP DPNP VOB IF "OUFT UFOÓB NÞTJDB TBMHB B MB MV[ BIPSB RVF IBDFS RVF OVFTUSB Z JP BD TQ UFOFS VO F NPT RVF QFMFBS QPS NPT NÈT +BNÈT OPT QSPQV

OPT QBSFDÓB EP TB 5F OPUBT DBO UP IBDJFOEP MP RVF NØWJM FWPMVDJPOB PT MP EJTGSVUB FO N OF PN UF N

MP FM PT FO OJN PT WF {&M WJBKF GVF EVSP PT IÓ 5PEP FT 4JFNQSF GVJN FO -JNB Z EF BIÓ O MVHBS Z TF RVFEB B B UPDBS B TJNPT MMFHBS B BMHP 6O QPDP FTUVWJNPT UJUMÈO Z 2VFSÏUBSP SVQP RVF MMFHB B VO VF OPT QFSNJUBO JS O H R T V PT P F JTD T O E BV UB DP $V VT OJ H PT O #BCBTØ VF R MP FS BDÈ QBSB UPDBS FO QSF FT IBD RVF USBUBNPT TJFN USBUB {EØOEF MP EFKB MP TF B TP JTU BK F F C E TV PT O SO UB TJ QSFTFO JTGSVUBCBO EF 1FSP MMFHBSPO BT VOPT DVBOUPT E FO BQ EP BO DV T FM

SPO QFSEJØ T UJFNQP B FYUSB×BS EF FTP Ø FO -JNB QPSRVF O PUSBT CBO &M CBKJTUB TF RVFE CB×P 5VWJNPT RVF UPDBS {"MHP QBS ODJB DPNQBSUJEB DP DJF OT FM DP FO EP MHP OB OJ EØ V VF TP P

N TV F R PT WVFMP T IBCÓB DP BT BDÞTUJD MP NJTNP )BCÓB B EF FTB ÏQPDB RVF NPT BMHVOPT UFN BT BTQJSÈCBNPT B DP PE QP U O V ÞO ×B N USB DP FY FO TJO ÏM BTÓ RVF IJDJ BKP 1FSP TÓ TBGØ 1VEJNPT 4F FYUSB×B TF FTDFOBSJPT Z EBT FYJTUÓB BMHP PT UP C BN SF

JO SUÓ OU FP Ó T QB Z F V O BT T SJU PN ÈT QÓ T EB T D Z PUSPT N F Z UPEP NCJP "OUF B IBCÓB VO FT )BCÓB NVDIB HFOU FM SFS QSPQPOFS VO DB VT DPTBT Z MBT DVJEB &O MPT OPWFOU PT VF N R SSF

EF DP MMF SF MF SB JDB TBDBSMP BEFMBOUF IP ÞT F T FOUF " T DPNP RVF MB N B DBEB RVJFO IBD OPDIFT VF TF EJP OBUVSBMN FTUBCBO NVZ MPDP QFOEJFOUFT Z DPOPDFO MBT FTP BIPS FOUSF MBT CBOEBT R ×BS FM EFTQSFKVJDJP BVORVF IVCP DBSMB O JØ VO N DP O UÈ OB FT V SB TB YU SB F IJQQJF PT QB FN JTP N PE HB B MB HFOUF FS Q OFUB TJO Q FTB ÏQPDB BOB FO VOB DBNJP CJÏO IVCP DBNJOP TPMPT %F DBODJPOFT MB GSPOUFSB EF 5JKV PUSP EÓB UPDBS 5BN PTPUSPT EP BM BO Z V[ PT DS BE JS SF SN BE N EP PT F O TJO F PE RV RV

O U TUB JØ MMB VF UB BW CB NBS VO SB MB SFTQ QPS FM MFNB EF M QBÓT QBSB MVFHP UP VNCP NÈT QPSRVF OP FYJTUÓB BGVF &TUPZ JOUSJHBEP BOEB RVF USBOT EF O S B C TJ JT iF SJT DI F D OP T E UP B " FO QSFTVNFO QBS SFP RVF OP NPN MUVSB FO NPEBw $ GPSNØ MB DPOUSBDV

7BZB WBZB MUVSB FO NPEBw DV SB OU DP MB Ø SN GP O DPOUJHVP DPTUBEP FO FM TJMMØ )BZ VO IPNCSF B USP RVF TF FO DV EF SFPKP FO P SJE VS BC

UB OP

TF BSFDF VOB SNJEP DVBOEP BQ FTUÈ RVFEBOEP EP SB Z OPT MFWBOUB B MPT EPT VF QFSTPOB EF MB EJTR B 6OB WF[ EFOUSP NF QSF JO mD B P VO B OPT EJSJHF BNCPT FY SNJMBEP EFM TJMMØO %JFHP EP P B FU VK M T B B OU TF FT ÏM B DI SF EF P B NBO UFOEFNPT OVFTUS CPSFT FO #BCB BN T U MP BS QF PM FM FODBSHBEP EF H SPKPT ÏM TF T PKPT FTUÈO CJFO TØOJDPT 4F UBMMB MP "TÓ RVF NJFOUSBT "ESJÈO UF NVFWF QFTBEBNFO SB PmDJOB %JFHP Z ZP JO PU O B F HV FO BnPKB MB M S MB DIBSMB DBMJFOUF UFOUBNPT NBOUFOF

BKBEP DPO +JNJ )FO 1IJMM #SPXO FTUÈ QFTBEP IB USBC ESJY -FE ;FQQFMJO Z TÓ FTUÈ QFTBEP #SPXO OP QBSB EF USBCBKBS EFTEF .VTJDy #PC .BSMFZ 3PCFSU 1BMNFS 3PYZ SUP Z EJSFDUP TJO CJGVS 4JFOUP RVF "OPDIF FT VO EJTDP DP DBDJPOFT 1PQ EPOEF MB NÞTJDB WJFOF B "IPSB OPT IFNPT TVCJEP B VO USFO EJBUF[ "IPSB OVFTUSB JONF DPO FSB TBUJTGBDFSOPT EF PUSB NBO F NVDIPT UFNBT OP RVJFSF NÞTJDB FT DPSUB TJNQMF DPO EJTDPT E UBO OBEB 1FSP FT TJODFSB FTFO SFQS F OP TPCSFDBSHBSTF EF DPTBT RV VTBNPT BSUJMVHJPT RVF ZB OP 1BTBNPT QPS NVDIBT FUBQBT BOUFT QFSP MP RVF OPT NPWJØ B IB JDB BTØO #BC FTUÈO DPNP FO FM EJTDP WØ B IBDFS "OPDIF MB NÞTJDB DFS FTF EJTDP FT MP NJTNP RVF OPT MMF TÓ NVZ EVSP Z SFTQPOEÓB B EP B SB UP VF F DP R #BCBTØOJDB GVF VO EJT ÓB RVF EFCÓBNPT FYQMPUBS $SFP BMHP RVF FO FTF NPNFOUP OPT QBSFD FSJEBE RVF BIPSB QSFTFOUB BVTU O MB Z DP RVF BOUFT GVJNPT TJODFSPT UBS TFHVSPT O FT NPT MP TFHVJNPT TJFOEP EF FTP QVFEF OUP UJFNQP QPESÈO NBOUF &M SJUNP EFM HSVQP FT BDFMFSBEP {DVÈ JEBE FMPD OFSTF USPUBOEP B FTB W P EJTDPT F TBMJNPT EF 4POZ GVF /BEB FT QBSB TJFNQSF /P DSFP RVF TJHBNPT DPO FTUF SJUNP IBDJFOE IPSB WB BTQJSÈCBNPT IVCJFSB -B ÏQPDB FO RV TUB B F IB P RV B MB EFSJWB Z CVFOP GVF UBO SÈQJEP P RVJ[È TÓ OP TÏ FTP MP WBNPT WJFOEP $SF DÓSDVMP VO NPNFOUP FO FM RVF FTUVWJNPT P VO DPN OEP FSSB UJS CTJT WB D F TV F TF BT E P RV USBT GPSN B TFHVJS QPS VO SBUP NÈT )FNPT WJTU EJGÓDJM QFSP TFHVJNPT JOWFOUBNPT P CJFO BVORVF DPO FTP TVCTJTUJNPT NÈT DVBOEP OPT BCVSSBNPT WBNPT B QBSBS %F NPNFOUP FTUBNPT DPO DPNQJMBDJPOFT BVUP HFTUJWBT Z FWB B NVDIP POMM UP D P FT J[B UPE HBO SRVF B PS T QP Z VO FOBEP IB T VO QPDP EF TBUVSBDJØO B WFDF JNP TVGS EF VO B×P "IPSB UPEP FT NÈT PSE PT NVZ CJFO BTBN MB Q

DBOTB 1FSP UBNCJÏO QVFEFT IBDFS NÈT DP UJFNQP GVFSB NVDIPT WJBKFT Z FTP DJØO RVF QPS VO MBEP FT NFKPS QPSRVF

USBT DPO SPT Z VT Q B UJFOF T OPDIFT MBSHBT EF SFWFOUØOy TBT Z NFKPSFT QSPEVDUPT $BEB FUBQ DFMBSPO Z FTUB FUBQB FT CVFOB T EFM TVS EF .ÏYJDP DVBOEP TF DBO $PNP MBT RVF WJWJFSPO FO MBT QMBZB MPT QSFNJPT .57 QPS FM IVSBDÈOy $PO "OPDIF DPNP TPVOEUSBDL SJPS GVF NVZ CVFOB &TUÈCBNPT FO GVJNPT B "SHFO OPT DBS Z F UP PT E BSBN [P Q QBTØ OBEB SJTBT 1FSP MB OPDIF BOUF NBS IÓ OP /P B 4Ó B mOFT EF HFOUF DPO B VO DBNQP FO MB TJFSSB 1MBZB EFM $BSNFO RVF FT VO QVFCMP #BCJMØOJDP DPO NVDIPT CBSFT Z OUFy UJOB B $ØSEPCB VO QBS EF TFNBOBT NVMB FTUJ VDIP

PM N HSB MDPI PT Z IP B NVD BZBN M TFU FOT EJWFSUJSTF NVDIPT FYUSBOKFSPT T EF HBOB BMFKBEP EFM SVJEP Z BIÓ NPOUBNPT F PT B HSBCBS GPSNBMNFOUF CBNPT UFNBT &M EJTDP MP FNQF[BN P IBZ NÈT T FO MPT FTUVEJPT 1BOEB : DVBOEP TF QBTFBO GSFOUF B VOP FTB DMBTF EF PQPSUVOJEBEFT O F EÓB FJOU PT W Ø VO MMFW FO KVMJP Z OPT

DFS MB NF[DMB Z B MB NJUBE RVF BQSPWFDIBSMBT Z $JSDP #FBU 1IJMM #SPXO WJOP B IB EF MB FTRVJ BNPT FM NBUFSJBM B "O 4Ó DVBOEP TF EB TF EB /P FT BMHP RVF VOP TF FODVFOUSF B MB WVFMUB BOE F N DMB M NF[ Z MB JØO EF MB HSBCBD P F FT ÏO E

NCJ JCB B TPOBS Z OP DPNQJMØ OB TJFNQSF "EFNÈT UÞ TBCFT RVF FM SPDL OFDFTJUB UB ESFX 8FJTT Z ÏM TFMFDDJPOØ MP RVF DMB EF 1IJMM NF[ B MB QBS QBSØ T QSF MPT UFNBT Z MP

-Â&#x20AC;c 'PUPT "MFKBOESP 1BJ

" "

.6 6 # 6 #6 9 } 'PUP "MFKBOESP 1BJ

/Â¥zI¸¨®1Â¥I>Â&#x2020;>¨ 1PS "MFKBOESP (PO[Ã&#x2C6;MF[ $BTUJMMP

)

BDF QPDP EFTDFOEÃ&#x201C; B VO BHVKFSP B VOB EF FTBT USJODIFSBT EPOEF FM WFS EBEFSP SPDL BOE SPMM TF NBOUJFOF WJWP DBEB mO EF TFNBOB 6O BNJHP EF MPT QVOLT EF MB WJFKB FT DVFMB NF JOWJUÃ&#x2DC; &M IPZP FO DVFTUJÃ&#x2DC;O FSB FO SFBMJEBE VOB DBTB NVZ QF RVFÃ&#x2014;B Z BEFOUSP IBCÃ&#x201C;B BNPOUPOBEBT BM NF OPT DJFO QFSTPOBT MB NBZPSÃ&#x201C;B TVKFUPT DPO MB DBCF[B BGFJUBEB UJQPT RVF IBDÃ&#x201C;BO DIPDBS TVT DBHVBNBT FO FM BJSF NJFOUSBT VO HSVQP FTDV QÃ&#x201C;B QVOL BM GPOEP EFM MVHBS EFTHBSSBOEP TV HBSHBOUB BM HSJUP EF i`0J 0J 0J w

"QFOBT IBCÓB VO GPDP BMVNCSÈOEPOPT B UPEPT FO FM DFOUSP EF FTB EJNJOVUB FTUBODJB &M DPOKVOUP RVF TF BQSFUVKØ FO EPOEF TF TVQPOF JSÓBO MPT TJMMPOFT MB iTBMBw EF FTF EVMDF IPHBS FKFDVUB CB QVOL NBDJ[P JODMFNFOUF OP BQUP QBSB RVJTRVJMMPTPT DPO JOTUSVNFOUPT Z FRVJQP EF BNQMJmDBDJØO FO QÏTJNBT DPOEJDJPOFT -PT BTJTUFOUFT DFMFCSB CBO FVGØSJDBNFOUF FM SVJEP RVF EF FTBT WJFKBT CPDJOBT TBMÓB PQBDBCBO DPO TVT HSJUPT UPEPT MPT EFTQFSGFDUPT `0J 0J 0J {2VÏ TJHOJmDB FTF HSJUP EF CBUBMMB DPO FM RVF TF EFTHB×JUBCBO FTBT DBCF[BT SBQBEBT UJQPT MBTUJNBO EP BM TVFMP DPO TVT CPUBT EF QVOUB EF BDFSP FOGVOEBEPT FO QBOUBMPOFT FOUBMMBEPT Z DPO UJSBOUFT TVKFUÈOEPMFT MPT IPNCSPT

} *OHMBUFSSB .FEJBEPT EF MPT TFTFOUB (SVQPT DPNP 5IF 8IP 5IF "OJNBMT P 5IF ,JOLT DPOUBCBO DPO VOB NBTB EF TFHVJEPSFT EF MB DMBTF NFEJB JOHMF TB DPO PÓEPT B QSVFCB EF GFFECBDL Z TF IBDÓBO MMBNBS NPET &TPT NPET GVFSPO UFTUJHPT EF DØNP MB FSB IJQQJF EJMVÓB FO ÈDJEP MB WFOB CSVUBM EFM SPDL BOE SPMM RVF FMMPT QSFGFSÓBO MB EF DFS WF[B TFYP EJSFDUP Z SJ×BT FO FM CBSSJP "TÓ RVF DPO MPT IJQQJFT EFSSBNBOEP BNPS QPS MBT DBMMFT EFDJEJFSPO DBN 5PEP BOEBCB FO PSEFO IBTUB RVF FTBT DBCF CJBS TV OPNCSF B IBSE NPET Z IBDFSTF EF OVFWPT DPNQB×FSPT EF FT [BT SBQBEBT DPNFO[BSPO B QFSNJUJSMF FM BDDFTP RVJOB &NQF[BSPO B KVOUBSTF DPO MPT SVEF CPZT VO DPOUJOHFOUF EF B FTUÞQJEBT JEFBT SBDJTUBT &YUSB×P {DØNP VO UJQPT QSPWFOJFOUFT EF +BNBJDB RVF DPNQBSUÓB MBT NJTNBT BmDJPOFT BNBOUF EF MB NÞTJDB OFHSB QPESÓB UFOFS QSFKVJDJPT QFSP DPO DPOEJNFOUPT DBMJFOUFT DPNP FM SPDLTUFBEZ FM SFHHBF Z SBDJBMFT IBDJB RVJFOFT MFT EFCÓB JOnVFODJB Z IBTUB FM TLB &M JOUFSDBNCJP SBDJBM QSPWPDØ RVF MPT IBSE NPET RVJF JEFOUJEBE -MFHBEPT MPT TFUFOUB FO *OHMBUFSSB GVF MV OFT QPS DJFSUP TPMÓBO QBTBS TV UJFNQP MJCSF NF[DMBOEP GÞUCPM HBS DPNÞO FTDVDIBS RVF MPT TLJOIFBET FSBO SFTQPOTB DPO WJPMFODJB FO MPT FTUBEJPT SBQBSBO TV SVCJB NBUB EF CMFT EF BMHVOPT EJTUVSCJPT DPNP HPMQJ[BT B QBRVJTUBOÓFT DBCFMMP Z DPNP TJ GVFSBO OFHSPT QSPMFUBSJPT TF IJDJFSBO QBLJ CBTIJOH Z B QPMJDÓBT #VFOP TÓ FSBO DPOnJDUJWPT BMHV EF CPUBT Z UJSBOUFT EF PCSFSP DSFÈOEPTF VOB GBDIB OPT TLJOIFBET FSBO IPPMJHBOT Z EJTGSVUBCBO BM FYUSFNP TV ÈTQFSB Z NBMFODBSBEB 4F HBOBCBO FM QBO FO USBCB FVGPSJB GVUCPMFSB EFTQVÏT EF DBEB QBSUJEP TPMÓBO IBDFS B×JDPT KPT EVSPT EF KPSOBEBT QSPMPOHBEBT FSBO MB DMBTF FTUBCMFDJNJFOUPT Z MP RVF TF MFT BUSBWFTBSB "TÓ RVF MB MFZ BQMJDØ USBCBKBEPSB JOHMFTB Z FTUBCBO PSHVMMPTPT EF TVT NFEJEBT Z FM SFTVMUBEP GVF VOB TJHOJmDBUJWB CBKB EF TLJOIFBET FMMP &TDVDIBCBO MB NÞTJDB RVF MFT USBKFSPO FO &VSPQB VO CVFO OÞNFSP EF BSSFTUPT MPT USBOTGPSNØ FO TVFEF TVT DPNQJODIFT KBNBJRVJOPT Z MB DPNCJ IFBET VOB DMBTF EF TLJO NVDIP NFOPT SBEJDBM FO BDUJUVE Z GBDIB OBCBO DPO DFSWF[B SFQVEJBCBO B MPT IJQQJFT Z FSBO BHSFTJWPT "DBCBCBO 5PEP FTP TVDFEÓB BM UJFNQP RVF VO HSVQP MMBNBEP 4FY 1JTUPMT TF QBTFBCB QPS MPT TFTFOUB Z ÏTPT ZB QSFTVNÓBO MB 57 FTDVQJFOEP BM RVF TF MF QBSBSB FOGSFOUF MVDJFOEP DBNJTFUBT RVF QSFTVNÓBO VO NPUF OP FSBO MFNPO MB TVÈTUJDB OB[J -PT EFTQJTUBEPT UVWJFSPO TVmDJFOUF DPO FTP Z TVT DPODMVTJPOFT GVFSPO IFBET OJ QFBOVUT OP DMBSBT iQVOL FSB TJOØOJNP EF OFP OB[JTNP Z MPT TLJOIFBET RVF QPS BIÓ RVFEBCBO FO MBT FSBO TLJOIFBET CBORVFUBT GPSNBCBO QBSUF EF FTB FTDPSJBw /BEB NÈT GBMTP MBT QBOEJMMBT EF TLJOIFBET FSBO NVDIBT WFDFT NVMUJSSBDJBMFT BTÓ RVF MBT SJ×BT Z FM BNCJFOUF WJPMFOUP RVF QSFWBMFDÓB FO MBT DBMMFT QBSFDÓBO PCFEFDFS B PUSBT SB[POFT NVZ MFKBOBT BM SBDJTNP RVJ[È TF USBUBCB EF MÓPT EF GBMEBT DPOnJDUPT iUFSSJUPSJBMFTw Py EJGFSFODJBT FO FM GÞUCPM $MBSBNFOUF TF USBUBCB EF VOB DBNQB×B EF EFTQSFTUJHJP QPS QBS UF EF MPT NFEJPT BNBSJMMJTUBT JOHMFTFT -B DPNFSDJBMJ[BDJØO JOTBOB EF UPEP MP RVF UVWJFSB RVF WFS DPO MB QBMBCSB QVOL EJP FM QVOUBQJÏ mOBM QBSB TFS QVOL IBCÓB RVF JS B MB CPVUJRVF EF NPEB DPO MB DBSUFSB CJFO HPSEB 3FQFOUJ OBNFOUF FM FTQÓSJUV EF SFCFMEÓB Z USBTHSFTJØO FTUBCB CJFO NVFSUP TJO FNCBSHP ZB SFTPOBCB FO MBT DPMBEFSBT BMHP RVF FNQF[BCB B EFOPNJOBSTF SFBM QVOL P TUSFFU QVOL VO SVJEP RVF QSFUFOEÓB MMFWBS EF WVFMUB BM QVOL EF VOB TPMB QBUBEB B FTB DPMBEFSB EF MB RVF OP EFCJØ TBMJS KBNÈT 0J BTÓ TF MMBNBCB MB QSPNFTB Z VOB OVFWB IPSEB EF TLJOIFBET MMFHØ UBNCJÏO UPNÈOEPMF MB NBOP 4Ó PUSB WF[ WJDJP WPMUJPT SBCJB UPEP FO DVBUSP JOTUSVNFOUPT FKFDVUBEPT QPS PCSFSPT FODBCSPOBEPT TPCSF MB UBSJNB UPDBOEP QBSB PCSFSPT FO MBT NJTNBT NÓTFSBT DPOEJDJPOFT P NÈT NPMFTUPT BÞO

} :B FYJTUÓB VOB DBNBEB WPMVNJOPTB EF HSVQPT BOUFT EF RVF GVFSB CBVUJ[BEB QPS FM QFSJPEJTUB NVTJDBM (BSZ #VTIFMM DPNP 0J 4IBN -BTU 3FTPSU "OHFMJD 6QTUBSUT $POEFNOFE $PDL 4QBSSFS .FOBDF 4MBVHIUFS BOE UIF %PHT 5IF -VSLFST *OGB 3JPU 5IF

#VTJOFTT 4LSFXESJWFS 4LJOT #MJU[ $PNCBU 3FE "MFSU VO UÏSNJOP QSP WFOJFOUF EF )PJ :PV BMHP BTÓ DPNP FTDVQJS i`)FZ UÞ w B VO DBNBSBEB DPO HFTUP SÓTQJEP "OUF MB MMFHBEB EFM 0J MPT TLJOIFBET TPCSFWJWJFOUFT EFM PCTFSWBCBO FO TJMFODJP FM PMFBKF EF DBNCJPT /P FTUBCBO DPOGPSNFT Z FT NÈT EFUFTUBCBO B MB OVFWB HFOFSBDJØO QBSB FMMPT TF USBUBCB EF QVOLT EF QPTUBM QFSP SBQBEPT &M MVHBS RVF BNCPT CBOEPT FODPOUSBSPO QBSB SFTBOBS TVT EJGFSFODJBT GVF MB DBMMF DPO MPT QV×FUB[PT DPNP NFEJP .VDIBT QFMFBT UVWJFSPO RVF TVDFEFS QBSB RVF FTF QBS EF HFOFSBDJPOFT FTUSFDIBSBO TVT DBMMPTBT NBOPT .JFOUSBT UBOUP FM CVMUP EF HSV QPT RVF GVFSPO FODFSSBEPT FO FM DÓSDVMP 0J QBSFDÓB OP FTUBS UBO QSFPDVQBEP QPS FM IFDIP UBNQPDP QPS TFS DBMJmDBEPT DPNP VOB iHFOFSBDJØOw P BMHP QBSFDJEP FMMPT UFOÓBO FO MB NJSB BM FOFNJHP DPNÞO MB FYQMPUBDJØO MB NJTFSJB MB JOFQUJUVE HVCFSOBNFOUBM 1BSB FM 0J MBT QBMBCSBT SBDJTNP GBTDJTNP Z OB[JTNP OP TJHOJm DBO EFNBTJBEP BM NFOPT OP UBOUP DPNP FM UÏSNJOP GÞUCPM OP GPSNBO QBSUF EF TVT JOUFSFTFT &O FTPT EÓBT BM NFOPT QSFGFSÓBO DSJUJDBS B MPT QVOLT EF QPTF Z B MPT IPNPTFYVBMFT P TPCSFWBMVBS B MB CBOEFSB EF *OHMBUFSSB Z MB DPOEJDJØO PCSFSB RVF QBEFDÓBO DPNP JOEJWJEVPT 4JO FNCBSHP TÓ IBCÓB HFOUF JOUFSFTBEB FO RVF TVT JODMJOBDJPOFT TF NPEJmDBSBO TPCSF UPEP MBT QPMÓUJDBT IBCÓB RVJFO MPT RVFSÓB QPMÓUJDBNFOUF BDUJWPT BMHP EF MP RVF DBSFDÓB VO CVFO OÞNFSP EF MB NBTB {1PS RVÏ OP 5PEPT FTPT TLJOT QPEÓBO FODFSSBSTF FO VO DPSSBM QBSB NBOUFOFSMPT RVJFUPT Z EF QBTBEB JOUFHSBSMPT BM TJTUFNB ²TF GVF FM QMBO FM FOFNJHP UFSNJOBSÓB USBHÈOEPTF B TVT EFUSBDUPSFT DPNP TVFMF TVDFEFS

SBODJB VOB FYDFMFOUF DPNCJOBDJØO FSB FM TJHVJFOUF QBTP &M QBSUJEP JOHMÏT EF VM USB EFSFDIB /BDJPOBM 'SPOU TF FODBSHØ EF FOKVBHBS FM DFSFCSP EF NVDIPT TLJO IFBET DPO MPT NFEJPT EF DPNVOJDBDJØO DPNP BMJBEP VO QPDP EF QSPQBHBOEB DPO OBDJPOBMJTNP EFGPSNBEP CBTUØ QBSB RVF TV mDJFOUFT TLJOT TF BmMJBSBO BM QBSUJEP 5PEPT FTPT OVFWPT NJMJUBOUFT OP TØMP QPMJUJ[BSPO EF MB NBOFSB NÈT DPSSJFOUF FTP RVF ZB FNQF[B "VORVF IBCÓB TVmDJFOUFT NBUJDFT CB B UPNBS GPSNB FYJTUÓBO ZB BMHVOPT CVFOPT FO FM UPOP EFM DVFSP DBCFMMVEP BDPQMBEPT EF 0J 0J 5IF "MCVN Z 4USFOHIU EF FTBT DBCF[BT SBQBEBT DPO 5ISV 0J Z TVmDJFOUFT FYQPOFOUFT TJOP RVF OFHSPT IJOEÞFT PSJFOUBMFT QFSGFDDJPOBSPO VOB GØSNVMB RVF MMFWBCB UJFNQP FVSPQFPT Z BNFSJDBOPT USBNÈOEPTF QBSB FNCBSSBSTF FO MB NFOUF EF NJ UBNCJÏO TVmDJFOUFT FMF MMPOFT EF QFSTPOBT Z BÞO IPZ TF NBOUJFOF TJO EFT NFOUPT QBSB SFDSVEFDFS QFKBS TLJOIFBE QVOL OFP OB[J "TÓ BQBSFDJØ VOB MPT QSFKVJDJPT RVF FOUSF OVFWB DMBTF EF SBQBEP FM CPOFIFBE P TLJO OB[J Z FMMPT FYJTUÓBO IFSFEB UBNCJÏO NJMFT EF JNJUBEPSFT RVF BEPQUBSPO MB GØSNVMB EPT EFTEF IBDF TJHMPT TJO JOWFTUJHBS EFNBTJBEP $PO FM QMBO PSJHJOBM UPUBMNFO &DIÈSTFMPT B MB CPMTB UF EJTUPSTJPOBEP JODMVTP BQBSFDJFSPO MPT MMBNBEPT SFET SÈQJEP BDFOUVBOEP LJOT EF BmMJBDJØO DPNVOJTUB BSSJCBSPO PUSPT UBOUPT RVF TÓ TV NBSDBEP OBDJP QPTFÓBO UFOEFODJBT GBTDJTUBT EFTEF UJFNQP BUSÈT Z B RVJFOFT OBMJTNP BZVEBEPT MFT WJOP DPNP BOJMMP BM EFEP VOB GBDIB DPO MB DVBM QBTFBSTF EF TV BmOJEBE QPS FM NVOEP DPO MPT EJTDPT EF 4LSFXESJWFS P &YQMPJUFE EF DPO MB FTUÏUJDB GPOEP VO QBS EF HSVQPT RVF BCJFSUBNFOUF IBO BDFQUBEP TVT JO Z BDUJUVE NJ DMJOBDJPOFT SBDJTUBT MJUBS WJP MFODJB F JHOP

4)"31 4LJOIFBET $POUSB FM 1SFKVJDJP 3BDJBM 3"3 3PDL $POUSB FM 3B DJTNP 3"4) 4LJOIFBET 3PKPT Z "OBSRVJTUBT {$ØNP EFOPNJOBSMPT {"TP DJBDJPOFT DPMFDUJWPT PSHBOJ[BDJPOFT (SVQPT EF DBCF[BT SBQBEBT RVF UJFOFO CJFO DMBSP RVF FM SBDJTNP OP FT FM DBNJOP Z RVF EFCF TFS FMJNJOBEB MB NBOJQVMBEB WJTJØO RVF TF UJFOF EFM TLJOIFBE FO FM QMBOFUB 0J 0J 0J &TF TJHVF TJFOEP FM HSJUP EF CBUBMMB "EFOUSP EF FTF BHVKFSP EF TLJOIFBET EFGFDUVPTPT RVF WJTJUÏ TVQF EF MBT NFNPSJBT MPDBMFT VOP EF FTPT HSVQPT SBDJTUBT &YQMPJUFE UVWP MB PDVSSFODJB EF WJTJUBS FM % ' QBSB PGSFDFS VO DPODJFSUP DVBOEP ZB IBCÓBO EFDMBSBEP BCJFSUBNFOUF TV SFQVEJP IBDJB MPT NFYJDBOPT $PO NFTFT EF BOUFMBDJØO B TV MMFHBEB TF PSHBOJ[Ø VO CPJDPU BTÓ RVF TF DPSSJØ MB WP[ FOUSF MB CBOEB QVOL iIBCÓB RVF BSSVJOBSMFT MB mFTUB B FTPT JOHMFTJUPT SBDJTUBTw &M PDIP EF BHPTUP EFM BGVFSB EFM %FQPSUJWP .JOB MB CBOEB NÈT FTQFTB BHVBSEBCB FO MB CBORVFUB FM NPNFOUP BQSPQJBEP BSNBEPT DPO QJFESBT CPUFMMBT Z CBUFT NJFOUSBT MPT FODBSHBEPT EF BCSJS MB KPSOBEB EF QVOL :BQT Z 4ÓOESPNF TF BMJTUBCBO )VCP QPSUB[P 6O NVFSUP B NBOPT EFM QFSTPOBM EF iTFHVSJEBEw %FDFOBT EF QVOLT IFSJEPT Z PUSPT UBOUPT EFUFOJEPT QPS MPT HSBOBEFSPT .JFOUSBT PCTFSWBCB B FTPT QFMPOFT DIPDBS TVT DBHVBNBT BM HSJUP EF PJ PJ PJ QFOTBCB FO RVF TFHVSBNFOUF BMHVOPT EF FMMPT GVFSPO QSPUBHPOJTUBT EF BRVFM [BGBSSBODIP BTÓ RVF OP IBZ QPS RVÏ DSFFS RVF FTUBNPT MFKPT EFM QSPCMFNB &M 0J OP QPTFF VO TPOJEP DBSBDUFSÓTUJDP TF USBUB EF QVOL Z EFHFOFSBDJPOFT RVF QSPZFDUBO VOB WJTJØO EF MB SFBMJEBE VOB WJTJØO RVF TF TJOUFUJ[B DPSSFDUBNFOUF FO MBT QBMBCSBT EFM DPMFDUJWP 3PDL "HBJOTU 3BDJTN Z RVF GVODJPOBO QFSGFDUP QBSB DPODMVJS FTUF FTQFTP UFNB i&O SFTJTUFODJB QPS MB NÞTJDB SFCFMEF MB NÞTJDB DBMMFKFSB .ÞTJDB RVF EFSSVNCB FM NJFEP FOUSF MB HFOUF .ÞTJDB EF DSJTJT .ÞTJDB EF IPZ .ÞTJDB RVF TBCF RVJÏO FT FM WFSEBEFSP FOFNJHP 3PDL DPOUSB FM SBDJTNP ".03 " -" .Á4*$" 0%*0 "- 3"$*4.0w

->¥P zP®-°¥z ¨

» °® ¥z ¨

Q O 'D H ( DYjahgkYÛha]dÛh]j^][[a,f

1

Bmjlak

FSTFHVJS NBSJQPTBT 4P×BS NBSJQPTBT $B[BS NBSJQPTBT -BNFS NBSJQPTBT %FMJSBS DPO NBSJ QPTBT RVF nPUBO FO FM BJSF Z EFTQVÏT TF QPTBO DPO EFTRVJDJBOUF TFOTVBMJEBE TPCSF FM DPYJT QFSGFDUP EF %BMFOF ,VSUJT QBSB GVTJPOBSTF DPO TV TFS DPO TVT NÞTDVMPT DPO TV QJFM : BTÓ IBCJUBS UVT GBOUBTÓBT UV B[PSP BOUF FTUF USP[P EF QFSGFDDJØO BCTPMVUB "EØSFOMB (PSJMBT

,ยธzYย 1PS "MFKBOESP (PO[ร MF[ $BTUJMMP

&

SJD &M /Jร P PCUVWP FM TFHVOEP MVHBS FO BMHP MMBNBEP 3FE #VMM #B UBMMB EF MPT (BMMPT VO DPNCBUF RVF USBTMBEร B .$}T EF -BUJOPBNร SJDB &TQBร B Z &6 IBTUB 1VFS UP 3JDP EPOEF TF MMFWร B DBCP MB mOBM 4JO FNCBSHP ร TB OP GVF MB QSJNFSB WF[ RVF &M /Jร P BnPKร MB MFOHVB QBSB UVNCBS B BMHร O DPOUSJO DBOUF iVO CVFO QSFDFEFOUF RVF UVWF BOUFT EF MMFHBS B MP EF 3FE #VMM GVF RVF FM Bร P QBTBEP HBOร VOB CBUBMMB EF GSFF TUZMF EPOEF DPODVSTBSPO NVDIPT .$}T EF UPEP FM %' MB PSHBOJ[ร &.* QBSB MB QSPNPDJร O EFM EJTDP OVFWP EF #FBTUJF #PZT %FT EF BIร HBOร UBNCJร O DSFEJCJMJEBE FO FM VOEFS Z TFHVร EBOEP CBUBMMBT IBTUB RVF NF DPOUBDUBSPO MPT EF 3FE #VMM NF GVFSPO B WFS Dร NP MP IBDร B Z NF JOWJUBSPO B MB CBUBMMB EF 1VFSUP 3JDPw &TF /Jร P UJFOF ZB PDIP USBDLT FEJUBEPT DPO MB BZVEB EF TV DSFX 4POJEP -ร RVJEP FO VO QMBUP UJUVMBEP &YYYUSB[FSEP &1 i:P FTDSJ CP SBQ DVBOEP FTUPZ DPOUFOUP Z DVBOEP FTUPZ USJTUF %FQFOEF EFM NPNFOUP 1PS FKFNQMP FO NJ EJTDP UFOHP VOB DBODJร O EPOEF IBCMP EF MB JOEVTUSJB RVF WFOEF QBTUJMMBT GBKBT Z DSFNBT QBSB MPT HPSEPT QPSRVF NF NPMFTUB B MPT Bร PT ZP UFOร B QSPCMFNBT EF TPCSFQFTP Z DPNP RVF UPEPT NF FTUBCBO DIJOHBOEPw

{$Vร OEP DPNFO[BTUF B JONJTDVJSUF FO FM BNCJFOUF EFM IJQ IPQ $PNP B MPT PODF QJOUBCB HSBรถUJ QFSP EFTQVร T DPNP QBSB BERVJ SJS JEFBT FTDVDIBCB EF GPOEP IJQ IPQ Z BIร NF FNQF[ร B JOUFSFTBS $PNP QPS FM ZP WFร B B NJ IFSNBOP SBQFBS DPO TVT BNJHPT Nร T

HSBOEFT RVF NF MMFWBCBO DVBUSP P DJODP B×PT Z DPNFODÏ B DPO TFHVJS MPT EJTDPT RVF QPEÓB B HSBCBS DJOUBT IBTUB RVF EF QSPOUP EFDJEÓ HSBCBS NJ QSJNFSB DBODJØO B MPT USFDF "M QSJODJQJP DPNP RVF MPT SBQFST OP NF RVFSÓBO QPSRVF FTDVDIBCB TLB QFSP MP EFKÏ EF QSPOUP EJKF iMP EFKP QBSB TJFNQSF Z WPZ B IBDFS SBQw 6O EÓB NJ IFSNBOP NF EFTDVCSJØ SBQFBOEP B FTDPOEJEBT Z NF QSFHVOUØ TJ RVFSÓB IBDFS VOB DBODJØO MP IJDJNPT QFSP ZP IBCMBCB EF UPO UFSÓBT EF RVF FTUBCB DPO NJ IFSNBOP Z MF JCB B QFHBS BM NVOEP FOUFSP DPTBT EF OJ×PT {1PS EØOEF UF NPWÓBT &O .ÏYJDP OP IBCÓB VO MVHBS B EPOEF IVCJFSB IJQ IPQ FO MB UBSEF BTÓ RVF FSBO BWFOUVSBT :P UFOÓB Z NF JCB IBTUB *[UBQBMBQB BM ;ØDBMP BM &EP EF .ÏYJDP B EPOEF NF EJKFSBO RVF JCB B IBCFS FWFOUP QVFT ZP JCB B WFS TJ QPEÓB SBQFBS 6OB WF[ GVJ B VOB CBUBMMB EF # #PZT Z NF UPDØ SBQFBS BOUFT EF MB mOBM FOUPODFT DPNP RVF UPEPT ZB FTUBCBO BOTJPTPT QPS UFOFS TV mOBM Z NF FNQF[BSPO B BCVDIFBS BTÓ FO NJ QSJNFSB DBODJØO ZB FTUBCB QFSEJEP 1FSP FTP NF NPUJWØ EJKF iWB OP NF WB B WPMWFS B QBTBSw /P FT UBO GÈDJM UPNBS VO NJDSØGPOP OP DVBMRVJFSB 1FSP BTÓ FT FTUP B WFDFT UF BQMBVEFO Z PUSBT UF FTDVQFO

FM IJQ IPQ DSF[DB )BZ NVDIB HFOUF IBDJÏOEPMP QFSP UPEPT TPNPT SBUBT EF BMDBOUBSJMMB OP OPT WFO &O DBNCJP HÏOFSPT DPNP FM SFHHBFUPO DBEB WF[ HBOBO NÈT BEFQUPT JODMVTP FO BMHVOBT [POBT EF MB DJVEBE IBZ VOB QSPNJT DVB SFMBDJØO FOUSF FM SBQ Z FM SFHHBFUPO QBSFDFO MP NJTNP &M SFHHBFUPO FT CBTVSB /P NF HVTUB Z OP NF QBSFDF RVF MB HFOUF EJHB RVF IBDF IJQ IPQ Z UBNCJÏO UFOHB VOB DBODJØO EF SFHHBFUPO 1PSRVF FM SFHHBFUPO FT DPNP MB WFSTJØO QPQ EFM IJQ IPQ P TFB TPO DPTBT UPUBMNFOUF JSSFBMFT 4Ï RVF IBZ SBQFST IBDJFOEP SFHHBFUPO TVT DBODJPOFT IBCMBO EF RVF UPNBO DIBNQB×B RVF UJFOFO NVKFSFT Z NVDIPT BVUPT DVBOEP TV SFBMJEBE FT PUSB " NÓ OVODB NF WBT B WFS FO MB UFMF VTBOEP VOB DBEFOB DPO EJBNBOUFT QPSRVF FO MB SFBMJEBE OP MB VTP &M SFHHBFUPO FT VOB GBOUBTÓB VOB DBSJDBUVSB QBSB OJ×PT &TF NPWJNJFOUP OP FYJTUF OP MP UPNP FO DVFOUB

5BNCJÏO FYJTUF FM DMJDIÏ EF MFWBOUBS FM CBSSJP BM RVF TF QFSUFOFDF FO MBT SJNBT DPNP CVTDBOEP VOB DPOGSPOUBDJØO FOUSF [POBT DPNP TJ FM % ' GVFSB FM #SPOY " NÓ OP NF HVTUB UJSBS CBSSJP &T NVZ JOTJHOJmDBOUF QBSB NÓ QPSRVF B NÓ OP NF IBDF FM MVHBS EF EPOEF WFOHP 5JSBS CBSSJP OP SFQSFTFOUB OBEB Z TJ UVWJFSB RVF IBDFSMP SFQSFTFOUBSÓB B .ÏYJDP % ' 4JFNQSF MMFHB HFOUF &O 1VFSUP 3JDP IVCP BQMBVTPT FTUVWJTUF DFSDB B DBEB TFHVOEP FO MPT DPODJFSUPT RVF UF UJSBO VO "SBHØO P VO *[UBQBMB 4Ó TFHVOEP MVHBS 'VF CVFOP :P MP RVF RVFSÓB NÈT RVF OBEB QB Z FT BTÓ EF iDÈMNFOTF ZP WFOHP EF 7JMMB $PBQB {Z RVÏ w "EFNÈT NJ FSB DPNQFUFODJB QPSRVF BRVÓ OP IF FODPOUSBEP NVDIB DPN TJUVBDJØO EF CBSSJP FT OP TÏ KBNÈT QPESÓB EFDJS RVF FTUVWF FO VO CBSSJP QFUFODJB MPT .$ }T WBO B MBT CBUBMMBT Z OP TBCFO BQMJDBSUF CVF CJFO GFP EPOEF IBCÓB HFOUF UPNBOEP DFSWF[B FOGSFOUF EF NJ DBTB Z NB OBT MÓOFBT UF JOTVMUBO UF EJDFO iDIJOHB UV NBESFw Z MB HFOUF UÈOEPTF DPO QJTUPMBT /P ZP BQMBVEF &TP NF EFQSJNF 'VJ BMMÈ DPO MB FTQFSBO[B EF FODPO TPZ VO DMBTF NFEJB RVF USBS CVFO OJWFM Z TÓ IBCÓB CVFOPT .$}T QFSP OP MPT PDIP FSBO WB B VOB FTDVFMB EF CVFOPT "MHVOPT VTBCBO QVSBT UFSNJOBDJPOFT GFBT BTÓ EF iFT QBHB " FTUBT BMUVSBT UPZ SBQFBOEP EFNPTUSBOEP JNQSPWJTBOEPw QVSP BOEP BOEP UF EJHP RVF OP UF Z BOEP DPNP RVF OP NBOFKBCBO CJFO FM FTQB×PM )BCÓB PUSP IBDF UV CBSSJP UF EF 3FQÞCMJDB %PNJOJDBOB RVF QBSB UPEP EFDÓB iZPV LOPX IBDF UV SBQFP XIBU *}N TBZJO} w Z ZP BTÓ EF i{RVÏ SFMÈKBUF FTUBNPT IBCMBO EP FO FTQB×PMw 1FSP QVFT MB FYQFSJFODJB GVF HSBUB %JDFT RVF CVTDBCBT DPNQFUFODJB FO TFSJP {BRVÓ FO .ÏYJ DP OP MB IBZ &T VOB QFOB QFSP FO .ÏYJDP OP UF WPZ B EFDJS RVF IBZ VOB HSBO DBMJEBE EF IJQ IPQ QPSRVF OP QJFOTP BTÓ IBZ NVDIPT HSVQPT CBTVSB Z OP UPEPT TF FTGVFS[BO :B FTUVWJNPT NV DIPT B×PT DPO MB FTDFOB ZFOEP B FWFOUPT Z TJFNQSF GVF EF DFQDJPOBOUF OP IB IBCJEP NFKPSBT {2VÏ IBZ EF MP RVF TVDFEF B OJWFMFT NBTJWPT DPO $BSUFM EF 4BOUB Z $POUSPM .BDIFUF {1PS RVÏ FTPT FTQBDJPT TØMP MPT FTUÈO PDVQBOEP HSVQPT RVF EBO NBMB GBNB 0 TFB $BSUFM EF 4BOUB EJDJFOEP iUPEBT NVFSFO QPS NÓ Z TPZ VO QJODIF QBESPUFw FT BTÓ DPNP SFMÈ KBUF FM WFSEBEFSP IJQ IPQ OP FT FTP &TB HFOUF EFTQSFTUJHJB BM IJQ IPQ EF VOB NBOFSB IPSSFOEB FT NBMP RVF IBZB FTPT HSVQPT FO MB UFMF QFSP OP QVFEP EFTQSFDJBS TV USBCBKP TØMP QPSRVF OP NF HVTUB "EFNÈT FO FM VOEFS FTP OPT BZVEB VO QPDP QPSRVF TJ IBZ OJ×PT RVF EFTDVCSFO FM IJQ IPQ BM QSFOEFS .57 Z WFO B $BSUFM EF 4BOUB UBM WF[ NB×BOB TF JOUFSFTFO Z CVTRVFO NÈT mOBMNFOUF FTP OPT WB B EBS VO QPDP EF FOUSBEBT B OVFTUSPT FWFOUPT )BZ HFOUF QPS BIÓ DPNP OPTPUSPT RVF TPNPT SBUBT EF BMDBOUBSJMMB Z RVF VOB WF[ DBEB DVBUSP B×PT QPEFNPT BTPNBSOPT QBSB RVF OPT WFBO 4J IBZ EPT OJ×PT WJFOEP B $ FO MB UFMF Z NB×BOB BOEBO QPS MB DBMMF Z TF FODVFOUSBO VO DBSUFM OVFTUSP RVF EJDF iIJQ IPQw RVJ[È WBZBO 4Ó OPT BZVEB VO QPDP QFSP OPT HVTUBSÓB UFOFS OVFTUSP FTQBDJP {2VÏ DMBTF EF FTQBDJP $PNP ÏTUF &T JNQPSUBOUF TBMJS FO SFWJTUBT VO QPDP EF 57 Z SBEJP 1FSP TJO QSPTUJUVJSTF .VDIBT CBOEBT MMFHBO UBOUJUP B MB UFMF Z ZB TF QSPTUJUVZFO TF WFOEFO /PTPUSPT ZB IFNPT FTUBEP FO 57 Z SBEJP Z TFHVJNPT WJWJFOEP FO MBT NJTNBT DPOEJDJPOFT Z FO FM NJTNP MVHBS 2VFSFNPT FTQBDJP QBSB QPEFS EFDJS `IFZ OJ×PT BRVÓ FTUBNPT IB DJFOEP CVFO IJQ IPQ QBTFO B WFS DØNP &M /J×P IBDF CVFO GSFF TUZMF QBTFO B WFS %+ 'SFBL QBTFO B FTDVDIBS OVFTUSPT EJTDPT /FDFTJUBNPT FTQBDJP QBSB IBDFS RVF

¸ ® ¸°> °^

<^¥ ^Y>Y®- Pz> EFTUJOP EF "OESÏ MP EFDJEJSÈO MB IFSFODJB Z FM UJFNQP : MP QSFEFDJ CMF TVDFEJØ "M DVNQMJS MPT B×PT ZB QFTBCB NÈT EF MJCSBT Z FSB DBQB[ EF SFBMJ[BS MBT MBCPSFT EF DVBMRVJFS BEVMUP 4V JNQSFTJPOBOUF DSFDJNJFOUP TF EFCF B VO EFTPSEFO IPS NPOBM MMBNBEP BDSPNFHBMJB FM DVBM FT DPOPDJEP QPQVMBS NFOUF DPNP HJHBOUJTNP " MPT ZB FT MP TVmDJFOUFNFO UF HSBOEF MJUFSBMNFOUF DPNP QBSB FNJHSBS EFM SFGVHJP GBNJMJBS FO CVTDB EF GPSUVOB 4V QSJNFS FNQMFP MP DPO TJHVF DPNP DBSHBEPS QBSB VOB DPNQB×ÓB EF NVEBO[BT NJFOUSBT TF FKFSDJUB QSBDUJDBOEP SVHCZ Z NPMEFBOEP TVT NÞTDVMPT FO VO HJNOBTJP RVF FT WJTJUBEP SFHVMBS NFOUF QPS MVDIBEPSFT QSPGFTJPOBMFT $PNP UPEBT MBT IJTUPSJBT FO MBT RVF MB TVFSUF Z FM B[BS JOUFSWJFOFO QBSB

2VÏ FT NÈT GÈDJMNFOUF SFDPOPDJCMF {-B DBSSFSB EFQPSUJWB EF "OESÏ FM (JHBOUF {4V EFTDPNVOBM FTUBUVSB {4V DBSB FO MBT DBMDPNBOÓBT EF 4IFQBSE 'BJSFZ {$VÈOUP QFTB DVÈOUP NJEF

DBNCJBS FM SVNCP EF MB IJT UPSJB FO MB WJEB EF "OESÏ GVF EFUFSNJOBOUF MB MFTJØO EF VOP EF FTPT MV DIBEPSFT QBSB IBDFS TV FOUSBEB USJVOGBM FO FM NVOEP EFM QBODSBDJP "OESÏ MJCSB TVT QSJNF .FEJBEPT EF MPT OPWFOUB -BT DBMMFT TF WFO SFQFOUJOBNFOUF JO SBT CBUBMMBT 4V OPNCSF EF CBUBMMB IBCSÓB EF WBEJEBT QPS MPT SBTHPT SFDPOPDJCMFT B NFUSPT EF VOP EF MPT NVUBS FO WBSJBT PDBTJPOFT "OUFT EF FNJHSBS TÓNCPMPT SFQSFTFOUBUJWPT EF MB DVMUVSB XIJUF USBTI -PT NVSPT B /PSUFBNÏSJDB B DPOTUSVJS TV TØMJEB DBSSFSB Z TF FODVFOUSBO UBQJ[BEPT DPO DBMDPNBOÓBT EF MB DBSB EF "OESÏ HP[BS EF TV GBNB FO MPT SJOHT TF QSFTFOUBCB 3FOF FM HJHBOUF 3PVTTJNPõ &M SFTQPOTBCMF 4IFQBSE 'BJSFZ DPNP i-B 5PSSF &JõFM .POTUSVPw P iFM .POT VO EJTF×BEPS HSÈmDP EF 3IPEF *TMBOE DVZP QSPZFDUP EF /FP USVP 3PVTTJNPõw Z GVF PUSP MVDIBEPS RVJFO MP (SBöUJ FTUÈ SFQSFTFOUBEP FO MB FmHJF EFM EFTDPNVOBM Z GSFBLZ MMFWØ BM PUSP MBEP EFM "UMÈOUJDP QBSB EBSTF B DP MVDIBEPS %FTEF "OESÏ ZBDF FO VOB UVNCB QBSJTJOB OPDFS &EPVBSE $BSQFOUJFS VO MVDIBEPS GSBODP QFSP TV GBNB SFDPSSF oPUSB WF[ MBT DBMMFT EF MPT &TUBEPT 6OJ DBOBEJFOTF RVF TF IBMMBCB EF HJSB FO 'SBODJB WJP EPT &T NPNFOUP EF SFDPSEBS RVJÏO GVF FM NPOTUSVP Z QPS FO ÏM VOB NJOB EF QPTJCJMJEBEFT QPS FYQMPUBS RVÏ VO BSUJTUB DPNP 'BJSFZ MP FTDPHFSÓB DPNP JDPOP QBSB TV DBNQB×B VSCBOB +FBO 'FSS OBDJØ FO $BOBEÈ ²TF GVF TV QSJNFS TFV EØOJNP FO FM DBNQP QSPGFTJPOBM FM RVF VUJMJ[Ø IBT -B GFDIB EF NBZP EF &M MVHBS VOB QPCSF HSBOKB UB MPT B×PT Z RVF MP MMFWØ B QFMFBS FO *OHMBUFSSB VCJDBEB FO (SFOPCMF 'SBODJB .BSJBO 3PVTTJNPõ BDBCB &TDPDJB MB &VSPQB OP DPNVOJTUB 5ÞOF[ .BSSVFDPT EF EBS B MV[ B VO CFCÏ DVZBT QSPQPSDJPOFT TPO VO QPDP Z 4VEÈGSJDB 4V DBSSFSB QSPGFTJPOBM BQFOBT DP NÈT HSBOEFT RVF MBT OPSNBMFT " #PSJT FM QBESF MF WJFOF NJFO[B Z ZB WB DPTFDIBOEP ÏYJUPT 4V WJEB OP B MB NFOUF FM SFDVFSEP EFM BCVFMP EF MB DSJBUVSB i$PO FTBT FTUÈ NBSDBEB QPS MB EFTHSBDJB QPS MP NFOPT NBOPT FT QSPCBCMF RVF JHVBMF B NJ QBESFw EJDF -B NVKFS IBTUB BIPSB 1PS FM DPOUSBSJP 'SBOL 7B TF TPCSFTBMUB DPO MB DPNQBSBDJØO FM BCVFMP EF "OESÏ MPJT VO QSPNPUPS EF MVDIB FO MPT MP FSB VO HJHBOUF EF NFUSPT Z LJMPT 6O NPOTUSVP &M SFDVFSEB DPNP VO UJQP CSPNJTUB Z

1PS +PSHF 'MPSFT 0MJWFS CMVNQJNBH!ZBIPP DPN CSVUBMCMVNQJ CMPHTQPU DPN

IFEPOJTUB DPNJÏOEPTF Z CFCJÏOEPTF FM NVOEP DPO TVT EPT FOPSNFT EF PUSPT MVDIBEPSFT &M .POHPM P B MB NJUPMPHÓB 5IF .VNNZ

NBOPT NJFOUSBT MB WJEB BTÓ TF MP WB QFSNJUJFOEP 1FSP TV HVTUP QPS TJNQMFNFOUF TF DPODFOUSB FO MP FWJEFOUF B MP PCWJP B QSJNFSB FM HP[P OP MP EJTUSBF EF TVT FTUSJDUPT FOUSFOBNJFOUPT &OUSFOBNJFO WJTUB TV HSBO UBNB×P 1PS VOB DIBO[B EF MB OBUVSBMF[B MB mHVSB UPT FO MPT RVF FM NPCJMJBSJP EF MPT HJNOBTJPT UFSNJOB EFTUSVJEP EF "OESÏ FT NÈT BNJHBCMF RVF JODSFÓCMF &T HSBOEF QFSP OP HPSEP HSBDJBT B TV HSBO UPOFMBKF Z FTUBUVSB .VDIPT MVDIBEPSFT UFNFO OJ UPOUP QFSP TÓ FT GVFSUF NVDIP NVZ -PT OJ×PT FO WF[ EF BTVTUBSTF TFS QSPHSBNBEPT QBSB FOGSFOUBSTF DPO ÏM QVFT TV IBCJMJEBE FT Z TBMJS IVZFOEP MP TJHVFO QBSB RVF MPT UPNF FO TVT HJHBOUFT UFOB[BT EJSFDUBNFOUF QSPQPSDJPOBM B TVT EJNFOTJPOFT DPSQPSBMFT " TV DPNP TJ GVFSB VO 4BOUB $MBVT EF MB FSB +JN 3PTF i/P RVJFSP RVF NF UF FEBE FT DBQB[ EF NPWFS QFRVF×PT BVUPT DPNQBDUPT SB[ØO NBOw TPMÓB EFDJS 5BM WF[ TFBO FTUBT DPTBT MBT RVF BUSBFO MB BUFODJØO IB QPS MB DVBM TV DBQBDJUBDJØO MB MJNJUB ZB B FKFSDJDJPT BFSØCJDPT DJB FM HJHBOUF -B JNBHFO EF "OESÏ FT JODØNPEB QFSP GBNJMJBS 4IFQBSE Z BM BQSFOEJ[BKF EF OVFWBT MMBWFT Z USJRVJ×VFMBT QBSB VUJMJ[BS 'BJSFZ MP EFCF TBCFS CJFO 4VT TUJDLFST EF "OESÏ OP TPO PGFOTJWBT QFSP TÓ BSSJCB EFM SJOH EF MBT EJTSVQUJWBT RVJÏO TBCF QFTBT OP RVJFSF TBCFS QPS RVÏ OBEB TPO JSSFMFWBO UFT JOÞUJMFT QVFT ÏM 1FSP TV HSBO UBNB×P ZB FT GVFSUF QPS TV OB UBNCJÏO FT VO PCTUÈDVMP UVSBMF[B NJTNB "OESÏ 1BSB TBMJS B DPNFS QSFmFSF FT GVFSUF Z TUFSPJET GSFF Z MBT IPSBT FO RVF TBCÓB RVF QPS TV NPOVNFOUBMJEBE FODPOUSBSÓB NFOPT HFOUF DPNJFO[B B BVUPQSPDMB KVTUBNFOUF QBSB FWJUBS MB ZB NBSTF iMB PDUBWB NBSBWJMMB DPOPDJEB SFUBIÓMB EF QSFHVO EFM NVOEPw JHVBM RVF ,JOH UBT TPCSF TV QFTP Z TV UBMMB ,POH 6O ,POH RVF SFRVJFSF i%BSÓB NVDIP EJOFSP QPS TFS EF DVBUSP IVFWPT MPODIBT EF DBQB[ EF QBTBS VO EÓB DPNP VO UPDJOP DVBUSP QJF[BT EF QBO UPT IPNCSF EF UBNB×P OBUVSBMw TF UBEP KVHP EF OBSBOKB TØMP VO WBTP MBNFOUBCB 6OB OPDIF USBT WBSJBT OP IBZ RVF FYBHFSBS Z EPT DBGÏT IFMBEPT SPOEBT EF BMDPIPM oCSBOEZ EFTBSNBEP FTUP TØMP QBSB FM EFTBZVOP SFT CMPPEZ NBSZT DFSWF[BT NVDIBT DFSWF[BT UPEBT MBT RVF TV QFTBEB DPOTUJUVDJØO QVFEFO UP 1BSB CSJMMBS FO MB MVDIB MJCSF EF &TUBEPT 6OJEPT MP MFSBS FO QSPNFEJP DBMPSÓBT BM EÓB FO GPSNB EF NFKPS FT BmMJBSTF B MB 888' 8PSME 8JEF 8SFT BMDPIPM VO UJQP MP FOGSFOUB "OESÏ MF IBCMB QBVTBEP UMJOH 'FEFSBUJPO PQPSUVOJEBE RVF TF QSFTFOUB TVBWFNFOUF OP RVJFSF QFMFBS &M IPNCSF JOTJTUF Z USBT VOB FYJUPTB EFNPTUSBDJØO FO .POUSFBM oFYBD "OESÏ TF EFTFTQFSB w)BHP MP RVF QVFEP QBSB FWJ UBNFOUF FO BOUF BTJTUFOUFT 7JODF UBS QSPCMFNBT KFGF 1SJNFSP IBCMP QFSP DVBOEP WFP .D.BIPO QSPNPUPS EF MB GFEFSBDJØO MP WF USJVO RVF FTP OP GVODJPOB NF HVTUB SFBMJ[BS FM QSJNFS NP GBS Z OJ UBSEP OJ QFSF[PTP MP FOMJTUB FO TVT IVFTUFT WJNJFOUP Z NF HVTUB RVF TFB VO CVFO NPWJNJFOUPw .D.BIPO SFDVFSEB TV QSJNFS JNQSFTJØO BM WFS EF 5SBT UPNBS B TV PQPOFOUF QPS FM DJOUVSØO Z FM DVFMMP GSFOUF BM HJHBOUF iMP IBCÓB WJTUP FO GPUPHSBGÓBT Z MP MBO[B IBDJB VOB QBSFE &M SFTVMUBEP VO CPSSBDIÓO WJEFPT QFSP TJNQMFNFOUF OP FTUBCB QSFQBSBEP DPO MBT DPTUJMMBT SPUBT QBSB DØNP TF WFÓB /P FSB DPNP OBEB RVF IVCJF SB WJTUP BOUFT Z TVQF RVF QPEÓB DPOWFSUJSTF FO 4VT QSPCMFNBT DPO TV UBNB×P MP BHPCJBO OP DBCF FM OÞNFSP VOP EF MB MVDIBw 1PS FMMP .D.BIPO FO OJOHÞO BVUP DPOWFODJPOBM SB[ØO QPS MB DVBM EFCF FT FM SFTQPOTBCMF EFM BTDFOTP BÞO NÈT FTUSBUPT WJBKBS FO VOB DBNJPOFUB BDPOEJDJPOBEB QBSB TVT NF GÏSJDP EF MB DBSSFSB EF "OESÏ QFSP UBNCJÏO EF EJEBT $VBOEP FO VOB PDBTJØO TF GSBDUVSB FM QJF EFSF TV ÞMUJNP DBNCJP EF OPNCSF "OESÏ UIF HJBOU DIP FM IPTQJUBM TF FOGSFOUB B WBSJPT EJMFNBT {DVÈOUB "OESÏ FM HJHBOUF FNQJF[B B FOGSFOUBSTF B MPT BOFTUFTJB SFRVJFSF FM HJHBOUØO {RVÏ JOTUSVNFOUPT OPNCSFT NÈT QPQVMBSFT EF MB MVDIB HSJOHB Z MB TF QVFEFO VTBS QBSB SFQBSBS IVFTPT UBO HSBOEFT {Z SFWJTUB 4QPSUT *MMVTUSBUFE MF EFEJDB VO FTQBDJP MB DBNB -B DBNB EFCF TFS JOVTVBM TØMP VOB DPO OVF RVF KBNÈT MF IB DFEJEP B OJOHÞO PUSP EFQPSUJT WF QBUBT QVFEF TPQPSUBS FTF QFTP UB " mOBMFT EF MPT TV GBNB IB DSFDJEP DBTJ BM UBNB×P EF TV DVFSQP FO VOB EF MBT FEJDJPOFT EF 4V GBNB UBNCJÏO DSFDF EFTQVÏT EF .VIBNNFE "MJ 8SFTUMFNBOJB FM QPQVMBS UPSOFP EF MVDIB MJCSF FT FM BUMFUB DPO NBZPS SFDPOPDJNJFOUP FO FM NFEJP EF BNFSJDBOB MBT HSBOEFT MJHBT EFM XSFTUMJOH NJM QPSUJWP QPS MP NFOPT FO FTF FOUPODFT 4V DVFOUB CBO FTQFDUBEPSFT BUJCPSSBO FM 4JMWFS %PNF EF MB DJV DBSJB DSFDF B MB QBS QVFT BIPSB HBOB EØMBSFT EBE EF %FUSPJU /P FT QBSB NFOPT QVFT FO FTUB BM B×P EJOFSP DPO FM RVF BIPSB QVFEF QBHBSTF MB WJEB PDBTJØO MF UPDB B "OESÏ FOGSFOUBSTF B PUSP EF MPT RVF FO (SFOPCMF MF FTUBCB WFEBEB i&TUPZ BHSBEFDJEP HSBOEFT JDPOPT EF MB 88' )VML )PHBO DPO MB WJEB 4J NF NVSJFSB NB×BOB TÏ RVF IF DPNJEP NÈT DPNJEB CVFOB UPNBEP NÈT CFCJEB CVFOB Z NÈT "OESÏ FT NÈT HJHBOUF RVF TV mHVSB .D.BIPO WJOP mOP UFOJEP NÈT BNJHPT Z DPOPDJEP NÈT QBSUFT EFM MP DPOPDF DVBOEP FO $BOBEÈ ZB UPEPT FTUÈO BCV NVOEP RVF MB NBZPSÓB EF MPT IPNCSFT KBNÈT QPESÈw -B SSJEPT EF WFSMP 4V TPCSFFYQPTJDJØO FT VO HPMQF UFMFWJTJØO MP SFDJCF DBMVSPTBNFOUF BQBSJDJPOFT FO 5IF EF TVFSUF QVFT FT FMMB MB RVF MP MMFWB B MPT DVBESJ 4JY .JMMJPO %PMMBS .BO FO FM QBQFM EF 1JF (SBOEF MÈUFSPT EF & 6 &O MPT 4UBUFT DBVTB VOB HSBO DPO $POBO FM %FTUSVDUPS 5IF (SFBUFTU "NFSJDBO )FSP NPDJØO QVFT TJ CJFO TV EFTQSPQPSDJPOBEP PS 4V ÞMUJNP QSPHSBNB UFMFWJTBEP FT QBSB DFMFCSBS MPT HBOJTNP FT NÈT RVF FWJEFOUF VOB NF[DMB EF B×PT EF VOB BTPDJBDJØO EF MVDIB MJCSF 4V BDSP IVFTPT RVF IBO DSFDJEP EFTNFTVSBEBNFOUF Z NFHBMJB TJHVF BWBO[BOEP Z TV EFDBEFODJB GÓTJDB FT VO QBS EF QJFSOBT DPOUSBTUBOUFNFOUF DPSUBT

FWJEFOUF "OESÏ ZB OP QVFEF TFS NÈT HJHBOUF 4IF MB JEFB RVF USBF B MB NFOUF FT EF VOB HSBO TJN QBSE 'BJSFZ PQJOB MP DPOUSBSJP "M JOJDJBS TV DBNQB×B QMF[B "M QFOTBS FO FM OPNCSF BEFDVBEP QBSB HSÈmDB DPO MB DBSB EF "OESÏ JNQSJNF VO QØTUFS DPO MB DBSB EF &MWJT "OESÏ .D.BIPO FWJUØ MPT MVHBSFT DPNV BDPNQB×BEP EF MB QBMBCSB #*( BM MBEP MB EF "OESF DPO MB QBMBCSB (*"/5 OFT EF MB OPNFODMBUVSB MVDIÓTUJDB QPS "OESÏ i&M (JHBOUF (FOUJMw DPNP BIPSB MP MMBNBO FT EFTDPNVOBM {5BOUP DPNP FKFNQMP FO WF[ EF BUFOEFS B TV QBSB TPCSFQBTBS B 5IF ,JOH -B SFTQVFTUB FT JODJFSUB QFSP QPS MP NFOPT 3PVTTJNPõ FT PSJHFO ÏUOJDP DPNP FO FM DBTP VO JDPOP EF QFTP NVDIP QFTP

>® >¸ >

&+,12 &+,12 -$321e6 {$ØNP MF QPOFO OPNCSF B TVT IJKPT MPT DIJOPT $PHFO VOB PMMB MB UJSBO QPS MB FT DBMFSB EF TV DBTB Z DPNP TVFOF {2VJÏOFT TPO MPT USFT IPNCSFT NÈT QPCSFT EF $IJOB $IJO -V $IJO "HVB Z $IJO (BT

7e50,126 &,%(51e7,&26 .FHBCZUF .PSEJEPUB %JTDP %VSP $VBMRVJFS EJTDP EF )FBWZ .FUBM ;JQ -P DPOUSBSJP EF OPQ 3BUØO .FEJEB EF UJFNQP CSFWF i5F WFP BM SBUØOw $IJQ $PNQB×FSP EF %BMF 2VFNBEPS EF $% T 1FS TPOB RVF HVTUB EF QPOFS FM NJTNP $% VOB Z PUSB WF[ *OZFDDJØO EF 5JOUB -P RVF IBDFO MPT QVMQPT /P CSFBL 1SPIJCJDJØO EF VO UJQP EF CBJMF PDIFOUFSP 'VFSB EF 3FHJTUSP 1FSTPOB RVF OP UJFOF BDUB EF OBDJNJFOUP P DSFEFODJBM EF FMFDUPS 4FMFDDJØO EF $PMPS &RVJQP EF QBSUJ EPT QPMÓUJDPT 5BCMPJEF 1FEB[PPJEF EF .BEFSPJEF 5BNB×P 0mDJP 0USB GPSNB EF EFDJS i`2VÏ $IBNCPUB w 'PUP %JHJUBM 1POFS FM EFEP FO FM MFOUF EF MB DÈNBSB .PVTF "QFMMJEP EF .JDLFZ .BDSPNFEJB 1SFOEB QBSB HPSEJUBT *MVTUSBUPS 1SJNP EF 5FSNJOBUPS B RVJFO MF HVTUB EJCVKBS

,¸zY

1PS 'SBODJTDP ;BNVEJP QBDP[BNVEJP !ZBIPP DPN NY

3FBMNFOUF JOUFSFTBOUF Z DPOTUSVDUJWP FT FOGSFOUBSUF B VO HSVQP EPOEF TVT JOUFHSBOUFT QPTFFO MB FYQF SJFODJB OFDFTBSJB QBSB SFCBUJS P EFGFOEFS TVT QVOUPT EF WJTUB MP DVBM TJHOJmDB RVF FTUBOEP P OP EF BDVFSEP DPO MB ØQUJDB VUJ MJ[BEB QBSB QFSDJCJS FM FOUPSOP TF FODVFOUSB OFDFTBSJBNFOUF JNQMÓDJUB VOB DBSHB EF BDUJUVE DVBMJEBE EF MB RVF NVDIPT BEP MFDFO FO FM FOUBSJNBEP SPDLFSP OBDJPOBMy &MMPT TF FOTBNCMB SPO FO VO QSPZFDUP EFOPNJ OBEP (BMMP BVORVF MB IJTUPSJB DPNJFO[B UJFNQP BUSÈT {2VÏ UFSNJOØ QPS OP DVBKBS DPO 1JOL 1VOL *TNBFM 'VF VO DJDMP RVF EFDJEJNPT DFSSBS QPSRVF RVFSÓBNPT BSSJFTHBS DPO PUSPT TPOJ EPT %FTDVCSJNPT UBNCJÏO RVF IBCÓB NÈT DPTBT RVF FTUBS IBDJFOEP IBQQZ QVOL QBSB DIBWJUPT ZB RVF OJ TJRVJFSB MP TPNPT %FTQVÏT FTUVWJFSPO FOWVFMUPT FO PUSB JEFB VOB EF DPWFSTy {2VÏ QBTØ DPO -BT +BHFSFUUFT 3FOÏ 4ØMP GVF VO IVFTP RVF BHBSSBNPT QPS EJWFSTJØO -BT +BHFSFUUFT GVF USBCBKBS FO BMHP RVF OPT HVTUB QPSRVF OP OPT BWFSHPO [BNPT EF IBCFSMP IFDIP QFSP OP FSB BMHP RVF OPTPUSPT IVCJÏSBNPT JOWFOUBEP *TNBFM /PT DPOUSBUBSPO Z OPT QBHBSPO NVZ CJFO : QVFT EF FTP B FTUBS FODFSSBEP BZV EÈOEPMF B BMHVJFO FO VOB PmDJOB QVFTy "IPSB TÓ WBNPT DPO (BMMPy {$VÈOEP OBDF MB JEFB 3FOÏ (BMMP UJFOF VO B×P Z NFEJP EF IBCFS TF GPSNBEP %F IFDIP EFTEF RVF BDBCØ 1JOL 1VOL ZB UFOÓBNPT VOB JEFB EF FTUP {%FM OPNCSF UBNCJÏO *TNBFM 4VSHJØ EF MB JEFB EF VO HSBO BNJHP ²M EJKP i{1PS RVÏ OP TF MMBNBO (BMMP w "TÓ RVF MP BOBMJ[BNPT Z MMFHBNPT B MB DPODMVTJØO

EF RVF TVFOB CJFO GVFSUF Z FT VO OPNCSF TFODJMMP RVF MB HFOUF QVFEF JEFOUJmDBS SÈQJ EBNFOUF 1FSP UBNCJÏO MMFWB VOB SFMB DJØO WFMBEB IBDJB MBT ESPHBTy *TNBFM ²TB FT MB SFMBDJØO RVF MF WB VOP EBOEP .VDIB HFOUF OPT QSFHVOUB i{4PO HBMMP EF FTDVQJUBKP P EF NPUB w &TP ZB EFQFOEF EFM QB DIFDP 'JOBMNFOUF MB HFOUF OPT IB JEP JEFOUJmDBOEP BTÓ {$ØNP UF JOUFHSBT B (BMMP -BVSFO {DVÈMFT TPO UVT BOUFDFEFOUFT QFOBMFT FO FM SPDL -BVSFO :P DSFDÓ FO MB NÞTJDB QPSRVF NJ IFSNBOB GVF OPWJB EFM "CVMØO EF MBT 7ÓD UJNBT EFM %S $FSFCSP 5BNJ NF MMFWBCB B UPEBT MBT UPDBEBT B WFS B $BGÏ 5BDWCB B .BMEJUB 7FDJOEBE FUD ²TF GVF NJ NVOEP EFTEF QFRVF×B Z TJFNQSF NF IB HVTUBEP DBOUBS EF UPEB MB WJEB /VODB QFOTÏ RVF TF GVFSB B EBS BMHP BTÓ QFSP FMMPT NF FTDVDIB SPO MFT MBUJØ NJ WP[ Z NF VOJFSPO B (BMMP *TNBFM &M IFDIP EF RVF FMMB DBOUF FO JOHMÏT FO BMHVOBT DBODJPOFT UJFOF RVF WFS DPO RVF TVT SBÓDFT TPO OFPZPSRVJOBT Z TV QSJ NFS JEJPNB EF IFDIP GVF FM JOHMÏT $PNP VO DÓDMJDP DMJDIÏ NVDIBT CBOEBT NBOJmFTUBO DBOUBS FO JOHMÏT QBSB CVTDBS MB JOUFSOBDJPOBMJ[BDJØO 1FSP FO FTUF OF HPDJP TJ UV EJTDP OP TF MBO[B BM VOÓTPOP FO UPEP FM NVOEP OP FSFT JOUFSOBDJPOBM {2VÏ WB B QBTBS TJ (BMMP OP FT FEJUBEP FO FM FYUSBOKFSP {4F TFOUJSÈO FYUSB×PT FO TV QSPQJP QBÓT 3FOÏ " OPTPUSPT OPT HVTUB IBDFS DPTBT FO JOHMÏT QPSRVF FT VO JEJPNB NVZ NFMØEJ DP RVF TVFOB CJFO 4JFNQSF QFOTBNPT FO EBSOPT QSJNFSP TBUJTGBDDJØO B OPTPUSPT NJT NPT Z PKBMÈ Z QPEBNPT UPNBS FTB TBUJTGBD DJØO QBSB QPEFS JOUFSOBDJPOBMJ[BSOPT 4J OP OP QBTB OBEB *TNBFM 1FOTBOEP FO MB HFOUF QPSRVF OP FO UJFOEF FM JEJPNBy 1VFT QVFEP EFDJSUF RVF MPT EJTDPT NÈT WFOEJEPT FO .ÏYJDP TPO FO JOHMÏT &O PUSP BTQFDUP MB QSJNFSB JNQSFTJØO RVF NF EJFSPO DVBOEP MPT WJ FO DPODJFSUP GVF RVF MF FTUÈO BQPTUBOEP B TFS MB WFSTJØO

NFYJDB OB EF MPT #MBDL &ZFE 1FBTy 3FOÏ 1FSP FMMPT OP UPDBO FO WJWP "EFNÈT FMMPT TPO USFT SBQFSPT RVF CBJ MBO CSFBL EBODF :P OP CBJMP CSFBL EBODF Z OP TPZ OFHSP "M NFOPT FO TV mTPOPNÓB FTUÏUJDBy -BVSFO :P NÈT CJFO TPZ GBO EF (XFO 4UFGBOJ Z .BEPOOB 4PO NJT JOnVFODJBT OP FT RVF ZP RVJFSB TFS FTBT QFSTPOBTy 3FOÏ )BZ VOB SFMBDJØO EF UJ DPO UVT JOnVFO DJBT 4JFNQSF OPT IB HVTUBEP NVDIP /P %PVCU 0VULBTU /FSEy {/P FT VO SJFTHP 0 FT VOP GSÓBNFOUF DBMDV MBEP EF QSPOUP UFOFS VOB mTPOPNÓB FTUÏUJDB QBSFDJEB B MPT #MBDL &ZFE 1FBT P MPT UPOPT EF -BVSFO DBOUBOEP B MB (XFO 4UFGBOJy 3FOÏ /J TJRVJFSB OPT EB NJFEP TJOP UPEP MP DPOUSBSJP &O DVBOUP B RVF TJ MB HFOUF OPT JEFO UJmDB DPO /P %PVCU P DPO RVJFO TFBy -BVSFO 4PO CBOEBT CJFO DIJEBTy *TNBFM : RVÏ DIJEP RVF VOB CBOEB NFYJDBOB QVFEB IBDFS UBNCJÏO DPTBT CVFOBT 'JOBMNFO UF FO .ÏYJDP TFHVJNPT TJFOEP VOB CBOEB RVF OP IBZy 5FOFNPT VO TPOJEP OVFTUSP 3FOÏ /P OPT BWFSHPO[BNPT EF OVFTUSBT JO nVFODJBT DSFP RVF FTP OPT WB B BZVEBS B FO DPOUSBS OVFTUSP TPOJEP /BEB WJFOF EF MB OBEB Z UFOFNPT RVF JOnVFODJBSOPT EF UPEP EF MP OVFWP Z MP WJFKP

-°¥^^°® ¥°

/JDLOBNF %PDUPS )PõNBOO /BDJPOBMJEBE &TQB×PMB "TVOUP $PNCJOBOEP FM FGFDUP EF MBT ESPHBT BMVDJOØHFOBT Z DJFSUBT NBSDBT JDPOPHSÈmDBT DPNP %BSUI 7BEFS "MFY %F-BSHF P MPT IJ QIPQFSPT OFPZPSRVJOPT UÓQJDPT RVF WJTUFO CBHHJFT TBOEBMJBT EFQPSUJWBT Z DBSHBO FOPS NFT HSBCBEPSBT Z CSJODBOEP EF QBÓT B QBÓT Z EF DJVEBE FO DJVEBE TVT TUJDLFST Z FTUÏODJMFT TF IBO WVFMUP FM DBSOFU EF WJBKF EF VO BSUJTUB VSCBOP EFDJEJEP B DPOPDFS MVHBSFT Z NBSDBS TV UFSSJUPSJP "RVÓ VOB QFRVF×B NVFTUSB EF TV USBCBKP 2VF MB EJTGSVUFO

<

>®"¨P¸¥>

1PS +PSHF 'MPSFT 0MJWFS CSVUBM CMPHTQPU DPN CMVNQJNBH!ZBIPP DPN

%JS .JMPT 'PSNBO

)FSNBOO )FTTF 5PNP )FSNBOO )FTTF FT VOP EF MPT FTDSJUPSFT NÈT SFDPOPDJEPT EF MB MJUFSBUVSB DPO SBTHPT EFDJEJ EBNFOUF JOEJWJEVBMJTUB &M MPCP FTUFQBSJP FT DBTJ VO MJCSP EF UFYUP QBSB MPT EFTBSSBJHBEPT QBSB UPEPT BRVFMMPT RVF TF IBO EBEP DVFOUB EF RVF MB TPDJFEBE FT VO NPOTUSVP DPOWFOFODJFSP F JOUFSFTBEP &OFNJHP EFDJEJEP EF MB HVFSSB Z MB CVSHVFTÓB MPT OB[JT QSPIJCJFSPO TVT MJCSPT Z ÏTUF FOUSF FMMPT )BSSZ )BMMFS FM QSPUBHPOJTUB VO EFTFODBOUBEP EF MB TPDJFEBE GSÓWPMB FO MB RVF WJWF EFDJEF BJTMBSTF Z SFDPSSFS MBT DBMMFT DPNP VO WBHBCVOEP DPNP VO MPCP TPMJUBSJP FO FM RVF DPOGSPOUB TV OBUVSB MF[B TBMWBKF DPO FM FOUPSOP EFNBDSBEP FO FM RVF EFBNCVMB QPSRVF iMB WJEB EF DBEB IPNCSF FT VO DBNJOP IBDJB TÓ NJTNP FM FOTBZP EF VO DBNJOP FM CPDFUP EF VO TFOEFSPw &TUBT JEFBT SFTVMUBSPO GVOEB DJPOBMFT QBSB FTDSJUPSFT DPNP +BDL ,FSPVBD Z MPT CFBUT UPEPT VOPT ESPQPVUT RVF BM BQBSUBSTF EF MB TPDJFEBE Z CVTDBS TV QSPQJP TFOEFSP TF FODVFOUSBO B TÓ NJTNPT &O DVBMRVJFS MJCSFSÓB QVFEFT DPOTFHVJS FTUF MJCSP MB FEJDJØO EF 5PNP RVF FT NVZ CBSBUB UBNCJÏO FTUÈ NVZ NBM USBEVDJEB Z DPO FSSPSFT HBSSBGBMFT QFSP TJSWF QBSB DPNFO[BS 4ØMP QBSB MPDPT -B FOUSBEB DVFTUB MB SB[ØO

#BTBEP FO "MHVJFO WPMØ TPCSF FM OJEP EFM DVDP OPWFMB FNCMFNÈ UJDB EF ,FO ,FTFZ .JMPT 'PSNBO MPHSB TBDBSMF B +BDL /JDIPMTPO VOB EF TVT BDUVBDJPOFT NÈT CSJMMBOUFT TVQFSBEB TØMP QPS MB EF &M 3FT QMBOEPS RVJ[È FO EPOEF FODBSOB B 3BOEMF 1BUSJDL .D.VSQIZ VO DSJNJOBM RVF QBSB FWJUBS RVF MP NBOEFO B QSJTJØO TF EFDMBSB DPNP MPDP TJFOEP MMFWBEP BTÓ B VO NBOJ DPNJP FO EPOEF oÏM TVQPOF FTUBSÈ NÈT DØNPEP RVF USBT MBT SFKBT Z TF QPESÈ QBTBS VOB UFNQPSBEB EF QVSB EJWFSTJØO : BTÓ TVDFEF IBTUB RVF HSBDJBT B MB EVSB DPNQFUFODJB DPO MB FOGFSNFSB 3BUDIFE UFSNJOB TJFOEP MPCPUPNJ[BEP Z KVTUBNFOUF BUSBQBEP TJO TBMJEB DPO QPDBT FTQFSBO[BT EF QPEFS TBMJS EF MB JOTUJUVDJØO NFOUBM 1FSP .D.VSQIZ FT VO MPDP FO WFSEBE VO MPDP TJNQÈUJDP RVF TF WVFMWF QFMJHSPTP QPSRVF FO TV CSVUBM CSJMMBOUF[ MPHSB BOJNBS B MPT EFNÈT QBDJFOUFT QBSB RVF TF SFCFMFO Z TBRVFO VO QPDP NÈT EF TÓ NJTNPT &TUB QFMJ FT VOB DSÓUJDB GFSP[ BM TJTUFNB KVEJDJBM HSJOHP RVF QPS NFEJP EF VOB EJOÈNJDB EF QSFNJPT Z DBTUJHPT QSFUFOEF BSSFHMBS TV EFTDPNQPTJDJØO TPDJBM : FM MJCSP EF ,FTFZ OP FT NFOPS

8JTI &MFDUSB

.JLF "MMSFE """ 1PQ $PNJDT .JLF "MMSFE FT GBNPTP QPS .BENBO VOP EF MPT DPNJDT NÈT SFTQFUBEPT EF MPT QPSRVF JO OPWBCB FM NFEJP SFHSFTBOEP B MPT CÈTJDPT : FT RVF FM FTUJMP EF "MMSFE TF QBSFDF BM EF 4UBO -FF Z MPT WJFKPT DPNJDT EF .BSWFM FTPT EF BOUFT RVF TF JOWFOUBSB FM 1IPUPTIPQ *ODMVTP """ FEJUBCB 5IF "UPNJDT FO QBQFM SFWPMVDJØO DPNP MPT DP NJDT WJFKJUPT Z FM DPMPS OP TPO NÈT RVF QMBTUBT TJO EJGVNJOBEPT OJ TPNCSJUBT NBNPOBT 5IF "UPNJDT FT VO HSVQP EF TÞQFS IÏSPFT NBSHJOB MFT {DØNP EFDJSMP $PNP MB WFSTJØO HBSBHF EF MPT 9 .FO $PNP FMMPT UBNCJÏO TPO NVUBOUFT Z DPNCBUFO NPOTUSVPT QFSP DPNP EF QFMÓDVMB EF DJFODJB mDDJØO EF MPT B×PT -B TFSJF DPOTUB EF WBSJPT UPNPT QFSP ÏTUF FT FM RVF NÈT WBMF MB QFOB "EFNÈT MBT WJEBT EF MPT "UPNJDT FT NÈT SFBMJTUB RVF MB EF MPT QFSTPOBKFT UÓQJDPT EF MPT DPNJDT EF TÞQFS IÏSPFT NÈT DSFÓCMFT Z TJO UBOUP NÞTDVMP JODSFÓCMF :B MVFHP FO .BSWFM HSBDJBT B TV ÏYJUP DPOUSBUBSPO B "MMSFE QBSB FM SFMBO[BNJFOUP EF 9 'PSDF QFSP BIÓ QFSEJØ MP NFKPS EF TV FTUJMP QVFT MBT UÏDOJDBT EF DPMPSFBEP NPEFSOBT MF EBO FO MB NBESF Z MP QMBTUJmDBO 4J %BO $MPXFT IJDJFSB DPNJDT QBSB %$ P .BSWFM TF QBSFDFSÓBO B FTUP

5IF $VSF FT MB CBOEB RVF NÈT NF HVTUB /J NÈT OJ NFOPT $VBOEP TBMJØ FTUF EJTDP EFTDV CSÓ RVF NÈT BMMÈ EF 5IF $VSF OP IBCÓB OBEB QFSEØO FTUBCB FO MB TFDVOEBSJB %FTQVÏT EF FTDVDIBSMP NF DPNQSÏ UPEB MB DPMFDDJØO EF 3PCFSU 4NJUI Z TV CBOEB &OUPODFT MB UFOÓB FO DBTTFUUFT Z UPEBT MBT UBSEFT RVF NF UPDBCB JS B NJT DMBTFT EF FEVDBDJØO GÓTJDB NÞTJDB Z UBMMFSFT NF MPT MMFWBCB UPEPT FO NJ NPDIJMB Z MPT QPOÓB VOP B VOP FO NJ XBMLNBO &TP UF QSPWPDB 5IF $VSF VO DVMUP JSSFGSFOBCMF %FTQVÏT EF %JTJOUFHSBUJPO TV PCSB NÈYJNB TFHÞO UPEP FM NVOEP UFOÓBO RVF TBDBS BMHP RVF TPSQSFOEJFSB BM NVOEP 4J HVJFSPO ,JTT NF LJTT NF LJTT NF Z NÈT UBSEF .JYFE VQ QFSP B NÓ NF HBOBSPO DPO 8JTI RVF DPOUJFOF VOB EF MBT DBODJPOFT NÈT CFMMBT RVF IF FTDVDIBEP KBNÈT 'SPN UIF FEHF PG UIF EFFQ HSFFO TFB -P NFKPS FT RVF 5IF $VSF HSBDJBT B TFS VOB CBOEB EF DVMUP OVODB mHVSBO FOUSF MBT CBOEBT NÈT JNQPSUBO UFT EF MB NÞTJDB OJ FTUF EJTDP FT DPOTJEFSBEP UBO HFOJBM DPNP PUSPT EF TV EJTDPHSBGÓB "TÓ RVF OP TF SPEFBO EFM SVJEP Z MPT SFnFDUPSFT EF MB NBTB Z FTP MP WVFMWF VO EJTDP BMUBNFOUF EJTGSVUBCMF {#VTDBT VOB PCSB NBFTUSB DPO MB RVF OP UF TJFOUBT EFGSBVEBEP ²TUB MB FT

#SJBO 8JMTPO FSB MB NBUFSJB HSJT EFM DPNCP EF TVSG QPQ TFTFOUFSP 5IF #FBDI #PZT &O QMBOFØ MB DSFBDJØO EF VO ÈMCVN RVF NPEJmDBSÓB MB QFSDFQDJØO RVF TF UFOÓB EF MB NÞTJDB QPQ IBTUB FOUPODFT TV OPNCSF TFSÓB 4.J-& Z TFHÞO 8JMTPO MPT SFTVMUBEPT EFKBSÓBO GVFSB EF DPNCBUF B DVBMRVJFS QMBUP IFDIP QPS 5IF #FBUMFT "NCJDJPTP QFSP OP JNQPTJCMF #SJBO TBCÓB EF TVT QPTJCJMJEBEFT MPT HFOJPT OP DPOPDFO MÓNJUFT 4JO FNCBSHP EVSBOUF FM QSPDFTP EF HSBCBDJØO EF MB PCSB MB NFOUF EF #SJBO DPNFO[Ø B EFTRVFCSBKBSTF Z FM -4% UFSNJOØ QPS BHSJBS MPT HBKPT EF TPM RVF 4.J-& TF TVQPOÓB QSPZFDUBSÓB BTÓ RVF FTB NÞTJDB TF RVFEØ BMPKBEB FOUSF MBT TPNCSBT EF MB EFTFODBKBEB NFOUF EFM CVFO 8JMTPO "IPSB DPO DBTJ DVBSFOUB B×PT EF SFUSBTP FTB PCSB NBFTUSB FTUÈ B MB EJTQPTJDJØO EF MB IVNBOJEBE mOBMNFOUF IB TJEP MJCFSBEB 6OB QJF[B BSUÓTUJDB WFSEBEFSB NFOUF FYRVJTJUB 4J EJPT FYJTUJFSB TJO EVEB TPMJDJUBSÓB VOB DPQJB Z MB QPOESÓB B CVFO WPMVNFO QBSB TPOPSJ[BS TV BUFSSJ[BKF FO FTUF EFTFTQFSBO[BEP QMBOFUB

"MFKBOESP (PO[ÈMF[ $BTUJMMP "MFKBOESP (PO[ÈMF[ $BTUJMMP

,BTBCJBO

*EFN 3$" 4NJMF /POFTVTI

"IPSB RVF DVBMRVJFS IJKP EF WFDJOP TF GVTJMB FM TFMMP TØOJDP RVF HSVQPT MFHFO EBSJPT DPOGFDDJPOBSPO DPO UPEP DPOUSB TÓ Z TBMFO B MB DBMMF B WFOEFS TVT DBO DJPOFT DPNP TJ OBEB QBTBSB NJFOUSBT BMHVOPT JOPDFOUFT TJO QSPUFTUBS TF MB USB HBO DPNQMFUB SFTVMUB DPOGPSUBOUF FODPOUSBSTF DPO HSVQPT DPNP ,BTBCJBO 4Ó TVFOBO B 4UPOF 3PTFT B )BQQZ .POEBZT QFSP DPO FTUJMP MB JOnVFODJB FT PCWJB {FM QMBHJP QFSP MB JOUFODJØO OP FT iUF UFOFNPT RVF HVTUBS B IVF WPw BTÓ RVF DPO FTUF EJTDP QVFEFT QBTBSUF VO CVFO SBUP TJO DPNQMJDBDJPOFT 4J QBSB MB TJHVJFOUF UFNQPSBEB MB NPEB GBDIB Z SJUNP EF ,BTBCJBO FTUBSÈO iJOw OP MP WBNPT B TBCFS BIÓ UJFOFT B ,JOHT PG -FPO P 3BTNVT HSVQPT RVF OP DPOTJHVJFSPO SFCBTBS VO WFSBOP EF HMPSJB Z QSPCBCMFNFOUF OP TVDFEB QFSP BMHP TÓ FTUÈ CJFO DMBSP TJFNQSF RVF FTDVDIFT $MVC 'PPU P -4' -PTU 4PVMT 'PSFWFS UV QJF DPNFO[BSÈ B NPWFSTF Z EFTQVÏT EF UPEP QBSFDF RVF FTP FT UPEP MP RVF ,BTBCJBO RVJFSF PCUFOFS EF UJ

#SJBO 8JMTPO

3PTB 7FOVT 4POZ #.( 4PNF $JUJFT )FBWFOMZ

%FTQVÏT EF VO QBS EF QBTPT -PTU 4PVMT Z 5IF -BTU #SPBEDBTU UBO DPOTJT UFOUFT RVF IJDJFSPO UFNCMBS FM TVFMP FM UFSDFS EJTDP EF FTUF USÓP EF .BODIFTUFS DFSUJmDB RVF FM QPQ OP DPOPDF TVT MÓNJUFT BM BUPSBSTF FO VOB NBTB FOBSEFDJEB RVF CFSSFB QPS TVKFUPT RVF QSFTVNFO TV JODPSSFDDJØO QPMÓUJDB BQFOBT UJFOFO PQPSUVOJEBE %PWFT QPOF FO MBT UJFOEBT VO QMBUP EPOEF UF IBCMB EF BCBOEP OBS UVT WJFKPT NJFEPT QBSB EFTQVÏT DSV[BS UVT QSPQJBT GSPOUFSBT DBNJOBOEP TPCSF FM GVFHP 5F JOWJUB B FTDPHFS VO EÓB QBSB EFSSVNCBS MBT OVCFT Z USBHBSTF BMHVOBT UPSNFOUBT 5F EFKB DBFS FO VO UPSCFMMJOP RVF MFWBOUB UPEP FTP RVF NBOUJFOF UVT FTQFSBO[BT PYJEBEBT UF IBDF DSFFS RVF OP UJFOF TFOUJEP TFHVJS USJTUF DVBOEP MPT SFMÈNQBHPT RVF BDFDIBCBO UV DJFMP ZB FTUÈO BMFKÈOEPTF 4PNF $JUJFT FT NVDIP NÈT RVF VOB JOTÓQJEB DPMFDDJØO EF USBDLT FMBCPSBEB CBKP MB QSFTJØO EF VOB EJTRVFSB WB NVDIP NÈT MFKPT QSFUFOEF MMFHBS IBTUB MPT MÓNJUFT EF UJ NJTNP

%PWFT

$BSMPT " 3BNÓSF[

.ÈT BMMÈ EF MPT EFWBOFPT JNCÏDJMFT EF USFT EF TVT JOUFHSBOUFT RVF GPSNBO QBSUF EF MB CSPNB NÈT OFGBTUB FO MB IJTUPSJB EFM SPDL OBIVBUMBDB Z EF MB NP OVNFOUBM NBNPOFSÓB EF TV WPDBMJTUB FM SFHSFTP EF 'PCJB B MPT FTDFOBSJPT FT VO TVDFTP RVF OP QVFEF NÈT RVF BQMBVEJSTF B×PT EF BVTFODJB OP IJDJFSPO TJOP DPOmSNBS RVF FM UBMFOUP EF 1BDP )VJEPCSP oWFSEBEFSP DFSFCSP EF FTUB FYUSB×B Z QSPQPTJUJWB CBOEB QFSNBOFDF JOUBDUP RVF DPOUJOÞB TJFOEP VOP EF MPT NÞTJDPT NÈT DIJOHPOFT Z EFTGBDIBUBEPT EF MB FTDFOB MBUJOPBNFSJDBOB Z RVF MB BNBMHBNB TJHVF TJFOEP DBQB[ EF EBS B TVT DPNQPTJDJPOFT VO CSJMMP SF GVMHFOUF RVF QSPWPDB QMBDFS Z EFTFODBEFOB DÞNVMPT EF TFOTBDJPOFT FO RVJF OFT MBT FTDVDIBO 3PTB 7FOVT FT VO DPNQFOEJP EF DBODJPOFT NFNPSB CMFT EF FMMBT JOTUSVNFOUBMFT RVF TF UBUVBSÈO FO UVT OFVSPOBT QBSB FNFSHFS FO MPT NPNFOUPT NÈT JOFTQFSBEPT %JHBNPT RVF TJ UJFOFT TVFSUF FTUP PDVSSJSÈ DVBOEP JOUFOUFT JOGSVDUVPTBNFOUF DPNVOJDBSUF DPO VOB NVKFS RVF OP RVJFSF TBCFS OBEB EF UJ Z UÞ CPSSBDIP EF BMDPIPM Z TPMFEBE UF EFTHB×JUFT DBOUÈOEPMF B MB GSÓB CPDJOB EF VO UFMÏGPOP QÞCMJDP iTÏ RVF FT NVZ NBOJBDP EF NJ QBSUF FM MMBNBS QBSB DPMHBSUFyw

"MFKBOESP (PO[ÈMF[ $BTUJMMP

'PCJB

9 ® ¸z

6^,Y¸p *MVTUSBDJØO (BCSJFM (BSDÓB 3BOHFM VOSFBM@CPSO!ZBIPP DPN NY

_-!533­. #(!2,!4­. DE MIERDA SUFRE &OUSF MBT mHVSBT NÈT OFGBTUBT RVF TFNBOB B TFNBOB EFTmMBO QPS MB DBKB JEJPUB NFYJDBOB TF FODVFOUSB FTUF SFQVHOBOUF JOEJ WJEVP VO DIBSMBUÈO TFVEP DJFOUÓmDP Z EJTMÏYJDP RVF TF IB EFEJ DBEP EFTEF IBDF NVDIPT B×PT B IJODIBSTF MPT CPMTJMMPT EF MBOB FYQMPUBOEP MB JHOPSBODJB EF JOEJWJEVPT DSÏEVMPT Z FOBKFOBEPT QSFEJTQVFTUPT B DSFFS FO DVBMRVJFS QBUSB×B EF RVF TF MFT IBCMF EFTEF WFSEFT NBSDJBOJUPT IBTUB CSVKBT Z WBDBT WPMBEPSBT RVF VO EÓB PKBMÈ OP NVZ MFKBOP MFT EFKBSÈO DBFS VOB HSBO NBKBEB EF NJFSEB FO MB KFUB &M 7FSEVHP MP IB FODPOUSBEP DVMQBCMF Z MP DPOEFOB B NPSJS B NBOPT NFKPS EJDIP FO MBT GBVDFT EF "MJFO VO NPTUSP WFS EBEFSBNFOUF NBODIBEP RVF BQBSUF EF EFKBSMF JODVCBEP VO IVFWFDJMMP FO FM QFDIP MP EFWPSBSÈ IBTUB FM mO /P JNQPSUB RVF EFTQVÏT FM QPCSFDJUP & 5 TVGSB EF WØNJUP F JOEJHFTUJØO +F

¨® ¨°¥ ¨

1PS FM FYBIVTUP %S 3BCJBT

6

O (SFNMJO FT VOB DSJB UVSB NJUPMØHJDB EF OB UVSBMF[B NBMÏWPMB FO MB USBEJDJØO TBKPOB 4V OPNCSF QSPWJFOF EFM JOHMÏT BOUJHVP HSÑNJBO RVF TJHOJmDB NPSUJmDBS P IBDFS FOGBEBS QFSP UBNCJÏO FT DPOPDJEP DPNP VO QFRVF×P NPTUSP DBQB[ EF EFT USVJS UPEB DMBTF EF NBRVJOBSJB P QPS MP NFOPT FTP DPOUBCBO MPT QJMPUPT JOHMFTFT EF MB 3PZBM "JS 'PSDF RVF TJSWJFSPO FO 0SJFOUF .FEJP EVSBOUF MB 4FHVOEB (VF SSB .VOEJBM MB IJTUPSJB JOUFOUBCB FYQMJDBS MPT GSFDVFOUFT BDDJEFO UFT RVF QSPWPDBCBO MBT DBÓEBT EF MPT BWJPOFT TJO TFS BUBDBEPT

-B HSBO NBZPSÓB TJO FNCBSHP QJFOTB JONFEJBUBNFOUF FO MB QFMÓ DVMB EF 4QJFMCFSH BRVFMMB EPOEF 3BOE 1FMU[FS VO JOWFOUPS DIBGB SFHSFTB B TV IPHBS FO ,JOHTUPO 'BMMT Z FO VOB DPDIBNCSPTB UJFO EB TJUVBEB FO VO TØUBOP EFM CB SSJP DIJOP TF FODVFOUSB FM SFHBMP OBWJEF×P QFSGFDUP QBSB TV IJKP #JMMZ VO QFMVEP Z UJFSOP .PHXBJ MMBNBEP (J[NP &YUSB×P BOJNBMJUP RVF WB BDPN QB×BEP EF SFHMBT /P EFKBS RVF SFDJCB MV[ JOUFO TB FTP MP NBUB

/P QFSNJUJS RVF TF NPKF QPS RVF TF QVFEF EFTBUBS VO DBPT /VODB Z QPS OJOHÞO NPUJWP EBSMF EF DPNFS EFTQVÏT EF NF EJBOPDIF $PTB RVF QPS TVQVFTUP OP TF DVNQMF Z EB PSJHFO B VO HSVQP EF .PHXBJT RVF USBT BWFOUBSTF VO CBORVFUF OPDUVSOP NVUBO FO VOB WFSTJØO EFMJSBOUFNFO UF NBODIBEB DPNBOEBEB QPS 4USJLF BDÈ TF MF DPOPDJØ DPNP 3BZJUB VOB FTQFDJF EF MBHBSUP DPO NFDIØO CMBODP FO TV DSFTUB QVOLJF RVF TF FODBSHB MP NJTNP EF MMFWBSMPT BM DJOF B WFS #MBODB /JFWFT EPOEF TF QPOFO B DBO UBS RVF EF FOTF×BSMFT B KVHBS SV MFUB CBJMBS CSFBLEBODF EFTUSVJS UPEP MP RVF TF MFT BUSBWJFTB Z QPOFSTF B DIVQBS NJFOUSBT VOPT TF USBTWJTUFO Z PUSPT SFDVSSJFOEP B HBHT EF MB DVMUVSB QPQVMBS HSJO HB SFDSFBO FTDFOBT EFM 1BESJOP Z TF CVSMBO EF #BUNBO 4F USBUB FO SFTVNFO EF VOB UF SSJCMF QFTBEJMMB OBWJEF×B TBMQJ DBEB EF WJPMFOUBT NVFSUFT QFSP FOWVFMUB DPO VOB FYUSB×B NVFT USB EF IVNPS OFHSP -P ÞOJDP NBMP FT RVF B×PT EFTQVÏT FT EFDJS FO TF FTUSFOBSÓB VOB NVZ NBMB TFHVOEB QBSUF UJUVMBEB (SFNMJOT 5IF /FX #BUI EPO EF $BMJGPSOJB TFSÓB DBNCJBEB QPS /VFWB :PSL Z MB DBTB EF MPT 1FMU [FS QPS VO SBTDBDJFMPT QSPQJFEBE EFM NBHOBUF %BOJFM $MBNQ 6OB QFRVF×F[ RVF QPS TVFSUF OP MF SFTUB FO MP NÈT NÓOJNP MB QPQVMBSJEBE RVF FTUPT WJDJPTPT FHPÓTUBT WJPMFOUPT Z CVSMPOFT NPTUSPT IBO BMDBO[BEP B QPDP NÈT EF EÏDBEBT EF IBCFS BQB SFDJEP FO QBOUBMMB

/

BM GVF MB TFO UFODJB FNJUJ EB QPS FM KVF[ EF MB DPSUF EF -BIPSF FO CBTF B MB 4IB}BSJB MFZ USBEJ DJPOBM JTMÈNJDB NJT NB RVF EFTEF DJFO UPT EF B×PT TF IB GVOEBNFOUBEP FO MB WJFKB MFZ EFM 5BMJØO iPKP QPS PKP Z EJFO UF QPS EJFOUFw

&M TFOUFODJBEP FSB FM JOHFOJFSP RVÓNJ DP EF B×PT +B WFE *RCBM RVJFO IBTUB FM EÓB EF IPZ DVFOUB DPO FM GV OFTUP IPOPS EF TFS FM NÈT TBOHVJ OBSJP Z QSPMÓmDP BTFTJOP TFSJBM FO MB IJTUPSJB JOEFQFOEJFOUF EF 1BLJTUÈO RVF FT EF B×PT

4V NPEP EF PQFSBDJØO FSB TJNQMF TBMÓB B MBT DBMMFT Z CVTDBCB OJ×PT QPCSFT P JOEJHFOUFT RVF FTUVWJFSBO EJTQVFTUPT B TFHVJSMP DPO MB QSPNFTB EF VOB CVFOB DPNJEB DBMJFOUF MPT MMFWBCB B TV DBTB Z USBT WJPMBSMPT MPT FTUSBOHVMBCB Z EFTUB[BCB QBSB UJSBS TVT DVFSQPT FO VOB UJOB MMFOB EF ÈDJEP RVF B MPT QPDPT EÓBT MPT DPOWFSUÓB FO VOB NBTB DIJDMPTB Z QFTUJMFOUF RVF UJSBCB QPS FM DB×P -BT TPTQFDIBT QPS FM OÞNFSP EF EFTBQBSFDJEPT JCBO FO BVNFOUP QFSP OBEJF TF JNBHJOBCB RVF TF USBUBCB EF VO BTFTJOP Z NFOPT EF VO FYIJCJDJPOJTUB RVF FO VO BDUP EF WFSEBEFSB MPDVSB FOWJØ VOB DBSUB B MB QPMJDÓB DPOGFTBOEP TVT DSÓNFOFT RVF FYQMJDBCB EFUBMMBEB NFOUF Z NPGÈOEPTF EF TV JODBQBDJEBE QBSB EFUFOFSMP OJ MP CVT DBCBO 1FSP MB DPTB OP QBSØ BIÓ Z GVF B MB SFEBDDJØO EFM EJBSJP i5IF /FXTw Z EFDMBSØ FO FYDMVTJWB RVF OP TFOUÓB OJOHÞO SFNPSEJNJFOUP Z RVF TJ TØMP IBCÓB NBUBEP B OJ×PT Z OP B GVF QPSRVF TV NFUB FSB ÏTB Z EFTQVÏT MF EJP nPKFSB JS NÈT BMMÈ -B DBDFSÓB DSJNJOBM JOJDJØ Z FO EJDJFNCSF EF GVF EFUFOJEP FO TV NJTNB DBTB EPOEF TF FODPOUSØ VO JNQSFTJPOBOUF BSDIJWP DPO MBT GP UPT EF DBEB VOB EF MBT WÓDUJNBT Z BMHVOPT QFRVF×PT SFDVFSEPT SPQB EJFOUFT NFDIPOFT EF DBCFMMP V×BT QVMTFSBT 1SPOUP TF EFTDVCSJØ RVF UFOÓB DØNQMJDFT Z UPEPT GVFSPO B EBS B MB QSJTJØO EF ,PU -BLIQBU EPOEF +BWFE Z TV TPDJP EF B×PT 4BKJE "INFE FTQFSBCBO TV TFO UFODJB MPT PUSPT QPS TFS NFOPSFT EF FEBE OP GVFSPO DPOEFOBEPT B NVFSUF MB DVBM TJO FNCBSHP OVODB TF DVNQMJØ ZB RVF VOPT EÓBT BOUFT EF MB GFDIB QSPHSBNBEB EF PDUVCSF EF GVFSPO FODPO USBEPT BIPSDBEPT FO TVT DFMEBT "VORVF MBT BVUPQTJBT NPTUSBSPO RVF NVSJFSPO B HPMQFT MBT BVUPSJEBEFT EJDUBNJOBSPO TVJDJEJP

^® ^p¥

$ WDOH RI WZR VLVWHUV /PNCSFT JEJPUBT FO FTQB×PM QBSB QFMÓDVMBT FYUSBOKFSBT IBZ NVDIÓ TJNPT 3FDVFSEP TØMP QPS DJUBS BMHVOPT FKFNQMPT RVF B 5IFMNB BOE -PVJTF MF QVTJFSPO 6O mOBM JOFTQFSBEP MP DVBM QBSBEØKJDB Z FTUÞQJEBNFOUF BMFSUBCB B MPT FTQFDUBEPSFT TPCSF FM TPSQSFTJWP mOBM EF MB DJOUB Z {RVÏ NF EJDFO EF 7JEBT QFSEJEBT QBSB ,JET P -B WJEB FO FM BCJTNP UÓUVMP DPO RVF TF DPOPDJØ FO .ÏYJDP 5SBJOTQPUUJOH MB BEBQUBDJØO DJOFNBUPHSÈmDB EF %BOOZ #PZMF B MB TFNJOBM OPWFMB EF *SWJOF 8FMTI 1FSP DPO MB RVF TÓ TF WPMBSPO MB CBSEB NFKPS QBSB EFDJSMP DPNP %JPT NBOEB 4Ó OP UV WJFSPO NBESF GVF DPO FTUB " UBMF PG UXP TJTUFST )JTUPSJB EF EPT IFS NBOBT FTQFMV[OBOUF DJOUB DPSFBOB EF EJSJHJEB QPS ,JN +FF 8PPO B MB RVF CBVUJ[BSPO DPO FM QFOEFKÓTJNP Z USBNQPTP OPNCSF EF -PT 1PTFÓEPT

?A AO

1PS 1FSSP .BMP QFSSP@NBMP !IPUNBJM DPN *MVTUSBDJØO (BCSJFM (BSDÓB 3BOHFM VOSFBM@CPSO!ZBIPP DPN NY

+=@N=OPN=O DEF =O @ A LQ P= = @K H

JP AO @ AO MQ E? E= @=O Q J LQ A>HK @A

: FT RVF DPNP TJ OP CBTUBSB DPO MPT NÞMUJQMFT FMPHJPT SFDJCJEPT FO 'FTUJWB MFT EF UPEP FM NVOEP F JODMVTP FO OVFTUSP QBÓT FO FM 'PSP JOUFSOBDJPOBM EF MB $JOFUFDB MPT FODBSHBEPT EF UJUVMBS MBT QFMÓDVMBT {RVJÏOFT TPO {QPS RVÏ TPO UBO NBMPT EFCJFSPO DSFFS DPOWFOJFOUF QPOFSMF VO UÓUVMP iNÈT DPNFSDJBMw RVF BUSBKFSB NÈT HFOUF B MBT TBMBT Z TF EFDJEJFSPO QPS FTB NBNBEB EF -PT 1PTFÓEPT MB DVBM OP UJFOF FO BCTPMVUP OBEB RVF WFS DPO FM mMNF #BTBEB FO VO DVFOUP QPQVMBS DPSFBOP RVF TF MF TVFMF DPOUBS B MPT OJ×PT PKPTSBTHBEPT RVF TF OJFHBO B JS B MB DBNB MB DJOUB BSSBODB DPO VOB BEPMFTDFOUF DBTJ SFEVDJEB BM BVUJTNP JOUFSOBEB FO VO IPTQJUBM QTJRVJÈUSJDP RVF FT JOWJUBEB QPS TV MPRVFSP DPNP QBSUF EF TV UFSBQJB B SFDPSEBS MPT QFSUVSCBEPSFT TVDFTPT RVF UFSNJOBSPO QPS DPOEVDJSMB B TFS IPTQFEBEB QPS MB GVFS[B FO BRVFMMB EFQSJNFOUF DBTB EF MB SJTB %F FTUB GPSNB OPT FOUFSBNPT RVF MB TFYZ QBDJFOUF TF MMBNB 4V .J RVF TV IFSNBOB FT 4V :FVO Z RVF MVFHP EF VOB MBSHB BVTFODJB EFCJEB BM TVJDJEJP EF TV NBESF SFHSFTBO BM IPHBS QBUFSOP QBSB FODPOUSBSTF DPO RVF TV QBESF IB DPO USBÓEP OVQDJBT DPO MB EFTBHSBEBCMF BVORVF TBCSPTB DØNP OP KF .V )ZFPO VOB QFSSB WFSEBEFSBNFOUF TÈEJDB RVF TF FOUSFUJFOF UPSUVSBOEP B MB NFOPS EF MBT IFSNBOBT DPO JOPDFOUFT DBTUJHPT DPNP FODFSSBSMB EVSBOUF IPSBT FO VO BSNBSJP FO EPOEF TF HVBSEB BMHP NJM WFDFT NÈT UFSSPSÓmDP RVF TJNQMFT WFTUJEPT Z PTDVSJEBE -B DPTB BM NFOPT FO BQBSJFODJB FTUÈ BTÓ QPSRVF DPOGPSNF BWBO[B MB DJOUB FM EJSFDUPS OPT TVNFSHF DPO NBFTUSÓB Z TPCSJF EBE FO MB NFOUF EF 4V .J 6OB NFOUF IFDIB QFEB[PT GSBHNFOUBEB Z FTRVJ[PGSÏOJDB RVF MB MMFWB B BMVDJOBS {P SFDPSEBS SFBMNFOUF DPOWFSTBDJPOFT DPO TV IFSNBOB NVFSUB {P WJWB Z TJUVBDJPOFT EF WJPMFODJB FYUSFNB DPNP TV NBESBTUSB BSSBTUSBOEP VO WPMVNJOPTP Z FOTBOHSFOUBEP TBDP FO FM RVF QSFTVNJCMFNFOUF TF FODVFOUSB 4V :FVO Z BM DVBM NÈT UBSEF FMMB NJTNB TF WFSÈ BQPSSFBOEP TJO QJFEBE &TP DMBSP TJO NFODJPOBS B MB IPSSJQJMBOUF QSFTFODJB EJBCØMJDB oNÈT UFSSJCMF RVF MB 4BEBLP EF 3JOHV Z FM FTQFDUSP EF +V PO KVOUPT OFUP RVF TF PDVMUB FO FM BSNBSJP Z EF WF[ FO WF[ TBMF QBSB IFMBS MB TBOHSF EF MPT IBCJUBOUFT WJWPT P NVFSUPT EF MB DBTB "TÓ DPO DPOTUBOUFT F JOUFMJHFOUFT WVFMUBT EF UVFSDB RVF OP QBSBO EF TPSQSFOEFS BM BUFSSBEP FTQFDUBEPS oQPDBT WFDFT IF WJTUP BVEJFODJBT FO FM DJOF MBO[BOEP FYDMBNBDJPOFT Z HSJUPT EF BVUÏOUJDP IPSSPS MB WFSEBEFSB IJTUPSJB EFM TVJDJEJP EF MB NBESF EF MBT IFSNBOBT TF WB SFWFMBOEP FO NFEJP EF VOB BUNØTGFSB QPESJ EB Z FOGFSNJ[B RVF TJO OFDFTJEBE EF SFDVSSJS BM TVTUP CBSBUP Z MPT DMJDIÏT IBCJUVBMFT EFM HÏOFSP BM NJTNP UJFNQP GBTDJOB Z QFSUVSCB .ÈT BMMÈ JODMVTP EF MBT QSPQVFTUBT EF PUSPT EJSFDUPSFT BTJÈUJDPT ,JN +FF 8PPO IB DPOTFHVJEP MMFWBS BM FYUSFNP FTUB FYUSBPSEJOB SJB )JTUPSJB EF %PT IFSNBOBT VOB EF MBT NFKPSFT DJOUBT EF UFSSPS FO NVDIPT NVDIPT B×PT 4J TPO BGPSUVOBEPT UPEBWÓB MB FODPOUSB SÈO FO DBSUFMFSB TJ OP B DPOTFHVJSMB DPNP MPDPT FO TV UJFOEB EF WJEFPT EF DPOmBO[B 1PDBT NBOFSBT NFKPSFT EF DPNFO[BS FM B×P FODPOUSBSÈO 4F MPT BTFHVSP

AS 7 A

/HJHQG RI &UD]\ JHRUJH

, U L L N= !

O = P = L LOE?p

GEJ CKNADKQJ @O $Q?

N =

&O MPT SFDØOEJUPT QVFCMPT SVSBMFT EF /PSUFBNÏSJDB DPNP TJ FM BJTMBNJFOUP BDFSDBSB NÈT B TVT IBCJUBOUFT DPO TVT QSPQJBT QFSWFSTJPOFT TF FTDPOEFO MPT BTFTJ OPT TFSJBMFT NÈT GBOÈUJDPT FOGFSNPT Z SFUPSDJEPT EFM QBJT -P TBCF FM '#* MP TBCF MB WPY QPQVMJ Z MP TBCFO BMHVOPT DJOFBTUBT DPNP 5PCF )PPQFS -B NBTBDSF EF 5FYBT Z (FPSHF 'VSNBO FM BVUPS EF FTUB CJ[BSSB -F HFOE PG DSB[Z (FPSHF RVF TF FYIJCJØ DPNP QBSUF EFM 7 GFTUJWBM .BDBCSP EF MB $JVEBE EF .ÏYJDP FO VOB TBMB TFNJ WBDÓB EF MB #JCMJPUFDB .ÏYJDP TJUVBDJØO RVF -BEZ 7BNQJSF Z ZP BQSPWFDIBNPT QBSB BEFNÈT EF BUFTUJ HVBS NVUJMBDJPOFT UPSUVSBT Z BQV×BMBNJFOUPT MBNFSOPT Z BDBSJ DJBS UPEB MB QJFM RVF OVFTUSPT B U V F O E P T NJOJWFTUJ EP EF UFS DJPQFMP Z CPUBT B MB SPEJMMB FMMB Z QBOUPT EF CPUPOFT Z DBNJTFUB ZP OPT QFSNJUÓBO +F 'JMNBEB FO MB -FZFOEB EFM -PDP (FPSHF FT FM SFDVFOUP EF MB QFTBEJMMB WJWJEB QPS 5PNNZ VO QPCSF EJBCMP RVF VO EÓB DPNP TJ IVCJFSB DBÓEP QPS BDDJEFOUF FO FM 6OJWFSTP EF MB "MJDJB FO FM QBÓT EF MBT NBSBWJMMBT EF -FXJT $BSSPMM QFSP FO CJ[BSSP `DPNP TJ UBM DPTB GVFSB QPTJ CMF BQBSFDF FO 5FOFTTF DPO VOB DBSUFSB FOUSF MBT NBOPT QFSUFOFDJFOUF B VO UBM $SB[Z (FPSHF *NQVMTBEP QPS VOB FYUSB×B GVFS[B 5PNNZ TF FNCBSDB FO VO FOMPRVFDJEP WJBKF FO MB CÞTRVFEB EFM TJOHVMBS QFSTPOBKF FO FM RVF UFOESÈ FODVFOUSPT QPDP BGPSUVOBEPT DPO XIJTLZ ESPHBT Z WJPMFODJB FYUSFNB 1PSRVF FO BRVFM JOTJHOJmDBOUF QVFCMJUP PMWJEBEP EF MB NBOP EF %JPT IB PDVSSJ EP VOB TFSJF EF BTFTJOBUPT TJO SFTPMWFS Z RVF MB QPMJDÓB OJ TJRVJFSB TF UPNB MB NP MFTUJB EF JOWFTUJHBS MPT DVBMFT TFHÞO DJFSUPT SVNPSFT TF MF BDIBDBO B (FPSHF FM PSBUF 1FSP EFTQVÏT EF DPOPDFS B BMHVOPT IBCJUBOUFT EFM QVFCMP GBOÈUJDPT JH OPSBOUFT Z TÈEJDPT RVF FYUSB×BNFOUF QPSUBO VO UBUVBKF RVF MPT JEFOUJmDB DPNP NJFNCSPT EF MB TFDUB iFM DJOUVSØO EF MB #JCMJBw 5PNNZ DPNJFO[B B WJTMVNCSBS RVF UBM WF[ OP IBZB VO -PDP (FPSHF Z RVF MB WJPMFOUB DPNVOJEBE FT FO SFBMJEBE MB SFTQPOTBCMF EF MPT IPSSJCMFT DSÓNFOFT *OTQJSBEB FO QBSUF FO BDPOUFDJNJFOUPT WFSEBEFSPT PDVSSJEPT FO FM DPOEBEP EF 1VUNBO 5FOFTTF FTUB CJ[BSSB DJOUB JOEFQFOEJFOUF FT VOB JORVJFUBOUF IJTUPSJB B NFEJP DBNJOP FOUSF MPT MØCSFHPT VOJWFSTPT EF %BWJE -ZODI Z MBT QBDIFDBT GBOUB TÓBT EF -FXJT $BSSPMM RVF FYQMPSB MPT IPSSFOEPT TFDSFUPT oWJPMFODJB JOUSBGBNJMJBS BTFTJOBUPT JODFTUP [PPmMJB F JODMJOBDJPOFT QPS UPEP UJQP EF WJPMFODJB TÈEJDB RVF TVFMFO DPNQBSUJS MPT QVFCMFSJOPT HBCBDIPT VOB QTZDIP SPBE NPWJF NVTJDBMJ[B EB QPS NFUBM EF BMUP DBMJCSF RVF DVFOUB DPNP QMVT DPO MB BDUVBDJØO EF MB TVDVMFOUB TDSFBN RVFFO BDUSJ[ GFUJDIF EF 5SPNB 'JMNT %FCCJF 3PDIPO "TÓ RVF ZB TF JNBHJOBSÈO MP RVF MFT FTQFSB TJ UJFOFO MB TVFSUF EF DPOTFHVJSMB *EFBM QBSB WFSTF FO VOB DBCB×B QFSEJEB FO NFEJP EF VO CPT RVF 0 FO VO DJOF NFEJP WBDÓP DPNP ZP +F

/zP ^¥Pz>