'6/%"%03&4 +FT·T ~MWBSF[ EFM $BTUJMMP 7 +PSHF ~MWBSF[ EFM $BTUJMMP ;
53"7&4¶" 103 ."336&$04
&%*503 %*3&$503 $BSMPT ~MWBSF[ EFM $BTUJMMP (
6OB CFMMB QPTUBM EF «GSJDB 6OB KJOFUF DPNQJUF EVSBOUF MB DBSSFSB FDVFTUSF i(BMMPQT PG .PSPDDPw FO .BSSVFDPT -B DBSSFSB VOB EF MBT NÈT EVSBT B OJWFM NVOEJBM TF MMFWB B DBCP FO FM EFTJFSUP EF .FS[PVHB BM TVS EFM EFTJFSUP EFM 4BIBSB FO TV QPSDJØO NBSSPRVÓ
"º0 $* /Á.&30
%
4&$$* /
&- 4&$3&50 %& %;*#*-$)"-5Á/ &M MVHBS EF FTDSJUVSB TPCSF QJFESBT QMBOBT FO :VDBUÈO UJFOF NJTUFSJPT RVF UPEP UVSJTUB RVF MP WJTJUF EFCF EFTDVCSJS [YÊ*?} >ÊUÊ` Ã
(6"%"-"+"3" +"- %0.*/(0 %& ."3;0 %&
L=O=LKNPA H= CQå= L=N= @EOBNQP=N AH @KIEJCK
-Õ«iÀÛ Ã À\Ê >Ê, `À }ÕiâÊ> >°À `À }ÕiâJ v À >` À°V ° ÝÊÉÊ Õ> Ê À> V ÃV Ê â? iâÊÊvÀ> V ÃV °} â> iâJ v À >` À°V ° ÝÊ
3VUB EFM WJOP
NJMBHSP CBKBDBMJGPSOJBOP 'SBODJTDP (PO[²MF[
-
B UJFSSB GFDVOEB FM 4PM HFOFSPTP BMUJUVE QFS GFDUB NBOPT EFEJDBEBT Z UBMFOUPTBT /P QPE½B TFS EF PUSB NBOFSB &M SPNQFDBCF[BT DFMFTUJBM VOJÂ UPEBT TVT QJF[BT FO #BKB $BMJGPSOJB Z FM SFTVMUBEP FT VOB EF MBT SFHJPOFT QSPEVDUPSBT EF WJOP N²T EFTUBDBEBT B OJWFM NVOEJBM -B 3VUB EFM 7JOP FO MB FOUJEBE OPSUFÁB TF IB WVFMUP VO BUSBDUJWP QBSB FM UVSJTNP HBTUSP OÂNJDP Z OP TPMBNFOUF QPS MPT NBUJDFT RVF PGSFDFO TVT DPQBT " MB QBS EFM OBDJNJFOUP EF DBTBT QSPEVDUPSFT Z FUJRVFUBT EF QSFTUJHJP TF IBO EFTBSSPMMBEP JONFOTPT TFNCSBE½PT IB DJFOEBT EPOEF FM MVKP FT MB DPOTUBOUF Z VOB DSF DJFOUF PGFSUB EF SFTUBVSBOUFT RVF DPNCJOBO MPT TBCPSFT OBDJPOBMFT DPO QSPQVFTUBT HPVSNFU MMFHBEBT EF UPEP FM NVOEP &M 7BMMF EF (VBEBMVQF FT DPOTJEFSBEP FM DPSB [ÂO EF MB 3VUB BVORVF OP FT FM ÈOJDP 5BNCJ¹O JO DMVZF 4BO "OUPOJP EF MBT .JOBT 7BMMF EF MBT 1BM NBT 4BOUP 5PN²T Z 4BO 7JDFOUF 'FSSFS &OUSF UPEPT QSPEVDFO FM EF MB QSPEVDDJÂO EF WJOPT FO OVFTUSP QB½T
=OH; >? @;GIM;M <I>?A;M S AL;H>?M M;<IL?M& ?M N;G<C}H OH; ?R=?F?HN? ?F?==CåH J;L; ;KO?FFIM KO? <OM=;H HO?PIM M;<IL?M JIL >?M=O<LCL %F BDVFSEP B MB XFC 5VSJHVJEF DPN EFOUSP EF MPT WJOPT CMBODPT CBKBDBMJGPSOJBOPT RVF TF QSPEV DFO BRV½ TF DVFOUBO MBT VWBT $IFOJO #MBOD $PMPN CBSE 4BVWJHOPO #MBOD Z $IBSEPOOBZ FO UBOUP RVF QBSB MPT UJOUPT TF VUJMJ[BO VWBT $BCFSOFU 4BVWJH OPO .FSMPU $BCFSOFU 'SBOD (SFOBDIF $BSJHOBO #BSCFSB /FCCJPMP Z ;JOGBOEFM
"WBMBODIB EF TBCPSFT 6OB EF MBT NBSBWJMMBT EF FTUB SVUB FT RVF UPEP FM BÁP PGSFDF FWFOUPT RVF QFSNJUFO DPOPDFSMB EFT EF EJGFSFOUFT QFSTQFDUJWBT &M QSÂYJNP TFS² FM TF HVOEP EPNJOHP EF NBZP DPO FM FWFOUP i7JÁFEP FO 'MPSw EPOEF TF DFMFCSB MB QSÂYJNB BQBSJDJÂO EF MBT VWBT &TF NJTNP NFT TF DFMFCSB FM 'FTUJWBM EFM $B CBMMP "SUF Z 7JOP &M NFKPS NPNFOUP QBSB WJTJUBS MB 3VUB EFM 7J OP FT EVSBOUF MBT MMBNBEBT i7FOEJNJBTw EPOEF
TF SFBMJ[BO FWFOUPT WJO½DPMBT BHS½DPMBT HBTUSP OÂNJDPT Z DVMUVSBMFT BT½ DPNP DVMUVSBMFT Z VOB WFSCFOB QPQVMBS 4F DFMFCSB FM QSJNFS WJFSOFT EF BHPTUP Z FT CVFOB JEFB RVF TJ RVJFSFT BTJTUJS BQBSUFT UV MVHBS ZB RVF MMFHB B DPOWPDBS IBTUB B NJM QFSTPOBT 4J EFDJEFT BTJTUJS VO DPOTFKP FT RVF UF RVFEFT FO &OTFOBEB RVF TVFMF TFSWJS DPNP QVOUP EF BSSBORVF Z IPTQFEBKF EVSBOUF MB SVUB 0KP ZB RVF FO FTUB DJVEBE FYJTUF VO WJHPSPTP NPWJNJFOUP DV MJOBSJP QPS MP RVF FT TFHVSP RVF QPES²T EJTGSVUBS BEFN²T EF VOB FTQFDUBDVMBS DPNJEB 5F TFOUJS²T FO FM QBSB½TP /P UPEP FO MB 3VUB EFM 7JOP TF SFTVNF FO MB EF MJDJPTB CFCJEB )BZ QBTFPT FO HMPCP RVF UF QFSNJ UF EJTGSVUBS EF MB GBTUVPTB WJTUB EF MPT WBMMFT 5BN CJ¹O QVFEFT EJTGSVUBS EFM .VTFP EF MB 7JE Z FM 7JOP FO 7BMMF EF (VBEBMVQF
&M IPTQFEBKF QFSGFDUP %JTGSVUB EF &OTFOBEB FO )PUFM $PSBM .BSJOB LJMØ NFUSP EF MB DBSSFUFSB 5JKVBOB &OTFOBEB $VFOUB DPO GBDJMJEBEFT QBSB RVF UF USBTMBEFT B 7BMMF EF (VBEB MVQF 5JFOF GBNB FOUSF MPT IVÏTQFEFT QPS TV CVFO USB UP Z TFSWJDJP BTÓ DPNP MB MJNQJF[B RVF PGSFDF 1BSB NÈT JOGPSNBDJØO Z SF TFSWBDJPOFT WBMF MB QFOB RVF WJTJUFT MB QÈHJOB EF JO UFSOFU XXX IPUFMDPSBM DPN