Tapatío 25 de junio de 2017

Page 1

'6/%"%03&4 +FTยทT ~MWBSF[ EFM $BTUJMMP 7 +PSHF ~MWBSF[ EFM $BTUJMMP ;

&%*503 %*3&$503 $BSMPT ~MWBSF[ EFM $BTUJMMP (

"ยบ0 $ /ร .&30

#

4&$$*ย /

ENCUENTRA CADA DOMINGO

4)");"*# ",#&3

En las pรกginas de

ESTA SECCIร N

1ร HJOB EPT

130'6/%*%"%&4

&- 3"."%ยซ/ 6/" $&-&#3"$*ยป/ 26& */7*5" " -" &41*3*56"-*%"% %& -" ."/0 %& 6/ ".#*&/5& --&/0 %& $0-03 -ร ยซiร ร ย ร ย ร \ร >ร ย ย ร >ร ร ย ย ย ย ร ย >ร ย ย ยฐV>ร ร ย ย ย ย Jย ย vย ร ย >`ย ร ยฐVย ย ยฐย ร

?Q=@ANJK @A HA?PQN=

(6"%"-"+"3" +"- %0.*/(0 %& +6/*0 %&

%&4%& -"4

*-6 4

53 "

$*ยป

/ t

&-

*/

'0

3.

"%

03

+

-ยป

1&;

%&- 0$ย "/0

" BยจPT EF TV NVFSUF +BDRVFT $PVTUFBV TJHVF TJFOEP FM SFGFSFOUF FO MBT FYQMPSBDJPOFT NBSยคUJNBT TV MFHBEP WB Nย T BMMย EF EPDVNFOUBMFT MJCSPT Z UFDOPMPHยคB TPCSF MP RVF IBZ FO FM GPOEP EFM NBS

%

1PS +PSHF 1ยนSF[

F MB TVQFSGJDJF EF MB 5JFSSB DFSDB EF VO FTUยฒ DVCJFSUB QPS BHVB &YQMPSBEPSFT EF UPEBT MBT ยนQPDBT FOGPDBSPO TVT FT GVFS[PT FO MMFHBS B UJFSSB GJSNF VTBOEP MPT NBSFT Z PDยนBOPT DPNP VO NFEJP QBSB BMDBO[BS TV EFTUJOP -PT QFMJHSPT RVF TF FTDPOEFO EFCBKP EFM BHVB IBO DBVUJWBEP MB JNBHJOBDJร O Z BQFOBT TF DPNFO[BSPO B EFTDVCSJS B QSPGVOEJEBE EVSBOUF FM TJHMP QBTBEP &OUSF MPT JOWFTUJHBEPSFT RVF DFOUSBSPO TV PCKFUP EF FTUVEJP FO FM BHVB JOUFSDPOUJOFOUBM FTUVWP VO GSBODยนT +BDRVFT $PVT UFBV VO JDPOP EF MB EJWVMHBDJร O DJFOUยฝGJDB HSBDJBT B TVT EPDVNFOUBMFT FO MPT RVF FYQMPSร MBT BHVBT EF OVFTUSP NVOEP )PZ FT TV WJHยนTJNP BOJWFSTBSJP MVDUVPTP /BDJEP FO $PVT UFBV GVF NJFNCSP EF MB "DBEFNJB 'SBODFTB FTDSJUPS DJOFBTUB JOWFTUJ HBEPS Z GPUร HSBGP FOUSF PUSBT BDUJWJEBEFT RVF EFTBSSPMMร TJFNQSF DPO GMVZFOEP FO FM DBVDF EF MPT NBSFT &O TV IJTUPSJB EF WJEB QSPGFTJPOBM $PVTUFBV TF FOSPMร FO MB .BSJ OB GSBODFTB MVFHP EF EFDMJOBS TV JOUFSยนT QPS MB BWJBDJร O 'VF BMMยฝ EPOEF QSPGVOEJ[ร FO MBT BHVBT TV BDUJWJEBE FO FM CVDFP Z MB QPTJDJร O EFOUSP EF MB .BSJOB EF TV QBยฝT MF QFSNJUJFSPO DPMBCPSBS FO MB JOWFODJร O EF VO SFHVMBEPS RVF SFEVDF MB QSFTJร O EFM BHVB FO MPT UBORVFT EF BJSF DPN QSJNJEP GBDJMJUBOEP MB SFTQJSBDJร O CBKP FM BHVB 1BSB FMMP USBCBKร DPO ย NJMF (BHOBO FM SFTVMUBEP JNQBDUร OP Tร MP FM NFEJP QSPGFTJPOBM Z EF JOWFTUJHBDJร O BDVยฒUJDB QVFT FM TJTUFNB IB TJEP UBNCJยนO VUJMJ[BEP DPO GJOFT Mร EJDPT &T EFDJS TJ VTUFE IB JEP B CVDFBS MP NยฒT QSPCBCMF FT RVF IBZB VTBEP MB UFDOPMPHยฝB EF ย NJMF Z +BDRVFT $PVTUFBV %JDIP BWBODF UFDOPMร HJDP TVDFEJร QPDP BOUFT EF UFSNJOBEB MB 4FHVOEB (VFSSB .VO EJBM QFSP +BDRVFT OP QFSNBOFDFSยฝB NVDIP EFOUSP EF MB .BSJOB "OUFT EF UFSNJOBS MB EยนDBEB BCBOEPOBSยฝB TVT GJMBT QBSB SFBMJ[BS EF UJFNQP DPNQMFUP MB MBCPS QPS MB RVF HBOBSยฝB QPQVMBSJEBE

&M MFHBEP %VSBOUF TVT Bร PT EF TFSWJDJP FNQF[ร TV BNQMJB GJMNPHSBGยฝB DPO HSB CBDJPOFT FO EPOEF TF EBCBO DVFOUBT EF MBT QSVFCBT EFM FRVJQP RVF JOWFO UBCB 1FSP OP GVF TJOP IBTUB EPOEF QVEP EBS SJFOEB TVFMUB BM SPMMP EF GJMNBDJร O SFDJCJร FO VOB FTQFDJF EF DPNPEBUP FM CBSDP $BMZQTP RVF BEF DVร QBSB GVOHJS DPNP VO MBCPSBUPSJP GMPUBOUF VOB FNCBSDBDJร O EFTUJOBEB B MB JOWFTUJHBDJร O NBSยฝUJNB FM CVDFP Z MB GJMNBDJร O EF FTBT BWFOUVSBT " CPSEP EFM $BMZQTP +BDRVFT FNQSFOEJร MB UBSFB EF EBSMF MB WVFM UB B MB 5JFSSB B USBWยนT EF TVT NBSFT Z EPDVNFOUBS WJTVBMNFOUF UPEP FM SFDPSSJEP Z MPT IBMMB[HPT EF MB WJEB BDVยฒUJDB 1SPNPUPS EFM HยนOFSP EP DVNFOUBM TVT QSPEVDDJPOFT TVQFSBO FM DFOUFOBS FOUSF DPSUPNFUSBKFT TFSJFT Z DJOUBT JOEJWJEVBMFT "VORVF TV BDFSDBNJFOUP BM 4ยนQUJNP "SUF FSB NยฒT QPS MB JOWFTUJHBDJร O Z EJWVMHBDJร O +BDRVFT Z TV FRVJQP QSPO UP BMDBO[BSPO ยนYJUPT (BOBEPS EF USFT QSFNJPT 0TDBS EPT DPNP NFKPS MBSHP EPDVNFOUBM Z Z VOP DPNP NFKPS DPSUPNFUSBKF TV GJMNPHSBGยฝB UBNCJยนO NFSFDJร VO QSFNJP EF #"'5" VO &NNZ Z EPT HBMBSEPOFT FO $BOOFT Z " MB QBS EF MB DJOFNBUPHSBGยฝB $PVTUFBV MFHร TVT FYQFSJFODJBT EF

GPSNB FTDSJUB 4V QSJNFS MJCSP QVCMJDBEP GVF i&M NVOEP EFM TJMFODJPw EF FO DPBVUPSยฝB DPO 'SยนEยนSJD %VNBT 4V TJHVJFOUF QBS EF MJCSPT GVF JHVBMNFOUF B DVBUSP NBOPT DPO +BNFT %VHBO i6O NVOEP TJO 4PMw GVF TV DVBSUP MJCSP ยนTUF Tยฝ JOEJWJEVBM "M JHVBM RVF DPO MBT TFSJFT EPDVNFO UBMFT FO TV CJCMJPHSBGยฝB JODMVZร QVCMJDBDJPOFT TFSJBEBT DPNP i-PT EFT DVCSJNJFOUPT TVCNBSJOPT EF $PVTUFBVw PDIP WPMร NFOFT P i&M NVO EP PDFยฒOJDP EF $PVTUFBVw DPO FOUSFHBT %F FOUSF TVT WBTUP BDFSWP GยฝMNJDP FT JOFWJUBCMF EFTUBDBS i&M NVOEP EFM TJMFODJPw MB BEBQUBDJร O EF TV ร QFSB QSJNB FO MBT MFUSBT $PO ยนM HBOร FO $BOOFT Z FO MB "DBEFNJB FTUBEPVOJEFOTF &O FM QFSJQMP FM FRVJQP EFM $BMZQTP WJBKB QPS FM .FEJUFSSยฒOFP FM (PMGP 1ยนSTJDP FM .BS 3PKP Z FM 0DยนB OP ยกOEJDP VOB QFRVFร B NVFTUSB EF MB HFPHSBGยฝB RVF WJTJUBSยฝB FM SFTUP EF TV DBSSFSB DBTJ NFEJP TJHMP EF BDUJWJEBE 3PEFBEP QPS EPT PDยนBOPT .ยน YJDP GVF VOP EF MPT Nร MUJQMFT EFTUJOPT EF FTUF WJFKP MPCP EF NBS NVSJร B MPT &O QBSUJDVMBS TPCSF FM .BS EF $PSUยนT TF FYQSFTร DPO FMPHJP QPS TV FDPEJWFSTJEBE BM DBMJGJDBSMP DPNP iFM BDVBSJP EFM NVOEPw

&TUJMP ยทOJDP *ODPOGVOEJCMF DPO TV HPSSP DPMPS SPKP Z TVT MFOUFT MB GJHVSB EFM FY QMPSBEPS GSBODยนT TF JOTUBMร FO MB DVMUVSB QPQVMBS FO MPT Bร PT TFUFOUB Z PDIFOUB DVBOEP MB QBOUBMMB DIJDB BEPQUร TVT EPDVNFOUBMFT DPNP QBS UF EF TV QSPHSBNBDJร O 4JO FNCBSHP IBDJB FM GJOBM EF TV DBSSFSB Z USBT TV NVFSUF FM MFHBEP EF +BDRVFT TF IB QVFTUP FO EVEB QPS FM TVQVFTUP QPDP DVJEBEP IBDJB MPT BOJNBMFT RVF EFKร WFS FO MBT HSBCBDJPOFT "MHV OPT DBQUVSBEPT PUSPT SFUSBUBEPT BM TFS BUBDBEPT QPS PUSPT BOJNBMFTy QBSB KV[HBS MB PCSB EF +BDRVFT IBCSยฝB RVF KV[HBSMB FO TV TJUVBDJร O IJT Uร SJDB FO VO DPOUFYUP FO EPOEF Bร O OP TF QPQVMBSJ[BCBO MBT QPTUVSBT BOJNBMJTUBT QSVFCB EF FMMP FT MB FTDBTB SFTQVFTUB OFHBUJWB RVF UVWP FO TV NPNFOUP "MHVOBT BOยนDEPUBT BM SFTQFDUP FTUยฒO QMBTNBEBT FO FM MJ CSP i.J QBESF FM DBQJUยฒO +BDRVFT :WFT $PVTUFBVw EF VOP EF TVT IJKPT +FBO .JDIFM 5BNCJยนO VO EPDVNFOUBM DPO FM NJTNP UยฝUVMP EFM FM IJKP NVFTUSB PUSB GBDFUB EFM TFS IVNBOP RVF NVDIPT WJFSPO TVSDBS MPT NBSFT FO MB UFMFWJTJร O %F FTUF MJCSP TFNJCJPHSยฒGJDP DPSUFTยฝB EF TV IJKP IBZ WFSTJร O FO FTQBร PM QVCMJDBEP QPS 1MBOFUB %F MB PCSB EFM QB ESF FT NยฒT GSFDVFOUF FODPOUSBS FKFNQMBSFT FO JOHMยนT MP NยฒT SFDPNFO EBCMF FT DPNQSBSMPT FO MยฝOFB " GBWPS EF +BDRVFT FTUยฒ TV QSFPDVQBDJร O QPS FM QMBOFUB FOUSF TVT NJMFT EF QยฒHJOBT FTDSJUBT IBZ RVF SFTBMUBS TV i$BSUB EF %FSFDIPT EF MBT (FOFSBDJPOFT 'VUVSBTw VO UFYUP CSFWF QFSP DPODJTP TPCSF MPT VTPT EF MPT SFDVSTPT OBUVSBMFT "IPSB MMBNBEP iEFTBSSPMMP TVTUFOUBCMFw MB JEFB DFOUSBM FT RVF MPT CJFOFT OBUVSBMFT OP TF BHPUFO OJ TF EBร FO EF UBM NB OFSB RVF MBT HFOFSBDJPOFT WFOJEFSBT DBSF[DBO EF FMMPT .ยฒT BMMยฒ EF TV PCSB TV MFHBEP SBEJDB UBNCJยนO FO MB 4PDJFEBE $PVT UFBV GVOEBEB FO Z RVF FO MB BDUVBMJEBE DVFOUB DPO VOPT NJM NJFNCSPT BMSFEFEPS EFM NVOEP 4V PCKFUJWP FT QSFHPOBS FM DVJEBEP EFM NFEJP BNCJFOUF Z EJWVMHBS MB EJWFSTJEBE EF WJEB FO FM QMBOFUB DPO ยนO GBTJT FO MB WJEB NBSJOB


1~(*/" #

&- */'03."%03 &- */'03."%03

%PNJOHP EF KVOJP EF

,$ i iLÀ>V '0504 t &'&

-BT OPDIFT EFM

3BNBE O

'& %VSBOUF FTUBT GFDIBT MPT NVTVMNBOFT EFCFO EFEJDBS NÈT UJFNQP B MB PSBDJØO Z B MB WJEB FTQJSJUVBM

&M DPMPS Z BMFHS¤B MMFOBSPO MBT DBMMFT EF &M $BJSP EVSBOUF VO NFT 1PS 'FSOBOEP .PMEFOIBVFS 3VJ[ &'&

4 ".#*&/5& '&45*70 &M [PDP EF +BO BM +BMJMJ VCJDBEP KVOUP B "M )VTFÓO EPOEF MPT DBJSPUBT IBDFO TVT DPNQSBT

(3"/ .07*.*&/50 .VDIPT BDVEFO B MB NF[RVJUB B SFB MJ[BS FM SF[P EFM iUBSBXJIw QFSP MB NBZPSÓB TF FDIB B MBT DB MMFT B EJTGSVUBS EF MBT IPSBT OPDUVSOBT FO MBT RVF TF DPODFO USBO UPEBT MBT BDUJWJEBEFT

PO MBT TJFUF EF MB UBSEF FM DBMPS QFHBKP TP EFM E½B EB QBTP B PUSP BUBSEFDFS FO &M $BJSP Z FM NVFD½O MMBNB B MB PSBDJÂO MP DVBM NBSDB FM NPNFOUP QBSB MPT NV TVMNBOFT DVBOEP QVFEFO UPNBS FM iJG UBSw EFTBZVOP FO MBT EJTUJOUBT NFTBT DPNVOB MFT SFQBSUJEBT QPS UPEB MB DJVEBE &T MB ÈOJDB IPSB EFM E½B FO MB RVF MBT DBMMFT DBJ SPUBT RVF TPO GBNPTBT QPS TV US²GJDP BCSVNBEPS Z TV IJQFSBDUJWJEBE TF RVFEBO WBD½BT Z USBORVJMBT EVSBOUF FM NFT TBHSBEP EF SBNBE²O FO FM DVBM MPT GJFMFT TF BCTUJFOFO EVSBOUF MBT IPSBT EJVSOBT EF DP NFS CFCFS GVNBS Z NBOUFOFS SFMBDJPOFT TFYVBMFT 1FSP FTUB FT UBO TÂMP MB DBMNB RVF QSFDFEF MB UPSNFOUB QPDP EFTQV¹T MPT FHJQDJPT MMFOBO MBT DB MMFT QMB[BT Z MVHBSFT EF PDJP DPO TVT DPOWFSTBDJP OFT Z SJTBT IBTUB BMUBT IPSBT EF MB NBESVHBEB &M SBNBE²O NBSDB MB GFDIB FO MB RVF "M² DP NFO[Â B SFWFMBSMF FM $PS²O FM MJCSP TBHSBEP EFM JT MBN BM QSPGFUB .BIPNB Z EFTEF FOUPODFT FT FM NFT TBOUP QBSB MPT NVTVMNBOFT RVF FO FTUBT GFDIBT EF CFO EFEJDBS N²T UJFNQP B MB PSBDJÂO Z B MB WJEB FT QJSJUVBM %FTQV¹T EF VO MBSHP E½B EF BZVOP NVDIPT BDVEFO B MB NF[RVJUB B SFBMJ[BS FM SF[P EFM iUBSB XJIw QFSP MB NBZPS½B TF FDIB B MBT DBMMFT B EJTGSV UBS EF MBT IPSBT OPDUVSOBT FO MBT RVF TF DPODFOUSBO UPEBT MBT BDUJWJEBEFT -BT OPDIFT EF SBNBE²O DBJSPUBT TPO D¹MFCSFT QPS TV BNCJFOUF GFTUJWP Z VOP EF MPT MVHBSFT N²T DPODVSSJEPT FT FM [PDP EF +BO BM +BMJM TJUVBEP FO MB [POB BOUJHVB EF MB DJVEBE EPOEF FT USBEJDJÂO BDV EJS FO FTUBT GFDIBT TFÁBMBEBT &O FM [PDP Z FO MBT DBMMFT EF MPT BMSFEFEPSFT IBZ QVFTUPT EF FTQFDJBT WFHFUBMFT BOJNBMFT KPZBT Z UF KJEPT Z FO NFEJP EF MB NVDIFEVNCSF TJ TF NJSB IB DJB BSSJCB TF QVFEFO WFS MPT NJOBSFUFT EF MBT NF[ RVJUBT EF MB ¹QPDB GBUJN½ Z PUSPT NPOVNFOUPT -B BDUJWJEBE TF DPODFOUSB FO UPSOP B MB NF[ RVJUB EF "M )VTF½O FOHBMBOBEB QBSB MB PDBTJÂO DPO MVDFT EF DPMPSFT Z DPO VOB DBSQB EF SBNBE²O BEZB DFOUF QBSB DFMFCSBS MPT SJUVBMFT SFMJHJPTPT

3&7&-"$*»/ 4FHÞO MPT FTUVEJPTPT JTMÈNJDPT FO -FJMBU BM 2BES MB OPDIF BOUFT EFM EÓB OÞNFSP EFM 3BNBEÈO "MÈ DPNFO [Ø B SFWFMBS FM MJCSP TBHSBEP NVTVMNÈO FM $PSÈO BM 1SPGFUB .BIPNB

-BT GBNJMJBT QBTFBO BT½ DPNP HSVQPT EF KÂWF OFT RVF EJTGSVUBO EFM BOJNBEP BNCJFOUF NJFOUSBT MPT WFOEFEPSFT BNCVMBOUFT TF BCSFO QBTP DPNP QVFEFO QSFHPOBOEP TVT NFSDBOD½BT Z BMHVOPT NÈ TJDPT UPDBO DPO TVT MBÈEFT VOB S²QJEB NFMPE½B BDPNQBÁBEB EFM SJUNP EF MPT UBNCPSFT

. T WJTJUBOUFT FTUF B®P i&TUF BÁP IBZ NVDIB HFOUF N²T RVF FM BÁP QB TBEP -B HFOUF WJFOF B EJTGSVUBS EFM BNCJFOUF EF "M )VTF½O Z B UPNBS FM ATVIVS MB ÈMUJNB DPNJEB BO UFT EF RVF TBMHB FM 4PM TPCSF UPEP QFSP UBNCJ¹O FM AJGUBS w EJDF .PIBNFE DBNBSFSP FO VOP EF MPT FT UBCMFDJNJFOUPT EF MB QMB[B RVF MMFWB FM NJTNP OPN CSF RVF MB NF[RVJUB 0USP EF MPT QVOUPT N²T GSFDVFOUBEPT FT FM QVFOUF EF 2BTS BM /JM EPOEF TF QVFEF EJTGSVUBS EF MB CSJTB Z EF MBT WJTUBT EFM 3½P /JMP QPS EPOEF OBWF HBO CBSDPT JMVNJOBEPT Z DPO NÈTJDB FMFWBEB RVF PGSFDFO QBTFPT OPDUVSOPT QPS VOBT QPDBT MJCSBT FHJQDJBT )BZ RVJFO FMJHF QBTFBS FO DBSSP[BT UJSBEBT QPS DBCBMMPT P FO NPUPDJDMFUB Z UPEPT BQSPWFDIBO MB PDBTJÂO QBSB TBDBSTF GPUPT DPO BNJHPT Z QBSJFOUFT 6OP EF MPT KÂWFOFT EF OPNCSF "MJ QBTFB DPO TV GBNJMJB Z BTFHVSB RVF TJFNQSF BDVEFO B FTUF QVFOUF FO WFSBOP QFSP iFO SBNBE²O N²Tw QPSRVF MBT OPDIFT TF BMBSHBO IBTUB FM BNBOFDFS JODMVTP QB

Õ> Ê*> >À

, "Ê Ê1 ÊÊ -* / ", "UNPTG¹SJDBT 5SBOTDVSSFO MPT E½BT RVF TJHVFO BM EFM QSPWFS CJBM JOBVHVSBEPS EF MBT BHVBT 4BO "OUPOJP : FM DJFMP TBMWP JOUFSNJUFOUFT BJSPOB[PT TF NVFTUSB JODMFNFOUF -PT DBMPSFT EF KVOJP BKFOPT QPS MP UBOUP B MB BOVBM BUFNQFSBDJÂO EF TVT SJHPSFT DBNQFBO QPS TVT SFTQFUPT &O FM JOGJOJUP KVFHP EF MB HFPNFUS½B EFTDSJQUJWB VOJWFSTBM TVDFEF FM TPMTUJDJP Z FM E½B N²T MBSHP EFTQMJFHB TV DPNCB TPCSF MB DJVEBE TPGPDBEB 6OB DIVQBSSPTB SFDPSSF NJOVDJPTBNFOUF KBSEJOFT Z UFSSB[BT CVT DBOEP MB FYQMJDBDJÂO EF MB JOFTQFSBEB TFRV½B &NJUF TV QBSUJ DVMBS SFDMBNP VO TVUJM TPOJEP RVF FT B MB WF[ DPOWPDBUPSJB F JONJOFODJB -PT HSJMMPT ZB FO MB OPDIF BDFMFSBO TV UFNQP Z TF BHVBSEBO B USBW¹T EF TV IJTUPSJB JONFNPSJBM UPEP MP IBO WJTUP &M KBSEJOFSP IBDF BDPQJP BRV½ Z BMM² EF CVFOB UJFSSB EFT UJOBEB B QVOUVBMFT NFKPSBT UJFOF DMBSP TV QSPHSBNB FTUJWBM .BQBT Z QMBOPT {%F EÂOEF QVFT FTUB UFNQSBOB CÈTRVF EB EF EPT OJÁPT QPS QPTFFS FTBT SFQSFTFOUBDJPOFT EFM QB½T Z EF MB DJVEBE RVF MFT PUPSHBO VO JOHFOVP Z QBUFOUF EPNJOJP TPCSF MB IFSFEBE EF UPEPT 4PCSF TVT NVSPT OVUSJDJPT F JOP DFOUFT IBO EFTQMFHBEP QSFWJPT SFDMBNPT FNQFÁPTPT MBT JN²HFOFT JEFBMFT Z BCTUSBDUBT EF MB HFPHSBG½B QBUSJB EF MB VS CF EFTCPSEBEB "TQJSBDJPOFT B MB DPNQSFOTJÂO Z MB T½OUFTJT BM HSBEVBM F JNQFSDFQUJCMF BDFSDBNJFOUP DPO UPQPHSBG½BT TJF SSBT Z S½PT DPTUBT Z QVFSUPT JOOÈNFSBT QPCMBDJPOFT OPN

SB MPT OJÁPT Z QBSB BRVFMMPT RVF BM E½B TJHVJFOUF UJF OFO RVF USBCBKBS -BT OPDIFT EF SBNBE²O TPO NVZ MBSHBT Z UBN CJ¹O PGSFDFO VOB BNQMJB BHFOEB DVMUVSBM DPO DPO DJFSUPT Z FTQFDU²DVMPT EF UPEPT MPT H¹OFSPT FO MPT EJGFSFOUFT DFOUSPT EF PDJP EF &M $BJSP Z UBNCJ¹O FO FTQBDJPT BM BJSF MJCSF DPNP FM QBSRVF EF "M "[IBS P FM (SFFL $BNQVT &TUF BÁP NJMFT EF KÂWFOFT TF SFVOJFSPO FO FTF QBSRVF TJUVBEP TPCSF VOB DPMJOB RVF BTPNB TPCSF MB [POB IJTUÂSJDB QBSB BTJTUJS B MB i'ºUF EF MB NVTJ RVF w PSHBOJ[BEB QPS FM *OTUJUVUP 'SBOD¹T FO &HJQUP BT½ DPNP QBSB PUSPT DPODJFSUPT EF BSUJTUBT ²SBCFT EF UPEB MB SFHJÂO BEFN²T EF FHJQDJPT 1BSB QBTBS MBT IPSBT FOUSF FM iJGUBSw Z FM iTVIVSw MPT MPDBMFT FTUBCMFDFO DBSQBT P KBJNBT EPOEF TJSWFO FTUBT DPNJEBT U½QJDBT B QSFDJPT RVF WBS½BO NVDIP TFHÈO FM CBSSJP EF MB DJVEBE Z FM SFT UBVSBOUF 5SBT FM BUSBDÂO MPT FHJQDJPT TVFMFO BMBSHBS MB TPCSFNFTB CFCJFOEP U¹ Z DBG¹ BEFN²T EF GVNBS VOB QJQB EF BHVB P KVHBS BM iUBVMBw CBDLHBNNPO Z DIBSMBS .JFOUSBT MPT N²T DBTFSPT MMFOBO TVT OPDIFT WJFOEP MBT GBNPTBT UFMFOPWFMBT EF SBNBE²O TFSJFT EF UFMFWJTJÂO RVF EVSBO MPT E½BT EFM NFT Z DVM NJOB IPZ Z RVF FOUSFUJFOFO B NJMMPOFT EF QFSTP OBT EVSBOUF FM BZVOP Z MBT QFTBEBT EJHFTUJPOFT

CSFT FOUSBÁBCMFT Z UBOUBT WFDFT JHOPUPT DBNJOPT EFTJFSUPT BÈO QSPGVOEPT MBHVOBT FTUFSPTyZ MFDDJPOFT P FOJHNBT EF MBT QMB[BT JOJDJBMFT EFM EJ²GBOP USB[BEP VSCBOP RVF TF GVF USBOTGPSNBOEP FNCSPMMBOEP EFWPSBOEP MMBOPT Z CBSSBODBT FOUSFHBOEP CBSSJPT Z SVNCPT RVF NJTUFSJPTBNFOUF EFTFN CPDBSPO B USBW¹T EFM B[BS Z FM D²MDVMP FO FTUB DJVEBE RVF MFT EB BIPSB SB[ÂO Z BTJFOUP %FTEF FTF MVHBS QSFDJTP VCJDBEP DPO UPEP DVJEBEP FO FTUBT DBSUPHSBG½BT EF TVFÁPT F JNBHJOB DJPOFT FO FTF DVBSUP DMBSP EFTEF DVZP WFOUBOBM DPOTJEFSBO FM BNQMJP DJFMP EFM NVOEP EPT OJÁPT FTUBCMFDFO BT½ TJO NVZ CJFO TBCFSMP BÈO TV WBTUB FTUSBUFHJB SVNCP BM GVUVSP $PNP VOB NPOFEB RVF SVFEB VOB DJFSUB DBODJÂO FNFS HF FOUSF FM UVSCVMFOUP EJTDVSSJS EF MPT E½BT $POGVOEJEB EF FOUSBEB EFOUSP EFM JOGPSNF SVNPS EF MB DJVEBE FO NBSDIB EFOUSP EFM SFNPMJOP GVHB[ EF MBT UPOBEBT EFTFDIBCMFT Z RVF TFS²O JSSFNFEJBCMF QBTUP EFM PMWJEP WB BGJSNBOEP TV FTUBN QB DPOUSB FM TBCJP SBTHVFP EF VOB HVJUBSSB &M P½EP TF EFTQJFS UB Z FTF KJSÂO EF OPUBT UPNB HSBEVBMNFOUF TFOUJEP BERVJFSF TV QPEFS½P 3FTVMUB BIPSB RVF EFOUSP EF MB JOÈUJM Z GBSSBHP TB NPSSBMMB BVEJUJWB RVF JOVOEB MPT E½BT SFMVNCSB VOB NF EBMMB DPO TV KVTUP WBMPS &T VOB DBODJÂO RVF QPS FM FOJHN² UJDP DBNJOP EF MBT NÈTJDBT RVF IBO TJEP BUSBQB DPNQMFUP FM FTQ½SJUV EF FTUPT UJFNQPT 'S²HJMFT OPUBT VOB WP[ EF NVKFS WFSTPT RVF BMHP EJDFO TPCSF FM PMWJEP Z MP RVF WB RVFEBOEP 1BSB FGFDUPT JONFEJBUPT MB UPOBEB WVFMWF BM QBUJP EFTEF EPO EF TF BM[B VO ÈOJDP QBUJP TV DJFMP TFS² ZB QPS TJFNQSF JOEF MFCMF Z FM BHVB EF MB QJMB EFTUFMMB DPO FM GVFHP EF MP RVF IB CS² EF QFSEVSBS $POUJOVBDJÂO FO JOGPSNBEPS DPN NY


%PNJOHP EF KVOJP EF

"-Ê " ", -Ê Ê/ *" À > ` Ê â? iâÊ ÃV Ì

·,iÛ V>V Ê`iÊ > `>Ì ¶ %FTF IBDF ZB WBSJPT TFYFOJPT MB SFWPDBDJÂO EF B MB QBUSJB EF UBMFT BNFOB[BT OPT SFDFUBO PUSB TF NBOEBUP IB SFWPMPUFBEP TPCSF MB EFNPDSBDJB NF SJF EF DPNFSDJBMFT WFIFNFOUFT EJSFDUPT iWFSEV YJDBOB FTQBOUBEB VOB Z PUSB WF[ QPS MPT QPM½UJDPT MBSJPTw Z TPCSF UPEP D½OJDPT QPSRVF B GJO EF DVFO EF MPT USFT OJWFMFT EF HPCJFSOP Z RVF BIPSB TF BTP UBT EFOVODJBO MP NJTNP RVF FMMPT IBDFO FT NB EF OVFWP BOUF MPT OVFWPT QSPDFTPT FMFDUPSBMFT QTJDPMÂHJDP QVFT : NJFOUSBT ¹TUPT TF QFMFBO FO MPT NFEJPT Z :B OP TBCFNPT RV¹ UBO QSÂYJNBT FTU¹O MBT FMFDDJPOFT GFEFSBMFT QVFT QBSB MPT QBSUJEPT FO MBT SFEFT PUSPT GVODJPOBSJPT BOEBO DPO FM CSF OVODB FTU²O MFKPT EF TVZP UPEP FM UJFNQP FTU²O UF EF IBDFSTF FWBMVBS QPS MB DJVEBEBO½B DPO UBM IP FO DBNQBÁB QPSRVF MPT NÈMUJQMFT iKVFHPT EF MB OFTUJEBE Z SJHPS RVF QSPNFUFO EFKBS FM DBSHP TJ TJMMBw RVF FO FTPT BNCJFOUFT TF FTUJMBO TPO QFS TBMFO SFQSPCBEPT /P OPT IBHBNPT JMVTJPOFT OP FTUBNPT FO *O NBOFOUFT HMBUFSSB EPOEF MB WPMVOUBE QPQVMBS %F BDVFSEP B MB MFZ MF IBHBO P TBDÂ BM QB½T EF MB 6OJÂO &VSPQFB F OP DBTP FT IBTUB FM EF OPWJFNCSF IJ[P SFOVODJBS B TV QSJNFS NJOJTUSP EFM QSFTFOUF BÁP RVF MPT QSFDBOEJ 9Ê i ÌÀ>ÃÊjÃÌ ÃÊÃiÊ "D² UPEBW½B FTUBNPT FO MB /VFWB EBUPT ZB DPOGJSNBEPT DPNP UBMFT QP ES²O FOUSBS FO QSFDBNQBÁB JOUFSOB «i i> Êi Ê ÃÊ i` ÃÊÞÊ &TQBÁB TJ OP FT RVF BOUFT FO MB FSB NJTNB RVF DPODMVZF FM EF FOFSP i Ê >ÃÊÀi`iÃ]Ê ÌÀ ÃÊ GFMJ[ EF MPT DBDJDB[HPT Z MPT UMBUPB OJT BCTPMVUPT " QBSUJS EF FOUPODFT TF EFGJOFO MPT 1FSP CVFOP RVF WFOHB MB FWB DBOEJEBUPT GJOBMFT DVZB DBNQBÁB vÕ V >À ÃÊ> `> ÊV Ê MVBDJÂO DJVEBEBOB QFSP RVF TF IB JOJDJB FM EF NBS[P Z EVSBS² OPWFO i ÊLÀiÌiÊ`iÊ >ViÀÃiÊ HB TPCSF VO TPMP QVOUP FM RVF FT DSV UB B[BSPTPT E½BT iÛ> Õ>ÀÊ« ÀÊ >Ê DJBM Z FYQMJDB Z EB SB[ÂO EF MB 1FSP EFTEF MVFHP RVF NVDIP FYJTUFODJB EFM HPCJFSOP MB TFHVSJ BOUFT EF EJDIBT GFDIBT MPT WFOUBSSP V Õ`>`> >°°° EBE T½ MB GVODJÂO QSJNPSEJBM EF UP OFT EFM QBSUJEJTNP BOEBO EFTBUBEPT EP FTUBEP HBSBOUJ[BS MB WJEB Z MPT CBKP MB DPOTJHOB EF UPEPT DPOUSB CJFOFT EF MB DJVEBEBO½B Z RVF FTF VOP FO TV QSJNFS BDUP &M FOFNJHP B WFODFS EFTBDSFEJUBS DPOGSPOUBS SJEJDVMJ[BS Z SF E½B DBMJGJRVFO B MPT BMDBMEFT Z EF QBTP BM TFÁPS HP DSJNJOBSMF TV QBTBEP QSFTFOUF Z IBTUB TV GVUVSP CFSOBEPS UPEBT MBT QFSTPOBT RVF IBO TVGSJEP SP TJ MMFHBSB B HBOBS FT CBTUBOUF CJFO DPOPDJEP QPS CPT FO MB W½B QÈCMJDB FO TVT DBTBT FO TVT UBMMFSFT RVF UJFOF BÁPT EF FTUBS FO DBNQBÁB QFSNBOFOUF FTDVFMBT Z DPNFSDJPT RVF WBZBO UPEPT MPT RVF VO U¹SNJOP RVF FTDBQB B MB MFHJTMBDJÂO BDUVBM IBO QFSEJEP B VO GBNJMJBS B DBVTB EF MB EFMJODVFO $BNQBÁB RVF IB UFOJEP EF UPEP IBTUB FM TJNVMB DJB PSHBOJ[BEB P EFTPSHBOJ[BEB MPT RVF IBO TJ DSP TVSSFBMJTUB EF VOB BVUPQSPDMBNBDJÂO DPNP EP BNFOB[BEPT EF WFS BSEFS TV OFHPDJP TJ OP QB QSFTJEFOUF MFH½UJNP QVCMJDBDJÂO Z QSFTFOUBDJÂO HBO QMB[B RVF NBOJGJFTUFO TV TFOUJS MPT EF MJCSPT HJSBT OBDJPOBMFT DPOTUBOUFT Z DPNFS IBCJUBOUFT EF MPT QVFCMPT EF +BMJTDP UPEP FM UJFN DJBMFT QSPUBHPOJ[BEPT QPS FM TVTPEJDIP DPO WBSJF QP TPNFUJEPT QPS D²SUFMFT EF UPEP UJQP FTF T½ RVF TFS½B VO BDUP DJWJM EF MB N²T QVSB EFNPDSBDJB EBE EF WFTUVBSJPT FTDFOBSJPT Z MFOHVBKFT : DPNPRVJFSB RVF MPT QBSUJEPT PQPOFOUFT TF BSNBOEP HPO!VOJWB NY UPNBO NVZ FO TFSJP TV QBQFM EF TFHVJS TBMWBOEP

6 - $ ÊÊ 9Ê - $

>À ÃÊ ÀÌjÃÊ6?âµÕiâ /VODB TF DPSSPNQF BM DJVEBEBOP QFSP FWFOUVBM NFOUF TF MF FOHBÁB Z FT DVBOEP BQBSFDF MB NBMEBE $VBOEP FYJTUF TVGJDJFOUF JOGPSNBDJÂO TF EFMJCFSB EBOEP MVHBS B MBT JOUSJHBT RVF BMFKBO MB WFSEBE Z DP SSPNQFO MPT QSJODJQJPT TPDJBMFT -B DPOGVTJÂO QSF WBMFDF IPZ CBKP BDVTBDJPOFT EF FTQJPOBKF RVF WVM OFSBO MB MJCFSUBE EF FYQSFTJÂO DPNP QBSUF TVTUBODJBM EF MPT EFSFDIPT IVNBOPT %FQFOEF UPEP EF MB DJSDVOTUBODJB Z PQDJÂO DPO RVF TF NJSFO DBVTBT FGFDUPT Z DPOTFDVFODJBT &M FKFNQMP FWJEFOUF SFTJEF FO FM QFUSÂMFP DVZB OBUV SBMF[B PSJHJOBM HFOFSB QSPQJFEBE DPNP MP GVFSPO MPT QSPEVDUPT NJOFSPT Z MB UJFSSB DPO EFSFDIP EF QB UFSOJEBE FTUBCMFDJFOEP SVUB EF MJCFSUBE -BT EFDMB SBDJPOFT UJFOFO BTFOUBNJFOUP FO MB WPMVOUBE EF MB QPCMBDJÂO FYQSFTBEB FO FM WPUP IBDJB RVJFO DPOTJ EFSF JEÂOFP QPSUBEPS EF TV DPOGJBO[B DPO MB DBQB DJEBE EF GPSNVMBS FM CJFO DPNÈO CBKP VO S¹HJNFO EF IPOFTUJEBE DBQBDJEBE Z USBOTQBSFODJB &O FM DPOUFYUP EF FRVJEBE RVF OP QSFDJTB NFOUF FOBKFOB MB JHVBMEBE FT MB QSPDVSBDJÂO EF KVTUJDJB EFCFS EF MB BVUPSJEBE DPO FM DVNQMJNJFO UP FTUSJDUP EF MPT QSFDFQUPT NBSDBEPT QPS MB -FZ QBSB JNQFEJS FM JNQFSJP EF MB DPSSVQDJÂO FO FM JO USJODBEP NVOEP EF MB DPNQMJDJEBE BUSB½EB QPS MB SJRVF[B QFUSPMFSB DVZB QSPEVDUJWJEBE FT DVBOUJGJ DBEB FO NJMFT EF NJMMPOFT EF QFTPT P EÂMBSFT NF TFT TFYFOJPT P EFDFOJPT -BT DJGSBT FO MPT BDPOUF DFSFT QSFWBMFDFO FO MB NFOUBMJEBE EF MB QPCMBDJÂO Z FO MBT DVBOUJPTBT DJGSBT MBWBEBT FO PTUFOUPTBT DPOTUSVDDJPOFT FO FM NFKPS EF MPT DBTPT DV²OEP OP FM FYUSBOKFSP CBKP SVCSPT EF DVFOUBT DJGSBEBT Z BDDFTP SFTUSJOHJEP $BEB MBQTP FMFDUPSBM OBDJPOBM P FTUBUBM TFYF

9 ,ÊÊ

" >À ÃÊ À }Õi $PO NPUJWP EF VO BSU½DVMP EFM /FX :PSL 5J NFT RVF BDVTÂ BM HPCJFSOP OBDJPOBM EF FTQJBS B QFSJPEJTUBT Z BDUJWJTUBT MP RVF ZP OP EVEP EF OVFTUSP HPCJFSOP OJ EF OJOHÈO HPCJFSOP EFM NVOEP Z DPNP FSB EF FTQFSBSTF EFTEF MVF HP RVF FM TVQVFTUP FTQ½B MP OJFHB NJSBOEP B MPT PKPT Z IBZ RVF EFDJSMP RVF FO DPSSFTQPO EFODJB RVF QBSB MB JONFOTB NBZPS½B EF MPT TV QVFTUPT FTQJBEPT TV QMVNB EF WPNJUBS FT FM QSJNFS NBOEBUBSJP Z TJ FT DJFSUP MP EFM FTQJP OBKF QFPS QFSP QBSB BCPSSFDFSMP OP OFDFTJUBO FYDVTBT BEJDJPOBMFT TF TVQPOF RVF TF IB BCJFSUP VOB DBSQFUB EF JOWFTUJHBDJÂO Z PKBM² TF MMFHVF B MB WFSEBE Z TJ BMHVJFO EFMJORVJÂ TFB TBODJPOBEP DPOGPSNF B MB MFZ Z RVF KBN²T WVFMWB B SFQFUJSTF &M FTQJPOBKF FT DVBOEP NFOPT SFQVHOBOUF QFSP JOGMVZF NVDIP RVJ¹O FT FM RVF MP IBDF BT½ NVDIPT QFSJPEJTUBT RVF IPZ TFS½BO TVQVFTUBT WJDUJNBT IBO VTBEP FO BMHVOBT EF TVT OPUBT FT UFMBSFT HSBCBDJPOFT Z NBUFSJBMFT PCUFOJEPT QPS NFEJP EF FTQJPOBKFT P EF BDUPT JMFHBMFT QFSP DP NP FMMPT TPO UBO CVFOPT QVFT FT FM EFSFDIP EFM QÈCMJDP B TBCFS MB WFSEBE Z ZP DSFP RVF UBNCJ¹O FTU² NBM IFDIP MB HSBO EJGFSFODJB FT RVF B ¹T UPT OP MFT QBHBNPT Z BM HPCJFSOP TJ Z FTP FT N²T HSBWF /P DPOP[DP FM HSBEP EF DPOPDJNJFOUP UFDOPMÂHJDP EF OVFTUSP QSJNFS NBOEBUBSJP SFT QFDUP EF FTUPT TJTUFNBT QFSP FM TFÁPS QSFTJEFO UF OP OFDFTJUB EFDJS OBEB TJ BMHÈO CBSCFSP EF TV FOUPSOP DSFF RVF B TV KFGF QPES½B HVTUBSMF RVF MF DBMMFSB DPNFK¹O FO MB FTQBMEB B BMHVJFO QBSB PSEFOBS WJHJMBS B RVJFO DSFBO NPMFTUB BM

1~(*/" #

&- */'03."%03

/ ` ÊiÃÊÛiÀ`>`Ê Ê i Ì À> OBM P USJFOBM SFOVFWB MB PQPSUVOJEBE EF SFGSFOEBS P SFNFOEBS MBT PNJTJPOFT Z FSSPSFT DPNFUJEPT RVFEBOEP SFHVMBSNFOUF FO FTQFDUBDVMBSFT FY QSFTJPOFT EF FONJFOEB BOUFT EF FTUBCMFDFS DBTUJ HP Z NFOPT BÈO SFDVQFSBDJÂO EF CJFOFT TVTUSB½EPT DPO DBSHP GJOBM BM FSBSJP 7FNPT BT½ FM US²OTJUP EF QPEFS TPCFSBOP F JOWJPMBCMF EFM NBMIFDIPS BUB DBOEP EFM EFSFDIP TPDJBM DPSSFTQPOEJFOUF B VO CVFO HPCJFSOP -B MFHJUJNJEBE SFTJEF FO MB EFNPDSBDJB FY QVFTUB FO MBT VSOBT EF EPOEF QBSUF MB DVBOU½B NB ZPSJUBSJB QBSB FM FKFSDJDJP EF VOB BVUPSJEBE NVOJ DJQBM DVSVM MFHJTMBUJWB HVCFSOBUVSB Z MB QSPQJB QSFTJEFODJB EF MB 3FQÈCMJDB MB DVBOUJGJDBDJÂO UJF OF BIPSB FM FKFSDJDJP EF UFDOPMPH½B EPOEF ZB OP FT W²MJEP BRVFMMP EF MB iDB½EB EFM TJTUFNBw : TPO MPT KÂWFOFT FO RVJFOFT SFTJEF MB EFTUSF[B QBSB MB TV QFSWJTJÂO Z DPOTUSVDDJÂO EF DPOUSPM DFSUFSP TPCSF MPT SFTVMUBEPT QPSUBEPSFT EFM EFSFDIP QFSP UBN CJ¹O MB PCMJHBDJÂO EF DVNQMJS DPO FM QBDUP FTUBCMF DJEP FO MB USJCVOB FMFDUSÂOJDB EFTEF EPOEF TF EFT QSFOEFO MBT PGFSUBT Z DPO FMMBT FM DPNQSPNJTP EF IBDFS SFOEJS MPT SFDVSTPT QBSB SFBMJ[BS MBT CBTFT EF TVTUFOUP RVF JNQMJDB MB DPNQFUJUJWJEBE SFDUPSB DPO JOUFMJHFODJB EF RVJFO TF QSPNVFWB FO BMHVOB FTDBMB EF MB QPM½UJDB "DFDIBO MBT BNFOB[BT BMFOUBEBT QPS MB EJWJ TJÂO FO MPT TFDUPSFT JOUFSOPT Z FYUFSOPT FO MBT QP UFODJBT BDFSDBOEP DSJTJT RVF QPES½B EFSJWBS FO WJP MFODJB IBNCSVOB Z TFEJDJÂO EPOEF FM EFSSJCP EF MBT FTUSVDUVSBT JODMVZB MBT FTUSVDUVSBT EFM &TUBEP %JPT OPT HVBSEF EF MB EJTDPSEJB TJDQN!JOGPSNBEPS DPN NY

º-«ÞÊÛÃÊë޻ KFGF MP IBDF 1FSP FTUF DPNFOUBSJP OP FT MP RVF NF JOUFSFTB Z EFKFNPT RVF MP BOBMJDFO MBT HSBO EFT GJSNBT -P RVF T½ NF JOUFSFTB FT RVF FM IFDIP FT QSPGVOEBNFOUF EJTDSJNJOBUPSJP ZB RVF IBZ QF SJPEJTUBT RVF QPS TV JNQPSUBODJB WBMPS Z PUSBT DVBMJEBEFT TPO WJHJMBEPT Z PUSPT B MPT RVF OBEJF MPT QFMB Z FTP OP QVFEF TFS KVTUP BM DSFBS EJGF SFOUFT DBTUBT EF QFSJPEJTUBT MPT CVFOPT EFGFO TPSFT EF MBT HSBOEFT DBVTBT QBMBEJOFT EF MB EF NPDSBDJB Z MPT PUSPT MPT RVF OP NFSFDFO TFS WJHJMBEPT 4JO FM NFOPS ¹YJUP NF IF QFSNJUJEP SFDP NFOEBS B NJT BNJHPT QFSJPEJTUBT RVF MPT IBZBO WJHJMBEP P OP FMMPT QPS QVSB QSFTVODJÂO EF FT UBUVT EJHBO RVF TJ IBO TJEP FTQJBEPT TJ FT QPTJ CMF RVF DVFOUFO DÂNP GVF MB WJHJMBODJB P MPT BD UPT EF NPMFTUJB EF UBM NBOFSB RVF DPNP UFNB EF QM²UJDB TF EJHB MP RVF TF DVFOUB EF MBT DIJDBT EF BMHVOPT QVFCMPT DVBOEP EFD½BO ZP ZB Z {UÈ &M IPSSPS QVFEF DPOWFSUJSTF FO VOB TFÁBM EF DMBTF Z OJWFM TPDJBM 3FDVFSEP IBDF NVDIPT BÁPT DVBOEP TVDFE½BO TFDVFTUSPT IBTUB MJTUBT EF TFDVFTUSBCMFT MMFHBSPO B QVCMJDBSTF FO MPT EJBSJPT OBDJPOBMFT Z BT½ MMFH B TFS EF DJFSUB DBUFHPS½B RVF MFT IBCMBSBO B MPT SJDPT QBSB BE WFSUJSMFT Z BNFOB[BSMFT FO VOB SFVOJÂO TPDJBM TF DPNFOUBCB QPS MBT TFÁPSBT EF MPT NBHOBUFT B RVJ¹OFT MFT IBC½BO IBCMBEP RV¹ MFT IBC½BO EJ DIP 6OB TFÁPSB DPQFUVEB EF FTUB QMB[B DPNFO U USJTUFNFOUF B OPTPUSPT OP OPT IBO IBCMBEP !DBSMPTNPSTB

Ê /1, -Ê6 , >À >Ê*> >À

Õ>`> > >À>]ÊÓxÊ`iÊ Õ Ê`iÊ£ÇÈÇ "DPTUVNCSBEPT EFTEF NVZ BOUJHVP B MB BSCJ F JOUFSWJOJFSPO BMHVOBT DJSDVOTUBODJBT QBS USBSJFEBE EFM QPEFS MPT UBQBU½PT IBO QBEFDJ UJDVMBSFT &O (VBEBMBKBSB VOB EF MBT DJVEB EP Z TJHVFO QBEFDJFOEP HFOFSBDJÂO USBT HF EFT N²T BNBOUFT EF MPT KFTVJUBT MVFHP RVF OFSBDJÂO MPT DBQSJDIPT EF UPEPT UBNBÁPT EF FO FM BQPTFOUP EFM 3FDUPS TF MFZ FM SFBM EF MPT HPCJFSOPT FO UVSOP 'SBODJTDP +BWJFS $MB DSFUP TF JOUJN B MPT 1BESFT MB PSEFO EF OP WJHFSP SFMBUB MP PDVSSJEP FO VOP EF MPT E½BT IBCMBS VOB QBMBCSB OJ FOUSF T½ OJ DPO MPT EF N²T BDJBHPT EF MB IJTUPSJB EF (VBEBMBKBSB Z GVFSB Z EF OP NPWFSTF EF MPT BTJFOUPT RVF TF EFM QB½T FOUFSP FM KVFWFT EF KVOJP EF MFT IBC½B TFÁBMBEP : FO FTUF TJMFODJP F JONP &O VO UFYUP GFDIBEP FO #PMPOJB DBTJ WJMJEBE TF NBOUVWJFSPO QPS FTQBDJP EF EJFDJ EPT BÁPT N²T UBSEF $MBWJHFSP FTDSJCF MB OVFWF IPSBT IBTUB RVF VOB IPSB BOUFT EF MB DSVFM IJTUPSJB EF MB FYQVMTJÂO EF MPT DFSDB EF NFEJBOPDIF MPT DPOEVKFSPO DPO NVDIPT TPM KFTVJUBT RVF $BSMPT *** BSSBO EBEPT B VOB QJF[B DPNÈO FO EPO D EF MB /VFWB &TQBÁB DPO EBÁP EF MPT HVBSEBSPO BRVFMMB OPDIF JSSFQBSBCMF UBOUP QBSB MBT QFSTP CBKP EF MMBWF Z HVBSEJBT EPCMFT OBT DPNP QBSB FM SFJOP NJTNP ÊÕ ÊÌiÝÌ ÊviV >` Êi Ê &O FM UJFNQP FO RVF FTUVWJFSPO FO FM BQPTFOUP EFM 3FDUPS BVO QBSB >ÊV>à Ê` ÃÊ> ÃÊ MBT OFDFTJEBEFT OBUVSBMFT MFT QP

?ÃÊÌ>À`i]IÊ >Û }iÀ Ê O½BO HVBSEJB EF WJTUB OJ QFSNJUJ i&TUPT TVTUPT FO RVF WJW½BNPT FM DPNJTBSJP RVF WPMWJFTFO B TVT OPTPUSPT Z OVFTUSPT BGFDUPT TF iÃVÀ LiÊ >ÊVÀÕi Ê ÃÌ À >Ê BQPTFOUPT B BDBCBSTF EF WFTUJS MPT BHSBWBSPO FM NFT EF KVOJP EFM BÁP `iÊ >ÊiÝ«Õ Ã Ê`iÊ ÃÊ RVF QPS MB QSJTB RVF MFT EJFSPO EF DVBOEP WJNPT MFWBS OVFWBT GVFSPO NFEJP EFTOVEPT B P½S FM SF USPQBT FO WBSJBT DJVEBEFT EFM SFJ ViÀV>Ê`iÊÇääÊ iÃÕ Ì>ð°° BM EFDSFUP &M E½B TJHVJFOUF EFT OP Z TBMJS EF .¹YJDP QBSB FMMBT WB QV¹T EF IBCFS DPOTFHVJEP B DPTUB SJPT PGJDJBMFT DPO QMJFHP DFSSBEP Z EF NVDIP USBCBKP RVF TF MFT QFS PSEFO EF OP BCSJSMP IBTUB FM E½B NJUJFTF MMFWBS VO QPDP EF SPQB DP QPS MB NBÁBOB IPSBT BOUFT EF MB FKFDVDJÂO w NP IPSB Z NFEJB P EPT IPSBT BOUFT EFM NF EJPE½B MPT TBDBSPO QPS MBT DBMMFT QÈCMJDBT EF

MB DJVEBE DPO HSBOEF BQBSBUP EF UFSSPS QBSB QPOFSMPT FO FM DBNJOP EFM QVFSUP -B QMFCF i&M E½B EFM EJDIP NFT EF KVOJP DVBOEP BUSPQBEB FO MBT CPDBDBMMFT EBCB RVFKBT DMB DPNFO[BCB FM DSFQÈTDVMP EF MB NBÁBOB IJ[P NPSPTBT BM DJFMP NJFOUSBT MB HFOUF QSJODJQBM FM 7JTJUBEPS MMBNBS B MB QVFSUB EF OVFTUSP $P EF MB DJVEBE FODFSSBEB FO TVT DBTBT QPS OP MFHJP .²YJNP EF 4BO 1FESP Z 4BO 1BCMP Z <y> TFS UFTUJHPT EF UBO MBTUJNPTP FTQFDU²DVMP TF FOUSÂ DPO VOPT IPNCSFT EF USPQB w BCBOEPOBCB BM MMBOUP w

&TUF UFYUP JO¹EJUP GVF USBOTDSJUP QPS "S UVSP 3FZOPTP 4+ EFM PSJHJOBM NBOVTDSJUP i&M NJTNP E½B EF KVOJP Z DBTJ B MB NJT %F(PMZFS -JCSBSZ .BOVTDSJQU $PMMFDUJPO Z NB IPSB RVF FO .¹YJDP TF FGFDUVÂ FM BSSFTUP QVCMJDBEP FO "SUFT EF .¹YJDP -PT KFTVJUBT Z FO DBTJ UPEPT MPT DPMFHJPT EF MB 1SPWJODJB QF MB DPOTUSVDDJÂO EF MB OBDJÂO NFYJDBOB SP FO BMHVOPT GVF N²T SJHVSPTB MB FKFDVDJÂO EJDJFNCSF EF


1~(*/" #

&- */'03."%03 &- */'03."%03

%PNJOHP EF KVOJP EF

&/3*26& 50644"*/5 "/"-*45" 10-¶5*$0

"/«-*4*4

*-6453"$*»/ t + -»1&;

-B $BODJMMFS¤B NFYJDBOB OP EFCFS¤B TFS VUJMJ[BEB DPO PCKFUJWPT QPM¤UJDPT JOUFSOPT

-

B EJQMPNBDJB NFYJDBOB FT VOB EF MBT QPDBT JOTUJUVDJPOFT QÈCMJ DBT RVF HP[BSPO EF BMU½TJNB DSF EJCJMJEBE -B QPM½UJDB FYUFSJPS GVF NPUJWP EF PSHVMMP FO DPOUFY UPT DPNP MB SFDFQDJÂO EF FYJMJBEPT FTQBÁPMFT MVFHP EF MB (VFSSB $JWJM MB DPOEFOB EFM CMPRVF FDPOÂNJDP EF &TUBEPT 6OJEPT B $VCB P TV QB QFM EF NFEJBEPS FO MPT DPOGMJDUPT JOUFSOPT FO QB½ TFT DFOUSPBNFSJDBOPT .²T BMM² EF MB %PDUSJOB &TUSBEB JEFB SFDUPSB EF MB QPM½UJDB FYUFSJPS FO FM .¹YJDP QPTSFWPMVDJPOBSJP Q²SSBGP EFM BSU½ DVMP EF MB $POTUJUVDJÂO RVF FO BMHÈO NP NFOUP TJSWJÂ DPNP NFDBOJTNP EF QSPUFDDJÂO EFM S¹HJNFO BVUPSJUBSJP MB EJQMPNBDJB NFYJDBOB GVF TJOÂOJNP EF QSFTUJHJP EVSBOUF E¹DBEBT -B EPDUSJOB EF QPM½UJDB FYUFSJPS DBNCJÂ EFT EF 7JDFOUF 'PY -B EFTJHOBDJÂO EF +PSHF $BTUB ÁFEB DPNP DBODJMMFS USBTUPDÂ MPT DJNJFOUPT EF MP RVF IBC½B TJHOJGJDBEP MB QPM½UJDB JOUFSOBDJPOBM $BTUBÁFEB BEPQUÂ MB WJTJÂO MJCFSBM EF EFGFOTB EF MB EFNPDSBDJB MPT EFSFDIPT IVNBOPT Z VOB EF TFONBTDBSBEB QSPQFOTJÂO B QSJWJMFHJBS MB SFMB DJÂO DPO MPT &TUBEPT 6OJEPT : FO MBT GPSNBT GVOEBNFOUBMFT FO FM NVOEP EJQMPN²UJDP QBTB NPT EF VOB $BODJMMFS½B DBVUFMPTB Z SFTQFUVPTB EF MB TPCFSBO½B EF MPT EJTUJOUPT QB½TFT B VO QB QFM BDUJWP EFOVODJBEPS F IJTUSJÂOJDP &M iDPNFT Z UF WBTw EF 'PY B 'JEFM $BTUSP P MPT EJNFT Z EJ SFUFT DPO )VHP $I²WF[ IVCJFSBO TJEP JNQFOTB CMFT CBKP FM QBSBHVBT EF MB EPDUSJOB IJTUÂSJDB EF MB EJQMPNBDJB NFYJDBOB -B EPDUSJOB $BTUBÁFEB UVWP QPDP ¹YJUP -B BHSFTJWJEBE EFM FY DBODJMMFS TVQVTP VO BMFKB NJFOUP DPO "N¹SJDB -BUJOB Z FO FM DPOUFYUP EF MBT (VFSSB EF &TUBEPT 6OJEPT FO 0SJFOUF .FEJP

$"/%*-

EF MB DBMMF FNQSFTB RVF OP BQPZÂ .¹YJDP FO FM $POTFKP EF 4FHVSJEBE EF MB 0/6 TVQVTP VO FYUSBW½P BHVEP EFM QBQFM EF OVFTUSP QB½T FO FM NVOEP -B QPM½UJ DB FYUFSJPS RVFEÂ FOUSF MB FTQBEB Z MB QBSFE SF DVQFSBS MB EPDUSJOB IJTUÂSJDB P NBOUFOFS FM JOUFS WFODJPOJTNP RVF JOUSPEVKP 'PY -B EFTPSJFOUBDJÂO EF MB QPM½UJDB FYUFSJPS DPO 'FMJQF $BMEFSÂO FT FTQFKP EF FTUB EJTZVOUJWB &OSJRVF 1FÁB /JFUP PQUÂ QPS VOB QPM½UJDB FY UFSJPS RVF SFDVQFSBCB MPT QSJODJQJPT EF OP JOUFSWFO DJÂO FO BTVOUPT JOUFSOPT EF PUSPT QB½TFT Z DPO VOB NBSDBEB PSJFOUBDJÂO FDPOÂNJDB -B EFTJHOBDJÂO EF +PT¹ "OUPOJP .FBEF FT JOFRV½WPDB BM SFTQFDUP " .¹YJDP MP RVF MF JOUFSFTBCB FSB QPUFODJBS FM EJT DVSTP EF MBT SFGPSNBT FTUSVDUVSBMFT DPO VO QPTJDJP OBNJFOUP EF iQB½T FNFSHFOUFw RVF RVFEÂ NBUFSJB MJ[BEP FO MBT QPSUBEBT EF QFSJÂEJDPT EF UPEP FM NVOEP EVSBOUF FM QSJNFS BÁP EF MB BENJOJTUSBDJÂO QSJJTUB -B EJQMPNBDJB NFYJDBOB OP RVFS½B IBCMBS EF QPM½UJDB EF EFSFDIPT IVNBOPT Z EF EFNPDSBDJB TJOP EF EÂMBSFT FVSPT Z ZVBOFT -B $BODJMMFS½B DP NP JOTUSVNFOUP QSPQBHBOE½TUJDP EFM NBM MMBNBEP iNPNFOUP NFYJDBOPw 5PEP TF EFSSVNCÂ DVBOEP MB SFBMJEBE BQBSF DJÂ &M EF TFQUJFNCSF EF FT VO BOUFT Z VO EFTQV¹T -B EFTBQBSJDJÂO EF MPT OPSNBMJTUBT EF "ZPU[JOBQB TVQVTP MB EFSSPUB EF VOB OBSSBUJWB &M .¹YJDP SFBM FM JNQVOF WJPMFOUP Z DPSSVQUP EFTQMB[Â BM .¹YJDP QVKBOUF Z FO BTDFOTP &M 1SF TJEFOUF ZB OP QPE½B WJBKBS QPS FM NVOEP IBCMBO EP EF SFGPSNBT BOUFT MBT JODFTBOUFT QSFHVOUBT EF MB QSFOTB FYUSBOKFSB TPCSF EFSFDIPT IVNB

, -Ê Ê6 6 ,

OPT EFTBQBSJDJPOFT Z WJPMFODJB 1FÁB /JFUP QB TÂ EF TFS FM M½EFS QSBHN²UJDP Z SFGPSNJTUB EF VOB OBDJÂO RVF BTQJSB B TFS VO QPMP FDPOÂNJDP B TFS FM 1SFTJEFOUF JODBQB[ EF EBS DPO FM QBSBEFSP EF FTUVEJBOUFT EFTBQBSFDJEP -B DPSUJOB EF IV NP EFM NPNFOUP NFYJDBOP TF EJGVNJOÂ DPO MB NJTNB SBQJEF[ DPNP BTDFOEJÂ -VFHP MB MMFHBEB EF -VJT 7JEFHBSBZ B EFTQB DIBS FO 5MBUFMPMDP : VO WJSBKF QPM½UJDP FO MB 4F DSFUBSJB EF 3FMBDJPOFT &YUFSJPSFT 4F OPT QJOUÂ B 7JEFHBSBZ DPNP FM I²CJM OFHPDJBEPS RVF IBS½B RVF 5SVNQ NBUJ[BSB TVT QPTUVSBT TPCSF .¹YJDP 7JEFHBSBZ UJFOF DPOUBDUP EJSFDUP DPO FM D½SDVMP DFSDBOP EFM OVFWP QSFTJEFOUF BNFSJDBOP OPT EJ KFSPO /P IB TJEP BT½ 4JO FNCBSHP IBC½B PUSP PC KFUJWP VUJMJ[BS MB EJQMPNBDJB NFYJDBOB DPO NJ SBT B MB FMFDDJÂO EF $PNP WJNPT FO MB FMFDDJÂO EFM &TUBEP EF .¹YJDP FM (PCJFSOP EF 1FÁB /JFUP OP UJFOF FNQBDIP FO JOTUSVNFOUBS B %FTBSSPMMP 4PDJBM P B DVBMRVJFS EFQFOEFODJB GF EFSBM DPO UBM EF DVNQMJS TVT NFUBT FMFDUPSBMFT -B $BODJMMFS½B FT VOB QJF[B EF MB PQFSBDJÂO SVNCP B -PT 1JOPT JEFOUJGJDBO FO "OES¹T .BOVFM -ÂQF[ 0CSBEPS BM SJWBM B WFODFS : IB DP NFO[BEP MB PQFSBDJÂO 7FOF[VFMB EF VO (PCJFS OP N²T JOUFSFTBEP FO IBCMBS EF MB HSBWF TJUVB DJÂO QPM½UJDB FO $BSBDBT RVF FO SFTQPOEFS QPS MPT EFSFDIPT IVNBOPT FO .¹YJDP .JTNB FTUSBUFHJB TF VUJMJ[Â FO &TQBÁB DPOUSB 1PEFNPT P FO 'SBO DJB DPOUSB .¹MFODIPO %F QSPOUP DPNP QPS BS UF EF NBHJB .¹YJDP TF DPNQSPNFUJÂ DPO MB EF GFOTB EF MPT EFSFDIPT IVNBOPT PSHBOJ[Â MB

ÊiÌiÀ

, Ã>Ê ÌiÀ "DBCB EF GBMMFDFS VO BNJHP ½OUJNP FM FTDSJUPS NFYJDBOP "OUP OJP 4BSBCJB 4F IB JEP EF HPMQF 7JTUP Z OP WJTUP FO UBO TÂMP VO QBS QBEFP TF GVF "OUPOJP 7FS²O MMFHB VO NPNFOUP FO MB WJEB FO RVF TF UF FNQJF[B B NPSJS MB HFOUF BMSFEFEPS 4½ EFTEF MVFHP MB QBSDB OPT BDFDIB FO DVBMRVJFS SJODÂO DPNP EJDF 'FSOBOEP EF 3PKBT FO -B $FMFTUJOB OVODB TF FT MP TVGJDJFOUFNFOUF WJFKP DPNP QBSB OP WJWJS VO E½B N²T OJ MP TVGJDJFO UFNFOUF KPWFO DPNP QBSB OP NPSJS NBÁBOB "T½ RVF B N½ DPNP B DVBMRVJFS IVNBOP ZB NF IBC½B UPDBEP BUSBWFTBS VOBT DVBOUBT Q¹S EJEBT 1FSP MP RVF EJHP FT RVF MMFHB VO NPNFOUP FO FM RVF TF FNQJF [BO B NPSJS NVDIPT B MB WF[ %FNBTJBEPT (FOUF EF UV FEBE P BMHP NBZPS RVF UÈ QFSP RVF IB GPSNBEP QBSUF EF UV WJEB &O PDBTJPOFT IBO TJEP BNJHPT NVZ RVFSJEPT PUSBT WFDFT TF USBUB EF TJNQMFT DPOP DJEPT QFSP BÁFKPT &M CPTRVF IVNBOP EF UV FYJTUFODJB DPNJFO[B B TFS UBMBEP &TUB FT PUSB EF MBT NBMEJUBT DPOTFDVFODJBT EF FOWFKFDFS VO QSPDFTP RVF OP UJFOF OJ QJ[DB EF HSBDJB N²T BMM² EFM BMJWJP EF TB CFS RVF BÈO OP FTU²T FO FM TVFMP DPOWFSUJEP FO MFÁB +VTUBNFOUF BDBCB EF GBMMFDFS VOP EF FTPT BNJHPT ½OUJNPT FM FT DSJUPS NFYJDBOP "OUPOJP 4BSBCJB RVF WJW½B FO -JTCPB EFTEF IBD½B BÁPT 4F IB JEP EF HPMQF BQBSFDJÂ DBE²WFS VOB NBÁBOB VOB TBMJEB

EF FTDFOB FTUVQFOEB QBSB FM QSPUBHPOJTUB QFSP TPCSFDPHFEPSB QB SB MPT EFN²T 7JTUP Z OP WJTUP FO UBO TÂMP VO QBSQBEFP BMM² TF GVF "OUPOJP DPO UPEBT TVT WJWFODJBT TVT SFDVFSEPT TVT EFTFPT TVT BNP SFT Z TVT EJTHVTUPT TVT TVFÁPT Z TV UBMFOUP RVF FSB NVDIP -B NVFS UF FT JODSF½CMF JNQFOTBCMF 7FOJNPT B FTUF NVOEP DPO VO ZP JONFO TP RVF MP MMFOB UPEP TPNPT QBSB OPTPUSPT NJTNPT MP N²T JNQPSUBOUF RVF TVDFEF FO FM VOJWFSTP Z EF QSPOUP TF BQBHB MB MV[ Z ZB OP RVFEB OBEB EF UPEBT FTBT BOTJBT DPMPTBMFT EF WJWJS 'VF QSFDJTBNFOUF "O UPOJP 4BSBCJB RVJFO NF IJ[P DPOPDFS FTUPT CFMM½TJNPT WFSTPT EF 4BM WBUPSF 2VBTJNPEP i$BEB VOP FTU² TPMP TPCSF FM DPSB[ÂO EF MB UJFSSB BUSBWFTBEP QPS VO SBZP EF TPM Z EF QSPOUP BOPDIFDFw #VFOP T½ QFSEVSB BMHP EVSBOUF DJFSUP UJFNQP FM OPTU²MHJDP SFDVFSEP EF MB HFOUF RVF UF RVFS½B 1FSP FMMPT B TV WF[ UBNCJ¹O NPSJS²O &O FM DBTP EF "OUPOJP RVFEB BEFN²T TV PCSB RVF FT NBHO½GJDB Z NVDIP NFOPT DPOPDJEB EF MP RVF EFCFS½B $PNP TV ÈMUJNB OPWFMB QVCMJDBEB -PT EPT &TQFKPT RVF USBUB QSFDJTBNFO UF EF VO IPNCSF FM EPDUPS &TQFKP RVF FT BTFTJOBEP Z RVF TF QB TB MB NJUBE EFM MJCSP TJFOEP VO GBOUBTNB 0 DPNP MB RVF TBDBS² MB FEJUPSJBM .BMQBTP FM QSÂYJNP PUPÁP /P UJFOFT QFSEÂO EF %JPT HF OJBM Z EFMJDJPTB "VO BT½ MB QPTUFSJEBE FT FTRVJWB BSCJUSBSJB "V UPSFT GPSNJEBCMFT UFSNJOBO BSSVNCBEPT FO FTUBOUFS½BT OVODB WJ

DVNCSF EF MB 0SHBOJ[BDJÂO EF MPT &TUBEPT "NF SJDBOPT FO $BODÈO Z CVTDÂ DPOTFOTPT QBSB DPO EFOBS MB JOWPMVDJÂO EFNPDS²UJDB EFM S¹HJNFO CP MJWBSJBOP %FUS²T EF MB FTUSBUFHJB QPM½UJDB EF MB $BODJMMFS½B IBZ VOB OBSSBUJWB EF DPSUF FMFDUPSB MJTUB -ÂQF[ 0CSBEPS FT .BEVSP Z TJ HBOB MB 1SF TJEFODJB BDBCBS½BNPT FO VO S¹HJNFO MJCFSUJDJ EB 4PSQSFOEF FM BI½ODP EF MB EJQMPNBDJB NFYJDBOB FO MB EFGFOTB EF MBT MJCFSUBEFT Z MPT EF SFDIPT FO 7FOF[VFMB MVFHP EF DBTJ VO MVTUSP EF BENJOJTUSBDJÂO Z MB DFSSB[ÂO EF -PT 1JOPT B BDFQUBS SFDPNFOEBDJPOFT QBSB MB QSPUFDDJÂO EF MPT EFSFDIPT IVNBOPT QPS QBSUF EF PSHBOJTNPT JOUFSOBDJPOBMFT /BEB EBÁB N²T B MBT JOTUJUVDJPOFT RVF TV VTP QBSUJEJTUB 7FOF[VFMB FT VO S¹HJNFO BVUPSJUBSJP DPSSVQUP DPO QFTPT QPM½UJDPT *OEFGFOEJCMF F JO KVTUJGJDBCMF 4JO FNCBSHP .¹YJDP BDUÈB DPNP FM DBOEJM EF MB DBMMF Z MB PTDVSJEBE FO DBTB DPOEF OB BGVFSB MP RVF OVODB IB BDFQUBEP BEFOUSP -B EJQMPNBDJB NFYJDBOB IB TJEP FO FM QBTBEP VO FKFNQMP EF QSFTUJHJP Z BVUPOPN½B 4V JOTUSVNFO UBDJÂO QPM½UJDB DPNP PDVSSJÂ FO $BODÈO FT VOB NVFTUSB N²T EF MB WPMVOUBE QSFTJEFODJBM EF VUJ MJ[BS B DVBMRVJFS JOTUJUVDJÂO QÈCMJDB DPO UBM EF GB WPSFDFS TV QSPZFDUP Z FM EF TV QBSUJEP -B $BODJ MMFS½B NFYJDBOB EFCF SFUPNBS TV QBQFM DPOTUSVDUJWP EF JOUFSNFEJBSJP QBSB SFTPMWFS QSPCMFNBT Z OP TFS SFTQPOTBCMF EF FNQFPSBS MB TJUVBDJÂO DPO TV JOUFSWFODJPOJTNP -PT WFOF[P MBOPT NFSFDFO VO JOUFS¹T HFOVJOP Z OP DBMFOUV SBT FMFDUPSBMFT

TJUBEBT EF CJCMJPUFDBT SFNPUBT 4BMWP FTDBT½TJNBT Z B[BSPTBT FYDFQDJPOFT FM EFTUJOP EF UPEPT FT FM PMWJEP 1FSP KVTUBNFOUF FTF FTUBS BCPDBEPT B MB OBEB DPOWJFSUF MB WJEB FO BMHP QSFDJPTP Z ÈOJDP 2V¹ HSBO USJVOGP FT VOB WJEB CJFO WJWJEB : DSFP RVF FTBT WJEBT CFMMBT RVFEBO EF BMHÈO NPEP SFTPOBOEP FO MB FT UFMB EF MB IVNBOJEBE "VORVF OP OPT BDPSEFNPT EF RVJFOFT MBT WJ WJFSPO TV FGFDUP QFSEVSB : FO FTUP NJ BNJHP 4BSBCJB GVF UBNCJ¹O FKFNQMBS &SB VO IPNCSF HVBTÂO Z NVZ HSBDJPTP QFSP FO MP JNQPS UBOUF EF MB WJEB FSB FTUPJDP SJHVSPTP JNQFDBCMF $PO FTF SJHPS TF BQMJ DBCB B MB FTDSJUVSB : BM DVJEBEP EF TV HFOUF RVFSJEB : B TPCSFMMFWBS MPT NPSEJTDPT EFM EFTUJOP DPO JNQ²WJEB FOUFSF[B $PO FM UJFNQP "O UPOJP GVF DSFDJFOEP BOUF NJT PKPT &O MPT ÈMUJNPT BÁPT MF WJ BMDBO[BS MB BMUVSB EF VO HJHBOUF &SB VOB EF MBT QFSTPOBT N²T WBMJFOUFT RVF IF DPOPDJEP WBMJFOUF EF WFSEBE TJO MPT BTQBWJFOUPT EFM UFNFSBSJP 7B MJFOUF EF TPTUFOFSMF MB NJSBEB B MB NVFSUF Z BM EFUFSJPSP &O FM ÈMUJNP DIBU EF 8IBUT"QQ RVF OPT JOUFSDBNCJBNPT QPDPT E½BT BOUFT EF JS TF FTUVWJNPT DPNFOUBOEP MBT USPQFM½BT EF VOPT DVBOUPT NBMWBEPT ZP MF EJKF RVF QPS EFTHSBDJB MPT NBMPT HBOBCBO DBTJ TJFNQSF Z ¹M NF DPOUFTUÂ i/P TJFNQSF MJOEB Z TVT QFRVFÁBT WJDUPSJBT TÂMP JNQSFTJP OBO B MPT N²T UPOUPT RVF FMMPT -BT WFSEBEFSBT WJDUPSJBT OJ TJRVJFSB TPO QÈCMJDBTw $POTJHVJÂ TFS VO TBCJP Z TV HSBO WJDUPSJB QSJWBEB GVF IBDFS EF TV WJEB VOB PCSB EF BSUF &O TV OPWFMB -PT EPT &TQFKPT FM GBOUBTNB EFM EPDUPS MPHSB SFTPMWFS TV QSPQJP BTFTJOBUP Z DPNQSFO EFS MP RVF IB TJEP TV FYJTUFODJB 6OB WF[ BMDBO[BEP FM DPOPDJNJFO UP DPNJFO[B B EJTPMWFSTF FO MB OBEB : TVT ÈMUJNBT QBMBCSBT DPO MBT RVF BDBCB FM MJCSP TPO i2V¹ NBSBWJMMB QPS GJO MP FUFSOPw Ï 304" .0/5&30 &%*$*0/&4 &- 1"¡4 4 - 5PEPT MPT EFSFDIPT SFTFSWBEPT


%PNJOHP EF KVOJP EF

1~(*/" #

&- */'03."%03

&- 1&340/"+&

8* ", "ร ร 1 "

$"3-04 &3/&450 0$)0" 'ยฒ-*9 1"5*/"%03 $035&4ยถ" t 1" 1*30-"4

7FODFS BM NJFEP QBSB DVNQMJS TVT NFUBT

9>ร iร ร ย ย ร ร ย ย ร iย ร ร i}>ย ย

ย M FT VOP EF MPT NFKPSFT FYQPOFOUFT EF VOB EJTDJQMJOB DPOPDJEB DPNP QBUJOBKF BHSFTJWP TV EPNJOJP DPO MBT SVFEBT MP IB MMFWBEP B DPNQFUJS BM Nย YJNP OJWFM

1PS 'FMJQF 3PNFSP

5

FOFS MB PQPSUVOJEBE EF QSBDUJDBS VO EFQPSUF FYUSF NP DPNP FM QBUJOBKF BHSFTJ WP IB TJEP MP NFKPS RVF IB QBTBEP FO MB WJEB EF $BSMPT &SOFTUP 0DIPB 'ยนMJY RVJFO EFTEF IBDF Bร PT QSBDUJDB FTUB EJTDJ QMJOB FO MB RVF TF IB DPOWFSUJEP FO VOP EF MPT NFKPSFT FYQPOFOUFT B OJWFM OBDJP OBM /BDJEP FO $JVEBE 0CSFHร O 4POP SB FM QBUJOBEPS DPNFOUร Dร NP IB WFO DJEP BM NJFEP QBSB QPEFS EJTGSVUBS EF MBT FNPDJPOFT RVF FOHMPCBO FTUB BDUJWJEBE FYUSFNB MB DVBM DPNJFO[B B HBOBS BEFQ UPT B MP MBSHP Z BODIP EF UPEP FM QBยฝT JO DMVJEB MB 1FSMB 5BQBUยฝB i5PEP EFQFOEF IBTUB Eร OEF RVJFSBT MMFHBS MB EJGJDVMUBE FT WFODFS BM NJFEP RVF UF WBZBT B HPMQFBS DPO VO UVCP RVF DBJHBT EF FTQBMEB P RVF UF QFHVFT FO MB DBCF[B -BT NVร FDBT ZB DBTJ OP OPT GVODJPOBO B MPT RVF OPT EFEJDBNPT B FTUP QPS UBOUBT DBยฝEBT RVF IFNPT UFOJEP QFSP TJHP IB DJFOEP MBT DPTBT TJO NJFEP -B QSJNFSB FNPDJร O RVF TJFOUFT BM MMFHBS B VO MVHBS OVFWP FT MB JODFSUJEVNCSF BTยฝ DPNP FYJT UF MB QPTJCJMJEBE EF RVF UF DBJHBT UBNCJยนO QVFEFT IBDFS CJFO FO MB QSJNFSB PQPSUVOJ EBE ZB RVF SPNQFT FTB CBSSFSB MB BESF OBMJOB TF TVCF NVDIยฝTJNP Z ZB RVF MP IB DFT UF JNQVMTBT QBSB TFHVJS FO FTUPw $PO VOB TPOSJTB SFGMFKB FM QMBDFS EF IBCFS QBUJOBEP FO MPT QSJODJQBMFT TLBUF QBSL EF UPEP FM QBยฝT BVORVF QBSB 'ยนMJY TVT JOJDJPT GVFSPO NFSBNFOUF DJSDVOTUBO DJBMFT ZB RVF VO SFHBMP EF /BWJEBE GVF TV GJDJFOUF QBSB RVF TF FOBNPSBSB EFM 3PMMFS B MB FEBE EF MPT Bร PT i5VWF NJT QSJNFSPT QBUJOFT B MPT Bร PT DVBOEP MPT SFDJCยฝ EF SFHBMP FO VOB /BWJEBE KVOUP B UPEPT NJT QSJNPT "M QSJO DJQJP MP IBDยฝB EF NBOFSB SFDSFBUJWB QFSP EFTQVยนT NF FOUSร MB JORVJFUVE EF TVCJSNF B MB QBUJOFUB MP IJDF QPS VO UJFNQP QFSP OP NF HVTUร QPSRVF TF NF SPNQJFSPO BM TFS EF NBMB DBMJEBE FOUPODFT SFHSFTยน B MPT QBUJOFT Z GVFSPO BMHVOPT BNJHPT MPT RVF

NF FYQMJDBSPO UPEP MP RVF TF QPEยฝB IBDFS " MPT DVBUSP NFTFT GVJNPT B WFS VO FWFO UP FO FM RVF IVCP QBUJOBEPSFT QSPGFTJPOB MFT OPT BDFSDBNPT B FMMPT BM QSJODJQJP OPT FDIBCBO ADBSSJMMB QFSP BM GJOBM FMMPT OPT BZVEBSPO B TFHVJS FO FTUP .F FOBNPSยน EF FTUP -B EJTDJQMJOB Z MPT SFUPT QFSTPOBMFT NF DBVUJWBSPO QBSB TFHVJS &O MB WJEB TJFNQSF IBZ DBยฝEBT QFSP UBNCJยนO IBZ VOB TBUJTGBDDJร O VOB SFDPNQFOTB RVF WBMF MB QFOB TJFNQSF IBCSยฒ BMHP RVF HBOBSw 5SBT IBCFS HBOBEP DPODVSTPT OBDJP OBMFT FO MB DJVEBE EF .POUFSSFZ $BSMPT &SOFTUP FYQMJDB DVยฒMFT IBO TJEP TVT DPN QFUFODJBT NยฒT NFNPSBCMFT NJTNBT RVF IB DPOTJEFSBEP DPNP CVFOBT Z NBMBT FY QFSJFODJBT i$PODVSTยน FO VO DBNQFPOBUP OBDJP OBM FO .POUFSSFZ BIยฝ RVFEยน FO DVBSUP MV HBS EFTQVยนT QSJNFS MVHBS FO 5PSSFร O QB SB HBOBS FM QSJNFS MVHBS EFTQVยนT WPMWยฝ B .POUFSSFZ Z BIPSB Tยฝ NF USBKF FM QSJNFS MVHBS "VORVF UBNCJยนO IF UFOJEP USBHPT BNBSHPT DPNP MB WF[ RVF GVJ B VO DBNQFP OBUP FO 4BO %JFHP Z OP QVEF DBMJGJDBS B MBT GJOBMFT BVORVF FTP NF TJSWJร NVDIP DPNP FYQFSJFODJB BQSFOEยฝ CBTUBOUFw

TJPOFT DPONJHP NJTNP IBTUB RVF SFHSF Tยน DJODP Bร PT EFTQVยนT RVF QVEF WFODFS FTF NJFEP NF JNBHJOยน RVF JCB B IBDFS CJFO MBT DPTBT FTP NF NPUJWร B WPMWFS B TBMUBSw

-PT SJFTHPT

$PO MB BVUPSJEBE QBSB IBCMBS EF FTUF EFQPSUF 'ยนMJY BHSFHB RVF FM QBUJOBKF FY USFNP FT VOB BDUJWJEBE RVF DPNJFO[B B UF OFS VO BVHF JNQPSUBOUF FO .ยนYJDP ZB RVF FM BQPZP EF MBT NBSDBT Z QBUSPDJOJPT IB TJ EP USBTDFOEFOUBM QBSB MB DSFBDJร O EF FTQB DJPT EF QSยฒDUJDB i&O MP RVF ZP MMFWร DPNP QBUJOBEPS DBTJ Bร PT IB IBCJEP QPDP BQPZP BOUFT OP IBCยฝB NBSDBT Z QSPEVDDJPOFT QBSB BQP ZBS FTUB EJTDJQMJOB )BCยฝB NVDIBT SFTUSJD DJPOFT QBSB QBUJOBS OP IBCยฝB TLBUF QBSLT Z UFOยฝBNPT RVF TBMJS B MBT DBMMFT "IPSB QPOHP FM FKFNQMP EF +BMJTDP BOUFT IBCยฝB EPT QBSRVFT FO (VBEBMBKBSB Z BIPSB IBZ FO 4POPSB OP IBCยฝB OJOHVOP TPMP VOB QMB[B BEBQUBEB &M IFDIP EF RVF OPTPUSPT DPNFO[ยฒSBNPT DPO FTUP IB BZVEBEP B MB EJGVTJร O EF FTUB BDUJWJEBEw

$POTDJFOUF EF RVF DVBMRVJFS BDUJWJ EBE FYUSFNB TJFNQSF JNQMJDBSยฒ BMHร O SJFTHP FM QBUJOBEPS TPOPSFOTF DPNQBSUF DVBMFT IBO TJEP MPT NPNFOUPT NยฒT DPN QMJDBEPT EFOUSP EF TV DBSSFSB FO FTUF EF QPSUF FO FM RVF MBT DBยฝEBT TPO FM QBO EF DB EB EยฝB i6OB WF[ UVWF VOB SVQUVSB EF DMBWยฝ DVMB B MB IPSB EF DBMFOUBS UVWF VO USPQF [ร O Z NF DBยฝ OJ TJRVJFSB FTUBCB JOUFO UBOEP BMHP QFMJHSPTP 5BNCJยนO FO VOB PDBTJร O JOUFOUBCB VO USVDP RVF TF MMBNB %JTBTUFS FO FM RVF TBMUBNPT IBTUB FM GJ OBM EF VO TFU EF FTDBMFSBT FOUPODFT ZP OP DBยฝ IBTUB FM GJOBM QFHVยน FO FM UVCP Z UFSNJOยน OPRVFBEP %FTQVยนT EF FTUP TJ MB QFOTBCB FO TFHVJS FO FM QBUJOBKF WFยฝB FTF MVHBS Z NF EBCB NJFEP UFOยฝB EJTDV

ร ย ย ย iร ย ย ร iย ย >ย >ร ร

&KFNQMP B TFHVJS $BSMPT RVJFO BDUVBMNFOUF MMFWB TV DB SSFSB DPNP QBUJOBEPS B MB QBS RVF TV FN QMFP DPNP JOHFOJFSP FO TJTUFNBT JOEVT USJBMFT TF DPOTJEFSB VO FKFNQMP B TFHVJS QBSB MPT OJร PT Z Kร WFOFT RVF RVJFSFO EFEJ DBSTF EF MMFOP B FTUB EJTDJQMJOB ZB RVF TJFNQSF IB FTUBEP EJTQVFTUP B BDPOTFKBS B RVJยนOFT MP OFDFTJUFO i.F DPOTJEFSP VO FKFNQMP B TFHVJS QPSRVF NยฒT BMMยฒ EF NJ FEBE USBUP EF TFS WJS DPNP FKFNQMP QBSB MPT OJร PT EF RVF OP JNQPSUB DVยฒOUPT Bร PT UFOHBT TJ FSFT BMUP P CBKP EFCFT EJTGSVUBS MP RVF IBDFT RVF EFCFT DVNQMJS UVT QSPQJPT PCKFUJWPT Z BZV EBS B RVJยนO UF QJEB VO DPOTFKP 4J NF QSF HVOUBO BMHP ZP MP SFTQPOEP DPO HVTUP QPS RVF TPNPT QFSTPOBT RVF QSBDUJDBO VO EFQPSUF Z DBEB RVJFO UJFOF TVT OJWFMFT EF DPOPDJNJFOUPTw

3PMMFS EFQPSUF FO DSFDJNJFOUP

1BESF MF EFDยฝB TV IJKB DVBOEP FSB NVZ QFRVFร B NF DBTUJHBCBT NJT NV ร FDBT DVBOEP UF EFTPCFEFDยฝB Z NF QPSUBCB NBM $VBOEP DSFDยฝ Z TBDB CB NBMBT DBMJGJDBDJPOFT FO MB FTDVFMB OP NF EFKBCBT TBMJS B KVHBS DPO NJT BNJHBT VO QPDP NยฒT HSBOEF TJ OP IBDJB DBTP B UVT JOTUSVDDJPOFT NF DBTUJHBCBT DPO OP JS B MBT GJFTUBT EF NJT BNJHBT )PZ TPZ BEJDUB {DV ยฒM FT NJ DBTUJHP 0 B DBTP OP UF IB[ EBEP DVBOUB RVF UVT SFHBร PT Z DBT UJHPT OP EJFSPO SFTVMUBEP Z RVF MBT DPTBT IBO JEP FNQFPSBOEP {2VJยนO GVF FM UPOUP RVF UF FOTFร ร B RVF DPO FOPKPT Z SFHBร PT TF FEVDB &TUB SFBMJEBE TVFMF FTUBS FO FM QFOTBNJFOUP EF NVDIPT DIJDPT BEJDUPT &T VOB TFOTBDJร O EF DPSBKF DPOUSB MPT QBESFT QPS IBCFS TJEP UBO DBTUJHBEPT Z SFHBร BEPT B MP MBSHP EF TV DSFDJNJFOUP ยท+ร ย jย ร vร iร iย ร ร ย ย ร ย ร ยตร iร 4F DPNQSFOEF RVF MPT BEVMUPT UFO HBNPT RVF FOTFร BS Z DPSSFHJS B OVFTUSPT IJ ร iร iย ร iย ย ร >ร ยตร iร Vย ย ร KPT QFSP MB NBOFSB EF IBDFSMP DVFOUB NVDIP iย ย ย ย ร ร ร ร ร i}>ย ย ร ร ร iร /P FT MP NJTNP DPSSFHJS DPO SFTQFUP Z BQSF DJP RVF DPO HSJUPT Z PGFOTBT &M NBM IVNPS i`ร V>ยถร ร ร >ร ร i>ย ย `>`ร FM FOPKP Z MB JSB EFTUSVZFO MB DPOGJBO[B ร ร iย iร iร ร >ร ร iย ร iย ร &O SFBMJEBE MPT OJร PT WBO DPOTUSV ZFOEP VO UFNPS B TFS SFHBร BEPT QPS TVT QB ยซiย ร >ย ย iย ร ย ร `iร ย ร Vย ย ร ร ESFT Z QPS FMMP TPO DBQBDFT EF EFTBSSPMMBS VO Vย ย Vย ร ร >`ย Vร ย ร ยฐยฐยฐ TJTUFNB EF NFOUJSBT PDVMUBNJFOUP Z FOHBร PT RVF GBDJMJUF FWJUBS TFS SFHBร BEP "VORVF FM DPMNP FT RVF MPT QBESFT QSPOUP EFTDVCSFO MBT NFOUJSBT Z FTUBT QSPWP DBO NยฒT SFHBร PT Z EFTDPOGJBO[B HFOFSBOEP VO DยฝSDVMP WJDJPTP &OUSF NยฒT NF SFHBร BT NยฒT NJFOUP : FOUSF NยฒT NJFOUP NยฒT NF EFTDVCSFT Z SFHBร BT -B NFKPS BDUJUVE FT MB EF USBUBS EF IBCMBS DPO MPT IJKPT FO NVZ CVFO QMBO DPO FM BEFDVBEP UPOP EF WP[ Z FM FTUBEP FNPDJPOBM FRVJMJ CSBEP 3FTVMUB NVDIP NยฒT FGJDB[ RVF FM HSJUP JNQVMTJWP Z FM TFSNร O MMF OP EF FOPKP :P UPEBWยฝB MF QSFHVOUP B NVDIPT BEVMUPT TJ MFT HVTUB RVF MPT SFHBร FO QPS TVT FSSPSFT -B NBZPSยฝB DPOUFTUB RVF OP MFT QBSFDF RVF MPT USBUFO EF FTB NBOFSB DVBOEP OP IBDFT CJFO MBT DPTBT {UF HVTUBSยฝB RVF VO BHFOUF EF USยฒOTJUP UF SFHBร F DVBOEP UF QBTBT VO BMUP P {RVF MB DB KFSB EF VO CBODP UF HSJUF QPSRVF MMFOBTUF NBM VO DIFRVF 4PMP CBTUB DVNQMJS DPO MB SFHMB EF PSP USBUB B MPT EFNยฒT DPNP RVJFSFT RVF UF USBUFO B UJ


1~(*/" #

&- */'03."%03 &- */'03."%03

&/53&7*45"

%PNJOHP EF KVOJP EF

3"'"&- &/3*26& : ²%("3 #&+"3"/0 #"*-"3*/&4 &- */'03."%03 t " $"."$)0

5SJQMF UBMFOUP QBSB MB

EBO[B

#64$"/ "10:0 %F J[RVJFSEB B EFSFDIB 3BGBFM &OSJRVF Z ²EHBS #FKBSBOP RVJFSFO EFTUBDBS B OJWFM JOUFSOBDJPOBM B 3BGBFM &OSJRVF Z ²EHBS #FKBSBOP RVJFSFO EFTUBDBS B OJWFM JOUFSOBDJPOBM

1PS +PSHF 1¹SF[

&

M CBMMFU IB TJEP VOB BWFOUVSB BWFOUVSB GB NBOPT #F NJMJBS QBSB MPT IFSNBOPT #F KBSBOP 7JEBM USFT WBSPOFT RVF IBO JODMVJEP FO TV GPSNBDJÂO QFSTPOBM FTUB EJTDJQMJOB EF MBT CFMMBT BSUFT 5PEP DPNFO[Â DPO FM NBZPS EHBS #FKBSBOP 7JEBM EF BÁPT RVJFO DVSTÂ FM CBDIJMMFSBUP FTQFDJBMJ[BEP FO BSUFT QM²TUJDBT FO FM $FEBSU $FOUSP EF &EV DBDJÂO "SU½TUJDB "MM½ UVWP RVF UPNBS NBUFSJBT EFM USPODP DPNÈO CBMMFU DM²TJDP FOUSF FMMBT EHBS BENJUF RVF BM QSJODJQJP QFOTÂ FO MPT QSF KVJDJPT IBCJUVBMFT i{DÂNP VO IPNCSF WB B VTBS NBMMBT w 1FSP MVFHP BM DPOPDFS MB EBO[B TF EJP DVFOUB EF MP FRVJWPDBEP RVF FTUBCB QVFT MF HVT UÂ MB NBUFSJB $PO MB DPOTJHOB EF OP KV[HBS MP RVF OP TF DPOPDF DPOWFODJÂ B TV IFSNBOP 3B GBFM EF BÁPT QBSB BEFOUSBSTF FO FTUF BSUF RVF B MB WF[ FT UBNCJ¹O VO EFQPSUF EF BMUP SFO EJNJFOUP 3BGBFM FNQF[Â DPO MBT DMBTFT TBCBUJ OBT QSJNFSP DPO HVTUP QPS FM GMBNFODP N²T UBS EF DPO MP DM²TJDP EF MB EBO[B 'VF FO MB 3FBM "DBEFNJB EF #BMMFU EF "OB 5PSRVFNBEB EPOEF 3BGBFM FTUVWP QPDP N²T EF VO BÁP IBTUB RVF GVFSPO B 7FSBDSV[ &O NFEJP EF DMBTFT NBHJT USBMFT DPO NBFTUSPT JOUFSOBDJPOBMFT BM GJOBM EF TV FTUBODJB QBSUJDJQÂ FO VOB HBMB RVF MF NFSF DJÂ TFS JOWJUBEP B VO QBS EF FTDVFMBT FO &TUBEPT 6OJEPT 0QUÂ QPS 8BTIJOHUPO EPOEF ZB DPOTJ HVJÂ VO DPOUSBUP QPS EPT BÁPT &OSJRVF EF BÁPT FM UFSDFS IFSNBOP OP TF RVFEÂ BUS²T FO FM HVTUP QPS QSBDUJDBS FTUF BS UF 3FDJCJÂ DMBTFT Z QSPOUP UVWP MB PQPSUVOJEBE QPS DPNQFUJS QPS CFDBT &O 8BTIJOHUPO HBOÂ VOB CFDB QBSB $VCB DJVEBE EPOEF WJWF DPO TV NBESF EFTEF IBDF PODF NFTFT &O MB JTMB IB FO

50." /05" 1SFTFOUBDJØO &OSJRVF 3BGBFM Z ²EHBS #FKBSBOP 7JEBM TF QSFTFOUB SÈO KVOUP DPO "MF KBOESP "HàFSP NBFTUSP EF &OSJ RVF FO $VCB FO FM 'PSP EF "SUF Z $VMUVSB FM QSØYJNP EF KVMJP B MBT IPSBT

DPOUSBEP OVFWBT FYQFSJFODJBT VOB FEVDBDJÂO FTQFDJBMJ[BEB Z MB TBUJTGBDDJÂO EFM ¹YJUP QVFT FO VO DPODVSTP SFDJFOUF FO -B )BCBOB PCUVWP FM TFHVOEP QVFTUP TFHVOEP QVFTUP 4V QBESF EHBS MB TFÁBMB DPNP VOB QBS UJDVMBSJEBE FM NJTNP CBMMFU QFSP FO EPT TJTUF NBT FDPOÂNJDPT UPUBMNFOUF EJTUJOUPT FM DBQJ UBMJTNP FTUBEPVOJEFOTF Z FM TPDJBMJTNP DVCBOP "MHVOBT EF MBT EJGFSFODJBT EJKP 3B GBFM FT MB NBZPS MJCFSUBE Z BCBTUP EF BMJNFO UPT RVF FODVFOUSB FO &TUBEPT 6OJEPT BVORVF MB WFOUBKB BDBE¹NJDB FO $VCB FT RVF B &OSJRVF TF MF QSPQPSDJPOBO UPEBT MPT BEJUBNFOUPT SFMB UJWPT BM CBMMFU [BQBUJMMBT NBMMBT FUD &OSJRVF BGJSNÂ RVF MB WJEB DPUJEJBOB FTU² FODBSFDJEB FO TV QMBO EF WJEB CVTDB DPNQMFUBS MB FEVDBDJÂO FO -B )BCBOB QBSB EFTQV¹T USBTMBEBSTF B &TUB EPT 6OJEPT P &VSPQB 3BGBFM RVJFO TF NBSDIÂ QSJNFSP TBMJÂ EF DBTB B MPT RVJODF BÁPT QBSB FOGSFOUBSTF B VO NVOEP EFTDPOPDJEP "GPSUVOBEBNFOUF DP NFOUB TV BEBQUBDJÂO GVF S²QJEB i"M QSJODJQJP GVF EJG½DJMw *HVBMNFOUF MF SFTVMUB EPMPSPTP WFS B MB GBNJMJB TFQBSBEB QVFT TV NBESF TF USBTMBEÂ DPO FM NFOPS B $VCB 1BSB MPT IFSNBOPT NFOP SFT EF MB GBNJMJB IBO TJEP EVSBT MBT EJGJDVMUBEFT EF USBTMBEBSTF B PUSP QB½T QBSB DPOUJOVBS TVT FT UVEJPT FO MB JTMB UBNCJ¹O FTDBTFB FM BDDFTP B MBT SFEFT TPDJBMFT Z FM JOUFSOFU QPS MP RVF TF DPN QMJDB MB DPNVOJDBDJÂO DPUJEJBOB DPO FM SFTUP EF MB GBNJMJB 1BSB EHBS FM QBESF FTUB BWFOUVSB IB SFQSFTFOUBEP VO DBNCJP UPUBM FO MB GBNJMJB i1BSB CJFO FTP T½w M EFKÂ ZB TV BDUJWJEBE DPNP UPSFSP QBSB BQPZBS B TVT IJKPT iBM WFSMPT DPO MB EFEJDBDJÂO EF FTUVEJBS EF EF MB NBÁBOB B EF MB UBSEF MVFHP EF B 7FS DÂNP DBOBMJ[BO FM UJFNQP EF TV JOGBODJB Z BEPMFTDFODJB FO FTUF QSPZFDUP EF WJEBw

6/ "35& "EFNÈT EF EF TFNQF×BSTF FO FM CBMMFU IBO FODPOUSBEP FM HVTUP QPS PUSBT BDUJWJEBEFT BSUÓTUJDBT

$035&4¶"

$VFTUJ°O EF BEBQUBDJ°O EHBS FM NBZPS TBCF RVF FNQF[Â VO QPDP UBSEF EFOUSP EFM CBMMFU QVFT MBT DPOEJ DJPOFT G½TJDBT TF WBO NPMEFBOEP EFTEF QF RVFÁPT "DUVBMNFOUF FKFSDF UBNCJ¹O MBT BS UFT QM²TUJDBT DPO ¹OGBTJT FO MB FTDVMUVSB QFSP TBCF RVF TV QBTJÂO QPS FM CBMMFU IB UF OJEP CVFOPT GSVUPT DPO MB JOGMVFODJB FO TVT IFSNBOPT &OUSF MBT QJF[BT EF HSBO GPSNB UP RVF IB DPODSFUBEP EHBS FTU² VOB FTDVM UVSB EF UBNBÁP OBUVSBM EF &OSJRVF .JDIFM 7FMBTDP FNQSFTBSJP Z M½EFS EF %VMDFT EF MB 3PTB EHBS BGJSNÂ RVF .JDIFM 7FMBTDP GVF TV QSJNFS NFDFOBT FO MBT BSUFT QM²TUJDBT &O FM QBOPSBNB DFSDBOP QBSB EHBS #FKBSBOP 7JEBM FTU²O EPT FYQPTJDJPOFT FO $VCB VOB FO MB FNCBKBEB Z PUSB FO MB HBMFS½B EFM DVSB EPS FTQBÁPM &EVBSEP 4BO[ 5FN²UJDBNFOUF VOB GBDFUB RVF IB FYQMPSBEP FT MB EF FTDVM QJS B GJHVSBT DM²TJDBT UBVSJOBT

&M CBJMBS½O Z FTDVMUPS DPNFOUÂ RVF FT QP DP DPNÈO FM BQPZP B MBT BSUFT FO MB TPDJFEBE DP DPNÈO FM BQPZP B MBT BSUFT FO MB TPDJFEBE ZB RVF FYJTUF QPDB FEVDBDJÂO QBSB DPOTV NJS BSUF i-B HFOUF QSFGJFSF HBTUBS QF NJS BSUF i-B HFOUF QSFGJFSF HBTUBS QF TPT FO DFSWF[BT RVF FO VOB PCSB EF UFB USP QPS FKFNQMPw 1BSB EHBS JOWFSUJS FO FM BSUF FT VOB OFDFTJEBE QVFT FM QB½T IB EBEP DVFOUB EF TFS VO TFNJMMFSP EF BSUJT UBT Z UBMFOUPT FO MBT N²T EJWFSTBT EJTDJ QMJOBT &O FM DBTP EFM CBMMFU MBT EJGJDVMUBEFT EF QSPOUP SFTVMUBO NBZPSFT QPS IBCFS QSF KVJDJPT i#BSSFSBT BMHVOPT DPNQMFKPT RVF OP EFKBO B MBT QFSTPOBT BENJSBSMP RVF MP EJT GSVUFOw UBOUP FO MB EBO[B DM²TJDB DPNP MB DPO UFNQPS²OFB "VORVF SFDPOPDF RVF IBZ FT GVFS[PT OBDJFOUFT DPNP FM +PWFO #BMMFU EF +BMJTDP &TP FO FM SVCSP EFM DPOTVNP EF BSUF FO MB GPSNBDJÂO EF BSUJTUBT EHBS QMBUJDÂ TP CSF FTBT GSBTFT DPNVOFT RVF EFTBOJNBO B MPT KÂWFOFT FOUVTJBTNBEPT DPNP FM DM²TJDP i4J FSFT BSUJTUB UF WBT B NPSJS EF IBNCSFw i&N QJF[B EFTEF MB GBNJMJB TF QVFEF BZVEBS B VO BSUJTUB OFDFTJUB NVDIB DPOTUBODJB EJTDJQMJ OB Z BMJDJFOUFT RVF TF EFTBSSPMMFw " MB QBS FYJTUFO HBTUPT OFDFTBSJPT JOWFSTJPOFT RVF TF EFCFO IBDFS DPNP FO WFTUVBSJP *ODMVTP FO UFSBQJBT QVFT FO FM DBTP EFM CBMMFU RVJFOFT MP QSBDUJDBO FTU²O FYQVFTUPT B MFTJPOFT RVF EF CFO USBUBSTF EF MB NFKPS NBOFSB QBSB OP EB ÁBS TVT NÈTDVMPT Z BSUJDVMBDJPOFT "M JHVBM RVF EHBS FM IFSNBOP NBZPS &OSJRVF Z 3BGBFM DPNQBSUFO FM HVTUP QPS MB EBO[B DPO PUSBT BSUFT &OSJRVF EJCVKB EFTEF QFRVFÁP JOGMVFODJBEP QPS TV NBESF 3BGBFM EJTGSVUB EF MB NÈTJDB BVORVF ¹M OP QSBDUJDB FTB PUSB EJTDJQMJOB i-BNFOUBCMFNFOUF TÂMP UPDP MB QVFSUBw CSPNFÂ

&45"4 36*/"4 "/50/*0 0356º0 &41&$*"-

-P QFPS EF MP QFPS

&

O FM MBQTP EF VOPT QPDPT E½BT NF IF FOUFSBEP EF RVF VOB BNJHB TVGSJÂ VO BTBMUP B NBOP BSNBEB RVF VOB N²T GVF UFTUJHP EF VO TFDVFTUSP UBNCJ¹O B NBOP BSNBEB VOB NVKFS GVF CBKB EB EF TV BVUP Z USFQBEB B PUSP B GVFS [B EF DBDIB[PT Z MP QFPS RVF VO DPOPDJEP GVF W½D UJNB EF VOB QBMJ[B DBMMFKFSB CSVUBM Z GBMMFDJÂ B DPOTFDVFODJB EF MPT HPMQFT Z FT FM TFHVOEP BM RVF MF PDVSSF BMHP UBO BUSP[ FO BQFOBT VOPT NFTFT y 4JUVBDJPOFT QVFT DPNP QBSB QPOFS MPT QFMPT EF QVOUB B DVBMRVJFSB FO MB UFPS½B QFSP RVF EF UBO SF DVSSFOUFT OP TVFMFO QSPWPDBS BIPSB N²T EF VO QBS QBEFP FO RVJFO MBT FTDVDIB TFS SFGFSJEBT ZB RVF FM PZFOUF UJFOF B TV WF[ TVT QSPQJBT IJTUPSJBT EF WJP MFODJB QBSB SFMBUBS BDBTP N²T SBEJDBMFT 5PUBM RVF OP IBZ NPEP EF TFOUJSTF TFHVSP FO FT UF QPMWPS½O EF QB½T RVF UFOFNPT CBKP MPT QJFT .JFO USBT FTDSJCP FTUBT M½OFBT NF JOGPSNBO RVF PUSB DPOP DJEB GVF WBQVMFBEB QPS TV FY QBSFKB Z UVWP RVF CVTDBS SFTHVBSEP FO MB DBTB EF VO GBNJMJBS BOUF MB BVTFODJB OPUPSJB EF JOUFSWFODJÂO EF MBT BVUPSJEBEFT QPMJDJBDBT : QFPS BÈO RVF MB IJKB EF VOPT DPOPDJEPT MMFWB VO NFT EFTBQBSFDJEB TF TVCJÂ B VO DPDIF EF BMRVJMFS Z OP TF MF WPMWJÂ B WFS VOB USBHFEJB FTQBOUPTB 6OB USBHFEJB DPNP FTBT RVF FO OVFTUSP QB½T BGMPSBO QPS UPEBT QBS UFT 4F BTPNB B VOP B MBT OPUJDJBT EF DVBMRVJFS MPDBMJ EBE Z TVDFEF MP NJTNP 'BNJMJBT BTBMUBEBT Z BTFTJOB EBT FO MB DBSSFUFSB .¹YJDP 1VFCMB $VFSQPT EF KÂWFOFT EFTDVCJFSUPT FO QMFOB $JVEBE 6OJWFSTJUBSJB EF MB 6/". 'FNJOJDJEJPT JODPOUSPMBCMFT FO FM &TUB EP EF .¹YJDP Z NVDIPT TJUJPT N²T DPNVOJEBEFT JO E½HFOBT EFTQPKBEBT BDUJWJTUBT DB[BEPTy $VFTUB USB CBKP FODPOUSBS FM BQMPNP OFDFTBSJP QBSB TBMJS B MB DBMMF DPNP TJ OP TVDFEJFSB OBEB JODMVTP FO FTBT DJVEBEFT RVF QSFTVNFO EF TFS DPNQBSBUJWBNFOUF USBORVJMBT

DPNP MB OVFTUSB QFSP DVZPT IBCJUBOUFT TBCFNPT CJFO RVF IJFSWFO EF WJPMFODJB DPNP MB RVF N²T .JFOUSBT MBT BVUPSJEBEFT HVCFSOBNFOUBMFT EF UPEPT MPT OJWFMFT TF BSSFCBUBO MB QBMBCSB QBSB EF DJSOPT RVF MB TFHVSJEBE FTU² NFKPS RVF OVODB Z RVF OP IBZ EF RV¹ QSFPDVQBSTF MB QFSDFQDJÂO RVF UF OFNPT CVFOB QBSUF EF MPT IBCJUBOUFT EFM &TUBEP Z FM QB½T FT RVF OVODB IBC½BNPT FTUBEP QFPS -BT FT UBE½TUJDBT RVF IBCMBO EF RVF MB JNQVOJEBE FT QS²D UJDBNFOUF BCTPMVUB FT EFDJS RVF RVJFO DPNFUF VO DSJNFO QVFEF FTUBS DBTJ TFHVSP EF RVF OP SFDJCJS² DBTUJHP BÈO FO FM DBTP EF RVF MMFHVF B TFS JOWFTUJ HBEP Z MB FYQFSJFODJB BDVNVMB JOOVNFSBCMFT UFT UJNPOJPT TPCSF MB NBOFSB FO RVF MPT DVFSQPT EF TF HVSJEBE Z MPT EJGFSFOUFT BDUPSFT EFM TJTUFNB KVEJDJBM FTU²O DPMVEJEPT P TPO DVBOEP NFOPT NVZ SFDFQ UJWPT DPO EFMJODVFOUFT EF UPEB DBMBÁB 4PZ VO NBM OPTU²MHJDP EFTDSFP EF RVF UPEP UJFNQP QBTBEP IBZB TJEP NFKPS Z SFDVFSEP QPS TV QVFTUP RVF MB DJVEBE Z FM QB½T OP FSBO QSFDJTBNFO UF FM FE¹O IBDF USFJOUB P DVBSFOUB BÁPT 1FSP QSFDJ TBNFOUF QPSRVF OP JEFBMJ[P FM QBTBEP Z DSFP RVF FO FTB NJTNB TJUVBDJÂO FTUBNPT NJMMPOFT EF QFSTP OBT FT QPS MP RVF TPTUFOHP RVF FM QSFTFOUF FT TJ OJFTUSP /BEJF RVF OP TFB VO NJMMPOBSJP BDPSB[B EP Z DPNP IBO EFKBEP WFS DJFSUPT DBTPT OJ TJRVJFSB FMMPT QVFEF TFOUJSTF B TBMWP FO OVFTUSBT DBMMFT 7J WJNPT FO VOB [P[PCSB RVF FTUF QB½T OP DPOPDJÂ FO FTUB FTDBMB NBTJWB EFTEF OVFTUSBT ÈMUJNBT HVFSSBT MB 3FWPMVDJÂO Z MB $SJTUJBEB /J TJRVJFSB MB (VFSSB 4VDJB UVWP MPT BMDBODFT EF FTUB TVFSUF EF IJQFSWJP MFODJB BM FTUJMP /BSBOKB .FD²OJDB FO RVF FTUBNPT NFUJEPT : B MB RVF OP TF MF WF TBMJEB 1PS DJUBS BM EJ GVOUP Z BÁPSBEP NÈTJDP Z QPFUB DBOBEJFOTF -FP OBSE $PIFO IF WJTUP FM GVUVSP IFSNBOPT Z FT QV SP DSJNFO

*/4&(63*%"% &TUBNPT FO VOB ÏQPDB EPOEF MB WJPMFODJB TF NBOJGJFTUB QSÈDUJDBNFOUF FO DVBMRVJFS MVHBS


Turn static files into dynamic content formats.

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