Tapatio 4 de febrero 2018

'6/%"%03&4 +FT·T ~MWBSF[ EFM $BTUJMMP 7 +PSHF ~MWBSF[ EFM $BTUJMMP ;

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

"º0 $* /Á.&30

#

4&$$* /

ENCUENTRA CADA DOMINGO

/04 "$&3$".04 "- $"3/"7"- %& 4"0 1"6-0 26& :" 13&1"3" 50%0 46 $0-03 -04 «/*.04 &45«/ 103 -"4 /6#&4 " 1&4"3 %&- 3&$035& &/ 46 13&4616&450 1ÈHJOB TFJT

En las páginas de

ESTA SECCIÓN &'&

-Õ«iÀÛ Ã À\Ê >À Ê >ÃÌ Ê >À °V>ÃÌ J v À >` À°V ° Ý

?Q=@ANJK @A HA?PQN=

(6"%"-"+"3" +"- %0.*/(0 %& '&#3&30 %&

-" 53"/41"3&/$*" $3 /*$" %& 6/" %&- 5*&.10 /0$)& 04$63" 1PS .JHVFM %½B[ 3FZOPTP P TBC½BNPT TJ FTUBS½BNPT WJWPT BM MMFHBS MB OPDIF &M GS½P Z MB OJFCMB OPT IJDJFSPO BDVSSVDBSOPT CVTDBOEP QSPUFDDJÂO FO USF MBT SPDBT EFM 'BSBMMÂO FOPSNF QBSFE EF QJFESB Z OJFWF RVF QFSNJUF FM BDDFTP B MB SPEJMMB EF MB NVKFS EPSNJEB FM *[ UBDD½IVBUM SBNPT EPT FYDVSTJPOJTUBT SF[BHBEPT EFM $MVC "MQJOP EFM *OTUJUVUP EF $JFODJBT EF (VBEBMBKBSB $"*$

$VBOEP VOP TF RVFEB TPMP FO MB NPOUBÁB BUVSEJEP QPS FM TPOJEP EF MB WFOUJTDB QBTBO QPS MB NFOUF MPT N²T JOFYQMJDBCMFT QFOTBNJFOUPT /PT RVFEBNPT TPMPT MPT EPT QPS RVF TF EFTQSFOEJÂ FM TQJLZ EF 1BDP *CBSSB FM .PDIP RVF SPEÂ VOPT NFUSPT IBDJB BCBKP EF VOB MBEFSB EF OJFWF BM CPSEF EFM DBNJOP RVF OPT MMFWBS½B B MB QBSUF DFOUSBM EF MB NPOUBÁB &M TQJLZ FT MB QMBOUJMMB EF QJDPT RVF TF BNBSSB B MB CPUB QBSB DBNJOBS TPCSF OJFWF Z IJFMP 2VF OBEJF MP EVEF ½CBNPT FRVJQBEPT 3FDVQFSBS FM FRVJQP EFTDPMH²OEPTF VOP DPO VOB DVFSEB TPTUF OJEB QPS ¹M PUSP OPT UPNÂ EFNBTJBEP UJFNQP $VBOEP SFQVFTUPT EFM QFSDBODF SFUPNBNPT FM DBNJOP EFTDVCSJNPT DPO BTPNCSP RVF MB JO UFOTB OFCMJOB RVF FNQF[BCB B BQBSFDFS OPT JNQFE½B SFDPOPDFS MB SV UB Z QFSEJNPT MB WJTUB EF MBT IVFMMBT EFM SFTUP EFM HSVQP &M HSVQP EF MBOUF EF OPTPUSPT TJHVJÂ BWBO[BOEP FO GJMB IBDJB MPT QFDIPT EF MB NVKFS EPSNJEB -B UPSNFOUB TF EFTBUÂ DPO GVFS[B &M WJFOUP QFHBCB IJSJFOEP FM SPTUSP Z MB OJFWF FNQF[Â B DVCSJS FM DVFSQP 3FGVHJBEPT FOUSF MBT SP DBT BHVBOUBNPT VO UJFNQP RVF QBSFDJÂ FUFSOP -B BVEBDJB EF 1BDP IJ[P RVF CVTDBSB FM DBNJOP EF SFHSFTP BM SFGVHJP $VBOEP WPMWJÂ B CVTDBS MB SPDB EF SFTHVBSEP OP WJP N²T RVF OJFWF Z QFOTÂ RVF TF IB C½B QFSEJEP (SJUÂ QBSB TBCFS FO EÂOEF IBC½B RVFEBEP ZP Z TV NPDIJ MB Z SFDVFSEB RVF MB SPDB TF NPWJÂ Z NF MFWBOU¹ CMBODP DVCJFSUP UP UBMNFOUF EF OJFWF :P QPS NJ QBSUF WJ B VO BQBSFDJEP DPNQMFUBNFOUF CMBODP -B DIBNBSSB EF QBOB RVF ¹M UFO½B QVFTUB FM HPSSP EF NPOUB ÁB Z TV SPTUSP FTUBCBO UPUBMNFOUF CMBODPT .F FODPOUS¹ GSFOUF BM IPNCSF EF MBT OJFWFT :B T¹ QPS EÂOEF SFHSFTBS NF EJKP 4JO JEFB EFM UJFNQP USBOTDVSSJEP FNQF[BNPT MB CÈTRVFEB EFM DB NJOP EF SFHSFTP .JFEP T½ 4BCFS RVF QPES½BNPT DBFS Z SPEBS DVFT UB BCBKP UBNCJ¹O 4FOTBDJÂO EF FTUBS QFSEJEPT QVFT T½ .²T CJFO UJFNQP EF SF[BS QBSB QPEFS FODPOUSBS DPO MV[ FM DBNJOP BM SFGVHJP "MDBO[BS B CBKBS EF MB NPOUBÁB JNQPTJCMF 4FHV½B DSFDJFOEP MB UPSNFOUB RVF FO NPNFOUPT JNQFE½B WFS B FTDBTPT NFUSPT /PT BSSBTUSBNPT FO NFEJP EF MB OJFCMB %FCF VOP EF DPOGFTBSMP MBT DPTBT JCBO EF NBM FO QFPS -BT SPDBT WPMD²OJDBT Z MB OJFWF OPT JNQFE½BO BWBO[BS CBKBNPT QPS QBTPT DPSUPT UJUVCFBOUFT 1BDP Z TV TBOHSF GS½B OPT TBMWBSPO EF DVBMRVJFS NBM QBTP EFM DVBM OP IVCJ¹SBNPT TPCSFWJWJEP " DBEB JOTUBOUF QBSFD½B RVF MP OFHSP OPT FOWPMW½B 1PS BMM² OBEB MB TPNCSB BCTPMVUB B MPT MBEPT OPT JOWBE½B Z IBDJB DJFHPT &SB DP NP BRVFM QBTBKF RVF BDBCBCB EF MFFS FO FM 7JBKF BM $FOUSP EF MB 5JF SSB EF 7FSOF *HVBM OP RVFS½BNPT OP QPE½BNPT JOUFOUBS VO EFTDFO TP WFSUJDBM CVTD²CBNPT CBKBS FO EJBHPOBM /P SFDVFSEP DV²OUP OPT UPNÂ FM EFTDFOTP JOJDJBM " HBUBT DPO MBT VÁBT FOUSF QJFESB Z OJFWF EFTBOEBNPT MP RVF IBC½BNPT FTDBMB EP EVSBOUF IPSBT MVNJOPTBT "OUFT EF RVF TF IJDJFSB EF OPDIF DPO M²NQBSBT EF NBOP Z BHPUBEPT MMFHBNPT BM QFRVFÁP SFGVHJP EF NFUBM DPOPDJEP DPNP &M *HMÈ &TP OPT TBMWÂ MB WJEB

$035&4¶"

/

/PT FOWPMWJ° MB OPDIF PTDVSB -B OPDIF EFM BM EF GFCSFSP EF MB QBTBNPT 1BDP *CBSSB Z ZP SFTHVBSEBEPT FO FM SFGVHJP DVBM O²VGSBHPT CBKP VOB GVFSUF WFO UJTDB RVF IBD½B RVF FOUSBSB MB OJFWF Z FM TPOJEP GFSP[ EF MB NPOUBÁB FO VO FTQBDJP EF QPDPT NFUSPT -B OBUVSBMF[B TBDVEJÂ TV GVSJB DPNP QPDBT WFDFT SFDVFSEB VOP FO TV WJEB "M E½B TJHVJFOUF BM BNBOFDFS BSSJCB FO MB QBSUF N²T BMUB EFM GB SBMMÂO FOUSF MBT SPDBT Z MB OJFWF WJNPT QVOUPT EF DPMPSFT RVF TF NP W½BO MFOUBNFOUF &M SFTUP EFM HSVQP OP IBC½B CBKBEP DPNP MP TVQP O½BNPT IBC½BO QBTBEP MB OPDIF FO NFEJP EF MB UPSNFOUB &O FTF NPNFOUP OP TBC½BNPT MB EJNFOTJÂO EF MB USBHFEJB *OJDJBNPT VO EFT DFOTP MFOUP BHPUBEPS Z FTQFSBO[BEP QPS WPMWFS B MPT MMBOPT QMBOPT BM DBNQBNFOUP CBTF B DBTB &TB NBÁBOB BNBOFDJÂ DPO VO CSJMMBOUF DJFMP B[VM RVF EVSÂ IBT UB FM NFEJPE½B &M E½B FNQF[BCB BT½ Z OBEJF QPES½B QSFEFDJS DPNP UFSNJOBS½B %JS¹ VOB DPTB SFOBD½ Z DSFD½ EFTEF BMM½ FO BRVFMMB QBSUF EF MB NPOUBÁB B QFTBS EF RVF FO MB OPDIF EFM *HMÈ NF TJOUJFSB DPNP VO FYUSBOKFSP DPNP TJ OP QFSUFOFDJFSB B OJOHVOB QBSUF 4J MB TVCJEB IBC½B TJEP TPMP JMVTJÂO Z FOUVTJBTNP MB UPSNFOUB NJFEP Z QVSP JOTUJOUP EF TVQFSWJWFODJB MB OPDIF SFTJTUFODJB Z EFTB [ÂO MB CBKBEB GVF VOB NF[DMB EF EFTFTQFSBDJÂO Z BZVEB NVUVB #BKBNPT DPNP QVEJNPT FO TIPDL Z TJO TBCFS BÈO RVF FTUBCB QB TBOEP 'VF IBTUB NVDIP UJFNQP EFTQV¹T RVF OPT FOUFSBNPT RVF IBC½B USFT MJTUBT GBMMFDJEPT TPCSFWJWJFOUFT Z EFTBQBSFDJEPT OPTPUSPT "M CBKBS TF RVFEÂ QFSEJEP QBSUF EF NJ FRVJQP QBSB FTDBMBS P RVJ [²T EFTEF MB UBSEF FO RVF FNQF[Â MB UPSNFOUB BT½ RVF NF RVFEF TJO GPUPT &M EFTDFOTP EFTEF FM SFGVHJP GVF N²T TFHVSP Z DPOGJBEP QPS RVF OPT BDPNQBÁÂ EVSBOUF VO CVFO USFDIP VO HSVQP EF BMQJOJTUBT EF 1VFCMB RVF MMFHÂ BM *HMÈ EVSBOUF MB OPDIF #BKBNPT FODPSEBEPT VOB CVFOB QBSUF EFM DBNJOP EF QJFESBT DPO NFOPT OJFWF Z DPO VO BJSF MJNQJP B[VM USBOTQBSFOUF FO FM RVF TF GPSNBCBO DFSDB EF MBT QBSF EFT EF SPDB SFNPMJOPT EF WJFOUP GSFTDP RVF BOJNBCBO B NPWFSTF )V CP VO NPNFOUP FO RVF OPT TFQBSBNPT 1BDP Z ZP ¹M UFO½B N²T FOFS H½B QBSB BWBO[BS N²T S²QJEP "M DPOUJOVBS MB DBNJOBUB TPMP ZB OBEB FSB UBO BQSFNJBOUF DPNP DVBOEP CBK²CBNPT FO HSVQP "IPSB FM UJFN QP USBOTDVSS½B EF PUSB GPSNB MP TFOU½B DPO PUSP SJUNP N²T MFOUP )BS¹ UPEP MP RVF QVFEB QBSB MMFHBS IBTUB BCBKP NF EFD½B QFSP BEWFSU½B RVF ZB OP UFO½B MB NJTNB GVFS[B /PT RVFEB VO USBNP MBSHP BÈO IBC½B EJDIP 1BDP BOUFT EF EF TBQBSFDFS QPS VOB DBÁBEB 5È TJHVF DSFP MF BOJN¹ TFHVSP EF RVF FTUBS½B CJFO &OUPODFT QPS QSJNFSB WF[ NJSF IBDJB BCBKP FO BCTPMVUB TPMF EBE MB MBSHB Z QSPGVOEB QFSTQFDUJWB EFM WBD½P RVF NF FTQFSBCB 4BM

*.10/&/5& 'PUP UPNBEB QPS 'SBODJTDP *CBSSB (BSJ BM FNQF[BS MB WFOUJTDB FM EF GFCSFSP EF

&O NFNPSJB EF MPT &O SFDVFSEP EF Â&M 4BCJPÃ 'FSO OEF[ EFM 7BMMF "M $IVQJT Z BM .PDIP QPS TVQVFTUP " MPT TPCSFWJWJFOUFT

Â-B NVFSUF OP FYJTUF QBSB FM IPNCSF N T RVF DPNP VO NBMFTUBS P VO UFNPS P VOB GBMMB P VO EFTUJOP JOBDBCBEPÃ )FNJOHXBZ

Â-BT BWFOUVSBT Z EFTWFOUVSBT OVODB DPNJFO[BO QPS QPDPÃ 2VJKPUF

'050 t 40$0330 "-1*/0 %& .²9*$0

3&4$"5& .PNFOUP FO FM RVF VO IFMJDØQUFSP BDVEJØ B MB [POB EF MB USBHFEJB

5&45*(04 &O &- */'03."%03 TF EJP BNQMJB DPCFSUVSB BM TVDFTP 4F QVFEFO DPOTVMUBS MPT EFUBMMFT B USBWÏT EF MB )FNFSPUFDB EF FTUB DBTB FEJUPSJBM FO MB QÈHJOB IUUQ IFNFSPUFDB JOGPSNBEPS DPN NY

ESFNPT EF FTUB NF SFQFU½B Z TFHV½ EFTQBDJP :B OP NJS¹ IBDJB BUS²T OP IBC½B B EPOEF JS DSVD¹ DPNP VO QBTP GSPOUFSJ[P MBT DBÁBEBT NFOPT FTDBSQBEBT Z DPOUJOV¹ BEFMBOUF $SF½B SFDPSEBS QPS EPOEF TF FODPOUSBCB FM DBNQBNFOUP CBTF %FTQV¹T EF VO QBS EF IPSBT MMFHV¹ B MBT QMBOJDJFT TFNCSBEBT EF NBUPSSBMFT CBKPT EF NPOUBÁB Z WJ B MP MFKPT RVF BMHVOBT GJHVSBT NF IBD½BO TFÁBMFT Z DPSS½BO IBDJB NJ FODVFOUSP DPO NVFTUSBT EF BMFHS½B Z QSJNFSPT BVYJMJPT 3FDPOPD½ SPTUSPT GBNJMJBSFT Z FOUSF MMBOUPT Z BCSB[P NF TFOU½ SFOBDJEP /P EFKBNPT EF TFÁBMBS IBDJB MPT TFOEFSPT FOSFEBEPT Z IBD½B MP BMUP CVTDBOEP BMHÈO JOEJDJP EF MPT GBMUBOUFT

|$°NP EFTDSJCJS MP WJWJEP %VSBOUF BÁPT NF BQBSFDF MB JNBHFO EF MB OJFCMB DFSSBOEP MB WJ TJÂO EFM DBNJOP JOWBEJFOEP Z BSSBTUSBOEP B VOP B PUSB EJNFOTJÂO &O DVBMRVJFS NPNFOUP FO RVF BQBSFDF OJFCMB IBTUB FM E½B EF IPZ SF WJWF BRVFM NPNFOUP FO RVF FM MBUJEP EF MB WJEB TF EFUFO½B RVF TF UF

O½B RVF SFTQJSBS B CPDBOBEBT EFTPSEFOBEBT Z RVF FM NJFEP RVF OPT JOWBEF QPE½B TFS FM EF MB BHPO½B Z QSFHVOUBSTF UBNCJ¹O TJ FT BT½ DP NP TF UFSNJOB UPEP : SFTJHOBSTF QVFT MB NVFSUF TJ MMFHB OP IBS² TJ OP QPOFS QVOUP GJOBM Z OBEB N²T 1FSP OP OP GVF BT½ QBSB UPEPT &TU²O MPT RVF BEFN²T TVGSJFSPO EF PUSB GPSNB &MMPT TPO MPT TPCSFWJWJFOUFT RVF TF RVFEBSPO BSSJ CB FOUSF MBT SPDBT BUSBQBEPT QPSRVF MB UPSNFOUB OP MFT QFSNJUJÂ WPM WFS BM SFGVHJP 1BSB VOPT TÂMP RVFEÂ FTQFSBS RVF MMFHBSB FM E½B Z DPO ¹M WPMWJFSB QFOTBNJFOUP Z WJEB 1BSB PUSPT VO USBHP MBSHP EF SPO Z MFDIF DPOEFOTBEB QBSB SFTJTUJS MB IFMBEB 1BSB PUSPT N²T OP IBC½B NBOFSB EF MPHSBS EPSNJS VO QPDP &M QFMJHSP FSB EFKBSTF JS $V¹OUFOTF PUSB WF[ TF EJKP :B OP SFTQPOEJFSPO BMHVOPT &O USBSPO FO MB OPDIF PTDVSB

.JHVFM %½B[ 3FZOPTP FT EJQMÂN²UJDP TPCSFWJWJFOUF EF MB USBHFEJB EFM *[UBDD½IVBUM

1~(*/" #

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

%PNJOHP EF GFCSFSP EF

&/53&7*45"

3*$"3%0 3"7&-0 &4$3*503

6OB JOWFTUJHBDJ¯O JOD¯NPEB 1PS 3VUI 3PNFSP

-

"$56"-*%"% 3JDBSEP 3BWFMP DPOWFSHF EJWFSTPT UFNBT EF DPZVOUVSB QPMÓUJDB EF .ÏYJDP

BT FMFDDJPOFT QSFTJEFODJBMFT MB SFDJFOUF FYUSBEJDJÂO EF #PSHF FM DBTP EF $¹TBS %VBSUF FM FTD²OEB MP EF $IJIVBIVB UPEPT FTUPT TPO MPT FMFNFOUPT RVF MF BCSFO QBTP B MB OFDFTJEBE EFM N²T SFDJFOUF MJCSP EF 3JDBSEP 3BWFMP i-PT JODÂNPEPTw VOB JOWFTUJ HBDJÂO QFSJPE½TUJDB FOUPSOP B MPT TFYFOJPT EF DVB USP FY HPCFSOBEPSFT QSJ½TUBT BDVTBEPT EF BDUJWJEB EFT JM½DJUBT DPNP MBWBEP EF EJOFSP DPSSVQDJÂO W½ODVMPT DPO FM DSJNFO PSHBOJ[BEP Z OBSDPUS²GJDP 5PN²T :BSSJOHUPO 5BNBVMJQBT &VHFOJP )FSO²O EF[ 5BNBVMJQBT 3PCFSUP #PSHF 2VJOUBOB 3PP

Z +BWJFS %VBSUF 7FSBDSV[

&M QFSJPEJTUB WFSBDSV[BOP FO FOUSFWJTUB DPO FTUF NFEJP EFUBMMB MBT DBVTBT RVF MP JNQVMTBSPO B BEFOUSBSTF EVSBOUF BMSFEFEPS EF VO BÁP FO MPT FY QFEJFOUFT EF MPT DVBUSP QPM½UJDPT NFODJPOBEPT -PT QSJNFSPT JNQVMTPT TF SFNPOUBO B iMPT FTD²OEBMPT EF MBT GVHBT RVF TF EJFSPO DPO +BWJFS %VBSUF Z 3P CFSUP #PSHF B QBSUJS EF FTUP TVSHJÂ MB JEFB EF BSNBS VO MJCSP DPO MBT IJTUPSJBT EF DÂNP GVFSPO MPT HPCJFS OPT EF FTPT QFSTPOBKFTw "EFN²T iZB FYJTU½B VO BOUFDFEFOUF RVF FT FM DBTP EF 5PN²T :BSSJOHUPO RVF MMFWBCB FOUPODFT DJODP BÁPT QSÂGVHP 5BNCJ¹O FTUBCB FM DBTP EF &V HFOJP )FSO²OEF[ RVF UBNCJ¹O ZB FSB QÈCMJDP Z UF O½B VOB TPMJDJUVE EF FYUSBEJDJÂO FO &TUBEPT 6OJEPT QFSP FO .¹YJDP FTUBCB MJCSFw 1PS FTUPT NPUJWPT QSPQPOF FM QSPZFDUP FO FEJ UPSJBM 1MBOFUB FEJUPSJBM RVF QVCMJDÂ FTUF MJCSP B GJ OFT EFM BÁP QBTBEP CBKP FM TFMMP 5FNBT EF IPZ QPS MP RVF 3BWFMP QVTP NBOPT B MB PCSB iNF QVTF B USB CBKBS FO MB DPQJB EF MB JOGPSNBDJÂO MB CÈTRVFEB EF GVFOUFT MB DPOTVMUB JOGPSNBUJWB DPO GVFOUFT Z DPO QFSTPOBT BMMFHBEBT B FMMPTw %FTQV¹T EF iNFUFSTF FO MBT FOUSBÁBT EF FTUPT DVBUSP EJGFSFOUFT TFYFOJPTw 3BWFMP PGSFDF B MPT MFD UPSFT VO SFDPSSJEP QPS iUPEPT MPT FYDFTPT FO MPT RVF JODVSSJFSPO MBT DPSSVQUFMBT MB WJEB QFSTPOBM MPT W½ODVMPT DPO FM OBSDPUS²GJDP MPT QFSTPOBKFT JNQMJ DBEPT -PHS¹ BSNBS MPT QFSGJMFT Z MBT IJTUPSJBT EF DB EB VOP EF FTUPT QFSTPOBKFT IBTUB EPOEF MB JOGPSNB DJÂO NF QFSNJUJÂ $SFP RVF TPO IJTUPSJBT CBTUBOUFT DPNQMFUBTw

$035&4¶"

6O B®P EF ¾SFQPSUFP JOUFOTP½ " 3BWFMP MF TJSWJÂ QBSB DPNQMFUBS TV JOWFTUJHB DJÂO QFSJPE½TUJDB SFTQFDUP B MPT DBTPT EF &VHFOJP )FSO²OEF[ Z 5PN²T :BSSJOHUPO MPT BÁPT RVF MBCP SÂ DPNP SFQPSUFSP QBSB 1SPDFTP B GJOBMFT EFM TJHMP QBTBEP ZB RVF iWJBK¹ NVDIP B 5BNBVMJQBT KVTUB NFOUF DVBOEP :BSSJOHUPO FSB HPCFSOBEPS NF UPDÂ EPDVNFOUBS NVDIP EF MP RVF FO BRVFM NPNFOUP TVDFE½B FO FTF &TUBEP FM OBSDPUS²GJDP MB WJPMFODJB MBT SFEFT EF FTUPT HSVQPT WJODVMBEPT DPO MB QPMJD½Bw *HVBMNFOUF EJTQPO½B EF FMFNFOUPT JOGPSNBUJ WPT NVZ QVOUVBMFT DPNP JOGPSNFT EFM '#* Z EF MB %&" "EFN²T EF B QBSUJS EF VOB FOUSFWJTUB FO DPO +PT¹ -VJT 4BOUJBHP 7BTDPODFMPT FO FTF FOUPO DFT UJUVMBS EF 4*&%0 iFODPOUSBS VOB BWFSJHVBDJÂO QSFWJB FO DPOUSB EF :BSSJOHUPO QPS DSJNFO PSHBOJ [BEP Z W½ODVMPT DPO FM OBSDPUS²GJDP %F BI½ TF QBS UF QBSB DPOTUSVJS UPEB MB IJTUPSJB RVF WJOP EFTQV¹T TVT BDVTBDJPOFT GPSNBMFT FM FYQFEJFOUF EF MB DPS UF EF 5FYBT TV GVHB EFUFODJÂO Z FM KVJDJP RVF FTU² FOGSFOUBOEP BIPSB FO *UBMJB QBSB TFS FYUSBEJUBEP B &TUBEPT 6OJEPT P B .¹YJDPw

&- */'03."%0 &- */'03."%03

0#3" &TUF USBCBKP MP MMFWØ B BEFOUSBSTF FO MPT FYQF EJFOUFT EF DVBUSP QPMÏNJDPT QPMÓUJDPT

* , Ê Ê/"+1 >À Ê6>À}>ÃÊ Ã>

>Ê«iÀVi«V Ê `iÊ >ÃÊ`À }>Ã -B $PNJTJÂO (MPCBM EF 1PM½UJDBT EF %SPHBT RVF QSFTJEJÂ FM FYNBO EBUBSJP CSBTJMFÁP 'FSOBOEP )FOSJRVF $BSEPTP Z UJFOF BIPSB DPNP EJSFDUPSB B 3VUI %SFJGVTT FYQSFTJEFOUB EF 4VJ[B FTU² JOUFHSBEB QPS QPM½UJDPT GVODJPOBSJPT JOUFSOBDJPOBMFT DJFOU½GJDPT F JOUFMFDUVBMFT EF EJWFSTPT QB½TFT EFM NVOEP Z MMFWB B DBCP EFTEF FM BÁP VOB WB MJPTB DBNQBÁB B GBWPS EF VOB QPM½UJDB N²T TFOTBUB Z SFBMJTUB FO FM EP NJOJP EFM OBSDPUS²GJDP Z FM DPOTVNP EF FTUVQFGBDJFOUFT RVF FM EF MB NFSB SFQSFTJÂO QPMJDJBM Z KVEJDJBM &O MPT TJFUF JOGPSNFT RVF IB QVCMJDBEP EFTEF RVF TF DSFÂ TVT UFOUBEPT FO SJHVSPTBT FTUBE½TUJDBT F JOWFTUJHBDJPOFT TPDJPMÂHJDBT Z DM½OJDBT IB NPTUSBEP EF NBOFSB JOFRV½WPDB MB GVUJMJEBE EF DPNCBUJS BRVFM GMBHFMP DPO QSPIJCJDJPOFT Z QFSTFDVDJPOFT RVF QFTF B MPT NJ MFT EF NJMMPOFT EF EÂMBSFT HBTUBEPT FO FMMP FO WF[ EF SFEVDJS IBO BV NFOUBEP WFSUJHJOPTBNFOUF FM DPOTVNP EF ESPHBT FO FM NVOEP BT½ DPNP MB WJPMFODJB DSJNJOBM BTPDJBEB B TV QSPEVDDJÂO Z EJTUSJCVDJÂO JMFHBMFT &O DBTJ UPEP FM NVOEP QFSP QSJODJQBMNFOUF FO "N¹SJDB -B UJOB MBT NBGJBT EF OBSDPUSBGJDBOUFT TPO VOB QMBHB RVF DBVTBO EFDF OBT EF NJMMBSFT EF NVFSUPT Z TPO TPCSF UPEP VOB GVFOUF EF DPSSVQ DJÂO RVF EFTDPNQPOFO MBT JOTUJUVDJPOFT JOGFDUBO MB WJEB QPM½UJDB EFHSBEBO MBT EFNPDSBDJBT Z OP TF EJHB MBT EJDUBEVSBT EPOEF QPS FKFNQMP FO 7FOF[VFMB CVFO OÈNFSP EF EJSJHFOUFT DJWJMFT Z NJMJUBSFT EFM S¹HJNFO FTU²O BDVTBEPT EF EJSJHJS FM OBSDPUS²GJDP "M QSJODJQJP MBT MBCPSFT EF MB $PNJTJÂO TF DPODFOUSBCBO FO "N¹ SJDB -BUJOB QFSP BIPSB TF IBO FYUFOEJEP BM NVOEP FOUFSP &M ÈMUJNP JOGPSNF RVF BDBCP EF MFFS FTU² EFEJDBEP B DPNCBUJS DPO BSHVNFO UPT QFSTVBTJWPT MB HFOFSBM QFSDFQDJÂO OFHBUJWB Z EFMJDUVPTB RVF MPT HPCJFSOPT QSPNVFWFO EF UPEPT MPT DPOTVNJEPSFT EF ESPHBT TJO FY DFQDJÂO QSFTFOU²OEPMPT DPNP EFTFDIPT IVNBOPT QSPQFOTPT BM EF MJUP EFCJEP B TV BEJDDJÂO Z QPS MP NJTNP BNFOB[BT WJWJFOUFT BM PS EFO Z MB TFHVSJEBE EF MBT TPDJFEBEFT 2VJFOFT IBO QSFQBSBEP FTUF USBCBKP IBO IFDIP VOB DVJEBEPTB JOWFTUJHBDJÂO EF MB RVF TBDBO DPO DMVTJPOFT NVZ EJTUJOUBT &O QSJNFS MVHBS MBT SB[POFT QPS MBT RVF TF

.JFOUSBT RVF FO FM DBTP EF 3PCFSUP #PSHF TF BVYJMJÂ EF MB EFOVODJB QSFTFOUBEB QPS MB 0/( 4P NPT UVT 0KPT PSHBOJ[BDJÂO RVF EPDVNFOUÂ MB DP SSVQDJÂO EF #PSHF FO 2VJOUBOB 3PP SFTQFDUP B MB WFOUB EF UFSSFOPT EF BMUB QMVTWBM½B FO $BODÈO iWFOEJEPT B QSFDJPT JSSJTPSJPTw $PO FTUF BQPZP 3B WFMP UVWP BDDFTP B MPT EPDVNFOUPT EPOEF iTF BDSF EJUB EF RV¹ NBOFSB Z B RVJ¹OFT TF WFOEJFSPO FTUPT UFSSFOPT WBMJPTPTw +VOUP DPO FTUPT TPQPSUFT JOGPSNBUJWPT JO DMVZÂ VO FKFSDJDJP RVF TVFMF IBDFS EFOUSP EF TV MBCPS QFSJPE½TUJDB JS EJSFDUBNFOUF BM USBCBKP EF DBNQP i"EFN²T EF UFOFS MB JOGPSNBDJÂO EVSB NF HVTUB JS B MPT &TUBEPT SFTQFDUJWPT Z QMBUJDBS DPO MB HFOUF MJHBEB B MPT QFSTPOBKFT TJO BOPUBS TÂMP QBSB BERVJSJS MPT FTDFOBSJPT JS WJFOEP FM BM DBODF EF MBT DPTBT TPOEFBOEP &TUP B USBW¹T EF MB QM²UJDBw (SBDJBT B UPEB FTUB MBCPS Z N²T MPHSÂ iUFOFS VO QBOPSBNB NVZ BNQMJP EF MPT FTUBEPT SFTQFDUJ WPT FO FTF UJFNQP EFTEF FM MVHBS DPO MB QFSDFQDJÂO EF MB HFOUF TPCSF FM QPEFS Z FTUPT HPCFSOBEPSFTw 4JO FNCBSHP OP UPEB MB JOWFTUJHBDJÂO GMVZÂ EF MB NJTNB NBOFSB QVFT iIBC½B FYQFEJFOUFT RVF OP TF QFSNJU½BO DPOTVMUBSMPT IVCP EJGJDVMUBEFT DPO 1(3 QPSRVF OP QFSNJUFO DPOTVMUBS DBSQFUBT EF JOWFTUJ HBDJÂO DVBOEP ¹TUBT TF FODVFOUSBO FO GBTF EF JOUF HSBDJÂOw

DPOTVNFO iTVTUBODJBT QTJDPBDUJWBTw TPO NVZ EJWFSTBT Z FO HSBO OÈ NFSP EF DBTPT QFSGFDUBNFOUF KVTUJGJDBEBT FT EFDJS EF TBMVE %F PUSP MBEP FOUSF MBT NJTNBT ESPHBT IBZ VO BCBOJDP NVZ HSBOEF SFTQFDUP B MBT DPOTFDVFODJBT RVF FMMBT UJFOFO TPCSF FM PSHBOJTNP EFTEF MB IF SP½OB DPO FGFDUPT USFNFOEBNFOUF QFSOJDJPTPT IBTUB MB NBSJIVBOB RVF IBDF NFOPT EBÁP B MPT VTVBSJPT RVF FM BMDPIPM 5PEPT MPT JOGPSNFT EF MB $PNJTJÂO WJFOFO BDPNQBÁBEPT EF QF RVFÁPT UFTUJNPOJPT EF HFOUFT EF NVZ EJWFSTB DPOEJDJÂO HSBDJBT B MPT DVBMFT TF BEWJFSUF MP BCTVSEP RVF FT IBCMBS EF iESPHBEJDUPTw FO HF OFSBM TPCSF UPEP EFCJEP B MP RVF FTUB QBMBCSB TVHJFSF EF EFHSBEB DJÂO NPSBM Z QFMJHSPTJEBE TPDJBM )BZ VOB BCJTNBM EJGFSFODJB FOUSF FM DBTP EF /JDPM²T .BOCPEF EF MB JTMB .BVSJDJP RVF B MPT BÁPT DP NFO[Â GVNBOEP NBSJIVBOB QBTÂ B JOZFDUBSTF IFSP½OB B MPT Z GVF QPS FMMP B MB D²SDFM B MPT EPOEF DPOUSBKP VOB IFQBUJUJT Z FM TJEB Z MB QPSUVHVFTB 5FSFTB RVF OP CFCF BMDPIPM QFSP TF BDPTUVNCSÂ B UP NBS BOGFUBNJOBT ¹YUBTJT -4% Z IPOHPT BMVDJOÂHFOPT Z DVZP QSP CMFNB EJDF BIPSB RVF FO 1PSUVHBM TF IB EFTDSJNJOBMJ[BEP FM VTP EF MBT ESPHBT FT FM SJFTHP RVF TJHOJGJDB DPNQSBS BRVFMMBT TVTUBODJBT FO MB DBMMF TJO TBCFS OVODB MBT NF[DMBT DPO RVF MPT WFOEFEPSFT QVFEFO EFTOBUVSBMJ[BSMBT 6O DBTP NVZ JOUFSFTBOUF FT FM EF 8JOJ NBESF EF (VJMMFSNP FO $IJMF 4V IJKP OBDJEP FO B MPT DJODP NFTFT DPNFO[Â B UFOFS DPOWVMTJPOFT RVF MF DPSUBCBO MB SFTQJSBDJÂO " MPT EPT BÁPT MPT N¹ EJDPT EJBHOPTUJDBSPO RVF FM OJÁP FSB FQJM¹QUJDP 5PEPT MPT USBUBNJFO UPT JODMVJEB VOB DJSVH½B DFSFCSBM GVFSPO JOÈUJMFT &O 8JOJ DP NFO[Â B MFFS BSU½DVMPT N¹EJDPT RVF IBCMBCBO EF VO BDFJUF EF NBSJIVBOB Z HSBDJBT B VOB GVOEBDJÂO QVEP DPOTFHVJSMP %FTEF RVF (VJMMFSNP DPNFO[Â B UPNBSMP MBT DPOWVMTJPOFT TF BUFOVBSPO EF DFSDB EF EJF[ B VOB P EPT BM E½B F JODMVTP DFTBSPO %BEB MB DPNQMJ DBDJÂO FO PCUFOFS BRVFM BDFJUF MB TFÁPSB 8JOJ DPNFO[Â B DVMUJWBS NBSJIVBOB FO TV KBSE½O BMHP RVF BVORVF OP FT JMFHBM FO $IJMF FT DBOEBMJ[BCB B TV GBNJMJB &M N¹EJDP RVF USBUBCB B (VJMMFSNP FTD¹Q UJDP BM QSJODJQJP TF DPOWFODJÂ MVFHP EF MPT FGFDUPT CFO¹GJDPT EF BRVFM BDFJUF Z MMFHÂ B FTDSJCJS VO BSU½DVMP TPCSF MB UFSBQJB QPTJUJWB RVF BRVFM UFO½B FO FM USBUBNJFOUP EF MB FQJMFQTJB 4FHÈO FM *OGPSNF MPT FTUJHNBT TPDJBMFT Z NPSBMFT RVF SFDBFO TP CSF MBT QFSTPOBT RVF VTBO ESPHBT IBDFO NVDIP N²T EJG½DJM RVF TF MJ CSFO EF FMMBT FM QSFKVJDJP RVF TF DJFSOF TPCSF FMMBT FT BTVNJEP QPS MBT QSPQJBT W½DUJNBT Z FTUB BVUPDVMQBCJMJEBE BHSBWB MB OFDFTJEBE EF SFDVSSJS B FTB BSUJGJDJBM NBOFSB EF TFOUJSTF FO QB[ DPOTJHP NJTNPT 6OB EF MBT FTUBE½TUJDBT N²T FMPDVFOUFT EF FTUF JOGPSNF FT RVF TPO QSPQPSDJPOBMNFOUF NVDIP N²T OVNFSPTBT MBT QFSTPOBT RVF TF FNBODJQBO EF MB ESPHBEJDDJÂO FO MBT TPDJFEBEFT N²T BCJFSUBT Z UPMF SBOUFT DPO TV DPOTVNP RVF FO MBT RVF MB SFQSFTJÂO TJTUFN²UJDB FT MB QPM½UJDB SFJOBOUF

%BUPT DVSJPTPT Z TPSQSFOEFOUFT %F BOUFNBOP 3BWFMP DPOPD½B B MPT QFSTPOBKFT RVF FTUBCB JOWFTUJHBOEP QPS MP RVF OP EVEÂ FO FO DPOUSBSTF DPO iDBTPT WFSEBEFSBNFOUF TPSQSFTJWPT .F MMBNBSPO NVDIP MB BUFODJÂO MBT EFDMBSBDJPOFT RVF SJOEJFSPO BMHVOPT UFTUJHPT QSPUFHJEPT FO FM DB TP EF &VHFOJP )FSO²OEF[ Z :BSSJOHUPO FT EFDJS MB GPSNB FO RVF WBO DPOUBOEP EFUBMMFT QPSNFOPSFT EF DÂNP GJOBODJBSPO MB DBNQBÁB DÂNP FOUSFHBCBO FM EJOFSP RVJ¹OFT FSBO TVT DÂNQMJDFT RV¹ QPM½UJDPT FTUBCBO JNQMJDBEPT FO FM OBSDPUS²GJDP RVJ¹OFT SF DPMFDUBCBO FM EJOFSP TVDJP DÂNP FSB MB DPNVOJDB DJÂO DPO MPT HPCFSOBEPSFT Z TVT DPMBCPSBEPSFTw "T½ FODPOUSÂ VO TJOG½O EF EFUBMMFT JNQBDUBO UFT DPOGPSNF MB JOWFTUJHBDJÂO BWBO[BCB BT½ DPNP MB DPSSPCPSBDJÂO EF RVF iUBOUP )FSO²OEF[ DPNP :BSSJOHUPO OP FSBO TJNQMFT QSPUFDUPSFT EFM OBSDP US²GJDP TJOP RVF FMMPT NJTNPT FSBO MB NBGJB -PT FY QFEJFOUFT KVOUP DPO MBT EFDMBSBDJPOFT EF UFTUJHPT QSPUFHJEPT GVFSPO NVZ JNQPSUBOUFT TJO FTUP OP TF IVCJFSB MPHSBEP VO QFSGJM DMBSP EF FMMPTw $VBOEP FM QFSJPEJTUB HBMBSEPOBEP QPS FM QSF NJP 3PEPMGP 8BMTI QPS FM MJCSP i/BSDPNFY IJTUPSJB F IJTUPSJBT EF VOB HVFSSBw QPS GJO FOUSFHÂ FM MJCSP B TV FEJUPSJBM EFUVWJFSPO B &VHFOJP )FSO²O EF[ QPS MP RVF UVWP RVF SFHSFTBS B i-PT JODÂNPEPTw QBSB IBDFS VO iBÁBEJEP SFTQFDUP B FTUF TVDFTP QPS RVF TJO FTUB QBSUF OP FTUBS½B DPNQMFUP FM MJCSPw

"VORVF MBT SB[POFT RVF FTHSJNF MB $PNJTJÂO (MPCBM EF 1PM½UJ DB EF %SPHBT QBSB QFEJS RVF DFTFO MPT QSFKVJDJPT Z DMJDI¹T RVF BDPN QBÁBO B DVBMRVJFS UJQP EF ESPHBEJDDJÂO TFBO DPOWJODFOUFT NVDIP NF UFNP RVF MB ÈOJDB NBOFSB FO RVF BRVFMMPT WBZBO DFEJFOEP TFS² MB EFTDSJNJOBMJ[BDJÂO EF MPT FTUVQFGBDJFOUFT Z B MB SFQSFTJÂO SFFN QMBDF VOB QPM½UJDB EF QSFWFODJÂO Z UPMFSBODJB %FTEF MVFHP RVF MB MF HBMJ[BDJÂO FOUSBÁB QFMJHSPT 1PS FTP FT JNQPSUBOUF RVF FMMB WBZB BDPNQBÁBEB EF DBNQBÁBT BDUJWBT RVF DPNP IB PDVSSJEP DPO FM UB CBDP JOGPSNFO B MPT DJVEBEBOPT EF MPT SJFTHPT RVF BRVFMMBT SFQSF TFOUBO Z EF VOBT QPM½UJDBT FGFDUJWBT EF SFIBCJMJUBDJÂO -BT WFOUBKBT EF UPEP FMMP TF BEWJFSUFO ZB FO MBT TPDJFEBEFT RVF IBO JEP BEPQUBO EP NFEJEBT N²T SFBMJTUBT GSFOUF B FTUF QSPCMFNB %F IFDIP MB MFHB MJ[BDJÂO BDBCBS½B DPO MB DSJNJOBMJEBE RVF FT MB QFPS EF MBT DBMBNJ EBEFT HFOFSBEBT QPS MBT ESPHBT &O QB½TFT DPNP .¹YJDP MB MVDIB EF MPT QPEFSPTPT DBSUFMFT RVF TF EJTQVUBO UFSSJUPSJPT EFKB EFDFOBT EF NVFSUPT DBEB NFT DPOUBNJOB MB WJEB QPM½UJDB DPO VOB DPSSVQDJÂO RVF EFHSBEB MB EFNPDSBDJB Z MMFOB EF [P[PCSB Z TBOHSF MB WJEB TP DJBM &MMB QFSNJUF B MPT EFMJODVFOUFT BNBTBS GPSUVOBT WFSUJHJOPTBT DPNP MB EFM GBNPTP 1BCMP &TDPCBS FM BTFTJOP Z OBSDP DPMPNCJBOP RVF BIPSB FT FM I¹SPF EF QFM½DVMBT Z TFSJBMFT UFMFWJTJWBT RVF BQMBV EF FM NVOEP FOUFSP 6OP EF MPT BSHVNFOUPT DPO MPT RVF TF TVFMF DPNCBUJS MB JEFB EF MB MFHBMJ[BDJÂO FT RVF DVBOEP FMMB UJFOF MVHBS DPNP PDVSSJÂ QPS FKFN QMP DPO MB NBSJIVBOB FO )PMBOEB QB½T QJPOFSP FO FTUF EPNJOJP BRVF MMP TVFMF TFS VO JN²O RVF BUSBF DPOTVNJEPSFT EF ESPHB EF UPEBT QBS UFT &TP PDVSSF QPSRVF MPT MVHBSFT EPOEF BRVFMMB MJCFSUBE TF QSBDUJDB TPO NVZ QPDPT FO FM NVOEP &O UPEP DBTP FTF FT VO GFOÂNFOP QBTB KFSP )BDF QPDP FTUVWF FO 6SVHVBZ Z QSFHVOU¹ RV¹ FGFDUPT IBC½B UF OJEP IBTUB BIPSB MB OVFWB QPM½UJDB FNQSFOEJEB QPS FM (PCJFSOP SFT QFDUP EF MB NBSJIVBOB -BT SFTQVFTUBT RVF PCUVWF WBSJBCBO QFSP FO HFOFSBM MB MFHBMJ[BDJÂO OP QBSFDF IBCFS FTUJNVMBEP FM DPOTVNP 1PS FM DPOUSBSJP BMHVOPT NF EJKFSPO RVF BM EFTBQBSFDFS FM UBCÈ EF MB QSPIJCJDJÂO QBSB NVDIB HFOUF KPWFO IBC½B EJTNJOVJEP FM QSFTUJHJP EFM DBOOBCJT 1PDP B QPDP FO UPEP FM NVOEP IBZ DBEB E½B N²T HFOUF RVF DP NP QSPNVFWF MB $PNJTJÂO (MPCBM EF 1PM½UJDB EF %SPHBT DSFF RVF MB NFKPS NBOFSB EF DPNCBUJS MB ESPHB Z TVT TFDVFMBT EFMJDUJWBT FT MB EFT DSJNJOBMJ[BDJÂO 6OP EF MPT NBZPSFT PCTU²DVMPT QSPWJFOF TJO EVEB DPNP MP QSPGFUJ[Â .JMUPO 'SJFENBO IBDF NVDIPT BÁPT EF RVF IPZ E½B UBOUPT NJMFT EF NJMFT EF QFSTPOBT WJWBO EF DPNCBUJSMBT

.BESJE GFCSFSP EF %FSFDIPT NVOEJBMFT EF QSFOTB FO UPEBT MBT MFOHVBT SFTFSWBEPT B &EJDJPOFT &- 1"¡4 4- Ï .BSJP 7BSHBT -MPTB

%PNJOHP EF GFCSFSP EF

1~(*/" #

&- */'03."%03 "1

, -ร ร 6 6 , ,ย ร >ร ย ย ร iร ย

ร i}ร ร >ร iร `iร ยตร iร ย ย ร ร ร iร 1BSB RVF MB WJEB NFSF[DB MB QFOB EF MMBNBSTF WJEB IBZ RVF WJWJSMB DPO PUSPT 1PS FTP QSFPDVQB MB TPMFEBE EF VO Oร NFSP DBEB WF[ NBZPS EF BODJBOPT

'035"-&;" 'VFSPO MPT JOUFSOPT RVF USBUBSPO EF IVJS UPEPT GVFSPO DBQUVSBEPT P NVSJFSPO FO FM JOUFOUP FYDFQUP USFT DVZP QBSBEFSP FT VO NJTUFSJP

&O QBTยน TFJT NFTFT WJWJFOEP FO *OHMBUFSSB Z WJ VOB DBNQBร B EF BOVO DJPT JOTUJUVDJPOBMFT RVF FTUBCBO QPOJFOEP FO UFMFWJTJร O 5SBUBCB EF MB TPMF EBE EF MPT BODJBOPT TJ BEWJFSUFT RVF FO MB QVFSUB EF FTF WFDJOP NBZPS TF BDVNVMBO MPT QFSJร EJDPT P MBT CPUFMMBT EF MFDIF QSFPDร QBUF QPS ยนM EFDยฝB VOP EF MPT NFOTBKFT : FO VOB TFHVOEB GBTF OP FTQFSFT B RVF TF BDVNVMF TV DPSSFP OP QJFSEBT VO UJFNQP RVF RVJ[ยฒ TFB GBUBM Uร NBUF FM QFRVFร P FT GVFS[P EF BDPSEBSUF EF UV WFDJOP BODJBOP "TFHร SBUF EF RVF MP WFT IBCJUVBM NFOUF -B WFSEBE MB DBNQBร B NF EFKร BENJSBEB (VBV NF EJKF RVยน DJWJ MJ[BEPT RVยน HFOVJOBNFOUF JOUFSFTBEPT QPS MPT EFTQSPUFHJEPT 1BSB DBMJCSBS NJ SFBDDJร O IBZ RVF UFOFS FO DVFOUB RVF FTF UJQP EF JOUFSWFODJPOFT Qร CMJ DBT OP FSBO NVZ IBCJUVBMFT FO MB &TQBร B EF FOUPODFT $MBSP RVF UBNCJยนO QFOTยน Z RVยน TPMFEBE IBZ FO (SBO #SFUBร By 2Vยน TPDJFEBE UBO EFTBSUJDVMB EB UBO BUPNJ[BEB QBSB RVF MPT WJFKPT RVF TF NVFSFO TPMPT TFBO VO QSPCMF NB OBDJPOBM )BO QBTBEP Bร PT Z ZB IFNPT MMFHBEP UBNCJยนO FO &TQBร B B FTB DIJ SSJBOUF TPMFEBE " MPT BODJBOPT FODFSSBEPT FO TVT DBTBT -B FTQFDUBDVMBS MPOHFWJEBE EF MPT FTQBร PMFT TPNPT MPT TFHVOEPT RVF NยฒT WJWJNPT FO FM NVOEP VOB NFEJB EF Bร PT Tร MP VOPT NFTFT QPS EFCBKP EF MPT KBQPOF TFT DPOUSJCVZF B FTF QBOPSBNB EF BJTMBNJFOUP )BZ NVDIPT OPOBHFOBSJPT B MPT RVF MFT FT NVZ EJGยฝDJM NPWFSTF Z RVF IBO TPCSFWJWJEP B UPEPT TVT BNJ HPT " TV GBNJMJB " TV ยนQPDB $PO UPEP MPT JOHMFTFT OPT TJHVFO MMFWBOEP MB EFMBOUFSB FO FM QSPCMFNB Z FO MB QSFPDVQBDJร O RVF MFT HFOFSB "DBCBO EF DSFBS VOB 4FDSFUBSยฝB EF &TUBEP QBSB MB 4PMFEBE RVF QSPCBCMFNFOUF TFB MB QSJNFSB EFM NVOEP -PT FTUVEJPT NVFTUSBO RVF OVFWF NJMMPOFT EF CSJUยฒOJ DPT WJWFO TPMPT VO EF MB QPCMBDJร O 1FSP FM EBUP WFSEBEFSBNFOUF UFSSJ CMF FT RVF NJM BODJBOPT Z BODJBOBT EF FTF QBยฝT MMFWBO NยฒT EF VO NFT TJO UFOFS VOB TPMB DPOWFSTBDJร O DPO VO BNJHP P VO GBNJMJBS &T EFDJS TJO IBCMBS DPO OBEJF BQBSUF EF RVJ[ยฒ MB DBKFSB EFM TVQFSNFSDBEP RVF FTUยฒO TJFOEP TVTUJUVJEBT QPS NยฒRVJOBT P MB FOGFSNFSB EFM DFOUSP EF TBMVE /P FT EF FY USBร BS RVF BMHVOPT NBZPSFT WBZBO UBOUP BM NยนEJDP OFDFTJUBO OP ZB RVF MPT DVJEFO P MPT TBOFO TJOP TJNQMFNFOUF RVF BMHVJFO MPT WFB &O &TQBร B IBZ VO EF QFSTPOBT RVF WJWFO TPMBT :P NJTNB GPSNP QBSUF EF FTB FTUBEยฝTUJDB : MP DJFSUP FT RVF OP FT UBO NBMP FT EFDJS OP FT OB EB NBMP TJ VOP EJTQPOF EF VO UFKJEP BGFDUJWP MP TVGJDJFOUFNFOUF GVFSUF RVF MP TPTUFOHB %F IFDIP DSFP RVF MB TPMFEBE FT VOB BTJHOBUVSB OFDFTBSJB QB SB FM EFTBSSPMMP QFSTPOBM VOP EFCF BQSFOEFS B WJWJS TPMP B FTUBS B HVTUP DPO TJHP NJTNP B QPOFS FM DFOUSP EF HSBWFEBE FO TV JOUFSJPS 4ร MP BTยฝ TF QVFEF NBEVSBS Z BMDBO[BS DJFSUB TFSFOJEBE : Tร MP BTยฝ FT QPTJCMF FTUBCMFDFS SFMB DJPOFT TFOUJNFOUBMFT FRVJMJCSBEBT Z TBOBT 4J OP TPQPSUBT FTUBS TPMP UF FO SPMMBSยฒT DPO FM QSJNFS DSFUJOP P DSFUJOB RVF BQBSF[DB : B MP QFPS BHVBOUB SยฒT VOB DPOWJWFODJB JOBHVBOUBCMF DPO UBM EF OP QFSEFS MB DPNQBร ยฝB BVORVF ยนTUB TFB Uร YJDB 1FSP QPS PUSP MBEP DMBSP TPNPT BOJNBMFT TPDJBMFT 1BSB RVF MB WJEB NF SF[DB MB QFOB EF MMBNBSTF WJEB IBZ RVF WJWJSMB DPO MPT PUSPT %JWFSTPT FTUV EJPT DJFOUยฝGJDPT IBO EFNPTUSBEP MB JNQPSUBODJB OP Tร MP EF MB DPOWFSTBDJร O Z MB SFMBDJร O JOUFMFDUVBM DPO MPT EFNยฒT TJOP EFM DPOUBDUP GยฝTJDP /FDFTJUB NPT BCSB[BS Z TFS BCSB[BEPT &TUยฒ QSPCBEP RVF VO BCSB[P EJTNJOVZF FM OJ WFM EF DPSUJTPM MB IPSNPOB EFM FTUSยนT Z MB QFSDFQDJร O EFM EPMPS /P FTUยฒ DMB SP DVยฒOUPT BCSB[PT QSFDJTBNPT BM EยฝB BMHVOPT EJDFO RVF DVBUSP PUSPT RVF PDIP /JOHVOB EF FTUBT DJGSBT UJFOF CBTF DJFOUยฝGJDB QFSP MP RVF Tยฝ TBCFNPT FT RVF OFDFTJUBNPT FM SPDF BOJNBM "IPSB QJFOTB FO FTPT NJM BODJBOPT CSJUยฒOJDPT /J QBMBCSBT OJ CFTPT 2Vยน EFTPMBEP JOGJFSOP /P Tยน DVยฒOUPT NBZPSFT IBCSยฒ FO &TQBร B FO MBT NJTNBT DPOEJDJPOFT 4FHVSP RVF EFNBTJBEPT 1PSRVF FTF FT FM QSPCMFNB QVFEFT IBCFS DVMUJWB EP GBNJMJB Z BNJHPT QFSP {Z TJ WJWFT NยฒT RVF UPEPT FMMPT {: TJ MB FEBE UF BยฝTMB .F UFNP RVF MB 4FDSFUBSยฝB EF &TUBEP CSJUยฒOJDB NBSDB FM GVUVSP IBDJB FM RVF FM NVOEP TF EJSJHF &TB TPMFEBE FT VOB FQJEFNJB EJDFO : FT WFSEBE &T VO EPMPS TPDJBM RVF Tร MP QPEFNPT QBMJBS TJ UPEPT DPMBCPSBNPT *OUFOUF NPT NJSBS DPO BMHP NยฒT EF NJNP B MPT BODJBOPT RVF OPT DBFO NยฒT DFSDB ^

ร 304" .0/5&30 &%*$*0/&4 &- 1"ยก4 4- 5PEPT MPT EFSFDIPT SFTFSWBEPT

ร :P FTDBQยฅ EF "MDBUSB[ร 6OB NJTUFSJPTB DBSUB FOWJBEB B MB QPMJDยคB BTFHVSB RVF MPT QSPUBHPOJTUBT EF MB GBNPTB IVJEB EF "MDBUSB[ FO TPCSFWJWJFSPO 1PS 1BCMP 9JNยนOF[ &M 1BยฝT

"1

-

B QPMJDยฝB EF 4BO 'SBODJTDP SFDJCJร FO VOB DBSUB NBOVTDSJUB RVF FN QF[BCB BTยฝ i.J OPNCSF FT +PIO "O HMJO &TDBQยน EF "MDBUSB[ FO KVOJP EF DPO NJ IFSNBOP $MBSFODF Z 'SBOL .PSSJT 5FOHP Bร PT Z FTUPZ FOGFSNP 5FOHP DยฒODFS 4ยฝ MP MPHSBNPT UPEPT `QF SP B EVSBT QFOBT w -P MPHSBNPT TF SFGJFSF B MB GVHB DBSDFMBSJB NยฒT GBNPTB EF &TUBEPT 6OJEPT FO FM TJ HMP 99 MB RVF FTUPT USFT QSFTPT QSPUBHPOJ[BSPO FO MB QSJTJร O TVQVFTUBNFOUF JOFYQVHOBCMF RVF TF BM [B FO VO QFร BTDP FO NFEJP EF MBT HยนMJEBT BHVBT EF MB CBIยฝB EF 4BO 'SBODJTDP &O BMHร O NPNFOUP EF MB NBESVHBEB EFM EF KVOJP EF USFT JOUFSOPT EF MB QSJTJร O EF NยฒYJ NB TFHVSJEBE EF "MDBUSB[ TF GVHBSPO B USBWยนT EF BHVKFSPT EF WFOUJMBDJร O RVF GVFSPO BHSBOEBOEP EV SBOUF NFTFT DPO DVDIBSJMMBT " MB NBร BOB TJHVJFO UF MPT HVBSEJBT FODPOUSBSPO FO MBT DBNBT DBCF[BT EF QBQFM DPO MBT RVF IBCยฝBO FWJUBEP MFWBOUBS TPT QFDIBT EVSBOUF MPT SFDVFOUPT EF MB OPDIF -B IJT UPSJB TF DVFOUB FO MB QFMยฝDVMB i-B GVHB EF "MDBUSB[w

FO MB RVF $MJOU &BTUXPPE JOUFSQSFUB B .P SSJT Z 'SFE 8BSE JOUFSQSFUB B "OHMJO FM TVQVFTUP BV UPS EF MB DBSUB .PSSJT Z MPT IFSNBOPT "OHMJO OP FSBO MPT QSJ NFSPT FO JOUFOUBSMP 1FSP TPO MPT ร OJDPT RVF KBNยฒT IBO TJEP IBMMBEPT OJ WJWPT OJ NVFSUPT MP RVF IB FT UJNVMBEP EVSBOUF DJODP EยนDBEBT MBT MFZFOEBT TPCSF TJ TPCSFWJWJFSPO B MBT DPSSJFOUFT EF MB CBIยฝB -B WFS TJร O PGJDJBM FT RVF TF BIPHBSPO "IPSB MB FNJTPSB EF MB $#4 MPDBM EF 4BO 'SBO DJTDP BTFHVSB IBCFS PCUFOJEP VOB DBSUB RVF MB QP MJDยฝB EF MB DJVEBE SFDJCJร IBDF DVBUSP Bร PT FTDSJUB QPS BMHVJFO RVF BTFHVSB TFS EF VOP EF MPT GVHBEPT +PIO "OHMJO VO MBESร O EF CBODPT RVF UFOยฝB Bร PT FO FM NPNFOUP EF MB IVJEB -B DBSUB BTFHVSB RVF UP EPT TPCSFWJWJFSPO 'SBOL .PSSJT FM DFSFCSP EFM HSVQP NVSJร FO TFHร O MB DBSUB Z $MBSFODF "OHMJO FO 5BNCJยนO BGJSNB RVF WJWJร FO 4FBUUMF USBT FT DBQBS EF "MDBUSB[ EFTQVยนT FO %BLPUB EFM /PSUF Z FO FM NPNFOUP EF FTDSJCJSMB FO FM 4VS EF $BMJGPS OJB &M BVUPS EF MB DBSUB PGSFDF VO DVSJPTP QBDUP B MPT JOWFTUJHBEPSFT i4J BOVODJBO FO UFMFWJTJร O RVF NF QSPNFUFO RVF JSยน B MB DยฒSDFM TPMP VO Bร P Z EFT QVยนT NF EBSยฒO BUFODJร O NยนEJDB MFT WPMWFSยน B FT DSJCJS EJDJFOEP FYBDUBNFOUF Eร OEF FTUPZ &TUP OP FT VOB CSPNBw 4FHร O MB FNJTPSB RVF IB QVCMJDBEP MB OPUJDJB FM '#* IJ[P VO FTUVEJP HSBGPMร HJDP EF MB DBSUB DPN QBSยฒOEPMB DPO MB MFUSB EF MPT USFT GVHBEPT RVF OP SFTVMUร DPODMVZFOUF 4F USBUB EF MB QSVFCB NยฒT SF DJFOUF RVF IB PCMJHBEP BM '#* B SFBCSJS MB JOWFTUJHB DJร O EFM MFHFOEBSJP DBTP -B PGJDJOB EF 64 .BSTIBMM VOB DVFSQP QPMJDJBM GFEFSBM BTFHVSB B MB FNJTPSB RVF B QBSUJS EF MB DBSUB OP IB QPEJEP FTUBCMFDFSTF OJOHVOB OVFWB MยฝOFB EF JOWFTUJHBDJร O &O )JTUPSZ $IBOOFM FNJUJร VO EPDVNFO UBM FO FM RVF QPS QSJNFSB WF[ MB GBNJMJB EF MPT IFS NBOPT "OHMJO DPOUBCB TV WFSTJร O Z BGJSNBCB RVF BNCPT IBCยฝBO TPCSFWJWJEP B MB IVJEB &M EPDVNFO UBM JODMVยฝB VOB GPUP RVF TVQVFTUBNFOUF NVFTUSB B MPT IFSNBOPT FO #SBTJM FO -B QSJTJร O EF "MDBUSB[ FT IPZ VO QPQVMBS EFT UJOP UVSยฝTUJDP MMFOP EF MFZFOEBT "CSJร FO Z DFSSร BM Bร P TJHVJFOUF EF MB GVHB FO &O FTF UJFNQP TFHร O MB QยฒHJOB XFC EFM '#* JOUFSOPT USBUBSPO EF IVJS FO JOUFOUPT EJTUJOUPT 5PEPT GVFSPO DBQUVSBEPT P NVSJFSPO FO FM JOUFOUP i&M EFTUJOP EF FTUPT USFT JOUFSOPT TJO FNCBSHP FT VO NJTUFSJPw

1016-"3 )PZ FO Eร B "MDBUSB[ TF IB DPOWFSUJEP FO VO TJUJP EF JOUFSร T UVSร TUJDP EFM DVBM TF DVFOUBO NJUPT Z MFZFOEBT TPCSF RVJFOFT FTUVWJFSPO QSFTPT BIร

1~(*/" #

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

&/3*26& 50644"*/5 "/"-*45" 10-¶5*$0

"/«-*4*4 "SJTUªUFMFT 4BOEPWBM BUFSSJ[B FO TV RVJOUP B¨P EF (PCJFSOP DPO VOB WBSJFEBE EF EFTBG¤PT RVF EFCF DFSSBS FO MPT QSªYJNPT NFTFT

4

%PNJOHP EF GFCSFSP EF

J FM TFYFOJP EF "SJTUÂUFMFT 4BOEPWBM GVFSB WJTUP DP NP VOB QFM½DVMB QPES½BNPT EFDJS RVF TF QVTP FNP DJPOBOUF IBTUB RVF TF BDFSDÂ B TV GJOBM )BZ VO DMB SP BOUFT Z EFTQV¹T EF MB TBDVEJEB FMFDUPSBM RVF TF MMFWÂ FM 13* FO &M QSJNFS USJFOJP TF NPWJÂ FO MBT JOUFODJPOFT MBT MVDIBT EF QPEFS JOUFSOP SVNCP B MB TVDFTJÂO Z MBT EJG½DJMFT SFMBDJPOFT DPO MB PQPTJDJÂO Z UBNCJ¹O DPO FM (PCJFSOP EF &OSJRVF 1FÁB /JFUP 1FSDJC½BNPT B VO HPCFSOBEPS TJO JOJDJBUJWB QP M½UJDB DPO OVMB JOUFSMPDVDJÂO DPO MB TPDJFEBE DJWJM Z TJO DBQBDJEBE QB SB SFDUJGJDBS DVBOEP DPNFU½B FSSPSFT " SB½[ EF MB EFSSPUB EF FO EPOEF FM 13* FOUSFHB MB ;POB .F USPQPMJUBOB EF (VBEBMBKBSB Z MB NBZPS½B FO FM $POHSFTP B .PWJNJFO UP $JVEBEBOP "SJTUÂUFMFT 4BOEPWBM DPSSJHJÂ FO EJTUJOUBT ²SFBT RVF IBC½BO TVQVFTUP EFTHBTUF QBSB TV BENJOJTUSBDJÂO MB 'JTDBM½B (FOF SBM EFM &TUBEP MB 4FDSFUBS½B EF .PWJMJEBE MB $PNVOJDBDJÂO 4PDJBM &M SFTVMUBEP FT RVF B NFTFT EF DVMNJOBS TV TFYFOJP FM BDUVBM HP CFSOBEPS UJFOF BQSPCBDJÂO QPTJUJWB EF BDVFSEP DPO MB FODVFTUB QV CMJDBEB QPS .VSBM Z ;POB /PUJDJBT EJTUJOUB B MP RVF QSFTFOUBO PUSPT NBOEBUBSJPT EF TV QBSUJEP Z UPEBW½B DPOTFSWB MB JOJDJBUJWB QP M½UJDB &T QBMQBCMF MB EJGFSFODJB DPO 1FÁB /JFUP RVF TF NVFWF FOUSF MB JOEJGFSFODJB Z MB NPGB "T½ B NFTFT EF DVMNJOBS TV TFYFOJP UP EBW½B FT JNQPSUBOUF MP RVF UFOHB RVF EFDJS FM HPCFSOBEPS MP WJNPT FO FM EFCBUF TPCSF MB IPNPMPHBDJÂO EF MPT TBMBSJPT B MPT QPMJD½BT FO MB TFNBOB RVF IPZ DPODMVZF 6O QPM½UJDP TJFNQSF UJFOF RVF HBOBSTF FM EFSFDIP B TFS FTDVDIBEP DPNP EJDF .JDIBFM *HOBUJFGG FO TV HSBO UFYUP iGVFHP Z DFOJ[BTw &T DJFSUP KV[HBS VOB MBCPS EF DJODP BÁPT TJFNQSF OPT PCMJHB B JOUSPEVDJS NBUJDFT Z FYQMJDBDJPOFT $VBMRVJFS PQJOJÂO BCTPMVUB DP SSF FM SJFTHP EF QBTBS QPS BMUP BMHVOPT EBUPT QSJWJMFHJBOEP PUSPT 4JO

&M EFTFOMBDF FNCBSHP B DJODP BÁPT EF TV BENJOJTUSBDJÂO FT PCMJHBEP IBDFS VOB WBMPSBDJÂO EF TV HFTUJÂO FO DJODP UFNBT TFHVSJEBE Z WJPMFODJB NP WJMJEBE FNQMFP EFTBSSPMMP FDPOÂNJDP Z DPNCBUF B MB QPCSF[B DPN CBUF B MB DPSSVQDJÂO Z QPS ÈMUJNP FTUBCJMJEBE EF MBT GJOBO[BT QÈCMJ DBT &O TFHVSJEBE MB BENJOJTUSBDJÂO EF "SJTUÂUFMFT 4BOEPWBM FOUSF HB NBMBT DVFOUBT B MB TPDJFEBE KBMJTDJFOTF -PT EBUPT TPO DPOUVOEFO UFT &O IPNJDJEJPT +BMJTDP DVMNJOÂ FM TFYFOJP EF &NJMJP (PO[²MF[ .²SRVF[ DPO IPNJDJEJPT FO QSPNFEJP FT EFDJS QPS E½B &O DPOUSBQPTJDJÂO MB &OUJEBE DPODMVZÂ DPO VO QSPNFEJP EF IPNJDJEJPT NFOTVBMFT QPS E½B &M QSPZFDUP EF 'JTDBM½B UBNQPDP EJP SFTVMUBEP %F BDVFSEP DPO MPT EBUPT EF +VSJNFUS½B PSHBOJ[BDJÂO OP HVCFSOBNFOUBM FTQFDJBMJ[BEB FO JOWFTUJHBDJPOFT TPCSF QSPDVSB DJÂO EF KVTUJDJB MB 'JTDBM½B (FOFSBM EF +BMJTDP FT VOB EF MBT QFPSFT EFM QB½T EF ZB RVF TPMBNFOUF VOP EF DBEB EFMJUPT TF EFOVO DJB Z UFSNJOBO FO VOB TFOUFODJB &O .PWJMJEBE "SJTUÂUFMFT 4BOEPWBM IB IFDIP N²T RVF DVBMRVJFS HPCFSOBEPS BOUFSJPS QFSP FM USBCBKP FTU² B NFEJBT &T DJFSUP UFOESF NPT MB -½OFB EFM 5SFO -JHFSP RVF OP FT DPTB NFOPS VOB -FZ EF .PWJMJEBE DPO EJFOUFT VOB BQVFTUB QPS MB 3VUB &NQSFTB Z QSPZFD UPT EF FOWFSHBEVSB FO NBUFSJB EF TFHVSJEBE WJBM DPNP FM GBNPTP iUP SJUPw 4JO FNCBSHP IBTUB FM NPNFOUP MB USBOTGPSNBDJÂO RVF QSPNF UJÂ FM HPCFSOBEPS EFTEF TV EJTDVSTP JOBVHVSBM TF FODVFOUSB B NFEJP DBNJOP FM NPEFMP FNQSFTBSJBM FM QSFQBHP MB BSUJDVMBDJÂO -PT DJ

NJFOUPT TF QVFEFO EFTNPSPOBS DPO GBDJMJEBE &NQMFP EFTBSSPMMP FDPOÂNJDP Z DPNCBUF B MB QPCSF[B TPO MPT SVCSPT FO EPOEF FM HPCFSOBEPS QVFEF TBDBS QFDIP VO MVTUSP EFTQV¹T EF IBCFS UPNBEP FM DBSHP &T DJFSUP RVF IBZ NVDIPT DMBSPTDVSPT FO NBUFSJB EF TBMBSJPT Z QPEFS BERVJTJUJWP EF MPT KBMJTDJFOTFT QFOEJFO UFT JOOFHBCMFT Z RVF BOBMJD¹ FO FM UFYUP iEFUS²T EF MB FVGPSJBw EFM EF FOFSP QBTBEP QFSP FM DBNCJP EF UFOEFODJB FT JOOFHBCMF B MB MV[ EF MPT JOEJDBEPSFT $VBOEP "SJTUÂUFMFT 4BOEPWBM MMFHÂ B MB TJMMB KBMJTDJFOTFT DB½BO FO QPCSF[B QPS E½B NJFOUSBT RVF IPZ DJVEBEB OPT EF +BMJTDP TBMFO EF MB QPCSF[B DBEB IPSBT &T VO DBNCJP EF UFOEFODJB Z BVORVF OP TBCFNPT EF MB TPTUFOJCJMJEBE B NFEJBOP Z MBS HP QMB[P MB SFEVDDJÂO EF QPCSF[B FYUSFNB QBSUJDVMBSNFOUF FT U² FO MPT EBUPT RVF QSPWFF QFSJÂEJDBNFOUF FM $POFWBM : FO FNQMFPT FM (PCJFSOP EFM &TUBEP QVTP MBT DPOEJDJPOFT OFDFTBSJBT QBSB RVF TF HFOFSBSBO NJM OVFWPT QVFTUPT EF USBCBKP GPSNBMFT BOUF FM *.44 -B QSFDBSJFEBE MBCPSBM TJHVF BI½ Z FM HPCFSOBEPS FTU² PCMJHBEP B EBS VOB SFTQVFTUB FO FM UJFNQP RVF MF RVFEB FO FM DBSHP &O FM DPNCBUF B MB DPSSVQDJÂO MB BENJOJTUSBDJÂO EF "SJTUÂUFMFT 4BOEPWBM BSSPKB SFTVMUBEPT QPDP BMFOUBEPSFT QFSP JOUFODJPOFT RVF OBWFHBO FO MB W½B DPSSFDUB 1PS VO MBEP FM QSPQJP &KFDVUJWP IB BDPN QBÁBEP BM $POHSFTP FO MB DPOTUSVDDJÂO EF VO 4JTUFNB "OUJDPSSVQ DJÂO BVUÂOPNP Z DPO HBSBOU½BT EF DPNCBUF B MB JNQVOJEBE 5BOUP FO MB FMFDDJÂO EFM GJTDBM DPNP FO MPT OPNCSBNJFOUPT EF MPT DBSHPT RVF JOUFHSBO FM QSPQJP $PNJU¹ $PPSEJOBEPS MP RVF DPOUSBTUB DPO MBT SF TJTUFODJBT EF BMHVOPT NBOEBUBSJPT FO PUSBT &OUJEBEFT 'FEFSBUJWBT 4JO FNCBSHP FM BDUVBM NBOEBUBSJP QPDP IB IFDIP QBSB QFSTFHVJS MB DPSSVQDJÂO EFM TFYFOJP BOUFSJPS Z UBNQPDP IFNPT TBCJEP OBEB EF MBT JSSFHVMBSJEBEFT EFM TFYFOJP RVF FODBCF[B {2V¹ QBTÂ DPO MPT NP DIFT {4BCFNPT FYBDUBNFOUF RV¹ QBTBCB DPO FM EJOFSP EF "VUP 5SBGGJD MB FNQSFTB RVF PQFSB FM NPEFMP EF GPUP NVMUBT {2V¹ QBTB DPO FM EFTPSEFO BENJOJTUSBUJWP FO 4BMVE -B SFOEJDJÂO EF DVFOUBT FO FTUPT DBTPT IB TJEP NVZ FTDBTB -BT GJOBO[BT QÈCMJDBT TF IBO FTUBCJMJ[BEP JOEVEBCMFNFOUF /P TPZ EF MPT RVF DSFF RVF MB TJUVBDJÂO EF MBT GJOBO[BT QÈCMJDBT EVSBOUF FM TFYFOJP EF &NJMJP (PO[²MF[ FSB UBO ESBN²UJDB 4½ DPOTJEFSP RVF IVCP NVDIB EJTDSFDJPOBMJEBE FO FM HBTUP QBOBNFSJDBOP Z TF BDDFEJÂ DPO GBDJMJEBE B MB EFVEB QBSB TVQMJS MBT EFGJDJFODJBT EFM HBTUP QÈCMJ DP &M DS¹EJUP RVJSPHSBGBSJP FT VO FKFNQMP 1PS MP UBOUP MB BENJOJTUSBDJÂO EF "SJTUÂUFMFT 4BOEP WBM QVTP FO PSEFO MB DBTB Z MB EFVEB TF NBO UJFOF QPS EFCBKP EFM EFM QSFTVQVFTUP EFM &TUBEP MP RVF FT NBOFKBCMF EF DBSB BM GV UVSP 'VF VO HPCJFSOP SFTQPOTBCMF FO FTUF TFOUJEP 4J QFOT²SBNPT FO VO QBSUJEP EF GÈUCPM QPES½BNPT EFDJS RVF "SJTUÂUF MFT 4BOEPWBM DPOTUSVJS² MP N²T TÂMJEP EF TV MFHBEP FO MPT ÈMUJNPT NJOV UPT EFM QBSUJEP %FQFOEF EF MB FGJDBDJB QBSB UPNBS EFDJTJPOFT RVF EFTUSBCF MPT OVEPT HPSEJBOPT RVF UJFOF FO NB UFSJB EF NPWJMJEBE FO FM NPEFMP EF TF HVSJEBE Z QSPDVSBDJÂO EF KVTUJDJB BT½ DPNP DPO MP GJSNF RVF TF NVFTUSF GSFOUF B MPT DBTPT EF DPSSVQDJÂO QÈCMJ DB %F MB NJTNB NBOFSB EF MB WPMV OUBE QPM½UJDB RVF UFOHB QBSB DPOTUSVJS VOB SV UB EF BDVFSEPT MVFHP EF MBT FMFDDJPOFT EF KVMJP Z IBZB VO HPCFSOBEPS FMFDUP "SJT UÂUFMFT UJFOF DBQJUBM QPM½UJDP WFSFNPT TJ MP VUJMJ[B QBSB SFTPMWFS MP RVF UJFOF B NFEJBT P TJ QSFGJFSF BUFTPSBSMP EFCBKP EF MB BMNPIBEB

*-6453"$*»/ t &- */'03."%03 + -»1&;

, "Ê Ê1 Ê -* / ",

8* ", "Ê Ê 1 "

Õ> Ê*> >À "UNPTG¹SJDBT 5PSNFOUB EF JOWJFSOP $PO VO ½OUJNP HP[P FM RVF QBTB BHSBEFDF MPT E½BT EF BJSFT IFMBEPT Z MMVWJBT FSSBCVOEBT RVF BSSF CVKBO CSFWFNFOUF B MB DJVEBE "DPSEBDJÂO EF ²OJNPT UFNQMF SFOPWBEP QBSB EJTUJOHVJS MBT FTUBDJPOFT Z FODPOUSBSMF N²T FWJEFOUF Z IPO EP TFOUJEP BM US²OTJUP EF MPT E½BT 1PSRVF DVBOEP MBT KPSOBEBT B GVFS[B EF OVFTUSB CF OFWPMFOUF NFUFPSPMPH½B TF QBSFDFO UBOUP VOBT B PUSBT MB WJEB UJFOEF B QFSEFS TV SFMJF WF B BDIBUBSTF Z TFS N²T JOTBCPSB &M WJFKP KBSEJOFSP EB PUSB MFDDJÂO EF DÂNP WFTUJSTF DPO FYBDUB FMFHBODJB QBSB MPT DMJNBT DBN CJBOUFT BDVFSEB FM SJUNP EF TVT USBCBKPT B MP RVF FM BJSF MF QJEF Z NJSB DPO DVJEBEP MPT WJ SBKFT RVF FM KBSE½O UPNB SVNCP B MB QSJNBWF SB UPEBW½B EJTUBOUF

1JOL 'MPZE MJWF BU MB 1FUBUFSB &M BOUFDF EFOUF TF SFNPOUB B DVBOEP MB TVQFSCBOEB UP DÂ -JWF BU 1PNQFJJ IBDF DBTJ NFEJP TJ HMPy1PS BMHVOB SB[ÂO (JMNPVS Z 8BUFST OP TVQJFSPO SFTJTUJS B MB QPUFODJB EF FTF DJSDP JO NFNPSJBM RVF DBEB BÁP $PMJNB MFWBOUB QBSB MB GJFTUB MB TBOHSF Z FM HP[P 3FDPODJMJBEPT MMFHBSPO DPO SFWFSFODJB BM MVHBS EPOEF VO D½S DVMP VOJWFSTBM GPSNBEP EF OPCMFT NBEFSPT Z QFUBUFT EPSBEPT SPEFB B VO JOWJTJCMF MBCFSJO UP EF USBZFDUPSJBT Z MBODFT Z DPOWPDB B MB BV HVTUB NBKFTUBE EF MPT WPMDBOFT B MB DFSFNP OJB DPO FM UPSP RVF 5FTFP DVNQMJÂ IBDF NVDIP Z NVZ MFKPT QFSP RVF FT BRV½ Z BIPSB IJD FU OVOD 1VFEFO TFS FM 7FTVCJP UFSSJCMF P FM /FWBEP Z FM 7PMD²O EF $PMJNB QPUFOU½TJ NPT 1VFEF TFS FM OPCMF BOGJUFBUSP EF QJFESB P FM SVFEP EF QBMNBT Z NBEFSPT -B MMBNBEB FT MB NJTNB 4ÂMP MPT FTDFOBSJPT DBNCJBO MPT QFSTPOBKFT TPO MPT NJTNPT VO UPSP VO IPN CSF DBNJOBOEP BM GJMP EF MB NVFSUF VOB BSRVJ UFDUVSB RVF BMCFSHB FM SJUVBM MPT QPFUBT Z MPT NÈTJDPT RVF FOUJFOEFO SFWFSFODJBO Z DFMF CSBO &T QPS FTP RVF BIPSB BOUF FM HSBEFS½P WB D½P EF MB 7JMMB EF MWBSF[ QPDP B QPDP MB CBO EB FODVFOUSB TV MVHBS UFSNJOB EF BKVTUBS MPT JOTUSVNFOUPT Z BUBDB DPO MB QJF[B KVTUB RVF UFSNJOB EF BOVEBS B 1PNQFZB DPO $PMJNB

Õ iÀ Ê i > >ÀÞ

· >ÞÊ` viÀi V >Êi ÌÀiÊ ÃÊVi ÃÊ >ÃVÕ ÃÊ ÞÊvi i ö

&DPT -PT TPOJEPT TF WBO BM[BOEP FM TJOUF UJ[BEPS NBSDB MBT QBVUBT MB HVJUBSSB QVO UÈB MB QSPHSFTJÂO MB 1FUBUFSB TF WVFMWF N²T EPSBEB Z MPT MVHBSFÁPT B[PSBEPT PZFO MPT FDPT RVF DSFDFO Z RVF TF FOSFEBO BIPSB DPO MB WP[ EF +VBO 3VMGP DVBOEP QSPOVODJBCB FM OPNCSF NBHO¹UJDP EF $PNBMB )BTUB RVF MB QMB[B MJWJBOB DPNJFO[B B FMFWBSTF HJ SBOEP NVZ MFOUBNFOUF &T BIPSB VOB OBWF B MB RVF QSPQVMTB VOB NÈTJDB JNQPTJCMF Z RVF GMPUB SVNCP BM WPMD²O UBO DFSDBOP -PT NÈTJDPT FKFDVUBO TVT BDPSEFT Z QJTBO TPCSF VO SVFEP EF BJSF &YUSBÁBNFOUF MPT TPOJ EPT OP TF BMFKBO DPNP TJ QVEJFSBO JOWBEJS UPEB MB WBTUB MBEFSB FO VO JNQPTJCMF KVFHP BDÈTUJDP -B 1FUBUFSB TF WVFMWF N²T QFRVF ÁB NJFOUSBT TF BMFKB SVNCP B MB DSFTUB EFM WPMD²O QPS BIPSB RVJFUP IBTUB RVF FM QMBUJ MMP EF PSP MFWJUB BM DFOUSP NJTNP EFM DS²UFS

: MPT FDPT TJHVFO #BKBO B 5POBZB Z 5P MJN²O B 5VYDBDVFYDP Z 4BO .BSDPT P 5F DPN²O B 4BO (BCSJFM Z IBTUB 5BQBMQB B 4B ZVMB Z 6YNBKBD B "UPZBD B ;BDPBMDP Z 4BOUB "OB "DBUM²OyZ IBZ RVJFO EJDF IBCFS P½EP VOB UPOBEB FYUSBÁB FO MP BMUP EF MBT DB MMFT EF (VBEBMBKBSB P TPCSF MBT QMBZBT EF 4BOUJBHP 5BM FT FM QPEFS½P EF VOBT BSRVJ UFDUVSBT UBM FT MB GBDVMUBE EFM KVHMBS Z UBM FT MB SFTPOBODJB DÂTNJDB EF VOB DFSFNPOJB RVF TF DVNQMF EFTEF FM JOJDJP EF MPT UJFN QPT MPT IPNCSFT RVF TF SFÈOFO FO UPSOP B VOB MVNCSBEB IFDIB EF TJHOPT Z TPOJEPT Z QPS VOPT NPNFOUPT TF TBCFO JONPSUBMFT

-B FTQM¹OEJEB GPUPHSBG½B FT EF 3BGBFM 1¹SF[ 'FSO²OEF[

$POUJOVBDJÂO FO XXX JOGPSNBEPS DPN NY

"QBSFOUFNFOUF OP QBSFDFO FYJTUJS EJGFSFODJBT TJHOJGJDBUJWBT QFSP VO BO²MJTJT N²T QSPGVOEP OPT IB QFSNJUJEP FODPOUSBS BMHVOBT TVUJMFT DB SBDUFS½TUJDBT RVF QFSNJUFO DPNQSFOEFS RVF T½ MBT IBZ &O BNCPT TF FODVFOUSB FM TFOUJEP EF UFSSJUPSJBMJEBE Z MB DMBSB UFO EFODJB B RVFSFS EFNPTUSBS DVJEBEP Z QSPUFDDJÂO B MP RVF TF DPOTJEF SB DPNP QSPQJP " FTUBS WJHJMBOUF Z BUFOUP B OP TFS EFTQPKBEP EFM BGFD UP Z DBSJÁP RVF TF DPOTJEFSB DPNP BMHP FYDMVTJWP : TPCSF UPEP B EFTBSSPMMBS MB JOTFHVSJEBE Z FM UFNPS EF RVF QVFEB MMFHBS FM NPNFO UP EF QFSEFSMP Z RVF TPCSF UPEP WFOHB BMHVJFO N²T B PDVQBS FM MVHBS RVF TF TVQPOF FT ÈOJDP F JOTVTUJUVJCMF 5BNCJ¹O MPT EPT DPNQBSUFO MB WVMOFSBCJMJEBE EF GBOUBTFBS F JNB HJOBS IJTUPSJBT TPCSF MP RVF FM PUSP QVFEB FTUBS IBDJFOEP DPO PUSBT SFMBDJPOFT Z FTP OVUSJS N²T TV JOTFHVSJEBE Z BOHVTUJB {&OUPODFT FO EÂOEF QVFEFO FTUBS MBT TVUJMFT EJGFSFODJBT .JFOUSBT RVF MPT IPNCSFT TJFOUFO RVF TÂMP PUSP IPNCSF MFT QVF EF WFOJS B RVJUBS BM BNPS EF TV WJEB MBT NVKFSFT UJFOFO DFMPT EF UPEP DVBOUP MBT IBHB TFOUJS VO iQMBUP EF TFHVOEBw QVFT MBT DFMPTBT OP TP QPSUBO FM RVF TV BNBEP QPOHB BUFODJÂO FO BMHP P BMHVJFO N²T RVF OP TFBO FMMBT &T VOB DVFTUJÂO DVMUVSBM TJ VTUFEFT HVTUBO QFSP MBT NVKFSFT QVFEFO UFOFS DFMPT IBTUB EFM GÈUCPM P EF TVT BNJHPUFT &O DBNCJP FO MPT WBSPOFT TVT DFMPT TF DFOUSBO FO RVF FMMBT QVFEBO UF OFS BNPS½PT Z SFMBDJPOFT DPO PUSPT BNJHPT Z DPNQBÁFSPT TPCSF UP EP B FTDPOEJEBT 1VFT RVJFSF TFOUJSTF TJFNQSF BUFOEJEP QPS FMMB .VDIPT IPNCSFT OP TPQPSUBO MB QSFTFODJB Z BENJSBDJÂO RVF QVFEB UFOFS TV QBSFKB DPO PUSP IPNCSF Z EF JONFEJBUP MF QSPWPDB BHSFTJWJEBE Z WJPMFODJB B MB NVKFS NJTNB P BM RVF DPOTJEFSB TV DPO USJODBOUF &O DBNCJP MBT NVKFSFT TJ TF MMFHBO B FOUFSBS EF BMHVOB JOGJEFMJEBE P TJ OPUBO RVF TV IPNCSF UJFOF JOUFS¹T QPS BMHVJFO P BMHP N²T FOUPODFT MP RVF N²T MFT EB SBCJB FT MB GBMUB EF TJODFSJEBE Z MB NFOUJSB FO MBT SFTQVFTUBT DVBOEP JOUFSSPHBO -P RVF MFT QSPEVDF NV DIP DPSBKF Z BHSFTJWJEBE -PT IPNCSFT OP TF EBO DVBOUB G²DJMNFOUF EF MPT QPTJCMFT BNP S½PT EF TVT QBSFKBT BVORVF DVBOEP TF EBO DVBOUB EF BMHP TF EFTQJFS UB EF JONFEJBUP MB GBOUBT½B DFMPU½QJDB Z MB WJPMFODJB &O DBNCJP MBT NVKFSFT TPO TÈQFS TFOTJCMFT Z OPUBO EF JONFEJBUP NVDIPT EFUBMMFT RVF QPS JOUVJDJÂO EFTDVCSFO NVZ QSPOUP 1VFT BEFN²T TF DPOWJFSUFO FO FYQFSUBT EFUFDUJWFT $POUJOVBSFNPT DPO ¹TUB JOEBHBDJÂO

%PNJOHP EF GFCSFSP EF

Ê /1, -ÊÊ 6 , >À >Ê*> >À

'BWPS MF IBS½B FM "ZVOUBNJFOUP EF (VBEBMBKBSB B MB "MDBME½B EF 1B S½T TBD²OEPMB EF VO CSFUF RVF FO FTUBT MBUJUVEFT N²T JMVTUSBEBT OVO DB IB TJEP QSPCMFNB QBSB MPT NVO½DJQFT #BTUBS½B FOWJBSMFT VO BHVF SSJEP EFTUBDBNFOUP EF EPT P USFT SFHJEPSFT DPO GPUPT FO TVT DFMVMBSFT QBSB FOTFÁBSMFT DÂNP TF MF IBDF QBSB QMBOUBS VO NPOPUF BI½ EPOEF TFB W HS TPCSF "MDBMEF FOUSF 3FGPSNB F *OEFQFOEFODJB iOPN²T N½EBOMF RVF RVFEF B NFSP FONFEJP Z ZBw

1FSP B MPT QBSJTJOPT MPT QPCSFT TF MFT IBDF CPMBT FM FOHSVEP DPO HSBO GBDJMJEBE QPS DPTBT RVF BRV½ OP MF IBDFO BM DBCJMEP OJ MP RVF FM WJFOUP B +V²SF[ 3FTVMUB RVF BM BSUJTUB HSJOHP +FGG ,PPOT GBNPT½TJNP PDVSSJÂTF MF EPOBS B 1BS½T VOB FTDVMUVSB NPOVNFOUBM VOPT EJF[ NFUSPT EF BM UP UPOFMBEBT EF CSPODF FO IPNFOBKF B MBT W½DUJNBT EF MPT BUFOUBEPT UFSSPSJTUBT EF OPWJFNCSF EF 4F MMBNB 3BNP EF UVMJ QBOFT Z FT VOB NBOPUB RVF TPTUJFOF MP RVF TF TVQPOF RVF TPO GMPSFT

1~(*/" #

&- */'03."%03

· `iÊ « i ÃÊi Ê ¶ N²T CJFO QBSFDFO NBMWBWJTDPT EF DPMPSFT QBTUFM 4½ FO TFSJP TF QVFEF WFS FO JOUFSOFU "MCPSPUÂTF MVFHP MVFHP MB BMDBMEFTB EF 1BS½T VOB DIJDB ZF Z¹ RVF TF MMBNB "OOF )JEBMHP RVF ÈMUJNBNFOUF QVTP VOB FYQPTJDJÂO EF IP NFOBKF BM $I¹ (VFWBSB RVF NPMFTUÂ B MPT QBSJTJOPT RVF EF QMBOP OP BHVBOUBO OBEB "OOF BDFQUÂ FODBOUBEB MBT DPOEJDJPOFT EFM BSUJTUB RVF ¹M iSFHBMBCBw MB FTDVMUVSB QFSP FTDPH½B FM MVHBS QBSB QPOFSMB Z FM DPO USJCVZFOUF TF QPO½B DPO MB QSPEVDDJÂO Z MB JOTUBMBDJÂO EF MB FTUSBNBO DJB BM UFOPS EF VOPT NJMMPOFT EF FVSPT &M TFÁPS ,PPOT MJTUP ¹M EF DJEJÂ RVF RVFS½B HBOBS MB JONPSUBMJEBE FO MB $JVEBE -V[ OJ N²T OJ NFOPT RVF FO MB FYQMBOBEB FOUSF FM .VTFP EF "SUF .PEFSOP Z FM 1BMB DJP EF 5PLJP FO VOB QMB[B FTDBMPOBEB KVOUP BM 4FOB DPOTUSVJEB QBSB MB &YQPTJDJÂO 6OJWFSTBM EF DPO NBHO½GJDB WJTUB EF MB UPSSF &JGGFM : BSEJÂ 5SPZB -PT TVCWFSTJWPT QBSJTJOPT B EJGFSFODJB EF MPT DJWJMJ[BEPT UBQB

9 ,Ê

" >À ÃÊ À }Õi

º ià À`i Ê> i Ì V » &T JODSF½CMF MB DBOUJEBE EF FYQFSUPT DPO RVF DPO NP EF USFJOUB BÁPT B QFTBS EF RVF MPT IVNBOPT WJWJNPT QBSFDJFSB RVF FO FTUF NVOEP ZB OP RVF EF FTB ¹QPDB JHOPSBCBO DBTJ BCTPMVUBNFOUF UP EB HFOUF iDPNÈO Z DPSSJFOUFw OP ZB UPEP NVOEP EBT MBT BNFOB[BT RVF IBC½B TPCSF TV WJEB 6OB FT FYQFSUP TJ CJFO DPO EJWFSTPT HSBEPT EF TBCJ TFÁBM EF WJSJMJEBE FSB OP DPSSFS MB DBODJÂO EJ EVS½B RVF WB EFTEF FM TJNQMF FYQFSUP FM TVQFS FY DF i ZP OP TPZ DS½B EF DPSSFMPOFTw Z BIPSB MPT FY QFSUP FM NFHB FYQFSUP Z SFDPOUSB NFHB FYQFSUP QFSUPT IBO EFTDVCJFSUP RVF DPSSFS FT CVFO½TJNP IBTUB MMFHBS B MB DBTJ EFJEBE BCTPMVUB : E½HBNF Z B MB NFKPS QPS FTP BIPSB FM QSPNFEJP EF WJEB FT TJ OP TJNQMFNFOUF QSFOEB VTUFE TV UFMFWJTPS FTF DPNP EF TFUFOUB BÁPT 1FSP FM UFNB RVF IB SPUP UPEBT IPSSJCMF BQBSBUP RVF TFHÈO NVDIPT MBT SFHMBT FT FM UFNB BMJNFOUJDJP FO EF FTUPT FYQFSUPT EJDFO RVF FT FO DJFOEB MB UFMF Z OP UBSEBS² OBEB FO USF PUSBT DPTBT NBOJQVMBEPS EF 9Ê` }> iÊÃ Ê ]Ê BQBSFDFS FO DVBMRVJFSB EF TVT OJWF DPODJFODJBT JOTUSVNFOUP EF BMJF à « i i ÌiÊ«Ài `>Ê MFT BMHÈO FYQFSUP FO DVFTUJPOFT EF OBDJÂO NBMFEVDBEPS EF OJÁPT DB KB JEJPUB Z PUSBT MJOEF[BT IBZ RVF ÕÃÌi`ÊÃÕÊÌi iÛ Ã À]ÊiÃiÊ DPNJEB Z FO EFTDVCSJS RVF MPT NFYJ IBDFS OPUBS RVF FM OP UFOFS UFMFWJ ÀÀ L iÊ>«>À>Ì ÊµÕiÊ DBOPT FTUBNPT WJWPT EF NJMBHSP OP FT QPTJCMF RVF DPNJFOEP DPNP DP TPS P FM BGJSNBS RVF OP TF NJSB EB VO DJFSUP UPRVF EF JOUFMFDUVBMJ Ãi}Ö Ê ÕV ÃÊ`iÊiÃÌ ÃÊ NFNPT TJHBNPT DPO WJEB Z FT RVF EBE QFSP RVF TFBNPT TJODFSPT B iÝ«iÀÌ ÃÊ` Vi ʵÕiÊiÃ]Ê MB WJEB UBQBU½B TF CBTB GVOEBNFOUBM NFOUF FO VO QSPCMFNB BMJNFOUJDJP NVDIPT NVDI½TJNPT NJFNCSPT i ÌÀiÊ ÌÀ>ÃÊV Ã>Ã]Ê EFTQV¹T EF MB OBWJEBE Z EF EJDJFN EFM HMPSJPTP JOGFMJ[BKF OPT FODBOUB CSF FO RVF MB NBZPS½B EF MPDBMFT TF Z FM HSBO BUSBDUJWP FT RVF MB UFMF QB > «Õ >` ÀÊ`iÊ FOGSFOUB DPO MPT BMJNFOUPT TJO GJKBS SFDF TFS VO BQBSBEPS EF FYQFSUPT BDBE¹NJDPT Z FTQFDJBMJTUBT DVZB V V i V >Ã]Ê ÃÌÀÕ i Ì Ê TF FO TJ TF JOHJFSFO BMJNFOUPT TJO CF UB DBSPUFOP Z MMFOPT EF SBEJDBMFT MJ TBQJFODJB EFKP B MB TBCJB PQJOJÂO EF `iÊ> i >V ]Ê CSFT Z B QFTBS EF FMMP JOJDJBNPT FM NJ TPMJUBSJP MFDUPS Z EF QBTBEB OP NF FDIP MB SFTQPOTBCJMJEBE EF PQJ > i`ÕV>` ÀÊ`iÊ Ã°°° BÁP DPO FM SFDBMFOUBEP EF GJO EF BÁPT SFZFT Z IBTUB MB DBOEFMBSJB OBS OJ BGJSNP QPS NJ QBSUF TFS FY %FTQV¹T EF FTDVDIBS B MPT FYQFSUPT IF EFDJ QFSUP FO FM UFNB EF MPT FYQFSUPT TJOP BMHVJFO RVF TJ QVEJFSB TFS FYQFSUP FO BMHP TFS½B FO EVEBS QPS EJEP QBSB QFOTBSMP NFKPS TBMJS B CVTDBS VOB TF RVF OP NF DIFDB QPS BMHP MP RVF FTUPT PQJOBO ÁP EF FTBT RVF TBDBO DFOB FO MBT FTRVJOBT Z 4J VTUFE OP UJFOF UFMF P TJ MB UJFOF OP MB FO FMBCPSBO HPSEJUBT EF NBOUFDB VMUSB GSJUBT %FT DJFOEF MP TJFOUP QFSP OVFTUSB DIBSMB EPNJOJDBM EF MVFHP DPO VO SFGSFTDP MJHUI "I Z FTQFSP RVF FTUBS² NVZ MJNJUBEB QFSP UFOFNPT RVF QBSUJS EF FM QBTBEP WJFSOFT IBZB HP[BEP DPOUSB MB PQJOJÂO IFDIPT DBTJ BCTPMVUBNFOUF BDFQUBEPT QPSRVF EF MPT FYQFSUPT EF MPT UBNBMFT EF MB $BOEFMBSJB

DBTJ OP IBZ DPTBT VOJWFSTBMNFOUF BDFQUBEBT FT !DBSMPTNPSTB RVF FM QSPNFEJP EF WJEB IBDF QPDPT BÁPT FSB DP

"-Ê " ", -Ê Ê/ *" À > ` Ê â? iâÊ ÃV Ì

·* `À?Êi «i À>À¶ $POWFSUJS MBT QSFDBNQBÁBT FO WFSEBEFSBT DBNQB SSFOUF EF PDVSSFODJBT Z GBOUBT½BT EF JMVTPSJBT NB ÁBT OP IB TJEP TPMBNFOUF DVMQB EF MPT QSPQJPT QBS OFSBT UBO BKFOBT B MB SFBMJEBE DPNP BKFOPT TVFMFO UJEPT Z DBOEJEBUPT TJOP UBNCJ¹O EF OVNFSPTPT NF FTUBS MPT QSFDBOEJEBUPT B DVNQMJS MP RVF QSPNFUFO EJPT EF DPNVOJDBDJÂO DPO MP DVBM EFNVFTUSBO VOB )BTUB FM DBOEJEBUP N²T JOHFOVP TF QSFHVOUBS½B QF WF[ N²T TV DPNQMJDJEBE DPO FM DPSSVQUP TJTUFNB QP SP {QPS RV¹ RVJFSFO RVF MFT EJHB DÂNP MF WPZ B IB DFS QBSB DVNQMJS MP RVF QSPNFUP TJ OP UFOHP MB NF M½UJDP NFYJDBOP &O FTUF OVFWP GSBVEF EF MPT QBSUJEPT B MB TPDJF OPS JOUFODJÂO EF DVNQMJSMP TFS½B UJFNQP QFSEJEP EBE RVJFOFT IBO NPTUSBEP VOB UPEBW½B NBZPS TJN "EFN²T NVDIP EF MP RVF ZB EFTEF BIPSB TF FTU² QMF[B B MB IPSB EF FONBTDBSBS TVT BCVTPT GVFSPO iQSFw QSPNFUJFOEP TBCFO NVZ CJFO RVF OP MP QP MPT EFM MMBNBEP iNPWJNJFOUP OBSBOKBw QVFT QSFDF ES½BO SFBMJ[BS QPSRVF TVT BOUFDFTPSFT IBO MFHJUJ EFO TVT BOVODJPT DPNFSDJBMFT EJDJFOEP RVF UBMFT NBEP MFZFT RVF CMJOEBO BM TJTUFNB Z OP QVFEFO NP BOVODJPT FTU²O EJSJHJEPT FYDMVTJWBNFOUF B TVT BGJ EJGJDBS MBT MFZFT QPSRVF QBSB FTP SFRVFSJS½BO UFOFS VOB BCSVNBEPSB NBZPS½B FO FM $PO MJBEPT FT EFDJS MPT OP BGJMJBEPT BCTU¹O HSFTP Z UBM WF[ BVO TJ MB UVWJFSBO UBN HBOTF EF FTDVDIBSMP P EF WFSMP BQ² QPDP TF QPES½B ZB RVF MPT JMVTUSFT MF HVFMF EF JONFEJBUP BM SBEJP P BM HJTMBEPSFT OVODB IBO FTUBEP UFMFWJTPS QPSRVF VTUFE OP FTU² JOWJUB EP B FOUFSBSTF EF TV DPOUFOJEP ZB RVF ÊiÃÌiÊ ÕiÛ ÊvÀ>Õ`iÊ`iÊ EJTQVFTUPT B NPEJGJDBS MFZFT RVF BMUF SFO P EFUFSJPSFO FM FTUBUVT EFM RVF HP MB MFZ MP QSPI½CF %F MP RVF JOFWJUBCMF ÃÊ«>ÀÌ ` ÃÊ>Ê >Ê [BO NFOUF TF FOUFSB UPEP NVOEP FT EF MB *NBHJOF VTUFE RVF MB 4VQSFNB BTUVDJB QFSP UBNCJ¹O EF MB UPSQF[B DPO à V i`>`ÊµÕ i iÃÊ > Ê $PSUF EF +VTUJDJB EFCJFSB FYQSFTBSTF RVF TF NBOFKBO ÃÌÀ>` ÊÕ >ÊÌ `>Û >Ê TPCSF TJ FT P OP FT DPOTUJUVDJPOBM VOB .JFOUSBT FTBT DPTBT PDVSSFO OP EFKBO EF EFDJSOPT RVF UPEP NFKPSBS² >Þ ÀÊà « iâ>Ê>Ê >Ê SFGPSNB RVF SFEVKFSB FM TBMBSJP EF UBO DPO iZB TBCFT RVJ¹Ow P RVF IBZ VO DBO À>Ê`iÊi >ÃV>À>ÀÊÃÕÃÊ CJFO QBHBEPT KVFDFT BDBCBSB DPO TVT QSFTUBDJPOFT Z BOVMBSB TVT BNBÁBEPT EJEBUP RVF IBCMB JOHM¹T GSBOD¹T Z IBT UB FTQBÁPM Z PUSP RVF FOW½B TBMVEPT FO >LÕà ÃÊvÕiÀ Ê ÃÊ`i Ê GJEFJDPNJTPT {RV¹ DSFF VTUFE RVF SF QBSFKB FYIPSU²OEPOPT F WJWJS FO FM > >` ʺ Û i Ì Ê TPMWFS½BO /P EFCFNPT FYUSBÁBSOPT QVFT BNPS Z FO MB QB[ B MP MBSHP EF UPEP FM >À> >» EF RVF KVTUP FO FTUPT E½BT MB 4VQSFNB BÁP QBSB MVFHP EFDMBSBS GVSJCVOEP $PSUF IBZB EFDMBSBEP RVF MB MFZ EF TF RVF MPT EFN²T QSFDBOEJEBUPT BOEBO HVSJEBE OBDJPOBM T½ FT DPOTUJUVDJPOBM QPS DPNQMFUP FSSBEPT {P IFSSBEPT {RV¹ FTQFS²CBNPT {RV¹ TF NBOJGFT -B EFTWFOUBKB EF MBT QSFDBNQB ÁBT FT RVF FTU²O BHPUBOEP FM MPEP BOUFT EF UJFNQP UBSBO FO DPOUSB EFM RVF MFT EJP FM DBSHP &T TVNBNFOUF HSBWF MB TJUVBDJÂO EFM QB½T TF MP DVBM QVFEF WPMWFSMPT SFQFUJUJWPT BM FTDBTFBS MB NBUFSJB QSJNB EF MBT DBNQBÁBT RVF FO FTUF QB½T Z DVFTUSBEP QPS MB DMBTF QPM½UJDB QVFT OPT QPOF FO MB FO NVDIPT PUSPT TF WJFOF VUJMJ[BOEP EF VOPT BÁPT TJUVBDJÂO EF BGJSNBS RVF HBOF RVJFO HBOF FO MBT QSÂYJNBT FMFDDJPOFT MPT NFYJDBOPT TFHVJSFNPT B FTUB QBSUF %JS²O MPT BOBMJTUBT iRVFSFNPT QSPQVFTUBTw Z QFSEJFOEP

WFOES² FM BMVWJÂO EF QSPQVFTUBT FOUPODFT QFEJS²O BSNBOEP HPO!VOJWB NY iMPT DÂNPTw Z BI½ MP RVF WFOES² TFS² VO NBHSP UP

U½PT FTU²O MFWBOUBEPT FO BSNBT DPOUSB FM QSPZFDUP &NQF[BOEP QPS MPT EJSFDUPSFT EF MPT EPT NVTFPT RVF TF WFO DBSB B DBSB FO FM MVHBS FT DPHJEP Z TJHVJFOEP DPO VO MBSHV½TJNP FUD¹UFSB RVF WB EFTEF MB .JOJT USB EF $VMUVSB Z MPT GVODJPOBSJPT EFM SBNP IBTUB FM DJVEBEBOP EF B QJF QBTBOEP QPS MPT BSUJTUBT MPT HBMFSJTUBT MPT NBSDIBOET E BSU MPT FYNJOJTUSPT MPT DPMFDDJPOJTUBT MPT BSRVJUFDUPT Z VSCBOJTUBT MBT D² NBSBT EF DPNFSDJP Z UVSJTNP Z UPEB DMBTF EF HSFNJPT MFWBOUJTDPT RVF TF IBO QSPOVODJBEP FO UPEPT MPT NFEJPT EF DPNVOJDBDJÂO Z MPT WF DJOEBSJPT DJCFSO¹UJDPT BM VTP /P TF NFUFO UBOUP RVF EJHBNPT DPO MBT DVBMJEBEFT FTU¹UJDBT EFM BMNPESPUF BVORVF B OBEJF FTDBQB RVF FT PCSB EF VO TFÁPS FOUSF DV ZBT N²YJNBT FYQSFTJPOFT FTU²O VO NPOUÂO EF QFSSJUPT JE¹OUJDPT B MPT RVF IBDFO DPO HMPCPT MPT NBHPT EF MBT GJFTUBT JOGBOUJMFT 1FSP CVF OP EJDFO MPT DS½UJDPT QBSB UPEP IBZ MVHBS {QPS RV¹ OP QPOFS FTUP FO FM QBSRVF EF MB 7JMMFUUF P VO MVHBS QPS FM FTUJMP -B NPMFTUB NBO½B EFNPDS²UJDB EF MPT QBSJTJOPT FO[BS[BEPT FO VO QMFJUP DPOUSB MB TBHSBEB BVUPSJEBE EFM "ZVOUBNJFOUP QPES½B UF OFS VOB QSPOUB TPMVDJÂO DPO MPT TFODJMMPT N¹UPEPT UBQBU½PT

IUUQT XXX HPPHMF DPN NY TFBSDI R LPPOT CPVRVFU UCN JTD I UCP V TPVSDF VOJW TB 9 WFE BI6,&XK2Q C7M S;"I6+Z :.,)393#9T2T"2*+X CJX CJI

6 - $ ÊÊ 9Ê

- $

>À ÃÊ ÀÌjÃÊ6?âµÕiâ 5PEP B OVFTUSP FOUPSOP FT WFSEBE P NFOUJSB TF HÈO MB QBOUBMMB FO RVF NJSF 1PS NVDIP MB UFD OPMPH½B WPMDBEB B MPT JOTUSVNFOUPT FMFDUSÂOJDPT EB VOB WJTJÂO EJGFSFOUF Z FWFOUVBMNFOUF BEWFS TB B MB WJEB QMBDFOUFSB B RVF BTQJSBNPT MPT TF SFT IVNBOPT &YJTUF DPODJFODJB DPNÈO FO MB CÈTRVFEB EF CJFOFTUBS DPO IPOFTUJEBE Z USBCBKP QFSP TF BUSBWJFTBO GBDUPSFT EF JOFTUBCJMJEBE DSFBEB QPS MB EFTDPOGJBO[B &T BT½ DPNP TVSHF MB JOTFHVSJ EBE EFQFOEJFOUF BÈO EF MB DBQBDJUBDJÂO FO MPT NVOJDJQJPT DPO TJNVMU²OFP DVJEBEP DPOUSB DP SSVQDJÂO Z SFQSFTBMJBT JNQJEJFOEP EFTBSSPMMP TVTUFOUBCMF NJMMPOFT EF KÂWFOFT Z DJGSB EF BODJBOPT FO QSPDFTP EF DSFDJNJFOUP WJWFO BOUF FM SFUP CJ QBSUJEP EF FNQSFOEJNJFOUP JEFOUJGJDBOEP PC KFUJWPT TVQFSBEPSFT EF FSSPSFT Z DVJEBEPTP TF HVJNJFOUP EF BDJFSUPT DPO BQSFDJP B EJHOJEBE Z BQSPWFDIBNJFOUP EF JEFOUJEBE DPO BQSFDJP BM UBMFOUP KVWFOJM &T FO FTUF DPOUFYUP FM TVSHJ NJFOUP EF JOJDJBUJWBT DPNP MB EF (VBEBMBKBSB $JVEBE $SFBUJWB %JHJUBM JOUFHSBEB B MB SFE EF 6/&4$0 RVF GPNFOUB QMBOFBDJÂO VSCBOB JO EVTUSJBT DSFBUJWBT DPO FNQMFPT EF BMUP WBMPS BHSFHBEP DPO PQPSUVOJEBEFT FDPOÂNJDBT -BT PQPSUVOJEBEFT UBNCJ¹O QBSB FM TFYP GFNFOJOP QBSB BDDFEFS FO UPEBT MBT ²SFBT QSPEVDUJWBT DPO SFTQPOTBCJMJEBE Z FNQMFP EF TV WBMPS FO FM QMB OP EF QBSJEBE EF H¹OFSP &M CBMBODF SFDMBNB NFKPSFT BDVFSEPT QBSB SFEVDJS MB JOGMBDJÂO DPOEVDFOUF B NFKPSBS MBT DPO EJDJPOFT EFM UJQP EF DBNCJP Z DSFDJNJFOUP EFM FN QMFP GPSNBM FO FM QB½T DPO BQSFDJP B SFHJPOFT Z DVNQMJNJFOUP EF NFUBT FO QSPEVDUJWJEBE FYQPS

iÃ>ÀÀ Ê ÃÕÃÌi Ì>L i UBDJPOFT Z UVSJTNP " FTUF QSPQÂTJUP DPODVSSFO MPT BDVFSEPT EFM 5SBUBEP EF -JCSF $PNFSDJP RVF UBO UPT BWBUBSFT FOGSFOUB FO MB NFTB EF EJTDVTJÂO JO DPODMVTB &M BÁP FO DVSTP FT DSVDJBM FO .¹YJDP DPO MB JNQMFNFOUBDJÂO EFM 4JTUFNB &TUBUBM "OUJDP SSVQDJÂO F JOGPSNBMJEBE FO FM FTDFOBSJP FMFDUP SBM Z FM QSPQJP 5-$"/ DPO TPMJEBSJEBE FYUJSQB EPSB EF MB JOTFHVSJEBE QBSB ÂQUJNP BQSPWFDIBNJFOUP EF PQPSUVOJEBEFT FO UPEPT MPT NFSDBEPT EFM NVOEP -B WJTVBMJ[BDJÂO EF GBDUPSFT DPNP MPT TFÁBMB EPT BOUFT EFCF GJHVSBS FO MPT QPTUVMBEPT EF QBSUJ EPT Z TVT DBOEJEBUPT QPS FODJNB EF MB TPMB BNCJ DJÂO EF USJVOGP FO MBT VSOBT DPNP QBSUF EF PDVQBDJÂO SFTQPOTBCMF DPO IPOFTUJEBE FO QPTJ DJPOFT EFOUSP EFM FM FOHSBOBKF QPM½UJDP &M DPOWFODJNJFOUP EF MB QPCMBDJÂO EFTQFOEF EF QSPQVFTUBT DPOHSVFOUFT B MB DBQBDJEBE FY QVFTUB FO QSPZFDUPT SFBMJ[BCMFT EF BDVFSEP B QP TJCJMJEBEFT UFSSJUPSJBMFT Z DPNQFUJUJWJEBE FO FM ²NCJUP JOUFSOBDJPOBM DPO MB FNFSHFOUF UFDOPMP H½B DBNCJBOUF B DBEB JOTUBOUF &TB EJO²NJDB UJF OF GVOEBNFOUP FO MB FEVDBDJÂO FO VO OJWFM BDUVBM Z EF SFWJTJÂO QFSNBOFOUF QBSB NFOUPSFT Z BMVN OPT FO UPEPT MPT OJWFMFT &M MMBNBEP FT B FOGSFOUBS MB SFBMJEBE DPO WJ TVBMJ[BDJÂO EFM GVUVSP EF NBOFSB DPIFSFOUF QBSB FYUJSQBS MB NJTFSJB Z QSPWPDBS MB QBSUJDJQBDJÂO EF NJMMPOFT EF TFSFT RVF EFQSJNJEPT QVFEBO CVT DBS BCSJHP FO MB WJPMFOUB EFMJODVFODJB EF MB RVF EB DVFOUB MB JOGPSNBDJÂO EJBSJB %JPT OPT HVBSEF EF MB EJTDPSEJB

TJDQN!JOGPSNBEPS DPN NY

1~(*/" #

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

%PNJOHP EF GFCSFSP EF '0504 t &'&

" %&5"--& -B DSFBUJWJEBE OP NFSNB FO MPT QSFQBSBUJWPT QBSB FM $BSOBWBM NÈT QPQVMBS

&M #BSDFMPOB

N T RVF VOB CBUFS©B EF TBNCB .BS½B "OH¹MJDB 5SPODPTP Z "MCB 4BOUBOESFV &'&

$

PNP SF[B FM MFNB iFM #BSDFMPOB FT N²T RVF VO DMVCw &T UBNCJ¹O VOB EF MBT QSJODJQBMFT CBUFS½BT EF TBNCB EFM DBSOBWBM CSBTJMFÁP Z BM JHVBM RVF FM DPOKVOUP B[VMHSBOB FM FRVJQP UJUVMBS DVFOUB DPO TV QSPQJP .FTTJ FM NBFT USP 3PCTPO ;PJOIP &M i#BSDFMPOB EP TBNCBw EJTQVUB FO MB QSJNF SB EJWJTJÂO EFM DBSOBWBM EF 4BP 1BVMP Z TV QSJODJQBM NJTJÂO FT QPOFS FM SJUNP EF MB FTDVFMB FRVJQP EF TBNCB i*NQFSJP EF $BTB 7FSEFw RVF FM E½B EFT GJMBS² FO FM TBNCÂESPNP DPO VO UFNB JOTQJSBEP FO FM iQVFCMPw 6OBT EPTDJFOUBT QFSTPOBT MB NBZPS½B EF FMMPT NÈTJDPT JOUFHSBO MB CBUFS½B VOB EF MBT TJFUF TFD DJPOFT RVF DPNQPOFO MB FTDVFMB EF TBNCB Z DVZB BDUVBDJÂO FT GVOEBNFOUBM FO MB QVOUVBDJÂO GJOBM EF DBEB iFRVJQPw -B CBUFS½B EF i*NQFSJP EF $BTB 7FSEFw FYJTUF EFTEF IBDF E¹DBEBT QFSP GVF CBVUJ[BEB DPO FM OPNCSF EF #BSDFMPOB FO DVBOEP VOPT DP NFOUBSJTUBT EF UFMFWJTJÂO (MPCP DPNQBSBSPO TV EF TFNQFÁP DPO FM EFM FRVJQP FTQBÁPM RVF FTB UFNQP SBEB MPHSÂ FOUSF PUSPT U½UVMPT MB -JHB Z MB -JHB EF $BNQFPOFT i$PNQBSBSPO MB CBUFS½B DPO FM #BSDFMPOB RVF WJW½B VOB HSBO ¹QPDB FO MB UFNQPSBEB HBO²OEPMP UPEPw EJDF FM NBFTUSP BOUFT EF JOJDJBS VOP EF MPT ÈMUJNPT FOTBZPT PGJDJBMFT EFM DBSOBWBM MB NBZPS GJFTUB EF #SBTJM %FM DMVC MB CBUFS½B iDPQJÂw TV iGJMPTPG½B EF KVF HPw Z TV PSHBOJ[BDJÂO TFHÈO FYQMJDB FM EJSFDUPS RVF QSFGJFSF OP SFWFMBS RVJ¹O FT FM 3FBM .BESJE EF MB TBNCB TV QSJODJQBM SJWBM FO FM DBSOBWBM QBVMJTUB #BKP MB CBUVUB EF ;PJOIP MPT NÈTJDPT DPO FM OÈNFSP FTUBNQBEP FO TVT FTQBMEBT IBDFO TP OBS DPO GVFS[B UPEP UJQP EF BSUJMVHJPT EF QFSDVTJÂO FO MPT RVF BQBSFDF HSBCBEP FM FTDVEP EFM #BSDFMP OB Z VO MFNB RVF SFDVFSEB BM FRVJQP ADVM¹ i.BJT RVF VNB CBUFSJBw .²T RVF VOB CBUFS½B

&M iBMBw TFDDJÂO EF MB CBUFS½B FTU² DPNQVFT UB QPS N²T EF EPTDJFOUPT JOTUSVNFOUPT FOUSF SFQJ RVFT iTVSEPTw UBNCPSFT iDBJYBTw iDBJYBT WB[B EBTw Z UBNCPSJOFT RVF IBDFO WJCSBS BM SFTUP EF JOUFHSBOUFT EF MB FTDVFMB i-B CBUFS½B SFRVJFSF NVDIB EFEJDBDJÂO 4JFN QSF IBZ RVF FTUBS BUFOUP B MPT NBFTUSPT Z B MPT FO TBZPT Z FM E½B EFM EFTGJMF EBSMP UPEPw FYQMJDB FM NÈ TJDP 1FM¹ RVJFO EFTGJMB FO FM DBSOBWBM QBVMJTUB EFTEF IBDF BÁPT 2VJFO UBNCJ¹O MMFWB DVBUSP E¹DBEBT FO FM NVO EP EF MB TBNCB FT &WBOESP 4BOUBOB QBSB RVJFO MB CBUFS½B EFM i*NQFSJP EF $BTB 7FSEFw FT VO iDPOKVO UPw DPNP FM FRVJQP DBUBM²O i&TUP FT DPNP FM #BSDFMPOB BRV½ UPEP FM NVO EP KVFHB QBSB UPEP FM NVOEPw BTFHVSB 4BOUBOB BO UFT EF FOUSBS FO FM 4BNCÂESPNP EF "OIFNCJ QSP ZFDUBEP QPS FM BSRVJUFDUP ¦TDBS /JFNFZFS Z RVF DBEB BÁP SFÈOF B N²T EF NJM QFSTPOBT 1BSB 4BOUBOB FM #BSDFMPOB Z MB TBNCB TPO iTV BMFHS½Bw i4JO FM NVOEP EF MB TBNCB OP DPOTJHP WJWJSw $VBOEP FM DBSOBWBM EF TV EJTQBSP EF TBMJEB i*NQFSJP EF $BTB 7FSEFw NPTUSBS² BM QÈCMJDP FM USB CBKP SFBMJ[BEP EVSBOUF UPEP VO BÁP Z QSFTFOUBS² TV iTBNCB FOSFEPw UFNB MB DVBM QBSUF EF MB 3FWPMV DJÂO 'SBODFTB QBSB IBCMBS EFM FTDFOBSJP QPM½UJDP EF #SBTJM -BT FTDVFMBT EF ¹MJUF EF 4BP 1BVMP EFTGJMBS²O

1"4*»/ &O DBEB USBKF Z FMFNFOUP EF MBT DBSSP[BT FTUÈ FM UBMFOUP EF MPT CSBTJMF×PT

3&56.#" -B FTDVFMB i*NQFSJP EF $BTB 7FSEFw IBDF TPOBS TVT UBNCPSFT EVSBOUF MPT FOTBZPT

-*450 &M i#BSDFMPOB EP 4BNCBw CVTDB QPOFS FM SJUNP B QBSUJS EFM EF GF CSFSP FO FM TBNCØESPNP

-04 3&:&4 i#BSDFMPOB EP 4BNCBw FT DPOTJEFSB EP DPNP VOB EF MBT HSBOEFT CBUFSÓBT EFM $BSOBWBM

5*5«/*$0 &O VO FTQBDJP FRVJWBMFOUF B DBN QPT EF GVUCPM FT EPOEF TF DPOGFDDJPOB FM $BSOBWBM

FM WJFSOFT Z FM T²CBEP QSÂYJNP BM UJFNQP RVF MBT EFM (SVQP EF "DDFTP VOB FTQFDJF EF iTFHVOEB EJWJ TJÂOw MP IBS²O FO 3½P EF +BOFJSP FM EPNJOHP Z FM MVOFT TF JOWJFSUF FM QSPUBHPOJTNP DPO FM (SVQP &T QFDJBM DBSJPDB Z MBT BTQJSBOUFT QBVMJTUBT %VSBOUF MPT DVBUSP E½BT MBT FTDVFMBT EF UPEP #SBTJM QPOES²O FO NBSDIB MB N²RVJOB EFM DBSOBWBM VO FOHSBOBKF RVF FNQJF[B B TFS JEFBEP BÁP USBT BÁP DPO MB SFTBDB EFM ÈMUJNP EFTGJMF

&O NFEJP EFM TJHJMP FTDVFMBT EF TBNCB TF QSFQBSBO QBSB FM DBSOBWBM EF 3ªP .JMFT EF NJSBEBT SFDPSSFO MB DJVEBE EF MB TBN CB .POJUPSFBO NJOVDJPTBNFOUF B MPT GPS²OFPT Z TF DPNVOJDBO FO TJMFODJP FO VO FTQBDJP FRVJWBMFO UF B DBODIBT EF GÈUCPM EPOEF TF DPODFOUSBO MBT CPEFHBT CBSSBDBPT EF QSPEVDDJÂO RVF EBO WJEB B EJTGSBDFT Z DBSSPT BMFHÂSJDPT EF MBT QSJODJQBMFT FT DVFMBT EF TBNCB "T½ GVODJPOB MB WJHJMBODJB U²DJUB EF FTUBT FTDVF MBT QBSB FWJUBS RVF TF GJMUSF BMHÈO EFUBMMF EFM NPO UBKF RVF EBS² WJEB B MPT EFTGJMFT EFM $BSOBWBM EF 3½P EF +BOFJSP RVF FTUF BÁP TF SFBMJ[BS² FOUSF FM Z FM EF GFCSFSP "MM½ UPEP FT NJTUFSJP -B QVFTUB FO FTDFOB EF DBEB VOB EF FMMBT FT FM FOJHNB NFKPS HVBSEBEP ZB RVF OBEB TVQFSB MB FNPDJÂO EF VO QÈCMJDP EFTMVN CSBEP QPS FM JNQBDUP RVF FOWVFMWF MB DSFBUJWJEBE MB NÈTJDB Z FM DPMPS EF TVT EFTGJMFT &TUF BÁP TPO MBT FTDVFMBT RVF QBSUJDJQBS²O FO MBT QSFTFOUBDJPOFT EFM HSVQP FTQFDJBM Z FO JHVBM

OÈNFSP EF CBSSBDBPT NJMFT EF QFSTPOBT FOUSF PQF SBSJPT BSUJTUBT DPTUVSFSPT NFD²OJDPT Z iUPEFSPTw USBCBKBO B UPEB WFMPDJEBE QBSB DVMNJOBS B UJFNQP MPT EJTGSBDFT Z MPT DBSSPT BMFHÂSJDPT -PT FODBSHBEPT EF MBT QSPEVDDJPOFT VMUJNBO EFUBMMFT Z TF UVSOBO FO KPSOBEBT EJVSOBT Z OPDUVS OBT QBSB EFKBS MJTUP UPEPT MPT EFTGJMFT EFM DBSOBWBM RVF EFTEF TF EBO DJUB FO FM 4BNCÂESPNP EF "OIFNCJ "VORVF TF NJSB DPO SFTFSWB FM JOHSFTP EF D² NBSBT EF WJEFP Z GPUPHSBG½B MB 1PSUFMB UBNCJ¹O DP OPDJEB DPNP iMB NBKFTUBE EF MB TBNCBw FT VOB EF MBT QPDBT FTDVFMBT RVF QFSNJUF FM BDDFTP EF MB QSFO TB B TV iCBSSBDBPw i&T VOB FTDVFMB GVOEBEB FO Z DVNQMF BÁPT BIPSB FO FTUF w Z iB MP MBSHP EF UPEP FTF UJFNQP TF DPOWJSUJÂ FO MB FTDVFMB N²T WJDUPSJPTB DPO DPORVJTUBT MP RVF EB NVDIP PSHVMMP B UPEPT MPT QPSUFMFOTFTw TFÁBMÂ 'BWJP 1BWBP QSFTJEFOUF EFM DPOTFKP EFMJCFSBUJWP EF MB 1PSUFMB Z NJFNCSP EF MB DPNJTJÂO EF DBSOBWBM EF MB NJTNB &O FTUB CPEFHB MPT FODBSHBEPT DPSSFO EF VO MBEP QBSB PUSP B GJO EF IBDFS SFBMJEBE MP TPÁBEP Z MPHSBS RVF MB FTDVFMB NVFTUSF UPEP TV FTQMFOEPS Z NBKFTUVPTJEBE 1PS FMMP EFCFO IBDFS VTP EF MB DSFBUJWJEBE Z EF MPT SFDVSTPT ZB RVF OP DVFOUBO DPO MPT NJTNPT NF EJPT FDPOÂNJDPT EF IBDF VO BÁP : FT RVF QBSB FTUB WFSTJÂO FM NPOUBKF OP IB TJ EP G²DJM 1PS FM SFDPSUF QSFTVQVFTUBM EFM RVF IJ [P MB "MDBME½B EF 3½P EF +BOFJSP MBT FTDVFMBT EF TBN

CB TF WJFSPO PCMJHBEBT B FDPOPNJ[BS SFDVSTPT MP RVF TF USBEVDF FO DBSSPT BMFHÂSJDPT NFOPT TVOUVPTPT &M BÁP QBTBEP FM BMDBMEF EF MB DJVEBE FM FWBO H¹MJDP .BSDFMP $SJWFMB PSEFOÂ SFEVDJS B MB NJUBE MPT NJMMPOFT EF SFBMFT NJMMPOFT EF EÂMBSFT

RVF BQPSUBCB BOVBMNFOUF MB BMDBME½B BM EFTGJMF -B 1PSUFMB OP RVFEÂ FYFOUB " QFTBS EF iUPEBT MBT EJGJDVMUBEFT RVF UVWJNPT FTUF BÁP Z MB DSJTJT FDPOÂNJDB EFM QB½T RVF BÈO QFS TJTUFw iFM DPTUP UPUBM DSFP RVF FTU² QPS WVFMUB EF MPT NJMMPOFT EF SFBMFTw VOPT NJMMPOFT EF EÂMB SFT BTFHVSÂ 1BWBP i&M BÁP QBTBEP UVWJNPT VO QSFTVQVFTUP BMSF EFEPS EF NJMMPOFT EF SFBMFT VOPT NJMMPOFT EF EÂMBSFT w BHSFHÂ &TUB FTDVFMB RVF TFS² MB TFHVOEB FO QSFTFO UBSTF FM T²CBEP EF GFCSFSP EFTQV¹T EF 6OJEPT EB 5JKVDB UJFOF USFT NJM JOUFHSBOUFT RVF CBJMB S²O DPO TVT DPMPSJEPT USBKFT FO VO EFTGJMF RVF FTUB S² DPNQVFTUP QPS BMBT TFDDJPOFT Z TFJT DBSSPT BMFHÂSJDPT " QFTBS EF JHOPSBS MP RVF PDVSSF QVFSUBT BEFO USP DBEB CBSSBDBP FNBOB MB GVFS[B Z MB FOFSH½B EFM USBCBKP SFBMJ[BEP &O MBT DBMMFT EF MB DJVEBE EF MB TBNCB FYJTUF VO PQUJNJTNP MBUFOUF RVF TF TJFOUF FO MPT SPTUSPT EF MPT DPOEVDUPSFT EF MPT DBNJPOFT EF DBSHB FO MBT TF ÁPSBT RVF EJTUSJCVZFO CFCJEBT QBSB DBMNBS MB TFE Z FO MBT NJSBEBT RVF DVTUPEJBO DBEB VOB EF MBT TPS QSFTBT RVF MBT FTDVFMBT UJFOFO HVBSEBEBT QBSB FM DBSOBWBM