Faraone Casa d'Aste - Asta dell'8 maggio 2017

Page 1

!"#$#%&&#!%!$'$&$"#!((!)%*$&$

!"#$%&'!!!(!!!)!"%**#'!+,-.

+,',$-%!*,),.,)/%012134156789::!!!5

4;<13<56!!!547=>


!"#$#%&'(")&*+ !"##$%&'()$*+"$,-. ???7@AB:8CDCEB@7ECF /+'0.12(34-&"'0(5(G8EH9IJ ???7EKC@HBL@AB:8C@7ECF

,&'("-./!&#0).$+ 678978(0%+(5!MC9IJ ???7NCO9CO78A %9:!CD!LP89A!1=<4156

+,',$-%!*,),.,)/%012134156789::!!!4

4;<13<56!!!547=>


!"#$#%&&#!%!$'$&$"#!((!)%*$&$ %/0%!%!"#$%&' 1234!/567287!92:5; )!"6<<=2!+,-. 245!->?,,!! #6!!02486:6!$2::=!!!!!!-!@!--,!!! ##6!02486:6!$2::=!!---!@!->A7B27=C=285 D6;!-.!6;!E,!%B4=;5 73!6BB38:6F58:2!!!-,?,,G-H?,,!! I6;!+!6;!.!"6<<=2!!!!-,?,,G-H?,, !!!!!!!)!"6<<=2!!!!!!!!!!-,?,,G-E?,, ! J=6!"28:586B2;5285K!H!!!(!!!+,-+-!"=;682!!!(!!!LEH!,+!.>ME-MH-MNE

"#$%&'!!!(!!!)!"%**#'!+,-. !!!"#$%$&'()$*$+$*,("-,

+,',$-%!*,),.,)/%012134156789::!!!3

4;<13<56!!!547=>


*#'A$$#!A!'Z'$'*#!DA$![[!/AP'$' \%00]0#!%$$Q%/0%!$Q)!"%**#'!D% 1%Z%'&A!P%/%!DQ%/0AM 1646285! P676! IQ%7:5! 7=! B45B646! 6;! 732! B4=F2! 6BB38:6F58:2! I5;! +,-.K! R54R68I2! I=! 5<36<;=645! 5I! 5S58:36;F58:5!73B54645!=;!73RR5772!2::583:2!=8!T35;;2! I=!5724I=2!I5;!->!<=3<82!+,->K!R28!2;:45!+!F=;=28=!I=! 5342! =8! B5CC=! S58I3:=K! 5! I5;! 73RR577=S2K! I5;;2! 7R2472! RSZIQFVI GSR YRE ZIRHMXE HIÁRMXMZE HIP HIM B5CC=!B27:=!6;;Q=8R68:2M

1646285K! B42B244U! T3=8I=! -N,! B5CC=! R=4R6! I6S68:=! 6! R2FF54R=68:=! 5! R2;;5C=28=7:=K! B4=8R=B6;F58:5! 7:468=54=K!RV5!B45758:=!=8!76;6!2!R2;;5<6:=!S=6!:5;5W282K!7=! I35;;546882!6!R2;B=!I=!2WW54:5!5!4=;68R=!B54!6<<=3I=R647=! M PSXXM TM WMKRMÁGEXMZM P6B2;6S24=! I=! 6;:6! <=2=5;;54=6! 5! 242;2<54=6K! B4=8R=B6;F58:5!I5;![[!75R2;2K!7=6!I5;;6!"6=728!RV5!I=! 6;:4=!=R28=R=!F64RV=!:46!=!T36;=!7B=RR682!38!X46RR=6;5! ÁVQEXS 'YWM MR TPEXMRS I HMEQERXM XEKPMS FVMPPERXI IH 677RV54!B54!38!B572!R2FB;577=S2!I=!R=4R6!-)!R:!5I!38! KMVSGSPPS ÁRI · GSQTSWXS HE ÁPM HM TIVPI REXYVEPM R28!B58I58:5!R58:46;5M P28:=8368I2! 73;;6! ;=85@3B! I=! <=2=5;;54=6! :42S=6F2! YR ERIPPS MR TPEXMRS ÁVQEXS &YGGIPPEXM GSR HMEQERXI R58:46;5!I=!R=4R6!+K-,!R:!R28:2486:2!I6!I=6F68:=!:6<;=2! X4=;;68:5! 5! 2;I! R3:K! 38! RV2^54! Y5I54C68=! R28! E+R:! HMEQERXM XEKPMS FVMPPERXI I GX HMEQERXM XEKPMS KSGGMElj I35!685;;=!1646285K!382!=8!242!X=68R2!-)!R646:=!R28! ^EJÁVS FMVQERS XSRHS HIP TIWS HM GX I YRS GSR I=6F68:5!I6!OK>+!R:M &5;!75::245!6;:6!242;2<54=6!<;=!2WW5458:=!B2:46882!=8S5R5! 6<<=3I=R647=! 2<<5::=! 4=R54R6:=! R2F5! 38! %3I546F647! Y=<35:! %4:! D5R_! =8! B;6:=82! 5! I=6F68:=! 2! 38! Y=6<5:!! ERRM · 6IJ MR SVS FMERGS GEVEXM GSR GSVSRE MR X4=;;68:=!5!T36I468:5!RV6FB6<85M

#8! R6;58I64=2! B54! =;! B4277=F2! )! F6<<=2! 6;! 1234! /567287! I=! "=;682K! T357:6! B4=F6! 67:6K! R2F5! T35;;6! I=!<=3<82!+,->K!764U!B4=8R=B6;F58:5!=8I=4=CC6:6!S5472! R2;;5C=28=7:=! 5! R2FF54R=68:=! S=7:2! =;! S6;245! I5=! ;2::=! B45758:6:=K! B54! B2=! 577545! 75<3=:6! I6;;6! PV4=7:F67! %YGXMSR HM ÁRI RSZIQFVI GSR SKKIXXM WIQTVI HM 5RR5;72!S6;245!5!F68=W6::346!F6!6RR577=X=;=!68RV5!6I! 38!B3XX;=R2!I=!B4=S6:=M /2::2! =! R2;B=! I=! F64:5;;2! I5;;6! X68I=:4=R5K! Y6:4=C=6! I=! P6442X=2K! 1646285! P676! IQ%7:5K! 72R=5:U! R28:42;;6:6! I6;;2! 7:24=R2! F64RV=2! =:6;=682! I=! 6;:6! <=2=5;;54=6!

&5;!75::245!I5=!<=2=5;;=!`:467W24F6X=;=a!6FF=4=6F2!386! 7B=;;6!688=!QO,!=8!B;6:=82!5!I=6F68:5!:6<;=2!X6<35::5!5! X4=;;68:5!B54!38!:2:6;5!I=!R=4R6!-E!R:K!I=S=7=X=;5!=8!I35! 5;5F58:=! 7=FF5:4=R=K! 2;:45! 6I! 38! X46RR=6;5! 1646285K! MR SVS KMEPPS GEVEXM GSR HYI ÁSGGLM GLI TSWWSRS I=S58:645! 7B=;;5K! R28! 7F546;I=! :6<;=2! :28I2! B54! R=4R6! GX HMEQERXM TIV GMVGE GX VYFMRM I ^EJÁVM %!F5:U!:46!;Q6;:6!<=2=5;;54=6!5!242;2<54=6K!38!X46RR=6;5G 242;2<=2! <=2=5;;2! b6<54! ;5! P23;:45K! =8! 242! <=6;;2! 5! R28! 386! 7R2FB6476! W6::6! =8:546F58:5! I=! I=6F68:=K! 68RVQ5772! :467W24F6X=;5! =8! R2;;=54K! 6::46S5472! I35! R2FB2858:=!75B646:=M

O

+,',$-%!*,),.,)/%012134156789::!!!=

4;<13<56!!!547=>


bAcA$$AZd!%&D!c%0P9A/!'1!09A!0cA&0#A09!PA&0]Zd

%]P0#'&AD!'&!09A!)09!'1!"%d!\d 1%Z%'&A!P%/%!DQ%/0AM *EVESRI 'EWE H¸%WXI MW TVITEVMRK MXWIPJ JSV XLI ÁVWX &#/,0(/,!&/$2),-&'*/93$''(+/#&%/EB?A"/.,/!-33/$,,(79,/ ,&/7$,)0/$'+/9&**-63K/&8(%)&7(/,0(/*2))(**/$)0-(8(+/ -'/ ,0(/ +(62,/ $99&-',7(',/ / &#/ ?W,0/ &#/ R2'(/ EB?W5/ -'/ !0-)0/&8(%/E/7-33-&'/(2%&/0$8(/6(('/*&3+"/=-,,&/#&%/ ,0(/ *26*(X2(',/ $2),-&'/ &#/ 3$*,/ Y&8(76(%5/ -'/ !0-)0/ ,0(/AFZ/&#/,0(/9-()(*/93$)(+/2'+(%/,0(/0277(%/0$8(/ 6(('/*&3+" [)0(+23(+/ #&%/ '(Q,/ G!/ &#/ \$K/ $,/ ,0(/ O&2%/ [($*&'*/ MR 1MPER XLMW ÁVWX EYGXMSR JSV PMOI XLEX SJ R2'(/ EB?W5/ !-33/ 6(/ 7$-'3K/ $++%(**(+/ ,&/ )&33(),&%*/ $'+/ +($3(%*5/ )&'*-+(%-'4/ ,0(/ 3(8(3/ &#/ ,0(/ *267-,,(+/ 3&,*"/ .,/ !-33/ 6(/ ,0$'/ #&33&!(+/ 6K/ ,0(/ T0%-*,7$*/ ;2),-&'/*)0(+23(+/#&%/,0(/('+/&#/Y&8(76(%/6&$*,-'4/ &6:(),*/&#/(Q)(33(+/8$32(/$'+/)%$#,*7$'*0-9/62,/$3*&/ $))(**-63(/,&/$/9%-8$,(/$2+-(')("

.'/ ,0(/ 1$2,(/ 1&%3&4(%-(/ *(),&%5/ 6-++(%*/ !-33/ )0$33('4(/ ,0(7*(38(*/ #&%/ *&90-*,-)$,(+/ &6:(),*/ *2)0/ $*/$/;2+(%$7$%*/<-42(,/;%,/=()>/-'/93$,-'27/!-,0/ +-$7&'+*/)$*(/5/&%/$/?@ABC*/<-$4(,/3$+-(*/!%-*,!$,)0/ D(#/@EF5/-'/?G)$%$,/!0-,(/4&3+5/!-,0/+-$7&'+*/6(H(3/ $'+/)0$79$4'(/+-$3" .'/,0(/I)&'8(%,-63(J/:(!(33(%K/*(),&%/!(/!-33/$+7-%(/ $/6%&&)0/#%&7/LB*/-'/93$,-'27/!-,0/6%-33-$',M)2,/$'+/

]'+(%/ ,0(/ 0$77(%/ &#/ ,0(/ $2),-&'((%5/ <$,%-H-$/ T$%%&6-&5/ O$%$&'(/ T$*$/ +C;*,(5/ $/ )&79$'K/ GSRXVSPPIH F] XLI LMWXSVMG -XEPMER FVERH SJ ÁRI :(!(33(%K/O$%$&'(/P-&-(33-5/!-33/9%&9&*(/$%&2'+/?FB/ 9-()(*/,&/+($3(%*/$'+/)&33(),&%*5/7&*,3K/#&%(-4'(%*5/-'/ %&&7/&%/)&''(),(+/8-$/90&'(5/6$,,3-'4/!-,0/*,%&V(*/ SJ SJJIVW ERH FMHW XS [MR XLI QSWX WMKRMÁGERX PSXW 1EWXIVTMIGIW SJ ÁRI NI[IPPIV] ERH [EXGLIW QEMRP] &#/,0(/EB,0/)(',2%K/#%&7/,0(/\$-*&'/$'+/&,0(%/-)&'-)/ 6%$'+*5/ !-33/ +$HH3(/ ,0(/ 6-++(%*5/ $7&'4/ !0-)0/ $/ 93$,-'27/ 6%$)(3(,/ *-4'(+/ T2*-/ 7&2',-'4/ 6%-33-$',/ $'+/ $**)0(%/ )2,/ +-$7&'+*/ !(-40-'4/ $/ ,&,$3/ &#/ ETTVS\ GX ERH E ÁZI WXVMRKW SJ REXYVEP TIEVPW +$,(+/3$,(/^GBB/!-,0/$/)(',%$3/9('+$',/7&2',-'4/&3+/ )2,/+-$7&'+*" 'SRXMRYMRK SR XLI PMRI YT SJ NI[IPPIV] [I [MPP ÁRH $/ 93$,-'27/ %-'4/ *-4'(+/ _2))(33$,-/ !-,0/ )(',%$3/ +-$7&'+/ &#/ $99%&Q-7$,(3K/ E"?B/ ),"/ *2%%&2'+(+/ 6K/ 6%-33-$',/$'+/&3+/)2,/+-$7&'+*5/$/<(+(%H$'-/)0&V(%/ !-,0/NE/),"/6%-33-$',M)2,/+-$7&'+*/$'+/AG/),"/+%&9M)2,/ HMEQSRHW X[S VMRKW WMKRIH *EVESRI XLI ÁVWX SRI MR ?G/)$%$,/!0-,(/4&3+/!-,0/$/%&2'+/62%7(*(/*$990-%(/ !(-40-'4/N"NG/),"/$'+/,0(/*()&'+/&'(/!-,0/$/L"WE/),"// (7(%$3+/)2,/+-$7&'+"

6$42(,,(/+-$7&'+*/&#/$/,&,$3/!(-40,/&#/$6&2,/?N/),"5/ +-8-+(+/-',&/,!&/*K77(,%-)$3/(3(7(',*5/$*/!(33/$*/$/ O$%$&'(/P-&-(33-/6%$)(3(,/-'/?G/),"/K(33&!/4&3+/!-,0/ ,!&/ 6&!*/ )&'8(%,-63(/ -'/ ,!&/ -'+-8-+2$3/ 6%&&)0(*5/ !-,0/ %&2'+/ )2,/ (7(%$3+*/ #&%/ $99%&Q-7$,(3K/ $6&2,/ B"FB/),"5/+-$7&'+*/&#/B"AB/),"5/%26-(*/$'+/*$990-%(*" ,EPJ[E] FIX[IIR ÁRI NI[IPPIV] ERH [EXGLIW E R$(4(%/ S(/ T&23,%(/ 6%$)(3(,U:(!(33(%K/ !$,)05/ -'/ K(33&!/4&3+/$'+/!-,0/$/02',(%/)$*(/(',-%(3K/)&8(%(+/ -'/ +-$7&'+*5/ )&'8(%,-63(/ -',&/ $/ '()V3$)(5/ ,0%&240/ ,!&/*(9$%$,(/)&79&'(',*"

N

+,',$-%!*,),.,)/%012134156789::!!!>

4;<13<56!!!547=Q


>

+,',$-%!*,),.,)/%012134156789::!!!Q

4;<13<56!!!547=Q


-6!0'Z&%0% 245!->?,, ! $'00# -!!(!!--,

.

+,',$-%!*,),.,)/%012134156789::!!!6

4;<13<56!!!547=Q


@

: @ RPJEE8JKH!:8!FJ98DJAABPJ!DPJ9EH@H! 89!CPC!S8JKKC!52!EJPJA8!EC9!:8JFJ9A8! WRQGL GHO SHVR GL FLUFD FW H ]DIÀUL EJPPW!:HK!LH@C!ECFLKH@@8TC!:8!E8PEJ! =EA7!X:BH!L8HAPH!FJ9EJ9A8Y &B9SNHIIJ!5;!EF VH@C!3QU=S 12/.'&'$/3)44#5/%#46/7&'.)4)$/ :#;8$-8%/&#;86/.;$/6-':#86*/A#&/ '((&#<=C?C>.$/-8/$#$'4/'86/.'&&D/ *'(("-&)*/5)-%"-8%/#E)&'44/'((&#<=/ F.$/G$5#/*$#8)*/:-**-8%H=/9&)8."/ :'&I*=

€(A<>>>?>>(5(;<>>>?>>

:

RPJEE8JKH!89!CPC!S8JKKC!52!EJPJA8! ÀUPDWR )DUDRQH FRQ GXH ÀRFFKL FKH LC@@C9C!:8TH9AJPH!@L8KKH!PHJK8IIJA8! 89!CPC!S8JKKC!52!EJPJA8U!@FHPJK:8! AJSK8C!AC9:C!LHP!E8PEJ!1U>EAU!:8JFJ9A8! SHU FLUFD FW UXELQL H ]DIÀUL SHU P8@LHAA8TJFH9AH!E8PEJ!5EA7 M8@BPJ!52EF VH@C!55;U21S 12/.'&'$/3)44#5/%#46/7'8%4)/*-%8)6/ 9'&'#8)/5-$"/$5#/6)$'."'74)/7#5*/ $"'$/7).#:)/7&##.")*//5-$"/&#;86/ .;$/):)&'46*/5)-%"-8%/'((&#<=/ >?@>.$/-8/$#$'4?/6-':#86*/A#&/>?B>.$/ '86/'((&#<=/1.$/#A/&#;86/.;$/&;7-)*/ '86/*'(("-&)*=

(;<=>>?>>(5(=<=>>?>>

)

+,',$-%!*,),.,)/%012134156789::!!!2

4;<13<56!!!547=Q


A *LURFROOR ÀUPDWR )DUDRQH LQ RUR S8JKKC!52!EJPJA8!EC9!PBO898!J!SCEE8J! :HK!LH@C!ECFLKH@@8TC!:8!E8PEJ!=EAU! VPHUDOGL WRQGL SHU FLUFD FW ]DIÀUL AC9:8!LHP!5EA!E8PEJU!CTJK8!LHP!E8PEJ!=EA! H!J!SCEE8J!LHP!E8PEJ!2EA!H!:8JFJ9A8! AJSK8C!OP8KKJ9AH!LHP!B9!ACAJKH!:8!E8PEJ! 2EA7 &B9SNHIIJ!3>EF7! VH@C!34U>S 9'&'#8)/12/.'&'$/3)44#5/%#46/ 8).I4'.)/5-$"/&;73/6&#(*/5)-%"-8%/ '((&#<=/F.$?/&#;86/):)&'46*/A#&/ '((&#<=1.$?/&#;86/*'(("-&)*/A#&/ '((&#<=/1J.$/-8/$#$'4/'86/7&-44-'8$/.;$/ 6-':#86/A#&/'/$#$'4/#A/'((&#<=/2.$=

€(A<=>>?>>(5(=<>>>?>>

H

+,',$-%!*,),.,)/%012134156789::!!!;

4;<13<56!!!547=Q


;

=

; VJPBPH!ECFLC@AJ!:J!CPHEEN898!H! ECKKJ9J!89!CPC!52!EJPJA8U!O8J9EC!H! S8JKKCU!EC9!:8JFJ9A8!AJSK8C!EBCPHU! OP8KKJ9AH!H!OJSBHAAH!LHP!B9!ACAJKH!:8! E8PEJ!=EA7 &B9SNHIIJ!ECKKJ9J!=5EF &B9SNHIIJ!CPHEEN898!4U>EF VH@C!54UQS !'&;&)/.#8*-*$-8%/#A/)'&&-8%*/'86/ ."'-8/-8/12/.'&'$/5"-$)/'86/3)44#5/ %#46/5-$"/7&-44-'8$?/7'%;)$$)/'86/")'&$/ 6-':#86*/5)-%"-8%/F.$/-8/$#$'4=

€(A<=>>?>>(5(;<=>>?>>

= VCENHAAH!89!CPC!S8JKKC!52!EJPJA8!EC9! :HECPC!89!CPC!O8J9EC!H!:8JFJ9A8! AJSK8C!OP8KKJ9AH!LHP!B9!ACAJKH!:8!E8PEJ! 5>EA7 VH@C!3;6U;S!XECFLPH@C!@LHEEN8C! 89AHP9CY M8@BPH!52U>Z;U>EF 12/.'&'$/%#46/(#.")$$)/5-$"/7&-44-'8$/ .;$/6-':#86*/.)8$&'4/:#$-A=

€(B<>>>?>>(5(C<>>>?>>

-,

+,',$-%!*,),.,)/%012134156789::!!!51

4;<13<56!!!547=Q


C

D B

D $QHOOR ÀUPDWR 6FDYLD LQ RUR JLDOOR EJPJA8!H!@FJKAC!9HPC!EC9!:8JFJ9AH! EH9APJKH!:HK!LH@C!:8!E8PEJ!1U41EA!H! :8JFJ9A8!AJSK8C!OP8KKJ9AH!@B!H9APJFO8! 8!KJA8!:HK!SJFOC!LHP!B9!ACAJKH!:8!E8PEJ! 1U>1EA VH@C!6U4S M8@BPJ!>3

B

C

$QHOOR ÀUPDWR :HEE LQ RUR JLDOOR EJPJA8!H!@FJKAC!9HPC!EC9!:8JFJ9A8! AJSK8C!OP8KKJ9AH!LHP!E8PEJ!1U31EA7 M8@BPJ!>3 VH@C!5>U;S

'8T8HPW!89!CPC!S8JKKC!52!EJPJA8!EC9! :8JFJ9A8!AJSK8C!OP8KKJ9AH!:HK!LH@C! ECFLKH@@8TC!:8!E8PEJ!3U6EA &B9SNHIIJ!=3EF! VH@C!=6U>S

12/.'&'$/3)44#5/%#46/&-8%/5-$"/74'.I/ )8':)4/'86/7&-44-'8$/.;$/6-':#86*/A#&/ '((&#<=/>?J>.$=

12/.'&'$/3)44#5/%#46/&-E)&)/5-$"/ 7&-44-'8$/.;$/6-':#86*/A#&/'/$#$'4/#A/ '((&#<-:'$)43/J?B.$

12/.'&'$/3)44#5/%#46/'86/74'.I/ )8':)4/&-8%/*-%8)6/K.'E-'/5-$"/'/ .)8$&'4/7&-44-'8$/.;$/6-':#86/5)-%"-8%/ '((&#<=/>?C>.$/'86/7&-44-'8$/.;$/ 6-':#86*/#8/7#$"/*-6)*/#A/$")/&-8%/ 5)-%"-8%/'((&#<=/>?@>.$/-8/$#$'4=

€(:<=>>?>>(5(A<=>>?>>

€(@<>>>?>>(5(:<>>>?>>

! €(@<>>>?>>(5(:<>>>?>>

--

+,',$-%!*,),.,)/%012134156789::!!!55

4;<13<56!!!547=Q


@>

E

@> E $PHEEN898!89!CPC!S8JKKC!52!EJPJA8! EC9!:BH!LHPKH!ECKA8TJAH!:J!53FF! H!:8JFJ9A8!AJSK8C!OP8KKJ9AH!LHP! ECFLKH@@8T8!4EA7 &B9SNHIIJ!3U>EF VH@C!56UQS

"8PCECKKC!89!CPC!S8JKKC!52!EJPJA8! EC9!45!LHPKH!ECKA8TJAH!:J!2U2FFU! :8JFJ9A8!AJSK8C!OP8KKJ9AH!LHP!B9!ACAJKH! :8!1U>1EAU!PBO898!H!@FHPJK:8!AJSK8C! AC9:C!:HK!LH@C!:8!E8PEJ!4EA!E8J@EB9C7 &B9SNHIIJ!=5EF7 VH@C!>1U41S

12/.'&'$/3)44#5/%#46/)'&&-8%*/ :#;8$-8%/$5#/.;4$;&)6/()'&4*/#A/ 1J::?/7&-44-'8$/.;$/6-':#86*/A#&/'/ $#$'4/#A/'((&#<=/C.$=

K-8%4)/*$&-8%/#A/C1/.#;4$;&)6/ ()'&4*/5-$"/7&-44-'8$/.;$/6-':#86*/ A#&/'((&#<=/>?@>.$/'86/&#;86/.;$/ ):)&'46*/'86/&;7-)*/5)-%"-8%/C.$/ )'."=

€(@<=>>?>>(5(:<>>>?>>

€(:<>>>?>>(5(A<>>>?>>

-+

+,',$-%!*,),.,)/%012134156789::!!!54

4;<13<56!!!547=Q


@:

@@

@A

@A @@ RPJEE8JKH!P8S8:C!89!CPC!52!EJPJA8U! PC@J!H!O8J9ECU!EC9!:8JFJ9A8!AJSK8C! OP8KKJ9AH!LHP!B9!ACAJKH!:8!E8PEJ!1U>1EA7 VH@C!65U2S M8@BPJ!89AHP9J!>U>EF

@: *CKKJ9J!89!CPC!S8JKKC!52!EJPJA87 &B9SNHIIJ!=3EF VH@C!>2U5S

%UDFFLDOH ULJLGR D WRUFKRQ ÀUPDWR VH:HPIJ98!89!CPC!S8JKKC!52!EJPJA8!H! :8JFJ9A8!AJSK8C!OP8KKJ9AH!LHP!LH@C! ECFLKH@@8TC!:8!E8PEJ!5EA7 VH@C!6QU5S M8@BPJ!89AHP9J!>U>EF

M'8%4)/-8/12/.'&'$/&#*)/'86/5"-$)/ %#46/5-$"/7&-44-'8$/.;$/6-':#86*=

12/.'&'$/3)44#5/%#46/8).I4'.)=

12/.'&'$/3)44#5/%#46/'86/6-':#86/ 7'8%4)/*-%8)6/!)6)&L'8-

€(@<=>>?>>(5(:<=>>?>>

€(@<>>>?>>(5(:<>>>?>>

€(@<=>>?>>(5(:<>>>?>>

-E

+,',$-%!*,),.,)/%012134156789::!!!53

4;<13<56!!!547=Q


@;

@=

@=

@; 2UHFFKLQL ÀUPDWL )DUDRQH LQ RUR O8J9EC!52!EJPJA8!EC9!:8JFJ9A8!AJSK8C! OP8KKJ9AH!LHP!ECFLKH@@8T8!4EA!E8PEJ!H! AJSK8C!EJPPW!LHP!5EA!E8PEJ M8@BPJ!4EF VH@C!41U3S ,@ABEE8C!CP8S89JKH7

*LURFROOR ÀUPDWR )DUDRQH LQ RUR S8JKKC!52!EJPJA8!EC9!:8JFJ9A8!AJSK8C! OJSBHAAH!H!OP8KKJ9AH!LHP!B9!ACAJKH! :8!E8PEJ!4U>EAU!@FHPJK:8!AJSK8C!AC9:C! LHP!5U>EA!ECFLKH@@8T8!H!51!@FHPJK:8! EJOCENC9!LHP!B9!ACAJKH!:8!E8PEJ!51EA7 VH@C!>>UQS &B9SNHIIJ!3QEF

12/.'&'$/5"-$)/%#46/)'&&-8%*/*-%8)6/ 9'&'#8)/5-$"/7&-44-'8$/.;$/6-':#86*/ A#&/'((&#<=/C.$/-8/#E)&'44/'86/.'&&D/ A#&/'/$#$'4/#A/'((&#<=1.$=

9'&'#8)/12/.'&'$/3)44#5/%#46/ 8).I4'.)/:#;8$-8%/7&-44-'8$/'86/ 7'%;)$$)/.;$/6-':#86*/A#&/'/ $#$'4/#A/'((&#<=/C?@.$?/&#;86/.;$/ ):)&'46*/A#&/'((&#<=1?@.$/-8/$#$'4/ '86/1>/.'7#."#8/.;$/):)&'46*/A#&/ '((&#<=1>.$/-8/$#$'4=

€(@<=>>?>>(5(:<=>>?>>

€(A<>>>?>>(5(=<>>>?>>

-O

+,',$-%!*,),.,)/%012134156789::!!!5=

4;<13<56!!!547=Q


@B $QHOOR ÀQH DQQL ҋ ÀUPDWR )DUDRQH 89!CPC!S8JKKC!52!EJPJA8!EC9!:8JFJ9AH! AJSK8C!@FHPJK:C!:HK!LH@C!:8!=U>=EA! %!G)5 1N@>O*/&-8%/*-%8)6/9'&'#8)/ :#;8$-8%/'8/):)&'46/.;$/6-':#86/ 5)-%"-8%/F?@F.$/P/QK1

€(AD<>>>?>>(5(;=<>>>?>>

-N

+,',$-%!*,),.,)/%012134156789::!!!5>

4;<13<56!!!547=Q


@C $PCKCS8C![JHSHP!&H!*CBKAPH! \F8@AHP8C@C]!89!CPC!S8JKKC!52!EJPJA8! EC9!:8JFJ9A8!AJSK8C!OJSBHAAH!H! OP8KKJ9AH!LHP!B9!ACAJKH!:8!>EA!E8PEJU! APJ@DCPFJO8KH!89!ECKK8HP!JSSJ9E8J9:C! B9!@HEC9:C!OPJEE8JKH!EC9!KJ! PHGHVLPD ODYRUD]LRQH GHOOҋRURORJLR ^9!AHPIC!HKHFH9AC!P8S8:C!89! CPC!5=!EJPJA8!W!@AJAC!PHJK8IIJAC! @BEEH@@8TJFH9AH!LHP!LCAHP! SHUPHWWHUH XQҋXOWHULRUH APJ@DCPFJI8C9H7 M8@BPJ!CPCKCS8C!56EF! *J@@J!5>FF M8@BPJ!OPJEE8JKH!52EF VH@C!446U>S R')%)&/S)/T#;$&)/U:-*$)&-#;*V/-8/ 12/.'&'$/3)44#5/%#46/5-$"/7'%;)$$)/ '86/7&-44-'8$/.;$/6-':#86*/5)-%"-8%/ '((&#</@.$/5"-."/.'8/7)/$&'8*A#&:)6/ -8/'/8).I4'.)/73/'$$'."-8%/'/*).#86/ :'$."-8%/7&'.)4)$=/ W/$"-&6/)4):)8$?/-8/1F/.'&'$/3)44#5/ %#46?//"'*/7))8/'66)6/*;7*)X;)8$43/ *#/$#/"'E)/A;&$")&/$&'*A#&:'$-#8*=

€(@@<>>>?>>(5(@A<>>>?>>

->

+,',$-%!*,),.,)/%012134156789::!!!5Q

4;<13<56!!!547=Q


-.

+,',$-%!*,),.,)/%012134156789::!!!56

4;<13<56!!!547=Q


@E

@D

@D ,9HKKC!PHJK8IIJAC!:J!+JPJC9H!89! CPC!S8JKKC!52!EJPJA8!EC9!B9!EJFHC! UDIÀJXUDQWH LO VHJQR ]RGLDFDOH GHOOD O8KJ9E8J!EC9ACP9JAC!:J!:8JFJ9A8! AJSK8C!OP8KKJ9AH!LHP!ECFLKH@@8T8! 1U21EA7 M8@BPJ!>; VH@C!4;U;S ,@ABEE8C!CP8S89JKH7 12/.'&'$/3)44#5/%#46/&:#;8$)6/73/ 9'&'#8)/5-$"/'/.':)#/6-(-.$-8%/$")/ S-7&'/*3:7#4/*;&&#;86)6/73/7&-44-'8$/ .;$/6-':#86*/5)-%"-8%/'((&#<=/ >?2>.$/-8/$#$'4=

€(E>>?>>(5(@<>>>?>>

@E "8PCECKKC!ECFLC@AJ!:J!=>!LHPKH! ECKA8TJAH!:8JFHAPC!ECFLPH@C!APJ!8! QU><6U>FF!H!EN8B@BPJ!89!CPC!S8JKKC! 52!EJPJA87 &B9SNHIIJ!=1EF7! VH@C!4>U51S K-8%4)/*$&-8%/#A/F@/.;4$;&)6/()'&4*/ :)'*;&-8%/Y?@ZB?@::/5-$"/12/.'&'$/ 3)44#5/%#46/.4'*(=

€(D>>?>>(5(@<>>>?>>

-)

+,',$-%!*,),.,)/%012134156789::!!!52

4;<13<56!!!547=Q


:>

:@

:> 3DUXUH ÀUPDWD &DUWLHU FRPSRVWD :J!ECKK8HP!H!OPJEE8JKH!KJTCPJI8C9H! ABOCSJ@!89!CPC!S8JKKC!52!EJPJA8!H! JEE8J8C7 &B9SNHIIJ!ECKK8HP!=5EFU!JKAHIIJ! 3EF7 &B9SNHIIJ!OPJEE8JKH!41EFU!JKAHIIJ! 4EF7 VH@C!52>UQS

:@ RPJEE8JKH!P8S8:C!89!CPC!52!EJPJA8U!PC@J! H!S8JKKCU!JEE8J8C!H!:8JFJ9A8!AJSK8C! OP8KKJ9AH!LHP!B9!ACAJKH!:8!5U3EA7 VH@C!24U51S M8@BPJ!89AHP9J!>U>EF

!'&;&)/*-%8)6/T'&$-)&/.#8*-*$-8%/#A/ ."#.I)&/'86/7&'.)4)$/-8/12/.'&'$/ 3)44#5/%#46/'86/*$))4=

M'8%4)/-8/12/.'&'$/3)44#5/'86/ &#*)/%#46?/*$))4/'86/7&-44-'8$/.;$/ 6-':#86*=

€(;<>>>?>>(5(B<>>>?>>

€(@<=>>?>>(5(:<=>>?>>

-H

+,',$-%!*,),.,)/%012134156789::!!!5;

4;<13<56!!!547=Q


::

:A

:;

:: $QHOOR ÀUPDWR %XFFHOODWL LQ RUR EJPJA8U!O8J9EC!H!S8JKKCU!EC9!B9C! @FHPJK:C!EH9APJKH!CAAJSC9JKH!:HK! LH@C!:8!E8PEJ!1U21EA!EC9ACP9JAC!:J! :8JFJ9A8!AJSK8C!OP8KKJ9AH!:HK!LH@C! ECFLKH@@8TC!:8!E8PEJ5U=EA7 M8@BPJ!Q> VH@C!2U2S

:A )L8KKJ!89!CPC!S8JKKC!52!EJPJA8!EC9! :8JFJ9A8!AJSK8C!OP8KKJ9AH!:HK!LH@C! ECFLKH@@8TC!:8!E8PEJ!3EAU!@FHPJK:8! WDJOLR WRQGR SHU FW FLUFD H ]DIÀUL AJSK8C!AC9:C!LHP!E8PEJ!4EA7 M8@BPH!=Z>EF VH@C32U3S

12/.'&'$/3)44#5/'86/5"-$)/%#46/ *-%8)6/M;..)44'$-/:#;8$-8%/'/.)8$&'4/ #.$'%#8'4/):)&'46/5)-%"-8%/'((&#<=/ >?2>.$/*;&&#;86)6/73/7&-44-'8$/.;$/ 6-':#86*/A#&/'/$#$'4/#A/'((&#<=/ 1?F>.$=

12/.'&'$/3)44#5/%#46/7&##."/5-$"/ 7&-44'8$/.;$/6-':#86*/5)-%"-8%/ '((&#<=/J.$?/&#;86/.;$/):)&'46*/A#&/ '((&#<=F.$/'86/&#;86/*'(("-&)*/A#&/ '((&#<=/C.$=

€(:<>>>?>>(5(A<>>>?>>

€(:<=>>?>>(5(A<=>>?>>

:; ,9HKKC!89!CPC!S8JKKC!52!EJPJA8! EC9!:8JFJ9A8!AJSK8C!OP8KKJ9AH!LHP! ECFLKH@@8T8!4EA!E8PEJU!@FHPJK:8!AC9:8! LHP!B9!ACAJKH!:8!E8PEJ!5U>EA7 M8@BPJ!=1 VH@C!QU6S 12/.'&'$/3)44#5/%#46/&-8%/5-$"/7&-44-'8$/ .;$/6-':#86*/A#&/'((&#</C.$/'86/ &#;86/.;$/):)&'46*/A#&/'((&#<1?@>.$=

€(D>>?>>(5(@<:>>?>>

+,

+,',$-%!*,),.,)/%012134156789::!!!41

4;<13<56!!!547=Q


!+

!)

!"

!)

!,

@%$).*)'#&)"&%'%&()*"+%&,-&+*'*.)&+%"& 1)*0*".#&.*2$)%&(')$$*".#&1)&+)'+*& ,567+.; <)/8'*&=7 >#/%&45?2 !"#$%&%'#()*'+#,-./#:-.*'%*&+# 1-20'*0,#%#!789$'#;&*..*%0'#$2'# /*%1-0/5

!"

€#*$"%%&%%#'!$"%%&%%# !,

!"#$$%&%'%&()*"+%&,-&+*'*.)&+%"& /0#'*$1%&+#".'*$#&%..*2%"*$#&1#$& 3#/%&1)&+)'+*&4567+.&+%".%'"*.%&1*& 1)*0*".)&.*2$)%&(')$$*".#&#&(*28#..#& 3#'&+%03$#//)9)&,5:7+.&+)'+*; <)/8'*&=6 >#/%&?5,2 !"#$%&%'#()*'+#,-./#&*0,#1-20'*0,# %#$+0'&%.#-$'%,-0%.#$2'#+1+&%./# (+*,)*0,#%33&-45#6789$'#:2&&-20/+/# ;<#;&*..*%0'#%0/#;%,2+''+#$2'# /*%1-0/:#(+*,)*0,#%33&-45#!7=9$'

€#!$%%%&%%#'#($"%%&%%

!+ A'#++B)")&)"&%'%&()*"+%&,-&+*'*.)&+%"& 1)*0*".)&.*2$)%&(')$$*".#&3#'&8"&.%.*$#& 1)&+)'+*&?+.; C8"2B#DD*&=5=+0 >#/%&,?5E72

!"#$$%&)"&%'%&()*"+%&,-&+*'*.)&+%"& /0#'*$1%&+#".'*$#&.*2$)%&%..*2%"*$#& 1#$&3#/%&1)&+)'+*&,F+.&+%".%'"*.%& 1*&1)*0*".)&.*2$)%&(')$$*".#&1#$&3#/%& +%03$#//)9%&1)&+)'+*&6547+.; <)/8'*&=F& >#/%&:5,2

!"#$%&%'#()*'+#,-./#+%&&*0,:#(*')# ;&*..*%0'#$2'#/*%1-0/:#(+*,)*0,# %33&-45#>$'5

!"#$%&%'#()*'+#,-./#&*0,#1-20'*0,#%0# -?%.#+1+&%./#(+*,)*0,#%33&-45!@$'# :2&&-20/+/#;<#;&*..*%0'#$2'#/*%1-0/:# A-&#%33&-4#8769$'

€#!$"%%&%%#'#($"%%&%%

€#,$%%%&%%#'#*%$%%%&%%

!"

G!H!AIJ&K!@!L!@MJN7-7647,E;)"11&&&4,

4:O76O,E&&&,=;F=


!'

"+

!$

"+ ='/$$(&#'&()(&*#%'+(&,-&+%)%.#&+('& 01/)%$2(&+/'.)%$/&.%3$#(&(..%3('%$/& 2/$&"/0(&2#&+#)+%&86:?+.&+('.()'%.(& 2%&2#%1%'.#&.%3$#(&1%)45#0/&/&3(++#%& 2/$&"/0(&+(1"$/00#7(&2#&+#)+%&,6:+.A 9#05)%&>D C/0(&@6D3 !"#$%&%'#()*'+#,-./#&*6,#1-36'*6,# %#$+6'&%.#-$'%,-6%.#$3'#+1+&%./# (+*,)*6,#%77&-9:#;5A>$'#43&&-36/+/# 0?#1%&23*4+#%6/#/&-7#$3'#/*%1-6/4# 8-&#%#'-'%.#-8#%77&-9:#!5A>$':

!"

€#$%&''(''#)#"%&''(''

!'

!$

='/$$(&#'&()(&*#%'+(&,-&+%)%.#&+('& 01/)%$2(&+/'.)%$/&(..%3('%$/&2/$& "/0(&2#&+#)+%&B6:?+.&+('.()'%.(& 2%&2#%1%'.#&.%3$#(&*)#$$%'./&"/)& +(1"$/00#7#&8+.&+#)+%A 9#05)%&:D C/0(&@6<3

='/$$(&#'&()(&*#%'+(&,-&+%)%.#&+('&5'& 2#%1%'./&+/'.)%$/&2/$&"/0(&2#&+#)+%& ,6>?+.&+('.()'%.(&2%&2#%1%'.#&.%3$#(& *)#$$%'./&"/)&+(1"$/00#7#&?6@?+.A 9#05)%&B< C/0(&,D6B3

!" !"#$$%&#'&()(&*#%'+(&,-&+%)%.#&/& 01%$.(&+('&2#%1%'.#&.%3$#(&1%)45#0/6& 3(++#%&/&*)#$$%'./&"/)&5'&"/0(& +(1"$/00#7(&2#&+#)+%&8+. 9#05)/&86:;<+1

!"#$%&%'#()*'+#,-./#&*6,#1-36'*6,# %6#-$'%,-6%.#$3'#+1+&%./#(+*,)*6,# %77&-9:#B5A>$'#43&&-36/+/#0?# 0&*..*%6'#$3'#/*%1-6/4#8-&#%77&-9:#;$'

!"#$%&%'#()*'+#,-./#&*6,#(*')# %#$+6'&%.#/*%1-6/#(+*,)*6,# %77&-9:!5=>$'#43&&-36/+/#0?#0&*..*%6'# $3'#/*%1-6/4#8-&#%#'-'%.#%77&-9:# >5@>$'#

!"#$%&%'#()*'+#,-./#0&--$)#(*')# 1%&23*4+5#0&*..*%6'#%6/#/&-7# /*%1-6/4##8-&#%77&-9:#;$'#-<+&%..5# ,&++6#+6%1+.:

€#!%'''(''#)#,%'''(''

€#&%'''(''#)#*%'''(''

€#$%&''(''#)#"%'''(''

!!

E=F=GHI&J=!=K=!LIM?-?D8?,@A#'22&&&88

8<N?DN,@&&&,:A:-


A;

AA

A=

AA

A= A;

)L8KKJ!89!CPC!O8J9EC!52!EJPJA8!EC9! :8JFJ9A8!AJSK8C!OP8KKJ9AHU!OJSBHAAH!H! FJP`B8@H!LHP!B9!ACAJKH!:8!E8PEJ!=EAU! H ]DIÀUL WRQGR SHU FRPSOHVVLYL FW E8PEJ7 M8@BPH!QZ3EF VH@C!52UQS

,9HKKC!CPC!O8J9EC!52!EJPJA8!EC9! PBO89C!EH9APJKH!O8PFJ9C!AJSK8C!AC9:C! :8!4U31EA!EC9!:BH!:8JFJ9A8!KJAHPJK8!:8! E8PEJ!5U=1EA!E8J@EB9C7 M8@BPJ!Q5 VH@C!=U>S &HUWLÀFDWR ,*,

,9HKKC!EC9APJP8_!89!CPC!O8J9EC!52! FDUDWL FRQ XQR ]DIÀUR HG XQ UXELQR AJSK8C!AP8J9SCKC!:HK!LH@C!:8!E8PEJ! 5U>1EA!H!:8JFJ9A8!AJSK8C!OJSBHAAH!LHP! E8PEJ!5EA7 M8@BPJ!>> VH@C!51U3S

12/.'&'$/5"-$)/%#46/7&##."/5-$"/ 7&-44-'8$/7'%;)$$)/'86/:'&X;-*)/ 6-':#86*/5)-%"-8%/'((&#<=/'.$/ #E)&'44/'86/&#;86/*'(("-&)*/A#&/ '((&#<=J.$/-8/$#$'4=

12/.'&'$/5"-$)/%#46/&-8%/:#;8$-8%/ '/.)8$&'4/&#;86/.;$/&;73/5)-%"-8%/ C?J>.$/5-$"/$5#/&#;86/6-':#86*/'$/ $")/*-6)*/'((&#<=/1?F>.$/)'."=

12/.'&'$/5"-$)/%#46/.#8$&'&-D/&-8%/ :#;8$-8%/'/$&'-8%;4'&/.;$/&;73/'8/ *'(("-&)/5)-%"-8%/'((&#<=/1?@>.$/ '86/7'%;)$$)/.;$/6-':#86*/A#&/ '((&#<=1.$/#E)&'44=

€(@<=>>?>>(5(:<=>>?>>

€(=<>>>?>>(5(C<>>>?>>

€(@<>>>?>>(5(:<>>>?>>

+E

+,',$-%!*,),.,)/%012134156789::!!!43

4;<13<56!!!547=Q


AC

AC

AB

AB

)L8KKJ!89!CPC!S8JKKC!52!EJPJA8!EC9!LJT_! :8!:8JFJ9A8!:HK!LH@C!ECFLKH@@8TC!:8! E8PEJ!>EA!H!33!JE`BHFJP89H!AJSK8C! 9JTHAAH!LHP!B9!ACAJKH!:8!E8PEJ!42EA7 M8@BPH!QZ>U>EF VH@C!3QUQS

*LURFROOR ÀUPDWR 6FDYLD LQ RUR S8JKKC!52!EJPJA8!EC9!35!@DHPH!:8! JE`BJFJP89J!89AHPEJKJAH!:J!OCBKH@! 89!CPC!S8JKKC!52!EJPJA8U!LH9:H9AH! EH9APJKH!EC9!LJT_!:8!:8JFJ9A8!AJSK8C! OP8KKJ9AH!:HK!LH@C!:8!E8PEJ!5EA!EC9! JE`BJFJP89J!EJOCENC9!H!3!OCBKH!:8! PBO89C7 &B9SNHIIJ!=4EF VH@C!>>U4S ,@ABEE8C!CP8S89JKH7

12/.'&'$/%#46/7&##."/:#;8$-8%/ JJ/8'E)$$)/.;$/'.X;':'&-8)/'86/ 6-':#86/('ED/*)$$-8%=

[).I4'.)/*-%8)&/K.'E-'/-8/12/.'&'$/ 3)44#5/%#46/5-$"/J1/'X;':'&-8)/ 7)'6*/'86/'/.)8$&'4/:#$-A/5-$"/ 7&-44-'8$/.;$/('ED/*)$$-8%/'86/'/ .'7#."#8/'X;':'&-8)/'86/J/&;73/ 7)'6*=

€(:<>>>?>>(5(A<>>>?>>

€(:<>>>?>>(5(A<>>>?>>

+O

+,',$-%!*,),.,)/%012134156789::!!!4=

4;<13<56!!!547=Q


;>

AE

AD

AD AE

;>

)JBAC8P!89!CPC!O8J9EC!52!EJPJA8!EC9! ]DIÀUL WDJOLR URVHWWD SHU XQ WRWDOH GL E8PEJ!35U4EA7 &B9SNHIIJ!;1EF VH@C!55S

VH9:H9AH!89!CPC!O8J9EC!52!EJPJA8!EC9! JE`BJFJP89J!:HK!LH@C!:8!E8PEJ!>EA!H! :8JFJ9A8!AJSK8C!NB8A!NB8A7 &B9SNHIIJ!==EF VH@C!QU3S

!4'$-8;:/&-8%/:#;8$-8%/'/.;*"-#8/ .;$/*'(("-&)/5)-%"-8%/'((&#</N?@>.$/ *;&&#;86)6/73/7&-44-'8$/.;$/6-':#86*/ A#&/'((&#<=J.$/#E)&'44=

12/.'&'$/5"-$)/%#46/*';$-#&/5-$"/ &#*)$$)/.;$/*'(("-&)/5)-%"-8%/ '((&#<=/J1?C.$/-8/$#$'4=

12/.'&'$/5"-$)/%#46/()86)8$/5-$"/ '((&#<=/@.$/'.X;'&-8)/'86/";-$/";-$/ 6-':#86*=

€(:<=>>?>>(5(A<=>>?>>

€(:<>>>?>>(5(A<>>>?>>

€(;>>?>>(5(B>>?>>

$QHOOR LQ SODWLQR FRQ ]DIÀUR &H\ORQ AJSK8C!EB@E89C!:HK!LH@C!:8!E8PEJ! ;U>1EA!EC9ACP9JAC!:J!:8JFJ9A8!AJSK8C! OP8KKJ9AH!LHP!B9!ACAJKH!:8!E8PEJ!3EA7 M8@BPJ!>3 VH@C!5;U2S

+N

+,',$-%!*,),.,)/%012134156789::!!!4>

4;<13<56!!!547=Q


!#

!!

!(

!)

!*

!#

!!

?'2$$(&?).&H2+I&#'&%)12'.(&2&()(& 1#%$$(&,-&+%)%.#&+('&)3*#'(&+2'.)%$2& .%1$#(&(J%$2&/2$&"29(&/#&+#)+%&,+.& +('.()'%.(&/%&/#%0%'.#&($/&+3.&"2)& 3'&.(.%$2&/#&+#)+%&,+.7 <#93)%&6: 829(&45,1

!"#$$%&#'&()(&*#%'+(&,-&+%)%.#&+('& /#%0%'.#&.%1$#(&*)#$$%'.2&2&*%132..2& "2)&3'&.(.%$2&/#&456+.7 829(&,:5;1 <#93)2&=5=>;56+0 !"#$%&%'#()*'+#,-./#0&--$)#(*')# 0&*..*%1'#%1/#0%,2+''+#$2'#/*%3-1/4# (+*,)*1,#567$'#*1#'-'%.8

C&'#D+$E#!"#$%&%'#F+..-(#,-./#%1/# 4*.B+&#&*1,#3-21'*1,#%1#-B%.#&20F# (+*,)*1,#%>>&-?8!$'#42&&-21/+/# 02#-./#$2'#/*%3-1/4#=-&#%#'-'%.#-=# %>>&-?8!$'8

€"#$%%%&%%"'"($%%%&%%

!)

€"#$)%%&%%"'"($%%%&%% !* !(

?'2$$(&%''#&@=:&#'&()(&*#%'+(&,-& +%)%.#&+('&/#%0%'.#&.%1$#(&*)#$$%'.2& 2&*%132..2&"2)&3'&.(.%$2&/#&+#)+%& =56:+.7 <#93)%&=A 829(&,-541

B)2++C#'#&#'#G#(&KA::&#'&()(&1#%$$(&,-& +%)%.#&2&%)12'.(&+('&/#%0%'.#&($/&+3.& "2)&3'&.(.%$2&/#&+#)+%&;56:+.&7

B)2++C#'#&#'&()(&*#%'+(&,-&+%)%.#& +(0"(9.#&/%&D:&/#%0%'.#&.%1$#(& *)#$$%'.2&"2)&3'&.(.%$2&/#&+#)+%&E+.7 F3'1C2GG%&D56+0 829(&,E5=:1

!9;;<4#!"#$%&%'#F+..-(#-./#%1/#4*.B+&# +%&&*1,4#(*')#-./#$2'#/*%3-1/4# (+*,)*1,#%>>&-?8#G67;$'#*1#'-'%.8

!"#$%&%'#()*'+#,-./#+%&&*1,4#(*')# @;#0&*..*%1'#$2'#/*%3-1/4#(+*,)*1,# %>>&-?8#A$'#-B+&%..8

!9:;<4#!"#$%&%'#()*'+#,-./#&*1,# 3-21'*1,#0&*..*%1'#%1/#0%,2+''+# /*%3-1/4#=-&#%#'-'%.#-=#%>>&-?8# :67;$'8

€"#$)%%&%%"'"($%%%&%%

€"*$)%%&%%"'"!$)%%&%%

€"*$%%%&%%"'"!$%%%&%%

!"

L?M?BNO&P?!?H?!QOR:-:D;:,E7#'//&&&;4

;AS:DS,E&&&,47;4


;B

;C

;D

;C

;D

$PHEEN898!LH9:H9A8!@A8KH!,PA!.HEa!89! CPC!O8J9EC!52!EJPJA8!EC9!:8JFJ9A8! AJSK8C!OP8KKJ9AH!LHP!B9!ACAJKH!:8!5EA! FLUFD H ]DIÀUL FDERFKRQ D JRFFLD :HK!LH@C!ECFLKH@@8TC!:8!E8PEJ!4U>EA7 VH@C!53S &B9SNHIIJ!QU>EF

,9HKKC!89!CPC!O8J9EC!52!EJPJA8!EC9! ]DIÀUR FHQWUDOH WDJOLR RWWDJRQDOH :HK!LH@C!:8!E8PEJ!3EA!EC9ACP9JAC!:J! :8JFJ9A8!AJSK8C!OJSBHAAH!LHP!4EA! E8PEJ7 M8@BPJ!Q37 VH@C!QU6S

12/.'&'$/5"-$)/%#46/8).I4'.)/*-%8)6/ !)6)&L'8-/5-$"/7&-44-'8$/.;$/6-':#86*/ #A/'((&#<=/>?@>.$/-8/$#$'4=

12/.'&'$/#46/()86)8$/)'&&-8%*/ :#;8$-8%/7&-44-'8$/.;$/6-':#86*/ A#&/'/$#$'4/#A/'((&#<=/1.$/'86/$5#/ .'7#."#8/*'(("-&)/6&#(*/5)-%"-8%/'/ $#$'4/#A/'((&#<=/C?@.$=

12/.'&'$/5"-$)/%#46/&-8%/:#;8$-8%/ '/.)8$&'4/#.$'%#8'4/.;$/*'(("-&)/ 5)-%"-8%/'((&#<=/J.$/*;&&#;86)6/73/ 7'%;)$$)/.;$/6-':#86*/A#&/'/$#$'4/#A/ '((&#<=/C.$=

€(;<>>>?>>(5(B<>>>?>>

€(@<=>>?>>(5(:<>>>?>>

€(:<>>>?>>(5(A<>>>?>>

;B *LURFROOR ÀUPDWR 3HGHU]DQL LQ RUR O8J9EC!52!EJPJA8!H!:8JFJ9A8!AJSK8C! OP8KKJ9AH!:HK!LH@C!ECFLKH@@8TC!:8! E8PEJ!1U>1EA7 VH@C!5>1S &B9SNHIIJ!32EF

+.

+,',$-%!*,),.,)/%012134156789::!!!46

4;<13<56!!!547=Q


=>

;E

=@

=: => $PHEEN898!89!LKJA89C!EC9!:8JFJ9A8! AJSK8C!OP8KKJ9AH!H!OJSBHAAH!LHP!B9! ACAJKH!:8!E8PEJ!51EA! &B9SNHIIJ!6U>EF! VH@C!46U3S !4'$-8;:/)'&&-8%*/5-$"/7&-44-'8$/'86/ 7'%;)$$)/.;$/6-':#86*/A#&/'/$#$'4/#A/ '((&#<-:'$)43/1>.$

€(;<=>>?>>(5(B<>>>?>>

=@ ;E $PCKCS8C!V8JSHA!J998!b61!!'HD!;4>! 89!CPC!O8J9EC!52!EJPJA8!H!:8JFJ9A8U!! `BJ:PJ9AH!ENJFLJS9H!EC9!89:8E8! PCFJ987! MCT8FH9AC!J!EJP8EJ!FJ9BJKH7!!

,9HKKC!89!LKJA89C!EC9!:8JFJ9AH! EH9APJKH!:HK!LH@C!:8!E8PEJ!4EA! EC9ACP9JAC!:J!:8JFJ9A8!AJSK8C! OP8KKJ9AH!LHP!E8PEJ!1UQ1EA!H!PBO898! EJPPW!LHP!B9!ACAJKH!:8!E8PEJ!5U41EA7 M8@BPJ!>> VH@C!QU54S

1NB>O*/12/.'&'$/5"-$)/%#46/!-'%)$/ 4'6-)*/5&-*$5'$."/&)A/NC@=/]-':#86/ 7)L)4?/."':('%8)/6-'4/5-$"/ &#:'8/8;:)&'4*=/\'8;'4/5-86-8%/ :#E):)8$=/

!4'$-8;:/&-8%/:#;8$-8%/.)8$&'4/ 7&-44-'8$/.;$/6-':#86/5)-%"-8%/ '((&#<=C.$/*;&&#;86)6/73/7&-44-'8$/ .;$/6-':#86*/A#&/'((&#<=>?Y>$/-8/ $#$'4/'86/.'&&D/.;$/&;7-)*/A#&/1?C>.$/ #E)&'44=

€(@<=>>?>>(5(:<=>>?>>

€(A<>>>?>>(5(;<>>>?>>

=: $PCKCS8C!89!CPC!O8J9EC!52!EJPJA8!H! :8JFJ9A8!AJSK8C!OP8KKJ9AH!H!FJP`B8@H! :HK!LH@C!:8!E8PEJ!3U>1EA7! MCT8FH9AC!J!EJP8EJ!FJ9BJKH7! *J@@J!5>FF VH@C!45S 12/.'&'$/5"-$)/%#46/'86/6-':#86*/ 5'$."=/\'8;'4/5-86-8%/:#E):)8$=/

€(D>>?>>(5(@<:>>?>>

+)

+,',$-%!*,),.,)/%012134156789::!!!42

4;<13<56!!!547=6


=A

=;

=; =A "8PCECKKC!89!EJBEE8c!EC9!:8JFJ9AH! EH9APJKH!AJSK8C!OP8KKJ9AH!:HK!LH@C!:8! E8PEJ!3U2QEA!!EC9ACP9JAC!:J!@FHPJK:8U! UXELQL H ]DIÀUL WDJOLR WRQGR *N8B@BPJ!89!CPC!O8J9EC!52!EJPJA87 &B9SNHIIJ!=5EF7! VH@C!QU;S M4'.I/^;77)&/8).I4'.)/5-$"/.)8$&'4/ 7&-44-'8$/.;$/6-':#86/5)-%"-8%/ '((&#<-:'$)43/J?2Y.$/*;&&#;86)6/ 73/&#;86/.;$/&;7-)*?/):)&'46*/'86/ *'(("-&)*=/12/.'&'$/5"-$)/%#46/.4'*(=

€(C<>>>?>>(5(E<>>>?>>

$QHOOR ÀUPDWR )DUDRQH LQ RUR ELDQFR FDUDWL FRQ ]DIÀUR ELUPDQR WRQGR :HK!LH@C!:8!3U32EAU!EJ@AC9H!H!SJFOC! EC9!LJTW!:8!:8JFJ9A8!AJSK8C!OP8KKJ9AH! :HK!LH@C!ECFLKH@@8TC!:8!1U64EA!E8PEJ7 VH@C!=U>1S M8@BPJ!>> &HUWLÀFDWR *56 12/.'&'$/5"-$)/%#46/&-8%/*-%8)6/ 9'&'#8)/:#;8$-8%/'/&#;86/.;$/ 7;&:)*)/*'(("-&)/5)-%"-8%/J?J2.$?/ 6-':#86/('ED/*)$$-8%/A#&/'/$#$'4/ 5)-%"$/#A/'((&#<=/>?BC.$= *56 FHUWLÀFDWH

(@E<>>>?>>(5(::<>>>?>>

+H

+,',$-%!*,),.,)/%012134156789::!!!4;

4;<13<56!!!547=6


== *LURFROOR ÀQH Ҋ FRPSRVWR GD ÀOL GL SHUOH QDWXUDOL GHO GLDPHWUR ECFLPH@C!APJ!4U2<=U5FF!FCA8TC! EH9APJKH!PHJK8IIJAC!EC9!OP8KKJ9A8!CK:! EBA!FC9AJA8!@B!JPSH9ACU!4!OJPPHAAH!H! FKLXVXUD DQFKҋHVVH FRQ GLDPDQWL ROG EBA!@B!OJ@H!89!JPSH9AC7! VH@C!ECFLKH@@8TC!:H8!:8JFJ9A8!:8! E8PEJ6EA7! &B9SNHIIJ!3>!EF VH@C!=Q73=!S ,@ABEE8C!CP8S89JKH7 S'$)/12N>O*/@/*$&-8%*/#A/8'$;&'4/ ()'&4*/:)'*;&-8%/A&#:/C?2ZF?1::/ 5-$"/.)8$&'4/:#$-A/5-$"/#46/.;$/ 6-':#86*/#8/*-4E)&/*)$$-8%?/'86/$5#/ *-6)/7'&*/'86/.4'*(/5-$"/#46/.;$/ 6-':#86*/:#;8$)6/#8/*-4E)&=/_E)&'44/ 6-':#86/5)-%"$/'((&#<=/B.$=

€(@D<>>>?>>(5(::<>>>?>>

E,

+,',$-%!*,),.,)/%012134156789::!!!31

4;<13<56!!!547=6


=B

=B )L8KKJ!J9A8EJ!89!CPC!S8JKKC!52!EJPJA8!H! JPSH9AC!EC9!:8JFJ9A8!CK:!EBA!LHP!B9! ACAJKH!:8!E8PEJ!3EA!!H!=!LHPKH!9JABPJK8! OJPCEENHU!:8JFHAPC!><6FF7 M8@BPJ!=Z>EF VH@C!5=U21S

=D

W8$-X;)/*-4E)&/'86/12/.'&'$/%#46/ 7&##."/5-$"/#46/.;$/6-':#86*/ 5)-%"-8%/'((&#<=/J.$/'86/F/8'$;&'4/ 7'&#X;)/()'&4*?/6-':)$)&/@ZB::

€(;<>>>?>>(5(B<>>>?>>

=C

=C

,9HKKC!LP8F8!b;11!89!CPC!S8JKKC!52! EJPJA8!H!JPSH9AC!EC9!LHPKJ!EH9APJKH! 9JABPJKH!:HK!:8JFHAPC!:8!2FF! EC9ACP9JAJ!:J!OP8KKJ9A8!CK:!EBA!:HK! LH@C!ECFLPH9@8TC!:8!E8PEJ!3EA7 M8@BPJ!>Q VH@C!>U;S

=D ,9HKKC!J9A8EC!89!CPC!S8JKKC!H!JPSH9AC! EC9!:BH!:8JFJ9A8!CK:!EBA!:HK!LH@C!:8! E8PEJ!4U>1EA!E8J@EB9C7 M8@BPJ!>4 VH@C!=U4S

P'&43/1N>>/12/.'&'$/3)44#5/%#46/ '86/*-4E)&/&-8%/:#;8$-8%/'/8'$;&'4/ ()'&4/2::/*;&&#;86)6/73/#46/.;$/ 6-':#86*/5)-%"-8%/'((&#<=/J.$

W8$-X;)/3)44#5/%#46/'86/*-4E)&/&-8%/ 5-$"/C/#46/.;$/6-':#86*/5)-%"-8%/ '((&#</C?@>.$/)'."=

€(:<=>>?>>(5(A<=>>?>>

€(@D<>>>?>>(5(::<>>>?>>

E-

+,',$-%!*,),.,)/%012134156789::!!!35

4;<13<56!!!547=6


B@

B>

=E

=E 2URORJLR $UW 'HFRҋ $XGHPDUV 3LJXHW 89!LKJA89C!H!:8JFJ9A87! MCT8FH9AC!J!EJP8EJ!FJ9BJKH! -d451236 eBJ:PJ9AH!P8@AJFLJAC7 0RYLPHQWR ÀUPDWR %UDFFLDOH FRPSRVWR GD ÀOH GL LHPK89H7 *J@@J!54FF VH@C5;U>S W;6):'&*/!-%;)$/W&$/]).#/4'6-)*/ (4'$-8;:/5&-*$5'$."/5-$"/6-':#86/ .'*)/'86/()'&4/7&'.)4)$=/\'8;'4/ 5-86-8%=/[;:7)&)6/.'*)?/:#E):)8$/ *-%8)6/W;6):'&*/!-%;)$=

€(A<>>>?>>(5(;<>>>?>>

B> 2URORJLR 3LDJHW 3 ÀQH DQQL Ҋ LQ CPC!O8J9EC!52!EJPJA8!H!:8JFJ9A8!LHP! B9!ACAJKH!:8!1U>1EA7 MCT8FH9AC!J!EJP8EJ!FJ9BJKH!EC9! ECPC9J!LC@AJ!@CAAC!JKKJ!EJ@@J7! eBJ:PJ9AH!JPSH9AW7! &B9SNHIIJ!5QEF7 *J@@J!6FF VH@C52UQS !-'%)$/1N@>O*/12/.'&'$/5"-$)/%#46/ 4'6-)*/5&-*$5'$."/5-$"/6-':#86/.'*)=/ \'8;'4/5-86-8%=

€(A<=>>?>>(5(;<=>>?>>

B@ $PCKCS8C![JHSHP!&H!*CBKAPH!89! CPC!O8J9EC!52!EJPJA8!H!:8JFJ9A87! MCT8FH9AC!J!EJP8EJ!FJ9BJKH7! &LQWXULQR H ÀEELD QRQ RULJLQDOL *J@@J!51FF R')%)&/S)/T#;4$&)/12/.'&'$/5"-$)/ %#46/'86/6-':#86/4'6-)*/5&-*$5'$."=/ \'8;'4/5-86-8%=

(@<=>>?>>(5(:<=>>?>>

E+

+,',$-%!*,),.,)/%012134156789::!!!34

4;<13<56!!!547=6


B:

B;

BA

B:

BA

B;

6SLOOD DQQL ҋ GL PDQLIDWWXUD DPJ9EH@HU!89!LKJA89C!EC9!:8JFJ9A8! AJSK8C!OJSBHAAH!H!OP8KKJ9AH!LHP!B9! ACAJKH!:8!E8PEJ!53EAU!:8T8@8O8KH!89!:BH! HKHFH9A8!@8FFHAP8E87! M8@BPH!6U>Z!4U>EF VH@C!=2U=1S

,9HKKC!89!CPC!O8J9EC!52!EJPJA8!EC9! PBO89C!EH9APJKH!:HK!LH@C!:8!E8PEJ! 4EA!EC9ACP9JAC!:J!:8JFJ9A8!AJSK8C! FJP`B8@H!:HK!LH@C!:8!E8PEJ!4U61EA! ACAJK87 M8@BPJ!Q1 VH@C!QU=S

)L8KKJ!,PA!.HEa!89!CPC!O8J9EC!52! EJPJA8!EC9!:8JFJ9A8!AJSK8C!OP8KKJ9AHU! CK:!EBA!H!OJSBHAAH!LHP!B9!ACAJKH!:8! E8PEJ!3EAU!PBO898!EJPPW!LHP!E8PEJ!5EA! H:!B9!PBO89C!CTJKH!:HK!LH@C!:8!5U>EA! E8PEJ7 M8@BPJ!=U>Z4U>EF VH@C!5QU2S

1NF>O*/6)$'."'74)/(4'$-8;:/7&##."/ :#;8$-8%/7&-44-'8$/'86/7'%;)$$)/ 6-':#86*/A#&/'/$#$'4/#A/'((&#<=/1J.$=/ 9&)8."/"'44:'&I*=

12/.'&'$/5"-$)/%#46/&-8%/:#;8$-8%/ '8/#E'4/&;73/5)-%"-8%/'((&#<=/ C.$/*;&&#;86)6/73/:'&X;-*)/.;$/ 6-':#86*/A#&/'((&#<=/C?B>.$/-8/$#$'4=

W&$/]).`/(4'$-8;:/7&##."/5-$"/ 7&-44-'8$?/#46/.;$/'86/7'%;)$$)/ 6-':#86*/5)-%"-8%=

€(C<>>>?>>(5(E<>>>?>>

€(A<>>>?>>(5(;<>>>?>>

€(:<=>>?>>(5(;<>>>?>>

EE

+,',$-%!*,),.,)/%012134156789::!!!33

4;<13<56!!!547=6


BB

BC

B=

B=

BC BB

$QHOOR LQ SODWLQR ÀUPDWR %XFFHOODWL EC9!:8JFJ9AH!EH9APJKH!:8!E8PEJ! 4U51EA!EC9ACP9JAC!:J!:8JFJ9A8!AJSK8C! OP8KKJ9AH!H!CK:!EBA!LHP!B9!ACAJKH!:8!5EA! E8PEJ7 M8@BPJ!>3 VH@C!2U3;S ,@ABEE8C!CP8S89JKH7

*CKKJ9J!EC9!6;!LHPKH!9JABPJK8! O8J9ENH!EC9!:8JFHAPC!3U4<6U>FFU! EN8B@BPJ!89!CPC!O8J9EC!52!EJPJA8!EC9! :8JFJ9A8!AJSK8C!OP8KKJ9AH!LHP!B9!ACAJKH! :8!E8PEJ!5EA7 &B9SNHIIJ!==EF VH@C!41U=S &HUWLÀFDWR &,6*(0

*CKKJ9J!EC9!533!LHPKH!:8!EB8!KH! FHQWUDOL FHUWLÀFDWH QDWXUDOL FRQ :8JFHAPC!3<QFF!EC9!EN8B@BPJ!89!CPC! 52!EJPJA8!EC9!:8JFJ9A8!NB8A!NB8A!H!B9J! LHPKJ!:8!>FF7 &B9SNHIIJ!=;EF VH@C!6UQS &HUWLÀFDWR &,6*(0

!4'$-8;:/&-8%/*-%8)6/M;..)44'$-/ 5-$"/'/.)8$&'4/6-':#86/5)-%"-8%/ '((&#<=C?1>.$/*;&&#;86)6/73/7&-44-'8$/ '86/#46/.;$/6-':#86*/A#&/'((&#<=/1.$/ -8/$#$'4=

K-8%4)/*$&-8%/#A/BN/8'$;&'4/()'&4*?/ 6-':)$&)&/J?CZB?@::?/12/.'&'$/5"-$)/ %#46/.4'*(/5-$"/7&-44-'8$/.;$/6-':#86*/ 5)-%"-8%/'((&#</1.$=

K-8%4)/*$&-8%/#A/1JJ/()'&4*/#A/5"-."/ FHUWLÀHG DV QDWXUDO SHDUOV 6-':)$)&/JZY::?/12/.'&'$/5"-$)/%#46/ .4'*(/5-$"/";-$/";-$/6-':#86*/'86/ @::/()'&4=

€(D<>>>?>>(5(@><>>>?>>

€(@:<>>>?>>(5(@;<>>>?>>

€(:<=>>?>>(5(A<=>>?>>

EO

+,',$-%!*,),.,)/%012134156789::!!!3=

4;<13<56!!!547=6


BE

C>

BE BD ,9HKKC!89!CPC!O8J9EC!52!EJPJA8!EC9! :8JFJ9AH!AJSK8C!PHAAJ9SCKJPH!:HK! LH@C!:8!4U=4EA7 M8@BPJ!>3 VH@C!373S &HUWLÀFDWR ,*, 12/.'&'$/5"-$)/%#46/&-8%/:#;8$-8%/'/ &).$'8%;4'&/.;$/6-':#86/5)-%"-8%/ C?FC.$= ,*, &HUWLÀFDWH

€(B<>>>?>>(5(D<>>>?>> BD C> 6SLOOD DQQL ҋ LQ DUJHQWR H RUR JLDOOR 52!EJPJA8!EC9!:8JFJ9A8!AJSK8C!NB8A!NB8A! H!OP8KKJ9AH!:HK!LH@C!ECFLKH@@8TC!:8! E8PEJ!4EAU!@FHPJK:8!AJSK8C!CAAJSC9JKH! LHP!ACAJK8!4EA!E8PEJ7!VB9IC9H!:HK! DJ@E8C7 M8@BPH!=ZQ VH@C!4QS

,9HKKC!89!CPC!O8J9EC!52!EJPJA8!EC9! @FHPJK:C!EH9APJKH!AJSK8C!CAAJSC9JKH! :HK!LH@C!:8!E8PEJ!4U31EA!H!:BH! :8JFJ9A8!KJAHPJK8!AJSK8C!OJSBHAAH!LHP! B9!ACAJKH!:8!5UQ1EA!E8PEJ7 M8@BPJ!=2 VH@C!QU6S

1NC>O*/*-4E)&/'86/12/.'&'$/%#46/ 7&##."/5-$"/7&-44-'8$/'86/";-$/";-$/ 6-':#86*/A#&/'/$#$'4/#A/'((&#<=/C.$?/ #.$'%#8'4/.;$/):)&'46*/5)-%"-8%/ '((&#<=/C.$/-8/$#$'4=

12/.'&'$/5"-$)/%#46/&-8%/5-$"/'/ .)8$&'4/#.$'%#8'4/.;$/):)&'46/ 5)-%"-8%/'((&#<=/C?J>.$/'86/$5#/ 7'%;)$$)/6-':#86*/'$/$")/*-6)*/A#&/'/ $#$'4/#A/'((&#<=/1?Y>.$=

€(;>>?>>(5(B>>?>>

€(@><>>>?>>(5(@A<>>>?>>

EN

+,',$-%!*,),.,)/%012134156789::!!!3>

4;<13<56!!!547=6


CA

C@

C@ )L8KKJ!J9A8EJ!89!CPC!S8JKKC!52!EJPJA8! H!JPSH9AC!EC9!B9J!LHPKJ!9JABPJKH! OJPCEEJ!KB9SJ!2U;FFU!:8JFJ9A8! AJSK8C!NB8A!NB8AU!CK:!EBA!H!SCEE8J! LHP!B9!ACAJKH!:8!E8PEJ!5EAU!PBO898! AJSK8C!CTJKH!:HK!LH@C!:8!E8PEJ!5U>EAU! VPHUODGL SHU FW FLUFD H ]DIÀUL SHU E8PEJ!1U21EA7 M8@BPH3Z3U>EF VH@C!51UQS W8$-X;)/12/.'&'$/3)44#5/%#46/'86/ *-4E)&/7&##."/5-$"/'/7'&#X;)/8'$;&'4/ ()'&4/2?N::/4#8%?/#46/.;$?/";-$/ ";-$/'86/6&#(/6-':#86*/5)-%"-8%/ '((&#<=/1.$/-8/$#$'4?/&#;86/&;7-)*/A#&/ '((&#<=1?@.$?/):)&'46*/A#&/'((&#</ >?@>.$/'86/*'(("-&)*/A#&/'((&#</ >?2>.$

€(@<>>>?>>(5(:<>>>?>>

C: CA

C: VH9:H9AH!J9A8EC!89!CPC!S8JKKC!52! EJPJA8!H!JPSH9AC!EC9!LHPKJ!9JABPJKH! :8!>U>FF!H!:8JFJ9A8!CK:!EBA!LHP!B9! ACAJKH!:8!E8PEJ!5EA!FC9AJAC!@B!B9J! EJAH989J!89!CPC!O8J9EC!52!EJPJA87

6SLOOD DQQL Ò‹ LQ DUJHQWR H RUR JLDOOR 52!EJPJA8!EC9!:8JFJ9A8!AJSK8C!NB8A!NB8A! H!OP8KKJ9AH!:HK!LH@C!ECFLKH@@8TC!:8! E8PEJ!4EAU!@FHPJK:8!AJSK8C!CAAJSC9JKH! LHP!ACAJK8!4EA!E8PEJ7!VB9IC9H!:HK! DJ@E8C7 M8@BPH!=ZQ VH@C!4QS

W8$-X;)/12/.'&'$/3)44#5/%#46/'86/ *-4E)&/()86)8$/:#;8$-8%/'/@?@::/ 8'$;&'4/()'&4/'86/#46/.;$/6-':#86*/ A#&/'((&#<=1.$/#E)&'44=

1NC>O*/*-4E)&/'86/12/.'&'$/%#46/ 7&##."/5-$"/7&-44-'8$/'86/";-$/";-$/ 6-':#86*/A#&/'/$#$'4/#A/'((&#<=/C.$?/ #.$'%#8'4/.;$/):)&'46*/5)-%"-8%/ '((&#<=/C.$/-8/$#$'4=

€(@<=>>?>>(5(:<=>>?>>

€(@<D>>?>>(5(:<=>>?>>

E>

+,',$-%!*,),.,)/%012134156789::!!!3Q

4;<13<56!!!547=6


C;

C=

C; VJPBPH!ECFLC@AJ!:Jf!CPHEEN898!89!CPC! O8J9EC!52!EJPJA8!EC9!:BH!@FHPJK:8! EH9APJK8!:8!E8PEJ!4U>1EA!EC9ACP9JA8!:J! :8JFJ9A8!AJSK8C!FJP`B8@H7 ,9HKKC!EC9!@FHPJK:C!EH9APJKH! CAAJSC9JKH!:HK!LH@C!:8!E8PEJ!3U>EA! EC9ACP9JAC!:!:8JFJ9A8!AJSK8C! FJP`B8@H7 M8@BPJ!J9HKKC!>>7! M8@BPH!CPHEEN898!5U>Z4EF 12/.'&'$/5"-$)/%#46/('&;&)/ .#8*-*$-8%/#A+/)'&&-8%*/5-$"/$5#/ .)8$&'4/):)&'46*/5)-%"-8%/'((&#<=/ C?@>.$/*;&&#;86)6/73/:'&X;-*)/.;$/ 6-':#86*= ^-8%/5-$"/'/.)8$&'4/):)&'46/5)-%"-8%/ '((&#</J?@>.$/*;&&#;86)6/73/ :'&X;-*)/6-':#86*=

VJPBPH!ECFLC@AJ!:Jf OPJEE8JKH!@HF8P8S8:C!89!CPC!O8J9EC!52! EJPJA8!EC9!:8JFJ9A8!AJSK8C!OP8KKJ9AH! :HK!LH@C!ECFLKH@@8TC!:8!E8PEJ!QEA!H!3! @FHPJK:8!CTJK8!:8!E8PEJ!=EA!ACAJK87 VH9:H9AH!89!CPC!O8J9EC!52!EJPJA8!EC9! B9C!@FHPJK:C!AJSK8C!`BJ:PJAC!:8!E8PEJ! 4EA!H!:8JFJ9A8!AJSK8C!OP8KKJ9AH!LHP!B9! ACAJKH!:8!E8PEJ!6EA!FC9AJAC!@B!B9J! EJAH989J!89!CPC!O8J9EC!52!EJPJA87 M8@BPH!89AHP9J!OPJEE8JKH!>U>EF7! M8@BPJ!LH9:H9AH!6Z=U>EF7! M8@BPJ!EJAH989J!=2EF VH@C!=2S

C=

12/.'&'$/5"-$)/%#46/('&;&)/5-$"/ #46/.;$/6-':#86*/'86/):)&'46*/ .#8*-*$-8%/#A+/*):-/&-%-6/7'8%4)/ 5-$"/'/J/#E'4/.;$/):)&'46/5)-%"-8%/ '((&#<=/F.$/#E)&'44/'86/7&-44-'8$/.;$/ 6-':#86*/A#&/'((&#<=/Y.$=/ !)86)8$/5-$"/'/*X;'&)/.;$/):)&'46/ 5)-%"-8%/'((&#<=C.$/'86/7&-44-'8$/.;$/ 6-':#86*/A#&/B.$/-8/$#$'4= /

€(A<>>>?>>(5(;<>>>?>>

€(=<>>>?>>(5(B<>>>?>>

E.

+,',$-%!*,),.,)/%012134156789::!!!36

4;<13<56!!!547=6


CB CD

CC

CB &ROODQD FRPSRVWD GD ÀOL GL ERXOH GL ]DIÀUL LQWHUFDODWH GD VIHUH H EDUUHWWH 89!CPC!S8JKKC!52!EJPJA8 &B9SNHIIJ!3QEF VH@C!2>U2S @/*$&-8%*/#A/*'(("-&)/()'&4*/5-$"/12/ .'&'$/3)44#5/%#46/7)'6*=

€(=>>?>>(5(C>>?>> CD CC ,9HKKC!89!CPC!S8JKKC!52!EJPJA8! EC9!Q!:8JFJ9A8!CK:!EBA!:HK!LH@C! FRPSOHVVLYR GL FLUFD FW H ]DIÀUL AC9:8!LHP!5U41EA!ACAJK87 M8@BPJ!>5 VH@C!QS

)L8KKJ!89!CPC!52!EJPJA8U!S8JKKC!H!O8J9EC! EC9!:8JFJ9A8!CK:!EBA!H!NB8A!NB8A!LHP! FLUFD FW H ]DIÀUL WRQGL GHO SHVR ECFLKH@@8TC!:8!E8PEJ!1U>1EA7 M8@BPJ!>Z3EF VH@C!5QU3S

12/.'&'$/3)44#5/%#46/&-8%/:#;8$-8%/ Y/#46/.;$/6-':#86*/5)-%"-8%/ '((&#<=1?C>.$/'86/&#;86/*'(("-&)*/ A#&/'/$#$'4/#A/'((&#<=1?C>.$

12/.'&'$/5"-$)/'86/3)44#5/7&##."/ 5-$"/#46/.;$/'86/";-$/";-$/6-':#86*/ A#&/'((&#<=/1?@>.$/#E)&'44/'86/&#;86/ .;$/*'(("-&)*/5)-%"-8%/'((&#<=/ >?@>.$/-8/$#$'4=

€(@<>>>?>>(5(@<=>>?>>

€(@<:>>?>>(5(:<:>>?>>

E)

+,',$-%!*,),.,)/%012134156789::!!!32

4;<13<56!!!547=6


CE

D@

D>

CE RPJEE8JKH!89!CPC!52!EJPJA8U!O8J9EC! H!S8JKKCU!EC9!4>!ABPENH@8!AJSK8C! FJP`B8@HU!:8JFJ9A8!AJSK8C!OP8KKJ9AH! SHU FLUFD FW H ]DIÀUL WRQGR GHO SHVR :8!E8PEJ!3EA7 &B9SNHIIJ!52EF VH@C!35U6S 12/.'&'$/5"-$)/'86/3)44#5/%#46/ 7&'.)4)$/:#;8$-8%/C@/:'&X;-*)/.;$/ $;&X;#-*)*?/7&-44-'8$/.;$/6-':#86*/ 5)-%"-8%/'((&#<=/2.$/'86/&#;86/.;$/ *'(("-&)*/A#&/'((&#<=J.$=

€(A<=>>?>>(5(;<=>>?>>

D> D@ ,9HKKC!89!CPC!O8J9EC!52!EJPJA8!EC9! ]DIÀUR FHQWUDOH WDJOLR RYDOH GHO SHVR :8!4U6;EA!EC9ACP9JAC!:J!:8JFJ9A8! AJSK8C!OP8KKJ9AH!LHP!4UQ1EA7 M8@BPJ!>= VH@C56U=1S

RPJEE8JKH!89!CPC!S8JKKC!52!EJPJA8!H! @FJKAC!EC9!5>!:8JFJ9A8!CK:!EBA!H! AJSK8C!FC:HP9C!LHP!ECFLKH@@8T8!;EA! E8PEJ7 M8@BPJ!89AHP9J!>U>EF VH@C!>6U=1S

12/.'&'$/5"-$)/%#46/&-8%/5-$"/'/ .)8$&'4/*'(("-&)/5)-%"-8%/C?BN.$/ *;&&#;86)6/73/7&-44-'8$/.;$/6-':#86*/ A#&/'/$#$'4/#A/C?Y>.$=

12/.'&'$/3)44#5/%#46/'86/)8':)4/ 7'8%4)/5-$"/1@/#46/.;$/6-':#86*/ 5)-%"-8%/'((&#<=/N.$/#E)&'44=

€(A<>>>?>>(5(;<>>>?>>

€(C<=>>?>>(5(E<=>>?>>

EH

+,',$-%!*,),.,)/%012134156789::!!!3;

4;<13<56!!!547=6


D;

D:

DA

D; D: DA

)L8KKJ!J!AP8J9SCKC!89!CPC!52!EJPJA8U! O8J9EC!H!S8JKKCU!EC9!:8JFJ9A8!CK:! EBA!H!NB8A!NB8A!LHP!B9!ACAJKH!:8!E8PEJ! 1U61EA7 M8@BPH!3Z>U>EF VH@C!6S

*CLL8J!:8!@L8KKH!89!CPC!S8JKKC!52!EJPJA8! EC9!PBO898!AJSK8C!CTJKH!LHP!B9!ACAJKH! :8!E8PEJ!5EA!H!:8JFJ9A8!AJSK8C!NB8A!NB8A! LHP!ECFLKH@@8T8!1U41EA!ECFLKH@@8T87 M8@BPH!=Z=EF VH@C!4;U51S

RPJEE8JKH!P8S8:C!89!CPC!S8JKKC!H!O8J9EC! 52!EJPJA8!EC9!:8JFJ9A8!AJSK8C!OP8KKJ9AH! H!OJSBHAAH!LHP!B9!ACAJKH!:8!E8PEJ!4EA7 M8@BPJ!89AHP9J!>U>EF VH@C!=QU=EA

!'-&/#A/12/.'&'$/3)44#5/%#46/7&##.")*/ 5-$"/#E'4/.;$/&;7-)*/'86/";-$/";-$/ 6-':#86*=

12/.'&'$/3)44#5/'86/5"-$)/%#46/ 7'8%4)/5-$"/7&-44-'8$/'86/7'%;)$$)/.;$/ 6-':#86*/A#&/'/$#$'4/#A/'((&#<=/C.$

a&-'8%;4'&/7&##."/-8/12/.'&'$/ 3)44#5/'86/5"-$)/%#46/5-$"/";-$/";-$/ '86/#46/.;$/6-':#86*/5)-%"-8%/ '((&#<=>?B>.$/#E)&'44=

€(=>>?>>(5(D>>?>>

€(D>>?>>(5(@<:>>?>>

€(;>>?>>(5(B>>?>>

O,

+,',$-%!*,),.,)/%012134156789::!!!=1

4;<13<56!!!547=6


DC

DB

D=

DC DB D= )L8KKJ!89!CPC!O8J9EC!52!EJPJA8! EC9!:8JFJ9A8!AJSK8C!OP8KKJ9AH!LHP! ECFLKH@@8T8!1U>1EA M8@BPH!3Z4EF VH@C!>U=S!

*LURFROOR FRPSRVWR GD ÀOL GL SHUOH ECKA8TJAH!EC9!:8JFHAPC!6U;FFU! EN8B@BPJ!89!LKJA89C!EC9!:8JFJ9A8! AJSK8C!OP8KKJ9AH!H!CK:!EBA!LHP!B9!ACAJKH! ECFLKH@@8TC!:8!E8PEJ!2EA7 &B9SNHIIJ!3QEF VH@C!555U2S

$QHOOR LQ RUR ELDQFR FDUDWL ÀUPDWR VH:HPIJ98!EC9!B9J!LHPKJ!EH9APJKH! ECKA8TJAJ!:8!5QU>FF!EC9ACP9JAJ!:J! :8JFJ9A8!AJSK8C!FJP`B8@H!H!OP8KKJ9AH! LHP!B9!ACAJKH!:8!E8PEJ!4EA7 M8@BPJ!>5 VH@C!5>U6S

12/.'&'$/5"-$)/%#46/7&##."/5-$"/ 7&-44-'8$/.;$/6-':#86*/A#&/'/$#$'4/#A/ '((&#<=/>?@>.$/

a"&))/*$-8%*/#A/.;4$;&)6/()'&4*?/ 6-':)$)&/B?N::?/(4'$-8;:/.4'*(/ 5-$"/7&-44-'8$/'86/#46/.;$/6-':#86*/ 5)-%"-8%/'((&#<=2.$/#E)&'44=

12/.'&'$/5"-$)/%#46/&-8%/*-%8)6/ !)6)&L'8-/:#;8$-8%/'/.)8$&'4/ .;4$;&)6/()'&4/:)'*;&-8%/1Y?@::/ *;&&#;86)6/73/:'&X;-*)/'86/7&-44-'8$/ .;$/6-':#86*/5)-%"-8%/'((&#<=/C.$/ #E)&'44=

€(;>>?>>(5B>>?>>

€(:<=>>?>>(5(A<=>>?>>

€(@<>>>?>>(5(:<>>>?>>

O-

+,',$-%!*,),.,)/%012134156789::!!!=5

4;<13<56!!!547=6


DD

DE DD *LURFROOR FRPSRVWR GD WUH ÀOL GL @DHPH!@EN8JEE8JAH!:8!CLJKH!9CO8KH!EC9! FKLXVXUD D ÀRUH LQ RUR JLDOOR FDUDWL 8FLPHI8C@8AJ!:J!:8JFJ9A8!H!PBO898! AC9:8!H:!B9!@FHPJK:C!EJOCENC9!:HK! LH@C!:8!E8PEJ!4EA7! &B9SNHIIJ!=4EF VH@C!3=U3S ,@ABEE8C!CP8S89JKH7 a"&))/*$&-8%*/#A/#('4/7)'6*/5-$"/12/ .'&'$/3)44#5/%#46/.4'*(/:#;8$-8%/ &#;86/.;$/6-':#86*/'86/&;7-)*/'86/ '/.)8$&'4/.'7#."#8/.;$/):)&'46/ 5)-%"-8%/'((&#<=/C.$=

€(:<>>>?>>(5(A<>>>?>>

DE ,9HKKC!89!CPC!S8JKKC!52!EJPJA8!H! JPSH9AC!EC9!LJTW!:8!PBO898!LHP!B9! ACAJKH!:8!E8PEJ!=EA7 12/.'&'$/3)44#5/%#46/'86/*-4E)&/&-8%/ 5-$"/&;73/('ED/*)$$-8%/A#&/'/$#$'4/#A/ '((&#<=/F.$

€(;>>?>>(5(B>>?>>

O+

+,',$-%!*,),.,)/%012134156789::!!!=4

4;<13<56!!!547=2


E:

E>

E@

E>

E:

RPJEE8JKH!89!CPC!S8JKKC!5=!EJPJA8! FRQ ]DIÀUL H UXELQL WDJOLR WRQGR SHU P8@LHAA8TJFH9AH!ECFLKH@@8T8!5U>EA! E8PEJU!@FHPJK:8!AJSK8C!AC9:C!LHP!ACAJK8! 5EA!E8PEJ!H!:8JFJ9A8!AJSK8C!OP8KKJ9AH! :HK!LH@C!:8!E8PEJ!1U>1EA7 &B9SNHIIJ!52EF VH@C!4;U;S

&CAAC!ECFLC@AC!:Jf! J9HKKC!89!CPC!S8JKKC!52!EJPJA8!EC9! JFHA8@AJ!CTJKH!:HK!LH@C!:8!E8PEJ!=>EA7 M8@BPJ!=;7!VH@C!46U5S7! )L8KKJ!89!CPC!S8JKKC!52!EJPJA8!EC9! JFHA8@AJ!CTJKH!:HK!LH@C!:8!E8PEJ!3>EA7 &B9SNHIIJ!QEF! VH@C!3QU=1S

1F/.'&'$/3)44#5/%#46/7&'.)4)$/5-$"/ &#;86/.;$/*'(("-&)/'86/&;7-*/A#&/ '((&#</1?@.$/)'."?/&#;86/.;$/ ):)&'46*/A#&/#E)&'44/'((&#<=1.$/ '86/7&-44-'8$/.;$/6-':#86*/$#$'44-8%/ '((&#<=/>?@>.$=

€(B>>?>>(5(D>>?>>

E@ 6SLOOD ÀQH DQQL Ҋ FRQ IUDQFKL @T8IIHP8!89!CPC!S8JKKC!52!EJPJA87 M8@BPH!=Z=U>EF VH@C!44S 1N2>O*/12/.'&'$/3)44#5/%#46/7&##."/ 5-$"/J/K5-**/A&'8.*=

K-8%4)/4#$/.#8*-*$-8%/#A/'/&-8%/-8/12/ .'&'$/3)44#5/%#46/5-$"/'8/#E'4/.;$/ ':)$"3*$/5)-%"-8%/'((&#</F@.$/ '86/'/:'$."-8%/12/.'&'$/3)44#5/ %#46/7&##."/5-$"/#E'4/.;$/':)$"3*$/ 5)-%"-8%/'/$#$'4/#A/'((&#</J@.$

€(=>>?>>(5(C>>?>>

€(C>>?>>(5(E>>?>>

OE

+,',$-%!*,),.,)/%012134156789::!!!=3

4;<13<56!!!547=2


!) @#*2*1%*'F721"#%'FG21"#%'%)'*#*' 1%"22*'3/'4"#"$%5'67"-#")$&')&#*:' ;*<%9&)$*'"2'67"#H*:' &LQWXULQR LQ SHOOH QHUD FRQ ÀEELD LQ *#*'1%"22*'3/'4"#"$%:' !"++"'=I99 .0'5"#"$'7&33*4'8*3-'CA38"#%'CD38"#%' 3"-%&+'4#%+$4"$56'4%$6'E3"5F'3&"$6&#' +$#"G'")-'.0'5"#"$'7&33*4'8*3-' EA5F3&:'HA"#$I'9*<&9&)$:

€#+%&&&'&&#(#$%&&&'&&

!" !"#$%&#'(")$*+',*)-&'"))%'./0'%)' *#*'1%"22*'3/'4"#"$%5'4*)'67"-#")$&' 8%")4*'&-'%)-%4%'%)'-%"9")$%:' ;*<%9&)$*'"'4"#%4"'"7$*9"$%4":' !"++"'=>99: !"#$%&#'(")$*+',*)-&'./012+'3"-%&+' 4#%+$4"$56%)'.0'5"#"$'7&33*4'8*3-' 4%$6'-%"9*)-+:' (&3;'4%)-%)8'9*<&9&)$:

!, €#$%"&&'&&#(#)%"&&'&& @#*2*1%*'!"#$%&#'%)'*#*'1%"22*'3/' 4"#"$%:' J7"-#")$&'8%")4*'4*)')79&#%' #*9")%:' ;*<%9&)$*'"'4"#%4"'9")7"2&:' &LQWXULQR LQ FRFFRGULOOR H ÀEELD -&K2*A")$&'*#%1%)"2&: !"++"'=099 L+$744%*'*#%1%)"2&:

!* ,*2&?'@A+$&#'B"$&C7+$'D"-A' "))%'.E0'%)'*#*'1%"22*'3/'4"#"$%5' 67"-#")$&'8%")4*:' ;*<%9&)$*'"'4"#%4"'"7$*9"$%4":' !"++"'=>99:

!"#$%&#'3"-%&+'4#%+$4"$56'%)'.0'5"#"$' 7&33*4'8*3-:'J6%$&'-%"3'4%$6'E3"5F' #*9")')A9&#"3+:'C#*4)'5#*5*-%3&' +$#"G'4%$6'.0'5"#"$'7&33*4'8*3-' -&G3*7")$&'EA5F3&:'K")A"3'4%)-%)8:

,*3&='>7+$&#'?"$&@A+$'3"-%&+'./B12+' 4#%+$4"$56'%)'.0'5"#"$'7&33*4'8*3-' 4%$6'46%$&'-%"3:' (&3;'4%)-%)8'9*<&9&)$:'

€#+%"&&'&&#(#$%&&&'&&

€#$%&&&'&&#(#)%&&&'&&

!!

ML,L@NO'!L(LBL(POQ0/0I=03E:%)--'''RR

=ST0IT3E'''3/:0I


EA

E=

E;

EB

ON

+,',$-%!*,),.,)/%012134156789::!!!=>

4;<13<56!!!547=2


EC

ED

EC VJPBPH!ECFLC@AJ!:Jf S8PCECKKC!EC9!=;!@DHPH!:8!ECPJKKC! FH:8AHPPJ9HC!:J!51FF!EC9!EN8B@BPJ! 89!CPC!S8JKKC!52!EJPJA8!H!:8JFJ9A8! AJSK8C!OP8KKJ9AH!LHP!B9!ACAJKH!:8!E8PEJ! 1U41EA7! &B9SNHIIJ!>2EF7 $PHEEN898!89!CPC!52!EJPJA8U!S8JKKC!H! O8J9ECU!EC9!:8JFJ9A8!AJSK8C!OP8KKJ9AH! LHP!E8PEJ!1U41EA!H!ECPJKKC7! &B9SNHIIJ!>U>EF VH@C!51QUQ1S !'&;&)/.#8*-*$-8%/#A+ \)6-$)&&'8)'8/.#&'4/8).I4'.)/@2.:/ 4#8%/5-$"/12/.'&'$/3)44#5/%#46/'86/ 7&-44-'8$/.;$/6-':#86/.4'*(+/12/.'&'$/ 5"-$)/'86/3)44#5/%#46/)'&&-8%*/5-$"/ :)6-$)&&'8)'8/.#&'4=

€(@<>>>?>>(5(:<>>>?>>

ED )L8KKJ!89!CPC!S8JKKC!52!EJPJA8!EC9! :8JFJ9A8!AJSK8C!OP8KKJ9AH!LHP!E8PEJ! 1U>1EA!ACAJK8U!LHPK89H!O8J9ENHU!@DHPH!:8! ECPJKKC!H!:BH!@FHPJK:8!AC9:8!:8!E8PEJ! 1U41EA!ACAJK87 M8@BPH!>ZQEF VH@C!4=U=S 12/.'&'$-/3)44#5/%#46/7&##."/5-$"/ 7&-44-'8$/.;$/6-':#86*?/()'&4*?.#&'4/ 7&'6*/'86/$5#/&#;86/):)&'46*=

€(D>>?>>(5(@<:>>?>>

O>

+,',$-%!*,),.,)/%012134156789::!!!=Q

4;<13<56!!!547=2


EE

@>@

@>>

@>@

@>> EE $QHOOR LQ RUR JLDOOR FDUDWL ÀUPDWR :HEE M8@BPJ!>= VH@C!33S

$PHEEN898!LH9:H9A8!89!CPC!S8JKKC!52! EJPJA8!EC9!:8JFJ9A8!AJSK8C!OP8KKJ9AH!H! CK:!EBA!LHP!E8PEJ!QU>1EA!ACAJK87 &B9SNHIIJ!6EF VH@C!42U;S

2UHFFKLQL ÀUPDWL 9DQ &OHHI $USHOV 89!CPC!S8JKKC!52!EJPJA8!EC9!:8JFJ9A8! AJSK8C!OP8KKJ9AH!LHP!E8PEJ!1UQ1EA! ACAJK8!H!LJ@A8SK8H!89AHPEJFO8JO8K8!89! C98EH7!$EEN8C!:8!A8SPHU!KJL8@KJIIBK8!H! FJKJEN8AH7 M8@BPH!>Z3U>EF VH@C!33U4S

12/.'&'$/3)44#5/%#46/&-8%/*-%8)6/ c)77=

12/.'&'$/3)44#5/%#46/()86)8$/ )'&&-8%*/5-$"/7&-44-'8$/'86/#46/.;$/ 6-':#86*/A#&/'((&#<=/Y?@>.$/-8/$#$'4=/

Q'8/T4))A/b/W&()4*/12/.'&'$/3)44#5/ %#46/)'&&-8%*/5-$"/7&-44-'8$/.;$/ 6-':#86*/A#&/'((&#<=/>?Y>.$/'86/ -8$)&."'8%'74)/6-*I*/-8/74'.I/#83<?/ $-%)&O*/)3)?/4'(-*/'86/:'4'."-$)=

€(@<=>>?>>(5(:<=>>?>>

€(;<=>>?>>(5(=<=>>?>>

€(;<>>>?>>(5(=<>>>?>>

O.

+,',$-%!*,),.,)/%012134156789::!!!=6

4;<13<56!!!547=2


@>: 5ROH[ 2\VWHU 3HUSHWXDO 5HI ÀQH DQQL ҋ LQ DFFLDLR H RUR JLDOOR `BJ:PJ9AH!9HPC!EC9!89:8E8!JLLK8EJA8U! @HEC9:8!JK!EH9APCU!:JAJ!PC@@C<9HPJ7! *89ABP89C!89!LHKKH!9HPJ7 MCT8FH9AC!J!EJP8EJ!JBACFJA8EJ7! eBJ:PJ9AHU!EJ@@J!H!FCT8FH9AC! DHPFJA87 *J@@J!3QFF ^#4)</_3*$)&/!)&()$;'4/^)A=@>J1/ 1NF>O*/*$))4/'86/%#46/5&-*$5'$."/ 5-$"/74'.I/6-'4/'86/&)6b74'.I/6-'4=/ K)4A/5-86-8%/:#E):)8$=

€(;<=>>?>>(5(=<=>>?>>

@>A $FHSJ!)LHH:FJ@AHP!*PC9CSPJDC! @HP8H!K8F8AJAJ!ECFFHFCPJA8TJ!511! J998!:HKKJ!+C9:JI8C9H!M8KJ9U!J99C! 5;;;7! *J@@J!89!JEE8J8C!EC9!DC9:HKKC!J!T8AHU! LBK@J9A8!AC9:8!H!KB9HAAH!EC9!@EJKJ! AJEN8FHAP8EJ7! eBJ:PJ9AH!9HPC!EC9!89:8E8! ÁXRUHVFHQWL MCT8FH9AC!J!EJP8EJ!JBACFJA8EJ7! eBJ:PJ9AHU!EJ@@J!H!FCT8FH9AC! DCPFJA87 *J@@J!3;FF _:)%'/K())6:'*$)&/T"&#8-%&'("/ 4-:-$)6/*)&-)*/A#&/9#86'L-#8)/\-4'8/ 1>>/'88-E)&*'&3/1NNN=K)4A/5-86-8%/ :#E):)8$=

€(:<>>>?>>(5(A<>>>?>>

@>; 5ROH[ 'D\GDWH 5HI DQQL Ҋ ҋ *J@@J!89!CPC!S8JKKC!52!EJPJA8U!DC9:HKKC! H!ECPC9J!J!T8AH7! eBJ:PJ9AH!:CPJAC!EC9!89:8E8!89! :8JFJ9A8U!@HEC9:8!EH9APJK8!H!S8CP98!89! 8AJK8J9C7! MCT8FH9AC!J!EJP8EJ!JBACFJA8EJ7! *J@@JU!`BJ:PJ9AH!H!FCT8FH9AC! ÀUPDWL *J@@J!3QFF ^#4)</]'36'$)/^)A=12>J/1NY>O*/ 5&-*$5'$."/-812/.'&'$/%#46/5-$"/ 6-':#86*/8;:)&'4*=

€(B<=>>?>>(5(C<=>>?>>

@>= $PCKCS8C!:J!AJ@EJ!89!CPC!52!EJPJA8!H! JPSH9AC7! *J@@J!>3FF \)8*/(#.I)$/5'$."/-8/12/.'&'$/ 3)44#5/%#46/'86/*-4E)&=

€(:<=>>?>>(5(A<=>>?>>

O)

+,',$-%!*,),.,)/%012134156789::!!!=2

4;<13<56!!!547=2


@>:

@>;

@>A

@>=

OH

+,',$-%!*,),.,)/%012134156789::!!!=;

4;<13<56!!!547=2


@>C

@>B

@>C @>B ,9HKKC!89!CPC!PC@J!52!EJPJA8!EC9! :8JFJ9AH!EH9APJKH!AJSK8C!PJ:8J9A! :HK!LH@C!:8!4U36EA!H!:8JFJ9A8!AJSK8C! OP8KKJ9AH!LHP!ECFLKH@@8T8!1U21EA!E8PEJ7 M8@BPJ!>= VH@C!51S

VH9:H9AH!89!CPC!S8JKKC!52!EJPJA8! EC9!PBO89C!AJSK8C!SCEE8J!:HK!LH@C!:8! 3U=1EA!EC9ACP9JAC!:J!:8JFJ9A8!CK:! EBA!LHP!ECFLKH@@8T8!5U>1EA!E8PEJ7 &B9SNHIIJ!4U>EF VH@C!=S &HUWLÀFDWR ,*,

12/.'&'$/(-8I/%#46/&-8%/:#;8$-8%/'/ &'6-'8$/.;$/6-':#86/5)-%"-8%/C?JB.$/ '86/7&-44-'8$/.;$/6-':#86*/A#&/'((&#<=/ >?2>.$/-8/$#$'4=

12/.'&'$/3)44#5/%#46/()86)8$/ :#;8$-8%/'/6&#(/.;$/&;73/5)-%"-8%/ J?F>.$/*;&&#;86)6/73/#46/.;$/ 6-':#86*/A#&/1?@>.$/#E)&'44=

€ =<>>>?>>(5(C<>>>?>>

€(B<>>>?>>(5(D<>>>?>>

N,

+,',$-%!*,),.,)/%012134156789::!!!>1

4;<13<56!!!547=2


@>E

@>D

@>D *LURFROOR FRPSRVWR GD GXH ÀOL GL LHPKH!ECKA8TJAH!:HK!:8JFHAPC!:8!2FF! EC9!EN8B@BPJ!89!CPC!S8JKKC!52!EJPJA8! H!JPSH9AC!EC9!@FHPJK:8!AJSK8C!AC9:C! H:!CAAJSC9JKH!:HK!LH@C!:8!E8PEJ!5EA! H!:8JFJ9A8!CK:!EBA!LHP!B9!ACAJKH!:8! 1U>1EA!E8PEJ7 &B9SNHIIJ!=2EF VH@C!2;U=S C/*$&-8%*/#A/.;4$;&)6/()'&4*?/6-':)$)&/ 2::?/12/.'&'$/3)44#5/%#46/'86/*-4E)&/ .4'*(/5-$"/&#;86/'86/#.$'%#8'4/.;$/ ):)&'46*/5)-%"-8%/'((&#</1.$/'86/ 6-':#86*/A#&/'((&#<=/>?@>.$=

€(@<>>>?>>(5(:<>>>?>>

@>E )L8KKJ!89!CPC!S8JKKC!5=!EJPJA8!EC9! :8JFJ9A8!CK:!EBA!H!NB8A!NB8A!:HK!LH@C! ECFLKH@@8TC!:8!E8PEJ!4EA7 M8@BPH!3U>Z3EF VH@C!QU=S 1F/.'&'$/3)44#5/%#46/7&##."/5-$"/#46// .;$/'86/";-$/";-$/6-':#86*/5)-%"-8%/ '((&#<=/C.$/#E)&'44=

(@<>>>?>>(5(@<=>>?>>

N-

+,',$-%!*,),.,)/%012134156789::!!!>5

4;<13<56!!!547=2


@@> $PHEEN898!89!CPC!O8J9EC!52!EJPJA8!EC9! GLDPDQWL IDQF\ \HOORZ GHO SHVR GL =UQQEA!H!=U26EA!H!4!:8JFJ9A8!AP8J9SCKC! :HK!LH@C!:8!E8PEJ!5U41EA!E8J@EB9C M8@BPH!4Z5EF VH@C!;UQS &HUWLÀFDWR *,$ 12/.'&'$/5"-$)/%#46/)'&&-8%*/ :#;8$-8%/C/A'8.3/3)44#5/6-':#86*/ 5)-%"-8%/F?YY.$/'86/F?2B.$/'86/C/ $&-'8%;4'&/.;$/6-':#86*/5)-%"-8%/ '((&#<=1?C>.$/)'."= *,$ FHUWLÀFDWH

(;:<>>>?>>(5(=:<>>>?>>

N+

+,',$-%!*,),.,)/%012134156789::!!!>4

4;<13<56!!!547=2


NE

+,',$-%!*,),.,)/%012134156789::!!!>3

4;<13<56!!!547=2


NO

+,',$-%!*,),.,)/%012134156789::!!!>=

4;<13<56!!!547=2


+6!0'Z&%0% 245!-)?,, ! $'00# ---!!(!!->-

NN

+,',$-%!*,),.,)/%012134156789::!!!>>

4;<13<56!!!547=2


!!! $QHOOR ÀUPDWR :HEE LQ RUR JLDOOR FDUDWL H SODWLQR FRQ GLDPDQWL WDJOLR EULOODQWH SHU FRPSOHVVLYL FW FLUFD H XQR ]DIÀUR FDERFKRQ GL FLUFD FW 0LVXUD 3HVR J !"#$%&%'#()**+,#-+*.#%/.#0*%'1/23# &1/-#41-/).#5)66#,1'7#6&1**1%/'#$2'# .1%3+/.4#8+&#%00&+9:#"$'#+;)&%**#%/.# %#$%6+$7+/#4%0071&)#8+&#%00&+9:# !<$':

€"#$%%%&%%"'"!($%%%&%%

!"

)$5$21( &$6$'$67(B LQGG


@@: '8T8HPW!89!CPC!O8J9EC52!EJPJA8!OPB98AC! EC9!:8JFJ9A8!CK:!EBA!LHP!B9!ACAJKH!:8! E8PEJ!>1EA7 &B9SNHIIJ!=1EF VH@C!=;U;1S 12/.'&'$/5"-$)/%#46/7;&8-*")6/&-E-)&D/ :#;8$-8%/#46/.;$/6-':#86*/5)-%"-8%/ '((&#</@>.$=/

€(;=<>>>?>>(5(==<>>>?>>

N.

+,',$-%!*,),.,)/%012134156789::!!!>6

4;<13<56!!!547=2


@@A

@@;

@@=

@@= @@; @@A 6SLOOD ÀUPDWD 3HGHU]DQL LQ RUR JLDOOR 52!EJPJA8U!:8JFJ9A8!O8J9EN8!AJSK8C! OP8KKJ9AH!:HK!LH@C!:8!E8PEJ!=EA!H! GLDPDQWL \HOORZ WDJOLR EULOODQWH SHU B9!ACAJKH!:8!E8PEJ!QEA7 M8@BPH!=ZQEF VH@C!3=U;S

,9HKKC!89!CPC!S8JKKC!52!EJPJA8!EC9! GLDPDQWH FHQWUDOH \HOORZ WDJOLR PJ:8J9A!:HK!LH@C!:8!E8PEJ!>U21EA!H! GXH GLDPDQWL ODWHUDOL \HOORZ WDJOLR @FHPJK:C!:HK!LH@C!:8!E8PEJ!4EA! EJ:JB9C7 M8@BPJ!>4 VH@C!;U5S

12/.'&'$/5"-$)/%#46/&-8%/:#;8$-8%/ '8/#E'4/&;73/5)-%"-8%/'((&#<=/ C.$/*;&&#;86)6/73/:'&X;-*)/.;$/ 6-':#86*/A#&/'((&#<=/C?B>.$/-8/$#$'4=

12/.'&'$/3)44#5/%#46/7&##."/*-%8)6/ !)6)&L'8-/5-$"/7&-44-'8$/.;$/5"-$)/ 6-':#86/5)-%"-8%/'((&#</F.$/'86/ 7&-44-'8$/.;$/3)44#5/6-':#86*/A#&/'/ $#$'4/#A/'((&#<=/Y.$=

12/.'&'$/3)44#5/%#46/&-8%/:#;8$-8%/ '/&'6-'8$/.;$/3)44#5/6-':#86*/ 5)-%"-8%/'((&#<=/@?2>.$/5-$"/$5#/ ):)&'46/.;$/3)44#5/6-':#86*/'$/$")/ *-6)*/A#&/'((&#<=/C.$/)'."=

€(A<>>>?>>(5(;<>>>?>>

€(E<>>>?>>(5(@><>>>?>>

€(:B<>>>?>>(5(A:<>>>?>>

,9HKKC!89!CPC!O8J9EC!52!EJPJA8!EC9! PBO89C!EH9APJKH!:HK!LH@C!:8!E8PEJ! 4EA!EC9ACP9JAC!:J!:8JFJ9A8!AJSK8C! FJP`B8@H!:HK!LH@C!:8!E8PEJ!4U61EA! ACAJK87 M8@BPJ!Q1 VH@C!QU=S

N)

+,',$-%!*,),.,)/%012134156789::!!!>2

4;<13<56!!!547=2


@@B

@@C

@@C $PHEEN898!89!CPC!O8J9EC!52!EJPJA8! EC9!:8JFJ9A8!AJSK8C!OP8KKJ9AHU!CTJKHU! SCEE8J!H!LP89EH@@!:HK!LH@C!:8!E8PEJ! 6EA7 M8@BPH!3EF VH@C>U2S 12/.'&'$/5"-$)/%#46/)'&&-8%*/5-$"/ 7&-44-'8$?/#E'4?/6&#(/'86/(&-8.)**/ 6-':#86*/A#&/'((&#<=B.$/#E)&'44=

@@D

€(B<>>>?>>(5(D<>>>?>>

@@B

@@D

"8PCECKKC!89!CPC52!EJPJA8U!O8J9EC!H! S8JKKCU!EC9!3!:8JFJ9A8!O8J9EN8!AJSK8C! EBCPH!:HK!LH@C!ECFLKH@@8TC!:8!E8PEJ! FW SL XQ GLDPDQWH IDQF\ \HOORZ AJSK8C!EBCPH!:HK!LH@C!:8!5EA7 &B9SNHIIJ!=4!EF7 VH@C!>U3S

,9HKKC!89!CPC!O8J9EC!52!EJPJA8!EC9! GLDPDQWH FHQWUDOH IDQF\ \HOORZ AJSK8C!FJP`B8@H!:HK!LH@C!:8!E8PEJ! 5EA!EC9ACP9JAC!:J!:8JFJ9A8!AJSK8C! FJP`B8@H!LHP!ECFLKH@@8T8!5U>1EA7 M8@BPJ!>2 VH@C!QU=S

12/.'&'$/5"-$)/'86/3)44#5/%#46/ 8).I4'.)/:#;8$-8%/$"&))/")'&$/ *"'()/6-':#86*/5)-%"-8%/C?C>/.$/ #E)&'44/'86/'8#$")&/")'&$/*"'()/ A'8.3/3)44#5/6-':#86/5)-%"-8%/1.$=

12/.'&'$/5"-$)/%#46/&-8%/:#;8$-8%/'/ A'8.3/3)44#5/:'&X;-*)/.;$/6-':#86/ 5)-%"-8%/'((&#<=1.$/*;&&#;86)6/73/ :'&X;-*)/.;$/6-':#86*/A#&/'/$#$'4/#A/ '((&#<=/1?@>.$

€(;<=>>?>>(5(=<=>>?>>

€(:<>>>?>>(5(A<>>>?>>

NH

+,',$-%!*,),.,)/%012134156789::!!!>;

4;<13<56!!!547=2


@@E &ROODQD ÀUPDWD &DUWLHU LQ RUR JLDOOR 52!EJPJA8!EC9!:8JFJ9A8!AJSK8C!OP8KKJ9AH! LHP!E8PEJ!1U>1EA7 &B9SNHIIJ!Q=EF7 VH@C!3=S ,@ABEE8C!CP8S89JKH7 T'&$-)&/12/.'&'$/3)44#5/%#46/8).I4'.)/ 5-$"/7&-44-'8$/.;$/6-':#86*/A#&/ '((&#<=/>?@>.$=

€(:<=>>?>>(5(A<=>>?>>

>,

+,',$-%!*,),.,)/%012134156789::!!!Q1

4;<13<56!!!547=2


@:>

@:@

@:>

@::

@:: @:@

.BH!@L8KKH!89!CPC!S8JKKC!52!EJPJA8!EC9! PBO898!EJOCENC9!LHP!ECFLKH@@8T8!>EA! E8PEJ!H!:8JFJ9A8!AJSK8C!OP8KKJ9AH!LHP! B9!ACAJKH!:8!E8PEJ!1U=1EA7 M8@BPJ!3Z> VH@C!35S

6SLOOD ÀUPDWD 9DQ &OHHI $USHOV 89!CPC!S8JKKC!52!EJPJA8!EC9!:HECP8!89! @FJKAC!9HPCU!:8JFJ9A8U!@FHPJK:C! AJSK8C!SCEE8J!H!ECPJKKC7 M8@BPH!QZ3EF VH@C!5;UQS

6SLOOD ÀUPDWD 9DQ &OHHI $USHOV 89!CPC!S8JKKC!52!EJPJA8U!OCBKH!:8! VPHUDOGR ]DIÀUL FDERFKRQ EULOODQWL H PBO898!EJOCENC97 M8@BPH!QZ= VH@C!4=U>S

a5#/12/.'&'$/3)44#5/%#46/7&##.")*/ 5-$"/.'7#."#8/&;7-)*/5)-%"-8%/ '((&#<=@.$/'86/7&-44-'8$/.;$/6-':#86*/ A#&/'((&#<=>?F>.$=

Q'8/T4))A/b/W&()4*/12/.'&'$/3)44#5/ %#46/7&##."/5-$"/74'.I/)8':)4?/ 6-':#86*?/):)&'46/6&#(/'86/.#&'4=

Q'8/T4))A/b/W&()4*/12/.'&'$/3)44#5/ %#46/7&##."/5-$"/):)&'46/7)'6?/ 6-':#86*?/.'7#."#8/*'(("-&)*/'86/ &;7-)*=

€(:<>>>?>>(5(A<>>>?>>

€(B<>>>?>>(5(D<>>>?>>

€(B<>>>?>>(5(D<>>>?>>

>-

+,',$-%!*,),.,)/%012134156789::!!!Q5

4;<13<56!!!547=;


@:;

@:= @:A

@:A $PHEEN898!89!CPC!52!EJPJA8U!O8J9EC! H!S8JKKCU!EC9!:BH!LHPKH!ECKA8TJAH!:HK! :8JFHAPC!5>U>FF!H!:BH!:8JFJ9A8!CK:! EBA!:HK!LH@C!:8!E8PEJ!5EA!E8J@EB9C7 &B9SNHIIJ!4EF7 VH@C!56U2S

@:B

12/.'&'$/5"-$)/%#46/)'&&-8%*/ :#;8$-8%/C/.;4$;&)6/()'&4*/1@?@::/ 5-$"/C/#46/.;$/6-':#86*/5)-%"-8%/ '((&#<=/1.$/)'."=

€(A<=>>?>>(5;<=>>?>>

@:B @:=

@:; ,9HKKC!89!CPC!O8J9EC!52!EJPJA8! FRQ ]DIÀUR FHQWUDOH WDJOLR FXVFLQR :HK!LH@C!:8!3U>3EA!EC9ACP9JAC!:J! :8JFJ9A8!AJSK8C!OJSBHAAH!LHP!ACAJK8! 5U31EA!E8PEJ7 M8@BPJ!>3 VH@C!2U21S

*CKKJ9J!ECFLC@AJ!:J!;Q!LHPKH! CTC8:JK8!9JABPJK8!:8JFHAPC!4U><QU>FF! EC9!EN8B@BPJ!89!CPC!O8J9EC!52!EJPJA8! FRQ XQR ]DIÀUR FHQWUDOH WDJOLR FDUUq :8!E8PEJ!5EA!EC9ACP9JAC!:J!:8JFJ9A8! AJSK8C!PC@HAAH7! &B9SNHIIJ!!=3EF VH@C!54U>=S

,9HKKC!CPC!O8J9EC!52!EJPJA8!EC9! ]DIÀUR FHQWUDOH WDJOLR RWWDJRQDOH :HK!LH@C!:8!E8PEJ!3EA!EC9ACP9JAC!:J! :8JFJ9A8!AJSK8C!OP8KKJ9AHU!FJP`B8@H! H!OJSBHAAH!:HK!LH@C!ECFLKH@@8TC!:8! E8PEJ!5U31EA7 M8@BPJ!>5 VH@C!2U4S

12/.'&'$/5"-$)/%#46/&-8%/:#;8$-8%/'/ .;*"-#8/*"'()/*'(("-&)/5)-%"-8%/ J?@J.$/*;&&#;86)6/73/7'%;)$$)/ 6-':#86*/A#&/'((&#<=/1?J>.$/#E)&'44=

K-8%4)/*$&-8%/#A/NY/8'$;&'4/()'&4*?/ 6-':)$)&/C?@ZY?@::/5-$"/12/.'&'$/ 5"-$)/%#46/.4'*(/:#;8$-8%/'/.'&&D/ .;$/*'(("-&)/5)-%"-8%/'((&#<=/1.$/ '86/&#*)$$)/6-':#86*=

12/.'&'$/5"-$)/%#46/&-8%/:#;8$-8%/ '/.)8$&'4/#.$'%#8'4/*'(("-&)/ 5)-%"-8%/'((&#<=/J.$/*;&&#;86)6/ 73/7&-44-'8$?/:'&X;-*)/'86/7'%;)$$)/ .;$/6-':#86*/A#&/'/$#$'4/#A/'((&#<=/ 1?J>.$=

€(@<=>>?>>(5(:<=>>?>>

€(D<>>>?>>(5(@><>>>?>>

€(:<>>>?>>(5(A<>>>?>>

>+

+,',$-%!*,),.,)/%012134156789::!!!Q4

4;<13<56!!!547=;


@:E @:C

@:D

@:C ,9HKKC!89!CPC!O8J9EC!52!EJPJA8!EC9! ]DIÀUR FHQWUDOH WDJOLR FXRUH GHO SHVR :8!=U;;EA!EC9ACP9JAC!:J!:8JFJ9A8! AJSK8C!OP8KKJ9AH!:HK!LH@C!ECFLKH@@8TC! :8!E8PEJ!4U>1EA7 M8@BPJ!>6 VH@C!55UQ1S

@A>

12/.'&'$/5"-$)/%#46/&-8%/:#;8$-8%/ '/.)8$&'4/")'&$/*"'()/*'(("-&)/ 5)-%"-8%/F?NN.$/*;&&#;86)6/73/ 7&-44-'8$/.;$/6-':#86*/A#&/'((&#<=/ C?@>.$/#E)&'44=

€(;<>>>?>>(5(B<>>>?>>

@:D @:E ,9HKKC!89!LKJA89C!EC9!AJ9IJ98AH! EH9APJKH!AJSK8C!EB@E89C!:HK!LH@C!:8! E8PEJ!4=EA!EC9ACP9JAJ!:J!:8JFJ9A8! AJSK8C!OP8KKJ9AH!LHP!B9!ACAJKH!:8!E8PEJ! >EA7 M8@BPJ!>= VH@C!31U4S

$PHEEN898!89!CPC!52!EJPJA8U!O8J9EC!H! S8JKKC!H!@FJKAC!EC9!:8JFJ9A8!AJSK8C! OP8KKJ9AHU!OJSBHAAH!H!FJP`B8@H!:HK! LH@C!ECFLKH@@8TC!:8!E8PEJ!4EA7 M8@BPH!3U>Z4U>EF VH@C!36U6S

!4'$-8;:/&-8%/:#;8$-8%/'/.)8$&'4/ .;*"-#8/.;$/$'8L'8-$)/5)-%"-8%/ '((&#<=/CF.$/*;&&#;86)6/73/7&-44-'8$/ .;$/6-':#86*/A#&/'((&#<=/@.$/#E)&'44=

12/.'&'$/5"-$)/'86/3)44#5/%#46/ )'&&-8%*/5-$"/)8':)4/'86/7&-44-'8$/ 7'%;)$$)/'86/:'&X;-*)/.;$/ 6-':#86*/A#&/'((&#<=/C.$/#E)&'44=

12/.'&'$/5"-$)/%#46/7'8%4)/5-$"/ 7&-44-'8$/.;$/6-':#86*/5)-%"-8%/ '((&#<=/Y.$/#E)&'44=

€(C<>>>?>>(5(E<>>>?>>

€(@<:>>?>>(5(:<>>>?>>

€(A<>>>?>>(5(;<>>>?>>

@A> RPJEE8JKH!P8S8:C!89!CPC!O8J9EC!52! EJPJA8!EC9!:8JFJ9A8!AJSK8C!OP8KKJ9AH! LHP!B9!ACAJKH!:8!E8PEJ!QEA7 M8@BPJ!89AHP9J!QEF VH@C!26U51S

>E

+,',$-%!*,),.,)/%012134156789::!!!Q3

4;<13<56!!!547=;


@A@ 5LYLHUq LQ SODWLQR ÀUPDWD 7LIIDQ\ FRQ :8JFJ9A8!"<g!!G)U!AJSK8C!OP8KKJ9AH!LHP! B9!LH@C!ECFLKH@@8TC!:8!=U4;EA7 &B9SNHIIJ!=1EF7 VH@C!Q4S ,@ABEE8C!CP8S89JKH !4'$-8;:/&-E-)&)/*-%8)6/a-AA'83/b/T#/ 5-$"/7&-44-'8$/.;$/6-':#86*/,Zd/QK/ 5)-%"-8%/F?CN.$

(;<=>>?>>(5(B<>>>?>>

>O

+,',$-%!*,),.,)/%012134156789::!!!Q=

4;<13<56!!!547=;


@A:

@A=

@AA

@A; @A: $PHEEN898!LH9:H9A8!89!CPC!O8J9EC!52! EJPJA8!EC9!:8JFJ9A8!AJSK8C!OP8KKJ9AH! :HK!LH@C!ECFLKH@@8TC!:8!E8PEJ!5U>1EA7! &B9SNHIIJ!3U3EF VH@C!6U4S

@A= 12/.'&'$/5"-$)/%#46/()86)8$/)'&&-8%*/ :#;8$-8%/7&-44-'8$/.;$/6-':#86*/A#&/ '((&#<=1?@>.$/#E)&'44=

€(@<=>>?>>(5(:<>>>?>>

@AA ,9HKKC!89!CPC!O8J9EC!52!EJPJA8!EC9! :8JFJ9AH!EH9APJKH!AJSK8C!THEEN8C! J!EB@E89C!:HK!LH@C!:8!E8PEJ!4U>1EA! EC9ACP9JAC!:J!:8JFJ9A8!CK:!EBA!LHP! ACAJK8!5U61EA7 M8@BPJ!>Q VH@C!>U=S

@A; &CAAC!ECFLC@AC!:Jf @L8KKJ!89!CPC!O8J9EC!52!EJPJA8!EC9! :8JFJ9A8!AJSK8C!OJSBHAAH!:HK!LH@C! :8!E8PEJ!5U41EA!ACAJK8!H!4Q!OCBKH!:8! ABPENH@H!:J!=FF7! M8@BPH!=Z3EF7! VH@C!54U=S $PHEEN898!89!CPC!O8J9EC!52!EJPJA8! EC9!:8JFJ9A8!AJSK8C!OP8KKJ9AH!LHP! E8PEJ5U>1EA!H!5=!OCBKH!:8!ABPENH@H! :J!>FF7! &B9SNHIIJ!4EF7! VH@C!5=U2S

VJPBPH!ECFLC@AJ!:Jf J9HKKC!89!CPC!O8J9EC!52!EJPJA8!EC9! ABPENH@8!EJOCENC9!:HK!LH@C!:8!E8PEJ! 2EA!H!:8JFJ9A8!AJSK8C!OP8KKJ9AH!LHP! E8PEJ!1U>1EA7! M8@BPJ!>17! VH@C!2U>S RPJEE8JKH!89!CPC!O8J9EC!52!EJPJA8! EC9!ABPENH@8!EJOCENC9!:HK!LH@C! ECFLKH@@8TC!:8!E8PEJ!31EA!H!:8JFJ9A8! AJSK8C!OP8KKJ9AH!LHP!B9!ACAJKH!:8! E8PEJ3U>EA7! &B9SNHIIJ!56U>EF7! VH@C!=4U3S

12/.'&'$/5"-$)/%#46/&-8%/:#;8$-8%/ '/.)8$&'4/#46/.;$/.;*"-#8/6-':#86/ 5)-%"-8%/'((&#<=/C?@>.$/*;&&#;86)6/ 73/#46/.;$/6-':#86*/5)-%"-8%/ '((&#<=1?B>.$

S#$/.#8*-*$-8%/#A+/7&##."/12/.'&'$/ 5"-$)/%#46/5-$"/7'%;)$$)/6-':#86*/ A#&/'((&#=1?C>.$/'86/$;&X;#-*)/7)'6*/ F::/6-':)$)&=/P'&&-8%*/12/.'&'$/ 5"-$)/%#46?/7&-44-'8$/.;$/6-':#86*/'86/ 1F/$;&X;#-*)/7)'6*/@::/6-':)$)&=

12/.'&'$/5"-$)/%#46/('&;&)/ .#8*-*-$-8%/#A/&-8%/5-$"/.'7#."#8/.;$/ $;&X;#-*)/A#&/'((&#<=2.$/'86/7&-44-'8$/ .;$/6-':#86*/A#&/>?@>.$=/M&'.)4)$/ :#;8$-8%/J>.$/.'7#."#8/.;$/ $;&X;#-*)/'86/7&-44-'8$/.;$/6-':#86*/ A#&/'((&#<=/J?@>.$/#E)&'44=

€(C<>>>?>>(5(E<>>>?>>

€(D>>?>>(5(@<:>>?>>

€(@<=>>?>>(5(:<>>>?>>

>N

+,',$-%!*,),.,)/%012134156789::!!!Q>

4;<13<56!!!547=;


@AB *LURFROOR ÀUPDWR 3RPHOODWR LQ RUR S8JKKC!52!EJPJA8!EC9!EN8B@BPJ!89!CPC! O8J9EC!52!EJPJA8!H!:8JFJ9A8!AJSK8C! OP8KKJ9AH!LHP!B9!ACAJKH!:8!E8PEJ!1U>1EA7 &B9SNHIIJ!==!EF VH@C!5Q5U3S !#:)44'$#/8).I4'.)/-8/12/.'&'$/5"-$)/ '86/3)44#5/%#46/5-$"/5"-$)/%#46/'86/ 7&-44-'8$/.;$/6-':#86/.4'*(=

€(;<>>>?>>(5(=<>>>?>>

>>

+,',$-%!*,),.,)/%012134156789::!!!QQ

4;<13<56!!!547=;


@AE

@AC

@AD @AD ,9HKKC!89!CPC!O8J9EC!52!EJPJA8!EC9! :8JFJ9AH!EH9APJKH!AJSK8C!@FHPJK:C! :HK!LH@C!:8!4U15EA!g!GG)4U! EC9ACP9JAC!:J!:8JFJ9A8!AJSK8C! OP8KKJ9AH!!LHP!ECFLKH@@8T8!1U21EA!H! OJSBHAAH!LHP!1UQ1EA M8@BPJ!=; VH@C!6U>1S 12/.'&'$/5"-$)/%#46/&-8%/:#;8$-8%// '/.)8$&'4/):)&'46/.;$/6-':#86/ 5)-%"-8%/C?>1.$/d/QQKC?/*;&&#;86)6/ 73/7&-44-'8$/.;$/6-':#86*/A#&/'((&#<=/ >?2>.$/#E)&'44/'86/7'%;)$$)/A#&/ '((&#<=/>?Y>.$/-8/$#$'4=

@AC VJPBPH!ECFLC@AJ!:J!J9HKKC!H! CPHEEN898!89!CPC!O8J9EC!52!EJPJA8!EC9! 3!:8JFJ9A8!AJSK8C!OP8KKJ9AH!:HK!LH@C!:8! E8PEJ!3EA!ECFLKH@@8T8!H!4=!:8JFJ9A8! AJSK8C!9JTHAAH!:HK!LH@C!ACAJKH!:8! 3U>1EA!E8PEJ7 M8@BPJ!CPHEEN898!5EF7 M8@BPJ!J9HKKC!=6 VH@C!51U=1S

€(B<>>>?>>(5(D<>>>?>> @;> @AE ,9HKKC!89!CPC!O8J9EC!52!EJPJA8! :8JFJ9AH!EH9APJKH!AJSK8C!@FHPJK:C! :8!3U6=EA!EC9ACP9JAC!:J!LJT_!:8! :8JFJ9A8!OKJEh!:HK!LH@C!ECFLKH@@8TC! :8!E8PEJ!=EA7 M8@BPJ!>= VH@C!5=U;S

12/.'&'$/5"-$)/%#46/('&;&)/ .#8*-*-$-8%/#A/)'&&-8%*//'86/&-8%/5-$"/ $"&))/#46/.;$/6-':#86*/5)-%"-8%/ '((&#<=/J.$/#E)&'44/'86/CF/8'E)$$)/ 6-':#86*/A#&/'/$#$'4/#A/'((&#<=J?@>.$

12/.'&'$/5"-$)/%#46/&-8%/:#;8$-8%/'/ .)8$&'4/6-':#86/5)-%"-8%/'((&#<=/ J?BF.$/*;&&#;86)6/73/74'.I/6-':#86/ ('E)/*)$$-8%/A#&/'((&#<=/F.$/

€(A<>>>?>>(5(;<>>>?>>

€(;<>>>?>>(5=<>>>?>>

@;> .8JFJ9AH!K8SNA!SPHH9!AJSK8C!EB@E89C! :HK!LH@C!:8!3U15EA &HUWLÀFDWR *,$ S-%"$/%&))8/.;*"-#8/.;$/6-':#86/ 5)-%"-8%/J?>1.$

€(:;<>>>?>>(5(:D<>>>?>>

>.

+,',$-%!*,),.,)/%012134156789::!!!Q6

4;<13<56!!!547=;


@;@

@;:

@;@ /RWWR FRPSRVWD GD GXH ÀOL GL VIHUH GL ECPJKKC!PC@@C!:HK!:8JFHAPC!ECFLPH@C! APJ!=<6U>FF7! #K!LP8FC!:HKKJ!KB9SNHIIJ!:8!;>EF!EC9! EN8B@BPJ!89!JPSH9AC!H!LH@C!4;U6S7 #K!@HEC9:C!ECFLC@AC!:J!EC9!564! @DHPH!@EN8JEE8JAHU!EN8B@BPJ!89! JPSH9AC!J!DCPFJ!:8!EBCPHU!KB9SNHIIJ! Q=!EF!H!LH@C!=;S K-8%4)/4#$/.#8*-*$-8%/#A/$5#/*-8%4)/ *$&-8%*/#A/&)6/.#&'4/7)'6*=/ 7KH ÀUVW RQH PHDVXULQJ FP DQG 5)-%"-8%/CN?B%/5-$"/'/*-4E)&/.4'*(=/ a")/*).#86/#8)/:)'*;&-8%/YF.:/ '86/5)-%"-8%/FN%/5-$"/'/")'&$/*"'()/ .4'*(=

€(=>>?>>(5(C>>?>>

@;: RPJEE8JKH!P8S8:C!EC9!:BH!AH@AH!:8! JP8HAH!89!CPC!S8JKKC!52!EJPJA8!EC9!3! PBO898!CTJK8!H!:8JFJ9A8!NB8A!NB8A7 M8@BPJ!89AHP9J!>U>EF VH@C!3>U=S 12/.'&'$/3)44#5/%#46/7'8%4)/5-$"/#E'4/ .;$/&;7-)*/'86/";-$/";-$/6-':#86*=

€(D>>?>>(5@<=>>?>>

>)

+,',$-%!*,),.,)/%012134156789::!!!Q2

4;<13<56!!!547=;


@;;

@;A

@;A &CAAC!ECFLC@AJ!:J!:BH!CPCKCS8!:J! AJ@EJ!J!EJP8EJ!FJ9BJKHi!8K!LP8FC! 89!CPC!S8JKKC!52!EJPJA8!EC9!L8HAPJ! @89AHA8EJ!PC@@J!H:!89E8@8C9H!\FH:J8KKH! GҋRU TXDGUDQWH ELDQFR PP LH@C!56S7!#K!@HEC9:C!EC9!:HECP8!89! @FJKAC!OKBU!EJ@@J!34FFU!`BJ:PJ9AH! O8J9ECU!LH@C!46U4S S#$/.#8*-*$-8%/#A/$5#/12/.'&'$/3)44#5/ JROG SRFNHW ZDWFKHV WKH ÀUVW RQH 5-$"/'/*38$")$-./&)6/*$#8)?/'86/$")/ *).#86/#8)/5-$"/74;)/)8':)4=

€(D>>?>>(5@<=>>?>>

@;; RPJEE8JKH!89!CPC!S8JKKC!52!EJPJA87 &B9SNHIIJ!56EF VH@C!21U4S 12/.'&'$/3)44#5/%#46/7&'.)4)$=

€(@<=>>?>>(5(:<>>>?>>

>H

+,',$-%!*,),.,)/%012134156789::!!!Q;

4;<13<56!!!547=;


@;= %DXPH 0HUFLHU LQ RUR JLDOOR EJPJA8U!:8JFJ9A8!AJSK8C!OP8KKJ9AH!LHP! E8PEJ!4EA!H!:BH!PBO898!EJOCENC97! &LQWXULQR LQ SHOOH H ÀEELD LQ RUR JLDOOR 52!EJPJA87! *J@@J!41FF7 12/.'&'$/3)44#5/%#46/5&-*$5'$."/5-$"/ 7&-44-'8$/.;$/6-':#86*/A#&/'((&#<=C.$/ '86/C/.'7#."#8/&;7-)*=/4)'$")&/*$&'(/ '86/12/.'&'$/3)44#5/%#46/7;.I4)=

€(@<>>>?>>(5(:<>>>?>>

@;C 'CKHZ!89!CPC!S8JKKC!52!EJPJA8U! `BJ:PJ9AH!O8J9EC7 MCT8FH9AC!J!EJP8EJ!FJ9BJKH7! *J@@J!5>FF ^#4)</12/.'&'$/3)44#5/%#46/ 5&-*$5'$."/5-$"/5"-$)/6-'4=/\'8;'4/ 5-86-8%=

€(D>>?>>(5(@<:>>?>> @;B &KRSDUG +DSS\ 'LDPRQGV LQ RUR O8J9EC!52!EJPJA8U!`BJ:PJ9AH!O8J9EC! EC9!:8JFJ9A8!AJSK8C!OP8KKJ9AH!:HK!LH@C! FRPSOHVVLYR GL FLUFD FW H ]DIÀUL EJOCENC97! &LQWXULQR LQ SHOOH H ÀEELD LQ CPC!O8J9EC!52!EJPJA8U!CP8S89JK87! MCT8FH9AC!JK!`BJPIC7

T"#(()6/d'((3/6-':#86*/ 5&-*$5'$."/-8/12/.'&'$/5"-$)/%#46?/ 5"-$)/6-'4/5-$"/7&-44-'8$/.;$/6-':#86*/ A#&/'((&#<=J.$/'86/@/.'7#."#8/ *'(("-&)*=/

€(:<>>>?>>(5(A<>>>?>>

@;D GJENHPC9!*C9@AJ9A89!J998!b>1!89! CPC!S8JKKC!52!EJPJA8!EC9!`BJ:PJ9AH! JPSH9AW!H:!MCT8FH9AC!J!EJP8EJ! FJ9BJKH!EC9!ECPC9J!:8!EJP8EJ!@BK! DC9:C7! eBJ:PJ9AHU!EJ@@J!H!FCT8FH9AC! ÀUPDWL *J@@J!54FF7 VH@C5;U4S 12/.'&'$/3)44#5/%#46/Q'.")&#8/ T#8*$'$-8/4'6-)*/5&-*$5'$."=/\'8;'4/ 5-86-8%=

€(D>>?>>(5(@<:>>?>>

.,

+,',$-%!*,),.,)/%012134156789::!!!61

4;<13<56!!!547=;


@;= @;C

@;B

@;D

.-

+,',$-%!*,),.,)/%012134156789::!!!65

4;<13<56!!!547=;


!)* !*)+)$')&>%1"#&?&@#*.'#*&'(&)*)& 5'%(.)&,-&.%*%/'&#&2'%"%(/'9& :%33%&AB""9 @)C'"#(/)&%&.%*'.%&"%(1%+#9 ;%6"#&<&=#*)1#*&'(&)%*%+&/31+#& $.-0&-%01#2&/*12+/%+)3&/1+3&01%".40& 5#>#-? =%46%-&/14014$?

€#%$&&&'&&#(#+$&&&'&&

!"! !"& !*)+)$')&;'%$#/&'(&)*)&$'%++)&,-& .%*%/'9& :%33%&AA"" @)C'"#(/)&"%(1%+# ;#3)&,,B7D$

!"#$%&'(&)*)&$'%++)&,-&.%*%/'&.)(& 01%2*%(/#&"'3/#*')3)&#&2'%"%(/'& 34%*3'&/%$+')&5*'++%(/#&4#*&1(&/)/%+#&2'& 6786./9& :%33%&,,""& ;#3)&<87=$

@1%$#+&'(&)%*%+&,#--./&$.-0& /*12+/%+)3?& =%46%-&/14014$?&

!"#$%&'(&)%*%+&,#--./&$.-0& /*12+/%+)3&/1+3&",2+#*1#2&01%-&%40& 5*1--1%4+&)6+&01%".402&7.*&89:8)+

€#!$&&&'&&#(#%$&&&'&&

€#!$%&&'&&#(#%$&&&'&&

!"

EFGF!HI&:FJFKFJLIM6-6BA6,=9'(22&&&=A

B6N6BN,=&&&6D9,A


@;E

@=>

@=@

.E

+,',$-%!*,),.,)/%012134156789::!!!63

4;<13<56!!!547=;


!") !"#

!"+

!") !"#$$%#&'(B"*(C'$D(%)(,&#*%)+( $+)(?(-%#.#)*%(+&-($/*(-'&(,'2+( $+.,&'22%3+(-%(#$*('(-%#.#)*%( 0"%&&#)*'('(+&-($/*(,'"(*+*#&%(9A$*( $%"$#5 6/)17'88#(9E($. ='2+(4F;41 !.#(:'/;()*+#$"&,(-.+/'*'#(0$#1(<( 2*3(/&#(3$+,2"34(0'$=1$"=(+)).267( +/#(29'.+**(+"3(-.$**$+"#(+"3(2*3(/&#( 3$+,2"34(52.(+)).267(>?/#($"(#2#+*7

€$*%&&&'&&$($!&%&&&'&&

!"+ !"# %UDFFLDOH ÀUPDWR &XVL LQ SODWLQR H -%#.#)*%(*#1&%+(B227'"('(0"%&&#)*'(,'"( /)(,'2+($+.,&'22%3+(-%($%"$#(9E$*5 6/)17'88#(9:$.( ='2+(<E;E1

!"#$$%#&'(#)*%$+(%)(,&#*%)+($+)( -%#.#)*%(+&-($/*('(0#1/'**'(,'"( $+.,&'22%3%(4$*($%"$#5 6/)17'88#(9:;<$. ='2+(>?;@A1

@*+#$"&,(-.+/'*'#(4$="'3(A&4$(0$#1( -.$**$+"#(+"3(!441'.(/&#(3$+,2"34(52.( +(#2#+*(25(+)).26$,+#'*B(>C/#7

!"#$%&'()*+#$"&,(-.+/'*'#(0$#1(2*3( /&#(3$+,2"34(52.(+)).2678/#(29'.+**7

€$!&%&&&'&&$($!)%&&&'&&

€$!%&&&'&&$($)%&&&'&&

!"

)$5$21( &$6$'$67(B LQGG

FAGAFG9:(((A@59:


@=B

@==

@=B

@== ,9HKKC!,PA!.HEa!89!CPC!O8J9EC!52! EJPJA8!EC9!APH!:8JFJ9A8!EH9APJK8! EC9ACP9JA8!:J!:8JFJ9A8!CK:!EBA!LHP! ECFLKH@@8T8!5U>1EA

)L8KKJ!,PA!.HEa!89!CPC!O8J9EC!52! EJPJA8!EC9!:BH!:8JFJ9A8!EH9APJK8!:HK! LH@C!ECFLKH@@8TC!:8!E8PEJ!4UQ1EA! EC9ACP9JAJ!:J!:8JFJ9A8!AJSK8C! OP8KKJ9AHU!NB8A!NB8A!H!CK:!EBA!LHP!B9! ACAJKH!:8!E8PEJ!3U41EA7 M8@BPH!>Z3EF VH@C!5;U3;S &HUWLÀFDWR ,*,

W&$/]).`/12/.'&'$/5"-$)/%#46/&-8%/ 5-$"/#46/.;$/6-':#86*/5)-%"-8%/ '((&#<=/1?@>.$/#E)&'44=

W&$/]).`/12/.'&'$/5"-$)/%#46/7&##."/ :#;8$-8%/$5#/.)8$&'4/6-':#86*/ 5)-%"-8%/'((&#<=/C?Y>.$/-8/$#$'4/ *;&&#;86)6/73/7&-44-'8$?/";-$/";-$/ '86/#46/.;$/6-':#86*/5)-%"-8%/ '((&#<=J?C>.$/-8/$#$'4= ,*, FHUWLÀFDWH

€(@<=>>?>>(5(:<=>>?>>

€(B<>>>?>>(5(D<>>>?>>

.N

+,',$-%!*,),.,)/%012134156789::!!!6>

4;<13<56!!!547=;


@=C ,9HKKC!89!CPC!O8J9EC!52!EJPJA8!EC9! ]DIÀUR WDJOLR FXVFLQR GHO SHVR GL 55U>5EA!EC9ACP9JAC!:J!:8JFJ9A8!AJSK8C! OP8KKJ9AH!LHP!ECFLKH@@8T8!4U>1EA!E8PEJ7 M8@BPJ!>Q VH@C!53S 12/.'&'$/5"-$)/%#46/&-8%/:#;8$-8%/ '/.)8$&'4/.;*"-#8/.;$/*'(("-&)/ 5)-%"-8%/11?@1.$/*;&&#;86)6/73/ 7&-44-'8$/.;$/6-':#86*/A#&/'((&#</ C?@>.$/#E)&'44=

€(@D<>>>?>>(5(::<>>>?>>

.>

+,',$-%!*,),.,)/%012134156789::!!!6Q

4;<13<56!!!547=;


@=D ,9HKKC!89!CPC!O8J9EC!52!EJPJA8!EC9! :8JFJ9AH!EH9APJKH!AJSK8C!@FHPJK:C! :HK!LH@C!:8!>U1>EA!EC9!:BH!:8JFJ9A8! KJAHPJK8!APJLHIC8:JK8!:HK!LH@C!:8! 5U41EA!ACAJK8!H!:8JFJ9A8!AJSK8C! OP8KKJ9AH!LHP!1U31EA7 M8@BPJ!>= VH@CQU=S &HUWLÀFDWR +5' 12/.'&'$/5"-$)/%#46/&-8%/5-$"/'/ .)8$&'4/):)&'46/.;$/6-':#86/ 5)-%"-8%/@?>@.$/5-$"/C/$&'()L)/ 6-':#86*/'$/$")/*-6)*/5)-%"-8%/ '((&#</1?C>.$/#E)&'44/'86/7&-44-'8$/.;$/ 6-':#86*/A#&/>?J>.$=

€(B><>>>?>>(5(C><>>>?>>

..

+,',$-%!*,),.,)/%012134156789::!!!66

4;<13<56!!!547=;


!"# !"#$$%&'"&%(%&)'*"+%&,-&+*(*.'&+%"& /0#(*$1%&.*2$'%&.%"1%&1#$&3#/%&1'& 4567+.&+%".%("*.%&1*&/0#(*$1'&.*2$'%& .%"1%&#&1'*0*".'&.*2$'%&!//8#(&3#(& +%03$#//'9'&:+. ;'/<(*&:= >#/%&,45?2 &HUWLÀFDWR *XEHOLQ !"#$%&%'#()*'+#,-./#&*0,#1-20'*0,#%# $+0'&%.#3'+4#$2'#+1+&%./#(+*,)*0,# 5678$'#32&&-20/+/#9:#&-20/#$2'# +1+&%./3#%0/#;33)+&#$2'#/*%1-0/# <-&#%44&-=#>$'#-?+&%..@

€$!%&'''(''$)$**&'''(''

!"

@!A!BCD&E!F!G!FHDI7-7?67,=J'"11&&&=-

?7K7?K,=&&&7LJ,-


@B> $QHOOR ÀUPDWR %XOJDUL LQ RUR ELDQFR EC9!@FHPJK:C!EJOCENC9!CTJKH! :HK!LH@C!:8!;UQ3EA!EC9ACP9JAC!:J! :8JFJ9A8!AJSK8C!OP8KKJ9AH!OJSBHAAH!LHP! ECFLKH@@8T8!=EA M8@BPJ!>3 VH@C55U6S &HUWLÀFDWR *XEHOLQ 12/.'&'$/5"-$)/%#46/&-8%/*-%8)6/ M;4%'&-/:#;8$-8%/'8/#E'4/.'7#."#8/ ):)&'46/5)-%"-8%/N?YJ.$/*;&&#;86)6/ 73/7&-44-'8$/'86/7'%;)$$)/.;$/ 6-':#86*/A#&/'((&#<=F.$/#E)&'44= *XEHOLQ FHUWLÀFDWH

€(=><>>>?>>(5(B><>>>?>>

.H

+,',$-%!*,),.,)/%012134156789::!!!6;

4;<13<56!!!547=;


@B@ &ROOLHU ÀUPDWR 3HGHU]DQL 89!CPC!O8J9EC!EC9!:8JFJ9A8!AJSK8C! OP8KKJ9AH!H!SCEE8J!LHP!ECFLKH@@8T8! 2;EA!E8PEJ7 &B9SNHIIJ!32EF VH@C!55>U>S T#44-)&/*-%8)6/!)6)&L'8-/-8/12/.'&'$/ 5"-$)/%#46/5-$"/7&-44-'8$/'86/6&#(/.;$/ 6-':#86*/A#&/'((&#<=/2N.$/#E)&'44/=

€(E><>>>?>>(5(@@><>>>?>>

),

+,',$-%!*,),.,)/%012134156789::!!!21

4;<13<56!!!547=;


)-

+,',$-%!*,),.,)/%012134156789::!!!25

4;<13<56!!!547=;


=.;\;Y`.//c//=.;\aY[/LC[/T/ 0%*$#'!!(!!T]`

TaSaDb//c//TaSa]D

<]Dbdd;//c//TS;D.`e

<b[a//c//T;D;`

)+

+,',$-%!*,),.,)/%012134156789::!!!24

4;<13<56!!!547=;


TaYfbD[.aYb/\.[]Db//c//TaYfbD[.aY/T1;D` \.[]D;/;YbSS.//c//D.YP/[.db

)E

+,',$-%!*,),.,)/%012134156789::!!!23

4;<13<56!!!547=;


P'&D#m#'&#!*A&AZ%$#!D#!JA&D#0%!%$$Q%/0% !"##$%&'()*#*++,*-)* $6!1646285!P676!IQ%7:5!/M4M;M!eI=!75<3=:2!`1646285af!5WW5::36!S58I=:5!6;;Q67:6!I=! X58=!73;;6!X675!57R;37=S6F58:5!I5;;5!B45758:=!R28I=C=28=!<58546;=!I=!S58I=:6!eI=! 75<3=:2!;5!`P28I=C=28=!*58546;=afM!AS58:36;=!R28I=C=28=!<58546;=!6BB;=R6:5!I6=! GPMIRXM RSR WEVERRS TIVXERXS ETTPMGEFMPM I VMQEVVERRS MRIJÁGEGM $6!J58I=:6! 6;;Q67:6! I5=! X58=! 46<<43BB6:=! =8! ;2::=! 7=! 5WW5::36! =8! ;2R6;=! 6B54:=! 6;! B3XX;=R2M! $5! S58I=:5! 7=! 5WW5::3682! 6;! F6<<=245! 2WW5458:5! 5! 7=! =8:58I282! B54! `R28:68:=aM 1646285!6<=7R5!=8!T36;=:U!I=!F68I6:64=6!R28!46BB45758:68C6!=8!82F5!B42B4=2! 5!B54!R28:2!I5=!B42B4=5:64=!I5=!X58=!B27:=!=8!S58I=:6K!6=!7587=!5!B54!<;=!5WW5::=! I5;;Q64:M!-.,O!R2IM!R=SMM!$6!S58I=:6!I5S5!R287=I54647=!6SS583:6!:46!=;!S58I=:245! 5! ;Q6RT3=458:5M! &5! R2875<35! RV5! 1646285! 828! 6773F5! 85=! R28W428:=! I5<;=! 6RT3=458:=!2!I=!:54C=!=8!<58545!6;:45!457B2876X=;=:U!6;;Q=8W324=!I=!T35;;5!I54=S68:=! I6;;6!B42B4=6!T36;=:U!I=!F68I6:64=6M!'<8=!457B2876X=;=:U!5g!64::M!-O.>!77M!R2IM! R=SM!R28:=836!6!<46S645!=8!R6B2!6=!S58I=:24=!I5=!X58=M!#;!R2;B2!I=!F64:5;;2!I5;! D=45::245!I5;;6!S58I=:6!e2!=;!\68I=:245f!I5:54F=86!;6!R28R;37=285!I5;!R28:46::2! I=!S58I=:6!:46!=;!S58I=:245!5!;Q6RT3=458:5M ."##+/))(#0/-)(#(&#$%&'()*#1#-)*)/#'(#2/&-%3$*4(/&% #! ;2::=! 7282! S58I3:=! 85;;5! R28I=C=28=! =8! R3=! 7=! :42S682M! $5! I57R4=C=28=! 5! ;5! =;;37:46C=28=!R28:583:5!85=!R6:6;2<V=K!85;!7=:2!h5X!2!=8!T36;7=67=!6;:42!F6:54=6;5! MPPYWXVEXMZS WSRS TYVEQIRXI MRHMGEXMZI I RSR TSXVERRS KIRIVEVI EJÁHEQIRXM HM 6;R38!:=B2!85<;=!6<<=3I=R6:64=M!/64U!B277=X=;5!S=7=28645!=!;2::=K!6;R385!75::=F685! B4=F6!I5;;Q67:6!B45S=2!6BB38:6F58:2!2SS542!=8!386!57B27=C=285!B3XX;=R6!6;R38=! <=248=!B4=F6!I5;;Q67:6K!R28!;2!7R2B2!I=!576F=8645!;Q63:58:=R=:UK!;Q6::4=X3C=285K!;2! 7:6:2!I=!R28754S6C=285K!;6!B42S58=58C6K!=;!:=B2!5!;6!T36;=:U!5!<;=!5S58:36;=!I=W5::=! I5<;=!2<<5::=!B27:=!=8!S58I=:6!5!RV=64=45!5S58:36;=!I=WW24F=:U!4=7B5::2!6!T368:2! =8I=R6:2!85;!R6:6;2<2M!$Q=8:545776:2!6;;Q6RT3=7:2!I=!38!;2::2!4=R2827R5!I=!6S54! 6S3:2! ;6! B277=X=;=:U! I=! 576F=864;2! 6BB42W28I=:6F58:5K! 5S58:36;F58:5! R28! ;6! GSRWYPIR^E HM YR WYS IWTIVXS HM ÁHYGME TIV EGGIVXEVRI XYXXI PI GEVEXXIVMWXMGLI /3! 4=RV=57:6! B277282! 577545! W248=:=! 46BB24:=! 7R4=::=! e`R28I=:=28! 45B24:7af! B54! =8:5<4645!;5!=8W24F6C=28=!I5;!R6:6;2<2M! #! ;2::=! B27:=! =8! 67:6! 7282! S58I3:=! 85;;2! 7:6:2! =8! R3=! 7=! :42S682! 6;! F2F58:2! I5;;Q57B27=C=285K! R28! 2<8=! 45;6:=S2! I=W5::2! 5I! =FB54W5C=285! T36;=! 42::345K! 457:634=K!F68R68C5!2!727:=:3C=28=!68RV5!828!24=<=86;=M!#8:54S58:=!I=!:6;5!:=B2! 828!B277282!F6=!577545!R287=I546:=!S=C=!2RR3;:=!2!R28:46WW6C=285!I=!38!;2::2K! =8!T368:2!828!S=585!W248=:6!6;R386!<6468C=6!=FB;=R=:6!2!57B;=R=:6!45;6:=S6F58:5! 6=! ;2::=! =8! 67:6M!06;=! R646::54=7:=RV5K! 68RV5! 75! 828! 57B45776F58:5! =8I=R6:5! 73;! R6:6;2<2K!828!B277282!577545!R287=I546:5!I5:54F=868:=!B54!R28:57:6C=28=!73;;6! S58I=:6M!#!F2S=F58:=!I5<;=!242;2<=!7282!I6!R287=I54647=!828!45S=7=286:=M 03::5!;5!=8W24F6C=28=!73=!B38C28=!I5=!F5:6;;=K!73;;6!R646:346!5I!=;!B572!I5;;Q242K! I5=!I=6F68:=!5!I5;;5!B=5:45!I=!R2;245!7282!I6!R287=I54647=!B346F58:5!=8I=R6:=S5! 5! 6BB4277=F6:=S5! 5! 1646285! 828! B2:4U! 577545! 4=:583:6! 457B2876X=;5! B54! IZIRXYEPM IVVSVM GSRXIRYXM RIPPI WYHHIXXI MRJSVQE^MSRM I TIV PI JEPWMÁGE^MSRM EH EVXI HIKPM SKKIXXM TVI^MSWM *EVESRI RSR KEVERXMWGI M GIVXMÁGEXM IZIRXYEPQIRXI 6RR;37=!6=!B45C=27=!575<3=:=!I6!;6X246:24=!<5FF2;2<=R=!=8I=B58I58:=K!68RV5!75! 4=W54=F58:=!6=!4=73;:6:=!I=!:6;=!576F=!B2:46882!577545!R=:6:=!6!:=:2;2!=8W24F6:=S2! B54!<;=!6RT3=458:=M D2B2!;Q6<<=3I=R6C=285!828!7282!6FF5775!R28:57:6C=28=!6;!4=<364I2!I=!T368:2! 72B46!=8I=R6:2M!1646285!2!=;!S58I=:245!828!B2:46882!577545!4=:583:=!457B2876X=;=! B54!=!S=C=!45;6:=S=!6;;5!=8W24F6C=28=!R28R54858:=!<;=!2<<5::=!=8!67:6M! #! ;2::=! B27:=! =8! S58I=:6! 7282! I6! R287=I54647=! R2F5! X58=! 376:=! W248=:=! R2F5! TI^^M H¸ERXMUYEVMEXS I GSQI XEPM RSR UYEPMÁGEFMPM GSQI µTVSHSXXS¶ WIGSRHS PE HIÁRM^MSRI HM GYM EPP¸EVX PIXX I HIP ( 0KW R 'SHMGI HIP R2873F2fM 5"##3%2+*6( 1646285!B458I54U!=8!R287=I546C=285!45R;6F=!72;2!=8!F54=:2!6!R28:57:6C=28=!73;;6! 63:58:=R=:U!I5=!;2::=K!73;;6!57=7:58C6!I=!<46S=!S=C=!2!I=W5::=!2RR3;:=!5G2!73;;6!828! R28W24F=:U!W46!=!;2::=!6RT3=7:6:=!5!T35;;=!I57R4=::=!=8!R6:6;2<2!IQ67:6!5!I=7B28=X=;=! B54!S=7=285!B4=F6!I5;;Q67:6M!%!:6;5!4=<364I2K!828!S544U!R287=I546:2!I=W5::2!I=! R28W24F=:U!T35;;2!I=!R3=!;Q6RT3=458:5!6S45XX5!I2S3:2!577545!6!R2827R58C6!6;! F2F58:2! I5;;Q6RT3=7:2! 6S58I2! 6S3:2! ;Q2BB24:38=:U! I=! S=7=28645! =;! ;2::2! 73;! R6:6;2<2!2!I3468:5!;Q57B27=C=285!RV5!B45R5I5!;6!S58I=:6!e=M5M!=;!I=W5::2!RV5!828! B2:5S6!=<824645!W6R58I2!372!I5;;Q24I=864=6!I=;=<58C6fM! AS58:36;=!45R;6F=!I2S46882!577545!R2F38=R6:=!6!F5CC2!;5::546!46RR2F68I6:6! %MZM!58:42!-N!eT3=8I=R=f!<=248=!I=!R6;58I64=2!I5R24458:=? e=f!Y54!;5!S58I=:5!5WW5::36:5!85=!R28W428:=!I=!B64:5R=B68:=!B45758:=!=8!76;6K!68RV5! 75! :46F=:5! 6<58:=K! R2FF=77=2864=! 2! =8:54F5I=64=K! I6;;6! I6:6! I=! R2875<86! I5;! ;2::2!6;;Q57=:2!I5;;Q67:6i e==f! Y54! ;5! S58I=:5! 5WW5::36:5! :46F=:5! 2WW54:5! B54! R244=7B28I58C6! 2! 2WW54:5! :5;5W28=RV5!2!2WW54:5!28;=85K!I6;;6!I6:6!I=!4=R5C=285!I5;!;2::2!6!F5CC2!R244=545M &28!S5446882!6RR5::6:=!=8!6;R38!R672!45R;6F=?

e6f!Y54!S=C=!2!I=W5::=!57B45776F58:5!R=:6:=!=8!R6:6;2<2!2!W6R=;F58:5!4=7R28:46X=;=! HEPPE JSXSKVEÁE HIP PSXXS S HEPPE ZMWMSRI TVMQE HIPP¸EWXE eXf!#85458:=!6!;2::=!F3;:=B;=!T36;=!R2;;5C=28=!2!6RR3F3;6C=28=!I=!T36;7=67=!:=B2i eRf#85458:=!6!;2::=!57B;=R=:6F58:5!4=RV=6F6:=!=8!R6:6;2<2!IQ67:6!R28!;6!R;6372;6! `I6!576F=8645ai eIf!#85458:=!6;;2!7:6:2!I=!R28754S6C=285!I5=!;2::=!57758I2!;6!S6;3:6C=285!I=!:6;5! 5;5F58:2! I5;! :3::2! 72<<5::=S6! 5I! 57758I2! ;6! S58I=:6! 72<<5::6! 6;;6! R;6372;6! `R2F5!S=7:2!5!B=6R=3:2ai e5f! Y54! S=C=! 2! I=W5::=! =FB3:6X=;=! 6! R28I2::6! I5;;Q6RT3=458:5! 73RR577=S6! 6;;6! R2875<86!I5;!;2::2M eWf!0467R247=!>,!<=248=!I6;;6!I6:6!I=!7S2;<=F58:2!I5;;Q67:6M 1646285! I64U! 38! 4=7R28:42! 7R4=::2! 6=! 45R;6F=! 58:42! >,! <=248=! I6;;6! 4=R5C=285! I5<;=!7:577=M 1646285! 6RR5::54U! =! 45R;6F=! 72;2! 85;! R672! =8! R3=! 6! <=3I=C=2! I5=! I35! B54=:=! =8I=B58I58:=! 82F=86:=! I6! R=67R386! B64:5! =;! ;2::2! 4=73;:6775! 828! 63:58:=R2K! 6WW5::2!I6!<46S=!S=C=!2!I=W5::=!2RR3;:=!5G2!B54!83;;6!R28W24F5!6!T368:2!I57R4=::2! =8! R6:6;2<2! IQ67:6M! #8! :6;! R672! 764U! I2S3:6! 6;;Q6RT3=458:5! 72;2! ;6! 457:=:3C=285! I5;;5! 72FF5! R244=7B27:5! B54! ;Q6RT3=7:2! 5! ;6! R2875<86! I5;! ;2::2! 57758I2! 57B45776F58:5! 57R;372K! W6::2! 76;S2! =8! R672! I=! I2;2! 2! R2;B6! <46S5K! 2<8=! 4=764R=F58:2!2!4=FX2472M 7"##+(6()*4(/&%#'(#3%-0/&-*8(+()9 16::6!5RR5C=285!B54!=!R67=!I=!I2;2!5!R2;B6!<46S5K!1646285!828!7=!6773F5!6;R386! 457B2876X=;=:U!=8!45;6C=285!6!T36;7=67=!I6882!RV5!B2776!I54=S645!6;;Q6RT3=458:5K! =;!T36;5!7=!6773F5!2<8=!4=7RV=2!=8!45;6C=285!6!T36;7=67=!I6882!B2:5775!I54=S645! I6K!2!577545!45;6:=S2!6=K!X58=!6RT3=7:6:=M :"##0*3)%2(0*4(/&%#*++,*-)* Y54! ;6! B64:5R=B6C=285! =8! 76;6K! =! 72<<5::=! RV5! =8:58I282! R28R244545! 6;;Q6<<=3I=R6C=285! I=! T36;7=S2<;=6! ;2::2K! I2S46882! 4=RV=5I545! 6;! B547286;5! *EVESRI P¸ETTSWMXS µRYQIVS MHIRXMÁGEXMZS¶ I GSQYRMGEVI PI TVSTVMI KIRIVEPMXk I PE VIWMHIR^E EREKVEÁGE GSR IWMFM^MSRI I GSTME HIP HSGYQIRXS HM MHIRXMXk I GSHMGI ÁWGEPI *EVESRI WM VMWIVZE MP HMVMXXS HM VMGLMIHIVI EM TEVXIGMTERXM EPP¸EWXE =8W24F6C=28=! 73;;5! <58546;=:U! 5! 73;;5! 45W5458C5! X68R64=5K! 828RVj! =;! I=4=::2! I=! S=5:645!6!B64:5R=B68:=!828!I57=I546:=!;Q=8<45772!=8!76;6M!k36;246!=;!B64:5R=B68:5! EKMWGE MR RSQI I TIV GSRXS HM YR¸EPXVE TIVWSRE ÁWMGE S KMYVMHMGE HSZVk IWWIVI 57=X=:6!=I2856!B42R346!B4=F6!I5;;2!7S2;<=F58:2!I5;;Q67:6M Y54! ;6! B64:5R=B6C=285! B54! R244=7B28I58C6K! :46F=:5! R2;;5<6F58:2! :5;5W28=R2K! 2! 28;=85K! =;! B64:5R=B68:5! I2S4U! 72::27R4=S545! 5I! =8S=645! ;Q6BB27=:2! F2I3;2K! 58:42! =;! <=2482! 68:5R5I58:5! ;Q67:6K! 6RR5::68I2! R27l! I=! B458I545! B64:5! 6;;Q67:6! I=!4=W54=F58:2!5!=FB5<868I27=!6!R244=7B28I545!=;!B45CC2!IQ6RT3=7:2!B45S=7:2! T36;246! <;=! 7=6! 6<<=3I=R6:2! =;! X585M! #8! 2<8=! R672! 1646285! 828! 764U! :583:6! 457B2876X=;5! I5;;6! F68R6:6! B64:5R=B6C=285! B54! R244=7B28I58C6! 2! :5;5W28=R6K! T36;246! I5::2! F2I3;2! 828! B54S58=775! =8! :5FB2! 3:=;5K! 2SS542! 828! 7=6! 6I5<36:6F58:5!R2FB=;6:2M!#;!B64:5R=B68:5!7=!=FB5<86!=82;:45!6!R28:42;;645K!6;! XIVQMRI HIPP¸EWXE WI PI WYI SJJIVXI WSRS ERHEXI E FYSR ÁRI QERPIZERHS *EVESRI I6!2<8=!457B2876X=;=:U!=8!:6;!75872M!$5!R28:57:6C=28=!I2S3:5!6!85<;=<58C6K!B2R6! RV=645CC6! 2! 544245! 85;;6! R2FB=;6C=285! I=! 2WW54:5! 7R4=::5! B54! R244=7B28I58C6! 828! 7646882! 6RR5::6:5M! 1646285! I5R;=86! 2<8=! 457B2876X=;=:U! 85=! R28W428:=! I=! RV=! B64:5R=B6! 6;;Q67:6! F5I=68:5! R2;;5<6F58:2! :5;5W28=R2! 5G2! 28;=85! 85;! R672! I=! F68R6:6! 575R3C=285! I5;;6! B64:5R=B6C=285! I2S3:6! 6! 5S58:36;=! I=7<3=I=! RV5! B277282!2RR244545!I3468:5!2!B45R5I58:5F58:5!=;!R2;;5<6F58:2!:5;5W28=R2!5G2! =8:5485:M 1646285!7=!4=754S6!6!B42B4=6!I=7R45C=285!=;!I=4=::2!I=!RV=5I545!6;!B64:5R=B68:5! =;! 4=;67R=2! I=! =I2855! <6468C=5! B54! B54F5::545! 6;! B64:5R=B68:5! 7:5772! I=! B2:54! JSVQYPEVI SJJIVXI EP ÁRI HIPP¸EKKMYHMGE^MSRI HM YR FIRI SKKIXXS HIPP¸MRGERXS #82;:45!1646285!7=!4=754S6!=;!I=4=::2!I=!85<645!6!RV=38T35K!6!B42B4=6!I=7R45C=285K! ;Q=8<45772!85=!B42B4=!;2R6;=!5!;6!B64:5R=B6C=285!6;;Q67:6K!=8!T36;7=67=!F2I6;=:UK! RSRGLq HM VMÁYXEVI PI SJJIVXI HM EGUYMVIRXM RSR GSRSWGMYXM S RSR KVEHMXM E F582!RV5!S58<6!;67R=6:2!38!I5B27=:2!6I!=8:546!R2B54:346!I5;!B45CC2!I5=!;2::=! I57=I546:=!2!W248=:6!6;:46!6I5<36:6!<6468C=6M!#8!75<3=:2!6!F68R6:2!2!4=:64I6:2! TEKEQIRXS HE TEVXI HM YR EGUYMVIRXI *EVESRI TSXVk VMÁ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j!=!;2::=!828!S58<682!B27:=! =8!67:6!68:54=24F58:5!6;;6!I6:6!B45S=7:6M!#;!\68I=:245!V6!W6R2;:U!I=!6RR5::645!7=6!

)O

+,',$-%!*,),.,)/%012134156789::!!!2=

4;<13<56!!!547=;


;5! 2WW54:5! I5;! B3XX;=R2! B45758:5! 7=6! T35;;5! I=! B547285! 828! B45758:=K! 2SS542! :5;5W28=RV5K! B54! R244=7B28I58C6! 2! 28;=85K! B34RVj! R2F38=R6:5! 68:54=24F58:5! 6;;Q67:6!=8!W24F6!7R4=::6K!R2F5!72B46!I=7R=B;=86:2M $Q2WW54:6!B54!;Q6<<=3I=R6C=285!=8!76;6!I5S5!577545!5WW5::36:6!6;C68I2!=;!83F542! MHIRXMÁGEXMZS 0¸EKKMYHMGE^MSRI HIM FIRM r JEXXE EP QMKPMSV SJJIVIRXI GSR 6BB27=:6!I=RV=646C=285!I5;!\68I=:245!RV5!S644U!T36;5!6RR5::6C=285!I5;;Q2WW54:6K! B42B27:6!I6;!B64:5R=B68:5!6;;Q67:6M!&5;!R672!I=!I35!2WW54:5!7R4=::5!I=!B64=!=FB24:2K! 764U! :583:6! =8! R287=I546C=285! 72;2! ;Q2WW54:6! RV5! 7=6! 7:6:6! 4=R5S3:6! 5! 6RR5::6:6! B54! B4=F6M! &5;! R672! I=! 386! 2WW54:6! 7R4=::6! 5! I=! 386! 2WW54:6! I=! B64=! =FB24:2! TVSZIRMIRXI HEP TYFFPMGS TVIWIRXI MR WEPE TVIZEVVk EM ÁRM HIPP¸EKKMYHMGE^MSRI T35;;6!B42S58=58:5!I6;!B3XX;=R2!B45758:5M!&5;!R672!I=!386!2WW54:6!7R4=::6!5!I=! YRE SJJIVXE HM TEVM MQTSVXS GSQYRMGEXE E QI^^S HIP XIPIJSRS TVIZEVVk EM ÁRM I5;;Q6<<=3I=R6C=285!T35;;6!R2F38=R6:6!6!F5CC2!I5;!:5;5W282M 'S5! 724<6! R28:57:6C=285! =8:2482! 6;;Q6<<=3I=R6C=285K! =;! X585! I=7B3:6:2K! 6I! =87=8I6R6X=;5! <=3I=C=2! I5;! \68I=:245K! B2:4U! 577545! 4=:=46:2! I6;;Q67:6K! 2BB345! 4=F5772!=8!S58I=:6!6;;Q=8R68:2!85;;6!7:5776!75I3:6K!73;;6!X675!I5;;Q3;:=F6!2WW54:6! 46RR2;:6M *EVESRI WM VMWIVZE MP HMVMXXS HM VMÁYXEVI SJJIVXI TVSZIRMIRXM HE S VMGSRHYGMFMPM 6K!72<<5::=!RV5!=8!B45R5I58C6!828!6XX=682!B38:36;F58:5!28246:2!2XX;=<6C=28=! B5R38=64=5K!68RV5!6!:=:2;2!4=764R=:24=2!85=!R28W428:=!I=!1646285M /=!B54F5::5!RV5!=!S6;24=!I=!7:=F6!=8I=R6:=!85;!R6:6;2<2!7282!57B4577=!=8!5342!5! R27:=:3=7R282!386!F546!=8I=R6C=285M!06;=!S6;24=!B277282!577545!3<36;=K!73B54=24=! 2!=8W54=24=!6=!B45CC=!I=!4=754S6!I5=!;2::=!R28R24I6:=!R28!=!F68I68:=M ="##'(3())(#',*-)* %P TVI^^S HM EKKMYHMGE^MSRI WSRS HE EKKMYRKIVI M HMVMXXM HM EWXE TEVM EP ÁRS EH ¾ TEVM EP SPXVI E ¾ I WMRS E ¾ I TEVM EP SPXVI 6! !N,,M,,,K!2;:45!;Q#J%!B45S=7:6!I6;;6!824F6:=S6!S=<58:5M!k36;38T35!3;:54=245! 28545!2!:4=X3:2!45;6:=S2!6;;Q6RT3=7:2!764U!R2F38T35!6!R64=R2!I5;;Q6<<=3I=R6:64=2M >"##2/&-%?&*#'%(#+/))(#*??(@'(2*)(#%#0*?*6%&)/ #!;2::=!6<<=3I=R6:=!I2S46882!577545!B6<6:=!I6;;Q6RT3=458:5!6;!F2F58:2!I5;!4=:=42! I5=!X58=!B45772!1646285M!#;!4=:=42!I2S4U!6SS58=45!B45772!;6!75I5!I=!1646285!6! B42B4=6! R346! 5! 7B575K! 58:42! -N! eT3=8I=R=f! <=248=! I6;;Q6<<=3I=R6C=285M! 1646285! 764U! 2XX;=<6:6! 6! R2875<8645! =! X58=! 6<<=3I=R6:=! 57R;37=S6F58:5! 6! 75<3=:2! I5;! TEKEQIRXS HIPP¸MRXIVS MQTSVXS E GYM r WXEXS EKKMYHMGEXS MP PSXXS HE TEVXI HIP \68I=:245! 5! I5=! I=4=::=! IQ67:6M!%! B42B4=6! I=7R45C=285! 1646285! B2:4U! RV=5I545! 6;;Q6RT3=458:5!=;!S5476F58:2!I=!38!6RR28:2!B54!B54W5C=28645!;Q6<<=3I=R6C=285K! =;! F5I57=F2! <=2482! I5;;Q67:6M! D6;;Q6<<=3I=R6C=285! 6;! 4=:=42! =! X58=! 7646882! =8! <=6R58C6!6!4=7RV=2!57R;37=S2!I5;;Q6RT3=458:5M -P TEKEQIRXS TSXVk IWWIVI IJJIXXYEXS MR GSRXERXM ÁRS E IYVS TIV EWWIKRS GMVGSPEVI MRXIWXEXS E *EVESRI 'EWE H¸%WXI 7 V P TIV FSRMÁGS FERGEVMS EP GSRXS R24458:5! X68R64=2! RV5! 764U! R2F38=R6:2! 6;! F2F58:2! I5;;Q6<<=3I=R6C=285M! #8! T357:Q3;:=F2! R672! =;! B6<6F58:2! 764U! R287=I546:2! S6;=I2! 5! =;! ;2::2! 764U! R2875<86:2!72;2!386!S2;:6!RV5!;Q=FB24:2!764U!=445S2R6X=;F58:5!6RR45I=:6:2!73;! R28:2!R24458:5!X68R64=2!I=!1646285M &5;!R672!;Q6RT3=458:5!828!7=!B45758:=!B54!=;!4=:=42!I5=!;2::=!85=!:54F=8=!72B46! 7:6X=;=:=! 5! 828! B42SS5I6! 6;! B6<6F58:2! I5;;Q=8:542! 6FF28:645! I2S3:2! 58:42! =;! :54F=85! B45S=7:2! I6;;5! B45758:=! P28I=C=28=! *58546;=! 2SS542! 85;! R672! 7=! B45758:=!F6!828!B6<V=K!=8!:3::2!2!=8!B64:5K!;Q6FF28:645!:2:6;5!I2S3:2!58:42! =! :54F=8=! B45S=7:=! I6;;5! B45758:=! P28I=C=28=! *58546;=K! 1646285! 6S4U! I=4=::2K! 6! B42B4=6!I=7R45C=285K!W6::=!76;S=!<;=!5S58:36;=!3;:54=24=!I=4=::=!5!4=F5I=!I=!;5<<5!I=?! e=f!4=72;S545!5g!64:M!-ON>!I5;!R2I=R5!R=S=;5K!=8!82F5!5!B54!R28:2!I5;!S58I=:245K!! =;!R28:46::2!I=!R2FB46S58I=:6K!457:68I2!=8:572!RV5!=8!:6;5!R672!1646285!B2:4U! RV=5I545! 6;;Q6<<=3I=R6:64=2! =;! 4=764R=F58:2K! 6! B42B4=2! W6S245! 5G2! 6! W6S245! I5;! GSRJIVIRXI HM XYXXM M HERRM ZIVMÁGEXMWM GSWXMXYMXM MR TEVXMGSPEVI I E XMXSPS IWIQTPMÁGEXMZS HEP QMRSV TVI^^S VIEPM^^EXS MR YRE WYGGIWWMZE ZIRHMXE HEM I=4=::=K!I6;;5!7B575K!I6<;=!2854=K!68RV5!;5<6;=K!72BB24:6:=K!5RRMi!2SS542!e==f!6<=45! =8!S=6!<=3I=C=6;5!=8!T36;=:U!I=!F68I6:64=2!6;;Q=8R6772!I5;!S58I=:245!B54!2::58545! ;Q575R3C=285! R26::=S6! I5;;Q2XX;=<2! IQ6RT3=7:2! 5! =;! B6<6F58:2! I5;! B45CC2! I=! 6RT3=7:2K!2;:45!=8:54577=K!7B575K!2854=K!5!;5!7B575!;5<6;=!85R57764=5!B54!2::58545! ;Q6I5FB=F58:2! I5;! R28:46::2! I=! R2FB46S58I=:6M! #8! R672! I=! 4=72;3C=285! I5;! R28:46::2K!1646285K!6!B42B4=6!I=7R45C=285!B2:4U!I5R=I545!75!457:=:3=45!=;!X585! 6;! F68I68:5K! 57=<58I2! 6! :=:2;2! I=! B586;5! I6! B64:5! I5;! F68R6:2! 6RT3=458:5! =;! B6<6F58:2! I5;;5! R2FF=77=28=! B54I3:5K! 2SS542! S58I545! =;! ;2::2! :46F=:5! :46::6:=S6!B4=S6:6!2!=8!67:5!73RR577=S5!B54!R28:2!5I!6!7B575!I5;;Q6<<=3I=R6:64=2K! 6=!7587=!I5;;Q64:M!-N-N!R2I=R5!R=S=;5K!76;S2!=8!2<8=!R672!=;!I=4=::2!6;!4=764R=F58:2! I5=!I688=M D5R2472! =;! :54F=85! I=! R3=! 72B46K! 1646285! 764U! R2F38T35! 5728546:6! I6! 2<8=! 457B2876X=;=:U! 85=! R28W428:=! I5;;Q6<<=3I=R6:64=2! =86I5FB=58:5! =8! 45;6C=285! 6;;Q5S58:36;5! I5:54=246F58:2! 2! I5B54=F58:2! I5<;=! 2<<5::=! 5I! 6S4U! I=4=::2! I=! W647=!B6<645!B54!2<8=!7=8<2;2!;2::2!=!I=4=::=!I=!R37:2I=6!2;:45!6!5S58:36;=!4=FX247=! I=! 7B575! B54! :467B24:2! 6;! F6<6CC=82K! R2F5! I6! :64=WW64=2! 6! I=7B27=C=285! I5=!

B64:5R=B68:=M! k36;38T35! 4=7RV=2! B54! B54I=:6! 2! I688=! 6;! X585! 6<<=3I=R6:2! 7=! :467W54=4U!6;;Q6RT3=458:5!I6;!F2F58:2!I5;;Q6<<=3I=R6C=285M!$Q6RT3=458:5!B2:4U! 2::58545! ;6! R2875<86! I5=! X58=! 6RT3=7:6:=! 72;6F58:5! B45S=6! R24457B287=285! 6! 1646285!I5;!B45CC2!5!I=!2<8=!6;:46!R2FF=77=285K!R27:2!2!4=FX2472!=85458:5M A"##$%&'()*#2/&#3(-%3$*#'%++*#03/03(%)9 #!;2::=!7282!S58I3:=!R28!4=754S6!I5;;6!B42B4=5:U!6=!7587=!I5;;Q64:=R2;2!-N+E!R2IM! R=SM!5!B54:68:2!;6!B42B4=5:U!I5<;=!7:577=!7=!:467W54=4U!=8!R6B2!6;;Q6RT3=458:5!72;2! 6;!F2F58:2!I5;;Q=8:5<46;5!B6<6F58:2!I5;!B45CC2!I2S3:2!B54!;6!S58I=:6!5!I5=! I=4=::=!IQ67:6M!#;!4=7RV=2!I=!B54=F58:2!2!I=!I6885<<=6F58:2!I5=!;2::=!7=!:467W54=4U! 6;;Q6RT3=458:5!6;!F2F58:2!I5;;6!R2875<86!I5=!;2::=!7:577=M!$Q2XX;=<2!I=!R2875<86! HIM PSXXM ZIRHYXM r MR SKRM GEWS WYFSVHMREXS EP TVIZMS MRXIKVEPI TEKEQIRXS HE B64:5!I5;;Q6RT3=458:5!I5;!B45CC2!I2S3:2M !B"#</3/#2/60%)%&)% $5!B45758:=!P28I=C=28=!I=!J58I=:6K!45<2;6:5!I6;;6!;5<<5!=:6;=686K!7282!6RR5::6:5! :6R=:6F58:5! I6! :3::=! =! 72<<5::=! B64:5R=B68:=! 6;;6! B42R5I346! I=! S58I=:6! 6;;Q67:6! 5! 457:682! 6! I=7B27=C=285! I=! RV=38T35! 85! W6RR=6! 4=RV=57:6M! Y54! T36;7=67=! GSRXVSZIVWME VIPEXMZE EPP¸EXXMZMXk HM ZIRHMXE EPP¸EWXE TVIWWS *EVESRI r WXEFMPMXE PE R2FB5:58C6!57R;37=S6!I5;!W242!I=!"=;682M !!"##03($*2C %=!7587=!I5;;Q64:M!-E!DM$<7M!-H>G+,,E!eP2I=R5!=8!F6:54=6!I=!B42:5C=285!I5=!I6:=! B547286;=fK!1646285K!85;;6!736!T36;=:U!I=!:=:2;645!I5;!:46::6F58:2K!=8W24F6!RV5! =! I6:=! W248=:=! S5446882! 3:=;=CC6:=K! R28! F5CC=! R64:6R5=! 5I! 5;5::428=R=K! B54! B2:54! I645!B=586!5I!=8:5<46;5!575R3C=285!6=!R28:46::=!I=!R2FB46S58I=:6!7:=B3;6:=!I6;;6! 7:5776! 72R=5:UK! 828RVj! B54! =;! B5475<3=F58:2! I=! 2<8=! 6;:42! 754S=C=2! =85458:5! P¸SKKIXXS WSGMEPI HM *EVESRI 'EWE H¸%WXI 7 V P -P GSRJIVMQIRXS HIM HEXM r W6R2;:6:=S2K!F6!7=!458I5!7:45::6F58:5!85R57764=2!B54!;Q575R3C=285!I5=!R28:46::=! R28R;37=M!$6!45<=7:46C=285!6;;5!67:5!R28758:5!6!1646285!I=!=8S=645!=!R6:6;2<V=! I5;;5! 67:5! 73RR577=S5! 5I! 6;:42! F6:54=6;5! =8W24F6:=S2! 45;6:=S2! 6;;Q6::=S=:U! I5;;6! 7:5776M %!B42B4=2!=87=8I6R6X=;5!<=3I=C=2!1646285!7=!4=754S6!I=!45<=7:4645!=8!T36;7=67=! W24F6!;6!75I3:6!I5;;Q67:6!828RVj!45<=7:4645!=!R2;;5<6F58:=!:5;5W28=R=M !."##2/6@&(2*4(/&( k36;7=67=!R2F38=R6C=285!=85458:5!6;;6!S58I=:6!I2S4U!577545!5WW5::36:6!F5I=68:5! ;5::546!46RR2F68I6:6!%MZM!=8I=4=CC6:6!6? 1%Z%'&A!P%/%!DQ%/0A!/M4M;M J=6!"28:586B2;5285K!H!@!+,-+-!"=;682 !5"# # %-2+@-(/&%# '(# 3%-0/&-*8(+()9# (&# 3%+*4(/&%# *++%# 2/&'(4(/&(#'(#$%&'()*#2/&)%&@)%#&%(#2*)*+/?D( $5!P28I=C=28=!I=!J58I=:6K!;5!=8W24F6C=28=!5!=!:57:=!I5=!R6:6;2<V=!=8!;=8<36!I=S5476! 4=7B5::2!6;;6!;=8<36!=:6;=686!46BB45758:682!72;:68:2!:46I3C=28=!637=;=64=!758C6! 5WW5::2!S=8R2;68:5M!1646285!828!7=!6773F5!6;R386!457B2876X=;=:U!=8!45;6C=285! 6;;6!R2445::5CC6!I=!:6;=!:46I3C=28=M! !7"##2/'(2%#8%&(#2@+)@3*+(# 4IV KPM SKKIXXM WSXXSTSWXM EPPE RSXMÁGE HE TEVXI HIPPS 7XEXS EM WIRWM HIP ( 0KW ++M,-M+,,O!8M!O+!eRMIM!P2I=R5!I5=!\58=!P3;:346;=f!5!77MFFMK!<;=!6RT3=458:=!7282! :583:=!6;;Q27754S68C6!I=!:3::5!;5!I=7B27=C=28=!;5<=7;6:=S5!S=<58:=!=8!F6:54=6M $Q6<<=3I=R6:64=2K! =8! R672! I=! 5754R=C=2! I5;! I=4=::2! I=! B45;6C=285! I6! B64:5! I5;;2! /:6:2K! 828! B2:4U! B45:58I545! I6! 1646285! 2! I6;! S58I=:245! 6;R38! 4=FX2472! I=! 5S58:36;=!=8:54577=!73;!B45CC2!5!73;;5!R2FF=77=28=!IQ67:6!<=U!R244=7B27:5M $Q57B24:6C=285!I=!2<<5::=!I6!B64:5!I5<;=!6RT3=458:=!457=I58:=!2!828!457=I58:=!=8! -XEPME r VIKSPEXE HIPPE WYHHIXXE RSVQEXMZE RSRGLq HEPPI PIKKM HSKEREPM ZEPYXEVMI 5!:4=X3:64=5!=8!S=<245M!Y54:68:2K!;Q57B24:6C=285!I=!2<<5::=!;6!R3=!I6:6C=285!4=76;5! EH SPXVI GMRUYERX¸ERRM r WIQTVI WYFSVHMREXE EPPE PMGIR^E HM PMFIVE GMVGSPE^MSRI 4=;67R=6:6!I6;;6!R2FB5:58:5!%3:24=:UM!1646285!828!6773F5!6;R386!457B2876X=;=:U! 85=!R28W428:=!I5;;Q6RT3=458:5!=8!24I=85!6I!5S58:36;=!457:4=C=28=!6;;Q57B24:6C=285! I5=!;2::=!6<<=3I=R6:=K!85Q!=8!24I=85!6I!5S58:36;=!;=R58C5!2!6::57:6:=!RV5!;2!7:5772! I5XX6!2::58545!=8!X675!6;;6!;5<=7;6C=285!=:6;=686M !:"##$*3(% k36;246! 386! 2! B=n! R;6372;5! I5;;5! B45758:=! P28I=C=28=! *58546;=! I2S577542! IWWIVI S HMZIRXEVI MRIJÁGEGM S MRZEPMHI TIV UYEPWMZSKPME QSXMZS XEPI MRIJÁGEGME S MRZEPMHMXk RSR MRÁGIVk P¸IJÁGEGME KMYVMHMGE HIPPI VIWXERXM HMWTSWM^MSRM 0I HMWTSWM^MSRM MRIJÁGEGM S MRZEPMHI ZIVVERRS WSWXMXYMXI HE HMWTSWM^MSRM MHSRII E 76;S6<364I645!=;!B=n!B277=X=;5!;6!46:=2!I5;;6!I=7B27=C=285!=8S6;=I6M 5YEPWMEWM QSHMÁGE S MRXIKVE^MSRI HIPPI TVIWIRXM GSRHM^MSRM KIRIVEPM HM ZIRHMXE 764U!=8S6;=I6!75!828!5WW5::36:6!B54!=7R4=::2M

)N

+,',$-%!*,),.,)/%012134156789::!!!2>

4;<13<56!!!547=;


PbYbD;S/;]T`.aY/`bD\[/;Y=/TaY=.`.aY[ !"##*@2)(/&#-*+%O$%$&'(/ T$*$/ +C;*,(/ ["%"3"/ g0(%(-'$#,(%/ IO$%$&'(Jh/ )&'+2),*/ $2),-&'/ *$3(*/ &#/ 9%&9(%,K/*&3(3K/2'+(%/,0(*(/4('(%$3/,(%7*/$'+/)&'+-,-&'*/g0(%(-'$#,(%/,0(/IP('(%$3/ `(%7*/$'+/T&'+-,-&'*Jh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`0(/0$77(%/*,%&V(/6K/,0(/;2),-&'((%/7$%V*/,0(/)&793(,-&'/&#/,0(/*$3(*/ $4%((7(',/6(,!(('/,0(/*(33(%/$'+/,0(/62K(%"

."##+/)-#0@)#@0#</3#-*+%#1#-)*)%#/<#03%-%3$*)(/& S&,*/$%(/*&3+/I$*/-*J"/=(*)%-9,-&'*/$'+/-332*,%$,-&'*/)&',$-'(+/-'/,0(/)$,$3&42(*5/ &'/ ,0(/ !(6*-,(/ &%/ -'/ $'K/ &,0(%/ -332*,%$,-8(/ 7$,(%-$35/ $%(/ 92%(3K/ *,$,(7(',*/ &#/ &9-'-&'/$'+/$%(/'&,/,&/6(/%(3-(+/&'/6K/,0(/62K(%"/<$%,-(*/-',(%(*,(+/7$K/8-(!/,0(/ 3&,*/6K/$99&-',7(',/$/#(!/!((V*/6(#&%(/,0(/$2),-&'5/&%/-'/$/9263-)/(Q0-6-,/$/#(!/ +$K*/ 6(#&%(/ ,0(/ $2),-&'5/ -'/ &%+(%/ ,&/ $**(**/ ,0(/ $2,0(',-)-,K5/ $,,%-62,-&'5/ *,$,(/ &#/ 9%(*(%8$,-&'5/9%&8('$')(5/,K9(/$'+/X2$3-,K5/$'+/+(#(),*/-#/$'K/&#/,0(/-,(7*/92,/29/ #&%/*$3(5/$'+/,&/)3$%-#K/$'K/+-*)%(9$')-(*/!-,0/,0(/)$,$3&42("/`0(/9&,(',-$3/62K(%/ &#/$/3&,/$)V'&!3(+4(*/0$8-'4/0$+/,0(/&99&%,2'-,K/&#/,0&%&2403K/(Q$7-'-'4/,0(/ 3&,5/-')32+-'4/!-,0/,0(/$**-*,$')(/&#/$/,%2*,(+/(Q9(%,5/,&/$**(**/$33/-,*/)0$%$),(%-*,-)*"/ T&'+-,-&'/%(9&%,*/7$K/6(/%(X2(*,(+/,&/)&793(7(',/)$,$3&42(/-'#&%7$,-&'"/ S&,*/92,/29/#&%/$2),-&'/$%(/*&3+/-'/,0(/)&'+-,-&'/,0(K/!(%(/#&2'+/$,/,0(/,-7(/&#/,0(/ I\LMFMX [MXL TSWWMFPI ÂE[W SV MQTIVJIGXMSRW WYGL EW GVEGOW VIWXSVEXMSR SQMWWMSRW &%/ *26*,-,2,-&'*5/ -')32+-'4/ '&'M&%-4-'$3/ &'(*"/ [2)0/ -',(%8(',-&'*/ )$''&,/ 6(/ )&'*-+(%(+/-'/$'K/)$*(/0-++('/+(#(),*/&%/#$V(*5/$*/'&/-793-(+/&%/(Q9%(**/!$%%$',K/ -*/9%&8-+(+/&'/,0(/3&,*/92,/29/#&%/$2),-&'"/`0(*(/)0$%$),(%-*,-)*5/!0-3(/'&,/(Q9%(**3K/ *,$,(+/-'/,0(/)$,$3&42(5/)$''&,/6(/)&'*-+(%(+5/0&!(8(%5/+(,(%7-'$',*/#&%/+-*92,(*/ &'/,0(/*$3("/\&8(7(',*/&#/,-7(9-()(*/$%(/,&/6(/)&'*-+(%(+/$*/2'*(%8-)(+" .'#&%7$,-&'/%(4$%+-'4/,0(/7$%V-'4/&#/7(,$3*5/)$%$,*/$'+/!(-40,/&#/4&3+5/+-$7&'+*/ $'+/)&3&%(+/9%()-&2*/*,&'(*5/-*/,&/6(/)&'*-+(%(+/$99%&Q-7$,(/$'+/7(%(/*,$,(7(',*/ &#/&9-'-&'"/O$%$&'(5/,0(%(#&%(5/)$''&,/6(/0(3+/%(*9&'*-63(/#&%/$'K/(%%&%*/-')32+(+/ -'/*2)0/-'#&%7$,-&'/&%/#&%/)$*(*/&#/#&%4(%K/&#/,0(/9%()-&2*/-,(7*"/O$%$&'(/+&(*/'&,/ KYEVERXII ER] GIVXMÁGEXI JVSQ MRHITIRHIRX KIQSPSKMGEP PEFSVEXSVMIW EXXEGLIH XS ,0(/9%()-&2*/-,(7*"/1&!(8(%5/%(#(%(')(/,&/,0(/%(*23,*/&#/,0(*(/,(*,*/7$K/6(/7$+(/$*/ -'#&%7$,-&'/,&/62K(%*" =-*92,(*/ ,&/ ,0(/ $6&8(/ $#,(%/ V'&)V/ +&!'/ $%(/ '&,/ $33&!(+"/ Y(-,0(%/ O$%$&'(/ '&%/ ,0(/*(33(%/)$'/6(/0(3+/%(*9&'*-63(/#&%/(%%&'(&2*/-'#&%7$,-&'/&'/,0(/-,(7*/92,/29/ #&%/$2),-&'"/ S&,*/92,/29/#&%/*$3(/$%(/,&/6(/)&'*-+(%(+/$*/*()&'+M0$'+/9%&9(%,K/9%&8-+(+/$*/ ERXMUYIW %W WYGL XLI] EVI RSX GPEWWMÁIH EW µTVSHYGX¶ YRHIV XLI HIÁRMXMSR SJ EVX N5/3(,,"/(h/&#/S(4-*3$,-8(/=()%((/'&"/EBW/&#/BWUB@UEBBF/gT&'*27(%/T&+(h"

5"##2+*(6O$%$&'(/!-33/)&'*-+(%/&'3K/,0&*(/)3$-7*/%(4$%+-'4/+-*92,(*/&8(%/,0(/$2,0(',-)-,K/ SJ PSXW XLI I\MWXIRGI SJ WIVMSYW Â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ÁJXIIR )$3('+$%/+$K*i g-h/#%&7/,0(/+$,(/&#/+(3-8(%K/&#/,0(/3&,/#&33&!-'4/,0(/$2),-&'5/-'/,0(/)$*(/&#/92%)0$*(*/ 6K/ 9(%*&'*/ 9%(*(',/ -'/ ,0(/ $2),-&'/ %&&75/ -')32+-'4/ ,0&*(/ %(9%(*(',(+/ 6K/ $4(',*5/ )&77-**-&'/$4(',*/&%/-',(%7(+-$%-(*j g--h/ #%&7/ ,0(/ +$,(/ &#/ ,0(/ %()(-9,/ &#/ ,0(/ 3&,/ +(3-8(%(+/ 6K/ )&2%-(%5/ -'/ ,0(/ )$*(/ &#/ 92%)0$*(*/6K/6-+*/8-$/)&%%(*9&'+(')(5/6K/,(3(90&'(/&%/8-$/,0(/.',(%'(,"

T3$-7*/$%(/'&,/$))(9,(+/-'/$'K/)$*(i

E TIVXEMRMRK XS ÂE[W SV HIJIGXW I\TVIWWP] HIWGVMFIH MR XLI GEXEPSKYI ERH IEWMP] +-*)(%'$63(/6K/,0(/90&,&4%$90/&#/,0(/3&,/&%/+2%-'4/,0(/9%(M$2),-&'/8-(!-'4j g6h/9(%,$-'-'4/,&/723,-93(/3&,*/*2)0/$*/)&33(),-&'*/&%/$))2723$,-&'*/&#/$'K/V-'+j g)h9(%,$-'-'4/ ,&/ 3&,*/ (Q93-)-,3K/ +(*)%-6(+/ -'/ ,0(/ $2),-&'/ )$,$3&42(/ $*/ I,&/ 6(/ (Q$7-'(+Jj g+h/9(%,$-'-'4/,&/,0(/*,$,(/&#/9%(*(%8$,-&'/&#/3&,*5/,0(/(8$32$,-&'/&#/*2)0/*,$,(/6(-'4/ *26:(),-8(/$'+/*$3(*/*26:(),/,&/,0(/)3$2*(/I$*/*(('/$'+/#&2'+/$))(9,$63(Jj

I TIVXEMRMRK XS ÂE[W ERH HIJIGXW EXXVMFYXEFPI XS XLI FY]IV¸W EGXMSRW WYFWIUYIRX XS +(3-8(%K/&#/,0(/3&,j/ g#h/$#,(%/WB/+$K*/0$8(/9$**(+/#%&7/,0(/$2),-&'/+$,(" O$%$&'(/!-33/$'*!(%/-'/!%-,-'4/,&/,0(/)3$-7*/!-,0-'/WB/+$K*/&#/%()(-9," O$%$&'(/ !-33/ 0&'&2%/ )3$-7*/ &'3K/ !0(%(/ ,0(/ 3&,/ -*/ :2+4(+/ 6K/ ,!&/ -'+(9('+(',/ I\TIVXW REQIH F] IEGL TEVX] EW FIMRK YREYXLIRXMG EJJIGXIH F] WIVMSYW ÂE[W SV 0-++('/+(#(),*/$'+U&%/'&,/)&'#&%7-'4/,&/,0(/+(*)%-9,-&'/-'/,0(/$2),-&'/)$,$3&42("/ .'/*2)0/)$*(5/,0(/62K(%/!-33/6(/%(#2'+(+/&'3K/!-,0/,0(/$7&2',/)&%%(*9&'+-'4/,&/ ,0(/92%)0$*(/$'+/,&/,0(/*0-99-'4/)&*,"/;'K/&,0(%/)&79('*$,-&'/&%/%(-762%*(7(',/ -*/(Q9%(**3K/(Q)32+(+5/(Q)(9,/#&%/)$*(*/&#/-',(',-&'$3/#$23,/$'+/*(%-&2*/'(43-4(')("

7"##+(6()*)(/&#/<#+(*8(+()C b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`&/9$%,-)-9$,(/6K/)&%%(*9&'+(')(5/,(3(90&'(5/&%/8-$/,0(/.',(%'(,5/,0(/9$%,-)-9$',/ QYWX WMKR ERH WYFQMX XLI WTIGMÁG JSVQ EX PIEWX LSYVW FIJSVI XLI EYGXMSR ,02*/$4%((-'4/,&/,$V(/9$%,/-'/,0(/$2),-&'/%(#(%%(+/,&5/$'+/2'+(%,$V(*/,&/9$K/,0(/ 92%)0$*(/9%-)(/0$77(%(+/*0&23+/0(U*0(/6(/$!$%+(+/,0(/9%&9(%,K"/O$%$&'(/!-33/ '&,/6(/0(3+/-'/$'K/)$*(/%(*9&'*-63(/#&%/'&'M9$%,-)-9$,-&'/6K/)&%%(*9&'+(')(/&%/ ,(3(90&'(5/-#/,0(/#&%7/-*/'&,/%()(-8(+/-'/+2(/,-7(5/&%/-*/'&,/9%&9(%3K/)&793(,(+"/`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ÁVWX TEVXMGMTEXMSR `0(/+(9&*-,/!-33/6(/%(,2%'(+/-'/)$*(/&#/'&'M$!$%+-'4"/

;"##8('O$%$&'(/ -*/ (',-,3(+/ ,&/ !-,0+%$!/ $'K/ 9%&9(%,K/ 92,/ 29/ #&%/ *$3("/ O$%$&'(/ -*/ $3*&/ (',-,3(+5/$,/,0(/;2),-&'((%C*/*&3(/+-*)%(,-&'5/,&/4%&29/&%/*(9$%$,(/3&,*/$'+/,&/)0$'4(/ ,0(/*$3(/*(X2(')(5/9%&8-+(+/,0(/3&,*/$%(/'&,/92,/29/#&%/*$3(/6(#&%(/,0(/*)0(+23(+/ +$,("/`0(/;2),-&'((%/7$K/$))(9,/6-+*/#%&7/9$%,-)-9$',*/$,,('+-'4/-'/9(%*&'5/$*/ !(33/$*/#%&7/,0&*(/9$%,-)-9$,-'4/6K/,(3(90&'(5/)&%%(*9&'+(')(/&%/8-$/,0(/.',(%'(,5/ TVSZMHIH WYGL FMHW EVI RSXMÁIH FIJSVI XLI EYGXMSR MR [VMXMRK YRHIV XLI EFSZI %23(*"

)>

+,',$-%!*,),.,)/%012134156789::!!!2Q

4;<13<56!!!547=;


_-++-'4/-'/,0(/$2),-&'/%&&7/-*/9(%#&%7(+/6K/%$-*-'4/,0(/'276(%(+/9$++3("/`0(/ 9%&9(%,K/ -*/ *&3+/ ,&/ ,0(/ 0-40(*,/ 6-++(%/ 6K/ +()3$%$,-&'/ &#/ ,0(/;2),-&'((%5/ !0-)0/ )&%%(*9&'+*/ ,&/ $))(9,$')(/ &#/ ,0(/ 6-+/ 7$+(/ 6K/ ,0(/ 9$%,-)-9$',"/ .#/ ,!&/ 6-+*/ $%(/ WYFQMXXIH MR [VMXMRK JSV XLI WEQI EQSYRX SRP] XLI FMH Á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ÁPP XLIMV TE]QIRX HYXMIW MRGPYHMRK GSQTIRWEXMSR ,&!$%+*/O$%$&'(" `0(/ (*,-7$,(*/ $99($%-'4/ -'/ ,0(/ )$,$3&42(/ $%(/ *,$,(+/ -'/ b2%&*/ $'+/ $%(/ 92%(3K/ $99%&Q-7$,(/ $7&2',*"/`0(*(/ $7&2',*/ 7$K/ 6(/ (X2$35/ 0-40(%/ &%/ 3&!(%/ ,0$'/ ,0(/ %(*(%8(/9%-)(*/&#/,0(/3&,*/$4%((+/!-,0/,0(/*(33(%*"

="##*@2)(/&#<%%;++(+/,&/,0(/0$77(%/9%-)(/$%(/$2),-&'/#((*5/$7&2',-'4/,&/?@Z/29/,&/ ?BB5BBB5/ ,&/?WZ/$6&8(/ ?BB5BBB/$'+/29/,&/ FBB5BBB5/$'+/,&/?NZ/$6&8(/ FBB5BBB5/932*/f;`/ $*/%(X2-%(+/6K/3$!"/;'K/$++-,-&'$3/)0$%4(/&%/,$Q/&'/,0(/92%)0$*(/-*/6&%'(/6K/,0(/ 62K(%" >"##-D(06%&)#/<#*E*3'%'#+/)-#*&'#0*C6%&) ;!$%+(+/ 3&,*/ $%(/ 9$-+/ 6K/ ,0(/ 62K(%/ &')(/ ,0(/ 9%&9(%,K/ -*/ )&33(),(+/ $,/ O$%$&'(/ 9%(7-*(*"/T&33(),-&'/!-33/,$V(/93$)(/$,/O$%$&'(/9%(7-*(*/$,/,0(/62K(%C*/(Q9('*(5/ [MXLMR ÁJXIIR HE]W JVSQ ORSGO HS[R *EVESRI [MPP HIPMZIV XLI E[EVHIH 9%&9(%,K/ &'3K/ 29&'/ 9$K7(',/ &#/ ,0(/ #233/ 9%-)(/ 0$77(%(+/ 6K/ ,0(/;2),-&'((%5/ -'/ $++-,-&'/,&/$2),-&'/#((*"/;,/-,*/&!'/+-*)%(,-&'5/O$%$&'(/7$K/$*V/,0(/62K(%/,&/9$K/ E HITSWMX XS ÁREPM^I XLI ORSGO HS[R SR XLI WEQI HE] SJ XLI EYGXMSR *VSQ ORSGO +&!'/,&/)&33(),-&'5/,0(/9%&9(%,K/!-33/6(/*,&%(+/$,/,0(/*&3(/%-*V/&#/,0(/62K(%" <$K7(',/7$K/6(/7$+(/-'/)$*0/29/,&/ N5BBB/!-,0/$/6$'V/+%$#,/7$+(/&2,/,&/O$%$&'(/ T$*$/+C;*,(/["%"3"5/6K/6$'V/,%$'*#(%/,&/,0(/6$'V/$))&2',/$''&2')(+/29&'/V'&)V/ +&!'"/.'/,0(/3$,,(%/)$*(5/9$K7(',/!-33/6(/)&'*-+(%(+/9(%#&%7(+/$'+/,0(/3&,/!-33/ 6(/+(3-8(%(+/&'3K/&')(/,0(/$7&2',/-*/$),2$33K/)%(+-,(+/,&/O$%$&'(C*/6$'V/$))&2'," .#/,0(/62K(%/#$-3*/,&/)&33(),/,0(/3&,*/!-,0-'/,0(/,-7(/3-7-,*/*(,/&2,/$6&8(5/$'+/#$-3*/ ,&/ 9$K/ ,0(/ (',-%(/ $7&2',/ +2(/ !-,0-'/ ,0(/ ,-7(/ 3-7-,*/ 9%&8-+(+/ -'/ ,0(*(/ P('(%$3/ `(%7*/$'+/T&'+-,-&'*/&%5/-#/,0(/62K(%/$99($%*/62,/#$-3*/,&/#233K/&%/9$%,3K/9$K/,0(/ ,&,$3/ $7&2',/ +2(/ !-,0-'/ ,0(/ ,-7(/ 3-7-,*/ 9%&8-+(+/ -'/ ,0(*(/ P('(%$3/`(%7*/ $'+/ T&'+-,-&'*5/O$%$&'(/!-33/6(/(',-,3(+5/$,/-,*/&!'/+-*)%(,-&'5/!-,0&2,/9%(:2+-)(/,&/ $'K/&,0(%/%-40,*/$'+/%(7(+-(*/&#/3$!5/,&i/g-h/,(%7-'$,(/,0(/92%)0$*(/$4%((7(',5/ 92%*2$',/,&/$%,"/?LFW/&#/,0(/.,$3-$'/T-8-3/T&+(5/-'/,0(/'$7(/$'+/&'/6(0$3#/&#/,0(/ *(33(%5/-,/6(-'4/2'+(%*,&&+/,0$,/-'/*2)0/)$*(/O$%$&'(/7$K/+(7$'+/)&79('*$,-&'/ JVSQ XLI FY]IV JSV MXW S[R FIRIÁX ERH SV XLI FIRIÁX SJ XLI GSRWMKRSV JSV HEQEKIW ,0$,/0$8(/$%-*('5/%(9%(*(',(+/-'/9$%,-)23$%/$'+/!-,0&2,/3-7-,$,-&'5/6K/,0(/3&!(%/ 9%-)(/7$+(/-'/$/*26*(X2(',/*$3(5/6K/#((*5/(Q9('*(*/$'+/)0$%4(*5/-')32+-'4/3(4$3/ )&*,*/6&%'(5/(,)"j/&%/,&/g--h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g*h/-'/ X2(*,-&'5/ $'+/ -,/ !-33/ 0$8(/ ,0(/ %-40,/ ,&/ $993K5/ ,&/ ($)0/ 3&,5/ *,&%$4(/ #((*/ $'+/ $'K/ %(#2'+/&#/)&*,*/#&%/,%$'*9&%,$,-&'/,&/,0(/!$%(0&2*(5/$*/9(%/,0(/,$%-##*/$8$-3$63(/ &'/ %(X2(*,"/;33/ $'+/ $'K/ %-*V*/ #&%/ 3&**/ &%/ +$7$4(/ &#/ ,0(/ $!$%+(+/ 9%&9(%,K/ $%(/ ,%$'*#(%%(+/,&/,0(/62K(%/29&'/V'&)V/+&!'"/`0(/62K(%/7$K/0$8(/,0(/92%)0$*(+/ 9%&9(%,K/+(3-8(%(+/&'3K/29&'/9$K7(',/,&/O$%$&'(/&#/,0(/9%-)(/$'+/&#/$'K/&,0(%/ %(3$,-'4/)&77-**-&'5/)&*,/&%/%(#2'+"

A"##-*+%#E()D#3%)%&)(/&#/<#)()+% S&,*/ $%(/ *&3+/ !-,0/ %(,(',-&'/ &#/ ,-,3(5/ 92%*2$',/ ,&/ $%,"/ ?FEN/ &#/ ,0(/ .,$3-$'/ T-8-3/ T&+("/`0(%(#&%(5/,0(/62K(%/!-33/'&,/$)X2-%(/,-,3(/,&/,0(/3&,*/2',-3/#233/9$K7(',/&#/ ,0(/92%)0$*(/9%-)(/$'+/,0(/$2),-&'/#((*"/`0(/%-*V/&#/+(,(%-&%$,-&'/&%/+$7$4(/&#/ ,0(/3&,*/!-33/6(/,%$'*#(%%(+/,&/,0(/62K(%/29&'/+(3-8(%K/&#/,0(/3&,*"/`0(/3&,*/!-33/6(/ +(3-8(%(+/&'3K/29&'/#233/9$K7(',/&#/,0(/9%-)(/+2(/6K/,0(/62K(%" !B"#F@3(-'(2)(/& `0(*(/[$3(*/`(%7*/$'+/T&'+-,-&'*5/4&8(%'(+/6K/.,$3-$'/3$!5/$%(/,$)-,3K/$))(9,(+/ 6K/ $33/ ,0(/ 9$%,-)-9$',*/ -'/ ,0(/ $2),-&'5/ $'+/ $%(/ 7$+(/ $8$-3$63(/ ,&/ $'K/ 9(%*&'/ 29&'/%(X2(*,"/;33/+-*92,(*/%(4$%+-'4/$2),-&'/*$3(*/$,/O$%$&'(/$%(/%(#(%%(+/,&/,0(/ (Q)32*-8(/:2%-*+-),-&'/&#/,0(/T&2%,/&#/\-3$'" !!"##03($*2C ]'+(%/$%,"/?N/&#/S(4-*3$,-8(/=()%((/'&"/?@WUEBBN/g=$,$/<%&,(),-&'/T&+(h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

!."##&/)(2%;'K/'&,-)(*/%(4$%+-'4/,0(/$2),-&'/*$3(/$%(/7$+(/6K/%(4-*,(%(+/3(,,(%/!-,0/%(,2%'/ %()(-9,/$++%(**(+/,& O;D;aYb/T;[;/=C;[`b/["%"3" f-$/\&',('$9&3(&'(5/@/M/EB?E?/\-3$'&

!5"##'(-2+*(6%3#2/&2%3&(&?#)D%#-*+%-#)%36-#*&'# 2/&'()(/&-#2/&)*(&%'#(&#2*)*+/?@%`0(/[$3(*/`(%7*/$'+/T&'+-,-&'*5/-'#&%7$,-&'/$'+/)$,$3&42(/,(Q,*/-'/$/3$'42$4(/ &,0(%/,0$'/.,$3-$'5/$%(/#&%/,0(/*$V(/&#/)&'8('-(')(/&'3K/$'+/*0$33/-'/'&/!$K/6(/ )&'*-+(%(+/6-'+-'4"/O$%$&'(/+&(*/'&,/,$V(/$'K/%(*9&'*-6-3-,K/#&%/,0(/)&%%(),'(**/ &#/,0(*(/,%$'*3$,-&'*"/ !7"##2/'%#/<#2@+)@3*+#D%3()*?%# *SV MXIQW WYFNIGX XS RSXMÁGEXMSR JVSQ XLI 7XEXI TYVWYERX XS 0IKMWPEXMZI (IGVII RS LE/&#/EE"B?"EBBL/gT&+(/&#/T23,2%$3/1(%-,$4(h/$'+/('*2-'4/$7('+7(',*5/62K(%*/$%(/ %(X2-%(+/,&/)&793K/!-,0/$33/,0(/9%(8$-3-'4/3$!*/&'/,0(/7$,,(%" [0&23+/ ,0(/ [,$,(/ (Q(%)-*(/ -,*/ 9%(M(79,-8(/ %-40,5/ ,0(/ 62K(%/ )$''&,/ (Q9(),/ #%&7/ O$%$&'(/ &%/ ,0(/ *(33(%/ $'K/ %(-762%*(7(',/ &#/ -',(%(*,/ &'/ ,0(/ 9%-)(/ &%/ &'/ $2),-&'/ #((*/$3%($+K/9$-+"/ `0(/(Q9&%,/&#/-,(7*/6K/62K(%*/6&,0/%(*-+(',/$'+/'&,/%(*-+(',/-'/.,$3K/-*/4&8(%'(+/ 6K/,0(/$6&8(/7(',-&'(+/3$!/$'+/6K/&,0(%/)2*,&7*5/)2%%(')K/$'+/,$Q/%23(*/-'/#&%)("/ bQ9&%,/&#/-,(7*/,0$,/$%(/7&%(/,0$'/FB/K($%*/&3+/-*5/,0(%(#&%(5/*26:(),/,&/,0(/%(3($*(/ &#/ $'/ (Q9&%,/ 3-)('*(/ #%&7/ ,0(/ )&79(,(',/;2,0&%-,K"/ O$%$&'(/ +&(*/ '&,/ ,$V(/ $'K/ %(*9&'*-6-3-,K/,&!$%+*/,0(/62K(%/$*/#&%/$'K/9&**-63(/(Q9&%,/%(*,%-),-&'/&#/,0(/-,(7*/ ORSGOIH HS[R RSV GSRGIVRMRK ER] TSWWMFPI PMGIRWI SV GIVXMÁGEXI XS FI SFXEMRIH $))&%+-'4/,&/,0(/.,$3-$'/3$!" / !:"##6(-2%++*&%/@[0&23+/&'(/&%/7&%(/)3$2*(*/&#/,0(*(/`(%7*/$'+/T&'+-,-&'*/6(/&%/6()&7(/-'(##(),-8(/ &%/-'8$3-+/#&%/$'K/%($*&'/!0$,*&(8(%5/*2)0/-'(##(),-8('(**/&%/-'8$3-+-,K/!-33/'&,/ $##(),/,0(/3(4$3/(##(),-8('(**/&#/,0(/%(7$-'-'4/9%&8-*-&'*"/`0(/-'(##(),-8(/&%/-'8$3-+/ 9%&8-*-&'*/!-33/6(/%(93$)(+/6K/9%&8-*-&'*/,0$,/)$'/6(*,/9%(*(%8(/,0(/%$,-&'$3(/&#/ ,0(/-'8$3-+/9%&8-*-&'" ;'K/)0$'4(/&%/$++-,-&'/,&/,0(*(/[$3(*/`(%7*/$'+/T&'+-,-&'*/-*/+((7(+/8&-+/2'3(**/ 7$+(/-'/!%-,-'4"

).

+,',$-%!*,),.,)/%012134156789::!!!26

4;<13<56!!!547=;


/P9AD%!D#!'11AZ0%!

5@F6=;?!! 2WW54:5qW646285R676I67:5M=: W6g?!LEH!,+!.>ME-M)>MN)

P2FB=;645!=8:5<46;F58:5!5I! =8!"%#]/P'$'

%/0%!DA$$Q!)!"%**#'!+,-.

#;!72::27R4=::2!

!!!!!!!!

!

!

!

!

!

!

!

!

!

!!!!!!!!!!!!!!!!!!!!!!!!!

Z57=I58:5!=8!!

!

!!!

!

!

!

!

!

!

!

!

!!!!!!!

!

P=::U!

!

!

P%Y!

!

!

!

/:6:2!!!!!!! !

!

!

!

!

05;5W282!(!P5;;3;645!!

!

!

!

!

!

5@F6=;!

!

!

!

!

!

P2I=R5!1=7R6;5!!(!!Y64:=:6!#MJM%M!

!

!

!

!

!

!

!

!

!

!

!

!

!

!

$32<2!5!I6:6!I5;!4=;67R=2!!

!

!

!

D2R3F58:2!I=!=I58:=:U!&o!e6;;5<645!W2:2R2B=6f!! &IRIÁGMEVMS IJJIXXMZS

3 7- 3 23 EPPSVE MRHMGEVI 2SQI 'SKRSQI -RHMVM^^S

P28! ;6! 72::27R4=C=285! I5;! B45758:5! F2I3;2! I=! B64:5R=B6C=285! 6;;Q67:6K! 7=6! B54! R244=7B28I58C6K! 7=6! :5;5W28=R6K! 6RR5::2! =8:5<46;F58:5! T368:2! T3=! =8I=R6:2K! 828RVj! ;5! P28I=C=28=! *58546;=! I=!J58I=:6! 6;;Q%7:6! I=! 1646285! P676! IQ%7:5! /M4M;M! eIQ246! =8868C=!`1646285af! 4=B24:6:5! 73;! R6:6;2<2! I5;;Q67:6! 5! 28;=85! 73;! 7=:2! =8:5485:! hhhM W646285R676I67:5M=:!5!T3=!I=!75<3=:2!6;;5<6:5!5!I=RV=642!I=!6S5485!B4576!S=7=285!B4=F6!I5;;Q2WW54:6M 3JJIVXE TIV GSVVMWTSRHIR^E -RGEVMGS *EVESRI EH IJJIXXYEVI TIV QMS GSRXS HIPPI SJJIVXI TIV P¸EGUYMWXS HIM PSXXM UYM WSXXS IPIRGEXM ÁRS EP TVI^^S QEWWMQS MRHMGEXS TIV R=67R382!I=!577=!85;;6!R2;2886!`2WW54:6!F677=F6aM 'WW54:6!:5;5W28=R6!P28!;6!B45758:5!RV=5I2!5!63:24=CC2!1646285!6!B458I545!R28:6::2!:5;5W28=R2!R28!F5!6=!83F54=!72B46=8I=R6:=!6;!F2F58:2!=8!R3=!S5446882!B27:=!=8!S58I=:6! =!;2::=!T3=!72::2!5;58R6:=K!I3468:5!;2!7S2;<=F58:2!I5;;Q%7:6M!k36;246K!B54!T36;38T35!F2:=S2K!68RV5!I=!86:346!:5R8=R6K!828!4=37R=775!=;!R28:6::2!:5;5W28=R2K!;6!B45758:5!S644U! GSQI MRGEVMGS TIV GSVVMWTSRHIR^E TIV P¸EGUYMWXS HIM PSXXM UYM WSXXS IPIRGEXM ÁRS EP TVI^^S QEWWMQS MRHMGEXS TIV GMEWGYRS HM IWWM RIPPE GSPSRRE µSJJIVXE QEWWMQE¶

$'00#!YAZ!#!k]%$#!/#!P9#ADA!$%!Y%Z0AP#Y%m#'&A!%$$Q%/0%?! $2::2!&o

DA/PZ#m#'&A

'WW54:6!F677=F6 e57R;37=!I=4=::=!IQ67:6f!A342!

Y64:M!05;Mp

pP28:46775<8645!R28!386!`[a!75!7=!=8:58I5!5WW5::3645!386!B64:5R=B6C=285!:5;5W28=R6K!RV5!B2:4U!577545!4=RV=57:6!68RV5!B54!72;2!6;R38=!I5=!;2::=!=8I=R6:=K!B54!R3=!<;=!6;:4=! 7=!=8:58I546882!B54!R244=7B28I58C6M 7SRS GSRWETIZSPI GLI WI EGUYMWXS YRS S TM PSXXM HIZS VMGSRSWGIVI E *EVESRI SPXVI MP TVI^^S HM EKKMYHMGE^MSRI M HMVMXXM HM EWXE TEVM EP ÁRS EH ¾ TEVM EP SPXVI E ¾ I WMRS E ¾ I TEVM EP SPXVI E ¾ XYXXM SPXVI P¸-:% TVIZMWXE HEPPE RSVQEXMZE ZMKIRXI 5YEPYRUYI YPXIVMSVI SRIVI IW :467B24:2f! 2! :4=X3:2! 45;6:=S2! 6;;Q6RT3=7:2! 764U! R2F38T35! 6! R64=R2! I5;;Q6<<=3I=R6:64=2M! $5! 2WW54:5! I5S282! B54S58=45! 6;;6! 1646285! 58:42! =;! <=2482! 68:5R5I58:5! ;Q67:6! 68RV5!S=6!5@F6=;!6;;Q=8I=4=CC2!2WW54:5qW646285R676I67:5M=:M!#8!2<8=!R672!1646285!828!764U!4=:583:6!457B2876X=;5!I5;;6!F68R6:6!B64:5R=B6C=285!B54!R244=7B28I58C6!2! :5;5W28=R6K!T36;246!I5::2!F2I3;2!828!B54S58=775!=8!:5FB2!3:=;5K!2SS542!828!7=6!6I5<36:6F58:5!R2FB=;6:2K!828RVj!B54!;5!2WW54:5!=86SS54:=:6F58:5!828!575<3=:5!2!B54! 54424=!45;6:=S=!6;;Q575R3C=285!I5;;5!7:5775M!1646285!7=!4=754S6!6!B42B4=6!I=7R45C=285!=;!I=4=::2!I=!RV=5I545!6;!B64:5R=B68:5!=;!4=;67R=2!I=!=I2855!<6468C=5!B54!B54F5::545!6;! TEVXIGMTERXI WXIWWS HM TSXIV JSVQYPEVI SJJIVXI EP ÁRI HIPP¸EKKMYHMGE^MSRI HM YRS S TM PSXXM SKKIXXS HIPP¸MRGERXS -P TEVXIGMTERXI WM MQTIKRE E GSRXVSPPEVI EP XIVQMRI HIPP¸EWXE WI PI WYI SJJIVXI WSRS ERHEXI E FYSR ÁRI QERPIZERHS *EVESRI HE SKRM VIWTSRWEFMPMXk MR XEP WIRWS % KEVER^ME HIP GSVVIXXS WZSPKMQIRXS HIPPE TEVXIGMTE^MSRI 1646285!7=!4=754S6!I=!45<=7:4645!=8!T36;7=67=!W24F6!;6!75I3:6!I5;;Q67:6!828RVj!45<=7:4645!=!R2;;5<6F58:=!:5;5W28=R=M

rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!$32<2!5!I6:6!G!1=4F6!! !

%=!7587=!5!B54!<;=!5WW5::=!I5<;=!64::M!-EO-!5!-EO+!R2IM!R=SM!I=RV=642!I=!6BB42S645!<;=!64:=R2;=!8M!-K!EK!OK!NK!>K!)K!HK!-,K!-EK!-N!I5;;5!P28I=C=28=!*58546;=!I=!J58I=:6!I=!1646285M! 4=B24:6:5!73;!R6:6;2<2!I5;;Q67:6!5!28;=85!73;!7=:2!=8:5485:!hhhMW646285R676I67:5M=:!5I!6;;5<6:5!6;;6!B45758:5!/RV5I6!I=!'WW54:6M

rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!$32<2!5!I6:6!G!1=4F6!!

P2875872!6;!:46::6F58:2!I5=!I6:=!B547286;=!s!P2I=R5!Y4=S6Rt!DM$<7M!&M!-H>G+,,E %=!7587=!I5;;Q64:M!-E!DM$<7M!-H>G+,,E!eP2I=R5!=8!F6:54=6!I=!B42:5C=285!I5=!I6:=!B547286;=fK!;6!72R=5:U!1646285!P676!IQ%7:5!/M4M;MK!85;;6!736!T36;=:U!I=!:=:2;645!I5;!:46::6F58:2K! =8W24F6!RV5!=!I6:=!W248=:=!S5446882!3:=;=CC6:=K!R28!F5CC=!R64:6R5=!5I!5;5::428=R=K!B54!B2:54!I645!B=586!5I!=8:5<46;5!575R3C=285!6=!R28:46::=!I=!R2FB46S58I=:6!7:=B3;6:=! I6;;6!7:5776!72R=5:UK!828RVj!B54!=;!B5475<3=F58:2!I=!2<8=!6;:42!754S=C=2!=85458:5!;Q2<<5::2!72R=6;5!I=!1646285!P676!IQ%7:5!/M4M;MK!;Q=8S=2!I=!R6:6;2<V=!I5;;5!67:5!73RR577=S5! IH EPXVS QEXIVMEPI MRJSVQEXMZS VIPEXMZS EPP¸EXXMZMXk HIPPE WXIWWE -P GSRWIRWS r SFFPMKEXSVMS EM ÁRM HIPPE TEVXIGMTE^MSRI EPPI %WXI HIPP¸IWIGY^MSRI HIM GSRXVEXXM GSRGPYWM

rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!$32<2!5!I6:6!G!1=4F6!!

))

+,',$-%!*,),.,)/%012134156789::!!!22

4;<13<56!!!547=;


5@F6=;?!! 2WW54:5qW646285R676I67:5M=: W6g?!LEH!,+!.>ME-M)>MN)

[;_[bY`bb/_.=/OaD\/

O-33/-'/#233/$'+/-'/ _SaTq/Sb``bD[

;]T`.aY/aY/G,0/\;e/EB?A

.5/,0(/2'+(%*-4'(+/

////////

/

/

/

/

/

/

/

/

/

/

/

D(*-+(',/-'///

/

/

/

/

/

/

/

/

/

/

/

////////

T-,K/

/

/

d.</

/

/

/

Y$,-&'/

/

/

/

/

/

`(3(90&'(/c/\&6-3(/ /

/

/

/

/

/

(M7$-3/

/

/

/

/

/

`$Q/T&+(//c//f;`/'&"/

/

/

/

/

/

/

/

/

/

/

/

/

/

/

/

<3$)(/$'+/+$,(/&#/-**2(/

/

//

/

/

/

/

/

///

/

.+(',-,K/+&)27(',U/Yk/g$,,$)0/90&,&)&9Kh/// _('(#-)-$3/a!'(%/ !

/

a/eb[///////a/Ya//,0('/!%-,(/Y$7(/$'+/;++%(**/

/

/

_K/*-4'-'4/,0-*/#&%7/#&%/9$%,-)-9$,-&'/-'/,0(/$2),-&'5/(-,0(%/6K/)&%%(*9&'+(')(/&%/6K/,(3(90&'(5/./#233K/$))(9,/,0(/9%&8-*-&'*/0(%(-'5/$*/!(33/$*/,0(/P('(%$3/;2),-&'/`(%7*/ $'+/T&'+-,-&'*/&#/O$%$&'(/T$*$/+C;*,(/["%"3"/g0(%(-'$#,(%/IO$%$&'(Jh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

$'0/!1'Z!c9#P9!Y%Z0#P#Y%0#'&!#&!09A!%]P0#'&!#/!ZAk]A/0AD?! $2:!&o

DA/PZ#Y0#'&

9=<V57:!X=I e5gR;3I=8<!63R:=28!W557f!A342!

Y64:M!05;Mp

l\$%V/!-,0/$'/ImJ/#&%/9$%,-)-9$,-&'/6K/,(3(90&'(5/!0-)0/7$K/6(/%(X2(*,(+/(8('/#&%/9$%,/&#/,0(/3-*,(+/3&,*j/9$%,-)-9$,-&'/6K/)&%%(*9&'+(')(/-*/2'+(%*,&&+/#&%/$33/,0(/&,0(%/ 3&,*" ./$7/$!$%(/&#/,0(/#$),/,0$,/-#/./92%)0$*(/&'(/&%/7&%(/3&,*5/./72*,/$)V'&!3(+4(/O$%$&'(5/-'/$++-,-&'/,&/,0(/0$77(%/9%-)(5/$2),-&'/#((*/(X2$3/,&/?@Z/29/,&/ /?BB5BBB5/,&/ ?WZ/$6&8(/ ?BB5BBB/$'+/29/,&/ FBB5BBB5/$'+/,&/?NZ/$6&8(/ FBB5BBB5/932*/f;`/$*/%(X2-%(+/6K/3$!"/;'K/$++-,-&'$3/)0$%4(/g("4"5/,%$'*9&%,$,-&'h/&%/,$Q/&'/,0(/92%)0$*(/-*/ 6&%'(/6K/,0(/62K(%"/_-+*/72*,/6(/%()(-8(+/6K/O$%$&'(/$,/3($*,/EL/0&2%*/6(#&%(/,0(/$2),-&'5/$3*&/6K/(7$-3/,&/&##(%,(n#$%$&'()$*$+$*,("-,"/O$%$&'(/!-33/'&,/6(/0(3+/-'/$'K/ )$*(/%(*9&'*-63(/#&%/'&'M9$%,-)-9$,-&'/6K/)&%%(*9&'+(')(/&%/,(3(90&'(5/-#/,0(/#&%7/-*/'&,/%()(-8(+/-'/+2(/,-7(5/&%/-*/'&,/9%&9(%3K/)&793(,(+5/&%/#&%/$))-+(',$33K/#$-3-'4/,&/ (Q()2,(/6-+*/&%/#&%/(%%&%*/-'/,0(-%/(Q()2,-&'"/O$%$&'(/%(*(%8(*/,0(/%-40,5/$,/-,*/&!'/+-*)%(,-&'5/,&/%(X2(*,/,0(/-**2-'4/&#/$99%&9%-$,(/42$%$',((*/#%&7/,0(/9$%,-)-9$',/,&/ $33&!/0-7U0(%/,&/*267-,/6-+*/-'/8-(!/&#/$'/$!$%+/&#/&'(/&%/7&%(/3&,*/+2%-'4/,0(/$2),-&'"/`0(/9$%,-)-9$',/,$V(*/%(*9&'*-6-3-,K/#&%/$*)(%,$-'-'45/$#,(%/,0(/$2),-&'5/!0(,0(%/ 0-*U0(%/6-+/0$*/6(('/*2))(**#235/%(3-(8-'4/O$%$&'(/&#/$'K/3-$6-3-,K/-'/,0$,/%(*9(),"/`&/('*2%(/9%&9(%/9$%,-)-9$,-&'5/O$%$&'(/%(*(%8(*/,0(/%-40,/,&/%()&%+/$2),-&'/*(**-&'*/-'/ $'K/#&%75/$'+/,&/%()&%+/,(3(90&'(/)&''(),-&'*" oooooooooooooooooooooooooooooooooooooooo !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!/<3$)(/$'+/+$,(/U/[-4'$,2%( ! <2%*2$',/,&/$'+/-'/$))&%+$')(/!-,0/$%,-)3(*/?NL?/$'+/?NLE/&#/,0(/.,$3-$'/T-8-3/T&+(5/./0(%(6K/$99%&8(/$%,-)3(*/'&"/?5/N5/L5/F5/W5/G5/@5/?B5/?N5/?F/&#/,0(/P('(%$3/;2),-&'/`(%7*/ $'+/T&'+-,-&'*/&#/O$%$&'(5/$99($%-'4/-'/,0(/$2),-&'/)$,$3&42(5/&'/,0(/!(6*-,(/!!!"#$%$&'()$*$+$*,("-,/$'+/$,,$)0(+/,&/,0-*/;6*(',((/_-+/O&%7"

rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!/<3$)(/$'+/+$,(/U/[-4'$,2%( ! T&'*(',/,&/,0(/9%&)(**-'4/&#/9(%*&'$3/+$,$/p/<%-8$)K/T&+(/S(4-*3$,-8(/=()%((/Y&"/?@WUEBBN ]'+(%/$%,"/?N/&#/S(4-*3$,-8(/=()%((/'&"/?@WUEBBN/g=$,$/<%&,(),-&'/T&+(h5/$*/+$,$/)&',%&33(%5/O$%$&'(/T$*$/+C;*,(/["%"3"/-'#&%7*/,0$,/,0(/+$,$/9%&8-+(+/!-33/6(/2*(+5/ ,0%&240/9%-',/$'+/(3(),%&'-)/7(+-$5/,&/#233K/(Q()2,(/,0(/92%)0$*(/$4%((7(',*/(',(%(+/-',&/6K/,0(/)&79$'K5/$'+/$33/&,0(%/*(%8-)(*/%(3$,(+/,&/,0(/)&%9&%$,(/&6:(),/&#/O$%$&'(/ T$*$/+C;*,(/["%"3"5/,0(/*('+-'4/&#/)$,$3&42(*/%(4$%+-'4/*26*(X2(',/$2),-&'*/$'+/&,0(%/-'#&%7$,-8(/7$,(%-$3/)&')(%'-'4/-,*/$),-8-,-(*"/T&'*(',/-*/%(X2-%(+5/#&%/9$%,-)-9$,-&'/ -'/,0(/;2),-&'*5/#&%/,0(/(Q()2,-&'/&#/,0(/$4%((7(',*/(',(%(+/-',&" rrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrrr !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!/<3$)(/$'+/+$,(/U/[-4'$,2%( !

)H

+,',$-%!*,),.,)/%012134156789::!!!2;

4;<13<56!!!547=;


\-3$'5/O&2%/[($*&'*/1&,(3 R(!(33(%K/;2),-&'5/EN%+/Y&8(76(%/EB?W

<$%2%(/f$'/T3((#/r/;%9(3* N/6%$)(3(,*/-'/K(33&!/4&3+5/6%-33-$',5/)&%$3 !0-)0/$,,$)0(+/,&4(,0(%/#&%7/$/'()V3$)("/ \$,)0-'4/9('+(',/$'+/(Q,%$/6%$)(3(," /EE"BBB5BBMEL"BBB5BB

[aS=/OaD// /?BG"N@G5EB// -')32+-'4/62K(%C*/9%(7-27

+,',$-%!*,),.,)/%012134156789::!!!;1

4;<13<56!!!547>1


+,',$-%!*,),.,)/%012134156789::!!!;5

4;<13<56!!!547>1


VIA MONTENAPOLEONE, 9 | 20121 MILANO +39 02 76319153 INFO@FARAONECASADASTE.IT

www.faronecasadaste.it


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.