Mantra Australian Album and Tour PR Report 2013 by Paris is Patient

MANTRA TELLING SCENES

AUSTRALIAN ALBUM AND TOUR

PUBLICITY REPORT 2013 Campaign Period: July 26 – October 11 Australian Tour: September 19 – October 26

11A Balmerino Avenue Toorak, VIC Australia 3142 | ABN 68 919 686 054 www.parisispatient.com.au - Commercial in Confidence

CO NTENTS

CAMPAIGN SUMMARY

QUOTE SHEET

PRESS RELEASES

MEDIA COVERAGE SUMMARY

MEDIA COVERAGE – PRINT

MEDIA COVERAGE – ONLINE

MEDIA COVERAGE – RADIO & TV

11A Balmerino Avenue Toorak, VIC Australia 3142 | ABN 68 919 686 054 www.parisispatient.com.au - Commercial in Confidence

CAM PAIGN SUM M ARY

Overview Mantra’s 2013 PR Report summarises and presents the total media coverage for the Australian ‘Telling Scenes’ Album Release and Headline Tour between September October. The purpose of the PR Report is to show the impact Paris is Patient has made to help drive and promote the Artist and Record Label’s communication goals: Increasing Mantra’s exposure nationally within the Australian music environment and achieving meaningful results to support and drive physical and digital album sales, and event ticket sales.

Communication Objective To help drive the overall success of Mantra’s ‘Telling Scenes’ album release and tour by securing media coverage to inform audiences about the new release and event dates, developing and maintaining relationships with media nationally and building long-term awareness of the Artist in Australia.

Overall Results

MEDIA OUTLET

NUMBER OF HITS

Online

115

Radio

Television

Campaign Period Total

164

Media Clips The following media clips are separated by media type and is ordered chronologically by date.

11A Balmerino Avenue Toorak, VIC Australia 3142 | ABN 68 919 686 054 www.parisispatient.com.au - Commercial in Confidence

Q UO TE SHEET

“Mantra has taken some risks and dropped one of the hip-hop records of the year.” –Rolling Stone (4 stars) “Telling Scenes is a compelling achievement. It’s the album Mantra had to give us.” – The Music (3.5/5) “Mantra continues to evolve and push the boundaries of his work, never resting on his achievements... Playing it safe will no longer be an option, if releases such as this continue being the trend.” –All Aussie Hip Hop (4.9/5) “This is oz hip hop, but not as you know it.” –Canberra Tim es (4.5 stars) “Mantra’s third full length release gives listeners an emotional spectrum of Australian hip hop without forfeiting the MC’s talent as one of the scenes most technically gifted lyricists.” –Tone Deaf (8/10) "Whilst many in the Australian scene will rap about party times and alcohol, Mantra, like his handle has his sights aimed at higher topics in the public consciousness. Telling Scenes finds him a touch more playful, the inclusion of short and unobtrusive interludes and skits help break up the intensity of Mantra‘s rhymes, without the emcee losing his focus on the high ideals that typifies his work." – W ordplay Magazine "For anyone seeking to uncover quality recordings, amidst the increasing diversity of Hip Hop from Australia, should look no further than this album as a great point of entry; and people more familiar with the beats, rhymes and lives of Australian Hip Hop artists will immediately recognise that this is one of the country's finest lyrical artists doing what he does best." –Aphra Magazine "All in all, this album is amazing. It’s catchy, its honest, it’s diverse, it’s polished, but most of all – it restored my faith in Australian hip-hop. For that, Mantra, I thank you." –Cool Try (9.5/10) “Mantra’s latest album, ‘Telling Scenes’, simply put is a piece of fine art that has to be appreciated.” –Park Productions (8.5/10) “As a cavalcade of this caliber of song (re: Breaking Tradition), Telling Scenes confidently pushes the boundaries of hip hop, announcing in no uncertain terms that Mantra has reached the next level of his craft. –Oz Hip Hop

11A Balmerino Avenue Toorak, VIC Australia 3142 | ABN 68 919 686 054 www.parisispatient.com.au - Commercial in Confidence

PRESS RELEASES

11A Balmerino Avenue Toorak, VIC Australia 3142 | ABN 68 919 686 054 www.parisispatient.com.au - Commercial in Confidence

MANTRA RETURNS WITH A NEW SINGLE – BREAK TRADITION & ANNOUNCES NEW ALBUM FOR RELEASE SEPTEMBER 13TH Following on from radio anthem Loudmouth, Melbourne rapper Mantra has dropped the emotionally heavy Break Tradition – the second single from his forthcoming album, Telling Scenes. Due for release in September, Telling Scenes is an album in the most creative sense: not just a collection of songs, but an experience that takes its listener on a journey. As one part of this journey, Break Tradition represents a side of Mantra very close to his heart. Using dexterous rhymes to unfold stark and literal narratives, Mantra delves into the cycle of violence that sees the endless chain of one person passing their abuse on to the next, until someone makes the conscious decision to disinherit it. To break the tradition. Whether fate or a self-fulfilling prophecy, Mantra knew Break Tradition was going to be something special even before he wrote it. Listening through a catalogue of beats by rising producer Cam Bluff, one in particular jumped out at Mantra, instantly resonating with him on a deep level. He knew he had to put something heartfelt on top of it. By the time the song was complete, Mantra had unfolded some of the best rhymes of his career, added the multi-layered vocals of Melbourne’s Massive hip-hop choir, and capped everything off with a suitably grand chorus courtesy of Cisco Tavares. Powerful and relatable, Break Tradition had evolved into one of Mantra’s best songs, and had more than earned its place on his ambitious new album. As a cavalcade of this caliber of song, Telling Scenes confidently pushes the boundaries of hip hop, announcing in no uncertain terms that Mantra has reached the next level of his craft.

TOURING – AUGUST / SEPTEMBER / OCTOBER 2013 - 25 DATE REGIONAL TOUR, WITH SETH SENTRY & GREY GHOST, STARTING AUGUST 1st - TELLING SCENES NATIONAL TOUR TO BE ANNOUNCED AUGUST 9th All show details available from www.mantraemcee.com

TELLING SCENES – SEPTEMBER 13TH The highly anticipated third album in the Power Of The Spoken Trilogy, Telling Scenes, out Friday, September 13th 2013, through Ten To Two Records.

For all media enquiries please contact Seam Lam -‐ seam@parisispatient.com.au or 0433 339 030.

MANTRA ANNOUNCES NATIONAL ALBUM TOUR SEP-OCT ‘BREAK TRADITION’ SINGLE OUT NOW TELLING SCENES ALBUM PRE-ORDER AVAILABLE Friday, August 9, 2013 – MANTRA has announced a national album tour to launch his upcoming release and third studio album, Telling Scenes on September 13, 2013 through Ten To Two Records. Joining MANTRA on select dates is Melbourne’s GREY GHOST - tickets will go on sale Thursday 15 August, 9AM. Telling Scenes is an album in the most creative sense: not just a collection of songs, but an experience that takes its listener on a journey. With its emotional narratives, unpredictable twists and amazing cast, the album plays out like a great movie. In the director’s chair: one of Australia’s best and most-respected rappers.

Telling Scenes has already spawned two successful singles - radio anthem Loudmouth and the darker ‘Break Tradition’ – but it is the album as a whole that best showcases how high MANTRA has raised the bar. Epic and prodigious, Telling Scenes has delivered MANTRA straight into the upper echelons of his craft. Catch MANTRA as he performs around the country this September and October. All shows are 18+, full tour dates below.

MANTRA TELLING SCENES ALBUM LAUNCH TOUR SEPTEMBER - OCTOBER 2013 GREY GHOST will be joining MANTRA in WA, QLD & SA TICKETS ON SALE THURSDAY 15 AUGUST, 9AM THURSDAY 19 SEP – FLYRITE, PERTH - 18+ FRIDAY 20 SEP – MOJO’s, FREMANTLE - 18+ THURSDAY 3 OCT – GREAT NORTHERN, NEWCASTLE - 18+ * FRIDAY 4 OCT – ANNANDALE HOTEL, SYDNEY - 18+ * SATURDAY 5 OCT – BEACHCOMBER, TOUKLEY - 18+ * FRIDAY 11 OCT – THE EVELYN, MELBOURNE - 18+ * THURSDAY 17 OCT – TEMPO HOTEL, BRISBANE - 18+ SAT 19 OCT – SOL BAR, MAROOCHYDORE - 18+ SAT 26 OCT – ED CASTLE, ADELAIDE - 18+ * Grey Ghost not appearing All ticket and show details available from www.mantraemcee.com

PRE-ORDER THE NEW ALBUM AT:

ITUNES https://itunes.apple.com/au/album/telling-scenes/id679513661 TELLING SCENES Track Listing: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16.

Scene One (Introduction) Learn Your Language Energy Feat. Grey Ghost & Promoe The Fear Quicksilver Feat. Simone Page Jones Loudmouth Telling Scenes Baba Feat. Alia Gabres (Interlude) Baby Girl Feat. Kylie Auldist Break Tradition Feat. Cisco Tavares Who’s Your Favourite Rapper (Skit) Perfect Crime Feat. louis logic Dr. Trembath Meets Professor Von Horn (Skit) The Experiment Feat. Tom Thum Fighting As The Sun Goes Down

NEW SINGLE ‘BREAK TRADITION’ IS NOW AVAILABLE ON ITUNES! https://itunes.apple.com/au/album/break-tradition/id679513661?i=679513863 LISTEN TO ‘BREAK TRADITION’ ON YOUTUBE – http://youtu.be/6qvhntKjlHg Or SOUNDCLOUND - https://soundcloud.com/mantra-mc/break-tradition-eq-v2-04

www.mantraemcee.com www.tentotworecords.com

For all media enquiries please contact Seam Lam -‐ seam@parisispatient.com.au or 0433 339 030.

THE NEW ALBUM TELLING SCENES DEBUTS AT #1 ON AIR INDEPENDENT ALBUM #17 ON ARIA #3 ARIA AUSTRALIAN ALBUM AND #1 ARIA URBAN CHARTS IN THE COUNTRY! NATIONAL ALBUM TOUR SEP-OCT Monday, September 23, 2013 – One of Australia’s best and most-respected rappers, MANTRA has debuted at #17 on the ARIA Album charts, #3 on the ARIA Australian Album charts and #1 on the AIR Independent Album charts with his third studio album, Telling Scenes. The #1 ARIA Urban Album in the country this week, has been revered by fans and industry alike with reviews affirming the solid release: “... One of the Hip-Hop records of the year.” –Rolling Stone, 4 stars “Mantra’s third full length release gives listeners an emotional spectrum of Australian hip hop without forfeiting the MC’s talent as one of the scenes most technically gifted lyricists.” –Tone Deaf, 8/10 “Telling Scenes is a compelling achievement. It’s the album Mantra had to give us.” –The Music, 3.5/5 “Mantra continues to evolve and push the boundaries of his work, never resting on his achievements. ...Playing it safe will no longer be an option, if releases such as this continue being the trend.” –All Aussie Hip Hop, 4.9/5

Telling Scenes has already spawned two successful singles – crowd favourite Loudmouth and the darker ‘Break Tradition’ – but it is the album as a whole that best showcases how high MANTRA has raised the bar. Epic and prodigious, Telling Scenes has delivered MANTRA straight into the upper echelons of his craft. MANTRA kicked off his national album tour last week in WA with Melbourne’s GREY GHOST, with 4 Australian states still to visit, fans can see new songs from Telling Scenes performed live for the first time. MANTRA will be on the road until October 26 when the tour wraps up in Adelaide, see full dates below.

MANTRA TELLING SCENES ALBUM LAUNCH TOUR 2013 GREY GHOST will be joining MANTRA in WA, QLD & SA All ticket and show details available from www.mantraemcee.com THURSDAY 3 OCT – GREAT NORTHERN, NEWCASTLE - 18+ * FRIDAY 4 OCT – ANNANDALE HOTEL, SYDNEY - 18+ * SATURDAY 5 OCT – BEACHCOMBER, TOUKLEY - 18+ *

FRIDAY 11 OCT – THE EVELYN, MELBOURNE - 18+ * THURSDAY 17 OCT – TEMPO HOTEL, BRISBANE - 18+ SAT 19 OCT – SOL BAR, MAROOCHYDORE - 18+ SAT 26 OCT – ED CASTLE, ADELAIDE - 18+ * Grey Ghost not appearing

TELLING SCENES

Available Now via Ten To Two Records ITUNES https://itunes.apple.com/au/album/telling-scenes/id679513661 JB HIFI http://www.jbhifionline.com.au/music/urban-grooves/telling-scenes-bonus-mp3-bonus-keyring/689962 WATCH ‘BREAK TRADITION’ MUSIC VIDEO ON YOUTUBE – http://youtu.be/yw_2ISsFx70

www.mantraemcee.com www.tentotworecords.com

For all media enquiries please contact Seam Lam -‐ seam@parisispatient.com.au or 0433 339 030.

M EDIA CO VERAGE SUM M ARY

11A Balmerino Avenue Toorak, VIC Australia 3142 | ABN 68 919 686 054 www.parisispatient.com.au - Commercial in Confidence

AREA

PUBLICATION

PRINT DATE

CONTENT

DETAILS

REVIEW

LIVE REVIEW

PHOTOS

LIVE REVIEW

PHOTOS

PRINT -‐ LONGLEAD TAS

Warp Magazine

NAT

STACK Magazine

NAT

Rolling Stone

NAT

YEN Magazine

NAT

Acclaim Magazine

NAT

Primo! Magazine

ACT

BMA Magazine

NAT

Metior Magazine

NAT

Australian Musician Magazine

NAT

SPOOK Magazine

AREA

Wed 4 Sep, 2013

October and November Feature Interview, Album Issue Review

PUBLICATION

PRINT DATE

Pitched Album Review -‐ declined Pitched Interview to Jonathan -‐ declined (September issue Pitched Album Review -‐ is full) declined Album Review -‐ see Press Feature Story -‐ see Press Clipping Clipping Pitched Album Review -‐ Pitched Interview to Jana -‐ declined declined Pitched Album Review -‐ Pitched Interview to Jonathan -‐ declined (not a right fit) declined Pitched Album Review -‐ no Pitched Interview to Editor -‐ no response response Pitched Album Review -‐ Pitched Interview to Ash -‐ declined declined Pitched Album Review -‐ no Pitched Interview to Editor -‐ declined response Pitched Album Review -‐ no Pitched Interview to Greg -‐ no response response Pitched Album Review -‐ Pitched Interview to Katy -‐ declined declined

Cover Line, Feature Interview Cover Line & Feature Story -‐ see Press Clipping

CONTENT

DETAILS

REVIEW

PRINT -‐ WEEKLY QLD

Scene Magazine

Wed 14 Aug, 2013

The Music WA

Wed 21 Aug, 2013

VIC WA

Forte Magazine The Music WA

Thu 22 Aug, 2013 Wed 18 Sep, 2013

Pic and Blurb Feature Interview, Album Review Blurb Pic and Blurb

X-‐Press Magazine

Wed 18 Sep, 2013

Feature Interview

Feature Story -‐ see Press Clipping

VIC

Forte Magazine

Tue 24 Sep, 2013

Feature Interview

Feature Story -‐ see Press Clipping

Rip It Up Magazine

Thu 26 Sep, 2013

Feature Interview

Feature Story -‐ see Press Clipping

The Brag

Mon 30 Sep, 2013

Feature Interview

Feature Story -‐ see Press Clipping

NSW VIC

The Music VIC

Wed 2 Oct, 2013

VIC

Beat Magazine

Wed 2 Oct, 2013

NSW

The Music NSW

Wed 2 Oct, 2013

QLD

Scene Magazine

Wed 2 Oct, 2013

Pic and Blurb -‐ see Press Clipping Feature Story -‐ see Press Clipping

Pitched Live Review -‐ declined

Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined

Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined

Album Review -‐ see Press Clipping

Live Review -‐ see Press Clipping

Pitched Album Review -‐ declined Album Review -‐ see Press Clipping Pitched Album Review -‐ declined

Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined

Blurb -‐ see Press Clipping Pic and Blurb -‐ see Press Clipping

Feature Interview (Syndicated), Album Review, Syndicated Feature Story -‐ see Press Clipping Live Review Cover Line Pic, Feature Cover Line Pic & Feature Story -‐ see Press Clipping Interview Feature Interview Syndicated Feature Story -‐ see Press Clipping (Syndicated), Album Review Feature Interview

Album Review -‐ see Press Clipping

Feature Story -‐ see Press Clipping

QLD

The Music QLD

Wed 9 Oct, 2013

VIC

Beat Magazine

Wed 9 Oct, 2013

Feature Interview, Album Review Giveaway

ACT

The Canberra Times (Fly)

Fri 18 Oct, 2013

Album Review

AREA

PUBLICATION

PRINT DATE

CONTENT

Feature Story -‐ see Press Clipping

Album Review -‐ see Press Clipping

Pitched Live Review -‐ declined

Ultimate Boxset Giveaway -‐ see Press Clipping Pitched Interview to Andrew -‐ declined (not touring ACT)

DETAILS

Album Review -‐ see Press Clipping

REVIEW

LIVE REVIEW

PHOTOS

REVIEW

LIVE REVIEW

PHOTOS

REVIEW

LIVE REVIEW

PHOTOS

REVIEW

LIVE REVIEW

PHOTOS

REVIEW

LIVE REVIEW

PHOTOS

REVIEW

LIVE REVIEW

PHOTOS

REVIEW

LIVE REVIEW

PHOTOS

REVIEW

LIVE REVIEW

PHOTOS

VIC METRO MEL MEL

Herald Sun (HIT) mX Newspaper Melbourne

Pitched Interview to Adam -‐ no response Pitched Pictorial to Andrea -‐ declined (full schedule)

MEL

The Age -‐ Entertainment

Pitched Interview to Andrew -‐ no response

AREA

PUBLICATION

PRINT DATE

CONTENT

DETAILS

NSW METRO SYD SYD SYD

The Daily Telegraph The Sydney Morning Herald mX Newspaper Sydney

AREA

PUBLICATION

Pitched Interview to Editor -‐ no response Pitched Interview to News Desk -‐ no response Pitched Pictorial to Chris -‐ declined (times didn't work out)

PRINT DATE

CONTENT

DETAILS

NSW REGIONAL Newcastle Newcastle

Newcastle Herald Newcastle Star

AREA

PUBLICATION

Pitched Interview to Kate -‐ declined Pitched Interview to Kim-‐Cherie -‐ no response

PRINT DATE

CONTENT

DETAILS

QLD METRO BRIS BRIS BRIS

Brisbane Times The Sun Herald (Unwind) mX Newspaper Brisbane

AREA

PUBLICATION

Pitched Interview to Natalie -‐ declined Pitched Interview to Sam -‐ declined Pitched Pictorial to Jeff -‐ declined (times didn't work out)

PRINT DATE

CONTENT

DETAILS

QLD REGIONAL Maroochydore

AREA

North West Star MT ISA, Tweed Border Mail

PUBLICATION

Pitched Interview to Ally who forwarded to dept.

PRINT DATE

CONTENT

DETAILS

SA METRO ADEL ADEL ADEL

AREA

The Independent Weekly Leader Messenger The Advertiser (Adelaide)

PUBLICATION

Pitched Interview to Michelle -‐ declined Pitched Interview to Chantelle -‐ declined Pitched Interview to Editor -‐ declined

PRINT DATE

CONTENT

DETAILS

WA METRO PER FRE

AREA

The West Australian Fremantle Herald

PUBLICATION

Pitched Interview to Simon -‐ declined Pitched Interview to News -‐ declined

PRINT DATE

CONTENT

DETAILS

WA REGIONAL Bunbury Bunbury Esperance Kalgoorlie Albany Mandurah

SW Times & Bunbury Herald Bunbury Mail Esperance Express Kalgoorlie Miner Albany Advertiser Mandurah Mail

Thu 26 Sep, 2013 Thu 26 Sep, 2013

Feature Interview Feature Interview

Pitched Interview to Josh -‐ declined Pitched Interview to Anne-‐Maree -‐ declined Pitched Interview to Rex -‐ declined Pitched Interview to Tegan -‐ declined Feature Story -‐ see Press Clipping Feature Story -‐ see Press Clipping

AREA

PUBLICATION

DATE

CONTENT

DETAILS

ONLINE -‐ NEWS NAT

TheMusic.com.au

Fri 26 Jul, 2013

Album Announce

NAT

Reverb Online

Fri 26 Jul, 2013

Album Announce

NAT

Project U

Fri 26 Jul, 2013

Single Announce

NAT

Project U

Fri 26 Jul, 2013

Album Announce

NAT

Australian Musician Network

Mon 29 Jul, 2013

Album Announce

NAT

STASHeverything

Mon 29 Jul, 2013

Album Announce

NAT

AAA Backstage

Tue 30 Jul, 2013

Album Announce

NAT

Parx-‐e

Tue 30 Jul, 2013

Album Announce

NAT

Tone Deaf

Wed 31 Jul, 2013

Album Announce

NAT

Renowned for Sound

Wed 31 Jul, 2013

Album Announce

NAT

The Orange Press

Thu 1 Aug, 2013

Single Announce

NAT

Music Feeds

Thu 1 Aug, 2013

Album Announce

NAT

Moshtix

Thu 1 Aug, 2013

Album Announce

NAT

Cool Try

Thu 1 Aug, 2013

Album Announce

NAT

AuspOp

Thu 1 Aug, 2013

Album Mention

NAT

The Marshalltown

Fri 2 Aug, 2013

Album Announce

NAT

Seven/Seven Magazine

Fri 2 Aug, 2013

Album Announce

NAT NAT

Soot Magazine AMH Network

Mon 5 Aug, 2013

Album Announce Album Announce

http://themusic.com.au/news/all/2013/07/26/mantra-‐ reveals-‐album-‐release-‐details/ http://www.reverbstreetpress.com/online/news-‐mantra-‐ releases-‐new-‐single-‐and-‐ tours/?doing_wp_cron=1375103131.18238306045532226 56250 http://projectu.tv/news/2013/07/mantra-‐telling-‐scenes-‐ september-‐release http://projectu.tv/news/2013/07/mantra-‐telling-‐scenes-‐ september-‐release http://www.myamn.com.au/index.php/forum/5-‐music-‐ news/891-‐mantra-‐new-‐single-‐break-‐tradition-‐a-‐new-‐ album-‐release-‐for-‐sep-‐13th#891 http://www.stasheverything.com/news/mantra-‐ announces-‐new-‐album-‐telling-‐scenes-‐and-‐drops-‐new-‐ single-‐break-‐tradition/ http://aaabackstage.com/latest-‐news/4336-‐melbourne-‐ rapper-‐mantra-‐announces-‐new-‐single-‐and-‐album-‐ release.html http://parx-‐e.com/mantra-‐announces-‐new-‐single-‐and-‐ album-‐release/ http://www.tonedeaf.com.au/news/tournews/330153/ma ntra-‐announces-‐new-‐album-‐ahead-‐of-‐australian-‐tour-‐ 2013.htm http://renownedforsound.com/index.php/mantra-‐ announces-‐new-‐single-‐break-‐tradition-‐aus/ http://theorangepress.net/2013/08/mantra-‐break-‐ tradition-‐ft-‐cisco-‐tavares/ http://musicfeeds.com.au/news/mantras-‐new-‐single-‐ break-‐tradition-‐from-‐upcoming-‐album-‐telling-‐scenes/ http://www.moshtix.com.au/v2/news/musicnews/mantra s-‐new-‐single-‐break-‐tradition-‐from-‐upcoming-‐album-‐telling-‐ scenes/17656 http://cooltry.com.au/mantra-‐returns-‐with-‐a-‐new-‐single-‐ break-‐tradition-‐announces-‐new-‐album-‐for-‐release-‐ september-‐13th/ http://auspop.blogspot.com.au/2013/08/new-‐release-‐ schedule.html http://www.themarshalltown.com/zine/2013/08/02/listen-‐ mantras-‐new-‐single-‐break-‐tradition/ http://sevensevenmagazine.com/2013/08/02/new-‐music-‐ mantra-‐break-‐tradition/ via Social Twitter Mention http://amhnetwork.com/mantra-‐break-‐tradition/

REVIEW

LIVE REVIEW

PHOTOS

NAT

Music Feeds

Sat 10 Aug, 2013

NAT

The Dwarf

Sun 11 Aug, 2013

NAT

Reverb Online

Sun 11 Aug, 2013

NAT

Tone Deaf

Mon 12 Aug, 2013

NAT

The AU Review

Mon 12 Aug, 2013

NAT

Scene Magazine

Mon 12 Aug, 2013

NAT

Beat Magazine Online

Tue 13 Aug, 2013

NAT

Big Tix

Thu 15 Aug, 2013

NAT

Moshtix

Thu 15 Aug, 2013

NAT

All Aussie Hip Hop

Thu 15 Aug, 2013

NAT

STASHeverything

Thu 15 Aug, 2013

NAT

Renowned for Sound

Thu 15 Aug, 2013

NAT

A-‐muse Yourself

NAT

All Aussie Hip Hop

Thu 22 Aug, 2013

NAT NAT

The Dwarf Forte Magazine Online

Thu 29 Aug, 2013

NAT

APRA "What's Happening"

Fri 30 Aug, 2013

NAT

Oz Hip Hop

Wed 4 Sep, 2013

NAT

Everguide

NAT

Liveguide

NAT

Novanation

Wed 11 Sep, 2013

NAT

Sounds of Oz

Fri 13 Sep, 2013

NAT

ABC / Triple J

Fri 13 Sep, 2013

http://musicfeeds.com.au/news/mantra-‐announces-‐ headlining-‐australian-‐tour-‐dates-‐september-‐2/ http://thedwarf.com.au/news/16138/mantra-‐announces-‐ Album Tour Announce album-‐tour http://www.reverbstreetpress.com/online/news-‐mantra-‐ Album Tour Announce announces-‐album-‐tour/ http://www.tonedeaf.com.au/news/tournews/333158/to urs-‐coming-‐ soon.htm?utm_source=Tone+Deaf+Newsletter&utm_cam Album Tour Announce paign=c6fe59da00-‐ Tucker_Bag240&utm_medium=email&utm_term=0_b6f82 3df63-‐c6fe59da00-‐203778669 http://www.theaureview.com/news/mantra-‐to-‐tour-‐ Album Tour Announce australia-‐with-‐new-‐album Album Announce http://www.scenemagazine.com.au/?Itemid=155 http://www.beat.com.au/music/mantra-‐announces-‐album-‐ Album Announce tour Event Listing http://www.bigtix.com.au/category/428-‐mantra.aspx http://www.moshtix.com.au/v2/event/mantra-‐launches-‐ Event Listing telling-‐scenes-‐w-‐special-‐ guests/67426?&ref=RSS_AUSDJFORUMS http://allaussiehiphop.com/2013/08/15/mantra-‐telling-‐ Album Tour & Track by Track scenes-‐track-‐by-‐track/ http://www.stasheverything.com/event/mantra-‐ Album Tour Announce announces-‐national-‐album-‐launch-‐tour/ http://renownedforsound.com/index.php/mantra-‐ Album Tour Announce announce-‐national-‐album-‐tour-‐aus/ http://a-‐museyourself.com/mantra-‐releases-‐new-‐album-‐ Album Announce telling-‐scenes/ http://allaussiehiphop.com/2013/08/22/mantra-‐break-‐ Music Video & Pre-‐orders tradition-‐official-‐video/ Event Listing http://thedwarf.com.au/gig/mantra-‐evelyn-‐hotel Album Tour Announce http://fortemag.com.au/?p=8332 http://aprap.apra-‐amcos.com.au/vol-‐8-‐2013/whats-‐ Album Tour Announce happening-‐in-‐september-‐your-‐space-‐your-‐news-‐your-‐ views/ http://www.ozhiphop.com/forum/viewthread.php?tid=14 Album Tour Announce 4180 http://everguide.com.au/melbourne/event/2013-‐oct-‐ Event Listing 11/mantra/ http://www.liveguide.com.au/Events/888462/Mantra/Ma Event Listing ntra_Telling_Scenes_Launches http://www.novanation.com.au/event/mantra-‐launches-‐ Event Listing telling-‐scenes-‐w-‐special-‐guests_145618 http://www.soundsofoz.com/2013/09/13/mantra-‐tours-‐ Album Tour Announce telling-‐scenes/ Album Mention http://www.abc.net.au/triplej/musicnews/s3848182.htm Album Tour Announce

NAT

[V] Music

Mon 16 Sep, 2013

iTunes Charts

NAT

Noise11

Sat 21 Sep, 2013

Album Charts

NAT

AuspOp

Sat 21 Sep, 2013

Album Charts

NAT

TheMusic.com.au

Sat 21 Sep, 2013

Album Charts

NAT

All Aussie Hip Hop

Mon 23 Sep, 2013

Album Charts

NAT

Australian Musician Network

Wed 25 Sep, 2013

Album Charts

AREA

PUBLICATION

DATE

CONTENT

http://www.vmusic.com.au/pages/main-‐ menu/news/music-‐charts/itunes-‐top-‐40 http://www.noise11.com/news/aria-‐albums-‐keith-‐urban-‐ fuse-‐debuts-‐at-‐no-‐1-‐20130921 http://auspop.blogspot.com.au/2013/09/chart-‐ watch_21.html http://themusic.com.au/news/all/2013/09/21/aussie-‐ country-‐beats-‐swedish-‐edm-‐to-‐1/ http://allaussiehiphop.com/2013/09/23/mantra-‐telling-‐ scenes-‐debuts-‐at-‐1-‐on-‐air-‐independent-‐album-‐chats/ http://www.myamn.com.au/index.php/forum/5-‐music-‐ news/1033-‐mantra-‐telling-‐scenes-‐debuts-‐at-‐1-‐on-‐air-‐ independent-‐album-‐chart

DETAILS

REVIEW

LIVE REVIEW

ONLINE -‐ FEATURES NAT

Your Daily SPA

Fri 26 Jul, 2013

Email Newsletter Feature

NAT

TheMusic.com.au

Fri 2 Aug, 2013

Track by Track Feature

NAT

Your Daily SPA

Fri 2 Aug, 2013

Email Newsletter Feature

NAT

TheMusic.com.au

Fri 9 Aug, 2013

Track by Track Feature

NAT NAT

Your Daily SPA Tone Deaf

Fri 9 Aug, 2013 Mon 12 Aug, 2013

Email Newsletter Feature Email Newsletter Feature

NAT

The Orange Press

Tue 13 Aug, 2013

Feature Interview

NAT

TheMusic.com.au

Wed 21 Aug, 2013

Feature Interview, Album Review, Live Review

NAT

[V] Music

Wed 21 Aug, 2013

Music Video Premiere

NAT

TheMusic.com.au

Fri 23 Aug, 2013

Track by Track Feature

NAT

Your Daily SPA

Fri 23 Aug, 2013

Email Newsletter Feature

NAT

Australian Musician Network

Tue 27 Aug, 2013

Feature Interview

NAT

TheMusic.com.au

NAT

Your Daily SPA

NAT

TheMusic.com.au

Fri 6 Sep, 2013 Fri 6 Sep, 2013 Mon 9 Sep, 2013

Track by Track Feature Email Newsletter Feature Track by Track Feature

Album Reveal Pic and Blurb -‐ see Press Clipping http://themusic.com.au/news/all/2013/08/02/mantra-‐ calls-‐on-‐youth-‐to-‐end-‐the-‐perpetual-‐violent-‐bullshit/ Track By Track Pic and Blurb -‐ see Press Clipping http://themusic.com.au/news/all/2013/08/09/premiere-‐ mantra-‐suffered-‐for-‐his-‐art-‐on-‐new-‐grey-‐ghost-‐ collab/#.UgRldRulaKw.twitter Track By Track Pic and Blurb -‐ see Press Clipping Tour Announcement Pic and Blurb -‐ see Press Clipping Pitched Album Review -‐ declined http://themusic.com.au/revi http://themusic.com.au/interviews/all/2013/08/21/mantr ews/album/2013/09/11/man a/18908/ tra-‐telling-‐scenes-‐james-‐ dapice/ http://www.vmusic.com.au/pages/main-‐ menu/news/latest-‐news/video-‐premiere-‐mantra-‐break-‐ tradition http://themusic.com.au/news/all/2013/08/23/mantra-‐i-‐ just-‐wont-‐shut-‐the-‐fuck-‐up/ Track By Track Pic and Blurb -‐ see Press Clipping http://theorangepress.net/2013/08/interview-‐mantra/

http://www.myamn.com.au/index.php/artists/item/913-‐ mantra http://themusic.com.au/news/all/2013/09/06/mantra-‐ talks-‐a-‐bunch-‐of-‐nonsense-‐on-‐new-‐lp/ Track By Track Pic and Blurb -‐ see Press Clipping http://themusic.com.au/watch/video/2013/09/09/mantra-‐ as-‐the-‐sun-‐goes-‐down-‐behind-‐the-‐scenes/

Pitched Album Review -‐ declined

Pitched Live Review -‐ declined http://themusic.com.au/revi ews/reviews-‐ live/2013/10/17/mantra-‐ evelyn-‐hotel-‐aleksia-‐barron/

Confirmed a writer to review Melbourne show, but was unable to attend in the end.

PHOTOS

NAT

Space Ship News

Tue 10 Sep, 2013

Feature Interview, Gallery

http://www.spaceshipnews.com.au/interview-‐mantra/

NAT

Vulture Magazine

Tue 10 Sep, 2013

Feature Interview, Live Review

NAT

STASHeverything

NAT

Your Daily SPA

Wed 11 Sep, 2013

Email Newsletter Feature

http://vulturemagazine.com.au/vulture-‐chirps-‐with-‐ mantra/ Offered interview to Desh -‐ declined (already interviewed Rob previously) Album Review Mention -‐ see Press Clipping

NAT

Tone Deaf

Thu 12 Sep, 2013

Exclusive Album Stream. Album Review

http://www.tonedeaf.com.au/reviews/new-‐ music/342862/telling-‐scenes.htm

NAT

Tone Deaf

Thu 12 Sep, 2013

Email Newsletter Feature

NAT

TheMusic.com.au

Thu 12 Sep, 2013

Release Week Mention

Album Review Pic and Blurb -‐ see Press Clipping http://themusic.com.au/news/all/2013/09/12/this-‐weeks-‐ releases-‐130913/

Fri 13 Sep, 2013

Feature Interview, Album Review

Pitched Live Review -‐ declined

Pitched Album Review -‐ declined Pitched Album Review -‐ declined

http://vulturemagazine.com. au/mantra-‐the-‐evelyn/ Pitched Live Review -‐ declined

http://colosoul.com.au/colos Pitched Live Review -‐ oul_2.0/?p=20718 declined

Wordplay Magazine

NAT

Tone Deaf

Mon 16 Sep, 2013

NAT NAT NAT

X-‐Press Magazine Online Your Daily SPA Forte Magazine Online

Tue 17 Sep, 2013 Mon 23 Sep, 2013 Tue 24 Sep, 2013

NAT

Mandurah Mail Online

Tue 24 Sep, 2013

NAT

The Brag Online

Wed 25 Sep, 2013

NAT

TheMusic.com.au

Wed 25 Sep, 2013

NAT

Cool Try

Thu 26 Sep, 2013

Introduction Feature, Album http://cooltry.com.au/interview-‐mantra/ Review, Live Review

NAT

All Aussie Hip Hop

Fri 27 Sep, 2013

Online Radio Feature, Album http://allaussiehiphop.com/2013/09/27/aahh-‐radio-‐ episode-‐1-‐mantra/ Review

NAT

The Music QLD

Wed 2 Oct, 2013

Giveaway

Ultimate Boxset Giveaway via The Music QLD Facebook

NAT

Project U

Sat 12 Oct, 2013

Gallery

Pitched Interview to Nic -‐ declined

NAT

What Sound Melbourne

Wed 16 Oct, 2013

Feature Interview, Live Review, Gallery

http://www.whatsoundmelbourne.com/interview-‐minutes-‐Pitched Album Review -‐ mantra/ declined

NAT

The Music NSW

Wed 16 Oct, 2013

Giveaway

Ultimate Boxset Giveaway via The Music NSW Facebook

Thu 19 Sep, 2013

Feature Interview, Live Review, Gallery

The 59th Sound

NAT

Glam Adelaide

http://www.spaceshipnews.c om.au/photos-‐mantra-‐ mojos/

http://www.tonedeaf.com.a Pitched Live Review -‐ u/reviews/new-‐ declined (unable to find a music/342862/telling-‐ writer in time) scenes.htm

NAT

http://colosoul.com.au/colosoul_2.0/?p=20894

Pitched Album Review -‐ declined

http://www.tonedeaf.com.au/features/cookbook/344369 /mantra-‐3.htm Feature Interview http://dev.xpressmag.com.au/mantra/ Email Newsletter Feature Album Chart Mention -‐ see Press Clipping Feature Interview http://fortemag.com.au/?p=9250 http://www.mandurahmail.com.au/story/1797293/mantr Feature Interview a-‐mandurah-‐is-‐my-‐city/?cs=288 Feature Interview http://www.thebrag.com/content/mantra http://themusic.com.au/news/all/2013/09/25/indie-‐focus-‐ Indie Focus Feature Mention 250913/

Cookbook Feature Interview

http://cooltry.com.au/live-‐ http://cooltry.com.au/review-‐ review-‐mantra-‐the-‐great-‐ mantra-‐telling-‐scenes/ northern-‐newcastle/ http://allaussiehiphop.com/2 Pitched Live Review -‐ 013/09/23/review-‐mantra-‐ declined telling-‐scenes/ Pitched Album Review -‐ declined

http://www.the59thsound.com/mantra-‐19092013.html

Pitched Album Review -‐ declined

Pitched Interview to Gianni -‐ declined

Pitched Album Review -‐ declined

Pitched Live Review -‐ declined

http://projectu.tv/review/20 13/10/photos-‐mantra-‐evelyn-‐ melbourne

http://www.whatsoundmelb http://www.whatsoundmelb ourne.com/gig-‐review-‐ ourne.com/shots-‐mantra-‐the-‐ mantra-‐evelyn-‐october-‐11th/ evelyn/ http://www.the59thsound.co http://www.the59thsound.co m/mantra-‐-‐the-‐evelyn-‐hotel-‐ m/mantra-‐-‐the-‐evelyn-‐hotel-‐ melbourne-‐photos-‐ melbourne-‐11102013.html 11102013.html Pitched Live Review -‐ declined

NAT

http://www.theaureview.com/interviews/the-‐au-‐ interview-‐mantra-‐melbourne

The AU Review

Thu 3 Oct, 2013

Feature Interview, Gallery

NAT

The AU Review

Thu 3 Oct, 2013

Email Newsletter Feature

NAT

XXIV Magazine

NAT NAT

Beat Magazine Online Beat Magazine Online

Wed 9 Oct, 2013 Thu 10 Oct, 2013

Feature Interview Giveaway

NAT

Park Productions

Thu 17 Oct, 2013

Album Review, Live Review, Interview was requested by Giles, however he never Gallery responded to subsequent offer

NAT

Canberratimes.com.au

Fri 18 Oct, 2013

Album Review

NAT

The Dwarf

Fri 18 Oct, 2013

Live Review

http://www.parkproductions. https://www.facebook.com/ http://www.parkproductions. net/2013/10/mantra-‐grey-‐ media/set/?set=a.667252743 net/2013/10/mantra-‐telling-‐ ghost-‐live-‐review-‐tempo-‐ 309326.1073741826.201281 scenes-‐review/ hotel-‐brisbane/ 093239829&type=1 http://www.canberratimes.c om.au/entertainment/music/ mantra-‐telling-‐scenes-‐ 20131017-‐2vppo.html Pitched Album Review -‐ declined

Pitched Interview to Erin -‐ declined

http://www.watoday.com.au /entertainment/music/mantr a-‐telling-‐scenes-‐20131017-‐ 2vppo.html http://www.aphramag.com/ #!mantra-‐-‐-‐telling-‐scenes-‐ review/cfcy Pitched Album Review -‐ declined Pitched Album Review -‐ declined

Fri 18 Oct, 2013

Album Review

NAT

Aphra Magazine

Sun 20 Oct, 2013

Album Review

NAT

Reverb Online

Pitched interview to Kevin -‐ declined (unable to find a writer)

NAT

Groupie

Pitched Interview to Erin -‐ declined

NAT

Rip It Up SA

NAT

Sounds of Oz

Pitched Interview to Lauren -‐ declined

NAT

Pedestrian

Pitched Interview to Ash -‐ declined

NAT

Renowned for Sound

Pitched Interview to Brendon -‐ declined

NAT

Music Feeds

Pitched Interview to Tim -‐ declined (Mantra already did one not long ago)

NAT

Soul of Sydney

Pitched Interview to Editor -‐ no response

NAT

Blaire Magazine

NAT

Concrete Playground

Feature Interview

Pitched Live Review -‐ declined

Pitched Interview to Matt -‐ declined

WA Today

Wed 6 Nov, 2013

Pitched Album Review -‐ declined

http://www.beat.com.au/music/mantra-‐0 http://www.beat.com.au/freeshit/mantra

NAT

Giveaway

http://www.theaureview.co Confirmed a writer to review m/photos/mantra-‐grey-‐ghost-‐ Adelaide show, but she was prime-‐ed-‐castle-‐adelaide-‐26-‐ unable to attend in the end. 10-‐13

Interview Mention -‐ see Press Clipping Pitched Interview to Alex -‐ declined

Thu 31 Oct, 2013

Pitched Album Review -‐ declined

http://thedwarf.com.au/live_ review/17200/seth-‐sentry-‐_-‐ with-‐mantra-‐and-‐grey-‐ghost

Pitched Live Review -‐ declined Pitched Live Review -‐ declined

Ultimate Boxset Giveaway promoted via Rip It Up Facebook

6-‐page Feature Story -‐ see Press Clipping Pitched Interview to Hannah -‐ no response

Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined (unable to find a writer)

Pitched Live Review -‐ declined Pitched Live Review -‐ declined

Pitched Album Review -‐ declined Pitched Album Review -‐ declined

Pitched Live Review -‐ declined Pitched Live Review -‐ declined

Pitched Live Review -‐ declined

Pitched Interview to Nathan -‐ declined

Pitched Album Review -‐ declined

Feature Story -‐ URL pending

Album Review -‐ URL pending Live Review -‐ URL pendng

NAT

The Music Network

NAT

Mayhem Magazine

NAT

Faster Louder

Pitched Interview to Sarah -‐ declined

NAT

The Marshalltown

Pitched Interview to Billy -‐ declined (unable to find a writer)

NAT

All I Do Is Listen

Pitched Interview to Editor -‐ declined

NAT

Totem Brand

NAT

Scene Wave

Pitched Interview to Editor -‐ declined

NAT

AMH Network

Pitched Interview to Johno -‐ declined

NAT

Adam Not Eve

Pitched Interview to Aleksander -‐ declined

NAT

Soot Magazine

Pitched Interview to Angela -‐ declined

NAT

The Ripe

Pitched Interview to Editor -‐ declined

NAT

Live Music Adelaide

Pitched Interview to Editor -‐ declined

NAT

Raw Ink Magazine

Pitched Interview to Roxy -‐ declined

NAT

Collapse Board

Pitched Interview to Editor -‐ declined

NAT

Reviewed Music

Pitched Interview to Nils -‐ declined

NAT

The Blurb Magazine

Pitched Interview to Editor -‐ declined

NAT

AAA Backstage

Pitched Interview to Mat -‐ declined

NAT

Press Record

Pitched Interview to Tammy -‐ declined

NAT

Urban Channel

Pitched Interview to Rohan -‐ declined

NAT

Small Werld

Pitched Interview to Editor -‐ declined

NAT

The Enthusiast

Pitched Interview to Editor -‐ declined

NAT

Little Boom Music

Pitched Interview to Scot -‐ declined

NAT

This Sound Goes Around

Pitched Interview to Joel -‐ declined

Mon 18 Nov, 2013

December

Feature Interview, Album Review, Live Review

Feature Interview, Gallery

Feature Interview -‐ URL pending

Pitched Album Review -‐ declined Pitched Album Review -‐ declined (unable to find a writer) Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined

Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined Pitched Album Review -‐ declined

Pitched Live Review -‐ declined

Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined Pitched Live Review -‐ declined

NAT

Seven/Seven Magazine

Pitched Interview to Paige -‐ declined

NAT

Life Music Media

Pitched Interview to Stuart -‐ declined

Pitched Album Review -‐ declined Pitched Album Review -‐ declined

Pitched Live Review -‐ declined Pitched Live Review -‐ declined

AREA

STATION

AIR DATE

CONTENT

DETAILS

SPINS

PLAYLIST

COMPS

RADIO -‐ COMMERCIAL NAT

Triple J -‐ Home & Hosed

Tue 23 Jul, 2013

Airplay

NAT

Triple J -‐ The Hip Hop Show

Thu 25 Jul, 2013

Airplay

NAT NAT NAT NAT

Triple J -‐ Home & Hosed Triple J -‐ The Hip Hop Show Triple J -‐ 2013 with Richard Kingsmill Triple J -‐ The Hip Hop Show

AREA

STATION

Mon 12 Aug, 2013 Thu 5 Sep, 2013 Mon 8 Sep, 2013 Thu 10 Oct, 2013

Airplay Airplay Airplay On-‐air Interview, Airplay

AIR DATE

CONTENT

Break Tradition premiered on Home & Hosed with Dom Alessio Break Tradition aired on the Hip Hop Show with Hau Latukefu Break Tradition aired on Home & Hosed with Dom Alessio The Fear aired on the Hip Hop Show with Hau Latukefu Break Tradition aired on 2013 with Richard Kingsmill http://www.abc.net.au/triplej/hiphop

DETAILS

Break Tradition -‐ Spot Play

Serviced Album

Break Tradition -‐ Spot Play

Serviced Album

Break Tradition -‐ Spot Play The Fear -‐ Spot Play Break Tradition -‐ Spot Play Break Tradition -‐ Spot Play

Serviced Album

SPINS

Serviced Album

PLAYLIST

COMPS

RADIO -‐ COMMUNITY NSW VIC VIC

2bbb FM -‐ The Mix Up Show PBS 106.7 FM SYN FM 90.7 FM -‐ GET CEREAL Show

Wed 11 Sep, 2013

On-‐air Interview, Airplay

Mon 16 Sep, 2013

On-‐air Interview, Airplay

http://www.2bbb.net.au/ Pitched Interview to Chelsea -‐ declined http://www.syn.org.au/getcereal

NSW

FBi Radio 94.5 FM

Tue 17 Sep, 2013

On-‐air Interview, Airplay

Live-‐to-‐Air on The Drop with Joyride

VIC NSW VIC QLD QLD SA

Triple R 102.7 FM 2SER Radio K-‐Rock 95.5 FM 4ZZZ 102.1 FM RTR FM 92.1 Radio Adelaide 101.5 FM

Wed 9 Oct, 2013

On-‐air Interview, Airplay

On-‐air Interview on Test Pattern with Anita Alphabet Pitched Interview to Paris -‐ declined

AREA

NETWORK

Break Tradition -‐ Spot Play

Serviced Album Serviced Album Serviced Album

Break Tradition -‐ Spot Play Loudmouth, Break Tradition -‐ Spot Play Break Tradition -‐ Spot Play

Serviced Album Serviced Album Serviced Album Serviced Album Serviced Album Serviced Album Serviced Album

Pitched Interview to Aiden -‐ declined Pitched Interview to Ellen -‐ declined (full schedule) Pitched Interview to Peter -‐ declined Pitched Interview to Chris -‐ declined

AIR DATE

CONTENT

DETAILS

SPINS

PLAYLIST

COMPS

TV -‐ BROADCAST NAT

RAGE (ABC)

NAT

Channel [V] (Foxtel)

NAT

1700 (C31)

NAT

1700 (C31)

NAT

AREA

Sat 21 Sep, 2013 and Airplay Fri 27 Sep, 2013 Tue 8 Oct, 2013 Airplay Tue 1 Oct and Mon 7 Airplay Oct, 2013

Video added to Playlist -‐ see Press Clipping Video gained additional Spot Plays during the week

Break Tradition -‐ Spot Play

http://www.c31.org.au/schedule/view/episode/100218

Playlisted on Tue 1 Oct, 2013

Pitched interview to Lauren -‐ declined (full schedule)

The Riff (Channel [V])

OUTLET

Fri 4 Oct, 2013

LIVE DATE

In Studio Performance, Interview

CONTENT

http://theriff.vmusic.com.au/2013/10/04/coming-‐4th-‐ october-‐2013-‐mantra-‐interview/

DETAILS

TV -‐ ONLINE NAT NAT NAT

Playlisted on Fri 27 Sep, 2013

Beat TV Conversations From a Coffee House Noise11

Tue 15 Oct, 2013

In Studio Interview Feature Video Interview

http://www.beat.com.au/tv/mantra Feature Interview -‐ URL pending Pitched Interview to Paul -‐ declined

http://theriff.vmusic.com.au/ 2013/10/04/video-‐mantra-‐ performs-‐loudmouth/

SPINS

PLAYLIST

COMPS

M EDIA CO VERAGE - PRINT

11A Balmerino Avenue Toorak, VIC Australia 3142 | ABN 68 919 686 054 www.parisispatient.com.au - Commercial in Confidence

Classixx

CLASSIXX

lucky to be a part of it,” David shares,“We’re definitely privileged.” It will also be the Australian debut of their long awaited first album, Hanging Gardens. “It’s been pretty positive,” David says of the reaction to the album.“We didn’t have very many expectations, so positive responses have been very attering for us. I think that people who liked our Back in the day, two producer/ flprevious work have been responding to us – that’s DJs Michael David and Tyler Blake not been very surprising. But we’ve also picked up couldn’t catch a break.They resorted some new fans that are more prone to listening to albums.” to throwing parties outside a They’re stripping back their live basement in Echo Park, Los Angeles. performances, focusing on the fundamentals. “For most part it’s just Tyler and I on stage,” he explains. Lines extended around the corner. the “We’re trying to pull back some of the peripheral Blake was evicted. And Classixx elements, keep it sort of raw; we’re playing keyboard, was born. HAYLEY DAVIS finds out guitars and sequencing. The main takeaway is that trying to make the live experience an authentic how David is feeling before their we’re one.” upcoming trip down under. David and Blake met in middle school, with David heavily into Guns N’ Roses and New Age It might be said that the endurance of Classixx guitars while Blake was deep into west coast funk. and their musical production comes down to their They went their separate ways for awhile, Blake to the relationship. Berklee College Of Music and David on the road as a “We’d probably be making this music keyboardist with a band. They always stayed in touch, anyway even if people weren’t interested,” David sharing music online, before coming together again says. “Our friendship is very much based on our in Los Angeles and unleashing their unique, synthmusical sensibilities, so for people to enjoy the music disco sounds on their own tracks and those of others. we’re making, is pretty cool.” In terms of touring together, knowing Now the duo are a respected dance music each other since they were kids means few lines have act with their own hit tracks, I’ll Get You, Dominoes and been left uncrossed. “We know each other very well, Hanging Gardens as well as epic remixes for the likes probably about as well as two friends can; it’s almost of Groove Armada, Yacht, Major Lazer and Phoenix. like touring with family,’ David says. “We kind of can They are heading to Aus for the inaugural be completely ourselves, sometimes selfish and Listen Out parties across the country, which kicks off sometimes concerned for the other person.” later this month.“I find Australian audiences go crazy and are very expressive,” David states. The boys are excited to be a part of Listen » CLASSIXX Out, which organisers say is designed to fill a gap » SUNDAY, SEPTEMBER 29 @ LISTEN OUT, in the festival market for an intelligent, Australian » OZONE RESERVE dance music event. “We’re just really happy and feel

KEEPIN’ IT REAL

MANTRA

BREAKING TRADITION Melbourne hip hop lyricist Mantra facilitated an on-stage marriage proposal when he was last in Perth. Whilst his third studio album Telling Scenes is no mushy affair, it certainly is of a quality that will be long lasting. JO CAMPBELL has more. Mantra aka Rob Tremlett is chilling on a deck overlooking Byron Bay when we catch up on the phone. He’s just finishing off a 20-date national tour with his mates in hip hop arms, Seth Sentry and Grey Ghost. He’s relaxed and enthusiastic as we discuss the second single from the new LP, the darker follow up to first single Loudmouth, entitled Break Tradition. It’s a narrative-based track dealing with the cycle of violence inspired by Tremlett’s work as a music/youth mentor. The heavy nature of the lyrics is off-set by some soulful vocals provided by Cisco Tavares, who also collaborated with Tremlett on his first LP and was a member in their band, Illzilla. “I didn’t want it to be ‘the world is fucked, the world is doomed’,” says Tremlett of Break Tradition. “I wanted it to be kind of hopeful because as much as that pattern of repetitious behaviour is often instilled and perpetuated, I have seen it be broken. “The pattern of violence that’s kind of engrained and social acceptance of violent behaviour is something that I’ve always been disturbed by, but also been very aware of for a long time,” he explains. “The young people that I work with are often in really messed up situations and I see that on a weekly basis, that kind of behaviour that gets passed down from generation to generation, that comes from the parents or the family and gets instilled in the young person who perpetuates the same bullshit and lives out the exact same things that made them so hardened, aggressive and angry.” In terms of the LP at large, Tremlett says it hadn’t been a conscious decision to collab on the beats with multiple producers. “That was borne out of necessity, just because there were a bunch of producers I was working with and I liked their sound, plus I was never in a situation where I could lock down one producer and say, ‘right let’s make an album’.” Telling Scenes is more tightly packaged than his previous LP’s, less adlib with Tremlett taking the director’s role more seriously such as on vocal www.xpressmag.com.au

Mantra collaborations, which includes his work with Kylie Auldist on Baby Girl. “The vocal thing was cool this time because it was a bit more deliberate. I had written a lot of the songs, in the case of Break Tradition and a few others, where I pretty much knew what I wanted the guest vocalist to do and then could just go holler at vocalists that I liked listening to, and who I thought suited the song. “I’m always open to people coming with their ideas but I think on this album, I was more aware of what I wanted.”

» » » » »

MANTRA TELLING SCENES OUT NOW THROUGH TEN TO TWO RECORDS THURSDAY, SEPTEMBER 19 @ FLYRITE FRIDAY, SEPTEMBER 20 @ MOJOS 27

level of support that our listeners show us in actually putting their money where their mouth is and picking up the record.â&#x20AC;? When it comes to tracks on the album, Solo doesnâ&#x20AC;&#x2122;t like playing favourites. â&#x20AC;&#x153;It changes; itâ&#x20AC;&#x2122;s like asking a parent to pick a favourite child,â&#x20AC;? he explained. â&#x20AC;&#x153;You listen to every track for so long that you develop a kind of attachment to a lot of them. But I guess â&#x20AC;Ś It changes, but tracks like â&#x20AC;&#x2DC;Dead Star Shineâ&#x20AC;&#x2122; and â&#x20AC;&#x2DC;Down the Lineâ&#x20AC;&#x2122; are songs that Iâ&#x20AC;&#x2122;m particularly proud of â&#x20AC;&#x201C; and same with â&#x20AC;&#x2DC;Own Backyardâ&#x20AC;&#x2122;.â&#x20AC;?

the kind of things that Iâ&#x20AC;&#x2122;ve been thinking about. I just wanted to speak my peace. I guess that dimension has always been there to our records; weâ&#x20AC;&#x2122;ve always slipped in little lines here and there. Itâ&#x20AC;&#x2122;s just more obvious on this record.â&#x20AC;? WHEN&WHERE: Star Bar, Bendigo â&#x20AC;&#x201C; September 27; The Karova, Ballarat â&#x20AC;&#x201C; October 17; The Wool Exchange, Geelong â&#x20AC;&#x201C; October 18

MANTRA BY NATALIE ROGERS

Itâ&#x20AC;&#x2122;s a beautiful spring afternoon and youâ&#x20AC;&#x2122;re one of Australiaâ&#x20AC;&#x2122;s best and most respected rappers. What are you up to? â&#x20AC;&#x153;Pacing around my big empty house, taking little pot-shots at my indoor hoop between interviews,â&#x20AC;? Melbourne emcee Mantra replies with a cheekiness in his voice. Things start off light and fun as he talks about his recent time on the road with buddy Grey Ghost, supporting hip hop juggernaut Seth Sentry. â&#x20AC;&#x153;Itâ&#x20AC;&#x2122;s been Ă&#x20AC;DW RXW Âą WRWDOO\ EDOOV WR WKH ZDOO LQ WHUPV RI P\ OHYHO of activity, but everything is quite exciting. I donâ&#x20AC;&#x2122;t mind being a workaholic when the work is so fun, and getting ready for my album to drop has been keeping me really busy!â&#x20AC;? Mantra continued. But as the interview progresses his tone becomes a little more serious as he talks about making his latest record. â&#x20AC;&#x153;The process of this album was an interesting one. Making a record is always emotionally draining, for me at least, â&#x20AC;&#x2DC;cause I pour my heart and soul into it and there were a whole lot of obstacles and setbacks , HQFRXQWHUHG DORQJ WKH ZD\ :KHQ , ÂżUVW VWDUWHG , was putting a lot of pressure on myself to get it out quickly and keep the momentum going from my last release. Soon I realised I wasnâ&#x20AC;&#x2122;t happy, and there was a moment where I said â&#x20AC;&#x2DC;I canâ&#x20AC;&#x2122;t do this!â&#x20AC;&#x2122;â&#x20AC;? Help came in the form of a little sage advice from a couple of friends: â&#x20AC;&#x153;I hang out a lot with Grey Ghost and his wife Julia, who are two of my best friends and a constant source of inspiration to me. And we collaborate a lot as well. They both played quite a big

part in this record, particularly Julia. They basically just said to me, â&#x20AC;&#x2DC;dude youâ&#x20AC;&#x2122;re making yourself crazy! Youâ&#x20AC;&#x2122;re putting all this pressure on yourself. Just do want you want to do and take your time with itâ&#x20AC;&#x2122;. â&#x20AC;&#x153;Even though it was so simple and obvious, it was the best advice Iâ&#x20AC;&#x2122;ve ever received! As soon as they said that , LPPHGLDWHO\ IHOO WR WKH Ă&#x20AC;RRU DQG EUHDWKHG D PDVVLYH sigh of relief. I was overjoyed with a rush of creative liberty, and the direct result of that conversation was three tracks on the album, two of which have become WKH ÂżUVW WZR VLQJOHV Â´ The singles that Mantra is referring to is radio anthem â&#x20AC;&#x2DC;Loudmouthâ&#x20AC;&#x2122; and the thought-provoking â&#x20AC;&#x2DC;Break Traditionâ&#x20AC;&#x2122;, both standouts on an album full of insightful tales, aptly titled Telling Scenes, the third instalment of Mantraâ&#x20AC;&#x2122;s The Power of the Spoken Trilogy. His ability to bring his words to life with carefully crafted precision is a rare talent. â&#x20AC;&#x153;There are a few tracks on the album that are going to be a joy to play live, but one that really stands out is the one I played on the Loudmouth Single 7RXU HDUOLHU LQ WKH \HDU ,WÂśV D VRQJ FDOOHG Âľ4XLFNVLOYHUÂś Itâ&#x20AC;&#x2122;s something thatâ&#x20AC;&#x2122;s really fresh. Itâ&#x20AC;&#x2122;s an acoustic track DQG , ZDVQÂśW VXUH DW ÂżUVW KRZ LW ZRXOG EH UHFHLYHG EXW after the set other emcees approached me to say it was their favourite song.â&#x20AC;? You can hear those tracks and others on Telling Scenes (out now). WHEN&WHERE: The Evelyn, Melbourne â&#x20AC;&#x201C; October 11

NORTHEAST PARTY HOUSE BY NATALIE ROGERS

6PHOO WKDW" 6SULQJ LV QRZ RIÂżFLDOO\ LQ IXOO EORRP and with the arrival of warmer weather comes feelings of joyful anticipation for the upcoming IHVWLYDO VHDVRQ 2QH RI WKH ÂżUVW RQ WKH FDOHQGDU LV

a hard winter. Weâ&#x20AC;&#x2122;ve been stuck in the studio with QR RXWVLGH LQWHUDFWLRQ WU\LQJ WR ÂżQLVK WKH DOEXP 7KH GHDGOLQH IRU ÂżQLVKLQJ LV WKH EHJLQQLQJ RI 'HFHPEHU VR E\ WKH WLPH ZH SOD\ 4XHHQVFOLII ZHÂśOO KDYH PRUH VRQJV

Beats// Interviews

Today Australian hip hop is a huge commercial force. Iggy Azalea is a global pop star, 360 has appeared at Lollapalooza and Seth Sentry guested on Jimmy Kimmel Live!. But could Melbourne's erudite MC Mantra (AKA Robert Tremlett) - who, outside Australia, has only gigged in China - benefit from the inroads made by Iggy?

"It's awesome when any Australian hip hop artist is blowing up overseas, but I don't know if their success would have a roll-on effect to other Australian hip hop artists or not because they are so unique," says Tremlett from Byron Bay, where he's touring with Seth. In fact, Tremlett is uneasy with the very category of 'Australian rap'. "I've never considered myself 'an Australian hip hop artist'," he says. "I've only ever tried to consider myself 'a hip hop artist'." The "unique" Iggy, an expat, has copped flak for her Americanisms. "I started rhyming in an American accent, too, just because it felt way more comfortable for me," confides Tremlett, exposed to US rap growing up. "I was embarrassed by my accent. I felt like it didn't belong in a hip hop song." That changed by time the he came to the fore with the pioneering outfit Equills. Tremlett subsequently led the well-loved hip hop live band Illzilla. The MC went solo with 2010's Power Of The Spoken on Obese Records. Now aligned with Ten To Two, he deems his third album, Telling Scenes, already in the Australian Top 20, his most artistic foray - although it still contains "some bangers" like the lead single Loudmouth and input from boom-bap beatmakers such as Resin Dogs' Dave Atkins.

Mantra ) !"#$"%&'(

"I had a really clear idea of what I wanted to do initially with Telling Scenes," Tremlett reveals. He cut the title-track, with its emotive classical sample, early. "The rest of the record didn't end up sounding like that - [though] we got some traces of that on the album. But what it did do was just kickstart the whole writing process and get me thinking about every aspect of the songwriting - not just writing sick rhymes over beats, but really getting my hand dirty and sculpting a sound." Indeed, Tremlett worked with his friend Juleiaah (AKA Kisshead), who's been teaching him to sing and play piano. "I've been experimenting with a lot of different kinda styles of songwriting. I've been sitting at the piano and writing songs, which are just me playing piano and singing. Not many of these songs are making it onto my record but, just by doing that and practising

those things and getting better at those things, that's really helped my songwriting when I am doing pieces for my record." Cameo-ing on the album are ex-Demigodz rapper Louis Logic, soulstress Kylie Auldist, and cabaret performer Simone Page Jones. Tremlett will headline his own national tour through October. By the last date in Adelaide, he'll have been on the road for months - but the MC has learnt to pace himself. "I kinda got used to performing every week when I was younger and we'd just be able to smash the party after the show! We'd never sleep. It was just a constant party. I feel like it never really took that big a toll on my shows - but it's a different kettle of fish now. I'm very careful about taking care of myself and always try to eat right, get a lot of sleep and rest up - 'cause you get sick. As an MC, your voice is your livelihood so, as soon as that's gone, then you're screwed."

While Tremlett has been "cagey" about performing new tracks on tour with Seth, that won't be the case this time. "I'll be trying to get as much of the new material in there as possible," he assures. "That said, there's always gonna be heads at the shows who wanna hear the old shit - and there's songs that I'd pretty much get crucified [for] if I don't play... But I always like to do some one-off shit as well. I like to throw in some surprises maybe some freestyles or some exclusive bars or whatever. I like to keep it pretty fresh." WHO: Mantra WHAT: Telling Scenes (Ten To Two Records) WHERE: Ed Castle WHEN: Sat Oct 26

Dizzee Rascal The Pursuit Of Dizziness By Alasdair Duncan

few years ago, Dizzee Rascal’s single ‘Dance Wiv Me’ signalled a change in the cheeky UK rapper’s music, away from the grime sound of old into the direction of unabashed pop. His new album, The Fifth, sees him embrace the idea of pop even more. Packed with dancefl oorready beats, it’s his most joyous release to date. As he tells it, he wanted to make an album that would give his live show more punch. “The whole thing with this record is that it’s geared towards live audiences,” he explains. “The earlier stuff didn’t have a lot for the crowd to latch onto in terms of hooks and the rest of it, it was just me rapping away, so this time I really wanted to give people something. I challenged myself to bring those big hooks in and make it work.” On his newfound musical direction, Rascal has said that if his last record, Tongue N’ Cheek, represented him dipping a toe into the swimming pool of happiness, then The Fifth is him diving in and going for a few laps. He’s simply arrived at a point in life where he appreciates the benefi ts of happiness and positivity. “I want to see people smiling and jumping around and having the time of their lives at my shows,” he says. “I want music that facilitates that. I mean, the energy that it gives off, people

“I want to make people feel good. I want to make classics. I want people to put my music on when they have a celebration. That’s how I want to be remembered.”

might run around and have a fi ght to, but I want people to have a good time. I want to make people feel good. I want to make classics. I want people to put my music on when they have a celebration. That’s how I want to be remembered.” The Fifth was made in Los Angeles, and the atmosphere of the city – itself undergoing something of a hip hop resurgence at the moment – contributed greatly to the sound of the album. “I’ve been coming to LA for years,” Rascal explains. “It’s actually the first place I went when I came to America back in 2003, but I’ve never made music here before this album. It’s always been my favourite American city, even ahead of Miami. This time around, I decided to come out here and do the pop star thing – I worked with some big people in some big studios, and I just had a laugh. It’s funny to be waking up in hotels – every day is sunny, going to the studio all day… There are so many people here. You can go to a studio here and anyone can be next door. You’ll be walking the halls and bump into Tyga or Chris Brown.” Across a decade-long career Rascal has always determinedly produced his own material, but when making The Fifth he decided to try a new approach, entrusting production duties to his various collaborators so he could focus on songwriting instead. “I’d never done that kind of thing before, because I’d always done it myself from home. It was cool, though, because the calibre of producers and beatmakers I worked with was very high.” Pop heavyweight RedOne contributed, along with R&B star Jean Baptiste and many more. “The production side of me was still there, because I picked the beats, and I worked on the arrangements,” Rascal explains. “The way things fi t together on the album isn’t necessarily the way they fi t together when I was first presented with the beats. When you have to build a beat then write to it, your

thought process is different, so I liked that I started out working with smashing pop hooks for this one.” Dance and hip hop are changing and evolving all the time, and on that front Rascal considers it a part of his job to be always on top of the newest sounds and the freshest beats. “That’s especially true when it comes to hip hop,” he says. “My heart’s still there, it’s still the core of what I do, so I wake up every morning and look all over the internet for new shit, from the mainstream as well as the underground. That’s my main thing. I also listen to a lot of club music – it’s not necessarily my main thing, but I hear a lot of it about, and I’m always curious about why and how people respond to different beats. I was in Ibiza and went to the clubs there and had an eye-opening experience there. It’s not necessarily what I’m into, but it’s not always about what I’m into, it’s about fi nding out what stimulates people, and then trying to fi nd a balance, putting that into my own music.” Rascal puts on a very energetic live show, constantly bouncing from left to right around the stage, and The Fifth will only add more energy to the performance. “I defi nitely give it my all in the show,” he laughs. “My knees are fucked afterwards! I feel super hyped after I come off. I put everything into the show, but I always fi nd that if you give everything, you’ll get it back. There’s nothing worse than seeing a lazy rapper. Live performance is the most important part of this whole thing for me – when people come to see me, they want to see the music come to life, they want to have the full experience, and it’s very important for me to give them that.” What: The Fifth out Friday September 27 through Dirtee Stank/Liberator Music

Mantra Simple Words By Krissi Weiss

As with his previous releases, Tremlett has chosen to be forthright and honest in his lyrics and subject matter on this album, though not beyond reason. “I think for the most part the things that I write about are the things I’m generally comfortable with people hearing and discussing. If you’re putting something in a song you’re basically putting it up for public discussion. If there’s something I’m totally not comfortable with I won’t put it on a record. Some of the biggest obstacles and emotional issues I’ve dealt with in my life I’ve come to terms with a lot more after writing songs about them. There have been a few massive heartbreaks and tragedies that have become easier to think about.”

here’s no use pretending that rap is still a niche genre in this country. The Australian music industry is bursting at the seams with men and (not enough) women clambering over each other to spit rhymes in some sort of time. Genre saturation can be creative suicide but luckily for all involved, the hip hop scene in our fair land has stayed afloat by its safety in numbers. Talent has always been there, skill has definitely grown, but mateship and collaboration – that’s the key ingredient that has pushed Aussie hip hop beyond the hilltops and into the stratosphere. thebrag.com

Mantra (Rob Tremlett, according to his passport) has finally revealed album number three, Telling Scenes, and has a whole new setlist to go with it for the album launch tour. “I’ve been pretty cagey about it all,” Tremlett says of the shows he played immediately before Telling Scenes dropped. “[I was] doing the two singles and dropping little bits of other tracks, like a verse of one and a chorus of another dropped in … keeping it close to my chest until the big album tour.” As is Tremlett’s MO, the record includes a slew of guests, from Grey Ghost to old sparring

partner Tom Thum. Tremlett has always enjoyed collaborative creation but what stands out with this album is its musicality. “I started getting some vocal lessons, mainly to strengthen my voice and take care of it on the road and nail my tunes each and every night,” he says. “That then led to trying more out with singing and I got to learn some piano and it got to solidify some of the music theory I’d learned back in the days, as well as giving me that really strong foundation to build on. It really affected my writing and my music in a cool way. The more I think about it now though, I probably did need to do it.”

Though Tremlett continues that emotional purging, he explains the catalyst for each song can always come back and take him by emotional surprise. “You’ve poured your heart out but after rehearsing and performing a song night after night it makes it a bit strange,” he says. “I have a song I wrote, ‘For You’, about my friend who was murdered and I’d written the song a few years ago now, and I’d recorded before and performed it – I decided to record it again in its final incarnation. I laid it down in the studio and then just this one time listening to it in the studio that was suddenly a trigger for me to have to leave the room for a minute and go and cry my eyes out in the bathroom. It’s like I hadn’t properly thought about what it was for so long – it had become just a song – so shit never really goes away, but you do become desensitised. And there’s no better place to do that than in music.” What: Telling Scenes out now through Ten To Two Records Where: Great Northern, Newcastle / Annandale Hotel, Sydney / Beachcomber, Toukley When: Thursday October 3 / Friday October 4 / Saturday October 5 BRAG :: 531 :: 23:09:11 :: 37

REPEAT AFTER ME Mantra’s Telling Scenes found Rob Tremlett digging deeper than ever. And, as the Melbourne MC tells Matt O’Neill, getting piano lessons.

“T

o be honest, it wasn’t really a conscious decision... I actually made the decision to start learning to sing a couple of years ago. It was after the release of my last album [2011’s Speaking Volumes],” Tremlett reflects on what eventually led him to piano lessons. “It was just about strengthening up my vocal performance as a rapper... But, while I was doing it, my teacher started teaching me piano. So, I was learning chords, melodies and the actual structure of music, which is not something I’d looked at since I was a kid. Learning about that stuff in the context of what I’m doing now was a big help.”

Telling Scenes isn’t just another album for Rob Tremlett. His third solo outing as Mantra, it finds him getting ambitious. “Lyrically, I did a few things that I’d never really done before. I address a lot of personal issues on this album that I’ve never touched on in a song before. I don’t want to use the term ‘soul searching’ – but I guess I just did,” he quips.

In discussing the album’s initial direction, he talks of minimalism and cathedrals: “It was way darker than the final album ended up being... I was working with a few vocalists and we were writing these almost choir-

style vocals and basing a lot of the songs around that. Basically, I saw a big, Gregorian church.

“And that’s where I was spitting my raps. I was taking it back to the abbey. I was the fucking monk, y’know what I mean,” Tremlett jokes. “A lot of those early ideas managed to get onto the album in some way, but I think I just wasn’t in that dark, brooding place. There’s a few lighter tracks, there’s a few hardcore banging tracks. There’s both sides.”

There’s genuine darkness and struggle to Mantra’s narrative. One of his closest friends was murdered at the outset of Tremlett’s career. More pragmatically, his early albums have a far broader stylistic palette. “I’m still really proud of everything I did on those first two albums. When I listen to my first solo album, I kind of go, ‘Wow, I don’t write like that anymore’. Sometimes, I look back and go, ‘Wow, I wish I could think like that again’,” he reflects. “It was much more dreamy, much more abstract. A little bit cryptic. That was just the starting point, but it’s gotten me to the point where I’m at now – which is much more of a complete artist. I feel like I’ve honed it. I’m a much better songwriter now.”

Tremlett still maintains that nationalistic sense of larrikinism (see: recent single Loudmouth) but there’s always something going on beneath the surface. “I’m quite adamantly not a religious person... But I feel like I definitely consider myself a spiritual person in that I know what my soul needs to be happy and content. Can’t always get it, but I know what it is [laughs]... I think the spiritual connotations of the albums are often simply a product of me thinking about the world and my place within it.” WHAT: Telling Scenes (Ten To Two Records) WHEN & WHERE: 11 Oct, Evelyn Hotel

music

album review

MANTRA

Ten To Two

Telling Scenes

To speak of a hungry MC doesn’t get to the heart of it. Hunger is about desire: I want food. Hunger is not starvation: I need food. So to describe Mantra as hungry is to miss the point. He doesn’t want to rap. He must rap. You can hear it in the ferocity of his rapid-fire delivery. You can feel it in the way he squeezes everything he can from a rhyme scheme before moving on to the next one. You can sense it in the mini-melodies that punctuate his raps. Mantra had to make Telling Scenes this way. He had no other option. Learn Your Language is a case in point. “Ya ya ya ya ya ya ya,” and then – bang! We find ourselves in Mantra’s world of words bouncing and boombapping along. It serves as the album’s mission statement: we are here to talk about talking. The Fear has a stunning moment a little after the two-minute mark where Mantra’s melodic command roams free before

★★★½ segueing back to the hypnotic hook. Break Tradition deserves its reputation as a call to arms for all white ribbon wearers. Perfect Crime is striking and powerful; comfortably the album’s best. Problems? The skits detract from the album a little more with each listen. After all, a good joke gets boring faster than a good song; an average joke, faster still – a minor quibble. Telling Scenes is a compelling achievement. It’s the album Mantra had to give us. James d’Apice

A on H th di at es co th re so se ga

B co Te be he di he th be an

P ho fo fa sh w

live reviews to an end, most in the audience give Swinscoe and his colleagues a well-deserved standing ovation. A killer start to Melbourne Festival and the many delights that are sure to come our way in the next couple of weeks. Guido Farnell

MANTRA, L FRESH THE LION Evelyn Hotel 11 Oct

There’s a solid crowd assembled for L Fresh The LION’s warmup set at Evelyn Hotel on Friday night. The up-and-coming MC and support act du jour (seriously, he’s everywhere) is putting on a good show, but an unusually husky quality in his voice and a little less energy than normal suggest that he may have fallen prey to one of the many

the direction of DJ Flagrant’s face – with interesting results. “Someone doesn’t know how to spell ‘clitoris’,” says Mantra, peering at an early arrival with concern. The freestyle set, once it gets going, is an absolute hit – topics covered in verse include Heisenberg, unicorns, Australian hip hop and RIP Hunter. ( Jousting, tonsils and fart were all unlucky and didn’t make the cut.) The second part of the set features a few special guest appearances but, rather than inviting other MCs on stage to join him, Mantra performs alongside a few vocalists featured on his new record. Soul songstress Kylie Auldist joins him to perform Baby Girl, while Simone Page Jones dazzles when she lets her voice fly on the down-tempo track Quicksilver. Hits like Loudmouth and Voodoo Music keep the crowd bouncing before the set ostensibly closes with As The Sun Goes Down. The

THE BUTTERFLY EFFECT @ THE ESPY. PIC: MATT ALLAN

Melbourne bugs going around. It doesn’t stop him rocking out to his radio earworm One though. DJ Flagrant steps up to keep the crowd entertained with a mini-set of Aussie hip hop classics. The crowd lap it up, but they really find their voice when Mantra jumps up on stage. Backed by Flagrant and percussionist Neda Rahmani, he launches into Learn Your Language, a track from his new album Telling Scenes. The early part of the set balances new material with older classics such as Who The Fuck Is Mantra and I Hereby Stand. Then, it’s stunt time! Earlier in the day, Mantra put a request on Facebook for fans to bring paper planes with a word written on them to the gig, together with the promise that he’d freestyle about the words during his set. So, naturally, during Paper Planes, he requests that the plantderived projectiles be thrown in 54 • THE MUSIC • 16TH OCTOBER 2013

on his neck as he emphatically wails into the mic. The quintet work through the sonic peaks and troughs of their densely layered tunes, alternating between moments of quietude and roaring intensity. Closing their set with the soaring Raptor, the boys exit the stage to make way for the second support act. Sleep Parade up the energy levels from the first strum of frontman Leigh Davies’ guitar. To describe these guys as impassioned would be an understatement; both Davies and drummer Dan Teng grimace with every plucked string and pounded skin. Not one to hold back on guitarhero antics, Davies whizzes back and forth with his axe, even aping Hendrix, using his guitar pickup as a microphone. Dancing With The Enemy is a heartfelt standout, delivered with pulsing beat and ample gusto.

THE BUTTERFLY EFFECT @ THE ESPY. PIC: MATT ALLAN

audience demands an encore though, shouting “MAN-TRA! *clap clap clap*” like they’re at a footy match. Mantra obliges with a finale performance of his showstopper The Freak Show, which leaves the punters satisfied, if not entirely sated – they really can’t get enough. Aleksia Barron

THE BUTTERFLY EFFECT, SLEEP PARADE, TEAL The Espy 11 Oct

While punters make their way into The Espy’s narrow, shabby chic Gershwin Room, Sydney lads Teal are hard at work trying to win over a crowd that has one band firmly on their minds. Vocalist Joe Surgey contorts about the stage, working the veins

ke la w G at br ni

A ab C in so ul or

Ó A

To IA pe

THE BUTTERFLY EFFECT PIC: MATT AL

By now the ratio of bottle blondes is on par with that of black-tee sporting tradies, both parties squeezing into the rectangular room and shuffling forward for prime position. This is to be the first visit to Melbourne for this new incarnation of The Butterfly Effect, featuring Paul Gallagher on the mic. Easing into their set with Filling Silence, Gallagher is flanked by guitarist Kurt Goedhart and bassist Glenn Esmond, both heavier set and shaven skulled, looking more security guards than bandmates. Gallagher sways languidly to the mid-tempo beat, hair in face and eyes shut as he attempts to do the song justice. Phoenix drops the clutch and the audience lights up, Gallagher’s voice tackling this track more easily than the last. Window And The Watcher continues the string of crowd favourites from their back catalogue, A Slow Descent, with its recognisably frantic guitarline

Fo T w ar ni th th

A an sp m ca sy ta of du th us tir th H th us pl H sin re au

wednesday october 2 inside:

mantra

miguel campbell news tours club snaps + more

DUBFIRE

mantra wo rd s / k r is s i we i s s

Rob Tremlett aka Mantra barely had time to wash his socks after a massive tour with Seth Sentry when his own album launch tour began. Album number three (and the first away from the Obese label) Telling Scenes has arrived and in typical Mantra style it’s heartfelt, achingly honest and full of the collaborative style he’s so known for. “We’ve done our first shows for the album tour and we’re excited to be rocking the new tracks now,” Tremlett says. “It was awesome playing in WA because the album had only been out for a week and, ya know, every song that we played people knew all the words. That’s very encouraging for me because I don’t think my lyrics are particularly easy to learn so that means people must be giving it a pretty damn good listen.” Despite being a self-professed class clown, Mantra’s humble and almost self-deprecating view of himself as an artist is worlds away from the hip hop bravado stereotype. “I can never really believe that anyone at all wants to listen to my music so for me, it’s still amazing when that happens,” he says. “To think that people are actually waiting for the album is just amazing. We did a bunch of pre-order packages that were like a box set with vinyl and a lyric book and stuff and the response to that was great. A bunch of them sold out a week in advance before the album was even released; I couldn’t believe the love I was getting and I couldn’t believe that people wanted those physical things.” Tremlett has always enjoyed collaborative creation but what stands out with his forthcoming album is its musicality. It’s just plain better. “I started getting some vocal lessons mainly to strengthen my voice and take care of it on the road and nail my tunes each and every night,” he says. “That then lead to trying more out with singing and I got to learn some piano and it got to solidify some of the music theory I’d learned back in the days as well as giving me that really strong foundation to build on. It really affected my writing and my music in a cool way. The more I think about it now though; I probably did need to do it.” As with his previous releases, Tremlett has chosen to be painstakingly honest in his lyrics and subject matter on this album. “I think for the most part the things that I write about are the things I’m generally comfortable with people hearing and discussing,” he says. “If you’re

putting something in a song you’re basically putting it up for public discussion. If there’s something I’m totally not comfortable with I won’t put it on a record. Some of the biggest obstacles and emotional issues I’ve dealt with in my life I’ve come to terms with a lot more after writing songs about them,” he continues. “There have been a few massive heartbreaks and tragedies that have become easier to think about.” He’s continued that emotional purging but explains that the catalyst for each song can always come back and take him by emotional surprise. “You’ve poured your heart out but after rehearsing and performing a song night after night it makes it a bit strange,” he says. “I have a song I wrote, For You, about my friend who was murdered and I’d written the song a few years ago now and I’d recorded before and performed it – I decided to record it again in its final incarnation. I laid it down in the studio and then just this one time listening to it in the studio that was suddenly a trigger for me to have to leave the room for a minute and go and cry my eyes out in the bathroom. It’s like I hadn’t properly thought about what it was for so long – it had become just a song – so shit never really goes away but you do become desensitized. And there’s no better place to do that than in music.” WA audiences did get to enjoy Grey Ghost and Mantra share the stage for a few tracks but as the tour rolls on, the album’s collaborative nature is going to come to life even more. “We’ve only done two shows, they’ve both been in WA and unfortunately none of my collaborators were there,” he says. “I did have Grey Ghost at the show so we got to play a couple tracks together. I haven’t been able to bring to life the collabs that I did on the album just yet but I’m definitely looking forward to a bunch of those artists coming up on stage during the upcoming shows. I’m not saying who’s gonna be there specifically but there’s a lot to look forward to.”

Mantra will hit The Evelyn on Friday October 11. Telling Scenes is out now through Ten To Two Records. facebook.com/mantrahiphop

REPEAT AFTER ME

music

Mantra’s Telling Scenes found Rob Tremlett digging deeper than ever. And, as the Melbourne MC tells Matt O’Neill, getting piano lessons.

“T

o be honest, it wasn’t really a conscious decision. In terms of my own musical knowledge and stuff. I actually made the decision to start learning to sing a couple of years ago. It was after the release of my last album [2011’s Speaking Volumes],” says Tremlett, explaining what led him to get piano lessons. “There was stuff I’d never tried before on that album.”

“It was just about strengthening up my vocal performance as a rapper... But, while I was doing it, my teacher started teaching me piano. So, I was learning chords, melodies and the actual structure of music. Which is not something I’d looked at since I was a kid,” he impresses. “Learning about that stuff in the context of what I’m doing now was a big help.”

Telling Scenes isn’t just another album for Rob Tremlett. His third solo outing as Mantra, Telling Scenes finds the respected rapper getting ambitious. It’s taken him nearly two years to really tease it out. As a musician, he’s taken a more hands-on role in writing and production. As a lyricist, he’s digging deeper than ever. “Lyrically, I did a few things that I’d never really done before. I address a lot of personal issues on this album that I’ve never touched on in a song before. I don’t want to use the term ‘soul searching’ – but I guess I just did,” he quips. “I think I personally became a bit more reflective over the time I worked on this album.”

It’s gone through a couple of incarnations. Initially, Tremlett was reaching for something far more obscure. In discussing the album’s initial direction, he talks of minimalism and cathedrals. Mantra’s third studio album was intended to be a vast, cavernous recording. The eventual product didn’t turn out like that. “It was way darker than the final album ended up being. I wanted it to be really dark, I wanted it to be really minimal. I was working with a few vocalists and we were writing these almost choirstyle vocals and basing a lot of the songs around that. Basically, I saw a big, Gregorian church.

I just wasn’t in that dark, brooding place. There’s a few lighter tracks, there’s a few hardcore banging tracks. There’s both sides.” Tremlett’s work as Mantra has always had a pronounced difference from that of his peers. For one thing, there’s genuine darkness and struggle to Mantra’s narrative. One of his closest friends was murdered at the outset

abstract. A little bit cryptic. But, that was just the starting point. But it’s gotten me to the point where I’m at now – which is much more of a complete artist. I feel like I’ve honed it. I’m a much better songwriter now. Those early records hold a very special place in my heart but I think I’ve been able to take their strengths and really build on them with this album.”

Most poignantly, Mantra’s work has always been shot through with a sense of spirituality. Tremlett’s chosen alias alone is a hint of the greater depths at play within some of his work. He still maintains that nationalistic sense of larrikinism (see: recent single Loudmouth) but there’s always something going on beneath the surface.

“I WAS TAKING IT BACK TO THE ABBEY. I WAS THE FUCKING MONK, Y’KNOW WHAT I MEAN.” of Tremlett’s career. More pragmatically, his early albums have a far broader stylistic palette than found on those of his contemporaries.

“I’m still really proud of everything I did on those first two albums. When I listen to my first solo album, I kind of go, ‘Wow, I don’t write like that anymore’. Sometimes, I look back and go, ‘Wow, I wish I could think like that again’,” he reflects. “It was much more dreamy, much more

“I’m certainly not a religious person. In fact, I’m quite adamantly not a religious person... But I’m totally accepting of all forms of spirituality and I really value the sense of spirit. The idea of the spirit and spirituality. I feel like I definitely consider myself a spiritual person in that I know what my soul needs to be happy and content. “Can’t always get it, but I know what it is,” the MC says with a laugh. “It’s certainly not a thing I rigidly stick to or whatever, though. I think the spiritual connotations of the albums are often simply a product of me thinking about the world and my place within it.” WHAT: Telling Scenes (Ten To Two Records) WHEN & WHERE: 3 Oct, Great Northern Hotel, Newcastle; 4 Oct, The Annandale; 5 Beachcomber Hotel, Toukley THE MUSIC • 2ND OCTOBER 2013 • 49

0XVLF

PREACHING THE MESSAGE MANTRA IS A BUSY MAN. HE’S CURRENTLY SUPPORTING SETH SENTRY ON TOUR, TRAVELLING THE LENGTH AND BREADTH OF THE LAND, AS THEY HIT UP PREDOMINATELY REGIONAL AREAS, ORGANIZING AND PUTTING THE FINISHING TOUCHES ON HIS OWN TOUR WHICH STARTS AT THE END OF SETH’S, FLYING BACK AND FORTH TO MELBOURNE EACH WEEK FOR HIS TEACHING AND MENTORING PROGRAMS, AS WELL AS GETTING A VIDEO FOR HIS NEW SINGLE SORTED AND PREPARING FOR THE RELEASE OF HIS NEW ALBUM. When I caught up with Mantra, he was actually planning on taking a few hours off in the afternoon to head to the beach and enjoy the stop they were on – the beautiful Byron Bay on the north coast of NSW. Mantra had supported Seth the previous evening at the Great Northern Hotel. “It’s all going good. I’m working my nuts off at the moment. I’m so busy, it’s awesome. I was so caught up with emails and phone calls to booking agents, I barely even looked out the window on the drive here,” Mantra said. “Which was a shame because this place is kinda geographically perfect, and the weather is awesome.” The current tour with Seth and Grey Ghost will be taking Mantra all over the place, from far northern Queensland, through regional NSW and all over Victoria, before 3 dates in Tasmania, then heading over to WA. At the end of that, Mantra is heading out on the road, with Grey Ghost in support, to do his own thing – an album launch tour mainly hitting up the bigger cities, which should keep him out of trouble until the end of October at least. Not that Mantra would even have time to get himself into trouble with his current schedule. He spends a few days on the road touring, and then flies back to Melbourne for 2 days a week to continue his work with children.

“I do some teaching, working with kids, doing hip hop writing workshops, and I also do some mentoring. I work with the Juvenile Justice Centre as part of a mentoring program they have,” Mantra reveals. Mantra’s new album, Telling Scenes is due out mid September. It’s been a labour of love, being over one and a half years in its creation. “I took my time with this album. The last one was quite quick; I found I could really smash it out. This time I was far more comfortable taking my time. I probably could have done this one a bit quicker, but I didn’t want to rush it. I wanted to get it right,” Mantra said. And this will be Mantra’s first album with new record label, Ten To Two Records. “They’re a relatively new record label, the same team that manage Seth Sentry and Grey Ghost. They’re a rad team, we’d been in touch for a while, and I’d been on their radar. They came to me to say they wanted to work with me, which ironically was at the same time I was looking for a new label for the new album. It was pretty exciting the way it all worked out,” Mantra shared. “And the album is actually due out on Friday September 13 – Black Friday. We didn’t

specifically plan for that, but I’m pretty happy with the outcome.” The third single from Mantra’s upcoming album has also just dropped – ‘Break Tradition’. “The new single has just been released on iTunes, and the video is on its way. The video was very important to me, and I’m fine tuning it, trying to get it just right.” Also featuring in the background on this single are a select members of a group known as MASSIVE Hip Hop Choir. Australia’s first hip hop choir, MASSIVE is made up of around 14 young performers from Melbourne, sporting a wide range of cultural identities. “At first we were thinking of using a school choir for what we were after. It didn’t work out, and got too hard to organize. It was an easy choice to go with Massive, they are awesome. These are peeps I really want to see do well. We used a select group of female vocalists from the group, to get the choir part we were after.’ Mantra said. For three dates in September, Tasmania will be playing host to three of the best hip hop artists the country has on offer, as Seth Sentry’s Vacation Tour hits up Devonport, Launceston and Hobart, bringing Mantra and Grey Ghost along for the ride. Opportunities like this don’t come along very often, with three dates and three venues to chose from, you have no excuse for missing out. Get yourself along for a night of fantastic music, and have a listen to Aussie hip hop at its finest. KYLIE COX

MANTRA WILL BE SUPPORTING SETH SENTRY, BEGINNING AT SPURS IN DEVONPORT ON THURSDAY SEPTEMBER 12, BEFORE TRAVELLING TO LAUNCESTON FOR A FRIDAY NIGHT SHOW AT ALCHEMY AND THEN SATURDAY NIGHT AT SOHO HOTEL, HOBART.

ZZZ IDFHERRN FRP ZDUS PDJ

album review

MANTRA

Ten To Two

Telling Scenes

A on H th di at es co th re so se ga

B co Te be he di he th be an

P ho fo fa sh w

music

REPEAT AFTER ME Mantra’s Telling Scenes found Rob Tremlett digging deeper than ever. And, as the Melbourne MC tells Matt O’Neill, getting piano lessons.

“T

“I’m certainly not a religious person. In fact, I’m quite adamantly not a religious person... But I’m totally accepting of all forms of spirituality and I really value the sense of spirit. The idea of the spirit and spirituality. I feel like I definitely consider myself a spiritual person in that I know what my soul needs to be happy and content. “Can’t always get it, but I know what it is,” the MC says with a laugh. “It’s certainly not a thing I rigidly stick to or whatever, though. I think the spiritual connotations of the albums are often simply a product of me thinking about the world and my place within it.” WHAT: Telling Scenes (Ten To Two Records) WHEN & WHERE: 17 Oct, The Tempo Hotel, Fortitude Valley; 19 Oct, Solbar, Maroochydore

album review

MANTRA

Ten To Two

Telling Scenes

A on H th di at es co th re so se ga

B co Te be he di he th be an

P ho fo fa sh w

HOT TALK For all the latest news check out beat.com.au

THE BIGGEST IN INTERNATIONAL & NATIONAL NEWS

THE PRICE IS RIGHT

MANTRA Mantra has just dropped his third studio album Telling Scenes. Telling Scenes is an album in the most creative sense: not just a collection of songs, but an experience that takes its listener on a journey. We have a commemorative box set including Telling Scenes CD, Telling Scenes double 12” vinyl with gatefold sleeve, 42 page hard cover lyric book (all three albums), t-shirt and keyring to give away.

THE APE The Ape are embarking their first east coast tour. Comprised of Raul Sanchez, Pat Bourke, Gus Agars and the mighty Tex Perkins, The Ape have just released their self-titled debut album. They launch it at Ding Dong on Friday October 11. We have some double passes to give away.

GURRUMUL Multi-ARIA award-winning Indigenous artist Gurrumul presents an unparalleled musical event – a spellbinding account of his unique life, voiced through song, film and the storytelling of his people. Declared Australia’s most important voice by Rolling Stone, this blind-

0< 1(:6

0< &/,33,1*6

0< &200(176

0< +,6725<

6,*1 83

/2* ,1

/($51 025(

&RXOGQ W ORDG SOXJ LQ

0RYLHV

0XVLF

79 5DGLR

%R[ 6HDW

<RX DUH KHUH +RPH (QWHUWDLQPHQW 0XVLF

$UWV

*RRG )RRG

%RRNV

6RFLDO 3KRWRV

(YHQWV 6HDUFK KHUH

$UWLFOH

0DQWUD 7HOOLQJ 6FHQHV 5HDG ODWHU

2FWREHU -DPHV %DOGZLQ (UURU (PDLO DUWLFOH

6KDUH

3LQ ,W

VXEPLW WR UHGGLW

3ULQW

$GV E\ *RRJOH

3DOP &RXUW 0RWRU ,QQ &%' ZZZ SDOPFRXUWPRWRULQQ FRP DX &OHDQ VWDU TXHHQ PRWHO URRPV %RRN +HUH ,QFOXGHV IUHH :LIL

$OEXP 5HYLHZ 0$175$ 7HOOLQJ 6FHQHV 7HQ WR 7ZR 5HFRUGV

4XLFNVLOYHU SXVKHV ERXQGDULHV QR TXHVWLRQ ,W 0DQWUD 7HOOLQJ 6FHQHV IHDWXUHV D PDQGROLQ DQG RSHUD VW\OH YRFDOV IURP 6LPRQH 3DJH -RQHV 0DQWUD VLQJV DQG WKHUH V QR EDQJLQJ EHDW DQG QR '- KROGLQJ LW GRZQ 7KLV LV R] KLS KRS EXW QRW DV \RX NQRZ LW

(QWHUWDLQPHQW

6HDUFK

Albany Advertiser

Thursday, September 26, 2013

Boyup Brook beckons artists It’s the last chance for budding country musicians to enter the Boyup Brook Country Music Festival, with entries to close on Monday. The premier event attracts

amateur and professional performers, and audiences from across the globe. Entry forms are available at www.countrymusicwa.com.au or by calling 9765 1657.

3LDQR 5HFLWDO )UDQ] 0RHOOHU Denmark: Saturday, October 5th, 2013, 7pm Denmark Civic Centre Albany: Saturday, October 12th, 7pm Albany BapƟst Church Schumann: Scenes From Childhood op. 15 Schubert: Sonata in C Major. D. 279 Sonata in A Minor. D. 845

2129199

Adult $30 Concession $20 Group bookings of 10 or more $20 Bookings UPTOWN MUSIC , Albany Hwy or CLASSICAL MUSIC SHOP, SƟrling Tce or admission at the door

Mantra will perform with Seth Sentry at Studio 146 tomorrow night. Picture: Michelle Grace Hunder

Mantra gets rowdy

MASSIVE

■ Jordan Gerrans

S T O R E W I D E

Sale up to 70% off SELECTED LINES

INSTORE NOW

2161675

Top Of York Street Enjoy self drive wildflower tours, guided walks, open gardens and simply get lost in WA ’s Great Southern - just some of the things to discover in the

2013 Hidden Treasures

14th September - 19th October

2150004

'RZQORDG \RXU SURJUDP WRGD\ IURP ZZZ NRMRQXSYLVLWRUV FRP

If you have a ticket for Seth Sentry’s Albany leg of The Vacation Tour at Studio 146 tomorrow night, get there nice and early. Seth will be accompanied by fellow Melbournians Grey Ghost and, in particular, Mantra. Mantra, or Rob Tremlett, has just released his third album, Telling Scenes, which follows Power of the Spoken and Speaking Volumes. Mantra explained he took his time between album two and three. “It was I think because I felt more comfortable taking my time and trying some different stuff out with my writing,” he said.

“There are some real bangers on it, but I think the main thing is I really want to tell stories on this one. “The musical style of the different songs kind of evolved and changed during the process of writing this album and the main focus was getting to the core of some of my more personal subjects.” Mantra, Seth and Grey Ghost all grew up in the Melbourne hip-hop scene. “This tour has been a barrel of laughs, Grey Ghost and Seth Sentry are two of the funniest dudes I know,” Mantra said. “It’s just us p…… ourselves in the back of the bus for hours on end.” Mantra cut his teeth as a performer freestyling at the Laundry Bar in Fitzroy with

Seth 10 years ago. Now he is giving back. Mantra is involved with two hip-hop mentor programs, one named Dig Deep held weekly at Arts Centre Melbourne and the other a poetry residency at a primary school. “It’s funny coming back from a crazy, rowdy hip-hop tour, getting back and then working with young kids and teaching them how to beat box, it’s pretty surreal,” Mantra said. A rowdy hip-hop tour is what he expects for his second trip to Albany. Mantra said his first gig in the city was one of the rowdiest he had seen. “I’ve never seen a crowd get loose like Albany, man,” he said. “It was wild, they were ready to go from the get-go.”

THIS COPYRIGHT MATERIAL MUST NOT BE REPRODUCED WITHOUT PERMISSION OR PASSED ON TO ANY THIRD PARTY. CONTACT: SYNDICATION@WANEWS.COM.AU

22 Advertiser Agenda

Entertainment

ARIES: The tension you experience in your life during September 27-30 is due to conflict with a partnership or over money or ethics. TAURUS: Domestic discontent or woes tends to upset the balance of life during September 27-30, perhaps emanating from the pressure of workloads or disputes over responsibilities. GEMINI: Arguments are difficult to avoid during September 27-30 as the intensity of desire to make progress meets with unforeseen obstacles. CANCER: There appears to be a frenzy of action surrounding money during September 27-30. An attitude of “easy come, easy go” is likely to find you out of pocket. LEO: High-powered Leo will be seeking to explore life to the fullest during September 27-30, as well as establishing credentials. Frustrations with communication and travel may be upsetting. VIRGO: Differences of opinion, problems with communication and transport tend to create a few headaches for Virgo during September 27-30. You need time to think things through unpressurised. LIBRA: Whilst you may want to pursue certain objectives during September 27-30, hindrances may arise due to a conflict of values or issues pertaining to cash flow. SCORPIO: There may well be open conflict between yourself and a competitor during September 27-30, with a tendency for the exposition of your weak points to occur. SAGITTARIUS: There have been many things where luck has worked to your advantage in recent times. However, you’ll need to work to maintain this streak of good fortune. CAPRICORN: In your quest for achievement, you need not to lose sight of the real values that determine the quality of success. You’ll need to reflect on such issues during September 27-30. AQUARIUS: This time tends to produce major disagreements as others have their own ideas on how things should be done. Everyone needs to be dispassionate before solutions are found. PISCES: Health matters tend to be aggravated under current trends during September 27-30 and are likely due to increased workloads and responsibilities. Discussions are non-productive.

Hip hop artist hits Mandurah by Amy Martin DESPITE this Sunday being the first time hip hop artist Mantra will be here, he’s already claiming Mandurah as his own. He first heard of the city when he encountered some local fans on his last tour – and something about the city left a lasting impression with the Melbourne performer. “Mandurah is my city as far as I’m concerned,” he joked. “I met people down in Bunbury during my last show there and asked where they were from and they said ‘We’re from Mandurah’ and I was like ‘You’re from Mantra? That’s so weird.’” With his similar name aside, Mantra said he’s looking forward to performing this weekend and expects “a freaking party” for his last show in the Western Australian leg of the Telling Scenes tour. “I haven’t spent that much time in WA,” he said. “I love it there, and I’ve been a couple of times. “But it’s the first time to Mandurah and I’m really looking forward to it.” On tour with his third studio album, Telling Scenes which was

released earlier this month, it is a new direction for the hip hop artist. He describes it as a progression of his last two albums and while Mantra admits there are things on the album which are new for his repertoire, the performer thinks fans appreciate him not sticking to the “same old”. The main influence over this latest release is something most hip hop artists wouldn’t even dream of doing yet has helped the artist with a new way of constructing his sound. What started as training to keep vocally fit for his previous album, has resulted in singing and piano lessons. “There were some songs which were testing my vocal range and I wanted my voice to be strong and to nail all of the new tracks,” Mantra explained. “It was a form of training to get match fit, but the music lessons opened up my eyes to the possibilities. “I was confident in making choices that I thought before were weird or had not even thought about.

This weekend: Mantra has taken a new approach for his latest album Telling Scenes. “I now have a clear idea of what each song should sound like and the way it has to happen.” The result is an album like the ones Mantra himself “grew up listening too”. It’s one of the most personal records for the rap artist, injecting more of himself into the record than ever before and

tackling some personal issues in his music. And with a new outlook on how he makes music, Mantra has done so in a way which turns his album into a collection of short stories. “My main focus is to tell a lot of narratives,” he said. “I appreciate that style of writing.

“While obviously every track has a story behind it, getting into a real storytelling way of writing is something I haven’t done a lot of.” Mantra will be at Players Bar with Seth Sentry and Grey Ghost on September 29. For more information or for ticketing go to oztix.com.au

On show: Former Pinjarra musical director Stephanie Lewendon-Lowe, left, plays bear Caramel in Caramel’s Sweet Tooth with Nicole George as Pretty Dolly

Sweet treat for children Live Acoustic Music @ 8PM Grand Final Party from 12PM Big Screen TV, Pints & Pies Nate Lansdell Live & Acoustic @ 8PM

Sunday .. Sunday Sesh with Sarah Wise from 6PM Coming Soon.. Octoberfest, Melbourne Cup Christmas Packages Available

66 The Mail, Peel’s Leading Newspaper, Thursday, September 26, 2013

TA1212404

Friday .. Saturday ..

FORMER Pinjarra musical director Stephanie Lewendon-Lowe is putting on a bear costume this school holidays. She’s appearing as Caramel the bear in Caramel’s Sweet Tooth, one of two short plays featured as part of Storytime in the Hills. “Caramel is a kind, friendly bear who gets along well with all the other toys,” Lewendon-Lowe said. “But she loves sweets a bit too much and the play shows what happens if you eat too many of them. “I know it will be a lot of fun and everyone I’m working with is so supportive and enthusiastic.” Normally, Lewendon-Lowe works behind-the-scenes as a violinist, pianist or musical director and has performed with Pinjarra’s Murray Music and Drama Club, WA Academy of Performing Arts and various secondary colleges. This time she’s getting out from behind the curtain and into the spotlight.

“Caramel’s Sweet Tooth looked like a bit of fun and I was really keen to be on the other side of the stage for once,” Lewendon-Lowe said. “And what better way than in a children’s play where I get to dress up in a warm, bear suit.” Writer and director Nicole George said Storytime in the Hills came about last year when it was recognised there needed to be some theatre shows for children. “A lot of Roleystone Theatre members have young children but we were limited in what we could take them to see in the area, so it was suggested we write our own short plays to meet this need,” she said. Storytime in the Hills plays at 11am and 2pm, October 9, 11 and 12. All tickets are $5 and include a light snack. For more information go to Roleystone Theatre or call 9397 5730.

Rock Goddess Opens Up

Emiliana Torrini Tookah Rough Trade ★★★½

Magic Dirt frontwoman digs deep with ruminations on love, life and adulthood

Adalita All Day Venus Liberation ★★★★ “I’m not your dirty friend/And I’m not your Marianne,” sings Adalita on “Annihilate Baby”, a biting rock stomper and the opening track to the Melbourne songwriter’s second solo album. In 2011 the Magic Dirt founder took out the AIR Award for Best Independent Release with her self-titled debut. Minimal and raw, that disc came off the back of tragedy – the death of former bandmate and best friend, Dean Turner. Two years on, All Day Venus is sonically richer and (in places) more upbeat, but no less evocative. The 42-year-old says these 12 songs are about growing up: lessons learnt from love gone wrong, contemplation about the power of the feminine, KEY TRACKS: “Rolled in Gold”, self-examination. “All Day Venus”, Though she’s beefed up the “He Wrote” instruments – drummers Jim White (Dirty Three), Lee Parker (Spite House), and Hugo Cran (The Devastations), plus bassist Matt Bailey (Paradise Motel) and violinist Willow

LISTEN UP! To hear a song from Adalita’s new LP, download the free viewa app and scan this page with your smartphone or tablet.

Stahlut – this is most definitely a solo vision. The songs are drenched in romance: “Maybe love is not enough,” she sings in “Trust is Rust”, the song fading out in a wash of strings and piano. “All Day Venus” is menacing pop, all dark bottom-end. “I’m so in love with my ego,” she sings in “Ego”. “Too much of a good thing/And not enough breathing/And not enough seeing it for what it is.” The sweet, character driven “He Wrote” is a sad farewell: “Oh love of my life/In the blink of an eye/It’s over”. Closer “Rolled in Gold”, with its amniotic synths and airy vocals, is a standout. “I’m not your woman/I’m incognito,” Adalita insists – and how right she is. SAMANTHA CLODE

Emiliana Torrini isn’t the first pop singer to coin new words: Cocteau Twin Elizabeth Fraser would sing entire songs – albums, even – consisting of little more than extemporaneous gibberish. Yet the word the Icelandic Torrini has created, Tookah, is perfect: to her it means a karmic balance, the “union of self and a state of bliss”. Pretty much exactly what these glacial soundscapes bring on. Torrini could warble the phone book in her waif-ish voice and you’d listen, spellbound, babbling about her “unforgettable A-K”. Another collab with producer Dan Carey, inspired in part by the birth of her first child, Torrini’s seventh LP is a worthy successor to 2008’s near-breakthrough Me and Armini. JEFF APTER

Lo Five

Mantra

★★★

★★★★

Let it Fly Liberation ★★★½

Sydney funk duo surprise with assured debut album

Lyrical Melbourne MC’s risks pay off on strong third album

One-time chart-topper goes his own way

Kim Gordon’s challenging headfirst charge into obscurity

Without so much as a single EP behind them, Lo Five have seemingly emerged from nowhere to deliver a polished debut. Singularity swaggers along the lines of soul, funk and groove; paying homage to Amy Winehouse on “Heavenly Ho”, employing the talents of Sweet Inspirations vocalists Estelle Brown and Portia Griffin on “Little Man” and taking a slow and dreamy turn on standout “Moonwalking”. To its credit, the record doesn’t try to be anything it’s not – Lo Five aren’t exactly oozing youthful cool, but they know their way around an unpretentious rhythm. Though probably not destined to be a Jamie Lidell-style crossover hit, this is nonetheless a commendable piece of work. K.C.

One of Australia’s most talented and lyrically intelligent emcees, Mantra has been the connoisseurs choice of rappers since he made his name with Victorian hip-hop group Illzilla. Telling Scenes, his third solo LP, delivers another mindful collection of jams that showcase the influences of Eastern mysticism and a locally unmatched lyrical depth. “Who’s Your Favourite Rapper” is that rare thing – an actually funny skit – but Telling Scenes is full of standouts, from the brilliant guest spots on “Energy” to the guitar-led melancholy of “Quicksilver” and the spoken word interlude “Baba”. Mantra has taken some risks and dropped one of the hip-hop records of the year. DANIEL FINDLAY

You can’t help but admire the way Mark Lizotte recast his career, once he fell from mainstream favour in the mid-Nineties – no re-hashing the old hits for the former Johnny Diesel. Over the past few years he’s been a bluesman, a re-interpreter of the classics, and a live staple from the Top End to the Apple Isle. The 47-year-old still cuts a mean figure while wielding an axe, too – a glance at the cover of his 13th album proves that. And from the stomping opener “Moneymaker” and the gutsy title track to the dirt floor blues of “By Your Throne”, Diesel proves he’s still a dab hand with raw rockin’ power and true grit. Unlike many of his peers, Diesel has no time for pop’s rear-view mirror. J.A.

You’ll need patience to find the golden moments in this mostly improvised double-album suite of guitar experimentals from ex-Sonic Youth legend Kim Gordon and NY art-rock stalwart Bill Nace. While those familiar with Sonic Youth’s broader catalogue will expect to be challenged, those who liked the major label singles will be left cold by this haphazard interweaving of guitars. Gordon’s vocals nod at Patti Smith’s spoken poetry rather than the spit and snarl of Sonic Youth, but then, this is art, not pop music. It’s the occasional moment of sheer beauty when Gordon and Nace’s guitars mesh to create an accidental symphony that make the effort worthwhile. MATT COYTE

Singularity Independent

Telling Scenes Ten to Two Records

Diesel

Incandescent, introspective electro-pop

Body/Head

Coming Apart Remote Control

★★

R ol l i n g S t o n e , O c t o b e r 2 01 3 |

101

and local favourites Miles

BREAKING TRADITION

music

On the verge of releasing his third full-length album, Telling Scenes, Mantra chats to Kane Sutton about musical growth, maturity and the reasoning behind choosing his first two singles.

“I

still can’t believe this is even a possibility,” Mantra suggests humbly of his budding career as a hip hop artist. “When I started, I had no intention of ever trying to make it a career. I didn’t think it was a possibility at all. And that wasn’t even a priority for me; I just did it because I loved doing it. I didn’t even really know that Australian hip hop existed when I started getting into it. I enjoyed it, so I figured that’s what I wanted to do. There was never really a point where I decided I need to do this in a serious way; I just gradually noticed that Aussie hip hop was becoming a really valued genre.” Three albums in, Mantra reflects on the person he was on releasing his debut. “I think it’s very clear on this record that I’ve learned a lot of things musically and really honed in on those things that I had signs of early on. This is definitely my most mature-sounding album, but I don’t really know if I’ve matured as a person – I don’t want to grow up and my credit rating will probably vouch for that. I also lost my wallet at the venue last night. I went to the front to put some names on the guest list and went, ‘Oh, shit, I have to go and get my wallet, I think I left it on the table!’ and she said, ‘No, someone handed it in at the bar; yours is the one with no ID and no money in it, right?’ So

yeah, I went and got the wallet, but then realised that when I’d gone to talk to the door girl I’d left my laptop sitting on a couch in the same venue with my whole fucking set on it!” His first album for new label Ten To Two Records, Telling Scenes has already spawned two successful singles – radio anthem, Loudmouth, and the darker Break Tradition – but it’s the album as a whole that best showcases how Mantra has raised the bar. “The tracks are all really different. We thought Loudmouth would be a good first single because it’s light-hearted,

funny and taking itself a lot less seriously than some of the other songs. Then we decided to release Break Tradition, which had a different response. The message is strong and I believe it quite firmly, and it’s also a very literal song – I was really happy that I could sum it up so concisely. I think people are really into it for that reason. It’s a message that people can relate to very easily.” About to embark on a massive national tour, Mantra is excited about heading west. “I love Perth and Freo, so I’m really looking forward to that – we’ve got a strong and loyal fanbase there and I don’t get to head over too often so I’m really looking forward to that. And on a really selfish level I’m also looking forward to just chilling at the beach.” WHEN AND WHERE: 19 Sep, Flyrite; 20 Sep, Mojo’s THE MUSIC • 21ST AUGUST 2013 • 33

album review

MANTRA

Ten To Two

Telling Scenes

A on H th di at es co th re so se ga

B co Te be he di he th be an

P ho fo fa sh w

m s R m m a g

.........................................................................

MANTRA ON THE SCENE Next month sees the release of Telling Scenes, the third album from one of Australiaâ&#x20AC;&#x2122;s most respected MCs, Mantra. Mantra was picked up by Obese Records in 2010 IRU KLV ÂżUVW DOEXP Power of the Spoken. He followed that one up with Speaking Volumes the following year. His new album features singles â&#x20AC;&#x2DC;Loudmouthâ&#x20AC;&#x2122; and â&#x20AC;&#x2DC;Break Traditionâ&#x20AC;&#x2122; featuring the talents of Cisco Tavares. The Evelyn â&#x20AC;&#x201C; October 11. .........................................................................

GET YO FREAK ON

JUST DESSERTS

Back for more polyrhythmic goodness, Afreakah hits the The Bird on Sat 21 Sep. Laying down a “Ziggi & The New Generation” theme, Charlie Bucket, Raaghe and Jack Doepel drop the dub plates. Plus there’s a tape stall. Shyeah. $10 on the door.

A fave around these parts, lo-fi songstress Leure is about to embark on a little Europe tour, playing a festival in Vienna. First, though, she’s launching two new singles at The Bird on Thurs 19 Sep. Leon Osborn and Mei Saraswati support.

GREY MATTA Two of the top dudes in the game at the moment, Mantra and Grey Ghost make for the double-header of the year, for those keeping an ear on uprising Aussie hip hop. Catch them at Mojos on Fri 20 Sep, with Bitter Belief and Sarah Pellicano & Creed Birch.

JUG TIME

SWEET MARY

2013’s WA leg of the National Campus Bands Competition wraps up this Fri 20 Sep at The Rosemount Hotel. Heats haven’t wrapped up yet, but the event is sure to showcase the best up’n’coming uni bludger bands

Mary Street Bakery is already making waves on the Highgate scene, and is now on board to help out fundraising for Beaufort Street Festival with the Mary Street Wine Mixer on Thurs 19 Sep between 6.30 and 9pm.

M EDIA CO VERAGE - O NLINE

11A Balmerino Avenue Toorak, VIC Australia 3142 | ABN 68 919 686 054 www.parisispatient.com.au - Commercial in Confidence

(SS

;V\Y

9LSLHZL

+HUJL

.PN

-LZ[P]HS

0UK\Z[Y`

-PST

(Y[Z

/64, 5,>: ;/, .<0+, 05;,9=0,>: 9,=0,>: )36.: 30:;,5 >(;*/ -,:;0=(3: >05 :;69,

0DQWUD 5(/($6(

,?*3<:0=,! 4(5;9( 9,=,(3: (3)<4 9,3,(:, +,;(03: -XO\

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

7KH 2UDQJH 3UHVV 0$175$ Â² %5($. 75$',7,21 )7 &,6&2 7$9$5(6

0HOERXUQH 0& 0DQWUD EOHZ XV DZD\ ZLWK KLV ODVW FOLS DQG QRZ KHÒ&#x2039;V GURSSHG KLV VHFRQG VLQJOH IURP KLV XSFRPLQJ ORQJ SOD\HU 7HOOLQJ 6FHQHV GXH RXW 6HSWHPEHU 7KLV WXQH GRHVQÒ&#x2039;W TXLWH JUDE PH DV PXFK SUREDEO\ WKDW FKRUXV LWÒ&#x2039;V QRW UHDOO\ P\ EDJ IURP &LVFR 7DYDUHV DOWKRXJK KLV PLGGOH EULGJH LV QLFH ,WÒ&#x2039;V D VROLG HIIRUW WKRXJK DQG ERGHV ZHOO IRU WKH DOEXP +HÒ&#x2039;V KHDGLQJ RXW WR GR VKRZV ZLWK 6HWK 6HQWU\ VRRQ D GDWH FRPSUHKHQVLYH QDWLRQDO WRXU ZHÒ&#x2039;OO EULQJ \RX WKH GDWHV ZKHQ WKH\Ò&#x2039;UH DQQRXQFHG

%ULQJLQJ <RX 7KH /DWHVW $XVVLH ,QWHUQDWLRQDO 1HZV 5HYLHZV $QG ,QWHUYLHZV

+20(

1(:6

)($785(6

5(9,(:6

&8/785( 7(&+

3+2726

$8',2

9,'(2

6HDUFK

1(:6

0DQWUDҋV 1HZ 6LQJOH Ҋ%UHDN 7UDGLWLRQҋ )URP 8SFRPLQJ $OEXP Ҋ7HOOLQJ 6FHQHVҋ >YP[[LU I` 4PRL /VOULU VU Z[ (\N\Z[

6,*1 83 )25 086,& )(('6

6XEVFULEH 7R 2XU :HHNO\ 1HZVOHWWHU (QWHU <RXU (PDLO

6LJQ 8S

-HJLIVVR

;^P[[LY

;\TISY

0UZ[HNYHT

@V\;\IL

.VVNSL

(\ZZPL YHWWLY 4HU[YH OHZ YL[\YULK ^P[O `L[ HUV[OLY [YHJR )YLHRPUN ;YHKP[PVU ZL[ [V IL MLH[\YLK VU OPZ Q\Z[ HUUV\UJLK MVY[OJVTPUN YLJVYK ;LSSPUN :JLULZ L_WLJ[LK [V KYVW [OPZ :LW[LTILY <USPRL P[Z VSKLY ZPISPUN )YLHR ;YHKP[PVU ZLLZ 4HU[YH [HRL VU [OL MHY TVYL ZLYPV\Z [VWPJ VM PU[LYNLULYH[PVUHS ]PVSLUJL [LSSPUN [OL [HSL PU H TVYL ZVTIYL [VUL ^OPSL OVSKPUN VU[V OPZ KL_[LYV\Z YO`TLZ ;OL [YHJR MVJ\ZLZ

+($'/,1(6

VU ^O` WLVWSL ZWYLHK [OL ]PVSLUJL [OH[ ^HZ PUMSPJ[LK \WVU [OLT YLZ\S[PUN PU H WVPU[SLZZ J`JSL \U[PS ZVTLVUL ZO\UZ [OL WYHJ[PJL HUK IYLHRZ [YHKP[PVU .L[ P[&

5L_[

6RXQGZDYH 6HFRQG /LQHXS $QQRXQFHPHQW 1HZV

&RXOGQ W ORDG SOXJ LQ

/$7(67 9,'(26

,QWHUYLHZV

,QWHUYLHZ 6QDNDGDNWDO 7DON 'HEXW $OEXP Ҋ6OHHS ,Q 7KH :DWHUҋ

0)79 /LYH

;OPZ ZPUNSL MLH[\YLZ HU HWWLHYHUJLZ MYVT [OL 4LSIV\YUL 4HZZP]L OPW OVW JOVPY HZ ^LSS HZ H JOVY\Z JV\Y[LZ`

%LUGV 2I 7RN\R ² /DQWHUQV 8QSOXJJHG $W 0XVLF )HHGV 6WXGLR

VM *PZJV ;H]HYLZ ;OL ILH[ ^HZ ZLSLJ[LK MYVT HU HYYH` JVTWVZLK I` *HT )S\MM HM[LY P[ SLHW[ V\[ H[ 4HU[YH HZ OL MSPJRLK [OYV\NO H JOVPJL VM ILH[Z MVY [OL [YHJR SLH]PUN OPT ^P[O UV VW[PVU V[OLY [OHU [V SH`LY P[ ^P[O OLHY[MLS[ S`YPJZ )L[^LLU UV^ HUK [OL HSI\T SH\UJO 4HU[YH ^PSS IL WLYMVYTPUN HSVUNZPKL :L[O :LU[Y` HUK .YL` .OVZ[VU [OLPY THZZP]L Y\U VM OLHKSPUPUN ZOV^Z ILMVYL OL [OYV^Z OPZ V^U OLHKSPUPUN ZOV^Z PU[V [OL TP_

0)79 /LYH

%LUGV 2I 7RN\R ² 7KLV )LUH 8QSOXJJHG $W 0XVLF )HHGV 6WXGLR

0)79 /LYH

%LUGV 2I 7RN\R ² :KHQ 7KH 1LJKW )DOOV 4XLHW 8QSOXJJHG $W 0XVLF )HHGV 6WXGLR

;LSSPUN :JLULZ ^PSS IL YLSLHZLK [O :LW[LTILY 3PZ[LU! 4HU[YH ¶ )YLHR ;YHKP[PVU MLH[ *PZJV ;H]HYLZ

,QWHUYLHZV

,QWHUYLHZ *XLQHDIRZO 7DONV 1HZ (3 Ҋ, +RSH 0\ &LW\ /RYHV 0H 6WLOOҋ

4VYL =PKLVZ

&RXOGQ W ORDG SOXJ LQ

-,,+:!

4(5;9(

6KDUH

5(/$7(' 0(',$

0)79 /,9(

086,& 9,'(2

0$175$ ² &/$66,& 0$6+ 83 )($7

0$175$ ² /28'0287+ )($7 720

0$175$ ² /28'0287+

720 7+80 /,9( $7 086,& )(('6

7+80 /,9( $7 086,& )(('6

678',2

3+2726 857+%2< : 0$175$ )$&725< 7+($75( ²

5($' 025( 4HU[YH (UUV\UJLZ /LHKSPUPUN (\Z[YHSPHU ;V\Y +H[LZ :LW[LTILY

6KRZLQJ HYHQWV IRU $OO RI $XVWUDOLD

+20(

:+$7 6 21

1(:6

(QWHU DUWLVW HYHQW RU YHQXH QDPH

*$//(5<

9(18(6

6833257

-2,1 6,*1 ,1

6($5&+

0DQWUDÂ¶V 1HZ 6LQJOH Âµ%UHDN 7UDGLWLRQÂ¶ )URP 8SFRPLQJ $OEXP Âµ7HOOLQJ 6FHQHVÂ¶ :ULWWHQ E\ 0LNH +RKQHQ RQ VW $XJXVW

6XEVFULEH WR WKH ZHHNO\ PRVKJXLGH (QWHU \RXU HPDLO DGGUHVV

6KDUH

026+7,; 21 )$&(%22.

68%6&5,%( 026+7,; 21 7:,77(5

5HFRPPHQGDWLRQV PRUH JDOOHULHV

:DWFK YLHZ

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

&+(&. 287 7+( /$7(67

)HDWXUHG $UWLFOHV &KLOGLVK *DPELQR 6KDUHV 1HZ 7UDFN Âµ0HOURVHÂ¶ Âµ%HFDXVH 7KH ,QWHUQHWÂ¶ $OEXP $UW PRUH 3XEOLF (QHP\ $QQRXQFH +HDGOLQLQJ $XVWUDOLDQ 7RXU 'DWHV PRUH

52*(5 6$1&+(= 0RQ 1RY &URZQ &DVLQR /HYHO

)ROORZ PRVKWL[ RQ 7ZLWWHU

)O\LQJ /RWXV %ULQJLQJ Âµ/D\HU ' 6KRZ 7R 6\GQH\ 2SHUD +RXVH PRUH

*LJ 5HYLHZV 9LROHQW 6RKR 7KH &RUQHU +RWHO 0HOERXUQH Â± PRUH %OXHMXLFH 7KH &RUQHU +RWHO 0HOERXUQH Â± PRUH

05:;(.9(4: I` 'TVZO[P_

WOV[VZ

MVSSV^LYZ

%R\ %HDU (QPRUH 7KHDWUH 6\GQH\ Â± PRUH

KHDGOLQLQJ VKRZV EHIRUH KH WKURZV KLV RZQ KHDGOLQLQJ VKRZV LQWR WKH

PL[

$OEXP 5HYLHZV

7HOOLQJ 6FHQHV ZLOO EH UHOHDVHG WK 6HSWHPEHU

*RVVOLQJ +DUYHVW 2I *ROG PRUH

/LVWHQ 0DQWUD Â± %UHDN 7UDGLWLRQ IHDW &LVFR 7DYDUHV

6DUDK 0F/HRG /RYH 6RQJERRN (3 PRUH 0RW|UKHDG $IWHUVKRFN PRUH

)25 025( 086,& 1(:6 &/,&. +(5(

7V^LYLK I`

566 )HHG

+20(

1(:6

5(9,(:6

,17(59,(:6

&217$&7

0$175$ 5(78516 :,7+ $ 1(: 6,1*/( Â± %5($. 75$',7,21 $11281&(6 1(: $/%80 )25 5(/($6( 6(37(0%(5 7+ 7+856'$< $8*867

6HDUFK

5(&(17 32676 7+( -2+1 67((/ 6,1*(56 $11281&( (9(5<7+,1*Â¶6 $ 7+5($' 7285 -26+ 3<.( _ DQQRXQFHV Âµ/RQH :ROIÂ¶ WRXU _ UHOHDVHV QHZ VLQJOH Âµ7KH %HJLQQLQJ $QG 7KH (QG 2I (YHU\WKLQJÂ¶ 5HYLHZ *DWHV Â± <RX $UH $OO <RX +DYH /HIW 7R )HDU ,QWURGXFLQJ Â± 'HQRXQFHU 6FKHPDWLF 1HZ 3URMHFW RI 'DYH (ONLQV )URP 0$( 6LJQV ZLWK 6SDUWDQ 5HFRUGV

)ROORZLQJ RQ IURP UDGLR DQWKHP /RXGPRXWK 0HOERXUQH UDSSHU 0DQWUD KDV GURSSHG WKH HPRWLRQDOO\ KHDY\ %UHDN 7UDGLWLRQ Â±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Â¶V 0DVVLYH KLS KRS FKRLU DQG FDSSHG HYHU\WKLQJ RII ZLWK D VXLWDEO\ JUDQG FKRUXV FRXUWHV\ RI &LVFR 7DYDUHV 3RZHUIXO DQG UHODWDEOH %UHDN 7UDGLWLRQ KDG HYROYHG LQWR RQH RI 0DQWUDÂ¶V EHVW VRQJV DQG KDG PRUH WKDQ HDUQHG LWV SODFH RQ KLV DPELWLRXV QHZ DOEXP $V D FDYDOFDGH RI WKLV FDOLEHU RI VRQJ 7HOOLQJ 6FHQHV FRQILGHQWO\ SXVKHV WKH ERXQGDULHV RI KLS KRS DQQRXQFLQJ LQ QR XQFHUWDLQ WHUPV WKDW 0DQWUD KDV UHDFKHG WKH QH[W OHYHO RI KLV FUDIW 7285,1* Â± $8*867 6(37(0%(5 2&72%(5

'$7( 5(*,21$/ 7285 :,7+ 6(7+ 6(175< *5(< *+267 67$57,1* $8*867 VW 7(//,1* 6&(1(6 1$7,21$/ 7285 72 %( $11281&(' $8*867 WK $OO VKRZ GHWDLOV DYDLODEOH IURP ZZZ PDQWUDHPFHH FRP /LVWHQ WR %UHDN 7UDGLWLRQ RQ <RX7XEH RU 6RXQG&ORXG 7(//,1* 6&(1(6 Â± 6(37(0%(5 7+

7KH KLJKO\ DQWLFLSDWHG WKLUG DOEXP LQ WKH 3RZHU 2I 7KH 6SRNHQ 7ULORJ\ 7HOOLQJ 6FHQHV RXW )ULGD\ 6HSWHPEHU WK 7DJV PDQWUD 3RVWHG LQ 5HOHDVH 'DWH VWUHDP

1(: 6281'6 MHQQ\EURNHWKHZLQÂ«

JYn]d

6KDUH

'RZQORDG

1(: 6,*+76

0RUH 1H[W %ORJª

7+856'$< $8*867

1(: 5(/($6( 6&+('8/(

7+( $8675$/,$1 &' 1(: 5(/($6( 6&+('8/( $XJXVW ± *HQHUDWLRQ , $VNLQJ $OH[DQGULD ± )URP 'HDWK 7R 'HVWLQ\ %DFNVWUHHW %R\V ± ,Q $ :RUOG /LNH 7KLV %ORF 3DUW\ ± 7KH 1H[W :DYH 6HVVLRQV (3 $XJXVW &ORXG &RQWURO ± 'UHDP &DYH &UHHS ± (FKRHV 0DF 'H0DUFR ± 'LHVHO ± /HW ,W )O\ ([DPSOH ± +LWV -DPHV ,KD ± /RRN 7R 7KH 6N\ 1RUPD -HDQ ± :URQJGRHUV 3DXO .HOO\ -DPHV /HGJHU *HQHYLHYH /DFH\ ± &RQYHUVDWLRQV :LWK *KRVWV 2QH 'LUHFWLRQ ± %HVW 6RQJ (YHU &' VLQJOH

267 ± 7HHQ %HDFK 0RYLH 267 ± 7KH 9LNLQJV 7KH 3UHDWXUHV ± ,V 7KLV +RZ <RX )HHO (3 &KDUOLH 3ULGH ± <HDUV 2I 3ULGH 5 I V ± $WODV 6ZLP 'HHS ± :KHUH 7KH +HDYHQ $UH :H 7LJHUWRZQ ± :DQGHULQJ (\HV 9DULRXV ± 5RFN +LWV 9DULRXV ± %RRJLH 3UHVHQWV 6LOYHU 5RDGV 9DULRXV ± &RVPLF &RXQWU\ 9DULRXV ± +HDY\ 6RXO :DVKHG 2XW ± 3DUDFRVP :KLWH /LHV ± %LJ 79 7KH :LOG )HDWKHUV ± 7KH :LOG )HDWKHUV ',*,7$/ 5(/($6( %LUG\ ± :LQJV -DNH 2ZHQ ± 'D\V 2I *ROG 7KH 6XPPHU 6HW ± %RRPHUDQJ $XJXVW -LPP\ %DUQHV ± :HOFRPH 7R 7KH 3OHDVXUH +RXVH (3 %DVWLDQ¶V +DSS\ )OLJKW ± +HDUW :RUNV %OHVV 7KH )DOO ± +ROORZ %RGLHV %ORRGV ± *ROGHQ )DQJ %R\ %HDU ± +DUOHTXLQ 'UHDP

&UHDWH %ORJ 6LJQ ,Q

6HSWHPEHU $UFWLF 0RQNH\V Â± $0 :LOOLV (DUO %HDO Â± 1RERG\ .QRZV %RG\ +HDG Â± &RPLQJ $SDUW 1HNR &DVH Â± 7KH :RUVH 7KLQJV *HW 7KH +DUGHU , )LJKW 7KH +DUGHU , )LJKW 7KH 0RUH , /RYH <RX 7KH &ODVK Â± 6RXQG 6\VWHP %R[VHW 5\ &RRGHU &RUULGRV )DPRVRV Â± /LYH ,Q 6DQ )UDQFLVFR 'HORUHDQ Â± $SDU )DFWRU\ )ORRU Â± )DFWRU\ )ORRU *ROGIUDSS Â± 7DOHV 2I 8V /DQWHUQV 2Q 7KH /DNH Â± 8QWLO 7KH &RORXUV 5XQ /LWWOH 6FRXW Â± $UH <RX /LIH /RQGRQ *UDPPDU Â± ,I <RX :DLW 267 Â± 7XUER 5LVH $JDLQVW Â± /RQJ )RUJRWWHQ 6RQJV % 6LGHV &RYHUV 6DW\ULFRQ Â± 6DW\ULFRQ 6KLQLQJ %LUG Â± /HLVXUH &RDVW 6PDVKLQJ 3XPSNLQV Â± 2FHDQLD /LYH ,Q 1<& '9'

7RQLJKW $OLYH Â± 7KH 2WKHU 6LGH 8% Â± *HWWLQJ 2YHU 7KH 6WRUP 9LROHQW 6RKR Â± +XQJU\ *KRVW 6DOO\ :KLWZHOO Â± $OO ,PSHUIHFW 7KLQJV 9DULRXV Â± &DIp 'HO 0DU ',*,7$/ 5(/($6( )HQHFK 6ROHU Â± 5LWXDOV DOEXP

6HSWHPEHU $YLFLL Â± 7UXH %DODQFH $QG &RPSRVXUH Â± 7KH 7KLQJV :H 7KLQN :HÂ¶UH 0LVVLQJ 6WHYH %DOEL Â± %ODFN 5DLQERZ (OYLV &RVWHOOR 7KH 5RRWV Â± :LVH 8S *KRVW 6KHU\O &URZ Â± )HHOV /LNH +RPH 7KH 'HYLO :HDUV 3UDGD Â± 'UDNH Â± 1RWKLQJ :DV 7KH 6DPH 6HS (DUWK :LQG )LUH Â± 1RZ 7KHQ )RUHYHU 'DYLG *DUUHWW Â± 0XVLF (OWRQ -RKQ Â± 7KH 'LYLQJ %RDUG (OWRQ -RKQ Â± 7KH 'LYLQJ %RDUG 'HOX[H (GLWLRQ

-DFN -RKQVRQ Â± )URP +HUH 7R 1RZ 7R <RX 0DUN /DQHJDQ Â± ,PLWDWLRQV 0DQ 0DQ Â± 2Q 2QL 3RQG 0DQWUD Â± 7HOOLQJ 6FHQHV 0*07 Â± 0*07 0LORV Â± +HDUWVWULQJ

)ULGD\ 1RYHPEHU

/DVW 8SGDWHG DP

/,67(1 0DQWUDÂ·V QHZ VLQJOH Â´%UHDN 7UDGLWLRQÂµ E\ %LOO\ +R GD\V DJR #ELOO\UPKR 6+$5( 7+,6

)DFHERRN

7ZLWWHU

0HOERXUQH V IDYRXULWH JRDWHHG 0& 0DQWUD KDV GHEXWHG KLV QHZ VLQJOH %UHDN 7UDGLWLRQ 0HOERXUQHÂ·V IDYRXULWH JRDWHHG 0& 0DQWUD KDV GHEXWHG KLV QHZ VLQJOH Â´%UHDN 7UDGLWLRQÂµ 7KH UK\PHVPLWKÂ·V ODWHVW WUDFN LV IURP KLV IRUWKFRPLQJ QHZ DOEXP 7HOOLQJ 6FHQHV GXH 6HSWHPEHU WK $Q H[ PHPEHU RI IXQN UHJJDH KLS KRS RXWILW ,OO]LOOD 0DQWUD EURNH RXW VROR ZLWK WKH UHOHDVH RI KLV DOEXP 3RZHU RI WKH 6SRNHQ ZKLFK HDUQHG LWVHOI Â¶)HDWXUH $OEXP RI WKH :HHNÂ· RQ 7ULSOH -

/VTL

(IV\[ <Z

)(*2 0::<,:

1(: 086,& 0$175$ ± %5($. 75$',7,21 ZL]LUZL]LUTHNHaPUL (\N\Z[

-VY HSS (\Z[YHSPHU /PW /VW SV]LYZ OLYL»Z ZVTL[OPUN [V RPJR VMM `V\Y ^LLRLUK YPNO[ 4LSIV\YUL 4* 4(5;9( OHZ KYVWWLK OPZ MVSSV^ \W [V [OL YHKPV HU[OLT º3V\KTV\[O» [OL LTV[PVUHSS` JOHYNLK º)YLHR ;YHKP[PVU» [VKH` PU HU[PJPWH[PVU VM OPZ MVY[OJVTPUN HSI\T ;LSSPUN :JLULZ )YLHR ;YHKP[PVU YLWYLZLU[Z H ZPKL VM 4(5;9( [OH[ OHZU»[ YLHSS` ILLU L_WVZLK \U[PS UV^ <ZPUN OPZ S`YPJPZT [V \UMVSK H Z[HYR HUK SP[LYHS UHYYH[P]L OL KLS]LZ PU[V [OL J`JSL VM ]PVSLUJL [OH[ ZLLZ [OL LUKSLZZ JOHPU VM VUL WLYZVU WHZZPUN [OLPY HI\ZL VU [V [OL UL_[ \U[PS ZVTLVUL THRLZ [OL JVUZJPV\Z KLJPZPVU [V Z[VW P[" HZ [OL [P[SL Z\NNLZ[Z [V IYLHR [OL [YHKP[PVU 0U HKKP[PVU [V 4(5;9(»Z Z[VY`[LSSPUN [OL [YHJR HSZV MLH[\YLZ [OL T\S[P SH`LYLK ]VJHSZ VM 4LSIV\YUL»Z 4HZZP]L OPW OVW JOVPY HUK H Z\P[HIS` NYHUK JOVY\Z JV\Y[LZ` VM *PZJV ;H]HYLZ 7V^LYM\S HUK YLSH[HISL )YLHR ;YHKP[PVU OHK L]VS]LK PU[V VUL VM 4(5;9(»Z ILZ[ ZVUNZ HUK OHK TVYL [OHU LHYULK P[Z WSHJL VU OPZ HTIP[PV\Z UL^ HSI\T K\L V\[ [OPZ :LW[LTILY 5V[ VUL MVY KV^U[PTL 4(5;9( PZ J\YYLU[S` V\[ VU [V\Y ^P[O :L[O :LU[Y` HUK .YL` .OVZ[ HUK PZ HUUV\UJPUN KH[LZ MVY [OL ;LSSPUN :JLULZ [V\Y (\N\Z[ [O -VY KH[LZ HUK ]LU\L PUMVYTH[PVU OLHK VU V]LY [V O[[W! ^^^ THU[YHLTJLL JVT »)YLHR ;YHKP[PVU» PZ V\[ UV^ VU P;\ULZ

+LWV DQG 3LWV

:DUSHG 7RXU $XVWUDOLD

6WHUHRVRQLF

%LJ 'D\ 2XW

6RXQGZDYH

)XWXUH 0XVLF )HVWLYDO 6HDUFK

6XEPLW

+RPH

0XVLF

*DPLQJ

7HFK

*LJ *XLGH $0+ 79

)HVWLYDOV

(QWHUWDLQPHQW

$ERXW

0DQWUD 5HOHDVHV 6HFRQG 6LQJOH %UHDN 7UDGLWLRQ $XJ

/LNH

2II

;^LL[

0HOERXUQH UDSSHU 0DQWUD KDV UHOHDVHG QHZ VLQJOH %UHDN

7UDGLWLRQ ZKLFK LV DYDLODEOH IRU SXUFKDVH RQ L7XQHV QRZ %UHDN 7UDGLWLRQ LV WKH VHFRQG VLQJOH IURP KLV IRUWKFRPLQJ DOEXP Ã&#x2C6;7HOOLQJ 6FHQHVÃ&#x2030; ,W IHDWXUHV EHDWV E\ ULVLQJ SURGXFHU &DP %OXII WKH PXOWL OD\HUHG YRFDOV RI 0HOERXUQHÃ&#x2030;V 0DVVLYH KLS KRS FKRLU DQG D VXLWDEO\ JUDQG FKRUXV FRXUWHV\ RI &LVFR 7DYDUHV 7HOOLQJ 6FHQHV LV WKH KLJKO\ DQWLFLSDWHG WKLUG DOEXP LQ WKH 3RZHU 2I 7KH 6SRNHQ 7ULORJ\ IROORZLQJ KLV GHEXW DQG È¾V 6SHDNLQJ 9ROXPHV 7KH DOEXP LV GXH IRU UHOHDVH RQ 6HSWHPEHU WKURXJK 7HQ WR 7ZR 5HFRUGV &KHFN RXW %UHDN 7UDGLWLRQ EHORZ DQG FDWFK 0DQWUD RQ WRXU &XUUHQWO\ RXW RQ D GDWH UHJLRQDO WRXU ZLWK 6HWK 6HQWU\ *UH\ *KRVW 0DQWUD ZLOO DQQRXQFH

&RQQHFW WR $0+ 1HWZRUN

WKH 7HOOLQJ 6FHQHV QDWLRQDO WRXU RQ $XJXVW $OO VKRZ GHWDLOV DYDLODEOH IURP ZZZ PDQWUDHPFHH FRP

2WKHU $UWLFOHV <RX 0D\ /LNH

-DPHV %OXQW $QQRXQFHV $XVWUDOLDQ 7RXU

&ORZQV $OEXP 6WUHDP

%DG 5HOLJLRQ 6WUHDPLQJ &KULVWPDV $OEXP

, ([LVW 3UHPLªUH 1HZ 7UDFN

5HHO %LJ )LVK $GGHG WR :DUSHG

&' %XQGOH *LYHDZD\

%ULQJLQJ <RX 7KH /DWHVW $XVVLH ,QWHUQDWLRQDO 1HZV 5HYLHZV $QG ,QWHUYLHZV

+20(

1(:6

)($785(6

5(9,(:6

&8/785( 7(&+

3+2726

$8',2

9,'(2

6HDUFK

1(:6

0DQWUD $QQRXQFHV +HDGOLQLQJ $XVWUDOLDQ 7RXU 'DWHV 6HSWHPEHU >YP[[LU I` 4PRL /VOULU VU [O (\N\Z[

6,*1 83 )25 086,& )(('6

6XEVFULEH 7R 2XU :HHNO\ 1HZVOHWWHU (QWHU <RXU (PDLO

6LJQ 8S

-HJLIVVR

;^P[[LY

;\TISY

0UZ[HNYHT

@V\;\IL

.VVNSL

6UL VM (\Z[YHSPH»Z TVZ[ YLZWLJ[LK HUK [HSLU[LK 4*»Z 4HU[YH OHZ HUUV\UJLK [OH[ OL ^PSS IL [V\YPUN UH[PVUHSS` PU Z\WWVY[ VM OPZ MVY[OJVTPUN [OPYK Z[\KPV HSI\T ;LSSPUN :JLULZ ;OL YLSLHZL PZ L_WLJ[LK [V KYVW-YPKH` [O :LW[LTILY SLH]PUN Q\Z[ LUV\NO [PTL [V SLHYU HSS [OL ^VYKZ ILMVYL `V\ JH[JO [OL QHTZ SP]L (SYLHK` MYVT [OL YLSLHZL ^L»]L OLHYK [OL JVTPJHS 3V\KTV\[O HUK [OL T\JO KLLWLY HUK KHYRLY )YLHR

+($'/,1(6

;YHKP[PVU )V[O [YHJRZ MHSS VU VWWVZP[L LUKZ VM [OL OPW OVW ZWLJ[Y\T HUK ZWLHR ]VS\TLZ MVY 4HU[YH»Z HIPSP[` [V Z[`SL ZOPM[ MVY HU` ZP[\H[PVU 0U P[Z LU[PYL[` ;LSSPUN :JLULZ ZLLZ 4HU[YH YHPZL [OL IHY HZ OL OHZ KL]LSVWLK H OHIP[ VM KVPUN ^P[O LHJO YLSLHZL 5L_[

6RXQGZDYH 6HFRQG /LQHXS $QQRXQFHPHQW 1HZV

/$7(67 9,'(26 &RXOGQ W ORDG SOXJ LQ ,QWHUYLHZV

,QWHUYLHZ 6QDNDGDNWDO 7DON 'HEXW $OEXP Ҋ6OHHS ,Q 7KH :DWHUҋ

0)79 /LYH

%LUGV 2I 7RN\R ² /DQWHUQV 8QSOXJJHG $W 0XVLF )HHGV 6WXGLR

@V\ TH` OH]L OHK H [HZ[L VM ÔH[ 4HU[YH PZ JHWHISL VM SP]L ÔLU OL Z[VWWLK I` 4\ZPJ -LLKZ :[\KPV MVY H SP]L PU[LY]PL^ HUK WLYMVYTHUJL 0M `V\ KPKU»[ JH[JO P[ ZJYVSS VU KVÛ 1VPUPUN 4HU[YH VU [OL YVHK MVY H ZLSLJ[ ML^ ZOV^Z ^PSS IL [OL ILSV]LK .YL` .OVZ[ HKKPUN L]LU TVYL YLHZVU [V NL[ `V\Y OHUKZ VU ZVTL [PJRL[Z

0)79 /LYH

%LUGV 2I 7RN\R ² 7KLV )LUH 8QSOXJJHG $W 0XVLF )HHGV 6WXGLR

0)79 /LYH

>H[JO! 4HU[YH 3V\KTV\[O 3P]L ([ 4\ZPJ -LLKZ :[\KPV

%LUGV 2I 7RN\R ² :KHQ 7KH 1LJKW )DOOV 4XLHW 8QSOXJJHG $W 0XVLF )HHGV 6WXGLR

,QWHUYLHZV

,QWHUYLHZ *XLQHDIRZO 7DONV 1HZ (3 Ҋ, +RSH 0\ &LW\ /RYHV 0H 6WLOOҋ

4VYL =PKLVZ

&RXOGQ W ORDG SOXJ LQ

4HU[YH ;LSSPUN :JLULZ (\Z[YHSPHU ;V\Y +H[LZ ;PJRL[Z VU ZHSL ;O\YZKH` [O (\N\Z[ MYVT HT ]PH O[[W! ^^^ THU[YHLTJLL JVT ;O\YZKH` [O :LW[LTILY -S`YP[L 7LY[O ¶ -YPKH` [O :LW[LTILY 4VQV»Z -YLTHU[SL ¶ ;O\YZKH` YK 6J[VILY .YLH[ 5VY[OLYU 5L^JHZ[SL ¶ -YPKH` [O 6J[VILY (UUHUKHSL /V[LS :`KUL` ¶ :H[\YKH` [O 6J[VILY )LHJOJVTILY ;V\RSL` ¶ -YPKH` [O 6J[VILY ;OL ,]LS`U 4LSIV\YUL ¶ ;O\YZKH` [O 6J[VILY ;LTWV /V[LS )YPZIHUL ¶ :H[\YKH` [O 6J[VILY :VS )HYT 4HYVVJO`KVYL ¶ :H[\YKH` [O 6J[VILY ,K *HZ[SL (KLSHPKL ¶ .YL` .OVZ[ UV[ HWWLHYPUN

5(/$7(' 0(',$

6KDUH

-,,+:!

4(5;9(

+20(

/ 2&$7, 21

1(:6

9, &725, $

*,*6 )($785(6 9,'(2 3+2726 / ,9( 5(9,(:6 $/ %80 5(9,(:6 )2580 %$1'6

68 1 ' $< $8 *8 67 _ %< / 2$1 , $50$1

ȱ ȱ ȱ

68%6& 5, %( 72 285 0 $, / , 1 * / , 67 ( 0$, / $' ' 5( 66

3PRL

:OHYL )L [OL MPYZ[ VM `V\Y MYPLUKZ [V SPRL [OPZ

ȱ ȱ ȱ ¢ȱ ȱ ȱ ǯȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱȇ ȇȱ ǰȱ ȱ ȇ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǰȱ ǯ ȱ ȱ ȱ ȱ ȱŗřǰȱŘŖŗřȱ ȱ ȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǯȱ ȇ ȱ ȱ ¡ ȱ ȱ ȱ ȱ ȱ ȱ ¢ǰȱ ȱ ȱ ȱ ǰȱ ȱ ȱ ȱ £ ǰȱ ȱ ¢ ȱ ȱ ȱ ȱ ȱ ǯȱ ȱ ȱ Ȃ ȱ Ǳȱ ȱ ȱ Ȃ ȱ ȱ Ȭ ȱ Ǳȱ ǯ ȱ ȱ ȱ ¢ȱ ȱ ȱ ȱȬȱ ȱ ȱȇ ȇ ȱ ȱ ȱ ǰȱȇ ȱ ȇǯ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ǯ ȱ ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¡ ȱ ǯ ȱ ȱ ȱ ȱ ¢ȱŗśȱ ȱş ȱ ȱ ǯ ȱ ȱŗşȱ ȱȬȱ ¢ ȱ ¢ȱŘŖȱ ȱȬȱ ȇ ǰȱ ȱ ¢ȱřȱ ȱȬȱ ȱ ǰȱ ¢ȱŚȱ ȱȬȱ ȱ ǰȱ ¢ ¢ ¢ȱśȱ ȱȬȱ ǰȱ ¢ ¢ȱŗŗȱ ȱȬȱ ȱ ¢ ǰȱ ȱ ¢ȱŗŝȱ ȱȬȱ ȱ ǰȱ ¢ȱŗşȱ ȱȬȱ ȱ ǰȱ ¢ ȱŘŜȱ ȱȬȱ ȱ ǰȱ Șȱ ¢ȱ ȱ ȱ

3PRL )L [OL MPYZ[ VM `V\Y MYPLUKZ [V SPRL [OPZ

) 2/ / 2: 7+( ' :$5) 21 ) $& ( %22. /LNH

6KDUH SHRSOH OLNH WKLV

6XEVFULEH

%LJ 'D\ 2XW

ĸ 7YL]PV\Z 5L_[ ĺ

B5L^ZD 4(5;9( 9,3,(:,: 5,> :05.3, (5+ ;6<9: 7VZ[LK VU 1\S` I` HKTPU · 5V *VTTLU[Z Ļ

-VSSV^PUN VU MYVT YHKPV HU[OLT º3V\KTV\[O» 4LSIV\YUL YHWWLY 4HU[YH OHZ KYVWWLK [OL LTV[PVUHSS` OLH]` º)YLHR ;YHKP[PVU» ¶ [OL ZLJVUK ZPUNSL MYVT OPZ MVY[OJVTPUN HSI\T ;LSSPUN :JLULZ +\L MVY YLSLHZL PU :LW[LTILY ;LSSPUN :JLULZ PZ HU HSI\T PU [OL TVZ[ JYLH[P]L ZLUZL! UV[ Q\Z[ H JVSSLJ[PVU VM ZVUNZ I\[ HU L_WLYPLUJL [OH[ [HRLZ P[Z SPZ[LULY VU H QV\YUL` (Z VUL WHY[ VM [OPZ QV\YUL` )YLHR ;YHKP[PVU YLWYLZLU[Z H ZPKL VM 4HU[YH ]LY` JSVZL [V OPZ OLHY[ <ZPUN KL_[LYV\Z YO`TLZ [V \UMVSK Z[HYR HUK SP[LYHS UHYYH[P]LZ 4HU[YH KLS]LZ PU[V [OL J`JSL VM ]PVSLUJL [OH[ ZLLZ [OL LUKSLZZ JOHPU VM VUL WLYZVU WHZZPUN [OLPY HI\ZL VU [V [OL UL_[ \U[PS ZVTLVUL THRLZ [OL JVUZJPV\Z KLJPZPVU [V KPZPUOLYP[ P[ ;V IYLHR [OL [YHKP[PVU >OL[OLY MH[L VY H ZLSM M\SMPSSPUN WYVWOLJ` 4HU[YH RUL^ )YLHR ;YHKP[PVU^HZ NVPUN [V IL ZVTL[OPUN ZWLJPHS L]LU ILMVYL OL ^YV[L P[ 3PZ[LUPUN [OYV\NO H JH[HSVN\L VM ILH[Z I` YPZPUN WYVK\JLY *HT )S\MM VUL PU WHY[PJ\SHY Q\TWLK V\[ H[ 4HU[YH PUZ[HU[S` YLZVUH[PUN ^P[O OPT VU H KLLW SL]LS /L RUL^ OL OHK [V W\[ ZVTL[OPUN OLHY[MLS[ VU [VW VM P[ )` [OL [PTL [OL ZVUN ^HZ JVTWSL[L 4HU[YH OHK \UMVSKLK ZVTL VM [OL ILZ[ YO`TLZ VM OPZ JHYLLY HKKLK [OL T\S[P SH`LYLK ]VJHSZ VM

4LSIV\YULÂ»Z 4HZZP]L OPW OVW JOVPY HUK JHWWLK L]LY`[OPUN VMM ^P[O H Z\P[HIS` NYHUK JOVY\Z JV\Y[LZ` VM *PZJV ;H]HYLZ 7V^LYM\S HUK YLSH[HISL )YLHR ;YHKP[PVU OHK L]VS]LK PU[V VUL VM 4HU[YHÂ»Z ILZ[ ZVUNZ HUK OHK TVYL [OHU LHYULK P[Z WSHJL VU OPZ HTIP[PV\Z UL^ HSI\T (Z H JH]HSJHKL VM [OPZ JHSPILY VM ZVUN Âº;LSSPUN :JLULZÂ» JVUMPKLU[S` W\ZOLZ [OL IV\UKHYPLZ VM OPW OVW HUUV\UJPUN PU UV \UJLY[HPU [LYTZ [OH[ 4HU[YH OHZ YLHJOLK [OL UL_[ SL]LS VM OPZ JYHM[

;V\YPUN (\N\Z[ :LW[LTILY HUK 6J[VILY ^P[O :L[O :LU[Y` (\N Â¶ <UPVU 1HJR *HPYUZ (\N Â¶ ;OL =LU\L ;V^UZ]PSSL (\N Â¶ 4V]PKHZ 4HJRH` (\N Â¶ :\NHYSHUK ;H]LYU )\UKHILYN (\N Â¶ :WV[[LK *V^ ;VV^VVTIH (\N Â¶ ;OL 5VY[OLYU )`YVU )H` (\N Â¶ *VVSHUNH[[H /V[LS *VVSHUNH[[H (\N Â¶ /VL` 4VL` *VMMZ /HYIV\Y (\N Â¶ *HTIYPKNL /V[LS 5L^JHZ[SL (\N Â¶ ,U[YHUJL 3LHN\LZ *S\I )H[LH\ )H` (\N Â¶ >H]LZ >VSSVUNVUN (\N Â¶ APLYOVSa *HUILYYH (\N Â¶ )SHJR :^HU /V[LS )LUKPNV (\N Â¶ 2HYV]H 3V\UNL )HSSHYH[ :LW Â¶ >LZ[LYU 7VPU[ :HU 9LTV :LW Â¶ >VVS ,_JOHUNL .LLSVUN :LW Â¶ :W\YZ +L]VUWVY[ :LW Â¶ (SJOLT` 3H\UJLZ[VU :LW Â¶ /V[LS :VOV /VIHY[ :LW Â¶ 1\KKÂ»Z /V[LS 2HSNVVYSPL :LW Â¶ 7PLY /V[LS ,ZWLYHUJL :LW Â¶ 7YPUJL VM >HSLZ )\UI\Y` :LW Â¶ 7SH`LYZ )HY 4HUK\YHO 6J[ Â¶ *VVSHUNH[[H /V[LS *VVSHUNH[[H

9LSH[LK WVZ[Z!

/VTL

5L^Z

º:WV[SPNO[ 6U» (Y[PZ[

9L]PL^Z

0U[LY]PL^Z

.P]LH^H`Z

=PKLVZ

.PN .\PKL

*VU[YPI\[VYZ

*VU[HJ[

:WV[PM` 7SH`SPZ[Z

B5L^ZD 4(5;9( (556<5*,: (3)<4 ;6<9 7VZ[LK VU (\N\Z[ I` HKTPU ·

4(5;9( OHZ HUUV\UJLK H UH[PVUHS HSI\T [V\Y [V SH\UJO OPZ \WJVTPUN YLSLHZL HUK [OPYK Z[\KPV HSI\T ;LSSPUN :JLULZ VU :LW[LTILY [OYV\NO ;LU ;V ;^V 9LJVYKZ 1VPUPUN 4(5;9( VU ZLSLJ[ KH[LZ PZ 4LSIV\YUL»Z .9,@ ./6:; ¶ [PJRL[Z ^PSS NV VU ZHSL ;O\YZKH` (\N\Z[ (4 ;LSSPUN :JLULZ PZ HU HSI\T PU [OL TVZ[ JYLH[P]L ZLUZL! UV[ Q\Z[ H JVSSLJ[PVU VM ZVUNZ I\[ HU L_WLYPLUJL [OH[ [HRLZ P[Z SPZ[LULY VU H QV\YUL` >P[O P[Z LTV[PVUHS UHYYH[P]LZ \UWYLKPJ[HISL [^PZ[Z HUK HTHaPUN JHZ[ [OL HSI\T WSH`Z V\[ SPRL H NYLH[ TV]PL 0U [OL KPYLJ[VY»Z JOHPY! VUL VM (\Z[YHSPH»Z ILZ[ HUK TVZ[ YLZWLJ[LK YHWWLYZ

;LSSPUN :JLULZ OHZ HSYLHK` ZWH^ULK [^V Z\JJLZZM\S ZPUNSLZ ¶ YHKPV HU[OLT º3V\KTV\[O» HUK [OL KHYRLY º)YLHR ;YHKP[PVU» ¶ I\[ P[ PZ [OL HSI\T HZ H ^OVSL [OH[ ILZ[ ZOV^JHZLZ OV^ OPNO 4(5;9( OHZ YHPZLK [OL IHY ,WPJ HUK WYVKPNPV\Z ;LSSPUN :JLULZ OHZ KLSP]LYLK 4(5;9( Z[YHPNO[ PU[V [OL \WWLY LJOLSVUZ VM OPZ JYHM[ *H[JO 4(5;9( HZ OL WLYMVYTZ HYV\UK [OL JV\U[Y` [OPZ :LW[LTILY HUK 6J[VILY (SS ZOV^Z HYL M\SS [V\Y KH[LZ ILSV^

4(5;9( ;,3305. :*,5,: (3)<4 3(<5*/ ;6<9 :,7;,4),9 Â¶ 6*;6),9 .9,@ ./6:; ^PSS IL QVPUPUN 4(5;9( PU >( 83+ :(

;0*2,;: 65 :(3, ;/<9:+(@ (<.<:; (4

;/<9:+(@ :,7 Â¶ -3@90;, 7,9;/ Â¶ -90+(@ :,7 Â¶ 4616Â»Z -9,4(5;3, Â¶ ;/<9:+(@ 6*; Â¶ .9,(; 569;/,95 5,>*(:;3, Â¶ -90+(@ 6*; Â¶ (55(5+(3, /6;,3 :@+5,@ Â¶ :(;<9+(@ 6*; Â¶ ),(*/*64),9 ;6<23,@ Â¶ -90+(@ 6*; Â¶ ;/, ,=,3@5 4,3)6<95, Â¶ ;/<9:+(@ 6*; Â¶ ;,476 /6;,3 )90:)(5, Â¶ :(; 6*; Â¶ :63 )(9 4(966*/@+69, Â¶ :(; 6*; Â¶ ,+ *(:;3, (+,3(0+, Â¶ .YL` .OVZ[ UV[ HWWLHYPUN

9LSH[LK WVZ[Z!

B5L^ZD 4(5;9( 9,3,(:,: 5,> :05.3, (5+ ;6<9:

B3P]L 9L]PL^D :,;/ :,5;9@

:OHYL!

;OPZ LU[Y` ^HZ WVZ[LK PU 5L^Z HUK [HNNLK 4HU[YH I` HKTPU )VVRTHYR [OL WLYTHSPUR BO[[W! ^^^ YL]LYIZ[YLL[WYLZZ JVT VUSPUL UL^Z THU[YH HUUV\UJLZ HSI\T [V\Y D

1HZV )HDWXUHV 5HYLHZV 3KRWRV 6OLGHVKRZV 0L[WDSH 9LGHR )UHH 6KLW

(YHQWV

5HFRPPHQGV

.LQJV 2I /HRQ 6XUSULVH $XVVLH 6KRZ $QQRXQFHG

&RQWULEXWH

$GYHUWLVH :LWK 8V

&RQWDFW

5HIRUPHG :ROIPRWKHU 3OD\LQJ )UHH $XVVLH *LJ :RUNLQJ 2Q 1HZ $OEXP

1HZ 7RXUV 0DQWUD 7KH 'HOWD 5LJJV .DWFKDILUH +HOOLRQV 071V 0RUH :ULWWHQ E\ $O 1HZVWHDG RQ $XJXVW 7KHUHÂ¶V DOZD\V SOHQW\ RI FRQFHUWV DQG JLJV IRU OLYH PXVLF ORYHUV WR VHH DOO DURXQG $XVWUDOLD *HW DOO WKH ODWHVW LQIR RQ GDWHV YHQXHV DQG WLFNHWV IRU DQQRXQFHG XSFRPLQJ WRXUV IURP 0DQWUD 7KH 'HOWD 5LJJV .DWFKDILUH +HOOLRQV 0716 DQG D 6\ULDQ 5HIXJHH %HQHILW &RQFHUW

0DQWUD $XVWUDOLDQ 7RXU

3PRL

5HODWHG WR &RPPRQ .LQJV *UH\ *KRVW +HOOLRQV .DWFKDILUH 0DQWUD 7KH 'HOWD 5LJJV 0RUH %DQGV )RU :DUSHG 7RXU /LQHXS

2QH RI WKH FRXQWU\Â¶V PRVW UHVSHFWHG UDSSHUV $XVVLH 0& 0DQWUD KDV DQQRXQFHG D QDWLRQDO DOEXP WRXU WR ODXQFK KLV XSFRPLQJ UHOHDVH DQG WKLUG VWXGLR DOEXP 7HOOLQJ 6FHQHV RQ WK 6HSWHPEHU WKURXJK 7HQ 7R 7ZR 5HFRUGV -RLQLQJ 0DQWUD RQ VHOHFW GDWHV LV 0HOERXUQHÂ¶V *UH\ *KRVW &DWFK 0DQWUD DV KH SHUIRUPV DURXQG WKH FRXQWU\ WKLV 6HSWHPEHU DQG 2FWREHU $OO VKRZV DUH

0RUH

*5(< *+267 ZLOO EH MRLQLQJ 0$175$ LQ :$ 4/' 6$ 7,&.(76 21 6$/( 7+856'$< $8*867 $0

)RU $XVWUDOLDQ 0XVLF

)DOOV )HVWLYDO /LQHXS ([SDQGV $GGV 0RUH %DQGV 1HZ 7RXUV 7KH 0XUORFV 0LNDO &URQLQ 0L[ 0DVWHU 0LNH 6RPHWKLQJ )RU .DWH 1<( 6KRZ

0RUH 2I <RXU )DYRXULWH $UWLVWV 8S 3UL]H

7+856'$< 6(3 Â± )/<5,7( 3(57+ Â± )5,'$< 6(3 Â± 02-2Â¶V )5(0$17/( Â± 7+856'$< 2&7 Â± *5($7 1257+(51 1(:&$67/( Â± )5,'$< 2&7 Â± $11$1'$/( +27(/ 6<'1(< Â± 6$785'$< 2&7 Â± %($&+&20%(5 728./(< Â± )5,'$< 2&7 Â± 7+( (9(/<1 0(/%2851( Â± 7+856'$< 2&7 Â± 7(032 +27(/ %5,6%$1( Â± 6$7 2&7 Â± 62/ %$5 0$522&+<'25( Â± 6$7 2&7 Â± (' &$67/( $'(/$,'( Â± *UH\ *KRVW QRW DSSHDULQJ

.DW\ 3HUU\ $OEXP 'HFODUHG $ %LRKD]DUG %\ $XVWUDOLDQ *RYHUQPHQW

0$175$ 72 7285 $8675$/,$ :,7+ 1(: $/%80 $XJXVW SP Â³ /DUHHVD 5\DQ

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

7RXU GHWDLOV DUH DV IROORZV 7+856'$< 6(37(0%(5 Â² )/<5,7( 3(57+ )5,'$< 6(37(0%(5 Â² 02-2Â·V )5(0$17/( 7+856'$< 2&72%(5 Â² *5($7 1257+(51 1(:&$67/( )5,'$< 2&72%(5 Â² $11$1'$/( +27(/ 6<'1(< 6$785'$< 2&72%(5 Â² %($&+&20%(5 728./(< )5,'$< 2&72%(5 Â² 7+( (9(/<1 0(/%2851( 7+856'$< 2&72%(5 Â² 7(032 +27(/ %5,6%$1(

6$7 2&72%(5 Â² 62/ %$5 0$522&+<'25( 6$7 2&72%(5 Â² (' &$67/( $'(/$,'( *UH\ *KRVW QRW DSSHDULQJ

3PRL WLVWSL SPRL [OPZ 5HDG 0DJ /DWHVW ,VVXX )HHG ,WHP

$GYHUWLVH 0DLOWR NULV#)XUVWPHGLD &RP $X"6XEMHFW $GYHUWLVLQJ (QTXLU\ &RQWDFW &RQWHQW &RQWDFW 8V

6LJQ XS WR RXU ZHHNO\ QHZVOHWWHU

+RPH

0XVLF 6HFWLRQ 0XVLF $OO $OO

)UHH 6KLW )UHH 6KLW 2SHQ

-REV -REV

$UWV 6HFWLRQ $UWV $OO $OO

*LJ *XLGH *LJ *XLGH

)HVWLYDOV $UFKLYH )HVWLYDOV $OO $OO

9HQXHV 9HQXHV $OO

%HDW79 +WWS :ZZ %HDW &RP $X 7Y 6HDUFK 6QDSV 6QDSV

'LVFXVVLRQ 'LVFXVVLRQ

<RX DUH QRW ORJJHG LQ /RJLQ KWWS ZZZ EHDW FRP DX XVHU _ 5HJLVWHU KWWS ZZZ EHDW FRP DX XVHU UHJLVWHU

)($785(' $57,&/(6

%5($.,1* 1(:6

PXVLF VWHHO SDQWKHU

)HDWXUHG ,QWHUYLHZ

PXVLF KLJK WHQVLRQ

FRQWHQW MXVWLQ YDQ GHU

FROOLQJZRRG

YROJHQ

PXVLF VWHHO SDQWKHU

6LQJOH 2I 7KH :HHN

PXVLF EHOOUD\V

)HDWXUHG ,QWHUYLHZ

PXVLF EHOOUD\V

7KH %HO O 5 D \V P XV LF E HO O UD \V

PXVLF KLJK WHQVLRQ

FRQWHQW MXVWLQ YDQ

6W HHO 3D QW KHU P XV LF V W HHO S D QW KHU

FROOLQJZRRG

GHU YROJHQ

+LJK 7HQV LR Q &R O O LQJZ R R G P XV LF KLJK W HQV LR Q FR O O LQJZ R R G

- XV W LQ 9D Q 'HU 9R O JHQ FR QW HQW M XV W LQ YD Q GHU YR O JHQ

$// 1(:6 { $5&+,9( $// 1(:6 $//

2NNHUYLO 5LYHU 0HOERXUQH 6KRZ PXVLF RNNHUYLO ULYHU PHOERXUQH VKRZ

KRXU DJR -XOLD +ROWHU $QQRXQFHV $XVWUDOLDQ PXVLF MXOLD KROWHU DQQRXQFHV DXVWUDOLDQ WRXU

KRXU DJR 4XHHQVFOLII 0XVLF )HVWLYDO $QQRXQFH PXVLF TXHHQVFOLII PXVLF IHVWLYDO DQQRXQFH PLGQLJKW RLO WULEXWH VKRZ ILQDO DFWV

KRXUV DJR :LUH $QQRXQFH $XVWUDOLDQ 7RXU )RU PXVLF ZLUH DQQRXQFH DXVWUDOLDQ WRXU

KRXUV DJR 6RXQGZDYH 6HFRQG $QQRXQFHPHQW IHVWLYDOV VRXQGZDYH VHFRQG DQQRXQFHPHQW

KRXUV DJR )OXWH DQG 7LPSDQL 0DVWHU &ODVVHV ZLWK DUWV IOXWH WLPSDQL PDVWHU FODVVHV HPLO\ EH\QRQ QLFN ZRXG

KRXUV DJR 0HWRQRLD 7KHDWUH 3UHVHQW 7KH 'XPE :DLWHU DUWV PHWRQRLD WKHDWUH SUHVHQW GXPE ZDLWHU

KRXUV DJR $&0, 3UHVHQW 0XVFOH 6KRDOV DUWV DFPL SUHVHQW PXVFOH VKRDOV

KRXUV DJR 7KH .9% $QQRXQFH 6SHFLDO 2QH 2II 6KRZ PXVLF NYE DQQRXQFH VSHFLDO RQH VKRZ

GD\ DJR :DQJDUDWWD -D]] %OXHV DQG PXVLF ZDQJDUDWWD MD]] EOXHV PHOERXUQH IHVWLYDO VHW EUHDN ER[ RIILFH UHFRUGV

GD\ DJR

0DQWUD $QQRXQFHV $OEXP 7RXU XVHUV W\VRQ

7<621 :5$< 86(56 7<621 -RLQHG WK 6HSWHPEHU /DVW VHHQ WK 1RYHPEHU

3PRL

0DQWUD KDV DQQRXQFHG D QDWLRQDO WRXU LQ FHOHEUDWLRQ RI KLV XSFRPLQJ WKLUG VWXGLR DOEXP 7HOOLQJ 6FHQHV 7HOOLQJ 6FHQHV LV DQ DOEXP LQ WKH PRVW FUHDWLYH VHQVH QRW MXVW D FROOHFWLRQ RI VRQJV EXW DQ H[SHULHQFH WKDW WDNHV LWV OLVWHQHU RQ D MRXUQH\ 6XSSRUW ZLOO FRPH IURP *UH\ *KRVW

0DQWUD KWWS ZZZ PDQWUDHPFHH FRP ZLOO KLW 7KH (YHO\Q RQ )ULGD\ 2FWREHU 0$175$ &$7(*25< 7$*6 0$175$

/RJLQ XVHU ORJLQ"GHVWLQDWLRQ QRGH ) FRPPHQW

*,* 2) 7+( '$<

JLJ FRXUWQH\ EDUQHWW

IRUP RU UHJLVWHU XVHU UHJLVWHU" GHVWLQDWLRQ QRGH ) FRPPHQW IRUP WR SRVW FRPPHQWV

$// *,*6 { *,* *8,'(

7+ 2) 129(0%(5 30

&RXUWQH\ %DUQHWW +WWS :ZZ %HDW &RP $X *LJ &RXUWQH\ %DUQHWW

7KH 6KDGRZ (OHFWULF %DQGURRP YHQXH VKDGRZ HOHFWULF EDQGURRP PHOERXUQH VW KHOLHUV VWUHHW

',6&866,21

&RPPHQWV PXVLF PDQWUD DQQRXQFHV DOEXP WRXU"TXLFNWDEVB 7RSLFV PXVLF PDQWUD DQQRXQFHV DOEXP WRXU"TXLFNWDEVB )UHHVKLW PXVLF PDQWUD DQQRXQFHV DOEXP WRXU"TXLFN 7ZHHWV PXVLF PDQWUD DQQRXQFHV DOE TXLFNWDEV

TXLFN

YHQXH HYHO\Q KRWHO ILW]UR\ EUXQVZLFN VW

(YHO\Q +RWHO YHQXH HYHO\Q KRWHO ILW]UR\ EUXQVZLFN VW

%UXQVZLFN 6W )LW]UR\ 6HH PDS *RRJOH 0DSV KWWS PDSV JRRJOH FRP" T %UXQVZLFN 6W & )LW]UR\ & 9,& & & DX

2EHVH 5HFRUGV <HDU $QQLYHUVDU\ %ORFN 3DUW\ FRQWHQW REHVH UHFRUGV \HDU DQQLYHUVDU\ EORFN SDUW\

YLHZV FRPPHQWV :RUGV 1RW :HDSRQV PXVLF ZRUGV QRW ZHDSRQV

YLHZV FRPPHQWV 0DQWUD FRQWHQW PDQWUD

YLHZV FRPPHQWV

&DLWOLQ (OL]DEHWK XVHUV FDLWOLQ HOL]DEHWK FRPPHQWHG RQ :KLWOH\ # +RZOHU PXVLF ZKLWOH\ KRZOHU XVHUV FDLWOLQ HOL]DEHWK

ZHHNV GD\ DJR $V D IDQ RI :KLWOH\ IRU DV ORQJ DV , FDQ UHPHPEHU , P DOZD\V VSHHFKOHVV DV WR KLV SUHVHQFH RQ 0DUN 6HDWRQ XVHUV PDUN VHDWRQ

FRPPHQWHG RQ 7KH &XOW # )HVWLYDO +DOO PXVLF FXOW IHVWLYDO KDOO XVHUV PDUN VHDWRQ

ZHHNV GD\V DJR /HIW KDOI ZD\ WKURXJK ,DQ ZDV WHUULEOH PL[ DSSDOOLQJ 0\ ILUVW HYHU ZDONRXW ,W ZDV JDUEDJH 'DQ :DWW XVHUV GDQZDWW FRPPHQWHG RQ /LVWHQ 2XW # 5R\DO %RWDQLF *DUGHQV PXVLF OLVWHQ RXW UR\DO XVHUV GDQZDWW

ERWDQLF JDUGHQV ZHHNV GD\V DJR

6KRZLQJ HYHQWV IRU $OO RI $XVWUDOLD

&RXOGQ W ORDG SOXJ LQ

+20(

:+$7 6 21

1(:6

(QWHU DUWLVW HYHQW RU YHQXH QDPH

*$//(5<

9(18(6

6($5&+

0DQWUD /DXQFKHV 7HOOLQJ 6FHQHV : 6SHFLDO *XHVWV SP )UL WK 2FWREHU (YHO\Q +RWHO 0HOERXUQH 9,& 6KDUH

%8< 7,&.(76 7KLV HYHQW KDV SDVVHG DQG VDOHV DUH QRZ FORVHG

(9(17 '(7$,/6 0$175$ KDV DQQRXQFHG D QDWLRQDO DOEXP WRXU WR ODXQFK KLV XSFRPLQJ UHOHDVH DQG WKLUG VWXGLR DOEXP 7HOOLQJ 6FHQHV RQ 6HSWHPEHU WKURXJK 7HQ 7R 7ZR 5HFRUGV -RLQLQJ 0DQWUD RQ VHOHFW GDWHV LV 0HOERXUQHÂ¶V *UH\ *KRVW 7HOOLQJ 6FHQHV LV DQ DOEXP LQ WKH PRVW FUHDWLYH VHQVH QRW MXVW D FROOHFWLRQ RI VRQJV EXW DQ H[SHULHQFH WKDW WDNHV LWV OLVWHQHU RQ D MRXUQH\ :LWK LWV HPRWLRQDO QDUUDWLYHV XQSUHGLFWDEOH WZLVWV DQG DPD]LQJ FDVW WKH DOEXP SOD\V RXW OLNH D JUHDW PRYLH ,Q WKH GLUHFWRUÂ¶V FKDLU RQH RI $XVWUDOLDÂ¶V EHVW DQG PRVW UHVSHFWHG UDSSHUV 7HOOLQJ 6FHQHV KDV DOUHDG\ VSDZQHG WZR VXFFHVVIXO VLQJOHV UDGLR DQWKHP /RXGPRXWK DQG WKH GDUNHU Âµ%UHDN 7UDGLWLRQÂ¶ Â±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

6833257

-2,1 6,*1 ,1

4HU[YH Â¶ Âº;LSSPUN :JLULZÂ» ;YHJR )` ;YHJR 3RVWHG E\ -LP 6WHSV$XJXVW )ROORZLQJ RQ IURP UDGLR DQWKHP /RXGPRXWK 0HOERXUQH UDSSHU 0DQWUD KDV GURSSHG WKH HPRWLRQDOO\ KHDY\ %UHDN 7UDGLWLRQ Â² WKH VHFRQG VLQJOH IURP KLV IRUWKFRPLQJ DOEXP 7HOOLQJ 6FHQHV

KWWS DOODXVVLHKLSKRS ILOHV ZRUGSUHVV FRP PDQWUDBDOEXPWRXUSRVWHU MSJ

'XH IRU UHOHDVH LQ 6HSWHPEHU 7HOOLQJ 6FHQHV LV DQ DOEXP LQ WKH PRVW FUHDWLYH VHQVH QRW MXVW D FROOHFWLRQ RI VRQJV EXW DQ H[SHULHQFH WKDW WDNHV LWV OLVWHQHU RQ D MRXUQH\ $V RQH SDUW RI WKLV MRXUQH\ %UHDN 7UDGLWLRQ UHSUHVHQWV D VLGH RI 0DQWUD YHU\ FORVH WR KLV KHDUW 8VLQJ GH[WHURXV

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

%\ WKH WLPH WKH VRQJ ZDV FRPSOHWH 0DQWUD KDG XQIROGHG VRPH RI WKH EHVW UK\PHV RI KLV FDUHHU DGGHG WKH PXOWL OD\HUHG YRFDOV RI 0HOERXUQHÂ·V 0DVVLYH KLS KRS FKRLU DQG FDSSHG HYHU\WKLQJ RII ZLWK D VXLWDEO\ JUDQG FKRUXV FRXUWHV\ RI &LVFR 7DYDUHV 3RZHUIXO DQG UHODWDEOH %UHDN 7UDGLWLRQ KDG HYROYHG LQWR RQH RI 0DQWUDÂ·V EHVW VRQJV DQG KDG PRUH WKDQ HDUQHG LWV SODFH RQ KLV DPELWLRXV QHZ DOEXP $V D FDYDOFDGH RI WKLV FDOLEHU RI VRQJ 7HOOLQJ 6FHQHV FRQILGHQWO\ SXVKHV WKH ERXQGDULHV RI KLS KRS DQQRXQFLQJ LQ QR XQFHUWDLQ WHUPV WKDW 0DQWUD KDV UHDFKHG WKH QH[W OHYHO RI KLV FUDIW

0DQWUD KDV MXVW DQQRXQFHG D QDWLRQDO DOEXP WRXU WR ODXQFK KLV XSFRPLQJ UHOHDVH DQG WKLUG VWXGLR DOEXP 7HOOLQJ 6FHQHV RQ 6HSWHPEHU WKURXJK 7HQ 7R 7ZR 5HFRUGV -RLQLQJ 0DQWUD RQ VHOHFW GDWHV LV 0HOERXUQHÂ·V *UH\ *KRVW Â² WLFNHWV ZLOO JR RQ VDOH 7KXUVGD\ $XJXVW $0 7HOOLQJ 6FHQHV LV DQ DOEXP LQ WKH PRVW FUHDWLYH VHQVH QRW MXVW D FROOHFWLRQ RI VRQJV EXW DQ H[SHULHQFH WKDW WDNHV LWV OLVWHQHU RQ D MRXUQH\ :LWK LWV HPRWLRQDO QDUUDWLYHV XQSUHGLFWDEOH WZLVWV DQG DPD]LQJ FDVW WKH DOEXP SOD\V RXW OLNH D JUHDW PRYLH ,Q WKH GLUHFWRUÂ·V FKDLU RQH RI $XVWUDOLDÂ·V EHVW DQG PRVW UHVSHFWHG UDSSHUV

7HOOLQJ 6FHQHV KDV DOUHDG\ VSDZQHG WZR VXFFHVVIXO VLQJOHV Â² UDGLR DQWKHP /RXGPRXWK DQG WKH GDUNHU %UHDN 7UDGLWLRQ Â² EXW LW LV WKH DOEXP DV D ZKROH WKDW EHVW VKRZFDVHV KRZ KLJK 0DQWUD KDV UDLVHG WKH EDU (SLF DQG SURGLJLRXV 7HOOLQJ 6FHQHV KDV GHOLYHUHG 0DQWUD VWUDLJKW LQWR WKH XSSHU HFKHORQV RI KLV FUDIW &DWFK 0DQWUD DV KH SHUIRUPV DURXQG WKH FRXQWU\ WKLV 6HSWHPEHU DQG 2FWREHU $OO VKRZV DUH IRU IXOO WRXU GDWHV FKHFN DERYH 7UDFN /LVWLQJ 6FHQH 2QH ,QWURGXFWLRQ

/HDUQ <RXU /DQJXDJH (QHUJ\ )HDW *UH\ *KRVW 3URPRH 7KH )HDU 4XLFNVLOYHU )HDW 6LPRQH 3DJH -RQHV /RXGPRXWK 7HOOLQJ 6FHQHV %DED )HDW $OLD *DEUHV ,QWHUOXGH

%DE\ *LUO )HDW .\OLH $XOGLVW %UHDN 7UDGLWLRQ )HDW &LVFR 7DYDUHV :KRÂ·V <RXU )DYRXULWH 5DSSHU 6NLW

3HUIHFW &ULPH )HDW ORXLV ORJLF 'U 7UHPEDWK 0HHWV 3URIHVVRU 9RQ +RUQ 6NLW

7KH ([SHULPHQW )HDW 7RP 7KXP )LJKWLQJ $V 7KH 6XQ *RHV 'RZQ

0$175$ 0&

:j]Yc LjY\alagf ^]Yl& ;ak[g LYnYj]k!

6KDUH

2IILFLDO KWWS PDQWUDHPFHH FRP __ )DFHERRN KWWSV ZZZ IDFHERRN FRP PDQWUDKLSKRS __ 7ZLWWHU KWWSV WZLWWHU FRP PDQWUDBPF

__ 3UH 2UGHU 3DFNDJHV KWWS PDQWUD WHQWRWZRUHFRUGV FRP

KWWSV LWXQHV DSSOH FRP DX DOEXP WHOOLQJ VFHQHV LG

3RVWHG LQ DOODXVVLH KLS KRS PXVLF DOODXVVLH KLS KRS QHZV 7HQ 7R 7ZR 5HFRUGV7DJJHG %UHDN 7UDGLWLRQ &DP %OXII *UH\ *KRVW +LS +RS /RXGPRXWK 0DQWUD 3URPRH 7HOOLQJ 6FHQHV 7HQ 7R 7ZR 5HFRUGV3HUPDOLQN/HDYH D FRPPHQW %ORJ DW :RUG3UHVV FRP 7KH &ROXPQLVW 7KHPH

+RPH

&211(&7

+20(

086,&

),/0

,1 7+( 6327/,*+7

/*%7

086,& 9,'(26 0(',$

),/0 75$,/(56 0(',$

6HDUFK +HUH

6($5&+

$%287 86 >OV >L (YL *VU[HJ[ 4LL[ ;OL ;LHT *VU[YPI\[L

/$7(67 7:((76 ;^LL[Z

0$175$ $11281&( 1$7,21$/ $/%80 7285 $86

7\ISPZOLK 6U (\N\Z[ c )` *SHYL (YTZ[YVUN c 4\ZPJ 5L^Z 5L^Z 4HU[YH OHZ HUUV\UJLK H UH[PVUHS HSI\T [V\Y [V SH\UJO OPZ \WJVTPUN YLSLHZL HUK [OPYK Z[\KPV HSI\T ;LSSPUN :JLULZ VU :LW[LTILY 1VPUPUN 4HU[YH VU ZLSLJ[ KH[LZ PZ 4LSIV\YULÂ»Z .YL` .OVZ[

-VSSV^ '9LUV^ULK :V\UK

9LUV^ULK-VY:V\UK

'9LUV^ULK :V\UK

:05.3, 9,=0,>! 3L[4L.V I` SLNLUKHY` '.HY`)HYSV^ PZ UPJL LUV\NO Â¶ :;(9: ';HRL;OH[ _MHJ[VY 'WVS`KVYYLJVYKZ IP[ S` /4Q0KR

;LSSPUN :JLULZ PZ HU HSI\T PU [OL TVZ[ JYLH[P]L ZLUZL! UV[ Q\Z[ H JVSSLJ[PVU VM ZVUNZ I\[ HU L_WLYPLUJL [OH[ [HRLZ P[Z SPZ[LULY VU H QV\YUL` >P[O P[Z LTV[PVUHS UHYYH[P]LZ \UWYLKPJ[HISL [^PZ[Z HUK HTHaPUN JHZ[ [OL HSI\T WSH`Z V\[ SPRL H

9LUV^ULK-VY:V\UK

'9LUV^ULK :V\UK

9L]PL^! ':\ZHU)V`SL/8 OHZ H UL^ *OYPZ[THZ YLJVYK OVTLMVYJOYPZ[THZ IP[ S` P6R([< ':VU`4\ZPJ(< ':VU`4\ZPJ.SVIHS

:LW Â¶ -S`YP[L 7LY[O

,_WHUK

NYLH[ TV]PL 0U [OL KPYLJ[VYÂ»Z JOHPY! VUL VM (\Z[YHSPHÂ»Z ILZ[ HUK TVZ[ YLZWLJ[LK YHWWLYZ ;V\Y +H[LZ!

:LW Â¶ 4VQVÂ»Z -YLTHU[SL

9LUV^ULK-VY:V\UK

6J[ Â¶ .YLH[ 5VY[OLYU 5L^JHZ[SL

9LUV^ULK-VY:V\UK YL]PL^Z UL^ 5V]LTILY 3.); YLSLHZL 4VUZ[LY7PLZ Z[HYYPUN ')HYY;YPZ[HU IP[ S` /0Y H4 ';3(9LSLHZPUN

6J[ Â¶ )LHJOJVTILY ;V\RSL` 6J[ Â¶ ;OL ,]LS`U 4LSIV\YUL 6J[ Â¶ ;LTWV /V[LS )YPZIHUL 6J[ Â¶ :VS )HY 4HYVVJO`KVYL

,_WHUK

6J[ Â¶ ,K *HZ[SL (KLSHPKL

'9LUV^ULK :V\UK

6J[ Â¶ (UUHUKHSL /V[LS :`KUL`

3PRL

$%287 7+( $87+25

9LUV^ULK-VY:V\UK

'9LUV^ULK :V\UK

;^LL[ [V '9LUV^ULK :V\UK

*SHYL (YTZ[YVUN !!! JV]LYPUN [OL SH[LZ[ UL^Z VU 9LUV^ULK-VY:V\UK JVT

/$7(67 086,& 9,'(26 4\ZPJ =PKLV! (ZNLPY Â¶ Âº;VYYLU[Â» 5V]LTILY c *VTTLU[Z

5(/$7(' 3267

4\ZPJ =PKLV! ;` :LNHSS Â¶ Âº;OL 4HU 4HUÂ» 5V]LTILY c *VTTLU[Z

4\ZPJ =PKLV! -HUMHYSV Â¶ Âº(

+RPH

$ERXW $ PXVH <RXUVHOI

&RQWDFW 8V

:H NHHS \RX WDSSHG LQWR WKH FXOWXUDO KDSSHQLQJV DURXQG \RX 0DNH WKH PRVW RI \RXU IUHH WLPH H[SHULHQFLQJ $UW )LOP 0XVLF 3HUIRUPDQFH $UWV

(YHQWV

0RYLHV

0XVLF

1HZV DQG 5HYLHZV

7HOHYLVLRQ

+RPH Âª 0XVLF Âª 0DQWUD 5HOHDVHV 1HZ $OEXP 7HOOLQJ 6FHQHV

0DQWUD 5HOHDVHV 1HZ $OEXP 7HOOLQJ 6FHQHV 0DQWUD UHOHDVHV QHZ DOEXP 7HOOLQJ 6FHQHV LQ D ELJ GD\ IRU $XVVLH +LS +RS 7KLV ODWHVW DOEXP Âµ7HOOLQJ 6FHQHVÂ¶ FRQWDLQV KLV ODWHVW WUDFN Âµ%UHDN 7UDGLWLRQÂ¶ KDYH D OLVWHQ WR LW EHORZ $V RQH RI $XVWUDOLDÂ¶V PRVW WDOHQWHG 0&Â¶V 0DQWUD LV FHPHQWLQJ KLV VWDWXV DV WKH DOEXP 7HOOLQJ 6FHQHV LV DOUHDG\ RII WR D ULSSLQJ VWDUW UDQNLQJ 1R RQ WKH ,WXQHV +LS +RS &KDUWV :LWK WKH UHOHDVH RI KLV QHZ DOEXP 0DQWUD LV DOVR NLFNLQJ RII KLV 7HOOLQJ 6FHQHV $OEXP /DXQFK 7RXU DW WKH HQG RI WKLV PRQWK KHDG RQWR KLV ZHEVLWH 0DQWUD 0FHH IRU PRUH LQIRUPDWLRQ &KHFN RXW %UHDN 7UDGLWLRQ EHORZ RQH RI WKH WUDFNV RII 7HOOLQJ 6FHQHV

VHDUFK

4HU[YH Â¶ )YLHR ;YHKP[PVU 6MMPJPHS =PKLV ;YPSVN` )V_ :L[Z 3RVWHG E\ -LP 6WHSV$XJXVW 7HQ 7R 7ZR 5HFRUGV DUH YHU\ SOHDVHG WR DQQRXQFH WKH UHOHDVH RI 7HOOLQJ 6FHQHV WKH WKLUG LQVWDOPHQW RI 0DQWUDÂ·V 3RZHU RI WKH 6SRNHQ 7ULORJ\ 6SRUWLQJ WKH UDGLR IDYRXULWH /RXGPRXWK DQG HPRWLRQDOO\ KHDY\ %UHDN 7UDGLWLRQ 7HOOLQJ 6FHQHV LV 0DQWUDÂ·V PDJQXP RSXV WKH IHDWKHU LQ KLV FDS

KWWS DOODXVVLHKLSKRS ILOHV ZRUGSUHVV FRP PQWU WVER[XOWLPDWH MSJ

7R FHOHEUDWH WKH 0HOERXUQH UDSSHUÂ·V PLOHVWRQH ZH DUH KDSS\ WR UHOHDVH VRPH H[FOXVLYH DQG YHU\ OLPLWHG LWHPV ILW IRU DQ\ KLS KRS IDQ 7HQ 7R 7ZR DQG 0DQWUD KDYH FDUHIXOO\ VHOHFWHG D EXQFK RI SUH VDOH LWHPV WR FHOHEUDWH WKH UHOHDVH RI WKH QHZ UHFRUG 7KHUH DUH WKH 3RZHU RI WKH 6SRNHQ 7ULORJ\ %R[ VHWV ZKLFK LQFOXGH WKH HQWLUH 0DQWUD EDFN FDWDORJXH DQG Â² IRU WKH ILUVW WLPH HYHU Â² D KDUG FRYHU ERRN ZLWK 0DQWUDÂ·V O\ULFV IURP DOO WKUHH DOEXPV DOO LQ D FRPPHPRUDWLYH ER[

7KHUH·V DOVR D GRXEOH Ȟ YLQ\O LQ JDWHIROG VOHHYH W VKLUW DOEXP SDFNV FRPPHPRUDWLYH 7HOOLQJ 6FHQHV NH\ ULQJV &KHFN WKHP DOO RXW DQG PRUH DW WKH 7HQ 7R 7ZR VWRUH 0RYH TXLFN WKHVH ZRQ·W ODVW ORQJ DQG DUH OLPLWHG 0DQWUD KDV DOVR MXVW UHOHDVHG KLV RIILFLDO ILOP FOLS IRU WKH WUDFN %UHDN 7UDGLWLRQ %UHDN 7UDGLWLRQ LV WKH VHFRQG VLQJOH IURP WKH IRUWKFRPLQJ DOEXP VFKHGXOHG IRU UHOHDVH RQ 6HSWHPEHU 7KH FOLS ZDV GLUHFWHG E\ &ODXGLD 6DQJLRUJL 'DOLPRUH DQG IHDWXUHV &LVFR 7DYDUHV PHPEHUV RI WKH 0DVVLYH KLS KRS FKRLU 2IILFLDO KWWS PDQWUDHPFHH FRP KWWSV ZZZ IDFHERRN FRP PDQWUDKLSKRS KWWSV WZLWWHU FRP PDQWUDBPF KWWS PDQWUD WHQWRWZRUHFRUGV FRP

__ __ 3UH 2UGHU

)DFHERRN 7ZLWWHU 3DFNDJHV

3RVWHG LQ DOODXVVLH KLS KRS PXVLF DOODXVVLH KLS KRS QHZV 7HQ 7R 7ZR 5HFRUGV7DJJHG DOODXVVLH KLS KRS &LVFR 7DYDUHV +LS +RS /RXGPRXWK 0DQWUD 0DVVLYH KLS KRS FKRLU 3RZHU 2I 7KH 6SRNHQ 7ULORJ\ %R[ 6HW 7HOOLQJ 6FHQHV3HUPDOLQN/HDYH D FRPPHQW %ORJ DW :RUG3UHVV FRP 7KH &ROXPQLVW 7KHPH

+RPH

+20( $57,&/(6 79 /,9( 086,& $%287

4HU[YH Z [OPYK HSI\T ;LSSPUN :JLULZ PZ JVTPUN V\[ PU :LW[LTILY -XO\ WK

E\ 1LF .HOO\ #QLFZNHOO\

5DSSLQJ EORNH 0DQWUD KDV DOHUWHG XV WR WKH IDFW KH OO UHOHDVH D WKLUG DOEXP FDOOHG 7HOOLQJ 6FHQHV RQ )ULGD\ 6HSWHPEHU 7R \RXU OHIW LV WKH FRYHU DUW WKDW ZLOO DFFRPSDQ\ WKH UHOHDVH 7KLV ZLOO EH PLG ZD\ WKURXJK KLV UHJLRQDO WRXU ZLWK 6HWK 6HQWU\ DQG IHOORZ *UH\ *KRVW EXW DFFRUGLQJ WR 7KH0XVLF KH OO DQQRXQFH KLV RZQ KHDGOLQH GDWHV RQ )ULGD\ $XJXVW 63($.,1* (;&/86,9(/< 72 352-(&7 8 0DQWUD VDLG KH ZDV UHDG\ WR RSHQ XS D OLWWOH ELW PRUH RQ DOEXP QXPEHU WKUHH 1RZ V D JRRG RSSRUWXQLW\ WR OHW SHRSOH JHW WR NQRZ PH SHUVRQDOO\ WRR JHW D ELW PRUH SHUVRQDO RQ VRQJV DQG GHDO ZLWK VRPH RI WKRVH LVVXHV WKDW DUH FORVH WR P\ KHDUW PD\EH WKLQJV WKDW DUH IURP D PRUH XQFRPIRUWDEOH SODFH +H OO KDYH WKH VHFRQG VLQJOH IURP WKH DOEXP %UHDN 7UDGLWLRQ RXW TXLWH VRRQ EXW IRU QRZ OHW V DOO FDFNOH DW /RXGPRXWK ZKLFK LV TXLWH EULOOLDQW

&RS\ULJKW Â&#x2039; 3URMHFW 8 6LWH GHVLJQHG DQG KRVWHG E\ .LRUD 2QOLQH

+20( 1(:6

/ 2&$7, 21

9, &725, $

*,*6 )($785(6 9,'(2 3+2726 / ,9( 5(9,(:6 $/ %80

' $7(

) 5, ' $< 2& 72%( 5

' 2256

9( 1 8(

( 9( / <1 +27( / %5816:,& . 675( ( 7 ) ,7=52< 9, & 725, $

5(9,(:6 )2580 %$1'6

6( $5&+ %< ' $7( 5$1 *(

Ν 7 Ο

( 9( / <1 +27( /

ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ȱŗřǰȱŘŖŗřȱ ȱ ȱ ȱ ǯȱ ȱ ȱ ȱ ȱ ȱ ȱ Ȃ ȱ ȱȬȱ ȱ ȱ ȱ ȱ ȱ ¢ȱŗśȱ ǰȱş ǯǯ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ Ǳȱ ȱ ȱ ȱ ȱ ǰȱ ȱ ȱ ¡ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ǯȱ ȱ ȱ ǰȱ ȱ ȱ ȱ £ ȱ ǰȱ ȱ ȱ ¢ ȱ ȱ ȱ ȱ ǯȱ ȱ ȱ Ȃ ȱ Ǳȱ ȱ ȱ Ȃ ȱ ȱ ȱ Ȭ ǯ ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ȱȬȱ ȱ ȱ ȱ ȱ ȱȇ ȱ ȇȱȮȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǯȱ ȱ ǰȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǯȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ǯ

1RYHPEHU

'HFHPEHU

)

7 : 7

)

7 : 7

67$57

(1'

%$1 '

6KDUH SHRSOH OLNH WKLV

68%6& 5, %( 72 285 0 $, / , 1 * / , 67 ( 0$, / $' ' 5( 66

6XEVFULEH

ȱ ȱ

ȱ ǰȱ

ȱ ȱ ¢ǰ ȱƸ ¢ ǰ ¡ǰ ǰ ¡ǰ ȇ Ƹȱ ǰ ¢ ȱ ǰ ȱ Ƹȱ ǰ ȱ Ȃ Ǳ Ȭ £ ǰ ǰ ȱ ǰ £ £ ȱǭȱ

%( &20( $ &21 75, %8 725 &21 7$&7 8 6 28 5 7( $0

ȱś

5( 6( 7

68 %0, 7

) 2/ / 2: 7+( ' :$5) 21 ) $& ( %22.

83& 20,1* 6+2:6

6( $5&+ %< $57, 67 25 9( 1 8 (

3PRL WLVWSL SPRL [OPZ

/LNH

68 %0, 7

1(:6

,17(59,(:6

5(9,(:6

&2/8016

*,* *8,'(

6&(1(3,;

0(18 $8*867 7+

0DQWUD RQ WKH 6FHQH

&ZL KTWYJRFLD (TRRJSYX 4KK 3J\X 5HODWHG

<FPF +QTHPF +QFRJ )JGZYX 3J\ : *ILJX (QTXJW 7THP 7TQQ -FQQ TK +FRJ 7TQQ (FQQ 3J]Y RTSYM XJJX YMJ WJQJFXJ TK 9JQQNSL 8HJSJX YMJ YMNWI FQGZR KWTR TSJ TK &ZXYWFQNFÃ&#x2014;X RTXY WJXUJHYJI 2(X 2FSYWF 2FSYWF \FX UNHPJI ZU G^ 4GJXJ 7JHTWIX NS KTW MNX KNWXY FQGZR 5T\JW TK YMJ 8UTPJS -J KTQQT\JI YMFY TSJ ZU \NYM 8UJFPNSL ;TQZRJX YMJ KTQQT\NSL ^JFW -NX SJ\ FQGZ R KJFYZWJX XNSLQJX Ã&#x2013;1TZIRTZYMÃ&#x2014; FSI Ã&#x2013;'WJFP 9WFINYNTSÃ&#x2014; KJFYZWNSL YMJ YFQJSYX TK (NXHT 9F[FWJX 9MJ *[JQ^S Ã&#x201D; 4HYTGJW Æ&#x2021; *SI 8MFWJ 5TXY 3PRL ;^LL[

5HFRPPHQGHG

:LHYJO /LYL

)5((%,(6

$%287

*DU\

1RW ORJJHG LQ >/RJLQ 5HJLVWHU@

6HDUFK )$4 7RGD\ V 3RVWV %RDUG 5XOHV

2]+LS+RS &RP )RUXP Âª 0DLQ 2]+LS+RS &RP )RUXPV Âª 7KH 2] +LS +RS $UHQD Âª >$/%80 5(/($6(@ 0DQWUD 7HOOLQJ 6FHQHV 2XW WK 6HSWHPEHU ,QFUHGLEOH 3UH 2UGHU SDFNV

%DFN WR

Âª 7KH 2] +LS +RS $UHQD

3ULQWDEOH 9HUVLRQ

$XWKRU 2++ 6WDII

$ZDUGV 0RQNH\

6XEMHFW >$/%80 5(/($6(@ 0DQWUD 7HOOLQJ 6FHQHV 2XW WK 6HSWHPEHU ,QFUHGLEOH 3UH 2UGHU SDFNV SRVWHG RQ DW 30

>$/%80 5(/($6(@ 0DQWUD 7HOOLQJ 6FHQHV 2XW WK 6HSWHPEHU ,QFUHGLEOH 3UH 2UGHU SDFNV

1HZ 5HOHDVH

3RVWV 5HJLVWHUHG 0HPEHU ,V 2IIOLQH

0 DQWUD 7HO O L QJ 6F HQHV

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

:KHWKHU IDWH RU D VHOI IXOILOOLQJ SURSKHF\ 0DQWUD NQHZ %UHDN 7UDGLWLRQ ZDV JRLQJ WR EH VRPHWKLQJ VSHFLDO HYHQ EHIRUH KH ZURWH LW /LVWHQLQJ WKURXJK D FDWDORJXH RI EHDWV E\ ULVLQJ SURGXFHU &DP %OXII RQH LQ SDUWLFXODU MXPSHG RXW DW 0DQWUD LQVWDQWO\ UHVRQDWLQJ ZLWK KLP RQ D GHHS OHYHO +H NQHZ KH KDG WR SXW VRPHWKLQJ KHDUWIHOW RQ WRS RI LW %\ WKH WLPH WKH VRQJ ZDV FRPSOHWH 0DQWUD KDG XQIROGHG VRPH RI WKH EHVW UK\PHV RI KLV FDUHHU DGGHG WKH PXOWL OD\HUHG YRFDOV RI 0HOERXUQHÃ&#x2039;V 0DVVLYH KLS KRS FKRLU DQG FDSSHG HYHU\WKLQJ RII ZLWK D VXLWDEO\ JUDQG FKRUXV FRXUWHV\ RI &LVFR 7DYDUHV 3RZHUIXO DQG UHODWDEOH %UHDN 7UDGLWLRQ KDG HYROYHG LQWR RQH RI 0DQWUDÃ&#x2039;V EHVW VRQJV DQG KDG PRUH WKDQ HDUQHG LWV SODFH RQ KLV DPELWLRXV QHZ DOEXP $V D FDYDOFDGH RI WKLV FDOLEHU RI VRQJ 7HOOLQJ 6FHQHV FRQILGHQWO\ SXV KHV WKH ERXQGDULHV RI KLS KRS DQQRXQFLQJ LQ QR XQFHUWDLQ WHUPV WKDW 0DQWUD KDV UHDFKHG WKH QH[W OHYHO RI KLV FUDIW

7HOOLQJ 6FHQHV LV DYDLODEOH RQ 6HSWHPEHU LQ $XVWUDOLD DQG 1HZ =HDODQG WKURXJK 7HQ 7R 7ZR 5HFRUGV

)DFHERRN KWWSV ZZZ IDFHERRN FRP PDQWUDKLSKRS :HEVLWH KWWS PDQWUDHPFHH FRP %X\ KWWS DOEXP PDQWUDHPFHH FRP 0DQWUD RQ 7RXU WKLV 6HSWHPEHU DQG 2FWREHU

OOR\GV

SRVWHG RQ DW 30

2] +LS +RS 0HPEHU

IXFN \HV NHHQ DV IXFN WR FRS WKLV ZLOO EH DW ERWK Z D VKRZV

3RVWV 5HJLVWHUHG 0HPEHU ,V 2IIOLQH

DPDWXUHV

>(GLWHG RQ E\

SRVWHG RQ DW 30

>OH[ Z 6U 4\ZPJ

4\ZPJ Ã

*VUULJ[ ^P[O ,]LYN\PKL

0HOERXUQH

,U[LY[HPUTLU[

.PNZ -LZ[P]HSZ

&+$1*( 0< &,7<

6HDUFK HYHQWV DUWLVWV YHQXHV

(Y[Z *\S[\YL

.\PKLZ

4LTILYZ 3V\UNL

*S\IZ 7HY[PLZ

4HU[YH 4,3)6<95, Ã 4<:0* Ã .0.: -,:;0=(3:

6*;

7(:;

>OV

,]LU[ 0UMVYTH[PVU

4HU[YH

4HU[YH OHZ HUUV\UJLK H UH[PVUHS [V\Y [V SH\UJO OPZ [OPYK Z[\KPV HSI\T ;LSSPUN :JLULZ >P[O P[Z

>OLYL ;OL ,]LS`U /V[LS )Y\UZ^PJR :[YLL[

LTV[PVUHS UHYYH[P]LZ \UWYLKPJ[HISL [^PZ[Z HUK 4HW

HTHaPUN JHZ[ [OL HSI\T WSH`Z V\[ SPRL H NYLH[ TV]PL (SYLHK` ZWH^UPUN [^V Z\JJLZZM\S ZPUNSLZ

>OLU

3V\KTV\[O HUK )YLHR ;YHKP[PVU P[ PZ [OL HSI\T HZ

,5+,+

H ^OVSL [OH[ ILZ[ ZOV^JHZLZ OV^ OPNO 4HU[YH OHZ

-YP 6J[ ! 74 *VZ[

ZL[ [OL IHY

6HDUFK

3PZ[ `V\Y ,]LU[

,QVWDJUDP 3KRWRV

%DUV 3XEV

5HVWDXUDQWV &DIHV

0XVHXPV *DOOHULHV

(YHQW 3ODFHV

P\/LYHJXLGH FKDQJH ORFDWLRQ

0XVLF &OXEV )HVWLYDOV 7KHDWUH &RPHG\ $UWV ([KLELWLRQV 6SRUWV )DPLO\ /LIHVW\OH (QWHU HYHQW WLWOH

(YHQWV

)5,

6$7

681

021

78(

:('

7+8

7KLV :HHNHQG

%DFN WR VHDUFK

0XVLF &OXEV

1H[W :HHNHQG

(YHQW )LOWHU $OO

0DQWUD 7HOOLQJ 6FHQHV /DXQFKHV # (YHO\Q +RWHO (YHQW 'DWH

)ULGD\ 2FWREHU 6WDUWLQJ DW 30

3ODFH

(YHO\Q +RWHO )LW]UR\ 9,&

/LNH

6KDUH

)HVWLYDOV 0XVLF &OXEV 7KHDWUH &RPHG\ $UWV ([KLELWLRQV 6SRUWV &KLOGUHQ )DPLO\

,QVWDJUDP SKRWRV RI WKLV HYHQW &RPPXQLW\ /LIHVW\OH

$UWLVW

0DQWUD &OLFN RQ WKH DUWLVW WR VHDUFK IRU RWKHU HYHQW GDWHV

3P]LN\PKL 3PRL

'HVFULSWLRQ

0$175$ KDV DQQRXQFHG D QDWLRQDO DOEXP WRXU WR ODXQFK KLV XSFRPLQJ UHOHDVH DQG WKLUG VWXGLR DOEXP 7HOOLQJ 6FHQHV RQ 6HSWHPEHU WKURXJK 7HQ 7R 7ZR 5HFRUGV -RLQLQJ 0DQWUD RQ VHOHFW GDWHV LV 0HOERXUQHÂ¶V *UH\ *KRVW 7HOOLQJ 6FHQHV LV DQ DOEXP LQ WKH PRVW FUHDWLYH VHQVH QRW MXVW D FROOHFWLRQ RI VRQJV EXW DQ H[SHULHQFH WKDW WDNHV LWV OLVWHQHU RQ D MRXUQH\ :LWK LWV HPRWLRQDO QDUUDWLYHV XQSUHGLFWDEOH WZLVWV DQG DPD]LQJ FDVW WKH DOEXP SOD\V RXW OLNH D JUHDW PRYLH ,Q WKH GLUHFWRUÂ¶V FKDLU RQH RI $XVWUDOLDÂ¶V EHVW DQG PRVW UHVSHFWHG UDSSHUV 7HOOLQJ 6FHQHV KDV DOUHDG\ VSDZQHG WZR VXFFHVVIXO VLQJOHV UDGLR DQWKHP /RXGPRXWK DQG WKH GDUNHU Âµ%UHDN 7UDGLWLRQÂ¶ Â± EXW LW LV WKH DOEXP DV D ZKROH WKDW EHVW VKRZFDVHV KRZ KLJK 0$175$ KDV UDLVHG WKH EDU 0DQWUD /DVW 3OD\HG 0DQWUD /RXGPRXWK $XVWUDOLDQ 7RXU

&DWHJRU\

0XVLF &OXEV

3OHDVH QRWLI\ XV RI DQ\ FKDQJHV WLVWSL SPRL 3P]LN\PKL

7LFNHWLQJ 3ULFH LQIRUPDWLRQ 3ULFH 7LFNHWLQJ

&OLFN KHUH IRU 0DQWUD 7HOOLQJ 6FHQHV /DXQFKHV WLFNHWV SULFLQJ # (YHO\Q +RWHO $VN D TXHVWLRQ VHH HYHQW ZDOO EHORZ ILUVW IRU DQVZHU

&RPPHQW EX\ VHOO 7LFNHWV IRU 0DQWUD 7HOOLQJ 6FHQHV /DXQFKHV

!! 6HH SUHYLRXV (YHQWV DQG 7RXUV IRU 0DQWUD

-HJLIVVR ZVJPHS WS\NPU

0DQWUD (YHQWV 7LFNHWLQJ :DOO $GG \RXU 5HYLHZ RU &RPPHQW $VN D TXHVWLRQ 6HQW WR 2UJDQLVHU

0DQWUD 3UHYLRXV (YHQWV )HVWLYDOV 7RXU GDWHV

.HGURQ :DYHOO 6HUYLFHV &OXE -DQXDU\ .HGURQ :DYHOO 6HUYLFHV &OXE $SULO 5RVHPRXQW +RWHO -XQH 1RUWKFRWH 6RFLDO &OXE -XQH &RQLVWRQ /DQH -XQH 7KH 6WDQGDUG -XQH .HGURQ :DYHOO 6HUYLFHV &OXE -XQH (YHO\Q +RWHO 2FWREHU .HGURQ :DYHOO 6HUYLFHV &OXE 0D\ .HGURQ :DYHOO 6HUYLFHV &OXE -XO\

3ODFHV 1HDUE\ 7KH $OFKHPLVW %DU

&UX]DR $UHSD %DU

-RH V *DUDJH

%LPER 'HOX[H

$IJKDQ *DOOHU\ 5HVWDXUDQW

3HQDQJ $IIDLU

7LWDQLXP /HYHOV %LJ LQ -DSDQ 'DYLG *XHWWD 0DUWLQ 6ROYHLJ $9,&,, /21* 7,0( (/(&75,& /29(

,//0(5,&$ $5( <285 E\ 'LUW\ 9HJDV -XVWLFH 9V :ROIJDQJ )5,(1'6 *DUWQHU 6WDWLF 5HYHQJHU $QJJHU 'LPDV

:HOFRPH \RX DUH DW

KRPH

VKRZV

PXVLF

ZLQ

DUWLFOHV

SLFV

YLGHRV

DXGLR

HYHQWV

SROOV

1RYDQDWLRQ

IRUXP

.H\ZRUG VHDUFK

6LJQ ,Q 5HJLVWHU

0$175$ /$81&+(6 7(//,1* 6&(1(6 : 63(&,$/ *8(676 (YHQW 0DQWUD /DXQFKHV 7HOOLQJ 6FHQHV : 6SHFLDO *XHVWV :KHQ )ULGD\ 2FWREHU 30 30 9HQXH (YHO\Q +RWHO $GGUHVV %UXQVZLFN 6W )LW]UR\ 9,& 7LFNHWV

%\ 1RYD(YHQWV

WZLVWV DQG DPD]LQJ FDVW WKH DOEXP SOD\V RXW OLNH D JUHDW PRYLH ,Q WKH GLUHFWRUÂ¶V FKDLU RQH RI $XVWUDOLDÂ¶V EHVW DQG PRVW UHVSHFWHG UDSSHUV 7HOOLQJ 6FHQHV KDV DOUHDG\ VSDZQHG WZR VXFFHVVIXO VLQJOHV UDGLR DQWKHP /RXGPRXWK DQG WKH GDUNHU Âµ%UHDN 7UDGLWLRQÂ¶ Â± EXW LW LV WKH DOEXP DV D ZKROH WKDW EHVW VKRZFDVHV KRZ KLJK 0$175$ KDV UDLVHG WKH EDU

*HW GLUHFWLRQV

;^LL[

3PRL

3KRWRV

9LGHRV

)RUXP

(YHQWV

7DJV (QWHUWDLQPHQW +LS KRS /LYH PXVLF (YHO\Q KRWHO

2WKHU 3RSXODU (YHQWV 0DUTXHH 6\GQH\ 2FWREHU WK +DYDQD %URZQ /2&.'2:1 -$,/ 5$9( )W &522.(56 ,7$

'HHS ,Q 7KH 3DUN 7KH &KDW )HDW %HF %HQ ZLWK VXSSRUWV 'RF +ROOLGD\ 7KH )L[DWRUV &URRNHUV # &KLQHVH /DXQGU\ 2NWREHUIHVW 6RXQG LV 2Q

1RYD1DWLRQ 0DVWHUFODVV .LVV\ 6HOO 2XW *XHVW 0L[ KRXUV DJR E\ SDLQJ7\PQ0\PQFSP

+20(

$%287

566 )(('

6281'6 2) 2= 6(3

$XVWUDOLDQ PXVLF QHZV DQG UHYLHZV

FDWHJRULHV

0$175$ 72856 ³7(//,1* 6&(1(6´

,QWHUYLHZV 1HZV

0DQWUD LV SURYLQJ WR EH RQH RI WKH KDUGHVW ZRUNLQJ XUEDQ DFWV RQ WKH $XVVLH VFHQH ULJKW QRZ +LV QHZ DOEXP 7HOOLQJ 6FHQHV KLWV VWRUHV WRGD\ DQG KH¶V FXUUHQWO\ WRXULQJ WKH FRXQWU\ VXSSRUWLQJ 6HWK 6HQWU\ %XW ZLWK D IHZ GD\V IUHH RQ WKDW WRXU KH ILJXUHG KH¶G DOVR VHW RII RQ KLV RZQ KHDGOLQLQJ UXQ WR VXSSRUW WKH DOEXP¶V UHOHDVH

6LQJOH 5HOHDVHV 5HYLHZV $OEXP 5HYLHZV

0$175$ 0&

:j]Yc LjY\alagf ^]Yl& ;ak[Á

5HOHDVHV $OEXP 5HOHDVHV

6KDUH

&RQFHUW 5HYLHZV 7RXUV

&RPSUHVVLRQ 6HVVLRQV EHDVW

7HOOLQJ 6FHQHV IHDWXUHV WKH VLQJOH ³%UHDN 7UDGLWLRQ´ ZKLFK LV RQH RI WKH PRVW LQWHOOLJHQW KLS KRS WUDFNV ,¶YH KHDUG LQ D ZKLOH 0DNH VXUH \RX UHDOO\ OLVWHQ WR WKH O\ULFV RQ WKLV RQH UHDGHUV 7KH\¶UH VWXQQLQJ 7KH DOEXP FRQWLQXHV WKLV WUDGLWLRQ WHOOLQJ HPRWLRQDO QDUUDWLYHV WKDW WDNH OLVWHQHUV RQ D MRXUQH\ LQIRUPLQJ DQG PRYLQJ WKHP UDWKHU WKDQ MXVW HQWHUWDLQLQJ

)HVWLYDOV ,QWHUQDWLRQDO 7RXUV 7RXU $QQRXQFHPHQWV 9LGHR )LOP &OLSV /LYH 3HUIRUPDQFHV

0DQWUD ZLOO SURPRWH WKH DOEXP DQG VLQJOH DW WKH IROORZLQJ KHDGOLQH VKRZV

0RYDYL 0DF 6FUHHQ &DSWXUH ZZZ 0RYDYL FRP « 5HFRUG 9LGHR $XGLR IURP 3& 6FUHHQ (DV\ WR 8VH +LJK 4XDOLW\ 'RZQORDG

6HOO 7LFNHWV $XVWUDOLD

6HSWHPEHU ± )O\ULWH 3HUWK 6HSWHPEHU ± 0RMR¶V )UHPDQWOH 2FWREHU ± *UHDW 1RUWKHUQ 1HZFDVWOH 2FWREHU ± $QQDQGDOH +RWHO 6\GQH\ 2FWREHU ± %HDFKFRPEHU +RWHO 7RXNOH\ 2FWREHU ± 7KH (YHO\Q 0HOERXUQH 2FWREHU ± 7HPSR +RWHO %ULVEDQH 2FWREHU ± 6RO %DU 0DURRFK\GRUH 2FWREHU ± (G &DVWOH $GHODLGH

ZZZ WU\ERRNLQJ FRP 'R LW \RXUVHOI RQOLQH WLFNHW VDOHV 3RZHUIXO ZHE EDVHG ERRNLQJ V\VWHP

,PDJH XVHG ZLWK SHUPLVVLRQ IURP 3DULV 3DWLHQW 3PRL

7$**(' $6 %5($. 75$',7,21 0$175$ 7(//,1* 6&(1(6 38%/,6+(' %< /$85(1 ,1 $/%80 5(/($6(6 5(/($6(6 7285 $11281&(0(176 72856 12 &200(176 72 ³0$175$ 72856 ³7(//,1* 6&(1(6´´

,) <28 /,.( 7+,6 %/2* 3/($6( 7$.( $ 6(&21' )520 <285 35(&,286 7,0( $1' 68%6&5,%( 72 0< 566 )(('

DERXW WKH DXWKRU /DXUHQ .DWXOND FDQQRW UHPHPEHU D WLPH ZKHQ PXVLF ZDV QRW D SDUW RI KHU OLIH 5DLVHG RQ DQ HFOHFWLF GLHW RI 9DQ 0RUULVRQ 7KH (DJOHV &ROG &KLVHO DQG %DUEUD 6WUHLVDQG VKH UHPHPEHUV VDYLQJ DOO KHU SRFNHW PRQH\ IRU ZHHNV VR VKH FRXOG EX\ FDVVHWWHV IHDWXULQJ

-XVW %OD]H %DDXHU +LJKHU ^)W -$< =`

KRPH

JXLGH

SURJUDPV

SHRSOH

PXVLF

KRPH

XQHDUWKHG

OLYH PXVLF

PXVLF QHZV

VHDUFK WULSOH M

HYHQWV

UHYLHZV

IHDWXUH DOEXPV

$OEXP 5HOHDVHV 6HSWHPEHU

PHGLD

SOD\OLVWV

JLJ JXLGH

SRGFDVWV

WKH KLW OLVW

VKRS

IUHH PXVLF

/DWHVW VWRULHV SRVWHG

/LNH

$GULDQ /X[ UHFRUGLQJ QHZ DOEXP LQ $XVWUDOLD WKHUH ZLOO EH VRPH WHFKQR

;^LL[

$ 'D\ 7R 5HPHPEHU 0DVWRGRQ KHDG XS 6RXQGZDYH VHFRQG DQQRXQFH *HVDIIHOVWHLQ RQ $XVWUDOLDQ WRXU LW ZLOO EH OLNH WKH DOEXP EXW ZLWK PRUH YLROHQFH

68%6&5,%( 566

.LQJV RI /HRQ DQQRXQFH RQH RII 6\GQH\ VKRZ WULSOH M XQHDUWKHG - $ZDUG QRPLQHHV DQQRXQFHG &XW &RS\ UXQ LQWR OHJDO WURXEOH RQ QHZ DOEXP WULSOH M XQHDUWKHG DQQRXQFH )DOOV )HVWLYDO FRPSHWLWLRQ ZLQQHUV 0LNKDHO 3DVNDOHY DQQRXQFHV GHEXW $XVWUDOLDQ WRXU -DPHV 0HUFHU RQ QHZ %URNHQ %HOOV , /29( WKH %HH *HHV

6HEDGRK 'HIHQG <RXUVHOI 0*07 0*07 :ROI &XE +HDY\ :HLJKW 0DQWUD 7HOOLQJ 6FHQHV 0DQ 0DQ 2QL 2QL 3RQG 7KH 1DNHG )DPRXV ,Q 5ROOLQJ :DYHV 3ODFHER /RXG /LNH /RYH -LPEODK 3KRHQL[ +RO\ *KRVW '\QDPLFV 0DUN /DQHJDQ ,PLWDWLRQV %LOO &DOODKDQ 'UHDP 5LYHU &DJHG $QLPDOV ,Q 7KH /DQG 2I *LDQWV 7KH :HHNQG .LVV /DQG 0*07 UHWXUQ WKUHH \HDUV DIWHU &RQJUDWXODWLRQV ZLWK WKHLU VHOI WLWOHG WKLUG DOEXP 7KH 1HZ <RUN QDWLYHV ZLOO EH EULQJLQJ WKH QHZ PDWHULDO RXW RXU ZD\ WR KHOS FHOHEUDWH QHZ \HDU V HYH WKH\ UH SHUIRUPLQJ DW )DOOV )HVWLYDO DQG 6RXWKERXQG 'XULQJ WKH ZHHN EDQG PHPEHU $QGUHZ 9DQ:\QJDUGHQ FDOOHG XS 7KH 'RFWRU WR FKDW DERXW KLV H[FLWHPHQW IRU WKH YLVLW RXU ZD\ DQG DOVR FKDWWHG D ELW DERXW WKH QHZ UHFRUG <RX FDQ OLVWHQ WR WKDW FKDW KHUH $GHODLGH EDQG :ROI &XE FORVH \HDUV RI VLOHQFH ZLWK WKHLU QHZ DOEXP +HDY\ :HLJKW :H YH DOUHDG\ EHHQ VXEMHFW WR WKH ILUVW SV\FKHGHOLF VLQJOHV <RX PD\ KDYH FDXJKW 6DODR DQG , 1HHG 0RUH EHLQJ SOD\HG RQ WULSOH M ,Q 2FWREHU WKH\ OO EH WDNLQJ WKHZ QHZ DOEXP RQ WKH URDG DURXQG $XVWUDOLD IRU DQ GDWH WRXU ,I \RX FOLFN KHUH \RX FDQ VHH ZKHUH DQG ZKHQ WKDW V KDSSHQLQJ

6LOYHUFKDLU V 'DQLHO -RKQV LV ZRUNLQJ RQ D QHZ DOEXP +HDU QHZ UHOHDVHV IURP 7KH .LOOHUV %URNHQ %HOOV &KDQFH WKH 5DSSHU SXOOV RXW RI 5DSWXUH )HVWLYDO GXH WR PDG WLUHGQHVV (LJKW WKLQJV ZH OHDUQHG DW WKH <RX7XEH 0XVLF DZDUGV - $ZDUG $OEXP RI WKH <HDU QRPLQDWLRQV DQQRXQFHG $OEXP 5HOHDVHV 1RYHPEHU

*DOOHULHV

/64,

5,;>692

9,=0,>:

-90+(@ 56=,4),9

,QGH[

5HFHQW 7RSLFV

.(33,9@

;,?; :0A,

>/(; : 65

36.05

(45 9(+06

3(<5*/ (45 9(+06

6HDUFK

:HOFRPH *XHVW 8VHUQDPH

3DVVZRUG

5HPHPEHU PH

/RJLQ

)RUJRW \RXU SDVVZRUG" )RUJRW \RXU XVHUQDPH" &UHDWH DQ DFFRXQW 7KH $XVWUDOLDQ 0XVLFLDQ 1HWZRUN )RUXP 7KH $XVWUDOLDQ 0XVLFLDQ )RUXP 0XVLF QHZV 0$175$ 1HZ 6LQJOH %5($. 75$',7,21 1HZ $OEXP 5HOHDVH IRU 6(3 WK YLHZLQJ *XHVW ,QGXVWU\ UHODWHG QHZV 5(3/< 723,&

1(: 723,&

3DJH

723,& 0$175$ 1HZ 6LQJOH %5($. 75$',7,21 1HZ $OEXP 5HOHDVH IRU 6(3 WK 0$175$ 1HZ 6LQJOH %5($. 75$',7,21 1HZ $OEXP 5HOHDVH IRU 6(3 WK PRQWKV ZHHN DJR

$01 0XVLF 1HZV

2))/,1(

3ODWLQXP %RDUGHU 3RVWV

5(78516 :,7+ $ 1(: 6,1*/(

%5($. 75$',7,21

$11281&(6 1(: $/%80 )25 5(/($6( 6(37(0%(5 7+

0RQGD\ -XO\ Â± )ROORZLQJ RQ IURP UDGLR DQWKHP /RXGPRXWK 0HOERXUQH UDSSHU 0$175$ KDV GURSSHG WKH HPRWLRQDOO\ KHDY\ %UHDN 7UDGLWLRQ Â±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Â¶V 0DVVLYH KLS KRS FKRLU DQG FDSSHG HYHU\WKLQJ RII ZLWK D VXLWDEO\ JUDQG FKRUXV FRXUWHV\ RI &LVFR 7DYDUHV 3RZHUIXO DQG UHODWDEOH %UHDN 7UDGLWLRQ KDG HYROYHG LQWR RQH RI 0$175$ V EHVW VRQJV DQG KDG PRUH WKDQ HDUQHG LWV SODFH RQ KLV DPELWLRXV QHZ DOEXP $V D FDYDOFDGH RI WKLV FDOLEHU RI VRQJ 7HOOLQJ 6FHQHV FRQILGHQWO\ SXVKHV WKH ERXQGDULHV RI KLS KRS DQQRXQFLQJ LQ QR XQFHUWDLQ WHUPV WKDW 0$175$ KDV UHDFKHG WKH QH[W OHYHO RI KLV FUDIW

7285,1* Â± $8*867 6(37(0%(5 2&72%(5 '$7( 5(*,21$/ 7285 :,7+ 6(7+ 6(175< *5(< *+267 67$57,1* $8*867 VW 7(//,1* 6&(1(6 1$7,21$/ 7285 72 %( $11281&(' $8*867 WK $OO VKRZ GHWDLOV DYDLODEOH IURP ZZZ PDQWUDHPFHH FRP /LVWHQ WR %UHDN 7UDGLWLRQ RQ <RXWXEH

RU 6RXQG&ORXG VRXQGFORXG FRP PDQWUD PF EUHDN WUDGLWLRQ HT Y 0$175$ V QHZ VLQJOH %UHDN 7UDGLWLRQ LV DYDLODEOH IRU SXUFKDVH RQ L7XQHV WKLV )ULGD\ $XJXVW

7+( 1(: $/%80 Âµ7(//,1* 6&(1(6Â¶ 287 6(37(0%(5

7KH KLJKO\ DQWLFLSDWHG WKLUG DOEXP LQ WKH 3RZHU 2I 7KH 6SRNHQ 7ULORJ\ 7HOOLQJ 6FHQHV RXW )ULGD\ 6HSWHPEHU WK WKURXJK 7HQ 7R 7ZR 5HFRUGV $WWDFKPHQWV PDQWUDORJR MSJ .%

/DVW (GLW PRQWKV ZHHN DJR E\ $01 0XVLF 1HZV

5(3/< 5(3/< 723,&

1(: 723,&

7KH $XVWUDOLDQ 0XVLFLDQ 1HWZRUN )RUXP

4827( 3DJH

7KH $XVWUDOLDQ 0XVLFLDQ )RUXP

0XVLF QHZV 0XVLF QHZV

7LPH WR FUHDWH SDJH VHFRQGV

)HJR [V ;VW *VW`YPNO[ (\Z[YHSPHU 4\ZPJPHU 5L[^VYR 7[` 3[K

+20( 1(:6 ,17(59,(:6 6(66,216 *$//(5,(6 12,6( 352 1(: 086,& /,9( :,1 7R VHDUFK W\SH DQG KLW HQWHU

$5,$ $OEXPV .HLWK 8UEDQ )XVH 'HEXWV $W 1R

-RLQ RXU PDLOLQJ OLVW IRU GDLO\ XSGDWHV

E\ *$9,1 5<$1 RQ 6(37(0%(5

(PDLO $GGUHVV

7KH WRS WKUHH DOEXPV LQ WKH FRXQWU\ DUH DOO QHZ HQWULHV WKLV ZHHN ZLWK .HLWK 8UEDQ WDNLQJ RXW WKH WRS VSRW ZLWK KLV QLQWK VWXGLR DOEXP HQWLWOHG Â´)XVHÂµ .HLWK 8UEDQ 3KRWR E\ 5RV 2 *RUPDQ 7KLV EHFRPHV KLV VHFRQG 1R DOEXP KHUH DQG LQ WKH 86$

DIWHU KLV 0D\ FROOHFWLRQ Â´7KH 6WRU\ 6R )DUÂµ RQH ZHHN DQG Â´)XVHÂµ LV WKH QG 1R DOEXP LQ $XVWUDOLD WR DQG WKH VW IRU $5,$ WR ,WÂ·V WKH WZHOIWK FKDUW WRSSLQJ DOEXP IRU &DSLWRO 5HFRUGV DQG WKH ILUVW WLPH WKDW WKH ZRUG Â¶)XVHÂ· KDV IHDWXUHG LQ D 1R DOEXP KHUH ZLWK WKH SUHYLRXV KLJKHVW IXVH FRPLQJ IURP DQ $& '& WULEXWH DOEXP Â´)XVH %R[Âµ +3 -XQH RU MXVW EHKLQG Â´7KH )XVHÂµ +3 $XJ IRU 3HQQ\ZLVH Â´)XVHÂµ EHFRPHV WKH WK DOEXP IRU DQ $XVWUDOLDQ DFW WR UHDFK 1R DQG WKH HOHYHQWK IRU WKH \HDU EHDWLQJ WKH SUHYLRXV EHVW HIIRUW LQ ZKLFK KDG QLQH 1R DOEXPV E\ $XVWUDOLDQ DFWV 3OXV WKH QHZ 1R DOEXP EHFRPHV WKH WK E\ D 0DOH 6ROR $UWLVW WR UHDFK WKH WRS ZLWK -RKQ 0D\HU EHLQJ WKH ODVW DW WKH VWDUW RI 6HSWHPEHU 7RP %HUJOLQJ EHWWHU NQRZQ DV $YLFLL VHHV KLV GHEXW DOEXP Â´7UXHÂµ HQWHUV DW 1R IHDWXULQJ WKH IRUPHU 1R VRQJ Â´:DNH 0H 8SÂµ 7: DQG WKH UHFHQW HQWU\ Â´<RX 0DNH 0HÂµ +3 7: SOXV GHEXWLQJ DW 1R LV WKH QHZ WUDFN IURP WKH DOEXP Â´+H\ %URWKHUÂµ -DFN -RKQVRQ HQWHUV DW 1R ZLWK KLV VL[WK VWXGLR DOEXP Â´)URP +HUH WR 1RZ WR <RXÂµ ZLWK DORQJ ZLWK KLV RWKHU HQWULHV EHFRPHV KLV HOHYHQWK HQWU\ RYHUDOO VL[ VWXGLR WZR VRXQGWUDFNV WZR OLYH DQG RQH (3 SOXV LW EHFRPHV KLV VL[WK 7RS DQG 7RS DOEXP WRR DV KHÂ·V KDG IRXU 1R DOEXPV KHUH SUHYLRXVO\ Â´,Q %HWZHHQ 'UHDPVÂµ 0DUFK Â´6LQJ D /RQJV /XOODELHVÂµ )HE Â´6OHHS 7KURXJK WKH 6WDWLFÂµ )HE DQG Â´7R WKH 6HDÂµ -XQH

086,& 1(:6 7:((76

:LWK WKUHH ELJ QHZ HQWULHV LW SXVKHV ODVW ZHHNV WRS IRXU DOEXPV GRZQ WKUHH SODFHV HDFK ZLWK Â´$0Âµ IRU 7KH $UFWLF 0RQNH\V GRZQ WR 1R Â´,I <RX :DLWÂµ E\ /RQGRQ *UDPPDU DW 1R Â´7KH 7UXWK $ERXW /RYHÂµ IRU 3LQN DW 1R DQG )OHHWZRRG 0DFÂ·V Â´ <HDUV Â² 7KH &KDLQÂµ DW 1R ZKLOVW 3DVVHQJHU LV EDFN XS RQH SODFH WR 1R ZLWK Â´$OO WKH /LWWOH /LJKWVÂµ DQG %UXQR 0DUV UHWXUQV WR WKH 7RS DW 1R ZLWK Â´8QRUWKRGR[ -XNHER[Âµ QRZ WKDW Â´*RULOODÂµ LV MXVW RXWVLGH WKH 7RS 7KH IRXUWK DQG ILQDO 7RS HQWU\ LV QHZ DW 1R WKH VHYHQWK VWXGLR DOEXP IRU 3ODFHER HQWLWOHG Â´/RXG /LNH /RYHÂµ ZKLFK EHFRPHV WKHLU VHYHQWK HQWU\ KHUH VL[ VWXGLR DQG RQH EHVW RI WKHLU VHOI WLWOHG ILUVW DOEXP GLG QRW FKDUW KHUH SOXV LWV WKHLU WKLUG FRQVHFXWLYH 7RS SODFLQJ DIWHU Â´0HGVÂµ +3 0DUFK DQG Â´%DWWOH IRU WKH 6XQÂµ +3 -XQH 1(: 3($.6 029(56 :LWK 5XGLPHQWDO SHUIRUPLQJ RQ ; )DFWRU ODVW ZHHN WKHLU DOEXP Â´+RPHÂµ +3 LV EDFN XS WKLUWHHQ SODFHV WR 1R DQG DQRWKHU ; ) DSSHDUDQFH KDV KHOSHG .RGDOLQH WR UHWXUQ WKHLU DOEXP Â´,Q D 3HUIHFW :RUOGÂµ EDFN LQWR WKH 7RS DW D QHZ SHDN RI 1R SUHYLRXV SHDN $QG ZLWK WKH 2QH 'LUHFWLRQ PRYLH DQG WRXU DERXW WR VWDUW WKHLU DOEXPV DUH EDFN XS WKLV ZHHN ZLWK Â´8S $OO 1LJKWÂµ MXPSLQJ VHYHQWHHQ WR 1R DQG WKHLU Â´7DNH 0H +RPHÂµ VHW EDFN XS IRUW\ WKUHH SODFHV WR 1R '2:1 '2:1 ,W WRRN IRXUWHHQ EURNHQ ZHHNV RQ WKH DOEXPV FKDUW WR FOLPE LQWR WKH 7RS EXW DIWHU D VLQJOH ZHHN Â´1DWLYHÂµ E\ 2QH5HSXEOLF GURSV EDFN GRZQ WKUHH SODFHV WR 1R ZKLOVW IRUPHU 1R Â·V Â´+DUOHTXLQ 'UHDPÂµ IRU %R\ %HDU WR DQG Â´3DUDGLVH 9DOOH\Âµ IRU -RKQ 0D\HU WR

OHDYH DIWHU IRXU DQG WKUHH ZHHNV LQVLGH WKH 7RS UHVSHFWLYHO\ /DVW ZHHNV 7RS GHEXWV RI Â´7KH 2WKHU 6LGHÂµ IRU 7RQLJKW $OLYH WR DQG Â´+XQJU\ *KRVWÂµ IRU 9LROHQW 6RKR WR ERWK IDOO GUDPDWLFDOO\ WKLV ZHHN $OVR IDOOLQJ KDUG DUH 1LQH ,QFK 1DLOV WR 5LVH $JDLQVW WR $ULDQD *UDQGH WR *ROGIUDSS WR &KDUOH\ 3ULGH WR 3DUDPRUHÂ·V VHOI WLWOHG DOEXP WR $OLFLD .H\V WR -RKQ /HJHQG WR 7KH -XQJOH *LDQWV WR 'HDG /HWWHU &LUFXV WR -XVWLQ 7LPEHUODNH WR DQG 7KH 3DSHU .LWHV WR ZKLOVW ODVW ZHHNV UHWXUQ WR WKH 7RS DW 1R IRU Â´0DUFK )LUHVÂµ E\ %LUGV RI 7RN\R IDOOV RXW RI WKH 7RS WKLV ZHHN 7KH VHFRQG DOEXP IRU 1HZ =HDODQG DFW 7KH 1DNHG )DPRXV GHEXWV DW 1R HQWLWOHG Â´,Q 5ROOLQJ :DYHVÂµ EHDWLQJ WKH 1R SHDN WKHLU ILUVW VHW Â´3DVVLYH 0H $JJUHVVLYH <RXÂµ FOLPEHG WR LQ ODWH )HEUXDU\ $ IHZ SODFHV ORZHU DW 1R LV WKH WKLUG DOEXP IRU 0DQWUD HQWLWOHG Â´7HOOLQJ 6FHQHVÂµ EHFRPLQJ KLV VHFRQG DOEXP WR FKDUW KHUH KLV ILUVW ZDV ZLWK Â´6SHDNLQJ 9ROXPHVÂµ +3 6HSW

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

)URQWLHU 7RXULQJ WDNHV DGGLWLRQDO PHDVXUHV WR VWRS VFDOSLQJ DW 6\GQH\ #.LQJV2I/HRQ SHUIRUPDQFHKWWS W FR 9K O]'<7I #IURQWLHUWR GD\ DJR IURP ZHE 5HSO\5HWZHHW)DYRULWH

(SS

;V\Y

9LSLHZL

+HUJL

.PN

-LZ[P]HS

0UK\Z[Y`

-PST

(Y[Z

/64, 5,>: ;/, .<0+, 05;,9=0,>: 9,=0,>: )36.: 30:;,5 >(;*/ -,:;0=(3: >05 :;69,

.HLWK 8UEDQ 5(/($6( ,1'8675<

(<::0, *6<5;9@ ),(;: :>,+0:/ ,+4 ;6 6HSWHPEHU

6FRWW )LW]VLPRQV .HLWK 8UEDQ KDV UDFNHG XS KLV VHFRQG $XVWUDOLDQ QXPEHU RQH DOEXP LQ WKH VDPH ZHHN WKDW KH ODQGHG KLV VHFRQG 86 QXPEHU RQH 8UEDQÒ&#x2039;V )XVH GHEXWHG DW QXPEHU RQH RQ WKH $5,$ $OEXPV &KDUW ZKLFK VHHV DQ DOO QHZ WRS WKUHH WKLV ZHHN $V SUHGLFWHG LQ PLGZHHN ILJXUHV 8UEDQ SLSSHG 6ZHGLVK ('0 VXSHUVWDU $YLFLL ZKR GHEXWHG DW WZR ZLWK 7UXH DQG DFRXVWLF URRWV IDYRXULWH -DFN -RKQVRQ ZKR ODQGHG DW WKUHH ZLWK )URP +HUH 7R 1RZ 7R <RX 8UEDQÒ&#x2039;V SUHYLRXV QXPEHU RQH FDPH LQ 0D\ ODVW \HDU ZLWK 7KH 6WRU\ 6R )DU ZKLOH KLV ILUVW 86 QXPEHU RQH FDPH ZLWK Ò&#x2039;V 'HI\LQJ *UDYLW\ 2WKHU DOEXP FKDUW GHEXWV FDPH IURP 3ODFHERÒ&#x2039;V /RXG /LNH /RYH DW QLQH 1HZ =HDODQGÒ&#x2039;V 7KH 1DNHG )DPRXVÒ&#x2039;V ,Q 5ROOLQJ :DYHV DW DQG 0HOERXUQH UDSSHU 0DQWUD KDG D VWURQJ VKRZLQJ ZLWK 7HOOLQJ 6FHQHV ODQGLQJ DW

4HU[YH Â¶ ;LSSPUN :JLULZ KLI\[Z H[ VU (PY 0UKLWLUKLU[ (SI\T *OH[Z 3RVWHG E\ -LP 6WHSV6HSWHPEHU

2QH RI $XVWUDOLDÂ·V EHVW DQG PRVW UHVSHFWHG UDSSHUV 0DQWUD KDV GHEXWHG DW RQ WKH $,5 ,QGHSHQGHQW $OEXP FKDUWV RQ WKH $5,$ $OEXP FKDUWV DQG RQ WKH $5,$ $XVWUDOLDQ $OEXP FKDUWV ZLWK KLV WKLUG VWXGLR DOEXP 7HOOLQJ 6FHQHV

KWWS DOODXVVLHKLSKRS ILOHV ZRUGSUHVV FRP PDQWUDBDOEXPWRXUSRVWHU MSJ

7KH $5,$ 8UEDQ $OEXP LQ WKH FRXQWU\ WKLV ZHHN KDV EHHQ UHYHUHG E\ IDQV DQG LQGXVWU\ DOLNH ZLWK UHYLHZV DIILUPLQJ WKH VROLG UHOHDVH Â´Â« 2QH RI WKH +LS +RS UHFRUGV RI WKH \HDU Âµ Â²5ROOLQJ 6WRQH VWDUV Â´0DQWUD FRQWLQXHV WR HYROYH DQG SXVK WKH ERXQGDULHV RI KLV ZRUN QHYHU UHVWLQJ RQ KLV DFKLHYHPHQWVÂ« 3OD\LQJ LW VDIH ZLOO QR ORQJHU EH DQ RSWLRQ LI UHOHDVHV VXFK DV WKLV FRQWLQXH EHLQJ WKH WUHQG Âµ Â²DOODXVVLH +LS +RS Â´0DQWUDÂ·V WKLUG IXOO OHQJWK UHOHDVH JLYHV OLVWHQHUV DQ HPRWLRQDO VSHFWUXP RI $XVWUDOLDQ KLS KRS ZLWKRXW IRUIHLWLQJ WKH 0&Â·V WDOHQW DV RQH RI WKH VFHQHV PRVW WHFKQLFDOO\ JLIWHG O\ULFLVWV Âµ Â²7RQH 'HDI Â´7HOOLQJ 6FHQHV LV D FRPSHOOLQJ DFKLHYHPHQW ,WÂ·V WKH DOEXP 0DQWUD KDG WR JLYH XV Âµ Â²7KH0XVLF 7HOOLQJ 6FHQHV KDV DOUHDG\ VSDZQHG WZR VXFFHVVIXO VLQJOHV Â² FURZG IDYRXULWH /RXGPRXWK DQG WKH GDUNHU %UHDN 7UDGLWLRQ Â² EXW LW LV WKH DOEXP DV D ZKROH WKDW EHVW VKRZFDVHV KRZ KLJK 0DQWUD

KDV UDLVHG WKH EDU (SLF DQG SURGLJLRXV 7HOOLQJ 6FHQHV KDV GHOLYHUHG 0DQWUD VWUDLJKW LQWR WKH XSSHU HFKHORQV RI KLV FUDIW

0DQWUD NLFNHG RII KLV QDWLRQDO DOEXP WRXU ODVW ZHHN LQ :$ ZLWK 0HOERXUQHÂ·V *UH\ *KRVW ZLWK $XVWUDOLDQ VWDWHV VWLOO WR YLVLW IDQV FDQ VHH QHZ VRQJV IURP 7HOOLQJ 6FHQHV SHUIRUPHG OLYH IRU WKH ILUVW WLPH 0DQWUD ZLOO EH RQ WKH URDG XQWLO 2FWREHU ZKHQ WKH WRXU ZUDSV XS LQ $GHO DLGH VHH IXOO GDWHV EHORZ 0DQWUD 7HOOLQJ 6FHQHV Â² $OEXP /DXQFK 7RXU Â² 6HSWHPEHU 2FWREHU *UH\ *KRVW ZLOO EH MRLQLQJ 0DQWUD LQ :$ 4/' 6$ $OO WLFNHW DQG VKRZ GHWDLOV DYDLODEOH IURP KWWS ZZZ PDQWUDHPFHH FRP KWWS ZZZ PDQWUDHPFHH FRP

2IILFLDO KWWS PDQWUDHPFHH FRP __ 3XUFKDVH KWWSV LWXQHV DSSOH FRP DX DOEXP WHOOLQJ VFHQHV LG __ 7HQ 7R 7ZR 5HFRUGV KWWS WHQWRWZRUHFRUGV FRP

3RVWHG LQ 7HQ 7R 7ZR 5HFRUGV7DJJHG $,5 &KDUWV DOODXVVLH KLS KRS $5,$ *UH\ *KRVW +LS +RS 0DQWUD 7HOOLQJ 6FHQHV3HUPDOLQN/HDYH D FRPPHQW %ORJ DW :RUG3UHVV FRP 7KH &ROXPQLVW 7KHPH

+RPH

/64,

5,;>692

9,=0,>:

:(;<9+(@ 56=,4),9

,QGH[

5HFHQW 7RSLFV

.(33,9@

;,?; :0A,

>/(; : 65

36.05

(45 9(+06

3(<5*/ (45 9(+06

6HDUFK

:HOFRPH *XHVW 8VHUQDPH

3DVVZRUG

5HPHPEHU PH

/RJLQ

)RUJRW \RXU SDVVZRUG" )RUJRW \RXU XVHUQDPH" &UHDWH DQ DFFRXQW 7KH $XVWUDOLDQ 0XVLFLDQ 1HWZRUN )RUXP 7KH $XVWUDOLDQ 0XVLFLDQ )RUXP 0XVLF QHZV 0$175$ 7HOOLQJ 6FHQHV GHEXWV DW RQ $,5 ,QGHSHQGHQW $OEXP &KDUW YLHZLQJ *XHVW ,QGXVWU\ UHODWHG QHZV 5(3/< 723,&

1(: 723,&

3DJH

723,& 0$175$ 7HOOLQJ 6FHQHV GHEXWV DW RQ $,5 ,QGHSHQGHQW $OEXP &KDUW 0$175$ 7HOOLQJ 6FHQHV GHEXWV DW RQ $,5 ,QGHSHQGHQW $OEXP &KDUW PRQWK ZHHNV DJR

$01 0XVLF 1HZV

2))/,1(

3ODWLQXP %RDUGHU 3RVWV

2QH RI $XVWUDOLD V EHVW DQG PRVW UHVSHFWHG UDSSHUV 0$175$ KDV GHEXWHG DW RQ WKH $,5 ,QGHSHQGHQW $OEXP FKDUWV RQ WKH $5,$ $OEXP FKDUWV DQG RQ WKH $5,$ $XVWUDOLDQ $OEXP FKDUWV ZLWK KLV WKLUG DOEXP 7HOOLQJ 6FHQHV ,W LV DOVR WKLV ZHHN V RQ WKH $5,$ 8UEDQ $OEXP 7KH DOEXP KDV DOUHDG\ VSDZQHG WZR VXFFHVVIXO VLQJOHV FURZG IDYRXULWH /RXGPRXWK DQG WKH GDUNHU %UHDN 7UDGLWLRQ EXW LW LV WKH DOEXP DV D ZKROH WKDW EHVW VKRZFDVHV KRZ KLJK 0DQWUD KDV UDLVHG WKH EDU

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

6DWXUGD\ 2FWREHU # 6RO %DU 0$522&+<'25(

6DWXUGD\ 2FWREHU # (G &DVWOH $'(/$,'(

*UH\ *KRVW QRW DSSHDULQJ 5(3/< 5(3/< 723,&

1(: 723,&

7KH $XVWUDOLDQ 0XVLFLDQ 1HWZRUN )RUXP

4827( 3DJH

7KH $XVWUDOLDQ 0XVLFLDQ )RUXP

0XVLF QHZV 0XVLF QHZV

7LPH WR FUHDWH SDJH VHFRQGV

)HJR [V ;VW *VW`YPNO[ (\Z[YHSPHU 4\ZPJPHU 5L[^VYR 7[` 3[K

From: "Your Daily SPA - theMusic.com.au" <dailyspa@themusic.com.au> Subject: Splendour: first gallery, know the bands (and another fking list), Aussies all over US album chart, best films of MIFF plus album details from Mantra, Paper Kites Date: 26 July 2013 3:02:50 PM AEST To: "Seam Lam" <lam.seam@gmail.com> Reply-To: dailyspa@themusic.com.au

Friday 26 July 2013

GALLERY: SPLENDOUR'S $50 GUMBOOTS With a ground that looks mud-inclined, we hope you brought your own gumboots. And ultimate Alt-J proof for the final doubters. READ MORE...

FRANK OCEAN PREPARING TO CANCEL SHOW? Rumors have emerged that Splendour headline act Frank Ocean will cancel his sold out Melbourne sideshow tonight. READ MORE...

AUSSIE ARTISTS DEBUT IN US CHART TOP 20 Gold Coast pop star Cody Simpson has debuted at ten in the US album charts this week, as Sydney's Sick Puppies land at 17. READ MORE...

TOOT TOOT TOOTS DITCH THEIR 'FART NAME' Melbourne's The Toot Toot Toots will be known as Twin Beasts from here on in, to stop the farting connotations. READ MORE...

ANOTHER F**KING SPLENDOUR LIST Dan Condon's Sick Tunes is bloody sick of all these Splendour-related lists... so he picks five bands you have to see this weekend. READ MORE...

THE MELBOURNE FILM FEST'S 13 BEST FILMS Resident film snob Anthony Carew looks through the 13 best films of this year's Melbourne International Film Festival. READ MORE...

CODY SIMPSON REPLACING ALT-J AT SITG Gold Coast heartthrob Cody Simpson is being flown in to replace Alt-J as Splendour In The Grass' secret band for tomorrow. READ MORE...

SPLENDOUR: Know your bands. theMusic's guide to the festival's artists

WATCH: The Transistors sell out to the corporations in latest video clip

Cliff Notes Mantra reveals details of new album Telling Scenes. (Pictured) Stonefield drop new single, reveal tour dates. The legendary Television announce Aussie theatre shows. The Paper Kites to release debut album in August. Winners of theMusic's Splendour ticket giveaway. RANDOM SELECTION: A difficult second album meets its band.

This Weekend on theGuide:

SURFER BLOOD

JAGWAR MA SA, FRI: Rocket Bar

NSW, FRI: Oxford Art Factory [get info]

AIRBOURNE NSW, SAT: The HiFi

[get info]

THE PROTOMEN NSW, SUN: Annandale Hotel [get info]

[get info]

SPLENDOUR IN THE GRASS NSW, SAT: North Byron Parklands, feat. Flume [get info]

JAKE BUGG VIC, SUN: Corner Hotel [get info]

EVERYTHING EVERYTHING

CITY CALM DOWN

VIC, FRI: Corner Hotel

WA, FRI: Villa

[get info]

ALT-J

THE TONGUE

WA, SAT: Challenge Stadium

NT, SAT: Bojangles Saloon

[get info]

GRACE WOODROOFE WA, SUN: Mojo's [get info]

[get info]

ALL THE GIGS IN YOUR TOWN THIS WEEKEND! [get info] HANG WITH US

(SS

;V\Y

9LSLHZL

+HUJL

.PN

-LZ[P]HS

0UK\Z[Y`

-PST

(Y[Z

/64, 5,>: ;/, .<0+, 05;,9=0,>: 9,=0,>: )36.: 30:;,5 >(;*/ -,:;0=(3: >05 :;69,

5(/($6( 086,& 1(:6 7285

79,40,9,! 4(5;9( *(33: 65 @6<;/ ;6 ,5+ ;/, 7,97,;<(3 =063,5; )<33:/0; $XJXVW

6WDII :ULWHU 2QH RI WKH PDQ\ ILQH YRLFHV LQ $XVVLH KLS KRS WRGD\ 0DQWUD ZLOO GURS KLV QHZ DOEXP 7HOOLQJ 6FHQHV RQ )ULGD\ 6HSWHPEHU WKURXJK 7HQ 7R 7ZR 5HFRUGV EXW EHIRUH WKDW KH KDV JLYHQ XV D OLWWOH ELW RI DQ LQVLJKW LQWR WKH UHFRUG WR VKDUH ZLWK \RX JX\V VWDUWLQJ WRGD\ ZLWK WKH /3Ò&#x2039;V VHFRQG VLQJOH %UHDN 7UDGLWLRQ 7KH WUDFN SURGXFHG E\ \RXQJ %ULVEDQH SURGXFHU &DP %OXII LV DERXW YLROHQW EHKDYLRXU DQG KRZ LW WHQGV WR EH SDVVHG GRZQ WR FKLOGUHQ IURP WKHLU SDUHQWV DQG RWKHU HOGHUV ,WÒ&#x2039;V D FDOO WR LQGLYLGXDOV WR VWHS RXW RI WKDW F\FOH RI YLROHQFH <RX FDQ KHDU 0DQWUD FKDW DERXW LW KHUH

/LVWHQ RXW IRU WKH DSSHDUDQFHV IURP &LVFR 7DYDUHV DQG WKH0$66,9( +LS +RS &KRLU :HÒ&#x2039;OO EULQJ \RXU PRUH LQVLJKWV IURP 0DQWUDÒ&#x2039;V ODWHVW /3 LQ WKH FRPLQJ ZHHNV 0DQWUD LV FXUUHQWO\ RQ WKH URDG ZLWK 6HWK 6HQWU\ DQG *UH\ *KRVW \RX FDQ FKHFN RXW DOO WKH GDWHV EHORZ

From: "Your Daily SPA - theMusic.com.au" <dailyspa@themusic.com.au> Subject: Annandale Hotel closes after robbery, Jack White cops restraining order, top musician in AMID Power 50 revealed and stream the new Dead Letter Circus! Date: 2 August 2013 4:21:29 PM AEST To: "Seam Lam" <lam.seam@gmail.com>

Friday 2 August 2013

POWER 50 BY THE NUMBERS & TOP MUSOS With the top 20 revealed, take a look at some of the AMID Power 50 stats, plus this year's top musicians. READ MORE...

ANNANDALE HOTEL RANSACKED AND ROBBED The Annandale Hotel in Sydney was ransacked over night. It has cancelled tomorrow night's show as a result. READ MORE...

EXCLUSIVE STREAM: DEAD LETTER CIRCUS The mighty Brisbane prog-rock group Dead Letter Circus stream their new LP on theMusic before its release next week. READ MORE...

JACK WHITE IN EX-WIFE RESTRAINING ORDER Jack White has reportedly been slapped with a restraining order by his ex-wife over alleged harrasment and bullying. READ MORE...

HANDS LIKE HOUSES DEBUT IN US TOP 40 Canberra post-hardcore act Hands Like Houses debut in the Top 40 of the Billboard charts this week, as Cody Simpson plummets. READ MORE...

FAKE AMID POWER 50 LEAK FOOLS INDUSTRY SPA Confidential can this afternoon reveal the real top ten of the AMID Power 50 after a false leak had AJ Maddah at number one. READ MORE...

PREMIERE: Mantra calls on youth to end violent bullsh**t

Queenscliff Music Festival announce more acts, including San Cisco and PEZ

(SS ;V\Y 9LSLHZL +HUJL .PN -LZ[P]HS 0UK\Z[Y` -PST (Y[Z /64, 5,>: ;/, .<0+, 05;,9=0,>: 9,=0,>: )36.: 30:;,5 >(;*/ -,:;0=(3: 4(.: 05+<:;9@ :;69,

0DQWUD 5(/($6( 086,& 1(:6

79,40,9,! 4(5;9( :<--,9,+ -69 /0: (9; 65 5,> .9,@ ./6:; *633() $XJXVW 6WDII :ULWHU

2XU WUDFN E\ WUDFN VHULHV ZLWK 0HOERXUQH 0& 0DQWUD FRQWLQXHV WRGD\ ZLWK WKH UDSSHU EUHDNLQJ GRZQ QRW RQH EXW WKUHH VRQJV WKDW ZLOO IHDWXUH RQ KLV XSFRPLQJ DOEXP 7HOOLQJ 6FHQHV 2QH RI WKH WUDFNV KH WDONV DERXW LV (QHUJ\ KLV FROODERUDWLRQ ZLWK IHOORZ 0HOEXUQLDQ UK\PHU *UH\ *KRVW DQG 6ZHGH 3URPRH RI /RRSWURRS IDPH (YHQ WKRXJK WKH SURFHVV WR SXW WRJHWKHU WKH WUDFN ZDV VRPHWKLQJ WKH UDSSHU WKRURXJKO\ HQMR\HG ZLWK KLV FRXQWHUSDUWV WKHUH ZDV D VOLJKW ZHDWKHU LVVXH WKDW PDGH WKH YRFDO

WUDFNLQJ SURFHVV D WDG VZHDW\ %XW DV 0DQWUD VD\V \RX JRWWD VXIIHU IRU \RXU DUW &KHFN RXW WKH YLGHR EHORZ

7KH 0& DOVR JLYHV XV WKH ORZGRZQ RQ WKH YHU\ FDQGLG 4XLFNVLOYHU ZKLFK LQ D UDUH PRYH KH DOVR VLQJV RQ DQG WKH ILUVW MDP KH ZURWH IRU 7HOOLQJ 6FHQHV /HDUQ <RXU /DQJXDJH :DWFK HP QRZ

7KH DOEXP GURSV YLD 7HQ 7R 7ZR 5HFRUGV RQ )ULGD\ 6HSWHPEHU $QG \RX FDQ DOVR FDWFK WKH UDSSHU OLYH DW WKH IROORZLQJ GDWHV WKURXJKRXW 6HSWHPEHU DQG 2FWREHU RQ KLV MXVW DQQRXQFHG WRXU 7LFNHWV JR RQ VDOH 7KXUVGD\ $XJXVW DW DP (UURU

6HQG

From: "Your Daily SPA - theMusic.com.au" <dailyspa@themusic.com.au> Subject: Massive Hunters tribute tracklist, Universal promote A&R exec to push export, meet the new Eskimo Joe, Rdio look to convert internet radio users and band ditches #auspol Date: 9 August 2013 4:28:06 PM AEST To: "Seam Lam" <lam.seam@gmail.com>

Friday 9 August 2013

VEDDER, FINN, KELLY FOR HUNTERS TRIBUTE The Hunters & Collectors tribute tracklist is out: Eddie Vedder & Neil Finn, The Avalanches, Paul Kelly, Birds Of Tokyo... READ MORE...

FULL STREAM: THE ESKIMO JOE YOU PAID FOR After teasing the matter yesterday, we've got our hands on the full stream of the new Eskimo Joe single that their fans crowdfunded. READ MORE...

UNIVERSAL PUSH GLOBAL DEALS FOR LOCALS The Universal Music Group have promoted A&R executive Michael Taylor to increase the label's global deals for local acts. READ MORE...

YOUR WEEKEND'S DRUNKEN SINGALONG As well as your weekend's drunken singalong, Sick Tunes has indie veterans, kiwi punk geniuses and chanteuses. READ MORE...

RDIO UNVEIL THEIR 'PANDORA KILLER' Streaming service Rdio looks to convert internet streaming radio users with the roll out of personalised 'stations'. READ MORE...

BAND DITCHES AUS POLITICS CONCEPT ALBUM The Mars Volta have decided against basing their comeback concept album on the current Australian federal election. READ MORE...

PREMIERE: Tumbleweed take to the desert in new clip

PREMIERE: Mantra on suffering with Grey Ghost

RELEASE: Gurrumul pays tribute to Dr Yunupingu with Maralitja - Crocodile Man

BLOG: Get your sh*t together with Film Carew and new flick Frances Ha

Cliff Notes Gudinski backs commercial radio band comp again for 2013. (Pictured) CherryFest fleshes out line-up with reformations and rare Germans. Fans choose Red Jumpsuit Apparatus' tour locations. Eleventh He Reaches London finally release new single. VEVO developing app for Apple TV. RANDOM SELECTION: Zookeeper suspended for punching a seal.

The Weekend on theGuide:

SHAPESHIFTER NSW, FRI: Metro Theatre [get info]

THE GETAWAY PLAN TAS, SAT: The Waratah [get info]

CLARE BOWDITCH

COSMIC PSYCHOS

SA, FRI: The Gov

VIC: The Hi-Fi

[get info]

YOU AM I QLD, SAT: Tanks Arts Centre [get info]

[get info]

THE SMITH STREET BAND VIC, SAT: Old Bar [get info]

ILUKA

SETH SENTRY

KARNIVOOL

ACT, SUN: Front Cafe & Gallery

QLD, SUN: Spotted Cow

WA: Metro City

[get info]

DIALECTRIX WA: Mojo's Bar [get info]

YOTHU YINDI NT, SAT: National Indigenous Music Awards [get info]

ALL THE GIGS IN YOUR TOWN TONIGHT! [get info]

From: Tone Deaf's Tucker Bag <marketing@tonedeaf.com.au> Subject: Falls Festival Lineup, Most Hated Bands, Aussie Band Robbed, Lorde Builds Buzz, Music On Airlines, Band Name Origins, Arcade Fire Score, Tours & More Date: 12 August 2013 2:05:42 PM AEST To: <seam.lam18@gmail.com> Reply-To: Tone Deaf's Tucker Bag <marketing@tonedeaf.com.au> Falls Festival Lineup, Most Hated Bands, Aussie Band Robbed, Lorde Builds Buzz, Music On Airlines, Band Name Origins, Arcade Fire Score, Tours & More

LATEST HEADLINES

Falls Festival 2013 Lineup Announced Falls Festival 2013 Lineup has been announced with a huge list of bands headed to the annual New Yearâ&#x20AC;&#x2122;s arts and

The 15 Most Hated Bands In Music Of The Last 30 Years Music fans can be a pretty tribalistic bunch. As much as an obsession with a band can cultivate immeasurable acts of

The Smith Street Band Equipment Stolen At Melbourne Gig Melbourne favourites The Smith Street Band have taken to their social media calling for their fanbase to help them catch a

Artist Etymology: The Origins Of Your Favourite Band Names Pt. 2 Ever wondered where your favourite band got their name from? Some of our most loved artists get their moniker inspirations from

Lorde Declares “Pop Music Doesn’t Have To Be Stupid” As Overseas Buzz Builds Australians and New Zealanders are already all over Lorde; following on from the success of her singles ‘Royals’ and ‘Tennis Court’,

Music Streaming And Live Gigs, Coming To A Flight Near You Its sometimes tricky to stave off boredom on those longer airborne trips, which is why in-flight entertainment is usually the highlight

New Tours: Mantra, The Delta Riggs, Katchafire, Hellions, MTNs & More There’s always plenty of concerts and gigs for live music lovers to see all around Australia. Get all the latest info on

Afternoon Snack: Arcade Fire Film Score, Rare Dylan Song, Childish Gambino TV & More Feeling the midday blues? We’ve got some tasty afternoon treats in the forms of tracks, videos, and news tidbits from around

5IF 0SBOHF 1SFTT

7KH 2UDQJH 3UHVV ,17(59,(: 0$175$

6+$5( 7+,6 9,'(2

3PRL

0HOERXUQH EDVHG 0& 0DQWUD KDV EHHQ EXLOGLQJ VRPH EX]] ODWHO\ ZLWK KLV XSFRPLQJ DOEXP 7HOOLQJ 6FHQHV ERXQG WR EH FKRFN IXOO RI JUHDW WXQHV DW OHDVW EDVHG RQ KLV SUHYLRXV VLQJOH Ҋ/RXGPRXWKҋ DERYH ZKLFK JDLQHG KLP DFFRODGHV DQG IDQV DFURVV WKH WKH ERDUG :LWK KLV QHZ VLQJOH MXVW UHOHDVHG EHORZ ZH KDG D FKDW ZLWK KLP LQ WKH KRSHV RI XQGHUVWDQGLQJ ZKDW PDNHV WKLV WDO HQWHG ODG WLFN«

:KR LV LQ \RXU &' SOD\HU DW WKH PRPHQW" $W WKH PRPHQW , FDQҋW VWRS OLVWHQLQJ WR .ҋ1DDQ ,ҋYH EHHQ D IDQ IRU \HDUV EXW , MXVW UHYLVLWHG KLV ILUVW DOEXP 7KH 'XVW\ )RRW 3KLORVRSKHU DQG LW KDV EHHQ D KXJH VRXUFH RI LQVSLUDWLRQ ODWHO\ )DYRXULWH Ҋ8S &RPLQJҋ DUWLVW" '\ODQ -RHO LV WKH NLG ,ҋP FKHFNLQJ IRU ULJKW QRZ 'XGH LV IUHVK KDV D UHDOO\ JRRG DWWLWXGH WRZDUGV OLIH DQG PXVLF DQG UHDOO\ NQRZV KRZ WR SUHVHQW KLV PXVLF ZHOO +HҋV QR IULOOV DQG QR EXOOVKLW DQG , UHDOO\ OLNH WKDW $W ZKDW DJH GLG \RX IDOO LQ ORYH ZLWK ROG ODG\ KLS KRS" +LS +RS DQG , IOLUWHG IRU D ORQJ WLPH EHIRUH ZH IHOO LQ ORYH , ZDV LQWURGXFHG WR 3XEOLF (QHP\ ZKHQ , ZDV OLNH DQG , ORYHG WKHP , VWLOO GR )URP WKHQ RQ , ZDV DOZD\V D ELJ IDQ RI +LS +RS EXW LW ZDVQҋW XQWLO P\ WHHQ \HDUV WKDW , UHDOO\ IHOO LQ ORYH ZLWK LW , ZDV EHLQJ LQWURGXFHG WR DOO NLQGV RI QHZ DUWLVWV DQG WKRXJK , GLGQҋW NQRZ LW DW WKH WLPH LW ZDV FKDQJLQJ P\ OLIH FRPSOHWHO\ +RZ GLG \RX KRRN XS ZLWK Ҋ7HQ 7R 7ZR 5HFRUGVҋ" , PHW WKH JX\V IURP 7HQ 7R 7ZR D IHZ \HDUV EDFN QRZ WKH\ ZHUH PDQDJLQJ P\ PDWHV *UH\ *KRVW DQG 6HWK 6HQWU\ 6R ZH EHFDPH IULHQGV DQG WKH\ ZHUH DOZD\V NHHSLQJ LQ WRXFK ZLWK ZKDW , ZDV XS WR DQG ZKHUH , ZDV DW ZLWK P\ PXVLF $W WKDW WLPH , ZDV ZRUNL QJ RQ WKLV FXUUHQW UHFRUG ZKLFK ZDV XQVLJQHG /DVW \HDU WKH\ GHFLGHG WR VWDUW XS WKHLU RZQ ODEHO KDYLQJ DOUHDG\ IDFLOLWDWHG D EXQFK RI VXFFHVVIXO LQGHSHQGHQW UHOHDVHV DQG ZKHQ WKH\ JRW LW XS DQG UXQQLQJ WKH\ FDPH

DQG VSRNH WR PH , KDG D ORW RI IDLWK LQ WKHP DV D WHDP DQG WKH\ ZHUH VR SDVVLRQDWH DERXW P\ PXVLF LW MXVW IHOW ULJKW WR VLJQ ZLWK WKHP <RX KDYH ZRUNHG ZLWK *UH\ *KRVW SUHYLRXVO\ ,W LV REYLRXVO\ D VXFFHVVIXO SDUWQHUVKLS ZKDW NLQG RI G\QDPLF GR \RX WZR VKDUH" 7KH *KRVW LV RQH RI P\ FORVHVW IULHQGV DQG KDV EHHQ IRU \HDUV :H PHW FRV WKH EDQGV ZH XVHG WR SHUIRUP ZLWK GLG D JLJ WRJHWKHU 0XVLF ZDV DOZD\V RXU VWURQJHVW OLQN VR ZHÒ&#x2039;YH ZULWWHQ VRQJV WRJHWKHU WKH ZKROH WLPH ZHÒ&#x2039;YH NQRZQ HDFK RWKHU ,WÒ&#x2039;V GHILQLWHO\ WKH PRVW SURGXFWLYH FROODERUDWLRQ SURFHVV ,Ò&#x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Ò&#x2039;P DOZD\V KDSS\ WR

KHDU LW 7KDW VDLG , XVXDOO\ KDYH D SUHWW\ VWURQJ LGHD RI ZKDW ,Ò&#x2039;P ORRNLQJ IRU LQ D SDUWLFXODU VRQJ VR , OLNH WR ZRUN ZLWK WKH SURGXFHU WR PDNH LW KDSSHQ :KDW VHWV 7HOOLQJ 6FHQHV DSDUW IURP \RXU SUHYLRXV ZRUN" ,Ò&#x2039;YH GHILQLWHO\ JRQH WR VRPH QHZ SODFHV ZLWK 7HOOLQJ 6FHQHV 7KH VWRULHV RQ WKH DOEXP DUH D ORW PRUH SHUVRQDO PRUH KRQHVW , GRQÒ&#x2039;W WKLQN

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ҋV RZQ VHW RI XSV DQG GRZQV WULXPSKV DQG KXUGOHV (DFK UHFRUG ,ҋYH UHOHDVHG KDV JLYHQ PH VRPH RI WKH PRVW MR\RXV MXELODQW PRPHQWV RI P\ OLIH EXW DOVR VRPH RI WKH KDUGHVW :KHQ \RXҋUH WKH RQO\ RQH PDNLQJ DQ DOEXP KDSSHQ ² IXQGLQJ LW ZULWLQJ LW SURGXFLQJ LW UHFRUGLQJ LW PL[LQJ LW ² LW FDQ UHDOO\ WDNH LWV WROO RQ \RX %XW DW WKH HQG RI WKH GD\ \RX FDQ VD\ ² , GLG WKDW 7KDWҋV PLQH ,Q WKH GLVWDQW IXWXUH ZKHQ \RX KDQJ XS \RXU ҊERRWVҋ ZKDW GR \RX ZDQW WR EH UHPHPEHUHG IRU" ,ҋYH QHYHU UHDOO\ WKRXJK DERXW LW WR EH KRQHVW 7R EH UHPHPEHUHG DW DOO ZRXOG EH D ILQH WKLQJ $ ORW RI DPD]LQJ DUWLVWV DQG SHRSOH DUHQҋW UHPHPEHUHG IRU DQ\WKLQJ WKH\ GR %XW , JXHVV LI , FRXOG EH UHPHPEHUHG IRU VRPHWKLQJ , ZRXOG OLNH LW WR EH WKDW , PDGH VRPH NLQG RI GLIIHUHQFH ZLWK WKH DUW , PDGH $ SRVLWLYH GLIIHUHQFH ZKHWKHU WR D SHUVRQ D JURXS RI SHRSOH D JHQUH ZKDWHYHU 7KDW , PDGH VRPHWKLQJ FKDQJH

&DQ \RX JLYH VRPH LQIRUPDWLRQ RQ WKH ZKHQ \RX ZLOO EH XQOHDVKLQJ \RXU RZQ +HDGOLQLQJ 7RXU" ,ҋOO EH DQQRXQFLQJ DOO WKH LQIR IRU P\ DOEXP WRXU RQ )ULGD\ $XJXVW $OO GHWDLOV ZLOO EH XS RQ P\ ZHEVLWH PDQWUDHPFHH FRP DQG P\ VRFLDO PHGLD SDJHV :KDW GRHV WKH QH[W PRQWKV KDYH LQ VWRUH IRU \RX" ,ҋOO EH WRXULQJ IODW RXW WLO 1RYHPEHU ,ҋP FXUUHQWO\ RQ WKH URDG ZLWK 6HWK 6HQWU\ IRU KLV 9DFDWLRQ WRXU 7KDW HQGV LQ ODWH 6HSWHPEHU DW ZKLFK WLPH

P\ DOEXP WRXU NLFNV RII 6R DIWHU WKDW , LPDJLQH , PLJKW QHHG D QDS EXW VXPPHU LV SURPLVLQJ WR EH TXLWH EXV\ VR ,Ò&#x2039;OO VHH KRZ , JR " 0$175$ 7(//,1* 6&(1(6 $/%80 /$81&+ 7285 6(37(0%(5 Â² 2&72%(5 *5(< *+267 ZLOO EH MRLQLQJ 0$175$ LQ :$ 4/' 6$ 7,&.(76 21 6$/( 7+856'$< $8*867 $0 7+856'$< 6(3 Â² )/<5,7( 3(57+ Â² )5,'$< 6(3 Â² 02-2Ò&#x2039;V )5(0$17/( Â² 7+856'$< 2&7 Â² *5($7 1257+(51 1(:&$67/( Â² )5,'$< 2&7 Â² $11$1'$/( +27(/ 6<'1(< Â² 6$785'$< 2&7 Â² %($&+&20%(5 728./(< Â² )5,'$< 2&7 Â² 7+( (9(/<1 0(/%2851( Â² 7+856'$< 2&7 Â² 7(032 +27(/ %5,6%$1( Â² 6$7 2&7 Â² 62/ %$5 0$522&+<'25( Â² 6$7 2&7 Â² (' &$67/( $'(/$,'( Â² *UH\ *KRVW QRW DSSHDULQJ $OO WLFNHW DQG VKRZ GHWDLOV DYDLODEOH IURP ZZZ PDQWUDHPFHH FRP 7(//,1* 6&(1(6 7UDFN /LVWLQJ 6FHQH 2QH ,QWURGXFWLRQ

/HDUQ <RXU /DQJXDJH (QHUJ\ )HDW *UH\ *KRVW 3URPRH 7KH )HDU 4XLFNVLOYHU )HDW 6LPRQH 3DJH -RQHV /RXGPRXWK 7HOOLQJ 6FHQHV %DED )HDW $OLD *DEUHV ,QWHUOXGH

%DE\ *LUO )HDW .\OLH $XOGLVW %UHDN 7UDGLWLRQ )HDW &LVFR 7DYDUHV :KRÒ&#x2039;V <RXU )DYRXULWH 5DSSHU 6NLW

3HUIHFW &ULPH )HDW ORXLV ORJLF 'U 7UHPEDWK 0HHWV 3URIHVVRU 9RQ +RUQ 6NLW

7KH ([SHULPHQW )HDW 7 RP 7KXP )LJKWLQJ $V 7KH 6XQ *RHV 'RZQ 3PRL

(SS

4\ZPJ

(Y[Z

-PST

0UK\Z[Y`

/64, 5,>: ;/, .<0+, 05;,9=0,>: 9,=0,>: )36.: 30:;,5 >(;*/ -,:;0=(3: >05 :;69,

0DQWUD 086,&

)9,(205. ;9(+0;065 2Q WKH YHUJH RI UHOHDVLQJ KLV WKLUG IXOO OHQJWK DOEXP 7HOOLQJ 6FHQHV 0DQWUD FKDWV WR .DQH 6XWWRQ DERXW PXVLFDO JURZWK PDWXULW\ DQG WKH UHDVRQLQJ EHKLQG FKRRVLQJ KLV ILUVW WZR VLQJOHV , VWLOO FDQҋW EHOLHYH WKLV LV HYHQ D SRVVLELOLW\ µ 0DQWUD VXJJHVWV KXPEO\ RI KLV EXGGLQJ FDUHHU DV D KLS KRS DUWLVW ´:KHQ , VWDUWHG , KDG QR LQWHQWLRQ RI HYHU WU\LQJ WR PDNH LW D FDUHHU , GLGQҋW WKLQN LW ZDV D SRVVLELOLW\ DW DOO $QG WKDW ZDVQҋW HYHQ D SULRULW\ IRU PH , MXVW GLG LW EHFDXVH , ORYHG GRLQJ LW , GLGQҋW HYHQ UHDOO\ NQRZ WKDW $XVWUDOLDQ KLS KRS H[LVWHG ZKHQ , VWDUWHG JHWWLQJ LQWR LW , HQMR\HG LW VR , ILJXUHG WKDWҋV ZKDW , ZDQWHG WR GR 7KHUH ZDV QHYHU UHDOO\ D SRLQW ZKHUH , GHFLGHG , QHHG WR GR WKLV LQ D VHULRXV ZD\ , MXVW JUDGXDOO\ QRWLFHG WKDW $XVVLH KLS KRS ZDV EHFRPLQJ D UHDOO\ YDOXHG JHQUH µ 7KUHH DOEXPV LQ 0DQWUD UHIOHFWV RQ WKH SHUVRQ KH ZDV RQ UHOHDVLQJ KLV GHEXW ´, WKLQN LWҋV YHU\ FOHDU RQ WKLV UHFRUG WKDW ,ҋYH OHDUQHG D ORW RI WKLQJV PXVLFDOO\ DQG UHDOO\ KRQHG LQ RQ WKRVH WKLQJV WKDW , KDG VLJQV RI HDUO\ RQ 7KLV LV GHILQLWHO\ P\ PRVW PDWXUH VRXQGLQJ DOEXP EXW , GRQҋW UHDOO\ NQRZ LI ,ҋYH PDWXUHG DV D SHUVRQ ² , GRQҋW ZDQW WR JURZ XS DQG P\ FUHGLW UDWLQJ ZLOO SUREDEO\ YRXFK IRU WKDW , DOVR ORVW P\ ZDOOHW DW WKH YHQXH ODVW QLJKW , ZHQW WR WKH IURQW WR SXW VRPH QDPHV RQ WKH JXHVW OLVW DQG ZHQW Ҋ2K VKLW , KDYH WR JR DQG JHW P\ ZDOOHW , WKLQN , OHIW LW RQ WKH WDEOH ҋ DQG VKH VDLG Ҋ1R VRPHRQH KDQGHG LW LQ DW WKH EDU \RXUV LV WKH RQH ZLWK QR ,' DQG QR PRQH\ LQ LW ULJKW"ҋ 6R \HDK , ZHQW DQG JRW WKH ZDOOHW EXW WKHQ UHDOLVHG WKDW ZKHQ ,ҋG JRQH WR WDON WR WKH GRRU JLUO ,ҋG OHIW P\ ODSWRS VLWWLQJ RQ D FRXFK LQ WKH VDPH YHQXH ZLWK P\ ZKROH IXFNLQJ VHW RQ LW µ +LV ILUVW DOEXP IRU QHZ ODEHO 7HQ 7R 7ZR 5HFRUGV 7HOOLQJ 6FHQHV KDV DOUHDG\ VSDZQHG WZR VXFFHVVIXO

VLQJOHV Â² UDGLR DQWKHP /RXGPRXWK DQG WKH GDUNHU %UHDN 7UDGLWLRQ Â² EXW LWÒ&#x2039;V WKH DOEXP DV D ZKROH WKDW EHVW VKRZFDVHV KRZ 0DQWUD KDV UDLVHG WKH EDU Â´7KH WUDFNV DUH DOO UHDOO\ GLIIHUHQW :H WKRXJKW /RXGPRXWK ZRXOG EH D JRRG ILUVW VLQJOH EHFDXVH LWÒ&#x2039;V OLJKW KHDUWHG IXQQ\ DQG WDNLQJ LWVHOI D ORW OHVV VHULRXVO\ WKDQ VRPH RI WKH RWKHU VRQJV 7KHQ ZH GHFLGHG WR UHOHDVH%UHDN 7UDGLWLRQ ZKLFK KDG D GLIIHUHQW UHVSRQVH 7KH PHVVDJH LV VWURQJ DQG , EHOLHYH LW TXLWH ILUPO\ DQG LWÒ&#x2039;V DOVR D YHU\ OLWHUDO VRQJ Â² , ZDV UHDOO\ KDSS\ WKDW , FRXOG VXP LW XS VR FRQFLVHO\ , WKLQN SHRSOH DUH UHDOO\ LQWR LW IRU WKDW UHDVRQ ,WÒ&#x2039;V D PHVVDJH WKDW SHRSOH FDQ UHODWH WR YHU\ HDVLO\ Âµ $ERXW WR HPEDUN RQ D PDVVLYH QDWLRQDO WRXU 0DQWUD LV H[FLWHG DERXW KHDGLQJ ZHVW Â´, ORYH 3HUWK DQG )UHR VR ,Ò&#x2039;P UHDOO\ ORRNLQJ IRUZDUG WR WKDW Â² ZHÒ&#x2039;YH JRW D VWURQJ DQG OR\DO IDQEDVH WKHUH DQG , GRQÒ&#x2039;W JHW WR KHDG RYHU WRR RIWHQ VR ,Ò&#x2039;P UHDOO\ ORRNLQJ IRUZDUG WR WKDW $QG RQ D UHDOO\ VHOILVK OHYHO ,Ò&#x2039;P DOVR ORRNLQJ IRUZDUG WR MXVW FKLOOLQJ DW WKH EHDFK Âµ .DQH 6XWWRQ

KWWS WKHPXVLF FRP DX

6HDUFKÂ« /LNH

6HQG

SHRSOH OLNH WKLV

-VSSV^ ';OL4\ZPJ*VT(\

7RGD\

VHDUFK IRU D YHQXH

VHDUFK IRU DUWLVWV $GYDQFHG VHDUFK WKHPXVLF FRP DX HYHQWV

7HQ 7R 7ZR

'DWH RI UHOHDVH

$ /%80

6HSWHPEHU

7R VSHDN RI D KXQJU\ HPFHH GRHVQÒ&#x2039;W JHW WR WKH KHDUW RI LW +XQJHU LV DERXW GHVLUH , ZDQW IRRG +XQJHU LV QRW VWDUYDWLRQ , QHHG IRRG 6R WR GHVFULEH 0DQWUD DV KXQJU\ LV WR PLVV WKH SRLQW +H GRHVQÒ&#x2039;W ZDQW WR UDS +H PXVW UDS <RX FDQ KHDU LW LQ WKH IHURFLW\ RI KLV UDSLG ILUH GHOLYHU\ <RX FDQ IHHO LW LQ WKH ZD\ KH VTXHH]HV HYHU\WKLQJ KH FDQ IURP D UK\PH VFKHPH EHIRUH PRYLQJ RQ WR WKH QH[W RQH <RX FDQ VHQVH LW LQ WKH PLQL PHORGLHV WKDW SXQFWXDWH KLV UDSV 0DQWUD KDG WR PDNH 7HOOLQJ 6FHQHV WKLV ZD\ +H KDG QR RWKHU RSWLRQ /HDUQ <RXU /DQJXDJH LV D FDVH LQ SRLQW Â´<D \D \D \D \D \D \D Âµ DQG WKHQ Â² EDQJ :H ILQG RXUVHOYHV LQ 0DQWUDÒ&#x2039;V ZRUOG RI ZRUGV ERXQFLQJ DQG ERRP EDSSLQJ DORQJ ,W VHUYHV DV WKH DOEXPÒ&#x2039;V PLVVLRQ VWDWHPHQW ZH DUH KHUH WR WDON DERXW WDONLQJ 7KH )HDU KDV D VWXQQLQJ PRPHQW D OLWWOH DIWHU WKH WZR PLQXWH PDUN ZKHUH 0DQWUDÒ&#x2039;V PHORGLF FRPPDQG URDPV IUHH EHIRUH VHJXHLQJ EDFN WR WKH K\SQRWLF KRRN %UHDN 7UDGLWLRQ GHVHUYHV LWV UHSXWDWLRQ DV D FDOO WR DUPV IRU DOO ZKLWH ULEERQ ZHDUHUV 3HUIHFW &ULPH LV VWULNLQJ DQG SRZHUIXO FRPIRUWDEO\ WKH DOEXPÒ&#x2039;V EHVW 3UREOHPV" 7KH VNLWV GHWUDFW IURP WKH DOEXP D OLWWOH PRUH ZLWK HDFK OLVWHQ $IWHU DOO D JRRG MRNH JHWV ERULQJ IDVWHU WKDQ D JRRG VRQJ DQ DYHUDJH MRNH IDVWHU VWLOO Â² D PLQRU TXLEEOH 7HOOLQJ 6FHQHV LV D FRPSHOOLQJ DFKLHYHPHQW ,WÒ&#x2039;V WKH DOEXP 0DQWUD KDG WR JLYH XV -DPHV G $SLFH /LNH

;^LL[

/,67(1 :H YH JRW \RXU ILUVW WDVWH RI WKH QHZ :ROI &XE WUDFN &DQ W 5HPHPEHU 7KH /DVW 7LPH OLVWHQ DOO H[FOXVLYH ZROI DQG FXE FDQW UHPHPEHU WKH ODVW WLPH

%/2* )HDUOHVV EORJJHU .ULV 6ZDOHV UHWXUQV IURP D PRQWK LQ WKH ,QWHUQHW ZLOGHUQHVV ZLWK WKH PRWKHU RI DOO FRQVSLUDF\ WKHRULHV EORJ PXVLF NULV VZDOHV LV HGP MXVW D QHZ IRUP RI PN XOWUD PLQG FRQWURO

7+( 79 6(7 5RERWV DUH ILQDOO\ PDNLQJ WKHLU PRYH WR LQILOWUDWH RXU OLYHV ULJKW WKURXJK RXU WHOHYVLRQ VFUHHQV EORJ DUWV WKH WY VHW XV IDOO

(SI\T

-PST

3P]L

.LHY

(Y[Z

*VTLK`

/64, 5,>: ;/, .<0+, 05;,9=0,>: 9,=0,>: )36.: 30:;,5 >(;*/ -,:;0=(3: >05 :;69,

4(5;9( 3 -9,:/ ;/, 3065 ,=,3@5 /6;,3 2FWREHU

7KHUHҋV D VROLG FURZG DVVHPEOHG IRU / )UHVK 7KH /,21ҋV ZDUP XS VHW DW (YHO\Q +RWHO RQ )ULGD\ QLJKW 7KH XS DQG FRPLQJ 0& DQG VXSSRUW DFW GX MRXU VHULRXVO\ KHҋV HYHU\ZKHUH

LV SXWWLQJ RQ D JRRG VKRZ EXW DQ XQXVXDOO\ KXVN\ TXDOLW\ LQ KLV YRLFH DQG D OLWWOH OHVV HQHUJ\ WKDQ QRUPDO VXJJHVW WKDW KH PD\ KDYH IDOOHQ SUH\ WR RQH RI WKH PDQ\ 0HOERXUQH EXJV JRLQJ DURXQG ,W GRHVQҋW VWRS KLP URFNLQJ RXW WR KLV UDGLR HDUZRUP 2QH WKRXJK '- )ODJUDQW VWHSV XS WR NHHS WKH FURZG HQWHUWDLQHG ZLWK D PLQL VHW RI $XVVLH KLS KRS FODVVLFV 7KH FURZG ODS LW XS EXW WKH\ UHDOO\ ILQG WKHLU YRLFH ZKHQ 0DQWUD MXPSV XS RQ VWDJH %DFNHG E\ )ODJUDQW DQG SHUFXVVLRQLVW 1HGD 5DKPDQL KH ODXQFKHV LQWR /HDUQ <RXU /DQJXDJH D WUDFN IURP KLV QHZ DOEXP 7HOOLQJ 6FHQHV 7KH HDUO\ SDUW RI WKH VHW EDODQFHV QHZ PDWHULDO ZLWK ROGHU FODVVLFV VXFK DV :KR 7KH )XFN ,V 0DQWUD DQG , +HUHE\ 6WDQG 7KHQ LWҋV VWXQW WLPH (DUOLHU LQ WKH GD\ 0DQWUD SXW D UHTXHVW RQ )DFHERRN IRU IDQV WR EULQJ SDSHU SODQHV ZLWK D ZRUG ZULWWHQ RQ WKHP WR WKH JLJ WRJHWKHU ZLWK WKH SURPLVH WKDW KHҋG IUHHVW\OH DERXW WKH ZRUGV GXULQJ KLV VHW 6R QDWXUDOO\ GXULQJ 3DSHU 3ODQHV KH UHTXHVWV WKDW WKH SODQW GHULYHG SURMHFWLOHV EH WKURZQ LQ WKH GLUHFWLRQ RI '- )ODJUDQWҋV IDFH ² ZLWK LQWHUHVWLQJ UHVXOWV ´6RPHRQH GRHVQҋW NQRZ KRZ WR VSHOO ҊFOLWRULVҋ µ VD\V 0DQWUD SHHULQJ DW DQ HDUO\ DUULYDO ZLWK FRQFHUQ 7KH IUHHVW\OH VHW RQFH LW JHWV JRLQJ LV DQ DEVROXWH KLW ² WRSLFV FRYHUHG LQ YHUVH LQFOXGH +HLVHQEHUJ XQLFRUQV $XVWUDOLDQ KLS KRS DQG 5,3 +XQWHU -RXVWLQJ WRQVLOV DQG IDUW ZHUH DOO XQOXFN\ DQG GLGQҋ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´0$1 75$ FODS FODS FODS µ OLNH WKH\ҋUH DW D IRRW\ PDWFK 0DQWUD REOLJHV ZLWK D ILQDOH SHUIRUPDQFH RI KLV VKRZVWRSSHU 7KH )UHDN 6KRZ ZKLFK OHDYHV WKH SXQWHUV

VDWLVILHG LI QRW HQWLUHO\ VDWHG Â² WKH\ UHDOO\ FDQÒ&#x2039;W JHW HQRXJK :ULWWHQ E\ $OHNVLD %DUURQ

)R[WHO FRP DX /RJLQ

0\ )R[WHO

'RZQORDG )R[WHO *R

3DFNDJHV 'HDOV

6SHFLDO 2IIHU

)LQG XV RQ

5HJLVWHU

$'9(57,6(0(17

+20( ! 1(:6 ! /$7(67 1(:6 ! 35(0,(5( 0$175$ %5($. 75$',7,21

-867 3/$<(' 21 $,5 )RUJHW <RX

3UHPLHUH 0$175$ %UHDN 7UDGLWLRQ 6KDUH_

;^LL[ _

<HDK <HDK <HDKV +HDGV :LOO 5ROO

6,7( 6($5&+ /LNH

6($5&+

/$7(67 9,'(26 /LNH D 'UXP *X\ 6HEDVWLDQ 9LHZ YLGHR

+DQG RQ +HDUW 2OO\ 0XUV 9LHZ YLGHR

&LW\ 2I $QJHOV >([SOLFLW@ 7KLUW\ 6HFRQGV 7R 0DUV 9LHZ YLGHR

5LJKW 7KHUH )HDW %LJ 6HDQ $ULDQD *UDQGH 9LHZ YLGHR

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

$'9(57,6(0(17

&203(7,7,216 :LQ WL[ /DEULQWK >9@ ,VODQG 3DUW\ 5HDG 0RUH

:LQ WZRGD\ WLFNHWV WR 6WHUHRVRQLF 5HDG 0RUH

:LQ WL[ WR VHH 0XVH PHHW WKH EDQG 5HDG 0RUH

.LQJV RI /HRQ /LYH RQ 6\GQH\ +EU 5HDG 0RUH

63(&,$/ )($785(

/DWHVW FRPPHQWV RQ WKLV DUWLFOH

(SS

;V\Y

9LSLHZL

+HUJL

.PN

-LZ[P]HS

0UK\Z[Y`

-PST

(Y[Z

/64, 5,>: ;/, .<0+, 05;,9=0,>: 9,=0,>: )36.: 30:;,5 >(;*/ -,:;0=(3: >05 :;69,

5(/($6(

79,40,9,! 4(5;9( 0 1<:; >65 ; :/<; ;/, -<*2 <7 $XJXVW

6WDII :ULWHU ,W VHHPV UDSSHU 0DQWUD VXIIHUV IURP D FRQGLWLRQ WKDW D ORW RI XV FDQ UHODWH WR YHUEDO GLDUUKHD 7KH 0HOERXUQH 0& KDV JLYHQ XV WKH ORZGRZQ RQ KLV WUDFN /RXGPRXWK ZKLFK LV EDVLFDOO\ MXVW DQ RGH WR KLP QRW EHLQJ DEOH WR VKXW WKH IXFN XS :H OLNH \RXU KRQHVW\ PDQ FKHFN RXW WKH YLG EHORZ

7KH UDSSHU DOVR JLYHV XV LQVLJKW LQWR D FRXSOH PRUH WUDFNV RII KLV XSFRPLQJ 7HOOLQJ 6FHQHV UHFRUG 7KH VRXOIXO WKURZEDFN %DE\ *LUOVHHV KLP FROODERUDWH ZLWK WKH PHVPHUL]LQJ YRLFH DQG 0HOERXUQH UR\DOW\ WKDW LV .\OLH $XOGLVW ZKLOH 7KH )HDU GHDOV ZLWK WKH WKLQJV WKDW PDNH \RX DIUDLG DQG DQ[LRXV DQG 0DQWUD SURPLVHV LW LV D PRQVWHU RI D WXQH :DWFK WKHP QRZ

7HOOLQJ 6FHQHV LV RXW WKURXJK 7HQ 7R 7ZR 5HFRUGV RQ )ULGD\ 6HSWHPEHU $QG \RX FDQ FDWFK KLP RQ WRXU WKURXJKRXW 6HSWHPEHU DQG 2FWREHU FKHFN RXW WKH*XLGH EHORZ IRU GHWDLOV

From: "Your Daily SPA - theMusic.com.au" <dailyspa@themusic.com.au> Subject: Soundwave 2014 line-up and analysis, Gareth Liddiard interviews Don Walker, BIGSOUND adds beer and Lorde cracks US top ten... Date: 23 August 2013 4:27:57 PM AEST To: "Seam Lam" <lam.seam@gmail.com> Reply-To: dailyspa@themusic.com.au

Friday 23 August 2013

GREEN DAY LEAD SOUNDWAVE FEST 2014 Line-up and analysis of next year's Soundwave. Featuring Green Day, Avenged Sevenfold, Alice In Chains, STP and more. FULL LINE-UP...

GARETH LIDDIARD INTERVIEWS DON WALKER The Drones’ Gareth Liddiard and Cold Chisel’s Don Walker go head-tohead on life, getting old and music. READ PART ONE HERE...

BANDS YOU MUST SEE AT SOUNDWAVE 2014 Sick Tunes will be heading to Soundwave next year, starting circle pits for Trash Talk, Rocket From The Crypt and Green Day. READ MORE...

BEER JOINS BIGSOUND DESIGN LINE-UP The final BIGSOUND Music+Design program is out, with The Grates' Patience Hodgson, Ianto Ware and craft beer. READ MORE...

LORDE CRACKS US DIGITAL CHART TOP TEN As New Zealand starlet Lorde rises into the top 25 of the Billboard 200, she also lands at eight in the US Digital Albums Chart. READ MORE...

FOLK BAND LIVID OVER SOUNDWAVE SNUB The festival season's 'next big indie-folk thing' are livid after being overlooked for the 2014 Soundwave bill. READ MORE...

THEMUSIC SESSIONS: Glass Towers perform Halcyon and Jumanji for theMusic

SOUNDWAVE: Six moments in Soundwave history that we'll never forget

PREMIERE: Mantra continues his track-by-track. 'I just won't shut the f**k up!'

WATCH: Flume's new clip is literally Insane.

Cliff Notes Deep Sea Arcade announce homecoming show, release new single. You Am I, Regurgitator, Paul Dempsey band together for injured fan. (Pictured) Kathy Griffin adds Melbourne show to Aus tour. Rapper Neno Best named in massive New York drug bust after he posted about guns and money on Instagram. Tiny Ruins add more Aussie shows. RANDOM SELECTION: Human space invaders.

This Weekend on theGuide:

JOSH PYKE

DIALECTRIX

CASTLECOMER

MIA DYSON

NSW, FRI: Enmore Theatre

QLD, FRI: Coniston Lane

VIC, FRI: The Workers Club

NT, FRI: The Lighthouse

[get info]

RAUL MIDON NSW, SAT: Mullum Music Festival [get info]

[get info]

COSMIC PSYCHOS

DARREN SYLVESTER

JACKIE ONASSIS

QLD, SAT: The HiFi

VIC, SAT: Boney

WA, SAT: Amplifier Bar [get info]

[get info] [get info]

SEEKAE

CHELSEA

WOOHOO

ALL THE GIGS

SA, SUN: Published Art House [get info]

BASHAM

REVUE

QLD, SUN: Gympie Music Muster [get info]

TAS, SUN: Brooksfield [get info]

IN YOUR TOWN THIS WEEKEND! [get info] HANG WITH US

Street Press Australia 2-4 Bond St, Abbotsford. Victoria 3067 View this email on the web | Forward this enmail to a friend | Don't want to receive this again?

/64,

5,;>692

9,=0,>:

465+(@ :,7;,4),9

.(33,9@

;,?; :0A,

>/(; : 65

36.05

(45 9(+06

3(<5*/ (45 9(+06

;\LZKH` (\N\Z[ !

0DQWUD >YP[[LU I` 4HNNPL :HWL[ =0* MVU[ ZPaL

7YPU[

,THPS

4LKPH

4HU[YH -HJLIVVR

Â¸0 KVUÂ»[ RUV^ ^OH[ ZL[Z TL HWHY[ 0 HT UV[ HU`IVK` LSZL 0 HT VUS` TLÂ¹ Â¶ 4HU[YH

(Z H ^LSS YLZWLJ[LK HUK HKTPYLK 4* 9VI ;YLTSL[[ HRH 4HU[YH OHZ H SV[ VM KPMMLYLU[ T\ZPJHS PUMS\LUJLZ [OH[ IYPKNL H WSL[OVYH VM NLUYLZ /L YLJHSSZ [OL TVYL [YHKP[PVUHS OPW OVW PUMS\LUJLZ VM HY[PZ[Z SPRL *VTTVU HUK 5V[VYPV\Z )0. Â¶ [OL TPK [V SH[L Z LHZ[ JVHZ[ PU NLULYHS YLHSS` /L HSZV ZVTL^OH[ Z\YWYPZPUNS` [HRLZ PUMS\LUJL MYVT [OL ZV\S IS\LZ HUK JSHZZPJHS NLUYLZ HZ ^LSS HZ 6[PZ 9LKKPUN /PZ KLZPYL [V W\YZ\L H JHYLLY PU T\ZPJ KPKUÂ»[ OH]L VUL Q\TWPUN VMM WVPU[ ZV [V ZWLHR /PZ MH[OLY ^HZ H T\ZPJPHU HUK HS^H`Z LUJV\YHNLK OPT L]LU [LHJOPUN OPT OV^ [V WSH` KY\TZ Â¸>L Z[PSS WSH` T\ZPJ [VNL[OLYÂ¹ OL ZH`Z 0U [LYTZ VM OPZ YHWWPUN ZRPSSZ 4HU[YH JYLKP[Z OPZ MYPLUK MYVT ZJOVVS /HUP .OHSLI 1HILY HZ OPZ THPU ZV\YJL VM PUZWPYH[PVU 4HU[YH ZH`Z Â¸P[ ^HZUÂ»[ T\JO SH[LY \U[PS 0 JVUZPKLYLK P[ H JHYLLYÂ¹ ;OL 4LSIV\YUL 4* OHZ UV^ ILLU PU [OL NHTL MVY HU PUJYLKPISL `LHYZ

4HU[YH ^PSS YLSLHZL OPZ IYHUK UL^ HSI\T ;LSSPUN :JLULZ VU [OL UL^ SHILS ;LU ;V ;^V 9LJVYKZ VU :LW[LTILY HUK PU JVTWHYPZVU [V OPZ WHZ[ YLSLHZLZ [OPZ VUL PZ T\ZPJHSS` H SP[[SL KPMMLYLU[ /L ZH`Z Â¸0Â»]L SLHYU[ LUV\NO T\ZPJHSS` [OH[ 0Â»T TVYL JVUMPKLU[ [V IL TVYL OHUKZ VU ^P[O [OL HYYHUNLTLU[ZÂ¹ ;OPZ PU [\YU NP]LZ [OL UL^ SVUN WSH`LY TVYL ZOHWL [OHU [OL WYL]PV\Z 4HU[YHÂ»Z ZPNUH[\YL OHZ HS^H`Z ILLU OPZ HIPSP[` [V PUQLJ[ YLHSULZZ PU[V OPZ ^VYR HUK [OPZ YLJVYK PZ UV KPMMLYLU[ )HZLK HYV\UK WLYZVUHS L_WLYPLUJLZ 4HU[YH ZH`Z [OL [OLTL ^HZ HSS HIV\[ Â¸HZRPUN T`ZLSM H SV[ VM X\LZ[PVUZÂ¹ ;OL YLZ\S[ ^HZ ZVUNZ ^P[O H TVYL SPNO[ OLHY[LK [OLTL HS[OV\NO P[ KVLZUÂ»[ JVTWSL[LS` ZO` HIV\[ MYVT KHYRLY HZWLJ[Z LP[OLY ^OPJO PZ [OL IHZPZ VM WHZ[ HSI\TZ ;OPZ [PTL HYV\UK 4HU[YH

6HDUFK

-3(4, I`! (45 4\ZPJ 5L^Z 3VJHS (\Z[YHSPHU K\V .,69.0( -(09 ^PSS YLSLHZL [OLPY OPNOS` HU[PJPWH[LK UL^ HSI\T ;YHWWLK -SHTL VU -YPKH` 6J[VILY ;OL

:\IQLJ[! +(40,5 3,0;/ (556<5*,: 5(;065(3 >0;/6<; ( -0./; ;6<9 I`! (45 4\ZPJ 5L^Z 4\S[P WSH[PU\T ZPUNLY ZVUN^YP[LY +(40,5 3,0;/ ^PSS [HRL OPZ MVY[OJVTPUN HSI\T *OHW[LY :L]LU VU [OL YVHK ^P[O H UH[PVUHS

:\IQLJ[! 20+ 4(* Â¶ UL^ ZPUNSL )<:;05Â» +6>5 ;/, +669 MYVT UK HSI\T /,(+ 560:, I`! (45

^HZ H SV[ TVYL OHUKZ VU PU [OL JYLH[PVU VM [OL HSI\T /L ZH`Z Â¸0 MLS[ SPRL 0 ^HU[LK [V KV TVYL HUK JYLH[L ZVTL[OPUN [V[HSS` TPULÂ¹ (Z ^P[O [OL WHZ[ YLSLHZL Â»Z :WLHRPUN =VS\TLZ [OL UL^ YLJVYK HSZV MLH[\YLK N\LZ[ ]VJHS ZWV[Z ;OL THQVYP[` VM [OLZL ^LYL WLVWSL [OH[ OL OHK ^VYRLK ^P[O PU [OL WHZ[ THRPUN P[ H UH[\YHS HUK LHZ` JVSSHIVYH[PVU [OH[ OL YLHSS` LUQV`LK (S[OV\NO OLÂ»Z JVSSHIVYH[LK ^P[O THU` NYLH[ HY[PZ[Z Z\JO HZ <Y[OIV` HUK +YHWO[ PU [OL WHZ[ 4HU[YHÂ»Z KYLHT JVSSHIVYH[PVU L]LU [OV\NO OLÂ»Z KLHK UV^ ^V\SK IL 6[PZ 9LKKPUN ;OL [HSLU[ VM [OL [^V [VNL[OLY ^V\SK IL ZVTL[OPUN [V ILOVSK

(45 4\ZPJ 5L^Z

;V JLSLIYH[L [OL YLSLHZL VM ;LSSPUN :JLULZ UL_[ TVU[O 4HU[YH ^PSS IL OLHKPUN V\[ VU [V\Y >OPSZ[ OL OHZUÂ»[ `L[ WSH`LK [OL UL^ YLJVYK H[ ZOV^ TVZ[ YLJLU[S` [OL [V\Y ^PSS OH]L Â¸H OLHS[O` KVZL VM [OL UL^ HSI\TÂ¹ OL ZH`Z HZ ^LSS HZ [OL JSHZZPJ OP[Z :VTL[OPUN MHUZ TPNO[ UV[ IL L_WLJ[PUN MYVT [OL \WJVTPUN [V\Y PZ OLHWZ VM ZWHUKL_ 4HU[YH OHZ PU OPZ WVZZLZZPVU ZWHUKL_ VULZPLZ MVY L]LY`VUL PU OPZ JYL^

.YLL[LK ^P[O H ZWHUKL_ V]LYSVHK PU [OL JVTPUN TVU[OZ ^PSS IL HUV[OLY TLTVYHISL TVTLU[ [V YLTLTILY PU `LHYZ [V JVTL I\[ 4HU[YH JVUZPKLYZ H ML^ [YHJRZ OL YLJVYKLK ^P[O 1LOZ[ H ML^ `LHYZ IHJR HZ VUL VM OPZ TVZ[ TLTVYHISL JHYLLY OPNOSPNO[Z [V KH[L /L OHZ HS^H`Z ILLU H THZZP]L PUZWPYH[PVU LZWLJPHSS` LHYS` VU PU 4HU[YHÂ»Z JHYLLY (JJVYKPUN [V 4HU[YH Â¸OL OHZ H Z[`SL UVIVK` OHK KVUL ILMVYLÂ¹ >VYRPUN ^P[O HU HY[PZ[ ÔVT OHZ ILLU Z\JO HU PU[LNYHS PUMS\LUJL VU OPZ VÛ JHYLLY ZLLTZ SPRL H WYL[[` IPN KLHS I\[ UV[ MVY 4HU[YH /L OHZ HSZV Z\WWVY[LK 7\ISPJ ,ULT` ÔVT OL SPZ[LULK [V NYV^PUN \W HUK [V IL HISL [V OHUN T\ZPJPHU [V T\ZPJPHU ^HZ HU HTHaPUN L_WLYPLUJL ;OH[Â»Z UV[ LUV\NO MVY 4HU[YH [OV\NO VUL KH` OL OVWLZ [V LTIHYR VU HU PU[LYUH[PVUHS [V\Y

(SI\T 9L]PL^Z :UHRHKHR[HS :SLLW PU [OL >H[LY

*\YYLU[S` VU [V\Y ^P[O :L[O :LU[Y` \U[PS SH[L :LW[LTILY 4HU[YH ^PSS [OLU OLHK VMM VU OPZ V^U [V\Y PU Z\WWVY[ VM ;LSSPUN :JLULZ [OH[ ^PSS ZLL OPT VU [OL YVHK \U[PS 5V]LTILY /L QVRLZ [OH[ OL TPNO[ OH]L [PTL [V UHW PU 5V]LTILY HM[LY H WYL[[` NY\LSSPUN IHJR [V IHJR [V\Y ZJOLK\SL ^YHWZ \W 0[Â»Z \USPRLS` [OV\NO ILJH\ZL 4HU[YHÂ»Z NVHS PZ [V Q\Z[ [V\Y PU HZ THU` WSHJLZ HZ WVZZPISL

*OLJR V\[ 4HU[YH SP]L VU [V\Y ^P[O :L[O :LU[Y` VY VU OPZ V^U ;LSSPUN :JLULZ HSI\T [V\Y MVY KL[HPSZ JOLJRV\[ [OL WVZ[LY ILSV^

4HU[YHÂ»Z UL^ HSI\T ;LSSPUN :JLULZ ^PSS IL YLSLHZLK VU :LW[LTILY JOLJR V\[ [OL ]PKLV MVY [OL MPYZ[ ZPUNSL 3V\KTV\[O ILSV^

-VY TVYL PUMVYTH[PVU VU 4HU[YH!

;OL :\TTLY :L[ 3LNLUKHY` ;OL (\KPV[HWLZ ;OL *\S[ 6M :\Y]P]HS ,7 YL]PL^ ;OL ;YV\ISL >P[O ;LTWSL[VU Â¶ 9VVRPL

6MMPJPHS >LIZP[L

(Y[PZ[Z

-HJLIVVR

(SI\TZ

;^P[[LY

,]LU[Z

@V\;\IL

0UK\Z[Y` 0U[LYUH[PVUHS (45 >YP[LY -LLKZ

9L]PL^Z

5HFRPPHQGDWLRQV :HQG\ 5RELQVRQ V SKRWRV 7KH 3DSHU .LWHV # 0HWUR 7KHDWUH SHRSOH UHFRPPHQG WKLV $Q (YHQLQJ ZLWK 7KH +RII SHRSOH UHFRPPHQG WKLV

)DFHERRN VRFLDO SOXJLQ

3PRL V\Y ZP[L& ;LSS `V\Y MYPLUKZ 5HFRPPHQG

;^LL[

6KDUH

5HFRPPHQG

6HQG

2QH SHUVRQ UHFRPPHQGV WKLV %H WKH ILUVW RI \RXU IULHQGV

$GG D FRPPHQW

3RVW WR )DFHERRN

3RVWLQJ DV 6HDP /DP &KDQJH

&RPPHQW

)DFHERRN VRFLDO SOXJLQ

4HU[YH 3V\KTV\[O

9LHK [PTLZ

4HU[YH

3HZ[ TVKPMPLK VU ;O\YZKH` (\N\Z[ !

6HQG

(SS

;V\Y

9LSLHZL

+HUJL

.PN

-LZ[P]HS

0UK\Z[Y`

-PST

(Y[Z

/64, 5,>: ;/, .<0+, 05;,9=0,>: 9,=0,>: )36.: 30:;,5 >(;*/ -,:;0=(3: 05+<:;9@ :;69,

086,& 1(:6 5(/($6(

4(5;9( ;(32: ( )<5*/ 6- 565:,5:, 65 5,> 37 6HSWHPEHU 6WDII :ULWHU 0HOERXUQH 0& 0DQWUD WDONV XV WKURXJK WKUHH PRUH WUDFNV IURP KLV QHZ UHFRUG 7HOOLQJ 6FHQHV WRGD\ ZLWK WKH WUDFNV )LJKWLQJ 3HUIHFW &ULPH DQG 7KH ([SHULPHQW DOO XQGHU WKH PLFURVFRSH WKLV WLPH DURXQG 7KH VRQJ )LJKWLQJ ZDV SURGXFHG E\ 5RE 6KDNHU DQG IHDWXUHV YLROLQ DQG FHOOR IURP 0HL /HL 6ZDQ ,WÒ&#x2039;V RQH RI WKH PRUH PHOORZ PRPHQWV RQ WKH UHFRUG WKDW VHHV 0DQWUD WHOOLQJ D VWRU\ IURP WZR SHUVSHFWLYHV

7KH ([SHULPHQW LV D XQLTXH WUDFN LQ WKDW HQWLUH VRQJ ZDV PDGH XVLQJ RQO\ WKH YRLFHV RI 0DQWUD DQG 7RP 7KXP Â² QRWKLQJ HOVH 0DQWUD IOHZ WR %ULVEDQH WR ZRUN ZLWK EHDWER[HU 7RP 7KXP VSHQGLQJ KRXUV LQ D ERLOLQJ KRW VWXGLR RQ D GHJUHH GD\

)LQDOO\ 3HUIHFW &ULPH ZDV D FKDQFH IRU 0DQWUD WR KRRN XS ZLWK 86 0& /RXLV /RJLF DQG JDYH KLP WKH RSSRUWXQLW\ WR IRFXV RQ Â´WDONLQJ D EXQFK RI QRQVHQVHÂµ DQG Â´0&LQJ IRU 0&LQJÒ&#x2039;V VDNHÂµ

7HOOLQJ 6FHQHV LV RXW YLD 7HQ 7R 7ZR 5HFRUGV QH[W )ULGD\ 6HSWHPEHU

+20(

1HZV

3(57+ *,* *8,'(

)HDWXUHV

68%0,7

,QWHUYLHZV

&2175,%87(

$%287

/LYH 5HYLHZV

$'9(57,6(

3KRWRV

&217$&7

0XVLF 5HYLHZV

,17(59,(: 0$175$ ,QWHUYLHZV

*LJ *XLGH

6XEPLW

:LQ

6HDUFK

Â² 6HSWHPEHU

-XVW EHIRUH KH GURSV KLV WKLUG DOEXP 7HOOLQJ 6FHQHV 0HOERXUQH UDSSHU 0$175$ WDONV WR 1LFKROD *UD\ DERXW RSHQLQJ XS KLV PXVLFDO ZRUOG UHYROXWLRQDU\ VRQJV DQG ZKDWÂ¶V WR FRPH IRU KLV KHDGOLQH WRXU 7R KHOS JLYH WKH QHZ UHFRUG LWV RZQ GLVWLQFW VRXQG 0DQWUD HQOLVWHG WKH KHOS RI PXOWLSOH SURGXFHUV LQFOXGLQJ RI D YHULWDEOH DUP\ RI SURGXFHUV Â± 2QH $ERYH +LOOWRS +RRGV ,OO\ &DP %OXII 6SLW 6\QGLFDWH 0XVW 9RONRII 2QH 6L[WK 5HWDLQHU DQG 'XVWLQ 0F/HDQ 7=8 -RHOLVWLFV Â³:RUNLQJ RQ WKLV UHFRUG , NQHZ , ZDQWHG WR ZRUN ZLWK D QXPEHU RI GLIIHUHQW SURGXFHUV EHFDXVH , KDG D QXPEHU RI GLIIHUHQW LGHDV Â´ VD\V 0DQWUD Â³7KHUH ZHUH D ORW RI SHRSOH , ZDV JHWWLQJ EHDWV IURP DQG , IHOW OLNH WKH\ IHOW PH DQG ZKDW , ZDV WU\LQJ WR GR ,W ZDV NLQG RI FRRO WR EH DEOH WR ZRUN ZLWK D EXQFK RI GLIIHUHQW SHRSOH LW PHDQV WKHUHÂ¶V D ORW RI GLIIHUHQW VRXQGV RQ WKH UHFRUG EXW , ZDV DEOH WR ZRUN ZLWK WKHP WR PDNH VXUH ZH JRW WKH EHVW RXW RI HDFK RWKHU Â´ 7HOOLQJ 6FHQHV KDV DOUHDG\ VHHQ WZR VLQJOHV Âµ/RXGPRXWKÂµ DQG Âµ%UHDN 7UDGLWLRQÂµ KLW WKH DLUZDYHV ZLWK DVWRXQGLQJ VXFFHVV DQG 0DQWUD NQRZV KLV IDQV DUH HQMR\LQJ LW Â³7KH UHVSRQVH IURP IDQV WR WKH QHZ VLQJOHV KDV EHHQ XQUHDO DQG WKDW UDGLR VXSSRUW LV UHDOO\ XVHIXO LWÂ¶V UHDOO\ EHQHILFLDO WR ÂµXVÂ¶ DV DQ DUWLVW Â´ KH VD\V Â³+DYLQJ SHRSOH LQ UHJLRQDO WRZQV VD\LQJ ÂµKH\ , ORYH WKH QHZ VLQJOHÂ¶ Â± WKDWÂ¶V XQUHDO Â´

)($785( 086,&

)Æ&#x2014;UOÇ&#x152;Z

I\`

ZOHYL

I` ,SL]LU[O /L 9LHJOLZ 3VUKVU ;OL +YHNNPUN *SV\K

:LWK D JURZLQJ VSRWOLJKW RQ $XVVLH KLS KRS WKLV \HDU 0DQWUDÂ¶V QHZ DOEXP ZLOO H[SORUH D GHSWK RI VWRU\WHOOLQJ DQG DUWLVWLF GHYHORSPHQW QRW VHHQ RQ KLV SUHYLRXV UHFRUGV Â³2QH RI WKH VRQJV ,Â¶P PRVW SURXG RI LV D VRQJ FDOOHG Âµ4XLFNVLOYHUÂ¶ ZKLFK IHDWXUHV 6LPRQH 3DJH -RQHV Â´ KH H[SODLQHG Â³7KDWÂ¶V RQH , ZURWH RQ SLDQR DQG WKHQ ZHQW DQG NLQG RI ZRUNHG XS DQG SURGXFHG DQG UHFRUGHG ZLWK P\ IULHQG 'DQ :HVW ZKR SOD\V JXLWDU ,WÂ¶V EDVLFDOO\ MXVW PH UK\PLQJ RYHU DFRXVWLF JXLWDU :H EXLOW WKDW XS DQG ZURWH VRPH YRFDO PHORGLHV DQG ZRUNHG ZLWK 6LPRQH RQ WKH FKRUXV VR WKDWÂ¶V RQH ,Â¶P UHDOO\ SURXG RI EHFDXVH LWÂ¶V RQH , WRWDOO\ KHOSHG FUHDWH IURP WKH JURXQG XS LQ HYHU\ HOHPHQW RI WKH VRQJZULWLQJ SURFHVV EXW LWÂ¶V DOVR RQH WKDW IHHOV OLNH LWÂ¶V VRPHWKLQJ D ELW GLIIHUHQW :KHQ SHRSOH KHDU LW WKH WKLQJV WKH\Â¶UH WHOOLQJ PH DUH ÂµWKLV LV VRPHWKLQJ ZHÂ¶YH QHYHU KHDUG EHIRUH Â¶ VR WKDWÂ¶V UHDOO\ HQFRXUDJLQJ EHFDXVH ZH GLGQÂ¶W VHW RXW WR GR WKDW EXW LWÂ¶V QLFH WR NQRZ WKLV LV VRPHWKLQJ D ELW UHIUHVKLQJ IRU SHRSOH Â´ +LWWLQJ WKH URDG ZLWK KLV VLGHNLFN 0HOERXUQH UDSSHU *UH\ *KRVW 0DQWUD ZDQWV WR VWHS XS IURP KLV UROH DV D

! !

VXSSRUW DFW DQG HQVXUH KLV OLYH VKRZ LV YLEUDQW Â³,Â¶P JRLQJ WR EH SOD\LQJ WR URRPV WKDW DUH SUHGRPLQDWHO\ P\ IDQV

)($785( 9,'(2

DQG WDNLQJ WR WKHP WKH QHZ VRQJV DQG UHDOO\ SOD\LQJ ZLWK WKH OLYH VKRZ D ELW PRUH Â³ KH VD\V Â³,Â¶OO KDYH D ELW PRUH WLPH RQ VWDJH DQG , NQRZ WKDW ,Â¶OO EH DEOH WR WU\ VRPH VWXII RXW WKDW , ZRXOGQÂ¶W QHFHVVDULO\ JHW DZD\ ZLWK GRLQJ DQ RSHQLQJ VORW RU D IHVWLYDO VKRZ :KHQ ,Â¶P GRLQJ P\ KHDGOLQH VKRZV , OLNH WR JHW LW D OLWWOH ELW PRUH RXW WKHUH D OLWWOH ELW PRUH G\QDPLF

;^LL[Z

-VSSV^

+LH[OWYVVM 79 'KLH[OWYVVMWY

;OL )LUUPLZ OHK HSS [OL Z\I[SL[` VM H YV\UK VM [LX\PSH ZSHTTLYZ 36=,+ [OPZ SP]L YL]PL^ ;OHURZ ':WHJLZOPW5L^Z IP[ S` 0^YZS 9L[^LL[LK I` :WHJLZOPW 5L^Z ,_WHUK

Â³, OLNH WR NHHS LW HYHQO\ VSUHDG ,WÂ¶V EHHQ DZKLOH VLQFH , GURSSHG D QHZ UHFRUG VR ,Â¶P ORRNLQJ IRUZDUG WR GURSSLQJ DOO WKHVH QHZ WUDFNV ,W ZLOO EH JRRG WR LQMHFW D VHW ZLWK D EXQFK RI QHZ PDWHULDO EXW WKDW EHLQJ VDLG WKHUHÂ¶V D ZKROH

>VSM *\I '^VSMHUKJ\I

6J[

;^LL[ [V ':WHJLZOPW5L^Z

EXQFK RI VWXII IURP WKH EDFN FDWDORJXH WKDW P\ IDQV ZLOO EH SUHWW\ DQJU\ LI , GLGQÂ¶W SOD\ Â´ 0DQWUD ODXJKHG Â³, WKLQN LWÂ¶V P\ GXW\ WR URFN ÂµHP IRU WKRVH SHHSV Â´

6XEVFULEH WR RXU (QHZV

7HOOLQJ 6FHQHV LV DYDLODEOH RQ 6HSWHPEHU WKURXJK 7HQ WR 7ZR 5HFRUGV DQG FDWFK 0DQWUD RQ WRXU WKURXJKRXW HPDLO DGGUHVV

6HSWHPEHU DQG 2FWREHU

6XEVFULEH

0$175$ :$ 7285 7KXUVGD\ 6HSWHPEHU Â± )O\ULWH 3HUWK

3RSXODU

5HFHQW

&RPPHQWV

7DJV

5(/$7(' $57,&/(6 3HUWK )HVWLYDO 8QYHLOV 3URJUDP 1RYHPEHU

,QWHUYLHZ .XÃ¾ND 1RYHPEHU +\SHUIHVW %DQGV $QQRXQFHG

3KRWRV 0DQWUD DW 0RMR V ,QWHUYLHZ *UHJ 6DQGHUV RI (PSHURUV 1RYHPEHU

&200(176 %X\ 0H $ 3RQ\ DW )O\ULWH /LNH 2QH SHUVRQ OLNHV WKLV

1RYHPEHU

/LYH 5HYLHZ 7KH %HQQLHV DW <D <DÂ¶V

(KK H JVTTLU[

-HJLIVVR ZVJPHS WS\NPU

Â&#x2039; 6SDFH 6KLS 1HZV _ 3HUWK 0XVLF $OO 5LJKWV 5HVHUYHG

1RYHPEHU &RPPHQW XVLQJ

1HZV

)HDWXUHV

,QWHUYLHZV

/LYH 5HYLHZV

3KRWRV

0XVLF 5HYLHZV

3+2726 0$175$ $7 02-2Â¶6 3KRWRV

Â² 6HSWHPEHU

0DQWUD DW 0RMRÂ¶V )UHPDQWOH RQ )ULGD\ 6HSWHPEHU 3KRWRÂ¶V E\ $DUDQ *LFTXHO

*LJ *XLGH

6XEPLW

:LQ

%$&.67$*( 21 7285 *,* *8,'( )(67,9$/6 1(:6 ,17(59,(:6 5(9,(:6 3+2726 1(: 086,& <RX DUH KHUH +RPH

1HZV

0HOERXUQH 5DSSHU 0DQWUD $QQRXQFHV 1HZ 6LQJOH DQG $OEXP 5HOHDVH

0HOERXUQH 5DSSHU 0DQWUD $QQRXQFHV 1HZ 6LQJOH DQG $OEXP 5HOHDVH 3PRL

:OHYL

6KDUH

;^LL[

6($5&+ 6($5&+

VHDUFK

72'$< 6 723 6725,(6 &XE 6SRUW 'URS 5HPL[ /RFN ,Q 86 $JHQW %HIRUH 2] 9LFWRU\ /DS

)HDWXUH ,QWHUYLHZ %DE\ $QLPDOV

4XHHQV 2I 7KH 6WRQH $JH /LNH &ORFNZRUN JRHV *2/'

$OEXP 5HYLHZ 6HDEHOOLHV )HYHU %HOOH )ROORZLQJ RQ IURP UDGLR DQWKHP /RXGPRXWK 0HOERXUQH UDSSHU 0$175$ KDV GURSSHG WKH HPRWLRQDOO\ KHDY\ %UHDN 7UDGLWLRQ Â±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Â¶V 0DVVLYH KLS KRS FKRLU DQG FDSSHG HYHU\WKLQJ RII ZLWK D VXLWDEO\ JUDQG FKRUXV FRXUWHV\ RI &LVFR 7DYDUHV 3RZHUIXO DQG UHODWDEOH %UHDN 7UDGLWLRQ KDG HYROYHG LQWR RQH RI 0$175$ V EHVW VRQJV DQG KDG PRUH WKDQ HDUQHG LWV SODFH RQ KLV DPELWLRXV QHZ DOEXP $V D FDYDOFDGH RI WKLV FDOLEHU RI VRQJ 7HOOLQJ 6FHQHV FRQILGHQWO\ SXVKHV WKH ERXQGDULHV RI KLS KRS DQQRXQFLQJ LQ QR XQFHUWDLQ WHUPV WKDW 0$175$ KDV UHDF KHG WKH QH[W OHYHO RI KLV FUDIW

3KHEH 6WDUU 5HOHDVHV 1HZ 6LQJOH Âµ7RQLJKWÂ¶ RQ ,QHUWLD $FFHVV

+27 3,&6

3KRWRV &RG\ &KHVQX77 &KHDS )DNHV 0.2 # WKH +LIL %ULVEDQH

7285,1* Â± $8*867 6(37(0%(5 2&72%(5 '$7( 5(*,21$/ 7285 :,7+ 6(7+ 6(175< *5(< *+267 67$57,1* $8*867 VW 7(//,1* 6&(1(6 1$7,21$/ 7285 72 %( $11281&(' $8*867 WK

$'9(57,6(0(17

$OO VKRZ GHWDLOV DYDLODEOH IURP ZZZ PDQWUDHPFHH FRP 3PRL

:OHYL

6KDUH

;^LL[

(KK H JVTTLU[

-HJLIVVR ZVJPHS WS\NPU

&RPPHQW XVLQJ

+RPH 1HZV

0XVLF

6XEVFULEH

5HYLHZV

:HHNO\ )HDWXUHV

3KRWR *DOOHULHV

7KH 9XOWXUH

&RPSHWLWLRQV

-LH[\YLK

=\S[\YL *OPYWZ ^P[O 4HU[YH 6(37(0%(5 E\ 52% %52:1 LQ )($785(' ,17(59,(:6 ZLWK &200(176

0DQWUD LV RQH RI LI QRW WKH ILQHVW 0& RXW WR FRPH IURP GRZQ XQGHUÂ¶V KLS KRS XQGHUJURXQG *DWKHULQJ DFFODLP UDSSLQJ ZLWK 0HOERXUQH JURXS ,OO]LOOD DQG LQ KLV VROR HIIRUWV 0DQWUD 5RE 7UHPOHWW KDV SURYHQ WR EH D VWDQG RXW DW WKH PLF VWDQG 0DQWUD KDV EHHQ PRYLQJ ZLWK JDWKHULQJ PRPHQWXP IURP 3RZHU RI WKH 6SRNHQ WR 6SHDNLQJ 9ROXPHV +LV VW\OH LV FKDUDFWHULVHG E\ DQ XQGXODWLQJ IORZ VSLWWLQJ PLG WR KLJK WHPSR PXOWL V\OODELF EDUV ZLWK WKH EDUH DVV FKHHNLQHVV RI D OHVV GLVWXUEHG 0DUVKDOO 0DWKHUV 2QH ZRUNLQJ ZHHN DZD\ IURP ZKHQ 0DQWUDÂ¶V DOEXP 7HOOLQJ 6FHQHV LV GXH WR GURS KH LV VLJQLQJ DOEXPV EHIRUH VKLSSLQJ WKHP WR WKH PDVVHV Â³,Â¶YH JRW WKH ZULVW RI DQ \HDU ROG EUR Â´ KH ODXJKV Â´ Â« RU D \HDU ROG KRRNHU Â´ +H LV FDOOLQJ 7HOOLQJ 6FHQHV Â³SDUW WKUHH RI D WULORJ\Â´ EXW RQ WKH ZKROH QRW RQH ZLWK D OLWHUDO WKHPDWLF VWRU\OLQH RU VRXO IRRG Â³, GRQÂ¶W NQRZ ZKDW LW ZLOO GR IRU DQ\RQH VSLULWXDOO\ Â´ KH VD\V Â« $QG IDLU HQRXJK ZHÂ¶YH JRW *KDQGL IRU WKDW DQG WKLV WLPH DURXQG 0DQWUD LV PRUH LQWHUHVWHG LQ PDNLQJ DQ DOEXP Â³WKDW IORZV DQG PRYHV DQG KDV LWV RZQ VKDSH Â´ Â³, UHDOO\ KDYH D ORW RI IXQ SXWWLQJ LW WRJHWKHU OLNH WKDW \RX NQRZ ZRUNLQJ KRZ VRQJV DUH JRLQJ WR VKLIW LQWR RQH DQRWKHU DQG WKH WUDQVLWLRQ EHWZHHQ VRQJV ZKHUH VRQJV DUH JRLQJ RQ WKH DOEXP WKDW VWXII , UHDOO\ JHW D NLFN RXW RI Â´ KH VD\V 0DQWUDÂ¶V FDUHIXO PHDVXUHPHQW LV UHIOHFWLYH RI WKH WLPH KH SXW LQ +LV SUHYLRXV WZR ZRUNV ZHUH SXW RXW DOPRVW ZLWKLQ D \HDU RI HDFK RWKHU DQG DOWKRXJK KH ZDQWHG WR NHHS WKH PRPHQWXP KH UHDOLVHG WKDW DV KLV SUHYLRXV UHFRUGLQJV ZHUH VR FORVH KH FRXOG HDVH XS D WRXFK ZLWK 7HOOLQJ 6FHQHV Â³, UHDOLVHG , ZDV UXVKLQJ XQQHFHVVDULO\ SXWWLQJ XQQHFHVVDU\ SUHVVXUH RQ LW $V VRRQ DV , FDPH WR WKDW FRQFOXVLRQ P\ ZULWLQJ JRW KHDSV EHWWHU DQG , WKLQN , ZDV ORRNLQJ DW LW LQ D KHDOWKLHU ZD\ MXVW ORRNLQJ DW LW LQ WHUPV RI ZKDW , ZDQWHG LW WR VRXQG OLNH DQG ZKDW , ZDQWHG LW WR EH DV RSSRVHG WR ÂµDZ , JRWWD JHW LW GRQHÂ¶ Â´ KH VD\V 7KDW H[WUD WLPH ZDV VSHQW KRQLQJ PXVLFDO VNLOO QRW RQO\ UDSSLQJ EXW DOVR OHDUQLQJ KRZ WR SOD\ SLDQR Â³, WKLQN MXVW OHDUQLQJ PRUH DERXW PXVLF KDV PDGH PH KHDSV PRUH FRQILGHQW DQG DEOH WR EH PRUH LQYROYHG LQ WKH PXVLF ZULWLQJ Â´ KH VD\V Â³(YHQ MXVW LQ WHUPV RI WDONLQJ WR SURGXFHUV ,Â¶YH EHHQ DEOH WR DUWLFXODWH WKLQJV D ORW EHWWHU DQG VD\ ZKDW , QHHG IRU D SLHFH %XW ,Â¶P OXFN\ WKDW , ZRUN ZLWK D EXQFK RI IULJJHQ JHQLXV SURGXFHUVÂ´ +H LV DOVR ZRUNLQJ ZLWK VRPH QHZ PDQDJHPHQW DV 7HOOLQJ 6FHQHV LV KLV ILUVW ZDON ZLWK ODEHO 7HQ 7R 7ZR 7KH\Â¶UH WUHDWLQJ KLP QLFHO\ WRR RIIHULQJ ER[ VHWV RI 0DQWUDÂ¶V ZRUN WR IDQV 7HQ 7R 7ZR LQFOXGH DQ LQFUHDVLQJO\ PRUH JODPRURXV NLW RI W VKLUWV YLQ\OV DQG LPSUHVVLYHO\ D KDUG FRYHU O\ULFV ERRN Â³, QHYHU ZDQWHG SHRSOH WR UHDG P\ O\ULFV , DOZD\V ZDQWHG SHRSOH WR KHDU WKHP EHFDXVH WKDWÂ¶V KRZ , WKRXJKW WKH\ ZHUH PHDQW WR EH GLJHVWHG Â«Â´ KH VD\V Â³, UHDOLVHG WKDW WKH SHRSOH WKDW DUH LQWR P\ PXVLF DUH LQWR P\ O\ULFV EHFDXVH WKDWÂ¶V WKH VWURQJHVW DQG PRVW EHDXWLIXO SDUW VR , WKRXJKW ÂµDZ IXFN LI ZHÂ¶UH JRQQD GR LW OHWÂ¶V GR LW SURSHUO\Â¶ /HWÂ¶V SXW LW LQ D ERRN EHFDXVH LI SHRSOH DUH JRLQJ RQOLQH WU\LQJ WR JHW WKHP RII WKH LQWHUQHW WKHQ WKH\ DUH DOZD\V ZURQJ Â´

Â³7KH\Â¶UH ZURQJ HYHQ LI LWÂ¶V OLNH D %HDWOHV VRQJ OHW DORQH ZKHQ LWÂ¶V VRPH ZHLUG ZKLWH QHUG UDSSHU VSLWWLQJ UHDOO\ IDVW Â´ ,I \RXÂ¶UH GRZQ IRU D OLWWOH ELW RI ZKLWH QHUG VSLW \RX FDQ FRS 0DQWUDÂ¶V DOEXP KHUH

$ERXW

&RQWDFW

+RPH

$GYHUWLVH

1HZV

0XVLF

5HYLHZV

:HHNO\ )HDWXUHV

3KRWR *DOOHULHV

(Y[PZ[Z

7KH 9XOWXUH

&RPSHWLWLRQV

6XEVFULEH

6HDUFK WKLV VLWH

302, <:

4HU[YH ' ;OL ,]LS`U 2&72%(5 E\ 52% %52:1 LQ $57,676 *,* 5(9,(:6 ZLWK &200(176

-6336> <:

:,5+ <: 5<+, :,3-0,:

7HOOLQJ 6FHQHV LV $XVVLH UDSSHU 0DQWUDÂ¶V ODWHVW DOEXP DQG VHDOV WKH GHDO RQ PDNLQJ KLP WKH PRVW ODXGHG $XVWUDOLDQ 0& DFWLYH WRGD\ .QRZQ IRU FRPSOH[ UK\PH VFKHPHV DQG HIIHUYHVFHQW WRQJXH LQ FKHHN WKH DOEXP KDV EHHQ WXUQLQJ KHDGV DQG DV SDUW RI KLV QDWLRQ ZLGH WRXU KLV DOEXP ODXQFK DW 7KH (YHO\Q KDG WKHP EREELQJ WRR ;/, =<3;<9,

)LUVW WR PRLVWHQ WKH FURZG ZDV \RXQJVWHU '\ODQ -RHO ZKRVH HQWKXVLDVP GUHZ HDUO\ ELUGV XS RII WKH FRXFKHV +HÂ¶V EHHQ JDLQLQJ PRPHQWXP ODWHO\ DQG KLV FRPIRUWDEOH VWDJH SUHVHQFH UHIOHFWV KLV ERXWV RI WRXULQJ %HIRUH KH KDG JLUOV GLYLQJ DW WKH VWDJH IRU IUHH FRSLHV RI KLV DOEXP KH GURSSHG VRPH WXQHV WKDW KDYH EHHQ JHWWLQJ GHVHUYHG VKLQH IURP 7ULSOH - 7UDFNV Âµ<HSÂ¶ DQG Âµ/HYHOOHGÂ¶ ZHUH VWDQG RXWV ERWK ZLWK FOXWFKLQJ EHDWV WKDW VKRZHG WKDW -RHO KDV EHHQ H[HUFLVLQJ KLV HDU IRU LQVWUXPHQWDOV DQG KRQLQJ KLV PXOWL V\OODELF ZRUG SOD\ / )UHVK 7KH /LRQ ZKRVH Âµ/LRQÂ¶ PRQLNHU FDPH IURP D *XUX DW WKH *ROGHQ 7HPSOH LQ ,QGLD DZDNHQLQJ IURP D YLVLRQ SURFODLPLQJ Â³<RX DUH 7KH /LRQÂ´ WR / )UHVK KDG D QXPEHU RI IDQV SUHVHQW FRQVLGHULQJ KH ZDVQÂ¶W KHDGOLQLQJ 5RFNLQJ XS ZLWK WKH WXUEDQ DQG EHDUG KH KDG D ELW RI *XUX FKLF KLPVHOI EXW LWÂ¶V QRW WRR IDU IURP WKH WUXWK WKLV GXGHÂ¶V D 7('[ VSHDNLQJ FKLOG FRXQVHOOLQJ UDSSHU ZLWK D ODZ GHJUHH +LV HWKRV FDPH DFURVV D OLWWOH WRR ÂµFRQVFLRXV UDSÂ¶ IRU WKLV 9XOWXUH EXW KLV VLQJOH Âµ2QHÂ¶ KDG WKH IURQW URZ DQLPDWHG DQG \RX FRXOG VHH ZK\ WKH JX\ KDV JDUQHUHG DFFRODGHV IURP 1DV DQG .56 2QH &LJJ\ EUHDNV ZHUH KDG DQG YHVVHOV RI &DUOWRQ D N D ZDWHUHG GRZQ GHWHUJHQWZLWKKRSV ZHUH UHSOHQLVKHG LQ WKH EUHDN WKDW 0DQWUD WRRN WR VWRNH VXVSHQVH RU KDYH KLV VWDJH VHW XS 1HYHU VWDJQDQW IRU WKH HQWLUH VHW 0DQWUD K\SK\Â¶G XS WKH VWDJH MXPSLQJ DURXQG OLNH WKH WHQ \HDU ROG LQ KLV YLGHR FOLS IRU Âµ/RXGPRXWKÂ¶ ZLWK HYLGHQW VWDJH FKHPLVWU\ ZLWK '- )ODJUDQW 0DQWUD VKRZHG D SULPH H[DPSOH RI D SHUIRUPHUV SHUIRUPDQFH QR RQH ZDQWV WR VHH D UDSSHU PRSH WKHLU DVV DURXQG RQ VWDJH DQG UHKHDUVH YHUVHV ,QVWHDG 0DQWUD HQJDJHG WKH FURZG E\ EHLQJ HYHU\ZKHUH DW RQFH DQG ZKHQ QRW UDSLG ILULQJ OLQHV DW XV HQJDJHG XV ZLWK SDSHU SODQHV )DQV WKDW IROORZ KLV )DFHERRN SDJH EURXJKW SDSHU SODQHV DV LQVWUXFWHG ZLWK D ZRUG RI WKHLU FKRLFH RQ LW DQG WKUHZ WKHP

7VW\SHY (Y[PJSLZ -REV WR JHW -HDORXV RI Â± *UDFH %HOODYXH $GHODLGH (VFRUW 0$<

0LVV 3ROH 'DQFH $XVWUDOLD &RPSHWLWLRQ 5HYLHZ 129(0%(5

DW 0DQWUD WR IXHO DQ LQWHUDFWLYH IUHHVW\OH WKDW ZDV DERXW DV LPSURPSWX DV \RX FDQ JHW +\SHG WUDFNV IURP 7HOOLQJ 6FHQHV OLNH Âµ/RXGPRXWKÂ¶ DQG Âµ%UHDN 7UDGLWLRQÂ¶ ZHUH ZHOO UHFHLYHG Âµ7KH )HDUÂ¶ LQ SDUWLFXODU VWRRG 0DQWUDÂ¶V SHUIRUPDQFH RQ WKH QLJKW LQ JRRG

5RGULJXH] $QQRXQFHV $XVWUDOLDQ 7RXU

VWHDG ZLWK WKLV 9XOWXUH

2&72%(5

)RU DOO WKRVH LQ OLQH WR FRS WKH FXUWDLOV RI 0DQWUDÂ¶V 7HOOLQJ 6FHQHV WRXU KHUH DUH WKH ODVW RI ÂµHP

5K\WKP DQG 9LQHV )HVWLYDO -$18$5<

7KXUVGD\ WK 2FWREHU Â± 7HPSR +RWHO %ULVEDQH 6DWXUGD\ WK 2FWREHU Â± 6RO %DUP 0DURRFK\GRUH 6DWXUGD\ WK 2FWREHU Â± (G &DVWOH $GHODLGH

*LYH 0H $ +RPH $PRQJ 7KH *XP 7UHHV Â± 5LYHUERDWV 0XVLF )HVWLYDO )(%58$5<

From: "Your Daily SPA - theMusic.com.au" <dailyspa@themusic.com.au> Subject: Chugg and Bragg at BIGSOUND plus what we've overheard so far, Sticky Fingers frontman gets arrested and Philadelphia Grand Jury to reform for a show tonight... Date: 11 September 2013 4:28:13 PM AEST To: "Seam Lam" <lam.seam@gmail.com>

Wednesday 11 September 2013

CHUGG CALLS RADIO QUOTA 'BULLSH*T' Veteran promoter Michael Chugg has slammed the Australian music quota for commercial radio stations today at BIGSOUND. READ MORE...

BRAGG: 'I FAILED TO CHANGE THE WORLD' “If you want change, it's your responsibility, not mine,” said Billy Bragg at today's opening BIGSOUND keynote speech. READ MORE...

OVERHEARD AT BIGSOUND PART ONE BIGSOUND's banter has given us a solid idea on who we should be seeing, avoiding and where to get free booze. READ MORE...

STICKY FINGERS FRONTMAN ARRESTED IN WA Lead singer Dylan Frost was arrested at Perth’s Rottofest festival last weekend after climbing the stage’s scaffolding. READ MORE...

PHILADELPHIA GRAND JURY REFORM FOR GIG The Sydney indie-soul outfit will come out of retirement for a BIGSOUND show tonight. READ MORE...

WHAT HAVE OUR INDIE ARTISTS BEEN UP TO? News from Little Scout, Money For Rope, Eden Mulholland, The Gooch Palms and more make up this week's Indie Focus. READ MORE...

Jinja Safari [music]

Barenaked Ladies [music]

Route 36 'Cocaine Bar' [travel]

Everything you need to know about BIGSOUND [industry]

What do Danza, Montana and Stark have in common?

The Brunswick Social [eat/drink]

THE MUSIC Sydney

[the end]

THE MUSIC Brisbane

Aussies and their Whisky [drink]

Parkway Drive [music]

The Drones [music]

From goth girl to stylist, we chat with Bec Cole [fashion]

The great 'Fat' debate [health]

Randy Feltface [comedy]

THE MUSIC Melbourne

THE MUSIC Perth

Cliff Notes Bonjah release new track and announce extensive tour (pictured). The first round of AACTA noms have been revealed for the 2014 awards. The reviews are in for Mantra, Janelle Monรกe, Carcass and more. Franz Ferdinand amputate limbs in new video clip. Archie Roach, Jessica Mauboy and more honoured at the Deadly Awards. RANDOM SELECTION: Funny Or Die take us through the "new" iPhone.

Tonight on theGuide

RUSSELL MORRIS QLD: Spiegeltent [get info]

CUMBIAMUFFIN

JINJA SAFARI

NSW: The Basement

QLD: Woombye Pub

[get info]

ALL THE GIGS IN YOUR TOWN TONIGHT! [get info] HANG WITH US

Street Press Australia 2-4 Bond St, Abbotsford. Victoria 3067 View this email on the web | Forward this enmail to a friend | Don't want to receive this again?

1HZV )HDWXUHV 5HYLHZV 3KRWRV 6OLGHVKRZV 0L[WDSH 9LGHR )UHH 6KLW

(YHQWV

5HFRPPHQGV

2NNHUYLO 5LYHU $XVWUDOLDQ 7RXU $QQRXQFHG

0DQWUD 7HOOLQJ 6FHQHV Â± ([FOXVLYH 6WUHDP

&RQWULEXWH

$GYHUWLVH :LWK 8V

0RYH $VLGH 0HDW %DJV 7KH )XWXUH 2I 0XVLF ,V +HUH

7HQ 7R 7ZR 5HFRUGV 5HYLHZHG E\ 6DP 3ULFH RQ 6HSWHPEHU 5DWHG RXW RI .H\ 7UDFN /HDUQ <RXU /DQJXDJH 7KH WKLUG UHOHDVH IURP RQH RI WKH VFHQHV PRVW WKRXJKW SURYRNLQJ UK\PHVWHUV GHOLYHUV HYHQ PRUH HYLGHQFH WR WKH FDVH WKDW 0DQWUD KDV PDVWHUHG KLV FUDIW )URP SRZHUIXO EHDW ODGHQ SURGXFWLRQV WR KLV VNLOIXO IORZ YDULDWLRQ 7HOOLQJ 6FHQHV LV D ZHOFRPH UHWXUQ WR D VFHQH H[SDQGLQJ EH\RQG LWV RZQ H[SHFWDWLRQ 7KH ILUVW WDVWH RI WKH UHOHDVH LQ WKH IRUP RI RSHQLQJ WUDFN Âµ/HDUQ <RXU /DQJXDJHÂ¶ DIILUPV WKH (PFHHÂ¶V WDVWH IRU VOLFN SURGXFWLRQ PDWFKHG LPPDFXODWHO\ DORQJVLGH D PHWLFXORXV YRFDO IORZ D FRUQHUVWRQH RI 0DQWUDÂ¶V PXVLFDO WDOHQW 7KH EDODQFH IRUJHG EHWZHHQ WKH WUDFNV UK\WKPLF EUHDNXS WKURXJK YHUVHV DQG VLPSOLVWLF FKRUXV SURYLGH DQ HDUO\ DOEXP KLJKOLJKW )XUWKHU GRZQ WKH WUDFN OLVWLQJ Âµ/RXGPRXWKÂ¶ WKH UHOHDVHV ILUVW VLQJOH UHIOHFWV RQ WKH YHUVLILHUV VFKRRO GD\V LQ D GHILDQWO\ FKHHN\ PDQQHU 7KH SRZHUIXOO\ GULYHQ SURGXFWLRQ SUHGRPLQDQWO\ EDVV GULYHQ RIIHUV D PXVLFDO UHQGLWLRQ RI D PLVFKLHYRXV DGROHVFHV VXSSRUWLQJ SKUDVHV VXFK DV Â´P\ HQWLUH OLIH , RQO\ KDG RQH VNLOO QHYHU KDG D FUD]\ DPELWLRQ WR IXOILO $ YHUVH ODWHU , ZDV VLWWLQÂ¶ LQ EDFN VFULEEOLQÂ¶ P\ UDSV WU\LQÂ¶ WR FRQFHDO ZKDW ZDV KLGGHQ LQ P\ EDJÂ´ DGGV WR WKH WUDFNV DXGDFLW\ LQ ILQH IDVKLRQ 6HFRQG VLQJOH Âµ%UHDN 7UDGLWLRQÂ¶ FRQWUDVWV WKH OLJKWHU LQLWLDO WKHPHV LQ WKH UHOHDVH WRXFKLQJ RQ PXFK GDUNHU HPRWLRQV ZLWK YRFDO DVVLVWDQFH IURP &LVFR 7DYDUHV

3PRL

5HODWHG WR 0DQWUD 1HZ 7RXUV 0DQWUD 7KH 'HOWD 5LJJV .DWFKDILUH +HOOLRQV 071V 0RUH 0DQWUD $QQRXQFHV 1HZ $OEXP $KHDG 2I $XVWUDOLDQ 7RXU 6SUXQJ +LS +RS )HVWLYDO $QQRXQFHV 6SHFLDO $SSHDUDQFH )RU 0& :KHHOV 6SUXQJ +LS +RS )HVWLYDO /LQHXS $QQRXQFHG :LWK +LOOWRS +RRGV ,OO\ 3H] 7=8 DQG 0RUH

)URP WKH RXWVHW 0HOERXUQHÂ¶V (PFHH 0DQWUD GHOLYHUV DQRWKHU WHFKQLFDOO\ VRXQG DQG LQWHOOLJHQWO\ VFXOSWXUHG KLS KRS RIIHULQJ

7KH KHDUWIHOW QDUUDWLYH XQIROGV LQWR DQ HPRWLYH DQG VRPHZKDW HPSRZHULQJ WUDFN FRPSULVLQJ RI PRXUQIXO FKRUXV PHORGLHV WR H\H RSHQLQJ LQVSLUHG VWRU\WHOOLQJ E\ WKH 0HOERXUQH 0& $GGLQJ WR WKH VKDGLHU O\ULFDO WKHPHV WKH &DP %OXII IXHOOHG SURGXFWLRQ RIIHUV DQ H[SUHVVLYH DQG VRXOIXO EDFNLQJ PDUNLQJ RQH RI WKH DOEXPV VWURQJHVW WUDFNV 0DQWUDÂ¶V WKLUG IXOO OHQJWK UHOHDVH JLYHV OLVWHQHUV DQ HPRWLRQDO VSHFWUXP RI $XVWUDOLDQ KLS KRS ZLWKRXW IRUIHLWLQJ WKH 0&Â¶V WDOHQW DV RQH RI WKH VFHQHV PRVW WHFKQLFDOO\ JLIWHG O\ULFLVWV 7KH FRQWLQXLQJ TXDOLW\ RI O\ULFDO PDNHXS FRPELQHG ZLWK D VHDPOHVV SURGXFWLRQ HYHQWXDWHV LQ RQH RI 0DQWUDÂ¶V JUHDWHVW RIIHULQJV 6WUHDP WKH DOEXP EHORZ

&RQWDFW

/LYLG )HVWLYDO 7R 5HODXQFK ,Q )RU WK $QQLYHUVDU\"

From: Tone Deaf's Tucker Bag <marketing@tonedeaf.com.au> Subject: Harvest Cancellation Likely, BIGSOUND Day 1, Groovin The Moo Launch New Festival, Flume Plugs "Aussie Sound", Future Liquidation, Tours & More Date: 12 September 2013 1:50:26 PM AEST To: <seam.lam18@gmail.com> Reply-To: Tone Deaf's Tucker Bag <marketing@tonedeaf.com.au> Harvest Cancellation Likely, BIGSOUND Day 1, Groovin The Moo Launch New Festival, Flume Plugs "Aussie Sound", Future Liquidation, New Tours & More

LATEST HEADLINES

Harvest 2013 Likely To Be Cancelled, Replaced With Headline Tours In sad news that follows community support and Tone Deafâ&#x20AC;&#x2122;s own piece, Top 8 Reasons To Attend Harvest 2013, it seems

Groovin The Moo Launch New Music Festival The Plot Fresh from announcing the dates and venues for Groovin The Moo 2014, festival organisers Cattleyard Promotions are set to expand their

5 Things We Learnt At BIGSOUND 2013 Day One The first day of BIGSOUND 2013 is over and has kicked off the conference in style. For those not lucky enough

Bonjah Australian Tour 2013/2014 Announced The Bonjah Australian Tour 2013/2014 has been announced, with the New Zealand-bred, Australian-hewn rock outfit hitting the road in support of

Shining Bird G’day, the band formally and currently known as Shining Bird is: Russ, Dane, Albags, Strat, Ricci & Katesy. We all live

ALSO ON TONE DEAF

Colour Coding – Yours, Not Mine Sydney Indie/Pop duo comprising of Chris Holland and Tim Commanduer are Colour Coding have released their brand new video for Yours,

Record Review: Mantra, Telling Scenes – Exclusive Stream The third release from one of the scenes most thought provoking rhymesters delivers even more evidence to the

Review: Josh Pyke @ The Tivoli Often Saturday nights are best spent in the company of close friends rather than a crowd of strangers.

Photo Gallery: Washington, 10th September 2013 @ The Toff In Town Check out our photos of Washington. Shot by Carl Dziunka

(SS

;V\Y

9LSLHZL

+HUJL

.PN

-LZ[P]HS

0UK\Z[Y`

-PST

(Y[Z

/64, 5,>: ;/, .<0+, 05;,9=0,>: 9,=0,>: )36.: 30:;,5 >(;*/ -,:;0=(3: 05+<:;9@ :;69,

5(/($6(

;/0: >,,2 : 9,3,(:,: 6HSWHPEHU

6WDII :ULWHU -DQHOOH 0RQiH Â² 7KH (OHFWULF /DG\ $WODQWLF :DUQHU

'HVSLWH D KRVW RI JXHVW DSSHDUDQFHV LQFOXGLQJ 3ULQFH 0LJXHO DQG 6RODQJH .QRZOHV -DQHOOH 0RQiHÒ&#x2039;V 7KH (OHFWULF /DG\ VHFXUHV WKH OLWWOH ODG\Ò&#x2039;V SRVLWLRQ LQ WKH VSRWOLJKW EXLOGLQJ RQ KHU GHEXW /3 DQG PDNLQJ XS D IHZ PRUH SDUWV RI KHU FRQFHSWXDO DQGURLG WKHPHG ERG\ RI ZRUN 0HWURSROLV 0RQiH KDV VRDUHG DOO WKH ZD\ WR $OEXP 2I 7KH :HHN 0DQWUD Â² 7HOOLQJ 6FHQHV 7HQ 7R 7ZR

,WÒ&#x2039;V ILHUFH DQG IHURFLRXV 0HOERXUQHÒ&#x2039;V RZQ 0DQWUD SURYLGLQJ D UHFRUG SDFNHG ZLWK D PHVVDJH KH KDG WR JLYH 'HVFULEHG DV D UDS ORUG WKH 0&Ò&#x2039;V 7HOOLQJ 6FHQHV LV D FRPSHOOLQJ DGGLWLRQ WR KLV DOUHDG\ ZHOO UHQRZQHG UHSHUWRLUH 7KH 1DNHG $QG )DPRXV Â² ,Q 5ROOLQJ :DYHV ,VODQG 8QLYHUVDO

2QH RI 1HZ =HDODQGÒ&#x2039;V KRWWHVW H[SRUWV DW WKH PRPHQW 7KH 1DNHG $QG )DPRXV GHOLYHU D VRSKRPRUH VRXQG WKDW VKRZV D WRXFK RI JURZWK DQG PDWXULW\ EXLOGLQJ IXUWKHU RQ WKHLU FULWLFDOO\ DFFODLPHG GHEXW ,I \RXÒ&#x2039;YH OLYHG XQGHU D URFN DQG DUH MXVW WXQLQJ LQWR WKHVH ILYH SLHFH \RXÒ&#x2039;OO EH SOHDVHG WR OHDUQ WKH\ VKRXOG EH DURXQG

+20(

$%287

7+( $576

7+( ,668(6

/,)( 67</(

:25'3/$<

0(',$

1RW VR ORQJ DJR LQ 0DQWUD KDG EHHQ VQDSSHG XS E\ 2EHVH 5HFRUGV UHOHDVHG KLV ILUVW DOEXP3RZHU RI WKH 6SRNHQ DQG HDUQHG WKH FRYHWHG WULSOH - )HDWXUH $OEXP QRG ,W ZDV IROORZHG XS TXLFNO\ ZLWK 6SHDNLQJ 9ROXPHV LQ DQG WKH OHDG VLQJOH *RW 0H :URQJ EHFDPH WULSOH -Â¶V PRVW UHTXHVWHG VRQJ WKH ZHHN RI LWÂ¶V UHOHDVH 0DQWUD KDV EDUHO\ EHHQ JRQH IRU D PLQXWH EXW KHÂ¶V DOUHDG\ EDFN ZLWK D QHZ UHFRUG DQG D EUDQG QHZ ODEHO -D]] $PLV IURP :RUGSOD\ KDG D FKDW ZLWK \RXU IDYRXULWH UDSSHUÂ¶V IDYRXULWH UDSSHU

7HOOLQJ 6FHQHV LV D FRQFHSW DOEXP KRZ ZDV WKH FUHDWLYH SURFHVV FRPSDUHG WR \RXU SUHYLRXV UHOHDVHV" ,WÂ¶V GLIIHUHQW HYHU\ WLPH , PDNH D UHFRUG )RU WKLV RQH , GHILQLWHO\ VDW GRZQ DQG KDG D FRQVFLRXV LGHD RI ZKHUH , ZDQWHG WR WDNH LW , KDG WKLV UHDOO\ FOHDU YLVLRQ DQG VWDUWHG ZRUNLQJ ZLWK WKH SHRSOH ZKR , WKRXJKW ZHUH JRLQJ WR KHOS PH VFXOSW WKDW VRXQG %XW WKDWÂ¶V QRW KRZ WKH DOEXP HQGHG XS VRXQGLQJ :KDW FKDQJHG" 'XULQJ WKH WLPH LW WRRN WR ZRUN RQ WKH DOEXP DQG WKLQJV , ZDV GRLQJ Â± WKH SURGXFHUV , ZDV ZRUNLQJ ZLWK WKH VRQJV , ZDQWHG WR ZULWH Â± LW GHYHORSHG WR LQFOXGH D ELJJHU VFRSH WKDQ WKH LQLWLDO LGHD 7HOO PH VRPHWKLQJ DERXW 7HOOLQJ 6FHQHV WKDW LVQÂ¶W RQ WKH SUHVV UHOHDVH 0RUH VR WKDQ DQ\ RWKHU UHFRUG WKDW ,Â¶YH GRQH DOO RI PH LV LQ WKLV DOEXP ,W UHDOO\ DFFXUDWHO\ VKRZV DOO WKH GLIIHUHQW VLGHV WR P\ SHUVRQDOLW\ DQG WKHUH DUH D ORW RI SHUVRQDO VWRULHV RQ WKHUH 7KH VRQJV KDYH FRPH IURP D PRUH YXOQHUDEOH SODFH DQG ,Â¶P PRUH KRQHVW DERXW P\ VKRUWFRPLQJV DQG , DGGUHVV VRPH RI WKH GDUNHU DVSHFWV RI P\ OLIH %XW WKHUHÂ¶V DOVR PRUH XSOLIWLQJ DQG KRSHIXO VRQJV DV ZHOO FRPLQJ IURP D PRUH DEVWUDFW SODFH ,W VXPV XS D ORW RI DVSHFWV RI P\ SHUVRQDOLW\ EXW DOVR DVSHFWV RI P\ PXVLFDO VW\OH +RZ GLG LW IHHO WR EH VR RSHQ RQ D UHFRUG" ,W IHOW QDWXUDO EHFDXVH ,Â¶G EHHQ EXLOGLQJ XS WR LW 2Q WKH ILUVW UHFRUG WKH O\ULFV DUH D ORW PRUH DEVWUDFW DQG WKHUHÂ¶V PRUH SRHWLF ODQJXDJH ZKHUH ,Â¶P GHDOLQJ ZLWK PRUH P\VWLFDO VRXQGLQJ VWXII 7KHQ WKH QH[W DOEXP LV D ELW PRUH SHUVRQDO WKLQNLQJ DERXW P\ SODFH LQ WKH ZRUOG D ELW WDONLQJ DERXW UHDO OLIH H[SHULHQFHV DQG UHDO OLIH LVVXHV %XW DJDLQ LW ZDV PRUH WKDW EURDG SRHWLF VRPHWLPHV FU\SWLF

SHUVSHFWLYH 6R LWÂ¶V EHHQ D JUDGXDO SURJUHVVLRQ WR JHW LW WR WKLV SRLQW DQG , ZDVQÂ¶W WRR VFDUHG DERXW SXWWLQJ WKRVH SHUVRQDO WKLQJV LQ +DYLQJ VDLG WKDW WKHUH ZHUH D IHZ VRQJV ZKHUH , ZDV DGGUHVVLQJ WKLQJV ,Â¶G QHYHU UHDOO\ GHDOW ZLWK WR WKDW H[WHQW EHIRUH :KLFK FDQ EH D JUHDW VRXUFH RI WKHUDS\ EXW \RX GR DFFHVV VRPH HPRWLRQV WKDW FDQ EH WULFN\ WR GHDO ZLWK <RXÂ¶YH EHHQ RQ WKH VFHQH IRU \HDUV $V D ELW RI D YHWHUDQ KRZ GR \RX OLNH ZKHUH $XVVLH KLS KRS VLWV WRGD\" ,Â¶YH QRWLFHG WKHUH DUH VRPH JUH\ DUHDV JURZLQJ EHWZHHQ ZKDWÂ¶V EHFRPH FRPPHUFLDO DQG ZKDW VWD\V XQGHUJURXQG +LS KRS KDV EHFRPH UHDOO\ FRPPHUFLDOO\ VXFFHVVIXO LQ $XVWUDOLD DQG ZH QHYHU WKRXJKW WKDW ZRXOG KDSSHQ ,W VWLOO EORZV P\ PLQG WKDW DQ\RQH VHOOLQJ WKDW DPRXQW RI UHFRUGV DV DQ $XVWUDOLD KLS KRS DFW OLNH %OLVV Q (VR RU +LOOWRS >+RRGV@ %XW \RXÂ¶UH ULJKW $XVWUDOLDQ KLS KRS KDV EHFRPH VXFK D FRPPHUFLDOO\ YLDEOH JHQUH D ZKROH ORW RI ZHLUG VWXII LV JRLQJ RQ DQG WKHUHÂ¶V D ORW PRUH GLYLVLRQ QRZ LQ WKH VFHQH WKDQ SHUKDSV WKHUH XVHG WR EH LQ WHUPV RI ZKDW LW VRXQGV OLNH 'R \RX WKLQN WKDWÂ¶V JRRG IRU WKH JHQUH DFURVV WKH ERDUG" ,WÂ¶V SUREDEO\ D JRRG WKLQJ 1RW QHFHVVDULO\ WKH GLYLVLRQ EXW WKH OHYHO RI GLYHUVLW\ WKHUH LV QRZ <RXÂ¶YH JRW DUWLVWV WKDW DUH PDNLQJ FRPPHUFLDO VRXQGV DQG JHWWLQJ KHDSV RI UDGLR SOD\ DQG SHRSOH DW WKH RWKHU HQG RI WKH VSHFWUXP GRLQJ WKH KDUG JULP\ XQGHUJURXQG VWXII $QG \RXÂ¶YH JRW HYHU\WKLQJ LQ EHWZHHQ , WKLQN DFURVV WKH ERDUG PXVLFDOO\ $XVVLH KLS KRS LV GRLQJ EHWWHU WKDQ HYHU EHFDXVH WKHUH LV VR PXFK WR FKRRVH IURP $OO , KRSH LV WKH VXFFHVV RI WKH ELJJHU FRPPHUFLDO DUWLVWV WULFNOH GRZQ VR WKDW WKH DUWLVWV WKDW DUH PRUH XQGHUJURXQG RU D OLWWOH ELW PRUH UDZ VRXQGLQJ JHW D OLWWOH ELW RI VKLQH WKHPVHOYHV 7KHUHÂ¶V ORWV RI VNLOOHG DUWLVWV RXW WKHUH ZKR DUHQÂ¶W QHFHVVDULO\ JRLQJ WR JHW WKH UDGLR SOD\ 6R ZKDW LV \RXU SUHIHUHQFH" $UH \RX DQ DUWLVW WKDW ZDQWV WR VHOO RXW DUHQDV RU DUH \RX PRUH FRPIRUWDEOH NHHSLQJ LW XQGHUJURXQG" , ORYH SOD\LQJ WR ELJ DXGLHQFHV , ORYH LW 3HUIRUPLQJ DOZD\V ZDV P\ IDYRXULWH SDUW RI WKH JDPH ,Â¶YH DOZD\V SULGHG P\VHOI RQ SXWWLQJ RQ D UHDOO\ JRRG OLYH VKRZ DQG WKDWÂ¶V DOO , UHDOO\ ZDQWHG WR GR ZKHQ , VWDUWHG UK\PLQJ , MXVW ZDQWHG WR EXVW RXW OLYH , GLGQÂ¶W HYHQ UHDOO\ WKLQN DERXW UHFRUGLQJ DOEXPV EXW WKDWÂ¶V REYLRXVO\ FKDQJHG D ORW QRZ ,Â¶G EH PRUH WKDQ KDSS\ ZLWK WKH SRVVLELOLW\ RI SOD\LQJ DUHQDV EXW WKDW GHVLUH LQ LWVHOI LVQÂ¶W ZKDWÂ¶V PRWLYDWLQJ PH , ZDQW WR PDNH WKH NLQG RI PXVLF , ZDQW WR PDNH DQG , ZDQW WR WDNH LW WR DV PDQ\ SHRSOH DV SRVVLEOH 6R LI ,Â¶P PDNLQJ PXVLF WKDW ,Â¶P SURXG RI DQG , JHW WR SHUIRUP LW LQ IURQW RI SHRSOH WKHQ WKDWÂ¶V D ZLQ ,I LWÂ¶V LQ IURQW RI RU WKHQ WKDWÂ¶V D ELJJHU ZLQ <RXÂ¶YH UHOHDVHG 7HOOLQJ 6FHQHVWKURXJK 7HQ WR 7ZR 5HFRUGV ZKLFK LV D YHU\ QHZ ODEHO +RZ GLG WKDW FRPH DERXW" , ZDV XQVLJQHG DIWHU WKH ODVW UHFRUG VR , ZDV WDONLQJ WR D QXPEHU RI GLIIHUHQW ODEHOV DQG WKHUH ZHUH D IHZ SHRSOH WKDW ZHUH LQWHUHVWHG 7HQ WR 7ZR DFWXDOO\ FDPH WKURXJK ODWH LQ WKH ZKROH VFHQDULR 7KH\ RQO\ UHDOO\ GHFLGHG WKH\ ZHUH JRLQJ WR VWDUW WKH ODEHO RIILFLDOO\ DW WKH HQG RI ODVW \HDU DW ZKLFK SRLQW , ZDV DOUHDG\ LQ GLVFXVVLRQ ZLWK D QXPEHU RI RWKHU ODEHOV EXW WKH\ ZHUH GXGHV ,Â¶G NQRZQ IRU DORQJ WLPH ,Â¶G VHHQ WKHP ZRUN ZLWK DUWLVWV EHIRUH OLNH *UH\ *KRVW 6HWK 6HQWU\ DQG D QXPEHU RI RWKHUV VR , KDG D JRRG LPSUHVVLRQ RI ZKDW WKH\ ZHUH FDSDEOH RI DV D WHDP 7KH\ ZHUH UHDOO\ SDVVLRQDWH DQG H[FLWHG DERXW WKH PXVLF DQG LW ZDV D WLPLQJ WKLQJ WRR , KDG D WLPHOLQH , ZDV ZRUNLQJ WRZDUGV DQG DOO WKH HOHPHQWV DOLJQHG 6R \RX KDYH EHHQ WRXULQJ IRU D JRRG ILYH \HDUV ZKDW VKRXOG ZH H[SHFW IURP \RXU VKRZV WKLV WLPH URXQG" , OLNH WR RIIHU DGHTXDWH DQG DYHUDJH VOLJKWO\ GLVDSSRLQWLQJ VKRZ , WKLQN WKDWÂ¶V ZKDW VHWV PH DSDUW IURP D ORW RI WKH RWKHU DUWLVWV RQ P\ OHYHO $ ORW RI SHRSOH FRPH H[SHFWLQJ D UHDOO\ G\QDPLF HQJDJLQJ DQG H[FLWLQJ OLYH

SHUIRUPDQFH DQG OHDYH MXVW IHHOLQJ \RX NQRZ VOLJKWO\ XQIXOILOOHG *RRG WDFWLF <RX QHHG WR JLYH SHRSOH VRPHWKLQJ WR WDON DERXW ([DFWO\ \RX ZDQW VRPHWKLQJ WR FKDW DERXW RQ WKH ZD\ KRPH GRQÂ¶W \RX" ,W FRXOG EH IDLUO\ DZNZDUG RWKHUZLVH $QG HYHU\RQH UHPHPEHUV WKH DYHUDJH RQHV $QG IRU WKRVH WKDW FDQÂ¶W GHWHFW VDUFDVP LQ SULQW" >/DXJKV@ , ORYH SHUIRUPLQJ OLNH , VDLG LWÂ¶V VRPHWKLQJ WKDWÂ¶V DOZD\V UHDOO\ LPSRUWDQW WR PH VRPHWKLQJ ,Â¶YH DOZD\V HQMR\HG DQG VRPHWKLQJ , SXW D ORW RI SULGH LQ , OLNH WR FUHDWH D UHDOO\ LQWHUHVWLQJ DQG HQJDJLQJ OLYH VKRZ :LWK P\ KHDGOLQLQJ VKRZV ,Â¶YH JRW D ORW PRUH URRP WR PRYH DQG SOD\ ZLWK KRZ P\ VHW JRHV ,Â¶P JRLQJ WR SXW D ORW RI XSV DQG GRZQV DQG WZLVWV DQG WXUQV LQ WKH VHW , JHW WR SOD\ ZLWK VRPH GLIIHUHQW WKLQJV OLNH , FDQ IUHHVW\OH , FDQ EXVW VRPH D FDSHOODV , FDQ GR VRPH IXQQ\ EXVLQHVV ZLWK P\ '- , OLNH WR JHW WKDW H[WUD URRP WR SOD\ ZLWK 0DNH VXUH \RX FDWFK 0DQWUD ZKHQ KH EULQJV KLV DOEXP ODXQFK WRXU WR )O\ULWH 3HUWK RQ 7KXUVGD\ 6HSWHPEHU ZLWK *UH\ *KRVW $OO WLFNHW DQG VKRZ GHWDLOV DYDLODEOH IURP ZZZ PDQWUDHPFHH FRP

+20(

$%287

7+( $576

7+( ,668(6

/,)( 67</(

:25'3/$<

0(',$

UHYLHZ PDQWUD Â± WHOOLQJ VFHQHV %XUVWLQJ RQ WKH VFHQH DV WKH DIIDEOH IURQW PDQ RI EDQG ,OO]LOOD WKH SURGXFHU WXUQHG HPFHH 0DQWUD KDV EHHQ D VWDOZDUW LQ WKH 0HOERXUQH VFHQH ZKHWKHU LWÂ¶V FROODERUDWLQJ ZLWK KHDY\ ZHLJKWV VXFK DV 0 SKD]HV IRU KLV DOEXP RU HYHQ MXVW HQFRXUDJLQJ DQ\ WR KDYH D VKRW DW IUHHVW\OLQJ DW VRPH JLJV ,OO]LOOD ZDV PHUHO\ RQH SKDVH LQ 0DQWUDÂµ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Â¶V DELOLW\ WR FRQVWUXFW VFHQHV EDVHG RQ WKH FRPELQDWLRQ RI EHDWV DQG 0DQWUDÂµ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Â¶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ÂµQRUPDOÂ¶ OLIHVW\OH :LWK VRPH KHDY\ PDWHULDO QRZ RYHU OHYLW\ LV IRXQG LQ WKH IRUP RI WKH ILUVW VLQJOH IURP WKH DOEXP /RXGPRXWK 7KH FDWFK\ WUDFN ILQGV WKH HPFHH DW KLV VHOI GHSUHFDWLQJ EHVW D FKDUDFWHULVWLF WKDW PDUNV KLV VHWV /RXGPRXWK GHVFULEHV 0DQWUD LQ KLV \RXWK WKH DFW RI EHLQJ WKH FODVV FORZQ VHWWLQJ XS KLV GHVWLQ\ WR EHFRPH DQ (PFHH /RXGPRXWK DFWV DV D FRXQWHUSRLQW WR 7KH )HDU WKH HPFHH WDNLQJ D IRQG WULS GRZQ PHPRU\ ODQH HYHQ HYRNLQJ ,QIRUPHU E\ 6QRZ WR DFW DV D WLPHVWDPS IRU WKH DXGLHQFH

IHDWXUHG 7KRP <RUNH YV 6SRWLI\ _ 6DWXUGD\ $XJ ,QWHUUHJQD _ 7KXUVGD\ -DQ 3,$) 3HUWK ,QWHUQDWLRQDO $UWV )RU )UHH $QG 8QGHU )LIW\ _ 7KXUVGD\ 1RY :K\ LV WKH 86 (OHFWLRQ VR &ORVH" _ 6DWXUGD\ 1RY 7KH +XOEHUW 6WUHHW 6XVWDLQDELOLW\ )LHVWD Â± *URZLQJ &RPPXQLW\ _ )ULGD\ 6HS &KDW ZLWK &KDVP _ 6DWXUGD\ 0D\ -HVV +DUOHQ VHUYLQJ XS VRXO _ 6DWXUGD\ 0D\ 7KH 9LUJLQ :DUULRU _ )ULGD\ 0DU 5HYROXWLRQ LQ WKH 0LGGOH (DVW Â± $ FRPPXQLFDWLRQ HGXFDWLRQ _ 7XHVGD\ $SU 0R9HPEHU _ )ULGD\ 1RY

7LWOH WUDFN 7HOOLQJ 6FHQHV KLJKOLJKWV WKH KLJKHU LGHDOV WKDW 0DQWUD GHPRQVWUDWHV &DOOLQJ EDFN WR WKH Âµ2UDQJH 5HYROXWLRQÂ¶ WKDW XSWXUQHG WKH ERG\ SROLWLF LQ 8NUDLQH WKH WUDFN GHPRQVWUDWHV WKH SRZHU RI RQH SHUVRQ WKH VSDUN WKDW FDQ EHJLQ D UHYROXWLRQ $IWHU D EULHI LQWHUOXGH WKH VXUSULVLQJ LQFOXVLRQ RI %DE\ *LUO D WUDFN WKDW FRXOG EH FRQVWUXHG DV EHLQJ DERXW SHUVRQDO UHODWLRQVKLSV LV D ILQH GHPRQVWUDWLRQ RI WKH GRXEOH WLPH 0DQWUD LV FDSDEOH RI GRLQJ VR RYHU D EOXHV ULII ZLWK DSORPE %UHDN 7UDGLWLRQ IROORZV IURP 7HOOLQJ VFHQHV DQG FHPHQWV 0DQWUDÂµV IRFXV RQ KLJKHU LGHDOV $V H[SHFWHG ZLWK WKH WLWOH %UHDN 7UDGLWLRQ LV D FDOO WR DUPV WR UHFRQVLGHU WKH VLWXDWLRQ RQH ILQGV WKHPVHOYHV LQ UHFDOLEUDWLQJ RQHÂ¶V OLIHVW\OH WR EUHDN QHJDWLYH F\FOHV $IWHU WKDW WKRXJKW SURYRNLQJ FXW WKH DOEXP ODXQFKHV LQWR WKH VLPLODUO\ XS WHPSR 3HUIHFW &ULPH ZLWK %URRNO\Q EDVHV HPFHH /RXLV /RJLF ZKRVH VDPSOH EDVH ZRXOGQÂ¶W EH RXW RI SODFH LQ D +RQJ .RQJ DFWLRQ ILOP 7KH LQWHUOXGH VNLW WKDW LV 'U 7UHPEDWK 0HHWV 3URIHVVRU 9RQ +RUQ LV D JUHDW LQWURGXFWLRQ WR EHDWER[ H[WUDRUGLQDU\ PDQ RI WKH PRPHQW 7RP 7KXP ZKR IHDWXUHV RQ 7KH ([SHULPHQW 7KH WUDFN LV HQWLUHO\ GRQH ZLWK WKH RXWSXW RI WKH WZR 0DQWUD TXLFN WR WHOO WKH DXGLHQFH WKDW WKH WUDFN KDV Âµ1R LQVWUXPHQWV QR VDPSOHV QR EHDW PDFKLQHV MXVW WZR KXPDQ YRLFHV RQ WKH WUDFN \Â¶DOOÂ¶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ÂµV UK\PHV ZLWKRXW WKH HPFHH ORVLQJ KLV IRFXV RQ WKH KLJK LGHDOV WKDW W\SLILHV KLV ZRUN %\ 'DYLG &RIIH\

Ä¸ 5HYLHZ +\MDN Â± 7KH /LJKW $W 7KH (QG 2I 7KH 7XQQHO

-REV Äº

&RPPHQWV DUH FORVHG

&2/2628/ Â&#x2039; $OO ULJKWV UHVHUYHG _ 3ULYDF\ 3ROLF\ _ 'HYHORSHG %\ <DVLU 7DULT

1HZV )HDWXUHV 5HYLHZV 3KRWRV 6OLGHVKRZV 0L[WDSH 9LGHR )UHH 6KLW

(YHQWV

5HFRPPHQGV

%OLVV 1 (VR 3OD\ Â³7RS 6HFUHWÂ´ $IJKDQLVWDQ 7RXU

&RQWULEXWH

$GYHUWLVH :LWK 8V

,FH &UHDP 0DNHUV 7R *LYH )XWXUH (QWHUWDLQPHQW +HDGDFKH

&RXOGQ W ORDG SOXJ LQ

&RRNLQJ :LWK 0DQWUD 0DQWUD V 0XP V 5RDVW /DPE :ULWWHQ E\ 6DUDK *XSS\ RQ 6HSWHPEHU $XVWUDOLDQ KLS KRS DUWLVW 0DQWUD KDV MXVW UHOHDVHG KLV WKLUG VWXGLR DOEXP 7HOOLQJ 6FHQHV WKH ILUVW RQ 7HQ 7R 7ZR 5HFRUGV WKH KRPH RI 6HWK 6HQWU\ DQG *UH\ *KRVW :LWK WKH DOEXP DOUHDG\ VSDZQLQJ WZR VXFFHVVIXO VLQJOHV %UDGLR DQG DQWKHP /RXGPRXWK DV ZHOO DV WKH GDUNHU Âµ%UHDN 7UDGLWLRQÂ¶ WKH DOEXP FHUWDLQO\ VKRZFDVHV KRZ KLJK 0DQWUD KDV UDLVHG WKH EDU :KDW ZHUH \RXU IRRG LQIOXHQFHV ZKHQ \RX ZHUH JURZLQJ XS DQG ZKDW NLQG RI IRRG GLG \RX HDW DW KRPH RU ZLWK \RXU IDPLO\" 0\ PXP DQG GDG OLYHG VHSDUDWHO\ ZKHQ , ZDV JURZLQJ XS DQG WKH\ KDG WRWDOO\ GLIIHUHQW DSSURDFKHV WR FRRNLQJ 0XP ZDV KHDSV PRUH WUDGLWLRQDO DQG FRRNHG WKDW UHDO KHDUW\ FRPIRUWLQJ VRXO IRRG ZLWK ORWV RI ORYH LQ LW 0DG VWHZV DQG FXUULHV DQG SDVWDV DQG WKH EHVW URDVWV ,Â¶YH HYHU HDWHQ LQ P\ OLIH 'DG ZDV D ELW PRUH H[SHULPHQWDO D ELW PRUH IDQF\ +H ZRXOG FRRN ORWV RI IXQN\ DVLDQ VW\OH PHDOV DQG HYHU\ QRZ DQG WKHQ D UHDOO\ PHDQ VWHDN (LWKHU ZD\ , ZDV ZHOO IHG

&22.%22.

/LNH

+RZ ZDV \RXU GLHW GXULQJ UHFRUGLQJ Âµ7HOOLQJ 6FHQHVÂ¶ GLG \RX FRRN ZKLOH \RX ZHUH LQ VWXGLR RU ZDV LW WDNH DZD\ " , WU\ QRW WR HDW WRR PXFK WDNH DZD\ ZKLOH ,Â¶P LQ WKH VWXGLR EXW VRPHWLPHV LW FDQ EH KDUG WR DYRLG :KHQ \RXÂ¶UH DUULYLQJ DW WKH VWXGLR DW DP DQG QRW OHDYLQJ WLO RU DW QLJKW D TXLFN GRGJ\ PHDO LV RIWHQ WKH RQO\ RSWLRQ 7KDW VDLG PH DQG 3WHURB6W\OXV ZKR PL[HG WKH DOEXP ZRXOG RIWHQ

&RQWDFW

(UURU

%OXHVIHVW /LQHXS /HDNV %LOO\ %UDJJ )RU

GR D PDG ORQJ VHVVLRQ LQ WKH VWXGLR DQG WKHQ JR KLW XS D PDVVLYH SXE PHDO DQG KDYH D IHZ EHHUV WR ZLQG GRZQ %ULOOLDQW :KDW VRUW RI WRXU YDQ PXQFKLHV WR \RX SODQ RQ WDNLQJ RQ WKH URDG IRU \RXU Âµ7HOOLQJ 6FHQHVÂ¶ DOEXP WRXU" , ORYH PH VRPH WRXU YDQ PXQFKLHV )RU UHDO 0\ IDYRXULWHV DW WKH PRPHQW DUH WDPDUL DOPRQGV DQG EODFN VHVDPH ULFH FUDFNHUV ,Â¶YH QHYHU WULHG FUDFN EXW , VZHDU WR JRG WKHVH VQDFNV DUH IDU PRUH DGGLFWLYH , FDQ EULQJ KRPH SDFNHWV RI HDFK DQG WKH\Â¶UH JRQH E\ GD\Â¶V HQG 5HFHQWO\ RQ WRXU ,Â¶YH EHHQ ORYLQJ IUHVK MXLF\ RUDQJHV WRR 7KH\ NHHS \RX K\GUDWHG DQG NHHS \RXU HQHUJ\ XS ERWK RI ZKLFK FDQ EH WULFN\ RQ WKH URDG :KDW W\SH RI IRRG GR \RX KDWH DQG ZKDW LV WKH PRVW GLVJXVWLQJ WKLQJ \RXÂ¶YH HYHU HDWHQ" $OO P\ EHVW IRRG VWRULHV FRPH IURP D WULS WR &KLQD , WRRN LQ WR ZRUN RQ D ELJ DUW SURMHFW RYHU WKHUH , ZDV ZLWK P\ KRPLH 0RQNH\ 0DUF DQG ZH ZHQW WR WKLV SODFH WKDW KDG DQ LWHP RQ WKH PHQX FDOOHG Â³6HQVDWLRQ LQ WKH 'LUW\Â´ :H KDG WR RUGHU LW MXVW IRU WKH QDPH 7XUQV RXW WKDW ZDV D EDG LGHD ,W ZDV VRPH NLQG RI OLYHU VWLU IU\ WKLQJ DQG QR RQH LQ WKH FUHZ FRXOG VWRPDFK PRUH WKDQ D PRXWKIXO 2Q DQRWKHU RFFDVLRQ ZH RUGHUHG D QRWRULRXV GLVK FDOOHG Â³6WLQN\ 7RIXÂ´ ZKLFK DFWXDOO\ WDVWHG GHOLFLRXV WKRXJK DV LWÂ¶V QDPH VXJJHVWHG VPHOOHG OLNH DEVROXWH GHDWK 7KH VPHOO ZRXOG EHVW EH GHVFULEHG DV D SHUIHFW PDUULDJH EHWZHHQ KRW JDUEDJH DQG D WRLOHW DW %LJ 'D\ 2XW :KDW W\SH RI IRRG GR \RX PDNH VXUH WR DYRLG EHIRUH D JLJ RU JRLQJ RQ VWDJH" , KDG D SUHWW\ EDG UXQ LQ ZLWK DQ ,QGLDQ FXUU\ RQFH , DWH LW DERXW PLQXWHV EHIRUH JRLQJ RQ VWDJH ZLWK D EDQG $ERXW PLQXWHV EHIRUH WKH VHW WKHUH ZDV DQ HPHUJHQF\ RI HSLF SURSRUWLRQV DQG WKH EDQG DFWXDOO\ KDG WR VWDUW ZLWKRXW PH EHFDXVH , ZDV LQ WKH PHQÂ¶V URRP DW WKH YHQXH SUD\LQJ IRU P\ OLIH :KDW ZDV ZRUVH LV WKH GRRU RQ WKH FXELFOH GLGQÂ¶W ORFN VR PRVW RI WKH WLPH , KDG RQH IRRW XS DJDLQVW WKH GRRU VR QRERG\ ZRXOG ZDON LQ DQG VHH WKH IURQWPDQ RI WKH EDQG WKH\Â¶G FRPH WR VHH LQ WKH OHDVW IODWWHULQJ SRVLWLRQ LPDJLQDEOH ,PDJLQH IRU D VHFRQG \RX FDQ UHTXHVW DQ\WKLQJ RQ \RXU ULGHU IRU \RXU XSFRPLQJ DOEXP WRXU IRU Âµ7HOOLQJ 6FHQHVÂ¶ :KDW IRRG DQG GULQNV ZRXOG \RX SXW RQ LW" 7KH ILUVW WKLQJ P\ GUHDP ULGHU ZRXOG KDYH RQ LW LV SUREDEO\ D NLFN DVV FKDUFXWHULH ERDUG ,Â¶P WDONLQJ )UHQFK FKHHVHV FXUHG PHDWV IRLV JUDV ZKLWH DQFKRYLHV JUHHQ 6LFLOLDQ ROLYHV WKH ZRUNV 3UREDEO\ QRW WKH EHVW VWXII WR EH HDWLQJ EHIRUH D JLJ EXW VHULRXVO\ GRSH VWXII ,I , HYHU WKRXJKW , FRXOG JHW DZD\ ZLWK LW ,Â¶G UHTXHVW LW IRU VXUH 2WKHU WKDQ WKDW ,Â¶G SUREDEO\ DVN IRU D UHDOO\ QLFH VPRRWK VLQJOH PDOW $ *OHQPRUDQJLH RU *OHQILGGLFK DURXQG \HDUV ROG ,Â¶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Â¶UH VWLOO VWXFN WRJHWKHU DQG FRPSOHWHO\ XQXVDEOH WR WKLV GD\ :KHUHÂ¶V \RXU IDYRXULWH PXVLF YHQXH WR HDW DW LQ $XVWUDOLD" 7KDWÂ¶V D WRXJK RQH 7KH (VS\ LQ 0HOERXUQH KDV D SUHWW\ UDG NLWFKHQ DV GRHV 5HSXEOLF %DU LQ +REDUW $Q\ZKHUH WKDW GRHV UHDOO\ JRRG TXDOLW\ SXE IDUH LV JRRG E\ PH :KDW PXVLF GR \RX OLNH WR SOD\ ZKHQ \RXÂ¶UH FRRNLQJ" , OLVWHQ WR DOO VRUWV RI GLIIHUHQW PXVLF ZKHQ ,Â¶P FRRNLQJ , WKLQN LW GHSHQGV RQ ZKDW ,Â¶P PDNLQJ , RIWHQ SXW XS )DFHERRN VWDWXVHV VD\LQJ VRPHWKLQJ DORQJ WKH OLQHV RI Â³,Â¶P FRRNLQJ WXQD VWHDNV ZLWK OLPH DQG FRULDQGHU VDOVD ZKDWÂ¶V P\ LGHDO VRXQGWUDFN"Â´ , DOZD\V JHW VRPH LQWHUHVWLQJ UHVSRQVHV PRVW RI ZKLFK , LJQRUH EXW WKHUHÂ¶V DOZD\V VRPH JROG LQ WKHUH /HG =HSSHOLQ 2WLV 5HGGLQJ %LOOLH +ROLGD\ DQG &: 6WRQHNLQJ DUH P\ XVXDO JR WRÂ¶V :KDW LV RQH PHDO \RX FRXOG QRW OLYH ZLWKRXW" 7KLV LV SUREDEO\ FOLFKH DV KHOO EXW LWÂ¶V WRWDOO\ P\ PRWKHUÂ¶V URDVW ODPE &RRNHG VORZO\ ZLWK KHDSV RI JDUOLF DQG URVHPDU\ SHUIHFW URDVW SRWDWRHV FUXQFK\ DV KHOO RQ WKH RXWVLGH VRIW DQG FUHDP\ RQ WKH LQVLGH URDVWHG UHG SHSSHUV DQG ZKROH FORYHV RI JDUOLF %XW WKH VWDU RI WKH VKRZ LV PXPÂ¶V VLJQDWXUH JUDY\ ,Â¶YH QHYHU WDVWHG DQRWKHU VDXFH H[DFWO\ OLNH LW 1RERG\ NQRZV H[DFWO\ ZKDW VKH SXWV LQ LW %XW , NQRZ LW LQFOXGHV YHJHPLWH 7HOOLQJ 6FHQHV LV QRZ RQ 7HQ 7R 7ZR 5HFRUGV

0DQWUD 7RXU 'DWHV 7+856'$< 6(3 ± )/<5,7( 3(57+ ± )5,'$< 6(3 ± 02-2¶V )5(0$17/( ± 7+856'$< 2&7 ± *5($7 1257+(51 1(:&$67/( ± )5,'$< 2&7 ± $11$1'$/( +27(/ 6<'1(< ± 6$785'$< 2&7 ± %($&+&20%(5 728./(< ± )5,'$< 2&7 ± 7+( (9(/<1 0(/%2851( ± 7+856'$< 2&7 ± 7(032 +27(/ %5,6%$1( ± 6$7 2&7 ± 62/ %$5 0$522&+<'25( ± 6$7 2&7 ± (' &$67/( $'(/$,'( ±

0DQWUD V 0XP V 5RDVW /DPE 0HWKRG

,QJUHGLHQWV

NJ OHJ RI ODPE JDUOLF FORYHV KDOYHG WEV IUHVK URVHPDU\ OHDYHV PO FXS ROLYH RLO NJ FKDW VPDOO FROLEDQ

SRWDWRHV KDOYHG J FXSV IUR]HQ EDE\ SHDV :LQH *UDY\ WEV SODLQ IORXU PO FXSV

FKLFNHQ VWRFN PO FXS GU\ ZKLWH ZLQH

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

+20(

%(67 2) /,67

),1' 86

&217$&7 86

$%287 86

5(&(17 32676 -HVVLFD /RQJ 7KH 1HZ .LQG QHZ VRQJ 6\OYLD 6($ /(*6 5(/($6( 1(: 6,1*/( $1' $11281&( 7285 '$7(6 :,7+ -(%(',$+ $1' 5(*85*,7$725 .DWLH &ROH -LOO (Y\Q ,QWHUYLHZ &DWKHULQH 7UDLFRV 7KH 6WDUU\ 1LJKW Â± 7KH (DUWK 7KH 6HD 7KH 0RRQ 7KH 6N\ $OEXP 5HYLHZ

5(&(17 &200(176 NHYLQ EHQGHOO RQ .DLWOLQ 7KRPDV .DLWOLQ 7KRPDV RQ .DLWOLQ 7KRPDV ,QWHUYLHZ *DU\ 0DUHOOD RQ .$7( 1$6+ $11281&(6 7+,5' $/%80 Âµ*,5/ 7$/.Â¶ -HQ RQ -LOOHWWH -RKQVRQ Â± :DWHU ,Q $ :KDOH $OEXP 5HYLHZ +($57%($7 6<'1(< 35(66 _ WKHHYHQLQJFDVW RQ7KH (YHQLQJ &DVW ,QWHUYLHZ

$5&+,9(6 1RYHPEHU 2FWREHU 6HSWHPEHU $XJXVW -XO\ -XQH 0D\ $SULO 0DUFK )HEUXDU\ -DQXDU\ 'HFHPEHU 1RYHPEHU 2FWREHU 6HSWHPEHU $XJXVW -XO\ -XQH 0D\ $SULO 0DUFK )HEUXDU\ -DQXDU\ 'HFHPEHU 1RYHPEHU 2FWREHU 6HSWHPEHU $XJXVW -XO\ -XQH 0D\ $SULO 0DUFK )HEUXDU\ -DQXDU\ 'HFHPEHU 1RYHPEHU 2FWREHU 6HSWHPEHU $XJXVW -XQH

*HP P D .D\H Âª

È± È± È± È± È± 3XEOLVKHG -XO\ _

6HDUFK

$'9(57,6( +(5(

%\ F KU LV

0DQWUD )ROORZLQJ RQ IURP UDGLR DQWKHP /RXGPRXWK 0HOERXUQH UDSSHU 0$175$ KDV GURSSHG WKH HPRWLRQDOO\ KHDY\ %UHDN 7UDGLWLRQ Â± WKH VHFRQG VLQJOH IURP KLV IRUWKFRPLQJ DOEXP Âµ7HOOLQJ 6FHQHVÂ¶ 'XH IRU UHOHDVH LQ 6HSWHPEHU Âµ7HOOLQJ 6FHQHVÂ¶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Â¶V 0DVVLYH KLS KRS FKRLU DQG FDSSHG HYHU\WKLQJ RII ZLWK D VXLWDEO\ JUDQG FKRUXV FRXUWHV\ RI &LVFR 7DYDUHV 3RZHUIXO DQG UHODWDEOH %UHDN 7UDGLWLRQ KDG HYROYHG LQWR RQH RI 0$175$Â¶V EHVW VRQJV DQG KDG PRUH WKDQ HDUQHG LWV SODFH RQ KLV DPELWLRXV QHZ DOEXP $V D FDYDOFDGH RI WKLV FDOLEHU RI VRQJ Âµ7HOOLQJ 6FHQHVÂ¶ FRQILGHQWO\ SXVKHV WKH ERXQGDULHV RI KLS KRS DQQRXQFLQJ LQ QR XQFHUWDLQ WHUPV WKDW 0$175$ KDV UHDFKHG WKH QH[W OHYHO RI KLV FUDIW 7285,1* Â± $8*867 6(37(0%(5 2&72%(5 Â± '$7( 5(*,21$/ 7285 :,7+ 6(7+ 6(175< *5(< *+267 67$57,1* $8*867 VW Â± 7(//,1* 6&(1(6 1$7,21$/ 7285 72 %( $11281&(' $8*867 WK Â± $OO VKRZ GHWDLOV DYDLODEOH IURP ZZZ P DQ W UDHP FHH FRP /LVWHQ WR %UHDN 7UDGLWLRQ RQ <RXWXEH

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

&$7(*25,(6 $FWRU 'LUHFWRU *LYHDZD\ ,QWHUYLHZV 0RGHO 0RYLHV 0XVLF 35 5HYLHZV 6LWH 1HZV 79

2U 6RXQG&ORXG

0$175$Â¶V QHZ VLQJOH %UHDN 7UDGLWLRQ LV DYDLODEOH IRU SXUFKDVH RQ L7XQHV WKLV )ULGD\ $XJXVW 7+( 1(: $/%80 Â± Âµ7(//,1* 6&(1(6Â¶ 287 6(37(0%(5

From: "Your Daily SPA - theMusic.com.au" <dailyspa@themusic.com.au> Subject: Dune Rats snubbed over bong video, the meh, bad and ugly Emmys' moments, Mumford's hiatus and win Breaking Bad tighty whities... Date: 23 September 2013 4:32:44 PM AEST To: "Seam Lam" <lam.seam@gmail.com>

Monday 23 September 2013

VIETNAM SNUBS DUNE RATS OVER BONG CLIP Brisbane band Dune Rats suggest they've been left off a festival bill in Hanoi because of their Red Light, Green Light video. READ MORE...

THE MEH, BAD AND UGLY OF THE EMMYS The Emmys basically told us that some carbon-copy nerd stereotype is funnier than Louis CK. We beg to differ. READ MORE...

MUMFORD & SONS TAKE INDEFINITE HIATUS “There won’t be any Mumford & Sons activities for the foreseeable future” keyboardist Ben Lovett has confirmed. READ MORE...

BID FOR THE BREAKING BAD TIGHTY WHITIES Breaking Bad's producers are selling off its props as the acclaimed show comes to an end and we pick out the most wanted items. READ MORE...

THE WIRE ACTOR TAKES ON LIAM GALLAGHER Idris Elba, famous for playing Stringer Bell in the acclaimed TV series, says "no one gives a f*ck” about the ex-Oasis singer. READ MORE...

AUSSIE COUNTRY BEATS SWEDISH EDM TO #1 Keith Urban pips Avicii in the ARIA Albums chart, while Mantra and NZ's The Naked & Famous also debuted strongly. READ MORE...

1(:6

,17(59,(:6

5(9,(:6

&2/8016

*,* *8,'(

6&(1(3,;

0(18 6(37(0%(5 7+

0DQWUD

%\ 1DWDOLH 5RJHUV

8JU KTWYJRFLD (TRRJSYX 4KK +JFYZWJ .SYJW[NJ\X 5HODWHG

+FHJ 9MJ 2ZXNH 'QNSP .SYJW[NJ\ 9TJ YT 9TJ )NLLJW FSI 9MJ 5ZXX^HFYX .Y×X F GJFZYNKZQ XUWNSL FKYJWSTTS FSI ^TZ×WJ TSJ TK &ZXYWFQNF×X GJXY FSI RTXY WJXUJHYJI WFUUJWX <MFY FWJ ^TZ ZU YT$ Ù5FHNSL FWTZSI R^ GNL JRUY^ MTZXJ YFPNSL QNYYQJ UTY XMTYX FY R^ NSITTW MTTU GJY\JJS NSYJW[NJ\X Ú 2JQGTZWSJ JRHJJ 2FSYWF WJUQNJX \NYM F HMJJPNSJXX NS MNX [TNHJ 9 MNSLX XYFWY TKK QNLMY FSI KZS FX MJ YFQPX FGTZY MNX WJHJSY YNRJ TS YMJ WTFI \NYM GZII^ ,WJ^ ,MTXY XZUUTWYNSL MNU MTU OZLLJWSFZY 8JYM 8JSYW^ Ù.Y×X GJJS KQFY TZY Ô YTYFQQ^ GFQQX YT YMJ \FQQ NS YJWRX TK R^ QJ[JQ TK FHYN[NY^ GZY J[JW^YMNSL NX VZNYJ J]HNYNSL . ITS×Y RNSI GJNSL F \TWPFMTQNH \MJS YMJ \TWP NX XT KZS FSI LJYYNSL WJFI^ KTW R^ FQGZR YT IWTU MFX GJJS PJJUNSL RJ WJFQQ^ GZX^ Ú 2FSYWF HTSYNSZJI 'ZY FX YMJ NSYJW[NJ\ UWTLWJXXJX MNX YTSJ GJHTRJX F QNYYQJ RTWJ XJWNTZX FX MJ YFQPX FGTZY RFPNSL MNX QFYJXY WJHTWI Ù9MJ UWTHJXX TK YMNX FQGZR \FX FS NSYJWJXYNSL TSJ 2FPNSL F WJHTWI NX FQ\F^X JRTYNTSFQQ^ IWFNSNSL KTW RJ FY QJFXY ÖHFZXJ . UTZW R^ MJFWY FSI XTZQ NSYT NY FSI YMJWJ \JWJ F \MTQJ QTY TK TGXYFHQJX FSI XJYGFHPX . JSHTZSYJWJI FQTSL YMJ \F^ <MJS . KNWXY XYFWYJI . \FX UZYYNSL F QTY TK UWJXXZ WJ TS R^XJQK YT LJY NY TZY VZNHPQ^ FSI PJJU YMJ RTRJSYZR LTNSL KWTR R^ QFXY WJQJFXJ 8TTS . WJFQNXJI . \FXS×Y MFUU^ FSI YMJWJ \FX F RTRJSY \MJWJ . XFNI Ö. HFS×Y IT YMNX ×Ú -JQU HFRJ NS YMJ KTWR TK F QNYYQJ XFLJ FI[NHJ KWTR F HTZUQJ TK KWNJSIX Ù. MFSL TZY F QTY \NYM ,WJ^ ,MTXY FSI MNX \NKJ /ZQNF \MT FWJ Y\T TK R^ GJXY KWNJSIX FSI F HTSXYFSY XTZWHJ TK NSXUNWFYNTS YT RJ &SI \J HTQQFGTWFYJ F QTY FX \J QQ 9MJ^ GTYM UQF^JI VZNYJ F GNL UFWY NS YMNX WJHTWI UFWYNHZQFWQ^ /ZQNF 9MJ^ GFXNHFQQ^ OZXY XFNI YT RJ ÖIZIJ ^TZ×WJ RFPNSL ^TZWXJQK HWF_^ >TZ×WJ UZYYNSL FQQ YMNX UWJXXZWJ TS ^TZWXJQK /ZXY IT \FSY ^TZ \FSY YT IT FSI YFPJ ^TZW YNRJ \NYM NY×

:LHYJO /LYL

)5((%,(6

$%287

Ù*[JS YMTZLM NY \FX XT XNRUQJ FSI TG[NTZX NY \FX YMJ GJXY FI[NHJ .×[J J[JW WJHJN[JI &X XTTS FX YMJ^ XFNI YMFY . NRRJINFYJQ^ KJQQ YT YMJ KQTTW FSI GWJFYMJI F RFXXN[J XNLM TK WJQNJK . \FX T[JWOT^JI \NYM F WZXM TK HWJFYN[J QNGJWY^ FSI YMJ INWJHY WJXZQY TK YMFY HTS[JWXFYNTS \FX YMWJJ YWFHPX TS YMJ FQGZR Y\T TK \MNHM MF[J GJHTRJ YMJ KNWXY Y\T XNSLQJX Ú 9MJ XNSLQJX YMFY 2FSYWF NX WJKJWWNSL YT NX WFINT FSYMJR Ö1TZIRTZYM× FSI YMJ YMTZLMY UWT[TPNSL Ö'WJFP 9WFINYNTS× GTYM XYFSITZYX TS FS FQGZR KZQQ TK NSXNLMYKZQ YFQJX FUYQ^ YNYQJI 9JQQNSL 8HJSJX YMJ YMNWI NSXYFQRJSY TK 2FSYWF×X 9MJ 5T\JW TK YMJ 8UTPJS 9WNQTL^ -NX FGNQNY^ YT GWNSL MNX \TWIX YT QNKJ \NYM HFWJKZQQ^ HWFKYJI UWJHNXNTS NX F WFWJ YFQJSY Ù9MJWJ FWJ F KJ\ YWFHPX TS YMJ FQGZR YMFY FWJ LTNSL YT GJ F OT^ YT UQF^ QN[J GZY TSJ YMFY WJFQQ^ XYF SIX TZY NX YMJ TSJ . UQF^JI TS YMJ 1TZIRTZYM 8NSLQJ 9TZW JFWQNJW NS YMJ ^JFW .Y×X F XTSL HFQQJI Ö6ZNHPXNQ[JW× .Y×X XTRJYMNSL YMFY×X WJFQQ^ KWJXM .Y×X FS FHTZXYNH YWFHP FSI . \FXS×Y XZWJ FY KNWXY MT\ NY \TZQI GJ WJHJN[JI GZY FKYJW YMJ XJY TYMJW JRHJJX FUUWTFHMJI RJ YT XF^ NY \FX YMJNW KF[TZWNYJ XTSL Ú >TZ HFS MJFW YMTXJ YWFHPX FSI TYMJWX TS 9JQQNSL 8HJSJX TZY ST\ <MJS <MJWJ 9MJ *[JQ^S 2JQGTZW SJ Ô 4HYTGJW Ƈ *SI 8MFWJ 5TXY 3PRL ;^LL[

5HFRPPHQGHG

)DFHERRN

)DFH 7KH 0XVLF %OLQN ,QWHUYLHZ

-PUK \Z VU -HJLIVVR

-VY[L 4HNHaPUL 3PRL WLVWSL SPRL -VY[L 4HNHaPUL

7RH WR 7RH

-HJLIVVR ZVJPHS WS\NPU

'LJJHU DQG 7KH 3XVV\FDWV 6XEVFULEH WR RXU 1HZVOHWWHU +NW XY SF RJ

1F XY SF RJ

&RORXUHG 6WRQH

*RF NQ

(TRRJSYX FWJ HQTXJI 6XEVFULEH

j )RUWH 3XEOLVKLQJ >3RZHUHG E\ :RUG3UHVV@

0DQWUD 0DQGXUDK LV P\ FLW\ %\ $P\ 0DUWLQ 6HSW D P

%&41*5& UIJT 4VOEBZ CFJOH UIF GJSTU UJNF IJQ IPQ BSUJTU .BOUSB XJMM CF IFSF IF T BMSFBEZ DMBJNJOH .BOEVSBI BT IJT PXO )F GJSTU IFBSE PG UIF DJUZ XIFO IF FODPVOUFSFE TPNF MPDBM GBOT PO IJT MBTU UPVS o BOE TPNFUIJOH BCPVU UIF DJUZ MFGU B MBTUJOH JNQSFTTJPO XJUI UIF .FMCPVSOF QFSGPSNFS i.BOEVSBI JT NZ DJUZ BT GBS BT * N DPODFSOFE w IF KPLFE i* NFU QFPQMF EPXO JO #VOCVSZ EVSJOH NZ MBTU TIPX UIFSF BOE BTLFE XIFSF UIFZ XFSF GSPN BOE UIFZ TBJE A8F SF GSPN .BOEVSBI BOE * XBT MJLF A:PV SF GSPN .BOUSB 5IBU T TP XFJSE w 8JUI IJT TJNJMBS OBNF BTJEF .BOUSB TBJE IF T MPPLJOH GPSXBSE UP QFSGPSNJOH UIJT XFFLFOE BOE FYQFDUT iB GSFBLJOH QBSUZw GPS IJT MBTU TIPX JO UIF 8FTUFSO "VTUSBMJBO MFH PG UIF 7HOOLQJ 6FHQHV UPVS i* IBWFO U TQFOU UIBU NVDI UJNF JO 8" w IF TBJE i* MPWF JU UIFSF BOE * WF CFFO B DPVQMF PG UJNFT i#VU JU T UIF GJSTU UJNF UP .BOEVSBI BOE * N SFBMMZ MPPLJOH GPSXBSE UP JU w 1HZV

%XVLQHVV

0O UPVS XJUI IJT UIJSE TUVEJP BMCVN 7HOOLQJ 6FHQHV XIJDI XBT SFMFBTFE FBSMJFS UIJT :LHYJO

NPOUI JU JT B OFX EJSFDUJPO GPS UIF IJQ IPQ BSUJTU

)F EFTDSJCFT JU BT B QSPHSFTTJPO PG IJT MBTU UXP BMCVNT BOE XIJMF .BOUSB BENJUT UIFSF BSF UIJOHT PO UIF BMCVN XIJDI BSF OFX GPS IJT SFQFSUPJSF UIF QFSGPSNFS UIJOLT GBOT BQQSFDJBUF IJN OPU TUJDLJOH UP UIF iTBNF PMEw 5IF NBJO JOGMVFODF PWFS UIJT MBUFTU SFMFBTF JT TPNFUIJOH NPTU IJQ IPQ BSUJTUT XPVMEO U FWFO ESFBN PG EPJOH ZFU IBT IFMQFE UIF BSUJTU XJUI B OFX XBZ PG DPOTUSVDUJOH IJT TPVOE 8IBU TUBSUFE BT USBJOJOH UP LFFQ WPDBM GJU GPS IJT QSFWJPVT BMCVN IBT SFTVMUFE JO TJOHJOH BOE QJBOP MFTTPOT i5IFSF XFSF TPNF TPOHT XIJDI XFSF UFTUJOH NZ WPDBM SBOHF BOE * XBOUFE NZ WPJDF UP CF TUSPOH BOE UP OBJM BMM PG UIF OFX USBDLT w .BOUSB FYQMBJOFE i*U XBT B GPSN PG USBJOJOH UP HFU NBUDI GJU CVU UIF NVTJD MFTTPOT PQFOFE VQ NZ FZFT UP UIF QPTTJCJMJUJFT i* XBT DPOGJEFOU JO NBLJOH DIPJDFT UIBU * UIPVHIU CFGPSF XFSF XFJSE PS IBE OPU FWFO UIPVHIU BCPVU i* OPX IBWF B DMFBS JEFB PG XIBU FBDI TPOH TIPVME TPVOE MJLF BOE UIF XBZ JU IBT UP IBQQFO w 5IF SFTVMU JT BO BMCVN MJLF UIF POFT .BOUSB IJNTFMG iHSFX VQ MJTUFOJOH UPPw *U T POF PG UIF NPTU QFSTPOBM SFDPSET GPS UIF SBQ BSUJTU JOKFDUJOH NPSF PG IJNTFMG JOUP UIF SFDPSE UIBO FWFS CFGPSF BOE UBDLMJOH TPNF QFSTPOBM JTTVFT JO IJT NVTJD "OE XJUI B OFX PVUMPPL PO IPX IF NBLFT NVTJD .BOUSB IBT EPOF TP JO B XBZ XIJDI UVSOT IJT BMCVN JOUP B DPMMFDUJPO PG TIPSU TUPSJFT i.Z NBJO GPDVT JT UP UFMM B MPU PG OBSSBUJWFT w IF TBJE i* BQQSFDJBUF UIBU TUZMF PG XSJUJOH i8IJMF PCWJPVTMZ FWFSZ USBDL IBT B TUPSZ CFIJOE JU HFUUJOH JOUP B SFBM TUPSZUFMMJOH XBZ PG XSJUJOH JT TPNFUIJOH * IBWFO U EPOF B MPU PG w .BOUSB XJMM CF BU 1MBZFST #BS XJUI 4FUI 4FOUSZ BOE (SFZ (IPTU 4FQUFNCFS 'PS NPSF JOGPSNBUJPO PS GPS UJDLFUJOH HP UP P[UJY DPN BV

3PRL WLVWSL SPRL [OPZ

6LJQ XS WR RXU ZHHNO\ QHZVOHWWHU

5HDG 0DJ $GYHUWLVH &RQWDFW

6HDUFK +RPH

0XVLF

$UWV

)HVWLYDOV

)UHH 6KLW

*LJ *XLGH

9HQXHV

'LVFXVVLRQ

)($785(' $57,&/(6

&RPHG\ )HDWXUH

9LVXDO $UWV )HDWXUH

7KHDWUH )HDWXUH

7KHDWUH 5HYLHZ

+DQQDK *DGVE\

9RRGRR Ó )ORZHUV Ó 3DULV

7KH 'LUHFWRUV &XWV

$Q 2UGLQDU\ 3HUVRQ

/,6$ 20$*$5, -RLQHG WK 0D\ /DVW VHHQ WK 1RYHPEHU

0DQWUD 3PRL

5(/$7(' &217(17 0DQWUD YLHZV FRPPHQWV 58)86 YLHZV FRPPHQWV

7KHUHÂ¶V QR XVH SUHWHQGLQJ WKDW UDS LV VWLOO D QLFKH JHQUH LQ WKLV FRXQWU\ 7KH $XVWUDOLDQ PXVLF LQGXVWU\ LV EXUVWLQJ DW WKH VHDPV ZLWK PHQ DQG QRW HQRXJK ZRPHQ FODPEHULQJ RYHU HDFK RWKHU WR VSLW UK\PHV LQ VRPH VRUW RI WLPH *HQUH VDWXUDWLRQ FDQ EH FUHDWLYH VXLFLGH EXW OXFNLO\ IRU DOO LQYROYHG WKH KLS KRS VFHQH LQ RXU IDLU ODQG KDV VWD\HG DIORDW E\ LWV

)ODWEXVK =RPELHV YLHZV FRPPHQWV

VDIHW\ LQ QXPEHUV 7DOHQW KDV DOZD\V EHHQ WKHUH VNLOO KDV

0DWWKHZ ( :KLWH YLHZV FRPPHQWV

NH\ LQJUHGLHQW WKDW KDV SXVKHG $XVVLH KLS KRS EH\RQG WKH

'HHS ,PSUHVVLRQV YLHZV FRPPHQWV 7KH 8SEHDWV YLHZV FRPPHQWV 3 0RQH\ YLHZV FRPPHQWV +142 YLHZV FRPPHQWV

GHILQLWHO\ JURZQ EXW PDWHVKLS DQG FROODERUDWLRQ Â± WKDWÂ¶V WKH KLOOWRSV DQG LQWR WKH VWUDWRVSKHUH 0DQWUD 5RE 7UHPOHWW DFFRUGLQJ WR KLV SDVVSRUW KDV ILQDOO\ UHYHDOHG DOEXP QXPEHU WKUHH 7HOOLQJ 6FHQHV DQG KDV D ZKROH QHZ VHWOLVW WR JR ZLWK LW IRU WKH DOEXP ODXQFK WRXU Â³,Â¶YH EHHQ SUHWW\ FDJH\ DERXW LW DOO Â´ 7UHPOHWW VD\V RI WKH VKRZV KH SOD\HG LPPHGLDWHO\ EHIRUH 7HOOLQJ 6FHQHV GURSSHG Â³>, ZDV@ GRLQJ WKH WZR VLQJOHV DQG GURSSLQJ OLWWOH ELWV RI RWKHU WUDFNV OLNH D YHUVH RI RQH DQG D FKRUXV RI DQRWKHU GURSSHG LQ Â« NHHSLQJ LW FORVH WR P\ FKHVW XQWLO WKH ELJ DOEXP WRXU Â´

7KXQGHUFDW YLHZV FRPPHQWV

5REHUW %DELF] YLHZV FRPPHQWV

*KRVW WR ROG VSDUULQJ SDUWQHU 7RP 7KXP 7UHPOHWW KDV DOZD\V HQMR\HG

$V LV 7UHPOHWWÂ¶V 02 WKH UHFRUG LQFOXGHV D VOHZ RI JXHVWV IURP *UH\ FROODERUDWLYH FUHDWLRQ EXW ZKDW VWDQGV RXW ZLWK WKLV DOEXP LV LWV PXVLFDOLW\ Â³, VWDUWHG JHWWLQJ VRPH YRFDO OHVVRQV PDLQO\ WR VWUHQJWKHQ P\ YRLFH DQG WDNH FDUH RI LW RQ WKH URDG DQG QDLO P\ WXQHV HDFK DQG HYHU\ QLJKW Â´ KH VD\V Â³7KDW WKHQ OHG WR WU\LQJ PRUH RXW ZLWK VLQJLQJ DQG , JRW WR OHDUQ VRPH SLDQR DQG LW JRW WR VROLGLI\ VRPH RI WKH PXVLF WKHRU\ ,Â¶G OHDUQHG EDFN LQ WKH GD\V DV ZHOO DV JLYLQJ PH WKDW UHDOO\ VWURQJ IRXQGDWLRQ WR EXLOG RQ ,W UHDOO\ DIIHFWHG P\ ZULWLQJ DQG P\ PXVLF LQ D FRRO ZD\ 7KH PRUH , WKLQN DERXW LW QRZ WKRXJK , SUREDEO\ GLG QHHG WR GR LW Â´ $V ZLWK KLV SUHYLRXV UHOHDVHV 7UHPOHWW KDV FKRVHQ WR EH IRUWKULJKW DQG KRQHVW LQ KLV O\ULFV DQG VXEMHFW PDWWHU RQ WKLV DOEXP WKRXJK QRW EH\RQG UHDVRQ Â³, WKLQN IRU WKH PRVW SDUW WKH WKLQJV WKDW , ZULWH DERXW DUH WKH WKLQJV ,Â¶P JHQHUDOO\ FRPIRUWDEOH ZLWK SHRSOH KHDULQJ DQG GLVFXVVLQJ ,I \RXÂ¶UH SXWWLQJ VRPHWKLQJ LQ D VRQJ \RXÂ¶UH EDVLFDOO\ SXWWLQJ LW XS IRU SXEOLF GLVFXVVLRQ ,I WKHUHÂ¶V VRPHWKLQJ ,Â¶P WRWDOO\ QRW FRPIRUWDEOH ZLWK , ZRQÂ¶W SXW LW RQ D UHFRUG 6RPH RI WKH ELJJHVW REVWDFOHV DQG HPRWLRQDO LVVXHV ,Â¶YH GHDOW ZLWK LQ P\ OLIH ,Â¶YH FRPH WR WHUPV ZLWK D ORW PRUH DIWHU ZULWLQJ VRQJV DERXW WKHP 7KHUH KDYH EHHQ D IHZ PDVVLYH KHDUWEUHDNV DQG WUDJHGLHV WKDW KDYH EHFRPH HDVLHU WR WKLQN DERXW Â´ 7KRXJK 7UHPOHWW FRQWLQXHV WKDW HPRWLRQDO SXUJLQJ KH H[SODLQV WKH FDWDO\VW IRU HDFK VRQJ FDQ DOZD\V FRPH EDFN DQG WDNH KLP E\ HPRWLRQDO VXUSULVH Â³<RXÂ¶YH SRXUHG \RXU KHDUW RXW EXW DIWHU UHKHDUVLQJ DQG SHUIRUPLQJ D VRQJ QLJKW DIWHU QLJKW LW PDNHV LW D ELW VWUDQJH Â´ KH VD\V Â³, KDYH D VRQJ , ZURWH Âµ)RU <RXÂ¶ DERXW P\ IULHQG ZKR ZDV PXUGHUHG DQG ,Â¶G ZULWWHQ WKH VRQJ D IHZ \HDUV DJR QRZ DQG ,Â¶G UHFRUGHG EHIRUH DQG SHUIRUPHG LW Â± , GHFLGHG WR UHFRUG LW DJDLQ LQ LWV ILQDO LQFDUQDWLRQ , ODLG

(SS

;V\Y

9LSLHZL

+HUJL

.PN

-LZ[P]HS

0UK\Z[Y`

-PST

(Y[Z

/64, 5,>: ;/, .<0+, 05;,9=0,>: 9,=0,>: )36.: 30:;,5 >(;*/ -,:;0=(3: 05+<:;9@ :;69,

%UHH 7UDQWHU ,1'8675< 086,& 1(:6

>/(; /(=, 6<9 05+0, (9;0:;: ),,5 <7 ;6& 6HSWHPEHU

6WDII :ULWHU

65 ;/, 96(+ )UHVK ZLWK D QHZ FOLS IRU WXQH 0RXQWDLQ 2I 'HDG 0HOERXUQHÒ&#x2039;V IRXU SLHFH +LJK 7HQVLRQ Â² PDGH XS RI PXVRV IURP <RXQJ 5HVWOHVV DQG 7KH 1DWLRQ %OXH Â² ZLOO KLW WKH HDVW FRDVW RI WKH FRXQWU\ WR SOD\ D UDQJH RI VKRZV LQ DQWLFLSDWLRQ IRU WKHLU IRUWKFRPLQJ UHFRUG 'HDWK %HDW 0RUH 0HOERXUQH ERUQ DQG QRZ %URRNO\Q EDVHG /XOXF KDYH EHHQ DGGHG DV WKH VXSSRUW IRU WKH PDVVLYH XSFRPLQJ WRXU IRU 7KH 1DWLRQDO WKH GXRÒ&#x2039;V ILUVW OLYH VKRZ IRU WKUHH \HDUV DV WKH\ OHDG LQWR WKH UHOHDVH RI D VRSKRPRUH UHFRUG 5HDG RQ 0DNLQJ WKH WULS EDFN KRPH DIWHU D PDVVLYH VWULQJ RI VKRZV LQ (XURSH 7KH &URRNHG )LGGOH %DQG ZLOO VKRZFDVH D EXQFK RI QHZ PDWHULDO IURP WKHLU XSFRPLQJ UHFRUG 0RYLQJ 3LHFHV 2I 7KH 6HD LQ D ODUJH VFDOH $XVVLH WRXU 6HH DOO WKH GDWHV 6FKHGXOHG WR UHOHDVH WKHLU GHEXW IXOO OHQJWK LQ HDUO\ 7KH &DLURVZLOO DOVR WDNH WR FURZGV WKURXJK 2FWREHU DQG 1RYHPEHU WR WHDVH VRPH PDWHULDO )XOO WRXU GHWDLOV

%UHH 7UDQWHU IRUPHU PXOWL LQVWUXPHQWDOLVW H[WUDRUGLQDLUH IURP 7KH 0LGGOH (DVW LV QRZ VHW WR MRLQ LQGLH KHDUWWKURE 0DWW &RUE\ RQ WKH URDG IRU KLV QDWLRQDO WRXU 7UDQWHU KDV MXVW UHOHDVHG KHU (3 -DZV PRUH LQIR LQFOXGLQJ WKH GDWHV KHUH 2Q WKH EDFN RQ %,*6281' .LQJ *L]]DUG 7KH /L]DUG :L]DUG ZLOO QRW VORZ GRZQ UHOHDVLQJ WKH GDWHV IRU D VL[ GDWH WRXU IURP PLG QH[W PRQWK WR 1RYHPEHU WKH PDVVLYH DFW ODXQFKLQJ QHZ /3 )ORDW $ORQJ )LOO <RXU /XQJV &KHFN LW RXW

,@, 65 ;/, */(9;: %ULVEDQH SRS IDYHV 6KHSSDUG KDYH QRWFKHG WKH QXPEHU RQH VSRW DJDLQ LQ WKH WRS RI $,5Ò&#x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

LQ DW VL[ DQG VHYHQ SOXV IRUPHU 1RLVHZRUNV EDVVLVW 6WHYH %DOEL ZLWK KLV VROR HIIRUW %ODFN 5DLQERZ 6RFLDO )DPLO\ 5HFRUGV ;HORQ LQ DW

566 )HHG

+20(

1(:6

)($785(' $57,676

5(9,(:6

,17(59,(:6

&217$&7

,1752'8&,1*

,17(59,(: Â± 0$175$

6HDUFK

7+856'$< 6(37(0%(5

1(: 6281'6 MHQQ\EURNHWKHZLQÂ«

JYn]d

6KDUH

'RZQORDG

1(: 6,*+76

&KHFN 2XW 0DQWUD RQ KLV 8SFRPLQJ 7RXU 'DWHV RQ SRVWHU DERYH

:KR DUH \RX DQG ZKDW DUH \RX GRLQJ KHUH"" ,Â¶P 0DQWUD ,Â¶P D UK\PHU IURP 0HOERXUQH DQG ,Â¶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

)$&(%22. -PUK \Z VU -HJLIVVR

+RZ ZRXOG \RX GHVFULEH \RXU PXVLF"

*VVS ;Y`

, KDWH WU\LQJ WR GHVFULEH P\ PXVLF , SUHIHU SHRSOH WR OLVWHQ WR LW DQG PDNH WKHLU RZQ PLQGV XS %XW , VXSSRVH LI , KDG WR SXW LW LQWR ZRUGV LW ZRXOG EH +LS +RS PXVLF ZLWK D FRQVFLRXV O\ULFDO IRFXV ,Â¶P QRW LQWHUHVWHG LQ ZULWLQJ FDWFK\ VRQJV DERXW SDUWLHV FOXEV ODGLHV DQG KROLGD\V , ZDQW P\ O\ULFV WR SDLQW SLFWXUHV DQG WDNH WKH OLVWHQHUV VRPHZKHUH WKH\Â¶YH QHYHU EHHQ EHIRUH

3PRL WLVWSL SPRL *VVS ;Y`

,I \RX KDG WR FKRRVH RQH VRQJ \RXÂ¶YH ZULWWHQ WKDW EHVW GHILQHV \RXU VRXQG ZKLFK RQH ZRXOG LW EH" 7KDWÂ¶V D WRXJK RQH 6R ,Â¶P JRQQD SLFN WZR 7KH ILUVW LV Â³3RZHU RI WKH 6SRNHQÂ´ ,WÂ¶V WKH WLWOH WUDFN RI P\ ILUVW DOEXP DQG WRWDOO\ GHOYHV LQWR WKH PHDQLQJ RI P\ QDPH DQG WKH FRQFHSW RI Â³0DQWUDÂ´ ,W DOVR ORRNV DW ZKDW HPFHHLQJ PHDQV WR PH DQG ZKDW , YDOXH DQG WUHDVXUH LQ LW 7KH RWKHU VRQJ ZRXOG EH Â³*RW 0H :URQJÂ´ IURP P\ VHFRQG DOEXP 6SHDNLQJ 9ROXPHV ,W WDONV DERXW P\ LQVHFXULWLHV DQG DQ[LHWLHV EXW DOVR WKH WKLQJV WKDW PDNH PH VWURQJHU DQG PRUH FRQILGHQW %RWK VRQJV VDPSOH WUDGLWLRQDO ,QGLDQ PXVLF DQG WKDW VXPV XS WKH VRXQG , ZDV JRLQJ IRU DW WKDW WLPH

-HJLIVVR ZVJPHS WS\NPU

,Q WKLV GD\ DQG DJH ZKHUH DQ\RQH LV SUHWW\ PXFK DEOH WR SLFN XS DQ LQVWUXPHQW ZKDW ZRXOG \RX VD\ VHWV \RXU EDQG DSDUW IURP WKH UHVW" $OO , FDQ VD\ LV , GRQÂ¶W ORRN WR DQ\RQH HOVH IRU P\ LGHDV RU LQVSLUDWLRQ ZKHQ LW FRPHV WR VRQJZULWLQJ 2EYLRXVO\ ,Â¶P LQVSLUHG DQG LQIOXHQFHG E\ YDULRXV SHRSOH DQG WKLQJV EXW ZKHQ , VLW GRZQ WR ZULWH D VRQJ DOO ,Â¶P WKLQNLQJ DERXW LV ZKDW WKDW SDUWLFXODU VRQJ QHHGV LQ RUGHU WR EH DV JRRG DV LW FDQ EH :KHUH DUH SHRSOH DEOH WR KHDU \RXU VRQJV" (YHU\ZKHUH 0\ WKUHH VROR DOEXPV DUH DYDLODEOH RQ L7XQHV DQG LQ UHFRUG VWRUHV 0\ PXVLF YLGHRV DUH RQ <RXWXEH DQG , KDYH VRPH H[FOXVLYH WUDFNV RQ 6RXQGFORXG DQG %DQGFDPS )RU DQ\ XSGDWHV \RX FDQ FKHFN P\ ZHEVLWH P\ )DFHERRN SDJH RU P\ 7ZLWWHU DFFRXQW ZZZ PDQWUDHPFHH FRP ZZZ WZLWWHU FRP 0DQWUDBPF ZZZ IDFHERRN FRP PDQWUDKLSKRS

$UH \RX SOD\LQJ DQ\ VKRZV DQ\WLPH VRRQ ,Â¶P MXVW DERXW WR ILQLVK D GDWH UHJLRQDO WRXU ZLWK 6HWK 6HQWU\ DQG *UH\ *KRVW DQG KDYH MXVW NLFNHG RII P\ RZQ QDWLRQDO WRXU WR ODXQFK P\ QHZ DOEXP 7HOOLQJ 6FHQHV 'DWHV DQG WLFNHW LQIR DUH RQ P\ ZHEVLWH :KDW LV \RXU SURXGHVW PRPHQW JUHDWHVW DFKLHYHPHQW DV D PXVLFLDQ" , KDYH ORWV RI SURXG PRPHQWV EXW WKH RQH WKDW VSULQJV WR PLQG ILUVW LV RSHQLQJ IRU 3XEOLF (QHP\ D IHZ \HDUV EDFN 7KH\ ZHUH RQH RI P\ ELJJHVW LQVSLUDWLRQV HDUO\ RQ DQG WKHLU DOEXP Â³<R %XP 5XVK 7KH 6KRZÂ´ ZDV DFWXDOO\ WKH ILUVW &' , HYHU ERXJKW 6R EHLQJ EDFNVWDJH ZLWK &KXFN ' DIWHU D OLIHWLPH RI OLVWHQLQJ WR KLP DQG OHDUQLQJ IURP KLP ZDV D PDVVLYH WKULOO

7HOO XV EDQGV WKDW ZH VKRXOG EH OLVWHQLQJ WR EH NHHSLQJ DQ H\H RXW IRU" *UH\ *KRVW '\ODQ -RHO DQG 0XVW 9RONRII $Q\WKLQJ (OVH \RX¶G OLNH WR DGG" ,¶P D VKLW WDONHU IRU D OLYLQJ 7KHUH¶V DOZD\V VRPHWKLQJ ,¶G OLNH WR DGG 7DJV PDQWUD 3RVWHG LQ ,QWHUYLHZV 7RXU

$%287 7+( $87+25 6HDQKROLR , DP FR IRXQGHU RI WKH VLWH $SDUW IURP P\ GDXJKWHU 0XVLF LV P\ OLIH LI , P QRW OLVWHQLQJ WR LW WKHQ L P ZULWLQJ LW ,I L P QRW ZULWLQJ LW \RX FDQ ILQG PH KHUH ZULWLQJ DERXW LW 7KLV ZHEVLWH DQG PXVLF LV P\ SDVVLRQ L ZDQW WR VHH WKLV PRQVWHU JURZ IDYRXULWH EDQGV DUH %OLQN $QJHOV DQG $LUZDYHV 'DVKERDUG &RQIHVVLRQDO &RSHODQG 5HOLHQW . 0DH DQG VR PXFK PRUH , WKLQN QR RQH ZLOO HYHU EH DEOH WR PDNH DQ DOEXP EHWWHU WKDQ EOLQN V XQWLWOHG UHOHDVH

/($9( $ &200(17 1$0( 5(48,5('

0$,/ :,// 127 %( 38%/,6+(' 5(48,5('

:(%6,7(

68%0,7 &200(17

&RRO 7U\ EUR $OO 5LJKWV 5HVHUYHG 6LWH %\ VN\\ GRWW ʌ

566 )HHG

+20(

1(:6

/,9( 5(9,(:6

5(9,(:6

)/$6+%$&. )5,'$<6

,17(59,(:6

&217$&7

79 029,(6

5(9,(: 0$175$ Â± 7(//,1* 6&(1(6

6HDUFK

021'$< 2&72%(5

5(&(17 32676 5HYLHZ 0DQWUD Â± 7HOOLQJ 6FHQHV ,QWURGXFLQJ Â± 5RFNHW 7KH *KRVW 5HYLHZ -DFN 7KH 6WULSSHU Â± 5DZ 1HUYH /LJKWQLQJ %ROW $ 6KRUW )LOP %\ 'DQQ\ &OLQFK _ 3HDUO -DP )HDWXUH Â± ,QWHUYLHZ 'HQQLV /\[]pQ ,1961 5HIXVHG $&

,Â¶OO EH KRQHVW , ORYH KLS KRS ,Â¶P MXVW QRW WKDW ELJ RI D IDQ RI $XVWUDOLDQ KLS KRS ,V WKDW XQSDWULRWLF" 1R ,WÂ¶V GXH WR WKH IDFW WKDW , DP JURZLQJ WLUHG RI KHDULQJ WKH VDPH VRXQG UHF\FOHG RYHU DQG RYHU 0\ LPPHGLDWH UHDFWLRQ ZKHQ , ZDV WROG WR UHYLHZ DQ $XVWUDOLDQ KLS KRS DUWLVW ZDV KHVLWDWLRQ %R\ KRZ ZURQJ , ZDV 6R KHVLWDQW WR KHDU WKH VDPH VWXII ,Â¶YH KHDUG IURP ZKDW VHHPV OLNH WKH PDMRULW\ RI $XVWUDOLDQ KLS KRS , KLW SOD\ RQ WKH DOEXP Â³7KDWÂ¶V D GDPQ FRRO DOEXP FRYHU WKRXJKÂ´ ZDV P\ LQLWLDO WKRXJKW DV WKH LQWURGXFWLRQ VWDUWHG $V D PXVLFLDQ P\VHOI , DSSUHFLDWHG WKH DPELDQFH DQG DWPRVSKHULF WRQH WKH WUDFN VHW ,W EHDXWLIXOO\ DQG VHDPOHVVO\ PRYHG WKURXJKRXW LWÂ¶V IORZLQJ FKRUG SURJUHVVLRQV DQG EOHQGHG HIIRUWOHVVO\ LQWR WKH VHFRQG WUDFN , ZDV VWLOO VLWWLQJ WKHUH DV D VNHSWLF Â± XQWLO , KHDUG 0DQWUD , WKRXJKW WKH SLDQR , KDG MXVW KHDUG IORZHG EXW , OHDUQW TXLWH TXLFNO\ WKDW QRWKLQJ IORZV OLNH 0DQWUD +LV O\ULFV DUH KRQHVW KLV WLPLQJ LV IODZOHVV DQG KLV IORZ LV VR PHORGLF WKDW LW EHFRPHV RQH ZLWK WKH LQVWUXPHQWV RI WKH WUDFN ,W LV VR UHIUHVKLQJ WR KHDU VRPHRQH UDS WKH ZD\ WKHLU YRLFH IDOOV RXW RI WKHLU PRXWK Â± QRW WU\LQJ WR VRXQG $PHULFDQ OLNH WKH UDSSHUV WKH\ DUH PRVW OLNHO\ LQIOXHQFHG E\ QRW WU\LQJ WR RYHUO\ SXVK WKH $XVWUDOLDQ DFFHQW WR DQ XQQDWXUDO GHJUHH Â± MXVW VWUDLJKW XS DQG KRQHVW :KRHYHU SURGXFHG WKHVH WUDFNV GHVHUYHV DOO RI WKH DFFRODGHV DV WKH SURGXFWLRQ LV LPPDFXODWH 7KH VLQJOH /RXGPRXWK LV D JUHDW H[DPSOH RI WKLV Â± KRZHYHU 4XLFNVLOYHU FRXOG MXVW EH RQH RI P\ IDYRXULWH WUDFNV ,Â¶YH KHDUG DOO \HDU ,WÂ¶V KDXQWLQJO\ VDG SHUIHFWO\ H[HFXWLQJ ZKDW LW VHWV RXW WR DFKLHYH $OO LQ DOO WKLV DOEXP LV DPD]LQJ ,WÂ¶V FDWFK\ LWV KRQHVW LWÂ¶V GLYHUVH LWÂ¶V SROLVKHG EXW PRVW RI DOO Â± LW UHVWRUHG P\ IDLWK LQ $XVWUDOLDQ KLS KRS )RU WKDW 0DQWUD , WKDQN \RX

1(: 6281'6 MHQQ\EURNHWKHZLQGRZ 7DJV PDQWUD 3RVWHG LQ 5HYLHZV

JYn]d

$%287 7+( $87+25 -D\VRQ (YDQV -D\VRQ (YDQV 0XVLF 3URGXFHU 0XVLFLDQ LQ %\ 'HVLJQ 6WXSLGO\ +DQGVRPH 6WXSLGO\ WDOHQWHG DQG D JRRG NLVVHU $Q HFOHFWLF WDVWH LQ PXVLF DQG KH KDV KLV ZD\ ZLWK ZRUGV /RYHV KLS KRS DQG KDQGMREV

'RZQORDG

1(: 6,*+76

/($9( $ &200(17 1$0( 5(48,5('

0$,/ :,// 127 %( 38%/,6+(' 5(48,5('

:(%6,7(

566 )HHG

+20(

1(:6

5(9,(:6

,17(59,(:6

&217$&7

/,9( 5(9,(: 0$175$ Â± 7+( *5($7 1257+(51 1(:&$67/( )5,'$< 2&72%(5

6HDUFK

5(&(17 32676 -RKQ *UDQW :LWK )XOO %DQG $QQRXQFHV )LUVW 6KRZ RI +LV $XVWUDOLDQ 7RXU /LYH 5HYLHZ 0DQWUD Â± 7KH *UHDW 1RUWKHUQ 1HZFDVWOH -$0(6 %/817 _ WRXULQJ HYHU\ $XVWUDOLDQ VWDWH DQG WHUULWRU\ 1HZ =HDODQG LQ ,QWHUYLHZ Â± 6DYLRXU ,QWURGXFLQJ Â± 'DQJHUNLGV

$IWHU KRZ PXFK , ORYHG KHDULQJ Âµ7HOOLQJ 6FHQHVÂ¶ , FRXOGQÂ¶W ZDLW WR VHH 0DQWUD LQ FRQFHUW 2SHQLQJ ZLWK Âµ/HDUQ <RXU /DQJXDJHÂ¶ WKH ILUVW WUDFN IURP WKH DOEXP 0DQWUD H[SORGHG RQVWDJH +LV WLPLQJ ZDV SUHFLVH KLV IORZ ZDV DV LW ZDV SHUIRUPHG RQ UHFRUG Â± EXW WKH RQH WKLQJ , QRWLFHG WKH PRVW ZDV KLV DWWLWXGH DQG KLV FURZG FRQWURO +H PDGH D SRLQW D IHZ VRQJV LQ WKDW WKH URRP ZDVQÂ¶W DV IXOO DV KHÂ¶G SUHIHUUHG DOWKRXJK ÂµLWÂ¶V QRW DERXW WKH SHRSOH DW WKH SDUW\ LWÂ¶V DERXW WKH SDUW\ LQ WKH SHRSOHÂ¶ ,WÂ¶V DOO WRR FRPPRQ \RX VHH DUWLVWV GLVFRXUDJHG E\ XQGHUZKHOPLQJ WXUQRXWV Â± HVSHFLDOO\ LQ 1HZFDVWOH DW D SDLG HQWU\ VKRZ RQ D 7KXUVGD\ QLJKW 0DQWUD KDG DOO WKH RGGV VWDFNHG DJDLQVW KLP Â± DQG JLYH WKH DXGLHQFH WKDW GLG VKRZ XS D VXE SDU SHUIRUPDQFH GXH WR D ODFN RI HQWKXVLDVP WRZDUG WKH OLJKW QXPEHUV %XW QRW 0DQWUD +H SOD\HG WR WKDW FURZG ZLWK DV PXFK SDVVLRQ DQG HQWKXVLDVP DV \RXÂ¶G LPDJLQH KHÂ¶G JLYH DW D VROG RXW VWDGLXP VKRZ :LWK DQ H[SHFWHG OHDQ WRZDUG SHUIRUPLQJ QHZ PDWHULDO 0DQWUD DOVR GLG QRW IDLO WR LPSUHVV KLV ORQJ WLPH IDQV E\ IUHTXHQWO\ YLVLWLQJ EDFN WR SDVW DOEXPV 7KH FURZG UHVSRQGHG ZHOO WR HYHU\ VLQJOH WUDFN Â± DEVRUELQJ DQG PLUURULQJ 0DQWUDÂ¶V HQHUJ\ WKDW KH ZDV SUHVHQWLQJ Âµ/RXGPRXWKÂ¶ ZDV DQ LQVWDQW FURZG IDYRXULWH DV H[SHFWHG DOWKRXJK KLV OLYH SHUIRUPDQFH RI Âµ%DE\ *LUOÂ¶ UHDOO\ LPSUHVVHG PH DV LW GHOLYHUHG DQ HQHUJ\ , KDGQÂ¶W KHDUG IURP WKH &' UHFRUGLQJ 0DQWUDÂ¶V LQWHUDFWLRQ ZLWK WKH FURZG ZDV QRWKLQJ VKRUW RI KLODULRXV Â± WHOOLQJ VWRULHV DERXW WKH ODVW WLPH KH KDG EHHQ LQ 1HZFDVWOH DQG VDLG ZH DUH D WRZQ IXOO RI ÂµPDG F QWVÂ¶ ZKLFK VSLNHG D SURXG 1RYDFDVWULDQ XQLW\ RI WKH FURZG FKDQWLQJ Âµ1HZFDVWOHÂ¶ IRU RYHU ILYH PLQXWHV ZKLOH KH ZDV VWXFN DZNZDUGO\ RQ VWDJH OLVWHQLQJ WR D FURZG FKDQW WKHLU WRZQ QDPH WR KLP +H WKHQ ZRXOG IUHTXHQWO\ FKDQW Âµ1HZFDVWOHÂ¶ WR KLPVHOI DIWHU ILQLVKLQJ D VRQJ WR UHIHUHQFH EDFN WR WKLV IXQQ\ DQHFGRWH 0DQWUD ZHQW RQ WR SHUIRUP D IXQ IUHHVW\OH WR WKH FURZG ZKLFK ZDV D KLJKOLJKW RI WKH QLJKW DV WKH '- DFFLGHQWDOO\ VSHG XS WKH EDFNLQJ WUDFN ZKLFK FDXVHG 0DQWUD WR IUHHVW\OH DW D OLJKWQLQJ IDVW UDWH $OWKRXJK , KDYH WR VD\ DOO RI P\ UHVSHFW JRHV WR 0DQWUD IRU SHUIRUPLQJ Âµ4XLFNVLOYHUÂ¶ OLYH ,WÂ¶V KDUG LQ D OLYH HQYLURQPHQW WR NHHS D KDOI LQWR[LFDWHG FURZGV DWWHQWLRQ GXULQJ D VORZHU QXPEHU EXW QRW RQH SHUVRQ KDG WKHLU H\HV DQG HDUV DQ\ZKHUH HOVH EXW RQ 0DQWUD +LV FRPPDQG RYHU WKH FURZG ZDV QRWKLQJ VKRUW RI LPSUHVVLYH DQG ZLWK D OLYH DFW WKLV WLJKW DQG SURIHVVLRQDO LWÂ¶V QR VHFUHW WKDW 0DQWUD LV UHDG\ WR GRPLQDWH DQ\ VWDJH QR PDWWHU ZKDW WKH VL]H

1(: 6281'6 MHQQ\EURNHWKHZLQGRZ

JYn]d

7DJV PDQWUD 3RVWHG LQ /LYH 5HYLHZ

'RZQORDG

1(: 6,*+76 /($9( $ &200(17 1$0( 5(48,5('

0$,/ :,// 127 %( 38%/,6+(' 5(48,5('

:(%6,7(

HHOO 9HKPV Â¶ ,WPZVKL ! 4HU[YH 3RVWHG E\ -LP 6WHSV6HSWHPEHU :HOFRPH WR WKH ILUVW HYHU LQVWDOPHQW RI DDKK 5DGLR (SLVRGH IHDWXUHV 0HOERXUQH (PFHH 0DQWUD ZKR KDV MXVW UHOHDVHG KLV WKLUG FUDFNLQJ VWXGLR /3 LQ 7HOOLQJ 6FHQHV ,Q (SLVRGH RI DDKK 5DGLR ZH GLVFXVV ZLWK 0DQWUD KLV EUDQG QHZ DOEXP XSFRPLQJ WRXU DQG D ZKROH ORW PRUH

KWWS DOODXVVLHKLSKRS ILOHV ZRUGSUHVV FRP PDQWUDBSVB FRS\ MSJ

([SHFW D ZKROH KHDS RI GRSH JXHVWV DQG IHDWXUHV LQ WKH XSFRPLQJ HSLVRGHV RI DDKK 5DGLR DV ZHOO DV DOO \RXU ODWHVW QHZV UHYLHZV DQG KDSSHQLQJV IURP WKH ZRUOG RI +LS +RS ,I \RX ZRXOG OLNH WR IHDWXUH LQ DQ XSFRPLQJ HSLVRGH RI DDKK UDGLR VXEPLW D WUDFN IRU SOD\ KDYH DQ XSFRPLQJ HYHQW RU DQ\WKLQJ HOVH \RX WKLQN ZH PD\ ILQG LQWHUHVWLQJ IHHO IUHH WR JHW LQ FRQWDFW YLD WKH GHWDLOV IRXQG RQ RXU FRQWDFW SDJH DOODXVVLH KLS KRS

YY`` JY\ag % =hakg\] )2 EYfljY

6KDUH

)DFHERRN KWWSV ZZZ IDFHERRN FRP DOODXVVLHKLSKRS __ KWWSV WZLWWHU FRP DOODXVVLHKLSKRS __ KWWSV VRXQGFORXG FRP DOODXVVLHKLSKRS DDKK UDGLR HSLVRGH PDQWUD

7ZLWWHU 6RXQGFORXG

3RVWHG LQ DOODXVVLH KLS KRS HQWHUWDLQPHQW DOODXVVLH KLS KRS LQWHUYLHZV7DJJHG DDKK 5DGLR DDKK 5DGLR (SLVRGH 0DQWUD 7HOOLQJ 6FHQHV3HUPDOLQN/HDYH D FRPPHQW %ORJ DW :RUG3UHVV FRP 7KH &ROXPQLVW 7KHPH

+RPH

9L]PL^! 4HU[YH Â¶ ;LSSPUN :JLULZ 3RVWHG E\ -LP 6WHSV6HSWHPEHU

0HOERXUQH HPFHH DQG O\ULFDO PDJLFLDQ 0DQWUD KDV MXVW UHOHDVHG KLV WKLUG VWXGLR /3 7HOOLQJ 6FHQHV )ROORZLQJ RQ IURP KLV GHEXW 3RZHU 2I 7KH 6SRNHQ LQ DQG 6SHDNLQJ 9ROXPHV LQ 7HOOLQJ 6FHQHV LV D VWXQQLQJ DQG H[SHUWO\ FUDIWHG FRQFOXVLRQ IRU WKH 3RZHU 2I 7KH 6SRNHQ 7ULORJ\ 0DQWUD KDV WHDPHG XS ZLWK VRPH RI $XVWUDOLDÂ·V PRVW SURPLQHQW SURGXFHUV ODFLQJ KLV O\ULFDO JHQLXV RQ D SDOOHW RI GLYHUVH DQG DGYHQWXURXV EHDWV 7HOOLQJ 6FHQHV LV DQ DOEXP SDFNHG ZLWK GHSWK RULJLQDOLW\ HPRWLRQ DQG TXDOLW\ KLS KRS

KWWS DOODXVVLHKLSKRS ILOHV ZRUGSUHVV FRP PDQWUDBWVBFRYHU MSJ

7HOOLQJ 6FHQHV RSHQV ZLWK WKH IDPLOLDU IOLFNHULQJ RI D ILOP SURMHFWRU ZH DUH WUDQVSRUWHG VHDPOHVVO\ LQWR WKH RSHQLQJ WUDFN /HDUQ <RXU /DQJXDJH $Q HPRWLYH WUDFN SURGXFHG E\ 6RXWK $XVWUDOLDQ EHDWVPLWK 2QH $ERYH /HDUQ <RXU /DQJXDJH GHDOV ZLWK WKH LPSRUWDQFH RI H[SHULHQFLQJ WKH ZRUOG FRPLQJ WR WHUPV ZLWK ZKR \RX DUH ZKDW \RXU VRXO QHHGV DQG ILJXULQJ RXW KRZ \RX ZLOO WUDQVODWH WKDW LQWR WKH ZD\ \RX Â¶VSHDNÂ· ZLWK WKH ZRUOG $ WUDFN WKDW LV D WUXH UHIOHFWLRQ RI 0DQWUDÂ·V RZQ LQQHU ODQJXDJH 7KH )HDU D 3WHUR 6W\OXV SURGXFHG WUDFN LV DQ RPLQRXV HOHFWULF ERRP EDS SV\FKHGHOLF URFN LQVSLUHG PRQVWHU 3WHUR 6W\OXV KDV ZRUNHG ZLWK 0DQWUD IRU D QXPEHU RI \HDUV QRZ PL[LQJ KLV GHEXW DOEXP DQG DJDLQ RQ WKH 7HOOLQJ 6FHQHV /3 )RU 0DQWUDÂ·V SDUW 7KH )HDU LV DQ LQWURVSHFWLYH WUDFN WKDW FDSWXUHV IHHOLQJV RI DQ[L HW\ DQ XUJHQW VHQVH RI SDQLF DQG WKH HQHUJ\ DVVRFLDWHG ZLWK EHLQJ DIUDLG

$ FOHDU VWDQGRXW RQ WKH DOEXP LV WKH WUDFN 4XLFNVLOYHU ZKLFK IHDWXUHV WKH KDXQWLQJ YRFDOV RI 6LPRQH 3DJH -RQHV 7KH WUDFN LV EXLOW DURXQG D Q\ORQ VWULQJ JXLWDU DQG IHDWXUHV QR GUXPV 4XLFNVLOYHU LV D FOHDU LQGLFDWLRQ WKDW 0DQWUD ZDVQÂ·W JRLQJ WR SOD\ LW VDIH RQ 7HOOLQJ 6FHQHV 7KH GHFLVLRQ SD\LQJ RII QXPHURXV RFFDVLRQV WKURXJKRXW WKH DOEXP )RUWXQH IDYRXUV WKH EUDYH DV WKH\ VD\ :H DOVR VHH 0DQWUD WKURZV KLV KDW LQ WKH ULQJ FRQWULEXWLQJ YRFDOV WR WKH KRRN VRPHWKLQJ ZH KDYHQÂ·W VHHQ IURP 0DQWUD LQ WKH SDVW 7HOOLQJ 6FHQHV WKH WLWOH WUDFN WR WKH DOEXP GHDOV ZLWK WZR VWRULHV 2QH EHLQJ WKDW RI WKH HYHQWV WKDW OHG WR D SROLWLFDO UHYROXWLRQ LQ 8NUDLQH 1RYHPEHU GXEEHG WKH Â´2UDQJH 5HYROXWLRQÂ´ 7KLV WUDFN UHLQIRUFHV WKH SRZHU RI WKH VSRNHQ FRQFHSW DQG KLJKOLJKWV WKH SDUDOOHOV WKURXJKRXW 0DQWUDÂ·V SUHYLRXV WZR DOEXPV $OLD *DEUHV SURYLGHV D EULOOLDQW VSRNHQ ZRUG SLHFH WLWOHG %DED DV DQ LQWHUOXGH IRU WKH DOEXP $Q HQJDJLQJ SLHFH WKDW DOVR SOD\V SUHOXGH WR WKH WUDFN %DE\ *LUO IHDWXULQJ .\OLH $XOGLVW %DE\ *LUO LV D IDVW SDFHG VZLQJ LQVSLUHG WUDFN .\OLH $XOGLVW SURYLGHV DQ DPD]LQJO\ VRXOIXO KRRN HFKRLQJ VLPLODULWLHV WR WKH ZRUOG UHQRZQHG $P\ :LQHKRXVH

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Â·V 7HOOLQJV 6FHQHV UDWHV D PHJD RXW RI

KWWS DOODXVVLHKLSKRS ILOHV ZRUGSUHVV FRP UHYLHZ JUDSKLFBPDQWUD MSJ

2IILFLDO KWWS PDQWUDHPFHH FRP __ 3XUFKDVH KWWSV LWXQHV DSSOH FRP DX DOEXP WHOOLQJ VFHQHV LG __ 7HQ 7R 7ZR 5HFRUGV KWWS WHQWRWZRUHFRUGV FRP

3RVWHG LQ DOODXVVLH KLS KRS QHZV DOODXVVLH KLS KRS UHYLHZV 7HQ 7R 7ZR 5HFRUGV7DJJHG DOODXVVLH KLS KRS +LS +RS .\OLH $XOGLVW /HDUQ <RXU /DQJXDJH /RXLV /RJLF 0QDWUD 0XVW 9RONRII 2QH $ERYH 3(UIHFW &ULPH 7HOOLQJ 6FHQHV 7RP 7KXP3HUPDOLQN/HDYH D FRPPHQW %ORJ DW :RUG3UHVV FRP 7KH &ROXPQLVW 7KHPH

+RPH

1HZV )HDWXUHV 5HYLHZV 3KRWRV 6OLGHVKRZV 0L[WDSH 9LGHR )UHH 6KLW

(YHQWV

5HFRPPHQGV

:DUSHG 7RXU 6LGHVKRZV Â³*RQH 7R 6KLWÂ´ )RU 3HUWK

&RQWULEXWH

$GYHUWLVH :LWK 8V

)LUVW (YHU &RQFHUW ,Q 6SDFH 6HW )RU /LIW 2II ,Q

0DQWUD $QQRXQFHV 1HZ $OEXP $KHDG 2I $XVWUDOLDQ 7RXU :ULWWHQ E\ $O 1HZVWHDG RQ -XO\ $XVVLH KLS KRS OXPLQDU\ 0DQWUD KDV DQQRXQFHG D QHZ VLQJOH WKH VHFRQG OLIWHG IURP KLV IRUWKFRPLQJ 7HOOLQJ 6FHQHV DOEXP IROORZLQJ RQ IURP UDGLR DQWKHP Âµ/RXGPRXWKÂ¶ WKH 0HOERXUQH UDSSHU KDV GURSSHG WKH HPRWLRQDOO\ KHDY\ Âµ%UHDN 7UDGLWLRQÂ¶ 'XH IRU UHOHDVH RQ WK 6HSWHPEHU 7HOOLQJ 6FHQHV LV DQ DOEXP LQ WKH PRVW FUHDWLYH VHQVH QRW MXVW D FROOHFWLRQ RI VRQJV EXW DQ H[SHULHQFH WKDW WDNHV LWV OLVWHQHU RQ D MRXUQH\ $V RQH SDUW RI WKLV MRXUQH\ Âµ%UHDN 7UDGLWLRQÂ¶ UHSUHVHQWV D VLGH RI 0DQWUD YHU\ FORVH WR KLV KHDUW 8VLQJ GH[WHURXV UK\PHV WR XQIROG VWDUN DQG OLWHUDO QDUUDWLYHV 0DQWUD GHOYHV LQWR WKH F\FOH RI YLROHQFH WKDW VHHV WKH HQGOHVV FKDLQ RI RQH SHUVRQ SDVVLQJ WKHLU DEXVH RQ WR WKH QH[W XQWLO VRPHRQH PDNHV WKH FRQVFLRXV GHFLVLRQ WR GLVLQKHULW LW 7R EUHDN WKH WUDGLWLRQ

3PRL

5HODWHG WR 0DQWUD 6HWK 6HQWU\ )OXPH .LQJ *L]]DUG :LQ %LJ $W ,QGHSHQGHQW 0XVLF $ZDUGV -DJZDU 0D )OXPH /HDG $,5 $ZDUGV 1RPLQDWLRQV $,5 $ZDUGV 3HUIRUPHUV $QQRXQFHG :LWK 9LROHQW 6RKR %LJ 6FDU\ 0RUH 1HZ 7RXUV 0DQWUD 7KH 'HOWD 5LJJV .DWFKDILUH +HOOLRQV 071V 0RUH

:KHWKHU IDWH RU D VHOI IXOILOOLQJ SURSKHF\ 0DQWUD NQHZ Âµ%UHDN 7UDGLWLRQÂ¶ ZDV JRLQJ WR EH VRPHWKLQJ VSHFLDO HYHQ EHIRUH KH ZURWH LW /LVWHQLQJ WKURXJK D FDWDORJXH RI EHDWV E\ ULVLQJ SURGXFHU &DP %OXII RQH LQ SDUWLFXODU MXPSHG RXW DW WKH 0HOERXUQH UDSSHU LQVWDQWO\ UHVRQDWLQJ ZLWK KLP RQ D GHHS OHYHO OHDGLQJ KLP WR VSLW VRPH KHDUWIHOW UK\PHV RYHU WKH WRS %\ WKH WLPH WKH VRQJ ZDV FRPSOHWH Âµ0DQWUDÂ¶ KDG XQIROGHG VRPH RI WKH EHVW UK\PHV RI KLV FDUHHU DGGHG WKH PXOWL OD\HUHG YRFDOV RI 0HOERXUQHÂ¶V 0DVVLYH KLS KRS FKRLU DQG FDSSHG HYHU\WKLQJ RII ZLWK D VXLWDEO\ JUDQG FKRUXV FRXUWHV\ RI &LVFR 7DYDUHV 0DQWUD KHDGV RXW RQ WRXU ZLWK 6HWK 6HQWU\ DV RSHQLQJ VXSSRUW DORQJ ZLWK *UH\ *KRVW RQ WKH QDWLRQDO 9DFDWLRQ 7RXU ZKLOH 0DQWUDÂ¶V RZQ 7HOOLQJ 6FHQHV 1DWLRQDO 7RXU ZLOO EH DQQRXQFHG RQ WK $XJXVW ZLWK Âµ%UHDN 7UDGLWLRQÂ¶ DYDLODEOH GLJLWDOO\ IURP $XJXVW QG

&RQWDFW

.LQJV 2I /HRQ 6XUSULVH $XVVLH 6KRZ $QQRXQFHG

6HWK 6HQWU\ 7KH Âµ9DFDWLRQÂ¶ 7RXU :,7+ 63(&,$/ *8(676 *5(< *+267 $1' 0$175$ 7,&.(76 21 6$/( 12: )520 ::: 6(7+6(175< &20 7+856'$< $8*867 Â± 81,21 -$&. &$,516 4/'

)5,'$< $8*867 Â± 7+( 9(18( 72:169,//( 4/'

6$785'$< $8*867 Â± 029,'$6 0$&.$< 4/'

)5,'$< $8*867 Â± 68*$5/$1' 7$9(51 %81'$%(5* 4/'

6$785'$< $8*867 Â± .,1*6 %($&+ 7$9(51 6816+,1( &2$67 4/'

681'$< $8*867 Â± 63277(' &2: 722:220%$ 4/'

7+856'$< $8*867 Â± 7+( 1257+(51 %<521 %$< 16:

)5,'$< $8*867 Â± &22/$1*$77$ +27(/ *2/' &2$67 4/'

6$785'$< $8*867 Â± +2(< 02(< &2))6 +$5%285 16:

7+856'$< $8*867 Â± &$0%5,'*( 1(:&$67/( 16:

)5,'$< $8*867 Â± (175$1&( /($*8(6 &/8% &(175$/ &2$67 16:

6$785'$< $8*867 Â± :$9(6 :2//21*21* 16:

:('1(6'$< $8*867 Â± 7+( 67$7,21 -,1'$%<1( 16:

7+856'$< $8*867 Â± =,(5+2/= &$1%(55$ $&7

)5,'$< $8*867 Â± %/$&. 6:$1 +27(/ %(1',*2 9,&

6$785'$< $8*867 Â± .$529$ /281*( %$//$5$7 9,&

)5,'$< 6(37(0%(5 Â± :(67(51 3257 6$1 5(02 9,&

6$785'$< 6(37(0%(5 Â± :22/ (;&+$1*( *((/21* 9,&

7+856'$< 6(37(0%(5 Â± 63856 '(9213257 7$6

)5,'$< 6(37(0%(5 Â± $/&+(0< /$81&(6721 7$6

6$785'$< 6(37(0%(5 Â± +27(/ 62+2 +2%$57 7$6

6$785'$< 6(37(0%(5 Â± 63581* )(67,9$/ %5,6%$1( 4/' /,& $$

:('1(6'$< 6(37(0%(5 Â± -8''Â¶6 +27(/ .$/*225/,( :$

7+856'$< 6(37(0%(5 Â± 3,(5 +27(/ (63(5$1&( :$

)5,'$< 6(37(0%(5 Â± 678',2 $/%$1< :$

6$785'$< 6(37(0%(5 Â± 35,1&( 2) :$/(6 %81%85< :$

6$785'$< 2&72%(5 Â± 63581* )(67,9$/ 0(/%2851( 9,& /,& $$

+20( $57,&/(6 79 /,9( 086,& $%287

4HU[YH WSH`LK 4LSIV\YUL HUK ^L [VVR WOV[VZ E\ 0LFKHOOH *UDFH +XQGHU #PLFKHOOHJKXQGHU

2FWREHU WK

6XSSRUWV ZHUH '\ODQ -RHO DQG / )UHVK 7KH /LRQ 7KLV JDOOHU\ PLJKW WDNH D VHFRQG RU WZR WR ORDG VR]

&RS\ULJKW Â&#x2039; 3URMHFW 8 6LWH GHVLJQHG DQG KRVWHG E\ .LRUD 2QOLQH

+RPH j :KDW )HDWXUHV j ,QWHUYLHZ $ )HZ 0LQXWHV ZLWK 0DQWUD

-RXIVZMI[ % *I[ 1MRYXIW [MXL 1ERXVE 1 )ULGD\ 2FWREHU

0EXIWX 7LSXW 6KRWV 7KH 6WLOOVRQV DW 1RUWKFRWH 6RFLDO &OXE 1RYHPEHU WK

6KRWV -RKQ 6WHHO 6LQJHUV 'LQJ 'RQJ /RXQJH 1RYHPEHU WK

6KRWV 'UHDP 2Q 'UHDPH DW 7KH +L )L 1RYHPEHU W

0HOERXUQHҋV IDYRXULWH KLS KRS DUWLVW 0DQWUD KDV MXVW UHOHDVHG KLV H[FHSWLRQDO WKLUG DOEXP 7HOOLQJ 6FHQHV WR UDYH UHYLHZV $V KH VDLG WR RXU UHVLGHQW KLS KRS IDQ -RUGRQ %XFNHQV ҊHYHU\WKLQJ KDV EHHQ JR JR JR ҋ VR ZH ZHUH DPD]HG DQG KXPEOHG WKDW KH WRRN WKH WLPH WR DQVZHU RXU TXHVWLRQV DERXW HYHU\WKLQJ IURP WKH ODWHVW UHFRUG WR WKH ]RPELH DSRFDO\SVH WR WKH SRVVLELOLW\ RI DQ ,OO]LOOD UHXQLRQ 6R GHVFULEH WKH ODVW IHZ ZHHNV IRU XV +DV LW EHHQ FUD]\ RU ZKDW" 7KH UHDFWLRQ WR \RXU DOEXP LV JUHDW (YHQ 5ROOLQJ 6WRQH JDYH \RX D MXLF\ VWDUV <HDK LWҋV EHHQ SUHWW\ FUD]\ ,ҋYH EHHQ TXLWH RYHUZKHOPHG E\ WKH UHVSRQVH WR WKH DOEXP 3HRSOH UHDOO\ VHHP WR EH FRQQHFWLQJ ZLWK LW ZKLFK LV JUHDW ,ҋYH EHHQ RQ WRXU PRVW RI WKH ZHHN GRLQJ D EXQFK RI VKRZV LQ 7DVVLH DQG :$ VR HYHU\WKLQJ KDV EHHQ JR JR JR +RZ GLG \RX ILQG LW WKH WKLUG WLPH DURXQG GRHV LW JHW HDVLHU ZLWK H[SHULHQFH"

6IGIRX 2I[W 7LQFWXUH 5HOHDVHV 6LQJOH Ҋ7U\VWҋ

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

7LQFWXUH LV \HDU ROG %ULVEDQH

WLPHOLQH , ZDV ORRNLQJ DW VR VLJQLQJ ZLWK WKHP IHOW OLNH WKH SHUIHFW RSWLRQ

PXVLFLDQ DQG SURGXFHU /XNH 'DOWRQ ZKR EHJDQ KLV DGYHQWXUH

6HWK 6HQWU\ *UH\ *KRVW DQG \RXUVHOI KDYH MXVW ZUDSSHG XS D SUHWW\ ELJ UHJLRQDO WRXU ZKDW ZHUH WKH KLJKOLJKWV"

ZLWK HOHFWURQLF SURGXFWLRQ HDUO\

:HҋYH VWLOO JRW WKH :$ OHJ WR JR VR , FDQҋW VSHDN WRR VRRQ %XW WKHUH KDYH EHHQ KHDSV RI KLJK SRLQWV $ SHUVRQDO KLJKOLJKW IRU PH ZDV

:KDW FDPH IURP WKDW ZDV D

WKH %DOODUDW VKRZ ,W ZDV P\ ELUWKGD\ DV RI PLGQLJKW WKDW QLJKW VR VRPH IULHQGV FDPH WR WKH VKRZ WR FHOHEUDWH 0H DQG WKH ER\V GLG D

VHULHV RI VPRRWK JDUDJH WRQHG

IUHHVW\OH GXULQJ 6HWKҋV VHW DQG DIWHUZDUGV 6HWK EURXJKW RXW D ELUWKGD\ FDNH ZLWK ´0DQWUDµ ZULWWHQ RQ LW LQ LFLQJ DQG KDG WKH ZKROH FURZG

UHPL[HV DQG ERRWOHJV WKDW KDYH

VLQJ PH KDSS\ ELUWKGD\ 7KDW ZDV D ORYHO\ PRPHQW

VHHQ KLP QDE VXSSRUW VORWV ZLWK DFWV VXFK DV 3XULW\ 5LQJ 'DHGHOXV DQG 6SDFH 'LPHQVLRQ

&RQWUROOHU 1RZ 7LQFWXUH LV JHWWLQJ

+RPH j *LJ 5HYLHZV j *LJ 5HYLHZ 0DQWUD DW 7KH (YHO\Q 2FWREHU WK

+MK 6IZMI[ 1ERXVE EX 8LI )ZIP]R 3GXSFIV XL 1 :HGQHVGD\ 2FWREHU

0EXIWX 7LSXW 6KRWV 2ZO (\HV DW 1RUWKFRWH 6RFLDO &OXE 2FWREHU WK

6IGIRX 2I[W

Ҋ7KH 6WRU\ 6R )DUҋ $OO 6WDU /LQH XS )RU 1RYHPEHU 6KRZ

6KRWV $ 'D\ %\ 7KH *UHHQ DW 6W .LOGD %RZOLQJ &OXE 2FWREHU WK $IWHU WZR VXFFHVVIXO VHDVRQV 6WRU\ 6R )DU« ZLOO WDNH SODFH DJDLQ DW 7KH 7RII LQ 7RZQ WKURXJKRXW 1RYHPEHU ZLWK SHUIRUPDQFHV IURP VRPH RI $XVWUDOLDҋV JUHDW PXVLFLDQV 7KURXJK D VHULHV RI HQJDJLQJ

)ULGD\ QLJKW VDZ 0DQWUD KLW XS WKH (YHO\Q +RWHO DV SDUW RI KLV 7HOOLQJ 6FHQHV 7RXU VXSSRUWHG E\ D SXUHO\ 0HOERXUQH OLQHXS RI / )5(6+ 7KH /LRQ DQG '\ODQ -RHO ,W ZDV D QLJKW IXOO RI JRRG WLPHV EHHU DQG D VKLW ORDG RI SDSHU SODQHV

6KRWV 6DYH 7KH 3DODFH 5DOO\ DW *RYHUQPHQW +RXVH 2FWREHU WK

8S ILUVW ZDV WKH IUHVK IDFHG (DVW 0HOO\ VNDWHU '\ODQ -RHO , ZDV TXLWH WDNHQ DEDFN E\

FKDWV DQG OLYH SHUIRUPDQFHV

KRVWV 6XQQ\ /HXQLJ DQG 7ULSOH -DFLQWD 3DUVRQV ZLOO VHHN WR

H[SORUH ZKDW LQVSLUHV SHUIRUPH

KRZ FOHDU DQG GLUHFW KH ZDV WKH O\ULFV ZHUH D EULOOLDQW EOHQG RI LQWHOOHFW WUXWK DQG

6WHYH .LOEH\ 7KH &KXUFK >«

H[FLWHPHQW '\ODQ EURXJKW D WLJKW VHW IHDWXULQJ VRPH HYHQ WLJKWHU EDQJHUV LQFOXGLQJ Ҋ/HYHOHGҋ Ҋ7KH &RRO .LGVҋ DQG D VWURQJO\ VSRNHQ DFDSHOOD YHUVLRQ RI KLV KLW VRQJ Ҋ<HSҋ

&RVPLF 3V\FKRV $QQRXQFH )LQDO 0HOERXUQH 6KRZ IRU

+H LV D FRQVFLRXV DQG HQWKXVLDVWLF UDSSHU ZLWK D FODVVLF \HW QRW FOLFKpG $XVVLH VRXQG EDFNHG E\ VRPH VROLG EHDWV IXOO RI WUXPSHWV DQG SLDQRV ZLWK VRPH KHDY\ EDVV DQG HOHFWURQLF WZLVWV 7KH QHZ IDFH RI $XVWUDOLDQ KLS KRS / )5(6+ 7KH /,21 ZDV XS QH[W 7KLV 6LNK UDSSHU QR SXQ LQWHQGHG EURXJKW HQRXJK VRXO IRU WKH ZKROH URRP WR IHHG RQ SURYLGLQJ SHRSOH ZLWK DQ HQJDJLQJ DQG HPSRZHULQJ PXVLF H[SHULHQFH &RPPLWWHG WR VSUHDGLQJ ORYH DQG SHDFH ZLWK VRQJV OLNH Ҋ7UXWKҋ / )5(6+ WHDFKHV OLVWHQHUV QRW WR EHOLHYH DOO

;LEX 1M\XETI

WKH\ KHDU DQG VHH HQFRXUDJLQJ IUHHWKLQNLQJ DQG PLQGIXOQHVV +H DOVR IOH[HG KLV VNLOO DV D ZRUGVPLWK ZLWK D ZHOO SODFHG IUHHVW\OH VWUDLJKW RII WKH WRS RI WKH GRPH / )5(6+

&RVPLF 3V\FKRV 0HOERXUQHҋV

EURXJKW LW VWUDLJKW EDFN WR WKH VW\OH KH NQRZV DQG ORYHV ZLWK D VWDQGRXW WUDFN Ҋ:DLWLQJҋ

´UHOXFWDQW ORFDO SXQN OHJHQGVµ

ZKLFK JRW WKH FURZG DQG KLPVHOI GDQFLQJ DURXQG DQG E\ FKDQJLQJ XS WKH EHDW DQG

KDYH DQQRXQFHG D ILQDO

VORZLQJ GRZQ WKH WHPSR WRZDUGV WKH HQG RI WKH WUDFN KH UHDOO\ PDGH KLV ZRUGV

0HOERXUQH VKRZ IRU WR

UHVRQDWH DQG VWLFN LQ \RXU KHDG :LWK WKH PXVLF DOUHDG\ EODULQJ 0DQWUD UDQ RQ VWDJH DQG VWUDLJKW LQWR KLV VRQJ Ҋ/HDUQ <RXU /DQJXDJHҋ +H GLGQҋW VHHP WR EH DEOH WR VWDQG VWLOO UXQQLQJ EDFN DQG IRUWK MXPSLQJ RQ VSHDNHUV KDQJLQJ RII WKH URRI DQG UDSSLQJ GLUHFWO\ WR WKH FURZG 'XULQJ KLV VRQJ Ҋ)OLJKWSDWKҋ 0DQWUD XUJHG KLV IDQV WR FKXFN DV PDQ\ SDSHU SODQHV DW '- )ODJUDQW DV SRVVLEOH DQG IRU WKH RQHV ZLWK ZULWLQJ RQ WKHP ZKLFK ZDV D ODUJH PDMRULW\ KH ZRXOG WXUQ LQWR D IUHHVW\OH +H HQGHG XS ZLWK DOO VRUWV RI ZRUGV DQG SKUDVHV XVLQJ WKHP LQ D

FHOHEUDWH WKH UHOHDVH RI WKHLU '

%ORNHV <RX &DQ 7UXVW LQ VWRUHV

'HFHPEHU WK $IWHU UHWXUQLQJ

IURP WKHLU WKUHH ZHHN WRXU DURX

86$ WKHLU ILQDO VKRZ IRU WKH \H ZLOO JR GRZQ DW 7KH (VS\

*HUVKZLQ URRP RQ 1RYHPEHU >

ULGLFXORXVO\ ORQJ IUHHVW\OH +H HQGHG LW ZLWK D PDVVLYH VPLOH VWDWLQJ WKDW WKH FURZG ZDV D ´FUHDWLYH EXQFK RI PRҋ IXFNHUVµ

'\VRQ 6WULQJHU &ORKHU 8QYHLO 7RXU (3

6HDUFK

$ DG IUHH QRQ SURILW $XVWUDOLDQ PXVLF ZHEVLWH

+RPH

$ERXW 8V

,QWHUYLHZV

*LJ 5HYLHZV

0XVLF 5HYLHZV

$UWLVW 2I 7KH :HHN

3KRWRV

&RQWDFW

1HZV

0DQWUD

:LWK D QHZ DOEXP UHOHDVHG DQG D PDVVLYH UXQ RI $XVWUDOLDQ WRXU GDWHV 0HOERXUQH UDSSHU 0DQWUD VSRNH WR 7KH WK 6RXQG +RZ DUH \RX JRLQJ PDWH" <HDK ,Â¶P JRLQJ JRRG %XV\ EXV\ EXV\ DW WKH PRPHQW EXW WKLQJV DUH H[FLWLQJ :KDWÂ¶V QHZV LQ WKH ZRUOG RI 0DQWUD" :KHUH GR , VWDUW EURWKHU" :HÂ¶YH JRW WKH UHFRUG FRPLQJ RXW WKLV ZHHN VR JHWWLQJ UHDG\ IRU WKDW KDV EHHQ SUHWW\ FUD]\ 2WKHU WKDQ WKDW ,Â¶YH EHHQ RQ D ELJ UHJLRQDO WRXU ZLWK 6HWK 6HQWU\ DQG *UH\ *KRVW VR WKDWÂ¶V EHHQ NHHSLQJ PH EXV\ ,Â¶YH EHHQ FRPLQJ EDFN WR 0HOERXUQH DQG GRLQJ D FRXSOH RI HGXFDWLRQ SURMHFWV WKDW , GR HYHU\ ZHHN ,WÂ¶V EHHQ SUHWW\ IODW RXW DQG ,Â¶YH DOVR RUJDQLVHG P\ DOEXP WRXU ZKLFK VWDUWV LPPHGLDWHO\ DIWHU WKH WRXU ZLWK 6HWK VR ZHÂ¶UH EDOOV WR WKH ZDOO DW WKH PRPHQW <RXÂ¶YH KDG VXFFHVV ZLWK \RXU VLQJOH /RXGPRXWK DQG QRZ \RXÂ¶YH UHOHDVHG WKH IROORZ XS %UHDN 7UDGLWLRQ 'R \RX H[SHFW %UHDN 7UDGLWLRQ WR EH MXVW DV VXFFHVVIXO" ,WÂ¶V D YHU\ GLIIHUHQW VRQJ VR WKH UHVSRQVH KDV EHHQ GLIIHUHQW :KHQ /RXGPRXWK GURSSHG , WKLQN SHRSOH ZHUH SOHDVDQWO\ VXUSULVHG EHFDXVH LW LV ZD\ PRUH D OLJKW KHDUWHG WRQJXH LQ FKHHN VRUWD VRQJ 6R , WKLQN SHRSOH ZHUH IHHOLQJ WKDW :LWK %UHDN 7UDGLWLRQ , WKLQN LW KDV UHODWHG ZLWK SHRSOH GLIIHUHQWO\ PDQ\ SHRSOH KDYH VDLG WKH\ FDQ UHODWH WR WKH SRVLWLYH PHVVDJH LW KDV ZKLFK LV DZHVRPH :KHQ \RX ZULWH D VRQJ OLNH WKDW \RX GRQÂ¶W QHFHVVDULO\ KRSH WKDW LW KDV DQ LPSDFW RU WKDW LW PDNHV SHRSOH IHHO VRPHWKLQJ :KHQ SHRSOH VD\ WKH\ IHHO LW DQG LWÂ¶V D UHDOO\ JUHDW VRQJ WKDWÂ¶V D JUHDW IHHOLQJ IRU PH :KHWKHU WKDW PHDQV LWÂ¶V D FRPPHUFLDO VXFFHVV RU QRW LW GRHVQÂ¶W PDWWHU LI SHRSOH DUH VD\LQJ WKH\ FULHG ZKHQ WKH\ OLVWHQHG WR LW WKDW PDNHV LW D VXFFHVV &DQ \RX WHOO PH ZKDW ZHQW LQWR SURGXFLQJ \RXU QHZ DOEXP 7HOOLQJ 6FHQHV DQG DUH \RX KDSS\ ZLWK KRZ LW WXUQHG RXW" , UHFNRQ ,Â¶P PRUH SURXG RI WKLV DOEXP WKDQ DQ\WKLQJ ,Â¶YH GRQH EHIRUH ,Â¶P DOZD\V SURXG RI PDNLQJ DQ DOEXP , GHILQLWHO\ ZRUNHG KDUGHU RQ WKLV RQH WKDQ , KDYH RQ DQ\WKLQJ HOVH LW ZDV RQH WKDW , SXW LQWR , WKLQN , GLG D JRRG MRE <RX KDYH D WRXU RI \RXU RZQ FRPLQJ XS ZKDW FDQ IDQV RI 0DQWUD H[SHFW IURP WKH VKRZV" 3OHQW\ RI QHZ VRQJV ZH KDYHQÂ¶W UHDOO\ KDG WKH FKDQFH WR SOD\ WKHP WKDW PXFK VR WKDW ZLOO EH JRRG *UH\ *KRVW LV VXSSRUWLQJ RQ WKH WRXU DV KH KDV KLV RZQ WRXU DQG ZHÂ¶YH PDQDJHG WR OLQN XS LQ D IHZ WRZQV ,WÂ¶V DZHVRPH WR FRPELQH IRUFHV ZKHQ SRVVLEOH 7KH $XVVLH +LS +RS VFHQH VHHPV WR EH RQH ELJ IDPLO\ DW WLPHV ZLWK DOO WKH FROODERUDWLRQV 'R \RX ORYH VKDULQJ WKH PLF ZLWK QDPHV OLNH 'UDSKW 6HWK 6HQWU\ (WF" ,WÂ¶V DQ DEVROXWH KRQRXU WR EH DEOH WR VKDUH WKH VWDJH DQG WKH PLF ZLWK GXGHV OLNH WKDW WKHVH DUH WKH GXGHV WKDW , FRQVLGHU WR EH WKH EHVW UDSSHUV LQ WKH FRXQWU\ , UHDOO\ HQMR\ FROODERUDWLQJ ZLWK WKHVH JX\V DQG LWÂ¶V D UHDOO\ JRRG SURFHVV %HLQJ RQ WRXU ZLWK 6HWK DQG *UH\ *KRVW LV UDG FDXVH LW PHDQV WKDW *UH\ *KRVW DQG , FDQ URFN P\ VRQJV LQ P\ VHW DQG WKHQ ZH FDQ JHW XS DQG IUHHVW\OH ZLWK 6HWK LQ KLV VHW ,WÂ¶V EHHQ D UHDOO\ IXQ WRXU &DQ ZH H[SHFW WR VHH \RX PDNLQJ D JXHVW DSSHDUDQFH DW 6SUXQJ +LS +RS )HVWLYDO" 2KKK WKDW ,Â¶P QRW VXUH DERXW ,Â¶P QRW VXUH LI ,Â¶OO HYHQ EH LQ WRZQ , WKLQN ,Â¶OO EH GRLQJ P\ RZQ VKRZ ,I , FDQ PDNH LW , ZLOO EXW LWÂ¶V ORRNLQJ XQOLNHO\ ,Â¶YH GRQH WKH ODVW WZR VR , FDQÂ¶W H[SHFW WRR PXFK , JXHVV 6SUXQJ LV UDG VR DQ\WLPH , FDQ EH DW WKDW IHVWLYDO , ZLOO EH 7KDQNV IRU WKH FKDW JRRG OXFN ZLWK WKH DOEXP DQG WKH WRXU 0LWFKHOO *X\ #0LWFKHOOB*X\

$ DG IUHH QRQ SURILW $XVWUDOLDQ PXVLF ZHEVLWH

+RPH

$ERXW 8V

,QWHUYLHZV

*LJ 5HYLHZV

0XVLF 5HYLHZV

$UWLVW 2I 7KH :HHN

6HDUFK

3KRWRV

&RQWDFW

1HZV

0DQWUD # 7KH (YHO\Q +RWHO 0HOERXUQH

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Â±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

+RPH $ERXW 8V 1HZV &RQWDFW

,QWHUYLHZV *LJ 5HYLHZV 0XVLF 5HYLHZV 3KRWRV

7KH WK 6RXQG _ FRQWDFW#WKH WKVRXQG FRP

$ DG IUHH QRQ SURILW $XVWUDOLDQ PXVLF ZHEVLWH

+RPH

$ERXW 8V

,QWHUYLHZV

*LJ 5HYLHZV

0XVLF 5HYLHZV

$UWLVW 2I 7KH :HHN

6HDUFK

3KRWRV

&RQWDFW

1HZV

0DQWUD # 7KH (YHO\Q +RWHO 0HOERXUQH

3KRWRV E\ 7RGG *LQJHOO #7RGG*LQJHOO

/LNH SHRSOH OLNH WKLV

+RPH $ERXW 8V 1HZV &RQWDFW

,QWHUYLHZV *LJ 5HYLHZV 0XVLF 5HYLHZV 3KRWRV

7KH WK 6RXQG _ FRQWDFW#WKH WKVRXQG FRP

WKH $8 LQWHUYLHZ 0DQWUD 0HOERXUQH _ WKH $8 UHYLHZ

7+( $8 ,17(59,(: 0$175$ 0(/%2851(

2FWREHU SP Â³ 6RVHILQD )XDPROL

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

ZZZ WKHDXUHYLHZ FRP LQWHUYLHZV WKH DX LQWHUYLHZ PDQWUD PHOERXUQH

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

ZZZ WKHDXUHYLHZ FRP LQWHUYLHZV WKH DX LQWHUYLHZ PDQWUD PHOERXUQH

3+272 *$//(5< 0$175$ *5(< *+267 35,0( (' &$67/( $'(/$,'(

2FWREHU SP Â³ $OH[ .ZRQJ

0DQWUD EURXJKW WKH QRLVH WKURXJK WR &XUULH 6W LQ $GHODLGH RQ DQ DZHVRPH 6DWXUGD\ QLJKW 6XSSRUWHG E\ *UH\ *KRVW DQG 3ULPH 0DQWUD KDG SHRSOH JHW DPRQJVW VRPH JUHDW $XVVLH KLS KRS $OH[ .ZRQJ ZDV WKHUH

From: "the AU newsletter" <newsletter@theaureview.com> Subject: Issue 101 // The Fratellis, Mantra, Melbourne Ska Orchestra, The Bamboos, win tickets to Future Music Festival plus much more! Date: 3 October 2013 11:15:53 PM AEST To: lam.seam@gmail.com Reply-To: "the AU newsletter" <newsletter@theaureview.com>

View Online Version | Unsubscribe |

State of Affairs: Music Industry News - HERE Album News: Releases and Updates - HERE News of the Arts: Theatre, Art and more - HERE Tour News: All the latest - HERE

YouTube announces its first music awards - HERE British India announce tour dates - HERE SXSW band submissions shutting October 11 - HERE

ARTS & LIVE MUSIC REVIEWS + GALLERIES Redfoo (of LMFAO) at Marquee Sydney (27.09.13) - REVIEW Rihanna - Rod Laver Arena, Melbourne (30.09.13) - REVIEW Foals + Alpine - Enmore Theatre, Sydney (29.09.13) - REVIEW Agatha Christie's A Murder is Announced - Sydney Theatre Company (28.09.13) - REVIEW Jinja Safari + Cub Sport - Karova Lounge, Ballarat (28.09.13) - REVIEW Deep Sea Arcade + Hey Geronimo + Morning Harvey - The Zoo, Brisbane (27.09.13) - REVIEW Papa Vs Pretty + Battleships + Valar - Oxford Art Factory (25.09.13) - REVIEW Eucalyptus Echoes Psych Fest BNE - Beetle Bar (21.09.13) - REVIEW Capital Cities - The Standard (25.09.13) - REVIEW William Shakespeare's Titus Andronicus - Cafe Church, Glebe (18.09.13) - REVIEW

The AU Sessions: The Bamboos 'Avenger' - HERE

Exclusive Album Stream: Loose Change - Listening Party - HERE

ALBUM REVIEWS FKA twigs - EP2 (EP) - REVIEW // The Strypes - Snapshot (LP) - REVIEW James Iha - Look to the Sky (LP) - REVIEW // Allen Toussaint - Songbook (LP) - REVIEW Holy Ghost! - Dynamics (LP) - REVIEW // Luca Ciut - Seventeen Million Lonely Angels (LP) - REVIEW The Trotskies - The Trotskies (EP) - REVIEW // The Paul McKenna Band - Elements (LP) - REVIEW Elvis Costello and The Roots - Wise Up Ghost and Other Stories (LP) - REVIEW Go Violets - Heart Slice (EP) - REVIEW // Crucible - The Songs Of Hunters & Collectors (LP) - REVIEW

Eating with the AU: PaperPlanes New Lunch Menu Bondi Beach (Sydney) - HERE

Hello Asia! NEWS: MBC Korean Music Wave to hit Singapore in November! - HERE

THE AU REVIEW PRESENTS:

Melbourne MC Mantra took some time to answer some questions - HERE Wolf Mail took some time to tell the AU Review about life in a traveling band - HERE We catch up with Nicky Bomba of 26-piece Melbourne Ska Orchestra - HERE We catch up with bassist Andrew Pearsall of Sydney's Solkyri - HERE We chatted to Paul French of Perth indie-rock quartet Mining Boom - HERE Cara caught up with Morgan Castle from Brisbane group Young Lions - HERE Larry eats Yum Cha with Felix Riebl from The Cat Empire! - HERE We chat to Nic and Ben of Bed Wettin' Bad Boys - HERE We catch up with Australian Hardcore and Metal outfit Hellions - HERE Larry chats to Jon Fratelli from Glasgow's The Fratellis - HERE

3PRL WLVWSL SPRL [OPZ 5HDG 0DJ /DWHVW ,VVXX )HHG ,WHP

$GYHUWLVH 0DLOWR NULV#)XUVWPHGLD &RP $X"6XEMHFW $GYHUWLVLQJ (QTXLU\ &RQWDFW &RQWHQW &RQWDFW 8V

6LJQ XS WR RXU ZHHNO\ QHZVOHWWHU

+RPH

0XVLF 6HFWLRQ 0XVLF $OO $OO

)UHH 6KLW )UHH 6KLW 2SHQ

-REV -REV

$UWV 6HFWLRQ $UWV $OO $OO

*LJ *XLGH *LJ *XLGH

)HVWLYDOV $UFKLYH )HVWLYDOV $OO $OO

9HQXHV 9HQXHV $OO

%HDW79 +WWS :ZZ %HDW &RP $X 7Y 6HDUFK 6QDSV 6QDSV

'LVFXVVLRQ 'LVFXVVLRQ

<RX DUH QRW ORJJHG LQ /RJLQ KWWS ZZZ EHDW FRP DX XVHU _ 5HJLVWHU KWWS ZZZ EHDW FRP DX XVHU UHJLVWHU

)($785(' $57,&/(6

%5($.,1* 1(:6

PXVLF VWHHO SDQWKHU

)HDWXUHG ,QWHUYLHZ

PXVLF KLJK WHQVLRQ

FRQWHQW MXVWLQ YDQ GHU

FROOLQJZRRG

YROJHQ

PXVLF VWHHO SDQWKHU

6LQJOH 2I 7KH :HHN

PXVLF EHOOUD\V

)HDWXUHG ,QWHUYLHZ

PXVLF EHOOUD\V

PXVLF KLJK WHQVLRQ

FRQWHQW MXVWLQ YDQ

7KH %HO O 5 D \V

6W HHO 3D QW KHU P XV LF V W HHO S D QW KHU

FROOLQJZRRG

GHU YROJHQ

P XV LF E HO O UD \V

+LJK 7HQV LR Q &R O O LQJZ R R G P XV LF KLJK W HQV LR Q FR O O LQJZ R R G

- XV W LQ 9D Q 'HU 9R O JHQ FR QW HQW M XV W LQ YD Q GHU YR O JHQ

$// 1(:6 { $5&+,9( $// 1(:6 $//

.\OH +DOO &DQFHOV 8SFRPLQJ $XVWUDOLDQ FRQWHQW N\OH KDOO FDQFHOV XSFRPLQJ DXVWUDOLDQ WRXU

PLQ DJR :D[KHDG 5HOHDVH 6LQJOH $QQRXQFH 7RXU PXVLF ZD[KHDG UHOHDVH VLQJOH DQQRXQFH WRXU GDWHV

KRXUV DJR :KLWH 6XPPHU 5HOHDVH (3 $QQRXQFH PXVLF ZKLWH VXPPHU UHOHDVH HS DQQRXQFH ODXQFK VKRZ

KRXUV DJR 9DQV :DUSHG $GG 7ZR 0RUH %DQGV PXVLF YDQV ZDUSHG DGG WZR PRUH EDQGV

KRXUV DJR /LYH 0XVLF &RPHV 7R 7KH 7XOODPDULQH PXVLF OLYH PXVLF FRPHV WXOODPDULQH DLUSRUW

KRXUV DJR 3RUW )DLU\ )RON )HVWLYDO $QQRXQFH VW PXVLF SRUW IDLU\ IRON IHVWLYDO DQQRXQFH VW OLQHXS

KRXUV DJR 2NNHUYLO 5LYHU 0HOERXUQH 6KRZ PXVLF RNNHUYLO ULYHU PHOERXUQH VKRZ

GD\V DJR -XOLD +ROWHU $QQRXQFHV $XVWUDOLDQ PXVLF MXOLD KROWHU DQQRXQFHV DXVWUDOLDQ WRXU

GD\V DJR 4XHHQVFOLII 0XVLF )HVWLYDO $QQRXQFH PXVLF TXHHQVFOLII PXVLF IHVWLYDO DQQRXQFH PLGQLJKW RLO WULEXWH VKRZ ILQDO DFWV

GD\V DJR :LUH $QQRXQFH $XVWUDOLDQ 7RXU )RU PXVLF ZLUH DQQRXQFH DXVWUDOLDQ WRXU

GD\V DJR

0DQWUD XVHUV NULVVL

.5,66, 86(56 .5,66,

-RLQHG QG 0D\ /DVW VHHQ UG -DQXDU\

3PRL

5RE 7UHPOHWW DND 0DQWUD EDUHO\ KDG WLPH WR ZDVK KLV VRFNV DIWHU D PDVVLYH WRXU ZLWK 6HWK 6HQWU\ ZKHQ KLV RZQ DOEXP ODXQFK WRXU EHJDQ $OEXP QXPEHU WKUHH DQG WKH ILUVW DZD\ IURP WKH 2EHVH ODEHO 7HOOLQJ 6FHQHV KDV DUULYHG DQG LQ W\SLFDO 0DQWUD VW\OH LWÂ¶V KHDUWIHOW DFKLQJO\ KRQHVW DQG IXOO RI WKH FROODERUDWLYH VW\OH KHÂ¶V VR NQRZQ IRU Â³:HÂ¶YH GRQH RXU ILUVW VKRZV IRU WKH DOEXP WRXU DQG ZHÂ¶UH H[FLWHG WR EH URFNLQJ WKH QHZ WUDFNV QRZ Â´ 7UHPOHWW VD\V Â³,W ZDV DZHVRPH SOD\LQJ LQ :$ EHFDXVH WKH DOEXP KDG RQO\ EHHQ RXW IRU D ZHHN DQG \D NQRZ HYHU\ VRQJ WKDW ZH SOD\HG SHRSOH NQHZ DOO WKH ZRUGV 7KDWÂ¶V YHU\ HQFRXUDJLQJ IRU PH EHFDXVH , GRQÂ¶W WKLQN P\ O\ULFV DUH SDUWLFXODUO\ HDV\ WR OHDUQ VR WKDW PHDQV SHRSOH PXVW EH JLYLQJ LW D SUHWW\ GDPQ JRRG OLVWHQ Â´

*,* 2) 7+( '$<

$// *,*6 { *,* *8,'(

7+ 2) 129(0%(5 30

JLJ XQSDYHG SUHVHQWV VRQJZULWHU VHVVLRQV

',6&866,21

8QSDYHG 3UHVHQWV 6RQJZULWHU 6HVVLRQV +WWS :ZZ %HDW &RP $X *LJ 8QSDYHG 3UHVHQWV 6RQJZULWHU 6HVVLRQV

2OG %DU YHQXH ROG EDU ILW]UR\ MRKQVWRQ VW

'HVSLWH EHLQJ D VHOI SURIHVVHG FODVV FORZQ 0DQWUDÂ¶V KXPEOH DQG DOPRVW VHOI GHSUHFDWLQJ YLHZ RI KLPVHOI DV DQ DUWLVW LV ZRUOGV DZD\

&RPPHQWV PXVLF PDQWUD "TXLFNWDEVB 7RSLFV PXVLF PDQWUD "TXLFNWDEVB )UHHVKLW PXVLF PDQWUD "TXLFNWDEVB TXLFNWDEV

7ZHHWV PXVLF PDQWUD "TXLFNWDEVB TXLFNWDEV TXLFNWDEV

IURP WKH KLS KRS EUDYDGR VWHUHRW\SH Â³, FDQ QHYHU UHDOO\ EHOLHYH WKDW DQ\RQH DW DOO ZDQWV WR OLVWHQ WR P\ PXVLF VR IRU PH LWÂ¶V VWLOO DPD]LQJ ZKHQ WKDW KDSSHQV Â´ KH VD\V Â³7R WKLQN WKDW SHRSOH DUH DFWXDOO\ YHQXH HYHO\Q KRWHO ILW]UR\ EUXQVZLFN VW

(YHO\Q +RWHO YHQXH HYHO\Q KRWHO ILW]UR\ EUXQVZLFN VW

ZDLWLQJ IRU WKH DOEXP LV MXVW DPD]LQJ :H GLG D EXQFK RI SUH RUGHU SDFNDJHV WKDW ZHUH OLNH D ER[ VHW ZLWK YLQ\O DQG D O\ULF ERRN DQG VWXII DQG WKH UHVSRQVH WR WKDW ZDV JUHDW $ EXQFK RI WKHP VROG RXW D ZHHN LQ DGYDQFH EHIRUH WKH DOEXP ZDV HYHQ UHOHDVHG , FRXOGQÂ¶W EHOLHYH WKH ORYH

%UXQVZLFN 6W )LW]UR\ , ZDV JHWWLQJ DQG , FRXOGQÂ¶W EHOLHYH WKDW SHRSOH ZDQWHG WKRVH SK\VLFDO 6HH PDS WKLQJV Â´ *RRJOH 0DSV KWWS PDSV JRRJOH FRP" T %UXQVZLFN 6W & )LW]UR\ & 9,& & & DX

7UHPOHWW KDV DOZD\V HQMR\HG FROODERUDWLYH FUHDWLRQ EXW ZKDW VWDQGV RXW 2EHVH 5HFRUGV <HDU $QQLYHUVDU\ %ORFN 3DUW\ FRQWHQW REHVH UHFRUGV \HDU DQQLYHUVDU\ EORFN SDUW\

YLHZV FRPPHQWV :RUGV 1RW :HDSRQV PXVLF ZRUGV QRW ZHDSRQV

YLHZV FRPPHQWV 0DQWUD FRQWHQW PDQWUD

YLHZV FRPPHQWV

ZLWK KLV IRUWKFRPLQJ DOEXP LV LWV PXVLFDOLW\ ,WÂ¶V MXVW SODLQ EHWWHU Â³, VWDUWHG JHWWLQJ VRPH YRFDO OHVVRQV PDLQO\ WR VWUHQJWKHQ P\ YRLFH DQG WDNH FDUH RI LW RQ WKH URDG DQG QDLO P\ WXQHV HDFK DQG HYHU\ QLJKW Â´ KH VD\V Â³7KDW WKHQ OHDG WR WU\LQJ PRUH RXW ZLWK VLQJLQJ DQG , JRW WR OHDUQ VRPH SLDQR DQG LW JRW WR VROLGLI\ VRPH RI WKH PXVLF WKHRU\ ,Â¶G OHDUQHG

&DLWOLQ (OL]DEHWK XVHUV FDLWOLQ HOL]DEHWK FRPPHQWHG RQ :KLWOH\ # +RZOHU PXVLF ZKLWOH\ KRZOHU XVHUV FDLWOLQ HOL]DEHWK

ZHHNV GD\V DJR $V D IDQ RI :KLWOH\ IRU DV ORQJ DV , FDQ UHPHPEHU , P DOZD\V VSHHFKOHVV DV WR KLV SUHVHQFH RQ 0DUN 6HDWRQ XVHUV PDUN VHDWRQ

FRPPHQWHG RQ 7KH &XOW # )HVWLYDO +DOO PXVLF FXOW IHVWLYDO KDOO XVHUV PDUN VHDWRQ

ERWDQLF JDUGHQV ZHHNV GD\V DJR '(19(5

0DQWUD $QQRXQFHV $OEXP 7RXU PXVLF PDQWUD DQQRXQFHV DOEXP WRXU

YLHZV FRPPHQWV

EDFN LQ WKH GD\V DV ZHOO DV JLYLQJ PH WKDW UHDOO\ VWURQJ IRXQGDWLRQ WR EXLOG RQ ,W UHDOO\ DIIHFWHG P\ ZULWLQJ DQG P\ PXVLF LQ D FRRO ZD\ 7KH PRUH , WKLQN DERXW LW QRZ WKRXJK , SUREDEO\ GLG QHHG WR GR LW Â´

7\VRQ :UD\ XVHUV W\VRQ FRPPHQWHG RQ /HW 7KHP (DW &DNH /LQHXS 5HYHDOHG IHVWLYDOV OHW WKHP HDW FDNH XVHUV W\VRQ

OLQHXS UHYHDOHG ZHHNV GD\V DJR

$V ZLWK KLV SUHYLRXV UHOHDVHV 7UHPOHWW KDV FKRVHQ WR EH SDLQVWDNLQJO\

5HDOO\ VROLG OLQHXS *UHDW IHVWLYDO WKLV \HDU WRR

KRQHVW LQ KLV O\ULFV DQG VXEMHFW PDWWHU RQ WKLV DOEXP Â³, WKLQN IRU WKH PRVW SDUW WKH WKLQJV WKDW , ZULWH DERXW DUH WKH WKLQJV ,Â¶P JHQHUDOO\ FRPIRUWDEOH ZLWK SHRSOH KHDULQJ DQG GLVFXVVLQJ Â´ KH VD\V Â³,I \RXÂ¶UH SXWWLQJ VRPHWKLQJ LQ D VRQJ \RXÂ¶UH EDVLFDOO\ SXWWLQJ LW XS IRU SXEOLF

$/%80 2) 7+( :((.

GLVFXVVLRQ ,I WKHUHÂ¶V VRPHWKLQJ ,Â¶P WRWDOO\ QRW FRPIRUWDEOH ZLWK ,

+773 %($7 &20 $8 $5&+,9( 086,& 5(9,(: $/%80

ZRQÂ¶W SXW LW RQ D UHFRUG 6RPH RI WKH ELJJHVW REVWDFOHV DQG HPRWLRQDO

LVVXHV ,Â¶YH GHDOW ZLWK LQ P\ OLIH ,Â¶YH FRPH WR WHUPV ZLWK D ORW PRUH DIWHU ZULWLQJ VRQJV DERXW WKHP Â´ KH FRQWLQXHV Â³7KHUH KDYH EHHQ D IHZ PDVVLYH KHDUWEUHDNV DQG WUDJHGLHV WKDW KDYH EHFRPH HDVLHU WR WKLQN DERXW Â´ +HÂ¶V FRQWLQXHG WKDW HPRWLRQDO SXUJLQJ EXW H[SODLQV WKDW WKH FDWDO\VW IRU HDFK VRQJ FDQ DOZD\V FRPH EDFN DQG WDNH KLP E\ HPRWLRQDO VXUSULVH Â³<RXÂ¶YH SRXUHG \RXU KHDUW RXW EXW DIWHU UHKHDUVLQJ DQG SHUIRUPLQJ D VRQJ QLJKW DIWHU QLJKW LW PDNHV LW D ELW VWUDQJH Â´ KH VD\V Â³, KDYH D VRQJ , ZURWH )RU <RX DERXW P\ IULHQG ZKR ZDV PXUGHUHG DQG ,Â¶G ZULWWHQ WKH VRQJ D IHZ \HDUV DJR QRZ DQG ,Â¶G UHFRUGHG EHIRUH DQG SHUIRUPHG LW Â± , GHFLGHG WR UHFRUG LW DJDLQ LQ LWV ILQDO LQFDUQDWLRQ , ODLG LW GRZQ LQ WKH VWXGLR DQG WKHQ MXVW WKLV RQH WLPH OLVWHQLQJ WR LW LQ WKH VWXGLR WKDW ZDV VXGGHQO\ D WULJJHU IRU PH WR KDYH WR OHDYH WKH URRP IRU D PLQXWH DQG JR DQG FU\ P\ H\HV RXW LQ WKH EDWKURRP ,WÂ¶V OLNH , KDGQÂ¶W SURSHUO\ WKRXJKW DERXW ZKDW LW ZDV IRU VR ORQJ Â± LW KDG EHFRPH MXVW D VRQJ Â± VR VKLW QHYHU UHDOO\ JRHV DZD\ EXW \RX GR EHFRPH GHVHQVLWL]HG $QG WKHUHÂ¶V QR EHWWHU SODFH WR GR WKDW WKDQ LQ PXVLF Â´

KWWS ZZZ EHDW FRP DX PXVLF VHDEHOOLHV IHYHU EHOOH

6H DEH OOLH V )H YH U %H OOH PXVLF VH DEH OOLHV IH YH U EH OOH

:$ DXGLHQFHV GLG JHW WR HQMR\ *UH\ *KRVW DQG 0DQWUD VKDUH WKH VWDJH IRU D IHZ WUDFNV EXW DV WKH WRXU UROOV RQ WKH DOEXPÂ¶V FROODERUDWLYH QDWXUH LV JRLQJ WR FRPH WR OLIH HYHQ PRUH Â³:HÂ¶YH RQO\ GRQH WZR VKRZV WKH\Â¶YH ERWK EHHQ LQ :$ DQG XQIRUWXQDWHO\ QRQH RI P\ FROODERUDWRUV ZHUH WKHUH Â´ KH VD\V Â³, GLG KDYH *UH\ *KRVW DW WKH VKRZ VR ZH JRW WR SOD\ D FRXSOH WUDFNV WRJHWKHU , KDYHQÂ¶W EHHQ DEOH WR EULQJ WR OLIH WKH FROODEV WKDW , GLG RQ WKH DOEXP MXVW \HW EXW ,Â¶P GHILQLWHO\ ORRNLQJ IRUZDUG WR D EXQFK RI WKRVH DUWLVWV FRPLQJ XS RQ VWDJH GXULQJ WKH XSFRPLQJ VKRZV ,Â¶P QRW VD\LQJ ZKRÂ¶V JRQQD EH WKHUH VSHFLILFDOO\ EXW WKHUHÂ¶V D ORW WR ORRN IRUZDUG WR Â´ %< .5,66, :(,66

0$175$ ZLOO EH DW 7KH (YHO\Q KWWS HYHO\QKRWHO FRP DX )ULGD\ 2FWREHU 7HOOLQJ 6FHQHV LV RXW QRZ WKURXJK 7HQ 7R 7ZR 5HFRUGV

0267 3238/$5

7RGD\ PXVLF PDQWUD "TXLFNWDEVB (YHU PXVLF PDQWUD "TXLFNWDEVB 'LVFXVVLRQ PXVLF PDQWUD "TXLFNWDEVB TXLFNWDEV

%HDW79 PXVLF PDQWUD "TXLFNWDEVB TXLFNWDEV

TXLFNWD 0$175$ &$7(*25< 7$*6 0$175$

/RJLQ XVHU ORJLQ"GHVWLQDWLRQ QRGH ) FRPPHQW IRUP RU UHJLVWHU XVHU UHJLVWHU" GHVWLQDWLRQ QRGH ) FRPPHQW IRUP WR SRVW FRPPHQWV

.HUVHU KWWS ZZZ EHDW FRP DX FRQWHQW NHUVHU

9LHZV &RPPHQWV KWWS ZZZ EHDW FRP DX FRQWHQW NHUVHU

$XVVLH KLS KRS KDV DOZD\V SOD\HG LW IDLUO\ VDIH 7KH VRXQG LWVHOI ZLWKLQ WKH PDLQVWUHDP DQ\ZD\ KDV EHFRPH PRUH DQG PRUH SRS GULYHQ DQG WKHUH KDG KWWS ZZZ EHDW FRP DX PXVLF SRLVRQ FLW\ 3RLVRQ &LW\ :HHNHQGHU # -RKQ &XUWLQ &RUQHU +RWHO ZHHNHQGHU MRKQ FXUWLQ FRUQHU 5HYHUHQFH +RWHO KRWHO UHYHUHQFH KRWHO

KWWS ZZZ EHDW FRP DX PXVLF S RLVRQ FLW\ ZHHNHQGHU MRKQ FXUWLQ FRUQHU KRWHO UHYHUHQFH KRWHO

9LHZV &RPPHQWV )RU D VHOHFW SRUWLRQ RI 0HOERXUQHÂ¶V PXVLF VFHQH 3RLVRQ &LW\ :HHNHQGHU LV WKH XOWLPDWH EUR IHVW ZKHUH WKRVH ZKR XVHG WR IUHTXHQW 7KH $UWKRXVH DQG +DUYHVW )HVWLYDO 2IILFLDOO\ &DQFHOOHG KWWS ZZZ EHDW FRP DX IHVWLYDOV KDUYHVW IHVWLYDO RIILFLDOO\ KWWS ZZZ EHDW FRP DX IHVWLYDOV KDUYHVW FDQFHOOHG

IHVWLYDO RIILFLDOO\ FDQFHOOHG

9LHZV &RPPHQWV )ROORZLQJ PDQ\ UXPRXUV DQG DOOHJDWLRQV +DUYHVW KDV EHHQ RIILFLDOO\ FDQFHOOHG 7KH FRQILUPDWLRQ FRPHV IURP +DUYHVW SURPRWHU $0DGGDK V :KDW V WKH 6WRU\ :LWK 0DWW\ &RUE\ KWWS ZZZ EHDW FRP DX FRQWHQW

&211(&7

+20(

086,&

),/0

,1 7+( 6327/,*+7

/*%7

086,& 9,'(26 0(',$

),/0 75$,/(56 0(',$

6HDUFK +HUH

6($5&+

$%287 86 >OV >L (YL *VU[HJ[ 4LL[ ;OL ;LHT *VU[YPI\[L

/$7(67 7:((76 ;^LL[Z

0$175$ $11281&(6 1(: 6,1*/( z%5($. 75$',7,21{ $86

7\ISPZOLK 6U 1\S` c )` *SHYL (YTZ[YVUN c 4\ZPJ 5L^Z 5L^Z -VSSV^PUN VU MYVT YHKPV HU[OLT 3V\KTV\[O 4LSIV\YUL YHWWLY 4HU[YH OHZ KYVWWLK [OL LTV[PVUHSS` OLH]` )YLHR ;YHKP[PVU Â¶ [OL ZLJVUK ZPUNSL MYVT OPZ MVY[OJVTPUN HSI\T ;LSSPUN :JLULZ

-VSSV^ '9LUV^ULK :V\UK

9LUV^ULK-VY:V\UK

'9LUV^ULK :V\UK

9L]PL^! ':\ZHU)V`SL/8 OHZ H UL^ *OYPZ[THZ YLJVYK OVTLMVYJOYPZ[THZ IP[ S` P6R([< ':VU`4\ZPJ(< ':VU`4\ZPJ.SVIHS ,_WHUK

+\L MVY YLSLHZL PU :LW[LTILY ;LSSPUN :JLULZ PZ HU HSI\T PU [OL TVZ[ JYLH[P]L ZLUZL! UV[ Q\Z[ H JVSSLJ[PVU VM ZVUNZ I\[ HU L_WLYPLUJL [OH[ [HRLZ P[Z SPZ[LULY VU H QV\YUL` <ZPUN KL_[LYV\Z YO`TLZ [V \UMVSK Z[HYR HUK SP[LYHS UHYYH[P]LZ 4HU[YH

9LUV^ULK-VY:V\UK

'9LUV^ULK :V\UK

4HU[YH PZ [V\YPUN (\Z[YHSPH ^P[O :L[O :LU[Y` HUK .YL` .OVZ[ MYVT (\N\Z[ [OYV\NO [V 6J[VILY ZOV^ KL[HPSZ HYL OLYL

9LUV^ULK-VY:V\UK YL]PL^Z UL^ 5V]LTILY 3.); YLSLHZL 4VUZ[LY7PLZ Z[HYYPUN ')HYY;YPZ[HU IP[ S` /0Y H4 ';3(9LSLHZPUN

,_WHUK

KLS]LZ PU[V [OL J`JSL VM ]PVSLUJL [OH[ ZLLZ [OL LUKSLZZ JOHPU VM VUL WLYZVU WHZZPUN [OLPY HI\ZL VU [V [OL UL_[ \U[PS ZVTLVUL THRLZ [OL JVUZJPV\Z KLJPZPVU [V KPZPUOLYP[ P[

9LUV^ULK-VY:V\UK

'9LUV^ULK :V\UK

9L]PL^! >L [HRL H SPZ[LU [V [OL UL^ ZPUNSL I` 'LSSPLNV\SKPUN OV^SVUN^PSSPSV]L`V\ 'JHSSHNOHUFKH]PK '*OHYT-HJ[VY` YL[^LL[ ,_WHUK

9LUV^ULK-VY:V\UK

;^LL[ [V '9LUV^ULK :V\UK

/$7(67 086,& 9,'(26 4\ZPJ =PKLV! (ZNLPY Â¶ Âº;VYYLU[Â» 5V]LTILY c *VTTLU[Z

3PRL

$%287 7+( $87+25

4\ZPJ =PKLV! ;` :LNHSS Â¶ Âº;OL 4HU 4HUÂ» 5V]LTILY c *VTTLU[Z

*SHYL (YTZ[YVUN !!! JV]LYPUN [OL SH[LZ[ UL^Z VU 9LUV^ULK-VY:V\UK JVT

4\ZPJ =PKLV! -HUMHYSV Â¶ Âº(

3PRL WLVWSL SPRL [OPZ

+RPH

0XVLF

$UWV

5HDG 0DJ $GYHUWLVH &RQWDFW

)HVWLYDOV

%HDW79

6QDSV

)UHH 6KLW

-REV

*LJ *XLGH

9HQXHV

)($785(' $57,&/(6

)HDWXUHG ,QWHUYLHZ

6LQJOH 2I 7KH :HHN

)HDWXUHG ,QWHUYLHZ

6RQQ\ $QG 7KH 6XQVHWV

3RSROLFH :RXOG <RX %HOLHYH

0HOERXUQH 6ND 2UFKHVWUD

7KH &ULEV

0DQWUD /RJLQ RU UHJLVWHU WR SRVW FRPPHQWV 3PRL

0DQWUD KDV MXVW GURSSHG KLV WKLUG VWXGLR DOEXP 7HOOLQJ 6FHQHV 7HOOLQJ 6FHQHV LV DQ DOEXP LQ WKH PRVW FUHDWLYH VHQVH QRW MXVW D FROOHFWLRQ RI VRQJV EXW DQ H[SHULHQFH WKDW WDNHV LWV OLVWHQHU RQ D MRXUQH\ :H KDYH D FRPPHPRUDWLYH ER[ VHW LQFOXGLQJ 7HOOLQJ 6FHQHV &' 7HOOLQJ 6FHQHV GRXEOH YLQ\O ZLWK JDWHIROG VOHHYH SDJH KDUG FRYHU O\ULF ERRN DOO WKUHH DOEXPV W VKLUW DQG NH\ULQJ WR JLYH DZD\ )RU \RXU FKDQFH WR ZLQ WHOO XV \RXU RZQ VFHQH 3RVWHG E\ URESDOORW RQ 2FWREHU # SP

/RJLQ RU UHJLVWHU WR SRVW FRPPHQWV

$W ZRUN LQ WKH OLIW WKLV JX\ ZKR , GRQ W HYHQ NQRZ SDLG RXW P\ OXQFK 7KDW V D SUHWW\ VDG ORRNLQJ VDQGZLFK , GLGQ W PDNH DV PXFK RI D VFHQH WKHQ EXW VLQFH , YH KDG DUJXDEO\ WRR PXFK IXQ GD\

GUHDPLQJ DERXW ZKDW , VKRXOG KDYH VDLG DQG KRZ , VKRXOG KDYH PDGH PRUH RI D VFHQH

3RVWHG E\ WKHERG\ZDOO RQ 2FWREHU # SP

/RJLQ RU UHJLVWHU WR SRVW FRPPHQWV

+HUH V D VFHQH RI WKH ULGLFXORXV IURP P\ \RXWK *RW VRPH NLWHV WRRN RII WKH OLQHV DQG WLHG DOO OLQHV WRJHWKHU WR FUHDWH VXSHU NLWH $W QLJKW VHQW NLWH KLJK XS DQG NHSW JRLQJ IRUHYHU DV ZH GLGQÂ¶W WLH OLQH EDFN WR WKH KDQGOH

'LVFXVVLRQ

5L^Z

.PN .\PKL

:LY]PJLZ

(Y[PZ[Z

:[VYL

*VU[HJ[ <Z

4VYL :[VYPLZ 4HU[YH Âº;LSSPUN :JLULZÂ» 9L]PL^ :LH^H` Âº/VZLYÂ» 9L]PL^ :\L (UUL :[L^HY[ ;HSRZ (IV\[ /LY 5L^ (SI\T Âº.`WZ` )SVVKÂ» ;V\YPUN 3PML (SL_ Âº:OVV[LYÂ» >PSSPHTZVU 3P]L *VTLK` :OV^ 9L]PL^ :[H[L *OHTWZ Â¶ ;OL -PULY ;OPUNZ 9L]PL^ ( )YLHRKV^U 6M >HYWLK ;V\Y (\Z[YHSPHÂ»Z 3PUL\W 3VYKL 7\YL /LYVPU 9L]PL^ 4HU[YH .YL` .OVZ[ 3P]L 9L]PL^ Â¶ ;LTWV /V[LS )YPZIHUL

4HU[YHÂ»Z SH[LZ[ HSI\T Âº;LSSPUN :JLULZÂ» ZPTWS` W\[ PZ H WPLJL VM MPUL HY[ [OH[ OHZ [V IL HWWYLJPH[LK -YVT [OL NYP[[` S`YPJZ [V [OL LJSLJ[PJ TP_ VM PUZ[Y\TLU[H[PVU 4HU[YH OHZ THUHNLK [V W\[ V\[ HU HSI\T ÔPJO OL ZOV\SK KLMPUP[LS` IL WYV\K VM ;OL HSI\T VWLUZ \W ^P[O Âº:JLUL 6UL 0U[YVK\J[PVU Â» [OL MSPJRLY VM H TV]PL WYVQLJ[VY V]LYSHPK ^P[O OH\U[PUN WPHUV JOVYKZ ZL[[PUN [OL ZJLUL MVY [OL HSI\T [V TV]L [V Âº3LHYU @V\Y 3HUN\HNLÂ» ;OL ZVUN MVJ\ZLZ HYV\UK H ZPTWSL ILH[ ^P[O JOPTPUN N\P[HYZ HUK WHUUPUN ]PVSPUZ HM[LY T` MPYZ[ SPZ[LU 0 [OPUR Âº3LHYU @V\Y 3HUN\HNLÂ» PZ T` MH]V\YP[L ZVUN VM [OL HSI\T [OL ILH[ HUK MSV^ HSVUN ^P[O 4HU[YHÂ»Z S`YPJZ Q\Z[ NLS WLYMLJ[S` ;OL JVOLZP]L LMMVY[ PZ WLYMLJ[S` YHKPV MYPLUKS` HUK JV\SK VWLU \W H SV[ VM KVVYZ PM 4HU[YH WSH`Z OPZ JHYKZ YPNO[ ^P[O [OPZ [YHJR Âº;LSSPUN :JLULZÂ» YHPZLZ [OL IHY ^P[O P[Z LJSLJ[PJ \ZL VM PUZ[Y\TLU[Z KPMMLYLU[ NLUYLZ HUK ILH[Z ;OLYLÂ»Z SP[LYHSS` ZVTL[OPUN MVY L]LY`VUL OLYL ,SLJ[YVUPJ YLNNHL ILH[Z PU[LY[^PULK ^P[O IP[ ZÙ[OZ Z^LLWPUN PU SLM[ HUK YPNO[ )PN IHUK VYJOLZ[YHS [\ULZ HUK L]LU WPJRLK :WHUPZO N\P[HYZ ILULH[O 4HU[YHÂ»Z YO`TLZ ;OPZ KP]LYZP[` PZ ÔH[ 4HU[YH PZ IYPUNPUN [V [OL NHTL WHPYLK ^P[O OPZ ZVSPK S`YPJHS HIPSP[` P[ THRLZ 4HU[YH H MVYJL [V IL YLJRVULK ^P[O ;OL HSI\T HSZV PUJS\KLZ [^V ]LY` KPMMLYLU[ [OPUNZ [OH[ 0 WLYZVUHSS` OH]LUÂ»[ OLHYK VU HU HSI\T ILMVYL Âº;LSSPUN :JLULZÂ» PUJS\KLZ H ZWVRLU ^VYK PU[LYS\KL I` (SPH .HIYLZ ÔPJO ZV\UKZ SPRL [OL YLHKPUN VM H WVLT ;OLYL PZ HSZV [^V ÂºZRP[ZÂ» VU [OL HSI\T ÔPJO HYL X\PJR JVTLK` ZRL[JOLZ VUL VM ÔPJO PZ LU[P[SLK Âº>OVÂ»Z @V\Y -H]V\YP[L 9HWWLY&Â» [OPZ VUL ^PSS Z\YLS` OH]L `V\ ZTPSPUN ;OL WYVK\J[PVU VU Âº;LSSPUN :JLULZÂ» PZ Z\ISPTL HUK YLHSS` OVSKZ L]LY`[OPUN [VNL[OLY ;OL KP]LYZP[` ZOVÛ IL[^LLU 4HU[YHÂ»Z YO`[OTPJ ZLUZL HUK [OL ILH[Z VU [OL HSI\T THRL MVY HU L_[YLTLS` JVVS HSI\T HUK ZVTL[OPUN KLMPUP[LS` ^VY[O [HRPUN [OL [PTL V\[ VM `V\Y KH` [V SPZ[LU [V )` .PSLZ /PNNPUZVU

;OL *YVVRLK -PKKSL )HUK ;HSR (IV\[ 9LJVYKPUN ;V\YPUN .HTL 6M ;OYVULZ ( +H` ;V 9LTLTILY *VTTVU *V\Y[LZ` (SI\T 9L]PL^

5L^Z

.PN .\PKL

;O\YZKH`Z HYL [`WPJHSS` YLZLY]LK MVY <UP UPNO[Z" OV^L]LY 4HU[YH HUK .YL` .OVZ[ JHTL HUK [VVR V]LY )YPZIHUL»Z ;LTWV /V[LS PU )Y\UZ^PJR :[YLL[ HUK Z[\MMLK Z`SSHISLZ KVÛ LHNLY MHJLZ (S[OV\NO H YLSH[P]LS` PU[PTH[L ZOV^ MVY [OL KÙHTPJ 4*»Z IV[O 4HU[YH HUK .YL` .OVZ[ YVJRLK V\[ ^P[O H JVVS JVTIPUH[PVU VM +1 HUK 7LYJ\ZZPVUPZ[ :VTL[PTLZ IYPUNPUN SP]L PUZ[Y\TLU[H[PVU PU[V OPW OVW JHU JH\ZL ZVUNZ [V ISV^ V\[ HUK SVZL [OLPY SV^ LUK JVU[YVS I\[ [OPZ ^HZU»[ [OL JHZL ;OL IHJR HUK MVY[O IL[^LLU ]VJHSZ +1 HUK WLYJ\ZZPVU ^HZ THZ[LYM\SS` L_LJ\[LK HUK HKKLK H UPJL KPTLUZPVU [V [OL SP]L ZL[Z 3PRL TVZ[ OPW OVW ZOV^Z [OLYL ^HZ HU PUP[PHS OHa` HTIPLUJL I\[ HZ ;/* SL]LSZ ^LYL KPS\[LK I` H ML^ JVSK IYL^Z [OL ]PIL ^HZ SPM[LK HSVUN ^P[O .YL` .OVZ[ I` [OVZL PU [OL MYVU[ YV^ :VUN ZLSLJ[PVU I` IV[O 4*»Z JV]LYLK H NVVK YHUNL VM [OLPY ILZ[ YLSLHZLZ HUK [OL ZV\UK ^HZ VU WVPU[ 0[»Z NYLH[ ÔLU `V\ ZLL ]VJHSPZ[Z [OH[ RUV^ OV^ [V NL[ [OL TVZ[ V\[ VM H Z`Z[LT ^P[OV\[ Z[YHPUPUN HUK `LSSPUN 6\Y MH]V\YP[L WHY[ VM [OL UPNO[ ^HZ 4HU[YH»Z MYLLZ[`SL ZLZZPVU ÔLYL OL NV[ JYV^K TLTILYZ [V ^YP[L [VWPJZ VU WHWLY HLYVWSHULZ HUK [OYV^ [OLT VU[V [OL Z[HNL /L [OLU ^LU[ VU [V \UMVSK [OL WSHULZ HUK SH\UJO PU[V Z[\TISL MYLL PTWYV]PZH[PVUZ JYLH[P]LS` ^VYRPUN PU [OL Z\NNLZ[PVUZ [V IV[O [H\U[ HUK WYHPZL [OL JYV^K 6]LYHSS P[ ^HZ H NYLH[ ^H` [V ZWLUK H ;O\YZKH` UPNO[ HUK [OL OHUNV]LY ^HZ ^LSS ^VY[O P[ L]LU [OV\NO ^L LUKLK \W VU Z[Y\NNSL Z[YLL[ [OL MVSSV^PUN KH` )` +LJSHU /VS[

:LY]PJLZ

(Y[PZ[Z

:[VYL

*VU[HJ[ <Z

(PDLO RU 3KRQH VHDP ODP #JPDLO FRP

6LJQ 8S

.HHS PH ORJJHG LQ

4HU[YH .YL` .OVZ[ ;LTW /V[LS %\ 3DUN 3URGXFWLRQV ă 8SGDWHG DERXW ZHHNV DJR ă 7DNHQ DW 7KH 7HPSR +RWHO

-XOLXV %ULJKW 6DFNH\ DQG 6X]H &DSDPDJLDQ OLNH WKLV 6X]H &DSDPDJLDQ 6RUU\ ZH PLVVHG VHHLQJ \RX 1HGD KRSH WKH WRXU LV JRLQJ ZHOO [ 2FWREHU DW SP ă (GLWHG

2WKHU $OEXPV

3DVVZRUG )RUJRW \RXU SDVVZRUG"

/RJ ,Q

)ULGD\ 1RY

0< 1(:6

0RYLHV

&ODVVLILHGV

0< &/,33,1*6

0XVLF

79 5DGLR

'R \RX NQRZ PRUH DERXW D VWRU\"

0< &200(176

%R[ 6HDW

<RX DUH KHUH +RPH (QWHUWDLQPHQW 0XVLF

$UWV

5HDO (VWDWH

&DUV

-REV

'DWLQJ

0< +,6725<

*RRG )RRG

%RRNV

1HZVOHWWHUV

6,*1 83

6RFLDO 3KRWRV

)DLUID[ 0HGLD 1HWZRUN

/2* ,1

/($51 025(

(YHQWV 6HDUFK KHUH

$UWLFOH

0DQWUD 7HOOLQJ 6FHQHV

(QWHUWDLQPHQW

6HDUFK

$GYHUWLVHPHQW

5HDG ODWHU

2FWREHU -DPHV %DOGZLQ (UURU (PDLO DUWLFOH

6KDUH

VXEPLW WR UHGGLW

3ULQW

$GV E\ *RRJOH

9LGHR &RQYHUWHU IRU 0DF ZZZ PRYDYL FRP YLGHRFRQYHUWHUPDF &RQYHUW $OO 9LGHR $XGLR )RUPDWV (DV\ WR 8VH +LJK 4XDOLW\ 7U\ 1RZ

$OEXP 5HYLHZ 0$175$ 7HOOLQJ 6FHQHV 7HQ WR 7ZR 5HFRUGV

0RVW SRSXODU 5DFKHO *ULIILWKV WR SOD\ -XOLD *LOODUG LQ 79 GUDPD

)R[ )0 QDPHV )LIL %R[ 'DYH 7KRUQWRQ WR UHSODFH 0DWW

$GDP %RODQG D FRPSOH[ ILJXUH

%ORRG\ $FUHV RQH RI $GV E\ *RRJOH

&RPSDUH +RPH /RDQ 5DWHV 5DWH&LW\ FRP DX &RPSDUH +RPH /RDQV &RPSDUH +RPH /RDQ 5DWHV 6ZLWFKLQJ 3URYLGHUV ,V (DVLHU 7KDQ <RX 7KLQN

7DLORUHG +RPH /RDQV ZZZ KDUYHVW ILQDQFLDO FRP DX 6HFXUH D ORZ UDWH WRGD\ )URP 5HILQDQFH WRGD\ /RZ 5DWH +RPH /RDQV ZZZ ORDQV FRP DX 1R $SSOLFDWLRQ )HHV 5HGUDZ 3XUFKDVH RU 5HILQDQFH $SSO\ 1RZ

WKH PRVW LOOHJDOO\ GRZQORDGHG

/DG\ *DJD WR JR LQWR VSDFH" %XW RI FRXUVH

/DWHVW DOEXPV SHUIRUPDQFHV

+20(

/ 2&$7, 21

1(:6

9, &725, $

*,*6 )($785(6 9,'(2 3+2726 / ,9( 5(9,(:6 $/ %80 5(9,(:6 )2580 %$1'6

68%6& 5, %( 72 285 0 $, / , 1 * / , 67 ( 0$, / $' ' 5( 66

6XEVFULEH

) 5, ' $< 2&72%( 5 _ %< .</ , ( &2;

ȱ ¢

ȱ ȱ ȱ ¢ȱ ȱ ȱ

Ȃ ȱ ȱ ¢ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ¢ȱ ǰȱ ȱ ȱ ȱ ¢ȱȬȱřȱ Ȃ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢Ȃ ȱ ǰȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱŘŝȱ ȱ ȱŘȱƙȱ ȱ ȱ ȱ ǯȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǯ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ȱ ǰȱ ȱ ȱ ȱ ȱ ȱ ȱ ǯȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ¢ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǯȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǯ ȱ ȱ ȱ ǰȱ ȱ ȱ ȱ £ ȱ¢ ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǰ ȱ ȱ ȱ ȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱȁ ȱ ¢ȱ Ȃǯ ȱ ȱ ȱ ȱ ȱȁ ȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ Ȃ ȱ ȱ ȱ ȱ ȱ ǰȱ ȱ ¢ ȱ ȱ ¢ȱ ¢ǰȱ Ȃ ȱ ȱ ǯȂȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ ȱ ǰȱ ȱ ȱ ȱȁ ȱ Ȃȱ ȱ ȱ ȁ ǯȂ ¢ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ȱ ȱ ȱȁ ȱ ȱ ȱ ȱ Ȃǯȱ ȱ¢ ȱ Ȃ ȱ ȱ ¢ȱ ǰȱ ȱ¢ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¡ ȱ ȱ ȱ ¢ ȱȮȱ ǰ ǰȱ ȱ ȱ ȱ ȱ ȱ ȱ ǰȱ ȱ ǰȱ ǯ ȱ ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ¢ȱ ȱ ȱ ¢ǯȱ ȱ ££ ȱ ȱ ȱ ȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ȱ ǯȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǯȱ ȱ ȱ ȱ ȱ ȱȁ ȱ ¢Ȃ ȱ ¢ ȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ǯ ȱ ȱ ¢ȱ ȱ ¢ ǰȱ ȱ ȱ ȱȁ ȱ ¢ ȱ ¢Ȃǯȱ ȱ ȱȁ ȱ Ȃȱ ȱ ǰȱ ȱ ¢ȱ ȱ ȱ ȱ

5 (/$7 (' % $1'6 &5( $7( $1 $&&28 1 7 72 ) 2/ / 2: 7+ ( 6( $&76 5( &( , 9( 8 3' $7( 6 21 7+ ( 0 $6 5( / $7( ' &21 7( 1 7 , 6 $1 1 28 1 &( '

0DQWUD _ 566 )HHG 6HWK 6HQWU\ _ 566 )HHG *UH\ *KRVW _ 566 )HHG

5 (/$ 7 (' 9 (18(6

&RRODQJDWWD +RWHO _

566 )HHG

2 7 + (5 5 (/$7 (' $5 7 ,& /(6

6HWK 6HQWU\ V 'ULYLQJ +LV 2ZQ &DUHHU :LQQHUV $QQRXQFHG )RU 7KH &DUOWRQ 'U\ ,QGHSHQGHQW $ZDUGV *UH\ *KRVW $QQRXQFHV 7KH (OL[LU 7RXU 6SUXQJ +LS +RS )HVWLYDO $QQRXQFHV %ULVEDQH 6HW 7LPHV 0DSV ,QGHSHQGHQW 0XVLF $ZDUG 1RPLQDWLRQV $QQRXQFHG 9LROHQW 6RKR %LJ 6FDU\ DQG 5h)h6 WR 3HUIRUP DW $,5 ,QGHSHQGHQW 0XVLF $ZDUGV 5ROOLQJ 6WRQH 3RS 8S 9HQXH LQ 6\GQH\ 6HWK 6HQWU\ $QQRXQFHV 9DFDWLRQ 7RXU 6HWK 6HQWU\ 'UDSKW 6HWK WR +HDGOLQH 6SUXQJ )HVWLYDO

ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȇ ȱ ǯ ȱ ǰȱ ȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ¢ ǯ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǰȱ ȱ ¢ȱ ȱ ȱ ȱ ȱ ȱ ǯȱ ǰȱ ȱ ȱ ǰȱ ¢ȱ ȱ ǰȱ ǰȱ ȱ ȱ ǰȱ ǰȱ ȱ ǰȱ ȱ ǰ ȱ ȱ ¢ȱ ǲȱ ȱ ȱ ȱ ȱ ȱ Ƿȱ ȱ ȱ ¢ȱ ǰȱ ȱ ¢ ȱ £ Ƿ ȱ ȱ £ ȱ ǰȱ ȱ ȱ ȱȁ ȱ ȱ Ȃǰȱ ¢ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱȁ ȱ Ȃȱ ȱ ȱ ȱ ¢ ȱ ȱ ȱ ȱ ǯ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǰȱ ȱ ££ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ǰ ȱ ȱ ȱ ȱȁ ȱ Ȃȱ ȱ ¢ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱȁ ȱ Ȃǰȱ ȱ ȱ ȱ ȱ ȱ ǰȱ ȱ ȱ ȱ ȱ ȱ ȱ ȱȁ Ȃǰȱ ȱ ȱ ȱ £ ȱ ǯ

6XQGD\ 1RY

'R \RX NQRZ PRUH DERXW D VWRU\"

5HDO (VWDWH

&DUV

-REV

'DWLQJ

1HZVOHWWHUV

)DLUID[ 0HGLD 1HWZRUN

0DQWUD 7HOOLQJ 6FHQHV 5HDG ODWHU

2FWREHU -DPHV %DOGZLQ

VXEPLW WR UHGGLW (PDLO DUWLFOH

3ULQW

$OEXP 5HYLHZ 0$175$ 7HOOLQJ 6FHQHV 7HQ WR 7ZR 5HFRUGV

Ã²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

&XUUHQW MREV &XVWRPHU 6HUYLFH 2IILFHU 3HUWK &%' :$ $GHFFR 6HUYLFHV 9LHZ -RE 5HFUXLWPHQW &RQVXOWDQW 3HUWK &%' :$ 0LFKDHO 3DJH

5HFRPPHQGHG IRU \RX :KDW LW V OLNH WR EH D SHUVRQDO VKRSSHU IRU WKHÂ«

)URP $URXQG WKH :HE +HLGL .OXP DQG 6HDO V 8QXVXDO 0DUULDJH 5HYHDOHG =LPELR

)XQ 7KLQJV %HVW *ODPRXU 6KRW 7HFKQLTXHVÂ«

:KDWHYHU +DSSHQHG 7R 7KH :RQGHU <HDUV :LQQLHÂ« =LPELR

.ULVWHQ 6WHZDUW V $VWRXGLQJ %ODFN /DFH -XPSVXLWÂ« $PXVLQJ /RVW LQ 7UDQVODWLRQ )DLOV

6W\OH%LVWUR

:K\ /LVD :LONLQVRQ ZDONHG RII WKH 7RGD\ VHW 7KH $JH

(PEDUUDVVLQJ %RGLHV 'RZQ 8QGHU UHFDS $UH $XVVLHVÂ«

1RW DOO $XVVLHV ZHOFRPH DW (QJOLVK 3UHPLHU /HDJXHÂ« 7KH $JH

>"@

VXEPLW WR UHGGLW (PDLO DUWLFOH

3ULQW

É&#x201A;$ 3 + 5 $ :ULWLQJ IRU ORYHÇ°

+RPH

)HDWXUHV 3URILOHV

,QVLJKWV

0XVLF

$UWV &XOWXUH

&RQWULEXWRUV

&RQWDFW 8V

0DQWUD 7HOOLQJ 6FHQHV 5HYLHZ %\ $OH[ +DUYH\ %DFN HQKDQFLQJ KLV VROR UHSHUWRLUH ZLWK D QHZ /3 LV 0HOERXUQH HPFHH 0DQWUD 7HOOLQJ 6FHQHV LV D FODVV\ DQG ZHOO UHILQHG \HW VWLOO VWUHHW OHYHO JULWW\ DOEXP ZKLFK FRPSOHWHV 0DQWUD V 3RZHU RI WKH 6SRNHQ WULORJ\ )RU DQ\RQH VHHNLQJ WR XQFRYHU TXDOLW\ UHFRUGLQJV DPLGVW WKH LQFUHDVLQJ GLYHUVLW\ RI +LS +RS IURP $XVWUDOLD VKRXOG ORRN QR IXUWKHU WKDQ WKLV DOEXP DV D JUHDW SRLQW RI HQWU\ DQG SHRSOH PRUH IDPLOLDU ZLWK WKH EHDWV UK\PHV DQG OLYHV RI $XVWUDOLDQ +LS +RS DUWLVWV ZLOO LPPHGLDWHO\ UHFRJQLVH WKDW WKLV LV RQH RI WKH FRXQWU\ V ILQHVW O\ULFDO DUWLVWV GRLQJ ZKDW KH GRHV EHVW 6WUDLJKW RII WKH EDW WKH VRXQGVFDSHV DQG DXGLR FDQYDVHV VRPH RI ZKLFK 0DQWUD KLPVHOI FUHDWHG WKDW SURYLGH WKH EDFNGURS IRU WKH HPFHHÂ·V FODVVLF PXOWLV\OODELF DQG LQWHOOLJHQW YRFDOV HQVQDUH WKH OLVWHQHU WR WDNH LQ WKH DOPRVW FLQHPDWLF QDWXUH RI WKLV /3 DQG DUH D OHYHO DERYH WKH KLS KRS EHDWV XVHG E\ PDQ\ RWKHU $XVWUDOLDQ HPFHHV

:KHQ LW FRPHV WR O\ULFV WKLV JX\ KDV RQH RI WKH QLFHVW IORZV WKLV VLGH RI WKH HTXDWRU 7R WRS WKDW RII DOWKRXJK QRW KXJH RQ SXQFK OLQHV GRXEOH HQWHQGUHV DQG VRPH RWKHU SOD\IXO IRUPV RI UK\PLQJ FRPPXQLFDWLRQ 0DQWUD V UK\PHV FDQ SDLQW PHQWDO SRUWUDLWV ULFK LQ IHHOLQJ HPRWLRQ YLEH DQG DOO WKDW RWKHU GHHS VWXII VHH Â¶/HDUQ <RXU /DQJXDJHÂ· DQG Â¶)LJKWLQJÂ· $VLGH IURP WKH PRUH HPRWLYH WUDFNV RQ 7HOOLQJ 6FHQHV RI ZKLFK WKHUH LV DQ DPSOH DPRXQW 0DQWUD LV QRW LPSDUWLDO WR KDYLQJ D ELW RI IXQ ZLWK KLV PXVLF DV LV HYLGHQW RQ KLV PRUH OLJKW KHDUWHG \HW QR OHVV KDUG KLWWLQJ VLQJOH /RXGPRXWK DQG WKH KXPRURXV VNLW IHDWXULQJ 0DQWUD V OLWWOH EURWKHU Â¶:KR V <RXU )DYRXULWH 5DSSHU"Â· 6RPH RI WKH PRVW LQWHUHVWLQJ WUDFNV IRXQG RQ WKH DOEXP DUH (QHUJ\ D FROODERUDWLRQ ZLWK OHJHQGDU\ 6ZHGLVK HPFHH 3URPRH 0HOERXUQLDQ *UH\ *KRVW RYHU D JUHDW IXWXULVWLF UHJJDH EHDW D SURGXFWLRQ VW\OH WKDW VHHPV WR EH D IDYRXULWH RI 3URPRH V

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Â¶7HOOLQJ 6FHQHVÂ· ZKLFK FKDPSLRQV WKH SRZHU RI RQH SHUVRQ WR PDNH FKDQJH DQG HFKRHV WKH SHRSOHÂ·V Â¶2UDQJH 5HYROXWLRQÂ·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Â· RI 0DQWUD V 3RZHU RI WKH 6SRNHQ WULORJ\ , VD\ FRS WKLV KLJKO\ UHILQHG SLHFH RI PXVLFDO FRPPXQLFDWLRQ DQG DOVR EH VXUH WR PDNH LW WR D 0DQWUD JLJ KLV SUHHPLQHQFH LQ +LS +RS LQ WKLV FRXQWU\ LV QRW MXVW EHFDXVH KH PDNHV JRRG UHFRUGLQJV KH DOVR URFNV D PHDQ OLYH VKRZ

MANTRA With two albums under his belt and a tour underway, you’re an idiot not to keep your eye on Mantra. Benny Thompson had a chance to catch up with the popular rapper at a Melbourne show.

irst off, congrats on the really big accolades, Telling Scenes has debuted at number one on the AIR independent charts, number three on the Australian Album chart, and number one on the Urban chart, you’ve got to be feeling pretty good about that? Yeah dude, we’re totally stoked. I was saying to someone recently I kind of go into these sorts of situations without expectations, you know? The higher your expectations are, the easier it is to be disappointed, and you can often do yourself an injustice that way. I just wanted to give people the best album I could. So yeah, when that response came back and we saw just how good the week had been, we were blown away, and really, really, really happy. Does it feel nice getting so much credit from the music industry, with people like Rolling Stone saying it’s one of the biggest hip hop albums of the year, or do you wait to see the response from the fans and let that be the gauge on how well you’ve done?

POSITIVE AND PROGRESSIVE HIP-HOP 16

Yeah, the accolades from the industry are always very much appreciated, and obviously when someone like Rolling Stone vouches for you and says the things that they did there is an enormous sense of pride. Or when artists you admire pick you out as one of their favourites, these are things that definitely feel great, you know? But I think you’ve definitely got to take all those things with a grain of salt and not let them dictate how you feel > 17

about your own music. As you say, it’s the fans that are the most important, because if you’re not reaching those people then you’re kind of missing the purpose. So industry stuff is obviously great, and makes you feel really really good, but for me the real measure is standing on stage and looking down and seeing someone rapping the lyrics to your songs, or when you meet someone after the show and they tell you of an experience with your music that might have helped them out in their life, that immediate impact from the people, listening and connecting with you, that’s the mark right there. That’s awesome man. ‘Break Tradition’ is the single out at the moment, and it’s a bit different from ‘Loudmouth’, the first single. It brings a bit more of a serious vibe, and it’s obviously a track you’ve invested yourself into. I put a lot of thought and care into writing the song, yeah. And it is totally different from ‘Loudmouth’, because there is a much darker tone to it, and a much more serious message. But it’s also very different because ‘Loudmouth’ is speaking directly on behalf of myself, and talking about how I’d grown up, where as in ‘Break Tradition’, I’m kind of talking about other people’s stories. I was a bit apprehensive ‘cause whenever you do something like that, you’ve got to make sure you’re not insensitive to anyone’s situation. And you want to make sure that the message doesn’t come off contrived or preachy or not genuine in any way. So I was careful of that, but the song was inspired by stories I’ve heard from some of the young people I work with. It’s a really common story, that instilled sense of aggression, and that cycle of violent behaviour that never really gets broken. It’s something I’ve wanted to speak about for a long time, and a felt like now was the time to do it. The film clip is amazing as well dude, I really liked the use of dance, which is something I 18

don’t say about many film clips. It conveyed the message really well and obviously the director has put a lot of themself in it too. Yeah, Claudia, the director, did an amazing job. She really had the vision and we worked on that story together. I had a vague idea of what I wanted to include, I knew I wanted some abstract elements, contemporary dance or something along those lines, so I came to her with a few basic ideas. She had a few really good ideas herself, and we sat down and just did it. She has a great eye for aesthetics and knew a bunch of the shots she wanted. It is a very aesthetically beautiful film clip. The backdrop of the story is you building this epic, artistic kind of puzzle or sculpture. How much time did you guys put into that? Dude, couldn’t have done that without Claudia and the amazing team that worked on that for ages. That whole thing is meant to represent a Mandala. A Mandala being a traditional artwork which actually represents a mantra. That’s meta as shit dude. Yeah totally! It’s really fitting. But the reason we wanted to do that is it’s like a traditional, repetitious art form, and the point of a Mandala is it’s created by repetition, which is exactly what we’re talking about in the song. And when someone is done creating a Mandala they sort of destroy it and get rid of it. Not in a violent or an aggressive way, but to give themselves a chance to start again. So that was a metaphor for the whole song and breaking that tradition. I know social justice and youth work are both passions of yours, and I know you also like to bring a lot of those topics to your music. What is one of the bigger issues that you think Australian youth face? > 19

Family abuse and domestic violence is definitely one that I thought was kind of invisible and I know Family abuse and domestic violence is definitely one that I thought was kind of invisible and I know that before I started working with young people it was something I was pretty unaware of. It was a big, eye-opening experience just to see how hard some kids had it. I live in Melbourne and most of the people you see out and about are reasonably well off, everyone’s got what they need, everyone’s paying rent, everyone’s eating, and so it’s really easy to be blind to the people who are struggling and doing it hard. I think there’s lots of issues that are due to be raised, especially with young people, and so I definitely think it is up to artists and individuals to raise issues that they think are important.

Nice man. Alright, a couple of quick-fire questions. If you could have a superpower what would it be?

Sounds like a call to arms! Okay, let’s lighten the tone a little bit. What’s the best bit about doing music for a living?

If you could play with any three musical acts from history who would they be?

I can only speak on behalf of myself, but it’s kind of the only thing I’ve ever really been good at, and secondly, it’s the thing that I enjoy doing most in the whole world, so even though doing it for a living can be tough, and you’ve got to work your arse off every day, and even though most of it has nothing to do with music, I do all that work happily because I know there’s nothing I’d rather be doing. What do you get up to in your spare time man? Shit dude, I don’t even remember what spare time looks like [laughs]. I love movies, I love books, I’ve been trying to read a lot in my spare time, trying to get around to some classics I’ve never read. I’ve been doing lots of other writing recently too, writing stuff outside of music, stories, poems and the like, just for myself, just for fun. And hanging out with my people. Tours and stuff make it hard for you to see people whenever you want, so whenever possible I try to maintain those friendships. 20

Fuck! Shit, I don’t know man. Actually, teleportation. That would be amazing. I agree man. Flying would be cool, but I couldn’t say no to just like ‘click’ and I’m in Barcelona. Or if you forgot your keys, or got busted in a smoke spot, boom, gone. Exactly dude! The list of benefits goes on and on! We’re killing this man! [laughs]

Otis Redding would definitely be number one. Then I reckon Notorious B.I.G, that would be amazing. And I’d have to say Led Zeppelin. Dude, that would be a fucking awesome show to see! Imagine if we formed a super group! Shit, that would be the best! If you could erase a musical act from time, who would it be? That is a brutal question! Absolutely brutal, and it would definitely have to be Michael Buble. Okay dude, before we wrap it up, touring around with dudes like Grey Ghost and Seth Sentry, you must have a couple of pretty good tour stories? One of the more interesting moments was when we played at this venue in Bendigo. They’d just finished refurnishing the place and when we got there they were literally still painting and stocking

the bar and everyone was crazy stressed out there cause they had so much to do. It was this massive band room, but it was sort of divided down the middle by a curtain, and they were running the two sides of the room as two different venues. So there’s us on one side; a show full of rowdy hip-hop heads and on the other side happened to be Bendigo’s biggest gay night. Like a raging hardout gay-club, and it was going off too! Techno club beats, dancing, sweating. And we had to walk through both of these “venues” to get to our dressing room. We walk through our side and we get bombarded by these drunk hip-hop heads wanting to take photos and chat and that would take us a while, and then we’d get on the other side of the curtain and have to wade through this heaving dance floor of dudes just going absolutely mental. But what’s awesome was that there was a balcony smoking area that was for both venues, but it was divided down the middle so you couldn’t just jump between venues, and all the rowdy hiphop heads are on one side, and all the dudes from

the gay night were on the other, and they all just kind of got along really well. They had like mad conversations and were laughing, chatting, smoking cigarettes. I came outside and I was like, ‘this is a beautiful thing!’ So that was one of the more surreal nights of the tour, for sure. Music, always bringing people together! Nice one man! It’s been wicked talking to you dude, we appreciate the time. Before you go, Last word from Mantra? I’ve been thinking about this recently, people often comment negatively on the state of music, especially hip hop and think their reasons for doing so are sometimes quite valid, but I think there’s always enough good music out there to listen to, so please stop complaining about the bad music and go make some good music yourself, or go buy an album of someone worth listening to who needs the money. > Benny Thompson

M EDIA CO VERAGE â&#x20AC;&#x201C; RADIO & TV

11A Balmerino Avenue Toorak, VIC Australia 3142 | ABN 68 919 686 054 www.parisispatient.com.au - Commercial in Confidence

)R[WHO FRP DX

3VNPU

0\ )R[WHO

'RZQORDG )R[WHO *R

3DFNDJHV 'HDOV

-PUK \Z VU!

9LNPZ[LY

+20(

6SHFLDO 2IIHU

&RXOGQ W ORDG SOXJ LQ

(3,62'(6

9,'(26

35(6(17(56

+20( ! (3,62'(6 ! 5(&$3 7+ 2&72%(5 ± 0$175$ ,17(59,(:

5(&$3 7+ 2&72%(5 ± 0$175$ ,17(59,(:

4HU[YH JHTL HUK OHK H JOH[ ^P[O 4HY[` HUK WLYMVYTLK Âº3V\K 4V\[OÂ» SP]L VU ;OL 9PMM *OLJR V\[ [OL ]PKLVZ ILSV^ :PULHK 6Â»*VUUVY WLUZ VWLU SL[[LY [V 4PSL` *`Y\Z :H`Z [OL T\ZPJ PUK\Z[Y` PZ [Y`PUN [V WYVZ[P[\[L OLY 6Y TH`IL P[Â»Z YLHSS` OLY V^U KVPUNÂ¯ 0U V[OLY 4PSL` YLSH[LK UL^Z ZVTLVUL HJ[\HSS` NV[ [OPZ MHU [H[[VV 6UL +PYLJ[PVU ZL[ MVY ZL]LU OV\Y SP]L IYVHKJHZ[ S\JR` MVY +PYLJ[PVULYZ P[Â»Z VU H ^LLRLUK ;OL YLZ[ VM \Z ^PSS Y\U HZ MHY H^H` MYVT V\Y ;=Z HZ WVZZPISL ;VKH`Â»Z 4VZ[ 9LX\LZ[LK JSPWZ

9<+04,5;(3 Â¶ 90./; /,9,

/(04 Â¶ ;/, >09,

( (7 96*2@ Â¶ -(:/065 2033(

4(9;05 .(990? Â¶ (504(3:

(=0*00 Â¶ Â¸@6< 4(2, 4,

402, >033 4(+, 0; -; 403,@ *@9<: >0A 2/(30-( 1<0*@ 1 Â¶

*(70;(3 *0;0,: Â¶ :(-, :6<5+

2Q 'HPDQG %HWD

%DFN WR SURJUDPV

7KH 'URS ZLWK -R\ULGH 6YPNPUHS (PY +H[L! ;OL ILZ[ PU UL^ /PW /VW (\ZZPL

7SH`SPZ[ HUK TVYL PUMV

(SLVRGHV 3URJUDP IRU 3URJUDP IRU 3URJUDP IRU 3URJUDP IRU

EDFN WR PHQX 6 $7 8 5' $< 6 ( 37 ( 0 %( 5 SP

2) 02167(56 $1' 0(1 /LWWOH 7DONV $,5 $OO , 1HHG 02%< :K\ 'RHV 0\ +HDUW )HHO 6R %DG" 0,&+$(/ -$&.621 0DQ ,Q 7KH 0LUURU $%%$ .QRZLQJ 0H .QRZLQJ <RX

$5&7,& 021.(<6 &U\LQJ /LJKWQLQJ )2$/6 %OXH %ORRG 7+( .,//6 )XWXUH 6WDUWV 6ORZ 7+( 5$9(21(77(6 $WWDFN 2I 7KH *KRVW 5LGHUV (9(5<7+,1* (9(5<7+,1* &RXJK &RXJK 48((16 2) 7+( 6721( $*( 0DNH ,W :LW &KX 6(38/785$ $ULVH -$&. :+,7( , P 6KDNLQ

7+( -(686 DQG 0$5< &+$,1 1HYHU 8QGHUVWDQG $ 3/$&( 72 %85< 675$1*(56 ,Q <RXU +HDUW ,17(532/ 1R , ,Q 7KUHHVRPH 0(: ,QWURGXFLQJ 3DODFH 3OD\HUV .,1*6 2) /(21 .LFNV .,1*6 2) /(21 &KDUPHU %(//( DQG 6(%$67,$1 /HJDO 0DQ )5$1= )(5',1$1' 'R <RX :DQW 7R .$,6(5 &+,()6 1HYHU 0LVV $ %HDW

7+( .22.6 1DLYH %/85 3DUNOLIH %-25. +XPDQ %HKDYLRXU 7+( %5,$1 -21(672:1 0$66$&5( %ULQJ 0H 7KH +HDG 2I 3DXO 0F&DUWQH\

3,1. )/2<' 8V $QG 7KHP 1 ( 5 ' 6KH :DQWV 7R 0RYH DP

75,&.< 0RQH\ *UHHG\ 3257,6+($' 0DFKLQH *XQ 5$',2+($' /RWXV )ORZHU 7+( 1$7,21$/ 0LVWDNHQ IRU 6WUDQJHUV -216, $QLPDO $ULWKPHWLF *5,==/< %($5 7ZR :HHNV %-25. +XQWHU )5$1. 2&($1 3\UDPLGV

6,*85 526 9LRUDU 9HO 7LO /RIWDUDVD 0$66,9( $77$&. 6SOLWWLQJ 7KH $WRP -81,25 %2<6 /LNH $ &KLOG )(,67 7KH %DG ,Q (DFK 2WKHU

)(,67 +RZ &RPH <RX 1HYHU *R 7KHUH -26( *21=$/(= .LOOLQJ )RU /RYH 1(,/ <281* /,9( 7KH 1HHGOH DQG 7KH 'DPDJH 'RQH 287.$67 5RVHV %($67,( %2<6 5RRW 'RZQ

%($67,( %2<6 5RRW 'RZQ %($67,( %2<6 7KH 5DW &DJH '$7$52&. &RPSXWHU &DPS /RYH /&' 6281'6<67(0 6RPHRQH *UHDW DP

52<.6233 IHDWXULQJ 52%<1 7KH *LUO $QG 7KH 5RERW -867,&( '912 +27 &+,3 2QH /LIH 6WDQG 75$9,6 &ORVHU 7KH &$5',*$16 %HHQ ,W 7+( &$5',*$16 , 1HHG 6RPH )LQH :LQH $QG <RX <RX 1HHG 7R %H 1LFHU

)/25(1&( DQG 7+( 0$&+,1( 6KDNH ,W 2XW 1,&. &$9( DQG 7+( %$' 6(('6 %UHDWKOHVV DP

720 :$,76 6KHOOV )URP $ 2XJKW 6L[ 7+( .,1.6 :DWHUORR 6XQVHW 287.$67 6R )UHVK 6R &OHDQ 6&227(5 6KDNH 7KDW -$0,5248$, &DQQHG +HDW %('28,1 6281'&/$6+ :DOOV )DOO 'RZQ 0,'/$.( <RXQJ %ULGH (0,/,$1$ 7255,1, %LJ -XPSV

2) 02167(56 $1' 0(1 0RXQWDLQ 6RXQG 2) 02167(56 $1' 0(1 .LQJ $QG /LRQKHDUW 2) 02167(56 $1' 0(1 /LWWOH 7DONV 7+( '521(6 , 6HH 6HDZHHG 3($5/ -$0 0LQG <RXU 0DQQHUV 3/$&(%2 7RR 0DQ\ )ULHQGV

321' 2 'KDUPD $5&7,& 021.(<6 :K\ G <RX 2QO\ &DOO 0H :KHQ <RX UH +LJK" ),'/$5 &RFDLQH 1$1&< 9$1'$/ )ORJJLQJ $ 'HDG 3KRHQL[ 7+81'$0(17$/6 6PLOHV 'RQ W /LH 0$-25 /$=(5 IHDWXULQJ 3($&+(6 DQG 7,0%(5/(( 6FDUH 0H 7+( &+,/' 2) /29 )O\ -$&.621 DQG +,6 &20387(5 %$1' 'HDG /LYLQJ 7KLQJV

63,'(5%$,7 6WUDLJKW 7KURXJK 7KH 6XQ %$66 '580 2) '($7+ 6KDWWHUHG 0H 7$/(6 ,1 63$&( ,Q $ 0LOOLRQ 3ODFHV $W 2QFH )$6&,1$725 *LUO , :DQW $1'< %8// %DE\ , $P 1RERG\ 1RZ 02%< IHDWXULQJ &2/' 63(&.6 $ &DVH )RU 6KDPH 7+( 1$7,21$/ *UDFHOHVV %(//( DQG 6(%$67,$1 <RXU &RYHU V %ORZQ 0LDRX[ 0LDRX[ 0L[

7+( -81*/( *,$176 6NLQ 7R %RQH (6.,02 -2( , *RW :KDW <RX 1HHG 0$175$ %UHDN 7UDGLWLRQ 7+( $9$/$1&+(6 6WDONLQJ 7R $ 6WUDQJHU 3ODQHWV &ROOLGH 5HPL[ 6/(,*+ %(//6 %LWWHU 5LYDOV $1,.$ ,Q 7KH &LW\

/21'21 *5$00$5 6WURQJ 7+( .1,)( $ 7RRWK )RU $Q (\H 52/$1' 7,1*6 7RPLWD V %DVHPHQW $5&$'( ),5( 5HIOHNWRU

EDFN WR PHQX )5, ' $< 6 ( 37 ( 0 %( 5 SP

3($5/ -$0 6LUHQV

&$/(;,&2 6SOLWWHU

3$3$ <RXQJ 5XW '$)7 381. IHDWXULQJ 3+$55(// :,//,$06 /RVH <RXUVHOI 7R 'DQFH .$/< /,9( '8% $OOD[LV 0$&+,1( 75$16/$7,216 %URNHQ $UURZV )2$/6 %DG +DELW <281* /,216 %HIRUH 7KH 6WRUP 62,/:25. 5LVH $ERYH 7KH 6HQWLPHQW '($5 5($'(5 7RRN 7KHP $ZD\ DP

7+20$6 '<%'$+/ 0DQ 2Q $ :LUH )$6&,1$725 8SVWUHDP 7+( &$,526 2EVHVVLRQ 1$<6$<(5 DQG *,/681 %OXH 7+( 2&($1 3$57< 6SOLW 7+( ,17(51(7 'RQWFKD 0*07 &RRO 6RQJ 1R

-$'$*5$&( 5XQ 'DW %DFN :,/' %(//( $QRWKHU *LUO ).$ 7:,*6 3DSL 3DFLI\ .251 1HYHU 1HYHU +,*+ 7(16,21 0RXQWDLQ 2I 'HDG &$8/),(/' 6RXU *UDSHV $6721 6+8))/( 7+( IHDWXULQJ :,// +($5' &RPIRUWDEOH +(< *(521,02 /D]HU *XQ 6KRZ

/(67(5 7+( ),(5&( +RZO $026 /(( 7KH 0DQ :KR :DQWV <RX (6.,02 -2( , *RW :KDW <RX 1HHG *(25*( ),7=*(5$/' , &DQ 7HOO /85&+ DQG &+,() :H $UH 7KH 6DPH 0,&+(/ &/(,6 +H\ /DG\ /XFN 63,'(5%$,7 6WUDLJKW 7KURXJK 7KH 6XQ 0$175$ %UHDN 7UDGLWLRQ

(0,1(0 %HU]HUN 62/$1*( /RYHUV ,Q 7KH 3DUNLQJ /RW 7+( '521(6 , 6HH 6HDZHHG %/22' 25$1*( &KDPDND\ )5$1= )(5',1$1' /RYH ,OOXPLQDWLRQ 3/$&(%2 7RR 0DQ\ )ULHQGV

+22.:2506 $ZD\ 7RZDUGV )$7+(5 -2+1 0,67< , P :ULWLQJ $ 1RYHO 780%/(:((' /LNH $ 1LJKW 2ZO 3($5/ -$0 0LQG <RXU 0DQQHUV 5$& IHDWXULQJ .(/( $QG 01'5 /HW *R .,1*6 2) /(21 6XSHUVRDNHU %$66 '580 2) '($7+ 6KDWWHUHG 0H

$5&$'( ),5( 5HIOHNWRU 0 , $ %ULQJ 7KH 1RL]H .$1<( :(67 %ONNN 6NNNQ +HDG