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/;03@B A :/E /;7</@ /<2 BC@0C:3<B 4:=E /A3@ /BB713 /BB713 >=B3<B7/: /BB713 D70@/B7=< /C3 /C3 ;3B6=2 /E =4 /E =4 /0A=@>B7=< /E =4 1=63@3<13 /E =4 @/C<6=43@ /<2 @3A<3: /E =4 CG53<A >@7<17>:3 /E =4 7<2C1B7=< /E =4 7<B3@43@3<13 /E =4 :/A3@ /EA =4 G@=A1=>3A /G3@ B6719<3AA 3<</@2 =<3A $=B3<B7/: 3<A3A 3<H A :/E 3D3@ 756B D3:=17BG 7;7B =4 3:/AB717BG 7;7B D/:C3 ;=<7B=@7<5 7<3/@ 3F>/<A7=< 7<3/@:G 7>>716 >=:/@7H3@ 7BB@=E >@7A; =/232 B@/<A4=@;3@ =1/: 3<A7BG #4 'B/B3A #' =5/@7B6;71 231@3;3<B =<57BC27</: =<57BC27</: /<2 B@/<AD3@A3 =@3<BH 4=@13 =@3<BH B@/<A4=@;/B7=< =@3<H <C;03@ =AA @3A7AB/<13 =E >/AA C;7</<13 C;7<=CA 4:CF C;7<=CA 7<B3<A7BG
!/16 .36<23@ 7<B3@43@=;3B3@ !/5<3B71 2/B/ AB=@/53 !/5<3B71 473:2 !/5<3B71 473:2 =4 1=7:A !/5<3B71 473:2 AB@3<5B6 !/5<3B71 4:CF !/5<3B71 4:CF 23<A7BG !/5<3B71 =@13 !71@=A1=>G ! ! !/5<3B71 4=@13A !/5<3B71 @3A7AB/<13 !/:CA :/E !/AA /0A=@>B7=< 1=3447173<B !/AA /BB3<C/B7=< 1=3447173<B !/B3@7/: 1=<B@/AB !/B673 A @C:3 !/B@7F 34431BA !/FE3:: 3?C/B7=<A !3/< :743B7;3 =4 / ;3B/AB/0:3 AB/B3 !3/AC@3 !3/AC@3;3<B /11C@/1G !316/<71/: 3?C7D/:3<B =4 63/B !316/<71/: 4=@13 !316/<71/: 6GAB3@3A7A !316/<71/: A1/<<3@ !316/<71/: E=@9 !3:B7<5 !3B/: ;71@=A1=>G !3B/::71 47:; @3A7AB=@ !3B/::=5@/>671 >6/A3A !3B/::=5@/>671 >@3>/@/B7=< !3B/:A !7163:A=< 7<B3@43@=;3B3@ !71@=5@/>6G !7::3@ 7<2713A !7FBC@3 B3;>3@/BC@3 !=07:7BG !=2C:CA =4 3:/AB717BG !=6@ 0/:/<13 !=:3 D=:C;3A !=;3<B !=;3<B =4 7<3@B7/ !=;3<BA !=<=16@=;/B7H/B7=< =4 , @/GA !=<=;=23 /<2 ;C:B7;=23 470@3 !=A3:3G A :/E !C:B7 16/<<3: /</:GA3@A !C:B7>:3 03/; 7<B3@43@3<13 !C:B7>:3 @34:31B7=<A
3F13::3<13 7< A173<13
"/<= 7;/57<5 "/<= ;/5<3B71A "/<= ;316/<71A "/<=;=@>6=:=5G "/<=B316<=:=5G "/BC@/: 4@3?C3<1G "3/@ 473:2 :3<5B6 "3@<AB 3?C/B7=< "3EB=< A 1=:=C@ 5:/AA "3EB=< A :/EA "3EB=< A @7<5 />>/@/BCA "3EB=<7/< :7?C72 "3G3@ "3:23: &C:3 "=< 23AB@C1B7D3 B3AB7<5 " ( "=@;/: /:: 34431B "( "C;3@71/: />3@BC@3 "CB/B7=<
#0831B 03/; #6; A :/E #6;71 @3A7AB/<13 #>3@/B7<5 >=7<B #>B71 /F7A #>B71/: /1B7D7BG #>B71/: >/B6 :3<5B6 #>B71/: >C;>7<5 #>B71/: @3A=</B=@ #>B71/: @=B/B=@G >=E3@ #@27</@G /<2 3FB@/=@27</@G @/G #@757< =4 1:7;/B71 4:C1BC/B7=<A #A17::/B7<5 17@1C7B #A17::=A1=>3
> < 8C<1B7=< $/@/0=:=72 =4 @=B/B7=< $/@/::3: 1=<2C1B/<13 $/@/::3: 1=<<31B7=< $/@/::3: A>@7<5A $/@/::3: ( 47:B3@A $/@/::3: BC<32 17@1C7B $/B6 27443@3<13 $/C:7 ;3B6=2 $373@: A (63=@3; $373@: A (@/<A7B7=< $3:B73@ 1=3447173<B $3:B73@ 34431B $ ! 3:31B@=:GA3@ $ ! 4C3: 13:: $3@7=2 ;C:B7>:3A $3@7=271 AB@C1BC@3A > D/:C3 $6/A3 $6/A3 1=<B@/AB 7;/57<5 $6/A3 27443@3<13 $6/A3 27A>:/13;3<B $6/A3 6=:=5@/;A $6/A3 @3:/B7=<A67> $6/A3 @3:/B7=<A67>A67> $6/A3 A674B $6/A=@ 27/5@/; $6=B= 1=<2C1B7D3 34431B $73H= 3:31B@71 23D713A $73H=3:31B@71 34431B $73H=3:31B@71 C:B@/A=<71 B@/<A2C13@ $73H=3:31B@71 C:B@/A=<71A B@/<A4=@;3@ $:/<3 =4 >=:/@7H/B7=< $:/<3 =4 >=:/@7H/B7=< =4 >=:/@7H/B7=< $:/AB71 4:=E $:/AB717BG $=7<B 3431BA $=7AA=< A @/B7= $=7AA=< A A>=B $=:/@7;3B@G $=:/@7A/B7=< $=:/@7A/B7=< :3D3: $=:/@7A3@ $=:7A67<5 $=:G16@=;/B717BG $=:G;3@A $=B3<B7/: $=B3<B7=;3B3@ $=E23@ 2744@/1B=;3B@G $@313AA7=< $@343@3<B7/: 1=@@=A7=< ;3/AC@3;3<B $@3AAC@3 $@=03 23:/G $@=>/5/B7=< =4 A=C<2 $@=>/5/B7=< =4 C:B@/A=C<2 $@=B=< F16/<53 !3;0@/<3 $ ! $(
% 4/1B=@
% # !( :>6/03B71/: 7<23F
%C/:7B/B7D3 /</:GA7A %C/<B7BG =4 :756B %C/<BC; ;316/<71A %C3<167<5 5/A
@ ; A D/:C3 &/27=5@/>6G &/7<E/B3@ &/B7= =4 /BB3<C/B7=< 231@3;3<B &3/1B7=< @/B3 &3/: /<2 D7@BC/: 7;/53 &3/: 16/@53A &317>@=1/: :/BB713 &32=F 3:31B@=23A &343@3<13 03/; &34:31B7=< &34:31B7=< 1=3447173<B &34:31B7=< 4/1B=@ &34@/1B7=< 7<23F &34@753@/B=@ &3:/F/B7=< &3;/<3<13 &3A7AB/<13 &3A7AB7D7BG &3A=:CB7=< &3A=</<13 &3A=</<13 4@3?C3<1G &3A=</<13 A674B &3A=</B=@ 1/D7BG &3A=</B=@ ;=23A &3AB@71B=@ D/:D3 &3D3/: 1@GAB/::=5@/>671 AB@C1BC@3 &3D3@A70:3 1G1:3A &7572 0=2G &7>>:3 &7>>:3 D=:B/53 &7D3@ E/B3@ & &=B/@G ;=B7=< &=B/B7<5 :7?C72A &=B/B7<5 B/03: &=B/B7=< &=B/B7=< B/0:3 &=B/B7=</: 3<3@5G &G203@5 4@3?C3<1G
'/116/@7;3B@G '/:7<7BG '/;>:7<5 B63=@3; '/BC@/B7=< B6719<3AA '1/<<7<5 (C<<3:7<5 !71@=A1=>G '(! '1/<<7<5 (C<<3:7<5 !71@=A1=>G '(! /<2 '>31B@=A1=>G '1/BB3@7<5 '1/BB3@7<5 =4 :756B 0G A;/:: >/@B71:3A !73I '1/BB3@7<5 =4 , @/GA '1@33<7<5 1=<AB/<B '330319 1=3447173<B '330319 34431B B63@;=3:31B@71 34431B '3:4 /AA3;0:32 ;=<=:/G3@A ' ! '3:4 /AA3;0:G =4 ;=:31C:3A '3:4 7<2C1B/<13 '3;71=<2C1B=@ '3;71=<2C1B=@ 3<3@5G 23B31B=@A '3@7/: A>@7<5A '3@73A 1=<<31B7=< '3@73A BC<32 17@1C7B '63/@ '63/@ B@/<AD3@A3 '63/@ ;=2C:CA '63/@ AB@3AA '633B B3FBC@3A '75</: B= <=7A3 @/B7= '7<5:3 1@GAB/: '97< 1@=AA A31B7=< '97> 27AB/<13 ':=>3 3447173<1G ';==B67<5 4/1B=@ '=7: 6=@7H=< '=:/@ 13:: '=:/@ @/G 1=::31B=@ '=:3<=72A '=:C07:7BG '=:C07:7BG >@=2C1B '=C<2 >@3AAC@3 '=C<2 D3:=17BG '=C<2 D3:=17BG 7< 5/A3A '=C<2 E/D3 '>317/: @3:/B7D7BG B63=@G '>317471 63/B '>317471 7@@/27/<13 '>317471 @=B/B7=< '>317471 B63@;/: 1/>/17BG '>31B@/: >=E3@ 23<A7BG '>31B@=A1=>G '>31B@C; '>332 =4 :756B
'>7< =@07B 1=C>:7<5 '$! '>=<B/<3=CA /<2 AB7;C:/B32 :756B 3;7AA7=< '>=<B/<3=CA 3;7AA7=< '>@7<5 1=<AB/<B '?C/@3 E/D3 'B/B71 4=@13 ;=23 'B/B71 ;=23 'B/B71A 'B/B7=</@G 'B34/< =:BH;/<< A :/E 'B3> 253A 'B3> @3A>=<A3 'B3@3=5@/>671 >@=831B7=< 'B744<3AA 'B7@:7<5 3<57<3 '(! 'B=93A :/E 'B@/756B 03/; >@=03 'B@3AA 'B@C1BC@3 /;>:7BC23 'B@C1BC@3 /</:GA7A 'B@C1BC@3 4/1B=@ 'C0AB@/BC; 'C>3@7;>=A7B7=< =4 A=C<2 'C@4/13 163;7AB@G 'C@4/13 3<3@5G 'C@4/13 >6GA71A 'C@4/13 B3<A7=< 'E33>
(3;>3@/BC@3 (3;>3@/BC@3 /;>:7BC23 /BB3<C/B7=< (3;>3@/BC@3 23>3<23<13 =4 @3A7AB/<13A (3;>3@/BC@3 5@/273<B 63/B B@/<A>=@B (3;>=@/: 1=63@3<13 (63@;/: 1/>/17BG (63@;/: 1=<2C1B7D7BG (63@;/: 3<3@5G (63@;/: 3F>/<A7=< (63@;/: >C;> (63@;/: @/27/B7=< (63@;/: B3<A7=< 1=3447173<B (63@;/: 1=<2C1B7D7BG 23B31B=@ (63@;=163;7AB@G (63@;=3:31B@71 1=<D3@B3@ (63@;=3:31B@71 3 ; 4 (6719<3AA ;3/AC@3;3<B (6=;A=< 1=3447173<B (6=;A=< 3?C/B7=<A (6@3A6=:2 3<3@5G (7;3 1=<AB/<B (7;3 =4 4:756B (7;3 =4 4:756B (# ;3B6=2 B7;3 =4 4:756B (=;=5@/>6G (=@?C3 (=@?C3 /<2 @3AB=@7<5 B=@?C3 (=@A7=< ;=2C:CA (=@A7=< >3<2C:C; (=@A7=</: D70@/B7=< (=@A7=</: D70@/B7=<A /<2 B=@A7=< ;=2C:CA (=B/: @34:31B7=< (@/<A43@ 4C<1B7=< (@/<A4=@;3@ (@/<A7AB=@ (@/<A7B B7;3 (@/<A7B7=< !3B/: 6/:1=53<723 (@/<A;7AA7=< 1=3447173<B (@/<AD3@A3 /<2 :=<57BC27</: ;=23A (@/<AD3@A3 /<2 :=<57BC27</: @3A=</B=@ ;=23A (C<<3:7<5 34431B (C@0C:3<13 (E= 03/; 7<B3@43@=;3B3@ (E= 27;3<A7=</: AB/<27<5
):B@/A=<71 ):B@/A=<71 ):B@/A=<71 =>>:3@ 34431B ):B@/A=<71 316=5@/>6G ):B@/A=<71 316=5@/>6G '1/< ):B@/A=<71 7;/57<5 '1/< ):B@/A=C<2 E/D3 ;=23A )<13@B/7<BG =4 :=1/B7=< )<13@B/7<BG =4 ;=;3<BC; )<7D3@A/: 5/A 1=<AB/<B )<:=/232 B@/<A4=@;3@
*/:3<13 0/<2 */>=@7A/B7=< */>=@7A/B7=< 3<B6/:>G */>=C@ >@3AAC@3 *3:=17BG 5@/273<B *3:=17BG =4 :756B *3:=17BG =4 A=C<2
$ -+ 'GAB3;3 ;0 = K ))) '"*)! &$
% # !( :>6/03B71/: 7<23F
*3:=17BG =4 A=C<2 7< :7?C72A *3@23B A 1=<AB/<B *70@/B7=< ;>:7BC23 *7@BC/: :756B A=C@13 *7A1=A7BG *7A1=A7BG /<2 4:C727BG *7A1=A7BG ;3/AC@3;3<BA *=:B/53 *=:B/53 2=C0:7<5 *=:B/53 AB/07:7A/B7=< *=:C;3 *=:C;3 3F>/<A7=< *=:C;3 3F>/<A7=< =4 :7?C72A
+/B3@ /<=;/:G +/D3 7<B3@43@3<13 +/D3 :3<5B6 +/D3 >@=>/5/B7=< +/D3 >/@B71:3 2C/:7A; +/D3 >/@B71:3 2C/:7BG +303@ 316<3@ :/E +37AA ;=:31C:/@ ;/5<3B71 473:2A +63/BAB=<3 0@7253 +732;/<< @/<H :/E +73< &=07<A=< 0@7253 +7@3 :==>
, @/G , @/G />>/@/BCA , @/G 1/;3@/ , @/G 3<3@5G 23B31B=@ , @/G 3F>3@B C<7B , @/G 4:C=@3A13<13 /</:GA7A , @/G >6=B=5@/>6G ,&
,& ,&(
-=C<5 A ;=2C:CA
. 27=23 .3<3@ 34431B .=<3 =4 4=1CA
3F13::3<13 7< A173<13
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