AL 493

Page 1



#"! ?=471>?=-61 04!4829=7-C4981 =>@EB#9K<ABM>MMB# IB9GB?B<9MHKB IB I9>L >L9@@BLMB# >#<HGL>KO9MHKB EHF;9K=B

&5<1>>9<1")1=;98=-.561 0D?>BE"5EDHA %975>->9"105>9<5-61 1EDGIBH9"8>?AED9B>"4EC;9F=9 =>?BA"6F=ADA"=>?BA"0F<@AH>HHA 7A9DA!<9HEFA 79>G9??AGHA">"1EDG>FJ9HEFA ccc)P[Z_aX`NX[YON^QVN)N^PUVc[^XQ)V` ccc)N^PUV`R``VX[YON^QVN)P[Y )10-@5981 3?EF"59?BA<9"%PN\[^RQN``[^R& &5<1@5981"1")10-@5981 bVN$H[XSR^VZ[$+3$ ,*+,+$CVXNZ[ `RX)$*,,3**,+0/ SNd$*,0-0+23*^RQNeV[ZR6P[Z_aX`N(NX)V` (<931>>9"3<-!/9 )+KL"GHI=AE#"5AB9DE '7;-358-@5981"1"/9;1<>58)+KL"GHI=AE#"5AB9DE (?..65/5>B 1EDGIBH9"8>?AED9B>"4EC;9F=9 =>?BA"6F=ADA"=>?BA"0F<@AH>HHA 7A9DA!<9HEFA 79>G9??AGHA">"1EDG>FJ9HEFA

? JH?C;IJH;!+)*,

78253$"B 78253$" Bf< f<HF HF< HF < G @<DM @<DM7 7 BEC BEC8 87G;7 0 IK>FB6#K9<<HGM9K>#BE#<HGM>FIHK HK9G>H# # EJ#/MHFKN#8NMSJ 0 BGM>KOBLM9#9#? ? K9G<>L<H K O>G>RB9 B#DTQB#EJ#/MHFKN#8NMSJ#F#6HNQ#8BHKJDB 5 IK>FBH <HGLNEM EM96#nK9LL>@G9#EHF;9K= K=9#=B =B#9K<ABM>MMNK9#NG=>K#0,o -. <HEEHJN JNBH BH <HG <9KE KE9#CN9t9;9 B#DTQB#EJ#1BQKNR#8BMTFK#5NLFR#EF#1BQUBKIN -/ <HEEHJN JNBH BH <HG @BHO9GG GG9#<9KG>O9EB EB B#DTQB#EJ#/MHFKN#8NMSJ#F#6HNQ#8BHKJDB -1 =9EE EEm9 m9K<ABM>MMH#9EE EEmHI>K >K9(#=9EE EE9#KB;9#@HE= F >=9E#9@EB HK=BGB IKH?>LLBHG9EB EB(#9E< E<NGB GB <>GGB LNB#IK>FB =B =B#9K<ABM>MMNK9 EJ#7BTQB#8JKBM

., ... .1 .3 .4 .4 /, /. //

7a`[^VeeNeV[ZR$I^VOaZNXR$ Z)$,1$QRX$,*)+)+31+ ;V_`^VOaeV[ZR$N$XVbRXX[$ZNeV[ZNXR) BN$^VbV_`N$bVRZR$VZbVN`N$T^N`aV`NYRZ`R' VZ$S[^YN$QVTV`NXR'$N$`a``V$TXV$N^PUV`R``V$ V_P^V``V$NTXV$E^QVZV$QRTXV$7^PUV`R``V FVNZV#PN`[^V'$FNR_NTTV_`V$R$ 9[Z_R^bN`[^V$QRXXN$B[YON^QVN$ NQR^RZ`V$NXXN$9[Z_aX`N$R$PUR$NOOVNZ[$ ^VXN_PVN`[$XfNa`[^VeeNeV[ZR$N4 BA;>F9HEFA9/9F<@AH>HHABEC;9F=A9$<EC >XV$N^`VP[XV$\aOOXVPN`V$R_\^VY[Z[$ _[X[$Xf[\VZV[ZR$QRXXfNa`[^R$R$Z[Z VY\RTZNZ[$XN$9[Z_aX`N$GRTV[ZNXR$ B[YON^QN$QRTXV$E^QVZV$QRTXV$7^PUV`R``V FF9'$Zm$XN$GRQNeV[ZR$QV$g7Bh

E>#OH<B#=>@EB# H K=BGB6# E>#OH<B#=>@EB#H C?B6 C?B 6 D E3 BE BE#I #IK>F K>F BH#N BH #N@H @H KBOHEM KBOHEM9# 9#EJ#<NCFQSN#5BLCB EJ#<NCFQSN#5BLCB 8 E C E3 BE BE#I #IK>FBH K>FBH F 9 >LMKB <HF <HF9 9<BGB EJ#<NCFQSB#4BRNKB 7 ;H= ;H=6 6 C E3 BE BE#I #IK>FBH K>FBH H9 ; #JMSFQUFMSJ#EJ##1BQKNR#8BMTFK#5NLFR#EF#1BQUBKIN#F#=JLNMF#1NKB L6 H;I; H;I;33 BE BE#I #IK>F K>F BH <E <E9N 9N=BH 9N =BH ; 9 K 9<< <<9# 9#B#DTQB#EFKKX?"DJN#=SBLOB B#DTQB#EFKKX?"DJN#=SBLOB F6L? F6 L?63 L? 63 Em9 m9K<ABM>MM K<ABM>MMN N K 9# 9#L L 9<K <K9 9 #EJ#7TDB#8JDNSSJ#F#/MEQFB#@BDDBQJ 7 H;I8? 7H;I8?63 H;I8?63 63 BE BE#I BE#IK>FBH#9K<A$LMHG>m-/#EJ#;BNKB#>NMFKKJ #IK>FBH K>FBH#9 #9K<A K<A$ $ LMHG> LMHG>m-/# m-/#EJ#;BNKB#>NMFKKJ EJ#;BNKB#>NMFKKJ BE9? 9?3 L>@GB#$#LH@GB#9#EH=B B#DTQB#EJ#/MMB#/QJNKJ CEDM DM6!;!7H? H?6DM DM63 63#9E< E<NG> G> BGBRB9MBO> K><>GMB B#DTQB#EJ#1QJRSJMB#8BHMJ 8H;CED63 63 BE BE#IK>F BH @BHO9GGB @>GMBEBGB B#DTQB#EJ#8BQJB#7TJRB#4JNQFMSJMJ C6DJ DJEL63 63 F 9GMHO9#9MM>G=>#NG#IK>FBH =B#9K<ABM>MMNK9#EJ#3KFMB#;QBEFKKB#F#@BKFMSJMN#<BLBWWNSSJ =B

IKH@>MMB /0 BE#I BE# I K>FBH(#BE#<HG<HKLH#>#Em K>FBH(#BE#<HG<HKLH#>#Em9 9 K<ABM>MM K<ABM>MMN N K 9 *** EJ#1BQKNR#8BMTFK#5NLFR#EF#1BQUBKIN /1 E 9# 9#<HKM> <HKM> =>@EB =>@EB#9 #9E;>KB E;>KB Ma_Se# a_Se#@ @ Z[eW^^[`[#9dUZ[fWff[(#eUga^S#bd[_Sd[S#S# Z[eW^^[`[#9dUZ[fWff[(#eUga^S#bd[_Sd[S#S#< <W`SfW# W`SfW#L L affa#% affa#%; ; WdYS_a& /4 9;BM 9;BM9 9 K>#LH<B K>#LH<B9 9 E># E>#9 9 #FBE #FBE9 9 GH F ST#9dcg[fWUfgdS(#eaU[S^#Zage[`Y(#bSdUa#bgTT^[Ua#W#eWdh[k[(## cgSdf[WdW#@ cgSdf[WdW# @ S^^SdSfWeW(# S^^SdSfWeW(#F F [^S`a

IKH?>LLBHG>

%45?=9"58")10-@5981 (&"BI?BAE"'%&(

0. 0/ 02 03 04 05

I KHGMB B ; 9 G=B MB MBI I H #I #I>K >K <HG<HKLB EJ#5JTRFOOF#=HQ^ N G #9 #9GGH GGH =B <HG<HKLB EJ#<NCFQSN#5BLCB LBG>#I LBG> #I>KB< >KB<N N EH EJ#8BMTFKB#9HKJBKNQN BG EHF; EHF;9 9 K=B K=B9# 9#<AB <AB#INv# #INv#<HLMK <HLMKN N BK> G>EE> G>EE>#R #RHG> HG>#9 #9@KB<HE> @KB<HE>8# 8#EJ#ABKSFQ#4TLBHBKKJ EJ#ABKSFQ#4TLBHBKKJ BLMKNR BLMK NRBHGB NR BHGB#I #I>K >K Em9 m9OOBH OOBH =>EE =>EE9#I 9#IKH?>LLBHG> KH?>LLBHG> EJ#2BMJFKKB#@JKKB G>P G> PL

HFGB;NL 1, 11/ 10 11

I >GLB>KB > L>@GB =B <>L <>L9 9 K> < 9MM MM9 9 G>H G>H#9# #9#<HFH <HFH EJ#<NCFQSB#4BRNKB BE ? N M N KH =>EE =>EE9# 9#<BMM <BMMs*#BGM>KOBLM s*#BGM>KOBLM9 9 9 F9 F9K<H# K<H#= = ># >#F F B<A>EBL# B<A>EBL#EJ#6HNQ#8BHKJDB EJ#6HNQ#8BHKJDB L<HI L<H I KB KB9 9 F H E> H I >K> =B =B#I #IKH?>LLBHGBLMB KH?>LLBHGBLMB FB E9 E 9 G>LB EJ#2BMJFKB#@JKKB C > 9 G #I #IKH KHN KH N O u*# u*#E E 9#I 9#IH>MB< H>MB<9# 9#=>EE =>EE9# 9#<HLMK <HLMKNR NRBHG> NR BHG> BG F>M F>M9 9 EEH EEH#EJ#5JTKJFSSB#4BRRJMN #EJ#5JTKJFSSB#4BRRJMN G>P G> PL


CE8@=' &.$,*$+%$(-! &)'"!+#!

.

05/##l##.,-/


05/##l##.,-/

/


CE8@=2"E466BAG4E8"=?"6BAG8@CBE4A8B 9G@>EH#FHGMB

Ih& ko`mn`& xj\bdh`y.& pdlno\fd& `& dhn\hbd]dfd& j`l& df& fili& ailg\ni&_dbdn\f`.&g\&^ihmdmn`hnd&`&^ih^l`n`&h`ff\&mi/ mn\ht\&_`f&n`g\.&l\^^ibfd\gi&f`&`mj`ld`ht`&_`d&ho/ g`limd&jl`gd&_d&\l^cdn`nnol\&jligimmd.&mj`mmi&^ih& ^\j\l]d`n•.&_\bfd&Ol_dhd&_`ff\&himnl\&R`bdih`0&Sihi& l\mm`bh`&l\_d^\n`&h`d&n`lldnild&^c`.&m`ht\&`ha\md&l`/ nild^\& i& \hmd`& g`_d\nd^c`.& l\^^ihn\hi& `^^`ff`ht`& \fnldg`hnd& x_dg`hnd^\n`y.& alonni& _d& ko`f& j\td`hn`& f\pili& koind_d\hi& ^c`& ^ihnld]odm^`& \_& oh& ^\g]d\/ g`hni&l`mjihm\]df`&`&xmdf`htdimiy&_`d&foibcd&_`f&hi/ mnli&\]dn\l`0 Qo`mni& hog`li& h`& poif`& `pd_`htd\l`& f\& _d%omdih`& `&df& ^ihmifd_\g`hni& mof&n`lldnildi& fig]\l_i.& minni/ fdh`\h_i&df&fili&loifi&_d&dhdtd\ndp`&^c`&p\fildtt\hi.& h`ff\&mi^d`n•.&f\&himnl\&_dm^djfdh\&`&f`&jlia`mmdih\fd/ n•&^c`&f\&ko\fd$^\hi0 If&a\nni&dhn`l`mm\hn`.&`&d&f`nnild&fi&^ibfd`l\hhi.& &^c`.& jol& ^ih& _`^fdh\tdihd.& \^^`hnd& `& mj`^d$^c`& jl`lib\/ ndp`&^c`&h`&^\l\nn`ldtt\hi&fw\onihigd\&`&f\&_dp`lmdn•& nl\&fili.&ko`mnd&jl`gd&m`g]l\hi&nonnd&`pdn\l`&d&ldm^cd& \onil`a`l`htd\fd&`.& mj`mmi.&g`_di^l`g`hn`&^`f`]l\/ ndpd0&Vibfdihi.&jdonnimni.&^ih$bol\lmd&^ig`&\jjohn\/ g`hnd&j`l&ld#`nn`l`&moffi&mn\ni&_`ff\&jlia`mmdih`.&^im & _\& jli_oll`& j`ldi_d^\g`hn`& df& johni& moffwdgj`bhi.& mj`mmi&dbhil\ni.&_d&ko`bfd&\l^cdn`nnd&^c`&ij`l\hi&n`/ h\^`g`hn`& \ff\& ld^`l^\& _d& ko\fdn•& _d%om\.& m`ht\& ld/ ^ill`l`&\&b`mnd&`^f\n\hnd.&g\&^ihnld]o`h_i.&^ih&df&fili& xg`mnd`l`y.&\&jd^^if`.&^ihm\j`pifd&nl\mailg\tdihd0 Cl`_i&^c`&ibhohi&_d&hid&md\&m`gjl`&jd &_dmdhn`l`m/ m\ni&\ff`&dffomild`&`&g\bd^c`&ld^`nn`&_d&ibb`nnd&m^`hi/ bl\$^d.&g\&\pofmd&_\d&foibcd&_ip`&p`hbihi&^iffi^\nd0& & jd & mndgif\hn`& `& ^i`l`hn`& a\l& `g`lb`l`& jlib`nnd& l`mjihm\]dfd.&mimn`hd]dfd&`&\&gdmol\&_`d&^ihn`mnd&j`l& d&ko\fd&mihi&j`hm\nd.&l\%ilt\h_i&fwd_`\&"&gdi&j`lmi/ h\f`&SMQ[)TV[Q]&"&^c`&m`&fw\l^cdn`nnol\&hih&^\g]d\&df& gih_i.&df&gih_i&hih&jo &^\g]d\l`&m`ht\&`mm\0 Cim &m`g]l\&bdomni&j`hm\l`&"&`&ko`mn\&ld^ibhdtdih`& fi& ^iha`lg\& "& \d& Pl`gd& _d& \l^cdn`nnol\& ^ig`& \& _`d& xldf`p\nildy&_`ff\&nl\mailg\tdih`&_`ff\&^ofnol\&_dm^d/ jfdh\l`&`&_`f&moi&bl\_i&_d&\jjlijld\n`tt\&h`ffwdgj\n/ ni&moff\&mi^d`n•&`&mof&moi&mj\tdi&$md^i.&^ihm`lp\h_i& fwih`mn•&dhn`ff`nno\f`&_d&g`nn`lmd&dh&bdi^i&`&hih&min/ nl\lmd.&ko\h_i&h`^`mm\ldi.&\ffw\oni^ldnd^\0 S`& &dh_dmj`hm\]df`&m\j`l&^ibfd`l`&f`&ldmilm`&_`d&hi/ mnld&n`lldnild.& &\fnl`nn\hni&ijjilnohi&`pdn\l`&f\&n`h/ n\tdih`&_d&^cdo_`l^d&dh&oh\&miln\&_d&\oni_`n`lgdh\/ tdih`.& `m^fo_`h_i& df& ^ihalihni& `mn`lhi.& md\& jol`& ailn`&`&_dmmd_`hn`0& S]\bfd`l`ggi&md^ol\g`hn`&m`&_ip`mmdgi&mg\lldl`& d_`hndn•.& g`gild\& `& m`hmi& _`ffw\bdl`& h`f& ^ihn`mni.& g\& ^\_l`ggi& dh& `bo\f`& `llil`& m`& ^cdo_`mmdgi& bfd& i^^cd&`&f`&dhn`ffdb`ht`&\f&gih_i.&p`lmi&^od& .&ilg\d.& dffomildi&^l`_`lmd&x`h^f\pdy&i&ldm`lp`&jlin`nn`0 P`l&^\jdl`&g`bfdi&i]d`nndpd&`&dhn`l`mmd.&j`l&hih&min/ nip\fon\l`&f`&himnl`&al\bdfdn•&`&f`&himnl`&^\j\^dn•.&df& 0

05/##l##.,-/

^ihalihni& _`p`& `mm`l`& \j`lni& \ff\& jd &\gjd\& m^\f\.& m`ht\&jl`^fomdihd.&jl`bdo_dtd.&j\ol`0 Nih& &oh\&pi^\tdih`&\ff\&x_`ldp\y&_`ff\&bfi]\fdtt\/ tdih`&g\.& jdonnimni.& f\&ld^`l^\& _d&ko`ff\& h`^`mm\ld\& mdhnihd\.& ^ihm\j`pif`&`& ^ldnd^\.&^ih&ildttihnd&\gjd& `&\bbdilh\nd0 •&ko`mni&df&m`hmi&`&f\&l\bdih`&^c`&pill`ggi&\mmo/ g`mm`&f\&f`nnol\&_`bfd&mndgif\hnd&`&ko\fd$^\nd&dhn`l/ p`hnd&dhn`lh\tdih\fd&_`f&himnli&ailog0&Nih.&_ohko`.& j`l&\jldl`&_d]\nndnd&\mnl\nnd&mo&b`h`ld^d&jldh^djd.&g\& j`l&^ihalihn\l^d&^ih^l`n\g`hn`&mod&n`gd0& P`l& a\pildl`&df&_d\fibi.& ^d& & m`g]l\ni& bdilh\fdmnd^\/ g`hn`& `!^\^`& jldpdf`bd\l`& f\& ailgof\.& xf`bb`l\y& `& ^`ln\g`hn`&jd &dhn`l\nndp\.&_`ffwdhn`lpdmn\0 Uh\& ailgof\.& nl\& fw\fnli.& ^c`& \jl`& ^ihn`gjil\h`\/ g`hn`& oh\& ld#`mmdih`& `& oh\& mj`ldg`hn\tdih`& mof& ailg\n& _d& oh\& ldpdmn\& ^c`& m`gjl`& jd & _ipl & ild`h/ n\lmd&\ff\&f`nnol\&VU)SQUM0 S`& d&jl`gd& dhn`h_ihi& ^ihm`lp\l`& oh& m`hmi& "& ^d& _d/ ^ihi& d& himnld& dhn`lfi^onild& "& fi& jinl\hhi& a\l`& mifi& b\l\hn`h_i&f\&^\j\^dn•&_d&\nndp\l`&f\&^dl^if\tdih`&`& df&^ihalihni&_`ff`&d_``&`&_`bfd&\l^cdn`nnd&`&m`&l\jjl`/ m`hn`l\hhi&p`d^ifd&j`l&mojjiln\l`&`&jligoip`l`&f`& a\m^`&b`h`l\tdih\fd&jd &bdip\hd0 Abbdohbi&^c`&d&Pl`gd&_ipl`]]`li&\h^c`&\mmog`l`& fwdgj`bhi& _d& n`mndgihd\l`.& p`lmi& mi^d`n•& `& ^f\mm`& _dldb`hn`.&df&loifi&^ofnol\f`&"&`&dh`pdn\]df`&"&_`ffw\l/ ^cdn`nnol\&h`ff\&^imnlotdih`&_`ff\&^dnn•&`&_`d&foibcd& ^c`& bfd& oigdhd& om\hi.& nl\mailg\hi& `.& mijl\nnonni.& pdpihi0 N`ffi& m^ill`l`& fw\gjdi& l`b`mni& kod& jo]]fd^\ni.& ^d\/ m^ohi&jinl•&_dl`nn\g`hn`&^ihmn\n\l`&ko\hni&f`&dhd/ td\ndp`& _`bfd& Ol_dhd.& jol& md^ol\g`hn`& j`la`nnd]dfd.& \]]d\hi& ^ifni.& \hnd^dj\n\g`hn`& `& jimdndp\g`hn`.& ko`mni&dh_dldtti&jlibl\gg\nd^i0 Qo`ffi&^c`&bd•&fd&^ihnl\__dmndhbo`&`&^c`.&gd&\oboli.& h`&m`bh`l &m`gjl`&jd &fwydgjldhndby.& &f\&^\j\^dn &_d& m\j`l&l\^^ihn\l`&`_&`pd_`htd\l`&oh\&xhilg\fdn•&`^/ ^`ff`hn`y.&ldaobb`h_i&_\ff\&a\fm\&`&jl`mohnoim\&xgd/ nifibd\y&_`ff`&`^^`tdihd0 •& ko`mni& fi& mjdldni& ^c`& mobb`ldm^ihi& nonnd& d& himnld& dhn`lfi^onild&`&^c`&ldnlipd\gi&h`d&^igg`hnd&_d&Gdi/ p\hh\& C\lh`p\fd.& j`m\nd& _\ff\& mo\& `mj`ld`ht\& h`ff\& b`mndih`& _d& oh& jl`gdi& _d& ldf`p\ht\& dhn`lh\tdih\f`.& i&\h^il\&h`ff\&f`nnol\&^ifn\& `&minndfg`hn`&jlipi^\/ nild\& _d& Fl\h^`m^i& V`h`td\& `.& dh$h`.& h`ff`& j\lif`.& \_&oh&n`gji&m`gjfd^d&`&jliaih_`.&_d&C\lf\&Jo\ \]\.& ^c`&pibfdi&a\l`&&gd`&"&^ig`&`!^\^`&^cdim\&"&ko\h/ _i.&j\lf\h_i&_d&x^ih$hdy&l`bdih\fd&`&_d&l\!h\nd&jli/ b`nndmnd&ohdp`lm\fg`hn`&ld^ihim^dond.&g\&^c`&c\hhi& l\_d^\ni&df&jlijldi&f\pili&dh&oh\&mj`^d$^\&\l`\&b`i/ bl\$^\.&_d^`=$dB\MZ[M$#O\YM($TVS[V$I\[MU[QKPM($KVT\) UQKIUV$ KVU$ QS$ TVULV$ ZMUaI$ IJJIULVUIYM$ QS$ WYVWYQV$ [MYYQ[VYQV*$=Q$ITTQYV$TVS[V($QU$X\MZ[V$ZMUZV($WMY$UVU$ MZZMYZQ$ISSQUMI[Q$IS$TVULV$OSVJISQaaI[Ve0

@$F^RYV$QV$ N^PUV`R``a^N$_[Z[$ g^VXRbN`[^Vh$QRXXN$ `^N_S[^YNeV[ZR$ QRXXN$PaX`a^N$ QV_PV\XVZN^R$ R$QRX$_a[$T^NQ[$ QV$N\\^[\^VN`ReeN$ ZRXXfVY\N``[ _aXXN$_[PVR`k$R$_aX$ _a[$_\NeV[$#_VP['$ P[Z_R^bNZQ['$\R^n'$ Xf[ZR_`k$VZ`RXXR``aNXR$ QV$YR``R^_V$VZ$TV[P[$ _RZeN$_[``^N^_V$ NXXfNa`[P^V`VPN

5WRPUX%AXW]T ;QFRJEFMSF#EFKKB#1NMRTKSB# QFHJNMBKF#KNLCBQEB# EFHKJ#9QEJMJ#EFHKJ# /QDIJSFSSJ#;JBMJ!DBSNQJ# ;BFRBHHJRSJ#F#1NMRFQUBSNQJ# F#EJQFSSNQF#EJ#Y/7Z(

B`#SbWdfgdS(#`gaha#ebSk[a# [`fWd`a#VW^^mSYW`k[S#nLaU[S^# Ga[eWo#S#F[^S`a#V[#FHGH# SfW^[Wd#)#FSd[S`S#?Wd`S`VWe# LW`VSe#W#9^TWdfa#IaffW`YZ[(# IdaYWffa#h[`U[fadW#%Wi# SWcga&#VW^^S#USfWYad[S# nB`fWd`[o(#IdW_[a#nKSeeWY`S# ^a_TSdVS#V[#9dUZ[fWffgdS# N`VWd#0,o#WV[k[a`W#.,-.*# ?afaYdS"W#V[#BeSTW^^S#LSee[*


K[efdgffgdSk[a`W#W#dWUgbWda#eaffafWffa#VW^^mWV["U[a#[`#h[S#RW`S^W#S#F[^S`a#V[#?[^[bba#MS[VW^^[*#IdaYWffa#h[`U[fadW#VW^^S#USfWYad[S#nK[efdgffgdSk[a`[o(# IdW_[a#nKSeeWY`S#^a_TSdVS#V[#9dUZ[fWffgdS#N`VWd#0,o#WV[k[a`W#.,-.*#?afaYdS"W#V[#Ma__Sea#@[g`UZ[*


=AG8EI=FG4% "4"9E4A68F6B"I8A8J=4 9#<NK9#=B#9G@>EH#FHGMB#>#B@HK#F9@EB<9

IW%Y[PVTX%OT%L[NST]P]]^[L%m%^W%[TNXWX\NTVPW]X% OT%VP[T]X%YP[%^WbXYP[L%X%YP[%UL%Y[XY[TL%NL[[TP* [L+% <UT% C[OTWT% @XVML[OT% P%UL% UX[X% 7XW\^U]L%[P* RTXWLUP)% NSP% [LNNXRUTP% /2+---% T\N[T]]T)% NP[NLWX% OL% \PVY[P% OT% L]]T_L[P% UL% Y[L]TNL% OPT% Y[PVT% OT% L[NST]P]]^[L% 'P% OPT% NXWNX[\T(% NXVP% \][^VPW]T% TWOT\YPW\LMTUT% YP[% \X\]PWP[P% UbL[NST]P]]^[L% OT% Z^LUT]j+%E^LU%m%TU%\^X%YPW\TP[X%\^UUL%Y[XVX`TXWP% T\]T]^`TXWLUP% OPT% Y[PVT% OT% L[NST]P]]^[L% P% OPUUL% UX[X%cNLYTUUL[T]jd%WPT%]P[[T]X[T4% Qo`mn\& _ig\h_\& \%lihn\& _o`& n`gd.& j`l& f\& p`ldn•.& _dp`lmd&nl\&_d&fili=&d&jl`gd&_d&\l^cdn`nnol\&`&d&^ih^il/ md0&Uh&jl`gdi.&dha\nnd.&jl`h_`&\nni&_d&oh&ldmofn\ni.&df& ^ih^ilmi&g`nn`&dh&^\hnd`l`&oh&aonoli&ldmofn\ni0&P`l .& `hnl\g]d.& \& gdi& \ppdmi.& md& ^ihalihn\hi& `& md& ^ig/ jl`h_ihi&h`ff\&fili& jiln\n\& j`l&oh&\mj`nni& dgjil/ n\hn`=&_d`nli&oh&^ih^ilmi.&_d`nli&oh&jl`gdi&^d&mihi& nl`&$bol`.&df&^iggdnn`hn`.&df&jlib`nndmn\&`&oh\&bdold\0& Mifn`&pifn`& hih&md&nd`h`&dh&^ihni&df& loifi&_d&ko`mn`& nl`& `hndn•0& P`l& inn`h`l`& ko`ff\& ko\fdn•& ^c`& m`gjl`& pd`h`&\omjd^\n\.&]dmibh\&^c`&ko`mn`&nl`&`hndn•&^ih/ _dpd_\hi&oh&jli$fi&\fni0& Cw &jid&oh&\fnli&\mj`nni&^c`&oh&jiw&gd&_ &a\mnd_di=& & f\&mj`lmih\fdtt\tdih`0&S`gjl`&jd &f`&mdbf`&mimndnod/ m^ihi&df&hig`&i&d&higd&_`bfd&\l^cdn`nnd0&•&\pp`honi.& n\fpifn\.& \h^c`& dh& j\mm\ni& `& j`l& f\& p`ldn•& hih& f`& ld/ ^il_i&f`b\n`&\d&gdbfdild&ldmofn\nd&jlib`nno\fd&_d&ko`f& gig`hni&mnild^i0& •&jol& p`li&^c`& `mdmn`& df&lip`m^di& _`ff\&g`_\bfd\=&oh\&dj`lj`lmih\fdtt\tdih`&^ih&df&a`/ hig`hi&_`ff`&IYKPQZ[IY.&a`hig`hi&\h^il&jd &a\mnd/ _dimi&`&hi^dpi0& Cw &jid&fw`^fdmm`&_`f&^iggdnn`hn`0&N`ff`&b\l`&jo]]fd/ ^c`.& j`l& `m`gjdi.& pd`h`&higdh\ni&oh& l`mjihm\]df`& _`f&jli^`_dg`hni.&oh&aohtdih\ldi&^c`&_`p`& inn`g/ j`l\l`&\&oh\&m`ld`&_d&_dmjimdndpd&_d&f`bb`.&jd &^c`&mif/ f`^dn\l`&fw\nn`htdih`&`&fwdgj`bhi&_`ffw\l^cdn`nni0& Ih$h`.& f`& bdold`=& mj`mmi& dh\_`bo\n`& \& ld^ihim^`l`& d&jlib`nnd& gdbfdild.&g\&ko`mn\& &oh\&mnild\&p`^^cd\0& Plib`nnd& ^c`& c\hhi& a\nni& f\& mnild\& _`ffw\l^cdn`nnol\& gi_`lh\&aolihi&mj`mmi&`fdgdh\nd&_\ff`&bl\_o\nild`& _`d&jl`gd\nd0 5% NST% L]][TM^T[WP% UL% cNXUYLd% \^UUL% ML\P% OPUUL% \^L% YP[\XWLUP% P\YP[TPW`L% OT% YL[]PNTYL`TXWP% NXVP% VPVM[X%OT%RT^[TL%X%D[P\TOPW]P%TW%]LW]T% NXWNX[\T4 Hi& j\ln`^dj\ni& hih& \& n\hn`.& g\& \_& \f^oh`& bdold`& _d& dgjiln\hnd& ^ih^ilmd& dhn`lh\tdih\fd0& Sihi& mn\ni& ^cd\g\ni& dh& Sj\bh\& \& a\l& j\ln`.& nl\& f`& \fnl`.& _`ff\& bdold\& _`f& ^ih^ilmi& _`f& Pl\_i& `& _`ff\& x^dnn•& bdo_d/ td\ld\y& _d& M\_ld_0& Ih&Sj\bh\& md& jl`i^^oj\p\hi&_d& \p`l`&dh&bdold\&j`lmih`&^\j\^d&_d&j`l^`jdl`&dh&jli/ mj`nndp\&f\&ko\fdn•&_d&oh&jlib`nni.&`_&`l\hi&_dmjimnd& \_&\%lihn\l`&d&^ihm`bo`hnd&ih`ld&`^ihigd^d0& Ih&In\fd\&mihi&dgj`bh\n`&ldmilm`&_`^dm\g`hn`&dh\/ 2

05/##l##.,-/

_`bo\n`&ldmj`nni& \ffwdgj`bhi& `&\ff`& l`mjihm\]dfdn•& ^c`&d&g`g]ld&_d&oh\&bdold\&_ipl`]]`li&jliaih_`l`& `&\mmog`lmd0&Uh&^ih^ilmi&md&`mjf`n\&n\fpifn\&+nlij/ ji,&al`nnifim\g`hn`0 GT% YX][PMMP% OT[P% NSP%m% WPNP\\L[TX% ^W%NXVVT]* ]PW]P%TUU^VTWL]X4 If&^iggdnn`hn`&_`p`&`mm`l`& dffogdh\ni0&Uh& `_d$^di& hih& &^im\&^c`&_ol\&ko\f^c`&bdilhi&i&ko\f^c`&g`m`0& Uh& `_d$^di& i^^oj\& oh& mdni& mnl\n`bd^i& _d& oh\& ^dnn•& j`l& fohbi& n`gji& `& h`& gi_d$^\& j`lg\h`hn`g`hn`& fw\mj`nni0&Qodh_d.&f`& l`mjihm\]dfdn•&j`l&oh&^iggdn/ n`hn`&mihi&`f`p\ndmmdg`.&hih&jimmihi&`mm`l`&\!_\/ n`& \& oh\& m`ld`& _d& _dmjimdndpd& ]oli^l\nd^d& _d& ^\on`f`.& ^ig`&df&m`gjfd^`&\hihdg\ni&_`d&^ih^ill`hnd0 BPRUT% ^U]TVT% LWWT% \T% \]L% L\\T\]PWOX)% ][L% UbLU][X)% LO%^WL%OT$^\TXWP%OT%OT_P[\T%Y[PVT%OT%L[NST]P]* ]^[L% L`TPWOLUT+% >U% O^MMTX% m% NSP% YX\\L% Y[P_LUP* [P%^WL%UPRT]]TVL)%VL)%QX[\P)%%UTVT]L]T_L%#WLUT]j% NXVVP[NTLUP+% >W% XRWT% NL\X)% WXW% \T% Y[XV^X_P)% NXV^WZ^P)%Y[P\\X%UL%\XNTP]j%NT_TUP%UL%NPW][LUT]j% OPUUL%Z^LUT]j%OPUUbL[NST]P]]^[L4%5_LW`P[PMMP%[T* \P[_P%X%L__P[]PW`P%Ob^\X4%BPU%NL\X)%Z^LUT4 Nih&^w &_o]]di.& &^im 0&Md&\lldp\hi&ldpdmn`&^c`&l\^/ ^ifbihi& oh\& m`ld`& _d& jlib`nnd& ^c`& c\hhi& ^ig`& a\n/ nil`&^igoh`&fwomi&nin\fdtt\hn`&_d&oh&^`lni&jli_inni& `_dfdtdi0

JZ$\^RYV[$\^RZQR$ N``[$QV$aZ$^V_aX`N`['$ VX$P[ZP[^_[$YR``R$ VZ$PNZ`VR^R$aZ$ Sa`a^[$^V_aX`N`[)$ <Z`^NYOV'$\R^n'$ _V$P[ZS^[Z`NZ[$R$_V$ P[Y\^RZQ[Z[$ZRXXN$ X[^[$\[^`N`N$\R^$aZ$ N_\R``[$VY\[^`NZ`R4$ QVR`^[$aZ$P[ZP[^_['$ QVR`^[$aZ$\^RYV[$ PV$_[Z[$`^R$#Ta^R'$ VX$P[YYV``RZ`R'$ VX$\^[TR``V_`N$ R$aZN$TVa^VN

Gp)% \T% NSTLVLWX% (,0.&",-'#+)% Z^P\]X% ]TYX% OT% [T_T\]P+ Nih&mi&^ig`&md&^cd\gdhi.&g\&hih&h\m^ih_i&^c`&f`& nlipi&dlldn\hnd0&Sihi&a\nn`&gifni&]`h`.&mihi&fommoi/ m`.&\htd.&mihi&jd &fommoim`&_`ff`&ldpdmn`&nl\_dtdih\fd.& kodh_d.& di& h`& j`hmi& nonni& df& g\f`& jimmd]df`'& H\hhi& ji^i& \& ^c`& a\l`& ^ih& df& gih_i& _`ffw\l^cdn`nnol\& g\.& jdonnimni.&^ih&df&gih_i&_`ff\&jo]]fd^dn•&\td`h_\f`0& Qo\f^c`&_dmndhboi0& Ii.&j`l&`m`gjdi.&ci&j\ln`^dj\ni& \ff`&dhdtd\ndp`&_`ff\&Fd`l\&_d&V`lih\.&_d&M\lgig\^^.& \h^c`&f &^d&nlipd\gi&_d&alihn`.&m`&pibfd\gi.&\&oh&a`/ hig`hi&_d&ndji&\td`h_\f`.&j`l .&df&jli_inni&dh&bdi^i& &f\&jd`nl\.&kodh_d.&oh&`f`g`hni&^im &ohdp`lm\fg`hn`& f`b\ni&\f&gih_i&_`ffw\l^cdn`nnol\&j`l&^od&df&gip`hn`& \td`h_\f`&_dp`hn\&niff`l\]df`u0 >W%\PNXWOX%YTLWXa S .&hih& &TIYRM[QUO&_d&oh&jli_inni.&i.&m`&fi& .& &_d&oh& jli_inni&^c`& &j`l`hh`.&^c`&c\&h`ffw\l^cdn`nnol\&oh& loifi& _dl`d& ko\md& dgjl`m^dh_d]df`& _\ff\& mo\& mnild\0& Qodh_d.&^d&mihi&dhdtd\ndp`&`_&dhdtd\ndp`0&•&^ig`&\^/ ^\_`&j`l&fw\^^d\di&`&f`&dh_omnld`&_`ffw\^^d\di0&Lw\^^d\di& &oh&g\n`ld\f`&^ih&df&ko\f`&c\&^imnlodni&Md`m&p\h&_`l& Ric`.&oh&g\n`ld\f`&_\ff\&jd`h\&_dbhdn•&mnild^\0&Ihif/ nl`.& &oh&g\n`ld\f`&^c`&p\&f\pil\ni&j`l&\jj\ln`h`l`& \ffw\l^cdn`nnol\0&Nih& &oh&jli_inni&jl`^iha`tdih\ni0&

&#7XJMSFQUJRSB#OTCCKJDBSB## ]#KB#RJMSFRJ#!MBKF#EJ#ETF# JMSFMRJ#DNKKNPTJ#SFKFGNMJDJ# $EFK#*.#HJTHMN#F#-#KTHKJN# +)*,%#F#EJ#RTDDFRRJUF# QJFKBCNQBWJNMJ# DNMDNQEBSF#DNM#KXBTSNQF(


E^^i&f\&_d%`l`ht\& &ko`mn\0 Qo\h_i& df& a\nni& \td`h_\f`& dhp`mn`& _`d& jli_innd& jld/ g\ld&_`ff\&^imnlotdih`&ibhohi&_d&hid&c\&f\&a\^ifn•&_d& ^imnlodl`.&^ih&ko`d&jli_innd.&f\&jlijld\&\l^cdn`nnol\0& Ih&ko`mnd&^\md&^w &nl\mailg\tdih`0 @PT%SL%YL[]PNTYL]X%L%W^VP[X\T%Y[PVT%ObL[NST* ]P]]^[L)% UL_X[L% Y[XQP\\TXWLUVPW]P% P)% OL% \PV* Y[P)%\T%XNN^YL%OPUUL%OTOL]]TNL+%8L%Z^P\]T%X\\P[* _L]X[T)%NSP%XYTWTXWP%\T%m%QL]]X%OPUUL%\T]^L`TXWP% OPUUbL[NST]P]]^[L%T]LUTLWL%NXW]PVYX[LWPL4 GYP\\X%\T%L__P[]P%^W%Y[XR[P\\T_X%LYYTL]]TVPW* ]X% \^UUbL\YP]]X% P\]P[TX[P% OPU% Y[XRP]]X)% \^UUL% cYPUUPd%OPUUL%NX\][^`TXWP)%L%\NLYT]X%OPUUL%Z^L* UT]j%RPWP[LUP+%D^[%WPT%UTVT]T%OT%^WL%TWP_T]LMTUP% RPWP[LUT``L`TXWP)%Z^LU%m%UL%\^L%[T"P\\TXWP%\^U* UX%\]L]X%OT%\LU^]P%OPUUL%[TNP[NL%OT\NTYUTWL[P%WPU% WX\][X%YLP\P4 S .&ko`mni& &oh&#\b`ffi&^ihn`gjil\h`i.&ilg\d&hih&md& a\&\fnli&^c`&ko`mni0&Polnlijji&^`&fd&_i]]d\gi&n`h`l`& ko`mnd& `_d$^d.& ailnoh\n\g`hn`& _ol`l\hhi& ji^i0& L\& ^im\&md& &ld_inn\&\&ko`mni0&Nid&^d&nlipd\gi.&^ih&ko`mnd& `m`gjd.&_d&alihn`&\_&ohw\l^cdn`nnol\&^c`&c\&\mmifo/ n\g`hn`&\]_d^\ni&\&ko`ffd&^c`&mihi&d&moid&aih_\g`h/ nd0&Sd\gi&h`f&^\gji&_`ff`&aldpif`tt`.&fw\l^cdn`nnol\& .& pd^`p`lm\.&ko\f^im\&^c`&md&ldhhip\&moff\&nl\_dtdih`0 7bm%TW%Z^P\]X%^WL%[P\YXW\LMUT]j%LWNSP%OPT%*#..! *&%)#)% OPT% N[T]TNT% ObL[NST]P]]^[L)% OPUUP% [T_T\]P% ObL[NST]P]]^[L4 L`&ldpdmn`&_d&\l^cdn`nnol\&mihi&^\h\fd&_d&ko`mnd&dh/ _dldttd& `& c\hhi& _`ff`& l`mjihm\]dfdn .& j`l^c & hih& ^ih_o^ihi& oh\& \tdih`& ^ldnd^\0& Uh\& ldpdmn\& _d& \l/ ^cdn`nnol\& & mj`mmi& j`l& nl`& ko\lnd& jo]]fd^dn & `& oh& ko\lni&^ihn`honi0&Uh\&ldpdmn\&_d&\l^cdn`nnol\&hih& _ipl`]]`&\p`l`&jo]]fd^dn 0&P`l^c &h`f&gig`hni&dh& ^od&c\&jo]]fd^dn .&_dj`h_`&_\&^d &^c`&bfd&dhm`ltdihd/ mnd&md&\mj`nn\hi0& L\& ldpdmn\& j`l_`& \onihigd\0& L`& ldpdmn`& _ipl`]]`/ li& `mm`l`& f\& ^im^d`ht\& ^ldnd^\& _`ffw\l^cdn`nnol\0& M\& ko`mni&hih& &^ifj\&h`gg`hi&_`d&_dl`nnild.&mihi&f`& ^ih_dtdihd&^ihnl\nno\fd0&L\&jo]]fd^dn•&bip`lh\&nonni=& f\&^igohd^\tdih`&l\_din`f`pdmdp\.&fi&mjiln.&`^^0 7P[]X% m% OT!NTUP% NXWNTUTL[P% [T\X[\P% P% UTMP[]j)% XRRT+%;[LWNLVPW]P%UL%WX\][L%P\YP[TPW`L%OT%[T_T* \]L)%WXWNSn%UL%NXWX\NPW`L%OT[P]]L%OT%LU][T%NL\T)% \YTWRXWX% XWP\]LVPW]P% L% WXW% NXWOT_TOP[P% ^WL% _T\TXWP%NX\p%YP\\TVT\]TNL%\^UUL%UTMP[]j%TW]PUUP]* ]^LUP+%BXW%\T%Y^q%RPWP[LUT``L[P)%VL%WXW%YPW\L% LWNSP%UPT%LO%P\PVYT%YX\T]T_T4% Cw & mn\ni& ko\f^c`& ^\mi& dh& ^od& f\& jo]]fd^dn & & mn\n\& mo]fdg\n\& h`f& fdhbo\bbdi& \l^cdn`nnihd^i& _`n`lgd/ h\h_i& dhn`l`mm\hnd& ij`l`& _d& \l^cdn`nnol\.& j`hmi.& j`l& `m`gjdi.& \ffwij`l\& _d& Ri]`ln& V`hnold.& ^c`& c\& ]ldff\hn`g`hn`&^ihdob\ni&f\&^igjih`hn`&xjo]]fd/ ^dn\ld\y& _`ff\& nl\_dtdih`& ]\li^^\& ^ih& ko`ff\& moff\& h\m^`hn`&jij&\ln0 i%UbL\YP]]X%PNXWXVTNX%NSP%Y[P_LUP%\^RUT%L\YP]* ]T% N^U]^[LUT3% UL% N^U]^[L% WXW% m%#WLW`TL]L%'OLUUX% G]L]X(+ Lw\mj`nni&`^ihigd^i&^w &m`gjl`&mn\ni.&j`l &md&ldom^d/

p\&\&m`j\l\l`&df&gih_i&_`bfd&\%\ld&_\f&gi_i&_`ffw\l/ n`0&Vibfdi&_dl`.&Lil`hti&df&M\bhd$^i&jl`mn\p\&df&_`/ h\li.&`l\&oh&]\h^cd`l`.&hih&`l\&ohi&^c`&_dmjl`tt\p\& df&_`h\li.&j`l &ko\h_i&md&i^^oj\p\&_d&\ln`.& ^di .& _d& g`^`h\ndmgi.&md&i^^oj\p\&_d&\ln`=&om\p\&f\&mo\&^ih/ _dtdih`&j`l&$h\htd\l`&f\&mo\&bfild\&\lndmnd^\.&g\&hih& mipl\jjih`p\&f`&_o`&x^im`y0 8TNTLVX% NSP% XRRT% Nbm% VPWX% c\PW\TMTUT]jd% WPU% QL[UX4 Nih& &oh\&ko`mndih`&_d&bl\td\&i&_d&mndf`.& &oh\&ko`/ mndih`&^ofnol\f`0&Uh&j`lmih\bbdi&^ig`&A_ld\hi&Ofd/ p`nnd&^c`&jli_o^`p\&g\^^cdh`&_\&m^ldp`l`.& &mn\ni&oh& bl\h_`&^iggdnn`hn`.&g\&hih&jl`n`h_`p\&^c`&d&moid& `_d$^d&aimm`li&f\&bfild$^\tdih`&_`ff`&mo`&g\^^cdh`& _\&m^ldp`l`0&Ccd\g\p\&d&gdbfdild&\l^cdn`nnd&j`l&a\l`& \on`hnd^d&^\jif\pild0&L\&a\]]ld^\&Ofdp`nnd&\&Pittoifd& g`nn`&dh&ij`l\&df&j\`m\bbdi&^f\mmd^i&_`d&C\gjd&Ff`/ bl`d0& •& oh& `_d$^di& \on`hnd^\g`hn`& gi_`lhi.& h\ni& j`l& f\& jli_otdih`& dh_omnld\f`& ^c`& ^`f`]l\& df& loifi& j`l`hh`&_`ffw\l^cdn`nnol\.&^ig`&f\&a\]]ld^\&_d&nol]d/ h`&AEG&_d&P`n`l&B`cl`hm0 CRRTRTX[WX% ][XYYX% \YP\\X% UP% cQX[VP% ]PNWTNSPd% \XWX%L\\XNTL]P%LUUP%QX[VP%OPU%VXOP[WX%'OPU%NXW* ]PVYX[LWPX(% XYY^[P% _PWRXWX% TWOTNL]P)% NXVP% YX\\TMTUP%LU]P[WL]T_L)%QX[VP%NSP%][LRRXWX%[TQP* [TVPW]X%OLUUL%G]X[TLa Pimmi&mimn`h`l`&oh\&^im\&dh&\jj\l`ht\&j\l\_imm\f`0& A& g`& m`g]l\hi& gifni& jd & PQOP)[MKP& n\hn`& ^imnlo/ tdihd&`bdtd`&^c`&n\hnd&`_d$^d&^ihn`gjil\h`d0&LwPQOP) [MKP$^c`&^imw @&LwPQOP)[MKP$hih& &g`nn`l`&dhmd`g`&_`d& g\n`ld\fd& ^c`& hih& md& mihi& g\d& pdmnd& jldg\0& LwPQOP) [MKP$ &^imnlodl`&dh&g\hd`l\&dgj`^^\]df`0&S`&di&jl`h/ _i&oh&n`gjdi&i&oh\&jdl\gd_`&`bdtd\& &oh&^\jif\pili& _d&\fn\&n`^hifibd\&_`ff\&jd`nl\>&m`&jl`h_i&df&P\hnc`ih& & oh& jli_inni& _d& \fn\& n`^hifibd\& _`f& g\nnih`0& Obbd& m$_i&\&l`\fdtt\l`&^ih&g\n`ld\fd&^ihn`gjil\h`d&`_d/ $^d&^ig`&ko`ffd0&Cd&mihi&_`ff`&ldmilm`&n`^hd^c`&\fndm/ mdg`0&Qodh_d.&fw`llil`&^c`&hid&a\^^d\gi& &^ihmd_`l\/ l`& nonn\& f\& mnild\& _`ffw\l^cdn`nnol\& ^ig`& oh\& mnild\& _d&SV^)[MKP&`&_\n\l`&fwPQOP)[MKP$_\ffw\jj\ldtdih`&_`f& B`\o]iolb0&Lw`llil`& &blimmif\hi0&Uh&`_d$^di&\hnd/ ^i& &mn\]df`&`&mifd_i&_\&m`^ifd&i&gdff`hhd.&j`l^c &f &^w & p`li&PQOP)[MKP0&Obbd&^w &f\&l`nild^\&_`ffwPQOP)[MKP$^c`& &nonn\&ohw\fnl\&mnild\0&Gfd&`_d$^d&_dp`hn\hi&linn\gd& h`f&bdli&_d&ko\f^c`&_`^`hhdi0 5UUX[L% TU% _P[X% ()'("/&$(% m% Z^PUUX% OPRUT% LW]TNST% NSP%NX\][^T_LWX%YP[%O^[L[P%WPU%]PVYX4 Ni.& hi0& Lw\on`hnd^i& PQOP)[MKP& jo & `mm`l`& \h^c`& dh& \^^d\di0&Vibfdi&_dl`&^c`&fwPQOPf[MKP$hih& &h`^`mm\/ ld\g`hn`&ko\f^im\&^c`&md&m`j\l\&_\f&^ilji&nl\_dtdi/ h\f`&_`ffw\l^cdn`nnol\0&Nih& &^c`&fwPQOP)[MKP$^igdh/ ^d& h`f& 3<92.& fwPQOP)[MKP$ ^w & m`gjl`& mn\ni0& Cig`& ^w & m`gjl`&mn\ni&df& SV^)[MKP=&d& ^\nndpd&`_d$^d& ^\_`p\hi& hihimn\hn`& aimm`li& dh& jd`nl\& i& dh& g\nnihd.& m`& g\f& ^imnlodnd0

;[LWNP\NX%JPWP`TL OQNGFRRNQF#NQEJMBQJN# EJ#1NLONRJWJNMF# BQDIJSFSSNMJDB#OQFRRN# KN#6?/@#EJ#@FMFWJB# F#BSSTBKLFMSF#ENDFMSF# OQFRRN#KX/DDBEFLJB#EJ# /QDIJSFSSTQB#EJ#8FMEQJRJN(# /DDBEFLJDN#EJ#=BM#7TDB'# ]#BTSNQF#EJ#QJKFUBMSJ#NOFQF# EJ#BQDIJSFSSTQB#F#EJ#LNKSF# OTCCKJDBWJNMJ'#SQB#DTJ# $*(!'.0&!7!,5&/'*+1(112/&#! %(4+.-+"!'.-)(/(-4("! 2-!+-1(/3(-1.# $3KFDSB'#8JKBMN'#+)**%(#

GT% ][L]]L% \XUX% OT% ^W% Y[XMUPVL% OT% QX[VLUT\VX% OPUUbL[NST]P]]^[L%NXW]PVYX[LWPL%X%OT%^WL%Z^P* \]TXWP% YTs% LVYTL% NSP% NXTW_XURP% ^WbTVVLRTWP% \]P[PX]TYL]L%OPUUbL[NST]P]]^[L%VXOP[WL4 05/##l##.,-/

3


?dS`UWeUa#OW`Wk[S(#Ua`Uadea#bWd#g`#UW`fda#_g^f[)dW^[Y[aea#S#IWfd[b^Sfk(#;Wd^[`a#.,-.*

S .&dha\nnd.&g\h^\&oh&n\mm`ffi&dh&ko`mni&_dm^ilmi0&Sd& `pi^\& fw\l^cdn`nnol\& gi_`lh\& i.& pd^`p`lm\.& ohw\l/ ^cdn`nnol\& gi_`lh\& mn`l`indj\n\0& F\^^di& ko`mni& `m`gjdi& _d& ^od& ci& l`^`hn`g`hn`& j\lf\ni& dh& oh\& f`tdih`0&Qo\h_i&^d&nlipd\gi& _\p\hnd&\&oh&`_d$^di& ^ig`&f\&]d]fdin`^\&_d&Vddjold&_d&Afp\l&A\fni.&p`_d\/ gi&^c`& &oh&`_d$^di&^c`&\%lihn\&^ih&bl\h_dmmdg\& $h`tt\& df& jli]f`g\& _`ff\& dffogdh\tdih`& h\nol\f`& _d&oh\&m\f\&_d&f`nnol\0&Iha\nnd.&^d&mihi&_`bfd&mno_d&_d& g\hi&_d&Afp\l&A\fni&dh&^od&^ibfd\gi&df&n`g\&_`d&fo/ ^`lh\ld&^dfdh_ld^d&`&f\&fo^`&^c`&]\nn`&`&pd`h`&ld#`mm\& mod&n\pifd0&Cig`&_dl`.&^w &f\&^ihp`hd`ht\&_`ffw\l^cd/ n`nnol\& jiln\n\& \f& g\mmdgi& bl\_i0& S`& pibfdi& a\l`& oh\& m\f\& _d& f`nnol\.& _ohko`.& df& jli]f`g\& & ko`ffi& _d&a\l`&dh&gi_i&^c`&f`bb`l`&oh&fd]li&md\&oh\&bdid\0& Lw\fni& ^ihailni& _`ff\&jl`mn\tdih`& _w\l^cdn`nnol\& dh& ko`ffw`_d$^di& &g\bdmnl\f`0 ;X[\P)%m%TU%NXWNP]]X%OT%()'("/&$(!L%N^T%NT%\T%[TQP* [T_L%Y[TVL4 •&fwPQOP)[MKP$_`f&^ihnliffi&_`ff\&fo^`&h\nol\f`.&n\hni& j`l&l`h_`l`&fwd_`\0&Qo\h_i&\_&oh&^`lni&johni.&ko\f/ ^c`&\l^cdn`nni&^ihn`gjil\h`i&ldjl`h_`&df&n`g\&_`d& fo^`lh\ld&`&g\b\ld&fi&ondfdtt\&dh&oh\&mdno\tdih`&b`/ ibl\$^\& _ip`& f`& `mdb`ht`& _`ffwdffogdh\tdih`& mihi& _dp`lm`.& md& \jl`& oh& \fnli& _dm^ilmi0& P`l& bdohn\& ko`f& gindpi& pd`h`& ldj`noni& ^ig`& gindpi& _d& fdhbo\bbdi& \p`h_i&j`l_oni&f\&l\bdih`&ildbdh\ld\0& BXW%m%YTs%TW%;TWULWOTLa Nih& &dh&Fdhf\h_d\.&hih& &jd &oh\&m\f\&_d&f`nnol\.&g\& _dp`hn\&oh\&m`gjfd^`&m\f\&^c`.&j`l .&c\&ko`d&^dfdh_ld& mof&n`nni&^c`&jiln\hi&fo^`&\ffwdhn`lhi0& &^d &^c`&^cd\/ gi&xfwomi&m`bh\f`nd^i&_`bfd&`f`g`hnd&_`ffw\l^cdn`nno/ l\y=&_`pi&f\h^d\l`&df&m`bh\f`&_d&`mm`l`&_`hnli&\ffw\l/ ^cdn`nnol\& gi_`lh\0& Qo\h_i.& jid.& ko`mni& \nn`bbd\/ g`hni&$hdm^`&dh&g\hi&\bfd&mno_`hnd&i&\&$bol`&g`hi& _in\n`.&nonni&&_`bl\_\&$hi&\ffw\l^cdn`nnol\&]\h\f`&^c`& 4

05/##l##.,-/

om\&d&fo^`lh\ld.&\p`h_i&_dg`hnd^\ni&nonn`&f`&l\bdihd& j`l&^od&mihi&h\nd0&•&oh&jiw&ko`ffi&^c`&mo^^`_`p\&^ih& fwomi&_`bfd&il_dhd&`&_`ff`&gi_\h\nol`&h`ffw\l^cdn`nno/ l\&mnild^dmnd^\&_`f&n\l_i&Onni^`hni0 DL[ULWOX)%TW#WP)%OPT%NXWNX[\T%OT%L[NST]P]]^[L3% Z^LUP%[^XUX)%\PNXWOX%UPT)%OX_[PMMP[X%L\\^VP* [P%WPUUP%Y[XNPO^[P%OT%L\\PRWL`TXWP%OPRUT%TWNL* [TNST4% F\^^di&mifi&oh\&jd^^if\&jl`g`mm\.&d&^ih^ilmd&_d&\l/ ^cdn`nnol\&hih&mihi&oh\&hipdn•&_d&ibbd&i&_d&ko`mnd& ofndgd&_`^`hhd.&d&^ih^ilmd&_w\l^cdn`nnol\&`mdmn`p\/ hi& jol`&m`^ifd&a\.& df& ^ih^ilmi& & m`gjl`& `mdmndni0& If& ^ih^ilmi&_d&\l^cdn`nnol\&p`hdp\&om\ni&h`f&gig`h/ ni&dh&^od&md&_ip`p\&\%lihn\l`&oh&jli]f`g\&_d&ldf`/ p\ht\&jo]]fd^\0 Obbd&md&dh_d^`&oh&^ih^ilmi&`olij`i&j`l&oh&jd^^ifi& `_d$^di&m^if\mnd^i&_d&oh&jd^^ifi&j\`m`0 8T%Q[XW]P)%YP[q)%LUUbTWP_T]LMTUP%P%TWPUTVTWLMTUP% NXWOT`TXWP% XOTP[WL% OX_P% TU% W^VP[X% OPT% Y[X* QP\\TXWT\]T)%UL%]TYXUXRTL%OPUUP%XYP[P%P%UP%\]P\\P% L]]P\P%OPUUL%\XNTP]j)%\XWX%Y[XQXWOLVPW]P%V^* ]L]T)% WXW% \T% Y^q)% L% WX\][X% L__T\X)% NSP% N[POP[P% WPU% NXWNX[\X+% BXW% Z^LUP% YLWLNPL% OPT% Y[XMUP* VT)% VL% NXVP% ^WTNL)% N[POTMTUP% LU]P[WL]T_L+% >U% Y[XMUPVL%QX[\P)%m%NSP)%\YP\\X)%\P%WP%QL%^W%^\X% OT\]X[]X)%^W%LM^\X+ 9%WXW%YP[%^W%PNNP\\X%OT%W^VP[X)%Z^LW]X%YP[* NSn%\YP\\X%\T%L]]T_LWX%NXWNX[\T%\PW`L%L_P[P%UP% [T\X[\P%YP[%YX[]L[UT%LU%]P[VTWP+% Cigdh^di&_\&ko`mnwofndg\&imm`lp\tdih`=&fw\]omi0&If& ^ih^ilmi&^c`&md&a\&m`gjl`&jd &\&]\mmi&^imni=&d&jl`/ gd&dlldmild.&`^^0 Qo\h_i&ci&j\ln`^dj\ni&\&^ih^ilmd&dh&Fl\h^d\.&fw`h/ n`& ]\h_dnil`& dh^\ld^\p\& oh\& mi^d`n•& mj`^d\fdtt\n\& j`l& jl`_dmjill`& df& jlibl\gg\.& mj`h_`p\& ldmilm`& j`l&a\l`&oh&jlibl\gg\&dgj`^^\]df`&mof&ko\f`&^ih/


^ill`hnd& md& _ip`p\hi& gdmol\l`0& Ih& In\fd\.& mj`mmi.& d& ^ih^ilmd&mihi&jldpd&_d&oh&jlibl\gg\&mno_d\ni&h`d& _`nn\bfd.& d& jl`gd& mihi& dlldmild.& nonni& _`p`& ^imn\l`& ji^i.&`_& .&mj`mmi.&mifn\hni&i^^\mdih`&\&]\mmi&^imni& _d&a\l`&jo]]fd^dn•&jifdnd^\0 E^P\]X%m%TU%[T\NSTX+%9%WXT%_X[[PVVX%NSP%\T%^\NT\* \P% OL% Z^P\]X% PZ^T_XNX+% GLYYTLVX% NSP% UPT% WXW% m% NXW][X% UbT\]T]^]X% OPU% NXWNX[\X)% VL)% QX[\P% Y^q% \^RRP[T[P%LU][P%QX[V^UP4%% Ii& hih& mihi& \%\nni& ^ihnli& d& ^ih^ilmd0& N`ff\& mdno\/ tdih`&dn\fd\h\.&pill`d&^c`&d&^ih^ilmd&aimm`li&a\nnd&dh& gi_i&^c`&oh&^ih^ill`hn`&bdip\h`&\]]d\&jimmd]dfdn•& _d&\^^`mmi&\f&^ih^ilmi&m`ht\&_ip`lmd&\bbl`b\l`&\&_`d& ^\lld&dg]\l\tt\hnd0 >VVLRTWTLVX%NSP%Z^P\]X%\TL%[TQP[T]X)%TWWLW`T ]^]]X)%LUUP%RL[P%OT%Y[XRP]]L`TXWPa S .& j`l^c & m`.& \_& oh& ^`lni& johni.& _`pi& ld^cd`_`l`& ko\hni&c\d&a\nnol\ni&h`ffwofndgi&kodhko`hhdi.&ko\/ fd&\nnl`tt\nol\&c\d.&ko\hnd&dgjd`b\nd&c\d.&j\bd&Ih\df.& `^^u& ^ihndhoi@.& mihi& ^imnl`nni& \& ^ih$bol\l`& \m/ mi^d\tdihd&_d&jlia`mmdihdmnd.&^c`&hih&p\fildtt\hi&d& bdip\hd&WIY[UMYZ Ii.&j`l&`m`gjdi.&m\l`d&_`ffw\ppdmi&^c`&]dmibh\&a\pild l`&f`&bdip\hd&b`h`l\tdihd&`&hih&l`h_`lf`&mo]\fn`lh`& j`l^c & jip`l`& _d& ldmilm`& `& g`ttd0& Dohko`& ^ih^`/ _`l`d& g\mmdg\& fd]`ln•& _w\^^`mmi& \& nonnd& d& ^ih^ilmd0& Lwd_`\& &df&p`li&^ihnld]oni0&Diji&^d&md&ilb\hdtt\0 C`lni&m`&jid&df&bdip\h`&\l^cdn`nni.&h`f&gdmol\lmd&^ih& df& ^ih^ilmi& hih& _dgimnl\& ^\j\^dn•& `& ko\fdn•.& dhn\/ m\h_i& dhondfg`hn`& df& jli^`_dg`hni.& df& f\pili& _`ff\& bdold\.& \ffil\& j\l\_imm\fg`hn`& mobb`ldl`d& _d& dhnli/ _oll`&oh\&miln\&_d&j\n`hn`&\&johnd&\&m^\f\l`' DX\T`TXWP%T[XWTNLVPW]P%Y[X_XNL]X[TL&%JX[[PV* VX%NSTPOP[UP%^W%^U]TVX%NXVVPW]X)%\YPNT#NL]L* VPW]P%\^U%NXWNX[\X%OT%TOPP+%D[TVL%OPUUbTW]P[_T \]L%LNNPWWL_L%LO%^W%YTNNXUX%TW]P[P\\LW]P%YL\* \LRRTX+%>W%LUN^WP%RT^[TP)%NT%OTNP_L)%\T%TWOT_TO^L% UL%#R^[L%OT%RL[LW]P%OPT%NXWNX[[PW]Ta% S 0&Hi&m^ij`lni&oh\&jli^`_ol\&^c`&hih&^ihim^`pi0& Sihi&mn\ni&dh&oh\&bdold\&dh&Sj\bh\.&\&Sdpdbfd\.&_ip`.& nl\&d&g`g]ld.&ci&dh^ihnl\ni&oh&^iff`b\&mj\bhifi&^c`& `l\&mn\ni&`f`nni&_\d&^ih^ill`hnd&^ig`&b\l\hn`&dh&\j/ jfd^\tdih`&_d&oh\&jl\mmd&^ihmifd_\n\0 Ih$h`.& pill`d& \bbdohb`l`& ohwofndg\& hin\0& Ah^c`& m`& m`g]l`l•& oh\& jlipi^\tdih`0& Ii& mihi& ^ihnl\ldi& \ffw\hihdg\ni& h`d& ^ih^ilmd0& If& bdol\ni& _`p`& m\j`lmd& \mmog`l`& nonn`& f`& mo`& l`mjihm\]dfdn•u& Tl\& fw\fnli& fw\hihdg\ni& c\& ^l`\ni& \& pifn`& _`ff`& mdno\tdihd& \_ _dldnnol\&^igd^c`0&•&\^^\_oni.&j`l&`m`gjdi&^c`&oh& \]df`& x^ihnl\%\nnil`y& \]]d\& _dm`bh\ni& oh& jlib`nni& ^c`& m`g]l\p\& _d& g\hi& _d& oh& a\gimi& \l^cdn`nni& `.& ^ih&mnojil`&_d&nonnd.&ko`f&jlib`nniu0 aam%\]L]X%Y[PVTL]X)%VL%WXW%P[L%OT%Z^PU%QLVX\X% YP[\XWLRRTX+

JL?GCI#=IHMOFN;7# tL;MM?AH;#FIG<;L>;# >C#;L=BCN?NNOL;# OH>?L#1-u "-)*%!(').),+( H[b#/--2#_b#=edi_]b_e#>_h[jj_le#Z[bbW#=edikbjW#L[]_edWb[#FecXWhZW# Z[]b_#IhZ_d_#Z[]b_#;hY^_j[jj_#J_Wd_"YWjeh_#JW[iW]]_ij_#[#=edi[hlWjeh_# WYYe]b_[#\Wleh[lebc[dj[#bW#fhefeijW#Z[bbW#=ecc_ii_ed[#]_elWd_#[# XWdZ_iY[#bW#fh_cW#[Z_p_ed[#Z[bbW#tLWii[]dW#becXWhZW#Z_#;hY^_j[jjkhW# OdZ[h#1-+#Hkel[#fhefeij[#Z_#WhY^_j[jjkhWu+#Cdj[dje#Z_Y^_WhWje# }#gk[bbe#Z_#ZWh[#cW]]_eh[#l_i_X_b_j{#Wb#bWlehe#v#ef[h[#Yeijhk_j[#[# fhe][jj_#v#Z[_#]_elWd_#WhY^_j[jj_#_iYh_jj_#W_#ZeZ_Y_#IhZ_d_#becXWhZ_+ C#.-.#fhe][jj_)#Y^[#^Wdde#W!hedjWje#Yed#ikYY[iie#bW#fh_cW# i[b[p_ed[#ef[hWjW#ZWbb[#A_kh_[#fhel_dY_Wb_)#\ehcWj[#ZW_#Z[b[]Wj_#Z[]b_# IhZ_d_)#iede#ijWj_#[iWc_dWj_#ZW#kdW#i[YedZW#]_kh_W#YecfeijW#ZW# GWh_e#<ejjW)#Fk_]_#=^_WhW#[Z#?dh_Ye#@h[oh_[+#C#h_ikbjWj_#Z[b#Jh[c_e# iede#ijWj_#fkXXb_YWj_)#d[b#/--4)#_d#kd#lebkc[#ZWbbseced_ce#j_jebe)# Z_ijh_Xk_je#WjjhWl[hie#]b_#IhZ_d_#_d#jkjj[#b[#fhel_dY[#becXWhZ[+ #(&,+'%!(').),+(! H[b#cWhpe#Z[bbsWdde#ikYY[ii_le)#bW#=edikbjW#fkXXb_YW#_b#XWdZe#Z[bbW# i[YedZW#[Z_p_ed[+#;#Z_![h[dpW#Z[bbW#fh_cW#[Z_p_ed[#Z[b#Jh[c_e)# gk[ijW#Z_ij_d]k[#jhW#t;hY^_j[jjkhW#h[Wb_ppWjWu#[#t;hY^_j[jjkhW# fhe][jjWjWu+#C#31#fWhj[Y_fWdj_#i[b[p_edWj_#ZWbb[#A_kh_[#fhel_dY_Wb_# iede#ijWj_#[iWc_dWj_#ZWbbW#A_kh_W)#YecfeijW#ZW#AW[#;kb[dj_)#;b\edie# @[c_W#[#A_WYece#Jeb_d)#Y^[#^W#fheYbWcWje#i[_#l_dY_jeh_)#jh[#f[h# e]d_#YWj[]eh_W+# C#jh[#fhe][jj_#fh[c_Wj_#f[h#bW#YWj[]eh_W#t;hY^_j[jkhW#h[Wb_ppWjWu# ^Wdde#h_Y[lkje#Yec[#fh[c_e#kd#i[hl_p_e#\eje]hW"Ye#Z[bbsef[hW# Yeijhk_jW+#Cd#eYYWi_ed[#Z[b#RRCCC#=ed]h[iie#cedZ_Wb[#Z[]b_# ;hY^_j[jj_)#j[dkjei_#W#Neh_de#ZWb#/6#]_k]de#Wb#0#bk]b_e#Z[b#/--5)# d[bbe#ijWdZ#Z[bbW#=edikbjW#iede#ijWj_#[ifeij_#_#i[_#fWdd[bb_#Yed#_# fhe][jj_#l_dY_jeh_+#Jh_cW#Z[bbW#"d[#Z[bbsWdde#}#ijWje#fh[i[djWje# fh[iie#FW#Nh_[ddWb[#Z_#G_bWde#_b#dkele#lebkc[#[Z_je#ZWbbW#=edikbjW# Yedj[d[dj[#_#31#fhe][jj_#i[b[p_edWj_+ $(-.%!(').),+(! Jhei[]k[dZe#bW#fhefh_W#_d_p_Wj_lW#Z_#fhecep_ed[#Z[b#bWlehe#Z[_# ]_elWd_#WhY^_j[jj_#Z[bbW#FecXWhZ_W)#bW#=edikbjW#L[]_edWb[#FecXWhZW# Z[]b_#IhZ_d_#Z[]b_#;hY^_j[jj_#J_Wd_"YWjeh_#JW[iW]]_ij_#[#=edi[hlWjeh_# ^W#fkXXb_YWje)#d[b#/-..)#_b#XWdZe#Z[bbW#j[hpW#[Z_p_ed[#Z[b#Jh[c_e+# ;dYehW#kdW#lebjW#bs_dj[dje#Z[bbs_d_p_Wj_lW#}#ZWh[#l_i_X_b_j{#W_#]_elWd_# fhe][jj_ij_#becXWhZ_#Y^[)#Yed#_b#behe#bWlehe)#Wjjk_de#kdW#h_Y[hYW#Z_# _dj[]hWp_ed[#\hW#fhe][jje)#_ddelWp_ed[#j[Yd_YW#[#hWffehje#Yed#_b# j[hh_jeh_e)#Yedi[]k[dZe#h_ikbjWj_#Z_#gkWb_j{+ >_l[hiWc[dj[#ZWbb[#iYehi[#[Z_p_ed_)#gk[ijW#j[hpW#^W#_dj[ie# fehh[#bsWYY[dje#[iYbki_lWc[dj[#ik_#fhe][jj_#h[Wb_ppWj_#Y^[# iede#ijWj_#ikZZ_l_i_#_d#gkWjjhe#YWj[]eh_[7#tHkel[#=eijhkp_ed_u)# tL_ijhkjjkhWp_ed_u)#tCdj[hd_u#[#tMfWp_#fkXXb_Y_#[#fW[iW]]_eu+ Cb#Jh[c_e#i_#}#ilebje#i[cfh[#_d#Zk[#\Wi_7#d[bbW#fh_cW)#b[#]_kh_[# dec_dWj[#ZW_#i_d]eb_#IhZ_d_#fhel_dY_Wb_#^Wdde#i[b[p_edWje#_#fhe][jj_# c[h_j[leb_#Z_#fWiiWh[#Wb#i[YedZe#]hWZe8#d[bbW#i[YedZW#\Wi[)# kdW#]_kh_W#_dj[hdWp_edWb[)#YecfeijW#ZW#GWdk[b#;_h[i#GWj[ki)# ?c_b_e#=WhWlWjj_)#FkYW#Geb_dWh_)#JWebW#J_[hejj_#[#OcX[hje#L_lW)# ^W#h_YedeiY_kje#Yec[#tc[h_j[leb_u#2-#fhe][jj_)# _dZ_l_ZkWdZe)#Wbbs_dj[hde#Z[bb[#gkWjjhe#YWj[]eh_[)# 2#l_dY_jeh_#[#1#c[dp_ed_+#;_#fhe][jj_#l_dY_jeh_)#kde# f[h#e]d_#YWj[]eh_W#f_ #kd#@R!<@KOI)#}#ijWje#e![hje# kd#i[hl_p_e#\eje]hW"Ye#h[Wb_ppWje#ZW_#l_dY_jeh_#Z_#kd# YedYehie#fheceiie#ZWbbW#=edikbjW+#H[b#/-./#_#2-# fhe][jj_#i[b[p_edWj_#iede#ijWj_#hWYYebj_#_d#kd#kd_Ye# lebkc[)#Z_ifed_X_b[#fh[iie#b[#i[]h[j[h_[#Z[_#ZeZ_Y_# IhZ_d_#;JJ=#becXWhZ_#[#WdY^[#_d#l[dZ_jW#d[bb[# fh_dY_fWb_#b_Xh[h_[#if[Y_Wb_ppWj[+ C#lebkc_#Z[bb[#jh[#[Z_p_ed_#Z[b#Jh[c_e#iede#fh[i[dj_#d[bbW#fW]_dW# m[X#Z[bbW#=edikbjW#&mmm+WhY^_j[jj_becXWhZ_W+Yec'#f[h#[ii[h[# _dj[hWc[dj[#i\e]b_Wj_#e#iYWh_YWj_+

05/##l##.,-/

5


K[cgS^["USk[a`W#V[#b[SkkS#@Sd[TS^V[#S#RaY`a#%;WdYS_a&#V[#FSd[S``S#ISa^S#OS`a`[(#IdaYWffa#h[`U[fadW#VW^^S#USfWYad[S#nLbSk[#bgTT^[U[#W#bSWeSYY[ao(# -, 05/##l##.,-/ IdW_[a#nKSeeWY`S#^a_TSdVS#V[#9dUZ[fWffgdS#N`VWd#0,o#WV[k[a`W#.,-.*#?afaYdS"W#V[#EgUS#=m9^Wee[a*


05/##l##.,-/

--


E>HG9K=H#?BGHMMB

B^#bSV[Y^[a`W#Ag_S`[VSVW#.,-.(# dWS^[kkSfa#VS#<Sd^S#CgSxSTS(#[`#Ua^^STadSk[a`W# Ua`#^mSdf[efS#;[S#EWeeS(#bWd#^m[`Ua`fda# [`fWd`Sk[a`S^W#K[a'.,#fW`gfae[# S#K[a#VW#CS`W[da*

6B??BDH=B"6BA"64E?4">H4h454 9#<NK9#=B#<9KEHL#F9GN>E#@HF>L#=>#<9KO9EAH

IU]TVLVPW]P%UPT%SL%_TW]X%O^P%TVYX[]LW]T%Y[P* VT% OT% L[NST]P]]^[L3% L[NJT\TXW% D[T`P*KXVLW% LWO%5[NST]PN]^[P)%WPU%/-.0)%P%5D75%D[oVTX%OP% 5\\XNTLlkX% DL^UT\]L% OP% 7[T]TNX\% OP% 5[]P\)% WPU% /-./+%7XWNX[OL%NXW%NST%\X\]TPWP%UL%Y[XVX`TX* WP% OPT% Y[PVT% OT% L[NST]P]]^[L% NXVP% \][^VPW]T% TWOT\YPW\LMTUT% YP[% \X\]PWP[P% ^WbL[NST]P]]^[L% OT%Z^LUT]j4% Qo\f^c`& bdilhi& a\.& ci& m`hndni& oh& ^ldnd^i& ^c`& \a/ a`lg\p\& ^c`&d&jl`gd& md\hi&_`ff`&\mmol_dn .&jid^c & nl\mg`nn`l`]]`li&fwd_`\&_d&oh&ko\f^ohi&gdbfdil`&_d& ko\f^oh&\fnli0&P`lmih\fg`hn`&hih&mihi&_w\^^il_i.& df& jl`gdi& & oh& a\nni& g`l\pdbfdimi.& & oh& gi_i& j`l& _\l`&oh&p\fil`&\ff`&^im`.&\f&f\pili.&\ff`&l`\fdtt\tdi/ hd0&Nih&m`lp`&j`l&mn\]dfdl`&^c`&ohi& &g`bfdi&_d&oh& \fnli.&ko`mn`&mihi&mifi&m^di^^c`tt`0

_`f& moi& n`lldnildi0& Cim .& c\& l`\fdtt\ni& ohw\l^cdn`n/ nol\&hih&nl\ma`ld]df`&aoild&_\f&+moi,&n`lldnildi.&^imd& ^ig`.& Sif\hi& B`hdn`t& dh& P\l\bo\s0& Qo`mn`& $bol`.& gifni&\on`hnd^c`.&^igohd^\hi&^ih&df&gih_i&m`h/ t\& \]]\h_ih\l`& df& jlijldi& n`lldnildi0& Ld& \ggdli& gifni.&dh&ko`mni&m`hmi&_d&hih&`mm`l`&\ffdh`\nd&^ih& df&gih_i&bfi]\fdtt\ni0

GPNXWOX% UPT% T% Y[PVT% ObL[NST]P]]^[L% SLWWX% ^W% _LUX[P% \][L]PRTNX% YP[% UL% OT$^\TXWP% OPUUbL[NST* ]P]]^[L4%7X\L%QL[P%YP[%P_T]L[P%OT%P\\P[P%L^]X[P* QP[PW`TLUT4 If&p\fil`&^c`&jo &\p`l`&oh&jl`gdi& &gifni&moj`ldil`& \ff\&ko`mndih`&g`_d\nd^\&dgg`_d\n\0&B\mnd&j`hm\l`& \f&^\mi&_`ffi&m^ldnnil`&jilnibc`m`&Jim &S\l\g\bi=& _iji& \p`l& pdhni& df& Ni]`f.& f`& mo`& ij`l`& mihi& mn\n`& nl\_inn`& dh& ko\md& nonnd& d& j\`md& _`f& gih_i0& Qo`mni& m`gjfd^`&a\nni&_dgimnl\&^c`&oh&jl`gdi.&h`f&m`hmi& jd &\gjdi&_`f&n`lgdh`.&jo &_dp`hn\l`&`_o^\ndpi&`& a\l`&m^oif\0

>U%YLOTRUTXWP%=^VLWTOLOP%/-./)%Y[XRP]]X%_TW* NT]X[P% OT% L[NJT\TXW% D[T`P)% m% \]L]X% LYY[P``L]X% LWNSP% TW% Z^LW]X% XYP[L% NXVYUP]LVPW]P% [TNT* NULMTUP%P%[T^]TUT``LMTUP+%7[POP%TW%Z^P\]T%_LUX[T)% X[VLT% Z^L\T% TWOT\YPW\LMTUT% YP[% TU% NXW][XUUX% OPUUb)/&-!NXVYUP\\T_X%OT%^W%M^XW%Y[XRP]]X4 Nih&fi&mi.&ibhd& ^\mi& &oh&^\mi& \&m 0&N`f& P\_dbfdi/ h`&_`ff`&Ug\hdn•&4234&\p`p\&oh&m`hmi&j`hm\l`&\d& jihn`bbd.&jid^c &md&nl\nn\p\&_d&oh&`_d$^di&n`gji/ l\h`i.& g\& ]dmibh\& mn\l`& gifni& \nn`hnd& mo& ko`mni& \lbig`hni000&mimn`hd]df`&jo &\h^c`&pif`l& _dl`&^i/ mnlodl`&^ih&ko`ffi&^c`&c\d&dhnilhi.&^ih&ko`ffi&^c`& joid&om\l`&`&hih&mifn\hni&\jjill`&oh&g\l^cdi&p`l/ _`&_d&^ihailgdn•0

BXW% YPW\L% NSP% UL% YL[]PNTYL`TXWP% LT% Y[PVT% ObL[NST]P]]^[L%YX\\L%NX\]T]^T[P%^WbTVYX[]LW]P% XNNL\TXWP% YP[% RTX_LWT% L[NST]P]]T% YP[% QL[\T% NX* WX\NP[P%P% LNN[POT]L[P% Y[P\\X% ^W%Y^MMUTNX%YTs% _L\]X4%7Tq%Y^q%[LYY[P\PW]L[P%^WL%R[LWOP% XY* YX[]^WT]j%YP[%UL_X[L[P%LWNSP%Q^X[T%OLT%NXW#WT% [PRTXWLUT+ Md&m`g]l\&bd•&gifni&_d!^df`&dgj\l\l`&\& f\pil\l`& h`f&jlijldi&n`lldnildi0&Gf`hh&Mol^onn&fi&\nno\&dh&oh& gi_i&gifni&]`ffi.&mijl\nnonni&bl\td`&\f&moi&f\pili.& `&jid.&\%`lg\h_i&^c`&c\&mj`mi&\hhd&+_`f&moi&f\pi/ li,&j`l&f\&^igjl`hmdih`&_`ff\&b`ibl\$\&`&_`f&^fdg\& -.

05/##l##.,-/

@L%Z^P\]TXWP%QPVVTWTUP%m%Y[P\PW]P%WPU%VXWOX% OPUUbL[NST]P]]^[L+% 9_T]LWOX% QLNTUT% \UXRLW% [P]X* [TNT% \T% Y^q% YL[UL[P% OT% ^WbL[NST]P]]^[L% LU% QPV* VTWTUP4%BPU%NL\X%L$P[VL]T_X%Z^LUT%\XWX%UP%\^P% NL[L]]P[T\]TNSP%RPWP[LUT4 Nih&p`_i&f\&_d%`l`ht\.&gd&m`g]l\&oh&gih_i&_d!/ ^df`&j`l&`mm`l`&x^ihkodmn\niy&_\ff`&_ihh`.&^w &\h^i/ l\&oh&jl`bdo_dtdi&mdf`htdimi&h`d&himnld&^ihalihnd0

>W%^WL%\XNTP]j%TW%[LYTOL%P\YLW\TXWP%NXVP%Z^PU* UL%M[L\TUTLWL%Z^LW]L%TVYX[]LW`L%L\\^VXWX%RUT% L\YP]]T%c_P[OTd%OT%[T\YP]]X%YP[%UL%WL]^[L4 If& ldmj`nni& j`l& f\& h\nol\& & jl`m`hn`& dh& Bl\mdf`& h`ffw\l^cdn`nnol\& gi_`lh\& _d& ko\fdn•& `& h`ffw\l^cd/ n`nnol\& ^ifihd\f`.& ]\mnd& bo\l_\l`& dh_d`nli& j`l& dg/ j\l\l`0&Obbd&bdilhi&df&jli]f`g\& &^c`&h`ff`&m^oif`& _w\l^cdn`nnol\& md& mno_d\hi& mifn\hni& f`& \l^cdn`nnol`& mnl\hd`l`.&_wdgjiln\tdih`.&g\&f\&]oih\&\l^cdn`nno/ l\&hih& &nl\ma`ld]df`0

?[$_RZ`V`[$ N"R^YN^R$PUR$ V$\^RYV$_VNZ[$QRXXR$ N__a^QV`k'$\[VPUm$ `^N_YR``R^ROOR^[$ XfVQRN$QV$aZ$ ]aNXPaZ[$YVTXV[^R$ QV$]aNXPaZ$ NX`^[)$D[Z$_[Z[$ QfNPP[^Q[4$VX$ \^RYV[$l$aZ$SN``[$ YR^NbVTXV[_['$ l$aZ$Y[Q[$\R^$QN^R$ aZ$bNX[^R$NXXR$P[_R'$ NX$XNb[^['$Z[Z$ \R^$_`NOVXV^R$PUR$ aZ[$l$YRTXV[$ QV$aZ$NX`^[

7L[UL%?^LlLML IYKPQ[M[[V$JYIZQSQIUV$ NVYTI[IZQ$WYMZZV$ SI$DIU[I$EYZ\SI$EUQ]MYZQ[`$ LQ$CQV$LM$<IUMQYV$&-111'($ k$SI$WYQTI$]QUKQ[YQKM$LMS$ WYMTQV$IYK$FQZQVU$AYQKM$f$ GVTIU$IUL$3YKPQ[MK[\YM$ UMS$.,-/*$=I$Z\I$VWMYI$ KVTWYMULM$WYVOM[[Q$W\JJSQKQ$ M$WYQ]I[Q($YMSI[Q]Q$ I$WYVOYITTQ$IJQ[I[Q]Q$ M$K\S[\YISQ*


6B??BDH=B"6BA";=BI4AA4"64EA8I4?= 9#<NK9#=B#9G@>EH#FHGMB#>#B@HK#F9@EB<9

>U% D[PVTX% OT%5[NST]P]]^[L%7XW]PVYX[LWPL%OPU* UL%7XVVT\\TXWP%9^[XYPL*D[PVTX%ATP\%_LW%OP[% FXSP% WL\NP% OL% ^WbTWT`TL]T_L% NXWRT^W]L% OPUUL% 7XVVT\\TXWP% P^[XYPL%P%UL%;^WOLNTr%ATP\%_LW% OP[%FXSP%YP[%Y[XV^X_P[P%UbL[NST]P]]^[L%TW%9^* [XYL%P%WPU%VXWOX+%i%^W%Y[PVTX%OT%R[LWOP%[T\X* WLW`L+%@bP\YP[TPW`L%VL]^[L]L%WPRUT%LWWT%NXWQP[* VL)%L%\^X%L__T\X)%UbT\]T]^]X%OPU%Y[PVTX%Z^LUP%^WX% OPT%VLRRTX[T%\][^VPW]T%YP[%Y[XV^X_P[P%UbL[NST* ]P]]^[L%OT%Z^LUT]j%Y[P\\X%UL%\XNTP]j%NT_TUP4 Sd^ol\g`hn`& df& ^iha`ldg`hni& _`f& Pl`gdi& Bd`hh\/ f`& _`ffwUhdih`& Eolij`\& Md`m& p\h& _`l& Ric`& Aq\l_& dh#o`ht\& fw\l^cdn`nnol\& `olij`\& ^ihn`gjil\h`\.& j`l^c &d&g`g]ld&_`ff\&bdold\&+^c`&^\g]d\&ibhd&`_d/ tdih`,.& m^`fbihi.& _\d& f\pild& l`\fdtt\nd& dh& Eolij\.& d& jlib`nnd& m`f`tdih\nd.& $h\fdmnd& `.& kodh_d.& df& pdh^dnil`0& Sihi& fili& ^c`& _`^d_ihi& ko\fd& ij`l`& p\fildtt\l`& `& f`& l\bdihd&_d& ko`mn`&_`^dmdihd0& If& Pl`gdi&ld^ihim^`.& dhifnl`.& d& ^iggdnn`hnd.& `& ko`mni& \don\& \& bdo_d^\l`& ohw\l^cdn`nnol\& ^c`& hih& md& fdgdn\& \& p\fildtt\l`& f\& ko\fdn•&\l^cdn`nnihd^\&dhnldhm`^\&_d&^d\m^oh&jlib`n/ ni.&g\&\h^c`&\&ld^ihim^`l`&oh\&]oih\&\l^cdn`nnol\& \f&m`lpdtdi&_`ff\&mi^d`n•0 BPU% NL\X% OPU% _X\][X% D[PVTX% TU% Y[TWNTYLUP% [TNX* WX\NTVPW]X%_L%LUUbXYP[L%ObL[NST]P]]^[L)%P%WXW%LU% Y[XRP]]T\]L+%IWbTVYX[]LW]P%\NPU]L%OT%NLVYX%NSP% Y[XV^X_P%UbXYP[L)%NXW%TU%Y[XRP]]T\]L%\^UUX%\QXW* OX+%D^q%[LNNXW]L[NT%TU%\PW\X%OT%Z^P\]L%\NPU]L4 If&Pl`gdi& &h\ni&j`l&jligoip`l`&oh\&]oih\&\l^cdn`n/ nol\&l`\fdtt\n\.&^c`&ldmjih_\&\d&^ldn`ld&_d&dhhip\tdih`.& ld^`l^\&mj\td\f`.&`!^d`ht\&`h`lb`nd^\.&dhn`h_dg`hni& _`f&xb`hom&fi^dy&`&_`f&^fd`hn`.&^ldn`ld&mo&^od&md& &]\m\/ n\& f\& pdmdih`& _`ffw\l^cdn`nni& _\& ^od& jl`h_`& df& hig`0& Md`m&p\h&_`l& Ric`& Aq\l_& &^iha`ldni&_\&\l^cdn`nnd& \ffw\l^cdn`nnol\.&`&hih&\ff\&nl\d`nnild\&_`ffw\l^cdn`nni0& Dd& a\nni.& h`bfd&ofndgd&32&\hhd.& jli]\]dfg`hn`.& f\& mi/ ^d`n•&c\&dh_obd\ni&nlijji&\&^ihmd_`l\l`&fwdgg\bdh`& _`ffwy\l^cdmn\ly.& dhp`^`& _`d& f\pild& l`\fdtt\nd0& Ih& \fnl`& j\lif`.&f\&mi^d`n &_wibbd&md& &mi%`lg\n\&\&jldg`bbd\l`& fwdgg\bdh`& `& f\& $bol\& _`ffw\l^cdn`nni& a\gimi.& jdon/ nimni&^c`&df&p\fil`&_`ff`&ij`l`&^imnlodn`'&Polnlijji.& `mdmnihi&gifndmmdgd&`m`gjd&_d&jlib`nnd&l`\fdtt\nd&_\& fili&^c`&hih&aohtdih\hi'&Lw\l^cdn`nnol\& &j`l&f\&mi/ ^d`n &`&f`&j`lmih`0&Lw\l^cdn`nni& &fi&mnlog`hni0 8LU%/---)%LU%D[PVTX%m%\]L]L%LRRT^W]L%^WL%cAPW* `TXWP%\YPNTLUPd%YP[%UbL[NST]P]]X,R[^YYX%OT%RTX_L* WT%PVP[RPW]T+%D^q%TUU^\][L[NT%Z^P\]L%\][L]PRTL%OT% Y[PVTL[P%L[NST]P]]T%LRUT%TWT`T%OPUUP%UX[X%NL[[TP[P% NXW% ^W% TVYX[]LW]P% [TNXWX\NTVPW]X% P^[XYPX)% LWNSP%TW%Q^W`TXWP%OPUUP%N[T]TNT]j%OT%L$P[VL`TX* WP%OPUUL%RTX_LWP%[PLU]j%Y[XQP\\TXWLUP%P^[XYPL4 •&mn\ni&^l`_oni&ijjilnohi&_\l`&ohwijjilnohdn•&\bfd& \l^cdn`nnd&^c`&mn\hhi&dhdtd\h_i&f\&fili&^\lld`l\&jli/ a`mmdih\f`0&Oldif&Bicdb\m.&h`bfd&\hhd&_`ff`&Ofdgjd\_d& _d& B\l^`ffih\.& ko\h_i& `l\& \l^cdn`nni& ^igoh\f`.& c\&

_\ni& f\& jimmd]dfdn•& \d& bdip\hd& _d& l`\fdtt\l`& ]fi^^cd& l`md_`htd\fd& h`f& hoipi& ko\lnd`l`& xVdff\& Ofdgjd^\y& \nnl\p`lmi&fwdhdtd\ndp\&xL\jd^`m&_`&iliy0&E&ko`mnd&mihi& mn\nd& ^ifili& ^c`& c\hhi& l`\fdtt\ni& jlib`nnd& _`^dmdpd& h`ff\&^dnn•&h`bfd&\hhd&v<2&`&_`f&42220&•&dhn`l`mm\hn`& \p`l&jinoni&^ihmn\n\l`&fwdh#o`ht\&jimdndp\&_`ff\&pdh/ ^dn\&_`d&jldgd&jl`gd&xM`htdih`&mj`^d\f`y&h`ffw`pifo/ tdih`&_`bfd&mno_d&jlia`mmdih\fd&_`d&bdip\hd&\l^cdn`nnd0 8XYX% P\\P[P% L[[T_L]T% Z^P\]bLWWX% LUUL% .0P\TVL% POT`TXWP)%P%LU%/1h%LWWT_P[\L[TX)%Z^LU%m%TU%MTULWNTX% OPU% D[PVTX4% 7XVP% YPW\L]P% OPMML% Y[X\PR^T[P% Z^P\]L%TWT`TL]T_L)%NXW%Z^LUT%TWOT[T``T%P%\][L]PRTP% OT%Y[XVX`TXWP%P%YX]PW`TLVPW]X4% If&Pl`gdi&c\&ld#`mmi&f\&_dh\gd^\&`&fi&mpdfojji&_`ff\& n`h_`ht\&_`ffw\l^cdn`nnol\&^ihn`gjil\h`\&`olij`\0& D\f& 3<;8& \f& 4235& mihi& mn\nd& jl`gd\nd& jlib`nnd& ^c`& c\hhi&\poni&\&^c`&p`_`l`&^ih&ldb`h`l\tdihd&ol]\h`& `& ^l`\tdihd& _d& d_`hndn•& _d& ^dnn•& \nnl\p`lmi& jlibl\g/ gd& dgjiln\hnd& +j\f\ttd& _d& ^ihbl`mmd.& n`\nld.& ij`l`.& `^^0,.&g\&\h^c`&^ih&bl\h_d&jlib`nnd&dhal\mnlonnol\fd& +j\l^c`bbd.&mn\tdihd& _`ff\& g`nlijifdn\h\.& \`lijilnd.& `^^0,0&Eolij\&c\&\poni&]dmibhi&_d&ko`mnd&jlib`nnd&j`l& ^l`m^`l`&`^ihigd^\g`hn`&`&dh&^igj`ndndpdn•&+]\mnd& p`_`l`& f\& Sj\bh\.& _`$hdn\& ^ig`& xtih\& i]d`nndpi& 4y& _\ff\&EU&_iji&f\&giln`&_d&Fl\h^i,0 If& Pl`gdi& c\& \h^c`&ld#`mmi&f\&n`h_`ht\& _`ff\& ld^`l/ ^\&_d&\l^cdn`nnol`&l`\fdtt\n`&_\&IYKPQZ[IY.&j`l^c &`l\& ko`ffi&^c`&f\&mi^d`n•.&f`&^dnn•.&ld^cd`_`p\hi0&Ol\.&_iji& 47& \hhd& _d& Pl`gdi.& ^c`& ^idh^d_ihi& oh& bl\h& ^\g]di& _d&dh#`mmdih`&`^ihigd^\&`&ailm`&\h^c`&_d&p\fild&_`f/ f\&himnl\&mi^d`n•.& df& Md`m&p\h& _`l& Ric`&Aq\l_& _`p`& ldp`_`l`&d&^ldn`ld&^ih&^od&md&p\fildtt\&f\&\l^cdn`nnol\& ^ihn`gjil\h`\&`olij`\0&Cig`@&Ihh\htd&nonni.&^ig`& Fih_\tdih`.&_i]]d\gi&\m^ifn\l`&`&^\jdl`&f`&_d%`l`hnd& l`\fn•&dh&^d\m^oh&j\`m`&_`ff\&EU&h`ffw\g]dni&_`ff\&^i/ mnlotdih`&`&h`f&ndji&_d&f\pild&`&^iggdmmdihd&^c`&md&l`/ \fdtt\hi0&Sifi&_iji&ko`mni&bl\h_`&f\pili&_d&l\^^ifn\& _\nd.&^c`&pd`h`&l`\fdtt\n\&nl\gdn`&df&[V\Y&_`f&_d]\nndni& moffw\l^cdn`nnol\&xBl`\edhb&h`q&blioh_y.&^c`&\^^ig/ j\bh\&f\&`mjimdtdih`&_`f&Pl`gdi&4235&`&f\&l`nlimj`n/ ndp\&_`d&47&\hhd&\nnl\p`lmi&d&p\ld&j\`md&_`ff\&^igohdn•& `olij`\.&md&jinl\hhi&dh_dpd_o\l`&ko`mnd&^ldn`ld0 E^P\]L% TW]P[_T\]L% LNNXVYLRWL% ^W% W^VP[X% OT% c5@d%OPOTNL]X%LT%W^VP[X\T%Y[PVT%NSP%UP%>\]T]^`TX* WT%OPRUT%C[OTWT%Y[XQP\\TXWLUT%SLWWX%Y[XYX\]X%WPU% ]P[[T]X[TX%UXVML[OX+%>W][L_POP%YX\\TMTUT%\TWP[RTP% ][L%Z^P\]P%\NLUP%OT_P[\P%e%T%Y[PVT%TW]P[WL`TXWLUT% P%T%Y[PVT%UXNLUT%e%P%\P%\p)%NXW%Z^LUT%Y[X\YP]]T_P4 Ammifon\g`hn`&m 0&L\&Fih_\tdih`&`&df&Pl`gdi&c\hhi& ]dmibhi&_d&xl`nli\fdg`hn\lmdy&^ih&d&f\pili&_`bfd&il_d/ hd&jlia`mmdih\fd&fi^\fd0&If&Pl`gdi&_`p`&]\m\lmd&mo&oh& ^ihim^dg`hni& ^\jdff\l`& _`ffw\l^cdn`nnol\& _d& ko\fdn•& ^c`&pd`h`&l`\fdtt\n\&dh&Eolij\.&`&bfd&il_dhd&jlia`mmdi/ h\fd& mihi& fi& mnlog`hni& xdgj\ltd\f`y& +md& mj`l\',& j`l& ld^`p`l`&ko`mn\&dhailg\tdih`0

@X$CVR_$bNZ$QR^$G[UR$ 7cN^Q$l$ZN`[$\R^$ \^[Ya[bR^R$aZN$ Oa[ZN$N^PUV`R``a^N$ ^RNXVeeN`N'$PUR$ ^V_\[ZQN$NV$P^V`R^V$ QV$VZZ[bNeV[ZR'$ ^VPR^PN$_\NeVNXR'$ R!PVRZeN$RZR^TR`VPN'$ VZ`RZQVYRZ`[$ QRX$gTRZa_$X[PVh$ R$QRX$PXVRZ`R'$ P^V`R^V$_a$PaV$_V$ l$ON_N`N$XN$bV_V[ZR$ QRXXfN^PUV`R``[$QN$PaV$ \^RZQR$VX$Z[YR

<TX_LWWL%7L[WP_LUT BQDIJSFSSN#LJKBMFRF'# RJ#KBTQFB#OQFRRN# KX?MJUFQRJS\#EFHKJ#RSTEJ# EJ#5FMNUB#F#KX3>=/0# EJ#0BQDFKKNMB(# ;I2#JM#?QCBM#OKBMJMH#BME# JMGQBRSQTDSTQF'#IB#EJQFSSN# JK#OQNHQBLLB#3QBRLTR# 8TMETR'#3TQNOFBM# 8BRSFQ#NM#JMSFQMBSJNMBK# DNNOFQBSJNM#JM#RTRSBJMBCKF# FLFQHFMDV#BQDIJSFDSTQF(# @JRJSJMH#OQNGFRRNQ#OQFRRN# >?#EJ#2FKGS'#EBK#+)*+# ]#EJQFSSNQF#EFKKB#4TMEBDJ_# 8JFR#UBM#EFQ#<NIF# EJ#0BQDFKKNMB(

05/##l##.,-/

-/


9^^Wef[_W`fa#fW_badS`Wa#VW^^S#LS^S#@[S`#?WddSd[(#9dUZ[h[a#=aUhS(#FSii[#S#Ka_S#V[#YZ[Yae#[VWSe#)#=Sh[VW#<d[bbS(#;SdTSdS#=[#IdWfW#W#?dS`UWeUa#Mae[*# -0 05/##l##.,-/ IdaYWffa#h[`U[fadW#%Wi#SWcga&#VW^^S#USfWYad[S#nB`fWd`[o(#IdW_[a#nKSeeWY`S#^a_TSdVS#V[#9dUZ[fWffgdS#N`VWd#0,o#WV[k[a`W#.,-.*#?afaYdS"W#V[#=Sh[VW#<d[bbS*


74??c4E6<=G8GGB"4??cBC8E4&" 74??4"E=54";B?7"@874?"4;?="BE7=A="CEB98FF=BA4?=&" 4?6HA="68AA="FH="CE8@="7="4E6<=G8GGHE4 E9NK9#FBE9G

S`^ih_i&f\&_`$hdtdih`&^c`&_•&fw`h^d^fij`_d\&Tl`^/ ^\hd.& jl`gdi& & xKQm$ KPM$ ZQ$ YQKM]M$ KVTM$ YQKVTWMUZI$ M$ QU$ YQKVUVZKQTMU[V$ LQ$ WYVWYQ$ TMYQ[Qy& +3,0& Uhi& _`d& mdbhd$^\nd& jd & ^igohd& & oh\& xZVTTI$ LQ$ LMUIYV$ V$ VOOM[[V$WQn$V$TMUV$WYMaQVZV$KPM$ZQ$IZZMOUI$M$ZQ$KVUNM) YQZKM$W\JJSQKITMU[M($WMY$SV$WQn$QU$KMYQTVUQM$LQ$\UI$ KMY[I$ ZVSMUUQ[j($ QU$ YQKVUVZKQTMU[V$ LQ$ LM[MYTQUI[Q$ TMYQ[Q($LQ$\UI$Z\WMYQVYQ[j$LQTVZ[YI[I($ZWMZZV$IUKPM$ KVTM$ QUKVYIOOQITMU[V$ I$ WYVZMO\QYM$ QU$ \UcI[[Q]Q[j$ KVU$TIOOQVYM$QTWMOUVy&+4,0 N`f& gih_i& _`ffw\l^cdn`nnol\.& h\tdih\f`& `& dhn`l/ h\tdih\f`.& d& jl`gd& ^c`& ibhd& \hhi& md& ^iha`ldm^ihi& mihi&ibbd&hog`limd&`&p\ld`b\nd.&nl\&ld^ihim^dg`h/ nd& \ffw\l^cdn`nni& i& \ffwij`l\.& \hho\fd& i& jfold`hh\fd.& ]\h_dnd&_\&mibb`nnd&dmndnotdih\fd.&jldp\nd&i.&dh&j\ln`& jd &jd^^if\.&jlip`hd`hnd&_\f&gih_i&_`ff`&\td`h_`0 Snild^\g`hn`.& bd•& h`f& S`nn`^`hni& +m`^ifi& dh& ^od& jimmihi& `mm`l`& ldhnl\^^d\n`& f`& xl\_d^dy& _`ff\& ^ih/ n`gjil\h`dn•+5,,& md& ^iha`ldm^ihi& jl`gd& _d& \l^cd/ n`nnol\=&f\&g\nld^`& &al\h^`m`.&fw\g]dni&fwA^^\_`gd\& `& f\& $h\fdn•&df& ld^ihim^dg`hni&_`f& p\fil`& _d&\ffd`pd& j\lnd^if\lg`hn`& g`ldn`pifd& _dmndhndmd& \ffwdhn`lhi& _d&oh&^ih^ilmi&\hho\f`0&If&jd &a\gimi.&ldjl`mi&\h/ ^c`& h`ff`& A^^\_`gd`& dn\fd\h`& +6,.& & df& Gl\h_& Pldr& _`&Rig`&^c`.&]\h_dni&_\ffw ^if`&_`m&B`\or&Alnm&_d& P\ldbd&h`ff`& ko\nnli& ^\n`bild`& _d& jdnnol\.& m^ofnol\.& gomd^\& `& \l^cdn`nnol\.& jl`gd\& ^ih& oh& mibbdilhi& \ffwA^^\_`gd\& _d& Fl\h^d\& \& Rig\& `& oh\& ]ilm\& _d& mno_di&$h\htd\n\&_\f&l`&d&moid&\ffd`pd&gdbfdild&+7,0 Lw\^^`tdih`& ^ihn`gjil\h`\& _`f& jl`gdi& jl`h_`& ailg\&nonn\pd\& h`f&3;6;.& ko\h_i.&\ffwdhn`lhi&_d&oh& ^fdg\& ^ofnol\f`& ^c`& dh^il\bbd\& \h^c`& f\& h\m^dn\& `& fi&mpdfojji&_`ff`&mi^d`n•&`&\mmi^d\tdihd&jlia`mmdi/ h\fd& gi_`lh`.& dh& Gl\h& Bl`n\bh\& df& Ris\f& Ihmdnon`& ia&Bldndmc&Al^cdn`^nm&+RIBA,.&h\ni&\&Lih_l\&bd•&h`f& 3;56&+8,.&^iha`ldm^`&f\&jldg\&`_dtdih`&_`ff\&Ris\f&

Gif_&M`_\f& ^c`.& ^ihm`bh\n\& _\ff\& l`bdh\& Vdnnild\& j`l& nl\gdn`& _`f& RIBA.& pd`h`& \mm`bh\n\& \& Cc\l/ f`m& Ri]`ln& Ci^e`l`ff0& Ihdtd\fg`hn`& j`hm\n\& ^ig`& ^ih^fomdih`& _d& oh& ji^i& j\ln`^dj\ni& ^ih^ilmi& j`l& f\&m`_`&_`f&RIBA&mn`mmi.&md&nl\mailg\&mo]dni&dh&oh& ld^ihim^dg`hni&j`l&oh&\l^cdn`nni&j\lnd^if\lg`hn`& _dmndhnimd& j`l& f\& mo\&\nndpdn•&i&d&moid& g`ldnd.&i&oh\& j`lmih\& df& ^od& f\pili& c\& a\pildni.& dh& gi_i& _dl`nni& i& dh_dl`nni.& fw\p\ht\g`hni& _`ffw\l^cdn`nnol\& +9,0& Ciha`ldni& \h^il\& ibbd.& h`d& moid& 387& \hhd& _d& mni/ ld\& c\& \poni& nl\& d& moid&jl`gd\nd& d& higd&jd &dffomnld& _`ffw\l^cdn`nnol\&^ihn`gjil\h`\&gih_d\f`&+;,0& Ih& Eolij\& `& ifnl`i^`\hi.& df& xgi_`ffi& RIBAy& jli/ _o^`& dffomnld& `m`gjd0& Sijl\nnonni& h`f& gih_i& \h/ bfim\mmih`.& h\m^ihi& dmndnond& `& jl`gd& _dl`nn\& $fd\/ tdih`&_`ffwildbdh\f`&+\&W\mcdhbnih.&mifi&j`l&^dn\l`& fw`m`gjdi& jd & dffomnl`.& bd & h`f& 3;79& md& b`nn\hi& f`& ]\md& _d& ^d & ^c`& _dp`hn`l & fwAg`ld^\h& Ihmdndnon`& ia& Al^cdn`^nm/AIA.& ^c`& ^ihm`bh\& f\& mo\& Gif_& M`_\f& _\f& 3<29& ^ih& $h\fdn•& _`f& nonni& mdgdfd& \ffwildbdh\f`& ]ldn\hhd^\&+<,,.& g`hnl`&\h^c`&dh&In\fd\&bl\h&j\ln`& _`ff`& \mmi^d\tdihd.& ^iff`bd& `& mi^d`n•& _d& dhb`bh`ld& `& \l^cdn`nnd&^c`& h\m^ihi&`&md& mpdfojj\hi& h`ff`&jldh/ ^dj\fd& ^dnn•& h`f& ^ilmi& _`ffwOnni^`hni& md& gi_`ff\&mo& `m`gjd& \hbfim\mmihd& +f\& Si^d`n•& _`bfd& Ihb`bh`ld& `& _`bfd& Ih_omnld\fd& _d& Tildhi& & \_& `m`gjdi& x$bfd\y& _`ffwIhmndnondih&ia&Cdpdf&Ehbdh``lm,0 Ih& \hhd& jd & l`^`hnd.&f`& ]\md& b`nn\n`& _\f& RIBA&mihi& mn\n`& m`bodn`& _\d& ld^ihim^dg`hnd& jd & dgjiln\hnd& gih_d\fd& `& ^ihndh`hn\fd.&g`hnl`&c\& dhdtd\ni& \& dg/ jilmd.& nl\gdn`&d&jl`gd&\ffwij`l\.&df& ld^ihim^dg`hni& _`f&p\fil`&^ofnol\f`&_`f&^imnlodni.&_`ff\&]oih\&jli/ b`nn\tdih`.&_`ff`& mo`&^\j\^dn•&_d& jl`$bol\tdih`.& `& _`ff`&dhn`l\tdihd&jimdndp`&^c`&md&jimmihi&dhmn\ol\/ l`& nl\& hoipi& dhn`lp`hni& `& fw\g]d`hn`& ^dl^imn\hn`.& $md^i&g\&\h^c`&mi^d\f`0

30&qqq0nl`^^\hd0dn1pi^\]if\ldi1jl`gdi 40&;JQLMT0 50&R0&G\]`nnd.&C0&Ofgi.&3SSM$YILQKQ$LMSScIYKPQ[M[[\YI$KVU[MTWVYIUMI.& Edh\o_d.&Tildhi.&3<;<0 60&Cal0&G0&Rd^^d&+\&^ol\&_d,.&=cIYKPQ[M[[\YI$UMSSM$3KKILMTQM$YQNVYTI[M*$ ;UZMOUITMU[V($LQJI[[Q[V$K\S[\YISM($QU[MY]MU[Q$W\JJSQKQ.&Go`ldhd.& Mdf\hi.&3<<40 70&Imndnodni&h`f&3885.&f\&m`tdih`&\l^cdn`nnol\&_`f&Gl\h_&Pldr&_`&Rig`& c\&df&moi&jldgi&pdh^dnil`&h`f&3947&dh&Pd`ll`/ nd`hh`&L`&Bih&`&c\& \poni&dffomnld&j`hmdih\hnd.&nl\&^od&H`hld&L\]liomn`&+3;46,.&Cc\lf`m& G\lhd`l&+3;6;,&`&Tihs&G\lhd`l&+3;<<,0& P`l&df&Gl\h_&Pldr&_`&Rig`&^al0&J0/&M0&P liom`&_`&Mihn^fim.&=MZ$AYQ_$ LM$CVTM2$KVUKV\YZ$LM$Sc3KILlTQM$YV`ISM$LcIYKPQ[MK[\YM$I\$HF;;;M$ ZQkKSM.&B`lb`l&/&L`pl\ofn.&P\ldbd.&3<;60 80&If&RIBA&h\m^`&^ih&fwi]d`nndpi&_`f&xb`h`l\f`&\p\ht\g`hni& _`ffw\l^cdn`nnol\&^dpdf`.&jligoip`h_i&`&a\^dfdn\h_i&fw\^kodmdtdih`& _`ff\&^ihim^`ht\&_`ff`&p\ld`&\lnd&`&_`ff`&m^d`ht`&\_&`mm\&^ihh`mm`y.& RIBA&Cc\ln`l&\h_&Bs`f\qm&/&Tc`&Cc\ln`l&3;59&Sojjf`g`hn\f& Cc\ln`l&3<93&\h_&Bs`f\qm.&dh&qqq0\l^cdn`^nol`0^ig1Tc`RIBA1 A]ionUm1Oolmnlo^nol`1Cihmndnondih1Cc\ln`l\h_Bs`f\qm0\mjr(0

U\iRDUB9Lhc 90&&qqq0\l^cdn`^nol`0^ig1Aq\l_m1 Ris\fGif_M`_\f1397Ercd]dndih1Hig`0\mjr ;0&Wdff`g&M\ldhom&Do_ie&+3<57,.&Fl\he&Lfis_&Wldbcn&+3<63,.& Aobomn`&P`ll`n&+3<6;,&L`&Cil]omd`l&+3<75,.&W\fn`l&Glijdom& +3<78,.&Lo_qdb&Md`m&p\h&_`l&Ric`&+3<7<,.&Op`&Aloj&+3<88.&jldgi& dhb`bh`l`,.&Liodm&K\ch&+3<94,0&N`d&n`gjd&jd &l`^`hnd&hih&^w & IYKPQZ[IY&^c`&hih&\]]d\&ld^`poni&f\&Gif_&M`_\f.&g`hnl`&mifi&_o`& mihi&bfd&dn\fd\hd=&R`hti&Pd\hi&+3<;<,&`&Gd\h^\lfi&D`&C\lfi&+3<<5,0& qqq0\l^cdn`^nol`0^ig1Aq\l_m1Ris\fGif_M`_\f1397Ercd]dndih1 RGMM`_\ffdmnm0\mjr <0&LwAd\&h\m^`&\&W\mcdhbnih&^ih&fwi]d`nndpi&_d&xjligoip`l`&f\& jlia`mmdih\fdn•&_`d&moid&g`g]ld&minni&df&johni&_d&pdmn\&\lndmnd^i.& m^d`hnd$^i&`&jl\nd^i0&E&_d&`f`p\l`&f\&jlia`mmdih`.&^ig]dh\h_i& bfd&mailtd&_d&nonnd&^ifili&^c`&mihi&^idhpifnd&h`ff\&jl\nd^\& _`ffw\l^cdn`nnol\.&^ih&fwi]d`nndpi&$h\f`&_`f&b`h`l\f`&\p\ht\g`hni& _`ffw\ln`y0&qqq0\d\0ilb1\]ion1cdmnils1AIAB24;;3< If&jl`gdi& &^ihm`bh\ni&x\&ld^ihim^dg`hni&_d&ohw\nndpdn &mdbhd$^\ndp\& f\&^od&dh#o`ht\&moff\&n`ild\&`&f\&jl\nd^\&_`ffw\l^cdn`nnol\&md\& _ol\nol\y0&qqq0\d\0ilb1jl\^nd^dhb1\q\l_m1AIAB2;<674

DRX$Y[ZQ[$ QRXXfN^PUV`R``a^N$ V$\^RYV$P[ZSR^V`V$ _[Z[$ZaYR^[_V$ R$bN^VRTN`V'$`^N$ ^VP[Z[_PVYRZ`V$ NXXfN^PUV`R``[$[$ NXXf[\R^N'$NZZaNXV$ [$\Xa^VRZZNXV'$ ONZQV`V$QN$_[TTR``V$ V_`V`aeV[ZNXV'$\^VbN`V$ ['$VZ$\N^`R$\Vo$ \VPP[XN'$\^[bRZVRZ`V$ QNX$Y[ZQ[$ QRXXR$NeVRZQR

@L^[L%ATULW IYKPQ[M[[V$M$LV[[VYM$ LQ$YQKMYKI$QU$D[VYQI$ LMSScIYKPQ[M[[\YI$ M$LMSSc\YJIUQZ[QKI*$ CMLI[[VYM$LM$xIf&bdilh\f`& _`ffwAl^cdn`nnol\y$ LIS$.,,.*

05/##l##.,-/

-1


L\h^d\ni&\&Ccd^\bi&_\&J\s&`&Cdh_s&Pldnte`l.&ko`ffi& ^c`& &^igoh`g`hn`&^ihmd_`l\ni&df&xNi]`fy&_`ffw\l/ ^cdn`nnol\&+j`l&f\&_d^cd\l\n\&`&_dl`nn\&dmjdl\tdih`&\f& gi_`ffi& mp`_`m`,& &jligimmi& _\f& 3<9<&_\ff\& Fih/ _\tdih`&Hs\nn&`_& &fw`m`gjdi&jd &dffomnl`&_`d&ld^i/ him^dg`hnd&\ff\&^\lld`l\&_d&oh&mdhbifi&jlib`nndmn\=& ibhd&\hhi&jl`gd\&oh&\l^cdn`nni&pdp`hn`&f\&^od&ij`/ l\&l`\fdtt\n\& &mn\n\&dh&bl\_i&_d&_\l`&oh&^ihnld]oni& mdbhd$^\ndpi& \ffwog\hdn•& `& \f& ^imnlodni& \nnl\p`lmi& fw\ln`& `& fw\l^cdn`nnol\& +32,0& Ah^c`& f\& Gif_& M`_\f& _`ffwUhdih`& dhn`lh\tdih\f`& _`bfd& \l^cdn`nnd& +UIA.& ilb\hdtt\tdih`&hih&bip`lh\ndp\&^c`&_\f&3<6;&^ih/ a`_`l\& f`& \mmi^d\tdihd& h\tdih\fd& _`bfd& \l^cdn`nnd,& _\f&3<;6& &^ihm`bh\n\&^ih&fwi]d`nndpi&ji^i&p`f\ni&+`& $hil\&hih&_`f&nonni&ldom^dni,&_d&_\lf`&fi&mn`mmi&jl`/ mndbdi& h`f& Ni]`f=& jd & dgjiln\hn`& ld^ihim^dg`hni& ^iha`ldni&_\ff\&^igohdn•&gih_d\f`&_`bfd&\l^cdn`nnd.& &\mm`bh\n\&ibhd&nl`&\hhd&\f&n`lgdh`&_`f&^ihbl`mmi& gih_d\f`& `& ld^ihim^`& oh\& ^\lld`l\& `& oh&KVYW\Z&_d& ij`l`&ldn`hon`&j\lnd^if\lg`hn`&mdbhd$^\ndp`&+33,0 Sd& goip`& dhp`^`& _\& mo]dni& mo& jd\hd& _dp`lmd& fwAb\& Kc\h& Aq\l_& ail& Al^cdn`^nol`& ^c`.& bdohni& ibbd& \f& moi& _i_d^`mdgi& ^d^fi.& h\m^`& h`f& 3<99& jligimmi& _\ffwAb\&Kc\h&Fioh_\ndih0&Pldg\& _d&nonnd&bfd&\fnld.& nl\^^d\& oh\& mnl\_\& ^ih& ailnd& ^\l\nn`ld& jl`$bol\nd/ pd0&Cihm`bh\ni&ibhd&nl`&\hhd.&jl`gd\&xWYVOM[[Q$KPM$ PIUUV$ QTWVZ[I[V$ U\V]Q$ Z[IULIYL$ WMY$ ScMKKMSSMUaI$ LMSScIYKPQ[M[[\YI($LMSSI$ WQIUQ#KIaQVUM($ LMSSI$ [\[MSI$ M$ LMSScIYKPQ[M[[\YI$LMS$WIMZIOOQVy&l`\fdtt\nd&dh&j\`md&\& bl\h_`&jl`m`ht\&gomofg\h\&m`^ih_i& ^ldn`ld&^c`.& jldgi&\f&gih_i.&jihbihi&\f&^`hnli&_`ffw\nn`htdih`& oh&^ih^`nni&`mn`mi&_d&ko\fdn•&_`ff\&pdn\&dhmd`g`&\f& ld^ihim^dg`hni&`&\f&ldmj`nni&_`ff`&mj`^d$^dn•&fi^\/ fd& +34,0& N\m^`& dh$h`& h`f& 3<;;& df& g\bbdil`& jl`gdi& `olij`i&_`_d^\ni&\f&^imnlodni.&dhndnif\ni&\&Lo_qdb& Md`m&p\h&_`l&Ric`0&G`mndni&\&B\l^`ffih\&_\ff\&Foh/ _\^d & Md`m& p\h& _`l& Ric`.& _\f& 4222& & _dp`hn\ni& df& jd &dgjiln\hn`&+`&ohd^i&o!^d\f`,&ld^ihim^dg`hni& \l^cdn`nnihd^i&_`ff\&Cigohdn•&`olij`\.&^c`.&\ffwdh/ n`lhi&_`d&^ih$hd&^ihndh`hn\fd.&md&jih`&^ig`&i]d`n/ ndpi&jldh^dj\f`&_d&\nndl\l`&\nnl\p`lmi&bfd&`_d$^d&fw\n/ n`htdih`&mof&^ihnld]oni&_`d&jlia`mmdihdmnd&`olij`d& \ffi&mpdfojji&_d&hoipd&^ih^`nnd&`&n`^hifibd`&+35,0 LwIn\fd\.& mijl\nnonni& h`bfd& ofndgd& \hhd.&c\& pdmni& oh& $ildl`& _d& jl`gd& `& ld^ihim^dg`hnd& ^c`& n`h_ihi& m`gjl`&_d&jd &\&jill`&fw\^^`hni&moff\&ko\fdn &_`f&^i/ mnlodni.&_`d&jli^`mmd&g\&\h^c`&mof&ld^ihim^dg`hni&

_`f&loifi&_`bfd&\nnild&^c`&md&goipihi&\ff`&mo`&mj\ff`0& Gd•&h`f&3<84&dha\nnd&Gdofdi&C\lfi&Alb\h.&f\h^d\h_i& f\&jldg\&`_dtdih`&_`d&jl`gd&h\tdih\fd&_`ffwImndnoni& h\tdih\f`& _d& Al^cdn`nnol\& aih_\ni& _\& Blohi& Z`pd& nl`& \hhd& jldg\.& minnifdh`\& fwdgjiln\ht\& _d& m`bh\/ f\l`.& ifnl`& \bfd& \l^cdn`nnd& g`ldn`pifd& `& j`lmih\fdn•& \nndp`& h`f& jli^`mmi& \lndmnd^i.& `_d$^d& `.& ^ih& `mmd.& df& fili& ^iggdnn`hn`& +36,0& Cihm`bh\nd& dh& gi_i& _d/ m^ihndhoi&$hi&\f&3<<4.&c\hhi&bl\_o\fg`hn`&\ff\l/ b\ni& df& fili& \g]dni&_d& dhn`l`mm`& ^l`\h_i& ^\n`bild`& _d& jl`gd& j`l& f`bbd.& j\l^cd.& m\bbd& _d& ^ldnd^\& mnild^\.& l`mn\oli.& ldaohtdih\fdtt\tdihd& _d& \l``& _`bl\_\n`.& mnlonnol`& `& ldpifb`h_i& f\& fili& \nn`htdih`&\h^c`& \d& ^ihn`mnd&l`bdih\fd&^ih&m`tdihd&\jjimdn`0&R`^oj`l\/ ni&_\f&xjl`^olmil`y&D`_\fi&Mdhimm`&+^c`.&]\h_dni& ibhd& _o`& \hhd& _\& ALA& /& Ammi\l^cdn`nnd& `& R`bdih`& V`h`ni.&_\f&3<<9&jl`gd\&fwdgjiln\ht\&_d&oh\&]oih\& ^iggdnn`ht\& ^ig`& ginil`& j`l& f\& ko\fdn•& _`ffw\l/ ^cdn`nnol\&+37,,.&df&n`g\&_`ff\&^iggdnn`ht\.&dhmd`/ g`&\h^c`&\ffw\nn`htdih`&\d&bdip\hd&jlia`mmdihdmnd.& & \f&^`hnli&_d&ohi&_`d&ld^ihim^dg`hnd&\mm`bh\nd&_\ff\& ldhhip\n\&M`_\bfd\&_wOli&_`ff\&Tld`hh\f`&_d&Mdf\/ hi&^c`.&ldjlijimn\& _\f&4225.&ibhd& nl`&\hhd&jl`gd\& oh&dhn`lp`hni&g`ldn`pif`.&g\&\h^c`&ohwij`l\&jld/ g\&`&oh\&ld^`l^\&+38,0 If&jl`gdi&jo &_\l`&jl`mndbdi&i&\og`hn\l`&fw\onil`/ pif`tt\& _`ffwilb\hdtt\nil`& `& ^ihnld]odl`& \_& \%`l/ g\lh`& df& moi& loifi& ^ofnol\f`0& M\& jo & mijl\nnonni& `mm`l`& j\ln`& _d&mnl\n`bd`& _d&jligitdih`&`& p\fildt/ t\tdih`&_`ffw\l^cdn`nnol\&`&_`bfd&\l^cdn`nnd&h`d&^ih/ alihnd& _`f&bl\h_`& jo]]fd^i& \nnl\p`lmi&f\& m`f`tdih`& _d& dhn`lp`hnd& `m`gjf\ld& j`l& j\lnd^if\ld& ko\fdn•0& Ih& ko`mnwinnd^\& mihi& h\nd& d& jd & l`^`hnd& jl`gd& dn\fd\hd& ]\h_dnd& _\& il_dhd.& dmndnotdihd& i& aih_\tdihd.& f`b\nd& nonnd& _\f& #S$ YV\OM& _d& oh\& xko\fdn•y& dhn`m\& \ffwdhn`l/ hi&_d&^ih$hd&m`gjl`&jd &`mn`md&^c`&jl`gd\.&^ih&oh& i^^cdi&\nn`hni&\d&^ihn`mnd&fi^\fd.&f`&nl\mailg\tdihd& pdlnoim`&_`f&n`lldnildi&`&d&jli^`mmd&^c`&f`&bod_\hi0 Fih_\tdihd&^ig`&fwO_`lti&`&f\&B\l]\l\&C\jji^cdh& _\f&3<<9&`&_\f&4225&^`f`]l\hi.&_\f&V`h`ni&g\&ldpif/ n`&\_&\g]dnd&b`ibl\$^d&_dp`lmd&+O_`lti&md&ldpifb`&\f& Tldp`h`ni.&C\jji^cdh& &dhn`lh\tdih\f`,.&f\&h`^`m/ mdn•&_d&oh\& _d%om\&ldko\fd$^\tdih`& _`ff\& ^dnn•&`&_d& oh\& ko\fdn•& h`ff`& nl\mailg\tdihd& n`lldnild\fd& +39,& ^c`&h\m^`&_\&oh\&pdlnoim\&^iff\]il\tdih`&_d&^ig/ gdnn`ht\.&jlib`nndmn\&`&^imnlonnil`&+3;,0 Ah^c`& gifnd& Ol_dhd& jlia`mmdih\fd& md& mihi& \_`/

320&qqq0jldnte`ljldt`0^ig 330&qqq0od\/\l^cdn`^n`m0ilb1`h1m/dhailg`l1jldr/od\(0 U\^75eB9Lhb 340&qqq0\e_h0ilb1\l^cdn`^nol` 350&qqq0gd`m\l^c0^ig 360&x;$WYMTQ$;?+3C59($VS[YM$I$ZMOUISIYM($M]QLMU[MTMU[M($X\MOSQ$ IYKPQ[M[[Q$KPM$PIUUV$KVTWQ\[V$\U$SI]VYV$LQ$ZQU[MZQ$M$LQ$YQZVS\aQVUM$ #UISM$LQ$[\[[M$SM$KVTWVUMU[Q$LQ$NVYaI$UMSSI$KVTWVUMU[M$\S[QTIb$ KQVk$UMSScVWMYI$LcIY[M($ZVUV$YQ]VS[Q$IUKPM$I$WYMTQIYM$WMYZVUISQ[j$ WVSQ[QKPM($N\UaQVUIYQ$LQ$7U[Q($WYVL\[[VYQ($KYQ[QKQ$LcIY[M($QZ[Q[\[Q$M$ QTWYMZM($KQVk$ScQU[MYI$ZNMYI$LQ$I[[Q]Q[j$M$LQ$QU[MYMZZQ($IS$KMU[YV$LMSSI$ X\ISM$ZQ$WVUM$QS$YQZ\S[I[V$IY[QZ[QKV*$i$WVQ$TVS[V$QTWVY[IU[M$KPM$IUKPM$ Q$WYMTQ$KPM$ZVUV$LMZ[QUI[Q$IOSQ$MLQ#KQ($WYMTQUV$UVU$ZVSV$ScIYKPQ[M[[V$ QLMI[VYM$TI$IUKPM$QS$KVTTQ[[MU[M$M$QS$KVZ[Y\[[VYMy.& qqq0dh\l^c0dn1_`a\ofn0\mjr@j\b?207*f\hb?dn

370&If&Pl`gdi&poif`&_\l`&dgjofmi&\ff\&ko\fdn•&_`ffw\l^cdn`nnol\& bo\l_\h_i&\f&ldmofn\ni.&\h\fdtt\h_i&`&jih`h_i&fw\^^`hni& mof&jli^`mmi&jlib`nno\f`&`&^imnlonndpi&`&moff`&$bol`&^c`& _`n`lgdh\hi&df&mo^^`mmi&_`ffwij`l\=&fw\l^cdn`nni&`&df&^iggdnn`hn`.& ^ih&\f&fili&$\h^i&bfd&`m`^onild&+f`&dgjl`m`,&`&d&_`^dmild& +f`&jo]]fd^c`&\ggdhdmnl\tdihd,0& qqq0_`_\figdhimm`0ilb1dn\1jl`gdi0jcj 380&qqq0nld`hh\f`0ilb1g`_\bfd\_ili4234 390&qqq0jl`gdi\l^cdn`nnol\i_`lti0dn 3;0&qqq0]\l]\l\^\jji^cdhaioh_\ndih0h`n1 f\/aih_\tdih`[39<39440cngf 3<0&qqq0jl`gdij\d0dn1dh_`r0jcj@d_dhai?47;(;0& Ah^c`&V\l`m`& &oh&Ol_dh`&^c`&]\h_dm^`&oh&jl`gdi&^c`&xc\& m^ih$h\niy=&c\&dha\nnd&`mn`mi&d&fdgdnd&_`f&moi&Cf\o_di&B\l\^^\.& ^c`.&l\^^ibfd`h_i&fw`l`_dn•&_`ffwildbdh\ldi&Plimj`nndp`&_d&\l^cdn`nnol\&

-2

05/##l##.,-/


bo\nd.& bo\l_\h_i&\f& jlijldi& n`lldnildi& dh& ohwinnd^\& _d& p\fildtt\tdih`& _`ffw\nndpdn•& _`d& jlijld& dm^ldnnd0& M`hnl`&df&Pl`gdi&PAI& &al\&d&jldgd&^c`.&_\f&3<<7.&c\& jlibl`mmdp\g`hn`&ohdni&jd &il_dhd&jlia`mmdih\fd&`& dmndnotdihd&+_d&\l^cdn`nnd&`&dhb`bh`ld&_`ff`&jlipdh^`& _d&Coh`i.&S\pih\&`&Igj`ld\&`&f`&ohdihd&dh_omnld\/ fd&_d&S\pih\&`&Igj`ld\,&h`f&ld^ihim^dg`hni.&^ig`& jl`^dmi&dgj`bhi&`nd^i&_`d&jliginild.&_`f&gdbfdil\/ g`hni&`& _`ff\& ko\fdn•&h`ff\& ^igjf`mm\&nl\mailg\/ tdih`&_`f&n`lldnildi&+3<,.&Cigi&]\h_dm^`&_\f&3<<6&df& Pl`gdi& M\`mnld& ^ig\^dhd& ^c`&_dmndhbo`& jlib`nnd/ mnd.&g\&\h^c`&dgjl`m`&`&^iggdnn`ht\&_w`^^`ff`ht\& \nnl\p`lmi&f`&ij`l`&l`\fdtt\n`&h`f&n`lldnildi&f\ld\hi& +42,0& Tildhi&]\h_dm^`& _\& 32&\hhd&f`&mo`& Al^cdn`n/ nol`&Rdp`f\n`&+p`lmi&x\UI$TQOSQVYM$X\ISQ[j$LMSScIT) JQMU[M$ KVZ[Y\Q[V($ Z[QTVSIULV$ SI$ KIWIKQ[j$ KYQ[QKI$ LQ$ KPQ($ W\Y$ UVU$ MZZMULV$ \U$ ILLM[[V$ IQ$ SI]VYQ($ NY\QZKM$ X\V[QLQIUITMU[M$LMSScIYKPQ[M[[\YIy&+43,,0&So&ko`mn\& a\fm\ldb\& md& jih`& \h^c`& oh& Nil_`mn& gifni& \nndpi.& ^ih& Al^cdn`nndp`lih\& +^c`.& jligimmi& _\ffwOl_dh`& _d&V`lih\&_\f&422<&ld^ihim^`&ij`l`&l`\fdtt\n`.&jli/ b`nndmnd&`&^iggdnn`hnd&_dmndhndmd&h`f&a\l&`g`lb`l`&f`& ko\fdn•&_`f&^ihn`mni&+44,,&`&Tl`hni&^c`.&dhmd`g`&\f& Cdnl\^&+Cdl^ifi&nl`hndhi&j`l&fw\l^cdn`nnol\&^ihn`g/ jil\h`\,.& md& ldpifb`& \ff\& mo\& jlipdh^d\& `& h`ff\& mo\& ofndg\&`_dtdih`.&^cdom\&\_&\jldf`.&c\&jl`gd\ni&ij`/ l`&_d&ko\fdn•&l`\fdtt\n`&dh&jl`p\f`ht\&h`f&n`lldnildi& _dmj`lmi& \& _dm^\jdni& _`ff`& \l``& ol]\h`0& Mdf\hi& & fwohd^i&^c`&md&jih`&dh&ohwinnd^\&dhn`lh\tdih\f`.&jli/ goip`h_i& _\f& 4229& oh& jl`gdi& ]d`hh\f`& `olij`i& j`l&ij`l`&l`\fdtt\n`&^c`.&_`_d^\ni&\ff\&g`gild\&_d& Ubi&Rdpifn\.&pifb`&fi&mbo\l_i&p`lmi&oh&\g]dni&jli/ b`nno\f`&_d&\h^il\&nlijji&ji^i&dhn`l`mm`&dh&In\fd\.&df& ZVKQIS$PV\ZQUO&+45,0& E.& g`hnl`& \h^c`& Fdl`ht`& c\& f\h^d\ni& h`f& 4234& f\& jldg\& `_dtdih`& _`ffwAT34& +jl`gdi& _d& \l^cdn`nnol\& _`f&n`lldnildi&$il`hndhi+46,,.&df&Ch\jj^&c\&jlijldi& ko`mnw\hhi& _`^dmi& _d& ldf\h^d\l`=& \^^\hni& dha\nnd& \f& jl`gdi&\ff`& ij`l`& l`\fdtt\n`& dhndnif\ni& \ff\& g`/ gild\& _`f& jl`md_`hn`& h\tdih\f`& jl`g\nol\g`hn`& m^igj\lmi&R\%\`f`&Sdld^\.&^c`&md&ldpifb`&\d&jlib`n/ ndmnd&^`l^\h_i&_d&m`hmd]dfdtt\lfd&mod&n`gd&_`ff\&md^o/ l`tt\& _`ffw\]dn\l`& +47,.& mihi& l`^`hndmmdgd& d& jl`gd& Al^cdn`nni&dn\fd\hi&4235&`&Gdip\h`&n\f`hni&_`ffw\l/ ^cdn`nnol\& dn\fd\h\& 4235.& jligimmd& dh& ^ih^igd/ n\ht\&^ih&ko`ff\&^c`&md&poif`&md\&f\&jldg\&`_dtdih`& _`ffw\hho\f`& F`mn\& _`ffw\l^cdn`nni& h\n\& ko`mnw\hhi&

j`l&a`mn`bbd\l`&d&<2&\hhd&_d&jlia`mmdih`&xil_dh\n\y& +48,0 D\f&johni&_d&pdmn\&_`ff`&\td`h_`.&d&jl`gd&\mmogihi& oh\&gifn`jfd^dn•&_d&mdbhd$^\nd0&R\!h\ni&mnlog`h/ ni&_d&TIYRM[QUO& \nnl\p`lmi&^od&^d&md&ldpifb`& \d&jli/ b`nndmnd.& mj`mmi& md& f`b\hi& \f& gih_i& _`ff\& ld^`l^\.& \nnl\p`lmi& ^iff\]il\tdihd& ^ih& Uhdp`lmdn•.& `& _`ff\& ^ofnol\.&nl\gdn`&WIY[UMYZPQW&^ih&ldpdmn`&_d&m`nnil`.& ^ih&oh&i^^cdi&\nn`hni&\d&n`gjd&_`ffw\nno\fdn•0 P\ln`& _d& oh& n`mmoni& jli_onndpi& ^c`.& hihimn\hn`& f\& ^ldmd.& ^`l^\& m`gjl`& _d& jd & _d& bo\l_\l`& \ffw`mn`li& m`ht\& j`l_`l`& df& f`b\g`& ^ih& df& jlijldi& n`lldnildi.& f`&\td`h_`&dn\fd\h`&^c`&ibbd&]\h_dm^ihi&jl`gd&j`l& fw\l^cdn`nnol\& hih& mihi& hog`lim`0& So& nonn`.& C\/ m\fbl\h_`& P\_\h\& & mn\n\& f\& jldg\& \& jligoip`l`.& h`ffwilg\d& fihn\hi& 3<<2.& oh& ld^ihim^dg`hni.& df& Gl\h_&Pldr&igihdgi.&f\&^od&ofndg\&`_dtdih`&md& &_\& ji^i&^ih^fom\&\&Mdf\hi0&B\h_dni&dh&^iff\]il\tdih`& ^ih&xC\m\]`ff\y.& &oh&jl`gdi&\ff`&ij`l`&l`\fdtt\n`& ^c`&m`f`tdih\&d&jlib`nnd&dhn`lh\tdih\fd&^c`&g`bfdi& c\hhi& m\joni& p\fildtt\l`& _`bfd& `f`g`hnd& dh& bl m& jil^`ff\h\ni& jli_innd& _\ffw\td`h_\& `gdfd\h\& +49,0& Do`&mihi&dhp`^`&d&jl`gd&]\h_dnd&_\&F\mm\&Bilnifi& ^c`&f`b\&df&jlijldi&hig`&\ffwUhdp`lmdn•&_d&F`ll\l\.& ^ih& f\& ko\f`& jligoip`& _\f& 4226& df& Pl`gdi& \l^cd/ n`nnol\& mimn`hd]df`& `& _\f& 4232& df& Pl`gdi& Digom& l`mn\oli& `& ^ihm`lp\tdih`0& If& jldgi& & j\ln`^dj\ni& h`bfd&\hhd&_\&\l^cdn`nnd&m`gjl`&jd &dhn`lh\tdih\fd& `&bod_\ni&_\ff\&pifihn•&_d&minnifdh`\l`&fwdgjiln\h/ t\&m`gjl`&^l`m^`hn`&_d&`^ihigdtt\l`&f`&ldmilm`&fd/ gdn\n`&_`f& himnli&jd\h`n\& +4;,.&g`hnl`&df&m`^ih_i& bo\l_\& \f& gih_i& _`f& l`mn\oli.& dgjiln\hn`& ^\gji& _d&ondfdtti&_`d&jli_innd&\td`h_\fd&`&\g]dni&_d&dhn`l/ p`hni& ^c`& _`p`& _dp`hn\l`& m`gjl`& jd & dgjiln\hn`& h`ff`&himnl`&^dnn•&+4<,0 Sd& poif`& dh$h`& f`b\l`& \f& m`gjl`& jd & dgjiln\hn`& `g`lb`l`& _d& oh\& xko`mndih`& a`ggdhdf`y& dh& \l^cd/ n`nnol\&+^c`&dh&In\fd\&mn\&_dp`hn\h_i&m`gjl`&_d&jd & oh\&jlia`mmdih`&a`ggdhdf`&g\&^c`&hih&ld^ihim^`& \ff`&_ihh`&f`&^\j\^dn•.&d&loifd&`&d&bdomnd&l`__dnd&+52,,& df&blojji&In\f^`g`hnd.&^c`&h`f&4234&c\&f\h^d\ni&fw\l/ ^Vdmdih&Pldt`&/&Wig`h&\h_&Al^cdn`^nol`.&jl`gdi& dhn`lh\tdih\f`&_w\l^cdn`nnol\&j`l&xSM$WYVOM[[QZ[M$KPM$ PIUUV$TMOSQV$QU[MYWYM[I[V$QS$Y\VSV$LMSScIYKPQ[M[[V$KVU$ VWMYM$ZQOUQ#KI[Q]M$UMS$KITWV$LMSSM$KVZ[Y\aQVUQ$KQ]QSQ($ YMZQLMUaQISQ($LQ$ZMY]QaQV($KVU$WIY[QKVSIYM$I[[MUaQVUM$ I$ZVKQISM($K\S[\YI$ML$ML\KIaQVUMy&+53,0

h\ni&h`f&4222.& &bdohni&\h^c`&dh&Spdtt`l\.&^igjl`h_`h_i& ibbd&d&n`lldnild&_d&V\l`m`.&P\pd\.&Cigi&`&_`f&C\hnih&Td^dhi& `&d&l`f\ndpd&Ol_dhd&`&Si^d`n•&jlia`mmdih\fd.&]\h_dnild&dgj`bh\nd& h`ff\&jligitdih`0&L`&$h\fdn•&mihi&f\&jligitdih`& _`f&xf\pili&_`d&jlib`nndmnd&^c`&md&_dmndhbo\hi&j`l&f\&ko\fdn•& b`h`l\f`&_`ff\&jlijimn\&\l^cdn`nnihd^\.&j`l&ldbil`&_d&d_``& `&n`^hd^c`&\jjfd^\n`&`&dh&j\lnd^if\l`&j`l&f\&ld^`l^\&_d&dhn`bl\tdih`&n l\&df&jlib`nni&_d&\l^cdn`nnol\.&d&moid&^ihn`hond&dhhip\ndpd& `&df&_d\fibi&^ih&df&n`lldnildiy0& qqq0il_dh`\l^cdn`nndp\l`m`0dn1 dhdtd\ndp`/il_dh`1dn`gfdmn1n\b1jl`gdi)42]\l\^^\)4242340cngf 420&qqq0il_dh`\l^cdn`nnd^igi0dn1dh_`r0jcj@j\b`?jl`gdi 430&qqq0ni0\l^cdqilf_0dn1OTO1Ehbdh`1RAS`lp`PG0jcj1 P159673OTO33221M1686<3OTO3<33 440&qqq0pl0\l^cdqilf_0dn

450&jl`gdildpifn\0il_dh`\l^cdn`nnd0gd0dn 460&qqq0jl`gdi/\n0dn 470&qqq0jl`gdimdld^\0dn 480&L\&f`bb`&^c`&dh&In\fd\&dmndno &bfd&il_dhd&jlia`mmdih\fd&jiln\& f\&_\n\&_`f&45&bdobhi&3<450&qqq0\qh0dn1AWN1Ehbdh`1RAS`lp`PG0 jcj1P14647;3AWN25221M153<23AWN2528 490&qqq0^\m\fbl\h_`j\_\h\0dn1dh_`r0^ag13.;8;.4678.2.cngf1 GRAND/PRIX/4232/4234(0U\<aYEB9Lhb 4;0&qqq0jl`gdi\l^cdn`nnol\0dn 4<0&qqq0jl`gdil`mn\oli0dn 520&Ch\jj^/Cl`mg`.&R\jjilni&4235&moff\&jlia`mmdih`& _d&\l^cdn`nni0&T`lt\&dh_\bdh`&^ihbdohnol\f`&moffi&mn\ni&_`ff\& jlia`mmdih`&dh&In\fd\.&\jldf`&42350 530&qqq0dn\f^`g`hnd0dn1NR1`r`l`m14E;AF<;9/6DFF/696C/;C4A/ 245B<82EB7E30cng

05/##l##.,-/

-3


K[cgS^["USk[a`W#SdUZ[fWffa`[US#W#gdTS`[ef[US#V[#b[SkkS#N`[fw#VmBfS^[S#S#M[dS`a#%La`Vd[a&#V[#FSdUa#@Z[^aff[#W#=S`[W^W#OS`aff[*# -4 05/##l##.,-/ IdaYWffa#h[`U[fadW#VW^^S#USfWYad[S#nGgahW#Uaefdgk[a`[o(#IdW_[a#nKSeeWY`S#^a_TSdVS#V[#9dUZ[fWffgdS#N`VWd#0,o#WV[k[a`W#.,-.*#?afaYdS"W#V[#LfWXS`a#Lgd[S`a*


05/##l##.,-/

-5


NG#IK>FBH#=B #9K<ABM>MMNK9#>NKHI>9#@BNGMH#9EE9#LN9#JN9KM9#>=BRBHG>

CF#JL?GCI#OAI#LCPIFN; 7 46 - 8 9 S#UgdS#V[# KaTWdfa#@S_TS

B^#Ua_b^Weea#;B@jSdV# S#;Wd^[`a#V[#RS`VWddafZ# SdUZ[fW]fW`(#h[`U[fadW#VW^^S# fWdkS#WV[k[a`W#VW^#IdW_[a*

.,

05/##l##.,-/

LwOl_dh`&_`bfd&Al^cdn`nnd&PPC&_d&Mdf\hi&_\f&4229& _`_d^\&\&^ifod&^c`&ao&moi&Cihmdbfd`l`&oh&jl`mndbdimi& jl`gdi.&bdohni&\ff\&ko\ln\&`_dtdih`0&Ubi&Rdpifn\& +3<4<&z&4227,.&_d&ildbdh`&hip\l`m`.&c\&ij`l\ni& \&Mdf\hi&dhmd`g`&\ff\&gibfd`&M\ndf_`&B\%\0&H\& ^imnlodni&hog`limd&dhm`_d\g`hnd&_d&`_dfdtd\& mi^d\f`.&nl\&^od&\&Mdf\hi&\f^ohd&ko\lnd`ld&_d&bl\h_`& p\f`ht\&ol]\h\.&mpdfojj\h_i&oh\&^ih^`tdih`&`& ohw`mj`ld`ht\&^c`&_dp`hh`li.&h`bfd&ofndgd&\hhd&_d& pdn\.&g\n`ld\&_`d&moid&dhm`bh\g`hnd&\f&Pifdn`^hd^i& _d&Mdf\hi&Bipdm\0& IK'.33*K7924*K.-2?265.K-.3KDBBEGK23K(9.426GK92>63<6K \&jlib`nnd&^c`&c\hhi&^ihnld]odni&\ff\&ld^`l^\& `&\f&_d]\nndni&moffwPV\ZQUO&mi^d\f`.&c\&pdmni&68& j\ln`^dj\hnd&+jl`m`hn\nd&dh&oh&pifog`.&`_dni&_\& A]dn\l`&S`b`mn\,0&L\&bdold\.&jl`md`_on\&_\&C\lfi& M`fibl\hd.&\p`p\&jli^f\g\ni&pdh^dnil`&Godff`lgi& V•tko`t&Cihmo`bl\.&j`l&f`&^\m`&jijif\ld&^imnlodn`& dh&ohw\l`\&_d&`mj\hmdih`&\f&hil_&_d&Rin\&+C\_d^`,& `&pdh^dnld^d&_`f&^ih^ilmi&]\h_dni&_\ff\&John\&_`& Ah_\fo^d\0&S`bh\f\nd&d&nl`&jlib`nnd&_d&^`hnlog0i_ila& Ihhm]lo^e.&\l^cdn`nnd&Fli`nm^c`l&Ld^cn`hq\bh`l>&f`& ^\m`&j`l&\htd\hd&\&C\mn`h`_ifi&+Bl`m^d\,&_d&Binnd^dhd& `&Gi!>&bfd&\ffibbd&`&m`lpdtd&j`l&\htd\hd&\&Ciff`]`\ni& +Bl`m^d\,&_d&Bd\h^c`nnd.&Gl`jjd&`&D\mm\0& IK'.33J.-2?265.K+*5-2<*K5.3KDBBFGK2K7960.<<2K;656K;<*<2K 64.&dh&l\jjl`m`hn\ht\&_d&34&j\`md&`olij`d0 L\&bdold\.&^igjimn\&_\&Pd`ll`&Af\dh&Clim`n.& Godff`lgi&V\mko`t&Cihmo`bl\.&Gsilbs&K`l`e`m.& Nd^if\&Bl\bcd`ld&`&Ahnihdi&Bilbcd.&c\&\mm`bh\ni& df&Pl`gdi&\bfd&ohbc`l`md&P n`l&Kdm&`&Cm\]\&V\fe\d.& _`ffi&mno_di&Kdm&P n`l& j n mtgon`lg`.&j`l&f\& l`\fdtt\tdih`&_`f&Pl•n`l&Snl``n&Si^d\f&Hiomdhb&\& Bo_\j`mn0&Lw`_d$^di& &^imndnodni&_\&_o`&pifogd.& ^ih&a\^^d\n`&ldp`mndn`&dh&efdhe`l&m^oli.&\j`lnd&mo&oh& bd\l_dhi&dhn`lhi&`&nl\&fili&^iff`b\nd&_\&`mdfd&jihnd&dh& ^`g`hni0&El\hi&jid&mn\nd&g`htdih\nd&bfd&\ffibbd&_d& Gdilbdi&M\^if\&`&Afaihmi&Z\h`nnd&\&Filn`&G\tt`l\& +V`h`td\,>&_d&J\pd`l&T`ll\_im&C`j`_\.&\&Cihdf&_`&f\& Flihn`l\&+Sj\bh\,&`&_d&Ab`h^`&K\b\h&Al^cdn`^nol`.&\& Piln&S\dhn&M\lndh.&R`hh`m&+Fl\h^d\,0 IK%*K<.9?*K.-2?265.K-.3K(9.426GK+*5-2<*K5.3KDBCCGK1*K pdmni&j\ln`^dj\l`&73&jlib`nnd.&_\&33&j\`md&`olij`d0 L\&bdold\.&jl`md`_on\&_\f&jl`^`_`hn`&pdh^dnil`&P n`l& Kdm&`&^igjimn\&_\&Gdofdi&B\l\tt`nn\.&P`n`l&E]h`l.& Gdil_\h\&F`lld&`&Af`mm\h_li&M\bbdihd.&c\&\mm`bh\ni& df&Pl`gdi&\d&n`_`m^cd&Z\h_`llinc&\l^cdn`en`h&

+S\m^c\&Z\h_`l.&Ccldmnd\h&Rinc.&Kdle\&Fd`nt`e.& Dd\h\&Gohe`f.&God_i&N`o]`^e.&Kihl\_&S^cift.& Lont&Tdhdom&-&c`ll]olb&L\h_m^c\anm\l^cdn`en`h,.& j`l&df&^igjf`mmi&BIGs\l_&\&B`lfdhi0&If&jlib`nni&c\& jlijimni&f\&ld^o^dnol\&_d&oh&dmif\ni.&g`_d\hn`&oh& dhmd`g`&_d&mifotdihd&gilaifibd^c`&`&ndjifibd^c`& gifni&`!^\^d0& Sihi&mn\nd&jid&g`htdih\nd&d&jlib`nnd&_d&Ofdpd`l& Filh`\o&Al^cdn`^nm.&Si^d\f&Hiomdhb&ail&FLW& +B`fbdi,&`&_d&MAB&M\linn\&B\mdf`&\lkodn`^nol\.& `_dfdtd\&mi^d\f`&`&j\l^i&ol]\hi&dh&pd\&G\ff\l\n`&\& Mdf\hi0&Ofnl`&\&ko`mnd.&f\&Gdold\&_`^dm`&_d&m`bh\f\l`& d&jlib`nnd&_d&Ccldmnijc&M\sl&Fdhb`lf`.&A]dn\l`&h`f& j\l^i&/&Cigjf`mmi&\]dn\ndpi&EA9&\&Bift\hi&`&_d& ZdbZ\b&Alkodn`^nol\&+B`lh\l_i&Ahb`fdhd&`&D\pd_& C\mdhi,.&353&\ffibbd&_d&`_dfdtd\&mi^d\f`&Vdp\tt&\& Md`l`m&+Sj\bh\,0 IK$K7960.<<2GK*44.;;2K*33*K8=*9<*K.-2?265.K-*K76,6K ]\h_dn\.&mihi&`_d$^d&_d&`_dfdtd\&mi^d\f`&^imnlodnd.& ^ih^fomd&`&^ihm`bh\nd&nl\&df&b`hh\di&422;&`&df& _d^`g]l`&4234.&mof&n`lldnildi&_`d&49&j\`md&_`ff\& Cigohdn•&Eolij`\&`&_`ff\&Spdtt`l\0&P`l&ij`l`&_d& `_dfdtd\&mi^d\f`&md&dhn`h_ihi&f`&l`md_`ht`&l`\fdtt\n`& j`l&dhdtd\ndp\&_d&ij`l\nild&md\&jo]]fd^d&^c`&jldp\nd.& pdh^if\n`&_\&l`bif`&_d&\mm`bh\tdih`.&ldpifn`&\_&oh\& _ig\h_\&_d&\]dn\tdih`&^c`&hih&nlip\&ldmjimn`&h`f& fd]`li&g`l^\ni0&L`&ij`l`&jinl\hhi&`mm`l`&m`bh\f\n`& _\d&jlib`nndmnd&+fw\onil`&jo &m`bh\f\l`&oh\&mif\& ij`l\&jlijld\,.&_\&`hnd&`&dmndnond&jo]]fd^d&i&jldp\nd.& \mmi^d\tdihd&^ofnol\fd&i&_`f&m`nnil`.&ohdp`lmdn•.& ij`l\nild&dggi]dfd\ld&`&mibb`nnd&^igohko`&\nndpd& h`f&^\gji&_`ffw`_dfdtd\&mi^d\f`.&_\bfd&il_dhd&`& \mmi^d\tdihd&jlia`mmdih\fd.&hih^c &_\ffi&mn`mmi&`hn`& ]\h_dnil`0&L\&bdold\& &^igjimn\&_\&^dhko`&g`g]ld=& S\mc\&Z\h_`l&_d&Z\h_`llinc&Al^cdn`en`h.&pdh^dnild& _`ff\&ofndg\&`_dtdih`.&B\ln&Liinmg\&+Of\h_\,.& Sn`a\hi&God_\ldhd&+In\fd\,.&Gdil_\h\&F`lld&+In\fd\,.& Af`mm\h_li&M\bbdihd&+In\fd\,>&g`g]ld&mojjf`hnd=& Olmdh\&Sdgih\&Pd`ldhd&`&C\gdffi&M\bhd0 If&jl`gdi.&dh&_o`&a\md.&md&mpifb`&dh&ailg\&j\f`m`>&bfd& `f\]il\nd&jimmihi&`mm`l`&_`m^ldnnd&dh&dn\fd\hi&i&dh& dhbf`m`0&Anno\fg`hn`&+dhdtdi&fobfdi&4235,&mihi&mn\nd& \gg`mmd&42&jlib`nnd&_`d&66&m`bh\f\nd&\ff\&m`^ih_\& a\m`0&L`&^ih^fomdihd&p`ll\hhi&l`m`&jo]]fd^c`&`hnli& df&42&hip`g]l`0&Af&pdh^dnil`&m\l•&ld^ihim^doni&oh& jl`gdi&_d&320222&`oli0&•&a\^ifn•&_`ff\&bdold\&dh_d^\l`& $hi&\&nl`&jlib`nnd&g`ldn`pifd&_d&g`htdih`0&F+<+


NG#K>@>LMH#LNEEH#LM9MH#=>EEm9KM>#=>EEm>=BEBRB9#<HF 9L<9

CF#JL?GCI#G;?MNLC#=IG;=CHC /9 7 9 S#UgdS#V[# KaTWdfS#?Sea^S

B^#UW`fda#U[h[Ua#Ga[ha[^ada# S#>dTS(#V[#?dS`Ua#MSY^[STgW# W#BVS#Hd[YY[(#bdaYWffa# h[`U[fadW#VW^^S#eWk[a`W# GgahW#<aefdgk[a`[(#IdW_[a# FSWefd[#<a_SU[`[#.,-.* GW^^S#bSY[`S#eWYgW`fW(# ^mS^^Wef[_W`fa#_geWS^W#V[# <SeS#ISYS`[(#V[#?dS`Ua# MSY^[STgW#W#>^[eSTWffS# MWddSY`[(#bdaYWffa#h[`U[fadW# VW^^S#eWk[a`W#KWUgbWda#V[# Uaefdgk[a`[#We[efW`f[(#IdW_[a# FSWefd[#<a_SU[`[#.,-.* EW#[__SY[`[#ea`a#efSfW# YW`f[^_W`fW#Xad`[fW#VS^^S# d[h[efS#nM9E>$9o#`*#/3*

If&jl`gdi&M\`mnld&Cig\^dhd& &mn\ni&dh_`nni.&mo& dhdtd\ndp\&_`ffwOl_dh`&_`bfd&Al^cdn`nnd&PPC&_d&Cigi& +^ih&df&j\nli^dhdi&_`ffwOl_dh`&_`bfd&Ihb`bh`ld.&Ah^`& `&h`ff`&ofndg`&_o`&`_dtdihd&^ih&f\&^iff\]il\tdih`& _`ff\&ldpdmn\&xTALE*Ay,&j`l&f\&jldg\&pifn\&h`f&3<<60& Ihdtd\fg`hn`&j`hm\ni&^ig`&gig`hni&\hho\f`&j`l&f\& ^l`m^dn\&`&f\&ld#`mmdih`&jlib`nno\f`.&\&j\lndl`&_\f&moi& m`^ih_i&\hhi&_d&pdn\&nlip`l•&^\_`ht\&]d`hh\f`&jldg\& `&nld`hh\f`&jid0&So__dpdmi&nl\&_dp`lm`&^\n`bild`&+hoip`& ^imnlotdihd.&l`^oj`li&_d&^imnlotdihd&`mdmn`hnd.&mj\td& ol]\hd&`&dhal\mnlonnol`.&\l^cdn`nnol`&_wdhn`lhd,& &mn\ni& p\fon\ni.&\h^c`&j`l&df&4234.&_\&oh\&bdold\&\nn`hn\g`hn`& m`f`tdih\n\&`&_d&bl\h_`&jl`mndbdi.&f`&^od&l\jjl`m`hn\ht`& mihi&pifon\g`hn`&mn\n`&m^`fn`&`mn`lh`&\ff\&Plipdh^d\&`& \ffwOl_dh`=&jl`md_`hn`.&df&jlia0&\l^c0&M\l^i&D`&Md^c`fdm& `&g`g]ld&df&jlia0&\l^c0&A_\f]`lni&D`f&Bi&^ih&bfd&dhbb0& S`lbdi&Bdbh\gd&`&Pd`li&Till`nn\0& Li&mn`mmi&\l^cdn`nni&Sn`a\hi&S`h`^\.&^ol\nil`&_`ff`& ofndg`&`_dtdihd.&jl`^dm\&^c`=&xm`^ih_i&oh&jlib`nni& mdmn`g\nd^i&`&p`hn`hh\f`.&^ig`&`pd_`htd\ni&\h^c`& _\ff\&bdold\.&md&_dmndhbo`&_\bfd&\fnld&dmndnodnd&h`ff`&p\ld`& Plipdh^d`.&dh&ko\hni&dhp`mn`&m`gjl`&nonn`&f`&^\mdmnd^c`&`& hih&md&ild`hn\&g\d&p`lmi&oh\&mdhbif\&mj`^d$^dn•>&ko`mni& fi&jiln\&\_&\p`l`&oh&m`hmi&^ldnd^i&dh&m`hmi&pdlnoimi.& _ip`&d&jlia`mmdihdmnd&md&ldg`nnihi&dh&_dm^ommdih`&j`l& a\lmd&bdo_d^\l`&_\&oh\&bdold\&_d&mj`mmil`0&If&Pl`gdi.& ldn`hbi&\]]d\&f\&^\j\^dn•&`&f\&ailt\&_d$b`h`l\l`&oh& _d]\nndni&moffw\l^cdn`nnol\.&^im\&^c`&g`_d\g`hn`&h`f& himnli&j\`m`&g\h^\.&gimmi&_\&nonn\&f\&$fd`l\&^c`&pd& j\ln`^dj\=&^iggdnn`hn`.&dgjl`m\&`&jlib`nndmn\>&_d]\nndni& ^c`.&mifdn\g`hn`.&md&dhh`mn\&_ol\hn`&f\&m`l\n\&_`ff\& jl`gd\tdih`&g\&jid&md&g\hnd`h`&`_&`mj\h_`&^ig`& ohwih_\&mihil\&\h^c`&h`d&bdilhd&mo^^`mmdpd.&n\fpifn\& \h^c`&_\d&nihd&jif`gd^d>&md&jinl`]]`&_dl`&^c`& &oh& imm`lp\nildi&mof&n`lldnildi&^c`&^ih&^\_`ht\&j`ldi_d^\& ^cd`_`&oh&]df\h^di&\ff\&mi^d`n•&l\jjl`m`hn\n\&_\bfd& \l^cdn`nnd&^c`&md&pibfdihi&g`nn`l`&dh&_dm^ommdih`.&`^^i& j`l^c &df&gig`hni&_`ff\&gimnl\.&h`ff\&ko\f`&mihi& `mjimnd&nonnd&d&jlib`nnd.& &df&gig`hni&_d&^ih^fomdih`& `&^`hnl\fdn•&_`f&Pl`gdi0&P`l&fw`mj`ld`ht\&g\nol\n\&dh& _dp`lm`&`_dtdihd.&jimmi&_dl`&^c`&dh&ibhd&i^^\mdih`&+`& ko`mni&hih&jo &`mm`l`&oh&^\mi,&d&^igjih`hnd&_`ff`& bdold`.&c\hhi&g\hda`mn\ni&mnojil`&j`l&fw\fni&fdp`ffi& _`ff`&ij`l`&jl`m`hn\n`0&Qo`mni&dh&j\ln`& &bl\td`&\ff\& nl\_dtdih`&^ofnol\f`&^c`&df&himnli&n`lldnildi&`mjldg`&

_\&m`gjl`&h`ffw\l^cdn`nnol\.&_\f&n`gji&_`d&M\`mnld& Cig\^dhd.&\ff`&\p\hbo\l_d`&_d&dhdtdi&Nip`^`hni.& +l\jjl`m`hn\n`&_\&g\`mnld&_`f&l\tdih\fdmgi&^ig\m^i& mdhi&\d&bdilhd&himnld,&g\hn`h`h_i&pdp\&oh\&^im^d`ht\& ^dpd^\&_`ffw\l^cdn`nnol\0&Sihi&^ihpdhni.&^ig`& l\jjl`m`hn\hn`&_`ffwOl_dh`&`&_d&nonnd&d&jliginild& ^c`&h`f&^ilmi&_d&ko`mnd&\hhd&pd&c\hhi&j\ln`^dj\ni.& _`ffwdgjiln\ht\&_d&jligofb\lfiy0 P`l&ko`mnd&gindpd.&jl`mojjimni&_d&]\m`&_`f&Pl`gdi& & f\&^ih_dtdih`&^c`&md\hi&ld^ihim^don`&f`&ij`l`&+`&hih& d&jlib`nndmnd,0&L\&pifihn & .&kodh_d.&_d&minnifdh`\l`&d& a\nnild&_`n`lgdh\hnd&`&^ihp`lb`hnd&\ffwdhn`lhi&_d&ohi& mn`mmi&f\pili0&Sd&poif`&^im &ld^ihim^`l`&f\&ko\fdn & _`f&jlib`nni&`&_`ffwij`l\&dhn`m`&^ig`&`mjl`mmdih`& _`ff\&^ihp`lb`ht\&^ofnol\f`&nl\&jlib`nndmn\.&dgjl`m\& `m`^onld^`&`&^iggdnn`ht\&+f\&fohbdgdl\ht\&_`ffwd_`\& ohdn\&\f&p\fil`&`^ihigd^i&_`f&]`h`,.&m`^ih_i&f\& $fimi$\&_`d&xM\`mnld&Cig\^dhdy0& Ah^c`&f\&l`^`hn`&`_dtdih`&_`f&4234&`&jl`gd\n\& \ffwdhdtdi&_d&ko`mni&\hhi& &l\jjl`m`hn\ndp\&_`ff\& xailt\&_d&pifihn•&_d&mijl\ppdp`ht\&_`ff\&^ofnol\&`& _`f&p\fil`&_`f&himnli&f\piliy&^od.&hid&jlia`mmdihdmnd.& ^d&\ppd^dhd\gi&^ih&j\mmdih`=&hihimn\hn`&df&_d!^df`& j`ldi_i.&dha\nnd.&]`h&82&mihi&mn\nd&d&jlib`nnd&jl`m`hn\nd& +`&nl\&ko`mnd&gifnd&higd&hoipd,0&If&jl`gdi&poif`& `mm`l`&n`mndgih`&_`ff\&ailt\&_`f&b`mni&jlib`nno\f`&^c`& ^\l\nn`ldtt\&_\&m`gjl`&oh\&jlia`mmdih`&_`fd^\n\&^ig`& f\&himnl\&`&^c`&c\&jl`tdimi&^igjdni&_d&gdbfdil\l`&f\& ko\fdn•&_`ff`&^dnn•&`&_`ffwPIJQ[I[&j`l&fwoigi0& Ojjilnohi& &ldf`p\l`&^ig`&d&jlib`nnd&jl`gd\nd&hih& md\hi&ldpifnd&mifi&\d&nl\_dtdih\fd&mj\td&_`ffw\]dn\l`.& g\&ild`hn\nd&\ffwomi&+md\&fo_d^i&^c`&aohtdih\f`,& _`ff\&^iff`nndpdn•=&df&^`hnli&^dpd^i&Nidpidfili&_d&El]\& +\_&ij`l\&_d&Fl\h^i&T\bfd\]o`&`&I_\&Oldbbd.&j`l&f\& m`tdih`&Noip`&Cimnlotdihd,&`&fw\ff`mndg`hni&gom`\f`& _d&C\m\&P\b\hd&+Fl\h^i&T\bfd\]o`&`&Efdm\]`nn\& T`ll\bhd.&m`tdih`&R`^oj`li&_d&^imnlotdihd&`mdmn`hnd,0& Ah^c`&ko`ffd&g`htdih\nd&mihi&ild`hn\nd&dh&ko`mn\& _dl`tdih`.&dhn`l`mm\h_i.&mj`mmi.&\h^c`&d&foibcd&_`f& f\pili=&3;035&f\&Co^dh\&_`f&T`\nli&+Lo^\&Ag]limdhd& `&M\l^i&Lihb\nnd.&m`tdih`&Al^cdn`nnol\&_wdhn`lhd,.&df& jlib`nni&_`_d^\ni&\ff`&S^o_`ld`&_`f&Glog`ffi&+P\ifi& Bl\g]dff\.&Efdm\]`nn\&Olmihd&`&Cill\_i&T\bfd\]o`,.& bfd&U!^d&C\l]ih^dhd&\&Lig\tti&+M\l^i&C\mn`ff`nnd,& `&f\&nl\mailg\tdih`&_`ff\&j\mnd^^`ld\&Cdnn`ldi&\&El]\&

05/##l##.,-/

.-


+M\l^i&Oln\ffd.&Gd\^igi&Oln\ffd&`&Vdlbdhd\&Oln\ffd,0 Cd &^c`&dh&b`h`l\f`&md&l`mjdl\&h`ffw`f`p\n\&ko\fdn &_`d& jlib`nnd&`mjimnd&`&hih&mifi&_`d&jl`gd\nd.&`pd_`htd\n\.& mj`mmi.&_\ffw\nn`htdih`&jimn\&h`ff\&ld^`l^\&_d&ohwd_`\& b`h`l\nld^`&_`ffwij`l\.&^c`&nlip\.&\&gdi&\ppdmi.&ldmjimn\&

h`ff\&^i`l`ht\&n`^hd^\&_`ff\&mo\&l`\fdtt\tdih`0 I&f\pild&&jl`m`hn\nd.&md&a\hhi&\h^c`&xjl`n`mniy.&i^^\mdih`& j`l&j\lf\l`&_d&\l^cdn`nnol\.&dh_\b\h_i&mof&l\jjilni&nl\& h`^`mmdn•&+df&^iggdnn`hn`,.&d_`\&+df&jlib`nndmn\,&`&ailg\& +fwdgjl`m\,0& •&_\f&^\l\nn`l`&^iff\]il\ndpi&_d&ko`mn`&nl`&^igjih`hnd& ^c`&md&_ipl`]]`&\lldp\l`&\&mpdfojj\l`&ko`f&j\nldgihdi& ^ofnol\f`&_d&\lld^^cdg`hni&ondf`&j`l&f`&hoip`& b`h`l\tdihd&_d&jlib`nndmnd.&d&jlia`mmdihdmnd&_`f& aonoli.&p`lmi&oh\&l`mjihm\]df`&ld^`l^\&mof&jli_inni.& m`hmd]dfdtt\h_i&^im &&nonnd&bfd&\nnild&_`f&mdmn`g\&p`lmi& oh\&^ofnol\&_`ff\&ko\fdn•0& Uh\&ko\fdn &j`l .&^c`&\omjd^cd\gi&jimm\&ldbo\l_\l`& hih&mifi&bfd&\mj`nnd&d_`\ndpd.&n`^hd^d&`&l`\fdtt\ndpd& _`ffwij`l\.&g\.&\h^c`&`&mijl\nnonni.&df&gdbfdil\g`hni& _`ffi&mndf`&_d&pdn\.&^c`&nonn\&f\&mi^d`n•&g`ldn\0 Cd &^c`&md&pill`]]`&`g`lb`mm`&m`gjl`.&\h^c`&_\d& jl`gd.& &df&a\nni&^c`&fw\nn`htdih`&j`l&df&^ihn`mni.&d& g\n`ld\fd&`&f`&hoip`&n`^hifibd`&\_inn\n`.&^ih^ill\hi& \&&nl\mailg\tdihd&pdlnoim`&_`d&n`lldnild0&Uh&Pl`gdi.& _ohko`.&^c`.&n`mndgihd\h_i&df&j\mm\bbdi&_\ffwd_`\& \ff\&mo\&l`\fdtt\tdih`.&poif`&`mm`l`&ld#`mmdih`&\h^c`& \oni^ldnd^\&j`l&hoip`&`&gdbfdild&mnl\n`bd`0& If&a\l`&jlib`nno\f`&hih& &g`l\&l`\fdtt\tdih`&_d&oh& n`g\&aohtdih\f`.&g\&\j`lnol\&_d&oh&_d\fibi&^ih&df& ^ihn`mni=&df&jlib`nni&hih& &l\jjl`m`hn\tdih`&_d&m .&i& mif\&\%`lg\tdih`&j`lmih\f`.&g\.&jimmd]dfg`hn`.&f\& mdhn`md&_`ff`&m`hmd]dfdn•&_`bfd&x\nnildy&z&ij`l\nild&`_& on`hnd&z&^c`&^ih^illihi&\&_dm`bh\l`&df&n`lldnildi0&F+;+

NG#IK>FBH#I>K#O9EHKB RR9K>#BE#I9MKBFHGBH#9K<ABM>MMHGB<H#<HFNG>

CF#JL?GCI#I;< .1 = 3 - 7 9 S#UgdS#V[# ?dS`UWeUa#OS^We[`[

>UaXadg_#S#<^gea`W(# V[#=>4#SdUZ[fWff[(#bdaYWffa# h[`U[fadW#VW^^S#eWk[a`W# 9dUZ[fWffgdS#bd[hSfS(# IdW_[a#H9;#.,-.*

..

05/##l##.,-/

LwOl_dh`&_`bfd&Al^cdn`nnd&Pd\hd$^\nild&P\`m\bbdmnd& Cihm`lp\nild&_`ff\&Plipdh^d\&_d&B`lb\gi&_wdhn`m\& ^ih&fwOl_dh`&_`bfd&Ihb`bh`ld.&^ih&fwAggdhdmnl\tdih`& Plipdh^d\f`.&df&Cigoh`&_d&B`lb\gi.&f\&C\g`l\&_d& Cigg`l^di&`&fwAmmi^d\tdih`&N\tdih\f`&Cimnlonnild& E_dfd&_d&B`lb\gi.&c\&_`^dmi&_d&dhnl\jl`h_`l`& oh&j`l^ilmi&_d&p\fildtt\tdih`&_`f&j\nldgihdi& \l^cdn`nnihd^i&^igoh`.&dhdtd\ni&h`f&4232.&jligoip`h_i& oh&Pl`gdi&j`l&f`&gdbfdild&ij`l`&_wAl^cdn`nnol\&`& P\`m\bbdi&l`\fdtt\n`&mof&n`lldnildi&jlipdh^d\f`0&LwOl_dh`.&

dhmd`g`&\ff`&\fnl`&dmndnotdihd.&c\&pifoni&l`mndnodl`&oh\& ld^ihim^`ht\&^iff`nndp\&\&ko`d&jlib`nndmnd&^c`&c\hhi& m\joni&l`\fdtt\l`&ij`l`&\l^cdn`nnihd^c`&_d&mdbhd$^\ndpi& p\fil`.&hih^c &^`f`]l\l`&f\&jlia`mmdih\fdn &`&ko\fdn & _`ffwdgjl`m`&^c`.&^ih^l`n\g`hn`.&c\hhi&l`mi& jimmd]df`&f\&fili&l`\fdtt\tdih`0&Qodh_d.&df&jl`gdi& OAB&\l^cdn`nnol\& &mn\ni&^iha`ldni&\f&Ciggdnn`hn`.& \ffwIgjl`m\&`&\ffwAl^cdn`nni&i&blojji&_d&jlib`nn\tdih`& ^c`&c\hhi&l`\fdtt\ni&f`&ij`l`0& +I$K\YI$LMSScE"KQV$Z[ITWI$LMSSc@YLQUM,


7L[UX\%ALW^PU% <XVP\%OP%7L[_LUSX& FQKMWYMZQLMU[M$LMSSc@YLQUM$ LMOSQ$3YKPQ[M[[Q$AA5$ LMSSI$AYV]QUKQI$ LQ$4MYOITV$

<W`fda#Ug^fgdS^W# KaTWdfa#@d[ff[(#V[#=9I# efgV[a#%>^W`S#LSUUa(#ISa^a# =S`W^^[&#W#ISa^S#@[SUa`[S(# bdaYWffa#h[`U[fadW#VW^^S# eWk[a`W#9dUZ[fWffgdS# bgTT^[US(#IdW_[a#H9;#.,-.* O[^^S#S#LS`#O[Y[^[a(# V[#ESgdS#;Wff[`W^^[(#bdaYWffa# h[`U[fadW#VW^^S#eWk[a`W# 9dUZ[fWffgdS#S^#XW__[`[^W(# IdW_[a#H9;#.,-.*

JLIGOIP?L?# IJ?L?#>s;L=BCN?NNOL;# LCMJ?NNIM?# >?F#J;?M;AACI N`f&^ilmi&_`bfd&ofndgd&_d`^d&\hhd.&h`ff`& nl\mailg\tdihd&_`f&j\`m\bbdi&_`ff\&himnl\& jlipdh^d\.&mihi&$h\fg`hn`&ld^igj\lm`&f`&nl\^^`&_d& ohw\l^cdn`nnol\&\nn`hn\&\f&n`lldnildi.&ldp`f\h_i&hoip`& \l^cdn`nnol`&^ih&f\&$`l`tt\&_`ffw\jj\ln`h`ht\&\&oh\& ^ofnol\&`olij`\.&^ihn`gjil\h`\&`&ldmj`nnim\&_`f& j\nldgihdi&^igoh`0& Qo`mn\&h`^`mm\ld\&\nn`htdih`.&p`lmi&df&j\nldgihdi& ^ihmifd_\ni.&c\&ildbdh`&h`ff\&^ihm\j`pif`tt\& _`ff\&h`^`mmdn•&mnild^\&_d&ldjiln\l`&fwdgg\bdh\ldi& ^ofnol\f`&^igoh`&\f&jlijldi&j`ldi_i&mnild^i&\nno\f`& `&ldmj`nn\l`&ko`mn\&^ih_dtdih`&h`ff\&jli_otdih`& _`ff`&ij`l`&\l^cdn`nnihd^c`.&f\m^d\h_i&m`bhd& _`ffw`pifotdih`&n`^hifibd^\&_`ff\&himnl\&`ji^\&`&

_`ff\&^ofnol\&`g`lb`hn`&h`f&himnli&n`lldnildi0 If&jl`gdi&_d&\l^cdn`nnol\&OAB&h\m^`&_\ff\&pifihn•&_d& nonnd&d&^ihmdbfd`ld&_`f&hoipi&^ihmdbfdi&_`ffwOl_dh`&_d& ld^ihim^`l`&`&^`f`]l\l`&ko`mnd&jlib`nndmnd&^c`&^ih& f\&fili&n`h\^d\&`&^ih&f\&^iff\]il\tdih`&n`^hd^\&_`ff`& dgjl`m`&_`f&n`lldnildi&mihi&ldom^dnd&\&ldmjih_`l`& \ff`&`mdb`ht`&_`d&fili&\nn`hnd&^iggdnn`hnd.&^ih& g\hoa\nnd&^c`&c\hhi&jli_inni&_`d&gon\g`hnd&_`d& foibcd.&p\fildtt\h_i&`&dh^l`g`hn\h_i&fwi%`ln\& ^ofnol\f`&fi^\f`.&il_dh\h_i&`&j`la`tdih\h_i&d&minndfd& `kodfd]ld&nl\&`_d$^\ni&`&j\`m\bbdi&jlimmdgi0 I&jliginild&_`f&jl`gdi.&^im^d`hnd&_`ff\&^igjf`mmdn•& _`f&g`mnd`l`&_`ffw\l^cdn`nni.&nl\&]oli^l\td\&`& m^\lm\&$_o^d\&b`h`l\f`&h`ffwdhhip\tdih`.&pibfdihi& ^`f`]l\l`&f`&^\j\^dn•&dh_dpd_o\fd&_d&^ifili&^c`& ^ih&^imn\hn`&dgj`bhi&`&_`_dtdih`&f\m^d\hi& m`bhd&_d&lda`ldg`hni&+SIULTIYR,&h`ff\&himnl\& jd^^if\&mnild\&^igoh`&`&h`ff\&himnl\&g`gild\&_d& ^dnn\_dhd&\jj\ln`h`hnd&\&oh\&^igohdn•&dh&^ihndho\& `pifotdih`0& 7L[UX\%ALW^PU%<XVP\%OP%7L[_LUSX

05/##l##.,-/

./


>V["U[a#ba^[Xg`k[a`S^W#SV#9^T[`a(#V[#?ST[a#KafS#GaVSd[#W#?dS`UWeUa#9VadSf[(#bdaYWffa#h[`U[fadW#VW^^S#eWk[a`W#9dUZ[fWffgdS#g`VWd#0,(#IdW_[a#H9;#.,-.*

GTVXWP%7XUL AYMZQLMU[M$LMS$ 6QWIY[QTMU[V$5\S[\YI($ AYVTVaQVUM$ M$5VT\UQKIaQVUM$ LMS$5?3AA5

CHN?LP?HCL?# CH#GI>I#MIMN?HC<CF?# ?#=IHM;J?PIF?# MOF#N?LLCNILCI If&j\`m\bbdi&dn\fd\hi&^ihn`gjil\h`i&hih&md& _dmndhbo`.&h`f&moi&^igjf`mmi.&j`l&oh\&b`mndih`& j\lnd^if\lg`hn`&\nn`hn\&\ff\&ko\fdn•&\l^cdn`nnihd^\.& ^ihm\j`pif`&_`ff\&h`^`mmdn•&_d&b\l\hndl`&oh&^ill`nni& l\jjilni&nl\&jli_otdih`&`_dfdtd\&`&^ihn`mni0&Mifni& mj`mmi.&jli]\]dfg`hn`&nlijji&mj`mmi.&f`&fibd^c`& `&f`&_dh\gd^c`&^ihh`mm`&\ff\&^l`m^dn\&`^ihigd^\& `&\ffi&mpdfojji&jli_onndpi& c\hhi&jldpdf`bd\ni&ohi& malonn\g`hni&_`f&n`lldnildi& dh^\j\^`&_d&ld^`l^\l`& ohw\_`bo\n\&p\fildtt\tdih`& _`f&jlib`nni&_w\l^cdn`nnol\0& If&j\`m\bbdi& &mn\ni& al`ko`hn`g`hn`&pdmni&^ig`& oh&imn\^ifi&jdonnimni&^c`& ^ig`&oh&pdh^ifi&^\j\^`&_d& mndgif\l`&f`&gdbfdild&ldmjimn`& jlib`nno\fd>&l\l\g`hn`& md& &^\jdni&^c`&ko`mn\& ldmilm\.&^ih&df&moi&jiln\ni& ^ofnol\f`&`_&`^ihigd^i.&jo & ^ihn`mno\fg`hn`&^imndnodl`& oh\&aihn`&_d&ld^^c`tt\& g\n`ld\f`&`&_wd_`hndn•& ^ih_dpdm\0& Ih&oh&^ihn`mni&mj`mmi& dh^\j\^`&_d&j`l^`jdl`&f\& ko\fdn•&^ig`&ginil`&_d& mpdfojji&\h^c`&f`&jli^`_ol`& _d&\mm`bh\g`hni&_`bfd& dh^\ld^cd&jlia`mmdih\fd.&

.0

05/##l##.,-/

dh&j\lnd^if\l`&ko`ffd&jo]]fd^d.&md&mihi&\mm\d& l\l\g`hn`&_dmndhn`&j`l&f\&ld^`l^\&_`ffwd_`\&gdbfdil`& ldmjih_`h_i&\&fibd^c`&\mm\d&jd &jlim\d^c`0&L`& ]\nn\bfd`&^ih_inn`&_\&jlia`mmdihdmnd&`&mdmn`g\& il_dhdmnd^i&j`l&fw\_itdih`&_`ff\&jli^`_ol\&_`f& ^ih^ilmi&_d&jlib`nn\tdih`&`.&jd &dh&b`h`l\f`.&j`l&f\& jligitdih`&_`ff\&ko\fdn•&\l^cdn`nnihd^\&c\hhi.&dh& n\f&m`hmi.&inn`honi&ldm^ihnld&\mm\d&dha`ldild&\&ko\hni& \^^\_`&dh&\fnld&j\`md&^ihndh`hn\fd&ko\md&^c`&fwIn\fd\& i_d`lh\&hih&\]]d\&]dmibhi&_d&^ihndho\l`&\&jli_oll`& ]`ff`tt\0& If&Pl`gdi&OAB&c\&_dgimnl\ni&^ig`&md&jimm\& dhn`lp`hdl`&dh&gi_i&^ihm\j`pif`&`&gdmol\ni&mof& n`lldnildi&`&^ig`.&_d&^ihm`bo`ht\.&^d&md\hi&nonn`&f`& ^ih_dtdihd&n`^hd^c`&`&jlia`mmdih\fd&j`l&jligoip`l`& oh&gi_`ffi&_d&mpdfojji&ldmj`nnimi&_`f&n`lldnildi& aih_\ni&\h^c`&moff\&ko\fdn•&_`ff`&ij`l`&`_dfd0& L\&mn`mm\&mnlonnol\&_`ffwdhdtd\ndp\.&^c`&c\&^idhpifni& \h^c`&^iggdnn`hnd&`&^imnlonnild.&`&f`&\nndpdn•&\& ko`mn\&^iff`b\n`&c\hhi&_dgimnl\ni&^ig`&`mdmn\& mof&n`lldnildi&fi^\f`&oh&^ihn`mni&ailn`g`hn`& ^ihm\j`pif`&_`ff\&h`^`mmdn•&_d&jli_oll`&ij`l`& b`h`l\n`&_\&jli^`_ol`&^i`l`hnd&fohbi&nonni&df& jlijldi&j`l^ilmi=&_\ff\&jli^`_ol\&_d&\!_\g`hni& _`ffwdh^\ld^i.&\ff\&jlib`nn\tdih`&_`ffwij`l\.&\ff\& l`\fdtt\tdih`&_`ff\&mn`mm\0& Lwd_`\&_d&mimn`hd]dfdn•&_d&^od&ibbd&n\hni&mj`mmi& md&j\lf\.&g\b\ld&\h^c`&\&mjlijimdni&i&dh&gi_i& mnlog`hn\f`.&ldmj`nni&\ff`&jli^`_ol`&`_dfdtd`&j\mm\& jlijldi&_\d&jl`mojjimnd&jl`^`_`hn`g`hn`&ld^il_\nd>& dh&n\f&m`hmi&df&Pl`gdi&OAB&c\&\poni&df&bl\h_`& g`ldni&_d&`pd_`htd\l`&^ig`&f\&ko\fdn•&_`f&jlib`nni& \l^cdn`nnihd^i&md\&\mmifon\g`hn`&j`lm`bod]df`&`& ^c`& &mifn\hni&himnl\&l`mjihm\]dfdn .&dh&ko\fdn & _d&\ggdhdmnl\nild.&^iggdnn`hnd.&jlib`nndmnd&`& ^imnlonnild.&a\l`&]`h`&f\&himnl\&j\ln`&j`l&l`h_`lf\& oh&`f`g`hni&dgjl`m^dh_d]df`&_`f&himnli&j\hil\g\& koind_d\hi.&md\&$md^i&^c`&^ofnol\f`0& GTVXWP%7XUL


NG#IK>FBH#=m9K<ABM>MMNK9#BGLN;KB<9#I>K#JN9MMKH#HK=BGB #IKHOBG<B9EB

CF#JL?GCI#=F;O>CI#<;L;==; A- = 1 > 1 S#UgdS#V[# <^SgV[a#<Sef[Y^[a`[# W#<Sd^S#@[g^[S#FadWff[

Sd& &l`^`hn`g`hn`&n`hon\&f\&^`ldgihd\&_d&jl`gd\tdih`& _`f&Pl`gdi&_d&Al^cdn`nnol\&Cf\o_di&B\l\^^\.&`_dtdih`& 4234.&^c`&j`l&f\&jldg\&pifn\&_iji&n\hnd&\hhd&c\& xdh^ilih\niy&_o`&_dmndhn`&m`tdihd&_d&pdh^dnild=&ifnl`&\bfd& \ULMY&62&^od&nl\_dtdih\fg`hn`& &_`_d^\ni&df&^ih^ilmi.& j`l&a`mn`bbd\l`&df&^dhko\hn`mdgi&_d&aih_\tdih`& _`ffwOl_dh`&Al^cdn`nnd&_d&V\l`m`& &mn\n\&\j`ln\&\h^c`& oh\&m`tdih`&xm`hdily0 LwOl_dh`&p\l`mdhi&hih& &hoipi&\&dhdtd\ndp`&_d&ko`mni& b`h`l`.&dha\nnd&f\&nl\_dtdih`&_`d&^ih^ilmd&jligimmd& j`l&p\fildtt\l`&`&i%ldl`&ijjilnohdn•&_d&pdmd]dfdn•&\d& bdip\hd&\l^cdn`nnd&md&jo &_dl`&^c`&\]]d\&_\&m`gjl`& ^\l\nn`ldtt\ni&f`&mo`&\nndpdn•0&If&Pl`gdi&_d&Al^cdn`nnol\& Cf\o_di&B\l\^^\.&h`ffi&mj`^d$^i.& &df&ldmofn\ni& _`ffw`pifotdih`&h`f&n`gji&_d&ko`ffi&^c`&`l\&df&jl`gdi& xPlimj`nndp`&_d&Al^cdn`nnol\y.&^c`&pd_`&f\&fo^`&df&49& inni]l`&4222=&_`_d^\ni&\bfd&\ULMY&62.&h\m^`p\&_\ff`& p`ff`dn•&\g]dtdim`&_`d&gifnd&h`idm^ldnnd&^c`&mof&$hdl`& _`bfd&\hhd&v<2&\%iff\p\hi&f`&m\f`&_`ffwOl_dh`&_d&V\l`m`.& bih$\h_i&_d&\mj`nn\ndp`&`&mj`l\ht`&f\&Ciggdmmdih`& Gdip\hd0&Qo`mnd&n\hnd&bdip\hd&p`_`p\hi&h`ffwOl_dh`& oh&foibi&_wdh^ihnli&`&oh&ilb\hdmgi&_\ff`&`hilgd& jin`htd\fdn•.&`&_`md_`l\p\hi&nl\mg`nn`l`&\f&n`lldnildi&d& jlijld&n\f`hnd.&\h^il\&b`h`l\tdih\fg`hn`&dh`mjl`mmd0 xN`ff`&fohbc`&m`l\n`&j\mm\n`&\&^ihalihn\l`&f`& j`lmih\fd&dhkod`no_dhd&z&m^ldp`&fw\ffil\&^iil_dh\nil`& _`f&Pl`gdi.&Eg\ho`f`&Bl\tt`ffd&z&_\&jldh^djd\hnd& dgg\bdh\p\gi&ohi&mnlog`hni&_`_d^\ni&\ff`&jlijimn`& _`d&jd &bdip\hd&^c`&^d&j`lg`nn`mm`&_d&jlijil^d&^ig`& ^l`_d]dfd&`&p\hn\bbdimd&j`l&f\&mi^d`n•y0 L`&\mjdl\tdihd&_`d&bdip\hd&\l^cdn`nnd&md&^ihpibfd\lihi& hog`lim`&kodh_d&p`lmi&d&hoipd&ildttihnd&_dm^cdomd&_\f& jl`gdi&^c`.&h`f&4225.&l`\fdtt &f\&m`^ih_\&`_dtdih`0& If&jl`gdi.&j`l&^im &_dl`.&goip`p\&d&jldgd&j\mmd.&g\& \g]dp\&bd•&hoip`&g`n`&`&d&moid&jliginild&bo\l_\p\hi& ]`h&ifnl`&d&^ih$hd&dhn`ljlipdh^d\fd0 N`f&4227.&fw\ffil\&jl`md_`hn`&_`ff\&Cihmofn\&Sn`a\hi& C\mndbfdihd.&^c`&^ihim^`p\&]`h`&f\&ailgof\&_`f&

K[efdgffgdSk[a`W#V[#g`#Wi#"W`[^W#S#<SY`a# %<a_a&(#V[#9dUacgSffda#9dUZ[fWffgdS# %?dS`]#Ga^We[`[#W#FSee[_a#;a!`a&(# bdaYWffa#h[`U[fadW#VW^^S#eWk[a`W#N`VWd#0,(# IdW_[a#V[#9dUZ[fWffgdS#<^SgV[a#;SdSUUS#.,-.*#

05/##l##.,-/

.1


jl`gdi&_`_d^\ni&\bfd&\ULMY&62.&\^^`nn &f\&jlijimn\& _`ff\&Ciggdmmdih`&bdip\hd&_`ff\&Cihmofn\& fig]\l_\=&df&Cihmdbfdi&_dl`nndpi&_`ff\&Cihmofn\& ldjlijim`&mo&m^\f\&l`bdih\f`&ko`ffi&^c`&n\hni&]`h`& \p`p\&aohtdih\ni&mo&m^\f\&jd &ld_inn\&`&df&jl`gdi.& ^\g]d\h_i&hig`.&_dp`hh`&xUh_`l&62y.&\gjfd\h_i& df&n`lldnildi&_d&^igj`n`ht\&\ffwdhn`l\&Lig]\l_d\0& N`ff\&jldg\&`_dtdih`&f\&Gdold\&l`bdih\f`&^igjimn\& _\&M\ldi&Binn\.&Lodbd&Ccd\l\&`_&Ehld^i&Fl`sld`&c\& pdmdih\ni&oh&^`hndh\di&_d&jlib`nnd&m`f`tdih\h_i&d& pdh^dnild.&jl`gd\h_i&\h^c`&f\&^\j\^dn•&_d&l`\fdtt\l`& \l^cdn`nnol\0 Lw\pp`hnol\&l`bdih\f`&_`f&Pl`gdi&hih&c\&`m\oldni& f\&ailt\&jlijofmdp\&`m`l^dn\n\&h`d&^ihalihnd&_`ff\& jlia`mmdih`.&g\&c\&^iha`ldni&md^ol\g`hn`&g\bbdil& jl`mndbdi&`&\onil`pif`tt\&\ffw`_dtdih`&^c`.&h`f&422;.& h`&c\&m`bh\ni&oh\&hoip\&g`n\gilaimd0&Cih&df&hig`&_d& xPl`gdi&_d&\l^cdn`nnol\&dhmo]ld^\&Cf\o_di&B\l\^^\y& md& &dh\obol\ni&oh&hoipi&^d^fi&_`_d^\ni&\f&hini& jlia`mmdihdmn\&_d&P\pd\.&jl`g\nol\g`hn`&m^igj\lmi0& If&^ih^ilmi&md& &_dm^cdomi&\&hoipd&^ih$hd.&\jl`h_i&f`& jiln`&hih&mifi&\bfd&\l^cdn`nnd&_`f&n`lldnildi&_d&V\l`m`& `&\d&jlia`mmdihdmnd&_d&P\pd\&`&Cigi.&g\&\h^c`&\&ko`ffd& _`f&C\hnih&Td^dhi0& N`f&4234&df&Pl`gdi&^iha`lg\&fw`rnl\&n`lldnild\fdn•& ^ihndho\h_i&\&^idhpifb`l`&d&jlia`mmdihdmnd&nd^dh`md0&L\& ^iff\]il\tdih`&^ih&fwOl_dh`&_d&P\pd\.&df&^idhpifbdg`hni& _`ffwOl_dh`&_d&Cigi&`&_`ff\&Sd\&/&Si^d`n•&dhb`bh`ld& `&\l^cdn`nnd&+m`tdih`&nd^dh`m`,.&^iha`lg\hi&\h^il\& oh\&pifn\&fwdgjiln\ht\&_`f&^ihalihni.&_`f&p\fil`&^c`& dhb`h`l\&mndgif\l`&f\&^oldimdn•&`&f\&^igj`ndndpdn•&_d& n`lldnild&gifni&mdgdfd.&g\&^c`&jol&_`hin\hi&_d%`l`ht`.& dh#o`ht`.&^ihn\gdh\tdihd.&^ofnol`&^c`&c\hhi&m`bodni& j`l^ilmd&_dp`lmd$^\nd0 Lw`_dtdih`&4234&_`f&Pl`gdi&B\l\^^\&c\&pdmni&jlijldi& oh&\l^cdn`nni&nd^dh`m`.&Md^c`f`&Alh\]if_d.&inn`h`l`& f\&j\fg\&_`ff\&pdnnild\&j`l&f\&m`tdih`&xm`hdily&g`hnl`& j`l&bfd&\ULMY&62&mihi&mn\nd&Fl\he&Nif`mdhd&`&M\mmdgi& Bi!hi&_`ffi&mno_di&_d&\l^cdn`nnol\&Al^iko\nnli&\_& \bbdo_d^\lmd&df&jldgi&jimni0& +I$K\YI$LMSScE"KQV$D[ITWI$LMSSc@YLQUM,

<SeS#W#SfW^[Wd#;[^^#S# I[S`WkkS#%;W^^[`ka`S&(# V[#F[UZW^W#9d`STa^V[# 9dUZ[fWff[(#bdaYWffa# h[`U[fadW#VW^^S#eWk[a`W#HhWd# 0,(#IdW_[a#V[#9dUZ[fWffgdS# <^SgV[a#;SdSUUS#.,-.*#

.2

05/##l##.,-/


EmHK=BG>#>#E9#?HG=9RBHG>#? K9MM>#LHE>#I>K#NGm9K<ABM>MMNK9#L9<K9#=B#JN9EBMs

Fs;L=BCN?NNOL;#M;=L; ;-A4 S#UgdS#V[#EgUS#F[Uaff[( O[ffad[a#Id[`S(# 9^WeeS`Vda#MdWh[eS`(# 9`VdWS#OSUUSd[

ES#^aUS`V[`S# VW^^S#WV[k[a`W#.,-/*# BO#WV[k[a`W#VW^#IdW_[a# >gdabWa#V[#9dUZ[fWffgdS# LSUdS(#.,--*#Id[_a#bdW_[a6# @[SUa_a#Fg^Se(#bdaYWffa# VW^^S#UZ[WeS#V[#LS`# ?dS`UWeUa*#MWe[#V[#^SgdWS# nGgahS#UW`fdS^[fw#bWd# Ggada(#N`[hWde[fw#VWY^[# LfgV[#V[#LSeeSd[#%9^YZWda&(# dW^Sfad[6#@a`xS^a#;jd`W#W# @[ahS``[#FSU[aUUa* O[efS#VW^#bdWeT[fWd[a#W# VW^^mSg^S#WUU^We[S^W*

L\&Fih_\tdih`&Fl\n`&Sif`&h\m^`&^ih&fi&m^iji&_d& m`hmd]dfdtt\l`&`&jligoip`l`&f\&ko\fdn•&\l^cdn`nnihd^\& h`f&^\gji&_`ff\&x^cd`m\&^imnlodn\y&dh&fdh`\&^ih&f\& m`hmd]dfdn•&\lndmnd^\&`&gdmnd^\&_`f&aih_\nil`&P\_l`& Cimn\hndhi&Robb`ld.&m^igj\lmi&h`f&42290 Fdh&_\d&moid&jldgd&j\mmd&fwOl_dh`&_`bfd&Al^cdn`nnd& PPC&_`ff\&Plipdh^d\&_d&P\pd\& &mn\ni&WIY[UMY&\nndpi& \&$\h^i&_`ff\&Fih_\tdih`.&j\nli^dh\h_i&hog`limd& `p`hnd.&\jjiln\h_i&ldmilm`.&j\ln`^dj\h_i&\ff\&Gdold\.& mndgif\h_i&oh&^ihalihni&moffwilb\hdtt\tdih`&`& ^iff\]il\h_i&a\nndp\g`hn`&\ff\&_d%omdih`&_`ff\& ^ihim^`ht\&_`d&Pl`gd&_d&Al^cdn`nnol\&S\^l\0 L\&Fih_\tdih`&Fl\n`&Sif`&c\&dmndnodni&_o`&`p`hnd&_d& bl\h_`&ldf`p\ht\&^ofnol\f`&ldpifnd&\&a\l&^ihim^`l`& f`&x`^^`ff`ht`y&`&d&bdip\hd&n\f`hnd&\nndpd&h`f&^\gji& _`ffw\l^cdn`nnol\&m\^l\&\&fdp`ffi&gih_d\f`0 IK;S$AYMTQV$;U[MYUIaQVUISM$LQ$3YKPQ[M[[\YI$DIKYI Sd&nl\nn\&_`f&jd &dgjiln\hn`&jl`gdi&dhn`lh\tdih\f`& mof&n`g\.&dh_dpd_o\&f\&gdbfdil&ij`l\&^imnlodn\&^c`& \]]d\&^ihnld]odni&dh&g\hd`l\&_`n`lgdh\hn`&\ff\& mdbhd$^\tdih`&_`f&m\^li&h`ffw\g]dni&_`ffw\l^cdn`nnol\& ^ldmnd\h\&^ihn`gjil\h`\0&H\&^\_`ht\&ko\_ld`hh\f`& `&h`ff`&mo`&^dhko`&`_dtdihd&+\&j\lndl`&_\f&3<<8,&c\& pdmni&f\&jl`gd\tdih`&_`bfd&\l^cdn`nnd&T\_\i&Ah_i.& Afp\li&Sdt\.&Rd^c\l_&M`s`l.&Jich&P\qmih.&Cldmnd h& Uh_oll\b\0&+P`l&d&ldmofn\nd&_`ffwofndg\&`_dtdih`&p`_d& xALy&6<4.&hip`g]l`/_d^`g]l`&4234,0 IK;S$AYMTQV$7\YVWMV$LQ$3YKPQ[M[[\YI$DIKYI Sd&nl\nn\&_d&oh&^ih^ilmi&]d`hh\f`&^c`&c\&jl`mi&\ppdi& h`f&42270&Pligoip`&df&^ihnld]oni&_d&bdip\hd&\l^cdn`nnd& ^c`&\]]d\hi&jl`m`hn\ni&dh&m`_`&_d&f\ol`\.&_dm^ommdih`& _d&_innil\ni&i&TIZ[MY.&oh&jlib`nni&_d&hoip\& \l^cdn`nnol\&l`fdbdim\&f`b\n\&\f&^ofni&^ldmnd\hi0 If&4235&ld^ill`&f\&V&`_dtdih`&_`f&Pl`gdi&Eolij`i&

_d&Al^cdn`nnol\&S\^l\0&I&jlib`nnd&^ih^ill`hnd&mihi& dhpd\nd&g`_d\hn`&jli^`_ol\&VU)SQUM&j`l&j`lg`nn`l`&f\& j\ln`^dj\tdih`&\&^imni&hoffi0&L\&bdold\& &^imndnodn\&_\f& Cigdn\ni&S^d`hnd$^i&_`ff\&Fih_\tdih`&^c`&dh_dpd_o\& nl`&pdh^dnild0&&L\&Gdold\& &mn\n\&^igjimn\&h`bfd&\hhd&_\& jlia`mmild&ohdp`lmdn\ld&_d&jlip`hd`ht\&dhn`lh\tdih\f`.& _\&`^^`ff`ht`&h`f&^\gji&_`ffw\l^cdn`nnol\&^imnlodn\& `&_\&\onildn•&^igj`n`hnd&dh&g\n`ld\&_d&fdnolbd\0& Ufndg\g`hn`.&j`l&i%ldl`&oh&dh_dldtti&m`gjl`&jd & ohdailg`.&f\&Fih_\tdih`&mn\&^idhpifb`h_i.&dh&ko\fdn•& _d&Gdold\.&df&jlijldi&Cigdn\ni&S^d`hnd$^i0 V`h`l_ &6&inni]l`&jl`mmi&df&Blif`nni&_d&P\pd\&md&n`ll &f\& jl`gd\tdih`&_`ff\&V&`_dtdih`&_`f&Pl`gdi&Eolij`i&_d& Al^cdn`nnol\&S\^l\0&Mig`hni&_d&dh^ihnli&`&m^\g]di& _d&pdmdihd.&ldpifni&jldg\&_d&nonni&\ff\&g\nol\tdih`& \lndmnd^\&_`ff`&bdip\hd&b`h`l\tdihd.&g\&\h^c`& i^^\mdih`&j`l&f\&^dnn•&_d&P\pd\&_d&^iha`lg\lmd&^`hnli&_d& ld^`l^\&`&_d&mno_di&moffw\ln`&m\^l\&dh&In\fd\&`&dh&Eolij\.& ^idhpifb`h_i&bfd&An`h`d&_d&Al^cdn`nnol\&`olij`d& \!h^c &df&_d]\nndni&`&fwdhn`l`mm`&p`lmi&fw\l^cdn`nnol\& m\^l\&md\&m`gjl`&pdpi&`&\bbdilh\ni0 L\&bdilh\n\&m\l•&\lld^^cdn\&_\&\f^ohd&`p`hnd&jligimmd& _\ffwOl_dh`&_`bfd&Al^cdn`nnd&PPC&_`ff\&Plipdh^d\&_d& P\pd\&dh&mnl`nni&f`b\g`&^ih&f\&Fih_\tdih`&Fl\n`&Sif`=& f\&jl`m`hn\tdih`&_`f&fd]li.&`_dni&_\ff\&^\m\&`_dnld^`& Sedl\.&mo&Jim &Oo]l`ld`.&ofndgi&^iff\]il\nil`&pdp`hn`& _d&L`&Cil]omd`l&`.&h`f&jig`ldbbdi.&df&^ihp`bhi&dh&m`hi& \ff\&gimnl\&mof&jlib`nni&_`f&Qo\lnd`l`&P\nldtd\&_d&P\pd\& jlib`nn\ni&h`f&3<88&_\&Afp\l&A\fni&`&g\d&^imnlodni0& L\&gimnl\&p`ll•&\j`ln\&jl`mmi&df&Blif`nni&_d&P\pd\&nl\& m`nn`g]l`&`&inni]l`&42350&I&jlib`nnd&j\ln`^dj\hnd&`&d& pdh^dnild&_`ff`&`_dtdihd&_`d&Pl`gd&Ihn`lh\tdih\fd&`_& Eolij`d&_d&Al^cdn`nnol\&S\^l\&mihi&pdmd]dfd&mof&mdni& qqq0aih_\tdih`al\n`mif`0ilb0&@+A+%`&5+J+ 05/##l##.,-/

.3


NG#IK>FBH#BGM>KG9RBHG9E>#=B#9K<ABM>MMNK9#BG#IB>MK9

CF#JL?GCI#;L=B%MNIH?s.0 .= 1 > /4 S#UgdS#V[#KaTWdfa#LS^Wd[# W#ISa^S#Ma`W^^[

ES#^aUS`V[`S# VW^^S#WV[k[a`W#.,-/*# 9dUZ$Lfa`W#WV[k[a`W#.,,4*# Id[_a#bdW_[a6#;W`[S_[`a# LWdh[`a(#S_b^[S_W`fa#W# d[_aVW^^S_W`fa#V[#g`S#USeS# S#IakkahWfWdW#%<SeWdfS&*

Al^c*Snih`w35& &f\&m`^ih_\&`_dtdih`&_d&ohwdhdtd\ndp\& j\nli^dh\n\&_\ffwOl_dh`&_`bfd&Al^cdn`nnd&PPC&_`ff\& Plipdh^d\&_d&Bl`m^d\&`&jligimm\&_\f&Cihmiltdi& Pli_onnild&M\lgi&Binnd^dhi&Cf\mmd^i0&Lwi]]d`nndpi& _`f&Pl`gdi& &ko`ffi&_d&a\l&^ihim^`l`&`&jl`gd\l`&ij`l`& _d&\l^cdn`nnol\&^ihn`gjil\h`\.&l`\fdtt\n`&\nnl\p`lmi& fdhbo\bbd&`&mifotdihd&jlib`nno\fd&^\j\^d&_d&`m\fn\l`&f`& ko\fdn•&$md^c`&`_&`mn`nd^c`&_`ff\&jd`nl\&h\nol\f`&+_d& ko\fmd\md&jlip`hd`ht\&b`ibl\$^\,.&dh&gi_i&n\f`&^c`& \mmog\&df&loifi&_d&jlin\bihdmn\0&If&jl`gdi&md&jlijih`& ^ig`&`p`hni&`m^fomdp\g`hn`&^ofnol\f`=&mnlog`hni& _d&jligitdih`.&foibi&_`f&^ihalihni&al\&f`&hoip`& n`h_`ht`.&_ip`&jimmihi&nlip\l`&mj\tdi&`&pdmd]dfdn•& m^`fn`.&mj`mmi&^il\bbdim`&`&ildbdh\fd.&$lg\n`&_\& jlib`nndmnd&^c`&\nnl\p`lmi&mj`ldg`hn\tdih`&`&ld^`l^\& c\hhi&^ih^l`ndtt\ni&d_``&`&dh_\b\ni&f`&jlijld`n•& $md^c`.&g`^^\hd^c`&`_&`mn`nd^c`&_`ff\&jd`nl\&h\nol\f`0 Al^c*Snih`w35.&ldmj`nni&\ff\&jl`^`_`hn`&`_dtdih`& _`f&422;.&\gjfd\&df&moi&\g]dni&_\&h\tdih\f`&\& dhn`lh\tdih\f`.&ldpifb`h_imd&\h^c`&\d&jlib`nndmnd& `olij`d0&L`&ij`l`&^c`&jinl\hhi&j\ln`^dj\l`&_ipl\hhi& `mm`l`&mn\n`&l`\fdtt\n`&nl\&df&3}&b`hh\di&4222&`&df&53& _d^`g]l`&42340 Ah^c`&j`l&fw`_dtdih`&dh&^ilmi&mihi&jl`pdmnd&nl`& ld^ihim^dg`hnd&dh&_`h\li.&oh&jldgi&jl`gdi&\mmifoni& `&_o`&g`htdihd&mj`^d\fd0&Tonn\pd\.&g`hnl`&h`ff\& jldg\&`_dtdih`.&^c`&ldbo\l_\p\&`_d$^d&jo]]fd^d& `&jldp\nd&_d&ko\fohko`&ndjifibd\.&ifnl`&\f&jldgi& jl`gdi.&f`&_o`&g`htdihd&mj`^d\fd&ldbo\l_\p\hi&fwoh\.& ohwij`l\&l`\fdtt\n\&g`_d\hn`&fwondfdtti&_d&g\n`ld\fd& f\jd_`d&fi^\fd&+immd\&jlip`hd`hnd&_\&^\p`&^iffi^\n`& h`f&g`_`mdgi&\g]dni&b`ibl\$^i&_d&l`\fdtt\tdih`& _`f&jlib`nni,&`&fw\fnl\.&ohwij`l\&h`ff\&ko\f`&md\&mn\ni& dgjd`b\ni&df&g\lgi&]innd^dhi&^f\mmd^i&+ko`mnwofndg\& hih&\mm`bh\n\,.&h`ffw`_dtdih`&\nno\f`&df&jl`gdi& \mmifoni& &_`mndh\ni&\_&oh&`_d$^di&jo]]fd^i&i&jldp\ni.& g`hnl`&f`&_o`&g`htdihd&jl`gd`l\hhi&fwoh\.&ohi& mj\tdi&jo]]fd^i.&`&fw\fnl\.&ohwij`l\&l`\fdtt\n\&^ih&

fwdgjd`bi&_`f&g\lgi&_d&]innd^dhi0&L\&bdold\.&^od&mj`nn\& df&^igjdni&_d&m`f`tdih\l`&f`&ij`l`&jd &mdbhd$^\ndp`.& &ailg\n\&_\=&j`l&f\&m`^ih_\&pifn\&df&Pl`md_`hn`& m\l•&Gdip\hhd&L`ihd.&_dl`nnil`&_`f&Ddj\lndg`hni&_d& Al^cdn`nnol\&_`ffwUhdp`lmdn•&_d&Bifibh\.&mnild^i&`& ^ldnd^i.&\onil`&_d&hog`lim`&jo]]fd^\tdihd&_`_d^\n`& \ffw\l^cdn`nnol\&^ihn`gjil\h`\>&B`hhi&Af]l`^cn.& jlib`nndmn\.&pdh^dnil`&_d&hog`limd&^ih^ilmd& h\tdih\fd&`&dhn`lh\tdih\fd.&_i^`hn`&\ffi&IUAV&_d& V`h`td\>&M\mmdgdfd\hi&C\pd\m^\.&_dl`nnil`&_`f& M\mn`l&Al^cdn`nnol\&`&^imnlotdih`&/&Plib`nn\tdih`& ^ihn`gjil\h`\&^ih&f\&jd`nl\&jl`mmi&df&Pifdn`^hd^i& _d&Mdf\hi>&M\l^i&Mof\tt\hd.&_i^`hn`&\ffwUhdp`lmdn•& _d&F`ll\l\.&l`_\nnil`&_d&xC\m\]`ff\y>&M\ldi&Rimmd.& dhb`bh`l`&`&jl`md_`hn`&_`ff\&^iij`l\ndp\&Oj`l\d& ^\p\nild&_`f&]innd^dhi0 L\&bdold\&m`f`tdih`l &f`&ij`l`&ldn`hon`&jd &dhn`l`mm\hnd& ^c`&m\l\hhi&\h^c`&ibb`nni&_d&oh\&gimnl\&`&_d&oh\& jo]]fd^\tdih`&^c`&l\^^ibfd`l•&nonnd&d&f\pild&j\ln`^dj\hnd& \f&jl`gdi0&Lwdhdtd\ndp\& &\nno\fg`hn`&dh&jd`hi& mpifbdg`hni=&df&n`lgdh`&j`l&fwdm^ldtdih`& &m^\_oni&df&48& fobfdi.&g`hnl`&ko`ffi&j`l&f\&^ihm`bh\&_`bfd&`f\]il\nd&mn\& j`l&n`lgdh\l`&df&8&m`nn`g]l`&42350&D+H+

NGmBGBRB9MBO9#=>EEmHK=BG>#I>K#IKHFNHO>K>#Em9K<ABM>MMNK9#EH=B@B9G9

M?AHC#%#MIAHC#;#FI>C 69 0 4 S#UgdS#V[#9``S#9d[a^[

.4

05/##l##.,-/

#$%'&!"!#(%'&"k"^WcSWSaSK]S_K"MRO"O\]OWNO"UcSNOK" NS"dY[OVSXe"K"Y[X\YO]]S_O"YSm"KVYSO&"K]][SL^OWNX" SU"VO[S]X"KS"VSQUSX[S"Y[XQO]]S"\_SU^YYK]S"K"?XNS" WOQUS"^U]SVS")-"KWWS"K]][K_O[\X"UK"\OUOaSXWO" NS"^W"6XVS]K]X"\MSOW]S!MX&"UcO\YX\SaSXWO"O"UK" Y^LLUSMKaSXWO'"CX][OVVX"YK[UK[O"YSm"Y[OMS\KVOW]O" NS"^W"d[SMXWX\MSVOW]Xe"NOUUcK[MRS]O]]^[K2"MRO"MX\K" \SQWS!MK"O"MRO"!WKUS]j"Y^l"K_O[O"WOUUO"MXV^WS]j" MXW]OVYX[KWOO3" S`&imm`lpd\gi&d&jl`gd&_d&\l^cdn`nnol\&^ihn`gjil\h`d& dh&Eolij\.&\fg`hi&ko`ffd&jd &dhn`l`mm\hnd&`&pdp\^d.& ^\jd\gi&dgg`_d\n\g`hn`&^c`&jd &^c`&f\&m`f`tdih`& _`f&jd &]l\pi& &aih_\g`hn\f`&ibbd&df&ld^ihim^dg`hni& _`f&p\fil`&_`ff\&^igohdn•.&_`f&blojji&_d&jlib`nndmnd& g`ldn`pifd.&_`ffwdhmd`g`&_d&ailt`&^c`&c\hhi&jiln\ni& \p\hnd&oh\&m`ld`&_d&ij`l\tdihd&]`h`$^c`&mof&n`lldnildi0&

Obbd&jd &^c`&g\d.&mijl\nnonni&dh&In\fd\&_ip`&\ff\&himnl\& _dm^djfdh\& &\nnld]odni&m^\lmi&g`ldni&mi^d\f`&`&^ofnol\f`.& &olb`hn`&\ppd^dh\l`&f\&mi^d`n &dhn`l\&\f&p\fil`&^dpdf`& _`ffwAl^cdn`nnol\.&a\^`h_i&^igjl`h_`l`&^c`&`mm\&jo & l`\fg`hn`&dh_dldtt\l`&d&jli^`mmd&_d&ldko\fd$^\tdih`&`& ^l`m^dn\&_`f&n`lldnildi.&`&dh&ko`mni&jli^`mmi&_dpofb\ndpi& fwdhdtd\ndp\&xjl`gdiy&jo &gifndmmdgi*$DMOUQ$%$DVOUQ& h`ff\&l`\fn•&fi_dbd\h\.&^ig`&\fnl`&dhdtd\ndp`&_d& jd^^ifi/g`_di&l\bbdi.&c\&\poni&df&g`ldni&_d&xjiln\l`& fw\l^cdn`nnol\&j`l&mnl\_\y.&_d&xg`nn`l`&dh&gimnl\y& jlib`nnd&`&jli^`mmd&a\^`h_ifd&f`bb`l`&dh&g\hd`l\&^cd\l\.& _d&dh^oldimdl`&df&jo]]fd^i.&hih&mifn\hni&bfd&\l^cdn`nnd&`& bfd&\ggdhdmnl\nild.&^c`&kod&$h\fg`hn`&md&mihi&g`mmd&dh& _d\fibi.&jd &i&g`hi&mdh`lbd^i&g\&^`ln\g`hn`&a`lndf`0 •&ko`mni&fwi]d`nndpi=&^c`&f`&himnl`&^igohdn•&md&m`hn\hi& _\pp`li&n\fd&bl\td`&\f&loifi&_`^dmdpi&_`f&jlib`nni.&


^c`&d&^dnn\_dhd&md\hi&jiln\nd&\& ldjl`h_`l`&^ihm\j`pif`tt\& _`ffw\l^cdn`nnol\.&_\f&gig`hni& ^c`&`mm\& &ohi&_`d&jldgd& mnlog`hnd&j`l^c &ko`mni&m`hmi& _d&\jj\ln`h`ht\&`&ko`mn\& jimmd]dfdn•&nl\mailg\ndp\& jimm\hi&\p`l`&m`bodni0&

@^NL%AXUTWL[T QZKYQ[[V$ISSc@YLQUM$LQ$=VLQ($ KYQ[QKV$LcIYKPQ[M[[\YI$ M$WYVNMZZVYM$IZZVKQI[V$ LQ$D[VYQI$LMSSc3YKPQ[M[[\YI$ KVU[MTWVYIUMI$WYMZZV$ SI$8IKVS[j$LQ$3YKPQ[M[[\YI$ d=\QOQ$FIU]Q[MSSQe$ LQ$?IWVSQ*$ 9I$KVU[YQJ\Q[V$ISScQUQaQI[Q]I$ S`bhd&*&Sibhd$KVU$\U$[MZ[V$ QU[YVL\[[Q]V$IS$KI[ISVOV$ M$\UI&f`^ndi&g\bdmnl\fdm$ ISSI$TVZ[YI$&V[[VJYM$.,-.'

OWVgfW#VW^^m[`SgYgdSk[a`W# V[#/67=9"/>7=9$

Nin`= 30&3U$;[ISQIU$TIUQNMZ[V*$ ;[ISQI$.,0,$&L\M$IUUQ$LVWV'& &df&ndnifi&_`f&n`mni& dhnli_onndpi&\f&C\n\fibi& _`ff`&ij`l`&m`f`tdih\n`& j`l&DMOUQ$%$DVOUQ&_d&Lo^\& Mifdh\ld.&ld`f\]il\tdih`& _d&ko\hni&m^ldnni&dh&\j`lnol\& _`f&P\_dbfdih`&In\fd\& \ff\&XII&Bd`hh\f`&_d&V`h`td\0

?cB[NSWO"NOQUS"K[MRS]O]]S" O"UK"Y[X_SWMSK"S]KUSKWK&" Z^OUUK"NS"?XNS"WOU"MK\X" \YOMS!MX&"YX\\XWX"O\\O[O" \ONS"Y[S_SUOQSK]O"YO["UK" \YO[SVOW]KaSXWO"NOU"Y[XQO]]X" O"Y[X]KQXWS\]S"K]]S_S"YO[" KWSVK[WO"SU"NSLK]]S]X"O"UK" M[O\MS]K2"SW"MRO"VXNX3" MXW"Z^KUS"USVS]S"O"MXW"Z^KUS" YX]OWaSKUS]j3" N`ff\&jlipdh^d\&nonni& &jd & l\jd_i&`&_dl`nni.&d&jli^`mmd& _`^dmdih\fd&mihi&jd &p`fi^d.& fw`^ihigd\& &g`_d\g`hn`&ld^^\.& h`f&m`hmi&^c`&f\&l`f\tdih`&nl\& df&jin`l`&`^ihigd^i&`&df&jlib`nndmn\&jo &`mm`l`&a\^df`& `&dgg`_d\n\.&g\b\ld&^\l`hn`&minni&^`lnd&johnd&_d&pdmn\& g\&^`ln\g`hn`&xal`m^\y.&_\pp`li&\&jiln\n\&_d&g\hi& `&j`l^d &^ih^l`ndtt\]df`0&Fdhi&\&ji^cd&\hhd&a\&`l\& jlijldi&kod&f\&m`_`&mj`ldg`hn\f`&_`f&jlib`nni.&kod&md& nlip\p\&f\&gdbfdil`&\l^cdn`nnol\&dn\fd\h\&+ibbd&md&mn\hhi& p`ld$^\h_i&a`hig`hd&\h\fibcd&\h^c`&h`ff`&bl\h_d&^dnn•.& _ip`&f\&n`h_`ht\& &_d&_`^`hnl\l`&d&jin`ld&_`^dmdih\fd&`& _d&^l`\l`&ko\lnd`ld&\onihigd&`&m`gjl`&jd &pdpd]dfd,0&Ih& jlipdh^d\&df&bdip\h`&nlip\&jd &mj\tdi.&df&xj\mm\/j\lif\y& ^ihm`hn`&f\&^imnlotdih`&_d&l`nd&_d&f\pili&`%`nndp`.& fw\l^cdn`nni&p`_`&ldmj`nn\ni&df&jlijldi&loifi&mi^d\f`.&f\& ^iggdnn`ht\&jldp\n\&h`&^ihim^`&j`lmih\fg`hn`&f`& ^\j\^dn•&`&ko`ff\&jo]]fd^\&c\&$_o^d\&dh&fod.&bfd&md&\!_\&`& ^ih&fod&md&g`nn`&_dl`nn\g`hn`&dh&bdi^i0& Qo`mn\.&h`f&]`h`&`&h`f&g\f`.&^d&md&ldp`f\&`mm`l`& ohw`hilg`&jin`htd\fdn•&nl\mailg\ndp\0&•&dh&ko`mni& jli^`mmi&^c`&_`p`&`hnl\l`&dh&^\gji&fwOl_dh`.& gdl\ni&`&jlijimdndpi&h`f&bod_\l`&f`&m^`fn`&`&h`f&a\lf`& ^igjl`h_`l`&\ffw`mn`lhi0&S`&`mmi&hih& &mifn\hni&jol\& \ggdhdmnl\tdih`&]oli^l\nd^\&_d&oh\&^\mn\.&g\& &dh& bl\_i&_d&\mmog`l`&oh&loifi&\nndpi&mi^d\fg`hn`&`& jifdnd^\g`hn`&dh&^dnn•&+^ig`&\&Li_d&i&\&V\l`m`.&nl\&d&^\md& pdlnoimd&fig]\l_d,.&\ffil\&bfd&m\l•&ld^ihim^doni&ko`mni& p\fil`&_`n`lgdh\hn`.&_d&foibi&_ip`&md&jli_o^`&^ofnol\.& h`f&moi&m`hmi&jd &\gjdi.&`&f\&md&`mjiln\&\ffw`mn`lhi0& LwOl_dh`&^c`&jligoip`&oh\&gimnl\.&oh&jl`gdi&]`h& a\nni.&oh&^ih^ilmi&i&\fnl`&dhdtd\ndp`&_d&^l`m^dn\&`&_d& y\oni/^ihim^`ht\y&^ig`&ko`mn`.&^c`&ld`m^`&\&g`nn`l`& dh&_d\fibi&bfd&\nnild&_`d&jli^`mmd&nl\mailg\ndpd&`&c\& df&^il\bbdi&_d&`mm`l`&m`gjl`&jd &m`f`nndpi.&_d\f`nnd^i& `&^imn\hn`&dh&ko`mn\&fdh`\&_w\tdih`&jo &_dp`hn\l`& g`_d\nil`&jifdnd^i&ldf`p\hn`&j`l&f`&\ggdhdmnl\tdihd& fi^\fd&`&jldgi&\nnil`&_`ff`&mnl\n`bd`&_d&mpdfojji.&m`gjl`& jd &\nndpi.&nl\mj\l`hn`&`&\^^`mmd]df`&\&nonnd0&

NS"NK[O&"\O"NX_O\\SVX"[SY[XYX[WO"^WK"UO]]^[K" M[S]SMK"f"O"U^WQSVS[KW]O"f"NKU"*()*"KU"*(-("#)$3 M`bfdi&j`hm\l`&\&g`_di&n`lgdh`.&djindtt\h_i&oh& j`ldi_i&jd &]l`p`.&4234/4242'&Nih&jimmd\gi&hih& ldf`p\l`&nl\&d&jlib`nnd&dh&^\n\fibi.&hihimn\hn`&df&p\fil`& _d&\f^oh`&`^^`tdihd.&f\&ko\fdn•&g`_di/]\mm\&_`ffw`_dfdtd\& l`md_`htd\f`.&\h^il\&nlijji&f`b\n\&\ff`&_dh\gd^c`& mj`^of\ndp`0&Ah^c`&bfd&mno_d&_d&Pd\hd$^\tdih`& ol]\h\&`&n`lldnild\f`&hih&mjd^^\hi&h &_dgimnl\hi& fw\mmdgdf\tdih`&_d&gi_`ffd&pdlnoimd&ilg\d&^ihmifd_\nd& dh&gifn`&^dnn•&`olij``0&I&jlib`nnd&_`bfd&mj\td&jo]]fd^d& `&_`f&p`l_`&ol]\hi&mihi&dhn`l`mm\hnd.&j`hm\h_i&j`l& `m`gjdi&\d&Gd\l_dhd&B\l]\limm\&_\&ji^i&ldko\fd$^\nd.& ^im &]`ffd&`&^im &ondfdtt\nd.&i&\ff\&Bd]fdin`^\&L\o_`hm`& ^c`&imjdn\p\&fw`mjimdtdih`.&g\&l`mn\hi&\h^il\&nlijji& ji^cd0&Sihi&`mjimnd&dh&b`h`l\f`&gifnd&jd &^\md&_d& \l^cdn`nnol\&^imnlodn\=&^d&\obold\gi&^c`&h`f&jlimmdgi& _`^`hhdi&\pp`hb\&ohwdhp`lmdih`&_d&linn\&n\hbd]df`.&^ih& oh\&j`l^`hno\f`&_d&mj\tdi&jo]]fd^i&`&p`l_`&_d&gifni& moj`ldil`&\&ko`ff\&_`ffw`_d$^\ni' P`l&^ih^fo_`l`.&]dmibh\&m`ht\&\f^oh\&`mdn\tdih`& john\l`&mo= IK=5KUV$\mmifoni&\f&^ihmogi&_d&moifi>&hih& _dg`hnd^cd\gi&^c`&f\&jijif\tdih`& &dh&^\fi&`&^c`&^d&md& i%l`&ohi&m^`h\ldi&ol]\hi&nlijji&jd`hi&_d&`_d$^d&m`gd/ poind.&^c`&_`nolj\hi&f`&himnl`&^\gj\bh`> IKYQ\[QSQaaIYM.&l`/dhn`ljl`n\l`.&l`^oj`l\l`&`&_w\fnl\&j\ln`& _`hmd$^\l`&\f&g\mmdgi&_ip`&bd & &^imnlodni&+_`p`&$hdl`& fw`ji^\&_`ff\&xpdff\y.&g\mmdg\&`mjl`mmdih`&_`ffi&mjl`^i& _d&mj\tdi,> IK7960.<<*9.K.K,6;<9=29.K0=*9-*5-6K565K72AK*3K;250636K dh_dpd_oi.&g\&\ff\&KVT\UQ[j&+j\lif\&_wil_dh`&_`ff`& ld#`mmdihd&^ih_dpdm`,.&^c`& &dh&^ihndho\&`pifotdih`.& ilg\d&^oldim\&`&_`md_`lim\&_d&^\g]d\g`hni&^ih^l`ni> IK7967699.K5=6>2K46-.332K-2K>2>.9.GK7.9K.;.4726K/694.K _d&KV)PV\ZQUO&i&KV)^VYRQUO.&`_&`_o^\l`&\&hoipd&omd&_`ffi& mj\tdi.&md\&jldp\ni&^c`&jo]]fd^i> IK;7.924.5<*9.K25<6956K*2K<.42K-.33JIOYQKVS[\YI$WMYQ) \YJIUI.&_`ffwilnd^ifnol\&`&_d&nonn`&f`&ailg`&_d&WIMZIOOQV$ QU$KQ[[j(&_d%ih_`h_i&df&p\fil`&_`ff\&_da`m\&`&_`ff\&^ol\& _`ff\&n`ll\.&ldmilm\&pdn\f`> IK-2>=30*9.K5=6>2K=;2K-.336K;7*?26K7=++32,6GK,1.K7=@K `mm`l`&_d&jd &`&jd &#`mmd]df`.&^\jdff\l`.&h\nol\f`&g\& m`gjl`&dh&l`n`.&\&gdmol\&_d&nonnd.&\j`lni&`&_d&\fn\&ko\fdn•0& L\&JMSSI$3YKPQ[M[[\YI& &^cd\l\.&dgg`_d\n\g`hn`& ld^ihim^d]df`&\f&^dnn\_dhi.&^c`&h`&^ibfd`&df&p\fil`&`&h`& nl\`&]`h`$^di.&^igjl`h_`h_i&^c`&_\&`mmi&_dj`h_`&f\& ko\fdn•&_`ff\&jlijld\&pdn\&`&_`ff\&^iff`nndpdn•0& +QU[MY]QZ[I$I$@^NL%AXUTWL[T%I$K\YI$LQ&5+5+,

HWK"UO]]^[K"M[S]SMK2"SU"Y[OVSX"k"SW"PXWNX"UK"\MOU]K&" ][K"VXU]O"Y[XYX\]O"Y[XQO]]K]O"X"[OKUSaaK]O"NKU")11/" KN"XQQS&"NS"VXU]S"MK\S"WX]O_XUS&"O\YX\]S"SW"VX\][K"O" Y^LLUSMK]S"WOU"MK]KUXQX&"S"YSm"\SQWS!MK]S_S"NOS"Z^KUS" \K[KWWX"W^X_KVOW]O"Y[XYX\]S"Y[O\\X"UX"FYKaSX" 9@;"YO["?c4[MRS]O]]^[K'"6RO"\Q^K[NX"NKWWX"\^U" ]O[[S]X[SX"UXNSQSKWX"O"\^UUO"\^O"][K\PX[VKaSXWS" [OMOW]S3"D^KUS"USVS]S"O"Z^KUS"\^QQO[SVOW]S"]S"\OW]S" 05/##l##.,-/

.5


EmHK=BG> > E9#?HG=9R 9RBHG> =>EEmH9F; F;#IK>FB9GH GH E9#JN9EBMs#9K<ABM>MMHGB<9

;F=OH?#CHCTC;NCP?#L?=?HNC 798C- 1!. !.=4-8C=4-8CS#UgdS#V[#<d[ef[`S#FSY`[# W#?dS`UWeUa#KWVSW^^[

Fl\&df&4233&`_&df&4234&fwOAMB&c\&ilb\hdtt\ni& _o`&dhdtd\ndp`&pifn`&\ff\&jligitdih`&_`ff\&$bol\& _`ffw&\l^cdn`nni&`&_`ff\&ko\fdn•&\l^cdn`nnihd^\=&oh& jl`gdi.&_`mndh\ni&\&h`if\ol`\nd&^c`&\p`mm`li&mpifni& oh\&n`md&^ih&mpdfojji&`&\jjliaih_dg`hnd&_d&n`gd& _d&^\l\nn`l`&ol]\hdmnd^i.&j\`mdmnd^i.&^igjimdndpi.& l`mn\oli.&\ll`_i&ol]\hi&`&_`mdbh.&l`f\ndpd&\ff\&jiltdih`& _d&n`lldnildi&dhn`l`mm\ni&_\ffwdhal\mnlonnol\&a`llipd\ld\& Miht\/Mifn`hi/L`^^i/Obbdihi&`&_\f&P\l^i&_`ff\& V\ff`&_`f&L\g]li>&fw\fnl\&`l\&f\&m`^ih_\&`_dtdih`& _d&xAl^cdn`nnol`&Simn`hd]dfd0&Ihhip\tdih`&n`^hd^\& `&ko\fdn•&ailg\f`y0&Ih&`hnl\g]d&d&^\md&f`&jl`gd\tdihd& md&mihi&mpifn`&jl`mmi&fwOl_dh`&dh&i^^\mdih`&_`ff\&a`mn\& _d&N\n\f`&42340& •&dgjiln\hn`.&dh$h`.&m`bh\f\l`&fwinndgi&jd\tt\g`hni& _d&\f^ohd&himnld&dm^ldnnd&^c`&md&mihi&^f\mmd$^\nd&m`^ih_d& \f&^ih^ilmi&\ULMY&57&xGdip\hd&Sj\td0&Plib`nn\& fwIh\l^\mm\&^c`&nd&migdbfd\y&]\h_dni&_\&Ih\l^\mm\0 D[PVTX%]P\T%OT%UL^[PL%cAX\UX%TW%6[TLW`L+% JP[\X%^WL%VXMTUT]j%\X\]PWTMTUPd Sibb`nni&]\h_dnil`=&Ol_dh`&_`bfd&Al^cdn`nnd&PPC&_`ff\& Plipdh^d\&_d&Miht\&`&_`ff\&Bld\ht\0

B^#Td[Ua^SYW#;^S`U#OWdf# S#?SY`S`a#H^a`S#%OSdWeW&# V[#ISa^a#<Sd^Weea*# LWUa`Va#U^See["USfa#S^# Ua`Uadea#n9dUZ[fWffgdW# eaefW`[T[^[*#B``ahSk[a`W# fWU`[US#W#cgS^[fw#Xad_S^Wo*

/,

05/##l##.,-/

Em\gdh\nd&bfd&`f\]il\nd&jl`_dmjimnd&`&f`&l`f\tdihd& \ff`b\n`.&f\&Gdold\&c\&_`^dmi&dh&gi_i&oh\hdg`&_d& m`f`tdih\l`&_o`&n`md&g`ldn`pifd&_d&jl`gdi&^ih&f\& m`bo`hnd&gindp\tdihd=& IK<.;2K-2K#-92*56K$;*,,12HK7*9<2,63*94.5<.K,=9*<*K _\f&johni&_d&pdmn\&_`ffw\h\fdmd&`&_`ff\&l`f\tdih`&^ih&df& n`lldnildi&+WYMTQV$M$WIY[QKVSIYM$TMUaQVUM,> IK<.;2K-2K&*9,6K).-*.332HK25<.9.;;*5<.K-*3K7=5<6K-2K pdmn\&^igjimdndpi.&m`jjol&ji^i&^ihn`mno\fdtt\n\&_\f& johni&_d&pdmn\&n`lldnild\f`.&dh&j\lnd^if\l`&ldmj`nni&\d& ^iff`b\g`hnd&dhal\mnlonnol\fd&+WYMTQV,0 c5[NST]P]]^[P%\X\]PWTMTUT+% >WWX_L`TXWP%]PNWTNL%P%Z^LUT]j%QX[VLUPd Sibb`nnd&]\h_dnild=&Fih_\tdih`&_`ffwOl_dh`&_`bfd& Al^cdn`nnd&PPC&_`ff\&Plipdh^d\&_d&Miht\&`&_`ff\& Bld\ht\&`&Cihmofn\&R`bdih\f`&Lig]\l_\&_`bfd&Ol_dhd& _`bfd&Al^cdn`nnd&PPC0 If&n`g\&_`ff\&mimn`hd]dfdn & &df&hi_i&^`hnl\f`&_`f& ldhhip\g`hni&`&_`ff\&^l`m^dn\&_`ffw\l^cdn`nnol\& ^ihn`gjil\h`\0&Uhw`pifotdih`&jlib`nno\f`&`& l`\fdtt\ndp\&hih&m`gjl`&m`bodn\&_\&ohw\_`bo\n\& ^l`m^dn\&^ofnol\f`&`&_`ff\&ko\fdn•&ailg\f`0&Lwi]d`nndpi& _`f&^ih^ilmi& &mn\ni&ko`ffi&_d&n`hn\l`&_d&jlijilmd& ^ig`&jihn`&p`lmi&oh\&hoip\&ko\fdn•&_`ffw\l^cdn`nnol\& mimn`hd]df`.&\nn`hn\&md\&\ffw\g]d`hn`&md\&\f&]`h`mm`l`& _d&^cd&h`&omoalodm^`.&jl`$bb`h_imd&_d&l\^^ibfd`l`&d& jlib`nnd&^ih&f`&gdbfdild&^\l\nn`ldmnd^c`&_d&mimn`hd]dfdn•& `&dhhip\tdih`&n`^hd^\0& L\&p\fon\tdih`&_`d&jlib`nnd&_\&j\ln`&_`ff\&Gdold\&c\& _\ni&foibi&\_&oh&\gjdi&^ihalihni&_\f&ko\f`& &`g`lmi.& mdgdfg`hn`&\ff\&m^ilm\&`_dtdih`.&^ig`&f\&^igjih`hn`& `^i/fibd^\.&n`^hd^\.&jl`mn\tdih\f`.&a\pildn\&_\ff`& \nno\fd&dgjimdtdihd&hilg\ndp`.&md\&jl`p\fm\&ldmj`nni& \ff\&^igjih`hn`&]di/fibd^\.&jd &\nn`hn\&\f&]`h`mm`l`& \]dn\ndpi.&`&\ff\&ko\fdn &ailg\f`&_`ffw\l^cdn`nnol\&dh&m .& i]d`nndpi&$h\f`&_`f&^ih^ilmi0& D\ff\&g\h^\n\&dh_dpd_o\tdih`&_d&oh&jlib`nni&dh& bl\_i&_d&_dmndhbo`lmd&dh&g\hd`l\&mdbhd$^\ndp\&j`l&f\& p\f`ht\&\l^cdn`nnihd^i/^igjimdndp\.&f\&m^`fn\&_`ff\& Gdold\&_d&hih&\bbdo_d^\l`&df&3}&jl`gdi.&g\&^igohko`& _d&ld^ihim^`l`&df&g`ldni&_d&ko\nnli&jlib`nnd&jl`gd\nd& dh&ko\hni&dh&bl\_i&_d&gimnl\l`&df&j`l^ilmi&a\nni&\_&


ES#WUa)USeS#S^#bSdUa(# ;[Seea`a#%Fa`kS#W# ;d[S`kS&#V[#@[adY[a#;WdWffS(# >_S`gW^W#IgY^[WeW(# 9^Wee[a#@`aUUZ[(#?[^[bba# ;W^^aff[(#=S`[W^W#@STW^^[`[(# G[Ua^S#L[^[`YSdV[(#<Zd[ef[S`# ;ga`Sh[fS*#MWdka#U^See["USfa# 6F!26@D>#n9dUZ[fWffgdW# eaefW`[T[^[*#B``ahSk[a`W# fWU`[US#W#cgS^[fw#Xad_S^Wo* ES#eUga^S#_SfWd`S# LS`fm9``S#S#<WeS`a# FSVWd`a#%Fa`kS#W#;d[S`kS&# V[#=ad[S`a#;affa`(#<^SgV[S# ;affa`(#FSffWa#OW`Wda`[*# MWdka#U^See["USfa#6F!26@D># S^#Ua`Uadea#n9dUZ[fWffgdW# eaefW`[T[^[*#B``ahSk[a`W# fWU`[US#W#cgS^[fw#Xad_S^Wo*

ibbd&_\ffw\l^cdn`nnol\&mimn`hd]df`.&n\f`&_\&nl\mailg\l`& l\_d^\fg`hn`&f\&ko\fdn•&n`^hifibd^\/jl`mn\tdih\f`& _`ffw`_d$^di.&\^kodm`h_i&\f&^ihn`gji&mobb`mndihd& `mn`nd^c`&hoip`0&Lwofn`ldil`&j\mmi&^c`&il\&^d&md& \mj`nn\.&\nnl\p`lmi&df&loifi&_`ffw\l^cdn`nni.& &ko`ffi&_d& ldom^dl`&\&^iha`ldl`&$h\fg`hn`&hoip`&ailg`&_d&ko\fdn•& \ffw`pifotdih`&_`ffw\l^cdn`nnol\&mimn`hd]df`0 T\f`&m$_\& &f\&mn`mm\&^c`&c\&mjdhni&f\&Ciggdmmdih`& _d&f\pili&d_`\nld^`&_`f&^ih^ilmi&\&jligoip`l`&\h^c`& f\&5\&`_dtdih`&_`ffi&mn`mmi.&nlip\h_i&\&ko`mni&johni& dhn`l`mm\hn`&jlip\l`&\_&\ff\lb\l`&df&gihdnil\bbdi&_d& ko`mni&j`l^ilmi&_\f&fdp`ffi&fi^\f`/l`bdih\f`.&j`hm\ni& j`l&f`&jl`^`_`hnd& `_dtdihd.&\&ko`ffi& h\tdih\f`0 If&hoipi&]\h_i& & mn\ni&jo]]fd^\ni&df& 32&fobfdi&4235&^ih& m^\_`ht\.&j`l&fwdhpdi& _`ff`&]omn`.&$mm\n\&j`l& df&35&_d^`g]l`&42350& M\bbdild&dhailg\tdihd& mihi&_dmjihd]dfd&\f& fdhe&cnnj=11qqq0 il_dh`\l^cdn`nnd0 g]0dn1NEWS[j\bdh\0 \mj@ID?4447 D`ff`&nl`_d^d&ij`l`& j`lp`hon`&`&nonn`& \gg`mm`&\ff\& b\l\.&nl\&f`&oh_d^d& ldn`hon`&d_ih``&\_& `mm`l`&jo]]fd^\n`& h`ffwyOmm`lp\nildi& _`ffwA l^cdn`nnol\& Simn`hd]df`y.&f\&Gdold\&c\&p\fon\ni&g`ldn`pifd&_d& jl`gdi= IKZMKVULV$KSIZZQ#KI[V=&Bld^if\b`&Bf\h^&V`ln&\&F\bh\hi& Ofih\&+V\l`m`,$_d&P\ifi&C\lf`mmi0& L\&ailnoh\n\&pifihn•1h`^`mmdn•&_d&^imnlotdih`& _`ff\&jlijld\&^\m\& &mn\n\&fwi^^\mdih`&j`l&\%lihn\l`& df&jli]f`g\&_`ff\&^imnlotdih`&dh&gi_i&l\_d^\f`&`& \hnd/^d^fd^i0&Sd& &jlib`nn\ni&fw`_d$^di&`&ilb\hdtt\ni& df&^\hnd`l`&dh&gi_i&^c`&jin`mm`li&`mm`l`&l`\fdtt\n`& gifn`&f\pil\tdihd&dh&\oni^imnlotdih`&_\&j\ln`&_d& oh\&mif\&j`lmih\0&L\&pifihn•1h`^`mmdn•&_d&ondfdtti& _d&g\n`ld\fd&`&gi_d&^imnlonndpd&]di^igj\nd]dfd.& mimn`hd]dfd.&`^ihigd^d&`&^c`&ld^cd`_`mm`li&ji^\&g\hi& _wij`l\&c\&_`nn\ni&nonn`&f`&m^`fn`&jlib`nno\fd0 IK[MYaV$KSIZZQ#KI[V&M_$IMX\V=&E^i/C\m\&\f&j\l^i.& Bd\mmihi&+Miht\&`&Bld\ht\,$_d&Gdilbdi&B`l`nn\& +^\jiblojji,&^ih&Eg\ho`f`&Pobfd`m`.&Af`mmdi& Ghi^^cd.&Fdfdjji&B`ffinnd.&D\hd`f`&G\]`ffdhd.&Nd^if\& Sdfdhb\l_d.&Ccldmnd\h&Boih\pdn\0 If&jlib`nni&md&jih`&fwi]d`nndpi&_d&gdhdgdtt\l`&bfd& dgj\nnd&h`f&ldmj`nni&_`ff`&ndjifibd`&jl``mdmn`hnd.& dhnli_o^`h_i&`f`g`hnd&^igjimdndpd&f`b\nd&\&^ldn`ld& _`ff\&]di`_dfdtd\.&_`ff\&]di^fdg\nd^\&`&_`ffw`!^d`ht\& `h`lb`nd^\0&P\lnd^if\l`&\nn`htdih`& &mn\n\&jimn\& \ffwild`hn\g`hni.&\ffw\jjilni&mif\l`&_d&oh\&m`ll\& ]di^fdg\nd^\&`&\f&mdmn`g\&dgjd\hndmnd^i.&^c`&ondfdtt\& jigj`&_d&^\fil`&j`l&df&ldm^\f_\g`hni&dhp`lh\f`& \]]dh\n`&\&j\hh`ff\nol`&l\_d\hnd&\&j\pdg`hni.&\_&oh& dgjd\hni&j`l&f\&&p`hndf\tdih`&g`^^\hd^\&^ih&l`^oj`li& _d&^\fil`0&Lw`_d$^di&j\mmdpi&dh&^f\mm`&A-&`&\&t`li& `gdmmdihd&c\&l\bbdohni&f\&^igjf`n\&\onimo!^d`ht\& `h`lb`nd^\&m`ht\&fwondfdtti&_d&^ig]omnd]dfd&aimmdfd0 IK[MYaV$KSIZZQ#KI[V&M_$IMX\V=&S^oif\&g\n`lh\&S\hnwAhh\& \&C`m\hi&M\_`lhi&+Miht\&`&Bld\ht\,&_d$Dild\hi&

Binnih&+^\jiblojji,$^ih$Cf\o_d\&Binnih.&M\nn`i& V`h`lihd0& Lwd_`\&\ff\&]\m`&_`f&jlib`nni& &a\l&pdp`l`&df&]\g]dhi& dh&oh&\g]d`hn`&\&mo\&gdmol\&`&jlin`nni.&g\&ld^^i& _d&`mj`ld`ht`&mj\td\fd&`&m`hmild\fd0&Lw`_d$^di& & j`hm\ni&^ig`&oh&dhmd`g`&_d&j`l^ilmd&dh&^ihndhodn•& nl\&dhn`lhi&`_&`mn`lhi&^c`&&jo &gi_d$^\l`&df&moi& l\jjilni&_d&j`lg`\]dfdn•&^ih&fw`mn`lhi&`&\gjfd\l`&`& _dp`lmd$^\l`&f`&mifotdihd&mj\td\fd.&dh^fo_`h_i&i&g`hi& bfd&\g]d`hnd&_d_\nnd^d&^ij`lnd&`&ko`ffd&_`f&bd\l_dhi0& A_&oh\&^imnlotdih`&mnl\nd$^\n\&\&m`^^i&^ih&mdmn`g\& r/f\g&\nn`hn\&\d&g\n`ld\fd&h\nol\fd&mihi&mn\nd&\]]dh\nd& dgjd\hnd&b`in`lgd^d&\&jigj\&_d&^\fil`&`&mdmn`gd& _d&ld^d^fi&_`ffw\^ko\&j`l&gdhdgdtt\l`&fwdgj\nni& moffw\g]d`hn`&`&gdbfdil\l`&f\&ko\fdn•&\]dn\ndp\0& IKZMOUISIaQVUM=&Somn\dh\]f`&Rcsng.&V\l\ffi&S`md\& +V\l`m`,&_d&Rim\hh\&Rip`nn\&+^\jiblojji,&^ih& D\pd_`&Tl\dh\0& If&jldgi&\jjli^^di&\f&jlib`nni& &^l`\l`&oh\&l`f\tdih`& ^ih&df&foibi.&^`l^\h_i&oh&dgj\nni&ji^i&dhp\mdpi& `&\f&g\mmdgi&mimn`hd]df`=&oh\&^\m\&nin\fg`hn`& \onimo!^d`hn`.&hih&^iff`b\n\&\_&\f^oh\&l`n`0&Cih&oh& mifi&n`lgdh`.&oh&`_d$^i&V!)OYQL0&Lw`f`g`hni&jiln\hn`& & fw`f`nnlifdtt\nil`.&oh&_dmjimdndpi&^c`&jli_o^`&d_lib`hi.& oh&p`nnil`&`h`lb`nd^i&^c`&pd`h`&^ihm`lp\ni&`&\fdg`hn\& `f`nnld^dn•&`&b\m&ko\h_i&g\h^\&df&mif`0&Lw\^ko\&om\n\& &ko`ff\&jdip\h\.&^ihm`lp\n\&dh&oh\&^dmn`lh\0&Li& mg\fndg`hni&_`d&l`#od&\ppd`h`&\nnl\p`lmi&oh&^d^fi& $ni_`jol\ndpi0 7XWNX[\X%^WOP[%01%c<TX_LWT%GYL`T+% D[XRP]]L%Ub>WL[NL\\L%NSP%]T%\XVTRUTLd If&^ih^ilmi&_d&d_``&ldpifni&\_&\l^cdn`nnd&`&dhb`bh`ld& dm^ldnnd&\_&Ih\l^\mm\&_d&`n•&hih&moj`ldil`&\&57&\hhd.& ^igjdond&\ff\&_\n\&_d&m^\_`ht\&_`f&]\h_i.&c\&pdmni& ^ig`&ZMKVULQ$KSIZZQ#KI[Q&bfd&\l^cdn`nnd&S\l\&C\llitti.& V\f`ld\&DwAgd^i&`&M\oli&C\nn\h`i&+d&jldgd&_o`&dm^ldnnd& \f&himnli&Ol_dh`,0 If&^ih^ilmi&jl`p`_`p\&f\&ldmnlonnol\tdih`&`& ldko\fd$^\tdih`&_`ffw\nldi&_wdhbl`mmi&_`ff\&j\f\ttdh\&B& `&_`bfd&mj\td&`mn`lhd&_`ff\&m`_`&_`ffwIh\l^\mm\&_d&Rig\0& S^iji&_`f&^ih^ilmi&`l\&f\&^l`\tdih`&_d&oh&hoipi&\nldi& _wdhbl`mmi&^c`&_ip`p\&^`hnl\fdtt\l`&df&jl`md_di&_`d&_o`& ^iljd&_d&a\]]ld^\&dh&ohwohd^\&YMKMW[QVU.&^ih&aohtdihd&_d& \^^ibfd`ht\&`&^ihnliffi&\^^`mmd0&Soj`l\ni&fwdhbl`mmi.& _ip`p\&`mm`l`&jl`pdmni&oh&j`l^ilmi&^ihnliff\ni&_d& ^iff`b\g`hni&nl\&f`&_o`&j\f\ttdh`0 If&jlib`nni&_`d&m`^ih_d&^f\mmd$^\nd&c\&nl\nni& dmjdl\tdih`&_\ffw\h\fdmd&_`f&foibi&j`l&jlijill`&oh\& mifotdih`&$h\fdtt\n\&\&malonn\l`&\f&g\mmdgi&f`& jin`htd\fdn•&i%`ln`&_\ff`&^\l\nn`ldmnd^c`&mj\td\fd& _`ffw`_d$^di&`&_\f&hoipi&loifi&_d&&l\jjl`m`hn\ndpdn•& ^c`&_`p`&`mm`l`&mpifn\&\ffwdhn`lhi&_`f&^igjf`mmi0& Lw\nn`htdih`&\d&g\n`ld\fd&c\&jiln\ni&\&^\l\nn`ldtt\l`& fi&mj\tdi&^ih&oh\&]d^ligd\&_`d&g\n`ld\fd&mn`mmd&^im & _\&_dmndhbo`l`&f`&j\lnd&_d&j`l^ilmi&j`_ih\f`.&^cd\l`& `&\&nonn\&\fn`tt\.&_\ffw\l`\&^`hnl\f`.&m^ol\&`&ld]\mm\n\.& h`ff\&ko\f`&df&g\n`ld\f`&f\jd_`i&\ppifb`&^ig`&oh& h\mnli&df&j\pdg`hni.&f`&j\l`nd&`&df&mi!nni0& Lwdhn`lp`hni&mobfd&mj\td&`mn`lhd& &mn\ni&j`hm\ni& dh&gi_i&n\f`&_\&\p`l`&df&gdhil&dgj\nni&jimmd]df`.& ^`l^\h_i&_d&f\m^d\l`&dhn\nni&df&^\l\nn`l`&_`f&foibi0& Lwohd^i&`f`g`hni&\bbdohni&ldbo\l_\&df&j\mm\bbdi& _d&^iff`b\g`hni&nl\&d&_o`&`_d$^d.&^c`&c\&j`lg`mmi& f\&&^l`\tdih`&_d&oh\&jldg\&tih\&_d&\^^ibfd`ht\& `mn`lh\&dh&^illdmjih_`ht\&_`ff\&YMKMW[QVU0&L\& ldko\fd$^\tdih`&_`bfd&mj\td&`mn`lhd&md& &ldpifn\&\ff\& m`gjfd$^\tdih`&_`bfd&mj\td&`&\ff\&_dp`lmd$^\tdih`& _`d&#ommd&`&_`d&j`l^ilmd&dhn`lhd0&7+A+ 05/##l##.,-/

/-


E9#JN9EBMs#IKH@>MMN9E>#G>EEmHI>K9#=B#NG#9K<ABM>MMH#<K>F HG>L>

CF#JL?GCI#ACIP;HHC#A?HNCFCHC /= 1 7 9 8 S#UgdS#V[# FSd[S#Eg[eS#?[adW`f[`[

@[ahS``[#@W`f[^[`[(# ^m9gV[fad[g_(#bSdf[Ua^SdW VW[#bS``W^^[#VWUadSf[h[# [`#UW_W`fa#VW^^W#cgSffda# bSdWf[* @[ahS``[#@W`f[^[`[(# ^S#eS^S#VW^^m9gV[fad[g_# bdWeea#^S#<S_WdS#V[# <a__WdU[a#V[#<dW_a`S*

/.

05/##l##.,-/

L\&ld^`l^\&_`ff\&ko\fdn•&jlib`nno\f`&c\&m`gjl`& \^^igj\bh\ni&fwij`l\&_d&Gdip\hhd&G`hndfdhd& +3<46/422<,.&\l^cdn`nni&^l`gih`m`&^c`&c\&a\nni& _`ff\&m\fp\bo\l_d\&_`ffwdgg\bdh`&`&_`f&_`^ili& _`ff\&^dnn•&f\&^imn\hn`&_`ff\&mo\&pdn\&jlia`mmdih\f`.& jiln\h_i&\p\hnd&oh\&]\nn\bfd\&^ihnli&f`&_dm\lgihd`& _`ffw\g]d`hn`&]\m\n\&moff\&h`^`mmdn•&_d&gdbfdil\l`& f\&ko\fdn•&\l^cdn`nnihd^\&`&ol]\h\0&Aj`lni&\ff\& mj`ldg`hn\tdih`&`&\d&hoipd&fdhbo\bbd&\l^cdn`nnihd^d.& ^ih&f\&mo\&ij`l\&G`hndfdhd&finn\p\&^ihnli&f`& mifotdihd&jlib`nno\fd&`&\l^cdn`nnihd^c`&i^^\mdih\fd& `&dh_d%`l`hnd&\f&^ihn`mni.&pifn`&\&mi__dma\l`&f`& `mdb`ht`&^ih&mifotdihd&m]ldb\ndp`&`&\&]\mmi&^imni.&j`l& \lldp\l`&\ffwdh`pdn\]df`&ldmofn\ni&_d&ohw\l^cdn`nnol\& hih&dh&mdhnihd\&^ih&fw\g]d`hn`&`&kodh_d&hih&]`ff\0& Ccd&c\&\poni&gi_i&_d&^ihim^`lfi&_`$hdm^`&Gdip\hhd& G`hndfdhd&oh&jlia`mmdihdmn\&^ifni&`&b\l]\ni.&^c`& \g\p\&^ih&j\mmdih`&df&moi&f\pili.&\lld^^c`h_ifi& _d&m\bb`tt\&`&_d&ogildmnd^i&ldbil`&`&g`nn`h_ifi&\& _dmjimdtdih`&\h^c`&\nnl\p`lmi&df&moi&dgj`bhi&^ig`& jl`md_`hn`&_`ffwOl_dh`&_`bfd&Al^cdn`nnd0& •&jlijldi&mof&n`g\&_`ff\&JMSSMaaI&^c`&h\m^`&df& Pl`gdi&G`hndfdhd.&d_`\ni&`&jligimmi&_\f&Cigoh`&_d& Cl`gih\&`&_\ffwOl_dh`&_`bfd&Al^cdn`nnd.&dhmd`g`&\bfd& \fnld&il_dhd&`&^iff`bd&jlia`mmdih\fd.&^ih&fwdhn`htdih`&_d& jlim`bodlfi&^ih&m^\_`ht\&\hho\f`0 Snl`nn\g`hn`&f`b\ni&\f&^ihn`mni&n`lldnild\f`&_d& Cl`gih\.&df&Pl`gdi&dhn`h_`&mimn`h`l`&`&p\fildtt\l`& f\&ko\fdn•&jlib`nno\f`&`_&`m`^ondp\&f`b\n\&\ff\& mj`^d$^dn•&_`f&foibi.&john\h_i&\&m`hmd]dfdtt\l`& jlib`nndmnd&`&^iggdnn`hnd&h`ff\&ld^`l^\&_`f& gdbfdil\g`hni&_`ffw\g]d`hn`&ol]\hi.&\nnl\p`lmi&f\& ]`ff`tt\&_`bfd&dhm`_d\g`hnd.&f\&^ol\&_`d&j\lnd^if\ld.& fwondfdtti&_d&n`^hifibd`.&df&^ill`nni&dhm`ldg`hni& h`f&j\`m\bbdi&`&h`f&^ihn`mni.&f\&p\fildtt\tdih`&_`f& j\nldgihdi&`_dfdtdi&`mdmn`hn`.&j`l&\lldp\l`&\_&oh& jlib`nni&^c`&ailhdm^\&ldmjimn`&\ff`&`mdb`ht`&_d&nonnd0 If&Pl`gdi&^ih^`hnl\.&kodh_d.&fw\nn`htdih`&mo&_o`&n`gd& ailnd&`&mnl`nn\g`hn`&^ill`f\nd&\ffwdhn`lhi&_d&oh\&a`fd^`& d_`\&jlib`nno\f`0&L\&]`ff`tt\&`&fw\lgihd\&dhmd`g`.& ^ig`&ohd^\&ko\fdn•&mj`^d$^\&`&dh_dmj`hm\]df`& _`ff\&aomdih`&nl\&g\n`ld\.&j\`m\bbdi&`&d_`hndn•& mi^di^ofnol\f`&_`f&foibi.&`&fw\l^cdn`nnol\&^ih&df&moi& p\fil`&ailn`g`hn`&mi^d\f`&ld^ihim^doni&_\&nonnd.& n`mndgih`&_`ff\&d_`hndn•&_d&oh\&^igohdn•&\nnl\p`lmi& f\&ko\fdn•&`&f\&]`ff`tt\&_`d&foibcd&`&f\&ldom^dn\&_d&oh& gi_`ffi&ol]\hi0&Lw\l^cdn`nnol\& &f\&ldmjimn\&\ff`& dmn\ht`&\g]d`hn\fd.&ailg\fd&`&aohtdih\fd&_`f&jlib`nni.& f\&^od&]oih\&ldom^dn\&dh#odm^`&mof&]`h`mm`l`&_d&^cd&fi& pdp`&inndgdtt\h_i&fwomi&_`ff`&ldmilm`&_dmjihd]dfd.&^ih& df&ldmofn\ni&gdbfdil`&mof&jd\hi&mi^d\f`.&aohtdih\f`&`_& `^ihigd^i0

I&jlib`nnd&^c`&^ih^illihi&mihi&m`f`tdih\nd&^ih& ^ldn`ld&_d&bdo_dtdi&]\m\nd&moff\&ko\fdn•&\l^cdn`nnihd^\& `&j\`m\bbdmnd^\.&df&a`fd^`&l\jjilni&^ih&df&^ihn`mni& ol]\hi.&n`h`h_i&^ihni&_`ff`&dgjfd^\tdihd&_`f& jlib`nni&mof&j\`m\bbdi&dh&n`lgdhd&_d&gdbfdil\g`hni& `&g\bbdil`&alod]dfdn•.&fwomi&\nn`hni&_`ff`&ldmilm`& `h`lb`nd^c`&`&\g]d`hn\fd.&fwomi&_`f&p`l_`&`&f\&mjdhn\& \ff\&ld^`l^\&`&\ffwdhhip\tdih`0&If&jl`gdi&md&jl`$bb`& dhifnl`&_d&mndgif\l`.&\nnl\p`lmi&f\&jo]]fd^\tdih`&_`ff`& ij`l`&pdh^dnld^d&`&_`d&gindpd&_`ffw\mm`bh\tdih`.&f\& ^\j\^dn•&_d&imm`lp\tdih`&`&_d&bdo_dtdi&_d&^cd.&jol&hih& `mm`h_i&_`f&m`nnil`.&alodm^`&koind_d\h\g`hn`&_`ff`& l`\fdtt\tdihd&\l^cdn`nnihd^c`&`&j\`m\bbdmnd^c`0 If&Pl`gdi&G`hndfdhd&md&a`lg\&j`l &\ff\&jldg\&`_dtdih`.& ldf`p\h_i&ji^i&dhn`l`mm`&`&oh\&m^\lm\&j\ln`^dj\tdih`& _\&j\ln`&_`d&jlia`mmdihdmnd.&mdhnigi&`pd_`hn`&_d&oh& ^fdg\&jlia`mmdih\f`&_`gindp\ni&`&mn\h^i.&dh&^od&bfd& mndgifd&`&f`&i^^\mdihd&p\hhi&\&_dmj`l_`lmd&dh&oh&g\l`& _d&_`m`ln\&mifdno_dh`&_ip`&fw\l^cdn`nni&md&nlip\&\_& ij`l\l`&nl\&gdff`&_d!^ifn•.&\ffwdhn`lhi&_d&oh\&l`\fn•&dh& ^od&df&f\pili&p\&^`l^\ni&`&dhp`hn\ni&koind_d\h\g`hn`0& M\&df&jl`gdi&_d&\l^cdn`nnol\.&`&fi&mnlog`hni&^ih^ilmi& jd &dh&b`h`l\f`.&^d&\obold\gi&^ihndhod&\_&`mm`l`& jligimmi&`&dh^il\bbd\ni&_\&`hnd.&\ggdhdmnl\tdihd& `&il_dhd&jlia`mmdih\fd.&^ig`&i^^\mdih`&_d&dh^ihnli& `&_d&^ihalihni&^ih&f\&^\l\nn`ldmnd^\&`mm`htd\f`&_d& b\l\hndl`&ko`ff\&ko\fdn•&_`f&jlib`nni&_d&\l^cdn`nnol\& n\hni&ld^`l^\n\&_\f&^l`gih`m`&Gdip\hhd&G`hndfdhd0& A+@+;+


=N>#BGBRB9MBO>#<A>#IK>=BLIHG@HGH#E9#LMK9=9#9=#NG#IK>FBH#IKHOBG<B9E>

G;HNIP;#;NN?H>?# OH#JL?GCI#>C#;L=BCN?NNOL; 7 - 8 ?9AS#UgdS#V[# >^W`S#IdSVW^^S# W#OS^W`f[`a#KS_Skkaff[

If&Pl`gdi&_d&\l^cdn`nnol\&l\jjl`m`hn\&ohwdgjiln\hn`& i^^\mdih`&_d&^ihalihni&\ff\&ld^`l^\&_d&hoip`&d_``& j`l&df&n`lldnildi.&_d&ohw\j`lnol\/^idhpifbdg`hni& _`d&jlib`nndmnd.&hih&mifi&\ff\&m^\f\&h\tdih\f`.&g\& \h^c`&dhn`lh\tdih\f`.&`&_d&jimmd]dfdn•&j`l&jl`gd\l`& jlia`mmdihdmnd&^\j\^d&`_&`hnomd\mnd0 Polnlijji&hih&m`gjl`& &jimmd]df`&dh_dl`&oh&Pl`gdi.& mj`^d`&_d&oh\&^`ln\&ldf`p\ht\.&^ih&df&ldm^cdi&_d&^`f\l`& \ffw\nn`htdih`&`&\ff\&^ihim^`ht\&_`f&jo]]fd^i&`&_`d& ^dnn\_dhd&_`ff`&mdbhd$^\ndp`&l`\fdtt\tdihd&ijjol`&_`ff`& d_``&jlib`nno\fd&dhn`l`mm\hnd&`&\nno\]dfd0&LwOl_dh`& _`bfd&Al^cdn`nnd&PPC&_`ff\&Plipdh^d\&_d&M\hnip\& hih& &dhm`hmd]df`&\&ko`mn\&jli]f`g\nd^\>&\htd.&_\f& 422<.&\nnl\p`lmi&f\&Ciggdmmdih`&Cofnol\&ij`l\&j`l& l\^^ibfd`l`&df&g`bfdi&_`ff\&jli_otdih`&\l^cdn`nnihd^\& g\hnip\h\0

EaUS`V[`S#VW^^S#_aefdS# (A489C6CC9!<2=C>E2=9$!-A>76CC9!6!>?6A6!'%&'$

•&df&^\mi&_`f&^\n\fibi&_d&jlib`nnd&5IZM$\UQNITQSQIYQb$ M$UVU$ZVSV&jo]]fd^\ni&\&m`bodni&_d&ohw\jjl`tt\n\& gimnl\&dndh`l\hn`&_d&ij`l`&_d&\l^cdn`nnd&g\hnip\hd.& jligimm\&\f&$h`&_d&^l`\l`&ohwi^^\mdih`&_d&^ihalihni& `&_d&ld#`mmdih`&moffw\l^cdn`nnol\&l`md_`htd\f`&_`ff\& jlipdh^d\&_d&M\hnip\0&Lwdhdtd\ndp\.&jl`m`hn\n\&h`f& m`nn`g]l`&4232&\ff\&Fd`l\&Mdff`h\ld\&_d&Giht\b\.&c\& jiln\ni&\ffw`mjimdtdih`&dndh`l\hn`&_`d&jlib`nnd&jl`mmi& fw`r&Cihp`hni&_d&S0&M\ld\&_d&Giht\b\.&df&P\f\tti&T`& _d&M\hnip\&`&f\&^dnn•&_d&C\mndbfdih`&_`ff`&Sndpd`l`=&oh& ]oih&gi_i&j`l&a\l`&\h^c`&jligitdih`&_`f&n`lldnildi& `&_`d&moid&]`hd&^ofnol\fd0& LwOl_dh`.&h`f&4234.&c\&dhifnl`&l`\fdtt\ni&f\&n`lt\& `_dtdih`&_`ff\&Mimnl\&3YKPQ[M[[Q$>IU[V]IUQ&^ih& fwdhn`hni&_d&ai^\fdtt\l`&fw\nn`htdih`&`&dh^`hndp\l`& f`&ld#`mmdihd&md\&mobfd&dhn`lp`hnd&^c`&h`bfd&ofndgd& \hhd&c\hhi&m`bh\ni&`&nl\mailg\ni&df&j\`m\bbdi& `&fw\l^cdn`nnol\&gi_`lh\.&^c`&mod&jlib`nnd&hih& ^ih^l`ndtt\nd&dh&oh\&l`\fdtt\tdih`.&g\&^c`&mihi& ^igohko`&fw`mjl`mmdih`&_d&oh&jli^`mmi&^l`\ndpi.& ^ig`&d&^ih^ilmd&_d&jlib`nn\tdih`>&nonni&ko`mni&dh& oh&gig`hni&mnild^i&j\lnd^if\l`&j`l&f`&^igohdn•& _`ff`&jlipdh^`&_d&M\hnip\.&R`bbdi&Egdfd\.&Mi_`h\&`& F`ll\l\.&lipdh\n`&_\f&n`ll`gini.&g\&bd•&jlihn`&j`l&fi& mno_di&_`d&gi_d&`&_`d&n`gjd&j`l&f\&ld^imnlotdih`0&L\& gimnl\.&mpifn\md&h`f&m`nn`g]l`&4234&jl`mmi&df&S\fih`& _`ffwE_dfdtd\.&dh&i^^\mdih`&_`ff\&Fd`l\&Mdff`h\ld\& _d&Giht\b\.&ifnl`&\&ld^`p`l`&fw\jjl`tt\g`hni&_`f& jo]]fd^i&`&\&l\^^ibfd`l`&d&jlib`nnd&_d&ifnl`&m`nn\hn\& \l^cdn`nnd&dm^ldnnd&\ffwOl_dh`.&^ih&jlijimn`&`mn`m`& md\&\bfd&dhn`lp`hnd&l`\fdtt\nd&^c`&\&ko`ffd&ibb`nni&_d& ^ih^ilmd&_d&jlib`nn\tdih`.&c\&l\jjl`m`hn\ni&ohi& mnl\il_dh\ldi&gig`hni&_d&^ihalihni&`&_d&jligitdih`& ^ofnol\f`0&LwOl_dh`.&\nnl\p`lmi&fw`mjimdtdih`.&c\& dhn`mi&mndgif\l`&bfd&\__`nnd&\d&f\pild&`&hih.&f`&m^oif`& `&f`&ohdp`lmdn•.&f`&dgjl`m`.&bfd&`hnd&`&f`&dmndnotdihd& jl`m`hnd&h`f&n`lldnildi=&nonnd&^cd\g\nd&\&mpdfojj\l`& oh\&^ofnol\&_`ffw\]dn\l`&`&_`f&pdp`l`&dh&\g]d`hnd&_d& ko\fdn•.&h`d&ko\fd&^ihdob\l`&d&m`bhd&_d&oh&j\mm\ni& _d&bl\h_`&mj`mmil`&\lndmnd^i&\ff`&hoip`&n`^hifibd`& ^imnlonndp`>&j`l^c &fw\l^cdn`nnol\&_`p`&\mmog`l`.& h`ff`&nl\mailg\tdihd&_`ff\&mi^d`n•&`&_`f&n`lldnildi& fi^\f`.&fwdhn`ljl`n\tdih`&_`d&]dmibhd&f`b\nd&md\&\f& ^igailn&_`ffwdh_dpd_oi&^c`&\ff`&`mdb`ht`&jmd^cd^c`& `&mjdldno\fd&_d&oh\&^iff`nndpdn•.&ko`mnwofndg`& f`b\n`&\f&^ih^`nni&`&\ff\&^ihn`gjil\h`\&^ofnol\& _`ffw`_d$^di&md\&`mmi&l`md_`htd\f`.&^dpdf`.&dh_omnld\f`&i& ^igg`l^d\f`0 E^^i.&kodh_d.&^im\&md&_`p`&a\l`&j`l&jl`j\l\l`&f\& mnl\_\&\_&oh&Pl`gdi&_d&\l^cdn`nnol\=&l\^^ibfd`l`& df&g`bfdi&_`ff\&jli_otdih`&\l^cdn`nnihd^\&_d&oh& n`lldnildi&`mn`mi.&^ihmd_`l\l`&f`&ij`l`&jd &pd^dh`&\ff\& m`hmd]dfdn•&^ihn`gjil\h`\&`&nlip\l`&oh&_`bhi&n`g\& _d&^ihalihni&^ofnol\f`0&9+D+&`&J+F+

05/##l##.,-/

//


>@#DF9A>C'#>@#7CB7CFGC# 9#@d5F7=>H9HHIF5c( vGd$]bk^`fg$ $]^kb]^jbg$]b$bfl^ddb`^frZw,$|dnZjg$QbrZ$Tb^bjZ vJZ$eZlblZ$aZ$mf$jZhhgjlg$hjbnbd^`bZlg$\gf$d^$^egrbgfbw,$RgeZk$Eabk^ddbfb Gf$im^kl^$hZ`bf^$v?Jw$SR&PNRJ$hj^k^flZ$]m^$ hjg`^llb$nbf\blgjb$]b$\gf\gjkb$]b$hjg`^llZrbgf^$bf$ GlZdbZ$\a^$aZffg$Znmlg$dZ$_gjlmfZ$]b$n^]^j^$dZ$dm\^$ ]^d$kgd^.$Kgdl^$ngdl^$b$\gf\gjkb$]b$hjg`^llZrbgf^,$ g$h^``bg,$b$\gf\gjkb$]b$b]^^,$jbeZf`gfg$\abmkb$bf$ \Zkk^llb$bfZ\\^kkb[bdb$g$kh^j]mlb$f^dd^$hZ`bf^$[JG$ ]^b$]bn^jkb$kblb$hjg$Zj\abl^llb. Gd$hjg`^llg$]b$RageZk$Eabk^dbfb$fZk\^$]ZddZ$ k^jb^l•$]b$mfuZeebfbkljZrbgf^$dg\Zd^$]^ddZ$ hjgnbf\bZ$]b$@^j`Zeg$]b$hjgemgn^j^$mf$Agf\gjkg$ ]b$b]^^$h^j$dZ$j^ZdbrrZrbgf^$]b$mf$hd^kkg$k\gdZklb\g$ \gehj^f]^fl^$Q\mgdZ$hjbeZjbZ.$LgfgklZfl^$bd$ nbf\blgj^$jbkmdlZkk^$mf$`bgnZfbkkbeg$Zj\abl^llg,$ Zhh^fZ$lj^fl^ff^,$duZeebfbkljZrbgf^$aZ$Znmlg$ bd$\gjZ``bg$]b$hjgk^`mbj^$\gf$dZ$j^ZdbrrZrbgf^$ ]^ddugh^jZ.$Om^klg$\gjZ``bgkg$\gehgjlZe^flg$ ]^dduZeebfbkljZrbgf^,$ $klZlg$jbhZ`Zlg$\gf$]bn^jkb$ hj^eb$]b$Zj\abl^llmjZ,$Zf\a^$bfl^jfZrbgfZdb$ ^,$^d^e^flg$Zf\gj$hb $behgjlZfl^,$aZ$]Zlg$dZ$ hgkkb[bdbl $Zb$hb $`bgnZfb$\bllZ]bfb$]b$A^fZl^$ Qgllg$f^b$hjbeb$Zffb$]b$k\mgdZ$]b$mkm_jmbj^$]b$ mfZ$e^jZnb`dbgkZ$gh^jZ$]b$Zj\abl^llmjZ$_jZ$dZ$ eg]^jfbl•$^$dZ$ljZ]brbgf^$]^d$hZ^kZ``bg. Gd$hjg`^llg$]^ddg$klm]bg$K?@$?jimbl^\lmjZ$ )DdgjbZfZ$KZjgllZ$Zf]$KZkkbeg$@Zkbd^*$ $_jmllg$ ]b$mf$\gf\gjkg$h^j$MSYWNRL$kg\bZd^$[Zf]blg$]Zd$ \gemf^$]b$KbdZfg$f^d$2005;$Zf\a^$bf$im^klg$\Zkg,$ duZeebfbkljZrbgf^$aZ$hjgk^`mblg$bd$kmg$bfl^flg$ ^]$ $klZlZ$jbhZ`ZlZ$\gf$fme^jgkb$^$hj^klb`bgkb$ hj^eb$bfl^jfZrbgfZdb$]b$Zj\abl^llmjZ,$gdlj^$Z$ ]Zj^$bd$hjbnbd^`bg$Zb$kmgb$\bllZ]bfb$]b$Z[blZj^$bf$ mfuZj\abl^llmjZ$\gfl^ehgjZf^Z$]b$Zdlbkkbeg$ nZdgj^$^]$^#\b^frZ. Q_g`dbZf]g$jZhb]Ze^fl^$Zf\a^$d^$Zdlj^$hZ`bf^$]b$ im^klg$fme^jg$]b$v?Jw$SR!PNRJ,$]^]b\Zlg$Zb$Nj^eb$ ]b$?j\abl^llmjZ$gj`ZfbrrZlb$f^dd^$fgklj^$hjgnbf\^,$ fgf$hgkkbZeg$hj^k\bf]^j^$]Z$gkk^jnZj^$\a^$ egdlb,$gkkbZ$dZ$eZ``bgj$hZjl^$]^b$hjg`^llb$hm[[db\b$ k^d^rbgfZlb$h^j$b$hj^eb,$kgfg$_jmllg$]b$\gf\gjkb$ ]b$Zj\abl^llmjZ.$Om^klZ$k^ehdb\^$^]$^ehbjb\Z$ gkk^jnZrbgf^$\b$]gnj^[[^$_Zj$jZ`bgfZj^,$^$hgb$ \gf\dm]^j^,$\a^$dZ$hjg]mrbgf^$]b$Zj\abl^llmjZ$ \gfl^ehgjZf^Z$]b$imZdbl•$f^b$fgkljb$l^jjblgjb$ $bfljbfk^\Ze^fl^$\gdd^`ZlZ$ZddZ$\ZhZ\bl $]^dd^$ fgklj^$ZeebfbkljZrbgfb$hm[[db\a^$]b$hjgemgn^j^$ \gf\gjkb$]b$Zj\abl^llmjZ$^$jbmk\bj^$Z$j^ZdbrrZj^$d^$ gh^j^$\a^$jbkmdlZfg$nbf\bljb\b$]b$im^klb$\gf\gjkb$ hm[[db\b$]b$hjg`^llZrbgf^. BZ$im^klZ$k^ehdb\^$ZfZdbkb,$k^e[jZ$\a^$bd$e^lg]g$ ]^d$\gf\gjkg$]b$hjg`^llZrbgf^,$bf]bnb]mZlg$ f^ddZ$fgkljZ$d^`bkdZrbgf^$\ge^$dumfb\Z$_gjeZ$]b$ Z#]Ze^flg$]b$bf\Zjb\ab$hm[[db\b$]b$mfZ$\^jlZ$ behgjlZfrZ,$ljZff^$bf$\Zkb$kh^\bZdb$hj^nbklb$ /0

05/##l##.,-/

]ZddZ$d^``^,$k^e[j^j^[[^$mf$e^lg]g$egdlg$ ]^eg\jZlb\g$^$nZflZ``bgkg,$lZflg$]Z$hgl^jdg$ Zhhdb\Zj^$imZkb$k^ehj^$f^ddZ$\gehd^kkZ$eZ\\abfZ$ ]b$Z#]Ze^flg$]^`db$bf\Zjb\ab$]b$hjg`^llZrbgf^$ ]^dd^$fgklj^$ZeebfbkljZrbgfb$hm[[db\a^.$Gfgdlj^,$ k^e[j^j^[[^,$Zf\a^,$\a^$mfugh^jZ,$_jmllg$]b$mfZ$ k^d^rbgf^$\gf]bnbkZ$hjbeZ$]^ddZ$\gkljmrbgf^,$ kbZ$hb $_Z\bde^fl^$jbl^fmlZ,$]Z$mfuZdljZ$`bmjbZ$]b$ mf$hj^ebg,$b]gf^Z$Z$jZhhj^k^flZj^$du^ngdmrbgf^$ Zj\abl^llgfb\Z$]b$mfZ$\gdd^llbnbl•$^$dub]^flbl•$ Zjlbklb\Z$]^ddZ$kg\b^l•$\a^$duaZ$\gkljmblZ,$ Z#]Zf]gd^$mf$hj^ebg$]b$Zj\abl^llmjZ. J^$`bmjb^$]^b$\gf\gjkb$kgfg$Z[blmZde^fl^$ \gehgkl^$]Z$Zmlgj^ngdb$\gdd^`ab$Zj\abl^llb$^]$ ^khjbegfg$]^b$hZj^jb$l^\fb\b$f^dduZe[blg$]^ddZ$ k^d^rbgf^$]^dd^$gh^j^$g``^llg$]^d$\gf\gjkg,$eZ,$ bf^nblZ[bde^fl^,$^khjbegfg$hZj^jb$^kl^lb\b$^$ kg``^llbnb$]^ddZ$imZdbl•$Zj\abl^llgfb\Z$]^ddugh^j^<$ im^klb$Zdljb$nZdgjb$kgfg$kb\mjZe^fl^$hb $ behgjlZflb$f^ddZ$nZdmlZrbgf^$]^dd^$`bmjb^$]^b$ Nj^eb,$^$egdl^$ngdl^$im^kl^$`bmjb^$kgfg$\gehgkl^$ ]Z$Zdljb$Zmlgj^ngdb$\gdd^`ab$g$imZd\a^$ngdlZ$Zf\a^$ \gf$dZ$hj^k^frZ$]^`db$kl^kkb$\gdd^`ab$\a^$aZffg$ h^je^kkg$dZ$k^d^rbgf^$]^d$hjg`^llbklZ$^,$imbf]b,$dZ$ j^ZdbrrZrbgf^$]b$im^kl^$fmgn^$Zj\abl^llmj^.$ J^$bf^nblZ[bdb$kgnjZhhgkbrbgfb$]b$`bmjb^$]^k\jbll^$ bf$hj^\^]^frZ$aZffg$`^f^jZlg$bf$egdlb$dmg`ab$ ]^ddZ$]bk\mkkbgf^$l^gjb\Z$]^dduZj\abl^llmjZ$]^`db$ kl^jbdb$`bm]brb$]b$\gf]ZffZ,$\a^$egdl^$ngdl^$ n^f`gfg$mkZlb$h^j$k\j^]blZj^$\gf\gjkb$hm[[db\b$ ^$hj^eb$]b$Zj\abl^llmjZ,$hjgegn^f]g$\gkb,$ Zdlj^$eg]Zdbl•$]b$Z#]Ze^flg$]b$bf\Zjb\ab,$\a^$ Z[blmZde^fl^$fb^fl^$aZffg$]Z$\gf]bnb]^j^$\gf$ dZ$fgkljZ$d^`bkdZrbgf^,$g,$h^``bg,$\gf$bd$fgkljg$ \gemf^$k^fkg$\bnb\g. J^$]m^$gh^j^$imb$hj^k^flZl^,$^$egdl^$Zdlj^$gh^j^$ hm[[db\Zl^$bf$im^klg$fme^jg$]b$v?Jw$SR!PNRJ,$\b$ \gf_gjlZfg$h^j$dZ$ZdlbkkbeZ$imZdbl•$Zj\abl^llgfb\Z$ ]^dd^$\gkljmrbgfb$^$\b$khbf`gfg$Z$\gfkb]^jZj^$ \a^$dumfb\Z$kljZ]Z$h^j$eb`dbgjZj^$d^$fgklj^$\bll•$ ^$bd$fgkljg$hZ^kZ``bg$]^n^$hZkkZj^$h^j$mfZ$ ]^eg\jZlbrrZrbgf^$]^dd^$k\^dl^$]^b$hjg_^kkbgfbklb$ \a^$kb$g\\mhZfg$]^dd^$ljZk_gjeZrbgfb$]^d$l^jjblgjbg$ ^,$imbf]b,$j^f]^j^$ljZkhZj^fl^$dZ$k^d^rbgf^$]^b$ hjg`^llb$^$]^b$hjg`^llbklb$ZlljZn^jkg$eg]Zdbl•$]b$ nZdmlZrbgf^$]^dd^$gh^j^,$bf$mkg$]Z$egdlb$Zffb$bf$ lmllZ$duCmjghZ. Q^e[j^j^[[^$k^ehdb\^$ljZjj^$mfZ$[mgfZ$ \gf\dmkbgf^;$k^$bd$]bk^`fg$\gf$dZ$eZlblZ$^khjbe^$ d^$fgklj^$eb`dbgjb$^egrbgfb,$dZ$k^d^rbgf^$]^b$ hjg`^llbklb$\gf$`ZjZ$hm[[db\Z$^khjbe^$bd$k^`fg$ ]^ddubfl^ddb`^frZ$]^dd^$fgklj^$ZeebfbkljZrbgfb.$ 3HWQTX!=HSZLQ!7TRLX!KL!3HW[HQOT


FHE=;JJ?!9?!6H8>?J;JJKH6!h!*

@5#7CFH9# 89<@>#5@69F> %1&#3.((2/&#(.77&)*//&#6(2/&67.(&#3*5#'&0'.1.#5.((&#).#&/'*5.# (21#/&#48&/*#.167&85&5*#5*/&;.21.#).#(21).9.6.21*#&"*77.9&

<EJE=H6<?;!9?!JEC6I!=>?I;BB?D?

05/##l##.,-/

/1


/2

05/##l##.,-/


HCA5G#<=>G9@@>B>#5F7=>H9HH> G7IC@5#DF>A5F>5#5#79B5H9#GCHHC#"69F<5AC!

69F <5AC

QZdnZf]g$mf$hj^rbgkg$khZrbg$n^j]^$]ZddZ$ ]bkljmrbgf^,$bd$hjg`^llg$]^fkb"\Z$mf$\gehZllg$ [gj]g$Zj\abl^llgfb\g$km$kljZ]Z,$\gf\^fljZf]g$ g`fb$eZkkZ$\gkljmblZ$Zb$eZj`bfb$^$jblZ`dbZf]g$ mfZ$km``^klbnZ$\gjl^$fZk\gklZ$hjghjbg$f^d$\mgj^$ ]^ddubfl^jn^flg.$Omb,$kghjZnnbngfg$`db$Zd[^jb$ hbZflZlb,$g`fmfg,$bf$g\\Zkbgf^$]^ddZ$fZk\blZ$]b$mf$ [Ze[bfg<$imb,$bd$k^flbe^flg$\gdd^llbng$\gflbfmZ$ bf$mf$\^jlg$k^fkg$Z$jb`^f^jZjkb<$mfZ$kh^\b^$]b$ v_gjlb"\Zrbgf^w$mj[ZfZ$\mklg]bk\^,$hjgl^``^$^$ \j^k\^$bd$hb $bf^klbeZ[bd^$l^kgjg$]^ddZ$\gemfbl . Ju^]b"\bg$_Z$hjghjbg$mf$d^kkb\g$^khj^kkbng$khmjbg,$ b[jb]g,$\gehgkblg,$Zkk^`fZf]g$ZdduZ\\gklZe^flg$

]b$hb $eZl^jbZdb$bd$\gehblg$]^ddZ$nZjb^l $h^j\^llbnZ,$ \ge^$k^$bd$\gehd^kkg$]^jbnZkk^$]ZdduZkk^e[dZ``bg$ ]b$]b!^j^flb$hZjlb$\gklblmlbn^.$Gf$im^klg$eg]g$ Zb$[Ze[bfb$ $]Zlg$]b$Z[blZj^$mfZ$kh^\b^$]b$ hb\\gdZ$\bllZ]^ddZ,$mf$vnbddZ``bgw$lmllg$dgjg$\gf$ bd$imZd^$\gkljmbj^$`bgjfg$h^j$`bgjfg$j^dZrbgfb$]b$ \gf]bnbkbgf^$Z!^llbnZ$^$k^flbe^flZd^. ?ll^flZ$Z$jbkgdn^j^$b$]^db\Zlb$jZhhgjlb$]b$ \gfnbn^frZ$kghjZllmllg$\gd$nb\bfbkkbeg$ \bebl^jg,$duZj\abl^llmjZ$k\^`db^$dZ$kljZ]Z$]^ddZ$ k^ehdb\bl•,$jb"mlZf]g$Z$hjbgjb$g`fb$bfmlbd^$ ^kb[brbgf^$_gjeZd^$^$bfklZmjZf]g$\gf$dubflgjfg$ mfZ$j^dZrbgf^$]b$]bh^f]^frZ$^$bfl^jk\Ze[bg$

!I8>;96!J;8D?86!

GW^^S#bSY[`S#S#"S`Ua(# hWVgfS#VW^^S#bS^WefdS# W#VW^^mSfd[a#Vm[`YdWeea*# LabdS#W#S#bSY[`S#/16# h[efW#VS^#Y[SdV[`a*

Hfc[Yhhc5!! J\ZN`!=UV`RYYV[V!6_PUVaRaaV!&!J\ZN`!=UV`RYYV[V!$dfc[Yhhc!UfW\]hYhhcb]Wc'!<)D)'!`UbXgWUd]b['!]bhYfb]!Y!UffYX]%%! 7RNa_VPR!7R_TNZV[V!$ghfihhifY%%!DVP\YN!=NYYV[V!$]ad]Ubh]!Y!g]WifYnnU!Ubh]bWYbX]c%%! 8_V`aV[N!>NbZN[[%!CVPURYR!CN_PUV%!6YVPR!CN_g\YN!$Wc``UVcfUhcf]% ;fcbc`c[]U5! +))1&)2!dfc[Yhhc6!+)*)&**!fYU`]nnUn]cbY ;caa]hhYbhY5! 8\Zb[R!QV!8R[NaR!I\aa\!"7R_TNZ\# AadfYgU5! F\YRQVY!`_Y!$UddU`hUhcfY![YbYfU`Y%%!J_R`P\_R!7NY[RN_V\!"7R_TNZ\#

05/##l##.,-/

/3


IdaebWffa#egV)Wef*

IdaebWffa#`adV)ahWef*

hb $\a^$]b$Z!^jeZrbgf^.$Ju^]b"\bg,$`^f^jZlg$ ]ZddZ$\gehgkbrbgf^$]b$ngdmeb$^d^e^flZjb$bf$ dZl^jbrbg$Z$nbklZ$^$bflgfZ\g$[bZf\g,$Zdd^klbk\^$km$ kljZ]Z$hjgkh^llb$jb`gjgkb$bflZ`dbZlb$]Z$Zh^jlmj^$ fZk\gkl^,$k^d^rbgfZ$hjg"db$hmf`^flb$\a^$`db$ \gf_^jbk\gfg$mf$\ZjZll^j^$bf\dmkbng,$h^j$\^jlb$ n^jkb$hm]b\g<$bd$dbf`mZ``bg$Zj\abl^llgfb\g,$k\Z[jg$ ^]$^kk^frbZd^,$ljZll^``bZ$dZ$km``^klbgf^$Zflb\Z$]b$ mf$^]b"\bg$]b_^fkbng$h^j$bd$imZd^$Z]$mf$[ZkZe^flg$

LWk[a`W#-*

LWk[a`W#.*

LWk[a`W#/*#

=WffSY^[a#Uaefdgff[ha#VW^^S#LWk[a`W#-#W#LWk[a`W#/*

/4

05/##l##.,-/

ZhhZj^fl^e^fl^$beh^f^ljZ[bd^$ $Z#]Zlg$bd$ \gehblg$]^d$\gflZllg$\gf$bd$kmgdg$mj[Zfg.$ Agf$mfZ$kgklZfrbZd^$bfn^jkbgf^,$bd$hjg`^llg$db[^jZ$ n^jkg$dZ$\gjl^$]^`db$Zd[^jb$_jgflb$ljZkhZj^flb$ ^$ZlljZn^jkZ[bdb$\a^$j^`ZdZfg$Z$lmllb$`db$Ze[b^flb$ fg[bdb$]^ddZ$k\mgdZ$)Zmd^,$_gq^j,$khZrb$\gemfb,$ j^_^llgjbg$^$hZd^kljZ*$dZ$nbklZ$]bj^llZ$ ]^d$`bZj]bfg$^$]^d$hZfgjZeZ$\gddbfZj^.$ )IFPPF!VJPF^NSRJ!IN!TVSLJXXS*


FHE=;JJ?!9?!6H8>?J;JJKH6!h!+

56>H5F9#GC7>5@9# 5#A>@5BC %1#.17*59*172#(-*#982/*#(21+*5.5*#<85'&1.7?=#&)#81#/82,2#).#(21!1*# +5&#./#7*66872#(2162/.)&72#)*/#$&//&5&7*6*#*#/&#(&03&,1&#0./&1*6* A56#5FEI>H97HIF5 GC7>5@#=CIG>B<'#D5F7C#DI66@>7C#9#G9FJ>K>'# EI5FH>9F9#<5@@5F5H9G9'#A>@5BC A>@5 BC

Gd$hjg`^llg$ $mf$bfl^jn^flg$]b!WSHNFP!MSYWNRL! hjgegkkg$]Zd$Agemf^$]b$KbdZfg,$Zddubfl^jfg$]b$ mfuZj^Z$]b$33.500$ei$f^d$imZjlb^j^$EZddZjZl^k^,$bf$ mf$dgllg$klj^llg$^$dmf`g$b$\mb$eZj`bfb$kb$Z!Z\\bZfg$ jbkh^llbnZe^fl^$Z$km]$n^jkg$bd$_jgfl^$\gkljmblg$]b$ nbZ$?hh^ffbfb,$dbebl^$]^d$imZjlb^j^,$^$Z$fgj]$n^jkg$ nbZ$EZddZjZl^.$ Jubfl^jn^flg,$\a^$\gehj^f]^$184$ZhhZjlZe^flb,$ k^jnbrb$ZddZ$j^kb]^frZ$^$mf$hZj\g$]b$\bj\Z$3$^llZjb,$ hjghgf^$mf$eg]^ddg$]b$Z[blZj^$kg\bZd^$bf$\mb$ dZ$j^kb]^frZ$ $kmhhgjlZlZ$]Z$khZrb$hm[[db\b$^$

k^jnbrb.$Gd$\gf\^llg$]b$vZ[blZj^w$fgf$kb$^klbf`m^$ f^ddZ$kmh^j"\b^$ebfbeZ$]^dduZhhZjlZe^flg,$eZ$ kb$^kl^f]^$Z`db$khZrb$\gemfblZjb$)kZd^$jbmfbgfb,$ dZnZf]^jb^,$]^hgkblb*,$Z`db$khZrb$Zh^jlb,$Zdd^$rgf^$ dm]b\a^$]^d$hZj\g$^$Zb$k^jnbrb$kg\bZdb$\ge^$duZkbdg$ fb]g,$bd$\^fljg$kg\bg-\mdlmjZd^$^$bd$\^fljg$]bmjfg$ h^j$ZfrbZfb.$ Gd$hZj\g$^$dg$khZrbg$hm[[db\g$kljmllmjZfg$ dubfl^jn^flg$Zj\abl^llgfb\g$e^ll^f]g$bf$j^dZrbgf^$ `db$^]b"\b,$d^$rgf^$n^j]b$^$b$h^j\gjkb$bf$mf$bfkb^e^$ geg`^f^g$^$mfblZjbg.$?$km]$bd$hZj\g$ $]glZlg$]b$ 05/##l##.,-/

/5


!I8>;96!J;8D?86! Hfc[Yhhc5! C67!N_^bVaRPab_N!&!<Y\_VN[N!CN_\aaN%!CN``VZ\!7N`VYR ;caa]hhYbhY5 8\Zb[R!QV!CVYN[\ <]aYbg]cb]5 ,,'1/)!Z^%!N_RN!QV!]_\TRaa\4!+)'/1,!Z^!QV!_R`VQR[gVNYR ;fcbc`c[]U5 +)).!WcbWcfgc6!+))/&)2!fYU`]nnUn]cbY

OB9#9II>GGBGB OB9#@9EE9K9M>

B^#Xda`fW#bd[`U[bS^W#VW^^mWV["U[a#e[fgSfa#S#Wef*

0-/.!0# '&!12

0-/.!0$ '"!12 9^Ug`[#WeW_b[#V[#V[!WdW`f[#f[ba^aY[W#ST[fSf[hW*

I^S`[_Wfd[S#YW`WdS^W#VW^^m[`fWdhW`fa*

0,

05/##l##.,-/

0-/.!0% *(!12

0-/.!+# )"!12

0-/.!+# )"!12


Zj^^$Zllj^rrZl^,$]bklbfl^$h^j$mkg$^$imZdbl•$]^b$ eZl^jbZdb,$^$kb$\gf"`mjZ$\ge^$mfu^kl^fkbgf^$ ]^ddZ$nbZ$?hh^ffbfb<$Z$fgj],$bd$hjg[d^eZ$ ]^ddubfimbfZe^flg$Z\mklb\g$]^ddZ$nbZ$EZddZjZl^$ ^$]^ddZ$\j^Zrbgf^$]b$mfZ$[Zjjb^jZ$]b$hjgl^rbgf^$ $ klZlg$Z!jgflZlg$eZfl^f^f]g$dZ$h^je^Z[bdbl•$ljZ$ kljZ]Z$^$hZj\g.$Sf$kbkl^eZ$emjg-\gddbfZ$]b$Zdl^rrZ$ nZjbZ[bd^$ $h^j_gjZlg$k^\gf]g$d^$dbf^^$]uZ\\^kkg$ h^]gfZdb$^$Z\\g`db^,$bf$khZrb$k^eb-bhg`^b,$hb\\gdb$ hZ]b`dbgfb$]b$k^jnbrbg.$L^d$hZj\g$`db$^]b"\b$]b$lj^$ hbZfb$kubf\ZkljZfg$f^d$kbkl^eZ$emjg-\gddbfZ,$

e^flj^$Z$km],$d^$imZlljg$lgjjb$Zdl^$gllg$^$]b^\b$hbZfb$ kb$^d^nZfg$n^jkg$dZ$\bll•$\gfkgdb]ZlZ.$ Edb$ZhhZjlZe^flb,$]b$lj^$^$imZlljg$dg\Zdb,$kgfg$ \ZjZll^jbrrZlb$]Z$khZrb$]bkljb[mlbnb$ebfbeb$^$]Z$ \m\bf^$bfl^`jZl^$f^dd^$rgf^$`bgjfg$g$\^dZl^$]Z$ hZff^ddb$k\gjj^ngdb.$Edb$Zddg``b,$^khgklb$^kl-gn^kl,$ hj^k^flZfg$Zehb^$n^ljZl^$Z]$Zdlg$j^f]be^flg$ l^jeg-Z\mklb\g$^$dg``^$k\a^jeZl^$\gf$`^dgkb^.$ Rmllb$`db$^]b"\b$jbkhgf]gfg$Zb$j^imbkblb$f^\^kkZjb$ h^j$dZ$\^jlb"\Zrbgf^$^f^j`^lb\Z$]b$\dZkk^$@.$ )IFPPF!VJPF^NSRJ!IN!TVSLJXXS*

9#bSY[`S#/56#h[efS#VS# ahWef#V[#cgSffda#WV["U[#UZW# Ua_ba`Ya`a#^m[`fWdhW`fa* B`#cgWefS#bSY[`S(#[`#eW`ea# adSd[a6#^mSUUWeea#S^^S#UadfW# VW^#ha^g_W#baefa#S#ahWef* B^#bSdf[Ua^SdW#Vm[`YdWeea# W#^S#h[efS#Xda`fS^W# V[#VgW#WV["U[#UW`fdS^[# VW^#Ua_b^Weea*

05/##l##.,-/

0-


IKH?>LLBHG>$k$<HG<HKLB

E9#<HF BLLBHG>#;9G=B#>#<HG<HKLB#=>EE9#<HGLNEM9#>E9;HK9# E9#=H<NF>GM9RBHG>#MBIH#=9#IKHFNHO>K>#IK>LLH#E>#9FF BGBLMK9RBHGB

CEBAG="="54A7="G=CB"C8E"6BA6BEF=

BN$9[Z_aX`N$GRTV[ZNXR$B[YON^QN$QRTXV$E^QVZV$QRTXV$7^PUV`R``V$FF9$UN$\^RQV_\[_`[$ V$ONZQV$`V\[$R$XN$^RXN`VbN$Y[QaXV_`VPN'$[^N$N$QV_\[_VeV[ZR$QRV$_VZT[XV$E^QVZV$\^[bVZPVNXV'$ \R^$PR^PN^R$QV$\^[Ya[bR^R$YNTTV[^YRZ`R$\^R__[$NYYVZV_`^NeV[ZV$\aOOXVPUR$R$\^VbN`R$Xfa`VXVee[$ QRXX[$_`^aYRZ`[$QRX$P[ZP[^_[$\R^$XfN#QNYRZ`[$QRTXV$VZPN^VPUV$QV$\^[TR``NeV[ZR Ed%?gfka_dag%@aj]llang%\]ddY%?gfkmdlY%`Y% YhhjgnYlg%a%ZYf\a%lahg%h]j%[gf[gjka%\a% a\]]%]%h]j%a%[gf[gjka%\a%hjg_]llYragf]-%E% ZYf\a%]%dY%j]dYlanY%eg\mdakla[Y%kgfg%klYla% ]dYZgjYla%Ydduafl]jfg%\]ddY%?geeakkagf]% >Yf\a%]%?gf[gjka%\Yddg%kh][a#[g% Cjmhhg%\a%dYngjg%[ggj\afYlg%\Y%N]eg% ?YhalYfag%(>]j_Yeg)%]%Yd%imYd]%`Yffg% hYjl][ahYlg%SYdl]j%>gkgfa%(LYnaY)+% Camk]hh]%?glla%(?j]egfY)+%Cma\g% @]%Jgn]ddak%(H][[g)%]%IYj[g%Hg\jafa% (>j]k[aY)-%HY%\g[me]flYragf]%•%klYlY% km[[]kkanYe]fl]%]kYeafYlY%\Ya%kaf_gda% Kj\afa%hjgnaf[aYda%]%\Yd%[gfkmd]fl]%d]_Yd]% h]j%mfY%n]ja#[Y%\]a%[gfl]fmla%h]j%imYflg% ja_mYj\Y%_da%Ykh]lla%fgjeYlana-% KZa]llang%\]ddY%?gfkmdlY%N]_agfYd]% HgeZYj\Y%\]_da%Kj\afa%\]_da%=j[`al]lla% LL?%•%\a%k]ehda#[Yj]%]%j]f\]j]% geg_]f]Y%dY%hjg[]\mjY%h]j%dg% kngd_ae]flg%\]a%[gf[gjka%^Y[adalYf\g% ad%dYngjg%\]_da%]fla%hjgeglgja%]%\]a% hYjl][ahYfla-% E%ZYf\a%lahg%kgfg%gjY%Y%\akhgkaragf]%\]a% kaf_gda%Kj\afa%hjgnaf[aYda%h]j%hjgemgn]j]+% hj]kkg%YeeafakljYragfa%hmZZda[`]% ]%hjanYl]+%dumladarrg%\]ddg%kljme]flg% \]d%[gf[gjkg%h]j%duY$\Ye]flg%\]_da% af[Yja[`a%\a%hjg_]llYragf]-% HY%?geeakkagf]%>Yf\a%]%?gf[gjka% hjgk]_m]%dY%hjghjaY%Yllanal}%YlljYn]jkg%ad% O]jnarag%\a%?gfkmd]frY%d]_Yd]%h]j%ZYf\a% \a%Y$\Ye]flg%af[Yja[g+%[ggj\afYlY% \Y%CagnYffa%RYfga%(Ogf\jag)%]%[gf% duKkk]jnYlgjag%j]_agfYd]%ZYf\a%[ggj\afYlg% \Y%BjYf[]k[g%?gddafa%(IadYfg)?gf%dY%[gfkmd]frY%d]_Yd]+%[gf%Ynng[Ylg% ]kh]jlg%af%eYl]jaY+%dY%?gfkmdlY%ka%•% \glYlY%\a%mfY%kljmllmjY%\a%k]jnarag% Y_da%Kj\afa%af%_jY\g%\a%]kYeafYj]%]\% ]khjae]j]%mf%hYj]j]%ja_mYj\g%a%\mZZa% afl]jhj]lYlana%[`]%hgkkgfg%fYk[]j]% \YdduYfYdaka%\]a%ZYf\a%af%[Yja[g%Ydd]% [geeakkagfa%hjgnaf[aYda-%Mm]klg%Ykh]llg% \]dduYllanal}%\]ddY%[geeakkagf]%ka%•% \aegkljYlg%egdlg%hjg#[mg+%kaY%h]j%dY% [YhY[al}%\]d%[gfkmd]fl]%[`]%h]j%dY%

0.

05/##l##.,-/

ka[mj]rrY%[`]%lYd]%k]jnarag%`Y%^gjfalg% Ya%[gdd]_`a%f]dd]%dgjg%Yragfa%n]jkg%_da% ]fla%ZYf\algja-%O]eZjY%ghhgjlmfg% ]na\]fraYj]%[`]%Yd[mf]%\]dd]%Yragfa% afljYhj]k]%[gf%ad%kmhhgjlg%\]dduYnng[Ylg% `Yffg%hgjlYlg%Y\%mf%\aYdg_g%ha %\aj]llg% ]\%]$[Y[]%[gf%_da%]fla%ZYf\algja%]%`Y% hgjlYlg%af%Yd[mfa%[Yka%YddY%j]nakagf]%\a% ZYf\a%_a}%]e]kka-% ?gf%duKkk]jnYlgjag%j]_agfYd]%ZYf\a+%dY% ?gfkmdlY%`Y%gj_YfarrYlg%mf%kakl]eY%\a% k[`]\YlmjY%]d]lljgfa[Y%\]a%ZYf\a%]%\]a% [gf[gjka%\a%lmllY%dY%j]_agf]+%Y\gllYlg%]% mfa#[Ylg%h]j%lmlla%_da%Kj\afa%hjgnaf[aYda-% ?gf%dY%km[[]kkanY%]dYZgjYragf]%af%mf% ?<N<=<M@%YhhgkalYe]fl]%kljmllmjYlg+% kYj}%hgkkaZad]%kYh]j]%imYda%ZYf\a%kgfg% Yh]jla%f]ddY%fgkljY%j]_agf]+%eY%Yf[`]% imYda%]%imYfla%kgfg%klYla%]e]kka%]\% Yn]j]%lmll]%d]%af^gjeYragfa%\YddY%\YlY%

\u]eakkagf]%YdduY__am\a[Yragf]+%[gehj]ka% lahgdg_aY%\a%_YjY+%aehgjla%\]a%dYngja+% jaZYkka%Yhhda[Yla+%][[-%L]j%im]klY%Yllanal}+% ka%jala]f]%af\akh]fkYZad]%ad%[gfljaZmlg%\]a% kaf_gda%Kj\afa%h]j%dY%jY[[gdlY+%Y%dan]ddg% hjgnaf[aYd]+%\a%af^gjeYragfa%kma%ZYf\a% hmZZda[a-% |%f][]kkYjag%gjY%hjgemgn]j]%]% jY"gjrYj]+%Y%dan]ddg%j]_agfYd]+%d]%j]dYragfa% [gf%Ydlja%]fla%g%Ykkg[aYragfa%(N]_agf]% HgeZYj\aY+%=f[a+%=f[]%]%Ydlja)%h]j% [gf\ana\]j]%_da%gZa]llana%[`]%ja_mYj\Yfg% kghjYllmllg%dY%k]ehda#[Yragf]%]%dY% ljYkhYj]frY%f]d%k]llgj]%\]a%HYngja% LmZZda[a%[`]%afl]j]kkY%dY%fgkljY% [Yl]_gjaY-%3LVTHRRH!>JS_* #1946?A6B956=C6!56;;2!*>=BD;C2! 6!.6B?>=B239;6!56;;2!*><<9BB9>=6! )2=59!6!*>=4>AB9!

BE#L>FBG9KBH

54A7="7=";4E4"8"6BA6BEF= Ef%\m]%af[gflja+%^jY%#f]%^]ZZjYag%]%afarag% eYjrg%1/02+%ka%•%kngdlg%ad%k]eafYjag% v>Yf\a%\a%_YjY%]%[gf[gjka9%[ge]%ka%^Yw% hjgegkkg%\YddY%?geeakkagf]%[gf_amflY% h]j%dY%RYdmlYragf]%\]a%>Yf\a%\a%_YjY%]% [gf[gjka%\]_da%Kj\afa%\]_da%=j[`al]lla% LL?%]%\]_da%Ef_]_f]ja%\]ddY%hjgnaf[aY%\a% IadYfg-%J]dd]%_agjfYl]%kgfg%afl]jn]fmla% mfY%imaf\a[afY%\a%j]dYlgja%hjgn]fa]fla% \Y%\an]jka%k]llgja%\ak[ahdafYja+%addmkljYf\g% aehgjlYfla%Ykh]lla%d]_Yda+%Yd[mf]% ]kh]ja]fr]%hjg^]kkagfYda%\a%hjg_]llakla% ]%ad%dYngjg%v\a]ljg%d]%imafl]w%\a%l][fa[a% [gemfYda-%E%fme]jgka%ak[jalla+%h]j%dg%ha % daZ]ja%hjg^]kkagfakla%]%[gdd]_`a%\]d%k]llgj]% hmZZda[g+%`Yffg%hglmlg%Yhhj]f\]j]% [ge]%\aklja[Yjka%f]dd]%hjg[]\mj]%]%f]a% \g[me]fla%\]dd]%_Yj]%YlljYn]jkg%mf% [gf^jgflg%[gkljmllang%[gf%[`a%k[jan]+% hYjl][ahY%g%_]klak[]%a%ZYf\a-


HR``R$P[ZP[^_V$ X[YON^QV$ ^VTaN^QNZ`V$ VZ`R^bRZ`V$ QfNYOV`[$X[PNXR$ R$XfN``aNeV[ZR$R$XN$ \^[T^NYYNeV[ZR$ QV$[\R^R$VY\[^`NZ`V

@ 8 !- 8 8 9! 04 !/98 /9= > 4 =%j][mh]jg%\]d%jalYj\g%Y[[memdYlg+% ka%hj]k]flY%mfY%fmljalY%k]ja]%\a%]kala% \a%[gf[gjka%dgeZYj\a+%Yd[mfa%ja_mYj\Yfla% ha[[gda%afl]jn]fla%\a%YeZalg%dg[Yd]+% Ydlja%hj]\akhgkla%h]j%duYllmYragf]%g%dY% hjg_jYeeYragf]%\a%gh]j]%aehgjlYflaPjY%im]kla%mdlaea%e]jalY%Yll]fragf]% im]ddg%\]l]jeafYlg%[ge]%?gf[gjkg% afl]jfYragfYd]%\a%hjg_]llYragf]%af% \m]%_jY\a%h]j%dY%ja[gfn]jkagf]%\]ddY%]p% [Yk]jeY%\a%haYrrY%OYf%LYgdg%Y%k]\]% \]ddY%fmgnY%>aZdagl][Y%_]f]jYd]%[]fljYd]% \uaf^gjeYragf]%]%[mdlmjY%\a%IgfrY+%[`]% `Y%naklg%mfY%fmljalY%hYjl][ahYragf]%]% kgdmragfa%hjghgkl]%\a%hYjla[gdYj]%d]nYlmjYH]%hjgkh]llan]%\a%j]YdarrYragf]% \a%im]klY%afaraYlanY%jaeYf_gfg%h]jƒ% af[]jl]+%fgfgklYfl]%d]%hj]e]kk]%]%a% [gf[gjj]fla%hj]eaYla%h]jhd]kka+%\a%^jgfl]%Y% mf%h]j[gjkg%[`]%YhhYj]%afl]jjgllgLg[g%[gfnaf[]fla%kgfg%Yf[`]%_da%]kala% \a%\m]%aehgjlYfla%[gf[gjka%\a%a\]]+% Y%IYflgnY%h]j%dY%jaimYda#[Yragf]%\]d% dYlg%km\%\a%haYrrY%Ogj\]ddg+%#fYdarrYlY% Y%k[]dl]%^mlmj]%h]j%dY%emk]YdarrYragf]% \]ddY%@gemk%NgeYfY%]%\]a%j]h]jla% Yj[`]gdg_a[a%]%Yf[`]%Y%>]j_Yeg+%%h]j%ad% jamkg%\a%kala%af\mkljaYda%\ake]kka+%%h]j%a%imYda% kgfg%klYla%\][j]lYla%%hj]ea%@R!<@KOI+%Y% \aegkljYragf]%%\a%mfY%k[YjkY%ngdgfl}%]% \]l]jeafYragf]%\Y%hYjl]%\]a%_am\a[Yfla%]% ^gjk]%\]ddu]fl]%ZYf\algj]%kl]kkgLg[g%Yhhj]rrYZad]+%af#f]+%Yf[`]% dY%k[YjkY%]flal}%\]a%hj]ea%hj]nakla+% f]ddY%eY__agj%hYjl]%\]a%[Yka%]kYeafYla-% =QEHSUQ!3DOED

9^TWdfa#N^[eeW

=4/98A1=>4981!04!48>104-718?4! 480@>?=4-64!04>71>>4!-!.1=3-79 I=CCEK%,%KPPK>NA%1/01

Ed%[gf[gjkg%\a%a\]]%`Y%h]j%g__]llg% hjghgkl]%hjg_]llYda%kmd%jamkg%\a% kala%af\mkljaYda%\ake]kka+%af%[ma%dY% ^mfragf]%hjg\mllanY%[gfk]jna%mf%jmgdg% [YjYll]jarrYfl]-%Ed%jamladarrg%\a%im]kla%kala% jakhgf\]%Ya%hjaf[aha%\a%lml]dY%\]dd]%jakgjk]% YeZa]flYda%af%imYflg%fgf%\]l]jeafY+% f]d%kg\\ak^Yj]%dY%\geYf\Y%afk]\aYlanY+% dumjZYfarrYragf]%\a%fmgn]%Yj]]%n]j\a+%eY% jYhhj]k]flY%kghjYllmllg%mfug[[Ykagf]%\a% knadmhhg%l]jjalgjaYd]-%K[[gjj]%jah]fkYj]%ad% jmgdg%\a%im]kl]%jakgjk]%\a%]d]nYlg%nYdgj]% kljYl]_a[g+%af%imYflg%ad%eg\]ddg%\]ddY% kgklalmragf]%af\a"]j]fraYlY+%[gf%^mfragfa% [gee]j[aYda%g%j]ka\]fraYda+%klY%egkljYf\g% lmlla%a%kmga%daeala%]%fgf%kgdg%h]j%dY%[Y\mlY% \]ddY%\geYf\Y%j]dYlanY+%eY%kghjYllmllg% h]j%duaehgn]jae]flg%\]ddugj_YfarrYragf]% l]jjalgjaYd]%[`]%\]l]jeafY-%Oa%ljYllY%YddgjY% \a%ja\]#faj]%mfY%fmgnY%[]fljYdal}%h]j% im]kl]%Yj]]%YlljYn]jkg%dY%hj]nakagf]%\a% mfY%hdmjYdal}%\a%^mfragfa%Yd%#f]%\a%ja[]j[Yj]% ad%hjaf[ahag%^gf\Ylang%\]d%[gf[]llg%kl]kkg% \a%[all}%]%\a%nYdgjarrYj]%<MM@N%kh][a#[a% \]dd]%aehj]k]%]%\]d%l]jjalgjag-

.=189,! -.4?-=1!748479!81661!-6;4 BA>>N=EK%x%I=CCEK%1/01

9^WeeS`Vda#?W^[U[

>Yf\algj]9% <_]e^Yds$F_^dQ^Q$TY$OQ\\U$<Q]_^YSQ$ %;bU^_($;bUcSYQ& CamjaY9% LQ]Y$KY^dQ\Q$(hj]ka\]fl])($@Y_bWY_$9jj_^Y($ OQ\U^dY^Q$<Ye!($=QWeb$>WWUbdcc_^($ =QbY_$?eb\Q^Udd_($IQ_\_$FUcdbY^Ub($EeSQ$F_\Y^QbY($ FQccY]Y\YQ^_$L`QT_^Y($>^bYS_$OY\\Q Lj]ea9% /*,,,$Ueb_($-*,,,$Ueb_($1,,$Ueb_

?gf[gjkg%\a%a\]]+%[gf%lalgdg% v=ZalYj]%eafaeg%f]dd]%=dhaw+%h]j%dY% hjg_]llYragf]%\a%mfY%[]ddmdY%YZalYlanY% eafaeY+%YmlgfgeY+%j]n]jkaZad]+% (ZanY[[g)%\]klafYlY%Yd%ja[gn]jg% l]ehgjYf]g+%\Y%[gddg[Yj]%dmf_g mf%k]fla]jg%af%imglY%af%Yj]Y%YdhafY-% ?gf%[YjYll]jakla[`]%\a%eafaeg%af_geZjg+% k]ehda[al}%^gjeYd]+%\mjYZadal}%Yddumkg+% Yd%l]ehg%]%Y_da%Y_]fla%Ylegk^]ja[a;% ][gfgea[al}%\a%j]YdarrYragf]+% mkg%]%eYfml]fragf];%Ymlgkm$[a]frY% ]f]j_]la[Y+%k]frY%dumkg%\a%^mg[`a;% Yhhjgnna_agfYe]flg%a\ja[g% ]%keYdlae]flg%j]!ma;%a_a]fa[al}%]%eafaeg% [gf^gjl;%[gaZ]flYragf]%Y\]_mYlY% ]%hjgl]ragf]%Ylegk^]ja[Y;%^Y[ad]% af\ana\mYZadal}%]%nakaZadal};%ka[mj]rrY+% Yf[gjY__ag+%j]n]jkaZadal}-

>Yf\algj]9% <_^#^TecdbYQ($;UbWQ]_% CamjaY9% >^bYS_$F_\dU^Y%(hj]ka\]fl])+%<Qb\_$<Q``QY($ >^bYS_$LUSS_]Q^TY($9bdeb_$F_^dQ^U\\Y($Me\\Y_$ EUWWUbY($KU]_$<Q`YdQ^Y_$(k]_j]lYjag) Lj]ea9% 1*,,,$Ueb_($.*,,,$Ueb_($.*,,,$Ueb_($ .*,,,$Ueb_($1,,$Ueb_

0{%[dYkka#[Ylg 9\RUbd_$N\YccU$%IUcSQbQ&($FQbY^_$EQ$M_bbU ?gddYZgjYlgja9%IYUbQ$OUbTUSSXYQ($LQbQ$<_^c_bdU($ M_]]Qc_$LSYe\\_($?QRY_$KYjj_($OY^SU^j_$F_bUddY 1{%[dYkka#[Ylg%@R!<@KOI @Y_bWY_$=QfYTU$FQ^j_^Y$ %LQ^$@Y_fQ^^Y$;YQ^S_($;UbWQ]_&($ LdUVQ^_$IeW^Y($9^d_^Y_$@YecU``U$IU^^QSSXY_ 1{%[dYkka#[Ylg%@R!<@KOI 9\UccQ^Tb_$9\u$%NRYcdeTY_$)$FY\Q^_&($FQbYQcY\fYQ$ 9WbUcdQ($$FQTTQ\U^Q$EUQ^jQ($?\QfYQ$KYjjY^Y($ EQbQ$OQ\d_bdQ($9^d_^Y_$E_^W_($9bdeb_$EQ^jQ^Y($ LY]_^UddQ$9b]_^TY($9\UccQ^Tb_$@YQS_]U\($ <XbYcdYQ^$G_fQ[ 1{%[dYkka#[Ylg%@R!<@KOI% >]Q^eU\U$<_\_]R_$%<Ub]U^QdU($<_]_&($ IQ_\_$F_\dU^Y($@QRbYU\U$KYf_\dQ I]fragf] EeSYQ^_$F_ddQ$%;UbWQ]_&($BfQ^_$;_^UddY($ <Qb_\Y^$<XbYcdY^$LdQ`U^X_bcd($=Q^YU\$F_^TYQ\Y

0{%[dYkka#[Ylg% 9\UccQ^Tb_$?U\YSY($%K_]Q&($9\UccY_$LQ^dQ]QbYQ($ K_SS_$<Q]]Qb_dQ($=QbY_$K_ccY($>b]Q^^_$=m9]YS_$ 1{%[dYkka#[Ylg% KYSSQbT_$LQ^aeUbY^$%;Ub\Y^_$p$I_bTU^_^U& 2{%[dYkka#[Ylg% =Q^YU\U$<QdYjj_^U$%<QccQ^_$FQW^QW_($OQbUcU&($ 9\UccY_$FQY_\Y^_($FYSXU\U$GURe\_^Y($=QfYTU$ ?Q\SUddQ($LdUVQ^_$<_bbQTY I]fragfa% LY]_^U$K_W_bQ7$9^TbUQ$=Y$FQbY^_($@Qc`QbU$H\YfQ($ IQ_\_$=U$FYSXU\U7$BbU^U$;_^U^dU($FQddYQ$9bSQb_7$ LdUVQ^_$FQbSY^[YUgYSj7$M_]Qc$FUWXY$ O]_fYdYragfa LY]_^U$<_bTQbQ($FYSXQU\Q$@bUYVU^UWW7$ 9^TbUQ$IUjjY($EUQ$FQ^jY($=QfYTU$Ee`Y^Y($<XYQbQ$ PQfQddQ($?bQ^SUcSQ$9\UccQ^TbY^Y($9^TbUQ$EU_^Y($ @YQ^`Q_\_$LQ]_bu7$<Qb\_$Kecc_($K_RUbdQ$FQjj_^Y($ F_^YSQ$GQc_($EeSYQ^_$EQ"bQ^SXY^Y7$OQ\U^dY^Q$ =Q]YQ^$'$FQbdv^$EeaeU$Ex`Uj($;\Q^SQ$@QbSuQ$ @QbTU\UWeY($FY[U\$FeWYSQ$B^cQecdY7$L]QbS[$LdeTY_7$ EeSQ$@_RRUddY($H]Qb$LQ\Q($>]Q^eU\U$?bQ^SUcS_$ F_b_7$K_cQbY_$IQddY7$CecdY^$EY^d_^$<Q]`_\eSSY($ 9^TbUQ$<_bbYT_bY($FY\_$9W^_bU\\Y($FQbS_$<_bbYT_bY$

05/##l##.,-/

0/


8@9A-!;4-CC-!/97@8-61!04! /->?4364981!0Y48?16A4!#/979$ I=CCEK%x%KPPK>NA%1/01

?gf[gjkg%\a%a\]]%#fYdarrYlg% YddY%j]YdarrYragf]%\]ddY%fmgnY%haYrrY% [gemfYd]+%[gf%j]dYlana%hYj[`]__a+% mfY%ea_dagj]%jYragfYdarrYragf]% \]ddY%naYZadal}%hjgnaf[aYd]% ]%\]a%[gdd]_Ye]fla%h]\gfYda+% jaimYda#[Yragf]%\]d%hYj[g%hmZZda[g+% hgkkaZadal}%\a%j]YdarrYragf]% \a%mfuYj]Y%[gee]j[aYd]+%j]ka\]fraYd]+% [gf%knadmhhg%km%\m]%haYfa-

LfgV[a#9/#9dUZ[fWff[#9eeaU[Sf[ >Yf\algj]9% <_]e^U$TY$<QcdYW\Y_^U$TmB^dU\fY$%<_]_&$ CamjaY9% IQ_\_$FecSY_^YS_%(hj]ka\]fl])($ FYb[_$@eW\YU\]Q^Q($FQeb_$<_jjY Lj]ea9% /*,,,$Ueb_($-*1,,$Ueb_($1,,$Ueb_

0{%[dYkka#[Ylg% LdeTY_$9/$9bSXYdUddY$9cc_SYQdY$%L_^TbY_&6$ LY\fQ^_$F_\Y^QbY($@YQ]`Q_\_$KY^Q\TY($@YecU``U$LWbw$ 1{%[dYkka#[Ylg% LUbWY_$?e]QWQ\\Y$%GYRY_^^_($EUSS_&$ 2{%[dYkka#[Ylg% <Qb]U\Q$;Qb_^U$%;U^UfU^d_&

=4<@-6424/-C4981! ;4-CC-!>-8?-!7-=4-!8->/18?1! -!21813=\!#/979$ I=NVK%x%=CKOPK%1/01

?gf[gjkg%\a%a\]]%[gf%dugZZa]llang%\a% ^Yngjaj]%d]%[YjYll]jakla[`]%\a%dmg_g%\a% af[gfljg+%\a%nYdgjarrYj]%dua\]flal}%\a% khYrag%hmZZda[g+%d]%imYdal}%mjZYf]% ]%d]%nYd]fr]%klgja[`]%hj]k]fla%f]d% hY]k];%hj]n]\]f\g%ad%ja^Y[ae]flg%\]ddY% hYnae]flYragf]%]%dY%hj]\akhgkaragf]%\a% fmgna%]d]e]fla%\a%Yjj]\g;%dY%j]nakagf]% \]dduaehaYflg%\a%addmeafYragf]%hmZZda[Y%]% dY%jagj_YfarrYragf]%\]_da%khYra%\]klafYla% YddY%kgklY-

>Yf\algj]9% <_]e^U$TY$?U^UWbw$%<_]_& CamjaY9% =Qb[_$IQ^TQ[_fYS$(hj]ka\]fl])($FQbY_$EQfQdU\\Y($ @YQS_]_$<QcdYW\Y_^Y($KU^Qd_$<_^dY Lj]ea9% /*,,,$Ueb_($.*,,,$Ueb_($-*,,,$Ueb_

0{%[dYkka#[Ylg% <UcQbU$OU^debQ$+$OQII$QbSXYdUddebQ$%FY\Q^_& [gddYZgjYlgj]9%FQddU_$P_bjY$ 1{%[dYkka#[Ylg% 9\VbUT_$<QbR_ddY$%F_TU^Q& 2{%[dYkka#[Ylg% <UcQbU$@YW\Y_\Y$%<QcdU\^e_f_$TY$L_dd_($KUWWY_$ >]Y\YQ&($OQ\U^dY^Q$<Qc_ddY($?Y\Y``_$@YW\Y_\Y

@X$\^[TR``[$bVZPV`[^R$\^RbRQR$XfVZ_R^VYRZ`['$ N^Y[ZVeeN`[$P[Z$XfRQV"PV[$R_V_`RZ`R'$\N^`R$VZ`RT^NZ`R$ QRX$`R__a`[$_`[^VP[$QV$C[ZeN'$QV$aZ$Za[b[$b[XaYR$ \[_`[$ZRX$P[^`VXR'$_bVXa\\N`[$_a$QVbR^_V$XVbRXXV'$ PUR$NTTR``N$_aXXN$\VNeeN$\aOOXVPN$

<WeSdW#OW`fgdS#+#OSII#SdUZ[fWffgdS

-7;64-718?9!016!?1-?=9! 04!21==1=-!1=.938981! #;-A4-$ CAJJ=EK%x%I=CCEK%1/01

?gf[gjkg%\a%a\]]%h]j%dY%jaimYda#[Yragf]% ]%YehdaYe]flg%\]d%l]Yljg,kYdY% hgda^mfragfYd]%\a%hjghja]l}% [gemfYd]+%af%[gjkg%\]ddY%N]hmZZda[Y% \Y%Y\aZaj]%Y%kh]llY[gda%l]YljYda% ]%Y%k]jYl]%\YfrYfla-

00

05/##l##.,-/

>Yf\algj]9% <_]e^U$TY$?UbbUbQ$>bR_W^_^U$%IQfYQ& CamjaY9% @Y_fQ^^Y$?QcSY^Q$(hj]ka\]fl])($K_RUbd_$LSQ\QRbY^($ IQ_\_$LQ\Q($FQbY_$@eYTY($9\RUbd_$MQRQb_ Lj]ea9%% .*,,,$Ueb_

0{%[dYkka#[Ylg9 =Q^Y\_$<bU]_^UcY$%LQ^d_$LdUVQ^_$E_TYWYQ^_($E_TY&($ <UcQbU$FQcY^Q O]_fYdYragfa9 9^^Q$F_b_7$@Y_bWY_$LY\fUcdbY

=S`[^a#<dW_a`We[


=4<@-6424/-C4981! 016!6-?9!>@0! 04!;4-CC-!>9=01669! -!7-8?9ACEQCJK%x%@E?AI>NA%1/01

?gf[gjkg%\a%a\]]%h]j%dY%jaimYda#[Yragf]% \]d%dYlg%km\%\a%haYrrY%Ogj\]ddg+%#fYdarrYlY% Y%k[]dl]%^mlmj]%h]j%dY%emk]YdarrYragf]% \]ddY%@gemk%NgeYfY%]%\]a%j]h]jla% Yj[`]gdg_a[a-%HugZa]llang%•%]daeafYj]% dY%kljmllmjY%hjgnnakgjaY%YllmYde]fl]% [gddg[YlY%h]j%hjgl]ragf]>Yf\algj]9% <_]e^U$TY$FQ^d_fQ$ CamjaY9% FQbY_$E_\\Y$@XUddY($MQdYQ^Q$DYb_fQ($ ?UTUbYS_$;eSSY($<Qb]Y^U$FQcdb_]QbY^_($ Bb]Q$IQW\YQbY Lj]ea9% -*1,,$Ueb_($-*1,,$Ueb_($-*1,,$Ueb_

9Va^Xa#Ia^fda`[Wd[

0{%[dYkka#[Ylg!@R!<@KOI, PQ]R_^Y$Qcc*$QbSXYdUddebQ6$ 9^TbUQ$PQ]R_^Y($FQebYjY_$PQ]R_^Y$%KUWWY_$ >]Y\YQ& [gfkmd]fla9% MUS^_cdeTY_$Y]`YQ^dY$ %=_bYQ^_$M_bbUWWYQ^Y($>^bYS_$IbUfYTY&7$ KYSSQbT_$?_^dQ^Q7$ EQ]RTQ$c`Q$%>\YcQ$KQ"QU\\Y& [gddYZgjYlgja9% 9\UccQ^Tb_$F_\UcY^Y($BbU^U$M_bbUWWYQ^Y$

0{%[dYkka#[Ylg%@R!<@KOI,! 9T_\V_$I_\db_^YUbY$%FQ^d_fQ&($FQbS_$I_\db_^YUbY($ FQebYjY_$;be^Y($?bQ^SUcSQ$LQf_\TY^Y($ 9\UccQ^TbQ$OQbY^Y($9b]Q^T_$=Q\QY [gfkmd]fla9% LdeTY_$;Q\TQccQbY($N]RUbd_$;Ycc_\Y

kYh]j]%meYfg%\]ZZYfg%Yn]j]%jY\a[a% kYd\Ye]fl]%jY\a[Yl]%f]d%hjghjag% YeZa]fl]-%Ed%l]eY%\]dduYdZ]jg%ka%jaljgnY% af%\an]jka%]d]e]fla%[`]%[YjYll]jarrYfg% du]\a#[ag9%f]d%hjg_]llg%kljmllmjYd]+% f]ddY%fYlmjY%[`]%ka%afkafmY%Ydduafl]jfg% \]_da%khYra+%f]d%eglang%_jY#[g% \a%^Y[[aYlYBYffg%hYjl]%\]ddu]\a#[ag+%gdlj]% YddY%ZaZdagl][Y+%duYm\algjame+% dY%[Y"]ll]jaY%]%dY%kYdY%]khgkalanY%[`]% ka%Y"Y[[aYfg%kmd%_aYj\afg%afl]jfg-%

0{%[dYkka#[Ylg 9bUQ`b_WUddY$cb\$)$=_]U^YS_$KQSSQ$%M_bY^_&($ ;YccUd$9TQ]c($@_\TUb$9cc_SYQdUc($>\fYbQ$IUbbY$ ?gddYZgjYlgja9% IQe\_$KYRUYb_($EQebQ$<USSQbU\\Y($OQ\U^dY^Q$>c`_cYd_($ 9^TbUQ$O_cY\\Q($KQSXQU\$LY]S_h($<Q]Y\\Q$PeSSXUbY($ LQbQX$@_T_gc[Y($KQ"QU\\Q$FQW^Q^_($EQebQ$ <USSQbU\\Y($LUbWY_$=_W\YQ^Y($FQebYjY_$OYfQbU\\Y

>Yf\algj]9% <_]e^U$TY$F_^jQ$$ CamjaY9% ;be^_$@Y_bTQ^_$EQddeQTQ%(hj]ka\]fl])+% Ke_\$FQdY\TU($OY^SU^j_$=U$LU^Q($9\UccQ^Tb_$PYjjY($ LY]_^U$FQbS_bQ($EeSYQ^_$GYUb_$ Lj]ea9% .1*,,,$Ueb_($-.*,,,$Ueb_($3*,,,$Ueb_

I]fragfa MU[^U$L`Q$%FY\Q^_&($?bQ^SUcS_$KecS_^Y$<\UbYSY($ =UW\Y$>c`_cdY$9bSXYdUddY($E_bU^j_$=UW\Y$>c`_cdY($ IQ_\_$EQjjQ($LdUVQ^_$9^d_^U\\Y($LdeTY_$9\RY^Y$ 9cc_SYQdY($FQbS_$9\RY^Y($?bQ^SUcS_$9\RY^Y($ @YecU``U$<beSYQ^Y$?QR_jjY($FQbS$9eRbi7$ 9\dUbcdeTY_$IQbd^Ubc$)$FQbS_$FecS_WYebY$%FY\Q^_&($ TQ`cdeTY_$)$>\U^Q$LQSS_($IQ_\_$=Q^U\\Y($9bYQddQ$ B^WUW^UbYQ$=UY$LYcdU]Y$cb\($?bQ^SUcS_$ _bY_7$ OY^SU^j_$<_bfY^_$'$@Y_fQ^^Y$Fe\dQbY$ %GQ`_\Y)FY\Q^_&($=UUb^c$ dQ\YQ$c`Q($FQddYQ$ IQb]YWWYQ^Y$9bSX*($@QRbYU\U$LQ\fQd_^Y($ ?UTUbYS_$LY]_^U$KeRUbd_

0{%[dYkka#[Ylg!@R!<@KOI,! 9\UccQ^Tb_$FQbbt$;be^U^WXY($@_QWb_e`$%@U^_fQ&($ @QRbYU\U$IYcQ^Y($GYS_\Q$IYcQ^Y($GYS_\Q$OQ\U^dY^_$ <Q^UccQ($IQ_\_$9^TbUQ$KQ"Udd_

9dWSbdaYWff[#ed^

8@9A-!.4.649?1/-!04!798CHQCHEK%1/00%,%CEQCJK%1/01

?gf[gjkg%afl]jfYragfYd]% \a%hjg_]llYragf]%af%\m]%_jY\a%h]j% dY%ja[gfn]jkagf]%\]_da%khYra%\]ddu]p% [Yk]jeY%\a%haYrrY%OYf%LYgdg%h]j%k]\]% \]ddY%fmgnY%>aZdagl][Y%_]f]jYd]%[]fljYd]% \uaf^gjeYragf]%]%[mdlmjY%\a%IgfrY-% Ed%[gklg%\a%j]YdarrYragf]%\]d%hjaeg%dgllg% ]jY%klaeYlg%af%4-3//-///%]mjg;% YddY%k][gf\Y%^Yk]%kgfg%klYla%Yee]kka% 0/%[gf[gjj]flaEd%hjg_]llg%naf[algj]%hj]n]\]% duafk]jae]flg+%YjegfarrYlg%[gf%du]\a#[ag% klgja[g%]kakl]fl]+%hYjl]%afl]_jYfl]% \]d%l]kkmlg%klgja[g%\a%IgfrY+%\a%mfY% fmgnY%Yj[`al]llmjY+%mf%ngdme]%hgklg% f]d%[gjlad]%]%knadmhhYlg%km%\an]jka%dan]dda+% [`]%Y__]llY%kmddY%haYrrY%hmZZda[Y+%[gf% affgnYlan]%^Y[[aYl]%\a%n]ljg%]%_ja_daYla% \a%e]lYddg-%Ed%eg\]ddg%\a%ja^]jae]flg% •%im]ddg%\]a%dgf\af]ka%E\]Y%Olgj]k;% duaeeY_af]%_ma\Y%im]ddY%\]dduYdZ]jg%\]ddY% [gfgk[]frY+%[`]%]khjae]% dua\]Y%[`]%d]%\an]jk]%^gje]%\]d%

1{%[dYkka#[Ylg% >]Y\Y_$<QbQfQddY$%F_^jQ&($LdUVQ^_$=U\\Q$M_bbU($ <Qb\_$<bY``Q($K_RUbd_$FQcSQjjY^Y($FQccY]Y\YQ^_$ L`QT_^Y($K_RUbd_$<_cU^jQ($FQddU_$<QbQfQddY($ ?Y\Y``_$OQ\Q`UbdQ($E_bU^j_$<_]Y($FQebYjY_$<Q]Y^YdY 2{%[dYkka#[Ylg% LQ\fQd_bU$KU$)$EU_^QbT_$Lb\$%IYcQ&($ 9Y$>^WY^UUbY^W$Lb\($9Y$LdeTY_

05/##l##.,-/

01


IKH?>LLBHG>

>18C-!;1=4/969"! /QTUSVXLQPL!H!TLFVSHXXD Pja]ffYd]%\a%IadYfg naYd]%=d]eY_fY%5 2%eY__ag%x%0%k]ll]eZj]%1/02

9^[ea`#$#IWfWd#L_[fZea`(# LUga^S#[`#Uaefdgk[a`W(#Ag`efS`fa`(# KWY`a#N`[fa(#-510*

NGm>LIHLBRBHG>#<A>#BEENLMK9#BE#FHG=H# =>EE>#<HLMKNRBHGB#>#B#IKH;E>FB#=>EE9#LB<NK>RR9

F=A8"C8E=6H?B

BR$^RXNeV[ZV$`^N$VX$Y[ZQ[$QRXXR$P[_`^aeV[ZV$R$V$`RYV$QRXXN$_VPa^ReeN$N$ \N^`V^R$QNXXf[^VTVZNXR$_VTZV"PN`[$QV$g_VZR$\R^VPaX[h'$[bbR^[$XfN__VPa^NeV[ZR$ PUR$VX$\^[TR``V_`N$R$VX$P[YYV``RZ`R$QRXXf[\R^N$RQVXVeVN$_V$N__aY[Z[$bR^_[$ VX$^V_PUV[$QV$VZPVQRZ`V$\R^$PUV$XNb[^N$NXXN$_aN$^RNXVeeNeV[ZR'$\R^$V$Sa`a^V$ NOV`NZ`V$R$\R^$XfNYOVRZ`R$PV^P[_`NZ`R Ed%hjgZd]eY%\]ddY%ka[mj]rrY%f]d%[Yehg% \]dd]%[gkljmragfa%•%mf%l]eY%Yehag% [`]%ja_mYj\Y%mfY%fme]jgkY%k]ja]%\a% #_mj]%hjg^]kkagfYda%]%\a%mladarrYlgja+%\Ya% hjg_]llakla%Ya%dYngjYlgja%]\ada+%h]j%YjjanYj]% Ya%^jmalgja%mdlaea%\a%]\a#[a+%\a%kljmllmj]% ]%\a%gh]j]%[gkljmal]%\Yddumgeg-%Mmaf\a+% ja_mYj\Y%lmlla%fga%af%imYflg%mladarrYlgja% \a%lYda%afngdm[ja-%Jgf%ka%hm %daealYj]% duYll]fragf]%h]j%dY%hj]n]fragf]%\]_da% af[a\]fla%Yd%kgdg%dYngjg%kngdlg%f]a%[Yfla]ja+% Yf[`]%k]%ljghhg%kh]kkg%d]%[jgfY[`]%\]a% _agjfYda%jahgjlYfg%ljakl]e]fl]%fglara]% j]dYlan]%Y_da%af[a\]fla%g[[gjka%hjghjag%af% im]kla%dmg_`a-%IY%dY%[gfka\]jYragf]%\]ddY% ka[mj]rrY%af%[Yehg%Yj[`al]llgfa[g%]\% ]\adarag%•%mf%l]eY%[`]%nY%]kl]kg%Ydduafl]jY% [gf[]ragf]%\]ddugh]jY%hjg_]llYlY+%f]a% kmga%jakngdla%[gf[]jf]fla%ad%Z]f]kk]j]% meYfg+%dY%lml]dY%\]a%dYngjYlgja%]% Yf[`]%\]d%[gfl]klg%YeZa]flYd]%af%[ma% ka%kalm]j}-%Ef%im]klg%k]fkg%dY%egkljY% 9@HS<!J@LD>IFI"%.IMNLOSDIHD!@!MD>OL@SS<+% [mjYlY%\Y%B]\]ja[g%>m[[a%hj]kkg%dY% Pja]ffYd]%\a%IadYfg+%nmgd]%addmkljYj]%d]% af#fal]%k^Y[[]llYlmj]%\]ddY%im]klagf]%

02

05/##l##.,-/

]+%fgf%Y%[Ykg+%f]dduafljg\mragf]%hgjlY% mf%ja[`aYeg%YdduYfla[g9%mfY%Z]ddY%^jYk]% \a%H]gf%>YllaklY%=dZ]jla%kgllgdaf]Y%dY% [gfkYh]ngd]rrY%\]d%jmgdg%\]da[Ylg% \]dduYj[`al]llg%[ge]%Yjl]#[]%\]d% hjg_]llg%]+%imaf\a+%\]ddY%ka[mj]rrY% ^mlmjY+%\]ddY%kYdml]%]%\]ddY%k]j]fal}%\]_da% mladarrYlgja%\]a%eYfm^Ylla%]\adara-% Hu]khgkaragf]+%Ydd]klalY%\Y%=d]kkYf\jg% ]%BjYf[]k[g%I]f\afa+%•%gj_YfarrYlY% af%fgn]%k]ragfa%[`]%\g[me]flYfg+%af% mfY%hYfgjYea[Y%[gehd]kkanY+%im]klg% [gf[]llg%\a%ka[mj]rrY%\Y%YlljaZmajka% _dgZYde]fl]%Yddugh]jY%\a%ljYk^gjeYragf]% \]ddumgeg-%LjagjalYjaYe]fl]%ka%Y"jgflY%ad% l]eY%^gf\Ye]flYd]%\]ddY%klYZadal}%]%\]ddY% ka[mj]rrY%][gfgea[Y%[ge]%[]jl]rrY% af%_jY\g%\a%^gjfaj]%\]_da%afk]\aYe]fla% mjZYfa%Y\]_mYla%Ydd]%]ka_]fr]%kg[aYda+%]% af%im]klg%na]f]%ja[`aYeYlg%ad%\aZYllalg% alYdaYfg%]%afl]jfYragfYd]%kmd%l]eY%\]ddY% [YkY9%\Ydd]%?gehYfq%Pgof%\]d%J]o% @]Yd%YddY%kh]jae]flYragf]%gdan]llaYfY+% \YddY%CjYf\]%Na[gkljmragf]%[gf%a% hjg_jYeea%EfY,?YkY%af%ElYdaY+%#fg%Ydd]% j][]fla%]kh]ja]fr]%afl]jfYragfYda%kmd%

MI>D<F!CIOMDHB%gdYf\]k]-%HY%k][gf\Y% k]ragf]%•%\]\a[YlY%Yd%l]eY%\]d%[gfljgddg% \]d%l]jjalgjag+%[gf%d]%_jYf\a%[YlYkljg#% fYlmjYda+%\Yd%l]jj]eglg%\a%HakZgfY% (0644)+%Y%im]ddg%\a%OYf%BjYf[ak[g%(08/5)+% \a%I]kkafY%(08/7)+%\a%GgZ]%(0884)% Ydduaf[]f\ag%\a%?`a[Y_g%(0760)-%Ra]f]% hj]k]flYlY%dY%[YhY[al}%\]ddumgeg%\a%^Yj% ^jgfl]%Y%im]kla%Yhg[Ydalla[a%]n]fla%[gf% mfY%ja[gkljmragf]%[`]%`Y%\aegkljYlg%mf% ]$[Y[]%eg\g%\a%hj]n]faj]%]%[gfljgddYj]% ad%jak[`ag%YlljYn]jkg%l][fgdg_a]%]%kgdmragfa% [gkljmllan]%affgnYlan]-%?aj[Y%dY%l]eYla[Y% \]d%[gfljgddg%km_da%]n]fla%fYlmjYda+%af% kh][aYd]%eg\g%im]dda%l]ddmja[a+%na]f]% hjghgklY%dY%hjg_]llYragf]%\a%mfY%fmgnY% [all}%ka[mjY+%kh][a#[Ye]fl]%jangdlY%Yd% [Ykg%\]d%l]jj]eglg%\]dduAeadaY%f]d%1/01+% [ge]%[gfljaZmlg%[gf[j]lg%Yd%l]eY%\]ddY% ja[gkljmragf]-% =dlj]%k]ragfa%\]ddY%egkljY%ka%g[[mhYfg% \]dd]%kljmllmj]%\]d%kgllgkmgdg+%fYk[gkl]% Ya%fgklja%g[[`a+%ad%[ma%^mfragfYe]flg% \]l]jeafY%dg%kngd_ae]flg%\a%Yllanal}%ka[mj]% Ydduafl]jfg%\]ddY%[all}%]%\]a%kmga%]\a#[a-% H]%k]ragfa%9J<SD!?@F!F<PILI!]!5@H!<H?! ;IG@H!<N!;ILE%lg[[Yfg%ad%hmflg% f]njYd_a[g%\]d%hjgZd]eY%YlljYn]jkg%mfY% \g[me]flYragf]%kmddY%ka[mj]rrY%f]_da% YeZa]fla%\a%dYngjg+%\Yd%[Yfla]j]%]\adarag+% YddY%^YZZja[Y+%Yddum$[ag+%[`]%egkljY%[ge]% ka%kaY%]ngdmlg%klgja[Ye]fl]+%\Yd%t8//%af% hga+%ad%jYhhgjlg%ljY%mgeg+%khYrag%\a%dYngjg% ]%eY[[`afY-%Hu]khgkaragf]%fgf%ljYdYk[aY% \a%[gfka\]jYj]%Yf[`]%d]%[gkljmragfa% kh][aYda%h]j%dY%kgjn]_daYfrY%]%ad%[gfljgddg% kg[aYd]%[gklalmal]%\Y_da%YhhYjYla%[Yj[]jYja+% \YddY%kgdmragf]%hYjY\a_eYla[Y%\]d% k]ll][]fl]k[g%v\akhgkalang%hYfglla[gw%\a% Bgm[Ymdl%Y_da%YllmYda%YhhYjYla%v]d]lljgfa[aw?gehd]lYfg%duYdd]klae]flg%Yd[mfa!NL<DF@L% \a%#de%^Yegka+%l]d]%\a%_jYf\a%eY]klja% \]d%t8//%kmd%l]eY%\]ddY%[all}%]%mf% L@JILN<B@%^glg_jY#[g%\a%IYj[g%Efljgafa% [`]%afl]jhj]lY%[gf%hYfgjYea%\a%_jYf\]% km__]klagf]%ad%l]eY%\]dd]%[gf\aragfa% \a%ka[mj]rrY%f]a%dmg_`a%\a%dYngjg+%f]a% hY]kY__a%mjZYfa%]%f]d%l]jjalgjag-% 7DPVHND!9JNLDNQSQ


GNHOB#=N;;B#=B#BG<HLMBMNRBHG9EBMs#IHMK>;;>KH#BGO>LMBK>#E9#E>@@>#K>@BHG9E>#G*#-.+.,, 1

=A"?B@54E7=4"6<="CHi"6BFGEH=E8"A8??8"JBA8"4;E=6B?83 BN$QV_PV\XVZN$^RTV[ZNXR$^RXN`VbN$NXXfRQV"PNeV[ZR$ZRXXR$e[ZR$NT^VP[XR$ S[^_R$Z[Z$l$P[Y\N`VOVXR$P[Z$XfN^`VP[X[$++1$QRXXN$9[_`V`aeV[ZR

HY%j][]fl]%k]fl]frY%\]ddY%?gjl]% ?gklalmragfYd]%f-%27%\]d%04%eYjrg%1/02+% h]j%imYflg%ja^]jalY%Y\%Yd[mf]%fgje]% d]_akdYlan]%\]ddY%Ljgnaf[aY%\a%>gdrYfg% ja_mYj\Yfla%duYllanal}%[gee]j[aYd]+% af\m[]%Y\%Yd[mf]%ja!]kkagfa%af%e]jalg%YddY% \ak[ahdafY%\]dd]%rgf]%Y_ja[gd]%\]llYlY% \YddY%N]_agf]%HgeZYj\aYHuYjla[gdg%5/%\]ddY%H]__]%j]_agfYd]%00% eYjrg%1//4%f-%01%klYZadak[]%[`]%a%lalgda% YZadalYlana%]\adara%h]j%]\a#[Yj]%f]dd]% rgf]%Y_ja[gd]%hgkkgfg%]kk]j]%jadYk[aYla% kgdYe]fl]%Y%\]l]jeafYla%kg__]lla+% nYd]%Y%\aj]%Y_da%aehj]f\algja%Y_ja[gda% hjg^]kkagfYda+%Ya%lalgdYja%g%Ya%d]_Yda% jYhhj]k]flYfla%\]dd]%aehj]k]%Y_ja[gd]+% Ya%lalgdYja%g%Ya%d]_Yda%jYhhj]k]flYfla% \]dd]%aehj]k]%Y_jge][[Yfa[`]+%]% daealYlYe]fl]%Ya%l]jjalgja%\a%Yd[mfa% [gemfa%Y\%Ydlja%aehj]f\algja%Y_ja[gda-% Kn]%im]klY%fgjeYlanY%n]f_Y%Yhhda[YlY% ja_gjgkYe]fl]+%\mfim]+%[`a%afl]f\]% afaraYj]%mfuYllanal}%Y_ja[gdY%(]%imaf\a%fgf% •%Yf[gjY%aehj]f\algj]%Y_ja[gdg%g%lalgdYj]% \a%mfuYra]f\Y)%af%HgeZYj\aY%fgf%hm % gll]f]j]%ad%lalgdg%YZadalYlang%]\adarag%h]j% j]YdarrYj]%Yllj]rrYlmj]%Y_ja[gd]%f]dd]% rgf]%\]klafYl]%YdduY_ja[gdlmjY?a%ka%\geYf\Y%k]%mfY%kaead]%\ak[ahdafY+% \]llYlY%\Y%mfY%d]__]%j]_agfYd]+%kaY% [gklalmragfYde]fl]%d]_allaeYO]%ka%]kYeafYfg%dY%[alYlY%k]fl]frY%f-% 27.1/02%]%d]%Ydlj]%hjgfmf[]%\]ddY%?gjl]% ?gklalmragfYd]%af%]kkY%ja[`aYeYl]+%kgj_]% af]nalYZade]fl]%ha %\a%mfY%h]jhd]kkal}Ed%jY_agfYe]flg%\]ddY%?gjl]%`Y%hj]kg%d]% egkk]%\Y%mfY%[gfklYlYragf]9%Ya%k]fka% \]dduYjla[gdg%006+%k][gf\g%[geeY+%d]ll]jY% v]w%\]ddY%?gklalmragf]+%dY%eYl]jaY%vlml]dY% \]ddY%[gf[gjj]frYw%ja]fljY%f]ddY%k^]jY% \a%[geh]l]frY%]k[dmkanY%\]ddg%OlYlg%]+% [ge]%_a}%Y"]jeYlg%f]ddY%hj][]\]fl]% k]fl]frY%f-%188%\]d%1/01+%vfgf%•%mfY% eYl]jaY%\a%]kl]fkagf]%[]jlY%g%\]daealYlY+% eY%•%[gf#_mjYZad]%[ge]%ljYkn]jkYd]+% [gjjakhgf\]fl]%Ya%e]j[Yla%\a%ja^]jae]flg% \]dd]%Yllanal}%][gfgea[`]%af[ak]% \Ydduafl]jn]flg%]%af%_jY\g%\a%af!maj]%Yf[`]% km%eYl]ja]%YlljaZmal]%YddY%[geh]l]frY%

d]_akdYlanY+%[gf[gjj]fl]%g%j]ka\mYd]+%\]dd]% j]_agfawBYllg%[a +%dY%?gjl]%`Y%jaZY\alg%[`]%dY% fgragf]%\a%[gf[gjj]frY%vja!]ll]%im]ddY% gh]jYfl]%af%YeZalg%[gemfalYjag%]% [gehj]f\]%(s)%d]%eakmj]%d]_akdYlan]%\a% hjgegragf]+%[`]%eajYfg%Y\%Yhjaj]%mf% e]j[Ylg%g%Y%[gfkgda\Yjf]%duYh]jlmjY+% ]daeafYf\g%ZYjja]j]%Yddu]fljYlY+%ja\m[]f\g% g%]daeafYf\g%naf[gda%Yd%daZ]jg%]khda[Yjka% \]ddY%[YhY[al}%aehj]f\algjaYd]%]%\]ddY% [geh]laragf]%ljY%aehj]k]+%jaemgn]f\g% [ag•+%af%_]f]jYd]+%a%naf[gda%Ydd]%eg\Ydal}%\a% ]k]j[arag%\]dd]%Yllanal}%][gfgea[`]wHuYjla[gdg%5/%\]ddY%H]__]%j]_agfYd]% f-%01.1//4%k]eZjY%afn][]%hgjj]%mf% naf[gdg%Yd%daZ]jg%]khda[Yjka%\]ddY%[YhY[al}% aehj]f\algjaYd]%\a%im]a%kg__]lla%[`]% afl]f\Yfg%afljYhj]f\]j]%mfuYllanal}%

[gfl]fml]%f]dduYjla[gdg%5/%af%]kYe]+% Y"]jeYf\g%[`]%af%^gjrY%\]ddY%fgjeYlanY% klYlYd]%na_]fl]%af%eYl]jaY%vdumfa[g% j]imakalg%jad]nYfl]%h]j%ad%jadYk[ag%\]d% h]je]kkg%\a%[gkljmaj]%•%(s)%gdlj]%[`]% dY%lalgdYjal}%\]d%\ajallg%\a%hjghja]l}%kmd% ^gf\g+%dY%[gehYlaZadal}%mjZYfakla[g% ]\adaraY%\]dduafl]jn]flgw+%]%imaf\a% v[gfljYklY%[gf%a%hjaf[•ha%af%eYl]jaY% mjZYfakla[Y%mf%Yllg%W\a%\afa]_g%\a%lalgdg% YZadalYlang%]\adaragX%[`]%(s)%ka%^gf\a%kmdd]% imYdal}%h]jkgfYda%\]d%ja[`a]\]fl]+%af% imYflg%dY%imYdal}%af\]ZalYe]fl]%ja[`a]klY% Ykkme]%nYdgj]%Ya%kgda%#fa%\]dduYhhda[Yragf]% \]a%Z]f]#[a%][gfgea[a%hj]nakla%af%^Yngj]% \]a%[gdlanYlgja%\aj]lla%\YdduYjla[gdg%8%d]ll]jY% Y)%\]ddY%H]__]%17%_]ffYag%0866%f-%0/-% J]%[gfk]_m]%[`]%du]d]e]flg%kg__]llang% j]dYlang%YddY%imYda#[Y%(Y_ja[gdlgj]%g%

Y_ja[gdY%f]d%l]jjalgjag%dgeZYj\g+%]% [`]%Y%lYd%#f]%ka%ljgnafg%f]ddY%f][]kkal}% \a%j]YdarrYj]%d]%j]dYlan]%Yllj]rrYlmj]% f]dduYeZalg%\a%rgf]%[dYkka#[Yl]%[ge]% Y_ja[gd]%\Y_da%kljme]fla%mjZYfakla[a% _]f]jYdaEd%\mZZag%[`]%lYd]%fgjeY%afnY\Y%dY%k^]jY% \a%[geh]l]frY%\]ddg%OlYlg%hYj]%\mfim]% ha %[`]%_amkla#[Ylg+%lYflg%ha %[`]%Ya% k]fka%\]dduYjla[gdg%01/%\]d%PjYllYlg%kmd% ^mfragfYe]flg%\]dduQfagf]%]mjgh]Y%v_da% klYla%e]eZja%(s)%Y_ak[gfg%f]d%jakh]llg% \]a%hjaf[•ha%\a%mfu][gfgeaY%\a%e]j[Ylg% Yh]jlY%]%af%daZ]jY%[gf[gjj]frYwOgllg%Ydljg%hjg#dg+%Yf[`]%\a%j][]fl]% dY%eY_akljYlmjY%YeeafakljYlanY%`Y% ja[gfgk[amlg%duadd]_allaeal}%\a%fgje]%\a% haYfg%j]_gdYlgj]%YfYdg_`]%Y%im]dd]%

aehj]f\algj]%Y_ja[gdg+%g%hjghja]lYjag% [gf[]\]fl]%ad%^gf\g%af%Y$llg)%\]d% ja[`a]\]fl]%ad%h]je]kkg%\a%[gkljmaj]%af% rgfY%Y_ja[gdY%•%\]d%lmllg%ajjad]nYfl]+% k]%ad%kg__]llg%fgf%afl]f\]%YnnYd]jka% \]ddu]kgf]jg%\]d%hY_Ye]flg%\]_da%gf]ja% h]j%[gkljmaj]w%(P-=-N-%Oa[adaY+%?YlYfaY+% O]ragf]%E+%03%eYjrg%10/0%f-%660)LYj]%imaf\a%_amkla#[Ylg%Yf[`]%ad%\mZZag% [`]%duYjla[gdg%5/%\]ddY%d]__]%j]_agfYd]% [gfljYkla%[gf%im]kla%hjaf[•ha+%]%h]jlYflg% nagda%duYjla[gdg%006%\]ddY%?gklalmragf]% Ya%k]fka%\]d%imYd]+%f]dd]%eYl]ja]%\a% d]_akdYragf]%[gf[gjj]fl]%[ge]%ad%_gn]jfg% \]d%l]jjalgjag+%dY%hgl]kl}%d]_akdYlanY% j]_agfYd]%\]n]%]kk]j]%]k]j[alYlY%f]d% jakh]llg%\]a%hjaf[•ha%^gf\Ye]flYda%#kkYla% \YddY%d]__]%klYlYd]-%BDNUHS!2VODJDNNL

05/##l##.,-/

03


IKH?>LLBHG>

B^^gefdSk[a`W#fdSffS# VS^#ha^g_W# +2A6!;G2A489C6CC>! =>=>BC2=C6!CDCC>*

NG9#;K>O>#@NB=9#I>K#<9IBK>#<HF>#HK@9GBRR9K>#BE#F >LMB>K>#=m9K<ABM>MMH#H@@B

=FGEHJ=BA="C8E"?c4II=B"78??4"CEB98FF=BA8

@X$b[XaYR$N!^[Z`N$V$\^VZPV\NXV$N_\R``V$[^TNZVeeN`VbV$R$"_PNXV$QRXXN$XVOR^N$\^[SR__V[ZR4$ P[YR$TR_`V^R$V$^N\\[^`V$P[Z$V$PXVRZ`V$R$P[Z$V$P[XXRTUV'$P[YR$$`^[bN^R$V$XNb[^V$RQ$R__R^R$\NTN`V'$ P[Z[_PRZQ[$XN$IN^V!N$\^[SR__V[ZNXR$R$VX$;V_PV\XVZN^R$QfVZPN^VP[

0<L@!FT<L>CDN@NNI!HIHIMN<HN@!NONNI%•%ad% lalgdg%\]d%hjaeg%ngdme]%\]ddY%[gddYfY% vOljme]flaw+%]\alg%\Y%Ogd^]jafg%A\aragfa+% [YkY%]\alja[]%\]ddY%Bgf\Yragf]%\]dduKj\af]% \]_da%=j[`al]lla%\a%IadYfgEd%daZjg+%[mjYlg%\Y%LYgdg%IYrrgd]fa+% jY[[g_da]%a%[gfl]fmla%\]dd]%mf\a[a% d]ragfa%\]d%[gjkg%\a%YnnaYe]flg%YddY% hjg^]kkagf]%\]\a[Ylg%Ya%f]g,ak[jalla+%Ya% _agnYfa%Yj[`al]lla%]%Y_da%klm\]fla+%[`]%dY% Bgf\Yragf]%`Y%gj_YfarrYlg%f]a%e]ka%\a% eYjrg+%Yhjad]%]%eY__ag%1/00QfuYllanal}+%im]ddY%\]dduYj[`al]llg+%[`]% hgf]%Yd%[]fljg%dua\]Yragf]%\]d%hjg_]llg% k][gf\g%duvYmlgfgeaY%\a%_am\aragw+%eY% [`]%nY%Z]f%gdlj]%ad%\ak]_fg+%\gn]f\g% j]dYragfYjka%[gf%ad%[geeall]fl]+% duaehj]kY%]%dY%LmZZda[Y%=eeafakljYragf]-% =dlj]llYflg%aehgjlYfla%jakmdlYfg%]kk]j]%dY% [gfgk[]frY%]%dY%nYdmlYragf]%\]d%e]j[Ylg+% \]ddY%[geeall]frY%]%\]ddY%[gf[gjj]frY+%dY% f][]kkal}%\a%mf%Y__agjfYe]flg%[gklYfl]% ([gjka+%eYfmYda+%janakl]+%#]j])+%dY%ja[]j[Y% \a%]d]e]fla%\aklaflana%\]ddg%klm\ag%]%dY% \]#faragf]%\a%gZa]llana+%dY%nYdmlYragf]% \a%hgkkaZada%kh][aYdarrYragfa%\a%k]llgj]+% dY%_]klagf]%\]a%l]eha%]%\]a%a%[gkla%\a% j]YdarrYragf]%\]dd]%gh]j]+%dY%_YjYfraY%\a% imYdal}%\]d%hjghjag%hjg\gllg-% Ed%ngdme]%•%km\\anakg%af%lj]%k]ragfa-% HY%hjaeY+%vAk]j[alYj]%dY%hjg^]kkagf]w+% [`aYjak[]%jmgda+%[geh]l]fr]+%[gehala%]%

04

05/##l##.,-/

j]khgfkYZadal}%\]dduYj[`al]llg+%h]j%hga% ]fljYj]%f]ddg%kh][a#[g%\]ddugj_YfarrYragf]% \]dduYllanal}%hjg^]kkagfYd]+%\Y_da%Ykh]lla% #k[Yda%]%Zmjg[jYla[a+%YddY%[gfgk[]frY% \]ddY%fgjeYlanY+%Y%im]dda%dg_akla[a%d]_Yla% YdduYnnag%\]dduYllanal}%(dY%ja[]j[Y%\a%mfg% khYrag%\a%dYngjg%a\gf]g%]%duY[imaklg% \]_da%kljme]fla%f][]kkYja)+%YddY%k[]dlY%\]a% [gddYZgjYlgja+%Y_da%afn]klae]fla%afaraYda%]% YddY%^gjemdYragf]%\a%mfY%_amklY%g"]jlYHY%k]ragf]%vE%hjaea%dYngjaw%]fljY%f]d% e]jalg%\a%im]klagfa%[ge]%ad%jYhhgjlg% [gf%ad%[da]fl]%]%[gf%dY%LmZZda[Y% =eeafakljYragf]+%dY%lYja"Y%hjg^]kkagfYd]+% ad%\ak[ahdafYj]%\uaf[Yja[g%]%d]%hjg[]\mj]% h]j%afljYhj]f\]j]%a%hjaea%af[Yja[`a+%imaf\a% ad%hjg_]llg%hj]daeafYj]+%dY%hjYla[Y%\Y% [gfk]_fYj]%af%?gemf]+%d]%hjae]%klae]% \]a%[gkla%\a%j]YdarrYragf]%\Y%kgllghgjj]% hga%Ya%j]Yda%hj]n]flana%\uaehj]kY+%ad% [Yfla]j]+%dY%[gflYZadal}+%dY%#f]%\]a%dYngja-% Qlad]%Yf[`]%dY%hYj]fl]ka%kma%[gf[gjka%\a% Yj[`al]llmjY+%d]%lahgdg_a]+%d]%e]lg\gdg_a]%]% d]%ghhgjlmfal}%g"]jl]%af%ElYdaY%]%Yddu]kl]jgEf#f]+%dY%k]ragf]%aflalgdYlY%vH]% kh][aYdarrYragfaw%ka%g[[mhY%\]a%k]jnara% Y__amflana%[`]%mf%Yj[`al]llg%hm % ^gjfaj]%af%eYl]jaY%\a%[]jla#[Yragf]% ]f]j_]la[Y%]%Y[mkla[Y+%hj]n]fragf]% af[]f\a%]%[ggj\afYe]flg%\]ddY%ka[mj]rrY;% \]dd]%Yllanal}%[`]%hm %]k]j[alYj]% YlljYn]jkg%duYhhjg^gf\ae]flg%\]dd]%

km]%[geh]l]fr]+%imYda%ad%_jY#[g%h]j% dY%[gemfa[Yragf]%]%dY%hmZZda[al}%\]ddg% klm\ag+%ad%Q@=!?@MDBH@L+%ad%^glg_jY^g%h]j% duYj[`al]llmjY%]%ad%[gfkmd]fl]%l][fa[g%h]j% h]jara]%\a%YeZalg%_am\araYjag%d]_Yl]%YddY% j]YdarrYragf]%\]ddugh]jY%]\adaraY-% 0DPLHND!ALNND

LYgdg%IYrrgd]fa%(Y%[mjY%\a) 2DSH!NYDSFKLUHUUQ!PQPQTUDPUH!UVUUQ Ogd^]jafg%A\aragfa+%IadYfg+%1/02 hh-%7/+%]mjg%7+4/


EJ?KJPNE%@u=N?DEPAPPQN=

9O\]K"NOUUc4[MRS]O]]X" K"6[OVXWK Ef%g[[Ykagf]%\]a%fgnYfluYffa% \YdduYhhda[Yragf]%\]ddY%d]__]%kmddY%Pml]dY% \]d%lalgdg%]%\]ddu]k]j[arag%hjg^]kkagfYd]% \]_da%=j[`al]lla+%]eYfYlY%\Yddumdlaeg% LYjdYe]flg%daZ]jYd]%\]d%N]_fg%\a%ElYdaY+% ad%?gfka_dag%JYragfYd]%\]_da%=j[`al]lla% LL?%`Y%\][akg%\a%\a[`aYjYj]%ad%13%_am_fg+% Y%hYjlaj]%\Y%im]kluYffg+%_agjfg%\]ddY% vB]klY%\]ddu=j[`al]llgwHuKj\af]%\]_da%=j[`al]lla%LL?%\]ddY% Ljgnaf[aY%\a%?j]egfY%`Y%k[]dlg%\a% [gfljaZmaj]%YddY%vB]klYw%[gf%mfuYjla[gdYlY% afaraYlanY%[mdlmjYd]%km\\anakY%af%k]a%kaf_gda% af[gflja%[`]%ka%kgfg%kmkk]_mala%f]dd]% Ydlj]llYfl]%k]jYl]%(\Yd%12%eY__ag%Yd%14% _am_fg)%[allY\af]-%Cda%af[gflja+%[`]%`Yffg% naklg%dY%hj]k]frY%\]d%fme]jgkg%hmZZda[g+% `Yffg%Yhhjg^gf\alg%fme]jgka%l]ea% \uYllmYdal}+%_jYra]%Yf[`]%YddY%hj]k]frY% \a%gkhala%imYda#[Yla9%=j[`al]llmjY% ]%[ggh]jYragf]%(Hm[Y%PjYZYllgfa+% Cjmhhg%=j[ );%Ljg_]lla%e]ljghgdalYfa% (Camk]hh]%PgjlYlg+%IadYfgdYqgml);% OhYra%h]j%dY%[gemfal}%(=d]kkYf\jg% ?gjjY\afa+%I\m);%Ljg\mjj]%Yj[`al]llmjY% (=f\j]Y%VYf\]ja_g+%>Ymcm`);%CagnYfa% Yj[`al]lla%Y%?j]egfY%(Ykkg[aYragf]% =jqY);%Ljg_]llYj]%Yj[`al]llmj]%\Yd%?]fljg% AmjghY%(>gjak%Lg\j][[Y)-

LCP%HKI >=N@E%KJ,HEJA

6XW\^U]K[O"SU"C;G" NS"@SUKWX

IKOPNA

=U"C[OVSX" @SO\"_KW"NO["EXRO"*()+ Ed%Lj]eag%\a%=j[`al]llmjY%?gfl]ehgjYf]Y% \]ddY%?geeakkagf]%Amjgh]Y%x%Lj]eag% Ia]k%nYf%\]j%Ng`]%[gklalmak[]%[gf%dY% kmY%j]Ydl}%dY%n]llY%\]ddY%hjYla[Y%\]a% hj]ea%\a%Yj[`al]llmjY%[ge]%kljme]fla% af\akh]fkYZada%h]j%hjgemgn]j]% mfuYj[`al]llmjY%\a%imYdal}%]%kgkl]f]j]%a% _agnYfa%hjg^]kkagfakla%Y_da%afara%\]ddY%dgjg% [Yjja]jY=\%g_fa%]\aragf]%Za]ffYd]%hYjl][ahYfg% fme]jgk]%gh]j]%\a%Yj[`al]llmjY+% [gehd]lYl]%f]a%\m]%Yffa%hj][]\]fla+% k]d]ragfYl]%\Y%mf%_jmhhg%\a%]kh]jla% af\ah]f\]fla+%e]eZja%\]ddu=j[`al][lku% ?gmf[ad%g^%Amjgh]%(=?A)+%]%\Y%Ydlj]% Ykkg[aYragfa%fYragfYda%\a%Yj[`al]llaL]j%du]\aragf]%\]d%1/02+%kgfg%klYla% fgeafYla%af%lglYd]%224%hjg_]lla+%ljY%a%imYda% dY%_amjaY%`Y%k]d]ragfYlg%a%[afim]%#fYdakla9% Imfa[ahag%Y%CYf\%\a%NgZZj][`l%]f%@Y]e% ]%IYja],Fgk %RYf%D]];%Omh]jcad]f+%hYj[g% mjZYfg%afl]j[mdlmjYd]%Y%?gh]fY_`]f% \a%>bYjc]%Ef_]dk%Cjgmh+%Pghgl]c0%]% Omh]j!]p;%DYjhY+%kYdY%[gf[]jla%]%[]fljg% [gf^]j]fr]%Y%N]qcbYnac%\a%>Yll]j a\% =j[`al][lk+%D]ffaf_%HYjk]f%=j[`al][lk%]% Olm\ag%KdY^mj%AdaYkkgf;%?YkY%h]j%YfraYfa% Y\%=d[~[]j%\g%OYd%\a%=aj]k%IYl]mk% =jimal][lgk;%I]ljghgd%LYjYkgd+%khYrag% [mdlmjYd]%]%[gee]j[aYd]%Y%Oana_daY%\a F-% IYq]j%D-

Ef%g[[Ykagf]%\]d%14{%Yffan]jkYjag%\]d% Lj]eag+%hj]kkg%dY%Pja]ffYd]%\a%IadYfg% kgfg%]khgkl]+%#fg%Yd%0{%k]ll]eZj]%1/02+% d]%3/%gh]j]%\]ddumdlaeY%]\aragf]+%[`]% [gehj]f\gfg+%gdlj]%Yd%hjg_]llg%naf[algj]% (DYjhY%\a%N]qcbYnac%x%P@?D!AINI)+%a% imYlljg%#fYdakla+%dY%vI]fragf]%kh][aYd]w% h]j%ad%ea_dagj]%Yj[`al]llg%]e]j_]fl]% (IYj Y%HYf_YjalY%]%R [lgj%JYnYjjg%h]j%dY% JYn]%\]%I ka[Y%IYlY\]jg%Y%IY\ja\)%]% Ydlj]%gh]j]%k]d]ragfYl]HuafYm_mjYragf]%\]ddY%egkljY%•%klYlY% hj][]\mlY%\Yd%[gfn]_fg%v?gfkljm[laf_% Amjgh]-%14%U]Yjk%g^%=jimal][lmj]-% >j]Ycaf_%J]o%Cjgmf\uu-

EJEVE=PERA

?K";SX[WK]K" NOUUO"IO\\KaSXWS Hu7%dm_dag%1/02%ka%•%kngdlY%Y%IadYfg+%Y% LYdYrrg%I]rrYfgll]%]%af%LaYrrY%="Yja+% vHY%CagjfYlY%\]dd]%R]kkYragfaw+%dY% k][gf\Y%afaraYlanY%]%ad%k]_malg%\]%vHY% CagjfYlY%\]ddY%?gdd]jYw%\]d%02%^]ZZjYag% \a%im]kluYffg-%H]%lj]flmfg%Ykkg[aYragfa% \]d%k]llgj]%\]dd]%[gkljmragfa+%[gehj]kY% dY%?gfkmdlY%j]_agfYd]%dgeZYj\Y%\]_da% Kj\afa%\]_da%=j[`al]lla%LaYfa#[Ylgja% LY]kY__akla%]%?gfk]jnYlgja+%`Yffg% k]_fYdYlg%YddY%LmZZda[Y%=eeafakljYragf]% d]%vn]kkYragfaw+%d]__a+%hjg[]\mj]+% j]_gdYe]fla%[`]%j]f\gfg%\a$[ad]%dg% kngd_ae]flg%\]dduYllanal}%f]d%k]llgj]+% hjghgf]f\g+%h]j +%Yf[`]%kgdmragfa% [gf[j]l]%Y%[gklg%r]jg-

Ogfg%klYl]%hmZZda[Yl]%kmddY%hY_afY% o]Z%\]dduKj\af]%\]_da%=j[`al]lla%LL?% \]ddY%Ljgnaf[aY%\a%IadYfg%lmll]%d]% lYngd]%\]d%fmgng%LaYfg%\a%Cgn]jfg%\]d% P]jjalgjag%\]d%[gemf]%eadYf]k]-%?gf%dY% eYkkaeY%k]ehda[al}+%Ydduaf\ajarrg%`llh9.. h_leadYfg-gj\af]Yj[`al]lla-ea-al.%•% [gfkmdlYZad]%duafl]jg%l]jjalgjag%[gemfYd]-% Qfg%kljme]flg%x%\Y%afl]f\]jka%[ge]% [gehd]e]flYj]+%fgf%kgklalmlang%Ydd]% lYngd]%gja_afYda%\]d%?gemf]%x%h]j%dY% jYha\Y%[gfkmdlYragf]+%\a%gja]flYe]flg%]% \anmd_Yragf]%\]ddY%fmgnY%fgjeY+%\glYlg% \a%af\ajarrYjag+%d]_]f\]%]%af\a[Yragf]% \]d%jaimY\jg%\a%ja^]jae]flg+%[`]% [gfk]fl]%\a%gja]flYjka%Ydduafl]jfg%\]dd]% \an]jk]%eYhh]%l]eYla[`]-

05/##l##.,-/

05


HFGB;NL

',26/,5/!,!6,.2/! +/!#,6)5,!#)77)2,3! )!#313 Hg%k[gjkg%00%eY__ag%ka%•%afYm_mjYlY%af% OYf%La]ljg%af%=ljag%dY%egkljY%.@M<L@! .<NN<H@I!&+&'$&+)(%!7@HMD@LI!@!M@BHI! H@FFT<L>CDN@NNOL<;%mfuafaraYlanY%^gjl]e]fl]% ngdmlY%\YdduKj\af]%\]_da%=j[`al]lla%LL?%\a% ?geg+%[gf%dY%[gddYZgjYragf]%\]ddu=j[`anag% ?YllYf]g%]%ad%hYljg[afag%\]d%?gemf]+% ]%[gf%ad%kmhhgjlg%\]dduKj\af]%\]_da% Ef_]_f]ja+%\]ddY%Bgf\Yragf]%\]d%?j]\alg% RYdl]ddaf]k]+%]%\]dd]%Yra]f\]%NaeY\]kag+% >]ddgklY%]%?Yeh]__a-% ?mjYlY%\Y%La]jj],=dYaf%?jgk]l+% du]khgkaragf]%`Y%hjghgklg%mfY%kafl]ka% jY_agfYlY%\a%im]ddY%hj]k]flYlY%f]d%1/01% Yddu=[[Y\]eaY%fYragfYd]%\a%OYf%Hm[Y%af% g[[Ykagf]%\]d%[]fl]fYjag%\]ddY%fYk[alY% \]dduYj[`al]llg%[geYk[g%(0801,0832)+% ja[gj\Yf\gf]%gjY%Yf[`]%a%6/%Yffa%\YddY% egjl]%(0801,0832)|%mfY%egkljY%[`]%hj]k]flY%mf%jY[[gflg% \]dduaehgjlYfl]%aehjgflY%dYk[aYlY%\Y% im]klg%Yj[`al]llg+%hj]eYlmjYe]fl]% k[gehYjkg%Y%kgda%20%Yffa-%@mjYfl]% du]khgkaragf]%•%klYlg%hgkkaZad]%nakalYj]% Yf[`]+%km%YhhmflYe]flg+%dY%[YkY% \a%?]jfgZZag%(naY%N]_afY%32+%l]d-% /20%40285/)+%\gn]%kgfg%klYla%Yf[`]% hj]k]flYla%Yd[mfa%\ak]_fa%gja_afYda%]%ka% •%hglmlg%\mfim]%Ykkg[aYj]%ad%h]j[gjkg% [jala[g,l]gja[g%\]d%_]klg%gja_afYjag@anakY%af%imYlljg%k]ragfa%jah]j[gjj]% d]%nYja]%^Yka%]ngdmlan]%\]d%kmg%^Yj]% hjg_]llmYd]HY%hjaeY%addmkljY%_da%Yffa%\]ddY%^gjeYragf]9% k[`arra%\Yd%n]jg+%af%hYjla[gdYj]%\a%hY]kY__a% (]k]_mala+%imYllgj\a[]ff]%\mjYfl]% im]klY%^Yk]%\a%Ymlg^gjeYragf])%Y%[ma%ka%

1,

05/##l##.,-/

Y$Yf[Yfg%im]dda%\]_da%Yffa%t2/,t24+%d]_Yla% YddY%BY[gdl}%\a%Yj[`al]llmjY%\]d%Lgdal][fa[g% \a%IadYfg%]%Ya%kmga%hjaea%hjg_]lla+%egdla%\]a% imYda%Yf[gjY%af]\ala+%[`]%]na\]fraYfg%[gk•% dY%kmY%af[]kkYfl]%]%jYha\Y%eYlmjYragf]% [ge]%Yj[`al]llg-%Oaf%\Y%klm\]fl]+% ?YllYf]g%l]klaegfaY%dY%kmY%Y\]kagf]% Yd%daf_mY__ag%YkljYllg%\]_da%Yj[`al]lla% jYragfYdakla%\]ddY%_]f]jYragf]%hj][]\]fl]% (P]jjY_fa+%Haf_]ja+%Ba_afa%]%Lgddafa+%OYjlgjak)+% [gf%mfY%k]ja]%\a%hjg_]lla%]%k[jalla%hgd]ea[a% Y%^Yngj]%\]dduYj[`al]llmjY%eg\]jfY+%af%daf]Y% [gf%a%l]ea%Y"jgflYla%Yf[`]%\Ydd]%janakl]% vMmY\jYfl]w%]%v?YkYZ]ddYwHY%k][gf\Y%k]ragf]%•%\]\a[YlY%YddY% kmY%j]dYragf]%[gf%_da%Yjlakla%YkljYllakla% [geYk[`a9%•%klYlg%mf%_jYf\]%Yea[g% \a%IYfdag%N`g%]%IYjag%NY\a[]-%@YddY% [gddYZgjYragf]%hjghjag%[gf%im]klg% mdlaeg+%fYk[]j}%dY%fglY%BgflYfY%\a% haYrrY%?Ye]jYlY+%afl]jfYragfYde]fl]% [gfgk[amlY%[ge]%v^gflYfY%Yd%LYj[gw;% j]YdarrYlY%YddY%RE%Pja]ffYd]%\a%IadYfg%f]d% 0825-%Ogdg%f]d%085/%ljgn]j}%[gddg[Yragf]% f]d%dmg_g%gja_afYjaYe]fl]%hj]naklg+%\gn]% lmllgjY%[gklalmak[]%mf%YllmYd]%k]_fg% hdYkla[g%\]d%hY]kY__ag%mjZYfg-%HY% [ggh]jYragf]%da%hgjl]j}%Y%[gf#_mjYj]%Ydlj]% kh]jae]flYragfa%\a%jY\a[Yd]%YkljYll]rrY% ]%eg\]jfal}+%Yfla[ahYf\g%Y\\ajallmjY%d]% ja[]j[`]%khYraYda%\]_da%Yjlakla%\]ddY%GDHDG<F! <LN%]%\]ddY%F<H?!<LN%\]_da%Yffa%t5/HY%l]jrY%k]ragf]%hj]k]flY%Yd[mfa%hjg_]lla% h]j%dY%v[all}%jYragfYdaklYw-%PjY%im]kla%ad% LaYfg%N]_gdYlgj]%\a%?geg%(0822,23)% \gn]%hYjl][ahY%[ge]%mfa[g%klm\]fl]%af% mf%_jmhhg%\a%fgla%Yj[`al]lla%]%af_]_f]ja%

(Camk]hh]%P]jjY_fa+%La]jg%>gllgfa+% Hma_a%@g\a+%CYZja]d]%CamkkYfa+%La]ljg% Haf_]ja+%IYjag%Lm[[a+%N]fYlg%Qkd]f_`a);% k]_majgfg%mfY%k]ja]%\a%hjg_]lla%l]gja[a% [`]%l]klaegfaYfg%dY%kmY%ngdgfl}%\a% ja[gf#_mjYj]%ad%\ak]_fg%mjZYfg%\]d% []fljg%[allY\afg+%akhajYlgj]%ka[mjYe]fl]% \]d%hjg_]llg%h]j%dY%k]\]%\]dduQfagf]% HYngjYlgja%\]dduEf\mkljaY%(0827,31+% j]YdarrYlg%af%Ykkg[aYragf]%[gf%Haf_]ja+% Kja_gfa+%IY_fY_`a%]%P]jrY_`a)+%[gkljmalg% f]d%dgllg%j]ljgklYfl]%dY%?YkY%\]d%^Yk[ag%\a% P]jjY_fa%Y%[gehd]lYj]%im]ddY%[`]%g__a% \]#faYeg%vEkgdY%\]d%NYragfYdakegw+%]%mf% l]jrg%hjg_]llg%\a%?YllYf]g%#fgjY%af]\alg% ]%hj]k]flYlg%h]j%dY%hjaeY%ngdlY%af%im]klY% egkljY+%h]j%mf%aeegZad]%\uYZalYragfa% \]fgeafYlg%v?Tw%(0827)%[YjYll]jarrYlg% \Y%mf%aehaYflg%lahgdg_a[g%\a%_jYf\]% gja_afYdal}HY%imYjlY%k]ragf]+%af#f]+%YfYdarrY%dY% kmY%gh]jY%ha %fglY9%dY%?YkY%\uY$llg%Y% ?]jfgZZag%(0827,28)+%\gn]%mf%na\]g%\a% =dZ]jlg%Igeg+%j]YdarrYlg%kh][a#[Ye]fl]% h]j%dY%egkljY+%[a%[gfk]fl]%\a%Yhhjg^gf\aj]% Yf[`]%\Y%mfuYdljY%hjgkh]llanY%\uaf\Y_af]+% dY%[gfgk[]frY%\a%im]klg%hjg_]llg-%Qf% ]\a#[ag%kljYgj\afYjag%kaY%h]j%dY%imYdal}% \]ddY%kmY%]khj]kkagf]%hdYkla[Y%[`]%h]j% ad%kmg%afk]jajka%f]d%[gfl]klg-%Ef%im]klg% jY[[gflg%nakang%\]a%\ak]_fa+%jaljgnaYeg%lmlla% a%hYkkY__a%\YddY%kmY%a\]Yragf]%Yd%[Yfla]j];% ^Y[]f\g%]e]j_]j]%dY%[mjY%]%dY%hYkkagf]% h]j%g_fa%\]llY_dag+%klaegdYf\g%ja!]kkagfa% mlada%Y_da%Yj[`al]lla%\a%g__a9%ZYkla%gkk]jnYj]% ad%^mfragfYe]flg%\]_da%kh]llY[gdYja% e][[Yfakea%[`]%YragfYfg%d]%#f]klj]%


GW^^S#bSY[`S#S#"S`Ua6#<WeSdW#<SffS`Wa(# USeS#VmS!ffa#S#<Wd`aTT[a(#-5/4)/5*# O[efS#VW^^S#eUS^S#[`fWd`S*#<Wd`aTT[a(# 9dUZ[h[a#<SffS`Wa* <WeSdW#<SffS`Wa#%Ua`#FSd[a#KSV[UW&(# Xa`fS`S#V[#<S_Wd^SfS(#-5/1)/2*#LUZ[kk[#V[#efgV[a*# <Wd`aTT[a(#9dUZ[h[a#<SffS`Wa*

]%_da%k[mja%k[gjj]ngda%[`]+%Yhj]f\gka%Y% lmllY%Ydl]rrY+%Yhjgfg%mf%hYjYh]llg%\a% hjgl]ragf]+%\gn]%d]%eYfa_da]+%\an]f_gfg%ad% h]jfg%\]d%e][[Yfakeg%kl]kkgE%fme]jgka%k[`arra%]khgkla+%jahjghgkla% Yf[`]%af%]dgim]fla%[gha]%\]_da%YdZme% gja_afYda+%Y[[gehY_fYla%\Ya%h]f]ljYfla% kY__a%[jala[a+%jY[[gflYfg%dY%h]jkgfYdal}% \a%im]klg%Yj[`al]llg%]%afl]dd]llmYd]+%[`]% dg%`Y%hgjlYlg%Y%l]gjarrYj]%duaffgnYlang% [gf[]llg%\a%vhgda\ae]fkagfYdal}w%(dY%[ma% hg]la[Y%•%]khj]kkY%f]d%l]klg%1DIP<HHD!@! 1DOM@JJ@%!/D<FIBCD!?D!<L>CDN@NNOL<+%IadYfg+% HaZj]jaY%OYdlg+%0830)+%]na\]fraYf\gf]% duafl]fkal}%\a%mfuYllanal}%hjg_]llmYd]% [YhY[]%\a%nYjaYragfa+%jah]fkYe]fla+% Ydl]jfYlan]%lYdngdlY%jY\a[Yda-%A$[Y[]+% h]j%dY%egkljY+%ad%vjY[[gflg%nakangw%\]dd]% hYj]la%[`]%[gff]ll]%ljY%\a%dgjg%\ak]_fa% ]%l]kla%l]gja[a+%l]ea%^gjeYda%ja[gjj]fla%af% ha %hjg_]lla+%^jYee]fla%\a%kaf_gda%\ak]_fa% ]%hYjla[gdYja%\]_da%]\a#[a%j]YdarrYla-%|+% af%^gf\g+%ad%jY[[gflg%\a%mf%Yj[`al]llg% [`]%ka%•%^gjeYlg%]%[gehamlg%af%mf% l]ehg%kljYgj\afYjaYe]fl]%Zj]n]%(kgda% gllg%Yffa)-%L]j%dma+%duYllg%\a%\ak]_fYj]+% •%mf%n]jg%]%hjghjag%eg\g%\a%k[jan]j]9% [gfk]fl]%dY%ljYk[jaragf]%\a%mf%h]fka]jg% ]%\]ddY%^gjl]%l]fkagf]%a\]Yd]+%h]jnYkY% \Yd%kgjhj]f\]fl]%mkg%\a%mf%daf_mY__ag% YkljYllaklY%[`]%\an]flY%f]d%[gjkg%\]_da%Yffa% k]ehj]%ha %h]jkgfYd]%]%gja_afYd]+%]%kgdg% YhhYj]fl]e]fl]%\]Zalgj]%f]a%ja_mYj\a% \]dd]%ja[]j[`]%[gfl]ehgjYf]]%\a%P]jjY_fa+% H]%?gjZmka]j%g%Na[`Yj\%J]mljY-% =QEHSUD!2DTQND

/HTDSH!/DUUDPHQ!'+'(%'+*)&! ;HPTLHSQ!H!THJPQ!PHNNYDSFKLUHUUVSD OYf%La]ljg%af%=ljag+% naY%K\]k[Yd[`a%2+%?geg 00%eY__ag%x%8%_am_fg%1/02

La]jj],=dYaf%?jgk]l%(Y%[mjY%\a) /HTDSH!/DUUDPHQ!'+'(%'+*)&! ;HPTLHSQ!H!THJPQ!PHNNYDSFKLUHUUVSD! =j[`anag%?YllYf]g%A\algj]% af%?]jfgZZag+%1/02

9`fa`[a#LS`fm>^[S(#ES#U[ffw#`gahS(#-5-0*#<a_a(#FgeW[#<[h[U[*

$0!-87853!+,00)!*/77= vMm]klY%fgf%•%mfY%egkljY%\a%Yj[`al]llmjY+% eY%mfY%egkljY%kmddY%[all}w-%?gf%im]kl]% hYjgd]%ad%[mjYlgj]%IYj[g%@]%Ia[`]dak%(F@BBD! FTDHN@LPDMN<!DH!AIH?I)%`Y%ngdmlg%hj]k]flYj]% dumdlaeY%aehgjlYfl]%]khgkaragf]%[geYk[Y+% dY%hjaeY%\a%mfY%vljaY\]w%\Y%[gf[dm\]jka% f]d%1/04%af%g[[Ykagf]%\]dduAphg%\a%IadYfg-% LjgegkkY%\Yddu=kk]kkgjYlg%YddY%?mdlmjY% \]d%?gemf]%\a%?geg+%dY%jYkk]_fY% \]\a[YlY%Ydd]%ja!]kkagfa%vkm%[gkY%kaY%g__a% dY%[all}w%addmkljY+%f]dd]%k]\a%\a%RaddY%Kdeg% ]%LafY[gl][Y%?ana[Y+%mf%k][gdg%\a%nakagfa% mjZYf]+%Y%hYjlaj]%\Y%=flgfag%OYfluAdaY%#fg% Yddugh]jY%\a%mfY%\]_da%Yjlakla%[gfl]ehgjYf]a% ha %afl]j]kkYfla%[ge]%dY%[af]k]%?Yg%B]a-% Ed%_jYf\]%e]jalg%\]ddY%eYfa^]klYragf]% •%im]ddg%\a%ngd]j%[gafngd_]j]%ad%nYklg% hmZZda[g%\a%]khgkaragfa%\uYjl]%Y\%mf%l]eY% [gfka\]jYlg%#fg%Y%hg[g%l]ehg%^Y%kgdg%h]j% _da%Y\\]lla%Ya%dYngja%(?<!HIN<L@!FT<MMIH<HS<! ?TDHN@HND!>IH!O]frY%h]ja[gdg&#!GIMNL<! ?@?D><N<!<F!JLI=F@G<!?@FF<!MD>OL@SS<! H@F!><GJI!?@FF@!>IMNLOSDIHD#!L@>@HMDN<!<! J<BDH<!)*)-%Ja]fl]%\a%ha %kZY_daYlg+%h]j[` % duYj_ge]flg+%YllmYdakkaeg+%[a%ja_mYj\Y%lmlla+% ]\%•%im]ddg%\]d%^mlmjg%\]dd]%fgklj]%[all}%]% \]d%nan]j]%imgla\aYfg9^d_^Y_$LQ^dm>\YQ$t$e^_$TUY$`bY]Y$ QbSXYdUddY$QT$_SSe`QbcY$QddbQfUbc_$Y$ce_Y$ `b_WUddY$TU\\Q$SYdds$VedebQ($U$Q^SXU$cU$ ^UY$ce_Y$TYcUW^Y$db_fYQ]_$`_SXU$fYcdU$ TmY^cYU]U$TU\\Q$SYdds$`b_WUddQdQ($VQb$ Y^YjYQbU$\mUc`_cYjY_^U$TY$OY\\Q$H\]_$S_^$Y\$ ce_$\Qf_b_$t$cU]RbQd_$aeQcY$^USUccQbY_$ U$`QbdYS_\Qb]U^dU$Q``b_`bYQd_*$=Q$S_cQ$ ^QcSU$aeUcdQ$TUSYcY_^U8 OYfluAdaY%•%klYlg%n]jYe]fl]%ad%hjaeg%Y\% Y"jgflYj]%ad%hjgZd]eY%\]dduYj[`al]llmjY% \]ddY%[all}%fmgnY+%\]ddY%[all}%^mlmjY+%

f]d%k]fkg%[`]%hjaeY+%f]_da%mdlaea%Yffa% \]dduKllg[]flg+%afarag%\]d%Jgn][]flg+% ljgnaYeg%kgdg%imYd[`]%Yhhjg[[ag+% [`aYeaYegdg%[gk•+%v^mlmjaklYw+%kmddY% [all}+%[ge]%h]j%]k]ehag%im]ddg%\]d% ^jYf[]k]%Ajf]kl%D ZjYj\-%@a%dma%[alg% k]ehj]%dY%^YegkY%hjgkh]llanY%Y%ngdg% \um[[]ddg%\a%mfY%[all}%[gf%a%\aja_aZada+% _da%Y]j]a+%d]%lgjja%]%a%[YehYfada%aflgjfg+% [`]+%k]%_mYj\aYeg%Z]f]+%fgf%hj]k]flY% f]kkmfua\]Y%\a%Yj[`al]llmjY+%eY%•%Yf[gjY% mf%hYkla[[ag%][d]lla[g%k]frY%f]kkmf% [YjYll]j]%affgnYlang-%?u•%imYd[gkY%\a% kaead]%af%Kllg%SY_f]j9%imYf\g%hYjdY% \a%e]ljghgda%af#falY%^Y%ka[mjYe]fl]%mf% \ak[gjkg%gja]flYlg%kmd%^mlmjg+%ZYkYlg% kmddY%j]Ydl}%\]ddY%Ra]ffY%\uafarag%t8//-% =flgfag%OYflAdaY%•%n]jYe]fl]%ad%hjaeg% [`]%hjgnY%Y\%afn]flYjka%mfuYj[`al]llmjY% h]j%dY%[all}%\]d%^mlmjg%]%imaf\a%dY%egkljY% af]kgjYZade]fl]%hYjlanY%\Y%d}-%|%mf%hmflg% \a%hYjl]frY%Yf[`]%daealYlg+%h]j[` %fgf% [a%\}%eYa%mfua\]Y%\uafka]e]%\]ddY%[all}% hjg_]llYlY+%eY%h]j%Yn]j]%mfua\]Y%\]ddY% [all}%[gehd]kkanY%\gZZaYeg%Ykh]llYj]% ad%u11%imYf\g%H]%?gjZmka]j%hj]k]flY%ad% hjg_]llg%\]ddY%?all}%[gfl]ehgjYf]Y%h]j% lj]%eadagfa%\a%YZalYfla9%][[g+%d•%ljgnaYeg% mfua\]Y%gj_Yfa[Y%\]d%jYhhgjlg%ljY%[]fljg%]% h]ja^]jaY+%ljY%\an]jk]%^mfragfa%\]dd]%hYjla%\a% [all}+%dY%j]l]%kljY\Yd]+%dY%klYragf]sGU\\mUc`_cYjY_^U$c_^_$`bUcU^dY$]_\dY$ `b_WUddY($]_TU\\Y$TY$SYdds$^e_fU$SXU$ c_^_$cdQdY$Y]`_cdQdY$ce$RQcY$dU_bYSXU$ U$`b_WUddeQ\Y$TY"UbU^dY*$I U$`b_WUddeQ\Y$TY"UbU^dY*$ IUbw($cU$_WWY$ T_fUccY]_$VQbU$e^$RY\Q^SY_$TY$aeUcdU$ Uc`UbYU^jU$`b_WUddeQ\Y$V_bcU$T_fbU]]_$ bYS_^_cSUbU$SXU($`Ub$]_dYfY$TYfUbcY($c_^_$ deddU$VQ\\YdU8$

05/##l##.,-/

1-


afn][]+%Yd%_agjfg%\ug__a+%YZZaYeg%Ydlj]% im]klagfa+%[gf%l]ea%\]d%hj]k]fl]%\Y%mfY% hYjl]%]%hjgZd]ea%\a%jYhhgjlg%ljY%hj]k]fl]% ]%hYkkYlg%\YdduYdljY+%hamllgklg%[`]%ljY% hj]k]fl]%]%^mlmjg-

Jgf%na%•%f]kkmf%\mZZag-%Oa%hglj]ZZ]%^Yj]% mf%ZadYf[ag%Yf[gjY%ha %k[gfkgdYlg+%f]d% k]fkg%[`]%im]ddY%hYjl]%[`]%•%\an]flYlY% j]Ydl}%•%\an]flYlY%Yf[`]%ZYfYd]LY$bYVUbYcSU$Q\\U$`UbYVUbYU$TY$n_bYWY^Yo$ \US_bRecUbYQ^Ul($SXYQ]YQ]_\U$S_cu8 IY`+%Yf[`]s%H]%^Y[[ag%mf%]k]ehag9%ea% kgfg%Y[[gjlg%[`]%egdla%nakalYlgja%\]ddY% egkljY%fgf%kh][aYdarrYla%x%h]j[` %dY% egkljY%fgf%•%mfY%egkljY%\uYj[`al]llmjY% kh][aYdakla[Y%x%imYf\g%n]\gfg%LdYf%Rgakaf% \a%H]%?gjZmka]j%\a[gfg9%veY%im]klg+%[ge]% ka%[`aYeY+% s%dY%@ ^]fk]%\a%LYja_a<w-%A+%af% ]"]lla+%lmllg%kgeeYlg+%[u•%imYd[`]%[gkY% [`]%_da%Ykkgea_da+%kgdg%[`]%dY%@ ^]fk]% %dY% hmjY%ZYfYdal}%\]d%imgla\aYfg+%e]flj]%LdYf% Rgakaf%]jY%Yf[gjY%mfY%nakagf]%gja]flYlY%Yd% ^mlmjg%]klj]eYe]fl]%hgl]fl]-%A%imYf\g% _mYj\aYeg%ad%eg\]ddg%\]ddY%Hanaf_%?alq% \a%BjYfc%Hdgq\%Sja_`l%•%[`aYjg%[`]%[a% n]f_gfg%af%e]fl]%Yf[`]%a\]Y%\]ddg% MJL<QF+%\]ddY%kmZmjZaY%Ye]ja[YfY-%Ogdg% [`]%dY%kmZmjZaY%Ye]ja[YfY%fgf%`Y%ha % duafl]fkal}%]%dY%[gehd]kkal}%[`]%Sja_`l% Yn]nY%h]fkYlg9\\_bQ$`_ccYQ]_$TYbU$SXU$Q\\Q$#^U$\Q$SYdds$ bUQ\U($aeU\\Q$TY$deddY$WY_b^Y($XQ$fY^d_$S_]U$ ]_TU\\_8 O]frY%\mZZag-%L]fkg%[`]%ad%hj]k]fl]% YZZaY%ZYllmlg%vYddY%_jYf\]w%ad%^mlmjg-% Ogfg%gjeYa%Yd[mfa%\][]ffa%[`]%ad%^mlmjg% •%k[gehYjkg%\Ya%h]fka]ja%\]_da%Yj[`al]lla-% Jga%fgf%kaYeg%ha %[YhY[a%\a%hj]k]flYjdg% g%fgf%YZZaYeg%ha %afl]j]kk]%Y%^Yjdg-% I]flj]+%Yf[gjY%f]_da%Yffa%t4/+%\a%^jgfl]%Yd% l]eY%\]ddY%ja[gkljmragf]%\]dd]%[all}%\ghg% a%\akYklja%\]ddY%_m]jjY+%duafl]jjg_Ylang%km% [ge]%ja[gkljmajd]+%km%[ge]%kYj]ZZ]jg% [YeZaYla%a%Zakg_fa+%ad%egf\g+%ad%jYhhgjlg%ljY% ad%kaf_gdg%]%dY%[gdd]llanal}%]jY%mf%hjgZd]eY% YhhYkkagfYfl]%[`]%afl]j]kkYnY%lmlla+%

OYcYdQ^T_$\Q$]_cdbQ$cY$XQ$\mY]`bUccY_^U$ SXU$^UW\Y$e\dY]Y$Q^^Y$W\Y$QbSXYdUddY$ QRRYQ^_$c]QbbYd_$e^$`_m$\Q$\_b_$fU^Q$ SbUQdYfQ$bYc`Udd_$Q\\Q$`b_WUddQjY_^U$TU\\Q$ SYdds$VedebQ$U$SXU$_WWY$UccY$cYQ^_$cdQdY$ c_cdYdeYdY$TQW\Y$QbdYcdY$Y^$aeUcd_$S_]`Yd_*$ =kkgdmlYe]fl]%n]jg-%@ghg%_da%Yffa%t6/% fgf%YZZaYeg%ha %hjg_]lla%\a%[all}%^mlmj]-% J %af%?afY+%f %af%Ef\aY+%f %af%=e]ja[Y% HYlafYs%Ra%kgfg%mf%kY[[g%\a%gh]j]% afl]j]kkYfla+%h]j -%Ef%=e]ja[Y%HYlafY+% ad%\ak[gjkg%\]ddumjZYfakla[Y%!ma\Y%[`]% af_dgZY%Yf[`]%dY%[all}%khgflYf]Y%g%dY%[all}% add]_Yd]+%•%mf%l]eY%\a%_jYf\]%afl]j]kk]-% L]j +%hmjljghhg+%fgf%[u %ha FQ^SQ$V_bcU$e^Q$fYcY_^U$ed_`YSQ8 Eg%fgf%dY%[`aYe]j]a%mlgha[Y+%dumlghaY+% k][gf\g%e]+%•%mf%Ykk]llg%hj]eg\]jfg%x% •%mfY%eaY%n][[`aY%eYfaY%x%[`]%ja_mYj\Y% ?afim][]flg,O]a[]flg-%HumlghaY%fgf% •%eYa%gja]flYlY%kmd%^mlmjg+%•%mf%eg\g% \a%jYhhj]k]flYj]%e]lY^gja[Ye]fl]%ad% hj]k]fl]+%e]flj]%ad%^mlmjg%•%n]jYe]fl]% eg\]jfaklY-%Ed%^mlmjg%fYk[]%imYf\g%ad%l]eY% •%im]ddg%\a%afl]jhj]lYj]%a%[YeZaYe]fla+% d]%ljYk^gjeYragfa-%J]dduKllg[]flg%[a%kgfg% klYl]%[gk•%lYfl]%nagd]fr]%]%\akljmragfa% [`]%fgf%ka%hm %fgf%^Yj]%a%[gfla%[gf% im]klg;%hga+%h]j +%kY%[gkY%km[[]\]<% =_da%Yj[`al]lla%fgf%afl]j]kkY%ha +%ghhmj]% egkljYfg%\a%Yn]j]%Ydlj]%hjagjal}-%Cda%Yjlakla+% afn][]+%l]f_gfg%af%imYd[`]%eg\g%Yf[gjY% Yh]jlY%dY%im]klagf]+%k]ZZ]f]%dg%^Y[[aYfg% [gf%lmllg%mf%dgjg%eg\g%\a%ja!]ll]j]%kmd% hYkkYlg%]%kmd%hj]k]fl]EU$\_b_$SbUQjY_^Y($Y$`b_WUddY($^_^$ bYcSXYQ^_($Q\\Q$#^U($TY$bYce\dQbU$e^$`_m$ cdUbY\Y8$LU]RbQ$SXU$Y^fUSU$TY$`b_`_bbU$ ^e_fY$]_TU\\Y$TY$SYdds($cY$\Y]YdY^_$QT$ Y\\ecdbQbU$c_\dQ^d_$nbUQ\dso$VedebU$`_ccYRY\Y$ `_`_\QdU$TQ$&!("#)%'$$TY$QbSXYdUddebU$ S_^dU]`_bQ^UU($Y^$QccU^jQ$TY$e^$fUb_$ TYcUW^_8$

Qf%n]jg%\ak]_fg%fgf%[u•-%MmYf\g%?`jak% >mj\]f%^Y%dY%kmY%aklYddYragf]%jY$fYlY% [gf%_ag[Yllgda%]%\a[]%[`]%LarrY%[alq%•%Yd% l]ehg%kl]kkg%mfY%[jala[Y%\a%Hgk%=f_]d]k% [geu•+%eY%Yf[`]%mf%\]ka\]jag%\a%mfY%Hgk% =f_]d]k%[ge]%\gnj]ZZ]%]kk]j]+%ljgng% [`]%ka%^g[Ydarra%km%Yd[mfa%Ykh]lla%egdlg% jad]nYfla%\]ddY%[all}%\a%g__a%]%\]dd]%km]% hjgkh]llan]9%[a%afnalY%YddY%ja!]kkagf]%km%mfY% [all}%ha %nYklY+%ha %\akYjla[gdYlY+%ad%[`]%fgf% nmgd%\aj]%f][]kkYjaYe]fl]%ha %ZjmllY+%[`]% fgf%kaYeg%ha %af%_jY\g%\a%\]k[jan]j]%]%\a% afl]jhj]lYj]%[ge]%mfY%lglYdal}JeY^TY($c_^_$W\Y$QbdYcdY$QT$UccUbU$`Yy$ fYSY^Y$Q\\Q$bUQ\ds$bYc`Udd_$QW\Y$QbSXYdUddY8 Om%im]klg%fgf%`g%Yd[mf%\mZZag-%Hu`g% k[jallg%]%dg%jah]lg%\Y%Yde]fg%lj]fluYffa9% _da%Yjlakla%n]\gfg%Yd[mfa%hjg[]kka% j]Yda%\]ddY%ljYk^gjeYragf]%\]ddY%[all}% hjaeY%]%ha %af%^j]llY%\]_da%Yj[`al]lla-% J]d%0855%=d\g%Ngkka%hmZZda[Y%mf%daZjg% kljYgj\afYjag%4T<L>CDN@NNOL<!?@FF<!>DNNW+% eY%[`]%\]k[jan]nY%Yf[gjY%dY%[all}%[ge]% mf%eYfm^Yllg%#ka[g+%[ge]%mf%eYfm^Yllg% eYl]jaYd]+%[ge]%mf%afka]e]%\a%[Yk]%]%\a% khYra%hmZZda[a+%f]ddg%kl]kkg%Yffg%@Yf% CjY`Ye+%duYjlaklY%Ye]ja[Yfg+%hmZZda[YnY% mf%Yjla[gdg%2IG@M!AIL!-G@LD><%af%[ma% hjglY_gfaklY%]jY%dg%MJL<QF-%CjY`Ye%fgf% _mYj\YnY%YddY%h]ja^]jaY+%eY%gdlj]+%n]jkg% im]ddg%khYrag%f]mljg%\]ddY%kmZmjZaY%\]ddY% [all}%Ye]ja[YfY+%[`]%hga%f]a%\][]ffa% km[[]kkana%•%\an]flYlg%ad%hjgZd]eY% ^gf\Ye]flYd]%\]d%_gn]jfg%\]dd]% e]_Ydghgda%egf\aYda+%e]flj]%_da%Yj[`al]lla% [gflafmYnYfg%Y\%g[[mhYjka%\]dd]%haYrr]%]% \]a%e]j[Ylas 9\\_bQ($`Ub$S_^S\eTUbU($SXU$S_^cYW\Y_$ `_dbURRU$TQbU$QW\Y$QbSXYdUddY8 @a%_mYj\Yj]%]%ja!]ll]j]+%[gkY%[`]%Yd[mfa% klYffg%_a}%^Y[]f\g+%km%[]jla%dYngja%]% hjghgkl]%[`]%_da%Yjlakla%`Yffg%hj]k]flYlg-% MmYf\g+%imYd[`]%Yffg%^Y+%afk]_fYng%YddY% ?gdmeZaY%Qfan]jkalq+%ea%kgfg%Y[[gjlg% [`]%@Yf%CjY`Ye%]jY%h]j%IYjc%Sa_d]q% ]%h]j%Ol]n]f%DYdd%mf%ja^]jae]flg%egdlg% ha %aehgjlYfl]%\a%im]ddg%\]_da%mjZYfakla%]% \]_da%Yj[`al]lla-%(3HN@LPDMN<!<! FQbS_$=U$FYSXU\Yc!<!>OL<!?D!BW_b$FQW\YSQ) 6D!FLUU]!PVQWD&!9NUSH!>DPUY1NLD RaddY%Kdeg%,%?geg+%naY%O-%?Yflgfa%0% LafY[gl][Y%?ana[Y%,%?geg+%naY%@aYr%73 13%eYjrg%x%03%dm_dag%1/02

9dUZ[YdS_#%PSddW`#<ZS^]#W#Ka`#AWdda`&(# <[fj#B`fWdUZS`YW#Ida\WUf*## LWk[a`W(#-52/*#?dS`UaXadfW#eg^#FW`a(# =WgfeUZWe#9dUZ[fW]fgf_geWg_#%=9F&* GW^^S#bSY[`S#S#"S`Ua(#VS#e[`[efdS6# 9`YW^a#FS`Y[Sdaff[#W#;dg`a#FadSeegff[(# WV["U[a#bWd#ST[fSk[a`[#[`#h[S#JgSVda``a#.0(# F[^S`a(#-512)2,#%Xafa#V[#LfWXS`a#Lgd[S`a&7# @[Y[#@Zz(#WV["U[a#bWd#ST[fSk[a`[#W#`WYak[# [`#b[SkkS#VW^^S#KWbgTT^[US#-.(#F[^S`a(#-511# %Xafa#V[#9^WeeS`Vda#LSdfad[&*

1.

05/##l##.,-/


(*345/)13!0,!34,5,! +/!453-,66/32/67/!1/0)2,6/ |%klYlg%hmZZda[Ylg%ad%hjaeg%\]a%lj]%ngdmea% af%mk[alY%]fljg%dY%#f]%\]d%1/02%h]j%dY% [gddYfY%]\algjaYd]%\]d%hjg_]llg%3NDH@L<LD! ?D!<L>CDN@NNOL<!GDF<H@M@,!FT<L>CDN@NNOL<! GI?@LH<!>IG@!?@M>LDSDIH@!?@FF<!>DNNW+% Y%[mjY%\]dduKj\af]%\]_da%=j[`al]lla%LL?% \]ddY%Ljgnaf[aY%\a%IadYfg%]%\]ddY%kmY% Bgf\Yragf]+%[`]%hjghgf]%%mfY%k]ja]%\a% _ma\]%gj\afYl]%h]j%l]ea%]%#fYdarrYl]%Y% ljYke]ll]j]%YddY%[gdd]llanal}%a%[YjYll]ja% \]dduYj[`al]llmjY%eg\]jfY%eadYf]k]% ]%d]%km]%imYdal}+%Y%^Yngj]%\a%mfY%kmY% ja[gfgk[aZadal}%f]d%l]ehg-% 3F!JLIA@MMDIHDMGI!>IFNI!H@F!?IJIBO@LL< \a%IYjaY%RallgjaY%?YhalYfm[[a%•%\]\a[Ylg% Ydd]%gh]j]%\a%Yd[mfa%hjg^]kkagfakla% \aj]llYe]fl]%[gafngdla%f]d%_jYf\]% \aZYllalg%kmddY%ja[gkljmragf]%\]d%l]jjalgjag% ZgeZYj\Ylg+%[`]%ljgnYnY%khYrag%f]dd]% eY__agja%janakl]%\a%k]llgj]%[ge]%f]dd]% ^Y[gdl}%mfan]jkalYja]+%jY__jmhhYla% aflgjfg%Yd%I-O-=-%(Ignae]flg%Olm\a% h]j%du=j[`al]llmjY)+%^j]im]flYlgja%\]ddY% Pja]ffYd]%]%\]a%e]\]kaea%klm\a%\a% Yj[`al]llmjY-% QfY%_]f]jYragf]%\a%Yj[`al]lla%v[gdlaw%[`]% ka%hjghgf]nY%\a%ja^gf\Yj]%dY%\ak[ahdafY% f]d%kgd[g%\a%mfY%[gflafmal}%[gf%ad% jaffgnYe]flg%Yj[`al]llgfa[g%gh]jYlg% \Yd%Ignae]flg%Ig\]jfg+%Ykkme]f\g% mf%Yll]__aYe]flg%j]khgfkYZad]%f]a% [gf^jgfla%\]ddY%ljY\aragf]+%fgf%hjang%h]j % \a%daZ]jl}%]khj]kkan]-%HY%_ma\Y+%addmkljYlY% \Y%\ak]_fa%\uYj[`anag%]%^glg_jY#]+%k[]_da]% \a%hj]k]flYj]%mf\a[a%]\a#[a%h]j%YZalYragfa% j]YdarrYla%\Y%fgea%fgf%Yf[gjY%af[dmka%f]d% v#jeYe]flg%\]a%_jYf\a%\]d%\ghg_m]jjYw+% eY%Ydlj]llYflg%af!m]fla%h]j%dY%k[]fY% Yj[`al]llgfa[Y%\a%im]_da%Yffa9%=kfY_g% ]%R]f\]j+%Haf_]ja+%Iafgd]lla+%a%HYlak+%Ca_a% C` +%a%CL=%Igfla+%IYd[`ag\a+%IYf_aYjglla% ]%IgjYkkmlla-%=\%]e]j_]j]%•%ad%kgllad]% ]imadaZjag%[`]%ka%afklYmjY%ljY%dY%ljY\aragf]% ]%ad%daf_mY__ag%afl]jfYragfYd]%Y%[ma%mf% []fljg%af\mkljaYd]%af%]khYfkagf]%[ge]% IadYfg%fgf%hgl]nY%jafmf[aYj]Oh]jae]flYragf]%]%[gf^jgflg%kgfg% Yd%[]fljg%\]d%l]eY%\]dduYZalYj]9%

\Yddug[[Ykagf]%\]a%imYjla]ja%EJ=,[YkY+% Yddu]\adaraY%kgnn]fragfYlY+%YddY%j]ka\]frY% Zgj_`]k]+%d]%ja[]j[`]%[gehgkalan]%ka% [geZafYfg%Y%fmgn]%hgkkaZadal}%kljmllmjYda% ]%\akhgfaZadal}%\a%eYl]jaYda-%HuYll]fragf]% •%jangdlY%YddY%eg\]jfal}%\]d%nan]j]+% YlljYn]jkg%dg%klm\ag%\a%\a"]j]fla%lY_da% \uYddg__ag+%dumladarrg%\a%dm[]%]%n]j\]%[ge]% eYl]ja]%\]d%[gkljmaj]+%dY%hj]^YZZja[Yragf]% ]%dY%!]kkaZadal}%\]dd]%kgdmragfa-%>Yf[`a%\a% hjgnY%mfa[a+%eY%Yf[`]%jakhgkl]%[gf[j]l]% Yd%hjgZd]eY%\]ddY%[YkY+%[`]%ja\ak]_fYfg% IadYfg%\YddY%#f]%\]ddY%_m]jjY%Y_da%Yffa% t6/+%[gf%hYjla[gdYj]%k]fkaZadal}%f]a% [gf^jgfla%\]d%[gfl]klg+%[`]%ka%]khjae]%f]d% \an]jkg%ljYllYe]flg%\]a%^jgfla%jakh]llg% Y_da%Y"Y[[a+%f]d%jYhhgjlg%[gf%dY%kljY\Y% ]%[gf%_da%]\a#[a%na[afa+%f]d%\aYdg_g%[gf%a% hj][]\]fla%afl]jn]fla%\]d%n]fl]ffag%\a% Lgfla+%Imrag+%HYf[aY+%Naeafa+%LgjlYdmhhaLjghjag%Y\%=d]kkYf\jg%Naeafa%(LYd]jeg+% 0787%x%C]fgnY+%0865)%ka%•%j]kg%geY__ag% ad%07%eYjrg%k[gjkg%[gf%dY%hgkY%\a%mfY% lYj_Y%af%kmY%e]egjaY%hj]kkg%mfY%\]dd]% km]%Yj[`al]llmj]%eadYf]ka%ha %[gfgk[aml]+% dY%lgjj]%OfaY%Rak[gkY%af%haYrrY%OYf% >YZadY+%hjaeg%v_jYllY[a]dgw%[allY\afg-% =ddu]n]flg%]jY%hj]k]fl]%Yf[`]%CagnYffY% @u=eaY+%\g[]fl]%Yd%Lgdal][fa[g%\a% IadYfg+%[mjYlja[]%\]d%ngdme]%-F@MM<H?LI! 8DGDHD%!6J@L@!@!MDF@HSD!?D!OH!<L>CDN@NNI! GDF<H@M@-%Ed%daZjg+%[`]%jY[[g_da]%_da% ]kala%\]d%k]eafYjag%Y%dma%\]\a[Ylg%f]d% 1/00+%[gklalmak[]%dY%hjaeY%egfg_jY#Y% \]dduYj[`al]llg%[`]%`Y%hjg_]llYlg%\a][a% ljY%d]%kYd]%[af]eYlg_jY#[`]%ha %[]d]Zja% \a%IadYfg%]%fme]jgka%Ydlja%]\a#[a%ha % g%e]fg%fgla-%@a%^Yea_daY%n]f]raYfY+%ka% \ahdgeY%Yddu=[[Y\]eaY%\a%>]dd]%=jla%]% YjjanY%Y%IadYfg%f]d%0813+%\gn]%f]_da%Yffa% Yhh]fY%km[[]kkana%hjg_]llY%ad%[af]eY% l]Yljg%?gdgkk]g%\a%naYd]%Igfl]%J]jg-%J]d% t23%YnnaY%ad%hjg_]llg%h]j%dY%fglY%lgjj]%[`]% kYj}%mdlaeYlY%f]d%t26-%Mmaf\a+%•%dY%ngdlY% \]d%[af]eY%l]Yljg%IYkkaeg%f]dduYllmYd]% dYj_g%IYd`]j%(gjY%=m\algjame%\a%IadYfg)% ]%\]d%CYjY_]%PjYn]jka%\a%naY%>Y_mlla+% Ymlgkadg%Y%ha %haYfa%gjY%af%Yll]kY%\a%fmgnY%

\]klafYragf]-%J]d%t27%d]%d]__a%jYrraYda% _da%aeh]\ak[gfg%\a%dYngjYj]%h]j%naY% \]dd]%gja_afa%]ZjYa[`]+%eY%•%kmg%ad%hjaeg% hjg_]llg%h]j%ad%?af]eY%P]Yljg%Oe]jYd\g% af%haYrrY%TTR%=hjad]+%[`]%fgf%hm % #jeYj]-%J]d%t32+%e]flj]%dYngjY%Yd%?af]eY% @aYfY+%na]f]%Yjj]klYlg%]%\]hgjlYlg%f]d% [Yehg%\a%[gf[]fljYe]flg%\a%Bgkkgda+%\Yd% imYd]%ja]k[]%Y%^m__aj]-%PgjfYlg%Y%IadYfg+% f]d%\ghg_m]jjY%hjg_]llY%\an]jk]%kYd]%af% naY%Rallgjag%AeYfm]d]%]%\aflgjfa%(=kljY+% Ia_fgf+%=jaklgf+%?gjkg)+%ad%ZYj%H]%Pj]% CYrr]dd]%]%ad%[af]eY%Ig\]jfakkaeg%\a%naY% Pgjafg-%J]d%u45%ka%jalajY%Y%NYhYddg%[ge]% hallgj]+%dYk[aYf\g%Ydd]%km]%kgd]%gh]j]%ad% [gehalg%\a%hYjdYj]%h]j%dma-%0DPLHND!ALNND

IYjaY%RallgjaY%?YhalYfm[[a% ]%=d]kkYf\jg%OYjlgja+%Ol]^Yfg%OmjaYfg% (Y%[mjY%\a) 4N!RSQIHTTLQPLTOQ!FQNUQ!PHN!GQRQJVHSSD =ZalYj]+%IadYfg+%1/01 hh-%7/+%]mjg%01+4/

CagnYffY%@u=eaY%(Y%[mjY%\a) -NHTTDPGSQ!=LOLPL&!9RHSH!H!TLNHPXL! GL!VP!DSFKLUHUUQ!OLNDPHTH IY__agda+% OYflYj[Yf_]dg%\a%NgeY_fY%(NJ)+%1/00 hh-%031+%]mjg%07+//

05/##l##.,-/

1/


10

05/##l##.,-/

q#@9E>KB>#I9MKB<D#L>@NBG

af%imYdkaYka%^Yk]%\]ddY%kmY%j]YdarrYragf]+% kgll]f\]j}%lmllY%dY%kmY%hjg\mragf]HY%[YhY[al}%\a%Ljgmn %f]d%dYngjYj]% Ydd]%\an]jk]%k[Yd]+%k][gf\g%ad%hjaf[ahag% h]j%[ma%vfgf%[u•%\a"]j]frY%ljY%dY% [gkljmragf]%\a%mf%egZad]%]%\a%mf% aeegZad]w%eYfl]f]f\g%[ge]%[gemf]% \]fgeafYlgj]%duaeha]_g%kh]jae]flYd]% \]d%e]lYddg%]e]j_]%[`aYjYe]fl]%\YddY% [gdd]ragf]%O]_maf%af%egkljY%Y%Pgjafg-% Hu]khgkaragf]%\a%mfY%imYjYflafY%ljY%Yjj]\a% ]\%]d]e]fla%Yj[`al]llgfa[a+%af%_jYf%hYjl]% hjglglaha%g%jYja%]k]ehdYja+%g"j]%mf%nYda\g% khY[[Ylg%kmddY%hjg\mragf]%Y%lmllg%lgf\g% \a%Ljgmn 9%\Yd%lYngdg%\Y%j]^]llgjag%af% Y[[aYag%_YdnYfarrYlg%]%haYfg%af%_jYfahgda% h]j%dY%?gdgfaY%OYfalYjaY%Y%OYafl,>j naf% duK[ Yf%(0828)+%hYkkYf\g%h]j%a%eg\]dda% af%k[YdY%]%a%\ak]_fa%\]a%hjglglaha%\a% YZalYragfa+%#fg%Y%h]rra%[ge]%dY%k]\aY% kegflYZad]%?>11%%af%d]_fg+%[geh]fkYlg% [mjnYlg%]%lmZgdYja%af%Yddmeafag%(0836)% g%a%=LDM@$MIF@DF%af%Yddmeafag%j]YdarrYla% f]d%0846%h]j%d]%[gkljmragfa%af%Cmaf]Y-% BYffg%\Y%[gfljYhhmflg%Y_da%g__]lla% \a%Ljgmn %Yd[mf]%gh]j]%\uYjl]+% Yf[`u]kk]%YhhYjl]f]fla%YddY%[gdd]ragf]% \a%HYmj]f[]%]%LYlja[c%O]_maf+%khYjk]% dmf_g%ad%h]j[gjkg%]khgkalang-%E%dYngja%\a% F]Yf,Ia[`]d%>YkimaYl+%=\Ye%I[Ao]f% ]%IYj[%Cjglb`Yf+%g%ad%lYngdg%\a%Ljgmn % ljYk^gjeYlg%af%gh]jY%\uYjl]%\Y%Na[`Yj\% Ljaf[]+%duafklYddYragf]%9<>CX%\a%=d]pYf\]j% ?Yd\]j+%g"jgfg%k_mYj\a%af]\ala%kmd% jYhhgjlg%ljY%mfa[al}%\]d%_]klg%Yjlakla[g%]% k]jaYdal}%\]ddY%hjg\mragf]%af\mkljaYd]-% Bgjk]%h]j %ad%eg\g%ea_dagj]%h]j% ^Yj%\]d%lmllg%hjghjaY%dY%[gf[]ragf]% hjg_]llmYd]%]%[gkljmllanY%\a%Ljgmn +% •%]fljYj]%#ka[Ye]fl]%\]fljg%mfY%kmY% Yj[`al]llmjY-%Hug[[Ykagf]%•%g"]jlY%\YddY% egkljY%lgjaf]k]%kmddY%haklY%af%[aeY%Yd% Haf_gllg+%Yhh]fY%Yd%\a%^mgja%\]ddg%k[ja_fg% e]lYdda[g%j]YdarrYlg%\Y%N]frg%LaYfg%h]j% dY%LafY[gl][Y-%Mma+%egflYlg%\Y%imYlljg% h]jkgf]%h]j%lj]%_agjfa%[gfk][mlana%

GB<HE9L#;>K@>KHM(#<HNKM>LQ#@9E>KB>#I9MKB<D#L>@NBG

@ghg%ha %\a%\a][a%Yffa%\a%Ykk]frY+%dugh]jY% \a%F]Yf%Ljgmn %lgjfY%af%egkljY%af%ElYdaY+% Y%Pgjafg+%YddY%LafY[gl][Y%CagnYffa%]% IYj]ddY%=_f]dda-%HumdlaeY%ngdlY%]jY%klYlY% f]d%1///+%imYf\g%@gjaYfY%IYf\j]dda+% [mjYlja[]%YddY%>a]ffYd]%\a%R]f]raY%\aj]llY% \Y%IYkkaeadaYfg%BmckYk+%Yn]nY%\]\a[Ylg% YddY%hjg\mragf]%\]d%_jYf\]%hjg_]llaklY% ^jYf[]k]%mfY%k]ragf]%kh][aYd]+% jaegflYf\g%Yddu=jk]fYd]%lj]%[gkljmragfa% hj]^YZZja[Yl]%af%e]lYddg%j]YdarrYl]%\Y_da% =l]da]jk%Ljgmn %f]d%k][gf\g%\ghg_m]jjY-% HY%egkljY%Ydd]klalY%f]ddY%LafY[gl][Y% =_f]dda%addmkljY%hYjl]%\]ddY%[gdd]ragf]% \a%Yjj]\a%]%Yj[`al]llmj]%\a%F]Yf%Ljgmn % YhhYjl]f]fl]%Y%HYmj]f[]%]%LYlja[c% O]_maf+%[`]%\YdduYh]jlmjY%\]ddY%dgjg% _Ydd]jaY%Y%LYja_a%f]d%0878%`Yffg% gj_YfarrYlg%fme]jgk]%]khgkaragfa% \]\a[Yl]%Yd%hjg_]llaklY%^jYf[]k]%kh]kkg% [gfkmd]fl]%\a%_jYf\a%Yj[`al]lla+%\Y% IYj[]d%Hg\k%]\%Am_•f]%>]Ym\gmaf%Y%H]% ?gjZmka]j%]%La]jj]%F]Yff]j]l+%?`Yjdgll]% L]jjaYf\%]%C]gj_]k%?Yf\adak+%YllmYf\g% mfugh]jY%\a%n]jY%]%hjghjaY%hjgegragf]% \]ddY%[gfgk[]frY%\a%mf%h]jkgfY__ag%#fg% Y\%YddgjY%hg[g%fglg%Ya%ha IY]kljg%af\ak[mkkg%\]ddY%hjg_]llYragf]% ]%\]ddY%j]YdarrYragf]%\a%]\a#[a%]%Yjj]\a% af%e]lYddg%\]d%TT%k][gdg+%F]Yf%Ljgmn % (LYja_a+%08/0%x%JYf[q+%0873)%g[[mhY% mf%hgklg%\]d%lmllg%h][mdaYj]%f]d% hYfgjYeY%Yj[`al]llgfa[g%\]d%Jgn][]flg+% h]j%d]%\a"]j]fla%[geh]l]fr]%[`]% dY%kmY%#_mjY%ja]k[]%Y\%Ykkg[aYj]%]% h]j%ad%jmgdg%hagfa]jakla[g%kngdlg%f]ddY% e]kkY%Y%hmflg%\a%hjg[]kka%[gkljmllana% ^gf\Yla%kmddY%klYf\Yj\arrYragf]%]% kmdduaf\mkljaYdarrYragf]-%Ljgmn %fgf% %Yj[`al]llg+%f %af_]_f]j]9%dY%kmY% ^gjeYragf]%Ynna]f]%af%Zgll]_Y+%f]_da% Yl]da]j%\]_da%Yjla_aYfa%\]d%^]jjg%ZYllmlg+% \gn]%a\]Yragf]%]\%]k][mragf]%kgfg% klj]llYe]fl]%[gff]kka-%PYd]%aehgklYragf]% e]lg\gdg_a[Y+%k][gf\g%dY%imYd]%•% \mfim]%hgkkaZad]%afl]jn]faj]%kmd%hjg\gllg%

GB<HE9L#;>K@>KHM(#<HNKM>LQ#@9E>KB>#I9MKB<D#L>@NBG

%,)2!'5389>"! &)!43,7/*)!+,00)!*36758;/32,!/2!1,7)003

(gh]jYragf]%#deYlY%]%jahjg\gllY%af% mf%na\]g%MNIJ$DH$GINDIH%Ydduafl]jfg% \]ddY%egkljY)+%ka%ljgnY%ad%hjglglahg% \]ddY%IYakgf%I ljghgd]+%YZalYragf]% \a%7%p%01%e%j]YdarrYlY%[gf%]d]e]fla% af%Yddmeafag%]%ljYna%\a%^]jjg+%naf[alja[]% f]d%0837%\a%mf%[gf[gjkg%ZYf\alg%\Yd% Iafakl]jg%\]dduEkljmragf]%^jYf[]k]%h]j%dY% hjg_]llYragf]%\a%mfY%k[mgdY%jmjYd]%[gf% YZalYragf]%h]j%afk]_fYfla%jahjg\m[aZad]%af% eYkkY-%Ed%hjglglahg+%hYjla[gdYj]%knadmhhg% \]d%lahg%Y%hgjla[g%YkkaYd]%Zj]n]llYlg% \Y%Ljgmn %f]d%0828+% %j]YdarrYlg%\Ya%

CWS`#Idaghy(#LWV[S#e_a`fST[^W# [`#^WY`a#<;#..(#-503*# <a^^Wk[a`W#ESgdW`UW#W#ISfd[U]#LWYg[`# q#@S^Wd[W#ISfd[U]#LWYg[`*# 9#e[`[efdS(#CWS`#Idaghy(# FS[ea`#Fyfdaba^W#%-503#U[dUS&* B`#S^fa(#hWVgfS#VW^^S#_aefdS# 0=2!?2BB9>=6!?6A!,62=!-A>DEI$!


kmga%=l]da]jk%af%\m]%eg\]dda+%mfg%h]j% >gmim]nYd%(LYja_a)+%]%mfg+%gjY%af% egkljY%Y%Pgjafg+%Y%RYflgmp%af%Igk]dd]-% HY%[gf[]ragf]%kljmllmjYd]%•%k]ehda[]9% hYff]dda%\a%lYehgfYe]flg%YmlghgjlYfla% lahg%M<H?QD>C%(dYea]jY%\a%Yddmeafag%]% kljYlg%akgdYfl])%af[YkljYla+%afl]j[YeZaYZada% ]%[gehgfaZada%af%nYja]%kgdmragfa+%_jYra]% Yddumfa^gjeal}%\a%\ae]fkagfa%]%af_geZja-% Qf%kakl]eY%[gkljmllang%[`]%Ljgmn % hjgemgn]%klj]fmYe]fl]+%kghjYllmllg%f]a% hjaea%Yffa%\]d%k][gf\g%\ghg_m]jjY-%HY% kmY%YkhajYragf]%kYj}%lmllYnaY%\akYll]kY% \Ya%hjg_jYeea%\]ddY%ja[gkljmragf]%]% \]d%km[[]kkang%knadmhhg%af\mkljaYd]% ]\%][gfgea[g%^jYf[]k]+%daealYf\gka%Y% kh]jae]flYragfa%jYhkg\a[`]-%JgfgklYfl]% [a +%F]Yf%Ljgmn %dYk[aY%af%]j]\al}%YddY% [mdlmjY%Yj[`al]llgfa[Y%[gfl]ehgjYf]Y%mf% Yhhjg[[ag%Yd%hjg_]llg%\]d%lmllg%YllmYd]+% mfY%v#dgkg#Yw%[`]+%f]ddumfaj]%]ehajakeg% Yjla_aYfYd]%]%gj_YfarrYragf]%k[a]fla#[Y% \]d%hjg[]kkg%[gkljmllang+%_]f]jY%mfY% jY$fYlY%hg]la[Y%\]ddY%[gkljmragf]%af% e]lYddg+%[gklYfl]e]fl]%af%Zada[g%ljY% >L<ANMG<HMCDJ%]%af\mkljaY-% 3LVNLHUUD!2DTTLPQ

@PD!RDTTLQPH!RHS!5HDP!;SQVW^&! 0DN!OQELNH!DNND!FDTD&! 6D!FQNNHXLQPH!GL!6DVSHPFH! H!;DUSLFM!>HJVLP LafY[gl][Y%CagnYffa%]%IYj]ddY%=_f]dda naY%JarrY%12/.0/2+%Pgjafg 5%Yhjad]%x%7%k]ll]eZj]%1/02

IKOPNA%.%0

HE>NE

?KPK`O]]O"CK[T"K"6XVX"

G[O"\OQWKUKaSXWS

PjY%ad%05%_am_fg%]%ad%06%dm_dag%1/02%ka%•% l]fmlY%Y%?geg+%Ydd]%O]jj]%\YddY%RaddY% \]d%Cjme]ddg+%dY%egkljY%kmd%HY^Yq]ll]% LYjc%\a%@]ljgal%\a%Hm\oa_%Ia]k%nYf% \]j%Ng`]+%Hm\oa_%DadZ]jk]ae]j+%=d^j]\% ?Yd\o]dd%]%D]jZ]jl%Cj]]foYd\-%LjgegkkY% \YdduKj\af]%\]_da%=j[`al]lla%LL?%\a% ?geg+%]%kgllg%dY%\aj]ragf]%k[a]fla#[Y%\a% =\YdZ]jlg%@]d%>g+%du]khgkaragf]%jY[[gflY% ad%dYngjg%(jY[[gdlg%Yf[`]%af%mf%ngdme])% \a%mf%_jmhhg%\a%\g[]fla+%klm\]fla%]% \gllgjYf\a%\]ddY%BY[gdl}%\a%=j[`al]llmjY% ?anad]%\]d%Lgdal][fa[g% \a%IadYfg9%Y%hYjlaj]% \Y_da%mdlaea%Yffa%\]d% t8//+%ka%kgfg%\]\a[Yla% [gf%[gflafmal}%Yddg% klm\ag%\]ddua\]Y% \a%[all}%hjghgklY% \Y%DadZ]jk]ae]j% [`]%[gklalmak[]% mf%ja^]jae]flg% ka[mjYe]fl]%aehgjlYfl]%h]j%[`a%ka% g[[mhY%kaY%\]a%l]ea%\]ddY%ljYk^gjeYragf]% mjZYfY%[`]%\]ddugh]jY%\a%Ia]k%nYf%\]j% Ng`]-%@ghg%duafYm_mjYragf]%eadYf]k]% \]d%1/0/+%dY%egkljY%•%klYlY%hj]k]flYlY%Yd% LYdYrrg%N]Yd]%\a%JYhgda%]%YddY%O[mgdY%\a% =j[`al]llmjY%\a%@]d^l%]%gkhalYlY%hj]kkg%d]% k[mgd]%\a%?d]n]dYf\+%@]ljgal%]%?`a[Y_g+% \gn]%•%klYlY%]khgklY%h]j%gdlj]%mf%e]k]% f]ddY%?jgof%DYdd%\a%EEP%_jYra]%Yd%kmhhgjlg% \]ddY%Ia]k%nYf%\]j%Ng`]%Og[a]lq-%DBCB FHLMK>#+#.

4NKULO[]X"?SLO[K" KU"@K[]"NS"EX_O[O]X Bafg%Yddu7%k]ll]eZj]%1/02+%af%g[[Ykagf]% \]d%[afimYfl]kaeg%Yffan]jkYjag%\]ddY% egjl]+%ad%IYjl%\a%Ngn]j]lg%j]f\]% geY__ag%Y\%=\YdZ]jl%HaZ]jY+%mfg%ljY% a%eY__agja%]khgf]fla%\]dduYj[`al]llmjY% eg\]jfY%alYdaYfY-%Hu]khgkaragf]% -?<F=@LNI!4D=@L<% 4<!>DNNW!D?@<F@+%Y%[mjY% \a%Ja[gdY%@a%>YllaklY+%Yhhjg^gf\ak[]% dugh]jY%\]dduYj[`al]llg%lj]flafg% YlljYn]jkg%dY%k]d]ragf]%\a%Yd[mfa%hjg_]lla% ka_fa#[Ylana+%dY%[ma%d]llmjY+%af]\alY+%nmgd]% vYllmYdarrYj]%d]%eg\Ydal}%\a%^gjeYragf]% \a%mfg%klad]wIYl]jaYd]%\uYj[`anag+%\ak]_fa+%^glg_jY#]% \u]hg[Y+%hmZZda[Yragfa%]%j]dYragfa% l][fa[`]+%eY%Yf[`]%l]eh]j]%gja_afYda% ]%hjga]ragfa%na\]g+%[gklalmak[gfg%ad% ja[[g%>ILJOM%]khgkalang%\]ddY%jYkk]_fY+% km\\anakY%f]a%nYja%YeZa]fla,k]ragfa%\]ddY% egkljY-

E_T_fYS_$;U\WY_Z_c_*$ 9bSXYdUdd_$-5,5).,,0*$ EQ$bYSUbSQ$TY$e^m dQ\YQ$nQ\dbQo$ (Y%[mjY%\a%CmqY%>]jl]dda%]%IYj[g%C`adglla+% OcajY+%IadYfg+%1/02+%1/3%hh-+%18%]mjg)9% [gfljaZmla%\a%fme]jgka%\g[]fla%]%klm\agka% kmddY%#_mjY%\a%Hg\gna[g%>YjZaYfg%\a% >]d_agbgkg+%[gf%dg%k[ghg%\a%jad]__]j]%ad%kmg% Yhhgjlg%h]jkgfYd]%af%k]fg%YddY%hjg\mragf]% [gehd]kkanY%\]ddg%Olm\ag%>>LN-

FP$Ib_WUdd_$Y^dUWbQd_*$ FQbS_$PQ^ec_$TUcYW^($dUS^YSQ$ U$Y^TecdbYQ$ (Y%[mjY%\a%=dZ]jlg%>Ykka%]%H]laraY% P]\]k[`a+%I]f\jakag%=[Y\]eq%Lj]kk% ]%OadnYfYA\algjaYd]+%I]f\jakag%]%?afak]ddg% >YdkYeg+%1/02+%001%hh-+%04%]mjg)9% ad%[YlYdg_g%\]ddugegfaeY%egkljY% gj_YfarrYlY%af%g[[Ykagf]%\]d%OYdgf]% Efl]jfYragfYd]%\]d%IgZad]%1/02%hj]kkg% duKj\af]%\]_da%=j[`al]lla%LL?%\a%IadYfg-

AQRYdQd*$RYa$R_egd$TU$cdQT$+$ RYa$;eY\Tc$dXU$<Ydi$ (Y%[mjY%\a%DYfk%nYf%\]j%D]ab\]f+% Na[c%S]kk]dk+%Addak%Sgg\eYf% ]%Ol]^Yf%I dd]j+%fYa/0/%mal_]n]jk. hmZdak`]jk+%Ngll]j\Ye+%1/02+% 033%hh-+%18+4/%]mjg)9% a%Zai%klY\kgflo]jh%jYhhj]k]flYfg% gjeYa%mfY%\]dd]%j]Ydl}%Yj[`al]llgfa[`]% [gfl]ehgjYf]]%gdYf\]ka%ha %afl]j]kkYfla% af%imYflg%hgjlYlgja%\a%mf%h]fka]jg% l]gja[g%gja_afYd]%YhhjgflYlg%YddY%ja[]j[Y% \a%mfY%fmgnY%ljY\aragf]%af%Yj[`al]llmjY% \]kmflY%\Ya%j]Yda%Zakg_fa%\]dd]%h]jkgf]%]% \Yd%[gfl]klg%[aj[gklYfl]-

05/##l##.,-/

11


JYOR^`[$8N^N``['$H`RSNZVN$8aVXN' =^NZP[$CN!RV_'$C)$FN[XN$C[Z`VZV'$ G[OR^`[$DNXXV'$<Ze[$GRZ[Z' FN`^VeVN$HPNY[ZV'$BaPV[$HR^VZ[$ %IR^YVZR$QRX$YNZQN`[4$+/)+*),*+-&

6XW\^U]K"EOQSXWKUO"?XVLK[NK NOQUS"B[NSWS"NOQUS"4[MRS]O]]S"CSKWS!MK]X[S" CKO\KQQS\]S"O"6XW\O[_K]X[S G=A#!$&!&-$$&%+( ccc)N^PUV`R``VX[YON^QVN)P[Y )02;0=0;4,#$_RT^R`R^VN6P[Z_aX`N(NX)V` ';0<4/07=0#!7ZTRX[$C[Z`V$ +4.0!';0<4/07=0#$>Va_R\\R$HT^n $864=,=8!/4!';0<4/07?,#$BNa^N$8[^VNZV'$ 9N^X[_$;R$9N^bNXU['$>VNZ$BaPN$FR^VZ[``[ *0<8;40;0#$C)$<XV_NOR``N$GV\NY[Z`V$ )02;0=,;48#!=NOV[XN$C[X`RZV $87<42540;4#!FVR`^[$IV^[X['$ BNa^N$>VNZR``V'$9N^X[$KN^[XV'$ FN[X[$KRZ`a^N'$;NZVRXN$K[X\V B[NSWO"4CC6"NS"5O[QKVX G=A#!$')!&%-+$) ccc)OT)N^PUVc[^XQ)V` ';0<4/07?,!0!<02;0=0;4,#! N^PUV`R``VOR^TNY[6N^PUVc[^XQ)V`$ &718;6,?4874!>=07=4#! VZS[OR^TNY[6N^PUVc[^XQ)V`$ ';0<4/07=0#$=^NZPR_[$KNXR_VZV5$ +4.0!';0<4/07=0#!9N^X[_$CNZaRX$ >[YR_$QR$9N^bNXU[5 )02;0=,;48#!7XR__NZQ^N$=R^^N^V *0<8;40;0#!7^VNZZN$=[^R_`V$ $87<42540;4#!GRY[$9N\V`NZV['$ CN^PRXXN$;N`RV'$>Va_R\\R$A[V$;[ZN`V'$ <YVXV[$8^NVNZ$>V[OOV'$GVPPN^Q[$@ZbR^ZVeeV'$ HNZQ^N$CN^PUR_V'$7XR__NZQ^N$C[^^V'$ =RQR^VPN$D[eeN'$9UVN^N$GN!NVZV'$H`RSNZ[$ INPPUVZN^QV'$8N^ON^N$KRZ`a^V %IR^YVZR$QRX$YNZQN`[4$+,)0),*+1&$ B[NSWO"4CC6"NS"5[O\MSK G=A#!$'$!'+)%,,' ccc)O_)N^PUVc[^XQ)V` ';0<4/07?,!0!<02;0=0;4,#! N^PUV`R``VO^R_PVN6N^PUVc[^XQ)V` &718;6,?4874!>=07=4#! VZS[O^R_PVN6N^PUVc[^XQ)V` ';0<4/07=0#$FN[X[$KRZ`a^N5$ +4.0!';0<4/07=0#$>VNZS^NZP[$9NYNQVZV5$ FN[XN$=N^[ZV'$G[OR^`[$HNXR^V5 )02;0=,;48#!BNa^N$;NXl5$ *0<8;40;0#!BaVTV$HPNZeV5$ $87<42540;4#!CNa^[$7^YRXXVZV'$

B[NSWO"4CC6"NS"6XVX G=A#!$'%!&*-,$$ ccc)[^QVZRN^PUV`R``VP[Y[)V` &718;6,?4874!>=07=4#! VZS[6[^QVZRN^PUV`R``VP[Y[)V` ';0<4/07=0#!7ZTRX[$C[Z`V5$ +4.0!';0<4/07=0#!7ZTRX[$7bRQNZ[5$ )02;0=,;48#$CN^TUR^V`N$C[W[XV5 *0<8;40;0#!<Z^VP[$DNbN5$ $87<42540;4#!CN``R[$7^QRZ`R'$ 7XR__NZQ^[$8RXXVRZV'$H`RSNZVN$8[^_NZV'$ <XV_NOR``N$9NbNXXR^V'$7XR__NZQ^[$9N\\RXXR``V'$ 7XR__NZQ^N$>aNZeV^[XV'$KR^[ZVPN$C[X`RZV'$ >VNP[Y[$F[ee[XV'$H`RSNZ[$HRZRPN'$ CN^P[$=)$HVXbN'$CN^PRXX[$I[YN_V$ %IR^YVZR$QRX$YNZQN`[4$+/)-),*+.& B[NSWO"4CC6"NS"6[OVXWK" G=A#!$'+&!)')(&& ccc)N^PUV`R``VP^)V` ';0<4/07?,!0!<02;0=0;4,#! _RT^R`R^VN6N^PUV`R``VP^)V` ';0<4/07=0#$HVXbNZ[$HNZeRZV +4.0!';0<4/07=0#!9N^X[$KN^[XV5 )02;0=,;48#!7ZQ^RN$FNZQVZV5$ *0<8;40;0#$9XNaQV[$8R``VZRXXV5$ $87<42540;4#!>Va_R\\R$9[`V'$BaVTV$ 7)$=NOO^V'$C)$BaV_N$=V[^RZ`VZV'$7Z`[ZV[$ BNZeV'$CN__VY[$CN_[``V'$DaZeVN$ KNZZN$Ca_[ZV'$KVZPRZe[$ETXVN^V$ %IR^YVZR$QRX$YNZQN`[4$+/)+*),*+-&$ B[NSWO"4CC6"NS"?OMMX G=A#!$'(%!&,+%'$ ccc)[^QVZRN^PUV`R``VXRPP[)V` ';0<4/07?,"!<02;0=0;4,!0!4718;6,?4874#! [^QVZRN^PUV`R``VXRPP[6`VZ)V` ';0<4/07=0#!C)$<XV_NOR``N$GV\NY[Z`V5$ +4.0!';0<4/07=0#!FN[X[$GaTUR``[5 )02;0=,;48#!CN^P[$F[TXVNZV5$ *0<8;40;0#$KVZPRZe[$;)$H\^RN"P[5$ $87<42540;4#!;NbVQR$8R^TZN'$<Z^VP[$ 9N_`RXZa[b['$=NbV[$LNX`R^$9N``NZR['$ 7XS^RQ[$9[YOV'$>aVQ[$;R$D[bRXXV_'$ 9N^[X$C[Z`VPRXXV'$;VRT[$I[Xaee[ %IR^YVZR$QRX$YNZQN`[4$+/)+*),*+-& B[NSWO"4CC6"NS"?XNS G=A#!$'+%!('$*(' ccc)X[)N^PUVc[^XQ)V` ';0<4/07?,!0!<02;0=0;4,#!

N^PUV`R``VX[QV6N^PUVc[^XQ)V` &718;6,?4874!>=07=4#! VZS[X[QV6N^PUVc[^XQ)V` ';0<4/07=0#$BNa^N$8[^VNZV5$ +4.0!';0<4/07=0#$>Va_R\\R$G[__V5$ )02;0=,;48#$>aVQ[$HVbVR^[5 *0<8;40;0#$CN__VY[$FNbR_V5$ $87<42540;4#!FN[X[$9NYR^N'$HVY[ZR``N$ =NZSNZV'$FN[XN$C[^V'$9UVN^N$FNZVTN``N' KVZPRZe[$FaTXVRXXV %IR^YVZR$QRX$YNZQN`[4$+/)+*),*+-& B[NSWO"4CC6"NS"@KW]X_K G=A#!$'+*!'&,$,+ ccc)YZ)N^PUVc[^XQ)V` ';0<4/07?,!0!<02;0=0;4,#! N^PUV`R``VYNZ`[bN6N^PUVc[^XQ)V` &718;6,?4874!>=07=4#! VZS[YNZ`[bN6N^PUVc[^XQ)V` ';0<4/07=0#$7XR__NZQ^[$KNXRZ`V5$ +4.0!';0<4/07=4#! 9^V_`VNZ[$>aR^ZVR^V'$FVR`^[$I^V[X[5$ )02;0=,;48#$7XR__NZQ^N$=[^`aZN`V5 *0<8;40;0#$CN^VNZTRXN$>NbV[XV5$ $87<42540;4#!=^NZPR_P[$9N\\N'$7ZQ^RN$ 9N``NXNZV'$=RQR^VP[$=RQRX'$>VNZZV$>V^RXXV'$ KV``[^V[$B[ZTURa'$CN^`VZN$CNeeNXV %IR^YVZR$QRX$YNZQN`[4$/)3),*+1& B[NSWO"4CC6"NS"@SUKWX G=A#!$&!*&)'(% ccc)[^QVZRN^PUV`R``V)YV)V` ';0<4/07?,#! P[Z_VTXV[6[^QVZRN^PUV`R``V)YV)V` &718;6,?4874!>=07=4#! _RT^R`R^VN6[^QVZRN^PUV`R``V)YV)V` ';0<4/07=0#$;NZVRXN$K[X\V5$ +4.0!';0<4/07=4#$CN^P[$<ZTRX'$ =^NZP[$GNTTV5$ )02;0=,;48#$KNXR^VN$8[``RXXV5 *0<8;40;0#$7ZZNXV_N$HPNZQ^[TXV[5$ $87<42540;4#!CN^VN$BaV_N$8R^^VZV'$ CNa^VeV[$9N^[ZR_'$CNa^VeV[$;R$9N^[' G[_NZZN$>R^VZV'$FN[X[$CNee[XRZV'$7XR__NZQ^N$ CR__[^V'$<YVXV[$FVeeV'$KV`[$CNa^[$GNQNRXXV'$ 9XN^N$CN^VN$G[TZ[ZV'$7Z`[ZV[$MNZa_[$ %IR^YVZR$QRX$YNZQN`[4$-)+,),*+-& B[NSWO"4CC6"NS"@XWaK"O"NOUUK"5[SKWaK G=A#!$'-!&'$+((+ ccc)[^QVZRN^PUV`R``V)YO)V` )02;0=0;4,#! _RT^R`R^VN6[^QVZRN^PUV`R``V)YO)V` ';0<4/07=0#$=NOV[XN$C[X`RZV5$ +4.0!';0<4/07=4#!<eV[$=[Q^V'$=NOV[$HV^[ZV5$ )02;0=,;48#$CN^VN^[_N$KR^TNZV5 *0<8;40;0#$9N^X[$CN^VNZV5$

$87<42540;4#!=^NZPR_P[$8N^ON^['$ >Va_R\\R$9N\^[``V'$>Va_R\\R$<XXV'$ >V[bNZZV$FN[X[$=aYNTNXXV$ CN^`N$>NXOVN`V'$<Z^VPN$BNbReeN^V'$ 9^V_`VZN$CNTZV'$G[OR^`[$F[ee[XV'$ 8VNZPNXV_N$HRY[XV'$DVP[XN$IN`R[ %IR^YVZR$QRX$YNZQN`[4$,,)+,),*+-& B[NSWO"4CC6"NS"CK_SK G=A#!$',&!&+&,+ ccc)[^QVZRN^PUV`R``V\NbVN)V` ';0<4/07?,!0!<02;0=0;4,#! N^PUV`R``V\NbVN6N^PUVc[^XQ)V` &718;6,?4874!>=07=4#! VZS[\NbVN6N^PUVc[^XQ)V` ';0<4/07=0#!7XQ[$B[^VZV5$$ )02;0=,;48#!FN[X[$CN^PUR_V5 *0<8;40;0#!CNa^N$BRZ`V5$ $87<42540;4#!G[OR^`[$=a_N^V'$BaPN$FNTNZV'$ >VNZ$BaPN$FR^VZ[``['$FN[X[$F[XX[ZV'$ B[^R``N$GVee[``V'$>V[^TV[$I[TZ[Z'$ 7XR__NZQ^[$I^RbV_NZ'$7ZQ^RN$KNPPN^V$ %IR^YVZR$QRX$YNZQN`[4$,)3),*+1& B[NSWO"4CC6"NS"FXWN[SX G=A#!$'(&!)%(,*( ccc)_[)N^PUVc[^XQ)V` ';0<4/07?,!0!<02;0=0;4,#! N^PUV`R``V_[ZQ^V[6N^PUVc[^XQ)V` &718;6,?4874!>=07=4#! VZS[_[ZQ^V[6N^PUVc[^XQ)V` ';0<4/07=0#!>Va_R\\R$HT^n5$ KVPR$F^R_VQRZ`R4$>V[bNZZV$KNZ[V5$ )02;0=,;48#$7a^RXV[$KNXRZ`V5 *0<8;40;0#!9XNaQV[$8[`NPPUV5$ $87<42540;4#!CN^P[$;RX$DR^['$ 7ZQ^RN$=[^ZV'$CN^P[$>UVX[``V' 9N^X[$Ca^T[X['$DVP[XN$H`RSNZRXXV$ %IR^YVZR$QRX$YNZQN`[4$+/)+*),*+-& B[NSWO"4CC6"NS"IK[O\O G=A#!$''&!,%&*$% ccc)[^QVZRN^PUV`R``VbN^R_R)V` ';0<4/07?,#! \^R_VQRZ`R)bN^R_R6NcZ)V` )02;0=0;4,#! VZS[bN^R_R6NcZ)V` ';0<4/07=0#$BNa^N$>VNZR``V5$ )02;0=,;48#$CN``R[$HNPPUR``V5$ *0<8;40;0#!<YNZaRXR$8^NeeRXXV5 $87<42540;4#$BaPN$8R^`NTZ[Z'$CN^VN$ 9UVN^N$8VNZPUV'$GVPPN^Q[$8XaYR^'$9XNaQV[$ 9N_`VTXV[ZV'$$H`RSNZ[$9N_`VTXV[ZV'$7QN$ ;ROR^ZN^QV'$7XOR^`[$;f<XVN'$CN``VN$=^N__[Z'$ @XN^VN$>[^XN'$9N^XN$>)$C[^R``V'$>Va_R\\R$ H\R^[ZV'$H`RSNZ[$KR^[ZR_V$ %IR^YVZR$QRX$YNZQN`[4$+/)+*),*+-&

?=471>?=-61 04 4829=7-C4981 =>@EB#9K<ABM>MMB#IB9GB?B<9MHKB I9>L9@@BLMB >#<HGL>KO9MHKB#EHF;9K=B

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

12

05/##l##.,-/




Turn static files into dynamic content formats.

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