Revista Argi Castilla y León nº 46

Page 1

! Ý

-B DMBWF FTU FO FM UFSSJUPSJP

B BHFOEB DVMUVSBM Z EF PDJP EF $BTUJMMB Z -F³O TF FODVFOUSB QMBHBEB EF SFDMBNPT NFSDFE B MB JSSVQDJ³O EF MB QSJNBWFSB MB JOBVHVSBDJ³O EF VOB OVFWB NVFTUSB EF -BT &EBEFT EFM )PNCSF MB DFMFCSBDJ³O EFM %­B EF MB $PNVOJEBE Z TPCSF UPEP MB DJUB DPO MB 4FNBOB 4BOUB -B JNQPS UBODJB EF DBEB VOP EF FMMPT KVTUJGJDB VO BO¡MJTJT EFUBMMBEP EF TV SFMFWBODJB TPDJBM Z DVMUVSBM Z TV DPJODJEFODJB FO FM DBMFOEBSJP PCMJHB B RVF MB SFWJTUB "3(* TBMHB B MB DBMMF DPO VO DPOUFOJEP FTQFDJBMNFOUF WPMDBEP DPO MB DVM UVSB Z MB FUOPHSBG­B DPO FM GFO³NFOP EF MB SFMJHJ³O Z DPO MB IJTUPSJB

$BNQP DBVTBEP QPS MPT SFBMJTUBT QBSB SFOEJS MB DJVEBE RVF TF OFHBCB B FOUSFHBS TVT DB±POFT QBSB TPNFUFS B 4FHPWJB : RV© EFDJS EFM $FOUSP &YQPTJUJWP 30. RVF GPSNB QBSUF EF MB MBCPS EJWVMHBUJWB EFTBSSPMMBEB EFTEF "HVJMBS EF $BNQPP QPS MB 'VOEBDJ³O 4BOUB .BS­B MB 3FBM EFM 1BUSJNPOJP )JTU³SJDP &M

&T UJFNQP EF QSPDFTJPOFT QFSP UBN CJ©O FT UJFNQP EF JOOPWBDJ³O Z BT­ MP QPOF EF NBOJGJFTUP FM QSPHSBNB EF FYQFSJFODJBT UVS­TUJDBT EJTF±BEP QPS MB +VOUB EF $BTUJMMB Z -F³O DPO VO UPUBM EF QSPQVFTUBT RVF EFNVFT USBO MB WFSTBUJMJEBE EF OVFTUSP TFDUPS UVS­TUJDP %F GPSNB QBSBMFMB MB $POTFKFS­B EF $VMUVSB Z 5VSJTNP IB EJTF±BEP VO QSPHSBNB HMPCBM QBSB MB DFMFCSBDJ³O EFM RVJOUP DFOUFOBSJP EFM OBDJNJFOUP EF 5FSFTB EF +FTºT RVF DPNQSFOEF MB DFMFCSBDJ³O EF FWFOUPT Z EJGFSFO UFT BDUVBDJPOFT FO FM QBUSJNPOJP UFSF TJBOP -B JOWFSTJ³O TF TJUºB FO UPSOP B MPT TFJT NJMMPOFT EF FVSPT RVF QBSB MB DPOTFKFS­B FTU¡ N¡T RVF KVTUJGJDBEB QPS FM JNQPSUBOUF SFUPSOP FDPO³NJDP RVF MB DPONFNPSBDJ³O UFOES¡ QBSB WJMB Z QBSB MB DPNVOJEBE -B WJODVMBDJ³O FOUSF QBUSJNPOJP UVSJTNP Z EFTBSSPMMP UBNCJ©O TF EB FO FTUBT GFDIBT FO UPSOP B MB DPMFHJBUB EF 7BMQVFTUB FO MB DPNBSDB EF MBT .POBTUFSJP EF 4BOUB .BS¬B MB 3FBM FO "HVJMBS EF $BNQPP *NBHFO $¨TBS EFM 7BMMF .FSJOEBEFT DPO VOB NVFTUSB RVF TF EFTBSSPMMB FO FM CVSHBM©T 1BMBDJP EF MB *TMB BCJFSUB B PUSPT EFTUBDBEPT FMF SFDPSSJEP RVF PGSFDFO FTUBT Q¡HJOBT TJSWF QBSB NFOUPT QBUSJNPOJBMFT DPNP 4BO 4BMWBEPS EF 0±B P FM .POBTUFSJP EF 4BO BSSPKBS MV[ TPCSF FM BSUF DPO NBZºTDVMBT RVF TF 1FESP EF $BSEF±B 6OB PDBTJ³O QBSB EFTQBSSBNB B MP MBSHP EF SFDPSEBS TJO CVTDBS QPM©NJDBT DPO PUSBT UFNQMPT EF MB BOUJHVB DPNVOJEBEFT BVU³OPNBT RVF FM QSJNFS >Ê>}i `>ÊVÕ ÌÕÀ> Ê`iÊ >ÃÌ >ÊÞÊ i .FSJOEBE EF "HVJMBS SFQBS EPDVNFOUP FTDSJUP FO MFOHVB DBTUFMMBOB UJEB FOUSF MBT BDUVBMFT QSPWJO TF FODVFOUSB FO $BTUJMMB Z -F³O `i ÕiÃÌÀ>ʵÕiÊ ÊiÃÊ iViÃ>À ÊÛ > >À DJBT EF $BOUBCSJB #VSHPT Z 1BMFODJB 5PEPT MPT FKFNQMPT iÃÊ`iÊ iÌÀ ÃÊ«>À>ÊÛ Û ÀÊ 5BNCJ©O DPOTUJUVZF VO JNQPSUBOUF EF MPT RVF TF IBDF FDP FTUF SFDVSTP UVS­TUJDP BVORVF EFTBQSPWFDIB OºNFSP EF "3(* WVFMWFO B iÝ«iÀ i V >ÃÊ ÀÀi«iÌ L ià EP FM NPWJNJFOUP DPNVOFSP NVZ DFSDB EFNPTUSBS RVF OP FT OFDFTB ZB EF DVNQMJS MPT DJODP TJHMPT Z RVF FO SJP WJBKBS NJMFT EF LJM³NFUSPT FTUB PDBTJ³O SFDVQFSBNPT SFDPSEBOEP VO FQJTPEJP QPDP DPOPDJEP MB CBUB QBSB WJWJS FYQFSJFODJBT JSSFQFUJCMFT -B DMBWF FTU¡ MMB DBNQBM RVF WJWJFSPO MBT DBMMFT EF 4FHPWJB Z FM JODFOEJP EF .FEJOB EFM FO MP RVF OPT SPEFB FO FM UFSSJUPSJP

±±± 9 hm W

8* , * , Ê-1 , ,- Ê -/ Ê 9Ê $ 3FQBTBNPT MBT QSPDFTJPOFT N¡T EFTUBDBEBT Z MBT QSP QVFTUBT EF UVSJTNP OBUVSBM Z GBNJMJBS RVF TVNBO JOOPWB DJ³O B MPT WBMPSFT EF TJFN QSF 1¡HT

%JSFDUPS

. YJNP (²NF[ Ý 0Ý 1

3FEBDUPS +FGF

3JDBSEP 0SUFHB Ý 0Ý 1

3FEBDDJ²O

"MGSFEP "MMFOEF $SJTUJOB .BSU¬O

Ê ]

" Ê Ê , , Ê* , Ê6Ê / , " %PT QFSTPOBMJEBEFT TJOHVMBSFT Z VO DPODFQUP FMFWBEP EFM QSPEVDUP FO VO SFTUBVSBOUF RVF FT VO FNCMFNB Z VO NJSBEPS B MB NVSBMMB EF WJMB 1¡HT

1 Ê6 / ,/ Ê ," "Ê Ê 1 , - "6 Ê9Ê

Ê *"]Ê , -Ê *",Ê Ê 1 "Ê -B SB[³O EF RVF MB DJVEBE EFM &SFTNB EFEJRVF B .FEJOB VOB EF TVT QMB[BT N¡T TF±BMBEBT 1¡HT

&M DFOUSP NVTF­TUJDP 30. PGSFDF MBT DMB WFT QBSB DPNQSFOEFS Z TFOUJS VO SPN¡OJDP UBSE­P RVF TF FYUJFO EF QPS JHMFTJBT EF #VSHPT $BOUBCSJB Z 1BMFODJB 1¡HT

Ý 0Ý 1

%JTF°P Z .BRVFUBDJ²O

&OSJRVF -PSFO[P Ý Ý 0Ý 1

$PMBCPSBO FO FTUF O¹NFSP

+VMJP 7BMMFT $IFMP .J°BOB &TNFSBMEB (BSD¬B "MCFSUP )FSSFSBT +BWJFS #VSSJF[B Z (PO[BMP 4BOUPOKB "ENJOJTUSBDJ²O Z TVTDSJQDJPOFT

3BRVFM 3PME O

0Ý 1

1VCMJDJEBE

&MJTBCFU .BSU¬O Z &NJMJP (PO[ MF[ Ý 0Ý 1

*NQSFTJ²O

ÃÊÃÕ iÀ} ÃÊi Ê >ÊÖ V>ÊL `i}>Ê«> i Ì >Ê`iÊ >Ê "Ê }> ià -B CPEFHB 3FNJHJP EF 4BMBT +BM³O EFGJFOEF TV WJTJ³O USBEJDJPOBM EFM SPTBEP EFTEF MPT NBKVFMPT EFM $FSSBUP QBMFOUJOP 1¡H

·* ÀʵÕjÊÛ> ÃÊ ?ÃÊ>Ê ÃÊÀiÃÌ>ÕÀ> ÌiÃÊ` `iÊ i ÀÊ ÃÊÌÀ>Ì> ¶Ê +VMJP 7BMMFT OPT EFTWFMB MPT TFDSFUPT EF VO CVFO TFSWJDJP FO TBMB Z BEWJFSUF FM FNQSFTBSJP RVF OP DPOUSBUB FM QFSTPOBM BEFDVBEP QVFEF BCPDBS TV OFHPDJP BM DJFSSF 1¡H

ÃÊV>ÀÌÕ >À ÃÊ`iÊ6> «ÕiÃÌ>]Êi Ê«À iÀÊi i « Ê`iÊV>ÃÌi > ÊiÃVÀ Ì -PT EPDVNFOUPT IBMMBEPT FO MB DPMFHJBUB EF MB MPDBMJEBE CVSHBMFTB TPO VO TJHMP N¡T BOUJHVPT RVF MBT HMPTBT FNJMJBOFOTFT EF 4BO .JMM¡O EF MB $PHPMMB 1¡HT

*NQSFOUB .BBT %JTUSJCVDJ²O

#51 &EJUB

"ENJOJTUSB "HSP T M & Ý1 )Ý $ ¦ 9 T1 * Ý [QGH[ #Ý Ý MOT TO QI \O

1Ý 1

1 Ý 1 R Ý 1 1 R- Ý / Ý # >QHG>IGGQ Ý IGH\

?ÃÊ> ?Ê`iÊ-> Ì>Ê/iÀiÃ> +VOUP B MB NVSBMMB EF WJMB FM $FOUSP EF *OUFSQSFUBDJ³O EFM .JTUJDJTNP EFNVFTUSB RVF FTUF GFO³NFOP USBTDJFOEF MPT M­NJUFT RVF JNQPOFO FM DSFEP Z MB HFPHSBG­B 1¡HT

'PUP EF QPSUBEB /PSCFSUP $BCF[BT

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

6OB NBHO¬GJDB FTUBNQB EF MB 4FNBOB 4BOUB FO MB DJVEBE EFM 5PSNFT

5SBEJDJ²O BSUF Z GFSWPS Ê«À V «> Ê>V ÌiV i Ì ÊÀi } à ]ÊÌÕÀ ÃÌ V ÊÞÊVÕ ÌÕÀ> Ê`iÊ >ÃÌ >ÊÞÊ i Ê>ÌÀ>iÊ>Ê iÃÊ`iÊ «iÀà >ÃʵÕiÊ`iÃi> Ê`iÃVÕLÀ ÀÊV ÊÃiÊÛ ÛiÊÞÊÃiÊà i ÌiÊ >Ê-i > >Ê-> Ì>Êi Ê >ÃÊV> iÃÊ`iÊ >à «À V «> iÃÊ V> `>`iÃ]Ê Õ `>`>ÃÊ« ÀÊi Êà i V ÊÞÊi ÊviÀÛ ÀÊ`iÊÌ ` ÊÕ Ê«ÕiL

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

$SJTUJOB .BSU¬O

1SPDFTJ²O EF +VFWFT 4BOUP FO 7BMMBEPMJE EFTEF MB $BUFESBM

O UPSOP B MB NVSBMMB NFEJFWBM EF WJMB USBOTDVSSF FM USBEJ DJPOBM 7­B $SVDJT EF 1FOJUFODJB VOP EF MPT BDUPT EFTUBDB EPT EF MB 4FNBOB 4BOUB MPDBM $PNJFO[B FO MB NBESVHBEB EFM 7JFSOFT 4BOUP SFDPSSJFOEP FM DBTDP BOUJHVP EF MB DJVEBE IBTUB MMFHBS B MB $BUFESBM DPO MB NBHO­GJDB JNBHFO EFM $SJTUP EF MPT "KVTUJDJBEPT VOB UBMMB EFM TJHMP 97* RVF EFTQJFSUB FM GFSWPS FOUSF MPT DPGSBEFT Z UPEPT BRVFMMPT RVF TJFOUFO MB 1BTJ³O EF MB 4FNBOB 4BOUB

!

FOUSF PUSBT MB 1SPDFTJ³O (FOFSBM EFM 4JMFODJP B MB RVF BDVEFO UPEBT MBT DPGSBE­BT NFEJOFOTFT DPO TVT QBTPT .FEJOB EF 3JPTFDP TF NVFWF BM UPRVF EFM QBSEBM FM TPOJEP N¡T DBSBDUFS­TUJDP EF TV 4FNBOB 4BOUB RVF SFDPSSF MBT DBMMFT TPQPSUB MBEBT EF FTUB MPDBMJEBE RVF TJHVF VOB USBEJ DJ³O DFOUFOBSJB &M %FTGJMF EF MPT (SFNJPT FM +VFWFT Z FM 7JFSOFT 4BOUP Z MB TBMJEB EF MPT 1BTPT (SBOEFT FO MB QSPDFTJ³O EFM %PMPS FO MB JHMFTJB EF 4BOUB .BS­B EF .FEJBWJMMB GPS NBO QBSUF EF MBT QSPDFTJPOFT N¡T EFTUBDBCMFT EF MB DJVEBE EF MPT "MNJSBOUFT

-B 1BTJ³O EF MB 4FNBOB 4BOUB OP TF QPES­B FOUFOEFS TJO 7BMMBEPMJE TJO FTUB DJVEBE DVZB USBEJDJ³O BSUF Z FNPDJ³O SFºOFO DBEB B±P B NJMFT EF WJTJUBOUFT RVJFOFT EFTDV CSFO MB FNPDJ³O EFM TJMFODJP FO MBT DBMMFT WBMMJTPMFUBOBT MB GF Z FM TFOUJNJFOUP EF TVT DPGSBEFT RVF QPSUBO B TVT IPNCSPT MBT NFKP SFT UBMMBT EF MB JNBHJOFS­B DBTUFMMBOB EF MPT TJHMPT 97* Z 97** -B IJTU³SJDB 1MB[B .BZPS EF MB )JTQBOJEBE EF .FEJOB EFM $BNQP FT FM FTDFOBSJP QSJODJQBM EF MPT BDUPT EF TV 4FNBOB 4BOUB EF *OUFS©T 5VS­TUJDP *OUFSOBDJPOBM Z FM MVHBS EPOEF UJFOF MVHBS MB QPQVMBS DPODFOUSBDJ³O EF QBTPT EVSBOUF MB OPDIF EFM +VFWFT 4BOUP FO MB QSPDFTJ³O EF MB 7FSB $SV[ 4VT QSPDFTJPOFT RVF TF FODVFOUSBO FOUSF MBT N¡T BOUJHVBT EF &TQB±B DPOHSFHBO B DFOUFOBSFT EF QFSTPOBT RVF DPOUFNQMBO

±±± 9 hm W

5 Ý Ý 5Ý Ý

-PT DPGSBEFT P ƆQBQPOFTƇ EF MB 4FNBOB 4BOUB EF -F³O SFDPSSFO MBT DBMMFT EF TV DJVEBE KVOUP B MBT UBMMBT EF JNBHJOFSPT DPNP +VBO EF +VOJ (SFHPSJP 'FSO¡OEF[ -VJT 4BMWBEPS P 7­DUPS EF MPT 3­PT 6OB EF MBT FTUBNQBT N¡T DBSBDUFS­TUJDBT EF MB 4FNBOB 4BOUB OP TPMP EF $BTUJMMB Z -F³O TJOP UBNCJ©O EF &TQB±B FT MB QSPDFTJ³O EF -PT >Ê-i > >Ê-> Ì>Ê`iÊ£Ó 1BTPT RVF B MP MBSHP EFM 7JFSOFT 4BOUP Z EVSBOUF WBSJBT IPSBT FNPDJPOB B VO QºCMJDP V> `>`iÃÊiÃÊ`iÊ ÌiÀjà FYQFDUBOUF FO TJMFODJP Z BENJSBEP QPS FM GFS WPS SFMJHJPTP EF UPEB VOB DJVEBE ÌiÀ >V > ÊÞÊ >V >

-B 4FNBOB 4BOUB EF 1BMFODJB BUFTP SB VO JNQPSUBOUF WBMPS BSU­TUJDP Z DVMUVSBM TJFOEP SFMFWBOUF EVSBOUF FTUPT E­BT EF DFMFCSBDJ³O FM "DUP EF 7FTUJDJ³O FM -VOFT 4BOUP FO MB 1MB[B .BZPS EPOEF VO TBDFSEPUF FYQMJDB MBT QJF[BT DPO MBT RVF TF WJTUF FM DPGSBEF NJFO USBT FM .BSUFT 4BOUP EFTDVCSF BM UVSJTUB FO MB 1MB[B EF MB *ONBDVMBEB FM "DUP EFM 1SFOEJNJFOUP

4BMBNBODB DJVEBE 1BUSJNPOJP EF MB )VNBOJEBE QSFTFOUB VOB NPOVNFOUBM 4FNBOB 4BOUB FO MB RVF UBMMBT DPO TJHMPT EF IJTUPSJB TF VOFO FO MBT CFMMBT DBMMFT B MBT DPGSBE­BT RVF QPSUBO TVT QBTPT DPO VO TPCSF DPHFEPS GFSWPS &OUSF MPT BDUPT N¡T TPMFNOFT TF FODVFOUSB MB QSPDFTJ³O EF MB )FSNBOEBE EFM $SJTUP EFM "NPS Z EF MB 1B[ DFMFCSBEB FM

-B 1SPDFTJ²O EF -PT 1BTPT EF -F²O 'PUPHSBG¬B /PSCFSUP $BCF[BT

+VFWFT 4BOUP RVF SFBMJ[B VOB PSBDJ³O Z VO BDUP QFOJUFODJBM FO FM BUSJP EF MB $BUFESBM /VFWB -B 4FNBOB 4BOUB [BNPSBOB EFDMBSBEB FTUF B±P #JFO EF *OUFS©T $VMUVSBM EF DBS¡DUFS JONBUFSJBM WJWF DPO HSBO JOUFOTJEBE MB 1BTJ³O USBOTNJUJEB EF HFOFSBDJ³O FO HFOFSBDJ³O FOUSF TVT WFDJOPT Z QFSNJUJFOEP B MPT WJBKFSPT EJTGSVUBS EF HSBOEFT NPNFOUPT DPNP MB TBMJ EB EFM QBTP DPOPDJEP QPQVMBSNFOUF DPNP Ɔ$JODP EF $PQBTƇ FO MB NBESVHBEB EFM 7JFSOFT BM TPO EF MB .BSDIB EF 5IBMCFSH P FM +VSBNFOUP EFM 4JMFODJP Z MB QSPDFTJ³O EF MBT $BQBT 1BSEBT FO MB OPDIF EFM .J©SDPMFT 4BOUP

MVHBS FO MB UBSEF OPDIF EFM +VFWFT 4BOUP FO MB QMB[B EFM 3FZ 4BO 'FSOBOEP $FOUFOBSFT EF QFSTPOBT BTJTUFO B FTUF Z BM SFTUP EF BDUPT QBSB WJWJS VOB 4FNBOB 4BOUB EJGFSFOUF EPOEF FM BSUF Z MB DVMUVSB FTU¡O QSF ÓÈä°äääÊÛ > iÀ ÃÊi } i TFOUFT FO DBEB SJOD³O EF MB DJVEBE

À Ê >Ê-i > >Ê-> Ì>Ê`i

>ÃÌ >ÊÞÊ i Êi ÊÓä£{

"TUPSHB MB DBQJUBM EF MB .BSBHBUFS­B DFMFCSB TV 4FNBOB 4BOUB EF *OUFS©T /BDJPOBM FMJHJFOEP DPNP FTDFOBSJPT QSJODJQBMFT TV QPS UFOUPTB $BUFESBM Z FM 1BMBDJP &QJTDPQBM EPOEF TF EFTBSSPMMBO MPT BDUPT EF MB 1BTJ³O &O FMMB EFTUBDBO FTQFDJBMNFOUF MB 1SPDFTJ³O EFM 4JMFODJP FO MB OPDIF EFM +VFWFT 4BOUP Z B MB NB±BOB TJHVJFO UF FO TV 1MB[B .BZPS MB $BSSFSB EF 4BO +VBO­O VOB DFMFCSBDJ³O NVZ BQSFDJBEB QPS MPT WFDJOPT EF UPEB MB DPNBSDB Z FO MB RVF FM QBTP DPO MB JNBHFO EF 4BO +VBO TF BQSFTVSB B DPNVOJDBS B MB 7JSHFO EF MPT %PMPSFT MB NVFSUF EF TV IJKP -B DBQJUBM CVSHBMFTB WJWF DPO BVU©OUJDP GFSWPS TV 4FNBOB 4BOUB Z MPT 7­B $SVDJT Z 3PTBSJPT EF MBT KPSOBEBT EF -VOFT .BSUFT Z .J©SDPMFT 4BOUP TPO FM QSFMVEJP QBSB MPT JOUFOTPT E­BT DFOUSBMFT FO MPT RVF MB 1BTJ³O TF SFQSFTFOUB DPO MBT QPQVMBSFT QSPDFTJPOFT Z MBT DFMFCSBDJPOFT EF MPT 4BOUPT 0GJDJPT FO MB $BUFESBM MB HSBO KPZB EF MB DJVEBE Z VOB EF MBT N¡T TJHOJGJDBUJWBT EF MB 3VUB +BDPCFB BEFN¡T EF TFS MB ºOJDB EFDMBSBEB 1BUSJNPOJP EF MB )VNBOJEBE QPS MB 6OFTDP %FTUBDB FOUSF MBT QSPDFTJPOFT EF #VSHPT FM &ODVFOUSP EF +FTºT DPO MB $SV[ B DVFTUBT Z /VFTUSB 4F±PSB EF MPT %PMPSFT RVF UJFOF

-B #BKBEB EFM OHFM EF 1F±BGJFM FT ZB UPEP VO SFGFSFOUF EF MB 4FNBOB 4BOUB EF $BTUJMMB Z -F³O RVF UJFOF MVHBS FM %PNJOHP EF 3FTVSSFDDJ³O FO MB QPQVMBSNFOUF DPOPDJEB 1MB[B EFM 7JFKP $PTP VO FTQBDJP DBSHBEP EF USBEJDJ³O EPOEF TF SFºOFO DBEB B±P WBSJPT DFOUFOBSFT EF QFSTPOBT QBSB BTJTUJS B VO NPNFOUP ºOJDP FO FM RVF VO OJ±P WFTUJEP EF ¡OHFM EFTDJFOEF QBSB RVJUBS FM WFMP OFHSP RVF DVCSF B MB 7JSHFO 5FOJFOEP DPNP GPOEP VOB NBHO­GJDB WJTUB EFM DBTUJMMP EF 1F±BGJFM MPT UVSJTUBT QVFEFO EJTGSVUBS EF VOPT E­BT FO QMFOB 3JCFSB EF %VFSP EFHVT UBOEP VOB SJDB HBTUSPOPN­B Z DPOPDJFOEP TV FOUPSOP OBUVSBM FO MB DPOGMVFODJB FOUSF MPT S­PT %VFSP Z %VSBU³O

-B 4FNBOB 4BOUB EF 1POGFSSBEB EFDMBSBEB SFDJFOUFNFOUF EF *OUFS©T 5VS­TUJDP /BDJPOBM SFHBMB BM WJTJUBOUF VOPT E­BT EF 1BTJ³O FO TVT FODMBWFT N¡T U­QJDPT DPNP MB #BT­MJDB EF MB &ODJOB MB 5PSSF EFM 3FMPK MB DBMMF FM 1BSBJT­O P FM $BTUJMMP EF MPT 5FNQMBSJPT UFTUJHPT EF MBT QSP DFTJPOFT N¡T JNQPSUBOUFT EF MB 4FNBOB 4BOUB MPDBM -B )FSNBOEBE EF +FTºT /B[BSFOP DVFOUB DPO QBTPT QSPDFTJPOBMFT TJFOEP NVZ BQSFDJB EPT QPS MPT EFWPUPT FM /B[BSFOP Z /VFTUSB 4F±PSB EF MB 4PMFEBE

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

9 Wv9z9 9z£9

$POFDUBEPT B MB 4FNBOB 4BOUB $SJTUJOB .BSU¬O

>ÃÊ«À V «> iÃÊV>« Ì> iÃÊÞÊ«À Û V >ÃÊië> >ÃÊ` ë i Ê`iÊ>« V>V iÃÊ Û iÃʵÕiÊ>ViÀV> Ì ` ÃÊ ÃÊ`iÌ> iÃÊ`iÊ >Ê-i > >Ê-> Ì>Ê> ÊÛ > iÀ Ê`iÊv À >ÊV `>Ê>ÊÌÀ>ÛjÃÊ`iÊ Û Ê ÊÌ>L iÌ°

>ÃÌ >ÊÞÊ i ÊÌ> L j ÊVÕi Ì>ÊV ÊÛ>À >ÃÊ>««ÊµÕiÊ`iÃVÕLÀi Ê Ê i ÀÊ`iÊÃÕÊ-i > >Ê-> Ì>°Ê FTVMUB DBTJ JNQFOTBCMF EFTQFHBSTF EFM N³WJM DBEB E­B Z QPS FTP ZB TF IB DPOWFSUJEP FO VOB EF MBT QSJODJQBMFT IFSSB NJFOUBT EF JOGPSNBDJ³O TPCSF MP RVF TVDFEF FO DVBMRVJFS QBSUF EFM NVOEP (SBDJBT FO CVFOB NFEJEB BM VTP EF BQMJDBDJP OFT N³WJMFT FM VTVBSJP FTU¡ BM UBOUP QPS FKFNQMP EF MBT ºMUJNBT OPUJDJBT B USBW©T EFM QFSJ³EJDP P EFTDVCSF MP N¡T JOUFSFTBOUF BDFSDB EF BDPOUFDJNJFOUPT Z DFMFCSBDJPOFT EF JOUFS©T DPNP FT MB 4FNBOB 4BOUB EF $BTUJMMB Z -F³O UPEP VO SFGFSFOUF DVMUVSBM Z SFMJHJPTP RVF UBNQPDP FTDBQB B MB NPEB EF MBT OVFWBT UFDOPMPH­BT

-

-B JEFB EF DSFBS BQMJDBDJPOFT N³WJMFT QBSB JOGPSNBS EF UPEP MP SFMBDJPOBEP DPO MB 4FNBOB 4BOUB EF VO NVOJDJQJP FT SFMBUJWBNFOUF OVFWB ZB RVF DPNFO[BSPO B EFTBSSPMMBSTF IBDF UBO TPMP USFT B±PT BQSPYJNBEBNFOUF DPO FM GJO EF MMFHBS B UPEP UJQP EF QºCMJDP Z QPS TVQVFTUP FTUBS B MB ºMUJ NB "IPSB TF IB DPOWFS UJEP FO UPEP V O

&TUBT BQMJDBDJPOFT SFTVMUBOUF NVZ ºUJMFT QBSB MPT WJBKFSPT RVF RVJFSFO EFTDVCSJS QPS QSJNFSB WF[ MB 4FNBOB 4BOUB EF VOB MPDBMJEBE BT­ DPNP FODPOUSBS MPT NFKPSFT BMPKBNJFO UPT Z SFTUBVSBOUFT QBSB EJTGSVUBS BºO N¡T EF MB FYQFSJFODJB 5BNCJ©O TPO D³NPEBT QBSB UPEPT BRVFMMPT RVF ZB IBO WJWJ EP FM GFSWPS SFMJHJPTP FO DJVEBEFT DPNP 7BMMBEPMJE #VSHPT -F³OƑ BM NFOPT VOB WF[ Z EFDJEFO SFQFUJS VOB FTDBQBEB ºOJDB &O N¡T EF UVSJT UBT MMFHBSPO B $BTUJMMB Z -F³O QBSB WJWJS MB 1BTJ³O EF VOB 4FNBOB 4BOUB RVF TF FODVFOUSB QPTJDJPOBEB B OJWFM OBDJPOBM FOUSF MPT FTDBMPOFT N¡T BMUPT ZB RVF DVFO UB DPO PDIP EF MBT GFTUJWJEBEFT FTQB±PMBT EFDMBSBEBT EF *OUFS©T 5VS­TUJDP *OUFSOBDJPOBM UPEP VO MVKP RVF BEFN¡T BUSBF B VO HSBO OºNFSP EF WJBKFSPT FYQFDUBOUFT QPS TBCFS N¡T EF FTUB USBEJDJ³O

ƆCPPNƇ Z MBT QSJODJQBMFT DJVEBEFT FTQB±PMBT ZB DVFO UBO DPO VOB BQQ QFSTPOBMJ[BEB FO MB RVF TF FYQMJDB BM EFUBMMF D³NP FT TV 4FNBOB 4BOUB $BTUJMMB Z -F³O UBNCJ©O RVJTP TVNBSTF BM SFTUP EF DPNVOJEBEFT Z EFTEF IBDF WBSJPT B±PT EFTBSSPMMB EJGFSFOUFT BQQ B USBW©T EF BZVOUBNJFOUPT Z EJQVUB DJPOFT RVF QFSNJUFO EFTDVCSJS MBT DVSJPTJEBEFT F IJTUPSJB EF MB 4FNBOB 4BOUB FO FM NVOJDJQJP DV¡M

TFS¡ FM IPSBSJP EF MBT QSPDFTJPOFT VO DBMMFKFSP DPNQMFUP EF MB DJVEBE QBSB DPOPDFS QPS RV© DBMMFT Z QMB[BT QSPDFTJPOBS¡O MPT QBTPT F JODMVTP BDDFEFS B MB JOGPSNBDJ³O NFUFPSPM³HJDB EF DBEB E­B QBSB BCSJHBSTF N¡T P NFOPT P RVJ[¡ DPHFS FM QBSBH¼BT

-B NBZPS QBSUF EF MBT BQQ TF FODVFOUSBO EJTQP OJCMFT UBOUP QBSB EJTQPTJUJWPT "OESPJE DPNP J04 DPO FM GJO EF GBDJMJUBS BM VTVBSJP TV EFTDBS HB Z VTP FO DVBMRVJFS EJTQPTJUJWP

À>À ÃÊ`iÊ«À Vià iÃ] V> i iÀ ]Ê`>Ì ÃÊ`iÊV vÀ>` >Ã] µÕjÊÌ i « Ê >À?°°°

b9OWF}}s O}v W°m £9×)

"T­ N³WJMFT Z UBCMFUT GPSNBO QBSUF ZB EF MB SVUJOB EJBSJB UBOUP EF QSPGFTJPOBMFT DPNP EF DJVEBEBOPT EF B QJF RVF FTDP HFO FTUB IFSSBNJFOUB DPNP VO NFEJP EF DPNVOJDBDJ³O N¡T QBSB FTUBS DPOFDUBEPT DPO BRVFMMP RVF N¡T MFT JOUFSFTB

£±m££W O}v W°m £9×)

2Ý Ý

-i > >Ê-> Ì>Ê`iÊ >ÃÊ ÕiÛi «À Û V >ÃÊ`iÊ >Ê Õ `>`°ÊÊ

¼ Þ Ê*À Vià ½ÊiÃÊ >Ê>« V>V Ê Û Ê v V > Ê`iÊ > Õ Ì>Ê`iÊ >ÃÌ >ÊÞÊ i ] Õ >Ê iÀÀ> i Ì>Ê` ë L i Ì> Ì Ê«>À>Ê` ë Ã Ì Û Ã `À `ÊV Ê "ÃʵÕiÊ>}ÀÕ «>ÊÌ `>Ê >Ê v À >V Ê`i ÌiÀjÃÊ«>À>ÊVÕ> µÕ iÀÊÛ > iÀ µÕiÊiÃV }iÊ> }Õ Ê`iÊ Ã «Õ Ì ÃÊ`iÊ >ÊÀi} Ê«>À>Ê` à vÀÕÌ>ÀÊ`iÊÕ >Ê-i > >Ê-> Ì> ÌiÀ >V > i ÌiÊV V `>°

*>À>Ê`iÃV>À}>À >]Êi ÊÕÃÕ>À `iLiÊLÕÃV>Àʼ Þ Ê*À Vià ½ ÞÊÕ >ÊÛiâʵÕiÊ>VVi`iÊ> «> i Ê«À V «> Ê`iÊ >Ê>«« «Õi`iÊi i} ÀÊ >Ê«À Û V >ÊÞ `iëÕjÃÊ >ÊV Õ`>`Ê`iÊ`iÃ Ì Ê>Ê >ʵÕiÊ`iÃi>Ê` À } À Ãi°Ê Ê«>ÀÌ ÀÊ`iÊ> ÊÃi iV V >ÀÊ ?ÃÊ v À >V à LÀiÊÃÕÊ ÃÌ À >]ÊÕ > `iÃVÀ «V Ê`iÊ >ÊV Õ`>` ` `iÊ«>Ã>À?ÊiÃÌ> -i > >Ê-> Ì>]Ê Ã À>À ÃÊ`iÊ >ÃÊ«À Vi à iÃ]Ê>à ÊV Ê >à «À V «> iÃÊ viÀÌ>ÃÊÞ «À V iÃÊÌÕÀ ÃÌ V>Ã

iÊÕ >Êv À >ÊÃi V >]Ê ÌÕ Ì Û>ÊÞÊ ÕÞÊÛ ÃÕ> ]ÊVÕ> µÕ iÀÊÛ > iÀ Ê«Õi`iÊ`iÃV>À}>ÀÃiÊiÃÌ> >««]ÊVÀi>`>Êi ÊÓä£ÎÊÞÊ>VÌÕ> â>`>ÊV>`>Ê> ]ʵÕiÊÃiÊi V>À }>Ê`iÊiÝ« iÀÊÌ `>ÃÊ >ÃÊ Ûi `>`iÃÊÞÊV>À>VÌiÀ ÃÌ V>ÃÊ`iÊ Ã >VÌ ÃÊVi iLÀ>` ÃÊ`ÕÀ> ÌiÊ >

1 >Êv À >Ê` ÀiVÌ>]Ê>ÌÀ>VÌ Û>ÊÞÊÃi V >Ê`iÊ`iÃVÕLÀ À >Ê*>Ã Ê`iÊ >Ê-i > > -> Ì>Ê`iÊ >ÃÌ >ÊÞÊ i °

°

#Ý Ý

>Ê Õ Ì>Ê >Þ ÀÊ`i

vÀ>` >ÃÊÞ iÀ > `>`iÃÊ«Õà i Ê >ÀV >ÊiÃÌ>Ê>« V>V Ê«>À>Ê` ë Ã Ì Û ÃÊ Û iÃʵÕiÊVÕi Ì>ÊV Ê`>Ì Ã V VÀiÌ ÃÊ`iÊ >ÃÊ£ÈÊ>}ÀÕ«>V ià `iÊ >ÃʵÕiÊv À > Ê«>ÀÌiÊ ?ÃÊ`i £È°äääÊV vÀ>`iðÊ

>Ê«À Û V >Ê`i 6> >` `Ê` ë i `iÊ` ÃÊ>« V>V iÃ Û iÃÊ«>À>Ê`iÃVÕ LÀ ÀÊ >Ê-i > >Ê-> Ì> `iÊ >ÊV>« Ì> ÊÞÊ >Ê«À Û V >° ¼6> >` `Ê vÀ>`i½ÊVÕi Ì>ÊV ÊÕ «À }À> >Ê`iÊ«À Vià iÃÊÞÊÀiV ÀÀ ` ÃÊ`iÊiÃÌiÊÓä£x]ÊÕ >Ê}Õ >Ê`iÊÛ Ã Ì>] >Ê v À >V Ê`iÊ À>À ÃÊiÊ Ì iÀ> À ÃÊ`iÊ >ÃÊ«À Vià iÃ]Ê>à ÊV Ê > ÃÌ À >Ê`iÊ >ÃÊV vÀ>` >ÃÊ`i 6> >` `ÊÞÊÃÕÃÊ«>à ð -ÕÊ«>ÀÌ VÕ >ÀÊ}Õ >ÊÃiÊ >Êi >L À>` «i Ã> ` Êi ÊÌ ` ÃÊ>µÕi ÃÊÌÕÀ ÃÌ>à µÕiÊÛ Ã Ì> Ê >ÊV Õ`>`Êi ÊVÕ> µÕ iÀ j« V>Ê`i Ê> ÊÞÊµÕ iÀ> ÊV ViÀÊ >à ?}i iÃÊÞÊ*>à ÃÊ«À Vià > ià µÕiÊÃ> i Ê>Ê >ÃÊV> iÃÊ`iÊ6> >` `°

&Ý Ý Ê ÞÕ Ì> i Ì ÊÞÊ >

«ÕÌ>V Ê`i *> i V >Ê` ë i Ê`i Õ >Ê>« V>V Ê Û ] >V `>Êi ÊÓä£{]ʵÕi v À >Ê`iÊ ÃÊ`iÌ> iÃÊ`iÊ >Ê-i > > -> Ì>Êi ÊÕ >ÊÛi Ìi >Ê`iÊ V> `>`ià «> i Ì >ð ViÀV>Ê ÃÊ i ÀiÃÊ> > i Ì ÃÊ«>À> ` ÃvÀÕÌ>ÀÊ>Ö Ê ?ÃÊ`iÊ >ÊiÃÌ> V >] >µÕi ÃÊÀiÃÌ>ÕÀ> ÌiÃÊ` `iÊ`i}Õà Ì>ÀÊ >Ê}>ÃÌÀ >ÊÌÀ>` V > Ê`iÊ > «À Û V >ÊÞÊ« ÀÊÃÕ«ÕiÃÌ Ê ÃÊÀiVÕÀà à ÌÕÀ ÃÌ V ÃÊ`iÊ ÌiÀjÃÊ«>À>ÊVÕ> µÕ iÀ Û > iÀ ʵÕiÊµÕ iÀ>Ê`iÃVÕLÀ ÀÊÌ ` Ê µÕiÊiÃV `iÊ >ÊV>« Ì> Ê«> i Ì >ÊÞÊ Ã Õ V « ÃʵÕiÊ >ÊÀ `i> ° 1 >Ê iÀÀ> i Ì>Ê`iÊ v À >V Ê«iÀ viVÌ>Ê«>À>ÊÕÌ â>ÀÊiÃÌ ÃÊ` >ð

* ÀÊÃÕÊ«>ÀÌi]Ê > iÀ > `>`Ê`i

vÀ>` >ÃÊ`iÊ > -i > >Ê-> Ì>Ê`i *> i V >Ê«ÀiÃi Ì>Êi ÃÕÊ>««Ê >Ê v À >V Ê`iÊ >ÃÊ ÕiÛi V vÀ>` >ÃÊV Ê >ÃʵÕiÊVÕi Ì>]Ê Ã «>à Ã]Ê> }Õ ÃÊ«Õ Ì ÃÊ`iÊ v À > V ÊÞÊÌ> L j ÊV>`>ÊÕ Ê`iÊ ÃÊ Ì i À>À ÃʵÕiÊÃi}Õ À? Ê >ÃÊ«À Vià ià iÃÌiÊ> Ê«>À>ʵÕiÊi ÊÌÕÀ ÃÌ>Ê ÊÃi « iÀ`>Ê >`>° `i ?Ã]ÊiÃÌ>Ê>« V>V Ê Û ÊÌ> L j Êi Û >Ê> iÀÌ>ÃÊÛ >Êà ÃÊ>Ê ÃÊÕÃÕ> À ÃʵÕiÊÌ i i Ê`iÃV>À}>`>Ê >Ê>««]ÊÞ > Ì i iÊÕ Êi >ViÊ` ÀiVÌ Ê>Ê >Êi à À>ʼ Ê L> Ê vÀ>`i¿]Êi V>À}> `>Ê`iÊÀiÌÀ> Ã Ì ÀÊi Ê` ÀiVÌ Ê >ÃÊ«À Vià iÃÊ`iÊ*> i V >Ê>ÊÌÀ>ÛjÃÊ`iÊ > vÀiVÕi V >Ênn° Ê Ê Êi Ê ÌiÀ iÌ°

"

>Ê «ÕÌ>V Ê`i 6> >` `]Ê« ÀÊÃÕ «>ÀÌi]Ê` ë iÊ`i Õ >Ê>««Ê«À « >Êi Ê > µÕiÊÃiÊ v À >Ê`i Ì ` ÃÊ ÃÊÀiVÕÀà ÃÊÌÕÀ ÃÌ V ÃÊ`iÊ«Õi L ÃÊiÊ v À >V ÊL?à V>Ê«>À>ÊVÕ> µÕ iÀÊÛ > iÀ °

ÃÌ>Ê>««Ê`i ÞÕ Ì> i Ì Ê`i ÕÀ} ÃÊ>ViÀV>Ê>ÊÃÕà V Õ`>`> ÃÊÞÊÌ ` à ÃÊÌÕÀ ÃÌ>ÃʵÕiÊ i }> Ê`ÕÀ> ÌiÊiÃÌ ÃÊ` >Ã]Ê >Ê i À v À >V Êà LÀiÊ >Ê-i > >Ê-> Ì> `iÊ >ÊV Õ`>`°

ÊÃÕÊ>««Ê¼*À Û V >Ê`iÊ6> >` `½ ÃiÊ> >`iÊÌ> L j Ê v À >V Êà LÀi Ì ` ÃÊ ÃÊÀiV ÀÀ ` Ã]ÊÌÀ>` V iÃÊÞ «>à ÃÊ`iÊ-i > >Ê-> Ì>Ê`iÊ ÃÊ` vi Ài ÌiÃÊ Õ V « ÃÊÛ> à iÌ> Ã] ` `iÊ`iÃÌ>V> ÊiëiV > i ÌiÊ >à Vi iLÀ>V iÃÊ`iÊ-i > >Ê-> Ì>Êi i` >Ê`i Ê > « ÊÞÊ i` >Ê`i , ÃiV ]Ê> L>ÃÊ`iV >À>`>ÃÊ`i ÌiÀjÃÊ/ÕÀ ÃÌ V Ê ÌiÀ >V > ]Ê Õ Ì V Ê*i >v i ]Ê`iÊ ÌiÀjÃÊ >V > ] V ÊÃÕÊ > >`>Ê`i Ê }i °

ÃÊ À>À ÃÊ`iÊ >ÃÊ«À Vià iÃÊÞ Õ Ê >«>ÊV « iÌ ÊV Êi ÊV> i iÀ `iÊ >ÊV Õ`>`]Ê> }Õ ÃÊ`iÌ> iÃÊà LÀi ÃÊ«>à Ã]Ê >Ê ÃÌ À >Ê`iÊV>`>ÊV vÀ> ` >]Êi ÊÛiÃÌÕ>À ÊV>À>VÌiÀ ÃÌ V Ê`i ÃÕÃÊV vÀ>`iÃ]ÊÛ>À >ÃÊ>VÌ Û `>`ià «>À>ÊÀi> â>ÀÊ`ÕÀ> ÌiÊ >Ê-i > > -> Ì>Êi Ê >ÊV>« Ì> ÊLÕÀ}> iÃ>]ÊÃ Û `>ÀÊ >ÊV V `>Ê,ÕÌ>Ê`i

vÀ>`i]ʵÕiÊ Û Ì>Ê>ÊÛ Û ÀÊ>Ö Ê ?à i ÊviÀÛ ÀÊÀi } à ʵÕiÊÃÕ} iÀiÊiÃÌ> }À> ÊviÃÌ Û `>`Êi Ê >ÊV Õ`>`°

£ Ý

7Ý Ý

ÊiÃÌ>Ê>« V>V }À>ÌÕ Ì>ʼ-iÀÊ vÀ>`i Û >½Êi ÊÛ > iÀ ]ÊÞ Ì> L j Ê ÃÊV Õ`>`> Ã]Ê` ë `À? Ê`i Ì `>Ê >Ê v À >V ÊÀi iÛ> ÌiÊÀi > V >`>ÊV Ê >Ê-i > >Ê-> Ì>Ê`i Û >Êi ÊiÃÌiÊ> ÊÞÊ ÃÌÀ>`>Ê`i v À >ÊÃi V >ÊÞÊÖÌ Ê«>À>ʵÕiÊVÕ> µÕ iÀÊÕÃÕ>À Ê«Õi`>Ê>VVi`iÀÊV `> i ÌiÊ`iÃ`iÊVÕ> µÕ iÀÊ Õ}>À°

¼-°Ê-> Ì>Ê"v V > <> À>½ÊiÃÊ >Ê>« V> V Ê Û ÊVÀi>`> « ÀÊ >Ê Õ Ì>Ê`i *À Vià iÃÊ`iÊ > -i > >Ê-> Ì>Êâ> À> >°

*iÀ ÌiÊ V> â>ÀÊi ÊÕ ÊV> i `>À iëiV > i ÌiÊ` Ãi >` ]ÊVÕ? ÊiÃÊ > viV >ÊÞÊ À>Ê`iÊV>`>ÊÕ >Ê`iÊ >à «À Vià iÃ]ÊV ÃÕ Ì>ÀÊ >Ê v À > V Ê ?ÃÊV>À>VÌiÀ ÃÌ V>Ê`iÊ > -i > >Ê-> Ì>Ê>LÕ i Ãi]Ê>à ÊV > }Õ >ÃÊ`iÊ >ÃÊVÕÀ à `>`iÃÊ`iÊV >à vÀ>` >ÃÊÞÊ iÀ > `>`iÃÊ`iÊ >ÊV Õ `>`Ê`iÊ Û >°

-iÊi V>À}>Ê`i]Êi ÌÀiÊ ÌÀ>ÃÊV Ã>Ã] V> â>ÀÊ >ÊV>Liâ>Ê`i Ê`iÃv iÊi Ì i « ÊÀi> ]ÊV ViÀÊi Ê Ì iÀ>À Ê`i Ì `>ÃÊ >ÃÊ«À Vià iÃ]Êi ÊÛiÃÌÕ>À `iÊ ÃÊV vÀ>`iÃ]ÊÕ >Ê}> iÀ >Ê`iÊv Ì Ã `iÊ >Ê-i > >Ê-> Ì>Ê`iÊ >ÊV Õ`>`ÊÞ >Õ` ÃÊ`iÊV>`>ÊÕ Ê`iÊ ÃÊ Ì iÀ> À ÃÊÃi}Õ ` ÃÊ« ÀÊ >ÃÊÌ> >Ã]ÊÃ Ê Û `>ÀÊ >Ê ÃÌ À >Ê`iÊ ÃÊV vÀ>` >ð *>À>Ê` ÃvÀÕÌ>ÀÊ`iÊÌ `>ÃÊ >ÃÊvÕ V > `>`iÃ]ÊiÃÌ>Ê>« V>V ÊÀiV i `> Ìi iÀÊV iÝ Ê>Ê ÌiÀ iÌÊÞÊi Ê}«Ã >VÌ Û °

5 Ý Ý 5Ý Ý

>Ê>««Ê ÕiÃÌÀ>Ê >ÃÊ«À Vià ià À`i >`>ÃÊ« ÀÊ` >Ã]ÊÌ> L j Ê ÃÊ Ì iÀ>À ÃÊÞÊ >Ê« à L `>`Ê`iÊ>}Ài}>À ÃÊiÛi Ì ÃÊ>ÊÕ >Ê>}i `>]Ê>à ÊV ÛiÀÊÌ ` ÃÊ ÃÊV>ÀÌi iÃÊ`iÊi` V ià > ÌiÀ ÀiÃ]Ê>VVi`iÀÊ>ÊÕ Ê` VV >À V vÀ>`iÊÞ]Êi ÌÀiÊ ÌÀ>ÃÊV Ã>Ã]ÊÛ Ã Ì>À Õ >ÊV « iÌ>Ê}> iÀ >Ê`iÊv Ì }À>v >à `iÊ ÃÊ i ÀiÃÊ i Ì ÃÊ`iÊ > -i > >Ê-> Ì>Ê`iÊ i °

±±± 9 hm W

1 ÊÌ Ì> Ê`iÊÓÓÊ V> `>`iÃÊ`iÊ >ÃÌ >ÊÞ i Ê« ÃiiÊi Ê` ÃÌ Ì Û `iÊ ÌiÀjÃÊ/ÕÀ ÃÌ V Êi ÃÕÊ-i > >Ê-> Ì>ÊÞÊ> ÌÀ>ÛjÃÊ`iÊiÃÌ>Ê>««Êi Û > iÀ Êi VÕi ÌÀ>ÊÌÀ>` V iÃÊ«À « >Ã]Ê> > i Ì ÃÊÞÊÀiÃÌ>ÕÀ> Ìià ` `iÊ`i}ÕÃÌ>ÀÊ >Ê i À }>ÃÌÀ >Ê`iÊ >ÊÀi} ] >VÌ Û `>`iÃÊV « i i Ì>À >ÃÊ`iÊ V ÊÞÊÌ i « LÀioÊ

Wv9z9 9z£9

Ý " Ý 5¦ m £} m9S} -zm°W mS9S SW 29tt9S}tmS

(SFHPSJP 'FSO OEF[ QJFESB BOHVMBS EF MB 4FNBOB 4BOUB EF 7BMMBEPMJE

!

8a eXT_\WTW E\aV a [TU T f\Wb X_ ce\`Xe a XfT geTaf\V\ a XageX _bf cTfbf ZeTa XfVh_gbe WX_ ahXib f\Z_b Vba geTUT WX cTcX_ a l _bf X_TUbeTWbf Xa ]bf Xa c\XWeT TWX`yf WX _T `TWXeT l X_ `TWXeT cb_\Veb`TWT X_ ab`UeX l Ý 9 T_TUTfgeb! 8a IT__TWb_\W fX iT_beTUT _T YhaWT`XagT_ YhX :eXZbe\b 9XeayaWXm XfVh_gheT l Tf _b WX`bfge _T VbYeTW T WX ThadhX ab gX`cbeT_`XagX X_ ce\`Xeb!

Ý Ý .# _Tf 4aZhfg\Tf VhTaWb cTeT X_ eXgTU_b F\a WhWT _T eXT_\mTV\ a WX _bf cTfbf Vbage\ `Tlbe WX fh \Z_Xf\T cXa\gXaV\T_ WXW\VTWb Uhl T dhX _T FX`TaT FTagT WX IT__TWb_\W Ý Ý Ý Ý Ýk T _T 8aVTeaTV\ a l Vba ha Vb`c_X]b ceb XageTfX Xa fh Thg ag\VT XWTW WX beb! Cbe ZeT`T \VbabZeyY\Vb eXV\XagX`XagX WXf T_Zb X_ c\agbe 4agba\b CT_b`\ab WX VhU\Xegb l eXfgTheTWb fX X_\Z\ ha T_gbeeX 6Tfgeb Xa ¶8_ cTeaTfb XfcT b_ c\agbeXfVb _\XiX WX _T TahaV\TV\ a WX _T I\eZXa eXT_\mTWb cbe _TheXTWb· [TU_TUT WX _bf ´cTfbf WX IT__TWb_\Wµ Vb`b WX ´_bf `yf fX_XVgbf E\aV a Xa _hZTe WX hU\VTe ha ZeTa _\Xamb! 8fgX `TXfgeb dhX g\XaX 8fcT Tµ! GbWTi T VhTaWb _bf cebVheTWbeXf WX_ 6b` a \aYbe`TUTa fXey VTUXmT WX haT YT`\_\T WX XfVh_gbeXf dhX VeXV\Xeba T_ 4lhagT`\Xagb T ce\aV\c\bf WX_ K<K fbUeX _Tf `XW\WTf eXabiTWbeTf dhX _T T _T fb`UeT l cebgXVV\ a WX :eXZbe\b 9XeayaWXm! FT_T WX_ 6e\`Xa WX _T 6[TaV\__Xe T [TU Ta cebchXfgb [TU_TUTa WX XfgTf XfVX aTf Vb`b WX ´XV[heTf gbWTf WX _bf `X]beXf XfgTghTe\bf l dhX WTa _hfgeX T _T 4hadhX aTV\Wb Xa :T_\V\T 9XeayaWXm i\i\ Xa _T V\hWTW 6\hWTWµ! :eXZbe\b 9XeayaWXm fhchfb _T Vbafb_\WTV\ a WX IT__TWb_\W Vb`b WX_ C\fhXeZT T_ `Xabf _T `\gTW WX fh Xk\fgXaV\T f\XaWb ce\aV\cT_ VXageb WX _T XfVhX_T XfVh_g e\VT VTfgX__TaT Vbai\eg\ aWbfX XfgT Xa haT i\aVh_TV\ a XfgTU_X cbe XaV\`T WX _T fT_\WT WX _T 6begX ha X_X`Xagb WX \WXag\Y\VTV\ a WXfch f WX _bf geTUT]bf eXT_\mTWbf cbe dhX _X chWb geTXe! u_ ab geTf_TW T fh Vbafb_\WTWb gT__Xe 4_bafb 5XeehZhXgX l =hTa WX =ha\ Xa X_ f\Z_b KI< l cbe X_ dhX YhX \agebWhV f\ab dhX _bf V_\XagXf iXa Ta T UhfVTe_b l WXfWX Tdh gbe WX 9XeayaWXm Xa IT__TWb_\W cbe bgebf Vbaf\WXeTWb fh `TXfgeb Xai\TUT _bf XaVTeZbf T _bf dhX fX Vb`ceb`Xg T! Cbe bgeT 9eTaV\fVb WX_ E\aV a!

%PMPSPTB EF MB 7FSB $SV[ QFSUFOFDJFOUF BM BOUJHVP QBTP EFM %FTDFOEJNJFOUP 0CSB EF

$SJTUP BUBEP B MB DPMVNOB *HMFTJB EF MB 7FSB $SV[ 0CSB EF 3FQPSUBKF GPUPHS GJDP .BSDPT 7BMEFTQJOP

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

$SJTUP EF MB -V[ SFBMJ[BEP QBSB FM NPOBTUFSJP EF 4BO #FOJUP IPZ FYQVFTUP FO MB DBQJMMB VOJWFSTJUBSJB cTegX YhX hab WX _bf XfVh_gbeXf `yf cbch _TeXf l eXVbabV\Wbf eTfZb Xa X_ dhX fX i\b \aVeX`XagTWb cbe _T eXT_\WTW fbV\b eX_\Z\b fT WX TdhX__T 6Tfg\__T dhX Tc_\VTUT _Tf W\f cbf\V\baXf WX_ 6baV\_\b WX GeXagb! 7X XfgT Ybe`T f\ei\‰ T _Tf aXVXf\WTWXf Xfc\e\ghT_Xf WX fh f\Z_b! CXegXaXV„T T W\fg\agTf VbYeTW„Tf cXa\gXaV\T_Xf YhX YX_\Ze€f WX _T cTeebdh\T WX FTa <_WXYbafb Vb`b `beTWbe WX _T Tag\ ZhT VT__X WX_ FTVeT`Xagb l XagXeeTWb Xa ha VbaiXagb WX YeT\_Xf X_ 6Te`Xa 6T_mTWb [bl 6bafX]Xe„T WX FTa\WTW ! Cbe Xfb ab eXfh_gT XkgeTˆb dhX WX fhf VbagX`cbeyaXbf fT_\XfXa bc\a\baXf gT_Xf Vb`b dhX XeT ´X_ `X]be `TXfgeb dhX Xa Xfgbf g\X`cbf fX Vbab VXÂľ ´WX ab [TUXe Xa XfgX `haWb W\aXeb Vba dh€ cTZTe _b dhX WX]TeX [XV[bÂľ l fbUeX gbWb _Tf cT_TUeTf WX 9X_\cX <I ´X_ XfVh_gbe WX `Tlbe ce\`be dhX Tl Xa Xfgbf `\f eXlabfÂľ!

¹¹¹ÂŒ9—hmÂŒW™

-B 2VJOUB "OHVTUJB P 1JFEBE EF 4BO .BSUÂŹO

Fhf cTfbf fba _Tf bUeTf `yf cbch_T eXf f\aZh_TeXf [TfgT Xa X_ geTgT`\Xagb TVghT_ chXf fT_Xa WX fhf \Z_Xf\Tf l WX _bf `hfXbf cTeT VbaY\ZheTe ha XfcTV\b ceb c\b Xa _T VT__X! CebVXWX WX_ _Tg„a ÂścTffhf¡ XfVXaT WX _T CTf\‰a WX 6e\fgb ThadhX gT`U\€a \`TZXa i\aVh_TWT Vba ha hfb cebVXf\baT_! 8_ `TXfgeb 9XeayaWXm eXT_\m‰ cTfbf dhX ab cXegXaXV„Ta T _T gX`yg\VT WX _T FX`TaT FTagT! ?T YhaV\‰a WX Xfgbf cbe gTagb ab XeT ÂŽa\VT`XagX W\WyVg\VT Vb`b fX [T fhchXfgb gTagTf iXVXf f\ab fbUeX gbWb i\iXaV\T_- VbagX`c_Te Vb`cT WXVXe T geTi€f WX X__bf X_ Wb_be WX 6e\fgb Xa _T eXWXaV\‰a fXafTV\‰a geTWhV\WT cbe T_Zhabf Xa _Tf cXa\gXaV\Tf l W\fV\c_\aTf! LT Xkcba„T FTa =hTa WX _T 6ehm Xa _T ÂśFhU\WT T_ @bagX 6Te`X_b¡ _b dhX XeT \`cbegTagX Xa _T eXT_\mTV\‰a WX _Tf \`yZXaXf ´`yf T_ cebc\b l i\ib Xfg€a fTVTWTfÂŤ cba\XaWb _bf b]bf Xa Xfgb `yf dhX Xa X_ iT_be l Vhe\bf\WTW WX _T [XV[heT l fh beaTgbÂľ! Cbe Xfb T geTi€f WX X__Tf X_ XfVh_gbe Vb`ha\ VTUT `hV[b `yf dhX _T aTeeTV\‰a WX ha cTfT]X XiTaZ€_\Vb chXf \agXagTUT WXf cXegTe WX Ybe`T XaVXaW\WT _T WXibV\‰a WX _bf Y\X_Xf dhX _b VbagX`c_TUTa!

Ă? Â&#x;Ă?

Fhcb Tf„ \`cbaXe ha fX__b cXefbaT_ dhX ab fb_T`XagX \aY_h\ey f\ab dhX WXgXe`\aTey gbWb _b dhX fX [\mb T _b _TeZb WX_ f\Z_b KI<< cbe _bf `\X`Uebf WX _T XfVhX_T VTfgX__TaT! Ab bfVheXV\‰ _Tf bUeTf WX fhf W\fV„ch_bf ThgbeXf WX \`cbegTagXf cTfbf cebVXf\baT_Xf cXeb eXgeTf‰ _Tf be\Z\aT_\WTWXf cbfgXe\beXf WXfWX ha gT__Xe dhX XeT X_ `yf \`cbegTagX WX_ abegX WX 8fcTˆT TWdh\e\Wb fbUeX X_ cebc\b WX =hTa WX =ha\! 4_Zhabf `bWX_bf YhXeba VeXTWbf cbe €_ f\XaWb `TXfgeb Xa fhU\e Y„f\VT`XagX T _bf T_gTeXf T _bf fTagbf eXV\€a VTaba\mTWbf! 6ba bgebf `bWX_bf fX XaVbage‰ l WXfWX XfT ceX `\fT _bf Vbafb_\W‰ Vb`b bVhee\‰ Vba _bf 6e\fgbf LTVXagXf WXY\a\Wbf cbe @Teg„a :bamy_Xm Vb`b _T ´\`TZXa cheT WX_ Wb_be fb_\ gTe\bÂľ! ?bf [\fgbe\TWbeXf WX_ TegX [Ta WXY\a\Wb fh TcbegTV\‰a Vb`b _T Vh_`\aTV\‰a WX TdhX_

l � § � Œ 9 � � Œ

Ă? Ă? Ă? § : Ă? Ă? Ă? Ă? ž k

VT`\ab dhX [TU„T cTeg\Wb WX_ f\Z_b KI< WX _T XkceXf\‰a fXeXaT [TfgT _T fXeXa\WTW XkceXf\iT! 8_ aTgheT_\f`b WX 9XeayaWXm fX TVXaghTUT Vba _bf cbfg\mbf dhX __XiTUT T dhX X_ `TXfgeb geXamTfX _Tf VbebaTf WX Xfc\aTf WX fhf VehV\Y\VTWbf Vba Xfc\abf aTgheT _Xf _bf b]bf YhXfXa WX Ve\fgT_ [TV\Xa Wb ha XfcXV\T_ geTgT`\Xagb Xa hˆTf l W\XagXf!

1JSBH»JTNP FO MBT )PDFT EFM S¬P %VSBU²O 4FHPWJB

%FTDVCSF FYQFSJFODJBT ¹OJDBT QBSB WJWJS FTUB 4FNBOB 4BOUB $SJTUJOB .BSU¬O

>ÃÌ >ÊÞÊ i Ê«À « iÊ> ÊÛ > iÀ ÊÕ >Ê}À> ÊÛ>À i`>`Ê`iÊ«>µÕiÌiÃÊÌÕÀ ÃÌ V ÃÊ«>À>Ê` ÃvÀÕÌ>ÀÊi v> >]ÊV Ê«>Ài >Ê Ê> } ÃÊ`iÊÛ Ã Ì>ÃÊVÕ ÌÕÀ> iÃ]ÊiÃV>«>`>ÃÊ`iÊ>Ûi ÌÕÀ>Êi Ê« i >Ê >ÌÕÀ> iâ>ÊÞ Õ ÃÊ` >ÃÊ`iÊÀi >Ý]Ê>V «> >` ÃÊ`iÊ >Ê i ÀÊ}>ÃÌÀ >]Êi Ê Õ}>ÀiÃÊ Û `>L ià B 4FNBOB 4BOUB EF $BTUJMMB Z -F³O FT QPS T­ TPMB UPEP VO BUSBDUJWP UVS­TUJDP B OJWFM JOUFS OBDJPOBM FO FM RVF GJKBO MB NJSBEB NJMFT EF WJBKFSPT DBEB B±P QBSB EFTDVCSJS MB 1BTJ³O EF VOB DJVEBE Z FM GFSWPS EF UPEP VO QVFCMP WPMDBEP EVSBOUF FTUPT E­BT FO DFMFCSBS FTUB USBEJDJPOBM DPONFNPSBDJ³O DSJTUJBOB RVF WB N¡T BMM¡ EF TFS VOB GJFTUB SFMJHJPTB QBSB EFWPUPT ZB RVF DBEB WF[ TPO N¡T MPT UVSJTUBT MMFHBEPT EF UPEP FM NVOEP

Ê* ÀÌ> Ê`iÊ/ÕÀ à Ê`iÊ > Õ Ì>Ê`iÊ >ÃÌ >ÊÞÊ i Ê ÌÕÀ à V>ÃÌ >Þ i °V ` ë iÊ`iÊÌ `>Ê >Ê v À > V Ê`iÊV>`>ÊiÝ«iÀ i V >

RVF EFTFBO EFTDVCSJS BM EFUBMMF MB 4FNBOB 4BOUB EF VO MVHBS Z CVTDBO FYQFSJFODJBT EF MBT RVF EJTGSVUBS EVSBOUF TV WJBKF 1PS FMMP MB +VOUB EF $BTUJMMB Z -F³O IB SFBMJ[BEP EVSBOUF MPT ºMUJNPT B±PT VOB TFSJF EF BDDJPOFT QSPNPDJPOBMFT QFOTBOEP FO UPEPT MPT UJQPT EF UVSJT

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

UBT RVF MMFHBO IBTUB MB DPNVOJEBE EVSBOUF FTUPT E­BT Z RVJFSFO FOUSF FM EF NBS[P Z FM EF BCSJM EFTDV FODPOUSBS QSPQVFTUBT DVMUVSBMFT SFMBDJPOBEBT DPO MB OBUVSBMF[B CSJFOEP MVHBSFT ºOJDPT QSBDUJDBOEP EFQPSUF HBTUSPO³NJDBT Z EF PDJP QBSB QFRVF±PT Z NBZPSFT 6OB EF MBT FO QMFOB OBUVSBMF[B P WJTJUBOEP BMHVOP EF MPT QSJODJQBMFT BDUVBDJPOFT MMFWBEBT B DBCP FT MB JOOVNFSBCMFT NPOVNFOUPT RVF BUF DSFBDJ³O EF MBT Ɔ&YQFSJFODJBT UVS­TUJDBT EF TPSB $BTUJMMB Z -F³O Z DBTJ EF 4FNBOB 4BOUBƇ EFTBSSPMMBEBT KVOUP B FNQSF 1 ÊÌ Ì> Ê`iÊ£{xÊ«>µÕiÌià FMMPT QFSNBOFDFS¡O BCJFSUPT EVSBOUF TBT EF MPT TFDUPSFT IPTUFMFSP Z EF PDJP DPO FM MBT WBDBDJPOFT EF 4FNBOB 4BOUB GJO EF SFBMJ[BS VOB DPMBCPSBDJ³O QºCMJDP QSJ ÌÕÀ ÃÌ V ÃÊ`iÊ ÃʵÕi WBEB F JODFOUJWBS BT­ FM UVSJTNP FO MB SFHJ³O -B +VOUB EF $BTUJMMB Z -F³O QPOF B ` ÃvÀÕÌ>ÀÊi Ê >ÃÌ >ÊÞÊ i EJTQPTJDJ³O EFM WJBKFSP UPEB MB JOGPS 6O UPUBM EF FYQFSJFODJBT GPSNBO QBSUF EF NBDJ³O BDFSDB EF DBEB VOB EF FTUBT FTUF QSPHSBNB EJSJHJEP FTQFDJBMNFOUF QBSB FYQFSJFODJBT Z MPT EFTUJOPT FO MPT RVJFOFT QSFQBSBO VO QMBO FTQFDJBM EF WBDBDJPOFT FO 4FNBOB RVF TF EFTBSSPMMBO B USBW©T EF TV 1PSUBM EF 4BOUB -B $POTFKFS­B EF $VMUVSB Z 5VSJTNP EF MB +VOUB EF 5VSJTNP XXX UVSJTNPDBTUJMMBZMFPO DPN Z $BTUJMMB Z -F³O IB QSPHSBNBEP EJGFSFOUFT QBRVFUFT UVS­TUJDPT RVF FO MB $FOUSBM EF 3FTFSWBT XXX DBTUJMMBZMFP VOFO MBT BDUJWJEBEFT DPNQMFNFOUBSJBT B MB PGFSUB HMPCBM EF FTUPT OFTWJEB DPN E­BT CBTBEBT FO FM PDJP Z FM EJTGSVUF EFM UJFNQP MJCSF FO BMPKBNJFO UPT SVSBMFT FNQSFTBT EF UVSJTNP BDUJWP CBMOFBSJPT DBNQJOHTƑ 4F FODVFOUSBO EJWJEJEBT FO TJFUF DBUFHPS­BT Z TF EJSJHFO B UPEP UJQP EF QºCMJDP UBOUP QBSB -BT FYQFSJFODJBT UVS­TUJDBT QSPQVFTUBT FO MB SFHJ³O FTU¡O WJODVMB QFRVF±PT DPNP NBZPSFT "DUJWJEBEFT FO MBT EBT DPO FWFOUPT SFMJHJPTPT DVMUVSBMFT P QBUSJNPOJBMFT TJO DFOUSBS RVF EJTGSVUBS FO GBNJMJB DPO MB QBSFKB P FOUSF TF ºOJDBNFOUF FO RVF TFBO SFBMJ[BEBT EVSBOUF MPT E­BT EF 4FNBOB BNJHPT SFBMJ[BOEP VOB FTDBQBEB EJGFSFOUF 4BOUB TJOP RVF MPT WJBKFSPT QPES¡O EJTGSVUBS EF FTUBT BDUJWJEBEFT ºOJDB F JOPMWJEBCMF

5 Ý Ý 5Ý Ý Ý Ý

iÀV>Ê`iÊ i` ÊVi Ìi >ÀÊ`iÊ>VÌ Û `>`iÃÊ`iÊ>Ûi ÌÕÀ>ÊÞÊ` ÛiÀ Ã Ê«>À>Ê«À>VÌ V>ÀÊ> Ê> ÀiÊ LÀiÊÞÊ` ÃvÀÕÌ>ÀÊ`iÊ >Ê >ÌÕÀ> iâ>°

1 Ê " 6 Ê* - "Ê Ê " "Ê*",Ê- "6 1 > iÝ«iÀ i V >ÊÖ V>Ê`iÊv Ì>ÀÊ`i ÌÀ Ê`i ÊÛ i Ì ]ÊV ÊÛ ÃÌ>ÃÊ>«>à > ÌiÃÊÞÊÃi Ã>V iÃÊ ÀÀi«iÌ L iÃ°Ê >Êi «ÀiÃ>Ê L ÃÊ Ài> Û Ì>Ê>Ê`iÃVÕLÀ ÀÊÕ Ê ÕiÛ Ê«> Ã> iÊ`iÊ-i} Û >Ê`iÃ`iÊi Ê> ÀiÊi Õ ÊÛ > i]Ê`iÊÕ >Ê À>Ê`iÊ`ÕÀ>V ]Ê`iëi}> ` Ê> Ê> > iViÀ° Ê "Ê Ê- / "Ê Ê ,iV ÀÀiÀÊiÃÌiÊ}À> Ê Ì iÀ> À Ê ÃÌ À V ʵÕiÊ ÃÊ«iÀi}À ÃÊÀi> â> ÊV>`>Ê> Ê>Ê-> Ì >} Ê`i

« ÃÌi >ÊÞÊÀi> â>À Êi ÊL V V iÌ>ÊiÃÊÌ `>ÊÕ >ÊiÝ«iÀ i V >°Ê >à ` viÀi ÌiÃÊÀÕÌ>ÃÊ«>ÀÌi Ê`iÊ i ]Ê, ViÃÛ> iÃÊÞÊ ÕÀ} ð Ê ",Ê Ê- Ê- / \Ê Ê , <" ÊV> i `>À Ê`iÊiÃÌi > Ê >ViÊV V ` ÀÊ >Ê-i > >Ê-> Ì>ÊV Êi ÊiëiVÌ?VÕ Ê`iÊ Ã ViÀiâ ÃÊi Êv ÀÊi Ê >Ê- iÀÀ>Ê`iÊ Ài` Ã°Ê ÃÌ>ÊiÝ«iÀ i V >Ê«À « i V>L> }>ÀÊ`ÕÀ> ÌiÊÌÀiÃÊ` >ÃÊ«>À>Ê` ÃvÀÕÌ>ÀÊ`iÊiÃÌ>ÊiÝ« à Ê`i V À]Ê`iÊ >Ê}>ÃÌÀ >Ê`iÊ >Êâ >ÊÞÊ`iÊ LÃiÀÛ>V iÃÊ À Ì } V>ÃʵÕiÊà ÊÃiÊ«Õi`i Ê` ÃvÀÕÌ>ÀÊi ÊiÃÌiÊ«iÀ ` °

1BTFP B DBCBMMP FOUSF DFSF[PT FO GMPS * , 4 - "Ê Ê -Ê " -Ê Ê 1, /$ 1 >ÊÃi V >Ê>VÌ Û `>`Êi Ê >ÃÊÌÀ> µÕ >ÃÊ>}Õ>ÃÊ`iÊ >ÃÊ ViÃÊ`i ÊÀ Ê ÕÀ>Ì °Ê-iÊÌÀ>Ì> `iÊÕ >Ê>VÌ Û `>`Ê«>À>ÊÌ ` ÃÊ ÃÊ«ÖL V ÃʵÕiÊ ÊÀiµÕ iÀiÊ«Ài«>À> V Ê«ÀiÛ >]ÊÞÊ`iÃ>ÀÀ >`>Ê« ÀÊ >Êi «ÀiÃ>Ê ÕÀ>Ûi Ì ÕÀ°

,1/ Ê Ê "Ê*",Ê Ê *"Ê Ê- *>Ãi à « ÀÊ ÃÊV> ÃÊÞÊi Ì À Ê`iÊ >Êv V>Ê`i Ê Ìi Ê,ÕÀ> Ê > / ÀÀiV >°Ê/> Ì ÊiÝ«iÀÌ ÃÊV Ê«iÀà >ÃÊà ÊiÝ«iÀ i V >Ê«ÀiÛ >] `iÃ`iÊ ÃÊÃi ÃÊ> ÃÊ`iÊi`>`]Ê«Õi`i Ê` ÃvÀÕÌ>ÀÊ`iÊiÃÌ>ÊiÝ«i À i V >ÊV ÊV>L> ÃÊ` V iðÊ+Õ i ÊµÕ iÀ>Ê«Õi`iÊ}> «>ÀÊÞÊi µÕiÊ ]Ê ÀÊ Õ Ì Ê> ÊV>L> ÃÌ>Ê> Ê«>Ã Ê Ê> ÊÌÀ Ìi° Ê6 Ê Ê* ,$ -Õ} iÀiÊÕ >ÊV « iÌ>Ê viÀÌ>ÊÌÕÀ ÃÌ V>Ê`i >VÌ Û `>`iÃÊ«>À>Ê>«Ài `iÀÊ>Êi Ìi `iÀÊÞÊÛ> À>ÀÊi Ê«> Ã> i]Ê > v>Õ >ÊÞÊv À>]ÊÀÕÌ>ÃÊ`iÊÃi `iÀ à ]Êiëi i } >Êi Ê >Ê ÕiÛ>Ê`i >Ê6>µÕiÀ>]ÊÞÊiÃV> >`>ÊÞÊÀ>«i Ê« ÀÊ >ÃÊÀ V>ÃÊV> â>ÃʵÕiÊ >ÀV> i ÊV>ÕViÊ`iÊ ÃÊÀ ÃÊ* À ÊÞÊ6 i °

±±± 9 hm W

6O QFSFHSJOP RVF TF EJSJHF B 4BOUJBHP EF $PNQPTUFMB

! Ý % Ý

-* " ,, +1 - "Ê Ê Ê 1 6 Ê Ê6 *",+1 ,"°

iÃVi à Ê`i ÊÀ ÊÃÕLÌiÀÀ? i ʵÕiÊv À Ê >Êv> Ã>Ê ÕiÛ>Ê`i 6> « ÀµÕiÀ Êi Ê i ]Ê>ÌÀ>ÛiÃ> ` Êi ÊV À>â Ê`iÊ >Ê Ì> >°Ê > ` ÛiÀà Ê`i ÊL>ÀÀ> µÕ à ÊÕ `>Ê> Ê ÃÌiÀ Ê`i Ê Õ ` ÊÃÕLÌi ÀÀ? i Ê`iÊV>ÃV>`>Ã]Ê >} Ã]ÊÃ> Ì Ã]ÊÀ?«i iÃÊÞÊÌ L }> iðÊ

W² W mWzOm9 £ª n £mO9

5 Ý Ý 5Ý Ý Ý Ý«iÀ i V >ÃÊ«iÀviVÌ>ÃÊ«>À>Ê`iÃVÕLÀ ÀÊ ÃÊLi ÃÊi Ì À ÃÊÀÕÀ> ià `iÊ ÃʵÕiÊ«ÀiÃÕ iÊ >ÃÌ >ÊÞÊ i ÊÞÊi Êi V> Ì Ê`iÊÃÕÃÊ«ÕiL ð Ê Ê- Ê Ê Ê - Ê- / Ê1 >ÊiÃV>«>`>Ê`i Ài >ÝÊi Ê« i ÊV> « Ê`iÊ >Liâ>Ê`iÊ i} Ê iâ]Ê>Ê i` >Ê À> `iÊ-> > > V>°Ê iÃVÕLÀiÊÃÕÊLi Ê«> Ã> iÊÞÊ«>Ãi>Ê« ÀÊ ÃÊV> ÃÊ`iÊÃÕÊ`i iÃ>]Êi ÌÀiÊi V >ÀiÃÊÞÊ«À>`iÀ>Ã°Ê ÊÌ iÀÀ>ÃÊÃ> > Ì >ÃÊÌ> L j Ê«Õi`iÃÊ«>ÀÌ V «>ÀÊi Ê ÃÊÌ> iÀiÃÊ>ÀÌiÃ> > iÃÊÞÊ«>Ãi ÃÊi ÊLÕÀÀ ʵÕiÊ«À « iÊ >Ê À> >Ê ÃVÕi >Ê Õi >Ê Ã«iÀ> â>° Ê Ê- Ê / 6"Ê Ê- , ° ÃvÀÕÌ>Ê`iÊ >ÊV >ÀV> `iÊ-> >LÀ >ÊÞÊÃÕÃÊ«À «ÕiÃÌ>ÃÊ`iÊÃi `iÀ à ]ÊÀÕÌ>ÃÊ>ÊV>L> ÊÞÊ Õ Ê«>Ãi Ê« ÀÊi Ê >} Ê`iÊ-> >LÀ >Êi ÊV>Ì> >À? ]Êi Êi Ê i à -> >LÀ >]Êi Ê«À iÀÊV>Ì> >À? Êi V Êà >ÀÊ`i Ê Õ ` ° 1 Ê* , Ê Ê Ê "]Ê Ê - !$oÊ6 à Ì>Ê}Õ >`>Ê> ÕÃi Ê`iÊ iÀ> iÃ]ÊÀ V>ÃÊÞÊv à iÃÊ`iÊ6> ÃiV>Ê­-i} Û >®Ê` `i « `iÀÊ LÃiÀÛ>ÀÊ ÃÊÀiÃÌ ÃÊ`iÊ` Ã>ÕÀ ÃʵÕiÊ >L Ì>À Ê-i} Û >] iÀ> iÃÊ VÀi L iÃÊ`iÊ ÕiÃÌÀ>ÃÊà iÀÀ>ÃÊÞÊ > Ã]ÊÞÊ ÕV Ê ?ð

1MB[B .BZPS EF -B "MCFSDB 4BMBNBODB

5 Ý Ý 5Ý Ý Ý >ÊÀ µÕiâ>ÊVÕ ÌÕÀ> ÊÞÊ«>ÌÀ > Ê`iÊ >ÃÌ >ÊÞÊ i Ê«iÀ ÌiÊi V ÌÀ>ÀÊi Ê >ÊÀi} Ê Õ i Ì ÃÊ`iÊÛ> ÀÊ V> VÕ >L i]Ê ÕÃi ÃʵÕi à À«Ài `i ÊÞÊ Õ}>ÀiÃÊ`iÊ}À> ÊÌÀ>` V ÊiÊ ÃÌ À >° - Ê9Ê Ê , Ê1 ÊÀiV ÀÀ ` Ê« ÀÊ-> > > V>ÊÞÊ > - iÀÀ>Ê`iÊ À> V >Ê`i ÊÓÊ> ÊxÊ`iÊ>LÀ ]ÊV ÊiÝVÕÀà iÃÊ> Ê-> ÌÕ>À `iÊ >Ê6 À}i Ê`iÊ*i >Ê`iÊ À> V >ÊÞÊ>Ê À> `>Ê`i Ê >ÃÌ> >À° * ! Ê Ê >ÊVÕ >Ê`iÊ >Ê, LiÀ>Ê`i Ê ÕiÀ ]Ê*i >v i ]ÊÀ `i>`> `iÊÛ i` Ã]ÊÃÕ} iÀiÊ >ÊÛ Ã Ì>Ê>ÊÃÕÊ >Ã>Ê`iÊ >Ê, LiÀ>]Ê`i Êà } Ê86 ] ÞÊ>ÊÃÕÊ ÕÃi Ê >ÀV> Ê`iÊ ÀÌiÊ->VÀ ]ÊV ÊÕ >Ê « ÀÌ> ÌiÊV iV V Ê`iÊiÃVÕ ÌÕÀ>ÃÊÞÊ« ÌÕÀ>ÃÊ`i Êà } Ê8 Ê> Ê86 ° 1- "Ê/ " $ "Ê Ê6 , " - ÌÕ>` Êi ÊÕ Ê iÀ à ÊÀ V Ê`iÊ-i} Û >]Êi Ê,i> Ê- Ì Ê`iÊ-> Ê `iv à ʭ >Ê À> >®Ê>LÀiÊ > «ÕiÀÌ>Ê>Ê >Ê >} >Ê`i ÊVÀ ÃÌ> Êà }Õ i ` Ê >ÃÊÌjV V>ÃÊ`i Êà } Ê86 °

$BTUJMMP EF 1F°BGJFM 7BMMBEPMJE Z .VTFP 1SPWJODJBM EFM 7JOP

"Ê Ê- Ê" 6Ê Ê* `iÊ ÕÀ} ÃÊ>Ê Û>ÀÀÕL >ÃÊ`iÃVÕ LÀ i ` ÊÕ >ÊV « iÌ>Ê viÀÌ>Êi ÌÕÀ ÃÌ V>Ê`iÊ >Ê, LiÀ>Ê`i Ê ÕiÀ °

5 Ý Ý 5Ý Ý Ý Ý >ÊÛ Ã Ì>Ê>ÊÕ >ÊV Õ`>`Ê`ÕÀ> ÌiÊ >Ê V iÊiÃÊÕ >Êv À >Ê`iÊi V ÌÀ>À Õ Ê ÕiÛ Ê«Õ Ì Ê`iÊÛ ÃÌ>Ê`iÊÃÕÃÊV> iÃÊÞÊ« >â>Ã°Ê Êi V> Ì ÊµÕi }Õ>À`>Ê`ÕÀ> ÌiÊi Ê` >ÊiÃÊ ÃÌÀ>` ÊV ÊÌ ` ÊÃÕÊië i ` ÀÊVÕ> ` >ÃÊ ÕViÃÊÃiÊi V>À}> Ê`iÊ Õ >ÀÊÃÕÃÊv>V >`>ÃÊ>Ê >ÊV> `>Ê`i Êà ° 1 >ÊiÝ«iÀ i V >Ê Û `>L iʵÕiÊ >ÊV Õ`>`Ê`iÊ<> À>Ê >ÊiÃV } ` V Ê«À «ÕiÃÌ>Ê«>À>ÊÃÕÃÊÌÕÀ ÃÌ>ÃÊ`ÕÀ> ÌiÊiÃÌ>Ê-i > >Ê-> Ì>° 6 - / -Ê " /1, -ʼ 1 -Ê9Ê 9 -½ 1 >ÊÛ Ã Ì>Ê}Õ >`> VÌÕÀ >Ê« ÀÊi ÊV>ÃV Ê ÃÌ À V Ê`iÊ<> À>]Ê` ÃvÀÕÌ> ` Ê`iÊ >Ê Õ >V Ê`iÊÃÕÃÊ Õ i Ì Ã° /i `À? Ê Õ}>ÀÊ ÃÊ` >ÃÊ££]Ê£nÊÞÊÓxÊ`iÊ>LÀ Ê>Ê«>ÀÌ ÀÊ`iÊ >ÃÊÓä\ää À>ÃÊ`iÃ`iÊ >Ê* >â>Ê >Þ ÀÊ`iÊ<> À>ÊÞÊ`ÕÀ> ÌiÊÕ >ÃÊ` ÃÊ À>à >«À Ý >`> i Ìi]Êi ÊÌÕÀ ÃÌ>Ê`iÃVÕLÀ À?ÊV>`>ÊÀ V Ê`iÊ >ÊV Õ`>`] >ÃÊVÕÀ à `>`iÃÊ`iÊÃÕÊ ÃÌ À >ÊÞÊi Êi V> Ì Ê`iÊÃÕÃÊV> ið Ê«ÀiV ÊiÃÊ`iÊ V ÊiÕÀ ÃÊÞÊ ÃÊ ÃÊ i ÀiÃÊ`iÊ£ÓÊ> ÃÊi ÌÀ> À? Ê`iÊv À >Ê}À>ÌÕ Ì>°

-B OPDIF FO MB DBQJUBM [BNPSBOB

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

5 Ý Ý 5Ý Ý Ý Ý *>À>Ê` ÃvÀÕÌ>ÀÊi Êv> >Ê`iÊÛ Ã Ì>ÃÊVÕ ÌÕÀ> iÃ]Ê>VÌ Û `>`iÃÊ> Ê> Ài LÀiÊÞÊiÝVÕÀà iÃÊ>Ê` ÃÌ Ì ÃÊ Õ}>ÀiÃÊ`iÊ >ÃÌ >ÊÞÊ i ° 6 - / Ê Ê" "Ê9Ê Ê 1- "Ê Ê -Ê6 -Ê," -Ê > Û >Ê i`> >Ê>LÀiÊÃÕÃÊ«ÕiÀÌ>ÃÊ> ÊÛ > iÀ Ê«>À>Ê`iÃVÕLÀ ÀÊÃÕ *>ÀµÕiÊ/i ?Ì V Ê`i Ê Õ`j >ÀÊ Êi Ê*> >V Ê`i Ê >L> iÀ ]ÊÌ ` ÊÕ i > iÊ>Ê >Ê LÀ>Ê`iÊ «iÊ`iÊ6i}>°Ê*>À>ÊV « iÌ>ÀÊ >ÊÛ Ã Ì> >`>Ê i ÀʵÕiÊ>ViÀV>ÀÃiÊ> Ê ÕÃi Ê`iÊ >ÃÊ6 >ÃÊ, > >ÃÊ`i i >À>Ê*ÕÀ>ÃÊÞÊ>` À>ÀÊ ÃÊÛiÃÌ } ÃÊ`iÊÃÕÊ«>Ã>` ° 1- "Ê Ê 1 "-Ê/, " - i Ê À> `>Ê`iÊ ÕiÀ ­ ÕÀ} î]ÊVÕi Ì>ÊV Ê ÌiÀiÃ> ÌiÃÊV iVV iÃ°Ê ÌÀiÊ >ÃÊ« iâ>à ?ÃÊ`iÃÌ>V>`>ÃÊÃiÊi VÕi ÌÀ>Êi Ê« «Õ >ÀÊ Õi} Ê`iÊL Ã]Ê`i ʵÕi ` ë iÊÕ >Ê`iÊ >ÃÊ ?ÃÊV « iÌ>ÃÊiÝ« à V iÃÊ`iÊ ÕÀ «>°

3VUB EF TFOEFSJTNP QPS UJFSSBT TFHPWJBOBT

- , - "Ê*",Ê Ê*,"6 Ê Ê- "6 «>À>ÊV ViÀ ÃÊ >} v V ÃÊ«> Ã> iÃÊ`i Ê6> iÊ`iÊ Û>Ì >ÃÊ Ê >ÃÊ ViÃÊ`i ÊÀ

ÕÀ>Ì ÊÞÊ - Ê ,Ê Ê Ê6 Ê Ê* ,$ ` `i ` ÃvÀÕÌ>ÀÊÞÊ>«Ài `iÀÊÀ `i>` Ê« ÀÊiÃV> >` ÀiÃÊ«À vià > ið

5 Ý Ý 5Ý Ý Ý Õ Ì ÊV ÊÃÕÊ viÀÌ>ÊÌÕÀ ÃÌ V>]Ê >ÃÌ >ÊÞÊ i ÊÃÕ} iÀiÊ> ÊÌÕÀ ÃÌ>Ê` à vÀÕÌ>ÀÊ`iÊÃÕÃÊ«À «ÕiÃÌ>ÃÊ`iÊ`iÃV> à Êi ÊÃÕÃÊL> i>À ÃÊÞÊ> > i Ì ÃÊV Êë>]ʵÕiÊ>«À ÛiV > Ê >ÊÀ µÕiâ>Ê`iÊ >ÃÊ>}Õ>ÃÊ`iÊÃÕà > > Ì > iÃÊV Û ÀÌ j ` ÃiÊi ÊÕ Ê`iÃÌ Ê `i> Ê`iÊÀi >Ý° /À>Ì> i Ì ÃÊ«iÀà > â>` Ã]ÊV ÀVÕ Ì ÃÊÌiÀ > iÃ]ÊÛ ÌiÀ>« >oÊv À > Ê«>ÀÌiÊ`iÊ ÃÊÃiÀÛ V ÃÊ vÀiV ` ÃÊ« ÀÊ ÃÊL> i>À ÃÊ`iÊ >ÃÌ > ÞÊ i ʵÕiÊ Û Ì> Ê>Ê`iÃV iVÌ>ÀÊ`ÕÀ> ÌiÊÌÕÃÊ` >ÃÊ`iÊÛ>V>V ið

Ê Ê- Ê," / "Ê Ê- , 1 >ÊÃ À«ÀiÃ>Ê«iÀ viVÌ>Ê«>À>Ê` ÃvÀÕÌ>ÀÊi Ê«>Ài >°

- " / ,Ê Ê Ê , "Ê Ê, /",/ "Ê` `iÊi >}Õ>Ê >Êi V ÌÀ>À?ÃÊ ÕÞÊ` viÀi Ìi° 1 Ê 8* , Ê, / Ê Ê* , i Êi ÊL Ì Ê«ÕiL `iÊ Àià Êi Ê6 i Ê­6> >` `®°

&M $MBVTUSP UFSNBM EFM )PUFM #BMOFBSJP EF &M #VSHP EF 0TNB 4PSJB

5 Ý Ý 5Ý Ý Ý Ý `i}>ÃÊÞÊÀiÃÌ>ÕÀ> ÌiÃÊÃiÊV Û iÀÌi Êi Ê«À Ì>} ÃÌ>ÃÊ`i -i > >Ê-> Ì>ÊV Ê i ÖÃÊiëiV > iÃÊL>Ã>` ÃÊi ÊiViÌ>ÃÊÌÀ>` V > iÃÊÕ `>ÃÊ>Ê ÕiÛ ÃÊ« >Ì ÃʵÕiÊà À«Ài `i Ê> ÊÛ > iÀ ° 6 - / -Ê Ê " -Ê9Ê / -Ê ?ÃÊ`iÊÕ >Ê`iVi >Ê`iÊiÝ«iÀ i V >ÃÊÌÕÀ ÃÌ V>ÃÊ Û Ì> Ê>ÊÛ Ã Ì>ÀÊ` viÀi ÌiÃÊL `i}>ÃÊ`iÊ >ÊÀi} ] V>Ì>ÀÊÃÕÃÊÛ Ã]Ê`iÃVÕLÀ ÀÊ >ÊÀ µÕiâ>Ê`iÊ ÃÊÛ i` ð°° ,1/ Ê Ê , "Ê , "Ê ViÊi ÊViÀ` Ê LjÀ V Êi ÊÃÕÊ ?L Ì>ÌÊ >ÌÕÀ> ]Êi Ê >Ê`i iÃ>]Ê«>ÃÌ> ` Êi ÌÀiÊ ÃÊi V >ÀiÃÊÞÊ` ÃvÀÕÌ> `iÊÕ >Ê`i}ÕÃÌ>V Ê`iÊÃÕÃÊ«À `ÕVÌ ÃÊ ?ÃÊiÝµÕ Ã Ì Ã° $ Ê/1, - "Ê1 >ÊÛ Ã Ì>Ê}Õ >`>]Ê`iÊÕ >ÃÊÌÀiÃÊ À>ÃÊÞÊ i` >] «>À>ÊV ViÀÊ >ÃÊv?LÀ V>ÃÊ`iÊ > iÃÊ LjÀ V ÃÊ Õ ? Ê >ÀÌ °

5BMMFS EF DBUB EF WJOPT

±±± 9 hm W

/ ,Ê Ê , -Ê9Ê " Ê6 / , > iÀ i >`iÀ >Ê ÀÌiÃ> > ʼ" Ê->ÖV ½Êi >L À>À?ÊÕ >Ê iÀ i >`> `Õ ViÊÞÊ ÌÀ>Ê>}À `Õ Vi°Ê-ÕÊÌ> iÀÊ`iÊ V >Ê6i}iÌ>À > >Ê«À « `À? Õ >Ê` iÌ>ÊiµÕ LÀ>`>]Ê >V i ` Ê V>« jÊi Ê«À Ìi >ÃÊÛi}iÌ> ið

! Ý % Ý

,<1 Ê-* Ê/À>Ì> i Ì ÃÊÌiÀ > iÃÊi Ê« i >Ê, LiÀ>Ê`i Ê ÕiÀ °

Wvmhm} SW 9t9 r9t~z

)JTUPSJB WJWB EFM $FSSBUP 3 0SUFHB

/ Ì ÃÊV>À à ÃÊÞÊÕ ÊÀ Ã>` ÊVÀ ÃÌ> ʵÕiÊà À«Ài `iÊ« ÀÊÃÕÃÊ >Ì ViÃÊà Êi ÊvÀÕÌ Ê`iÊÕ ÊÛ i` V>à ÊVi Ìi >À ÊÞÊ`iÊÕ >ÊL `i}>ÊiÝV>Û>`>Ê>Ê ÃÊ« iÃÊ`i ÊV>ÃÌ °Ê ÃÊi Ê i}>` Ê`iÊ,i } Ê`i -> >Ã]ʵÕiÊÃÕÊ >Ê >`>ÊÞÊÃÕÊ Õ iÀ]Ê* >ÀÊ"ÀÌi}>]Ê iÛ> Ê ÞÊV ÊjÝ Ì Ê>Ê ÃÊ iÀV>` ÃÊiÝÌiÀ Àià M ©YJUP FT VO GBOUBTNB RVF TF FTDPOEF Z TF FOUSFHB DBQSJDIPTP B NVZ QPDPT 1FSP TJFOUF QSFEJMFDDJ³O QPS MPT WBMJFOUFT &T FM DBTP EF MBT EPT NVKFSFT RVF TVTUFOUBO DPO TV FTGVFS[P MB CPEFHB N¡T TFQUFOUSJPOBM Z MB ºOJDB QBMFOUJOB EF MB %FOPNJOBDJ³O EF 0SJHFO $JHBMFT "NBEB EF 4BMBT Z TV NBESF 1JMBS 0SUFHB NBOUJF OFO WJWB MB MMBNB EF MPT UJOUPT DBSOPTPT DPO FTUSVDUVSB Z EF MPT SPTBEPT NVMUJWBSJFUBMFT MMFOPT EF NBUJDFT

!

-B CPEFHB 3FNJHJP EF 4BMBT +BM³O FT FO SFB MJEBE VOB DVFWB FYDBWBEB B MPT QJFT EFM DBT UJMMP EF %VF±BT DVZB QJFESB EFTBQBSFDJ³ QBSB DPOTUSVJS FM $BOBM EF $BTUJMMB &TUF DVSTP EF BHVB DSV[B FM NVOJDJQJP QBMFOUJOP FM ºOJDP EF MB EFOPNJOBDJ³O EF PSJHFO JHVBM RVF MP IBDFO MPT EPT HSBOEFT S­PT QBMFOUJOPT FM 1JTVFSHB Z FM $BSSJ³O RVF KVOUBO TVT BHVBT NVZ DFSDB EFM DBTDP VSCBOP /P OPT FODPOUSBNPT FO VO MVHBS DVBMRVJF SB &TUBNPT FO FM $FSSBUP DVZP TVFMP QPCSF -B CPEFHVFSB "NBEB EF 4BMBT KVOUP B MBT NVZ HFOVJOBT CBSSJDBT EF NBEFSB EF DBTUB°P HSJT¡DFP DPO BCVOEBOUF DBTDBKP SFTVMUB UBNCJ©O FRVJMJCSBEP FYUSBPSEJOBSJBNFOUF BQUP QBSB FM WJ±FEP &T VO TVFMP CMBOEP FO FM RVF USBEJDJPOBMNFOUF TF FYDBWBSPO MBT CPEFHBT EPOEF FM WJOP TF FMBCPSB Z FWPMVDJP OB MFOUBNFOUF B TV UFNQFSBUVSB OBUVSBM Ɗ&TUF UJQP EF CPEFHB FT UBO JNQPSUBOUF QBSB MB FMBCPSBDJ³O DPNP FM WJ±FEPƋ EFGJFOEF "NBEB

· >ÀiÌiÊ ÊÀ Ã>` ¶ -PT PS­HFOFT EF MB CPEFHB TF IVOEFO FO MB IJTUPSJB -PT EF MPT MBHBSFT EF %VF±BT UBOUP DPNP IBTUB FM UJFNQP EF MPT SPNBOPT RVJF OFT JOUSPEVKFSPO FM DVMUJWP FO MB QFO­OTVMB &TUBNPT FO VOB EF MBT DPNBSDBT WJUJWJO­DP MBT N¡T BOUJHVBT EF &TQB±B RVF TJFNQSF HFOFS³ VOB JOUFOTB BDUJWJEBE DPNFSDJBM FO UPSOP BM WJOP /VODB UJOUP 4JFNQSF DMBSF UFƑ 0 SPTBEP &M EFCBUF UFSNJOPM³HJDP RVF FT FO SFBMJEBE VOB DVFTUJ³O U©DOJDB TF BCPS EB FO MB WJTJUB B MB CPEFHB Z EFTQJFSUB UBOUP JOUFS©T DPNP MPT QBTJMMPT FYDBWBEPT FO FM DFSSP MBT HSBOEFT CBSSJDBT EF NBEFSB EF DBT UB±P P FM JONFOTP MBHBS FO FM RVF TF QSFOTB CB MB VWB : FT RVF "NBEB Z 1JMBS BEWJFSUFO EF RVF FM WJOP FMBCPSBEP USBEJDJPOBMNFOUF FO %VF±BT FSB FTUSJDUBNFOUF SPTBEP QVFTUP RVF MB VWB TF QSFOTBCB Z FM NPTUP GFSNFOUB CB B EJGFSFODJB EF PUSPT QVOUPT EF MB DPNBS DB FO BVTFODJB EF IPMMFKPT Ɗ&TF FT FM BTQFD

>ÊL `i}>ÊiÃÊ« iÀ>Ê`i i ÌÕÀ Ã ÆÊ`iÊ iV ] Ã i «ÀiÊ >ÊÃ ` ÊÛ Ã Ì>L i

UP GVOEBNFOUBM QBSB EFDJS RVF FTUBNPT BOUF VO SPTBEP N¡T BMM¡ EF RVF NF[DMFNPT WBSJF EBEFT CMBODBT Z UJOUBTƋ EFGJFOEFO -B WJTJUB B MB CPEFHB USBOTNJUF TFOTBDJPOFT DVMUVSB EF WJOP BVUFOUJDJEBE ƊRVF BHSBEFDF FM WJTJUBOUF BDPTUVNCSBEP B PUSP UJQP EF JOT UBMBDJPOFTƋ DPNP TVCSBZB MB SFTQPOTBCMF EF

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

" MB J[RVJFSEB MBHBS USBEJDJPOBM RVF TPSQSFOEF BM WJTJUBOUF 4PCSF FTUBT M¬OFBT BDDFTP B MB CPEFHB 3FNJHJP EF 4BMBT +BM²O FO QMFOP CBSSJP EF CPEFHBT USBEJDJPOBMFT EF %VF°BT

! Ý Ý Ý

QVOUP EPOEF MB NBHB SFWFMB TV TFDSFUP RVF OP &M FRVJQP EF "3(* IB SFDPSSJEP MB CPEFHB BDPNQB±BEP EF TV DPMB FT PUSP RVF FM EJTQPOFS EF IFDU¡SFBT EF CPSBEPS +VMJP 7BMMFT QSFTJEFOUF EF MB "DBEFNJB $BTUFMMBOB Z WJ±FEP QSPQJP EF MBT RVF VO TPO WJ±BT -FPOFTB EF (BTUSPOPN­B Z "MJNFOUBDJ³O $PNP FM WJTJUBOUF IB WJFKBT EF B±PT DPNP Z /VODB TF DPOPDJEP MB DVFWB FYDBWBEB Z IB DBUBEP TVT WJOPT DPNFO[BOEP QPS SJFHB 4PO WJEFT TFMFDDJPOBEBT DPO JOKFSUPT FO FM SPTBEP -BT -VDFSBT VOB KPZB FMBCPSBEB B QBSUJS EF EPT WBSJFEB DBNQP TF FMFH­BO MBT NFKPSFT WJ±BT Z TF JOKFS EFT UJOUBT HBSOBDIB Z UFNQSBOJMMP Z EPT CMBODBT WFSEFKP Z BMCJMMP UBCBO TPCSF QBUS³O BNFSJDBOP Ɗ1PS FTP UFOF 4PSQSFOEF RVF TFB DBTJ DSJTUBMJOP Z RVF OP HVBSEF SFMBDJ³O DPO MBT NPT VO QBUSJNPOJP WJU­DPMB JNQSFTJPOBOUF FYQFDUBUJWBT RVF EFTQJFSUB BM WFSMP FO DPQB QBSFDF MJHFSP QFSP PGSF DPO MBT NFKPSFT DFQBTƋ DF VOB DPNQMFKJEBE JNQPSUBOUF &M EF SFTVMUB BHSBEBCMFNFO UF GMPSBM BVORVF PUSPT B±PT QSFEPNJOBO MBT GSVUBT &TF QBUSJNPOJP DPOTUJUVZF MB QSJO SPKBT $PO BMHP EF DBSC³OJDP Z TJO BDJEF[ FYDFTJWB DJQBM IFSFODJB SFDJCJEB EF TV "M UPNBS UFNQFSBUVSB FNFSHFO MBT QSPQJFEBEFT EF iÊÃÕÊ«>ÌÀ ÊÛ Ì V > QBESF 3FNJHJP B QBSUFT JHVBMFT MB WFSEFKP UBOUP FO OBSJ[ DPNP FO CPDB FM DPOPDJNJFOUP Z FM DBSJ±P `iÃÌ>V> ÊÕ >ÊÌi «À> DPO QPS MB CPEFHB -B SFDPNQFOTB BM 5BNCJ©O DPOPDFO VO KPWFO SPCMF DPO TFJT NFTFT ÞÊÕ >Ê}>À >V >Ê iÀÌ>`>Ã USBCBKP MMFHB EF MB NBOP EFM SFDP FO CBSSJDB UFNQSBOJMMP Z HBSOBDIB DPO NVDIB OPDJNJFOUP QPS QBSUF EFM NFSDB i ÊV> « GSVUB Z VO UPRVF EF NBEFSB &M DSJBO[B PGSFDF VOB EP RVF DBEB WF[ WBMPSB N¡T MPT DBQB EF DPMPS NVZ JNQPSUBOUF FO OBSJ[ EFTUBDBO SPTBEPT 5BNCJ©O FO MBT FYQPSUB MBT OPUBT FTQFDJBEBT WBJOJMMB SFHBMJ[ Z FO CPDB FT DBSOPTP DPO DJPOFT RVF ZB TVQPOFO FM EF MBT WFOUBT WPMVNFO -B DBUB GJOBMJ[B DPO FM SFTFSWB DPO NFTFT FO CBSSJDB &OUSF MBT BTJHOBUVSBT QFOEJFOUFT MB EF TFEV ƊFM UJFNQP RVF OPT QJEF FTUF WJOPƋ BHSBEBCMF FO CPDB QFSP DPO DJS B BMHVOBT EF MBT DJVEBEFT EFM FOUPSOP RVF NVDIB FTUSVDUVSB &M WJOP TF DPOTFSWB NVZ FOUFSP DPO NVDIB NVDIBT WFDFT TF DJ±FO B VO QV±BEP EF NBS FTUSVDUVSB Z MB NBEFSB OP TF IB ƆDPNJEPƇ BM WJOP FO FTPT EPT B±PT DBT DPOPDJEBT Z EFNVFTUSBO NFOPS BNQMJUVE 1BSB +VMJP 7BMMFT ƊFT VO WJOP RVF JOWJUB B TFHVJS CFCJFOEPƋ Z EF NJSBT RVF DPOTVNJEPSFT TJUVBEPT B NJMFT "NBEB MP SFDPNJFOEB QBSB BDPNQB±BS MBT DPNJEBT &T FO FTUF EF LJM³NFUSPT

±±± 9 hm W

- 5Ý Ý Ý

MB CPEFHB BDUVBM WJDFQSFTJEFOUB EF MB 3VUB EFM 7JOP EF $JHBMFT : FT RVF FTUB CPEFHB DFSSBUF±B FT QJPOFSB FO FOPUVSJTNP %F IFDIP TJFNQSF TF IB WJTJUBEP Z TJFNQSF IB TJEP VO JNQPSUBOUF QVOUP EF WFOUB 1BSB "NBEB ƊBNCBT DPTBT WBO VOJEBT QPSRVF FM WJOP TF EJTGSVUB DVBOEP USBOTNJUF BMHP OP FT MP NJTNP DPNQSBSMP FO VOB HSBO TVQFSGJDJF RVF FO MB QSPQJB CPEFHB EFTQV©T EF IBCFS WJTUP D³NP TF FMBCPSBƋ

ÊiÃÊiÝ>}iÀ>` Ê>v À >ÀʵÕiÊ Õi >à >LÀ >Ê`iÃ>«>ÀiV ` Ê`i Ê >«>ÊÛ Ì Û V >ÊÃ Ê >Êv }ÕÀ>Ê«À Û `i V > Ê`i ,i } Ê`iÊ-> >Ã]Êi ÊL `i}ÕiÀ ʵÕi ÃiÊi «iV Êi Ê > Ìi iÀÊ >ÊÌÀ>` V Êv> >ÀÊ`i ÊÛ i` Ê>Ê«iÃ>ÀÊ`i µÕiÊ >ViÊ i` Êà } Ê Ê¼ `iÀ ½ iÀ>Ê>ÀÀ> V>ÀÊ >ÃÊVi«>ÃÊÞÊ`i` V>ÀÊ > Ì iÀÀ>Ê>ÊVÕ Ì Û ÃʵÕiÊ`>L> Ê ?ÃÊ` i À °Ê,i } ]Êv> iV ` Êi ÊÓ䣣]ÊÃi v À ÊV Ê >iÃÌÀ ÊL `i}ÕiÀ Êi >Ê, >ÊÞÊ>« ÃÌ Ê« ÀÊ >ÊÛ >Êv> >À] V ÊÕ ÊV Vi«Ì Ê`iÊV> `>`Ê>`i > Ì>` Ê>ÊÃÕÊÌ i « °Ê/> L j ÊÃiÊÀiÛi V ÊÕ ÊÛ Ã >À ÊVÕ> ` Ê«À «Õà ÌÀ `ÕV ÀÊ ÃÊÛ ÃÊÌ Ì ÃÊi Êi Ê«À iÀ Ài} > i Ì Ê`iÊ >Ê "Ê }> iÃ]Ê>Õ µÕiÊÃÕÊ«À «ÕiÃÌ>Ê Êi V ÌÀ >« Þ °Ê >ÊÀi> `>`Ê iÊ` Ê >ÊÀ>â ] V ÊÌ> Ì>ÃÊÛiViÃÊÃÕVi`iÊV ÊµÕ i iÃÊÀià ÃÌi Ê ÃÊV> Ì ÃÊ`iÊà Ài >] V ÊµÕ i iÃÊÃiÊÀiLi > Ê> ÌiÊ >ÊÌ À> > `iÊ >ÃÊ `>ð

-PT SFTQPOTBCMFT EF &M "MNBD¨O QPTBO FO FM BDDFTP BM FTUBCMFDJNJFOUP

*NBHFO EFM DPNFEPS DPO VOB QBOPS NJDB QSJWJMFHJBEB EF MBT NVSBMMBT EF MB DJVEBE

$PDJOB EF TFOUJNJFOUPT M DJFMP FTU¡ DVCJFSUP EF OVCFT HSJTFT B MBT RVF MB NVSBMMB BCV OFT FO &M QSJNFS GJO EF TFNBOB ZB TF MFOTF OP QBSFDF JOUJNJEBS B QFTBS EF TV JNQPOFOUF QSFTFODJB MMFO³ FM DPNFEPS Z MB BGMVFODJB NBTJWB TF .VZ DFSDB FO MB 4JFSSB EF (SFEPT OJFWB -B QSJNBWFSB MMBNB NBOUVWP EVSBOUF MPT EPT QSJNFSPT B±PT TVQF B MB QVFSUB QFSP IBDF GS­P EF JOWJFSOP "M PUSP MBEP EFM EJOUFM MB D¡MJ SBOEP DPO DSFDFT MBT NFKPSFT FYQFDUBUJWBT EF EB WP[ EF VOB DBOUBOUF EF KB[[ DBMEFB VO BNCJFOUF ZB EF QPS T­ BDP MPT QSPQJFUBSJPT HFEPS /P RVFEB NVDIP QBSB RVF MPT DPNFOTBMFT DPNJFODFO B MMF HBS B &M "MNBD©O +VMJP %FMHBEP EJTGSVUB EF MB NºTJDB RVF JOVOEB FM MPDBM NJFOUSBT IBDF MPT ºMUJ - ÊÌÀÕV Ã NPT QSFQBSBUJWPT .JNB DBEB EFUBMMF 4V NVKFS

iÃ`iÊ ÃÊÛi Ì> > iÃÊÃi Ɗ2VFS­BNPT IBDFS VO SFTUBVSBOUF *TJEPSB #FPUBT UJFOF MPT QVDIFSPT B QMFOP SFOEJ NJFOUP &T MB DBMNB RVF QSFDFEF BM BKFUSFP EJBSJP ` ÃvÀÕÌ>Ê`iÊÕ >Ê iÀ Ã> QBSB MB HFOUF EF MB DJVEBE EJGFSFO FO VO SFTUBVSBOUF RVF FT SFGFSFODJB HBTUSPO³NJDB UF B MP RVF IBC­B IBTUB FOUPODFT Û ÃÌ>Ê`i ÊÀ ÊÞÊ >Ê ÕÀ> > 1BSB HFOUF KPWFO Z DPO QSFDJPT FO WJMB %PT ƆTPMFTƇ 3FQTPM Z FM DVBSUP EF TJHMP EF BDUJWJEBE RVF DFMFCSBS¡ &M "MNBD©O FM QS³YJNP SB[POBCMFT 1FOT¡CBNPT FO DPTBT B±P MP EJDFO DBTJ UPEP NVZ IVNJMEFT Z OPT NBOUFOFNPT FO FTB GJMPTPG­B )FNPT EFSJWBEP QPS EPOEF MB 1PDP B QPDP DPNJFO[B FM HPUFP EF DMJFOUFT -BT QSJNFSBT NJSBEBT TF HFOUF OPT IB MMFWBEPƋ FYQMJDB +VMJP RVF BºO EJSJHFO BM WFOUBOBM EFM DPNFEPS -BT HPMPOESJOBT DB[BO JOTFDUPT B TJHVF FO MB OVCF RVF JNBHJOBCB FO TVT KVFHPT SBT EF MB M¡NJOB EF BHVB EFM S­P "EBKB -B FTUBNQB MB QSFTJEF VOB EF JOGBODJB DVBOEP TV EFTFP N¡T GFSWJFOUF WF[ N¡T MB NVSBMMB -B QBOPS¡NJDB USBOTNJUF NVDIP TPTJFHP +VMJP FSB FM EF UFOFS VO SFTUBVSBOUF -B EFNBOEB EF DPNQS³ B TVT QBESFT MB WJFKB DBTB RVF GVF FO PUSPT UJFNQPT BMNBD©O VOB DMJFOUFMB FYJHFOUF IB USB­EP DPOTJHP RVF EF DPMPOJBMFT Z QBOFSB -B QBSFKB WJP FO FTUF MVHBS FM FTDFOBSJP QFS &M "MNBD©O JODMVZB FO TV DBSUB BEFN¡T EF MBT GFDUP QBSB RVF TV TVF±P FDIBSB B WPMBS HFTUJPOBS FM SFTUBVSBOUF RVF FYDFMFOUFT DBSOFT EF MB QSPWJODJB MPT NFKPSFT MFT IFSW­B EFOUSP 5SBT DBTJ USFT B±PT EF PCSBT FODFOE­BO MPT GPHP QFTDBEPT &M DMJFOUF TJFNQSF UJFOF SB[³O " MPT

!

±±± 9 hm W

3Ý Ý

"MGSFEP "MMFOEF

Õ Ê i }>` ÊiÊ Ã ` À>Ê i Ì>ÃÊiÃÌ? Ê>Ê«Õ Ì Ê`iÊVÕ « ÀÊÓxÊ> ÃÊ> ÊvÀi ÌiÊ`iÊ Ê >Vj ]ÊÕ ÀiÃÌ>ÕÀ> ÌiÊ`iÊV V >ÊÌÀ>` V > ʵÕiÊiÃÊÀiviÀi V >Êi Ê >ÊV Õ`>`Ê`iÊ Û >°Ê ÊLÕi ÊÌÀ>Ì Ê`i i ÀÊ«À `ÕVÌ ]Ê >Ê}À> ÊL `i}>ÊÞÊÕ ÊVÕ `>` Ê> L i ÌiÊi ÊÃ> >Êà Ê> }Õ ÃÊ`iÊÃÕÃÊÛ> ÀiÃÊ

*TJEPSB #FPUBT FO TV DPDJOB "CBKP VO QMBUP EF BMVCJBT IVFWP GSJUP DPO DBSBCJOFSP BSSP[ DPO UJCVS²O Z DBOVUJMMP SFMMFOP

DPNFOTBMFT EF MB QSJNFSB ©QPDB BCVMFOTFT FO TV HSBO NBZPS­B TF IBO TVNBEP DPO FM QBTP EFM UJFN QP PUSPT MMFHBEPT EF EJTUJOUBT DJVEBEFT 4PO NVDIPT MPT UVSJTUBT RVF JODMVZFO &M "MNBD©O FO TV MJTUBEP EF WJTJUBT PCMJHBEBT DVBOEP BDVEFO B WJMB *TJEPSB WB Z WJFOF 4F TJFOUB VOPT NJOVUPT UPNB VO TPSCP EFM EFMJDJPTP QBMP DPSUBEP DPO FM RVF IPZ

>ÊV V >ÊiÃÊÃ ViÀ>]Ê`i i >L À>V Ê i Ì>ÊÞÊV Ê > «À À `>`Ê«ÕiÃÌ>Êi ÊÃ>V>ÀÊ > Ê« >Ì ÊÌ ` Êi ÊÃ>L À

PCTFRVJBO B MBT WJTJUBT Z SFHSFTB B UPEB QSJTB DPNP TJ IVCJFSB PMWJEBEP BMHP B MPT GPHPOFT %FUS¡T EF T­ RVFEB DPNP GMPUBOEP QBSUF EF MB FOFSH­B RVF EFT CPSEB Z RVF UFSNJOB QPS DPOUBHJBS B TV BMSFEFEPS Ɗ.J DPDJOB TPO NJT TFOUJ NJFOUPTƋ EJTQBSB Ɗ)PZ NF IF QVFTUP B IBDFS DBMMPT DPO HBSCBO[PT QPSRVF NF IB BQFUFDJEPƋ TVFMUB &T VOB DPN

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

CBUJFOUF EF MB DPDJOB ƊB MB BOUJ HVB VTBO[BƋ VOB DPOWFODJEB EF MB DPNJEB RVF TF USBCBKB FO FM GPH³O BOUFT EF QPOFSMB TPCSF MB NFTB /P DPNQBSUF MB JEFB EF MBT QSFQBSBDJPOFT QSFWJBT SFBMJ[BEBT DPO NVDIB BOUFMB DJ³O FO MBT RVF FM DPNFUJEP EFM DPDJOFSP TF SFEVDF BM NPOUBKF FO MPT NPNFOUPT QSFWJPT B TFS WJS FM QMBUP &O MB GBNJMJB EF *TJEPSB OP IBC­B BOUFDFEFOUFT EF DPDJOF SPT QSPGFTJPOBMFT BVORVF MBT NVKFSFT TF EFTFOWPMW­BO DPO ©YJUP FOUSF MPT DBDIBSSPT Ɗ.J CJTBCVFMB *TJEPSB $BTBEP FSB VOB HSBO DPDJOFSB /P EFK³ RVF MF QVTJFSBO TV OPNCSF B OBEJF QPSRVF EFD­B RVF FSB NVZ GFP 1FSP B N­ T­ : BEFN¡T NF FDI³ VOPT QPMWJUPT QBSB RVF GVFSB DPDJOFSBƋ BTFHVSB 0SHVMMP EF CJ[OJFUB 4V QBESF TF FNQF±³ FO RVF FTUVEJBSB 'BSNBDJB DPNP ©M QFSP OP MMFH³ B UFSNJOBS 4V WPDBDJ³O QPE­B N¡T $POPDJ³ B +VMJP DVBOEP TF MP QSFTFOU³ VOB DPN QB±FSB EF GBDVMUBE RVF FSB IFSNBOB EF ©M &M IBNCSF Z MBT HBOBT EF DPNFS

º Ì>ÕÀ> ÌiÊ«>À>ÊV iÀ]Ê>à ʵÕi à ÌÀ ÃÊÌÀ>Ì> ÃÊ`iÊ >ViÀ vi âÊ>Ê >Ê}i ÌiÊÕ ÊÀ>Ì Ì »

&O &M "MNBD©O UPEP USBOTDVSSF DPO DBMNB /J FM IFSWPS EF MPT QVDIFSPT OJ MB TPCSFNFTB DPOPDFO MBT QSJTBT 5BNQPDP OBEJF TBDB DPOFKPT EF MBT DIJTUFSBT OJ IBZ GVFHPT BSUJGJDJBMFT JOKVTUJGJDBEPT Ɗ.F MFWBOUP FM TPNCSFSP BOUF RVJFO IBHB VO USBNQBOUPKP EF VO DIVMFU³O EF WJMBƋ SFUB TPDBSS³O +VMJP %FMHBEP 5PEB VOB GJMPTPG­B EF USBCBKP *ODMVTP EF WJEB

±±± 9 hm W

3Ý Ý

+VMJP %FMHBEP FO MB CPEFHB EF TFSWJDJP

-B BMUB DBMJEBE EF MB NBUFSJB QSJNB FT VOP EF MPT WBMPSFT EFM SFTUBVSBOUF Ɗ6UJMJ[BNPT FM NFKPS QSPEVDUP BRVFM BM RVF MP ºOJDP RVF QVFEFT IBDFS FT FTUSPQFBSMP VOP NBMP OP WBT B QPEFS BSSFHMBSMPƋ EFTDSJCF *TJEPSB Ɗ4J OP QBSUFT EF VO CVFO QSPEVDUP OP IBDFT OBEBƋ TF SBUJGJDB -B DBSUB QVFEF DBN CJBS EF VOB TFNBOB B PUSB Ɗ/BEJF OFDFTJUB JS B VO SFTUBV SBOUF QBSB DPNFS BT­ RVF OPTPUSPT USBUBNPT EF IBDFS GFMJ[ B MB HFOUF VO SBUJUPƋ EFTWFMB +VMJP RVF FKFSDF DPNP KFGF EF TBMB Z FYQFSUP TVNJMMFS &T QSF DJTBNFOUF FO MB CPEFHB EPOEF UJFOF VOB EF TVT QBTJPOFT $PNQSB MPT WJOPT RVF MF FOUV TJBTNBO BUFOEJFOEP B DBEB B±BEB DPO MB DPO GJBO[B EF RVF FM DMJFOUF UBNCJ©O EJTGSVUB S¡ EF FMMPT "MHVOBT ©QPDBT IB DPOUBEP DPO N¡T EF SFGFSFODJBT *NQPTJCMF >` iÊ iVià Ì>Ê ÀÊ>ÊÕ ÊÀià OP FODPOUSBS VOP RVF OP UF TBUJTGBHB QMF OBNFOUF

—W™£9ª—9z£W™

#Ă?

'—W™mSWzÂŁWÂ&#x;SWÂ&#x;t9Â&#x;Ă—O9SWvm9 9™£Wtt9z9Â&#x;ÂłÂ&#x; W}zW™9Â&#x;SW 9™£—}z}vn9Â&#x;ÂłÂ&#x;Ă—tmvWzÂŁ9Om~z

'

&M NBM TFSWJDJP EF TBMB

ab WX _bf cXefbaT]Xf `yf \`cbegTagXf WX_ aXZbV\b WX _T [bgX_Xe„T l _T eXfgTheTV\‰a 6XfTe E\gm VeXTWbe WX _T VTWXaT E\gm 6Te_gba _Tam‰ ha _X`T cTeT WXY\a\e X_ fXei\V\b T_ V_\XagX Xa Xfgbf XfgTU_XV\`\Xagbf´7T`Tf l VTUT__Xebf T_ fXei\V\b WX WT`Tf l VTUT__Xebf . W\Y„V\_`XagX fX chXWX WXY\a\e `X]be _b dhX Xf _T eX_TV\‰a XageX V_\XagX l VT`TeXeb!

_bf V_\XagXf cbe fXe WXY\V\XagX`XagX TgXaW\Wbf! 8fgT`bf TagX haT WXV\f\‰a X`ceXfTe\T_ WX ZeTa eX_XiTaV\T Xa _bf eXf gTheTagXf UTeXf l VTYXgXe„Tf! Ab XfYbemTefX Xa VbagTe Vba cXefbaT_ TWXVhTWb Xf X_ WXgbaTagX WX ha YeTVTfb TahaV\T Wb. ha UhXa cebYXf\baT_ WX fT_T Xf haT ZeTa \aiXef\‰a gTa \`cbegTagX Vb`b _bf UhXabf cebYXf\baT_Xf WX VbV\aT! Ab iT_X TVhW\e T_ gTa `Ta\Wb W\fVhefb WX dhX ab [Tl cebYXf\b aT_Xf TWXVhTWbf. [Tl dhX UhfVTe_bf l cTZTe_bf VTWT W„T [Tl `X]beXf fh`\__XeXf dhX chXWXa TVghTe Xa fT_T l cbe bgeT cTegX _bf Vhefbf WX XfgT XfcXV\T_\WTW dhX fX \`cTegXa Xa _Tf XfVhX_Tf WX VbV\aT fba VTWT W„T `yf ah`Xebfbf l `X]beXf cXeb _bf X`ceXfT e\bf WX_ fXVgbe ab _Xf VbageTgTa Vba fhX_Wbf TWX VhTWbf T fh ceXcTeTV\‰a a\ Xai„Ta T fhf cebc\bf X`c_XTWbf T Xfgbf Vhefbf WX XfcXV\T_\mTV\‰a!

CXeb Xfgb fX [T VbaiXeg\Wb Xa _T TVghT_\WTW Xa ha fhchXfgb \W„_\Vb `hl T_X]TWb WX _T eXT_\WTW Vbg\W\TaT Xa ahXfgebf eXfgTheTagXf Vb`b f\X`ceX fT_iTaWb [baebfTf XkVXcV\baXf __XaTf WX cebYXf\baT_\WTW l fXag\Wb Vb`Ža! Œ6hyagTf iXVXf [X`bf WXV\W\Wb ab ib_iXe T ha eXfgTheTagX cbe fXag\eabf `T_geTgTWbf2 B cbe X_ VbageT e\b Œab Xf V\Xegb dhX _bf eXfgTheTagXf dhX `yf YeXVhXagT`bf fba TdhX__bf Xa l! � � � _bf dhX `X]be abf geTgTa2 @hV[Tf iXVXf � � [X W\V[b l Xa ah`Xebfbf Ybebf dhX �

Ă? Ă? iXaWX `yf haT YeTaVT fbae\fT WX dh\Xa

Ă? Ă? Ă? Ă? abf Tg\XaWX dhX haTf `TZa„Y\VTf T_hU\Tf 8a _T TVghT_\WTW `hV[bf fX Xfgya ]hZTaWb X_ U\Xa XfgbYTWTf! 8f aXVXfTe\b dhX ahXf cbeiXa\e cbe T[beeTe Xa fT_Te\bf l ab VbagTe Vba § Ă? k _bf cebYXf\baT_Xf TWXVhTWbf. X_ V_\XagX VTWT iXm gebf eXfgTheTWbeXf eXY_Xk\baXa fbUeX Xf `yf Xk\ZXagX ThadhX Xa ahXfgeb cT„f TVbf Xfgb. Xf aXVXfTe\b dhX cbgXaV\Xa Vba cebYXf\baT_Xf ceXcTeTWbf XfgX TfcXVgb gh`UeT`bf T ab dhX]Teabf XWhVTWT`XagX WX_ `T_ fXei\V\b l abf _\`\gT`bf T ab ib_iXe _b dhX VehV\T_ WX_ aXZbV\b! ?T `bg\iTV\‰a fbV\T_ W\Y\Vh_gT Xa `hV[bf VTfbf _T eXfb_hV\‰a WX_ cebU_X`T cbe dhX g\XaX _T VbV\aT ab _T g\XaX _T fT_T b X_ fXei\V\b WX VT`TeXebf T cXfTe WX dhX XfgT Xf _T ce\`XeT l _T ÂŽ_g\`T \`TZXa dhX abf __XiT`bf WX_ eXfgTheTagX X_ UTe b _T cTegX WX_ XfgTU_XV\`\Xagb dhX YeXVhXagX`XagX Tge\UhlX T _T Ve\f\f _T YT_gT WX V_\XagXf VhTaWb eXT_`XagX Xf dhX bYeXVX VTYXgXe„T l WX dhX TVTUT cbe WXY\a\e ahXfgeT VT_\Y\VTV\‰a T_ XfgTU_XV\`\Xagb! ha fXei\V\b WXY\V\XagX! 6ba UhXabf cebYXf\baT_Xf gXaWe„T @hV[bf VbV\aXebf b WhXˆbf WX XfgTU_XV\`\Xagbf [bfgX_Xebf fX dhX]Ta WX dhX \aYbe`TV\‰a fbUeX f\ _b dhX fX f\eiX Xf WX_ TZeTWb WX_ V_\Xa ab [Tl cebYXf\baT_Xf! EbghaWT`XagX ab Xf V\Xegb! ?b dhX bVheeX Xf dhX ab fX gX l Xfgb WT haT cThgT fXZheT cTeT `X]beTe! HaT UhXaT _Xf cTZT VbaiXa\XagX`XagX l fX eXVheeX T cXefbaT_ `hl cbVb VhT_\Y\VTWb l VbaXk\‰a XageX VbV\aT l fT_T Xf \aW\fcXafTU_X cTeT ge\haYTe TWX`yf Xa XfgX VTfb ab fX _X WT _T \afgehVV\‰a VbaiXa\XagX! 8a _T TVghT_\WTW X_ Xa _T [bfgX_Xe„T `bWXeaT l fbUeX gbWb dhX ha VbV\aXeb cXefbaT_ WX fT_T fX VbageTgT Vb`b `Xeb geTafcbegTWbe WX c_Tgbf l ab Vb`b chXWX Xkc_bgTe _T TcbegTV\‰a dhX _X WT _T fT_T Xa beWXa T _bf Y\ZheT VehV\T_ cTeT X_ €k\gb WX_ XfgTU_XV\`\Xagb! Ab fX geTgT WX __XZTe T _b dhX Tˆbf g\X`cbf WX fXei\V\b T _bf Zhfgbf WX _bf Vb`XafT_Xf dhX Tgeyf fX XaVbageTUT Xa _bf `X]beXf XfgTU_XV\`\Xagbf Xf WXV\e cXefbaTf dhX Xfgy TgXaW\XaWb T _Tf ZhTea\V\baXf dhX WXfXT VT`U\Te XgV! cbW„Ta \aV_hfb eXT_\mTe c_Tgbf T _T i\fgT WX_ V_\XagX l dhX WX`bfgeTUTa fh ZeTa HaT `T_T abgT Xa X_ fXei\V\b WX fT_T Xf WX`b_X iT_„T! 8fgb Xf VTWT iXm Xf `yf Vbee\XagX Wbe cTeT X_ €k\gb WX ha eXfgTheTagX gT_ Vb`b l! ! Ă?ÂşĂ? Ă? > Xa _bf eXfgTheTagXf WX iTaZhTeW\T WX _b chXWX bUfXeiTefX Xa _bf VTaT_Xf WX \aYbe`TV\‰a

Ă? Ă?> VhT_ Xf cTeTW\Z`T X_ `TWe\_Xˆb 7\iXekb WX _Tf eXWXf fbV\T_Xf WbaWX fX Vb`cehXUT dhX X_ aÂŽ`Xeb hab Ab`T l [TVX g\X`cb 8_ Xa haT ZeTa cebcbeV\‰a fX ce\`T YhaWT`XagT_ Ă? 9 Ă? 5h__\! 6b`b XYXVgb WX _T VbV\aT `bWXeaT `XagX _T bc\a\‰a WX_ fXei\V\b l fX WXfgTVT f\ Xf Ă? ž Ă?k X_ VT`TeXeb g\XaX ha ahXib cebgTZba\f `T_T WX haT Ybe`T VbaghaWXagX! Cbe gTagb [Tl `b l chXWX TVghTe Xa _T fT_T Vb`b haT dhX cbaXefX T geTUT]Te Xa XfgX TfcXVgb WX _T eXf ceb_baZTV\‰a WX_ V[XY Xkc_\VTaWb _bf gTheTV\‰a. Xf ha y`U\gb Xa X_ dhX [Tl `hV[b c_Tgbf l _bf \aZeXW\XagXf dhX Vbag\XaX VT`\ab cbe eXVbeeXe l haT ZeTa bVTf\‰a cTeT _b dhX f\Za\Y\VT haT XkcXe\XaV\T cbf\g\iT cTeT dhX X_ V_\XagX Xag\XaWT _T ZTfgeb `X]beTe! 6hT_dh\Xe VT`U\b YTibeTU_X Xa _T TgXaV\‰a T_ V_\Xa ab`„T `yf VeXTg\iT! gX fX iXey eXVb`cXafTWb WX \a`XW\Tgb. X_ UbVT T UbVT gTa ÂŽg\_ cTeT X_ ceXfg\Z\b fbUeX gbWb WX _bf cXdhXˆbf XfgTU_XV\ ?T Xib_hV\‰a WX _bf ÂŽ_g\`bf Tˆbf [T [XV[b dhX _T cebYXf\‰a WX_ cXefbaT_ WX fT_T `\Xagbf Xfgy f\X`ceX fhfgXagTWb cbe _Tf T_TUTamTf T XfT [TlT cTfTWb cbe haT Ve\f\f `hl cebYhaWT. fX ceXfV\aWX WX _bf `X]be ceXcTeTWbf TgXaV\‰a dhX gbWbf WXfXT`bf T XfT fbae\fT dhX gTagb Xa TeTf WX ha Xdh\ibVTWb T[beeb dhX ab [TVX `yf dhX cebYhaW\mTe _T Ve\f\f XfcXeT`bf T XfT cebYXf\baT_\WTW gTa aXVXfTe\T Xa _bf dhX fbUeX gbWb Xa XfgTU_XV\`\Xagbf WX g\cb `XW\b l T_gb dhX Vb`cbegT haT eXWhV abf Tg\XaWXa T _T [beT WX Vb`Xe WX UXUXe Xa WXY\a\g\iT WX V\‰a WX YTVgheTV\‰a cbe X_ XYXVgb dhX eXfh_gT WX_ `T_ fXei\V\b l WX _Tf dhX]Tf WX W\fYehgTe!

b9OWF}}sÂŒO}vž—W°m™£9Ă—)

ÂŁÂąmÂŁÂŁW—ŒO}vž—W°m™£9Ă—)

2 ) ºÝ Ý *}Om9 O}z ªt£} 9 -*-

-B FTUSFMMB FTU FO MPT EFUBMMFT `bf WXV\e dhX Vb_bVTa haT XfgeX__T `yf Xa X_ VTegX_ WX _T XageTWT XfT dhX ab fX iX l dhX `hl cebUTU_X `XagX fXT _T dhX abf __XiX T Vb`cTeg\e ahXfgeT XkcX e\XaV\T VhTaWb abf XaVba geX`bf Vba T`\Zbf l YT`\ _\TeXf! B cbe fhchXfgb Xa _Tf gbWbcbWXebfTf eXWXf fbV\T_Xf dhX fX [Ta Vba iXeg\Wb cTeT U\Xa b cTeT `T_ Xa ha T`c_\Y\VTWbe WX _b i\i\Wb!

6OB EF MBT IBCJUBDJPOFT EFM IPUFM CPVUJRVF &M -BHBS EF *TJMMB FO -B 7JE #VSHPT

5

\X`ceX [Tl dhX gb`Te T_ZhaT eXYXeXaV\T Xa X_ `b`Xagb WX [TVXe _T eXfXeiT WX ha [bgX_ b VTfT eheT_ cXeb ¦fba _Tf XfgeX__Tf l _Tf VTgX Zbe Tf X_ `X]be VT`\ab cTeT [TVXe _T X_XVV\ a2 ?bf g\X`cbf [Ta VT`U\TWb l Xk\fgXa \aY\a\WTW WX cebWhVgbf Tg c\Vbf l be\Z\aT_Xf dhX ab fX chXWXa VTgT_bZTe WX `TaXeT f\`c_X l fXaV\__T l dhX f\a X`UTeZb Vh`c_Xa gbWbf _bf eXdh\f\gbf cTeT ZTeTag\mTe haT XfgTaV\T `X`beTU_X!

FX [Ta Thgb`Tg\mTWb l Xa `hV[Tf bVTf\baXf WXf[h `Ta\mTWb _Tf eXfXeiTf _T U fdhXWT WX \aYbe`TV\ a \aV_hfb X_ V `b l X_ W aWX _b VbagT`bf cXeb f\ T_Zb g\XaX _T \aWhfge\T WX_ ghe\f `b Xf dhX Xfgy [XV[T cbe cXefbaTf l W\e\Z\WT T cXe fbaTf cbedhX fX geTgT WX VeXTe l WX W\fYehgTe fXafT V\baXf! Ha [bgX_ Vb`b _bf T_b]T`\Xagbf Vba VTeyVgXe ZXaXeT_ Xfg a f\ghTWbf Xa V\hWTW b Xa ha Xagbeab eheT_ WXfWX _bf ( XfgeX__Tf WX _h]b [TfgT _bf Vy` c\aZf TVTUTa f\XaWb cbe XaV\`T WX _b dhX iX`bf Xa YbgbZeTY Tf l abf VhXagTa _bf Yb__Xgbf ha eXY_X ]b WX _Tf cXefbaTf dhX _Xf WTa i\WT l dhX g\XaXa VTWT W T Xa fh `Tab `TeVTe _T W\YXeXaV\T f\a gXaXe Xa VhXagT Vhyagb Ue\__T _T c_TVT Vb_ZTWT Xa _T chXe gT ce\aV\cT_!

±±± 9 hm W

6TfTf eheT_Xf Vba ]TVhmm\ l i\fgTf T_ e b cXdhX bf [bgX_Xf eheT_Xf f\a TfVXa fbe cXeb Vba VbV\aTf W\ZaTf WX ZeTaWXf eXfgTheTagXf [bgX_Xf WX V\hWTW Vba ?T \aW\VTV\ a fbUeX _Tf XfgeX__Tf WX ha [bgX_ ZTeTa e\aVbaXf T]TeW\aTWbf fbeceXaWXagXf« Abf XaVbageT`bf Vba fbeceXfTf g\mT T_ [h fcXW haTf ` a\`Tf \afgT_TV\baXf l habf cbf\g\iTf VhTaWb _bf cebc\XgTe\bf l _Tf cXefbaTf dhX VbaYbe`Ta X_ Xdh\cb ` a\`bf fXei\V\bf cXeb ab ZTeTag\ WX geTUT]b WX Xfgbf XfgTU_XV\ mTa _T VT_\WTW WX Xfbf fXei\V\bf l _T `\Xagbf WXV\WXa XfgTe ha cTfb `TZa\ghW WX _T XkcXe\XaV\T dhX fX cbe XaV\`T WX _T f\`c_X abe`T l l' Ý Ý Ý

UhfVT l dhX fX TVTUT i\i\XaWb! _T fbeceXfT chXWX fXe aXZTg\iT Ý Ý 8kcXe\XaV\T dhX ahaVT WXUX`bf VhTaWb fX [T UhfVTWb f\ghTe_b Xa b_i\WTe i\XaX `TeVTWT cbe _Tf _T `yk\`T VTgXZbe T f\Zh\XaWb Ý Ý9 Ý Ý Ý

XkcXVgTg\iTf dhX [X`bf ZXaXeTWb habf XfgyaWTeXf WX `Xgebf VhT

Ý Ý Ý Ý Ý

Vba _T U fdhXWT cbe VTgXZbe Tf l WeTWbf X \afgT_TV\baXf T _bf dhX Ý ¦ Ý Ý dhX _hXZb [X`bf \Wb T_\`XagTaWb fX _Xf [T b_i\WTWb WbgTe WX T_`T! Vba _bf Vb`XagTe\bf WX T`\Zbf Ý Ý Ý Ý Ýk VbabV\Wbf!!! l WXfVbabV\Wbf ¶ba ?T VT_\WXm _T cXefbaT_\mTV\ a l _\aX·! _bf WXgT__Xf fba _bf dhX cbWe T

9tmvWz£} SW 9tWzOm9

5FTPSPT QBMFOUJOPT

3FEBDDJ²O

>Ê«À Û V >ÊiÃÊ«À ` }>Êi Ê`iVi >ÃÊ`iÊ >ÌiÀ >ÃÊ«À >à `iÊ}À> ÊÀi iÛ> V >Êi Êi Ê? L Ì Ê`iÊ >Ê}>ÃÌÀ >°Ê ÊV ÕLÊ`iÊ i Ì ÃÊ`iÊ*> i V >]ʵÕiÊ«À ÕiÛiÊ >

«ÕÌ>V Ê*À Û V > ]Ê}>À> Ì â>Ê >ÊV> `>`Ê`iÊÌ ` ÃÊ ÃÊ«À `ÕVÌ ÃÊÞÊÃiÀÛ V ÃÊ>` iÀ ` ÃÊ>ÊiÃÌ>Ê >ÀV> BMFODJB EFTEF MB NPOUB±B OPSUF±B IBTUB MBT MMBOVSBT EF MB 5JFSSB EF $BNQPT Z QBTBOEP QPS MBT G©SUJMFT WFHBT EF MPT S­PT SFºOF FO TPMP VOB QSPWJODJB UBM DBOUJEBE EF SFDVSTPT EF BMUB DBMJEBE RVF SFTVMUB EJG­DJM OP IBMMBS DVBMRVJFS BMJNFOUP RVF QPEBNPT EFTFBS &O FTUB UJFSSB TF DVNQMFO MPT EFTFPT HBTUSPO³NJ DPT -B DPTFDIB EFM DFSFBM EFKB W­B MJCSF B MPT SFCB±PT EF PWFKBT QBSB RVF TF BMJNFOUFO BM BJSF MJCSF Z EF NBOFSB OBUVSBM &TUF FT FM FTDFOBSJP FO FM DSFDFO MPT FYDFMFOUFT MFDIB[PT FOUSF MPT RVF DBCF SFTBMUBS MPT EF SB[B DIVSSB 4BOUP Z TF±B EF MB DPDJOB DBTUFMMBOB RVF FO FM UFSSJUPSJP QBMFOUJOP FT QPTJCMF EFHVTUBS FO MPT OVNFSP TPT SFTUBVSBOUFT FTQFDJBMJ[BEPT FO FTUB EFMJDJB DVMJOBSJB "TBEPT FOUSFBTBEPT Z DIVMFUJMMBT OP UJFOFO TFDSFUPT QBSB MPT HSBOEFT DPDJ OFSPT QBMFOUJOPT

&

/P QPEFNPT QBTBS EF MBSHP QPS MBT WFSEVSBT RVF TF SFDPMFDUBO FO MBT SJDBT UJFSSBT RVF IBO BDVNVMBEP S­PT DPNP FM $BSSJ³O -B IVFS UB EF FTUB QSPWJODJB HP[B EF VO N¡T RVF NFSFDJEP QSFTUJHJP GVFSB EF TVT M­NJUFT BENJOJTUSBUJWPT 4F USBUB EF VOBT WFSEVSBT TBMVEB CMFT RVF DPOTFSWBO UPEP TV TBCPS Z RVF EJHOJGJDBO DVBMRVJFS NFTB DPNP SFDFUB QSJODJQBM Z DPNP BDPN QB±BNJFOUP EF PUSBT &O MBT NFOFTUSBT EF UFNQPSBEB TF SFºOF MB FTFODJB EF FTUPT WFHF UBMFT -BT NBHO­GJDBT BWFT EF DPSSBM MB NVMUJUVE EF TFUBT EF EJGFSFOUFT FTQFDJFT RVF DSF DFO FO MPT CPTRVFT Z QSBEF SBT Z FM KBN³O RVF QPOFO FO FM NFSDBEP MPT FYQFSUPT FMBCP SBEPSFT QBMFOUJOPT TJSWFO QBSB DPNQPOFS EFDFOBT EF QMBUPT .VDIPT EF FTUPT QSPEVDUPT FODVFOUSBO TV FRVJMJCSJP QFSGFDUP FO GPSNB EF SFWVFMUPT -PT DVSTPT EF BHVB RVF TF OVUSFO EF MBT DPQJPTBT OFWBEBT Z EF QVSPT NBOBO UJBMFT &T VO NFEJP BNCJFOUF QFSGFDUP QBSB MB DS­B EF FTQFDJFT EF BMUP WBMPS HBTUSP O³NJDP DPNP DBOHSFKPT USVDIBT Z CBSCPT DVZBT SFDFUBT IBDFO MBT EFMJDJBT DF DVBMRVJFS DPNFOTBM &T JNQFOTBCMF IBCMBS EF MB CVFOB DPDJOB EF 1BMFODJB TJO IBDFS SFGFSFODJB B MBT TPQBT -P RVF FO PUSPT UJFNQPT EF FTDBTF[ FSB VO SFDVSTP PCMJHBEP QBSB VOB BMJNFOUBDJ³O C¡TJDB IPZ FO E­B IBO BMDBO[BEP FM N¡T BMUP QSFTUJHJP HSBDJBT B MB VUJMJ[BDJ³O EF NBUFSJBT QSJNBT EF CVFOB DBMJEBE : DPNP OP IBZ DPNJEB RVF DPODMVZB CJFO TJO VO QPTUSF BEFDVBEP FTUB UJFSSB FT QS³EJHB FO FMBCPSBDJP OFT RVF EFKBO VO TBCPS EF CPDB RVF QFSEVSBS¡ FO MB NFNPSJB EVSBOUF MBSHP UJFNQP 4PO NVDIPT Z WBSJBEPT MPT QSPEVDUPT EF SFQPTUFS­B RVF IBDFO EF MB QSPWJODJB VOB SFGFSFODJB "NBSHVJMMPT EF 7JMMPMEP BMNFOESBEPT EF 7JMMBTJSHB MPT QPTUSFT EF -BT $BOEFMBT MPT 4PDPSSJUPT EF $FSWFSB MBT $FSSBUJOBTƑ

ǁǁǁ͘ĚŝƉƵƚĂĐŝŽŶĚĞƉĂůĞŶĐŝĂ͘ĞƐ Ͳ ǁǁǁ͘ĂůŝŵĞŶƚŽƐĚĞƉĂůĞŶĐŝĂ͘ĞƐ

2ESTAURANTES 3AN 2EMO !VDA "RASILIA 0ALENCIA #HAPÀ # /BISPO .ICOL°S #ASTELLANOS 0ALENCIA #ASA 0EPE|S !VDA -ANUEL 2IVERA 0ALENCIA %L !RAMBOL 0LZ &RANCISCO -ART»N 'ROMAZ !MPUDIA 2EY 3ANCHO !VDA 0ONCE DE ,EÀN S N 0ALENCIA %L #HAVAL DE ,ORENZO 0 DEL 3ALÀN 0ALENCIA "LASONES (OTEL #ASTILLA 6IEJA !VDA #ASADO DEL !LISAL 0ALENCIA (OLANDA (OTEL %UROPA #ENTRO !VDA #ASADO DEL !LISAL 0ALENCIA (OTEL çREA 3UCO !VDA #ASADO DEL !LISAL 0ALENCIA (OTEL 3UCO !VDA #ASADO DEL !LISAL 0ALENCIA !SADOR ,A #ASA DE 0IEDRA #TRA DE (USILLOS -ONZÀN DE #AMPOS 2EAL -ONASTERIO 3AN :OILO # /BISPO 3ANTO S N #ARRIÀN DE LOS #ONDES ,A 4RASERILLA # 3AN -ARCOS 0ALENCIA #ORT·S # %L 0UENTE !GUILAR DE #AMPOO !SADOR 'ASOLINA # !LMIREZ #ERVERA DE 0ISUERGA #ASA ,UCIO # $ON 3ANCHO 0ALENCIA !SADOR ,A %NCINA # #ASA¿· 0ALENCIA "ODEGAS :ARZAVILLA # )NGENIERO 2IVERA &RÀMISTA 4ICIANO # #ONCEPCIÀN S N 6ILLALLANO (ABANA # -AYOR "AJO 0ALENCIA ,OS ,AGARES # %SCUELAS 3ALDA¿A ,A #°NTARA !VDA #ASADO DEL !LISAL "AJO 0ALENCIA 3AN -IGUEL !VDA !RRABAL 0I¿A DE #AMPOS 'AMBRINUS # 0ATIO #ASTA¿O 0ALENCIA -A¿O # ,A #ESTILLA 0ALENCIA ,A #AMPA¿A #TRA 3ANTANDER + /SORNO 4HE ,EMON 3OCIETY 0ASEO DEL 3ALÀN 0ALENCIA %L 6INO $IVINO # 0EDRO &ERN°NDEZ DEL 0ULGAR 0ALENCIA 4APAS Y #OPAS 'ALLERY 0ALENCIA # /BISPO ,OZANO 0ALENCIA #ASA #ANTABRIA # 0EDRO &ERN°NDEZ DEL 0ULGAR 0ALENCIA ,A #UESTA DEL !CEDO :ONA "ODEGAS S N 6ALDECA¿AS DE #ERRATO -ESÀN DEL #ERRATO !VDA DEL 0UENTE 4ARIEGO DEL #ERRATO

/ i `>ʼ i½ ÜÜÜ°> i Ì Ã`i«> i V > i°iÃ

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

1FQF T

Û°Ê > Õi Ê, ÛiÀ>]Ê£È *> i V >Ê Ê/i jv Ê Ç Ê£äÊäÈÊxä

&M SFTUBVSBOUF 1FQFƇT TF DBSBDUFSJ[B QPS TV DPDJOB DBTUFMMBOB USBEJDJPOBM Z DBTFSB GVO EBNFOUBEB FO MB N¡YJNB DBMJEBE 0GSFDF B TVT DMJFOUFT MBT NFKPSFT DBSOFT Z HVJTPT Z VOB BNQMJB WBSJFEBE EF OVFTUSB TFMFDUB CPEFHB &OUSF MBT SFDFUBT N¡T DFMFCSBEBT EF FTUF MPDBM QBMFOUJOP GJHVSB MB DBSOF EF CVFZ B MB QJFESB FM QPMMP EF DPSSBM HVJTBEP Z FM SBCP EF CVFZ FTUPGBEP FO MP RVF TF SFGJFSF B MBT DBSOFT

$ Ý Ý Ý Ý

>L À> ÃÊiÃÌiÊ« ÃÌÀiÊV \ > ÌiµÕ > âÖV>À V ÀÊ`iÊ>Ûi > > ÀiÃ>à i >` * iÃ

&O 1FQFƇT FT QPTJCMF EFHVTUBS QFTDBEPT EFM $BOU¡CSJDP BM IPSOP P QBSSJMMB HVJTPT DBTFSPT Z MFDIB[P BTBEP EF FODBSHP "TJNJTNP EJTQPOF EF VOB BNQMJB WBSJF EBE EF TFUBT FO UFNQPSBEB Z EF VOPT TVDVMFOUPT QPTUSFT EF FMBCPSBDJ³O DBTFSB "EFN¡T EF B MB DBSUB UBNCJ©O FT QPTJCMF PQUBS QPS VO NFOº EFM E­B DPO VOB FYDF MFOUF SFMBDJ³O FOUSF DBMJEBE Z QSFDJP 5SBTQBTBS MB QVFSUB EF $BTB 1FQF T FT FOUSBS FO VO BNCJFOUF USBORVJMP Z BDP HFEPS FM NFKPS FOUPSOP QBSB EJTGSVUBS EF TVT QMBUPT -PT DPNFEPSFT FTU¡O EFDPSBEPT FO FTUJMP DBTUFMMBOP

}Ài` i ÌiÃÊ«>À>Ê` ÃÊÃ>µÕ Ì Ã\ £É{Ê`iÊ«iÀ` âÊiÃV>LiV >`>]Ê£Ê L i>Ê`iÊ«>ÃÌ>ʼLÀ V ½] xä}À°Ê`iÊ >À >]Êxä}À°Ê`iÊ > ÌiµÕ >]Ê£ÊVÕV >À>Ê`i V>vjÊ`iÊ« i Ì Ê`iÊ >Ê6iÀ>]Ê{ä}À°Ê`iÊViL >]Ê{ä}À° `iÊ«ÕiÀÀ ]Ê£ää}À°Ê`iÊ iV i]ÊÓÊ iLÀ>ÃÊ`iÊViL ° *>À>Ê >ÊÀi`ÕVV Ê`iÊ `i >\ xä °Ê`iÊÛ >}ÀiÊ`iÊ `i >]ÊÎä}À°Ê`iÊ>âÖV>À° >L À>V \ ÊÕ >ÊV>âÕi >Ê« i ÃÊ >Ê > ÌiµÕ >ÊÞÊ`i > à µÕiÊÃiÊvÕ `>°Ê ÊV Ì Õ>V Ê> >` ÃÊ >ÊViL >ÊÞ i Ê«ÕiÀÀ ÊV ÀÌ>` Êi ʼLÀÕ Ãi½Ê >ÃÌ>ʵÕiÊiÃÌjÊ« V > ` °Ê >` ÃÊ >Ê«iÀ` âÊiÃV>LiV >Ê`ià }>`>]Êi « i Ì ÊÞÊ >Ê >À >]ÊÞÊ Ê`i > ÃÊV V >ÀÊ >ÃÌ>ÊÌ Ã Ì>ÀÊ >Ê >À >° * ÃÌiÀ À i ÌiÊ> >` ÃÊ >Ê iV iÊÞÊ ÊÛ> ÃÊÀi Û i ` Ê >ÃÌ>ʵÕiÊ >Ê iâV >ÊÃiÊ`iëi}ÕiÊ`iÊ >ÃÊ«>Ài `iÃÊ`iÊ >ÊV>âÕi >°Ê i > ÃÊi vÀ >ÀÊÞÊÀiÃiÀÛ> ð

V> ÃÊ i` >Ê L i>Ê`iÊ«>ÃÌ>ʼLÀ V ½Êi ÊÕ Ê« >Ì ÞÊÀi i > ÃÊV Ê >Ê >Ã>ÊvÀ >ʵÕiÊ i ÃÊi >L À>` Ê> ÌiÀ À i ÌiÊ°

}i ÃÊ >ÃÊ«Õ Ì>ÃÊ`iÊ >Ê L i>ÊÞ >ÃÊ Õ Ì> ÃÊÌ `>ÃÊ >V i ` v À >Ê`iÊL à Ì>°Ê Ì> ÃÊ >ÃÊ«Õ Ì>ÃÊV ÊÕ >Ê iLÀ>Ê`iÊViL ° *>À>Êi >L À>ÀÊ >ÊÀi`ÕVV Ê« i ÃÊi ÊÕ ÊV>â Êi ÊÛ >}ÀiÊV Êi >âÖV>ÀÊ>ÊvÕi} Ê i` ÊÞÊ`i > à iÀÛ ÀÊ >ÃÌ>ʵÕiÊ >}>Ê ÕV >ÊiÃ«Õ >]ʵÕiÊÃiÀ?Êi Ê i Ì Êi ʵÕi ÀiÌ Ài ÃÊ`i ÊvÕi} °

i > ÃÊi vÀ >ÀÊ >ÊÀi`ÕVV ÊÞ i « >Ì> ð

±±± 9 hm W

"SBNCPM

* >â>Ê Ê À> V ÃV Ê >ÀÌ Ê À >â]Ê£Ó «Õ` >Ê Ê/i jv Ê Ç ÊÇÈÊnäÊän

&O FM SFTUBVSBOUF "SBNCPM -B $BTB EFM "CBE EF "NQVEJB FT QPTJCMF EJT GSVUBS EF MB N¡T HFOVJOB DPDJOB EF BVUPS USBEJDJPOBM QBMFOUJOB F JOUFSOB DJPOBM DPO QMBUPT PSJHJOBMFT Z TJFNQSF BQFUFDJCMFT )BCMBNPT EF VO USBUP FYRVJTJUP Z DFSDBOP RVF UJFOF DPNP JOUFODJ³O RVF FM DMJFOUFT TJFOUBO DVSJPTJEBE Z UFOHBO HBOBT EF TBCFS N¡T NVDIP N¡T BM NBSDIBSTF EFM SFT UBVSBOUF 6O CVFO DPOTFKP FT FM EF EFKBSTF BDPOTFKBS QPS FM NBJUSF Z DBNBSFSPT RVF DPNP SFTQPOTBCMFT EF TBMB Z EF MB CPEFHB HVJBS¡O BM DPNFOTBM FO FM NPNFOUP EF FMFHJS MB NFKPS PQDJ³O EFTEF MPT TVDVMFO UPT FOUSBOUFT GS­PT Z DBMJFOUFT QBTBOEP QFTDB EPT Z DBSOFT GSFT DBT EF BMUB DPDJ OB QBSB BDBCBS DPO VOPT QPT USFT QBSB DIV QBSTF MPT EFEPT

&O FM SFTUBVSBOUF "SBNCPM RVF BDBCB EF DPOGJHVSBS TV DBSUB QBSB MB QSJNBWF SB FT SFDPNFOEBCMF [BNCVMMJSTF FO FM BQBTJPOBOUF NVOEP EF MB FOPMPH­B Z SFDSFBSTF EF MPT NFKPSFT WJOPT EFM QSJPSBUP Z CPEFHBT JOUFSOBDJPOBMFT RVF HVBSEB FO MB CPEFHB

ǁǁǁ͘ĚŝƉƵƚĂĐŝŽŶĚĞƉĂůĞŶĐŝĂ͘ĞƐ Ͳ ǁǁǁ͘ĂůŝŵĞŶƚŽƐĚĞƉĂůĞŶĐŝĂ͘ĞƐ

&Ý Ý

5Ý Ý Ý Ý ) Ý

9tmvWz£} SW 9tWzOm9

"TBEPS (BTPMJOB

> iÊ`iÊ* Ì> i >]ÊÓÊ Ê iÀÛiÀ>Ê`i * ÃÕiÀ}>Ê Ê*> i V >Ê Ê Ç ÊnÇÊäÈÊ{n

&O QMFOB NPOUB±B QBMFOUJOB EPOEF FM QBJTBKF TJFNQSF DBVUJWB BM WJTJUBOUF IBTUB FM QVOUP EF RVF FT TFHVSP RVF SFQFUJS¡ MB WJTJUB 'SBODJTDP .BSU­OF[ HFTUJPOB FM "TBEPS (BTPMJOB &O MB MPDBMJEBE EF $FSWFSB EF 1JTVFSHB FM SFTUBVSBOUF FTU¡ VCJDBEP FO VOB DBTB BOUJHVB RVF FO PUSPT UJFNQPT GVF WJWJFOEB DVBESB Z QBKBS -BT FTQFDJBMJEBE EF MB DBTB TPO TVT TVDV MFOUPT BTBEPT MFDIB[P BDPHJEP B MB *(1 -FDIB[P EF $BTUJMMB Z -F³O Z DPDIJOJMMP CBKP MB JOEJDBDJ³O HFPHS¡GJDB QSPUFHJEB TFHPWJBOB

% Ý Ý Ý Ý Ý

>L À>V iÌi> ÃÊ >ÊÌÀÕV >ÊÞÊÃ> « i Ì> Ã°Ê >Vi Ã Õ Ê> ÊÃÕ>Ûi°Ê ÀÌ> ÃÊ > Êi Ê`>` Ì Ã «iµÕi ÃÊÞÊ>}Ài}> ÃÊ> Ê> °Ê ÕLÀ ÃÊV >Ê iâV >Ê ÃÊv iÌiÃÊ`iÊÌÀÕV >ÊÞÊ À i> à `ÕÀ> ÌiÊ{Ê ÊxÊ ÕÌ ÃÆÊi ÊÌ i « Ê`i«i `iÊ`i }À à ÀÊ`iÊ ÃÊv iÌið 1 >ÊÛiâÊ iV ÃÊ ÃÊv iÌiÃ]Ê>V «> > ÃÊ`i Õ >ÃÊÛiÀ`ÕÀ>ÃÊÃ> Ìi>`>ÃÊ> Ê}ÕÃÌ °

"EFN¡T FM "TBEPS (BTPMJOB EFGJFOEF DPO OPUB BMUB MPT QSPEVDUPT MPDBMFT JODMV ZFOEP FO TV DBSUB MBT FYDFQDJPOBMFT NBUFSJBT QSJNBT BDPHJEBT B MB NBSDB EF HBSBOU­B $BSOF EF $FSWFSB EF 1JTVFSHB Z EF MB .POUB±B 1BMFOUJOB &M BTBEPS TF JOBVHVS³ FO 'SBODJTDP .BSU­OF[ FTU¡ BM GSFOUF EF FTUF FTUBCMFDJNJFOUP BM GSFOUF DPNP QSPQJFUBSJP EFTEF FOFSP EF 6O MVHBS FO FM OPSUF QBMFOUJOP EPOEF EFHVTUBS VO CVFO BTBEP Z N¡T

$PSUÏT ) Ý Ý Ý Ý Ý }Ài` i ÌiÃ\ Õ` >ÃÊÛiÀ`iÃ]Ê}Õ Ã> ÌiÃ]ÊViL >Ã]Ê«ÕiÀÀ Ã]Êâ> > À >Ã]ÊV> >L>V ]Êië?ÀÀ>} Ã]Ê> V>V v>Ã]Ê > Ê LjÀ V ]ÊV>À iÊ`iÊ iÀÛiÀ>]Ê ÕiÛ ]Ê >À >]Ê>Vi ÌiÊÞÊÃ> ° >L À>V \ * V > ÃÊ >ÊViL >]Êi Ê«ÕiÀÀ ÊÞÊ >Êâ> > À >° * ÃÌiÀ À i ÌiÊ V À« À> ÃÊ >ÃÊ Õ` >ÃÊÛiÀ`iÃ]Ê Ã }Õ Ã> ÌiÃÊÞÊi ÊV> >L>V ° -iÊ`i >ÊV ViÀÊÌ ` ÊÕ ÃÊ ÕÌ ÃÊ i ÌÀ>ÃÊ«Ài«>À> ÃÊÕ ÊÀivÀ Ì ÊV Êi Ê > ÊÞÊÕ Ê« V Ê`iÊ >À >]ʵÕi > >` ÃÊ>Ê >Ê i iÃÌÀ>° -iÊÀiL â> Ê ÃÊië?ÀÀ>} ÃÊÞÊ >ÃÊ> V>V v>ÃÊV Ê >À >ÊÞÊ ÕiÛ ]ÊÞÊÃiÊ> >`i Ê> Êv > °

> iÊ Ê*Õi Ìi]ÊÎ }Õ >ÀÊ`iÊ > « Ê Ê Ç Ê£ÓÊÎäÊxx

.BSDFMP $PSU©T FM KFGF EF DPDJOB EFM SFTUBVSBOUF $PSU©T EF "HVJMBS EF $BNQPP TF GVF FNQBQBOEP EFTEF TV JOGBODJB EFM E­B B E­B EFM SFTUBVSBOUF IBTUB RVF TF EJP DVFOUB EF RVF TBC­B EFM OFHPDJP NVDIP N¡T EF MP RVF FSB DPOTDJFOUF .BSDFMP $PSU©T BIPSB DPOTUJUVZF MB TFHVOEB HFOFSBDJ³O BM GSFOUF EF MPT GPHPOFT EF FTUF FTUBCMFDJNJFOUP FO FM RVF MB DBMJEBE EF MB NBUFSJB QSJNB Z MB USBEJDJ³O FTU¡O QSFTFOUFT FO DBEB VOB EF TVT QSPQVFTUBT HBT USPO³NJDBT &O FM SFTUBVSBOUF $PSU©T FM DPNFO TBM QVFEF EFHVTUBS MPT NFKPSFT BTB EPT TVDVMFOUBT DBSOFT B MB CSBTB Z FYRVJTJUPT QFTDBEPT $PO VOB BNQMJB USBZFDUPSJB FO FM TFDUPS IPT UFMFSP DVFOUB DPO BNQMJBT [POBT VOB UFSSB[B KBSE­O Z HSBOEFT TBMP OFT DPNFEPSFT FO MPT RVF EJTGSVUBS MBT NFKPSFT NBUFSJBT QSJNBT FO VOB TFMFDUB DBSUB DPO QSPEVDUPT EF QSJNFSB UPEP FMMP FMBCPSBEP DPO FM N¡YJNP FTNF SP QPS FM FRVJQP RVF EJSJHF .BSDFMP $PSU©T 4F CBTBO FO VOB DPDJOB QSPGFTJP OBM USBEJDJPOBM Z FMBCPSBEB QSJODJQBM

ǁǁǁ͘ĚŝƉƵƚĂĐŝŽŶĚĞƉĂůĞŶĐŝĂ͘ĞƐ Ͳ ǁǁǁ͘ĂůŝŵĞŶƚŽƐĚĞƉĂůĞŶĐŝĂ͘ĞƐ

NFOUF FO IPSOP EF MF±B Z B MB CSBTB "TBEPT DBSOFT Z QFTDBEPT TPO TVT QMBUPT GVFSUFT FMBCPSBEPT FO IPSOP EF MF±B Z B MB QBSSJMMB FOUSF MPT RVF GJHVSB FM MFDIB[P EF SB[B DIVSSB DPO *OEJDBDJ³O (FPHS¡GJDB 1SPUFHJEB

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

-B &ODJOB Ý Ý Ý ºÝ }Ài` i ÌiÃÊ«>À>ÊÓ ÎÊ«iÀà >Ã\ ¥Ê`iÊ iV >â Ê`iÊÀ>â>ÊV ÕÀÀ>]Ê>}Õ>ÊÞÊÃ> ° *Ài«>À>V \ -iÊi V i `iÊi Ê À ÊV Ê i >Ê`iÊi V >°Ê1 > ÛiâÊ«Ài«>À>`>ÃÊ >ÃÊLÀ>Ã>Ã]Ê`i« à Ì> ÃÊi ÊVÕ>À Ì Ê`iÊ iV >â ÊÃ>â >` ÊV Ê >ÃÊV ÃÌ >ÃÊ >V > >ÀÀ L>Êi ÊÕ >ÊV>âÕi >Ê`iÊL>ÀÀ Ê« > >]ÊV Ê>}Õ> i Ê >ÊL>Ãi°Ê/À>ÃVÕÀÀ `>ÊÕ >Ê À>ÊÞÊÌÀi Ì>Ê ÕÌ Ã `> ÃÊ >ÊÛÕi Ì>Ê> ÊVÕ>ÀÌ Ê> >` i ` ÊÕ Ê« V Ê`i >}Õ>]ÊÞÊiëiÀ> ÃÊ>ʵÕiÊÃiÊ >}>Ê i Ì> i Ìi >«À Ý >`> i ÌiÊ ÌÀ>Ê À>ÊÞÊ i` >° ÃÊ ÕÞÊ « ÀÌ> ÌiʵÕiÊ >Ê« i ʵÕi`iÊ` À>`>ÊÞ VÀÕ i Ìi°

ÉÊ >Ã> jÊÓ *> i V >ÆÊ Ç ÊÇ£äÊ ÎÈ

&M SFTUBVSBOUF -B &ODJOB BCSJ³ TVT QVFSUBT IBDF B±PT DPO FM PCKFUJWP EF PGSFDFS B TVT DMJFOUFT VOB DPDJOB USBEJDJPOBM FO MB RVF QSJNB QPS FODJNB EF UPEP MB DBMJEBE Z FM FTNFSP FO MB FMBCPSBDJ³O EF TVT SFDFUBT "QPZ¡OEPTF FO MPT QSPEVDUPT EF MB UJFSSB FOUSF MPT RVF EFT UBDB FM MFDIB[P DIVSSP Z DPO GPSNBT EF IBDFS DPNP FM IPSOP EF MF±B MPHSBO RVF MPT DPNFOTBMFT EJTGSVUFO TJFNQSF EF MP NFKPS EF MB HBTUSPOPN­B DBTUFMMBOB "EFN¡T MB DBSUB PGSFDF VOB BNQMJB WBSJFEBE EF QSPQVFT UBT RVF JODMVZF MB UPSUJMMB EF QBUBUB USFT WFDFT DBNQFPOB EF &TQB±B NFOFTUSB EF MB IVFSUB QBMFOUJOB MFHVN CSFT EF MB WFHB EF 4BMEB±B DBSOFT EF $FSWFSB Z UBN CJ©O BMHVOPT EF MPT NFKPSFT QFTDB EPT EFM $BOU¡CSJDP &O -B &ODJOB TJFNQSF DVJEBO MPT EFUBMMFT : TV CPEFHB JOWJUB B QSPCBS VOB DVJEBEB TFMFDDJ³O EF WJOPT EF EJTUJOUBT EFOPNJOBDJPOFT EF PSJHFO DPO

FTQFDJBM BUFODJ³O B MPT FMBCPSBEPT FO MB 3JCFSB EFM %VFSP 4VT QPTUSFT EF FMBCP SBDJ³O QSPQJB TPO NVZ BMBCBEPT QPS MPT DMJFOUFT -B &ODJOB EJTQPOF EF VO D¡MJ EP DPNFEPS BEBQUBCMF B EJTUJOUBT OFDF TJEBEFT EF MPT DMJFOUFT

$VBOEP DPNJFO[B FM CVFO UJFNQP TVT DMJFOUFT QVF 2Ý Ý - 5Ý EFO EJTGSVUBS EF TVT DPNJ EBT P DFOBT FO FM SFTUBVSBO >L À>V \ UF EF WFSBOP &T VOB CPOJUB -iÊ >Û> Ê ÃÊV> }Ài ÃÊV Ê>}Õ>Ê >ÃÊÛiViÃʵÕiÊÃi> [POB BKBSEJOBEB DPO QJTDJ iViÃ>À Ê«>À>ʵÕiʵÕi`i ÊL i Ê « Ã]ÊV Ê OB EF VOPT NFUSPT ÊÌÀiÃÊ ÊVÕ>ÌÀ ÊÛiViÃ°Ê ÊÕ >ÊV>âÕi >ÊÃiÊ« V > ÊViL >ÊL i Ê« V>`>ÊÞÊÕ > DVBESBEPT

&M )PUFM 3FZ 4BODIP FO MB DBQJUBM QBMFOUJOB IBDF HBMB EF VOB DPDJOB GVOEBNFOUBEB FO FM FNQMFP EF MPT QSPEVDUPT EF MB UJFSSB FMBCPSBOEP MPT QMBUPT U­QJDPT EF 1BMFODJB NFOFTUSB EF WFSEVSBT MFDIB[P BTBEP Z PUSPT 1FSP BM NJTNP UJFN QP JODMVZF UBNCJ©O FO TV DBSUB QMB UPT EF DPDJOB NPEFSOB

±±± 9 hm W

&TUF B±P IBO QVFTUP FO NBSDIB VO TFSWJDJP EF DVJEBEP EF OJ±PT EVSBOUF MPT GJOFT EF TFNBOB %F FTUB NBOFSB MPT QBESFT QVFEFO EJTGSVUBS EVSBOUF MB DPNJEB DPO MB USBORVJMJ EBE EF RVF TVT IJKPT UBN CJ©O MP QBTBO CJFO Z EF RVF FTU¡O BUFOEJEPT FO UPEP NPNFOUP

}Õ ` >°Ê Õ> ` ÊiÃÌjÊL i Ê« V >` ÊÀiÌ À> ÃÊ > }Õ ` >ÊÞÊ> >` ÃÊÕ ÊV ÀÀ Ì Ê`iÊÃ> Ã>Ê`iÊÌ >Ìi vÀ Ì Ê­Ã ÊÕ Ê« µÕ Ì Ê«>À>Ê`>ÀÊÃ>L À]ÊÞ>ʵÕiÊ >ÊÃ> Ã> Êv > Ê ÊÃiÀ?Ê`iÊÌ >Ìi®°Ê ÕLÀ ÃÊV Ê>}Õ>Ê>Ê > Ì>`ÊÞÊ`i > ÃʵÕiÊVÕiâ> Ê`ÕÀ> ÌiÊ£äÊ ÕÌ Ã] `> ` ÊÊÛÕi Ì>ÃÊ`iÊÛiâÊi ÊVÕ> ` ° ,iÌ À>ÀÊÞÊÃiÀÛ ÀÊÌi « >` ð

6O BNQMJP FTQBDJPTP Z DPOGPSUBCMF TBM³O DPO EFDPSBDJ³O DM¡TJDB VO BNCJFOUF BHSBEBCMF Z VO USBUP DFS DBOP Z QSPGFTJPOBM DPNQMFNFOUBO Z SFGVFS[BO MB CVFOB PGFSUB DVMJOB SJB EFM SFTUBVSBOUF )PUFM 3FZ 4BODIP &T JEFBM QBSB CBORVFUFT DPNJEBT EF FNQSFTB HSVQPT FUD

ǁǁǁ͘ĚŝƉƵƚĂĐŝŽŶĚĞƉĂůĞŶĐŝĂ͘ĞƐ Ͳ ǁǁǁ͘ĂůŝŵĞŶƚŽƐĚĞƉĂůĞŶĐŝĂ͘ĞƐ

&Ý Ý

3FZ 4BODIP

Û°Ê* ViÊ`iÊ i ]ÊÃÉ ° *> i V >Ê Ê Ç ÊÇÓxÊÎää

Wz}t}hn9

! Ý Ý 3Ý Ý ×O9SWvm9 9 £Wtt9z9 ³ W}zW 9 SW 9 £ }z}vn9 ³ ×tmvWz£9Om~z

&M SCPM EFM QBOÚ Z EFM WJOP FM DBTUB°P

fhYe\Wb ha WXfVXafb WX ha '# ! 8a _T TVghT_\WTW VbagT T Xk\fgXaV\T WX_ 6TfgTaXT fTg\iT b VTfgT b Xa 8fcT T Xa VbaVeXgb Xa _T `bf Vba haT fhcXeY\V\X WX VXeVT WX )+!### [XVgyeXTf Vb`ha\WTW WX 6Tfg\__T l ?X a [T f\Wb WTgTWT cbe XfghW\bf V\Xag Y\Vbf ceyVg\VT`XagX gbWTf X__Tf WX VTfgT b \a]XegTWb! 6Tf\ X_ WXfWX X_ cXe\bWb VhTgXeaTe\b WX _T [\fgbe\T! 8_ Vb`\Xamb WX_ WXfTeeb__b (# WX _T fhcXeY\V\X gbgT_ fX XaVhXageT _bVT_\mTWT Xa _T Vh_gheT_ Xa gbeab T_ VTfgT b fX WT WheTagX X_ ThZX WX _T V\i\_\mTV\ a VX_gT dhX _X Vb`TeVT WX_ 5\Xemb XaVbageyaWbfX X_ eXfgb WX fhcXeY\V\X bgbeZb ha _hZTe eX_XiTagX WXfgTVyaWb_b Vb`b yeUb_ V _g\Vb fTZeTWb cbe fh VTeyV Xa :eXWbf Æi\_T 5 ]Te l F\XeeT WX 9eTaV\T gXe [baXfgb l fTU\b! CXeb _T XkcTaf\ a l Vh_ FT_T`TaVT 4_\fgX l FTaTUe\T MT`beT ! g\ib WX XfgT XfcXV\X fX __Xi T VTUb cbe cTegX WX _bf eb`Tabf Vba _T \agebWhVV\ a WX 5 Ý Ý Ý Ý Ýº _T g Va\VT WX_ \a]Xegb!

Ý 9 Ý Ý Ý Ý 9 Ý Ý Ý9 Ý Ý Ý Ý Ý Ý Ý Ý

4 W T WX [bl fXZh\`bf YXfgX]TaWb Xa gbeab T XfgX yeUb_ l fhf Yehgbf T ce\`Xebf WX abi\X`UeX _T eXab`UeTWT T _b _TeZb WX _Tf cbVTf Y\XfgT WX_ `TZbfgb __T`TWT FT`T[\a cbe _bf VX_gTf b FTgheaT_Xf cbe _bf eb`Tabf! 7heTagX _T 8WTW @XW\T fX Vbai\XegX Xa ha Vh_g\ib XkgXaf\ib gTagb Xa `bagX UT]b WX VTfgT bf ¶UeTibf· f\a \a]XegTe cTeT TcebiXV[T`\Xagb WX _T `TWXeT Vb`b Xa `bagX `XW\b T_gb cTeT X_ Vh_g\ib WX VTfgT b WX Yehgb \a]XegTWb ! ?T VTfgT T [TfgT _T \agebWhVV\ a WX_ Vh_g\ib WX _T cTgTgT l `T m YhX hg\_\mTWT Vb`b T_\`Xagb ce\`Te\b gTagb cTeT cXefbaTf Vb`b Ta\`T_Xf hg\_\myaWb_T VehWT VbV\aTWT fXVT b Xa [Te\aT! 5TfX WX T_\`XagTV\ a XeT X_ cTa WX [Te\aT WX VTfgT T l WX T[ X_ ab`UeX cbch_Te WX_ VTfgT b Vb`b ´8_ yeUb_ WX cTaµ!

Ab fb_b X_ Yehgb XeT TcebiXV[TWb WX_ VTfgT b _T `TWXeT WheTWXeT l WX YyV\_ `TaX]b cbVb iT_beTWT cbe fh VTcTV\WTW VT_be Y\VT cTeT _X T XeT l Xf `hl TceX V\TWT cTeT VbafgehVV\ a gT__Tf l `hXU_Xf l cTeT WhX_Tf WX gbaX_Xf WX i\ab cbe _b dhX Xa 6Tfg\__T l ?X a ab fb_b YhX X_ yeUb_ WX_ cTa WX_ i\ab gT`U\ a! 8a _bf _g\`bf V\aVhXagT T bf _T fhcXeY\V\X WX VTfgT b Xa 6Tfg\__T l ?X a [T

1 >Ê >`iÀ>Ê L i

?T `TWXeT WX VTfgT b [T f\Wb l Xf eXVbab V\WT Vb`b haT `TWXeT abU_X WTaWb Ybe`T T VTfTf XfgehVgheT T `\aTf WXVbeT V\ a T _bf [bZTeXf `T_T _X T T _Tf _h` UeXf« l UhXa i\ab T ZXaXeTV\baXf TagXe\b eXf! F\a X`UTeZb ¦dh [T bVhee\Wb Vba _bf gbaX_Xf WX VTfgT b! 8a _T Xab_bZ T TVghT_ fT_ib WX Ybe`T `hl T\f_TWT ab fX X`c_XT _T `TWXeT WX VTfgT b cTeT _T X_TUbeTV\ a l Ve\Ta mT WX i\abf ab cbe _T VT_\WTW dhX bYeXmVT f\ab cbe _T W\Y\ Vh_gTW WX _T bUgXaV\ a WX `TWXeT WX VT_\WTW cTeT _T eXT _\mTV\ a WX _bf gbaX_Xf XageX bgeTf VbfTf! ;TfgT _T W VTWT WX _bf T bf (# )# WX_ f\Z_b KK _bf gbaX _Xf X`c_XTWbf Xa _Tf X_TUbeTV\baXf WX i\ab gTagb U_Ta Vb V_TeXgX b g\agb Xa 6Tfg\__T l ?X a fX __XiTUTa T VTUb Vba XaiTfXf WX VTfgT b WX `XW\b ZeTa ib_h`Xa f\XaWb _bf `yf Vb`haXf XageX '# l &## VyagTeTf ha\WTW WX `XW\WT geTW\V\baT_ Xdh\iT_XagX T $) _\gebf ! BgeTf `TWXeTf Vb`b _T TVTV\T l X_ `beT_ gT`U\ a XeTa `hl TceXV\TWTf cbe _bf UhX abf i\abf dhX fX bUgXa Ta! ?bf gbaX_Xf WX VTfgT b gXa Ta haT WheTU\_\WTW cg\`T WX XageX %# &# T bf l [Ta __XZTWb T XaVba geTefX gbaX_Xf WX [TfgT &## T bf WX Tag\ Z XWTW! 7heTagX fhf T bf WX i\WT aXVXf\ gTa `TagXa\`\Xagb cTeT X_\`\aTe X_ gyegTeb TW[Xe\Wb Tf Vb`b X_ T]hfgX WX Tebf! CXeb ab gbWT _T `TWXeT WX VTfgT b XeT l Xf iy_\WT cTeT _T bUgXaV\ a WX WhX_Tf WX VT_\ WTW! ?T XfcXV\X X_ be\ZXa l VbaW\V\baXf XVb_ Z\VTf WbaWX [T iXZXgTWb WX_ yeUb_ l _T f\_i\Vh_gheT Tc_\VTWT TYXVgTa T _Tf VTeTVgX e fg\VTf Y f\VTf WX _T `TWXeT cbe _b dhX aTWT g\XaX dhX iXe a\ X_ Yehgb a\ _T `TWXeT bUgXa\ WT WX haTf h bgeTf eXZ\baXf!

/VNFSPTBT CPEFHBT USBEJDJPOBMFT EF $BTUJMMB Z -F²O UPEBW¬B DPOTFSWBO FTUF UJQP EF UPOFM

Fb_b _T `TWXeT WX VTfgT b UeTib aTV\Wb Xa `bagX UT]b Xa _Tf VTeTf fhe gX`c_TWTf l [ `XWTf Vba c_hi\b`Xge T `XW\T ab Vba

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

5POFMFT EF DBTUB°P FO VOB CPEFHB EF "MEFBOVFWB EFM $PEPOBM 4FHPWJB

8a 9eTaV\T cbe X]X`c_b _bf VTfgT T eXf UeTibf ab eX aXa _Tf VbaW\V\baXf XWTYbV_\`yg\VTf cTeT WTe WhX_Tf WX VT_\WTW ceXfXagTaWb fh `TWXeT X_ cebU_X`T WX ¶_T c\X_ WX VXUb__T· [TV\XaWb dhX XfgT fXT U_TaWT l cbebfT!

/À ÃÌiÊ`iÃ>«>À V

/ ¦

Ý Ýº l Ý Ý 9 Ý 9 Ý Ý 9 Ý Ý Ý Ýk1 ) Ý

8_ `bagX UT]b WX VTfgT b UeTib [T \Wb WXfTcTeXV\XaWb cTh_Tg\aT`XagX [TfgT VTf\ XfgTe Xkg\agb Xa _T TVghT_\WTW! ?Tf XaYXe`XWTWXf _bf \aVXaW\bf _T T_gT WX`TaWT WX _T `Tab WX_ [b`UeX cTeT fh VbeeXVgb WXfTeeb__b X_ hfb WX_ gXeeXab WX_ `bagX UT]b cTeT bgebf Vh_g\ibf `yf cebWhVg\ibf Vb`b X_ VXeXT_ VXagXab l _T YT_gT WX Tcblb \afg\ghV\baT_ fba _bf ce\aV\cT_Xf YTVgbeXf WX XfgT ge\fgX WXfTcTe\V\ a! GeTW\V\baT_`XagX WX haT VXcT WX VTfgT b UeTib fb_b X_ %( WX _bf X]X`c_T eXf fX WXfg\aTUT T _T YTUe\VTV\ a WX WhX_Tf X_ eXfgb fX WXfg\aTUT T _T YTUe\VT V\ a WX Tebf l VXfgXe T! 8_ Zebfbe cg\`b WX_ yeUb_ Xf WX %# VXag `Xgebf dhX fX T_VTamTa Xa iX\agX T bf Tcebk\`TWT`XagX! 8_ fXeeTWb fX [TVX _baZ\ghW\ aT_`XagX Vba XfVTfb TcebiXV[T`\Xagb WX _Tf _b`Tf l haT bUgXaV\ a `yk\ `T WX VhTgeb WhX_Tf cbe yeUb_! 6hTaWb _bf gbaX_Xf XeTa i\X]bf b WTUTa `T_ i\ab b _T `TWXeT cebVXW T WX VTf gT b WX Yehgb fX VhUe Ta WX cXm Xa X_ \agXe\be! ;bl Xa W T fX Tc_\VT X_ `\f`b Ve\gXe\b XaVbageTaWb Xa X_ `XeVTWb gbaX_Xf WX VTfgT b cTeTY\aTWbf WX UT]b VbfgX l c f\`T VT_\WTW! BgeT cTeg\Vh_Te\WTW WX _Tf WhX_Tf WX VTfgT b Xf _T ThfXaV\T WX_ cebVXfb WX gbfgTWb ZXaXeT_`XagX eXT_\myaWbfX X_ cebVXfb geTW\V\baT_ WX WXfg\agTWb Vbaf\fgXagX Xa X_\`\aTe X_ XkVXfb WX gTa\ab WX _T `TWXeT! 7X T[ dhX fXTa `TWXeTf cheTf Xa Teb`Tf l fTUbeXf! DhX _T `TWXeT WX VTfgT b g\XaX ha T_gb VbagXa\Wb WX gTa\ab Xf \aW\fVhg\U_X cXeb f Xf aXVXfTe\b [TVXe haT TV_TeTV\ a T_ eXfcXVgb WTWb dhX X_ VbagXa\Wb WX gTa\ab ab Xf X_ `\f`b Xa X_ VTfgT b WX

±±± 9 hm W

Yehgb YeXagX T_ UeTib! 8_ ce\`Xeb cbe _T aXVXf\WTW WX WX`TaWT WX fTi\T WX_ Yehgb cbfXX ha `Tlbe VbagXa\ Wb WX gTa\ab l ha Zebfbe Xa _bf iTfbf VbaWhVgbeXf fhcXe\be Vba _b dhX cbfXX haT `TWXeT `yf cbebfT! ?bf XfghW\bf ZXaXeT_Xf chU_\VTWbf fbUeX _T `TWXeT WX VTfgT b WXfgTVTa X_ VbagXa\Wb WX yV\Wb X_yZ\Vb fX`X ]TagX T_ WX_ ebU_X YeTaV f l fbUeX gbWb X_ T_gb VbagXa\ Wb WX Vb`chXfgbf YXa _\Vbf Vba eX_XiTaV\T WX_ yV\Wb Zy_\Vb VbagXa\Wb gT`U\ a Xa _T hiT `hl \`cbegTagX Xa _T Xab_bZ T cbe fh YhXegX cbWXe Tag\bk\WTagX! GT`U\ a fX WXfgT VT _T T_gT VTcTV\WTW WX cb_\`Xe\mTV\ a WX Y_T iTab_Xf _\UeXf _b VhT_ Xf \`cbegTagX cTeT _T XfgTU\_\WTW WX_ Vb_be WX _bf i\abf WheTagX _T Ve\TamT l X_ ch_\Wb WX _T Tfge\aZXaV\T! ?bf gTa\abf Vb`XeV\T_Xf gTa iT_beTWbf l eXVbabV\Wbf Xa _T Xab_bZ T TVghT_ cTeT fh hfb Vb`b Tag\bk\WTagXf cbgXaV\TWbeXf WX XfgehVgheT T _bf i\abf l XfgTU\_\mTWbeXf WX Vb_be fX chXWXa bUgXaXe T cTeg\e WX _T `TWX eT WX ebU_X cXeb gT`U\ a WX_ VTfgT b! BgeT VhXfg\ a WXgXe`\aTagX cTeT _T fhfg\ghV\ a WX _bf gbaX_Xf WX VTfgT b YhX _T ZeTa VTag\WTW WX ib_h`Xa dhX bVhcTUTa Xa _Tf UbWXZTf WXU\Wb T fh ZeTa gT`T b fb_hV\ a WX XfcTV\b dhX fX [T__ Vba _T UTee\VT __T `TWT UbeWX_XfT Vba VTcTV\WTW cTeT %%( _\gebf `hl YyV\_ WX Tc\_Te!

1 ÊÛ ÊÃÕ>ÛiÊÞÊ>vÀÕÌ>` 8a VbaV_hf\ a ab YhX haT VhXfg\ a WX VT_\WTW _b dhX [\mb WXfTcTeXVXe WX_ cTabeT`T UbWXZhXeb VTfgX__T ab_Xba f _T `TWXeT WX VTfgT b! EXT_\WTWXf Vb`b X_ TUTaWbab WX_ Vh_g\ib WX VTfgT b UeTib _T WXfTcTe\ V\ a WX_ bY\V\b WX gbaX_Xeb X_ XfcTV\b Xa _Tf UbWXZTf _Tf gXaWXaV\Tf Xab_ Z\VTf YeTaVXfTf XgV! YhXeba YTVgb eXf WXgXe`\aTagXf! 7\VXa _bf `yf _baZXibf WX ahXfgeT eXZ\ a dhX _bf gbaX_Xf WX VTfgT b ´[TV Ta UhXa i\ab fhTiX TYehgTWb `TagXa T X_ Vb_be l _b fXeXaTUTµ! CXefbaT_`XagX `X fh`b T fh bc\a\ a l Wbl YX WX X__b!

! ¦ Ý

VXageTWT XfgTV\baT_`XagX VeXV\`\Xagbf _Xagbf l ha\Ybe`Xf ThfXagXf WX YhXegXf [X_TWTf Xf cg\`b cTeT _T X_TUbeTV\ a WX WhX_Tf WX VT_\WTW! ?bf VTf gT bf dhX Vh`c_Xa Vba XfgTf VbaW\V\baXf fX XaVhXageTa _bVT_\mTWbf Xa _T Vb`TeVT UXeV\TaT ZT__XZT l Tfghe\TaT Vba haT XkgXaf\ a TVghT_ `yk\`T Tcebk\`TWT WX $'!### [XVgyeXTf! 4VghT_`XagX Xf cebUTU_X dhX a\VT`Xa gX fX XkgeT\ZT VTfgT b UeTib cTeT WhX_Tf WX _T Vb`TeVT Tfghe\Tab ZT__XZT cTeT eXcTeTV\ a WX _bf gbaX_Xf Tag\Zhbf l haT cXdhX T cTegX VTf\ \af\Za\Y\ VTagX cTeT ahXiTf YTUe\VTV\baXf!

&M DBTUJMMP EF 5VS¨HBOP VOP EF MPT SFDMBNPT UVS¬TUJDPT EF NBZPS DBS DUFS QSFTJEF FM IPSJ[POUF FO VOB JNBHFO FNCMFN UJDB

6OB IFSSBNJFOUB QBSB DPOTUSVJS UFSSJUPSJP 3FEBDDJ²O

>Ê «ÕÌ>V Ê`iÊ-i} Û >Ê« iÊi Ê >ÀV >Ê*À `iÃÌÕÀ]ÊÕ Ê À}> à Ê>ÕÌ ÊµÕiÊV À` > >ÃÊ>VV iÃÊ`iÊ`iÃ>ÀÀ ÊÀÕÀ> ÊÃÕÃÌi Ì>`>ÃÊi Ê >Ê«À V ]Êi Ê`iÃ>ÀÀ ÊiV V Ê ÞÊi ÊÌÕÀ à °Ê ÃÊi ÊÀiÃÕ Ì>` Ê`iÊ >ÊvÕà Ê`iÊ` ÃÊi ÌiÃÊvÕ `> i Ì> iÃÊ«>À>Ê >ÃÊ«iµÕi >ÃÊ V> `>`iÃ\Êi Ê*>ÌÀ >Ì Ê`iÊ/ÕÀ à ÊÞÊi Ê Ã ÀV Ê }À «iVÕ>À Ê`iÊ-i} Û > B QSPWJODJB EF 4FHPWJB DVFOUB EFTEF SFQSFTFOUBEPT EJWFSTPT PSHBOJTNPT FTUF B±P DPO VO OVFWP PSHBOJTNP -iÊL>Ã>Êi ÊÕ >ÊV Vi« IBDF B±PT FM "ZVOUBNJFOUP EF MB DBQJ BVU³OPNP QBSB MB 1SPNPDJ³O Z UBM BCBOEPO³ FM 1BUSPOBUP Z MB %FTBSSPMMP &DPO³NJDP Z 5VS­TUJDP %JQVUBDJ³O BTVNJ³ TV NBOUFOJNJFOUP V Ê} L> Ê`iÊ >ÃÊ« Ì V>à 1SPEFTUVS RVF CBTB TV BDUJWJEBE FO VOB DBTJ FO TPMJUBSJP DPODFQDJ³O HMPCBM EF MBT QPM­UJDBT FO GBWPS i Êv>Û ÀÊ`i Ê i` ÊÀÕÀ> EFM UFSSJUPSJP &M FOUF QFSNJUJS¡ BGSPOUBS DPO BHJMJEBE MPT SFUPT RVF UJFOF QMBOUFB i iÀ>V Ê`iÊi « i EPT FM NFEJP SVSBM Z SFTVMUB EF MB GVTJ³O EF EPT FOUJEBEFT GVOEB NFOUBMFT QBSB MBT QFRVF±BT MPDBMJEBEFT FM 1BUSPOBUP EF -BT GVODJPOFT EFM OVFWP PSHBOJTNP BVU³OPNP 5VSJTNP Z FM $POTPSDJP "HSPQFDVBSJP EF 4FHPWJB -B JOTUJUV TPO NVZ BNQMJBT F JODMVZFO MB QSPNPDJ³O EFM DJ³O QSPWJODJBM BQVFTUB BT­ QPS VOB FOUJEBE RVF SFGMFKB N¡T GJFM EFTBSSPMMP TPDJPFDPO³NJDP EF MB QSPWJODJB QPS NFOUF FM QFTP QS¡DUJDBNFOUF FYDMVTJWP RVF QPTFF FO MB GJOBODJB NFEJP EF MB QBSUJDJQBDJ³O FO BDUVBDJPOFT HFOF DJ³O Z EFTBSSPMMP EF FTUBT BDUJWJEBEFT SBEPSBT EF FNQMFP EFM EFTBSSPMMP EFM UFKJEP FNQSFTBSJBM EFM GPNFOUP EF MB TPDJFEBE EFM &M $POTPSDJP "HSPQFDVBSJP FTUBCB JOUFHSBEP QPS MB %JQVUBDJ³O DPOPDJNJFOUP BT­ DPNP EF JOWFTUJHBDJ³O Z BO¡ Z MB BOUJHVB $BKB 4FHPWJB RVF MP GJOBODJBCBO BM QPS DJFOUP MJTJT EF MB SFBMJEBE QSPWJODJBM 5BNCJ©O TJSWF EF QFSP USBT MB EFTBQBSJDJ³O EF MB FOUJEBE EF BIPSSP FSB MB JOTUJUV BQPZP B MBT JOJDJBUJWBT MPDBMFT EF JOGSBFTUSVDUV DJ³O QSPWJODJBM RVJFO BQPSUBCB FM DJFO QPS DJFO EFM QSFTVQVFTUP SBT QSPEVDUJWBT Z DPMBCPSB DPO MBT FOUJEBEFT EF &O DVBOUP BM 1BUSPOBUP EF 5VSJTNP FO TV ³SHBOP SFDUPS FTU¡O EFTBSSPMMP MPDBM %FM NJTNP NPEP 1SPEFTUVS

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

&M QBUSJNPOJP BHSPBMJNFOUBSJP TFHPWJBOP FT VOP EF MPT QJMBSFT EF BDUJWJEBE EFM OVFWP PSHBOJTNP

GPNFOUB MB JOJDJBUJWB QºCMJDB Z QSJWBEB NFEJBOUF FM BQPZP B MBT QFRVF±BT Z NFEJBOBT FNQSFTBT UBOUP DPO BTFTPSBNJFOUP QBSB TV DSFBDJ³O NPEFSOJ[BDJ³O HFTUJ³O Z EFTBSSPMMP DPNP QBSB MB DBQUBDJ³O EF SFDVSTPT BKFOPT

&OUSFT TVT GVODJPOFT GJHVSB UBNCJ©O JNQVMTBS MB DPPQFSBDJ³O Z MB DPPSEJOBDJ³O FO ¡NCJUPT EFM EFTBSSPMMP MPDBM EF MB QSPWJODJB QVEJFOEP TVTDSJCJS DPO FOUJEBEFT QºCMJDBT P QSJWBEBT DVBOUPT DPOWFOJPT TFBO QSFDJTPT FO PSEFO BM DVNQMJNJFOUP EFM PCKFUP TPDJBM EFM PSHBOJTNP %F FTUF NPEP DBCF EFTUBDBS MB QSPNPDJ³O EF TVFMP BT­ DPNP QSPNPWFS VO GPOEP EF EPDVNFOUBDJ³O Z CBTFT EF EBUPT EF JOUFS©T QSPWJODJBM KVOUP B TV HFTUJ³O FYQMPUB DJ³O Z EJGVTJ³O

1SPEFTUVS EFCFS¡ UBNCJ©O QPUFODJBS MB TPDJFEBE EFM DPOPDJNJFOUP Z MB EJGVTJ³O EF MBT OVFWBT UFDOPMPH­BT EF MB JOGPSNBDJ³O Z DPNVOJDBDJ³O Z QSPNPWFS MB QSPUFDDJ³O HFTUJ³O SFWBMPSJ[BDJ³O Z QVFTUB FO BDUJWP EFM QBUSJNPOJP OBUVSBM DVMUVSBM Z TPDJPFDP O³NJDP QSPQJDJBOEP MB DPPSEJOBDJ³O FOUSF MPT TFD UPSFT SFMBDJPOBEPT QPOJFO EP FO NBSDIB N©UPEPT DPNVOFT Z MB QSPNPDJ³O EF MPT JOTUSVNFOUPT OFDFTBSJPT QBSB MB HFTUJ³O HMPCBM F JOUFHSBEB EF MPT SFDVSTPT MPDBMFT Z GPNFOUBOEP MBT SFEFT EF MPT NJTNPT B OJWFMFT QSPWJODJBMFT

-B FOUJEBE EFTBSSPMMBS¡ VOB BDUJWJEBE FRVJ WBMFOUF FO NBUFSJB UVS­TUJDB EF NPEP RVF SFBMJ[BS¡ BDUPT FODBNJOBEPT BM JODSFNFOUP EF MB EFNBOEB EF UVSJTNP FO FM ¡NCJUP QSP WJODJBM BEFN¡T EF EJGVOEJS Z QSPNPWFS MB JNBHFO EF MB QSPWJODJB Z TV NFEJP SVSBM %FM NJTNP NPEP Z EFOUSP EFM ¡NCJUP EF &TUF PSHBOJTNP BVU³OPNP TFS¡ FM FODBSHBEP EF HFTUJPOBS TFSWJ BDUVBDJ³O EFM BOUJHVP $POTPSDJP DJPT EF QSPNPDJ³O FDPO³NJDB EF DPNQFUFODJB EF MB %JQVUBDJ³O "HSPQFDVBSJP HFTUJPOBS¡ MPT BO¡MJTJT Z MPT Z EF SFBMJ[BS BDUVBDJPOFT FODBNJOBEBT B NFKPSBS MB FGJDJFODJB TFSWJDJPT EF SFDPHJEB EF NVFTUSBT EF TVFMPT FOFSH©UJDB BM BQSPWFDIBNJFOUP JOUFHSBEP EF MPT SFDVSTPT FOFS Z EF BHVBT BT­ DPNP EF QMBOUBT GFSUJMJ[BO H©UJDPT MPDBMFT B CVTDBS DPOEJDJPOFT ³QUJ UFT PSH¡OJDPT Z QSPEVDUP UFSNJOB NBT EFM TVNJOJTUSP FOFSH©UJDP B MB NFKPSB EP "TJNJTNP QSFTUBS¡ BTFTPSB i Ì>À?Ê >ÊÃ V i`>`Ê`i NJFOUP TPCSF OPSNBUJWB MFHBM IJHJ© BNCJFOUBM Z B MB GPSNBDJ³O JOGPSNBDJ³O Z TFOTJCJMJ[BDJ³O EF MB QPCMBDJ³O FO FTUB V V i Ì ÊÞÊ >Ê`ivi Ã> OJDP TBOJUBSJB BQMJDBCMF B MPT NVOJ NBUFSJB UPEP FMMP DPNP FMFNFOUP EF DJQJPT Z B MPT DFOUSPT EF MB EFTBSSPMMP MPDBM HFOFSBEPS EF FNQSFTBT %JQVUBDJ³O Z GPNFOUBS¡ FM VTP EF `i Ê«>ÌÀ ÊVÕ ÌÕÀ> FNQMFP Z OVFWBT UFDOPMPH­BT FO MB QSPWJO CVFOBT QS¡DUJDBT FO MB HFTUJ³O EFM DJB EF 4FHPWJB BHVB

±±± 9 hm W

& 5 Ý

"TJNJTNP QSPNVFWF MB HFTUJ³O SFBMJ[BDJ³O EFTBSSPMMP F JOOPWB DJ³O FO BDUJWJEBEFT GPSNBUJWBT FO DVBMRVJFS GPSNBUP RVF GBWP SF[DBO MB NFKPS DVBMJGJDBDJ³O QSPGFTJPOBM EF MPT DJVEBEBOPT EF MB QSPWJODJB RVF GPNFOUFO FM JOUFS DBNCJP EF FYQFSJFODJBT QFSNJUBO MB DPOTPMJEBDJ³O EF SFEFT EF FYQFSUPT Z CVFOBT QS¡DUJDBT Z RVF BDUºFO DPNP QMBUBGPSNB EF JOWFTUJHBDJ³O EFCBUF Z SFGMFYJ³O CJFO EJSFDUBNFOUF P B USBW©T EF DPOWFOJPT FTQFD­GJDPT DPO FOUJEBEFT QºCMJDBT P QSJWBEBT

À` >V Ê`iÊÃiVÌ ÀiÃ

SW 9 }tt} ª 9t

Ô-B NBZPS¬B EF OVFTUSBT BDUVBDJPOFT WB MJHBEB B MB DSFBDJ²O EF FNQMFPÕ FOWJBS TVT EBUPT FO UJFNQP SFBM BM DVBEFSOP EF TV FYQMPUBDJ³O "EFN¡T SFBMJ[BNPT BOBM­UJDBT EF UFSSFOPT BHS­DPMBT B RVJFO OPT MP TPMJDJUB UBM Z DPNP MP IBD­B BOUFT FM $POTPSDJP "HSPQFDVBSJP

$ Ý

#¦

' W mSWz£W SW t9 m ª£9Om~z SW *Wh}°m9 ³ SW ' }SW £ª

'SBODJTDP 7¡[RVF[ QSFTJEF MB %JQVUBDJ³O EF 4FHPWJB EFTEF Z FT FM N¡YJNP SFTQPOTBCMF EF 1SPEFTUVS DSFBEB QBSB BGSPOUBS MPT SFUPT EFM NFEJP SVSBM QSPWJODJBM $V¡M FT FM TJHOJGJDBEP EF FTUB OVFWB IFSSBNJFOUB 1SPEFTUVS FT VO PSHBOJTNP BVU³OPNP RVF EFQFOEF BM DJFO QPS DJFO EF MB %JQVUBDJ³O Z RVF TVNB MPT BOUJHVPT $POTPSDJP "HSPQFDVBSJP Z 1BUSPOBUP 1SPWJODJBM EF 5VSJNP 4F DPOTUJUVZF DPO MB ºOJDB QSF UFOTJ³O EF QSPNPDJPOBS FDPO³NJDBNFOUF MB QSPWJODJB EF 4FHPWJB

2V© N¡T FTQFSBO MPT BHSJDVMUPSFT Z HBOBEFSPT EF MB OVFWB FOUJEBE :P DSFP RVF FTQFSBO RVF DSFFNPT TJOFSHJBT RVF TJSWBO QBSB JODSFNFOUBS FM EFTBSSPMMP EF OVFTUSB QSPWJODJB Z DPOUSJCVZBO B GJKBS MB QPCMBDJ³O TPCSF UPEP FO OVFTUSPT QFRVF±PT QVFCMPT 2V© SFMBDJ³O NBOUFOES¡ B QBSUJS EF BIPSB 1SPEFTUVS DPO MBT ¡SFBT EF MB %JQVUBDJ³O SFTQPO TBCMFT EF FTBT NJTNBT NBUFSJBT &T VOB SFMBDJ³O DPOUJOVBEB 1BSB OBEB OPT FODPOUSBNPT BOUF VO QSPDFTP EF SVQUVSB TJOP EF DBNCJP : DPO MPT BZVOUBNJFOUPT : MPT HSVQPT EF BDDJ³O MPDBM &YBDUBNFOUF JHVBM 6OB DPMBCPSBDJ³O QMFOB 3FDJFOUFNFOUF TF IBO BQSPCBEP FO FM DPOTFKP SFD UPS EF 1SPEFTUVS VOB CBTFT QBSB BZVEBT B MBT GFSJBT BHSPQFDVBSJBT RVF TF DFMFCSBO FO MPT NVOJDJQJPT 3FTQFDUP B MPT HSVQPT TJFNQSF IBO DPOUBEP DPO OVFTUSP BQPZP RVF OP PCTUBOUF TF IB WJTUP EVQMJ DBEP FO FM ºMUJNP B±P B OJWFM FDPO³NJDP "EFN¡T WFOJNPT BQPZBOEP JOJDJBUJWBT FNQSFTBSJBMFT EF FNQSFOEFEPSFT EF TVT [POBT UBOUP DPO TVCWFODJP OFT EJSFDUBT DPNP BDPNQB±¡OEPMFT QFSTPOBM NFOUF B EJTUJOUBT FOUJEBEFT GJOBODJFSBT FO CVTDB EF MB GJOBODJBDJ³O RVF QSFDJTBO

-PT FNQSFOEFEPSFT EFNBOEBO VOB ƆWFOUBOJMMB ºOJDBƇ QBSB TVT JOJDJBUJWBT &GFDUJWBNFOUF -PT TJFUF U©DOJDPT EF EJOBNJ[B DJ³O FDPO³NJDB FTU¡O QBSB FMMP )FNPT DPOTFHVJ EP DSFBS N¡T EF OVFWPT FNQSFOEF EPSFT Z BMSFEFEPS EF VO NJMMBS EF QVFT º ÃÊ«À `ÕVÌ ÀiÃÊLÕÃV> UPT EF USBCBKP

-PT EFUSBDUPSFT EF 1SPEFTUVS EF IBCFSMPT QPES­BO EFDJS RVF FT VOB NFSB GVTJ³O EF FOUJEBEFT QBSB SFEVDJS DPTUFT /P IB IBCJEP EFUSBDUPSFT &TUF PSHBOJTNP OBDF DPO FM BDVFSEP EF UPEPT MPT HSVQPT EF MB i Ê«>À>}Õ>ÃÊ`iÊ i Ì Ã 2V© BTJHOBUVSBT QFOEJFOUFT UJFOFO MBT QFRVF±BT MPDBMJEBEFT FO NBUFSJB EF DPSQPSBDJ³O QSPWJODJBM Z FWJEFOUFNFOUF `iÊ-i} Û >» JOGSBFTUSVDUVSBT NJSB B MB QSPWJODJB DPO VOB QFSTQFDUJWB HMP CBM 4PNPT DPOTDJFOUFT EF RVF VOB EF MBT %FTEF 1SPEFTUVS FTUBNPT USBCBKBOEP OFDFTJEBEFT EF 4FHPWJB FT MB DSFBDJ³O EF FO EJF[ MPDBMJEBEFT QFRVF±BT QBSB JOTUB FNQMFP Z B FTF PCKFUJWP WB MJHBEB ZB TFB EF GPSNB EJSFDUB P JOEJSFD MBS QPM­HPOPT JOEVTUSJBMFT RVF TJSWBO QBSB BTFOUBS UB MB NBZPS­B EF OVFTUSBT BDUVBDJPOFT -B HFOFSBDJ³O EF QVFTUPT EF QPCMBDJ³O FO MB QSPWJODJB USBCBKP EFQFOEF EF NVDIPT GBDUPSFT FOUSF PUSPT EF MB EPUBDJ³O EF : RV© QBQFM MF DPSSFTQPOEF B "MJNFOUPT EF MBT JOGSBFTUSVDUVSBT OFDFTBSJBT FO UPEB MB QSPWJODJB 4FHPWJB FO MB OVFWB FUBQB $V¡M FT TV WJTJ³O TPCSF FM EFTBSSPMMP SVSBM $POTPMJEBS FM HSBO USBCBKP RVF IB WFOJEP SFBMJ -B %JQVUBDJ³O B USBW©T EF 1SPEFTUVS BQPZB GJSNFNFOUF BM TFDUPS [BOEP $PNP UPEB OVFWB NBSDB UVWP TVT DPNQMJ QSJNBSJP RVF UJFOF VO FOPSNF QFTP FO MB QSPWJODJB EF 4FHPWJB &O DBDJPOFT FSB VOB TF±B EF JEFOUJEBE OVFWB QFSP FTUF TFOUJEP TVTDSJCJNPT VO DPOWFOJP DPO MB -POKB 4FHPWJBOB RVF VOB WF[ TF FOHSBT³ FM NPUPS "MJNFOUPT EF FT MB RVF GJKB TFNBOBMNFOUF MPT QSFDJPT EFM HBOBEP -FT IFNPT EFKB 4FHPWJB IB HBOBEP BEFQUPT EF GPSNB FYQPOFODJBM EP FM 1BMBDJP 1SPWJODJBM QBSB RVF QVFEBO DFMFCSBS BRV­ TVT NFTBT EF &M B±P QBTBEP TV DSFDJNJFOUP GVF FTQFDUBDVMBS EF DPUJ[BDJ³O Z TF MFT IB EPUBEP EF VOB DPOFYJ³O EF WJEFPDPOGFSFODJB DFSDB EFM )PZ QPEFNPT EFDJS RVF MPT QSP QBSB RVF QVFEBO QBSUJDJQBS FO MB EJTUJODJB BMHVOPT EF TVT DPNQP EVDUPT TFHPWJBOPT RVJFSFO FTUBS CBKP TV QBSBHVBT OFOUFT 5BNCJ©O IFNPT TVTDSJUP VO DPOWFOJP DPO "TBKB QBSB EPUBS Z RVF MPT TFHPWJBOPT CVTDBO MB SFGFSFODJB EF B TVT NJFNCSPT EF VOB BQMJDBDJ³O JOGPSN¡UJDB RVF MFT QFSNJUB "MJNFOUPT EF 4FHPWJB DVBOEP IBDFO TV DPNQSB

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

-B GJHVSB EF 4BOUB .BS¬B EF 7BMQVFTUB EPNJOB MB QBOPS NJDB EF MB MPDBMJEBE 3FQPSUBKF HS GJDP 5SVDIVFMP

&O CVTDB EFM PSJHFO EFM JEJPNB DBTUFMMBOP 3FEBDDJ²O

ÃÊV>ÀÌÕ >À ÃÊ`iÊ-> Ì>Ê >À >Ê`iÊ6> «ÕiÃÌ>]Êi Êi Ê ÀÌiÊ`iÊ ÕÀ} Ã]Êà ÊV à `iÀ>` ÃÊ« ÀÊ Ã iÝ«iÀÌ ÃÊV Êi Ê«À iÀÊà « ÀÌiÊ`iÊ >Ê i }Õ>ÊiÃVÀ Ì>°Ê Ê >L >]Ê`iÊÕ ÊV>À?VÌiÀÊÀÖÃÌ V Ê>V À`iÊV Ê i Êi Ì À Êi ʵÕiÊÃiÊ V ]ÊÃiÊÛ Êv>Û ÀiV `>Ê« ÀÊ ÃÊ>V ÌiV i Ì ÃÊ ÃÌ À V ÃÊ«>À>ÊÃÕÊiÝ«> Ã Ê B SJWBMJEBE FOUSF MPT EJTUJOUPT MVHBSFT B MPT RVF MPT FYQFSUPT IBO BUSJCVJEP TFHºO EJTUJOUBT ©QPDBT FM OBDJNJFOUP EFM DBTUFMMBOP DPNP MFOHVB FTDSJUB QBSFDF DPOEFOBEB B TV GJO $BEB WF[ TPO N¡T MBT WPDFT RVF TF EFDBOUBO QPS 7BMQVFTUB QBSB FTUF IJUP &T MB DPMFHJBUB EF FTUB MPDBMJEBE EF MB DPNBSDB EF MBT .FSJOEBEFT FO MB FODSVDJKBEB DPO MPT WBMMFT BMBWFTFT EF 7BMEFHPW­B Z 7BMEFSFKP Z MB DPNBSDB CVSHBMFTB EF MB #VSFCB BM SFTHVBSEP EF MPT NPOUFT 0CBSFOFT FM FTQBDJP G­TJDP &M DBSUVMBSJP EF 7BMQVFTUB MB QSVFCB 4PCSF UPEP BIPSB RVF MPT FTQFDJBMJTUBT IBO DPODMVJEP RVF MBT HMPTBT FNJMJBOFOTFT GVFSPO FTDSJUBT FO FM TJHMP 9* Z OP FO FM 9 DPNP TF DSFZ³ IBTUB OP IBDF EFNBTJBEP NJFOUSBT RVF MBT BDUBT N¡T BOUJHVBT EFM DBSUVMBSJP EF 7BMQVFTUB TPO EF GJOBMFT EFM TJHMP *9 Z DPNJFO[PT EFM 9

&T FM QBMF³MPHP 4BUVSOJOP 3VJ[ EF -PJ[BHB RVJFO IBDF QºCMJDB VOB

USBOTDSJQDJ³O EF MB TFHVOEB QBSUF EF MPT NBOVTDSJ UPT DPOPDJEPT DPNP Ɔ-PT DBSUVMBSJPT H³UJDP Z HBMJ DBOP EF 4BOUB .BS­B EF 7BMQVFTUBƇ QBSB EBS MV[ BM BTVOUP UBM Z DPNP SFTF±B FM IJTUPSJBEPS /JDPM¡T %VMBOUP 3VJ[ EF -PJ[BHB FO TV MJCSP Ɔ-FOHVB Z DVMUVSB FO MBWB TJHMPT *9 9** Ƈ SFTF±B OVNFSPTBT QBMBCSBT DBTUFMMBOBT RVF SFDVQFSB EFM D³EJDF 5BNCJ©O BMVEF B U©SNJOPT KVS­EJDPT Z WPDBCMPT SPNBODFB EPT EF MB WJEB TPDJBM BT­ DPNP BOBMJ[B MBT EJTUJOUBT HSBG­BT SBTHPT GPO©UJDPT Z TV TJOUBYJT -B DPODMV TJ³O M³HJDB RVF DVFOUB DBEB WF[ DPO NBZPS SFTQBM EP FOUSF MPT FYQFSUPT FT RVF FM DBTUFMMBOP DPNFO [³ B FTDSJCJSTF IBDF N¡T EF NJM B±PT FO MB NBSHFO

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

J[RVJFSEB EFM BMUP &CSP $PODSFUBNFOUF FO FM WBMMF EF 7BMEFHPW­B Ɗ"MM­ TF MFWBOU³ VO NPOBTUFSJP FO MPT BMCPSFT EF MB 3FDPORVJTUB Z B MB TPNCSB EF TVT NVSPT VOPT NPOKFT BNBOVFOTFT FTDSJCJFSPO FM DBSUVMBSJP N¡T BOUJHVP EF MB QFO­OTVMB *C©SJDB EF RVF TF UJFOF OPUJDJB 4FHºO TF EFEVDF EF PQJOJPOFT Z BQSFDJBDJPOFT EF BDSFEJUBEPT QBMF³MPHPT Z GJM³MPHPT OP IBZ PUSPT EPDVNFOUPT DPO UFT UJNPOJPT FTDSJUPT FO SPNBODF DBTUFMMBOP RVF TFBO BOUFSJPSFT B MBT BDUBT N¡T BOUJHVBT EFM DBSUVMBSJP WJFKP EF FTF NPOBTUFSJP EF 4BOUB .BS­B EF 7BMQVFTUBƋ BTFHVSB %VMBOUP

Ê}iÀ i Ê À> 3FTVMUB M³HJDP EFEVDJS RVF CBTUBOUF BOUFT EF RVF MPT BNBOVFOTFT EFKBSBO DPOTUBODJB FTDSJUB EF MBT QSJNFSBT QBMBCSBT RVF QPEF

&M SFUBCMP NBZPS EF MB DPMFHJBUB EF NFEJBEPT EFM 97* FT PCSB EF 'FMJQF EF #JHBSOZ

>ÃÊ} Ã>ÃÊi > i Ãià à ʫ ÃÌiÀ ÀiÃÊ> Ê V>ÀÌÕ >À Ê`iÊ6> «ÕiÃÌ>Ê NPT DPOTJEFSBS DPNP FM HFSNFO EFM JEJPNB RVF EFSJWBS­B BM FTQB±PM MBT QFSTPOBT MMFWB CBO ZB UJFNQP FNQMFBOEP FTUBT FYQSFTJPOFT FO TV DPNVOJDBDJ³O PSBM EJBSJB -B DPOTUBO DJB FTDSJUB N¡T BOUJHVB EF FTF SPNBODF MB IBMMBNPT BEFN¡T EF FO 7BMQVFTUB FO MPT DBSUVMBSJPT EF PUSBT MPDBMJEBEFT OPSUF±BT DPNP 0±B #VSHPT "HVJMBS EF $BNQPP 1BMFODJB 4BOUJMMBOB EFM .BS Z 4BOUP±B $BOUBCSJB Z FO MBT HMPTBT FNJMJBOFOTFT Z TJMFOTFT "MHVOPT EF FTUPT IJTU³SJDPT EPDV NFOUP QVFEFO WFSTF FO MB FYQPTJDJ³O RVF PSHBOJ[B FM *OTUJUVUP $BTUFMMBOP Z -FPO©T EF MB -FOHVB FO TV TFEF EF #VSHPT

±±± 9 hm W

&Ý

5PEP BQVOUB B RVF MBT QSJNFSBT NBOJGFTUB DJPOFT IBCMBEBT EF MB JODJQJFOUF MFOHVB TF QSPEVKFSPO FO VO ¡SFB N¡T FYUFOTB RVF FM ¡NCJUP HFPHS¡GJDP EF 7BMEFHPW­B *ODMVJS­B UBNCJ©O MBT .FSJOEBEFT EF $BTUJMMB FM TVS EF $BOUBCSJB FM 7BMMF EF .FOB Z MBT &ODBSUBDJPOFT EF 7J[DBZB %VMBOUP BUSJCV ZF BM ƊBDBFDFS IJTU³SJDPƋ MB DBVTB HFO©SJDB QPS MB RVF VO JEJPNB RVF TF GPSK³ FO VO SFEVDJEP FTQBDJP G­TJDP TF IBZB FYUFOEJEP QPS UPEP FM NVOEP Ɗ4F IB BDIBDBEP BM IBCMB DBTUFMMBOB FO TVT JOJDJPT EF SºTUJDB Z MVHBSF±B FO TJOUPO­B DPO MP BHSFTUF EF MB [POB Z EF UFOFS VOPT HJSPT MJOH¼­TUJDPT NFOPT EFTSSPMMBEPT RVF MBT EFN¡T MFOHVBT SPN¡OJDBT QFOJOTVMBSFT 1PS FTP TPSQSFOEF RVF TF IBZB DPOWFSUJEP FO FM NFEJP EF DPNVOJDBDJ³O EF FTB NBTB UBO HSBOEF EF IJTQBOPIBCMBOUFT IJTQBOPIBCMBOUFT B MB RVF IBCS­B RVF TVNBS PUSPT UBOUPT NJMMPOFT EF FTUVEJBOUFT EF DPMFHJPT Z VOJWFSTJEBEFT EF UPEP FM NVOEP QSJODJQBMNFOUF EF &TUBEPT 6OJEPT Z #SBTJMƋ BQVOUB FM IJTUPSJB EPS FO VOP TVT FTDSJUPT

%FUBMMF EF MB PCSB QJOUBEB Z EPSBEB QPS FM GSBOD¨T -F²O 1JDBSEP

$BTB EFM JORVJTJEPS ;BMEJWBS FO MB QMB[B EFM QVFCMP CVSHBM¨T

} mzm~z

3 Ý 5Ý Ý

m WO£} SWt z £m£ª£} 9 £Wtt9z} ³ W}zX SW t9 Wzhª9

&O VO QFRVF°P SJOD²O

5

\gh `babf Xa _bf T bf bfVhebf l cX_XTWbf WX _bf be ZXaXf- @bagXf WX BVT `TeVTUT X_ _ `\gX cbe X_ abebXf gX `\XageTf 9\gXeb T g\eb WX c\XWeT WX 6TfgebZXe\m Y\]TUT _T YebagXeT Vba ?X a l 6TeTmb `hl VXeVT WX FT_Tf XfgTU_XV T _T `TeVT fhe TU\XegT 6Tfg\X__T cbe X_ abegX T _bf VT`\abf WX_ `Te! Fba _bf `yeZXaXf XfgTU_XV\ Wbf Xa X_ CbX`T WX 9Xeaya :bamy_Xm cTeT XfX cXdhX b e\aV a WX _bf g\X`cbf ` g\Vbf W\`Xaf\baXf eXWhV\WTf f cXeb W\`Xaf\baXf dhX lT eXUTfTa WX _TeZb _Tf TaZbfgheTf cbVb `Xabf WX V\Xa XfgebYTf TagXf fX T_TWTf cbe X_ cbXgT Te_Tag\ab! 8eT 6Tfg\__T I\X]T ha chXegb U\Xa VXeeTWb abaTi\X `yf XageTWT WX ha fb_b YbeTWb gbi\Xeba VTfgX__Tabf X_ chXegb U\Xa ZhTeWTWb cbeXaW WX gbWT 8fcT T XffX bib Y\aVTWb +* ! 7X ´chXegb U\Xa VXeeTWbµ T ´cXdhX b e\aV aµ _Tf W\fgTaV\Tf \agXe\beXf f\X`ceX eXfh_gTe Ta VbegTf! =bf @TahX_ Eh\m 4fXaV\b <eXaX Eh\m 4_U\ l @The\V\b ;XeeXeb =\` aXm XW\gbeXf WX ¶?bf UXVXeebf Z g\Vb l ZT_\VTab WX IT_chXfgT· [Ta fhUeTlTWb cbe X]X`c_b dhX WXfWX XfgT _bVT_\WTW fXWX Xc\fVbcT_ WheTagX `yf WX Wbf V\Xagbf T bf [TfgT X_ `baTfgXe\b WX FTa FT_iTWbe WX B T Vhlb YbaWb WbVh`XagT_ gT`U\ a eXfh_gT WX ce\`Xe beWXa cTeT X_ Xfgh 4PCSF FTUBT M¬OFBT BMHVOPT EF MPT EPDVNFOUPT RVF TF QVFEFO WFS FTUPT E¬BT FO MB FYQPTJDJ²O EFM W\b WX _bf be ZXaXf WX_ VTfgX__Tab TcXaTf 1BMBDJP EF MB *TMB " MB EFSFDIB FM NPOBTUFSJP EF 4BO 4BMWBEPS FO 0°B `XW Ta iX\ag\bV[b dh\_ `Xgebf Xa _ aXT eXVgT Xa gTagb XfVTfT`XagX fba W\Xm `Xabf WX fXfXagT l cbVb `yf WX VhTeXagT eXfh_gTWbf WX haT \aiXfg\ZTV\ a Y\_b_ Z\VT chXWTa XfgTe _bf dhX eXfcXVg\iT`XagX fXcTeTa T 5heZbf Vba WbVh`Xagbf Xa _T VTgXWeT_ U\Xa YhaWT`XagTWbfµ ! X_ TlhagT`\Xagb l X_ `baTfgXe\b WX FTa =hTa WX _T TUTW T WX FTa CXWeb WX 6TeWX T X_ `baTfgXe\b WX FTagb 7b`\aZb WX F\_bf l _T 6b_XZ\TgT WX IX\ag\ge f YbaWbf WbVh`XagT_Xf Vba VXeVT WX geXf `\_ 6biTeehU\Tf! WbVh`Xagbf \af\fgb! L eXVh eWXfX TdhX_ W\V[b WX_ eXYeTaXeb cbmb \afbaWTU_X WX fTUXeXf GeTmTaWb ha V eVh_b WX V\Xagb geX\agT dh\ fXVh_TeXf- ´4_X_hlT T_X_hlT VTWT VhT_ Vba _ `Xgebf WX eTW\b T_eXWXWbe WX _T fhlTµ! 6ba fh gTeXT dh\Xeb WXV\e! 7TaWb IT_chXfgT Eh\m 4fXaV\b 4_U\ l ;XeeXeb WX _TWb W\fVhf\baXf bV\bfTf dh\myf WX`T l! HTG Ý [Ta _XiTagTWb ha `TcT dhX TUTeVTe T f\TWTf! GTeXT [XV[T `Xabf gTeXTf cXa #Ý Ý Ý IT > ´gbWb X_ CT f ITfVb ceyVg\VT`XagX gbWT W\XagXf! ´FyUXgX FTaV[bµ XfVe\UX 6TagTUe\T X_ A8 WX CT_XaV\T gbWb X_ A l 6XeiTagXf Xa 7ba Dh\]bgX $+ < ´dhX ab

¦ § Ý Ý VXageb WX 5heZbf X_ A WX Fbe\T VTf\ gbWT Xf ha [b`UeX `yf dhX bgeb f\ab [TVX Ý Ý Ý k _T E\b]T l _T `\gTW bVV\WXagT_ WX ATiTeeTµ `yf dhX bgebµ! Ha [b`UeX b haT Xag\ XfcTV\b dhX Vbag\XaX iX\ag\ge f VXagebf WTW!%!+(# W\c_b`Tf aXVXfTe\T`XagX XV_Xf\yfg\Vbf ´ce k\`bf T IT_chXfgT l WX TYebagTWbf Xa fh`T WX TcbegTV\baXf Vba `Tlbe \agXe f cTeT X_ XfghW\b WX_ aTV\ cT_X ZeTYbf _Tg\a\fgTf [\fgbe\TWbeXf l _\a `\Xagb WX_ VTfgX__Tab _bf VhT_Xf TgXfbeTa ha gbgT_ WX %!+(# W\c_b`Tf f\a Z \fgTf cba\XaWb Xa Vb` a fhf fTUXeXf! ?Tf XW\V\baXf \aV_h\e _bf '#( aTiTeebf WX _bf f\Z_bf I<<< K<< dhX ThadhX Vba fbUeXTUha cTeV\T_Xf fXT VhT_ fXT _T XfcXV\T_\WTW chXfgT Xa _\mT WTaV\T WX Vbc\Tf f\a WhWT Vbafg\ghlXa ´VTag\WTW fhY\V\XagX cTeT dhX _bf WX]Ta WX`Tf\TWTf \aVXeg\Wh`UeXf!

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

Â&#x; Ă? Ă?

L Xa Xfb XfgT`bf Xa X_ <afg\ghgb- Xa _T XW\V\‰a WX _bf WbVh`Xagbf VTfgX__Tabf l V\‰a eXVTUTaWb X_ VbaVhefb WX _bf `X]beXf f\X`ceX _XbaXfXf WX _bf be„ZXaXf T cTeg\e WX _b `hV[b dhX lT fX [T __XiTWb T VTUb Vba f\X`ceX cXe`„gTfX`X eXVT_VTe_b WXfWX haT ‰cg\VT [\gbf WXfWX $,*# gTa fbUeXfT_\XagXf Vb`b _Tf Vb_XVV\baXf Âś9hXagXf `XW\XiT_Xf e\ZhebfT X \agXeW\fV\c_\aTe! VTfgX__Tab _XbaXfTf¡ WX =hTa =bf€ :TeV„T :bamy_Xm l 9eTaV\fVb =Ti\Xe CXˆT 6b_XZ\b Ha\iXef\gTe\b WX 5heZbf Âś7bVh`Xagbf l XfghW\bf cTeT _T [\fgbe\T WX_ 8a Y\a `yf iT_X [TVXe dhX WXV\e l XfgT Xkcbf\V\‰a bVV\WXagX cXa\afh_Te WheTagX _T 8WTW @XW\T¡ WX =bf€ ?h\f @Teg„a Ha\iXef\WTW WX `hXfgeT _b dhX fX [TVX Tag\V\cTaWb _b dhX WX \a`XW\T FT_T`TaVT l Âś9hXagXf l XfghW\bf WX [\fgbe\T _XbaXfT¡ WX =bf€ @Te„T 9XeayaWXm gb fX [Tey Xa c_XaT VbaY\e`TV\‰a WX Wbf _„aXTf WX geT 6Tg‰a fXe\X \agXZeTWT cbe V\Xagb geX\agT l UT]b TUfb_hgT`XagX Vb`c_X`XagTe\TfWbf ib_ÂŽ`XaXf dhX TUTeVTa _T gbgT_\WTW WX \aiXfg\ZTV\‰a l W\Yhf\‰a VbaVeXgTWT Xa _bf YbaWbf WX _bf TeV[\ibf WX_ Tag\Zhb eX\ab V\V_bf WX VbaYXeXaV\Tf Vhefbf gT__XeXf l l!

2Ă? Ă? _Xba€f XkgXaW\Wb Vb`b U\Xa fX fTUX cbe Xkcbf\V\baXf WX haya\`X TVXcgTV\‰a! 4fghe\Tf :T_\V\T l CbeghZT_! CbaZb cbe VTfb _T `hXfgeT Âś?bf be„ZXaXf § Ă? Ă? ž

WX_ XfcTˆb_¡ ceXfXagTWT Xa _T 9Xe\T Ă? Ă?

7bVh`Xagbf Xa c\mTeeT Xa cXeZT`\ab b Xa <agXeaTV\baT_ WX_ ?\Ueb WX :hTWT_T]TeT Â&#x; k cTcX_ WbVh`Xagbf! ?Tf c\mTeeTf i\f\ZbWTf! @€k\Vb WbaWX Vbafg\ghl‰ ha TVbagXV\ 8ageX X_ _Tg„a l fh W\fZeXZTV\‰a WX <fTUX_ `\Xagb X_ Tˆb Xa dhX 6Tfg\__T l ?X‰a YhX IX_ymdhXm Fbe\Tab %##' l _bf lT V\gTWbf fh \ai\gTWb WX [babe l _hXZb XkgXaW\WT Âś5XVXeebf Z‰g\Vb l ZT_\VTab WX IT_chXfgT¡ T _T Vb`ha\WTW Vba `\_Xf WX i\f\gTagXf l bUeTf T`UTf chU_\VTWTf Xa VbXW\V\‰a Vba _T EXT_ 4VTWX`\T 8fcTˆb_T cebagb fX ha T_hi\‰a WX eXYXeXaV\Tf Xa _bf `XW\bf WX Vb`ha\VT iXeya Vbag\ahTWTf cbe X_ Âś6Tegh_Te\b WX 6TeWXˆT¡ b Âś5XVXeeb Z‰g\Vb WX 6TeWXˆT¡ V\‰a! T VTeZb WX =bf€ 4agba\b 9XeayaWXm 9_‰eXm l Fba\T FXeaT FXeaT V‰W\VX W\c_b`y g\Vb dhX TgXfbeT geXfV\Xagbf fXfXagT l f\XgX WbVh`Xagbf Ybe`T_`XagX &*& cXeb ´4gg\aZXeXVTX_h` W\Z\gbÂľ XfVe\U\‰ 6\VXe‰a Xa 7X T`\V\ T_Zhabf TcTeXVXa eXcXg\Wbf YXV[TWbf XageX X_ +,, l X_ $#+( V\eVhafgTaV\T dhX g\T %* $#$ ´gbVTe X_ WXWb Vba X_ V\X_bÂľ! L Xfb fhcbaX _b Vbai\XegX Xa X_ VTegh_Te\b `yf Tag\Zhb WX _bf eX\abf [\fcya\Vbf WX_ bVV\WXagX 6TeWXˆT [TU_TaWb X_ eb`ya cT_TW\ab WX :bamT_b WX cXa\afh_Te! 6TeWXˆT fbUeXfT_X cbe _T VT_\WTW WX fhf ZeTY„Tf cbe _T W\fcbf\V\‰a Vh\ 5XeVXb- gbVTe `X]be W\V[b Vbag\ahTe gbVTaWb X_ V\X_b WTW„f\`T WX_ gXkgb cbe fhf \a\V\T_Xf `\a\TWTf cbe fhf gXfg\`ba\bf fbUeX _T [\fgb WX _bf be„ZXaXf WX_ XfcTˆb_! e\T WX 6Tfg\__T l `hl XfcXV\T_`XagX cbedhX \_h`\aT X_ XfghW\b WX _T eX_TV\‰a XageX X_ _Tg„a l X_ eb`TaVX Xa TdhX__bf `b`Xagbf! 6_Teb Xfgy dhX eXfh_gXa \`cXVTU_Xf Yehgb WX _T fh`T WX TcbegTV\baXf Vba cT_X‰ZeTYbf _Tg\a\fgTf [\fgbe\TWb 7XfWX _Tf c\mTeeTf WX Æi\_T l FT_T`TaVT X_ <afg\ghgb cTf‰ T IT_chXfgT l T[beT T eXf l _\aZ‘\fgTf cba\XaWb Xa Vb`ÂŽa fhf fTUXeXf! 8fgb _T ihX_gT WX Tˆbf WX geTUT]b VT__TWb [T __XZTWb _T bVTf\‰a WX 6TeWXˆT XgTcT gTa Xf TVTUTaWb Vba _Tf _\`\gTV\baXf dhX gTagTf \afXZhe\ WXV\f\iT Vb`b _Tf Wbf ceXVXWXagXf l _Tf dhX f\ZTa! 8_ <afg\ghgb b fXT ha Xdh\cb WTWXf Vba__XiTa! WX geTUT]b \agXeW\fV\c_\aTe XaVTUXmTWb cbe =bf€ @TahX_ Eh\m 4fXaV\b Ha\iXef\WTW WX IT__TWb_\W =bf€ ET`‰a @beT_T Ha\iXef\WTW WX ?X‰a =bf€ 4agba\b 5Tegb_ ;XeayaWXm Ha\iXef\WTW WX FT_T`TaVT l =bf€ 4agba\b ?T Xkcbf\V\‰a Âś?bf be„ZXaXf WX_ XfcTˆb_ <<! 7X 9XeayaWXm 9_‰eXm Ha\iXef\WTW WX 5heZbf VbbeW\aTWb cbe 4agba\b Æ_iTeXm IT_chXfgT T 6TeWXˆT fX chXWX iXe Xa X_ GX]XWbe Ha\iXef\WTW WX 5heZbf l ceXf\W\Wb cbe `„ Xa VT_\WTW WX W\eXVgbe WX_ CT_TV\b WX _T <f_T 5heZbf [TfgT X_ $* WX TUe\_ <?6L? dhX eXV[TmTaWb VhT_dh\Xe g\cb WX _\`\gTV\baXf WX XfcXV\T_\WTW WX XfVhX _T b WX cTeV\T_\WTW _bVT_\fgT [TVX fXˆT WX \WXag\WTW WX _T VTcTV\WTW WX \agXZeT

t9 W°}tªOm~z O}vªzW 9

.FNPSJB TFHPWJBOB EF MB SFWPMVDJ²O DPNVOFSB º ÕÞÊ ÕÃÌ ÊÃiÀ >ʵÕiÊ-i} Û >Êi Û iÊÃÕÃÊ«> ÃÊ«>À>Êi À µÕiViÀÊ >ÃÊviÀ >ÃÊ`iÊ i` >ÊÞÊ i` > i Û iÊÃÕÊ Õ V ÊÞÊ>ÀÌ iÀ >Ê«>À>Ê`iÃÌÀÕ ÀÊ ÃÊ ÕÀ ÃÊ`iÊ-i} Û >»°Ê ÊiÃÌiÊÀiµÕiÀ i Ì Ãi} Û > ]Ê>Ìi ` ` Ê« ÀÊ ÃÊ i` iÃiÃ]Ê> L>ÃÊV Õ`>`iÃʵÕi`>À Ê iÀ > >`>ÃÊ«>À>Ê >Ê ÃÌ À >Êi ÊÕ Ê`iÊ ÃÊi« à ` ÃÊ ?ÃÊÛ> iÀ à ÃÊÞÊ« V ÊV V ` ÃÊ`iÊ >Ê ÕiÀÀ>Ê`iÊ >ÃÊ Õ `>`iÃ

&O MB JNBHFO .FEJOB EFM $BNQP FT BSSBTBEB QPS MBT USPQBT JNQFSJBMFT *MVTUSBDJPOFT EF +PT¨ 3BN²O "MNFJEB DFEJEBT QPS FM $FOUSP EF *OUFSQSFUBDJ²O EF 5PSSFMPCBU²O b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

"MCFSUP )FSSFSBT %¬F[

M ©YJUP EF MB TFSJF UFMFWJTJWB Ɔ*TBCFMƇ IB QVFTUP EF NPEB FM JOUFS©T QPS VOB ©QPDB DSVDJBM EF MB IJTUPSJB EF &TQB±B Z QPS VOPT BDPOUFDJNJFOUPT DVZP EFTBSSPMMP UVWP DPNP FTDF OBSJP CVFOB QBSUF EFM BDUVBM UFSSJUPSJP DBTUFMMBOP MFPO©T 1FSP TJ CJFO FT DJFSUP FM FRVJMJCSJP MPHSBEP QPS MPT 3FZFT $BU³MJDPT FO TVT FTUBEPT OP FT NFOPT DJFSUP RVF FTUF TF RVJFCSB B QSJODJQJPT EFM TJHMP 97* QSJNFSP DPO MB NVFSUF FO EF MB SFJOB MB QPT UFSJPS DSJTJT EJO¡TUJDB EFTQV©T Z MB MMFHBEB DPNP NPOBSDB EF TV OJFUP $BSMPT EF (BOUF DPOTJEFSBEP FYUSBOKFSP QPS TVT TºCEJUPT

!

-P RVF DPNFO[³ FO $BTUJMMB DPNP NBMFTUBS HFOFSBMJ[BEP BOUF FM NBM HPCJFSOP EF MPT >ÊÀiÛÕi Ì>ÊÃiÊV> > â Êi DPOTFKFSPT GMBNFODPT WFOJ / i` Êi Êi Ê Ì Ê`iÊ£x£ EPT DPO FM SFZ BHSBWBEP QPS TV FMFDDJ³O B MB EJHOJEBE ÞÊiÝ« Ì ÊÛ i Ì> i ÌiÊi JNQFSJBM Z FM JOJDJP EF VOB QPM­UJDB FYUFSJPS DPOUSBSJB B -i} Û >Êi Ê >Þ Ê`iÊ£xÓä MBT USBEJDJPOFT DBTUFMMBOBT RVF EFTQFSUBSPO FO BNQMJPT TFDUPSFT TPDJBMFT FM UFNPS B RVF $BTUJMMB GVFTF TBDSJGJDBEB B JOUF SFTFT BKFOPT B MPT TVZPT TF DBOBMJ[³ FO 5PMFEP FO FM PUP±P EF FYQMPU³ WJPMFOUBNFOUF FO 4FHPWJB FO NBZP EF TF FYUFOEJ³ DPNP SFHVFSP EF Q³MWPSB QPS WJMMBT Z DJVEBEFT Z BDBC³ USJTUFNFOUF FO 7JMMBMBS FO BCSJM EFM B±P TJHVJFOUF EFK³ TFDVFMBT DJDBUSJDFT Z BNBSHPT SFDVFSEPT FO MB TPDJFEBE DBTUF MMBOB NBSDBEB EFTEF FOUPODFT QPS UBMFT BDPOUFDJNJFOUPT

&M EF NBZP 1BTDVB EFM &TQ­SJUV 4BOUP UFO­B MVHBS FO MB JHMFTJB EFM $PSQVT $ISJTUJ EF 4FHPWJB MB SFVOJ³O BOVBM EF MPT DVBESJMMFSPT FODBSHBEPT EF SFDBV EBS MPT JNQVFTUPT MPDBMFT QFSP FM UFNB EF DPOWFSTBDJ³O OP FSB PUSP RVF MPT BDPOUFDJNJFOUPT EF -B $PSV±B Z MB NBSDIB EFM SFZ MP RVF EJP QJF B MBT EVSBT BDVTBDJPOFT RVF BMHVOPT MBO[BSPO DPOUSB MPT SFQSF TFOUBOUFT EFM QPEFS SFBM FM DPSSF HJEPS Z TVT DPMBCPSBEPSFT 2VJ[¡ OBEB IVCJFSB TVDFEJ EP TJO MB BJSBEB SFBDDJ³O EF VO GVODJPOBSJP TVC BMUFSOP FM WJFKP D P S D I F U F )FSO¡O - ³ Q F [ .FM³O

ÃÊ«À iÀ ÃÊÞÊ ?Ã Û i Ì ÃÊ V `i ÌiÃÊ Ɗ'VF 4FHPWJB FM FTDFOBSJP EF MPT QSJNFSPT Z N¡T WJPMFOUPT JODJ EFOUFTƋ BGJSNB FM IJTUPSJBEPS Z 1SFNJP 1S­ODJQF EF "TUVSJBT EF $JFODJBT 4PDJBMFT +PTFQI 1©SF[ QVFT MB DJVEBE KVH³ VO QBQFM FTFODJBM FO FM JOJDJP EF MB SFWVFMUB Z TV QPTUFSJPS EFTBSSPMMP QBSB DPOWFSUJSTF FO SFWPMVDJ³O

º+Õ â?Ê >`>Ê ÕL iÀ>ÊÃÕVi ` ` ÊÃ Ê >Ê> À>`>ÊÀi>VV `iÊÕ ÊvÕ V >À ÊÃÕL> ÌiÀ ]Ê iÀ ? Ê «iâÊ i °°°» 4JMVFUB EF +VBO #SBWP DBQJU O EF MPT DPNVOFSPT TFHPWJBOPT

±±± 9 hm W

Ý Ý

-B 3FWPMVDJ³O EF MBT $PNVOJEBEFT EF $BTUJMMB DPO WVMTJPO³ MBT UJFSSBT EF MB NFTFUB DBTUFMMBOB B BNCPT MBEPT EF MB $PSEJMMFSB $FOUSBM Z TPMP GBMUB VO MVTUSP QBSB RVF TF DVNQMB FM RVJOUP DFOUFOBSJP EF TV JOJ DJP 1BSFDF QVFT NPNFOUP QSPQJDJP QBSB SFDPSEBS BRVF MMPT IFDIPT Z CVTDBS MBT IVF MMBT RVF BºO DPOTFSWB EF FMMPT MB DJVEBE EF 4FHPWJB

-B SFVOJ³O EF MBT $PSUFT EF $BTUJMMB FO -B $PSV±B FO BCSJM EF TF JOJDJ³ DPO MB NBOJGJFTUB PQPTJDJ³O EF OVNFSPTPT QSPDV SBEPSFT B MPT JNQVFTUPT DPO MPT RVF FM SFZ QSFUFOE­B MPHSBS FM EJOFSP OFDFTBSJP QBSB MPT DVBOUJPTPT HBTUPT EFSJWBEPT EF TV FMFDDJ³O JNQFSJBM 1FSP B GVFS[B EF BNFOB[BT DIBO UBKFT Z TPCSF UPEP DVBOUJPTPT TPCPSOPT B MPT EJQVUBEPT RVF DBNCJBTFO EF BDUJUVE FM SFZ MPHS³ MP RVF TF QSPQPO­B

º ÊÌÀ Õ v>ÀÊ >ÊÀiÛÕi Ì>]Ê ÃÊ «>ÀÌ `>À ÃÊ`i Êi «iÀ>` ÀÊÃi >ÌÀ V iÀ>À Êi Êi Ê V?â>ÀÊ ÞÊ VÕ«>À Ê Ì>À i ÌiÊ > > Ì }Õ>ÊV>Ìi`À> »

*NBHFO 5VSJTNP EF 4FHPWJB

SFQSPDIBOEP TVT DS­UJDBT B MPT BDVTBEPSFT DPOUSB EVDBEPT Z VO PGJDJP Ê«À VÕÀ>` ÀÊ, `À } Ê`i USFTDJFOUPT MPT RVF MBO[³ WFMBEBT BNFOB[BT -B SFBDDJ³O GVF EF MB $BTB EF MB .POFEB QPS GVMNJOBOUF MF TBDBSPO GVFSB B HSJUPT EF NVFSB / À`ià >ÃÊvÕiÊ>ÀÀ>ÃÌÀ>` DBNCJBS TV WPUP B GBWPS EFM TFSWJ USBJEPS Z FOFNJHP EFM CJFO DPNºO MF BSSBTUSB DJP TPMJDJUBEP QPS FM SFZ -F BSSBT SPO B MBT BGVFSBT IBTUB MBT JONFEJBDJPOFT EF MB « ÀÊ >ÊÌÕÀL>ÊÞÊ ÕÀ Ê> Ìià USBSPO DPO VOB TPHB BM DVFMMP FSNJUB EF MB $SV[ EFM .FSDBEP EPOEF MMFH³ VOB IBDJB MB D¡SDFM QFSP BM NPSJS `iÊ i}>ÀÊ>Ê >ÊV?ÀVi NVMUJUVE EF N¡T EF EPT NJM QFSTPOBT Z MF DPMHB BOUFT EF MMFHBS BDBC³ DPMHBEP SPO BVORVF ZB NVFSUP B DBVTB EF MPT HPMQFT EF QPS MPT QJFT KVOUP B MPT EPT EFM VOB JNQSPWJTBEB IPSDB RVF MFWBOUBSPO DPO NBEFSB EF #BMTB­O E­B BOUFSJPS ƊEPOEF FTUVWJFSPO BMHVOPT RVF BMM­ TF BQJMBCB FTDSJCJNPT #BMTB­O DPO ƆCƇ UBM DPNP BQBSFDF E­BT TJO RVF BMHVOP TF BUSFWJFTF B TFQVMUBS FO OVNFSPTB EPDVNFOUBDJ³O BOUJHVB Z BCVOEBOUF CJCMJPHSBG­B MPT BVO EF OPDIFƋ "M SFHSFTBS MPT BVUPSFT EFM MJODIBNJFOUP DSV[BSPO VOBT QBMBCSBT FO FM "[PHVFKP DPO PUSP DPSDIFUF 3PRVF 1PSUBM RVF QPSUBCB QBQFM Z QMVNB Z QBSFD­B BOPUBS MPT OPNCSFT EF MPT QBSUJDJQBOUFT -BT UVSCBT FOGVSFDJEBT MF EJFSPO FM NJTNP USJTUF GJO RVF B TV DPNQB±FSP KVOUP BM RVF MP DPMHBSPO QPS MPT QJFT "M E­B TJHVJFOUF EF NBZP 3PESJHP EF 5PSEFTJMMBT QSPDVSB EPS EF MB DJVEBE Z UJFSSB RVF BDBCBCB EF SFHSFTBS EF -B $PSV±B TF QSFTFOU³ FO FM BUSJP EF 4BO .JHVFM MVHBS EF SFVOJ³O EFM "ZVOUBNJFOUP EF MB DJVEBE QBSB EBS DVFOUB EF TV BDUVBDJ³O /P BDVEJ³ FM PUSP QSPDVSBEPS +VBO 4¡ODIF[ RVF UFNJFOEP MB SFBDDJ³O QPQVMBS BDVEJ³ EJSFDUBNFOUF B TV MPDBMJEBE EF &M &TQJOBS -B NVDIFEVNCSF BHPMQBEB OP RVJTP FTDVDIBSMF Z MF FYJHJ³ DVFOUBT QVFT FSB EFM EPNJOJP QºCMJDP RVF IBC­B SFDJCJEP

±±± 9 hm W

>Ê > >ʵÕiÊ â Ê«Ài `iÀÊ > ÀiÛ ÕV Ê« ÀÊÌ `>Ê >ÃÌ > "RVFMMPT TBOHSJFOUPT TVDFTPT GVFSPO FM QSJ NFS QBTP EF VOB FTDBMBEB EF WJPMFODJB EF DPOTFDVFODJBT JNQSFWJTJCMFT &M $POTFKP 3FBM NBOE³ RVF FM GFSP[ 3PESJHP 3PORVJMMP BMDBMEF EF DBTB Z DPSUF DPO VOB USPQB EF NJM KJOFUFT ƊNVDIP BQBSBUP QBSB KVTUJDJB Z QPDP QBSB HVFSSBƋ GVFSB EF JONF EJBUP DPOUSB 4FHPWJB QBSB IBDFS TFOUJS B TVT HFOUFT FM JNQMBDBCMF QFTP EF MB MFZ 3PORVJMMP OP DPOTJHVJ³ FOUSBS FO MB DJVEBE

Ý Ý

6OP EF MPT MJODIBNJFOUPT QSPUBHPOJ[BEPT QPS MPT BJSBEPT WFDJOPT EF 4FHPWJB

7JTUB HFOFSBM EF 4FHPWJB EF "OUPO WBO EFO 8ZOHBFSEF FMBCPSBEP FO QPS FODBSHP EF 'FMJQF ** Z DPOTFSWBEP FO FM "TINPMFBO .VTFVN EF 0YGPSE 4F QVFEFO DPOUFNQMBS FM BDVFEVDUP MB DBUFESBM OVFWB FO QMFOB DPOTUSVDDJ²O MF GBMUBO MB DBCFDFSB Z FM SFNBUF EF MB UPSSF 4BO &TUFCBO MB BOUJHVB DBUFESBM EF 4BOUB .BS¬B DVCJFSUB DPO VOB C²WFEB EF NFEJP QVOUP Z TJO TF°BMJ[BDJ²O BMHVOB Z FM "MD [BS " MB J[RVJFSEB FTDVEP EFM PCJTQP EPO %JFHP EF 3JCFSB FO FM FYUFSJPS EF MB DBUFESBM " MB EFSFDIB MB JNBHFO H²UJDB EF MB 7JSHFO PCSB EF 4FCBTUJ O EF "MNPOBDJE Z TJUVBEB FO MB 1VFSUB EFM 1FSE²O QSPDFEFOUF EFM UFN QMP SPN OJDP "CBKP B MB J[RVJFSEB MB DBTB EF MPT #VJUSBHP EF MB RVF FO SFQSF TBMJB TF CPSS² FM FTDVEP GBNJ MJBS " MB EFSFDIB MB OJFCMB FOWVFMWF BM BMD [BS DPNP VO SFDVFSEP EF MB CBUBMMB RVF QBEFDJ² MB DJVEBE

£±m££W O}v W°m £9×)

.VSBMMB EFGFOTJWB TPCSF FM S¬P $MBNPSFT "M GPOEP FM "MD [BS

Ý Ý

NFSPEF³ QPS BMEFBT DFSDBOBT JOGMBNBOEP RV© QVFEF HBOBS .FEJOB 1PSRVF SFTJTUFODJBT QFSP UFNJFOEP FM BVYJMJP EF º i` >Êi Ê > « ʵÕi` WVFTUSBT GFSJBT OP TF IBDFO EF DBCBMMF +VBO EF 1BEJMMB EFTEF 5PMFEP TF SFUJS³ B SPT UJSBOPT TJOP EF NFSDBEFSFT TPM­DJ TV QBUSJB EF "S©WBMP $PO "MPOTP EF UPTƋ >ÀÀ>Ã>`>Ê« ÀÊi ÊvÕi} Ê 'POTFDB TF±PS EF $PDB GVF B .FEJOB EFM $BNQP QBSB BQPEFSBSTF EF MB BSUJMMFS­B EF «iÀ Ê Êi ÌÀi} ÊV> iÃÊ 3PORVJMMP QSPWPD³ VO JODFOEJP QBSB -B .PUB DPO MB RVF SFOEJS B 4FHPWJB GPS[BS B MB QPCMBDJ³O B BUBKBS FM GVFHP Ê Õ V » -MFHBSPO FM EF BHPTUP EF Z MPT BCBOEPOBOEP MB PQPTJDJ³O UPEP GVF NFEJOFOTFT TF BQPTUBSPO B MB EFGFOTB JOºUJM .FEJOB RVFE³ BSSBTBEB QPS FM $VBUSP E­BT BOUFT FM $PODFKP EF 4FHPWJB GVFHP QFSP OP FOUSFH³ DB±POFT OJ IBC­B FOWJBEP BM EF .FEJOB VOB DBSUB Ɗ-PT NFSDBEFSFT EF FTUB NVOJDJ³O "RVFMMB TFS­B MB MMBNB RVF IJ[P DJVEBE RVF FTU¡O BMM¡ FO MB GFSJB OPT IBO FTDSJUP RVF FTU¡JT FO QSFOEFS MB SFWPMVDJ³O QPS UPEB $BTUJMMB EVEB TJ EBS©JT P OP MB BSUJMMFS­B /P MB EBS©JT 1PSRVF NVZ JOKVT UP TFS­B RVF 4FHPWJB FOW­F TVT QB±PT QBSB FOSJRVFDFS MBT GFSJBT EF .FEJOB Z .FEJOB FOW­F TV NVOJDJ³O Z BSUJMMFS­B QBSB EFT ,Õ >Ê`iÊ >Ê >Ìi`À> Ê`iÊ-> Ì>Ê >À > USVJS MPT NVSPT EF 4FHPWJB Z EF MB EFTUSVDDJ³O EF 4FHPWJB WFE .JFOUSBT FO 4FHPWJB TF FYUFOEJ³ MB TVCMFWB DJ³O B MB WF[ RVF MPT QBSUJEBSJPT EFM FNQF SBEPS TF BUSJODIFSBSPO FO FM "MD¡[BS PDVQB SPO NJMJUBSNFOUF MB BOUJHVB DBUFESBM SPN¡ OJDB TJUVBEB BOUF MB GPSUBMF[B FYQVMTBOEP BM EF¡O Z DBCJMEP -PT DPNVOFSPT USBUBCBO EF FOUSBS FO FM UFNQMP QBSB EFTEF BMM­ BTF EJBS MB GPSUBMF[B MVDIBOEP FO TV JOUF SJPS DVFSQP B DVFSQP

º >ÃÊ LÀ>ÃÊ`iÊ >Ê ÕiÛ>ÊV>Ìi `À> Ê`ÕÀ>À Ê£xäÊ> Ã]Ê ÃÊ`i >Þ ÀÊ«À ëiÀ `>`Ê`iÊ >ÊV Õ `>`]Ê«iÀ ÊV ÊÃÕÊV V Õà >ÊV Õ`>`ʵÕi` ÊiÝ >ÕÃÌ>»

*NBHFO 5VSJTNP EF 4FHPWJB

º i Ê Õ}>ÀÊ` `iÊÃiÊ iÛ> Ì> >ÊiÃÌ>ÌÕ>Ê« V ÃÊÃi} Û > ÃÊÞÊ ÕV ÃÊ i ÃÊÌÕÀ Ã Ì>ÃÊÃ>Li ÊÃÕÊ LÀi\Ê* >â> `iÊ i` >Ê`i Ê > « » 6OB WF[ UPNBEB MB DBUFESBM TJHVJ³ MB MVDIB TFJT NFTFT MPT SFBMJTUBT EJTQPO­BO EF BSUJMMFS­B Z MPT DPNVOFSPT TPMP EF BSDBCVDFT MMFHBOEP B MFWBOUBS MBVEFT EFTNPOUBS SFKBT Z MB TJMMFS­B EFM DPSP Z VTBSMBT DPNP CBSSJDBEBT -B G¡CSJDB EFM UFNQMP TVGSJ³ HSBWFT EB±PT QFSP OP IBTUB FM QVOUP EF JNQF EJS TV SFDPOTUSVDDJ³O -B SFWVFMUB EFK³ QBUFOUF MB JODPOWFOJFODJB EF MB QSPYJNJ EBE EF "MD¡[BS Z $BUFESBM MP RVF TJSWJ³ BM FNQFSBEPS QBSB EFTFNCBSB[BSTF EF TV JOD³NPEB WFDJOB QPS D©EVMB EF EF BHPTUP EF PSEFO³ TV USBTMBEP B PUSP QVOUP EF MB DJVEBE &M DBCJMEP TF IBC­B USBTMBEBEP BM DPOWFOUP EF 4BOUB $MBSB Z FO TV JHMFTJB IBC­BO NBOUFOJEP MB DPOUJOVJEBE EFM DVMUP BT­ QVFT DPN QSBSPO FM DPOWFOUP Z MBT N¡T EF DJFO DBTBT FOUSF 4BOUB $MBSB "MNV[BSB Z DBMMF .BZPS OFDFTBSJBT QBSB MFWBOUBS MB OVFWB G¡CSJDB

+VBO #SBWP QSFTJEF MB 1MB[B EF .FEJOB EFM $BNQP GPUPHSBG¬B 3JDBSEP 0SUFHB "CBKP VOB EF MBT TBMBT EFM "MD [BS

Ý Ý

&M FNQFSBEPS BQBSFDJ³ DPNP HSBO CFOF GBDUPS EF MB PCSB PGSFDJFOEP NVDIP N¡T EF TJFUF NJM EVDBEPT QFSP QBHBOEP QPDP FM DBCJMEP TPMP DPOTJHVJ³ DPNQMF UBS FM QBHP EF EVDBEPT FO Z TF HBTU³ N¡T EF NBSBWFE­T FO

7JPMFOUP CPNCBSEFP QPS QBSUF EF MBT USPQBT EF $BSMPT *

JOUFOUBS FO WBOP DPCSBS FM SFTUP &M EF NBZP FO MB DPMBDJ³O EF 4BOUB &VMBMJB P FM EF FM PCJTQP EPO %JFHP EF 3JCFSB QSPDF 1 >ÊÛiâÊÌ >`>Ê >ÊÛ i > EF MB DBTB EF MB GBNJMJB $PSPOFM QSJ EJ³ B MB DFSFNPOJB EF BQFSUVSB EF DJNJFOUPT 4F NFS TVFHSP EF +VBO #SBWP FO MB BOUJ IJ[P QPS FM IBTUJBM EF QPOJFOUF B MPT QJFT Z OP V>Ìi`À> Êà }Õ Ê >Ê ÕV >ÊÃi à HVB KVEFS­B QPS MB DBCFDFSB DPNP FSB IBCJUVBM &M BDUP EF DPMPDBDJ³O EF MB QSJNFSB QJFESB TVQVTP MB iÃiÃÆÊÃ Ê ÃÊÀi> ÃÌ>à 1FSP UBMFT FGFDUPT UVWP FM PMWJEP GPS SFDPODJMJBDJ³O EFM FNQFSBEPS DPO MB DJVEBE Z [PTP RVF DVBOEP MPT MJCFSBMFT SFTDB ` ë > Ê`iÊ>ÀÌ iÀ > EFOUSP EF FTUB MB SFDPODJMJBDJ³O FOUSF TVT WFDJ UBSPO MB NFNPSJB EF MPT DPNVOFSPT OPT FOGSFOUBEPT FO BNCPT CBOEPT &M PCJTQP Z FSJHJFSPO MB FTUBUVB FO IPOPS EF DPODFEJ³ QFSE³O HFOFSBM B DVBOUPT DPOUSJCVZF +VBO #SBWP FO DVBSUP DFOUF SPO B MB SVJOB EFM WJFKP UFNQMP QPS FMMP MB QVFSUB RVF TF BCSF FO OBSJP EFM DPNJFO[P EF MB SFWPMVDJ³O FO FM MVHBS RVF DPNVOJDB MB OBWF QSJODJQBM Z FM FOMPTBEP TF DPOP 4FHPWJB MB TJUVBSPO GSFOUF B MB DBTB RVF GVF DF DPNP 1VFSUB EFM 1FSE³O TPMBS EF MPT 5PSEFTJMMBT FSS³OFBNFOUF JEFOUJGJ DBEB DPNP MB RVF IBCJUBTF DPO TV TFHVOEB -BT PCSBT EVSBSPO B±PT MPT EF NBZPS QSPTQFSJEBE FDPO³NJ NVKFS Z TVT TVFHSPT RVF TF TJUVBCB VO QPDP DB EF MB DJVEBE Z MPT EF NBZPS JOUFS©T IJTUPSJPHS¡GJDP QFSP QBSF N¡T BEFMBOUF FO MB NJTNB DBMMF EFSSJCBEB B DF RVF DPO TV DPODMVTJ³O MB DJVEBE RVFE³ FYIBVTUB UBOUP FDP NFEJBEPT EFM TJHMP QBTBEP QBSB MFWBOUBS FM O³NJDB DPNP QPCMBDJPOBMNFOUF QFSNBOFDJFOEP FO VO MFUBSHP IPUFM RVF IPZ FYJTUF EFM RVF OP DPNFO[BS­B B SFNPOUBS IBTUB CJFO FOUSBEP FM TJHMP 99 1PDPT B±PT EFTQV©T EF MB EFSSPUB EF 7JMMBMBS 4FHPWJB QBSFD­B IBCFS FYUFOEJEP VO UVQJEP WFMP TPCSF MB SFWVFMUB DPNVOFSB "M QSJODJQJP MB NFNPSJB EF MPT SFQSFTBMJBEPT QFSNBOFD­B HSBCBEB FO MB QJFESB EF MPT FTDVEPT QJDBEPT EF MBT RVF GVFSBO TVT DBTBT RVF BºO IPZ TF NVFTUSBO BM WJBOEBOUF DPNP MB EF MPT IFSNBOPT "OUPOJP Z 1FESP EF #VJUSBHP RVF TJSWJFSPO B MBT ³SEFOFT EF +VBO #SBWP RVF NVFTUSB OPCMF GBDIBEB EF GJOBMFT EFM TJHMP 97

i` >Ê`i Ê > « ÊÞÊ-i} Û >] iÀ > >`>ÃÊ>ÊÃ> }ÀiÊÞÊvÕi}

%FM MVHBS EPOEF TF MFWBOUB MB FTUBUVB QPDPT TFHP WJBOPT Z NVDIPT NFOPT UVSJTUBT TBCFO TV OPN CSF 1MB[B EF .FEJOB EFM $BNQP 6OB EF MBT N¡T CFMMBT EF &VSPQB QBSB FM .BSRV©T EF -P[PZB TPMP DPNQBSBCMF B MB 1MB[B EF &TQB±B FO

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

4FHPWJB E© TVT QJOB SFT DPO RVF TF SFQBSF .FEJOB Ƌ

&O TV JOUFSJPS DPOTFS WB CBTUBOUFT SFDVFS EPT EF MB BOUJHVB DBUFESBM SPN¡OJDB TJFOEP RVJ[¡ FM N¡T FTQFDUBDVMBS FM DMBVT +BSEJOFT TJUVBEPT FO FM FTQBDJP EPOEF TF MFWBOUBCB MB DBUFESBM SPN OJDB 'PUPHSBG¬B "MCFSUP )FSSFSBT USP RVF +VBO (VBT MFWBOUBTF B GJOFT EFM 3PNB QPS TVT EFTOJWFMFT FTDBMPOBEPT 4FHPWJB TJHMP 97 EFTNPOUBEP USBTMBEBEP RVJTP NBOUFOFS BT­ MB NFNPSJB EF MB FOUSFHB Z MB Z SFDPOTUSVJEP TFHºO BDVFSEP HFOFSPTJEBE RVF MB DJVEBE EF MBT GFSJBT UVWP DPO EFM DBCJMEP FO GFDIB BOUFSJPS BM >ÊV>Ìi`À> Ê> Ì }Õ>ÊvÕi MB TVZB DVBOEP BRVFM EF BHPTUP EF MB JOJDJP EFM OVFWP UFNQMP KVOJP EF TBOHSF Z FM GVFHP MBT IFSNBOBSPO QFSQFUVBNFOUF > `>`>Ê`iÀÀ L>À]Ê`i à "MBSEF EF MB JOHFOJFS­B Z RVF TF NBOJGFTU³ TPMP USFT E­BT EFTQV©T DVBOEP RVF NFSFDJ³ MPT FMPHJPT EF +PT© MB $PNVOJEBE EF 4FHPWJB FTDSJCF BM $PODFKP EF ÌÀ>`>Ê >Ê V Ûi i V >Ê`i .BS­B $VBESBEP BGJSNBOEP RVF .FEJOB DPNVOJD¡OEPMF FNPDJPOBEB FM TFOUJS ƊƑMPT NFEJPT OP DPOTUBO QFSP FO ÃÕÊViÀV> >Ê> Ê V?â>À QPS FM JODFOEJP BGJSNBOEP RVF ƊƑOP GVF PUSB MB FM E­B RVF EF UBOUPT FO NFD¡OJDB PDBTJ³O EF TV RVFNB TJOP QPSRVF OP RVJTP EBS FM TF EJTQPOF OP TF IBCS­B BSUJMMFS­B QBSB EFTUSVJS B 4FHPWJBƋ Z NPTUSBOEP TV MMFWBEP B DBCP MB FNQSFTB DPO TPMJEBSJEBE ƊƑOP QVFEF TFS DPTB N¡T KVTUB RVF QVFT .FEJOB GVF N¡T QSPOUJUVE Z GFMJDJEBE EF MB RVF MPHS³ PDBTJ³O RVF OP TF EFTUSVZFTF DPO FM BSUJMMFS­B TJD 4FHPWJB RVF +VBO $BNQFSP Ƌ

±±± 9 hm W

Ý Ý

&M UVSJTUB RVF MMFHVF B MB DJVEBE QPS FM TVSFTUF QVFEF IBDFS B QJF MB RVF QPES­BNPT EFOPNJOBS Ɔ3VUB $PNVOFSBƇ QVFT QSJ NFSP TF FODPOUSBS¡ DPO MB FSNJUB EFM .FSDBEP KVOUP B MB RVF DPMHBSPO MBT W­D UJNBT EF MPT MJODIB NJFOUPT EFTBOEBS¡ FM NJTNP USB[BEP RVF TJHVJFSPO TVT BVUPSFT QBTBS¡ KVOUP B MB FTUB UVB EFM DBVEJMMP DPNVOFSP Z MP RVF GVFSB FM TPMBS EF TV DBTB QVFEF FOUSBS FO MB JHMFTJB EFM $PSQVT BOUJHVB TJOBHPHB RVF FM GVFHP EFTUSVZFSB B GJOFT EFM TJHMP 9*9 Z IPZ TF FODVFOUSB QSJ NPSPTBNFOUF SFTUBV SBEB Z MMFHBS¡ B MB 1MB[B .BZPS FO DVZP DFOUSP TF MFWBOUBCB MB JHMFTJB EF 4BO .JHVFM DVZP IVOEJ NJFOUP FO TF BQSPWFDI³ QBSB USBT MBEBSMB B TV BDUVBM FNQMB[BNJFOUP Z DPOGPSNBS VO FTQB DJP RVF QFSNJUF MB WJTJ³O EF MB DBCFDFSB EF MB $BUFESBM ƆMB %BNB EF MBT $BUFESBMFTƇ VOB EF MBT QPTUBMFT TFHPWJB OBT N¡T VOJWFSTBM NFOUF DPOPDJEBT

>Ê À> `>Ê`iÊ >ÃÌ >Ê>LÀi >ÃÊ«ÕiÀÌ>ÃÊ«>À>Ê`iÃVÕLÀ À ÃÕÊ ÃÌ À >

5PSSF EF MB *HMFTJB EF 4BOUB .BS¬B .BHEBMFOB 'PUPHSBG¬B .FSDFEFT . #FKBSBOP

1BOPS NJDB EF MB 5JFSSB EF 1JOBSFT WBMMJTPMFUBOB WJTUB EFTEF FM NJSBEPS EF MB UPSSF

$SJTUJOB .BSU¬O

/À>ÃÊ` ÃÊ> ÃÊ`iÊÀi >L Ì>V ]Ê >Ê } ià >Ê`iÊ-> Ì>Ê >À >Ê >}`> i >Ê`iÊ >Ì>« âÕi à ­6> >` `®Ê ÕViÊV ÊÌ ` Êië i ` ÀÊÃÕÊLi >ÊÌ ÀÀi]Ê>L iÀÌ>Ê> Ê«ÖL V Ê«>À>Ê`iÃVÕLÀ ÀÊÃÕÊ ÃÌ À >ÊÞÊ>` À>ÀÊ`iÃ`iÊ Ê ?ÃÊ> Ì ÊÕ >ÃÊ >} v V>ÃÊÛ ÃÌ>ÃÊ`iÊ >Ê/ iÀÀ>Ê`iÊ* >Àià PO FM TPCSFOPNCSF EF Ɔ&M #BMD³O EF 1JOBSFTƇ MB SFIBCJMJUB EB UPSSF EF MB JHMFTJB EF .BUBQP[VFMPT BDPHF MB WJTJUB EF UVSJTUBT HFOUFT EF QVFCMPT DFSDBOPT Z UBNCJ©O BQBTJPOBEPT EF MB IJTUPSJB Z FM QBUSJNPOJP DVMUVSBM EF MB SFHJ³O EFTFPTPT EF BDDFEFS B FTUB WFSEBEFSB KPZB EF MB BSRVJUFDUVSB EF $BTUJMMB Z -F³O DPOPDJEB QPS UPEPT DPNP Ɔ-B (JSBMEB EF $BTUJMMBƇ EFCJEP B TV QBSFDJEP DPO MB GBNPTB UPSSF EF MB $BUFESBM EF 4FWJMMB 5PEP VO IPOPS MMFWBS FTF U­UVMP VO PSHVMMP QBSB TVT WFDJOPT RVJFOFT IBO WJTUP D³NP TV JHMFTJB EF 4BOUB .BS­B .BHEBMFOB FNQFPSBCB DPO MPT B±PT BVORVF GJOBMNFOUF IB QPEJEP WFS SFDVQFSBEP TV FTQMFO EPS HSBDJBT B MBT PCSBT MMFWBEBT B DBCP Z RVF DVMNJOBSPO FO

2

QMBOEP FO MPT P­EPT MPT DPMPSFT Z UFYUVSBT EF MPT DBNQPT DBTUFMMBOPT 5PEP VO FTQFDU¡DVMP EJHOP EF DPOPDFS &M HV­B WFDJOP EF .BUBQP[VFMPT FYQMJDB DPO PSHVMMP DV¡M FT MB IJTUPSJB EF FTUB HSBO UPSSF DPOTUSVJEB FO MBESJMMP Z QMBOUB DVBESBEB DVZPT JOJDJPT FTUVWJFSPO NBSDBEPT QPS MB MFO UJUVE FO FM SJUNP EF USBCBKP

'SBODJTDP EF MBT )FSBT $VFSWP NBFTUSP EF .FEJOB EFM $BNQP TF PDVQ³ EF DPOTUSVJS .BUBQP[VFMPT RVJFSF EBS B DPOPDFS VOP EF TVT QSJODJQBMFT SFDVS FOUSF MPT B±PT Z FM DVFSQP EF MB TPT UVS­TUJDPT FM RVF SFQSFTFOUB B FTUB MPDBMJEBE WBMMJTPMFUBOB RVF UPSSF DPMPDBOEP FO FM ºMUJNP B±P VO UFKBEP BIPSB SFBMJ[B WJTJUBT HVJBEBT B TV (JSBMEB EF $BTUJMMB .¡T EF QSPWJTJPOBM ZB RVF EFK³ TJO DFSSBS QPS DPN QFSTPOBT IBO FOUSBEP ZB FO FTUB QMFUP DBEB VOP EF MPT BSDPT EF MBT WFOUB UPSSF EF NFUSPT EF BMUVSB Z IBO BTDFOEJ OBT HSBOEFT EPOEF TF TJFOUBO MBT DBN EP TVT FTDBMPOFT DPO WBSJBT QBSBEBT FO ÃÌÀÕ `>Êi Êi Êà } Ê86 ] QBOBT %F FTUB GPSNB RVFEBCB SFNBUB FM DBNJOP QBSB DPOUFNQMBS VOBT NBSBWJMMP EP FM DVFSQP QSJODJQBM EF MB UPSSF BVO TBT WJTUBT EF MB 5JFSSB EF 1JOBSFT WBMMJTPMF i Ê >`À ]ÊVÕi Ì>ÊV Êxx RVF MBT DBNQBOBT TFHºO QBSFDF QVEJF UBOB BENJSBOEP B MP MFKPT QPCMBDJPOFT SPO TFS JOTUBMBEBT FO iÌÀ ÃÊ`iÊ> ÌÕÀ>Ê DPNP 1PSUJMMP 0MNFEP .PKBEPTƑ 4JO EVEB MB QBOPS¡NJDB JOWJUB B EJWJTBS FO 6OB WF[ RVF MBT BSDBT QBSSPRVJBMFT TF ÞÊ£ÈÓÊiÃV> ià TJMFODJP UBO TPMP DPO FM TPOJEP EFM BJSF SFTP SFDVQFSBSPO EF MPT JNQPSUBOUFT HBTUPT

±±± 9 hm W

Ý 3 Ý Ý 2Ý Ý

-B (JSBMEB EF $BTUJMMB VOB KPZB EFM QBUSJNPOJP SFHJPOBM

t9 hm 9tS9 SW O9 £mtt9

QBSB MB UPSSF FOUPODFT DPNFO[BSPO MBT HFT UJPOFT QBSB CVTDBS B VO NBFTUSP RVF DPO DMVZFSB FM ºMUJNP DVFSQP &M BSRVJUFDUP .BU­BT .BDIVDB FMBCPS³ MBT DPOEJDJPOFT EF MB PCSB Z MB FTDSJUVSB TF GJSN³ FO 7BMMBEPMJE FM E­B EF NBZP EF EFT QV©T EF RVF FM NBFTUSP "OES©T $JMMFSP WFDJOP EF MB WJMMB EF 5PSEFTJMMBT RVJTJFSB IBDFSTF DPO MB DPOUSBUB EF MB PCSB

>Ê } ià >Ê`iÊ >Ì>« âÕi à iÃÊÕ Ê`iÊ ÃÊ i Àià i i « ÃÊ`iÊ >Ê>ÀµÕ ÌiVÌÕÀ> Û> à iÌ> >Ê`i Êà } Ê86

$PO SFTQFDUP B TV BSRVJUFDUVSB FM EPCMF PDIBWP DPO TVT DPSSFEP SFT Z MB MJOUFSOB RVF MP DPSPOB FTUBCB DPODMVJEP BM GJOBMJ[BS FTF NJTNP B±P 1PS TV QBSUF MB FTDBMFSB EF DBSBDPM RVF TF EJTQP OF FO TV JOUFSJPS OP TF DPOTUSVZ³ IBTUB Z TV EJTF±P DPSSFT QPOEF BM BMBSJGF PMNFEBOP 5PN¡T ;BSBHP[B

Û ÕV Ê ÃÌ À V>Ê`iÊÃÕÊ } ià > $PNP T­NCPMP EF .BUBQP[VFMPT MB JHMFTJB EF 4BOUB .BS­B .BHEBMFOB KVOUP B TV UPSSF GPSNBO VO DPOKVOUP BSRVJUFDU³OJDP ºOJDP Z EFTUBDBEP FO $BTUJMMB Z -F³O 6CJDBEB KVOUP B MB DBSSFUF SB QSJODJQBM RVF VOF NVOJDJQJPT DPNP .PKBEPT "MDB[BS©O P 1PSUJMMP B MB MPDBMJEBE EF .FEJOB EFM $BNQP TF DPOWJFSUF FO FM MVHBS EF US¡OTJUP EF VO HSBO OºNFSP EF WFI­DVMPT DBEB TFNBOB Z EF HFOUFT RVF TF TPSQSFOEFO BM FODPOUSBSTF FTUF JNQSFTJPOBOUF UFNQMP

1FESP Z 4BO 1BCMP DPNQMFUBO MB EFDPSB DJ³O EF VOB FTQM©OEJEB Z CJFO SFTVFMUB DBQJMMB NBZPS DPOTJEFSBEB DPNP VOB EF MBT NFKPSFT EF MB BSRVJUFDUVSB DBTUFMMBOB EFM TJHMP 97* EPOEF MBT FTUSVDUVSBT Z FMFNFO UPT H³UJDPT Z SFOBDFOUJTUBT MPHSBO GPSNBS VO QFSGFDUP FRVJMJCSJP

ÃÊ> ÃÊ`iÊÀi >L Ì>V %FTEF FM B±P .BUBQP[VFMPT QSFUFOE­B RVF TV JHMFTJB EF 4BOUB .BS­B .BHEBMFOB GVFSB SFT UBVSBEB Z NFKPSBSB $PO FM QBTP EFM UJFNQP IBC­B JEP FNQFPSBOEP TV FTUBEP Z MPT WFDJOPT NJSBCBO DPO USJTUF[B D³NP FM T­NCPMP EF MB MPDB MJEBE QFSE­B TV CFMMF[B "VORVF QSFTVNF EF HSBO WBMPS QPS T­ TPMB MB JNQPSUBODJB EF FTUB JHMFTJB USBT TV EFTUBDBEB SFIBCJMJUBDJ³O UBNCJ©O SFTJEF FO TV JNQPOFOUF UPSSF

-BT PCSBT EF SFIBCJMJUBDJ³O DPNFO[BSPO FO DPO VOB JOWFSTJ³O EF N¡T EF FVSPT EFTUJOBEPT B SFBMJ[BS VO MBWBEP EF DBSB B MB GBDIBEB FM BUSJP EFM UFNQMP Z QPS TVQVFTUP MB UPSSF %PT B±PT EFTQV©T EF JOJ DJBSTF MBT PCSBT MBT HFOUFT EF -B JHMFTJB IB TJEP DBMJGJDBEB DPNP VOP EF MPT NFKPSFT FKFNQMPT EF MB BSRVJUFDUVSB WBMMJTPMFUBOB EFM TJHMP 97* 1 >Ê ÕiÛ>ÊiÃV> iÀ>Ê«iÀ Ìi .BUBQP[VFMPT TF DPOWJSUJFSPO FO MB RVF TF TVQFSQPOFO CMPRVFT BSRVJUFDU³OJDPT H³UJ >ÃVi `iÀÊ> Ê À>` ÀÊÞÊV FO MBT QSJNFSBT FO WJTJUBS MB OVFWB JNBHFO EF TV QSFDJBEB DPT Z FMFNFOUPT FTUSVDUVSBMFT Z PSOBNFOUBMFT EFM KPZB Z BMHVOPT EF FMMPT MPT N¡T 3FOBDJNJFOUP -B QJFESB EF BSDPT Z TPQPSUFT DPOWJWF Ìi « >ÀÊ >Ê«> À? V> NBZPSFT TF FNPDJPOBSPO BM WPM DPO FM MBESJMMP FM NBUFSJBM QSFEPNJOBOUF EF FTUF UFN WFS B WFS TV JOUFSJPS QMP Z DPO FM DVBM TF MMFWBSPO B DBCP MBT C³WFEBT Z MPT NVSPT EFM FEJGJDJP FOMB[BOEP BT­ DPO FM FNQMFP EF NBUFSJBM NVE© -B NBZPS QBSUF EF MBT QFSTPOBT RVF IBC­BO BDDF KBS 4F FODVFOUSB QSFDFEJEB QPS VO FTQBDJPTP BUSJP DPOTUSVJEP EPT EJEP FO BMHVOB PDBTJ³O B MB UPSSF IBC­BO TJEP TJHMPT EFTQV©T NPOBHVJMMPT EF MB JHMFTJB Z EVSBOUF FTF QFSJPEP -B QBSUF N¡T QSJNJUJWB EFM FEJGJDJP DPSSFTQPOEF B MB DBCFDF SB EF GPSNBUP SFDUBOHVMBS RVF DPNFO[³ B EBSTF GPSNB FO 7JTUB HFOFSBM EF MB JHMFTJB EF FM B±P TJFOEP %JFHP EF 4FHPWJB FM NBFTUSP FODBSHB .BUBQP[VFMPT Z MB OVFWB FTDB EP EF TV FKFDVDJ³O -BT PCSBT OP BWBO[BCBO UBO S¡QJEB MFSB JOTUBMBEB QBSB BTDFOEFS NFOUF DPNP TF FTQFSBCB Z FO UPEBW­B GBMUBCB QPS IBTUB FM NJSBEPS BCPWFEBS Z DVCSJS FTB QBSUF EF MB JHMFTJB &M DFSSBNJFO UP TF FGFDUV³ GJOBMNFOUF NFEJBOUF VOB C³WFEB EF DSV DFS­B FTUSFMMBEB EPOEF MPT ƆOFSWJPTƇ DPNCBEPT TF FODBS HBCBO EF EJCVKBS VOB DSV[ FO UPSOP B VO D­SDVMP DFO USBM -BT WFOUBOBT EF NFEJP QVOUP BMVNCSBO OPUBCMFNFOUF FM JOUFSJPS EF MB JHMFTJB Z TF FODVFOUSBO JOTUBMBEBT FO FM MBEP EF MB FQ­TUPMB Z FO MB QBSUF EFM &WBOHFMJP EPT NFEBMMPOFT DPMPDBEPT TPCSF MBT WFOFSBT DPO MPT CVTUPT EF 4BO

(OSTELEROS ADSCRITOS A @-ATAPOZUELOS 6ILLA 'ASTRONÀMICA

"M BDDFEFS B MB (JSBMEB EF $BTUJMMB MP QSJNFSP RVF FM UVSJTUB PCTFSWB FT VO FTUSFDIP FTQBDJP UPUBMNFOUF SFT UBVSBEP EPOEF TF FODVFOUSB MB FTDBMFSB EF QJFESB Z MBESJMMP RVF TVCF IBTUB MP N¡T BMUP EF MB UPSSF &M UVSJTUB FODPOUSBS¡ EPT QBSBEBT FO TV BTDFOTP IBTUB FM DBNQBOBSJP Z VOB FTDBMFSB EF DBSBDPM SFDJFOUF NFOUF JOTUBMBEB RVF QFSNJUF TVCJS VOPT QFMEB±PT N¡T Z FODPOUSBS FM ZB GBNPTP NJSBEPS EFTEF EPOEF UFOFS VOB EF MBT NFKPSFT WJTUBT EF MB [POB TVS EF MB QSPWJODJB

>Ì>« âÕi ð 6 >Ê >ÃÌÀ V>

±±± 9 hm W

" MBT SFDJFOUFT WJTJUBT PSHBOJ[BEBT B MB (JSBMEB EF $BTUJMMB QFSNJUFO TVNBS FM BUSBD UJWP EF DPOPDFS UPEB VOB KPZB BSRVJUFDU³OJDB EFM TJHMP 97* MB EFHVTUBDJ³O EF SFDFUBT ºOJ DBT FMBCPSBEBT FO MPT GPHPOFT EF MPT SFTUBV SBOUFT EFM NVOJDJQJP " USBW©T EF DBSUFMFS­B GPMMFUPT Z FO CSFWF VOB Q¡HJOB XFC FM UVSJTUB QPES¡ DPOTVMUBS MB PGFSUB UVS­TUJDB EFM NVOJDJQJP Z MPT MVHBSFT EPOEF RVFEBS TF B DPNFS P BMPKBSTF USBT MB WJTJUB B MB UPSSF P B BMHV OB EF MBT CPEFHBT TJUVBEBT DFSDB EF MB MPDBMJEBE EF .BUBQP[VFMPT

Õ Ì Ê>Ê >ÊÛ Ã Ì>Ê>Ê >ÊÌ ÀÀi] i ÊÌÕÀ ÃÌ>Ê«Õi`iÊ`i}ÕÃÌ>À ÃÊ« >Ì ÃÊÌÀ>` V > iÃÊ`i >Ê V> `>`

-B EFTUBDBEB PGFSUB HBT USPO³NJDB EF MB WJMMB EF .BUBQP[VFMPT SFDPOPDJEB B OJWFM SFHJPOBM QPS TVT SFDFUBT Z QMBUPT USBEJDJPOBMFT DVFO UB BIPSB DPO VOB OVFWB NBSDB RVF TF FODBSHBS¡ EF QPUFODJBS MPT SFDVS TPT UVS­TUJDPT Z HBTUSPO³NJDPT EF MB MPDBMJEBE -B QVFTUB FO NBSDIB QPS QBSUF EFM "ZVOUBNJFOUP EF FTUF OVFWP EJTUJOUJWP TF FTU¡ MMFWBOEP B DBCP a USBT NFTFT EF USBCBKP

6OB EPDFOB EF FTUBCMFDJNJFOUPT IPTUFMFSPT EF .BUBQP[VFMPT TF FODVFOUSBO BETDSJUPT B FTUB OVFWB NBSDB RVF TVQPOF VO JNQPSUBOUF JNQVMTP B TVT QSPQVFTUBT UVS­TUJDBT

-PT QPQVMBSFT NBOUFDBEPT BM WFSEFKP EF .BUBQP[VFMPT

FOUSF MBT RVF EFTUBDB FTQFDJBMNFOUF MB UPSSF EF MB JHMFTJB EF 4BOUB .BS­B .BHEBMFOB

&M SFTUBVSBOUF -B #PUJDB EFM GBNPTP DPDJOFSP .JHVFM OHFM EF MB $SV[ RVF DVFOUB DPO VOB FTUSFMMB .JDIFM­O TF FODVFOUSB BETDSJUP B FTUB OVFWB NBSDB UVS­TUJDB Z HBTUSPO³NJDB FO MB RVF TF FODVFOUSB UBNCJ©O MB SFQPTUFS­B BSUFTBOB EFM PCSBEPS Ɔ-B (JSBMEB EF $BTUJMMBƇ HBOBEPSB EF MPT ** 1SFNJPT "SUFTBOP QPS TVT .BOUFDBEPT BM 7FSEFKP UPEP VO NBOKBS RVF VOF MB SFDFUB USBEJDJPOBM EF FTUF EVMDF DBTUFMMBOP DPO FM FYRVJTJUP TBCPS EF MPT WJOPT OBDJEPT FO MBT UJFSSBT EF $BTUJMMB Z -F³O

&M DPDJOFSP .JHVFM OHFM EF MB $SV[ EFM SFTUBVSBOUF -B #PUJDB

Ý 3 Ý Ý 2Ý Ý

!SADOR ,A "OTICA 2ECONOCIDO CON UNA @%STRELLA -ICHELIN 0LAZA -AYOR -ESÀN DE 0EDRO !VENIDA 2AMÀN Y #AJAL 0OSADA 2ESTAURANTE ,IENZERO 0LAZA -AYOR #AFETER»A LA 'RAMOLA )) !V DE 2AMÀN Y #AJAL $ISCO 0UB -ELE !V DE 2AMÀN Y #AJAL 2ESTAURANTE Y #OPAS 4US OJOS #ALLE 3IETEIGLESIAS -ESÀN 3IETEIGLESIAS #ALLE 3IETEIGLESIAS -ESÀN &ELIPE #ALLE -IGUEL 2U»Z 4ABERNA %L 0ORTALÀN #ALLE -IGUEL êSCAR -ESÀN DEL "OSCO #ALLE 'ENERAL .AVARRO ,A 'IRALDA DE #ASTILLA # 2AMÀN Y #AJAL "ODEGA Y 6I¿EDOS 'ARCIAR·VALO 0LAZA DE 3AN *UAN

DPOUBSPO DPO VO HSBO QSJWJMFHJP &T BIPSB DVBOEP UPEPT MPT WFDJOPT EF .BUBQP[VFMPT ZB IBO UFOJEP MB QPTJCJMJEBE EF DPOPDFS TV UPSSF USBT NFTFT EF FTQFSB

vm £mOm v}

-B SFTQVFTUB B MBT HSBOEFT QSFHVOUBT EF TJFNQSF 3 0SUFHB

Ê« iÊ`iÊ >Ê ÕÀ> >Ê`iÊ Û >]Êi Ê i ÌÀ Ê`iÊ ÌiÀ«ÀiÌ>V Ê`i Ê ÃÌ V Ã Ê ÃÊÀiVÕiÀ`>Êi Ê Ê µÕiÊÀiV ÀÀiÊiÃÌ>Ê` ÃV « >Ê>Ê Ê >À} Ê`iÊÌ `>ÃÊ >ÃÊVÕ ÌÕÀ>ÃÊÞÊÌ `>ÃÊ >ÃÊVÀii V >ðÊ/ i iÊ« ÀÊÃi`i Õ >ÊV « i >Ê LÀ>Ê`iÊ>ÀÌiʵÕiÊ ÃÊÀiVÕiÀ`>ʵÕiÊi Ê i ÀÊÛ > iÊiÃÊ >V >Êi Ê ÌiÀ À M B±P UFSFTJBOP RVF UPEP MP PDVQB QBSFDF VOB CVFOB PDBTJ³O QBSB SFMFFS MB PCSB EF MB NBFTUSB EF MBT MFUSBT FTQB±PMBT OBDJEB BIPSB IBDF DJODP TJHMPT 5BNCJ©O QBSB BDFSDBSTF B VO GFO³NFOP QPDP DPOPDJEP FO SFBMJEBE WJO DVMBEP NFOPT B MB SFMJHJ³O RVF B MB ­OUJNB FTQJSJ UVBMJEBE B MB QTJDPMPH­B BM DPOPDJNJFOUP EF VOP NJTNP " MP BO­NJDP

!

&O QBSBMFMP B MB NVSBMMB EF WJMB B VO QBTP EFM BOUJHVP CBSSJP KVE­P EF MB DJVEBE FM $FOUSP EF *OUFSQSFUBDJ³O EFM .JTUJDJTNP FT RVJ[¡ FM NFKPS SJOD³O EF &TQB±B FO FM RVF TF QVFEFO DPOPDFS MB FTFODJB Z MPT TFDSFUPT EF FTUB SFBMJEBE DPNQMFKB Z VOJWFSTBM 5BNCJ©O QPS DJFSUP VOB EF MBT QSP QVFTUBT N¡T TVHFSFOUFT QBSB IBDFS UVSJTNP ZB RVF FM UVSJTNP FT WJBKBS QBSB DPOPDFS Z RV© NFKPS WJBKF RVF IBDJB FM JOUFSJPS EF DBEB DVBM : RV© NFKPS DPOPDJNJFOUP RVF FM RVF QPEBNPT BERVJSJS TPCSF OPTPUSPT NJTNPT MFKPT EF MBT DPO TVMUBT EF FTQFDJBMJTUBT Z B TBMWP EF MB G¡DJM MJUFSB UVSB EF BVUPBZVEB

ÊÛ Ã Ì> ÌiÊLÕÃV>Ê> } Ê > Ê Ã ÊÌ i « ʵÕiÊ ÃiÊLÕÃV>Ê>ÊÃ Ê Ã 4JUVBEP FO FM NVZ MVNJOPTP 1BTFP EFM 3BTUSP FM DFOUSP FT FO QSJNFS MVHBS VOB PCSB EF BSUF FO MB RVF FM WJTJUBOUF QFOFUSB QBSB SFDPSSFS TVT EJGFSFO UFT FTUBODJBT DBEB VOB DPO VO FTQFDJBM TJHOJGJDB EP FO FM QSPDFTP RVF SFDPSSF RVJFO CVTDB FO TV JOUFSJPS 5BNCJ©O FT VO DFOUSP EF JOUFSQSFUBDJ³O DPNP UBM RVF PGSFDF JOGPSNBDJ³O SFMFWBOUF TPCSF MB VOJ³O FOUSF FM TFS IVNBOP Z MB UJFSSB Z TPCSF UPEP DPNP GFO³NFOP RVF TF SFQJUF FO UPEBT MBT DVMUVSBT Z FO UPEBT MBT DSFFODJBT EFTEF FM UBP­TNP Z FM CVEJTNP IBTUB FM JTMBN EF MPT TVG­FT TJO EFKBS BUS¡T WJTJPOFT IFUFSPEPYBT F JODMVTP MBJDBT -BT JOTUBMBDJPOFT PGSFDFO VO DPNQFOEJP EF FTUB QS¡DUJDB SFQFUJEB FO UPEPT MPT UJFNQPT "SRVJUFDUVSB QJOUVSB FTDVMUVSB W­EFP TPOJEP MVDFT Z QPFT­B DPMBCPSBO FO VOB QSPQVFTUB DJFSUB NFOUF BVEB[ ƊNPTUSBS FM NJTUJDJTNP DPNP VOB QPTJCJMJEBE ºUJM Z BDUVBMƋ DPNP TF±BMBO MPT SFT QPOTBCMFT EFM DFOUSP 1PS FTB SB[³O FM TFOUJEP ºMUJNP EF MB JOTUBMBDJ³O TF DVNQMF DPO MB QSFTFO DJB EFM WJTJUBOUF ZB RVF TF EFTQMB[B QPS FM JOUF

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

TPCSJFEBE MB BVTUFSJEBE Z MB QPCSF[B 6OB EF MBT TBMBT EF FTUF NVTFP ยบOJDP FT MB EF MB 5SBEJDJยณO DPO QBOFMFT RVF OPT JOGPSNBO EF MPT USFT HSBOEFT NยญTUJDPT RVF USB CBKBSPO FO MB DJVEBE FM KVEยญP .PJTยฉT EF -FยณO 5FSFTB EF +FTยบT Z +VBO EF MB $SV[ 1FSP MB USBEJDJยณO OPT MMFWB UBNCJยฉO BM DIBNยกO RVF QBSB MB NVFTUSB FT ฦ FM QSJNFS NยญT UJDPฦ

SJPS EF MB PCSB DPOWFSUJEP FO VOB TVFSUF EF FYQMPSBEPS RVF CVTDB BMHP BM NJTNP UJFNQP RVF TF CVTDB B Tยญ NJTNP &TB FYQMPSBDJยณO QVFEF QBVUBSTF FO EJF[ NPNFOUPT B TFNFKBO[B EF MPT EJF[ HSBEPT EF MB FTDBMB TFDSFUB EF MB RVF IBCMBCB +VBO EF MB $SV[ -B HVยญB EFM DFOUSP TFยฑBMB BM NJTNP FEJGJDJP DPNP FM QSJNFSP EF FTPT NPNFOUPT QVFTUP RVF FTUยก EJTFยฑBEP TFHยบO MBT MยญOFBT EF MB

ยฑยฑยฑย 9ย hmย Wย

-B WJTJUB UBNCJยฉO PGSFDF VO KVFHP DPNP FM EFM DVCP USBOTQBSFOUF DPO DJUBT +VBO 3BNยณO +JNยฉOF[ 8JMJBN #MBLF .BTVS )BMMBK

RVF EFCFO MFFSTF EFTEF FM MBEP PQVFTUP RVF KVFHBO DPO MPT PKPT EFM FTQFDUBEPS RVJFO TBMUB EF VOB B PUSB Z QFSTJHVF TV MFDUVSB DPNP TF QFSTJHVF VO NJTUFSJP 5FSNJOB MB FYQMPSBDJยณO 'VFSB FTQFSBO EF OVFWP MB DJVEBE FM USยกGJDP MPT USBO TFยบOUFT 1PEFNPT MMFWBSOPT MB ยบMUJNB GSBTF EFM DFOUSP EF .JHVFM EF .PMJOPT ฦ /J UPEP FTUยก EJDIP OJ UPEP FTUยก FTDSJUP Z BTยญ IBCSยก TJFNQSF RVF FTSJCJS IBTUB FM GJO EFM NVOEPฦ

)

5BNCJยฉO TF BOBMJ[B FM QBQFM RVF EFTFNQFยฑBO MPT TยญNCPMPT QVFTUP RVF EJDFO MP RVF MBT QBMBCSBT OP QVFEFO FYQSFTBS ฦ -P JOFGBCMF EF MB NยญTUJDBฦ %F BIยญ MB QSFTFODJB EF FMFNFOUPT DPNP FM ยกSCPM RVF IVOEF TVT SBยญDFT FO MB UJFSSB P MB MMBWF RVF BOVODJB MB UBSFB RVF EFCF TFS SFBMJ[BEB

ÊVi ÌÀ Ê ÕÃi ÃÌ V Ê," ]Ê`iÊ >Ê Õ `>V Ê-> Ì>Ê >À >Ê >Ê,i> Ê`i Ê*>ÌÀ ÃÌ À V ]ÊÀiÛi >Ê ÃÊÃiVÀiÌ ÃÊ`iÊÕ ÊiÃÌ Ê>ÀµÕ ÌiVÌ V ʵÕiÊÃiÊiÝÌ i `iÊ>Ê Ê >À} Ê `iÊÓxäÊÌi « ÃÊ« ÀÊ >Ê> Ì }Õ>Ê iÀ `>`Ê`iÊ }Õ >ÀÊ`iÊ > «

3FQPSUBKF HS GJDP $¨TBS EFM 7BMMF

- ¦

6OB WFOUBOB BCJFSUB BM SPN OJDP EFM OPSUF

>Êië>`> >]ÊÕ Ê`iÊ Ã i i i Ì ÃʵÕiÊ >Þ À VÕÀ à `>`ÊÃÕÃV Ì> ]Ê «iÀ Ì >ÊV Õ V>ÀÃiÊV ÃÊ iÃʵÕiÊÀi> â>L> ÃÕÊ >L ÀÊ« ÀÊi Êi Ì À

3 0SUFHB

!

M OPSUF EF 1BMFODJB FTU¡ TBMQJDBEP EF QFRVF±BT KPZBT EF MB BSRVJUFDUVSB SPN¡OJDB .¡T FO DPODSFUP FM UFSSJ UPSJP EF MB BOUJHVB .FSJOEBE EF "HVJMBS EF $BNQPP RVF JODMVZF FM TVS EF $BOUBCSJB Z QBSUF EFM PFTUF CVSHBM©T $FSDB EF JHMF TJBT TF JOUFHSBO FO FM QBJTBKF Z MP QVFCMBO KVOUP B MPT WBMMFT MBT NPOUB±BT Z MPT CPT RVFT UFTUJNPOJP EF VO QFSJPEP FO UPSOP BM B±P EF DJFSUP GMPSFDJNJFOUP EF MB DSJTUJBOEBE DPO MB M­OFB EF MB MMBNBEB 3FDPORVJTUB RVF ZB BWBO[BCB BM TVS EFM %VFSP Z VO 3FJOP EF $BTUJMMB DPOTPMJEBEP &T FM SPN¡OJDP UBSE­P UBNCJ©O MMBNBEP 3PN¡OJDP /PSUF RVF EFGJOJ³ TVT DBSBDUF S­TUJDBT DVBOEP MPT FRVJQPT EF DBOUFS­B SBEJDBEPT FO MB [POB ƆEFTDFOEJFSPOƇ B MBT QPCMBDJPOFT N¡T NPEFTUBT %F IFDIP VOB EF MBT TPSQSFTBT RVF TF MMFWB FM WJTJUBOUF FT MB QSFTFODJB EF FTUPT UFTPSPT TFDVMBSFT FO MPDBMJEBEFT RVF BQFOBT TVNBO VO QV±BEP EF DBTBT

%FUBMMF EFM DMBVTUSP OFWBEP EF 4BOUB .BS¬B MB 3FBM

6OB EF MBT G³SNVMBT QBSB BQSPYJNBSTF B FTUF BSUF Z FM UFSSJUPSJP RVF IBCJUB FT GSBO RVFBS MB QVFSUB EFM DFOUSP FYQPTJUJWP 30. .POBTUFSJP EF 4BOUB .BS­B MB 3FBM VOB WFSEBEFSB QVFSUB EF FOUSBEB B VOB DPNBSDB RVF FT FO T­ NJTNB VO NVTFP WJWP Ɗ/VFTUSB JOUFSWFODJ³O TF EJSJHF B EBS B DPOPDFS FM NPOBTUFSJP EF 4BOUB .BS­B MB 3FBM VOP EF MPT N¡T JNQPSUBOUFT EF 1BMFODJB Z BZVEBS B DPOPDFS Z DPNQSFOEFS FM MMBNBEP 3PN¡OJDP /PSUFƋ "T­ MP TF±BMB

6OB EF MBT NBRVFUBT RVF SFQSPEVDFO MB FEJGJDBDJ²O EF VO UFNQMP SPN OJDP

FM DPPSEJOBEPS EFM DFOUSP $©TBS EFM 7BMMF RVF EFTUBDB MPT FTQFDUBDVMBSFT WBMPSFT FTU© UJDPT EF FTUF FTUJMP BSRVJUFDU³OJDP Z UBN CJ©O MB VCJDBDJ³O EF MPT EJGFSFOUFT UFNQMPT FO MVHBSFT TJOHVMBSFT &O FM 30. TF PGSFDF VO NFOTBKF BDDFTJCMF QBSB FM UVSJTUB TPCSF UPEP FO SFMBDJ³O DPO BTQFDUPT DPNP MB NBHO­GJDB FTDVMUVSB PSOB NFOUBM RVF TF QVFEF IBMMBS FO QFRVF±PT QVFCMPT &M WJTJUBOUF TF GBNJMJBSJ[B DPO FM DPOUFYUP IJTU³SJDP FO FM RVF FTUF ºMUJNP SPN¡OJDP TF FYUFOEJ³ QPS MB [POB Z UBN CJ©O DPO FM NBSDP OBUVSBM Ɗ-B NBOFSB RVF N¡T BEFDVBEB OPT QBSFDF FT WJTJUBS FM DFO USP Z B DPOUJOVBDJ³O Z DPO OVFTUSB BZVEB QMBOJGJDBS MB WJTJUB B MB [POBƋ 1PSRVF FO PDBTJPOFT TF EB MB GSVTUSBDJ³O EF RVF TF "DDFTP B MB BOUJHVB JHMFTJB EFM NPOBTUFSJP EFTFB WJTJUBS VOB JHMFTJB Z TF FODVFOUSB DFSSBEB Ɗ1PS FTP SFDPNFOEBNPT RV© WJTJUBS EF RV© NBOFSB Z UBN RVF FM QBUSJNPOJP TF FODVFOUSB MJHBEP EF CJ©O DV¡OEP DPO JOEJDBDJ³O EF MB QFSTPOB RVF BUJFOEF B MPT WJTJUBO GPSNB ­OUJNB B MPT IBCJUBOUFT EFM UFSSJUPSJP P UFT TV OºNFSP EF UFM©GPOP P FM MVHBS FO FM RVF QSFTFOUBSTF RVF DPNP TF±BMB %FM 7BMMF ƊSFTVMUB JOUFSFTBOUF NVDIBT WFDFT FT FM CBS EFM QVFCMPƋ WJTJUBS QBUSJNPOJP OBUVSBM Z BSRVJUFDU³OJDP QFSP UBNCJ©O RVF TF DPOP[DB MB HBTUSPOPN­B &TUP ºMUJNP OP FT DVFTUJ³O CBMBE­ ZB RVF FT MB EFNPTUSBDJ³O EF FM CBS EFM QVFCMPƋ FO VOB TVNB RVF QFSNJUF

±±± 9 hm W

- ¦

iÃÌ>V>Ê >Ê«ÀiÃi V >Ê`i iÃÌ ÃÊÌià À ÃÊi Ê V> `> `iÃʵÕiÊ>«i >ÃÊÃÕ > ÊÕ «Õ >` Ê`iÊV>Ã>Ã

"SSJCB VOB EF MBT QSPZFDDJPOFT RVF GPSNBO QBSUF EF MB WJTJUB BM DFOUSP NVTF¬TUJDP 30. &O MBT JN HFOFT JOGFSJPSFT VO NPOKF SFDPSSF MBT FTUBODJBT Z VOP EF MPT FTQBDJPT EFEJDBEPT B SFDFQDJ²O Z UJFOEB

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

4PCSF FTUBT M¬OFBT VO HSVQP EF WJTJUBOUFT SFDPSSF MBT JOTUBMBDJPOFT EFM DFOUSP NVTF¬TUJDP "CBKP BDDFTP BM DPNQMFKP

&M NPEFMP EF WJTJUB BM DFOUSP QSFUFOEF DBNCJBS FM DPO DFQUP USBEJDJPOBM EF WJTJUB DVMUVSBM Z QPS FMMP TF QSFUFOEF BQPZBS FO MPT QJMBSFT EF MB FEVDBDJ³O FM FOUSFUFOJNJFOUP Z MB FNPDJ³O VO UFSDFS JOHSFEJFOUF RVF QFSNJUF RVF FM WJTJUBOUF EF DVBMRVJFS FEBE SFUFOHB FO TV NFNPSJB MB FYQFSJFODJB EVSBOUF NVDIP UJFNQP 1PS FTP TF PSHBOJ[BO WJTJUBT EF DBS¡DUFS EJGFSFOUF DPNP SVUBT OPDUVSOBT Z TFO TPSJBMFT UBMMFSFT JOGBOUJMFTƑ Ɗ&M PCKFUJWP FT RVF MB WJTJUB BM QBUSJNPOJP TF DPOTJEFSF VOB PQDJ³O DVMUVSBM QFSP UBNCJ©O EF FOUSFUFOJNJFOUPƋ TF±BMB %FM 7BMMF

NPOKFT RVF TBM­BO B FKFSDFS TV MBCPS Z FSB BRV­ EPOEF SBEJDBCB MB EJGFSFODJB DPO ³SEFOFT N¡T WPMDBEBT EF QVFSUBT BEFOUSP EFM NPOBTUFSJP DPNP MBT EF $MVOZ P FM $­TUFS

&M FRVJQP EFM 30. PSHBOJ[B WJTJUBT HVJBEBT UBOUP B UFNQMPT EF MB DPNBSDB DPNP BM NPOBTUFSJP EF 4BOUB .BS­B MB 3FBM RVF BDPHF FM DFOUSP Z RVF DPOTUJUVZF VOB EF TVT KPZBT N¡T QSFDJBEBT &M EF MB BSRVJUFDUVSB NFEJFWBM RVF DPOTFSWB FM UFNQMP DPSSFTQPOEF BM ëi Ê`iÊÃÕÊÌ i « SPN¡OJDP UBSE­P Z TV TF±BM N¡T DBSBDUFS­TUJDB FT RVJ[¡ MB FTQBEB±B FMFNFOUP QSPQJP EF MB PSEFO &M DFOUSP FYQPTJUJWP 30. TF Ê ä¯Ê`iÊ >Ê>ÀµÕ ÌiVÌÕÀ> VCJDB FO MB TBDSJTU­B F JHMFTJB EFM QSFNPTUSBUFOTF B MB RVF QFSUFOFD­B FM DPOKVOUP BSRVJUFDU³OJDP $PNP TF BQVOUB EVSBOUF MB WJTJUB i` iÛ> ʵÕiÊV ÃiÀÛ>Ê NPOBTUFSJP Z BCSJ³ TVT QVFSUBT FO FO $BTUJMMB Z -F³O FYJTUFO PUSPT FEJGJDJPT FNCMF FO MP RVF DPOTUJUVZ³ VO IJUP N¡UJDPT EF FTUB PSEFO DPNP MPT EF 3FUVFSUB FO FO FM QSPDFTP EF SFDVQFSBDJ³O EFM i ÊÌi « ÊV ÀÀië `iÊ 4BSE³O EF %VFSP Z 4BOUB .BS­B EF -B 7JE NVZ DPNQMFKP FEJGJDBEP FO VO FTUJMP EF DFSDB EF "SBOEB -B FTQBEB±B FSB VOB IFSSBNJFO USBOTJDJ³O EFM SPN¡OJDP BM H³UJDP > ÊÀ ? V ÊÌ>À` UB QBTUPSBM Z VO TJTUFNB EF DPNVOJDBDJ³O DPO MPT DPO FMFNFOUPT EFM BSUF DJTUFSDJFO

±±± 9 hm W

- ¦

IBCMBS EF UFSSJUPSJP ƊQVFTUP RVF FM IBCJUBOUF EF MBT QFRVF±BT MPDBMJEBEFT FT DPOTDJFOUF EFM UFTPSP RVF BMCFS HB TV QVFCMPƋ Ɗ&TPT WFDJOPT RVF EF GPSNB EFTJOUFSFTB EB BCSFO FM UFNQMP MP FOTF±BO F JODMVTP MP DVJEBO Z MP MJNQJBO TPO MPT ¡OHFMFT DVTUPEJPT EFM UFNQMP TPO OVFT USPT DPPQFSBEPSFT OFDFTBSJPTƋ SFDBMDB %F BI­ MB SFGMF YJ³O EF +PT© .BS­B 1©SF[ Ɔ1FSJEJTƇ JNQVMTPS EF MB 'VOEBDJ³O 4BOUB .BS­B MB 3FBM RVJFO TJFNQSF IB EFT UBDBEP FM BQPZP EF MB FOUJEBE FO USFT ƆQFTƇ MBT EF QBUSJ NPOJP QBJTBKF Z QBJTBOBKF

ÊV >ÕÃÌÀ Ê`i Ê >ÃÌiÀ ÃiÊLi iv V Ê`iÊ >Ê«À iÀ> }À> ÊV> «> >Ê`iÊ ÀiÃÌ>ÕÀ>V

-B FTQBEB°B FMFNFOUP FNCMFN UJDP EFM NPOBTUFSJP DPOUFNQMBEB EFTEF FM DMBVTUSP J[RVJFSEB Z EFTEF FM KBSE¬O EF MB QPTBEB BSSJCB

Êi Ê«Õ Ì Ê`iÊ À>Ê`iÊ ÃÊV>À ÃÌ>Ã

(FOFSBM EF #FMMBT "SUFT BDPNFUJ³ VOB QSJNF SB DBNQB±B EF SFTUBVSBDJPOFT RVF BGFDUBSPO B MBT DVCJFSUBT EF MB JHMFTJB BM DMBVTUSP Z MB TBMB DBQJUVMBS RVF TF IBMMBCBO NFEJP IVOEJEPT "NCPT FTQBDJPT GVFSPO SFDPOTUSVJEPT DBTJ QPS DPNQMFUP MMFHBOEP B EFTNPOUBSTF Z WPMWFSTF B BSNBS QBSUFT FOUFSBT &O DPNFO[³ VOB TFHVOEB FUBQB EF EFTFTDPNCSP Z SFTUBVSBDJ³O B JOJDJBUJWB EF MB "TPDJBDJ³O EF "NJHPT EFM .POBTUFSJP EF "HVJMBS DSFBEB BRVFM B±P MB DVBM BQMJD³ VO DSJUFSJP EJE¡DUJDP BSRVFPM³HJDP Z FNJOFOUFNFOUF GVODJPOBM ZB RVF TF QSFUFO E­B UBOUP SFDPOTUSVJS DPNP SFIBCJ MJUBS QBSB OVFWPT VTPT

&O MB DFOUVSJB TJHVJFOUF 4BOUB .BS­B MB 3FBM FYQFSJNFOUB VOB WVFM UB B TV FTQMFOEPS CBKP FM TJTUFNB PSHBOJ[BUJWP EF MB $POHSFHBDJ³O 1SFNPTUSBUFOTF $PNP UBOUPT NPOBTUFSJPT Z DPOWFOUPT EF UPEBT MBT ³SEFOFT FM Ê£ ÇnÊÃiÊVÀi>Ê > &O DPNFO[³ B GVODJPOBS MB PDBTP EF 4BOUB .BS­B MB 3FBM TF BDFMFS³ B SFCVGP EF MB OVFWB TJUVBDJ³O QPM­UJDB DSFBEB USBT MB (VFSSB à V >V Ê`iÊ } ÃÊ`i &TDVFMB 5BMMFS EJSJHJEB B DPNQMF UBS MB MBCPS SFTUBVSBEPSB EFM FEJGJ EF MB *OEFQFOEFODJB &TQB±PMB -B PSJFOUBDJ³O >ÃÌiÀ Ê`iÊ }Õ >À] DJP Z FT VO B±P EFDJTJWP DPO MJCFSBM EFM BCBE MF QVTP FO FM QVOUP EF NJSB EF MPT MB JOBVHVSBDJ³O EFM $FOUSP EF DBSMJTUBT BM FTUBMMBS MB HVFSSB DJWJM FO PCMJHBO V >ÛiÊi ÊÃÕÊ`iÛi À &TUVEJPT EFM 3PN¡OJDP $&3

EP B B EJTQPOFS VOB FYDMBVTUSBDJ³O UFNQPSBM RVF DPNP DVMNJOBDJ³O EF VOB E©DBEB TF IBS­B EFGJOJUJWB DPO NPUJWP EF MPT EFDSFUPT EF EF FTGVFS[PT EF MB "TPDJBDJ³O EF "NJHPT EFTBNPSUJ[BDJ³O FNJUJEPT QPS +VBO MWBSF[ .FOEJ[¡CBM FO Z -BT UJFSSBT EFQFOEJFOUFT EFM .POBTUFSJP Z MBT EPT IPTQFEFS­ &O MB BDUVBMJEBE MB 'VOEBDJ³O 4BOUB .BS­B MB BT RVF SFHFOUBCB QBTBSPO B NBOPT EF QBSUJDVMBSFT QFSP OP BT­ FM 3FBM EFM 1BUSJNPOJP )JTU³SJDP FT VOB GVOEB QSPQJP DFOPCJP RVF OP IBMMBOEP DPNQSBEPS RVFE³ B NFSDFE EF MB DJ³O DVMUVSBM GSVUP EF MB GVTJ³O B GJOBMFT EF SBQJ±B TJFOEP W­DUJNB EF VOB S¡QJEB SVJOB &O GVFSPO TVTUSB EF MB 'VOEBDJ³O 4BOUB .BS­B MB 3FBM Z ­EPT MB HSBO NBZPS­B EF MPT DBQJUFMFT EFM DMBVTUSP Z BMHVOP EF MB JHMF MB 'VOEBDJ³O EFM 1BUSJNPOJP )JTU³SJDP EF TJB DPO EFTUJOP BM .VTFP "SRVFPM³HJDP /BDJPOBM EF BRVFMMB ©QPDB $BTUJMMB Z -F³O 4V NJTJ³O FT HFOFSBS EFTBSSP TF EJDF RVF MB HFOUF FOUSBCB BM FEJGJDJP Z TBDBCB MJCSPT Z MFHBKPT QBSB MMP CBTBEP FO MB WBMPSJ[BDJ³O EFM QBUSJNPOJP BMJNFOUBS MBT FTUVGBT " QSJODJQJPT EFM TJHMP 99 FM FEJGJDJP TF DVMUVSBM OBUVSBM Z TPDJBM BEFN¡T EF TFS VO FODPOUSBCB UPUBMNFOUF BSSVJOBEP DPO NVUJMBDJPOFT Z FTUSVDUVSBT SFGFSFOUF FO MB DSFBDJ³O Z QVFTUB FO NBSDIB EFTNPSPOBEBT EF NPEFMPT EF EFTBSSPMMP TPMJEBSJPT CBTBEPT FO FM QBUSJNPOJP $BNCJ³ TV TVFSUF DVBOEP FOUSF Z MB %JSFDDJ³O

±±± 9 hm W

- ¦

TF 4V IJTUPSJB IB DPSSJEP QBSBMFMB B MPT BWBUBSFT EF MB TPDJFEBE DPO VO NPOBTUFSJP DPOWFSUJEP FO SFGMFKP EF MPT DPOGMJDUPT EF DBEB ©QPDB &O TF QSPEVDF VOB EFTUSVDUJWB SFCFMJ³O EF MPT NPOKFT DPOUSB FM BCBE Z QPTUFSJPSNFOUF FM NPOBTUFSJP TVGSJ³ MPT FNCBUFT EF MB QFTUF OFHSB Z MBT HVFSSBT DJWJMFT EF MPT 5SBTU¡NBSB &M 97 FT VO TJHMP EF TPTJFHP QFSP FO FM 97* SFHSFTBO MBT UVSCVMFODJBT QPS DPOGMJDUPT JOUFSOPT EF MB PSEFO 1SFNPOTUSBUFOTF B[V[BEPT QPS MB JOKFSFODJB EFM SFZ 'FMJQF **

&M EJTF°P EF DJSDVJUPT DPO EJGFSFOUF OJWFM EF EJGJDVMUBE QFSNJUF MB QBSUJDJQBDJ²O EF VTVBSJPT EF EJWFSTB DPOEJDJ²O G¬TJDB Z FEBE

%F VO SCPM B PUSP 3FEBDDJ²O

ÃÊ«>ÀµÕiÃÊ`iÊ>Ûi ÌÕÀ>ÊÕL V>` ÃÊi Ê« i >Ê >ÌÕÀ> iâ>Ê«iÀ Ìi Êi Ê` L iÊ` ÃvÀÕÌiʵÕiÊ vÀiVi >Ê>VV Ê`iÊÃÕ«iÀ>ÀÊ >ÃÊ«ÀÕiL>ÃÊ`i ÊV ÀVÕ Ì ÊÞÊi Ê`iÃ>ÀÀ Ê`iÊ >Ê>VÌ Û `>`Ê> Ê> ÀiÊ LÀi]Êi Õ Êi Ì À Ê`iÊ}À> ÊÀ µÕiâ>Ê i` > L i Ì> °Ê >ÊÃi}ÕÀ `>`Ê`i ÊÕÃÕ>À ÊiÃÌ?Ê}>À> Ì â>`> OB BWFOUVSB FO BMHVOPT EF MPT NFKPSFT MVHBSFT EF MB DPNV -PT QBSRVFT EF BWFOUVSB FO MPT ¡SCPMFT TPO JOT OJEBE &O QMFOB OBUVSBMF[B FO TJNCJPTJT DPO VO FOUPSOP UBMBDJPOFT EF PDJP JNQMBOUBEBT FO VO NFEJP NFEJPBNCJFOUBM QFSGFDUBNFOUF DPOTFSWB OBUVSBM Z RVF QPS TV VCJDBDJ³O QFS EP &T MB EJWFSTJ³O BTFHVSBEB DPO UPEP CBKP DPO NJUFO VO DPOUBDUP DPO MB OBUVSBMF[B ÊÀiëiÌ Ê« ÀÊi Ê i` EJGFSFOUF EF MPT NFEJPT USBEJDJPOBMFT USPM &TUB FT MB QSPQVFTUB EF MB 'VOEBDJ³O /BUVSBM EF $BTUJMMB Z -F³O DPO TV SFE EF >ÌÕÀ> ÊiÃÊ>Là ÕÌ ]Êà &M SFTQFUP QPS FM NFEJP BNCJFOUF FT #PTRVFT EF "WFOUVSBT VOB JOJDJBUJWB RVF FO MPT BCTPMVUP QFSP TJO RVF QPS FMMP EJTNJ ºMUJNPT DVBUSP B±PT IB TVQFSBEP MPT WJTJ µÕiÊ V `>Êi Ê >Ê` ÛiÀà OVZB MB EJWFSTJ³O EF MBT BDUJWJEBEFT UBOUFT VOB DJGSB RVF TF JODSFNFOUB VOB UFNQPSB QBSB MPT QBSUJDJQBOUFT 4PO JOTUBMBDJP EB EFUS¡T EF PUSB OFT BDDFTJCMFT QBSB UPEP UJQP EF

'

b9OWF}}s O}v W°m £9×)

£±m££W O}v W°m £9×)

4PO SFDJOUPT DFSSBEPT Z DPOUSPMBEPT EPOEF MPT QBSUJDJQBOUF TF QVFEF QSPHSFTBS QBSUJDJQBOUFT QVFEFO SFBMJ[BS WBSJPT DJSDVJUPT FM DPNJFO[P IBTUB FM GJOBM ÃÊÀiV ÀÀ ` ÃÊÛ> Êi ÌÀi EFTEF MºEJDP EFQPSUJWPT EF EJGJDVMUBE DSFDJFOUF FO EFM SFUP UPEPT FMMPT TJO FYDFQDJ³O ­OUJNP DPOUBDUP DPO FM NFEJP OBUVSBM -PT EJGF DVFOUBO DPO VO TJTUFNB EF TFHVSJ « >Ì>v À >ÃÊÕ `>ÃÊV SFOUFT SFUPT RVF JOUFHSBO MPT SFDPSSJEPT TF EBE DPOPDJEP DPNP ƆM­OFB EF FODVFOUSBO TVTQFOEJEPT B VOB BMUVSB WBSJBCMF VÕiÀ`>Ã]ÊV>L iÃÊÞÊ >`iÀ>Ã WJEBƇ RVF QSPUFHF FO DBTP EF RVF 6UJMJ[BO FM TPQPSUF OBUVSBM EF MPT ¡SCPMFT QBSB PDVSSB DVBMRVJFS JODJEFODJB &M FTUBCMFDFS QSVFCBT EF EJGFSFOUF MPOHJUVE FOUSF PCKFUJWP FT TJFNQSF EJWFSUJSTF WBSJPT EF FTUPT TPQPSUFT FOMB[BEBT VOB USBT PUSB IBTUB DPOGPSNBS KVHBOEP CBKP VO SJFTHP DPOUSPMBEP VOB TFOEB EF SFUPT TPCSF FM OJWFM EFM TVFMP &M USB[BEP QPOF TJFN QSF B QSVFCB MB IBCJMJEBE Z FRVJMJCSJP EF RVJFO BDFQUB FTUF EJWFS -PT SFDPSSJEPT RVF PGSFDF DBEB QBSRVF TPO UJEP EFTBG­P EF EJGJDVMUBE WBSJBCMF $BEB VOP FTU¡ DPN QVFTUP EF EJGFSFOUFT BUSBDDJPOFT TVTQFOEJ -PT SFUPT DPOTUBO EF VOB TFSJF EF FMFNFOUPT OBUVSBMFT P BSUJGJDJB EBT FO BMUVSB QVFOUFT UJCFUBOPT UJSPMJOBT MFT NBEFSB DBCMFT EF BDFSP OZMPO RVF VOJEPT P EJTQVFTUPT EF USPODPT EF FRVJMJCSJP MJBOBT EF 5BS[¡O SFEFT EJTUJOUBT GPSNBT QFSNJUFO DSV[BS EFTEF VOB QMBUBGPSNB TJUVBEB EF BCPSEBKF Z PUSBT FO VO ¡SCPM P TPQPSUF BSUJGJDJBM EF DPNJFO[P EF MB QSVFCB IBTUB PUSB VCJDBEB FO FM TJHVJFOUF TPQPSUF : BI­ DPNJFO[B MB PUSB QSVF -B BDUJWJEBE TF EFTBSSPMMB TPCSF QMBUBGPSNBT CB " QFTBS EF RVF DPO MPT NFEJPT RVF TF QPOFO BM BMDBODF EFM VOJEBT FOUSF T­ DPO DVFSEBT DBCMFT Z NBEF

±±± 9 hm W

* Ý Ý Ý Ý

QºCMJDP TJO JNQPSUBS FM FTUBEP G­TJDP EF DBEB VTVBSJP OJ TV FEBE 1FSNJUF QPS UBOUP TV VTP B GBNJMJBT HSVQPT EF BNJHPT FNQSFTBT BT­ DPNP B PUSPT DPMFDUJWPT Z QFSTPOBT

$JSDVJUP /FHSP P &YUSFN RVF TF VOF PUSPT DVB USP &TUยก JOEJDBEP TPMP QBSB EFQPSUJTUBT QBSUJDJ QBOUFT DPO CBTUBOUF FYQFSJFODJB FO FTUF UJQP EF BDUJWJEBEFT Z DPO CVFOB GPSNB GยญTJDB Z FRVJMJ CSJP -BT QMBUBGPSNBT Z MPT SFUPT FTUยกO QPS FODJ NB EF MPT NFUSPT EF BMUVSB DPO PUSPT UBOUPT SFUPT EF VOB EJGJDVMUBE DPOTJEFSBCMF Z DPO DJODP UJSPMJOBT QBSB SFMBKBS Z EFKBS CVFO TBCPS EF CPDB &M QBSRVF &M 3JTRVJMMP (VJTBOEP FTUยก JOUFHSB EP QPS USFT DJSDVJUPT Z SFUPT DBUBMPHBEPT QBSB FM QยบCMJDP JOGBOUJM GBNJMJBS Z QBSB KยณWFOFT Z BEVMUPT DPO HBOBT EF FNPDJPOFT &M 3PCMFEBM EFM 0TP $FSWFSB EF 1JTVFSHB 1BMFODJB FT FM QBS RVF NยกT HSBOEF EF &TQBยฑB EF TVT DBSBDUFSยญTUJ DBT $VFOUB DPO UJSPMJOBT QPS FODJNB EF MBT DPQBT EF MPT ยกSCPMFT B VOB BMUVSB EF NยกT EF NFUSPT DPO MPOHJUVEFT RVF TVQFSBO MPT DJFO NFUSPT EF MPOHJUVE $JSDVJUP BEBQUBEP EF 1JOBS (SBOEF 4PSJB

-B QFSTPOBT DPO NPWJMJEBE SFEVDJEB JODMVTP MBT RVF VUJMJ[BO TJMMB EF SVFEBT EJTQPOFO EF VO DJS SBT QFSGFDUBNFOUF JOUFHSBEBT FO FM QBJTBKF RVF QFSNJUFO DBNJOBS DVJUP EJTFยฑBEP QBSB FMMBT FO 1JOBS (SBOEF EF ยกSCPM FO ยกSCPM BUSBWFTBOEP FM CPTRVF DPO UPUBM TFHVSJEBE HSB 4PSJB $POTUB EF SFUPT TJUVBEPT B BMUVSBT RVF DJBT B MB VUJMJ[BDJยณO EF FRVJQBNJFOUPT QFSTPOBMFT FTQFDยญGJDPT EF WBSยญBO FOUSF VOP Z DJODP NFUSPT 1PS PUSB QBSUF TFHVSJEBE DPNP DBTDP BSOยฉT DBCPT EF BODMBKF MยญOFBT FO -B "MCFSDB 4BMBNBODB FODPOUSB EF WJEB FUD "EFNยกT FO MPT QBSRVF IBZ NPOJUPSFT NPT PUSP QBSRVF DPO TJFUF DJSDVJUPT ย ร ,ย Lย i`>ย ร `iย ร "ร ย ]ร iย RVF UPUBMJ[BO QBTPT EF VO ยกSCPM B PUSP Z FO MPT RVF QVFEFO IBMMBS *>ย iย Vย >]ร iร ร iย ร ยซ>ร ยตร i EJWFSTJยณO EFTEF MPT QFRVFยฑPT EF DVB

ย ย Vย ร iร ยซ>Vย ย ร ร ยซ>ร >ร ย >ร >ร iย ร ร ร > BยฑPT IBTUB MPT EFQPSUJTUBT NFKPS ย ?ร ร }ร >ย `iร `iร ร ยซ>ย > USP &M QBSRVF 1JOPT $JNFSPT FO MB 4JFSSB EF (SFEPT QSFQBSBEPT "JSF QVSP Z FOUSFUFOJ BCVMFOTF FT FM ยบOJDP EF MB SFE RVF EJTQPOF EF VO NJFOUP QBSB UPEPT

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.