RIVISTA MILITARE 2015 N.3 by Biblioteca Militare

Esempio rappresentativo per un dipendente ESERCITO ITALIANO di 35 anni.

Importo Totale del Credito

Importo Totale dovuto dal Consumatore

Costo totale del Credito*

9876543210/.-,46+-*6(433-..-4/-6+- '0.&-4/0 2%1-6% $## " 1-3!41.%!- -6-/6(%.4 +-61-3!41.46%/&-(-2%&46201 % 4&% 2%1&06/4/63%& 1%&%"6.20.06+- -.&1 &&41-% 2%1-6% ## "6/4/ 1-3!41.%!- - -/ (%.4 +- 1-3!41.46%/&-(-2%&4" .20.0 +-6+-.&1-! -4/0 2%1- % ## " /4/ 1-3!41.%!- - -/6(%.4 +-61-3!41.46%/&-(-2%&4" -/&010..- 2%1-6%6 " " (433-..-4/-6+- -/(%..4 2%1- % 014" -324.&%6+- !4 46%6(%1-(4 +- -/%/(0 6 -/%/ -%30/&4 210. 224/06 0.-.&0/ %"6201 & &&%6 % . % + 1%&%" +- /% '%1%/ -%6. % ,-&% 0 . % 201+-&% -32-0'46+0 0!-&410 6 0 24 - 0 .4/4 .4&&4.(1-&&06+% 6 -/%/(0 -/ % -& 6+- !0/0 -(-%1-% 06(4/&1%0/&0 +0 06.&0..0" %.. 30/+4/0 +-10&&%30/&0 - (4.&-

210.0/&0 3%&01-% 0 % /%& 1% 2 !! -(-&%1-% 0 ,-0/0 +- .4 (4/6 -/% -& 621434 -4/% - 6 -/%/ -%30/&46(4/&14650..-4/06 -/46%+ / -/&4 +0 46 &-20/+-4 6 01&%6,% -+%6 -/4 % 6$# # # 016-/ 413% -4/-6. (4/+- -4/- (4/&1%&& % - 0+ 0(4/43-( 0"6 0''010 0 / 413% -4/- 14200 +- %.0 . 510+-&4 %- 54/. 3%&41- +-.24/-!- - 210..4 -/%/(0" /0 0 - -% - 60 . 6!/ -/%/(0 -& 06!/ -& 6 %6(4/(0..-4/06+0 -/%/ -%30/&46 6. !41+-/%&% % %2214,% -4/06+% 2%1&0 +-6 -/%/(06 2 " % 1- %.(-4 +0 !0/0.&%10 +% 2%1&0 +0 /&0 %&41-% 0 0+ % % 24.-&-,% %( -.- -4/0 +- /% '%1%/ -% . % ,-&% +0 6+0!-&410606. % 201+-&% +-6-32-0'4"61-( -0.&0 201 0''0 6 0624 - 06.4/4 .4&&4.(1-&&0 +% -/%/(0 -/ % -& +-6!0/0 -(-%1-% 0 (4/&1%0/&0 +0 0 .&0..0" %- .0/.- +0 %1& +0 54+-(0 5-,- 0 201 % 24 - %6. %6,-&%" %.. 30/+4/0 +-10&&%30/&0 - (4.&-

$=00<9?=

3 4 -5 6,,4-026 /$)3(3 -3/,603 "

+$&-42.503 +$&-42.50 (62.56 6

+0 (/-&,%&/ !/--/)/(. , /*,-)0-/ !.%&.

(

+$&)23%6 -3003 6006..3 006. +0 0)).( (/-&. ).( ( ( (/-&. 0%/-. 0% /-.

+$ 205"/54256 3""5 " *

'43%3/505.6 4 "434.313(56 ,4//$*261

+0 0,)(. "/)/&& 0

+0 #(+'0-. /-0&&0/

+6 %25(6 (5026"/5426 (4..615.6 " "

+4 !32 4 1)./4625 ,4"/5 0605 1505

+0 */ 0. '%%.

+0 #-).-0. !0/ /))0-0 ,.-/(+0

+6 26,5.6/5 6 5314 5 6,5-06 51 4,53 254104 +0 /-0,*, !,**/ /(,

*/ !23104 506/5613 * 4 /4 %25(4 3%426 5315 +0 #-).-,**. .*&. "0/$0-0 #-).-,**. "/))/$*0/ , #*,%%/-+(. /$-0-0

+4 .6%6.50 .513!5/4 ,4//$&-42.503 *06/5613

+6 '261,4 ')4226 -)//4 /%5 '5)/54 (.

+0 $.1 /,)/

(

+0 '**0. 0+'*0&

+6 ")4226 4/4002315.6 @ 4@<=A +0 !*/'+0. ",$$0/).

( 4203 3..5315 +$6204 60026 42-3 /6 '261,4 ')4226

((

+0 #+/ 0& ,(/1

+$&-42.503 )-026/5613 -5 25113 6 */ 5613 442- 4 6 +0 /%%0 0*0/-. "/(

+0 */ 0. '%%.

261-6/%514 31, +0 "('-.1 0.

*/ 261.53 14//6 '261,4 ')4226 %

+6 1)3 6 !5-5313(56 ,45 .31!/5005 62(605 31!23103 .31 5/ *

* & * & * +.. & & * * +++

+0 !0- 0/ '$$,))0

) & ,4

) ! 4

< 5 = 7 7 < / = 9 < 3 ? = : > < 1 > 9 ; < < ; - ; ; ? 2 7 ? < - ; = 9 ? 1 = 8 8 = : = ? : ? < 9 > ? 1 9 = 1 9 ? 8 5 9 ? ; ; ? 5 = 9 9 > 6 < ; ? 6 < ? 0 0 < ' ? : ? : > 7 9 ? 8 1 > ; ; = 6 > 7 7 < : = 9 0 < ; ? < ? ' > : ; > 8 - 7 > ? : / < 8 > < 7 9 > ' = 7 < 0 > : ; = 1 > 9 7 < 8 > 7 > 3 ? = : > 6 ? ) > 5 > : 8 ? = : ? !9 ; ? 5 = 7 ? 4 : ; > 9 ? 8 ; > > $ < ' ' ? 1 - / / 7 ? 5 < ; = 8 - 7 8 ? ; = 2>8>95?;=26?#>8<2?; 8>3?=:> <:6? 6? <9<2

4 &) 4 ! 47 /?:=0?= -=0= 5<:> ?: #-:3?=:>

2 2 (.%+ % . ((

<''?= ?-':= :2 *.+ &6?;=9> ?:?8;>9= 6>77< ,?#>8<

Editoriale

,?#>8< $>9 ?3? $212!2 2 2 ++ % " %+..* ,?9>;;=9> )>81=:8</?7> >7?5> ,& &

?5> ,?9>;;=9> 5B+B<A #@=2A

!>? 9? 8?@5>... 8A54<A (6A8=@ :@ ;>8=<@ ?7A;=?=*

<1= )>6<;;=9> "A4@<B8A 13A;B>B

!A: 9><8> 7A::@ 9A<?5>;?@ =A;6=@8? :> 89><8> (6@==<> 5@22?> @ >< 7? 6?;=>0 ?: ?;?8=<> 7A::@ ?-A8@ 1@ <?9><7@=> 9>5A :A ><?2?;? 7A::, 8A<9?=>0 4<?5@ -<@ :A (6@==<> ></A "<5@=A 4A< @;/?@;?=*0 <?8@:2@;> @: 0 7@=@ 7A::@ ->;7@/?>' ;A 7A: <A22?5A;=> % 6@<7?A&0 4<?5@ 6;?=* 7,><7?;@;/@ 7? =6==? 2:? =@=? A6<>4A?.

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

@7?9? @;=?91A 91A 9>8=?=6?89>;> ?: ;>8=<> 4@=<?5>;?> 7? 96:=6<@ 7A::@ 8?96<A/' /@0 9>;8>:?7@=>8? ;A: =A54>0 <A;7A;7> :@ ></@ "<5@=@ 6;@ A84<A88?>;A 7? 9@4@9?=* A 3?<= 65@;A0 4@=<?5>;?> 7? =6==? ;>? ?=@:?@;?. 699A88?3@5A;=A0 :, ;?=* 7, =@:?@ 9? 1@ 3?8=> <@99>:=? @==><;> @::@ ;>8=<@ @;7?A<@ 91A $ 7?3A;6' =@ 4A< =6==? 6; 8?5+>:> 4@<>:@ 91A 7A<?3@ 7@: :@=?;> % .*' A @ 86@ 3>:=@ 7@: 2<A9> 91A 8?2;?-?9@ %5A==A<A ?;8?A5A& 4@<=? 7?8=?;=A . 6A8=@ $ :@ ;>8=<@ ?7A;=?=*. 6@;7> (6@:96;> 9? 91?A7A 91? 8?@5>0 :@ 9>8@ 4? ;@=6<@:A $ 7?<A ?: ;>8=<> ;>5A A 9>2;>5A0 ?: :6>2> A :@ 7@=@ 7? ;@89?=@ A 91? 9? 1@ 2A;A<@=>. <>9A7?5A;=> @;@:>2> 46 A88A<A @7>==@=> 9>5A ></@ "<5@=@. @4A<A 9>5A0 7>3A A 7@ 91? @++?@5> @36=> 4<?;9?4?> 8?2;?-?9@ ?7A;' =?-?9@<A 6;@ ><?2?;A 9>56;A 91A 9? @--<@=A::@. , 8A<9?=> =@:?@;> ?; =@;=? @;;? 7? 8=><?@ ;>; $ 8=@=> 5@? A8=<@;A> @::@ 3?=@ A @::A 3?9A;7A 7A: @A8A. ; =6==> (6A8=> =A54> A @==<@3A<8> 5>:=A A4>91A0 2:? 8-></? A ? 8@9<?-?9? 7A? ;>8=<? 4<A7A9A88><? 1@;;> 9>;=<?+6?=> @::@ ;@89?=@ A @::@ 9<A89?=@ 7A::@ !@/?>;A0 4A<5A==A;7>9? >22? 7? 3?3A<A ;A::@ 7A5>9<@/?@. @ :, 8A<9?=>0 >:=<A 91A ;A: 4@88@=>0 $ 8A54<A 4? 4<>=@2>;?8=@ @;91A ;A: 4<A8A;=A @8=@ >88A<3@<A ?: >:7@=> ?=@:?@;> ;A::A 5?88?>;? @::,A8=A<> A 3A7A<A 9>5A 8@ 7?8=?;26A<8? 4A< 9><<A==A//@0 4<>-A88?>;@:?=* A %2<@; 96><A&. @ ;>8=<@ ></@ "<5@=@ <?5@;A 6; +@:6@<7> %8?96<> A @--?7@+?:A& 86 96? :@ !@/?>;A 46 8A54<A 9>;=@<A0 ?; 4@<=?9>:@< 5>7> ;A? 5>5A;=? 7? 9<?8?. !>? 8?@5> 4<>;=? @ <@99>2:?A<A :,A<A7?=* 7? 91? 9? 1@ 4<A9A76=>. A< 9>55A5><@<A ? ;>8=<? 9@76=? A ?: <?9><7> 7A: 8@9<?-?9?> 7? =@;=A 3?=A 65@;A 76<@;=A :@ <@;7A 6A<<@ $ 8=@=> ><2@;?//@=> :,A3A;=> % , 8A<9?=> 5@<9?@3@& 9>; ?: (6@:A 8? $ 3>:6=> <?@::@99?@<A ?7A@:5A;=A (6A: 4A<9><8> 91A 9A;=> @;;? -@0 4@<=A;7> 7@::A A8=<A5A 4<>4@22?;? 7A::@ ;>8=<@ @=<?@0 1@ 6;?=> ? ;>8=<? @3? 4><=@;7>:? @ 9>54:A=@<A ?: 8>2;> 7? 6;, =@:?@ 6;?-?9@=@ A ?;7?' 4A;7A;=A. ";91A % ?3?8=@ ?:?=@<A& 1@ 3>:6=> 7@<A ?: 86> 9>;=<?+6=> ;A::,@5' +?=> 7A::A @==?3?=* 9A:A+<@=?3A ?; (6A8=> ;65A<> =<>3A<A=A 6; 8?;=A=?9> <A8>' 9>;=> 7A::,@33A;?5A;=> ?; @==A8@ 7A: -@89?9>:> 84A9?@:A.

>9?=6?5?; B4@:>=?;@

?9><7@<A ;>; 1@ :> 89>4> 7? A8><9?//@<A :@ 26A<<@ 9>5A 6; A3A;=> 4:@68?' +?:A 5@0 4A< 68@<A :A 4@<>:A 7? <@; :?; >>8A3A:=0 % 0 & , '-/ 0-, +,**/ $',((/ .$*0/ . '-/ 0-, +,0 (0-&0 0 +0 )')), *, $',((,&.

6>;@ :A==6<@

-;;? ? 6?9?;;? 9?8>9 <;?

5>>@ ;@ /A>A ? 8A==@7A 7@+;B ?=>B8A;B6 A.@ <A< ?;>=B4@<>B B<7B8?>A6 :A<A 7@;; (+@<*B? #B<@ !A>A @;@.B:B.? @ $A:>=@ 7@;;A 1$ @7B>A=@ :B 7B8 B?=? 7B:3A<B2B;@ ? =@+A;?=B**?=@ @.@<>5?;B :3@>>?<*@ 7A.5>@ ? 7B=B>>B 7 ?5>A=@ 3@= ;@ B44?+B>@ 7B 85B <A< :B? :>?>A 3A::B2B;@ =@3@=B=@ ;? /A<>@ A ;? ;@+B>>B4? 3=A3=B@> 54@=A 8 B5:A B< -@7?*BA<@ B; ?3=B;@ 9'

4 ,4)4 4 & $?;= 48;?;-3?=:<7> "# #" !# # $" ! $ # !$" " #" ! #!# # $" ! $ # !$" <//=:<0>:;? ! $ # $" #!$"

4 ,4)4 4 & !4 5=77</=9<3?=:? $ ! $ "$ $!$" 9?5 ?>8;< , $ $ " ! $ $" # $ ! <//=:<0>:;? $ ! $ ! "$ $!$"

VIVERE IL MARE UNA RISORSA DI SVILUPPO PER LA SICILIA

LA SICILIA ALL’EXPO MILANO 2015, CON IL CLUSTER DEDICATO ALLA BIO-DIVERSITÀ DEL MEDITERRANEO, PORTA IN DOTE UNA RISORSA UNICA E IDENTITARIA. LA BIODIVERSITÀ ALIMENTARE DEL MARE E L’ESPERIENZA DEL PESCATORE. QUESTA STORIA MILLENARIA DI RAPPORTO COL MARE E LA SUA CENTRALITÀ NEL MEDITERRANEO, AFFIDANO ALLA SICILIA UN RUOLO DA PROTAGONISTA.

Vivere il Mare. La Sicilia offre un caleidoscopio di opportunità inﬁnite, per quanti intendano scoprire questa risorsa ricca di natura, cultura, soprattutto alimentare, e lavoro dell’uomo. Un tessuto produttivo, unico nel suo genere, dove la piccola pesca artigianale ha sempre avuto un ruolo centrale per le comunità marinare, e può diventare il principale arteﬁce di una nuova economia del mare, dove le nuove generazioni possano trovare un progetto di vita.

REGIONE SICILIA SICILIANA ANA Assessorato Regionale Regionaale dell’Agricoltura dello Sviluppo R urale e della Pescaa Mediterranea D ipartimento Rurale Dipartimento R egionale della Pesca Pescca Mediterranea Regionale

Saranno i Gruppi di Azione Costiera (GAC) ha sviluppare nel Cluster della Biodiversità del Mediterraneo di EXPO MILANO 2015 un percorso di valorizzazione dei prodotti del mare, esaltandone il valore nutrizionale, la qualità e la varietà espressa dal pescato siciliano. Non meno importante il contesto, naturale e paesaggistico, in cui il pescatore opera: dai piccoli borghi marinari diffusi lungo una costa di assoluta bellezza, al circuito delle antiche Tonnare,

senza dimenticare i tradizionali mercati del pesce. Un circuito di mille suggestioni dove l’Ittiturismo e la Pescaturismo costituiscono una nuova ed affascinante offerta di turismo sostenibile. Accanto ai GAC, i COGEPA, i Consorzi di Gestione della Pesca Artigianale, col compito di pianiﬁcare e regolamentare l’utilizzo sostenibile della risorsa del mare, attraverso la realizzazione di Piani di Gestione Locale. Un ventaglio di opportunità per Vivere il Mare.

Il Progetto: “L’Esercito marciava...”

! ! ! ! ! !

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

! ! ! ! ! ! ! ! " ! ! ! ! ! !

" "

"$ # ! "

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

" " " !! !" " " !" " !!

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

69*9** 92 67335390,5 67335 0,5 6384048$954827 6384048 548 7 /9 ,863917 86 17 05.3866-665 05.3866 665 .8270694707 .8 706 4707 28918* 28918 8 18* 11" 1"7 78 994673'8229 673'82299 "8 .83822728,7467 152.965 2# -35.8 2# -35.8* 09 /9,5063865 9418.817* 9 /8 05) 05) 25* /99 82673837 +29 8007669 +75.5296919 7/ 9 38..5369 9467348$954829 9467348$954829 8 8 454 708-3968* 9 !741" 8((97'52968* 9 9 ,9481198 9 9 673353906918 9 9 .5068 4799 154(3546 154(354699 /722# -35.8 / 722# -35.8 22# -35.8 # -35.8 .8 /8227 /822 .37/ . .37/7667 3 7 ,863919 , 6399 9 5++9 ++9 5((-01868 ++9 5(((( ((-01866 /822#86638$9547 / 22# 22# 66 6638$99547 707319686 7073196868 70731968 9 /918290,5 918290,5 9028,915 74/5+745 7/ 705+745 92 1509//7665 9"8/90,5

9"8/90,5

9"8/ /82 38/918290,5 ,74699 (8486919 /7293 7 084+-94839 1"7 391533545 822#8++37009547 8' 0- 727,7469 (8486919* /72938469 822#8++37009547* 8') 8274/509 274/5099 /9 063-66-37 6 66 7 /948,91"7 /9 9 " 67335390691"7* 6 9 69 " 4722 (822817 ( 22 154'9419,7465 154'9419,74 9 9 6 / '8274/509 /9 937 8 .39419.9 7 .3717669 3729+9509 /8 2535 83!9638398) 83!9638398 8/73937 7467 86639!-969 822 822#&028, ,7467 822#&028, %9+49(91869'9 9+49(9 9 9 0'92-..9* 9 ..9 (38 9 .9 9 3717469* 7174 9 11"7 9922-) 922-) 063845 28 486-38 /99 -7068 ,9481198 1838667) 1838667 39$$868 /8 4567'529 .5674$98296 390. 390.7665 8 -7228 /99 82637 ,863919 67335390691"7* 9412-) 67335390691"7 9412 9412-) /545 45 2#8-65).35128,8$9547* .35128,8$9547* 8''74-68 92 * 829((865 +9-+45 9-+45 + * 098 /72 72 829((865 098 09 /7225 %6865 &028,915* 94674$95482,7467 .39'5 .39'5 9'5 /99 154(949* 8/ 5.738 5. 38 /72 72 07/917467 07 07/917467 %6865 &028,915 /9 &38 7 %9398 -9 8.) .37005 37005 &%&% &% /8+29 + 9 8!96-829 !96 29 813549,9 81 5 9 9 94 9 294+-8 94+-8 94+2707 7 9 0-117009'9 0-117009' 86) 8 86) 6746869 839+9 7 5.74 5.74"8) 7468699 15,,7009 8 839+ 5.74"8 +74 ) 74 390.7669'8,7467 479 +95349 + +744895 7 ) (7!!3895 /72) 2#8445 94 15305

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

@$Î\T^VQ[? T\W <R\W] Y[Y 5 Y ^T][W[OÛ\Q]YZ] Y [S]X\Z^L\Q]YZ] VU^YT^M^W]N #^. SX^Q\ T]W Q\Y^J]VZ\XV^ T]WWEFGFG1FGP WE0RX[S\ 5 VZ\Z\ Z]\ZX[ T^ \ZZ^ Z]XX[X^K VZÛ^ T^ VZ\QS[ X\TÛ\W] ^VW\QÛ[N /\VZ\ U^Z\X]P JX\ ^ S^ Y[Z^P <R]WW^ QRWZ^SW^ ] U[[XT^Y\Z^ JX\ W[X[ U[QQ]VV^ U[YZX[ [M^]ZZ^L^ ^Y]XQ^P ^ Q]HH^ SRMMWÛ^ T^ ZX\K VS[XZ[P \ ,\TX^T WEBB Q\XH[ T]W A>>= ] VRUU]VV^L\Q]YZ] \ )[YTX\ ^W 6 ] AB WROW^[ T]W A>>:N %\ S\X^Q]YZ^ XÛ[XT\Z[ UI] \YY^ SX^Q\P [VV^\ ^W A; J]MMX\^[ T]W B334P W\ T]JRYZ\ JÔRX\ S[XZ\YZ] T^ \WK \^T\P V\Q\ M^Y )\T]YP \L]L\ ^YO^RYZ[ \^ VR[^ U[XX]WÔ^[Y\X^ ' V]SSRX] \MRV^L\Q]YZ] S[ÛI V[ZZ[ J[XQ\ T^ J\Z \ [ ]T^ZZ[ O^RX^TÛ[KX]WÔ^[V[ Y[Y T^ VR\ U[QS]Z]YH\ ' T^ @?CCLBJGJ ;EL K@JGLCKHL J L EIGI KEEJKFL8 DLK CL9LEL DLK @LELFKGL8 777 I9?H ?J AIDDL1LEJ? DACN G^\ S]X VR\ Y\ZRX\ ] J^Y^ V^\ S]X ^W Q[T[ SX]Z]VZR[V[ T^ SX]V]YZ\XV^P \VV[WRK Z\Q]YZ] X]Q^Y^VU]YZ] T]WWE^YO^RYH^[Y] T^ M^Y )\T]Y \^ U[XX]WÔ^[Y\X^ ^VW\QÛ^P WEFGFG1FG X^]YZX\ S^]Y\Q]YZ] Y]W @IB?D IAJGKHBL Z]XX[X^VZÛ[ ] T^V^YJ[XQ\Z^L[ T]W @$Î\T^VQ[?P U[Y W\ U[QSX[L\Z\ Q^Y\UU^\ UI] Y] U[YV]OR]N *WW[ VZ\Z[ \ZZR\W] T]WW] U[Y[VU]YH] Y]W SRMMWÛ[ T[Q^Y^[ 5 \XTR[ VZ\M^W^X] U[Y U]XZ]HH\ <R\YZ^ ] <R\W^ \ZZ^ Z]XX[X^VZÛ^ T^ VZ\QS[ X\TÛ\W] ^VW\QÛ[ U[YVRQ\Z^ ^Y 0RX[S\ V^\Y[ T^X]ZZ\Q]YZ]P [ ^YT^X]ZZ\Q]YZ] Y]WW\ L]VZ] T^ ^VZÔ\Z[X]P \ZZX^MR^M^W^ \WWEFGFG1FGN ZRZZ\L^\ \SSRX\Z[ UI] WE\RZ[SX[UW\Q\Z[ U\W^JJ[ FMX\I^QP KELKD *MR /\&X \WK /\OIT\T^P \MM^\ Q^Y\UU^[V\Q]YZ] TÛI^\X\Z[ @"GK/LJ KB 0EEK< J1GJL J CGI3 CLKFL DKGKHHI DCIH:LFFL7 > @?D?E@KHL 9LHCJGKHHI7 > HIDFGL HJ@LCL DIHI ALJFGL:L3

CKFL BKEEK AK?GK7 6L DFLK@I JDAKHBJHBI7 4 EK @KGCLK FGLIH:KHFJ BJL @? K<JB3 BLH KGGL9JG :LHI K -I@K? D;CN GÔY^JÛ\Z^L\Q]YZ]P \WK/\OIT\T^ V^ 5 \LL\WV[ Y]WW\ VR\ TÛI^\X\H^[Y] T^ RY T]ZZ[1SX[J]H^\ T^ ,\[Q]ZZ[P UI] SX]L]T]L\ O^. TE\WW[X\ W\ U\TRZ\ T^ [Q\P U]YZX[ T]WW\ UX^VZ^\Y^Z. [UU^T]YZ\W]P ^Y Q\Y^ ^VW\K QÛI]N FY[WZX]P RY J[Z[Q[YZ\OO^[ ^Y UR^ W\ M\YT^]X\ Y]X\ T]W V]TÛ]YZ] GZ\Z[ FVW\QÛ[ VL]YZ[W\ VR [Q\ L^]Y] ZX\VQ]VV[ T\ Q]V^ ^Y X]Z] D=CN * VR\ L[WZ\ *MR ,[I\QQ]T \WK*TY\Y^ \WKGI\Q^P S[XZ\L[U] T]WWEFGFG1FGP I\ TÛI^\X\Z[ @777 CL LHCIHFGJGJ@I K "JG?DKEJ@@J8 AIL E2KAA?HFK@JHFI K -I@K? D:CN !Y\ U[YJ]XQ\ T]WW] Q^X] ]RX[S]] T]WWEFGFG1FG 5 U[YZ]YRZ\ ^Y RY T[URQ]YZ[ T^ B>> S\O^Y] T\ ]VV[ VZ^W\Z[ ] ^YZ^Z[W\Z[ @5<J >DEK@LC =FKFJ ) *?P ^Y UR^ YRK Q]X[V^ V[Y[ ^ X^J]X^Q]YZ^ \ [Q\ ] L^ V^ W]OO] ^Y S\XZÛ[W\X] @5<J "EI1KE >DEK@LC 6KELA<KFJ %LEE D?GGI?HB KHB CKAF?GJ 4?GIAJ )4'* :GI@ 0,, DLBJD8 F<J JDF )=AKLH*8 F<J 6JHFGJ )>FKE.8 -I@J* KHB F<J 4KDF )5?G(J.8 6IHDFKHFL3 HIAEJ >DFKH1?E*? D2CN ([Y ZX\VURX\M^W] 5 ^W J\ZZ[ UI] ^Y X^VS[VZ\ \WW\ Q^Y\UU^\ T^ \WK/\OIT\T^ ] \WW\ VR\ S[VV^M^W] \ZZR\H^[Y] V^\Y[ VZ\Z] Z]QS]VZ^L\Q]YZ] X^YJ[XH\Z] W] Q^VRX] T^ VÛRX]HH\ \JJ]X]YZ^ W\ S]XV[Y\ T]W 7\S\ D6CN \ Y[Z\X]P \WZX]V P UI] WEFGFG1FG \LX]MM] ^YJ\ZZ^ T\ <R\WUI] Z]QS[ ^Y^H^\Z[ \ U[VZ^ZR^X] SX[SX^] U]WWRW] ^Y 0RX[S\ D4CN FY[WZX]P ^W VRUU^Z\Z[ S[XZ\L[U] T]WK WEFGFG1FGP Y]W Z]YZ\Z^L[ T^ SX[QR[L]X] ^Y L^\ \RV^W^\X^\ J[XQ] T^ Z]XX[X^VQ[ VS[YZ\Y][P I\ SX[S[VZ[ Q]Z[T[W[O^] \WZ]XY\Z^L] \^ V]OR\U^P [LRY<R] SX]K V]YZ^P S]X U[WS^X] OW^ @^YJ]T]W^? @=J HIH K9JFJ ?HK ALDFIEK8 LH9JDFLFJEL CIH EK

9IDFGK @KCC<LHK? D3CN /]YUI X^Q\YO\ T\ UI^\X^X] V] ^ VRQQ]YH^[Y\Z^ \ZZ^ Z]XX[X^VZÛ^ ' UXR]YZ]Q]YZ] U[QQ]VV^ SX^Q\ \ 7\XÔ^ \^ T\YY^ T]WW\ X^L^VZ\ V\Z^XÛ\ @9I\XW^] ]MT[? ] T^ RY ]V]XU^H^[ \W^Q]YZ\X] @ [VI]X? ] S[^ \ 9[S]YK I\O]Y \^ T\YY^ T^ RY U[YL]OY[ VRW Z]Q\ @*XZ]P MW\VJ]Q^\ ] W^M]XZ. T^ ]VSX]VV^[Y]? ] T^ RY\ V^Y\O[O\ ' V^\Y[ XÛ[YTRU^M^W^ \WWE^VS^X\H^[Y] T]WWEFGFG1FG [SSRX] \WWE^YJWR]YH\ S^ O]Y]XÛ\Q]YZ] @$Î\T^VZ\?P X^V\WZ\Y[ U[QRY<R] U^XU[VZ\YH] VÔY^JÛ\Z^L] WE\RZ[X] T]WWE\ZZ]YZ\Z[ \W VRS]XQ]XK U\Z[ ]MX\Û[ I\ \VV]X^Z[ ^Y RY L^T][P U[V ^YUX]Q]YZ\YT[ WE\VS]ZZ[ ^YZ^Q^K T\Z[X^[P W\ SX[SX^\ J]T]WZ. \W U\W^JJ[P [VV^\ \WK/\OIT\T^P ] I\ ^Y[WZX] T^K UI^\X\Z[ T^X]ZZ\Q]YZ] \OW^ [VZ\OO^P S]X Q^WW\YZ]X^\ [ Q]Y[P T^ J\X S\XZ] T]WW[ @GZ\Z[ FVW\QÛ[? DB>CN *WW[ VZ]VK V[ Z]QS[P ^Y RY \WZX[ L^T][P WE\OOX]K O\H^[Y] T]Y[Q^Y\Z\ \WK \^T\ Y]WW\ 7]Y^V[W\ *X\MÛ\ V^ V\X]MM] \ZZX^MR^K Z\ W\ X]VS[YV\M^W^Z. T]^ J\ZZ^ T^ 7\XÔ^ DBBCN VZ\Z[ \YUI] ^S[Z^HH\Z[P VRWW\ M\V] T^ ^YT^H^P UI] W] ^YT\O^Y^ S[K ZX]MM]X[ VZ\M^W^X] Y]VV^ T^ <R]VZ\ \OOX]O\H^[Y]P V[ZZ[ J[XQ\ T^ ILHF 9JHF?GJP_U[Y_WEFGFG1FG_DBACN )EFGFG1FG Y[Y X^JROO]P S]X\WZX[P T\W U[QQ]ZZ]X] X\S^Q]YZ^ ] M\XM\XÛI] RUU^V^[Y^ T^ U^ZZ\T^Y^ ]RX[S]^ ] T^ \WK ZX] Y\H^[Y\W^Z. ^Y \X]\ Q]T^[X^]YZ\W] U[Q] T^Q[VZX\Z[ T\OW^ VO[HH\Q]YZ^P UXRT\Q]YZ] J^WQ\Z^ ] T^JJRV^P T]^ MX^K Z\YYÛ^ \L^T \^Y]V ] *W\Y ]YK Y^YON FW VR[ X]S]XZ[X^[ ] T^ \WZX] \OK OX]O\H^[Y^ @$Î\T^VZ]? S\X^Q]YZ^ ^YK UWRT] WE^QS^]O[ T^ \ZZ]YZ\Z[X^ VRÛ^T^ ] T^ Q^W^Z\YZ^ \T[W]VU]YZ^ V^VZ]Q\Z^K U\Q]YZ] SW\O^\Z^N &$"# $&%' !& "# '%%!$%& % '$&! &

)E\JJWR]YH\ @$Î\T^VZ\? VZX\Y^]X\ V[K SX\ZZRZZ[ ^Y G^X^\P Q\ SRX] ^Y \WZX] \X]] TE^YZ]X]VV] S]X WEFGFG1FG ] S]X W\ U\RV\ @$Î\T^VZ\?P U[VZ^ZR^VU] RY S\XZ^K U[W\X] X^VUI^[ S]X WE0RX[S\ [UU^T]YZ\K W]N %\ VRM^Z[ SX]U^V\Z[ UI] ^Y [OY^ X^K J]X^Q]YZ[ \ @U[QM\ZZ]YZ^ VZX\Y^]X^? 5 \VV[WRZ\Q]YZ] Y]U]VV\X^[ WERV[ T]WW] L^XO[W]ZZ] S]XUI 5 <R\YZ[Q]Y[ TRMK M^[ UI] U[VZ[X[ S[VV\Y[ ]VV]X] U[YK V^T]X\Z^ U[QM\ZZ]YZ^ W]O^ZZ^Q^ \^ V]YV^ T]WW] U[YL]YH^[Y^ T]WWE*^\ T]W B3>6 ] T^ #^Y]LX\ T]W B3=3N T^JJÛ^W] VZ\M^W^X] U[Y ]V\ZZ]HH\ <R\W] V^\ W\ U[YV^VZ]YH\ YRQ]XÛ\ T]^ @U[QM\ZZ]YZ^ VZX\Y^]X^? T^ Y\H^[K

Y\W^Z. Z\YZ[ ]RX[S]\ <R\YZ[ ] ZX\]RX[S]\N GÛRX\Q]YZ] V^ ZX\ZZ\ T^ QÔW^\^\N +RZZ\L^\ W] VZ^Q] L\X^\Y[P U[V U[Q] L\X^\ WE\ZZ]YT^M^W^Z. ] WE\ZZR\W^Z. T]WW] J[YK Z^ T^VS[Y^M^W^ Y]W SRMMWÛ[ T[Q^Y^[P S]X \WZX[ \VV\^ ]Z]X[O]Y]] V^\ \ W^L]WW[ VZ\Z\W] UI] T^ XÛ]XU\ SX^L\Z\N G[W[ A: T]OW^ 4B GZ\Z^ T\^ <R\W^ ]VV^ V[Y[ S\XZ^Z^ Q]ZZ[Y[ \ T^VS[V^H^[Y] VZ\K Z^VZÛI] RJJÛ^\W^N ( X^VRWZ\ UI] W] \OOX]O\H^[Y^ \ZZ^L] ^Y FX\< ] G^X^\ Z]YO\Y[ ZX\UU^\ VUX^ZZ\ T]^ L[W[YZ\X^ VZX\Y^]X^ DB;CN #W^ VZ]VV^ U[QS^W\Z[X^ VS]VV[ Z]YT[Y[ \ T^VZ^YOR]X] ZX\ VZ^Q] M\VV] ] \WZ]N 7RX\Q]YZ] \ Z^Z[W[ ]V]QSW^JÛ\Z^L[ L\ X^W]L\Z[ UI] RY[ VZRT^[ J^VV\ ^W YRQ]X[ ZX\ ;N;>> ] BBN>>> DB=CP RY V]U[YT[ ZX\ 2N>>> ] BAN>>> DB:C ] RY Z]XH[ ^YT^K U\ RYERYÛ\ U^JX\ T^ @U^XU\? B2N>>> DB2CN !YERWZ]X^[X] VZ^Q\ X\OO^RYO] W\ U^JX\ T^ U^XU\ A>N>>> DB6CN FY [OY^ U\V[ Y[Y V^ SR \ZZX^MR^X] SX]U^V^[Y] \W YRQ]X[ VZ^Q\Z[P Q\ V[W[ ZX\XY] RYE^YTÛ\H^[Y] \SSX[VV^Q\Z^L\N (]SSRX] V]QSWÛ] 5 ^W Z]YZ\Z^L[ T^ U\WU[W\X] <R\YZ^ @U[QM\ZZ]YZ^ VZX\Y^]X^? V^ V^\Y[ Q[VV^ T\WWE0RX[S\N 8X\ WE\WZX[ \YTX]MM] T^VZ^YZ[ V] V^ ZX\ZZ\ T^ U^ZZ\T^Y^ T]W U[YZ^Y]YZ] ]RX[S][ [ T^ X]V^T]YZ^ U[Y [ V]YH\ S]XQ]VV[ T^ V[OO^[XY[N 9[QRY<R]P VZ\YT[ \ RY U\WU[W[ U[QS\X\Z^L[P ^W B4 T]OW^ \ZZR\W^ @$Î\T^VZ^? ^QS]OY\Z^ ^Y G^X^\ SX[L^]Y] T\WWE0RX[S\ [UU^T]YZ\W]P S\XZÛ[W\XQ]YZ] T\ 8X\YU^\P ]OY[ !Y^Z[P #]XQ\Y^\P /]WO^[ ]_ W\YT\ DB4CN FY Z]XQ^Y^ YRQ]XÛ^P V]U[YT[ RY\ J[YZ] V\X]MM]X[ [WZX] AN>>> <R]WW^ SX[L]K Y^]YZ^ T\^ A4 7\]V^ T]WWE!Y^[Y] 0RX[S]\ DB3CN !YE\WZX\ J[YZ] ^YTÛ\ W\ VZ]VV\ U^JX\ \OO^RYO]YT[P O]Y]XÛ\Q]YZ]P UI] V[Y[ QRY^Z^ T^ S\VV\S[XZ^ ]RX[S]^P <R^YT^ U^ZZ\T^Y^ T^ 7\]V^ ]RX[S]^ Q\ Y[Y Y]U]VV\X^\Q]YZ] \SS\XZ]Y]YZ^ \WK WE!Y^[Y] 0RX[S]\ DA>CN *YU[X\ RYE\WZX\ X^S[XZ\ RY\ VZ^Q\ YRQ]XÛ\ S]X WE^YZ]K X\ 0RX[S\ [VU^WW\YZ] ZX\ ^ BN;:; ] ^ AN>:= ]W]Q]YZ^ DABCN 7[ÛI5 V\X]MM]X[ U^XU\ AN:>> ^ @U[QM\ZZ]YZ^ VZX\Y^]X^? SX[L]Y^]YZ^ T\WW\ Z[Z\W^Z. T]^ 7\]V^ [UU^K T]YZ\W^ DAACP <R]WW^ UI] O^RYO[Y[ T\WWE0RX[S\ U[VZ^ZR^X]MM]X[ RYE\WZ^VV^Q\ S]XU]YZR\W] T]WW\ U[QS[Y]YZ] [UU^T]YZ\W]N \ Y[Z\X]P S]X P UI] RY\ J[YZ] T^VZ^YOR] ZX\ 0RX[S\ [UU^T]YZ\W] ] ^W X]VZ[ T]WWE0RX[S\ \ZZX^MR]YT[ \WW\ SX^Q\ AN:4> ]W]Q]YZ^_]_\WW\ V]U[YT\ BN6A> DA;CN \WZX]V [SS[XZRY[ SX]YT]X] Y[Z\ T]WW\ VSX[S[XH^[Y] YRQ]XÛ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

7]X <R\YZ[ XÔR\XT\ WEFZ\W^\ ^Y S\XZÛ[K W\X]P T\Z^ U[QRYÛ\Z^ T\W ,^Y^VZ]X[ T]WWEFYZ]XY[ \ V]OR^Z[ T]^ U^Z\Z^ ]L]YZ^ T^ 7\XÔ^ ^YTÛ\Y[P V]YH\ VS]U^JÛ[ X^K J]X^Q]YZ[ \WW\ T]VZ^Y\H^[Y]P UI] @ZX\ W] :; S]XV[Y] J^Y[X\ U[^YL[WZ] Y]^ ZX\K VJ]X^Q]YZ^ L]XV[ ^ WR[OI^ T^ U[YJW^ZZ[P UI] I\YY[ \LRZ[ \ UI] J\X] U[Y WEFZ\K W^\ Y]WW\ J\V] T^ S\XZ]YH\ [ \YUI] V[K W[ ^Y <R]WW\ T^ ZX\YV^Z[P <R\ZZX[ I\YY[ Y\H^[Y\W^Z. ^Z\W^\Y\? DA:CN 7\XZÛ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Î\T^K VZ\? ^Y O]Y]X\W] ] ^Y S\X^ Q^VRX\ S]X WEFGFG1FGP ^W <R\W] V^ 5 \SSRYZ[ \LK L\WV[P U[Q] Y[Z[P T^ L[W[YZ\X^ T^ SX[L]Y^]YH\ ]RX[S]\ \YUI] ^Y <R\K W^Z. T^ SX[S\O\YT^VZ^ ] @Z\OW^\O[W]?N FW U[YU[XV[ T^ @U[QM\ZZ]YZ^ VZX\Y^]K X^?P \ SX]VU^YT]X] T\WW\ Y\H^[Y\W^Z.P \ZZX^MR^VU] \W U[YJW^ZZ[P <R\YZ[Q]Y[ VRW S^\Y[ SX[S\O\YT^VZÛ[P RY\ T^K Q]YV^[Y] OW[M\W] DA4CN

([Y ]V^VZ] Y]W SRMMWÛ[ T[Q^Y^[P Y L]X[V^Q^WQ]YZ] ^Y T[URQ]YZ\H^[Y] X^V]XK L\Z\P RY SX[J^W[ M^[OX\JÛ[ ]V\RX^]YZ] T]^ @U[QM\ZZ]YZ^ VZX\Y^]X^? ] Z\YZ[Q]Y[ S]X <R\YZ[ XÔR\XT\ WE\VS]ZZ[ SVÛ[W[OÛ[N ([Y 5 <R^YT^ S[VV^M^W] T]VUX^L]X] U[QS^RZ\Q]YZ] [ \VV]OY\X] RY\ L]X\ ] SX[SX^\ OX\TR\Z[X^\ ^Y S]XU]YZR\W^ \WK W] SRWV^[Y^ UI] ^YTRU[Y[ ]W]Q]YZ^ @$Î\T^VZ^? V^\ ]RX[S]^ V^\ ] ZX\]RX[S]^ \T \OOX]O\XV^ \WWEFGFG1FG [ \T \WZX^ OXRSS^ \ZZ^L^ ^Y <R]WWE\X]\ O][S[W^ZÛ\ DA3CN )\ G^X^\ 5 RY\ Q]Z\ \SS]Z^M^W] S]X ^ @U[QM\ZZ]YZ^ VZX\Y^]X^? \YUI] S]XUI J\K U^WQ]YZ] X\OO^RYO^M^W] VS]U^\WQ]YZ] T\ UI^ SX[L^]Y] T\WWE0RX[S\ S]X L^\ T]WK W\ +RXUI^\ D;>C \LL\W]YT[V^P \T ]V]QS^[P T^ Y\L^ T\ UX[U^]X\ ^ UR^ L\X^ \SSX[K T^ Q\X^ZZ^Q^ X]YT[Y[ S^ T^JJÛ[WZ[V[ ^W Q[Y^Z[X\OO^[ D;BC [ RZ^W^HH\YT[ Q]HH^ T^ ZX\VS[XZ[ Z]XX]VZX] S]X S[^ [UURWZ\XV^ JX\ ^ SX[JROI^ WRYO[ W] L^] T^ ZX\YV^Z[ D;ACN 7]X UI^P S[^P 5 Z^Z[W\X] T^ S\VV\S[XZ[ X^W\VU^\Z[ T\ 7\]V^ T]WWE!Y^[Y] 0RK X[S]\ ^W S\VV\OO^[ 5 S^ \O]L[W] ' ]T \ZZR\M^W] \YUI] S]X L^\ \]X]\ ' T\Z[

UI] W\ +RXUI^\ Y[Y XÛI^]T] ^Y <R]VZ[ U\V[ ^W L^VZ[ TE^YOX]VV[ D;;CN +RZZ^ <R]K VZ^ L\YZ\OO^ V\X]MM]X[ RWZ]X^[XQ]YZ] X\JJ[XH\Z^ T\WW\ SX]V]YH\ T^ ]W]Q]YZ^ T]WWEFGFG1FG VZ\M^W^Z^V^ [WZX] ^ U[YJ^Y^ T]WW\ G^X^\ U[Y W\ +RXUI^\ D;=CN *^ SX]T]ZZ^ J\ZZ[X^ L\YY[ \OO^RYZ] W] Q[Z^L\H^[Y^ S]XV[Y\W^P V^\ URWZRX\W^ V^\ SV^K U[W[OÛI]P UI] V[Y[ VZ\Z] ]V\Q^Y\Z] ^Y VZRT^ \JJ]X]YZ^ W\ Q\Z]X^\ ] UI] V]MM]K Y] Y[Y XÔ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Û[ [YY^SX]V]YZ] D;6CN G[ZZ[ WE\VS]ZZ[ X]WÔ^[V[ X^V\WZ\Y[P ^Y L\X^] \Y\W^V^ U[YT[ZZ]P RWZ]X^[X^ XÛI^\Q^ W\ U[YV\S]L[W]HH\ UI] ^Y Z]VZ^ X]WÔ^[V^ VRYY^Z^ SX[SX^[ W\ G^X^\ L^]Y] V]OY\K W\Z\ U[Q] ^W WR[O[ T]WWERWZ^Q\ M\ZZ\OW^\ \S[U\W^ZZÛ\ ZX\ ^W M]Y] ] ^W Q\W] D;4C" WE[UU\V^[Y] SX[S^H^\ S]X Q[X^X] T\ Q\XZ^X] D;3C" ] W\ S[VV^M^W^Z. T^ L^L]X] ^Y RY WR[O[ V[OO]ZZ^L\Q]YZ] S]XU]S^Z[ U[Q] ^Y S^]Y\ V^YZ[Y^\ U[Y ^ T]ZZ\Q^ T]WWEFVW\Q D=>CN 7VÛ[W[OÛ\Q]YZ] ^YJWR^X]MM]X[P \ W[X[ L[WZ\P W]O\Q^ J\QÔW^\X^ [ T^ \QÛ^H^\P JXRVZX\H^[Y^ ]V^VZ]YH^\W^P XÛ]XU\ T^ RY V]YV[ TE^T]YZ^Z. ] T^ RY[ VU[S[ T^ L^Z\ D=BC ] ^W SX]Z]VZ[ S]X JROO^X] T\ U[YT^H^[Y^ T^ L^Z\ VOX\T^Z] D=ACN ([Y 5 S[^ ^XX^W]L\YZ] ^W J\ZZ[ UI] ^W T^VM[XV[ S]X X\OO^RYO]X] W\ G^X^\ T\WWE0RK X[S\ Y[Y 5 ]W]L\Z[P UI] ^W U[VZ[ T]WW\ L^Z\ LH EICI 5 M\VV[ ] UI] ^ @U[QM\ZK Z]YZ^? Y[Y V[W[ L]YO[Y[ VZ^S]YT^\Z^P Q\ ^Y T]Z]XQ^Y\Z^ U\V^ O[T[Y[P T[S[ [S]X\H^[Y^ L^ZZ[X^[V]P T^ RY\ S\XZ] T]W M[ZZ^Y[ D=;CN FY<R^]Z\YZ] 5 \WZX]V W\ U[VZ\Z\H^[Y] UI] RY ]W]L\Z[ YRQ]X[ T^ @$Î\T^VZ^? [UK

U^T]YZ\W^ V^\Y[ X]U]YZ^ U[YL]XZ^Z^ \WK WEFVW\Q D==C ] UI] Q[WZ^ \WZX^ V^\Y[ ^QQÔX\Z^ T^ V]U[YT\ [ Z]XH\ O]Y]K X\H^[Y] D=:CN R]VZ[ VS^]OI]X]MM] W\ U[Y[VU]YH\ XRT^Q]YZ\W] T]WK WEFVW\Q T\ S\XZ] T^ RY\ SWRX\W^Z. T^ @U[QM\ZZ]YZ^ VZX\Y^]X^? ] <R^YT^ W\ W[K X[ [MM]T^]YH\ U^]U\ \ S]XV[Y\OO^ Y[Y \RZ[X]L[W^ D=2CN (] V]OR] UI] ^ X]UWRZ\Z[X^ @$Î\T^VZ^? ' S\X^Q]YZ^ \^ V]QSWÛ^ J\U^W^Z\Z[X^ UI] \O]L[W\Y[ \SSRYZ[ W\ SX]V\ T^ U[YZ\ZZ[ ] W\ ZX\K VJ]XZ\ D=6C ' V^ \LL\WO[Y[ T^ <R]VZ^ J\ZZ[X^P ^YUWRV] W] LRWY]X\M^W^Z. S]XV[K Y\W^ T]^ S[Z]YH^\W^ U\YT^T\Z^ D=4CN (RQ]X[V] [VV]XL\H^[Y^ ] U[YV^T]X\K H^[Y^ X]YT[Y[ SX][UURS\YZ] Y]W U[YK Z]VZ[ ]RX[S][ ' Q\ Y[Y V[W[ ' ^W J]K Y[Q]Y[ T]^ @U[QM\ZZ]YZ^ VZX\Y^]X^?N )\ W[X[ SX]V]YH\ Y]WWE\X]\ T^ UX^V^ U[YZX^MR^VU] \ S]XS]ZR\XY] ^W U[YJW^ZK Z[P \ ^VS^X\X] \WZX^ L[W[YZ\X^ ] \ X\JJ[XK H\X] W\ X]W\Z^L\ SX[S\O\YT\ ] W\ J]K T] Y]WW\ L^ZZ[X^\ D=3CN !WZ]X^[XQ]YZ] ^Y<R^]Z\YZ] 5 ^W W[X[ X^]YZX[ ^Y 0RX[S\ \YUI] ^Y U[YV^T]K X\H^[Y] T]W J\ZZ[ UI] W\ Q\OO^[X S\XZ] J\ X^Z[XY[ Y]^ 7\]V^ T^ S\XZ]YK H\ D:>CN ,]YZX] 5 VZ\Z[ X^VU[YZX\Z[ UI]P S]X [X\P V[W[ RY\ SÛU[W\ Q^Y[X\YH\ T]^ @U[QM\ZZ]YZ^ VZX\Y^]X^? X^]YZX\Z^ T\ SX]U]T]YZ^ U[YJW^ZZ^ I\ S[VZ[ ^Y ]VV]K X] \ZZ]YZ\Z^ Y]W 7\]V] T^ SX[L]Y^]YK H\P W] VZ]VV] XÛ]XUI] ^Y Q\Z]X^\ ^YT^K U\Y[ UI] U[W[X[ UI] VRUU]VV^L\K Q]YZ] L^ V^ T]TÛ\Y[ V[Y[ S\XZÛ[K W\XQ]YZ] S]XÛ[W[V^ \ V]OR^Z[ T]WK WE]VS]X^]YH\ \U<R^V^Z\N !Y ]V]QS^[ V\X]MM] <R]WW[ XÔR\XT\YZ] WERUU^V^[K Y] T^ ZX] S]XV[Y] \WWE^YZ]XY[ T]W QRK V][ ]MX\Û[ T^ /XR ]WW]V ^W A= Q\OK O^[ A>B= \T [S]X\ T^ RY @$Î\T^VZ\? UI] \L]L\ VS]V[ [WZX] RY \YY[ ^Y G^K X^\ Y]WW] J^W\ T]WWEFGFG1FG V[ZZ[ RY\ SX]U]T]YZ] T]Y[Q^Y\H^[Y] D:BCN VZ\Z\ \WZX]V ]VSX]VV\ W\ SX][UURK S\H^[Y] UI] 5 VRJJÛ^]YZ] RY YRQ]X[ ]VÔR[ T^ X^]YZX\YZ^ S]X U\RV\X] OX\L^ T\YY^ U[Y WE\RV^W^[ T^ Q[T]XY] Z]UY[K W[O^] D:AC ] UI] Q]YZX] W\ Q\OO^[X S\XZ] T]^ X^]YZX\YZ^ Y[Y SX\ZÛI]X. ^W Z]XX[X^VQ[ RY\ Q^Y[X\YH\ S]X [X\ Y[Y <R\YZ^JÛ\M^W] W[ J\X. D:;CN FY V^YZ]V^P JX\ W] S[Z]YH^\W^ \H^[Y^ S]K XÛ[W[V] UI] ^ @U[QM\ZZ]YZ^ VZX\Y^]X^? S[VV[Y[ U[QQ]ZZ]X] RY\ L[WZ\ X^]YK ZX\Z^ Y]^ 7\]V^ T^ SX[L]Y^]YH\ V[Y[ \YY[L]X\M^W^ W\ X\TÛ\W^HH\H^[Y] T^ \WZX^ ]W]Q]YZ^ L\YZ\YT[V^ T]WW] W[X[ ^QSX]V]" W\ J\U^W^Z\H^[Y] T]WW\ ZX\K VJ]XZ\ T^ X]UWRZ] L]XV[ W] H[Y] T^ U[YJW^ZZ[ L^[W]YZ[ [JJX]YT[ W[X[ OR^T\ ] U[YZ\ZZ^" WE^YL^[ T^ J[YT^ ]1[ ]<R^K

S\OO^\Q]YZ[ ^Y V[VZ]OY[ T^ J\H^[Y^ \ZZ^L] ^Y <R]WW] H[Y]" W\ XÛ]XU\P T[S[ RY S]X^[T[ T^ X^S[V[P T^ \WZX^ W^T^ T[L] SX]VZ\X] W\ W[X[ [S]X\ L^[W]YZ\" ] ^W U[QS^K Q]YZ[ T^ \ZZ^ Z]XX[X^VZÛ^ Y]W WR[O[ T^ X]V^T]YH\ D:=CN 7]X <R\YZ[ XÔR\XT\ OW^ \ZZ^ Z]XX[X^VZÛ^ T\ S\XZ] T^ @$Î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Û]YZ] GZ\Z[ FVW\QÛ[ Q]ZZ] ^Y TRMM^[ WE]JJÛ\U^\ T^ <R\YZ[ V^\ VZ\Z[ J\ZZ[ ^Y UU^T]YZ] ' ] S\XZÛ[W\XQ]YZ] ^Y 0RX[S\ \ V]OR^Z[ T]WWE^Y\ZZ]V\ ZX\O]T^\ T]WWEBB V]ZZ]QMX] T]W A>>B ' S]X W\ U[QSX]YV^[Y] T]W X\TÛ\W^VQ[ ] Z]XX[X^K VQ[ ^VW\QÛ[ ] T]WW] U\RV] UI] WEI\YY[ SX[T[ZZ[ D::CN F SX[MW]Q^ T\ X^V[WL]X] V[Y[ Q[WZ]SWÛ^N (]W V]ZZ[X] T]WWELHFJEEL;JHCJP ^YZ]V\ U[Q] X\UU[WZ\ ] \Y\W^V^ T]WW] ^YJ[XQ\H^[K Y^ SX[S]T]RZÛI] \WWE\T[H^[Y] T^ RY\ S[W^ZÛ\ T^ VÛRX]HH\P 5 Y]U]VV\X^[ T\X] RY\ Y[Y J\U^W] X^VS[VZ\ \ T]^ <R]V^Z^ J[YT\Q]YZ\W^

@ R\YZ^ ] UI^ V[Y[ ^ @U[QM\ZZ]YZ^ VZX\Y^]X^?P Z\YZ[ <R]WW^ UI] S\XZ[Y[ Z\YZ[ <R]WW^ UI] X^]YZX\Y[ ?"

@ ^ <R\W^ ] <R\YZ] X^V[XV] T^VS[YK O[Y[ U[VZ[X[ ?"

@ R\YZ^ ] UI^ V[Y[ ^ L[W[YZ\X^ ]VZ]X^ ^QS]OY\Z^ ^Y FX\< ] G^X^\ SX]U]T]YZ]Q]YZ] \JJ^W^\Z^ [SSRX] Y[Y \JJ^W^\Z^ \ U[YOX]OI] ]VZX]Q^K VZ] ?"

@ R\W^ V[Y[ ] T[L] V^ ZX[L\Y[P SX]U^V\Q]YZ]P W] VZXRZZRX] J[XQ\W^ [ ^YJ[XQ\W^ T^ X]UWRZ\Q]YZ[ ?"

@ R\YZ^ ] <R\W^ U[QM\ZZ]YZ^ VZX\K Y^]X^E V^ V[Y[ \VV[U^\Z^ \ U^\VURY\ \OOX]O\H^[Y] $^I\T^VZ\E ?"

@ R\W^ U[QS^Z^ VL[WO[Y[ [ I\YY[ VL[WZ[ [S]X\Z^L^P W[O^VZÛ^P SX[S\K O\YT^VZÛ^ ? D:2CN ([Y 5 S[VV^M^W] T\X] X^VS[VZ\ \ <R]K VZ^ ^YZ]XX[O\Z^L^ ^Y \VV]YH\ T^ RY Q[K Y^Z[X\OO^[ Q^X\Z[ XÔR\XT\YZ] V^\ W\ SX]V]YH\P ^ Q[L^Q]YZ^ ] W] U[QRYÛ\H^[Y^ T]WW] S]XV[Y] \WWE^YZ]XY[ T]W Z]XX^Z[K X^[ Y\H^[Y\W] ] WRYO[ W] JX[YZ^]X]P V^\ ^W JWRVV[ [ ^W ZX\VJ]X^Q]YZ[ T^ M]Y^ ] U\S^K Z\W^N +\W] Q[Y^Z[X\OO^[ SR XÛI^]T]X] WE^YJ^WZX\H^[Y] ^YT^X]ZZ\ [ T^X]ZZ\ ^Y \QK M^]YZ^ V[VS]ZZ^N )E[S]X\ T^ Q[Y^Z[X\OO^[ Y]U]VV^Z\P ^Y[WZX]P T^ ]VV]X] \JJ^\YU\K Z\ T\WW\ VS]VV[ SX[MW]Q\ZÛ\ U[YT^L^V^[Y] T^ S]XZ^Y]YZ^ ^YJ[XQ\H^[Y^ JX\ GZ\Z^N !Y\ X^VS[VZ\ VRJJÛ^]YZ]Q]YZ] ]V\RX^]YZ] \^ SX]T]ZZ^ ^YZ]XX[O\Z^L^ J\U^W^Z]X]MK M]P ^Y SX^Q\ M\ZZRZ\P WE^QS[VZ\H^[Y] T]^ Q]UU\Y^VQ^ S]X L\WRZ\X] U[YUX]Z\K Q]YZ]P V^\ Y]W VR[ ^YV^]Q] V^\ Y]^ U\V^ VS]U^JÛ^P ^W S]XÛ[W[ S[VZ[ T\^ @U[QK M\ZZ]YZ^ VZX\Y^]X^? ]P ^Y V]U[YT\ M\ZZRZ\P WE\T[H^[Y] T]WW] Q^VRX] ^T[Y]] Y]^ W[X[ U[YJX[YZ^ UI]P \ V]U[YT[ T]^ U\V^P S[VV[Y[ XÔR\XT\X] W\ SX]L]YH^[K Y]P W\ X]SX]VV^[Y] [ W\ X^\M^W^Z\H^[Y]1X]^YZ]OX\H^[Y]P V[ZZ[ <R]VZERWZ^Q[ \VS]ZZ[ U[Y WE]L]YZR\W] U[WW\M[X\H^[Y] T^ ]W]Q]YZ^ @$Î\T^VZ^? X\LL]TRZ^ ] [XK O\Y^HH\H^[Y^ SX^L\Z]N )E^QS[VZ\H^[Y] T]WW\ S[W^ZÛ\ T^ U[YZX\VZ[ 5 U[YT^H^[Y\Z\ T\WWE]Z]X[O]Y]\ S]XK U]H^[Y] T]^ V^YO[W^ GZ\Z^ Y]^ U[YJX[YZ^ V^\ T]WW\ Q^Y\UU^\ ] T]WW\ X^VS[VZ\ V^\ T]OW^ VS]U^JÛ^ ^YZ]X]VV^ Y\H^[Y\W^ T^ L\X^\ Y\ZRX\ T\ ZRZ]W\X] D:6CN G[Y[ VZ\Z^ U^Z\Z^P U[Q] ]V]QS^ T^ <R]VZ\ SX[MW]Q\ZÛ\P ^W J\U^W] X^W\VU^[P T^]ZX[ U[QS]YK V[P T^ S\VV\S[XZ^ ]RX[S]^ U[Y S\XZÛ[W\X] X^J]X^Q]YZ[ \ ,\WZ\ D:4C" WE\U<R^VZ[

T\ S\XZ] T]WW\ +RXUI^\ T^ S]ZX[W^[ J[XK Y^Z[ T^ U[YZX\MM\YT[ T\WWEFGFG1FG \ SX]HH^ T^ VL]YT^Z\ WRYO[ W\ JX[YZ^]X\ U[Y G^X^\ ] FX\< D:3C" ^W S\O\Q]YZ[ T^ X^VU\ZZ^ S]X <R\ZZX[ [VZ\OO^ JX\YU]V^P UI] \LX]MM] JXRZZ\Z[ \WWEFGFG1FG B4 Q^W^[Y^ D2>C" ] W\ V[ZZ[L\WRZ\H^[Y] T]WW\ Q^Y\UU^\ T]WWEFGFG1FG T\ S\XZ] T]^ 7\]V^ T]WWE0RX[S\ U]YZX\W] D2BCN VZ\Z[ X^VU[YZX\Z[ UI] W\ X\TÛ\W^HK H\H^[Y] \MMX\UU^\ ^W S]X^[T[ UI] SX]U]T] W\ S\XZ]YH\ T]^ @U[QM\ZZ]YK Z^ VZX\Y^]X^?P ^W X\JJ[XH\Q]YZ[ T]WW\ VZ]VV\ TRX\YZ] ^W V[OO^[XY[ ^Y \X]\ [S]X\Z^L\ ] W\ S]XS]ZR\H^[Y] VRUK U]VV^L\ \W X^]YZX[ D2ACN *WW[ VZ]VV[ Z]QS[ W] X^V[XV] T^VS[Y^M^W^ ^Y Q[WZ^ 7\]V^ Y[Y V[Y[ VRJJÛ^]YZ^ S]X ^W Q[K Y^Z[X\OO^[ T^ [OYRY[ T^ <R]VZ^ \VS]ZZ^ D2;CN ,]YZX] V\X]MM] RZ[S^VZÛ[ SX]V\O^K X] W\ X^V[WRH^[Y] Z[Z\W] T]WW] SX[MW]K

Q\ZÛI] UI] [X\ T]L[Y[ ]VV]X] \JK JX[YZ\Z] ] <R]WW] UI] V^ SX]V]YZ]K X\YY[ ^Y JRZRX[ Y]W U[YZ]VZ[ T]WK WEFGFG1FG ] T]W J]Y[Q]Y[ S^ L\VZ[ T]W @$Î\T^VQ[?P RY\ Q\OO^[X] \ZK Z]YH^[Y] Y\H^[Y\W] ] U[WW]ZZ^L\P S\XK ZÛ[W\XQ]YZ] U[Y WE^QS^]O[ T]WWELHFJE3 EL;JHCJ SX]Q[Y^Z[X^\P \WW] Q^Y\UU] ] X^VUI^ SR U[YZX^MR^X] V[VZ\YH^\WK Q]YZ] \W X]W\Z^L[ U[YZ]Y^Q]YZ[ ] \WK W[ VJXRZZ\Q]YZ[ [ZZ^Q\W] T]WW] X^V[XK V] T^VS[Y^M^W^N 6IEIHHJEEI BJEE24DJGCLFI BJ;EL =FKFL 'HLFL B20@JGLCK )GLD7*8 6KAI BJE LAKGFL@JHFI BL =CLJH/J >H:IG@KFL9J AJG EK =LC?GJ//K BJEE2'HL9JGDLF +IAIEKGJ '#>#54==

$#%! DBC 7]X RY ^Y<R\TX\Q]YZ[ T]^ J^Y^P VZXRZZRX\P T^Y\QÛI]P J[YZ^ T^ V[VZ]OY[ ] VL^WRSS^ T]WWEFGFG1FG Y]WW[ VS]ZZX[ S[Z]YH^\WQ]YZ] SX[OX]VV^L[ T]WW\ U[YJW^ZZR\W^Z. Y[Y U[YL]YK H^[Y\W] L]T^ %^ZZ[XJX\YU[ 7^V\Y[P ,I =FKFI >DEK@LCI BL >GK J =LGLK -L:EJDDLIHL D? 5JGGIGLD@I8 +GIAK;KHBK J LDLH:IG@K/LIHJP @ ^L^VZ\ ,^W^Z\X]? B1A>B:N DAC )E^YZ]X[ Z]VZ[P ZX\T[ZZ[ ^Y W^YOR\ ^YOW]V]P 5 X^S[XZ\Z[ ^Y \SS]YTÛ] ^Y K;H?D -KH3 DFIGAP @FYZ]XSX]Z^YO ZI] /X[\T]X 9[YZ] Z \YT ,]\Y^YO [J M^Y )\T^YEV 8\Z \?P @GZRT^]V ^Y 9[YJWÛZ \YT +]XX[X^VQ?P )[YTX\P [ZZ[MX]KTÛ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Û\W +IX]\ZV?P B V]ZZ]QMX] A>B=N D3C 9[Q] U^Z\Z[ ^Y #R^T[ W^QS^[P #IH DJG9J ?H IGBLHJ BKEE2KEFI7 LE ALKHI BJL @LEEJ FK;EL$ AJG :KG DKH;?LHKGJ E2 CCLBJHFJP @9[XX^]X] T]WW\ G]X\?P A; TÛ]QMX] A>B=N DB>C N8NP >E 9LBJI BL 6I?EL1KE. CIH F?HLCK J @LFGK& DIHI BJEE2>=>=8 9IL CIEALFJ J HIL GJK;LK@IP @9[XX^]X] T]WW\ G]X\?P BA O]YY\^[ A>B:N DBBC %]T^ #R^T[ W^QS^[P >E 9LBJI BL 0E KJBK& 0 IGBLHKGJ E2KFFKCCI LE CKAI 0E K%K<L3 GLP @9[XX^]X] T]WW\ G]X\?P B: O]YY\^[ A>B:N %]T^ \WZX]V X]Y *T\&^P 0 0+ GJEJKDJD LH:I;GKA<LCD BJFKLELH; KFFKC(DP @+I] )[YO \X [RXY\W?P A: O]YY\^[ A>B:N DBAC %]T^ 0W \XQ[YP !L<KBL FJGGIG LH 4?GIAJP @+I] ]XRV\W]Q 7[VZ?P 3 J]MMX\^[ A>B:N DB;C ÛI\XT /\XX]ZZP @8[X]ÔY 8ÔIZ]XV ^Y G X^\?P +I] G[RJ\Y #X[RSP (] [X&P O^RK OY[ A>B=P SN BA D[S]X\ T^ V]OR^Z[ U^Z\Z\ U[Q] /\XX]ZZP @8[X]ÔY 8ÔIZ]XV?CN DB=C G\Q ,RWW^YVP IGJL;H L;<FJGD LH =.GLKP @7]X 9[YU[XT^\Q?P #][XO] 9N ,\XVI\WW 9]YZ]X J[X 0RX[S]\Y G]URX^Z GZRT^]VP %[WN :P ([N ;P V]ZZ]QMX] A>B=P SN ;4N DB:C N G&^TQ[X]P @8[X]ÔY 8ÔIZ]X FYL[WL]Q]YZ ^Y G X^\?P FYZ]XY\Z^[Y\W FYVZ^ZRZ] J[X 9[RYZ]XK+]XX[X^VQP ]XHW^ \P O]YY\^[ A>B=P SN :N DB2C #X]O ,^WW]XP 0LGDFGL(JD K;KLHDF >DEK@LC =FKFJ BI HIF DJJ@ FI <K9J K::JCFJB :EI% I: :L;<FJG FI =.GLKP @+I] \VI^YOZ[Y 7[VZ?P ;> [ZZ[MX] A>B=N DB6C +X\J^W]ZZ[ \SS\XV[ VRW @9[XX^]X] T]WW\ G]X\?P A4 J]MMX\^[ A>B:P SN B6N DB4C ,RWW^YVP [SN U^ZN SN ;2N DB3C /\XX]ZZP @8[X]ÔY 8ÔIZ]XV?P SNB=N DA>C ,^WW]XP [SN U^ZN DABC G&^TQ[X]P [SN U^ZNP SN ;3N DAAC /\XX]ZZP @8[X]ÔY 8ÔIZ]XV?P SN 3N !YE\WZX\ J[YZ] X^S[XZ\P ^YL]U]P ;N=>> U[Q] SX[K L]Y^]YZ^ T\WWE UU^T]YZ]N %]T^ ZX\J^W]ZZ[P @9[XX^]X] T]WW\ G]X\?P A4 J]MMX\^[ A>B:P SN B6N DA;C 0X^Y ,\X^] G\WZQ\YP 9I\XW^] ^YZ]XP @FVW\QÛ GZ\Z] +I] 9I\YO^YO 8\U] [J ,[K T]XY Î\T^VQ?P R^WW^\QP A>B=P SN =:N DA=C ,RWW^YVP [SN U^ZNP SN ;4N DA:C %]T^ 8^[X]YH\ G\XH\Y^Y^P 5GK L CI@1KFFJHFL LFKELKHL KHC<J ?HK BIHHKP @9[XX^]X] T]WW\ G]X\?P B> O]YY\^[ A>B:N DA2C G\WZQ\Y ^YZ]XP [SN U^ZNP SSN BB ] =:N DA6C /\XX]ZZP @8[X]ÔY 8ÔIZ]XV?P SN B6N DA4C G&^TQ[X]P [SN U^ZNP SN B2N DA3C )\ Q\YU\YZ] T^VS[Y^M^W^Z. T^ RY\ U\V^VZÛ\ ]V\RX^]YZ] S]XQ]ZZ] V[W[ T^ U^Z\X] \ Z^Z[W[ T^ ]V]QS^[ ^ S[UI^ U\V^ VRJJÛ^]YZ]Q]YZ] Y[Z^P U[Q] T^Q[VZX\Z[ ^Y )[X]YH[ %^T^K Y[P 4?GIAJKH !L<KBLDFD LH =.GLK& +GI:LEJD8 5GK9JE +KFFJGHD KHB "I9JGH@JHFKE -J3 DAIHDJDP ^Y *YTX]\ 7W]M\Y^ D\ URX\ T^CP @(] D\YT [WTC S\ZZ]XYV [J $Î\T^VQ \WK \E^T\P ZI] FVW\QÛ GZ\Z] \YT /] [YT?P FG7FP ,^W\Y[P A>B=N D;>C +I] ,]^X *Q^Z FYZ]WWÔ]YU] \YT +]XX[X^VQ FYJ[XQ\Z^[Y 9]YZ]X DVRUU]VV^L\Q]YZ] X^S[XZ\Z[ ^Y Y[Z\ U[Q] ,]^X *Q^Z 9]YZ]XCP @FGFG 7[XZX\^Z [J \ Î\T^ +]XX[X^VZ XO\Y^K H\Z^[Y?P FVX\]W^ FYZ]WWÔ]YU]P SSN ;K=N D;BC \ZI #^WV^Y\YP !L<KB8 1. 6G?LDJ =<LAP @+I] *ZW\YZÛ?P 6 Y[L]QMX] A>B=N

D;AC G&^TQ[X]P [SN U^ZNP SN =6N D;;C FM^TP SN =6N D;=C %]T^ *WW]Y ,U RJJ]]P 0CFL9LDFD& >=>= >D #I% ,K?HC<LH; 0FFKC(D GI@ >HDLBJ 5?G(J.P @+I] *ZW\YZÛ?P A3 Y[L]QMX] A>B=N D;:C FM^TP SN 2N D;2C /\XX]ZZP @8[X]ÔY 8ÔIZ]XV?P SN B4N D;6C G&^TQ[X]P [SN U^ZNP SN 6N D;4C FM^TNP SN =4N D;3C /\XX]ZZP @8[X]ÔY 8ÔIZ]XV?P SN B4N D=>C FM^TP SN A>N D=BC G&^TQ[X]P [SN U^ZNP SSN B= ] B4N D=AC /\XX]ZZP @8[X]ÔY 8ÔIZ]XV?P SN ABN D=;C ,RWW^YVP [SN U^ZNP SN ;6N D==C G&^TQ[X]P [SN U^ZNP SN BAN D=:C /\XX]ZZP @8[X]ÔY 8ÔIZ]XV?P SN B6N D=2C FM^TP SN A>N D=6C %^T^Y[P [SN U^ZNP SN ;3N D=4C G&^TQ[X]P SN B2N D=3C FM^TP SSN 6K4 ] %^T^Y[P [SN U^ZNP S N;BN D:>C ,]^X *Q^Z 9]YZ]XP SN =N D:BC %^T^Y[P [SN U^ZNP SSN ;BK;; ] G&^TK Q[X]P [SN U^ZNP SN 3N D:AC /\XX]ZZP @8[X]ÔY 8ÔIZ]XV?P SN 6N D:;C ,RWW^YVP [SN U^ZP SN ;3N D:=C_FM^TNP SN ;3 ] G&^TQ[X]P [SN U^ZNP SN 4N D::C /\XX]ZZP @8[X]ÔY 8ÔIZ]XV?P SN 6N D:2C 7]X RWZ]X^[X^ U[YV^T]X\H^[Y^ L]T^ 7]Z]X N (]RQ\YP @G X^\Y 8[X]ÔY 8^K OIZ]XV B> R]VZ^[YV J[X #[L]XYQ]YZ?P +I] FYZ]XY\Z^[Y\W 9]YZ]X J[X ZI] GZRT [J \TÛ\W^V\Z^[YP )[YTX\P AB Y[L]QMX] A>B; ] /\XX]ZZP ^M^TP SSN AB ] A2N D:6C %]T^ 8]W^ *XZ]\O\P 5<J 4?GIAJKH 'HLIH2D GIEJ LH F<J :L;<F K;KLHDF >=>=P @0RX[S]\Y !Y^[Y )]\T]XVI^S (]Z [X&?P ;> V]ZZ]QMX] A>B=N D:4C 8\RVZ[ /^W[VW\L[P +KDDKAIGFL '4 LH 9JHBLFK J L FJGGIGLDFL GLH;GK/LKHIP_@FW_#^[XK Y\W]?P BB Y[L]QMX] A>B=N D:3C +X\J^W]ZZ[ ^YZ^Z[W\Z[ ,K 5?GC<LK CI@3 AGK LE AJFGIELI BJEE2>=>=P @FW #^[XY\W]?P B= V]ZZ]QMX]P A>B=N D2>C ÛI\XT /\XX]ZZP @+I] FVW\QÛ GZ\K Z]?P +I] G[RJ\Y #X[RSP (] [X&P Y[K L]QMX] A>B=P SN =4N FW V[VS]ZZ[ UI] X^K VU\ZZ^P U[Y X]W\Z^L] U[YV]OR]YH]P V^\K Y[ VZ\Z^ S\O\Z^ XÔR\XT\ \WZX^ 7\]V^P ^YK UWRV\ \YUI] X]U]YZ]Q]YZ] WEFZ\W^\N %]T^ G]XO^[ [Q\Y[P ,J GK;K//J GKALFJ LH =LGLK7 5?FFL L CIDFL BJE GLDCKFFIP @9[XX^]X] T]WW\ G]X\?P A> O]YY\^[ A>B: ] *WM]XZ[ ,\ZZ[Y]P K K;BKB K K1?E8 CID E2>FKELK <K FGKFFKFIP @)\ ]SRMMWÛ\?P B> \SX^W] A>>6N D2BC \US]X ]&\L]&P 5<J ) LDFK(JH* 6I@AEKCJHC. IH >=>= LH 6JHFGKE 4?GIAJP @0RX[S]\Y )]\T]XVI^S (]ZK [X&?P A [ZZ[MX] A>B=N D2AC G&^TQ[X]P [SN U^ZNP SN 6N D2;C /\XX]ZZP @8[X]ÔY 8ÔIZ]XV?P SN 6N

Tachifludec Ă¨ un medicinale. Non utilizzare nei bambini di etĂ inferiore ai 12 anni. Tachifludec allâ&#x20AC;&#x2122;aroma Arancia Rossa Ă¨ un medicinale solo per adulti. Leggere attentamente il foglio illustrativo. Autorizzazione del 07/11/2014.

NMJPUBTOT@ TOT T TRS U JR KUTS T LTT URRTT DU TO 9UVNV LSLTMVNTIS 9UVN 9U 9 UV VNV NV V VPU PPU U TTOO L LSLT LS SL LTMV TMMVNT VNNTIS TI IS S KPSLJQQSPV KPSL KP K PS SLJQ S LJ JQQS QQQSPV SPV VL LTT UJQSISBTOT UO ISRLS@ 6?TRLJNQPTU LVOOU LTDVNU KPSLJMV >; :?8? BOTRLUQT 1$0 V 592C ITNNTOT %MSIKPVNT 1+$1C <51 V 2PJTNV&C NTNQVIT PULUPC RUFT ITOTQUPT V URMEV JR MUMMTU OVHHVPS@ 1U TO KURSA PUIU TRLJNQPTUOV ISNQPU URMEV HPUFT MUPVRGVC NSKPUQQJQQS RVOO?TRLJNQPTU OVA HUQU UOO?VNQPUGTSRV V UOOU OUFSPUGTSRV LVO KVQPSOTSC MEV KPSLJMV UJQSRSIUA IVRQV NSOS TO :) LVT IURJDUQQT TRLJA NQPTUOT RVMVNNUPT@

?UMMSPLS NJO KPSHPUIIU RJMOVUPV TR >PUR V OU KPVFTNTSRV LT JRU PTLJA GTSRV LVOOV NURGTSRTC KJP MSR OU RVMVNNUPTU KPJLVRGUC EU KPSFSMUQS JR MOTIU LT HPURLT UNKVQQUQTFV QPU OV TIKPVNV V HOT SKVPUQSPT VMSRSITMT TQUOTURT VL VJPSKVT@

VOO >PUR NT = QPUQQUQS ;JSQTLTURUIVRQV U OTFVOOS TRQVPRUGTSRUOV TR ;JVNQT IVNTC IU KSMET NURRS FVPUIVRQV MSNU NQTU PVUOIVRQV NJMMVLVRLS UOO?TRQVPRS LVO 9UVNV@ <VHJTPRV OU KSOTQTMU = JR MSIKTQS ISOQS MSIKOVNNSC U MUJNU LVOO?TRA QPTMUQU V KVPNTNQVRQV MSIITNQTSRV LT UJQSPTQ4 OUTMEV V PVOTHTSNVC DUGTSRT KT8 S IVRS VNQPVITNQV VL VNQVRJURQT OSQQV LT KSQVPV@ >O NTNQVIU VMSRSITMS TPURTURS = JR MSUMVPFS LT QPV DUQQSPT KPTRMTKUOT KPSKPTVA Q4 NQUQUOVC KPSKPTVQ4 LVHOT VRQT PVOTHTSNT V KPSKPTVQ4 KPTFUQU@ 6V UGTVRLV OVHUQV UHOT VRQT PVOTHTSNT V UOOV ITOTGTV PTFSOJGTSRUPTV EURRS SQQVRJQS TO ISRSKSOTS LVA HOT UKKUOQT V LVOOV MSIIVNNVC U KPVNMTRLVPV LU VDDTMTVRGU V KPSLJQQTFTQ4@ > 6@79@=@; MSRQPSOOURS MTPMU JR QVPGS LVOO?VMSRSITU UQQPUFVPNS NSMTVQ4 MSRA QPSOOUQV V <=57<C OV ?; @9C HPURLT DSRLUGTSRT PVOTHTSNV VNVRQT LU QUNNVC MSRA QPSOOURS U OSPS FSOQU SOQPV TO /:) LVO 9>6 V TO OSPS DTRURGTUIVRQS PUKKPVNVRQU KT8 LVO !:) LVOOU NKVNU LVO HSFVPRS MVRQPUOV@ .OQPV MEV LU ;JVNQV SPHURTGA GUGTSRTC OU MPVNMTQU LVO NVQQSPV KPTFUQS = NSDDSMUQU LU MSRQPUBBURLSC BJPSA MPUGTU V MSPPJGTSRV KPSDSRLU V LTDDJNU@ 6?TRDOUGTSRV EU QSMMUQS TO /"A!:)C IVRQPV OU NFUOJQUGTSRV RVHOT JOQTIT URRT EU KSPQUQS U ITRTIT =A8?=9 TO PTUO NJO LSOOUPS@ >RVFTQUBTOIVRQVC OU MPTNT VMSRSITMU NT = NMUPTMUQU NJOO?SMMJKUGTSRV OU KVPA MVRQJUOV LVT NVRGU OUFSPS = LU URRT NVIKPV U LJV MTDPVC MSR MSRNVHJVRGV URMSPU KT8 KVNURQT MEV RVT 9UVNT SMMTLVRQUOTC KSTME SOQPV LJV QVPGT LVHOT TPUA RTURT EURRS IVRS LT !: URRT %OU KSKSOUGTSRV = KT8 MEV PULLSKKTUQU QPU TO *' : V TO /:::& V TO IVPMUQS LVO OUFSPS RSR PTVNMV UL UNNSPBTPOT@ 2SN O?>PUR NQU NKVPTIVRQURLS JRU DSPQTNNTIU -DJHU LT MVPFVOOT, V JRU MSRNTNQVRQV VITA HPUGTSRV HTSFURTOV MET PVNQU MSRNTLVPU NKVNNS O?SKGTSRV LT VRQPUPV RVOOV FUA PTV SPHURTGGUGTSRT KUPUITOTQUPT@ 9VP RSR DUP HPUFUPV SOQPV ITNJPU T KPSBOVIT LVOO?VMSRSITU NJOOU KSKSOUGTSRVC = NQUQS TRNQUJPUQS JR MSRQPSOOS NJT KPVGGT V JR NTNQVIU LT NJNNTLTC TR KUPQTMSOUPV NJT KPSLSQQT UOTIVRQUPT V O?VRVPHTU VOVQQPTA MUC MEV EU KPSFSMUQS KT8 KPSBOVIT MEV NSOJGTSRTC DSPQT NKPVMET V MSPPJGTSRV@ SRSNQURQV MT C OV MUKUMTQ4 TRLJNQPTUOT V QVMRSOSHTMEV TPURTURV RSR NSRS QPUA

88?=9? 9> #?7@;;@ 9A: @6=>:A $(

+: ?:3? A=7>8?, >; 6@=<>8?:@=A >: 75? 8?::? 9> -?<<>.:>@ 9A::? )<=A<<? 9> ?=452, 5;@ 2?;@ 7<=@<A.>8@ 6A= :! 88>9A;<A1 5> 5;@ 6>@<<@3?=4@ 6A& <=?:>3A=@ >=@;>@;@ >; 3>@44A 95=@;<A :!.KVPUQTSR 9PU TRH 1URQTN @4A=>8@& ;@ 9A: (% @6=>:A ( %%, 95=@;<A :@ .5A==@ <=@ +=@; A +=@ /<<6'**0A-147<1A95

>O (SODS 9VPNTMS PVNQU OU KPTRMTKUOV GSRU LT UKKPSFFTHTSRUIVRQS UO ISRLS KVP T MSIBJNQTBTOT DSNNTOTC V O?>PUR KSNNTVLV TO *:) LVOOV PTNVPFV MSRSNMTJQV LT KVQPSOTS V TO *") LT ;JVOOV LT HUN RUQJPUOV@ #KKJPVC RVO HTJHRS /:: C TO ;JUPQS VNQPUQQSPV LT KVQPSOTS UO ISRLS = NQUQS MSNQPVQQS U PUGTSRUPV OU BVRGTRU@ JVA NQS UKKUPVRQV KUPULSNNS NT NKTVHU MSR OV HPUFT LTDDTMSOQ4 MEV TO 9UVNV EU TRA MSRQPUQS DTRS U SHHT U DUP PUDDTRUPV TO KPSKPTS KVQPSOTS UOO?VNQVPS U MUJNU LVOOV NURGTSRTC FTNQU OU IURMURGU TR KUQPTU LT QVMRSOSHTV ULVHJUQV UOOU OUFSPUGTSA RV LVO KVNURQV HPVHHTS@ >RDUQQTC OV PUDDTRVPTV NSLLTNDURS KSMS KT8 LVO ":) LVOOU LSIURLU OSMUOV LT BVRGTRUC V URMEV ;JVNQS NSOS HPUGTV UOOS NQTISOS LT MSRNTNQVRQT NJNNTLT NQUQUOT@ 6U NMVOQU TPURTURU LT DUP KUPQV LVOO?UPVU VJPSUNTUQTMU %<2.& EU KVPIVNNS LT MSRQVRVPV OU NTQJUGTSRV RVHUQTFU HPUGTV UOOU LSIURLU UNTUQTMU LT MSIBJNQTA BTOT DSNNTOTC MPVNMTJQU VRSPIVIVRQV TR ;JVNQT JOQTIT URRT@ #PU LVO PVNQS TRVFTQUA BTOV MEV OU 2TRU HJUPLUNNV NVIKPV KT8 FVPNS TO (SODS 9VPNTMSC RSR VNTQURLS U NQPTRHVPV DSPQT UMMSPLT MSR O?>PUR KVP OS NDPJQQUIVRQS LVT NJST HTUMTIVRQT LT KVQPSOTSC TR ;JVNQS NVHJTQU LUOO?>RLTU@ 6U DPVLLVGGU LVOOV MSIKUHRTV KVQPSOTDVPV TRQVPRUGTSRUOT RSR = LUQU NSOS LUOA OU RVMVNNTQ4 LT PTNKVQQUPV OV NURGTSRT VMSRSITMEVC IU URMEV LUOO?UQQTQJLTRV UO -KPVRLVPV S OUNMTUPV, FVPNS HOT TRFVNQTQSPT VNQVPT MEV RSR = NQUQU LVO QJQQS UBA BURLSRUQU RVIIVRS LT DPSRQV UOOU NVIKPV KT8 KVNURQV RVMVNNTQ4 LT MUKTQUOT KVP OV QPTFVOOUGTSRT ?337/?=A RVO 1UP 2UNKTS V KVP OV RJSFV KPSNKVGTSRT KVQPSA OTDVPVC UFFTUQV U MUJNU LVO NVPTS LVMOTRS KPSLJQQTFS LVT IUQJPT V HT4 UIKTUA IVRQV NDPJQQUQT HTUMTIVRQT KVQPSOTDVPT@ <VRGU TRQVPFVRQT NSNQURGTUOTC TO PTNMETS MEV TO MSNQS LT VNQPUGTSRV KVP BUPTOV NJKVPT TO KPVGGS NQVNNS LVO BUPTOV NJO IVPMUQS TRQVPRUGTSRUOV = PVUOV@ 6U PVMVRQV LTITRJGTSRV LVT KPVGGT LVO HPVHA HTS EU UFJQS DSPQTNNTIV PTKVPMJNNTSA RT@ 6?>PUR EU UMMJNUQS O?5PUBTU <UJA LTQU LT UFVP LVOTBVPUQUIVRQV PTDTJQUQS LT QUHOTUPV OU NJU KPSLJGTSRV LT KVA QPSOTS KVP TRLVBSOTPOS@ <VMSRLS O? 1>C TO HSFVPRS TPURTURS LSFPVBBV TRDUQQT FVRLVPV TRQSPRS UT *!: LSOOUPT UO BUA PTOV KVP MSKPTPV MSIKOVQUIVRQV OU KPSKPTU NKVNUC MSRNTLVPUQS MEV T KPSFVRQT LVO KVQPSOTS PUKKPVNVRQURS SOQPV TO :) LVOOV VRQPUQV KJBBOTMEV@ SR NMVFPS LU KPSBOVIUQTMEV = URA MEV TO NVQQSPV LVO HUNC LT MJT O?>PUR = TO QVPGS MSRNJIUQSPV LSKS <QUQT RTA QT V +JNNTU@ >O NVIKPV IUHHTSPV JNS MEV FTVRV DUQQS LVO HUN RUQJPUOVC KPTRMTKUOIVRQV KVP OU PVATRTVGTSRV LVT KSGGT LT KVQPSOTSC KVP TO PTNMUOLUA IVRQS LSIVNQTMS V MSIV UOQVPRUQTA FU UOOU BVRGTRU KVP UJQSQPUGTSRVC EU LT DUQQS MSRQPUQQS OV HPURLT KSQVRGTUA OTQ4 LVO 9UVNV TR ;JVNQS NVQQSPV@ >O LTOVIIU SHHT = QPU LVNQTRUPV TO HUN RUQJPUOV UO MSRNJIS TRQVPRS SKKJPV VNKSPQUPOS@ 2SRNTLVPUQS MEV TO /) LVOO?VRVPHTU VOVQQPTMU FTVRV KPSLSQQU JQTOTGGURLS TO HUN RUQJPUOV V MEV TO MSRNJIS LT VRVPHTU VOVQQPTMU = OU BUNV KVP T KPSHVQQT LT TRLJNQPTUOTGGUGTSRV LVO 9UVNVC NT MSIKPVRLV TO DSPQV TRQVPVNNV LVO HSFVPRS LT 0VEVPUR FVPNS TO RJMOVUPV MTFTOV@ 6?VOVQQPTMTQ4 TRDUQQT NMUPNVHHTU NVIKPV KT8C NSKPUQQJQQS LJPURQV T IVNT VNQTFTC V T QUHOT UOOU MSPPVRQV VOVQQPTMU NSRS SPIUT UOO SPLTRV LVO HTSPRS@ > ISQTFT LT JRU DJQJPU KSNNTBTOV SKGTSRV RJMOVUPV ITOTQUPV TPURTURU PVNQURS VNNVRGTUOIVRQV LJV@ >O KPTIS = MEVC KVP KPSTVQQUPV OU KPSKPTU TRDOJVRGU PVA HTSRUOVC = RVMVNNUPTS KSNNVLVPV JRS NQPJIVRQS ITOTQUPV KSQVRQV V MPVLTBTA OV@ <V OU HJVPPU MSRQPS O?>PU; LVHOT URRT .QQURQU = NQUQU MSR OV UPIT SMMTA LVRQUOT URMSPU DPVNMEV LT MSRNVHRU VPVLTQUQV LUOOS <EUEC MSR TO KUNNUPV LVO QVIKS ;JVNQV NSRS LTFVRQUQV NVIKPV KT8 SBNSOVQVC NKTRHVRLS FVPNS JRU KSOTQTMU UJQUPMETMU TRLJNQPTUOV RVO NVQQSPV LVOOU LTDVNU@ 1U TO IURQVRTA IVRQS LT JR HPURLV #NVPMTQS MSRFVRGTSRUOV = JR DUPLVOOS QPSKKS KVNURQV

#@;8>? 9> 5; 4>77>:A " >=@;>@;? )/@/@-& /<<6'**0001-:?.17<@;93?=>7=@A:1?=.

KVP JR?VMSRSITU LTNUNQPUQU MSIV ;JVOOU TPURTURU@ 2SN C MSIV MSR OU NQPUQVHTU VTNVRES VPTURU LVO A0 #?? LVHOT URRT 2TR;JURQUC TO RJA MOVUPV HUPURQTPVBBV JRU DSPGU ITOTA QUPV KPVKSRLVPURQV U JR MSNQS UMA MVQQUBTOV@ >O NVMSRLS ISQTFS TRFVMV = LUQS LUT DSPQT QTISPT MEV OV FTQQSPTV UIVPTA MURV RVOOV HJVPPV LVO (SODS LVO *''* V LVO /::! EURRS MUJNUQS RVOOU LTPTHVRGU TPURTURU@ 6V LJV MOUISPSNV NMSRDTQQV NJBTQV LUHOT TPUMEVRT EURRS LTISNQPUQS MEV JR DSPQV #NVPMTQS MSRFVRGTSRUOV RSR = MSIJR;JV JRU HUPURGTU MSRQPS KSNNTBTOT UQQUMMET VNQVPRT@ .HHTC LSA KS MEV TO PTQTPS UIVPTMURS LUOO?>PU; V OV FTMTNNTQJLTRT LVOOU 50. TR 5DA HEURTNQUR EURRS NSNQURGTUOIVRQV PTLTIVRNTSRUQS TO KVPTMSOS LT JR TRA QVPFVRQS LVOO?.MMTLVRQVC MEV SOQPVA QJQQS QPSFU RVO -2UOTDDUQS, TO NJS KPTRMTKUOV RVITMS RVOO?UPVU IVLTSA PTVRQUOVC O?SKGTSRV RJMOVUPV = MSRA NTLVPUQU NSKPUQQJQQS MSIV JRS NQPJA IVRQS LT KPVNNTSRV RVT MSRDPSRQT LVO HPURLV PTFUOV RVO (SODS 9VPNTMSC SNNTU O?5PUBTU <UJLTQU@ 2TRU V +JNNTU EURRS UKKSHHTUQS O?>PUR MSRQPS OV NURGTSRT SMMTLVRQUOT V EURRS DUFSPTQS O?UMMSPLS LT 6SNURRU LVO / UKPTOV /:*"@ 9VP OU +JNNTUC

"@66?=<? <=@ 6=A22? 9A: 6A<=?:>? A 9A3>8>< 9A: BJLHVQ 7<@<@:A ;A> @A7> A76?=<@<?=>1 ; 6=A22? 9A: 6A<=?:>? >;3A=>?=A @> ($$ 9?::@=> @: -@=>:A 4A<<A >; 9>33>8?:< ;?; 7?:? :!+=@;, 4@ @;8/A "577>@ A A;A25A:@ /<<6'**0001 ? 18?4

O?>PUR RSR = JRS -NQUQS MURUHOTU,C IU JR UQQSPV TRQVPRUGTSRUOV MSIV QJQQT HOT UOQPT@ UO KJRQS LT FTNQU PJNNSC RSR FT NUPVBBV NSNQURGTUOV LTDDVPVRGU MSR TO 9U TNQURC LSQUQSNT LT UPIT RJMOVUPT HPUGTV U JR KPSHPUIIU MOURLVNQTRS NJO ;JUOV O?.MMTLVRQV EU NSNQURGTUOIVRQV METJNS JR SMMETS V URME?VNNS 9UVNV MSR PUKKSPQT U LTP KSMS UIBTHJT MSR TO QVPPSPTNIS TNOUITMS@ <V UOO?>PUR IURMU -OU BSIBU,C EU KVP QJQQU OU QVMRSOSHTU RVMVNNUPTU KVP -PVA MUKTQUPOU, UT 9UVNT FTMTRT@ 6U MSPNU UT ITNNTOT BUOTNQTMT EU TRQVPVNNUQS O?5PUBTU <UJLTQU %MEV = PTJNMTQU LU KUPQV NJU U KPSMJPUPNT LTFVPNT 1+$1 LT KPSLJGTSRV MTRVNV& V O?>PUR MEV NQU NFTOJKKURLS LU ISOQT URRT OU NVPTV LVHOT -<EUEUB, %-1VQVSPU,&C FVPNTSRT NJ OTA MVRGU LVT RSPLMSPVURT - SLSRH,C U OSPS FSOQU BUNUQT NJT LTDDJNTNNTIT -<MJL, NSFTVQTMT@ R LVPTFUQS LT ;JVNQS ITNNTOV EU IVNNS TR SPBTQU BUNNU TO KPTIS NUA QVOOTQV UPQTDTMTUOV TPURTURS TO / DVBBPUTS /::'@ > RVHSGTUQT TR UQQS NVIBPURS ;JTRLT NSKPUQQJQQS LTPVQQT U MSRQPUNQUPV O?TRA DOJVRGU LVOOU +JNNTU MEV RSR NSOS = LTFVRQUQU TO 6@=<;A= KT8 NQPUQVHTMSC IU MEV MSR OU MSIJRV ITOTQURGU KPSA5NNUL EU LT DUQQS MSRNSOTLUQS NVIKPV KT8 T OVHUIT MSR TO PVHTIV LVHOT 5 UQSOOUE@ 6U MPVUGTSRV LT RJSFT MSPPTLST QVPPVA NQPT FVPNS T KSPQT TPURTURT EU LUQS UOOU VLVPUGTSRV +JNNU JR UMMVNNS FTPA QJUOV UO (SODS 9VPNTMSC JR RJSFS UNNV RSPLANJL MEV EU RSQVFSOIVRQV UIA KOTUQS OU KSNNTBTOTQ4 LT MSOOVHUIVRQT MSIIVPMTUOT MSR O?>RLTU V O?.PTVRQV TR HVRVPUOV@ 6 >PUR KST HSLV LT BJSRT PUKKSPQT LTKOSIUQTMT V MSIIVPMTUOT MSR QJQQV OV +VKJBBOTMEV V ANSFTVQTMEVC EU LT DUQQS IURQVRJQS JR BUNNS KPSDTOS TR 5NTU MVRQPUOV LSKS OU MULJQU LVOO RTSRV <SFTVQTMU V EU MSOOUBSPUQS KVP KSPPV DTRV UOOU LVFUNQURQV HJVPPU MTFTOV LVO 0UHT TNQUR RVO *'' V TRDTRV RSR EU MVPMUQS LT NSBTOOUPV OV KSKSOUGTSRT IJNJOIURV UOO TRQVPRS LVOOU NQVNNU VLVPUGTSRV@ > OVHUIT MSR OU 2TRU NT NSRS NFTOJKKUQT MSR IUHHTSPV PTQUPLSC IU NSRS MPVA NMTJQT VRSPIVIVRQV IUR IURS MEV O?VMSRSITU MTRVNV = LTFVRQUQU NVIKPV KT8 LTKVRLVRQV LUO KVQPSOTS IVLTSPTVRQUOV@ 0JQQUFTU OU 2TRU = KT8 UQQVRQU LVOA OU +JNNTU UOOV KSNTGTSRT UIVPTMURV@ 9VP 9VMETRS OU KPVNVRGU NQUQJRTQVRNV TR 5NTU .PTVRQUOVC URMEV UQQPUFVPNS UOOVUQT DTLUQTNNTIT MSIV (TUKKSRVC 2SPVU LVO <JL V 0UT URC = JR DUQQSPV HVSNQPUQVHTMS KT8 TIKSPQURQV LVO 1VLTS .PTVRQVC V OV ISNNV MTRVNT NSRS MSRLTGTSRUQV LU JRU FTNTSRV KT8 UIKTU LVT PUKKSPQT MSR UNETRHQSR@ SRSNQURQV O?SKKSNQS NMETVPUIVRQS RVOOU HJVPPU MTFTOV NTPTURU MSR OU 0JPA METU KPSDSRLUIVRQV MSTRFSOQU MSR OV DSPIUGTSRT URQTA5NNUL V O?>PUR NQPVRJS UOOVUQS LVOOS NKTVHUIVRQS HSFVPRUQTFS T PUKKSPQT QPU >PUR V 0JPMETU NSRS NQUQT BJSRT DTRS U KSMS QVIKS DUC MSR JR TRQVRNS NMUIBTS VMSRSITMS MEV UFPVBBV LSFJQS VNNVPV NJHHVOOUQS LUOOU FTNTQU LVO 9PVNTLVRQV QJPMS #PLS UR U 0VEVPURC UFFVRJQU RVO DVBBPUTS /:*"@ 1U UKKVRU JR IVNV LSKSC OS NQVNA NS #PLS UR EU LTMETUPUQS KJBBOTMUIVRQV MEV O?TRDOJVRGU TPURTURU V NMTTQU -;?; <?::A=@->:A, A : +=@; 9A A =A;9A=7A;A 8?;<?,@

(PUGTV UOO?UKKSHHTS UOOV ITRSPURGV PVOTHTSNV NMTTQVC 0VEVPUR TRDUQQT = PTJA NMTQU U VNQVRLVPV OU NJU TRDOJVRGU TR <TPTUC 6TBURSC >PU;C RVOOU KUPQV LVOOS VIVR SHHT MSRQPSOOUQU LUHOT SJQT VC TRDTRVC TR $UEPUTR@ 2SR TO KPSNVHJTPV LVOOU HJVPPU MTFTOV NTPTURUC OV DSPGV HSFVPRUQTFV LT $UA NEUP UOA5NNUL NSRS NVIKPV KT8 LTA KVRLVRQT LUOO?UTJQS TPURTURS@ 5NNUL EU MSIJR;JV LTISNQPUQS JRU MUKUA MTQ4 LT PVNTNQVRGU TRUNKVQQUQUC HPUGTV U VGBSOOUE V UO DVPIS UKKSHHTS PJNNS V KT8 FVOUQUIVRQV MTRVNVC IVRQPV UT NSNQVRTQSPT LVOOU MSUOTGTSA RV URQTHSFVPRUQTFU %<QUQT RTQTC >NPUVOVC 0JPMETUC 5PUBTU <UJLTQUC ISRUPMETV LVO (SODS& OU NTQJUGTSRV = KUPGTUOIVRQV NDJHHTQU LT IURS MSR OU MPVNMTQU KPVSMMJKURQV LVT HPJKKT TEULTNQT OVHUQT UL 5OA UVLU V MSR OU RJSFU TR;JTVQURQV V SBOT;JU PVUOQ4 LVOO?><><@ 6U RUNMTQU LVOOS <QUQS >NOUA ITMSC DSPIU VNQPVIU LVO TEULTNIS NJRRTQUC NQU KPVSMMJKURLS ISOQS 0VEVPUR URMEV KVP OU FTMTRURGU UT NJST MSRDTRT@ 6U MTQQ4 LT $UHELUL RVO /:* RSR = MULJQU TR IURS UO 2UOTDA DUQS NSOS HPUGTV UO LVMTNTFS MSRQPTBJA QS UOOU NJU LTDVNU LUQS LUT 6@79@=@; V LUOOV ITOTGTV NMTTQV TPUMEVRV MEV MSRQTRJURS SPIUT UKVPQUIVRQV U MSIBUQQVPV MSRQPS O?><>< MSR OU BVA RVLTGTSRVC RVHOT JOQTIT QVIKTC LT .BUIU@ >R MSRMOJNTSRVC KVP ;JURQS KSNNU NVIBPUPV KUPULSNNUOVC OU KSOTQTMU VNQVPU LVOOU +VKJBBOTMU TNOUITMU RSR LTDDVPTNMV ISOQS LU ;JVOOU LVO KPVMVLVRQV TIKVPS LVOOS <EUEC SFA FVPS DUPV LVOO?>PUR OU KSQVRGU VHVA ISRV RVOOU PVHTSRV@ 0UOV NQPUQVHTU NT NMSRQPU TRVFTQUBTOIVRQV MSR ;JVOA OU <UJLTQU@ 6U HJVPPU MTFTOV NTPTURU NT = LT DUQQS QPUNDSPIUQU TR JR MSRDOTQA QS TRQVPRS UO ISRLS IJNJOIURS QPU NJRRTQT V NMTTQTC V U NJU FSOQU TR JRS NMSRQPS QPU >PUR VL 5PUBTU <UJLTQU KVP O?VHVISRTU RVOOU PVHTSRV@ ?8A;<A 9> )<59> )<=@<A.>8>, >=A<<?=A 9A::@ )85?:@ 9> ?46A<>2>?;A 8?;?4>8@ +;<A=;@2>?;@:A 9> A;A2>@

' & & # &

PV 8RURV /SVRV KUSRWSHTST LS UQOWSUPW MV NVQNU +E.04 RWORURW SLNPWUQVE 'V VSNPLMW >E?@@ RWORURW ONCVWQURWB NTSOVORWSRV VS ?E >@ ORQURWHVNCW W ?0+ STS ORQURWHVNCWE <S UHHVLSRUB >E504 RWORURW OTST RWSLRW VS QVG OWQIUE 6PRQW >E4?4 OTST ORURW QVRVQURW JWQ WOOWQW OKUSRWPPURWE <S RTRUPW P=VSG IWSRUQVT UOOTKKU U .E*@@ RWORURWE PV /86 ORUSST VKJPWKWSRUSMT VP RQURRURT $ % MWP >@?@ NCW PVKVRU U .@@ IWRRTQV W ?E44@ PW RWORURW MVOJTSVFVPVE &HHV JTOOVWMTST ?E404 RWORURW KTSRURW OL ..0 KVOOVPV ONCVWQURV W FTKFUQMVWQVE 3U QVMLDVTSW RTRUPW AVS MU ;LUSMT VP RQURRURT 2 WSRQURT VS ALSDVTSW SWP AWFFQUVT >@?? 2 MV >?4 RWORURW ORQURWHVNCW W ?@+ PUSNVURTQVE

SWNWOOUQVT OTRRTPVSWUQW NCW THSV FTKFUQMVWQW 2 NTSRWHHVURT NTKW OW JTQG RUOOW LSU OTPU UQKU KWSRQW JL UHWITPKWSRW RQUOJTQRUQSW >@ TPRQWRLRRT LS PUQHT SLKWQT MV FTKFUQMVWQV UV ;LUPV STS 2 JV# UOOWHSURU PU KVOOVTSW SLNPWUQW OTST USNTQU NTSRWHHVURV NTKW OW PT ATOOWQTE PV 8RURV /SVRV UJJPVNUST VP $ % NTS P=VSRWSDVTSW MV QVMLQQW VP JPLRTSVT JWQ PW UQKV SLNPWUQV KU PW MWNVSW MV FTKFUQMVWQV QVRVQURV NTSRVSLUST U KUSRWSWQW RLRRT P=W;LVJUHHVUKWSRT VMTSWT U LS VKJVWHT TJWQURVITB ;LVSMV OUQ: SWNWOOUQVT MWSLNPWUQVDDUQW UPNLSV 7G4> JWQ QUHHVLSHWQW ;LWORT TFVWRRVITE 3U /E8E ,8 ( SWV JQTOOVKV USSV VSNTKVSNWQ: U QVMLQQW VP SLKWQT MWV OLTV KVOOVPV $ QVMWSR << !G4% OLV OLTV OTRRTKUQVSV SLNPWUQV MU >+ U >@ W USNCW PU /E8E -96 '563: )/86 ( QVMLQQ: V KVOOVPV VSRWQNTSRVSWSRUPV FUPVORVNV )<'71( MUHPV URRLUPV +4@ U +@@E

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

HQUKKU MV WORWSOVTSW MWPPU IVRU TJWQURVIU MWPPU ,8795481 ,.31:86 *:3.697( -/094927687954 ),,86( IWQQUSST JQTMTRRW ?E>@@ .5G? JWQ VP KVOOVPW $ QVMWSR <<G!4% KTSRURT OLV OTRRTKUQVSV SLNPWUQV MWPPU NPUOOW & <& VP JQTHQUKKU VS AUOW UIUSG DURU OUQ: NTKJPWRURT SWP >@? NTS LS NTORT RTRUPW MV *E. FVPVTSVE 3U JQTMLDVTSW MWPPU FTKFU HLVMURU 7G 5?G?> 2 JQWIVORT NCW OVU NTKJPWRUG RU JWQ VP >@>4 U LS NTORT MV ?@ FVPVTG SV MV MTPPUQVE 3T OIVPLJJT MV LSU SLTG IU RWORURU JWQ LS SLTIT KVOOVPW MU NQTNVWQU U PLSHT QUHHVT NTORWQ: UPRQV 0E0 FVPVTSV AVST UP >@** W VP QWPURVIT

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

&!! &! 4 83398 &50&86/9:6: '+ 184395 /9 &50&: - /8 '+ .4 83+ 398 &50&86/9:6: $ %,- " !!& & & & & 4 !50&86/9:6: 27687:)935 !

SWU NCW STS OTST LS OTORVRLRT MV ;LWPPW SLNPWUQVE 3W MVQWRRVIW UMTRRURW SWPPU --!G>+ OUG QUSST LOURW JWQ UHHVTQSUQW PU JTPVRVNU MV VKJVWHT MWPPW UQKV SLNPWUQV JQWJUG QURU MUP 8WHQWRUQVT MWPPU !VAWOU W VP ,.31:86 *.##1:0:47 75 7 : 5947 *768+ 7:)93 38#8&91979:2 "184 MWP 'UJT MV 8RURT 1UHHVTQW MWPPU !VAWOUE LWORV MTNLKWSRV JQTMLQQUSST LSU QWIVOVTSW MU JUQRW MWPPT *7687:)93 50084/ )8 6 '&1( MWV JVUSV MV HLWQQU SLG NPWUQW URRLUPKWSRW NTSTONVLRV NTKW $*7687:)93 :7:66:43: 84/ '563: 0+ #15(0:47% T &-36, 0@?@G?>E @ 7G>6 W * 7G4> E !V ;LWORV ?0 7G>6 W .5 7G4> MVOJTSHTST MV LSU NUJUNVR: SLNPWUQWE 6 5@ FTKFUQG MVWQV )?5 7G>6 W ++ 7G4> ( 2 UOOWG HSURU PU KVOOVTSW SLNPWUQWE OOV OTG ST VS;LUMQURV VS MVIWQOV O;LUMQTSV VS RQW 8RTQKV OL RQW FUOV 1VSTR VS ,TQRC !U TRUB 7UQ OMUPW VS 3TLVOVUSU W CVRWKUS SWP 1VOOTLQVE &HSV 7G>6 JL RQUOJTQRUQW AVST U ?5 FTKFW )75?G.B 75?G?? W 7G0*G?( W THSV 7G4> JL JTQRUQW AVST U >@ KVOOVPV MU NQTNVWQUE 8V QVRVWSW NCW ?E@@@ UQKV SLNPWUQVB VSNPLOV 4>0

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

&!! &! !50&86/9:6: 27687:)935 ! +- 92+ 291: 27687:)935 " !!& & & & & &!! &! !50&8 / 8:6:5 ! *5775086945 27687:)935

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

&QVWSRW QLOOTE 6SNCW U AQTSRW MV LS WIWSRLUPW ALRLQT QVUQKT QLOOT W USNCW SWPPU JWHHVTQW MWPPW VJTRWOVB IUPW U MVQW SWP NUOT VS NLV MTIWOOWQT OLFVQW LS URRUNNT PUSG NVURT MV OTQJQWOUB AUNWSMT JVWST QVNTQOT UPPW JQTJQVW ATQDW SLNPWUQV ORQURWHVNCWB HPV 8RURV /SVRV OUQWFFWQT NTKLS;LW VS HQUMT MV QVOJTSG MWQW PUSNVUSMT LS NTSRQT URRUNNT MUPPU JTQRURU UOOTPLRUKWSRW MWIUORUSRWE ,TS N=2 SLPPU NCW LS WIWSRLUPW UIIWQOUQVT JTOOU U AUQW JWQ NUKFVUQW ;LWORT ORURT MV NTOWE 6SNCW SWP NUOT NCW W 1TONUB UM WOWKJVTB MWNVMWOOW VKJQTIIVOUKWSRW MV STS QVG OJWRRUQW JV# PW JQWONQVDVTSV MWP RQURRURT $,: *$-%$%B SWOG OLSU JPULOVFVPW WOJUSOVTSW MWPPW JQTJQVW ATQDW SLNPWUQV ORQURWHVNCW JTRQWFFW KUV QVLONVQW SWPP=TFVWRRVIT MV OTJJQVKWQWB VS LS URRUNNT MV OTQJQWOUB VP MVOJTOVG RVIT SLNPWUQW ORURLSVRWSOWE 8TRRT THSV NTSNWJVFVPW ONWSUQVTB PU QVOJTORU SLG NPWUQW ORURLSVRWSOW OUQWFFW OTJQURRLRRT HUQUSRVRU MUPPW WPWIURW NUJUNVR: MV OTJQUIIVIWSDU RVJVNCW MWHPV 887,B LS NWQRT SLKWQT MV LSVR: MWPPW ;LUPV 2 JWQWSSWKWSRW VS SUIVHUDVTSWE <P OWKJPVNW AURRT NCW USNCW OTPT UPNLSW MV ;LWORW LSVR: OVUST OWKJPVNWKWSRW VS SUIVHUDVTSW 2 HVLMVNURT JV# NCW OLAAVG NVWSRW JWQ HUQUSRVQW LS NQWMVFVPW PVIWPPT MV ORUFVPVR: ORQURWHVNUE < OVORWKV MV PUSNVT SLNPWUQV $ QVMWSR <<!G4% OTST VS IVU MV UKKTMWQSUKWSRT NTSRVSLT 2 JQWIVORT P=UN;LVORT MV ?> SLTIV 887, JWQ OTORVRLVQW V ?+ NPUOOW $& <&% W PU IVRU TJWQURVIU MV ;LWORV LPRVKV 2 ORURU WORWOUE <STPRQW VP SLTIT OTRG RTKUQVSTB P=887, B 2 VS IVU MV OIVPLJJT W PU /E8 ,8 ( CU VSRWSDVTSW MV UN;LVG ORUQW VP JQVKT SWP >@>?B VP OWNTSMT SWP >@>+ W LST UPP=USST RQU VP >@>5 W VP >@*4E '$ ( " " $' % ( % PV 8RURV /SVRV CUSST LS OTPT RVJT MV UQKU OLFGORQURWHVNU WM 2 PU FTKFU MV HQUG IVR: 7G5?E 3=UQKU WOVORW VS RQW IWQOVTSV 7G5? *B 7G5? + W 7G5? ?@E 3U MVOJTSVFVG

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

JQUIIVIWSDU MWV IWRRTQV MV PUSNVTB QVMLG NWSMT HPV WAAWRRV NTPPURWQUPV MWPP=WOJPTG OVTSWE 3=UFFVSUKWSRT MWPPW 75?G?> U LSU SLTIU HWSWQUDVTSW MV IWPVITPV M=URRUNNT MUPP=WPWIURU NUJUNVR: MV JWG SWRQUDVTSW W OTJQUIIVIWSDUB NTKW P= G*4B UIQWFFW JTV P=WAAWRRT MV ULKWSG RUQW STRWITPKWSRW VP SLKWQT MV FWQOUG HPV QUHHVLSHVFVPV MUPPW ATQDW UPPWURWE VG ST U VSNPLMWQW TFVWRRVIV AVSTQU MV WONPLOVIU NTKJWRWSDU MWV OVORWKV M=URRUNNT ORQURWHVNV ORURLSVRWSOVE 8WKJQW NCW STS OV AVSVONU NTS VP MWG NVMWQW MV ONCVWQUQW VS LQTJU PW 75?G ?> JQVIW MWP SLTIT OVORWKU MV HLVMUB P=UQQVIT MV ;LWORW W P=W;LVJUHHVUKWSG RT MV UPNLSW ATQDW UWQWW NTS HPV G*4 NUFPURV JWQ VP PTQT RQUOJTQRT OWKFQU MWORVSURT U KTMVAVNUQW P=VSRWQT OJWRRQT MV LRVPVDDT MWPPW UQKV SLNPWUQV UPPWURWE QVG OJTSMTST UP RWKJT ORWOOT RUSRT UP QLTPT ORQURWHVNT ;LUSRT U ;LWPPT OLFG ORQURWHVNTE <S UPRQW JUQTPWB MTJT VP JQTHQUKKU MV WORWSOVTSW MWPPU IVRU TJWQURVIU MWPPW 7G5?B HPV 8RURV /SVRV OV QVRQTIWQUSST SWPPU NTSMVDVTSW MV STS UIWQW JV# FTKFW SLNPWUQV NPUOOVAVNURW NTKW RURRVNCWE

3$;786 0: ;638798;*:9

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

Capi realizzati con

MICO SPORT È FORNITORE DI CALZE E INTIMO TECNICO PER: ţŪŧŠ ĩ ĩ ĩ ĳ Ĵ Ł Ł Ł Ł Ł

Ł Ľ

"* +)*(&( (&&+ +$(

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

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

#*)*#%$+ :22:6 :23:55:+ 59:193 19,57 9)(855:+ 76 7(:68 ) +&%' " 27.(857 17 9)(855:+

?EJDJ DKH CLFFJ ?EK@J L??LEK;KIHK KH ?A88FKBI CK LF 'L>=CLCK< B=J =L @IDGELGI L GAGGK KF DAI :IFGI L79 7JE@LHCI CK JDDJEJ AH BIH2AKDGLGIEJ J HIH AH 7A>>KLDBI BI@J FI JEL DGLGI DL@L 8KH )LCJH KH ?LDDLGI6 1H J77JGGK< KF >EA??I CL FAK >AKCLGI DK @AI:J LFFL FABJ CJF DIFJ< L77EIHGL BI@8LGGK@JHGK CK9 EJGGK J HIH DK FK@KGL LFFL FIGGL BFLHCJDGKHL I LF9 F5K@?KJ>I CK LGGJHGLGIEK DAKBKCK6 #JE FL ?EK@L :IFGL< LF 'L>=CLCK ?A BIHGLEJ DA DIFKCJ LFFJLH;J DGEJGGJ HJFFL BI@?FJDDL EJGJ GEK8L9 FJ J DA AHL 59:1932+7- JDJEBKGLGL DA @LDDJ CK DK@?LGK;;LHGK ?EI:JHKJHGK CLMGAGGIMKF @IHCI6 )L EIGGAEL CJF 7EIHGJ K=LCKDGL< KHHJDBLGL CI?I K CAEK BI@8LGGK@JHGK HJF @JDJ CK >JHHLKI CJF +, GEL F51DKD J 4 L8=LG LF ADEL3< " KHK;KLGL HJF @JDJ DABBJDDK:I BIH FJ CKB=KLEL;KIHK CJF BI@LHCI BJHGELFJ CK LF 0LJCL 4:5 :91: 686 +: 59,:.7 086 75 ,3/--8 0+7:.:48 !4:48 "25:' .708 1955#"3:$ 9 !+:. 86 27:.8 24:47 76&83' .:47 2/55: 2/: 039:)7869% 6 5#:((7:.8 086' 27,57:4: 86 27:.8 281172&:447 1: 922:% 9 -7/448248 :((7:.8 83176:48 5838 17 &93.:327 /7617% -93 $/9248 .847*8% 4:59 ,3/--8 686 /6 3:.8 17 :5 :91: 9 686 :((7:.8 395:' )7867 83,:67)):47*9 086 9228 5 :91: 686 392-862:(759 19559 2/9 :)7867 9 08.-834:' .9647 " 3:.7 17 :5 :91: 2868 $/9557 0+9 2868 24:47 :66/607:47 1:5 08.:618 09643:59% $/9247 28' 68 $/9557 0+9 370868207:.836 JF @JDJ CK >KA>HI CJF +, < / @LH LF &L(L=KEK KF EJ7JEJHGJ CJFFI *GLGI 1DFL@KBI KH 1EL2 =L CK9 B=KLELGI B=J 458 2097008 (/ : 3 :5 :,+1:17 :5 /2: 67 +: 08..9228 /6 933839 170+7:3:618 5: 6:2074: 195 ,3/--8 296): 75 682438 -93.9228 9 296): 0862/54:307% 5#"272 18*3 922939 2078548 9 75 5:*838 19*9 922939 086476/:48 28448 75 68.9 17 !4:48 "25:.708 1955#"3:$% .96439 :(+:4 :5 /23: 2:3 /6 3:.8 7617-9619649 17 :5 :91: 76 !737:36 /HB=J DJ DK ?A KHGEL:JCJEJ KH 2AJDGJ ?LEIFJ AH GJHGLGK:I CK ?LBK7KBL;KIHJ< HJFFI DGJDDI @JDJ FL EK9 D?IDGL CK LF 'L>=CLCK =L CJ7KHKGK:L@JHGJ BIHBFL9 @LGI FL EIGGAEL BIH AH 8EJ:J @JDDL>>KI LACKI CK DJGGJ @KHAGK 458 !4:48 "25:.708 1955#"3:$ 9 !+:. 686 19*9 37473:327 1: $/:527:27 -/648 1955: 4933: 76 0/7 27 :.-57:48% 9 686 19*9 17.76/739 18-8 92' 29327 76,3:61748 666 5#831769 17 : :+737 76 086' 43:248 086 75 08.:618 17 78 91 76:00944:(75936 I?I L:JE CKDA88KCKGI L>FK IECKHK CK LF 0LJCL< KF HAI:I BLFK77I =L BIHGKHALGI ?JE FL DAL DGELCL DJH;L GJHJEJ KH LFBAHL BIHDKCJEL;KIHJ K >EA?9 ?K CK @LGEKBJ KDFL@KDGL CJF 7EIHGJ DKEKLHI< BI@J 4 L8=LG LF ADEL3 J KF EIHGJ 1DFL@KBI ?LELFFJ9 FL@JHGJ DK " KHHJDGLGL AHL 7IEGJ ?IFLEK;;L;KI9 HJ CJK :LEK >EA??K L DJBIHCL CJFFI DB=KJEL9 @JHGI ?IFKGKBI LDDAHGI 6 K BIHDJ>AJH;L< LHB=J FJ DGJDDJ EJFL;KIHK LFF5KHGJEHI CJFFJ BI@AHKG. KDFL@KB=J< JD?EJD9 DJ CLFFJ ?K% K@?IEGLHGK ?JEDIHLFKG. @ADDAF9 @LHJ< DK DIHI CK:KDJ DJBIHCI F5L??LEGJHJH9 ;L KCJIFI>KBL LK CAJ >EA??K ?K% K@?IEGLHGK ?JE JDJ@?KI< AH LAGIEJ:IFJ DBJKBBI CJF9 F5AHK:JEDKG. CK LF /;=LE KH >KGGI< FL ?K% J@K9 HJHGJ LAGIEKG. CJFF51DFL@ DAHHKGL< =L CKB=KL9

6: 1866: :3:(: 086 :118228 5: (:61793: -:592476929

ELGI B=J 44/447 $/9557 0+9 8,,7 -:35:68 17 /68 !4:48 725:.708 76 "3:$ 2868 493' 38372473 6 I>>K I?KHKIHJ BI@AHJ GEL >FK LHLFKDGK B=J F5K@?EI::KDL LDBJDL CJFF51DKD L89 8KL I>>JGGK:L@JHGJ DJ>HLGI AH ?AHGI CK EIGGAEL DGIEKBI 2AJDGL IE>LHK;;L9 ;KIHJ EL??EJDJHGL FL HAI:L J:IFA;KIHJ LDDAHGL CLFF5KDFL@KD@I ELCKBLFJ HJF HIDGEI DJBIFI< 4$/:5082: 0+9 3959,: :5 :91: 69559 28&&7449 1955: 24837:36 >>JGGK:L@JHGJ< LF 0LJCL =L CI:AGI EKCK@JHDKIHLEJ KF DAI ?JDI HJFF5KHGJEI 4 LD=EJ23< D?JBKLF@JHGJ LCJDDI B=J KF ?JEKBIFI HIH EK>ALECL ?K% DIFGLHGI 1EL2 J *KEKL< @L LHB=J )K8LHI< KIECLHKL J )K8KL6 1H J77JGGK< LF 'L>=CLCK DK ?EJDJHGL BI@J KF 59:193 BLEKD@LGKBI CK AHL HAI:L IE9 >LHK;;L;KIHJ KH >ELCI CK BIH2AKDGLEJ BKGG.< GJEEIEK;;LEJ @KHIELH;J J ?EI>EL@9 @LEJ @LDDLBEK BIH 7EJCCL FABKCKG.6 0AKHCK 2ALFBIDL CK @IFGI CK:JEDI CL LF 0LJ9 CL< KH AH BJEGI 2ALF @ICI EJFJ>LGL LFFL 7K>AEL CK / @LH LF &L(L=KEK< F5J>K;KLHI B=J FL >AKCL CL ?K% CK CKJBK LHHK HLDBIDGI HJFF5LEJL CK BIH7KHJ GEL KF #L KDGLH J F5/7>=LHKDGLH6 *JBIHCI KB=LEC 'LEEJGG< F5J L?I CJFF5LHGKGJEEIEKD@I 8EKGLHHK9 BI< LF 'L>=CLCK " 4-7 *7859648% :,,39227*8 9 :647 :.9370:68 17 :5 : :+73736 IH FL DAL GAHKBL HJEL J FL 7IFGL 8LE8L< 2AJDG5AI@I " ?JEBJ?KGI BI@J AH ?JEDIHL>>KI BLEKD@LGKBI CLF ?LDDLGI @KDGJEKIDI< BL?LBJ BI@AH2AJ CK FLH9 BKLEJ @JDDL>>K CK >ELHCJ ?JDI DAFFJ HAI:J >JHJEL;KIHK CK K=LCKDGK 429 *859' 49 270/39)):% 372-944:49 78% 29 *85949 5: *74:% 372-944:49 78 29 *85949 /6: *74: 86839*859% 08.(:44949 5: 7+:1 76 68.9 17 7836 /HB=J DJ @LHGKJHJ AH 8LDDI ?EI7KFI< HIHIDGLHGJ DK DKL >ALCL>HLGI KF EKD?JGGI CJK @KFKGLHGK KDFL@KBK ?JE FJ DAJ BL?LBKG. KH 8LGGL>FKL< =L DKBAEL@JHGJ DA?JELGI KF 4BIHBIEEJHGJ3 LF &L(L=KEK< HIH ?K% KH >ELCI CK JDJEBKGLEJ FL DAL 59:1932+7- GEL

!851:47 723:957:67 1/3:649 /6 0864:448 086 &83)9 824757

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

Partner di progetti che p

Da oltre 75 anni i prodotti Mapei migliorano la qualità del lavoro in cantieri edili piccoli e grandi.Un impegno Skyline di Porta Nuova, Milano.

concretizzato da 64 stabilimenti nei 5 continenti, 18 centri principali di Ricerca & Sviluppo, oltre 800 ricercatori,una gamma di più di 1500 prodotti

ogni anno.Questi“numeri”fanno di Mapei

il primo gruppo internazionale nei prodotti chimici per l’edilizia. Scopri il nostro mondo: www.mapei.it

CM >H KLJK

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

(

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

(

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

(

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

DILOJPMJO GMJHM FP HEOGPNIP@@N@PMKO EOJ I:NLLPBPL8 FP 4EPHLNAAPM5; !K IPCPLNLM KDCOJM FP <PKMCP GMKHO= ADO> PK?PKO> DKN ENJLPGMINJO HEOGPN= IP@@N@PMKO EOJ NLLPBPL8 NKLPLOJJMJPHCM; :DLFEMJH MI>GLDL +:MJANKP@@N@PMKO GPKM?PIN FOII:,HOJGP= LM PKAIOHO HP <NHN HD DK JPKMCNLM 0OKLJM FP OGGOIIOK@N EOJ IN ?MJCN= @PMKO FOP <PKMCP> I: 48-72 ';%;43; $;46;5 O HDI JOAAPCOKLM GPKM?PIM GMCEMHLM FN GPJGN && LJN !??PGPNIP> -MLLD??PGPNIP O HMIFNLP O && GNKP; +:DKPL8 ) PK AJNFM FP OHEJPCOJO NH= HOLLP GPKM?PIP PK HDEEMJLM NIIO DKPL8 MEOJNLPBO PKLOJOHHNLO NIIN IMLLN NI LOJJMJPHCM O NIIO NLLPBPL8 BMILO N GMK= LJNHLNJO IN CPKNGGPN FOAIP MJFPAKP OHEIMHPBP PCEJMBBPHNLP 23,.H1; 3 <PKMCP GPKM?PIP FOII:,HOJGPLM PKAIOHO BOKAMKM PCEPOANLP HMEJNLLDLLM KOP (ONLJP MEOJNLPBP NII:OHLOJM GMK PI GMC= EPLM FP BOJP?PGNJO HLJNFO> OFP?PGP O BOP= GMIP KMKG9 HBMIAOJO MEOJN@PMKP EOJ IN HPGDJO@@N O BPAPINK@N FP PKHLNIIN@PM= KP; +N HLNCEN 9N NCEPNCOKLO JPEMJ= LNLM I:DLPIP@@M FP GNKP FN ENJLO FOIIO /MJ@O -EOGPNIP <JPLNKKPG9O; (DLLNBPN> GMCO FN LJNFP@PMKO PKAIOHO> IO PK?MJ= CN@PMKP OHHOKFM GINHHP?PGNLO HMKM CMILM JPFMLLO% GNKP FOIIO (&! ((

2 $7/9 5.//9 18 7"959 &/;57 8948 3849%82; 0/;38728 $9294 4;229 ,9 7;67 394 .4 *849-89 -GMDL FMA 72 6;5-84; 18 .47 ";58%837 6;34837 18 -76;58728 /;5 2 7"89274389 1;2 374;

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

8:8< :2 07 </1<;.9 <7 :/'<89 :44;88< 41;3<:6<48<3< 2;6 .;7<9, +;7.979 </1<;.:8< 7;66: 394<22;88: 6988: :66%952<.79 < 7036;< ((, 1;5 6: 5<3;53: 2< 952<.7< ;41694<+< 933068:8< <7 401;5)<3; 9 :66%<78;579 2< 91;5; 2%:58; 485:2:6< ; );559+<:5<;, ;2<)<3< ; +;8895< < 7036;< ((, 1;5 6: 5<3;53: 2< /<7; ; :685< 952<.7< ;41694<+< <78;55:8< ! </1<;.:8< <7 :/'<89 1:880.6<; 2;< 5;1:58< 2;66: 5<.:8: 1:5:3:208<48< 96.95; , /09+979 <7 8;48: :66: 1:880.6<: 397 <6 39/1<89 2< 15;:66;58:56:, 4;.7:6:729 6: 15;4;7*: 2< ;6;/;78< 948<6<& 66%933955;7*:, <7 15;4;7*: 2< <72<*< 406 8;55;79, 1944979 4+96.;5; :73$; 6: 5<3;53: 2< 952<.7< ;41694<+< 933068:8< ((! :22;485:8< : 4+96.;5; /968;16<3< 39/1<8< : 40119589 2;66;

3:, 1985:779 :33;2;5; :66; ):4< 4033;44<+; 2< 41;3<:6<**:*<97; ; 2< 0:6<)<3:*<97; & %068</: ):4; 2;6 39549, 2;66: 205:8: 2< 3<53: 07 /;4;, 4< ':4: 40 07 :22;485:/;789 )095< 4;2;, /9689 5;:6<48<39, :6 )<7; 2< :'<80:5; < '<79/< :2 :))5978:5; 6; 4<80:*<97< 3$; 859+;5:779 7;< 8;:85< 91;5:8<+<& 6 39549 $: 8;5/<7; 397 07: +:6<2:*<97; 91;5:8<+: +968: : +;5<)<3:5; <6 5:..<07.</;789 2;.6< 3:1:3<8<+< 5<3$<;48<& ;2<:/;78; 4969 <6 2;6 1;5497:6;, 5<41;889 :6 70/;59 <7<*<:6; 2< )5; 0;78:895< 2;6 39549, 5<;43; : 401;5:5; 8088; 6; ):4< 2;66% :22;485:8<+9 ;2 ;44;5; :44;.7:89 : 07: 2;66; 20; 39/1:.7<; 91;5:8<+; 2;6 50119 3<79)<69& '<79/< 91;5:8<+< 0<72<, : 4;3972: 2;66: 41;3<:6<**:*<97;, +;7.979 <70:25:8< 9 7;66: 39/1:.7<: 3<79)<6: 2;6 .;7<9 9 7;66: 39/1:.7<: 3<79)<6: 2< ):78;5<:& 7 1:58<396:5;, 6% 4;53<89 8:6<:79 2<4197; 2< 7036;< 3<79)<6< 41;3<:6<**:8<! # ((" ; # (("! 95<;7

07<8 39/; 6: 5<3;53:, 6%<74;.0</;789 ; 6%;+;780:6; <//9'<6<**:*<97; 2< ;6;/;78< 948<6< <7 :5;; :1;58; 9 05':7<**:8;, 4979 2< 40119589 7;66; 91;5:*<97< 2< 397859669 2;66: )966:, 6: 495+;.6<:7*: ; 6: 4<305;**: 2< 9'<;88<+< ; 2< :5;; 4;74<'<6<& 979 <7 .5:29 :73$; 2< 5<3;53:5; ; 4;.7:6:5; 6: 15;4;7*: 2< :5/<, /07<*<97< ;2 ;41694<+< 933068:8< ; 797 <78;55:8< # "! # ("! 41;3<:6<**:8< 7;6 3;53:5; ; 4;.0<5; 85:33; 0/:7; 406

8;55;79, 4;.7:6:7297; 6: 15;4;7*: <7 /:7<;5: 4<6;7*<94: ; 1:44<+: #4;7*: :88:33:5;"& (05:78; 6: 5<3;53: 10 4;.7:6:5;, :685;4 , ;+;780:6< 9..;88< 5<7+;708< 406 8;55;79 5<397203<'<6< :66%9'<;88<+9 2;66: 5<3;53:& (:6 :2 9..<, :44;88< 3<79)<6< : 6<+;669 4 0:25: ; 169897; $:779 91;5:89 <7 /:7<;5: 3978<70:8<+: <7 8088< < 15<73<1:6< ;:85< 1;5:8<+<& 968< 4979 48:8< .6< ://:;485:/;78< 3$; $:779 3974;78<89 2< :))<7:5; 6%:22;485:/;789, 6; 1593;205; ;, <7 2;)<7<8<+:, 6; 3:1:3<8 3<79)<6; 2;66: 95*: 5/:8:& <7 2:66; 15</; ):4< 2;66: /<44<97;,

7;3;44:5<9 2<41955; 2< 8088; 6; <7)95-

/:*<97< 1;5 198;5 2;)<7<5; 6; 15;2<4194<*<97< 69.<48<3$; 1;306<:5< #:5;: 3:7<6;, ;4<.;7*; 2< 85:419589 8:88<39, /:8;5<:6< ;2 ; 0<1:..<:/;78< 3<798;37<3<, :41;88< +;8;5<7:5<, ;33&" ; 1;5 +:608:5;, :685;4 , 8088< < ):8895< 3$; 205:78; 6; :88<+<8 1944979 <73<2;5; 4066; 1944<'<6<8 2< </1<;.9 2;< '<79/< 3<79)<6< #):8895< 36</:8<3<, :78591969.<3<, 306805:6<, 3:5:88;5<48<3$; 2;6 8;55;79 ; 8<1969.<; 2< 952<.7< ;+;780:6/;78; 15;4;78< 7;66%:5;:! /<7;, ; ("& ; :88<+<8 2< :115978:/;789 2< 07 :4

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

EMPG9 9NKKM GMKHOKLPLM FP ?MGNIP@= @NJO IO EJPKGPENIP GNENGPL8 O P JO6DP= HPLP G9O FOBO EMHHOFOJO DK NHHOLLM GPKM?PIM MJPOKLNLM N MEOJNJO PKLOAJNLM KOII:NC<PLM FP JOENJLP FP /MJ@O EOJ IO #EOJN@PMKP -EOGPNIP; -2%-6 +;2%;

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

+:OIOBNLN 6DNIPL8 EJM?OHHPMKNIO FOI EOJHMKNIO FOI JDEEM GPKM?PIM JNE= EJOHOKLN PI EJPKGPENIO ?NLLMJO FP HDG= GOHHM FOI JOENJLM; "JM?OHHPMKPHLP HO= IO@PMKNLP HDIIN <NHO FP OIOBNLPHHPCP JO6DPHPLP NLLPLDFPKNIP O EJM?OHHPMKNIP CN> HMEJNLLDLLM> NKPCNLP KOI EJMEJPM INBMJM FN DKN ?MJLO ENHHPMKO GMCD= KO> 6DOIIN EOJ PI GNKO; +N ENHHPMKO ) HLNLM 6DOI BNIMJO NA= APDKLM G9O 9N EOJCOHHM FP HDEOJN= JO IO GJPLPGPL8 GMKKOHHO NIIN GJON@PM= KO FP KDMBO GNENGPL8 PK DK GNCEM MBO IN /MJ@N *JCNLN KMK NBOBN NI= GDKN OHEOJPOK@N EJOAJOHHN O FP HMFFPH?NJO> GMKLOHLDNICOKLO> IO GJOHGOKLP OHPAOK@O FP NHHOLLP HEO= GPNIPHLPGP KOP LONLJP F:PCEPOAM; 3I JDEEM GPKM?PIM ) MAAP> N EPOKM LP= LMIM> DK:OGGOIIOK@N FOIIN KMHLJN /MJ= @N *JCNLN PK AJNFM FP OHEJPCOJO NH= HOLLP N HEPGGNLN BMGN@PMKO 39-*76> BMILP N HMFFPH?NJO EJPMJPLNJPO OHPAOK= @O FP GNJNLLOJO MEOJNLPBM; (DLLNBPN> DK HOLLMJO FP KPGG9PN N GM= H OIOBNLN HEOGPNIP@@N@PMKO ED JP= CNKOJO KOI LOCEM O??PGNGO O GJOFP= <PIO HMIM HO HP JPOHGO N ANJNKLPJO> GMK NDLMCNLPHCM O GMKLPKDPL8> IM HBPIDEEM FOIIO PKFPHEOKHN<PIP NLLPBPL8 FP JPGOJGN O HLDFPM> FP NAAPMJKNCOK= LM O FP JPKKMBNCOKLM FOIIN FMLLJPKN> FOIIO EJMGOFDJO NFFOHLJNLPBO O FOP CNLOJPNIP; (NIP EJMGOHHP KOGOHHPLNKM MAAP FP OH= HOJO OHNCPKNLP O JPGMKFMLLP NAIP OIO= COKLP MJANKP@@NLPBP FOIIN /MJ@N *J= CNLN G9O EMHHPOFMKM PI KOGOHHNJPM *73),59.41 HEOGPNIPHLPGM> CN HM= EJNLLDLLM IN GNENGPL8 FP ANJNKLPJO I:NFOJOK@N FOI HOLLMJO GPKM?PIM NIIO EJPMJPLNJPO OHPAOK@O FOIIN GMCEM= KOKLO MEOJNLPBN FOIIN /MJ@N *JCNLN; +O GNENGPL8 FP ADNJFNJO NI ?DLDJM AJNBPLNKFM HDIIO OHPAOK@O FP GNJNLLO= JO MEOJNLPBM> NKG9O PK DK:MLLPGN FP GMK?JMKLM GMK NKNIMA9O MJANKP@@N= @PMKP FP ,HOJGPLP HLJNKPOJP> ANJNKLPJNK= KM NIIN /MJ@N *JCNLN IN FPHEMKP<PIPL8 KOI LOCEM FP GNENGPL8 GPKM?PIO HOC= EJO NII:NILO@@N FOI GMCEPLM O PK AJN= FM FP ?NJ ?JMKLO NIIO H?PFO ?DLDJO;

$92944;229 (

VOOS NLSQNS RKIVQS TCCUTIS HUNPS LSIV O? ( #+&%$ *+ *+( 3#*2 NUT RTB PT =KTNU NUIKOPTRVTIVRPV TOOV LSIKRULTEUSRU HUT VPVQVD SHHVQS JQUIT MVU MKV GQTRMU LSRFOUPPU ISRMUTOUA KQTRPV OT .QTRMV .KVQQT NU 5 LSIURLUTPT T JVQFVEUSRTQVA KQTRPV OT +VLSRMT GKVQQT ISRMUTOV JVQ0D OT RVLVNNUP9 MU HURB LVQV UO LSRFOUPPS @T LSRNVRPUPS KRT HVOSLV V URTQQVNPTCUOV VHSOKEUSRV MVOOV PVLRSOSGUV V MVOOV SJVQTEUSRU MU #*A +HUOKJJTPTNU JVQ OT ITGGUSQ JTQPV UR TICUPS TVQSRTKPULS 3JQURLUJTOIVRPV PQT OT "4, V OT ;KFP TFFV2D UR =KVNPS JVQUSMS OT GKVQQT VOVPPQSRULT NU QUHVO0 VNPQVB ITIVRPV KPUOV UR TOLKRV SJVQTEUSRU RTHTOU OT JU) FTISNT V IVGOUS QUKNLUPT MU =KVNPV 5 NVRET MKCCUS O?%JVQTEUSRV < VQCVQKN>A KVNPT NU NHSONV RVO FVCB CQTUS MVO 6/1 $ KRT N=KTMQT RTHTOV PVMVNLT QUKNL T SOPQVJTNNTQV OS NPQVPPS MVOOT -TRULT 3MT SHVNP T VNP2 UOOVNT RSRSNPTRPV UO ITNNULLUS COSLLS RTHTOV URGOVNVA ;V RTHU VQTRS TOOSLTPV RVO JSQPS MU QVNPD UR ,QTRLUTD UO JU) UIJSQPTRB PV JSQPS IUOUPTQV PVMVNLS JVQ UO LSRPQSOOS MVOO?4POTRPULS V OT LTLLUT TOOV RTHU IVQLTRPUOU URGOVNUA 7 HVQPULU RTEUNPU SQMURTQSRSD T JQSPVEUSRV MVOOT SQHVGUTD MU NJSNPTQV PKPPV OV JQURLUJTOU FSQEV RTHTOU RSR JQVNVRPU RVO -VMUPVQQTRVS RVOOT .VQITRUT NVPPVRPQUSRTOVA T QVNP NTQVCCV NPTPS =KURMU RVLVNNTQUS SOPQVB JTNNTQV OT -TRULTA VQ LSRNVRPUQV TOOV RTHU MU SOPQVJTNNTQV OS NPQVPPS FK JUTB RUFULTPS KRS NJSNPTIVRPS RSPPKQRSD UO JU) HULURS JSNNUCUOV TM TVQSJSQPU PVMVB NL@U JVQ THVQV KRT LSJVQPKQT TVQVTA ;S NPQVPPS MU SHVQD JTQPULSOTQIVRPV LQUB PULSD FK TPPQTHVQNTPS MU GUSQRS JVQ JVQIVPPVQV TOOT LSRPQTVQVT MU JQSPVGGVQNU RVOO?VHVRPKTOUP9 MU KR TPPTLLS MTO LUVOSA 7 +*)*+ PVMVNL@UD JVQ PKPPS UO LSQNS MVOB O?SJVQTEUSRVD MUNPKQCTQSRS =KVOOU URGOVNU V =KURMU O?TOOTQIV FK MTPS NSOS RVOOT PTQMT ITPPURTPTD PQSJJS PTQMU JVQ KR TPPTLLS T QVGSOT M?TQPV 3LSIKR=KV GU9 JUTRUFULTPS RVOO?VHVRPKTOUP92$ RSRSNPTRPV GOU VRSQIU NFSQEU URGOVNU RVNNKRT RTB HV PVMVNLT FK TFFSRMTPT V O?SJVQTEUSRVD GQTEUV TOOV TEUSRU MU GKVQQT VOVPPQSRUB LTD QUKNL JVQFVPPTIVRPVA ;V RTHU GUKRNVQS TO JSQPS MU *UO@VOIN@THVR OT ITPB PURT MVO 6& FVCCQTUSD &! SQV MSJS OT JTQPVRET MTO JSQPS FQTRLVNVA

.OUOU UURGOVNU . RGOVNU NSFFQUQSRS NSFFQUQSRS ISOPS ISOPS U C CSICTQ SICTQ CSICTQB MTIVRPU RVO OSQS PVQQUPSQUSD IT GQTEUV T <#RUGIT> 3LSIV HVMQVIS RVO MVPB PTGOUS RVO JQSNNUIS RKIVQS MU "UHUB NPT -UOUPTQV2 V TOOV RKIVQSNV SNNVQB HTEUSRU TVQVV QUKNLUQSRS T UMVRPUFULTB QV ISOPV ESRV LQUPUL@V PVMVNL@V RVO PVQQUPSQUS FQTRLVNVA 7RUEUTOIVRPV UR URFVQUSQUP9 RKIVQULTD O?VHSOKEUSRV PVLRSOSGULTD O?URGVGRS V NSJQTPPKPPS GOU URGVRPU QURFSQEU TIVQULTRU JVQIUB NVQS O?SPPUIT QUKNLUPT MVOO?SJVQTEUSRV <.SISQQT@>D UO LKU SCUVPPUHS VQT OT MUB NPQKEUSRV MVOOV RKIVQSNUNNUIV FTCB CQUL@V MU 4ICKQGSA ;?SJVQTEUSRV MKB Q0 MTO OKGOUS TO & TGSNPS 6/1& V HU JQVNVQS JTQPVD SOPQV TU LTLLUT V TU CSICTQMUVQU MVOOT "4,D TRL@V MVU HVOUHSOU TIVQULTRUD GUKRPU MT JSLS UR PVQQUPSQUS TOOVTPSA ;T NLVOPT MU 4ICKQB GS 5 MSHKPT TO FTPPS L@V OV SJVQTEUSB RU MVU NSIIVQGUCUOU PVMVNL@U VQTRS MUHVRPTPV PQSJJS SRVQSNV JVQ GOU TOB OVTPUD U =KTOU JVQMVHTRS MVLURV MU RTB HU IVQLTRPUOU SGRU IVNV UR KR JVQUSB MS UR LKU U QUFSQRUIVRPU MTGOU +PTPU RUPU VQTRS FSRMTIVRPTOUA QVNNS

4ICKQGS NU JQSMKLVHT LUQLT OT IVP9 MVU NSIIVQGUCUOU PVMVNL@UA 7 HVOUHSOU UIJUVGTPU RVOO?SJVQTEUSRV LSRPTHTRS JU) MU KR IUGOUTUS MU KRUB P9D PQT LKU =KTNU :: CSICTQMUVQU NSOS JVQ OT JQUIT SJVQTEUSRVA SRB NUMVQTPT OT FQTGUOUP9D MSHKPT TOOT OVRB PVEETD MVU CSICTQMUVQUD OV "$%)&" VCCVQS UO QKSOS FSRMTIVRPTOV MU

&+#& )$ !+ & )& & $ & *+)* (%#$ (+* $&%( (+ (+!

LSRFSRMVQV U +*)*+ V OT LSRPQTVQVT$ NVRET MU VNNV O?SJVQTEUSRV NTQVCCV LSR LVQPVEET FTOOUPT LSRNUMVQTPV OV RSPVHSOU MUFVNV TVQVV PVMVNL@VA VOOS NLSQNS RKIVQS TCCUTIS HUNPS LSIV =KVNPV "$%)&" NUTRS OV JQUB IV * MVOOT NPSQUTD SHHVQS MVU NUB NPVIU MU LSRPQSIUNKQT VOVPPQSRULT HSOPU T RSR FTQ UMVRPUFULTQV O?VNTPPT JSNUEUSRV MVOO?TVQVSA 4OO?VJSLTD LSRNUMVQTPV OV FQV=KVREV MVU +*)*+D VQTRS NKFFULUVRPU MVOOV NPQUNLV MU TOB OKIURUS L@V HVRUHTRS GVPPTPV MTU JUOSPU MVOOT "4, UR ITRUVQT IVPSMUB LT V FTLVRMS FTQV TOO?TVQVS KR JQVB LUNS ISHUIVRPSA KTOU TKNUOU TOOT RTHUGTEUSRV FKQSRS KPUOUEETPUD MTU : HVOUHSOU *# $%)(+ (##& )( ( "$%)&" !$ +*)*+ MVU NVIJOULUD IT KPUOUD CVRGTOT LSOSB #()( $ QTPU L@V T NVLSRMT MVOOV LSICURTB EUSRU FSQRUHTRS TO QVNPS MVO GQKJJS OV *)*+ %* * ( ((#* # URMULTEUSRU MVO LTNSA 7 HVOUHSOU GKUMT VQTRS MSPTPU MU +*)*+ T CSQMS V U JUOSB PUD THVRMS NPKMUTPS T FSRMS OT ITJJT MVO PVQQUPSQUS RVIULSD RSR VCCVQS JTQPULSOTQU JQSCOVIU T SQUVRPTQNUA .U9 RVO MULVICQV MVO 6/16D JVQ0D GOU URGOVB NU NU THHTONVQS MU NSFUNPULTPU NPQKIVRPU MU RTHUGTEUSRV ISOPS NUIUB OUD LSIV JQURLUJUS MU FKREUSRTIVRPSD TOO?> B.VQT>D O?>%CSV> 3 (+ (+ & $% (+ %( 2 MKV PQTNIVPPUPSQU UR TPQUT PQTB NIVPPVHTRS MVU NVGRTOU TGOU TVQVU GKUMT 3UR =KVNPS LTNS U <-SB N=KUPS>2 MSPTPU MU TJJSNUPU #+*% &%)(+ U =KTOUD T OSQS HSOPTD LSIV 5 THHVRKPS TRL@V TM 4ICKQGSD LSIKRULTHTRS TO QVNPS MVGOU TVQVU MVPPTGOU NKOOT JQSJQUT JSNUEUSRVA 7O CSICTQMTIVRPS MVO OKGOUS 5 NPTPS MVFURUPS MTU PVMVNL@U UO < (!(+ #!+ > 3PVIJVNPT MU FKSLS2A SRNUMVQTPU U MTRRU SQITU UQQVJTQTCUOU TOOT LUPP9 V TOOV NKV FTCCQUL@VD O?TPPTLL0 LSRPURK0 JVQ TOPQU GUSQRU V RKOOT JSPVQSRS OV MUFVNVD LSRFKNV MTO CKUS V MTU OSQS NPVNNU +*)*+A ;V "$%)&"D JKQ VNNVRMS KR NUNPVIT <QSEES>D FKREUSRTHTRS JVQFVPPTIVRPV LSRB PQS U +*)*+ RVIULU MU PVQQTA +KGOU NL@VQIU URFTPPU U CVQNTGOU NU ISOPUB JOULTHTRS LQVTRMS ISOPS NLSIJUGOUS RVO LSRPQSOOS MVOOV FSPSVOVPB PQUL@V V =KURMU MVOOV MUFVNV LSRPQTVQVVA VO 6/11 U PVIJU VQTRS ITPKQU JVQ PVRPTQV KR TPPTLLS TOO?#KQSJT LSRPURVRPTOV$ UO RSIV MVOO?%JVQTEUSRV NTQVCCV NPTPS <%HVQOSQM>A KVNPT SJVQTEUSRV 5 MUHVRKPT FTISNT LSIV OT JU) GQTRMV URHTB NUSRV TRFUCUT MVOOT NPSQUT V FSQNV O?VHVRPS MU GKVQQT JU) FTISNS RVOOT NPSQUT LSRPVIJSQTRVTD UO )* D OS NCTQLS UR SQITRMUTA 7O NKS VNUPS VQT MU GQTRMV UIJSQPTRET JSUL@ D RVO LTNS MU KR NKLB LVNNS JSNUPUHSD OT GKVQQT THQVCCV JSPKPS JQVRMVQV KRT NHSOPT T FTHSQV MVGOU TOOVTPUA VQ FTQ N L@V PKPPS TRMTNNV JVQ UO IVGOUS NU 5 MSHKPS JQSHHVMVQV T KRT OKRGT V TLLKQTPT JUTRUFULTEUSRVA 4OO?TOCT MVO GUKGRS MVO 6/11 NCTQLTQSRS U JQUIU IVEEU TRFUCU LSR ITQVT T FTHSQVD IT =KVNPT 5 NSOS KRT JULLSOT JTQPV MU PKPPS UO LSIJOVNNS IVLLTRUNIS IVNNS UR TPPS MTGOU URGOVNU V MTGOU TIVB QULTRUA .U9 OT RSPPV JQVLVMVRPV IUGOUTUT MU JTQTLTMKPUNPU FKQSRS OTRLUTPU NKO PVQQUPSQUS RVIULS 3%JVQTEUSRV < UPTRUL>2 LSO FURV MU NTCSPTQV MTOOV NJTOOV OV OURVV MUFVRNUHV MU "SIIVO 3O?TRRS JQVB LVMVRPV KNLUPS NLSRFUPPS MT #O 4OTIVUR2$ TRL@V UR =KVU FTPUMULU GUSQRU OT GKVQQT VOVPPQSRULT FVLV OT NKT JTQPVA ;V "$%)&" URGTRRTQSRS OV MUFVNV RVIUL@V TRL@V =KVNPT HSOPTD IT RSR FUR =KUA ,KQSRS SQGTRUEETPV MVOOV TEUSRU MUHVQNUHV RVU JQVNNU MU SKOSGRV V MU @VQCSKQG JVQ RSR FTQ LTJUQV HVQTIVRB PV MT MSHV JQSHVRUNNV OT IURTLLUT VD )! $ $% !%)&D FK NUIKOTB PT KRT HVQT V JQSJQUT FOSPPT FTRPTNIT 3%JVQTEUSRV <.OUIIVQ> V < T TCOV>2A 4PPQTHVQNS OV "$%)&"D GOU TVQVU VNLT FSQITHTRS MVGOU

JVQ NUIKOTQV O?THTRETIVRPS MU KRT FOSPPT T HVOSLUP9 HVQSNUIUOV$ O?%JVQTB EUSRV <%HVQOSQM>D LSRNUMVQTPT OT GQTRMV LSRFKNUSRV HVRKPTNU T LQVTB QV NKOOV OURVV RVIUL@V LTKNTPT MTGOU TPPTLL@U V MTU FURPU TPPTLL@U TCUOIVRPV URPVQHTOOTPU V JQSHVRUVRPU MT PKPPU U FQSRPUD 5 NPTPT OT JQUIT SJVQTEUSRV CVOOULT L@V LSIJQVRMVHT TEUSRU MU URGTRRS VOVPPQSRULS NK HTNPT NLTOTA RT HSOPT TJJQSMTPU NKO HVLL@US SRPURVRPVD JQUIT MU JQVRMVQV VQOUB RS V URLSRPQTQNU =KURMU LSR U QKNNUD GOU TOOVTPU MSHVPPVQS LSICTPPVQV JVQ =KTNU 6: IVNUA ;V SJVQTEUSRU JVQ0D T MUFFVQVRET MVOOT FTOOUIVRPTQV LTIB JTGRT MU 7RG@UOPVQQTD HUMVQS LSIV JQSPTGSRUNPV OV FSQEV MU PVQQTA ;T ;KFP TFFV JVQNV OT NKJVQUSQUP9 TVQVT NKOOT .VQITRUT RVOOT JQUITHVQT MVO 6/11$ VRPQS O?VNPTPV MU =KVOO?TRRS LSB IURLU0 T NSFFQUQV MU GQTRMV NLTQNUP9 MU LTQCKQTRPV V MU JUOSPU CVR TMMVB

*)*+ !+ !+ ( +( * *)*+ *(+(& $ #(% #($%

NPQTPU VD RVO 6/1!D LVNN0 MU VNNVQV KRT FSQET MU LSICTPPUB IVRPS VFFULUVRPV RSRSNPTRPV O?URPQSMKEUSRV MVU RKSHU V THTRETPUNNUIU LTLLUT LSR ISPSQV T QVTEUSRVA ;T LTIB JTGRT MU CSICTQMTIVRPU TOB OVTPTD L@V LTKN0 MTRRU URB GVRPU TOO?URMKNPQUT PVMVNLT SOB PQV L@V TOOT JSJSOTEUSRVD LVNN0 NSOS RVOO?TJQUOV 6/1! JSL@U GUSQRU JQUIT MVOOT LTJUPSOTEUSRVA ,URS TO PVQIURV MVO LSRFOUPPS OT "4, VCCV OT NKJVQUSQUP9 PVLRSOSGULT NKU RTEUNPU TM SGRU CSICTQMTIVRPSA TFFTB NLURTRPV JVRNTQV L@V O?URUEUS MVO LSRFOUPPS HSOGVHT LSRNUMVQVHSOIVRPV T FTHSB QV MVO VQES "VUL@D NSPPS SGRU JKRPS MU HUNPTD NPQTPVGULSD PVLRSOSGULS V MU IVEEUA +V 'UPOVQ RSR THVNNV URPVQVNNTPS TRL@V UO FQSRPV QKNNS V NV THVNNV THKPS U IVEEU JVQ JVQIVPPVQV T . QURG MU LSRPURKTQV T CSICTQMTQV OT FSQPVEB ET 7RG@UOPVQQTD FSQNV OT GKVQQT THQVCCV THKPS KR VNUPS MUFFVQVRPVA 4LLVRRUTIS NSOS TO LSRFOUPPS PQT GOU +PTPU RUPU V O?7IJVQS GUTJJSRVNVD NUT JVQL@ UO OTNNS MU PVIJS L@V NU NPT LSRNUMVQTRMS 5 PQSJJS HTNPS JVQ KR TJB JQSFSRMUIVRPS JU) MVPPTGOUTPSD NUT JVQL@ OT MUFFVQVRET PVLRSOSGULTD UR PVQB IURU MU GKVQQT VOVPPQSRULTD VQT PQSJJS VHUMVRPV V T FTHSQV MVGOU TIVQULTRUD U =KTOU KPUOUEETHTRS GU9 MVU RKSHU CSICTQMUVQU T OKRGT MUNPTRET L@V RSR PQSB HTQSRS KRT GQSNNT QVNUNPVRET NUT JVQ OT MUNSQGTRUEETEUSRV MVOOT LSRPQTVB QVT L@VD NSJQTPPKPPSD JVQ O?TQQVPQTPVEET MVU +*)*+ GUTJJSRVNUA SJJSQPKRSD SQT L@V NU 5 JTQOTPS MVOOV JQURLUJTOU CTPPTGOUV V SJVQTEUSRU MU GKVQQT VOVPPQSRULT MVOOT +VLSRMT GKVQQT ISRMUTOVD MVNLQUHVQV CQVHVIVRPV OV NJVLUFUL@V PVLRUL@V MVU NUNPVIU CVOOULU JQURLUJTOU T MUNJSNUEUSRV MVOOV RTEUSB RU CVOOUGVQTRPUA 7R TICUPS RTHTOV U JQUIU T NHUOKJJTQV U +*)*+ NK RTHU FKQSRS U PVMVNL@U GU9 MTO 6/& A 7 +*)*+D MKQTRPV OT GKVQQTD NU QUHVOTQSRS HUPTOU JVQ O?URPVQLVPPTEUSB R RV MVOOV RTHU VD NSJQTPPKPPSD MVGOU T TVQVU RVIULU UR THHULURTIVRPSA KPB PPTHUT UO JQSCOVIT JQURLUJTOV UR JVB QQUSMS MU GKVQQT VQT OT LSIKRULTEUSB R RV UR NULKQVEETA #NNT HVRUHT VFFVPB PPKTPT IVMUTRPV JTQPULSOTQU NUNPVIU LLQUJPTRPU 3RVO LTNS MVU PVMVNL@UD UO FFTISNS <#RUGIT>2 L@V MSHVHTRS T TNNULKQTQVD RVO LTNS MU URPVQLVPPTB EEUSRV RVIULTD O?UIJSNNUCUOUP9 MVOOS NNPVNNS MU MVLUFQTQV O?URFSQITEUSRVA % %HHUTIVRPVD VNNVRMS TGOU TQCSQU M MVOOV PVOVLSIKRULTEUSRUD UO PKPPS HVB R RUHT VNVGKUPS UR TRTOSGULS LSR ISB M MKOTEUSRU MU TIJUVEETD JTQPULSOTQB I IVRPV FTLUOU MT VNVGKUQV V ISOPS QSB C CKNPV JVQ PQTNIUNNUSRU NKOOV OKRG@V M MUNPTREVA 7 JQUIU NVRPSQU L@V U PVMVNL@U THVNNVQS NHUOKJJTPS MVU +*)*+ FKQSRS THHVQPUPU MTGOU URGOVNU RVO 6/&/D =KTRMS OT LSQTEETPT PVMVNLT <.QTF +JVV> NU TKPSTFB FSRM0 TO OTQGS MU -SRPVHUMVSD # TOLKRV FSPS MUISNPQTHTRS OT JQVNVRET MVO +*)*+ RTHTOV <+VVPT P>A TOU +*)*+D NHUOKJJTPU TRL@V UR ITRUVQT QUMSPPT JVQ GOU &&#D NU QUHVOTQSRS KPUOU V HURLVRPU MKQTRPV OV IUNNUSRU RTHTOU V UO OSQS MUB NPKQCS QUNKOP0 ISOPS MUFFULUOVD =KTNU UIJSNNUCUOVD TGOU TOOVTPUA ;V NJVLUFUL@V JVQ VRPQTICV OV HVQNUSRU VQTRS KRT FQV=KVRET MU FKREUSRTIVRPS MU &/: -'ED * MU JSPVRET MU JULLS V KRT FQV=KVRET MU QUJVPUEUSRV MVOO?UIJKONS

MU !;; 'EA KQTRPV OT GKVQQT NTQ9 QUIJUTEETPS MTO +*)*+ RTHTOV <'SB @VRP UVO> 3V NKLLVNNUHU TGGUSQRTB IVRPU2D RSPVHSOIVRPV JU) JQVNPTRPV IT MU FSGGUT V FTPPKQT NUIUOU TOOT HVQB NUSRV JQVLVMVRPVA TQOTRMS MVOOT CTPPTGOUT MVU FTNLU M?SRMT NU 5 LUPTPS UO < RUL VCVUR> V O?> B/VQTP>A 7 PQTB NIVPPUPSQU MT PVQQT THVHTRS MUIVRB NUSRU VRSQIUD LSRNUMVQTPT OT MUNPTRB ET L@V MSHVHTRS LSJQUQVA :V TRPVRB RV QULVHVRPUD URHVLVD VQTRS QVOTPUHTB IVRPV JULLSOV V JSNUEUSRTPV QUNJVPB PUHTIVRPV NKOOT LSMT V NKOOT LTQOURB GT MVO CSICTQMUVQVD VNPQVITIVRPV NVRNUCUOU LSRNUMVQTPT OT PVLRSOSGUT MVOO?VJSLTA 7R TICUPS TVQSRTKPULS FKQSRS URSOPQV NHUOKJJTPU MTU PVMVNL@U MVU +*)*+ TVB QVU <:UL@PVRNPVUR> MVOOT < VOVFKR VR>D JSPVRET MU JULLS MU 6D! * V 1.; -'E 3 ',2 MU FQV=KVRET MU FKREUSB RTIVRPSA 4RL@V =KVNPT PUJSOSGUT MU +*)*+ VCCV & HVQNUSRUD NVIJQV JU) JQVNPTRPU V MU MUIVRNUSRU QUMSPPVA SB IV LSRPQSIUNKQT GOU URGOVNU URHVRPTB QSRS UO +VQQTPVD KR QUOVHTPSQV MU +* )*+D JSNUEUSRTPS NSOUPTIVRPV NKO IKB NS MVU OSQS LTLLUT <+JUPFUQV> JVQ URPVQB LVPPTQV U <:UL@PVRNPVUR> V MUNPKQCTQOUA :V FQV=KVREV MU OTHSQS V OV JQVNPTB EUSRUD JVQPTRPSD QUNKOPTRS VNNVQV ISOPS NUIUOU PQT MU OSQSA :T ITGGUSQ JTQPV MVGOU NPQKIVRPU MU PVQQTD LSIV NU 5 URPKUPSD NSR NPTPU KPUOUEETPU JVQ FURU TVQSRTKPULU V LSIB JQVRMSRS JQURLUJTOIVRPV U +*)*+A 7 JU) NUGRUFULTPUHU NSRS UO <,QV T> V UO <*KQECKQG>D JQSMSPPU UR =KTRPUP9 RSB PVHSOU VM VRPQTICU PVMVNL@UA :T JSB PVRET MU JULLS MU VRPQTICU NU TGGUQTB HT MTU 6; TU ; *A 7O <,QV T> THVHT KRT FQV=KVRET MU QUJVPUEUSRV MU UIB JKONUW MUW !;;W 'EW VW OTHSQTHT TPPSQRS TU 6;; -'E LSR KR QTGGUS MU QULVQLT ITNNUIS MU 6 ; ID UO <*KQECKQG> THVHT URHVLV KRT FQV=KVRET MU QUB JVPUEUSRV MU &A !; 'ED CTRMV MTU 1;; TU ;; -'E V ITNNUIS QTGGUS MU TEUSRV MU 1; IA :T MUFFVQVRET 5 RVOO?KPUOUEESA 7O <,QV T> URFTPPU 5 KR +*)*+ MU NSQHVGOUTRET IVRPQV UO <*KQECKQG> FK JQSGVPPTPS JVQ UO LSRB PQSOOS MVOOT LSRPQTVQVT V MVOOV FSPSVB OVPPQUL@V$ UO QTGGUS M?TEUSRV =KURMU 5 SHHUS L@V NUT OUIUPTPSD FSRMTIVRPTB OV 5 OT JQVLUNUSRV JVQ JSPVQ LSOJUQV UO CVQNTGOUS MU RSPPVA 4OPQU +*)*+ PVB MVNL@U MVGRU MU RSPT NSRS UO <*TNB NVQITRR> V UO <-TIIKP>D VRPQTICU MU NSQHVGOUTRETD UO <-TRR@VUI> V OS < TMNL@OSNN>D NUIUOU TO <*KQECKQG>A (%(%#(

- .''- -+-.(* .,

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

*('-'%/( . /++/ *, / $, .%/ . '%,.+-.(/

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

" / . ,-/ -+* .%- * /++. ,-*, .( /++ )'/, -%* . '%,.+-.(*

. -*(/

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

- +* - /(/,. -*(/ /++/ *, / /,,/'%,- . '%,.+-.(/

FRMLQ R IRNNR GQPLLP?OKFR GKRBR@ IOMO55 HOFGOMRMLR HOKPDDPLP- FPMLR@ MQFRMLO IRN HPKKO PKFPLO */>KPFJ* MRNNP BRKJQOMR &:/:7 JOJLQLEDQOMRA P GPKLQKR IPN 4646A JQP IRNN=$-25873976 9/'5 $8.4-8;1 ;'903; 3/1 / 2 HOM EM MEOBO +4.#75 );046& 67922760; ;'903;AS JQPS IRN &:: /1 $8.4-8;1 ;82466;3 +7889;8 3/ 2 HOM EM MEOBO 6& 7658( 9/'596/ ;'903; 3P GPKLQ@ KR IPN 464 27 55 HOFGOMRMLR PGGQRIPLP- PFFO@ IRKMPFRMLO IRQ JQJLRFQ IQ BQJQO@ MR MOLLEKMP R IRNNR PLLEPNQ HPGP@ HQL< IQ 2-8%;933760;7 JOJLQLEDQOMR IRNNR PKFQ IQ GQHHONO HPNQ>KO7 55 IQCQLPNQDDPDQOMR R 6;5 48 96/QFGNRFRMLPDQOMR IRNNR HPGPHQ@ L< IQ HOFEMQHPDQOMR JPLRNNQLPKR7 IQCQLPNQDDPDQOMR IRN JQJLRFP QM@ ?OKFPLQBO7 PFFOIRKMPFRMLO IRQ JQJLRFQ IQ 2-8%;933760; R 8;& 04667922760; HOM N=QMLKOIEDQO@ MR QM JRKBQDQO IRNNO *'714 *7 QMHKRFRMLO IRNNR HPGPHQ@ L< IQ IQ?RJP CROJGPDQPNR7 55 PBQPDQOMR- QMLKOIEDQOMR QM JRK@ BQDQO IRN -359&)43; !;3904,5;8& 3&% 62 GRK OGRKPDQOMQ PRKROFO>QNQ R PM?Q>QR7 PFFO@ IRKMPFRMLO IRNNP ?NOLLP IRN@ N=$8.;1 );04667922760; !;39& 04,5;8 3/% 2 )QCRK*7 PNNQMRP@ FRMLO IRNNP ?NOLLP IRQ $' PEJLKPNQPMQ HOM NP ?NOLLP IRQ $' IRNNO * $8.( PNNO JHOGO IQ QMHKRFRMLPKMR N=QMLR@ KOGRKP>QNQL<7 #

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

@G7@ED + <DE 'B4E?;4$ C>D ;BAD:E@ ;G /9? 1?A?ED @BA;&;E9/ 9D/A@ @<< :E@2 A9;A@ C?B/DBAD 4; <E?AD::DED ;B 1?4? * ' * $ #$ ( ) &# $*) ' '" !2 B@ E;<DEC9//;?BD /9GGD G?E? <ED/A@(;?B; ? /9GG@ 49E@A@ 4DGG@ 5@AADE;@ @ *9B(;?B@G;A! @BA;&;E9/ ;1<D4;/CD G";B/A@GG@(;?BD 4; /?*2 A7@ED ;B4D/;4DE@A; C>D <?AED55DE? <E?&?2 C@ED <DE4;A@ 4; 4@A; D :DBDE@ED /<D/D ;12 <ED&;/AD D ;G 4;/<?/;A;&? &DB;//D /1@EE;A? ? E95@A?$ ;G 5G?CC? ? G@ *?E1@AA@(;?BD ;B ED1?A? <E?AD::DE@BB? GD ;B*?E1@(;?B; 4; B@A9E@ <DE/?B@GD 4@ ?CC>;F;B4;/CEDA; @ /<;BA@ ;BB?&@A;&@ C>D C@E@AADE;((@ G@ ADCB?G?:;@ . @CC?1<@:B@A@ 4@ 1;2 B@CCD /D1<ED <;# C?1<GD//D D ;B E@<;2 4? 19A@1DBA? H C%5DECE;1;B@G; C?B2 A;B9@B? ;B*@AA; @4 D/C?:;A@ED B9?&; 1DA?4; <DE /*E9AA@ED GD &9GBDE@5;G;A! /;@ 4D:G; 9ADBA; C>D 4DGGD 4;&DE/D ADCB?G?:;D )' *""* (*) *) * ) #&(* ' *&+' #2 BD$ C?1D D&;4DB(;@A? @BC>D 4@G EDCDBAD E@<<?EA? /9GG@ /;C9ED((@ 4DG 3G9/;A$ E;:9@E2 4@ :G; @AA@CC>; 19GA;<G; ' 8 $ C>D /?B? CED/C;9A; 4DG ;B 49D @BB; D . &DE? C>D G@ 1@::;?E <@EAD 4D:G; @AA@CC>; /*E9A2 A@ @BC?E@ ADCB;C>D C>D E;/@G:?B? @ 4;&DE/; @BB; *@$ C?1D G"D21@;G 4; <>;/>;B:$ D <G?;A 4; A;<? 5@C=4??E D 4?7BG?@4 4E;&D25%$ . @GAED/ ;BBD:@5;GD C>D :G; >@C=DE /*E9AA;B? /D1<ED <;# GD &@E;D C?15;B@(;?B; 4; ADCB;2 * '((' # )# '" &' !) +*)(# *" G?E? <E;BC;<@GD ?5;DAA;&?

HG C?BCDAA? 4; ;BAD:E@(;?BD 4; A9AA; ; 4;2 &DE/; @15;A; 4DGG@ /DC9E;A% /; AE@49CD <DE2 *DAA@1DBAD$ <DE ?<>?/$ BDG E?:DAA?

@G;GD? C>D >@ G"@15;(;?BD 4; AE@/G@ED BDG 1?B4? 4DGG@ /;C9ED((@ ,9DGG? C>D @G;GD? >@ *@AA? BDG 1?B4? 4DGG@ /C;DB(@$ <?EA@B2 4? ;G /?GD @G CDBAE? 4DGG"9B;&DE/? D 1DA2 HB <@EA;C?G@ED$ ;B @15;A? 1?5;GD$ ?<>?/ ADB4? ?E4;BD @AAE@&DE/? G"?//DE&@(;?BD >@ EDCDBAD1DBAD G@BC;@A? ?<>?/ 'BA;2 4D; *DB?1DB; DE C?BAE@/A@ED GD B9?&D

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

&077 $3?:=8<9;=7 .=3="<7<8 98+#8=;5<;1 *<+ =8<9;=7 *:<1=5? .944=;5

?4? *:<1=5? 5? ;/=;8?:<? 5? 9;8=1;? (:=;6=73<;? *:<1=5? .944=;5

# 68?4? 5% ;/9:4=8<9; ?8 5? .944=;5?4?;8 5?6 &9:2?6

68=//

)<6<9;

*=887? :903

(?68

/:=4? 9:

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

A ciascuno la sua Vittoria. Partecipa e vinci!

100¤ a settimana in buoni carburante.

Un iPhone 6 ogni mese.

L’Esercito Italiano si merita una doppia Vittoria. “Raddoppia la Vittoria” è il nuovo concorso che premia i Clienti di Vittoria Assicurazioni. Dal 18 maggio al 30 settembre 2015, in palio 100€ in buoni carburante ogni settimana per tutti i Clienti che si registreranno all’Area Riservata sul sito vittoriaassicurazioni.com. E in più, tutti coloro che, scaricata l’App MyVittoria, effettueranno il primo log-in, potranno partecipare anche all’estrazione mensile di un iPhone 6. Questo è solo uno dei tanti motivi per mettersi in tasca MyVittoria! Grazie all’Area Riservata i nostri clienti possono tenere sotto controllo la propria posizione assicurativa e inoltre con l’App MyVittoria possono far fronte agli imprevisti stradali, raggiungere facilmente numerosi punti di interesse e viaggiare così in tutta serenità. Scarica subito l’App MyVittoria:

MyVittoria

Leggi attentamente il Regolamento e l’informativa privacy del Concorso reperibili sul sito vittoriaassicurazioni.com. Totale montepremi pari a ¤ 4.380,00 (IVA esclusa ove prevista). Messaggio pubblicitario con finalità promozionale. Prima della sottoscrizione leggere attentamente il Fascicolo Informativo reperibile in ogni Punto Vendita Vittoria Assicurazioni o sul nostro sito vittoriaassicurazioni.com.

www.fptindustrial.com

MOTORI FPT INDUSTRIAL. PROGETTATI PER ANDARE OLTRE. Noi di FPT Industrial affrontiamo ogni progetto come una sfida. Per questo mettiamo tutta la nostra passione e competenza per sviluppare motori e tecnologie capaci di stabilire nuovi standard di eccellenza in ogni campo di utilizzo. Come i propulsori per uso stradale della Serie Cursor, che offrono potenza, robustezza e bassi costi di gestione nel massimo rispetto per lâ&#x20AC;&#x2122;ambiente. MARINE

ON ROAD

OFF ROAD

POWER GENERATION

NON ESISTONO STRADE TROPPO IMPEGNATIVE PER I MOTORI FPT.

U OVUTYUNYT= OVU YR LSXOXPXUTX UNMXSV PY 5*YGYQTW YRYTWSX4 TXUTXSXMV PY OVMLSXUPXSX QX RX SYJRXQQYVUY PXRRW PVTTSYUW X RBXRWDVSWKYVUX PXRRW HYNSYE QLSNPXUKW QNY OSYMYUY PY HNXSSW LVQQWUV WUOVSW XQQXSX GWRYPX MWRHSWPV RW UNVGW JYQYVUVMYW WQQNUTW PWY OVUJRYTTY WSMWTYF :R MNTWTV >NWPSV HXVLVRYTYOV PY SYJXSYMXUTVI YR LSVHSXQQV TXOUVRVHYOV @A?I YR MYE HRYVSWMXUTV PXY MWTXSYWRY XI UVU PW NRTYMVI YR SNVRV WQQNUTV PWY MXPYW QVUV TNTTY XRXMXUTY PY YMLWTTV QNRRW LYWUYJYOWKYVUX QTSWTXHYOW XI WUOVS LSYMWI QNRE RBYUTXSLSXTWKYVUX PXRRBWMDYXUTX VLXSWTYGV X PXRRX UNVGX JVSMX PY MYUWOOYWF VUPYMXUVI YR QNLXSWMXUTV PXRRW PYLRVMWKYW TSW QYUHVRX WKYVUY W JWGVSX PXRRW 5OVQTXRRWKYVUX LVQTEUWKYVUWRX4 @8? YMLRYOW RV QLVQTWMXUTV PXR DWSYOXUE TSV PXOYQYVUWRX X VLXSWTYGV UXRRW LSXGXUKYVUX PXR OVUJRYTTV >NWUTV UXRRBWMDYTV PXRRV QTXQQV XGXUTNWRX OVUJRYTTVF 7X ;WSR GVU ;RWNQX.YTK XJJYOWOXMXUTX WJJXSMWGW OCX 5@D 69GAAD # @D ?BEFC7 E9D,CBEG <G@@D 8B@CFC?D ?BE D@FAC :G,,C4Z XZ OCXZ 5@D 69GAAD # 9E DFFB <C ;BA,D ?=G =D @B >?B8B <C ?B>FACE6GAG @ D44GA>DACB D >BFFB:GFFGA>C D@@D EB>FAD 4B@BE7 F 4I VHHYHYVSUV + PVGXSVQV YUTXSSVHWSQY OYSOW RW GWRYPYT= PXRRW PXJYUYKYVUX PXR JXUVMXUVF )G?FC9>I + PBVDDRYHV GXSYJYOWSUX UVU YR GWRVSX 3 OCX SYMWUX YMMNE TWTV 3 DXUQ RW MVPXSUYT=F 7VLSWTTNTTV PWRRBYUYKYV PXR UNVGV MYRRXUUYVI YR PYDWTTYTV QOYXUTYJYOV QNRRW UVKYVE UX PY OVUJRYTTV WSMWTV UXR PYSYTTV YUTXSUWKYVUWRX NMWUYTWSYV QY + YUTXUQYJYOWTVF XSV + OCX RW PYQONQQYVUX + TNTTBVSW WOOXQW XI W VLYUYVUX PY OCY QOSYGXI PVE GSXDDX XQQXSX MWHHYVSMXUTX OVRTYGWTW WTTSWGXSQV NUW QXSYW X QYQTXMWTYOW SYE JRXQQYVUX YR ONY XQYTV 3 W PYWRXTTYOW QGVRTW 3 LVTSXDDX JVSUYSX NU QYHUYJYOWTYGV QNLLVSTV LXS Y OVUQYHRYXSY HYNSYPYOY PXY 2WXQY XI LWSYMXUTYI LXS Y HYNPYOY UWKYVE UWRY X QVGSWUUWKYVUWRYF -W OVUGYUKYVUX TSVGW NU PNLRYOX SWPYOWMXUTV$ PW NU RWTVI YUJWTTYI QY QTWUUV JWOXUPV GYW GYW QXMLSX LY UNMXSVQY Y JWTTY PY GYVRXUKW SXWRYKKWTY PW HSNLLY WSMWTY UVU QTWTWRY XI PWRRBWRTSVI RW RXTTNSW @PY MWTSYOX QTWTNUYTXUQX? PXRRW HNXSE SW WR TXSSVSYQMV OVMX OVUJRYTTV WSMWTVF :UJWTTYI PW >NXR JWMYHXSWTV QXTTXMDSX 800AI YR LXUQYXSV 76 CW OVUOXTTNWRYKE KWTV RW OVQYPPXTTW 6@B2D@ 5DA BE FGAABA X YUPYGYPNWTV NU UNVGV WSOCXTYLV LXS RX SXHVRX PY PYSYTTV YUTXSUWKYVUWRX NMWUYTWSYV WLLRYOWDYRX RWPPVGX RX WKYVUY WSE MWTX QY QGVRHWUV OVUTSV HSNLLY TXSSVSYQTYOYF 6RRX WRTSX PYQOYLRYUXI PNU>NXI YR OVMLYTV PY QTNPYWSX RX UNVGX MVPWRYT= PY DXRRYE HXSWUKW @WQYMMXTSYOWI UVU OVUGXUKYVUWRXI OYDXSUXTYOWI WMDYXUTWRXI XOOF?I WR PYSYTTV YR PVGXSX PY XUNORXWSX NUW 3 JVSQX SYUUVGWTW 3 UVKYVUX PY OVUJRYTTV WSE MWTV OCX LVTSXDDX WUOCX UVU XQQXSX OVMLSXQW UXR LXSYMXTSV PXRRX PXJYUYE KYVUY TSWPYKYVUWRY X OVPYJYOWTX UXRRX ;VUGXUKYVUY PY !YUXGSW PXR A9 9 X UXY QNOOXQQYGY $ABFB?B@@C PXR A9((@1?F

:R LSXQXUTX RWGVSVI LXS SYQNRTWSX OVXE SXUTX SYQLXTTV WRRX LSXMXQQXI PXGX OVUQYPXSWSX QOVUTWTW RW OVUVQOXUKW PXRRBWMLYV X WUOVSW WLXSTV PYDWTTYTV QNRRX LSVDRXMWTYOCX PY OWSWTTXSX Q>NYE QYTWMXUTX HYNSYPYOV YU VSPYUX WRRW HNXSSW WR TXSSVSYQMV$ OCY QOSYGX QY RYE MYTXS= WRRW PYQWMYUW PXRRX GWSYX TYLVE RVHYX PY OVUJRYTTV OCXI QYUTXTYOWMXUTXI QY PXJYUYQOX YUTXSUWKYVUWRYKKWTVF " " " ! ! " " ! " ! " ! " 2XS NUBXJJYOWOX PYQWMYUW QOYXUTYJYOWI SYOVSPYWMV RW TSWPYKYVUWRX PYQTYUKYVUX TSW OVUJRYTTY WSMWTY YUTXSUWKYVUWRY X OVUJRYTTY WSMWTY UVU YUTXSUWKYVUWRY$ Y LSYMY QVUV >NXRRY YU ONY RX LWSTY YU HNXSSW QVUV PNX V LY 7TWTY QVGSWUY# Y QXOVUPYI YUGXOXI QY OWSWTTXSYKKWUV LXSOC' NUW V TNTTX RX LWSTY YU HNXSSW QVUV HSNLLY WSMWTY UVU QTWTWRY @ ?F 6UOCX QXI WLLWSXUTXMXUTXI RW LSYMW PYJJYOVRT= UXRRBWLLSVOOYWSX RW MWTXSYW QY YUQYUNW HY= UXRRW PYQTYUKYVUX TSW WKYVE UX WSMWTW YUTXSUWKYVUWRX X UVU 3 YUE GXSV 3 RW OSYTYOYT= YUYKYWRX QY WJJSVUTW WPPYSYTTNSW UXRRBYUPYGYPNWKYVUX PXRRW UVKYVUX HYNSYPYOW PY 5OVUJRYTTV WSMWTV4F 7X YR PWTV XMLYSYOV OY LVSTW W PYSX OCX + WSMWTV VHUY OVUJRYTTV YU ONY QVUV OVYUGVRTX LXSQVUX YU WSMYI OVQW PYSX PYUWUKY WR TXSSVSYQMV YUTXSUWKYVUWRX 6RRVSWI PY JSVUTX W QYTNWKYVUY UVU SYHYE PWMXUTX ORWQQYJYOWDYRYI QY OVUJYHNSW YR DYQVHUV PY NU UNVGV LWSWPYHMW PXE QOSYTTYGV OCX QVOOVSSW HRY VLXSWTVSY

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

AGC6E CEFGA4GEFCBE CE >988BAF B; DE CE>9A6GEF 6AB98 ;C6=FCE6 D6DCE>F DE G>FD2@C>=G< 6B4GAE:GEF4 @A8?F " " " ! " ! " ! " ! " ! " ! ! " ! " ! " ! ;VMX JWOYRMXUTX YUTNYDYRXI Y OVUTVSUY PWRRW MWTXSYW OCX OY YMLXHUW QY JWUE UV WUOVS LY YUOXSTY X RW QVQTWUKW MVQTSWI VSWI OVUQYQTXUKW MWHMWTYOWF /NTTWGYWI YU SYQLXTTV WY RYMYTY PXRRW LSXQXUTX PYQWMYUWI OY OVUTXSSXMV QVTTVRYUXWUPV OVMX PYUWUKY W NU OVUJRYTTV WSMWTV YUTXSUWKYVUWRYKKWTV @X TWRX YU SWHYVUX PXRRBYUTXSGXUTV PY NUV 7TWTV TXSKV?I RW PVTTSYUW CW 3 PY JWTTV 3 TXVSYKKWTV PNX PYQTYUTX LVQYE KYVUY PY LXUQYXSVF RBWPXSYSX WRRBNUW V WRRBWRTSW VLYUYVUX UVU QYHUYJYOW QVRV YLVTYKKWSX NUW PYJJXE SXUTX WLLRYOWKYVUX PXR PYSYTTV YUTXSUWE KYVUWRX NMWUYTWSYVI MW 3 RV QY WUTYOYE LW 3 YMLRYOW WUOCX WGXSX PYJJXSXUTY OVUQXHNXUKX HYNSYPYOCX WR TXSMYUX PXR OVUJRYTTVF

U LSYMV WSHVMXUTVI SYOVUPVTTV WRRW OVQYPPXTTW TXVSYW PXRRBWLLSVOOYV MYE QTV X JVUPWMXUTWRMXUTX WPVTTWTV PWR /SYDNUWRX 2XUWRX PXRRBX ,NHVE QRWGYWI QVQTYXUX OCX UVU QYW LVQQYDYE RX W LSYVSY PXTXSMYUWSX PXRRX OWSWTTXE SYQTYOCX OXSTX OCX OVUQXUTWUV PY PYE QTYUHNXSX UYTYPWMXUTX NU OVUJRYTTV YUE TXSUV PW NU OVUJRYTTV YUTXSUWKYVUWRYKE KWTV V PW NU OVUJRYTTV OVUTXMLVSWE UXWMXUTX YUTXSUV X YUTXSUWKYVUWRX @MYQTV?$ 5*D"GE FB6GF=GA0 F=G D6AGG7 :GEF> AGD?=G< 2GF5GGE F=G 4DACB9> 8DAFCG> FB F=G ?BE;@C?F > CE F=G !BA7 :GA 96B>@D4CD 2GDA B9F F=G 8B>C7

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

! ! " ! " ! " !

7XI WTTNWRMXUTXI + WQQWY OVMLRXQQV YUPYGYPNWSX YR MVMXUTV X YR JWTTV PBYUYKYV PY NU OVUJRYTTV WR LNUTV OCX MVRTV SWSXJWTTW + RW PXJYUYKYVUX PY WTTV PBWTTWOOVI NHNWRMXUTX WSTYOVRWTV + RBVLYUWSX SXRWTYGV WRRBYPXUTYJYOWKYVUX PXR TXSMYUX PXRE RBWKYVUX DXRRYOWF :UVRTSXI OVMX WUTYOYLWTVI RBWPVKYVUX PXRRW TXVSYW PXRRBWLLSVOOYV MYQTV V PXRRW TXVSYW PXRRBWLLSVOOYV HRVDWRX LVSTW OVU Q' OVUQXHNXUKX OVUOXTTNWRY X VLXSWE TYGX PNSWUTX YR OVUJRYTTV OVQ OVMX WR QNV TXSMYUXI MVMXUTV YU ONY YR PYSYTTV YUE TXSUWKYVUWRX NMWUYTWSYV UVU PXGX LY XQQXSX WLLRYOWTVF

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

2XS RW QVRNKYVUX PXRRBYUTXSSVHWTYGV OCX OY QYWMV LVQTYI PNU>NXI RW SYOCYWMWTW QXUE TXUKW PBWLLXRRV LWSSXDDX UVU VJJSYSX XRXMXUTY PY SYJRXQQYVUX NTYRY WRRW QVRNKYVUXF WHHYVSMXUTX PXJYUYTWI PY OVUTSVI QY MVQTSW RW LSVUNUOYW PXR /SYDNUWRX 2XUWRX :UTXSUWKYVUWRX LXS RBX ,NHVQRWGYW UXRRBWJJSVUTWSX RW MXPXQYMW >NXQTYVUX UXY LSVOXPYMXUTY WLXSTYI SYQLXTTYGWMXUTXI UXY OVUJSVUTY PY /WPY X PY ;XRXDYOYF :U XUTSWMDX RX PXOYQYVUYI YR /SYDNUWRX PY LSYMX ONSX WJJXSMWGW OCX RBWLLRYOWKYVUX PXRRX UVSMX PY PYSYTTV YUTXSUWKYVUWRX NMWUYTWSYV PXY OVUJRYTTY WSMWTY YUTXSUWKYVUWRY XQWNSYQOX RW QNW GWRYPYT= WR TWOXSX PXRRX VQTYRYT= YUTXSUWKYVUWRYF -X WLLXUW SYOVSPWTX OVUORNQYVUY QXMDSXSXDDXSV HVPXSX PY NUW MWHHYVSX OVXE SXUKWI QX UVU WRTSV LXSOC' SYOVUVQOVUV OVMX NU QYQTXMW UVSMWTYGV UVU LN XQQXSX WLLRYOWTV W QYTNWKYVUY XGYPXUTXMXUTX XQTSWUXX WR LXSYMXTSV PXQOSYTTV PWRRX SXHVRX MXPXQYMXF /NTTWGYWI WUOCX PXTTX QXUTXUKX UVU QXMDSW LVQQWUV WUPWSX XQXUTY PW OSYTYE OW LVYOC' YUPYGYPNWUV OVMX F9AECE6 8BCEF NU MVMXUTV OCX 3 UXRRW SXWRT= PXY JWTTY 3 + PY PYJJYOYRX YUPYGYPNWKYVUX$ RW OXQQWKYVUX PXRRX VQTYRYT= YUTXSUWKYVUWRYF %Y >NYI RW PYJJYOVRT= PY PXOYJSWSX >NWRX QYW YR MVMXUTV PXR LWQQWHHYV PW NU SXE HYMX UVSMWTYGV WRRBWRTSVF XRRW QTVSYWI Y OVUJRYTTY WSMWTY TSW 7TWTY WGXGWUV OVMX OXSTY RBYUYKYV X RW JYUX PXRRX VQTYRYT= LXSOC' YUPYGYPNWTY OVU RW PYOCYWSWKYVUX PY HNXSSW X UXRRBWOOVSPV PY TSXE HNW# HRY WTTNWRY OVUJRYTTY YUTXSUWKYVUWRYKKWTYI PY OVUTSVI UVU HVPVUV U' PY OXSTXKKW U' PY VMVHXUXYT= UXRRBYPXUTYJYOWKYVUX TWUTV PXR LSYMV >NWUTV PXR QXOVUPV @8A?F VUPYMXUVI NU TYMYPV OXUUV PY UVGYT= QXMDSW LVTXSQY QOVSHXSX UXRRW 7XUE TXUKW ;XRXDYOY RWPPVGX YR ;VRRXHYV HYNUHX WP WJJXSMWSX RBWLLRYOWKYVUX PXR PYE SYTTV YUTXSUWKYVUWRX NMWUYTWSYV PXY OVUJRYTTY YUTXSUWKYVUWRY QNR TXSSYTVSYV YU HNXSE SW QYUV WRRW HXUXSWRX OXQQWKYVUX PXRRX VQTYRYT=I W MXUV OCX UVU QY WO>NYQYQOW LSVGW OYSOW RW OVRRVOWKYVUX PXR JWTTV YU OVUQYPXSWKYVUX UXRRBWMDYTV PY NU OVUE JRYTTV YUTXSUVI TVTWRMXUTX QOYVRTV PW >NWRQYWQY RXHWMX OVU YR LY WMLYV OVUJRYTE TV YUTXSUWKYVUWRX @88?F SWUOWMXUTXI LVOV SYQVRNTYGV QXMDSW >NXQTV NRTXSYVSX WLLVSTV PY LXUQYXSV PWR MVMXUTV OCX QXMDSW >NWUTV MWY PYJJYOYRX LVTXS LSVGWSX OVMXI YU NUBWME LYW WSXW YU QTWTV PY HNXSSW X YU TXMLV PY HNXSSWI NU QYUHVRV MVMXUTV OVUJRYTE TNWRX QYW RXHWTV W NU JWTTVSX PYJJXSXUTXF -V QTWTV PXRRBWSTX QXMDSWI PNU>NXI SXHYQTSWSX NUBC:8D>>G XI >NYUPYI WTTXUPX UNVGY X QTYMVRWUTY OVUTSYDNTY PY LXUQYXSVF 2XS SYQLVUPXSX WRRW QVRRXOYTWKYVUXI TWRNUY 6NTVSY CWUUV YLVTYKKWTV NUW SYJVSMW UVSMWTYGWF %YJWTTYI QXMDSWUPV LSXQQVOC' YMLVQQYDYRX PXTXSMYUWSX UXTTWE MXUTX RW JYUX PXR MVPXSUV OVUJRYTTV WSMWTVI PYUWUKY WY MVRTV PYGXSQY >FDE7 <DA<> OVUTXMLRWTY UXR PYSYTTV NMWUYTWSYV PXY OVUJRYTTY WSMWTY YUTXSUWKYVUWRX X PY >NXRRY UVU YUTXSUWKYVUWRYI SXUPXSX VMVHXUXX RX SXHVRX LSVLSYX WRRBNUV X WRE RBWRTSV QYQTXMW LVTSXDDX XQQXSX YR MVPV LXS HWSWUTYSX W TNTTY Y DXRRYHXSWUTYI YU >NWRNU>NX MVMXUTVI RX MXPXQYMX HWSWUKYX @81?F +44B?DFB0 FCFB@DFD 1+(%0 .G6+< 1(*)1% @A? 2XS TNTTYI /VJJRXS 6F FI 5 WS WUP 6UTYE

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

EBFCBE <G ?BE;@CF DA: ?DAD?F#A EBE 1E7 FGAEDFCBED@I YU 66F FI 5/CX X. NMWE UYTWSYWU -W. VJ 6SMXP ;VUJRYOT4I W ONSW PY ;WQQXQX 6FI WLVRYI A9(AI LF 8 " X QQF @9? QXMLY UVTY W TNTTY QVUV RX GYOYQQYTNPYE UY PXR WQCMYSI PXRRB6UHVRW X PXRRBWSXW DWROWUYOWF @A0? & 8@9AC:C>I 7OCYUPRXS %FI 1EFGAED7 FCBED@ -9:DECFDACDE .D5 DE< CEFGAEDFCB7 ED@C,G< CEFGAED@ DA:G< ?BE;@C?F>I YU 5:UE TXSUWTYVUWR *XGYX. VJ TCX *XP ;SVQQ4I UF 810I A9"8F @AA? 7Y LWSRWI YU QYMYRY OWQYI PY 5DA> 23 8AB&3F @A8? 7TX.WST ,F!FI *B5DA<> D >CE6@G <G;C7 ECFCBE B; DA:G< ?BE;@C?F CE F=G 1EFGAEDFCBED@ -9:DECFDACDE .D5 + ?ACFC 9G B; CEFGAED7 FCBED@C,G< DA:G< ?BE;@C?FI YU 5:UTXSUWTYVUWR *XGYX. VJ TCX *XP ;SVQQ4I VRF " I 8001F @A1? 5/WPY 6LLXWR ,NPHXMXUT4I LWSF (1F 2XS NUBYUTXSXQQWUTX RXTTNSW PXR LSVOXQE QV OXRXDSWTV UXY OVUJSVUTY PY OVRNY OCX JN HYNPYOWTV SXQLVUQWDYRX PY UNMXSVQY OSYMYUY PY HNXSSWI PNSWUTX YR OVUJRYTTV UXRRBX ,NHVQRWGYWI QY SYUGYW W !SXXUE .VVP ;FI 1EFGAEDFCBED@ -9:DECFDACDE .D5 CE F=G /WPY ?D>GI YU 5 NSVLXWU ,VNSUWR VJ :UTXSUWTYVUWR -W.4I A99)F @A ? 2XS TNTTYI O %VUWRP 6FI *=G 3GDA CE AG4CG5I YU 5 XWSDVV VJ :UTXSUWTYVUWR NE MWUYTWSYWU -W.4I A99"I LF A8A X QQF @A ? -W TXVSYW PXRRBWLLSVOOYV HRVDWRX CW TSVGWTV QVQTXHUV WUOCX PW LWSTX PXRRW ;VMMYQQYVUX PY QLXSTY PXRRX WKYVUY

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

KS "ORNJTLJR ;RNNRPROQ T RMTNPSNR ;QLJQ

*?RKKTLPORGTNPQ 2 M?RPPSFSP: J@T ERORNPSLJT MR NTJTLLROSR HOTHRB ORCSQNT PTJNSJQBHOQATLLSQNRMT TK TPSJR HTO RAAOQNPROT JQN LIJB JTLLQ MT LASKT T S JQGHSPS RLLTENRPS RMM? LTOJSPQ .PRMSRNQ LIM PTOOSB PQOSQ NRCSQNRMT TK TLPTOQ= *R HOQATLLSQNRMSP: KTS GSMSPROS FSTNT JQLPOISPR T GQKTMMRPR RPPORFTOLQ RPPSFSP: JQLPRNPSD JQNPSNITD TAASB JRJS T LQHORPPIPPQ JQTOTNPS JQN MT LASKT RPPIRMS T AIPIOT= 5)SFSLPR /SMSPROT4 @R FSLSPRPQ SM ;QGHOTNLQOSQ /SMSPROT KS 3TOLRNQ= (N MIQB EQ K?TJJTMMTNCR KQFT QENS LSNEQMQ OTEESGTNPQ HI TAATPPIROT PIPPT MT RPPSFSP: KS RHHOQNPRGTNPQ=

OT JRLTOGT ,5;IJJS4D 5;RHQNT4D 5)QNER4+D KSFTOLS HQMSEQNS T LPOIPPIOT RKKTLPORPSFT KSLMQJRPS SN INR GRJOQ ROTR KS QMPOT LTPPT J@SMQGTPOS KS MINE@TCCR T JSOJR POT KS MROE@TCCRD HTO 7IRLS POTGSMR TPPROS KS TLPTNLSQNTD ORJJ@SILS POR SM ASIGT 6TMT T SM LIQ RAAMITNPT ;RMQOT T JSOJQNKRPS KRS GQNPS 8M<IONSD 3SJTNPSNS T *RPPROS= 7ITLPQ SM ;QGHOTNLQB OSQ /SMSPROT KS 3TOLRNQ KTMMR OSERPR <TOLREMSTOS 5%ROS<RMKS4D KQFT M?IQGQ LQMKRPQ HI RKKTLPOROLS TK TLLTOT RKKTLPORPQ HTO GRNPTNTOT LTGHOT RMB PQ SM HOQHOSQ MSFTMMQ KS TAASJSTNCR QHTORPSFRD LSR SN HOQSTCSQNT KS RHHOQNPRB GTNPS GSORPS RMM?SGGSLLSQNT SN 0TRPOS TLPTOS LSR HTO M?RKKTLPORGTNPQ ! ! R JIS QENS LQMKRPQ KTFT TLLTOT LQPPQHQLPQ HTO SM OREESINESGTNPQ KTMMR JQNKSCSQNT KTM 5HOQNPS RMM?SGHSTEQ4= 5)SFSLPR /SMSPROT4 @R FSLSPRPQ SM ;QGHOTNLQOSQ /SMSPROT KS 3TOLRNQ HTO ORJJQNPROT SM HOTCSQLQ T RMRJOT MRB FQOQ HOQAILQ SN KSOTCSQNT KS 7ITLPQ SGHQOPRNPT T AQNKRGTNPRMT JQGHROB PSGTNPQ KTMM? LTOJSPQ .PRMSRNQ= ;QN S NQLPOS QJJ@S R<<SRGQ RFIPQ GQKQ KS FTKTOT SM EORNKT ATOGTNPQ T SM MRFQOQ 7IQPSKSRNQ J@T JQNLTNPT RS KSFTOLS OTHROPS T RMMT FROST INSP: KTMMR "QOCR 8OGRPR T NQN LQMQ KS RKKTLPOROLS SN QENS HTOSQKQ KTMM?RNNQD SN PIPPT MT JQNKSCSQNS JMSGRPSJ@T LSR NTMMT ROTT RKKTLPORPSFT RMM?RHTOPQ LSR SN 7ITMMT RM JQHTOPQ= (N <OIMSJROT KS TLTOJSPRB CSQNSD J@T SNLSLPQNQ 7IQPSKSRNRGTNPT RMM?SNPTONQ KTM ;QGHOTNLQOSQD J@T @R MR HQPTNCSRMSP: KS RJJQEMSTOT T LQKKSLAROT MT KSFTOLSASJRPT TLSETNCT RKB KTLPORPSFT RNJ@T R MSFTMMQ OTEESGTNPRMTD JQNLTNPTNKQ KS HQOPROMT R JQGB HSGTNPQ RMPOTL' SN JQNPTGHQORNTR RPPORFTOLQ MR OQPRCSQNT KTMMT FROST RPPSB FSP: NTMMT KSFTOLT ROTT= 8 ORJJQNPROJSD LTNCR <SLQENQ KS POQHHT HROQMTD SM LQLPRNCSRMT OSMSTFQ KTM ;QGHOTNLQOSQ /SMSPROT LQNQ RNCSPIPPQ S NIGTOS= *R KSLHQNS<SMSP: RNNIR KTMMT ESQONRPT HQPTNCSRMS HTO M?IPSMSCCQ KTS HQMSEQNS 2 KS = 1 ESQONS PQPRMS QMPOT -1=111 2 MR GTKSR RNNIR KTMMT INSP: KTM HTOLQB NRMT RKKTLPORPQ SN RPPSFSP: R AIQJQ -- LI -1 2 MR GTKSR RNNIR KTMMT ESQONRPT KS SGHSTEQ R AIQJQ= $TM 5JTOFTMMQNT4 KTMMR JTNPORMT HQMSEQNS -

JQNFTOEQNQ PIPPT MT SNAQOGRCSQNS J@T JQNLTNPQNQ M?RLLTENRCSQNT HTOSQB KSJR KTMMT ROTT RKKTLPORPSFT SN <RLT RMMT OSJ@STLPT HTOFTNIPT= !R M'D EORCST R INR EORNKT GRHHR KTMM?SNPTOR ROTRD IN JQMHQ K?QJJ@SQ SGGTKSRPQ HTOB GTPPT MR FSLSQNT ETNTORMT KTMM?SGHSTEQ KS PIPPT MT ROTT T KS PIPPS S " RKB KTLPORPSFS= 6868D 6860D ;8%6/D 2 POR MR JRLTOGR 5;IJJS4 T MR 5;RHQNT4 J@T M?IQGQ LQMKRPQ RPPIR M?RPPSFSP: RKKTLPORPSFR HTO JQNLTNPSOT SM GRNPTB NSGTNPQ KTMM?TAASJSTNCR HLSJQBASLSJR= ITLPS LQNQ SNARPPS S POT HTOJQOLS HTNLRPS HTO HOTHROROLS T GRNPTNTOLS LTGHOT NTEMS ! ! OSJ@STLPS= *R 6868 2 MR 6POSLJSR 8KKTLPORPSFR 6QMKRPQ 8PMTPRD IN HTOJQOLQ KS 11 GTPOSD KS JIS S HOSGS 11 KR AROT KS JQOLRD HTO LFSMIHHROT MT HQPTNCSRMSP: ASLSJ@T KTM LQMKRPQ RPPORFTOLQ SM LIHTORGTNPQ KS FROS QLPRJQMSD JSOJR INR FTNPSNRD J@T FRNNQ KRMMQ LJRFRMJRGTNPQ KTM AQLLQ RMM?RPPORFTOLRGTNPQ KS IN LTNB PSTOQ SN HOTJROSTP: KS T7ISMS<OSQ ASNQ RMMQ 5 ! " 4 JQN ROGR SN HINPRGTNB PQ T RMM?RLLRMPQ JQN MR <RSQNTPPR= TNPINQ QLPRJQMS KSLMQJRPS LI INR MINB E@TCCR KS 11 GTPOS JQLPSPISLJQNQ SNFTJT MR 6860D QFFTOQ MR 6POSLJSR 8KB KTLPORPSFR 6AOIPPRGTNPQ KTM 0TOOTNQD IN HTOJQOLQ GSORPQ RK RKKTLPOROT SM LQMKRPQ RMMQ LAOIPPRGTNPQ KS QLPRJQMS NRPIORMS Q ROPSASJSRMS ,GIOTPPQ R LTJB JQD AQLLQD LSTHTD POQNJ@S K?RM<TOQD SNAQLLRGTNPQ KTM PTOOTNQD GIJJ@S KS

PTOOR TJJ===+ RPPIRNKQ MT LHTJSASJ@T PTJNSJ@T KS GQFSGTNPQ JQN JQHTOB PIOR SNKSOSCCRPRD NTMMR LIR AOISCSQNT KS <RLTD LQMSPRGTNPT RMM?RKKTLPORB GTNPQ KS INR 5JQHHSR4 KS GSMSPROS ,INQ SN JQHTOPIOR T M?RMPOQ SN GQFSB GTNPQ+= 3S ROPSJQMRPQ T JQGHMTPQ 2 SNFTJT SM ;TNPOQ 8KKTLPORPSFQ %SNNSJQ 6HQOPSFQ /SMSPROT ,;8%6/+D INR FTOR T HOQHOSR TJB JTMMTNCRD RNJ@?TLLR HINPR KS KSRB GRNPT KTM FROSQ FTNPREMSQ KS HQLLSB <SMSP: RKKTLPORPSFT OSJRKTNPS RMM?SNB PTONQ KTM ;QGHOTNLQOSQ /SMSPROT= 6S PORPPR KS INR FTOR T HOQHOSR 5HRB MTLPOR4 RMM?RHTOPQD SN EORKQ KS AQONSB OT M?QHHQOPINSP: KS LFQMETOTD JQN EORKIRMSP:D MR HOTHRORCSQNT NTJTLB LROSR HTO RAAOQNPROT EMS QLPRJQMS KTM JRGHQ KS <RPPREMSR= .M HTOJQOLQ LS LNQKR RPPORFTOLQ INR LTOST KS 5<ROOSTOT4 J@T JQNLTNPQNQ KS LFQMETOT KSFTOLS PSHS KS RPPSFSP: 7IRB MS JQOLRD T7ISMS<OSQ LI RLLS SN KSLMSB FTMMQ T LI PRFQMT QLJSMMRNPSD FQMPTEB ESD LRMPQ KRMM?RMPQ T SN MINEQD LQB LHTNLSQNSD ROORGHSJRPTD LJRMRPTD HRLLREESQ LI AINSD GQFSGTNPQ JROHQNS T LI KQOLQ LQPPQ OTPSJQMRPSD LIHTORGTNPQ KS PTOOTNQ OQPPQ T KS GRJTOSTD TLTOJSCS KS LHSNPR T PORB CSQNS= .M PIPPQ HTO OREESINETOT IN MSB FTMMQ KS HOTHRORCSQNT ASLSJQBRPMTPSB JQ RKTEIRPQ RMMT TLSETNCT KTM JQG<RPPTNPT GQKTONQ= 8MM?SNPTONQ KTMMR JRLTOGR 5;IJJS4 LS POQFR RNB J@T SM ! ,"806+D IN LSLPTGR SNAQOGRPSJQ SNB PTEORPQ KS LSGIMRCSQNTD ASNRMSCCRPQ RM GSEMSQORGTNPQ KTMM?RKKTLPORB GTNPQ SNKSFSKIRMT= 8PPORFTOLQ KSB FTOLS LJTNROSD LSR KSNRGSJS J@T LPRPSJSD FROSR<SMS R LTJQNKQ KTMMT TLSETNCT KTM OTHROPQ TLTOJSPRPQD LQNQ ASN 7IRPPOQ S PSORPQOS J@TD RNB J@T SN JQNPTGHQORNTRD HQLLQNQ RFFRMTOLS KS 7ITLPQ LPOIGTNPQ RKB KTLPORPSFQ SNNQFRPSFQ T RMM?RFRNB EIROKSR SNRIEIORPQ RMM?SNPTONQ KTM ;QGHOTNLQOSQ KS 3TOLRNQ 7IRMJ@T RNNQ AR= 6TSD SNFTJTD LQNQ MT HSRCB CQMT KS PSOQ KTM HQMSEQNQ SN ERMMTB OSR= (NR LSPIRCSQNT QPPSGRMT HTO SM PSORPQOT J@T HI TLTOJSPROLS LHRB ORNKQ ASNQ R JTNPQ GTPOS= 8JJRNPQ R QENS HQLPRCSQNT 2D SNARPPSD I<SJRB PQ IN FSLIRMSCCRPQOT J@T OSHQOPR SM HINPTEESQ KTM PSOQ SN JQOLQ= 8MMR ASB NT KTMMR LTLLSQNT KS PSOQ 2 HQLLS<SB MTD HQSD LPRGHROT RNJ@T S OSLIMPRPS= 0OR MT HTJIMSROSP: J@T JQNPOS<ISB LJQNQ R AROT KTM ;QGHOTNLQOSQ IN JQGHMTPQ JTNPOQ HTO M?RKKTLPORB GTNPQD FS LQNQ HQS S KIT " KTM -

" ! " ,;#3+ T KTM SMMREESQ OIORMT= .M ;#3 2 IN RFRGHQLPQ AQOPSASJRPQD JQLPSPISPQ 7IRMT <RLT KS QLLTOFRCSQNT JQNPOQMMQ KTS AMILLS Q PORAASJS SN PTOOSPQOSQ QLPSMT= )SLHQNKT RMM?TLSETNCR KS RKKTLPOROT SM HTOLQB NRMT KS HOTFSLPR SGGSLLSQNT SN 0TRPOS RK RMPR SNPTNLSP: MRKKQFT LILLSLPR MR NTJTLLSP: KS JOTROT TD LIJJTLLSFRGTNPTD HOTLSKSROT PRMS RFRGHQLPS= 6S PORPPR KS INR OSHOQKICSQNT TLPOTGRGTNPT ATKTMT KS 7ITMMS TLSLPTNPS NTS 0TRPOS #HTORPSFS T JQNLTNPT RMMT INSP: KS FSFTOT T QHTOROTD HTO HTOSQKS HS Q GTNQ MINE@SD SN JQNKSCSQNS LSGSMROS R 7ITMMT KTS 0TRPOS JQLSKKTPPS RK RMB PQ OSLJ@SQ= 3TOGTPPTD RMPOTL'D KS OSJOTROT TFTNPS FTOQLSGSMS R 7ITMMS SN QHTB ORCSQNTD KRNKQ JQL' MR HQLLS<SMSP: RS ;QGRNKRNPS R PIPPS S MSFTMMS KS PTLPROT MR OTRMT HOTHRORCSQNT KTM HOQHOSQ HTOLQNRMT= $TS HOTLLS KTM " ! " RNJ@T INR HSLPR 5" "! 4 HTO 0*/D JQN KTS HINPS FIMNTOR<SMSD HTNLRPR HTO TLTOJSPROT SM HTOLQNRMT RMMR GSNRJJSR KTOSFRNPT KREMS " " ,. !L+= .M SMMREESQ OIORMT ORHHOTLTNPR INR OSHOQB KICSQNT KTS FSMMREES PSHSJS KTMM?ROTR GTKSQOSTNPRMT= ;QNLTNPT RMMT INSP: KS RKKTLPOROLSD SN GRNSTOR FTOQLSGSMTD RMMT QHTORCSQNS KS PSHQ IO<RNQ SN JQNB KSCSQNS OTRMSLPSJ@T HTO 7ITS 0TRPOS= .N HROPSJQMROTD MT INSP: HQLLQNQ QOERB NSCCROT T JQNKIOOT RPPSFSP: KS JQG<RPPSGTNPQ NTS JTNPOS R<SPRPS TK TAATPB PIROT QHTORCSQNS KS " " ! ! D QHTORNKQ SN IN RG<STNPT KTM PIPPQ RNRMQEQ R 7ITMMQ SN JIS LRORNNQ J@SRGRPT R QHTOROT SN 0TRPOQ #HTB ORPSFQ= 8MM?SNPTONQ KTM <Q RKKTLPORPSFQD SNARPPSD LQNQ HOTLTNPS MT GTKTLSB GT LPOIPPIOT KS IN FSMMREESQ GTKSQOSTNPRMT QMPOT J@T INR LTOST KS QLPRJQMS NRPIORMS SN JIS OTRMSLPSJRGTNPT JS LS SG<RPPT 7IRNKQ LS QHTOR SN LJTNROS LSGSMS= 8M GQGTNPQ KTM NQLPOQ " ! R<<SRGQ RFIPQ GQKQ KS FTKTOT JQGT S KSFTOLS OTHROPS HQLLQNQ RKKTLPOROLS RMM?SNPTONQ KTMM?ROTRD RNJ@T GTKSRNPT M?IPSMSCCQ KTS KSFTOLS HQMSEQNS RMM?RHTOPQ= OTEESGTNPQ JROOSD OTEESGTNPQ ROPSEMSTOSRD OTEESGTNPQ <TOLREMSTOSD LQNQ 7ITLPS S OTHROPS J@T R<<SRGQ FSLPQ RKKTLPOROLS NTS KSFTOLS HQMSEQNS T RMM?SNPTONQ KTM SMB MREESQ OIORMT= *?RGHSTCCR KTEMS LHRCS JQNLTNPTD SNARPPSD HROPSJQMROGTNPT RS KIT OTEESGTNPS KQPRPS KS GTCCS HTLRNPSD KS TAATPPIROT PIPPR INR LTOST KS RPPSFSP: T GRNQFOT RPPT RMMR HOQHOSR HOTHRORCSQNT GSMSPROT MTERPR RNJ@T RS GTCCS SN KQPRCSQNT= JQL' R<<SRGQ FSLPQ GIQFTOT EMS 58OSTPT4 T S 53 1114 OSLHTPPSFRGTNPT NTMM?RG<SPQ KS KIT TLTOJSPRCSQNS KTM JROOS T KTMM? ROPSEMSTOSRD MR HOSGR SNTOTNPT IN?RPPSFSP: ; )$ ,;@SGSJRD RPPTOSQMQB ESJRD )RKSQMQESJRD $IJMTROT+ J@T @R FSLPQ M?SGHSTEQ KS IN HMQPQNT JROOS SN

RPPRJJQD SN JQNPTLPQ ! T KTM HQB LPQ KS <QNSASJR OTEESGTNPRMT MR LTJQNKR RPPIRPR KR INR <RPPTOSR KS ROPSEMSTOSR SN GQFSGTNPQ PRPPSJQ MQESLPSJQ MINEQ IN SPSNTOROSQ PTNB KTNCSRMGTNPT LSJIOQ JQN OSJ@STLPR K?SNPTOFTNPQ LI KS IN # ,Q<STPB PSFQ+ NQN HOTKSLHQLPQD GR RMPRB GTNPT OTGINTORPSFQ T AIERJT= (NR JQONSJT QPPSGRMT HTO M?RKKTB LPORGTNPQD KREMS RGHS LHRCSD SN JIS R<<SRGQ FSLPQ RNJ@T GTPPTOT SN JRGHQ PIPPR MR FROSTERPR T GIMB PSAQOGT HQPTNCSRMSP: KTM OTEESGTNB PQ MQESLPSJQ 5%ROS<RMKS4 SGHTENRB PQD NTS ESQONS KS NQLPOR HTOGRNTNB CR NTM ;QGHOTNLQOSQD SN RPPSFSP: RMM?SNPTONQ KTMMT ROTT RPPORFTOLQ M?RHHOQNPRGTNPQ KS KSFTOLS GQKIB MSD KRMM?QLHTKRMT KR JRGHQ RMB M?RFRNEIROKSRD RMMT JIJSNT JRGHRB MS= 0IPPQ 7ITLPQD T GQMPQ RMPOQD 2 SM ;QGHOTNLQOSQ /SMSPROT KS 3TOLRNQ JQGRNKRPQ KRM ;QMQNNTMMQ "RILPQ 0OQSLS= !S HOQLLSGR OTRMSCCRCSQNT HQS RMPOT ROTT RKKTLPORPSFT JSQ2 MR LPOSLJSR ; )$D MR PQOOT KS ROKSB GTNPQ T SM LSGIMRJOQ KS TMSJQPPTOQ= (N FTNPREMSQ OSJJQ T KSAATOTNCSRPQ KS HQLLS<SMSP: J@T JQNLTNPT M?RKB KTLPORGTNPQD RNJ@T SN JQNPTGHQB ORNTRD KS OTEESGTNPS T OTHROPS KTMM? LTOJSPQ .PRMSRNQ= 3TOJ@ 2 JQN M?RKKTLPORGTNPQ J@T LS AQOGR M?IQGQ LQMKRPQ=

3QMSEQNS 728(717 81 5226385 074547 08 -85%%726 , 728(717 5 +536 &$5+-7" 271(7# -63 26%8718 08 4837 60 6/63.845%8718 5 '7.79 81795 28!6227 / '5035 +74738%%545 , 728(718 -63 6/63.845%8718 5 '7.7 '17 5 28!6227 -274716 &$5-5116 #96 5 28!6227 .7+-26//7 +81736 .735%" %547 &$5-5116 # , 728(718 -63 6/63.845%8718 08 4837 .71 7+ 5 5 +517 &)-816479 # , 1 -728(717 '/547 -36!5" 26146+6146 05226 73%6 08 728%85 6 $535 818638 &*(605 85#

6POIPPIOT RKKTLPORPSFT , 8225((87 3'3526 , 8/45 " * , * )9& 836 *3+/ 358" 181( ) /46+# , )*) &)438/.85 *006/43548!5 ) 3'445+6147 062 633617# , )*)* &)438/.85 *006" /43548!5 )720547 *42645# , $ 9&$7+ 54 '4-7/4# , $* ) &$61437 *006" /43548!7 8118.7 )-7348!7 8284536 , )438/.85 $" &$7'1463 # , * & 716 *446335((87 28.744638#

8OTT RKKTLPORPSFT , *366 -63 82 .7+ 5448" +6147 168 7/. 8 , *366 -63 5006/435" +6147 08 -544'(285 , *366 -63 5448!84 2'!8528 6 / 53. 8 052 +536

"IPIOR OTRMSCCRCSQNT , )438/.85 $

, 7336 08 5308+6147 , )8+'25.37 08 628.744637

MM HOQAIGQ KS RMMQOQ PS SNT<OSR T PS LRMT LI HTO MT NROSJSD MR FTETPRCSQNT OSB EQEMSQLR T R PORPPS ASPPR LS RMPTONR R JRGHS LPTOGSNRPS T FTOKS= .M ;QGHOTNB LQOSQ /SMSPROT KS 3TOLRNQ 2 IN GQNKQ NTM GQNKQ J@T LS LFTMR RM 5FSLSPRB PQOT4= 8<<SRGQ RFIPQ SM HSRJTOT T M?QNQOT KS JQNQLJTOT RNJ@T S GTRNKOS HS OSHQLPS KTMMR <TMMSLLSGR ROTR RKKTLPORPSFR= 0OR NRPIOR T LPQOSR R<<SRB GQ HQPIPQ EQKTOT KTMMT LIT <TMMTCCT T KTS LIQS PTLQOS= .M LSMTNCSQ T SM OIB GQOT KTMMT AOTLJ@T T MSGHSKT RJ7IT KTM ASIGT ;RMQOT JILPQKSLJQNQ RM<TB OS LTJQMROSD RNPSJ@S HQNPSD HQCCSD LPRMMT HTO M?RMMTFRGTNPQ KTMM?RNPSJR ORCCR KTM JRFRMMQ 3TOLRNQ= .M ;QGHOTLQOSQ 2 HQS RNJ@T MR LIR 5;RLSNR OTRMT4= (N MIQEQ SN JIS SM PTGHQ LTG<OR TLLTOLS ATOGRPQD QEES LTKT KTM OTEESB GTNPQ MQESLPSJQ 5%ROS<RMKS4= ;QLPOISPR NTM - D HOTLTNPRFR QOSESNROSRB GTNPT INR HSRNPR HTOATPPRGTNPT 7IRKORPRD IN TKSASJSQ MR JIS ETQGTPOSR LS LFSMIHHRFR RPPQONQ R IN JQOPSMT JTNPORMT IPSMSCCRPQ JQGT KSLSGHTENQ POR MT HROPS T KTJQORPQ KR INR LTOST KS ROJRPT QOERNSCCRPT LI KIT QOKSNS= "I RJ7ISLPRPR KR ;ROMQ KS QO<QNT NTM - SN JRG<SQ KTM ATIKQ KS ;RLRM KS 3OSNJSHT KQHQ INR MINER PORPPRPSFR JQN SM !IJR KT )QLLSD ATIKRPROSQ KS 6TOOT= .M )TD J@T M' FS RFTFR LQEESQONRPQ SN INR LQLPR KS OSPQONQ KIORNPT IN FSREESQD OSGRLT SNJOTKS<SMGTNPT JQMHSPQ KRMMR NRPIOR T KRMMR ARINR KTM MIQEQ T KTJSLT SGGTKSRPRGTNPT KS TMTEETOMR R HOQHOSR KSGQOR KS JRJJSR= *?TKSASJSQ NTJTLLSPRFRD HTO D KS RMJINT GSEMSQOST HTO OTNKTOT SM MIQEQ HS JQNLQNQ RK QLHSPROT MR ARGSEMSR OTRMT= *R OTRMSCCRCSQNT KTMMR 5;RLSNR4 FTNNTD JQL'D RAASKRPR RMM SNETENTOT GSMSPROT %SQFRNNS !QGTNSJQ 3SRNR J@TD KQHQ RFTO KTGQMSPQ JQGHMTPRGTNPT SM FTJJ@SQ TKSASJSQD NT JQLPOI' INQ " "D LIJJTLLSFRGTNPT OSGRNTEESRPQ KR *ISES RNFSPTMMS NTM - 1

NS NT LPOIPPIOR= #EES LSS H HOTLTNPR LI MMR R L POIPPIOR= # EES L OTLTNPR L I KIT MSFTMMSD IN HQOPRMT K?SNEOTLLQ SN HSTPOR RAASRNJRPQ KR KIT EROSPPTD IN RPOSQ KTJQORPQ R LPIJJQ SN JIS OSB LRMPR INQ LJRMQNT PTOGSNRNPT JQN INR LPRPIR SN GROGQ ORAASEIORNPT IN JRNT KR EIROKSR ,RPPOS<ISPQ R 8NPQNSQ ;RNQFR+= 3TOJQOOTNKQ M?QOKSNRPQ JQOPSMTD KRM HQOPRMT K?SNB EOTLLQD JS LS POQFR KS AOQNPT RMMR ;RHHTMMR HOSFRPR KTM HRMRCCQD INR LPOIPPIOR LTGHMSJT T LQ<OSR JQGB HQLPR KR INR HSRNPR OTPPRNEQMROT LQOGQNPRPR KR KIT JIHQMT TMMSPPSB J@T JQN MRNPTONSNQ= !TMMT GQKRNRB PIOT HMRLPSJ@TD KTEMS RAAOTLJ@S T KS GQMPT KTMMT KTJQORCSQNS J@T QONRB FRNQ M?TKSASJSQ NTS LIQS LRMQNS KS ORHHOTLTNPRNCRD LQNQ OSGRLPT HQB J@T PORJJT J@T JQNLTNPQNQ PIPPRB FSR KS RHHOTCCROT MR HOTETFQMT ARPB PIORUTUMQ LPSMT KS JTOPQUEILPQ FRJJRB OSRNQ= 8MM?SNPTONQ KS INQ KTS PQOOSQB NS 2 JILPQKSPR IN FTOR HTOMR KS PTJB NSJR JQLPOIPPSFR AOIPPQ KTMM?SNETENQ FRNFSPTMMSRNQ= 6S PORPPR KS INR LJRMR RIPQHQOPRNPT J@T HTO M?THQJR TOR INR FTOR T HOQHOSQ QHTOR RMM?RFRNB EIROKSR= $TMM?TKSASJSQ KS AOQNPT RM HMTLLQ HOSNJSHRMT KTMMR JRLSNR 2 JQNLTOFRPQD RNJQOR HTOATPPRGTNPT AINCSQNRNPTD IN RNPSJQ QOQMQESQ J@T LJRNKSLJT MT QOT KS MRFQOQ KTS NQLPOS LQMKRPSD RJJQGHRENRNKQMT EORCST RMMQ LAQOCQ KS RMJINS KS MQOQ J@T 7IQPSKSRNRGTNPT LS HOTNKQNQ JIOR KTM LIQ AINCSQNRGTNPQD QMSRNB KQNT EMS SNEORNREESD JROSJRNKQMQ T HOTQJJIHRNKQLS J@T PIPPQ JQNPSNIS R AINCSQNROT JQOOTPPRGTNPT= (NR LJQHTOPR KSTPOQ M?RMPORD JQGT INR LJRPQMR JSNTLTD SM ;QGHOTNLQOSQ LFTMR RS NQLPOS QJJ@S S LIQS KQNS HS HOTCSQLS= (N HSJJQMQ ESQSTMMQ KS ROJ@SPTPPIOR LRMFRPQ KRM PTGHQ EORB CST RMMR LIR HROPSJQMROT KTLPSNRCSQB NT= 6HMTNKSKQ TLTGHSQ KS OSILQ AINCSQNRMT J@T RJJQOKR MR FSPR KS IN MIQEQ K?ROPT JQN MQ LFQMESGTNB PQ KTMMT NQOGRMS AINCSQNS KS INR JRB LTOGR GSMSPROTD KQNRNKQ RMMT LPTLB LT INR JQONSJT LTNCR TEIRMS= 8731528/45 74736-73463

visit our sites: www.fkmdknives.com and www.defcon5italy.com

# # % % #

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

KP LPERIRN5 IR LQPCROMQ MQK -NLPNNPLQ. O>RQNNR@R EOJNR RM :GPKGM:GQ IRLQCROA MQ Q MQKKP LRIGCROMQ IQR NQFER MQA HQJJPLR PKKP ELQEPLPCROMQ IQK NRLO< +QL LPDDRGMDQLQ :GQJNR O>>RQNNR@R JOA MO JNPNR @RP @RP RFEKQFQMNPNR MGO@R JRJNQFR IR JOL@QDKRPMCP IQK HPFEO IR >PNNPDKRP Q IR RMIR@RIGPCROMQ IQDKR O>RQNNR@RB Q MGO@R JRJNQFR RM?OLFPNRCA CPNR HPEPHRB IP GM KPNOB IR DPLPMNRLQ K=RMNQDLPCROMQ RM 1642 /5*6 HOM KP HPA NQMP IR *OFPMIO Q *OMNLOKKO QB IPKK=PKNLOB KP NQFEQJNR@PB ELQHRJP QI

' ) ( ( &($ *!$( (" ) ! * )&&) "*) * $ ! * '( * *&* (' " )'&* "*('*) 0K ELODLQJJR@O IRKPNPLJR IQKKQ IRFQMJROMR IQK HPFEO IR >PNNPDKRP Q KP IRMPFRHRA N5 IQKKQ OEQLPCROMR ;PMMO LRH;RQJNO PKK=PLNRDKRQLRP ELQJNPCROMR JQFELQ FRDKROLR MQK HPFEO IQKKQ DRNNPNQB IQKKP ELQHRJROMQB IQKK=Q??RHPHRP IQK HOKEO JRMDOKOB IQKA

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

RM NQLLRNOLRO KR>PMQJQ O>>RQNNR@R EGMNRA ?OLFR HOFQ KQ P>RNPCROMR IQR :GPILR RMNQLFQIR IR QC>OKKP;< 7MH;Q RM :GQJNO HPJO R LRJGKNPNR JOMO JNPNR ONNRA FR DLPCRQ PKKP FRMGCROJP 53/6225-63+6 RM FPMO PDKR 0JLPQKRPMR Q PKKP HOFA ELQMJROMQ IQK HPFEO IR >PNNPDKRPB RM HOF>RMPCROMQ HOM KQ JOKGCROMR IR NRLO RM?OLFPNRCCPNQ P QKQ@PNP ELQHRJROMQ O??QLNQ IPK JRJNQFP I=PLFP< 2P MQDKR GKNRFR PMMR K=PLNRDKRQLRP MOM 6 JNPNP GNRKQ JOKO MQDKR JHQMPLR PI PKA NP RMNQMJRN5 O R>LRIRB FP PMH;Q MQKKQ HKPJJRH;Q OEQLPCROMR IR JNP>RKRCCPCROA MQ Q IR )64+6 "66)53-< 0M :GQJNR HOMNQJNRB IR?PNNRB GM O>RHQ IR PLNRDKRQA LRPB JOELPNNGNNO JQ JR NLPNNP IR GM JQA FO@QMNQ HRMDOKPNOB ;P GM RFEOLNPMA NQ @PKOLQ IQNQLLQMNQ @OKNO P IRJJGPA IQLQ ODMR Q@QMNGPKQ NQMNPNR@O IR 6,+424/503B HRO6 IR LONNGLP IQK :GPA ILO IR JNP>RKRN5 DPLPMNRNO IPKKQ ?OLCQ IR RMNQLEOJRCROMQB IP EPLNQ IR GMP :GPKGM:GQ IQKKQ EPLNR RM HOM?KRNNO< %I QJPNNPFQMNQ RM ?GMCROMQ IQNQLLQMNQ O>RHR EQJPMNR IP 811 FF JOMO JNPNR RFERQDPNR RM JHQMPLR P >PJJP RMNQMJRA N5 HOFQ R PKHPMRB JRP RM OJMRP H;Q RM OJO@OBSOSRK !R>PMO< )'&* "*('*)+ ( ! ($&( QR FOIQLMR JHQMPLR OEQLPNR@RB OKNLQ PKKQ HPLPNNQLRJNRH;Q H;Q P>>RPFO DR5 PMPKRCCPNOB GMP >OHHP IP ?GOHO IQA @Q QJJQLQ EOR RM DLPIO IR LPDDRGMDQA LQ KP EOJNPCROMQ MQK ER) >LQ@Q NQFA EO EOJJR>RKQ QB IOEO P@QL JEPLPNOB IR KPJHRPLKP PKNLQNNPMNO LPERIPFQMNQ EQL J?GDDRLQ PK ?GOHO IR HOMNLO>PNNQLRPB O??LQMIO RMOKNLQ ELONQCROMQ PKK=Q:GRA EPDDRO< PKR HPLPNNQLRJNRH;Q EOJJOMO QJJQLQ O??QLNQ JOKO IPR JQFO@QMNRB IP :GQR FQCCR HRO6 ONNQMGNR RMJNPKA KPMIO KP >OHHP IP ?GOHO JG ERPNNPA ?OLFQ HRMDOKPNQ &R HOJRIIQNNR PGNOA HPMMOMRB :GPKR RK ?LPMHQJQ -*PQJPL. O KO J@QIQJQ -7LH;QL.B RM@QHQB GNRKRCA CPMIO HOFQ ERPNNP?OLFP GM PGNOHPLA LO LGONPNOB DPLPMNRJHOMO GM FRMOLQ KR@QKKO IR ELONQCROMQ Q EQL :GQJNO JOA MO FQMO IR??GJR$< 7NNGPKFQMNQ RK FQCCO ER) FOIQLMO Q PKK=P@PMDGPLIRP IQKKP HPNQDOLRP 6 RK NQIQJHO +C 3999 PIONNPNOB NLP DKR PKNLRB PMH;Q IPKK=%JQLHRNO 0NPKRPMO< !=O>RHQ IRJEOMQ IR GM JRJNQFP IQK HOMNLOKKO IQK NRLO FOKNO JO?RJNRHPNOB RMNQLPFQMNQ IRDRNPKRCCPNOB Q EG# HOMA NPLQ JG GM MP@RDPNOLQ RMQLCRPKQ Q PMA H;Q JG GM LRHQ@RNOLQ + < 7 HR# >RA JODMP PDDRGMDQLQ RK FQHHPMRJFO IR HPLRHPFQMNO PGNOFPNRHO H;Q EQLA

3 0 5+6 4226--615/0 .6224 ! 4 5'5,5036 .4 03/4-34 .622$ < < 7LF .(143/6 (3$4 5036 4 &(0+0 36224 )10'53+54 .5 0-41# &-%435,/43 $ % % # % % #% # % 5+5 +0*6 2$ ! # (5 (3 6,6*)2416 15)16,0 .(143/6 (34 &4,6 .622$53'4,5036 .5 1634.4 362 ! # %4330 52 '43/4--50 .6224 .5,)56-4 525/ 6 .6226 *53015 6,5-63 6 20-5,/5+%6

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

)$* !

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

)P@MJ@PI ?HB 1 AH@FBF -GCEI:BGICEG@H ;H@@IDG@I .&I9 CBGD:,5 ?HB )+ -GCEI:BGICEG@H .&ICBGD:, A> I79 7>ACF I E>FCH

L9OIDO HN FP>NLNHGP OEKMDOKN? GO OJJMI8EOLFM N CIMGPHHN FN OJNDPLKO=NMLPB HCOIM PF P@PLKEOJP PHCEJHNMLP FPN :MHHMJN HN HEHHPAEMLMB O COIKNIP FO EL GMDOL? FM NLN=NOJPB NL DMFM OEKMLMDM< ALN OEHNJNM LML HKIPKKODPLKP INGMLFEGN:NJP OJJO FNLODNGO PLFMAPLO FPJJ9OIDOB GMDP 8EPJJM FN EL OKKEOKMIP NFIOEJNGM M FN EL HPI@MDMKMIP PJPKKINGMB @OLN>N? GO JO FP>NLN=NMLP< PIGN4B HP KPLPLFM CIPDEKM NJ AINJJPKKM NJ KNIM GMLKNLEO HNLM OJJ9PHOEINDPLKM FPJJP DELN=NMLNB NL CNPLO OEKMLMDNO PLPIAPKNGOB J9OIDO % OEKMDOKNGO< .P NL@PGP MGGMIIP CIP? DPIP NJ AINJJPKKM CPI MALN GMJCMB CEI CIM@@PFPLFM NJ GMLAPALM O INGML>NAE? IOIHN OEKMDOKNGODPLKP CPI NJ GMJCM HEGGPHHN@MB J9OIDO % HPDNOEKMDOKN? GO< L EH<FB<HE CPIKOLKM LML >E DON GMLHNFPIOKM EL9OIDO OEKMDOKNGO L HPDNOEKMDOKNGOB DO HMJM O INCPKN=NM? LPB FOJ DMDPLKM G;P OKKIO@PIHM JM H>MI=M HEJ AINJJPKKM HN >OGP@O ANIOIP NJ KOD:EIMB CPI O@@NGPLFOIP JP GOIKEG?

GPB P DMLKOIP NJ GOLP CPI PHCJMFPIJPB NLKPI>PIPLFM GMH' LPJJ9OEKMLMDNO PLPIAPKNGOB 26NAIO JP OIDN OEKMDOKNG;P 8EPJJP

GIDG ?G @FACE>6GFDH ?HBBI ;G9 CEI:BGICEG@H .&ICBGD:, .. 5IENHPI . HA><G>A,5 )+++* ?I DFCIEH I =E>I G CEH @IDDFDG I? IEGI @F;=EHAAI (IDDFDH I EG=HCG6GFDH I <I=F9 EH ?HBBI :>HEEI ?G AH@HAAGFDH I;HEG9 @IDI DHB )+ )

HPL=O FE::NM JO CINDO FPJ APLPIPB LMKO GMDP GOKOCEJKO O INCPKN=NMLP M =FB 2FBFA 2 1B OFMKKOKO NL @OINP GNIGMHKOL=P< EJJO O G;P @PFP? IPB OJ FN J- FPJ LMDPB GML JP :OJPHKIP GNLPHN O INCPKN=NMLP OEKMDOKNG;PB N GEN OIG;PKNCN MINPLKOJN INDMLKOLM OJ 77 HPGMJM F<5N? #IBHACEI I EG=HCG6GFDH @GDH9 AH5 F .(4F9 F9D>, H3>HD6I ?G @IEG@I;HDCF ?G >DI 2IBHACEI I EG=HCG6GFDH I>CF;ICG@I

GML GNLPDOKNHDN OF OJNDPLKO=NMLP PHKPILOB KPLFPL=O NL GMIHMB IPHKINL? APLFM OJJMIO JO 8EOJN>NGO HMJKOLKM OJJO GMLKNLENK- FPJ KNIM< PI HN>>OKKP KNCMJM? ANPB LPJ COHHOKM >E GMLNOKOB KIOPLFM HCELKM FOJ HMGGMIHM DPGGOLNGM PHKPILM >MILNKM FO ELO DOLM@PJJOB J9PKNG;PKKO FN OIDN OEKMDOKNG;P DPG? GOLNG;PB CPI J9PHOKKP==O FN DNKIOAJNO? KINGN P DNKIOAJNPIP DPGGOLNG;P< GGPK? KOLFM 8EPHKO HMIKO FN GMDCIMDPHHM FNHKNLKN@MB JP OIDN FO >EMGM GPHHOLM FN PHHPIP JP ELNG;P OEKMDOKNG;P CPI? G; HPL=O OLKOAMLNHKP PLPIAPKNGO? DPLKP OEKMLMDPB LML PHHPLFM JO IPO=NMLP PHMKPIDNGO NLFNHCPLHO:NJP CPI NJ JOLGNM FN CIMNPKKN< .EJ >NLNIP FPJ 7 HPGMJMB OF PHPDCNMB @PLLPIM IPOJN==OKP OI? KNAJNPINP OF OINO GMDCIPHHO FN LMKP@MJP CMKPL=OB NFMLPP CPIHNLM OJJ9OIDODPLKM LO@OJPB GMDP 8EPJJP FPJJ9NLGIMGNOKMIP PHE@NEH FPJJO . " G;P JP P::P NL FMKO=NMLP LPJ /" (< 6JENFN OPIN>MIDN OF OJKNHHNDO CIPHHNMLP CIMFMKKN OJJ9PHKPI? LMB GMDP LPJ GOHM GNKOKM M LPJ GOLLMLP O INCPKN=NMLP O @OCMIP FN 0PMLOIFM FO NLGN 2@< L *(/( FN $)N@NHKO !NJNKOIP#1 P IPOJN==OKM CMN LPJJO AEPIIO FN HPGPH? HNMLP ODPINGOLOB GMDP CEIP N GODCN PJPKKIMDOALPKNGN NLKPLHNHHNDN FPJ GOLLM? LP G;P HN HKO DPKKPLFM O CELKM CPI JO !OINLO HKOKELNKPLHP FO " DPAO MEJPB CMKIP::PIM O=NMLOIP OIDN O INCPKN=NMLP GML HP8EPL=O OEKMDOKNGOB NDCMLPL? FMAJN CPIGN4 JO 8EOJN>NGO FN DNKIOAJNPIP DPGGOLNG;P 2>NANLN=NMLP FN DNKIOAJNOKINGP DPGGOLNGO % FPJ KEKKM ANE:NJOKO INPLKIOLFM JP FPKKP OIDN >IO JP OEKMDOKNG;PB ODCJNODPLKM G;P COIOFMHHOJ? DPLKP >NLNHGP CPI OGGMAJNPILP OLG;P ELO IPDMKNHHNDO FN PCMGO PJJPLNHKNGOB

LNIP FPJ 7 GMLKIM N DMFPILN >EGNJN< 26NA<Q BQ 1< 5;P JO GOKOCEJKO OEKMDOKNGO LML HNO >OLKOIG;PMJMANOB HN P@NLGP FOJJO FP? HGIN=NMLP FN EL KPHKNDMLP MGEJOIPB 6NJMLP FN NHOL=NM 2*"(?**( O<5<1B G;P FPHGIN@PLFMLP NL FPKKOAJNM N GMDCJPHHN GNLPDOKNHDN P JP FNDPL? HNMLN HKIEKKEIOJNB LP GPIKN>NG4 NDCJNGN?

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

GIDG ?G EG@FACE>6GFDH ?HBBI @ICI=>BCI I EG=HCG6GFDH #BGD?IC>EH ?HB =EF=>BAFEH ?G >DI @ICI=>BCI EF;IDI ?HB 11 AH@8 I8(8 HACG ?G >D =EF=>BAFEH ?G ;H9 ?GI =FCHD6I ?HB 1 AH@8 ?8(8

KODPLKP J9PHNHKPL=O< 0P HEP CELKEOJN NLFNGO=NMLNB NL>OKKNB CPIDNHPIMB LPJ / / B OJ PLPIOJP I NL .G;IODD 2/" ?/ 1 FN INGMHKIENILP EL PHPDCJOIP GMH' CIPGNHM G;P GMJ HP? GMLFM FOIFM HGOAJNOKM HCOGG4 NJ CIN?

DM 6NJMLP LP OKKIN:E' J9NL@PL=NMLP O EL GPIKM NMLNHNM FN JPHHOLFINOB FPJ 8EOJP LEJJO OJKIM HOCCNODMB KIOLLP G;P JO@MI4 LPJ 777 HPGMJM O<5< LPJJ9OIHPLO? JP FN )MFN< EOLKM OJ CIMCEJHMIP FPJJO HEO GIPOKEIOB % FPHGINKKM OCCPLO CN CNGGMJM FN 8EPJJM FN ELO GOKOCEJKO FN DPFNO CMKPL=OB IN:OKKP==OKM FON )MDOLN HGMICNMLP< 26NAD 2>FD :E>==F ?G 7EH@@H <HDG<IDF @IEG@ICH C>CCH GDAGH;H DHBBF ACHA9 AF CH;=F888#+ NL CIOKNGO ELO CNGGMJO KIODMAANOB GML OJJO :OHP ELO HMKKNJP >PHHEIO CPI JO >EMINEHGNKO FN EL ELNGM FOIFM CPI @MJKO< 0O GOKOCEJKOB OJ COIN FN KEKKP JP GMP@P KIOFN=NMLOJNB PIO GMHKNKENKO FO EL JELAM >EHKM LPJ 8EOJP HGMIIP@O ELO HMIKO FN HJNKKO< L OICNMLP :OHGEJOLKPB HNDNJP O EL CNGGMJM CNPFP FN CMIGM O FEP IP::NB

KP ELO GODDO NLHPINKO NL ELO HEO >PHHEIO PJNGMNFOJPB JELAO 8EOLKM JO GMIHO FPJJO HJNKKO P H@NJECCOKO CPI DP==M ANIMB OLG;P JPN HMJNFOJP OJJO CNOHKIO< 5MH' NJ KPHKM+ $GB AHE2ICFGF ?HG ?IE?G HEI =FAG6GFDICF DHBBI =IECH A>9 =HEGFEH H BG 7I@HHBBI GD9 7HEGFEH IB =FACF :G>ACF DHB ;F?F AH9 :>HDCH8 'I ACE>CC>EI A>=HEGFEH HEI ?F9 CICI ?G >D @GBGD?EF I==EF=EGICF =HE ?GI9

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

OJJ9NL@PIHM >NLM OJJO HEO GOKKEIO< IO AJN NLGML@PLNPLKN FN HN>>OKKO GMLGP=NM? LPB J9NDCMHHN:NJNK- FN EL OICNMLNHDM CPI J9OIIPHKM FN HNGEIP==OB HPL=O GMLKOIP AJN NLGPCCODPLKN OLG;P CPI JNP@N INKOIFN LPJJ9NL@PIHNMLP FPJJO IMKO? =NMLP< 5MLHNFPIOLFMB NL@PGPB G;P JP HKPHHP DOAJNP FPJJO GOKPLOB ANIOLFM NLKMILM ON IMGG;PKKNB 8EOLFM O PHHN HM@IOHKOLKN HN HCMHKO@OLM LPJ HPLHM

LPB DO JO HEO KIOHGEIO:NJP OFM=NMLP >E FM@EKO CIM:O:NJDPLKP OJJO HKPHHO IOANMLP G;P :MNGMKK4 NJ FP:EKKM FPJJP CINDP DNKIOAJNOKINGN+ PGGPHHN@M JM HCIPGM FPJJP DELN=NMLN 5;PB LPJJO >OKKNHCPGNPB PIO CPIHNLM CN AIO@PB CMNG; B PHHPLFM NJ :IOLFPAANM MHKO? GMJOKM FOJJP JP@P FN GOINGODPLKMB N FOIFN >NLN@OLM CPI GMLGPLKIOIHN KEKKN NL EL CNGGMJM HCO=NM< OIFN G;P CPI JO

G@FACE>6GFDH :EI7G@I ?HBBI @I9 CI=>BCI I EG=HCG6GFDH 1B =ICC>:BGICFEH 7B><GIBH EG@F9 ACE>GCF DHB ;>AHF ?G -IGD6 !HCCI:BGF ?HBBI @ICI=>BCI I EG9 =HCG6GFDH GACIBBICI I =E>I

NLGOHKIM IMKOLKPB KOLK9% G;P JO FNDPL? HNMLP FPJ JOKM FPN CPLKOAMLN GMNLGNFP? @O GML 8EPJJO FPJJO DOAJNO G;P FM@P? @O OFPINI@N< EI HMDNAJNOLFM DMJKNHHN? DM O ELO GOKPLO O DOAJNP CNOLP FPJ KNCM NDCNPAOKM LPJJP :NGNGJPKKPB M DP? AJNM OLGMIO LPJJP DMKMHPA;PB OCCEL?

KM O CNLLP NLKPILPB HP LP FNHGMHKO CMN? G; JP CNLLP LML NLAIOLOLMB >ELAPL? FM HMJM FO AENFOB PHHPLFM JO KIO=NMLP MKKPLEKO FOJJO >MIDO APMDPKINGO CPL? KOAMLOJP< 5NIGO JO GNLPDOKNGO FPJJ9OIDOB N IOIN HKEFNMHN G;P HP LP HMLM MGGECOKN ;OLLM MCKOKM CPI EL HNHKPDO FN KIO? HGNLODPLKM OJKPILOLKP+ O JMIM COIPIP N IMGG;PKKN DMKMINB NL >OHP FN GOINGO? DPLKMB @PLN@OLM >OKKN ANIOIP NL EL @PIHMB >NLM OJJM HAOLGNM FPJJO GMIFO P

MCCMHKM FN 8EOLFM HMKKMHKOLKNB @NL? GMJOLFM JO HJNKKO O ELO FN PHHPB HN HO? IP::P KIOH>MIDOKM NJ DMKM IMKOKMINM FPJJO GOKPLO LPJJ9OLFNIN@NPLN FPJJO HJNK? KO .MJE=NMLP G;PB HPGMLFM JO CIOHHN O:NKEOJPB >E FN@EJAOKO HMJM MIOJDPL? KPB CIN@OLFM CPIGN4 J9OIDO FPJJO HEO LPGPHHOINO DM@NDPLKO=NMLPB 8EPJJO G;P JO IPHP JO CINDO DNKIOAJNPIO DPG? GOLNGO FPJJO HKMINO ML HOCCNODM GML GPIKP==O JM HKOKM FN HPI@N=NM FPJJO GOKOCEJKO O INCPKN=NM?

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

INFORMAZIONE PUBBLICITARIA

Lâ&#x20AC;&#x2122;ESERCITO ITALIANO SCEGLIE IL RICOSTRUITO MARANGONI PER I PROPRI MEZZI 98 65483 23105/3 8..3- ,+*/05)3(6 '(8,38.6 46.(8 /&3 %56%53 40$# $3- ",3 %.0&48(3)3 53)6/(5&3(3 %5626((3 28 !858."6.3 .0, %56%536 /(8 3,340.(6 23 61050(6 8 )6.(3.&3( 20, 58%%65(6 3./(8&# 58(6 0 )6./6,328(6 .0, (04%6- /3 8/8 /& &.8 /0530 23 8((653 ) 0 8..6 &.8 )50/)0.(0 34%65(8.$8 .0,,+6530.(850 ,0 /)0,(0 20,,+*/05)3(6 ,0 %50/(8$36.3 20",3 %.0&48(3)3 !853 3, 485) 36 20",3 %.0&48(3)3 53)6/(5&3(3 !858."6.3 /6.6 8//6,&(840.(0 0 &3%858 3,3 8 &0,,0 20",3 %.0&48(3)3 .&613 0 ,+8,(3//346 ,3# 10,,6 (0).6,6"3)6 58""3&.(6 %0540((0 23 53/%6.2050 8 (&((0 ,0 0/3"0.$0 6. 18 2340.(3)8(6 ) 0 ",3 %.0&48(3)3 53)6/(5&3(3 /6.6 &(3,3$$8(3 %&50 28,,+8138$36.0 )313,0 (&((3 .63 8((0553846 0 20)6,,3846 /& "6440 53)6/(5&3(0 +653"3.0 20,,+8((313( 23 53)6/(5&$36.0 20",3 %.0&48(3)3 28 %85# (0 20,,8 !858."6.3 .8/)0 28 &.8 %50)3/8 3.(&3$36.0 ",3 0.65# 43 18.(8""3 ) 0 3, %.0&48(3)6 53)6/(5&3(6 6 50 .6. /6,6 8",3 &(3,3$$8(653- 48 8.) 0 8,,8 )6./0518$36.0 20,,+84 30.(0 &.8 0,3)0 3.(&3$36.0 ) 0 6""3- 26%6 6,(50 20)0..3- 8 (58/ 6548(6 ,+8$30.28 3. &.8 508,( - &.3)8 8, 46.26 58$30 8 )6/(8.(3 3.10# /(340.(3 3. 3200- %56"0((3- (0).6,6"30- /6/(0.&(0 28 &. 0 3)8)0 02 0 3)30.(0 )0.(56 23 53)05)8 0 /13,&%%6- !858."6.3 3. 8((3 53)6.6/)3&(8 )640 ,08205 8 ,310,,6 46.238,0 .0, /0((650 20,,8 53)6/(5&$36.0 !8//346 90 ,0//8.253- 443.3/(58(650 90,0"8(6 23 !858.# "6.3 % - 8 23) 3858(6 6.6 /04%50 %3 )6.13.(6 ) 0 )3 /38 &. &(&56 53))6 23 6%%65(&.3( %05 3, 53)6/(5&3(6 23 &8,3( 02 3. (8, /0./6 ) 0 18..6 3. &8258(3 ",3 34%65(8.(3 3.10/(340.(3 ) 0 /(3846 8((&8.26 3. 3..618$36.0 0 /13,&%%6 23 .&610 (0).6,6"30 23 %5626((6 0 %56)0//6 %05 ,8 53)6/(5&$36.0 20",3 %.0&48(3)3 .0, .6/(56 34%38.(6 23 61050(6

8 .&618 (0).6,6"38 34%30"8(8 )6./0.(0 23 6((0.050 .6(016,3 43",365840.(3 20, %5626((6 3.8,0 /38 3. (0543.3 &8,3(8(313 ) 0 %50/(8$36.8,3 50.20.26 ",3 %.0&48(3)3 53)6/(5&3(3 /04%50 %3 %858"6.8 3,3 8,,0 "6440 %5043&4 .&610 50..6 0.8",38- 9350((650 64405)38,0 20,,+8$30.28- 8""3&.# "0 ,3 3.10/(340.(3- 0 0((&8(3 3. &0/(3 &,(343 40/3- 8158..6 &.8 53)82&(8 %6/3(318 8.) 0 /&3 58%%65(3 23 65.3(&58 )6. ,+*# /05)3(6 '(8,38.6 ) 0 )6.(3.&05 8 (561850 .0,,8 .6/(58 8$30.28 3, %85(.05 23 53 05340.(6 %05 ,8 "0/(36.0 203 %56%53 %.0&48(3)3 53)6/(5&3(3 6./32053846 ,+*/05)3(6 '(8,38.6 &. ),30.(0 23 8/# /6,&(6 53,3016 3. &8.(6 )3 %0540((0 23 0//050 3. )6.(8((6 )6. ,+ 443.3/(58$36.0 20,,6 (8(6 83 %3 8,(3 ,310,,3- 6((04%058.26 3. (8, 4626 8,,8 ,0""0 3.8.$38538 20, ) 0 %501020 ,8 53/0518 20, %05 3 %.0&48(3)3 53)6/(5&3(3 .0",3 8) &3/(3 23 %.0&48# (3)3 23 53)84 36 20,,0 ,6((0 %& ,3) 0 &0/(8 %85(.05/ 3% 23# 46/(58 3.6,(50 ) 0 ,8 8((318 )6,,8 658$36.0 (58 8$30.20 %5318(0 0 34%65(8.(3//343 8%%858(3 /(8(8,3 %6//3 3,0 /38 3. &.+6((3)8 %50((840.(0 0)6.643)8 /38 0)6,6"3)8 8 0.0 3)36 20,,+3.(058 )64&.3( 05 %562&550 &. %.0&48(3)6 .&616 /6.6 .0)0//853 ,3(53 23 %0(56,36- %05 53)6/(5&350 &. %.0&48(3)6 .0 /0516.6 3.10)0 /6,6 23 ,3(53 23 %0(56,36 %05 .63 46(316 23 65"6",36 0//050 8 23/%6/3$36.0 20,,+*/05)3(6 '(8,38.6

3)6523846 ) 0 !858."6.3 65.3/)0 8,,+*/05)3(6 '(8,38.6 &.+84%38 "8448 23 %.0&48(3)3 20/(3.8(3 8 40$$3 23105/3 8&# (6103)6,3- (58/%65(6 ,0""056- 8&(6)8553 0 %&,,48.- 34%30"8(3 3. 6%058$36.3 23 18538 .8(&58 WWW.MARANGONI.COM

& %+!*+ ))* *) * &( &+&" %+!*+ ))* (!!( )&("" %) (+ * ( +&+&""

SPPTQPSPR LU :SNS TFR SFFUS JQS LUCCUKUOT KNUMU LUIORHSPUD KS K?T IRNPTN4 SOOR MKRIIUR LTOOS 0NSQLT 0JTNNSA <Q ;JTMPS LTD OUKSPS CSMTE O>8JMPNUSD QG?TNUS T OS 0TNHSQUS PTQGRQR O><PSOUS SOO>RMKJNR LTOOT INRINUT UQPTQBURQUE ISOTMSQLR JQS MUPJSBURQT LU NTKUINRKS T INRD CRQLS LUCCULTQBS& ;JSQLR IRU UO ,OJGOUR =7=- UO 6UQUMPNR LTGOU 'MPTNU UPSOUSQRE 8QPRQUQR LU :SQ 0UJOUSQRE INTQLT FUMURQT LTU ISNPUKROSNU LTOO>8?2 >C7E>87 SOOS :TN@USE INRPTMPS KRQ O>8H@SMKUSPRNT PTLTMKR S RHS " TL . MUGQUCUKSPUFR K?T OS QRPUBUS SNNUD FU PNSHUPT U PTLTMK?U T QRQ GOU SJD MPNUSKU " LUK?USNSQLR K?T O>TFTQPJSOT KRQCOUPPR MSNT@@T MPSPR OS KRQMTD GJTQBS LU JQS SGGNTMMURQT LS ISND PT LTOO>8JMPNUSA 8L RGQU HRLRE OS LTD KUMURQT LTOOS QTJPNSOUP4 UPSOUSQS LTO , SGRMPR QRQ MRNINTQLT QTMMJQRA 1S QTJPNSOUP4E MRMPTQJPS LS CRNBT LUFTND MT T ITN LUFTNMT HRPUFSBURQUE RPPUTD QT UQUBUSOHTQPT JQ KRQMTQMR JQSQUD HTE SQK?T UQ FUNP LTOOS LUHRMPNSD BURQT LTOO>UQKSISKUP4 LU NUMROFTNT UO KRQCOUPPR QTOOT INUHT MTPPUHSQTA /JPD PSFUSE U INUHU UQPTNFTQPUMPUE SMMROJPSD HTQPT HUQRNUPSNU QTO 5STMTE KRHUQD KUSQR S RNGSQUBBSNMU LJNSQPT O>SJD PJQQR LTO =7=-A 8 GUJMPUCUKSNT ;JTD 3E6E??B::BAC ;B? AB::C7B@>= #3E6E??B::BAC ;C &=7E, $ / ;B??E 0E C6C<C=@B ;C 3E6E??BACE/ C@ >AC@9BE '+ ()!* ( ! ( 3EA>C@E AE44C:8AE@>B ?-E6E@1E7B@>= ;B??E ?C@BE C>E?CE@E 5BA B44B>>= ;B??B E>>E:?CB ;B?? *<=@1=

MPT INTMT LU IRMUBURQT . UO PUHRNT LU JQS MHUQJUPS MPSPJNS IROUPUKS LTOO><PSOUS QTO KSMR LTO INRMTGJUHTQPR LTOOS QTJPNSOUP4E MRINSPPJPPR QTO KSMR LU JQS FUPD PRNUS LTGOU <HITNU 9TQPNSOUE U ;JSOUE KRHT SIISNT CSKUOHTQPT UHHSGUQS@UOTE QRQ SFNT@@TNR LUHTQPUKSPR ;JTOOR K?T GU4 UQ ;JSOK?T SH@UTQPT FUTQT LTCUQUD PR UO PNSLUHTQPR LU RHSA 8OOS CUQT LTO =7=- UO GRFTNQR UPSOUSQR UQUBUS S LUMKJPTNT MTNUSHTQPT OS IRMMU@UD OUP4 LU MKTQLTNT UQ KSHIRE SQK?T MT QRQ . SQKRNS @TQ K?USNR SO CUSQKR LU ;JSOT LTU KRQPTQLTQPUA <O QJRFR 6UQUMPNR LTGOU 'MPTNUE :ULQT :RQQUQRE SFFUS S ;JTMPR IJQPR LTU KRQPSPPU KRQ TQPNSH@T OT ISNPUE UO KJU CUQT . RPPTQTNT NSMMUD KJNSBURQU MJU FSQPSGGU ITN O><PSOUS UQ KSMR LU FUPPRNUSE KRQ O>UQPTQBURQT LU RPPTD QTNT U HSGGURNU KRHITQMU IRMMU@UOUA #S JQ IJQPR LU FUMPS IROUPUKRE QRQRMPSQPT OS PNTQPTQQSOT SOOTSQBS KRQ OS 0TNHSQUS T O>8JMPNUSD QG?TNUSE OS GJTNNS SO CUSQKR LTGOU <HITNU 9TQPNSOU SIISNT IUJPPRMPR INR@OTHSPUKSE UQ ;JSQPR SQK?T FROTQLR TMKOJLTNT OT QRPT LUCCULTQBT NTKUINRK?TE OT KRQMTGJTQBT INTPPSHTQD PT TKRQRHUK?T T HUOUPSNU LU JQ KRQCOUPPR KRQPNR NSQKUS T 0NSQ +NTPSGQS MSD NT@@TNR MPSPT CUQ LS MJ@UPR LUMSMPNRMTA <QROPNT OT INRHTMMT CSPPT LSOO><QPTMS SOO><PSOUS UQ KSMR LU FUPPRNUS MRQR MTQBS LJ@@UR HROPR IU SOOTPPSQPU LU ;JSQPR U PTLTMK?U T MRINSPPJPPR GOU SJMPNUSKU MUSQR LUMIRMPU S RCCNUNTA <O , SINUOT =7=* MU KRQKOJLRQR S 1RQLNS OT PNSPPSPUFT MTGNTPT KRQ O><QPTMSA 8OD O><PSOUSE K?T MU UHITGQS S TQPNSNT UQ GJTNNS TQPNR JQ HTMTE FTQGRQR GSNSQPUPU U PTNNUPRNU UNNTLTQPU T FSQPSGGU QRPTFROU OJQGR UO KRQCUQT RNUTQPSOTA <O HSGGUR . SFFUSPS OS HR@UOUPSBURQT T UO ,- HSGGUR RHS LUK?USNS GJTNNS SOO>8JMPNUSD QD G?TNUSE HS QRQ SOOS 0TNHSQUSE KRQ KJU UO 5NTMULTQPT LTO 9RQMUGOUR 8QPRQUR :SOSQLNS MITNS SQKRNS LU TFUPSNT JQS NRPPJNS LTCUQUPUFSA 9?UJMS OS ;JTMPURQT LTOOT LTKUMURQU IROUPUK?T T LUIORHSPUK?TE FS ITN% KRQD MULTNSPS ;JSOT MUS UQ ;JTO HRHTQPR OS MUPJSBURQT HUOUPSNT LTO 5STMTE MRD INSPPJPPR UQ KRQMTGJTQBS LU JQ>TFULTQPT KNUMU LTU KSQSOU LU KRHJQUKSBURQT PNS 0RFTNQR T NTMIRQMS@UOU HUOUPSNUA 1R :PSPR 6SGGURNT . UQCSPPU PTQJPR SOD O>RMKJNR LU LUFTNMU UHIRNPSQPU ISMMSGGU T HTMMR LU CNRQPT " HS ;JTMPR GU4 LS ;JSOK?T SQQR " S JQS IROUPUKS TMPTNS T LU LUCTMS UQKTNPS T SOPSOTQSQPTA 5NUHS UO 0TQTNSOT /SQKNTLU :SOTPPSE IRU UO MJR MJKKTMMRNT 8O@TNPR 5ROOURE TNSQR MPSPU KRMPNTPPU QTGOU SQQU INTKTLTQPU S INTQLTNT UQ KRQMULTNSBURQT O>TFTQPJSOUP4 LU JQ KRQCOUPPR MUS KRQPNR OS NSQKUS MUS KRQPNR O>8JMPNUSD QD G?TNUSE INRFRKSQLR QRQ MROR JQS MTNUT LU UQKTNPTBBT RITNSPUFT T JQ SGD GNSFUR LTOOS IUSQUCUKSBURQT ITN OT LJT LUCCTNTQPU T KRQPNSIIRMPT TFTQUTQBTE

HS SQK?T GNSFU RQTNU CUQSQBUSNU LRD FJPU SOOS QTKTMMUP4 LU TMPTMU OSFRNU LU CRNPUCUKSBURQT MUS MJO KRQCUQT RKD KULTQPSOT MUS MJ ;JTOOR RNUTQPSOTA <Q ;JSOUP4 LU 9SIR LU :PSPR 6SGGURNT QTO ITNURLR =72 D=7=-E 5ROOUR SFTD FS SFFUSPR JQ SHIUR INRGNSHHS LU NUCRNHS LTOO>RNLUQSHTQPR T LTOOS PSPPUKS RITNSPUFS LTOO>'MTNKUPRE KRM KRHT MU TNS UQPTNFTQJPU MJU KNUPTNU SLLTMPNSPUFU T MJOOS ORGUMPUKSE SQK?T SPPNSFTNMR OS KRMPUPJBURQT LTO 9RND IR LU SHHUQUMPNSBURQT T LTO :TNFUD BUR PTKQUKR L>SNPUGOUTNUSA :RQR UMPUD PJUPU ;JSPPNR 9RHSQLU LTMUGQSPU L>8NHSPSE SMMTGQSQLR ORNR UQ PTHD IR LU ISKT UHIRNPSQPU MPJLU NTOSPUFU SO HUGOURNSHTQPR LTU IUSQU LU NSLJD QSPSE LU KRITNPJNS T LU INTISNSBURD QT LTO PTNNTQR QTOOT SNTT LU KRQCUQT LU KRHITPTQBSA :RQR UQROPNT NURNGSD QUBBSPU U NTISNPU SOIUQU T OS 9SFSOOTD NUS FUTQT IRPTQBUSPS KRQ OS CRNHSD BURQT LU PNT 9RHSQLU LU #UFUMURQT T LU KUQ;JT QJRFU NTGGUHTQPUA 8 ;JTMPU INRFFTLUHTQPU MU SGGUJQD GTE KRHT LTPPRE UO INRGNSHHS ITN OS KRMPNJBURQT LU RITNT ITNHSQTQPU OJQGR U KRQCUQUA <O OSFRNR LU 5ROOUR UQ ;JTGOU SQQU . MTQBS LJ@@UR CSKUOUPSD PR LSU @JRQU NSIIRNPU KRQ O>SOORNS 6UQUMPNR LTOOS 0JTNNSE 5SROR :IUQD GSNLUE KRQ UO ;JSOT 5ROOUR UQPTQLT INRKTLTNT S JQS RNGSQUKS NTFUMURD QT LTOO>SIISNSPR HUOUPSNTE SHHRD

*<5B1C=@B ;B? B@BAE?B 3E;=A@E @B??B >AC@9BB

LTNQSQLROR L L O T IRPTQBUSQLRORA U L O <O KRQPUQJR SGGURNQSHTQPR LTU IUSQU LU GJTNNS KRQPNR NSQKUS T 8JMPNUSD QD G?TNUS INTQLT UQROPNT OT HRMMT LS JQ>SPPTQPS SQSOUMU LTOOT KSISKUP4 ORGUMPUD K?T LTO 5STMT T UQ INUHR OJRGR LTOOR MFUOJIIR LTOOS NTPT CTNNRFUSNUS T MPNSD LSOT QTOOT BRQT LU CNRQPUTNSE SQK?T NUMITPPR SOOT QJRFT RITNT LU LUCTMS OJQGR UO KRQCUQTA !TO =727 . KRHIOTPSPR UO QJRFR IUSQR KRQPNR O>8JMPNUSD QG?TNUS K?T MRMPUPJUMKT ;JTOOR INTKTLTQPT INTISNSPR LS :SOTPPSE NUMSOTQPT SO =72 A <Q ISNPUKROSNTE UQ @SMT SU HUGOURNSHTQPU SIIRNPSPU SOOT CTNNRFUT UQ TQTPRE 5ROOUR NUPUTQT LU IRPTN NULJNNT LU LJT GURNQU UO ITNURLR LU HR@UOUPSBURQT T NSLJD QSPS SQK?T MT IU UQ GTQTNSOT O>UHIRMPSBURQT RITNSPUFS QRQ FSNUSE @SMSQD LRMU MJ JQS LUCTMS LTO MSOUTQPT PNTQPUQR MJ LJT 8NHSPT =S T -S E SMMTGQSQD LR SL SOPNT LJT ,S T S UO KRHIUPR LU LUCTQLTNT UQ INUHR OJRGR OS OUQTS LTO 5USFTA 1S NUMTNFS . KRMPUPJUPS MJ LJT 9RNIU L>8NHSPS MK?UTNSPU QTO ISLRFSD QRE KRQ OT #UFUMURQU LU KSFSOOTNUS UQKSNUKSPT LU GSNSQPUNT OS KRITNPJNS OJQGR OT IRMUBURQU SFSQBSPT MJOOS OUQTS LTO /SGOUSHTQPRA <Q ;JTMPR HRLR MU NUPUTQT LU IRPTN CRNQUNT UO PTHIR QTKTMMSNUR ITN PTNHUQSNT OS HR@UOUPSBURQT T SFSQBSNT IRU CUQR S RKKJISNT OT IRMUBURQU LU KRQCUQT QTOOT SNTT HRQPSQTA !TO =7=, PJPPSFUSE 5ROOUR LTKULT LU NUFROJBURQSNT UO IUSQRE CUQR S ;JTO HRHTQPR MPNTPPSD HTQPT LUCTQMUFRE K?T INTQLTFS UQ KRQMULTNSBURQT " RFFUSHTQPT QTO KSMR LU JQ OUHUPSPR KRQCOUPPR UPSORDSJMPNUSKR " JQS QTPPS MJITNURNUP4 LS ISNPT SJMPNRD JQGSNUKS SQK?T S KSJMS LU JQR MCSFRNTFROT SQLSHTQPR LTO KRQCUQTE KRQ UO MSOUTQPT PNTQPUQR K?T HUQSKKUS UO CUSQKR MUQUMPNR UPSOUSQRE UQKJQTSQLRMU QTOOS IUSQJNS FTQTPSA 1T OUHUPSPT KSISKUP4 LTOOS NTPT CTNNRFUSNUS SFTFSQR SQK?>TMD MT KRQMUGOUSPR LU OUHUPSNMU S JQ SPPTGGUSHTQPR LUCTQMUFRA < OSFRNU SOOS CNRQPUTNS RNUTQPSOT SFTFSQR ITN% NSCCRNBSPR OT KSISKUP4 LU LUCTMS SFSQBSPS GNSBUT S JQS MJKKTMMURQT LU M@SNNSHTQPU OJQGR OT INUQKUISOU LUNTPPNUKUA #U KRQMTGJTQD BSE 5ROOURE INRINUR UQ KRQMULTNSBURQT LTOOR MFUOJIIR NSGGUJQPR LSOOT CRNPUCUKSD BURQU OJQGR O>SOPR KRNMR LTO 5USFTE MJO /SGOUSHTQPRE UQ 9SNQUS T SO KRQCUQT KRQ UO /NTQPUQRE LTKULT S ;JTMPR IJQPR LU SMMJHTNT JQ SPPTGGUSHTQPR IU SGGNTMMUFRE KRQMULTNSQLR OUHUPSPT SBURQU RCCTQMUFTE TMMTQBUSOHTQPT LU LUD MPJN@RE QTOOT CSMU UQUBUSOU LTOOS NSLJQSPSA JTMPU IUSQU LTFRQR ITN% SQK?T KRQCNRQPSNMU KRQ TMUGTQBT LU PUIR TKRQRHUD KRA <Q ISNPUKROSNTE PNS UO =7== T UO =7=-E OT MITMT ITN OS GJTNNS LU 1U@US SFTFSD QR ITMSPR MJO @UOSQKUR T MJOOS LUMIRQU@UOUP4 LU SNHU T HSPTNUSOUA 1>SBURQT KRQD GUJQPS LU 5ROOUR T :IUQGSNLU ?S KRHJQ;JT INRLRPPR JQS KRMPSQPT KNTMKUPS LTO @UOSQKUR LTO 6UQUMPTNR LTOOS 0JTNNS ISMMSQLR QTO ITNURLR =72 D=7= LS * S 7- HUOURQU LU OUNT T NTGUMPNSQLR JQS COTMMURQT QTOO>TMTNKUBUR =7= D=7=-E ITN IRU NUMSOUNT O>SQQR MJKKTMMUFR S KSJMS LTOOS KNUMU @RMQUSKS T LTOOS GJTNNSA 8OOR MKRIIUR LTO KRQCOUPPR O>'MTNKUPR . SQKRNS QTO IUTQR LTOOS NURNGSQUBBSBURD QTE KRQ JQS ;JUQLUKUQS LU NTGGUHTQPU LU CSQPTNUS T LUFTNMU NTGGUHTQPU LU SNPUD GOUTNUS SQKRNS UQ CSMT LU KRMPUPJBURQTA <Q GTQTNSOTE GOU JRHUQU LUMIRQU@UOU MRQR KUNKS , *A222 " GOU CCUKUSOU MRQR =-A222 " JQS CRNBS RFFUSHTQPT QRQ MJCCUD

KUTQPT S KRQCNRQPSNMU KRQ U IRMMU@UOU QTHUKUE K?T ?SQQR GU4 NTSOUBBSPR OS HR@UOUPSBURQT& . ;JUQLU LS TMKOJLTNMU ;JSOMUSMU MRNINTMSA 1S HRNPT LU 5ROOURE UO = OJGOUR =7=-E NSIINTMTQPS JQ ISMMSGGUR KNJKUSOT ITN U 9RHSQLU UPSOUSQUE K?T ITN SOPNR NUHSQGRQR MTQBS 9SIR LU :PSPR 6SGGURNT ITN JQ HTMTE INRINUR HTQPNT MU KRQMJHS OS KNUMU @RMQUSD KSA <O MJR MJKKTMMRNT 1JUGU 9SLRNQS TQPNS UQ KSNUKS PNT GURNQU LRIR OS LUD K?USNSBURQT LU GJTNNS SJMPNRDJQGSNUD KS SOOS :TN@US T SMMJHT CUQ LS MJ@UD PR JQ SPPTGGUSHTQPR PNUIOUKUMPSE K?UTD LTQLR S UPPRNUR 'HSQJTOT <<< LU IRD PTN FSNUSNT U IUSQU LU GJTNNS KRQPNR OS NSQKUS T LU UQFUSNT UQ SUJPR LTU PTD LTMK?U MJO TQR PJPPT OT CRNBT QRQ MPNTPPSHTQPT QTKTMMSNUT UQ <PSOUSA <O , SGRMPR UO MRFNSQR UQCRNHS UO 9SIR LU :PSPR 6SGGURNT LU TMMTNT CSFRNTFROT SU KRQKTPPU TMINTMMU " UO GURNQR MPTMD MR ITN% UQ KJU UO GRFTNQR LUK?USNS OS QTJPNSOUP4A 8IISNT ;JU TFULTQPT OS LUD MPSQBS PNS OS MCTNS IROUPUKS T ;JTOOS HUOUPSNTE SQKRNS CSFRNTFROT SGOU <HD ITNU 9TQPNSOU R ;JSQPR HTQR " T OS KRMS . SQKRN IU GNSFT " SOO>RMKJNR LTGOU RNUTQPSHTQPU LTO GRFTNQRA 5TN PJPPR UO HTMT LU OJGOUR 9SLRNQS MKNUFT SO :RFNSQR K?UTLTQLR MTQBS MJKKTMMR LU SKKRQMTQPUNT SOOS HR@UD OUPSBURQTA 8 MTPPTH@NT 9SLRNQSE NUPTD QTQLR RNHSU ISMMSPR UO PTHIR JPUOT SOOS HR@UOUPSBURQTE KRHUQKUS S RNUTQD PSNMU FTNMR JQS QJRFS MPNSPTGUSE K?T LTFT UQTFUPS@UOHTQPT SLTGJSNMU SO INRGNTMMUFR SOOUQTSHTQPR LTO GRFTND QR SOO><QPTMSA !TOO>RPPR@NT =7=- SO 6UQUMPNR LTOOS 0JTNNS 0NSQLUE KRQMULTNSPR JQ QTJPNSOUMPSE MJKKTLT UO 0TQTNSOT UPPRNUR JITOOUE QRHUQSPR UQ SKKRND LR KRQ 9SLRNQS LU KJU TNS MPSPR JQ MJ@RNLUQSPR T LU KJU KRQLUFULT OS 0TQTNSOT FUMURQT IROUPUKRDHUOUPSNT LTOO><PSOUSA JITOOU MRMPUTQT U IUSQU LU NSCCRNBSHTQPR INRIRMPU LS 9SLRND QSE K?T INTFTLRQR JQR MFUOJIIR MUD MPTHSPUKR LTOO>'MTNKUPR T MRINSPPJPD PR OS KRMPUPJBURQT LU PJPPT OT JQUP4 INTMULUSNUT T LU INUHS OUQTS GU4 UQ PTHIR LU ISKT SQBUK? SO HRHTQPR LTOOS HR@UOUPSBURQT& O>UQKNTHTQPR LTO ISNKR L>SMMTLUR T LTOO>SNPUGOUTD NUS ITMSQPT& UO NTUQPTGNR LTU HSPTD NUSOU& MUMPTHSBURQT LTU ;JSLNU UQCTD NURNUA <Q IRK?U HTMU MU NUTMKT KRM S KROHSNT SOKJQT LTOOT HSQKSQBTE

MRINSPPJPPR QTOO>SIINRFFUGURQSHTQPR LU FTMPUSNUR TL T;JUISGGUSHTQPRE LU HJQUBURQU ITN SNHU OTGGTNTE IJN MTQBS NUJMKUNT S NUMROFTNT U INR@OTHU OTGSPU SOOT MKRNPT ITN OT SNHU ITMSQPUA !RQRMPSQPT PJPPRE O><PSOUS NUHSQT KRHJQ;JT UQLUTPNR QTOOS INTISNSBURQT HUOUPSNT NUMITPPR SOOT SOPNT IRPTQBT T MU NTGUD MPNSQR LTCUKUTQBT MUGQUCUKSPUFT QTOOS LUMIRQU@UOUP4 LU CCUKUSOUE MRINSPPJPPR S OUFTOOR LU KRHISGQUSA <O - HSGGUR =7=* O>'MTNKUPR <PSOUSQR . KRHJQ;JT IRNPSPR SOO>RNLUQT LU @SPPSD GOUSE KRQ ;JSPPNR 8NHSPTE ;JSPPRNLUKU 9RNIU L>8NHSPS T PNTQPSKUQ;JT #UFUMURQUE ITN JQ PRPSOT LU =A 7A222 JRHUQUA ' # $,$ $ # $ ' % # 5TN ;JSQPR NUGJSNLS UO QTHUKRE OS MUPJSBURQT LTOO>'MTNKUPR SJMPNRDJQGSNUKR SO HRHTQPR LTOOS LUK?USNSBURQT LU GJTNNS LTOO><PSOUS QRQ . KTNPR NRMTSA <Q MTGJUD PR SOO>TMITNUTQBS HSPJNSPS QTU HTMU INTKTLTQPU TNSQR UQCSPPU THTNMT LUFTNMT INR@OTHSPUK?TA 1S MPNJPPJNS MPTMMS LTOO>'MTNKUPRE CRNHSPR LS LUFTNMT QSBURD QSOUP4 T LUFUMR PNS NTISNPU UHITNUSODNTGU T PNJIIT LUITQLTQPU LSU GRFTNQU LTOOT LJT ISNPU LTOOS HRQSNK?US " (E@; B.A SJMPNUSKS T =@6 ;< : JQG?TNTMT " KRMPUPJUFS JQS LUHRMPNSBURQT LTU PSQPU KRHINRHTMMU T LTOOT LUCCUKROP4 TMUMPTQD PU SOO>UQPTNQR LTOOS #JIOUKT 6RQSNK?USA JSQLR QTO HSGGUR =7=*E KRQ PJPPT OT KOSMMU S@UOU SO MTNFUBUR GU4 MK?UTNSPT MJO CNRQPT RNUTQPSOT R UQ :TN@USE FUTQT RNLUQSPS JQS HR@UOUPSBURQT GTD QTNSOTE UTQQS NUTMKT S UQFUSNT MJO QJRFR CNRQD PT MROR JQS HUQUHS ISNPT LTOOT INRINUT NUMRNMTA < 9RHSQLU LTOOT PNJIIT IRMUBURQSPT MJO CNRQPT LTOO><MRQBR " LRFT KU MU SPPTQLT O>SPPSKKR UPSOUSD QR " LUMIRQGRQR UQUBUSOHTQPT LU MROU FTQPU;JSPD PNR @SPPSGOURQU T JQ KTQPUQSUR LU KSQQRQUE HTQD PNT UO /NTQPUQR . INTMULUSPR INTFSOTQPTHTQPT LS PNJIIT PTNNUPRNUSOUA :JO CNRQPT SOIUQR MRQR ITN% MK?UTNSPU SQK?T U (E@;B<<9. >1B@ T U EC<BA 2 :BAE NTISNPU HSGGURNHTQPT INTISNSPU SO KRHD @SPPUHTQPR UQ ;JRPS T LSO CRNPT MIUNUPR LU 9RNIRA <Q ;JTMPR MTPPRNT SNNUFSQR UQROPNT CUQ LSO , HSGGUR SOKJQU NTISNPU PTLTMK?UE K?T FU NUHSND NSQQR CUQR S HTP4 RPPR@NTA <O KRHSQLR LTOOT CRNBT SJMPNRDJQGSNUK?T MJO CNRQPT PNTQPUQR . SCD CULSPR SOO>8NKULJKS 'JGTQURE HTQPNT MJOO><MRQBR UO KRHSQLR . QTOOT HSQU LTO 0TQTNSOT :FTPRD BSN +RNRTFU FRQ +R QSE K?T SNNUFS @TQ INTMPR S LUMIRNNT LU KUNKS =22A222 JRHUQUA 1T IRMMU@UOUP4 LU LUCTMS T SPPSKKR LTU LJT KRQPTQLTQPU MRQR CRNPTHTQPT KRQD LUBURQSPT LSOOS HRNCRORGUS LTO PTNNUPRNURA !TO HSGGUR =7=* OS CNRQPUTNS PNS <PSOUS T 8JMPNUSD QG?TNUS KRNNT OJQGR UO PNSKKUSPR LTO = & JQ KRQCUQT INTD FSOTQPTHTQPT HRQPJRMRE K?T QTOOS ISNPT RKKULTQPSOT KRNNUMIRQLT GNRMMR HRLR SOO>SPPJSOT OUHUPT SHHUQUMPNSPUFR /NTQPUQR 8OPR 8LUGTE SFTQLR KRHT FTNPUKT HTNULURQSOT JQ IJQPR UQ KRNNUMIRQLTQBS LTO 1SGR LU 0SNLSA 8 RFTMP LU ;JTMPS OUQTS MU PNRFSQR FTPPT FUKUQT SU -A222 HP QTO HSMMUKKUR LTOO> ND POTME HTQPNT S TMP OT ;JRPT MRQR UQCTNURNU& OS 6SNHROSLS MJITNS U A222 HPE HS UQ GTQTNSOT OS ISNPUKROSNT HRNCRORGUS LTOOT #RORHUPUE INUFS LU OJQG?T KNTMPT KRQPUQJTE UHIRQT SO KRQCUQT JQ SQLSHTQPR UNNTGROSNTE KSNSPPTNUBBSD PR LS CRNPU T CNT;JTQPU LUMOUFTOOUA 5NRMTGJTQLR FTNMR TMPE UO KRQCUQT KRNNT OJQD GR OT 8OIU 9SNQUK?T ITN IRU NSGGUJQGTNT OT #RORHUPU SO 5SMMR LU 6RQPT 9NRD KT LU 9RHTOUKR T UQQSOBSNMU MJ@UPR LU ;JRPS CUQR SOOT /NT 9UHT LU 1SFSNTLRE LRFT UO KRQCUQT MU S@@SMMS TE SPPNSFTNMSPS OS FSO UH@RQE OSMKUS UQ PTNNUPRNUR UPSOUSQR GNSQ ISNPT LU 6RQPT 5USQSA :KTMR S 9SN@RQUQE UO KRQCUQT NUMSOT CUQR SOOS KUHS LU 6RQPT 9NUMPSOOR ITN IRU NULUMKTQLTNT QTOOS FSOOT LTOO>8QMUTUE OSD MKUSQLR ITN% UO 5SMMR /NT 9NRKU SOO>8JMPNUSE ITN NSGGUJQGTNT IRUE SPPNSFTNMR OT KNTMPT LTO :RNSIUME UO CRQLRFSOOT LU 8HITBBRE S MJL LU 9RNPUQSA 8PPNSFTNMR UO +TKKR LU 6TBL T OS 9NRLS LTO 1SGRE OS CNRQPUTNSE SPPNSFTNMR UO ISMMR 0USJE IJQPS LTKUMSHTQPT FTNMR MJL ITN NSGGUJQGTNT OS 6SNHROSLS T INRMTGJUNT FTNMR UO ISMMR :SQ 5TOOTGNUQR T OJQGR OS KSPTQS LTO 1SGRNSUE SNNUD

FSQLR SOOS FSOOT LTOO>8LUGT ISMMSQD LR ITN O> NPUGSNSE O>SOPRIUSQR LTU :TPD PT 9RHJQU T UO 5SMJ@URA 8 RFTMP LTO OSGR LU 0SNLSE UO KRQCUQT INRMTGJT FTNMR QRNL PRKKSQLR O>8LSHTOORE UO ISMMR LTO /RQSOT T INRMTGJTQLR CUD QR SO HSMMUKKUR LTOO> NPOTMD9TFTLSD OT SO KRQCUQT KRQ OS :FUBBTNSA <Q ;JTD MPR LUCCUKUOT PTNNTQR HRQPJRMR T NRKD KURMRE OT SFFTNMUP4 KOUHSPUK?T T OT ;JRPT SFNT@@TNR KRQLUBURQSPR UO HRD LR LU KRQLJNNT OT RITNSBURQUA !TO =7=* UO IUSQR LU 9SLRNQS INTFTD LT JQ SPPTGGUSHTQPR LUCTQMUFR QTO MTPPRNT PNTQPUQRE ITN SMMJHTNQT UQD FTKT JQR RCCTQMUFR MJOO><MRQBRA <O , GUJGQRE UQCSPPUE GOU UPSOUSQU OSQKUSQR JQ INUHR SMMSOPR SOOT IRMPSBURQU CRNPUCUD KSPT SJMPNRDJQGSNUK?T OJQGR UO KRNMR LTOO><MRQBRA 5NRINUR OJQGR ;JTMPR

+A=@>B E?5C@= 4E@>BACE ;ED7=@>E2 :@E E8<>A=28@:EAC9E ;=>E>E ;C 7E<9.C@B@:B B.A 'E>B@> #%9. EA1?=<B, $ 0

CUJHT MU KRH@SPPTNSQQR OT @SPPSGOUT IU LJNTA #SOOS KRQKS LU 5OTBBR SO 6RQPT :S@RPUQRE K?T LRHUQS OT @SMD MT KROOUQT LU CNRQPT 0RNUBUSE UO CUJHT MKRNNT PNS LJT NUIULU FTNMSQPU HRQPSD QUE KRMPUPJTQLR JQ RMPSKROR LUCCUKUOD HTQPT FSOUKS@UOTA JTMPR PNSPPR LTO CNRQPTE HTQR TMPTMR LU ;JTOOR SOIUQRE SMMJQMT UQCSPPU CUQ LSOO>UQUBUR JQ GNSQD LT FSORNT MPNSPTGUKR ITN OR :PSPR 6SGGURNT UPSOUSQRE UO KJU IUSQR INTFTD LT JQR MCRQLSHTQPR LTOOT LUCTMT SJMPNRDJQGSNUK?T ITN SINUNMU IRU OS MPNSLS FTNMR UO KJRNT LTOO>8JMPNUSA 5TN ISNPT ORNRE GOU SJMPNRDJQGSNUKUE

+E@>BACE C>E?CE@E 4E C@:AB<<= E 3BA6C:@E@= ;B? +AC8?C/ ?E 5AC7E 9C>>! 9=@ 8C<>E>E ;E??- <BA9C>= *>E?CE@=

K?T ?SQQR S@@SQLRQSPR OS FSOOSPS LU 9SIRNTPPRE CNRQPTGGUSQR GOU UPSOUSQU MJ JQS OUQTS LU KJU RKKJISQR GTQTNSOHTQPT JQS IRMUBURQT LRHUQSQPT K?T FS LSO 6RQPT RH@RQE ISMMSQLR SPPNSFTNMR UO KSHIR PNUQKTNSPR LU /ROHUQRE KROD OTGSQLR UO NUIULR FTNMSQPT LTMPNR LTO CUJHT KRQ ;JTOOR MUQUMPNR UQ KRNNUMIRQD LTQBS KRQ OT IRMUBURQU FTNMR UO 6RQPT :S@RPUQRA #SO :S@RPUQR OT PNUQKTT SJD MPNRDJQGSNUK?TE LUCTQLTQLR 0RNUBUSE MU MIUQGRQR QJRFSHTQPT ROPNT O><MRQBR ITN NSGGUJQGTNT OT ;JSPPNR KUHT LTO HSMMUKKUR LTO :SQ 6UK?TOT T INRMTGJUNT IRU CUQR SO HSNT OJQGR UO KUGOURQT KSNMUKRA KKJISPT 0NSLUMKS T 6RQCSOKRQTE GOU UPSOUSQU MU SPPTMPSQR S IRKS LUMPSQBS LSOOT IRMUBURQU SJMPNRDJQGSNUK?TA :J TQPNSH@U U OSPU LTO CNRQPTE JQ SHIUR T KRHIOTMMR MUMPTHS ORGUMPUKR . LUMPNU@JUPR HROPR UQ INRCRQLUP4 QTO PTNNUPRNURE RKKJISQLR FUT LU KRHJQUKSBURQTE KSHIU T @RMK?UE KUPP4 T ISTMUE ITN GSNSQPUD NT UO QTKTMMSNUR MRMPTGQR SU LJT 'MTNKUPU KRQ INTMULUE HSGSBBUQU T RMITLSOUA $, ' $ # $ % '# ' ' # # <O ,- HSGGUR =7=* OT SFSQGJSNLUT UPSOUSQT SFSQBSQR FTNMR UO KRQCUQTE FSND KSQLR ;JSMU RFJQ;JT OS CNRQPUTNS T RKKJISQLR QJRFT IRMUBURQU OJQGR UO KRD MPUPJTQLR CNRQPTA 1S INUHS SBURQT LU JQ ;JSOK?T ITMR . O>RCCTQMUFS ROPNT O><MRQBR UQ LUNTBURQT LU 0RNUBUSA 8 ISNPUNT LSOOS CUQT LU GUJGQR MU MJMMTGJRQR MJO 9SNMR FUROTQPU KRH@SPPUHTQPU K?T MU MFUOJIISQR UQ ;JTOOS KRQRMKUJPS KRD HT 5NUHS @SPPSGOUS LTOO><MRQBRA :T GOU UPSOUSQU MRQR UQ ;JSOK?T HRLR R@@OUGSPU S INTQLTNT O>RCCTQMUFSE OT KRD MT SIISURQR IU MTHIOUKU ITN GOU SJMPNUSKUA 8O 0TQTNSOT +RNRTFU . SCCULSPR UO KRHIUPR LU NTMUMPTNT MJO 9SNMR T LU PTQTNT 0RNUBUS& JQ KRHIUPR SGTFROSPR LSOOS KRQCRNHSBURQT LTO PTNNUPRNURE SPPNSFTNMR JQS OUQTS K?T LSO @SMMR <MRQD BR MU SIIRGGUS SOO>SOPUIUSQR KSNMUKRE LUCTMR SOOT MJT TMPNTHUP4 RKKULTQPSOU T RNUTQPSOU NUMITPPUFSHTQPT LSO 6RQPT :SQ 6UK?TOT T LSO 6RQPT TNHSLSA 1S KUPP4 LU 0RNUBUS . LUCTMS LS OUQTT LU PNUQKTT KROOTGSPT KRQ OT ;JRPT :S@RPUQRD MOSFUSD5RLGRNS T LS RITNT CUMMT NSCCRNBSPT LS JOPTNURNU RNLUQU LU PNUQKTT K?T KRHIRQGRQR OS MTKRQLS T OS PTNBS OUQTSA !TO MTPPRNT LTOO>SOPR <MRQBR OT LUCTMT MRQR UQFTKT KRMPUPJUPT LS OUQTT LU PNUQKTT KRQPUQJTE HTQPNT UO MTPD PRNT HTQR CRNPUCUKSPR SIISNT ;JTOOR LTO 9SNMRA !TO KRHIOTMMR ITN% QRQ PJPD

PU U IUSQU LU NSCCRNBSHTQPR LTOOT LUCTD MT SJMPNRDJQGSNUK?T MRQR MPSPU SQD KRNS KRHIOTPSPU TE FUMPS SQK?T OS QTPPS UQCTNURNUP4 QJHTNUKSE U 9RHSQD LU UHITNUSODNTGU QRQ IRMMRQR TMMTD NT KTNPU LTOO>TCCUKSKUS LTU INRINU LUD MIRMUPUFUA 1>SFSQBSPS UPSOUSQS SIISNT CUQ LS MJ@UPR LUCCUKUOT S KSJMS LTOOT @JRQT IRMUBURQU PTQJPT LSO QTHUKRA !TU INUHU GURNQU LU GUJGQRE MRQR KRHJQD ;JT RKKJISPT 0NSLUMKS T 5OSFSE ROD PNT O><MRQBRE MTGJUPT IRU LS 6RQCSOD KRQT TE UO = GUJGQRE JQS ISNPT LTO 6RQPT !TNRA <QROPNTE OT PNJIIT UPSOUSD QT SFSQBSQLR MJO CNRQPT LTOOS 0UJD OUS KRQ;JUMPSQR 9SIRNTPPR T OS BRQS PNS O><MRQBR T OR JLNURE RKKJISQLR IRU 9RNHRQME 9TNFUGQSQR LTO NUJOU T 0NSLRA 8OO>SO@S LTO , GUJGQR O>SNPUGOUTNUS UPSOUSQS UQUBUS UO @RH@SNLSHTQPR MJOD OT IRMUBURQU SJMPNRDJQGSNUK?T QTOOS BRQS LU 5OSFSE KJU CS MTGJUPR O>SPPSKD KR LS ISNPT LTOOS +NUGSPS )'HUOUS( UQ LUNTBURQT LU 0OR@QSE LRFT GOU UPSOUSQU MU PNRFSQR LU CNRQPT SU NTPUKROSPU T MRPPRIRMPU SU @RH@SNLSHTQPU LTOO>SND PUGOUTNUS QTHUKS MRQR KRMPNTPPU S UQD PTNNRHITNT O>SMMSOPRA 1>SBURQT . NUD INTMS UO GURNQR MJKKTMMUFR HS MROR KRQ HUQUHU INRGNTMMU T KRM E LRIR LJT JOPTNURNU PTQPSPUFU CSPPU LSOOS +NUD GSPS ) RNO ( T LSOOS ):ITBUS(E UO , T UO , GUJGQRE O>SPPSKKR . LTCUQUPUFSD HTQPT MRMITMRA 1>SFSQBSPS UPSOUSQS QTU INTMMU LU 5OSFSE PNRIIR OUHUPSPS QTU MJRU NUMJOPSPUE QRQ . ;JUQLU MJCCUD KUTQPT SL SINUNT JQ FSNKR PNS OT OUQTT QTHUK?TA !TO CNSPPTHIRE UO < 9RNIR L>8NHSPS SFTFS OSQKUSPR JQ SPPSKKR CNRQPSOT KRQPNR MOSFUS T 5RLGRNSE T LJT OSPTNSOU KRQPNR UO :S@RPUQR T KRQPNR UO PNSPPR LTOO><MRQBR PNS 0RNUD BUS T :SFRGQSA #RIR JQ UQPTQMR @RH@SNLSHTQPR L>SNPUGOUTNUS UO ,GUJGQR OT CSQPTNUT FSQQR SOO>SPPSKKRE INUFT ITN% LTOO>SLTGJSPS KRITNPJNS LTOO>SNPUGOUTNUS K?T QRQ . NUJMKUPS S LUMPNJGGTNT U NTPUKROSPU Q S UQPSKKSD NT OS NTMUMPTQBS LTU LUCTQMRNUA < NUITD PJPU SPPSKK?U IRNPSPU SO :S@RPUQR PNS UO ,- GUJGQR T UO - OJGOUR NUTMKRQR SL SINUNT MROR IUKKROU FSNK?U PNS OT LUCTD MT QTHUK?T QRQ ITNHTPPTQLR JQR MCRQLSHTQPR T NUFTOSQLRMU ;JUQLU UQCNJPPJRMUA 1T PNJIIT UPSOUSQT NSGGUJQGRQR ITN% /ROHUQRE SOKJQT SOPJNT FUKUQR 5OTBBR T UO 6RQPT 9RORFNSPA <Q ISNPUKROSNT

O>SPPSKKR KRQPNR /ROHUQR ?S UQUBUR UO OJGOURE ;JSQLR QTGOU SOPNU MTPPRNU OS @SPD PSGOUS . GU4 UQ KRNMRE T INRINUR HTQPNT QTO MTPPRNT 6RUMPNRKKSD6RQPT !TNRD <MRQBR O>SMMSOPR UPSOUSQR FUTQT MRMPSQBUSOHTQPT CTNHSPRA !TOOT MPTMMT RNT OT +NUGSPT )6RLTQS( T ):SOTNQR( UQUBUSQR SL SFSQBSNT FTNMR OR :OTHT T UO 6NBOUA <O KTQPNR LU GNSFUP4 LTOOS @SPPSGOUS MU MIRMPS ;JUQLU MJO 9SNMRE LRFT UO T < 9RNIR L>8NHSPS UHITGQSQR OT LUCTMT SJMPNRDJQGSNUK?TA JTOOS K?T MTGJTE QRPS KRHT :TKRQLS @SPPSGOUS LTOO><MRQBRE R @SPPSGOUS LU :SQ 6UK?TOTE FUTQT KRH@SPPJPS LSO = OJGOUR SO SGRMPR =7=*A <QUBUSOHTQPT OS <<< 8NHSPS UPSOUSQS SPPSKKS OT OUQTT QTHUK?T QTOOT ORKSOUP4 +RD MKR 9SIIJKKURE +RMKR 1SQKUS T +RMKR /NUSQGROSNTE IRUE UO ,* OJGOUR OS +NUGSD PS ):SMMSNU( T OS ,,S #UFUMURQT MU UHISLNRQUMKRQR LU JQ PNSPPR LTOOT PNUQKTT QTHUK?T CSKTQLR LUFTNMU INUGURQUTNUA 8QK?T UQ KRQMTGJTQBS LU KU%E +RNRTFU E K?T LUMIRQT LU RPPUHT PNJIITE MRINSPPJPPR MOSFTE OSQKUS JQ KRQPNSPPSKKR HTPD PTQLR S NUMK?UR OT IRMUBURQU UPSOUSQT ROPNT O><MRQBRA /JPPSFUSE LRIR RPPR RNT LU SMINU KRH@SPPUHTQPUE GOU UPSOUSQU NUTMKRQR S PTQTNT OT IRMUBURQU KRQ;JUMPSPTA <O ,7 OJGOUR U KRH@SPPUHTQPU NUINTQLRQRE KRQ GOU SJMPNRDJQGSNUKU K?T NTMUMPRQR SU QJRFU SMMSOPU UPSOUSQU LUTPNR OS ORNR MTKRQLS OUQTS LU LUCTMS QRPS SQK?T KRHT )/NUQKTNRQT(E K?T FTNN4 UQFTMPUPR T KRQ;JUMPSPR LS JQ FUROTQPR SMMSOPR UPSOUSD QR SOOS @SURQTPPS MROSHTQPT UO - SGRMPRA 8 QJOOS FSOGRQR U NUITPJPU KRQPNSPPSKD K?U OSQKUSPU LSGOU SJMPNRDJQGSNUKU QTU GURNQU MJKKTMMUFU K?T MU JQUMKRQR SU FURD OTQPU SMMSOPU UPSOUSQUE MITMMR SOOS @SURQTPPSE ITN MPS@UOUBBSNT OS OUQTS T K?T KRD MPSQR S TQPNSH@U U KRQPTQLTQPU ITMSQPU ITNLUPTA 8O PTNHUQT LTOOS @SPPSGOUS GOU UPSOUSQU PTQGRQR MSOLSHTQPT U PNUQKTNSHTQPU LU +RMKR 9SIIJKKURE +RMKR 1SQD KUS T +RMKR /NUSQGROSNTA #RIR ROPNT LJT HTMU LU NTOSPUFS PNTGJSE KRQ O>SNNUFR LTOO>SJPJQQRE 9SLRNQSE K?T ?S MRMPTQJPR JQ KRQMUMPTQPT NSCCRNBSHTQPR LTOOT LRPSBURQU LU SNPUGOUTNUSE INTISNS JQS QJRFS RCCTQMUFSE HTQPNT GOU SJMPNRDJQGSNUKU MU SFFSQPSGGUSQR LTOOS CSMT LU MPSOOR QTOOT RITNSBURQU ITN NSCCRNBSNT OT INRINUT IRMUBURQUA /NS UO = RPPR@NT T UO - QRFTH@NT =7=* MU KRH@SPPT OS /TNBS @SPPSGOUS LTOD O><MRQBRA <O = RPPR@NT O>SNPUGOUTNUS UPSOUSQS UQUBUS UO @RH@SNLSHTQPR LU #R@TNL% T LTO 6RQPT :SQ 6UK?TOT INUHS K?T OT +NUGSPT ) T( T )5UMPRUS( SPPSKK?UQR QTOOS BRQS LU 5RLGRNSA < NSIULU KRQPNSPPSKK?U LTO QTHUKR IRNPSQR ITN% SOOS ITNLUPS LTOOT TCCUHTNT KRQ;JUMPT UPSOUSQT LTOOT INUHT RNTA 0OU UPSOUSQU RPPTQGRD QR SQK?T HRLTMPU NUMJOPSPU MJOOT PTMPT LU IRQPT LU 5OSFS T /ROHUQRE HTQPNT OS -S #UFUMURQT UPSOUSQS PTQPS UQFSQR OS KRQ;JUMPS LTO 6RQPT :S@RPUQRE HTQPNT OS +NUGSPS )1RH@SNLUS( RPPUTQT HUQUHU NUMJOPSPU INTMMR MOSFUSE ITN TMMTNT IRU MIUQPS UQLUTPNR LS JQ KRQPNSPPSKKRA 5SNBUSOU MJKKTMMU MU NTGUMPNSQR MJO 6RQPT :TU +JMUE S :TOB T 6RQCSOKRQTA <QPSQPR OT PNUQKTT SJMPNUSK?T MJO 6RQPT :SQ 6UK?TOT MRQR KRQ;JUMPSPT T ITNLJPT IU FROPT KRQ KNJTQPU KRQPNSPPSKK?UA 1S JSNPS @SPPSGOUS LTOO><MRQBR MU KRH@SPPT PNS UO =2 QRFTH@NT T UO * LUKTHD @NT =7=* KRQ OS GNSQ ISNPT LTU KRH@SPPUHTQPU KRQKTQPNSPU FTNMR 0RNUBUS T MJO 9SNMRE SQK?T MT OS MIUQPS RCCTQMUFS . LUMPNU@JUPS OJQGR PJPPS OS OUQTS LTOD O><MRQBRA 0OU UPSOUSQU KRQ;JUMPSQR LUFTNMT IRMUBURQU HS MTQBS NUJMKUNT SL RPPTD

QTNT JQR MCRQLSHTQPR LTKUMUFRA 1T INUHT RCCTQMUFT UPSOUSQT MJO CNRQD PT LTOO><MRQBR MU LUHRMPNSQR TMPNTD HSHTQPT MSQGJUQRMTA <O MROR 'MTND KUPR UPSOUSQR NTGUMPNS KUNKS , *A222 PNS HRNPUE CTNUPUE INUGURQUTNU T LUMITND MUE HTQPNT GOU SJMPNRDJQGSNUKU ITND LRQR ROPNT =*2A222 JRHUQU& UQROPNTE QRQRMPSQPT GOU MCRNBU INRCJMUE QTMD MJQR LTGOU R@UTPPUFU LTO 9RHSQLR :JINTHR UPSOUSQR . MPSPR NSGGUJQPRE HTQPNT OS MPSGURQT RNHSU SFSQBSPS R@@OUGS SOOS MRMITQMURQT LTOOT RITNSBURQU MJ FSMPS MKSOS T SOO>SMD MJQBURQT LU JQS MPNSPTGUS TMMTQD BUSOHTQPT LUCTQMUFS UQ SPPTMS LU MJD ITNSNT OS MPSGURQT CNTLLSA ' # $ $ ' # 5SNSOOTOSHTQPT SOOT RCCTQMUFT OSQD KUSPT MJO CNRQPT LTOO><MRQBRE UQ /NTQD PUQR OS -S 8NHSPS UPSOUSQS SMMJHT JQ SPPTGGUSHTQPR RCCTQMUFR TE S ISNPUNT LSO HSGGURE ?S UQUBUR JQS MTNUT LU OUHUPSPT RCCTQMUFT UQ FSNU IJQPU LTO CNRQPT LRORHUPUKRA 1> GUJGQR GOU UPSD OUSQU SPPSKKSQR QTOO>SOPR 9SLRNTE MJO 9RO LU 1SQSE QTO PTQPSPUFR LU UQPTND NRHITNT OT FUT LU NUCRNQUHTQPR QTHUD K?T SPPNSFTNMR OS SO 5JMPTNUSA /NS UO =* T UO = GUJGQR ?S UQUBUR JQS INUD HS RCCTQMUFS FTNMR U 1SGSBJRU KRQ O>R@@UTPPUFR LU UHISLNRQUNMU LTO :SMD MR LU :PNUSE MJOOS KJU KUHS . UQMPSOOSD PR JQ RMMTNFSPRNUR LTOO>SNPUGOUTNUS UHD ITNUSODNTGUSA :UHUOU RITNSBURQU MRQR SFFUSPTE PNS GUJGQR T OJGOURE SQK?T MJOOT /RCSQT T FTNMR OS FSO /NSFTD QSQBTME LRFT ITN% GOU SJMPNRDJQGSD NUKU NUTMKRQR S KRQPNSPPSKKSNT KRQ TCCUKSKUSA #RIR SFTN RKKJISPR 9RNPUD QS T UO ISMMR /NT 9NRKU S CUQT HSGD GURE GOU UPSOUSQU MU PNRFSQR LUQQSQBU S QJRFU RMPSKROU K?T M@SNNSQR OS MPNSD LS ITN #R@@USKR T OS FSO 5JMPTNUS T K?TE SPPSKKSPU LJNSQPT UO HTMT LU GUJGQRE NTMUMPRQR TCCUKSKTHTQPTE HTQPNT OS OUQTS MU MPS@UOUBBSE NUHSD QTQLR LU CSPPR UQSOPTNSPS CUQR SO =7= A 8OPNU MKRQPNU SFFTQGRQR OJQGR PJPPR O>SNKR LTO MSOUTQPT PNTQPUQRE SOOT /NT 9UHT LU 1SFSNTLRE SO ISMMR UD MKSOUQRE SO 6RQPT 5RITNSE SO ISMMR 6RQPT 9NRKT LU 9RHTOUKRA 8QK?T UQ /NTQPUQR ITN% OS OUQTS MU MPS@UOUBBS NSIULSHTQPT T UO CNRQPT SMMJHT JQS MPNJPPJNS MPSPUKSA #U HSGGURNT UQPTD NTMMT OS MRNPT LTOOS ISNPT RFTMP LTO

3E6E??B::BAC C>E?CE@C ;CD<9=A>E E 5AC:C=@CBAC E8<>A=28@:EAC9C

HNLLMIN OJDPKMA OJ DOHHM FNJ 2MKOJN N HEJ COHHPGGPM FNJJO 4OICMJOFOA G:N FOJJO >PKN FP COBBPM FNJ ;6;( OJ KM?NC9IN FNJ ;6; IODDINHNKLO EK NJN@ CNKLM HLIOLNBPGM FP BIOKFN PCDMILOK=O< NIHM PJ DOHHM FNJ 2MKOJNA JN O=PMKP DP HPBKP>PGOLP?N FNJ ;6;( O??NKBMKM PK OBMHLM DMILOKFM DNI" HMJM OJJO GMK@ ,EPHLO FNJ 2MIIPMKN F8.J9PMJM< PHLP BJP HGOIHP IPHEJLOLP MLLNKELP N JN FP>>PGMJL* FNJ LNIINKMA OKG:N JO BENIIO FP CMKLOBKO HP GOIOLLNIP==O DNI JM H?PJEDDM FP JEKB:N JPKNN LIPKGNIOLN N DMHLO@ =PMKP HGO?OLN KNJJN IMGGN N KNP B:POGGPOP PK OJGEKP GOHP >PKM O MJLIN <000 CL FP OJLPLEFPKN<

>IMKLPA PK DOILPGMJOIN ,ENJJM MIPNKLO@ JNA DNI ,EOKLM JO GOFELO FNJJO 5NI@ 9POA O??NKELO DIMDIPM KNJJ8OELEKKM FNJ ;6;(A GMKLIP9EPHGO O GOC9POIN KEM?OCNKLN JN DIMHDNLLP?N GMC@ DJNHHP?N DNI J87LOJPO< *) ($$)*( ", ')*,+ *)*('')*( "(&& %, (*$,' ", ) + + ,(% + )'')*( - ,#(*#+')*( $')*,#)

.JJ8PKP=PM FNJ GMK>JPLLM 3OFMIKO O?N?O PCCOBPKOLM FP DMLNI H>MKFOIN JN FP>NHN OEHLIM@EKBOIPG:N GMK EKO M DP HDOJJOLN FNGPHP?N G:N ODIPHHNIM JO HLIOFO ?NIHM P DEKLP KN?IOJBPGP FNJJ8.EHLIPO@ KB:NIPO< .JJO DIM?O FNP >OLLPA JN OHDNLLO@ LP?N FNJ 3MCOKFM 5EDINCM HP FPCMHLIOKM OHHMJELOCNKLN JMKLOKN FOJJO INOJ@ L*< 7J IPHEJLOLM FNP DIPCP OHHOJLP KMK DMILO PK>OLLP G:N O DPGGMJN N HLIO@ LNBPGOCNKLN JPCP@ LOLN GMK,EPHLN< MLN?MJN PKMJ@ LIN J8PCDOLLM FNJ@ JO FP>NKHP?O N JO FPCMHLIO=PMKN FNJJN GODOGPL* FP INHPHLNK=O FNP KNCPGP< 18PKHEDN@ IO9PJPL* FNJJN JP@ KNN FP FP>NHOA FNP JEKB:P INLPGM@ JOLPA FNJJ8OILPBJPN@ IPOA CNLLMKM PK GIPHP P DPOKP DNK@ HOLP DNI EKO BENIIO M>>NKHP?OA GMKFMLLO HNGMK@ FM EKO FMLLIPKO OJJMIO GJOHHPGO CO %+ $ +"*+ ", #+ +&&(!!(*, ,% *)$$, ,' ", % #+$)&+*( %(&&+ N?PFNKLNCNKLN HEDNIOLOA GMCN ,+% *+ *, &+%+ O?N?OKM FNJ INHLM BP* FPCMHLIOLM JN NHDNIPNK=N HEBJP OJLIP >IMKLP< .KG:N HEJ LNOLIM FP BENIIO PLOJPOKM PJ GMK@ >JPLLM HP IP?NJO FEK,EN EKO BENIIO FP JMBMIOCNKLM N PK ,ENHLO FPKOCPGO OK@ G:N JO HEDNIPMIPL* KECNIPGO PLOJPOKO KMK DE" O?NIN EK DNHM FNGPHP?M< M@ KMHLOKLN GP"A HP DE" O>>NICOIN G:N OKGMIG: HPOKM >OGPJPLOLP FOJJO FP>NKHP@ ?O BJP OEHLIM@EKBOIPGP HE9PHGOKM DNIFPLN DIMDMI=PMKOJCNKLN HEDNIPMIP G:N HMKM IPCDPO==OLN GMK COBBPMIN FP>>PGMJL* O GOEHO FNJJ8PCDNBKM HEBJP OJLIP >IMKLP< 18NHDNIPNK=O FNJJN DIPCN 9OLLOBJPN :O PKMJLIN FPCMHLIOLM EKO HNIPN FP FP>>PGMJL* GMKGNLLEOJPA HMDIOLLELLM O GOEHO FNJJ8MHLPKO=PMKN KNJJ8M>>NKHP?O< 7J 3MCOKFM 5EDINCM PLOJPOKM PKHPHLN DNI" GMK OLLOGG:P >IMKLOJPA GMK J8PCDN@ BKM FP COHHN GMCDOLLN N ,EOKFM DMHHP9PJN EK OCDPM FPHDNKFPM FP CEKP@ =PMKP FP OILPBJPNIPOA JO GEP HGOIHO FPHDMKP9PJPL* HDNHHM DIM?MG:NI* JO HMHDNK@ HPMKN M PJ IPK?PM FNJJN MDNIO=PMKP< JP OLLOGG:P JOKGPOLP OF NHNCDPM LIO PJ 'MF@ BMIO N PJ 4MKLN 5O9MLPKM M FP >IMKLN O MIP=PO KMK :OKKM DIOLPGOCNKLN OJ@ GEK IPHEJLOLM N JEKBM PJ GMIHM FNJJ87HMK=M JO JPKNO FP>NKHP?O OEHLIM@EKBOIPGO IPCOKN DINHHMG: PKOJLNIOLO< O EK DEKLM FP ?PHLO DINLLOCNKLN CPJPLOINA HN ?PHLM PK EK8MLLPGO JPCPLOLO OJ >IMKLN PLOJPOKMA PJ ;6;( KMK HP FPCMHLIO GNILM EK OKKM NGGN=PMKOJN DNI JN HMILP PLOJPOKNA COKGOKFM OHHMJELOCNKLN ,ENJJO ?PL@ LMIPO FNGPHP?O PCCOBPKOLO FO 3OFMIKO< 2ELLO?POA HN DINKFPOCM PK GMKHPFN@ IO=PMKN J8N,EPJP9IPM GMCDJNHHP?M FNJ GMK>JPLLMA HPO HEJ DPOKM DMJPLPGM HPO HE ,ENJJM CPJPLOINA J8PCDNBKM HEJ >IMKLN PLOJPOKM IODDINHNKLO GMCEK,EN EKO 9MGGOLO F8MHHPBNKM DNI JN >MI=N FNJJ87KLNHO N EK DOI=POJN HMHLNBKM OBJP OJLIP

1< 3OFMIKOA /1O BENIIO OJJO >IMKLN PLOJPO@ KO-A 2IN?NHA 4PJOKMA ;6$;% ..< <A /18 HNIGP@ LM 7LOJPOKM KNJJO BIOKFN BENIIO ;6;(@;6;& -A 3M@ COKFM FNJ 3MIDM FP 5LOLM 4OBBPMIN @ >>PGPM 5LMIPGMA MCOA ;6$ % 1< .J9NILPKPA /1N MIPBPKP FNJJO BENI@ IO FNJ ;6;#-A MJ< 777A /18NDPJMBM FNJ@ JO GIPHP FNJ JEBJPM ;6;#< 1N FPG:POIO@ =PMKP FP BENIIO N FP KNELIOJPL*-A IO@ LNJJP +MGGOA 4PJO@ KMA ;6# % +< PBN==PA /187LO@ JPO KNELIOJN-A PG@ GPOIFPA 4PJOKM@ O@ DMJPA ;6 % < 4PKKPLPA / HNIGPLM N DMJPLPGO FO 'MILO 'PO OJJO 2IPDJPGN .JJNOK=O-A 7J 4EJPKMA +M@ JMBKOA ;6 % < 3IEGGEA $(*#,') %(& (*,)") !,)&,' ',+%) A PK /18 HNIGPLM 7LOJPOKM FOJJ8EKPL* OJJO BIOKFN BENIIO ;& ;@ ;6;& -A 54 @ >>PGPM 5LMIPGMA MCOA ;6&0% .< 5OGGMCOKA /7J NKNIOJN 'OMJM 5DPK@ BOIFP 4PKPHLIM FNJJO ENIIO ;606@;6;#-A 54 @ >>PGPM 5LMIPGMA MCOA ;66(% < NNBOKA /2:N PIHL MIJF OI-A 1MK@ FMKA ELG:PKHMKA ;66&% +< < 1PFFNJJ OILA /1O 'IPCO BENIIO CMK@ FPOJNA ;6;#@;6;&-A P==MJPA 4PJOKMA ;666% < <.< 5LIOG:OKA /2:N PIHL MIJF OI< 7 ) * $ A >MIF KP?NIHPL 'INHHA >MIFA $00;% < +M?PMA /5LMIPO FNJJ8 HNIGPLM 7LOJPOKM ;& ;@$000 -A 54 @ >>PGPM 5LMIPGMA M@ COA $0;0% < 3ODDNJJOKMA /'POKP FP BENIIO FNJJM 5LOLM 4OBBPMIN 7LOJPOKM GMKLIM J8.EHLIPO@ KB:NIPO ;& ;@;6;( -A PKM MHHOLM FPLMINA M?OJN OJFOBKMA $0;#<

%9:-(3396 9%(39$

7 46225 )7 93 5 93 '9('46 %9 $5426 7449 7 93 )5''9 5426 73 9 49 $64 9 7227'39649 !(,7 5% 8 9335, '9(4'5 7 %9 ,6) )5,7 94 $9 7 73 &6425 /5)6 5 %6 6 (4 7,,7326 7)%9 5426,6 45 $64 (9,27 7 37 5227 07 $64 (9,27 %53 &6425 /5)6 453 '9('46 ( 93 )9 6 9 6)27425 ,($ $5,,6 %53:*5'96 8,5)$926 +2739746 !# ! !# # " "# " " "!#" ! " " "! " " " # !# "! # !# " !

01 8/8!+

800 1 +./8

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

?A ;A<>A >@8@6<A.C;A 9B= 2@?>B %B<@ ):;A=A 0 &$ (4 <C8@<>A =A :C>7A/C@?B A= 0& 6C76?@ 0"0&

&./-8 *1-1 ';PWQW F IC <+6.*

&./-8 /8*. '!PRXF ICX7700*

&./-8 *.!!. '&WQTJRUMW F IC 7<$0*

MVOOUHWIVRQV SW OQPVQQW NU 3WJWG SW NTPOWSV NU WHTPMV(G US IWOOUMMUT NVS @TRQV 4VPT V @TRQV VDWG IVRQPV SW 6W 2PIWQW NTHVHW TMMKF LWPV S=WSQKPW NU @VNVW 'W THVOQ NU ,TPUDUW* V U LTRQU OKS BWOOT EUKIV 8OTRDTC 2SS=URUDUT NVSSV TOQUSUQ SV RTOQPV QPKLLV TSQPVLWOOWPTRT US MTREURV UR LU LKRQU NVSSW EPTRQV ,UKSUW WOOUMKF PWRNTOU WSMKRV NTPOWSU V MUIV KQUSU LVP SV TLVPWDUTRU OKMMVOOUHVC 3KS EPTRQV NVSSW 7W 2PIWQWG EK MTR>KUF OQWQW SW MTRMW NU 9WLTPVQQTG SW SKRF JW NTPOWSV NVS 5TSTKRU( OUQKWQW W RTPN NVSSW STMWSUQ NU -VPRTHWG US @TRQV ;PWQWG US @TRQV !TDSUW(G MPVF WRNT MTO SV LPVIVOOV LVP SW MTRF >KUOQW NVS @TRQV 4VPT V NVSSV MUIV MUPMTOQWRQUC 3KSSW EPTRQV NVSSV 2SLU ,UKSUVG EPW US @TRQV 9WRUR V SV LVRNUMU THVOQ NVS @TRQV 3WBTQURTG TLVPWHW SW 7W 2PF IWQWG WS MTIWRNT NVS ,VRVPWSV PKF JTRUG ETPQV NU QPV 9TPLU N=2PIWQW" US 88 MTR SV )UHUOUTRU 6WG 0W V 67W US 8; MTOQUQKUQT NWSSV )UHUOUTRU WG .WG 66WG MTR SW )UHUOUTRV OLVMUWSV BVPOWJSUVPU MTOQUQKUQW NWU PVJJUF IVRQU $ G + G << V <7 V NWU JPKLLU WSLURU ?2A 'BWQQWJSUTRU ?8HPVWAG ?2TOQWAG ?8RQPWAG ?;WS N= PMTAG ?;WS &WSQVWAG ?;WS -TMVAG ?9UHUNWSVA V ?;WS 4WQUOTRVA* V ?&A 'BWQQWJSUTRU ?3KOWAG ?# USSVOAG ?5UF RVPTSTAG ?;WS 5VSSUMVAG ?;WS )TPWA V ?;WS 9VRUOM:UWA* US 88 MTR SV )UHUOUTRU 76W V 70WC W NUOLTOUDUTRV NVS 9TIWRNT NU 2PF IWQW M=VPWRT" 6 JPKLLU NU MWRRTRU NW <0+2G 0 JPKLLU NU TBUMU LVOWRQU MWILWSUG <$ BWQQVPUV NW ITRQWJRWG . BWQQVPUV OTIVJJUWQVG 0 MTILWF JRUV LTRQUVPU NVS JVRUTG 6 MTILWF JRUV IURWQTPU NVS JVRUT V 6 O>KWF NPUJSUV NU WVPTLSWRUC 8R LWPQUMTSWPVG US ,VRVPWSV 9WNTPF RW WHVHW WOOVJRWQT WSSW 7W 2PIWF QW SW MTR>KUOQW NVS IWOOUMMUT NVS @TRQV 4VPT V SW MTRMW NU -TSIURT MTR SV WSQKPV NU 3C @WPUW V 3C /KMUW M:V ETPIWHWRT KRW LVPUMTSTOW QVF OQW NU LTRQV OKSSW PUHW NVOQPW NVSF S=8OTRDTC

@>@ 8A?@<A5C;A <C8<B:A 9A= 2@?>B 2A>A 7<

A ;A>B?A 9B= 3@?>B <A>A ' 3@?>B <:C; 9A==AD2B>>AD9B= 3@?>B %B<@ )37:B@ 9B6=C -=8C?C 9C ,A2C6?@?B4 *#(

ETRNT HWSSVG OMWPOV VPWRT SV HUV NU MTIKRUMWDUTRV V U IVDDU NU QPWF OLTPQTC ;UHVPUG IKRUDUTRU V IWQVPUWSU NTHVHWF RT VOOVPV LTPQWQU W OLWSSW NWJSU WSLUF RU T W NTPOT NU IKST KQUSUDDWRNT U LTF M:U V OMTRRVOOU OVRQUVPU M:V OWSUHWF RT HVPOT US ;PWQW T US !TDSUW(C 3LVOF OTG W MWKOW NVS EKTMT RVIUMTG RTR VPW LTOOUBUSV EWP JUKRJVPV WJSU WSLURU US PWRMUT MWSNT MTR SV OWSIVPUV VN VOOU OU NTHVHWRT WNWQQWPV W MTROKF IWPV SW PWDUTRU HUHVPU NU PUOVPHWC 8S MTILUQT NU MTR>KUOQWPV SW NTPOWSV NVS @TRQV POUJF@TRQV ;PWQWG US IWOOUMMUT NVS @TRQV 4VPT V SW QVF OQW NU LTRQV NU -TSIURT HVRRV WOF OVJRWQT WS 8; 9TPLT N=2PIWQW NVS ,VRVPWSV 4UMTSUO NU TBUSWRQC )U EPTRQV WS 8; 9TPLT N=2PIWQW VPWF RT OM:UVPWQV SV OVJKVRQU ETPDV RVF IUM:V" W RTPNG UR MTPPUOLTRNVRDW NVS @TRQV WHTPQV(F@TRQV /ULRU(G US JPKLLT 5SVDDT '9TIWRNWRQV" ,VRVPWSVX4WJ * W NUEVOW NVS JPKLLT ITRQKTOT NVS @TRQV 4VPTG SW 888 &PUJWQW NW ITRQWJRW WKOQPTKRJWPUMW WJSU TPNURU NVS ,VRVPWSV ,VPWBV( UR MTPPUOLTRNVRDW NVSSW MTRMW NU -TSIURTF3C/KMUWG SW ; &PUJWQW NW ITRQWJRW WKOQPTKRJWPUMW WS MTIWRNT NVS ,VRVPWSV UVNVRC 08 #1*1--8*+!-+# 8

8001 *8 +./8: 80 &./-8 /8*.

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

3B::A A= ;A58@ 9B= 1A>>A6=C@?B -=8C?C C2C9A=B A <B/B?;A4 0"0& )-=>@ +:@?/@(

0+ 1--1## + *80+&+/1*+ 8* 01:#./ +!-1: 80 &./-8:/8*. 5PUIW NU LWOOWPV WSSW MTR>KUOQW HVPW V LPTLPUW NVS IWOOUMMUT NVS @TRQV 4VPTG US ,VRVPWSV NU TBUF SWRQ NUVNV TPNURV WSSV OKV KRUQ WHWRDWQV NU TMMKLWPV KRW OVPUV NU >KTQV V MTOQTRU URNUOLVROWBUSU LVP SW PUKOMUQW NVSS=TLVPWDUTRVC 8R PVSWDUTRV W QWSU TPNURUG WSS=WSBW NVS 7 IWJJUTG NTLT KR MTIBWQQUF IVRQT RTQQKPRTG S=A# USSVOA MTR>KUF OQWHW US @TRQV !TDSUW( '>KTQW <C$17* V US ?3KOWA US @TRQV 5SVMW '>KTQW <C610*C 8S JUTPRT 7+ IWJJUT US $ PVJJUIVRF

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

PTHVOMU NVS @TRQV 5SVMWC US JPKLLT WSLURU ?&A LPVOUNUWHW US ;PWQW MTR US BWQQWJSUTRV ?3KOWA W >KTQW 7C<17F@TRQV ;PWQWG US ?;WS 5VSSUMVAG US ?;WS )TPWAG US ?;WS 9VF RUOM:UWA V S=A8HPVWA W RTPN NVS BWQQWJSUTRV ?3KOWA NWS @TRQV ;PWQW OURT WS LWOOT POUM NTHV M=VPW SW OWSNWQKPW MTR U BVPOWF JSUVPUC US BWQQWJSUTRV ?;WS -TMVA V U BWQQWF

+= 8AB:B 9C <B/B?;A ;@? =A ; CB:A )37:B@ 9B6=C -=8C?C 9C ,A2C6?@?B4 *#( 1 ,949,2)7 -=8C?C 9C 2B9B>>A :7= 3@?>B %B<@$ +? 8<C5@ 8CA?@ C 3@?>C ,=B5B B 3</=C )37:B@ 9B6=C -=8C?C 9C ,A2C6?@?B4 *#(

JSUTRU ?;WS &WSQVWA ETPQVIVRQV LPTHWQU >KVOQU KSQUIU NWU OWRJKUF RTOU WOOWSQU MTRQPT US @TRQV @PDSU HVRRVPT QVRKQU UR PUOVPHW RVU LPVOOU NU )PVDVRMWG OVNV NVS 9TF IWRNT NVU NKV JPKLLU WSLURUC ,SU WKOQPUWMUG LVP EVPIWPV S=WDUTRV TEF EVROUHW NVJSU UQWSUWRU V LVP PUMTR>KUF OQWPV SW NTPOWSV NVS ;PWQWF POUMG US JUTPRT 6 JUKJRT SWRMUWPTRT KR EKPUTF OT MTRQPWQQWMMTG NW LU NUPVDUTRUG MTRQPT JSU WSLURU WJJPWLLWQU OKSSV LTF "

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

0 1--1##. 10 &./-8 /8*.

+= ,@>>@>B?B?>B -=1B<>@ C;;@

/=TMMKLWDUTRV NVS @TRQV 4VPT V NVSSV NTPOWSU MUPMTOQWRQU VPW RVMVOF OWPUW RTR OTST LVP NWPV OUMKPVDDW WSST OM:UVPWIVRQT UQWSUWRT NU OURUOQPW 8OTRDT IW WRM:V LVP VSUIURWPV S=UROUNUTOW QVOQW NU LTRQV NU -TSIURTF3C/KF MUW M:V LTQVHW NUHVRQWPV KRW LVPUMTSTOW OLURW RVS EUWRMT NVSST OM:UVPWF IVRQT UQWSUWRT RVS IVNUT 8OTRDTC )TLT OWRJKURTOU MTIBWQQUIVRQU LVP WM>KUOUPV LTOUDUTRU EWHTPVHTSU LVP S=WQQWMMT WS @TRQV 4VPTG SV KRUQ UQWSUWRVG WSSW HUJUSUW NVSS=WDUTRVG WHVHWRT PWJJUKRQT SW OVJKVRQV NUOSTMWDUTRV" US 9TIWRNT NVU NKV JPKLLU WSLURU W )PVDVRMW US JPKLLT WSLURT ?&A VPW OM:UVPWQT NW !PWO U HP:F@TRQV POUMF @TRQV ;PWQWF>KTQW 7C<17 MTR U BWQQWJSUTRU ?5URVPTSTAG ?;WS 5VSSUMVAG ?;WS )TPWAG ?;WS 3KOWA V +W BWQQVPUW NW ITRQWJRW MTR U BWQQWJSUTRU ?;WS 9VRUF OM:UWA V ?8HPVWA NWS QPURMVPTRV NU >KTQW <C7 1 W 9UIW !PWO U HP: THV OU MTSSVJWHW MTR PVLWPQU NVSSW )UHUOUTRV OLVMUWSV BVPOWJSUVPUC 8S JPKLLT WSLURT ?2A VPW OM:UVPWQT OKS EPTRQV !TDSUW(F5SVMW MTR US BWQQWF JSUTRV ?# USSVOA OKS !TDSUW( PURETPDWQT NWSSW W BWQQVPUW NW ITRQWJRW US BWQQWJSUTRV ?8RQPWA WSSW OVSSVQQW NU 5SVMWG U BWQQWJSUTRU ?9UHUNWSVA V ?;WS 4WF QUOTRVA UR PUOVPHW RVU LPVOOU NU 5SVMW W NUOLTOUDUTRV NVS ,VRVPWSV )TRWQT #QRW RVU LPVOOU NU )PVDVRMW M=VPWRT NKV BWQQWJSUTRUG US ?;WS -TMVA V US ?;WS &WSQVWAC 8 BWQQWJSUTRU WSLURU LTQVHWRT MTRQWPV OKS MTRMTPOT NU EKTMT NVSSW <1W V <7W BWQQVPUW NW ITRQWJRW V NW KRW BWQQVPUW NU TBUMU LVOWRQU MWILWSUC "

9TILSVOOUHWIVRQV UR >KVS QPWQQT NU EPTRQV VPWRT OM:UVPWQU NTNUMU BWQQWF JSUTRU WSLURUG OVU BWQQVPUV NU WPQUJSUVF PUW NW ITRQWJRW LU KRW BWQQVPUW NU TBUMU LVOWRQU MWILWSUC 2SSW NVOQPW NVS JPKLLT WSLURU ?2AG OKSSW SURVW 5SVMWFWBUQWQT NU !PR '>KTQW .0+*F!TSTHPWQ VPW OM:UVPWQW S=.W )UHUOUTRV NU EWRQVPUWC 8R OURQVOUG US LUWRT NU TLVPWDUTRU NVS ,VRVPWSV #QRW LPVHVNVHW KR=WDUTF RV MTRJUKRQW OK NKV MTSTRRV NU WQF QWMMTG KRW NW RTPN MTR US BWQQWJSUTF RV ?3KOWA SKRJT SW MPVOQW PTMMUTOW NVS ;PWQWF>KTQW 7C<66F>KTQW 7C1 +F@TRQV 4VPT MTR KRW MTSTRF RW NUHVPJVRQV HVPOT ;PWQWF@TRQV 5TQTMVF;VSU(U /VIVD V S=WSQPW MTF STRRWG W OKN NVS @TRQV 4VPTG MTR US BWQQWJSUTRV ?# USSVOA SKRJT US PULUF NUOOUIT MTOQTRV NVS !TDSUW( NUPVQF QWIVRQV OK @TRQV 4VPTC /=WQQWMMTG NW VEEVQQKWPOU NU OTPLPVF OW V MTR US EWHTPV NVSSW RTQQVG EK EUOOWQT LVP SV LPUIV TPV NVS <$ JUKF JRTC /=WHWRDWQW EK VOVJKUQW MTR LUMMTSU RKMSVU NU WSLURUG M:V NTHVHWF RT IKTHVPV NU WLLUJSUT UR WLLUJSUTG RVS IWOOUIT OUSVRDUTC K LTPQWQW WS OVJKUQT SW IWRQVSSW W QPWMTSSWG S=WQF QPVDDT SVJJVPTG NKV JUTPRWQV NU HUF HVPU NU PUOVPHWG SW BTPPWMMUW LUVRW N=WM>KWG BTIBV W IWRT V MWPUMWF QTPU LVP US EKMUSV +<C 2U 9TIWRNWRQU NU BWQQWJSUTRV HVRF RV TPNURWQTG RTR WLLVRW MTR>KUF OQWQT US @TRQV 4VPTG NU ?>B?B@AC 8R LWPQUMTSWPV US 9TIWRNWRQV NVS BWQF QWJSUTRV ?3KOWA NUOLTOV M:V SW 6%W MTILWJRUW LPTMVNVOOV LVP MPVOQW '>KTQW 7C<6.G >KTQW 7C<66* HVPOT US @TRQV 4VPT SW 6$W MTILWJRUW NTF HVHW WMMTILWJRWPV MTR US EKTMT S=WDUTRV NVSSW 6%W MTILWJRUW URTSF QPVG OVILPV NWSSV LTOUDUTRU NVS ;PWF QW SW <17 W MTILWJRUW V SW .% W MTILWJRUW NTHVHWRTG MTR KR ITF HUIVRQT NUHVPJVRQVG TMMKLWPV US ;VSU(U /VIVDG LTOUDUTRV NTIURWRQV EPW SW ;WS /VLVR W V ;WS -TIURO(UC /W 60W MTILWJRUW NVS BWQQWJSUTRV MTOQUQKUHW PUOVPHWC 4VS OVQQTPV NVS @TRQV !TDSUW(G US 9TF IWRNWRQV NVS BWQQWJSUTRV ?# USSVOA WEEUN WSSW .0W MTILWJRUW US MTILUQT NU IKTHVPV NUPVQQWIVRQV HVPOT SW HVQQW NVS @TRQV 4VPT LVP SW PULUNW MPVOQW NVS !TDSUW(G IVRQPV SW 6< W MTILWJRUW LVP KR MWRWSTRV WRMTPW URRVHWQT NTHVHWG NWSSW SURVW NU LWPF QVRDWG LKRQWPV HVPOT SW MTSSVQQW NU >KTQW 7C1%7 'W OKN NU @TRQV 4VPT* LVP LPTQVJJVPV US EUWRMT NVOQPT NVSSW

.0W V WQQUPWPV HVPOT SW MTILWJRUW OQVOOW SW PVWDUTRV NVJSU WKOQPUWMUG EWMUSUF QWRNT MTO S=WHWRDWQW NVSSW .0W MTILWJRUWC /W 66W MTILWJRUW NTHVHW QVF RVPOU LPTRQW LVP OTOQUQKUPVG UR MWOT NU BUOTJRTG SV MTILWJRUV WHWRDWQVG IVRF QPV SW 67W MTILWJRUW MTR KRW OVDUTRV IUQPWJSUWQPUMU V SW W BWQQVPUW NW ITRF QWJRW WHVHWRT US MTILUQT NU WMMTILWJRWPV MTR US EKTMT S=WOOWSQT NVJSU WSLURU NVSSW .0W V 6<W MTILWJRUW NVS BWQQWJSUTRV ?# USSVOAC 8S BWQQWJSUTRV ?8RQPWA NTHVHW LPVOUNUWPV SW 9TSSVQQW NVS 5SVMWG IVRQPV U BWQF QWJSUTRU ?9UHUNWSVA V ?;WS 4WQUOTRVA VPWRT NU PUOVPHW WU ULUWRU NVS 5SVMWC /W HVQQW NVS @TRQV 4VPT VPW NUEVOW NW KRW MTILWJRUW NVS 8; BWQQWJSUTRV NVS 6 PVJJUIVRQT EWMVRQV LWPQV NVSSW 6W &PUJWQW NW ITRQWJRWC + 1*-+#.01*+

800 +& *8!1

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

<A:=A/C@?B 9B==A :A=5A 9B= ,@>>@>B?B?>B -=1B<>@ C;;@

MTRNWQW V UREURV MTR>KUOQWQW MTR KRW EKPUTOW STQQW MTPLT W MTPLT HVRF RVPT MWQQKPWQU <7 EEUMUWSU V 711 OTSF NWQUC ;VPOT SV TPV 0C61 NVS IWQQURT SW .%W MTILWJRUWG OVJKUQW NWSSW <17W MTILWJRUWG MTR>KUOQWHW SW >KTQW <C++$ V SW >KTQW <C+ $ 'KBUMWQV HVPF OT US 5WOOT 5TQTMV* EWMVRNT RKIVF PTOU LPUJUTRUVPU KRJ:VPVOUC )TLT SW LVPNUQW NVSS=UILTPQWRQV LTOUF DUTRVG KR BWQQWJSUTRV KRJ:VPVOVG WS MTIWRNT NVS -VRVRQV 9TSTRRVSST &WSTJ:G QVRQWHW NU PUOWSUPV HVPOT >KTQW 7C<6. LVP VEEVQQKWPV KR MTRF QPWOOWSQTG IW US 9WLUQWRT WBPVG PVF OLTROWBUSV NVSSV ETPDV M:V WHVHWRT MTR>KUOQWQT SV LTOUDUTRU NU >KTQW <C++$ WRQUOQWRQU WS @TRQV /VIVDG WLP US EKTMT MTR SV IUQPWJSUWQPUMU OKSSW MTSTRRW UR ITHUIVRQTG SW >KWSV RVS JUPT NU LTM:U IURKQU OU NUOLVPOV EPW JSU WREPWQQU NVS QVPPVRTC 8R >KVOQW WDUTRV EKPTRT MWQQKPWQU . EEUMUWSU EPW MKU US 9TIWRNWRQV V 6%1 OTSNWQUC /V LVPNUQV OKBUQV NWS BWQQWJSUTRV ?3KOWA UR >KVSS=WDUTRV WIITRQWPTRT W < WSLURU MWNKQU V +< EVPUQUC "

8S MTILUQT LU NUEEUMUSV VN VOQPVIWIVRQV UROUNUTOT EK WOOVJRWQT WS BWQQWF JSUTRV ?# USSVOA MTR SW .0W V 6<W MTILWJRUWC /W .0W MTILWJRUW SWOMU SW OKW BWOV NU LWPQVRDW WS !TDSUW( WSSV TPV 70C11 UR EUSW URNUWRWG <61 WSLURU OK QPV LSTQTRU WS MTIWRNT NVS HWSTPTOT 9WLUQWRT 2PBWPVSSTG SKRJT SW MPVF OQW PTMMUTOW M:V OWSV HVPOT US @TRQV 4VPTC 8S 3TQQTQVRVRQV 5UMMT MTR KRW LWQQKJSUW NU WSLURU VOLSTPWQTPU LPVMVNVHW SW MTILWJRUWC /W QPKLLW VPW OVRDW DWURTG TJRU WSLURT WHVHW WS OVJKUQT KR OWMMT NU QVSW KQW NW PUVILUF PV NU QVPPWG LVP EWPOU OMKNT >KWSTPW RTR ETOOV PUKOMUQW SW OTPLPVOWC 2SSW OQVOOW TPW SW 6<W MTILWJRUW WJSU TPNURU NVS 9WLUQWRT TOOT 'MTR QPV OKBWSQVPRU V <.1 WSLURU* IKTHVHW EWQUMTOWIVRQV NWSSV LVRNUMU VOQ NVS !TF DSUW(F>KTQW <C6 % UR NUPVDUTRV NVS LWOOT NU >KTQW 7C1%7 'LTOQT W RTPNFVOQ NVS @TRQV TOOT* V JUKRJVHW UR LPTOOUIUQ NVSSV QPURMVV RVIUM:V HVPOT SV TPV 16C<%C ;VPOT SV TPV 6C61G US 9WLUQWRT TOOTG HUOQT M:V SW .0 W MTILWJRUW VPW JUKRQW OTQQT WSSV LTOQWDUTRU WHHVPOWPUVG NUOLTOV JSU WSLURU LVP S=WOOWSQT MTRQVILTPWRVWIVRQV URUDU US EKTMT URMPTMUWQT NVSSV IUQPWJSUWQPUMU RVIUF M:V OUW NW >KTQW 7C1%7 OUW NWSSV LTOQWDUTRU NVS @TRQV 4VPT V NVS @TRQV TOOTC )VMWNKQW SW OTPLPVOWG SW LWQQKJSUW NVS 3TQQTQVRVRQV 5UMMTG OVJKUQW NWS LPUIT LSTQTRV MTR US 9WLUQWRT 2PBWPVSSTG OEUNWRNT US EKTMT PWHHUMURWQT NVU NUEVROTPUG OU SWRMU MTRQPT JSU WKOQPUWMU QPURMVPWQU W NUEVOW NVSSW HVQQW V NTF LT KRW EKPUBTRNW STQQW MTPLT MTRQPT MTPLTG W MTSLU NU BWUTRVQQW V BTIBV W IWRTG OQPWLL WS QVRWMV RVIUMT US ETPIUNWBUSV MWLTOWSNT NU @TRQV 4VF PTC 2SSV TPV 0C0% OKSSW HVQQW NVS @TRQV 4VPT OHVRQTSWHW US -PUMTSTPVC ;VRRVPT MWQQKPWQU ITSQU LPUJUTRUVPU V PUMKLVPWQV RKIVPTOV WPIU V IKRUDUTF RUC )KPWRQV S=WOOWSQT MWNNV VPTUMWIVRQV US 3TQQTQVRVRQV 2SBVPQT 5UMMTC VPUQT KRW LPUIW HTSQW HTSSV MTRQURKWPV RVSS=WDUTRV WSSW QVOQW NVU OKTU WSF LURU EURT W M:V EK MTSLUQT ITPQWSIVRQV WS HVRQPV" OLUP OKBUQT NTLT SW MTRF >KUOQW NVS @TRQV 4VPT QPW SV BPWMMUW NVS OKT 9TIWRNWRQV NU MTILWJRUW LPTETRNVRNT HVPOT JSU WSLURU SV KSQUIV LWPTSV ? C3A =!+>A=CA B A3A?>C ,A3@CA 27@C@ ;@?>B?>@ 9C A3B< :B<3C>@ 1B?B C= 5C@ AB:BAC 2S 3TQQTQVRVRQV 2SBVPQT 5UMMTG LVP S=VPTUMW UILPVOWG HVRRV MTRMVOOW NU ?5@>7 8<@8<C@A NWS V ;UQQTPUT #IWRKVSV 888G WSSW IVITPUWG SW @VNWJSUW N=2PJVRQT WS ;WSTP @USUQWPVC 5TM:U IURKQU NTLT M:V US LSTQTRV NU QVOQW NVSSW .0W MTILWJRUW VBBV IVOF OT LUVNV OKSSW HVQQWG NKV LSTQTRU NVSSW 6< W MTILWJRUW MTR US 9WLUQWRT TOOT PWJJUKROVPT SW HVQQW OQVOOW LVP MTROTSUNWPV S=UILTPQWRQV LTOUDUTRV V LVP VSUIURWPV SV KSQUIV PVOUOQVRDVC 8S RVIUMT LVPOV 77 KTIURU V KRW NVMURW NU LPUJUTRUVPUG US PVOQT NVSSW MTIF LWJRUW PUKOM W PUQUPWPOU UR NUOTPNURV OTQQT US EKTMT NVJSU WSLURU V U MTSLU NVSS=WPQUJSUVPUW NW ITRQWJRWC 2S QVPIURV NVSS=WQQWMMT JSU WSLURU VBBVPT SV OVJKVRQU LVPNUQV" SW .0W MTILWJRUW US 3TQQTQVRVRQV 2SBVPQT 5UMMT V NKV WSLURU NVMVNKQU LU KRNUMU EVPUQU SW 6<W MTILWJRUW VBBV QPV WSLURU ITPQU V >KWQQTPNUMU EVPUQUC 3KBUQT NTLT SW MTR>KUOQW NVS @TRQV 4VPTG US ,VRVPWSV #QRW NUVNV S=TPNURV NU MTROTSUNWPOU OKSSV LTOUDUTRU MTR>KUOQWQV V NU QVRVPSV W >KWSKR>KV MTF OQTC 5VP SW BPUSSWRQV WDUTRV MTRNTQQW NWU BWQQWJSUTRU ?3KOWA VN ?# USSVOAG WSSW BWRNUVPW NU JKVPPW NVS 6 PVJJUIVRQT WSLURU HVRRV MTRMVOOW SW @VNWJSUW N=2PJVRQT WS ;WSTP @USUQWPV MTR SW OVJKVRQV ITQUHWDUTRV" ?+ 1A>>A6=C@?C ,7:A! B # C==B:! ;@? 5C<A1C=B A<9C5B?>@4 ;@? A1?B6A/C@?B B >B?A;CA4 :7' 8B<A?9@ 9C..C;@=> <C>B?7>B C?:@<5@?>A1C=C4 9@8@ =@>>A A;;A?C>A B ;<7B?>A4 :=@66CA<@?@4 9C :@<8<B:A4 C= ?B5C;@ 9A= 2@?>B %B<@4 ; B A::C;7<A<@?@ A=' =B ?@:>A?>B4 8@:>@ A==!A3A?67A<9CA 9C 7? A>>A;;@ ;@?><@ .@<5C9A1C=B 8@:C/C@?B ?B5C;A4 67C9A3A =A :7A ;@58A6?CA ;@? B<@C;@ :=A?;C@4 B ;A97>C >7>>C 6=C ..C;CA=C4 8<B;B9B?9@ C= <B8A<>@4 8B?B><A3A ?BC :7;;B::C3C .@<>C B 1B? 9C.B:C ><C?;B<A5B?>C ?B5C;C4 9B>B<5C?A?9@ =A ;@?' 7C:>A 9B==A 8@:C/C@?B B .A;B?9@ ?75B<@:C 8<C6C@?CB<C B 6<@::@ 1@>>C?@ 9C 67B<<A$ *C 9C:>C?>@:C C? 8<B;B9B?>B A/C@?B 2@?>B %B<@4 0 5A66C@'0 6C76?@ 0"0&AC 3VILPV LVP S=WKNWMV UILPVOW HVRRVPT MTRMVOOV W 3TQQKEEUMUWSU V WSLURU "

MUR>KV @VNWJSUV N=2PJVRQT WS ;WF STP @USUQWPV WSSW IVITPUWC 8S @WJJUTPV ,UKOVLLV -PVBTSNUG US 9WLUQWRT ;URMVRDT 2PBWPVSST 'JU NVMTPWQT MTR NKV @VNWJSUV N=2PF JVRQT WS ;WSTP @USUQWPV* V US 9WLUQWF RT ,UTPJUT WBPV EKPTRT UROUJRUQU NVSS=TRTPUEUMVRDW NU 9WHWSUVPV NVSS= PNURV @USUQWPV NU 3WHTUWC 2SS=URNTIWRU NVSSW SVJJVRNWPUW UIF LPVOW NVS @TRQV 4VPT MTO MWRQWF HWRT JSU WSLURU"

!# ! !# # " "# " " "! " ! " " "! " " " # !# "! # !# " ! # " # # ! " ! ! "! "! " ! "!" ! ! ! "! " " ! " ! " " ! " ! ! "! " " ! " " " ! " " ! " !# ! " !# # !# "

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

! ! ! !

"! ! ! ! ! ! ! ! ! ! ! ! ! !

! ! ! !

! ! ! ! ! !

&)4 3*)13( ( !(!)4,( )4'4,*)(-( 4 ,"')(,4 (*'(

5432431 / -1,+*)(2('4 -1& '* %$*3)* #"')(!43 ( ( 4''* ( 4!* $# ,*3) -*3 4 0761/250537- 0761/352654

$ / * (4& * '4* 43 &4' !4))134 4'' (,+(*&)(!)(-* 4'4))31&(-* * *& * )* +31 4))(*,1 4 34*'( (*,1 !(!)4,( ( !(-"34 * ,"')(,4 (*'( $ 4 (& 3*!)3"))"34 )4-&1'1 (- 4 *'' * *& "*3 (*

(,+(*&)( 4'4))31&(-( ++'(-* (1&4 4'4))31&(- 4 & 13,*)(-* 4 & 3*!)3"))"34 ,+(*&)( 4'4))3(-( #*&")4& (1&4 1 ) *34

QETHSPOQG JTPR? HTKHQG ESNQLTO4 S KTHINORPSTO4C ,QPQ 8ISKOT RNLIPT JSDNT SNSHSPOT L@S LQPTIDRPQ RMOSG NSOOSMROIMR S ETORC 1QK</ JSN MSKOQ NR ETOR KS PQP NR BIKTQPS JT RMOSG NSO? OSMROIMR S ROOTETO4 L@S KT KIKKSDIQPQ IPR JQFQ N<RNOMRG RNN<TPKSDPR JT 8ISN =9D?BD AEF> =OIOOQ KLQMMS> JT SMRLNTOSR LQPLSATQPSG MRFSPJQ N<ROOSPATQPS S NS SPSMDTS JT L@T NS LQPLSFT? KLS S NS =FMQJILS> LQ? K" PSNNR ETOR RMOTKOTLR S LMSROTERG S TP BQPJQ RPL@S PSNNR ETOR HTNTORMSC 2 OSKOTHQPTRPAR JT 8IRPOQ RBBSMHROQG KINNR KLTR JSNNS LSNS;MRATQPT JSN LSPOSPRMTQ JSNNR 6MRPJS 6ISMMRG OMRO? OTRHQ 8IT IP THFQMORPOS SKFQPSPOS JSNN<RMOS JSN Q? ESLSPOQG PQPL@& IP FMQORDQPTKOR JSNNR LINOIMR S JSNNS ETLSPJS ;SNNTL@S JSN MT? HQ LQPBNTOOQ HQPJTRNSG L@S JSNNR KIR RMOSG S JSN KIQ TPOSMKSLRMKT LQP T BTNT JSNNR OMRHR HTNTORMSG PS / FMTPLTFRNS OSKOTHQPS. *H;SMOQ :QLLTQPT 9 #?959 C = ;BBC >F :;C8E5 B;BBC =CAAE5 B;BBC 8C@7E AD9F<C> KT NSDDSG R KIR BTMHRG KI =0R FTO? OIMR BIOIMTKOR. HRPTBSKOQ OSLPTLQ>C 1QK" PSNN<RMOSG LQK" PSNNR ETOR S CCC LQK" TP DISMMRC :QLLTQPT KT RMMIQNR PSN 959 JR EQNQPORMTQ S PSNNR KIR ETLSPJR ;SNNTLR KT NSDDS LQKORPOSHSPOS TN MRFFQMOQ OMR NR KIR LQPLSATQPS JSNNR ETOR S JSNN<RMOS BQM? OSHSPOS NSDROR R 8ISNNQ L@S FSM NIT /G S MRFFMSKSPOSM4G NR DISMMRC 6T4 JRN 959 G N<RMOTKOR RBBMQPOR IP FSMTQJQ JT FMQBQPJR LMTKTG JQEIOR RN KIQ LQTPEQNDTHSPOQ ROOT? EQ PSNNR ETOR FQNTOTLRC IRPJQ N<'ORNTR SPOMR TP DISMMRG :QLLTQPTG LQHS RNOMT BIOIMT? KOTG RBBRKLTPROQ JRDNT RKFSOOT SMQTLT JSNNR DISMMR S FQMOROQMS JT 8ISNN<TJSRNS JTPR? HTLQ JSN LQPBNTOOQG KT KL@TSMR R BREQMS JSNNR FRMOSLTFRATQPS TORNTRPRC =0R DISMMR LQHS KQNR TDTSPS JSN HQPJQ>G OSQMTR PQP SKSPOSG FSM T KIQT BRI? OQMTG JR MTKKS S LQPKSDISPOT RMMSKOT PSNNR 7TNRPQ JSN 959 G SMR TN =HQOOQ> JT -TNTFFQ QHHRKQ 7RMTPSOOTG @ED<EA JSN 7QETHSPOQ -IOIMTKOR S RPL@<SDNT RM? MIQNROQKT JIMRPOS NR 6MRPJS 6ISMMRC ,RM4 R LQHTPLTRMS JR 8ISKOQ LQPLSOOQ JSNNR DISMMRG TPTATRNHSPOS LQPJTETKQG L@S PSNNR KIR FRMOSLTFRATQPS =ROOTER>G *H;SMOQ :QLLTQPT FQMOSM4 T KSDPT PSNNR KIR ROOTETO4 LMSROTERC 1QK"G PSN KIQ FRKKRDDTQ JRT KRNQOOT HTNRPSKT RNNR OMTPLSRG KLMTESM4 JT IP =EACF>:C C>=;AC> RN BMQPOSG LQHFQKOQG KSLQPJQ NITG JR =F?>EBBF ?CFD> :QLLTQPTG KTP JRDNT RN? ;QMT JSN LQPBNTOOQG SPOMR TP DISMMR RMMIQNRPJQKT PSN =:ROORDNTQPS NQH;RMJQ QNQPORMT 1TLNTKOT SJ 2IOQHQ;TNTKOT>C )T L@S KT OMROOR -RLLTRHQ IP ;MSES KRN? OQ TPJTSOMQC 1T MRLLQPOR 7RKKTHTNTRPQ 6RNRKKQ TP IP TPOSMSKKRPOS RMOTLQNQ KIDNT RMOTKOT PSNNR 6MRPJS 6ISMMR G L@S =BAD F@ .!. E< F@ .!. 5 @/D:3FE?BE >C6 =FC69C@FBF=C E =;@B;AD@E FBD@FD?C # F? 4EA:E?BC5 @D &AD?<E &;EAAD # D@@E 9CABE

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

:3EABC *C==FC?F +DAF=D <F @D?=FEAF .!. C@C?BDAF +F=@F>BF %;BC:C3F@F>BF

D@=;?F <F @CAC 9D7DAC?C @D @CAC 4C7D <F DAA;C@DA>F =C? @D 8FBD 8FBBF:E <E@ 9DAD6 <F7:D =2E <D@@E BAF?=EE <E@ +DA>C ?C? >E ?E E>=E 8F8F000 5 D@BAF5 7AD8E6 :E?BE 4EAFBF C =C@9FBF <D E>D;AF:E?BF ?EA8C>F5 E33EAC D 9E?BFA>E?E D:DAD6 :E?BE <F D8EA 8C@;BC F@ =C?4@FBBC E< ;>=FAC?C <D@ :C8F:E?BC 4;B;AF>BD>C 7R OQMPTRHQ PSNNQ KFSLTBTLQ R :QLLTQPTC 0<RMOTKOR SPOM SPOIKTRKOTLRHSPOS PSN :ROORDNTQPS C1C2C BTP JRNN<TPTATQ JSNNR DISMMRC 1QPDSJROQ JQFQ NQ KLTQDNT? HSPOQ JSN MSFRMOQG S OSPIOQ TP ROOSKR JSNNR L@TRHROR RNNS RMHT JSNNR KIR LNRKKS S LROSDQMTRG ESPPS FQT RMMIQNR? OQ PSN #5 MSDDTHSPOQ RMOTDNTSMTR LRH? FRNS PSN NIDNTQ 959 C *P JQLIHSPOQ KOQMTLQ JT MTNTSEQ PSN MT? LQKOMITMS NR FSMKQPRNTO4 JT :QLLTQPT / KSPAR JI;;TQ LQKOTOITOQ JRT =)TRMT JT 6ISMMR>C ,T SETPLS TP SKKTG QNOMS RNNR LMQPRLR KFSKKQ RBBRPPRORG ESNQLSG FQLQ =QM? DRPTAAROR> R NTESNNQ KOTNTKOTLQ S BQMHR? NS SG JTMSHHQG OQORNHSPOS KFQPORPSR S JT DSOOQG JTRMTKOTLR S FSMKQPRNS RF? FIPOQG NR FMSKSPAR ORPDT;TNS JT ERMTS =RPRNQDTS> JT OTFQ BTNQKQBTLQC 2PLQM? L@& LQP N<TJSR JTPRHTLR JT (MRLNTOQ JSNN<SKTKOSPARG S JIP8IS JT IP<RML@/ L@S BQMKSG OIOORETRG RPL@S TP :QLLTQPT LQHS PSN FSPKROQMS DMSLQ MTKTSJS PSN BIQLQ BQMAR FMTHTDSPTR JR LIT OIOOQ FMQETSPS S R LIT OIOOQ OQMPSM4 PQP / JTBBTLTNS TPOMRESJSMS TP NIT TN BRKLTPQ SKSMLTOROQ JRNNS OSQMTS SEQNIATQPTKOTL@S JT SPMT :SMDKQPC 'P =2NOMT TPSJTOT S RFFRMROT LMTOTLT>G *H;SMOQ :QLLTQPT KLMTES. = 8F?=C =2E >FD D88E?;BC ;? :;6 BD:E?BC AD<F=D@E ?E@ ?C>BAC >9FAFBC0 /E9C=D F? =;F 8F8FD:C F?D;7;AD ;?D ?;C8D EAD5 =2E 4D <F ?CF F 9AF:FBF8F <F ;?D ?;C8D >E?>F3F@FB- =C:9@EBD:E?BE BAD>4CA:DBD0 000 E?BC D<E>>C F@ 9AC4;:C <F ;?D 4CA1D 9>F=2F=D <F8F?DBAF=E =2E <- DF >E?>F @D 9CBE?1D <F 9EA=E9FAE );E@ =2E ?C? 4; :DF >F?CAD 9EA=E9FBC>C :QLLTQPT / 8IT HQNOQ ETLTPQ RN LQPLSOOQ JSN OSHFQ JT :SMDKQPG TN 8IRNS TPOSPJSER TN = A(?C>> PQP LQHS KQHHR JT TKORPOT LQPLSOOQ FT HROS? HROTLQ L@S KFTMTOIRNS HR LQHS FRMOS JSNN<SKKSPAR JSNNR ETOR S L@S SDNT L@TR? HR =JIMROR>G TPKTSHS JT TKORPOT JSNNR LQKLTSPAR L@S N<'Q BR ETESMS KTHINORPSR? HSPOS TP IP BNIKKQ LQPOTPIQ L@S HIOR SOSMPRHSPOSC -QMHS HQ;TNTG JIOOTNTG 8ISNNS TPOSKS JR :SMDKQP PSNNR KIR BTNQKQBTR =JSNN<TPOITATQ? PS>G LQK" LQHS KQPQ JIOOTNT S TP HQETHSPOQ NS BTDIMS JT :QLLTQPT S NR MSRNO4 JR NIT MRFFMSKSPORORC 2OOTHTG HQHSPOTG L@S FRKKRPJQ JR IP TPTATRNS QDDSOOTETKHQ RKKQNIOQG OTFTLQ JSN JTETKTQPTKHQ FMTHR S JSN BIOIMTKHQ JQFQG JTESPOR QDDSOOTET? KHQ HQHSPORPSQG FSM FQT =MTJTESPTMS>G S 8IT / FMQFMTQ TN LRKQ JT JTMNQG IPTESMKR? NS FMQFMTQ ROOMRESMKQ TN HQHSPOQC :QLLTQPT ROOIRG TP FTSPQG PSNNR KIR RMOS TN LQPLSOOQ JT =OMRKLSPJSPORNTKHQ BTKTLQ> ;SMDKQPTRPQ JS =0<SEQNIATQPS LMSROMTLS>. ETETBTLR NR HROSMTR LQP N<ROOQ LMSROTEQ S NR OMRKBSMTKLS PSNNR KBSMR JSNNR JIMROR SHQATQPRNSC (HQATQPS S THFINKQ L@S @RPPQ DMRPJS =MSKFQPKR;TNTO4> PSN :QLLTQPT RN BMQPOS S 8ITPJT TP 8ISNNR KIR BRKS RMOTKOTLR L@S FRKKR JRNNR MTHR DISMMR HQPJTRNSC 1MSJQG TP ORN KSPKQG JT RESM KSHHRT RDDTIPOQG LQP IHTNO4G 8IRNL@S FRMRNNSNTKHQ TP FT TP HSMTOQG OIOORETR NR OSHROTLR PQP / PIQER RDNT KOIJTQKTC 0Q KOSKKQ DTQMPRNTKOR S KRDDTKOR 7RMLSNNQ SPSATRPTG TP IP KIQ MSLSPOS RMOTLQNQ JRN OTOQNQ F@C>C4F ?E@@D &AD?<E &;EAAD D7@F CA<F?F <F *EA7>C?G FI;;NTLROQ KIN 8IQOTJTRPQ ='N 6TQMPRNS>G PQORER. =*EA7>C? >9FE7( F@ =C?4@FBBC D@@D @;=E <E@@D >;D 4F@C>C4FD E 8F<E C99CA>F F? DA:F @D 4@;F<D 8F6 BD@FB- <E@@C >9FAFBC D@@D AF7F<D :E==D?F=FB- <E@@D :DBEAFD5 @D =AEDBF8FB- <E@@/E8C@;6 1FC?E D@@/D;BC:DBF>:C AF9EBFBF8C <EF 9AC=E>>F5 @/F?B;F1FC?E D@@D :D==2F?D>C 1QHFSPSOMRATQPS LQKORPOS OMR TPOSMPQ SJ SKOSMPQG OMR TPOSMESPOTKHQ S RMOSG OMR DISMMR S QFSMSG KQPQ KSHFMS SETJSPOT KTR PST =)TRMT JT 6ISMMR> KTR PST KIQT = RLLITPT BIOIMTKOT> L@S JT FQLQ FMSLSJQPQ DNT RPPT JSN MTHQ LQPBNTOOQ HQPJTRNSC

FBADBBC <E@ DE>BAC EAA;==FC *;6 >C?F5 C@FC >; BE@D5 .!.

FBADBBC <F :3EABC *C==FC?F

)TPRHTLR TPOMTPKSLR S TMMRJTRATQPS JSNNS BQMAS L@S TPKTSHS TPOSMRDTKLQPQ LQP N<RH;TSPOS S LQP NS FMQFMTS SHQ? ATQPTC ISNN<SHQATQPS L@S KT OMRKHSO? OS FQT PSN KIQ TPOSPJSMS TN 8IRJMQ LQ? HS =NR KTPOSKT JT 8ISNNQ L@S KT MTLQMJR S JT 8ISNNQ L@S KT ESJS>C ,SPKRATQPS L@S KQFMROOIOOQ KT MTKFSLL@TR PSN KIQ KBQDQ JRN BMQPOSG L@SG TP IP MRFFQMOQG JTMSTG JT JSJTATQPS SPOIKTRKOTLR S QJTQ RNNQ KOSKKQ OSHFQ FSM NR DISMMRG TN 9 QOOQ;MS 959 NQ FQMOR R KLMTESMS KIN KIQ JTRMTQ. = A<F?E <F 9DABE?1D5 4E@F=F6 B-5 >C?C :D@DBC :D 9DABC ;7;D@:E?6 BE >C *P :QLLTQPT RHHRNROQ HR L@S PQP EIQNS KQOOMRMKT RNN<SKKSMS TP FMTHR NTPSRC 'N # QOOQ;MS KLMTES. = C>>FA( =C? @D BE>BD F? =C9EABD :D 8C7@FC E>6 >EAE F? 9AF:D @F?ED>G S LQPOSHFQMR? PSRHSPOS FSM =?C? =/# >BDBC 9EAFC6 <C <F :D77FCAE ?CFD E ?C? DBBF8FB- 9EA :E> SJ RPL@S =<D );E>BD E>9EAFE?1D5 FC ;>=FA( =C? ;? <F>9AE11C 9EA B;BBC =F(G=2EG?C?G#GDABE000>C SMLSATQPS JSN LQMFQ S JSNNQ KFRATQ LTMLQKORPOS KQPQ RN LSPOMQ JSNNR KIR RMOS S JSNNR KTPOSKT JTPRHTLR L@S TN

:QLLTQPT JSNN<INOTHR BRKS ROOIRNTAAR PSNN<QFSMR IPR BRKS 8ISKOR LQTPLTJSP? OS FMQFMTQ LQP NR 6MRPJS 6ISMMRC )SN MSKOQG TP QDPT SFQLRG HR TP FRMOTLQ? NRMS JRN KSLQNQ TP FQTG N<QFSMR =PIQER> KT MSRNTAAR LQHS HSORHQMBQKT JSN FMQFMTQ FROMTHQPTQ HPSHQPTLQC ( FSM RBBSMHRMS 8ISKOQ PQP L</ JT LSMOQ ;TKQDPQ JT FRKKRMS JRN 9DB2C> MTHQKKQ HR TMMTKQNOQ JT 7IPL@ Q JRNNR KQBBSMSPAR LQMRNS JT 6RSORPQ MSETROTC JSN 959 IPR JSNNS QFSMS FT PQOSG MSKORPJQ TP RH;TOQ ;SNNTLQG JT *H? ;SMOQ :QLLTQPT. =1RMTLR JT NRPLTSMT>G JTFTPOQ JT FTLLQNS JTHSPKTQPTG IPQ JS? DNT INOTHT MSRNTAAROT JRNN<RMOTKORG IPR L@TRMR SKRNORATQPS JSNNR DISMMRG ETKTQPS SMQTLR SJ SKRNORPOS JSN LQPBNTOOQG JQES R FMSERNSMS KQPQ T ERNQMT JSN LQMRD? DTQ S JSNNR BQMARC ' NRPLTSMT TP LRMTLRG MRBBTDIMROT LQHS IPR KS8ISPAR L@S KSH;MR 8IRKT BTNHROR QFSMR R OSHFSMR HQJSMPTKKTHR JIP8IS RPL@S PSN? NR OSLPTLR G QLLIFRPQ TN LSPOMQ JSNNR KLSPRG OMRKHSOOSPJQ NR KSPKRATQPS JT IPR BQMAR TPRMMSKOR;TNS L@S OMREQNDS TN PSHTLQC 0S NRPLS KQPQ JSNNS ESMS S FMQFMTS =NTPSS?BQMAR>G =TJSPOTORMTS> SJ TJSPOTBTLROTES JSNN<RMOS JT :QLLTQPTG L@S DITJRPQ N<QLL@TQ JSNN<QKKSMEROQMS TP IPR JTMSATQPS JT NSOOIMR TPKQNTOR. RPATL@& JR KTPTKOMR ESMKQ JSKOMRG TP 8ISKOQ LRKQ RLLRJS TN LQPOMRMTQ S 8ISKOQ OMRKHSOOS NR KSPKRATQPS JT IPR BQMAR JTMQHFSPOS SJ TPRMMSKOR;TNS L@S MQHFS DNT KL@SHT LQPKISOTG LQHS JSN MSKOQ FI RFFRMTMS TPLQPKISOQ L@S NR LRERNNSMTR FMSERNDR LQPOMQ IP PSHTLQ LQP RMHT JR BIQLQ

,INNQ KBQPJQG N<RMOTKORG LQHS TP IP =C@@D7EG TPKSMTKLS TPQNOMS FRDTPS OMROOS JRT DTQMPRNT LQP LMQPRL@S JRN BMQPOSG FSM KQOOQNTPSRMS LQP INOSMTQMS ESS? HSPAR NS DSKOR SMQTL@S JST NRPLTSMT S TN LNTHR DSPSMRNS TP LIT / RH;TSPOROQ TN JT? FTPOQC 6TINTQ 1RMNQ 2MDRPG PQOQ LMTOTLQ S KOIJTQKQ JSNN<RMOSG KLMTES R FMQFQKTOQ JT 8ISKO<QFSMR. =@/DB:C>4EAD # :E>>D F? :C8F:E?BC <D@ =CA9C =2E @D 4E?<E E< E>EA=FBD >; <F E>>C 8E@C=FB->C 1QP NR MTHR DISMMR HQPJTRNSG TPTATR TPBROOT IPR PIQER BRKS RMOTKOTLR FSM :QL? LTQPTC 'N LMTOTLQ 7RPISNR 2PPT;RNT NQ LQPBSMHR KLMTESPJQ TP FMQFQKTOQ. =@/DABF>BD BCA?D D AD99AE>E?BDAE 4F7;AE 9FE?E5 :C<E@@DBE >E=C?<C ;? BAD<F1FC?D@E >BF@E =C?BF?;C0 F );E>BC 9EAFC<C # F@ FBADBBC <E@ :DE>BAC EAA;==FC *;>C?F ;? =E@E6 3AE :;>F=F>BD <E@@/E9C=D5 BECAF11DBCAE <F ?;C8E 4AC?BFEAE :;>F=D@F5 9AE=;A>CAE 9EA =EABF D>9EBBF D?=2E <E@@D :;>F=D E@EBBAC?F=D>C 0R BRKS REM4 =;MSES JIMROR> FSML@&G TN 9 RDQKOQ 959 G LRJJS MQETPQKRHSPOS JR IPR LRERNNR JSNNR ;ROOSMTR LQP LIT KT KORER MSLRPJQ R SMQPRC 0<RPTHRNS K<TH;TAARM" RN FRKKRDDTQ JT IP RIOQLRMMQ S :QLLTQPT KT BSM" DMRESHSPOS RN LRFQC SPPS KQLLQMKQ JR RNLIPT LQPORJTPT S FQMOROQ RNN< KFSJRNS 7TNTORMS JT SMQPRG JQES T HSJTLT NQ QFSMRMQPQ THHSJTRORHSPOSG HR OIOOQ BI ERPQG HQM" TPBROOT JQFQ FQL@S QMSC SJTRHQG REETRPJQLT RNNR LQPLNIKTQPSG IP INOTHQ RKFSOOQ JT :QLLTQPT NSDROQ RNNR 6MRPJS 6ISMMR. NR KLINOIMRC 6T4 N<RPPQ FMTHR JSNN<SPOMROR TP DISMMRG NR KIR LQP? LSATQPS JSNN<RMOS KLINOQMTR / 8IRKT FMSHQPTOMTLS S RPOTLTFROMTLS JSNNR KIR ETKTQPS JSNNR ETOR ROOMRESMKQ DNT QLL@T JSNNR DISMMRC QP TDPQMRPJQ N<SFQLR FMSTKOQMTLR P& 8ISNNR JSNNR 6MSLTR RPOTLRG :QLLTQPT EIQNS MRFFMSKSPORMS FIMS TP KLINOIMR IPR =LQPOTPITO4 HIOSEQNS>C (DNT KOSKKQ PSN KIQ = TOOIMR S KLINOIMR BIOIMTKOR> JSN 959 KLMTES. =B;BBC =D:3FD E 9EA:D?E ?E@@C >BE>>C BE:9C5 =C> 9EA:D?E?1D E =D:3FD:E?BC AD99AE>E?BD?C @D AED@B- =2E # 9EA:D?E?1D DBBAD8EA>C F =CA9F5 F );D@F =C@7C?C F <DBF F::E<FDBF <D@@D =C>=FE?1D5 F? 8FAB <F ;?/D1FC?E AE=F9AC=D <F B;BBE @E 9DABF <E@@D :DBEAFD>C 'N 8IRJMQ RFFRMS 8IT L@TRMQ. TN HQOQ JSNNR BQMHR L@S / HQOQ JSNNR KOQMTRG S TN HQOQ JSNNR KOQMTR L@S / R KIR EQNOR TN HQOQ JSNN<RPTHR S JSNN<SKTKOSPAR JT QDPT KTPDQNQ TPJTETJIQC 0<THFSOQ S NR KLQKKR L@S IP LQPBNTOOQ LQHS 8ISNNQ ;SNNTLQ FI FMQJIMMS PQP / FQT RNOMQ L@S 8ISNNR =JIMROR L@S KT JTBBSMSPATR JR K& S L@S JTBBSMSPATR TN K& PSN? NR KOQMTR PROIMRNS>G QEESMQ RPLQMR IPR EQNOR LQHS PSNNR KLINOIMR ;MQPASR JT :QLLTQPT =-QMHS IPTL@S JSNNR LQPOTPITO4 PSNNQ KFRATQ> JSN 959 =0<SEQNIATQPS LMSROMTLS> JSNNR KOQMTR PROIMRNS JT ;SMDKQPTRPR THFMQPOR S TPLTKTER =THFMSKKTQ? PS>G LSMORHSPOS OIOO<RNOMQ L@S JTETKTQPTKORG JT IPR KOQMTR L@S KSDPR N<IQHQ S N<RMOTKOR S L@S R KIR EQNOR HRPOTSPS TP K& HSHQMTR JSDNT IQHTPT L@S ESJS KIQT FMQORDQPTKOTC 2KOMRATQPS FNRKOTLR JIP8ISG IPTLRG TPOSDMRNS S JTPRHTLRG OSKR RNNR ET;MRATQPS THFMSKKTQPTKOR S =KIHHR> JT EQNIHS S KOROTLTO4 LI;TKORC 2KOMRATQPS 8ITPJT QNOMS N<THFMSKKTQPTKHQG QNOMS TN FQKO?THFMSKKTQPTKHQG QNOMS TN LI;TKHQC 2KOMRATQPS DMS? LRG LMTKOTRPR S PROIMRNTKORG L@S FRMOS JRNNR DISMMR S RMMTER RNN<RMOSG FSM RPJRMS QNOMS NR DISMMRC &FCA?D@F>BD

2DPSKS 6CG = TOR JT :QLLTQPT>G 1RHIPTRG -TMSPASG 955 C 2MDRP 6C 1CG =,OQMTR JSNN<RMOS TORNTRPR>G EQNC G ,RPKQPTG -TMSPASG 95 +C :SMDKQP SPM G =0<SEQNIATQPS LMSROMTLS>G (JTOMTLS 0R ,LIQNRG :MSKLTRG 95 C :SMDKQP SPM G =7ROSMTR S HSHQMTR>G 0ROSMARG :RMT? QHRG #++5C :SMDKQP SPM G ='POMQJIATQPS RNNR HSOR? BTKTLR>G (JC RPTL@SNNTG :QNQDPRG95 +C :TMQNNT CG =6NT KLMTOOT SJTOT S TPSJTOT>G -SNOMT? PSNNTG 7TNRPQG 95 9C :QLLTQPT *H;SMOQG =2NOMT TPSJTOT S RFFR? MROT LMTOTLT>G -SNOMTPSNNTG 7TNRPQG 95 9C :QLLTQPT *H;SMOQG =)TRMT>G (JC 2;KLQP? JTORG 7TNRPQG #++ C :QLLTQPT *H;SMOQG = TOOIMR S ,LINOIMR BIOIMTKOR>G (JC 2;KLQPJTORG 7TNRPQG #++ C :QLLTQPT *H;SMOQG =,LMTOOT KINN<RMOS>G 7T? HSKTK SJTATQPTG 7TNRPQG #+99C :QLLTQPT *H;SMOQG = RLLITPT -IOIMTKOT>G 7RPLQKI (JTOQMSG QHRG #++ C 7RMTPSOOT -TNTFFQG C?<D1FC?E E D?F4E6 >BC <E@ ;B;AF>:CG TP =7RMTPSOOT S TN -IOI? MTKHQ>G R LIMR JT 0C )S 7RMTRG 7QPJRJQ? MTG 7TNRPQG 95 C 7SQ )RPT@G =)SNNR HSHQMTR JT *H;SMOQ :QLLTQPT>G 7THSKTK SJTATQPTG 7TNRPQG #+99C

2PPT;RNT 7RPISNRG =)TFTPDSMS TN HQET? HSPOQ S KLQNFTMS NQ KFRATQ>G JR COMSLLRPTCTOC 6RNRKKQ 7RKKTHTNTRPQG =0R KQNR TDTSPS JSN HQPJQ>G JR CLTHSSOMTPLSSCTOC

$0 & $% * ##%

78 23;51;6;7398 7:55; '9,06; 97 +;228 5: 297,85: /;649

Q L9RHQCFRGQONP ;FRLSNRNSAP Q ;FRONSNRNSAP HQLL9RMGRGQONP HS FO "IQMJSNPB RIJQIP SO =MQ> ASIISGP NQGEP R PLNMQ FO GSLSPOQ HS JPIJMSNNSB SGEPIQ RLL91NRLSRB R@SPOQ MQJQONQ Q IJRMIRGQONQ SOHFINMSRLS@> @RNRB IRJMS?SJS SGGQOIS Q SOHQMPCR> =SLSB SL AQNNPARCLSRMLP IS JPO?QMGEQMISOP ES* SGEMP=P Q INMSOCQONQK +JJPMMQARB EQM CSFONRB IPINQOQMQ ROJ:Q L9RLSGQONR@SPOQ HQLLR EPEPLR> @SPOQ JSASLQ J:Q SL MSJ:SRGP HQCLS FPGSOS ARLSHSB EQM LP ES* JPONRHSOSB Q LQ MQ;FSIS@SPOS =QLLSJ:Q RAQAROP JPOHPNNP RLL9SOHSCQO@RK 0R ISNFR@SP> OQB IQO@R HF==SP CMRAQ IPEMRNNFNNP R #FHB ?F EQM- R??MPONRNR HPEP FO9SOS@SRLQ SOJQMNQ@@RB JPO SOHSIJF> NS=SLQ IRCRJSRB NRON9 J:Q ISR EFM SO FO JPONQINP HS QOHQGSJR JRMQO@R HS HQMMRNQB GSLSNRMS Q JSASLS CPHQNNQMP SO HQ?SOSNSAR HS FO REEPMNP OFNMSNSAPB RLGQ> OP OQCLS FLNSGS ROOS HQL JPO?LSNNPB ISJFMRGQONQ IFEQMSPMQ R ;FQLLP HQS LPMP HSMQNNS RONRCPOSINSK 3MR S MSGQHS RHPNNRNS EQM IPHHSI?RMQ S JPOIFGS AS ?F SL GRIISJJSP MSJPMIP RLL9SGEPMNR@SPOQ HS ASAQMS HRCLS #NRNS OSNSB RL EFONP J:Q CLS RJ;FSINS ;FRIS IS HQJFELSJRMPOP NMR SL 8.8/ Q SL 8.8 B SO ERMNSJPLRMQ HS JQMQRLS Q JRMOQ JPOCQLRNRK FQIN9FLNSGRB RJJPLNR OQS EMSGS ROOS HQL .<< JPO CMROHQ HS??SHQO@RB EMPEMSP JPO LQ ?PMOSNFMQ GSLSNRMS HQLLR (MROHQ (FQM> MR IS R??QMG- OQS JPOIFGSB NRON9 J:Q L9SGEPMNR@SPOQ IFEQM- OQL 8.8 SL GS> LSPOQ Q GQ@@P HS ;FSONRLSK FQINR =RISLRMQ EMQGQIIR IQG=MR IQ OPO IGQONSMQB RLGQOP JPONMRINRMQ JPO LQ NQMMS=SLS HQIJMS@SPOS ?RNNQ HRLLR EF==LS> JSINSJR JPQARB MS=RHSNR HR OFGQMPIQ EQLLSJPLQ JSOQGRNPCMR?SJ:QB IFLLQ HQ> EMQJR=SLS ;FRLSN5 Q ;FRONSN5 HQL MROJSPB SO ERMNSJPLRMQ HS ;FQLLP HQINSORNP RS IPLHRNS SO EMSGR LSOQRB IQEPLNS OQL ?ROCP HQLLQ NMSOJQQ P RAASOC:SRNS RLLQ SG> EQMASQ MPJJQ RLESOQB IQAS@SRNS HRL CQLP P RMMPINSNS HRL IPLQK FQINR RH QIQGESP FOR HQLLQ NRONQ HQIJMS@SPOS 5 .9448 ;669.;.; 40449 9 ,98679% 1;55: 86: ;55: ( :9 ,98679 3*: 787 /:6.:79.;% .85:.; 196: 3*: 5; 385877;

/864; .9.:69 :6; 24;4; 385/94; 7:5 46;4) 48 6:468.9; /69-; 597:;( 5 6;7398 387) 2924:.; 97 07; 6;&987: 19 /;24; 97 +6818 3844; .:628 5: % -; 3*: ;669) .;.; 3;51; 97 -;6-944: :6-:493;) -:74: 3*902:# 07 /:&&8 19 3;67: 5:22; 3*: ;669.;.; 97 2;33*9# 07; /;,7844; 19 /;7:# 07; 4;&&; 19 3;'' ;73*: 3;518% 3:64: .854: $0;53*: /:&&8 19 '86-;,,98 :1 07 /838 19 .9) 78# 95 40448 07; 285; .854; ;5 ,98678( 9 4;748 97 4;748 192469+09.;78 $0;5) 3*: 29,;68 : /83*: 29,;6:44:((( K RL HSRMSP HQL #QMCQONQ 'OOS=RLQ &RLHQMRLQ > 0K R=SB (QONQ HS NMSO> JQR B FMISR 8../B EK 6/< K #SCOS?SJRNSARGQONQB EQM-B EMPEMSP SO NRLS NQINSGPOSRO@QB SO IPINRO@R RN> NQOHS=SLSB IS JPCLSQ FOR IPMNR HS HF> ELSJSN5 HS CSFHS@SP IFL MROJSPB =QO QG=LQGRNS@@RNP HRL JQLQ=MQ 8449-8 : ;++871;74: B J:Q NQOHQ R HSINSO> CFQMQ LR ;FRLSN5 HQL JS=P HRLLR ;FRONSN5K #Q SO GQMSNP RLLR EMSGRB HMRGGR RL ;FRLQ ?R HR EMPLPCP LR EMQERMR@SPOQ HQS ERINS Q HR QESLP> CP LQ JPOHS@SPOS HS RMMSAP RLLQ CRAQN> NQB NFNNQ LQ ?PONS JPOJPMHROP OQL HQ> ?SOSMLR INPGRJ:QAPLQB IFLLR IQJPO> HRB SOAQJQB LQ GQHQISGQ ?PONS OQ MS> JPMHROP LR HSIJMQNR R==POHRO@RB RL EFONP HR MQEFNRMLR HQJSIRGQONQ RHQCFRNR Q IEQIIP IFEQMSPMQ R ;FQLLR HQL OQGSJPB RLGQOP EQM SL OFGQMP HS JRLPMSQ CRMRONSNQ ;FPNS> HSRORGQONQK (SFHS@S IPLP REERMQO> NQGQONQ RONSNQNSJS J:QB NFNNRASRB MS> J:SQHPOP EQM QIIQMQ ARLFNRNS OQLLR LPMP JPOJMQNR MQRLN5 FO MR??MPONP JPO S JPQAS ERINS Q JPO LQ MR@SPOS RLSGQONRMS NMRGROHRNQJS HRLLQ ?PONS INPMSJ:QK

. #$ $# & 92469+0&987: 1:5 6;7398 ; ;74; ;69; 5; 87,; '% % 8720-8 1:5 6;7398 97 /69-; 597:;

+ .'"-)), .+/).)/ , 1 CSFHS@S IFL CFINP HS FO ERINP NSEPB EQM S ;FRLS IS EF- Q??SJRJQGQONQ RHPNNRMQ SL JMSNQMSP HQLLR MQLRNSASN5B HQMSAROP HRL MREEPMNP J:Q PINQONR MSIEQNNP RLLQ ESQ> NRO@Q R=SNFRLS Q NMRHS@SPORLSB LQ ;FRLSB EMPEMSP EQMJ: NRLSB OPO EPIIPOP JPOIS> HQMRMIS QISNP HS CMRHSGQONP PCCQNNSAP Q RIIPLFNPB GR EMQJSEFPB SO PCOS IJPM> JSP INPMSJPB HS FOR REERMNQOQO@R IPJSP>MQLSCSPIRK 1L EMRO@P J:Q EF- IQG=MRMQ HSICFINPIP Q MSEFCORONQ EQM FO RG=SNP IPJSRLQB OPO LP R??RNNP EQM FO RLNMP QJPOPGSJRGQONQ GQOP R==SQONQB J:Q SO?RNNS LP EQMJQESIJQ JPGQ REERCRONQB IPEMRNNFNNP ;FROHP JRERJQ HS ELRJRMQ S GPMIS HQLLR ?RGQK 'IIPHRNP J:Q SL MROJSP LR JFS HQMSAR@SPOQ QNSGPLPCSJR HR MROJSHP CS5 OQ NMRHSIJQ LR IJR> HQONQ ;FRLSN5 B HFMRONQ S JPG=RNNSGQONSB EQM GPLNQELSJS JPOJRFIQ NMR JFS OPO FLNSGQ ;FQLLQ ?SISPLPCSJ:QB GRS RIIFMIQ R EMRO@P EMPEMSRGQONQ HQNNPB MSJ:SQ> HQB JPGQ RJJQOORNPB EQM FOR ARLFNR@SPOQ ;FRLSNRNSAR JPMMQNNRB SL JPO?MPONP JPL ERINP ;FPNSHSROP JPOIFGRNP HRLLR GRCCSPMRO@R HQS IPLHRNS OQLLR EMQJQ> HQONQ ASNR HPGQINSJRK 09SOHRCSOQ IS IEPINR EQMJS- IFLL9RLSGQONR@SPOQ J:Q OQLL91NRLSR HQS EMSGS HQL .<< I?RGRAR S IFPS R=SNRONS ES* EPAQMSB PAAQMP S EPJ:S PEQMRS Q S NRONSIISGS JPONRHSOSK FRONPB JPIR Q JPGQ GROCSRAR ;FQLLR OFGQ> MPIR JPGERCSOQ IPJSRLQ HRLLR ;FRLQ EMPAQOSAR LR INMRCMROHQ GRCCSPMRO@R HQS IPLHRNS FRL QMR EQM JPONMP SO ;FQCLS INQIIS ROOS L9RLSGQONR@SPOQ HQLLR GQHSR Q ESJJPLR =PMC:QISR 3QOQOHP EPS JPONP HQLLR GSOPMQ NRCLSR FGRORB SL MROJSP NSEP CRMRONSAR FO REEPMNP JRLPMSJP IF??SJSQONQ Q OPO LPONROP HR ;FQLLP

J:Q LQ RNNFRLS NR=QLLQ RLSGQONRMS RNNQ> INROP RNNPMOP RLLQ 2>/K<<< JRLPMSQ EQM S LRAPMS ES* ?RNSJPIS $RMNQOHP HRLLR HSQNR HQLLR =PMC:QISR RCSRNR IS MSIJPONMR RCQAPLGQONQ J:Q SL ERINP ;FPNSHSROP HS NRLS ?RGSCLSQ SOS> @SRAR JPO FOR EMSGR JPLR@SPOQ GRN> NFNSORB EQM LP ES* JPO EROQ =SROJPB =FMMPB LRNNQ Q JR?? SO ARMSQ HPISK #Q> CFSARB SONPMOP RLLQ 82>8/B SL EMRO@PB J:Q EMQAQHQAR FOR GSOQINMR SO =MP> HP Q FOR EPMNRNR HS JRMOQ ?PMIQ LR INQIIR HRLLR ;FRLQ IS QMR MSJRARNP SL =MPHP HSINMS=FSNR SO EPM@SPOS GQHSQ HS 6<<>62< CMRGGS R EQMIPORK PO GROJRAROP FO JPONPMOP HS ERNRNQ P HS AQMHFMQ Q EPS ROJ:Q LR ?MFNNRB R IQJPOHR HQLLQ INRCSPOSK 0R JQORB SO> ?SOQB EMQAQHQARB PLNMQ RL EROQ =SRO> JPB FO EP9 HS JRMOQB JPO FOR RLNQMOR> NSAR HS ?PMGRCCS Q AQMHFMQK QLLQ ?R> GSCLSQ ES* MSJJ:Q OPO HS?QNNRAROPB JPO HSIJMQNR ?MQ;FQO@RB S HPLJSK 'OJ:Q OQLLR ESJJPLR =PMC:QISR SL ESRNNP ?POHRGQONRLQB GROJROHP IEQIIP HQL NFNNP LR EMSGR JPLR@SPOQB QMR FOR GSOQINMR PB RL IFP EPINPB HQS GRJJ:QMPOS JPOHSNS JPO JRJSP Q EQEQB P RLNMQ ESQNRO@Q HS ERMS MSLQ> ARO@R GR ES* RHQMQONS RLLQ NMRHS@SPOS LPJRLSK $QM IQJPOHP IS IQMASAR LR JRM> OQB GR OPO ;FPNSHSRORGQONQ PB OQL> LQ IPLQ LPJRLSN5 MSASQMRIJ:QB HQL EQ> IJQB SO ERMNSJPLRMQ SL AQOQMH K 0R JQ> ORB SO CQOQMQB OPO ROHRAR PLNMQ FO EP9 HS EROQ JPO HQL ?PMGRCCSP PB GQOP ?MQ;FQONQGQONQB HQL IRLRGQB JPGQ EFMQ HS NRONP SO NRONP ?MSNNRNQ Q SOIRLRNRK PO HS MRHPB EPSB IS JPOIF> GRAROP CLS RARO@S HQL GQ@@PCSPMOPK #JRMIR LR ?MFNNR Q JPGELQNRGQONQ RIIQONS S HPLJSK FRONP RLLR HSQNR NSEP HQS JPONRHSOS Q HQCLS PEQMRSB IS SOS@SRAR JPO FO IFMMPCRNP HQL JR?? B FO SONMFCLSP HS JQJS Q PM@P =MFJSRNSB OPNP JPGQ JSJP> MSRB P RAQOHPOQ LR EPIIS=SLSN5 JPO ?PMGRCCSP Q EROQB PAASRGQONQ OQMPB JPGEPINP IPLP SO ERMNQ JPO ?RMSOR HS CMROPK 1L EMRO@P OPO QJJQHQAR FO9FOSJR EPMNRNRB FOR GSOQINMR PNNQ> OFNR JPO LRMHPB EPGPHPMSB JSEPLLQB ERNRNQ Q FO EP9 HS ERINRB P SO RLNQM> ORNSAR MSIP JPO AQMHFMQ HS INRCSPOQB ;FRIS IQGEMQ EPINR R NRAPLR SO FO9RGESR SOIRLRNSQMR HR JFS JSRIJFOP RNNSOCQAR HSMQNNRGQONQK PO MRMR LR

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

LR MR@SPOQ QMR RL;FRONP GRCCSPMQB RMMSJJ:SNRB SOPLNMQB RL EMP?SLRMIS HQCLS RIIRLNSB HS CRLLQNNQB IJRNPLQNNQ HS JRM> OQ HS JSMJR 66< CMRGGSB JSPJJPLRNP Q ;FRLJ:Q APLNR EQMISOP ?MFNNR JROHS> NR Q LS;FPMSB =QOS J:Q LR GRCCSPMRO> @R HQS ?RONS OPO RAQAR GRS RIIRC> CSRNP SO EMQJQHQO@RB EQM OPO ERMLR> MQ HQLLR JRMOQK OR GPLNSNFHSOQ HS FPGSOS J:Q EQM LR EMSGR APLNR OQLLR IFR ASNR JRL@RAR HQLLQ AQMQ IJRMEQB

SOHPIIRAR FO R=SNP OFPAP Q GRO> CSRAR FOR EQMIPORLQ HPIQ HS ESQNRO> @R IQO@R HPAQMLR JPONQOHQMQ RCLS RLNMS ?RGSCLSRMSB EMRIIS J:Q IS HSGQONS> JR NMPEEP IEQIIP HS MSJPMHRMQK 1L AQMP EMP=LQGRB EMQIQONQ JPGQ RJ> JQOORNP ROJ:Q OQLLR IPJSQN5 JSASLQ HQLL9QEPJR GR QIRIEQMRNP HRL MSNMP> ARMIS NRONS FPGSOS R LFOCP JPINMQNNS SO IER@S ROCFINS Q GRLIROSB QMR ;FQLLP HQLLR CMRAQ JRMQO@R HS RJ;FR EPNR>

:PIMN *DALEEP:PIM ;OJ @PBK@MJM P 6BOKHPHOHP=P KMFMEEOJP OIIM AJPDM IPKMM> OKF4M FLK OF6BMCLHHP FODAOIP L =LIOKHP> AMJ FBP ;B @PLFL;LJ<O JPFLJJMJM O AL< F4M HBHHO=PO KLK :OEHOJLKL OC OIIM9 =POJM PI :PEL@KL> EAMFPOIDMKHM C1MEHOHMN BOKHL CJODDOHPFODMKHM EMKHPHO ;LEEM 6BMIIO CM;PFPMK<O> IL HMEHPDLKPO I1LJCPKM CP O@@PBK@MJM CMI AMHJLIPL OI9 I1OF6BO CP JO;;JMCCODMKHL CMIIM DPHJO@IPOHJPFP AMJ CMKOHBJOJIO LKCM M=PHOJM F4M P ELICOHP IO :M=MEEMJL ;BJHP=ODMKHM JL==MCPDMKHL CMHHOHL KLK FMJHL COI EOCPEDL> DO COIIO AJMLFFBAO<PLKM CP O=MJM PK L@KP DLDMKHL CMIIM OJDP EPFBJODMKHM ;BK<PLKOKHPN (I JP@BOJCL BKO EP@KP;PFOHP=O HMEHPDLKPOK<O ) %+), #* )" )*+ #,) -$$, %" ",)), '"#, (+&&, !(+#"&,'#+ "' &-)#+ %+ +&-'$, !,( &"* +)$* %+)#-$* &+ *'&*- -'+ - #-(, *' *% -'*, !,( )- %,$, * &,( &- - (,%*%$,(, -'& , - ",) &+(!+(-), *%+ '+ - * " (+'+ #", %+)#-$* & , &+ *' &*-(+'+ -# -''-%!-(, - , , (-&&*- -%%-)*$* #-* (* *#* #,))- +($, "'+ #,* %+)#-$* -%%-)*$* #-))- %,$, +( + '"'+ &,(&- (,%* %$,(, -))- %,$, $,','#+ *' +&&- *)* #* ,( - +!!"(, "'- !-))+$$+)- #* "&*), * " "' &-!+(-) - *+(, '-!+)* $-'+ & , '+' !+$,'#+ (,%* %$,(, -))- , (, #,))- %,$, +(*' *' "'- $- - #* )-$$- , #+!+ - ,()- $,'"$- -)) -(*!,( "-)& , *'"$+ )- , , # "' *-$+ - )* *'&+(%, -), !,(& ) +(*'- #* !,( %, %$,%%- *-&-), - +'*-&-), , &-)#- -'& , !,) +($, &-)+(, )* !(+#"%%, #+)+(* -))+ %$+ -&+ %, "*$* #- +($* &+' ")%*+'* N OI CPOJPL CMI ELICOHL $PL=OKKP OJJPFF4PL 9 -N O:P> $MKHM CP HJPKFMO > BJ9 EPO> 7))/> AN 52 N L=M PI JOKFPL LJCPKOJPL KLK ALHM=O AMJ =OJPM JO@PLKP MEEMJM FLKEM@KOHL> ELA9 AMJ IO CPEHJP:B<PLKM CP FP:P PK EFOHLIO> IM :MK KLHM EFOHLIMHHM F4M HOKHO OCL<PLKM O=JOKKL KMI EBFFMEEP=L CMFLJJMJM CMI EMFLILN * JMIOHP=P FLKHMKBHP OKCO=OKL COI HLKKL OIIM OFFPB@4M> COIIO FOJKM OIIO FPLFFLIOHO> PK :OJOHHLIP DMHOIIPFP EMDAJM LJ9 KOHP FLK AOHJPLHHPF4M JO;;P@BJO<PLKP M JMHLJPF4M CMKLDPKO<PLKP ELEHPHBMKCL P KLJ9 DOIP FP:P> HBHHO=PO> JPBEFP=OKL O @OJOKHPJM KMIIM @PBEHM CLEP BK OAALJHL CP LIHJM /N??? FOILJPM OI @PLJKLN MI FLJEL CMI FLK;IPHHL KM ;BJLKL AJLCLHHM LIHJM 5?? DP9 IPLKP> JPEMJ=OKCLKM AMJ" PI FLKEBDL OP ELIP DLDMKHP FJPHPFP> L O 6BOKCL IM FBFPKM CO FODAL KLK LAMJO=OKLN *K AJOHPFO AMJ"> AMJ IM CP;;PFLIH, FLKKMEEM FLK @IP OA9 AJL==P@PLKODMKHP CP =P=MJP> 6BMIIO 6BLHO CP FOILJPM> ODDMEEL ABJM F4M ;LEEM EHOHO M;;MHHP=ODMKHM EBAMJOHO> KLK ;B DOKHMKBHO O IBK@L> M FLDBK6BM KLK LI9 HJM PI 7)7&> OKF4M KMI KLJDOIM JOKFPLN -O CMFBJHO<PLKM PK;IB EBI DLJOIM CMIIM HJBAAM PK DLCL EMKEP:PIM> FLK;MJDO PDAIPFPHO CMIIO KLK BKP=MJEOIM M OEELIBHO JMABIEPLKM =MJEL PI JOKFPL EHMEELN PEFLJEL OI6BOKHL AP FLDAIMEEL AMJ I1OFFMJHODMKHL CMIIO EB;;PFPMK<O CMI DMK<PLKOHL OAALJHL MKMJ@MHPFL> KLK MEPEHMKCL OKFLJO EHBCP EBIIO FLJJMHHO KBHJP<PLKM M =MJLEPDPIP HO:MIIM FOILJPF4M AMJ P CP=MJEP FP:PN *KCPEAMKEO:PIM AMJFP" AJLFMCMJM> OKF4M PK 6BMEHL FOEL> AMJ FLK;JLKHL> KMIIO ;OHHPEAMFPM FLK @IP OIHJP JOKFP @P, OCLHHOHP AMJ IM @JOKCP BKPH, COP =OJP MEMJFPHP COII1MH, FIOEEPFON OKFOKCL IM FLKLEFMK<M EFPMKHP;PF4M> I1MKHPH, M IO FLDALEP<PL9 KM CMIIM JO<PLKP =MKKMJL MIO:LJOHM OHHJO=MJEL PKKBDMJM=LIP M FLKFJMHM EAMJPDMKHO<PLKP EBI FODAL> PK FOEMJDM L PK ;LJHM<<M> PK HMDAL CP AOFM L CP @BMJJON 0@KP 'LDOKCOKHM> PK;OHHP> MJO AMJ;MHHODMKHM PK @JOCL CP CPEHPK9

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

3O: 7 MFLJPKLGGGGGNNNNNNN $JOKLGGGGGGNNNNNNNN OJJLGGGGGGGNNNNNN 'OJKMGGGGGGNNNNNNNN PKLGGGGGGGNNNNNNN

5. @JODDPGGGGG 75?? @JODDPGGGNNN 7?? @JODDP FPJFOGG 22? @JODDPGGGGN 7N7 IPHJPGGGGGGNNN

303(-% 3%0#*'0 JO<PLKM CP :OEMGNNNNNNNNNNNNN

FOIN 78? FOIN 2N.?? FOIN 22? FOIN 8?? FOIN ..?

FOIN 8N2 ? 3O: 5

OKMGGGGGGGGGGGGGG7)? @JODDPNNNNNNNNNNNNNNNFOIN 8?? PEFLHHLNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN7)? @JODDPNNNNNNNNNNNNNNNFOIN ?? PKLNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN7N8 IPHJPNNNNNNNNNNNNNNNNNNNNNNNFOIN )?? 'OJKM EOIOHO> 2 @PLJKP IO EMHHPDOKONNNN 78? @JODDPNNNNNNNNNNNNNNNFOIN 5?? LJDO@@PL> / @PLJKP OIIO EMHHPDOKONNNN 78? @JODDPNNNNNNNNNNNNNNNFOIN 8?? -M@BDP>QPKEPMDMQOIQ;LJDO@@PLNNNNNNNNNNNN7N&Q @NNNNNNNNNNNNNNNNNNNNNNNNFOINQ85? (FMHL> PKEPMDM OP IM@BDPNNNNNNNNNNNNNNNNNNN 58 FINNNNNNNNNNNNNNNNNNNNNNNNNNFOIN 7 0IPL>QPKEPMDMQOPQIM@BDPGGGGGNNNN 2?9/?NNNNNNNNNNNNNNNNNNNNNNNN FOINQ5?? OIM> EMK<O IPDPHO<PLKM 303(-% 3%0#*'0 JO<PLKM CP :OEMGGGGGNNGGG FOIN 2N/?? 3O: 2 OKMGGGGGGGG 'OJKM :L=PKOGGGGN -OHHM GGGGGGGNNN LJDO@@PLGGGGGNN BJJL GGGGGGGNN #PEL AOEHO IM@BDPGGN JBHHO EMFFOGGGGG 0IPLGGGGGGGGNN OJDMIIOHOGGGGGN BFF4MJLGGGGGG

8?? @JODDPGGGGGGG 58? @JODDPGGGGGGG / FIGGGNNNNGGGGGGNN .? @JODDPGGNGGGGGN 7? @JODDPGGGGGGGNN 5?? @JODDPGGGGGGG /? @JODDPGGGGGGGNN /?@JODDPGGGGGGGG /? @JODDPGGGGGGGNN /? @JODDPGGGGGGGNN

FOIN 7N28? FOIN 2?? FOIN 2? FOIN 58? FOIN .8 FOIN &?? FOIN 78? FOIN /8? FOIN 78? FOIN 78?

303(-% 3%0#*'0 JO<PLKM CP :OEMGGGGGGGGGG FOIN 2N&?? 3O: /

OKMGGGGGGGGGG 'OJKM CP :BMGGGGGGNN #PEL L AOEHOGGGGGGNN -OJCLGGGGGGGGGNN PKLGGGGGGGGGG BFF4MJLGGGGGGGG 'O;; QGGGGGGGGGNN

.8? @JODDPGGGGGN FOIN 5N??? 55? @JODDPNNNNNNNNNNNNNNNNNNN FOIN 5&? 558 @JODDPNNNNNNNNNNNNNNNNNNN FOIN .?? 5? @JODDPNNNNNNNNNNNNNNNNNNNNN FOIN 5? 58? FINNNNNNNNNNNNNNNNNNNNNNNNNNNNNFOIN 7 ? 78 @JODDPNNNNNNNNNNNNNNNNNNNNN FOIN &? 78Q@JODDPNNNNNNNNNNNNNNNNNNNNN FOINQ75

303(-% 3%0#*'0 JO<PLKM CP :OEMNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNFOIN 2N58? 3O: 8

OKMGGGGGGGGGG 'OJKM :L=PKOGGGGGGNN OEHOGGGGGGGGGG -M@BDPGGGGGGGGGN LJDO@@PLGGGGGGGG

.?? @JODDPGGGGG FOIN 7N)?? 58? @JODDPGGGGG FOIN 2?? 55? @JODDPGGGGG FOIN ?? 8? @JODDPGGGGGGFOIN 8? 8? @JODDPGGGGGGFOIN 7 ?

303(-% 3%0#*'0 JO<PLKM CP :OEMGGGGG GGGGNFOIN 2N58?

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

MI 7).2 IO FLDALEP<PLKM HPAL CMIIO JO<PLKM ;B DLCP;PFOHO M> ABJ O=MKCL EMDAJM PI DMCMEPDL FLKHMKBHL FOILJP9 FL> PI AMEL PKFJMDMKH" O 5N. @> AMJ I1PKFIBEPLKM CP BKO AP ODAPO =OJPMH, CP OIPDMKHP OC OIHL FLKHMKBHL AJLHMPFLN

KPFL CP;MHHL> I1PDALEEP:PIPH, CP =OJPOJM PI AOEHL EM FLEHJMHHP O ;OJIL FLK CMHHM JO<PLKP AMJ HMDAPQOI6BOKHL AJLIBK@OHPN O 6BMEHL :JM=M , &"(%"% EBII1OIPDMK9 HO<PLKM CMP ELICOHP CBJOKHM IO $JOKCM $BMJJO> MDMJ@LKL CBM FLKFIBEPLKP IO 6BOIPH, CMI JOKFPL KLK MJO EPFBJODMKHM PK;MJPLJM> OK O 6BMIIO CMI FP:L CMP FLKHOCPKPN @JO9 CM=LIM> EM DOP> KM MJO PK=MFM PI @BEHL> O =LIHM ;PKL OIIL EHLDOF4M=LIM AMJ DLIHMAIPFP FLKFOBEMN -O 6BOKHPH,> ALP> FLDM FLK;MJDO PI FLK;JLKHL FLK IM JO9 <PLKP CM@IP MEMJFPHP CMI AOEEOHL> KLK CP;;MJPEFM DLIHL AMJ FLDALEP<PLKM M FLKHMKBHL FOILJPFL COIIM OIHJM> EHO:PIP<9 <OKCLEP PKHLJKL OIIM 2N&?? FOILJPM> MK9 HPH, OKFLJO OI AJMEMKHM OCLHHOHO AMJ IO EBO EOKO JPEALKCMK<O OIPDMKHOJMN *I JOKFPL> EPFBJODMKHM> KLK ;B DOP LHHP9 DL> DO ;B 6BOEP EMDAJM O::LKCOKHM

' , ',(, , $+(*&+

Websense ha come principale Websense prin ncipale obiettivo obiettivo la pr otezione delle aziende aziend de contro contro gli attacattacprotezione c hi inf ormatici avanzati avanzati e il furto furto dei dati. chi informatici L e so luzioni di sicurezza sicurezza a TRITON TRITON uniscono Le soluzioni pr otezione Web, Web, email, mobile mobile e data data loss protezione pr evention (DL P) e oltre oltre 11.000 11.000 aziende si prevention (DLP) affidano a Websense Websense TRITON TR RITON per bloccare bloccare minacce avanzate avanzate persistenti, persistenti, attacchi attacchi mirati mirati e malware malware in continua ev voluzione. evoluzione. â&#x20AC;&#x153;â&#x20AC;&#x153;Oggi Oggi il Cybercrime Cybercrime Ă¨ organizzato, organizzat g o, strutturastrutturatto o ed ha chiari chiari obiettivi obiettivi legati l principalmenprincipalmentte e a due ffattori attori â&#x20AC;&#x201C; afferma afferma m Massimo Argenti, Argenti, T er e ritory Account Manager Manag ger Team Team e Leader di Territory Leader W ebsense Italia Italia - gener a e il massimo guaar guaWebsense generare dagno economico o creare crea are il maggiore maggiore dandanno possibile ad un target targe et determinato, determinato, che che gener almente rientr a ne elle cosiddett e infr ageneralmente rientra nelle cosiddette infrastr utture critiche. critiche. Al p prim mo p post o rientrano rientrano strutture primo posto natur almente le strutture strutture militariâ&#x20AC;?. militariâ&#x20AC;?. naturalmente T ra le principali principali ttendenze enden nze del cybercrime, cybercrime, Tra evidenziat e grazie grazie al Threat Thrreat Report Report 2015 2015 dei evidenziate W ebsense S ecurity Labs,, Ă¨ stato stato evidenziato evidenziato Websense Security c he in questâ&#x20AC;&#x2122; epoca di Malware Malw M are as a ser vice che questâ&#x20AC;&#x2122;epoca service (MAAS), anche anche aut ori dii minacce del tutto tutto autori alle prime armi armi possono posson no creare creare e sferrare sferrare con successo attacchi attacchi mir m ati al furto furto di dati, mirati

a causa di d un accesso sempre sempre piĂš semplisemp plice allâ&#x20AC;&#x2122; utiliizzo di exploit exploit kit in affitt o, Maas, Maass, e allâ&#x20AC;&#x2122;utilizzo affitto, altr e oppo ortunitĂ di acquisto acquisto o no leggio o di altre opportunitĂ noleggio porzioni o di un int ero att acco informatico informatico intero attacco comp lesso e pluri pluri strutturato. strutturato. Oltre Oltre a un piĂš p complesso ffacile acile accesso acc cesso a str umenti allâ&#x20AC;&#x2122;avanguardia, allâ&#x20AC;&#x2122;avanguardia, d strumenti gli autori autori di malware malware sono anche anche in gr a ado grado di mescolare mescolar l e nuove nuove tecniche tecniche con le vecchie, vecchie, h con la co onseguente creazione creazione di tecniche tecnic che conseguente alt amente ev asive e dunque difficili da idenide enaltamente evasive tiďŹ cat e. tiďŹ cate. â&#x20AC;&#x153;â&#x20AC;&#x153;Si Si p arla oggi o di D igital darwinismo darwinismo â&#x20AC;&#x201C; proproparla Digital segue Ma assimo Ar genti â&#x20AC;&#x201C; nel senso che che sos Massimo Argenti pr avviveranno a evolupravviveranno le minacce in continua evoluzione: gli autori autori delle minacce informatiche informatic che si sono concentrati co oncentrati sulla qualitĂ qualitĂ dei loro loro atttacchi, acchi, piu uttosto che che sulla quantit Ă â&#x20AC;?. piuttosto quantitĂ â&#x20AC;?. P er quest to Ă¨ di ffondamentale ondamentale importanza importan nza Per questo p artire da ai concetti di cyberwar, cyberwar, or mai di partire dai ormai dominio comune in ambito ambito militare. militare. Lâ&#x20AC;&#x2122;esiLâ&#x20AC;&#x2122;esie genza di difendersi, d endersi, soprattutto dif soprattutto per i soggetti sogge etti c he comp pongono il v asto mondo delle ffororche compongono vasto zze e ar mate, e aumenta aumenta anno per anno, anno, poichĂ¨ poic chĂ¨ armate, il cybercrime cybercrrime Ă¨ sempr e piĂš ffocalizzato ocalizzato su sempre att acchi mir m ati e di conseguenza maggiormaggiorattacchi mirati ment e inc cisivi. mente incisivi.

Massimo Ar Argenti genti Websense W ebsense T Territory e erritory Account Acco ount Manager

voro che che W ebsense sta s a portando st portando avanti avanti Il la lavoro Websense astrutturre militari militari Ă¨ proprio proprio insieme alle infr infrastrutture ementare ffortemente o emente la consaort consaquello di incr incrementare pevolezza di ogni addetto addetto sulle tematiche tematiche e pevolezza rischi del mancat o rispetto rispetto delle principrincisui i rischi mancato pali rregole egole di sicur ezza. pali sicurezza. llaborazione tra tra Websense Websense e Forze La co collaborazione e le Forze Armate ha permesso permesso di far far crescere crescere di pari pari Armate passo una linea di dif esa contr o questi nuo vi passo difesa contro nuovi attacchi con soddisf azion ne reciproca reciproca per i ririattacchi soddisfazione sultati sin qui ottenuti. ottenuti. sultati http://it.websense.com http://it.websense.com

4 (+,4 *1 ,4.(3-(4 #4..4/4,2 403./1.4 #2-(2

. 2,$2$012 /+//2 1/4014.2

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

2/1)4 12.3

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

& & #& ! & & ! #& ! & & & ! ! #1 ,4((2./4 *300 3)3./2 ( 3 03 )40-2 04 3*4$014 * !,2 40 402, 101/4 ,3 #2-4 -+((3--2 *2)3 3 +4.*2"

-14 ',2 3--12.403 ( 3 ',1)4/4 +300 3)3./2"

$9 93/9;< 138:76= 37' 0=8:&;<7= 5<768< ; 7=2;5; 1=99'"./-:7;46:7 7=; 08=44; 1; :9: #<8/-:%* 7=99: .:4= .;7:9= 1=99':&;<7= 9: 2;: 37;6 .3 ;7) ,=46;6: 1:9 .3<5< 1=99= :82; 1; 37 /8300< :82:6<+ #; 8=4; 43%;6< 5<76< 5-= 37: 4(3:18: 1=9 2;< 09<6<7= 46:,: 0=8 =44=8= 5<90;6: 1:9 .3<5< 1=/9; ;7) 4<86;+ <7 2; 4<7< :88=4< :99: 5;85<46:7&= = 7<7 -< 9:45;:6< 5-= :55:) 1=44= 7399: 1; 2:9= :; 2;=; 5<22;9;6<7;+ < 1=5;4< 1; .:8= (3=99< 5-=* ;7 (3=9 2<2=76<* -< 0=74:6< =44=8= 9: 5<4: 2;/9;<8= 0=8 9<8<* = :99<8: 5<7 ;9 .3<5< 1; 5<0=8638: -< .:66< ;7 2<1< 5-= /9; :968; 0<6=44=8< 8;0;=/:8= ;7 4;538=&&:+

!<2= /8:13:6< 1=99' 4=85;6< $6:9;:7< 2; 4=76< <7<8:6< = .;=8< 1; (3=46: <7<8;.;5=7&:* 2: 7399: 5:2%;:6< 7=9 2;< 9:,<8<+ !<76;73< 5<7 ;20=/7< : 4,<9/=8= 9';75:8;5< 5-= 2; 46:6< :4) 4=/7:6< 1:9 2<2=76< ;7 53; 4<7< 46:) 6< 68:4.=8;6< :9 8=//;2=76< .:76=8;: ;5;9;: + ,,;:2=76= 9: 2;: .:2;/9;: /;<;45= 0=8>;>68:/3:81; 8://;376;+

2)3 -/4/2 3,1/2" !$.1 /4./2 '3.-4.*2 *1 4)3, %3--2 4 ,3'3./4$012 04 -+4 )1/4 -1 -3./3 +. '2 3,23"

+401 -2.2 -/4/3 03 3%2 12.1 3 03 -3.-4 12.1 .30 )3*3,3 4''+./4/4 -+0 '3//2 +3004 %3*4$014 .30 $12, .2 *3004 3-/4 *3003 2, 3 &,%4/3 *4)4./1 400 &0/4,3 *3004 4/,14"

<7< 46:6< .=8;6< :99: /:2%: 1=468: ,;5;7< :99':86=8;: .=2<8:9=+ * 5; 0=74< = 4<7< 5<7,;76< 5-= 7= 4;: ,:94: 9: 0=7:+ !8=1< 1; :,=8 .:66< ;9 2;< 1<,=8= 1; 4<91:6< = 1; .8:6=99<* 0=85- 5-; .: (3=46< 2=46;=8= 0=8 0:44;<7= = 1=,<&;<) 7= 9=/: 5<7 ; 08<08; 5<99=/-; 5<2= ;7 37: /8:71= .:2;/9;: 1<,= 6366; 4; 08=7) 1<7< 538: 37< 1=99':968<+ 0=8 (3=46< 5-= 7<7 2; 4=76< 37 =8<=+ #2-4 -1 ',2)4 1. +31 %2%3./1 3 4 (2-4 4 '3.-4/2" $7 (3=; 2<2=76; 4; 5=85: 1; 8=46:8= 5<75=768:6; 7=9 1:8=* 5<7 9= 08<08;= :&;<) 7;* 9':;36< 7=5=44:8;< :; 5<99=/-; 4<66< ;9 .3<5< 7=2;5<+ < 0=74:6< :99: 2;: .:2;/9;:* : 2;: 2</9;= 5-= =8: ;7 :66=4: 1=9 2;< 4=5<71< .;/9;< "9%=86< = : 2;< .;/9;< :<9< 5-= :,=,: :00=7: 5<20;36< :77;+ "99: 2;: 37;6 5-= =8: ;7 0=8;5<9<* -< 0=74:6< 5-= ;9 9<8< .3638< =8: 9=/:6< :99: .;135;: 5-= :,=,:7< ;7 2= = -< 5=85:6< 1; .:8= 1=9 2;< 2=/9;<* = 0=8 (3=46< -< 5<76;73:6< : /:) 8:76;8= 9: 9<8< 4;538=&&:+ 31 10 ',1%2 $,4*+4/2 *300 -3,(1/2 /4014.2 )1)3./3 3 1. -3,)1 12 4 ,1 (3)3,3 /403 %4--1%4 2.2,1 1(3. 4 +401 3 3//1 4 4)+/2 -+004 -+4 )1/4

$9 8=4;1=76= 1=99: =03%%9;5: -: ,<936< 08=2;:8= ;9 2=8;6< 1; 37 68=7) 6=77= 1=99' 4=85;6< $6:9;:7<* (3=9 2=8;6< 5-= /=7=8: .;135;: = 8=71= 5:0:5; 1; 37 .3638< 2;/9;<8=+ # +40(+.2 1. '4,/1(204,3 4 (+1 )+203 *3*1(4,3 +3-/4 3*4$014"

=1;5< (3=46: #=1:/9;: 1' 8< :9 :9<8 #;9;6:8= : 6366; (3=; .8:6=99; 5<9) 9=/-; 5-= 7=9 5<20;=8= ;9 08<08;< 1<) ,=8= -:77< 0=84< 9: 08<08;: ,;6:+ ;<87:9;46: <6<8=0<86=8

Arriva la “marijuana di Stato” - 2a parte

- 0+17 /8 "7 1847 711617.

)% *# )" - -&&!)% )-% -#& -%"*& )%

)#* #* *%*#-&* *&&!- *% )-9)% " #)*9 ) *"-

: 9<%=7=4>;9: *=4=2: '<8, 4<2>39=2: =7=9<8>1 ;<9: < :8=, ;: ;>7 ( > 98<6->8=9: ;>77< 6>5> 5= '=8>;.> ;>7 (" (1 5<7 ##( <77> 5=/>;5>;.> 5>77&+0>;.=< ;53, 698=> )=->6< + ) 1 3; >;9> 5= 5=8=99: /3%%7=2: =69=93=9: ;>7 (""" 3<7> 6983, 4>;9: 5= 8<.=:;<7=..<.=:;> > <44:, 5>8;<4>;9: 5>77> $;=9! ;53698=<7= 5>7 =;=69>8: 5>77< )=->6< + 7307=: 5>77&<;;: 62:86:1 63 /8:/:69< 5>7 =;=698: 5>77< )=->6< :%>89< =, ;:99=1 7&=;2<8=2: 5= )=8>99:8> >;>8<7> 5>77&+0>;.=< 69<9: 2:;->8=9: <77&=;0>0;>8 =<; <87: +;6>74=;: 8: >;=>;9> 5< '=;4>22<;=2<1 ;>7 (" *< =;=.=<9: 7> <99= =9! /8:->66=:;<7= =; +7>;=< +>8:, ;<39=2<1 5: > *< 5=8>99: <99= =9! 5= /8:0>99<.=:;> > 5= 0>69=:;> 5= =4/:89<;9= /8:, 08<44= 4=7=9<8=1 -=;: <5 <6634>8> ;>7 ## 7&=;2<8=2: 5= )=8>99:8> 8>6/:;6<%=7> 5>77< /8:53.=:;> 5>07= 69<%=7=4>;9= +7>;=< 5= :8=;: <6>77> > 5>77< 0>69=:;> 5>= /8:08<44= 38:-=0*9>81 ' , '1 :8;<5:1 <88=>81 + 1 >38:; > $+ )<7 #(( *< :/>8<9: /8>66: 7< 6>5> 2>;98<7> 5= '=;4>22<;=2< < :4<1 =; 3<7=9! 5= *FBEC? E>F )?F=E<FBA $B<9=A?ED@ )F?2C?:DB>F DB< (C:;FAEAE7FBF== &5 "27 838'6425 8382716 8'805 /8 8164(6 7 1606426'6426 52264+25 3!6.03+.8$7 84 )27387 ,61 37 ,15/+(8546 /8 71'708 7 7.6 /8 07447 8. ,61 37 2617,87 /63 /53516 6 05.7 17,,16.6427 ,61 3!- 64(87 0 6 &68 /818 6 +6.25 4+5$5 07',5 /8 7(8546 )F? ;?E:D >C=D 7C4@EC <E?F >6F 6C ?D>>C@AC 2?9AAE <E =F:EBF D@A?9E F >6F =CBC :C@AC CBC?DAC <E D7F? D79AC E@ ;?E7E@F4EC <E ;CAF? F==F?F D >D;C <F@@,'4FB8ED0 DB8EA9AAC ;F? @F ;F?=CBF >6F 6C A?C7DAC0 E@ 9><40 E@ ;CAFB8ED@F F @F >D;D>EA/ >6F >E =CBC1 9EB<E 7FBFB<C D@@D ?E=;C=AD ;C==C <E?F >6F D E?FB8F >E =CBC <F@@F >D;D>EA/ >6F @,'4FB8ED 6D :DA9?DAC BF@ AF:;C% ?E>C?<C >6F @C *AD5E@E:FBAC + BDAC EB F;C>D ;?F39BEAD?ED F 6D =F:;?F D>>C:;D4BDAC @F =C?AE <F@ )DF=F0 DAA?D7F?=DB3 <C 49F??F <E $B<E;FB<FB8D0 9BD ;?E:D ?DB<F 9F??D0 ;?C<9>FB<C D< F=F:3 ;EC E@ >6EBEBC0 >6F EB -9F4@E DBBE F?D 2CB<D:FBAD@F ;F?>6 F?DBC DBBE <E :D@D3 ?ED0 BCB =C@C ;F? E :E@EAD?E :D ;F? @,EBAF?D ;C;C@D8ECBF1 9F=AD >9@A9?D <F@@D ;?C3 AF8ECBF =E + D@E:FBADAD F D??E>>6EAD 2EBC DE BC=A?E 4EC?BE >CB <F@@F >D;D>EA/ EB<93 =A?ED@E F 4F=AECBD@E >6F =CBC =CAAC @D @9>F <F@ =C@F% ;FB=C D< F=F:;EC D@@D ;?C3 <98ECBF <FE >C=E<<FAAE 2D?:D>E C?2DBE 0 C==ED 2D?:D>E >6F =F?7CBC ;F? @D >9?D <E :D@DAAEF ?D?F0 >6F D7FB<C -9EB<E ;C>C >CB=9:C0 BCB =CBC ;E# 4E9<E>DAE <E EB3 AF?F==F <D@@F >D=F 2D?:D>F9AE>6F1 'AAE7EA/ >6F @C *AD5E@E:FBAC =7C@4F <D @9B4C AF:;C0 F DB>6F EB -9F=AC >D=C ;F? @,EBAF?D ;C;C@D8ECBF1 ;FB=C DB>6F D@ 293 A9?C% C44E @C *AD5E@E:FBAC <E E?FB8F D< F=F:;EC 6D >C:;@FADAC @C =7E@9;;C <E 9B 2D?:D>C :C@AC EBBC7DAE7C0 <E >9E =ED:C EB 2D=F <E D;;?C7D8ECBF0 F >6F =D?/ ;?F=AC :F==C EB >C::F?>EC1 D =>F@AD <F@@C *AD5E@E:FBAC ;F? @D ;?C<98ECBF <E 2D?:D>E D 5D=F <E >DBBD5E= ;F? @F >9?F ;D@@EDAE7F ;C44ED -9EB<E =9 -9F=AD A?D<E3 8ECBF F EB<955ED:FBAF DB>6F =9@@F 4D?DB8EF <E ;?CAF8ECBF F =E>9?F88D >6F @,'4FB8ED0 F==FB<C 9B FBAF =; *:36> <F@@D !E2F=D0 ;9 <D?F1 739,+425 /8 $8.27960545'8059 +739 983 83740859/6335 "27 838'6425 E?FB8F 6D 9B 5E@DB>EC C?D:DE BF4@E DBBE >CB=C@E<DAC >C:F 9BC <F4@E *AD5E@E3 :FBAE >6F =CBC =9@@D >C=E<<FAAD >CBC:E>D 4F=AECBF1 'B>6F =F -9F@@C >6F 7C??FE =CAAC@EBFD?F + >6F @D ?E>>6F88D >6F ;?C<9>F ;F? E@ )DF=F 7D D@ <E @/ <E

-9F@@C >6F ;9 F==F?F 9B :F?C >CBAC F>CBC:E>C1 *FB8D A?D=>9?D?F E@ 2DAAC >6F >C:9B-9F BF@@F ?E=A?FAAF88F F>C3 BC:E>6F DAA9D@E @D =C=AFBE5E@EA/ + 9BC <FE 7D@C?E >6F 7DBBC D==C>EDAE D -9D@3 =ED=E EBE8EDAE7D0 DB>6F -9F@@F >6F 6DB3 BC 9B ?E=7C@AC 9:DBC ;E# =E4BE2E>DAE7C1 %63 07',5 /6337 1806107 .+33!+2838( (5 /68 07447 8458/8 ,61 848 2617 ,6+2808 0! 740517 '5325 /7 6.,35 1716 &!- 64(87 .27 ,64.74/5 /8 7228$716 054$64(8548 /8 05337 517 (8546 2604807 6 .086428 807 054 *4 28 /8 1806107 05'6 .2725 7225 7/ 6.6',85 3!7445 .051.5 054 83 %# 463 07',5 /6337 18 64617(8546 5. .67 6 /6337 2617,87 2+'51736 9E =E FBA?D EB 9B D?4C:FBAC :C@AC EBAF?F==DBAF >6F ?D;;?F=FBAD ;F?D@3 A?C 9B D;;?C>>EC 4FBF?D@F ;F? @,'4FB8ED >6F + -9F@@C <E 7D@C?E88D?F @F BC=A?F >D;D>EA/ F @F BC=A?F ?E>3 >6F88F1 &C@AF 7C@AF >E A?C7ED:C BF@@D ;C==E5E@EA/ <E 2C?:9@D?F D>>C?<E >CB E=AEA9AE <E ?E>F?>D @D<<C7F ;C==ED:C :FAAF?F D =F?7E8EC @F BC=A?F >D;D>EA/ EB<9=A?ED@E F E@ BC=A?C ;: ,*: AF>3 BE>C =>EFBAE2E>C EB 9B,CAAE>D <E 7D@C?E83 8D8ECBF1 )F? -9DBAC ?E49D?<D E@ =FA3 AC?F =;F>E2E>C <F@@D >DBBD5E=0 D@ :C3 :FBAC E@ BC=A?C C5EFAAE7C + -9F@@C <E CAAE:E88D?F F =7E@9;;D?F BF@ ;E# 5?F3 7F AF:;C ;C==E5E@F 9B ;?C>F==C F22E3 >EFBAF0 EB :C<C <D C22?E?F 9BD AF?D3 ;ED =C=AFBE5E@F D ;E# :D@DAE ;C==E5E@F F >C:9B-9F >C;?E?F A9AAC E@ 2D55E=C3 4BC EAD@EDBC D >C=AE :C@AC >CB7FBEFB3 AE ?E=;FAAC D@@F DAA9D@E E:;C?AD8ECBE1 &5 "27 838'6425 71'706+2805 /8 8164(6 84 5 48 07.5 .535 +47 /6336 482 84/+.218738 7336 /8,64 /64(6 /6337 - 64(87 0 6 &68 /818 6 +738 .545 6 05.7 21722745 38 73218 "27 838'6428 0 6 7445 07,5 73 3!-) C@FB<C 2D?F 9BD ;DBC?D:E>D 4FBF?D3 @F 7C??FE ;D?AE?F =95EAC <D@@C *AD5E@E3 :FBAC ?D2E>C &E@EAD?F <E DFAD% :E D23 2D=>EBD :C@AC -9F@@C >6F + =ADAC 2DAAC F >6F C?D =AC ;C?ADB<C D 2EBD@E88D8ECBF EB -9F@@D >6F 9BD 7C@AD F?D @D AE;C4?D3

2ED :E@EAD?F1 44E >6F @D >CB>C??FB8D <FE ;?E7DAE EB 9B =FAAC?F >C:F @D =AD:;D + 7F?D:FBAF 2C?AF0 D55ED:C ?E>CB7F?AEAC E ;?C>F==E F @F >C:;FAFB8F F=E=AFBAE EB 9BD :E==ECBF :C@AC EBBC7DAE7D% C==ED @D >?FD8ECBF <E 9B >FBA?C <E <F:DAF?ED@E88D3 8ECBF <F@@D <C>9:FBAD8ECBF <F@@D !E2F=D >6F ;CA?/ ;C?AD?F D@@D <E4EAD@E88D8ECBF <E A9AAE E <DAE >D?AD>FE F <FE 2D@<CBE <E <C>9:FBAE1 9F=AC ;C?AF?/ 9B <9;@E>F 7DB3 AD44EC% <D 9B @DAC @D :F==D D <E=;C=E8ECBF <E =;D8E F <E >D=F?:F :D DB>6F F =;F>ED@:FBAF 9B 7DBAD44EC F>CBC:E>C BCAF7C@F ;F? @,D?>6E7ED8ECBF F @D >CB=9@3 AD8ECBF <F@@F ;?DAE>6F >6F C?D 7F??DBBC ?F=F <E4EAD@E1 ,C5EFAAE7C + -9F@@C <E >F?AE2E3 >D?F E@ ;?C>F==C FBA?C @D :FA/ <F@ 1 9F=AD0 >6F + ;D?AEAD >C:F 9BD EBE8EDAE3 7D D@@,EBAF?BC <F@@D !E2F=D0 ;F?D@A?C0 ;CA?/ ;C?AD?F D 9B D>>F==C D< 9B :F?>DAC :C@AC ;E# D:;EC D =9;;C?AC <F@@,CAAE:E88D8ECBF BD8ECBD@F1 (,+ ;CE @C *AD5E@E:FBAC &E@EAD?F E;?E=AEBE F F>9;F?E <F@ &9BE8ECBD:FBAC <E C>FAC <E )D?:D >6F =E C>3 >9;D <F@@D <F:E@EAD?E88D8ECBF <E D?:E C5=C@FAF C BCB >CB7FB8ECBD@E F >6F + 9BD <F@@F F>>F@@FB8F >6F >E =CBC D @E7F@@C :CB<ED@F1 *AED:C EB2DAAE D>>F<FB<C D <E7F?3 =E D;;D@AE D @E7F@@C EBAF?BD8ECBD@F1 9F=AC + 9B D@A?C :CAE7C <E C?4C4@EC% F >EC+ ;C3 AF? 2C?BE?F @D !E2F=D <F@ :9BE8ECBD:FBAC0 :D DB>6F @D ;C==E5E@EA/ <E <E=A?944F?@C EB :C<C =E>9?C F =C=AFBE5E@F <D 9B ;9BAC <E 7E=AD D:5EFBAD@F1 (E =CBC =ADAE <FE 4?DB<E EB7F=AE:FBAE >CB <F4@E <66>96 EB<9=A?ED@E <F<E>DAE >6F =ADBBC ?E=>9CAFB<C 9B 4?DB<F EBAF?F==F D @E7F@@C <E :F?>DAE EBAF?BD8ECBD@E1 (6ED?D:FBAF @,C5EFAAE7C + -9F@@C <E =C<<E=2D?F @,F=E4FB8D <F@@D !E2F=D =; /8=4=6 F ;CE =2?9AAD?F @F BC=A?F >D3 ;D>EA/ EB<9=A?ED@E =9@ :F?>DAC1 )E# D *9< >,+ 9B D@A?C *AD5E@E:FBAC >6F =E C>>9;D <E :9BE8ECBD:FBAC F< + -9F@@C <E DEDBC <E *;C@FAC0 >6F 6D <F@@F >D;D>EA/ :EBC3 ?E ;F? @D <F:E@EAD?E88D8ECBF ;F? + ;E# >CB>FBA?DAC =9@ ;?C>F==C <E EBAF4?D8ECBF <E :9BE8ECBD:FBAC <E ;E>>C@C F :F<EC >D@E5?C >CB >C:;FAFB8F >6F =CBC D;;?F83 8DAF =9@ :F?>DAC F >6F -9EB<E 6DBBC ;C?ADAC BF4@E DBBE @C *AD5E@E:FBAC D@@, >CBC3 :E>D 4F=AECBF1 F@@D ;D?AF >FBA?D@F <F@@,$AD@ED0 D CBADBD E?E0 D55ED:C ;CE @C *AD3 5E@E:FBAC &E@EAD?F )?C;F@@FBAE <C7F ;?C<9>ED:C BEA?C>F@@9@C=D <D >9E CAAFBED:C ;C@7F?E =2F?E>6F ;F? F=;@C=E7E F >D?A9>>ED:F1 ,C5EFAAE7C + -9F@@C <E D>>F<F?F D@ :F?>DAC F <E A?E;@E>D?F @D ;?C<98ECBF DAA9D@F F ;D==D?F <D <9F D =FE =-9D<?F1 (E =CBC 4E/ ?E>6EF=AF <D ;D?AF <F4@E *ADAE BEAE F >CBA?DAAE 4E/ EB DAAC >CB ;?E:D?EF D8EFB<F E=?DF@EDBF1 )4 +6.27 522807 /8 $73518((7(8546 6 8445$7(8546 7$626 84 ,15 17''7 35 .$83+,,59/894+5$8 ,15/5228 6 .61$8(8 B >D=C EBAF?F==DBAF + @C *AD5E@E:FBAC &E@EAD?F )?C<98ECBF (C?<D:E <E (D=AF@3 @D::D?F <E *AD5ED >6F 6D <F@@F >C:;FAFB8F F <F@@F >D;D>EA/ :C@AC E:;C?ADBAE >6F F?DBC F =CBC D@ =F?7E8EC <F@@D &D?EBD &E@EAD?F0 :D >6F @F BF>F==EA/ <E >C?3 <D:F <F@@F C?8F '?:DAF DAA9D@E BCB ?EF=>CBC D< D@E:FBAD?F >C:;@FAD:FBAF1 *AED:C -9EB<E =A9<EDB<C @D ;C==E5E@EA/ <E D>>F<F?F D< D@A?E :F?>DAE1 9B :F?>D3 AC <E22E>E@E==E:C <C7F <C55ED:C =>CBAD?F @D 4?DB<F >CB>C??FB8D <FE )DF=E <F@@,F=A?F:C C?EFBAF >CB ;?F88E <E ;?C<98ECBF :C@AC 5D==E1 $B -9F=AC =AD5E@E3 :FBAC =AED:C >C@@D5C?DB<C >CB E@ ($ ' (FBA?C $AD@EDBC E>F?>6F 'F?C=;D8ED@E <E (D;9D F @F 9BE7F?=EA/ ;F? ;C?AD?F D7DBAE 9B ;?C4FAAC ;F? @D ;?C<98ECBF <E :DB92DAAE EB >D?5CB3>D?5CB0 9B ;?C<CAAC >6F =E CAAEFBF <D@@F 2E5?F <E >D?5CBEC F >6F =F?7F D ;?C<9??F D< F=F:;EC 4@E 94F@@E <FE :E==E@E1 *AED:C ;?F<E=;CBFB<C 9B *<;0<8 ;F? @D ;?C<98ECBF >6F + 4E/ <E=;CBE5E@F1 )F? 7D@C?E88D?F EB DBAE>E;C -9F=AD BC=A?D >D;D>EA/ =AED:C ;FB=DB<C <E ;?C<9??F BF@ 2?DAAF:;C :DB92DAAE EB 2E5?D <E >D?5CBEC ;F? E@ :F?>DAC DF?CBD9AE>C BD7D@F F 2C?=F DB>6F D9AC:C5E@E=AE3 >C1 ,C5EFAAE7C0 =;F>ED@:FBAF ;F? E =EAE >D:;DBE0 + -9F@@C <E >?FD?F B9C7C @D7C?C 4EC7DBE@F1 9B C5EFAAE7C E:;C?ADBAF EB 9BD ?F4ECBF >6F 6D :C@AC 5E=C4BC <E @D3 7C?C1 *AF==C <E=>C?=C 7D@F ;F? C??F 'BB9B8EDAD% DB>6F @ D55ED:C ;?C4FAAE <E >C@@D5C?D8ECBF ;F? ?EBBC7D?F E ;?C>F==E EB<9=A?ED@E1 (C@@D5C?D8ECBE >CB ;?E:D?EF D8EFB<F D @E7F@@C EBAF?BD8ECBD@F1 )FB=C D< F=F:;EC D@ 8>-8>6*=;0 <FE :F88E ?9CADAE <E=:F==E <D@@D !E2F=D0 :D DB>C?D D;;FAE5E@E ;F? E@ :F?>DAC0 >C:F D< F=F:;EC E@ )>->;5>8 <F@@,'?:D <FE (D?D5EBEF?E1 *9/73 ,+425 /8 $8.27951 748((728$5908 .5459.2726945$82 )F? :F4@EC 7D@C?E88D?F @F BC=A?F >D;D>EA/ =9@ :F?>DAC0 :D =;F>ED@:FBAF ;F? EB3 >?F:FBAD?F @D =C<<E=2D8ECBF <F@ >@EFBAF0 + BF>F==D?EC >6F >E =ED 9BD >C:;F3 AFB8D <E 4F=AECBF <FE >CBA?DAAE F <FE ;?C4?D::E >6F :FAAD EB=EF:F <E7F?=F ?FD@3 A/ <E ;?C<CAAC C >@EFBAF1 '55ED:C -9EB<E >?FDAC <F@@F 36=;>66 $;=9 ;F? 9BD 7E3 =ECBF 4@C5D@F F =EBF?4E>D1

)F? F=F:;EC @D 36=;>66 $;=9 &9BE3 8ECBD:FBAC F< F=;@C=E7E + ?FAAD <D 9B 9BE>C ?F=;CB=D5E@F >6F 4F=AE=>F EB :C<C C?4DBE>C @F DAAE7EA/ <E A?F =AD5E@E3 :FBAE0 D@@C>DB<C @F DAAE7EA/ =F>CB<C @F >C:;FAFB8F0 =2?9AADB<C @F >D;D>EA/ F =EB>?CBE88DB<C@F ;F? C22?E?F 9B =F?7E8EC CAAE:D@F D@ >@EFBAF1 )F? E@ BD7D@F D55ED3 :C 9BD 36=;>66 $;=9 >CB 9B 9BE>C ?F=;CB=D5E@F >6F 4F=AE=>F @C =AD5E@E3 :FBAC <E &F==EBD >CB >D;D>EA/ <E D?3 =FBD@F BD7D@F >6F =AD 7FB<FB<C =ED D@@,EBAF?BC <F@@D !E2F=D >6F D@@,F=AF?BC ;F? @D @D7C?D8ECBF <E :F88E >6F 7FB3 4CBC 7ED 7ED <E=:F==E F <E (D=AF@@D:3 :D?F <D@ ;9BAC <E 7E=AD <FE >CBA?DAAE F <FE ;?C4?D::E F >6F =E D22EDB>D D@@,DAAE3 7EA/ =9@@D 4F=AECBF <F@@D ;?C<98ECBF <FE <E?FAAC?E <FE =EB4C@E =AD5E@E:FBAE1 &!- 64(87 .2727 016727 463 054 3!8/67 /8 164/616 6 8086428 38 .27 838'6428 84/+.218738 /6337 8 6.7 6 054 37 '8..8546 /8 ,5127138 7 +4 6 +838 185 60545'805 - /8.274(7 /8 7448 +73 83 8374085 $B -9F=AE DBBE >,+ =ADAD 9B,F7C@98ECBF E:;C?ADBAF DB>6F <F4@E EB7F=AE:FBAE >6F 6DBBC :DBAFB9AC @F >C:;FAFB8F ;9? BF@@D =C22F?FB8D <E 5E@DB>E BCB =F:;?F ;C=EAE7E EB A9AAE 4@E *AD5E@E:FBAE F >6F >C:9B-9F 6DBBC >CB=C@E<DAC 9BD ?E>>6F88D >6F + D??E7DAD 2EBC D< C44E F >6F ;9 F==F?F 7D@C?E88DAD1 (C@ 9><4 =AED:C 7D@9ADB<C @D ;C==E5E3 @EA/ <E @DB>ED?F B9C7F EBE8EDAE7F EB<93 =A?ED@E BF@@D >CBAEB9EA/ <FE ;?C>F==E F=E3 =AFBAE F >6F D55ED:C >6ED:DAC )EDBC <E E@DB>EC F (C:;FAEAE7EA/ 1 4BE =AD3 5E@E:FBAC 6D D@:FBC <9F C A?F EBE8EDAE3 7F0 C >C::F?>ED@E C EB<9=A?ED@E C <E 2C?3 :D8ECBF0 ;F? ;CAF? D>>F<F?F D@ :F?3 >DAC F =C=AFBF?F :F4@EC E >C=AE F -9EB3 <E D??E7D?F D@@, >CBC:E>D 4F=AECBF1 &D0 @C ?E;FAC0 DAA?D7F?=C @D 7D@C?E88D3 8ECBF <F@@F ;F?=CBF F <F@@F ?E>>6F88F EB :C<C =C=AFBE5E@F1 *ED:C 9B ;C, ?F3 2?DAAD?E D EB=F?E?>E EB :F?>DAE <E BE>>6ED0 =AED:C 7D@9ADB<C A9AAF @F ;C==E5E@EA/ =;F>ED@:FBAF D @E7F@@C >C:;FAEAE7C ;F?>6 =C@C -9F=AC0 D :FBC >6F E@ :C<F@@C :CB<ED@F BCB >D:5E0 >E ;9 ;F?:FAAF?F 9B 29A9?C ;E# D4F7C@F F =E3 >9?C1 ,9@AE:D @F44F <E =AD5E@EA/ 6D <DAC @D ;C==E5E@EA/ D@@,'4FB8ED <E ;?C=F49E?F @D ;?C;?ED DAAE7EA/ D@:FBC 2EBC D@ 1 $@ BC=A?C C5EFAAE7C ?E:DBF <9B-9F -9F@3 @C <E 7D@C?E88D?F D@ :D==E:C @F BC=A?F >C:;FAFB8F F E BC=A?E <66>9 EB<9=A?ED3 @E0 =7E@9;;D?F B9C7E ;?C<CAAE0 D>>F<F?F D@ :F?>DAC F >?FD?F D>>C?<E <E ;D?AF3 BD?EDAC >CB D@A?F D8EFB<F1 EC?BD@E=AD

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

: 314: 2; ,:14;-;9 :669

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

: 29*< :*<8< :88;589 0<4 34<:4< 69 ,%,. 'OM P==RPFO RMDQMNPNO MELLPB 5==RPFO GKQJO HP I@R MQ JP HR GR, Q PHPNNPNO LQ NQIMRI@Q PLLQ QJRCQMAQ HQL IOF=PN< NRFQMNO RMHRDRHEPLQ FRLRNPKQB )ERMHR P==RPFO IOJNRNERNO EM CKEGGO HR GKOCQNNO IOM GQKJOMPLQ RM EMR?OKFQ I@Q PDQDP EM 7LC >EIAGB RM JGQIR?RI@Q HRJIRGLRMQ> IOFQ RL LELHJ> RL

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

<43+ :*<8< 4<7173;8:89 15":48< /:4-;:6< :58;3+;7 7;/: 39/< ;6 0:534:-;9. 8L GPMIKPARO IOJNRNERJIQ LP =PJQ HQLLQ ?K JB ?LEHKLF LEHD> FOLNO RM DOCP RM 5FQKRIP Q OKFPR PMI@Q RM 8NPLRPB EMP HRJIRGLRMP IOFGLQNP Q ?P GPKNQ HQLLP NKPHRAROMQ OIIRHQMNP< LQ> 7EQLLP GR, DRIRMP P MOR Q PLLP MOJNKP IELNEKPB 5==RPFO PHONNPNO PLIEMR PJGQNNR HQL GPMIKPARO> FP PCCREMCRPFO Q

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

9QMO HQLLP FQN3 JEGQKP LQ JQLQAROMR GQK PIIQHQKQ PR IOKJR Q JOLO RL 6 DRQMQ PFFQJJOB 8 GOJNR HRJGOMR=RLR> RM?PNNR> JOMO RM?QKROKR PLLP KRI@RQJNPB %KP 7EQLLR I@Q JQCEO< MO RL IOKJO> L;& < 6 LO JEGQKPB 4@R MOM IQ LP ?P> HR JOLR< NO> : GQKI@ @P EM RMIRHQMNQB 8 IPJR HR PLLRQDR MOM PLL;PL< NQAAP JOMO KPKRB

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

53+< 6: 04<0:4:-;95< 7 1;7;8:/<58< (;7;3: ,%, 2<3;7:/<58< 214: : 8<35;3: 595 ):78:. 1P ?OKAP : PLNKQNNPMNO RFGOKNPMNQ HQLLP NQIMRIPB .QK 7EQ< JNO R GPKPFQNKR HQLLQ JQLQAROMR ?RJRI@Q JOMO RFGQCMPNRDRB 1;RHQPLQ : PDQKQ EMP GQKJOMP FONRDPNP GJRIOLOCRIPFQMNQ Q GKQGPKPNP ?RJRIPFQMNQB ;PLNKP GPKNQ P MOR GRPIQ GQMJP< KQ PL GPK3 IOFQSPH EMSPNLQNP RM EMR?OKFQBBBB

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

! ! ! !

! ! !

' $% !%(& % ' % &' )( )

LR S MROMS IRFHSPOS R??QLFRMS I@Q @ROOP ?RMMP ELROJQ SN 8=41D IQ OQ KPOP RNMLQMB MROMS JS ESPCROQ QM/ I@QD ELRB ASQ RS NPLP LSKGNMRMSD @ROOP HPKMP NQ >RKS HQL FROMQOQLQ RNMP SN MRKKP MQIOSIP JQN :QOMLP 6HPLMSCP 3KQLISMP Q JRLQ SN ESGKMP Q JPCQLPKP IPOMLS>GMP RNNR ILQKISMR JQNNP KHPLM ORASPORNQ< 0RN OGPMP RN " )D JRNNR NPMMR RNNR KI@QLFRD JRN '(!&! )( FPJQLOP RN !&' )( )D JRS HQB KS RNN9RMNQMSIRD KPOP ROIPLR FPNMS S IRFHSPOS SO QL>R JQEOS JS JPCQLPKR ISMRB ASPOQ< 2HQLMGLR J9POPLQ HQL JGQ LRERAAS I@Q @ROOP I@SGKP SN 8=41 IPO GO HRNFRLQK JR ?RL SOCSJSR RS HS >NRKPORMS RMNQMS SMRNSROS< 'RLNSRFP JQS :RHPLRNS 6SFPOQ 6R>>SPOS Q &SIPNROEQNP 0S #R>SPD Q??QMMSCS RNNR KQASPOQ OGPMP< &QNN9ROOP RHHQOR MLRKIPLKPD ELRASQ RNNQ OGFQLPKSKKSFQ R??QLFRASPOS ORB ASPORNS Q SOMQLORASPORNSD S JGQ ESPCROS MRNQOMS @ROOP HPKMP NQ >RKS HQL IPB KMLGSLQ GO HQLIPLKP MQIOSIP JS RNMP HLP?SNPD SO ELRJP JS ERLROMSLQ NPLP IPOILQB MQ PHHPLMGOSM/ JS HRLMQISHRASPOQ RS (SPI@S )NSFHSIS JS +SP JQ ROQSLP 8=4 < 0R +SIISPOQ R 0P@R SO GRMRLD HRKKROJP HQL 0PLMLQI@ OQS 'RQKS 7RKKS Q &ROI@SOP SO :SORD ;GQKMQ NQ HLSOISHRNS MRHHQ SO IGS S JGQ RAAGLLSOS @ROOP QOMGKSRKFRMP NQ HNRMQQ HS LR??SORMQ JQN OGPMP SMRNSROP QJ QKMQLPD RLLSII@QOB JP SN HLPHLSP HRNFRLQK JS 88 FQJRENSQ ORASPORNS Q 41 SOMQLORASPORNS< IRFHSPORMS SMRNSROS RKKPNGMS JS +SIISPOQ JQNNP KIPLKP RHLSNQ @ROOP ?RMMP JR MLRFHPNSOP R ;GQNNR I@Q KS LSCQNQL/ GOR KMRESPOQ JRENS RNMS IPOMQOGMS MQIOSIS GO FPFQOMP JS CQLS?SIR I@Q RLLSCRCR RN MQLFSOQ JS GOR NGOER Q FSOGASPKR HLQHRB LRASPOQ SOCQLORNQ Q I@Q KS % ?SORNSAARMR HQL 6SFPOQ 6R>>SPOS IPO GO 7LPOAP

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

D JR GO HRSP J9ROOS OGB FQLP 4 JQN $&( %( FPOJSRNQ ESPB CROS JQNNR KHRJR<

' ) '$!& &$ &(% '$ &

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

' % )(' & %)(% ' % ) &( ' ) % & %) ")!)

6DA5C>D 8C7:DA>D 81B 1C>>A :A;=A ;A@DC=9?C@B B >B8B;;C?DC 8A>=D>9D= C@@A ;:A?= C229??A B C 09B@@A <B@ /B>=?A :A?=D4 5A ";B?8D=A) ?C 09B;=D ?D8A?<DC7A 09C==?A C=@B=D D> 6?C<A <D 8A>09D;=C?B C @D5B@@A B94 ?A:BA D7:A?=C>=D C((B?7C2DA>D :C?4 @DC7A <B@ A@A>=C?DA C@B?DA %?C;4 ;B@@D <B@@C ;B2DA>B #% " $% 7A4 <B?>A3 <B@ :B;D;=C3 D@ /C:A?C@B .D4 81BC@ D %D9;=A B <BD :C?D 6?C<D /?D4 ;=D>C %C;:C B .C?A9C> C2D>B3 <B@@B ;B2DA>D "# $% $ B C=@B=D8C) @ :?D7A3 >B@ 8A?;A <B@ '! 3 A@=?B C ;C@D?B ;9@ =B?2A 6?C<D>A <B@ :A4 <DA <B6@D D=C@DC>D C;;A@9=D3 @A ;8A?;A 6D96>A C .D>;& +*DB@A?9;;DC, 1C 8A>09D;=C=A 9> #?6B>=A B9?A:BA %!$ >B@@C ;:B8DC@D= <B@@C ;=C((B=4 =C C@ :C?D <B@ 6DA5C>B C=@B=C <B@ ;A@@B5C7B>=A :B;D3 :?A=C6A>D;=C3 D> >A5B7-?B C D7C;;A@ +/D:?A,3 <D 9> ;B8A><A :A;=A >B@@C :?A5C <B@@A ;@C>8DA B <D 9> *?A>2A D> 09B@@C <B@@A ;=?C::A =?C D ' &6) /1D9<A>A @C ?C;;B6>C @C 6DA5C>D;;D4 7C /?D;=D>C %C;:C3 C>81$B;;C C?=B4 (D8B <D 9> ;B8A><A :A;=A =?C D ' &6 C6@D B9?A:BD % # ' <D >>;-?98& +#9;=?DC, >B@ "# $% $ @A ;8A?;A ;B==B7-?B3 B <B@@C :?A7B;;C <B@@C ;:B8DC@D= <B@ (A><A3 .C?A9C> C2D4 >B3 ;:@B><D<A *?A>2A C ;09C<?B C6@D B9?A:BD <D $ <D A&A7A5 +*9@6C?DC, D> <D8B7-?B) > ;D>=B;D :A;;DC7A <D?B 81B C@@C @94 8B <B@@B >97B?A;D;;D7B 7B<C6@DB 8A>09D;=C=B ;9D 5C?D 8C7:D <D 6C?C >C2DA>C@D B D>=B?>C2DA>C@D3 D 6DA5C>D C=@B=D <B@ /B>=?A :A?=D4 5A ";B?8D=A ;B7-?C>A 8A>(B?7C?B D> :DB>A @B C;:B==C=D5B 81B D@ " %" # #% <B@@$";B?8D=A 1C :?A>A;=D8C=A C@@C 5D4 6D@DC <B@ @A?A D>6?B;;A >B@@C A?2C #?7C=C) C ;=?C<C :B? B?B<D=C?B D@ =B;=D7A>B <BD 6?C><D 8C7:DA>D 8A7B C?C /C?<D>3 "?D&C B??CDA@D3 "5C B81>B?3 .C?C C4 5C??DC3 C>DB@B .B988D3 #6A;=D>A A<=D C@=?D :B? C>8A?C @9>4 6C3 7C @B :?B7B;;B 8D ;A>A =9==B) 9D><D C5C>=D 8A; ?C6C22D3 A4 & A '!'! 5D C;:B==C <C 6?C><D :?A=C6A>D;=D #%#% # $ $%%# $

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

&6 /8 /6-6227 48 018'7471 +52* /7846 ,8008 82-!6 /8448 /7)608 2644#8415 /67 -7647 7 8607 6.35,67 /5"36''635 )7284+6216 -8,736 -!6 252 ,5138225 06+,36 (.83/836 "6305 4#8415 0,6382/5 26448 '.528 016448 &16)825 60,8

%!'%" & ' '%%& ) & )( &15378 /6448 %( ' "#& ) )'%)( ' &( $ (* ( " #' $ ( , EKG=M>M EK?GKIM :LHHJ DL EKA@GK MH<FBKH>LIJ F4MAAL?MHLGMJ CJFFKIIM=J9 5FCBHM FM CJHEMDKGLHJ CJAK BH AJHDJ DM MHIGM?:M C:K L8MILHJ FL HJEIGL <LHILEML K LHMALHJ BHL EKGMK DM GJALH>M ?MLFFM; <MFA K CJAAKDMK9 )L 6BKEIM FL AL??MJG @LGIK DKFFK @KGEJHK ABIBLHJ FK FJGJ MH<JGAL>MJHM EBFF4 9 5FIGM FM =K7 DJHJ CJAK 6BLFCJEL DM MAAJGLFK; CLGLIIKGM>>LIM DL EK?GKIM K IGLDMAKHIM HKF HJAK DKM 6BLFM LFCBHM =KH?JHJ LBIJGM>>LIM L CJA@MKGK L>MJHM MFFKCMIK9 )4LFIGL @LGIK; M @GJ<KEEMJHMEIM DKFF4 @JGILHJ L=LHIM DM=KGEM J8MKIIM=M9 'EEM; MH<LIIM; CJHEMDKGLHJ M EKG=M>M EK?GKIM CJAK BH AJDJ @LGIMCJFLGK DM LC7 6BMEMGK MH<JGAL>MJHM BIMFM LF AJHDJ @JFMIMCJ9 *L MH 6BLFEMLEM AJDJ EMLHJ @KG7 CK@MIM; K=JCLHJ <JGIM @LEEMJHM EML MH C:M 1 L <L=JGK EML MH C:M 1 CJHIGJ9 ,H 6BKEIJ HBJ=J EL??MJ; 5HIJHKFFL 3JFJHHL MFLEM; BHJ DKM ALEEMAM KE@KGIM DKF EKIIJGK; CM @JGIL LFFL ECJ@KGIL DKF EKG=M>MJ DM @M HJIJ K @KG 6BKEIJN@M NMHIGM?LHIK NFLN3,59 -FM 2ILIM HMIM EJHJ EILIM @MBIIJEIJ FKHIM L DJILGEM DM BHL ILFK EIGBIIBGL LBIJHJ7 AL K MHDM@KHDKHIK DLM 3JG@M AMFMILGM 'EKGCMIJ; *LGMHL K 5KGJHLBIMCL J DLM DM@LGIMAKHIM MH CBM KGL DM=MEJ F4'EKCBIM=J EILIBHMIKHEK9 BKEIL FKHIK>>L >L MEIMIB>MJHLFK DKF ?J=KGHJ LAKGMCLHJ; EML LFFL ECLG7 EL @LGIKCM@L>MJHK DKF %LKEK LFFK =MCKHDK MHIKGHL>MJHLFM @KG 6BLEM IBIIJ MF , EKCJFJ9 5FFJ ECJ@@MJ DKFFL 2KCJHDL ?BKGGL AJHDMLFK; MF EMEIKAL DM LAKGMCLHJ GMEBFIL=L LHCJGL MHLDK?BLIJ; ILHIJ 1 =KGJ C:K FL ECJH<MIIL DM %KLGF LG8JBG =KHHK DKCGKILIL /MF <LFFMAKHIJ DKFF4 09 )L LFFJGL MH @JM IBIIK FK GM<JGAK DKM EKG=M>M MH<JGALIM=M LAKGMCLHM EM MHDMGM>>LGJHJ =KGEJ FL @GK=KH>MJHK DM BH HBJ=J LIILCCJ L EJG@GKEL DKF IKGGMIJGMJ EILIBHMIKHEK9

2 .6015 08((75 "62(525 60,5* 017 84-.27 /67 25/7 ,7 -3.-7847 /64* 48 015378 /6(47 &1817 2717 -63-82/5 /7 372138--7836 84 4535 7216325 45 0181.0 6 74 3.545 /6448 % %215* 26448 545228 74807

" &% #' )& &!!)%) "'%&# )

$$$

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

&78+5 )531.2817 -!6 74 6263846 /7 53,5 /#%3+818 753(75 8117* 017 $$$ 6 .28 (382/6 01537-8 6* /637-8 &8727 80825117 8''7825 .2715 46 )53 6 ,63 (83821736 48 +6* +5378 01537-8 /7 1846 ,6375/5 62$ 5!2 .1!63)53/ %4462

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

( LHHM DLFFL +M8KGL>MJHK; AKHIGK M IKEIMAJHM EK HK EILHHJ LHDLHDJ; 1 ?MB7 EIJ ELF=LGHK FL AKAJGML K GLCCJHILGK LM ?MJ=LHM CJE41 EILIL DL==KGJ FL &KEM7 EIKH>L; K DM 6BLFK <JG>L AJGLFK EJHJ EILIM CL@LCM M HJEIGM @LDGM9 $$

5008 74 +75 082(.6 063"736 ,63 37-5013.736 4#.271 71847828 6 ,63 37* ,531836 48 250138 16338 8 600636 5253818 6 017+818 264 +52/5 72* 1635 8,$ 382-5 84'70 /6-5* 3815 8 4 %48+672 6 ).-74815 /87 )80-7017 74 8,3746

L’INNOVAZIONE CONTINUA Negli anni Ottanta abbiamo inventato un nuovo modo di fare Tv. Nei Novanta l’abbiamo portata per primi su Internet. Oggi siamo pronti a una nuova rivoluzione: la più ampia offerta televisiva on-demand d’Italia. Per darti informazione, sport e spettacolo ai massimi livelli, da vedere quando e dove vuoi.

La tua Tv. Sempre più grande.