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7,$1$

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'03."5 /06 JOEE

&DVD P FRQ SDWLR P HQ &(1752 -XQWR $\WR K \ EXKDUGLOOD EDxRV \ DVHR FDOHIDF VDOyQ FRQ FKLPHQHD JDUDMH WRGD H[WHULRU PX\ VROHDGD ¼ 376

$7,&2 P 7(55$=$ P KDE FRFLQD RI¿FH DLUH IULR FDORU 08< 62/($'2 DVFHQVRU 'LVSRQLEOH -XOLR

¼ 376

&DVD D YLHQWRV FRQ SDUFHOD P YLYLHQGD FRQ KDE GREOHV 5()250$'$ SRVLEOH KDFHU SLVFLQD \ DPSOLDU HGL¿FDFLyQ 2&$6,Ï1 ¼ 376

025(5$

3LVR GH P -72 $0%8 /$725,2 KDE EDxRV VDOyQ P F VDOLGD D EDOFyQ FDOHIDF DVFHQVRU %8(1$ ',675,%8&,21 ¼ 376

0217*$7 3LVR GH P KDELWD FLRQHV (;7(5,25 EDxR \ DVHR VDOyQ F VDOLGD D EDOFyQ FDOHIDFFLyQ DVFHQVRU %,(1 &216(59$'2 ¼

%8)$/¬

%DMRV P -$5'Ë1 P KDE VXLWWH FDOHIDF EDUEDFRD ¿QFD 32&26 $f26 WRGR H[WHULRU ¼ 376

&$1<$'2

&DVD FRQ 08&+$6 326, %,/,'$'(6 GH P -$5',1 GH P KDE WUDVWHUR SDUNLQJ ¼ 376

È7,&2 P 7(55$=$ P KDE EDxR \ FRFLQD DFDEDGRV GH UHIRU PDU ODYDGHUR ),1&$ &21 $6&(1625 &(5&$ $<817$0,(172 ¼ 376

320$5 3LVR 72'2 (;7(5,25 FRQ KDELWDFLRQHV DOWXUD UHDO FRFLQD GH UREOH DLUH IULR FDORU WROGRV /,672 3$5$ (175$5 $ 9,9,5 ¼ 376

&(175(

%8)$/¬

3LVR P KDE EDxR \ FRFLQD UHIRUPDGRV VDOyQ F VDOLGD D EDOFyQ FDOHIDFFLyQ ¿QFD FRQ DVF -72 $0%8/$725,2 08< 62/($'2 ¼ 376

727 %DGDORQD

6$17 $'5,¬

&$6$*(0(6 3LVR 18(92 $ (675(1$5 FRQ KDE VXLWWH EDxR \ DVHR FRFLQD VXSHU HTXLSDGD VDOyQ LQGHS P FDOHIDF DVF 72'2 (;7(5,25 =RQD FRPXQLWD ULD FRQ SLVFLQD 3$5.,1* ,1&/ ¼ 376

DFWXDOLWDW

3ROÍWLFD

$BSMFT 5PSOFSP

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J BGFHFJY iBRVFTU SFTVMUBU ÏT TFO[JMMBNFOU FTDBOEBMØTw 4FHPOT MB EJSJHFOU E &TRVFSSB 6OJEB FM SFTVMUBU ÏT BRVFTU B DBVTB EFMT DSJUFSJT EF WBMPSB DJØ iBUÓQJDT J FYUSBWBHBOUTw EF M "KVOUBNFOU FO M BEKVEJDBDJØ FO RVÒ FT QSFNJBWFO BMUSFT DPODFQUFT DPN iNJMMPSFT EFM QSPKFDUFw QFS TPCSF EF MB NË E PCSB VUJMJU[BEB 6OT DSJUF SJT RVF TFHPOT (BSDJB iOP T IBO EPOBU FO DBQ NVOJDJQJ EFM #BSDFMPOÒTw %F GFU B M BSUJDMF E JOUFSOFU IUUQ BTVOHBSDJBCBEBMPOB CMPHTQPU DPN FT DPNQB SFO FMT DSJUFSJT EF #BEBMPOB BNC FMT EF #BSDFMPOB PO FT WBMPSBWB QFS TPCSF EF UPU FM WPMVN E PCSB RVF T VUJMJU[BSË -B EJSJHFOU EFM HSVQ NVOJDJ QBM E *$7 &6J" DSFV RVF B #BEBMPOB iBMHVOB DPTB PMPSB B QPESJUw

t "TVO (BSDJB DPPSEJOBEPSB MPDBM E &6J" J SFHJEPSB EF M "KVOUBNFOU EF #BEBMPOB

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TFT TJOØ RVF i$J6 OP UJOHVJ MMPD FO VO NJUKË EF DPNVOJDB DJØ QÞCMJD UBO JNQPSUBOU QFS BM QPCMFw - FTDSJU DPODMPV SFDPS EBOU RVF $J6 ÏT M ÞOJD QBSUJU B M PQPTJDJØ EF M "KVOUBNFOU EF .POUHBU J FU[JCB B M FRVJQ EF HPWFSO RVF VTB FM CVUMMFUÓ QFS GFS iQSPQBHBOEB QSÛQJBw

M FTQBJ RVF UFOJFO QFS GFS FMT TFVT FTDSJUT FSB EF SBUMMFT J RVF BSB iFM HPWFSO IB EFDJEJU TFOTF JOGPSNBS B M PQPTJDJØ DPN BDPTUVNB B GFS RVF TJ HVJ EF SBUMMFT B QBSUJS EFM NFT EF NBSÎw 4FHPOT MB GFEFSBDJØ OBDJPOBMJTUB MB SBØ E BRVFTUB SFEVDDJØ OP ÏT SFEVJS EFTQF

-B CBEBMPOJOB "SPB "SBV[P ÏT MB OPWB 4FDSFUËSJB E 0SHBOJU[BDJØ EF MB +4$ -B CBEBMPOJOB "SPB "SBV[P EF BOZT IB FTUBU FTDP MMJEB DPN B OPWB 4FDSFUËSJB E 0SHBOJU[BDJØ EF MB +PWFOUVU 4PDJBMJTUB EF $BUBMVOZB FO FM Ò $POHSÏT DFMFCSBU B 7JMBEFDBOT &O BRVFTU TFOUJU FM 1SJNFS 4FDSFUBSJ EFM 14$ J BMDBMEF EF #BEBMPOB +PSEJ 4FSSB IB WBMPSBU iMB JODPSQPSBDJØ EF

1PMÓUJDB JOEE

QFSTPOFT KPWFT J OPVT NFN CSFT BMT ÛSHBOT EF EJSFDDJØ TPDJBMJTUFTw "RVFTUB CBEBMP OJOB ÏT B NÏT MB QSJNFSB EP OB RVF PDVQB BRVFTU DËSSFD FO NÏT EF BOZT E IJTUÛSJB "SBV[P NJMJUB B MB +4$ EFT EF J KB WB TFS 4FDSFUËSJB E 0SHBOJU[BDJØ EF M "HSVQBDJØ EF #BEBMPOB J EF MB 'FEFSBDJØ EFM #BSDFMPOÒT /PSE

t "SPB "SBV[P

727 %DGDORQD

& 0$57Ì 38-2/ %$'$/21$

2%5$ 18(9$ & -2&6 )/25$/6

2%5$ 18(9$ & *8,)5e

)DQWiVWLFRV SLVRV GH HQWUHJD LQPHGLDWD $PSOLRV VDORQHV GRUPLWRULRV DPSOLRV EDxRV &RFLQDV RI¿FH \ HTXLSDGDV 6XHOR GH PiUPRO &OLPDOLW $LUH DFRQGLFLRQDGR \ FDOHIDFFLyQ LQG D JDV 7RGRV H[WHULRUHV *UDQGHV WHUUD]DV \ VRODULXP 3DUNLQJ RSFLRQDO (175(*$ ,10(',$7$ 35(&,26 ½

%$'$/21$ &(1752 ÒOWLPRV SLVRV \ KDE \ iWLFR F JUDQ WHUUD]D $ $ ERPED FDORU &OLPDOLW &RFLQD HTXLS 9pDORV VLQ FRPSURPLVR )DFLOLGDGHV GH ¿QDQFLDFLyQ SiJXHOR FRPR DOTXLOHU (175(*$ ,10(',$7$ 35(&,26 KDE ½ KDE WRGR H[W \ EDxRV ½ $WLFR KDE EDxRV \ JUDQ WHUUD]D ½

-72 6$/(6,$126 %$'$/21$ &(1752 3LVRV GH \ KDE $FDEDGRV FDOLGDG ([W D FDOOH 0X\ VROHDGRV &OLPDOLW $ $ ERPED GH FDORU 3OD]DV SDUNLQJ RSF (175(*$ ,10(',$7$ 35(&,26 /RIW KDE ½ 3LVR KDE ½ 3LVR KDE \ JUDQ WHUUD]D SOD]D SDUNLQJ ½

2%5$ 18(9$ 5,(5$ 6$17 -25', 0217*$7

-8172 5(1)( 021*$7 3LVRV GH KDELWDFLRQHV H[WHULRUHV VRODULXP 3ODQWD G~SOH[ KDELWDFLRQHV \ EDxRV DVHR \ JUDQ WHUUD]D $FDEDGRV GH H[FHOHQWH FDOLGDG 9LVWDV PX\ DJUDGDEOHV ([FHOHQWH ]RQD MXQWR DO PDU 3DUNLQJ \ WUDVWHUR RSFLRQDOHV (175(*$ ,10(',$7$ 35(&,26 KDE VR ODULXP ½ '~SOH[ KDE \ JUDQ WHUUD]D ½ 2%5$ 18(9$ & %$/'20(52 62/ 2%5$ 18(9$ -72 0*,& %'1

%$'$/21$ &(1752 3LVRV GH \ KDE JUDQGHV WHUUD]DV )LQFD REUD YLVWD $FDEDGRV GH FDOLGDG $ $ ERPED GH FDORU 3OD]DV GH SDUNLQJ RSFLRQDO HQ OD PLVPD ¿QFD (',),&,2 (1 &216758&&,Ï1 35(&,26 'HVGH ½ KDE ½ KDE ½ KDE \ JUDQ WHUUUD]D

3LVRV KDE FRQ VRODULXP 3LVRV KDE FRQ VRODULXP 3ODQWDV G~SOH[ \ KDE FRQ WHUUD]D \ HQWUDGD LQGHS $FDEDGRV GH FDOLGDG 0X\ EXHQDV YLVWDV (175(*$ ,10(',$7$ 35(&,26 KDE \ WHUUD]D ½ KDE VRODULXP ½ 3ODQWD EDMD LQGHSHQGLHQWH JUDQ WHUUD]D ½

6L HV XVWHG 35202725 OOiPHQRV \ KDEODPRV

2%5$ 18(9$ & 0$5,1$

-72 5(1)( %$'$/21$ &(1752 ÒOWLPRV SLVRV GH KDE ORIW KDE FRQ JUDQ WHUUD]D \ iWLFRV KDE FRQ DPSOLD WHUUD]D 0X\ EXHQRV DFDEDGRV $ $ ERPED GH FDORU &DMD GH VHJXULGDG &OLPDOLW &RFLQD HTXLSDGD (',),&,2 (1 &216758&&,Ï1 35(&,26 KDE \ WHUUD]D ½ ORIW ÉWLFRV KDE WRGR H[W \ DPSOLD WHUUD]D ½ 3O EDMD PX\ DPSOLD KDE \ EDxRV JUDQ WHUUD]D ½

ZZZ P LQWHJUDO FRP

727 %DGDORQD

. *OUFHSBM QBH JOEE

RSLQLÓ

DPE YHX SUÒSLD &M #MVFT J 3JUNFT J MB DPOOFYJØ FVSPQFB

%F MB 0WJFEP $VQ B MB #BEBMPOB $VQ

0SJPM -MBEØ CMPDT NFTWJMBXFC DBU BMCVNEFSFUBMMT PSJPMMMBEP DBU

-PSFO[P .FSDIÈO MPSFO[PNFSDIBOHPO[BMF[ CMPHTQPU DPN

"RVFTU NFT E BCSJM UÏ MMPD FM #MVFT J 3JUNFT ÏT M FEJDJØ EFMT WJOU BOZT QFSÛ OP MB WJOUFOB FEJDJØ EFM GFTUJWBM DPOWFSUJU FO DJDMF FO FMT ÞMUJNT BOZT %JGFSFOUT JOUFSSVQDJPOT IBO BGFDUBU IJTUÛSJDBNFOU FM #MVFT J 3JUNFT RVF NBMHSBU UPU IB TBCVU NBOUFOJS VOB JNBUHF EF NBSDB J VO QSFTUJHJ GPSÎB TPSQSFOFOUT BUFTB MB GBMUB EF DPOWJDDJØ EFM QSPQJ BKVOUBNFOU FO M BWFOUVSB J FM NPMU NPEFTU QSFTTVQPTU RVF IJ IB EFTUJOBU 3JUNF BOE $MVC BTTPDJBDJØ EF MB RVBM GPSNP QBSU T FODBSSFHB EF MB QSPHSBNBDJØ EFM GFTUJWBM J E BMUSFT NPMU EJWFSTFT UBTRVFT &O FM NFOÞ E BRVFTU BOZ CSJMMFO EF OPV OPNT EF HSBO WËMVB BSUÓTUJDB FO BDUVBDJPOT FYDMVTJWFT J NPMU FTQFSBEFT J RVF KB IBO DPNFOÎBU B TJUVBS FM OPN EF #BEBMPOB FO EFTFOFT EF NJUKBOT .F 4IFMM /EFHFPDFMMP WB PCSJS GPD BNC FM TFV TPVM E BVUPS SBEJDBMNFOU DPOUFNQPSBOJ J %BO ;BOFT WB DPOWFSUJS FM UFBUSF FO VOB GFTUB QFS B HSBOT J QFUJUT VOT EJFT NÏT UBSE "RVFTU EJTTBCUF TFSË FM UPSO EF MB DBEFODJPTB 0SDIFTUSB #BPCBC &M #MVFT J 3JUNFT FT EFmOFJY QFS MB TJOHVMBSJUBU EF MFT TFWFT BQPTUFT 1FSÛ IJ IB VOB RàFTUJØ RVF WPMESJB EFTUBDBS J RVF TPWJOU QBTTB NÏT EFTBQFSDFCVEB "RVFTU NFT E BCSJM EVFT EF MFT RVBUSF BDUVBDJPOT EFM DJDMF CBEBMPOÓ UBNCÏ IBO FTUBU QSPHSBNBEFT FO EPT EFMT FRVJQBNFOUT NÏT QSFTUJHJPTPT EFM NØO FM #BSCJDBO EF -POESFT EFEJDB MB QPSUBEB EF MB TFWB OFXTMFUUFS E BCSJM B M 0SRVFTUSB #BPCBC J FM 3PZBM 'FTUJWBM )BMM JODMÛT EJOT M FTQFDUBDVMBS 4PVUICBOL $FOUFS EF MB NBUFJYB DJVUBU EFTUBDB FO FM TFV QSPHSBNB EF QSJNBWFSB M BDUVBDJØ EF %BO ;BOFT 6O J BMUSF QBTTFO QFS #BEBMPOB BRVFTU NFT E BCSJM DPN BRVFMM RVF OP WPM MB DPTB EFTQSÏT EF USJPNGBS BM #BSCJDBO J BM 3PZBM 'FTUJWBM )BMM .F 4IFMM /EFPHÏDFMMP RVF WB PCSJS FM DJDMF FM E BCSJM WB FTUBS FO EVFT EBUFT BNC TPME PVU BM SFGFSFODJBM +B[[ $BGÒ EF -POESFT J EFTQSÏT EFM ;PSSJMMB WB WPMBS DBQ B M "VEJUPSJVN 1BSDP EF MB .VTJDB EF 3PNB "MCFSU 1VJH WB FTDSJVSF BM 5JNF 0VU M BOZ QBTTBU VO FOHSFTDBEPS J DSFD RVF KVTU SFHBM FO GPSNB E FTMÛHBO OJOHÞ GB FM RVF GB FM #MVFT J 3JUNFT BM ;PSSJMMB * BJYÛ UBNCÏ WBM QFS BRVFTU BOZ DSFD

0QJOJP JOEE

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727 %DGDORQD

JXLD VHUYHLV

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$0-- * 16+0- #"%"-0/"

6'NÇ(105 $#&#.10# r "+6/5".&/5 $FOUSBMFUB r (6®3%*" 63#"/" 6SHÒODJFT .04404 % &426"%3" 6SHÒODJFT #0.#&34 (&/&3"-*5"5 6SHÒODJFT .04404 % &426"%3" $PNJTTBSJB (6®3%*" 63#"/" $PNJTTBSJB 10-*$*" /"$*0/" $PNJTTBSJB )041*5"- .6/*$*1"- )041*5"- $"/ 365* 5"9*4 #²56-0 4&37&* % "5&/$*» $*65"%"/" "5&/$*» 7*0-µ/$*" %0.µ45*$"

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0'&35"4 %& 1*404 &/ 7&/5"

NC ZCTZC

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