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" MB UFSUÞMJB EF MB SËEJP MP DBM 4BHVÏT T IB QSPOVODJBU TPCSF MB RàFTUJØ UPU J RVF KB IB BWBOÎBU RVF TJ FM QSPKFDUF BSSJCB BM 1MF FMM FT NBOUJOESË BM NBSHF QFS NPUJVT ÒUJDT 4B HVÏT OP EVCUB RVF MB 1FOZB IB EF UFOJS BKVU JOTUJUVDJPOBM i"NC FM RVF DPTUB RVF #B EBMPOB TVSUJ FO QPTJUJV B MB QSFNTB MB 1FOZB M IFN EF DVJEBS QFSRVÒ EØOB OPN B MB DJVUBUw &M MÓEFS E *$7 &6J" J SFTQPO TBCMF EF M ËSFB TPDJBM EF MB 1FOZB OP BNBHB QFSÛ RVF FM QSPKFDUF EF M FTDPMB iUÏ VOFT DPOOPUBDJPOTw RVF MJ BHSBEFO J RVF iT IBVSJFO EF EPOBS BMUSFT WJFT EF DPMtMBCPSBDJØw BNC MFT JOTUJUVDJPOT QÞCMJRVFT

&M 11 UPSOB B GPSÎBS VO QMF FYUSBPSEJOBSJ TPCSF FM DBOBM (PSH t &M 1BSUJU 1PQVMBS IB TPMtMJDJUBU QFS TFHPOB WFHB EB MB DPOWPDBUÛSJB E VO 1MF FYUSBPSEJOBSJ QFS QBSMBS EF MB QPTTJCMF TVQSFTTJØ EFM DBOBM EFM QPSU 3F D PS E F N R V F Q F M GFU E F D P N Q U B S B N C V O B R V BS U B QBSU EFMT SFHJEPST FM HPWFSO UÏ M PCMJHBDJØ EF DPOWPDBS MP FO EJFT DPN B NËYJN 727 %DGDORQD

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EF #BEBMPOB +PSEJ 4FSSB IB SFTQPTU BM 11 MBNFOUBOU RVF iMB SFTQPTUB EFM 11 B MB NFWB WPMVOUBU QÞCMJDB EF DFS DBS DPOTFOT TPCSF BRVFTUB RàFTUJØ TJHVJ VO DPQ NÏT MB EF QPMJUJU[BS J QPTBS QBMT B MFT SPEFT 'PSÎBS VO QMF FYUSBPSEJOBSJ OP DPOUSJCVFJY B USPCBS MB NJMMPS TPMVDJØ B VO UFNB UBO DPNQMFYw

&M QSFTJEFOU QPQVMBS 9BWJFS (BSDÓB "MCJPM WPM TBCFS iTJ MB TVCTUJUVDJØ EFM DBOBM QFS VO QBSD VSCË ÏT WJBCMF P OP FDPOÛNJDBNFOU J RVJOB SF QFSDVTTJØ UJOESJB BRVFTUB PQDJØ QFS B MFT CVUYBRVFT EFMT CBEBMPOJOTw J JOTUB 4F SSB B QSFTFOUBS FMT FTUVEJT FODBSSFHBUT BSB GB VO BOZ 1FS MB TFWB CBOEB M BMDBMEF

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&M EJNPOJ EF MB DSJTJ QMBOUBU B MB QMBUKB FTQFSB TFS DSFNBU /J MB DSJTJ BDUVBM OJ DPN EJVFO BMHVOT MB HSJQ QPSDJOB TBMWBSË RVF FM EJNPOJ TJHVJ DSFNBU B MB QMBUKB EF #BEBMPOB MB OJU E BRVFTU EJVNFOHF &M TFV DPOTUSVDUPS 3BNØO EF MPT )FSPT J FM TFV FRVJQ WBO FTUBS HBJSFCÏ UPU VO EJB QFS NVOUBS MP 1FS DFSU RVF MB QSJNFSB OJU RVF FTUBWB QMBOUBU WB DBVSF VO CPO YËGFD E BJHVB B MB DJVUBU VO GFU RVF KB ÏT UPUB VOB USBEJDJØ EF MFT 'FTUFT EF .BJH

-B 'FTUB EFM #BEJV PNQMF EF HSFTDB FM

1BSD EF $BO 4PMFJ &M QSJNFS BDUF EF MFT 'FTUFT EF .BJH UPU J RVF FOHVBOZ T IB SFBMJU[BU BCBOT EFM QSFHØ IB FTUBU UPU VO ÒYJU EF QÞCMJD &M CPO UFNQT J MFT BMUFT UFNQFSBUVSFT WBO BDPNQBO ZBS BRVFTU EJVNFOHF QFS HBVEJS EF MB 'FTUB EFM #BEJV +PDT UBMMFST QBSBEFUFT E VOB USFOUFOB E FOUJUBUT EJOBS QPQVMBS J MB USBEJDJPOBM UØNCPMB WBO GFS HBVEJS B HSBOT J QFUJUT

6T BOJNFN B QFOKBS FMT NPDBEPST B DBTB WPTUSB 5PU J RVF NBJ T IB JNQVMTBU QÞCMJDBNFOU NPMUT DJVUBEBOT EF #BEBMPOB QFOHFO EFT EF GB BMHVOT BOZT FMT TFVT NPDBEPST B CBMDPOT UFSSBT TFT J mOFTUSFT EVSBOU FMT EJFT EF GFTUFT 4 IB EF EFTUBDBS RVF NPMUT CBEBMPOJOT DPMtMFDDJPOFO DBEB BOZ FM NPDBEPS RVF SFDPSEFN UÏ VO DPMPS EJGFSFOU %FT E BRVÓ VOT BOJNFN B MMVJS FM NPDBEPS OP OP NÏT BM WPTUSF DPMM TJOØ UBNCÏ B DBTB WPTUSB 6OB CPOB NBOFSB EF DSFBS NÏT BNCJFOU EF GFTUB

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727 %DGDORQD

727 %DGDORQD

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727 %DGDORQD

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UFT EF MFT 'FTUFT %FT EF MB EJBEB EF 4BOU "OBTUBTJ m OT B MB SJDB QSPQPTUB EF NÞTJDB EF UFBUSF J EF DVMUVSB QPQVMBS J USBEJDJPOBM +VOUT UBNCÏ DPNQBSUJSFN FOUSF E BMUSFT FMT DPODFSUT B MB 1MBOB J B MB QMBÎB EFM $FOUFOBSJ MFT NJHBT J M FOUSBOZBCMF OJU PO FM GPD FMT DPMPST J MB NÞTJDB EF MB $SFNBEB EFM %JNPOJ FOT GBSË SFDPSEBS RVF TPN J FOT TFOUJN VOB TPMB DJVUBU

EJFT B SFMFHBS MFT EJm DVMUBUT J QPTBS B M BMÎB FMT WBMPST EF MB DPOWJWÒODJB J EF MB DVMUVSB

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.ÏT RVF NBJ FOT DBM HBVEJS EFM OPTUSF TFOUJNFOU EF DJVUBU J EF MB DPOm BOÎB FO OPTBMUSFT NBUFJYPT FMT NJUKBOT EF DP NVOJDBDJØ IJ DPOUSJCVÕV J IP GFV QPTTJCMF .PMUT E BRVFTUT WBMPST FT DPOTPMJEFO QFS NJ UKË E BRVFTUFT GFTUFT RVF GBO DJVUBU J FOT VOFJYFO

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3LVR GH KDE GREOHV EDxR \ FRFLQD FRQVHUYDGRV EDOFyQ $/72 < &21 $6&(1625 ,'($/ 3$5(-$6 ¼ 376

&(175( $SDUWDPHQWR HVWXGLR P & 35,0 KDE FRFLQD HTXLSDGD ¿QFD SRFRV YHFLQRV FRQ DVFHQVRU 683(5 =21$ ¼ 376

%8)$/3LVR GH P KDELWDFLRQHV EDxR \ FRFLQD UHIRUPDGRV VDOyQ GH P HQ DPELHQWHV DLUH IULR FDORU 72'2 (;7(5,25 %8(1$ =21$ ¼ 376

6$17 $'5,¬

3LVR 72'2 (;7(5,25 GH KDE FRFLQD DPSOLDGD F ODYDGHUR VDOyQ P VXHOR QXHYR GH JUHV DLUH IULR FDORU /,672 3$5$ (175$5 $ 9,9,5 ¼ 376

//(),¬

3LVR HQ '5 52%(57 KDE H[W FRFLQD \ EDxR VDOyQ F EDOFyQ EXHQD GLVWULE %,(1 &21 6(59$'2 -WR ,QGHSHQGHQFLD ¼ 376

&21*5e6 È7,&2 P 7(55$=$ P KDE EDxR \ FRFLQD DFDEDGRV GH UHIRU PDU ODYDGHUR ),1&$ &21 $6&(1625 &(5&$ $<817$0,(172 ¼ 376

&(175( 3LVR P -8172 35(6,'(17 &203$1<6 KDE VDOyQ P $ 5()250$5 $ 68 *8672 ¼ 376

'$/7 /$ 9,/$

3LVR 72'2 (;7(5,25 FRQ KDE VDOyQ LQGHSHQGLHQWH $6&(1 625 DPXHEODGR \ FRQ HOHFWURGRPpVWL FRV -8172 0! \ 75$0%$,; ¼ 376

$SDUWDPHQWRV 18(926 $ (675( 1$5 GH KDE EDxR F SODWR GXFKD FRFLQD HTXLS F HOHFWURGRP JUDQ VDOyQ P DLUH IUtR FDORU ,03(&$%/(6 ¼ 376

/$ &215(5,$

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3LVR GH P KDE EDxR \ FRFLQD UHIRUP VDOyQ F VDOLGD D EDOFyQ DLUH F ERPED GH FDORU DVFHQVRU 3,62 ,03(&$%/(

¼ 376

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

&$6$*(0(6

%8)$/¬

&DVD P EXKDUGLOOD KDE FRFLQD RI¿FH FRQ SDWLR FDOHIDF 683(5 =21$ GLYLGLGD HQ SO EDMD SLVR \ EXKDUGLOOD ¼ 376

& 6$17,$*2 586,1<2/

&DVD GH P HQ SODQWDV KDE GREOHV EDxR \ DVHR FRFLQD GHVSHQVD VDOyQ P SHTXHxR SDWLR FDOHIDFFLyQ ¼ 376

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3LVR GH P -72 $0%8 /$725,2 KDE EDxRV VDOyQ P F VDOLGD D EDOFyQ FDOHIDF DVFHQVRU %8(1$ ',675,%8&,Ï1 ¼ 376

È7,&2 'Ò3/(; 6(0, 18(92 P WHUUD]D P KDE GREOHV \ EXKDUGLOOD P FDOHI WHUUD]D DFFHVR VDOyQ \ FRFLQD DVFHQVRU 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)$/$

'$/7 /$ 9,/$

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

3LVR FRQ =21$ &2081, 7$5,$ &21 3,6&,1$ KDE EDxR \ DVHR VDOyQ LQGHS P FRQ EDOFyQ FDOHIDF DOWR \ FRQ DVF ¼ 376

6$172 &5,672

&$6$*(0(6

&DVD 6(0, 18(9$ 7(55$=$6 KDE GREOHV EDxR FRPSOHWR FRFLQD FRPHGRU VDOyQ HVWDU SDUNHW FDOHIDF \ D D /,67$ 3$5$ 9,9,5 ¼ 376

7,$1$

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

3LVR GH P KDE VXLWWH EDxR \ DVHR VDOyQ GH P F VDOLGD D EDOFyQ SDUNHW PiUPRO FDOHIDF DPXHEODGR DVF =21$ &20 & 3,6& 3. ,1&/

¼ 376

&DVD ,'($/ 3$5(-$6 KDEL WDFLyQ GH P EDxR GH SLH]DV FRQ SODWR GH GXFKD FRFLQD DELHUWD DO VDOyQ SHTXHxR SDWLR -8172 +263,7$/ ¼ 376

025(5$

%8)$/¬

3LVR -8172 /$ 5$0%/$ \ 3/$<$ KDE 5()250$'2 FDOHIDF \ DLUH DFRQG 683(5 =21$ /LVWR SDUD YLYLU ¼ 376

2&$6,Ï1 3LVR P \ KDE EDxR F SODWR GH GXFKD SHTXHxR WUDVWHUR DVFHQVRU SUHFLVD UHIRUPDV HQ JHQHUDO 3,62 &21 08&+$6 326,%,/,'$'(6 ¼ 376

%8)$/¬

&(175(

3LVR GH P \ KDE GREOHV EDxR \ FRFLQD UHIRUPDGRV VDOyQ P VXHOR QXHYR GH JUHV FDOHIDF DLUH IULR FDORU DVFHQVRU -72 %,%/,27(&$ ¼ 376

&$1<$'Ï

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

&(1752

&DVD GH P 3$7,2 P 7(55$=$ P KDE VXLWWHV

EDxRV DVHR DLUH F ERPED GH FDORU JDUDMH SDUD FRFKH 18(9$ $ (675(1$5

¼ 376

727 %DGDORQD

1MBOUJMMB#BTF JOEE

727 %DGDORQD

1MBOUJMMB#BTF JOEE

1MBOUJMMB#BTF JOEE

727 %DGDORQD

727 %DGDORQD

1MBOUJMMB#BTF JOEE

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F T 'FTU T F O P # BJH EF .

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727 %DGDORQD

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t 3FWFTUJNJFOUP NPOPDBQB

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t &TUVDPT B MB DBM

t "JTMBNJFOUP JOUFHSBM

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t 1SPUFDDJØO QFTBEB

t 1SPUFDDJØO MJHFSB

t 1SPUFDDJØO FMÈTUJDB $POTUSVDDJØO FO HFOFSBM

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t 1SPZFDUPT Z EJSFDDJØO EF PCSB

t 5SBNJUBDJØO EF QFSNJTPT Z TVCWFODJPOFT

t %JBHOØTUJDP EF 1BUPMPHÓBT FTUSVDUVSBMFT

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r 1FSTJBOBT FO "MVNJOJP UÏSNJDP Z QMÈTUJDP r 7JESJP EF DÈNBSB $MJNBMJU B×PT HSBOUÓB

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t 1JOUVSB FO DPNVOJEBEFT Z EPNJDJMJPT QBSUJDVMBSFT t .POUBKFT EF DPMFDUPSFT UÏSNJDPT t .POUBKFT EF QMBDBT TPMBSFT t $PMPDBDJØO EF UPMEPT FO UFSSB[BT Z CBMDPOFT t "OUFOBT 5%5 t .POUBKFT F JOTUBMBDJØO EF BTDFOTPSFT t $POTUSVDDJØO Z NBOUFOJNJFOUP EF QJTDJOBT t $POTUSVDDJØO Z NBOUFOJNJFOUP EF KBSEJOFT

1SFTVQVFTUPT TJO DPNQSPNJTP t $POUBNPT DPO PGJDJOB UÏDOJDB /VFTUSPT USBCBKPT FTUÈO HBSBOUJ[BEPT TFHÞO MB OPSNBUJWBT WJHFOUFT 5FM t 'BY t .WM t XXX EBMEBV DPN

727 %DGDORQD

Η/ŵŵŽďůĞƐ Ă ƉƌĞƵƐ ĚΖŽƉŽƌƚƵŶŝƚĂƚ Ž ďĠ ĚΖŝŶǀĞƌƐŝſΗ &/EYh ^ E s E &/E E s E ͬ D Z ϭϯϱ ŵϮ͘ ŵĠƐ ƉůĂŶƚĞƐ͘ ƉƚĞ ŶĞŐŽĐŝ ŵŽůƚ ƌĞƉƌĞƐĞŶƚĂƟƵ͘ ^ E s E ^ Ed D ZKE ͘ WůĂŶƚĂ ĂŝdžĂ н Ϯ ƉŝƐŽƐ͕ ϯϬϬŵϮ͕ ĞŶ ϯ ƉůĂŶƚĞƐ͘ ϯ ŚĂď͕͘ dĞƌƌĂƐƐĂ ϰϱŵϮ͘ WĂƌŬŝŶŐ ϰϬ ŵϮ͘

&/E E s E s͘ >&KE^K y// WůĂŶƚĂ ĂŝdžĂ н Ϯ ƉůĂŶƚĞƐ͘ ^ƵƉĞƌĮ͘ dŽƚĂů ϰϬϬ ŵϮ͘

&/E E s E ŶƚŽŶ ZŽŵĞƵ Ͳ ǀ͘ DĂƌơ WƵũŽů ϮϱϬ ŵϮ н ϲϬ ŵϮ ũĂƌĚş͘ WĞƌ ƌĞŚĂďŝůŝƚĂƌ͘

W/^K^ K Z EKs >>K'h Z

ǀ͘ DĂƌơ WƵũŽů ϵϬ ŵϮ͕͘ ϯ ŚĂď͕͘ Ϯ ďĂŶLJƐ͕ dĞƌƌĂƐƐĂ ϮϮ ŵϮ ͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘ϵϱϬ ΦͬŵĞƐ͘ Wů͘ ƌŶĞƐƚ >ůƵĐŚ ϳϱ ŵϮ͕͘ Ϯ ŚĂďŝƚĂĐŝŽŶƐ͕ Ϯ ďĂŶLJƐ͕ ƚĞƌƌĂƐƐĂ ǀŝƐƚĞƐ ŵĂƌ ͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘ϭ͘ϬϬϬ ΦͬŵĞƐ͘ d/ Ͳ ƷƉůĞdž ϭϬϬ ŵϮ͘ ϯ ŚĂď͕͘ Ϯ ďĂŶLJƐ͕ dĞƌƌĂƐƐĂ ϰϬ ŵϮ͘ ͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘ϭ͘ϮϬϬ ΦͬŵĞƐ͘ /'E ^/ /'> ^/ ^ ϭϬϬ ŵϮ͕͘ ϰ ŚĂď͘ ϭ ďĂŶLJ͕ ϭ ĂƐĞŽ͘ dĞƌƌĂƐƐĂ ͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘ϭ͘ϬϬϬ ΦͬŵĞƐ͘ EdZ ϭϮϬ ŵϮ͘ ϰ ŚĂďŝƚĂĐŝŽŶƐ͕ Ϯ ďĂŶLJƐ͕ dƐƐĂ͘ ϭϬϱ ŵϮ͕͘ ĂůĐſ͕Ğdžƚ͕͘ƉŬ ͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘ϭ͘ϯϬϬ ΦͬŵĞƐ͘

^W dyK^ >>K'h Z

ͬ ZD >ŽĐĂů ĂƉƚĞ ĞƐƉĂƚdž ϱϬ ŵϮ͘ ŽŶ ĞƐƚĂƚ ͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘ϲϬϬ ΦͬŵĞƐ͘ d DW> >ŽĐĂů WůĂŶƚĂ /y ϮϬϬ DϮ ͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘ϯ͘ϬϬϬ ΦͬŵĞƐ͘

/&/ /^ / >K >^ KD Z / >^ E s E Ͳ >>K'h Z >K > E s E K Z EKs ͬ'h/&Z ϭϱϬ ŵϮ͘ WůĂŶƚĂ ĂŝdžĂ ŵĠƐ ĂůƚĞůů ϵϯ ŵϮ͘ >K > E s E ͬD Z/E ϯϱϬ ŵϮ͘ WůĂŶƚĂ ŝdžĂ͘ ƉƚĞ ĐŽŶƐƵůƚŽƌŝ ŵğĚŝĐ͕ ĐůşŶŝĐĂ ĚĞŶƚĂů͕ ĞƚĐ͘​͘​͘ /&/ / KD Z / > E s E ŽŶĂ ĞŶƚƌĞ͘ ŽƐƚĂƚ ũƵŶƚĂŵĞŶƚ͘ WůĂŶƚĂ ĂŝdžĂ н Ϯ ƉůĂŶƚĞƐ͘ ϯϮϬ ŵϮ͘

d DW> h>d/D^ ^W dyK^ ĐŽŵƉů͘ƌĞŚĂďŝůŝƚĂƚƐ ĚĞ ϰϬ ŝ ϲϬ ŵϮ͘ ƉĂƌƟƌ ĚĞ ϭ͘ϬϬϬ ΦͬŵĞƐ͘

E h^ /E h^dZ/ >^

EĂƵ /ŶĚƵƐƚƌŝĂů WŽů͘ Zŝďſ ϮϬϬ ŵϮ͕͘ WůĂŶƚĂ ďĂŝdžĂ н ϭϴϱ ŵϮ͘ KĮĐ͕ ŝŶƐƚĂůĂĐŝŽŶƐ ͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘ϭ͘ϱϬϬ ƵƌŽƐͬŵĞƐ͘ EĂƵ /ŶĚƵƐƚƌŝĂů WŽů͘ DĂŶƌĞƐă ϱϱϱ DϮ͕͘ ĚŝǀŝĚŝƚ ĞŶ ϯ ƉůĂŶƚĞƐ͘ Wů͘ďĂŝdžĂ ϮϮϬ ŵϮ ͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘​͘ Ϯ͘ϱϬϬ ƵƌŽƐͬ ŵĞƐ͘ EĂƵ /ŶĚ͘ WŽů͘ WKD Z ĚĞ >d EĂƵ ĚĞ ϲϬϬ ŵϮ͘ Wů͘ ĂŝdžĂ н ϯϬϬ ŵϮ͘ KĮĐ͘ н ϯϬϬ ĂůƚĞůů н ƉĂƟ ƉƌŝǀĂƚ͘ ϰ͘ϬϬϬ ΦͬŵĞƐ͘ /&/ / /E h^dZ/ > E Z/ K E s E ĚĞ ϮϰϬϬ ŵϮ͘ ƉƚĞ ŝŶĚƵƐƚƌŝĞƐ ĚĞ ŐƌĂŶ ƉƌĞƐƟŐŝ͘ EĂƵ /ŶĚƵƐƚƌŝĂů ĞŶ s E WŽůşŐŽŶ ĂŶ Zŝďſ͕ ϮϬϬ ŵϮ͕͘ н ϭϭϬ ŵϮ ĂůƚĞůů͘

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'FTUFT EF .BJH MB OPTUSB HSBO 'FTUB .BKPS -FT 'FTUFT EF .BJH KB TØO BRVÓ VO BOZ NÏT J FOHVBOZ UPU J RVF M "KVOUBNFOU EF #B EBMPOB TFNCMB OP SFDPSEBS IP DFMFCSFN FMT QSJNFST BOZT EF MFT 'FTUFT EF .BJH EFNPDSËUJRVFT )BO QBTTBU USFT EÒDBEFT QFS FYFNQMF EFM QSJNFS #BMM EFM .JDBDP PSHBOJU[BU QFS M "TTPDJBDJØ EF 7FÕOT EFM $FOUSF BNC VO ÒYJU TFOTF QSFDFEFOUT B MB 1MBÎB EFM 4PM J PO FMT CBEBMPOJOT UFOJFO HBOFT EF iDPORVFSJS FM DBSSFSw EFTQSÏT EF BOZT EF EJDUBEVSB 5PSOBOU BMT OPT USFT EJFT MFT 'FTUFT EF .BJH UFOFO BDUVBMNFOU VOB CPOB TBMVU J EVSBOU FMT EBSSFST BOZT IB DSFTDVU FM OPNCSF E BDUFT J MB TFWB RVBMJUBU &OHVBOZ M "KVOUBNFOU EF MB DJVUBU IB BOVODJBU MB DSFBDJØ EJVFO RVF EF DBSB B M BOZ WJOFOU E VO QSPUPDPM EF GFTUFT J UBNCÏ E VOB DPNJTTJØ EF GFT UFT 7FVSFN TJ BJYÛ BSSJCB B CPO QPSU J TJ MB DPOGFDDJØ EFM QSPHSBNB EF GFTUFT UBNCÏ UÏ QSFTFOU UPUFT MFT FOUJUBUT CBEBMPOJOFT UBM J DPN SFDMBNB BRVFTU BOZ MB $PPSEJOBEPSB 1PQVMBS EF 'FTUFT EF #BEB

.BJH JOEE

OÓ - "KVOUBNFOU EF MB DJVUBU OP IB BDMBSJU QÞCMJDBNFOU FM QSFTTVQPTU EF MFT 'FTUFT EF .BJH QFSÛ IB SFDPOFHVU RVF T IB SFEVÕU MB QBSUJEB FDPOÛ NJDB E FOHVBOZ 5PU J BJYÛ FM QSPHSBNB T IB NBOUJOHVU HBJSFCÏ JHVBM RVF MFT EBSSF SFT FEJDJPOT J BRVÓ T IB EF SFDPOÒJYFS M FTGPSÎ JNBHJOBUJV EF MFT FOUJUBUT CBEBMPOJOFT J EFM %FQBSUBNFOU EF $VMUVSB EFM DPOTJTUPSJ 1FM RVF GB BM NPDBEPS EF GFTUFT RVF DFMF CSB FMT TFVT QSJNFST BOZT T IB DBOWJBU M FMBCPSBDJØ J EFM DPNFSÎ KVTU T IB QBTTBU BMT DSJUFSJT E FDPOPNJB TPDJBM &M DPMPS USJBU QFS DFSU IB FTUBU VO WFSE BQBHBU - ÞOJDB DPTB RVF GBMUBS TBCFS EF MFT 'FTUFT EF .BJH EFM ÏT TJ B EBSSFSB IPSB QP ESFN DSFNBS FM EJNPOJ FM EJB P MB QMVKB GBSË USBTMMBEBS EF EJB MB DSFNBEB &TQFSFN RVF 4BOU "OBTUBTJ BNC M BKVEB EFMT PVT RVF DBEB BOZ QPSUB MB $POGSBSJB B MFT NPOHFT $MBSJTTFT EPOJ VOB USFWB EV SBOU BRVFTUT EJFT EF HSFTDB BM DBSSFS #POFT 'FTUFT EF .BJH

MPOB EVSBOU FMT BDUFT EF MB 'FTUB .BKPS "MUFSOBUJWB "RVFTU BOZ BSSJCBSË MB DJORVF OB FEJDJØ E BRVFTUFT 'FTUFT "MUFSOBUJWFT BNC EJWFSTFT OPWFUBUT DPN VOB HJNDBOB QPQVMBS

6OFT GFTUFT BNC MB NÞTJDB DPN B QMBU GPSU -B NÞTJDB TFSË MB QSPUBHP OJTUB EF MFT 'FTUFT E BRVFTU &M QSPHSBNB BSSJCB GBS DJU E BDUVBDJPOT QFS B UPUT FMT HVTUPT EFT EFMT 0KPT EF #SVKP QBTTBOU QFMT (PTTPT FMT .BOFM P FM DBOUBVUPS "M CFSU 1MB 4 IB EF EFTUBDBS MB JODPS QPSBDJØ EF M FTQBJ EFM QBSD EF $B M "SOÞT DPN FTDFOBSJ EF USFT DPODFSUT VOB CPOB JOJDJBUJWB QFS BQSPm UBS J EPOBS B DPOÒJYFS BRVFTU NBHOÓGJD QBSD RVF TFNCMB RVF FTUË EFJYBU EF MB NË EF %ÏV -B DSJTJ UBNCÏ FTUBSË QSFTFOU B MFT 'FTUFT &M EJNPOJ SFDPSEBSË FO HVBOZ M ÒQPDB EF DSJTJ P MB HSJQ QPSDJOB TFHPOT M PQJOJØ QFSTPOBM EF DBEB CBEBMP

VXSOHPHQ7

HGUVGU FG OCKI

BOZT QFS DPOWFSUJS FM NPDBEPS FO VO TÓNCPM E JEFOUJUBU (BTQBS EF 1PSUPMË B #BSDF MPOB 3FDPSEFN RVF FO BOZT BOUFSJPST FM NPDBEPS T IBWJB GFOU TFHVJOU FMT DSJUFSJT EF DP NFSÎ KVTU JOUFSOBDJPOBM J QSPWÏ EF QBÕTPT EFM 4VE &OHVBOZ T IBO DPOGFDDJPOBU VOJUBUT J FT SFQBSUJSË HSBUVÕUBNFOU B UPUT FMT OFOT J OFOFT EF MFT MMBST E JOGBOUT FTDPMFT J JOTUJUVUT m OT B BSU E &40 J $FOUSF E &EVDBDJØ &TQFDJBM

- BOZ BSB GB BOZT M "KVOUBNFOU EF MB DJVUBU WB EFDJEJS JNQVMTBS VO NPDB EPS EF GFTUB $BEB BOZ FM NPDBEPS WBSJB E BOBHSBNB J EF DPMPS FM RVBM BNC OPNÏT BOZT EF WJEB IB QBTTBU B FTEFWFOJS VO FMFNFOU JNQSFT DJOEJCMF EF MB GFTUB EF #BEB MPOB J PCKFDUF EF DPMtMFDDJØ 'JOT J UPU NPMUT CBEBMPOJOT QFOHFO FMT NPD BEPS T BMT CBMDPOT m OFTUSFT J UFSSBTTFT EVSBOU FMT EJFT EF GFTUB #BEBMPOJTNF BNC FM NPDBEPS &M NPDBEPS WB TFS DPODFCVU

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.BJH JOEE

&O UPUBM FT SFQBSUJSBO NPDBEPST HSBUVÕUBNFOU J MB SFTUB FT WFOESBO QFS FVSP $PN DBEB BOZ FMT 7PMVOUBSJT #BEBMPOB EJTUSJCVJSBO J WFO ESBO FMT NPDBEPST BMT BDUFT DFOUSBMT EF GFTUB J B EJGFSFOUT FTUBOET DPN B MB 1MBÎB EF MB 7JMB P B MFT FTUBDJPOT EF 3FOGF J 1FQ 7FOUVSB

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$BEB BOZ VO DPMPS EJGFSFOU %VSBOU BRVFTUT BOZT DBEB BOZ FM NPDBEPS IB DBOWJBU EF DPMPS FODBSB RVF FMT BOZT J FT WB PQUBS QFM WFSNFMMØT J FMT BOZT J WB TFS EF DPMPS NPSB - BOZ FM NPDBEPS WB UFOJS UPOT EF DPMPS NJDBDP FM EF DPMPS CMBV M BOZ FT WB USJBS FM DPMPS QJTUBUYP M BOZ TF HàFOU FM UBSPOKB J M BOZ FM DPMPS DBRVJ "RVFTUFT GFT UFT T IB USJBU FM DPMPS WFSE

.PDBEPST TPMJEBSJT "RVFTU BOZ FMT NPDBEPST EF DPMPS WFSE T IBO DPOGFDDJPOBU BNC DSJUFSJT E FDPOPNJB TP DJBM FO VO DFOUSF FTQFDJBM EF USFCBMM MB 'VOEBDJØ 1SJWBEB

UWRNGOGP6

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.BJH JOEE

B #BJY B .BS "RVFTU BOZ OP FN QFOTP QFSESF FM DPODFSU EF .BOFM FM EJB B 'POU J $VT TØ ²T VO HSVQ RVF BDBCP EF EFTDPCSJS J FN WF NPMU EF HVTU * UBNCÏ BOJSÏ BM $FSUBNFO EF .POÛMFHT FN GB HSËDJB *OEFQFOEFOUNFOU EF MFT 'FTUFT EF .BJH BRVFTU BOZ IJ IB VOB OPWB BDUJWJUBU FM +PD EF #BEBMPOB ²T VOB QSPQPTUB NPMU EJWFSUJ EB J FTQFSP RVF UJOHVJ ÒYJU &M SFTQPOTBCMF ÏT MB HFOU EF -B 4BSHBOUBOB RVF FTUBO GFOU VOB GFJOB JNQPSUBOU QFS B MB DJVUBU J NPMU CFO GFUB PGFSJOU FM TFV FTQBJ BM DBSSFS EF MB $PTUB QFS EVS B UFSNF BDUJWJUBUT GPSÎB JOUFSFTTBOUT ²T JNQPSUBOU RVF IJ IBHJ VOB JOJDJBUJWB QSJWBEB QFS UJSBS FOEBWBOU MB DVMUVSB EF MB DJVUBU &O VOB DJVUBU HSBO DPN #BEB MPOB ÏT JNQSFTDJOEJCMF RVF MB DJVUBEBOJB T JNQMJRVJ NÏT FOMMË EF MFT BDUJWJUBUT RVF FT GBO EFT EF M "KVOUBNFOU 5PUIPN IBVSJB EF TFS QBSUÓDJQ EF #BEB MPOB J GFS TF MB TFWB "RVFTU ÏT UBNCÏ FM NJTTBUHF RVF WVMM GFS BSSJCBS BNC FM 1SFHØ

$PN B CPOB CBEBMPOJOB EFVT BOBS B NPMUT BDUFT EF MFT 'FTUFT QFSÛ RVJOT OP FU QFSESËT QFS B SFT EFM NØO &O HFOFSBM MFT NFWFT QSF GFSÒODJFT TØO MB /JU EF 4BOU "OBTUBTJ BNC MB $SFNBEB EFM EJNPOJ FWJEFOUNFOU J MB 'FTUB

VXSOHPHQ7

HGUVGU FG OCKI

BOZT EF MB 1BV (BSHBMMP BM 3FGVHJ

1PRVFT WFHBEFT MB DJVUBU ÏT DPOTDJFOU EF MB JNQPSUËODJB EF UFOJS VO DFOUSF DPN M &TDPMB E "SU J 4VQFSJPS EF %JTTFOZ 1BV (BSHBMMP B #BEBMPOB UBOU QFM RVF GB BMT BSUJTUFT RVF IJ TVSUFO UPUBMNFOU QSFQBSBUT DPN VO QSPGFTTPSBU RVBMJm DBU J DB QBÎ EF GFS VOFT PCSFT FYUSBPS EJOËSJFT DPN TPWJOU FT NPTUSFO

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.BJH JOEE

UFNQT FMT BOZT RVF QBTTFO FMT SFDPSET MB NFNÛSJB J FMT BMtMFHPSJTNFT RVF DPNQPSUFO BOZT B M FTRVFOB 6OB NPTUSB WBSJBEB J BMUBNFOU S F D P N B O B C M F B N C Q F D F T E BSUJTUFT EF UPUFT MFT EJTDJQMJ OFT RVF T FYFSDFJYFO BM $FOUSF DPN BSB DFSËNJDB JMtMVTUSBDJØ BOJNBDJØ HSËm DB FTDVMUVSB P JOUFSJPSJTNF 2VBSBOUB ²T BMIPSB VO IP NFOBUHF QFS B UPUT BRVFMMT BMVNOFT J QSPGFTTPST RVF IBO BOBU QBTTBOU QFS B M &TDPMB BM MMBSH E BRVFTUFT EÒDBEFT VOT BOZT PO T IB BQPTUBU GPSU QFS MB DSFBUJWJUBU QFS MB DVMUVSB QFS MB JOOPWBDJØ J QFS M FOTFOZBNFOU 6OB FYQPTJDJØ JOUFSFTTBOU TP CSFUPU QFS WFVSF FMT DPODFQUFT EFM UFNQT RVF QBTTB J MFT TFWFT DPOTFRàÒODJFT B USBWÏT EF MB NJSBEB E VOT KPWFT BSUJTUFT RVF BDBCBSBO TFOU FMT QBSFT EF MB DSFBUJWJUBU E BRVÓ B VOT BOZT 6OB NPTUSB RVF FOT PCMJHB B BUVSBS OPT EBWBOU EF DBEB QFÎB J PCTFSWBS MB BNC BUFO DJØ J TJ UFOJV MB TPSU EF UFOJS M BVUPS QFS BMMË OP EVCUFV FO QBSMBS IJ

FO FYQPTJDJPOT DBEB EPT BOZT BMT 3FGVHJ P BMHVOFT JOEJWJEVBMT BM $FOUSF $ÓWJD %BMU MB 7JMB 4PUB FM OPN EF 2VBSBOUB %VSBOU UPU FM NFT EF NBJH M &"4% 1BV (BSHBMMP DFMFCSBSË FMT TFVT BOZT E IJTUÛSJB BNC VOB FYQPTJDJØ DPMtMFDUJWB BNC QSPKFDUFT EF M BMVNOBU RVF HJ SFO BM WPMUBOU EFM DPODFQUF EF

UWRNGOGP6 -B DSJTJ /P QPEJB TFS VO BMUSF UFNB RVF BRVFTU QFSÛ UFOJB DMBS RVF FM EJNPOJ IBWJB EF USBDUBS BRVFTU UFNB TFOTF BNCJHàJ UBUT %FT EFM QSJNFS NPNFOU WBJH UFOJS DMBS RVF FM UFNB FSB MB DSJTJ - BOZ QBTTBU WB TFS MB TFRVFSB J BSB OP QBSB EF QMPVSF +BKBKBKB " WFVSF TJ IJ IB TPSU J USFORVFN BRVFTUB NB MFEJDDJØ RVF UFOJN BM EBNVOU DSFNFN FM EJNPOJ J T BDBCB MB DSJTJ FTUBSJB FODBOUBU 1PSUFT VO QBSFMM E BOZT USJPNGBOU FO MB UFWB GBDFUB E BDUPS J B NÏT FUT FM EJTTFOZBEPS EFM EJNPOJ )PNF OP FN QVD RVFJYBS ²T WFSJUBU &TUJD NPMU DPOUFOU QFSRVÒ UBOU BNC MB DPNQBOZJB RVF FTUË GVODJPOBOU NPMU CÏ DPN BNC MB NFWB WFTTBOU E JMtMVTUSBEPS RVF IF SFQSÒT EFTQSÏT E IBWFS MB BCBOEPOBU QFM UFBUSF

3VCÏO .POUB×È EJTTFOZBEPS EFM %JNPOJ 3VCÏO .POUB×È ÏT JMtMVTUSBEPS J BDUPS $SFBEPS EF MB DPNQBOZJB &HPT 5FBUSF OP QBSB EF GFS CPMPT J SFCSF QSFNJT QFS i3VEEJHPSF P MB /JTTBHB .BMFÕEBw J GB VOFT TFUNBOFT WB HVBOZBS FM QSFNJ QPQVMBS B MB .PTUSB E *HVBMBEB QFS M FTQFDUBDMF GBNJMJBS i&O +PBO TFOTF 1PSw &M TFV ÒYJU T IB WJTU DPNQMFNFOUBU BNC FM $SFNB M UV "SB FM TFV EJNPOJ KB PCTFSWB MB DJVUBU EFT EF MB QMBUKB J FMM TBUJTGFU FTQFSB MB $SFNBEB QFS BDPNJBEBS TF O

.BJH JOEE

)B FTUBU FM QSJNFS EJNPOJ RVF IBT QSFTFOUBU /P FN WBJH QSFTFOUBS BM $SFNB M UV 'B USFT P RVBUSF BOZT BNC VO EJTTFOZ PO UBNCÏ IJ IBWJB VO QPSRVFU /P WBJH RVFEBS OJ m OBMJTUB OJ SFT QFSÛ BRVFTU BOZ FM QPSRVFU N IB QPSUBU TPSU

1SFQBSBU QFS MB $SFNBEB * UBOU "RVFTU BOZ TFSË NPMU FTQFDJBM "MHVOT BOZT QFS GFJOB OP IF QPHVU WFVSF MB $SFNBEB QFSÛ BRVFTU BOZ TÓ RVF IJ TFSÏ J UBOU

&M UFV EJNPOJ FTUË JNQSFHOBU EF M FTQFSJU EJNPOJBJSF 4Ó FN WBJH FTUBS NJSBOU UPUT FMT EJNPOJT EF MB IJTUÛSJB QFS FODPNBOBS NF E BRVFTU FT QFSJU J RVBO KB IP UFOJB WBJH QFOTBS FM NPUJV

* OP FU GBSË MMËTUJNB WFVSF NPSJS FM EJNPOJ FOUSF n BNFT /P 2VF WB &N GBSË JMtMVTJØ GPSNB QBSU EF MB GFTUB EF GFU ÏT MB HSËDJB RVBO FM DSFFT KB TBQT RVF FM TFV m OBM ÏT BRVFTU

VXSOHPHQ7

HGUVGU FG OCKI

&M EJB USBJFN B QBTTFKBS FM 4BOU EF M &THMÏTJB EF 4BOUB .BSJB m OT BM DBSSFS 4BOU "OBTUBTJ QBTTBOU QFM DBSSFS EF MB $PTUB .FOUSFT UBOU FMT NÏT QFUJUT FT EJTUSBVSBO BNC FMT +PDT 7VJUDFOUJTUFT J FMT NÏT MMBNJOFST GBSBO DVB QFS QSPWBS MB DPDB J MB YPDPMBUB RVF UBNCÏ T PSHBOJU[B BM DBSSFS 4BOU "OBTUBTJ ²T EVSBOU FM CFSFOBS RVF FT GBSË MB USBEJDJPOBM SJGB EF DPRVFT RVF DBVTB UBOUB FYQFDUBDJØ DPN TJ FT USBDUÏT CFO CÏ EF MB HSPTTB EF /BEBM .FO USF PNQMJN M FTUØNBD WFVSFN CBMMBS FMT 4BUBOBTJT J FM #BSØ EF .BMEË

6O EFMT BDUFT NÏT USBEJDJPOBMT J QPQVMBST EF MFT 'FTUFT FT QSPEVFJYFO FM EJB FM EJB EF 4BOU "OBTUBTJ ²T GFTUJV J BJYÛ GB RVF FMT DBSSFST EFM DFOUSF T PNQMJO EF QFSTPOFT RVF WPMFO BDPNQBOZBS FM DPQBUSØ EF MB DJVUBU FO MB TFWB QBTTBEB QFMT DBSSFST /PNÏT BRVFTU EJB QPEFN WFVSF FM CBMM SFWFSFODJBM FO RVÒ FT iGB CBMMBSw FM 4BOU &TQFSFN RVF FOHVBOZ TÓ RVF FT QPSUJO FMT PVT B MFT NPOHFT DMBSJTTFT QFS FWJUBS RVF QMPHVJ KB RVF M BOZ QBTTBU B DBVTB EF MB TFRVFSB FT WB EFDJEJS OP EVS MPT J WB QMPVSF B CPUT J CBSSBMT "RVFTU OP IFN EF QBUJS QFS MB TFRVFSB BJYÓ RVF OP PCMJEFN EF QPSUBS FMT PVT BM $POWFOU EF MB %JWJOB 1SPWJEÒODJB

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.BJH JOEE

"M NBUÓ M 0m DJ VOB USBEJDJØ EF TFHMFT " RVBSUT EF OPV EFM NBUÓ DP NFODFO MFT .BUJOBEFT FO RVÒ MB CBOEFSB EF $POGSBSJB EF 4BOU "OBTUBTJ SFDPSSFSË FMT DBSSFST E "SOÞT 1JFUBU .BS 1MBÎB EF MB 7JMB 4BOU "OBTUBTJ J EF MB $PTUB m OT B M &THMÏTJB EF 4BOUB .B SJB EFT E PO FT GBSË FM SFQJD EF DBNQBOFT " MFT DPNFOÎBSË M 0GJDJ 4PMFNOF VO BDUF RVF DPOHSFHB FMT NÏT EFWPUT J RVF EBUB BMNFOZT EFM TFHMF 97** 5BNCÏ BMFTIPSFT IJ IBVSË FM CBMM EF M ËMJHB J EFMT (FHBOUT EF #BEBMPOB

$PNFOÎB MB 1BTTBEB %FTQSÏT EF MB CBMMBEB EF TBS EBOFT BNC MB $PCMB .BSJOBEB B MB 1MBÎB EF MB 7JMB DPNFOÎB QSÛQJBNFOU MB QBTTBEB EF 4BOU "OBTUBTJ " MFT MFT FOUJ UBUT EF $VMUVSB QPQVMBS J USBEJ DJPOBM EF MB DJVUBU J MB $POGSBSJB QSPUBHPOJU[FO VO EFMT BDUFT NÏT FNCMFNËUJDT EF MFT 'FTUFT .J RVFMFUT 4BUBOBTJT #BEBMPOB #ÒTUJFT EF 'PD M &TCBSU 4BOU +PSEJ $BTUFMMFST J %JBCMFT BDPNQBOZFO FM 4BOU EFT EFM DB SSFS 4BOU "OBTUBTJ m OT B MB 1MBÎB #BSCFSË QBTTBOU QFS 'SBODFTD -BZSFU 4BOU 'SBODFTD E "TTÓT 'SB #BTJMJ EF 4BOU +PTFQ 4BOU .JRVFM $BOPOHF #BSBOFSB EF OPV 'SBODFTD -BZSFU $BSNF J 5FNQMF " RVBSUT EF OPV FT QPTB QVOU J m OBM B MB GFTUJWJUBU BNC FM $BOU EFMT (PJHT B DËSSFD DPN TFNQSF EF M 0SGFØ #BEBMPOÓ

-B CBJYBEB EFM 4BOU J MB DPDB -B QBSU NÏT GFTUJWB UJOESË MMPD B MB UBSEB B QBSUJS EF MFT I RVBO DPNFOÎB MB CBJYBEB EFM 4BOU BDPNQBOZBU EF MFT FOUJUBUT EF DVMUVSB QPQVMBS J USBEJDJPOBM EFT

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&M %JNPOJ UBNCÏ DSFNB FMT WJDJT EFMT NÏT QFUJUT " #BEBMPOB UFOJN VOB USBEJ DJØ CFO DVSJPTB RVF UPU J RVF FT GB EFT EF OP GB UBOUT BOZT KB T IB DPOWFSUJU FO VO DMËTTJD EF MFT 'FTUFT EF .BJH "GFDUB FMT NÏT QFUJUT EF MB DBTB J DPOTJTUFJY FO MMFOÎBS FMT YV NFUT QFSRVÒ DSFNJO UBNCÏ BNC FM %JNPOJ MB /JU EF 4BOU "OBTUBTJ 5BSE P E IPSB BSSJCB FM NP NFOU FO RVÒ FMT NFOVUT T IBO EF EFTQSFOESF EFMT YVNFUT ²T VO E BRVFTUT BDUFT RVF MB NBKPSJB OP SFDPSEFN RVBO WB TFS QFSÛ RVF JOEJDB TJN CÛMJDBNFOU RVF DPNFODFN B GFS OPT HSBOT 1FS BJYÛ EJFT BCBOT EF MB DSFNBEB FMT NÏT QFUJUT BDPNQBOZBUT QFMT QBSFT MMFODFO FM YVNFU B MB GBMEB EFM EJNPOJ QFSRVÒ RVFEJ FOHPMJU QFS MFT CSBTFT EFM GPD %F GFU IJ IB FTDPMFT CSFTTPM EF MB DJVUBU RVF PSHBOJU[FO TPS UJEFT QFSRVÒ TJHVJO FMT QSPQJT OFOT RVJ FT EFTQSFO HVJO E BRVFTU PCKFDUF UBO QFSTPOBM "DPTUVNB B TFS FM NBUFJY EJB RVF FMT OFOT J OF OFT QPSUFO FM TFV QFUJU EJNPOJ GFU EF DBSUSØ EF QBQFS P EF QMËTUJD B MB GBMEJMMB EFM HFHBOU BNC CBOZFT &T EJV RVF BJYÓ UBO EJNPOJFUT DPN YVNFUT DSFNFO BNC FM EJNPOJ EB WBOU M BUFOUB NJSBEB EF UPUT FMT CBEBMPOJOT &M RVF OP TF

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hŶĂ ĂĐĐŝſ ŵƵŶŝĐŝƉĂů ƋƵĞ ĞƐ ďĂƐĂ͕ ƚĂŵďĠ͕ ĞŶ ŵĂŶƚĞŶŝƌ ŝ ƉŽƚĞŶĐŝĂƌ ĞŶĐĂƌĂ ŵĠƐ Ğů ƉĞƐ ĞƐƉĞĐşĮĐ ĚĞ ĂĚĂůŽŶĂ͗ Ăŵď ƉƌŽũĞĐƚĞƐ ƋƵĞ ƐĞƌĂŶ ƌĞĂůŝƚĂƚ ĐŽŵ ůĂ ŝŶƐƚĂůͻůĂĐŝſ Ă ĂŶ ZƵƟ ĚĞ ůĂ &ƵŶĚĂĐŝſ :ŽƐĞƉ ĂƌƌĞƌĂƐ Ž ůĂ ŽďĞƌƚƵƌĂ ĚĞů ĐĞŶͲ ƚƌĞ ĐŽŵĞƌĐŝĂů Ă ĂŶ >ůĂŵĂƐ͘ hŶĂ ĂĚĂůŽŶĂ͕ ĞŶ ĚĞĮŶŝƟǀĂ͕ Ăŵď ƵŶ ĂůĐĂůĚĞ ƋƵĞ ůŝĚĞƌĂ ŝ ƋƵĞ ƚĠ ĐůĂƌƐ ĞůƐ ǀĂůŽƌƐ ƋƵĞ ĐĂů ƉŽƚĞŶͲ ĐŝĂƌ͗ ůĂ ŝŐƵĂůƚĂƚ͕ ůĂ ĐŽŚĞƐŝſ͕ Ğů ĐŽŶĞŝdžĞŵĞŶƚ͕ ůĂ ĐƌĞĂƟǀŝƚĂƚ͕ ƋƵĞ ƚĠ ĞŶ ů͛ĞĚƵĐĂĐŝſ ƵŶĂ ƉƌŝŽƌŝƚĂƚ ƋƵĞ ŚĂ ĨĞƚ ƉŽƐƐŝďůĞ͕ ƉĞƌ ĞdžĞŵͲ

ƉůĞ͕ ƋƵĞ Ğů ĚĞ ĂĚĂůŽŶĂ ƐŝŐƵŝ ů͛ ũƵŶƚĂŵĞŶƚ ƋƵĞ ŚĂ ĚĞĚŝĐĂƚ ŵĠƐ ĚŝŶĞƌƐ ĚĞů WůĂ ĂƉĂƚĞƌŽ Ă ů͛ĞƐĐŽůĂ ƉƷďůŝĐĂ͘ ů ƉƌŝŵĞƌ ĂŶLJ ĚĞ ů ͛ĂůĐ ĂůĚĞ ^ Ğƌƌ Ă ĐŽŶƐŽůŝĚĂ ƵŶĂ ĨĞŝŶĂ ĚĞ ďŽŶĂ ŐĞƐƚŝſ͕ Ě͛ŝŶƚĞŶƐ ƚƌĞͲ ďĂůů͕ Ě ͛ĞƐƚĂůǀŝ ŝ ĂƵƐƚĞƌŝƚĂƚ͕ Ě͛ŚŽŶĞƐƚĞĚĂƚ͕ ĚĞ ĐŽŶǀŝĐĐŝŽŶƐ ŝ ĐŽŶĨŝĂŶĕĂ ĞŶ ĂĚĂůŽŶĂ͘ Ğ ǀŽůƵŶƚĂƚ Ě͛ĞƐƚĂƌ Ă ƉƌŽƉ ĚĞ ůĂ ŐĞŶƚ͕ ŝ ĚĞ ŐŽǀĞƌŶĂƌ͕ Ăŵď ĚĞƚĞƌͲ ŵŝŶĂĐŝſ͕ ƉĞƌƋƵğ ĂĚĂůŽŶĂ ǀĂŐŝ ĞŶĚĂǀĂŶƚ͘

WůĂ W͗ ŽďũĞĐƟƵ ŐĞŶĞƌĂƌ ůůŽĐƐ ĚĞ ƚƌĞďĂůů Ŷ ƵŶƐ ŵŽŵĞŶƚƐ ĐŽŵ ĞůƐ ĂĐͲ ƚƵĂůƐ ĞŶ ĞůƐ ƋƵĂůƐ ůĂ ƐŝƚƵĂĐŝſ ƐŽͲ ĐŝŽĞĐŽŶžŵŝĐĂ ĠƐ ĐŽŵƉůŝĐĂĚĂ ĂƌƌĞƵ͕ ĂĚĂůŽŶĂ ƚĠ͕ ŐƌăĐŝĞƐ Ăů WůĂ ĂƉĂƚĞƌŽ ƵŶĂ ŽƉŽƌƚƵŶŝƚĂƚ ĚĞ ŵŝůůŽƌĂƌ ĞƋƵŝƉĂŵĞŶƚƐ ĞƐƉŽƌƟƵƐ ŝ ĐƵůƚƵƌĂůƐ͕ ƚŽƚĞƐ ůĞƐ ĞƐĐŽůĞƐ ĚĞ ůĂ ĐŝƵƚĂƚ͕ ĐĂƌƌĞƌƐ ŝ ƉůĂĐĞƐ ŝ͕ Ăů ŵĂͲ ƚĞŝdž͕ ƚĞŵƉƐ͕ ŐĞŶĞƌĂƌ ŽĐƵƉĂĐŝſ͘ ů ƉĂƐƐĂƚ ĚŝůůƵŶƐ ϮϬ Ě͛Ăďƌŝů ǀĂŶ ĐŽŵĞŶĕĂƌ ůĞƐ ƉƌŝŵĞƌĞƐ ŽďƌĞƐ ĚĞ ƌĞƵƌďĂŶŝƚnjĂĐŝſ ĚĞů ĐĂƌƌĞƌ ĂůĚŽŵĞƌ ^Žůă͘ ů ĐŽŶũƵŶƚ ƚŽƚĂů ĮŶĂŶĕĂƚ ƉĞů WůĂ ĂƉĂƚĞƌŽ ĐŽŵƉƚĂ Ăŵď ϱϯ ƉƌŽũĞĐƚĞƐ ƉĞƌ ǀĂůŽƌ ĚĞ ϯϴ ŵŝůŝŽŶƐ Ě͛ĞƵƌŽƐ͘ hŶ ƉƌŽũĞĐƚĞ ƐŽͲ

ĐŝĂůŝƐƚĂ͕ ƋƵĞ ĚŽŶĂƌă ĨĞŝŶĂ Ă ƉƌŽƉ Ě͛ƵŶ ŵŝůĞƌ ĚĞ ƉĞƌƐŽŶĞƐ͕ ŵĠƐ ĚĞ ůĂ ŵĞŝƚĂƚ ĚĞůƐ ƋƵĂůƐ ƐſŶ ŐĞŶƚ ĚĞ ŶŽǀĂ ĐŽŶƚƌĂĐƚĂĐŝſ ƉƌŽĐĞĚĞŶƚƐ ĚĞ ů͛ĂƚƵƌ͘ ĂĚĂůŽŶĂ ǀŝƵ ŵĞƐŽƐ ĚĞ ŵŽůƚĂ ĂĐƟǀŝƚĂƚ͘ 'ƌăĐŝĞƐ Ăů & />͕ ĞŶ Ğů ƋƵĂĚƌŝĞŶŶŝ ϮϬϬϴͲϮϬϭϭ͕ ůĂ ŝŶǀĞƌƐŝſ ŵƵŶŝĐŝƉĂů ĞƐ ĚƵƉůŝĐĂƌă͘ dŽƚĂ ůĂ ĐŝƵƚĂƚ ǀŝƵƌă ƵŶ ŵŽŵĞŶƚ ŚŝƐƚžƌŝĐ ĚĞ ƚƌĂŶƐͲ ĨŽƌŵĂĐŝſ ƵƌďĂŶĂ ĐŽŵ Ğů ƋƵĞ ŵĂŝ ŶŽ Ɛ͛ŚĂǀŝĂ ǀŝƐƚ Ă ĂĚĂůŽŶĂ͘ /ŶǀĞƌƐŝſ ƉƷďůŝĐĂ͕ ĞŶ ŵĂũƷƐĐƵͲ ůĞƐ͕ ƉĞƌ ůůƵŝƚĂƌ ĐŽŶƚƌĂ ů͛ĂƚƵƌ͕ ƉĞƌ ƐĞŐƵŝƌ ĚŝŶĂŵŝƚnjĂŶƚ ůĂ ĐŝƵƚĂƚ ĞŶ ƚŽƚƐ ĞůƐ ăŵďŝƚƐ͘

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