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&O M FEJDJØ E BRVFTU BOZ FMT DVSTPT RVF T JNQBSUJSBO B #B EBMPOB TFSBO TPCSF MB NÞTJDB J MJUFSBUVSB J FM SFQUF E VO OPV QFSJPEJTNF "NCEØT DVSTPT GPSNFO QBSU EF MB QSPHSBNBDJØ E FTUJV BOPNFOBEB i&MT KV MJPMTw RVF PGFSFJY MB 6OJWFSTJUBU EF #BSDFMPOB RVF DPOTJTUFJY FO PSHBOJU[BS DVSTPT GPSB EF MB QSPHSBNBDJØ MFDUJWB

&SDSPT IB SFHJTUSBU VOFT QÒS EVFT EF NJMJPOT E FVSPT FO FM QSJNFS USJNFTUSF NÏT EFM EPCMF EFMT NJMJPOT EFM NBUFJY QFSÓPEF EFM IB BOVODJBU BWVJ MB DPNQBOZJB &M WPMVN EF OFHPDJ T IB SFEVÕU VO mOT B NJMJPOT $PN B FMFNFOUT QPTJUJVT FM HSVQ T IB BQVOUBU VOB QSPWJ TJØ HSËDJFT B VOB TFOUÒODJB GBWPSBCMF TPCSF FM DPOUFODJØT JOUFSQPTBU QFS .BSJOB #BEB MPOB J IB SFEVÕU EF B NJMJPOT FM TFV EFVUF

727 %DGDORQD

727 %DGDORQD

1MBOUJMMB#BTF JOEE

DFWXDOLWDW

DFWXDOLWDW

$BSMFT $BSWBKBM

"QBMMJTTFO VO OPJ HBJ B MB QBSBEB EFM NFUSP EF 1FQ 7FOUVSB 1SPHSÏT t "HSFTTJØ IPNÛGPOB B M FTUBDJØ EF NFUSP EF 1FQ 7FOUVSB 4FHPOT IB JOGPSNBU FM EJBSJ 1ÞCMJDP FM QBTTBU E BCSJM WB UFOJS MMPD VOB HSFV BHSFTTJØ IPNÛGPOB B #BEB MPOB 5PU WB DPNFOÎBS RVBO EPT KPWFT WBO BCPSEBS B $BS MFT 'FSOÈOEF[ EF BOZT B M FOUSBEB EF MB QBSBEB EF NFUSP EF 1FQ 7FOUVSB i5FOT UBCBD w MJ WBO QSFHVOUBS &M OPJ FMT IJ WB SFTQPOESF RVF OP GVNBWB i/P N BHSBEB MB UFWB DBSB &UT HBJ w WBO DPO UJOVBS $BSMFT OP WB EVCUBS FO SFTQPOESF MT i4Ó J RVÒ w &O BRVFTU NPNFOU FT WB EFTFODB

WB DPQFKBS MB DBCJOB PO FSFO MFT USFCBMMBEPSFT - BHSFTTJØ WB DPOUJOVBS mOT RVF WBO BQB SÒJYFS VOB QBSFMMB E JOUFSWFOUPST J FM KPWF WB DØSSFS DBQ B FMMT &MT TFVT BHSFTTPST WBO DPOUJOVBS JOTVMUBOU MJ QFSÛ FMT USFCBMMB EPST EFM NFUSP WBO BDPOTFHVJS GJOBMNFOU RVF NBSYFTTJO " NÏT EF MFT MFTJPOT GÓTJRVFT M BHSFTTJØ MJ IB QSPEVÕU BM OPJ TÓNQUPNFT E BOTJFUBU J JOTPN OJ &M OPJ BHSFEJU IB BGFHJU RVF iIJ IB MMFJT RVF TØO VO BWBOÎ TPDJBM QFSÛ M BWBOÎ NFOUBM EF MB TPDJFUBU OP WB DPPSEJOBU FO QBSBMtMFM BNC BRVFTUFT MMFJTw

EFOBS M BHSFTTJØ RVF FT WB QFS MMPOHBS EVSBOU RVJO[F NJOVUT 4FHPOT M JOGPSNF EF MFTJPOT FO $BSMFT WB QBUJS DPOUVTJPOT NÞMUJQMFT B MFT FYUSFNJUBUT BM DBQ J VOB IFNPSSËHJB OBTBM &MT BHSFTTPST RVF UFOFO FOUSF J BOZT WBO UBNCÏ FTDPQJS J QFHBS BM OPJ J MJ WBO EFEJDBS HSFVT JOTVMUT UBM DPN EFUBMMB MB EFOÞODJB QSFTFOUBEB EBWBOU FMT .PTTPT E &TRVBESB 1BSU EF M BHSFTTJØ WB QBTTBS QFM RVF TFNCMB FO FM WFTUÓCVM EFM NFUSP J EBWBOU MB NJSBEB EF EVFT USFCBMMBEPSFT RVF TFHPOT IB FYQMJDBU FM KPWF BHSFEJU OP WBO GFS QFS BKVEBS MP UPU J RVF

-B TPSU FWJUB VO USËHJD BDDJEFOU BM DBSSFS 4BOU #SV $BTBHFNFT t &TQFDUBDVMBS BDDJEFOU EF USËOTJU BM DBSSFS 4BOU #SV %PT WFIJDMFT VO (PMG J VO 1FVHFPU FT WBO WFVSF JNQMJDBUT EJTTBCUF B QSJNFSB IPSB EF MB UBSEB FO VO FTQFDUBDVMBS BDDJEFOU RVF QPESJB IBWFS BDBCBU EF GPSNB NPMU USËHJDB &M DPOEVDUPS E VO EFMT WFIJDMFT RVF DJSDVMBWB FO EJSFDDJØ B #BSDFMPOB WB QFSESF FM DPOUSPM J WB BOBS B

EF $BO .FSDBEFS &M DPOEVD UPS WB QBUJS GFSJEFT MMFVT J WB EPOBS QPTJUJV FO FM QPTUFSJPS DPOUSPM E BMDPIPMÒNJB TFHPOT WB JOGPSNBS MB (VBSEJB 6SCBOB "MHVOT UFTUJNPOJT IBO FYQMJDBU B MB 3FWJTUB &M 5PU RVF FO FM NPNFOU EFM YPD IJ IBWJB RVBUSF QFSTPOFT FTQFSBOU M BVUPCÞT QFSÛ QFS TPSU WBO QPEFS BQBS UBS TF RVBO FM WFIJDMF WB UPQBS DPOUSB MB QBSBEB EF CVTPT

t -B NBSRVFTJOB WB RVFEBS UPUBMNFOU EFTUSPTTBEB $ $BSWBKBM

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#BEBMPOB J 5JBOB QSPNPDJPOBSBO FM WJ BNC %0 E "MFMMB

-B USFU[FOB FEJDJØ EF MB 'FTUB EFM +PD J M &TQPSU B .POUHBU RVF UJOESË MMPD BRVFTU EJVNFOHF BM NBUJ BSSJCB BNC OPWFT QSPQPT UFT MÞEJRVFT J FTQPSUJWFT 5BO NBUFJY BRVFTU BOZ DPNQUBSË BNC MB QBSUJDJQBDJØ EFM 1SPHSB NB 5IBP DPOUSB M PCFTJUBU JOGBO UJM QSPHSBNB RVF QSPNPDJPOB UBO M BMJNFOUBDJØ TBMVEBCMF DPN M BDUJWJUBU GÓTJDB DPN B NFTVSFT EF QSFWFODJØ EF M PCFTJUBU JOGBO UJM -FT BDUJWJUBUT FT GBSBO FOUSF MB 1M E "MDBOBS J FMT WPMUBOUT EF MB [POB FTQPSUJWB

"DUVBMJUBU JOEE

-B 5JOUJONBOJB BSSJCB B MB #JCMJPUFDB EF 5JBOB 5 J O U J O T F S Ë Q S P U BH P O J T U B BRVFTU EJKPVT B MB UBSEB B MB #JCMJPUFDB EF $BO #BSBUBV EF 5JBOB " USBWÏT EF M BDUJWJUBU 5JOUJOWFOUBSJ QSFUÏO RVF FMT JOGBOUT QBSUJDJQJO J T FEVRVJO BMIPSB - BDUF WPM TFS VOB JOWJ UBDJØ B MB MFDUVSB BMT OFOT J OF OFT NJUKBOÎBOU MB QSFTFOUBDJØ JMtMVTUSBEB EFM DÛNJD NÏT GB NØT J USBEVÕU EF UPUT FMT UFNQT GFOU VO SFDPSSFHVU QFM TFV VOJWFST J FMT QFSTPOBUHFT RVF M IBCJUFO - BDUF BOJSË B DËSSFD E FO 4BMWBEPS #PJY

%JWVJU BKVOUBNFOUT FOUSF FMMT FM EF #BEBMPOB J 5JBOB DFMMFST J VO DPOTFMM SFHVMBEPS IBO TJHOBU VO DPOWFOJ EF DPMtMBCPSBDJØ QFS MB QSPNPDJØ EFM WJ EF EFOPNJ OBDJØ E PSJHFO E "MFMMB MB NÏT QFUJUB J BOUJHB EF $BUBMVOZB "NC BRVFTU DPOWFOJ FT QSFUÏO QPUFODJBS MB DPNFSDJBMJU[BDJØ J RVBMJUBU E BRVFTUT WJOT 3FDPS EFN RVF B #BEBMPOB FODBSB IJ IB WJOZFT BM CBSSJ EF $BOZFU DPN QFS FYFNQMF B MB .BTJB EF $BO $PMM P $BO 5SJBT

727 %DGDORQD

&21*5(62 3LVR HQ $/48,/(5 P KDELWDFLRQHV EDxR F SODWR GH GXFKD EDOFyQ V WHUUD]R FDOH IDFFLyQ 5($/ $08(%/$'2 $/48,/(5 ¼

&$1 0(5&$'(5 *UDQ SLVR GH KDELWDFLRQHV

&$6$*(0(6

$/48,/(5 ¼

3(3 9(1785$

%8)$/ÈWLFR P WHUUD]DV

3LVR P KDE EDxR FRPSO VDOyQ LQGHSHQ P EDOFyQ W]D V JUHV $08(%/$'2 5($/ -8172 0(752 $/48,/(5 ¼

3LVR GH P KDE VXLWWH EDxR \ DVHR VDOyQ GH P F VDOLGD D EDOFyQ SDUNHW PiUPRO FDOHIDF DPXHEODGR DVF =21$ &20 & 3,6& 3. 23&,21$/

EDxR \ DVHR FRFLQD RI¿FH VDOyQ LQGHS FDOHIDF ),1&$ &21 $6&(1625

%8)$/¬

&(1752

3(3 9(1785$

$/48,/(5 ¼

$/48,/(5 ¼

3LVR P KDE EDxR \ DVHR FRFLQD RI¿FH VDOyQ F VDOLGD EDOFyQ FDOHI D D DVF $08(%/$'2 3. ,1&/ $/48,/(5 ¼

¼ 376

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

//(),¬

6$17 $'5,¬

3LVR ,'($/ 3$5(-$6 GH P KDE EDxR FRPSO FRFLQD HTXLS VDOyQ HQ DPELHQWHV V JUHV FDOHIDF SHT SDWLR /,672 3$5$ (175$5

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

3LVR GH KDE H[W EDxR \ FRFLQD

/$ &215(5,$

&$6$*(0(6

'$/7 /$ 9,/$

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

727 %DGDORQD

'03."5 /06 JOEE

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

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)$/¬

&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

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

025(5$

%8)$/¬

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

/$ 3/$1$

& 6$17,$*2 586,f2/

3LVR P KDE EDxR \ FRFLQD UHI VDOyQ P F VDOLGD D EDOFyQ V JUHV \ SDUNHW FDOHI D D DVFHQVRU /,672 3$5$ (175$5 $ 9,9,5 ¼ 376

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

0217*$7

3LVR P 7(55$=$ P KDE VXLWWH EXKDUGLOOD EDxRV DVHR FRUWHVLD VDOyQ LQGHS P F VDOLGD EDOFyQ DVF /,1($ 0$5 ¼ 376

&$1<$'Ï

-72 0(5&$'2 6 $'5,¬

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

%8)$/¬

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

¼ 376

'$/7 /$ 9,/$ È7,&2 P 7(55$=$ P KDE EDxR \ FRFLQD DFDEDGRV GH UHIRU PDU ODYDGHUR ),1&$ &21 $6&(1625 &(5&$ $<817$0,(172 ¼ 376

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

UHIRUP VDOyQ GH P EDOFyQ D DFRQG F ERPED GH FDORU $6& $08(%/$'2 < & (/(&752'20(67,&26

//25('$ 3LVR -72 $0%8/$725,2 P KDE EDxR FRPSO \ FRFLQD UHI ODYDGHUR VDOyQ F VDOLGD D EDOFyQ FDOHI ¿QFD FRQ DVF /,672 3$5$ (175$5 $ 9,9,5 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

320$5

EDxRV FRFLQD HTXLSDGD VDOyQ HQ QLYHOHV EDOFyQ FDOHIDF 6(0, $08(%/$'2 5($/

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

7,$1$ &DVD P SDWLR P HQ &(1752 MXQWR $\WR K \ EXKDUGLOOD EDxRV \ DVHR FDOHIDF VDOyQ FRQ FKLP JDUDMH WRGD H[W PX\ VROHDGD ¼ 376

RSLQLÓ

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0QJOJP JOEE

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727 %DGDORQD

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$ -72 0­*,& %'1

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

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

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

-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

-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

2%5$ 18(9$ & %$/'20(52 62/­

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