Tot Badalona 1382

/ÞNFSP %FM BM EF KVMJPM A

3FQPSUBUHF

&TQBJ$

"DUVBMJUBU

#BEBMPOB DPSSF FM /0/ 5¾9*$ - "KVOUBNFOU TPSUFKBSË 5PVS EF 'SBOÎB 1SJNFS 'FTUJWBM QJTPT QÞCMJDT SFQBSUJUT

*OUFSOBDJPOBM E "SU QFS #BEBMPOB 6SCË

1PMÓUJDB

1SJNFS YPD FOUSF 11 J 1Y$ FO VOB NBOJGFTUBDJØ BM CBSSJ EF -B 4BMVU

3FDMBNFO MB EFTBQBSJDJØ EF MFT CBSSFSFT GÓTJRVFT EF #BEBMPOB DPN MB DBSSFUFSB M BVUPQJTUB J FM USFO

"NC WFV QSÛQJB 0SJPM -MBEØ J -PSFO[P .FSDIÈO

7PMUB DJDMJTUB B #BSDFMPOB 5PVS EF 'SBOÎB EF GB BOZT GPUPHSBGJB QSFTB EFT EF QMBÎB 1FQ 7FOUVSB BM GJOBM EFM USBNWJB 'PUP +PTFQ -ØQF[

1PSUBEB JOEE

1FSTPOFT

4BNVFM &TUVSP J 3PTBMJB 'FMJV NFNCSFT EF MB 'VOEBDJØ 4JRVF i7PMFN FTCPSSBS EFM NBQB MB QBSBVMB AEJTDBQBDJUBU w

VXPDUL % FOUSBEB "DUVBMJUBU 1PMÓUJDB &TQPSUT 3FQPSUBUHF 1FSTPOFT 4FUNBOB FO *NBUHFT &TQBJ $ "HFOEB

$JOFNFT

/PWFUBUT

-B -MBS

.FEJDJOB J 4BMVU

/FDSPMÛHJRVFT

$POTVMUPSJ -FHBM

"OJNËMJB

/JOT $BSUFT EFMT -FDUPST

'PUP %FOÞODJB *NNPCJMJËSJB (BTUSPOPNJB (VJB EF 4FSWFJT 5PU .PUPS 1BTTBUFNQT )PSÛTDPQT

$MBTTJm DBUT 5FOEÒODJFT 5FDOPMPHJB

)RWR DQWLJD

7PMUB DJDMJTUB B #BSDFMPOB 5PVS EF 'SBOÎB EF GB BOZT GPUPHSBm B QSFTB EFT EF QMBÎB 1FQ 7FOUVSB BM m OBM EFM USBNWJB 'PUP DFEJEB +PTFQ -ØQF[ #FMUSBOB 5PUIPN RVF EFTJUHJ WFVSF QVCMJDBEB EF GPSNB HSBUVÕUB BMHVOB GPUPHSBm B TFWB BOUJHB EF #BEBMPOB .POUHBU J 5JBOB QPU GFS MFT BSSJCBS B MB OPTUSB SFEBDDJØ VCJDBEB B $ -MFØ O B #BEBMPOB

r XXX FMUPUEJHJUBM DPN CBEBMPOB!FMUPUEJHJUBM DPN &%*5" 4VCJSBUT 4VCJSBUT &EJUPST 4 - /*' # %*44&/: (3®'*$ * ."26&5"$*» . 4VCJSBUT - $BUBMÈO . -ØQF[ 4 7JMMÏO 3&%"$$*» . 4VCJSBUT $ $BSWBKBM $ 5PSOFSP (JOB EF 5FSB + (BSDÓB / 3JCØ "%.*/*453"$*» 9 4VCJSBUT " 4PSJBOP / 'FSSFS *.13*.&*9 -JUPHSBm B 3PTÏT %*1¾4*5 -&("- # 0'*$*/&4 $ -MFØ O B #BEBMPOB r CBEBMPOB!FMUPUEJHJUBM DPN r XXX FMUPUEJHJUBM DPN %JTUSJCVDJØ HSBUVÕUB B #BEBMPOB .POUHBU J 5JBOB 'B TBCFS RVF FEJUB MB SFWJTUB BNC QBQFS FDPMÛHJD TFHVJOU MFT OPSNBUJWFT FVSPQFFT WJHFOUT

QBH JOEE

-B SFEBDDJØ EF 3FWJTUFT FM 505 OP FT GB OFDFTTËSJBNFOU SFTQPOTBCMF EFM DPOUJOHVU EFMT BSUJDMFT PQJOJPOT J NJTT BUHFT DPNFSDJBMT DPNQSFTPT FO FM TFUNBOBSJ %hBDPSE BNC MB MFHJTMBDJØ WJHFOU FO NBUÒSJB EF QSPUFDDJØ EF MB DPNQFUÒODJB BRVFTUB FEJUPSJBM DPNVOJDB RVF RVFEB UFSNJOBOUNFOU QSPIJCJEB MB SFQSPEVDDJØ UPUBM P QBSDJBM EFMT BOVODJT BSUJDMFT JNBUHFT P DPMrMBCPSBDJPOT RVF BQBSFJYFO FO BRVFTUB QVCMJDBDJØ m OT J UPU DJUBOU MB TFWB QSPDFEÒODJB -hFNQSFTB FEJUPSB OP BDUVB DPN B NJUKBO DFSB FO MFT USBOTBDDJPOT RVF QVHVJO EFSJWBS TF EhBRVFTUB QVCMJDBDJØ OJ FT SFTQPOTBCJMJU[B EF MB WFSJDJUBU EF MB QSP DFEÒODJB EF MFT EBEFT GBDJMJUBEFT QFMT BOVODJBOUT

727 %DGDORQD

1MBOUJMMB#BTF JOEE

727 %DGDORQD

DFWXDOLWDW

G HQWUDGD

t -B DPODFOUSBDJØ WB UFOJS MMPD EBWBOU FM QPMÓHPO EF $BO 3JCØ

3FDMBNFO MB EFTBQBSJDJØ EF MFT CBSSFSFT GÓTJRVFT EF #BEBMPOB DPN MB DBSSFUFSB M BVUPQJTUB J FM USFO #BEBMPOB t -B DPPSEJOBEPSB E FOUJUBUT TPDJBMT EF #BEBMPOB J FMT HSVQT QPMÓUJDT E *$7 &6J" J FM 1BSUJU 1PQVMBS FT WBO DPODFOUSBS EJVNFOHF BM NJHEJB B MB /BDJPOBM ** BM TFV QBT QFM QPMÓHPO EF $BO 3JCØ 4PUB FM MFNB i7PMFN #BEBMP OB 6OJEB 'PSB USFO BVUPQJTUB J / **w WFÕOT QPMÓUJDT J FOUJUBUT TPDJBMT EF MB DJVUBU IBO EF NBOBU RVF FT TPUFSSJ FM USFO J RVF M BVUPQJTUB J MB /BDJPOBM ** QBTTJO B TFS DPOTJEFSBEFT WJFT VSCBOFT BM TFV QBT QFS #BEBMPOB 4FHPOT FMT NBOJ GFTUBOUT FM HPWFSO NVOJDJQBM EF #BEBMPOB IB E BTTVNJS MB TFWB SFTQPOTBCJMJUBU J TFS DPIFSFOU BNC FMT TFVT DPN QSPNJTPT $BM RVF MJEFSJ TJ WPM SFDVQFSBS MB DSFEJCJMJUBU MB QSPUFTUB DJVUBEBOB J BDPOTF

%&OUSBEB JOEE

HVJS MFT NJMMPSFT VSCBOÓTUJRVFT OFDFTTËSJFT QFS WFSUFCSBS MB DJVUBU J NJMMPSBS MFT DPNVOJDB DJPOT FOUSF FMT CBSSJT

OPNÏT MB QSJNFSB EF MFT BD UVBDJPOT RVF GBSBO QFS SFDMB NBS TPMVDJPOT B MFT CBSSFSFT GÓTJRVFT EF MB DJVUBU

-B NBOJGFTUBDJØ WB EVSBS QPDT NJOVUT -B DPODFOUSBDJØ TFHVJOU MFT JOTUSVD DJPOT EFMT .PTTPT E &TRVBESB FT WB SFUJSBS QPDT NJOVU EFTQSÒT EF JOJ DJBS FM UBMM B MB DBSSFUFSB OP TFOTF SFDPSEBS RVF BRVFTUB FSB VOB QSJNFSB J TJNCÛMJDB QSPUFTUB J RVF DPOUJOVBSBO USFCBMMBOU QFS BDPOTFHVJS M JNQMJDBDJØ E BMUSFT DPMtMFDUJVT J MB QBSUJDJQBDJØ BDUJWB EF UPUB MB DJVUBEBOJB QFS QPTBS m B BRVFTUFT CBSSFSFT GÓTJRVFT J TPDJBMT %FT EF MB $PPSEJOB EPSB E &OUJUBUT EF #BEBMPOB IBO BOVODJBU RVF BRVFTUB ÏT

&M .BSFTNF FT NPCJMJU[B BNC UBMMT B MB / ** "RVFTUB EJFT FT DPNNFNP SFO FMT BOZT EF MB QSJNF SB BVUPQJTUB EF QFBUHF EF M &TUBU MB RVF VOFJY .POUHBU BNC .BUBSØ &MT WFÕOT EFM .BSFTNF BJYÓ DPN MB NBKP SJB EFMT TFVT BKVOUBNFOUT J BMHVOT EJQVUBUT FO SFDMBNFO MB HSBUVÕUBU J MB DPOWFSTJØ EF MB /BDJPOBM ** FO VOB WJB VS CBOB "RVFTUB DPODFOUSBDJØ FT GB EFT EFM QFSÛ MB E BRVFTU BOZ UFOJB VO TJHOJmDBU FTQF DJBM QFS M FGFNÒSJEF

727 %DGDORQD

DFWXDOLWDW

$BSMFT $BSWBKBM

t %JWFSTFT BDUJWJUBUT WBO BNFOJU[BS MB DPODFOUSBDJØ J UBMM EF MB / ** BM TFV QBT QFS 1SFNJË EF .BS RVF FT WB BMMBSHBS HBJSFCÏ USFT IPSFT

" EPT RVBSUT E PO[F EFM NBUÓ EFM QBTTBU EJVNFOHF VOB DJORVBOUFOB EF QFSTPOFT EF 7JMBTTBS EF .BS WBO TPSUJS EF M "KVOUBNFOU J FT WBO EJSJHJS B 1SFNJË EF .BS PO FT WBO USPCBS BNC MFT BDUJWJUBUT RVF WBO DPOWFSUJS MB DBSSFUFSB FO VO QBTTFJH EVSBOU USFT IPSFT 3BGBFM "OHVFSB NFNCSF EF MB QMBUBGPSNB DÓWJDB JNQVMTPSB EF MB QSPUFTUB WB EJS RVF MB $ iÏT MB WBSJBOU SFBM EF MB / **w J QFS BJYÛ FO EFNBOB FM USBTMMBU " O H V F S B W B E F O V O D J B S iM JNNPCJMJTNFw EF M &TUBU RVF iOP IB GFU SFTw J WB FYQMJDBS RVF FM EJËMFH BNC M BENJOJTUSBDJØ FTUË iUPUBMNFOU FTHPUBU w QFS RVÒ OP UFOFO iMB NÏT NÓOJ NB JOUFODJØw EF GFS MPT DBT J QFS BJYÛ iMFT NPCJMJU[BDJPOT T JOUFOTJGJDBSBOw KB RVF iOP FOT EPOFO DBQ NÏT PQDJØw -B QMBUBGPSNB IB FYQMJDBU RVF B NÏT EFM TVQPSU EF DJVUBEBOT 727 %DGDORQD

%&OUSBEB JOEE

J QPMÓUJDT IBO SFDPMMJU TJHOBUVSFT iQFS FYJHJS RVF FOT USFHVJO BRVFTUB DBSSFUFSB BTTBTTJOBw

DBS MB TFWB TVQSFTTJØ UPUBM J MB HSBUVÕUBU QFS UPUT FMT SFTJEFOUT B MB DPNBSDB $POTJEFSB RVF IJ IB VO iHSFVHF DPNQBSBUJV JNQPSUBOUw FOUSF MFT QFSTPOFT RVF WJVFO BM .BSFTNF J BMUSFT DPNBSRVFT EF M FOUPSO 5BN CÏ WB EFNBOBS BM (PWFSO RVF GBDJ VOB FTGPSÎ E JOWFSTJØ QFS NJMMPSBS FM USBOTQPSU QÞCMJD BM .BSFTNF &M EJQVUBU BM 1BSMBNFOU E &3$ 1FSF "SBHPOÒT WB EJS RVF iFM DPTU EF M BVUPQJTUB T IB QBHBU NÏT E VOB EVFT J USFT WFHB EFTw BNC FM QFBUHF 1FS BJYÛ WB EFNBOBS iNÏT USBOTQPSU QÞCMJD J NFOZT QFBUHFTw 7B BGFHJS RVF DBM BDPOTFHVJS MB HSBUVÕUBU EFMT QFBUHFT J QFS BJYÛ WB EFNBOBS B M &TUBU iRVF E VOB WFHBEB DSFÓ FM GPOT EF SFTDBU EF QFBUHFT RVF FT WB QBDUBS BNC MB QSËD UJDB VOBOJNJUBU EF UPUT FMT HSVQTw RVF BDUVBMNFOU FTUË BM $POHSÏT EF %JQVUBUT

.FOZT QFBUHFT J NÏT USBOTQPSU QÞCMJD 1FS BMUSB CBOEB EVSBOU FM NJHEJB EF EJVNFOHF J EVSBOU VOB IPSB VOB DJORVBOUFOB EF WFÕOT FT WBO DPODFOUSBS BM QFBUHF E "MFMMB BNC QBO DBSUFT -B DPODFOUSBDJØ WB BDBCBS BNC VO BQFSJUJV B MB NBUFJYB BVUPQJTUB - BMDBMEF EF MB QPCMBDJØ FM CBEBMPOÓ "OESFV 'SBODJTDP WB FYQMJDBS RVF GB DJOD BOZT RVF FMT BMF MMFODT WBO EFDJEJS DPNFOÎBS VOB DBNQBOZB QFS BDPOTF HVJS M BMMJCFSBNFOU EFM QFBUHF RVF WB EVSBS EPT BOZT "DUVBMNFOU J EFT EF mOBMT EFM FMT IBCJUBOUT E "MFMMB OP IBO EF QBHBS QFBUHF 'SBO DJTDP WB FYQPTBS RVF BNC MB DPODFOUSBDJØ FT WPM SFJWJOEJ

DFWXDOLWDW

DFWXDOLWDW

$BSMFT $BSWBKBM

- "KVOUBNFOU TPSUFKBSË QJTPT QÞCMJDT SFQBSUJUT QFS #BEBMPOB #BEBMPOB t %FTQSÒT EF MB NB MB FYQFSJÒODJB EF TPSUFKBS QJTPT EF QSPUFDDJØ PmDJBM BSB GB TFU BOZT BSB M "KVOUBNFOU TPSUFKBSË IBCJUBUHFT RVF FTUBO EJTUSJCVÕUT FO VO UPUBM E PO[F QSPNPDJPOT "RVFTUT QJTPT EPT EFMT RVBMT FTUBO BEBQUBUT QFS B QFSTPOFT BNC NPCJMJUBU SFEVÕEB FT USPCFO TJUVBUT B EJGFSFOUT QSPNPDJPOT KB GJOBMJU[BEFT EF #BEBMPOB BNC IBCJUBUHFT FODBSB QFS BEKVEJDBS &T USBDUB DPODSFUBNFOU EF MFT QSPNPDJPOT VCJDBEFT BMT DBSSFST EF M &TUBEJ IBCJUBU HFT E *TBBD "MCÏOJ[ IBCJ UBUHFT E 6SË IBCJUBUHFT

EF 4BUVSO IBCJUBUHFT NÏT BEBQUBU EF -JT[U IBCJUBU HF EF .P[BSU IBCJUBUHFT

EF (VJQÞ[DPB IBCJUBUHFT

EFM 5PSSFOU EF MB 'POU IB CJUBUHF NÏT BEBQUBU EF $FSWBOUFT IBCJUBUHF EF 1MVUØ IBCJUBUHFT J B MB USBWFTTFSB EF .POUJHBMË IBCJUBUHF

-B TPMtMJDJUVE QFS BM TPSUFJH KB FT QPU EFNBOBS B M 0mDJOB -PDBM E )BCJUBUHF EF #BEBMP OB B M "WJOHVEB E "MGPOT 9*** DBOUPOBEB DBSSFS EF 1POFOU

QFS B QFSTPOFT BNC NPCJMJUBU SFEVÕEB J VO TPS UFJH QFS B M BEKVEJDBDJØ EF MB SFTUB EF IBCJUBUHFT &O UPUBM TF TPSUF KBSBO IBCJUBUHF E VOB IBCJ UBDJØ IBCJUBUHFT EF EVFT IBCJUBDJPOT IBCJUBUHFT EF USFT IBCJUBDJPOT J IBCJUBUHF EF RVBUSF IBCJUBDJPOT /PWB FUBQB EFMT QJTPT QÞ CMJDT B #BEBMPOB &M TPS UFJH E BRVFTUT QJTPT BSSJCB TFU BOZT EFTQSÏT EFM QPMÒNJD QMB E IBCJUBUHF EF M "KVOUBNFOU %FMT HBJSFCÏ QJTPT TPSUF KBUT M BOZ FODBSB SFTUFO BHSBDJBUT QFS BEKVEJDBS VO IBCJUBUHF QÞCMJD %VSBOU M BOZ FM DPOTJTUPSJ CB EBMPOÓ WB BOVODJBS B BMHVOT WFÕOT RVF FTQFSBWFO FM QJT RVF OP IJ DPNQUFTTJO %VSBOU FM TPSUFJH EFMT QJTPT FT WBO BSSJCBS B BTTJHOBS IBCJ UBUHFT RVF mOT J UPU FM TPMBS OP FSB EF QSPQJFUBU NVOJDJQBM "SB UPUT FMT QJTPT RVF TPSUFKBSË M "KVOUBNFOU FTUBO DPOTUSVÕUT

t $BSSFS *TBBD "MCÏOJ[

BM 1BMBV .VOJDJQBM E &TQPSUT J B MFT QËHJOFT XFC X X X FOHFTUVS DBU J XXX CBEBMPOB DBU -FT TPMtMJDJUVET FT QPESBO QSFTFOUBS DPOKVOUBNFOU BNC MB EPDVNFOUBDJØ BDSFEJUBUJWB EFM DPNQMJNFOU EF SFRVJTJUT mOT BM EJNFDSFT EF TFUFN CSF EF B M 0mDJOB -PDBM E )BCJUBUHF EF #BEBMPOB 4PSUFJH QFS BRVFTUT QJTPT QSPUFHJUT EF WFOEB % F O U S F F M M M J T U BU E F G J O J U J V E BENFTPT FT SFBMJU[BSË VO TPS UFJH QFS B M BEKVEJDBDJØ EFMT IBCJUBUHFT BEBQUBUT

< > XXX FOHFTUVS DBU XXX CBEBMPOB DBU

.PSU %PNÒOFD (JSØ DPOTUSVDUPS EVSBOU BOZT EFM EJNPOJ

5FBUSF EF DBSSFS QFS SFDMBNBS NFOZT QPCSFTB BM NØO

"EJHTB MMJVSB FTDSJQUVSFT EF QJTPT EFM CBSSJ EF 4BOU 3PD EF #BEBMPOB

&M QBTTBU EJTTBCUF WB NPSJS B M FEBU EF BOZT FM CBEBMPOÓ %PNÒOFD (JSØ DPOTUSVDUPS EV SBOU NÏT EF BOZT EFM EJNPOJ (JSØ FSB WJESJFS EF QSPGFTTJØ J DBM EFTUBDBS RVF M BOZ WB BHBGBS FM SFMMFV EFM TFV QBSF FO MB UBTDB EF DPOTUSVJS FM EJNPOJ GFJ OB RVF WB GFS EF NBOFSB HBJSFCÏ JOJOUFSSPNQVEB mOT M BOZ FO RVÒ IP WB EFJYBS QFS WPMVOUBU QSÛQJB (JSØ WB GFS QBSFMMB QFS DPOTUSVJS FM EJNPOJ QSJNFS BNC .JRVFM 9JSHV QBSF J EFTQSÏT BNC FM TFV mMM

&M (SVQ EF #BEBMPOB E "NOJTUJB *OUFSOBDJPOBM PSHBOJU[B QFS BRVFTU EJVNFOHF B MFT IPSFT VO BDUF QFS B EPOBS B DPOÒJYFS MB DBNQBOZB i&YJHFJY EJHOJUBUw &O BRVFTU BDUF BNC MB DPMtMBCPSBDJØ E BDUPST J BDUSJVT EFM $ÓSDPM $BUÛMJD EF #BEBMPOB FT GBSË VOB SFQSFTFOUBDJØ EF DPN MB QPCSFTB JNQFEFJY FM QPEFS HBVEJS EFMT ESFUT B MB TB MVU B M FEVDBDJØ P B MB JHVBMUBU "NOJTUJB WB DPNFOÎBS BRVFTUB DBNQBOZB EVSBOU FM NFT EF NBJH QBTTBU

&M DPPSEJOBEPS EF QSPHSBNFT FTUSBUÒHJDT E "EJHTB +PTFQ 4ÈODIF[ WB MMJVSBS MB TFUNB OB QBTTBEB MFT FTDSJQUVSFT EF IBCJUBUHFT DPOTUSVÕUT BNC QSPUFDDJØ PGJDJBM TJUVBUT BM CBSSJ EF 4BOU 3PD %F MFT FTDSJQUVSFT MMJVSBEFT DPSSFT QPOFO B IBCJUBUHFT RVF FT WBO BEKVEJDBS FO SÒHJN E BDDÏT EJ GFSJU B MB QSPQJFUBU J RVF IBWJFO FTUBU DPOTUSVÕUT M BOZ J EFMT RVBMT BSB IBO BDBCBU FMT QBHBNFOUT DPSSFTQPOFOUT QFS FTEFWFOJS OF QSPQJFUBSJT

7DPEÉ ÉV QRWÍFLD

"DUVBMJUBU JOEE

727 %DGDORQD

1MBOUJMMB#BTF JOEE

727 %DGDORQD

DFWXDOLWDW

DFWXDOLWDW -B 1MBUKB EF M &TUBDJØ JODPSQPSB MB SFDPMMJEB TFMFDUJWB EF SFTJEVT #BEBMPOB t - "KVOUBNFOU EF #BEBMPOB J MB .BODPNVOJUBU EF NVOJDJQJT EF M ËSFB NFUSP QPMJUBOB IBO QPTBU FO NBSYB EFT E BSB J mOT RVF BDBCJ MB UFNQPSBEB VOB QSPWB QJMPU EF SFDPMMJEB EF SFTJEVT BM MJUPSBM EF MB DJVUBU -B JOTUBMtMBDJØ EF QBQFSF SFT EF SFDPMMJEB TFMFD UJWB E FOWBTPT FT QPSUB B UFSNF B MB QMBUKB EF M &TUBDJØ &M FT WBO SFDPMMJS LH EF CSPTTB EFMT RVBMT FM FSFO FOWBTPT * BNC BRVFTUB QSPWB QJMPU EF SFDPMMJEB TFMFDUJWB E FOWBTPT #BEBMPOB ÏT M ÞOJDB QPCMBDJØ EF M ËSFB NFUSPQPMJUBOB RVF EJTQPTB E BRVFTU TJTUFNB "NC BRVFTUB JOJDJBUJWB FT QSFUÏO GBDJMJUBS RVF FMT QSPQJT

t &MT DPOUFOJEPST TFMFDUJVT T IBO JOTUBMtMBU B MB QMBUKB EF M &TUBDJØ

E BRVFTUB QSPWB FO EFQFOESË MB QPTTJCMF JNQMBOUBDJØ B UPU FM MJUPSBM CBSDFMPOÓ J B BMUSFT QMBUHFT CBEBMPOJOFT

VTVBSJT EF MB QMBUKB DMBTTJm RVJO FO FM QVOU EF SFDPMMJEB DPOUSJCVJOU B MB DVSB EFM NF EJ BNCJFOU %FMT SFTVMUBUT

/FTUMÏ DPOUSBDUB JNNJHSBOUT FO BUVS QFS WFOESF HFMBUT #BEBMPOB t $JVUBEBOT E PSJHFO QBLJTUBOÒT USFCBMMBSBO FO RVJPT DPT EF HFMBUT EF MB NBSDB /FTUMÏ EVSBOU BRVFTU FTUJV &O UPUBM FT USBDUB EF OPV QVOUT EF WFOEB VCJDBUT B #BEBMPOB 4BOU "ESJË J #BSDFMPOB - BTTPDJBDJØ TFOTF ËOJN EF MVDSF /BEBZ & 1BLJTUBO

BNC TFV B #BEBMPOB WB DPOUBD UBS BSB GB VOT UFNQT BNC MB DPOF HVEB FNQSFTB EF HFMBUT -B NVM UJOBDJPOBM WB BDDFQUBS MFT TFWFT QSPQPTUFT J BSB KB TØO EFTFOFT FMT OPVWJOHVUT RVF FT CFOFmDJFO E BRVFTU BDPSE 4FHPOT 4BZEVMÈ ,IBO QSFTJEFOU EF M FOUJUBU FM

TFV PCKFDUJV FSB BKVEBS B BRVFMMT DPNQBUSJPUFT RVF FT USPCBWFO FO VOB TJUVBDJØ FDPOÛNJDB NPMU QSFDËSJB ,IBO IB FYQMJDBU RVF FMT TFSWFJT TPDJBMT NVOJDJQBMT FT WBO FODBSSFHBS EF GFS MB USJB EFM QFSTPOBM BUFOFOU B MFT OFDFTTJ UBUT EF DBEB MMPD EF USFCBMM

4FOTF 3PMÛESPN QFS NBO DB EF TVQPSU NVOJDJQBM

'FTUB EF DBSB BM NBS B .POUHBU

-FT FOUJUBUT KVWFOJMT %FNBTJBUT J FM (SJQBV #MBV IBO EFOVO DJBU MB NBODB EF TVQPSU EF MB 3FHJEPSJB E &TQPSUT J +PWFOUVU BMIPSB E PSHBOJU[BS MFT KPSOBEFT EF KPDT EF SPMT BOPNFOBEFT 3PMÛESPN RVF EFT EF GB BOZT T FTUBWFO QPSUBOU B UFSNF B EJ GFSFOUT FTQBJT EF MB DJVUBU 1FS MB TFWB CBOEB EFT EFM HPWFSO MPDBM IBO BOVODJBU RVF MB TFWB DPMtMBCPSBDJØ IB FTUBU MB NBUFJYB RVF MB EFMT BMUSFT BOZT J IBO BTTFHVSBU RVF FTUBO EJTQPTBUT B NBOUFOJS VOB SFVOJØ QFS EPOBS TVQPSU B MB KPSOBEB

"RVFTU EJTTBCUF .POUHBU DF MFCSB VOB OPWB FEJDJØ EF MB 'FTUB EF DBSB BM NBS B MB QMBUKB EF M FTQJHØ -FT BDUJ WJUBU DPNFOÎBSBO B MFT EFM WFTQSF BNC VOB CPUJGBSSBEB J VOB TBSEJOBEB QPQVMBS 6OB IPSB NÏT UBSE UJOESË MMPD VOB QSPDFTTØ EF CBSRVFT QFS DF MFCSBS MB GFTUJWJUBU EF MB 7FSHF EFM $BSNF %FTQSÒT UJOESË MMPD VO DSFNBU EF SPN QFS B UPUIPN J B QBSUJS EF MB NJUKBOJU B MB NBUFJYB QMBUKB IJ IBVSË VO DPODFSU EF NÞTJDB +PWF i3FHHBF /JHIU 3FVOJPOw

7DPEÉ ÉV QRWÍFLD 3FOPWBDJØ EF M FTDPMB -MPSFOÎ "SUJHBT B DËSSFD E &OHFTUVS -B TPDJFUBU NVOJDJQBM &OHFTUVS IB JOJDJBU FMT USFCBMMT EF SFOPWBDJØ EF MB QBWJNFOUBDJØ J EF MFT YBS YFT EF TFSWFJT J M BEFRVBDJØ EF MFT QJTUFT FTQPSUJWFT EF M FTDPMB -MPSFOÎ "SUJHBT EF /PWB -MPSF EB EPOBU RVF DBMJB NJMMPSBS OF MB VSCBOJU[BDJØ &MT USFCBMMT QSPHSB NBUT FO FM NPNFOU E BDBCBNFOU EFM DVST FTDPMBS DPOTJTUFJYFO FO MB SFBMJU[BDJØ EF OPWFT YBSYFT QMVWJBMT J GFDBMT FO MB SFIBCJMJUB DJØ EFMT QBWJNFOUT QFSJNFUSBMT P FO BDUVBDJPOT B MFT HSBEFSJFT J B MFT FTDBMFT

"DUVBMJUBU JOEE

727 %DGDORQD

-B UBMB E VOB RVBSBO UFOB E BSCSFT BM DBSSFS #BMEPNFS 4PMË QSPWPDB MFT RVFJYFT EF OPNCSPTPT WFÕOT

&MT WFÕOT EF MB DPMÛOJB 4BOU +PSEJ EFNBOFO RVF T BDBCJ MB SFNPEFMBDJØ EF MB [POB

DFWXDOLWDW

$BSMFT $BSWBKBM

t *NBUHF EFMT BSCSFT UBMBUT BM DBSSFS #BMEPNFS 4PMË *HOBTJ -ØQF[

&M 3BWBM t -B UBMB E VOB RVB SBOUFOB E BSCSFT BM DBSSFS #BM EPNFS 4PMË OP IB BHSBEBU B VO HSBO OPNCSF EF WFÕOT EF MB [POB "MHVOT E FMMT RVF T IB QPTBU FO DPOUBDUF BNC BRVFT UB SFEBDDJØ IBO SFDMBNBU RVF M "KVOUBNFOU FYQMJRVJ FM NPUJV E BRVFTUB UBMB RVF NPMUT WFÕOT DPOTJEFSFO JOEJTDSJNJOBEB 1FS MB TFWB CBOEB M "KVOUBNFOU IB FYQMJDBU RVF BMHVOT EFMT BSCSFT FTUBWFO NBMBUT J E BMUSFT T IBWJFO EF UBMMBS QFS NPUJVT MPHÓTUJDT B DBVTB EF MhBNQMJBDJØ EF MFT WPSFSFT &M DPOTJTUPSJ T IB DPN QSPNÒT B QMBOUBS OF EF OPVT "M HVOT FYFNQMBST T IBWJFO QMBOUBU M BOZ

t &MT WFÕOT WBO NBOJGFTUBS TF MB TFUNBOB QBTTBEB B MB 1MBÎB EF MB 7JMB

$BOZFU t 7FÕOT EF MB DPMÛ OJB EF 4BOU +PSEJ B $BOZFU IBO EFOVODJBU RVF EFV BOZT EFTQSÏT RVF T JOJDJFTTJO MFT PCSFT EF SFNPEFMBDJØ EF EJ WFSTPT DBSSFST EF MB [POB BMHVOFT E FMMFT FODBSB FTUBO QFOEFOUT E BDBCBS &M QPSUBWFV EFMT WFÕOT .B OFM #BMMFTUFSPT IB FYQMJDBU RVF iFODBSB SFTUB QFOEFOU M BDBCBNFOU EF MB VSCBOJU [BDJØ EFM DBSSFS EF M &TDBMB

4 IJ WBO EFTUJOBS NJM FVSPT TF O WBO HBTUBS NJM FVSPT J MB SFTUB OP TBCFN RVJ FMT HVBSEBw #BMMFUFSPT UBNCÏ IB FYQMJDBU RVF FMT WFÕOT IBO QBHBU QBSU E BRVFTUT EJOFST J RVF B EJB E BWVJ 5FMFGØOJDB FODBSB OP IB TPUFSSBU FMT DB CMFT %VSBOU FM EBSSFS QMF NV OJDJQBM M BMDBMEF +PSEJ 4FSSB FT WB DPNQSPNFUSF IB EFT FODBMMBS MFT PCSFT E BRVFTUB DPMÛOJB

3FUBSE EF EVFT QSPNPDJPOT E IBCJUBUHF TPDJBM B 5JBOB

&MT IBCJUBUHFT TPDJBMT EF $BO +PSEBOB EF 5JBOB T FOUSFHBSBO BRVFTU NFT

-FT EVFT QSPNPDJPOT E IBCJUBUHF TPDJBM QSFWJTUFT B 5JBOB MB EF $BO (BJFUË J MB EF MB $SFV EF 5FSNF T IBO FOEBSSFSJU VO BOZ B DBVTB EF M BDUVBM DSJTJ -FT DPOTUSVDUPSFT T IBO USPCBU BNC EJGJDVMUBUT QFS BDPOTFHVJS VO DSÒEJU BNC FM RVBM UJSBS FOEB WBOU FMT QSPKFDUFT - "KVOUBNFOU UJBOFOD IB EFNBOBU VOB NB KPS DPMtMBCPSBDJØ EF MFT FOUJUBUT GJOBODFSFT J IB EFNBOBU B MB (FOFSBMJUBU NÏT NFTVSFT RVF GBDJMJUJO M BDDÏT B M IBCJUBUHF

&MT )BCJUBUHFT TFSBO FOUSFHBUT B GJOBMT EF KVMJPM EJOT EFM DB MFOEBSJ QSFWJTU &M QSPDFEJNFOU E BEKVEJDBDJØ TFHPOT FM TPSUFJH DFMFCSBU M BOZ DPOUJOVB J BSB T PCSJSË FM QSPDFEJNFOU QFS BEKVEJDBS FMT EPT IBCJUBUHFT SFTFSWBUT QFS QFSTPOFT BNC NPCJMJUBU SFEVÕEB 4FHPOT IB JOGPSNBU M *.140- MFT PCSFT EF MB QSPNPDJØ IBO FOUSBU FO MB GBTF mOBM J QSPQFSBNFOU FT DPOWPDBSË BMT BEKVEJDBUBSJT B FOUSFHB EF DMBVT

7DPEÉ ÉV QRWÍFLD .FOZT BUVSBUT B .POUHBU J B 5JBOB %VSBOU FM EBSSFS NFT EF KVOZ MB DPNBSDB EFM .BSFTNF IB SFEVÕU VO MFT EBEFT E BUVS FO SFMBDJØ BM NFT EF NBJH BNC QFSTPOFT BUVSBEFT NFOZT "RVFTU EFT DFOT UBNCÏ T IB SFHJTUSBU B .POUHBU J 5JBOB " .POUHBU IJ IB BDUVBMNFOU QFSTP OFT BUVSBEFT VO NFOZT RVF EVSBOU FM NFT EF NBJH * B 5JBOB T IBO SFHJTUSBU QFSTPOFT BUVSBEFT VO NFOZT RVF EVSBOU FM QBTTBU NFT EF NBJH 727 %DGDORQD

"DUVBMJUBU JOEE

RSLQLÓ

DPE YHX SUÒSLD 5SËWFMJOHT BM CVT DPOUF E FTUJV

-B NBOJQVMBDJØO QFSKVEJDB -" 4"-6%

0SJPM -MBEØ CMPDT NFTWJMBXFC DBU BMCVNEFSFUBMMT PSJPMMMBEP DBU

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

"TTFHVU BM CVT NJSBOU GJOFTUSB FOMMË TFHVJB VOB QBSFMMB RVF DBNJOBWB BHBGBEB EF MB NË &M HSBO WFIJDMF FT NPWJB BM TFV QBT FTCV GFHBOU RVFJYØT -B DJVUBU FN SFHBMBWB VO FTQMÒOEJE USËWFMJOH FMT NFVT VMMT KB U IP WBJH EJS TØO DPN VOB DËNFSB

&O QPDT TFHPOT SFUSPCBWB B MB QBSFMMB +B B MB QBSBEB FMT FTUVEJBWB NÏT USBORVJMtMBNFOU FO QMB BNFSJDË 1BSMBWFO NPMU B QSPQ J MB NË E FMMB BQBSUBWB VO CMF EF DBCFMMT E FMM J MB E FMM QPTBWB CÏ MB DBNJTB B FMMB * BMFTIPSFT IBO GFU VOB QBTTB FOEBWBOU DBQ B M BVUPCÞT PO FODBSB BOBWB QVKBOU MB HFOU * FMT IF UJOHVU FO VO RVBTJ QSJNFS QMB 4 IBO CFTBU MMBSHB NFOU J HFOFSPTBNFOU BNC BRVFMMB CBSSFKB E VSHÒODJB J JOEJGFSÒODJB RVF VO OPNÏT QPU UPDBS QFS VOT TFHPOT J FODBSB TPS U FO M BEPMFTDÒODJB 5PU FM TFV NØO FSB BRVFMM QFUØ DPN TJ MB SFTUB EF DPTFT FT QPHVÏT FTDPMBS BJHàFSB BWBMM 7JBUKBWFO BM DFOUSF EF MB UFSSB BNC MFT TFWFT MMFOHàFT EFGVHJOU UPUFT MFT QBSBVMFT FO VO WFSUJHJOØT QMB DJSDVMBS 2VBO M BVUPCÞT BOBWB QFS SFQSFOESF MB NBSYB FMMB IB QJDBU MB QPSUB J FM DPOEVDUPS IB GSFOBU QFS EFJYBS MB QVKBS B EJOT &MFHËODJB GFMJOB MB E FMMB MB TPCÒSCJB EF MB KPWFOUVU FMT MMBWJT NVMMBUT J WFSNFMMT VO TPNSJVSF EFTPSJFOUBU 4 IBO EJU BEÏV BNC FM TFV DPEJ PDVMU UIF XBZ ZPVOH MPWFST EP IBHVÏT EJU 7BO .PSSJTTPO

NFOUSF FM CVT BOBWB HJSBOU MB DBOUPOBEB * KP IF UBODBU FMT VMMT CVTDBOU VOB GPTB FO OFHSF J IF QFOTBU FO FMT QFUPOT TFOTF BHFOEB OJ AUJD UBD FMT QFUPOT QFSRVÒ TÓ +B WFVT RVF BRVFTU NBUÓ EBMU EF M BVUPCÞT IF SFDPSEBU RVBO MFT DPTFT FSFO NÏT TFO [JMMFT

0QJOJP JOEE

2VJFO EJHB RVF FM CBSSJP EF -B 4BMVE OP FTUÈ FOUSF MBT QSJPSJEBEFT EFM HPCJFSOP EF #BEBMPOB NJFOUF JOUFODJPOBEBNFOUF Z FONBTDBSB TVT WFSEBEFSBT JOUFODJPOFT FO VO FKFSDJDJP EF DJOJTNP BOUJEFNPDSÈ UJDP CBTBEP FO RVF FM mO KVTUJmDB MPT NFEJPT 1SFDJTBNFOUF VO MVHBS UBO FNCMFNÈUJDP Z RVFSJEP QBSB MPT CBEBMPOFTFT DPNP FM #BSSJP EF MB 4BMVE OP QVFEF EFKBSTF NBOFKBS QPS QFSTPOBT TFSWJMFT B MBT DPOTJHOBT EF DJFSUPT QBSUJEPT QPMÓUJDPT RVF DBSHB EPT EF QSFKVJDJPT NPSBMFT Z PMWJEBOEP MB EVSF[B RVF SFQSFTFOUB FM TFS JONJHSBOUF QSFQBSBO FODBCF[BO Z NFEJBUJ[BO MBT NBOJGFTUBDJPOFT QSPQJDJBOEP MB DSJTQBDJØO Z FM FOGSFOUBNJFOUP FOUSF WFDJOPT EF EJT UJOUPT PSÓHFOFT DPTUVNCSFT Z DSFFODJBT SFMJHJPTBT SFQBSUJFOEP DPOTJHOBT FO MB RVF QSFEPNJOBO MBT DSÓUJDBT Z MBT BDVTBDJPOFT B MB HFTUJØO EFM HPCJFSOP MPDBM DVBOEP BEFNÈT MP IBDFO FTDPOEJFOEP QPS DPNQMFUP TV QSPQJB SFTQPOTBCJMJEBE DPNP QBSUJEPT EF MB PQPTJDJØO BOUF TV JODBQBDJEBE QBSB QSFTFOUBS OJ VOB TPMB QSPQVFTUB FGFDUJWB P BQPZBS VOB JOJDJBUJWB EF PUSP QBSUJEP RVF QVEJFSB QFSKVEJDBS TVT FTUSBUF HJBT FMFDUPSBMFT -B 4BMVE OP TØMP QSFPDVQB Z PDVQB B MPT EJSJHFOUFT EF MB DJVEBE TJOP RVF SFQSFTFOUB VOB PQPSUVOJEBE SFBM QBSB EFNPTUSBS RVF JNQVMTBOEP DPO ÏOGBTJT MBT NFEJEBT VSCBOÓTUJDBT EF TFHVSJEBE TPDJP TBOJUBSJBT EF PQPSUVOJEBE MBCPSBM EF BDDFTP B MB WJWJFOEB TPDJBM Z MB FOTF×BO[B QÞCMJDB DVMUVSBMFT Z EFQPSUJWBT RVF UBO CVFOPT SFTVMUBEPT FTUÈO QSPEV DJFOEP FO PUSPT CBSSJPT DPNP 4BO 3PRVF "SUJHBT P -B 1BV NFEJBOUF VOB HFTUJØO JOUFHSBM CBTBEB FO FM BQSPWFDIBNJFOUP EF MBT JOWFSTJPOFT MB EJTUSJCVDJØO EF MB JOGPSNBDJØO NVOJDJQBM MB PSEFOBDJØO EF MBT DPOEVDUBT MB EJGVTJØO EF MBT CVFOBT DPTUVNCSFT Z FM GPNFOUP EF MB JHVBMEBE Z MB UPMFSBODJB FT QPTJCMF DBNCJBS MB mTPOPNÓB TPDJPMØHJDB Z SFWJUBMJ[BS UPEP VO CBSSJP &O VO NPNFOUP FO RVF MB DPOmBO[B FO MBT JOTUJUVDJP OFT FTUÈ FO UFMB EF KVJDJP OP NF QBSFDF KVTUP RVF TF OJOHVOFFO MPT FTGVFS[PT FDPOØNJDPT EFEJDBEPT FO FM CBSSJP EF -B 4BMVE FO MPT EPT ÞMUJNPT B×PT DPNP MP QSVFCB MB SFNPEFMBDJØO VSCBOÓTUJDB EF NVDIBT EF TVT DBMMFT Z QMB[BT MB EFEJDBDJØO FTQFDÓmDB EF QSPGFTJPOBMFT Z UÏDOJDPT NVOJDJQBMFT MB DPOUSJCV DJØO DPO TV USBCBKP EF BTPDJBDJPOFT Z FOUJEBEFT Z MBT NFKPSBT FO MP RVF TF SFmFSF B TFHVSJEBE QPMJDJBM BM USBUBSTF EFM ÞOJDP CBSSJP EF #BEBMPOB RVF DVFOUB DPO QSFTFODJB QPMJDJBM mKB MPT EÓBT EFM B×P "MHVOPT SFOUBCJMJ[BO MB BDDJØO QPMÓUJDB QSPWPDBOEP FM EFTFODBOUP EF MB HFOUF "MMÈ DBEB DVBM DPO TV DPODJFODJB -P RVF OP TF EFCF FT GBMUBS B MB WFSEBE Z TJ CJFO FT DJFSUP RVF FM CBSSJP FT VO FTQBDJP NVZ BGFDUBEP QPS MPT DBNCJPT FDPOØNJDPT EFNPHSÈm DPT Z TPDJPDVMUVSBMFT EF MPT ÞMUJNPT UJFNQPT OP FT NFOPT DJFSUP RVF FM USBCBKP EF CBTF MBT NFEJEBT FTQFDÓmDBT QBSB TV SFBDUJWBDJØO Z MB JNQMJDBDJØO EF MPT EJTUJOUPT BHFOUFT BDBCBSÈO JNQVMTBOEP B -B 4BMVE BM MVHBS RVF TF NFSFDF

727 %DGDORQD

+6-*0 %& -0$63" 7*4$0&-«45*$0 $"/"1² 10-*1*&-

Ã¥

9 å 9 å

9

Ã¥

30%6 4 1

$504 5

04 0% /

"º04 ("3"/5*"

4530 6&

9 å 9 å

$"/"1² ."%&3"

$&3&;0 0 8&/(6&

Ã¥

-«5&9 "35*$6-"%0

7*4$0&-«45*$0 9 å 7*4$0&-«45*$0 9 å

Ã¥

&-²$53*$04 7*4$0&-«45*$04

Ã¥

$ 3PTFMMÃ&#x2DC;O #"%"-0/"

*7" : 53"/41035&4 */$-6*%04 "35¶$6-04 %& %&4$"/40 3PTTFMMP /PV JOEE

1*&;"4 %& &416." $035"%"4 " .&%*%"

DFWXDOLWDW

3ROÍWLFD 1SJNFS YPD FOUSF 11 J 1Y$ FO VOB NBOJGFTUBDJØ BM CBSSJ EF -B 4BMVU

t JNBUHF EF MB NBOJGFTUBDJØ EF -B 4BMVU EF MB QBTTBEB TFUNBOB

-B 4BMVU t 6OB TFUNBOB EFT QSÏT RVF FM QSFTJEFOU EFM 11 9BWJFS (BSDÓB "MCJPM SFTUÏT JN QPSUËODJB B MB QSFTÒODJB EFM QBSUJU E VMUSBESFUB 1MBUBGPSNB QFS $BUBMVOZB B #BEBMPOB T IB QSP EVÕU FM QSJNFS YPD FOUSF MFT EVFT GPSNBDJPOT FO VOB NBOJGFTUBDJØ EF WFÕOT BM CBSSJ EF -B 4BMVU 6OFT QFSTPOFT WBO TPSUJS BM DBSSFS TPUB FM MFNB iDPOUSB MB JOTFHVSFUBU QFS MB EJHOJUBUw QFS SFDMBNBS B M BMDBMEF +PSEJ 4FSSB RVF WFUMMJ QFS MB TFHVSFUBU J RVF FMT BTTJTUFOUT TPDJBMT BKVEJO MFT QFSTPOFT NÏT BGFDUBEFT QFS MB DSJTJ FDPOÛNJDB 4FHPOT MB QSFTJEFOUB EF M "TTPDJBDJØ EF 7FÕOT EF -B 4BMVU "MUB +ÞMJB 4ÈODIF[ iIJ IB NPMUB HFOU BM CBSSJ RVF IP FTUË QBTTBOU NPMU NBMBNFOU mOT BM QVOU EF EPSNJS BM DBSSFS P FO VO DPUYF J IBO BOBU BMT BTTJTUFOUT TPDJBMT J FMT IBO OFHBU MFT BKVEFTw " MB NBOJGFT UBDJØ IBO BTTJTUJU SFHJEPST EFM 11 J FM QSFTJEFOU EF MB GPSNBDJØ 9BWJFS (BSDÓB "MCJPM RVF FT WB USPCBS BNC FM NËYJN EJSJHFOU EF MB 1MBUBGPSNB QFS $BUBMVOZB +PTFQ "OHMBEB BDPNQBOZBU E BMUSFT NFNCSFT E BRVFTU QBSUJU RVF MMJVSBWFO GVMMFUPOT DPOUSB MB JNNJHSBDJØ 7B TFS BMFTIPSFT RVBO 4ÈODIF[ J BMUSFT NFNCSFT EF M FOUJUBU WFÕOBM WBO FYQVMTBS B

1PMÓUJDB JOEE

DSJUT FMT NFNCSFT EF 1Y$ 5BOU MB QSFTJEFOUB EF M BTTPDJBDJØ EF WFÕOT DPN NFNCSFT EF MB KVOUB OP BNBHVFO MB TFWB WJODVMBDJØ BNC FM 11 %F GFU 4ÈODIF[ ÏT DËSSFD EF DPOmBOÎB EFM QBSUJU EFTQSÏT EF MB NBSYB EF +PSEJ .BSDPT RVF FYFSDJB E BTTFTTPS EFM HSVQ NVOJDJQBM QPQVMBS

(BSDÓB "MCJPM T IB NPTUSBU TBUJTGFU RVF VO EJB EFTQSÏT EF MB NBOJGFTUBDJØ B -B 4BMVU (VËSEJB 6SCBOB J .PTTPT E &TRVBESB IBHJO EFUJOHVU VOB USFOUFOB EF QFSTPOFT FO FMT CBSSJT EF -B 4BMVU J -MFmË EF #BEBMPOB J B 4BOUB $PMPNB EF (SBNFOFU DPN B QSFTVNQUFT BVUPSFT EF SP CBUPSJT B WFÕOT EFM CBSSJ J FO BMHVOT DPNFSÎPT EF MB [POB 5BNCÏ T IB BDUVBU FO BMHVOT QJTPT TPCSFPDVQBUT EFM CBSSJ RVF TFHPOT FM 11 IBWJFO FTUBU iEFOVODJBUT SFJUFSBEB NFOU QFMT WFÕOT J QFM HSVQ QPQVMBSw -FT EFDMBSBDJPOT EF (BSDÓB "MCJPM IBO USPCBU MB SFTQPTUB EFM HPWFSO NVOJDJQBM RVF IB BDVTBU FM 11 EF NBOJQVMBS J IB FYQMJDBU RVF M PQFSBDJØ QPMJDJBM FT QPSUBWB QSFQBSBOU EFT EF GFJB TFUNBOFT %FT EF M FRVJQ EF HPWFSO T IB JOTUBU BM QSFTJEFOU EFM 11 iB EFJYBS FMT QSPGFTTJPOBMT EF MFT GPSDFT QÞCMJRVFT BM NBSHF EFMT TFVT PCKFDUJVT QBSUJEJT UFTw J IB UJUMMBU MFT QBSBVMFT EF M PQPTJDJØ QPQVMBS EF iNFOZT QSFV B MB JOUFMtMJHÒODJB EFMT DJVUBEBOTw QFS GFS MPT DSFVSF RVF MB NBOJGFTUBDJØ WB QSPWP DBS M PQFSBDJØ QPMJDJBM

"OHMBEB DPOUFOU EF MB JNQMBOUBDJØ EFM QBSUJU B MB DJVUBU 1FS MB TFWB CBOEB FM MÓEFS EF MB 1MBUBGPSNB +PTFQ "OHMBEB IB FNÒT VO DPNVOJDBU FO RVÒ DBSSFHB DPOUSB FM 11 iFM 1BSUJU 1PQVMBS GB HBMB EF MB TFWB MMVJUB DPOUSB MB JOTFHVSFUBU DJV UBEBOB J T IB EFNPTUSBU RVF BNC SFHJEPST OP IB FTUBU DBQBÎ EF GFS GSPOU B MB EFMJO RàÒODJB J BMT QSPCMFNFT EF DPOWJWÒODJBw 4FHPOT FM MÓEFS E BRVFTU QBSUJU E VMUSBESFUB 1Y$ FTUË TFOU NPMU CFO SF CVEB B #BEBMPOB J iIBO FTUBU NPMUFT MFT QFSTPOFTw RVF FT WBO BQSPQBS B "OHMBEB FM EJB EF MB NBOJGFTUBDJØ &M 11 FT QFOKB MB NFEBMMB E VOFT EFUFODJPOT BM CBSSJ J FM HPWFSO M BDVTB EF NBOJQVMBS &M QSFTJEFOU EFM 11 9BWJFS

727 %DGDORQD

5PUT FMT HSVQT NVOJDJQBMT GBO QJOZB QFS EFNBOBS B MB (FOFSBMJUBU RVF UJOHVJ FO DPNQUF MB $ #BEBMPOB t $PJODJEJOU BNC FMT BOZT EF M FOUSBEB FO GVODJPOBNFOU EFM QFBUHF EF M BVUPQJTUB $ FM 1MF .VOJDJ QBM IB BQSPWBU QFS VOBOJNJUBU VOB NPDJØ FO RVÒ T IB BDPSEBU QSFTFOUBS BMtMFHBDJPOT BM 1MB 5FSSJUPSJBM .FUSPQPMJUË EF #BSDF MPOB QFSRVÒ UJOHVJ FO DPNQUF MB USBOTGPSNBDJØ EF MB $ BM TFV QBT QFS #BEBMPOB DPN VOB WJB TVCVSCBOB J OP QBT DPN VOB BVUPQJTUB 'B VOT EJFT *$7 &6J" EFOVODJBWB FO VOB OPUB EF QSFNTB RVF FM 1MB 5FSSJUPSJBM IBWJB PCMJEBU MB USBOTGPSNBDJØ EF MB $ J FO FM QMF T IB GFU QBMÒT RVF UPUT FMT HSVQT NVOJDJQBMT EF MB DJVUBU FTUBO E BDPSE FO MB JNQPSUËODJB E BRVFTUB RàFTUJØ 5PU J BJYÓ FM SFHJEPS QPQVMBS 3BNPO 3JFSB WB EVCUBS EF MB WPMVOUBU EFM HPWFSO NVOJDJQBM QFS BWBOÎBS FO BRVFTU DBNQ iM FRVJQ EF HPWFSO IB BQSPWBU DPOTUSVJS FRVJQBNFOUT TPUB M BVUPQJTUB FM RVF EFNPTUSB RVF OP IJ IB WPMVOUBUw QFS GFS E BRVFTUB BVUPQJTUB VOB WJB TV CVSCBOB %FT EFM HPWFSO UBO $J6 DPN FM 14$ WBO QPTBS ÒNGBTJ FO MB JNQPSUËODJB E BDBCBS FMT MBUFSBMT EF M BVUPQJTUB BCBOT EF QBDJmDBS M BVUPQJTUB J RVF T FTUBO GFOU QBTTPT FO BRVFTUB MÓOJB - PQPTJDJØ SFUSFV BM HPWFSO MB MFOUJUVE FO SFTPMESF MB TJUVBDJØ EFMT MPDBMT EF $BO 3JCØ *$7 &6J" WB QSFTFOUBS VOB NPDJØ FO SFQSFTFOUBDJØ EF MFT BTTPDJBDJPOT EF WFÕOT EFM .BO SFTË $BOZBEØ *SJT 4PM $BTB

DFWXDOLWDW

$BSMFT 5PSOFSP

t *NBUHF EF MB DBNQBOZB RVF FTUË GFOU *$7 &6J" B MB DJVUBU QFS USBOTGPSNBS MB $ FO VOB WJB TVCVSCBOB

&M 11 TF TVNB BM DPOTFOT J BQPTUB QFM SFDJDMBUHF EFMT MMJCSFT EF UFYU 5PU J RVF FM 11 WB QSFTFOUBS VOB NPDJØ B GBWPS EF MB HSB UVÕUBU EFMT MMJCSFT EF UFYU mOBM NFOU FT WB TVNBS B MB QSPQPTUB EF MB SFTUB EF HSVQT NVOJDJQBMT RVF BQPTUFO QFM SFDJDMBUHF -B NPDJØ RVF FSB QSPQPTBEB QFS *$7 &6J" mOBMNFOU FT WB BQSPWBS QFS VOBOJNJUBU J DPN QSPNFU FM HPWFSO NVOJDJQBM B EFTUJOBS FVSPT QFS BM DVST QFS BKVEBS MFT FTDPMFT QÞCMJRVFT J DPODFSUB EFT RVF JNQVMTFO BRVFTU TJT UFNB EF SFDJDMBUHF -B NPDJØ JODMPV UBNCÏ EFNBOBS NÏT SFDVSTPT B MB (FOFSBMJUBU "D UVBMNFOU KB IJ IB DFOUSFT EF QSJNËSJB RVF USFCBMMFO FO BRVFTUB TPDJBMJU[BDJØ EFMT MMJ CSFT EF UFYU RVF FTUBMWJB EJOFST BMT QBSFT

HFNFT $FOUSF J $BO .FSDBEFS SFDMBNBOU VOB BDUVBDJØ JNNF EJBUB QFS SFHVMBSJU[BS EFMT MPDBMT E PDJ EF $BO 3JCØ &M 11 T IJ WB BCTUFOJS UPU J RVF FM QSFTJEFOU QPQVMBS 9BWJFS (BSDÓB "MCJPM WB UJUMMBS FM HPWFSO NVOJDJQBM Ew JSSFTQPOTBCMFw QFS OP IBWFS SFTPMU MB RàFTUJØ FO BOZT %FT EFM HPWFSO NVOJDJQBM 14$ J $J6 WBO UPNCBS MB NPDJØ J WBO EF GFOTBS MB GFJOB GFUB FO FMT ÞMUJNT BOZT FO NBUÒSJB EF TFHVSFUBU J USËOTJU i4 FTUË BVHNFOUBOU MB WJHJMËODJB J T FTUË NJMMPSBOU MB DJS DVMBDJØ FM RVF BSB IFN EF SFTPM ESF ÏT M BMUSB QSPCMFNB FMT EFMT MMPHBUFST BNC FM TFV QSPQJFUBSJw WB FYQMJDBS M BMDBMEF EF MB DJVUBU FM TPDJBMJTUB +PSEJ 4FSSB 1FS BM USB CBOEB FM QPSUBWFV EFM 14$ 'SBODFTD 4FSSBOP WB QPTBS FO EVCUF RVF FMT FDPTPDJBMJTUFT SFQSFTFOUJO MFT BTTPDJBDJPOT EF WFÕOT EF MB [POB

&3$ JOTUB .BSJOB #BEBMPOB B DPNQMJS MB OPSNBUJWB EFM DBUBMË 'BÎBOB .BSÓUJNB t &M QSFTJ EFOU E &3$ B #BEBMPOB +PSEJ "MCBMBEFKP IB FOWJBU VOB DBSUB BM DPOTFMMFS EFMFHBU EF .BSJOB #BEBMPOB 4" +VBO 'FMJQF 3VÓ[ QFSRVÒ DPNQMFJYJ MB OPS NBUJWB WJHFOU EF M ÞT EFM DBUBMË FO MB 1SJNFSB .PTUSB /ËVUJDB 727 %DGDORQD

1PMÓUJDB JOEE

UBMVOZB J BM 3FHMBNFOU E 6TPT -JOHàÓTUJDT EF M "KVOUBNFOU EF #BEBMPOBw "MCBMBEFKP IB SF DPSEBU B 3VÓ[ RVF FM $FOUSF EF /PSNBMJU[BDJØ -JOHàÓTUJDB EF #BEBMPOB J 4BOU "ESJË EJTQPTB E VO TFSWFJ QÞCMJD EF DPSSFDDJØ EF UFYUPT FO DBUBMË

E 0DBTJØ RVF T IB PSHBOJU[BU BM 1PSU EF #BEBMPOB 4FHPOT MB GPSNBDJØ JOEFQFOEFOUJTUB FM DBUBMË iÏT JOFYJTUFOU FO MB DBSUFMMFSJB J FO M BOVODJ EF MB NPTUSB FO FM XFC PGJDJBM EF .BSJOB #BEBMPOB DPOUSBEJFOU B M &TUBUVU E "VUPOPNJB EF $B

0#3" /6&7" FO #6'"-® $ %0$503 30#&35 &/53&(" */.&%*"5"

1*404 Z «5*$04 %Á1-&9 DPO 5&33";"

/6&7"4 0'&35"4

Z IBC CB×PT QBSLFU Z HSFT BJSF GSÓP DBMPS QMB[BT EF QBSLJOH PQDJPOBMFT

3&#"+".04 å QPS QJTP P 3&("-".04 6/ 1"3,*/(

*/'03."$*» * 7&/%&4

)*105&$"4 $0/$&%*%"4

(&3.® +6-*

QBH JOEE

727 %DGDORQD

&$1 0(5&$'(5

-72 3(3 9(1785$

%8)$/¬

3LVR P KDE \ VWXGLR EDxRV FRQ GXFKD VDOyQ D QLYHOHV FRQ WHUUDFLWD 72'2 (;7(5,25 ]RQD DMDUGLQDGD GHSRUWLYD FRPXQLWDULD $/48,/(5 ¼

3LVR HQ 0$57Ë 38-2/ FRQ P KDE FRFLQD \ EDxR UHIRUPDGRV VDOyQ P FRQ EDOFyQ FDOHIDF ILQFD FRQ DVFHQVRU $/48,/(5 ¼

320$5

3LVR 72'2 (;7(5,25 FRQ KDE 683(5 5()250$'2 DLUH IUtR FDORU DOWXUD UHDO -8172 ,*/(6,$ ¼ 376

%8)$/¬

&$1<$'Ï

3LVR FRQ $6&(1625 HQ F 5$021 //8// KDE H[WHULRUHV DPXHEODGR \ 5()250$'2 ¼ 376

3LVR FRQ KDE EDxR FRQ GXFKD ¿QFD FRQ DVFHQVRU 'LVSRQLELOLGDG LQPHGLDWD 08&+$6 326,%,/,'$'(6 ¼ 376

%8)$/¬

/$ 025(5$

-8172 0$57Ë 38-2/ 3LVR FRQ KDELWDFLRQHV FDOHIDF FLyQ VDOyQ H[WHULRU OLVWR SDUD YLYLU %8(1$ =21$ ¼ 376

&(175( 3LVR HQ '2&725 52%(57 FRQ KDE EDOFyQ D OD FDOOH YLVWDV GHVSHMDGDV ELHQ GLVWULEXLGR ¼ 376

3,62 $3$57$0(172 P 7(55$=$ P KDE ¿QFD SRFRV YHFLQRV FRQ DVFHQVRU -8172 & 35,0 ¼ 376

&(175(

2&$6,Ï1

3LVR -8172 5$0%/$ GH P KDE FRFLQD \ EDxR VDOyQ FRQ VDOLGD D EDOFyQ D OD FDOOH SDUNHW SRFRV YHFLQRV 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

3LVR HQ 6$17 &(%5,$ '( 9$//$/7$ 72'2 (;7(5,25 P KDE VXLWWH EDxRV FRFLQD RI¿FH 7(55$=$ P FDOHIDF DVF =21$ &20 & 3,6&,1$ 3. ,1&/ ¼ 376

%8)$/¬

%8)$/¬

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

727 %DGDORQD

QBHJOB JOEE

'$/7 9,/$ 3LVR 72'2 (;7(5,25 FRQ KDE ¿QFD FRQ DVFHQVRU EDxR \ DVHR VDOyQ P FRQ EDOFRQHUD SDUNHW \ JUHV SRFRV YHFLQRV 6(0, 18(92 ¼ 376

7,$1$

/$ 025(5$

%8)$/¬

3LVR 6(0, 18(92 MXQWR &$1 62/(, KDE 7(55$=$ P SDUNHW SDUNLQJ RSF WRGR H[WHULRU DVFHQVRU ¼ 376

&(1752

&$6$*(0(6

3LVR P & 35,0 KDE GREOHV EDxR \ DVHR FRFLQD D UHIRU PDU VDOyQ P F VDOLGD D EDOFyQ FDOHI ¿QFD F DVF %8(1$ =21$ ¼ 376

3LVR 72'2 (;7(5,25 HQ ¿QFD SRFRV DxRV P KDE VXLWWH VDOyQ P F EDOFyQ FDOHIDF DUP HPS DVF -8172 0217,*$/¼ 376

&$6$*(0(6

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

7,$1$

&$1 0(5&$'(5 3LVR P (;7(5,25 KDE EDxRV FRFLQD ODYDGHUR VDOyQ P EDOFyQ FDOHI DOWLOOR HQ SDVLOOR ]RQD FRP F MDUGLQ /,672 3$5$ (175$5 $ 9,9,5 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

3LVR GH P KDE EDxR \ FRFLQD UHIRUPDGRV VDOyQ P EDOFyQ D OD FDOOH FDOHIDF ¿QFD FRQ DVFHQVRU -8172 $0%8/$725,2 ¼ 376

6RODU P HGL¿FDEOH -72 ,1'(3(1'(1&,$ IDFKDGD PWV [ PWV IRQGR SRVLEOH FRQVWUXLU SO EDMD SLVRV DFWXDOPHQWH JDUDMH \ JUDQ SDWLR P ¼ 376

&(175(

/RFDO HQ OD 5$0%/$ P HQ SO EDMD IDFKDGD D FDOOHV YDGR SDUD YHKtFXORV WHFKRV PWV 3RVLEOH KDFHU FDPELR XVR VH SXHGH KDFHU YLYLHQGD

08&+$6 326,%,/,'$'(6 ¼ 376

'$/7 /$ 9,/$

&(1752

'$/7 /$ 9,/$

3LVR 08< /80,1262 FRQ KDE 5()250$'2 FRFLQD VDOyQ GH P VXHOR SDUNHW DLUH IUtR FDORU 08< &(5&$ 3/$<$ < (67$&,Ï1 ¼ 376

3,62 &21 3$5.,1* ,1&/8,'2 KDE GREOHV FRFLQD DELHUWD DO VDOyQ P EDOFyQ FDOHIDF D D $6&(1625 7RGR H[WHULRU ,03(&$%/( ¼ 376

&DVD P 3$7,2 P 7(55$=$6 GH P F X KDE EDxR \ DVHR VDOyQ P FDOHI D D WUDVWHUR &$6$ &21 08&+$6 326,%,/,'$'(6 ¼ 376

È7,&2 '83/(; P 7(55$=$ P KDE GREOHV EXKDU GLOOD P EDxRV FRFLQD F HOHFWURGRP VDOyQ F VDOLGD D WHUUD]D DVF FDOHI $08(%/$'2 ),1&$ 6(0, 18(9$ ¼ 376

0217*$7

3LVR 6(0,18(92 KDE VXLWWH

EDxRV EDOFyQ WLSR WHUUD]D 9,67$6 $ 0$5 FDOHI ~OWLPR SLVR F DVFHQVRU ]RQD FRPXQLWDULD F SLVFLQD SDUNLQJ RSFLRQDO ¼ 376

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

DFWXDOLWDW

UHSRUWDWJH

$BSMFT 5PSOFSP

3FDPSSFHVU &MT DJDMJTUFT BSSJCBSBO QFS MB $POSFSJB J TFHVJSBO QFS M BWJOHVEB EF 1PNBS

1SFTJEFOU $PNQBOZT 7JB "VHVTUB "OTFMN $MBWÏ

3BNCMB EF 4BOU +PBO 4BMWBEPS &TQSJV .BSRVÒT EF 4BOU .PSJ

+VBO 7BMFSB J "MGPOT 9***

#BEBMPOB DPSSF FM 5PVS EF 'SBOÎB #BEBMPOB t -B DJVUBU EF #BEB MPOB TFSË QSPUBHPOJTUB BRVFTU EJKPVT EF KVMJPM E VOB EF MFT FUBQFT EFM 5PVS EF 'SBOÎB "MHVOT OPTUËMHJDT SFDPSEFO RVF OP ÏT MB QSJNFSB WFHBEB RVF MB DVSTB NÏT JNQPSUBOU EFM DJDMJTNF QBTTB QFS MB DJVUBU " GJOBMT EFMT BOZT DJORVBO UB J M BOZ KB WBN QPEFS WFVSF FMT NJMMPST DJDMJTUFT EFM NPNFOU QFMT OPTUSFT DBSSFST &O BRVFTUB PDBTJØ FMT DJDMJT UFT DPN -BODF "SNTUSPOH P "MCFSUP $POUBEPS BSSJCBSBO QFS MB $POSFSJB J TFHVJSBO QFS M "WJOHVEB EF 1PNBS 1SFTJ EFOU $PNQBOZT 7JB "VHVT UB "OTFMN $BMWÏ 3BNCMB EF 4BOU +PBO 4BMWBEPS &TQSJV .BSRVÒT EF 4BOU .PSJ +VBO 7BMFSB J "MGPOT 9*** - "KVOUBNFOU EFNBOB DPMtMBCPSBDJØ BMT DJVUBEBOT - "KVOUBNFOU EF #BEBMPOB EF NBOB MB DPMtMBCPSBDJØ EFMT CBEBMPOJOT J CBEBMPOJOFT QFS GFS E BRVFTU FTEFWFOJNFOU VOB

&M3FQPSUBUHF JOEE

TFSWBU FTQBJT B 7JB "VHVTUB J B M "WJOHVEB E "MGPOT 9*** DBOUP OBEB BNC +VBO 7BMFSB &M SFHJ EPS E &TQPSUT EF M "KVOUBNFOU EF #BEBMPOB "MCFSU 5PNËT DSFV RVF BRVFTUB ÏT VOB PDB TJØ ÞOJDB QFS iWFVSF EF CFO B QSPQ MB DVSTB DJDMJTUB NÏT JNQPSUBOU EFM NØOw J IB FYQMJDBU RVF TFSË VO FTQFDUBDMF QFSRVÒ MB DVSTB WB QSFDFEJEB iE VOB DBSBWBOB NPMU FTQFDUBDVMBSw

GFTUB DJVUBEBOB RVF DBVTJ FM NÓ OJN EF NPMÒTUJFT - "KVOUBNFOU IB JOGPSNBU RVF FMT DBSSFST QFS PO QBTTB FM 5PVS FTUBSBO UBODBUT BM USËOTJU EVSBOU EVFT IPSFT FOUSF MFT J MFT IPSFT BQSPYJNBEBNFOU "RVFTU UBMM BGFDUBSË UBNCÏ FMT BVUPCVTPT J IJ IBVSË JOGPSNBDJØ B DBEB QBSBEB 1FS HBSBOUJS MB TFHVSFUBU OP FT QPESË BQBSDBS FO FMT DBSSFST QFS PO QBTTB MB DVSTB B QBSUJS EF MFT EFM NBUÓ EFM NBUFJY EJB F KVMJPM " NÏT B NÏT M "KVOUBNFOU EFNBOB GFS FM NÓOJN ÞT QPTTJCMF EFM DPUYF QFS GFS NÏT GËDJM MB DJS DVMBDJØ QFS MB SFTUB EF DBSSFST QFS PO EFTWJBSË MB DJSDVMBDJØ &M CPO GVODJPOBNFOU EF MB DVSTB FM HBSBOUJSBO FMT BHFOUT EF MB (VËSEJB 6SCBOB BNC DPMtMBCPSBDJØ BNC 7PMVOUBSJT #BEBMPOB J NFNCSFT EF MFT BTTPDJBDJPOT EF WFÕOT J FO UJUBUT FTQPSUJWFT EF MB DJVUBU 1FS BRVFMMFT QFSTPOFT BNC NPCJMJUBU SFEVÕEB RVF WVMHVJO TFS FTQFDUBEPSFT T IBO SF

&3$ GB VOB DSJEB B NPTUSBS FTUFMBEFT J TFOZFSFT &3$ #BEBMPOB IB DPOUBDUBU BNC EJWFSTFT BTTPDJBDJPOT QFS UBM RVF MB DJVUBEBOJB NPTUSJ FTUFMBEFT J TFOZFSFT BM QBT EFM 5PVS EF 'SBOÎB QFS MB DJVUBU &M QSFTJEFOU EF MB GPSNBDJØ +PSEJ "MCBMBEFKP DSFV RVF iDBM BQSP m UBS DÓWJDBNFOU FM 5PVS QFSRVÒ FT WFHJ RVF TPN $BUBMVOZB DPMtMPDBOU FTUFMBEFT J TFOZF SFT BMT CBMDPOT J NPTUSBOU MFT EFT EF MFT WPSFSFT QFS QBSU EFM QÞCMJD BTTJTUFOU BM QBT EFMT DPSSFEPSTw

727 %DGDORQD

(3"/ */"6(63"$*»

" #"%"-0/"

" #"%"-0/" "WEB "MGPOT 9*** "WEB 1SFTJEFOU $PNQBOZT #&%h4 JOEE

1MBOUJMMB#BTF JOEE

1MBOUJMMB#BTF JOEE

DFWXDOLWDW

SHUVRQHV

$BSMFT 5PSOFSP

-B 'VOEBDJØ $0*/3& BSB FT EJV 'VOEBDJØ 4JRVF J WPM DPOUJOVBS MB JNQPSUBOU UBTDB E BUFOESF MFT QFSTPOFT EJTDB QBDJUBEFT BNC TFSWFJT E BKVU TVQPSU GPSNBDJØ J PDVQBDJØ QFSRVÒ QVHVJO NJMMPSBS MB TFWB RVBMJUBU EF WJEB 1FS BMUSB CBOEB UBNCÏ T BTTFTTPSB J T BKVEB FMT QBSFT QFS NJSBS EF TVQFSBS FMT TFVT EVCUFT J QVHVJO QMBOJm DBS VO GVUVS USBO RVJM J TFHVS QFS BMT TFVT m MMT -B GVOEBDJØ KB FYJTUJB EFT EF GB VOT BOZT QFSÛ FM OPV FRVJQ RVF FO GPSNB QBSU IB EFDJEJU EPOBS VO QBT FOEBWBOU J PCSJS TF B UPUB MB DPNBSDB BNC VO PCKFDUJV DPODSFU BDPOTFHVJS VOB MMBS SFTJEÒODJB &M 4BNVFM &TUVSP ÏT FM EJSFDUPS EF MB GVO EBDJØ J MB 3PTBMJB 'FMJV O ÏT MB QSFTJEFOUB J NBSF E VOB OFOB BNC EJTDBQBDJUBU

4BNVFM &TUVSP J 3PTBMJB 'FMJV NFNCSFT EF MB 'VOEBDJØ 4JRVF

i7PMFN FTCPSSBS EFM NBQB MB QBSBVMB AEJTDBQBDJUBU w

$PN IB FTUBU FM QSPDÏT QFS QBTTBS EF $PJOSF B M BDUVBM 'VOEBDJØ 4BNVFM &TUVSP $PJOSF ÏT VOB DPPQFSBUJWB EF QBSFT J NBSFT J MB GVOEBDJØ WB TPSUJS GB VOT EFV BOZT B JOJDJBUJWB EFMT QBSFT RVF FTUBWFO QSFPDVQBUT QFS EPOBS VO IBCJUBUHF BMT TFVT m MMT %JOT EF MB GVOEBDJØ KB UFOÓFN JOUFSÒT EFT EF GB UFNQT EF UJSBS FOEB WBOU E VOB GPSNB JOEFQFOEFOU QFS BKVEBS OP OPNÏT FMT VTVBSJT EF $PJOSF TJOØ UBNCÏ FMT CBEB MPOJOT J WFÕOT EF MB DPNBSDB

"SB WPMFV HJSBS QËHJOB BNC FM RVF IB QBTTBU BNC $PJOSF 3PTBMJB 'FMJV +B GB VO QBSFMM E BOZT RVF T FTUË USFCBMMBOU QFS PCSJS OPT B UPUIPN GJOT J UPU B HFOU EF #BSDFMPOB 7PMFN FTCPSSBS EF NBQB MB QBSBVMB EJT DBQBDJUBU QFSRVÒ ÏT VO GFU EJGF SFODJBM J OP DSFJFN RVF BRVFTUT OFOT TF MT IBHJ E JOUFHSBS B MB TPDJFUBU QFSRVÒ KB IP FTUBO &M DPODFQUF RVF WPMFN EFGFOTBS ÏT RVF BRVFTU OFO KB IJ ÏT B MB TPDJFUBU FO FM NBUFJY NPNFOU FO RVÒ OFJY FO VOB GBNÓMJB JOUFHSB EB OPNÏT DBM EPUBS MP E FJOFT QFSRVÒ TJHVJ FM NÏT BVUÛOPN QPTTJCMF

2VJOB ÏT MB TJUVBDJØ EF M IBCJUBUHF QFS B MFT QFSTPOFT EJTDBQBDJUBEFT 3PTBMJB 'FMJV &M RVF ÏT NÏT EJGÓDJM ÏT FM DBT EFMT OFOT RVF FTUBO HSFVNFOU BGFDUBUT J QFS BJYÛ SFDMBNFN VOB MMBS SFTJEÒODJB RVF QVHVJ TFS VOB QFSMMPOHBDJØ EF MB GBNÓMJB 4BNVFM &TUVSP "RVFTU BOZ QPUTFS EPOFN VOB TPS QSFTB QFSRVÒ FTUFN USFCB MMBOU FO QPEFS JOBVHVSBS VOB MMBS SFTJEÒODJB "SB UFOJN QJTPT RVF HFT UJPOFN QFSÛ TØO QFS B QFS TPOFT NÏT BVUÛOPNFT RVF OPNÏT OFDFTTJUFO EF TVQPSU QVOUVBM

-B GËCSJDB $PJOSF RVF EPOBWB GFJOB B QFSTP OFT IB EFTBQBSFHVU 4BNVFM &TUVSP -B TJUVBDJØ EF MB GËCSJDB $PJOSF IB FTUBU EJGÓDJM QFS MB DSJTJ -FT FNQSFTFT EF USFCBMM FTQFDJBM QBUFJYFO FODBSB NÏT BRVFTUB TJUVBDJØ FDPOÛNJ DB " NÏT ÏT EJGÓDJM HFTUJPOBS VOB FNQSFTB RVF DPOTUBOUNFOU EØOB QÒSEVFT QFSRVÒ OP UPUFT MFT QFSTPOFT BNC EJTDBQBDJUBU QPEFO GFS GFJOFT RVF SFBMNFOU TØO SFOUBCMFT

2VJOFT UBTRVFT GBSË BRVFTUB GVOEBDJØ 4BNVFM &TUVSP &M OPV FRVJQ EF MB GVOEBDJØ WPM PGFSJS VOB TÒSJF EF TFSWFJT OP OPNÏT MB CPSBMT B MB DPPQFSBUJWB $PJOSF TJOØ UBNCÏ E BMUSFT DPN PGFSJS IBCJUBUHF QFS B MFT QFSTPOFT BNC EJGFSFOU EJTDBQBDJUBU PGFSJS GPSNBDJØ UBOU B MFT GBNÓMJFT DPN B MFT QFSTPOFT EJTDBQBDJUBEFT PGFSJS UFSËQJFT QTJDPMÛHJRVFT J PGFSJS TFSWFJT EF MMFVSF J FTQPSU EF DPNQFUJDJØ

* DPN IP WFVFO FMT QBSFT EFTQSÏT EF UBOUFT EFDFQDJPOT 3PTBMJB 'FMJV "NC NPMUB JMtMVTJØ J NPMUB FTQFSBOÎB QFSRVÒ MB HFOU RVF QPS U B BRVFTUB GVOEBDJØ ÏT HFOU RVF QBSMB FM OPTUSF MMFOHVBUHF +P UJOD VOB GJMMB HSFVNFOU EJTDBQBDJUBEB J VOB EF MFT NFWFT GJUFT ÏT BDPOTFHVJS RVF WBHJ B VOB MMBS SFTJEÒODJB J KP QFOTP RVF IP BDPOTF HVJSFN

1FSTPOFT JOEE

727 %DGDORQD

JXLD VHUYHLV

-"4 $04"4 #*&/ )&$)"4

$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*$"

0'&35"4 %& 1*404 &/ "-26*-&3 4"/50 $3*450 #VFOB DBMMF 1JTP EF IBCJUBDJPOFT FO m ODB DPO BTDFOTPS 4 QBSRVFU &YUFSJPS B DBMMF .VZ CJFO DPOTFSWBEP FYUFSJPS B DBMMF "-26*-&3 å .&4 3&' 4$ +6/50 " .0/5*("-" 1JTP EF IBCJUBDJPOFT FO [POB NVZ USBORVJMB Z CJFO DPNVOJDBEB 5PEP SFGPSNBEP T QBSRVFU QBUJP EF N "-26*-&3 å .&4 3&' #" $0/(3&40 1JTP NVZ CJFO VCJDBEP FYDFMFOUF DPNVOJDBDJØO Z TJO DVFTUBT UPUBMNFOUF SFGPSNBEP BNVFCMBEP Z FRVJQBEP IBCJUBDJPOFT FYUFSJPS "-26*-&3 å .&4 3&' $0 --&'*" +UP 3EB 4BO "OUPOJP -MFm B 1SFDJPTP QJTP UPUBMN SFG BNVFCMBEP Z FRVJQBEP IBC T QBSRVFU BTD B B DBMFG DPNFEPS DPO TBMJEB B CBMDØO "-26*-&3 å .&4 3&' -' "-'0/40 9*** -" 4"-6% *NQSFTJPOBOUF QJTP EF N DPO IBCJUBDJPOFT m ODB EF TPMP WFDJOPT CB×P Z BTFP FYUFSJPS B DBMMF "NVFCMBEP "-26*-&3 å .&4 3&' 4- #6'"-" +VOUP BM NFSDBEP *ONFKPSBCMF [POB IBCJUBDJPOFT m ODB DPO BTDFOTPS QBSB FOUSBS B WJWJS FYUFSJPS B DBMMF "-26*-&3 å .&4 3&' #6

/106)#6

1-";" %& -" %0/" -" 4"-6% 1JTP FO m ODB DPO BTDFOTPS IBCJUBDJPOFT DPNFEPS DPO TBMJEB B CBMDØO FYUFSJPS B $ $PDJOB DPO MBWBEFSP .VZ MVNJOPTP "-26*-&3 å .&4 3&'

"+6/5".&/5 10-*$*" -0$"- $"1 .0/5("5

."326&4 %& 4"/ .03* ;POB JONFKPSBCMF EF IBCJUBDJPOFT UPUBMNFOUF SFGPSNBEP OVFWP B FTUSFOBS m ODB DPO BTDFOTPS CBMDØO FYUFSJPS `.VZ CPOJUP "-26*-&3 å .&4 3&' 4-

6+#0#

#6'"-" $ .0-* %& -" 5033& IBC m ODB QPDPT B×PT &YDFMFOUF VCJDBDJØO 5PEP OVFWP BNVFCMBEP #BMDØO FYU "TD 1, */$-6*%0 &/ 13&$*0 "-26*-&3 å .&4 3&' #6

"+6/5".&/5 10-*$*" -0$"- $"1 5*"/" 3®%*0 5*"/"

#6'"-" 1JTP FO m ODB TFNJ OVFWB [POB JONFKPSBCMF NVZ USBORVJMB N CBMDØO FYUFSJPS CB×PT Z BTFP IBC `5PEP OVFWP "TDFOTPS "NVFCMBEP P OP "-26*-&3 å .&4 3&' #6

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

NC ZCTZC

#6'"-" ``("/(" $ *OEFQFOEFODJB IBC N DPDJOB Z CB×P SFG DPDJOB FRVJQBEB Z BNVF CMBEB *EFBM WJWJFOEB 13&$*0 å $605" %& å .&4 3&' #6

r "+6/5 #"%"-0/" XXX CBEBMPOB DBU r "+6/5 .0/5("5 XXX NPOUHBU DBU r "+6/5 5*"/" XXX UJBOB DBU r 3&7*45" &- 505 XXX FMUPUEJHJUBM DPN r 1035"- *..0#*-*"3* XXX IBCJUBMJT OFU r 7*-"8&# XXX WJMBXFC DBU CBEBMPOB #%/ $0.6/*$"$*» XXX CBEBMPOBDPN DBU '¾36. %&#"5 #²56-0 XXX CFUVMP DBU 1035"- #"%"8&# XXX CBEBXFC DPN */' -0$"- #"%"#*5 XXX CBEBCJU PSH #"%"-0/" 01*/" XXX CBEBMPOBPQJOB DPN (6*" %& #"%"-0/" XXX HVJBECO DPN */'03."$*» .0/5("5 XXX NPOUHBU OFU

+6/50 .0/5*("-" *EFBM JOEFQFOEJ[BSTF IBC BOUFT SFGPSNBEP TVFMP QBSRVFU FYUFSJPS B DBMMF QBUJP N 0$"4*0/ 13&$*0 å $605" %& å .&4 3&' #" 4*453&--4 +VOUP B QBSRVF IBC UPUBMNFOUF SFGPSNBEP FYUFSJPS B DBMMF ``.VZ FDPOØNJDP *EFBM WJWJFOEB 103 å $605" %& å .&4 3&' 45 -" .03&3" N IBC `*NQFDBCMF MJTUP QBSB FOUSBS B WJWJS &YDM VCJDBDJØO DFSDB DFOUSP 0DBTJØO QPS [POB Z QSFDJP 13&$*0 å $605" %& å .&4 3&' .3 -" 4"-6% &/ -" .*4." "7 "-'0/40 9*** ``("/(" 1JTP EF IBCJUBDJPOFT DPO DPDJOB Z CB×P SFGPSNBEPT DPNFEPS DPO TBMJEB B CBMDØO m ODB DPO BTDFOTPS T HSÏT Q TBQFMMZ WFOU BMVNJOJP .VZ CJFO DPNVOJDBEP 13&$*0 å $605" %& å .&4 3&' 4- $"/:"%0 1JTP IBC QBSB SFGPSNBS B TV HVTUP DBMFGBDDJØO m ODB DPO BTDFOTPS B QPDPT NFUSPT EF MB QMBZB UPEP FYUFSJPS 13&$*0 å $605" %& å .&4 3&' $"

TÀFKQU

45 $3*450 $BMMF QSBM Z D DPNFSDJPT "NQMJP QJTP N QBUJP N IBC EPCMFT BNQMJP DPNF EPS NVZ MVNO DPDJOB FRVJQ 103 å $605" å .&4 3&' 4$

3ËEJP $JVUBU #BEBMPOB 3$# '.

UBNCÏ FNFU QFS 5 % 5

3ËEJP 5JBOB '.

3ËEJP 1PNBS '.

3ËEJP 4BOU "ESJË '.

(SBNB 3ËEJP '.

3ËEJP -B .JOB '.

3ËEJP #ÏUVMP '.

0OB .BS '.

-" .03&3" N DPNFEPS D TBMJEB B CBMDØO T QBSRVFU Q TBQFMMZ DBMFGBDDJØO m ODB DPO BTDFO TPS .6: #6&/" ;0/" 13&$*0 å $605" %& å .&4 3&' .3 -" .03&3" *ONFKPSBCMF DBMMF 1JTP FO m ODB KPWFO EF N DPO IBCJUBDJPOFT 5PUBMNFOUF SFGPSNBEP BNQMJB DPDJOB PGm DF T QBSRVFU DBMFG Z B B 5FSSB[B DPNVOJUBSJB DPO USBTUFSP 1, */$-6*%0 &/ &- 13&$*0 ``0$"4*0/ 13&$*0 å $605" %& å .&4 3&' .3 --03&%" "NQMJP ÈUJDP EF N DPO IBCJUBDJPOFT DPDJOB Z CB×P SFGPSNBEPT BNQMJP DPNFEPS DPO TBMJEB B CBMDØO UJQP UFSSB[B EF N DPO WJTUBT QBOPSÈNJDBT m ODB DPO BTDFOTPS 13&$*0 å $605" %& å .&4 3&' -0

VGNGXKUKÒ

7*4*5& /6&453" 1«(*/" 8&# XXX m ODBTWB[RVF[ DPN 727 %DGDORQD

QBH JOEE

r 5FMFWJTJØ #BEBMPOB 57#

$BOBM BOBMÛHJD $BOBM 5%5

DFWXDOLWDW

OD VHWPDQD HQ LPDWJHV

-FT PCSFT EFM 5FBUSF 1SJODJQBM BWBO DFO B CPO SJUNF -FT PCSFT B M JOUFSJPS EFM 5FBUSF 1SJODJQBM EFM DBSSFS 'SBODFTD -BZSFU BWBODFO B CPO SJUNF &MT PQFSBSJT KB IBO GFU EFTBQBSÒJYFS MB UPUBMJUBU EFM QBUJ EF CVUBRVFT RVF IB FTUBU TVCTUJUVÕU QFS FYDBWBEPSFT RVF USFCBMMFO QFS GFS CBJYBS MB DPUB EF MB TBMB B M BMÎBEB EFM DBSSFS % BRVFTUB NBOFSB FT WPM GFS EFTBQBSÒJYFS UPUFT MFT CBSSFSFT BSRVJUFD UÛOJRVFT VO EFMT PCKFDUJVT EF MB SFNPEFMBDJØ JOUFHSBM E BRVFTU UFBUSF CBEBMPOÓ

&YQPTJDJØ EF DPUYFT DMËTTJDT BM .ËHJD #BEBMPOB &M .ËHJD #BEBMPOB FYQPTB mOT BRVFTU EJTTBCUF DPUYFT DMËTTJDT UBO FNCMFNËUJDT DPN FM 'PSE 7 FM )JTQBOP 4VJ[B , P FM +BHVBS 9, FOUSF BMUSFT -B UBSEB E BRVFTU EJTTBCUF DPN B DMBVTVSB EF M FYQPTJDJØ FMT JOUFHSBOUT E "VUPDMBTTJD 4BOU $VHBU WJTJUBSBO FM DFOUSF BNC BMUSFT DPUYFT DMËTTJDT RVF FTUBSBO FYQPTBUT BM D $BSJUH J B MB QMBOUB UFSSBTTB % BMUSB CBOEB EFTQSÏT EF NFTPT E IBWFS JOBVHVSBU FM .ËHJD #BEBMPOB J BNC NÏT EFM EFMT TFVT MP DBMT DPNFSDJBMJU[BUT EVSBOU FMT EBSSFST EJFT IBO PCFSU OPVT PQFSBEPST

$FMFCSBEB MB QSJNFSB .PTUSB /ËVUJDB EF #BEBMPOB "NC FM MFNB i#VTDBEPST EF (SBOT 0QPSUVOJUBUT ²T )PSB E &NCBSDBSw T IB DFMFCSBU EVSBOU FM QBTTBU DBQ EF TFUNBOB BM .PMM EF 1P OFOU EF .BSJOB EF #BEBMPOB MB .PTUSB /ËVUJDB 1PSU EF #BEBMPOB JOUFHSBEB QFS MFT mSNFT OËVUJ RVFT FTUBCMFSUFT FO FM SFDJOUF QPSUVBSJ B m EF QSP NPVSF J FYQPTBS MB WFOEB E BSUJDMFT J TFSWFJT OËV UJDT J E BQMFHBS VOB DJORVBOUFOB E FNCBSDBDJPOT E PDBTJØ EF EJGFSFOUT DBSBDUFSÓTUJRVFT

1SFTFOUBEB VOB MMJCSFUB BNC DPNFOUBSJT MJO HàÓTUJDT TPCSF RàFTUJPOT EF MMFOHVB DBUBMBOB &M $FOUSF EF /PSNBMJU[BDJØ -JOHàÓTUJDB EF #BEBMPOB J 4BOU "ESJË IB QSFTFOUBU BRVFTUB MMJCSFUB RVF BQMF HB FO VO GPSNBU QSËDUJD FO MB DPOTVMUB J ÞUJM FO FMT DPOUJOHVUT VOB TFMFDDJØ EF CPDJOT ÏT B EJS DPNFOUBSJT MJOHàÓTUJDT DVSUT TPCSF RàFTUJPOT EF MMFOHVB DBUBMBOB BNC FTQFSJU EJWVMHBUJV J BNC VO UP EJTUÒT BNBOJU BNC GPSÎB FYFNQMFT

4 BDPNJBEB FM DJDMF +B[[PSSJMMB BNC HPTQFM EF

RVBMJUBU &M +B[[PSSJMMB FT WB BDPNJBEBS MB TFUNBOB QBT TBEB BNC M BDUVBDJØ BM 5FBUSF ;PSSJMMB EFM $FOUSBM #BQ UJTU $IVSDI (PTQFM $IPJS PG /FX :PSL VO EFMT DPST EF HPTQFM BNC NÏT QSFTUJHJ EFMT &TUBUT 6OJUT DBQBÎ UBOU E BDUVBS B MB QSFTØ EF 3JLFST *TMBOE DPN E BDPNQBOZBS #BSCBSB 4USFJTBOE BM OPWBJPSRVÒT .BEJTPO 4RVBSF (BS EFO &O FM TFV SFQFSUPSJ WBO CBSSFKBS DBOUT E FYBMUBDJØ SFMJHJPTB BNC SJUNFT QSPDFEFOUT EF MB USBEJDJØ EFMT FTDMBVT BGSJDBOT EFM TVE EFMT &TUBUT 6OJUT

-B4FUNBOB&O*NBUHFT JOEE

727 %DGDORQD

&M $MVC /BUBDJØ HVBOZB B %FMUFCSF J FT EJTUBODJB EFMT TFVT DPNQFUJEPST B MB -MJHB

.BSYB 1BV 3JCBT BM 5BV EF 7JUÛSJB FM 5BV EF 7JUÛSJB QFS RVBUSF UFNQPSBEFT &M CBTF CBEBMPOÓ EF BOZT T IB DPOWFOÎVU EF MFT QPTTJCJ MJUBUT E ÒYJU EFM QSÛYJN QSPKFDUF EF %VTLP *WBOPWJD BNC RVJ B NÏT QPESË UPSOBS B EJTQVUBS M &VSPMMJHB -B JNQPUÒODJB B MB 1FOZB QFS MB NBSYB EF 1BV 3JCBT ÏT NPMU HSBO QFSRVÒ OP OPNÏT ÏT VO HSBO KVHBEPS TJOØ RVF SFQSFTFOUB B MB QFS GFDDJØ FM NPEFM EF DMVC

t 1BV 3JCBT IB FTUBU FM DBQJUË EF MB 1FOZB EFT EFMT BOZT

#BEBMPOB t .FOUSF FODBSB OP T IB SFTPMU FM GVUVS EF 3JDLZ 3VCJP FM %,7 +PWFOUVU IB QFSEVU VOB BMUSB QFSMB EFM QMBOUFS 1BV 3JCBT IB BSSJCBU B VO BDPSE BRVFTUB TFUNBOB BNC

#BEBMPOB t - FRVJQ NBTDVMÓ EFM $MVC /BUBDJØ #BEBMPOB WB HVBOZBS FM QBTTBU EJVNFO HF B %FMUFCSF MB DJORVFOB SFHBUB EF MB -MJHB $BUBMBOB EF -MBHVU EFTQSÏT E JNQPTBS TF FO MB DSPOPNFUSBEB J GFS TFHPO B MB GJOBM FO MB RVBM WB DFEJS EÒDJNFT BMT 9PO T E &NQVSJBCSBWB

6O KPWF RVF WB DPNFOÎBS FO FM CËTRVFU EF CBTF EF MB 1FOZB BNC BOZT J RVF IB BOBU QBTTBOU DBUFHPSJB QFS DBUFHPSJB m OT B BSSJCBS BM QSJNFS FRVJQ J TFS OF FM DBQJUË BMT BOZT - PGFSUB FDPOÛNJDB EFM 5BV ÏT NPMU TVQFSJPS B MFT PQDJPOT EF MB 1FOZB RVF SFOVODJBSË BM ESFU EF UFNQUFJH J EFJYBSË NBSYBS FM TFV DBQJUË

5PU J BJYÛ MB SFOEB EF TFHPOT EF MB DSPOP FMT WB QFSNFUSF EJTUBODJBS TF NÏT BM DBQEB WBOU EF MB DMBTTJm DBDJØ &M $MVC EF 3FN #BEBMPOB WB RVFEB RVBSU J FM #ÏUVMP WB TFS TFUÒ -B QSPQFSB SFHBUB EF MB -MJHB FT EJTQVUBSË B -MPSFU EF .BS FM EJVNFOHF EF KVMJPM

L 1 <L H< < 6

&c P 7

H " TL 1GT&1 H L ¯ĖûØ Øé ¼ØÐgÆ û āÐ

'JORVFT #MBODI 3PJH 4 -

6gû¼g P û āg Hؼ¯ » .Øā é ÆgÐ ¹ Hؼ¯

uL āċûØā gÆðĖ¼Æ ÐĖ

P Æí Ôď ď ďĬ « » Ôď ď Ô Ĭć ­ď ĉí ØÐðĖ āċg áĬ« xg¼ģØā » Ĭ ÔáĔ 1<7

F&L<L 7 1GT&1 H 1"3,*/( 1&1 7&/563" GÈDJM BDDFTP QMB[B BNQMJB å NFT 1"3,*/( ;POB .*26&- 4&37&5 QMB[B BNQMJB DPDIF Z NPUP å NFT 1"3,*/( ;POB 53*0/' QMB[B BNQMJB å NFT ;POB 4*453&--4 "UJDP N IBCT DPDJOB Z CB×P TFODJMMPT SFBM TJO BTD å NFT ;POB &45"$*»/ .0/5("5 QJTP EF N IBCT DPNFEPS N DPDJOB Z CB×P NPEFSOPT 50%0 &95&3*03 å NFT ;POB 1&1 7&/563" QJTP N IBC NVZ BNQMJB DPNFEPS DPDJOB CB×P DPO QMBUP EF EVDIB CBMDØO TJO BTD .6: -6.*/040 å NFT ;POB $ (6*'3² QJTP N IBCT NBUSJ Z JOE DPN N D TBMJEB B CBMDØO DPDJOB OVFWB B FTUSFOBS TJO BTD å NFT

727 %DGDORQD

QBH JOEE

;POB $ ."3 QJTP EF N IBCT DPDJOB UJQP PGGJDF SFGPS NBEB CB×P BNQMJP TJO BTD å NFT

;POB $ $".&-*" QJTP EF N IBC CB×P DPNQMFUP BTFP TBMØO EF N Z DPNFEPS U[B N TFNJ BNVFCMBEP 50%0 &95 å NFT

;POB $0/26&45" QJTP IBC BNQMJBT FTUVEJP DPD Z CB×P NPEFSOPT U[B DVCJFSUB N å NFT ;POB 1&1 7&/563" QJTP N IBCT DPD Z DPN UJQP PGGJDF C×T B B DBMFG CBMDØO FYU 1"3" &453&/"3 å NFT ;POB $ 130(3²4 EVQMFY EF N IBCT FTUVEJP DPNFEPS NVZ BNQMJP DPDJOB NPEFSOB BMUP TUBOEJOH BTFP CB×P B B DBMFG UFSSB[B '*/$" "º0 å NFT

;POB $ 503504" DBTB EF QMBOUBT N TFNJ OVFWB IBCT CB×PT Z BTFP BTD QSJWBEP QL JODM 4&.* ".6&#-"%0 å NFT

F&L<L 7 ] 7P ;POB $ 10/&/5 QJTP IBC DPN N DPD Z C× NPEFSOPT CBMDØO TJO BTD å NJMM

;POB "7 .03&3" QJTP IBC NBUSJ Z EPT JOEJW DPDJOB BNQMJB CB×PT NPEFSOPT Z DPNQMFUPT DPNFEPS N CBMDØO N 50%0 &95&3*03 å NFT

;POB ."5"3» QJTP IBC DPNFEPS N DPDJOB Z CB×P PSJHFO BTD $0.1- &95&3 " -*/&" %& ."3 å NJMM

1. .')+#6

$PM MFHJBU OVN

$PM MFHJBU O

1< 1 L 7 ] 7P ` 1GT&1 H ;POB (3"/ -"/% OBWF EF N UPUBM TFNJ OVFWB NVZ MVNJOPTB å ;POB $ /"7"5" MPDBM N QVFSUBT B DBMMF BDD WFIÓDVMPT å NFT

;POB $ "-'0/4 9** PDBM N UPUBM N Q C Z TØUBOP QBSRVFU å NFT

;POB $ 1307*%&/$*" TVQ N EJÈGBOP FOUSBEB WFIÓDVMPT å NFT

;POB $ (6*'3² QJTP N IBC DPNFEPS N DPDJOB Z CB×PT CJFO DPOTFSWBEPT CBMDP OFT DPO BTDFOTPS å NFT

;POB $&/530 QJTP EF N DPNFEPS BNQMJP DPDJOB Z CB×P FO QFSGFDUP FTUBEP IBCT UFSSB[B N S QJTP TJO WFDJOPT ;0/" */.&+03"#-& å NJMM

;POB 1"3"%" .&530 (03( MPDBM EF N TBMJEB EF IVNPT å NFT

;POB 13&4 $0.1"/:4 QJTP EF N IBCT DPNFEPS N DPDJOB Z CB×PT .6: #*&/ $0/4&37"%0 å NFT

;POB $&/530 QJTP EF N DPOTUSVJEPT SFGPSNBEP IBDF B×PT TJO BTD IBCT CB×P NPEFSOP DPDJOB BSSFHMBEB &95& 3*03 å NJM

;POB $ 13*. N FN QMBOUB NBT N EF TPUÈOP ;0/" $0.&3$*"- å NFT

DFWXDOLWDW

HVSRUWV

GURGEKCN XCECPEGU GN RTÃ&#x2018;ZKO FG LWNKQN

GFKVCTÃ&#x20AC; EQO Ã&#x2C6;U EQUVWO N GURGEKCN FG XCECPEGU 6GPU QDGTV GN VGW EQOGTÃ&#x2020; Q NC VGXC DQVKIC CSWGUV OGU F~CIQUV!

{'52'%+#. 1$'46 616 .~'56+7|

'. 616 $#&#.10# FG HQTOC KPPQXCFQTC K FGURTÃ&#x2C6;U FG NC FGOCPFC

FG PQ GZKUVKT WP UWRNGOGPV FKPU FGN 'URGEKCN FG XCECPEGU| QHGTKO EQOGTÃ&#x2020;QU SWG FQPGP UGTXGK VQV GN OGU F CIQUV C QP RQFGO VTQDCT 2K\\GTKGU TQUVKUUGTKGU OGPLCTU RTGRCTCVU TGUVCWTCPVU OCP[CEU NCORKUVGTKGU EWDGU GORTGUGU FG PGVGLC KPHQTOÃ&#x20AC;VKEU RGVKVGU TGHQTOGU EQPUWNVQTKGU HCTOÃ&#x20AC;EKGU UGTXGKU GUVÃ&#x2021;VKEU

'65 70# '/24'5# 37' &10# 5'48'+ '. /¬5 &~#)156 + 01 6#037'5!

215# '. 6'7 '52#+ 27$.+%+6#4+ FGU FG K V CPGZCTGO WP RGVKV GUETKV Ã¥ COD NGU GURGEKCNKVCVU FGN VGW EQOGTÃ&#x2020; UGPUG ECR EQUV

5+ 01 '6 8'7'0 01 ':+56'+:'5

UK GUVGW KPVGTGUUCVU C RWDNKECT CNIWP CPWPEK GP CSWGUVC GFKEKÃ&#x2019; VTWSWGW RGT TGUGTXCT N GURCK RWDNKEKVCTK CDCPU FGN FG LWNKQN VGN 1307" &45*6 JOEE

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$ & 0$5,1$

2%5$ 18(9$ & %$/'20(52 62/­ 2%5$ 18(9$ (1 &$1(7 '( 0$5

%$'$/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 ILQFD 9,6,7( 3,62 '( 08(675$ 35(&,26 'HVGH ½ KDE ½ KDE ½ KDE \ JUDQ WHUUUD]D

&$1(7 '( 0$5 &(1752 )DQWiVWLFRV SLVRV GH QXHYD FRQVWUXFFLyQ 3LVRV GH \ GRUPLWRULRV ÈWLFRV GXSOH[ FRQ WHUUD]D $FDEDGRV GH JUDQ FDOLGDG 7RGRV FRQ SOD]D GH SDUNLQJ \ WUDVWHUR LQFOXLGR HQ SUHFLR 3UHFLRV GHVGH 3LVR KDE ½ 3LVR KDE ½ ÉWLFR G~SOH[ \ WHUUD]D ½ /ODPH \ OH LQIRUPDUHPRV

(Q OD PHMRU ]RQD GH %DGDORQD MXQWR OD HVWDFLyQ GH 5(1)( $WLFRV GH WUHV GRUPLWRULRV GRV EDxRV \ JUDQ WHUUD]D $FDEDGRV GH FDOLGDG )DFLOLGDGHV GH ¿QDQFLDFLyQ 3UHFLR GHVGH VROR (XURV /ODPH \ OH LQIRUPDUHPRV

2%5$ 18(9$ -72 0­*,& %'1

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

& 0$57Ì 38-2/ %$'$/21$

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

)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

6L HV XVWHG 35202725 OOiPHQRV \ KDEODPRV

££$ OOHJDGR HO PRPHQWR GH FRPSUDU

$YHQLGD %XIDOi 3ODQWD %DGDORQD

ZZZ P LQWHJUDO FRP

727 %DGDORQD

. *OUFHSBM QBH JOEE

HVSDL F

GURCK E

FXOWXUD DJHQGD OOLEUHV PÙVLFD FLQHPHV QRWÍFLHV

/0/ 5¾9*$ 1SJNFS 'FTUJWBM *OUFSOBDJPOBM E "SU 6SCË #BEBMPOB t 4PWJOU KB IFN DP NFOUBU RVF FODBSB FOT USPCFN FO VO NPNFOU PO M BSU VSCË OP FTUË QSPV SFDPOFHVU J OP TF M USBDUB DPN FT NFSFJY "M NFT EF NBJH MB 'VOEBDJØ #BEBMP OB 0CFSUB WB PSHBOJU[BS FM S $PODVST EF (SBmUJ "SUÓTUJD EF #BEBMPOB RVF WB QPSUBS B HSBmUFSPT E BSSFV EF MB QFOÓO TVMB FT WBO JOTUBMtMBS B MB 3BN CMB VO NBUÓ EF EJVNFOHF J UPUFT MFT QFSTPOFT RVF WBO WFVSF DPN USFCBMMFO WBO DPSSPCPSBS RVF TØO HSBOT BSUJTUFT %JOT E BRVFTUB MÓOJB J TFOTF UFOJS IJ SFT B WFVSF M ®SFB EF $VMUVSB J 1BUSJNPOJ $VMUVSBM IB PSHBOJU[BU QFS BRVFTU DBQ EF TFUNBOB FM /PO 5ÛYJD VO GFTUJWBM E BSU VSCË RVF OFJY BNC M FTQFSJU EF EPOBS B DPOÒJYFS M BSU EFM DBSSFS FO UPUFT MFT TFWFT EJTDJQMJOFT EFT EFM HSBmUJ mOT B MB EBOTB QBTTBOU QFM DJOFNB * ÏT RVF M BSU VSCË WB NÏT FOMMË E`VOB FYQSFTTJØ BSUÓTUJDB J BNC FM OPO UÛYJD QPESFN EFTDPCSJS DPN ÏT VOB NBOFSB EF WJVSF J EF WFVSF FM NPO 6OB EF MFT BDUJWJUBUT NÏT EFT UBDBEFT TØO FMT UBMMFST HSBUVÕUT QFS B MB DBOBMMB mOT BMT BOZT RVF T JNQBSUJSBO B &M 3FGVHJ EF

T J O P

U h B O V O D J F T D P N WP M T

R V F FU U SP C JO

QBH JOEE

SFMBDJPOBEFT BNC M TUSFFU BSU " NÏT FM QBTTFJH NBSÓUJN TFSË M FTDFOBSJ E BDUVBDJØ E BSUJTUFT JOUFSOBDJPOBMT J MB QMBUKB EFMT QFTDBEPST BDPMMJSË MFT BDUVB DJPOT NVTJDBMT 5SFT EJFT EF DVMUVSB VSCBOB RVF TFSWJSË QFS DPOTUBUBS MB

.VSBMT 1JOUVSB 6SCBOB J (SBm UJT B NÏT E VOB .BTUFS $MBTT EF )JQ IPQ #SFBLEBODF " M FOUSBEB EFM ;PSSJMMB QFM DBSSFS EF .BS T JOTUBMtMBSË M BVEJPWJTVBM - PSJHFO EF .BYJ NJMJBOP 7JBMF VO SFBMJU[BEPS EF DJOFNB FYQFSJNFOUBM 1FS BMUSB CBOEB M &TDPMB EFM .BS UBNCÏ BDPMMJSË EJWFSTFT QSPKFDDJPOT

(JOB EF 5FSB

Ejtfòbnpt!tv!Mphpujqp!nât!upeb!mb!qbqfmfsîb )ubskfubt-!tpcsft-!gpmjpt*!bdpsef!b!tv!ovfwb jnbhfo/ Sfejcvkbep-!wfdupsj{bdjôo!z bduvbmj{bdjôo!ef!tv!mphpujqp!z òp mb!jnbhfo!dpsqpsbujwb!ef!tv tf fnqsftb/ Ej

h sâ

Ejtfòbnpt!dbnqbòbt!ef qvcmjdjebe!fo!dvbmrvjfs tpqpsuf!z!ubnbòpcvtdboep!mb!nâyjnb psjhjobmjebe!f!joopwbdjôo tjfnqsf!bdpsef!dpo!mbt ofdftjebeft!ef!tv!qspevdup/

g jdp

76:!19!85!6: xxx/tjohvmbst/ft ¸ fejup

sjbm ¸ qvcmjdjubsjp ¸ Joufsofu

mphpujqpt-!dbuâmphptgpmmfupt-!sfwjtubtjnbhfo!dpsqpsbujwbcpmfujoft-!usîqujdpt-!xfct bovodjpt-!mjcspt-!///

727 %DGDORQD

#BEBMPOB t &O VO BOZ FTQFDJBM DPN FM EFM EFTÒ BOJWFSTBSJ FM 5FBUSF ;PSSJMMB IB DSFTDVU QFM RVF GB FM OPNCSF E FTQFDUBDMFT J VOB BTTJTUÒODJB RVF UFNQPSBEB SFSF UFNQPSBEB FT WB DPOTPMJEBOU FO QBSU HSËDJFT B M FODFSU EFMT BCPOBNFOUT J EFTDPNQUFT RVF IB T IBO PGFSU EFT EFM TFUFNCSF EF " QBSUJS EF M EF TFUFNCSF RVBO QFS B MB NBKPSJB MFT WBDBODFT T IBVSBO BDBCBU J MB UPSOBEB B MB NPOÛUPOB SFBMJUBU TFSË VO GFU FT QPTBSBO B MB WFOEB MFT FOUSBEFT J FMT BCPOBNFOUT QFS B MB UBSEPS )BNMFU EJSHJEB QFS 0SJPM #SPHHJ TFSË M FODBSSFHBEB E FODFUBS MB

UFNQPSBEB VO NVOUBUHF RVF FT QPESË WFVSF B MB #JCMJPUFDB EF $BUBMVOZB % BMUSFT NVO UBUHFT E ÒYJU DPN BSB i&MT OPJT E )JTUÛSJBw UBNCÏ FT QPESBO WFVSF BM ;PSSJMMB -B NÞTJDB TFSË QSPUBHPOJTUB BNC MFT BDUVBDJPOT EF -VJT &EVBSEP "VUF .BZUF .BSUÓO .PODIP "MCFSU (VJ OPWBSU B NÏT EF M 0SRVFTUSB 4JNGÛOJDB EFM 7BMMÒT $PN B OPWFUBUT EFTUBDBEFT USPCFN FM #BEBMPOB %BOTB VO FTQFD UBDMF RVF DPNQUB BNC HBJSFCÏ UPUFT MFT FTDPMFT EF %BOTB EF #BEBMPOB J MB SFTJEÒODJB EF MB DPNQBOZJB #SPEBT BM UFB USF RVF FTUSFOBSË FM TFV EBSSFS

HVSDL F

&M ;PSSJMMB QSFTFOUB VOB UBSEPS DBSSFHBEB E FTUSFOFT UFBUSBMT NÞTJDB EBOTB J QSPEVDUFT GFUT B DBTB

NVOUBUHF 1FS BMUSB CBOEB J DPN TFNQSF EFT EF MB SFPCFSUVSB EFM ;PSSJMMB QPESFN WFVSF M PCSB E FOUJUBUT P #BEBMPOB &TDFOB 6OB TFMFDDJØ E BDUPST BNBUFVST EF #BEBMPOB SFQSFTFOUBSBO %PO +VBO 5FOPSJP UPUT FMMT EJSJHJUT QFS VO EFMT HSBOT EJSFDUPST EF M FTDFOB UFBUSBM 'FSSBO .BEJDP $PNQMFUFO MB QSPHSBNBDJØ i-B .BUFSOJUBU E &MOBw $IPDPMBU EBSSFS NVOUBUHF EF MB DPNQBO ZJB %JWJOBT FM DJSD EF &GFDUF %PQQMFS P 1SPEVDU EJSJHJEB QFS +VMJP .BOSJRVF TFOTF PCMJEBS FM 'FTUJWBM *OUFSOBDJPOBM 'JMNFUT (JOB EF 5FSB

$ 4BOU #SV #BEBMPOB

5FM ,PSUHVLyQ GLJLWDO %RGDV FRPXQLRQHV EDXWL]RV *UDQ IRUPDWR (VWDPSDFLyQ WH[WLO 5HJDORV SHUVRQDOL]DGRV 6FUDSERRNLQJ

.BUFSJBM J DPNQMFNFOUT QFS BM ,BZBL 727 %DGDORQD

QBH JOEE

'RQ 3HOD\R

7HO

HVSDL F

DJHQGD %DGDORQD

%VSBOU MB TFUNBOB

%JWFOESFT

4PSUJEB EJFT

7"-- % "3"/ ".# 9 &-4 (Ã&--4 %&5) +0&6 TPSUJN FM EJTTBCUF EF KVMJPM B MFT IPSFT FO 1FQ 7FOUVSB B MFT I .VTFV #BEBMPOB *OGPSNBDJØ "TTPDJBDJØ EF 7FÕOT EFM 1SPHSÏT

&YQPTJDJØ

.ÞTJDB . " 3 5 ¶ 4 & 3 3 " 5 3 * 0 ( 3 6 1 % & +";; "MHVOT NPNFOUT CPOT ÞMUJN USFCBMM B MFT I B M "OÓT EFM .POP &EVBSE .BSJTUBOZ 7FO EB E FOUSBEFT .VTFV #BEBMPOB

"MUSFT BDUJWJUBUT /*54 % &45*6 " - "/¶4 %&- .0/0 7JTJUFN MB GËCSJDB *OTDSJQDJØ QSÒWJB BM .VTFV #BEBMPOB

5&33" 1&%3" ."3 6/4 &41"*4 $0.1"35*54 "NC QJOUVSFT E "OUPOJ #FOBHFT J UFYU EF 7BMFOUÓ 4PMFS 'JOT EJKPVT EF KVMJPM &TQBJ #FUÞMJB &OSJD #PSSËT

$VSTPT $634 %& $04563" 5PUT FMT EJMMVOT J EJNFDSFT EF B I BM $$ -B .PSFSB "W #BD EF 3PEB 0SHBOJU[B $$ (FOU HSBO

&9104*$*» %& -¶%*" "/50/*0 530#"5 "- '0/4 */5&3/"$*0/"- %& 1*/563" (VBOZBEPSB EFM QSFNJ EF 1JOUVSB QFS B KPWFT QJOUPST 'JOT EJTTBCUF KVMJPM BM .VTFV #BEBMPOB

$MBTTFT E FTDBDT 1&3 "%6-54 $-6# 4"/5 +04&1 %& #"%"-0/" )PSBSJT GMFYJCMFT 4S .BOFM 4S 1BCMP QGFSOBOEF[!TPMJETBGF FT

#"%"-0/" o /*$"3"(6" "/:4 %& $001&3"$*» * "(&3."/".&/5 'JOT EJKPVT EF KVMJPM $$ %BMU -B 7JMB D (FSNË #FSOBCÏ

%JTTBCUF )PNFOBUHF )0.&/"5(& " 1"26*5" 46/:0- BOUJHB QSPGFTTPSB EF M &TDPMB .JO HVFMMB $ÓSDPM $BUÛMJD 4BOU "OBTUBTJ

" NÏT EF QBSUJDJQBS FO EJGFSFOUT DPODVSTPT .ÏT JOGPSNBDJØ XXX DFSUBNFOQBRVJUBTVOZPM CMPHTQPU DPN

%JVNFOHF 4BSEBOFT $0#-" 13&.*® B £ EF EFM WFTQSF BMT $BSNFMJUFT

$BNQJPOBU EhFYDVSTJPOJTNF 45" '& %&- .0/54&/: LN B MFT I " .BTOPV $BSSFGPVS "SHFOUPOB #PSEPJ -MJOBST $FMPOJ $BNQJOT 4UB 'F $SFVJB 1BMBVUPS EFSB 5 4U $FMPOJ -MJOBST -B 3PDB 7JMBOPWB 4U 'PTU $POSFSJB 4QPSU $JDMJTUB #ÏUVMP +PWFMMBS FTDBMB MPDBM

$BTUFMMFST "$56"$*» $"45&--&3" " 13&.*® %& ."3 QFS MB 'FTUB .BKPS B MFT I B MB 1MBÎB EF MB 7JMB $PMMFT QBSUJDJQBOUT $BQHSPTTPT EF .BUBSØ J $BTUFMMFST EF #BEBMPOB

(SVQ mMBUÒMJD

$PODVSTPT

&/4 3&6/*. $"%" %*--6/4 "- -0$"- %& - "440$ 7&¸/4 %&- $&/53& D .B HBU[FN EF MFT B MFT I "MUSFT DPMtMFDDJPOT /VNJOËUJDB -PUPGJMJB 9BQFT EF DBWB $SPNPT

7*** $0/$634 -*5&3"3* %& $"/:&5 $0/$634 %& 10&4*" /"33"5*7" * "626&4 $PNNFNPSBDJØ Ò "OJW +PTÏ "HVTUÓO (PZUJTPMP "RVFTUB DPOWPDBUPSJB FT SFBMJU[BSË EFT EF MB 7PDBMJB EF $VMUVSB 1PU QBSUJDJQBS IJ RVBMTFWPM QFSTPOB E BSSFV EF $BUBMVOZB )J IB USFT QSFNJT J VO BDDÒTTJU QFS B MFT USFT NPEBMJUBUT &OWJBS MFT PCSFT BCBOT EFM EF TFUFNCSF B "TTPDJBDJØ EF 7FÕOT EF $BOZFU 3JFSB $BOZFU CJT .ÏT JOGPSNBDJØ P 4SB /ÞSJB "SHFSJDI

$BTBMT 1&3 " +6#*-"54 " -" 4"-" -" #"%" -0/&/4& DBEB EJNBSUT EF MFT B MFT IPSFT FT GB #BMM BNC NÞTJDB FO WJV B DËSSFD EFM DBOUBVUPS J NÞTJD «OHFMP

"DUJWJUBUT 5"--&34 1FUJUT BSUJTUFT CSFBL EBODF EBOTB FTQBOZPMB JOGBOUJM FUD $$ -B $PMJOB 1M 3BGBFM $BNQBMBOT T O

µ 13&.* %& 1*/563" .&/"3*/* 1&3 " +07&4 1*/5034 -FT PCSFT FT QPESBO QSFTFOUBS BM .VTFV GJOT EJWFOESFT EF KVMJPM #BTFT EFM DPODVST FT QPEFO SFDPMMJS BM .VTFV #BEBMPOB J P DPOTVMUBS BM XFC EFM NBUFJY .VTFV J EF -BCPSBUPSJT .FOBSJOJ

5"--&34 1&3 " +07&4 "440$ %& +07&4 %&."4*"54 HSVQ EF 3PM %SB HPO )JMM DPNQBOZJB UFBUSF i-B GÞSJB EFM QMBUBOBSw $$ $BO $BOZBEØ 1PNQFV GBCSB T O

'PUP JNQMJDBhU

&41-"* %*1-0%0$64 %JTTBCUFT EF B IPSFT $$ $BO $BOZBEØ 1PNQFV GBCSB T O

$0/$634 '050(3®'*$ 1&3 3&'-&$5*3 26& ²4 1&3 " 56 * 0 1&3 -" 5&7" &/5*5"5 &- 70-6/5"3*"5 'FV OPT BSSJCBS MFT GPUPHSBGJFT GJOT EJNFDSFT EF KVMJPM 1SFNJ QFS BM HVBOZBEPS .ÏT JOGPSNBDJØ CBTFT GPSNVMBSJ DPODVST

KPWFTNJDBRVFS!HNBJM DPN P

"$5*7*5"54 1&3 */'"/54 " "/:4 3BDØ EFM KPD EBOTB DMËTTJDB CBMMFU GMBNFOD J TFWJMMBOFT $$ 5PSSF .FOB 1M 5SBGBMHBS T O

2VF OP TF UhFTDBQJ %JWFOESFT S $POHSÏT #BEBMPOB .PEB #BEBMPOB $FOUSF *OUFSOB DJPOBM EF /FHPDJT #$*/ 1PMÓHPO (VJYFSFT +PSOBEB DPNQMFUB

(6*" $6-563"- /07" JOEE

%JTTBCUF 'FTUJWBM *OUFSOBDJPOBM /PO 5ÛYJD 3BNCMB QBTTFJH .BSÓUJN 5FBUSF ;PSSJMMB TBMB &M 3FGVHJ I

727 %DGDORQD

HVSDL F

"$5*7*5"54 1&3 */'"/54 * +07&4 &4 1-"* ."44"(3"/ 3BDØ EF KPDT ,BTBM E BDUJWJUBUT EF KPWFT BMUFSOBUJVT ,"+" $$ .PSFSB "W #BD EF 3PEB

$"'µ4 5&35Á-*" 5PUT FMT EJKPVT B MFT IPSFT $$ $BO $BCBOZFT 3CMB 4BOU +PBO

&41-"*4 $"5"-"/4 &41-"$ "DUJWJUBUT EF MMFVSF QFS B JOGBOUT DBTBMT E FTUJV FTQMBJ DBQT EF TFUNBOB $$ %BMU MB 7JMB (FSNË #FSOBCÏ

$0/4&-- %& -" +07&/565 %& #"%"-0 /" 3FVOJØ UPUT FMT EJMMVOT B MFT IPSFT $$ %BMU MB 7JMB (FSNË #FSOBCÏ

530#"%" %& 3"%*0"'&$$*0/"54 %JNBSUT EF B IPSFT $$ %BMU MB 7JMB (FSNË #FSOBCÏ

"$5*7*5"54 DMBTTFT DBUBMË OJWFMM JOJDJBM QPFTJB J EFDMBNBDJØ IJQ IPQ CSFBL EBODF FUD $$ 5PSSF .FOB 1M 5SBGBMHBS T O

5BMMFS #"-- %& 4"-» $)"$)"$)« 4"-4" #"$)"5" 5PUT FMT EJNFDSFT GJOT FM NFT EF KVMJPM EF B IPSFT -MPD 3FHJEPSJB EF 1PNBS TPUB MB CJCMJPUFDB

*OTDSJQDJPOT J JOGPSNBDJØ $BTBM $ÓWJD EF 1PNBS

"TTPDJBDJPOT +6("%034 "/¾/*.4 *OUFSHSVQ EF #BEBMPOB J 4BOU "ESJË EF #FTÛT 4J FM KPD T IB DPOWFSUJU FO VO QSPCMFNB OPTBMUSFT QPEFN BKVEBS UF 5&- IPSFT

6$17$ &2/20$

%JKPVT &TQFDUBDMF 3PEBNPOT $0/5&4 %& -" 4033" $POUB DPOUFT B USBWÏT E VOT UJUFMMFT J NÞTJDB FO EJSFDUF " DËSSFD 5BSUSBOB 5JUFMMFT B MFT I #JCM $FOUSBM 4UB $PMPNB (SOFU +BSEÓ EF $BO 4JTUFSÏ

&9104*$*» %& $059&4 $-®44*$4 "- .®(*$ #"%"-0/" DPUYFT DMËTTJDT EFT EFMT BOZT GJOT BMT J VOB USP CBEB EF DPUYFT DMËTTJDT FM EJTTBCUF EF KVMJPM %VSBDJØ FYQPTJDJØ GJOT EJTTBCUF EF KVMJPM

4PMJEBSJUBU

63(&/5 "TTPD "NJDT (PSH .BS #BEBMPOB OFDFTTJUFN VOB $"%*3" %& 30%&4 */'"/ 5*- QFS B VO OFO EF BOZT RVF IB QBUJU VOB UFUSBQMÒHJB 'JOT RVF FMT TFSWFJT TPDJBMT OP FO EJTQPTJO E VOB FMM OP FT QPESË EFTQMBÎBS BOBS B FTDPMB SFIBCJMJUBDJØ

-B GBNÓMJB OP EJTQPTB EF SFDVSTPT FDPOÛNJDT QFS DPNQSBS OF VOB 1PEFV BESFÎBS WPT B

%FT EF M "TTPDJBDJØ 4PDJBM "NJDT EFM (PSH . B S # B E B M P O B

O F D F T T J U F N B N C VSHÒODJB $PUYFUT EF SPEFT NBOUFT NFOKBS SPCB EF OFO J RVBMTFWPM BMUSF UJQVT E BKVEB

$ 1POFOU CBJYPT #BEBMPOB 5&-

$ 1POFOU 5&-

%JTTBCUF 5BMMFS EF DVJOB TBMVEBCMF E FTUJV i"QSFO B NFOKBS TB B MB QMBUKBw %BWBOU NPOVNFOU 3PDB J 1J I 727 %DGDORQD

(6*" $6-563"- /07" JOEE

%JVNFOHF 3FDJUBM EF $BOUT EF i(PTQFMw 1BSD EFM (SBO 4PM I

HVSDL F

FLQHPHV

#SVOP

-B QSPQPTJDJØO

1BJOUCBMM

4BDIB #BSPO $PIFO JOUFSQSF UB B #SVOP VO SFQPSUFSP HBZ DPO DJFS UB PCTFTJØO QPS MB NPEB Z QPS FM DVMUP BM DVFS QP #SVOP OP TØMP TFNCSBSÈ FM DBPT Z MB DPOUSPWFSTJB FO FM NVOEP EF MB NPEB QBSB TBDBS B MB MV[ TVT NJTFSJBT TJOP RVF UBNCJÏO IB EJSJHJEP TVT D ÈVTU J D PT E BS E PT IB DJB PUSPT BTQFDUPT DBTP EF MBT FTUSFMMBT RVF BEPQUBO OJ×PT EF PUSPT DPOUJOFOUFT MPT NJMJUBSFT P MBT QSÈDUJDBT TBEPNBTP

.BSHBSFU FT VOB QPEFSPTB FEJUPSB RVF TF FOGSFOUB B TFS EFQPSUBEB B TV QBÓT EF PSJHFO 1BSB FWJUBSMP MB FKFDVUJWB EF DMBSB RVF FTUÈ DPNQSPNFUJEB DPO TV BTJTUFOUF "OESFX BM RVF MMFWB UPSUVSBOEP EVSBOUF B×PT "OESFX BDFQUB QBSUJDJQBS FO MB GBSTB QFSP DPO BMHVOBT DPOEJDJPOFT -B iQBSFKBw TF EJSJHF B "MBTLB QBSB DPOPDFS B MB QFDVMJBS GBNJMJB EF ÏM Z FMMB BDPTUVNCSBEB B UFOFS UPEP CBKP DPOUSPM TF FODVFOUSB JONFSTB FO TJUVBDJPOFT TVSSFBMJTUBT

0DIP QFSTPOBT WJBKBO FO VOB GVSHPOFUB FODBQVDIBEBT 5P EP GPSNB QBSUF EF VOB QBSUJEB EF 1BJOUCBMM RVF IBO DPOUSBUB EP 1SPDFEFOUFT EF EJGFSFOUFT MVHBSFT MPT KVHBEPSFT OP TF DPOPDFO Z EFCFSÈO GPSNBS FRVJQP QBSB HBOBS MB QBSUJEB Z DPOTFHVJS MBT TFJT CBOEFSBT SFQBSUJEBT QPS FM CPTRVF 5SBT VO QSJNFS BUBRVF EFM FRVJQP DPOUSBSJP VOP EF MPT KVHBEPSFT NVFSF BMHVJFO MFT IB EJTQBSB EP QFSP OP DPO CBMBT EF QJOUV SB TJOP DPO CBMBT EF WFSEBE

% JS - BSS Z $IBS MFT 64" $PNFEJB *OUFS 4BDIB #BSPO $PIFO 3JDIBSE #FZ 1BVMB "CEVM

%JS "OOF 'MFUDIFS 64" $PNFEJB SPNÈOUJDB *OUFS 4BOESB #VMMPDL 3ZBO 3FZOPMET .BMJO "LFSNBO

%JS %BOJFM #FONBZPS &TQB×B 5FSSPS *OUFS #SFOEBO .BDLFZ 3PCFSU .BTLFMM 1BUSJDL 3FHJT

7FOEB EhFOUSBEFT %FT EFM EF KVMJPM m OT BM EF KVMJPM

4BMB 'JMN

1BTF 1BTF 1BTF 1BTF 1BTF 1BTF .BUJOBM (PMGB

1BHBGBOUBT -PT IPNCSFT RVF OP BNBCBO B MBT NVKFSFT /0 %0 WJFSOFT Z TÈCBEP

4JO MÓNJUFT 5FSNJOBUPS 4BMWBUJPO 5SBOTGPSNFST $PSB[ØO EF UJOUB .ÈT BMMÈ EF MB EVEB *DF "HF 5SBOTGPSNFST $MFBOFS *DF "HF #SàOP ,JLB TVQFS CSVKB 0CTFTJPOBEB -B QSPQPTJDJØO

1301&3&4 &453&/&4 -B QSPQPTJDJØO "WJOHVEB 4BMWBEPS &TQSJV *OGPSNBDJØ #VT # # # # # / .FUSP -ÓOJB (PSH 53".CFTÛT 5 5

QBH JOEE

727 %DGDORQD

4PO SPCPU RVF BOEBO %PT WFDFT %PT B×PT EFTQVFT {TØMP EF MB QSJNFSB QBSUF .JDIBFM #BZ TF SFHBMB FTUB DPOUJOVBDJØO RVF TJSWF QBSB NBOUFOFS WJWB MB FYQSFTJØO EF iNÈT SÈQJEP NÈT BMUP NÈT GVFSUFw RVF UBO PMÓNQJDBNFOUF TVFOB 1FSP FT RVF FT MB WFSEBE .JTNPT QFSTPOBKFT NJTNBT FT

DFOBT NJTNPT FTDFOBSJPT QFSP `B MP (3"/%& : " -0 #&45*" .ÈT SPCPUT Z NÈT DIJDIB QBSB VOB IJTUPSJB RVF JOUFOUB FTUBS VO QPDP NFKPS IJMBEB MBT WJTJPOFT EF 4IJB RVF EJSJHFO FM EFTUJOP EF MB QFMÓDVMB KVOUP DPO TV OVFWB WJEB VOJWFSTJUZ TUZMF QFSP DPO MPT NJTNPT TFDVOEBSJPT P BMNFOPT VUJMJ[BOEP MPT NJTNPT SFDVSTPT DPNP FM DPNQB×FSP IJTQBOP EF VOJWFSTJEBE RVF TPQPSUB UPEP FM IVNPS SBDJBM RVF ZB TPQPS UB CB FM DIJDP BGSPBNFSJDBOP FO MB QSJNFSB QBSUF 1PS OP IBCMBS EF +PIO 5VSUVSSP FO VO QBQFM RVF EB WFSHVFO[B BKFOB " TJ Z MB 6 4 "SNZ (MPSJPTB 4IJB -FCPVG TJHVF BIÓ DVSSBOEP QBSB QBHBS GBDUVSBT BVORVF QPDP B QPDP TJHVF EFNPTUSBOEP RVF IB HB MP RVF IBHB MP IBDF CJFO {QBSB DVÈOEP VOB DPNFEJB 4QJFMCFSH DPO FM OJ×P EF QSPUB Z .FHBO 'PY CVFOP VUJMJ[BOEP MB GSBORVJ DJB QBSB DPNFSTF MBT QPSUBEBT EF MBT SFWJTUBT EF UVSOP DBDIFUF B MB WJTUB Z MP RVF IBHB GBMUB

&RQFXUVR

&, 1([/ $ .

-B QBSUF UÏDOJDB OP UJFOF UBDIB BMHVOB .FKPS TJ DBCF RVF MB QSJ NFSB QBSUF -PT SPCPUT OP QBSFDFO SPCPUT 40/ SPCPUT : UFOJFOEP FO DVFOUB RVF IBZ USPQFNJM EF FMMPT FO MB QFMÓDVMB TFSÓB DSVFM OP SFDPOPDFS MB GBFOB EF PSEFOBEPS RVF IBZ EFUSÈT EF FMMB $IPDB FTP TÓ RVF TF MV[DBO TJFNQSF TPCSF MBT BSFOBT EF &HJQUP {"DBTP MPT .POFHSPT OP WBMESÓBO DPO TVT MBHBSUPT Z TVT QJFESBT .JDIBFM #BZ OP FOHB×B B OBEJF /P WB EF OJ×P NBMP QPS FM NVOEP OJ EF EJSFDUPS SFGFSFOUF OJ EF HSBO DSFBEPS EF IJTUPSJBT "M IPNCSF MF HVTUB FM GVFHP FM BDFSP MBT UÓBT TPCSF NPUPT FM 5/5 Z WFS POEFBS MB CBOEFSB BNFSJDBOB GSBNFT QPS TFHVOEP Z WB B MP RVF WB " RVF MB HFOUF TF EFTHB×JUF FO MB TBMB TBCPSFF TVT $PLFT Z QJFOTF FO RVF i(PE CMFTT "NFSJDBw 5BM WF[ BMHÞO EÓB BMHÞO EJSFDUPS FTQB×PM MP DPOTJHB )BTUB FOUPODFT

HVSDL F

-B $SÓUJDB 5SBOTGPSNFST

5BNBZPhT UBNBZP@CEO!IPUNBJM DPN

5$

#BEBMPOB BDJOF .ËHJD H F .

T MP O F P MUJNP FTUSFO ","3" FM Þ Y S F W TPSUFP EF FOUSBE F D UF {5F BQF BT *OGPSNBDJØO TPCSF FM DPODVSTP $BEB KVFWFT TPSUFBNPT FOUSBEBT QBSB BDVEJS B WFS DVBMRVJFS QFMÓDVMB FO MPT DJOFT .FHBDJOF .ËHJD #BEBMPOB 4J SFTVMUBT TFS VOP EF MPT HBOBEPSFT QPESÈT WFS DVBMRVJFS QFMÓDVMB FO DVBMRVJFS TFTJØO EF MVOFT B KVFWFT NFT EFTEF MB GFDIB EFM TPSUFP

{$ØNP TBCFS TJ IBT SFTVMUBEP HBOBEPS $BEB TFNBOB TBMESÈO MPT HBOBEPSFT EF MBT FOUSBEBT FO FM BQBSUBEP EF DJOFT EF MB TFDDJØO &TQBJ$ EPOEF QVCMJDBSFNPT MPT OPNCSFT EF MPT QSFNJBEPT

CBEBMPOB!FMUPUEJHJUBM

{$ØNP QBSUJDJQBS

DPN

MMB EF NFHBDJOF &ODVFOUSB MB FTUSF T FO VODJPT BQBSFDJEP FO VOP EF MPT BO M OPNCSF EF MB T F OP WÓB &O B JTU FTUB SFW F FM OUF EPOEF BQBSFD FNQSFTB BOVODJB EBUPT EF T Z BUP T E UV UB OÞNFSP EF SFWJT P DPSSFP FMFDUSØOJD DPOUBDUP B OVFTUSP N JHJUBM DP CBEBMPOB!FMUPUE

(BOBEPSFT EFM TPSUFP EF FOUSBEB EF MB SFWJTUB . (MPSJB #MBZB $BOBT 3BGBFM .PSBMFT "MNBOTB . -VJTB "MBSDØO "MBSDØO

727 %DGDORQD

QBH JOEE

HVSDL F

QRYHWDWV PÙVLFD

1FS (JOB EF 5FSB

OOLEUHV

6*' &1 # /QWVJHWN +B GB NÏT E V O B O Z RVF BRVFT UB QBSFMMB WBO USFVSF BM NFSDBU VO EJTD EF QPQ E BRVFMMT RVF TFNQSF WF EF HVTU FTDPMUBS 5BOU FMM DPN FMMB WFOFO EFM NØO EFM KB[[ VOB JOn VÒODJB FWJEFOU QFSÛ QFMT BJSFT FYQFSJNFOUBMT EF MFT DBOÎPOT $BEB UFNB ÏT VOB TPSQSFTB VO EJTD EJGFSFOU RVF QPU BHSBEBS B UPUIPN 6O EJTD RVF QPU BDPN QBOZBS VO CPO WJBUHF FO DPUYF

QBH JOEE

-JOFT WJOFT BOE USZJOH UJNFT +POBT #SPUIFST ,JOH PG 1PQ .JDIBFM +BDLTPO (SBO DJUZ QPQ 1BVMJOB 3VCJP $PQMBT EFM RVFSFS .JHVFM 1PWFEB )BOOBI .POUBOB # 4 0 5IF .PWJF

3 P T B N P O E I B N V F S U P 5F OÓB B×PT 5SBT FM FOUJFSSP FM UFTUB NFOUP 3PTBNPOE OVODB TF DBTØ OJ UVWP IJKPT Z TV IFSFODJB EFCFSÈ SFQBSUJSTF FOUSF (JMM Z %BWJE MPT IJKPT EF TV IFSNBOB F *NPHFO VOB DBTJ EFTDPOPDJEB RVF (JBMM WJP VOB WF[ IBDF NÈT EF WFJOUF B×PT FO VOB SFVOJØO GBNJMJBS &SB VOB OJ×B SVCJB Z DJFHB EF TJFUF B×PT FYUSB×B Z FODBOUBEPSB RVF TFEVKP B UPEPT MPT JOWJUBEPT

-MJTUB EF DBOÎPOT .PWJOH .BDBDP $PMHBOEP EF UVT NBOPT $ #BVUF . 4ÈODIF[ 1PLFS GBDF -BEZ (BHB 7FSBOP B[VM .BHBO QSFTFOUT *Om OJUZ (VSV +PTI QSPKFDU

70# %15# 2'4 ':2.+%#4 815 *CPKH -WTGKUJK #0#)4#/# '/2­4+'5 +BNBM ÏT VO DP OFHVU QTJDPBOB MJTUB B RVJ QFSTF HVFJYFO FM TFV QSJNFS BNPS J VO BDUF CSVUBM EF WJPMÒODJB EFM RVBM OP IB QPHVU FTDBQBS NBJ .JSBOU FOSFSF B MB TFWB KPWFOUVU EFMT BOZT TFUBOUB DPOTUSVFJY VO FTDFOBSJ QMF EF WJEB QFS BM ESBNB RVF FT EFTFOWPMVQB USFT EÒDBEFT NÏT UBSE RVBO FMM J FMT TFVT BNJDT T BDPTUFO BM DBJSF EF MB NJUKBOB FEBU BNC FMT USBVNFT EF MB KPWFOUVU FODBSB QFS SFTPMESF

'.8+5 2'4-+05 +P &GCTNCPF +B EFT EFM QSJNFS UF NB i4IBN Q P P w F O T B E P O F N RVF FTUFN E B W B O U E VO CPO EJTD DBOÎPOT RVF FM RVBSUFU IB USFCBMMBU NJ OVDJPTBNFOU J FT OPUB J NPMU FO FM SFTVMUBU DPN B %PPNTEBZ VOB KPJFUB EFM GPML 6O USFCBMM RVF WB NÏT FOMMË EFM NBUFJY QFSTPOBUHF EF IPNF EFTHSB DJBU GJMMT E BSUJTUFT J PSGF FO QMFOB KPWFOUVU 'PML 1PQ *OEJF EF DBUFHPSJB

-MJTUB EhËMCVNT

.# ..78+# #0 6'5 &' %#'4 ,QPCVJCP %QG #0#)4#/#

&+015#74 ,4 (CTO )J IB CBO EFT RVF FT U P S O F O B VOJS QFS GFS RVBUSF DPO DFSUT J QFS NFUSF BMT GBOT WFVSF MT FO EJSFDUF J SFDPSEBS WFMMT UFNQT / IJ IB E BMUSFT RVF FT SFVOFJYFO QFS GFS EJTDPT J NBSF NFWB RVJO EJTD FO EF %JOPTBVS +S BNC VOT UFNFT OPUBCMFT RVF FOT EFNPTUSFO RVF TJ TF TBQ VTBS DPSSFDUBNFOU MB JOTQJSBDJØ FM SFTVMUBU ÏT FYDFMtMFOU /P VT FM EFJYFV FTDBQBS

PÙVLFD

1FS 4BMUBNBSUÓ -MJCSFT

-MJTUFT GBDJMJUBEFT QFS 1SPNVTJDBF

OOLEUHV &MT NÏT WFOVUT -B SFJOB BM QBMBV EF MFT DPSSFOUT EhBJSF 4UJFH -BSTTPO -B SFJOB FO FM QBMBDJP EF MBT DPSSJFOUFT EF BJSF 4UJFH -BSTTPO -B NBOP EF 'ËUJNB *MEFGPOTP 'BMPOFT

01/'5 '05 37'&# .ŏ#/14 #IWUVÈP (GTP¶PFG\ 2C\ $41/'4#

-MJTUB GBDJMJUBEB QFS 4BMUBNBSUÓ -MJCSFT

)J IB VOB USBNB EF GJMT JOWJTJCMFT RVF VOFJY MFT WJ EFT EFMT QFSTPOBUHFT E BRVFTU MMJCSF UPUT FMMT EFTDPCSFJYFO RVF M BNPS ÏT VO TFOUJNFOU QPEFSPTÓT TJN DBQBÎ EF USBOTGPSNBS MPT QFS DPNQMFU J EF GFS MPT WFVSF MB WJEB E VOB BMUSB NBOFSB 1FSÛ UBNCÏ FYQFSJNFOUFO M BNBSHPS EFM EFT BNPS P EF M BCTÒODJB P EFMT BNPST USFODBUT - BNPS Bn PSB FO UPUFT MFT FYQSFTTJPOT

$BOPOHF #BSBOFSB #BEBMPOB

XXX TBMUBNBSUJ DPN TBMUBNBSUJ!TBMUBNBSUÓ DPN

727 %DGDORQD

307*304" (&4503

)5$1&(6& /$<5(7 EDL[RV 7HOV )D[ %$'$/21$ ZZZ URYLURVDJHVWRU FRP +25$5, '·(67,8 GH O GH MXOLRO DO GH VHWHPEUH GH K D K GLPHFUHV L GLVVDEWHV WDQFDW

3,626 (1 //2*8(5 $57,*$6 5,86 , 7$8/(7 +DE PHQM FXLQD EDQ\ WHUUDVVD GH P ½ %$5&(/21$ $/0$16$ P KDE PHQM FXLQD EDQ\ %RQ HVWDW GLVSRVD GH FRPSWDGRUV HQVHQ\D SURS ½ %8)$/$ ,1'(3(1'(1&,$ +DE PHQM FXLQD EDQ\ DPE GXW[D QR DVF ½ %8)$/$ ,1'(3(1'(1&,$ +DE PHQM FXLQD EDQ\ DPE GXW[D QR DVF %RQ HVWDW ½ %8)$/$ ,1'(3(1'(1&,$ +DE PHQM FXLQD EDQ\ DVHR 3$5. &DOHIDFF DLUH DFRQG %21 (67$7 P ½ %8)$/$ $9*'$ 0$57, 38-2/ +DE PHQM FXLQD EDQ\ KL KD PREOHV P ½ &$1<$'2 320$5 %$,; +DE PHQM FXLQD EDQ\ 727 (;7(5,25 %21 (67$7 ½ &(175( $9*'$ 0$57, 38-2/ +DE PHQM FXLQD EDQ\ DVHR D SURS 5HQIH EDOFy %21 (67$7 DVFHQVRU ½ &(175( $9*'$ 0$57, 38-2/ +DE VXLWWH SDWL GH P EDQ\ DVHR %21 (67$7 ½ &(175( $16(/0 &/$9( %;6 L 3,6 KDE PHQM FXLQD EDQ\ FDOHIDFF &DVD P SDWL ½ &(175( )5$1&(6& 3/$1$6 , &$6$/6 KDE PHQM FXLQD EDQ\ EDOFy L WHUUDVVD SHO GDUUHUD SLQWDW L DFRQGLFLRQDU ½ &(175( /$,(7$1,$ KDE PHQM FXLQD EDQ\ DVHR %21 (67$7 P DVFHQVRU LQWHULRU ½ &(175( //(2 +DE PHQM FXLQD EDQ\ 727$/0(17 5()250$7 V DVFHQVRU P P WHUUDVVD ½ &(175( 0$57, , -8/,$ P 3,6 128 GH KDE PHQM FXLQD EDQ\ WHUUDVVD EDOFy ½ &(175( 6$17 $1$67$6, +DE PHQM FXLQD EDQ\ SRFV YHwQV %RQ HVWD ½ &(175( 6$17 $1$67$6, +DE PHQM FXLQD WRW MXQW EDQ\ WRWDOPHQW UHIRUPDW À QFD SRFV YHwQV ½ &(175( 6$17$ 0$'521$ +DE PHQM FXLQD EDQ\ EDOFy ERQHV YLVWHV DO PDU ½ &(175( 6$17 3$8 KDE PHQM FXLQD EDQ\ WHUUDVVD H[WHULRU QRPpV GRV YHwQV 5()250$7 ½ &(175( 7(03/( P KDE GREOH WHUUD KLGUiXOLF %21 (67$7 ½ &2// 38-2/ $*8('$ 0203(/ +DE PHQM FXLQD EDQ\ FXLQD UHIRUPDGD ERQ HVWDW V DVFHQVRU P ½ *25* ' 3(/$<2 +DE PHQM FXLQD EDQ\VFDOHI DLUH DFRQG PREOHV P DVFHQVRU ½ *25* -26(3 9,&(16 )2,; +DE PHQM FXLQD EDQ\ FRPSW %DOFy DVF %21 (67$7 ½ *25* 321(17 +DE PHQM FXLQD EDQ\ SLV GH P WHUUDVVD GH P ½ *25* 321(17 KDE PHQM FXLQD EDQ\ DVHR P +L KD PREOHV FRVWDW SDYHOOy EDVTXHW ½ *25* 725726$ +DE PHQM FXLQD EDQ\ WRWDOPHQW UHIRUPDW 3DUTXHW V DVFHQVRU P EDOFy ½ //25('$ -2&6 )/25$/6 KDELWDFLRQV PHQMDGRU FXLQD EDQ\ 727 (;7(5,25 P ½ 3(3 9(1785$ *5$/ :(</(5 0 KL KD PREOHV KDE PHQM FXLQD EDQ\ DVHR 3(5)(&7( (67$7 ½ 3(3 9(1785$ *5$/ :(</(5 +DE PHQM FXLQD EDQ\ DPE GXW[D SLQWDW FXLQD QRYD %RQ HVWDW ½ 3(3 9(1785$ *8,;(5$6 +DE PHQM FXLQD EDQ\ SRFV YHwQV QR DVFHQVRU +L +D XQ EDOFy DPE GXW[D ½ 3(3 9(1785$ *8,;(5$6 %$,;26 KDELW PHQM FXLQD EDQ\ 727$/0(17 5()250$7 3$7, ,17(5,25 ½ 3(3 9(1785$ 0,48(/ 6(59(7 +DE PHQM FXLQD EDQ\ 5HIRUPDW WHUUDW FRPXQLWDUL 3RFV YHwQV ½ 3(3 9(1785$ 0,48(/ 6(59(7 KDE PHQM FXLQD EDQ\ WHUUDW FRPXQLWDUL 3RFV 9HwQV ½

727 %DGDORQD

SPWJSPTB SFEJTTFOZ JOEE

3(3 9(1785$ 7255$6 , %$*(6 +DE PHQM FXLQD EDQ\ DVHR DPE GXW[D L WHUUDVVD GH P H[WHU +L KD FRPSW ½ 3(3 9(1785$ 7255$6 , %$*(6 iWLF KDEW PHQM FXLQD EDQ\ WHUUUDVVD P DVFHQVRU ½

3,626 '( 129$ &21758&&,2 3(5 //2*$5 %8)$/$ *,521$ 8/7,0 3,6 $7,& KDE PHQM FXLQD EDQ\ DOWHOO 7(55$66$ 0 ½ &(175( 0$57, , -8/,$ ),1&$ 5()250$'$ /2)7 GH P ~OWLP SLV ½ 7,$1$ &$/6 )5$5(6 XOWLP SLV GXSOH[ KDE VXLWWH EDQ\V WHUUDVVD P H[WHULRU ½

/2&$/6 3(5 //2*$5 $57,*$6 *8$6&+ YDULV ORFDOV Q P ½ FO Q E[V P ½ FO Q E[V P ½ FO ½ $57,*$6 9tFWRU %DODJXHU P FRPHUFLDO R PDJDW]HP ½ %$5&(/21$ OHJDOLWDW P ERQ HVWDW FRPHUFLDO ½ &(175( $9*'$ 0$57, 38-2/ E[V VRW &RPHUFLDO PROW GH SDV DO FRVWDW GHO VHPDIRU ½ &(175( &$121*( %$5$1(5$ P [ · ½ &(175( )5$1&(6& /$<5(7 P ½ &(175( )5$1&(6& 3/$1$6 , &$6$/6 P SODQWHV GH P [ ½ &(175( *$/(5,(6 9,&725,$ DQWLF WRW P P P DOWHOO

DQWLF WRW KL KD FRPSWDGRUV ½ &(175( 0$57, , -8/,$ P PDJDW]HP R VLPLODU ½ &(175( 35,0 P RÀ FLQD R VLPLODU ERQ HVWDW FRPSWDGRUV ½ &(175( 5,(5$ 0$7$02526 P ½ &(175( 6$17$ 0$5,$ ORFDO P DSWH PDJDW]HP R VPLOLDU ½ &(175( 6$1 %58 0$57, -8/,$ ORFDO P FRPHUFLDO ½ &(175( 6$17 -26(3 25,2/ P PDJDW]HP JDUDWJH ½ &(175( 6$17,$*2 586,f2/ P SHU RÀ FLQHV PDJDW]HP ½ '$/7 /$ 9,/$ %$5&(/21$ P RÀ FLQD R VLPLODU ½ '$/7 /$ 9,/$ %$5&(/21$ P PDJDW]HP ½ *25* $/)216 ;,,, P DQWLF JLPQDV ORFDO FRPHUFLDO ½ //25('$ 3-( 5,8 12*8(5$ P PDJDW]HP R VLPLOLDU ½ //25('$ 6(55$ '·$52 QHJRFL GH PHQMDUV SUHS YLYHQGD D SURS FRQWLQHQWH ERQD VLWXDFLR ½ 5% 6$1 -2$1 &$0(/,$ P ½ 6$/87 (&+(*$5$< P ERQ HVWDW DEDQV SHUUXTXHULD ½ 6$17 &5,67 $9*'$ &$5,7* P RÀ FLQD PDJDW]HP HWF ½ 6$17 &5,67 $9*'$ &$5,7* P PDJDW]HP WDOOHU ½ 6$17 &5,67 &8%$ P ½ 3(3 9(1785$ )5$1&(6& 0$&,$ P P VRW +L KD XQ SDWL GH P ½

3/$&(6 '·$3$5&$0(17 3(5 //2*$5 &(175( 5 0$7$02526 SODQWD SODoD JUDQ ½ &(175( 5 0$7$02526 SODoD GREOH [ JDUDWJH SULYDW ½ &(175( 62/(7$7 SODoD JUDQ ½

,1)250$&,2 '( 9(1'(6 '$/7 /$ 9,/$ TXLQWDQD DOWD SLV GXSOH[ ORFDO P SHU UHIRUPDU KL KD SDWL LQWHULRU ½ 3(3 9(1785$ P 6HUYHW FDVD GH P WUHV SODQWHV PHV SDWL SHUIHFWH HVWDW ½ 3(3 9(1785$ 5 $UJHQWLQD SHU UHIRUPDU P KDE ½ 35(0,$ 0$5 U &DVDQRYDV FDVD XQLIDPLOLDU SO ; KDE EDQ\V MDUGL SDUTXLQJ ERQ HVWDW ½ 5$0%/$ 3$66(,* 0$5,7,0 SODQWD EDL[D WRWDOPHQW UHIRUPDGD P YLYHQGD P GH SDWL OLQHD GH PDU ½ 67$ &2/20$ *5$0 FO &DPSURGRQ ORFDO GH P ½

DQLPÁOLD

CPKOÀNKC

FRQVHOOV DQLPDOV GH FRPSDQ\LD YHWHULQDULV RSLQLÓ QSPCMFNB NFOZTw .PMUT HBUT J HPTTPT BCBOEP OBUT QSPCBCMFNFOU BDBCBSBO FO HPTTFSFT PO QPUTFS UJOESBO VOB TFHPOB PQPSUVOJUBU BM USFT OP IJ TPSUJSBO QFSRVÒ TPO HSBOT NBTTB NPHVUT WFMMT P TJNQMFNFOU FM UÓQJD J TFHVS RVF NPMU FTDPMUBU iBRVFTU HPT OP N BHSBEB J GB NBMB PMPSw "MUSFT TFSBO BUSPQFMMBUT FO DVOFUFT P BDBCBSBO FO CPTDPT P NVOUBOZFT DPN NPMUT RVF QPEFN USPCBS QFS MB [POB EF M IPTQJUBM i$BO 3VUJw BRVFTUT RVF OP BSSJCFO B HPTTFSFT EJ SFDUBNFOU OP TBCFO FM RVF QPU TFS VOB OPWB WJEB J VOB OPWB PQPSUVOJUBU &M RVF FT WBMPSB FO VO HBU P HPT OP FT M FTUÒUJDB P M FEBU TJOØ MB TFWB DPOEVDUB J BNJTUBU 4J T BEPQUB VO EF CFO TFHVS RVBO FTUJHVFN TPMT B DBTB WJOESBO DPSSFOU DBQ BM TPGË BNC MB QJMPUB QFS KVHBS J QBTTBS VOB CPOB FTUPOB BNC BRVFMM RVF MJ EFNPTUSJ RVF UPUT UFOJN NFT E VOB PQPSUVOJUBU

(BUT J (PTTPT B MhFTUJV

"SB BNC M BSSJCBEB EFM CPO UFNQT FT FM NPNFOU FO RVF UPUT NBSYFN EF WBDBODFT QFSÛ FO NPMUT IPUFMT OP FOT IJ EFJYFO FOUSBS FMT RVF TPO VO NFNCSF NFT EF MB GBNÓMJB &MT OPTUSFT HBUT J HPTTPT RVF EJB B EJB FOT SFHBMFO NPMUT CPOT NPNFOUT 1FS BJYÛ NPMUB HFOU FT WFV PCMJ

HBEB B EFJYBS MPT B GBNJMJBST P BNJDT RVF OP FOT DPCSFO FM GBWPS BNC EJOFST BMUSFT FMT EFJYFO FO SFTJEFODJFT PO GBO BRVFTUB GVODJØ QFSÛ B DBOWJ EF EJOFST "MUSFT QFSTPOFT OP DPOUFN QMFO DBQ EF MFT EVFT PQDJPOT EJSFDUBNFOU FT USFVFO EF TPCSF FM TFV HBU P HPT J QFOTFO wVO

$MBSB .POUÏ 7PMVOUBSJB "40"

DGRSWD P 7&("

,"-0

)FNCSB KPWFO 5SBT TFS BEPQUBEB IBDF VOPT NFTFT VOB GBNÓMJB JSSFTQPOTBCMF MB EFWVFMWF DPNP TJ EF VO PCUFKP TF USBUBTF

.BDIP KPWFO $BSJ×PTP QFRVF×BKP NÈT EF VO B×P FTQFSBOEP VO IPHBS JOKVTUP BCBOEPOP JOKVTUB FTQFSB

"TPDJBDJØO 4FHVOEB 0QPSUVOJEBE "OJNBM t "QBSUBEP QPTUBM

%h&/ #04$ (0'&3%

)041*5"7&5&3*/"3* - "3$"

t "%*&453".*&/50 " %0.*$*-*0 t $3*" &9$-64*7" %& 30558&*-&3 "'*+0 %& (0'&3 ' $ * #"%"-0/" 5&- 1®(*/" 8&# %h&/ (0'&3%

QBH JOEE

BTPB!BTPB OFU

5FM 'BY

/; # XXX BTPB OFU "QU #BEBMPOB

$SFV #KT #BEBMPOB

727 %DGDORQD

HO WHX FDUUHU

$BSSFS EF (BMJMFV 3BWBM t (BMJMFP (BMJMFJ 1JTB "SDFUSJ 'ÓTJD J BT USÛOPN JUBMJË RVF KVOUBNFOU BNC MhBTUSÛOPN BMFNBOZ +PIBOOFT ,FQMFS WB DPNFOÎBS MB SFWPMV DJØ DJFOUÓGJDB RVF WB DVMNJOBS BNC MhPCSB EFM GÓTJD BOHMÒT *TBBD /FXUPO -B TFWB QSJODJQBM DPO USJCVDJØ B MhBTUSPOPNJB WB TFS MhÞT EFM UFMFTDPQJ QFS B MhPCTFSWBDJØ J FM EFTDVCSJNFOU EF MFT UBRVFT TPMBST MFT WBMMT J MFT NVOUBOZFT EF MB -MVOB FMT RVBUSF TBMrMÒUJUT NBKPST EF +ÞQJUFS J MFT GBTFT

EF 7FOVT &O FM DBNQ EF MB GÓTJDB WB EFTDVCSJS MFT MMFJT RVF SFHFJYFO MB DBJHVEB EFMT DPTTPT J EFMT QSPKFDUJMT 1SPDFTTBU QFM USJCVOBM EF MB *ORVJTJDJØ (BMJ MFV WB FTEFWFOJS VO TÓNCPM EF

MB EFGFOTB EF MB JOWFTUJHBDJØ DJFOUÓmDB TFOTF JOUFSGFSÒODJFT mMPTÛmRVFT OJ UFPMÛHJRVFT -hBOZ FM 7BUJDË WB SFDPOÒJYFS FM TFV FSSPS FO FM QSPDÏT RVF TF MJ EVHVÏ B UFSNF

"#3"4 . $"33&3"4 . /*&50 % &MT DBSSFST EF #BEBMPOB .VTFV EF #BEBMPOB J $POTPSDJ QFS B MB /PSNBMJU[BDJØ -JOHàÓTUJDB

7*7&/%&4 &/ --0(6&3

-0$"-4 &/ --0(6&3

$"/:"%0 1M .BSJOBEB N IBC CBOZT DVJOB NFOKBEPS UFSSBTTB QL å &3/&45 --6$) IBC CBOZT DVJOB NFOKBEPS UFSSBTTFT SFOUBQMBU SFOUBEPSB OFWFSB QL å '30/5 ."3¶5*. IBC DVJOB CBOZ NFOKBEPS UFSSBTTB QL USBTUFS å +0"/ .*3» ËUJD N IBC CBOZT DVJOB TBGBSFJH NFOKBEPS HSBO UFSSBTTB å & ."3*45"/: IBC WFTUJEPS DVJOB CBOZ NFOKBEPS UFSSBTTFT QL BNPCMBU B D DBMFGBDDJØ å )*10-*50 -";"30 #Y N IBC CBOZT DVJOB NFOKBEPS FTUVEJ UFSSBTTB USBTUFS /06 å 3".#-" IBC DVJOB CBOZ TBGBSFJH NFOKBEPS å )*10-*50 -";"30 QSJNFS N IBC CBOZT DVJOB NFOKBEPS UFSSBTTB USBTUFS /06 å )*10-*50 -";"30 TFHPO N IBC CBOZT DVJOB NFOKBEPS CBMDPOT USBTUFS /06 å 3".#-" IBC DVJOB CBOZ NFOKBEPS å & ."3*45"/: IBC CBOZT DVJOB NFOKBESP FTUVEJ UFSSBTTB QL B B DBMFGBDDJØ å 13*. IBC DVJOB CBOZT NFOKBEPS TBGBSFJH CBMDØ QBSRVFU DBMFGBDDJØ å 3&1 10356(6&4" IBC DVJOB CBOZ NFOKBEPS QBUJ USBTUFS å 13*. IBC DVJOB CBOZT NFOKBEPS TBGBSFJH CBMDØ QBSRVFU DBMFGBDDJØ BTDFOTPS å .0/5("5 304&--" IBC CBOZT OP BTDFOTPS å 4"3"(044" IBC DVJOB NFOKBEPS CBOZ TBGBSFJH " " QBSRVFU å 13*. IBC DVJOB CBOZ NFOKBEPS USBTUFS å 3&1 10356(6&4" IBC DVJOB CBOZ NFOKBEPS UFSSBTTB å #6'"-" 4BSEBOB IBC CBOZ DVJOB NFOKBEPS UPU SFGPSNBU å 45 .03* 4"-06 IBC CBOZ DVJOB TBGBSFJH BTDFOTPS å ."35* 16+0- #VGBMB IBC DVJOB CBOZ NFOKBEPS UFSSBTTB å 1-"±" #"%"-0/" IBC DVJOB CBOZ NFOKBEPS SFGPSNBU å 4"#"%&-- IBC DVJOB NFOKBEPS CBOZ UFSSBTTB QL USBTUFS å $&37"/5&4 IBC DVJOB TBGBSFJH CBOZ NFOKBEPS OPV å "1"35".&/5 #&/*%03. IBC QFSTPOFT QL QJTDJOB å

7*" "6(645" 0'*$ 1-"/5" Á/*$" MBWBCPT BNC EJTUSJCVJDJPOT UTTB å #0/"7*45" 3PT J (àFMM N å 1035 1BUÓ EF 7FMB N N BMÎBEB /06 å #6'"-" 4BSEBOB N PQDJPOBM PGJDJOFT BOFYFT N å .&3$"5 503/&3 . "EFDVBU QFS B PGJDJOFT å -0$"- %& -" 4"-65 . DBOUPOFS å 4"#"%&-- N N QBUJ å $"3.& N BTFP å 13*. "4&04 N å "-'0/4 9** N å 1307*%&/$*" .FSDBU 5PSOFS N QMBOUB N TPUFSSBOJ BNC NPOUBDBSSFHFT å 4*453&--4 &TUSFMMB N å --03&%" N å #6'"-" #BJMFO N å .0/5*("-" $ .JMË N N BMUFMM HVBM CBOZ å +0"/ 7"-&3" N å 304&--" 53"45&3 N å

1 - " $ & 4 % & 1" 3 , * / ( 1-"/" å (6*'3² $059& (3"/ å

-0$"-4 &/ 7&/%" 7*" "6(645" 0'*$*/&4 1-"/5" Á/*$" MBWBCPT BNC EJTUSJCVDJPOT UFSSBTTB QPTT EF FEJGJDBS å #0/"7*45" 3PT J (àFMM N å 0'*$*/" "- $045"5 "+6/5".&/5 #%/ N CBOZ J UFSSBTTB å 7*" +6-*" -0$"- N å -0$"- "-'0/4 9*** å

1*404 * $"4&4 &/ 7&/%" '30/5 ."3*5*. N IBC CBOZT DVJOB NFOK QL B D N UTTB 1, USBTUFS å 1&1 7&/563" (BMJMFP N IBC TVJUF CBOZT IJESPNBTTBUHF DVJOB PGGJDF UFSSBTTB DBMFGBDDJØ BTDFOTPS WFÕOT å $"4" ."4/06 IBC DVJOB QL DPUYFT USBTUFS CBSCBDPB [POB DFOUSJDB J USBORVJM MB å %Á1-&9 IBC CBOZT DVJOB TBGBSFJH NFOKBEPS CBMDPOT å 130(3&4 &EVBSE .BSJTUBOZ IBC CBOZT DVJOB NFOKBEPS UFSSBTTB QL HSBO /06 MMPHBU DPOUSBDUF BOZT å 5&*® IBC CBOZT DVJOB TBGBSFJH NFOKBEPS UFSSBTTB QFS SFGPSNBS å ;0/" 130(3µ4 /07" $0/4536$$*» IBC BSNBSJT FODBTUBUT CBOZT DVJOB TBGBSFJH NFOKBEPS N BNQMJFT UFSSBTTFT QL USBTUFS N DMJNBUJU[BU å $&/53& $BSSFS -MFP IBC DVJOB CBOZ NFOKBEPS QBUJ QFS SFGPSNBS å "64*"4 ."3$) IBC DVJOB TBGBSFJH CBOZ NFOK UPU SFGPS BNC BSNBSJT FODBTUBUT å

XXX TBMWBUBTTFTTPST DPN

"7%" 4"/5 *(/"4* %& -0*0-" #"%"-0/"

727 %DGDORQD

QBH JOEE

OD OODU

NC NNCT

GHFRUDFLÓ FRQVHOOV PRELOLDUL 5HIRUPHV MDUGLQHULD

-B DPMtMFDDJØ EF NPCMFT NPEFSOT EF +FTTF *UËMJB

-MBS t -B DPMtMFDDJØ EF NPCMFT NPEFSOT +FTTF E *UËMJB IB USP CBU MB EJSFDDJØ DPSSFDUB FO FM EJTTFOZ EF NPCMFT BDUVBMT FMT ÞMUJNT BOZT J BJYÓ FOT IP DPO m SNFO MFT JNBUHFT EFM SFDFOU 4BMPOF EFM .PCJMF EF .JMBO

$PN FSB E FTQFSBS EF MB NBS DB JUBMJBOB +FTTF T IB QSFTFO UBU BM 4BMØ EFM NPCMF BNC VO DPODFQUF EF MMBS NPEFSOB J BNC FM EJTTFOZ E JOUFSJPST EF UPUFT MFT IBCJUBDJPOT 4J WPMT DPOÒJYFS NÏT E BRVFTUB

6(55$//(5

/$03,67$ (/(&75,&,67$

/] PKX \OZK\KMSYX] K NYWSMSVS NO \OSbO] NO PO\\Y ZY\^O] PY\TK ZKXc] O^M

t 4&37&* %0.µ45*$ t 4&37&*4 104"%" " 16/5 t /&5&(&4 %& 90$ t 4&-&$$*» %& 1&340/"-

3$/(7$ /$03,67$

3(56,$1$6 - $ 5HSDUDFLyQ LQVWDODFLyQ \ PRWRUL]DFLyQ QR FREUDPRV GHVSOD]DPLHQWRV

5HDOL]R WRGR WLSR GH UHIRUPDV &RFLQDV %DxRV 6XHORV 7HFKRV GH SODGXU 3LQWXUD 0XHEOHV GH FRFLQD 3XHUWDV GH LQWHULRU $UPDULRV HPSRWUDGRV (WF 3UHVXSXHVWRV VLQ FRPSURPLVR

7HO 3,1725(6 352)(6,21$/(6

7HO

(/(&7520$57, 6 /

(&21Ð0,&26 \ GH &21),$1=$ $/7$ '(&25$&,Ð1 < 3,1785$ (1 *(1(5$/ 3LVRV HVFDOHUDV ORFDOHV

"%"15".04 -" "/5&/" $0-&$5*7" "- /6&70 4*45&."

2)(57$ 3LQWDPRV VX SLVR SRU ½

7(/

1*/503 130'&4*0/"- &$0/».*$0 )BDF UPEP UJQP EF QJOUVSBT FTUVDBEPT WFOFDJBOPT 1SFTVQVFTUPT TJO DPNQSPNJTP 5&-

.ETEJA DE VESTITS DE COMUNIØ I NÞVIA DE DESCOMPTE

5 % 5

1"-&5" &$6"503*"/0 $0/ &913*&/$*" 4F PGSFDF QBSB UPEP UJQP EF 3&'03."4 'JOFT EF TFNBOB 5&-

QBH JOEE

"W 1SFTJEFOU $PNQBOZT #"%"-0/"

7(/ 0Ó%,/

7(/ L

,QVWDODGRU $XWRUL]DGR

MPF VHUUDOOHU#JPDLO FRP

GJSNB JUBMJBOB QPUT WJTJUBS FM TFV XFC KFTTF JU J EPOBS VO DPQ E VMM B MFT ÞMUJNFT WFSTJP OT JODMPTB MB VOJUBU 3FHPMF J UBNCÏ QPESËT MPDBMJU[BS FMT EJTUSJCVÕEPST NÏT QSPQFST B DBTB OPTUSB

13&4616&450 4*/ $0.130.*40

PAGAMENT PER ANTICIPAT

5FM -JT[U Z $PMM J 1VKPM #"%"-0/"

# -ESTRE ,LUIS -ILLET #ANT 0RESIDENT #OMPANYS "ADALONA # 3ORTIDA "ADALONA .ORD -OLLET 4EL E MAIL TINTORERIA CONRERIA GMAIL COM

727 %DGDORQD

-MBS t 4BCFS JMtMVNJOBS BNC MMVN BHSBEBCMF QFSÛ Fm DBÎ J TBCFS PO VCJDBS MB EFUFSNJOB SË M BNCJFOU EFM KBSEÓ EVSBOU MB OJU 6T QSPQPTFN BMHVOFT PQ DJPOT GVODJPOBMT J EJWFSUJEFT QFS B BDPOTFHVJS IP

&GUGODWUUQU $WKFCVIG FG RQWU #PWN NCEKÎ FG HQUUGU K OCNGU QNQTU

t &TGFSFT EF MMVN &T USBDUB E FTGFSFT EF QMËT UJD E BMUB EFOTJUBU E BRVFTUB GPSNB BHVBOUFO DPOEJDJPOT DMJNBUPMÛHJRVFT BEWFSTFT 6OB PQDJØ NPMU EJWFSUJEB ÏT GFS TFSWJS CPNCFUFT EF DPMPST &YJTUFJYFO EJWFSTPT EJËNFUSFT QFS GFS MFT TFSWJS FO FTQBJT EF EJGFSFOUT EJNFOTJPOT J UBNCÏ UFOJV NJUHFT FTGFSFT RVF TJNVMFO FTUBS TPUFSSBEFT B MB UFSSB -FT NÏT HSBOT VT TFSWFJYFO QFS QSPKFDUBS JNB UHFT EF NBOFSB RVF GFV EF RVBMTFWPM WFUMMBEB VO NPNFOU FOUSBOZBCMF &YJTUFJYFO NPM UFT NJEFT J QSFVT

4GRCTCEKÎ K OKNNQTC FGN ENCXGIWGTCO

63(µ/$*&4 'PSB EhIPSBSJ -BCPSBM J 'FTUJVT

$BMJG FNQSFTBSJBM OÞN

$ 1SPHSFT /BWF *OEVTUSJBM #"%"-0/"

t &TQFMNFT EVSBEPSFT &O UFOJV BN C VOB ËN Q MJB HBNNB EF DPMPST 4ØO EF DPNCVTUJØ MFOUB J EVSFO NPMU NÏT RVF VOB FTQFMNB DPO WFODJPOBM -FT QFUJUFT EVSFO VOFT IPSFT J MFT HSBOT UBNCÏ FYJTUFJYFO PQ DJPOT JOUFSNÒEJFT )FV EF UFOJS FO DPNQUF RVF MB CSJTB GBSË BVHNFOUBS MB WFMPDJUBU EF DPOTVN

$ %SBD 5FOEB #BEBMPOB 5FM t JOGP!OPNFTQBSLFU DPN t XXX OPNFTQBSLFU DPN

7&/%" * */45"-r-"$*» %& 1"326&54 QFS /P UBORVFNT WBDBODF

&9104*$*» %& 1"326&54 t 1BSRVFUT 'MPUBOU t .BOUFOJNFOU *OTUBMrMBDJPOT t 3FTUBVSBDJØ t 5BSJNFT JOU FYU

727 %DGDORQD

QBH JOEE

OD OODU

-MVN QFS BM KBSEÓ

t -MVNT RVF TVSFO "RVFTUFT FTQFMNFT BNC GPS NB EF OFOÞGBS TVSFO J QPEFV DPM t MPDBS MFT B MB QJTDJOB M FTUBOZ P FO VO SFDJQJFOU QMF E BJHVB

OD OODU

-MBS t &ODBSB RVF TFNCMJ JN QPTTJCMF ÏT QPU GFS VO KBSEÓ TPCSF MB DPCFSUB E VO FEJm DJ 6OB GPSNB EF DPMtMPDBS FM KBSEÓ B MFT DPCFSUFT ÏT TJUVBS MPT TPCSF FMT QJMBST EF M FEJm DJ QFS OP QPTBS FO QFSJMM M FTUBCJMJUBU EF M FEJm DJ 1F S F W J U B S M F T G J M U S B D J P O T E BJHVB J EBOZT DBVTBUT QFS MFT BSSFMT T IB E JNQFSNFBCJMJU[BS MB DPCFSUB EF M FEJm DJ &MT NB UFSJBMT NÏT VTBUT TØO M BTGBMU P MB UFMB BTGËMUJDB FODBSB RVF BDUVBMNFOU UBNCÏ T VUJMJU[B FM 17$ "RVFTUFT MËNJOFT FT DPMtMPRVFO TPCSF MB DPCFSUB J FT DPCSFJY BNC VO NPSUFS EF NN DJNFOU TPSSB &M NPSUFS T IB EF QJOUBS QFS FWJ UBS RVF T BSSPTTFHVJ MB DBMÎ " DPOUJOVBDJØ T IB EF DPMtMPDBS FM ESFOBUHF 4 VUJMJU[B UFSSB WFHFUBM NJ MMPSBEB UPSCB FTDPSÎB EF QJ NBUFSJBMT PSHËOJDT BNC QFSMJUB WFSNJDVMJUB QPMJFTUJSÒ FYQBOEJU P m OT J UPU CBSSFKB EF EJWFSTPT TVCTUSBUT

+BSEJOT EBNVOU E FEJm DJT 1FS DBMDVMBS FM SFH OFDFT TBSJ T IBO EF UFOJS EBEFT EF M FWBQPUSBOTQJSBDJØ EF MB [P OB &MT TJTUFNFT EF SFD VUJ MJU[BUT QPEFO TFS TVCUFSSBOJT J CFO DPOUSPMBUT -FT CPRVFT EF SFH T IBO EF DPMtMPDBS B OP NÏT EF NFUSFT -FT FTQÒDJFT RVF T VUJMJU[JO

.VFCMFT DPDJOB Z CB×P

IBO EF TFS EF DBSËDUFS SÞTUJD J RVF SFRVFSFJYJO QPD NBO UFOJNFOU T IJ QPEFO QPTBS QMBOUFT BOVBMT CJBOVBMT USF QBEPSFT DPOÓGFSFT BSCVTUPT J BSCSFT CFHÛOJFT QFUÞOJFT TËMWJFT HFTBNJOT SPTFST USF QBEPST DBNÒMJFT KBQÛOJRVFT MBOUBOFT

XXX PCSBEFDPS DPN

$ (VJGSÏ 5FM #"%"-0/"

$ *SMBOEB 5FM #"3$&-0/"

1VFSUBT JOUFSJPSFT .ÈSNPMFT B[VMFKPT TBOJUBSJPT FUD 'JOBODJBDJØO IBTUB B×PT

#3*$0*/4" 4 -

'&33&5&3*"

"*3& "$0/%*$*0/"%0 %&4%& å 'S

"$*» */45"- - "56*5" (3

NFTFT TJO JOUFSFTFT

'6+*546 r 1"/"40/*$ r -(

'FSSFUFSJB &MFDUSJDJUBU #SJDPMBUHF +BSEJOFSJB &MFDUSPEPNÒTUJDT .FOBUHF $ 'SBODFTD -BZSFU 5FM #%/ r $ 9JMF 5FM #%/

QBH JOEE

727 %DGDORQD

-01&;

Z QÈH

(­JNBG:L => <HL>K

3&'03."4 &/ (&/&3"#-*/%"%"4 r */5&3*03&4 "-5*--04 r .63"-&4

OD OODU

IPZ QSFP EPT QMB[PT N P `$PVN D O FMP F

$0$*/"4 r #"º04 1"326&5 r "-6.*/*0 .6&#-&4 " .&%*%" #BMEPNFS 4PMË #BEBMPOB 5FM 'BY

9(17$ < 5(3$5$&,Ï1 5(&2*,'$ $ '20,&,/,2

$0#&35&4 * '"±"/&4 4 - | | | | #NHQPUQ :++ | $#&#.10# 6GN | XFC YYY EQ[HG EQO | F NBJM EQ[HG"EQ[HG EQO |

6GTTC\CU [ EWDKGTVCU 4GJCDKNKVCEKÎP FG HCEJCFCU 4GJCDKNKVCEKÎP FG GFKſ EKQU CNWOKPQUQU 6CDKSWGU RNWXKCNCGU 2CVKQU FG NWEGU $CLCPVGU &GUCI×GU

$YG -XDQ 9DOHUD % /$ 6$/8' %$'$/21$ 7HO

'0($)$* c 1 HKK>=>K: c ;BL:@K:=H c - + M´KFB<H c *L<BEH;:MB>GM> c ":E>K¸:L c E:K:;HR:L c (:FI:K:L /*' *.

NMHF:MBLFHL I:K: c HKK>=>KH F:KBGH MHE=HL R I>KLB:G:L c $GOBLB;E>L c 1>KMB<:E>L c />EHG>L c + -><MH c >G:=HK>L

N:EJNB>K =N=: <HGLÃEM>GHL R E> =:K>FHL E: LHEN<B½G

+ -.$ ) . c +1 c ENFBGBH c .>@NKB=:= c (:EEHKJNBG: c :EE>LM:

F:BE MHE=HLFH;>E!AHMF:BE <HF

/>E /:EE>K +>K> (:KM>EE ;CHL QIHLB<B½G +HF:K :BQ :=:EHG:

727 %DGDORQD

QBH JOEE

OD OODU

.PCMBS VO BQBSUBNFOU

-MBS t .PMUFT WFHBEFT IFV QFOTBU B JOEFQFOEJU[BS WPT J DPN EFDPSBS MB WPTUSB MMBS QFSÛ VO DPQ KB UFOJV FM WPTUSF BQBSUBNFOU VT RVFEFV TFOTF JEFFT J B NÏT DPNQUFV BNC VO QSFTTVQPTU SFEVÕU 1FSÛ IJ IB BMHVOT USVDT RVF QPEFV QPTBS FO QSËDUJDB QFS BKVEBS WPT B QSFOESF EFDJTJPOT TPCSF MB NJMMPS GPSNB E PSHBOJU[BS IP UPU J RVF M FTQBJ CVJU OP VT FOHPJYJ 6OB CPOB GPSNB E PNQMJS VO FTQBJ CVJU TFOTF JOWFSUJS IJ HBJ SFT EJOFST TØO MFT QMBOUFT 4J KB TBCFV PO DPMtMPDBSFV FMT NPCMFT P TJ FO UFOJV NPMU QP RVFUT QPEFV DPMtMPDBS B DBTB BMHVOFT QMBOUFT E JOUFSJPS 5BNCÏ QPEFV EFDPSBS MB DBTB BNC UPUFT BRVFMMFT DPTFT NB UFSJBMT QFS MFT RVBMT TFOUJV VOB FTUJNB FTQFDJBM SFDPSET EF WJBUHFT BMHVO SFHBM FUD &M CBOZ QSPDVSFV RVF UJOHVJ FMT FMFNFOUT KVTUPT QFSÛ PQUFV QFS BDDFTTPSJT QSËDUJDT EF GËDJM OFUFKB RVF DPNCJOJO BNC FMT DPMPST QSFEPNJOBOUT FO SBKPMFT J TBOJUBSJT ²T DPOWFOJFOU RVF EJTQPTFV E VO BSNBSJ QFUJU PO HVBSEBS FMT PCKFDUFT E IJHJFOF QFSTPOBM GPSB EF MB WJTUB 4J DPNQUFV BNC VOB DVJOB BNFSJDBOB DPMtMPRVFV M FRVJQ EF NÞTJDB B MB TBMB BJYÓ QPESFV FTDPMUBS MB TFNQSF RVF WVM HVFV J QPESFV EPOBS VO UPD EF GPOT NPMU BHSBEBCMF B M BNCJFOU EVSBOU VO TPQBS FOUSF BNJDT " M IPSB E BERVJSJS VO TPGË PQ UFV QFS VO EF DPOWFSUJCMF FO MMJU E BRVFTUB NBOFSB TFNQSF DPNQUBSFV BNC VO MMJU FYUSB FO DBT EF OFDFTTJUBU

QBH JOEE

.BUFSJBMT QFS B MB DPOTUSVDDJØ

+0"/ $"/"-4 "OUPOJP #PUFZ r # " % " - 0 / " *OTUBMBDJPOFT Z 3FQBSBDJPOFT "HVB HBT Z &MFDUSJDJEBE .BUFSJBM &MÏDUSJDP t 'POUBOFSÓB t (SJGFSÓB t 5VCFSÓB 1MÈTUJDP t #SJDPMBKF t "[VMFKPT t 1BWJNFOUPT t $FNFOUPT t 1JOUVSBT t 0CSB FO HFOFSBM

5BODBNFOUT 'JOTBS %*453*#6*%03 0'*$*"-

t "¸--".&/5 5µ3.*$ t "¸--".&/5 "$Á45*$ t 4&(63&5"5

SFT F U J TRV F .P EU

t &45"-7* $ 4BOU #SÞ #"%"-0/" 5FM MBSSBO[!IPUNBJM FT

-*.1*&;"4 */% #"%"-0/" +0&7564+#.'5 ; 2#46+%7.#4'5 &'5#6#5%15 &' 67$'4 #5 21<15 (15#5 5 26+%#5 ' +070&#%+10'5

$FSWBOUFT #"%"-0/"

6SHFODJBT MBT IPSBT JODMVTP 'FTUJWPT 5FM

Z 'BY /0 5*3& 46 %*/&30 $0/4Á-5&/04

727 %DGDORQD

5HSDUDFLyQ GH ODYDGRUDV IULJRULÀ FRV FDOHQWDGRUHV FRFLQDV KRUQRV HQFLPHUDV HWF ,QVWDODFLRQHV GH $LUH $FRQGLFLRQDGR $YGD 0DUWL 3XMRO %DGDORQD

7HO

*/45"-"$*»/ : 3&1"3"$*»/ %& "/5&/"4 57 : 1035&304 "650.«5*$04 -" $"-*%"% %&- 130'&4*0/"-

$ (VJGSÏ #BEBMPOB 5FM Z 'BY

-B QSJNFSB CPUJHB EF #BEBMPOB FTQFDJBMJU[BEB %FUBMMT QFS $BTBNFOUT CBUFKPT DPNVOJPOT BOJWFSTBSJT JOBVHVSBDJPOT EF CPUJHVFT FUD

7&/%&4 "- ."+03 * %&5"- '"#3*$"$*» 13¾1*"

OU FOUB DJ 1SFT TU BOVO O V F BRV UJOESFV UF PC EF E

-MBS t 'VOEFT QFS B DBEJSFT 2VBO T FODBSSFHB VOB GVOEB QFS B VOB DBEJSB DBM QFOTBS FO M BDBCBNFOU RVF TF MJ EPOBSË B MB QBSU QPTUFSJPS RVF ÏT FM RVF NÏT FT WFV "RVFTUFT GVOEFT FT WFOFO KB DPOGFDDJPOBEFT QFS B DBEJSFT FTUËOEBSE P TF MFT GB B NJEB

5".#² %*4104&. %& 505 5*164 &/ 1BSUJDJQBDJPOT EF OPDFT &TUBNQFT EF DPNVOJØ 5BSHFUFSJB

$ 1SPWJEÒODJB 1M 1FQ 7FOUVSB BM DPTUBU .FSDBU 5PSOFS

5FM J 'BY #BEBMPOB

&M TFDSFU FTUË KVTUBNFOU FO FMT QFUJUT EFUBMMT &MT QMFHBNFOUT QFS FYFNQMF TØO VO PSOB NFOU BUSBDUJV J TFOTF NPMUFT DPNQMJDBDJPOT &M QMFHBNFOU EFTUBDB FODBSB NÏT TJ FM TFV JOUFSJPS FT DPOGFDDJPOB BNC VOB UFMB E VO DPMPS DPOUSBT UBU P TJ FT EFDPSB BNC VOT CPUPOT GPMSBUT P FO VO BMUSF DPMPS 6OB MMBÎBEB WJTUPTB ÏT VOB BMUSB BMUFSOBUJWB TFO[JMMB RVF WFTUFJY NPMU MB DBEJSB

(V XQ VHUYHL GLULJLW D SHUVRQHV JUDQV DXWzQRPHV DPE XQ WUDFWH DFROOLGRU L IDPLOLDU 64 0'&3*.

(VWDGHV SHUPDQHQWV (VWDGHV WHPSRUDOV &DSV GH VHWPDQD 'LHV L KRUHV FRQYLQJXGHV

727 %DGDORQD

QBH JOEE

SFTTBUT 4J FTUBO JOUFJBOB TPN B 5

XXX DPNBDBTBUJBOB DPN

5FM

2VBESFT OBUVSBMT 1FS GFS RVBESFT QFS B MB DVJOB FT OFDFTTJUB VO NBSD BNC EPCMF GPOEËSJB UJQVT WJUSJOB BNC VOB CBTF EF DBSUPMJOB QFS BOBS FODPMBOU QSPEVDUFT OBUVSBMT DBOZFMMB FO CSBO DB DMBVT E FTQÒDJF MMFHVNT CJUYPT TFDT PVT EF HVBUMMB QBTUB

"MHVOT QSPEVDUFT DPN FMT PVT OFDFTTJUFO VOB NJDB EF QSFQBSBDJØ QSÒWJB 1FSRVÒ OP FT GBDJO NBMCÏ BCBOT DBM CVJEBS MPT QVOYBOU MPT QFS EBMU J QFS CBJY BNC VOB BHVMMB EF DBQ J CVGBOU QFS VO EFMT GPSBUT QFSRVÒ TVSUJ MB DMBSB J FM SPWFMM

QSFHVOUBS QFS /ÞSJB 1MBDFT MJNJUBEFT

OD OODU

%VFT JEFFT NPMU PSJHJOBMT

WHQGÈQFLHV

VGPFÇPEKGU &RPHUÇ SURSHU HO FRPHUÇ GH FDVD

#PO OJWFMM EF WFOEFT FO FM QSJNFS EJVNFOHF EF SFCBJYFT 5FOEÒODJFT t &MT DPNFSDJBOUT IBO RVBMJm DBU EF iCPw FM OJWFMM EF WFOEFT J E BGMVÒODJB EF DPNQSBEPST B MFT CPUJHVFT FO FM QSJNFS EJVNFOHF EF SF CBJYFT TFHPOT RVF IB BT TFOZBMBU B &'& FM TFDSFUBSJ HFOFSBM EF MB $POGFEFSBDJØ &TQBOZPMB EF $PNFSÎ $&

.JHVFM «OHFM 'SBJMF 6O UPUBM EF CPUJHVFT IBO PCFSU MFT TFWFT QPSUFT BWVJ B $BUB MVOZB GFU RVF TVQPTB FM QFS DFOU EFM UPUBM EF DPNFSÎPT RVF FTUBO EF SFCBJYFT EFT EFM EJB EF KVMJPM QBTTBU i²T IBCJUVBM RVF PCSJO QP RVFT CPUJHVFT FO MFT SFCBJYFT E FTUJV QFSRVÒ ÏT VO QFSÓPEF FO FM RVBM MB HFOU UÏ UFNQT EF

TJUJWBNFOU QFSRVÒ iNPMUB HFOU T IB FTQFSBU RVF BSSJCFTTJO FMT EFTDPNQUFT QFS DPNQSBSw "JYÛ OP PCTUBOU FM TFDSFUBSJ HFOFSBM EF MB $& IB BVHVSBU RVF iMB GBDUVSBDJØ GJOBM TFSË TFNCMBOU B MB M BOZ QBTTBU QFSRVÒ FMT DPNFSÎPT FTUBO GFOU SFCBJYFT NÏT GPSUFT EFT EFM QSJNFS EJBw

DPNQSBS FOUSF TFUNBOB KB RVF NPMUFT QFSTPOFT UFOFO KPSOB EB SFEVÕEB J FM DBQ EF TFUNB OB QSFGFSFJYFO BOBS TF O B MB QMBUKB w IB EJU 'SBJMF RVF IB BTTFHVSBU RVF FMT DPNFSÎPT RVF IBO PCFSU iIBO FTUBU QPDT QFSÛ FMT IB BOBU CÏw 4FHPOT MB TFWB PQJOJØ MB DSJTJ FTUË BGFDUBOU MFT SFCBJYFT QP

T J O P

/BUBMJB 5PTDBOP $&/53& %h&45µ5*$" 3PHFS EF 'MPS #"%"-0/" 5FM

U h B O V O D J F T D P N WP M T

&MJNJOB HSBTB DFMVMJUJT Z SFBGJSNB DPO -*10."44"(& MB UFDOPMPHÓB FYDMVTJWB EF -1(

/07&%"% 3BEJPGSFDVFODJB

RV VQXWHUHVHV P D L L F

Q )LQDLHQWR VLQ W D U W DP

QBH JOEE

R V F FU

5FDOPMPHÓB BOUJGMBDJEF[ DPSQPSBM Z GBDJBM

U SP C JO

7&/5" %& 130%6$504

727 %DGDORQD

&RPHUÃ&#x2021; SURSHU HO FRPHUÃ&#x2021; GH FDVD

O DSDUDGRU

N CRCTCFQT 5FOEFODJBT EF EFDPSBDJÃ&#x2DC;O

&M OVFWP FTDBQBSBUF RVF PT QSFTFOUB MB UJFOEB "[BIBS FTUB DPNQVFTUP QPS VO NVFCMF DPMPOJBM NVZ DBMJEP EF NBEFSB NBDJ[B Z DPO MB DBSBDUFSJTUJDB EF RVF FTUB IFDIP B NBOP TV GPSNB FT UJQP FTDBMFSB RVF

QVFEF TFS FO EPT TFOUJEPT J[RVJFSEB P EFSFDIB &M NVFCMF FTDBMFSB FTUB BEPS OBEP FO UPOPT SPKPT DPO VOB FYQFDUBDVMBS MBNQBSB FO GPS NB EF TPM UBNCJFO BSUFTBOBM Z DVFODP DPQBT Z EJTUJOUBT MBNQBSBT EF DSJTUBM ZB PWBMBEB P FO CPMB EF DSJTJUBM FO UPOPT SPKPT $PNP OPWFEBE IFNPT USBJEP VOPT DFOUSPT EF NFTBT FYQFD UBDVMBSFT TPO EF NBEFSB QFSP DPO GPSNB NVZ USBCBKBEBT FO UPOPT OBSBOKBT SPKPT NBSSP OFT Z DPNCJOBDJPO FO QMBUB UFOFJT B KVFHP FM QPSUBWFMBT FM QPSUBGPUPT FM SFMPK EF TPCSFNF TB Z FM SFMPK EF QBSFE 5BNCJFO UFOFJT FO FM NJTNP VOB CPOJUB GVFOUF EF BHVB EF VO NFUSP EF BMUVSB FO GPSNB EF CPOTBJ QPS MB RVF DJSDVMB FM BHVB EF BSSJCB B BCBKP QPS EF MBOUF Z QPS EFUSBT EF MB NJTNB OP PT EFKBSB JOEJGFSFOUFT -BT QBSFEFT FTUBO BEPSOBEBT

DPO DVBESPT EF m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

XXX B[BIBSJOEJB DPN

KPCWIWTCFC PQXC DQVKIC DGF U C DCFCNQPC

4J EÃ&#x2DC;OFT JNQPSUÃ&#x2039;ODJB BM UFV CFOFTUBS J RVBMJUBU EF WJEB QSPWBSÃ&#x2039;T FM UFV FRVJQ EF EFT DBOT B CFEhT PO USPCBSÃ&#x2039;T FM UFV NBUBMÃ&#x2039;T MB UFWB CBTF FM UFV DPJYÃ&#x201C; MB UFWB SPCB EF MMJU J VOB BNQMJB HBNNB EF TFSWFJT B MB UFWB NJEB &OT USPCBSFV B BWEB "MGPOT 9*** #BEBMPOB 727 %DGDORQD

QBH JOEE

PHGLFLQD

OGFKEKPC

IDUPÁFLHV GH WRUQ FRQVHOOV PHWJHV VDOXW

3FDPNBOBDJPOT QSFWFOUJWFT EBWBOU MFT POBEFT EF DBMPS 4BMVU t %BWBOU EF MFT QPTTJCMFT POBEFT EF DBMPS FMT TFSWFJT EF 4BMVU FTUBO SFGPSÎBOU MFT BD DJPOT QMBOJm DBEFT B M ËNCJU EF M BUFODJØ QSJNËSJB EF TBMVU UBOU B EPNJDJMJ DPN BNCVMBUÛSJFT QFS B MFT QFSTPOFT NÏT GSËHJMT TFHPOT FM DFOT &MT TFSWFJT UFMFGÛOJDT 4BOJUBU 3FTQPO FTUBO GBDJMJUBOU JOGPSNB DJØ J DPOTFMMT B MB QPCMBDJØ RVF IP TPMtMJDJUJ J FT DPPSEJOB BNC FMT TFSWFJT BTTJTUFODJBMT FO DBT EF EFUFDDJØ EF QFSTPOFT WVMOF SBCMFT BNC QSPCMFNËUJRVFT FT QFDÓm RVFT NÒEJRVFT NBMBMUJFT DSÛOJRVFT USBDUBNFOUT FUD J TPDJBMT HFOU HSBO RVF WJV TP MB DPOEJDJPOT EF QSFDBSJFUBU FUD

$POTFMMT EBWBOU E VOB POBEB EF DBMPS " DBTB DPOUSPMFV MB UFNQFSBUVSB t %VSBOU MFT IPSFT EF TPM UBORVFV MFT QFSTJBOFT EF MFT m OFTUSFT PO UPDB

QBH JOEE

t 0CSJV MFT m OFTUSFT EF DBTB EVSBOU MB OJU QFS SFGSFTDBS MB t &TUJHVFV WPT B MFT FTUBODFT NÏT GSFTRVFT t 6UJMJU[FV BMHVO UJQVT EF DMJNBUJU[BDJØ QFS SFGSFTDBS WPT J SFGSFTDBS M BNCJFOU WFOUJMBEPST BJSF DPOEJDJPOBU WFOUBMMT FUD

t 3FGSFTRVFV WPT TPWJOU BNC EVUYFT UPWBMMPMFT BNBSBEFT E BJHVB FUD

"M DBSSFS FWJUFV FM TPM EJSFDUF t 1PSUFV VOB HPSSB P VO CBSSFU t 6UJMJU[FV SPCB MMFVHFSB DPN MB EF DPUØ EF DPMPST DMBST J RVF OP TJHVJ BKVTUBEB t 1SPDVSFV DBNJOBS QFS M PNCSB FTUBS TPUB VO QBSB TPM RVBO TJHVFV B MB QMBUKB J EFTDBOTFV FO MMPDT GSFTDPT EFM DBSSFS P FO FTQBJT UBODBUT RVF FTUJHVJO DMJNBUJU[BUT t 1PSUFV BJHVB J CFWFV OF TPWJOU t .VMMFV WPT VOB NJDB MB DBSB J m OT J UPU MB SPCB

t 7JHJMFV FO FMT USBKFDUFT BNC DPUYF EVSBOU MFT IPSFT EF NÏT TPM J OP IJ EFJYFV FMT JOGBOUT BNC MFT m OFTUSFT UBODBEFT -JNJUFV M BDUJWJUBU GÓTJDB B MFT IPSFT EF NÏT DBMPS t &WJUFV TPSUJS B MFT IPSFT EFM NJHEJB RVF ÏT RVBO GB NÏT DBMPS t 3FEVÕV MFT BDUJWJUBUT JOUFOTFT #FWFV GPSÎB J WJHJMFV M BMJNFOUBDJØ t #FWFV BJHVB J TVDT EF GSVJUB UBOU DPN QVHVFV m OT J UPU TFOTF UFOJS TFU t /P QSFOFV CFHVEFT BMDPIÛMJRVFT t &WJUFV FMT NFOKBST NPMU DBMFOUT J FMT RVF BQPSUFO NPMUFT DBMPSJFT "KVEFV FMT BMUSFT 4J DPOFJYFV HFOU HSBO P NBMBMUB RVF WJV TPMB QSPDVSFV EF WJTJUBS MPT VO DPQ FM EJB J BKVEFV MPT B TFHVJS BRVFTUT DPOTFMMT

727 %DGDORQD

IDUPÁFLHV

0/&4 %& 90$

JXÁUGLD GLÛUQD

J C J

PHGLFLQD

40-r-6$*» %&'*/*5*7" 1&3 " -&4 1"50-0(*&4 $3¾/*26&4 ".#

&KUUCDVG FG LWNKQN "(6*-"3 'SBODFTD -BZSFU #0*9 "W $BUBMVOZB $0/%0/ 1UHF 3JV 5FS '&33& $-"1&4 "W .BSUÓ 1VKPM (": "W .BSUJ 1VKPM (0/;"-&; +*. $BOPOHF #BSBOFSB 16$)0- $USB "OUJHB EF 7BMÒODJB 4&3&/5*-- .BS 7*":/" "W 1SFTJEFOU $PNQBOZT 7*7&4 +PBO 7BMFSB $BOU ®GSJDB

5FOEJOJUJT IPNCSP DBMDJGJDBDJPOT CVSTJUJT FQJDPOEJMJUJT USPDBOUFSJUJT 'BTDJUJT QMBOUBS FTQPMPOT DBMDBOJT &WJUB JOGJMUSBDJPOT J JOUFSWFODJPOT RVJSÞSHJRVFT .ÒUPEF FGFDUJV FO TFTTJPOT &GFDUJV FO FM EFMT DBTPT

$ 4 B OU # SV #" * 90 4

%SB . $"3.& 1"3²4 )0.&01"5*"

&KWOGPIG FG LWNKQN "(6*-"3 'SBODFTD -BZSFU #0*9 "W $BUBMVOZB $0/%0/ 1UHF 3JV 5FS '&33& $-"1&4 "W .BSUÓ 1VKPM 16$)0- $USB "OUJHB EF 7BMÒODJB 7*":/" "W 1SFTJEFOU $PNQBOZT

r )PNFPQBUJB QFS BEVMUT J OFOT r #JPFOFSHÒUJDB 5SBDUBNFOU EFM EPMPS BOTJFUBU EFQSFTTJØ r 5FSËQJB QFS EFJYBS EF GVNBS BNC MËTFS BEJDDJPOT r 5SBDUBNFOU EFM TPCSFQFT QFS CJPFTUJNVMBDJØ

&GN &KNNWPU FG LWNKQN CN &KXGPFTGU FG LWNKQN

7*4*5&4 $0/$&35"%&4

"(6*-"3 'SBODFTD -BZSFU #0*9 "W $BUBMVOZB $0/%0/ 1UHF 3JV 5FS '&33& $-"1&4 "W .BSUÓ 1VKPM (": "W .BSUJ 1VKPM (0/;"-&; +*. $BOPOHF #BSBOFSB 16$)0- $USB "OUJHB EF 7BMÒODJB 4&3&/5*-- .BS 7*":/" "W 1SFTJEFOU $PNQBOZT 7*7&4 +PBO 7BMFSB $BOU ®GSJDB

7ÓB "VHVTUB #BEBMPOB

$BSUB BCJFSUB EFM %S 'BCSB B TVT BNJHPT Z QBDJFOUFT 2VFSJEPT BNJHPT Z QBDJFOUFT 4JFNQSF IF UFOJEP NVZ DMBSB MB JEFB EF KVCJMBSNF FO CVFOB GPSNB GÓTJDB Z NFOUBM Z EFCP DPOGFTBS RVF DVBOEP MMFHB FM NPNFOUP FT VO QBTP EJGÓDJM EF EBS $SFP RVF IF TBCJEP DVNQMJS DPO FTUF TFOUJ NJFOUP QPS MP RVF FM QSØYJNP EÓB EF KVMJP DFTP UPUBMNFOUF NJ BDUJWJEBE QSPGFTJPOBM 1BSB NJ IB TJEP VO IPOPS Z NPUJWP EF ÓOUJNB TBUJTGBDDJØO FM DPOUBS DPO MB DPOGJBO[B FO NJ RVFIBDFS QSPGFTJPOBM DPO MB RVF TJFNQSF NF IBCÏJT EJTUJOHVJEP %F IFDIP DPO MB HSBO NBZPSÓB EF NJT QB DJFOUFT B MP MBSHP EF MPT B×PT TF IB DSFBEP VOB SFMBDJØO IVNBOB EF BNJTUBE Z DBSJ×P %VSBOUF MPT ÞMUJNPT B×PT B NFEJEB RVF NJ JOUFODJØO EF KVCJMBSNF TF BDFSDBCB NF QSFPDVQBCB FM TFOUJNJFOUP EF BCBOEPOBS B NJT BNJHPT Z QBDJFOUFT QFSP BGPSUVOBEBNFOUF FTUPZ DPOWFODJEP EF RVF EFT EF FTUF QVOUP EF WJTUB QVFEP SFUJSBSNF BCTPMVUBNFOUF USBORVJMP ZB RVF TFHVJSÈO NJ MBCPS DPNP PUPSSJOPMBSJOHØMPHP EPT DPNQB×FSPT EFM )PTQJUBM EF 4BOU 1BV EPT EF NJT EJTDÓQVMPT NÈT FTUJNBEPT Z RVF NFKPS IBO BTJNJMBEP NJ GJMPTPGÓB QSPGFTJPOBM " QBSUJS EFM NFT EF TFQUJFNCSF MPT EPDUPSFT $ÏTBS 0SÞT Z +VBO 3B NØO (SBT BTJTUJEPT FO VO JOJDJP QPS NJ FTQPTB FTUBSÈO B WVFTUSB EJTQPTJDJØO FO NJ NJTNP DPOTVMUPSJP Z DPO FM NJTNP OÞNFSP EF UFMÏGPOP 2VJTJFSB UFTUJNPOJBS FO FTUBT CSFWFT MÓOFBT NJ BHSBEFDJNJFOUP DPOTJEFSBDJØO Z FTUJNB B UPEPT NJT BNJHPT Z QBDJFOUFT $PO UPEP FM DBSJ×P

JXÁUGLD QRFWXUQD

J C J FGN FKC UGI×GPV

&KUUCDVG FG LWNKQN #-"4$0 'JHVFSFT 7*":/" "W 1SFTJEFOU $PNQBOZT

&KWOGPIG FG LWNKQN ."3503* 'SBODFTD .BDJË 7*":/" "W 1SFTJEFOU $PNQBOZT

&KNNWPU FG LWNKQN 4"--" 4BMWBEPS 4FHVÓ 7*":/" "W 1SFTJEFOU $PNQBOZT

&KOCTVU FG LWNKQN 4"/4 (VJGSÏ 7*":/" "W 1SFTJEFOU $PNQBOZT

&KOGETGU FG LWNKQN #0'"36-- 4JDJMJB 7*":/" "W 1SFTJEFOU $PNQBOZT

&KLQWU FG LWNKQN #&3/"5 $PORVJTUB 7*":/" "W 1SFTJEFOU $PNQBOZT

&KXGPFTGU FG LWNKQN .0/(6*» 3CMB 4BOU +PBO 7*":/" "W 1SFTJEFOU $PNQBOZT

%S +PTFQ . 'BCSB 727 %DGDORQD

QBH JOEE

PHGLFLQD

'U 5DPyQ 1RYHOO L $OVLQD 6XVDQQD (VWHED L &DVWLOOR 3VLTXLDWULD 3VLFRORJLD L 1HXURSVLFRORJLD

GF T

$QVLHWDW GHSUHVVLy HVTXL ]RIUqQLD WUDVWRUQV GHO VRQ WUDVWRUQV GH OD SHUVRQDOLWDW L GH OD FRQGXFWD $YDOXDFLy 3VLFROzJLFD L 3VLFRWHUDSLD 'HPqQFLHV L WUDVWRUQV PHQWDOV HQ OHV SHUVRQHV G HGDW 5HKD ELOLWDFLy FRJQLWLYD (VWLPXODFLy L 7DOOHUV GH PHPzULD 'LVFDSD FLWDW ,QWHO OHFWXDO

Q V C M JD JU B U B S B R V F

N B J

& )UDQFHVF 3ODQDV L &DVDOV 7HO +RUHV FRQYLQJXGHV

T J O P FU

. %0-034 ."4 %&-#-"/$)

%S 4BOUJBHP #VDBS 5FSSBEFT

5SBOTUPSOPT EFM BQSFOEJ[BKF Z P DPOEVDUB 5%") 5SBOTUPSOPT BGFDUJWPT EF QFSTPOBMJEBE Z BMJNFOUBSJPT

630-0(¶"

5SBOTUPSOPT EF BOTJFEBE FTUSÏT EFQSFTJØO GPCJBT -VEPQBUÓBT Z BEJDDJPOFT TPDJBMFT 1TJDPTJT

14*$»-0(" /J×PT Z BEPMFTDFOUFT

W F V F O

"EVMUPT

OP

/FVSPQTJDPMPHÓB

%FNFODJBT USBOTUPSOPT EFM TVF×P &WBMVBDJØO OFVSPQTJDPMØHJDB SFIBCJMJUBDJØO DPHOJUJWB

& 0DULQD %DGDORQD

FYJTUFJYFT

1TJDPUFSBQJB

'BNJMJBS Z QBSFKB )PSBT DPOWFOJEBT

F EPMPST NBT!HNBJM DPN $ $PMM J 1VKPM S B r #BEBMPOB

5FM

5(6,'Ë1&,$ *(5,­75,&$

)/25,'$'25$'$ 5FM 'BY $"-%&5&4 $BMEFT Eh&TUSBD

%3" 304&3 .&-Á4 * .03&/0 14*26*"53" *OGBOUT +PWFT "EVMUT $ .BSJOB #BEBMPOB 5FM

&.* 304"

5HVLGHQFLD 7HUFHUD (GDG $ +VBO 99*** 5FM 4BOU 'PTU EF $BNQTFOUFMMFT #BSDFMPOB

t 1&/4*»/ $0.1-&5" .&%*" 1&/4*»/ : )03"4 $0/7&/*%"4 t 4&37*$*0 .²%*$0 : ."4"+*45" t 5&33";" : (3"/ +"3%¶/ t 1-";"4 -*.*5"%"4

5(6,'Ë1&,$ *(5,­75,&$

*$8', $FOUSF DPM MBCPSBEPS EF MB (FOFSBMJUBU

& $QWRQL *DXGt SREOH

6$17 )267 '( &$036(17(//(6

7HO

QBH JOEE

$PELHQW IDPLOLDU L WUDQTXLO HQ PLJ GH OD QDWXUD &DVD DPE MDUGt L WHUUDVVHV &XLQD SURSLD

727 %DGDORQD

YHK,FOHV FLUFXODFLÓ QRYHWDWV FRQFHVVLRQDULV

727 PRWRU

616 OQVQT 3FOBVMU 4DÏOJD

.PUPS t -B DBTB 3FOBVMU QSF TFOUB MB UFSDFSB HFOFSBDJØ EF M 4DÏOJD VO WFIJDMF EF DJOD QMB DFT QSPV FTQBJØT RVF QSFTFOUB NPEJm DBDJPOT FO FMT HSVQT ÛQ UJDT J UBNCÏ B MB QBSU QPTUFSJPS BNC VOB FTUÒUJDB NÏT QMBOB &MT FMFNFOUT EF DPOGPSU J EF DPO EVDDJØ CËTJDT JODMPVFO PSEJOB EPS EF WJBUHF EJSFDDJØ BTTJTUJEB FMÒDUSJDB WPMBOU BNC BKVTUBNFO UIPSJU[POUBM J WFSUJDBM BJSF DPO EJDJPOBU TFJFOU EFM DPOEVDUPS BKVTUBCMF FO BMUVSB UBODBNFOU DFOUSBMJU[BU BMÎBWJESFT FMÒDUSJDT EBWBOUFST FOUSF E BMUSFT " NÏT B NÏT PQDJPOBMNFOU FT QPU JODMPVSF VOB QBOUBMMB 5'5 RVF QFSNFU PCUFOJS JOGPSNBDJØ

$&/530 %& 3&$&1$*»/ 7 ' 6

%FTHVBDFT

3&5*3".04 50%" $-"4& %& 7&)¶$6-04 53".*5".04 #"+" 53«'*$0 5FMÏGPOPT

727 %DGDORQD

QBH JOEE

TFT DBOHVS VCJDBEFT FO FMT FT QBUMMFST EFMT TFJFOUT EFM EBWBOU &M WFIJDMF DPNQUB BNC NPUPST B CFO[JOB J EJÒTFM 5PUT FMMT WBO BDPCMBUT B DBJYFT EF DBOWJ NBOVBMT EF TJT SFMBDJPOT USFU EFMQSPQVMTPS B CFO[JOB EF DBWBMMT RVF DPNQUB BNC VO DBOWJ $75 J FM EJÒTFM EF DB WBMMT RVF DPNQUB BNC VO DBOWJ BVUPNËUJD EF TJT NBSYFT &M 3FOBVMU 4DÏOJD DPNQUB EF TÒSJF BNC DJOD DPJYJOT EF TFHV SFUBU B NÏT E BOUJCMPRVFKBNFOU EF GSFOT "#4 BMFSUB E PCMJU EFM DJOUVSØ EF TFHVSFUBU BM EBWBOU J BM EBSSFSB BKVEB B MB GSFOBEB E FNFSHÒODJB 4"'& J EF DPO USPM E FTUBCJMJUBU FOUSF E BMUSFT

TPCSF MB WFMPDJUBU EF DJSDVMBDJØ J BMUSFT DBSBDUFSÓTUJRVFT MB QSFTTJØ EFMT OFVNËUJDT BMFSUB EF QPSUFT PCFSUFT - 4DÏOJD UBNCÏ QPU JODPSQPSBS VOB DËNFSB QPTUFSJPS E BKVEB B M FTUBDJPOBNFOU NPMU ÞUJM QFS B DPOEVDUPST OPWFMMT P QFS B BRVFMMT RVF OP UFOFO HBJSF USBÎB B M IPSB E BQBSDBS "MUSFT FMFNFOUT EJTQPOJCMFT TØO FM DMJNBUJU[BEPS BNC DPO USPM EF UFNQFSBUVSB QFS [POFT J M FRVJQ EF TP BNC #MVFUPPUI J QPSU 64# &M 4DÏOJD DPNQUB B NÏT B NÏT BNC EJWFSTPT FTQBJT QPSUBP CKFDUFT SFQBSUJUT B M JOUFSJPS EF M IBCJUBDMF DPN TØO FMT DBMBJYPT B TPUB EF UPUT FMT TFJFOUT J CPT

&TUBMWJB GJOT B VO FO FMT UFVT SFDBOWJT 7FOEB EF SFDBOWJT J QOFVNËUJDT OPVT J EhPDBTJØ $PNQSB EF WFIJDMFT QFS EFTCBMMBTUBNFOU 4FSWFJ EF HSVB J USBNJUBDJØ EF CBJYB (3"56*5 5FM 'BY XXX FMSFDBOWJ DPN

1HF 3PEØ J 3BNCMB 4BO +VBO #"%"-0/"

727 QLQV

MRJXLQHV Â&#x2021; FRPSUHV Â&#x2021; FRQVHOOV Â&#x2021; MRFV Â&#x2021; QDGRQV

+BGM: +BGM:

WD REHU L FX OD 0 D WU H VF G

DQ\ WRW O

PVUMFU

.0%" */'"/5*$ +PTFQ .Â&#x2039; $VZÃ&#x2039;T J 5PMPTB .POUJHBMÃ&#x2039; #BEBMPOB

DPDDPMJOP

3

5FM " N EFM $BSSFGPVS EF .POUJHBMÃ&#x2039; XXX DPDDPMJOP FT

40.04 '"#3*$"/5&4

/HV 1LQHV

1FS DPNQSFT N KY!UFMFGPOJDB OFU r 1BHBNFOU B MhFOUSFHB EF MB TBNBSSFUB å BGFHJUT QFS FOWJBNFOUT GPSB EF #BEBMPOB .POUHBU J 5JBOB

3HUVRQDOLW]D W &UHDFLy GH VDPDUUHWHV SLQWD

GHV D Pj GLVVHQ\V H[FOXVLXV L ~QLFV (GDWV GH D DQ\V PRGHOV SHU D QHQHV &DGD PRGHO pV GLIHUHQW DPE FRORU L WDOOD 1RPpV KDV GH PLUDU HO PRGHO TXH W DJUDGD PpV L GHPDQDU OD

7DOOD 3UHX ½

QBH JOEE

7DOOD 3UHX ½

7DOOD 3UHX ½

5FOJN EJGFSFOUT NPEFMT J EJGFSFOUT UBMMFT $POTVMUBhOT 4J FUT VOB CPUJHB J WPMT UFOJS MFT OPTUSFT TBNBSSFUFT JOGPSNBhU TFOTF DPNQSPNÃ&#x201C;T

727 %DGDORQD

UHFHSWHV UHVWDXUDQWV SL]]HULHV PHQMDUV SUHSDUDWV

JDVWURQRPLD

ICUVTQPQOKC - PV VO BMJNFOU OVUSJUJV J TBMVEBCMF (BTUSPOPNJB t ²T VO BMJNFOU NPMU OVUSJUJV RVF FT DBSBDUF SJU[B QFS M BMU DPOUJOHVU EF QSP UFÕOFT J MFT QPRVFT DBMPSJFT 5BNCÏ BQPSUB NJOFSBMT DPN FM DBMDJ NBHOFTJ GFSSP TPEJ FOUSF E BMUSFT DPN ËDJE GÛMJD J WJUBNJOFT # " % & FOUSF E BMUSFT RVBMJUBUT 5BO TPMT BQPSUB TFUBOUB DBMPSJFT J QPTTFFJY MB NJ MMPS QSPUFÕOB EF UPUT FMT BMJNFOUT DPN UBNCÏ NPMUFT WJUBNJOFT J NJOFSBMT -B DMBSB FTUË GPSNBEB QFS BJHVB J QSPUFÕOFT -FT QSPUFÕ OFT TØO DBEFOFT E BNJOPËDJET RVF FO FM DBT EF M PV TØO FMT WVJU OFDFTTBSJT QFS B M PSHBOJTNF IVNË $POUÏ B NÏT WJUBNJOFT NJOFSBMT J FMFNFOUT RVF BDUVFO DPOUSB FMT NJDSPPSHBOJTNFT

727 %DGDORQD

QBH JOEE

&M SPWFMM ÏT PSNBU QFS MÓQJET J QSP UFÕOFT ÏT PO IJ IB NÏT RVBOUJUBU EF WJUBNJOFT &M DPMPS EFQÒO EF M BMJNFOUBDJØ EF MB HBMMJOB NÏT P NFOZT CMBU EF NPSP EFUFS NJOBEFT GM PST FUD -B DMBSB BQPSUB DBMPSJFT J FM SPWFMM HSFJYPT FOUSF J H VOJUBU EFMT RVBMT TØO HSFJYPT TBUV SBUT J MB SFTUB OP TBUVSBUT BNC QSFEPNJOJ EFMT NPOPJOTBUVSBUT CPOT QFS B M BTTJNJMBDJØ RVF GB FM DPT &M SPWFMM UBNCÏ DPOUÏ NPMUFT WJUBNJOFT 2VBOU B DB MPSJFT O BQPSUB " CBOEB EF UPU BJYÛ M PV DPOUÏ DBSPUFOPJEFT RVF TØO CFOFm DJPTPT QFS B MB WJTUB &O SFMBDJØ BM DPMFTUFSPM UPU J RVF M PV UÏ VOB BMUB RVBOUJUBU EF DPMFTUFSPM BRVFTU QPU OP BSSJCBS

B BGFDUBS MFT QFSTPOFT TBOFT KB RVF QPTTFFJY VO UBOU QFS DFOU NÏT BMU E ËDJET HSFJYPTPT QPMJJO TBUVSBUT J NPOPJOTBUVSBUT ÏT B EJS NÏT HSFJYPT JOTBUVSBUT RVF TBUVSBUT RVF TØO FMT RVF QSP WPRVFO M BVHNFOU EFM DPMFTUFSPM B MB TBOH .FTVSFT EBWBOU MB DBMPS ²T JNQPSUBOU RVF DPNQSFV FMT PVT FOWBTBUT DPSSFDUBNFOU BNC MFT HBSBOUJFT DPSSFTQPOFOUT DPN BSB QSPDFEÒODJB EBUB EF DBEVDJUBU J FM OÞNFSP EF 4& /"4" $PN B QSFDBVDJØ NBJ OP VUJMJU[FV PVT RVF FTUJHVJO FTRVFSEBUT P BNC MB DMPTDB USFODBEB P CSVUB P KB PCFSUT J EJOT VO SFDJQJFOU

JDVWURQRPLD

4J TPV TFSWJUT &M EJMFNB EF MB GSVJUB 'SBODFTD .VSHBEBT J #BSEJ $BUFESËUJD EF CJPMPHJB QSPGFTTPS EF HBTUSPOPNJB J BVUPS EF EJWFSTPT MMJCSFT EF DVJOB J CJPMPHJB

(BTUSPOPNJB t "NC M BSSJCBEB EF MB GSVJUB FTUJVFODB TF OT QMBOUFKB VO EFMT EJMFNFT HBT USPOÛNJDT NÏT QVOZFOUT EF M FTUJV "OBS DBEB EJB B NFS DBU J DPNQSBS MB GSVJUB KVTUB QFSÛ FO FM TFV QVOU KVTU EF NBEVSFTB QFS QPEFS HBVEJS QMFOBNFOU EFM TFV TBCPS J EPMÎPS P BOBS BM TVQFSNFSDBU EF MB DBOUPOBEB J DPNQSBS GSVJUB ÛCWJBNFOU VO QVOU P EPT WFSEB J EFJYBS RVF NB EVSJ B DBTB &M EJMFNB IBCJUVBMNFOU TPM TFS GBMT /J MB JNNFOTB NB KPSJB EF MB GSVJUB NBEVSB EFM NFSDBU IB FTUBU DPMMJEB FM EJB BCBOT B MB UBSEB OJ MB WFSEB HVBSEBEB B DBTB J FNCPMJDBEB

BNC EJBSJT QFS SFUFOJS M FUJMÒ RVF MB GB NBEVSBS BDBCBSË FTTFOU DPN MB RVF NBEVSB BM BSCSF

FOEPMDJS MB GSVJUB UBMMBEB * MB EF DPVSF MB 6OFT UÒDOJRVFT RVF FODBSB RVF OPNÏT TJ HVJ QFM TVDSF RVF IJ BGFHJN EPOFO NÏT TFOTBDJØ EF NB 1FSÛ DMBS OJ FMT BMCFSDPDT EVSFTB 1FSÛ RVJ FOUSB B MB OJ FMT QSÏTTFDT OJ MFT QSVOFT DVJOB J FT QPTB EBWBOU EFMT UFOFO M PQPSUVOJUBU RVF IBO GPHPOT BNC MB DBMPS RVF FTUË UJOHVU MFT QPNFT J MFT QFSFT DBJFOU 5FOJN FM NJDSPPOFT &TUBS UPU M BOZ QSFTFOUT B NFS QFSÛ FM DFSU ÏT RVF FODBSB OP DBUT J TVQFSNFSDBUT J BJYÓ MJ IFN BDBCBU EF QFSESF MB QPS BOBS OPT BDPTUVNBOU BM HVTU 1FS UBOU VO FTUJV NÏT TFHVJ WFSE J DSVJYFOU 'JOT FM QVOU SFN JOTUBMtMBUT FO FM EJMFNB RVF VOB QPNB EPMÎB KB TF OT 1FS TFS NÏT FYBDUFT FO VO GB FTUSBOZB J HBTUSPOÛNJDB EFMT EJMFNFT EF MB GSVJUB 1FS NFOU JODPSSFDUB RVÒ UPU J IBWFS OPT FYQMJDBU QFS BDUJWB J QFS QBTTJWB RVF MB &MMFT MFT GSVJUFT E FTUJV RVF QFMM ÏT FM MMPD PO T BDVNVMB MB FTNFOUBWB DPOUJOVFO WFOJOU NBKPSJB EF WJUBNJOFT J TVCT RVBO ÏT FM UFNQT * QFS UBOU UËODJFT CFOFm DJPTFT TFHVJN DPOUJOVFO EFTQFSUBOU FO FM FOUFTUBUT FO QFMBS FTDSVQP TVCDPOTDJFOU EFMT RVF KB UF MPTBNFOU MB GSVJUB J QFS UBOU OJN VOB DFSUB FEBU MB OFDFT FO EFJYBS QFS MFT GPSNJHVFT TJUBU EF EPMÎPS EF GSFTDPS EF J MFT NPTRVFT MFT WJUBNJOFT CPO HVTU *OTUBMtMBOU OPT DPN RVF BRVFMMB FOT PGFSFJY /P DBEB FTUJV FO FM EJMFNB N FTUSBOZB RVF B M FTUJV O IJ $FSUBNFOU RVFEB M PQDJØ EF IBHJ UBOUFT

BNBOJEFT r CPUJGBSSFT r QB EF DPDB r WJOT r YBUPOBEB r QBUÏT GPSNBUHFT r DBSOT B MB CSBTB r UBQFT r YBNQBOZFU r FNCPUJUT JCÒSJDT

&M CBMDØ EFM NBS SFTUBVSBOU

1MBÎB EF MB GPOU r #BEBMPOB 5FM r

5FSSBTTFT BNC WJTUFT B NBS

5HVWDXUDQW 7tSLF

t .FOÞT EF EJNBSUT B EJVNFOHF t 4PQBST QFS B HSVQT BNC QPTTJCJMJUBU EF TBMB EF GFTUFT 1BTTFJH .BSÓUJN 4 / $MVC /ËVUJD #ÏUVMP

#BEBMPOB 5FM .CM FMCBMDPEFMNBS!DOCFUVMP DPN

# ,,EØ "ADALONA

4EL

T OJU %JVNFOHF DBU O UB T O MV JM E J

CALAMERCE

TELEFONICA NET

&DPEDODFKH

$BSOT B MB #SBTB BNC MMFOZB Eh"M[JOB $BSHPMT FTUJM EF -MFJEB $BSYPGFT B MB CSBTB &TQËSSFDT CMBEFST B MB CSBTB &TQBUMMB EF YBJ BM 'PSO 1FVT EF 1PSD B MB CSBTB 'JMFUT EhFTUSVÎ B MB CSBTB 'BWFUFT CBCZ TBMUFKBEFT BNC QFSOJM

3&45"63"/5& 1*;;&3¶" t 1"33*--" "3(&/5*/"

``%VSBOUF &- 7&3"/0 BCSJNPT

50%04 -04 %¶"4 0'&35" +6-*0

3FTFSWFT UFMÒGPO

1

$ 'SBODFTD 1MBOBT J $BTBMT $-*&/54 #BEBMPOB

QBH JOEE

.FOÞ $SJTJT å .FOÞ &KFDVUJWP å

$ $PORVJTUB t #"%"-0/" t 5FM

727 %DGDORQD

3 & 4 5 " 6 3 " / 5

*OHSFEJFOUT H EF NBSHBSJOB H EF YPDPMBUB H EF TVDSF H EF OPVT H EF GBSJOB PVT NJUKBOT %FTGFV EF NJDB FO NJDB MB YP DPMBUB BNC MB NBSHBSJOB BM GPD BM CBOZ .BSJB TFOTF QBSBS EF SFNPVSF GJOT RVF RVFEJ VOB NBTTB IPNPHÒOJB " QBSU CBSSFHFV FO VO CPM FM TVDSF MFT OPVT J MB GBSJOB J SF

TFSWFV IP 4FQBSFV MFT DMBSFT J FMT SPWFMMT EFMT PVT 1FS VOB CBOEB CBUFV MFT DMBSFT B QVOU EF OFV J QFS VOB BMUSB CBSSFHFV FMT SPWFMMT BNC FM RVF UFOÓFV SFTFSWBU EJOT FM CPM %FTQSÏT BGFHJV IJ MB NFJUBU EF MFT DMBSFT B QVOU EF OFV J RVBO IP UJOHVFV CBSSFKBU MB SFTUB

JDVWURQRPLD

#SPXOJFT

.&/Á %*"3*0 r 4FSWJDJP B MB DBSUB Z CBORVFUFT r 4BMPOFT JOEJWJEVBMFT EF B QFSTPOBT

2VBO KB FTUJHVJ UPU QSFQBSBU QPTFV IP EJOT VOB TBGBUB BNC QBQFS EF QBSBmOB J BM GPSO EV SBOU USFOUB DJOD NJOVUT B VOT HSBVT

r &TQFDJBMJTUBT FO SFVOJPOFT GBNJMJBSFT HSVQPT EF FNQSFTB Z EFTQFEJEBT r .FOÞT QBSB HSVQPT EFTEF å

.FOÞT #PEBT

å 5PEP JODMVJEP NFOÞ NÞTJDB Z CBSSB MJCSF

r $PNVOJPOFT EFTEF å DPO BOJNBDJØO $USB #BEBMPOB .POUDBEB ,N $BOZFU

3FTFSWBT

5FM 727 %DGDORQD

QBH JOEE

/HFWRUV

NGEVQTU

FDUWHV IRWR GHQÙQFLD SURWDJRQLVWD FRO ODERUDFLRQV

/P UPEPT MPT NJOVTWÈMJEPT UJFOFO DPDIF QBSB JS B MB QMBZB &TUB DBSUB WB EJSJHJEB B MPT TF×PSFT RVF UFOFNPT FO FM BZVOUBNJFOUP EF #BEBMPOB MÏBTF BMDBMEF DPODFKBMFT Z UPEPT BRVFMMPT RVF UJFOFO BMHÞO DBSHP QBSB QFOTBS FO FM CJFOFTUBS EF MPT NJOVTWÈMJ EPT FM NPUJWP EF NJ DBSUB FT NVZ TJNQMF .F FYQMJDP NJ NBESF FT NJ OVTWÈMJEB Z DPNP UBM WB FO TJMMB EF SVFEBT FMMB DPNP NVDIBT PUSBT QFSTPOBT TB CFO EF MPT CFOFGJDJPT EFM BHVB EFM NBS QBSB MB TBMVE TPCSFUPEP FO TV DBTP RVF QPS GBMUB EF NPWJMJEBE TF MF JOnBNBO MBT QJFSOBT 1VFT CJFO FM QBTBEP EÓB EF KVOJP GVJNPT NJ QBESF Z ZP BM QVOUP EF MB DBMMF EFM .BS EPOEF TF TVQPOF RVF FTUÈ

IBDFS JS EFTEF FM BVUPCÞT IBTUB MB DBMMF EFM .BS CB KBS QPS MB SBNQB RVF EJDIP TFB EF QBTP FT MB ÞOJDB RVF IBZ JS IBTUB MB $SV[ 3PKB Z EFTQVÏT WPMWFS QPS FM NJTNP TJUJP {Z RVÏ QBTB DPO MBT QFS TPOBT RVF FNQVKBO MBT TJMMBT MB NBZPSÓB EF FMMBT NBZPSFT 1PS GBWPS RVF TPO QFSTPOBT OP BOJNBMFT EF DBSHB 6OB TVHFSFODJB IF PÓEP EFDJS RVF WBO B BSSFHMBS MB 3BNCMB QPESÓBO BQSPWFDIBS Z IBDFS VOB SBNQB FO EJDIP QBTP {%F RVÏ TJSWF RVF UFOHBO FM TFSWJDJP EF TJMMBT BOmCJBT TJ OP QVFEFO MMFHBS IBTUB ÏM 1JFOTFO VO QPRVJUP TF×PSFT RVF QBSB FTP MFT QBHBNPT

FM TFSWJDJP EF TJMMBT BOmCJBT QBSB FTUBT QFSTPOBT B JOGPS NBSOPT EF DØNP GVODJPOBCB Z DVÈM GVF OVFTUSB TPSQSFTB BM DPNQSPCBS OPTPUSPT NJTNPT MP RVF FM QPCSF TPDPSSJTUB DBTJ BWFSHPO[BEP OPT EFDÓB RVF FM NBS TF IBCÓB MMFWBEP MB BSFOB EF MB PSJMMB Z FTUBCBO FTQFSBOEP IBCFS TJ MP SFMMFOB CBO PUSB WF[ %FTQVÏT OPT EJKP RVF QPEÓB NPT JS BM PUSP QVOUP EPOEF FTUÈO MBT TJMMBT TJUVBEP FO FM QVFTUP DFOUSBM EPOEF FTUB MB $SV[ 3PKB Z BRVÓ FTUB FM QSP CMFNB FM QBTP TVCUFSSÈOFP RVF IBZ FO EJDIP QVOUP OP UJFOF SBNQB NJ QSFHVOUB FT {DØNP MMFHBO IBTUB MB QMBZB MPT NJOVTWÈMJEPT RVF OP UJF OFO DPDIF {RVÏ UJFOFO RVF

-PMJ (BSSJEP

QRWÍFLHV GHOV OHFWRUV

CBEBMPOB!FMUPUEJHJUBM DPN

"OJWFSTBSJ *OTUJUVU "MCÏOJ[ - *OTUJUVU "MCÏOJ[ EF #BEBMPOB WB PSHBOJU[BS VO "DUF $PONF NPSBUJV EFM TFV "OJWFSTBSJ -B TFOZPSB &MJTBCFUI $PMPNFS EJSFDUPSB BDUVBM EF M *OTUJUVU WB TFS MB JMVTJPOBEB DBQEFWBOUFSB RVF WB EPOBS VO BJSF GFTUJV J NPMU FNPUJV FO BRVFTUB DF MFCSBDJØ 1PD B QPD WB BOBS MPDBMJU[BOU FMT FYBMVNOFT QFS UFMÒGPO QFS DBSUB QFS FNBJM /P WB SFQBSBS FO NJUKBOT QFS B USPCBS OPT - BDUF FM WBN DFMF CSBS FM EJB EF +VOZ B MFT EF MB UBSEB 1SJNFSBNFOU FOT WBO BOBS SFVOJOU FO VOB TFOUJEB SFDFQDJP J CFOWJOHVEB "CSBÎPT J BMHVOB MMËHSJNB FT WB EFJYBS DBVSF EFTQSÏT E BOZT EF OP WFVSFOhT 4FHVJEBNFOU WBO DPNFOÎBS FMT QBSMBNFOUT &O

QSJNFS MMPD MB TFOZPSB EJSFDUPSB WB GFS VO SFTVN EF MB IJTUÛSJB EF M *OTUJUVU 1BSMBNFOU RVF WB QFSmMBS VO EFMT NÏT BOUJDT FYB MVNOFT FM 4S +PBO 3VCJÏT -B IJTUÛSJB EF M *OTUJUVU ÏT DPN QMFYB 7B TFS DSFBU FO M ÒQPDB EF MB 3FQÞCMJDB J MB QSJNFSB VCJDBDJØ WB TFS B MB UPSSF 1J J (J CFSU "OZT EFTQSÏT WBO QBTTBS B MB UPSSF NBTJB EF $BO #VTDË DPN B *OTUJUVUP .VOJDJQBM EF &OTF×BO[B .FEJB i"MCÏOJ[w " M BOZ MB FTDJDJØ QFS PSESF HVCFSOBNFOUBM EF MB TFDDJØ GF NFOJOB RVF FT WB FTUBCMJS B MB QMBÎB EF 1FQ 7FOUVSB $PMFHJP .VOJDJQBM EF &OTF×BO[B .FEJB i"MCÏOJ[w 4FDDJØO 'FNFOJOB B MB UPSSFUB DBTUFMM QSPQJFUBU EF MFT HFSNBOFT .PMJOB 7B

IBWFS IJ VOB BOZT RVF M FTDPMB NBTDVMJOB FT WB EFTFOWPMVQBS BM BOUJD DPM MFHJ EFM 4S 3PUHFS B MB DBOUPOBEB EF .BSUÓ 1VKPM J "NTFMN $MBWÏ -B GFNFOJOB WB TFHVJS mOT B M BOZ .FOUSFTUBOU KB T IBWJB FEJmDBU M *OTUJUVU "MCÏOJ[ PO FT USPCB BDUVBMNFOU FO FM 1BSD 4FSFOUJMM VOJOU TF BMUSF WFHBEB MB NBTDV MJOB J MB GFNFOJOB 6OB WFHBEB BDBCBU BRVFTU SFDPSEBUPSJ WB UFOJS MMPD FM DPO DFSU RVF WB TFS NPMU JOUFSFTTBOU QFMT GSBHNFOUT NVTJDBMT RVF IJ WËSFN FTDPMUBS 'JOBMNFOU IJ WB IBWFS VO FT QMÒOEJE iDBUFSJOHw RVF WB EPOBS MB OPUB mOBM B MB DFMFCSBDJØ 5 #BUMMF (SBOÏ

5SPCB UPUFT MFT DBSUFT EFMT MFDUPST BM OPTUSF XFC XXX FMUPUEJHJUBM DPN DBSUFT EFMT MFDUPST

1 -FDUPST 1BH 1BH 1BH JOEE

727 %DGDORQD

4PNPT VOB NBESF F IJKB B MBT DVBMFT IBCÏJT BZVEBEP IBCÏJT DPOTFHVJEP RVF NJT IJKPT UFO HBO MB CPDB TBOB Z BUFOEJEP B NJ NBESF QFSTPOBMNFOUF FO TV EPNJDJMJP /P TÏ DPNP BHSBEFDF SPT TJ IBDJFOEP QÞCMJDP B UPEP

×B GBNJMJB " UJ EPDUPS &TDVEFSP Z B UPEP FM FRVJQP RVF TJHÈJT TJFO EP UBO FTUVQFOEPT DPO NVDIP NVDIP NVDIP DBSJ×P 1BVMJOB +PIO /BDIFUF Z .POUTFSSBU (SBDJBT QPS FYJTUJS

FM RVF NF MFB RVF TPJT VO HSBO FRVJQP IVNBOP "ZVEÈOEPNF TBCJFOEP RVF TPNPT QFOTJP OJTUBT ZP QPS NJOVTWBMÓB Z NJ NBESF QPS IBCFS UFOJEP VO HSBWF QFSDBODF "QSFDJP MB MBCPS MB DPOmBO[B Z DBSJ×P B FTUB QFRVF

/HFWRUV

2VFSJEPT BNJHPT EF MB DMÓOJDB EFOUBM "NJY

'BNJMJB (VJSBP

1SPDFTJØO EFM $BSNFO EF #BEBMPOB )BTUB ÞMUJNB IPSB EF FTDSJCJS FTUB TJNQMF DBSUB UFOHP MB OPUJDJB RVF MB 1SPDFTJØO EFM $BSNFO RVF TBMÓB EFM .BT 3BN IBTUB -B 3BNCMB EF #BEBMPOB UPEPT MPT B×PT FTUF B×P OP TF QVFEF DFMFCSBS QPS GBMUB EF QFSTPOBT RVF MB MMFWFO

WJEB &OUSF VOPT Z PUSPT TF QBSBMJ[B QPS DPNQMFUP {/P FT IPSB RVF QPOHBO VO HSBOJUP EF BSFOB FOUSF UPEPT Z TF QPOHBO EF BDVFSEP QBSB DFMFCSBS FTUB mFTUB UBO QPQVMBS

IBTUB FM NBS &T VOB WFSEBEFSB WFSHàFO[B {/P TF QPESÓBO VOJS ZB EF VOB WF[ DPGSBEÓBT QFTDBEPSFT HSFNJPT DBSNF MJUBT IPNCSFT EFM NBS QBSB TBDBS B TV QBUSPOB Z DFMFCSBS FTUF BDUP UBO USBEJDJPOBM Z NB SJOFSP UBO OVFTUSP EF UPEB MB

+BWJFS $PSUJOB

WX HWV HO SURWDJRQLVWD 'BT BOZT )FV DFMFCSBU FMT WPTUSFT QSJNFST BOZT KVOUT 1PSUBhOT P FOWJBhOT VOB GPUPHSBmB J FM SFEBDUBU EF UFYU 1FS OPNÏT å GFT VO SFHBM PSJHJOBM $ -MFØ PO B #BEBMPOB

*U[JBS Z "MBJO

/VSJ

'FMJDJEBEFT 4F DBTBO FM EF KVMJP

+B FO UFOT -B DPMMB YVOHB FU EFTJUKHFN

%F QBSUF EF MBT DIJDBT EFM $SJTQBO

.PMUFT 'FMJDJUBUT

&OWJBOhT MFT UFWFT DBSUFT &OWJBOhT MFT DBSUFT P GPUPT EFOÞODJB t ²T PCMJHBUPSJ FM OPN EBEFT %/* P QBTTBQPSU EF M BVUPS t $BQ EPDVNFOU RVF FOT TJHVJ FOWJBU TFSË SFUPSOBU t &M 505 FT SFTFSWB FM ESFU B SFEVJS J FEJUBS MFT DBSUFT RVF IP SFRVFSFJYJO J QV CMJDBS BRVFMMFT RVF DPOTJEFSJ PQPSUÞ t /P FT NBOUJOESË DPSSFTQPOEÒODJB OJ T BUFOESBO WJTJUFT P USVDBEFT SFTQFDUF FMT PSJHJOBMT FOWJBUT P QVCMJDBUT $ -MFØ O B #BEBMPOB CBEBMPOB!FMUPUEJHJUBM DPN 727 %DGDORQD

1 -FDUPST 1BH 1BH 1BH JOEE

1MBOUJMMB#BTF JOEE

727 %DGDORQD

DPMrMFHJBU O

#&--"7*45" 4&37&*4 *..0#*-*"3*4

1*404 * $"4&4 &/ --0(6&3 $BOZBEØ IBC CBOZ UPU FYUFSJPS CBMDØ NBHOÓGJRVFT WJTUFT BM NBS å $FOUSF IBC CBOZ FS TFOTF BTDFOTPS å $ 4BOU 1BV N IBCJUBDJPOT CBOZT å 1SFTJEFOU $PNQBOZT N IBC CBOZT 1BSLJOH EPCMF PQD å $BTB B 5JBOB N FEJGJDBUT IBC CBOZT HBSBUHF CPEFHB J KBSEÓ EF N å

-0$"-4 &/ --0(6&3 $FOUSF $ 4BOU 3BGFM N TFOTF DPMVNOFT "QUF .BHBU[FN HBSBUHF å 0GJDJOB DPTUBU "KVOUBNFOU N CBOZ *EFBM DPOTVMUPSJ FTUVEJ å -PDBM ;POB -MPSFEB N QFS PGJDJOFT P DPNFSÎ å -PDBM NBHBU[FN ;POB ' .BDJË N NÏT N BMUFMM J N QBUJ å $PTUBU "KVOUBNFOU N .PMU DPNFSDJBM RVBMTFWPM BDUJWJUBU $POTVMUBS 1MBDFT EF 1ËSRVJOH $FOUSF $ 4BOU 3BGBFM 1MBDFT HSBOT

010356/*5"54 7&/%&4 $FOUSF 0GJDJOB &O 7FOEB N CBOZ *EFBM DPOTVMUPSJ FTUVEJ å -PDBM ;POB $FOUSF 3FOGF N DBOUPOFS å $BTB B %BMU -B 7JMB IBC *EFBM QBSFMMFT )JQPUFDB DPODFEJEB å $FOUSF %VQMFY 0CSB /PWB IBC C DBM J BD QMBRVFT TPMBST 0DBTJØ 1JT $ .FTUSF /JDPMBV N IBC CBOZT UFSSBTTB N å 5PSSF FO 7FOEB .BT 3BN QBSDFM MB N IBC QJTD Á/*$" $POTVMUBS

$ 4BOU "OBTUBTJ O 5FM

727 %DGDORQD

QBH JOEE

1MBOUJMMB#BTF JOEE

727 %DGDORQD

=ÁSLQJ %JKPVT EF KVMJPM

%JWFOESFT EF KVMJPM

I &TQPSUT 5PVS EF 'SBOÎB

%JTTBCUF EF KVMJPM

I 'FTUFT

I 4ÒSJF

&ODJFSSPT 4BO 'FSNÓO

4FSSBMMPOHB

%JVNFOHF EF KVMJPM

%JMMVOT EF KVMJPM I 1FMrMÓDVMB

I $PODFSU .JHVFM 1PWFEB

&SBTFS FMJNJOBEPS

&NJTTJØ EF M FUBQB RVF QBTTBSË QFMT DBSSFST EF #B EBMPOB J BDBCB SË B #BSDFMPOB I "WFOUVSFT %FTBGÓP FYUSFNP +FTÞT $BMMF KB J EJWFSTPT DPODVSTBOUT WJVFO BWFOUVSFT FYUSFNFT

727 %DGDORQD

QBH JOEE

4FSSBMMPOHB ÏT MB IJTUÛSJB E VO CBOEPMFS RVF FTEFWÏ MMF HFOEB FO VOB ÒQPDB EVSB

&NJTTJØ EFMT FODJFSSPT EF 4BOU 'FSNJ FO EJSFDUF EFT EF 1BNQMPOB

$PODFSU EFM CBEBMPOÓ .JHVFM 1PWFEB EFM FTQFDUBDMF i%FTHMBÎw

-FF $VMMFO USFCBMMBWB FO VOB FNQSFTB GB CSJDBOU E BSNFT J WB EFTDPCSJS TFOTF WPMFS VO TFDSFU RVF MJ GB DBOWJBS MB WJEB

KRU¶VFRSV ®3*&4 BM

$3"/$ BM

#"-"/±" BM $"13*$03/ BM

&TUBSFV EFTQJTUBUT QFSÛ BNC GPSÎB EF WP MVOUBU QFS BDPOTFHVJS FM RVF WPMFV )FV EF UFOJS FO DPNQUF RVF OP OPNÏT FT GBO MFT DPTFT QFOTBOU J ÏT RàFTUJØ EF QPTBS IJ HBOFT J EFJYBS MB NBOESB EF DPTUBU -B NJMMPS DPTB RVF VT QBTTBSË BM MMBSH E BRVFTUT EJFT ÏT RVF UJOESFV MB DBQBDJUBU EF TPCSFTPSUJS QFS CÏ BNC UPU FM RVF GFV

"RVFTUT EJFT QBTTBUT IFV FTUBU BNC NPMUB EFTDPOmBOÎB QFS UPU J EF TPCUF VT IB WJOHVU MB JOTQJSBDJØ IFV EFDJEJU RVF VT IFV EF NPVSF J TJ FT QPU GFS VOB TPSUJEB OP NBTTB MMVOZ QFSÛ TJ BNC NPMUFT BDUJWJUBUT /P EFJYFV MFT SFTQPOTBCJMJUBUT EF CBOEB QFSRVÒ TFNQSF IJ IB BMHÞ BM DPTUBU RVF JOUFOUB DPOUSPMBS MB TJUVBDJØ

5PU J RVF M PSHVMM ÏT VO QVOU RVF UFOÓFV NPMU B nPS EF QFMM BRVFTUT ÞMUJNT EJFT TFNCMB RVF BSB VT IB BOBU BnVJYBOU EFJYBOU TPSUJS VOB QBSU NÏT OPCMF J TJODFSB EF WPTBMUSFT NB UFJYPT )B BSSJCBU FM NPNFOU EF SFOPWBS MB WPTUSF NBOFSB E BDUVBS J EF SFBDDJPOBS EB WBOU MFT DPTFT RVF VT BOFV USPCBOU QFM DBNÓ

4FSFV NPMU GËDJMT EF UFNQUBS TPMT VT IBV SBO E JOTJOVBS MFT DP TFT RVF SËQJEBNFOU VT IJ MMBOÎBSFV J FT RVF UJOESFV NPMUB UFOEÒODJB B OP QFOTBS FM RVF GFV "NC MB QBSFMMB BOJSË GPSÎB CÏ KB RVF IJ IB NPMUB GBDJMJUBU EF DPNQSFOTJØ J E BmOBNFOU BNC MB QBSFMMB DPTB RVF VT BOJSË CÏ QFS GSF OBS WPT MFT UFNQUBDJPOT

5"63& BM

--&» BM

&4$031¶ BM "26"3* BM

1 PUTFS OP TJHVJ MB $ PNFOÎBSFV BNC 4FSFV VOB NJDB NÏT &TUBSFV NÏT QSFTVNJUT GFMJÎPT RVF EF DPTUVN USPCBSFV VOB TPSUJEB QFS HBVEJS EF MFT DPTFT CPOJ RVFT RVF UÏ MB WJEB -B JMtMVTJØ KB MB UFOJV MFT HBOFT UBNCÏ OPNÏT IFV EF TVQFSBS FMT MMJHBNT RVF VT BOFV QPTBOU 0 TJHVJ RVF KB IP TBCFV IFV EF GFS VOB NJDB FM EFTQJTUBU J EFJYBS RVF FM WPTUSF JOTUJOU VT QPSUJ QFM CPO DBNÓ

RVF NBJ OP UJOESFV EVCUFT OJ EFM RVF WPMFV OJ EFM RVF UFOJV HBOFT EF GFS J ÏT RVF MB DPTB FTUË NPMU CFO BTTFOUBEB J MB TFHVSFUBU BNC MB RVF DPOUBSFV TFSË E BENJSBS )FV EF UFOJS NPMU DMBS RVF UPU BJYÛ VT WF QFS MB TPSU BNC MB RVF DPOUBSFV 5JOHVFV FO DPNQUF IFV EF DPOUJOVBS GFOU FM RVF UPDB

NPMU CPO SPUMMP TPCSF UPU BNC MB NBSF J MFT HFSNBOFT ²T QPTTJCMF RVF FO FM DBNQ EF MB GFJOB MFT DPTFT OP TJHVJO JHVBM KB RVF FT NBS RVFO VOB TÒSJF E FOUSFCBODT EF QBSBVMFT FM NJMMPS RVF FT QPU GFS BNC BRVFTUT DBTPT FT NBOUFOJS TF BM NBSHF J OP EJS HBJSF SFT #PDB UBODBEB J BOBS EFJYBOU GFS

NJMMPS UFNQPSBEB EF MB WPTUSB WJEB UPU J RVF MB DPTB OP ÏT HSFV VT USFODBSFV NPMU MFT CBOZFT QFOTBOU J CVTDBOU TPMVDJPOT QFS MFT DPTFT RVF VT QSFPDVQFO .JSFV UPU BNC NÏT CPOT VMMT J TPCSFUPU OP VT FTCSBWFV EPOBOU MFT DVMQFT EF UPU BMT BMUSFT MB DVMQB ÏT OFHSF J OJOHÞ MB WPM

#&440/4 BM 7&3(& BM

4"(*5"3* BM 1&*904 BM

6T IFV BDPTUVNBU B & ODBSB RVF QFS FM )FV E BOBS FO DPNQUF ²T IPSB EF GFS BMHVOB QFSRVÒ UFOJV MB NBMB DPTUVN EF EFJYBS RVF FMT EFNÏT VT DPOEVFJYJO MB WJEB J BJYÛ OP ÏT CP &TUË BSSJCBOU FM NPNFOU EF USFO DBS BNC BRVFTUB QFMtMÓDVMB KB RVF TJ OP IP GFV ÏT NPMU QSPCBCMF RVF BDBCFV GFOU DPTFT RVF OP VT DPOWFOFO J BDBCFV EFJYBOU EF CBOEB FM RVF VT JNQPSUB

KVUKBS NBTTB SËQJE MFT DPTFT TFOTF EFJYBS NBSHF BM EVCUF MB TFSFOJUBU VT GBSË BEPOBS RVF ÏT NJMMPS WBMPSBS MFT DPTFT J E BRVFTUB NBOFSB VT DFOUSBSFV NÏT )FV E BOBS FO DPNQUF BNC BMHVO WJDJ RVF EF WFHBEFT T BQPEFSB EF WPTBMUSFT BJYÛ OP VT EFJYB QFOTBS J VT CMP RVFKB NPNFOUËOJBNFOU

DPTB BNC FM WPTUSF BTQFDUF QFS NJMMPSBS MP VOB NJDB /P ÏT QBT RVF FTUJHVFV NBMBNFOU QFSÛ VT DPOWÏ BOBS NÏT JOGPSNBMT QFSÛ BNC DMBTTF 1FS BMUSB CBOEB IBVSFV E BOBS FO DPNQUF FO FM DBNQ EF MB QBSFMMB PO UJOESFV BMHVO EBMUBCBJY SFMBDJPOBU BNC MB WPTUSB JOEFQFOEÒODJB

WPTUSF HVTU OP IJ IBHJ NBTTB SFMBDJØ BNC MB NBSF ÏT NPMU QSPCBCMF RVF BM MMBSH E BRVFTUT EJFT UJOHVFV MB UFOEÒODJB B BOBS MB B CVTDBS J FTQFSBS RVF VT EPOJ VO DPQ EF NË BNC MB WPTUSB WJEB &M WPTUSF DBSËDUFS MMVJUBEPS VT GBSË UFOJS FM DBQ NPMU BMU ÏT VO CPO NPNFOU QFS BTTFOUBS MFT DPTFT J QBSMBS

SDVVDWHPSV

/JWFMM EJGÓDJM

/JWFMM GËDJM

0NQMJV MFT DBTFMMFT CVJEFT EFM SFRVBESF EF Y RVBESBUT BNC YJGSFT EF Mh BM /P ThIB EF SFQFUJS DBQ OÞNFSP FO VOB NBUFJYB mMB IPSJU[POUBM P WFSUJDBM OJ TVCRVBESJDVMB EF Y 1FS 4VEPLVT8FC DPN

QBH JOEE

727 %DGDORQD

',5(&725, 7DURW

SDVVDWHPSV

-6/" .&*(" 5"305 ) 7*4" FVS NJO 4.4 FOWJB 5"305 BM FVS QPS TNT . "

&-&/" 5"305 7*4"

"UFOD QFSTPOBMNFOU 5PSOBSË 5SVDBSË 2VBO &MT TFVT TFOUJNFOUT $0.130#" )0 505 EF I BN B I QN UG UN "QU DPE B

4PMVDJPOT B MB TFDD FDPOÛNJDT

%$%$/$:2 &RQVXOWDV OLPSLH]DV PLVDV HVSLULWXDOHV HQWUHJD GH JXHUUHURV PDQR RUXOD VDQWRV H LID %DGDORQD MXQWR 0jJLF

RGXGXDPLJXHO#PVQ FRP

7HO

1FS 1BV 7JEBM

)03*5;0/5"-4 "SB RVF ÏT B MB HBSKPMB FODBSB FT EFNBOB PO FSB FM QSFT 7PSBMT EFM QBTTFJH $POGFTTË RVF DBVTË VOB GFSJEB SFSF M BMUSB 2VF ÏT WBOJUØT FM UJP 6MUJN NPT E FTQFUFD ²T BM HBOYP DPN BM QÒM MB QFMVEB 7PDBM EFM NJH ²T VOB GÒDVMB MB 4BOESB $BNBDB OP FO UÏ EVCUFT 4VEBNFSJDBOFT NPMU BQMBVEJEFT BMT DBNQT EF GVUCPM (SFJYØT J TVBU DPN VOB QFMM EF NPMUØ &M GSBH NFOU GSBDUVSBU EFM EJBGSBHNB 5FSDFSB EF USFT $PN B CPNCB ÏT FM EPCMF EF QPUFOU J USBÕEPSB QFSRVÒ WB E FTRVFOB 4PMFO FOUSBS BNC FMT BOZT ²T VO DBQUFOJNFOU FYDMVTJWB NFOU GFNFOÓ 4PM BDBCBS DBÎBU RVBO FT WPM EBS VOB MMJÎØ /P DSFD RVF TJHVJ VO HPM WËMJE 2VJFUB BM TFV MMPD DPN VOB BCFMMB EF NBSDB -B QFSGFDUB VUPQJB 1BSMBOU E BCFMMFT M PSJHFO "SHVNFOU RVF T BHVBOUB QFS VO m M %VFT EF EPT 1FSNFU WFVSF FM NØO BNC HVTU EF n VPS %JT UËODJB B SFDØSSFS QFS MB WJB -JNJUFO M FYQFSJÒODJB &O VO DPODVST EF NÒSJUT SFTUB QVOUT 1PDB CSPNB &T QFOTB RVF NBSDB FM UFSNF /P DPOFHVÏ DBQ EPOB RVF OP GPT TBMtMÞWJB 727 %DGDORQD

QBH JOEE

7&35*$"-4 &M RVF FT GB OP FT QPU NFOKBS #BVNB OPNÏT BQUB QFS PSFOFUFT $PN RVF OP DSFVB CÏ FT UPSOB B QPTBS NBMBMU 'FS BRVFMM TPSPMMFU UBO NPMFTU EF MB SËEJP FOTBSEBOBEB 4J OP NPV NVOUBOZFT FO QVKB $SJU EF MB HVBUMMB RVBO WPM FTUSBGFS FM HBU 4FHPOB EF SFT 4FHVSFUBU TFOTF OFDFTTJUBU E BHFOU 2VJO EVP NÏT FTUSBOZ * TJ ÏT GSBODJTDË UBNCÏ MBCPSB 2VJO DBPT ÏT DBQBÎ EF DBVTBS MB EFTUSFTB RVBO OP ÏT EFTUSB - IBCJUBDJØ NÏT TJMFO DJPTB EF UPUFT %JSIBNT EFMT E BCBOT * QSJNFSB E FGÒT $SJEP QFSRVÒ FO 9JTDP GB DBSB EF NVTDMP 1FS FMMB VOB DBUFESBM ÏT DPN VO NVTFV &T WBOUB EF SFWPMVDJPOBSJ QFSÛ TPO HFSNË FSB NÏT m EFM .JSFV BMMË EBMU "M CFMM NJH EF MFT QFSMFT $PN TJ GPTTFO QPCMFUBOT QFSÛ EJGFSFOU /P USPCB SFT NJMMPS QFS BCSJHBS TF RVF VO UBMM EF CBDØ 5BO QFSDFQUJCMF RVF FT QPU UPDBS J UPU "M DPS EF M "SUVS $POÓGFSB E ÞT NBUFNËUJD 4PTUJOHVEB J OP QBT BNC QBMMB EF M VMM BMJÒ &O TFOZBM EF 7JDUÛSJB $VJOB E VOB NBOFSB DPODSFUB /P FT SFGF SFJY BM DPMPN BOT BM $PMPN

7$527 0$5,1$ /$6 + 5(638(67$6 48( %86&$6 /$6 (1&2175$5É6

££//É0$0(

9,6(6 (&21Ó0,48(6

606 HQYLD PDU \ WX SUHJXQWD DO

0$(675$ '( 5(,., 5HLNL KRUDV FRQYHQLGDV

7(/

3UHFLR )LMR ½ 3UHFLR PyELO ½ 0D\RUHV DxRV

WDURW

BOVODJB U FO BRVFTUB TFDDJØ

XXX FMUPUEJHJUBM DPN CBEBMPOB!FMUPUEJHJUBM DPN

FRQVXOWRUL

EQPUWVQTK NGICN

FRQVXOWRUL FRPXQLWDWV ODERUDO ILVFDO DVVHVVRULD

&M USBCBKP OPDUVSOP &O FM DBTP EF RVF VO USBCBKBEPS OPDUVSOP QSFTFOUF QSPCMFNBT EF TBMVE MJHBEPT B TV IPSBSJP EF USBCBKP UJFOF EFSFDIP B RVF TF MF EFTUJOF B VO QVFTUP EF USBCBKP EJVSOP EFOUSP EF MB FNQSFTB &M USBCBKP OPDUVSOP UJFOF VOB SFUSJCVDJØO FTQFDÓGJDB FTUB SF USJCVDJØO TF EFUFSNJOBSÈ FO MB OFHPDJBDJØO DPMFDUJWB

DPOTVMUPSJ

(BCJOFUF +VSÓEJDP )FSOÈOEF[ 7JDFOUF IW!HBCJOFUF OFU

&TUB TFNBOB BOBMJ[BSFNPT FM USBCBKP OPDUVSOP Z TVT DBSBDUF SÓTUJDBT &O OVFTUSB TPDJFEBE DBEB WF[ IBZ NÈT USBCBKBEPSFT RVF EFTB SSPMMBO UPEP P QBSUF EF TV USBCBKP FOUSF MBT EJF[ EF MB OPDIF Z MBT TFJT EF MB NB×BOB IPSBSJP RVF TF DPOTJEFSB OPDUVSOP 6O USBCBKBEPS FT OPDUVSOP t 4J SFBMJ[B SFHVMBSNFOUF BM NFOPT USFT IPSBT EF TV KPSOBEB EJBSJB EF USBCBKP FOUSF MBT EJF[ EF MB OPDIF Z MBT TFJT EF MB NB×BOB

&O VO DPOUSBUP EF DPNQSB Z WFOUB {RVF HBTUPT IB EF TVGSBHBS FM WFOEFEPS Z RVF HBTUPT IB EF QBHBS FM DPNQSBEPS

t 4J SFBMJ[B DPNP NÓOJNP VO UFSDJP EF TV KPSOBEB BOVBM EF USBCBKP EFOUSP EF EJDIP IPSBSJP &M FNQSFTBSJP RVF DPOUSBUF SF HVMBSNFOUF B USBCBKBEPSFT QBSB RVF EFTBSSPMMFO TV USBCBKP FO IPSBSJP OPDUVSOP EFCF JOGPSNBS B MB BVUPSJEBE MBCPSBM EF FMMP -PT USBCBKBEPSFT OPDUVSOPT HP [BO EF VOB FTQFDJBM QSPUFDDJØO UBOUP FO NBUFSJB EF TBMVE DPNP FO NBUFSJB EF TFHVSJEBE EJDIB QSPUFDDJØO IB EF TFS BDPSEF DPO MB OBUVSBMF[B EF TV USBCBKP 1PS MP UBOUP MPT USBCBKBEPSFT OPD UVSOPT IBO EF QPEFS TPNFUFSTF EF GPSNB HSBUVJUB B VOB SFWJTJØO NÏEJDB BOUFT EF FNQF[BS B EF TBSSPMMBS VO USBCBKP OPDUVSOP Z EFTQVÏT VOB WF[ ZB FTUÏO SFBMJ [BOEP VO USBCBKP OPDUVSOP QVF EFO TPNFUFSTF QFSJØEJDBNFOUF B SFWJTJPOFT NÏEJDBT

4FHÞO FM DØEJHP DJWJM FM WFOEF EPS TF IB EF IBDFS DBSHP EF MPT HBTUPT EF PUPSHBNJFOUP EF FTDSJUVSB &M DPNQSBEPS FO DBNCJP IB EF QBHBS MPT HBTUPT EF MB QSJNFSB DPQJB Z UPEPT BRVFMMPT HBTUPT RVF TF HFOFSFO Z RVF TFBO QPTUFSJPSFT B MB WFOUB 4J CJFO FM DPNQSBEPS Z FM WFO EFEPS QVFEFO QBDUBS MP DPO USBSJP

&OWÓFOPT TVT QSFHVOUBT TPCSF %FSFDIP "ENJOJTUSBDJØO EF $PNVOJEBEFT P "TFTPSÓB IW!HBCJOFUF OFU

$ERJDGRV $FFLGHQWHV 7Ui¿ FR /DERUDOHV $GPLQLVWUDFLyQ &RPXQLGDGHV $XWyQRPRV /DERUDO )LVFDO $VHVRUHV

%FMFHBDJØO #BEBMPOB r D $PMM J 1VKPM #BEBMPOB

%FMFHBDJØO 1SFNJË r (SBO 7JB 1SFNJË

QBH JOEE

727 %DGDORQD

/D PLOORU VHOHFFLÓ LPPRELOLÁULD GHO %DUFHORQÈV 1RUG

LPPRELOLÁULD

KOOQDKNKÀTKC

0CFSUB MB DPOWPDBUÛSJB E BKVUT B MB SFIBCJMJUBDJØ EFM *NNPCJMJBSJB t &M %FQBSUBNFOU EF .FEJ "NCJFOU J )BCJUBUHF IB PCFSU VOB DPOWPDBUÛSJB E BKVUT QFS B MB SFIBCJMJUBDJØ "RVFTUT BKVUT DPNQUBSBO BNC VO QSFT TVQPTU EF NJMJPOT E FVSPT RVF T BGFHJSBO B M BTTJHOBDJØ FTQFDJBM EF NJMJPOT QFS B BDUVBDJPOT EF SFIBCJMJUBDJØ QSF WJTUB QFM QMB FTUBUBM E FTUÓNVM EF M FDPOPNJB J M PDVQBDJØ 1P E S B O P QU BS B BR V F T UF T TVCWFODJPOT MFT DPNVOJUBUT EF QSPQJFUBSJT FMT UJUVMBST E FEJGJDJT E IBCJUBUHFT E ÞT SFTJEFODJBM QFS B MB SFIBCJ MJUBDJØ E FMFNFOUT DPNVOT J FMT UJUVMBST E IBCJUBUHFT QFS B MB SFIBCJMJUBDJØ EFMT JOUFSJPST TFNQSF J RVBO DPNQMFJYJO BNC

VO SFRVJTJU QSFWJ BCBOT EF DPNFOÎBS MFT PCSFT FMT EFT UJOBUBSJT EFMT BKVUT IBVSBO EF EFNBOBS B M "ENJOJTUSBDJØ FM 5FTU EF M &EJmDJ 5&%* FYDFQ UF TJ FT USBDUB E PCSFT QFS SJTD HSFV J JNNJOFOU P CÏ FYJTUFJY VO DPOWFOJ QSFWJ BNC FM %F QBSUBNFOU EF .FEJ "NCJFOU J )BCJUBUHF &MT JOUFSFTTBUT QPESBO QSFTFO UBS MFT TFWFT TPMrMJDJUVET mOT FM EF TFUFNCSF " QBSUJS EF MB SFTPMVDJØ EF MB TVCWFODJØ FMT EFTUJOBUBSJT EJTQPTBSBO E VO BOZ QFS SFBMJU[BS MFT PCSFT EF SFIBCJMJUBDJØ RVF T IBVSBO E BKVTUBS BM RVF FTUBCMFJYJ FM SFTVMUBU EFM 5&%* -B RVBOUJB EF MB TVCWFODJØ

QPESË TFS E FOUSF VO J VO FO GVODJØ EFM UJQVT EF SFIBCJMJUBDJØ &O BRVFTU TFOUJU FT EFUFSNJOFO RVBUSF UJQVT E PCSFT TVCWFODJPOBCMFT DPNQBUJCMFT FOUSF TJ J BDVNV MBCMFT t SFIBCJMJUBDJØ E FEJmDJT BNC QBUPMPHJFT J EFmDJÒODJFT t BDDFTTJCJMJUBU t JOTUBMrMBDJPOT DPNVOJUËSJFT t TPTUFOJCJMJUBU FmDJÒODJB J SFIBCJMJUBDJØ FOFSHÒUJDB

5FOJV NÏT JOGPSNBDJØ TPCSF FMT BKVUT B MB SFIBCJMJUBDJØ BM XFC EF MB 4FDSFUBSJB E )BCJUBUHF %FQBSUBNFOU EF .FEJ "NCJFOU J )BCJUBUHF

+BVNF .POUTFSSBU J 7JWFT (FTUPS "ENJOJTUSBUJV $PM MFHJBU "TTFTTPS 'JTDBM "HFOU EF MB 1SPQJFUBU *NNPCJMJËSJB "ENJOJTUSBEPS EF 'JORVFT

"44&4403&. -&4 01&3"$*0/4 *..0#*-*®3*&4 &/ 5054 &-4 "41&$5&4 '*4$"-

-&(" '*/"/$&3

"%.*/*453"5*6

( $0.13" ( 7&/%" ( --0(6&3 ( 53"41"4404

( "%.*/*453"$*0/4 ( "44&4403".&/5 ( J (&45*« *..0#*-*®3*"

-0$"-4 &/ --0(6&3

1*404 * $"4&4 &/ --0(6&3

;0/" .&3$"5 503/&3 N QMBOUB CBJYB N EF TØUBO 1SFV B $POTVMUBS $ 4"-7"%03 &413*6 -MPSFEB N F ;0/" -" 1-"/" N TFNJTÛUBO WFOU B MhFYUFSJPS "DDÏT GVSHPOFUFT F $ '3"/$&4$ %& 1"6-" KUP $ .BS QMBOUB N N N .PMUB MMVNJOPTJUBU $ "3/Á4 40-&%"% FOUSFTPM DPNFSDJBM N NPMUB MMVNJOPTJUBU FO QFSG FTUBU F $ 1307*%µ/$*" N QMBOUB CBJYB N TÛUBO F 1"3,*/( --0(6&3 "WEB .PSFSB $PUYF .JUKË F -0$"- --0(6&3 ;0/" .&3$"5 503/&3 N FO QMBOUB CBJYB N EF TÛUBO F 0'*$*/" --0(6&3 N QMBOUB BTDFOTPS BM DPTUBU BVUPQJTUB " NJO EFM DFOUSF FO QFSGFDUF FTUBU 1SFDJP UPUBM F 0'*$*/&4 --0(6&3 "WEB #VGBMË FOUSFTVFMP N WBSJPT EFTQBDIPT " " BTDFOTPS F $ ®/(&- (6*.&3® N FOUSFTPM F 3".#-" 4"/5 +0"/ CBJYPT N EF QBUJ QJT N *EFBM BCBJY NBHBU[FN P UBMMFS J B EBMU PGJDJOFT 'JODB TFOTF WFÕOT F 3#-" 45 +0"/ (6*9&3&4 N [POB EF QBT F Y Y N $ $BTUJMMFKPT 4FOTF WFÕOT .BHBU[FN UBMMFS 'ËDJM $BSHB %FTDBSHB F $ 4&-7" 4BOU $SJTU UJFOEB N F $ 0-*7&3"4 4JTUSFMMT N F $ (*30/" #6'"-® N NBHBU[FN UBMMFS F $ (*30/" N PGJDJOB BMNBDÏO [POB DBSHB EFTDBSHB F $ 45 .*26&- DFOUSP N F $ 4"/5 .*26&- $&/53& N 4BMJEB IVNPT F

5*"/" UPSSF BÕMMBEB FO MMPHVFS IBC EPCMFT CBOZT YFNFOFJB UFSSBTTFT KBSEÓ HBSBUHF FO QFSGFDUF FTUBU B EPT NJOVUT EhBVUPQJTUB F $ */%&1&/%µ/$*" #6'"-® ®UJD UFSSBTTB N IBC TBMØ N TBGBSFJH DVJOB CBOZ QBSRVFU BDBCBU EF SFGPSNBU BTDFOTPS F $ 1037&/*3 IBC CBMDØO HBMFSÓB NVDIB DMBSJEBE TJO BTDFOTPS F 1- -" 1-"/" IBC CBMDØ UPU FYUFSJPS SU TFOTF BTD F $ 13*. IBC TJO BTDFOTPS F 1- -" 1-"/" IBC TJO BTDFOTPS F ;0/" /6&7" %& #6'"-® IBC TVJUUF CB×PT DPNQMFUPT DBMFG Z " " UFSSB[B EF N DPNP OVFWP F

1"3,*/(4 * 53"45&34 &/ --0(6&3 1"3,*/(4 * 53"45&34 &/ --0(6&3 1-"±" -" 1-"/" 1®326*/( 53"45&30 01$*0/"- F

/"64 * %&41"59 &/ --0(6&3 /"64 */%6453*"-4 $0.&3$*"-4 10-¶(»/ #0/"7*45" B QBSUJS EF N FO EVFT QMBOUFT F /"7& N QMBOUB CBKB $ (VJGSÏ QVFOUFT HSVB ,8 EF GVFS[B F /"6 #BSDFMPOB [POB ! $ #BEBKP[ N F /"6 1PM -FT (VJYFSFT N FRVJQBEB DPO JOTUBMBDJPOFT F %&41"59 ;0/" --03&%" N " " QFSGFDUP FTUBEP F

7&/%" -0$"- 7*7&/%" $ */%Á453*" O N TBMJEB IVNPT 3FG F

*14#4+1 C *14#5 C *14#5 2NCÁC $CTÎ FG /CNF´ P 6GNU #RCTVCV $#&#.10# $CTEGNQPC (#: | YYY IGUVQTKCOQPVUGTTCV EQO

727 %DGDORQD

QBH JOEE

LPPRELOLÁULD

"ENJOJTUSBEPST "TTPDJBUT "HFOU EF MB 1SPQJFUBU *NNPCJMJËSJB "1* 6OL LLOGAR EL SEU PIS &ACI HO SENSE POR ,I GARANTIM EL COBRAMENT DEL LLOGUER CADA MES -ÌXIMA ElCACIA I SERIETAT 4ENIM UNA AMPLIA BORSA DE LLOGATERS 0ROFESSIONALS DES DE

7&/%" $"4" $&/53& 1# 1*4 . SFCFEPS NFOKBEPS TBMB DVJOB SFGPSNBEB QBUJ QFUJU MBWBCP IBC #BOZ DPNQMFSU OPV UFSSBTTB CBMDP J BMUFMM å 5&33&/: 1&3 &%*'*$"3 7"3*4 o 63# ."4 3". N å ."4 3". o ."(/*'*$" 5033& 7*45&4 &9$&-t-&/54 1 # NFOKBEPS B EPT OJWFMMT BNC TBMB E FTUBS DVJOB N EFTQBUY MBWBCP HSBO UFSSBTTB 1JT IBC CBOZT DPNQMFUT UFSSBTTB (BSBUHF J CPEFHB å -0$"- 0'*$*/&4 . +PBO 1FJSØ JEFBM QFS RVBMTFWPM OFHPDJ å OFHPDJBCMFT

--0(6&3

1*404

$"4" $"/:&5 FO QMFOB OBUVSB NPMU CPOFT DPNVOJDBDJPOT BNC USBOT QÞCMJD BQBSDBNFOU QFS DPUYF N BQSPY IBC CBOZ BNC EVUYB DVJOB QFUJUB MMBS EF GPD QBUJ N 1PTTJC EF MMPHVFS BNC NPCMFT P TFOTF " 1"35*3 %& å $"4" "- $ &-7*4 13&4-&: QM IBC CBOZT DVJOFT QBUJ N HBSBUHF J DFMMFS å 1*4 $ $0/26*45" N IBC UPU SFGPSNBU QFS FOUSBS B WJVSF å 1*4 "- $&/53& N CBOZ DPNQM IBC NFOKBEPS N USSTB NPCMBU å 1*4 "- $&/53& $ 4"/5 +04&1 1JT EF VOT N BQSPY IBCJUBDJPOT EF NBUSJNPOJ DVJOB SFGPSNBEB UFSSBTTB å %&41"59 1SFTJEFOU $PNQBOZ UPU SFGPSNBU N BQSPY $0/46-5"3 1*4 $ .BSJOB QJT IBC NPCMBU CFO DPOTFSWBU QM EF QËSL JODMPTB å %&41"59 DÒOUSJD BM DPTUBU EF M "KVOUBNFOU FTUBU FYDFMtMFOU JEFBM QFS RVBMTFWPM UJQVT EF OFHPDJ N BQSPY $0/46-5"3

-0$"-4 -0$"- $ 4"/5 (0/±"- N JEFBM NBHBU[FN å -0$"- ;0/" (03( N¤ 'BÎBOB B EPT DBSSFST å -0$"- "35*(6&4 D #BMNFT N¤ 3&'03."5 QPSUFT å -0$"- * 0'*$*/&4 +PBO 1FJSØ EJTQPTB EF HVBM " $0/7&/*3 -0$"- $BSSFS "MGPOT 9*** NFUSFT SFGPSNBU EPT CBOZT JEFBM QFS CBOD P DPOTVMUP SJT å

1®326*/( 1-"±" ("3"5(& $ 3JFSB .BUBNPSPT å

7JB "VHVTUB -MFUSB # S (BM 7JDUÛSJB 5FM 'BY t #BEBMPOB

'PJY $BSCØ BTTPDJBUT

1. .')+#6

(àFMM J 'FSSFS CBJYPT #"%"-0/" r XXX GPJYDBSCP FT - - 0 ( 6 & 3 # " % " - 0 / " 1*4 " 1- ."3*/"%" IBC UFSSBTTB FYUFSJPS F 1*4 " $ "-'0/4 9** N IBC UFSSBTTB F 1*4 " $ "-'0/4 9*** N IBCJUBDJPOT F 1*4 " $ (3"/"%" MPGU N F 1*4 " $ $&37"/5&4 N IBCJUBDJØ F $"4" " $ (3®$*" IBC NPCMBEB QBUJ F 53"45&3 " $ (6*9&3&4 N F -0$"- " $ *4""$ 1&3"- N F -0$"- $ *(/"4* -0*0-" -" 1-"/" N F -0$"- " $ (Ã&-- * '&33&3 N TPUFSSBOJ N F -0$"- " $ 1307*%µ/$*" N TPUFSSBOJ N F -0$"- " $ .*26&- 4&37&5 N F -0$"- " $ "-'0/4 9** N TPUFSSBOJ N F -0$"- " $ "-'0/4 9** N F %&41"59 $ (Ã&-- * '&33&3 QMBOUB N F %&41"59 $ *(/"4* -0*0-" -" 1-"/" N F 1-"±" 1, .050 " $ (6*9&3&4 F 1-"±" 1, $059& " $ "3/Á4 F 1-"±" 1, .050 " $ -"*&5"/*" F 1-"$&4 1, $059& $ $3&6 F 1-"±" 1, $059& 53"45&3 $ $3&6 F

4"/5 "%3*® %&- #&4¾4 1*4 " "7%" -" 1-"5+" N IBC F 1*4 " $ "/%3&4 76*%"- N IBC F

7 & / % " # " % " - 0 / " $"4" $ $0/$)" &41*/" N QM CBJYB TFNJOPWB IBC CBOZT USTB QL F $"4" $ $&37"/5&4 N TFNJOPWB TPUFSSBOJ N QC N QJT N IBC CBOZT USTB QBUJ F $"4" " $ (3"$*" N IBC UFSSBTTB QBUJ F $"4" " $ *4*%3& IBC CBOZT CBEJV F 1*4 " $ $0-- * 16+0- N IBC UFSSBTTFT F 1*4 " $ -"*&5"/*" N IBC CBOZT F 1*4 " $ ®(6&%" .0.1&- N IBC SFGPSNBU F 1*4 " $ ."%0; N IBC F 1*4 " $ $0/26&45" N IBC CBOZT KBSEÓ 1L F 1*4 " $ ."35¶ 16+0- N IBC SFGPSNBU UFSSBTTB F 1*4 " $ .&453& /*$0-"6 N IBC QL F 1*4 " 1-"±" 7*-" N F 1*4 " $"-%&30/ %& -" #"3$" N IBC QBUJ F 1-"±" 1, 45" #"3#"3" $ ."3"("-- F 1-"±" 1, 45" #"3#"3" $ ."3"("-- F -0$"- " $ "-'0/4 9** N F -0$"- " ."3*" "69*-*"%03" N F

5 * " / "

1-"±" 1, $ 1"44&*( 7*-&4" F

45 *4$-& %& 7"--"-5" 1"3$&-" N F

5FM

QBH JOEE

727 %DGDORQD

LPPRELOLÁULD

"%.*/*453"%03&4 %& '*/$"4

5*"/"

$ .BS OÞN

%*3&$5& $0/4536$503

4S 1SPQJFUBSJP BMRVJMBNPT TV JONVFCMF TJO HBTUPT QBSB VTUFE (BSBOUJ[BNPT FM DPCSP NFOTVBM 5FOFNPT QJTPT FO BMRVJMFS .6: &$0/».*$04 FO UPEB MB [POB EF #BEBMPOB

+//1$+.+À4+#

&MT NJMMPST JNNPCMFT

1JTPT IBCJUBDJPOT CBOZT CBMDØ QMBDFT EF QËSRVJOH J USBTUFS ®UJD IBCJUBDJPOT CBOZT UFSSBTTB N QMBDFT EF QËSRVJOH J USBTUFS #BJYPT IBCJUBDJPOT CBOZT BTFP KBSEÓ N QMBDFT EF QËSRVJOH J USBTUFS $BMFGBDDJØ J BJSF DPOEJDJPOBU

5FM

6U 3URSLHWDULR 3UHFLVDPRV SLVRV GH DOTXLOHU SDUD GDU VDOLGD D OD JUDQ GHPDQGD GH FOLHQWHV TXH WHQHPRV HQ FDUWHUD VHOHFFLRQDGRV \ VROYHQWHV

7HO ££ ,1)Ð50(6(

1*404 %& --0(6&3 *(/"4* *(-&4*"4 N IBC BTFPT UFSSBTTB BOUJD CPO FTUBU å NFT "7 ."35* 16+0- N IBC CBOZT CBMDØ å NFT 1- &3/&45 --6$) N IBCJUBDJPOT CBOZT UFSSBTTB 0CSB OPWB å NFT 1 $0.1"/:4 N IBC CBOZT UFSSBTTB N 0CSB OPWB å NFT

%&41"5904 * -0$"-4 $0.&3$*"-4 --0(6&3 1&1 7&/563" EFTQBUY EF N UPU FYUFSJPS å NFT 5&.1-& ÞMUJNT EFTQBUYPT SFGPSNBUT B QBSUJS EF N å NFT 4"/5 #36 MPDBM QMBOUB CBJYB EF N HSBO GBÎBOB DUSB .VMUJQMFT VTPT å NFT 5&.1-& MPDBM QM CBJYB TFNJ TØUBO N BQUF SFTUBVSBDJØ å NFT

8QD ILUPD GH SUHVWLJL XXX m ORVFTCFMMBWJTUB DPN

5FM

"WJOHVEB .BSUÓ 1VKPM OÞN S B 727 %DGDORQD

QBH JOEE

$ -B 1BV 5JBOB

LPPRELOLÁULD

5FM

#BEBMPOB t %S 3PCFSU t 0CSB /PWB

7HO

t 1JTPT J IBCJUBDJPOT t CBOZT UJQVT TVJUUF

t " " #PNCB EF DBMPS QFS DPOEVDUFT

t $BMFGBDDJØ B HBT t $VJOFT UPUBMNFOU FRVJQBEFT NPCMFT EF DJSFSFS

J FMFDUSPEPNÒTUJDT 4*&.&/4

t $BSQJOUFSJB FYUFSJPS 17$ QFSTJBOFT BVUPNËUJRVFT t .FOKBEPS 4VQFS (3"%)&3.µ5*$ t 5PUBMNFOU FYUFSJPS J BTTPMFMMBU t "DBCBUT EF RVBMJUBU t (SJGFSJB (SPIF 5FSNPFTUËUJDB t 0QDJØ QBSLJOH J USBTUFS

%FTEF å

5SVDBS QFS DPODFSUBS WJTJUB 5FM

> D :KZ WZ /K н > D :KZ ,/WKd

>KE

ŶƟ ŐƵĂ sĂůĞŶĐŝĂ ͬ ŶĚƌĞƐ ^ĞŐŽǀŝĂ WŝƐŽ ĚĞ ŽĐĂƐŝſŶ͖ ϰ ,ĂďŝƚĂĐŝŽŶĞƐ͕ džƚ͕͘ ĂůĐſŶ Ă ůĂ ĐĂůůĞ͕ ƐĐĞŶƐŽƌ͕ ZĞĨŽƌŵĂĚŽ͕ DƵLJ ďŝĞŶ ĐŽŵƵŶŝĐĂĚŽ͘ &ƌĞŶƚĞ ĨƵƚƵƌŽ ƉĂƌƋƵĞ͘ ͞ y > Ed KWKZdhE/ KDWZ ͟

KDWZ >K͊​͊​͊ ^ŽůŽ ϲϰϱ ƵƌŽƐ͘

B SB R V F N B J T J O P I J F U T O P F Y J T U FJ Y F T

QBH JOEE

ϵϯ ϱϭϳ ϵϵ ϳϳ

727 %DGDORQD

W/^K^ ϰ , /d /KE ^ ϭϭϱŵϮ

ϰϭϯ Ͳ ϭϭϱ ŵϸ͕ ϰ ŚĂď͕ ƐĂůſŶ ϮϮ ŵϸ͕ Ϯ ďĂŹŽƐ͕ ƚĞƌƌĂnjĂ ŝŶƚĞƌŝŽƌ ϭϲ ŵϸ͕ ĂͲŐͲů ϳϱϬ ΦͬŵĞƐ ϯϮϭ Ͳ ϭϭϱ ŵϸ͕ ϰ ŚĂď͕ ƐĂůſŶ Ϯϱ ŵϸ͕ Ϯ ďĂŹŽƐ͕ ĐŽĐŝŶĂ ϭϭ ŵϸ͕ ƚŽĚŽ ĞdžƚĞƌŝŽƌ͕ ĂͲŐͲů ϳϱϬ ΦͬŵĞƐ

LPPRELOLÁULD

W/^K^ E >Yh/> Z ͼ 'KZ' ʹ D '/ E

Ͳ DƵĐŚĂ ůƵnj͘ 'ƌĂŶĚĞƐ ƚĞƌƌĂnjĂƐ LJ ďĂůĐŽŶĞƐ͘ Ͳ ĂŹŽƐ ĐŽŵƉůĞƚĂŵĞŶƚĞ ĞƋƵŝƉĂĚŽƐ͘ Ͳ ĂůĚĞƌĂ Ͳ ĐĂůĞĨĂĐĐŝſŶ Ă ŐĂƐ͘ Ͳ WƵĞƌƚĂ ĞŶƚƌĂĚĂ ďůŝŶĚĂĚĂ͘ Ͳ ƌŵĂƌŝŽƐ ĞŵƉŽƚƌĂĚŽƐ͘ Ͳ /ŶƐƚĂůĂĐŝſŶ ĐŽůĞĐƟ ǀĂ ĚĞ ĂŶƚĞŶĂ ƌĂĚŝŽ LJ d͘s͘ Ͳ WŽƌƚĞƌŽ ĂƵƚŽŵĄƟ ĐŽ͘ ƐĐĞŶƐŽƌ͘ Ͳ WĂƌƋƵŝŶŐ ŽƉĐŝŽŶĂů ĂĐĐĞƐŝďůĞ ĚŝƌĞĐƚĂŵĞŶƚĞ Ăů ƉŝƐŽ ƉŽƌ ĂƐĐĞŶƐŽƌ͘ Ͳ ŵƉůŝĂƐ ĐŽĐŝŶĂƐ ĐŽŶ ĞŶĐŝŵĞƌĂ͕ ŚŽƌŶŽ͕ ĐĂŵƉĂŶĂ ĞdžƚƌĂĐƚŽƌĂ͕ ĂƌŵĂƌŝŽƐ͘​͘​͘​͘ ;'ĂƌĂŶơ ĂƐ͗ ƐĞ ǀĂůŽƌĂƌĄŶ ŝŶĨŽƌŵĞƐ LJ ƌĞĨĞƌĞŶĐŝĂƐͿ

ϲϰϱ ϴϰ ϰϱ ϮϬ ͮ ǁǁǁ͘ŐƉǀ͘ĞƐ

$ 4BOU "ESJË GSFOUF NFSDBEP Z GVUVSB - NFUSP N IBC CB×P DPDJOB DPNFEPS FS QJTP DPO HBMFSJB JOUFSJPS

å NFT

$)"-&54 %& $"5"-6/:" 4 - 5MG ZZZ FKDOHWVGHFDWDOXQ\D FRP

££&$6$6 2%5$ 18(9$ D .P &DPSR *ROI 6DQW (VWHYH GH 6HVURYLUHV

&$6$6 $ 9,(1726 2%5$ 9,67$ P 3$5&(/$ +$% VXLWWH %$f26 3$5.,1* 35,9$'2 )5(17( ) ) & & $ 0,1 %&1 ,QIyUPHVH VLQ FRPSURPLVR

727 %DGDORQD

QBH JOEE

3,6$=2 (1 %$'$/21$

2%5$ 18(9$ $ PLQ 3(3 9(1785$

),1&$ (648,1(5$ 2%5$ 9,67$ &21 $6&(1625 72'2 (;7(5,25 0 %$/&Ï1 +$% '2%/(6

3$5.,1* ,1&/8,'2

'Ò3/(; (;7(5,25(6 2%5$ 9,67$ +$% %$f26 3$5.,1* 35,9$'2 3$7,2 0ð 7=$6 25,(17 0$5 62/2 9(&,126

``*%&"- 103 13&$*0 35(*817( 6,1 &203520,62

Ò1,&2 (1 /$ =21$

7 * 7 * & / %" 4 % & 0 # 3 " / 6 & 7" % & $ " - * %" % " 1 3 & $ * 0 % & $ 0 4 5 & $ 0 / 4 Á -5 & / 0 4 &O #BEBMPOB Z PUSBT QPCMBDJPOFT

LPPRELOLร ULD

+OOQDKNKCTKU

$0/46-5*/( Z (&45*ยป/ */5&(3"- 4 -

%QORTC 8GPFC

1SFTJEFOU $PNQBOZT ย ย #BEBMPOB 'BY

7&/5" $"4" &/ $&/530 SF $BMMF EF MB NFSร F DBTB QFRVFร B EF QMBOUBT QBSB SFGPSNBS QSFDJP 1 U B T รฅ X X X NFUSPTDVBESBEPT OFU 5&-

0 1 0 3 5 6 / * %" % 6 / * $ " 7&/5" 0#3" /6&7" &/ -" .03&3" $ (BMJDJB DPO QPTJCJMJEBE EF $".#*0 QPS TV WJWJFOEB BDUVBM 1JTPT EF IBC Z CBร PT DPNQMFUPT 1SFDJPT BMSFEFEPS EF รฅ 1BSLJOH PQDJPOBM --ยซ."/04

%61-&9 &/ 1-"/5" #"+" SFG ;POB QSPHSFT N IBCJUBDJPOFT CBร PT BTFP DPNFEPS DPDJOB QBUJP EF N PCSB TFNJOVFWB 1SFDJP รฅ QUBT

XXX NFUSPTDVBESBEPT OFU 5&-

$"4" &/ 7&/5" 5*"/" $&/530 16&#-0 SFG 3FGPSNBEB DPO BTDFOTPS IBCJUBDJPOFT EPT CBร PT BTFP CVIBSEJMMB MBWBEFSP HBSBKF QBSB EPT DPDIFT [ P O B D P N V O J U B S J B D P O QJTDJOB 13&$*0 รฅ 1UBT XXX NFUSPTDVBESBEPT OFU 5&-

+PSHF 'JMFMMB .BT

"5&/$*ยป/ 1301*&5"3*04 $0.13".04 46 1*40 %& )"45" &6304 1"(0 "- $0/5"%0

-0$"-&4 : /"7&4 &/ 7&/5" : "-26*-&3 /"7& &/ 7&/5" -"4 '3"/26&4"4 %&- 7"--ยต4 . &/ %04 1-"/5"4 %& . $"%" 6/0 1"5*0 %& . &6304 /"7& &/ 7&/5" #"%"-0/" $ $03%&34 . . 1-"/5" #"+" "-5*--0 50%04 -04 46.*/*45304 &6304 &/ 7&/5" -0$"- &/ 4 "%3*ยซ/ . &/53"%" %& $0$)&4 รฅ &/ 7&/5" #"%"-0/" 3*&3" ."5".0304 -0$"- 0 7*7*&/%" 16&35" .54 "-."$ยฒ/ .54 : -"7"#0 .&4 &/ "-26*-&3 /"7& */%6453*"- -&4 '3"/26&4&4 %&- 7"--ยต4 . &/ 1-"/ 5" #"+" . &/ 1-"/5" 461&3*03 (3"/ 1"5*0 %& . & .&4 &/ "-26*-&3 -0$"- &/ #"%"-0/" $ 4"/ 4"-7"%03 %&45*/"%0 " 0'*$*/"4 $0/46-503*0 .ยฒ%*$0 %&41"$)04 %& &--04 . รฅ .&4 &/ "-26*-&3 -0$"- &/ #"%"-0/" $ 4"/ 4"-7"%03 %&45*/"%0 " 0'*$*/"4 $0/46-503*0 .ยฒ%*$0 %&41"$)04 . รฅ .&4 &/ "-26*-&3 #"%"-0/" -0$"- $ *#&3*" . #"ยบ0 รฅ .&4 &/ "-26*-&3 -0$"- &/ #"%"-0/" $ +0)/ -&//0/ . #"ยบ0 &95&3*03 รฅ .&4 #"3 3&45"63"/5 &/ 53"41"40 .0/5("5 /"$*0/"- ** . %*453*#6*%04 $0.&%03 #"3" $0$*/" "-."$ยฒ/ : -"7"#0 %0#-& 50%04 -04 46.*/*4 5304 &/ 1&3'&$50 &45"%0 $0/53"50 %& "ยบ04 0 .ยซ4 "-26*-&3 รฅ .&4 53"41"40 &6304 /&(0$*"#-&4 1-&/0 3&/%*.*&/50

1*404 &/ 7&/5" : "-26*-&3 &/ "-26*-&3 -" 4"-65 )"#*5"$*0/&4 #"ยบ0 1"3" &/53"3 " 7*7*3 "- 26*-&3 &6304 "- .&4 &/ "-26*-&3 1*40 1&1 7&/563" )"# #"ยบ0 $0$*/" &6304 "- .&4 &/ "-26*-&3 1*40 45" $0-0." )"# #"ยบ0 $0$*/" &6304 "- .&4 &/ 7&/5" 1*40 $ +07&--"3 #"%"-0/" )"#*5"$*0/&4 $0.&%03 %& . $0/ 1"326&5 $0$*/" #"ยบ0 : 5&33";" 1"3" &/53"3 " 7*7*3

$"4" $ 30(&3 %& '-03 3&' $BTB EF EPT QMBOUBT N DPO Tร UBOP EF N Z QBUJP EF N BDUVBMNFOUF EPT WJ WJFOEBT OFDFTJUB SFGPSNBT 1SFDJP รฅ 1UBT XXX NFUSPTDVBESBEPT OFU 5&-

&/ 7&/5" 1*40 &/ $ 4"/ #36 #"%"-0/" )"# #"ยบ04 50%0 3&' $"-&' 1"3,&5 5&33";" %& .54 7&/5"/"4 %& "-6.*/*0 -"7"%&30 ;0/" $0 .6/ "+"3%*/"%" 53"45&304 1-";" %& 1"3,*/( 01$ &6304

1&1 7&/563" 3FG o QJTP IBCJUBDJPOFT BOUFT SFGPSNBEP BTDFOTPS BBDD BM MBEP NFUSP BNVFCMBEP รฅ 5&-

1*40 &/ 7&/5" -" 4"-65 $ .*(6&- 13"54 . )"#*5"$*0/&4 : 6/ #"ยบ0 $0$*/" $0/ ("-&3*" #0.#" %& "*3& '3ยถ0 : $"-03 /0 5*&/& "4$&/403 13&$*0 &6304

$&/530 3FG QJTP IBCJUBDJPOFT N UPEP FYUFSJPS SFGPSNBEP BTDFOTPS CBMDร O BBDD CBร P Z BTFP รฅ ``0QPSUVOJEBE 5&-

QBH JOEE

&/ 7&/5" 1*40 &/ #"%"-0/" $ 4"/5" ."3*" )"#*5"$*0/&4 . /0 5*& /& "4$&/403 ย 1*40 &6304 7&/5" 1*40 #6'"-" )"# #"ยบ0 $0$*/" /6&7" . &6304 &/ 7&/5" 1*40 4"/50 $3*450 )"# #"ยบ0 . &6304 &/ 7&/5" 1*40 &/ #"3$&-0/" $ #"-.&4 )"#*5"$*0/&4 #"ยบ0 $0$*/" ("-&3*" $6#*&35" . &6304

&/ 7&/5" $"4" $ .63*--0 #"%"-0/" 1-"/5"4 #"ยบ0 $0.1-&504 4" -ยป/ $0.&%03 $0$*/" )"# 4ยป5"/0 $0/ 1"5*0 +"10/ยฒ4 : %*ยซ'"/0 5&33";" 1&/%*&/5& 5&3.*/"3 &6304 $"4" &/ 7&/5" $".ยถ %h"-&--" 1-"/5"4 . )"#*5"#-&4 : . 4*/ )"#*5"3 ย 1-"/5" #"ยบ04 $0.1- 4"-ยป/ $0.&%03 $0$*/"4 )"# (0-'"4 ("3"+& 1"3" $0$)&4 &426*/&3" +"3%ยถ/ . : 0530 %& .

5&33";"4 %& . &6304

$0/46-5"3 13&$*04

727 %DGDORQD

&91&3504 */.0#*-*"3*04

)UDQFHVF /D\UHW %$'$/21$ 3,626 (1 $/48,/(5 5HI $ //25('$ 3LVR P KDE DLUH DFRQG VHPLDPXHEODGR DVFHQVRU H[WHULRU ½ 5HI $ /$ 6$/87 3LVR P DPXHEODGR ¿ QFD REUD QXHYD DVFHQVRU FDOHIDFFLyQ ½ 5HI $ 0217,*$/­ 3LVR P KDE DPXHEODGR DLUH DFRQG ½ 5HI $ %8)$/­ 7RWDOPHQWH UHIRUPDGR D HVWUHQDU KDE SDUNHW FDOHI *DVWRV LQFO ½ 5HI $ 025(5$ P KDE DVFHQVRU SDUNHW 7RGR LQFOXLGR ½ 5HI $ 3(3 9(1785$ KDE WHUUD]D DPXHEODGR 7RGR LQFOXLGR ½ 5HI $ 3(3 9(1785$ KDE PX\ VROHDGR $OWR \ DVFHQVRU 3UHFLRVR 7RGR LQFOXLGR ½ 5HI $ 672 &5,672 KDE WRGR UHIRUP EDxR SUHFLRVR *UDQ VDOyQ 7RGR LQFOXLGR ½ 5HI $ 3(3 9(1785$ 7RGR UHIRUPDGR KDE ]RQD PX\ FRPHUFLDO ½ 5HI $ &(1752 P KDE EDxRV H[WHULRU EDOFyQ \ DVFHQVRU 3iUTXLQJ RSFLRQDO ½ JDVWRV 5HI $ &(1752 & 35,0 5HIRUPDGR DPXHEODGR KDE H[WHULRU FRQ EDOFyQ ½ 5HI $ &(1752 )5$1&(6& /$<5(7 KDE UHIRUPDGR DPXHEODGR ¿ QFD GRV YHFLQRV H[WHULRU ½ JDVWRV LQFOXLGRV

7&/5" 1*40 4&.*/6&70 3&' %BMU EF MB 7JMB IBCJUBDJPOFT DBMFGBDDJØO "" 1BSRVFU BTDFOTPS CB×PT 13&$*0 å 15"4 XXX NFUSPTDVBESBEPT OFU 5&-

7HOV

«5*$0 &/ 7&/5" $0-- : 16+0- SFG 1JTP EF USFT IBCJUBDJPOFT DPDJOB CB×P Z UFSSB[B EF NFUSPT DPO BTDFOTPS QSFDJP å XXX NFUSPTDVBESBEPT OFU 5&-

(VJGSÏ #"%"-0/"

/6&7" 130.0$*»/ $&3$" %& 1&1 7&/563" : 1-";" "-$"-%& 9*'3& QJTPT EF Z IBCJUBDJPOFT DPO UFSSB[BT Z QBUJPT DPO QMB[BT EF QL : USBTUFSPT FO MB NJTNB GJODB QSFDJPT EFTEF å XXX NFUSPTDVBESBEPT OFU 5&-

7*7*&/%" %&- "º0 3&' 1JTP EF N DPO UFSSB[B EF N FYUFSJPS IBCJUBDJPOFT EPT CB×PT DBMFGBDDJØO B J S F B D P O E J D J P O B E P BTDFOTPS [POB DPNVOJUBSJB FYDFMFOUFT BDBCBEPT NVZ MVNJOPTP 13&$*0 å 1UBT XXX NFUSPTDVBESBEPT OFU 5&-

XXX QSPNPDBU FT

5F M Ø

1&1 7&/563"

"7 '3"/$&4$ ."$*® 3FG # (SBO QJT EF IBC NFOKBEPS FYU B CBMDØ HSBO BTFP

CBOZ DPNQMFSU B D BNC CPNCB EF DBMPS BTDFOTPS QUFT å

1&1 7&/563" (03( " 1301 010356/*5"5 " 0#3" 4&.*/07" " 1301 (6*9& %&- #0.#&34 1&1 7&/563" '30/5 ."3*5*.

3&4 3FG # 3FG # 1JT 1-± #"%"-0/" 3FG # 1JT 1JT BNQMJ EF IBC N¤ BNC IBC 3FG # 1JT IBC NFOKBEPS BNQMJ NFOKBEPS FYU B NFOKBEPS FYU B IBC NFOKBEPS FYU N¤ CBOZ DPNQMFU CBMDØ DVJOB PGm DF CBMDØ DVJOB J CBOZ DVJOB BNFSJDBOB DVJOB SFG CBOZ FO FO CPO FTUBU UFSSB[P SFGPSNBEB CBOZ QBSRVFU BMVNJOJ CPO FTUBU DBMFG J BSSFHMBU QJT BMU BNC FNCFSP BMVNJOJ J DBMFGBDDJØ UPU OPV B D QJT BNC NPMUB BMUFMMT 'JODB BNC BTDFOTPS 1FS FOUSBS 1, J USBTUFS PQD MMVN JEFBM QBSFMMFT B WJVSF BTDFOTPS 1UFT .QUFT QUFT QUFT å

å

å

å

727 %DGDORQD

QBH JOEE

$&/53& .&3 $"5 503/&3 3FG # 'JODB E FTUJM BOUJD BNC IBC DVJOB SFGPSNBEB CBOZ DPOTFSWBU NFOKBEPS FYU B CBMDØ B D QBSRVFU BMVNJOJ CBMDPOT *EFBM QFS [POB QUFT å

1&1 7&/563" 130(3²4 3FG # #BJYPT BNC FOUSBEB JOEFQFOEFOU EF IBC EPCMFT

NFOKBEPS FYU DVJOB J CBOZ DPOTFSWBUT QJT E FTUJM BOUJD BNC TPTUSFT BMUT *EFBM QBSFMMFT 1UFT å

.03&3" " 1301 "7 13"5 %& -" 3*#" 3FG # 1JT EF IBC NFOKBEPS FYU B CBMDØ DVJOB SFGPSNBEB CBOZ SFGPSNBU B D J DBMFGBDDJØ BMUFMMT UPU SFGPSNBU *EFBM QBSFMMFT QUFT å

1&1 7&/563" o 130(3²4 3FG # 1JT EF N¤ BNC IBC FYU CBOZT DPNQMFSUT DVJOB BNFSJDBOB NFO KBEPS FYU B CBMDØ QJT DPNQMFUBNFOU SFGPSNBU EF EJ TFOZ .QUFT å

LPPRELOLÁULD

7&/5" 1*40 1&1 7&/563" 3&' «UJDP SFGPSNBEP VOB IBCJUBDJØO BOUFT CB×P DPDJOB DPNFEPS MBWBEFSP EPT UFSSB[BT EF Z N TVFMPT EF 1BSLFU DBMFGBDDJØO "" 4JO BTDFOTPS 13&$*0 å 1UBT

XXX NFUSPTDVBESBEPT OFU 5&-

--03&%" 3FG QJTP IBCJUBDJPOFT N BTDFOTPS CBMDØO UPEP FYUFSJPS å 5&-

010356/*5"5 $"4" " 1&1 7&/563" 3FG # $BTB BNC UFSSFOZ EF N¤ J GBÎBOB EF N QBUJ EF N¤ J UFSSBTTTB EF N¤ PSJFOUBDJØ NBS J NVOUBOZB UÏ TPM UPU FM EJB &T QPU FEJGJDBS 1#

(0-'&4 .

1UFT å 5&-4

FODVVLILFDWV

&ODVVLILFDWV

$PN JOTFSUBS VO BOVODJ DMBTTJmDBU r " MFT OPTUSFT PmDJOFT $ -MFØ FS B #BEBMPOB r 5FM r

+OOQDKNKCTKU %QORTC 8GPFC 7&/5" $"4" &/ $&/530 SF $BMMF EF MB NFSÎF DBTB QFRVF×B EF QMBOUBT QBSB SFGPSNBS QSFDJP 1 U B T å X X X NFUSPTDVBESBEPT OFU 5&-

0 1 0 3 5 6 / * %" % 6 / * $ " 7&/5" 0#3" /6&7" &/ -" .03&3" $ (BMJDJB DPO QPTJCJMJEBE EF $".#*0 QPS TV WJWJFOEB BDUVBM 1JTPT EF IBC Z CB×PT DPNQMFUPT 1SFDJPT BMSFEFEPS EF å 1BSLJOH PQDJPOBM --«."/04

%61-&9 &/ 1-"/5" #"+" SFG ;POB QSPHSFT N IBCJUBDJPOFT CB×PT BTFP DPNFEPS DPDJOB QBUJP EF N PCSB TFNJOVFWB 1SFDJP å QUBT

XXX NFUSPTDVBESBEPT OFU 5&-

$"4" &/ 7&/5" 5*"/" $&/530 16&#-0 SFG 3FGPSNBEB DPO BTDFOTPS IBCJUBDJPOFT EPT CB×PT BTFP CVIBSEJMMB MBWBEFSP HBSBKF QBSB EPT DPDIFT [ P O B D P N V O J U B S J B D P O QJTDJOB 13&$*0 å 1UBT XXX NFUSPTDVBESBEPT OFU 5&-

$"4" $ 30(&3 %& '-03 3&' $BTB EF EPT QMBOUBT N DPO TØUBOP EF N Z QBUJP EF N BDUVBMNFOUF EPT WJ WJFOEBT OFDFTJUB SFGPSNBT 1SFDJP å 1UBT XXX NFUSPTDVBESBEPT OFU 5&-

1&1 7&/563" 3FG o QJTP IBCJUBDJPOFT BOUFT SFGPSNBEP BTDFOTPS BBDD BM MBEP NFUSP BNVFCMBEP å 5&-

&$0/0.*$4 /PVT JOEE

7&/5" 1*40 1&1 7&/563" 3&' «UJDP SFGPSNBEP VOB IBCJUBDJØO BOUFT CB×P DPDJOB DPNFEPS MBWBEFSP EPT UFSSB[BT EF Z N TVFMPT EF 1BSLFU DBMFGBDDJØO "" 4JO BTDFOTPS 13&$*0 å 1UBT

XXX NFUSPTDVBESBEPT OFU 5&-

--03&%" 3FG QJTP IBCJUBDJPOFT N BTDFOTPS CBMDØO UPEP FYUFSJPS å 5&-

010356/*5"5 $"4" " 1&1 7&/563" 3FG # $BTB BNC UFSSFOZ EF N¤ J GBÎBOB EF N QBUJ EF N¤ J UFSSBTTTB EF N¤ PSJFOUBDJØ NBS J NVOUBOZB UÏ TPM UPU FM EJB &T QPU FEJGJDBS 1#

(0-'&4 .

1UFT å 5&-4

7&/5" 1*40 4&.*/6&70 3&' %BMU EF MB 7JMB IBCJUBDJPOFT DBMFGBDDJØO "" 1BSRVFU BTDFOTPS CB×PT 13&$*0 å 15"4 XXX NFUSPTDVBESBEPT OFU 5&-

$"4" " 1&1 7&/563" 4"-&4*"/4 3FG # $BTB EF N FO 1# 1BUJ N HBSBUHF 1PTTJCJMJUBU E F G F S E V F T W J W F O E F T JOEFQFOEFOUT 1SFV .QUT å 010356/*5"5 6/*$" 4 "$$&15" &- 4&6 1*4 % &/53"%" 5&-4

/6&7" 130.0$*»/ $&3$" %& 1&1 7&/563" : 1-";" "-$"-%& 9*'3& QJTPT EF Z IBCJUBDJPOFT DPO UFSSB[BT Z QBUJPT DPO QMB[BT EF QL : USBTUFSPT FO MB NJTNB GJODB QSFDJPT EFTEF å XXX NFUSPTDVBESBEPT OFU 5&-

#"-%0.&30 40-® 3".#- 4"/5 +0"/ 3FG # 1JT EF IBC NFOKBEPS FYU B CBMDØ DVJOB Z CBOZ SFGPSNBUT QPSUFT EF SPVSF B D BNC CPNCB DBMPS JOTUBMtMBDJPOT OPWFT BTDFOTPS .QUFT å 5&-4

«5*$0 &/ 7&/5" $0-- : 16+0- SFG 1JTP EF USFT IBCJUBDJPOFT DPDJOB CB×P Z UFSSB[B EF NFUSPT DPO BTDFOTPS QSFDJP å XXX NFUSPTDVBESBEPT OFU 5&-

$"4" $"4"(&.&4 ;0/" $ 13*. 3FG # 1#

1*4 (0-'&4 1"5* %& N¤ UFSSBTTB EF N¤ IBC CBOZ BTFP J DVJOB E PSJHFO UÏ N¤ DPOTUSVÕUT $BTB BNC NPMUB MMVN .QUF T å 5&-4

7*7*&/%" %&- "º0 3&' 1JTP EF N DPO UFSSB[B EF N FYUFSJPS IBCJUBDJPOFT EPT CB×PT DBMFGBDDJØO B J S F B D P O E J D J P O B E P BTDFOTPS [POB DPNVOJUBSJB FYDFMFOUFT BDBCBEPT NVZ MVNJOPTP 13&$*0 å 1UBT XXX NFUSPTDVBESBEPT OFU 5&-

0 1 0 3 5 6 / * 5"5 " 1 - ± #"%"-0/" " 1301 $ $"/*(¾ 3FG # 1JT EF IBC NFOKBEPS FYU DVJOB BSSFHMBEB CBOZ FO CPO FTUBU DBMFGBDDJØ J B D QJT BNC NPMUB MMVN PSJFOUBDJØ #BSDFMPOB *EFBM QFS QBSFMMFT .QUFT å

5&-4

$&/530 3FG QJTP IBCJUBDJPOFT N UPEP FYUFSJPS SFGPSNBEP BTDFOTPS CBMDØO BBDD CB×P Z BTFP å ``0QPSUVOJEBE 5&-

727 %DGDORQD

5SFCBMM

.PUPS

7BSJT

"NJTUBUT

$MBTTFT

FODVVLILFDWV

*NNPCJMJBSJT

$PN JOTFSUBS VO BOVODJ DMBTTJmDBU r " USBWÏT E *OUFSOFU *OTFSFJYJ FM TFVT BOVODJT B USBWÏT EF MB OPTUSB XFC XXX FMUPUEJHJUBM DPN

1*4 *%&"- 1&3 1"3&--&4 " #6'"-® %$ 30#&35 3FG # 1JT BNQMJ EF IBC NFOKBEPS FYU CBOZ J DVJOB SFGPSNBUT QJT FYUFSJPS J BNC NPMUB MMVN .QUFT å 7JOB B WFVSF M 5&-4

1-";" %& 1"3,*/( &/ 7 & / 5" 5 0 3 3 & / 5 % & #"5--03*" 5JFOF BTDFOTPS 1MB[BT P .FEJEBT Y 1SFDJP å 5&- 1"53* 1-";" %& 1"3,*/( &/ 7 & / 5" 0 " - 2 6 * - & 3 5033&/5 %& #"5--03*" 5JFOF BTDFOTPS 1MB[BT QMBOUB QSJNFSB .FEJEBT Y 1SFDJP WFOUB å 1SFDJP BMRVJMFS å 5&- 1"53* 4& 7&/%&/ 1-";"4 %& 1"3,*/( */%&1&/%*&/5&4 5033&/5 %& #"5--03*" " QJF EF DBMMF 'ÈDJM BDDFTP 5JFOF BTDFOTPS .FEJEBT Y 1SFDJP å 5&- 1"53*

0 $ " 4 * » / 1 * 4 0 50 % 0 3 & ' 0 3 . " % 0 1 * 4 0 & / 7&/5" &/ $ -*4;5 1JTP EF N BMUVSB SFBM )BCJUBDJPOFT DPDJOB Z CB×P SFGPSNBEPT DBSQJOUFSÓB EF BMVNJOJP DPO NPTRVJUFSBT SFKBT UFSSB[B Z HBMFSÓB 1VFSUBT Z TVFMP DPOTFSWBEPT 1SFDJP å 5&- 1"53* «5*$0 &/ 7&/5" &/ $ .*-" * '0/5"/"-4 45" $0-0." (3"."/&5

. IBCJUBDJPOFT TBMØO DPNFEPS EF N¤ DPDJOB Z CB×P DPNQMFUP SFGPSNBEPT BEFNÈT EF UFSSB[B EF N¤ $BSQJOUFSÓB EF BMVNJOJP QVFSUBT SPCMF TVFMP EF HSFT "JSF BDPOEJDJPOBEP GSÓP Z DBMPS 4PMFBEP 1SFDJP å 5&- 1"53* 727 %DGDORQD

&$0/0.*$4 /PVT JOEE

%Á1-&9 &/ 7&/5" ;0/" "-$".10 45 "%3*" .¤ 'JODB OVFWB EF UBO TPMP WFDJOPT IBCJUBDJPOFT CB×P DPNQMFUP Z BTFP EPT CBMDPOFT Z HSBO UFSSB[B DBMFGBDDJØO 1SFDJP &VSPT 5&- 1"53* 1*40 &/ 7&/5" o +0$4 '-03"-4 #"%"-0/" .¤ 'JODB DPO BTDFOTPS IBCJUBDJPOFT TBMØO TPMFBEP DPO CBMDØO DPDJOB Z CB×P EF DVBUSP QJF[BT SFGPSNBEPT TVFMP EF QBSLFU DBMFGBDDJØO Z BJSF BDPOEJDJPOBEP 1SFDJP WFOUB å 5&- 1"53* 0$"4*»/ 1-"/5" #"+" &/ 7&/5" ;0/" 450 $3*450 . IBCJUBDJPOFT EPCMFT DPDJOB Z CB×P SFGPSNBEPT XD Z EVDIB JOEFQFOEJFOUF

BEFNÈT EF HBMFSÓB $BSQJOUFSÓB EF BMVNJOJP QVFSUBT TBQFMZ TVFMP EF HSFT 4PMFBEP -JTUB QBSB FOUSBS B WJWJS 1SFDJP å /FHPDJBCMFT 5&- 1"53* 0 $ " 4 * » / 1 * 4 0 50 % 0 3&'03."%0 1*40 &/ 7&/5" 450 $3*450 1JTP EF N¤ BTDFOTPS TPMFBEP Z UPEP SFGPSNBEP IBCJUBDJPOFT QBSLFU Z QVFSUBT EF IBZB DBSQJOUFSJB EF BMVNJOJP CMBODB HBT OBUVSBM Z CBMDPO "MUJMMP FO QBTJMMP 'BDIBEB SFGPSNBEB 1SFDJP å 5&- 1"53* 1 * 4 0 & / 7 & / 5" o ; 0 / " 1"#&--0/ %& +07&/565 .¤ 'JODB DPO BTDFOTPS Z NVZ MVNJOPTP UPEP FYUFSJPS

IBCJUBDJPOFT EPCMF BTFP Z CB×P DPO DVBUSP QJF[BT DPDJOB SFGPSNBEB DPO HBMFSÓB CBMDØO FYUFSJPS BSNBSJPT FNQPUSBEPT FO QBTJMMP DBMFGBDDJØO DBSQJOUFSÓB EF BMVNJOJP DPO DSJTUBM EPCMF Z TVFMP UFSSB[P ;POB DPNVOJUBSJB Z GJODB UPUBMNFOUF SFIBCJMJUBEB 1SFDJP WFOUB å /FHPDJBCMFT 5&- 1"53*

+50 ."3*45"4 *(/"$*0 *(-&4*"4 QMB[BT EF QBSLJOH KVOUBT QPS å (BOHB 5&-

FODVVLILFDWV

$"4" &/ 7&/5" 0 "-26*-&3 & / $ " - - & . * ( + 0 3 / #"%"-0/" EF NUST 5SFT IBCJUBDJPOFT Z VOB CVIBSEJMMB TBMØO DPNFEPS EPT CB×PT NÈT VO BTFP DPDJOB KBSEÓO HBSBKF QBSB EPT DPDIFT USBTUFSP EPT UFSSB[BT QBSB FOUSBS B WJWJS 1SFDJP WFOUB å 1SFDJP BMRVJMFS å 5&- 1"53*

-0$"- &/ 7&/5" &/ $ 26&7&%0 CBSSJP -B 4BMVE

EF N EJÈGBOP DPO WBEP 5&-

+OOQDKNKCTKU

7&/%0 1*40 4 .03* N SFGPSNBEP NVZ CVFO FTUBEP 5&- 1*40 &/ 7&/5"o ;0/" $0-- * 16+0- .¤ 'JODB DPO BTDFOTPS IBCJUBDJPOFT EPCMF CB×P EF PSJHFO DPDJOB SFGPSNBEB CBMDØO FYUFSJPS DFSSBEP DPO DBSQJOUFSÓB EF BMVNJOJP QVFSUBT EF PSJHFO " " DPO CPNCB EF DBMPS DBSQJOUFSÓB EF BMVNJOJP Z TVFMP HSFT (BT DJVEBE 1SFDJP WFOUB å 5&- 1"53* $"4" &/ 7&/5" 0 "-26*-&3 & / 4 " / 5 $ & # 3 * ® % & 7"--"-5" EF B×PT EF BOUJHàFEBE EF NUST $POTUSVJEPT NÈT NUST %F KBSEÓO Z NUST %F UFSSFOP )BCJUBDJPOFT CB×PT UFSSB[B QBMB[B HBSBKF USBTUFSP DBMFGBDDJØO CVFO FTUBEP 1SFDJP BMRVJMFS å .FT 1SFDJP WFOUB å 5&- 1"53* 1*40 &/ 7&/5" &/ --03&%" EF NUST )BCJUBDJPOFT VOB EF FMMBT TVJUF $PDJOB BNQMJB CB×PT UPEP OVFWP 1BSRVFU DBMFGBDDJØO Z BJSF BDPOEJDJPOBEP "TDFOTPS 1SFDJP WFOUB å 5&- 1"53* &4 7&/ 1*4 "- $ #"-%0.&30 40-® %& #"%"-0/" N UPU FYUFSJPS IBCJUBDJPOT CBOZ DVJOB NFOKBEPS CBMDØ USBTUFS BTDFOTPS å QUFT 5&-

&4 7&/ -0'5 %& %*44&/: "- $&/53& %& #"%"-0/" N CBOZ J DVJOB QBSLFU BJSF BDPOEJDJPOBU å QUFT 5&-

&$0/0.*$4 /PVT JOEE

1*40 .0/5*("-® "-26*-&3 N IBCJUBDJPOFT MBWBCPT DPDJOB BNQMJB Z F R V J Q B E B D B M F G B D D J Ø O FYUFSJPS TPMFBEP BTDFOTPS UFSSB[B EF N QJTDJOB DPO DFTQFE DPNVOJUBSJB å NFT 5&-

7 & / % 0 1 * 4 0 # 6 '" - « (VFSBV EF -JPTU N IBC CB×PT B B å 5&- ;0/" $&/530 1"3,*/( &/ 7&/5" 1SFDJP å 5&-

1*40 13&.*® "-26*-&3 N S F G P S N B E P IBCJUBDJPOFT B B Z CPNCB EF DBMPS TPMFBEP TVFMP EF QBSLFU DBSQ *OU "MVN BTDFOTPS BNVFCMBEP NVZ DÏOUSJDP å NFT 5&-

4& 7&/%& $"4" %& . &/ (*30/&--" #FSHB

" QJF TBMJEB EF BVUPQJTUB 0$"4*»/ å */'0

--03&%" 3FG o QJTP IBCJUBDJPOFT N PCSB CB×PT BTDFOTPS DBMFGBDDJØO HBT OBUVSBM BNVFCMBEP DPO FMFDUSPEPNÏTUJDPT QBSLJOH PQDJPOBM å BMRVJMFS DPO PQDJØO EF DPNQSB NFT 5&-

4& 7&/%& 5&33&/0 --"/0 %& . &/ .0/5.&-- 7JMBGSBODB DPO QSPZFDUP EF WJWJFOEB WJTBEP )JQPUFDB EF å NFT */'0 5&-

4& 7&/%& 1*40 . &/ .03&3" IBC CB×PT CBMDPOFT " " DBMFGBDDJØO ;POB DPNVOJUBSJB DPO KBSEÓO QJTDJOB Z QJTUB EF CÈTRVFU 1ËSRVJOH Z USBTUFSP JODMVJEPT å */'0 5&-

/Á.&304 13&.*"%04

" - 2 6 * - & 3 - 0 $ " - $0.&3$*"- SFG $FOUSP KVOUP B MB CJCMJPUFDB Z DPMFHJP B Q U P U J F O E B E F T Q B DI P QSPGFTJPOBM DPOTVMUBT N BOUFT QPEPMPHP 1SFDJP å NFOTVBMFT 8XX .FUSPTDVBESBEPT /FU 5&-

&4 7&/ 7*7&/%" "- $&/53& %& #"%"-0/" N QMBOUB CBJYB NÏT QMBOUFT J UFSSBTTB BNC WJTUFT BM NBS "TDFOTPS QSJWBU *OUFSFTTBUT USVDBSM BM

.FT +VOJP +VMJPh

.NQIWGT

4"-65 #"*9" 3FG o ËUJDP IBCJUBDJØO N UFSSB[B SFGPSNBEP BTDFOTPS BNVFCMBEP DPO FMFDUSPEPNÏTUJDPT å NFT 5&-

.WPGU /CTVGU /KÈTEQNGU ,WGXGU 8KGTPGU VHULH

5ÁDCFQ &QOKPIQ VHULH

727 %DGDORQD

"636. 26"530

$0.130 030 t .ÈYJNB 7BMPSBDJØO t 1BHP &GFDUJWP t 1BTBNPT B EPNJDJMJP QBHBNPT BM NPNFOUP

t 5BMMFS QSPQJP t 0VUMFU EF KPZFSJB

4"/50 $3*450 3FG QJTP IBCJUBDJPOFT BTDFOTPS SFGPSNBEP N DBMFGBDDJØO HBT OBUVSBM Z BB DD å 5&-

FODVVLILFDWV

4*453&--4 3FG o QJTP IBCJUBDJPOFT DPOTFSWBEP QBUJP N BNVFCMBEP DPO FMFDUSPEPNÏTUJDPT å 5&-

5FM

4 5" $ 0 - 0 . " 3 * & 3 " "-5" 3FG QJTP IBCJUBDJPOFT N CBMDØO NVZ MVNJOPTP BNVFCMBEP D P O F M F D U S P E P N Ï T U J D P T SFGPSNBEP WJTUBT BM NBS -PDBM PQDJPOBM N å 5&-

$ "SOÞT ``4J WJFOF DPO #BEBMPOB FM BOVODJP MF EBNPT å NÈT QPS HSBNP

4"-65 #"*9" 3FG QJTP IBCJUBDJPOFT SFGPSNBEP UPEP FYUFSJPS BNVFCMBEP DPO FMFDUSPEPNÏTUJDPT å 5&-

#0/"7*45" 3FG QJTP IBCJUBDJPOFT SFGPSNBEP FYUFSJPS [POB BKBSEJOBEB UFSSB[B BB DD DPO CPNCB EF DBMPS BNVFCMBEP DPO FMFDUSPEPNÏTUJDPT å 5&-

1&1 7&/563" 1JT EF N¤ IBC DVJOB J CBOZ B D BNC CPNCB EF DBMPS NFKBEPS FYU B CBMDØ å NFT UPU JODMÛT

5&-4

4"/5 $3*45 1JT EF N¤ IBC NFOKBEPS HSBO FYU B UFSSBTTB EF N¤ UPU SFGPSNBU å NFT UPU JODMÛT 5&-4

$&/53& 1-"±" #"30 %& ."-%" QJTPT E PCSB OPWB EF IBC NFOKBEPST BNQMJT UFSSBTTFT EF N¤ DVJOBT PGGJDF CBOZT "TDFOTPS å 1L PQDJPOBM å *7" 5&-4

0#3" /07" "- $&/53& 1JT EF IBC HSBO NFOKBEPS EF N¤ DVJOB J CBOZ HSBO CBMDØ B D BNC CPNCB EF DBMPS 1JT OPV å NFT UPU JODMÛT 5&-4

1&1 7&/563" 0#3" /07" 1JT BNC IBC CBOZ DPNQMFU DVJOB JOEFQFOEFOU NFOKBEPS FYU B CBMDØ DBMFGBDDJØ J B D BTDFOTPS å NFT UPU JODMÛT 1JT QL USBTUFS 5&-4

727 %DGDORQD

&$0/0.*$4 /PVT JOEE

#(

87:7=;IJ?;C I9F =;IJ?ãD ?DCE8?B?7H?7

XXX CBEBHFTUJFN DPN JOGP!CBEBHFTUJFN DPN

#"%"-0/" &%*'*$*0 &/ #6'"-® "7 ."35¶ 16+0- $&3$" %&- $&/530 1*404 : %Á1-&9 &/ "-26*-&3 : 01$*»/ $0.13" " 1"35*3 %& å &41&$5"$6-"3 '*/$" %& %*4&º0 "5&/$*»/ 1301*&5"3*04 5&/&.04 (3"/ $"35&3" %& $-*&/5&4 1"3" "-26*-"3 464 1*404 : -0$"-&4 130'&4*0/"-*%"% "#40-65"

0 1 0 3 5 6 / * %" % & 4 % & 1 * 4 0 4 : $" 4 " 4 & / " - 2 6 * - & 3 $&/530 0QDJØO B DPNQSB %FUSÈT EF MB 3BNCMB N IBC 3FGPSNBEP "MRVJMFS DPO PQDJØO DPNQSB å $&/530 " NJO 3FOGF SFGPSNBEP N IBC BTDFOTPS MJOFB NBS 1BSLJOH PQDJPOBM å $&/530 0CSB OVFWB $FSDB 3BNCMB MJOFB EF NBS IBC CBMDPOFT 'JODB WFDJOPT %F EJTF×P å $&/530 "NVFCMBEP N CBMDØO IBC CB×PT $BMFGBDDJØO .VZ CVFO FTUBEP å $&/530 $ 1SJN NJO QMBZB N IBC CB×PT (BTUPT DPNVOJEBE JODMVJEPT å $&/530 N IBC CB×PT 5FSSB[B CBMDØO 4FNJOVFWPT ;POBT BKBSEJOBEBT 1BSLJOH PQDJPOBM å $&/530 %ÞQMFY OVFWP B FTUSFOBS N IBC WFTUJEPS (SBO TBMØO N QBUJP (BSBKF å $&/530 «UJDP FO MB D .BS N DPO UFSSB[B å $&/530 1JTP BNVFCMBEP N UFSSB[B EF N ;POB QSJWBEB DPO QJTDJOB DMJNBUJ[BEB HJNOBTJP $FSDB EF MPT KV[HBEPT 1BSLJOH PQDJPOBM å $&/530 N IBC CB×PT 1MB[B EF QBSLJOH USBTUFSP "QUP QBSB WJWJFOEB Z PGJDJOB å ;0/" 16&350 MJOFB NBS N IBC HSBO UFSSB[B [POB QSJWBEB DPO QJTDJOB Z QBSLJOH å 1&1 7&/563" N IBC (SBO TBMØO QBUJP " NJOVUP EFM NFUSP 3FGPSNBEP 'JODB EF WFDJOPT å 1&1 7&/563" N CBMDØO UFSSB[B IBC CB×PT " NJO NFUSP [POBT BKBSEJOBEBT å #6'"-® 0CSB OVFWB "W .BSUÓ 1VKPM DFSDB EFM DFOUSP N IBC EF EJTF×P å #6'"-® 1MBOUB CBKB EÞQMFY EF N UFSSB[B EF N KBSEJO å .0/5*("-® %ÞQMFY BNVFCMBEP N FO QMBOUBT UFSSB[BT EF N Z N IBC FTUVEJP å "35*("4 " NJO NFUSP "QBSUBNFOUP IBC 4JO BTDFOTPS å -" 4"-6% #"+" "M MBEP BNCVMBUPSJP DFSDB NFUSP N IBCJUBDJPOFT #B×P Z DPDJOB SFGPSNBEP SFDJFO QJOUBEP BJSF BDPOEJDJPOBEP Z BTDFOTPSFT å .0/5("5 "NVFCMBEP MJOFB NBS N IBC CB×PT 5FSSB[B 7JTUBT QBOPSÈNJDBT B NBS Z #$/ å 1&1 7&/563" 0CSB OVFWB N IBC CB×P DPO IJESPNBTBKF B NJO NFUSP å

1 * 4 0 4 : 1" 3 , * / ( 4 & / 7 & / 5" 1"3,*/( -" 1-"/" / 7&/5" (SBO PQPSUVOJEBE 1MB[BT KVOUBT å 5*"/" 0#3" /6&7" $&/530 EFUSÈT EFM BZVOU %VQMFY N IBC FTUVEJP U[B (SBO PQPSUVOJEBE å

$ $PMM J 1VKPM #EO DFOUSP 5FM

FODVVLILFDWV

1 0 . " 3 1 J T E F I B C NFOKBEPS FYU B CBMDØ CBOZ J DVJOB FO CPO FTUBU å NFT UPU JODMÛT 5&-4

1*40 &/ "-26*-&3 &/ -" $"--& +0$4 '-03"-4 %& #"%"-0/" EF NUST )BC .ÈT VO WFTUJEPS #B×P DPDJOB SFGPSNBEB QBSRVFU DBMFGBDDJØO BJSF BDPOEJDJPOBEP WFOUBOBT EF BMVNJOJP "TDFOTPS 1SFDJP BMRVJMFS å NFT 5&- 1"53*

1-± 1&1 7&/563" 1JT EF N¤ BNC IBC NFOKBEPS FYU B CBMDØ CBOZ J DVJOB BSSFHMBUT BTDFOTPS 1FS FOUSBS B WJVSF å NFT UPU JODMÛT 5&-4

7HO 1&1 7&/563" $BTB EF N¤ BNC IBC NFOKBEPS EF N¤ FYU B UFSSBTTB EF N¤ CBOZ SFGPSNBU DVJOB BNFSJDBOB B D BNC CPNCB DBMPS MPDBM EF N¤ 1SFV å NFT UPU JODMÛT 5&-4

#0/"7*45" /"6 */%6453*"- &- --0(6&3 /BV EF N¤ GBÎBOB EF N BMÎBEB EF N JEFBM QFS OFHPDJT JOEVTUSJBMT FOUSBEB QFS USBJMFST å NFT *7" 5&-4

1&1 7&/563" .&3$"5 50 3 / & 3 1 J T E F I B C NFOKBEPS FYU B CBMDØ UPU SFGPSNBU DBMFGBDDJØ B D TFNJ BNPCMBU QFS FOUSBS B WJVSF 1JT BNC NPMUB MMVN å NFT UPU JODMÛT 5&-4

'30/5 ."3¶5*. %ÞQMFY E P C S B T F N J O P W B B N C IBC CBOZ BTFP DVJOB NFOKBEPS FYU B D J DBMFGBDDJØ [P O B D P N V O J U Ë S J B B N C QJTDJOB å UPU JODMÛT 5&-4

1-"±" %& 1"326*/( &/ 7&/5" " #6'"-® " 1301 %& 53"7&44&3" %& 45 +&30/* 1SFV å 5&-4

1" 3 5 * $ 6 - " 3 " - 2 6 * - " 1-";" %& 1"3,*/( &/ 5033&/5 %& #"5--03*" 5JFOF BTDFOTPS .FEJEBT Y 1SFDJP å 5&- 1"53* 1" 3 5 * $ 6 - " 3 " - 2 6 * - " 1-";" %& 1"3,*/( &/ 5033&/5 %& #"5--03*" .FEJEBT 9 N FO QMBOUB 1SFDJP å 5&- 1"53*

" - 2 6 * - & 3 1 - " ; " % & 1"3,*/( .0504 FO DBMMF UPSSFOU EF CBUMMPSJB 1SFDJP å NPUPT 5&- 1"53*

&$0/0.*$4 /PVT JOEE

-0$"- &/ "-26*-&3 &/ #"%"-0/" DBMMF TBOUB CÈSCBSB EF NUST .UST EF OBWF UPUBMNFOUF EJÈGBOB DPO BMUJMMP Z SFTUP PGJDJOBT &OUSBEB QBSB WFIÓDVMPT BMUVSB IBTUB NUST 1VFSUB JOEFQFOEJFOUF FOUSBEB B PGJDJOBT $POTUB EF VO MBWBCP Z VO QBUJP "QUP BMNBDÏO 1SFDJP BMRVJMFS å 5&- 1"53*

1*40 &/ "-26*-&3 $ 4"/ +6"/ %& -" $36; .UST TJO BTDFOTPS )BCJUBDJPOFT DPNFEPS DPO CBMDØO B MB DBMMF $PDJOB MBWBCP HBT OBUVSB MV[ BHVB 1SFDJP å 5&- 1"53* 1" 3 5 * $ 6 - " 3 " - 2 6 * - " 1-";" %& 1"3,*/( $ --&'*" .FEJEBT Y N JEFBM DPDIF QFRVF×P 1SFDJP å BM NFT 5&- 1"53*

1 *4 0 " - 2 6 *- & 3 & / - " $"--& +04$ '-03"-4 FOUMP %F NUST 5JFOF IBCJUBDJPOFT HSBO TBMØO DPNFEPS DPDJOB MBWBCP 1SFDJP BMRVJMFS å 5&- 1"53*

1-";" %& 1"3,*/( &/ "-26*-&3 ;0/" $&/530 &O "W 1SFTJEFOU $PNQBOZT 1SFDJP BMRVJMFS å NFT 5&- 1"53*

/165 '0%4'7#65

57&1-75

4& "-26*-" -0$"- &/ # " % " - 0 / " $ " - - & $&37"/5&4 EF NUST EF TVQFSGJDJF Z BEFNÈT JODMVZF VO QFRVF×P BMNBDÏO BQUP QBSB DVBMRVJFS OFHPDJP 1SFDJP BMRVJMFS å 5&- 1"53*

FKHÌEKN

51.7%+105 2#55#6'/25

1*40 &/ "-26*-&3 &/ $ " - - & $ & 37" / 5 & 4 E F IBCJUBDJPOFT DPNFEPS DPDJOB FRVJQBEB 3FGPSNBEP QFSGFDUP FTUBEP "NVFCMBEP 1SFDJP BMRVJMFS å 5&- 1"53*

1" 3 5 * $ 6 - " 3 " - 2 6 * - " 1-";" %& 1"3,*/( &/ 5033&/5 %& #"5--03*" &O QSJNFSB QMBOUB .FEJEBT Y 1SFDJP å 5&- 1"53*

HÀEKN

4& "-26*-" )"#*5"$*»/ NVZ CJFO DPNVOJDBEB B B DBMFGBDJØO Z UW 5&-

1*40 &/ "-26*-&3 &/ -" $"--& (6*'3² PQDJPOBM PGJDJOBT Z UBNCJÏO WJWJFOEB .UST IBCJUBDJPOFT CB×P DPDJOB UFSSB[B EF NUST 7FOUBOBT BMVNJOJP #VFO FTUBEP EF DPOTFSWBDJØO $POTVMUBS QSFDJP 5&- 1"53*

727 %DGDORQD

FODVVLILFDWV

1*40 &/ "-26*-&3 &/ "7 "-'0/40 9*** DFSDB NFUSP KVBO YYJJJ 1JTP EF NUST " Q S PY J N B E B N F O U F E P T IBCJUBDJPOFT Z VOB QFRVFÃ&#x2014;B $PDJOB Z CBÃ&#x2014;P SFGPSNBEPT BJSF BDPOEJDJPOBEP BTDFOTPS 5JFOF UPEPT MPT TFSWJDJPT 1SFDJP BMRVJMFS Ã¥ 5&- 1"53* 1*40 &/ "-26*-&3 &/ -" $"--& $&37"/5&4 %& #"%"-0/" DFSDB NFUSP QFQ WFOUVSB .US T " Q S P Y J N B E B N F O U F IBCJUBDJPOFT DPDJOB Z CBÃ&#x2014;P FO QFSGFDUBT DPOEJDJPOFT 4BMPO DPNFEPS CBMDÃ&#x2DC;O B MB DBMMF DFSWBOUFT 1SFDJP BMRVJMFS Ã¥ 5&- 1"53* 1-";" 1"3,*/( &/ 7&/5" &/ -" $"--& 4"/ +6"/ %& -" $36; EF CBEBMPOB .FEJEBT Y NUST 1SFDJP WFOUB Ã¥ 5&- 1"53* 1*40 &/ "-26*-&3 $"--& --&'*® %& #"%"-0/" NUST )BCJUBDJPOFT DPNFEPS DPDJOB MBWBEFSP CBMDÃ&#x2DC;O SFGPSNBEP "TDFOTPS 1SFDJP BMRVJMFS Ã¥ 5&- 1"53* 1*40 &/ "-26*-&3 &/ $".* 4"/5 +&30/* %& -" .6353" FO CBEBMPOB EF NUST )BCJUBDJPOFT CBÃ&#x2014;P DPDJOB MBWBEFSP BJSF BDPOEJDJPOBEP DBMFGBDDJÃ&#x2DC;O NVZ MVNJOPTP #JFO DPOTFSWBEP "TDFOTPS 1SFDJP BMRVJMFS Ã¥ 5&- 1"53* " - 2 6 * -0 ) " # * 5" $ * » / %0#-& 1"3" %04 1&340/"4 : 4&/$*--" 4JUVBDJÃ&#x2DC;O JONFKPSBCMF KVOUP .FUSP 1FQ 7FOUVSB 57 *OUFSOFU DBNB EPCMF P MJUFSB 5FSSB[B JOEJWJEVBM DPDJOB DPNFEPS DVBSUPT CBÃ&#x2014;P UFSSB[B DPNVOJUBSJB UPEP WJHJMBEP DPO DÃ&#x2C6;NBSBT FVSPT 5&-

4& "-26*-" )"#*5"$*»/ OVFWB TJUVBEB FO MB TBMVE B DIJDB QSFDJP FDPOÃ&#x2DC;NJDP 5&- 0

"4&403*" $0/5"#-& -"#03"- : '*4$"1*404 &/ "-26*-&3

$ 5&.1-& N IBC EPT CBÃ&#x2014;PT DPDJOB UPEP FYUFSJPS FVSPT 1-;" ."3*/"%" IBC UPEP FYUFSJPS CBÃ&#x2014;P BTFP DBMFG B B UPEP FYUFSJPS WJTUBT BM NBS FVSPT #6'"-« $BTB VOJGBNJMJBS BNVFCMBEB HBSBKF USFT QMBOUBT QBUJP FVSPT "7%" ".&3*$" IBC FYUFSJPS BTDFOTPS FVSPT +6"/ 7"-&3" IBC DPNFEPS DPDJOB HBMFSÃ&#x201C;B CBÃ&#x2014;P FVSPT +6"/ 7"-&3" IBC DPNFEPS DPDJOB HBMFSÃ&#x201C;B CBMDÃ&#x2DC;O BTDFOTPS DPO NVFCMFT FVSPT $ $0-- * 16+0- IBC DPNFEPS CBMDÃ&#x2DC;O DPDJOB HBMFSÃ&#x201C;B CBÃ&#x2014;P DPNQM BTD QBSUF USBTFSB NVDIB DMBSJEBE FVSPT $ '3"/$4$ -":3&5 IBC USBTUFSP DPNFEPS CBÃ&#x2014;P CBMDÃ&#x2DC;O FVSPT $ &%6"3% '-0 IBC DPNFEPS D DIJNFOFB IPHBS CBMDÃ&#x2DC;O CBÃ&#x2014;P DPDJOB HBMFSÃ&#x201C;B BTDFOTPS FYUFSJPS FVSPT #"3$&-0/" $ /"10-&4 IBC DPNFEPS CBMDÃ&#x2DC;O DPDJOB CBÃ&#x2014;P BTDFOTPS FVSPT

1*404 : $"4"4 &/ 7&/5" 5*"/" $ ."5"4 N IBC DPNFEPS CBMDÃ&#x2DC;O DPDJOB DBMFG B B [POB DPNO D QJTDJOB FTQMFOEJEBT WJTUBT UPEP FYU CJFO DPNVOJDBEP QMB[B EF QBSLJOH FVSPT $ 6/*0 $BTB EF N FO USFT QMBOUBT QBUJP OVFWB EF EJTFÃ&#x2014;P FVSPT "7%" ."326&4 %& .0/530*( IBC DPNFEPS CBMDÃ&#x2DC;O DPDJOB HBMFSÃ&#x201C;B CBÃ&#x2014;P BTFP BTDFOTPS FYUFSJPS OFDFTJUB SFGPSNBS FVSPT $ /06 $"4"4 DBTB QMBOUBT HBSBKF TÃ&#x2DC;UBOP UFSSBEP N DBMFG UPEB FYUFSJPS BSSFHMBEB FVSPT #6'"-® QJTP EF IBC DPNFEPS DPO DIJNFOFB CBMDÃ&#x2DC;O UPEP FYUFSJPS BTDFOTPS FVSPT "7% 4 4"-7"%03 QJTP EF IBC BSSFHMBEP FVSPT --&'*® 1JTP BTDFOTPS FYUFSJPS FVSPT 5&.1-0 N TPMP EPT WFDJOPT OFDFTJUB BSSFHMPT FVSPT "7% ".&3*$" IBC NVDIB DMBSJEBE BTDFOTPS FVSPT $ (&/&3"- 8&:-&3 N IBC DPNFEPS DPDJOB DBMFGBDDJÃ&#x2DC;O BJSF BDPOEJDJPOBEP BSSFHMBEP CBMDÃ&#x2DC;O FYUFSJPS NVDIB DMBSJEBE QMB[B EF QBSLJOH FVSPT

-0$"-&4 &/ 7&/5" : "-26*-&3 $ '3"/$&4$ -":3&5 MPDBMFT FO QJTP EFTEF N B N EFTEF FVSPT B FVSPT $ #"-%0.&30 40-« TÃ&#x2DC;UBOP EF N BTFP FVSPT $ 4"/5" ."3*" N EJTUSJCVJEP FO WBSJBT FTUBODJBT FVSPT $ .0/54&33"5 N 7&/5" FVSPT .0/54&33"5 N FVSPT "7%" "-'0/40 9*** N EJÃ&#x2C6;GBOP FYUFSJPS FVSPT

7"3*04 -0$"-&4 : 1"3,*/( &/ 7&/5" : "-26*-&3

4& "-26*-" 6/" $"4" &/ -" $0/3&3*" IBCJUBDJPOFT DVBSUP EF CBÃ&#x2014;P DPNQMFUP DPNFEPS DPDJOB Ã¥ NFT 5&-

727 %DGDORQD

&$0/0.*$4 /PVT JOEE

%626& "#0("%04

i53".*5".04 )&3&/$*" $0/5"#*-*%"% /0.*/"4 %&$-"3"$*0/&4 %& 3&/5"w '3"/$*4$" %626& )&3/«/%&; "#0("%"

5&- '3"/$&4$ -":3&5 &3 1*4 #"%"-0/"

FODVVLILFDWV

-0$"- 0'*$*/" $0.&3$*"- 4& "-26*-" ;POB DPNFSDJBM Q F B U P O B M D 3P T T F M M Ø #BEBMPOB N å NFT 5&- --03&%" 3".#-" 4"/ +6"/ 1JTP MVNJOPTP N IBCJUBDJPOFT EPCMFT DPNFEPS BNQMJP DPDJOB Z CB×P SFGPSNBEPT FYUFSJPS SFDJFO QJOUBEP DPO BHVB Z MV[ CJFO DPNVOJDBEP å

DPNVOJEBE 5&-

4& "-26*-" -0$"- $ 130(3&40 FTRVJOB (FOFSBM 8FZMFS FOUSF N -V[ BHVB CB×P QVFSUB IJFSSP DPO NPUPS QVFSUB DSJTUBM EF UPEB MB GBDIBEB 5&- .FSDÏ

4& "-26*-" 1*40 &/ -*/&" %& ."3 &/ .0/5("5 /03% .0/540-¶4 4PM UPEP FM EÓB UFSSB[B DPO WJTUBT FYDFQDJPOBMFT BM NBS QBTP TVCUFSSBOFP EJSFDUP QMBZB N IBCJUBDJPOFT CBMDØO USBTFSP QBSBEB #VT Z FTUBDJØO 3&/'& B NUT NJOVUT QMBÎB DBUBMVOZB QBSB FOUSBS B WJWJS DPO TVNJOJTUSPT å 5&- 1*4 3*&3" ."5".0304 N IBC CBOZT NFOKBEPS EPT OJWFMMT CBMDØ HSBO DBMFGBDDJØ J BTDFOTPS 1JTDJOB DPNVOJUËSJB 1SFV å HBTUPT E FTDBMB 5&-

%"-5 %& -" 7*-" &4 --0(" -0$"- $0.&3$*"- BM DBSSFS EF #BSDFMPOB DBOUPOBEB BNC 2VJOUBOB "MUB EF N NÏT BMUFMM *OUFSFTTBUT USVDBS BM 5&- 4& "-26*-" 1*40 FO MB DBMMF 'FMJQF ** BNVFCMBEP 5PEP JNQFDBCMF 5&-

"-26*-0 -0$"- &/ "7 16*('3&% $ EF N . %& 1"5*0 UPEP SFGPSNBEP 5&-

1"3,*/( 7&/5" "-26*-&3 å #BSSJP .PSFSB 5&-

& 4 # 6 4 $ " / 0 * " 3&410/4"#-& QFS DPNQBSUJS QJT ;POB DÒOUSJDB 5&-

&$0/0.*$4 /PVT JOEE

&4 --0(" 1*4 "-'0/4 9** . IBC %PCMFT CBOZ DVJOB J NFOKBEPS &YUFSJPS 5PU SFGPSNBU J QJOUBU " NJO %FM NFUSP &VSPT NFT UPU JODMÛT 5&-

&4 --0(" 1*4 "- $ .&453& /*$0-"6 %& #"%"-0/" N NFOKBEPS CBMDØ DVJOB IBCJUBDJPOT CBOZT QBSLFU DBMFGBDDJØ [POB NPMU USBORVJMrMB BTDFOTPS å NFT 5&-

&4 --0(" 1*4 "- $"33&3 13*. %& #"%"-0/" N NFOKBEPS DVJOB HBMFSJB CBOZT IBCJUBDJPOT CBMDØ FYUFSJPS BTDFOTPS å NFT 5&-

&4 --0(" 6/" 1-"±" %& 1"3,*/( %& .050 BM DFOUSF EF #BEBMPOB 5SVDB BM

--03&%" ."(/¶'*$0 1*40 FO MB NFKPS [POB ;POBT BKBSEJOBEBT N IBC CB×PT #BMDØO FYUFSJPS å NFT 5&-

"-26*-0 -0$"- &/ --&'*« BOUJHVB QFMVRVFSÓB N å NFT 5&- & 4 - -0 ( " -0 $ " - " - $"33&3 4"/5 .*26&- %& #"%"-0/" N JEFBM QFS B RVBMTFWPM UJQVT EF OFHPDJ å NFT 5&-

% 6 1 - & 9 & / " - 2 6 * - & 3 "-'0/40 9** +UP 1VFSUP 0#3" /6&7" " FTUSFOBS IBC CB×PT DPNFEPS DPO DPDJOB BNFSJDBOB Z TBMJEB B UFSSB[B N (BSBKF #POJUPT "DBCBEPT 'JODB TØMP WFDJOPT å 5&- %JSFDUP QSPNPUPS

&4 --0(" 1*4 "- $ 3&$503 %& #"%"-0/" N NFOKBEPS BNC DVJOB PGGJDF IBCJUBDJPOT CBOZ WJHVFT EF GVTUB å NFT 5&-

%61-&9 &/ "-26*-&3 +50 .&530 : 1;" 1&1 7&/563" 0CSB OVFWB B FTUSFOBS UPUBMNFOUF FYUFSJPS Z NVZ TPMFBEP IBC CB×PT BNQMJP DPNFEPS TBMØO DPO DPDJOB BNFSJDBOB 5&33";"4 40-"3*6. `7FBMP å 5&- %JSFDUP QSPNPUPS

. 0 3 & 3 " -0 $ " - % 0 4 1-"/5"4 N N D 4 "HVTUÓ DPRVFUPO NVMUQMFT QPTJCMJEBEFT WBEP å NFT 5&-4 1"35*$6-"3

1*4 $ 13*. N IBCJUBDJPOT FYUFSJPS DVJOB FRVJQBEB B B J DBMFGBDDJØ 5&-

"-26*-0 1-"/5" #"+" %F PCSB OVFWB B FTUSFOBS FO DBTDP BOUJHVP EF 4U #PJ IBCJUBDJPOFT QBUJP EF N CB×P Z DPDJOB FRVJQBEPT å NFT Z å EF GJBO[B 5&-

&4 --0(" -0$"- $0.&3$*"- " - $ 4 " / 5 1 & 3 & % & #"%"-0/" N MBWBCP JEFBM QFS B EFTQBUY P TJNJMBS å NFT 5&-

1*404 "-26*-&3 $ "/50/*0 #03* 1JTPT EF B N IBC TVJUUF DPO CB×P Z BSNBSJP EPCMFT CB×P HFOFSBM DPO CB×FSB DPDJOB N DPNFEPS Z CBMDØO "MRVJMFS å NFT *OGØSNFTF

&4 --0(" -0$"- &/ 1 - " / 5" " - $ " 3 3 & 3 $"/0/(& #"3"/&3" %& #"%"-0/" N N JEFBM QFS B EFTQBUY P OFHPDJ TJNJMBS å NFT 5&-

&4 -0(" 1*4 " -" ;0/" %& 1&1 7&/563" N NFOKBEPS BNC DVJOB PCFSUB IBCJUBDJPOT CBOZT UFSSBTTB GJODB BNC TPM WFÓ å NFT 5&-

+OOQDKNKCTKU 6TCURCUUQU 53"41"40 1&-626&3*" N FO MB .PSFSB FRVJQBEB DPO DMJFOUFMB GJKB QPS DBNCJP EF EPNJDJMJP BMRVJMFS å USBTQBTP OFHPDJBCMF 5&- 0

&4 --0(" -0$"- $"/50/&3 " -" ;0/" %& 1&1 7&/563" N QMBOUB CBJYB TÛUBO

BMUFMM *OUFSFTTBUT USVDBS BM

727 %DGDORQD

4&ยบ03" 4& 0'3&$& $0.0 JOUFSJOB OPDIFT DVJEBS QFSTPOBT NBZPSFT QPS IPSBT NFEJB KPSOBEB MJNQJF[B 5&-

FODVVLILFDWV

4& 53"41"4" 1&-626&3ยถ" : $&/530 %& #&--&;" FO #BEBMPOB $FOUSP N UPDBEPSFT MBWBDBCF[BT MBCPSBUPSJP WFTUVBSJP DMJFOUFT UPDBEPS NBRVJMMBKF DBCJOBT FTUร UJDB TBMB 67" IPSJ[POUBM VMUSB Sร QJEP EVDIB BMNBDFO CBร P WFTUVBSJP QFSTPOBM BMRVJMFS JOUFSFTBOUF USBTQBTP OFHPDJBCMF 5&-

# " %" -0 / " # 6 4 2 6 & .

1&340/" 1&3 5"426&4 ."("5;&. JNQSFTDJOEJCMF DPOFJYFNFOUT E JOGPSNร UJDB B OJWFMM VTVBSJ *OUFSFTTBUT FOWJBS DVSSร DVMVN B WFSPOJDB!WJBU OFU $)*$" %& #"%"-0/" #64$" 53"#"+0 DVJEBOEP QFSTPOBT NBZPSFT $PO FYQFSJFODJB Z WFIร DVMP QSPQJP 5&-

4 & ยบ 0 3 " . 6 : 3 & 4 1 0 / 4 " # - & # 6 4 $ " 53"#"+0 %& -*.1*&;" KPSOBEB DPNQMFUB P NFEJB KPSOBEB DPO SFGFSFODJBT Z FYQFSJFODJB 5&-

4&ยบ03" &$6"503*"/" 4& 0'3&$& 1"3" $6*%"3 1 & 3 4 0 / " 4 . ":0 3 & 4 BZVEBOUF EF DPDJOB DPO FYQFSJFODJB 'JOFT EF TFNBOB 5&-

4&ยบ03" 4& 0'3&$& 1"3" 53"#"+"3 GJOFT EF TFNBOB DVJEBS QFSTPOBT NBZPSFT MJNQJF[B QPS IPSBT 5&-

4&ยบ03" "ยบ04 $0/ 3 & ' & 3 & / $ * " 4 N V Z USBCBKBEPSB TF PGSFDF QBSB MBCPSFT EPNร TUJDBT QPS IPSBT -VOFT Z WJFSOFT I

NBSUFT UPEP FM Eร B 1BQFMFT FO SFHMB 5&-

6TGDCNN 1 & - 6 2 6 & 3 * " ( 3 6 1 &45*-*45" QSFDJTB 0'*$*"- " %& ย Z ":6%"/5& " 5&-

4 & 0 ' 3 & $ & 4 & ยบ 0 3 " 1"3" -*.1*&;" DBOHVSP DVJEBSQFSTPOBT NBZPSFT DPO FYQFSJFODJB EJQPOJCMJEBE JONFEJBUB 5&- 0 / 0 * " '" % & $ " / ( 6 3 &YQFSJร ODJB Uร UPM BDBEร NJD J JNQMJDBDJร &MFOB

727 %DGDORQD

&$0/0.*$4 /PVT JOEE

4&ยบ03" 4& 0'3&$& 1"3" 53"#"+"3 DPO QFSTPOBT NBZPSFT QPS IPSBT $PO CVFOBT SFGFSFODJBT 5&-

4&ยบ03" #64$" 53"#"+0 $0.0 */5&3/" 5&-

4&ยบ03" #64$" 53"#"+0 103 )03"4 5&-

4&ยบ03" &$6"503*"/" TF PGSFDF QBSB DVJEBS QFSTPOBT NBZPSFT DBOHVSP GJOFT EF TFNBOB -JNQJF[B DBTBT QPS IPSBT 5&-

FODVVLILFDWV

4& 0'3&$& 4&ยบ03" QBSB MJNQJF[B FO HFOSBM DBOHVSP DVJEBS QFSPOBT NBZPSFT DPO FYQFSJFODJB QBQFMFT FO SFHMB 5&- $)*$" 4& 0'3&$& 1"3" -*.1*&;" QPS IPSBT DVJEBS QFSTPOBT NZBPSFT P OJร PT 5&- 4&ยบ03" #64$" 53"#"+0 QPS MBT UBSEFT GJOFT EF TFNBOB Eร BT GFTUJWPT

4 & ยบ 0 3 " " 6 9 * - * " 3 " %0.*$*-*0 TF PGSFDF QBSB DVJEBEP EF QFSTPOBT NBZPSFT OJร PT /PDIFT Eร BT -JNQJF[B QPS IPSBT NFEJB KPSOBEB 5&-

4&ยบ03" 4& 0'3&$& 103 )03"4 JOUFSJOB MJNQJF[B DVJEBS QFSTPOBT NBZPSFT DBOHVSP EJTQPOJCMF B QBSUJS EF MBT I $PO FYQFSJFODJB Z SFGFSFODJBT 5&-

4& 0'3&$& $)*$" 1"3" BZVEBOUB EF DPDJOB DVJEBEP QFSTPOBT NBZPSFT MJNQJF[B $PO FYQFSJFODJB Z SFGFSFODJBT 5&-

4 & ยบ 0 3 " 4 & 0 ' 3 & $ & QBSB DVJEBEP EF QFSTPOBT NBZPSFT MJNQJF[B 5&-

$ & % & * 9 0 ) " # * 5" $ * ยป (3"56*5" B TFร PSB FTQBร PMB B DBOWJ EF OFUFHB EPNFTUJDB Z DPNQBร ร B 5&- 4&ยบ03" +07&/ #64$" 53"#"+0 EF JOUFSOB GJKB QPS IPSBT DPO SFGFSFODJBT 5&-

4 & ยบ 0 3 " $ 0 / . 6 $ ) " & 9 1 & 3 * & / $ * " # 6 4 $ " 53"#"+0 MJNQJF[B QMBODIB DVJEBEP QFSTPOBT NBZPSFT QPS IPSBT OPDIFT Z GJOFT EF TFNBOB

4& 0'3&$& $)*$0 $0.0 QJOUPS PGJDJBM QFร O FNQMFBEP EPNร TUJDP $PO QBQFMFT FO SFHMB 5&- .BSJP 5PSSFT

4& /&$&4*5" ":6%"/5" : 0'*$*"-" QBSB 1FMVRVFSJB FO #BEBMPOB 5&-

&$0/0.*$4 /PVT JOEE

"( 505" &%"5 /&$&44*5" '*9&4 */5&3*/&4 QFS IPSFT QFSTPOFT EF DPNQBOZJB QFS OFOT J BWJT 5&-

4&ยบ03" 4& 0'3&$& $0.0 GJKB P JOUFSJOB QPS IPSBT 5&-

4 & 0 ' 3 & $ & 4 & ยบ 0 3 " &41"ยบ0-" 1"3" $6*%"3 QFSTPOBT NBZPSFT EF OPDIF P Eร B $PO SFGFSFODJBT 5&-

"( 505" &%"5 /&$&44*5" */'&3.&3&4 QVFSJDVMUPSFT GJTJPUFSBQFVUFT BVY EF DMร OJDB B EPNJDJMJ J IPTQJUBM I FUD 5&-

4& /&$&4*5" 1"3" 5"--&3 EF QMBODIB 1-&("%03" DPO FYQFSJFODJB 1-"/$)"%03" D P O F Y Q F S J F O D J B Z "13&/%*;" EF B Bร PT 5&- #BEBMPOB

.&/4"+&304 '63(0/&5" QBSB SFQBSUPT Z QFRVFร B QBRVFUFSร B FO #BSDFMPOB Z DJOUVSร O 1SFTFOUBSTF MVOFT Z NBSUFT UBSEFT EF B FO $ 1POJFOUF CKT #BEBMPOB

4& 0'3&$& 4&ยบ03" 1"3" 53"#"+"3 MPT GJOFT EF TFNBOB TBCBEPT NFEJPEJB B EPNJOHPN UBSEF B IPSBT P UPEP TFHVJEP QBSB DVJEBS QFSTPOB NBZPS P DBOHVSP 5&-

. & / 4 " + & 3 0 4 . 0 5 0 & - & 7" % 0 4 * / ( 3 & 4 0 4 1SFTFOUBSTF MVOFT Z NBSUFT UBSEFT EF B FO $ 1POJFOUF CKT #BEBMPOB

4& 0'3&$& 4&ยบ03" $0.0 $"/(630 B TFS QPTJCMF EF OPDIF DPO FYQFSJFODJB QSFGSFOUFNFOUF FO -MPSFEB P BMSFEFEPSFT 5&-

'"-5" %&1&/%&/5" 1&3 '03/ %& 1" OP FT OFDFTTร SJB FYQFSJร ODJB GPSNBDJร B Dร SSFD EF M FNQSFTB 1PSUBS DVSSร DVMVN B $ $PORVFTUB

4& 0'3&$& 4&ยบ03" 103 )03"4 103 -"4 5"3%&4 QBSB MJNQJF[B P QPS MBT OPDIFT DVJEBOEP QFSTPOB NBZPSFT CVFOBT SFGFSFODJBT Z DPO QBQFMFT 5&-

4 & 3 7 * $ * 0 5 ยฒ $ / * $ 0 & / # " % " - 0 / " 1 3 & $ * 4 " 5 ยฒ $ / * $ 0 % & )"3%8"3& 1"3" 5"--&3 */'03.ยซ5*$0 4F PGSFDF D P O U S B U P I P S B T TFNBOBMFT BMUB FO 4 4 JODPSQPSBDJร O JONFEJBUB &OWJBS $7 B JOGP!MFLLFSOFU FT

4&ยบ03" 4& 0'3&$& 103 )03"4 NBร BOBT UBSEFT D V J E B E P E F Q F S T P O B T NBZPSFT GJOFT EF TFNBOB 5&-

4& /&$&4*5" ":6%"/5" %& 1 & - 6 2 6 & 3 ยถ " #0-*7*"/" 4& 0'3&$& : 0 ' * $ * " - " $ 0 / DVJEBS NBZPSFT OJร PT &91&3*&/$*" JOUFSFTBEBT MJNQJF[B EPNJOHPT Eร B FOWJBS DVSSJDVMVN P EFKBS E B U P T Q F S T P O B M F T F O OPDIF 5&- YUVQFMP!IPUNBJM DPN $"/(634 /PJB DBUBMPOB BOHMFTB FYQFSJร ODJB BNC 4& 13&$*4" $)*$" %& OFOT EJTDBQBDJUBUT "$"%&.*" QBSB QSร DUJDBT FO QFMVRVFSJB 3BNCMB 4BO

+VBO % -MPSFEB 4&ยบ03" 4& 0'3&$& 1"3" 4& /&$&4*5" 0'*$*"-" %& 53"#"+"3 103 )03"4 1&-626&3*" FO #BEBMPOB EF MJNQJF[B DBOHVSP $PO 5&- o SFGFSFODJBT 5&-

4& 0'3&$& $)*$" 1"3" 53"#"+"3 EF MJNQJF[B EFM IPHBS DBOHVSP DVJEBS QFS TPOBT NBZPSFT GJKB JOUFSOB P JOUFSJOB

#OKUVCVU "53&7&5& "NJTUBE QBSFKB 5&-

727 %DGDORQD

4& 7&/%& #.8 4&3*& % 5FDIP TPMBS SVF EBT EF BMVNJOJP WPMBOUF NVMUJGVODJØO CMVFUPP 7&/%0 .050 4$001: UI FUD 1FS GFDUP FTUBEP DPO LN FO NVZ CVFO å */'0 FTUBEP 1SFDJP å *OUFSFTB EPT MMBNBS

FODVVLILFDWV

/QVQT

4& 7&/%& .050 */'"/5*- EF B B×PT EF U Z DD TFNJBVUPNÈUJDB FO QFSGFDUP FTUBEP å ,BXBTBLJ DD EF DPNQFUJDJØO DBSCPOP FO CVFO FTUBEP å */'0

8CTKU

%NCUUGU 1 3 0 ' & 4 0 3 " 5 * 5 6 - " %" %" $-"4&4 QBSUJDVMBSFT Z HSVQP 1SJNBSJB 4FDVOEBSJB # B DI J M M F S B U P . Ø E V M P T ' S B O D Ï T 4 F M F D U J W J E B E 'P S N B D J Ø O ) È C J U P T E F &TUVEJP 5&-

3&'03± &4$0-"3 '¶4*$" 26¶.*$" ."5&4 &40 J #BUYJMMFSBU $POUSPM EFVSFT QPUFODJBDJØ NBUFNËUJRVFT "M DPTUBU 3FOGF 5&-

"/(-µ4 DMBTTFT QBSUJDVMBST JOEJWJEVBMT QFUJUT HSVQT IPSBSJ GMFYJCMF DPOWFSTB # V T J O F T T . Ò U P E F T QFSTPOBMJU[BUT 5&-

"(3"¸.&/5 B M &TQFSJU 4BOU . 3 7 & / % 0 . 6 & # - & 4 % & $"4" QPS WJBKF *ODMVJEP FMFDUSPEPNÏTUJDPT 1SFDJP QBRVFUF FDPOØNJDP 5&-

0 $ " 4 * » / 7 & / % 0 $&/53"-*5" %*(*5"- /&3*4 OVFWB TPMP NFTFT EF VTP å 5&- 4& "-26*-" )"#*5"$*»/ &/ #"%"-0/" " $)*$" DPO EFSFDIP B UPEP FM QJTP (BTUPT JODMVJEPT DFSDB NFUSP M å .FT -MBNBS B QBSUJS EF MBT I "OB 5&-

$ - " 4 & 4 % & * / ( - ² 4 " 1 " 3 5 * $ 6 - " 3 & 4 " N F S J D B O P O B U J W P NÏUPEPT QFSTPOBMJ[BEPT DPOWFS TBDJØO CVTJOFTT *OUFSFTBEPT MMBNBS

727 %DGDORQD

&$0/0.*$4 /PVT JOEE

WHFQRORJLD

VGEPQNQIKC

QRYHWDWV JDGJHWV WHOHIRQLD VRIWZDUH LQWHUQHW

3BDØ EFM WJEFPBmDJPOBU 5FDOPMPHJB t 4PN BM NFT EF KVMJPM J BJYÛ WPM EJS QFS B NPMUT RVF FTUFN B MFT QPSUFT E VOFT NFSFTDVEFT WBDBODFT %VSBO EPT DBQÓUPMT WBN QBS MBS EF RVJOB DËNFSB EF WÓEFP USJBS B M IPSB EF DPNQSBS VOB EF OPWB "SB RVF UPUT KB MB UFOJN TJHVJ OPWB P NÏT BO UJHB BOFN B QBSMBS EF DPN VUJMJU[BS MB EF GPSNB DPSSFD UB FTQFDJBMNFOU TJ M IFN EF QPSUBS EF WBDBODFT 5BO TJ ÏT USBDUB E VOB FTUBEB GB NJMJBS BM NBS P B MB NVOUBO ZB DPN E VO WJBUHF NÏT P NFOZT JNQPSUBOU BRVFTU ÏT VO EFMT NPNFOUT FTUFMtMBST EF MB WJEFPDBNFSB J HBJSFCÏ OJOHÞ MB EFJYB B DBTB 1FS UBOU BOFN B QBSMBS BSB EFMT BTQFDUFT NÏT JNQPSUBOUT RVF IBVSFN EF UFOJS FO DPNQUF QFS SFBMJU[BS VO CPO WÓEFP EF MFT OPTUSFT WBDBODFT 1FS DPNFOÎBS TFQBSBSFN USFT TFRàÒODJFT BCBOT EF TPSUJS EF DBTB EVSBOU MFT WB DBODFT J mOBMNFOU MB UPSOBEB B DBTB "CBOT EF TPSUJS EF DBTB .PMUFT WFHBEFT MB DËNFSB IB FTUBU B MB CPTTB EVSBOU WBSJT NFTPT BNC MFT CBUFSJFT J FMT DBCMFT &TQFDJBMNFOU FO

QBH JOEE

BRVFTUT DBTPT QFSÛ UBN CÏ QFS UPUIPN FO HFOFSBM DBM SFWJTBS UPU FM NBUFSJBM DPN B NÓOJN VOB TFUNBOB BCBOT EF TPSUJS EF WBDBODFT )FN EF USFVSF MB DËNFSB EF MB CPTTB OFUFKBS MB OFUFKBS CÏ M PCKFDUJV UBNCÏ FM WJTPS PDVMBS J QPTBS MB FO NBSYB BNC M BMJNFOUBEPS EF DPSSFOU )FN EF UFOJS DVSB EF RVÒ UPU GVODJPOJ DPSSFDUBNFOU DPNQSPWFN RVF MB QJMB EFM SFMMPUHF FTUJHVJ CÏ J FM QPTFN B M IPSB BDUVBM DPNQSPWFN RVF UPU FTUJHVJ FO QPTJDJØ BV

UP MMVN FOGPDBNFOU DPMPS

J TFHVJEBNFOU QPTFN VOB DJOUB J GFN VO QFUJU FOSFHJT USBNFOU EF QSPWB 3PEFN VOB NJDB FO JOUFSJPST J FYUFSJPST GFN BOBS FM [PPN J QBSMFN VOB NJDB QFS DPNQSPWBS FM NJDSÛGPO %FTQSÏT DPOOFD UFN MB DËNFSB B VOB 57 P B M PSEJOBEPS J DPNQSPWFN RVF MFT JNBUHFT J M ËVEJP IBHJO RVFEBU CFO FOSFHJTUSBUT 4J UPU FTUË DPSSFDUF B MFT IP SFT DPNQSPWFN MFT CBUFSJFT 3FDPSEFV RVF DPN B NÓOJN IFV EF QPS UBS OF EVFT FO

727 %DGDORQD

WHFQRORJLD CPO FTUBU -FT DBSSFHVFV CÏ J EFTQSÏT MFT QPTFV B MB DËNF SB J MFT QSPWFV VOB FTUPOB ²T NPMU JNQPSUBOU SFNBSDP UFOJS DVSB EF UPU BJYÛ DPN B NÓOJN VOB TFUNBOB BCBOT EF TPSUJS E BRVFTUB NBOFSB TJ BMHVOB DPTB OP FTUË DPSSFDUF FODBSB UJOESFV UFNQT EF TPMVDJPOBS RVBMTFWPM QSPCMFNB 'FU UPU BJYÛ QPESÓFN EJS RVF KB UFOJV FM WPTUSF FRVJQ QSFQB SBU QFS OP UFOJS TPSQSFTFT EV SBOU MFT WBDBODFT 1FSÛ VOB DPTB NÏT BCBOT EF TPSUJS BOFV PO BOFV IFV EF DPN QSBS FM NBUFSJBM RVF DBMDVMFV RVF GBSFV TFSWJS QFM RVF GB B DJOUFT EF WÓEFP EJTDT NJOJ %7% P UBSHFUFT EF NFNÛSJB EFQFOFOU EF MB DËNFSB RVF UJOHVFV 1PSUFV OF EF TP CSFT OP VT SFm FV EF DPNQSBS SFT EVSBOU MFT WBDBODFT EF

7e&1,&2 ,1)250É7,&2 /$6 +25$6 6 , $ '

5HSDUDFLRQHV SXQWXDOHV \ WRWDOHV D GRPLFLOLR 7DPELpQ SURJUDPDGRU :HE HOHFWUyQLFR DQDOLVWD 'HVSOD]DPLHQWRV \ SUHVXSXHVWRV JUDWLV SDUD VLHPSUH 5DIDHO 0DUWtQH]

7HO

QÒO E PO BOFV OP USPCBSFV SFT CFO QPDB DPTB P RVFMDPN E JOGFSJPS RVBMJUBU &MT RVF VUJMJU[FV DËNFSFT BNC EJTD EVS )%% BTTFHVSFV WPT RVF FM EJTD EVS UÏ QSPV FT QBJ P FODBSB NJMMPS QPSUFV MP DPNQMFUBNFOU CVJU

EF RVJO QBÓT BOFV "MT &TUBUT 6OJUT M FOEPMM ÏT QMB J MB UFOTJØ EF MB YBSYB ÏT EF W IU[ 5PUT FMT DBSSFHBEPST TØO VOJ WFSTBMT J GVODJPOFO B UPUFT MFT YBSYFT EFM NPO UBO TPMT OFDFTTJUFV BEBQUBS M FOEPMM 5FOJN MFT NBMFUFT B QVOU J MB CPTTB BNC MB DËNFSB J FMT TFVT BDDFTTPSJT UBNCÏ 'BOUËTUJD IB BSSJCBU BRVFMM NPNFOU RVF UBOU EFTJUKËWFN J RVF NBJ BSSJCBWB BOFN EF WBDBODFT

3FTVNJOU BRVFTU TFSJB FM WPTUSF FRVJQ EF SPEBUHF $ËNFSB EF WÓEFP EVFT CB UFSJFT FO QFSGFDUB FTUBU FM DBSSFHBEPS EF CBUFSJFT BNC FMT TFVT DBCMFT FM EF YBSYB J FM RVF WB B MB DËNFSB DJOUFT J DJOUB OFUFKBEPSB EJTDT NJ OJ%7% P UBSHFUFT EF NFNÛSJB GPSNBUFKBEFT 1PESÓFV QPSUBS UBNCÏ VO DBCMF QFS DPOOFDUBS MB DËNFSB B VOB 57 B WPMUFT ÏT QPTTJCMF FO FMT IPUFMT

3FDPSEFV RVF FMT FOEPMMT B MB YBSYB TØO EJGFSFOUT EFQFOFOU

% BRVÓ B EVFT TFUNBOFT QBS MBSFN EF DPN VUJMJU[BS MB DË NFSB EVSBOU MFT WBDBODFT FTQFDJBMNFOU TJ FTUFN EF WJBUHF 3BNPO "MBSØ 5ÒDOJD FO BVEJPWJTVBMT %*(*5"- 61

T J O P U h BO VOD J F T D P N WP M T R VF FU USP C JO

2EGALAgT ELS TEUS RECORDS .O DEIXIS QUE ES FACIN MALBÏ A LgARMARI $&/53& %& 3&1®4 &456%*"/5*-

2EPORTATGES DE VIDEO FOTOGRAl A AUDIOVISUALS

*" 13*. ®3 &40 5 40$*"#"59*--&3"

0OSEM AL DIA TOTS ELS TEUS RECORDS

5µ$/ *26 &4 * .µ50% &4 % h&456%* Eh"1307"54 FO 1307" %h"$$²4 " $ ' (3"6 .*5+"

CINEMA DE MM

DIAPOSITIVES FOTOS VIDEO

$ *OEFQFOEÒODJB " #%/ XXX UPUSFQBT DPN

6ISITA LA WEB WWW DIGITAL UP CAT 4EL

5FMT

727 %DGDORQD

QBH JOEE

&41&$*"-*45"4 &/ *.1-"/50-0(¶" 0350%0/$*" : 0%0/50-0(¶" (&/&3"%S 3PCFSUP ,PFOJH O DPMFHJBEP

*.1-"/5&4

.ÈTUFS FO *NQMBOUPMPHÓB Z 3FIBCJMJUBDJØO PSBM QPS &VSPQFBO 4DIPPM PG 0SBM 3FIBCJMJUBUJPO *NQMBOUPMPHZ BOE #JPNBUFSJBMT /FX :PSL 6OJWFSTJUZ $PMMFHF PG %FOUJTUSZ 5ÓUVMP OJWFM &VSPQFP FO *NQMBOUPMPHÓB

%SB 'ÈUJNB %PNJOJDJ O DPMFHJBEP .ÈTUFS FO 0EPOUPMPHÓB DPOTFSWBEPSB Z SFTUBVSBEPSB QPS MB 6OJWFSTJEBE EF #BSDFMPOB .ÈTUFS FO *NQMBOUBDJØO #UJ t .JFNCSPT EF MB "TPDJBDJØO &TQB×PMB EF *NQMBOUFT 4&*

t .JFNCSPT EF MB "TPDJBDJØO &TQB×PMB &OEPEPODJB

103 å 1SPUFTJT "QBSUF

$0/46-5" : 3"%*0(3"'¶"

i(3"56*5"w 1BHVF TV USBUBNJFOUP IBTUB FO NFTFT TJO JOUFSFTFT $ "MGPOTP 9*** #BEBMPOB

&TR 1[B .BOVFM $BSSBTDP J 'PSNJHVFSB 'SFOUF BOUJHVP 1BCFMMØO +PWFOUVU

5&-

6OJ%FOUBM JOEE