TOT Badalona 1400

/ÞNFSP %FM BM EF OPWFNCSF A

&TQBJ$

6O OPWFNCSF E BDUJWJUBUT 2VFEFN QFS BSSFV EF MB DJVUBU

"DUVBMJUBU

6O NFOPS J VOB BWJB TØO BUSBDBUT B QVOUB EF QJTUPMB B M JOUFSJPS EF DBTB TFWB B MB GBÎBOB NBSÓUJNB

1FSTPOFT

-MVÓT )FSOÈOEF[ FYBMDBMEF EF 4BOUB $PMPNB EF (SBNFOFU

1PMÓUJDB

&MT JOUFSNFEJBSJT IBVSJFO DPCSBU NJMJPOT QFS M PQFSBDJØ BM TPMBS EF #BEBMPOB

- FTUBDJØ EF 3FOGF EF #BEBMPOB TFSË SFOPWBEB UPUBMNFOU M BOZ

"NC WFV QSÛQJB -B (SBO 1BOFSB +PBO 4PMFS J "NJHØ J %PMPST 4BCBUFS

(SVQ E BNJDT VO EJB GFTUJV BM 3FTUBVSBOU .JSBNBS EF #BEBMPOB EVSBOU M BOZ 'PUP +PTFQ (JNÏOF[

1PSUBEB JOEE

1BSUJDJQB BM OPV DPODVST EFM 505 VO ÞOJD HVBOZBEPS ThFNQPSUBSË NPMUT SFHBMT

```-*26*%"$*»/

&/ 450$,4 %& #"º04 : $0$*/"4

¢&UHHV TXH HV KRUD GH UHQRYDU WX KRJDU"

`"IPSB FT FM NPNFOUP -*26*%".04 450$, %& 5*&/%" 103 $".#*0 %& &9104*$*»/

5PBMMFSP EF BOJMMB CMBODP å &TDPCJMMFSP CMBODP å &TQFKP CB×P CMBODP å %PTJGJDBEPS KBCØO HSJT å $VCP TBOJUBSJP QFEBM CMBODP å #SB[P EVDIB CMBODP å 3PNQFDIPSSPT DSPNP å &TQFKP BVNFOUP EJBN DN DSPNP å .POPNBOEP GSFHBEFSB DSPNP å (SJGFSÓB CB×P EVDIB å (SJGPT EF MBWBEPSB å (SJGP EF CJEFU å 1BQFMFSB - JOPY NBUF å $PMHBEPSFT EF CB×P å +BCPOFSB å &TQFKP Y å )PSOP 5FLB å -BWBWBKJMMBT JOUFHSBCMF å 1MBDB DPDDJØO 5FLB GVFHPT å &YUSBDUPS $BUB å 'SFHBEFSB DVCFUBT JOPY å 1PSUBSSPMMPT å (SJGP MBWBCP å

&6.&4" $ %FQØTJUP #BEBMPOB 5FM XXX FVNFTB DPN t FVNFTB!FVNFTB DPN &VNFTB JOEE

)03"3*0 EF MVOFT B WJFSOFT EF I B I Z EF I B I 4ÈCBEPT EF I B I

1MBOUJMMB#BTF JOEE

727 %DGDORQD

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

(SVQ E BNJDT VO EJB GFTUJV BM 3FTUBVSBOU .JSBNBS EF #BEBMPOB EVSBOU M BOZ 'PUP +PTFQ (JNÏOF[

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

ĂĚĂůŽŶĂ ĞŶƚƌŽ jůƟŵŽƐ ϯ ƉŝƐŽƐ Ă ĐŽƐƚΦ

DĠŶĚĞnj EƷŹĞnj

sŝǀŝĞŶĚĂƐ ĚĞ ĐƵĂƚƌŽ ŚĂďŝƚĂĐŝŽŶĞƐ ĚŽƐ ďĂŹŽƐ ĐŽŵƉůĞƚŽƐ ĞdžĐĞůĞŶƚĞƐ ĂĐĂďĂĚŽƐ

͋/ŶĐƌĞŝďůĞ ĐŽŵƉĂƌĂŶĚŽ ƉƌĞĐŝŽͬĐĂůŝĚĂĚͬƵďŝĐĂĐŝſŶ͊

ZĞĂůŝŵĂƌ͘ĞƐ ϲϳϴ ϳϭ ϰϰ ϰϰ ͻ ϵϯ ϰϱϮ ϳϱ ϭϱ 3FBMJNBS JOEE

DFWXDOLWDW

G HQWUDGD

t *NBUHF BDUVBM EF M FTUBDJØ EF 3FOGF EF #BEBMPOB &M 505

- FTUBDJØ EF 3FOGF EF #BEBMPOB TFSË SFOPWBEB UPUBMNFOU M BOZ -B DJVUBU UJOESË VOB FTUBDJØ EF USFO SFOPWBEB J BDDFTTJCMF EVSBOU FM QSJNFS USJNFTUSF EF M BOZ % BRVFTUB NBOFSB "EJG JOWFSUJSË NÏT EF NJMJPOT E FVSPT QFS UBM E BEFRVBS VOFT JOTUBMtMBDJPOT RVF EVSBOU BOZT IBO SFCVU NVMUJUVE EF RVFJYFT EF DPMtMFDUJVT J FOUJUBUT CBEBMPOJOFT RVF FT UPQBWFO BNC NPMUFT EJmDVMUBUT QFS QPEFS IJ BDDFEJS 1FS m M FTUBDJØ EF #BEBMPOB EFJYBSË EF TFS VOB FTUBDJØ EF TFHPOB UPU J RVF DBEB EJB IJ QBTTFO VOFT QFSTPOFT $ F O U S F t & M Q S P K F D U F E F M FTUBDJØ EF 3FOGF EF #BEB MPOB WB TFS QSFTFOUBU MB TFU NBOB QBTTBEB QFS M BMDBMEF EF #BEBMPOB +PSEJ 4FSSB FM EFMFHBU EFM (PWFSO B $BUBMVO ZB +PBO 3BOHFM J FM QSFTJEFOU E "EJG "OUPOJP (PO[ÈMF[ i/P ÏT OPNÏT VOB NJMMPSB ÏT VOB USBOTGPSNBDJØ UPUBM EF M FTUBDJØw WB BTTFHVSBS FM QSFTJEFOU E "EJG "OUPOJP (PO[ÈMF[ UBNCÏ WB BDMBSJS RVF iMFT PCSFT OP QPEFO BGFD UBS FM TFSWFJ BMT VTVBSJTw J ÏT QFS BJYÛ RVF T FTUSFOZFSË FM WJODMF EF DPNVOJDBDJØ J FM DPOUBDUF BNC M BKVOUBNFOU J FMT WFÕOT -B JOUFODJØ E "EJG FT SFBMJU[B MFT PCSFT TFOTF

%&OUSBEB 1BH 1BH JOEE

BUVSBS MB DJSDVMBDJØ EFMT USFOT QFS BRVFTU NPUJV BMHVOFT EF MFT PCSFT T FGFDUVBSBO FO IPSBSJ OPDUVSO JOUFOUBOU RVF OP BGFDUJ HBJSF BMT WFÕOT EF MB [POB &TUBDJØ UPUBMNFOU BEBQUBEB &MT USFCBMMT EF SFNPEFMB DJØ DBOWJBSBO MB GFTPNJB EF M FTUBDJØ EF USFO EF #BEBMPOB QFSÛ FM NÏT JNQPSUBOU ÏT RVF QFSNFUSBO GFS MB BDDFTTJCMF UBOU QFMT WJBUHFST BNC QSPCMF NFT EF NPCJMJUBU DPN UBNCÏ QFS JOWJEFOUT "JYÓ NBUFJY E VOB CBOEB T FMJNJOBSBO MFT CBSSFSFT BSRVJUFDUÛOJRVFT BNC MB DPOTUSVDDJØ E VO OPV QBT JOGFSJPS EPUBU E BTDFOTPST

J F T D B M F T G J YF T J N F D Ë O J RVFT 5BNCÏ T IBCJMJUBSBO EVFT QMBDFT SFTFSWBEFT QFS B WFIJDMFT EF QFSTPOFT EF NPCJMJUBU SFEVÕEB B MB QMBÎB EF 3PDB J 1J % BMUSB CBOEB UBNCÏ FT GBDJMJUBSË M ÞT EF MFT JOTUBMtMBDJPOT BMT VTVB SJT JOWJEFOUT BNC M BKVU E VO TFHVJU EF SFDPSSFHVUT HVJBUT EFT EF M FYUFSJPS EF M FEJGJDJ mOT BMT QVOUT E FNCBSDBNFOU E FTDBMFT J BTDFOTPST &O FM QBT FYJTUFOU TF TVCTUJUVJSË MB QMBUBGPSNB BDUVBM QFS FTDBMFT mYFT J NFDËOJRVFT DPNQMF NFOUËSJFT B MFT EFM QBT EF OPWB DSFBDJØ QFS B DBOBMJU[BS FM USËOTJU EF WJBUHFST 'JOBM NFOU UBNCÏ FT QSFWFV MB 727 %DGDORQD

JOTUBMtMBDJØ E VOB NBRVFUB BEBQUBEB FO FM WFTUÓCVM QFS B GBDJMJUBS OF MB PSJFOUBDJØ "MUSFT BDUVBDJPOT &M QSPKFDUF DPOUFNQMB E BMUSFT BDUVBDJPOT DPN MB NJMMPSB EF MFT BOEBOFT MFT NBSRVFTJOFT CBODT FOMMVNFOBU M FEJGJDJ EF WJBUHFST FMT UBODBNFOUT J FT SFTFSWBSË VO FTQBJ QFS B M FTUBDJPOBNFOU EF CJDJDMF UFT -FT BDUVBDJPOT QSFWJTUFT DPOUFNQMFO UBNCÏ MB QPTTJCJMJ UBU EF GBDJMJUBS M BDDÏT BMT USFOT RVF FT GBSË BNC M FMFWBDJØ EFM OJWFMM EF MFT BOEBOFT mOT B TJUVBS MPT B VOB BMÎBEB EF DFOUÓNFUSFT 1FS UPU QMFHBU M BMDBMEF EF #BEBMPOB +PSEJ 4FSSB WB RVBMJmDBS BRVFTUB GVUVSB OPWB FTUBDJØ EF TPNOJ * ÏT RVF iFM NPWJNFOU DJVUB EË J NPMUFT QFSTPOFT EVSBOU NPMU EF UFNQT IBO GFU TBCFS BM DPOTJTUPSJ FM EFTJH EF QP EFS UFOJS VO TFSWFJ EFM TFHMF 99* 1FS BJYÛ BRVFTU EJB ÏT FM EJB FO RVF FT GB SFBMJUBU BRVFTU TPNOJw 1FS MB TFWB CBOEB FM EFMFHBU EFM (PWFSO B $BUBMVOZB +PBO 3BOHFM WB BGJSNBS RVF MB SFNPEFMBDJØ EF M FTUBDJØ CBEBMPOJOB ÏT VO FYFNQMF EF MFT NJMMPSFT RVF T FTUBO JOUSPEVJOU FO FM TJTUF NB GFSSPWJBSJ J EF M BQPTUB GFUB QFS MB NJMMPSB EF MFT JOGSBFT USVDUVSFT &OUSF BMUSFT UBNCÏ FT SFQBSBSË J BNQMJBSË MB NBS RVFTJOB FYJTUFOU B M BOEBOB EF

DFWXDOLWDW

$BSMFT $BSWBKBM SFEBDDJP!FMUPUEJHJUBM DPN

t .PMUT VTVBSJT EF 3FOGF OP QBHVFO FMT TFVT CJUMMFUT J TBMUFO MFT UBORVFT BDUVBMT

MFT WJFT J J TF TVCTUJUVJSË QFS NÛEVMT EF OPWB DPOTUSVD DJØ FM DPCSJNFOU B MFT BOEBOFT EF MFT WJFT J

EF 3FOGF EF #BEBMPOB FT VO EFCBU DJVUBEË &M QBTTBU NFT EF TFUFNCSF FM QMF NVOJDJQBM BQSPWBWB QFS VOBOJNJUBU VOB NPDJØ QSFTFOUBEB QFM HSVQ NVOJDJQBM E *$7 &6J" RVF EFNBOBWB RVF FT HBSBOUÓT MB TFHVSFUBU FO FM QBT EF MFT BO EBOFT NFOUSF OP BSSJCFTTJO MFT PCSFT EF SFNPEFMBDJØ &MT FDPTPDJBMJTUFT BMUSFT HSVQT QPMÓUJDT J FOUJUBUT CBEBMPOJOFT DPN %FJYFN EF 4FS *OWJTJCMFT IBO QSPUBHPOJU[BU EVSBOU FMT EBSSFST BOZT DBNQBOZFT J NP CJMJU[BDJPOT QFSRVÒ M FTUBDJØ GPT BEBQUBEB QFS MFT QFSTPOFT BNC NPCJMJUBU SFEVÕEB %FT QSÏT E BOZT MMVJUBOU BRVFTUFT FOUJUBUT T IBO GFMJDJUBU QFSRVÒ mOBMNFOU UJSBSBO FOEBWBOU MFT PCSFT EF SFNPEFMBDJØ QFSÛ NPMUFT WFVT IBO JOEJDBU RVF BSSJCFO NBTTB UBSE

-FT PCSFT DPNFOÎBSBO FM QSPQFS NFT EF NBSÎ -B QSFWJTJØ JOJDJBM ÏT RVF MFT PCSFT DPNFODJO FM NFT EF NBSÎ EFM QSPQFS BOZ J RVF mOBMJU[JO B QSJODJQJT EFM &M QSJNFS QBT ÏT MB MJDJUBDJØ EF MFT PCSFT B mOBMT E BRVFTU BOZ J M JOJDJ FT QSFWFV EF DB SB FM NFT EF NBSÎ EF M BOZ RVF WF "EJG JOWFSUJSË VO UPUBM EF NJMJPOT E FVSPT FO MB SFNPEFMBDJØ EF M FTUBDJØ EF 3FOGF EF #BEBMPOB "OZT EF SFDMBNBDJPOT NPCJMJU[BDJPOT J NPDJPOT %FT EF GB BOZT MFT CBSSFSFT BSRVJUFDUÛOJRVFT B M FTUBDJØ

1PDB TFHVSFUBU J TBUVSBDJØ QFS WBMJEBS FMT CJUMMFUT 1FS M FTUBDJØ EF 3FOGF EF #BEBMPOB IJ QBTTFO DBEB EJB QSPQ EF QFSTP OFT QFSÛ M BDUVBM FTUBDJØ QSFTFOUB OPNCSPTPT QSP CMFNFT EF TFHVSFUBU J PSHB OJU[BDJØ . P M U T E F M T V T V B S J T I B O E BHVBOUBS J TVQPSUBS EJËSJB NFOU MFT HSBOT DVFT RVF FT GPSNFO EBWBOU MFT NBRVJ OFT WBMJEBEPSFT EF CJUMMFUT i"JYÛ ÏT UFSDFSNVOEJTUB IJ IB EJFT RVF OPNÏT GVODJP 727 %DGDORQD

%&OUSBEB 1BH 1BH JOEE

OBOU EVFT NËRVJOFT J QFS WBMJEBS FM CJUMMFU IBT E FTUBS NÏT E F NJ OVUT NPMUB HFOU PQUB QFS DPMBS TF J OP N FTUSBOZB w FYQMJDB MB 4BSB 7JMB VTVËSJB IBCJUVBM EF M FTUBDJØ EF 3FOGF 4PCSFUPU B MFT IPSFT QVOUFT MFT DVFT TØO IBCJUVBMT J B WFHBEFT QSPWPDB OPNCSPTFT NP MÒTUJFT BMT VTVBSJT - BMUSB QVOU OFHSF EF M FTUBDJØ EF #BEBMPOB J RVF TFHPOT FM QSFTJEFOU E "EJG T BDBCBSË

RVBO FTUJHVJ SFNPEFMBEB FT MB HSBO RVBOUJUBU EF QFS TPOFT RVF OP QBHVFO FM CJUMMFU EF USFO J TBMUFO MFT UBORVFT QFS FWJUBS FM DPOUSPM EF MFT NËRVJOFT &M QSPKFDUF JODMPV FM UBODBNFOU UPUBM EF M FTUBDJØ QFS FWJUBS BRVFTU UJQVT E BDDJPOT -B SFNP EFMBDJØ TFHPOT M BMDBMEF EF #BEBMPOB UBNCÏ QSFWFV VOB DPOOFYJØ EJSFDUF BNC M BQBSDBNFOU TJUVBU BM DPTUBU EF MB QMBUKB

DFWXDOLWDW

DFWXDOLWDW 6O NFOPS J VOB BWJB TØO BUSBDBUT B QVOUB EF QJTUPMB B M JOUFSJPS EF DBTB TFWB B MB GBÎBOB NBSÓUJNB 1SPHSÏT t &MT WFÕOT RVF WJVFO B MB GBÎBOB NBSÓUJNB OP WJVFO USBORVJMT J TF TFOUFO JOTFHVST 4FHPOT IB QPHVU TBCFS BRVFTU TFUNBOBSJ B USBWÏT EFMT WFÕOT EF MB [POB M BMMBV EF SPCB UPSJT OP QBSB E BVHNFOUBS B MB [POB &M EBSSFS DBT RVF IB FTUBU DPOmSNBU QFS GPOUT EFMT .PTTPT E &TRVBESB IB EFJYBU FO FTUBU EF YPD B NPMUT WFÕOT &M QBTTBU EJWFOESFT E PDUVCSF BM WPMUBOU EF MFT EVFT EFM NJHEJB USFT QFS TPOFT WFTUJEFT EF QJOUPST J QSFTVNQUBNFOU E PSJHFO TVE BNFSJDË T FTQFSBWFO QFS FO USBS B VOB QPSUFSJB EF MB 1MBÎB 7BJYFMM .BSJB "TTVNQUB 6O NFOPS E PO[F BOZT J WFÓ EF M FEJmDJ FMT WB EFJYBS FOUSBS J WB QVKBS BNC FMMT B M BTDFOTPS RVBO EF TPCUF WBO USFVSF USFT QJTUPMFT J WBO QPEFS FOUSBS B M JNNPCMF PO WJV BRVFTU NF OPS &O BRVFMM NPNFOU OPNÏT IJ IBWJB M BWJB RVF WB SFCSF BNFOBDFT J KVOUBNFOU BNC FM NFOPS WBO TFS USBTMMBEBUT BM MBWBCP PO WBO TFS MMJHBUT J UBO DBUT 4FHPOT GPOUT QPMJDJBMT FMT MMBESFT FT WBO FNQPSUBS FVSPT J OPNCSPTFT KPJFT "RVFTU SPCBUPSJ ÏT FM

t - BVHNFOU EF SPCBUPSJT T IBO OPUBU TPCSFUPU B MB GBÎBOB NBSÓUJNB &M 505

B MB GBÎBOB NBSÓUJNB OP TØO FMT ÞOJDT DBTPT E JOTFHVSFUBU RVF T IBO QSPEVÕU B MB [POB 'B QPDT EJFT VOT EFTDPOFHVUT WBO FOUSBS EF OJU B M JOUFSJPS E VO BQBSDBNFOU QSJWBU E VO FEJGJDJ J WBO NBMNFUSF NÏT E VOB WJOUFOB EF WFIJDMFT "RVFTU GFU T IB SFQFUJU FO OPNCSPTPT BQBSDBNFOUT EF

RVBSU TFHPOT FMT WFÕOT RVF T IB QSPEVÕU FO BRVFTU FEJmDJ FO QPDT EJFT EF EJGFSÒODJB J IB GFU TBMUBS UPUFT MFT BMBSNFT DPUYFT EFTUSPTTBUT QFS VOT EFTDPOFHVUT FO VO BQBSDBNFOU EF MB GBÎBOB NBSÓUJNB &MT SPCBUPSJT RVF T IBO QSPEVÕU

7DPEÉ ÉV QRWÍFLD #FSOBU #BSØ FM DBQ EFMT .PTTPT EF #BEBMPOB TFSË DPNJTTBSJ

'BMDØ EFOVODJB FM NBM mOBOÎBNFOU EF MFT QPMJDJFT MPDBMT

&M DBQ EF M ËSFB CËTJDB QPMJDJBM EFMT .PTTPT E &TRVBESB B #BEBMPOB J 4BOU "ESJË #FSOBU #BSØ TFSË OPNFOBU FM QSPQFS NFT EF EFTFNCSF OPV DP NJTTBSJ #BSØ WB BSSJCBS B MB DPNBSDB M BOZ FO TVCTUJ UVDJØ EF 4FSHJ 1MB %F NPNFOU ÏT EFTDPOFJY RVJ TFSË FM SFMMFV EF #BSØ B #BEBMPOB % BMUSB CBOEB MB CBEBMPOJOB $SJTUJOB .BOSFTB UBNCÏ TFSË OPNF OBEB DPNJTTBSJB J FT DPOWFSUJSË FO MB QSJNFSB EPOB RVF PCUÏ BRVFTU DËSSFD

&M 1SJNFS 5JOFOU E "MDBMEF EF M "KVOUBNFOU EF #BEBMPOB 'F SSBO 'BMDØ $J6 IB BMFSUBU RVF FM NBM GJOBOÎBNFOU EFMT BKVOUBNFOUT UÏ DPOTFRàÒODJFT UBNCÏ FO FM QSFTTVQPTU EF MB (VËSEJB 6SCBOB )P IB EJU FO FM NBSD EF MFT FOFT KPSOB EFT EF M "TTPDJBDJØ EF $BQT J $PNBOEBNFOUT EF MB 1PMJDJB -PDBM EF $BUBMVOZB 6OB EF MFT TPMVDJPOT QBTTB TFHPOT 'BMDØ QFS QSJPSJU[BS MB QPMJDJB KB RVF iTFOTF TFHVSFUBU OP IJ IB MMJCFSUBUw

QBH JOEE

#BEBMPOB BDVMM M FYQPTJDJØ i'JDBS IJ FM OBT &TTÒODJFT J GSBHËODJFT OBUVSBMT 'JOT FM EJB EF OPWFNCSF MB 1MBÎB "TTFNCMFB EF $BUBMVO ZB EBWBOU EF $PSSFV BDVMM MB DBSQB BNC M FYQPTJDJØ i'JDBS IJ FM OBT &TTÒODJFT J GSBHËODJFT OBUVSBMTw -B NPTUSB PGFSFJY MB QPTTJCJMJUBU EF EFTFOWPMVQBS B USBWÏT EF WJOU J TJT BSPNFT FY QPTBUT FM HSBO PCMJEBU EFMT DJOD TFOUJUT M PMGBDUF &M QÞCMJD QPU DPOÒJYFS MFT CBTFT DJFOUÓmRVFT EF M PMGBDDJØ FMT BTQFDUFT DVMUV SBMT J IJTUÛSJDT EF MB SFMBDJØ EF M ÏTTFS IVNË BNC MFT PMPST

727 %DGDORQD

623$56

%*+064 %*7&/%3&4 %*44"#5&4

DFWXDOLWDW

$BSMFT $BSWBKBM SFEBDDJP!FMUPUEJHJUBM DPN

%FHVTUJ (BVEFJYJ 5BTUJ t &TUBU E VO WFIJDMF BQBSDBU BM CBSSJ EF $BTBHFNFT MB TFUNBOB QBTTBEB

MB DJVUBU EF #BEBMPOB TFHPOT IBO DPOmSNBU GPOT QPMJDJBMT

&MT WFÕOT EF $BTBHFNFT DBOTBUT EFMT SPCBUPSJT B M JOUFSJPS EF WFIJDMFT 5BM J DPN QVCMJDBWB MB TFUNB OB QBTTBEB BRVFTU TFUNB OBSJ EVSBOU FMT EBSSFST EJFT IBO BVHNFOUBU EF GPSNB DPO TJEFSBCMF FMT GVSUT B M JOUFSJPS EF WFIJDMFT BQBSDBUT BM DB SSFS "M CBSSJ EF $BTBHFNFT HBJSFCÏ DBEB EJB BQBSFJY BMHVO WFIJDMF BNC FMT WJESFT USFODBUT WÓDUJNB E VO SPCBUPSJ .PMUFT WFHBEFT FMT MMBESFT OP T FNQPSUFO SFT EF M JOUFSJPS EFM WFIJDMF QFSÛ DBVTFO VO HSBO USBTCBMT BM QSPQJFUBSJ EFM WFIJDMF QFSRVÒ IB EF DBOWJBS FMT WJESFT 4FHPOT EBEFT QP MJDJBMT FM OPNCSF EF SPCBUPSJT J GVSUT IBO BVHNFOUBU B UPUB #BEBMPOB EVSBOU FMT EBSSFST NFTPT

4J IBT FTUBU 4J IBT FTUBU UFTUJNPOJ E VO GFU UFTUJNPOJ E VO GFU 4J BM UFV CBSSJ P DBSSFS 4J BM UFV CBSSJ P DBSSFS IJ QBTTB BMHVOB DPTB IJ QBTTB BMHVOB DPTB 4J U IBO FYQMJDBU RVF EJVFO 4J U IBO FYQMJDBU RVF EJVFO RVF QPUTFS IB QBTTBU RVF QPUTFS IB QBTTBU "M 505 "M 505 IP WPMFN TBCFS IP WPMFN TBCFS IP "M 505 FMBCPSFN MB "M 505 FMBCPSFN MB JOGPSNBDJØ RVF U JOUFSFTTB JOGPSNBDJØ RVF U JOUFSFTTB MB JOGPSNBDJØ NÏT QSPQFSB MB JOGPSNBDJØ NÏT QSPQFSB J TPCSFUPU MB JOGPSNBDJØ J TPCSFUPU MB JOGPSNBDJØ NÏT QMVSBM NÏT QMVSBM 4JHVFT FM OPTUSF 4JHVFT FM OPTUSF DPSSFTQPOTBM DPSSFTQPOTBM SFEBDDJP!FMUPUEJHJUBM DPN SFEBDDJP!FMUPUEJHJUBM DPN 727 %DGDORQD

QBH JOEE

/D QRVWUD FXLQD HQ PLQLDWXUD 3/$76 )5('6 (8526 ;DUUXS GH JHODW GH LRJXUW DPE EULFN GH ERWLIDUUD $Q[RYHV GHO &DQWjEULF DPE SD GH FRFD L WRPjTXHW %RPER GH IRUPDWJH DPE FURFDQW GH FDFDXHWV $PDQLGD GH IRUPDWJH DPE IUXLWV VHFV FUXL[HQW GH SRPD L YLQDJUHWD GH PHO $PDQLGD GH SHUQLO LEqULF L VRUSUHVD GH IRLH &DUSDFFLR G·jQHF DPE ROL GH WUXID L SDUPHVj )RLH PL FXLW DPE FDUDPHO GH TXLFRV L SXUp GH SRPD

3/$76 &$/(176 %XQ\RO GH EDFDOOj DPE PHOPHODGD GH WRPjTXHW

/ODJRVWt HPEROLFDW DPE SDWDWD FUXL[HQW L VDOVD URPHVFR &URTXHWD GH SHUQLO LEqULF DPE FHED FRQÀWDGD

&DUEDVVRQV IDUFLWV

3DWDWHV EUDYHV

´0LJDVµ GH SD DPE WRPjTXHW L [LVWRUUD GH =DUDXW]

&DQHOy GH WzIRQD DPE FURVWRQV GH SD

5LVVRWWR GH EROHWV DPE FRQÀW ĊjQHF L SDUPHVj

3/$76 '( 3(,;26 %DFDOOj FRQWDW DPE FUHPD GH ´3XUUXVDOGDµ +DPEXUJXHVD GH VqSLD DPE VDOVD GH JDOHUHV 3RS D OD JDOOHJD DPE SXUp GH SDWDWHV L ROL GH SHEUH YHUPHOO /OXo DPE VDOVD GH YL EODQF L WzIRQD &DODPDUV GH SODWMD VDOWHMDWV DPE JHODWLQD GH OOLPRQD VDOVD GH VRMD L JLQJHEUH

3/$76 '( &$516 %URTXHWHV GH SROODVWUH \DNLWRUL DPE FHED WHQGUD VDOWHMDGD 9HGHOOD URVWLGD D EDL[D WHPSHUDWXUD DPE SXUp GH SDWDWHV L FHED FRQÀWDGD +DPEXUJXHVD GH PDJUHW ĊjQHF DPE IRLH L SXUp GH SRPD %RPER GH SHXV GH SRUF ODFDW IDUFLW GH FHSV L OODJRVWLQV )RLH D OD SODQ[D DPE WRIIHH GH SOjWDQ L PDQJR D OD UHGXFFLy GH PzGHQD

7$67(6 '( 32675(6 3DVWtV GH IRUPDWJH DPE FRXOLV GH PDGXL[D 7LUDPLV~ FDVROj 6RXIÁp GH [RFRODWD DPE JHODW GH WDURQMD (VFXPD GH FUHPD FDWDODQD DPE JHODW GH FDUDPHO %ROD GH JHODW FDVROj 4XDOODGD FDVRODQD DPE FUHPD DQJOHVD L PHOPHODGD GH PDGXL[D

5(6(59(6

& / (VFDOD Q &DQ\HW %$'$/21$ ZZZ UHVWDXUDQWSDOPLUD FRP

DFWXDOLWDW

DFWXDOLWDW

5SPCB UPUFT MFT OPUÓDJFT B XXX FMUPUEJHJUBM DPN

- "KVOUBNFOU GB VO CPO CBMBOÎ EF MB UFNQPSBEB EF QMBUKB #BEBMPOB t 2VBO KVTUBNFOU BRVFTUB TFUNBOB IB BSSJCBU FM GSFE B #BEBMPOB FM DPOTJTUPSJ IB GFU CBMBOÎ EF MB UFNQPSBEB EF QMBUHFT E BRVFTU BOZ 4FHPOT M "KVOUBNFOU FOHVBOZ QSFTFOUB VO CBMBOÎ NPMU QPTJUJV B DBVTB FO CPOB QBSU EF MB JOUSPEVDDJØ E VO DPOKVOU E BDUVBDJPOT EF NJMMPSB RVF IBO EPOBU VOT SFTVM UBUT NPMU TBUJTGBDUPSJT 5BNCÏ IB KVHBU NPMU B GBWPS FM GFU RVF EFT E VO QVOU EF WJTUB DMJNBUPMÛHJD IB FTUBU VOB UFNQPSBEB FY USBPSEJOËSJB KB RVF FM CPO UFNQT TFOTF QMVHFT OJ UFNQPSBMT IB FTUBU MB OPUB QSFEPNJOBOU 1FM RVF GB B MB OFUFKB EF MB TPSSB DBM EFTUBDBS M BVHNFOU EFMT SFTJEVT SFDPMMJUT UPOFT NÏT RVF M BOZ QBTTBU &O UPUBM FT WBO SFDPMMJS UPOFT EF SFTJEVT B MB TP SSB 1FM RVF GB B MB SFDPMMJEB EF TÛMJET nPUBOUT M FNCBSDBDJØ EF M "KVOUBNFOU EF #BEBMPOB IB SFDPMMJU NFUSFT DÞCJDT .JMMPSB MB RVBMJUBU EF M BJHVB EF NBS 2VBOU B MB RVBMJUBU NJDSPCJP MÛHJDB EF MFT BJHàFT EF CBOZ FOHVBOZ T IB QSPEVÕU VOB NJMMP SB SFTQFDUF M BOZ KB RVF BRVFTU FTUJV FM EFMT DPO USPMT FGFDUVBUT IBO JOEJDBU RVF MB

t - "KVOUBNFOU IB GFU CBMBOÎ EF MB UFNQPSBEB EF QMBUHFT E FOHVBOZ &M 505

RVBMJUBU EF M BJHVB FSB FYDFMtMFOU NFOUSF RVF M FTUJV QBTTBU BRVFTU QFSDFOUBUHF WB TFS EFM 1FM RVF GB B MFT CBOEFSFT BRVFTU BOZ MB CBOEFSB WFSEB T IB QPHVU WFVSF VO UPUBM EF WFHBEFT MB RVBM DPTB SFQSFTFOUB VO QFS DFOU EFM UPUBM NFOUSF RVF M BOZ MB CBOEFSB WFSEB WB POFKBS FO VO QFS DFOU EFM QFSÓPEF "RVFTU FTUJV MB CBOEFSB HSPHB IB POFKBU FO PDBTJPOT J MB WFSNF MMB WFHBEFT &O SFMBDJØ BM TFSWFJ EF TBMWBNFOU J TPDPSSJTNF T IBO BUÒT VO UPUBM EF QFSTPOFT -B NBKPSJB EF MFT BDDJPOT SFBMJU [BEFT FO BRVFTU ËNCJU IBO FTUBU EF UJQVT QSFWFOUJV 1FM RVF GB BM TFSWFJ E BDPNQBOZBNFOU B MFT QFSTPOFT BNC NPCJMJUBU SFEVÕEB FM OPNCSF E BTTJTUÒODJFT WB TFS EF

.JMMPSFT EF DBSB B MB QSPQFSB UFNQPSBEB %F DBSB B MB QSPQFSB UFN QPSBEB MB SFHJEPSB EF .F E J " N C J F O U J . P C J M J U BU E F M "KVOUBNFOU EF #BEBMPOB .FSDÒ 3JVT IB EFTUBDBU RVF M PCKFDUJV ÏT QPSUBS B UFSNF OPWFT BDUVBDJPOT EF NJMMPSB DPN MB SFOPWBDJØ EF MB KBS EJOFSJB EF MFT EVOFT J EF MB CBSDB RVF EØOB FM OPN BM USBN EF MB QMBUKB EF MB #BSDB .BSJB JOTUBMtMBS OPWFT EVUYFT J OPVT MBWBCPT FO BMHVOFT [POFT USFVSF BMHVOFT SPRVFT EF MB [POB EF MB TPSSB JOUFOTJmDBS FM DPOUSPM EFMT QFTDBEPST BM QPOU EFM 1FUSPMJ J NPEJGJDBS FMT NÛEVMT EF TBMWBNFOU J TPDPSSJTNF FOUSF BMUSFT RàF TUJPOT

7DPEÉ ÉV QRWÍFLD &M 1BSD EF $B M "SOÞT FTDFOBSJ E VOB QFMtMÓDVMB EF UFSSPS

.POPQPMZ PSHBOJU[B VOB 3FEVFJYFO B MB NFJUBU FMT HSBO QBSUJEB PO IJ QBSUJDJQB BOZT EF DPODFTTJØ EF #BEBMPOB OÓOYPMT B .POUHBU

- FNCMFNËUJD QBSD CBEBMPOÓ T IB DPOWFS UJU GJOT BRVFTU EJWFOESFT FO M FTDFOBSJ EFM SPEBUHF E VOB QFMtMÓDVMB EF UFSSPS EF M FNQSFTB DBUBMB OB 'JMNBY &M mMN QPSUB QFS UÓUPM i%FOUSP EF NJw EJSJHJU QFS .BOVFM $BSCBMMP USBDUBSË MFT QPTTFTTJPOT EJBCÛMJRVFT E VOB NBOFSB SFBMJTUB "M QBSD EF $B M "SOÞT T VUJMJU[BSBO EJ GFSFOUT FTQBJT DPN M JOUFSJPS EF MB DBTB VCJDBEB BM DPTUBU EFM MMBD

.POPQPMZ &TQBOZB WB SFVOJS BRVFTU EJNFDSFT BM DFOUSF DPNFSDJBM .PEB 4IPQQJOH EF .BESJE FMT SFQSFTFOUBOUT EF DBEBTDVOB EF MFT MPDBMJUBUT RVF DPOGPSNFO FM OPV UBVMFS EFM QPQVMBS KPD EF UBVMB -B HSBO QBSUJEB WB SFVOJS VO SFQSFTFO UBOU EF MB DJVUBU EF #BEBMPOB 3FDPSEFN RVF BRVFTUFT MPDBMJUBUT RVF BQBSFJYFO FO FM OPV .POPQPMZ IBO FTUBU USJBEFT B USBWÏT E JOUFSOFU FO VOB iEVSB J SJWBMJU[BEBw FUBQB EF WPUBDJPOT

"DUVBMJUBU 1BH JOEE

&M EBSSFS QMF NVOJDJQBM EF .POUHBU IB BQSPWBU QFS VOB OJNJUBU FM OPV SFHMBNFOU E ÞT EFM DFNFOUJSJ NVOJDJQBM FO RVÒ FT SFEVFJYFO B MB NFJUBU FMT BOZT EF DPODFTTJØ QFS PDVQBS FMT OÓOYPMT -B NFTVSB OPNÏT QFSNFUSË RVF M ÞT EF DBEBTDVO E BRVFTUT MMPDT EF TFQVMUVSB FTUJHVJ WJHFOU EVSBOU BOZT QFS FWJUBS RVF FO VOB EÒDBEB FM DFNFOUJSJ RVFEJ TBUVSBU "SB NBUFJY OPNÏT RVFEFO MMJVSFT VOB DJORVBOUFOB EF OÓOYPMT

727 %DGDORQD

#BEBMPOB ÏT VOB EF MFT DJVUBUT BNC QJUKPS SFQVUBDJØ EF M &TUBU " BMUSB CBOEB J DPN B NJMMPS TJUVBEFT FT USPCFO .BESJE #BSDFMPOB J WBMÒODJB -FT EBEFT FT EFTQSFOFO EF FOUSFWJTUFT UFMFGÛOJ RVFT FGFDUVBEFT FOUSF FMT NFTPT EF TFUFNCSF J PDUVCSF EJFT BCBOT RVF FTDMBUFT FM DBT 1SFUÛSJB J UBNCÏ M PQJOJØ EF FYQFSUT FO HFTUJØ VS CBOB

#BEBMPOB t &M EBSSFS JOGPSNF .FSDP $JVEBE IB BOB MJU[BU DJVUBUT EF M &TUBU EF NÏT EF IBCJUBOUT JODMPTFT MFT DBQJUBMT EF QSP WÓODJB RVF OP BSSJCFO B BRVFT UB YJGSB PSEFOBOU BRVFTUFT DJVUBUT TFHPOT MB OFUFKB MB TFHVSFUBU MFT DPNVOJDBDJP OT FM USËOTJU P FM OJWFMM EF QSFVT

&OUSF MFT DJVUBUT QJUKPST TJUVB EFT FT USPCB #BEBMPOB RVF TFHPOT BRVFTU JOGPSNF IB DSFTDVU EF GPSNB NPMU SËQJEB J EFTNFTVSBEB 4FHPOT .FSDP $JVEBE VOB EF MFT DJVUBUT EF M &TUBU BNC QJUKPS SFQVUBDJØ FT 4BOUB $P MPNB EF (SBNFOFU TFHVJU EF NPMU B QSPQ EF #BEBMPOB J M )PTQJUBMFU EF -MPCSFHBU

&MT OPVT SFQUFT EF MB VSCBOJU[BDJØ J MB TFWB DPFYJTUÒODJB USBDUBUT B MB UFSDFSB KPSOBEB $BOZFU .BS 7FSE

5BORVFO EPT PSBUPSJT RVF OP UFOJFO MMJDÒODJB B #BEBMPOB

#BEBMPOB t - VSCBOJTNF FM QBJ TBUHF P FM QBUSJNPOJ TØO BMHVOT EFMT BTQFDUFT RVF T IBO USBDUBU FO MB UFSDFSB KPSOBEB $BOZFU .BS 7FSE DFMFCSBU FM QBTTBU DBQ EF TFUNBOB 6O EFMT UFNFT DFO USBMT WB TFS MB SFEBDDJØ J BQMJDBDJØ E VO 1MB %JSFDUPS EF $BOZFU RVF TFHPOT FMT PSHBOJU[BEPST BDUVBMNFOU USBTQBTTB M FTDBMB MPDBM J QSFO GPSÎB EJOT M FTUSVDUVSB EF M ËSFB NFUSPQPMJUBOB " M BDUF IJ WBO QBSUJDJQBS FOUSF E BMUSFT QFSTPOBMJUBUT FM QSFTJEFOU EFM 'ÛSVN EF .VOJDJQJT EFM #BSDFMP OÒT /PSE +FTÞT .BSJB $BOHB

DFWXDOLWDW

$BSMFT $BSWBKBM SFEBDDJP!FMUPUEJHJUBM DPN

#BEBMPOB t %VSBOU FMT EB S S F S T E J F T G V O D J P O BS J T E F M "KVOUBNFOU EF #BEBMPOB J BHFOUT EF MB (VËSEJB 6SCBOB IBO QSPDFEJU B QSFDJOUBS EPT PSBUPSJT VO EF NVTVMNË J M BMUSB FWBOHÒMJD TJUVBUT BM DBSSFS EF MB 1SJNBWFSB J BM DBSSFS $PWBEPOHB SFTQFDUJ WBNFOU

PCSFT TFOTF BVUPSJU [BD JØ - BMUSB MPDBM RVF T IB QSFDJO UBU BRVFTU EJNFDSFT FT VO MPDBM EF DVMUF FWBOHÒMJD RVF FSB VUJMJU[BU QFS WFÕOT E PSJHFO TVCTBIBSJË

&M QSJNFS UJOFOU E BMDBMEF J SF HJEPS EFM EJTUSJDUF TJTÒ 'FSSBO 'BMDØ IB WBMPSBU iQPTJUJWB NFOUw M BDDJØ EFM DPOTJTUPSJ J &M UBODBNFOU T IB QSPEVÕU IB NBOJGFTUBU RVF iEFNPTUSB EFTQSÒT EF DPNQSPWBS RVF MB WPMVOUBU DMBSB EFM HPWFSO OP UFOJFO MB DPSSFTQPOFOU NVOJDJQBM E PSEFOBS BRVFTUB DPNQMFYB RàFTUJØ J HBSBOUJS MMJDÒODJB NVOJDJQBM " NÏT FT EØOB MB DJSDVNT RVF M FYFSDJDJ EFM ESFU EF DVMUF UËODJB RVF B M PSBUPSJ NVTVM FT GBDJ TFNQSF DPNQMJOU BNC NË RVF FT WB PCSJS B M BHPTU FMT EFVSFT RVF EFmOFJY MB OPS T FTU BWF O SFBMJU [ BOU VOFT NBUJWB BENJOJTUSBUJWBw

7DPEÉ ÉV QRWÍFLD .POUHBU BOVMtMB MB 3FWFUMMB 5BMMFS EF DJSD B .POUHBU EF $BQ E "OZ QFS MB DSJTJ

¾NOJVN $VMUVSBM PSHBOJU[B BRVFTU EJTTBCUF $PJODJEJOU BNC MB QSPQFSB MB GFTUB EF QSFTFOUBDJØ EFM - "KVOUBNFOU EF .POUHBU IB EFTFOB FEJDJØ EFM 'FTUJWBM EF -MJCSF (FHBOU EFDJEJU FOHVBOZ OP PSHBOJU[BS MB SFWFUMMB EF $BQ E "OZ RVF IBCJUVBMNFOU TF DFMFCSBWB BM QP MJFTQPSUJV NVOJDJQBM 4FHVJOU MB QPMÓUJDB EF DPOUFODJØ FDPOÛNJDB NBSDBEB QFS FM DPOTJTUPSJ QFS MB DSJTJ M FMJNJOBDJØ E BRVFTU BDUF T IB QSFT QFSRVÒ UFOJB VO BMU DPTU EF FDPOÛNJD - "KVOUBNFOU IP IB WPMHVU BOVODJBS BNC BO UFMBDJØ QFS FWJUBS QSPCMFNFT B EBSSFSB IPSB EF QFSTPOFT RVF UFOJFO QFOTBU DFMFCSBS IP BM QPMJFTQPSUJV EF .POUHBU 727 %DGDORQD

"DUVBMJUBU 1BH JOEE

$JSD EF .POUHBU MB 3FHJEPSJB EF $VMUVSB FTUË PSHBOJU[BOU VO UBMMFS EF UÒDOJRVFT CË TJRVFT EF DJSD EF DBSB B MB TFHPOB NFJUBU EF OPWFNCSF EFTFNCSF J HFOFS &MT HSVQT J FMT IPSBSJT FT GPS NBSBO EFQFOFOU EF MB EFNBO EB RVF UJOHVJ BRVFTU UBMMFS -FT QFSTPOFT JOUFSFTTBEFT QPEFO EJSJHJS TF BM $FOUSF $ÓWJD EF MFT .BMMPSRVJOFT BM UFMÒGPO EVSBOU UPU FM EJB

&M -MJCSF (FHBOU ÏT VOB JOJDJBUJWB RVF FT WB JOJDJBS QFS DPNNFNP SBS FM EFTÒ BOJWFSTBSJ EFM QSFNJ -PMB "OHMBEB ¾NOJVN $VMUVSBM T IB FODBSSFHBU EF SFDPMMJS UPUT FMT DPOUFT J FORVBEFSOBS MPT J EPOBS MJ FM GPSNBU EF -MJCSF (FHBOU "RVFTU EJTTBCUF FMT FTDSJQUPST oFMT OFOT J OFOFT J FMT JMtMVTUSBEPST FM WFVSBO QFS QSJNFSB WFHBEB - BDUF UJOESË MMPD B MFT I B MB TFV E ¾NOJVN BM DBSSFS EF MB $PTUB

RSLQLÓ

DPE YHX SUÒSLD $BO 3VUJ NPCJMJUBU HFOT TBMVEBCMF %PMPST 4BCBUFS IUUQ CMPDT NFTWJMBXFC DBU NJP[[

4ØO JODPNQUBCMFT MFT WFHBEFT RVF UPUT QMFHBUT IFN EF QVKBS B MB NVOUBOZB EF $BO 3VUJ J OP QSFDJTBNFOU QFS HBVEJS E VOB TPSUJEB DBNQFTUSF " NÏT EF TFS VOB HSBO [POB OBUVSBM QFS PO QBTTFKBS J RVF DPNQUB BNC VO CFSFOBEPS RVF BUSBV NPM UB DPODVSSÒODJB BMMË EBMU T IJ BDVNVMFO NPMUT TFSWFJT JNQSFT DJOEJCMFT M )PTQJUBM (FOFSBM FM 5BOBUPSJ M *OTUJUVU (VUUNBOO J MB 3FTJEÒODJB EF %JTNJOVÕUT 1SP GVOET "DVNVMBS TFSWFJT FO VOB [POB NBM DPNVOJDBEB OP ÏT JOUFMtMJHFOU M FSSPS FTQFDVMBUJV EF DPOWFSUJS FMT UFSSFOZT EF $BO 3VUJ FO UFSSFOZT EFTUJOBUT B TFS WFJT WF E VO QBTTBU GSBORVJTUB RVF OP QPEFN DBOWJBS QFSÛ MB EFDJTJØ E BVHNFOUBS IJ FMT FRVJ QBNFOUT J OP SFTPMESF CÏ FMT BD DFTTPT QFSUBOZ B M ÒQPDB BDUVBM -FT NBODBODFT RVF BDVNVMB

BRVFMMB [POB TØO NBKÞTDVMFT J BGFDUFO B VO HSBO OPNCSF EF DJVUBEBOT EJËSJBNFOU &O UPU FM DPOKVOU EF MB NVOUBOZB J FOUSF FMT TFVT FRVJQBNFOUT OP IJ IB DBNJOT TFHVST NPMUT USB NT EF MB DBSSFUFSB OP EJTQPTFO EF WPSFSB J FO BMHVOT DBTPT OJ UBO TPMT EF DVOFUB 1VKBS IJ B QFV P EFTQMBÎBS T IJ FOUSF VO FRVJQBNFOU J VO BMUSF ÏT FO HFOFSBM JNQPTTJCMF -B SFDFOU NJMMPSB FO M FOUPSO EF M *OTUJUVU (VUUNBOO ÏT VOB FYDFQDJØ QFSÛ OP QBT MB OPSNB -FT QB SBEFT E BVUPCÞT o USFU EF MFT RVF IJ IB B M PSJHFO J mOBM KB B M IPTQJUBM J MB EF EBWBOU EF MB SFTJEÒODJB FTUBO VCJDBEFT FO MMPDT JOTFHVST NPMUFT WFHBEFT B QFV EF DBSSFUFSB TFOTF VO NÓOJN E FTQBJ PO FTQFSBS TF MB EF EBWBOU EFM DBNÓ RVF QPS UB B M &TDPMB EF /BUVSB EF MB NBTJB EF $BO .JSBWJUHFT P MB RVF EFJYB B QFV E FTDBMB EFM 5BOBUPSJ TØO EF MFT RVF NÏT HFOU GB TFSWJS BNC VO OJWFMM EF QFSJMMPTJUBU NPMU BMU &M TFSWFJ E BVUPCVTPT NBMHSBU

MFT NJMMPSFT FT NBOUÏ JOTVm DJFOU DPNQMJDBU J QPD PQFSBUJV FTQFDJBMNFOU QFS BSSJCBS BM 5B OBUPSJ J B M )PTQJUBM TJ FT UFOFO EJGJDVMUBUT EF NPCJMJUBU EF MB QBSBEB B MB QPSUB IJ IB NÏT EF NFUSFT

5PU QMFHBU FNQFOZ B BHBGBS FM DPUYF RVF B QBSU EF TFS FM NJUKË NÏT DPOUBNJOBOU ÏT QSJWBU J QSJWBUJV OJ UPUIPN FO UÏ OJ IJ IB QSPV FTQBJ QFSRVÒ UPUIPN M BQBSRVJ 1FSÛ MFT RVFJYFT DJV UBEBOFT TPCSF M BDDFTTJCJMJUBU B $BO 3VUJ FT WBO BDBCBS BNC MB HSBUVÕUBU EF M BQBSDBNFOU VO CFOFmDJ TFMFDUJV RVF IB GFU PCMJ EBS HSBO QBSU EF MFT SFJWJOEJDB DJPOT TPCSF MB [POB /P QBSMBSÏ EFM EJTCBSBU RVF IB TVQPTBU QP TBS FM 5BOBUPSJ BMMË EBMU QFSRVÒ KB IP IF GFU BMUSFT DPQT J B NÏT KB OP UÏ SFNFJ QFSÛ OP WVMM EFJYBS E FTNFOUBS M FOTBSSPOBEB RVF WBN QBUJS UPUT QMFHBUT FO OPN EF MB SFJWJOEJDBDJØ E VOT VTPT QFS BM 1BSD 4FSFOUJMM o RVF ÏT PO IBWJB E BOBS VCJDBU EFMT RVF NBJ NÏT OJOHÞ O IB UPSOBU B TFOUJS QBSMBS

i+B FOT DPOFJYFTw +PBO 4PMFS J "NJHØ

&MT DBSUFMMT EFM 146$ B MFT QSJNFSFT FMFDDJPOT NVOJDJQBMT CBEBMPOJOFT EFJFO BRVFTU FT MPHBO +P WBJH GPSNBS QBSU EF MB MMJTUB DPN B iOP BMJOFBUw EF M "TTFNCMFB EF $BUBMVOZB &M QSJNFS FSB FO .ËSJVT %ÓB[ i+B FOT DPOFJYFTw UFOJB PSHVMM E IPOFTUFEBU TBQT RVF IFN USFCBMMBU J FOT M IFN KVHBU FO GSPOU EF MB EJDUBEVSB J QFS MB EFNPDSËDJB 5BNCÏ TVQPTBWB DPNQMJDJUBU TPN DPODJVUB EBOT TBQT RVF OP U FOHBOZFN RVF OP U FTUBGBSFN i+B FOT DPOFJYFTw /P TBCÓFN DPN GVODJPOBWB VO BKVOUBNFOU QFS EJOUSF QFSÛ TBCÓFN RVJOB DJVUBU WPMÓFN MB NBKPSJB EF CBEBMPOJOT J CBEBMPOJOFT /P TBCÓFN DPN FT GFJB VO EJDUBNFO /P TB CÓFN MFT MMFJT OJ DPN USBDUBS BNC FM TFDSFUBSJ M JOUFSWFOUPS J FM USFTPSFS 1FSÛ UFOÓFN VO

0QJOJP 1BH JOEE

GSFT RVF IBO BDVNVMBU USBN QPTBNFOU 1FSÛ OP TFNQSF UFOJN QSFTFOU RVF FSFO EJOFST QÞCMJDT QFS B GFS FTDPMFT QBSDT SFTJEÒODJFT CJCMJPUF RVFT QFS B GFS GSPOU B M BUVS QFS BUFOESF NJMMPS FMT JNNJ HSBOUT &MT DPSSVQUFT OP IP TØO OPNÏT QFSRVÒ SPCFO EJ OFST TJOØ QFSRVÒ FOT SPCFO MB QPTTJCJMJUBU EF TFS VOB DJVUBU NÏT BNBCMF NÏT EF UPUT 1J UKPS FODBSB FOT SPCFO MB GF FO MB EFNPDSËDJB FO MB QPMÓUJDB FO MB MMJCFSUBU MB JHVBMUBU J MB GSBUFSOJUBU FMT CÏOT NÏT JOUBO HJCMFT FMT NÏT EFDJTJVT &MT EJOFST QPUTFS FT QVHVJO SFDV QFSBS QFSÛ MB NPSBM DPMtMFDUJWB DPN FT SFDVQFSB /P IFN EF QFSNFUSF RVF FOT MB SPCJO &OT IBVSFN EF SFBSNBS UPS OBS B GFS QPMÓUJDB EF EFCÛ TFO UJS MB DPN VOB DPTB EF UPUT J OP TPMT E VOT QSPGFTTJPOBMT BMT RVBMT OP TFNQSF DPOFJYFN P RVF OP IFN DPOFHVU GJOT BSB J FO NBMB IPSB i+B FOT DPOFJYFTw

USFNQ JOUFSJPS J NPMUB HFOU BM DPTUBU J BM EBSSFSF &MT iDPT TPT FTUBUBMTw FOT UFNJFO UPU J TFS FMMT FMT RVF EPNJOBWFO MB NËRVJOB NVOJDJQBM 1FS MB OPTUSB DPOWJDDJØ $SÒJFN FO MB QPMÓUJDB DPN VO NJUKË QFS USBOTGPSNBS MB DJVUBU "M DPTUBU EF M FEVDBDJØ MB DVMUVSB FMT TFSWFJT TPDJBMT MB QBSUJDJQB DJØ ²SFN QPMÓUJDT QFSÛ OP VOT QSPGFTTJPOBMT EF MB QPMÓ UJDB &MT OPTUSFT EJTDVSTPT OP FSFO QPMÓUJDBNFOU DPSSFDUFT QFSÛ FSFO EF WFSJUBU 4J BSB FN UPSOFO B MB NFNÛSJB BRVFMMT UFNQT ÏT QFSRVÒ FMT EJBSJT MB SËEJP J MB UFMFWJTJØ FOT JOGPSNFO EF UBOUB QPESJEVSB 4J SFDPSEP BRVFMMB EFNPDSË DJB BDBCBEB E FTUSFOBS OP ÏT QFS EJS RVF OPTBMUSFT ÏSFN NJ MMPST P NÏT IPOSBUT RVF BMHVOT EFMT E BSB 4JOØ QFSRVÒ FOT BEPOFN RVF OP TFNQSF IB FTUBU BJYÓ OJ IB EF TFS BJYÓ QFS GPSÎB /P ÏT B DPOTFRàÒODJB EF DBQ iQFDBU PSJHJOBMw &OT FTDBOEBMJU[FN EF MFT YJ

727 %DGDORQD

HVSRUWV -B 1FOZB TVNB MB TFWB DJORVFOB WJDUÛSJB EBWBOU FM (SBOBEB

#BEBMPOB t &M %,7 TFHVFJY TVNBOU J KB TØO DJOD FMT USJPNGT RVF IB BDPOTFHVJU FO MFT TJT KPSOBEFT EJTQVUBEFT %JTTBCUF QBTTBU WB HVBOZBS FO VOB QJTUB DPNQMJDBEB DPN ÏT MB EFM $# (SBOBEB 6OB WJDUÛSJB RVF TFNCMBWB DÛNPEF RVBO FM %,7 NBSYBWB EF QVOUT B M ÞMUJN RVBSU QFSÛ FM (SBOBEB FO USFT NJOVUT WB EPOBS MB WPMUB J FT WB QPTBS QFS EBWBOU FO FM NBSDBEPS B B TF

727 %DGDORQD

QBH JOEE

&M #BEBMPOB HVBOZB J DPOWFOÎ EBWBOU M "MBDBOU

#BEBMPOB t &MT FTDBQVMBUT WBO UPSOBS EFM 1BÓT 7BMFODJË BNC VOB JNQPSUBOU WJDUÛSJB EFTQSÏT EF GFS VO QBSUJU NPMU TFSJØT J FO FM RVBM FMT CBEBMPOJOT WBO EPNJOBS FO MB TFWB QSËDUJDB UPUBMJUBU " MB QSJNFSB QBSU FM #BEBMPOB WB EPNJOBS BNC NPMUB TVQFSJPSJUBU BGBWPSJU B NÏT QFS KVHBS BNC FM GPSU WFOU GBWPSBCMF (SËDJFT B BJYÛ FMT IPNFT EF #FSOBSEP 'VFOUFT WBO HBVEJS EF EJWFSTFT PDBTJPOT EF HPM "M NJOVU %JFHP 5PSSFT WB BDPOTFHVJS FM QSJNFS HPM EFM QBSUJU -B TFHPOB QBSU OP QPEJB QBTTBS EF MB NJMMPS NBOFSB BM NJOVU 1VHVJ WB BDPOTFHVJS FM TFHPO HPM -B OPUÓDJB OFHBUJWB EFM QBSUJU WB BSSJ CBS EVSBOU FM UFNQT BGFHJU RVBO *TBÕFT WB WFVSF MB UBSHFUB WFS NFMMB EFTQSÏT EF NBOUFOJS VOB UPQBEB BNC VO KVHBEPS MPDBM FM RVBM UBNCÏ WB TFS FYQVMTBU

HPOT QFS MB mOBMJU[BDJØ EFM QBSUJU - FODFSU EF 5VDLFS BNC VO USJQMF J RVBUSF UJST MMJVSFT J M FSSPS FO EPT USJQMFT HSBOBEJOT QPESJFO IBWFS DBOWJBU FM TJHOF EFM QBSUJU "NC BRVFTUB WJDUÛSJB FM %,7 TVNB KB DJOD FO MFT TJT KPSOBEFT EJT QVUBEFT 5VDLFS WB TFS FM NJMMPS KVHBEPS EFM QBSUJU BNC QVOUT J DJOD USJQMFT "RVFTU EJVNFOHF MB 1FOZB EJTQVUBSË MB TFUFOB KPSOB EB B M 0MÓNQJD EBWBOU FM 4V[VLJ .BOSFTB B MFT I

DFWXDOLWDW

3ROÍWLFD &MT JOUFSNFEJBSJT IBVSJFO DPCSBU NJMJPOT QFS M PQFSBDJØ BM TPMBS EF #BEBMPOB #BEBMPOB t -B WFOEB B &TQBJT EFM TPMBS EF MB GBÎBOB NBSÓUJNB RVF FTUË TFOU JOWFTUJHBU QFM +VUHF (BS[ØO FTUË YJGSBEB FO NJMJPOT E FVSPT %FT EFM QSJODJQJ EF M PQFSBDJØ GJOT BM mOBM FMT JOUFSNFEJBSJT WBO DP CSBS TFHPOT MB SFTPMVDJØ KVEJ DJBM NJMJPOT E FVSPT UPU J RVF FO FM TPMBS FODBSB OP T IBWJB FEJmDBU SFT - FNQSFTB &TQBJT EFM EFUJOHVU -MVÓT $BTBNJUKBOB WB QBHBS QSFTVNQUBNFOU VOB DPNJTTJØ EF RVBTJ NJMJPOT E FVSPT B M FYBMU DËSSFD EF MB (FOFSBMJUBU -MVÓT 1SFOBGFUB RVF T IBVSJB SFQBSUJU FMT EJOFST BNC FM DFSWFMM EF MB QSFTVNQUB USBNB EF DPSSVQDJØ -VÓT (BS DÓB J .BDJË "MBWFESB (BS[ØO BTTFHVSB QFSÛ RVF BRVFTUB WB TFS M ÞMUJNB DPNJTTJØ QFSÛ RVF BCBOT FO WBO IBWFS E BMUSFT GJOT BSSJCBS B MB TVNB EFMT NJMJPOT E FVSPT &MT BEWPDBUT E "MBWFESB J 1SFOBGFUB IBO FY QMJDBU RVF MFT DPNJTTJPOT WBO TFS TFNQSF MFHBMT - &TUBU J MB (FOFSBMJUBU WPMFO DPOUSPMBS NÏT FMT DËSSFDT FMFDUFT &M WJDFQSFTJEFOU UFSDFS EFM (P WFSO $FOUSBM .BOVFM $IBWFT IB BOVODJBU RVF MB OPWB -MFJ

t - "KVOUBNFOU EF #BEBMPOB WB EFJYBS E JOHSFTTBS NJMJPOT E FVSPT QFS M PQFSBDJØ FO BRVFTU TPMBS

EFM 3ÒHJN -PDBM JODPSQPSBSË FM QSJODJQJ EF USBOTQBSÒODJB J JNQVMTBSË NFDBOJTNFT EF SFO EJDJØ EF DPNQUFT DPOUSPM EF QBUSJNPOJ J BTTVNQDJØ EF SFT QPOTBCJMJUBUT EBWBOU MB HFTUJØ QFS FWJUBS DBTPT EF DPSSVQDJØ NVOJDJQBM -B JEFB EFM HPWFSO FTUBUBM ÏT EFmOJS NJMMPS FMT EFVSFT EFMT SFHJEPST J BMDBMEFT J BTTFHV SBS TF RVF UPUT FMT DPOWFOJT VSCBOÓTUJDT QBTTJO QFM 1MF EF M "KVOUBNFOU 1FS MB TFWB CBO

EB FM QSFTJEFOU EF MB (FOF SBMJUBU +PTÏ .POUJMMB IB EJU EVSBOU MB DPOWFODJØ NVOJDJ QBM EFM 14$ RVF FM QBSUJU GBSË TJHOBS BMT DËSSFDT FMFDUFT VO DPOUSBDUF EF USBOTQBSÒODJB TPCSF FMT TFVT JOHSFTTPT QB USJNPOJ J HFTUJØ 6O EPDVNFOU RVF QPESË TFS DPOTVMUBU FO RVBMTFWPM NPNFOU QFM DJVUBEË "MDBMEFT J SFHJEPST TPDJBMJTUFT IBO BQSPWBU VOB EFDMBSBDJØ EF iUPMFSËODJB [FSPw BNC MB DPSSVQDJØ

- PQPTJDJØ BDVTB M BMDBMEF iE BNBHBS FM DBQ TPUB M BMBw FO MB HFTUJØ EFM DBT 1SFUÛSJB #BEBMPOB t &MT FGFDUFT EFM DBT 1SFUÛSJB B #BEBMPOB IBO GFU FTDMBUBS VOB CBUBMMB QPMÓUJDB B MB DJVUBU -B EFDJTJØ EF M BMDBMEF +PSEJ 4FSSB EF DSFBS VOB DPNJT TJØ UFDOJDPKVSÓEJDB QFS FTUVEJBS FM QBQFS EFM DPOTFMMFS EFMFHBU EF .BSJOB #BEBMPOB +VBO 'FMJQF 3VÓ[ FO MB USBNB EF DPSSVQDJØ OP IB BHSBEBU B M PQPTJDJØ %FT E *$7 &6J" DSFVFO RVF OP FT QPU DSFBS MB DPNJTTJØ TFOTF RVF IJ QBSUJDJQJO FMT QBSUJUT QPMÓUJDT J MBNFOUFO RVF M BMDBMEF +PSEJ 4FSSB OP SFVOFJYJ FM $POTFMM E "ENJOJTUSBDJØ EF .BSJOB #B

1PMÓUJDB 1BH 1BH JOEE

UÒUJDBw MB HFTUJØ EF M BMDBMEF QFM RVF GB B MB QSFTVNQUF JNQMJDBDJØ EF .BSJOB #BEBMPOB FO MB USBNB EF DPSSVQDJØ 4FHPOT +VSBEP FM DPOTFMM E BENJOJTUSBDJØ iIB EF TFS FM QSJNFSw FO TBCFS RVÒ FTUË QBTTBOU J ÏT BRVFTU ÛSHBO RVJ IB EF EFDJEJS RVÒ T IB GFS QFS JOWFTUJHBS IP i&M RVF IB GFU M BMDBMEF o IB EJU +VSBEP o ÏT QPTBS FODBSB NÏT #BEBMPOB B M VMM EF M IVSBDËw &M QPQVMBS MB NFOUB RVF 4FSSB BOVODJÏT VOB DPNJTTJØ E JOWFTUJHBDJØ J EJFT NÏT UBSE TF O EFTEJHVÏT QFS VOB DPNJTTJØ KVSÓEJDPUÒDOJDB

EBMPOB o PO IJ FTUBO SFQSFTFO UBUT UPUT FMT QBSUJUT QPMÓUJDT o J VO QMF FYUSBPSEJOBSJ QFS BDMBSJS MB TJUVBDJØ &O VOB UFSUÞMJB B 3ËEJP 1PNBS MB SFQSFTFOUBOU E *$7 &6J" B .BSJOB #BEBMPOB $BSNF .BSUÓOF[ IB BDVTBU 4F SSB EF NBODB EF iUSBOTQBSÒODJBw J E wPQBDJUBUw BNC M PQPTJDJØ i/FDFTTJUFN VO BMDBMEF RVF MJEFSJ RVF OP BNBHVJ FM DBQ TPUB M BMBw IB EJU .BSUÓOF[ &O MB NBUFJYB MÓOJB FT QSPOVODJBWB FM SFHJEPS EFM 11 .JRVFM +VSBEP B MB NBUFJYB UFSUÞMJB SBEJPGÛOJDB &M SFHJEPS QPQVMBS IB UJUMMBU EF iQB

727 %DGDORQD

'BMDØ BDVTB *$7 &6J" EF QSBDUJDBS VOB iEFNBHÛHJB EFTDBSBEBw #BEBMPOB t &M MÓEFS EF $J6 B #B EBMPOB 'FSSBO 'BMDØ IB DBSSF HBU EVSBNFOU BM TFV CMPD B JOUFS OFU DPOUSB *$7 &6J" BSSBO FOUSF E BMUSFT DPTFT EF MB DBNQBOZB FDPTPDJBMJTUB QFS JOTUBMtMBS VO BVEJUPSJ BMT DJOFNFT 1JDBSPM 'BMDØ EFGFOTB RVF MB QFSNVUB EFM UFBUSF 1SJODJQBM QFM 1JDBSPM o DPN T FTUVEJBWB B M BOUFSJPS NBOEBU o iFSB VOB QSPQPTUB EPMFOUBw QFS B M "KVOUBNFOU J QFS B #BEBMPOB QFSRVÒ iFT QFSEJB VO FEJmDJ DVMUVSBM IJTUÛSJDw J iFT EPOBWB FEJmDBCJMJUBU B VO QSJWBUw B MB [POB EF M BDUVBM 1SJODJQBM 'BMDØ UBNCÏ T IB NPMFTUBU QFS RVÒ FM QSFTJEFOU E *$7 ®MFY .B×BT OFHB FO VOB FOUSFWJTUB B MB QSFNTB MPDBM RVF TF MJ PGFSÓT FOUSBS BM HPWFSO BNC 14$ $J6 J &3$ M BOZ &M QSFTJEFOU EFM HSVQ NVOJDJQBM EF $J6 FTDSJV BM TFV CMPD RVF iMB TJUVBDJØ EF EFTDPMtMPDBDJØ QPMÓUJDB RVF QBUFJY *OJDJBUJWB EF NBODB E VO EJTDVST E PQPTJDJØ TVmDJFOUNFOU BSHVNFOUBU J QP UFOU OP QPU QPSUBS MPT B M FYFSDJDJ EF MB EFNBHÛHJB NÏT EFTDBSB EB oRVBO OP EF MB NFOUJEB QVSB J EVSB QFS NBSDBS VO UFSSJUPSJ

DFWXDOLWDW

$BSMFT 5PSOFSP SFEBDDJP!FMUPUEJHJUBM DPN

5SPCB UPUFT MFT OPUÓDJFT B XXX FMUPUEJHJUBM DPN

t *NBUHF WJSUVBM EFM HJNOËT RVF PDVQBSË FM 1JDBSPM

'BMDØ UF iEVCUFTw TPCSF MB JEPOFÕUBU E VO HJNOËT BM 1JDBSPM &O VOB SFTQPTUB BM DPOTUSVDUPS &TUFWF (BSDÓB 0TTPSJP RVF EVCUB RVF FM HJNOËT BM 1JDBSPM TJHVJ MB NJMMPS PQDJØ QFS BM $FOUSF EF #BEBMPOB 'BMDØ SFDPOFJY

RVF UÏ iEVCUFT TJNJMBSTw * BGF HFJY iTFHVS RVF EF QSPKFDUFT QFS BM 1JDBSPM O IJ IB RVF QP ESJFO TFS NÏT QPTJUJVT QFSÛ ÏT FWJEFOU UBNCÏ RVF EFT EF M "KVOUBNFOU OP QPEFN PCMJHBS VO QSJWBU B EFTFOWPMVQBS VO QSPKFDUF DPODSFUw 1FS B 'BMDØ FM NBQB DVMUVSBM EFM $FOUSF EF #BEBMPOB FT DPN QMFUBSË BNC FM $FOUSF $ÓWJD B M BOUJHB $MÓOJDB EFM $BSNF FM OPV UFBUSF 1SJODJQBM J MB SFNP EFMBDJØ iRVF T IBVSJB EF GFS BM ;PSSJMMBw BNC VO FTQBJ QFS BMT NÞTJDT

&M S 5JOFOU E "MDBMEF GFMJDJUB +PSHF +BWJFS 7È[RVF[ QFS M 0OEFT

$BSSFUFSP QSFTFOUB MB EFMF HBDJØ EF 3FBHSVQBNFOU BM #BSDFMPOÒT /PSE

"MCBMBEFKP QSFTJEFOU E &3$ BM #BSDFMPOÒT /PSE

&M 1SJNFS 5JOFOU E "MDBMEF 'FS S BO 'BM D Ø F O OP N E F M "KVOUBNFOU EF #BEBMPOB IB FOWJBU VOB DBSUB BM QFSJPEJTUB CBEBMPOÓ +PSHF +BWJFS 7È[ RVF[ QFS GFMJDJUBS MP QFM QSFNJ 0OEFT J QFS USBOTNFUSF MJ iVO BHSBÕNFOU QFM CBEBMPOJTNF RVF DBEB EJB QSBDUJDB EFT EFM TFV QSPHSBNB J FO MFT TFWFT BQBSJDJPOT QÞCMJRVFTw 'BMDØ MJ FTDSJV B 7È[RVF[ RVF FTQF SB FM QSFNJ TJHVJ iVO FTUÓNVM QFSRVÒ DPOUJOVÕT FO MB MÓOJB EF DPIFSÒODJB QSPGFTTJPOBM J QFSTPOBM RVF TFNQSF IB DBSBD UFSJU[BU MB UFWB USBKFDUÛSJBw

&M MÓEFS EF 3FBHSVQBNFOU +PBO $BSSFUFSP IB QSFTFOUBU BRVFTU EJNFDSFT B MB TBMB EF M FOUJUBU MB #BEBMPOFOTF MB EFMFHBDJØ BM #BSDFMPOÒT /PSE E BRVFTU QBSUJU EF SFDFOU DSFBDJØ - BDUF IB FTUBU QSFTFOUBU QFS MB DPPSEJOBEPSB MPDBM 5FSFTB $BTBMT J UBNCÏ IJ IB BTTJTUJU 'SBODFTD -MFBM FYDBQ EF MMJTUB E &3$ B #BEBMPOB "RVFTU QBS UJU RVF ÏT VOB FTDJTTJØ E &3$ BQPTUB QFS M B Q S P D M B N B D J Ø V O J M BUF S B M E JOEFQFOEÒODJB J QFS VOB SFHFOFSBDJØ EFNPDSËUJDB

- FYQSFTJEFOU E &3$ B #BEBMPOB +PSEJ "MCBMBEFKP IB FTUBU FTDPMMJU FM QBTTBU EJWFOESFT DPN B QSFTJ EFOU EF MB GPSNBDJØ JOEFQFOEFO UJTUB BM #BSDFMPOÒT /PSE QFS BMT QSPQFST BOZT "MCBMBEFKP IB EFDMBSBU RVF USFCBMMBSBO iQFS RVÒ M BDDJØ E &3$ FT DPODSFUJ BNC VOB NBKPS SFQSFTFOUBDJØ QPMÓUJDB DPN PQDJØ ÞUJM J EF QSPHSÏT QFS B MB DJVUBEBOJB BNC QFSTPOBMJUBU QSÛQJB J TFOTF TFSWJUVET EBWBOU EFM EFTDSÒEJU EF EFUFSNJOBEB NBOFSB EF GFS E BMHVOT QPMÓUJDTw -B OPWB 1FSNBOFOU FTUË DPN QPTUB QFS BMUSFT CBEBMPOJOT EF MB TFDDJØ MPDBM E &3$

FO FM RVBM FMMT NBUFJYPT T IBO EFTEJCVJYBU *OJDJBUJWB FT NPV B CBU[FHBEFT BNC QPDB DPO TJTUÒODJB J GFOU VOB PQPTJDJØ TFMFDUJWB RVF EFJYB QFSQMFYB MB HFOU RVF TPSUPTBNFOU ÏT NÏT MMFTUB EFM RVF FMMT DSFVFO w

7DPEÉ ÉV QRWÍFLD

727 %DGDORQD

1PMÓUJDB 1BH 1BH JOEE

DFWXDOLWDW

UHSRUWDWJH

$BSMFT $BSWBKBM SFEBDDJP!FMUPUEJHJUBM DPN

&M 5PU QSFQBSB FM /BEBM BNC FM TPSUFJH E VOB HSBO 1BOFSB # B E B M P O B t &M TFU NBOBS J &M 5PU #BEBMPOB .POUHBU J 5JBOB IB FOHFHBU B QBSUJS E BRVFTUB TFUNBOB VOB OP WB JOJDJBUJWB EF DBSB B MFT QSPQFSFT 'FTUFT EF /BEBM &T USBDUB EFM TPSUFJH E VOB (SBO 1BOFSB EF /BEBM " QBSUJS E BRVFTU OÞNFSP J m OT FM EF EFTFNCSF USPCBSFV DBEB TFUNBOB VOB CVUMMFUB QFS QBSUJDJQBS IJ BM JOUFSJPS EF MB SFWJTUB 1FS FOUSBS BM TPSUFJH EF MB (SBO 1BOFSB EFM 5PU OPNÏT IBVSFV E PNQMJS MB CVUMMFUB J GFS MB BSSJCBS B MB SFEBDDJØ EFM OPTUSF TFU NBOBSJ /PNÏT FT QFSNFUSË VOB CVUMMFUB QFS QFSTPOB TJ MB EJSFDDJØ EF MB SFWJTUB USPCB VOB CVUMMFUB EVQMJDBEB EF MB NBUFJYB QFSTPOB BRVFTUB RVFEBSË JOWBMJEBEB 7BM B EJS RVF OPNÏT T BENFUSBO MFT CVUMMFUFT PSJHJOBMT EF MB SF WJTUB J FO DBQ DBT T BENFUSBO GPUPDPQJFT

QSFTFT RVF DPMtMBCPSFO BNC MB JOJDJBUJWB J UBNCÏ MFT FNQSF TFT P OFHPDJT RVF T BGFHFJYJO +VOUBNFOU BNC FM MPHPUJQ EF M FNQSFTB DPMtMBCPSBEPSB USP CBSFV M PCTFRVJ RVF BQPSUBSË B MB (SBO 1BOFSB EF /BEBM " MB NBUFJYB QËHJOB UBNCÏ T JOEJDBSË FM WBMPS EF MB 1B OFSB RVF DBEB TFUNBOB BOJSË BVHNFOUBOU m OT FM EJB EF EFTFNCSF

&NQSFTFT DPMtMBCPSBEPSFT FO MB (SBO 1BOFSB $BEB TFUNBOB EJOT MB TFDDJØ FTQFDJBM EF MB (SBO 1BOFSB USPCBSFV FM MMJTUBU EF MFT FN

1PEFV DPOTVMUBS MFT CBTFT DPNQMFUFT EF MB (SBO 1BOFSB EFM 5PU B < > FMUPUEJHJUBM DPN MBHSBOQBOFSB

&M3FQPSUBUHF 1BH JOEE

** $PODVST EF 'PUPHSBm B QFS MB QPSUBEB EF M &YUSB EF /BEBM &M 5PU #BEBMPOB .POUHBU J 5JBOB IB DPOWPDBU QFS TFHPO BOZ DPOTFDVUJV VO DPODVST FOUSF FMT MFDUPST QFS USJBS MB OPTUSB QPSUBEB EF M &YUSB EF /BEBM RVF TPSUJSË BM DBSSFS FM EJB EF EFTFNCSF -FT QFSTPOFT RVF IJ WVMHVJO QBS UJDJQBS QPEFO FOWJBS BCBOT EFM EJB EF EFT FNCSF VOB GPUPHSBm B P VO GPUPNVOUBUHF RVF SFMBDJPOJ FM /BEBM BNC #BEBMPOB .POUHBU P CÏ 5JBOB $BEB DPODVSTBOU QPESË QBSUJDJQBS BNC EVFT GPUP HSBm FT DPN B NËYJN BQPS UBOU VCJDBDJØ PO T IB DBQUBU MB JOTUBOUËOJB - B J N B U H F H V B O Z B E P S B T FNQPSUBSË VO MPU EF KPDT HFOUJMFTB E &EVDB #PSSBT -FT GPUPHSBGJFT FT QPEFO FOWJBS B MB 3FWJTUB &M 5PU BM DBSSFS -MFØ O EF #BEBMPOB P CÏ QFS DPSSFV FMFDUSÛOJD B CBEBMPOB!FMUPUEJHJUBM DPN BGFHJOU MFT EBEFT QFS TPOBMT

6O ÞOJD HVBOZBEPS EF UPUB MB 1BOFSB &M HVBOZBEPS EF MB (SBO 1B OFSB EFM 5PU EFTQSÏT E VO TPSUFJH QÞCMJD FT EPOBSË B DPOÒJYFS FM EJB EF EFT FNCSF DPJODJEJOU BNC MB QV CMJDBDJØ EFM USBEJDJPOBM &YUSB EF /BEBM EFM 5PU -B QFSTPOB BHSBDJBEB T FNQPSUBSË UPUT FMT SFHBMT EF MB (SBO 1BOFSB EF /BEBM "JYÛ WPM EJS RVF OPNÏT IJ IBVSË VO ÞOJD HVBO ZBEPS

727 %DGDORQD

HO WHX FDUUHU

$BSSFS EF 'SBODFTD 1MBOBT J $BTBMT $BTBHFNFT J $FOUSF t #BEB MPOB 1FSJPEJTUB 'VOEBEPS EJSFDUPS J SFEBDUPS EFM QSJNFS TFUNBOBSJ MPDBM &M FDP EF #BEBMPOB BQBSFHVU FM %FTQSÏT EhVO QBSÒOUFTJ EF OPV BOZT SFBQBSFHVÏ FM JOJOUFSSVNQVEBNFOU mOT B MhJOJDJ EF MB HVFSSB $JWJM FM %hJODMJOBDJPOT MJCFSBMT

UJOHVÏ BNJTUBU BNC FM HFOFSBM 1SJN BNC #BMEPNFSP &TQBS UFSP J BNC FM ESBNBUVSH +PTÏ ;PSSJMMB

4PM 1. #BMEPNF SP 4BO .BSUÓO 1.

4PM $(

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

5*"/"

7&/5" 1*404 0#3" /07"

5FM 888 -(.4" $0.

727 %DGDORQD

QBH JOEE

&/$6,),&$'26

%'1 &(1752 & '26 '( 0$<2

QBH JOEE

*UDQ SLVR HQ F 'RV GH 0D\R FRQ F 0RVVHQ $QWRQ 5RPHX 6XSHU¿FLH GH PHWURV $PSOLR VDOyQ LQGHSHQGLHQWH KDE EDxRV ([W D OD FDOOH %DOFRQHV $VFHQVRU 3UHFLVD UHIRUPDV /OiPHQRV \ OH LQIRUPDUHPRV

%$'$/21$ & $/)2162 ;,,,

6 $ 1 $ ' 5 , $ &(1752

$YGD $OIRQVR ;,,, 3LVR GH KDELWDFLRQHV ([W $VFHQVRU 7RGR UHIRUPDGR SDUD HQWUDU D YLYLU =RQD PX\ ELHQ FRPXQLFDGD ³%XHQD RSRUWXQLGDG´

& %RJDWHOO 3LVR KDE $OWR ([WHULRU $VF 7RGR UHIRUPDGR &DOHI $ $ 3DUD HQWUDU D 9LYLU ³8QD H[FHOHQWH RSRUWXQLGDG SDUD SDUHMDV´

3UHFLR ½

3UHFLR ½

3UHFLR ½

% $ ' $ / 2 1 $ &(1752

6$17$ &2/20$ & ,5/$1'$

)5217 0$5,7,0 %$'$/21$

& $VVHPEOHD FDWDOXQ\D )UHQWH DO QXHYR $\XQW *UDQ SLVR HQ ¿QFD VHxRULDO PHWURV *UDQ VDOyQ KDE \ EDxRV KDE \ DVHR GH VHUYLFLR 3O] SN FRFKH JUDQGH ³/ODPH H LQIRUPHVH´

-WR -DFLQWR YHUGDJXHU 3LVR GH KDE $OWR $VFHQVRU ([W D OD FDOOH 3DUD HQWUDU D YLYLU ³,QFUHLEOH RSRUWXQLGDG SRU SUHFLR´

OLQHD GH PDU ³)DQ WDVWLFDV YLVWDV´ 3LVR +DE GREOHV $OWR $PSOLD WHUUD]D 3HUIHFWR HVWDGR =RQD FXP FRQ SLVF 'RV SOD]DV SN LQFO \ WUDVWHUR

3UHFLR D FRQVXOWDU

3UHFLR ½

3UHFLR ½

727 %DGDORQD

%$'$/21$ &(1752 & %$/'20(52 62/­

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

%'1 &(1752 & -2&6 )/25$/6

´//(*Ð (/ 020(172 '( &2035$5µ

-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

ÒOWLPRV SLVRV HQ YHQWD GH KDE \ KDE FRQ 3DU NLQJ \ WUDVWHUR RSFLRQDOHV $LUH $FRQGLFLRQDGR \ &DOHIDFFLyQ $FDEDGRV GH FDOLGDG 0X\ VROHDGRV ([FHOHQWH XELFDFLyQ MXQWR IXWXUR FHQWUR FRPHUFLDO 0X\ ELHQ FRPXQLFDGR EXV PHWUR \ UHQIH 35(&,26 '(6'( (8526 /OiPHQRV \ OH LQIRUPDUHPRV

$SURYHFKH HVWD H[FHOHQWH RSRUWXQLGDG 3LVRV WRWDO PHQWH DPXHEODGRV \ HTXLSDGRV )LQDQFLDFLRQ GHO JDUDQWL]DGD HQ FRQGLRQHV SUHIHUHQWHV &XRWD PHQVXDO FRPR XQ DOTXLOHU 3LVRV GH \ KDELWDFLR QHV *UDQGHV WHUUD]DV $FDEDGRV GH FDOLGDG //$0(126 < /( ,1)250$5(026 7(/

2%5$ 18(9$ &$1(7 '( 0$5 &(175( &$1(7 '( 0$5 &(1752 )DQWiVWLFRV SLVRV GH QXHYD FRQVWUXFFLyQ 3LVRV GH \ GRUPLWRULRV ÈWLFRV GXSOH[ FRQ WHUUD]D $FDEDGRV GH JUDQ FDOLGDG 7RGRV FRQ SOD]D GH SDUNLQJ \ WUDVWHUR LQFOXLGR HQ SUHFLR 3UHFLRV GHVGH 3LVR KDE ½ 3LVR KDE ½ ÉWLFR G~SOH[ \ WHUUD]D ½ /ODPH \ OH LQIRUPDUHPRV 2%5$ 18(9$ 5 6$17 -25', 2%5$ 18(9$ -72 0­*,& %'1

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

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

6L HV XVWHG 35202725 OOiPHQRV \ KDEODPRV

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

%$'$/21$ &(1752 (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 ILQDQ FLDFLyQ 3UHFLR GHVGH VROR (XURV /ODPH \ OH LQIRUPDUHPRV

$YHQLGD %XIDOi 3ODQWD %DGDORQD

ZZZ P LQWHJUDO FRP

727 %DGDORQD

. *OUFHSBM QBH JOEE

DFWXDOLWDW

SHUVRQHV

$BSMFT 5PSOFSP

i#BSUPNFV .V×P[ WJWJB DPN VO ZVQQJF FHÛMBUSBw

-MVÓT )FSOÈOEF[ FYBMDBMEF EF 4BOUB $PMPNB EF (SBNFOFU 1PDB HFOU IP TBCSË QFSÛ FM SFDUPS EF MB QBSSÛRVJB EF 4BOUB $MBSB EF #BEBMPOB -MVÓT )FSOÈOEF[ WB TFS FM QSJNFS BMDBMEF EFNÛDSBUB EF 4BOUB $PMPNB EF (SBNF OFU %FT EF B )FSOÈOEF[ TPUB MFT TJHMFT EFM 146$ WB HPWFSOBS VOB DJVUBU IFSFWB EFMT FYDFTTPT VSCBOÓTUJDT EFM GSBORVJTNF "SB UPUBMNFOU SFUJSBU EF MB QPMÓUJDB FYQMJDB B MB SFWJTUB A&M 5PU DPN WFV MB USBNB EF DPSSVQDJØ RVF IB BGFDUBU MB TFWB DJVUBU -J TPSQSÒO UPU FM RVF FTUË QBTTBOU " MB NFWB FEBU KB OP FN TPS QSÒT SFT &N QSFPDVQB DPN IBO FTUBU FOHBOZBUT FMT NÏT QPCSFT EF MB DJVUBU QFS FOSJRVJS NÏT FMT RVF KB FSFO SJDT "JYÛ GB RVF MB HFOU QFOTJ RVF UPUT FMT QPMÓUJDT TØO JHVBMT J BJYÛ OP ÏT DFSU 2VBO WPTUÒ FSB BMDBMEF #BSUPNFV .V×P[ WB FOUSBS DPN B SFHJEPS M BOZ 2VÒ FOT QPU EJS E FMM 1PDB GFJOB GFJB 2VBTJ TFNQSF BSSJCBWB UBSE BMT QMFOT NVOJ DJQBMT J FM QPSUBWFV TPDJBMJTUB

1FSTPOFT 1BH JOEE

OPNCSF E IBCJUBOUT 4BOUB $P MPNB ÏT VOB DJVUBU BNC QPDT RVJMÛNFUSFT RVBESBUT J BNC UBOUB EFOTJm DBDJØ IJ IBVSË VO EJB RVF GBMUBSBO FTDPMFT FRVJ QBNFOUT FUD

M IBWJB E FYDVTBS &MM WFOJB RVBO WPMJB J BJYÓ EFNPTUSBWB RVF OP EFQFOJB EFMT JOHSFTTPT EF M "KVOUBNFOU QFS WJVSF " #BS UPNFV .V×P[ MJ BHSBEBWFO MFT DPTFT HSBOT TVNQUVPTFT &MM ÏT VO IPNF TVNQUVØT &MM FT UBMMB FM DBCFMM B MB QFSSVRVFSJB -MPOHVFSBT FT WFTUFJY EF NBS DB HBTUB FM QFSGVN NÏT DBS ÏT NFNCSF E VO DMVC EF HPMG MJ BHSBEFO FMT NJMMPST SFTUBVSBOUT UÏ MB DBTB B VO EFMT DBSSFST PO IJ WJV MB HFOU NÏT AZVQQJF EF #BSDFMPOB BM DBSSFS #FFUIP WFO FUD &M TPV OP MJ QSPDFEJB EF M "KVOUBNFOU EF 4BOUB $P MPNB TJOØ EFM TFV DËSSFD EF WJDFQSFTJEFOU EF MB %JQVUBDJØ EF #BSDFMPOB RVF FSB NÏT BMU "NC BRVFTU TPV WJWJB DPN VO ZVQQJF FHÛMBUSB % PO TVSUFO FMT EJOFST %PODT IBO EF TPSUJS E VOB NBOFSB P VOB BMUSB

(SBNFQBSL VOB EF MFT FNQSFTFT JOWFTUJHBEFT MB WB GVOEBS WPTUÒ PJ 4Ó ²T VOB FNQSFTB QÞCMJDB RVF ÏT JOUFSNFEJËSJB FOUSF M BENJOJTUSBDJØ J FMT FNQSFTBSJT QSJWBUT -B TFWB m OBMJUBU ÏT FT UBMWJBS EJOFST B M BENJOJTUSBDJØ J BHJMJU[BS DFSUT USËNJUT &T EFEJ DBWB B DPOTUSVJS BQBSDBNFOUT TPUFSSBUT J BSB WFJH RVF UBNCÏ M IBO EFEJDBU B DPOTUSVJS QJTPT EF QSPNPDJØ (BS[ØO EJV RVF FM SFHJEPS E VSCBOJTNF .BOVFM %PCBSDP WB VTBS (SBNF QBSL QFS CFOFm DJBS BMUSFT FNQSFTFT ²T IBCJUVBM +P OP TÏ TJ ÏT IBCJUVBM P OP &M RVF QVD EJS ÏT RVF FO FM NFV UFNQT UBNCÏ IJ IBWJB FTQF DVMBDJØ RVF FSB VOB IFSÒODJB EFM QBTTBU "CBOT RVF KP GPT BMDBMEF RVBO IP FSB FM QBSF EF #BSUPNFV .V×P[ FT WB QFSNFUSF RVF UFSSFOZT GPSFTUBMT FT SFRVBMJm RVFTTJO DPN B [POB VSCBOJU[BCMF QFS CFOFm DJBS VOB FNQSFTB QSJWBEB

.PMUT KB TPTQJUBWFO RVF FM DSFJYFNFOU JNNPCJMJBSJ EF 4BOUB $PMPNB BNBHBWB BMHVOB DPTB BM EBSSFSF +P TPTQJUBWB RVF BJYÛ OP FOT QPSUBSJB SFT EF CP J RVF UBSE P E IPSB MB HFOU TPSUJSJB BM DBSSFS QFS QSPUFTUBS /P QFS MB DPSSVQ DJØ TJOØ QFS UBOUB FEJm DBDJØ 4 IBO USFODBU UPUFT MFT QSFDBV DJPOT RVF IBWÓFN FTUBCMFSU QFSRVÒ MB DJVUBU OP DSFJYÏT FO

727 %DGDORQD

&(175(

È7,&2 P 7(55$=$ P KDE GREOH FRFLQD \ EDxR VDOyQ FRQ VDOLGD D W]D SUHFLVD UHIRUPDV =21$ $/7$ ¼ 376

3 /$ 6$/8'

3LVR FRQ KDE GREOHV

EDxR FRQ GXFKD EDOFyQ D OD FDOOH SRFRV YHFLQRV DOWXUD EXHQD GLVWULEXFLyQ 2&$6,Ï1 ¼ 376

672 &5,672

67$ &2/20$

//(),¬

//(),¬

/RFDO P GLYLGLGR HQ VyWDQR P SO EDMD P DOWLOOR P IDFKDGD D OD FDOOH DSWR FXDOTXLHU QHJRFLR -8172 0$57Ë 38-2/ $/4 ¼ ,9$

%8)$/3,62 FRQ KDE GREOHV 5()25 0$'2 VDOyQ P FDOHI DLUH DFRQG ¿QFD FRQ DVFHQVRU -8172 %,%/,27(&$ ¼ 376

3LVR -8172 02/Ë '( /$ 7255( FRQ KDE ]RQD PX\ WUDQTXLOD 5()250$'2 EDOFyQ EXHQD GLVWULEXFLyQ ¼ 376

/$ 6$/8'

6$17 $'5,¬

3LVR HQ *32 9,5*(1 /$ 6$/8' GH KDE 72'2 (;7( 5,25 DOWR \ FRQ DVFHQVRU VDOyQ P FRQ EDOFyQ SUHFLVD UHIRUPDV ¼ 376

//(),3LVR /,672 3$5$ 9,9,5 FRQ KDE 5()250$'2 VDOyQ P HQ DPELHQWHV FRQ EDOFyQ SXHUWDV KD\D ,03(&$%/( ¼ 376

*UDQ SLVR -8172 3/ 75$)$/*$5 P KDE EDxR \ DVHR VDOyQ P FRQ EDOFyQ D OD FDOOH GLVSRQLELOLGDG LQPHGLDWD ¼ 376

/$ 025(5$

&(175(

3LVR 6(0, 18(92 FRQ KDE WRGR H[WHULRU ¿QFD FRQ DVFHQVRU SDUNHW \ JUHV FDOHIDF DLUH DFRQG -8172 &(1752 ¼ 376

3LVR 72'2 (;7(5,25 MXQWR LJOHVLD KDE 5()250$'2 VDOyQ HQ DPELHQWHV ¿QFD SRFRV YHFLQRV ¼ 376

2&$6,Ï1

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

$/)216 ;,,, 3LVR -8172 /$ 3/$1$ FRQ KDE FRFLQD \ EDxR UHIRUPDGRV VDOyQ P FRQ EDOFyQ ¿QFD FRQ DVFHQVRU %8(1$ =21$ ¼ 376

%8)$/¬

&$1<$'Ï

3LVR HQ F ,1'(3(1'(1&,$ GH KDE FRQ EDOFyQ 5()250$'2 FDOHIDF DLUH DFRQG ¿QFD FRQ DVFHQVRU ,03(&$%/( ¼ 376

7,$1$

QBHJOB JOEE

*UDQ SLVR FRQ KDE VXLWWH

DPSOLD FRFLQD RI¿FH VDOyQ P EDOFRQHV FDOHIDF ¿QFD FRQ DVFHQVRU 32&26 $f26 SDUNLQJ RSF ¼ 376

&$6$*(0(6

-8172 0(5&$'21$

3LVR 72'2 (;7(5,25 GH P KDE EDxR \ FRFLQD UHIRUPDGRV VXHOR JUHV FDOHIDF D DFRQG LQVW QXHYDV WUDVWHUR WHUUD]D FRPXQLWDULD ¼ 376

3LVR /,672 3$5$ 9,9,5 P K GREOHV EDxR \ FRFLQD UHI VDOyQ P F VDOLGD D EDOFyQ SDUTXHW \ JUHV FDOHIDF D DFRQG DVFHQVRU ¼ 376

)5217 0$5Ë7,0

&(175( 3LVR 6(0, 18(92 P KDE FRFLQD DELHUWD DO VDOyQ EDOFyQ SDUNHW \ JUHV DLUH \ FDOHIDF DVF 0(-25 48( 18(92 ¼ 376

&(175(

3LVR P 3$7,2 P KDE 72'2 (;7(5,25 FDOHIDF SRFRV YHFLQRV 6(0, 18(92 PiUPRO \ JUHV SDUNLQJ LQFO ¼ 376

&(175( 3LVR -8172 & '(/ 0$5 K GREOHV P 683(5 5()250$'2 DLUH DFRQ \ FDOHI ¿QFD SRFRV YHFLQRV WHUUD]D FRPXQLW =21$ ,10(-25$%/( ¼ 376

3LVR FRQ $6&(1625 GH KDE GREOHV 5()250$'2 EDOFyQ P FDOHI DLUH DFRQG /,672 3$5$ 9,9,5 ¼ 376

%8)$/¬

727 %DGDORQD

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

%8)$/¬

3LVR P 6(0, 18(92 FRQ ]RQD FRPXQLWDULD KDE VXLWWH

DPSOLR EDOFyQ FDOHIDF DLUH DFRQG -8172 3/$<$ ¼ 376

&DVD 3/$17$ %$-$ 3$7,2 P 7(55$=$6 KDE EDxR \ DVHR VDOyQ P FDOHIDF D D WUDVWHUR SRVLEOH HGL¿FDU SODQWDV PiV 08&+$6 326,%,/,'$'(6 ¼ 376

320$5 3LVR 72'2 (;7(5,25 FRQ KDE GREOHV 5()250$'2 VDOyQ P FDOHIDF DLUH DFRQG SDUNHW \ JUHV SXHUWDV UREOH ,03(&$%/( ¼ 376

-72 3(3 9(1785$

0217,*$/'83/(; P WHUUD]D P ,'($/ 3$5$ )$0,/,$6 KDE DLUH IUtR FDORU SXHUWDV UREOH -8172 $3(1,126 ¼ 376

3LVR /,672 3$5$ 9,9,5 GH P KDE EDxR \ FRFLQD UHIRUPDGRV SUHFLRVR EDOFyQ DLUH IUtR FDORU DVFHQVRU -XQWR +RVSLWDO (VStULWX 6DQWR ¼ 376

3LVR 6(0, 18(92 MXQWR &DQ 62/(, GH KDE EDOFyQ JUDQGH FDOHIDF DLUH DFRQG WRGR H[WHULRU DPXHEODGR 3$5.,1* 23& ¼ 376

&DVD 6(0, 18(9$ -8172 & 0$5 SDWLR P \ WHUUD]DV VDOyQ FRQ OODU GH IRF HVWXGLR P EDUEDFRD ¼ 376

DFWXDOLWDW

OD VHWPDQD HQ LPDWJHV

&M 'FTUJWBM 'JMNFUT DPNFOÎB BNC ÒYJU EF QÞCMJD &M QSJNFS DBQ EF TFUNBOB EF 'JMNFUT IB DPNQUBU BNC MB QBSUJDJQBDJØ EF NÏT EF QFSTPOFT RVF IBO BTTJTUJU B MFT EJWFSTFT QSPKFDDJPOT HSBUVÕUFT BM 5FBUSF ;PSSJMMB J BM $ÓSDPM $BUÛMJD -B (BMB *OBVHVSBM EF EJWFOESFT QBTT BU MB TFTTJØ .BOJGFTU MB TFTTJØ (PMGB EF EJTTBCUF MB TFTTJØ *OGBOUJM J EF $JOFNB J (BTUSPOPNJB (SÒDJB WBO TFS BMHVOFT EF MFT BDUJWJUBUT NÏT EFTUBDBEFT EFMT QSJNFST EJFT EFM GFTUJWBM &M 'FTUJWBM 'JMNFUT DMPVSË BRVFTU EJTTBCUF B MFT I BM 5FBUSF ;PSSJMMB BNC M FOUSFHB EF QSFNJT

*OBVHVSBEB MB SFNPEFMBDJØ EF MB 1MBÎB EFMT .ÞTJDT -B 1MBÎB EFMT .ÞTJDT TJUVBEB BM CBSSJ EF MB 1BV T IB SFPCFSU EFTQSÒT EF NFTPT E PCSFT EF SFNPEFMBDJØ E BRVFTU FTQBJ 1FS DFMFCSBS BRVFTUB SFPCFSUVSB FM QBTTBU EJWFOESFT WB UFOJS MMPD VOB GFTUB QPQVMBS PO IJ WBO QBSUJDJQBS HSBO QBSU EF MFT FOUJUBUT EFM CBSSJ 1SFDJTBNFOU BRVFTU BOZ M "TTPDJBDJØ EF 7FÕOT EF MB 1BV DFMFCSB FMT TFVT QSJNFST BOZT E IJTUÛSJB 'PUP 1FSF +JNÏOF[

-B QMBHB EF M FTDBSBCBU NPSSVU KB BGFDUB

EJWFSTFT QBMNFSFT EF #BEBMPOB - ®SFB EF .FEJ "NCJFOU J .PCJMJUBU EF M "KVOUBNFOU EF #BEBMPOB IB EFUFDUBU OPVT DBTPT EF QBMNFSFT JOGFDUBEFT BNC FM NPSSVU TPCSFUPU B MFT [POFT NÏT QSPQFSFT B MB NVOUBOZB DPODSFUBNFOU BM .BT 3BN J B $BOZFU &O UPUB MB DJVUBU T IBWJFO EFUFDUBU mOT BSB BUBDT TP CSF DJOD QBMNFSFT VCJDBEFT UPUFT FMMFT FO mORVFT QSJWBEFT J EBSSFSBNFOU T IBO BGFHJU EFV DBTPT NÏT VCJDBUT BMT CBSSJT EFM .BT 3BN J EF $BOZFU -MVOB

+PSHF +BWJFS 7È[RVF[ SFQ M 0OEBT EVSBOU MB (BMB DFMFCSBEB BM -JDFV i&TUJD NPMU DPOUFOU RVF FM NFV QSJNFS QSFNJ TJHVJ B #BS DFMPOB QFSRVÒ TØD EF #BEBMPOBw "NC BRVFTUB GSBTF FM CBEBMPOÓ +PSHF +BWJFS 7È[RVF[ WB DBOUBS J QBSMBS FO DBUBMË BM NPNFOU EF SFDPMMJS M 0OEBT BM NJMMPS QSFTFOUBEPS EF M BOZ % BMUSB CBOEB FM 'BDFCPPL RVF EFNBOB RVF +PSHF +BWJFS TJHVJ FM QSPQFS QSFHPOFS EF MFT 'FTUFT EF .BJH KB BQMFHB B NÏT EF QFSTPOFT

&M DBSSFS EF #BMEPNFS 4PMË FT SFPCSF BM

USËOTJU EFTQSÒT EFM TFV BTGBMUBU &MT WFIJDMFT EFMT SFTJEFOUT BVUPCVTPT J EF TFSWFJT UPSOFO B DJSDVMBS EFT E BRVFTU EJVNFOHF QFS #BMEPNFS 4PMË EFTQSÏT RVF BRVFTU DBSSFS GPT UBMMBU BM USËOTJU EVSBOU EJFT QFS UBM EF QPSUBS B UFSNF MFT UBTRVFT EF QBWJNFOUBDJØ J TFOZBMJU[BDJØ $BM EFTUBDBS RVF FM UJQVT E BTGBMUBU RVF T IB DPMrMPDBU SFEVJSË FM OJWFMM EF TPSPMM QSPDFEFOU EF MB DBMÎBEB

-B4FUNBOB&O*NBUHFT 1BH 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*$" '6/&3®3*" #%/

0'&35"4 %& 1*404 &/ "-26*-&3 4"/50 $3*450 1JTP FO m ODB DPO BTDFOTPS EF IBCJUBDJPOFT DPNFEPS FYUFSJPS B DBMMF NVZ MVNJOPTP #JFO DPNVOJDBEP "-26*-&3 å .&4 (BTUPT EF DPNVOJEBE JODMVJEPT 3&' 4$ +50 10-*%&1035*70 %& $0-- * 16+0- 1JTP EF IBCJUBDJPOFT DPO DPDJOB Z CB×PT SFDJÏO SFGPSNBEPT B FTUSFOBS EF BMUVSB SFBM "-26*-&3 å .&4 (BTUPT EF DPNVOJEBE JODMVJEPT 3&' 4$ $&3$" 1*4$*/" 4*453&--4 "NQMJP QJTP EF N DPO IBCJUBDJPOFT BNQMJBT $PDJOB Z CB×P NVZ CJFO DPOTFSWBEPT m ODB DPO BTDFOTPS .VZ CJFO DPNVOJDBEP "-26*-&3 å .&4 (BTUPT EF DPNVOJEBE JODMVJEPT 3&' 45 $ $0-- * 16+0- &O MB NJTNB DBMMF "NQMJP QJTP EF IBCJUBDJPOFT NVZ MVNJOPTP Z FO DBMMF QSJODJQBM m ODB DPO BTDFOTPS 4JO NVFCMFT "-26*-&3 å .&4 (BTUPT EF DPNVOJEBE JODMVJEPT 3&' 4$ $ "/(&- (6*.&3" 450 $3*450 1JTP NVZ BDPHFEPS EF IBCJUBDJPOFT FO m ODB DPO BTDFOTPS #BMDØO FYUFSJPS B DBMMF BNQMJBT IBCJUBDJPOFT 4FNJ BNVFCMBEP "-26*-&3 å .&4 (BTUPT EF DPNVOJEBE JODMVJEPT 3&' 4$ i5".#*&/ %*410/*#-& &/ 7&/5"w 13&$*0 å

4"/50 $3*450 1JTP EF IBCJUBDJPOFT BNVFCMBEP Z FRVJQBEP EF BMUVSB SFBM $PDJOB Z CB×P NVZ CJFO DPOTFSWBEPT .VZ QSØYJNP B MB 3CMB 4BO +VBO "-26*-&3 å .&4 (BTUPT EF DPNVOJEBE JODMVJEPT 3&' 4$

/106)#6

--&'*" +6/50 " %0$503 #"440-4 1JTP BMUP DPO BTDFOTPS IBCJUBDJPOFT BNVFCMBEP $PNFEPS DPO TBMJEB B CBMDØO FYUFSJPS B $ DPO WJTUBT QBOPSÈNJDBT "-26*-&3 å .&4 3&' -' i5".#*&/ %*410/*#-& &/ 7&/5"w 13&$*0 å

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

$&/530 $FSDB EFM NVTFP 1JTP EF N DPO IBCJUBDJPOFT EPCMFT NVZ BDPHFEPS Z FO FYDFMFOUF [POB 'JODB DPO BTDFOTPS #BMDØO FYUFSJPS B $ "-26*-&3 å .&4 (BTUPT DPNVOJEBE JODMVJEPT 3&' $&

6+#0#

.0/5*("-" "NQMJP QJTP FO m ODB EF QPDPT B×PT N IBCJUBDJPOFT HSBO DPNFEPS MVNJOPTP "TDFOTPS 1, */$-6*%0 &/ &- 13&$*0 "-26*-&3 å NFT (BTUPT EF DPNVOJEBE JODMVJEPT 3&' .0

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

-" .03&3" "NQMJP QJTP EF N IBCJUBDJPOFT DPNFEPS EF N DPO TBMJEB B CBMDØO FYUFSJPS B $ .VZ CVFOB m ODB DPO BTDFOTPS ``*ONFKPSBCMF [POB "-26*-&3 å .&4 (BTUPT EF DPNVOJEBE JODMVJEPT 3&' .3

NC ZCTZC

0'&35"4 %& 1*404 &/ 7&/5" #6'"-" 1JTP FTRVJOFSP B $ *OEFQFOEFODJB IBCJUBDJPOFT N DPDJOB Z CB×P SFGPSNBEPT DPDJOB FRVJQBEB Z BNVFCMBEB *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

"7 "-'0/40 9*** 1JTP FO CVFOB m ODB DPO BTDFOTPS FO MB NJTNB "W "MGPOTP 9*** IBCJUBDJPOFT DPDJOB Z CB×P JNQFDBCMFT CBMDØO NVZ MVNJOPTP Z CJFO DPNVOJDBEP +UP B UPEPT MPT TFSWJDJPT

103 å $605" %& å .&4 3&' 4$ --&'*" +50 " %0$503 #"440-4 : #*#-*05&$" 1JTP EF N DPO IBCJUBDJPOFT QBSB SFGPSNBS B TV HVTUP "NQMJP DPNFEPS NVZ MVNJOPTP FYUFSJPS B DBMMF 13&$*0 å $605" %& å .&4 3&' -' 10."3 ``0$"4*0/ 1JTP EF N DPO IBCJUBDJPOFT FO [POB NVZ USBORVJMB $PDJOB Z CB×P SFGPSNBEPT QVFSUBT EF IBZB WFOU EF BMVNJOJP "NQMJB DPDJOB $PNQMFUBNFOUF FYUFSJPS B DBMMF 13&$*0 å $605" %& å .&4 3&' 10 #6'"-" +VOUP B .PMJ EF MB 5PSSF 1JTP EF IBCJUBDJPOFT JEFBM WJWJFOEB $PDJOB Z CB×P NVZ CJFO DPOTFSWBEPT #BMDØO FYUFSJPS B DBMMF EF BMUVSB SFBM 13&$*0 å $605" %& å .&4 3&' #6 4"/50 $3*450 "NQMJP QJTP FTRVJOFSP EF N IBCJUBDJPOFT BOUFT UPEP SFGPSNBEP BNQMJBT IBCJUBDJPOFT CB×P DPNQMFUP DPNFEPS FYUFSJPS DPO CVFOBT WJTUBT ``1SFDJPTP 13&$*0 å

$605" %& å .&4 3&' 4$

TÀFKQU

#6'"-" 1309*.0 "- $&/530 1JTP UPUBMNFOUF SFGPSNBEP FO m ODB DPO BTDFOTPS IBCJUBDJPOFT EPCMFT $PNFEPS DPO TBMJEB B CBMDØO FYUFSJPS B DBMMF DPDJOB Z CB×P OVFWPT 0SJFOUBEP B NBS $BMFGBDDJØO Z B B 13&$*0 å $605" %& å .&4 3&' #6

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 '.

&/ &- .*4.0 1 %& -" 4"-6% $BTB FTRVJOFSB QBSB SFGPSNBS B TV HVTUP EF N DPO IBCJUBDJP OFT 5PUBMNFOUF FYUFSJPS BM 1 EF MB 4BMVE .VZ MVNJOPTB 13&$*0 å $605" %& å .&4 3&' 4- "5*$0 &/ '*/$" $0/ "4$&/403 &/ -" .*4." $ $0-- * 16+0- +50 "7 16*('3&% N

UFSSB[B EF N DPO WJTUBT QBOPSÈNJDB B NBS Z NPOUB×B IBCJUBDJPOFT DPDJOB Z CB×P SFGPSNBEPT DBMFGBDDJØO Z B B .VZ BDPHFEPS 13&$*0 å $605" %& å .&4 3&' 4$ #6'"-" ``".1-*0 "5*$0 &/ '*/$" 4&.* /6&7" N UFSSB[B EF N CBMDØO N #B×P Z BTFP IBCJUBDJPOFT m ODB DPO BTDFOTPS $BMFGBDDJØO ;POB JONFKPSBCMF Z USBORVJMB 103 å

$605" %& å .&4 3&' #6

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

HVSDL F

GURCK E

FXOWXUD DJHQGD OOLEUHV PÙVLFD FLQHPHV QRWÍFLHV

6O OPWFNCSF E BDUJWJUBUT 2VFEFN QFS BSSFV EF MB DJVUBU #BEBMPOB t 1FS UPUT ÏT TBCVU RVF #BEBMPOB ÏT MB UFSDFSB DJVUBU EF $BUBMVOZB BSB QFS BSB FO OPNCSF E IBCJUBOUT QFSÛ UBOUB HFOU PGFSFJY VOB HSBO EJWFSTJUBU EF USBEJDJPOT BDUJWJUBUT J SBDPOT RVF EFT EFM QSPHSBNB E ¾NOJVN $VMUVSB 2VFEFN FOT EFTDPCSFJYFO DBEB NFT 4J BRVFTUB TFUNBOB WBN QP EFS HBVEJS EF MB TFTTJØ EF EJDBEB B MB $POWJWÒODJB EFM 'FTUJWBM 'JMNFUT EF #BEBMPOB QFS B MFT QSPQFSFT TFUNBOFT FMT SFTQPOTBCMFT EFM 2VF EFN FOT QSPQPTFO EVFT BD UJWJUBUT BNC BJSFT SFMJHJPTPT DPN B QSPUBHPOJTUFT " R V F T U E J T T B C U F B Q B S U J S

QPESFN WJTJUBS DPN DBEB BOZ QFS MFT GFTUFT EF /BEBM B MB 4BMB &M 3FGVHJ * QFS BDBCBS FM NFT FM EF OPWFNCSF J KB BNC SFHVTU EF /BEBM EFTQSÏT EF EFTDPCSJS DPN FT GBO FMT QFTTFCSFT J FMT EJPSB NFT FM $FOUSF &YDVSTJPOJTUB EF #BEBMPOB FOT PGFSFJY VOB DBNJOBEB QFS DPOÒJYFS MFT FSNJUFT EF MB 7BMM EF #FUMFN VOB FYDVSTJØ RVF EFNBOB VO CPO DBMÎBU

EF RVBSUT EF EFV EFM NBUÓ J EF MB NË EF SFTQPOTBCMFT E 6/&4$0$"5 QPESFN WJTJ UBS USFT DFOUSFT EF DVMUF EFM CBSSJ EF -MFmË EJOT EFM QSP HSBNB EF DPIFTJØ TPDJBM &MT $PMPST EF MB 5BSEPS 6OB CPOB PQPS UVOJUBU QFS WJTJUBS VOT JOESFUT RVF QPRVFT WFHBEFT T PCSFO BMT DJVUBEBOT 1FS BMUSB CBOEB FM EJB B MFT TJT EF MB UBSEB UFOJN M PQPSUVOJUBU EF WJTJUBS FMT UB MMFST EFMT BNJDT EFM QFTTFCSF EF #BEBMPOB RVF KB FTUBO USFCBMMBOU FMT EJPSBNFT RVF

< > CBEBMPOB RVFEFN PNOJVN DBU

&MT (FOJT OPO TUPQ %BMU MB 7JMB t ²T M FTQBJ NÏT VOEFSHSPVOE EF MB DJVUBU QFS MPDBMJU[BDJØ * QFS PGFSUB $BEB TFUNBOB J TVQFSBOU UPUFT MFT JODMFNÒODJFT DPOUSËSJFT B MB NÞTJDB FO EJSFDUF J B MB DVMUVSB FO HFOFSBM PGFSFJYFO VOB QSP HSBNBDJØ WBSJBEB BDDFTTJCMF J QFS B UPU UJQVT EF QÞCMJD

EFM BOJMMP KVOUBNFOU BNC FM DBOUBVUPS SFTJEFOU J NPMU NPMU EJWFSUJU +VBLP .BMBWJSHFO B QBSUJS EF RVBSUT E PO[F

&MT BNBOUT EFM KB[[ UBNCÏ USPCBSBO QSPQPTUFT BEFRVB E FT BM T TFV T H V T UP T BN C M BDUVBDJØ EF 2VBSUFU 1SPKFDU J FMT +B[[5B * QFS BDBCBS FM NFT FM EJB B MFT WVJU EFM WFTQSF VO FTQFDUBDMF UFBUSBM BNC &M $VFOUBDVFOUPT

-B QSPQFSB TFUNBOB QPESFN HBVEJS EFM QPQ EF .ZTUJD 'MV HVFMIPSO #BOE J FM SPDL EF -PT (BOEVMFT

5PUT FMT IPSBSJT J UPUB MB JOGPSNBDJØ MB USPCBSFV B XXX FMTHFOJT PSH

"RVFTU EJTTBCUF QFS FYFN QMF UFOJN VOB JOUFSFTTBOU QSPQPTUB NVTJDBM BNC MB CBO EB EF K[[ GVOL -B DPNPEJEBE

QBH JOEE

(JOB EF 5FSB

727 %DGDORQD

#BEBMPOB t % BRVÓ SFT GBSË VO BOZ RVF -B 4BSHBOUBOB FT WB JOTUBMtMBS BM DBSSFS EF MB $PTUB J IP WB GFS BNC FM MFNB EF SFTUBVSBDJØ J DVMUVSB %FT EF GB VOT NFTPT T IBO BOBU GFOU BMHVOFT BDUJWJUBUT DPN BSB USPCBEFT MJUFSËSJFT TPQBST UFNËUJDT YFSSBEFT J DPODFSUT RVF IBO DPOTUBUBU RVF VO FTQBJ DPN -B 4BS HBOUBOB PNQMF VO EFTUBDBU CVJU B MB DJVUBU J RVF NBOUÏ MB WPMVOUBU EF EJOBNJU[BS %BMU MB 7JMB BNC EJWFSTPT QSPKFDUFT RVF NJDB FO NJDB FT EPOBSBO B DPOÒJYFS B MB DJVUBU "SB QFS BSB J BCBOT OP BDB CJ M BOZ -B 4BSHBOUBOB IB QSPHSBNBU UPU B VOB TÒSJF E BDUJWJUBUT EJSJHJEFT B EJWFS TPT TFDUPST EF #BEBMPOB

&M EJB 5POJ 4PMFS QSFTFO UBSË MB TFWB EBSSFSB QVCMJ D BD J Ø i - ÞMUJN B D B SU B E F $PNQBOZTw VO BDUF PO FMT BTTJTUFOUT DPNQBSUJSBO UBVMB BNC FM QFSJPEJTUB J VO TPQBS GFU QFS B M PDBTJØ $BM SFTFSWB QSÒWJB

HVSDL F

-B 4BSHBOUBOB SFNFOB MB DVB

&M EF OPWFNCSF .BSJB $PNB VOB KPWF BSUJTUB RVF QSPNFU FOUSF M FTDFOB NVTJDBM CBSDFMPOJOB QSFTFOUBSË FO EJSFDUF FM TFV QSJNFS EJTD i-JOÛMFVNw FO VO EFMT QSJ NFST DPODFSUT 6OB QSPQPTUB NVTJDBM QFS BDBCBS MB TFUNB OB BNC VOB NJDB E BMFHSJB &M NFT EF EFTFNCSF MFT MMF USFT P FM OFHSF TPCSF CMBOD TFSËO QSPUBHPOJTUFT

&M EJVNFOHF EJB EF EFT FNCSF B MB UBSEB IJ IBVSË VOB UBVMB SPEPOB BM WPMUBOU EF M ÒUJDB IËDLFS B QBSUJS EF EVFT MFDUVSFT M BTTBJH EF 1FLLB )JNBOFO J MB USJMPHJB EF 4UJFH -BSTTPO 5PU QMFHBU EJOT EFM DPOHSÏT $JCFS TPDJFUBU -B 4BSHBOUBOB DBEB WFHBEB SFNFOB NÏT MB DVB J UPU BQVOUB RVF FO QBSMBSFN NÏT J NÏT J NÏT

&M EJB 5PNËT .PMJOB J ;BJ EB 5PSSFHSPTTB E BDDJØ EFM 1BÓT 7BMFODJË TFSBO FMT QSPUB HPOJTUFT E VO TPQBS BESFÎBU BM TFDUPS QFSJPEÓTUJD TPCSF MB JOJDJBUJWB 5FMFWJTJØ TFOTF 'SPO UFSFT RVF EFNBOB M BQSPWBDJØ E VOB MMFJ RVF QFSNFUJ WFVSF 57 BM 1BÓT 7BMFODJË

(JOB EF 5FSB

4J FOT WPMT JOGPSNBS EF RVBMTFWPM OPUÓDJB DVMUVSBM FOWJB OT VO NBJM B FTQBJ$!FMUPUEJHJUBM DPN

%*/&30 "- */45"/5& B DBNCJP EF 030 +0:"4 5&-&7*403&4 03%&/"%03&4 1035«5*-&4 7&)¶$6-04

$PO HBSBOUÓB Z TFHVSJEBE

$0/7*&35& &/ &'&$5*70 564 0#+&504 %& 7"-03 "WFOJEB .BSUÓ 1VKPM #BEBMPOB KVOUP B 7ÓB "VHVTUB Z B N EFM )PTQJUBM .VOJDJQBM

4 1²3"-0 6 $ & 3 `: .&4 &/ 6/

5 XXX IFMMPNPOFZ FT 727 %DGDORQD

QBH JOEE

HVSDL F

DJHQGD %DGDORQD

%JKPVT $PODFSU

3"..45&*/ BM 1BMBV .VOJDJQBM E &TQPSUT EF #BEBMPOB B MFT I

1SFTFOUBDJØ 0CSB

$ 6 * / " / 5 1 " 3 " 6 - & 4 E F M FTDSJQUPSB CBEBMPOJOB +PBOB )FS NPTP B MFT I B MB 3FHJEPSJB EF MB %POB

%JWFOESFT

,BSBUF ,ZPLVTIJO

&TQPSU

%JVNFOHF

9*9 $BOUBEB &TDPMBS EF /BEBMFT

7*** 0#&35 $*65"5 %& #"%"-0/" %& ,"3"5& ,:0,64)*/ BM 1PMJF TQPSUJV .VOJDJQBM -B 1MBOB 0SHB OJU[B "TTPD &TQPSUJWB 4,,0 BNC FM TVQPSU EF MB 3FHJEPSJB E &TQPSUT J +PWFOUVU EF M "KVOUBNFOU EF #BEBMPOB

&4$0-" 5&//*4 5"6-" -B #BEB MPOFOTF *OTDSJQDJØ PCFSUB BOZT %JNBSUT J EJKPVT EF B IPSFT &T OFDFTTJUFO OFOFT QFS DPNQMFUBS M FRVJQ GFNFOÓ $ 4BOU "OBTUBTJ O 5FM

"DUF .VTJDBM

97 $0/$634 %& $0.104*$*» %& /"%"-&4 */µ%*5&4 "- 1" 7&--» %&-4 1"¸404 $"5"-"/4 D "VTJBT .BSDI TF DFMFCSBSË FM QSPQFS EJWFOESFT EF EFTFNCSF EF B IPSFT i.PMU TPSPMM QFS SFTw OFDFTTJUB BDUPST {1FS RVÒ OP WFOT B CBMMBS EBOTFT USBEJDJP OBMT DBUBMBOFT " QBSUJS EF BOZT {7PMT GPSNBS QBSU EF MB USBEJDJØ NVTJDBM EF #BEBMPOB NÏT JOGP 0SGFØ #BEBMPOÓ

53&4 $&-&#3"$*0/4 BM 5FBUSF ;PSSJMMB B MFT I

%JBEB $BTUFMMFSB

1SFTFOUBDJØ -MJCSF

4&5."/" 53®(*$" EF %PMPST .BSÓO J 9FSSBEB " MFT I B $BO $BTBDVCFSUB

$PODFSU

-&, .6/ 101 ".#*&/5"- BM $$ %BMU MB 7JMB B MFT I

5FBUSF

$-04&3 PCSB EF 1BUSJDL .BSCFS B MFT I UBNCÏ EJTTBCUF J EJVNFOHF B MFT I B MB 4BMB $PPQFSBUJWB MB .PSBM

9** %*"%" $"45&--&3" %& #"%" -0/" B QBSUJS EF MFT I B MB 1M EF MB $POTUJUVDJØ

%JNFDSFT %JB *OUFSOBDJPOBM 1FSTPOFT %JTDBQBDJ UBEFT

5*5&--&4 $0.1"/:4 %&- #"33* BM $$ -B 4BMVU B MFT I

&- 3&53"5 * "6503&53"5 103 5"3 1"1&3 % "26"3&-t-&4 * "26"3&-t-&4 EF B I B MB 3FHJEPSJB EF MB %POB

%JKPVT

#BMM

$JOFNB 'ÛSVN

1SFTFOUBDJØ $POUF

.*.* * -" (*3"'" #-"7" B MB -MJCSFSJB 4BMUBNBSUÓ B MFT I

&-4 .07*.&/54 '&.*/*45&4 i-"4 #0450/*"/&4w " MFT I B MB 3FHJEPSJB EF MB %POB

'FTUJWBM *OUFSOBDJPOBM 'JMNFUT

&9$634*» % 6/ %*" " $"3%0/" *OTDSJQDJPOT 0SGFØ #BEBMPOÓ

$&3*.¾/*" %& $-0&/%" B MFT I BM 5FBUSF ;PSSJMMB

3VUB *OUFSSFMJHJPTB

&-4 $0-034 %& -" 5"3%03 BMT CBSSJT EF -MFGJË J -B 4B MVU NÏT JOGP P RVFEFNCBEBMPOB!PNOJVN DBU

%& 46% " /03% B M FTDPMB EF /B UVSB %JKPVT EF OPWFNCSF B MFT I 7*** $FSUBNFO *OUFSOBDJPOBM EF 1JOUVSB ;VSCBSÈO RVBESFT

GJOT EJTTBCUF EF OPWFNCSF BM $$ -B 4BMVU

5BMMFS E JMtMVTUSBDJØ

%JTTBCUF #"-- * .Á4*$" &/ 7*6 B MFT I BM $BTBM 1FQ 7FOUVSB

&YQPTJDJPOT

#"%"-0/" /*$"3"(6" "/:4 %& $001&3"$*» * "(&3."/" .&/5 GJOT EJKPVT EF OPWFNCSF BM $$ -B 4BMVU &- .*44"5(& %& - "*(6" '050 (3"'*&4 EFM EJWFOESFT EF OP WFNCSF BM EJKPVT EF EFTFNCSF BM $$ %BMU MB 7JMB

&YDVSTJØ

#"%"-0/" * &- 4&6 &/503/ 1*/563" EFM EJWFOESFT BM EJMMVOT EF OPWFNCSF BM $$ %BMU MB 7JMB

%VSBOU MB TFUNBOB

5BMMFST

4&/4& $"-&34 1*/563" EF 9BWJ .BSUÓOF[ EFM EJWFOESFT EF OPWFNCSF BM EJMMVOT EF EFTFN CSF BM $$ $BO $BOZBEØ

5"--&3 %& $04563" * $03"- EJWFOESFT (FOU (SBO .PSFSB $$ .PSFSB

2VF OP TF UhFTDBQJ %JWFOESFT 'FTUJWBM *OUFSOBDJPOBM EF 'JMNFUT EF #BEBMPOB 1SPKFDDJPOT 5FBUSF ;PSSJMMB I -MJVSF

QBH JOEE

%JWFOESFT $PODFSU A-FL .VO 1PQ BNCJFOUBM I $FOUSF $ÓWJD %BMU MB 7JMB

727 %DGDORQD

#BMM #"--4 %& 4"-» /0.²4 1"3& --&4 %JTTBCUFT EF B I BM #BSSJ $BOZBEØ (SVQ SFEVÕU J CPO BNCJFOU .ÏT JOGP o

$PODVST 1PFTJB J /BSSBUJWB

" 77 *3*4 40- $"4"(&.&4 $0/70$" *** $0/$634 %& 10& 4*" * /"33"5*7" QFS B QFSTPOFT HSBOT )J IB QSFNJT QFS B MFT EVFT NPEBMJUBUT &OWJBS MFT PCSFT GJOT EJWFOESFT EF OPWFNCSF .ÏT JOGP UBSEBT o UPU FM EJB

.ËHJD #BEBMPOB 3"$» %& -" )*45¾3*" %&- #®4 26&5 .PTUSB EFEJDBEB BM NØO EFM CËTRVFU TBNBSSFUFT GPUPHSBGJFT NFEBMMFT FUD EVSBOU OPWFNCSF

$PODFSU %& -" 10-*'0/*" #"330$" "- /"$*0/"-*4.& .64*$"- +"6.& 5033&/5 (6*5"33" BM UFBUSF EFM $PS EF .BSJOB 3BNCMB

B MFT I WFOEB E FOUSBEFT EJNFDSFT J EF OPWFNCSF D $BOPOHF #BSBOFSB

"DUJWJUBUT $FOUSFT $ÓWJDT OPWFNCSF

$BO $BCBOZFT

"DUJWJUBUT 5BMMFST DVSTPT DBGÒT UFSUÞMJB FUD $$ %BMU MB 7JMB

"DUJWJUBUT 5BMMFST DVSTPT BD UJWJUBUT OFOT J KPWFT USPCBEFT SBEJPBGFDDJPOBUT FUD

WLDQD

$$ .PSFSB

"DUJWJUBUT 5BMMFST BDUJWJUBUT OFOT J KPWFT FUD

$$ -B $PMJOB

"DUJWJUBUT 5BMMFST UFBUSF B M PDUVCSF YFSSBEB FUD

%JKPVT 9FSSBEB 7*7µ/$*&4 % 6/ 7*"5(& " *3"/ B DËSSFD E "MCB 3PNFSP B MB #JCMJPUF DB $BO #BSBUBV B MFT I

%JWFOESFT

$$ $BO $BOZBEØ

"DUJWJUBUT 5BMMFST DVSTPT BD UJWJUBUT J UBMMFST KPWFT BDUJWJUBUT JOGBOUJMT

$POGFSÒODJB -0-" "/(-"%" 4&.13& -" #&--&4" B DËSSFD EF .POUTFSSBU $BTUJMMP B MB #JCMJPUFDB $BO #BSBUBV B MFT I

$$ 5PSSF .FOB

"DUJWJUBUT 5BMMFST BDUJWJUBUT JOGBOUJMT DVSTPT FUD

%JTTBCUF $VST $BUB EF 7J

PRQWJDW

7&/*6 " $0/µ*9&3 &-4 .*--034 ."3*%"5(&4 26& 10%&/ "$0.

1"/:"3 &-4 #0-&54 *OTDSJQDJP OT B M "KVOUBNFOU EF 5JBOB

%JWFOESFT 5FSUÞMJB -MJCSF "OHMÒT

) 0 8 5 0 # & ( 0 0 % % & - &4$3*1503 / )03/#: B MB #JCMJPUFDB 5JSBOU MP #MBOD B MFT I

4PMJEBSJUBU

"DUF 4PDJBM

%FT EF M "TTPDJBDJØ 4PDJBM "NJDT EFM (PSH .BS #BEBMPOB

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

7 /*5 %& - &41035 " .0/5("5 BDUF TPDJBM EF SFDPOFJYFNFOU J GPNFOU EF M FTQPSU EF CBTF B MFT I B MB #JCMJPUFDB 5JSBOU MP #MBOD

%JVNFOHF 7 $JDMF EF .ÞTJDB J %BOTB "$56"$*» %&- $"#"3&5 "- #µ/*; B DËSSFD EF MB DPNQBOZJB "VEJUPSJ $PODFSU QFS B PSRVFT USJOB J QJBOP FO DPNNFNPSBDJØ EFM DFOUFOBSJ EF MB NPSU E *TBBD "MCÒOJ[ B MFT I B MB TBMB 1BV $BTBMT 3FDPMMJEB E FOUSBEFT $$ -FT .BMMPSRVJOFT

$ 1POFOU CBJYPT #BEBMPOB 5&-

%JTTBCUF $PODFSU A4QBOEBV #BMMFU BM 1BMBV .VOJDJQBM E &TQPSUT EF #BEBMPOB I r 1BMBV .VOJDJQBM E &TQPSUT r 727 %DGDORQD

QBH JOEE

HVSDL F

'3"$5"- %& (645"70 $"/5"3* /* EFM EJWFOESFT BM EJKPVT EF OPWFNCSF BM $$ $BO $BCBOZFT

%JVNFOHF &YQPTJDJØ A#BEBMPOB J FM TFV FOUPSO EF (SVQ EF #FMMFT "SUT EFM .VTFV EF #%/ $FOUSF $ÓWJD %BMU MB 7JMB

HVSDL F

FLQHPHV

$VFOUP EF /BWJEBE

5SJBHF

&CFOF[FS 4DSPPHF DPNJFO[B MB /BWJEBE IBDJFOEP VTP EF TV IBCJUVBM NF[RVJOEBE 1FSP FTB NJTNB OPDIF MPT GBOUBTNBT EF MBT /BWJEBEFT 1BTBEBT 1SFTFOUFT Z 'VUVSBT TF QSF TFOUBO FO TV IBCJUBDJØO QBSB MMFWBSMF B VO WJBKF FO FM RVF UFOESÈ RVF FOGSFOUBSTF B VOB SFBMJEBE RVF OP RVJFSF WFS &M WJFKP 4DSPPHF UFOESÈ RVF BCSJS TV DPSB[ØO F JOUFOUBS BSSFHMBS UPEP FM NBM RVF IB IFDIP %JS 3PCFSU ;FNFDLJT 64" "OJNBDJØO GBOUÈTUJDP *OUFS +JN $BSSFZ $PMJO 'JSUI (BSZ 0MENBO #PC )PTLJOT

.BSL Z %BWJE TPO BNJHPT Z FYQFSJNFOUBEPT GPUØHSBGPT EF HVFSSB Z TF FODVFOUSBO DBQUVSBOEP JNÈHFOFT EF VO ,VSEJTUÈO EFTHBSSBEP QPS MB HVFSSB .BSL FT NVZ BNCJDJPTP Z RVJFSF TFHVJS MPT DPNCBUFT VOPT EÓBT NÈT CVTDBOEP MB GPUP EFM B×P QFSP %BWJE FTUÈ IBSUP EF QPMWP EFTFTQFSBO [B Z WJPMFODJB Z MF EFKB QBSB SFHSFTBS B DBTB DPO TV NVKFS FNCBSB[BEB %JBOF %JS %BOJT 5BOPWJD *SMBOEB &T QB×B Z 'SBODJB %SBNB *OUFS $PMJO 'BSSFMM 1B[ 7FHB $ISJTUPQIFS -FF

)BDF WBSJPT TJHMPT MPT NB ZBT OPT EFKBSPO TV DBMFOEB SJP DPO VOB ÞMUJNB GFDIB RVF TF×BMB DMBSBNFOUF FM GJO EFM NVOEP %FTEF FOUPODFT MPT BTUSØMPHPT MP IBO DPOm SNBEP MPT OVNFSØMPHPT FODPOUSBSPO QBUSPOFT RVF UBNCJÏO MP QSFEJ DFO Z MPT HFØMPHPT PQJOBO RVF IBDF UJFNQP RVF B MB 5JFSSB MF MMFHØ TV IPSB &O FM TBCSFNPT RVF OPT MP IBCÓBO BEWFSUJEP %JS 3PMBOE &NNFSJDI 64" %SBNB DJFODJB m DDJØO *OUFS +PIO $VTBDL $IJXFUFM &KJPGPS "NBOEB 1FFU

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

4BMB 'JMN

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

®HPSB -B DSVEB SFBMJEBE 5SJBHF 1BOEPSVN %FTUJOP m OBM +VMJF Z +VMJB

( 'PSDF EJWFOESFT EJMMVOT J EJNBSUT

7JDLZ FM 7JLJOHP EJTTBCUF J EJVNFOHF

$VFOUP EF /BWJEBE %

5IJT JT JU 5IF 'SPTU .JMMFOOJVN $VFOUP EF /BWJEBE 5SBTI &M OFHSP EF #VFOPT "JSFT EJWFOESFT EJMMVOT J EJNBSUT

&M OFHSP EF #VFOPT "JSFT ( 'PSDF EJTTBCUF J EJVNFOHF

1301&3&4 &453&/&4 -VOB OVFWB "NFMJB

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

QBH JOEE

727 %DGDORQD

5IF #PY TF CBTB FO FM SFMBUP DPSUP #VUUPO &T FM UFSDFS MBS HPNFUSBKF EFM RVF GVFSB DPOTJ EFSBEP iOJ×P QSPEJHPw EFM DJOF 3JDIBSE ,FMMZ &TUF KPWFO DJOFBTUB TF FTUSFOØ FO MB JOEVTUSJB DJOFNBUPHSÈm DB DPO %POOJF %BSLP QFMÓDVMB RVF GVF DPOTJEFSBEB EF DVMUP Z RVF MMFWØ B MPT FYQFSUPT B DPOTJEFSBS RVF ,FMMZ QPTFÓB VO UBMFOUP JOOB

EJSFDUPS IBDF QFOTBS B UPEPT MPT RVF TF FODVFOUSBO FO MB TBMB EF DJOF QVFT FM IFDIP EF SFDJCJS VO NJMMØO EF EØMBSFT B DBNCJP EF MB WJEB EF BMHVJFO DPNQMFUBNFOUF EFTDPOPDJEP FT BMHP RVF TFHVSP RVF NVDIPT TF QFOTBSÓBO TJ TF MP PGSFDJFSBO {)BTUB EØOEF MMFHB FM FHPÓTNP EFM TFS IVNBOP &M m MN OP UFSNJOB EF FOHBODIBS ZB RVF MB BDUVBDJØO EF $BNFSPO %ÓB[ B MB DVBM FTUBNPT BDPT UVNCSBEPT B WFS FO DPNFEJB OP UFSNJOB EF TFS DSFÓCMF &M BDUPS EF 9 .FO .BSTEFO FT NÈT QSPGVO EP Z TV EJMFNB NPSBM BM m OBM EF MB QFMÓDVMB IBDF RVF TV JOUFSQSF UBDJØO TFB BDFQUBCMF 4JO EVEB FM QBQFM NÈT EFTUBDBEP FT FM EFM WFUFSBOP BDUPS 'SBOL -BOHFMMB RVF CPSEB TV JOUFSQSFUBDJØO EF NBMP TJO FTDSÞQVMPT 1FTF B UPEP FT VOB QFMÓDVMB FOUSFUFOJEB RVF QVFEF BZVEBSUF B QBTBS FM SBUP 3JDIBSE ,FMMZ EF OVFWP GBMMB FO TV m MN Z EFDFQDJP OB {2VÏ RVFEB EF BRVFM KPWFO RVF EJSJHJØ %POOJF %BSLP

UP 1FSP FM KPWFO EJSFDUPS QSPOUP MB QJm Ø QVFT TV TFHVOEB QFMÓDVMB SFDJCJØ JOOVNFSBCMFT DSÓUJDBT Z GVF BCVDIFBEB QPS FM QÞCMJDP FO $BOOFT $PO FTUF OVFWP GJMN 3JDIBSE ,FMMZ RVJFSF WPMWFS BM MVHBS EPOEF TV ØQFSB QSJNB MP DBUBQVMUØ 5IF #PY FT VO UISJMMFS EF NJTUF SJP Z DJFODJB m DDJØO RVF DVFOUB VOB IJTUPSJB BUÓQJDB DPO VO m OBM FTUSFNFDFEPS 5PEP DPNJFO[B FM EÓB RVF /PSNB $BNFSPO %ÓB[

Z "SUIVS +BNFT .BSTEFO SFDJ CFO VO NJTUFSJPTP QBRVFUF FO MB QVFSUB EF TV DBTB ²TUF DPOUJFOF VOB DBKB DPO VO CPUØO FO FM DFO USP RVF BM TFS QVMTBEP QSPWPDB EPT TJUVBDJPOFT DPOUSBSJBT MB BQBSJDJØO EF VO NJMMØO EF EØMB SFT Z MB NVFSUF EF VOB QFSTPOB EFTDPOPDJEB "OUF FTUF EJMFNB TF FODPOUSBSÈ MB QBSFKB MB DVBM OP BUSBWJFTB VO CVFO NPNFOUP FDPOØNJDP {"QSFUBSÈO FM CPUØO : TJ MP QVMTBO {DVÈMFT TFSÈO MBT DPOTFDVFODJBT &M EJMFNB NPSBM RVF QMBOUFB FM

&RQFXUVR

&, 1([/ $ .

HVSDL F

-B $SÓUJDB 5IF CPY

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 +BWJFS 4BMBU 7È[RVF[ 4BOUJ 1PSSJ×P -ØQF[ .BSJB -V[ 3FNFEJPT 4PM

727 %DGDORQD

QBH JOEE

HVSDL F

QRYHWDWV PÙVLFD

1FS (JOB EF 5FSB

OOLEUHV

QBH JOEE

-MJTUB EF DBOÎPOT 2VF OBEJF . $BSSBTDP .BMÞ * HPUUB GFFMJOH 5IF CMBDL FZFE QFBT -PPLJOH GPS QBSBEJTF " 4BO[ " ,FZT &TDMBWP EF UVT CFTPT %BWJE #JTCBM -PCB 4IBLJSB

'. %.7$ &' .15 8+'40'5 5' 4'70' &' 07'81 -CVG LCEQDU /#'8# $ J O D P B × P T E F T Q V Ï T E F M EFTFOMBDF EF &M DMVC EF MPT WJFSOFT FM DÓS DVMP EF MBT BNJHBT TF TJHVF SFVOJFOEP SFHVMBSNFOUF QBSB DPNQBSUJS TVT TFDSFUPT QSP ZFDUPT Z BOIFMPT &O MB m FTUB QPS FM FNCBSB[P EF %BSXJO UPEBT MMFHBO DPO VO QFRVF×P SFHBMP UFKJEP QBSB MB GVUVSB NBNÈ Z TF EBO DVFOUB RVF QVFEFO TFHVJS BQPZÈOEPTF MBT VOBT B MBT PUSBT B QFTBS EF RVF MBT DPTBT IBO DBNCJBEP NVDIP

51. + 5'4'0# 7P 5GIQP &M GPML TFN CMB RVF DB EB EJB FTUË N Ï T E F NPEB J VO HSVQ SFDP NBOBCMF J EF DBTB ÏT BRVFTU EVFU EF MB (BSSPUYB RVF BDBCFO EF USFVSF BM NFSDBU FM TFV TFHPO EJTD BVUPFEJUBU UBNCÏ DPOWÏ EJS IP

$BOÎPOT GSFTRVFT J GFTUJWFT E BSSFM USBEJDJPOBM QFSÛ BNC MB JODPSQPSBDJØ E FMFNFOUT NÏT DPOUFNQPSBOJT

%VFSNFWFMB &M #BSSJP 4JO NJSBS BUSÈT %BWJE #JTCBM 5IJT JT JU .JDIBFM +BDLTPO "OUFT EF RVF DVFOUF EJF[ 'JUP Z MPT 'JUJQBMEJT %BJRVJSJ CMVFT 2VJRVF (PO[ÈMF[

1FS GJ MB HVJB RVF U FYQMJDB PO QPUT USPCBS CPMFUT TFOTF I B W F S M P T E F DPMMJS %FT EF MB DPSCB EF MB DBSSFUFSB DPNBSDBM PO QPUT USPCBS SPWFMMPOT B MB WFOEB m OT MFT CPUJHVFT EF EFMJDBUFTTFO PO IJ IB FMT NJMMPST PVT EF SFJH QBTTBOU QFS MFT QBSBEFT EFMT NFSDBUT m YPT J BNCVMBOUT

$'0,#/+0 $+1.#; .C 5WRGTDG 6 O E J T D EF #JPMBZ TFNQSF ÏT VOB CPOB OPUÓDJB FO BRVFTU DBT FM GSBODÒT BHBGB VOFT TPOPSJUBUT NÏT CSJUËOJRVFT NBO UFOJOU FMT BJSFT BDUVBMT EF MB DIBOTPO %FT EF 3PTF ,FOOF EZ FM TFV QSJNFS EJTD #JPMBZ ÏT VO SFGFSFOU NVTJDBM FVSPQFV DBEB EJTD ÏT VO OPV VOJWFST J NBMHSBU FM CBJYØO EF " M PSJHJOF DSFJY J DSFJY %JTD BMUBNFOU SF DPNBOBCMF

-MJTUB EhËMCVNT

%1/24#&145 &' $1.'65 %GEKNKC .QTGP\Q #4# ..+$4'5

.' 2'6+6 4#/10 #EWUVKEWU 4GRNKEC 3 B N P O ' B V S B BDPNQBO ZBU E &MWJT +7 J 9BWJ 5BTJFT FOT Q S F T F O U B VO EJTD EJGFSFOU TPCSFUPU QFM RVF GB M JOTUSVNFOUBDJØ HVJUBSSB DFMMP RVF TPOB DPN VO CBJY J QFSDVTTJPOT -FT MMFUSFT DPN TFNQSF WBMFO NPMU MB QFOB J FM EJTD FO DPOKVOU IB TPSUJU SPEØ DPOTUBUBOU RVF 'BVSB ÏT VOB m HVSB JNQSFTDJOEJCMF FO M FTDFOB NVTJDBM CBSDFMPOJOB

PÙVLFD

1FS 4BMUBNBSUÓ -MJCSFT

-MJTUFT GBDJMJUBEFT QFS 1SPNVTJDBF

OOLEUHV &MT NÏT WFOVUT &M TJNCPMP QFSEJEP

%BO #SPXO &M TJNCPM QFSEVU

%BO #SPXO 0MPS EF $PMÛOJB

.ŏ#0+8'45#4+ &ŏ#56 4+: + 1$'.+: 7FGT\Q 5#.8#6

4ÓMWJB "MDÈOUBSB -MJTUB GBDJMJUBEB QFS 4BMUBNBSUÓ -MJCSFT

ÁMUJN ËMCVN EF M IFSPJ HBM RVF BQBSFJY BNC NPUJV EFM TFV BOJWFSTBSJ "RVFTU ËMCVN FTUË DPNQP TBU QFS EJCVJYPT NBJ WJTUPT E 6EFS[P RVF JMtMVTUSFO VO UFYU JOÒEJU EF (PTDJOOZ PO FT OB SSFO FMT QSFQBSBUJVT QFS B UBO FTQFDJBM BOJWFSTBSJ BM GBNØT QPCMBU EF MFT (ËMtMJFT

$BOPOHF #BSBOFSB #BEBMPOB

XXX TBMUBNBSUJ DPN TBMUBNBSUJ!TBMUBNBSUÓ DPN

727 %DGDORQD

8FCT B NJEB

(FTUJØ EF $PSSFVT EPNJOJT FMFDUSÛOJDT

*OUFSOFU J 1ËHJOFT

%POJT B DPOÒJYFS UBNCÏ B

8F C *OUFSOFU

XXX DMJDEJTTFOZ DPN JOGP!DMJDEJTTFOZ DPN

, . 0!)d0% %*" *0%(

%FNBOJhOT VOB EFNPTUSBDJØ HSBUVÕUB TFOTF DBQ DPNQSPNÓT

7*/& " +6("3 7*/& " $&-&#3"3 &- 5&6 "/*7&34"3* ".# &-4 5&64 ".*$4

5FM

0CFSU UPUT F-T EJFT $Y GHO *XL[ 3RO ,QG /HV *XL[HUHV %DGDORQD

7HO

OOHJXH D VXV FOLHQWHV GH XQD IRUPD UiSLGD \ HÀ FD]

)ROOHWRV SXEOLFLWDULRV 81$ &$5$ HXURV '26 &$5$6 HXURV

)ROOHWRV $ WRGR FRORU [ PP JUP

VLQJXODUV HV

<L 1 < L H< 6

&c P 7

H

" &1 H LTL ûØ Ø1éG ¼TØÐgÆ Ð

'JORVFT #MBODI 3PJH 4 -

Ė uL ¯āċ ÆðĖ¼Æ û ā ÐĖ ûØā g

6gû¼g P û āg Hؼ¯ » .Øā é ÆgÐ ¹ Hؼ¯

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,*/( ;0/" 3*&3" ."5".0304 QMB[B BODIB DPDIF QFRVF×P å .&4 1"3,*/( ;0/" .*26&- 4&37&5 QMB[B BNQMJB DPDIF Z NPUP å .&4 ;0/" 4"/5 "%3*" ÈUJDP N IBCT UFSSB[B N DPDJOB Z CB×P QFRVF×PT B B FYUFSJPS SFBM T BTD å .&4 ;0/" $ 13*. FTUVEJP EF N IBC DPDJOB UJQP PGGJDF UFSSB[B N B B SFBM &95&3*03 å .&4

;0/" --*±" %& .6/5 UPSSF B WJFOUPT N IBCT DPDJOB Z CB×P OVFWPT å .&4

;0/" $ $".&-*" QJTP N IBCT CB×P DPNQMFUP BTFP TBMØO N Z DPNFEPS UFSSB[B N TFNJ BNVFCMBEP 5PEP FYUFSJPS å .&4

;0/" 1"7&--0/ 0-*.1*$0 QJTP EF N IBCT DPNFEPS BNQMJP D CBMDØO DPDJOB FO CVFO FTUBEP CB×P DPNQMFUP å .&4

;0/" $ 503504" DBTB QMBOUBT N TFNJ OVFWB IBCT CB×PT Z BTFP BTDFOTPS QSJWBEP QBSRVJOH JODMVJEP 4FNJ BNVFCMBEP å .&4

;0/" 1&1 7&/563" QJTP N IBC NVZ BNQMJB DPNFEPS DPDJOB CB×P DPO Q EVDIB CBMDØO T BTDFOTPS NVZ MVNJOPTP å .&4

F&L<L 7 ] 7P

;0/" $&/53& EÞQMFY EF N IBCT DPDJOB Z CB×P TFODJMMPT UFSSB[B CBMDØO Z USBTUFSP å .&4

;0/" $ 10/&/5 QJTP IBCT DPNFEPS N DPDJOB Z CB×P NPEFS OPT CBMDØO TJO BTD å .*--

;0/" 1&1 7&/563" QJTP N IBCT D BSNBSJP FNQPU $PDJOB DPNFEPS UJQP PGGJDF CB×PT CBMDØO B B DBMFG FYUFSJPS " FTUSFOBS å .&4

;0/" $&/530 QJTP IBCT CB×P NPEFSOP DPDJOB BSSFHMBEB TJO BTD 3FGPSNBEP IBDF B×PT .*--

;0/" $ $0-- * 16+0- ÈUJDP EF N IBC NBUJNPOJP BNQMJB CB×P DPNQMFUP ".6&#-"%0 å .&4

;0/" 13&4*%&/5 $0.

1"/:4 QJTP N IBCT DPNFEPS N DPDJOB Z CB×PT NVZ CJFO DPOTFSWBEP å .&4

;0/" ."5"3» QJTP IBCT DPNFEPS N DPDJOB Z CB×P EF PSJHFO BTDFOTPS DPNQM FYUFSJPS B QSJNFSB MJOFB EF NBS å .*--

;0/" 1&1 7&/563" QJTP N IBCT Z FTUVEJP DPNFEPS BNQMJP DPDJOB Z CB×P NPEFSOPT B B DBMFGBD SFBM T BTD å .&4

;0/" -" 4"-6% QJTP N IBCT NBUSJ Z JOEJW DPNFEPS Z DPDJOB BNQMJPT CB×P DPNQMFUP B B DBMFG 5PEP FYUFSJPS å .&4

;0/" 1&1 7&/563" BUJDP EF IBCT BNQMJBT Z FTUVEJP DPDJOB UJQP PGGJDF FO NVZ CVFO FTUBEP CB×P BTFP CBMDØO Z BTD QSJWBEP å .*--

;POB 4*453&--&4 QJTP EF N IBCT DPDJOB Z CB×PT TFODJMMPT CBMDØO SFBM T BTD å NFT

727 %DGDORQD

QBH JOEE

1. .')+#6

$PM MFHJBU OVN

$PM MFHJBU O

1< 1 L 7 ] 7P ` 1GT&1 H 1"3,*/( "7 ."35* 16+0- DPDIF HSBOEF å 1"3,*/( [POB MB 1MBOB å ;POB (3"/ -"/% OBWF EF N UPUBM TFNJ OVFWB NVZ MVNJOPTB å ;POB $ $"-%&3»/ %& -" #"3$" MPDBM EF N EJÈGBOP BTFP å ;POB $ #"-.&4 MPDBM EF N

N EF QBUJP å NFT ;POB $ $&37"/5&4 MPDBM EJÈGBOP N N EF BMUVSB BTFP å NFT ;POB --03&%" MPDBM N BTFP QBUJP N TBMJEB EF IVNPT " &453&/"3 å NFT ;POB $ "-'0/40 9*** MPDBM EF N FO OJWFMFT DPDJOB B B CB×P TVFMP QBSRVFU 0'*$*/" "-50 45"/%*/( å NFT ;POB $ 13*. N FN QMBOUB NBT N EF TPUÈOP ;0/" $0.&3$*"- å NFT

OD OODU

NC NNCT

GHFRUDFLÓ FRQVHOOV PRELOLDUL 5HIRUPHV MDUGLQHULD

*OTUBMrMBDJØ EF QBSRVFUT -MBS t 4JTUFNFT E JOTUBMrMBDJØ t $MBWBU ÏT FM NPEFM NÏT USBEJDJPOBM E JOTUBMrMBDJØ CBTBU FO MB m YB DJØ NJUKBOÎBOU DMBVT EF MB GVTUB NBTTJTTB TPCSF MMJTUPOT t 'MPUBOU Ï T F M N Ò U P E F N Ï T D P N Þ E JOTUBMrMBDJØ -FT MËNJOFT FO DBEFMMBEFT VOFT BNC BMUSFT TF TVTQFOFO TPCSF VOB CBTF BÕMMBOU RVF FTNPSUFFJY FM TP J FMT FGFDUFT EF EJMBUBDJØ EFM NBUFSJBM 4FHPOT MB VOJØ EF MFT MËNJOFT MB JOTUBMrMBDJØ n PUBOU QPU TFS &ODPMBEB VOJEFT VOFT B MFT BMUSFT BNC DPMB 4JTUFNB DMJD BRVFTU TJTUF NB ÏT FM NÒUPEF NÏT TFO[JMM J SËQJE 4FHPOT FM GBCSJDBOU QPEFO USPCBS TF EJWFSTFT UFS NJOPMPHJFT QFS B BRVFTU TJTUF NB 5BONBUFJY EJOT E BRVFTUB UJQPMPHJB QPU EJTUJOHJS TF FO USF DMJD IPSJU[POUBM J DMJD B E JODMJOBDJØ

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

t &ODPMBU FO BRVFTU DBT MFT QFDFT EF GVTUB T FODPMFO EJSFDUBNFOU BM QBWJNFOU 5JQVT EF GVTUFT %JOT EF M ËNQMJB PGFSUB J WBSJFUBU EF GVTUFT FYJTUFJYFO EPT HSBOT DBUFHPSJFT DPNQPTUFT QFS MFT GVTUFT UPWFT J MFT GVTUFT OPCMFT -FT QSJNFSFT BDPTUVNFO B TFS EF NFOPS SFTJTUÒODJB RVF MFT OPCMFT J MB TFWB QSFTÒODJB

FO FM NFSDBU ÏT NÏT OPNCSP TB J BCVOEBOU BNC VO QSFV NÏT FDPOÛNJD 1FS DPOUSB MFT GVTUFT OPCMFT P EVSFT TØO NÏT DBSFT J QSFTFOUFO VOB HSBO WBSJFUBU EF DPMPST NPUJVT J UFYUVSFT 1*/503 130'&4*0/"- &$0/».*$0 )BDF UPEP UJQP EF QJOUVSBT FTUVDBEPT WFOFDJBOPT 1SFTVQVFTUPT TJO DPNQSPNJTP 5&-

6(55$//(5

3(56,$1$6 - $

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

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

MPF VHUUDOOHU#JPDLO FRP

7(/ L

7HO

1"-&5"

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

$PDJOBT CB×PT UFSSB[BT GBDIBEBT QPSUFSÓBT CBKBOUFT UFDIPT IVNFEBEFT FUD 1SFTVQVFTUPT TJO DPNQSPNJTP

2)(57$ 3LQWDPRV VX SLVR SRU ½

5FM

7(/

/&5&(&4 * 4&37&*4 &/ (&/&3"-

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

/FUFHFT EF t 0GJDJOFT t -PDBMT $PNFSDJBMT t $PNVOJUBUT t 7JESFT t 1PMJU J BCSJMMBOUBU EF TÛMT "MUSFT 4FSWFJT t $POUSPMT Eh"DDÏT t 1JOUPST t 1BMFUFT t 5SBDUBNFOU EF 1MBHVFT t +BSEJOFSJB $ 1SPHSÏT #BEBMPOB 5FM t .ÛCJM TFSWJOUFSQMBOJGJDBDJPO!IPUNBJM DPN

/2&$/(6 3,626 &2081,'$'(6

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

QBH JOEE

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

5HIRUPDV HQ JHQHUDO &DUSLQWHUtD 3ODGXU $JXD *DV (OHFWULFLGDG $LUH $FRQGLFLRQDGR $OEDxLOHUtD

7(/

727 %DGDORQD

OD OODU

&MT NPUJVT EFM DPMPS 6OB NBOFSB SFMBUJWBNFOU GËDJM EF DBOWJBS E BJSFT J EF SFOP WBS OPT ÏT QJOUBS MFT QBSFUT EF MB DBTB - BTQFDUF E VOB FTUBOÎB RVF DBOWJB EF DPMPS QPU GFS DBOWJBS MB QFSDFQDJØ EF M FTQBJ J m OT J UPU FM OPTUSF FTUBU E ËOJN 6O EFMT NPUJVT QFMT RVBMT QP EFN EFDJEJS DBOWJBS EF DPMPS ÏT QFS JMrMVNJOBS VOB IBCJUBDJØ P VO QBTTBEÓT $PMPST DMBST DPN HSPDT SPTFT P CMBODT DPNCJOBUT BNC BMUSFT DPMPST NÏT GPTDPT FOT BKVEBSBO B SFGPSÎBS BNC MMVN FTQBJT RVF FO UFOFO QPDB 4J FM RVF WPMFN QJOUBS ÏT VOB IBCJUBDJØ HSBO J FTQBJPTB FOT QPEFN BUSFWJS BNC DPMPST NÏT JOUFOTPT #MBVT GPSUT WFSET P UPOBMJUBUT EF HSJTPT TØO DPMPST RVF FOT QFSNFUSBO EFMJNJUBS FTQBJT J m OT J UPU DSFBS BNCJFOUT TFQB SBUT FMT VOT EFMT BMUSFT 4J M IBCJUBDJØ UÏ NPMUB MMVN MFT QPTTJCJMJUBUT FT NVMUJQMJRVFO &O HFOFSBM FMT DPMPST GPTDPT BGBWPSJSBO M BNQMJBDJØ E FTQBJ ²T OFDFTTBSJ RVF RVBO FTDP MMJN VO DPMPS UBNCÏ IP GFN BNC SFMBDJØ BM NPCJMJBSJ J B MB MMVN BSUJm DJBM EF RVÒ EJT QPTFN

%F GFU FM DPMPS E VOB QBSFU QPU SFWJGBS FM DBSËDUFS E VO NPCMF P GFS MP QBTTBS EFT BQFSDFCVU &M DPMPS CFJY ÏT QPUTFS FM DP MPS NÏT BEFRVBU TJ M PCKFDUJV

ÏT GFS EF M FTQBJ VO MMPD NÏT DËMJE .PMU EF DPNQUF BNC FMT DPMPST NPMU GPSUT DPN BSB FM WFSNFMM P FM CMBV GPSU QFSRVÒ QPEFO SFTVMUBS NPMU FTUSFTTBOUT

'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

PPP MHE=HLFH;>E <HF />E /:EE>K R QIHLB<B½G +>K> (:KM>EE ;CHL :=:EHG:

727 %DGDORQD

QBH JOEE

OD OODU

$POTFMMT QFS FTDPMMJS MËNQBSFT -MBS t 2VBO IËHJV E FTDPMMJS VOB MËNQBSB FM QSJNFS FO RVÒ VT IFV EF m YBS ÏT FO FM UJQVT E JMrMVNJOBDJØ RVF WPMFV BDPOTFHVJS "JYÛ EFUFSNJOBSË FO HSBO NFTVSB FM UJQVT MB NJEB J MB GPSNB EF MB MËNQB SB 5BNCÏ IFV EF UFOJS FO DPNQUF MB RVBOUJUBU EF MMVN RVF WPMFV RVF QSPQPSDJPOJ J MFT EJNFOTJPOT EF MB [POB RVF IBVSË E JMrMVNJOBS QFS BJYÓ QPEFS EFDJEJS FOUSF BMUSFT DPTFT FM OPNCSF EF CSBÎPT P QVOUT MMVNJOPTPT RVF IBVSË EF UFOJS FO DBT E PQUBS QFS MËNQBSFT EF TPTUSF MB OF DFTTJUBU P OP E BQBOUBMMBS FMT QVOUT EF MMVN TJ ÏT OFDFTTBSJ DPMrMPDBS EJWFSTPT GPDVT J MB QPUÒODJB EF MFT CPNCFUFT 4J FM RVF WPMFV ÏT EJTQPTBS EF TJTUFNFT E JMrMVNJOBDJØ QVO UVBM QFS B EFUFSNJOBEFT [POFT EF M IBCJUBDJØ TFSË OFDFTTBSJ BERVJSJS GMFYPT P MËNQBSFT QFUJUFT QFS DPMrMPDBS MFT TP

CSF VOB UBVMB 1FS JMrMVNJOBS [POFT EF QBT ÏT SFDPNBOBCMF GFS TFSWJS BQMJDT EF QBSFU RVF UBNCÏ QPEFO SFTVMUBS QSËD UJDT QFS DPMrMPDBS EBSSFSF EFM UFMFWJTPS QFS FWJUBS RVF MFT

QVQJMrMFT USFCBMMJO FO FYDÏT BSSBO EFMT DPOUJOVT DBOWJT EF MMVN RVF FT QSPEVFJYFO FO VOB IBCJUBDJØ RVBO OPNÏT FTUË JMrMVNJOBEB QFM TFOZBM EFM NPOJUPS

5BODBNFOUT 'JOTBS

3&)"#*-*5"$*0/4 5*"/"

%*453*#6*%03 0'*$*"-

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

3&'03.&4 &/ (&/&3"'"±"/&4 $0#&35&4 "326*5&$563"

t 4&(63&5"5 t &45"-7* $ 4BOU #SÞ #"%"-0/" 5FM MBSSBO[!IPUNBJM FT

QBH JOEE

5FM SFIBCJMJUBDJPOTUJBOB!HNBJM DPN

727 %DGDORQD

-FT DBUJGFT UFOFO MB QSPQJFUBU JOOBUB EF EPOBS DBMJEFTB J E BNCJFOUBS MB MMBS "SB RVF T BDPTUB FM GSFE FODBSB BNC NÏT NPUJV 1FSÛ RVJO DSJUFSJ TFHVJN B M IPSB EF QPTBS MB ²T JNQPSUBOU UFOJS FO DPNQUF EJWFSTPT DPOEJDJPOBOUT % VOB CBOEB MB TVQFSGÓDJF EF M FTUBOÎB J M FTQBJ EF RVÒ FT EJTQPTB BNC SFMBDJØ B MB NJEB EF MB DBUJGB &M NÏT SFDP NBOBCMF ÏT RVF IJ IBHJ FTQBJ TPCSBOU EF TVQFSGÓDJF RVF OP FTUJHVJ DPCFSU 5BNCÏ UJOESFN FO DPNQUF M BDUJWJUBU RVF FT EFTFOWPMVQB B M FTUBOÎB -B DBUJGB E VOB TBMB E FTUBS QPUTFS TFSË MB RVF NÏT MMVFJYJ J FO DBOWJ MB RVF QPTFN BM SFCFEPS oRVF TPM TFS VOB [POB NPMU NÏT USBOTJUBEBo MB RVF NFOZT F T E F T H B T U BS Ë B N C N Ï T GBDJMJUBU &M UFSDFS DSJUFSJ ÏT M IPNPHFOFÕUBU $BM RVF MB DBUJGB T BEFRàJ BM NPCJMJBSJ

OD OODU

&TDPMMJS MB DBUJGB NÏT BEJFOU

RVF IJ IB B M IBCJUBDJØ B MFT UPOBMJUBUT J DPMPST BJYÓ DPN B M FTUJM EFM NPCJMJBSJ -FT DBUJGFT FTUBO GFUFT EF NBUFSJBMT EJWFS TPT -FT EF MMBOB TPWJOU UFOFO VOB WJEB NÏT DVSUB TØO NPMU TVBVT QFSÛ NÏT EFMJDBEFT 4J MB MMBOB FT DPNCJOB BNC

BMUSFT NBUFSJBMT DPN FM OJMØ UFOEFJYFO B EVSBS NÏT J B TFS NÏT GËDJMT EF OFUFKBS &M KVUF ÏT VOB BMUSB m CSB NPMU FNQSB EB BWVJ EJB ²T FODBSB NÏT EFMJDBEB J FTUË FTQFDJBMNFOU JOEJDBEB QFS B [POFT FO RVÒ DBNJOFN EFTDBMÎPT

.BUFSJBMT QFS B MB DPOTUSVDDJØ

+0"/ $"/"-4

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

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

727 %DGDORQD

QBH JOEE

"OUPOJP #PUFZ r # " % " - 0 / " *OTUBMBDJPOFT Z 3FQBSBDJPOFT "HVB HBT Z &MFDUSJDJEBE -ATERIAL %L£CTRICO s &ONTANER¤A s 'RIFER¤A s 4UBER¤A 0LÖSTICO s "RICOLAJE s !ZULEJOS s 0AVIMENTOS s #EMENTOS s 0INTURAS s /BRA EN GENERAL

OD OODU

-*.1*&;"4 */% #"%"-0/"

$PSUJOB P NBNQBSB

+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

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

Z QÈHV

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

-MBS t -B NBNQBSB EF EVUYB ÏT B QSJPSJ NÏT TVHHFSFOU J NÏT NPEFSOB QFSÛ FODBSB IJ IB RVJ FT EFDJEFJY QFS MB DPSUJOB .BNQBSB t -FT NBNQBSFT TØO NÏT GËDJMT EF OFUFKBS RVF MFT DPSUJ OFT "NC VO ESBQ P VO UPWBMMØ EF QBQFS J VOB QFUJUB RVBOUJUBU EF DMPS QPU TFS TVm DJFOU QFS GFS MB MMVJS DPN OPWB t " NÏT EF TFS NÏT GËDJMT EF OFUFKBS EFDPSBUJWBNFOU EPOFO NÏT MB TFOTBDJØ EF OFUFEBU t 1FS DPOUSB QFSÛ TØO NÏT EJGÓDJMT E JOTUBMrMBS .FOUSF RVF JOTUBM r MBS VOB DPS UJOB FOT QPU PDVQBS NJOVUT MB JOTUBMrMBDJØ E VOB QPSUB FT QPU BMMBSHBS QSËDUJDBNFOU VO EJB $PSUJOFT t -FT DPSUJOFT TØO NÏT CBSB UFT &M QSFV E VOB NBNQBSB GËDJMNFOU EVQMJDB P USJQMJDB FM QSFV E VOB DPSUJOB t )J IB NÏT EJTTFOZT QFS FT DPMMJS OP ÏT VOB TJNQMF QPSUB EF QMËTUJD "NC VOB DPSUJOB FOT TFSË NÏT GËDJM EFDPSBS VO CBOZ FOT EØOB NÏT QPT TJCJMJUBUT t 4ØO CSVUFT J FT EFTHBTUFO NPMU SËQJEBNFOU 6OB DPSUJOB B NFTVSB RVF QBTTB FM UFNQT FT WB FOSPMMBOU B DBTVTB EF M BDVNVMBDJØ E BJHVB B MB QBSU JOGFSJPS &M TBCØ GB RVF TJHVJ NÏT FOHBOYJGPTB J QFS UBOU NÏT EJGÓDJM EF OFUFKBS

QBH JOEE

"-5*--04 r .63"-&4 $0$*/"4 r #"º04 1"326&5 r "-6.*/*0 .6&#-&4 " .&%*%" #BMEPNFS 4PMË #BEBMPOB 5FM 'BY

3FQBSBDJØO EF DBMEFSBT "JSF "DPOEJDJPOBEP $BMFGBDDJØO DBMFOUBEPSFT QMBDBT TPMBSFT 130(3"."4 %& ."/5&/*.*&/50

4&37*$*0 5²$/*$0 QSPZTFSDMJNB!QSPZTFSDMJNB DPN

50%"4

."3$"4 :4 63(&/$*"

`&O UJFNQP EF DSJTJT MB SFQBSBDJØO FT TV NFKPS JOWFSTJØO

727 %DGDORQD

&MT TQB EPNÒTUJDT TØO VOB FWPMVDJØ NÏT EF MFT CBOZFSFT E IJESPNBTTBUHF KB RVF JO DMPVFO NPMUT KFUT SFHVMBCMFT FO JOUFOTJUBU QFS QPEFS FTDPMMJS FM UJQVT EF NBTTBUHF RVF FT WPM SFCSF J TØO NÏT HSBOT QFSRVÒ FMT QVHVJO VUJMJU[BS EJWFSTFT QFSTPOFT BMIPSB "RVFTUFT CBO ZFSFT EJTQPTFO EF SBJH E BJHVB B QSFTTJØ RVF FT QPU EJSJHJS B [POFT DPODSFUFT EFM DPT QFS BMMFVHFSJS UFOTJPOT SFMBYBS FMT NÞTDVMT P UPOJm DBS 6O QBOFMM P DPNBOEBNFOU B EJTUËODJB QFS NFU SFHVMBS MFT DBSBDUFSÓTUJRVFT J UFNQFSBUVSB EFM CBOZ " NÏT ÏT QPTTJCMF BGFHJS QSPEVDUFT FTQFDÓm DT EF SFMBYBDJØ FYGP

OD OODU

6O ATQB EPNÒTUJD

MJBDJØ TBMT EF CBOZ P BMUSFT QFS BVHNFOUBS FMT CFOFGJDJT EFMT SBJHT " NÏT JODMPVFO SFQPTB DBQT VO TJTUFNB EF EFQVSBDJØ E BJHVB J BJYFUFT FTQFDJBMT BNC VO DBCEBM NÏT HSBO QFS PNQMJS MB CBOZFSB FO NFOZT UFNQT 5BNCÏ IJ IB TQBT QPSUËUJMT RVF m OT J UPU FT QPEFO JOTUBMrMBS

BM KBSEÓ "MHVOT FRVJQT QPSUËUJMT GVODJPOFO TJNQMFNFOU DPO OFDUBUT B VO FOEPMM EF MB YBSYB FMÒDUSJDB " NÏT UFOFO DBQB DJUBU QFS B EJWFSTFT QFSTPOFT J JODMPVFO UBNCÏ VO TJTUFNB EF GJMUSBUHF E BJHVB KFUT BNC EJ WFSTFT QPTJDJPOT EF NBTTBUHF J UBQB EF QSPUFDDJØ

(/(&7520$57, 6 / "%"15".04 -" "/5&/" $0-&$5*7" "- /6&70 4*45&."

5 % 5

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

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

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

4GRCTCEKÎ K OKNNQTC FGN ENCXGIWGTCO

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

1*/503&4 %&$03"5*704 t 1JOUVSB FO HFOFSBM t 'BDIBEBT MPDBMFT FUD 1SFTVQVFTUP TJO DPNQSPNJTP

$BMJG FNQSFTBSJBM OÞN

5FM I

727 %DGDORQD

QBH JOEE

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

DQLPÁOLD

CPKOÀNKC

FRQVHOOV DQLPDOV GH FRPSDQ\LD YHWHULQDULV RSLQLÓ

'JTJPUFSËQJB FO BOJNBMT

"DUVBMNFOU IJ IB VO CPO OÞ NFSP EF UFSËQJFT GÓTJRVFT RVF FT QPEFO FNQSBS QFS SFEVJS FM EPMPS HFOFSBMNFOU EF UJQVT DSÛOJD E BOJNBMT RVF QBUFJYFO PTUFBSUSJUJT V PTUFPSUSPTJ J RVF FO BMHVOT DBTPT IBO FTUBU JO UFSWJOHVUT RVJSÞSHJDBNFOU J FO BMUSFT QFS EJWFSTPT NPUJVT OP IP IBO FTUBU QFSÛ RVF JHVBMNFOU FT QPEFO CFOFmDJBS E BRVFTUFT UÒDOJRVFT #ËTJD BNFOU FMT P CKFD UJVT E BRVFTUFT UFSËQJFT TØO QPEFS EJTNJOVJS FM EPMPS JODSFNFOUBS

DBMPS FO TFTTJPOT OPSNBMNFOU E VOT NJOVUT EF B DPQT BM EJB .BTTBUHFT IJ IB VOB BNQMJB WBSJFUBU MB NBKPSJB CVTRVFO JODSFNFOUBS FM SFH TBOHVJOJ EF MB [POB J FTDBMGBS MB NBOUFOJOU MB NPUJMJUBU EFMT UFJYJUT .PWJNFOUT QBTTJVT J BDUJVT LJOFTJUFSBQJB J FTUJSBNFOUT &MT CFOFmDJT E BRVFTUFT UÒDOJ RVFT TØO FWJEFOUT FO QBDJFOUT QPTU RVJSÞSHJDT UPU J RVF UBNCÏ FO MFTJPOT BSUJDVMBST DSÛOJRVFT 6MUSBTPOT FMFDUSPFTUJNVM MBDJØ MËTFS FUD #ËTJDBNFOU BQMJRVFO DBMPS FO DBQFT NFT QSPGVOEFT EFMT UFJYJUT FTUJNVMFO FMT UFJYJUT QPEFO QSPWPDBS DPOUSBDDJØ NVT DVMBS FUD

FM WFOUBMM EF NPWJNFOU J USBDUBS MFT NPEJGJDBDJPOT NVTDVMBST J UFOEJOPTFT 5PU J RVF IJ IB NPMUFT UÒDOJRVFT GBSFN VO CSFV SFTVN EF MFT NÏT GSFRàFOUT "QMJDBDJØ EF GSFE P DBMPS MP DBMT (FOFSBMNFOU B MFT GBTFT BHVEFT EF MB JOnBNBDJØ FM GSFE MPDBM SFEVFJY FM EPMPS J CBJYB MB JOnBNBDJØ NFOUSF RVF FO GBTFT NÏT DSÛOJRVFT FO DPOUSBDUV SFT J BEIFSÒODJFT UJTTVMBST P CÏ BCBOT EF EFUFSNJOBUT NBTTBU HFT FOT BOJSË NJMMPS M BQMJDBDJØ EF

&O UPUT FMT DBTPT T IB EF GFS VO QMB EFUBMMBU EF DBEB QBDJFOU JOEJDBOU MB QBUPMPHJB EF CBTF RVF UÏ FMT NFEJDBNFOUT RVF QSFO J MFT DJSVSHJFT B RVÒ IB FTUBU TPUNÒT FM QBDJFOU QFSRVÒ FM mTJPUFSBQFVUB WFUFSJOBSJ QVHVJ FTUBCMJS FO DBEB DBT FM QMB NÏT BEJFOU "MGSFEP 0SUFHB $PM

DGRSWD P "3-"

(00':

)FNCSB BEVMUB NFTUJ[P 1BTUPS "MNÈO .VDIP UJFNQP FTQFSBOEP VO IPHBS NVZ CVFOB Z TPDJBMCF

)FNCSB KPWFO FVSPQFP .VZ DBSJ×PTB Z KVHVFUPOB RVJFSF DPO RVJFO KVHBS

"TPDJBDJØO 4FHVOEB 0QPSUVOJEBE "OJNBM "QBSUBEP QPTUBM

%h&/ #04$ (0'&3% $SFV #KT #BEBMPOB

5FM 'BY

QBH JOEE

BTPB!BTPB OFU

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

/; # XXX BTPB OFU "QU #BEBMPOB

727 %DGDORQD

$BSMFT $BSWBKBM SFEBDDJP!FMUPUEJHJUBM DPN

+B FT QPEFO WPUBS MFT DBOEJEBUVSFT RVF PQUFO B DPOWFSUJS TF FO FMT TFU USFTPST EFM QBUSJNPOJ DVMUVSBM NBUFSJBM EF #BEBMPOB

#BEBMPOB t "RVFTUFT TØO UP UFT MFT QSPQPTUFT RVF IB GFU MB DJVUBEBOJB J MFT FOUJUBUT EF #BEBMPOB

t "OUJD FTDPSYBEPS t $B M "NJHØ t $BO #PGÓ 7FMM t $BO #PTDË t $BO #VUJOZË t $BO $BOZBEØ t $BO .JSBWJUHFT t $BO 1VKPM t $BTB "HVTUÓ t $BTB $MBSØT t $BTB EF MB DJVUBU

t $BTB (BMMFOU t $BTB .BUBNBMB t $BTB .JRVFM #BEJB t $BTB 1BWJMMBSE t $BTB 1FSF #VTRVFUT t $BTB 1SBU t $BTUFMM EF (PENBS $BM $PNQUF

t $POKVOU BSRVFPMÛHJD EF #BFUVMP t %BMU EF MB 7JMB t %FTUJMtMBSJB "OÓT EFM .POP t &TDPMB (FSNBOT .BSJTUFT t &THMÏTJB EF 4BOU +PTFQ t &THMÏTJB QBSSPRVJBM EF 4BOUB .BSJB t 'POT SPNË EF MB DPMtMFDDJØ EFM .VTFV EF #BEBMPOB t (FHBOUT "OBTUBTJ J .BSJB t -B -MBVOB t -B 3BNCMB t .FSDBU .VOJDJQBM 5PSOFS t 1BMBV .VOJDJQBM E &TQPSUT t 1BOUFØ EF MB GBNÓMJB #PTDI

t 1BSD EF $B M "SOÞT t 1BUÓ EF 7FMB t 1PCMBU JCÒSJD EFM UVSØ E FO #PTDË t 1PFNB DPSQPSJ EF +PBO #SPTTB 0O ÏT #BEB M POB t 1POU EFM QFUSPMJ t 4BOU +FSPOJ EF MB .VSUSB t 5FBUSF ;PSSJMMB t 5PSSF $PEJOB t 5PSSF 7FMMB %FT E BRVFTU EJMMVOT J mOT BM EJV NFOHF EJB B MFT IPSFT FT QPEFO WPUBS QFS USJBS EFmOJUJWB NFOU FMT USFTPST EFM QBUSJNPOJ DVMUVSBM NBUFSJBM EF #BEBMPOB &T QPU WPUBS FYDMVTJWBNFOU EFT EFM GPSNVMBSJ RVF IJ IB B MB QËHJOB XFC XXX DDD DBU -B WPUBDJØ FT HSBUVÕUB J IJ QPU QBSUJ DJQBS RVBMTFWPM DJVUBEË TJHVJ P OP EF #BEBMPOB &M EJKPVT EF EFTFNCSF FT DFMFCSBSË M BDUF EF QSPDMBNBDJØ EFMT USFTPST

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

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

1307*%&/$*" IBC DVJOB NFOKBEPS CBOZ USBTUFS å

$"-%&30/ 4BCBEFMM N N QBUJ " SFGPSNBS å #"*-&/ #VGBMË -PDBM DPNFSDJBM N å 1+& 3*6 --0#3&("5 -MPSFEB N BEFDVBU PGJDJOFT å "-'0/4 9** 1SPHSFT N NBHBU[FN BMUB TVN å #6'"-" 4BSEBOB N QMBOUFT BDDFTTPT BTFPT PQD PGJD BOFYFT N å '30/5 ."3*5*. 1PSU N N BMÎBEB /06 å -0$"-4 N J N 1M CBJYB TFOTF DPMVNOFT BMÎ N PGJDJOFT å "-'0/4 9** 1M 1BÕTTPT $BUBMBOT -0$"- 1-"/5" #"*9" N E PGJDJOJFT N EF NBHBU[FN OFDFTTJUB SFGPSNFT å *(/"4* *(-&4*"4 -B 1MBOB N QMBOUFT CBOZ å 1307*%&/$*" .FSDBU 5PSOFS N QMBOUFT DBOUPOBEB JEFBM PGJD å 503/&3 .FSDBU MPDBM å QMBOUFT J TÛUBO XD EJGFSFOUT EJTUSJCVD å $"3.& $FOUSF N SFGPSNBU EJËGBO XD å 13*. $FOUSF -PDBM N EJËGBO BDU %JWFSTFT CBOZ å 1307*%µ/$*" .FSDBU 5PSOFS N FO Q CBJYB N TPUFSSBOJ NBHBU[FN NPOUD BTFP å

4"3"(044" 3BWBM IBC DVJOB CBOZ TBGBSFJH B B QBSRVFU å 1- #"%"-0/" 3BWBM IBC DVJOB CBOZ NFOKBEPS SFGPSNBU å 3&1 10356(6&4" 3BWBM 1- #"*9" IBC DVJOB CBOZ NFOK QBUJ USBTU å 4"/5 .*26&- $FOUSF IBC DVJOB CBOZ NFOK TBGBSFJH UTTB N å 3*&3" ."5".0304 $FOUSF N IBC CBOZ BTFP UTTB N NPMU BNQMJ FYUFSJPS å 1- ."3*/"%" $BOZBEØ N NFOKBEPS N IBC UPUBMNFOU FYUFSJPS WJTUFT BM NBS CBOZT DBMFG BSN FODBTUBU å $"-%&30/ 4BCBEFMM "QBSUBNFOUT EF P IBC DVJOB BNFSJDBOB BSNBSJ FODBTUBU CBMDØ QM QLH J USBTUFS %FTEF å )*10-*50 -";"30 # 4BMVU /07" 130.0$*» #Y N QJTPT N IBC CBOZT DVJOB PGG NFOK FTUVEJ UTTFT USBTUFST %FT EF å B å -" 3".#-" $FOUSF QMB CBJYB IBC DVJOB CBOZ NFOK QBUJ JOU å 1&3& *** -B .PSFSB IBC QMBOUB CBMDØ HBMFSJB BMUB TVN CBOZ SFG å

-0$"-4 &/ 7&/%"

"-."/4" #BSOB 7JB +VMJB FS QJT IBC CBOZ SFGPSNBU å ) -";"30 -B 4BMVU IBC DVJOB J CBOZ HSBOT CBMDPOT å "1"35".&/5 " #&/*%03. IBC DBQ QFST NPCMBU QBSL J QJTD DPN å

7*7&/%&4 &/ 7&/%" 5&*® IBC CBOZT DVJOB TBGBSFJH NFOKBEPS UFSSBTTB QFS SFGPSNBS å

#"3 * /&(0$* +VMJ (BMWF[ #SVTPO N å -0$"-4 N J N QMBOUB CBJYB TFOTF DPMVNOFT BMÎBEB N PGJDJOFT å "-'0/4 9** 1M 1BÕTTPT $BUBMBOT -PDBM QMBOUB CBJYB N E PGJDJOFT N EF NBHBU[FN OFDFTTJUB SFGPSNFT å

$&/53& $ -MFØ IBC DVJOB CBOZ NFOKBEPS QBUJ QFS SFGPSNBS å

1 - " $ & 4 % & 1" 3 , * / (

'30/5 ."3*5*. 1PSU 1*4 N IBC BMUB RVBMJUBU CBOZT UFSSBTTFT

."3*" "69*-*"%03" 1SPHSFT -MPHVFS QM QBSRVJOH NPUP å (&3.® +6-* $FOUSF +VUKBUT FO WFOEB DPUYF QFUJU å

WJTUFT BM NBS NBSCSF DBMG B DPOE PQD 1BSLJOH J USBTUFS å

XXX TBMWBUBTTFTTPST DPN

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

727 %DGDORQD

QBH JOEE

DFWXDOLWDW

DFWXDOLWDW

WHQGÈQFLHV

VGPFÇPEKGU &RPHUÇ SURSHU HO FRPHUÇ GH FDVD

-B JNQPSUBODJB EFM DPMPS

TJHOJm DBEP Z TFOTBDJPOFT RVF QSPWPDB FO MBT QSFOEBT EF WFTUJS Z DPNQMFNFOUPT {2VJFSFT TBCFS FM DPMPS RVF NÈT UF GBWPSFDF {4BCFT RVÏ DPMPS FT FM NÈT BEFDVBEP QBSB DBEB NPNFOUP Z PDBTJØO $VBOUBT WFDFT BM FTUSFOBS VOB QSFOEB OPT WFNPT MPT NÈT HVBQ!T EF MB GJFTUB Z DPO NVDIB JMVTJØO FTQFSBNPT RVF BMHVJFO OPT DPNFOUF `RVF HVBQ! FTUBT WBO QBTBOEP MBT IPSBT Z OBEJF TF GJKB FO OPTPUS!T {2VÏ FTUÈ QBTBO EP y {TFSÈ MB QSFOEB P FM DPMPS 6O DPMPS BEFDVBEP FT BDFSUBEP QFSP VO DPMPS JOBEFDVBEP QVFEF BSSVJOBS UV JNBHFO UÞ EFDJEFT {RVJFSFT TBCFS MPT DPMPSFT RVF UF RVF EBO CJFO OPT HVTUB FTUBS HVBQ!T Z QBSB DPOTFHVJSMP UF JOWJUBNPT B RVF SFBMJDFT OVFTUSP UFTU EFM DPMPS 4BCSÈT RVF BSNPOÓB EF DPMPS UJFOFT Z QPESÈT FMFHJS MPT DPMPSFT RVF NFKPS FODBKFO DPO UV NBOFSB

8*7;.(.4 )* 5*1:6: *7. & 2&3.(:7& > 5*).(:7& & )42.(.1.4

-TWFWNT F HTS[JSNW 5WJHNTX JHTSÍRNHTX 5WJLZSYFW UTW .WJSJ

9J Q

XXX NVKFSOBUVSBM FT

EF TFS `FT NVZ GÈDJM 5FTU EFM DPMPS " USBWÏT EF FTUF UFTU EFTDVCSJ SÈT RVF BSNPOÓB UJFOFT Z MPT DPMPSFT RVF NÈT UF GBWPSFDFO `5F JOWJUBNPT B QSPCBSMP {&SFT SVCJ! P {FSFT NPSFO! {5JFOFT MPT PKPT PTDVSPT P DMBSPT {5V QJFM FT DMBSB P NPSFOB

USBCBKP P MPT RVF UF EBSÈO KPWJBMJEBE DVBOEP FTUÏT EF DPQBT DPO UVT BNJHPT 0C TFSWB FM DPMPS EF UV QJFM EFM DBCFMMP Z PKPT Z EFTDVCSF RVF BSNPOÓB FSFT $PMPSFT DÈMJEPT 4PO MPT RVF FO TV DPNQPTJ DJØO DPOUJFOFO QJHNFOUP EF BNBSJMMP &TUPT DPMPSFT BQPS UBO DVBMJEBEFT EF JNBHFO EF DFSDBOÓB Z BDDFTJCJMJEBE 4J TPO JOUFOTPT DPO MVNJOPTJ EBE UF QVFEFO BQPSUBS KPWJBMJ EBE J EJOBNJTNP QFSP TJ TPO NVZ TVBWFT UF QVFEFO BQPSUBS EVM[VSB

5BCMB QBSB DPOPDFS UV BSNPOJB

$PMPSFT GSÓPT 4PO MPT RVF FO TV DPNQPTJ DJØO DPOUJFOFO QJHNFOUP EF B[VM -PT DPMPSFT GSJPT BQPSUBO DVB MJEBEFT EF JNBHFO EF TFSJF EBE Z JOBDDFTJCJMJEBE 4J TPO PTDVSPT UF QVFEFO BQPSUBS VOB JNBHFO EF SFT QFUP Z EJTUBODJBNJFOUP QFSP TJ TPO NZ TVBWFT UF EBSBO VOB JNBHFO EF TFSFOJEBE Z FRVJMJCSJP `"IPSB ZB TBCFT RVF BSNPOÓB EF DPMPS UJFOFT {2VJFSFT KVHBS DPO UV JNBHFO B USBWÏT EF MPT

4J RVJFSFT TBCFS RVF BSNPOÓB EF DPMPS UJFOFT TPMP UJFOF RVF DPJODJEJS EPT DBSBDUFSÓTUJDBT DBMJEB P GSÓB EF MPT EJGFSFOUFT BTQFDUPT Z EFTDVCSJSÈT RVF BSNPOÓB UJFOFT $POPDJFOEP UV BSNPOÓB EF DPMPS TBCSÈT RVF DPMPSFT UF JMVNJOBO FM SPTUSP MPT RVF UF BQPSUBO TFSJFEBE QBSB UV

$FOUSF %FSNPMBTFS %FSNBUPMPHÓB Z 5SBUBNJFOUP MÈTFS

%S "EJM #BTIJS XXX EFSNPMBTFSDFOUSF DPN $ 4BHVOU #BEBMPOB

ÕÌ iÌ

" Ê / $ +PTFQ . $VZËT J 5PMPTB .POUJHBMË #BEBMPOB

V VV

3

5FM " N EFM $BSSFGPVS EF .POUJHBMË XXX DPDDPMJOP FT

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

QBH JOEE

727 %DGDORQD

{2VJFSFT USBOTNJUJS TFSJFEBE EJTUBODJBNJFOUP Z SFTQFUP

{2VJFSFT USBOTNJUJS DFSDBOÓB BDDFTJCJMJEBE

{2VJFSFT USBOTNJUJS KPWJBMJEBE DSFBUJWJEBE Z EJOBNJTNP

{2VJFSFT USBOTNJUJS USBORVJ MJEBE TFSFOJEBE Z GSBHJMJEBE

WHQGÈQFLHV

DPMPSFT 4ÓHVFOPTy 4J FSFT BSNPOÓB DBMJE! Z RVJFSFT EBS VOB JNBHFO OFVUSB VUJMJ[B DPMPSFT DBMJEPT 4J FSFT BSNPOÓB DBMJE! Z RVJFSFT EBS VOB JNBHFO FYUSFNBEB VUJMJ[B MPT DPMPSFT GSÓPT JOUFOTPT 4J FSFT BSNPOÓB GSJ! Z RVJFSFT EBS VOB JNBHFO OFVUSB VUJMJ[B DPMPSFT GSÓPT 4J FSFT BSNPOÓB GSJ! Z RVJFSFT EBS VOB JNBHFO FYUSFNBEB VUJMJ[B MPT DPMPSFT DBMJEPT JOUFOTPT -PT DPMPSFT UBNCJÏO UF QVFEFO BZVEBS B USBOTNJUJS VOB JNBHFO FO HSVQP 4BCFT RVF VO HSVQP EF QFS TPOBT WFTUJEBT DPO DPMPSFT DBMJEPT EBO VOB JNBHFO EF TP CSJFEBE Z OFVUSBMJEBE &O DBN CJP WFTUJEPT DPO DPMPSFT GSÓPT EBO VOB JNBHFO EF GVFS[B Z FOFSHÓB "IPSB RVF ZB TBCFT VO QPDP NÈT TPCSF RVF USBOTNJUFO MPT DPMPSFT UF QSPQPOFNPT QPTJCMFT DPNCJOBDJPOFT %ÏCPSBI 7B[RVF[ J +VEJU 4ÈODIF[ HSBOPMMFST!RVFNFQPOHP FT

r .JDSPQJHNFOUBDJØ DFMMFT MMBWJT VMMT r %FQJMBDJPOT GBDJBMT DPSQPSBMT r 'PUPEFQJMBDJØ )PSFT DPOWJOHVEFT

727 %DGDORQD

QBH JOEE

KBRVFUB h å

GPVMBSE h å

WFTUJU h å

GPVMBSE h å

GPVMBSE h å

3CMB 4BOU +PBO CYT #"%"-0/" 5

PHGLFLQD

OGFKEKPC

IDUPÁFLHV GH WRUQ FRQVHOOV PHWJHV VDOXW

-B .BSBUØ EF 57 TF DFMFCSBSË FM EF EFTFNCSF J MMVJUBSË DPOUSB MFT NBMBMUJFT FTUSBOZFT 4BMVU t -B .BSBUØ EF 57 KB FTDBMGB NPUPST -B DJUB TFSË FM EF EFTFNCSF J BRVFTU BOZ FTUBSË EFEJDBEB B MFT NBMBMUJFT NJOPSJUËSJFT UBNCÏ BOPNFOBEFT FTUSBOZFT RVF B $BUBMVOZB BGFDUFO NÏT EF QFSTPOFT &M MFNB E BRVFTUB FEJDJØ ÏT VO FMP RàFOU i 7VMM TBC FS DPOUSB RVÒ MMVJUPw /BTDVEB GB EJWVJU BOZT QFS SFDBQUBS GPOT J TFOTJCJMJU[BS MB TPDJFUBU TPCSF EFUFSNJOBEFT QBUPMP HJFT -B .BSBUØ BTTPMFJY MB NBKPSJB E FEBU IBWFOU BCPDBU FO UPUB MB TFWB IJTUÛSJB NJMJPOT E FVSPT B MB SFDFSDB NÒEJDB QFSTPOFT BGFDUBEFT B $BUBMVOZB 6OFT QBUPMPHJFT GPS NFO M VOJWFST FODBSB NPMU EFTDPOFHVU EF MFT NBMBMUJFT NJOPSJUËSJFT

QBH JOEE

B WFHBEFT USJHB BOZT B GFS TF J TPWJOU OP FYJTUFJYFO GËSNBDT FGFDUJVT J BTTFRVJCMFT &O MB NBKPSJB EFMT DBTPT OP IJ IB VO USBDUBNFOU FGFDUJV J OPNÏT TFSWFJYFO QFS BDPO TFHVJS VOB NJMMPSB FO MB RVB MJUBU J M FTQFSBOÎB EF WJEB " NÏT T IJ IB EF TVNBS MB JODPNQSFOTJØ TPDJBM QFM EFT DPOFJYFNFOU RVF TF O UÏ

1FS EPOBS MFT B DPOÒJYFS J SFDBQUBS GPOT QFS JOWFTUJHBS MFT -B .BSBUØ DPNFOÎB B GFS CVMMJS M PMMB BNC VOB DBNQBOZB EF DBSUFMMT CBOEFSPMFT GVMMFUT J MB EJWVMHBDJØ FO DFOUSFT FEV DBUJVT E VO %7% RVF FYQMJDB RVÒ ÏT VOB NBMBMUJB FTUSBOZB B USBWÏT EF UFTUJNPOJT FO QSJ NFSB QFSTPOB

"GFD UFO QPRVFT QFS TPOFT QFSÛ FO DPOKVOU B $BUBMVOZB O IJ IB -FT NBMBMUJFT NJOPSJUËSJFT TØO FO NPMUT DBTPT JODVSBCMFT J DPNQPSUFO HSBOT EJTDBQBDJUBUT GÓTJRVFT J NFOUBMT .PMUFT BQBSFJYFO B MB JOGËODJB J UFOFO VOB JNQPSUBOU CBTF HFOÒUJDB " FMMFT T BTTPDJB VOB HSBO EFTFTQFSBDJØ EBWBOU M BCTÒODJB EF EJBHOÛTUJD RVF

5BNCÏ FTUBO QSFWJTUFT NÏT EF DPOGFSÒODJFT BSSFV EF $BUBMVOZB

727 %DGDORQD

4BMVU t -B JOUPMFSËODJB B MB MBDUPTB DPOTJTUFJY FO MB JODB QBDJUBU QFS EJHFSJS MB MBDUPTB FM TVDSF QSFEPNJOBOU B MB MMFU "RVFTUB JODBQBDJUBU ÏT MB DPOTFRàÒODJB EF UFOJS OPNÏT QFUJUFT RVBOUJUBUT EF M FO[JN MBDUBTB RVF FT QSPEVFJY B MFT DÒMrMVMFT RVF SFWFTUFJYFO MB QBSFU JOUFTUJOBM J RVF USFO DB MB MBDUPTB FO GPSNFT NÏT TJNQMFT RVF FT QPEFO BC TPSCJS 2VBO OP IJ IB QSPV MBDUBTB QFS EJHFSJS MB RVBOUJUBU EF MBDUPTB DPOTVNJEB QBSMFN E JOUPMFSËODJB &MT TÓNQUPNFT RVF TF TPMFO QSFTFOUBS MMBWPST TØO OËV TFFT n BUVMÒODJB EJBSSFB P EP MPS BCEPNJOBM FOUSF E BMUSFT EFQFOFOU MB JOUFOTJUBU EF MB RVBOUJUBU EF MBDUPTB RVF MB QFSTPOB UPMFSJ "MHVOFT DBVTFT E JOUPMFSËODJB B MB MBDUPTB TØO CFO DPOFHV EFT 1FS FYFNQMF IJ IB NBMBM UJFT EJHFTUJWFT SFMBDJPOBEFT BNC M JOUFTUÓ QSJN RVF QPEFO SFEVJS MB RVBOUJUBU EF MBDUBTB QSPEVÕEB &O BMUSFT DBTPT QFSÛ FT QSFTFOUB BNC M FEBU KB RVF B QBSUJS EFMT EPT BOZT KB FT DPNFOÎB B QSPEVJS NFOZT FO[JN FODBSB RVF IJ IB QFS TPOFT RVF OP EFTFOWPMVQFO

DBQ TÓNQUPNB m OT NPMU NÏT FOEBWBOU /P IJ IB DBQ USBDUBNFOU QFS JODSFNFOUBS MB QSPEVDDJØ EF MBDUBTB QFSÛ FMT TÓNQUPNFT FT QPEFO DPOUSPMBS B USBWÏT E VOB EJFUB FYFNQUB EF MBD UPTB FO MB RVBM QFS UBOU OP DBMHVJ EJHFSJS MB J OP PDBTJPOJ NPMÒTUJFT

TVMUB EJGÓDJM NBOUFOJS TF FO VOB EJFUB RVF FWJUJ UPUBMNFOU FMT MËDUJDT IJ IB B MB GBSNË DJB QSFQBSBUT RVF DPOUFOFO M FO[JN MBDUBTB RVF BGFHJUT B MB MMFU QFSNFUFO QSFOESF MB KB RVF EFTQSÏT EF EFJYBS MB VOFT IPSFT FO SFQÛT EFTEPCMFO MB MBDUPTB QFS GFS MB EJHFSJCMF &O FTUBCMJS MB EJFUB TFOTF MBDUPTB J QFS UBOU FYDMPFOU IJ MB MMFU RVF ÏT SJDB FO DBM DJ DBM UFOJS QSFTFOU MB JODMV TJØ E BMUSFT BMJNFOUT SJDT FO BRVFTUB TVCTUËODJB % BMUSB CBOEB FODBSB RVF MB MMFU J FMT TFVT EFSJWBUT TØO M ÞOJDB GPOU EF MBDUPTB BRVFTUB T BGFHFJY B EJGFSFOUT BMJNFOUT QSFQBSBUT J QFS UBOU MFT QFSTPOFT RVF FO UPMFSFO NPMU QPDB RVBOUJUBU IBO EF UFOJS FO DPNQUF RVF TBMTFT HBMFUFT DFSFBMT QSP DFTTBUT QPEFO JHVBMNFOU DPOUFOJS MB

&MT OFOT BNC EFm DJÒODJB EF MBDUBTB OP QPEFO JOHFSJS BMJ NFOUT RVF DPOUJOHVJO MBD UPTB 1FS B FMMT IJ IB QFS FYFNQMF MMFUT TFOTF BRVFT UB TVCTUËODJB &O DBOWJ FMT BEVMUT QPEFO OP OFDFTTJUBS FWJUBS MB UPUBMNFOU KB RVF EJGFSFJYFO QFM RVF GB B MB RVBOUJUBU J DMBTTF E BMJNFOUT RVF UPMFSFO 1FS FYFNQMF BM HVOT QPEFO QSFTFOUBS TÓNQUP NFT E JOUPMFSËODJB EFTQSÏT EF CFVSF VO QFUJU HPU EF MMFU NFOUSF RVF B E BMUSFT QPUTFS OPNÏT FMT BGFDUJ TJ TF O QSF OFO EPT IJ IBVSË RVJ QVHVJ NFOKBS BMHVOB NFOB EF GPS NBUHF QFSÛ OP BMUSFT EFSJWBUT MËDUJDT NFOUSF RVF FM JPHVSU IB EFNPTUSBU TFS FO HFOFSBM NÏT CFO UPMFSBU RVF BMUSFT BMJNFOUT 1FS BMT RVF SFBDDJPOFO BNC QFUJUFT RVBOUJUBUT P FMT SF

PHGLFLQD

*OUPMFSËODJB B MB MBDUPTB

$POTFMMT t -B JOUPMFSËODJB B MB MBDUPTB FT DPOUSPMB FWJUBOU FMT BMJ NFOUT RVF MB DPOUFOFO t &MT NFEJDBNFOUT UBNCÏ QPEFO DPOUFOJS MBDUPTB DPO TVMUJ IP BNC FM GBSNBDÒVUJD /ÞSJB $BTBNJUKBOB 3FTQPOTBCMF EFM $FOUSF E *OGPSNBDJØ EFM .FEJDBNFOU

$&/53& %& .&%*$*/" 53"%*$*0/"- 9*/&4"

& * &37 * 4

6 /0 . *$ * " %0

"$616/563" %*&505&3®1*" '*4*05&3®1*" ."44"5(&4

.ÏT EF BOZT E FYQFSJÒODJB FO USBDUBNFOUT EF 5SBTUPSOT NFOTUSVBMT 5SBTUPSOT FNPDJPOBMT 5SBTUPSOT SFTQJSBUPSJT

0CFTJUBU 4PCSFQÒT 1SPDFTTPT EPMPSPTPT -FTJPOT FTQPSUJWFT

$POTVMUB JOGPSNBUJWB HSBUVÕUB XXX DBSG DBU $ #BMEPNFS 4PMË #BJYPT #BEBMPOB

%BWBOU MB QBSBEB EF M BVUPCÞT EFM #% #% # # #

727 %DGDORQD

QBH JOEE

PHGLFLQD

&MT DBTPT EF HSJQ OPWB FT USJQMJRVFO EVSBOU MFT EBSSFSFT TFUNBOFT 4BMVU t &MT DBTPT EF HSJQ OPWB T IBO NVMUJQMJDBU QFS FO MFT EVFT ÞMUJNFT TFUNBOFT 4J FM QBTTBU E PDUVCSF FM %F QBSUBNFOU EF 4BMVU JOGPSNBWB RVF MB UBYB E JODJEÒODJB FSB EF DBTPT QFS DBEB IBCJUBOUT EJKPVT QBTTBU KB T IBWJB FMFWBU B DBTPT QFS DBEB IBCJUBOUT " NÏT BRVFTUB UBYB ÏT TVQF SJPS FO FM HSVQ E FEBU EF BOZT % BMUSB CBOEB EVFT EP OFT EF J BOZT BGFDUBEFT QFM WJSVT EF MB HSJQ OPWB IBO NPSU J KB TØO OPV MFT WÓDUJNFT QSPWPDBEFT QFS MB OPWB HSJQ " UPU $BUBMVOZB T IBO QSPEVÕU VO UPUBM EF DBTPT HSFVT EFMT RVBMT KB IBO FTUBU EPOBUT E BMUB IPTQJUBMËSJB NFOUSF RVF OPV QFSTPOFT FT USPCFO JOHSFTTBEFT B MB 6OJUBU EF $VSFT *OUFOTJWFT 6$*

&M %FQBSUBNFOU EF 4BMVU IB BENÒT RVF FM WJSVT IB DP

NFOÎBU B DJSDVMBS BNC NÏT JOUFOTJUBU QFSÛ RVF UBNCÏ T IB PCTFSWBU RVF VOB NBKPS QSFTÒODJB E BMUSFT WJSVT SFT QJSBUPSJT %FM UPUBM EF NPTUSFT SFTQJSBUÛSJFT RVF IBO SFTVMUBU QPTJUJWFT BM MBCPSBUPSJ BQSPYJ NBEBNFOU MB NFJUBU DPSSFT QPO BM OPV WJSVT EF MB HSJQ J M BMUSB NFJUBU B BMUSFT WJSVT SFTQJSBUPSJT "M MMBSH EF MB TFUNBOB RVF WB EFM E PDVCSF BM EF OPWFNCSF T IB PCTFSWBU VO MMFVHFS JODSFNFOU EFM OPNCSF

E VSHÒODJFT BUFTFT UBOU BMT IPTQJUBMT E BHVUT RVF TVQPTB VO JODSFNFOU EFM SFTQFDUF B MB TFUNBOB BOUF SJPS DPN BMT JOGBOUJMT RVF TVQPTB VO JODSFNFOU EFM SFTQFDUF B MB TFUNBOB BOUFSJPS 5PU J BJYÓ FM OPNCSF EF QBDJFOUT JOHSFTTBUT EFT E VSHÒODJFT ÏT JOGFSJPS BM EF TFUNBOB BOUFSJPS J BM NBUFJY QFSÓPEF EF M BOZ BOUFSJPS FO FMT IPTQJUBMT HFOFSBMT NFOUSF RVF ÏT TJNJMBS FO FM DBT EFMT IPTQJUBMT JOGBOUJMT

%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,&$

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

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

14*$»-0(" /J×PT Z BEPMFTDFOUFT

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

JXÁUGLD GLÛUQD

J C J

"EVMUPT

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

PHGLFLQD

IDUPÁFLHV

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

&KUUCDVG FG PQXGODTG "(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

/FVSPQTJDPMPHÓB

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

1TJDPUFSBQJB

'BNJMJBS Z QBSFKB )PSBT DPOWFOJEBT

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

5FM

//$5 )$0,/,$5 7,$1$ /ODU SHU JHQW JUDQ DXWzQRPD

&KWOGPIG FG PQXGODTG "(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

FHQWUH GH GLD HVWDGHV ¿ [HV HVWDGHV L KRUHV FRQYLQJXGHV JUDQ MDUGt L FDUSD

&GN &KNNWPU FG PQXGODTG CN FKXGPFTGU FG PQXGODTG JUDQ MDUGt L FDUSD

FXLQD SUzSLD

KDELWDFLRQV GREOHV L LQGLYLGXDOV

DFWLYLWDWV

"(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

$YGD 9LOHVD 7LDQD 7HO ZZZ OODUIDPLOLDU FRP LQIR#OODUIDPLOLDU HV 'U 5DPyQ 1RYHOO L $OVLQD 6XVDQQD (VWHED L &DVWLOOR 3VLTXLDWULD 3VLFRORJLD L 1HXURSVLFRORJLD $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 & )UDQFHVF 3ODQDV L &DVDOV 7HO +RUHV FRQYLQJXGHV

PHGLFLQD L VDOXW BOVODJB U FO BRVFTUB TFDDJØ

JXÁUGLD QRFWXUQD

J C J FGN FKC UGI×GPV

&KUUCDVG FG PQXGODTG (0/;«-&; +*.²/&; $BOPOHF #BSBOFSB 7*":/" "W 1SFTJEFOU $PNQBOZT

XXX FMUPUEJHJUBM DPN CBEBMPOB!FMUPUEJHJUBM DPN

&KWOGPIG FG PQXGODTG 4&("33" "W "MGPOT 9*** 7*":/" "W 1SFTJEFOU $PNQBOZT

&KNNWPU FG PQXGODTG

%SB . $"3.& 1"3²4 )0.&01"5*"

4&3&/5*-- .BS 7*":/" "W 1SFTJEFOU $PNQBOZT

&KOCTVU FG PQXGODTG

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

4"--" 4BMWBEPS 4FHVÓ 7*":/" "W 1SFTJEFOU $PNQBOZT

&KOGETGU FG PQXGODTG 1"4$6"- 4BOUJBHP 3VTTJOZPM 7*":/" "W 1SFTJEFOU $PNQBOZT

&KLQWU FG PQXGODTG 7*7&4 +VBO 7BMFSB $BOU ®GSJDB

7*":/" "W 1SFTJEFOU $PNQBOZT

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

&KXGPFTGU FG PQXGODTG

7ÓB "VHVTUB #BEBMPOB

9*3"6 *OEFQFOEÒODJB 7*":/" "W 1SFTJEFOU $PNQBOZT

727 %DGDORQD

QBH JOEE

JDVWURQRPLD

ICUVTQPQOKC

UHFHSWHV UHVWDXUDQWV SL]]HULHV PHQMDUV SUHSDUDWV

&M DPDP VOB GSVJUB USPQJDBM BMUBNFOU DBMÛSJDB (BTUSPOPNJB t &M DPDP ÏT VO GSVJU UÓQJD EF MFT JMMFT EF DMJNB USPQJDBM J TVCUSPQJDBM EF M PDFË 1BDÓGJ D FM DPDP ÏT VO GSVJU UÓQJD EFM DFOUSF E "NÒSJDB EFM $BSJC J EF M ®GSJDB USPQJDBM -B DPNQPTJDJØ OVUSJDJPOBM EFM DPDP WBSJB FO GVODJØ EFM HSBV EF NBEVSFTB &O RVBMTF WPM DBT EFTUBDB QFS MB CBJYB BQPSUBDJØ E BJHVB J M BMUB FO HSFJYPT FTQFDJBMNFOU EFM UJQVT TBUVSBU &M DPOUJOHVU FO IJESBUT EF DBSCPOJ ÏT UBNCÏ CBJY BJYÓ DPN MFT QSPUFÕOFT % BMUSB CBOEB ÏT SJD FO TBMT NJOFSBMT FTQFDJBMNFOU FO NBHOFTJ FO GÛTGPS J FO DBMDJ 5BNCÏ EFTUBDB M BQPS UBDJØ FO m CSB &O SFMBDJØ BNC FMT HSFJYPT TBUVSBUT T IB EF TBCFS RVF VO DPOTVN FYDFTTJV E BMJNFOUT RVF DPOUJOHVJO BRVFTU UJQVT EF HSFJY QSPWPDB VO BVHNFOU EFMT OJWFMMT EF DPMFTUFSPM FO MB TBOH 5PU J BNC BJYÛ DBM UFOJS FO DPNQUF RVF FM DPDP ÏT VOB

GSVJUB RVF OP FT DPOTVNFJY IBCJUVBMNFOU QFS MB RVBM DP TB MB JOHFTUB FTQPSËEJDB OP SFQSFTFOUB DBQ JODPOWFOJFOU QFS MB TBMVU J DPOUSBSJBNFOU FOT QPEFN BGBWPSJS E BMUSFT OVUSJFOUT FTQFDJBMNFOU EF MB m CSB J EFMT NJOFSBMT CFOFm DJPTPT QFS BM OPTUSF PSHB OJTNF 1FS USJBS VO DPDP EF CPOB RVBMJUBU IFN EF TBCFS RVF B M IPSB E FTDPMMJS MP IBVSË EF TFS BSPNËUJD JHVBM RVF FM NF MØ " NÏT B NÏT FOT IBVSFN E BTTFHVSBS RVF TF TFOUJ VOB NJDB M BJHVB B M JOUFSJPS 4J OP

TF TFOU BMFTIPSFT WPMESË EJS RVF ÏT NBTTBNBEVS -B QFMM NBSSØ RVF SFDPCSFJY MB QPMQB CMBODB TPM TFS VOB NJDB JOEJ HFTUB "RVFTUB ÏT MB UBVMB EF DPNQPTJDJØ OVUSJDJPOBM QFS HSBNT EF DPDP DPOTVNJUT &OFSHJB DBMPSJFT "JHVB NM 1SPUFÕOFT HSBNT (SFJYPT HSBNT )JESBUT EF DBSCPOJ HSBNT 'JCSB HSBNT 1PUBTTJ NH .BHOFTJ NH

5HVWDXUDQW 7tSLF 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 T OJU %JVNFOHF DBU O UB T O MV JM E J

1MBÎB EF MB GPOU r #BEBMPOB 5FM r

$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

3FTFSWFT UFMÒGPO

1

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

QBH JOEE

727 %DGDORQD

4PQBS B MFT I J FTQFDUBDMF B MFT I

4PQBS BNC MhFTQFDUBDMF

3 & 4 5 " 6 3 " / 5

JDVWURQRPLD

%*44"#5& %& /07&.#3&

Y DBCFO EPT BNC +PTÏ #BJMØO Z 5POJ .

.&/Á %*"3*0

FSESF /P UhIP QPUT Q 3JVSËT TFHVS

r 4FSWJDJP B MB DBSUB Z CBORVFUFT

?

/- @1

88

1 8

.POÛMFHT J 4IPX 3HS 9HQWXUD %$'$/21$

r 4BMPOFT JOEJWJEVBMFT EF B QFSTPOBT

7HO

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

#"3 %&(645"$*» * %& $01"4 'PJF GSFTD BNC QË J YPDPMBUB 'BSDFMMFUT GBSDJUT 5BQFT WBSJBEFT $BUB EF WJOT

$USB #BEBMPOB .POUDBEB ,N $BOZFU

%F EJNBSUT B EJTTBCUFT EF I B I

3FTFSWBT

4BOU 'SBODFTD Eh"TTJT #BEBMPOB 5FM

727 %DGDORQD

QBH JOEE

5FM

JDVWURQRPLD

&M CBMDØ EFM NBS SFTUBVSBOU

5FSSBTTFT BNC WJTUFT B NBS 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

4J TPV TFSWJUT VOB OPWB QÒSEVB 'SBODFTD .VSHBEBT J #BSEJ $BUFESËUJD EF CJPMPHJB QSPGFTTPS EF HBTUSPOPNJB J BVUPS EF EJWFSTPT MMJCSFT EF DVJOB J CJPMPHJB

(BTUSPOPNJB t "WVJ IF BOBU B NFSDBU UPU J RVF FSB FOUSF TFUNBOB * DPN RVF IJ IF BOBU EF CPOB IPSB IF PQUBU QFS FTNPS[BS %JTDSFUBNFOU 6O FOUSFQË EF CPUJGBSSB CMBO DB 2VF BSB EJVFO RVF FMT FNCPUJUT DVSBUT ÏT B EJS EFT EFM QFSOJM B MB MMPOHBOJTTB OP TØO UBO CPOT DPN DSÒJFN &M DBNCSFS EFM CBS EFM NFSDBU N IB TPSQSÒT BNC VO EFUBMM RVF N IB EVU BM UFNQT EF MB NFWB KPWFOUVU "M DPTUBU EFM QMBU EF M FOUSFQË N IB QPTBU VO QMBUFU BNC PMJWFT 5SFODB EFT VO QVOU BNBSHBOUT J RVF N IBO SFDPSEBU VOB BOUJHB USBEJDJØ BNC MB RVF GFJB UFNQT RVF OP UPQBWB -B EF QPTBS B UBVMB oJ OP OFDFTTËSJBNFOU MB E FTNPS[BS VOFT iTBMBPSTw QFS BDPNQBOZBS MFT NFO HFT 4J BOFV B 7BMÒODJB J BUBRVFV VOB QBFMMB DPN DBM GPSB EFMT DJSDVJUT DPOWFODJPOBMT J FO M ËNCJU QSJWBU TFHVS RVF OP IJ NBODBSË MB iTBMNPSSFUBw FM QMBU EF UPNËRVFU J BMUSFT WFSEVSFT DPOTFSWBEFT FO TBM NPSSB RVF BKVEB B EPOBS FM DPOUSBQVOU *HVBM RVF IP GB FM USBHP EF WJ EFM QPSSØ P MB NPT TFHBEB EF QB 6O DPOUSBQVOU

QBH JOEE

RVF T BHSBFJY E BMMÛ NÏT RVBO MB NFOKB ÏT EF UFYUVSB DPOUVO EFOU P EF HVTU TVBV 1FSRVÒ UPSOB B QPTBS FM QBMBEBS FO FTUBU E BMFSUB J MFT HMËOEVMFT TBMJWBMT B MB GFJOB

# ,,EØ "ADALONA

4EL

CALAMERCE

GMFDB

EFHVTUBDJØ

("6%¶

"MFTIPSFT DPN ÏT RVF FTUFN BCBOEPOBOU B UPUB NËRVJOB BRVFTUB TËWJB USBEJDJØ * OP WBM B EJS RVF FMT SFTUBVSBOUT MB SFDVQFSFO QPTBOU UF FM TFUSJMM EF M PMJ BNC MB TBM HSVJYVEB BM DPTUBU EFM QSJNFS QBOFU RVF BSSJCB B UBVMB "RVÓ MB DPTB FTUË QFOTBEB QFS BUJQBS FM DPNFOTBM 1FS DBMNBS MP EV SBOU M FTQFSB J UBNCÏ OP FOT FOHBOZFN QFSRVÒ OP USPCJ MFT SBDJPOT UBO QFUJUFT DPN FO SFBMJUBU TØO

+B IFN PCFSU MB MMFTRVFSJB t 5PSSBEFT BNC FNCPUJUT t %FHVTUBDJØ WJOT J DBWFT t &TNPS[BST EFHVTUBDJØ QBTUJTTFSJB CSJPJYFSJB t %FHVTUBDJØ DBGÒT

%JTTBCUFT J EJVNFOHFT t 1PMMBTUSFT t $BOFMPOT J FTQFDJBMJUBUT EF MB TFUNBOB t 1B BSUFTBOBM J ÞOJD B .POUHBU 1MBÎB "OUPOJ (BVEÓ MPDBM .POUHBU 5FM

-FT PMJWFT EF MB NFWB JOGBO UFTB J MFT EF M BMUSF EJB BM CBS EFM NFSDBU UFOJFO VOB BMUSB GVODJØ "DPNQBOZBS NF EV SBOU UPU M ËQBU $PN FM WJ BSB TPWJOU DPOTVNJU CËTJDBNFOU NFOUSF IPN FTQFSB FM QSJ NFS QMBU 'FV MB QSPWB TJ OP FN DSFJFV 2VBO FM QSJNFS QMBU BSSJCJ B UBVMB RVJO QFS DFOUBUHF EF M BNQPMMB KB IB CBJYBU QFM HBOZPU B DPNQUF EFM UBTU JOJDJBM FM DPNFOUBSJ EF M FYQFSU EF MB UBVMB J MB TFU EFMT DPNFOTBMT

T J O P

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

R V F FU

"JYÛ ÏT FM RVF NÏT N FNQJQB &TUFN DBOWJBOU FMT IËCJUT QFSÛ FOT FOUFTUFN FO OF HBS IP

TELEFONICA NET

U SP C JO

727 %DGDORQD

YHK,FOHV FLUFXODFLÓ QRYHWDWV FRQFHVVLRQDULV

727 PRWRU

616 OQVQT 7PMLTXBHFO (PMG 7BSJBOU

BM EBSSFSF J DJOUVSPOT BM EBWBOU BNC SFHVMBDJØ E BMUVSB J QSFUFO TPST BOUJCMPRVFKBNFOU EF GSFOT "#4 BTTJTUÒODJB B MB GSFOBEB DPOUSPM E FTUBCJMJUBU DPOUSPM EF USBDDJØ GBST BOUJCPJSB EJSFDDJØ BTTJTUJEB WBSJBCMF TFHPOT MB WFMPDJUBU

QPU QPSUBS GBST EF YFOØ TJTUF NB E FTUBDJPOBNFOU BVUPNËUJD DËNFSB QPTUFSJPSE BQBSDBNFOU TPTUSF QBOPSËNJD J DPOOFDUPS #MVFUPPUI *ODMPV FOUSF E BMUSFT BRVFTUT FMFNFOUT EF TFHVSFUBU OPV DPJYJOT EF TFHVSFUBU EF TÒSJF DJOUVSPOT E BODPSBUHF

XXX 7&/5"%&/&6."5*$04 DPN

.PUPS t &M (PMG 7BSJBOU ÏT MB WFSTJØ GBNJMBS GPSNBEB QFS USFT DBSSPTTFSJFT J QPSUFT J NP OPWPMVN (PMG 1MVT "NC VOB MPOHJUVE EF NFUSFT ÏT FM NPEFM NÏT MMBSH J BNC NÏT DB QBDJUBU FO MFT QMBDFT QPTUFSJPST &M NBMFUFS UÏ VO WPMVN DPOTJ EFSBCMF EF MJUSFT % FOUSF M FRVJQBNFOU EF TÒSJF IJ IB M BJSF DPOEJDJPOBU FM SFDPM[BCSBÎPT DFOUSBM FM TFJFOU EFM DPOEVDUPS BNC BKVTUBNFOU FO BMUVSB FM UBO DBNFOU DFOUSBMJU[BU FMT WJESFT UÒSNJDT UJOUBUT EFTCMPRVFKBNFOU EFT EF M JOUFSJPS EFM EJQÛTJU EF DPNCVTUJCMF BMÎBWJESFT FMÒDUSJDT BM EBWBOU J BM EBSSFSF SFUSPWJTPST SFHVMBCMFT FMÒDUSJDBNFOU &O GVODJØ EFM OJWFMM E FRVJQBNFOU

%FTHVBDFT &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/"

%0/&. -" 70-5" "-4 13&64

"-26*-&3 %& '63(0/&5"4 : 563*4.04

0'*$*/" &/ #"%"-0/" $ &-&$53»/*$" O 1PM *OE -FT (VJYFSFT 5&- XXX HSVQPNBSUIF DPN 727 %DGDORQD

QBH JOEE

KRU¶VFRSV ®3*&4 BM

$3"/$ BM

#"-"/±" BM $"13*$03/ BM

.PTUSBS UF DPN FUT TFOTF BNBHBS MB UFWB QFSTPOBMJUBU U PCSJSË NPMUFT QPSUFT J BMHVOT DPST QFSÛ FODBSB RVF FT USBDUJ E FTUJNBS UF UBM DPN FUT BQSÒO B DPNQBSUJS &O FM DBNQ MBCPSBM OP ÏT MB NJMMPS TFUNBOB QFS B JOJDJBS TJHOBS BDPSET P EFGFOTBS MFT UFWFT JEFFT

-B UFWB QFSDFQDJØ EF MFT TJUVBDJPOT QPEFO TFS EJGFSFOUT B MB EF MFT QFSTPOFT NÏT QSPQFSFT B UV "HBGB U IP DPN VOB PQDJØ RVF QPU FOSJRVJS UF OP DPN VO FOGSPOUBNFOU &O FM USFCBMM BKVEB QFSÛ TFOTF QFSESF EF WJTUB MFT UFWFT QSJPSJUBUT FO DBT DPOUSBSJ QPUT QFSESF VOB CPOB PQPSUVOJUBU

6OB TFUNBOB NPHVEB KB RVF FM QMBOFUB RVF SFHFJY FM UFV TJHOF FTUË FO QFV EF HVFSSB J OP FU GBDJMJUB MFT DPTFT %PNJOB UÞ MFT TJUVBDJPOT OP EFJYJT RVF OJOHÞ NBOJ FO MFT UFWFT FNPDJPOT /P QSFOHVJT EFDJTJPOT BRVFTUB TFUNBOB EF DBJSF MBCPSBM OP FTDPMUJT FM RVF OP M JOUFSFTTB J BGSPOUB FM EJB BNC PQUJNJTNF

5"63& BM

--&» BM

&4$031¶ BM "26"3* BM

"NC FM QMBOFUB 7FOVT CBTUBOU BMUFSBU BM MMBSH EF MB TFUNBOB MFT SFMBDJPOT IVNBOFT J MFT EFNPTUSBDJPOT E BGFDUF OP TFSBO FM UFV GPSU FM NJMMPS TFSË QBTTBS EFTBQFSDFCVU &O FM USFCBMM FM RVF NÏT FU DPOWÏ ÏT FTUBS USBORVJM TFOTF QSFOESF NPMUFT EFDJTJPOT J BNC UFNQT QFS B PSHBOJU[BS MFT UFWFT UBTRVFT

-B GSFRàÒODJB BNC MB RVF FU SFVOFJYFT BNC FMT UFVT GBNJMJBST OP QPU EFQFOESF EFM QSPHSBNB RVF U JNQPTJO TJOØ EF MFT UFWFT QSÛQJFT OFDFTTJUBUT FO DBT DPOUSBSJ OP FU TFOUJSËT B HVTU &O FM USFCBMM TJ FU TFOUT EJWJEJU FOUSF FM RVF EFTJUHFT GFS J FM RVF MB WJEB U PCMJHB QSPDVSB GFS FM RVF IBT EF GFS DPN TJ GPT FM RVF WPMT GFS

) J I B R V J Q P U SFUSFVSF U MB UFWB GBMUB EF TFOTJCJMJUBU J DPNQSPNÓT /P EJTDVUFJYJT QBTTB EFM DPOnJDUF J CVTDB MB NBOFSB EF SFDPODJMJBS UF QFSÛ TFOTF GPSÎBS FTQFSB VOT EJFT QFS B BDMBSJS MB TJUVB DJØ &YDFMrMFOU TFUNBOB QFS B UBODBS BDPSET CVTDB GFJOB J MB USPCBSËT FO MB NFTVSB RVF FU NPHVJT QFS GFS IP

#&440/4 BM

7&3(& BM

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

4J FU EFJYFT JOnVFO DJBS QFS BMHVOFT QFS TPOFT EFM UFV FOUPSO BM mOBM QPUT FTUBS DPOGØT 4PMBNFOU UV TBQT FM RVF FU DPOWÏ J RVJOT TØO FMT UFVT TFOUJNFOUT &U WJOESË NPMU CÏ SFnFYJPOBS FO TPMJUVE -B GBDJMJUBU BNC MB RVF BCPSEFT B MB HFOU U PCSJSË QPSUFT UBOU FO FM UFSSFOZ QSPGFTTJPOBM DPN FO M IVNË

4J FM UFV PCKFDUJV BNP SØT OP TVSU CÏ B MB QSJNFSB EØOB MJ VOB BMUSB PQPSUVOJUBU B M BNPS - FYQFSJÒODJB EF MB WJEB U BKVEBSË B OP DPNFUSF FMT NBUFJYPT FSSPST )BVSËT EF DPODFEJS UF VO UFNQT EF SFnFYJØ ²T FM NJMMPS QFS B OP DPNFUSF VO FSSPS SFT QFDUF B VOB TJUVBDJØ MBCPSBM EFEJDBEB

+VHBS BNC MFT FNP DJPOT EFJYB EF TFS EJWFSUJU RVBO FM EPMPS USFV FM DBQ QFS MB mOFTUSB EFM DPS QSPWPRVFT TJUVBDJPOT DPOGVTFT #VTDB DPNQSFO ESF M FYQFSJÒODJB QFSRVÒ OP QFSTJTUFJYJ &TUËT FO VO FYDFMrMFOU NPNFOU QSPGFT TJPOBM QFSÛ M BDVNVMBDJØ EF DPTFT QPU BSSJCBS B TBUVSBS UF

-B TFO[JMMFTB FMT EFUBMMT BNPSPTPT MB TFOTJCJMJUBU RVF QPUT EFNPTUSBS MJ B MB UFWB QBSFMMB TFSË UBO DFMFCSBEB RVF FU TFOUJSËT FOUVTJBTNBU &O FM USFCBMM UFOT EBWBOU UFV QPTTJCJMJUBUT FTQMÒOEJEFT BDUJWB U J BQSPmUB MFT 6O DPOUBDUF QSPGFTTJPOBM QPU EPOBS CPOT SFTVMUBUT

&TDPMUB FM RVF MB UFWB QB SFMMB IBHJ E FYQSFTTBS UF UBNCÏ QPU TFS RVF FT USBDUJ E VO BNJD RVF OFDFT TJUB FTQMBJBS TF -B UFWB GPSNB E BCPSEBS FMT QSPCMFNFT TFOUJ NFOUBMT FU GBDJMJUBSË MFT DPTFT -B UFWB MÛHJDB ÏT BQMBTUBOU QFSÛ UBNCÏ FTDPMUB FM UFV DPS &O FM UFNB MBCPSBM RVBO NFOZT U IP FTQFSJT UJOESËT VOB HSBO OPUÓDJB

%POBS VO TBMU BM CVJU ÏT NPMU BSSJTDBU QFOTB CÏ FM RVF WBT B GFS BCBOT EF MMBOÎBS UF QPU TFS RVF FU KVHVJT MB UFWB FTUBCJMJUBU TFOUJNFOUBM 6OB USPCBEB GPSUVÕUB QPU SFTVMUBS NPMU BWBOUBUKPTB QFS B MB UFWB GFJOB J QFS B DPOUBDUBS BNC QFSTPOFT JOUFSFTTBOUT QSPGFTTJP OBMNFOU

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

SDVVDWHPSV

5"305 "3"/%" {5JFOFT EVEBT FO FM BNPS /FHPDJP Z TBMVE {&SFT TFOTJCMF

``-MÈNBNF

.BZPSFT EF B×PT $PTUF MMBNBEB SFE m KB å .ØWJM å "1 $PSSFPT 4BCBEFMM #$/ /$4

*)/3$

/ -*/ d 1$ ) $ d 40 .+$-$/0 '

4PMVDJPOT B MB TFDD FDPOÛNJDT

7$527 5(,., 5,78$/(6 9(/$6

$f26 126 $9$/$1 7HO 0DUWD

1FS 1BV 7JEBM

)03*5;0/5"-4 "MUFS OBUJWB DPOUSBDUVBM B MB NPSU BOVBM *OJDJT E FO +PSEJ 1VKPM 'ÏV DBVSF FM TVQFSJPS /P FOSFEP RVF TJ OP QBTTBSJB GSFE &OUSBOU FO NBUÒSJB "CEP NJOBMT TFOTF GFS FYFSDJDJ 1FS UPU M FTDBJSF 2VF GBSJB EF DMFSHVF KB FSB EF QSFWFVSF 6O CPSSBUYØ BM DPS EFM QFTTFCSJTUB "NJDT E &ODFOESF FM (BT ²T BM DJBOVS DPN B GPSB FM GPSBU *OTUSVNFOU BMUFSOBUJV B M ÛSHBO UPU J RVF VOB NJDB DB SFU 0SHBOJU[BDJØ /P +VEJDJBM 5BO FYDFQDJPOBM RVF OPNÏT QPU IBWFS TPSUJU E VOB MMËOUJB * BJYÛ ÏT UBO CBOBM RVF ÏT DPTB EF UPUT $SFBDJPOT B UPUT FMT FTCBSUT &TUË QFSGFDUBNFOU TBOB BUÒT RVF OP UÏ UFTUJDMFT .BUFO FM QPSD - FTNFOUP B MB NBOFSB DMËTTJDB QFSRVÒ ÏT DPN VOB HVJUBSSB BOUJHB "CBOT EFM $1 9FSSP DPN VO USPT EF DBSBMMPU .JOWBS MB GPSÎB EF SFTJTUÒODJB EFM NBS 5FSDFSB EF USFT $PN B NJHEJBEB ÏT VOB QBTTBEB * TFHPOB EF SFT .FOKBEPSB EFM CPV J MB NVMB 'SBHNFOU DPN M FTNFOUBU DBSBMMPUFTDB NFOU $SJU RVF TF TPM TFOUJS BM $BVDBT -B NFWB DJSDVNT UËODJB J MB UFWB UBNCÏ 727 %DGDORQD

QBH JOEE

5"305 %&

7&35*$"-4 $POUSBD DJØ EPMPSPTB QFS DVMQB EF MB CBJYBEFUB 1SFHBSË EF NBMB NBOFSB QFS DPOTFSWBS MB QFMB 1FS QVKBS WB CÏ *OWFTUJHB DJØ BCBOT EF MB DBQUVSB 3VD FTDVBU .PMU CFO TJUVBU QFS DPOWFSUJS TF FO OËVGSBH $PN RVF OP T IJ WFV TFNCMB HBMMFD 1SPIJCFJYP UPU J BOBS DPO USBDPSSFOU 1FS TFS CBTUJNFOUT EF TFEËT TFNCMFO GPSÎB BSSJT DBUT 6O JUBMJË TFSFOÓTTJN (SFHVFT QFS BDBCBS BNC FMT QBUSJPUFT " MB QVOUB EF MB MMFOHVB 5BO WJTU RVF TFN CMB QBTTBU QFS MB QFESB -B WFSEVSB EFM DBQJUË 5BSE P E IPSB BOJSË B M FSB /P QPESJU OP QFJYBU .BM EJB QFS BDBCBS BNC MB WJEB %F MMFJT FO TBQ NPMU QFSÛ FM NPOÛMFH MJ TVSU GBUBM &O -MVMM BCBOEPOBU QFMT EPT DFOUT &ORVBESFV M BMVNOBU %ØOB VO BJSF EF NBSJOB B MFT DBTFT CBSBUFT $PN B SFOZ ÏT ÏT NÏT CSPORVJBM /PJ BNC BRVFTU OPN SFTVMUFT JODPNQBSBCMF "KVEB FO BCTÒODJB EF WP DBMT 5BO HVBSOJEB EF QVOUFT RVF TFNCMB VOB CSBOEBEB %FNBOB DPOGJSNBDJØ 5SFCBMMBEPSB EFM QPV 3FQÛT DPNQMFUBNFOU NBMNÒT QFS MB DPOEFNOB

/>E

(*- d . '0 d /- %*

- $&$ d -,0 /$+*. . ) $ ) d ( "$ '$./

1"26*5" ."35¶/&; 5BSPU FWPMVUJWP 5JFOFT EVEBT "NPS USBCBKP EFQSFTJØO #VTDBT SFTQVFTUBT

"UJFOEP QFSTPOBMNFOUF 5FSBQFVUB FTQJSJUVBM .ÈYJNB TFSJFEBE

7JTJUBT DPODFSUBEBT

1PS BMUB 4 - $ 0SFOTF 1SFDJP GJKP &VS .ØWJM &VS .BZPSFT EF B×PT

WDURW BOVODJB U FO BRVFTUB TFDDJØ

XXX FMUPUEJHJUBM DPN CBEBMPOB!FMUPUEJHJUBM DPN

OD JUDQ SDQHUD

NC ITCP RCPGTC < > XXX FMUPUEJHJUBM DPN MBHSBOQBOFSB

$PNFODFN FM DPODVST EF -B (SBO 1BOFSB BNC MFT QSJNFSFT FNQSFTFT DPMrMBCPSBEPSFT &MT SFHBMT BDVNVMBUT BRVFTUB TFUNBOB B -B (SBO 1BOFSB KB TVNFO VO UPUBM EF

å 2VBOUJUBU RVF TFHVJSË DSFJYFOU TFUNBOB SFSF TFUNBOB HSËDJFT B MFT DPMrMBCPSBDJPOT EF MFT FNQSFTFT

- FNQSFTB IPUFMFSB 3BGBFM )PUFMFT IB EFDJEJU DPMtMBCPSBS BNC FM DPODVST J EPOBSË BM HVBOZBEPS VOB OJU QFS B QFS TPOFT B M IPUFM EF MB OPTUSB DJVUBU BNC FTNPSÎBS JODMÛT %FTQSÏT EF MB OJU QPUT TFHVJS FOEPMDJO UF MB WJEB BNC FM HSBO UPSUFMM EF SFJT EF NBTTBQË RVF BQPSUB FM 'PSO #FSUSBO BM DPODVST 4J UFOT OFOT BQSPm UB FM BCP OBNFOUT QFS EPT NFTPT RVF "WFOUVSB1BSL FOT PGFSFJY J QPSUB MT B HBVEJS EF MFT TFWFT NBHOÓm RVFT JOTUBMtMBDJPOT 1FS B MB EFDPSBDJØ EF DBTB UBNCÏ IJ IB SFHBMT MB UFOEB EF EFDPSBDJØ EF MB MMBS "[BIBS DPTFT EF DBTB DPMtMBCPSB SFHBMBOU BM HVBOZBEPS VO #V

EB EF MB TPSU J EFT EFM XFC MBTQFHBUJOBT OFU FOT QPSUFO VO WBM EF DPNQSB EF WJOJMT EFDPSBUJVT /P FU RVFEBSËT BNC HBOB BNC MB NBHOÓm DB DBMÎPUBEB QFS B QFSTPOFT RVF FOT PGFSFJY FM SFTUBVSBOU - F T 5FSSBTTFT EF 4BOU 3PNË QFSRVÒ HBVEFJYJT UV J UPUB MB GBNÓMJB * OP FOT EFTDVJEFN EF MB DVSB QFSTPOBM 1FS BHBGBS DPMPS EVSBOU BRVFTU IJWFSO #BEBMPOB 4PM FOT SFHBMB VO BCPOBNFOU EF TPM QFS B NFTPT J 1FMMCFMMB EFQJMB U VOB UBSHFUB SFHBM QFS QSPWBS FMT TFSWFJT EF EFQJMBDJØ EFM TFV DFOUSF < > FMUPUEJHJUBM DPN MBHSBOQBOFSB

&NQSFTFT DPMrMBCPSBEPSFT OJU EhIPUFM QFS B QFSTPOFT NÏT FTNPSÎBS

BCPOBNFOUT QFS B NFTPT

"CPOBNFOU EF CSPOKF[BU

(SBO UPSUFMM EF SFJT EF NBTTBQË

7BM QFS VO #VEB EF MB TPSU

5BSHFUB SFHBM QSPWBS TFSWFJT

7BM QFS VOB DBMÎPUB QFS B QFSTPOFT

7BM EF DPNQSB QFS B WJOJMT EFDPSBUJVT

4J UFOJV VO OFHPDJ J WPMFV DPMrMBCPSBS BNC -B (SBO 1BOFSB QPTFV WPT FO DPOUBDUF BNC FM 505 #BEBMPOB r

#VUMMFUB EF QBSUJDJQBDJØ

#

/PN "ESFÎB $JVUBU

/P "E $JV

$PHOPNT $ 1

5FMÒGPO EF DPOUBDUF

-MPDT EhFOUSFHB EF MB CVUMMFUB %JSFDUBNFOU QPSUBOU MB CVUMMFUB PNQMFSUB B MFT OPTUSFT Pm DJOFT P FOWJBOU MB QFS DPSSFV PSEJOBSJ B $0/$634 -" (3"/ 1"/&3" &M 505 $ -MFØ PO B #BEBMPOB P PNQMJOU FM GPSNVMBSJ RVF USPCBSFV BM XFC XXX FMUPUEJHJUBM DPN MBHSBOQBOFSB

-MPD -" (

#BTFT EF QBSUJDJQBDJØ /0.²4 4h"%.&53® 6/" #65--&5" 1&3 1&340/" 5SPCBSËT MB SFTUB EF CBTFT EF QBSUJDJQBDJØ B MB XFC XXX FMUPUEJHJUBM DPN MBHSBOQBOFSB &M DPODVSTBOU RVF OP WVMHVJ BDDFEJS B MB XFC J TPMrMJDJUJ VOB DÛQJB EF MFT CBTFT &M 505 #BEBMPOB .POUHBU J 5JBOB TF MJ GBDJMJUBSB MB NBUFJYB QFSRVÒ FTUJHVJ JOGPSNBU EF MFT CBTFT RVF SFHFJYFO BRVFTU DPODVST

#BT DPN NBU

1MBOUJMMB JOEE

e e e RTKOGT EQPEWTU e e e

NC ITCP RCPGTC FG PCFCN

2#TVKEKRC CN PQW EQPEWTU FGN 616 "RVFTU /BEBM FU QPSUFN VO OPV DPODVST EFM 505 #BEBMPOB .POUHBU J 5JBOB RVF DPOKVOUBNFOU BNC NPMUFT FNQSFTFT DPMrMBCPSBEPSFT FTUFN QSFQBSBOU MB (SBO 1BOFSB EF /BEBM 6O QBOFSB HSPTTB NPMU HSPTTB -FT FNQSFTFT DPMrMBCPSBEPSFT BOJSBO BGFHJOU TFUNBOB SFSF TFUNBOB SFHBMT J PCTFRVJT RVF BOJSBO BVHNFOUBOU FM UPUBM EFM QSFNJ m OBM QFS BM HVBOZBEPS EF MB QBOFSB &M OPN EF MhBGPSUVOBU HVBOZBEPS EFM DPODVST FT EPOBSË B DPOÒJYFS B MB SFWJTUB &TQFDJBM EF /BEBM EFM EÓB EF EFTFNCSF

WP ØPKE IWCP[CFQT U GORQTVCTÀ NC ITCP RCPGTC QORNG NC DWVNNGVC K RCTVKEKRC JK 0NQMF MB CVUMMFUB J FOWJB MB QFS DPSSFV UBNCÏ QPUT QPSUBS MB B MFT OPTUSFT Pm DJOFT P FOUSB BM XFC XXX FMUPUEJHJUBM DPN MBHSBOQBOFSB J PNQMF FM GPSNVMBSJ

#VUMMFUB EF QBSUJDJQBDJØ /PN "ESFÎB $JVUBU

$PHOPNT $ 1

5FMÒGPO EF DPOUBDUF

-MPDT EhFOUSFHB EF MB CVUMMFUB %JSFDUBNFOU QPSUBOU MB CVUMMFUB PNQMFSUB B MFT OPTUSFT Pm DJOFT P FOWJBOU MB QFS DPSSFV PSEJOBSJ B $0/$634 -" (3"/ 1"/&3" &M 505 $ -MFØ PO B #BEBMPOB P PNQMJOU FM GPSNVMBSJ RVF USPCBSFV BM XFC XXX FMUPUEJHJUBM DPN MBHSBOQBOFSB M MB

#BTFT EF QBSUJDJQBDJØ /0.²4 4h"%.&53® 6/" #65--&5" 1&3 1&340/" 5SPCBSËT MB SFTUB EF CBTFT EF QBSUJDJQBDJØ B MB XFC XXX FMUPUEJHJUBM DPN MBHSBOQBOFSB &M DPODVSTBOU RVF OP WVMHVJ BDDFEJS B MB XFC J TPMrMJDJUJ VOB DÛQJB EF MFT CBTFT &M 505 #BEBMPOB .POUHBU J 5JBOB TF MJ GBDJMJUBSB MB NBUFJYB QFSRVÒ FTUJHVJ JOGPSNBU EF MFT CBTFT RVF SFHFJYFO BRVFTU DPODVST

1MBOUJMMB JOEE

/HFWRUV

NGEVQTU

FDUWHV IRWR GHQÙQFLD SURWDJRQLVWD FRO ODERUDFLRQV

`7FO B SPCBS BM 1SPHSÒT )BDF EPT B×PT RVF WJWP FO FM CBSSJP EFM 1SPHSÒT EF #BEB MPOB #POJUP CBSSJP %VSBOUF FTUF UJFNQP MPT WFDJOPT IF NPT TVGSJEP SPCPT FO WBSJBT PDBTJPOFT 1FSP FTUPT EÓBT TF FTUÈ DPOWJSUJFOEP FO VO MVHBS SFBMNFOUF JOTFHVSP &O EÓBT IBO SPCBEP DP DIFT FO VO QBSLJOH DVBUSP QJ TPT Z VO BUSBDP %F NPNFOUP 7FSFNPT RVÏ QBTB IPZ " QVOUB EF QJTUPMB USFT IPN CSFT EJTGSB[BEPT EF QJOUPSFT IBO BDPNQB×BEP B VO OJ×P EF B×PT IBTUB TV DBTB EPOEF TV NBESF MF FTQFSB CB DPOmBEB DPO MB QVFSUB BCJFSUB : BVORVF FTUVWJFSB DFSSBEB {RVJÏO OP JCB B BCSJS MB QVFSUB TJ BTPNBEP B MB

NJSJMMB WF B TV IJKP DPO VOB QJTUPMB FO MB TJFO : UPEP B QMFOB MV[ EFM EÓB DVBOEP MB HFOUF USBCBKBEPSB TF WB B HBOBS FM EJOFSP RVF MVFHP VOPT TJOWFSHàFO[BT OPT WJFOFO B SPCBS /BEB QBSFDF JOUJNJEBS B MPT MBESPOFT y1VFSUBT CMJOEB EBT Z DPO EPT DFSSBEVSBT BTDFOTPSFT RVF GVODJPOBO TØMP DPO MMBWF SFKBT DÈNBSBT EF WÓEFP BÞO BTÓ FOUSBO /PT SPCBO Z UBO SJDBNFOUF BM EÓB TJHVJFOUF OPT WVFMWFO B SPCBS .JTNP FEJmDJP NJTNB IPSB &OUSBO DPOUJHP FO DBTB TJO UJ P JOWJUÈOEPUF B BCSJSMFT MB QVFSUB DPO VOB QJTUPMB P VOB OBWBKB : WVFMWFO USBO

RVJMBNFOUF BM EÓB TJHVJFOUF QPSRVF OP MFT WB B QBTBS OBEB /BEJF FTUÈ WJHJMBOEP MB [POB 2 V J [ È E F C J Ï S B N P T E F K B S OVFTUSBT QVFSUBT BCJFSUBT Z OVFTUSP CPUÓO B MB WJTUB BM NFOPT BIPSSBSÓBNPT UJFN QP FO DBNCJBS DFSSBEVSBT Z EFNÈT 0 RVJ[È EFCJÏSBNPT DPMHBS FM DBSUFM EF iTF WFOEFw DPNP BMHVOBT GBNJMJBT EFM 'SPOU .BSÓUJN Z FNJHSBS B VO MVHBS NÈT TFHVSP 4F TVQPOF RVF WJWJNPT FO MB i[POB EF MVKPw EF #BEBMPOB -VKP FSB FM QSFDJP EFM QJTP DVBOEP MP DPNQSBNPT : MVKP FT BIPSB RVF OP UF SPCFO

QSFTVNQUFT QPDBWFSHPOZFT RVF BMHVOB DPTB IBVSBO GFU NBMBNFOU 1FSÛ MP RVF KP FN RàFTUJPOP ÏT FM TFHàFOU &M +VU HF (BS[ØO OP EFV DPOmBS HFOT OJ NJDB FO VOB QPMJDJB RVF B $B UBMVOZB ÏT BMUBNFOU SFTQFDUBEB QFSRVÒ TPN DPOFJYFEPST EFM TFV [FM QSPGFTTJPOBM J MB TFWB QSFQB SBDJØ QF S BGFST TFNCMBOUT $BT .JMMFU FO DBOWJ TJ EFV WPMFS RVF FMT DJVUBEBOT EF 4BOUB $PMPNB J E BMUSFT NVOJDJQJT TJ ÏT RVF FT EØOB FM DBT DPOmÕO QMFOB NFOU J FT EFJYJO iQSPUFHJSw QFS VO DPT RVF FO FM TFV NPNFOU WB EPOBS VO DPQ E &TUBU QFS FYFNQMF -B WFSJUBU BRVFTU HFTU J E BMUSFT DPN M BCTÒODJB EF MB 4FOZFSB FO FMT FEJmDJT iPmDJBMT EF M &TUBUw B $BUBMVOZB FN GBO EPOBS DPNQUF EF RVF SFT ÏT FM RVF FOT TFNCMB QFSRVÒ BM mOBM EF UPU FMT BNPT EFM i$PUP EF DB[Bw DPOUJOVFO FTTFOU FMT EF TFNQSF 6O iDPUP EF DB[Bw RVF ÏT OPTUSF MFT FTDPQFUFT UBNCÏ TØO OPTUSFT J FMT DBSUVUYPT FMT

QBHVFN OPTBMUSFT UBNCÏ QFSÛ FO EJ TQPTFO VOT BMUSFT - "KVOUBNFOU ÏT M "VUPSJUBU NÏT QSPQFSB RVF UFOJN * FT EJV "KVO UBNFOU QFS BJYÛ QFSRVÒ FTUFN UPUT KVOUT J ÏT B DBTB OPTUSB {FTUBSÓFV EJTQPTBUT B EFJYBS FOUSBS B DBTB WPTUSB RVBMTFWPM FTUSBOZ TFOTF QSPUFTUBS DPN B NÓOJN "QB "SB UPDBSJB BMT SFHJEPST QPMJDJB NVOJDJQBM TJ TJ QFSRVÒ OP WBO TFS FMMT RVF WBO EFTBMMP UKBS FM QFSTPOBM RVF USFCBMMBWB B MFT PmDJOFT J WBO EFJYBS DBN QBS B MB (VËSEJB $JWJM iDPNP 1FESP QPS TV DBTB w 4ST "MDBMEFT QFOTP RVF DBMESJB RVF VT BNPÕOÏTTJV VOB NJDB QFS VO GFU DPN BRVFTU FODBSB RVF OP VT QFSUPRVJ EJ SFDUBNFOU {P QPUTFS OP DBM OJ RVF N BNPÕOJ KP QFSRVÒ KB IP BDDFQUFV DPN B OPSNBM 2VÒ ÏT QFS B WPTBMUSFT BJYÛ RVF BOPNFOFN 4PCJSBOJB EF MFT *OTUJUVDJPOT

6OB WFDJOB EFM 1SPHSÒT

1SFUPSJB " $BUBMVOZB RVF OP MB $PNV OJEBE "VUØOPNB EF $BUBMV×B

UFOJN VOB QPMJDJB BVUÛOPNB QSÛQJB FMT .PTTPT E &TRVBESB RVF GB UPUFT MFT NJTTJPOT RVF DBMFO B NÏT TFHPOT TFNCMB BNC VO BMU OJWFMM EF QSPGFTTJP OBMJUBU J FmDJÒODJB &O MB 0QFSBDJØ i1SFUPSJBw 4BOUB $PMPNB EF (SBNFOFU RVF QFS DFSU MJ QBTTB DPN B #BEBMPOB OPNÏT TVSU B QSJNFSB QMBOB RVBO QBTTB BMHVOB DPTB EPMFO UB `-FT 3FHJEPSJFT DPSSFTQP OFOUT EF 3FMBDJPOT 1ÞCMJRVFT T IP IBVSJFO EF GFS NJSBS WBJH QSFTFODJBS FTUPSBU DPN FT EFT BMMPUKBWB M "KVOUBNFOU QFS PSESF EFM +VUHF (BS[ØO J QSPDFEJB BMT FTDPSDPMMT MB (VËSEJB $JWJM TJUVBEB B MFT QPSUFT BNC VOB BDUJUVE EF QFSEPOBWJEFT RVF FN WB GFS SFBMNFOU MMËTUJNB OP QFS B FMMT TJOØ QFS B NJ DPN B DJVUBEË OPSNBM J DPSSFOU 4VQP TP RVF UPU M BQBSFMM NVOUBU EFWJB TFS OFDFTTBSJ QFS SFUFOJS B VO EPT USFT P FMT RVF TJHVJO

-FDUPST 1BH 1BH JOEE

+PSEJ 'FSSFS

727 %DGDORQD

+B O FTUFN UJQT EF UBOUB QSF QPUÒODJB E VO $FOUSF &EVDB UJV 4BOU "OESFV EF /BU[B SFU RVF DPN EJV B MB TFWB QËHJOB XFC FM TFV QSPKFDUF FEVDBUJV JODMPV iDPM MBCPSBS BNC MB GBNÓMJB J MB 40$*& 5"5w P UFYUVBMNFOU iWPMVOUBU EFDJEJEB E BDDJØ FO GBWPS EF MB KVTUÓDJB FM CÏ DPNÞ J MB DPOWJWÒODJB QBDÓmDBw %PODT KP OP IJ USPCP BRVFTUT WBMPST QFS FOMMPD UBNCÏ FMT WFÕOT IFN E BHVBOUBS EFT EF TFNQSF FMT JODPOWFOJFOUT RVF FOT DPNQPSUB M FTDPMB DPN M BMU WPMVN EF M BMUBWFV RVF WB DSJEBOU DPOTUBOUNFOU FMT OFOT OPN J DPHOPNT RVF KB HBJSFCÏ FO UFOJN UP UB MB MMJTUB P CÏ RVF FMT QBSFT RVF WBO B CVTDBS FMT TFVT GJMMT BQBSRVJO B EPCMF mMFSB FO VO DBSSFS TFNJQFBUP OBM QFSÛ BSB IBO BDPOTFHVJU 130)*#*3 &- 1"4 B UPUT FMT WFIJDMFT B USBWÏT E VO DPNVOJDBU EF M "KVOUBNFOU JODMPTPT FMT WFÕOT RVF BOFN B M BQBSDBNFOU FO MFT IPSFT E FOUSBEB J TPSUJEB EFMT OFOT

&OUFOFN RVF DBMHVJ QBDJmDBS FM USBOTJU TPCSFUPU FM RVF DSFFO FMT QSPQJT QBSFT BNC FMT TFVT WFIJDMFT QFSÛ ÏT NÏT JNQPSUBOU FM ESFU B BD DFEJS B M FTDPMB RVF FM ESFU B BDDFEJS BM UFV IBCJUBUHF " RVJOB DPOWJWÒODJB QBDÓmDB FT SFGFSFJYFO B UBMMBS UBYBUJWB NFOU FM QBT B UPUIPN

&O BRVFTUB TFDDJØ FT QVCMJRVFO MFT PQJOJPOT SFCVEFT B MB TFDDJØ EF DBSUFT EFMT MFDUPST EFM 505 -B EJSFDDJØ OP ÏT GB SFTQPOTB CMF EF MFT PQJOJPOT FYQSFTTB EFT FO BRVFTUB TFDDJØ "RVFT UFT IBO TJHVU FYQSFTTBEFT MMJV SBNFOU J EF GPSNB WPMVOUËSJB QFS MFT QFSTPOFT RVF TJHOFO DBEB FTDSJU &MT DPNFOUBSJT SFGFSFOUT B JOGPS NBDJØ BQBSFHVEB FO BRVFTUB TFDDJØ TØO ÞOJDB J FYDMVTJWBNFOU SFTQPOTBCJMJUBU EF MB QFSTPOB P JOTUJUVDJØ RVF MB SFBMJU[B J FO DBQ DBT TFSË SFTQPOTBCJMJUBU EF MB OPTUSB QVCMJDBDJØ

"JYÓ EPODT TJ WJVT J UFOT VOB QMBÎB E BQBSDBNFOU QFS MB [POB IBT EF QFSESF VO RVBSU E IPSB EFM UFV UFNQT USFT WFHBEFT BM EJB EPOBOU WPMUFT DPOUBNJOBOU J DPM MBQTBOU FM USËOTJU UPU FTQFSBOU RVF MFT TFOZPSFT FOT PCSJO FM OPTUSF DBSSFS EFM RVF QBHVFN UPUT FMT JNQPTUPT HVBMT FUD ²T VOB NFTVSB ESËTUJDB HFOT TPMJEËSJB J FOT SFDPSEB WBMPST NÏT BWJBU EJDUBUPSJBMT E BMUSFT ÒQPRVFT

&M 505 BHSBFJY MFT DBSUFT EFMT TFVT MFDUPST J FTDPMMFJY QFS B MB TFWB QVCMJDBDJØ BRVFMMFT RVF DPNQMFJYFO MB OPSNBUJWB BRVÓ FYQMJDBEB &MT UFYUT EhBRVFTUB TFDDJØ t /P QPEFO FYDFEJS MFT QBSBV MFT FO DBT DPOUSBSJ TFSBO SFTVNJ EFT P OP TFSBO QVCMJDBEFT t -FT DBSUFT SFCVEFT WÓB XFC OP OFDFTTËSJBNFOU TFSBO QVCMJDBEFT B MB SFWJTUB QFS TFS BJYÓ IBVSBO EF DPNQMJS MB QSFTFOU OPSNBUJWB t &T JNQSFTDJOEJCMF BQPSUBS FM OPN EBEFT EF DPOUBDUF J %/* EF M BVUPS &M 505 OP ÏT GB SFTQPOTB CMF EF MFT EBEFT OP TPMtMJDJUBEFT RVF TJHVJO GBDJMJUBUT QFMT VTVBSJT t &M 505 FT SFTFSWB FM ESFU EF QVCMJDBS MFT DBSUFT BJYÓ DPN EF SFTVNJS MFT RVBO IP DPOTJEFSJ PQPSUÞ P FMJNJOBS QBSU EFM UFYU TJ ÏT DPOTJEFSB RVF WVMOFSJO FM TFHàFOU QVOU EF MB OPSNBUJWB t /P ÏT QVCMJDBSBO MFT DBSUFT RVF DPOUJOHVJO PCTDFOJUBUT BUBDT QFS TPOBMT J EJGBNBUPSJT FWJEFOUT BJYÓ DPN RVBMTFWPM UJQVT EF DPNQPS UBNFOU BOUJTPDJBM RVF BUFNQUJO B MFT CPOFT DPTUVNT P FTDSJUT NBMJOUFODJPOBUT P JOBEFRVBUT t /P FT SFUPSOBSBO FMT PSJHJOBMT OJ ÏT GBDJMJUBSË MB JOGPSNBDJØ GBDJMJUBEB QFMT BVUPST t /P ÏT NBOUJOESË DPSSFTQPOEÒO DJB OJ T BUFOESË WJTJUFT P USVDBEFT SFTQFDUF FMT PSJHJOBMT FOWJBUT P QVCMJDBUT

4PSU RVF BM mOBM EFM DPNVOJ DBU i- "KVOUBNFOU EF #BEBMP OB FOT BHSBFJY MB OPTUSB DPM MBCPSBDJØw QPUTFS TJ RVF BOJ SFN BM DFM 9FTD

*OTVmDJFOUFT QJTPT EF QSPUFDDJØO PmDJBM 6OB WF[ NÈT TF QPOF EF NBOJmFTUP MB GBMUB EF TFOTJ CJMJEBE RVF UJFOF FTUF BZVO UBNJFOUP QPS MPT KØWFOFT EF #BEBMPOB 6OB DJVEBE DPNP #BEBMPOB FT TPSQSFOEFOUF RVF TØMP EJTQPOHB EF QJ TPT EF QSPUFDDJØO PmDJBM QBSB TPSUFBS FOUSF OVFTUSPT KØWF OFT 4F IBO BENJUJEP BMSFEF EPS EF TPMJDJUVEFT QBSB QJTPT -B WFSEBE FT RVF TJHVF TJFOEP VOB TJUVBDJØO SJEÓDVMB %FTQVÏT EF UBOUPT B×PT Z TJO IBDFS VOB QPMÓUJDB FGFDUJWB TPCSF MB WJWJFOEB EFCFSÓBO BQPTUBS QPS IBDFS VO FTGVFS[P FO FTUF DBNQP 1VFT FTUF BZVOUBNJFOUP TP

DJBMJTUB UPEBWÓB BSSBTUSB MB FUJRVFUB EF iNVDIP QSPNFUP Z MVFHP w QPS BRVFM GBNPTP TPSUFP EPOEF IVCP NJMFT EF TPMJDJUVEFT Z DBTJ OJOHÞO QJTP FEJmDBEP %F BRVFM TPSUFP BQSFOEJF SPO Z EJKFSPO RVF OVODB NBT TPSUFBSÓBO QJTPT TJO UFOFSMPT BDBCBEPT .VZ CJFO 1FSP TPSUFBS QJTPT OPT QBSFDF SJEÓDVMP QBSB FTUB DJVEBE EØOEF TVT KØWFOFT TF NFSF DFO NVDIP NÈT &TQFSBNPT RVF FO MPT GVUVSPT TPSUFPT UFOHBNPT VOB QSP QPSDJØO NÈT FRVJMJCSBEB FOUSF TPMJDJUVEFT Z QJTPT

1PEFO FOWJBS MFT TFWFT DBSUFT B USBWÏT EF 'BY &NBJM CBEBMPOB!FMUPUEJHJUBM DPN "TTVNQUF $BSUFT EFMT MFDUPST XFC FMUPUEJHJUBM DPN QBHJOFT DBSUFT $PSSFV $ -MFØ PO B #BEBMPOB

+ T $ T

1FS FOWJBS MB GPUP EFOVODJB &NBJM CBEBMPOB!FMUPUEJHJUBM DPN "TTVNQUF 'PUP %FOÞODJB

5PUFT MFT DBSUFT EFMT MFDUPST BM OPTUSF XFC XXX FMUPUEJHJUBM DPN DBSUFT EFMT MFDUPST 727 %DGDORQD

-FDUPST 1BH 1BH JOEE

/HFWRUV

ECTVGU FGNU NGEVQTU

.POHFT P %ÏV

727 %DGDORQD

1MBOUJMMB#BTF JOEE

=ÁSLQJ %JKPVT EF OPWFNCSF

%JWFOESFT EF OPWFNCSF

I %JWVMHBUJV

I 1FMrMÓDVMB

4FYFT FO HVFSSB

%JTTBCUF EF OPWFNCSF I 3FBMJUZ

- JMtMVTJPOJTUB

%JVNFOHF EF OPWFNCSF I %PDVNFOUBM

3FGPSNB TPSQSFTB

$JVEBEFT QBSB FM TJHMP 99*

%JMMVOT EF OPWFNCSF I &OUSFUFOJNFOU

)JTUPSJBT DPO EFOPNJOBDJØO E PSJHFO )JTUÛSJFT RVPUJEJBOFT J QPTJUJWFT DBEB NJHEJB B MB 4FYUB I .JOJ 4ÒSJF

&JTFOIFJN BQBSFJY B 7JFOB BNC VO FTQFD UBDMF EF NËHJB TPSQSFOFOU RVF GB QFOTBS B UPUIPN RVF UÏ QPEFST TPCSF OBUVSBMT

"M WPMBOU QSPHSBNB TPCSF FMT UÛQJDT EF MB DPOEVDDJØ FOUSF IPNFT J EPOFT

727 %DGDORQD

QBH JOEE

-FT WFVT EFM 1BOBNP /ÞSJB 3PDB QSFTFOUB BRVFTU QSPHSBNB PO DBEB TFUNBOB QPEFN WFVSF EVFT SFGPSNFT

&TQBJ PO FT NPTUSFO B USB WÏT E VO BNQMJ SFQPSUBUHF EJWFSTFT DJVUBUT EF M &TUBU

6OB OPWFMtMB EF +BVNF $BCSÏ

HPSUHVD

GORTGUC

VHUYHLV HPSUHVD HFRQRPLD LQGXVWULD JHVWLÓ

$BUBMVOZB QSFTFOU BM 8PSME 5SBWFM .BSLFU - FTQBJ DBUBMË PDVQB NÏT EF NFUSFT RVBESBUT J DPNQUB BNC VOB WJOUFOB EF QBUSPOBUT UVSÓTUJDT J FNQSFTFT EFM QBÓT &NQSFTB t 'JOT B QSPGFTTJPOBMT EF MB JOEÞTUSJB UVSÓTUJDB QSPWJOFOUT EF QSPQ EF QBÕTPT QPESBO WJTJ UBS M FTUBOE RVF 5VSJTNF EF $BUBMVOZB WB PCSJS FM QBTTBU EJMMVOT FO FM NBSD EFM 8PSME 5SBWFM .BSLFU 85.

MB mSB NÏT JNQPSUBOU EFM TFDUPS UV SÓTUJD BM NØO 'JOT B MB DBQJUBM CSJUËOJDB FT WBO EFTQMBÎBS FM $POTFMMFS EFM %FQBSUBNFOU E *OOPWBDJØ 6OJWFSTJUBUT J &NQSFTB +PTFQ )VHVFU J FM EJSFDUPS EF 5VSJTNF EF $BUB MVOZB *HOBTJ EF %FMËT RVF BDPNQBOZBSBO VOB WJOUFOB EF QBUSPOBUT UVSÓTUJDT EFM QBÓT J mOT B FNQSFTFT 4FHPOT FM EJSFDUPS HFOFSBM EF 5VSJTNF +PBO $BSMFT 7JMBMUB iMB 85. FT QSFTFOUB

QBH JOEE

FO VO NPNFOU DMBV QFS B $BUBMVOZB mEFMJU[BS FM NFSDBU CSJUËOJD FO UFNQT EF DSJTJ ÏT NPMU JNQPSUBOU J ÏT VO EFMT OPTUSFT PCKFDUJVTw &O FM NBSD E BRVFTUB GJSB JOUFSOBDJPOBM 5VSJTNF EF $BUBMVOZB IB PSHBOJU[BU QFS BM QSPQFS EJMMVOT VO TPQBS HBTUSPOÛNJD B M IPUFM 3PZBM )PSTFHVBSET EF -POESFT PO FTUË QSFWJTUB M BTTJTUÒODJB E VO DFOUFOBS EF QSPGFTTJP OBMT EFMT TFDUPST UVSÓTUJDT CSJUËOJD J DBUBMË &OUSF FMT BTTJTUFOUT CSJUËOJDT DBM EFTUBDBS MB QSFTÒODJB E BMHVOFT EF MFT QSJODJQBMT BTTPDJBDJPOT E BHÒODJFT EF WJBUHF J UVSPQFSBEPST DPN "#5" "*50 *"(50 *5 5 "EWBOUBHF 'JSTU $IPJDF )P MJEBZT 8PSMEDIPJDF P "NF

SJDBO &YQSFTT 5SBWFM FOUSF BMUSFT &M TFDUPS DBUBMË RVF DPNQUB SË BNC VO FTQBJ EF NÏT EF NFUSFT RVBESBUT WB SF CSF EVSBOU UPU M BOZ QBTTBU NÏT EF NJMJPOT EF UVSJTUFT CSJUËOJDT mOT VO EFM UPUBM EF UVSJTUFT RVF IBO BSSJCBU B $BUBMVOZB 4FHPOT MFT EBEFT EF MB (FOFSBMJUBU FM UVSJTUB CSJUËOJD RVF BSSJCB B $BUBMVO ZB DPNQSÒO UPUFT MFT GSBOHFT E FEBU BDPTUVNB B WJBUKBS FO BWJØ BNC BNJDT P GBNJMJBST J GB FTUBEFT E FOUSF J OJUT NBKPSJUËSJBNFOU FO IPUFMT &M NPUJV QSJODJQBM EFM TFV WJBUHF TØO MFT WBDBODFT UPU J RVF UBNCÏ UÏ VO BMU JOUFSÒT DVMUVSBM J BDPTUVNB B WJBUKBS TFOTF QBRVFU PSHBOJU[BU

727 %DGDORQD

HPSUHVD

WƌĞƚžƌŝĂ͕ ƋƵĞ ĞŶƐ ƉĂƐƐĂƌă͍ dŽƚƐ ĞůƐ ĞŵƉƌĞƐĂƌŝƐ ĞƐƚĞŵ ĞƐƚƌĂŶLJĂƚƐ ĚĞ ĐŽŵ ĐŽŵĞŶĕĂ ŝ ĞǀŽůƵĐŝŽŶĂ ĚĞ ŵŽŵĞŶƚ Ğů ĐĂƐ ŝ ĞƐƉĞƌĞŵ ƋƵĞ Ɛ͛ĂƉůŝƋƵŝ ůĂ ůůĞŝ Ăŵď ĐŽŶƚƵŶĚğŶĐŝĂ͘ WĞƌž Ɛ͛ŚĂƵƌŝĂ ĚĞ ĐĂŶǀŝĂƌ ĂůͲ ŐƵŶĂ ůůĞŝ ĚĞ ŵĂŶĞƌĂ ƋƵĞ ĨŽƐ ŝŵƉŽƐƐŝďůĞ Ğů ĨŝŶĂŶĕĂŵĞŶƚ ĚĞůƐ ĂũƵŶƚĂŵĞŶƚƐ Ă ƚƌĂǀĠƐ ĚĞ Ě͛ƵƌďĂŶŝƐŵĞ͘ EŽ ƉŽƚ ƐĞƌ ůĂ ƉƌăĐƚŝĐĂ ŐĞŶĞͲ ƌĂůŝƚnjĂĚĂ͘ :Ž͕ ů͛ ũƵŶƚĂŵĞŶƚ͕ Ğƚ ĚŽŶŽ Ăŝdžž͕ ƵŶ ĂƵŐŵĞŶƚ Ž ŵĠƐ ĚĞů ƋƵĞ ƐŝŐƵŝ͕ ŝ ƚƵ ŵ͛ŚŽ ƉĂŐƵĞƐ ĚŽŶĂŶƚͲŵĞ Ğů ƋƵĞ ƐŝŐƵŝ Ăŵď ĚŝŶĞƌƐ Ž ĞƐƉĞĐŝĞƐ͘ ƋƵĞƐƚ ƐŝƐƚĞŵĂ ĞƐ ũƵƐƚŝĨŝĐĂ ƉĞƌ ůĂ ĨĂůƚĂ Ž ĂďƐğŶĐŝĂ ƚŽƚĂů ĚĞůƐ ĂũƵŶƚĂŵĞŶƚƐ ĚĞ ĨĞƌ ĨƌŽŶƚ Ă ƋƵĂůƐĞǀŽů ĐŽƐĂ ƵŶĂ ŵŝĐĂ ŝŵƉŽƌƚĂŶƚ ĨŽƌĂ ĚĞ ůĂ ĚĞƐƉĞƐĂ ŽƌĚŝŶăƌŝĂ͘ ů ƉĂƐƐĂƌ Ăŝdžž ŶŽ Śŝ ŚĂ ŵĠƐ ƌĞͲ ŵĞŝ Ă ĨĞƌ Ăůůž ƋƵĞ ƐĞ͛Ŷ ĚŝƵ ƵŶĂ ƉĞƌŵƵƚĂ Ăŵď Ğů ƉƌŽŵŽƚŽƌ ƉĞƌ Ă ƋƵĞ ĂƋƵĞƐƚ Ͳ Ă ĐĂŶǀŝ Ě͛ĂůŐƵŶĂ

ŵŝůůŽƌĂͲ ƉĂŐƵŝ Ăůůž ƋƵĞ ĞŶ ŵŽůƚƐ ĐĂƐŽƐ ĠƐ ŶĞĐĞƐƐĂƌŝ ĨĞƌ͘ ƋƵĞƐƚĂ ŵĂŶĞƌĂ ĚĞ ĨƵŶĐŝŽŶĂƌ͕ Ăů ŶŽ ĞƐƚĂƌ ƌĞŐƵůĂĚĂ͕ ŝŶĐŝƚĂ Ă ƚŽƚ ƚŝƉƵƐ ĚĞ ƉƌăĐƚŝĐĂ ƉŽĐ ƌĞĐŽŵĂŶĂďůĞ͘ Ɛ ƵŶ ŵĞƌĐĂƚ ŽŶ͕ Ăů ĐŽƐƚĂƚ ĚĞůƐ ƋƵĞ ďƵƐƋƵĞŶ ů͛ŝŶƚĞƌğƐ ĚĞ ůĂ ĐŝƵƚĂƚ͕ Ɛ͛Śŝ ĂĚũƵŶͲ ƚĞŶ Ͳ ŝ ĨăĐŝůŵĞŶƚ ĐŽŝŶĐŝĚĞŝdžĞŶ Ͳ ĐŽƌƌƵƉƚŽƌƐ͕ ĐŽƌƌƵƉƚĞƐ ŝ ƵŶ ďŽŶ ƌĂŵĂƚ Ě͛ĂĐŽŶƐĞŐƵŝĚŽƌƐ͘ WĞƌ ƋƵğ Ăŝdžž ŶŽ ƐŝŐƵŝ ƉŽƐƐŝďůĞ Ɛ͛ŚĂŶ ĚĞ ŵŽĚŝĨŝĐĂƌ ĚƵĞƐ ůůĞŝƐ͘ >Ă ůůĞŝ ƋƵĞ ĂĨĞĐƚĂ Ăů ĨŝŶĂŶĕĂͲ ŵĞŶƚ ĚĞůƐ ĂũƵŶƚĂŵĞŶƚƐ͕ ĨĞŶƚ ƉŽƐƐŝďůĞ Ğů ƐĞƵ ĨƵŶĐŝŽŶĂŵĞŶƚ ƐĞŶƐĞ ĚĞƉĞŶĚƌĞ Ě͛ƵƌďĂŶŝƐŵĞ͘ Ɛ Ă Ěŝƌ͕ ƋƵĞ ĞůƐ Śŝ ĂƌƌŝďŝŶ ĞůƐ ĚŝŶĞƌƐ Ě͛ƵŶĂ ĂůƚƌĂ ŵĂŶĞƌĂ͘ ŝdžž Ɛŝ͕ ƵŶ ĂůƚƌĞ ĚŝĂ ƉŽĚĞŵ ƉĂƌůĂƌ ĚĞƐ Ě͛ŽŶ ĞƐ ƚƌĞƵĞŶ͘ Ɛ Ă Ěŝƌ͕ ƋƵŝ ĞůƐ ƚŝŶĚƌă ĚĞ ŵĞŶLJƐ͘ / ůĂ ůůĞŝ ƋƵĞ ĂĨĞĐƚĂ Ăů ĨŝŶĂŶĕĂͲ ŵĞŶƚ ĚĞůƐ ƉĂƌƚŝƚƐ ƉŽůşƚŝĐƐ ƋƵĞ ƉŽƐƐŝďŝůŝƚŝ ůĂ ƚƌĂŶƐƉĂƌğŶĐŝĂ͘ ŝƚ Ăŝdžž͕ ů͛ĞŵƉƌĞƐĂƌŝ ƋƵĞ ĐĂĚĂ ŵĂƚş ŚĂ Ě͛Žďƌŝƌ ůĂ ƉĞƌƐŝĂŶĂ

ĚĞů ƐĞƵ ƚĂůůĞƌ͕ ůĂ ŶĂƵ ŽŶ ƚĠ Ğů ŶĞŐŽĐŝ͕ ůĂ ƐĞǀĂ ďŽƚŝŐĂ͕ ĞŶ Ĩŝ͕ ůĂ ƐĞǀĂ ĞŵƉƌĞƐĂ͕ ƋƵĞ ĐĂĚĂ ŵĞƐ ƉĂŐĂ ƐĂůĂƌŝƐ͕ ƐĞŐƵƌĞƚĂƚ ƐŽĐŝĂů ŝ ƋƵĞ ƚĠ ĞŶŽƌŵĞƐ ĚŝĨŝĐƵůƚĂƚƐ ƉĞƌ ĐŽďƌĂƌ ŝ ƚĂŶƚĞƐ Ž ŵĠƐ ƉĞƌ ƚĞŶŝƌ Ğů ĐƌğĚŝƚ ƋƵĞ ůŝ ĨĂĐŝ ƉŽƐƐŝďůĞ ůĂ ƐĞǀĂ ĂĐƚŝǀŝƚĂƚ͕ ĞƐƚă ŝŶĚŝŐŶĂƚ ƉĞƌž ƉƌĞŽĐƵƉĂƚ͘ WĞŶƐĂ͕ ŝ ŶŽ ǀĂ ĚĞƐĞŶĐĂŵŝŶĂƚ͕ ƋƵĞ ƚŽƚ Ăŝdžž ŶŽ ĨĂƌă ŵĠƐ ƋƵĞ ĐŽŵƉůŝĐĂƌ ůĂ ũĂ ŵŽůƚ ĚŝĨşĐŝů ƚƌĂŵŝƚĂĐŝſ ĚĞ ƋƵĂůƐĞǀŽů ůůŝͲ ĐĞŶĐŝĂ Ž ƉĞƌŵşƐ ĚĂǀĂŶƚ ĚĞ ů͛ĂĚŵŝŶŝƐƚƌĂĐŝſ͘ ,Ğŵ ƐĞŶƚŝƚ ũĂ͕ ͞ĂƌĂ ĞŶƐ ŵŝͲ ƌĂƌĞŵ Ăŵď ŵŽůƚ ŵĠƐ ĐƵƌĂ ƚŽƚ Ăůůž ƋƵĞ ĨĂĐŝ ƌĞĨĞƌğŶĐŝĂ Ă ů͛ƵƌďĂŶŝƐŵĞ͘͟ sĂŐŝŶ ĞŶ ĐŽŵƚĞ ĚŽŶĐƐ ƌĞĐŽƌĚŝŶ ƋƵĞ ůĂ ƐŝƚƵĂͲ Đŝſ ĞĐŽŶžŵŝĐĂ ĠƐ ŐƌĞƵ͕ ŶŽ ĐŽŵƉůŝƋƵŝŶ ŵĠƐ ů͛ĂĐƚŝǀŝƚĂƚ ĚĞ ůĞƐ ĞŵƉƌĞƐĞƐ͕ Ɛŝ ŶŽ ĂĐĂďĂƌĂŶ ĐĂƌƌĞŐĂŶƚͲƐĞ Ğů ƉĂşƐ͘ :ŽĂƋƵŝŵ WĂĚƌſƐ WƌĞƐŝĚĞŶƚ ĚĞ ůĂ &

WăŐŝŶĂ ĚΖŝŶĨŽƌŵĂĐŝſ ĞŵƉƌĞƐĂƌŝĂů ĚĞ ůĂ &ĞĚĞƌĂĐŝſ ŵƉƌĞƐĂƌŝĂů ĚĞ ĂĚĂůŽŶĂ ."26&5" JOEE

FRQVXOWRUL

EQPUWVQTK NGICN

FRQVXOWRUL FRPXQLWDWV ODERUDO ILVFDO DVVHVVRULD

-B OVMJEBE EFM NBUSJNPOJP

EFUFSNJOBOUFT FO FM NPNFOUP EF QSFTUBS FM DPOTFOUJNJFOUP NBUSJNPOJBM t &O FM DBTP EF RVF FM NBUSJ NPOJP TF IBZB DPOUSBÓEP QPS DPBDDJØO P NJFEP HSBWF -PT DØOZVHFT FM .JOJTUFSJP 'JTDBM P DVBMRVJFS QFSTPOB RVF EFNVFTUSF RVF UFOHB VO JOUFSÏT MFHÓUJNP Z EJSFDUP QVFEFO QFEJS MB OVMJEBE EFM NBUSJNPOJP

(BCJOFUF +VSÓEJDP )FSOÈOEF[ 7JDFOUF

-B EFDMBSBDJØO EF OVMJEBE EFM NBUSJNPOJP OP JOWBMJEB BRVF MMPT FGFDUPT RVF ZB TF IBO QSP EVDJEP DPO SFTQFDUP B MPT IJKPT Z BM DPOUSBZFOUF P DPOUSBZFOUFT EF CVFOB GF

t &M NBUSJNPOJP DFMFCSBEP FOUSF

-PT QBSJFOUFT FO MÓOFB SFDUB QPS DPOTBOHVJOJEBE P BEPQ DJØO &TUB TFNBOB BOBMJ[BSFNPT -PT DPMBUFSBMFT QPS DPO RVF DJSDVOTUBODJBT EFCFO DPO TBOHVJOJEBE IBTUB FM UFSDFS DVSSJS QBSB RVF VO NBUSJNPOJP HSBEP TFB EFDMBSBEP OVMP Z MPT FGFD -PT DPOEFOBEPT DPNP BV UPT RVF QSPEVDF MB EFDMBSBDJØO UPSFT P DØNQMJDFT EF MB NVFSUF EF OVMJEBE SFTQFDUP B UFSDFSBT EPMPTB EFM DØOZVHF EF DVBM RVJFSB EF FMMPT &YDFQUVBOEP QFSTPOBT BRVFMMPT DBTPT FO MPT RVF TF

6O NBUSJNPOJP TFSÈ EFDMBSBEP PCUFOHB MB EJTQFOTB EFM .JOJT OVMP TFB DVBM TFB MB GPSNB EF USP EF +VTUJDJB P EFM +VF[ EF TV DFMFCSBDJØO FO MPT TJHVJFO 1SJNFSB *OTUBODJB UFT TVQVFTUPT t "RVFM NBUSJNPOJP RVF TF t .BUSJNPOJP DFMFCSBEP TJO DPOUSBJHB TJO MB JOUFSWFODJØO EFM +VF[ "MDBMEF P GVODJPOBSJP DPOTFOUJNJFOUP NBUSJNPOJBM BOUF RVJFO EFCB DFMFCSBSTF P t &M NBUSJNPOJP DFMFCSBEP TJO MB QSFTFODJB EF MPT UFT QPS UJHPT IW!HBCJOFUF OFU

.FOPSFT EF FEBE OP FNBO DJQBEPT -PT RVF FTUÏO MJHBEPT DPO WÓODVMP NBUSJNPOJBM

DPOTVMUPSJ {2VÏ FT VO UFTUBNFOUP PMØHSBGP &M UFTUBNFOUP PMØHSBGP FT BRVFM RVF IBDF FM UFTUBEPS QPS TÓ TPMP IB EF FTUBS FT DSJUP Z m SNBEP QPS FM UFTUBEPS Z IB EF DPOUFOFS OFDFTBSJB NFOUF FM B×P NFT Z EÓB FO RVF TF PUPSHB -B GBMUB EF DVBMRVJFSB EF FTUPT SFRVJTJ UPT MP IBDF OVMP &TUF UJQP EF UFTUBNFOUP EFCF TFS QSPUPDPMJ[BEP QSFTFOUÈO EPMP BOUF FM +VF[ DPNQFUFO UF EFOUSP EF MPT DJODP B×PT DPOUBEPT EFTEF MB GFDIB EFM GBMMFDJNJFOUP

t &M DFMFCSBEP QPS FSSPS FO MB JEFOUJEBE EF MB QFSTPOB EFM PUSP DPOUSBZFOUF P FO BRVFMMBT DVB MJEBEFT QFSTPOBMFT RVF GVFSPO

&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

&M #BSÛNFUSF EF M IBCJUBUHF SFHJTUSB VOB SFDVQFSBDJØ EF MB DPOmBOÎB QFS QSJNFS DPQ EFT EFM * N N P C J M J B S J B t - B R V B S UB FEJDJØ EFM #BSÛNFUSF EF M IBCJUBUHF SFDVMM QFS QSJNFS DPQ EFT EFM VOB SFDVQF SBDJØ EF MB DPOmBOÎB RVF FT DPNQBSUJEB QFS UPUT FMT BHFOUT JNQMJDBUT FO FM DJDMF JNNPCJ MJBSJ DPOTUSVDUPST QSPNPUPST BHFOUT EF MB QSPQJFUBU BSRVJ UFDUFT J BQBSFMMBEPST TFHPOT IB EJU FM DPOTFMMFS EF .FEJ "NCJFOU J )BCJUBUHF 'SBO DFTD #BMUBTBS &M DPOTFMMFS IB QSFTFOUBU BRVFTUB RVBSUB FEJ DJØ EFM #BSÛNFUSF FO FM NBSD EF MB DFMFCSBDJØ EF MB FOB FEJDJØ EFM #BSDFMPOB .FUUJOH 1PJOU 5PU J MB DVSUB USBKFD

UÛSJB E BRVFTU JOEJDBEPS FT WB FTUSFOBS FM EVSBOU MB DFMFCSBDJØ EFM .FUUJOH 1PJOU FM DPOTFMMFS IB EFTUBDBU RVF AQFS QSJNFSB WFHBEB T PCUÏ VOB WBSJBDJØ NJUKBOB QPTJUJWB FO MB QFSDFQDJØ EFM GVUVS &O FM #BSÛNFUSF T JOEJDB RVF FMT DJVUBEBOT IBO QBTTBU B EFGFO TBS M PQDJØ EF DPNQSB B BQPT UBS QFM MMPHVFS DPN EFNPTUSB RVF FM EFMT FOUSFWJTUBUT IBO NBOJGFTUBU MB TFWB QSF GFSÒODJB QFM MMPHVFS %VSBOU M ÞMUJNB FEJDJØ EFM #BSÛNFUSF FT DPOTUBUB RVF FM OPNCSF E IBCJUBUHFT EF MMPHVFS J FM EF WFOEB UFOEFJYFO B DPOWFSHJS

6O BMUSF FMFNFOU RVF SFDVMM MB TBUJTGBDDJØ EFMT DJVUBEBOT J EFMT BHFOUT JNQMJDBU ÏT RVF BNC M JODSFNFOU EF M PGFSUB EF MMPHVFS RVF IB SFEVÕU FM QSFV NJH EFM MMPHVFS 4FHPOT M FTUVEJ FM QSFV EF MMPHVFS NJH IB QBTTBU B $BUBMVOZB EF FVSPT B FVSPT &M QSFTJEFOU EFMT "HFOUT EF MB 1SPQJFUBU EF #BSDFMPOB +PBO 0MMÏ IB BTTFOZBMBU RVF B $BUBMVOZB FT QPEFO USPCBS IBCJUBUHFT EF MMPHVFS QFS TP UB EF FVSPT NFOTVBMT J RVF B M ËSFB NFUSPQPMJUBOB FT QPEFO USPCBS QFS TPUB EFMT FVSPT

+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

-0$"-4 &/ --0(6&3 ;0/" .&3$"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/$*" N QMBOUB CBJYB N TÛUBO F -0$"- --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 FOUSFTPM N WBSJT EFTQBUYPT " " BTD 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 4*453&--4 N F $ (*30/" #6'"-® N NBHBU[FN UBMMFS F $ (*30/" N PGJDJOB NBHBU[FN [POB DBSSFHB EFTDBSSFHB F $ 4"/5 .*26&- $&/53& N 4PSUJEB GVNT F %&41"59 ;0/" --03&%" N " " QFSGFDUF FTUBUBU F

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

$ 4&-7" 4"/5 $3*45 N N FO CVFO FTUBEP F -0$"- 0'*$*/" N EJËGBO [POB BKVOU FEJGJDJ EhPGJDJOFT QMBOUB BTD F

1*404 * $"4&4 &/ --0(6&3 $ 1037&/*3 IBC CBMDØ HBMFSÓB NPMUB DMBSFUBU TFOTF BTDFOTPS F $ 13*. IBC TFOTF BTDFOTPS F 1*4 &/ --0(6&3 1MBÎB MB 1MBOB IBC CBOZ UTTB T BTD SFGPSNBU F 1*4 &/ --0(6&3 ;POB #VGBMB IBCJUBDJPOT DBMFGBDDJØ UPU JODMØT F 1*4 &/ --0(6&3 $ 4&-7" 4BOU $SJTU IBC EPCMFT CBMDØ BTDFOTPS F 1*4 &/ --0(6&3 $ 4"(6/5 $&/530 TJO BTDFOTPS IBC 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&3 01$*0/"- F 1"3,*/( --0(6&3 "WEB .PSFSB $PUYF .JUKË F

/"64 &/ --0(6&3 /"64 */%6453*"-4 $0.&3$*"-4 10-¶(»/ #0/"7*45" B QBSUJS EF N FO EVFT QMBOUFT F /"6 1PM -FT (VJYFSFT N FRVJQBEB BNC JOTUBMBDJPOT F

7&/%" -0$"- 7*7&/%" $ */%Á453*" O N TPSUJEB GVNT 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

+//1$+.+À4+#

LPPRELOLÁULD

5SPCB FM UFV JNNPCMF

$ (VJGSÏ #BEBMPOB 5FM

XXX QSPNPDBU FT $"4" " 1&1 7&/ 563" 4"-&4*"/4 3FG # N FO 1# 1BUJ N HBSBUHF 1PTTJCJMJUBU EF GFS WJWFOEFT JOEF QFOEFOUT 010356/*5"5 4 "$$&15" &- 4&6 1*4 % &/53"%" QUT å

$&/53& 13*.

3FG # 1JT EF IBC EPCMFT

CBOZ J DVJOB DPO TFSWBUT NFOKBEPS FYU B CBMDØ QJT QFS FOUSBS B WJVSF *EFBM QFS [POB "TDFOTPS QUFT å

1*404 &/ --0(6&3 10."3 IBC FYUFSJPS NFOKBEPS FYU B CBMDØ DPOTFSWBU å 1035 %& #"%"-0/" 0#3" /07" ®UJD EF IBC CBOZT BTFP UFSSBT TFT EF J N¤ å JODMPV QJT

QL USBTUFS

1&1 7&/563" 0#3" 4&.*/07" IBC UFSSBTTB EF N¤ DBMFG J B D QL PQDJPOBM å #6'"-® 1JT EF IBC SFGPSNBU QFS FOUSBS B WJVSF å ®5*$ " $ 13*. N¤ IBC CBOZT NFOKBEPS FYU B UFSSBTTB EF N¤ BTDFOTPS 1JT DPOTFSWBU å 1&1 7&/563" IBC CBOZ J DVJOB DPNQMFUT CBMDØ B D QJT SFGPSNBU å ."35¶ 16+0- IBC DVJOB J CBOZ DPNQMFUT NFOKBEPS FYU B CBMDØ DBMFG J BTDFOTPS å ."326µ4 %& 45 .03* IBC CBOZ J DVJOB SFGPSNBUT NFOKBEPS FYU B CBMDØ "TDFOTPS å

5FOJN NÏT QJTPT EF MMPHVFS USVDB OT

QBH JOEE

#6'"-® %$ 30#&35 3FG # 1JT EF N¤ BNC IBC CBOZ J DVJOB SFGPS NBUT NFOKBEPS FYU CBMDPOBEB *EFBM QBSFMMFT 0QPSUVOJUBU QUFT å

4"/5 $3*45 3FG # 1JT EF IBC NFOKBEPS FYU DVJOB PGm DF SFGPSNBEB CBOZ DPNQMFSU J SFGPS NBU HSFT BMVNJOJ *EFBM QFS QBSFMMFT QUFT å

(03( " 1301 %&- 1"#&--» 3FG # 1JT N¤ BNC IBC EPCMFT CBOZ DPNQMFSU J DPOTFSWBU DVJOB SFGPSNBEB BNC HBMFSJB NFKBEPS FYU B HSBO CBMDØ DBMFGBDDJØ J BTDFOTPS 1FS FOUSBS B WJVSF QUFT å

-" 1-"/" 3FG # 1JT EF N¤ BNC IBC WFTUJEPS CBOZ DPNQMFSU J BTFP DVJOB BNQMJB FO CPO FTUBU NFOKBEPS EF N¤ FYU B CBMDØ DBMFGBDDJØ J B B QBSRVFU OBUVSBM FNCFSP BMVNJOJ BMUFMMT J BTDFOTPS QUFT å

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

(0-'&4 1UFT å

--&'*® #"*9" 3FG # 1JT EF N¤ IBC NFOKBEPS EF N¤ FYU DVJOB J CBOZ FO CPO FTUBU QFS FOUSBS B WJVSF QUFT å

1&1 7&/563" 1&1 7&/563" 010356/*5"5 "- 130(3²4 (03( $0/(3²4 (6*9&3&4 3FG 3FG # #BJYPT 3FG # 1JT EF # 1JT EF BNC FOUSBEB JOEF N¤ IBC CBOZ IBC NFOKBEPS FYU QFOEFOU EF IBC J DVJOB SFGPSNBUT EPCMFT NFOKBEPS B CBMDØ DVJOB PGm NFOKBEPS FYU B FYU DVJOB J CBOZ DF SFGPSNBEB CBOZ CBMDØ B D BNC DPOTFSWBUT QJT E FTUJM BSSFHMBU BTDFOTPS CPNCB DBMPS BOUJD BNC TPTUSFT 1FS FOUSBS B WJVSF 1FS FOUSBS B WJVSF BMUT *EFBM QBSFMMFT QUFT QUFT 1UFT å

å

å

*%&"- 1"3&--&4 .&3$"5 503/&3 3FG # 1JT N¤ IBC NFOKBEPS FYU B CBMDØ DVJOB SFGPSNBEB J CBOZ FO CPO FTUBU QBSRVFU QPSUFT CMBO RVFT BMVNJOJ B B BNC CPNCB DBMPS 'JODB E FTUJM BOUJD QUFT å

727 %DGDORQD

W/^K Ϯ , /d /KE ^ ϱϱϭ Ͳ ϳϬ ŵϸ͕ Ϯ ŚĂď͕ ƐĂůſŶ ϮϮ ŵϸ͕ ϭ ďĂŹŽ͕ ďƵĞŶ ĞƐƚĂĚŽ͕ ďŝĞŶ ŝůƵŵŝŶĂĚŽ ϱϴϱ ΦͬŵĞƐ

LPPRELOLÁULD

W/^K^ E >Yh/> Z ͼ 'KZ' ʹ D '/ E

Ͳ DƵĐŚĂ ůƵnj͘ 'ƌĂŶĚĞƐ ƚĞƌƌĂnjĂƐ LJ ďĂůĐŽŶĞƐ͘ Ͳ ĂůĚĞƌĂ Ͳ ĐĂůĞĨĂĐĐŝſŶ Ă ŐĂƐ͘ Ͳ ĂŹŽƐ ĐŽŵƉůĞƚĂŵĞŶƚĞ ĞƋƵŝƉĂĚŽƐ͘ 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

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(

$ 'SBODFTD -BZSFU O #"%"-0/"

5

*..0#*-*®3*" 1*404 &/ 7&/%"

"WEB .BSUÓ 1VKPM N IBCJUBDJPOT CBOZ %F -VYF 3FGPSNBU 1MBÎB &SOFTU -MVDI N IBCJUBDJPOT CBOZ 4FNJ OPV #BMDØ EF N 1MBÎB &SOFTU -MVDI N IBCJUBDJPOT CBOZT 4FNJ OPV CBMDPOT %F MVYF -BUSJMMB N IBCJUBDJPOT CBOZT 1JT SFGPSNBU 0DBTJØ &OSJD #PSSËT N IBCJUBDJPOT CBOZT 1JT TFNJ OPV $BOUPOFS $ "SOÞT N IBCJUBDJPOT CBOZT 1FS SFGPSNBS $ 4BOU +BVNF N N EF QBUJ IBCJUBDJPOT CBOZ 4FNJ SFGPSNBEB $ *HOBTJ *HMÏTJFT N IBCJUBDJPOT CBOZ 1FS SFGPSNBS $ $PORVFTUB N IBCJUBDJPOT CBOZ 5PUBMNFOU SFGPSNBU $ (VJGSÏ 0DBTJØ N IBCJUBDJPOT CBOZT .JMMPS RVF OPV $ (VJGSÏ N IBCJUBDJPOT CBOZT %F -VYF 5PU EF EJTTFOZ 1JTPT $BO .FSDBEFS N N EF UFSSBTTB IBCJUBDJPOT CBOZT 5PUBMNFOU SFGPSNBU (SBOT 7JTUFT $ .BS N IBCJUBDJPOT CBOZ 4PCSFËUJD $ .BS N N EF UFSSBTTB IBCJUBDJPOT CBOZT 1JT ÞOJD BM DBSSFS EFM .BS "MDBMEF 9JGSÏ N CBMDPOT IBCJUBDJPOT CBOZT 1JT JONJMMPSBCMF BNC QL J USBTUFS JODMÛT 3VCJØ J 0ST N N EF UFSSBTTB IBCJUBDJPOT CBOZT 1JT TFNJ OPV BNC UFSSBTTB FTQFDUBDVMBS

å å å å å å å å å å å å å DPOTVMUBS å å

$"4&4 &/ 7&/%" $ .BHBU[FN N N EF QBUJ EF UFSSBTTB IBCJUBDJPOT CBOZT $BTB EF EJTTFOZ QSFNJBEB $ "SOÞT N N EF QBUJ IBCJUBDJPOT CBOZT $BTB TFNJ OPWB EF TPUFSSBOJ QC QJT HPMGFT $ $PORVFTUB N N EF CBEJV IBCJUBDJPOT CBOZT $BTB EF MVYF OPWB

å å å

1*404 * $"4&4 &/ --0(6&3 ®UJD 1SFTJEFOU $PNQBOZT N N EF UFSSBTTB IBCJUBDJPOT CBOZT $ *HOBTJ JHMÒTJFT N IBCJUBDJPOT CBOZ "OTFMN $MBWÏ N IBCJUBDJPOT CBOZT $ 4BOUB .BSJB N IBCJUBDJPOT CBOZT $ .POUFBMFHSF N IBCJUBDJPOT CBOZT $ #BMEPNFSP 4PMË N #BOZ J DVJOB SFGPSNBUT IBCJUBDJPOT CBOZ

å NFT å NFT å NFT å NFT å NFT å NFT

-0$"-4 %FTQBUYPT $ 'SBODFTD -BZSFU %FT EF N 0GJDJOB $ *HOBTJ *HMÒTJFT N *EFBM PGJDJOB 3PHFS EF 'MPS N *NQFDBCMF FTUBU "JSF $POEJDJPOBU CPNCB DBMPS

å NFT å NFT å

505 &- 26& #6426&4 )0 530#"3®4 " 888 1"3&--"%" $"5

727 %DGDORQD

QBH JOEE

LPPRELOLÁULD

'PJY $BSCØ BTTPDJBUT

1. .')+#6

(àFMM J 'FSSFS CBJYPT #"%"-0/" r XXX GPJYDBSCP FT - - 0 ( 6 & 3 # " % " - 0 / " 1*4 " 1- ."3*/"%" IBCJUBDJPOT UFSSBTTB FYUFSJPS å 1*4 " $ "-'0/4 9** N IBCJUBDJPOT UFSSBTTB å 1*4 " $ 5&.1-& IBCJUBDJPOT å 1*4 " $ $0-- * 16+0- IBCJUBDJPOT å 1*4 " $ 1-"5+" IBCJUBDJPOT å 1*4 " $ "-'0/4 9** IBCJUBDJPOT å 1*4 " $ 1307*%&/$*" IBCJUBDJPOT å 1*4 " $ (3"/"%" MPGU N å %Á1-&9 " $ 4"/5 +0"26*. IBCJUBDJPOT å $"4" " $ (3"$*" IBCJUBDJPOT NPCMBEB QBUJ å 53"45&3 " $ (6*9&3&4 N å -0$"- " $ *(/"4* -0*0-" -" 1-"/" N å -0$"- " $ (Ã&-- * '&33&3 N TPUFSSBOJ N å -0$"- " $ 1307*%&/$*" N TPUFSSBOJ N å -0$"- " $ .*26&- 4&37&5 N å -0$"- " $ "-'0/4 9** N TPUFSSBOJ N å -0$"- " $ 0-*7&3"4 N å %&41"59 " $ ' ."$*® N EFTQBUYPT TBMB FTQFSB å %&41"59 " $ (Ã&-- * '&33&3 QMBOUB N å %&41"59 $ *(/"4* -0*0-" -" 1-"/" N å 1-"±" 1, .050 " $ (6*9&3&4 å 1-"±" 1, $059& " $ "3/Á4 å 1-"±" 1, .050 " $ -"*&5"/*" å 4"/5 "%3*" %&- #&404 1*4 " $ "/%3&4 7*%"- N IBC å

7&/%"

#"%"-0/" $"4" " $ $0/$)" &41*/" N QMBOUB CBJYB TFNJOPWB IBC CBOZT UFSSBTTB QL å $"4" " $ $&37"/5&4 N TFNJOPWB TPUFSS N 1C N 1JT N IBC CBOZT UTB QBUJ å $"4" " $ (3"$*" N IBC UFSSBTTB QBUJ å $"4" " $ *4*%3& IBC CBOZT CBEJV å $"4" " $ ("3#* N IBCJUBDJPOT å 1*4 " $ "(6&%" .0.1&- N IBC 3FGPSNBU å 1*4 " $ ."%0; N IBC å 1*4 " $ $0/26*45" N IBC CBOZT KBSEJ 1L å 1*4 " $ ."35* 16+0- N IBC SFGPSNBU UFSSBTTB å 1*4 " $ .&453& /*$0-"6 N IBC QL å 1*4 " $"-%&30/ %& -" #"3$" N IBC QBUJ å 1-"±" 1, 45" #"3#"3" $ ."3"("-- å 1-"$" 1, 45" #"3#"3" $ ."3"("-- å -0$"- " $ "-'0/4 9** N å -0$"- " $ ."3*" "69*-*"%03" N å

5*"/" 1-"±" 1, $ 1"44&*( 7*-&4" å

45 *4$-& %& 7"--"-5" 1"3$&-" N å

5FM &91&3504 */.0#*-*"3*04

)UDQFHVF /D\UHW %$'$/21$

3,626 (1 $/48,/(5 //(),$ 5HI $ P KDE WRWDOPHQWH DPXHEODGR &HUFD GH PHWUR \ EXV 6RO WRGR HO GtD ½ &(1752 5HI $ 3LVR FRQ DFDEDGRV GH FDOLGDG )LQFD FRQ SLVFLQD FOLPDWL]DGD JLPQDVLR HWF P KDE EDxRV JUDQ VDOyQ P %DOFyQ JDUDMH \ WUDVWHUR ½ 6$172 &5,672 5HI $ DVF KDE GREOHV FRFLQD \ EDxR UHIRU WRGR H[W SDUNHW 3UHFLRVR ½ *$6726 ,1&/ 025(5$ 5HI $ 3LVR GH KDE FRQ DVFHQVRU DPXHEODGR FRFLQD \ EDxR UHIRUPDGRV ([WHULRU FRQ EDOFyQ ½ //(),$ -72 5'$ 6 $1721,2 5HI $ 7RWDOPHQWH UHIRUPDGR KDE GREOHV PX\ VROHDGR DPXHEODGR 7RGR PX\ ERQLWR -XQWR IXWXUR PHWUR ½ //25('$ 5HI $ 3LVR GH KDE DOWR \ DVFHQVRU H[WHULRU VHPLDPXHEODGR ½ 6$172 &5,672 $ -XQWR &ROO L 3XMRO KDELWDFLRQHV H[WHULRU \ PX\ VROHDGR ½ /$ 6$/8' 0$548e6 '( 6 025, 5HI $ 3LVR GH KDE H[WHULRU UHIRU \ DPXHEODGR FRQ HOHFWURGRPpVWLFRV ½ &(1752 -72 -$5',1(6 &$1 62/(, 5HI $ P KDE VDOyQ DPSOLR EDxRV WRGR UHIRUPDGR ½ &(1752 5HI $ P KDE UHIRUPDGR D HVWUHQDU -WR D\XQWDPLHQWR ½ 6$1 $'5,$1 5HI $ ÈWLFR FRQ WHUUD]D \ DVFHQVRU KDE DPXHEODGR MWR D\XQWDPLHQWR ½ *$6726 ,1&/8,'26

3,626 (1 9(17$ %8)$/­ 5HI ÈWLFR FRQ WHUUD]D KDE FDOHI UHIRUPDGR DVFHQVRU ½ 37$6 6$172 &5,672 5HI ÈWLFR FRQ WHUUD]D KDE EDxR UHIRUPDGR ]RQD WUDQTXLOD ½ 37$6 6$172 &5,672 5HI ÈWLFR FRQ WHUUD]D $VFHQVRU KDE £7RGR UHIRUPDGR ½ 37$6 /$ 6$/8' & 9,&725 %$/$*8(5 5HI KDE GREOHV H[WHULRU £3LVR PX\ FXLGDGR ½ 37$6 025(5$ 5HI 3UHFLRVRV SLVR GH KDE FRQ WHUUD]D GH P £7RGR UHIRUPDGR ½ 37$6 6,675(//6 5HI ÈWLFR FRQ DVFHQVRU \ WHUUD]D KDE WRGR UHIRUPDGR £6ROHDGR ½ 37$6 6$172 &5,672 5HI 3LVR FRQ DVFHQVRU P KDE H[WHULRU FRQ EDOFyQ ½ 37$6 025(5$ 5HI P KDE DPSOLR VDOyQ £2FDVLyQ SRU SUHFLR \ ]RQD ½ 37$6 //(),­ -72 3= 75$)$/*$5 5HI 3LVR GH KDE WRGR UHI PX\ VROHDGR EDOFyQ 6LQ HQWUDGD \ UHVWR FRPR DOTXLOHU ½ ½ 025(5$ 5HI 3LVR P KDE JUDQ VDOyQ H[WHULRU FRQ EDOFyQ \ DVF &DOHIDFFLyQ ½ 37$6 %8)$/­ 5HI KDE EDxR UHIRUPDGR H[WHULRU £2FDVLyQ SRU SUHFLR \ ]RQD ½ 37$6 &(1752 -72 ,*/(6,$ 6 -26e 5HI 3LVR GH KDE DPSOLR VDOyQ FDOHI DVF EDOFyQ ½ 37$6 //25('$ 5HI 3LVR GH P SUHFLRVR KDE WRGR H[W \ UHIRU GH DxRV EDOFyQ DVF ½ 37$6 &(1752 5HI $ 3LVR GH P KDE EDxRV VDOyQ FRQ FKLPHQHD EDOFyQ WHUUD]D SDUNLQJ \ WUDVWHUR ½

7HOV

QBH JOEE

727 %DGDORQD

LPPRELOLÁULD

"1"35".&/54 %Á1-&9 &/ 7&/%" N QMBOUB N QMBOUB IBC CBOZT FYUFSJPST QMBRVFT TPMBST ;POB $FOUSF /PVT QFS FTUSFOBS 0QPSUVOJUBU '*/$" $0.&3$*"- &/ 7&/%" $"33&3 %&- ."3 $POTUB EF QMBOUB CBJYB QMBOUFT -PDBM EF N QMBOUB EhÞT DPNFSDJBM EF N J N EF QMBOUB NBHBU[FN 4JUVBU B MB GSBOKB NÏT DPNFSDJBM EFM D .BS

8QD ILUPD GH SUHVWLJL XXX m ORVFTCFMMBWJTUB DPN

5FM

"WJOHVEB .BSUÓ 1VKPM OÞN S B

$0.6/*5"54 %& 1301*&5"3*4

$0.130.¶4 %& 26"-*5"5 $BQ QFSTPOB RVF OP TJHVJ BENJOJTUSBEPS EF GJORVFT DPMrMFHJBU QPSUBSË MB TFWB FTDBMB

$FOUFMMBT /PU "TTPDJBUT

*-* " 3*

"(&/ 5

30 1*& 1

0#

"1* 5 * . .

5"

$PMrMFHJBU #$/

"

$0-r-&(*"5 / #$/

'SBODFTD -BZSFU #"%"-0/"

"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 El CACIA I SERIETAT 4ENIM UNA AMPLIA BORSA DE LLOGATERS 0ROFESSIONALS DES DE

7&/%"

$"4" $&/53& QC QJT N SFCFEPS NFOKBEPS TBMB DVJOB SFG QBUJ QFUJU MBWBCP IBC CBOZ DPNQMFU OPV UFSSBTTB CBMDØ J BMUFMM å 5&33&/: 1&3 &%*'*$"3 WBSJT VSC .BT SBN N å ."4 3". NBHOJGJDB UPSSF WJTUFT FYDFM -FOUT Q # NFOKBEPS B OJWFMMT TBMB E FTUBS DVJOB N EFTQBUY MBWBCP HSBO UFSSBTTB QJT IBC CBOZT DPNQMFUT UFSSBTTB HBSBUHF J CPEFHB å -0$"- 0'*$ N +PBO 1FJSP JEFBM QFS RVBMTFWPM OFHPDJ å %6&4 1-"$&4 %& ("3"5(& BM DPTUBU EFM KVUKBU EF #BEBMPOB å

--0(6&3

1*404

1*4 "- $&/53& D 4BOU #SÞ IBC NFOK HSBO DVJOB PGGJDDF CBOZ DPNQMFU UFSSBTTB DBMFGBDDJØ J BJSF DPOEJDJPOBU å 1*4 "- 1"7&--0 0-*.1*$ BNPCMBU IBC CBOZT CBMDP HSBO [POB NPMU USBORVJMB NPMU JM MVNJOBU $POTVMUBS %&41"59 1SFTJEFOU $PNQBOZT UPU SFGPSNBU N BQSPY $POTVMUBS %&41"59 DÒOUSJD BM DPTUBU EF M "KVOUBNFOU FTUBU FYDFMtMFOU JEFBM QFS RVBMTFWPM UJQVT EF OFHPDJ N BQSPY $POTVMUBS

-0$"-0$"- $ 4BOU (POÎBM N JEFBM NBHBU[FN å -0$"- "SUJHVFT D #BMNFT N¤ 3&'03."5 QPSUFT å -0$"- J 0'*$*/&4 +PBO 1FJSØ EJTQPTB EF HVBM B DPOWFOJS

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

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

727 %DGDORQD

QBH JOEE

LPPRELOLร ULD

$0/46-5*/( Z (&45*ยป/ */5&(3"- 4 - 1SFTJEFOU $PNQBOZT ย ย #BEBMPOB 'BY +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$"- &/ #"%"-0/" $ ("-*-&6 -0$"- %*ยซ'"/0 %& . "150 1"3" $6"- 26*&3 /&(0$*0 01$*ยป/ " $0/4536*3 7*7*&/%" 0 %ร 1-&9 &/$*." %& . รฅ &/ 7&/5" #"%"-0/" 3*&3" ."5".0304 -0$"- 0 7*7*&/%" 16&35" .54 "-."$ยฒ/ .54 : -"7"#0 &6304 &/ "-26*-&3 /"7& */%6453*"- -&4 '3"/26&4&4 %&- 7"--ยต4 . &/ 1-"/5" #"+" . &/ 1-"/5" 461&3*03 (3"/ 1"5*0 %& . รฅ .&4 &/ "-26*-&3 -0$"- &/ #"%"-0/" $ 4"/ 4"-7"%03 %&45*/"%0 " 0'*$*/"4 $0/46-50 3*0 .ยฒ%*$0 %&41"$)04 %& &--04 . รฅ .&4 &/ "-26*-&3 -0$"- &/ #"%"-0/" $ 4"-7"%03 %&45*/"%0 " 0'*$*/"4 $0/46-503*0 .ยฒ%*$0 %&41"$)04 . รฅ .&4 &/ "-26*-&3 : 7&/5" &/ #"%"-0/" #6'"-ยฎ -0$"- $ *#&3*" .54 #"ยบ0 รฅ .&4 7&/5" รฅ &/ "-26*-&3 : 7&/5" &/ -0$"- #"%"-0/" #6'"-ยฎ $ +0)/ -&//0/ . #"ยบ0 รฅ .&4 7&/5" รฅ &/ "-26*-&3 -0$"- #"%"-0/" $ */%&1&/%&/*$" . %*ยซ'"/0 /0 4"-*%" %& )6.04 -"7"#0 -0$"- &/ 1&3'&$50 &45"%0 "- .&4

1*404 &/ 7&/5" : "-26*-&3 &/ "-26*-&3 -" 4"-65 )"# #"ยบ0 1"3" &/53"3 " 7*7*3 "-26*-&3 รฅ .&4 &/ "-26*-&3 1*40 45" $0-0." )"# #"ยบ0 $0$*/" &6304 "- .&4 1*40 -0$"- &/ "-26*-&3 &/ #"%"-0/" 1-";" -" 7*-" .54 )"#*5"$*0/&4 #"ยบ0 : "4&0 $0$*/" 53"45&30 /&$&4*5" 3&'03."4 รฅ "- .&4 ("4504 %& $0.6/* %"% *#* */$-6*%04 &/ 7&/5" 1*40 $ +07&--"3 #"%"-0/" )"#*5"$*0/&4 $0.&%03 %& . $0/ 1"3 26&5 $0$*/" #"ยบ0 : 5&33";" 1"3" &/53"3 " 7*7*3 &6304 &/ 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 &/ 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" 1*40 #"%"-0/" -" 4"-65 $ .*(6&- 13"54 . )"#*5"$*0/&4 : #"ยบ0 $0$*/" $0/ ("-&3*" #0.#" %& "*3& : $"-03 /0 5*&/& "4$&/403 13&$*0 รฅ &/ 7&/5" 1*40 &/ $ ยซ/(&- (6*.&3ยซ #"%"-0/" 4"/50 $3*450 )"# #"ยบ0 $0$*/" "4$&/403 ".6&#-"%0 1"3" &/53"3 " 7*7*3 &6304 "- .&4 &/ 7&/5" 7*7*&/%" &/ #"%"-0/" $ .63*--0 1-"/5" #"+" . %*ยซ'"/0 $0/ 4"-ยป/ $0.&%03 -"7"#0 "4&0 $0$*/" )"# $-"3"#0:"4 53"45&30 5&33";" 4ยป5"/0 . 1"5*0 +"10/ยฒ4 %*ยซ'"/0 0#3" 1&/%*&/5& 5&3.*/"3 รฅ 5&3.*/"%" รฅ $"4" &/ 7&/5" $".ยถ %h"-&--" 1-"/5"4 . )"#*5"#-&4 : . 4*/ )"#*5"3 ย 1-"/5" $6"3504 %& #"ยบ0 $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

7HO

QBH JOEE

727 %DGDORQD

LPPRELOLÁULD

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

Q V C M J D J U BU S F T V M U B U T Y M B U F WB F NQSFTB

DPMrMFHJBU O

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

1*404 &/ --0(6&3 $ JOEFQFOEÒODJB #VGBMË IBC CBOZ UFSSBTTB yyyyyyy å $FOUSF ;POB 7JBOBOUT $PTUBU 3BNCMB IBC CBO å $BOZBEØ IBC CBOZ UPU FYUFSJPS CBMDØ NBHOÓGJRVFT WJTUFT BM NBS å $ 4BOU 'FMJQ EF 3PTFT IBC CBOZ CBMDØ [POB DPN BNC QJTDJOB y å $ .FTUSF -MVJT .JMMFU N IBC CBOZ NPCMBU yyy å 1SFTJEFOU $PNQBOZT N IBC CBOZT 1BSLJOH EPCMF PQD yy å

1-"$&4 %& 1®326*/( 1&3 --0("3 ;POB $FOUSF $ 4BOU 3BGBFM J $ 'SBODFTD -BZSFU 1MBDFT HSBOT

$ 4BOU "OBTUBTJ O 5FM

hZ' s E Z

>KE

ͬ ƚƌĂ͘ ŶƟ ŐƵĂ sĂůĞŶĐŝĂ Ͳ ŶĚƌĞƐ ^ĞŐŽǀŝĂ &ĂŶƚĄƐƟ ĐŽ ƉŝƐŽ ĚĞ ϰ ŚĂďŝƚĂĐŝŽŶĞƐ͕ ĐŽĐŝŶĂ ĞƋƵŝƉĂĚĂ͕ ďĂŹŽ ĐŽŵƉůĞƚŽ͕ ďĂůĐſŶ Ă ůĂ ĐĂůůĞ͕ ƚŽĚŽ ƌĞĨŽƌͲ ŵĂĚŽ͘ WĂƌĂ ĞŶƚƌĂƌ Ă ǀŝǀŝƌ͘ &ƌĞŶƚĞ ĨƵƚƵƌĂ ƉůĂnjĂ͘ DƵLJ ďŝĞŶ ĐŽŵƵŶŝĐĂĚŽ͘ KĐĂƐŝſŶ͊​͊ ŶƚĞƐ Ϯϳϱ͘ϬϬϬ Φ

,KZ ϮϬϵ͘ϬϬϬ Φ hKd ϴϰϬ Φ ^ƌ͘ ŶƚŽŶŝŽ ϲϲϬ͘ϴϭϵ͘ϰϭϯ

$)"-&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

FODVVLILFDWV

&ODVVLILFDWV

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

+OOQDKNKCTKU %QORTC 8GPFC 1&1 7&/563" 1JTP IBCJUB DJPOFT BOUFT 3FGPSNBEP BTDFOTPS B B BM MBEP NFUSP BNVFCMBEP å 3&' 5&- '30/5 ."3¶5*. 1JTP IBC EPCMFT CB×PT CBMDØO BTDFOTPS MJOFB EF NBS [POB DPNVOJUBSJB DPO QJTDJOB PCSB DBMFG HBT OBUVSBM å 1UT

3&' 5&- $&/53& 1JTP IBCJUBDJPOFT BTDFOTPS SFGPSNBEP CB×P Z BTFP UPEP FYUFSJPS CBMDØO WJTUBT BM NBS DBMFGBDDJØO HBT OBUVSBM å 3&' 5&- $"4" " 1&1 7&/563" SFG C DBTB BNC UFSSFOZ EF N¤ J GBÎBOB EF N QBUJ EF N¤ J UFSSBTTTB EF N¤ PSJFOUBDJØ NBS UÏ TPM UPU FM EJB &T QPU FEJGJDBS QC

HPM GFT .QUFT å 5&-

010356/*5"5 $"4" " 1&1 7&/563" B QSPQ D HVJGSÏ SFG C (SBO DBTB FO QC

QBUJ N J HBSBUHF 1PTTJ CJMJUBU EF GFS EVFT WJWFOEFT JOEFQFOEFOUT 1SFV NQUT å 4 BDDFQUB FM TFV QJT E FOUSBEB 5&-

#6'"-® %$ 30#&35 SFG C QJT BNQMJ EF IBC NFOKBEPS FYU CBOZ J DVJOB SFGPSNBUT FYUFSJPS J BNC NPMUB MMVN .QUFT å 7JOF B WFVSF M 5&-

-0$"- 3".#-" 4"/ +6"/ . DPO WBEP å 5&-

&DPOPNJDT JOEE

4"-6% 1"35 "-5" SFG C QJT EF N¤ BNC UFSSBTTB EF N¤ IBC CBOZT J DVJOB DPOTFSWBUT NFOKBEPS N¤ FYU B UFSSBTTB /P IP EFJYJT FTDBQBS .QUFT å 5&-

&4 7&/ 1-"±" %& 1"3,*/( D %PT EF .BJH BNC &OSJD #P SSËT -B 1MBOB å 5&-

010356/*%"% 7&/%0 -0 $"- $0.&3$*"- EF N FO QFQ WFOUVSB 5&-

.&3$"5 503/&3 SFG C QJT E FTUJM BOUJD BNC IBC DVJOB SFGPSNBEB CBOZ FO CPO FTUBU B B QBSRVFU QFS FOUSBS B WJVSF .Q UFT å 5&-

-0$"- &/ 7&/5" EF N FO "WEB .BSRVÒT EF .POUSPJH #BEBMPOB

&YDFMFOUF TJUVBDJØO TPM Z QFBUPOBM å 5&-

--&'*® #"*9" SFG C QJT EF N¤ IBC NFOKBEPS EF N¤ FYU DVJOB J CBOZ FO CPO FTUBU QFS FOUSBS B WJVSF .QUFT å 5&-

4"#"%&-- $3&6 "-5" B NJO &TU 3&/'& Z NFUSP 3FIBC B FTUSFOBS DPO BHVB Z MV[ EF BMUB "JSF BDPOE *OWFSUFS 4PMP å 5&-

$&/53& 13*. SFG C QJT EF IBC EPCMFT CBOZ J DVJOB DPOTFSWBUT NFO KBEPS FYU B CBMDØ QJT QFS FOUSBS B WJVSF *EFBM QFS [ P O B . Q U F T å "TDFOTPS 5&-

7&/%0 1-"/5" #"+" QJTP

CVIBSEJMMB TØUBOP FO D "S OÞT /VFWB SFGPSNBEB 5&-

$"4"(&.&4 1*40 %& N DPO UFSSB[B EF N CB ×PT DPNFEPS EF N DPO CBMDØO 1SFDJP å 5&-

(03( 130(3²4 SFG C QJT EF IBC WFTUJEPS NFOKBEPS BNQMJ J FYUF DVJOB J CBOZ SFGPSNBU B B BNC CPN CB EF DBMPS QBSRVFU DJSFSFS BMVNJOJ UPU SFGPSNBU .QUFT å 5&-

4& 7&/%& 5&33&/0 --"/0 FE N FO .POUNFMM 7JMBGSBODB DPO QSPZFDUP EF WJWJFOEB WJTBEP 1PS WBMPS IJQPUFDB DPODFEJEB */'0

4& 7&/%& $"4" EF N FO (JSPOFMMB #FSHB " QJF TB MJEB EF BVUPQJTUB 0$"4*»/ å FO TV BDUVBM FTUBEP

*/'0

4& 7&/%& 1*40 ".6&#-" %0 FO D 3BNØO -MVMM DFSDB .FSDBEPOB Z .FUSP BT DFOTPS 1BSB FOUSBS B WJWJS QUBT 5&-

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

."326µ4 4"/5 .03* &42 %0$503 #"40-4 UPUBMNFO UF FYUFSJPS IBC N BTDFOTPS CBMDØO JOTUBMB DJPOFT FMÏDUSJDBT GPOUBOFSÓB OVFWBT BMVNJOJP QBSRVFU B B SBEJBEPSFT MBWBCP OVF WP PQDJØO QBSLJOH QBSUJDVMBS QUBT 5&-

4& 7&/%& 1-";" %& 1"3 ,*/( $BOZBEØ å 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

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

EF N EJÈGBOP DPO WBEP 5&- 4& 7&/%& 1*40 &/ "7%" .0/54&33"5 EF #BEBMP OB N BQSPY *OUFSJPS TJO BTDFOTPS IBC Z TF FOUSFHB SFGPSNBEP B TV HVTUP å */'0

"UJDP FO WFOUB DPMM Z QVKPM SFG 1JTP EF USFT IBCJUBDJPOFT DPDJOB CB×P Z UFSSB[B EF NFUSPT DPO BTDFOTPS QSFDJP å 1UBT XXX NFUSPTDVBESBEPT OFU 5&-

1*40 &/ 7&/5" $0-- * 16 +0- 3&' &EJGJDJP DPO BTDFOTPS QJTP JNQFDBCMF DPO USFT IBCJUBDJPOFT CB×P DPDJOB MBWBEFSP CBMDØO BB $BMFGBDDJØO FYUFSJPS 1SFDJP å 1UBT

XXX NFUSPTDVBESBEPT OFU 5&-

1*40 &/ 7&/5" 3&' %FM TFNJOVFWP DPO UFSSB[B EF N IBCJ UBDJPOFT CB×PT DPDJOB DPNFEPS DBMFGBDDJØO BJSF BDPOEJDJPOBEP TVFMP QBS LFU [POB DPNVOJUBSJB DPO QJTDJOB 1SFDJP å 1UT XXX NFUSPT DVBESBEPT OFU 5&-

$"4"4 &/ 7&/5" $&/530 : 1&1 7&/563" B SFGPS NBS EFTEF å : SFGPSNBEB å *OGPSNBNPT FO MPT UFMFGPOPT Z MB XFC XXX NFUSPTDVB ESBEPT OFU 5&-

7&/%0 1"3,*/( &/ 1&1 7&/563" QMB[B EF BQBSDB NJFOUP NVZ HSBOEF Z DØNP EB FO MB DBMMF .JRVFM 4FSWFU 1SFDJP å 5&-

727 %DGDORQD

&DPOPNJDT JOEE

FODVVLILFDWV

1&1 7&/563" 3& %ร QMFY EF PCSB OVFWB Z N ร UJMFT IBCJUBDJPOFT CBร PT UF SSB[B N Z CBMDร O DB MFGBDDJร O Z BB "TDFOTPS 1SFDJPT รฅ รฅ : รฅ 1MB[BT EF QBSLJOH QFRVFร BT (SBOEFT XXX NFUSPTDVB ESBEPT OFU 5&-

1*40 4&.*/6&70 &/ #6'" -" "ยบ0 3&' . ร UJMFT IBCJUBDJPOFT EPT CBร PT DPDJOB DPNFEPS UPEP FYUFSJPS BB Z DBMFGBDDJร O BTDFOTPS 1SFDJP รฅ

XXX NFUSPT DVBESBEPT OFU 5&-

1*40 7&/5" 3&' %F N DPO IBCJUBDJPOFT CBร PT BTFP DPDJOB PGGJDFT DBMFGBDDJร O BTDFOTPS QMB[B EF QL 5SBTUFSP DPO CBMDPO EF N Z QBUJP EF DFSDB EFM NVTFP Z EFM OVFWP BZVO UBNJFOUP 1SFDJP รฅ 1UBT XXX NFUSPTDVBESBEPT OFU 5&-

.&3$"5 503/& 3&' 1JTP ย TJO BTDFOTPS DPO IBCJUBDJPOFT CBร P DPDJ OB DPNFEPS DBMFGBDDJร O USBTUFSP UFSSBEP DPNVOJUB SJP TVFMP EF QBSLFU 1SFDJP 1UBT

XXX NFUSPTDVBESBEPT OFU 5&-

1-"/5" #"+" &/ 7&/5" -" .03&3" 3&' %F IBCJUBDJPOFT CBร PT DPDJOB DPNFEPS MBWBEFSP QBUJP EF NFUSPT DBMFGBDDJร O QSFDJP FO PGFSUB IBTUB 1SFDJP รฅ 1UBT XXX NFUSPTDVBESB EPT OFU 5&-

-" .03&3" 3&' 1JTP SFGPSNBEP B FTUSFOBS IBCJ UBDJPOFT CBร P DPDJOB DP NFEPS CBMDร O MBWBEFSP ย TJO BTDFOTPS 1SFDJP รฅ 1UBT XXX NFUSPTDVBESBEPT OFU 5&-

1*40 &/ 7&/5" "-'0/40 9** %F IBCJUBDJPOFT DPDJOB CBร P Z MBWBEFSP HBT DJVEBE 1SFDJP รฅ 1UBT XXX NFUSPTDVBESB EPT OFU 5&-

7*7*&/%" &/ $"4"(&."4 3&' 1JTP EF N IBCJUBDJPOFT DPNFEPS DPDJOB CBร P MBWBEFSP HBMFSร B WFOUBOBT DMJNBMJU ย TJO BTDFOTPS DFSDB EF MB QMBZB 1SFDJP รฅ 1UBT XXX NFUSPTDVBESBEPT OFU 5&-

4& 7&/%& 1*40 $&/530 16&#-0 13&.*ยฎ %& ."3 N SFGPSNBEP IBCJ UBDJPOFT DPNFEPS CBร P DPDJOB CBMDร O 1BSB FOUSBS B WJWJS รฅ " OFHPDJBS

5&-

'30/5 ."3*5*. 7*7*&/%" &/ 7&/5" 3&' 1JTP EF N DPO IBCJUBDJPOFT CBร PT DPDJOB PGGJDFT TVFMPT EF NBSNPM BB $BMFGBDDJร O UPUBMNFOUF BNVFCMBEP TJ UVBDJPO QSJWJMFHJBEB EFMBOUF EFM NBS [POB DPNVOJUBSJB DPO QJTDJOB PQDJPOBM EPT QMB[BT EF QL : USBTUFSP 1SF DJP รฅ 1UBT XXX NFUSPTDVBESB EPT OFU 5&-

+OOQDKNKCTKU .NQIWGT --03&%" 1JTP IBC 3F GPSNBEP BTDFOTPS CBMDร O BNQMJP TBMร O NVZ MVNJOPTP BNVFCMBEP DPO FMFDUSPEP Nร TUJDPT รฅ 3&' 5&- 4"-65 #"*9" 1JTP IBCJUB DJPOFT SFGPSNBEP BNVFCMB EP DPO FMFDUSPEPNร TUJDPT BM MBEP NFSDBEP รฅ 3&' 5&-

&DPOPNJDT JOEE

727 %DGDORQD

."326&4 %& 45 .03* IBC CBOZ J DVJOB SFGPSNB UT NFOKBEPS FYU B CBMDØ "TDFOTPS å 5&-

;0/" #&4»4 1JTP IBCJ UBDJPOFT N SFGPSNBEP BTDFOTPS CBMDØO BNVFCMBEP DPO FMFDUSPEPNÏTUJDPT KVOUP NFUSP Z CVT å 3&' 5&-

10."3 IBC FYUFSJPS NFO KBEPS FYU B CBMDØ DPOTFSWBU å 5&-

$&/53& 1JTP IBCJUBDJP OFT N UPEP FYUFSJPS BTDFOTPS CBMDØO SFGPSNBEP BDUVBM DBMFGBDDJØO HBT OBUV SBM BNVFCMBEP DPO FMFDUSP EPNÏTUJDPT å 3&' 5&- --&'*® #"*9" 1JTP IBCJUB DJPOFT SFGPSNBEP BTDFOTPS CBMDØO BNQMJP TBMØO UPEP FYUFSJPS BNVFCMBEP DPO FMFDUSPEPNÏTUJDPT NVZ MV NJOPTP B B å 3&' 5&- 1&1 7&/563" 1JT UJQVT DBTB BNC IBC NFOKBEPS EF N¤ FYU B UFSSBTTB EF N¤ CBOZ SFGPSNBU DVJOB BNFSJDBOB B D BNC CPNCB DBMPS 1SFV å 5&-

1035 %& #"%"-0/" 0#3" /07" ®UJD EF N¤ BNC IBC CBOZT NFOKBEPS EF N¤ UFSSBTTFT EF J N¤ [POB DPNVOJUËSJB å JO DMPV QJT QL USBTUFS 5&-

FODVVLILFDWV

#6'"-® 1JTP IBCJUBDJPOFT DPOTFSWBEP B B BNVFCMBEP DPO FMFDUSPEPNÏTUJDPT UPEP FYUFSJPS CBMDØO å 3&' 5&-

."35* 16+0- IBC DVJOB J CBOZ DPNQMFSUT NFOKBEPS FYU B CBMDØ DBMFG J BTDFOTPS å 5&-

"-26*-0 -0$"- &/ "7 16*(3&% %F N N EF QBUJP UPEP SFGPSNBEP GSFOUF EPT DPMFHJPT 5&-

"-26*-&3 0'*$*/" #"%" -0/" %*3 1301 +6/50 $ 4BMJEB DFOUSF N CBMDØO FO QFSGFDUP FTUBEP WFOUBOBMFT FO GBDI "TFP FYDMVTJWP DPO BHVB MV[ Z BJSF BD DPO CPNCB DBMPS å 5&-

%626& "#0("%04 "4&403*" $0/5"#-& -"#03"- : '*4$"1*404 &/ "-26*-&3

$ 5&.1-& N IBC EPT CB×PT DPDJOB UPEP FYUFSJPS FVSPT "7%" ".&3*$" IBC FYUFSJPS BTDFOTPS FVSPT +6"/ 7"-&3" IBC DPNFEPS DPDJOB HBMFSÓB CB×P FVSPT +6"/ 7"-&3" IBC DPNFEPS DPDJOB HBMFSÓB CBMDØO BTDFOTPS DPO NVFCMFT FVSPT $ $0-- *16+0- IBC DPN CBMDØO DPD HBMFSÓB CB×P DPNQM BTD B QBSUF USBTFSB DPO NVDIB DMBSJEBE FVSPT $ &%6"3% '-0 IBC DPNFEPS DPO DIJNFOFB IPHBS CBMDØO CB×P DPDJOB HBMFSÓB BTDFOTPS FYUFSJPS QM EF QÈSLJOH Z USBTUFSP FVSPT $ %0$503 30#&35 IBC DPNFEPS DPDJOB HBMFSÓB CBMDØO BTDFOTPS FYUFSJPS FVSPT $ 1&%30 ."35&-- )BC DPNFEPS DPDJOB HBMFSÓB CBMDØO FYUFSJPS FVSPT $ 1"--"3&4" IBC DPNFEPS DPDJOB HBMFSÓB FYUFSJPS FVSPT $ (3"- 8&:-&3 "NQMJP QJTP EF IBC DBMFG B B SFGPSNBEP CBMDØO NVDIB DMBSJEBE FVSPT #"3$&-0/" $ /"10-&4 IBC DPNFEPS CBMDØO DPDJOB CB×P BTDFOTPS FVSPT

1*404 : $"4"4 &/ 7&/5"

1&1 7&/563" 0#3" 4& .*/07" N¤ IBC CBOZ DVJOB PGGJDF NFOKBEPS EF N¤ UFSSBTTB EF N¤ DBMFG J B D å1, PQDJPOBM 5&-

# 6 '" - ® 1 J T E F I B C SFGPSNBU QFS FOUSBS B WJVSF å 5&-

1&1 7&/563" 1JT EF IBC BNC NPCMFT BTDFOTPS QFS FOUSBS B WJVSF å NFT 5&-

5*"/" $ ."5"4 N IBC DPNFEPS CBMDØO DPDJOB DBMFGBDDJØO BJSF BDPOEJDJPOBEP [POB DPNVOJUBSJB DPO QJTDJOB FTQMFOEJEBT WJTUBT UPEP FYUFSJPS CJFO DPNVOJDBEP QMB[B EF QBSLJOH FVSPT $ 6/*0 $BTB EF N FO USFT QMBOUBT QBUJP /VFWB EF EJTF×P FVSPT "7%" ."326&4 %& .0/530*( IBC DPNFEPS CBMDØO DPDJOB HBMFSÓB CB×P BTFP BTDFOTPS FYUFSJPS OFDFTJUB SFGPSNBS FVSPT $ /06 $"4"4 DBTB EF QMBOUBT DPO HKF TØUBOP UFSSBEP EF N DBMFG UPEB FYU BSSFHMBEB FVSPT "7% 4 4"-7"%03 QJTP EF IBC BSSFHMBEP FVSPT --&'*" 1JTP BTDFOTPS FYUFSJPS FVSPT 5&.1-0 BNQMJP QJTP EF IBC CB×PT TPMP WFDJOPT TJO BTDFOTPS OFDFTJUB BSSFHMPT FVSPT "7% ".&3*$" IC NVDIB DMBSJEBE BTDFOTPS FVSPT $ (&/&3"- 8&:-&3 N IB DPNFEPS DPDJOB DBMFGBDDJØO BJSF BDPOEJDJPOBEP BSSFHMBEP CBMDØO FYUFSJPS NVDIB DMBSJEBE FVSPT 16&350 %& #"%"-0/" QJTP EF N DPNFEPS CBMDØO IBC DPO CB×P JODPSQPSBEP BSNBSJP FNQPUSBEP FO QBTJMMP CB×P DPO NFEJB CB×FSB DBMFGBDDJØO BJSF BDPOEJDJPOBEP UPEP FYUFSJPS BTDFOTPS QBSLJOH [POB DPNVOJUBSJB DPO QJTDJOB FEJGJDJP EF USFT B×PT FVSPT $ 1"3$&3*4"4 #$/ IBC DPNFEPS DPDJOB HBMFSÓB CBMDØO BTD OFDFTJUB SFGPSNB FVSPT $ 30(&3 %& '-03 QJTP EF N IBC CB×P BTFP DPNFEPS HBMFSJB CBMDØO UFSSB[B EF N QMB[B EF QBSLJOH DPDIF HSBOEF Z USBTU /6&70 %& "º0 FVSPT

-0$"-&4 &/ 7&/5" : "-26*-&3

$ '3"/$&4$ -":3&5 N MPDBM FO QJTP DPO BTDFOTPS FYUFSJPS FVSPT $ '3"/$&4$ -":3&5 N FO QMBOUBT BTFP JOUFSJPS DPO NVDIB DMBSJEBE FVSPT "7%" ."35¶ 16+0- MPDBM FOUSFTVFMP N FOUSBEB JOEFQFOEJFOUF EJSFDUP B MB DBMMF BTFP IBDF FTRVJOB JEFBM DPOTVMUB NÏEJDB PGJDJOBT FVSPT "7%" ."35¶ 16+0- N FO QMBOUB Z N FO TØUBOP BTFP B B BHVB Z MV[ DFSDB EFM NFSDBEP FVSPT $ #"-%0.&30 40-« TØUBOP EF N BTFP FVSPT $ ;"3"(0;" N MPDBM EJÈGBOP BTFP FYUFSJPS FVSPT $ .0/54&33"5 N 7&/5" FVSPT $ .0/54&33"5 N FVSPT "7%" "-'0/40 9*** N EJÈGBOP FYUFSJPS FVSPT 1; 1"3,*/( FO (3"- 8&:-&3 FVSPT

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

®5*$ " $ 13*. N¤ IBC CBOZT NFOKBEPS FYU B UFSSBTTB EF N¤ BTDFOTPS 1JT DPOTFSWBU å 5&-

727 %DGDORQD

&DPOPNJDT JOEE

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

7HO

4& "-26*-" $0/ 01$*ยป/ " $0.13" FTQFDUBDVMBS DBTB FO MB .PSFSB B WJFOUPT EF N QBUJPT UFSSB[BT Z TPMBSJVN IBCJUBDJPOFT CBร PT BTFP HBSBKF QJTDJ OB CPEFHB $BMFGBDDJร O BJSF BDPOEJDJPOBEP FUD รฅ

*/'0 &4 --0(" 6/" 1-"ยฑ" %& 1"3,*/( EF NPUP BM DFOUSF EF #BEBMPOB 5SVDB BM

4& "-26*-" QMB[B EF QBSLJOH QBSB DPDIF HSBOEF UJQP Y FO MB $ 1JSJOFPT CBSSJP .PSFSB

*/'0 --0(0 1-"/5" #"*9" ".# +"3%ยถ B $FSEBOZB 'SBODFTB NFUSFT QJTUB 4BOU 1FSF 'PSDBUT &JOF รฅ NFT 5&-

#64$0 $)*$" &456%*"/5& P TJNJMBS QBSB DPNQBSUJS QJTP ;POB Mร OFB EPT NFUSP 1FQ 7FOUVSB 5&- - -0 ( 6 & 3 -0 $ " - $ $ " /0/(& #"3"/&3" N ;POB $FOUSF .PMU DPNFSDJBM รฅ NFT 5&- 1044*#*-*5"5 7&/%" 1*40 --03&%" 3#-" 4 +6"/ "NVFCMBEP IBCJUB DJPOFT BJSF BDPOEJDJPOBEP FYUFSJPS CBMDร O BTDFOTPS 1FSGFDUP FTUBEP รฅ 5&-

"-26*-0 1-";" %& 1"3 ,*/( $ $FOUSF 5JBOB 5&-

"-26*-0 -0$"- FO QMFOP DFOUSP EF #BEBMPOB "QUP QBSB DVBMRVJFS UJQP EF OFHP DJP $BMMF (VJGSร N 5&-

6TGDCNN

+OOQDKNKCTKU 6TCURCUUQU

$)*$" 4& 0'3&$& QBSB USB CBKBS FO MJNQJF[B NFEJB KPS OBEB NBร BOBT QPS IPSBT 3FGFSFODJBT Z QBQFMFT FO SFHMB 5&-

$"4"(&.&4 5SBTQBTP OFHP DJP MBNQJTUFSJB DPO DBSUFSB EF DMJFOUFT -PDBM N

N BMUJMMP BTFP B B OFHP DJP FO BDUJWP รฅ "MRVJMFS รฅ 3&' 5&-

4& 0'3&$& 4&ยบ03" +07&/ QBSB BZVEBOUF EF DPDJOB MJN QJF[B QPS IPSBT 1BQFMFT FO SFHMB 5&-

53"41"40 1"/"%&3*" 1"4 5&-&3*" DFOUSP #BEBMPOB 'SFOUF DPMFHJP 5PUBMNFOUF FRVJQBEB 0DBTJร O QPS OP QPEFS BUFOEFS *OUFSFTBEPT MMBNBS 5&-

4& 0'3&$& 0'*$*"-" %& 1&-626&3*" FO #BEBMPOB UBNCJร O TFSWJDJP B EPNJDJMJP DPO FYQFSJFODJB 5&-

#"3 &/ 53"41"40 [POB (PSH FO QMFOP GVODJPOB NJFOUP N 5&-

4& 0'3&$& 4&ยบ03" QBSB DVJEBS QFSTPOBT NBZPSFT DPO QBQFMFT 5&- '63(0/&5" 01&- $0.#0 USBCBKBSร B TPMP NBร BOBT B IPSBT FO #BSDFMPOB Z BMSFEF EPSFT 5&-

-0$"- 0'*$*/" $0.&3$*"- [POB QFBUPOBM DPNFSDJBM $ 3PTFMMร #BEBMPOB N 1SFDJP รฅ NFT "DPOEJDJP OBEP 5&-

$)*$" +07&/ 4& 0'3&$& QBSB MJNQJF[B QPS IPSBT P DBOHVSP 5&- &+..705 &+/#465 &+/'%4'5 &+,175 &+8'0&4'5 Vร ULH

&+55#$6' &+7/'0)' Vร ULH

.FT OPWFNCSF h

/ร .&304 13&.*"54

&DPOPNJDT JOEE

727 %DGDORQD

4&ยบ03" 4& 0'3&$& QBSB MJNQJF[B QPS IPSBT NFEJB KPSOBEB UBSEFT

4&ยบ03" 4& 0'3&$& QBS MJNQJF[B DVJEPEP QSTPOBT NBZPSFT DPO FYQFSJFODJB Z SFGFSFODJBT QPS MBT UBSEFT 5&-

4&ยบ03" 4& 0'3&$& SFTQPO TBCMF QBSB DVJEBS QFSTPOBT NBZPSFT MJNQJF[B EFQFO EJFOUB DPO SFGFSFODJBT Z DPO QBQFMFT EJTQPOJCJMJEBE JONF EJBUB 5&- 4&ยบ03" 4& 0'3&$& DPNP GJKB JOUFSJOB GJOFT EF TFNB OB 5&- $)*$" 4& 0'3&$& DPNP GJKB DVJEBS QFSTPOBT NBZPSFT DBOHVSP MJNQJF[B 5&-

4&ยบ03" &41"ยบ0-" 4& 0'3&$& QBSB MJNQJF[B QPS IPSBT 5&- 4& 0'3&$& $)*$" QBSB DVJ EBS QFSTPOBT NBZPSFT GJKB DBOHVSP 5&- 4&ยบ03" "ยบ04 TF PGSFDF DPNP DPDJOFSB DPO FYQFSJFO DJB FO NFOร T UBQBT Z MMF WBOEP CBS )PSBSJP JOUFOTJWP MVOFT B WJFSOFT Tร CBEPT B OFHPDJBS 5&-

4&ยบ03" &41"ยบ0-" 4& 0'3&$& QBSB MJNQJF[B DVJEBS BODJBOPT 5&-

4& 0'3&$& 4&ยบ03" QBSB DVJEBS OJร PT P QFSTPOBT NB ZPSFT $PO FYQFSJFODJB QSF GFSJCMFNFOUF FO -MPSFEB 5&-

)$50$&ร 87,& $ 68%67,787

4& 0'3&$& 4&ยบ03" QBSB DVJEBS B QFSTPOBT NBZPSFT MJNQJF[B DBOHVSP DPO SFGF SFODJBT 5&- 4& 0'3&$& $)*$" QBSB EJ WFSTBT UBSFBT EFM IPHBS DPO EJTQPOJCJMJEBE IPSBSJB 5&-

4& /&$&4*5" %&1&/%*&/5" EF QBOBEFSร B 5&-

{5*&/&4 $"3/ยฒ %& $0/ %6$*3 6SHFO QSPGFTPSFT EF BVUPFTDVFMB QBSB QSร DUJDBT $PNQBUJCMF DPO PUSB BDUJWJ EBE (BOB IBTUB รฅ .FT 1SFQร SBUF QBSB JODPSQPSBSUF 5&- $)*$" 3&410/4"#-& TF PGSFDF QBSB USBCBKBS QPS IPSBT DVJEBE EF QFSTPOBT NBZPSFT RVFIBDFSFT EP NFTUJDPT JOUFSJOB 5&-

FODVVLILFDWV

4&ยบ03" 4& 0'3&$& QBSB MJNQJF[B DVJEB QFSTPOBT NBZPSFT DPO FYQFSJFODJB Z SFGFSFODJBT EJTQPOJCMF 5&-

$FOUSF EF (FTUJร Eh*NNPCMFT "ENJOJTUSBDJร EF $PNVOJUBUT 1*404 &/ "-26*-&3 #"%"-0/" #"-%0.&30 40-ยฎ N IBCJUBDJPOFT DPDJOB DVBSUP CBร P รฅ NFT $"4"(&..&4 MPGU CBร P DPD BNFSJDBOB FYUFS TFNJ OVFWP รฅ NFT 26*/5"&-7*3" ."35ยถ 16+0- N IBCJUBDJPOFT HSBOEFT DPNFEPS UFSSB[B DPDJOB DVBSUP CBร P FYUFSJPS รฅ NFT 130(3ยฒ4 QJTP SFGPSNBEP IBCJUBDJPOFT B B DPDJOB CBร P BNVFCMBEP *.1&$"#-& รฅ NFT

4&ยบ03" &$6"503*"/" SFTQPOTBCMF CVTDB USBCBKP MJNQJF[B DVJEBOEP QFSTPOBT NBZPSFT %JTQPOJCJMJEBE JO NFEJBUB 5&- 4&ยบ03 4& 0'3&$& QBSB USB CBKBS FO FNQSFTBT DPO FYQF SJFODJB DPNP IFSSFSP QJOUPS QBMFUB 5&- 4& 0'3&$& 4&ยบ03" SFTQPO TBCMF QBSB USBCBKBS QPS IPSBT EF MVOFT B WJFSOFT 5&-

727 %DGDORQD

&DPOPNJDT JOEE

#6'"-ยซ [POB USBORVJMB N IBCJUBD DPDJOB DVBSUP CBร P รฅ NFT

1*404 &/ 7&/5" #"%"-0/" $&/530 `` 010356/*%"% 'JODB OVFWB IBCJUBDJPOFT DPDJOB DVBSUP EF CBร P รฅ 26*/5"&-7*3" o `` 0$"4*ยป/ ยซUJDP ย QJTP SFGPSNBEP JNQFDBCMF N CBร PT IBCJUBDJPOFT B B รฅ OFHPDJBCMFT

1- 1&1 7&/563" 0GJDJOB N MBWBCP U[B [POB NVZ DPNFSDJBM รฅ

FNBJM GJODBT!OBWBSSPDBUBMBO DPN $ 3PHFS EF 'MPS CBJYPT r #"%"-0/" #BSDFMPOB

5FMT 'BY

FODVVLILFDWV

$)*$" +07&/ 4& 0'3&$& QBSB USBCBKBS QPS MBT NBร B OBT 5&-

4&ยบ03" &$6"503*"/" SFT QPOTBCMF Z TFSJB TF PGSFDF QBSB DVJEBS QFSTPOBT NBZP SFT OJร PT MJNQJF[B %JTQPOJ CJMJEBE JONFEJBUB 5&-

4& 13&$*4"/ +ยป7&/&4 QBSB DVFSQP QPMร DJB Z NPTTPT E FTRVBESB 1MB[BT BCJFSUBT Tร MP DPO OBDJPOBMJEBE &TQB ร PMB *OGร SNBUF

&.13&4" %& 4&37*$*0 #64$" $0.&3$*"-&4 P QFSTPOBT DPO EPO EF HFO UF B UJFNQP QBSDJBM )PSB SJP GMFYJCMF JOHSFTPT BMUPT TFHร O WBMร B *OUFSFTB EPT FOWJBS DVSSร DVMVN B UTDVSSJDVMVN!ZBIPP FT

.hPGFSFJYP QFS DVJEBS OFOT BWJT BDPNQBOZBS MPT BM NFU HF +PSOBEB JOEJGFSFOU 5JOD DPUYF 5&- .0/54& (*-

&/$0'3"%03 * '&33"--" ThPGFSFJY FEBU BOZT PGJDJBM EF ย QFS FNQSFTFT 5&-

$)*$" 1"3"(6":" SFTQPO TBCMF TF PGSFDF QBSB USBCBKP EF MJNQJF[B QPS IPSBT DVJEB EP EF OJร PT QFSTPOBT NBZP SFT GJKB JOUFSJOB %JTQPOJCMF UPEP FM Eร B #BSDFMPOB Z BMSF EFEPSFT 5&-

4&ยบ03" &$6"503*"/" SFTQPOTBCMF Z TFSJB TF PGSFDF QBSB DVJEBS QFSTPOBT NB ZPSFT DBOHVSP MJNQJF[B &YQFSJFODJB %JTQPOJCJMJEBE JONFEJBUB P GJOFT EF TFNBOB 5&-

63(&/ (6"3%"4 '03&4 5"-&4 Z CPNCFSPT QBSB #BSDFMPOB 4VFMEP BQSPY รฅ 4ร MP OBDJPOBMJEBE &TQBร PMB */'ยป3."5&

4&ยบ03" $0/ &91&3*&/$*" #64$" 53"#"+0 MJNQJF[B DVJEBS QFSTPOBT NBZPSFT QPS IPSBT Eร BT QPS TFNBOB 5&-

$)*$" 4& 0'3&$& QBSB MJN QJF[B DBOHVSP DVJEBS QFS TPOBT NBZPSFT 5&-

4&ยบ03" 3&410/4"#-& $0/ &91&3*&/$*" CVTDB USBCBKP DVJEBOEP QFSTPOBT NBZPSFT DBOHVSP MJNQJF[B QPS MBT UBSEFT OPDIFT %JT QPOJCJMJEBE JONFEJBUB 5&-

1&340/"- 1"3" 53"#"+"3 $0.0 $&-"%03 BVYJMJBS EF FOGFSNFSร B Z BVY EF HVBS EFSร B QBSB *OTUJUVU $BUBMร EF MB 4BMVU */'ยป3."5&

4& 0'3&$& 4&ยบ03" QBSB DVJEBS QFSTPOB NBZPSFT DBOHVSP MJNQJF[B B DBTBT QBSUJDVMBSFT DPO FYQFSJFODJB SFGFSFODJBT PQDJร O GJKB P QPS IPSBT 5&-

"&3016&350 /6&7" 5&3 .*/"- 13&$*4" 1&340/"- DPO JOHMร T QBSB TVQFSWJTPSFT EF WVFMP BHFOUFT EF QBTB KFSPT Z B[BGBUBT EF UJFSSB 4VFMEP IBTUB รฅ .FT 1SFQร SBUF QBSB BDDFEFS 5&-

4& 0'3&$& $)*$" 4&3*" Z SFTQPOTBCMF QBSB MJNQJF[B GJKB JOUFSJOB 5&-

3&$&1$*0/*45"4 : "69* -*"3&4 "%.*/*453"5*704 QSFDJTBO BZVOUBNJFOUPT Z VOJWFSTJEBEFT 1SFQร SBUF QBSB BDDFEFS 5&-

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

FKHร EKN

Hร EKN

$)*$" 4& 0'3&$& QBSB DVJ EBS QFSTPOBT NBZPSFT 5&-

/165 '0%4'7#65

57&1-75

&DPOPNJDT JOEE

727 %DGDORQD

t 3&1"3"$*» t */45"-r-"$*» t 4&37&* 5µ$/*$ t ."/5&/*.&/5 t 505&4 -&4 ."326&4

4&37&* 5µ$/*$

.¾#*13&64 &$0/¾.*$4 XXX JOGPSNBUJDB CBEBMPOB DPN

"( 505" &%"5 /&$&44*5" JOGFSNFSFT QVFSJDVMUPSFT GJ TJPUFSBQFVUFT BVY EF DMÓOJDB B EPNJDJMJ J IPTQJUBM I FUD 5&-

FODVVLILFDWV

"( 505" &%"5 /&$&44*5" GJYFT JOUFSJOFT QFS IPSFT QFSTPOFT EF DPNQBOZJB QFS OFOT J BWJT 5&-

"44*45µ/$*" " %0.*$*-* t %&41-"±".&/54 (3"56¸54

.&/4"+&304 '63(0/&5" QBSB SFQBSUPT Z QFRVF×B QBRVFUFSÓB FO #BSDFMPOB Z DJOUVSØO 1SFTFOUBSTF MVOFT Z NBSUFT UBSEFT EF B FO $ 10/*&/5& #+4 #"%"-0/" .&/4"+&304 .050 FMFWB EPT JOHSFTPT 1SFTFOUBSTF MV OFT Z NBSUFT UBSEFT EF B FO $ 10/*&/5& #+4 #"%"-0/" 4&37*$*0 5²$/*$0 &/ #" %"-0/" 13&$*4" 5ÏDOJDP EF )BSEXBSF QBSB UBMMFS JO GPSNÈUJDP 4F PGSFDF DPOUSB UP IPSBT TFNBOBMFT BMUB FO 4 4 JODPSQPSBDJØO J O N F E J B U B & OW J B S $ 7 B JOGP!MFLLFSOFU FT 4& 13&$*4" $)*$" %& "$" %&.*" QBSB QSÈDUJDBT FO QFMVRVFSJB 3".#-" 4"/ +6"/ % --03&%"

4J KB USFCBMMFT J WPMT HVBOZBS VO TPCSF TPV CVTRVFN QFSTPOFT DPN UÞ RVF WVMHVJO USFCBMMBS B $0.&3$*"-4 " 5&.14 IPSFT MMJVSFT EF DPNFSDJBMT EF QVCMJDJUBU QFS MB SFWJTUB &M 505 1"3$*"#BEBMPOB &M 505 #"%"-0/"

OFDFTTJUB $0.&3$*"-4 BVUÛOPNT B 5&.14 1"3$*"- 3&26&3*. t #POB QSFTFODJB 1FS B NÏT JOGPSNBDJØ t (BOFT EF USFCBMMBS

5FM P

P FOWJBS DVSSÓDVMVN BNC GPUP B

4& 13&$*4" .&$«/*$0 EF BVUPNØWJM PGJDJBM EF DPO CBTUBOUF FYQFSJFODJB 5&-

4& /&$&4*5" 0'*$*"-" %& 1&-626&3*" FO #BEBMPOB 5&-

4& 0'3&$& $)*$" QBSB MJN QJF[B DVJEBEP EF OJ×PT P BODJBOPT $PO SFGFSFODJBT 5&- 4&º03" 1"3" &/53&7*4 5"4 1 0 3 5 & - & ' 0 / 0 F O #BEBMPOB TØMP NB×BOBT $POUSBUP Z T 4 'JKP NÈT DP NJTJPOFT 5&- 43 -6¶4

4& 0'3&$& 4&º03" &41" º0-" QBSB DVJEBS QFSTPOBT NBZPSFT OPDIF P EÓB $PO SFGFSFODJBT 5&-

727 %DGDORQD

&DPOPNJDT JOEE

YFTDB!FMUPUEJHJUBM DPN

0'&3*. t $PNJTTJØ EF MB WFOEB EF QVCMJDJUBU t -MJTUBUT EF DMJFOUT J DBSUFSB

3DUOHV KDELWXDOPHQW HQ FDWDOj L YROGULHV DMXGDU 3DUOHV XQD PLTXHWD GH FDWDOj SHUz HW FRVWD SUDFWLFDU OR HQ HO WHX HQWRUQ" DOJ~ DOWUH TXH QHFHVVLWD SUDFWLFDU OR"

7X S RW V VHU DSU H QHQW D

7X S RW V VHU YR OXQW DU L D

6L HWV PDMRU G¶HGDW L WHQV XQD KRUD D OD VHWPDQD SHU SDUODU HQ FDWDOj DPE DOJ~ DOWUH D O¶KRUD DO OORF L VREUH HOV WHPHV TXH YXOJXHX

&20 86 +, 32'(8 $3817$5" Ɣ $O ZHE ZZZ Y[O FDW R DO ZHE GHO &1/ GH %DGDORQD L 6DQW $GULj ZZZ FSQO FDW EDGDORQD FOLFDQW OD LFRQD GH 9ROXQWDULDW SHU OD OOHQJXD

Ɣ $O &1/ GH %DGDORQD L 6DQW $GULj DY G¶$OIRQV ;,,, HQWO D Ɣ 7UXFDQW DO WHOqIRQ %ODQFD 6DOD R $QQD *DOOHJR

Ɣ (QYLDQW XQ FRUUHX HOHFWUzQLF D %ODQFD 6DOD EVDOD#FSQO FDW , VL MD VRX YROXQWDULV R DSUHQHQWV XV FRQYLGHP D SDUWLFLSDU HQ HO , &RQFXUV )RWRJUj¿ F GHO 9[/ GH %DGDORQD L 6DQW $GULj GHV G¶DUD PDWHL[ L ¿ QV DO PHV GH IHEUHU GH 3RGHX JXDQ\DU XQ &XUV G¶LQLFLDFLy D OD IRWRJUD¿ D D FjUUHF GH O¶$JUXSDFLy )RWRJUj¿ FD 6DQW -RDQ %DSWLVWD 6L YROHX VDEHU FRP WUHXUH HO Pj[LP GH SUR¿ W D OD YRVWUD FjPHUD GLJLWDO FRQYLGHP $ 727+20 D OD [HUUDGD G¶LQLFLDFLy D OD IRWRJUD¿ D GLJLWDO TXH IDUj O¶DJUXSDFLy GLPHFUHV GH QRYHPEUH D OHV KRUHV D OD %LEOLRWHFD GH 6DQW $GULj LQIR WUXFDQW DO %ODQFD 6DOD R $QQD *DOOHJR R DO ZHE ZZZ FSQO FDW EDGDORQD D O¶DSDUWDW 1RYHWDWV GH 9ROXQWDULDW SHU OD OOHQJXD

FODVVLILFDWV

%NCUUGU

/QVQT

$-"4&4 1"35*$6-"3&4 %& */(-²4 FO UPEPT MPT OJWFMFT IPSBSJP GMFYJCMF .BFTUSB OBUJWB EF 64" 5&-

7&/$ 0 $"/7*0 1&3 $059& $#3 GJOBMT

LN 5&-

130'&403" 5*56-"%" %" $-"4&4 QBSUJDVMBSFT Z HSV QP 1SJNBSJB 4FDVOEBSJB #BDIJMMFSBUP .ØEVMPT 'SBO DÏT 4FMFDUJWJEBE 'PSNBDJØO )ÈCJUPT EF &TUVEJP 5&-

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

4& 7&/%& .050 ,ZNLP (SBOE %JOL DD FO CVFO FTUBEP å */'0

2WDNKSWG UWU CPWPEKQU FKTGEVCOGPVG FGUFG NC YGD YYY GNVQVFKIKVCN EQO

"/(-µ4 DMBTTFT QBSUJDVMBST JOEJWJEVBMT QFUJUT HSVQT IPSBSJ GMFYJCMF DPOWFSTB .53 .&/03$" DD TF #VTJOFTT .ÒUPEFT QFSTP NJOPWB å 5&- OBMJU[BUT 5&-

-*$&/$*"5 %»/" $-"44&4 E FTP CBUYJMMFSBU 4FMFDUJ WJUBU NÛEVMT FUD .BUFT GÓTJDB RVÓNJDB $ *OEÞT USJB 5&-4 3".0/

&DPOPNJDT JOEE

7&/$ 1&6(&05 CPO QSFV 5&-

#OKUVCVU

YYY GNVQVFKIKVCN EQO

"53²7&5& BNJTUBE QBSFKB 5&-

727 %DGDORQD

(3"$*&4 " -h&41&3*5 4"/5 . 3 4& "-26*-" )"#*5"$*»/ BNVFCMBEB DPO EFSFDIP B UPEP 5&-

7&/%0 4*--" %& 36&%"4 FO CVFO FTUBEP å 5&-

4& "-26*-" )"#*5"$*»/ FO QJTP DPNQBSUJEP ;POB #VGBMB QSFDJP å HBTUPT JODMVJEPT F JOUFSOFU .BSJB

4& 7&/%& 5&$-"%0 &-²$ 53*$0 NPEFMP i:BNBIB $MBWJOPWB $ 7 1 w DPO MFGU QFEBM QPSUB QBSUJUVSB UFDMBEP UPEB DMBTF EF NÞTJ DB ``1SFDJPTP 1PS OP VTBS å 5&-

FODVVLILFDWV

8CTKU

0 $ "4 * » / 7 & / % 0 $ & / 53"-*5" %*(*5"- /&3*4 OVFWB TPMP NFTFT EF VTP å 5&-

4& 7&/%& $0'3& ."4 $05"4 %0(1"$, EF $B SSZQBDL FYUFOTJCMF DPO WBDB EF Y Y DN )PNPMP HBEP /P MJNJUB MB WFMPDJEBE %F B QFSSPT !

*/'0 5&-

2WDNKSWG UWU CPWPEKQU FKTGEVCOGPVG FGUFG NC YGD YYY GNVQVFKIKVCN EQO

4&º03" "-26*-" )"#* 5"$*»/ DFOUSP #BEBMPOB CB×P JOEFQFOEJFOUF EFSF DIP DPDJOB WJTUBT NBS TFSJF EBE 5&- 1*"/0 &-²$53*$0 $"4*0 NPEFMP iDFMWJBOP BQ BQ w UFDMBT TPOJEPT WFS TÈUJMFT NFUSPOP NFMPEÓBT EF EFNPTUSBDJØO NFNPSJB GVODJPOFT EF BKVTUF EF UFDMB EP UFSNJOBM NJEJ å 5&-

2VJFSFT DPMBCPSBS 7PMT DPMrMBCPSBS *OGØSNBUF BRVÓ P FO *OGPSNBhU BRVÓ P B DPMrMBCPSB

XXX BGSJDBOPTNJSB DPN 727 %DGDORQD

&DPOPNJDT JOEE

WHFQRORJLD

VGEPQNQIKC

QRYHWDWV JDGJHWV WHOHIRQLD VRIWZDUH LQWHUQHW

'BDFCPPL BOVODJB MB DSFBDJØ EF QFSm MT DPNNFNPSBUJVT QFS BMT VTVBSJT RVF FT NPSFO

5F D O P M P H J B t - B Q P Q V M BS YBS YB TPDJBM 'BDFCPPL IB BOVODJBU MB DSFBDJØ E VO FTQBJ EFEJDBU B MB NFNÛSJB EFMT VTVBSJT RVF T IBHJO NPSU "NC NÏT EF NJMJPOT EF QFSTPOFT JOTDSJUFT BSSFV EFM NØO 'BDFCPPL DSFV BEJFOU EJTQPTBS E VO BQBSUBU PO FT QVHVJ SFDPSEBS MFT QFSTPOFT RVF FO WJEB UFOJFO VO QFSm M B MB YBSYB "JYÓ MB JEFB ÏT DSFBS VOT QFSm MT DPNNFNP SBUJVT PO MB HFOU QVHVJ HVBS EBS J DPNQBSUJS FMT SFDPSET

DSFBU MB JEFB EFMT QFSm MT DPN NFNPSBUJVTw 4FHPOT FYQMJ DB ,FMMZ BM CMPH DPSQPSBUJV EFM QPSUBM iBRVFTUT DPNQUFT DPNNFNPSBUJVT UBNCÏ FWJUFO RVF BMHÞ IJ BDDFEFJYJ FO FM GVUVS QFSÛ TFHVFJYFO QFSNF UFOU RVF MB GBNÓMJB P FMT BNJDT EFJYJO NJTTBUHFT EF SFDPSE BM TFV NVSw ²T B EJS RVF FM QFSGJM EF MB QFSTPOB EJGVOUB FT NBOUJOESJB BDUJV QFSÛ T FWJUBSJFO BMUSFT GVODJPOT 1FS FYFNQMF EJWFS TFT BQMJDBDJPOT EF MB YBSYB DPOWJEFO B TVHHFSJS OPVT DPOUBDUFT J T IBWJB EPOBU FM DBT RVF T BOJNBWB B BGFHJS DPN B BNJTUBUT QFSTPOFT RVF T IBWJFO NPSU

EF MFT BNJTUBUT WJSUVBMT RVF IBO EFTBQBSFHVU 'BDFCPPL FT DPNQSPNFU B SFUJSBS MB JOGPSNBDJØ QFSTPOBM EF MB QFSTPOB EJGVOUB EJTQPOJCMF BM QPSUBM QFS FWJUBS RVF FMT TFVT GBNJMJBST J BNJDT IBHJO EF WFVSF GPUPT P NJTTBUHFT BOUJDT i2VBO BMHÞ FOT EFJYB OP BCBOEPOB MB OPTUSB NFNÛSJB OJ MB OPTUSB YBSYB TPDJBMw IB EFDMBSBU FM SFTQPOTBCMF EF TFHVSFUBU EF 'BDFCPPL .BY ,FMMZ RVF IB BGFHJU i1FS SFn FDUJS BRVFTUB SFBMJUBU IFN

(SVQT #BEBMPOJOT BM (SVQ " #BEBMPOB WPMFN VOFT UBORVFT EFM USFO EJHOFT .FNCSFT NFNCSFT *OUFSFTTPT 1FSTPOFT RVF T VOFJYFO QFS EFNBOBS QÞCMJDBNFOU RVF FT QJOUJO MFT UBORVFT EFM USFO E VOB WFHBEB 4PCSFUPU BM TFV QBT QFS UPUB MB 3BNCMB

,167,787 &$7$/­ '( &20(5d

"$"%µ.*&4

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

'RQ 3HOD\R

7HO

QBH JOEE

$VSTPT EF JOGPSNËUJDB $POUBCJMJEBE GBDUVSBDJØO Z OØNJOBT QPS PSEFOBEPS $VSTPT FTQFDJBMFT QBSB FNQSFTBT 0GJNÈUJDB 1SPHSBNBDJØO Z .VMUJNFEJB

&XUVRV LQJOpV WRGRV ORV QLYHOHV *UXSRV HVSHFLDOHV SDUD QLxRV D SDUWLU GH DxRV /DV DXODV FXHQWDQ FRQ 79 FRQHFWDGR YtD VDWpOLWH SDUD KDFHU PiV GLYHUWLGRV \ HIHFWLYRV ORV HMHUFLFLRV GH DGLHVWUDPLHQWR GHO RtGR D OD GLFFLyQ GHO LGLRPD

7HO

7e&1,&2 ,1)250É7,&2 /$6 +25$6 6 , $ '

',5(&725, LQIRUPÁWLFD

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

3FQBSBDJØ EhPSEJOBEPST YBSYFT WJSVT

7HO

+PSEJ r

727 %DGDORQD

** $0/$634 %& '050(3"'*" 1FS MB QPSUBEB EF MhFYUSB EF /BEBM Eh&- 505 #"%"-0/" .0/5("5 5*"/" Žŵ ĞŶ ĚĂƌƌĞƌĞƐ ĞĚŝĐŝŽŶƐ Ğů dKd >KE ŝ h KZZ ^ ĐŽŶǀŽƋƵĞŶ ƵŶ ĐŽŶĐƵƌƐ ƉĞƌ ďƵƐĐĂƌ ůĂ ĨŽƚŽŐƌĂĮ Ă ĚĞ ůĂ ŶŽƐƚƌĂ ƉŽƌƚĂĚĂ ĚĞ EĂĚĂů͘ ^ŝ ƚĞŶƐ ƵŶĂ ĨŽƚŽŐƌĂĮ Ă Ž ƵŶ ĨŽƚŽŵƵŶƚĂƚŐĞ ƋƵĞ ƌĞůĂĐŝŽŶŝ Ğů EĂĚĂů Ăŵď ĂĚĂůŽŶĂ͕ DŽŶƚŐĂƚ Ž dŝĂŶĂ ĞŶǀŝĂͲůĂ Ă ůĂ ŶŽƐƚƌĂ ƌĞĚĂĐĐŝſ͕ ŝ Ɛŝ ƐƵƌƚ ĞƐĐŽůůŝĚĂ ĐŽŵ Ă ƉŽƌƚĂĚĂ ĂĐŽŶƐĞŐƵŝƌăƐ ƵŶ ůŽƚ ĚĞ ũŽĐƐ ŐĞŶƟ ůĞƐĂ Ě͛ ĚƵĐĂ ŽƌƌĂƐ͘ ŶǀŝĂ͛ŶƐ ůĂ ĨŽƚŽŐƌĂĮ Ă Ă͗ ZĞǀŝƐƚĂ ů dŽƚ ĂĚĂůŽŶĂ͕ ĐŽŶĐƵƌƐ ƉŽƌƚĂĚĂ EĂĚĂů ĂƌƌĞƌ >ůĞſ͕ ϭϭͲϭϯ͕ ϮŶ ϯĂ Ͳ Ϭϴϵϭϭ ĂĚĂůŽŶĂ͘ dĂŵďĠ ůĂ ƉŽƚƐ ĨĞƌ ĂƌƌŝďĂƌ Ă͗ ďĂĚĂůŽŶĂΛĞůƚŽƚĚŝŐŝƚĂů͘ĐŽŵ

^ ^ > KE hZ^͗ WĂƌƟ ĐŝƉĂŶƚƐ͗ YƵĂůƐĞǀŽů ĂĮ ĐŝŽŶĂƚ Ă ůĂ ĨŽƚŽŐƌĂĮ Ă͕ ƐĞŶƐĞ ůşŵŝƚ Ě͛ĞĚĂƚ͘ ͼ dĞŵĂ͗ &ŽƚŽŐƌĂĮ Ă ĚĞ EĂĚĂů ƌĞůĂĐŝŽŶĂĚĂ Ăŵď ĂĚĂůŽŶĂ͕ DŽŶƚŐĂƚ Ž dŝĂŶĂ͘ &ŽƚŽŐƌĂĮ ĞƐ͗ ĂĚĂ ĐŽŶĐƵƌƐĂŶƚ ƉŽƚ ƉĂƌƟ ĐŝƉĂƌ Ăŵď ĚƵĞƐ ĨŽƚŽŐƌĂĮ ĞƐ ĐŽŵ Ă ŵădžŝŵ͕ ĂƉŽƌƚĂŶƚ ƵďŝĐĂĐŝſ ŽŶ Ɛ͛ŚĂ ĐĂƉƚĂƚ ůĂ ŝŵĂƚŐĞ ĞŶ ĐĂƐ ĚĞ ŶŽ ƐĞƌ ĨŽƚŽŵƵŶƚĂƚŐĞ͕ ĚĂƚĂ ĚĞ ůĂ ĨŽƚŽŐƌĂĮ Ă͕ ŶŽŵ ĚĞ ů͛ĂƵƚŽƌ͕ ƚĞůğĨŽŶ ĚĞ ĐŽŶƚĂĐƚĞ ŝ ĚŝƌĞĐĐŝſ͘ ^͛ĂĐŽŶƐĞůůĂ ƋƵĞ ůĞƐ ŝŵĂƚŐĞƐ ƐŝŐƵŝŶ ĞŶ ǀĞƌƟ ĐĂů ŝ Ă ďŽŶĂ ƌĞƐŽůƵĐŝſ Ɛŝ ƐſŶ ĚŝŐŝƚĂůƐ͘ ĂƚĂ ůşŵŝƚ ƉĞƌ ĞŶǀŝĂƌͲůĞƐ͗ ϵ ĚĞ ĚĞƐĞŵďƌĞ ĚĞů ϮϬϬϵ ͼ WƌĞŵŝ͗ DĂŐŶşĮ Đ ůŽƚ ĚĞ :ƵŐƵĞƚĞƐ ŽƌƌĂƐ͘

DPODVST QPSUBEB OBEBM JOEE

&41&$*"-*45"4 &/ *.1-"/50-0(¶" 0350%0/$*" : 0%0/50-0(¶" (&/&3"-

%S 3PCFSUP ,PFOJH O DPMFHJBEP

%SB 'ÈUJNB %PNJOJDJ O DPMFHJBEP

.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

.ÈTUFS FO 0EPOUPMPHÓB DPOTFSWBEPSB Z SFTUBVSBEPSB QPS MB 6OJWFSTJEBE EF #BSDFMPOB .ÈTUFS FO *NQMBOUPMPHÓB #UJ .ÈTUFS FO *NQMBOUPMPHÓB .JDSPEFOU t .JFNCSPT EF MB "TPDJBDJØO &TQB×PMB EF *NQMBOUFT 4&*

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

*.1-"/5&4

103 å 1SØUFTJT "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