Uk value investor 2014 02

Page 1

February 2014

UK Value Investor For Defensive Value Investors

Property investing vs stock market investing

R

ecently I have been thinking about dipping a toe into the property investment world. Although I’m no property investment expert, it was the property market which originally made me into a value investor. After buying a house in 1995 and selling it in 2005 for four times the purchase price, I realised that the same basic principle of buying low and selling high must apply to investing in the stock market as well as property. The trick is to remember that you don’t invest in the stock market when you buy shares. Instead you are investing in a company through a market that we call the stock market. And companies, especially large, stable ones, are really not that different to property. They are income producing assets - With a property you buy a house (or office block, depending on your budget) and rent it out for income. In the stock market you buy a company and it pays you a dividend.

Their income is uncertain, but likely to grow faster than inflation - Rent is subject to negotiation with tenants, and if your property sits empty for a while then your income will drop dramatically, at least in the short-term. When you invest in a company like Tesco you don’t know what dividend will be paid next year and there is also a chance that the dividend may be cut. In both cases though, it’s very likely that the income will grow faster than inflation over periods of 5 years or more. Their capital values are uncertain, but likely to grow faster than inflation - After you’ve bought a property you have no idea what it will be worth a year from now. All you can say is that the property is likely to be worth more, in real terms, in 5 or 10 years than it is today. The same is true of most large dividend paying companies. If you own Tesco then you have no idea what the share price will be next year. All you can say is that Tesco is likely to produce inflation beating revenue, profit and dividends growth over 5 or 10 years, and that the share price is likely to increase accordingly (although unpredictably). They both benefit from a long-term mindset - Most property investors view each property as a long-term, multi-year and even multi-decade project. Property investing is a marathon, not a sprint. The short-term is too unpredictable for most people to profit from, while the long-term is predictable enough for solid results to be almost inevitable. I think the same is true of the stock market. The short-term ups and downs are mostly unpredictable, but over the long-term investing in successful, dividend paying companies at low prices is virtually a one-way bet. John Kingham, 1st February 2014 Contents Market Valuation, Forecast and Asset Allocation

Page 2

Model Portfolio Review

Page 3

Buying: Reckitt Benckiser (again)

Page 8

FTSE All-Share Stock Screens

Page 12

IMPORTANT NOTICE: UK Value Investor provides information, not advice. It is for investors who want to make their own investment decisions and are capable of doing so without advice. If you think you need advice then you should seek a professional advisor. Please see the important notes on the back page for further information. Page 1


Market valuation, forecast and asset allocation 2014 hasn’t exactly gotten off to a flying start. Fears about emerging markets and the possible reduction of quantitative easing (QE) in the west are possible reasons why the FTSE 100 is down to 6,510, having almost reached 7,000 not so long ago. As prices fall the market becomes more attractively valued. The market valuation is still ‘slightly cheap’, but a falling market is likely to offer up more bargains and higher future returns. If anything, the economic picture seems to be steadily picking up, which is precisely why the issue of QE tapering is being raised.

FTSE 100 at 6,510

Cyclically Adjusted P/E Ratio

Description

Ben Graham Equity Allocation (%)

7 Year Annualised Return Forecast (%)

13,300 - 15,300

26 - 30

Very expensive

25

-2.3 to -0.2

11,200 - 13,300

22 - 26

Expensive

25 to 35

-0.2 to 2.2

9,200 - 11,200

18 - 22

Slightly expensive

35 to 45

2.2 to 5.3

7,200 - 9,200

14 - 18

Normal

45 to 55

5.3 to 9.0

6,100 - 7,200

12 - 14

Slightly cheap

55 to 65

9.0 to 11.5

5,100 - 6,100

10 - 12

Cheap

65 to 75

11.5 to 14.4

4,100 - 5,100

8 - 10

Very cheap

75

14.4 to 18.2

Even if the short-term outcome of an improving economy is a falling stock market, the fact that the economy is beginning to pick up has to be a good thing. It has certainly been a good thing for some of the more cyclical stocks. A good example of this is JD Sport which has had a faintly ridiculous level of performance recently. Since the start of 2013 the shares have gone up by something like 140% based on little more than changing sentiment about UK high streets. Despite such performances, the market overall is still in the bottom half of its normal range of values as you can see in the chart below.

Page 2


Model portfolio review Last month’s buy and sell decisions In January Aviva finally left the model portfolio - having been the lowest ranked stock for quite some time at £4.437 per share. The investment’s total return was 32.2% over 21 months, giving an annualised return of 17.7%. At the same time I sold approximately half of the Mears holding to rebalance it from 6% of the portfolio back down to 3%. This is an exercise which I will occasionally carry out in order to reduce exposure to any one company. The sale of these shares realised a capital gain of 71.2% over 34 months, which is an annualised capital gain of 20.9% on that half of the Mears investment.

Performance Over the last year the model portfolio has increased in value by 17.8% compared to 9.5% for the FTSE All-Share benchmark, while annualised returns from inception are 12.6% versus 8.8%. In terms of risk the model portfolio has a 2-year Beta of 0.59, making it approximately 41% less volatile (risky) than the market.

Vodafone and Verison This month we should see the final outcome from the Vodafone and Verizon deal. The Verizon shares are scheduled to be paid out on February 24th with the cash payment coming shortly after on March 5th. I intend to sell all of the Verizon shares, assuming the share price doesn’t collapse under the weight of selling pressure. The reason for selling them is that it isn’t part of the FTSE All-Share upon which the stock screen is based, so I cannot calculate or track its value as well as I can with FTSE-listed stocks. I prefer to sell them and put the cash into something else where I am more certain that I’m getting value for money. The cash part of the deal will also be reinvested into a new investment, just like cash from any other dividend. I will not be adding to the existing Vodafone position as I have a general policy to make just one buy or sell decision per investment (other than when rebalancing).

Dividends The model portfolio has produced almost 40% more in dividends than the FTSE All-Share investment trust benchmark. That gives me some confidence that, despite the model portfolio’s superior capital gains, it is not outperforming the market because of expanding valuations. Expanding valuations do not provide a solid foundation for a portfolio as they can easily contract if Mr Market changes his mood. Dividends however, provide a much more solid foundation, and are largely immune to Mr Market.

Model Portfolio Dividends £1,600 £1,400 £1,200 £1,000 £800 £600 £400 £200 £-

Page 3

FTSE All-Share Tracker Trust Dividends


Model portfolio performance and statistics Model Portfolio Total Return

FTSE All-Share Tracker Total Return

Average Investor

Bad Investor

£75,000 £70,000 £65,000 £60,000 £55,000 £50,000 £45,000 £40,000 Mar-11 Jun-11 Sep-11 Dec-11 Ma r-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13

Note that the “average investor” and “bad investor” underperform the market by 3% and 6% per year respectively due to overtrading, buying high and selling low. These figures are based on research cited by Barclays and the book, Monkey with a Pin. Performance (%)

Model Portfolio (A)

FTSE All-Share Tracker Trust (B)

Difference (A) - (B)

1 Year

17.8

9.5

8.3

Total return from inception (March 2011)

40.6

28.1

12.6

Annualised return from inception

12.4

8.8

3.6

£70,317

£64,025

£6,292

Historic dividend yield

3.8

3

0.8

Trailing 2 year beta (lower = less risk)

0.59

1

41% less volatile

Current cash value

UK Revenue

54%

International Revenue

46%

Industry Allocation

Size Allocation

Industrials, 31% Financials, 15% Consumer Services, 14% Consumer Goods, 11%

Large Cap, 51% Mid Cap, 32% Small Cap, 17%

Basic Materials, 7% Utilities, 6% Oil & Gas, 6% Telecommunications, 5% Health Care, 5%

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Recent Annual Results 23rd January 2014 - Chemring Group PLC (purchased on 18th April 2011) “Our vision is to be the leading producer of protection systems and energetic products for the global defence market. Our strategy is to develop and build on our core competencies in energetic materials and electronics for sensors, electronic warfare and network protection.” (www.chemring.co.uk)

Revenue

10 Year average earnings

Dividend per share

Down 16% Debt ratio (max 5)

Up 6% Pension liability ratio (max 10)

Down 24% Does it still pass the buy tests?

2.8

0.8

Yes

Quotes from the annual results In January 2013, the new management team established a Performance Recovery Programme focused on delivering improvements in operational performance and providing increased resilience to challenging markets. This led to a reorganisation of the Group to ensure swift and effective response to attractive market opportunities. The cost of this reorganisation and restructuring will be approximately £15.0 million, which has predominantly arisen in the year ended 31 October 2013, and will deliver annual savings of approximately £10.0 million from 2014. The Performance Recovery Programme had five initial areas of focus: Simplify the organisational structure. Integrate compatible business units and deliver untapped synergies. Implement a systematic programme of operational performance improvement. Re-focus business development activity. Improve cash and cost management. Operational efficiency is improving, but it will take time to resolve all of the Group's operational issues. Clearer reporting lines and more rapid communication with the Group's senior management are delivering improved focus, accountability and responsiveness. Crucially, customers are also benefiting from this streamlined organisation through a more co-ordinated approach to the Group's markets, product portfolio, quality and technology development. The Group's strategy is to re-position itself for growth through the innovation and exploitation of intellectual property. This will focus on Chemring's core competencies, directing investment into those lines of business which have technologies, products and market positioning that provide the greatest opportunity to achieve sustainable high margins and revenue growth. The benefits of the programme will come through in 2014 and the Group is better placed as a result. Adj.Earnings (left axis)

Dividends (left axis)

Revenue (right axis) 800

50 P 45 e n 40 c 35 e

700 £

600 M

500 i

30

l l 300 i o 200 n s

p 25 e 20 r

400

15 s 10 h a 5 r 0 e 2005

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100 0 2006

20 07

2008

2009

2010

2011

2012

2013


Recent Annual Results 30th January 2014 - Royal Dutch Shell (purchased on 9th December 2013) “We are a global group of energy and petrochemicals companies with around 87,000 employees in more than 70 countries and territories. We use advanced technologies and take an innovative approach to help build a sustainable energy future.” (www.shell.com)

Revenue

10 Year average earnings

Dividend per share

Down 5% Debt ratio (max 5)

Up 4% Pension liability ratio (max 10)

Up 3% Does it still pass the buy tests?

1.1

3.4

Yes

Quotes from the full year results media webcast Our strategy is designed to deliver through-cycle growth in cash flow and competitive returns, and Shell’s dividend track record underscores our commitment to shareholders. Our ambitious growth drive in recent years has yielded a step change in Shell’s portfolio and options-set, with more growth to come, but at the same time we have lost momentum and we can sharpen up our performance in a number of areas. So we are changing emphasis in order to improve our returns and cash flow performance. I want to focus on an improved financial performance, enhancing capital efficiency and continued strong delivery of new projects. 2014 will be the year where we implement some changes as we moderate our spending and growth plans, increase our divestments, and restructure some parts of the company. Going forward, I want Shell to be measured on our competitive performance, and we are taking a time out on complicated targets that are hard to track. We want to generate attractive returns for shareholders. This means returns at a project level – typically this is on a discounted cash flow basis – and returns at the bottom line – return on capital employed, earnings, and cash – which of course drives Shell’s dividends. Let me say that Shell’s long term strategy is sound. Yes, we will make some changes in some areas, but overall I am satisfied with most of the asset base, our project delivery credentials, Shell’s people, and our technology leadership position. Many of our businesses demonstrate outstanding, world-class operational and financial performance, and integration and scale are key strengths of the company. But as our business model is based on significant investment levels, it is essential that we allocate capital efficiently. This is going to be a stronger focus for the company going forward.

Adj.Earnings (left axis)

Dividends (left axis)

Revenue (right axis)

350

350,000

P e 300 n c 250 e

300,000 250,000

M i 200,000 l l 150,000 i o 100,000 n s

200 p e 150 r

100 s h a r e

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50 0 2005

£

50,000 0 2006

2007

2008

2009

2010

2011

2012

2013


Buying: Reckitt Benckiser PLC (RB.) Price on 1st Feb 2014

Index

Sector

4,563p Market Cap

FTSE 100 Revenue

Household Goods & Home Construction

£32.8 billion

£9.6 billion

£2.4 billion

Pre-tax Profit

“RB is one of the world’s leading manufacturers and marketers of branded products in health, hygiene and home, selling a comprehensive range through over 60 operating companies into nearly 200 countries.” (www.rb.com)

Overview The origins of the Reckitt Benckiser (RB) name stretch back to the early 19th century, when two separate businesses were started by their respective eponymous founders. Reckitt & Sons eventually listed on the London Stock Exchange in 1888 and merged with J&J Coleman’s (of mustard fame) in 1938. Reckitt & Coleman eventually merged with Benckiser NV in 1999 and began its current focus on a small number of “Powerbrands” such as Finish, Vanish and Nurofen. RB has been enormously successful since its merger, growing by more than 100% in the past decade and increasing its market cap almost fourfold. This success is primarily down to its Powerbrands and Powermarkets strategy of concentrating on and investing in high margin, strongly branded consumer products sold into rapidly growing, emerging markets. RB is one of very few companies in the stock screen which have a 100% growth quality rating, which means it has managed to grow revenues, profits and dividends in every single year of the last decade. 10Yr Growth rate

Dividend yield

Valuation (PE10)

17%

2.9%

28.1

Growth quality

Debt ratio (max 5)

Pension ratio (max 10)

Rank

100%

1.4

0.7

27 (out of 233)

Green = Better than FTSE 100, Red = Equal to or worse than FTSE 100

Adj.Earnings (left axis)

Dividends (left axis)

Revenue (right axis)

300

12,000

P e 250 n c e 200

10,000 £ 8,000

p 150 e r s h a r e

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6,000

100

4,000

50

2,000

0 2004

0 2005

2006

2007

2008

2009

2010

2011

2012

M i l l i o n s


Investment analysis Successful investing requires the methodical application of a systematic approach in order to achieve specific objectives, and a checklist is a great aid towards that end. This checklist helps to ensure that the company under investigation is high quality, and that its shares are likely to improve the portfolio in the long-run. Industrial diversity: Are there less than three companies from this FTSE sector already in the portfolio? YES RB will be the only company in the portfolio from the Household Goods & Home Construction sector. Geographic diversity: Will this company increase the geographic diversity of the portfolio? YES RB generates approximately 7% of its revenues from the UK with the remaining 93% coming from many regions across the world. Operational diversity: Is the company free from depending on a small number of key customers, suppliers or employees? YES No supplier accounts for more than 5% of the cost of goods sold, and no customer accounts for more than 10% of revenue. There does not appear to be any significant dependence on a particular individual or group of employees. Market strength: Is the company in the leading group within its markets? YES RB gets most of its revenues and profits from its 19 Powerbrands, which include Durex, Nurofen, Finish and many other well-known brands. In most cases the Powerbrands are number 1 or 2 globally in their categories. Consistent strength: Does the company have a consistent and successful history within the same industry? YES RB and its parent companies before it have been operating in the consumer goods market for many decades. Many of its brands date back to the early 20th century. In terms of success the company has grown revenues, profits and dividends in every year for more than a decade. Competitive strength: Does the company have any low cost and durable competitive advantages? YES Most products that RB sells are generic, commodity products like headache tablets, condoms and dishwasher tablets. However, a combination of constant product innovation and strong brand names allows the company to extract unusually high margins, both consistently and over the long-term. The idea is simple and familiar. Vanish stain removal products may be more expensive than generic brands, but customers know the brand and trust the quality, and are in many cases willing to pay a higher price because of that, especially since it’s a relatively inexpensive item. A higher price results in an increased profit margin, which allows RB to reinvest in the product with new innovations (such as “Vanish Gold Oxi Action with its super boosted formula”). It also allows them to reinvest in the Vanish brand to build more trust with more people, also known as brand equity investment. As it says in the 2012 annual report: “This also comprises advertising in both traditional and digital media, and also investment in extensive consumer and professional education and information campaigns, such as new mother programmes, in-school hand washing and hygiene programmes, pharmacist education programmes and health professionals development programmes. Combined, these activities build the equity of, and trust in, our brands.”

Generic branded products typically do not generate the excess cash flows required to build this kind of brand equity, so it is a virtuous circle which does a good job of protecting high profit margins, even in new markets. This is a distinct and durable competitive advantage. It requires significant investment in product innovation and marketing, but that investment has produced excellent returns over many years.

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Past problems: Has the company been free of major crises during the last decade? If there were any, were they resolved successfully? YES RB has had no major problems in the last decade. Current problems: Is the company free of current problems or risks (including excessive debt) which could materially impact its future prosperity? YES If RB is such a good company then why are its shares attractively valued? I think the primary reason is a general sell-off through 2013 of assets with a connection to emerging markets. RB earns a significant amount of its revenues from emerging markets and so it’s not surprising that negative sentiment towards those markets has a negative impact on RB’s shares. If you look at RB’s share price it has been more or less flat since March 2013, even though the company’s revenues, profits and dividends have continued to increase. There are a variety of possible causes behind this change in sentiment, although the possibility of tightening monetary policy from the US Federal Reserve seems to be a popular one. However, I do not see any major threat to the company’s immediate future in any of the stories surrounding emerging markets. RB’s quarterly results through 2013 have continued to be positive, showing growth in line with expectations. Future problems: Is it likely that the company’s economic engine will continue to grow and avoid becoming obsolete in the next decade? YES RB sells low-cost, repeat purchase products that have been around for decades and that will probably be around for decades to come. Brands and products like French’s Mustard are unlikely to disappear anytime soon. On that basis I don’t think its core products will become obsolete, or be significantly affected by the dizzying pace of technological change. However, the key to the company’s future is the growth of its markets, in particular the faster growing, less developed markets of the world. This growth of non-western markets shows up in the changing geographic spread of RB’s revenues. In 2003 developing markets generated around 25% of the company’s revenues; by 2015 they are expected to make up at least 50%. The big questions is, can emerging and developing market continue to grow more quickly than developed markets, and can RB maintain or grow market share in those growing markets? Without a crystal ball it’s impossible to be certain, but RB has certainly managed to do precisely that over the past decade, and I see no obvious reason why that won’t continue for many years yet.

Making the trade I will be adding RB to the model portfolio a few days after this issue is published, with the usual position size of approximately 1/30th of the portfolio’s total value. This will be the second time that RB has been in the model portfolio, having previously been bought for £32.83 in 2011 and sold for £46.28 in 2013. During that period of ownership total returns were 47% in 2 years, so hopefully things will turn out just as well this time. Higher ranked companies that were skipped over

Reason for not investing

Vedanta Resources

Too much debt

FirstGroup

Recent large rights issue means that past “per share” results do not relate well to future “per share” results.

Phoenix IT

Too UK focused and too small

Sainsbury

Already hold 3 Food & Drugs Retailers

Carillion

Already hold 3 Support Services companies

Pennon Group

Debt ratio too high

Serco Group

Already hold 3 Support Services companies

IMPORTANT NOTICE: This investment analysis is for information only. It should not be construed as advice and should not be relied upon before investing. You should perform your own investment analysis and factual verification before making investment decisions. If you need advice you should seek a financial advisor. See the important notes on the last page. Page 10


A quick guide to the model portfolio and stock screen Portfolio management policies and procedures Deliberate Diversification - To reduce the risks that come with each individual company and its shares, it is generally considered a good idea to hold a widely diversified portfolio. The model portfolio is diversified in terms of the number of companies (with a target of 30 equally weighted holdings), the industrial spread of those companies (no more than 2 or 3 from the same Sector) and their geographic spread (no more than 50% of portfolio revenue to be generated in the UK). Continuous Portfolio Improvement - A portfolio of stocks is a dynamic entity much like a garden. If it is left unmanaged (as with a pure buy-and-hold portfolio) there is a risk that over time the portfolio will drift away from its original goal. For example a high yield portfolio may become an average yield portfolio if the share prices of all the holdings increase faster than the dividends. To avoid this, the portfolio is actively managed to make sure that it only contains high quality companies with attractively valued shares. Each month a company is either added to or removed from the portfolio based on its Stock Screen rank and various other factors.

Buy and sell procedures Buy Decisions - Each buy decision starts by looking through the Stock Screen for the highest ranked stock which is not already in the portfolio and which has a debt ratio of less than five (a debt ratio of more than five is highlighted in red). The second step is to enter the companies results from the past decade into the investment analysis worksheet or spreadsheet which are available on the website. This makes it easier to see if the past results do actually match what the stock screen suggests, in terms of profitability, growth and consistency. If all of that looks okay then the next step is to check the total defined pension benefit liabilities to see if they are excessive relative to the company’s earnings power. Another step is to review the qualitative history of the company over the past decade, i.e. to read its annual reports in order to get a picture of what it has been doing and what problems it has faced in recent years. Finally, all these strands are pulled together to try to answer the questions in the investment analysis checklist about the company’s past, its present and its potential future. Sell Decisions - Sell decisions are made primarily on an existing holdings rank, with the lowest ranked shares most likely to be sold. However, there is a degree of subjectivity involved and it isn’t a purely mechanical process. For example, companies which are surrounded by a reasonable amount of good news are more likely to be sold than those which are still unloved, or which are still in the middle of a turnaround strategy.

The Stock Screen The stock screen ranks stocks based on a combination of their cyclically adjusted earnings and dividend yields, as well as the long-term growth rate and quality of that growth. Each of these factors is based on academic research and together create a unique screen which focuses high yield shares from companies which have produced high quality results in the past.

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^ĞĐƚŽƌ DŝŶŝŶŐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ ^ŽĨƚǁĂƌĞ Θ ŽŵƉƵƚĞƌ ^ĞƌǀŝĐĞƐ &ŽŽĚ Θ ƌƵŐ ZĞƚĂŝůĞƌƐ &ŽŽĚ Θ ƌƵŐ ZĞƚĂŝůĞƌƐ DŝŶŝŶŐ ůĞĐƚƌŝĐŝƚLJ 'ĂƐ͕ tĂƚĞƌ Θ DƵůƚŝƵƚŝůŝƚŝĞƐ WŚĂƌŵĂĐĞƵƚŝĐĂůƐ Θ ŝŽƚĞĐŚŶŽůŽŐLJ &ŽŽĚ Θ ƌƵŐ ZĞƚĂŝůĞƌƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ĞƌŽƐƉĂĐĞ Θ ĞĨĞŶƐĞ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ ĞƌŽƐƉĂĐĞ Θ ĞĨĞŶƐĞ DŽďŝůĞ dĞůĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐ /ŶĚƵƐƚƌŝĂů dƌĂŶƐƉŽƌƚĂƚŝŽŶ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ EŽŶůŝĨĞ /ŶƐƵƌĂŶĐĞ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ DŝŶŝŶŐ dŽďĂĐĐŽ dŽďĂĐĐŽ 'ĂƐ͕ tĂƚĞƌ Θ DƵůƚŝƵƚŝůŝƚŝĞƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ,ŽƵƐĞŚŽůĚ 'ŽŽĚƐ Θ ,ŽŵĞ ŽŶƐƚƌƵĐƚŝŽŶ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ 'ĂƐ͕ tĂƚĞƌ Θ DƵůƚŝƵƚŝůŝƚŝĞƐ Kŝů Θ 'ĂƐ WƌŽĚƵĐĞƌƐ DŝŶŝŶŐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ Kŝů ƋƵŝƉŵĞŶƚ͕ ^ĞƌǀŝĐĞƐ Θ ŝƐƚƌŝďƵƚŝŽŶ &ŽŽĚ Θ ƌƵŐ ZĞƚĂŝůĞƌƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ EŽŶůŝĨĞ /ŶƐƵƌĂŶĐĞ DĞĚŝĂ >ŝĨĞ /ŶƐƵƌĂŶĐĞ Kŝů Θ 'ĂƐ WƌŽĚƵĐĞƌƐ EŽŶůŝĨĞ /ŶƐƵƌĂŶĐĞ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ ĂŶŬƐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ DĞĚŝĂ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ WŚĂƌŵĂĐĞƵƚŝĐĂůƐ Θ ŝŽƚĞĐŚŶŽůŽŐLJ dƌĂǀĞů Θ >ĞŝƐƵƌĞ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ EŽŶůŝĨĞ /ŶƐƵƌĂŶĐĞ &ŽŽĚ WƌŽĚƵĐĞƌƐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ Kŝů ƋƵŝƉŵĞŶƚ͕ ^ĞƌǀŝĐĞƐ Θ ŝƐƚƌŝďƵƚŝŽŶ DĞĚŝĂ ĂŶŬƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ EŽŶůŝĨĞ /ŶƐƵƌĂŶĐĞ dƌĂǀĞů Θ >ĞŝƐƵƌĞ ^ŽĨƚǁĂƌĞ Θ ŽŵƉƵƚĞƌ ^ĞƌǀŝĐĞƐ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ĞƌŽƐƉĂĐĞ Θ ĞĨĞŶƐĞ Kŝů Θ 'ĂƐ WƌŽĚƵĐĞƌƐ ĞǀĞƌĂŐĞƐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ ĞǀĞƌĂŐĞƐ ,ŽƵƐĞŚŽůĚ 'ŽŽĚƐ Θ ,ŽŵĞ ŽŶƐƚƌƵĐƚŝŽŶ ĂŶŬƐ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ ŚĞŵŝĐĂůƐ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ ŚĞŵŝĐĂůƐ ĞƌŽƐƉĂĐĞ Θ ĞĨĞŶƐĞ

^ŚĂƌĞ WƌŝĐĞ άϴ͘Ϭϴ άϭ͘ϯϯ άϭ͘ϭϰ άϮ͘ϰϬ άϯ͘ϮϬ άϭϳ͘ϵϲ άϭϯ͘Ϭϳ άϯ͘ϭϭ άϯϴ͘ϱϵ άϯ͘ϰϱ άϯ͘ϯϮ άϮ͘ϰϭ άϮ͘ϵϮ άϰ͘Ϯϵ άϮ͘Ϯϳ άϱ͘Ϭϰ άϯ͘ϭϵ άϭϰ͘ϰϱ άϯ͘ϰϭ άϯϮ͘ϰϰ άϮϵ͘ϭϲ άϮϮ͘Ϯϯ άϲ͘ϴϴ άϯ͘ϴϳ άϰ͘ϯϳ άϯ͘Ϯϴ άϰϱ͘ϲϯ άϰ͘ϱϵ άϮ͘ϭϯ άϳ͘ϴϵ άϭϬ͘ϮϮ άϭ͘ϴϱ άϮ͘ϯϵ άϲ͘ϰϯ άϱ͘Ϭϲ άϰ͘ϭϰ άϱ͘ϰϯ άϲ͘ϴϱ άϬ͘ϵϳ άϴ͘ϳϲ άϯ͘ϰϱ άϮϮ͘Ϯϱ άϰ͘ϭϴ άϯ͘ϱϳ άϭϮ͘ϰϬ άϯ͘ϲϰ άϬ͘ϳϭ άϯ͘ϵϭ άϱ͘ϰϭ άϮϳ͘ϲϱ άϳ͘ϵϴ άϭϱ͘ϲϰ άϵ͘ϭϭ άϰ͘ϭϭ άϯ͘ϵϮ άϭϲ͘ϭϰ άϵ͘ϴϰ άϮ͘ϱϲ άϭϯ͘Ϯϭ άϭ͘ϱϬ άϭϱ͘ϰϲ άϭϬ͘ϯϬ άϮ͘ϳϯ άϮ͘ϳϯ άϰ͘ϳϵ άϯ͘ϯϮ άϱ͘Ϯϴ άϱ͘Ϯϵ άϰ͘Ϭϴ άϰ͘ϳϭ άϬ͘Ϯϲ άϮ͘ϵϰ άϰ͘ϳϴ άϭϴ͘Ϭϭ άϭ͘ϱϬ άϮϳ͘ϰϬ άϰ͘ϲϰ άϲ͘Ϯϳ άϲ͘ϲϮ άϭϳ͘ϴϮ άϭϰ͘ϵϳ άϴ͘ϱϴ άϮϬ͘ϵϰ άϮϰ͘ϭϮ άϱ͘ϭϲ

W ZĂƚŝŽ Ϯϰ͘ϵ ϲ͘Ϯ ϳ͘ϴ ϵ͘ϰ ϴ͘ϱ ϭϮ͘Ϯ ϭϲ͘ϯ ϵ͘ϰ ϭϬ͘ϳ ϭϮ͘ϱ ϴ͘Ϭ Ͳϵ͘ϴ ϭϬ͘ϴ ϭϮ͘ϵ ϭϯ͘ϴ ϭϱ͘ϭ ϭϰ͘ϱ ϭϱ͘Ϯ ϵ͘ϴ ϴ͘Ϯ ϭϯ͘ϵ ϭϭ͘ϲ ϭϮ͘ϰ ϭϰ͘ϭ ϭϭ͘ϲ ϭϲ͘ϭ ϭϴ͘ϰ ϭϲ͘Ϯ ϭϬ͘ϱ ϭϮ͘ϵ ϭϬ͘Ϭ Ϯϵ͘Ϭ ϭϮ͘Ϭ ϭϯ͘ϳ ϭϯ͘ϵ ϭϮ͘ϳ ϭϱ͘ϱ ϭϬ͘ϭ ϳ͘ϰ ϭϰ͘ϲ ϭϮ͘ϭ ϭϭ͘ϳ ϳ͘ϳ ϭϴϯ͘ϭ ϭϬ͘ϰ ϭϮ͘ϲ ϭϭ͘ϳ ϭϯ͘ϵ ϭϵ͘Ϭ ϭϲ͘ϲ ϭϬ͘ϵ ϭϳ͘Ϯ ϭϵ͘ϰ ϭϲ͘ϵ ϭϭ͘ϱ ϭϳ͘ϴ Ϯϯ͘ϯ ϭϬ͘ϭ ϭϳ͘Ϭ ϭϭ͘ϭ ϭϱ͘ϱ ϭϯ͘ϯ ϭϵ͘ϲ ϲϮ͘ϱ ϮϬ͘ϭ ϭϯ͘ϱ ϭϭ͘Ϭ ϮϬ͘ϴ ϮϬ͘ϱ ϭϱ͘ϵ ϴ͘Ϭ ϭϱ͘Ϭ ϭϮ͘ϯ ϭϳ͘Ϭ ϳ͘ϭ ϭϵ͘ϱ ϭϴ͘ϯ ϭϮ͘ϳ ϭϰ͘Ϭ ϮϬ͘ϵ ϭϴ͘ϯ ϭϲ͘ϴ ϭϱ͘ϴ ϭϴ͘ϳ ϭϱ͘ϵ

;sĂůƵĞͿ ŝǀ͘zŝĞůĚ ϰ͘ϲй ϰ͘ϳй ϲ͘ϳй ϰ͘ϵй ϰ͘ϲй ϰ͘Ϯй ϲ͘ϰй ϱ͘ϯй ϰ͘ϲй ϰ͘ϴй ϱ͘ϭй ϯ͘Ϭй ϰ͘ϴй ϰ͘ϱй ϰ͘ϱй ϱ͘Ϯй ϯ͘Ϯй ϲ͘ϯй ϱ͘ϭй ϯ͘ϯй ϰ͘ϲй ϱ͘Ϯй ϰ͘ϭй ϱ͘ϳй Ϯ͘ϯй ϯ͘ϰй Ϯ͘ϵй ϯ͘ϳй ϰ͘ϰй ϱ͘Ϯй ϭ͘ϲй ϱ͘ϱй ϯ͘ϴй ϭ͘ϲй ϯ͘ϵй ϰ͘ϴй Ϯ͘ϴй ϯ͘ϳй ϳ͘ϱй ϯ͘ϰй ϱ͘Ϭй ϱ͘ϭй ϱ͘ϳй ϱ͘ϯй ϰ͘ϯй Ϯ͘ϰй ϱ͘Ϭй ϰ͘ϭй Ϯ͘ϱй Ϯ͘ϰй ϯ͘ϰй ϰ͘ϳй Ϯ͘ϲй Ϯ͘ϳй ϰ͘ϲй ϭ͘ϲй Ϯ͘ϰй ϯ͘Ϯй Ϯ͘ϯй ϰ͘ϯй ϭ͘ϱй ϯ͘ϱй Ϯ͘ϲй Ϯ͘Ϯй ϭ͘ϳй ϯ͘ϭй ϱ͘ϲй Ϯ͘ϳй Ϯ͘ϴй ϯ͘ϲй ϯ͘Ϯй ϯ͘Ϭй ϰ͘ϲй Ϯ͘ϲй ϲ͘Ϭй Ϯ͘ϰй ϯ͘Ϯй ϰ͘ϱй ϯ͘ϯй Ϯ͘ϰй Ϯ͘Ϯй ϯ͘ϭй ϭ͘ϴй Ϯ͘ϱй Ϯ͘ϯй

;sĂůƵĞͿ W ϭϬ ϴ͘ϭ ϰ͘ϱ ϰ͘ϵ ϭϰ͘ϳ ϭϮ͘ϯ ϭϮ͘ϰ ϭϰ͘ϰ ϭϰ͘Ϯ ϭϯ͘Ϭ ϮϬ͘ϱ ϴ͘ϴ ϭϬ͘ϴ ϭϭ͘ϱ ϭϯ͘ϳ ϭϱ͘ϯ ϭϮ͘ϯ ϮϬ͘ϭ Ϯϱ͘ϭ ϭϮ͘ϳ ϭϬ͘ϲ Ϯϭ͘Ϭ ϭϲ͘ϭ ϮϬ͘ϯ ϭϰ͘ϯ ϭϵ͘ϯ ϭϴ͘ϳ Ϯϴ͘ϭ ϭϰ͘ϲ ϭϰ͘ϯ ϭϱ͘Ϭ ϭϰ͘ϵ ϭϱ͘ϯ ϭϳ͘ϴ ϭϬ͘ϲ ϭϱ͘ϳ ϵ͘ϰ ϭϵ͘ϰ ϭϱ͘ϭ ϳ͘ϭ Ϯϰ͘ϲ ϭϴ͘ϭ ϭϬ͘ϭ ϭϬ͘ϰ ϭϰ͘ϵ ϭϮ͘ϲ ϮϬ͘ϯ ϳ͘ϲ ϯϮ͘ϲ Ϯϲ͘Ϯ Ϯϭ͘ϯ ϭϬ͘Ϯ ϭϳ͘ϰ ϯϯ͘ϭ Ϯϯ͘Ϭ ϵ͘ϴ Ϯϭ͘ϵ ϯϮ͘ϲ ϭϱ͘ϯ ϮϮ͘ϱ ϭϬ͘Ϭ ϯϬ͘ϱ Ϯϰ͘ϲ Ϯϲ͘Ϯ ϴ͘Ϯ Ϯϴ͘ϰ ϭϯ͘ϵ ϭϮ͘ϰ ϰϯ͘ϰ Ϯϱ͘ϳ ϭϯ͘ϵ ϱ͘ϯ ϮϮ͘Ϯ ϵ͘ϵ Ϯϳ͘ϭ ϲ͘ϯ ϯϭ͘ϱ ϭϲ͘Ϭ ϭϬ͘ϴ ϭϴ͘ϭ ϯϮ͘ϭ Ϯϵ͘ϳ ϭϳ͘ϰ ϯϮ͘Ϭ ϯϵ͘ϯ Ϯϱ͘ϴ

;'ƌŽǁƚŚͿ ;'ƌŽǁƚŚͿ ZĂƚĞ YƵĂůŝƚLJ ϭϱ͘ϲй ϵϬй ϲ͘ϯй ϵϬй ϭϭ͘ϯй ϴϲй ϭϳ͘ϯй ϵϯй ϵ͘ϯй ϵϱй ϭϴ͘ϯй ϵϬй ϭϮ͘ϴй ϴϴй ϭϬ͘ϰй ϵϯй ϭϯ͘ϲй ϵϬй Ϯϯ͘ϰй ϵϬй ϭϮ͘Ϯй ϴϲй ϭϰ͘ϰй ϴϲй ϭϭ͘ϭй ϴϴй ϭϭ͘ϲй ϴϴй ϴ͘ϲй ϵϱй ϳ͘Ϯй ϴϴй ϭϯ͘Ϯй ϵϴй ϭϮ͘ϴй ϵϲй ϭϭ͘ϭй ϴϲй ϭϴ͘ϵй ϴϲй ϭϮ͘ϲй ϵϱй ϭϮ͘ϱй ϴϴй ϭϬ͘ϵй ϵϱй ϭϬ͘ϰй ϴϲй ϭϳ͘ϰй ϭϬϬй ϭϮ͘ϳй ϵϯй ϭϳ͘Ϭй ϭϬϬй ϲ͘ϭй ϴϴй ϲ͘ϳй ϴϴй ϳ͘ϱй ϴϲй ϭϰ͘ϳй ϵϯй ϵ͘ϱй ϴϯй ϭϮ͘Ϯй ϴϴй Ϯϵ͘Ϭй ϴϲй ϲ͘ϳй ϵϬй ͲϮ͘ϯй ϴϳй ϭϭ͘ϯй ϵϯй ϰ͘ϰй ϵϯй ϯ͘Ϯй ϳϵй ϭϬ͘ϴй ϵϴй ϰ͘Ϯй ϴϵй ϲ͘ϴй ϳϵй Ϯ͘ϳй ϴϯй ϱ͘ϳй ϴϯй ϱ͘ϵй ϴϲй ϭϰ͘ϯй ϵϬй ϱ͘ϭй ϴϭй ϭϵ͘ϳй ϵϯй ϭϭ͘ϵй ϵϱй ϭϯ͘ϴй ϴϴй ϲ͘ϭй ϳϲй ϯ͘ϵй ϴϴй ϭϰ͘ϳй ϵϴй ϭϮ͘ϲй ϵϬй Ͳϭ͘ϭй ϴϮй ϮϬ͘ϴй ϵϯй ϭϰ͘ϴй ϵϴй ϵ͘ϲй ϴϲй ϵ͘ϵй ϵϱй Ͳϭ͘Ϯй ϴϭй Ϯϲ͘ϱй ϭϬϬй ϭϰ͘ϴй ϴϴй ϭϭ͘Ϭй ϵϯй ͲϭϬ͘ϰй ϴϮй ϭϲ͘ϯй ϵϴй Ͳϴ͘Ϯй ϵϬй ϯ͘Ϯй ϴϬй Ϯϱ͘ϳй ϭϬϬй ϭϬ͘Ϭй ϵϯй Ϯ͘ϴй ϴϯй ϭ͘ϱй ϴϭй ϭϮ͘ϳй ϴϴй ͲϬ͘ϱй ϳϵй ϴ͘ϭй ϵϱй Ͳϰ͘ϭй ϳϲй ϭϯ͘ϲй ϵϱй ͲϮ͘ϰй ϴϴй Ͳϭ͘Ϭй ϳϵй ϳ͘ϰй ϴϲй ϭϰ͘Ϯй ϵϱй ϭϬ͘ϵй ϵϴй ϱ͘ϱй ϴϴй Ϯϭ͘ϲй ϵϱй Ϯϰ͘ϯй ϵϴй ϭϭ͘ϲй ϵϬй

Ğďƚ ZĂƚŝŽ ϮϮ͘ϭ ϰ͘ϯ Ϯ͘ϵ ϯ͘ϰ Ϯ͘ϳ ϰ͘Ϯ ϯ͘ϵ Ϯ͘ϲ Ϭ͘ϵ ϰ͘ϴ ϭ͘ϴ ϰ͘ϲ Ϯ͘ϴ ϭ͘ϳ ϯ͘Ϭ Ϭ͘Ϭ Ϯ͘ϱ Ϭ͘Ϭ ϰ͘ϭ Ϯ͘Ϯ Ϯ͘ϭ ϰ͘ϴ ϭϭ͘Ϭ ϭ͘ϵ ϯ͘ϰ ϭ͘Ϯ ϭ͘ϰ ϭ͘ϭ Ϯ͘Ϯ ϴ͘ϰ Ϯ͘Ϯ Ϭ͘Ϭ ϲ͘ϳ Ϭ͘ϱ Ϭ͘Ϭ ϯ͘ϴ Ϯ͘ϰ Ϯ͘ϱ Ϭ͘Ϭ Ϯ͘ϳ Ϭ͘Ϭ ϭ͘ϭ Ϭ͘Ϭ ϵ͘ϭ Ϭ͘Ϭ ϰ͘ϰ ϭ͘ϱ Ϭ͘Ϭ Ϯ͘Ϯ ϰ͘ϯ Ϭ͘ϭ Ϯ͘ϰ Ϯ͘ϰ ϯ͘ϱ Ϭ͘Ϭ Ϭ͘ϭ ϰ͘Ϭ Ϭ͘Ϭ Ϭ͘ϱ ϴ͘ϴ Ϯ͘ϯ Ϭ͘ϴ Ϭ͘ϰ Ϭ͘Ϭ Ϯ͘Ϯ ϭ͘ϭ Ϭ͘Ϭ ϭ͘Ϯ ϭ͘ϰ Ϯ͘ϱ ϭ͘Ϯ Ϯ͘ϱ Ϯ͘ϭ ϯ͘Ϯ ϭ͘ϯ ϰ͘ϲ Ϭ͘ϴ Ϭ͘Ϭ Ϯ͘ϳ Ϭ͘Ϭ Ϭ͘ϴ ϳ͘ϴ ϰ͘ϭ ϭ͘ϲ Ϯ͘ϲ

ĂƌŶŝŶŐƐ WŽǁĞƌ ;ŵͿ άϰϵϰ άϲϰϱ άϯϬ άϳϬϳ άϰ͕ϬϮϰ άϱ͕ϱϮϴ άϭ͕ϱϰϭ άϮ͕Ϭϲϵ άϲ͕ϳϳϭ άϱϳϵ άϭϰϭ άϳϰ άϯϬϴ άϭ͕ϳϲϲ άϭϯ͕ϲϲϯ άϭϲ άϭϭϰ άϯϬϳ άϭϵϴ άϳ͕ϯϴϴ άϰ͕ϵϵϰ άϮ͕ϯϰϮ άϮϯϵ άϯϬϭ άϮϮϳ άϭϬϳ άϮ͕ϯϯϵ άϭϭϬ άϱϬ άϯ͕ϯϲϮ άϰ͕ϯϯϴ άϮϮ άϯϲϳ άϯϵϭ άϱϵ άϯϬϵ άϰϬ άϱϭ άϳϵϬ άϭ͕Ϭϵϳ άϯϵ άϮϭ͕ϭϳϵ άϯϯϳ άϰϰ άϰ͕Ϭϵϱ άϭϴϲ άϰϴ άϮϲϳ άϭϭϭ άϭϵϭ άϱϮ άϳ͕ϳϬϳ άϵϲϰ άϲϯ άϰϬϭ άϲϲ άϯϴϴ άϭϰϵ άϱϱ άϭϰϳ άϮϳϯ άϮϮϬ άϰϴ άϴ͕ϳϲϲ άϯϯ άϯϳϲ άϮϰϱ άϰϬ άϯϮϰ άϵϭϭ άϯϵ άϮϱϮ άϭϰ͕Ϭϲϴ άϯ͕ϭϳϱ άϯϯϬ άϮ͕ϲϱϲ άϰϯ άϭϳ͕ϭϴϴ άϮϴ άϵϬ άϯϬϱ άϭϴϵ άϮϲϱ άϭϲϯ άϮϴϴ


^ƚŽĐŬ ^ĐƌĞĞŶ Ͳ ^ŽƌƚĞĚ ďLJ ZĂŶŬ ŽůŽƵƌ ŬĞLJ͗ 'ƌĞĞŶ с ďĞƚƚĞƌ ƚŚĂŶ &d^ ϭϬϬ͕ >ŝŐŚƚ ZĞĚ с ǁŽƌƐĞ ƚŚĂŶ &d^ ϭϬϬ͕ ĂƌŬ ZĞĚ с Ğďƚ ƌĂƚŝŽ ƚŽŽ ŚŝŐŚ

ZĂŶŬ ϴϲ ϴϳ ϴϴ ϴϵ ϵϬ ϵϭ ϵϮ ϵϯ ϵϰ ϵϱ ϵϲ ϵϳ ϵϴ ϵϵ ϭϬϬ ϭϬϭ ϭϬϮ ϭϬϯ ϭϬϰ ϭϬϱ ϭϬϲ ϭϬϳ ϭϬϴ ϭϬϵ ϭϭϬ ϭϭϭ ϭϭϮ ϭϭϯ ϭϭϰ ϭϭϱ ϭϭϲ ϭϭϳ ϭϭϴ ϭϭϵ ϭϮϬ ϭϮϭ ϭϮϮ ϭϮϯ ϭϮϰ ϭϮϱ ϭϮϲ ϭϮϳ ϭϮϴ ϭϮϵ ϭϯϬ ϭϯϭ ϭϯϮ ϭϯϯ ϭϯϰ ϭϯϱ ϭϯϲ ϭϯϳ ϭϯϴ ϭϯϵ ϭϰϬ ϭϰϭ ϭϰϮ ϭϰϯ ϭϰϰ ϭϰϱ ϭϰϲ ϭϰϳ ϭϰϴ ϭϰϵ ϭϱϬ ϭϱϭ ϭϱϮ ϭϱϯ ϭϱϰ ϭϱϱ ϭϱϲ ϭϱϳ ϭϱϴ ϭϱϵ ϭϲϬ ϭϲϭ ϭϲϮ ϭϲϯ ϭϲϰ ϭϲϱ ϭϲϲ ϭϲϳ ϭϲϴ ϭϲϵ ϭϳϬ

EĂŵĞ W/ DĂŶ 'ƌŽƵƉ W> D' ŶƚŽĨĂŐĂƐƚĂ W> EdK ŚĂƌůĞƐ dĂLJůŽƌ W> dZ ZŽƚŽƌŬ W> ZKZ ƚŬŝŶƐ ;t ^Ϳ W> d< ,LJĚĞƌ ŽŶƐƵůƚŝŶŐ W> ,z WĞĂƌƐŽŶ W> W^KE Z, W> Z, ^ƉŝƌĂdžͲ^ĂƌĐŽ ŶŐŝŶĞĞƌŝŶŐ W> ^Wy 'ŽͲ ŚĞĂĚ 'ƌŽƵƉ ;dŚĞͿ W> 'K' ^ĞŐƌŽ W> ^'ZK ƵŶnjů W> E > ZĞƐƚĂƵƌĂŶƚ 'ƌŽƵƉ ;dŚĞͿ W> ZdE tWW 'ƌŽƵƉ W> tWW ůĂƌŬƐŽŶ W> <E hŶŝůĞǀĞƌ W> h>sZ ^ƉĞĞĚLJ ,ŝƌĞ W> ^ z ŚŝŵĞ ŽŵŵƵŶŝĐĂƚŝŽŶƐ W> ,t ŽŵŝŶŽ WƌŝŶƚŝŶŐ ^ĐŝĞŶĐĞƐ W> EK ŶŐůŽͲ ĂƐƚĞƌŶ WůĂŶƚĂƚŝŽŶƐ W> W ŝƉůŽŵĂ W> W>D Ğ >Ă ZƵĞ W> > Z ^LJŶĞƌŐLJ ,ĞĂůƚŚ W> ^zZ W ƵƐƐŽŶƐ W> W WĂLJWŽŝŶƚ W> W z ǀŝǀĂ W> s͘ ^ĞǀĞƌŶ dƌĞŶƚ W> ^sd DƵĐŬůŽǁ ; Θ :Ϳ 'ƌŽƵƉ W> D<>t ^ƉĞĐƚƌŝƐ W> ^y^ /ŶƚĞƌƚĞŬ 'ƌŽƵƉ W> /dZ< ĂŝƌLJ ƌĞƐƚ 'ƌŽƵƉ W> ' E 'ƌŽƵƉ W> E &ŝĚĞƐƐĂ 'ƌŽƵƉ W> & ^ ^ŵŝƚŚ Θ EĞƉŚĞǁ W> ^E͘ ĂƌƚLJ W> Zdz /ŶĨŽƌŵĂ W> /E& ƵƌďĞƌƌLJ 'ƌŽƵƉ W> Z z ĞŶƚĂƵƌ DĞĚŝĂ W> h ,ĂůŵĂ W> ,>D < KD 'ƌŽƵƉ W> < KD &ƵůůĞƌ ^ŵŝƚŚ Θ dƵƌŶĞƌ W> &^d ůŽŽŵƐďƵƌLJ WƵďůŝƐŚŝŶŐ W> Dz tŽƌŬƐƉĂĐĞ 'ƌŽƵƉ W> t<W hŶŝƚĞĚ ƌƵŐ W> h ' WƌĞŵŝĞƌ &ĂƌŶĞůů W> W&> ZW^ 'ƌŽƵƉ W> ZW^ /ŶƚĞƌƐĞƌǀĞ W> /Zs ^ĞŶŝŽƌ W> ^EZ WƌŽǀŝĚĞŶƚ &ŝŶĂŶĐŝĂů W> W&' hůƚƌĂ ůĞĐƚƌŽŶŝĐƐ ,ŽůĚŝŶŐƐ W> h> ZW 'ƌŽƵƉ W> ZW ĞǀƌŽ W> sK &ŝƐŚĞƌ ;:ĂŵĞƐͿ Θ ^ŽŶƐ W> &^: ǀĞǀĂ 'ƌŽƵƉ W> ss ^ƚ /ǀĞƐ W> ^/s ,ĂŵŵĞƌƐŽŶ W> ,D^K DŝůůĞŶŶŝƵŵ Θ ŽƉƚŚŽƌŶĞ ,ŽƚĞůƐ W> D> KůĚ DƵƚƵĂů W> KD> ĂďůĞ Θ tŝƌĞůĞƐƐ ŽŵŵƵŶŝĐĂƚŝŽŶƐ W> t tŚŝƚďƌĞĂĚ W> td ZĞdžĂŵ W> Z y dĂƌƐƵƐ W> dZ^ dĂƚĞ Θ >LJůĞ W> d d ůĞĐƚƌŽĐŽŵƉŽŶĞŶƚƐ W> D ĂďĐŽĐŬ /ŶƚĞƌŶĂƚŝŽŶĂů 'ƌŽƵƉ W> ZĞŶŝƐŚĂǁ W> Z^t ĂƌƌΖƐ DŝůůŝŶŐ /ŶĚƵƐƚƌŝĞƐ W> ZD &d^ ϭϬϬ >ĂŶĚ ^ĞĐƵƌŝƚŝĞƐ 'ƌŽƵƉ W> > E ŽŵŵƵŶŝƐŝƐ W> D^ hŶŝƚĞĚ hƚŝůŝƚŝĞƐ 'ƌŽƵƉ W> hh͘ ^ŵŝƚŚƐ 'ƌŽƵƉ W> ^D/E dŽǁŶ ĞŶƚƌĞ ^ĞĐƵƌŝƚŝĞƐ W> d ^ ƌĂŵŵĞƌ W> Z D <ŝĞƌ 'ƌŽƵƉ W> </ WƌƵĚĞŶƚŝĂů W> WZh <ĞůůĞƌ 'ƌŽƵƉ W> <>Z ŽŵƉƵƚĂĐĞŶƚĞƌ W> ƌŝƚŝƐŚ >ĂŶĚ Ž W> >E WĂƌĂŐŽŶ 'ƌŽƵƉ ŽĨ ŽŵƉĂŶŝĞƐ ;dŚĞͿ W> W ' ĞƌĞŶĚƐĞŶ W> Z^E ^ĐŚƌŽĚĞƌ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚ >ƚĚ ^Z / >ŽŶĚŽŶ ^ƚŽĐŬ džĐŚĂŶŐĞ 'ƌŽƵƉ W> >^ ,ĂLJƐ W> , ^ ϰŝŵƉƌŝŶƚ 'ƌŽƵƉ W> &KhZ

/ŶĚĞdž &d^ ϮϱϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ

^ĞĐƚŽƌ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ DŝŶŝŶŐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ DĞĚŝĂ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ DĞĚŝĂ /ŶĚƵƐƚƌŝĂů dƌĂŶƐƉŽƌƚĂƚŝŽŶ &ŽŽĚ WƌŽĚƵĐĞƌƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ DĞĚŝĂ ůĞĐƚƌŽŶŝĐ Θ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚ &ŽŽĚ WƌŽĚƵĐĞƌƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ,ĞĂůƚŚ ĂƌĞ ƋƵŝƉŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ WĞƌƐŽŶĂů 'ŽŽĚƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ >ŝĨĞ /ŶƐƵƌĂŶĐĞ 'ĂƐ͕ tĂƚĞƌ Θ DƵůƚŝƵƚŝůŝƚŝĞƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ ůĞĐƚƌŽŶŝĐ Θ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ &ŽŽĚ WƌŽĚƵĐĞƌƐ ^ŽĨƚǁĂƌĞ Θ ŽŵƉƵƚĞƌ ^ĞƌǀŝĐĞƐ ^ŽĨƚǁĂƌĞ Θ ŽŵƉƵƚĞƌ ^ĞƌǀŝĐĞƐ ,ĞĂůƚŚ ĂƌĞ ƋƵŝƉŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ DĞĚŝĂ WĞƌƐŽŶĂů 'ŽŽĚƐ DĞĚŝĂ ůĞĐƚƌŽŶŝĐ Θ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚ &ŝdžĞĚ >ŝŶĞ dĞůĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ DĞĚŝĂ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ &ŽŽĚ Θ ƌƵŐ ZĞƚĂŝůĞƌƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ĞƌŽƐƉĂĐĞ Θ ĞĨĞŶƐĞ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ĞƌŽƐƉĂĐĞ Θ ĞĨĞŶƐĞ 'ĞŶĞƌĂů /ŶĚƵƐƚƌŝĂůƐ &ŽŽĚ WƌŽĚƵĐĞƌƐ /ŶĚƵƐƚƌŝĂů dƌĂŶƐƉŽƌƚĂƚŝŽŶ ^ŽĨƚǁĂƌĞ Θ ŽŵƉƵƚĞƌ ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ >ŝĨĞ /ŶƐƵƌĂŶĐĞ &ŝdžĞĚ >ŝŶĞ dĞůĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ 'ĞŶĞƌĂů /ŶĚƵƐƚƌŝĂůƐ DĞĚŝĂ &ŽŽĚ WƌŽĚƵĐĞƌƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ůĞĐƚƌŽŶŝĐ Θ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚ &ŽŽĚ WƌŽĚƵĐĞƌƐ

&d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ

ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ 'ĂƐ͕ tĂƚĞƌ Θ DƵůƚŝƵƚŝůŝƚŝĞƐ 'ĞŶĞƌĂů /ŶĚƵƐƚƌŝĂůƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ >ŝĨĞ /ŶƐƵƌĂŶĐĞ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ ^ŽĨƚǁĂƌĞ Θ ŽŵƉƵƚĞƌ ^ĞƌǀŝĐĞƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ DĞĚŝĂ

^ŚĂƌĞ WƌŝĐĞ άϬ͘ϴϮ άϴ͘ϱϭ άϮ͘ϴϳ άϮϰ͘ϲϮ άϭϯ͘ϲϭ άϲ͘ϰϴ άϭϭ͘ϭϮ άϭϱ͘ϳϭ άϮϵ͘ϮϬ άϭϵ͘ϳϳ άϯ͘ϯϳ άϭϯ͘ϴϴ άϲ͘ϭϮ άϭϮ͘ϳϳ άϮϬ͘Ϭϱ άϮϯ͘ϯϵ άϬ͘ϲϱ άϯ͘ϰϳ άϳ͘ϵϲ άϲ͘ϲϲ άϲ͘ϵϱ άϳ͘ϴϭ άϭϮ͘ϴϵ άϯ͘ϲϮ άϭϬ͘ϵϵ άϰ͘ϰϱ άϭϳ͘Ϯϳ άϰ͘ϳϭ άϮϮ͘ϮϮ άϮϴ͘ϯϮ άϱ͘ϭϵ άϮ͘ϬϬ άϮϯ͘ϭϯ άϴ͘ϳϲ άϭ͘ϯϮ άϱ͘ϭϳ άϭϰ͘ϰϴ άϬ͘ϲϳ άϱ͘ϵϵ άϬ͘ϵϵ άϵ͘ϲϴ άϭ͘ϳϯ άϱ͘ϰϯ άϯ͘ϱϲ άϮ͘ϭϴ άϯ͘ϰϭ άϲ͘ϭϬ άϮ͘ϵϵ άϭϲ͘ϯϮ άϭϵ͘ϱϴ άϱ͘ϵϱ άϯ͘ϭϬ άϭϯ͘ϵϯ άϮϭ͘ϱϬ άϭ͘ϵϮ άϱ͘Ϯϲ άϱ͘ϲϲ άϭ͘ϳϯ άϬ͘ϱϯ ϯϴ άϰ͘ϵϯ άϮ͘ϭϯ άϳ͘ϱϴ άϮ͘ϲϲ άϭϯ͘ϵϬ άϭϴ͘ϴϱ άϭϳ͘ϴϯ ϲ͕ϱϭϬ άϭϬ͘Ϯϵ άϬ͘ϳϬ άϳ͘ϭϲ άϭϰ͘ϯϴ άϮ͘ϮϬ άϰ͘ϱϴ άϭϴ͘ϴϭ άϭϮ͘Ϯϴ άϭϭ͘ϴϰ άϲ͘ϰϲ άϲ͘ϱϳ άϯ͘ϱϭ άϵ͘Ϯϱ άϬ͘ϱϰ άϭϴ͘ϰϬ άϭ͘ϯϯ άϳ͘Ϯϰ

W ZĂƚŝŽ Ͳϱ͘Ϯ ϴ͘ϴ ϭϳ͘ϵ Ϯϰ͘Ϯ ϭϰ͘ϲ ϭϯ͘ϴ Ϯϭ͘ϴ Ϯϱ͘Ϯ ϮϮ͘ϴ ϭϱ͘ϵ Ϯϵ͘Ϯ ϮϮ͘ϲ Ϯϱ͘ϭ ϭϵ͘ϰ Ϯϴ͘ϲ ϭϲ͘ϴ ϳϱ͘Ϭ ϲϴ͘ϲ ϮϮ͘ϳ ϴ͘Ϭ ϮϮ͘ϲ ϭϱ͘ϰ Ϯϯ͘ϯ Ϯϭ͘ϰ Ϯϰ͘Ϯ ϵ͘ϭ ϮϬ͘ϴ ϮϬ͘ϵ ϭϴ͘ϱ Ϯϯ͘ϱ ϭϭ͘ϯ Ϯϴ͘Ϯ Ϯϴ͘ϴ ϭϱ͘ϴ ϯϭ͘Ϭ ϭϱ͘Ϭ ϭϴ͘ϱ ϭϵ͘ϱ Ϯϲ͘Ϭ ϭϮ͘Ϭ ϮϮ͘ϭ ϭϱ͘ϴ ϰϭ͘ϴ ϭϲ͘ϯ ϭϰ͘ϰ Ϯϲ͘ϳ ϭϴ͘ϴ ϭϲ͘ϯ ϭϱ͘Ϭ ϮϬ͘ϵ ϭϱ͘ϳ ϭϱ͘ϳ Ϯϱ͘ϱ Ϯϵ͘ϯ ϭϰ͘Ϭ ϵϯ͘ϴ ϭϱ͘Ϭ ϭϯ͘ϰ Ϯϴ͘ϰ Ϯϰ͘ϭ ϭϰ͘ϱ Ϯϲ͘ϱ ϭϯ͘Ϯ ϭϳ͘Ϭ Ϯϯ͘ϭ ϭϵ͘ϵ ϭϰ͘Ϯ ϭϯ͘ϴ Ϯϱ͘ϱ ϭϮ͘ϰ ϮϬ͘Ϯ ϭϱ͘ϭ ϭϱ͘ϵ Ϯϭ͘ϴ ϭϴ͘ϯ ϭϯ͘ϴ Ϯϭ͘ϴ ϭϲ͘ϱ ϮϮ͘ϲ ϭϬ͘ϴ ϮϮ͘ϭ Ͳϭϴ͘Ϭ Ϯϰ͘ϰ Ϯϱ͘ϵ ϯϭ͘ϭ

;sĂůƵĞͿ ŝǀ͘zŝĞůĚ ϭϳ͘ϲй ϭ͘ϲй ϯ͘ϱй ϭ͘ϳй Ϯ͘ϰй ϭ͘ϵй ϰ͘Ϭй Ϯ͘ϴй ϭ͘ϵй ϰ͘ϭй ϰ͘ϰй Ϯ͘Ϭй ϭ͘ϵй Ϯ͘Ϯй Ϯ͘ϱй ϯ͘ϵй Ϭ͘ϴй Ϯ͘ϭй Ϯ͘ϳй Ϭ͘ϰй Ϯ͘ϯй ϱ͘ϰй ϭ͘ϲй Ϯ͘Ϭй Ϯ͘ϴй ϰ͘ϯй ϰ͘ϰй ϰ͘Ϯй ϭ͘ϴй ϭ͘ϰй ϰ͘Ϭй ϭ͘ϲй ϭ͘ϲй ϭ͘ϵй Ϯ͘ϯй ϯ͘ϲй Ϯ͘Ϭй ϯ͘ϲй ϭ͘ϳй ϰ͘ϱй ϭ͘ϰй ϯ͘Ϯй ϭ͘ϴй Ϯ͘ϯй ϰ͘ϴй ϭ͘ϵй ϯ͘ϰй ϭ͘ϲй ϰ͘ϳй Ϯ͘Ϭй Ϯ͘ϱй Ϯ͘ϳй ϭ͘ϯй ϭ͘Ϯй ϯ͘ϰй ϯ͘ϭй Ϯ͘ϰй ϰ͘ϭй ϰ͘ϴй ϭ͘ϱй ϯ͘ϭй ϯ͘Ϯй ϯ͘ϱй ϰ͘ϰй ϭ͘ϵй Ϯ͘ϭй ϭ͘ϴй ϯ͘ϲй Ϯ͘ϵй Ϯ͘ϰй ϰ͘ϴй Ϯ͘ϳй ϰ͘ϳй Ϯ͘ϭй ϯ͘ϲй Ϯ͘ϰй ϭ͘ϵй Ϯ͘ϳй ϰ͘Ϭй Ϯ͘ϭй Ϯ͘ϴй ϲ͘ϱй ϭ͘ϲй ϭ͘ϵй Ϯ͘ϭй

;sĂůƵĞͿ W ϭϬ ϰ͘ϯ ϭϰ͘ϭ ϭϮ͘ϵ ϰϬ͘ϴ ϭϵ͘ϯ ϮϬ͘ϯ Ϯϯ͘ϯ ϭϯ͘ϴ ϯϰ͘ϯ ϭϯ͘ϵ ϱ͘ϱ ϯϬ͘ϵ ϯϲ͘ϴ Ϯϴ͘Ϯ ϭϳ͘ϲ ϭϴ͘ϳ ϴ͘ϵ ϮϮ͘ϱ Ϯϵ͘ϰ ϭϮ͘ϰ ϰϬ͘Ϯ ϭϳ͘ϭ ϯϲ͘ϯ Ϯϴ͘Ϯ ϯϰ͘ϱ ϭϭ͘Ϯ Ϯϭ͘ϴ ϭϲ͘ϱ ϯϯ͘ϵ ϰϮ͘Ϯ ϭϯ͘ϭ ϰϴ͘ϳ ϰϱ͘ϵ Ϯϰ͘ϲ ϭϬ͘Ϯ Ϯϭ͘ϴ ϯϱ͘ϱ ϭϰ͘ϳ ϯϵ͘Ϭ ϭϳ͘ϯ ϯϭ͘ϴ ϭϰ͘ϴ Ϯ͘ϵ ϮϮ͘ϭ ϭϲ͘ϱ Ϯϲ͘ϱ Ϯϭ͘ϱ Ϯϳ͘ϰ Ϯϯ͘ϰ Ϯϵ͘Ϯ Ϯϯ͘ϵ Ϯϱ͘ϲ ϯϱ͘ϯ ϰϱ͘ϵ ϭϬ͘ϴ ϳ͘Ϯ ϭϴ͘ϳ ϭϮ͘ϰ ϭϵ͘ϲ ϰϭ͘ϵ ϭϲ͘ϭ Ϯϯ͘ϯ ϭϳ͘Ϯ ϭϳ͘ϵ ϰϬ͘ϭ ϯϲ͘ϯ Ϯϰ͘Ϭ ϭϯ͘ϴ ϵ͘ϯ ϭϬ͘ϳ ϭϲ͘ϴ ϮϬ͘Ϯ ϭϯ͘ϯ ϯϮ͘Ϯ ϭϴ͘Ϯ Ϯϵ͘ϯ ϭϵ͘ϯ Ϯϯ͘Ϯ ϲ͘ϯ ϱ͘ϯ Ϯϴ͘ϱ ϭϱ͘Ϭ ϯϮ͘ϲ ϭϴ͘ϯ ϯϳ͘ϲ

;'ƌŽǁƚŚͿ ;'ƌŽǁƚŚͿ ZĂƚĞ YƵĂůŝƚLJ Ͳϴ͘ϭй ϳϭй ϭϲ͘ϴй ϴϯй Ͳϭ͘Ϭй ϴϭй ϭϳ͘ϱй ϭϬϬй ϵ͘Ϯй ϴϴй ϮϮ͘ϳй ϴϴй ϲ͘ϳй ϴϴй ϯ͘ϯй ϴϯй ϭϮ͘ϴй ϭϬϬй ϱ͘ϭй ϳϲй ͲϭϬ͘ϲй ϳϰй ϵ͘ϯй ϭϬϬй ϭϯ͘ϯй ϭϬϬй ϭϮ͘ϴй ϵϯй ϳ͘Ϯй ϴϲй ϱ͘ϴй ϴϲй ͲϮϱ͘ϵй ϴϭй ϭϯ͘ϴй ϴϴй ϭϭ͘ϯй ϵϬй ϭϱ͘ϲй ϴϭй ϭϲ͘ϭй ϵϱй ϱ͘ϱй ϳϲй ϭϲ͘ϰй ϵϴй ϭϬ͘ϯй ϵϯй ϭϮ͘ϯй ϵϯй ͲϮ͘ϲй ϳϯй Ϯ͘ϰй ϴϲй Ϭ͘ϲй ϴϯй ϭϯ͘ϵй ϵϱй ϭϴ͘ϴй ϭϬϬй ϭ͘Ϭй ϳϰй Ϯϯ͘ϵй ϭϬϬй Ϯϭ͘ϯй ϵϴй ϭϯ͘ϭй ϵϬй ͲϭϬ͘ϲй ϳϭй ϳ͘ϲй ϴϲй ϭϳ͘ϭй ϵϯй Ͳϰ͘Ϭй ϴϭй ϵ͘ϴй ϭϬϬй ϴ͘ϯй ϳϵй ϭϬ͘ϱй ϵϴй ϭ͘Ϭй ϴϯй ͲϮϬ͘Ϯй ϳϲй ϳ͘ϯй ϴϴй ϰ͘ϴй ϲϳй ϭϭ͘ϯй ϵϬй ϲ͘Ϯй ϴϯй ϭϴ͘ϳй ϴϴй ϰ͘Ϯй ϴϯй ϭϯ͘ϲй ϴϴй ϭϭ͘ϱй ϴϲй ϭϬ͘ϵй ϴϲй ϭϮ͘ϱй ϵϴй Ϯϳ͘ϭй ϵϱй ͲϭϬ͘ϲй ϲϵй Ͳϲ͘ϭй ϳϲй ϵ͘ϭй ϴϯй Ͳϰ͘ϯй ϳϵй ϭ͘ϳй ϳϰй ϭϰ͘Ϭй ϵϱй Ϭ͘ϵй ϴϭй ϭϬ͘Ϭй ϴϭй Ϯ͘Ϯй ϴϭй ϭ͘ϰй ϳϭй Ϯϭ͘ϵй ϵϬй ϭϮ͘ϵй ϵϬй ϭϬ͘ϭй ϴϴй Ϯ͘ϭй ϳϰй Ͳϭϱ͘Ϭй ϳϭй Ͳϵ͘ϱй ϲϵй Ͳϰ͘Ϭй ϳϰй ϲ͘Ϭй ϴϭй Ͳϲ͘ϭй ϳϭй ϭϭ͘ϯй ϵϬй ϰ͘ϳй ϳϵй ϲ͘ϲй ϵϬй ϱ͘ϳй ϴϲй ϵ͘ϯй ϴϯй ͲϭϬ͘ϳй ϲϳй Ͳϭϯ͘ϰй ϳϱй ϱ͘ϯй ϴϴй Ͳϭϲ͘Ϯй ϲϬй ϭϯ͘ϴй ϴϴй Ϭ͘Ϯй ϳϵй ϳ͘ϳй ϵϯй

Ğďƚ ZĂƚŝŽ ϭ͘ϭ ϭ͘Ϯ Ϯ͘ϴ Ϭ͘Ϭ Ϭ͘ϵ Ϭ͘ϰ ϯ͘ϯ Ϯ͘ϵ Ϭ͘ϰ ϯ͘ϲ ϯ͘ϭ Ϯ͘ϴ Ϭ͘ϴ ϰ͘Ϯ Ϭ͘Ϭ Ϯ͘ϵ ϭ͘Ϯ Ϭ͘ϱ Ϭ͘ϲ Ϭ͘ϰ Ϭ͘Ϭ ϭ͘ϱ ϱ͘Ϭ ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ ϭϰ͘ϴ Ϯ͘ϲ ϭ͘ϵ ϯ͘ϯ ϰ͘ϰ ϭ͘ϴ Ϭ͘Ϭ Ϭ͘ϱ ϭ͘ϵ ϯ͘ϰ Ϭ͘ϰ Ϯ͘Ϯ ϭ͘ϰ Ϯ͘Ϯ ϳ͘Ϯ Ϭ͘Ϭ Ϭ͘ϴ ϰ͘ϴ ϰ͘ϱ Ϭ͘ϲ Ϭ͘ϴ ϭ͘ϰ ϳ͘ϰ Ϭ͘ϵ ϯ͘Ϭ Ϭ͘ϵ Ϯ͘ϭ Ϭ͘Ϭ ϭ͘Ϭ Ϯ͘ϲ Ϯ͘Ϯ Ϭ͘Ϭ ϭϭ͘ϳ ϭ͘ϳ ϱ͘ϳ ϭ͘ϴ Ϯ͘ϳ ϭ͘ϵ ϯ͘ϭ Ϭ͘Ϭ ϯ͘ϵ

ĂƌŶŝŶŐƐ WŽǁĞƌ ;ŵͿ άϰϵϰ άϵϵϰ άϭϱ άϭϬϱ άϭϮϰ άϮϮ άϲϴϵ άϭ͕ϯϵϮ άϭϮϵ άϵϯ άϲϳϬ άϮϵϵ άϲϳ άϭ͕ϭϯϯ άϯϳ άϮ͕ϴϭϲ άϲϭ άϮϳ άϱϱ άϯϱ άϯϳ άϲϵ άϰϭ άϭϬϮ άϰϬ άϭ͕ϳϬϰ άϯϮϱ άϮϵ άϭϰϴ άϮϭϲ άϴϬ άϭϳ άϯϳ άϱϳϱ άϵϴ άϮϰϲ άϯϯϲ άϭϬ άϭϭϲ άϰϲ άϭϵ άϭϰ άϰϭϮ άϲϵ άϲϱ άϱϭ άϲϭ άϴϬ άϭϲϯ άϴϮ άϳϭ άϯϱ άϯϵ άϱϳ άϯϬ άϳϵϱ άϭϲϯ άϭ͕Ϭϳϯ άϭϬϮ άϯϬϵ άϯϵϮ άϭϰ άϯϯϯ άϵϯ άϮϮϳ άϲϴ άϭϮ

ϯ͘Ϭ Ϯ͘ϰ ϭϰ͘ϰ Ϯ͘ϱ ϭϮ͘ϲ ϭ͘ϴ ϭ͘Ϯ Ϭ͘Ϭ ϭ͘ϰ Ϭ͘ϯ ϭ͘ϲ ϯϭ͘ϭ ϱ͘ϰ ϳ͘ϰ ϯ͘Ϭ Ϭ͘ϵ Ϭ͘ϳ

άϭ͕Ϯϰϴ άϭϳ άϰϮϴ άϰϱϰ άϭϯ άϯϬ άϵϬ άϭ͕ϵϯϵ άϳϱ άϲϰ άϭ͕ϯϵϰ άϯϬϮ άϵϵ άϭϳ άϮϳϬ άϭϲϭ άϭϬ


^ƚŽĐŬ ^ĐƌĞĞŶ Ͳ ^ŽƌƚĞĚ ďLJ ZĂŶŬ ŽůŽƵƌ ŬĞLJ͗ 'ƌĞĞŶ с ďĞƚƚĞƌ ƚŚĂŶ &d^ ϭϬϬ͕ >ŝŐŚƚ ZĞĚ с ǁŽƌƐĞ ƚŚĂŶ &d^ ϭϬϬ͕ ĂƌŬ ZĞĚ с Ğďƚ ƌĂƚŝŽ ƚŽŽ ŚŝŐŚ

ZĂŶŬ ϭϳϭ ϭϳϮ ϭϳϯ ϭϳϰ ϭϳϱ ϭϳϲ ϭϳϳ ϭϳϴ ϭϳϵ ϭϴϬ ϭϴϭ ϭϴϮ ϭϴϯ ϭϴϰ ϭϴϱ ϭϴϲ ϭϴϳ ϭϴϴ ϭϴϵ ϭϵϬ ϭϵϭ ϭϵϮ ϭϵϯ ϭϵϰ ϭϵϱ ϭϵϲ ϭϵϳ ϭϵϴ ϭϵϵ ϮϬϬ ϮϬϭ ϮϬϮ ϮϬϯ ϮϬϰ ϮϬϱ ϮϬϲ ϮϬϳ ϮϬϴ ϮϬϵ ϮϭϬ Ϯϭϭ ϮϭϮ Ϯϭϯ Ϯϭϰ Ϯϭϱ Ϯϭϲ Ϯϭϳ Ϯϭϴ Ϯϭϵ ϮϮϬ ϮϮϭ ϮϮϮ ϮϮϯ ϮϮϰ ϮϮϱ ϮϮϲ ϮϮϳ ϮϮϴ ϮϮϵ ϮϯϬ Ϯϯϭ ϮϯϮ Ϯϯϯ

EĂŵĞ W/ dĞůĞĐŽŵ ƉůƵƐ W> d W >Žǁ Θ ŽŶĂƌ W> >t ZD ,ŽůĚŝŶŐƐ W> ZD Ăƌƌ ; 'Ϳ W> ' DĂƌƐŚĂůůƐ W> D^>, >ĂǀĞŶĚŽŶ 'ƌŽƵƉ W> >s ZŽůůƐͲZŽLJĐĞ 'ƌŽƵƉ W> ZZ͘ 'ĂůůŝĨŽƌĚ dƌLJ W> '&Z ^ŚĂŶŬƐ 'ƌŽƵƉ W> ^<^ ZĞĞĚ ůƐĞǀŝĞƌ W> Z > 'ŽŽĚǁŝŶ W> ' tE d 'ƌŽƵƉ W> d͘ ZĂƚŚďŽŶĞ ƌŽƚŚĞƌƐ W> Z d ƐƐŽĐŝĂƚĞĚ ƌŝƚŝƐŚ &ŽŽĚƐ W> & ŝŐŶŝƚLJ W> dz ƌŝƚŝƐŚ WŽůLJƚŚĞŶĞ /ŶĚƵƐƚƌŝĞƐ W> W/ ŽĚLJĐŽƚĞ W> Kz &Θ h< ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ >ƚĚ & Z ůŽƐĞ ƌŽƚŚĞƌƐ 'ƌŽƵƉ W> ' 'ĞŶƵƐ W> 'E^ ,ƵŶƚŝŶŐ W> ,d' :ĂƌĚŝŶĞ >ůŽLJĚ dŚŽŵƉƐŽŶ 'ƌŽƵƉ W> :>d EĞdžƚ W> Eyd dĞĚ ĂŬĞƌ W> d ^ĂǀŝůůƐ W> ^s^ :ŽŚŶƐŽŶ DĂƚƚŚĞLJ W> :D d DŝĐŚĂĞů WĂŐĞ /ŶƚĞƌŶĂƚŝŽŶĂů W> DW/ <ŝŶŐĨŝƐŚĞƌ W> <'& ǀŝĂƚŝŽŶ W> >ĂŝƌĚ W> >Z ŝĂůŝŐŚƚ W> / /ŶƚĞƌ ŽŶƚŝŶĞŶƚĂů ,ŽƚĞůƐ 'ƌŽƵƉ W> /,' ZŝĐĂƌĚŽ W> Z K ^ĐŚƌŽĚĞƌƐ W> ^ Z >ĞŐĂů Θ 'ĞŶĞƌĂů 'ƌŽƵƉ W> >' E WŽƌǀĂŝƌ W> WZs ĞĐŚƌĂ WŚĂƌŵĂĐĞƵƚŝĐĂůƐ W> W, sƉ W> sW͘ 'ƌĞĞŶĐŽƌĞ 'ƌŽƵƉ W> 'E ZŽďĞƌƚ tĂůƚĞƌƐ W> Zt ^ Θ h W> ^h^ ƵƌŽŵŽŶĞLJ /ŶƐƚŝƚƵƚŝŽŶĂů /ŶǀĞƐƚŽƌ W> ZD ƌĞǁŝŶ ŽůƉŚŝŶ ,ŽůĚŝŶŐƐ W> Zt ĂƌĐůŽ W> Z dƵůůŽǁ Kŝů W> d>t ĞůůǁĂLJ W> tz &Θ ƐƐĞƚ DĂŶĂŐĞŵĞŶƚ W> & D ĂĞũĂŶ ,ŽůĚŝŶŐƐ W> : E dƌŝďĂů 'ƌŽƵƉ W> dZ h< DĂŝů 'ƌŽƵƉ W> h<D ^ŵŝƚŚ ; ^Ϳ W> ^D ^ ĞƌǁĞŶƚ >ŽŶĚŽŶ W> >E 'ƌĞĂƚ WŽƌƚůĂŶĚ ƐƚĂƚĞƐ W> 'WKZ ŽŽƚ ;,ĞŶƌLJͿ W> ,z ŽŶƐŽƌƚ DĞĚŝĐĂů W> ^Zd KdžĨŽƌĚ /ŶƐƚƌƵŵĞŶƚƐ W> Ky/' ^ƚĂŶĚĂƌĚ >ŝĨĞ /ŶǀĞƐƚŵĞŶƚƐ WƌŽƉĞƌƚLJ /ŶĐ dƌƵƐƚ >ƚĚ ^>/ ^ƚ :ĂŵĞƐΖƐ WůĂĐĞ W> ^d: tŝůŵŝŶŐƚŽŶ 'ƌŽƵƉ W> t/> yĂĂƌ W> y Z ^ŚĂĨƚĞƐďƵƌLJ W> ^, ,ĞůŝĐĂů Ăƌ W> ,> > 'ƌĂŝŶŐĞƌ W> 'Z/

/ŶĚĞdž &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ

^ĞĐƚŽƌ &ŝdžĞĚ >ŝŶĞ dĞůĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ dĞĐŚŶŽůŽŐLJ ,ĂƌĚǁĂƌĞ Θ ƋƵŝƉŵĞŶƚ ĞǀĞƌĂŐĞƐ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ĞƌŽƐƉĂĐĞ Θ ĞĨĞŶƐĞ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ DĞĚŝĂ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ &ŝdžĞĚ >ŝŶĞ dĞůĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ &ŽŽĚ WƌŽĚƵĐĞƌƐ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ 'ĞŶĞƌĂů /ŶĚƵƐƚƌŝĂůƐ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ WŚĂƌŵĂĐĞƵƚŝĐĂůƐ Θ ŝŽƚĞĐŚŶŽůŽŐLJ Kŝů ƋƵŝƉŵĞŶƚ͕ ^ĞƌǀŝĐĞƐ Θ ŝƐƚƌŝďƵƚŝŽŶ EŽŶůŝĨĞ /ŶƐƵƌĂŶĐĞ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ WĞƌƐŽŶĂů 'ŽŽĚƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ ŚĞŵŝĐĂůƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ /ŶĚƵƐƚƌŝĂů dƌĂŶƐƉŽƌƚĂƚŝŽŶ dĞĐŚŶŽůŽŐLJ ,ĂƌĚǁĂƌĞ Θ ƋƵŝƉŵĞŶƚ ůĞĐƚƌŽŶŝĐ Θ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚ dƌĂǀĞů Θ >ĞŝƐƵƌĞ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ >ŝĨĞ /ŶƐƵƌĂŶĐĞ ůƚĞƌŶĂƚŝǀĞ ŶĞƌŐLJ WŚĂƌŵĂĐĞƵƚŝĐĂůƐ Θ ŝŽƚĞĐŚŶŽůŽŐLJ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ &ŽŽĚ WƌŽĚƵĐĞƌƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ DĞĚŝĂ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ŚĞŵŝĐĂůƐ Kŝů Θ 'ĂƐ WƌŽĚƵĐĞƌƐ ,ŽƵƐĞŚŽůĚ 'ŽŽĚƐ Θ ,ŽŵĞ ŽŶƐƚƌƵĐƚŝŽŶ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ /ŶĚƵƐƚƌŝĂů dƌĂŶƐƉŽƌƚĂƚŝŽŶ 'ĞŶĞƌĂů /ŶĚƵƐƚƌŝĂůƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ ,ĞĂůƚŚ ĂƌĞ ƋƵŝƉŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ ůĞĐƚƌŽŶŝĐ Θ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ >ŝĨĞ /ŶƐƵƌĂŶĐĞ DĞĚŝĂ ůĞĐƚƌŽŶŝĐ Θ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ

^ŚĂƌĞ WƌŝĐĞ άϭϵ͘Ϭϯ άϬ͘ϴϳ άϵ͘ϯϱ άϲ͘ϭϬ άϭ͘ϳϳ άϭ͘ϵϳ άϭϭ͘ϴϳ άϭϭ͘ϳϯ άϭ͘ϭϳ άϴ͘ϴϳ άϯϲ͘ϵϱ άϯ͘ϴϯ άϭϲ͘ϲϴ άϮϳ͘ϭϱ άϭϰ͘ϵϱ άϲ͘ϭϱ άϲ͘ϰϵ άϬ͘ϴϰ άϭϯ͘Ϯϲ άϭϯ͘ϭϰ άϳ͘ϱϰ άϭϬ͘ϱϴ άϲϮ͘ϱϬ άϮϭ͘ϰϭ άϲ͘Ϯϱ άϯϮ͘ϯϭ άϰ͘ϰϱ άϯ͘ϳϬ άϯ͘Ϭϵ άϯ͘Ϯϰ άϳ͘ϲϲ άϭϵ͘ϳϬ άϲ͘ϳϱ άϮϰ͘ϲϳ άϮ͘ϭϱ άϮ͘ϴϰ άϳ͘ϬϮ άϲ͘ϳϰ άϮ͘ϰϵ άϯ͘ϰϰ άϭϳ͘ϴϱ άϭϯ͘Ϯϲ άϯ͘Ϭϱ άϭ͘ϲϱ άϳ͘ϵϭ άϭϱ͘ϱϰ άϭ͘Ϯϰ άϰϴ͘ϱϬ άϭ͘ϳϴ άϲ͘ϳϵ άϯ͘Ϯϵ άϮϰ͘ϵϬ άϲ͘Ϭϱ άϮ͘ϭϳ άϭϬ͘ϲϲ άϭϲ͘ϳϱ άϬ͘ϳϱ άϳ͘ϳϬ άϮ͘ϴϬ άϭϭ͘ϭϬ άϲ͘Ϯϯ άϯ͘ϰϳ άϮ͘ϭϯ

W ZĂƚŝŽ ϰϵ͘ϴ ϭϴ͘ϳ ϴϭ͘ϯ Ϯϲ͘Ϯ Ϯϰ͘Ϭ ϭϵ͘ϴ ϭϰ͘ϰ ϭϳ͘Ϭ Ϯϰ͘Ϭ ϭϵ͘ϱ ϭϳ͘ϱ ϭϳ͘ϭ Ϯϰ͘ϵ Ϯϴ͘Ϯ Ϯϯ͘ϴ ϭϰ͘ϭ ϭϲ͘ϳ Ϭ͘Ϭ ϭϲ͘ϱ ϯϱ͘ϲ ϭϲ͘ϳ ϮϬ͘Ϭ Ϯϭ͘ϰ ϰϬ͘ϴ ϭϵ͘ϰ ϮϮ͘ϴ ϯϭ͘ϯ ϭϰ͘ϳ ϭϳ͘ϲ Ϯϰ͘ϲ ϭϵ͘Ϭ ϭϳ͘Ϭ ϭϴ͘ϴ Ϯϰ͘Ϯ ϭϱ͘ϯ ϮϮ͘ϳ ϰϰ͘Ϯ Ϯϴ͘Ϭ ϭϮ͘ϳ ϱϭ͘ϯ ϭϵ͘ϰ Ϯϰ͘ϭ Ϯϯ͘ϴ Ϯϯ͘ϲ ϭϴ͘ϴ ϭϳ͘ϱ Ϯϰ͘ϰ ϴ͘ϴ ϮϬ͘ϰ Ϯϳ͘Ϯ Ϯϭ͘Ϭ ϱϵ͘ϳ ϲϰ͘ϭ ϯϬ͘Ϯ Ϯϳ͘ϱ ϯϵ͘ϭ Ϭ͘Ϭ ϯϵ͘Ϯ ϯϳ͘Ϯ ϱϲ͘ϰ Ϯϰ͘Ϯ ϲϵ͘ϰ ϭϰ͘ϵ

;sĂůƵĞͿ ŝǀ͘zŝĞůĚ ϭ͘ϲй Ϯ͘ϴй Ϭ͘ϱй ϭ͘ϲй ϯ͘Ϭй ϭ͘ϰй ϭ͘ϲй ϯ͘Ϯй ϯ͘Ϭй Ϯ͘ϲй ϭ͘Ϭй Ϯ͘ϱй Ϯ͘ϴй ϭ͘Ϯй ϭ͘ϭй Ϯ͘ϭй ϭ͘ϵй ϭ͘ϱй ϯ͘ϰй ϭ͘Ϯй Ϯ͘ϱй Ϯ͘ϰй ϭ͘ϳй ϭ͘Ϯй ϭ͘ϲй ϭ͘ϴй Ϯ͘Ϯй Ϯ͘ϲй Ϯ͘ϵй ϯ͘ϭй ϭ͘ϴй Ϯ͘ϭй Ϯ͘ϭй ϭ͘ϳй ϯ͘ϲй ϭ͘Ϭй Ϯ͘Ϭй ϭ͘ϴй ϭ͘ϵй ϭ͘ϱй Ϯ͘ϲй ϭ͘ϳй Ϯ͘ϴй ϭ͘ϱй ϭ͘ϱй ϭ͘ϵй Ϯ͘ϰй ϭ͘ϲй Ϭ͘ϳй Ϯ͘ϴй Ϯ͘ϰй ϭ͘ϯй ϭ͘ϰй Ϯ͘Ϯй ϭ͘ϴй Ϭ͘ϳй ϲ͘ϭй ϭ͘ϰй Ϯ͘ϱй Ϭ͘ϰй Ϯ͘Ϭй ϭ͘ϲй ϭ͘Ϭй

;sĂůƵĞͿ W ϭϬ ϵϭ͘ϯ ϭϱ͘ϱ ϭϵϮ͘ϯ ϰϭ͘ϭ ϭϱ͘ϱ ϭϯ͘Ϭ ϯϯ͘Ϯ ϭϵ͘ϴ ϭϳ͘ϳ Ϯϴ͘ϯ ϯϴ͘ϴ Ϯϭ͘ϱ Ϯϲ͘ϴ ϰϯ͘ϱ ϯϲ͘ϱ ϭϱ͘Ϯ Ϯϵ͘Ϭ ϮϬ͘ϱ ϮϬ͘ϯ ϰϮ͘Ϯ Ϯϴ͘ϰ ϯϬ͘ϯ ϯϯ͘ϲ ϱϴ͘ϰ Ϯϭ͘ϴ ϯϭ͘ϴ Ϯϳ͘Ϯ ϮϬ͘Ϯ ϭϵ͘ϯ Ϯϯ͘ϱ ϰϯ͘ϵ Ϯϴ͘ϳ Ϯϱ͘ϰ ϯϮ͘Ϯ ϮϬ͘ϳ ϰϭ͘ϵ ϰϰ͘ϵ ϯϰ͘ϵ ϮϮ͘ϭ Ϯϵ͘ϴ Ϯϵ͘Ϯ ϯϮ͘ϵ Ϯϵ͘ϵ ϮϬ͘ϯ ϯϵ͘Ϯ ϮϮ͘Ϭ ϯϭ͘ϯ Ϯϲ͘ϴ ϭϲ͘ϯ ϯϮ͘ϰ ϯϯ͘ϱ ϮϮ͘Ϯ ϭϴ͘ϳ Ϯϵ͘ϵ Ϯϲ͘ϭ ϴϬ͘ϵ ϭϭϰϬ͘ϯ ϱϱ͘ϭ ϯϵ͘Ϯ ϭϮϯ͘Ϭ ϯϰ͘Ϯ ϯϱ͘ϵ ϯϴϮϴ͘ϲ

;'ƌŽǁƚŚͿ ;'ƌŽǁƚŚͿ ZĂƚĞ YƵĂůŝƚLJ Ϯϱ͘ϱй ϵϬй Ͳϭ͘ϰй ϳϲй Ϯϭ͘ϳй ϵϯй ϴ͘ϱй ϵϴй ͲϭϬ͘ϯй ϲϵй ϰ͘ϴй ϳϰй ϭϬ͘ϱй ϵϬй ϯ͘Ϭй ϴϯй Ͳϭ͘ϴй ϳϲй ϲ͘ϵй ϴϯй ϭϯ͘ϵй ϵϬй ͲϮ͘Ϯй ϴϯй Ϯ͘ϱй ϴϲй ϵ͘ϱй ϵϴй ϭϭ͘Ϯй ϵϯй Ͳϭ͘ϰй ϳϰй ϳ͘Ϭй ϴϴй ͲϭϬ͘ϭй ϱϱй Ϭ͘ϰй ϳϵй ϭϭ͘Ϭй ϵϯй Ϯ͘ϱй ϵϬй ϴ͘Ϯй ϴϭй ϴ͘ϴй ϵϬй ϵ͘ϳй ϵϱй Ϭ͘ϴй ϴϯй ϭϭ͘ϭй ϴϯй ϳ͘ϰй ϴϭй Ϯ͘ϴй ϳϲй ϭ͘ϭй ϳϭй ͲϮ͘ϳй ϴϯй ϭϮ͘ϰй ϴϴй ϭϭ͘ϭй ϴϭй ϱ͘ϰй ϴϯй ϵ͘ϲй ϴϲй Ϭ͘ϰй ϳϲй ϴ͘ϲй ϵϯй ϱ͘ϳй ϵϯй ϳ͘ϲй ϴϲй ͲϬ͘ϯй ϳϵй ϲ͘Ϯй ϴϲй ϰ͘ϭй ϴϭй ϱ͘ϵй ϴϲй ϯ͘Ϭй ϳϵй ϱ͘ϯй ϳϵй ϭϰ͘ϲй ϴϭй Ͳϴ͘ϭй ϴϯй Ͳϭϭ͘ϰй ϱϳй Ϯ͘ϲй ϴϭй Ͳϴ͘ϳй ϳϰй ϯ͘ϯй ϳϰй ϯ͘ϳй ϴϭй Ϯ͘ϵй ϴϭй Ͳϳ͘ϰй ϳϰй Ͳϭ͘ϱй ϳϵй Ϭ͘ϵй ϲϳй ϭϲ͘ϵй ϳϰй Ͳϭϯ͘ϭй ϱϲй ϳ͘ϯй ϴϲй ϭ͘ϲй ϲϳй ϵ͘ϲй ϳϵй ͲϬ͘ϵй ϳϲй ͲϭϮ͘Ϭй ϳϰй Ͳϲ͘ϯй ϲϵй

Ğďƚ ZĂƚŝŽ Ϭ͘ϭ ϯ͘ϵ Ϭ͘Ϭ Ϭ͘ϴ Ϯ͘ϱ Ϯ͘ϵ ϭ͘ϳ Ϭ͘ϵ ϴ͘ϴ ϯ͘ϰ ϭ͘ϱ ϰ͘ϯ Ϭ͘Ϭ ϭ͘Ϯ ϴ͘ϯ ϭ͘ϱ Ϭ͘ϲ ϭϭ͘ϴ Ϭ͘Ϭ Ϯ͘Ϭ ϯ͘ϴ Ϯ͘Ϭ ϭ͘ϰ Ϭ͘ϳ Ϭ͘Ϭ Ϯ͘ϳ Ϭ͘ϭ Ϭ͘ϳ ϯ͘ϯ Ϯ͘ϵ Ϭ͘Ϭ Ϯ͘ϳ Ϭ͘Ϭ ϲ͘ϯ Ϭ͘ϭ Ϯ͘Ϭ ϰ͘ϱ ϰ͘ϭ ϯ͘ϱ ϭ͘Ϭ ϭ͘ϴ Ϭ͘Ϯ Ϭ͘ϭ ϯ͘Ϭ Ϯ͘ϱ Ϭ͘ϯ ϵ͘ϴ ϲ͘Ϭ ϭ͘Ϯ Ϭ͘ϭ ϲ͘ϱ ϰ͘ϳ ϰ͘ϯ ϭ͘ϳ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘Ϭ ϱ͘Ϭ Ϭ͘ϭ ϴ͘ϳ ϭϱ͘ϰ ϯϮϵϰ͘ϰ

ĂƌŶŝŶŐƐ WŽǁĞƌ ;ŵͿ άϯϬ άϮϴ άϭϮϲ άϯϰ άϯϭ άϯϴ άϭ͕Ϯϭϴ άϴϭ άϰϬ άϲϬϴ άϭϮ άϮ͕ϯϱϰ άϰϵ άϵϲϲ άϰϭ άϭϲ άϳϱ άϭϬ άϭϱϮ άϯϱ άϳϭ άϭϮϰ άϱϮϮ άϯϭ άϲϰ άϯϰϳ άϴϱ άϲϲϭ άϭϬϵ άϲϭ άϭϬ άϮϴϴ άϮϯ άϯϱϰ άϵϯϲ άϲ άϮϱ άϭϯ άϳϭ άϭϱ άϭϮ άϴϳ άϰϰ άϴ άϮϵϳ άϭϰϯ άϮϲ άϰϴ άϭϱ άϭϳ άϭϰϴ άϭϴϲ άϭϲϰ άϭϱ άϭϲ άϭϳ άϬ άϭϮϯ άϴ άϭϭ άϳϬ άϭϳ άϬ


^ƚŽĐŬ ^ĐƌĞĞŶ Ͳ ^ŽƌƚĞĚ ďLJ EĂŵĞ ŽůŽƵƌ ŬĞLJ͗ 'ƌĞĞŶ с ďĞƚƚĞƌ ƚŚĂŶ &d^ ϭϬϬ͕ >ŝŐŚƚ ZĞĚ с ǁŽƌƐĞ ƚŚĂŶ &d^ ϭϬϬ͕ ĂƌŬ ZĞĚ с Ğďƚ ƌĂƚŝŽ ƚŽŽ ŚŝŐŚ

ZĂŶŬ ϭϳϬ ϰϴ ϭϴ ϲϭ ϲϮ ϰϯ ϯϮ ϭϬϱ ϴϳ ϭϳϯ ϭϴϰ ϵ ϵϬ ϭϯϵ ϭϭϭ ϭϱϬ ϭϰ ϭϯ ϲϰ ϭϳϰ ϭϵϵ ϱϴ Ϯϭϲ ϭϲϲ ϯϭ ϲ ϭϮϳ ϭϴϳ ϮϮϰ ϳϯ ϭϲ ϭϱϵ Ϯϭϯ Ϯϭ ϭϲϰ ϭϴϲ ϰϬ ϰϵ ϭϴϮ ϵϳ ϭϮϮ ϭϰϰ ϱϳ Ϯϭϰ ϭϵ ϭϱϮ ϲϳ ϭϮϯ ϴ ϴϴ ϭϮ ϰϭ ϭϬϯ ϭϬϬ ϭϴϵ ϳϮ ϭϱϱ ϱϯ ϭϲϯ ϮϮϱ ϱϵ ϵϯ ϴϰ Ϯϭϴ ϭϭϲ ϭϮϬ ϱϬ ϭϬϳ ϮϬϳ ϮϮϮ ϭϯϳ ϳϰ ϮϬϭ ϭϴϱ ϭϬϲ ϭϬϰ ϲϴ ϭϰϵ ϮϭϮ Ϯϭϳ ϭϴϴ ϱϰ ϭϭϴ Ϯ ϭϯϴ

EĂŵĞ ϰŝŵƉƌŝŶƚ 'ƌŽƵƉ W> ďĞƌĚĞĞŶ ƐƐĞƚ DĂŶĂŐĞŵĞŶƚ W> ĚŵŝƌĂů 'ƌŽƵƉ W> ŐŐƌĞŬŽ W> D W> ŵůŝŶ W> ŶŐůŽ WĂĐŝĨŝĐ 'ƌŽƵƉ W> ŶŐůŽͲ ĂƐƚĞƌŶ WůĂŶƚĂƚŝŽŶƐ W> ŶƚŽĨĂŐĂƐƚĂ W> ZD ,ŽůĚŝŶŐƐ W> ƐƐŽĐŝĂƚĞĚ ƌŝƚŝƐŚ &ŽŽĚƐ W> ƐƚƌĂ ĞŶĞĐĂ W> ƚŬŝŶƐ ;t ^Ϳ W> ǀĞǀĂ 'ƌŽƵƉ W> ǀŝǀĂ W> ĂďĐŽĐŬ /ŶƚĞƌŶĂƚŝŽŶĂů 'ƌŽƵƉ W> ^LJƐƚĞŵƐ W> ĂůĨŽƵƌ ĞĂƚƚLJ W> ĂƌĐůĂLJƐ W> Ăƌƌ ; 'Ϳ W> ǀŝĂƚŝŽŶ W> ĞĂnjůĞLJ W> ĞůůǁĂLJ W> ĞƌĞŶĚƐĞŶ W> ' 'ƌŽƵƉ W> ,W ŝůůŝƚŽŶ W> ůŽŽŵƐďƵƌLJ WƵďůŝƐŚŝŶŐ W> ŽĚLJĐŽƚĞ W> ŽŽƚ ;,ĞŶƌLJͿ W> W W> ƌĂĞŵĂƌ ^ŚŝƉƉŝŶŐ ^ĞƌǀŝĐĞƐ W> ƌĂŵŵĞƌ W> ƌĞǁŝŶ ŽůƉŚŝŶ ,ŽůĚŝŶŐƐ W> ƌŝƚŝƐŚ ŵĞƌŝĐĂŶ dŽďĂĐĐŽ W> ƌŝƚŝƐŚ >ĂŶĚ Ž W> ƌŝƚŝƐŚ WŽůLJƚŚĞŶĞ /ŶĚƵƐƚƌŝĞƐ W> ƌŝƚŝƐŚ ^ŬLJ ƌŽĂĚĐĂƐƚŝŶŐ 'ƌŽƵƉ W> ƌŽǁŶ ;EͿ 'ƌŽƵƉ W> d 'ƌŽƵƉ W> ƵŶnjů W> ƵƌďĞƌƌLJ 'ƌŽƵƉ W> ĂďůĞ Θ tŝƌĞůĞƐƐ ŽŵŵƵŶŝĐĂƚŝŽŶƐ W> ĂƉŝƚĂ 'ƌŽƵƉ ;dŚĞͿ W> ĂƌĐůŽ W> ĂƌŝůůŝŽŶ W> ĂƌƌΖƐ DŝůůŝŶŐ /ŶĚƵƐƚƌŝĞƐ W> ĂƚůŝŶ 'ƌŽƵƉ >ƚĚ ĞŶƚĂƵƌ DĞĚŝĂ W> ĞŶƚƌŝĐĂ W> ŚĂƌůĞƐ dĂLJůŽƌ W> ŚĞŵƌŝŶŐ 'ƌŽƵƉ W> ŚĞƐŶĂƌĂ W> ŚŝŵĞ ŽŵŵƵŶŝĐĂƚŝŽŶƐ W> ůĂƌŬƐŽŶ W> ůŽƐĞ ƌŽƚŚĞƌƐ 'ƌŽƵƉ W> ŽďŚĂŵ W> ŽŵŵƵŶŝƐŝƐ W> ŽŵƉĂƐƐ 'ƌŽƵƉ W> ŽŵƉƵƚĂĐĞŶƚĞƌ W> ŽŶƐŽƌƚ DĞĚŝĐĂů W> ƌĂŶƐǁŝĐŬ W> Z, W> ƌŽĚĂ /ŶƚĞƌŶĂƚŝŽŶĂů W> ĂĞũĂŶ ,ŽůĚŝŶŐƐ W> ĂŝƌLJ ƌĞƐƚ 'ƌŽƵƉ W> ĂƌƚLJ W> W> Ğ >Ă ZƵĞ W> ĞĐŚƌĂ WŚĂƌŵĂĐĞƵƚŝĐĂůƐ W> ĞƌǁĞŶƚ >ŽŶĚŽŶ W> ĞǀƌŽ W> ŝĂŐĞŽ W> ŝĂůŝŐŚƚ W> ŝŐŶŝƚLJ W> ŝƉůŽŵĂ W> ŽŵŝŶŽ WƌŝŶƚŝŶŐ ^ĐŝĞŶĐĞƐ W> ŽŵŝŶŽΖƐ WŝnjnjĂ h< Θ /Z> W> ůĞĐƚƌŽĐŽŵƉŽŶĞŶƚƐ W> ƵƌŽŵŽŶĞLJ /ŶƐƚŝƚƵƚŝŽŶĂů /ŶǀĞƐƚŽƌ W> &Θ ƐƐĞƚ DĂŶĂŐĞŵĞŶƚ W> &Θ h< ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ >ƚĚ &ĞŶŶĞƌ W> &ŝĚĞƐƐĂ 'ƌŽƵƉ W> &ŝƌƐƚ'ƌŽƵƉ W> &ŝƐŚĞƌ ;:ĂŵĞƐͿ Θ ^ŽŶƐ W>

W/ &KhZ E D '< D D> W& W EdK ZD & E d< ss s͘ ͘ z Z ' tz Z^E '͘ >d Dz Kz ,z W͘ D^ Z D Zt d^ >E W/ ^z tE' d͘ E > Z z t W/ Z >>E ZD '> h E dZ ,' ^E ,t <E ' K D^ W' ^Zd t< Z, Z : E ' Zdz > Z W, >E sK ' / dz W>D EK KD D ZD & D & Z & EZ & ^ &'W &^:

/ŶĚĞdž ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ

^ĞĐƚŽƌ DĞĚŝĂ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ EŽŶůŝĨĞ /ŶƐƵƌĂŶĐĞ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ Kŝů ƋƵŝƉŵĞŶƚ͕ ^ĞƌǀŝĐĞƐ Θ ŝƐƚƌŝďƵƚŝŽŶ EŽŶůŝĨĞ /ŶƐƵƌĂŶĐĞ DŝŶŝŶŐ &ŽŽĚ WƌŽĚƵĐĞƌƐ DŝŶŝŶŐ dĞĐŚŶŽůŽŐLJ ,ĂƌĚǁĂƌĞ Θ ƋƵŝƉŵĞŶƚ &ŽŽĚ WƌŽĚƵĐĞƌƐ WŚĂƌŵĂĐĞƵƚŝĐĂůƐ Θ ŝŽƚĞĐŚŶŽůŽŐLJ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ^ŽĨƚǁĂƌĞ Θ ŽŵƉƵƚĞƌ ^ĞƌǀŝĐĞƐ >ŝĨĞ /ŶƐƵƌĂŶĐĞ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ĞƌŽƐƉĂĐĞ Θ ĞĨĞŶƐĞ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ ĂŶŬƐ ĞǀĞƌĂŐĞƐ /ŶĚƵƐƚƌŝĂů dƌĂŶƐƉŽƌƚĂƚŝŽŶ EŽŶůŝĨĞ /ŶƐƵƌĂŶĐĞ ,ŽƵƐĞŚŽůĚ 'ŽŽĚƐ Θ ,ŽŵĞ ŽŶƐƚƌƵĐƚŝŽŶ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ Kŝů Θ 'ĂƐ WƌŽĚƵĐĞƌƐ DŝŶŝŶŐ DĞĚŝĂ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ Kŝů Θ 'ĂƐ WƌŽĚƵĐĞƌƐ /ŶĚƵƐƚƌŝĂů dƌĂŶƐƉŽƌƚĂƚŝŽŶ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ dŽďĂĐĐŽ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ 'ĞŶĞƌĂů /ŶĚƵƐƚƌŝĂůƐ DĞĚŝĂ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ &ŝdžĞĚ >ŝŶĞ dĞůĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ WĞƌƐŽŶĂů 'ŽŽĚƐ &ŝdžĞĚ >ŝŶĞ dĞůĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ŚĞŵŝĐĂůƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ &ŽŽĚ WƌŽĚƵĐĞƌƐ EŽŶůŝĨĞ /ŶƐƵƌĂŶĐĞ DĞĚŝĂ 'ĂƐ͕ tĂƚĞƌ Θ DƵůƚŝƵƚŝůŝƚŝĞƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ĞƌŽƐƉĂĐĞ Θ ĞĨĞŶƐĞ >ŝĨĞ /ŶƐƵƌĂŶĐĞ DĞĚŝĂ /ŶĚƵƐƚƌŝĂů dƌĂŶƐƉŽƌƚĂƚŝŽŶ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ĞƌŽƐƉĂĐĞ Θ ĞĨĞŶƐĞ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ ^ŽĨƚǁĂƌĞ Θ ŽŵƉƵƚĞƌ ^ĞƌǀŝĐĞƐ ,ĞĂůƚŚ ĂƌĞ ƋƵŝƉŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ &ŽŽĚ WƌŽĚƵĐĞƌƐ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ ŚĞŵŝĐĂůƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ &ŽŽĚ WƌŽĚƵĐĞƌƐ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ WŚĂƌŵĂĐĞƵƚŝĐĂůƐ Θ ŝŽƚĞĐŚŶŽůŽŐLJ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ &ŽŽĚ WƌŽĚƵĐĞƌƐ ĞǀĞƌĂŐĞƐ ůĞĐƚƌŽŶŝĐ Θ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ůĞĐƚƌŽŶŝĐ Θ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚ dƌĂǀĞů Θ >ĞŝƐƵƌĞ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ DĞĚŝĂ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ ^ŽĨƚǁĂƌĞ Θ ŽŵƉƵƚĞƌ ^ĞƌǀŝĐĞƐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ /ŶĚƵƐƚƌŝĂů dƌĂŶƐƉŽƌƚĂƚŝŽŶ

^ŚĂƌĞ WƌŝĐĞ άϳ͘Ϯϰ άϯ͘ϵϭ άϭϰ͘ϰϱ άϭϱ͘ϰϲ άϭϬ͘ϯϬ άϰ͘ϭϴ άϭ͘ϴϱ άϲ͘ϲϲ άϴ͘ϱϭ άϵ͘ϯϱ άϮϳ͘ϭϱ άϯϴ͘ϱϵ άϭϯ͘ϲϭ άϮϭ͘ϱϬ άϰ͘ϰϱ άϭϯ͘ϵϬ άϰ͘Ϯϵ άϮ͘ϵϮ άϮ͘ϳϯ άϲ͘ϭϬ άϯ͘Ϭϵ άϮ͘ϱϲ άϭϱ͘ϱϰ άϵ͘Ϯϱ άϭϬ͘ϮϮ άϭϳ͘ϵϲ άϭ͘ϳϯ άϲ͘ϰϵ άϮ͘ϭϳ άϰ͘ϳϴ άϱ͘Ϭϰ άϰ͘ϱϴ άϯ͘Ϭϱ άϮϵ͘ϭϲ άϲ͘ϱϳ άϲ͘ϭϱ άϴ͘ϳϲ άϱ͘ϰϭ άϯ͘ϴϯ άϭϯ͘ϴϴ άϭϰ͘ϰϴ άϬ͘ϱϯ άϵ͘ϴϰ άϭ͘ϲϱ άϯ͘ϰϭ άϭϳ͘ϴϯ άϱ͘Ϯϴ άϬ͘ϲϳ άϯ͘ϭϭ άϮ͘ϴϳ άϮ͘ϰϭ άϯ͘ϰϱ άϯ͘ϰϳ άϮϬ͘Ϭϱ άϭϯ͘Ϯϲ άϮ͘ϵϰ άϬ͘ϳϬ άϵ͘ϭϭ άϲ͘ϰϲ άϭϬ͘ϲϲ άϭϯ͘Ϯϭ άϭϱ͘ϳϭ άϮϰ͘ϭϮ άϰϴ͘ϱϬ άϱ͘ϭϵ άϭ͘ϯϮ άϮϳ͘ϲϱ άϳ͘ϴϭ άϳ͘ϬϮ άϮϰ͘ϵϬ άϯ͘ϭϬ άϭϴ͘Ϭϭ άϳ͘ϲϲ άϭϰ͘ϵϱ άϲ͘ϵϱ άϳ͘ϵϲ άϱ͘Ϯϵ άϮ͘ϲϲ άϭϯ͘Ϯϲ άϭ͘Ϯϰ άϬ͘ϴϰ άϰ͘ϭϭ άϮϯ͘ϭϯ άϭ͘ϯϯ άϭϯ͘ϵϯ

W ZĂƚŝŽ ϯϭ͘ϭ ϭϯ͘ϵ ϭϱ͘Ϯ ϭϱ͘ϱ ϭϯ͘ϯ ϳ͘ϳ Ϯϵ͘Ϭ ϴ͘Ϭ ϴ͘ϴ ϴϭ͘ϯ Ϯϴ͘Ϯ ϭϬ͘ϳ ϭϰ͘ϲ Ϯϵ͘ϯ ϵ͘ϭ Ϯϯ͘ϭ ϭϮ͘ϵ ϭϬ͘ϴ ϲϮ͘ϱ Ϯϲ͘Ϯ ϭϳ͘ϲ ϭϬ͘ϭ ϭϳ͘ϱ ϮϮ͘ϭ ϭϬ͘Ϭ ϭϮ͘Ϯ ϭϱ͘ϴ ϭϲ͘ϳ ϯϬ͘Ϯ ϭϮ͘ϯ ϭϱ͘ϭ Ϯϭ͘ϴ Ϯϯ͘ϴ ϭϯ͘ϵ ϮϮ͘ϲ ϭϰ͘ϭ ϭϰ͘ϲ ϭϵ͘Ϭ ϭϳ͘ϭ ϮϮ͘ϲ ϭϴ͘ϱ Ϯϴ͘ϰ Ϯϯ͘ϯ Ϯϯ͘ϲ ϵ͘ϴ ϭϰ͘Ϯ ϭϭ͘Ϭ ϭϵ͘ϱ ϵ͘ϰ ϭϳ͘ϵ Ͳϵ͘ϴ ϭϮ͘ϭ ϲϴ͘ϲ Ϯϴ͘ϲ ϭϲ͘ϱ ϭϱ͘Ϭ ϭϮ͘ϰ ϭϵ͘ϰ ϭϲ͘ϱ Ϯϳ͘ϱ ϭϳ͘Ϭ Ϯϱ͘Ϯ ϭϴ͘ϳ ϴ͘ϴ ϭϭ͘ϯ ϯϭ͘Ϭ ϭϲ͘ϲ ϭϱ͘ϰ ϰϰ͘Ϯ ϱϵ͘ϳ ϭϱ͘ϳ ϭϳ͘Ϭ ϭϵ͘Ϭ Ϯϯ͘ϴ ϮϮ͘ϲ ϮϮ͘ϳ ϮϬ͘ϴ ϭϳ͘Ϭ Ϯϰ͘ϭ Ϯϰ͘ϰ Ϭ͘Ϭ ϭϲ͘ϵ Ϯϴ͘ϴ ϲ͘Ϯ Ϯϱ͘ϱ

;sĂůƵĞͿ ŝǀ͘zŝĞůĚ Ϯ͘ϭй ϰ͘ϭй ϲ͘ϯй ϭ͘ϱй ϯ͘ϱй ϱ͘ϳй ϱ͘ϱй Ϭ͘ϰй ϭ͘ϲй Ϭ͘ϱй ϭ͘Ϯй ϰ͘ϲй Ϯ͘ϰй ϭ͘Ϯй ϰ͘ϯй ϭ͘ϵй ϰ͘ϱй ϰ͘ϴй Ϯ͘Ϯй ϭ͘ϲй Ϯ͘ϵй ϯ͘Ϯй ϭ͘ϵй Ϯ͘ϴй ϭ͘ϲй ϰ͘Ϯй ϯ͘Ϯй ϭ͘ϵй Ϯ͘Ϯй ϰ͘ϲй ϱ͘Ϯй Ϯ͘ϭй Ϯ͘ϴй ϰ͘ϲй ϰ͘Ϭй Ϯ͘ϭй ϯ͘ϰй Ϯ͘ϱй Ϯ͘ϱй Ϯ͘Ϭй Ϯ͘Ϭй ϰ͘ϴй Ϯ͘ϰй ϭ͘ϱй ϱ͘ϭй ϭ͘ϴй ϱ͘ϲй ϯ͘ϲй ϱ͘ϯй ϯ͘ϱй ϯ͘Ϭй ϱ͘Ϭй Ϯ͘ϭй Ϯ͘ϱй ϯ͘ϰй ϯ͘Ϭй Ϯ͘ϰй Ϯ͘ϲй Ϯ͘ϳй ϭ͘ϴй Ϯ͘ϯй Ϯ͘ϴй Ϯ͘ϱй ϭ͘ϲй ϰ͘Ϭй Ϯ͘ϯй Ϯ͘ϰй ϱ͘ϰй Ϯ͘Ϭй ϭ͘ϯй Ϯ͘ϳй Ϯ͘ϲй ϭ͘ϴй ϭ͘ϭй Ϯ͘ϯй Ϯ͘ϳй Ϯ͘ϳй ϰ͘ϰй ϭ͘ϳй Ϯ͘ϰй ϭ͘ϱй Ϯ͘ϳй ϭ͘ϲй ϰ͘ϳй ϭ͘ϯй

;sĂůƵĞͿ W ϭϬ ϯϳ͘ϲ ϯϮ͘ϲ Ϯϱ͘ϭ ϯϬ͘ϱ Ϯϰ͘ϲ ϭϬ͘ϰ ϭϱ͘ϯ ϭϮ͘ϰ ϭϰ͘ϭ ϭϵϮ͘ϯ ϰϯ͘ϱ ϭϯ͘Ϭ ϭϵ͘ϯ ϰϱ͘ϵ ϭϭ͘Ϯ ϰϬ͘ϭ ϭϯ͘ϳ ϭϭ͘ϱ ϴ͘Ϯ ϰϭ͘ϭ ϭϵ͘ϯ ϭϱ͘ϯ ϮϮ͘Ϭ Ϯϴ͘ϱ ϭϰ͘ϵ ϭϮ͘ϰ ϭϰ͘ϴ Ϯϵ͘Ϭ Ϯϵ͘ϵ ϵ͘ϵ ϭϮ͘ϯ ϯϮ͘Ϯ Ϯϵ͘ϵ Ϯϭ͘Ϭ ϲ͘ϯ ϭϱ͘Ϯ Ϯϰ͘ϲ Ϯϲ͘Ϯ Ϯϭ͘ϱ ϯϬ͘ϵ ϯϱ͘ϱ ϭϵ͘ϲ ϯϮ͘ϲ ϮϬ͘ϯ ϭϮ͘ϳ Ϯϰ͘Ϭ ϭϮ͘ϰ ϭϰ͘ϳ ϭϰ͘Ϯ ϭϮ͘ϵ ϭϬ͘ϴ ϭϴ͘ϭ ϮϮ͘ϱ ϭϳ͘ϲ ϮϬ͘ϯ ϮϮ͘Ϯ ϭϬ͘ϳ ϯϯ͘ϭ Ϯϯ͘Ϯ Ϯϲ͘ϭ ϮϮ͘ϱ ϭϯ͘ϴ ϯϵ͘ϯ Ϯϲ͘ϴ ϭϯ͘ϭ ϭϬ͘Ϯ Ϯϭ͘ϯ ϭϳ͘ϭ ϰϰ͘ϵ ϮϮ͘Ϯ Ϯϱ͘ϲ Ϯϳ͘ϭ ϰϯ͘ϵ ϯϲ͘ϱ ϰϬ͘Ϯ Ϯϵ͘ϰ ϰϯ͘ϰ ϭϳ͘ϵ ϯϮ͘ϵ ϯϭ͘ϯ ϮϬ͘ϱ Ϯϯ͘Ϭ ϰϱ͘ϵ ϰ͘ϱ ϯϱ͘ϯ

;'ƌŽǁƚŚͿ ;'ƌŽǁƚŚͿ ZĂƚĞ YƵĂůŝƚLJ ϳ͘ϳй ϵϯй ϭϵ͘ϳй ϵϯй ϭϮ͘ϴй ϵϲй Ϯϲ͘ϱй ϭϬϬй ϭϰ͘ϴй ϴϴй Ϯ͘ϳй ϴϯй ϵ͘ϱй ϴϯй ϭϱ͘ϲй ϴϭй ϭϲ͘ϴй ϴϯй Ϯϭ͘ϳй ϵϯй ϵ͘ϱй ϵϴй ϭϯ͘ϲй ϵϬй ϵ͘Ϯй ϴϴй Ϯϳ͘ϭй ϵϱй ͲϮ͘ϲй ϳϯй Ϯϭ͘ϵй ϵϬй ϭϭ͘ϲй ϴϴй ϭϭ͘ϭй ϴϴй ͲϭϬ͘ϰй ϴϮй ϴ͘ϱй ϵϴй ϭ͘ϭй ϳϭй ϵ͘ϲй ϴϲй Ͳϴ͘ϭй ϴϯй ϱ͘ϯй ϴϴй ϭϰ͘ϳй ϵϯй ϭϴ͘ϯй ϵϬй ϭ͘Ϭй ϴϯй ϳ͘Ϭй ϴϴй Ͳϭ͘ϱй ϳϵй ͲϬ͘ϱй ϳϵй ϳ͘Ϯй ϴϴй ϭϭ͘ϯй ϵϬй ϯ͘Ϭй ϳϵй ϭϮ͘ϲй ϵϱй ͲϭϬ͘ϳй ϲϳй Ͳϭ͘ϰй ϳϰй ϭϬ͘ϴй ϵϴй ϭϭ͘ϵй ϵϱй ͲϮ͘Ϯй ϴϯй ϵ͘ϯй ϭϬϬй ϭϳ͘ϭй ϵϯй ϭ͘ϳй ϳϰй ϭϰ͘ϴй ϵϴй ϱ͘ϯй ϳϵй ϭϭ͘ϭй ϴϲй ϭϬ͘ϭй ϴϴй ϯ͘Ϯй ϴϬй Ͳϰ͘Ϭй ϴϭй ϭϬ͘ϰй ϵϯй Ͳϭ͘Ϭй ϴϭй ϭϰ͘ϰй ϴϲй ϰ͘Ϯй ϴϵй ϭϯ͘ϴй ϴϴй ϳ͘Ϯй ϴϲй Ϭ͘ϰй ϳϵй ϭϮ͘ϳй ϴϴй Ͳϵ͘ϱй ϲϵй ϭϰ͘ϳй ϵϴй ϵ͘ϯй ϴϯй Ϭ͘ϵй ϲϳй ϵ͘ϵй ϵϱй ϯ͘ϯй ϴϯй Ϯϰ͘ϯй ϵϴй Ϯ͘ϲй ϴϭй ϭ͘Ϭй ϳϰй ͲϭϬ͘ϲй ϳϭй ϭϯ͘ϴй ϴϴй ϱ͘ϱй ϳϲй ϱ͘ϳй ϵϯй Ϯ͘ϵй ϴϭй ϭϬ͘ϵй ϴϲй ϴ͘ϭй ϵϱй ϭϮ͘ϰй ϴϴй ϭϭ͘Ϯй ϵϯй ϭϲ͘ϭй ϵϱй ϭϭ͘ϯй ϵϬй Ϯϱ͘ϳй ϭϬϬй ϭ͘ϰй ϳϭй ϱ͘ϵй ϴϲй Ͳϭϭ͘ϰй ϱϳй ͲϭϬ͘ϭй ϱϱй ϭϮ͘ϲй ϵϬй Ϯϭ͘ϯй ϵϴй ϲ͘ϯй ϵϬй ϭϮ͘ϱй ϵϴй

Ğďƚ ZĂƚŝŽ Ϭ͘ϳ Ϭ͘Ϭ Ϭ͘Ϭ Ϯ͘ϯ Ϭ͘ϴ Ϭ͘Ϭ Ϭ͘Ϭ Ϭ͘ϰ ϭ͘Ϯ Ϭ͘Ϭ ϭ͘Ϯ Ϭ͘ϵ Ϭ͘ϵ Ϭ͘Ϭ Ϭ͘Ϭ ϯ͘ϭ ϭ͘ϳ Ϯ͘ϴ Ϭ͘Ϭ Ϭ͘ϴ ϯ͘ϯ Ϭ͘Ϭ Ϭ͘ϯ ϱ͘ϰ Ϯ͘Ϯ ϰ͘Ϯ Ϭ͘Ϭ Ϭ͘ϲ ϭ͘ϳ Ϯ͘ϭ Ϭ͘Ϭ ϭ͘ϴ Ϭ͘ϭ Ϯ͘ϭ ϭ͘ϲ ϭ͘ϱ Ϯ͘ϳ Ϯ͘Ϯ ϰ͘ϯ Ϯ͘ϴ Ϭ͘ϰ ϭϭ͘ϳ ϰ͘Ϭ ϯ͘Ϭ ϰ͘ϭ ϯ͘ϵ Ϭ͘Ϭ Ϯ͘Ϯ Ϯ͘ϲ Ϯ͘ϴ ϰ͘ϲ Ϭ͘Ϭ Ϭ͘ϱ Ϭ͘Ϭ Ϭ͘Ϭ Ϯ͘ϱ Ϯ͘ϰ Ϯ͘ϰ Ϭ͘ϯ Ϭ͘Ϭ Ϭ͘ϱ Ϯ͘ϵ ϭ͘ϲ ϲ͘Ϭ ϰ͘ϰ ϭ͘ϵ ϰ͘ϯ ϭ͘ϱ ϰ͘ϱ ϰ͘ϳ Ϭ͘ϵ ϯ͘Ϯ Ϭ͘Ϭ ϴ͘ϯ Ϭ͘Ϭ Ϭ͘ϲ ϭ͘Ϯ ϭ͘ϵ Ϭ͘Ϯ ϵ͘ϴ ϭϭ͘ϴ ϯ͘ϱ Ϭ͘Ϭ ϰ͘ϯ Ϯ͘ϭ

ĂƌŶŝŶŐƐ WŽǁĞƌ ;ŵͿ άϭϬ άϮϲϳ άϯϬϳ άϮϳϯ άϮϮϬ άϯϯϳ άϮϮ άϯϱ άϵϵϰ άϭϮϲ άϵϲϲ άϲ͕ϳϳϭ άϭϮϰ άϱϳ άϭ͕ϳϬϰ άϮϮϳ άϭ͕ϳϲϲ άϯϬϴ άϴ͕ϳϲϲ άϯϰ άϭϬϵ άϭϰϵ άϭϰϯ άϵϵ άϰ͕ϯϯϴ άϱ͕ϱϮϴ άϭϰ άϳϱ άϭϱ άϭϰ͕Ϭϲϴ άϭϲ άϯϬ άϰϰ άϰ͕ϵϵϰ άϭ͕ϯϵϰ άϭϲ άϭ͕Ϭϵϳ άϭϭϭ άϮ͕ϯϱϰ άϮϵϵ άϯϯϲ άϭϬϮ άϯϴϴ άϴ άϭϵϴ άϭϮ άϮϰϱ άϭϬ άϮ͕Ϭϲϵ άϭϱ άϳϰ άϯϵ άϮϳ άϯϳ άϭϱϮ άϮϱϮ άϭϳ άϵϲϰ άϲϰ άϭϲ άϱϱ άϭ͕ϯϵϮ άϭϲϯ άϰϴ άϴϬ άϵϴ άϭϵϭ άϲϵ άϮϱ άϭϴϲ άϯϱ άϯ͕ϭϳϱ άϭϬ άϰϭ άϯϳ άϱϱ άϰϬ άϵϯ άϴϳ άϮϲ άϭϬ άϲϯ άϯϳ άϲϰϱ άϯϵ


^ƚŽĐŬ ^ĐƌĞĞŶ Ͳ ^ŽƌƚĞĚ ďLJ EĂŵĞ ŽůŽƵƌ ŬĞLJ͗ 'ƌĞĞŶ с ďĞƚƚĞƌ ƚŚĂŶ &d^ ϭϬϬ͕ >ŝŐŚƚ ZĞĚ с ǁŽƌƐĞ ƚŚĂŶ &d^ ϭϬϬ͕ ĂƌŬ ZĞĚ с Ğďƚ ƌĂƚŝŽ ƚŽŽ ŚŝŐŚ

ZĂŶŬ ϭϱϯ ϭϮϲ ϯϯ ϭϳϴ ϭϵϬ ϱϮ ϵϱ ϭϴϭ Ϯϯϯ ϮϮϯ ϮϬϵ ϴϮ ϯϱ Ϯϴ ϭϮϰ ϭϰϭ ϭϲϵ ϳϳ ϮϯϮ ϯϳ Ϯϲ ϳϴ ϭϵϭ ϰϳ ϵϭ Ϯϰ ϴϭ ϮϮ ϭϮϭ ϮϬϮ ϯϲ ϭϯϮ ϭϭϱ ϱϱ ϲϯ ϭϵϮ ϱϲ ϭϵϲ ϭϮϱ ϭϲϮ ϭϲϬ ϭϵϴ ϳϱ ϮϬϬ ϭϱϰ ϭϳϲ ϮϬϱ ϭϲϴ ϭϳϮ ϴϲ ϳϭ ϳϬ ϭϳϱ ϲϬ ϲϱ ϴϱ ϯϴ ϭϵϳ ϭϰϮ ϭϳ ϱϭ ϰ ϭϭϯ ϯϬ ϭϭϳ ϭϵϯ ϭϰϯ ϮϮϲ ϭϲϱ ϭϭϬ ϵϮ Ϯϯ ϯ ϮϬϲ ϭϯϬ ϰϰ ϭϯϰ ϭϲϭ ϭϬϵ ϭϴϯ Ϯϳ ϭϴϬ ϭϱϭ ϵϴ ϭϰϲ

EĂŵĞ W/ &d^ ϭϬϬ &ƵůůĞƌ ^ŵŝƚŚ Θ dƵƌŶĞƌ W> &^d 'ϰ^ W> '&^ 'ĂůůŝĨŽƌĚ dƌLJ W> '&Z 'ĞŶƵƐ W> 'E^ 'ůĂdžŽ^ŵŝƚŚ<ůŝŶĞ W> '^< 'ŽͲ ŚĞĂĚ 'ƌŽƵƉ ;dŚĞͿ W> 'K' 'ŽŽĚǁŝŶ W> ' tE 'ƌĂŝŶŐĞƌ W> 'Z/ 'ƌĞĂƚ WŽƌƚůĂŶĚ ƐƚĂƚĞƐ W> 'WKZ 'ƌĞĞŶĐŽƌĞ 'ƌŽƵƉ W> 'E 'ƌĞĞŶĞ <ŝŶŐ W> 'E< 'ƌĞŐŐƐ W> 'Z' ,ĂůĨŽƌĚƐ 'ƌŽƵƉ W> ,& ,ĂůŵĂ W> ,>D ,ĂŵŵĞƌƐŽŶ W> ,D^K ,ĂLJƐ W> , ^ ,ĞĂĚůĂŵ 'ƌŽƵƉ W> , ,ĞůŝĐĂů Ăƌ W> ,> > ,ŝůů Θ ^ŵŝƚŚ ,ŽůĚŝŶŐƐ W> ,/>^ ,ŽŵĞƐĞƌǀĞ W> ,^s ,^ ,ŽůĚŝŶŐƐ W> ,^ ,ƵŶƚŝŶŐ W> ,d' ,ƵŶƚƐǁŽƌƚŚ W> ,Ed ,LJĚĞƌ ŽŶƐƵůƚŝŶŐ W> ,z / W W> / W /D/ W> /D/ /ŵƉĞƌŝĂů dŽďĂĐĐŽ 'ƌŽƵƉ W> /Dd /ŶĨŽƌŵĂ W> /E& /ŶƚĞƌ ŽŶƚŝŶĞŶƚĂů ,ŽƚĞůƐ 'ƌŽƵƉ W> /,' /ŶƚĞƌŵĞĚŝĂƚĞ ĂƉŝƚĂů 'ƌŽƵƉ W> / W /ŶƚĞƌƐĞƌǀĞ W> /Zs /ŶƚĞƌƚĞŬ 'ƌŽƵƉ W> /dZ< /ŶǀĞƐƚĞĐ W> /EsW /d 'ƌŽƵƉ W> /d :ĂƌĚŝŶĞ >ůŽLJĚ dŚŽŵƉƐŽŶ 'ƌŽƵƉ W> :>d : ^ƉŽƌƚƐ &ĂƐŚŝŽŶ W> : ͘ :ŽŚŶƐŽŶ DĂƚƚŚĞLJ W> :D d < KD 'ƌŽƵƉ W> < KD <ĞůůĞƌ 'ƌŽƵƉ W> <>Z <ŝĞƌ 'ƌŽƵƉ W> </ <ŝŶŐĨŝƐŚĞƌ W> <'& >ĂĚďƌŽŬĞƐ W> > >ĂŝƌĚ W> >Z >ĂŶĚ ^ĞĐƵƌŝƚŝĞƐ 'ƌŽƵƉ W> > E >ĂǀĞŶĚŽŶ 'ƌŽƵƉ W> >s >ĞŐĂů Θ 'ĞŶĞƌĂů 'ƌŽƵƉ W> >' E >ŽŶĚŽŶ ^ƚŽĐŬ džĐŚĂŶŐĞ 'ƌŽƵƉ W> >^ >Žǁ Θ ŽŶĂƌ W> >t DĂŶ 'ƌŽƵƉ W> D' DĂŶĂŐĞŵĞŶƚ ŽŶƐƵůƚŝŶŐ 'ƌŽƵƉ W> DD DĂƌŬƐ Θ ^ƉĞŶĐĞƌ 'ƌŽƵƉ W> D<^ DĂƌƐŚĂůůƐ W> D^>, DĂƌƐƚŽŶΖƐ W> D Z^ DĞĂƌƐ 'ƌŽƵƉ W> D Z DĞŐŐŝƚƚ W> D''d DĞŶnjŝĞƐ ;:ŽŚŶͿ W> DE ^ DŝĐŚĂĞů WĂŐĞ /ŶƚĞƌŶĂƚŝŽŶĂů W> DW/ DŝůůĞŶŶŝƵŵ Θ ŽƉƚŚŽƌŶĞ ,ŽƚĞůƐ W> D> D/d/ 'ƌŽƵƉ W> DdK DŽƌŐĂŶ ^ŝŶĚĂůů W> D'E^ DŽƌƌŝƐŽŶ ;tŵͿ ^ƵƉĞƌŵĂƌŬĞƚƐ W> DZt DƵĐŬůŽǁ ; Θ :Ϳ 'ƌŽƵƉ W> D<>t EĂƚŝŽŶĂů 'ƌŝĚ W> E'͘ E 'ƌŽƵƉ W> E EĞdžƚ W> Eyd KůĚ DƵƚƵĂů W> KD> KdžĨŽƌĚ /ŶƐƚƌƵŵĞŶƚƐ W> Ky/' WĂƌĂŐŽŶ 'ƌŽƵƉ ŽĨ ŽŵƉĂŶŝĞƐ ;dŚĞͿ W> W ' WĂLJWŽŝŶƚ W> W z WĞĂƌƐŽŶ W> W^KE WĞŶŶŽŶ 'ƌŽƵƉ W> WEE WŚŽĞŶŝdž /d 'ƌŽƵƉ W> WEy WŽƌǀĂŝƌ W> WZs WƌĞŵŝĞƌ &ĂƌŶĞůů W> W&> WƌŝŵĂƌLJ ,ĞĂůƚŚ WƌŽƉĞƌƚŝĞƐ W> W,W WƌŽǀŝĚĞŶƚ &ŝŶĂŶĐŝĂů W> W&' WƌƵĚĞŶƚŝĂů W> WZh W ƵƐƐŽŶƐ W> W ZĂƚŚďŽŶĞ ƌŽƚŚĞƌƐ W> Z d ZĞĐŬŝƚƚ ĞŶĐŬŝƐĞƌ 'ƌŽƵƉ W> Z ͘ ZĞĞĚ ůƐĞǀŝĞƌ W> Z > ZĞŶŝƐŚĂǁ W> Z^t ZĞƐƚĂƵƌĂŶƚ 'ƌŽƵƉ ;dŚĞͿ W> ZdE ZĞdžĂŵ W> Z y

/ŶĚĞdž

^ĞĐƚŽƌ

^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ

dƌĂǀĞů Θ >ĞŝƐƵƌĞ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ WŚĂƌŵĂĐĞƵƚŝĐĂůƐ Θ ŝŽƚĞĐŚŶŽůŽŐLJ WŚĂƌŵĂĐĞƵƚŝĐĂůƐ Θ ŝŽƚĞĐŚŶŽůŽŐLJ dƌĂǀĞů Θ >ĞŝƐƵƌĞ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ &ŽŽĚ WƌŽĚƵĐĞƌƐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ &ŽŽĚ Θ ƌƵŐ ZĞƚĂŝůĞƌƐ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ ůĞĐƚƌŽŶŝĐ Θ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ,ŽƵƐĞŚŽůĚ 'ŽŽĚƐ Θ ,ŽŵĞ ŽŶƐƚƌƵĐƚŝŽŶ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ĂŶŬƐ Kŝů ƋƵŝƉŵĞŶƚ͕ ^ĞƌǀŝĐĞƐ Θ ŝƐƚƌŝďƵƚŝŽŶ DĞĚŝĂ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ dŽďĂĐĐŽ DĞĚŝĂ dƌĂǀĞů Θ >ĞŝƐƵƌĞ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ DĞĚŝĂ EŽŶůŝĨĞ /ŶƐƵƌĂŶĐĞ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ ŚĞŵŝĐĂůƐ &ŝdžĞĚ >ŝŶĞ dĞůĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ dĞĐŚŶŽůŽŐLJ ,ĂƌĚǁĂƌĞ Θ ƋƵŝƉŵĞŶƚ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ >ŝĨĞ /ŶƐƵƌĂŶĐĞ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ĞƌŽƐƉĂĐĞ Θ ĞĨĞŶƐĞ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ŽŶƐƚƌƵĐƚŝŽŶ Θ DĂƚĞƌŝĂůƐ &ŽŽĚ Θ ƌƵŐ ZĞƚĂŝůĞƌƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ 'ĂƐ͕ tĂƚĞƌ Θ DƵůƚŝƵƚŝůŝƚŝĞƐ ^ŽĨƚǁĂƌĞ Θ ŽŵƉƵƚĞƌ ^ĞƌǀŝĐĞƐ 'ĞŶĞƌĂů ZĞƚĂŝůĞƌƐ >ŝĨĞ /ŶƐƵƌĂŶĐĞ ůĞĐƚƌŽŶŝĐ Θ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ DĞĚŝĂ 'ĂƐ͕ tĂƚĞƌ Θ DƵůƚŝƵƚŝůŝƚŝĞƐ ^ŽĨƚǁĂƌĞ Θ ŽŵƉƵƚĞƌ ^ĞƌǀŝĐĞƐ ůƚĞƌŶĂƚŝǀĞ ŶĞƌŐLJ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ >ŝĨĞ /ŶƐƵƌĂŶĐĞ WĞƌƐŽŶĂů 'ŽŽĚƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ,ŽƵƐĞŚŽůĚ 'ŽŽĚƐ Θ ,ŽŵĞ ŽŶƐƚƌƵĐƚŝŽŶ DĞĚŝĂ ůĞĐƚƌŽŶŝĐ Θ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚ dƌĂǀĞů Θ >ĞŝƐƵƌĞ 'ĞŶĞƌĂů /ŶĚƵƐƚƌŝĂůƐ

^ŚĂƌĞ WƌŝĐĞ ϲ͕ϱϭϬ άϵ͘ϲϴ άϮ͘ϯϵ άϭϭ͘ϳϯ άϭϯ͘ϭϰ άϭϱ͘ϲϰ άϭϵ͘ϳϳ άϯϲ͘ϵϱ άϮ͘ϭϯ άϲ͘Ϭϱ άϮ͘ϰϵ άϴ͘ϱϴ άϱ͘Ϭϲ άϰ͘ϱϵ άϱ͘ϵϵ άϱ͘Ϯϲ άϭ͘ϯϯ άϰ͘ϲϰ άϯ͘ϰϳ άϱ͘ϰϯ άϯ͘Ϯϴ άϲ͘Ϯϳ άϳ͘ϱϰ άϬ͘ϳϭ άϲ͘ϰϴ άϯ͘ϴϳ άϭϰ͘ϵϳ άϮϮ͘Ϯϯ άϱ͘ϭϳ άϭϵ͘ϳϬ άϰ͘ϭϰ άϲ͘ϭϬ άϮϴ͘ϯϮ άϯ͘ϵϮ άϮ͘ϳϯ άϭϬ͘ϱϴ άϭϲ͘ϭϰ άϯϮ͘ϯϭ άϬ͘ϵϵ άϭϭ͘ϴϰ άϭϴ͘ϴϭ άϯ͘ϳϬ άϭ͘ϱϬ άϯ͘Ϯϰ άϭϬ͘Ϯϵ άϭ͘ϵϳ άϮ͘ϭϱ άϭϴ͘ϰϬ άϬ͘ϴϳ άϬ͘ϴϮ άϬ͘Ϯϲ άϰ͘ϳϭ άϭ͘ϳϳ άϭ͘ϱϬ άϰ͘ϳϵ άϱ͘ϭϲ άϲ͘ϴϱ άϰ͘ϰϱ άϱ͘ϲϲ άϯ͘ϭϵ άϳ͘ϵϴ άϮ͘ϰϬ άϰ͘ϳϭ άϳ͘ϴϵ άϮ͘ϬϬ άϲϮ͘ϱϬ άϭ͘ϳϯ άϭϲ͘ϳϱ άϯ͘ϱϭ άϭϬ͘ϵϵ άϭϭ͘ϭϮ άϲ͘ϴϴ άϭ͘ϭϰ άϮ͘ϴϰ άϮ͘ϭϴ άϯ͘ϱϳ άϭϲ͘ϯϮ άϭϮ͘Ϯϴ άϯ͘ϲϮ άϭϲ͘ϲϴ άϰϱ͘ϲϯ άϴ͘ϴϳ άϭϴ͘ϴϱ άϲ͘ϭϮ άϰ͘ϵϯ

W ZĂƚŝŽ ϭϯ͘ϴ ϮϮ͘ϭ ϭϮ͘Ϭ ϭϳ͘Ϭ ϯϱ͘ϲ ϭϳ͘Ϯ ϭϱ͘ϵ ϭϳ͘ϱ ϭϰ͘ϵ ϲϰ͘ϭ ϭϮ͘ϳ ϭϲ͘ϴ ϭϯ͘ϵ ϭϲ͘Ϯ Ϯϲ͘Ϭ ϵϯ͘ϴ Ϯϱ͘ϵ ϭϴ͘ϯ ϲϵ͘ϰ ϭϱ͘ϱ ϭϲ͘ϭ ϭϮ͘ϳ ϭϲ͘ϳ ϭϭ͘ϳ ϭϯ͘ϴ ϭϰ͘ϭ ϭϴ͘ϯ ϭϭ͘ϲ ϭϱ͘Ϭ ϭϳ͘Ϭ ϭϮ͘ϳ ϭϴ͘ϴ Ϯϯ͘ϱ ϭϭ͘ϱ ϭϵ͘ϲ ϮϬ͘Ϭ ϭϳ͘ϴ ϮϮ͘ϴ ϭϮ͘Ϭ Ϯϭ͘ϴ ϭϴ͘ϯ ϭϰ͘ϳ ϳ͘ϭ Ϯϰ͘ϲ Ϯϱ͘ϱ ϭϵ͘ϴ ϭϱ͘ϯ Ϯϰ͘ϰ ϭϴ͘ϳ Ͳϱ͘Ϯ ϴ͘Ϭ ϭϱ͘ϵ Ϯϰ͘Ϭ ϭϭ͘ϭ ϮϬ͘ϭ ϭϱ͘ϵ ϭϬ͘ϭ ϯϭ͘ϯ ϭϱ͘Ϭ ϭϰ͘ϱ ϭϬ͘ϵ ϵ͘ϰ ϮϬ͘ϵ ϭϮ͘ϵ Ϯϴ͘Ϯ Ϯϭ͘ϰ ϭϯ͘ϰ ϯϵ͘ϭ ϭϬ͘ϴ Ϯϰ͘Ϯ Ϯϭ͘ϴ ϭϮ͘ϰ ϳ͘ϴ ϮϮ͘ϳ ϭϰ͘ϰ ϭϴϯ͘ϭ ϭϱ͘Ϭ ϭϯ͘ϴ Ϯϭ͘ϰ Ϯϰ͘ϵ ϭϴ͘ϰ ϭϵ͘ϱ ϭϵ͘ϵ Ϯϱ͘ϭ ϭϰ͘ϱ

;sĂůƵĞͿ ŝǀ͘zŝĞůĚ ϯ͘ϲй ϭ͘ϰй ϯ͘ϴй ϯ͘Ϯй ϭ͘Ϯй ϰ͘ϳй ϰ͘ϭй ϭ͘Ϭй ϭ͘Ϭй ϭ͘ϰй ϭ͘ϵй ϯ͘ϭй ϯ͘ϵй ϯ͘ϳй ϭ͘ϳй ϯ͘ϭй ϭ͘ϵй ϯ͘Ϯй ϭ͘ϲй Ϯ͘ϴй ϯ͘ϰй ϰ͘ϱй Ϯ͘ϱй ϱ͘Ϭй ϭ͘ϵй ϱ͘ϳй Ϯ͘Ϯй ϱ͘Ϯй ϯ͘ϲй Ϯ͘ϭй ϰ͘ϴй ϯ͘ϰй ϭ͘ϰй ϰ͘ϲй Ϯ͘ϲй Ϯ͘ϰй ϭ͘ϲй ϭ͘ϴй ϰ͘ϱй ϭ͘ϵй ϯ͘ϲй Ϯ͘ϲй ϲ͘Ϭй ϯ͘ϭй Ϯ͘ϵй ϭ͘ϰй ϯ͘ϲй ϭ͘ϲй Ϯ͘ϴй ϭϳ͘ϲй ϯ͘Ϯй ϯ͘ϲй ϯ͘Ϭй ϰ͘ϯй ϭ͘ϳй Ϯ͘ϯй ϯ͘ϳй Ϯ͘Ϯй Ϯ͘ϰй ϯ͘Ϯй ϯ͘ϰй ϰ͘ϵй ϰ͘Ϯй ϱ͘Ϯй ϭ͘ϲй ϭ͘ϳй ϰ͘ϭй Ϭ͘ϳй Ϯ͘ϭй Ϯ͘ϴй ϰ͘Ϭй ϰ͘ϭй ϲ͘ϳй ϭ͘Ϭй ϰ͘ϴй ϱ͘ϯй ϰ͘ϳй Ϯ͘ϰй Ϯ͘Ϭй Ϯ͘ϴй Ϯ͘ϵй Ϯ͘ϲй Ϯ͘ϭй ϭ͘ϵй ϯ͘ϭй

;sĂůƵĞͿ W ϭϬ ϭϯ͘ϴ ϯϭ͘ϴ ϭϳ͘ϴ ϭϵ͘ϴ ϰϮ͘Ϯ ϭϳ͘ϰ ϭϯ͘ϵ ϯϴ͘ϴ ϯϴϮϴ͘ϲ ϭϴ͘ϳ ϮϮ͘ϭ ϭϳ͘ϰ ϭϱ͘ϳ ϭϰ͘ϲ ϯϵ͘Ϭ ϳ͘Ϯ ϭϴ͘ϯ ϭϲ͘Ϭ ϯϱ͘ϵ ϭϵ͘ϰ ϭϴ͘ϳ ϭϬ͘ϴ Ϯϴ͘ϰ ϳ͘ϲ ϮϬ͘ϯ ϭϰ͘ϯ Ϯϵ͘ϳ ϭϲ͘ϭ Ϯϭ͘ϴ Ϯϴ͘ϳ ϵ͘ϰ Ϯϭ͘ϱ ϰϮ͘Ϯ ϵ͘ϴ Ϯϲ͘Ϯ ϯϬ͘ϯ Ϯϭ͘ϵ ϯϭ͘ϴ ϭϳ͘ϯ ϭϵ͘ϯ ϭϴ͘Ϯ ϮϬ͘Ϯ ϲ͘ϯ Ϯϯ͘ϱ ϵ͘ϯ ϭϯ͘Ϭ ϮϬ͘ϳ ϯϮ͘ϲ ϭϱ͘ϱ ϰ͘ϯ ϱ͘ϯ ϭϯ͘ϵ ϭϱ͘ϱ ϭϬ͘Ϭ Ϯϴ͘ϰ Ϯϱ͘ϴ ϭϱ͘ϭ Ϯϳ͘Ϯ ϭϴ͘ϳ ϮϬ͘ϭ ϭϬ͘Ϯ ϭϰ͘ϳ ϭϲ͘ϱ ϭϱ͘Ϭ ϰϴ͘ϳ ϯϯ͘ϲ ϭϮ͘ϰ ϴϬ͘ϵ ϱ͘ϯ ϯϰ͘ϱ Ϯϯ͘ϯ ϮϬ͘ϯ ϰ͘ϵ ϰϭ͘ϵ ϭϲ͘ϱ ϭϰ͘ϵ Ϯϯ͘ϰ Ϯϵ͘ϯ Ϯϴ͘Ϯ Ϯϲ͘ϴ Ϯϴ͘ϭ Ϯϴ͘ϯ ϯϲ͘ϯ ϯϲ͘ϴ ϭϲ͘ϭ

;'ƌŽǁƚŚͿ ;'ƌŽǁƚŚͿ ZĂƚĞ YƵĂůŝƚLJ Ϯ͘ϭй ϳϰй ϭϬ͘ϱй ϵϴй ϭϮ͘Ϯй ϴϴй ϯ͘Ϭй ϴϯй ϭϭ͘Ϭй ϵϯй ϯ͘ϵй ϴϴй ϱ͘ϭй ϳϲй ϭϯ͘ϵй ϵϬй Ͳϲ͘ϯй ϲϵй Ͳϳ͘ϰй ϳϰй ͲϬ͘ϯй ϳϵй ϱ͘ϱй ϴϴй ϲ͘ϳй ϵϬй ϲ͘ϭй ϴϴй ϵ͘ϴй ϭϬϬй Ͳϲ͘ϭй ϳϲй Ϭ͘Ϯй ϳϵй ͲϮ͘ϰй ϴϴй ͲϭϮ͘Ϭй ϳϰй ϭϭ͘ϯй ϵϯй ϭϮ͘ϳй ϵϯй Ͳϭ͘Ϭй ϳϵй Ϯ͘ϱй ϵϬй ϱ͘ϭй ϴϭй ϮϮ͘ϳй ϴϴй ϭϬ͘ϰй ϴϲй ϭϬ͘ϵй ϵϴй ϭϮ͘ϱй ϴϴй ϳ͘ϲй ϴϲй ϭϭ͘ϭй ϴϭй ͲϮ͘ϯй ϴϳй ϲ͘Ϯй ϴϯй ϭϴ͘ϴй ϭϬϬй Ͳϭ͘ϭй ϴϮй ϭϭ͘Ϭй ϵϯй ϴ͘Ϯй ϴϭй ϮϬ͘ϴй ϵϯй ϭϭ͘ϭй ϴϯй ϴ͘ϯй ϳϵй ϱ͘ϳй ϴϲй ϰ͘ϳй ϳϵй Ϯ͘ϴй ϳϲй Ͳϰ͘ϭй ϳϲй ͲϮ͘ϳй ϴϯй Ͳϭϱ͘Ϭй ϳϭй ϰ͘ϴй ϳϰй Ϭ͘ϰй ϳϲй ϭϯ͘ϴй ϴϴй Ͳϭ͘ϰй ϳϲй Ͳϴ͘ϭй ϳϭй ϭ͘ϱй ϴϭй Ϯ͘ϴй ϴϯй ͲϭϬ͘ϯй ϲϵй Ͳϭ͘Ϯй ϴϭй ϭϲ͘ϯй ϵϴй ϭϭ͘ϲй ϵϬй ϰ͘ϰй ϵϯй ϳ͘ϰй ϴϭй ϵ͘ϭй ϴϯй ϭϯ͘Ϯй ϵϴй ϲ͘ϭй ϳϲй ϭϳ͘ϯй ϵϯй Ϭ͘ϲй ϴϯй ϳ͘ϱй ϴϲй Ϯϯ͘ϵй ϭϬϬй ϴ͘ϴй ϵϬй Ͳϰ͘ϯй ϳϵй ϭϲ͘ϵй ϳϰй Ͳϭϯ͘ϰй ϳϱй ϭϮ͘ϯй ϵϯй ϲ͘ϳй ϴϴй ϭϬ͘ϵй ϵϱй ϭϭ͘ϯй ϴϲй ϴ͘ϲй ϵϯй ϰ͘ϴй ϲϳй ϱ͘ϳй ϴϯй ϰ͘Ϯй ϴϯй ϲ͘ϲй ϵϬй ϭϬ͘ϯй ϵϯй Ϯ͘ϱй ϴϲй ϭϳ͘Ϭй ϭϬϬй ϲ͘ϵй ϴϯй ϭϮ͘ϵй ϵϬй ϭϯ͘ϯй ϭϬϬй Ϭ͘ϵй ϴϭй

Ğďƚ ZĂƚŝŽ

ĂƌŶŝŶŐƐ WŽǁĞƌ ;ŵͿ

ϳ͘Ϯ ϲ͘ϳ Ϭ͘ϵ Ϯ͘Ϭ Ϯ͘ϰ ϯ͘ϲ ϭ͘ϱ ϯϮϵϰ͘ϰ ϰ͘ϯ ϯ͘ϱ ϳ͘ϴ Ϭ͘Ϭ ϭ͘ϭ ϭ͘ϰ Ϯ͘ϲ Ϭ͘ϵ Ϭ͘ϴ ϭϱ͘ϰ Ϯ͘ϰ ϭ͘Ϯ Ϭ͘Ϭ ϯ͘ϴ ϭ͘ϱ Ϭ͘ϰ ϭ͘ϵ Ϭ͘ϴ ϰ͘ϴ ϯ͘ϰ Ϯ͘ϳ ϯ͘ϴ Ϭ͘ϴ ϯ͘ϯ Ϭ͘Ϭ Ϭ͘ϰ Ϯ͘Ϭ Ϭ͘ϭ Ϯ͘ϳ Ϯ͘Ϯ ϭ͘ϰ ϭ͘Ϯ Ϭ͘ϳ ϭ͘ϯ Ϯ͘ϵ ϯ͘Ϭ Ϯ͘ϵ Ϭ͘ϭ ϯ͘Ϭ ϯ͘ϵ ϭ͘ϭ ϭ͘Ϯ Ϯ͘ϱ Ϯ͘ϱ ϴ͘ϴ Ϯ͘Ϯ Ϯ͘ϲ Ϯ͘ϱ Ϭ͘ϭ Ϯ͘Ϯ Ϯ͘ϱ Ϭ͘ϭ ϯ͘ϰ Ϯ͘ϲ ϴ͘ϰ ϭ͘ϴ ϭ͘ϰ Ϭ͘Ϭ Ϭ͘Ϭ ϯϭ͘ϭ Ϭ͘Ϭ ϯ͘ϯ ϭϭ͘Ϭ Ϯ͘ϵ Ϯ͘Ϭ ϰ͘ϱ ϵ͘ϭ ϳ͘ϰ Ϭ͘Ϭ ϭ͘Ϭ Ϭ͘Ϭ ϭ͘ϰ ϯ͘ϰ Ϭ͘Ϭ Ϭ͘ϴ ϱ͘ϳ

άϭϵ άϯϲϳ άϴϭ άϯϱ άϳ͕ϳϬϳ άϵϯ άϭϮ άϬ άϭϲϰ άϳϭ άϭϴϵ άϱϵ άϭϭϬ άϭϭϲ άϳϵϱ άϭϲϭ άϰϯ άϭϳ άϰϬ άϭϬϳ άϭϳ͕ϭϴϴ άϳϭ άϰϴ άϮϮ άϯϬϭ άϯϬϱ άϮ͕ϯϰϮ άϮϰϲ άϮϴϴ άϯϬϵ άϲϭ άϮϭϲ άϰϬϭ άϰϴ άϭϮϰ άϲϲ άϯϰϳ άϰϲ άϳϱ άϵϬ άϲϲϭ άϯϯϬ άϲϭ άϭ͕Ϯϰϴ άϯϴ άϵϯϲ άϮϳϬ άϮϴ άϰϵϰ άϯϵ άϵϭϭ άϯϭ άϭϰϳ άϯϯ άϮϴϴ άϱϭ άϴϱ άϭϲϯ άϭϭϰ άϱϮ άϳϬϳ άϮϵ άϯ͕ϯϲϮ άϭϳ άϱϮϮ άϭ͕Ϭϳϯ άϭϳ άϯϬϮ άϰϬ άϲϴϵ άϮϯϵ άϯϬ άϲ άϲϱ άϰϰ άϭϲϯ άϭ͕ϵϯϵ άϭϬϮ άϰϵ άϮ͕ϯϯϵ άϲϬϴ άϲϴ άϲϳ άϯϵϮ


^ƚŽĐŬ ^ĐƌĞĞŶ Ͳ ^ŽƌƚĞĚ ďLJ EĂŵĞ ŽůŽƵƌ ŬĞLJ͗ 'ƌĞĞŶ с ďĞƚƚĞƌ ƚŚĂŶ &d^ ϭϬϬ͕ >ŝŐŚƚ ZĞĚ с ǁŽƌƐĞ ƚŚĂŶ &d^ ϭϬϬ͕ ĂƌŬ ZĞĚ с Ğďƚ ƌĂƚŝŽ ƚŽŽ ŚŝŐŚ

ZĂŶŬ ϮϬϯ ϮϬ ϮϭϬ ϭϳϳ ϴϵ ϰϮ ϭϯϲ ϭϯϭ ϯϵ Ϯϭϭ ϳϲ ϲϵ ϭϬ ϭϵϱ ϭϲϳ ϮϬϰ ϵϲ ϭϯϯ Ϯϱ ϭϭϮ Ϯϯϭ ϭϳϵ ϭϭϵ ϮϮϭ ϭϱϳ Ϯϵ ϭϭϰ ϭϬϮ ϵϰ ϳ ϭϰϬ ϮϮϴ ϰϲ ϰϱ ϮϮϳ ϭϬϴ ϭϰϳ ϭϰϴ ϭϵϰ ϭϳϭ ϱ ϭϱϴ Ϯϭϵ ϭϭ Ϯϭϱ ϮϮϬ ϭϯϱ ϭϬϭ ϭϮϵ ϭϱϲ ϭ ϴϬ ϳϵ ϭϱ ϮϬϴ ϴϯ ϭϰϱ ϲϲ ϮϮϵ ϯϰ ϭϮϴ ϵϵ ϮϯϬ

EĂŵĞ W/ ZŝĐĂƌĚŽ W> Z K ZŝŽ dŝŶƚŽ W> Z/K ZŽďĞƌƚ tĂůƚĞƌƐ W> Zt ZŽůůƐͲZŽLJĐĞ 'ƌŽƵƉ W> ZZ͘ ZŽƚŽƌŬ W> ZKZ ZŽLJĂů ƵƚĐŚ ^ŚĞůů W> Z ^ ZW 'ƌŽƵƉ W> ZW ZW^ 'ƌŽƵƉ W> ZW^ Z^ /ŶƐƵƌĂŶĐĞ 'ƌŽƵƉ W> Z^ ^ Θ h W> ^h^ ^ DŝůůĞƌ W> ^ ^ĂŐĞ 'ƌŽƵƉ ;dŚĞͿ W> ^' ^ĂŝŶƐďƵƌLJ ;:Ϳ W> ^ Zz ^ĂǀŝůůƐ W> ^s^ ^ĐŚƌŽĚĞƌ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚ >ƚĚ ^Z / ^ĐŚƌŽĚĞƌƐ W> ^ Z ^ĞŐƌŽ W> ^'ZK ^ĞŶŝŽƌ W> ^EZ ^ĞƌĐŽ 'ƌŽƵƉ W> ^ZW ^ĞǀĞƌŶ dƌĞŶƚ W> ^sd ^ŚĂĨƚĞƐďƵƌLJ W> ^, ^ŚĂŶŬƐ 'ƌŽƵƉ W> ^<^ ^ŵŝƚŚ Θ EĞƉŚĞǁ W> ^E͘ ^ŵŝƚŚ ; ^Ϳ W> ^D ^ ^ŵŝƚŚƐ 'ƌŽƵƉ W> ^D/E ^ŵŝƚŚƐ EĞǁƐ W> Et^ ^ƉĞĐƚƌŝƐ W> ^y^ ^ƉĞĞĚLJ ,ŝƌĞ W> ^ z ^ƉŝƌĂdžͲ^ĂƌĐŽ ŶŐŝŶĞĞƌŝŶŐ W> ^Wy ^^ W> ^^ ^ƚ /ǀĞƐ W> ^/s ^ƚ :ĂŵĞƐΖƐ WůĂĐĞ W> ^d: ^ƚĂŐĞĐŽĂĐŚ 'ƌŽƵƉ W> ^' ^ƚĂŶĚĂƌĚ ŚĂƌƚĞƌĞĚ W> ^d E ^ƚĂŶĚĂƌĚ >ŝĨĞ /ŶǀĞƐƚŵĞŶƚƐ WƌŽƉĞƌƚLJ /ŶĐ dƌƵƐƚ >ƚĚ ^>/ ^LJŶĞƌŐLJ ,ĞĂůƚŚ W> ^zZ dĂƌƐƵƐ W> dZ^ dĂƚĞ Θ >LJůĞ W> d d dĞĚ ĂŬĞƌ W> d dĞůĞĐŽŵ ƉůƵƐ W> d W dĞƐĐŽ W> d^ K dŽǁŶ ĞŶƚƌĞ ^ĞĐƵƌŝƚŝĞƐ W> d ^ dƌŝďĂů 'ƌŽƵƉ W> dZ dƵůůĞƚƚ WƌĞďŽŶ W> d>WZ dƵůůŽǁ Kŝů W> d>t h< DĂŝů 'ƌŽƵƉ W> h<D hůƚƌĂ ůĞĐƚƌŽŶŝĐƐ ,ŽůĚŝŶŐƐ W> h> hŶŝůĞǀĞƌ W> h>sZ hŶŝƚĞĚ ƌƵŐ W> h ' hŶŝƚĞĚ hƚŝůŝƚŝĞƐ 'ƌŽƵƉ W> hh͘ sĞĚĂŶƚĂ ZĞƐŽƵƌĐĞƐ W> s sŝĐƚƌĞdž W> s d sŝƚĞĐ 'ƌŽƵƉ ;dŚĞͿ W> sd sŽĚĂĨŽŶĞ 'ƌŽƵƉ W> sK sƉ W> sW͘ tĞŝƌ 'ƌŽƵƉ W> t /Z tŚŝƚďƌĞĂĚ W> td tŝůůŝĂŵ ,ŝůů W> tD, tŝůŵŝŶŐƚŽŶ 'ƌŽƵƉ W> t/> tŽŽĚ 'ƌŽƵƉ ;:ŽŚŶͿ W> t'͘ tŽƌŬƐƉĂĐĞ 'ƌŽƵƉ W> t<W tWW 'ƌŽƵƉ W> tWW yĂĂƌ W> y Z

/ŶĚĞdž ^ŵĂůů ĂƉ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ &d^ ϮϱϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϭϬϬ &d^ ϭϬϬ &d^ ϭϬϬ ^ŵĂůů ĂƉ &d^ ϮϱϬ &d^ ϮϱϬ &d^ ϭϬϬ &d^ ϮϱϬ

^ĞĐƚŽƌ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ DŝŶŝŶŐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ĞƌŽƐƉĂĐĞ Θ ĞĨĞŶƐĞ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ Kŝů Θ 'ĂƐ WƌŽĚƵĐĞƌƐ 'ĞŶĞƌĂů /ŶĚƵƐƚƌŝĂůƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ EŽŶůŝĨĞ /ŶƐƵƌĂŶĐĞ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ĞǀĞƌĂŐĞƐ ^ŽĨƚǁĂƌĞ Θ ŽŵƉƵƚĞƌ ^ĞƌǀŝĐĞƐ &ŽŽĚ Θ ƌƵŐ ZĞƚĂŝůĞƌƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ ĞƌŽƐƉĂĐĞ Θ ĞĨĞŶƐĞ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ 'ĂƐ͕ tĂƚĞƌ Θ DƵůƚŝƵƚŝůŝƚŝĞƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ,ĞĂůƚŚ ĂƌĞ ƋƵŝƉŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ 'ĞŶĞƌĂů /ŶĚƵƐƚƌŝĂůƐ 'ĞŶĞƌĂů /ŶĚƵƐƚƌŝĂůƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ ůĞĐƚƌŽŶŝĐ Θ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ ůĞĐƚƌŝĐŝƚLJ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ >ŝĨĞ /ŶƐƵƌĂŶĐĞ dƌĂǀĞů Θ >ĞŝƐƵƌĞ ĂŶŬƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ ,ĞĂůƚŚ ĂƌĞ ƋƵŝƉŵĞŶƚ Θ ^ĞƌǀŝĐĞƐ DĞĚŝĂ &ŽŽĚ WƌŽĚƵĐĞƌƐ WĞƌƐŽŶĂů 'ŽŽĚƐ &ŝdžĞĚ >ŝŶĞ dĞůĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐ &ŽŽĚ Θ ƌƵŐ ZĞƚĂŝůĞƌƐ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ &ŝŶĂŶĐŝĂů ^ĞƌǀŝĐĞƐ Kŝů Θ 'ĂƐ WƌŽĚƵĐĞƌƐ /ŶĚƵƐƚƌŝĂů dƌĂŶƐƉŽƌƚĂƚŝŽŶ ĞƌŽƐƉĂĐĞ Θ ĞĨĞŶƐĞ &ŽŽĚ WƌŽĚƵĐĞƌƐ &ŽŽĚ Θ ƌƵŐ ZĞƚĂŝůĞƌƐ 'ĂƐ͕ tĂƚĞƌ Θ DƵůƚŝƵƚŝůŝƚŝĞƐ DŝŶŝŶŐ ŚĞŵŝĐĂůƐ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ DŽďŝůĞ dĞůĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐ ^ƵƉƉŽƌƚ ^ĞƌǀŝĐĞƐ /ŶĚƵƐƚƌŝĂů ŶŐŝŶĞĞƌŝŶŐ dƌĂǀĞů Θ >ĞŝƐƵƌĞ dƌĂǀĞů Θ >ĞŝƐƵƌĞ DĞĚŝĂ Kŝů ƋƵŝƉŵĞŶƚ͕ ^ĞƌǀŝĐĞƐ Θ ŝƐƚƌŝďƵƚŝŽŶ ZĞĂů ƐƚĂƚĞ /ŶǀĞƐƚŵĞŶƚ dƌƵƐƚƐ DĞĚŝĂ ůĞĐƚƌŽŶŝĐ Θ ůĞĐƚƌŝĐĂů ƋƵŝƉŵĞŶƚ

^ŚĂƌĞ WƌŝĐĞ άϲ͘ϳϱ άϯϮ͘ϰϰ άϯ͘ϰϰ άϭϭ͘ϴϳ άϮϰ͘ϲϮ άϮϮ͘Ϯϱ άϱ͘ϵϱ άϯ͘ϰϭ άϬ͘ϵϳ άϭϳ͘ϴϱ άϮϳ͘ϰϬ άϰ͘Ϭϴ άϯ͘ϰϱ άϲ͘Ϯϱ άϬ͘ϱϰ άϮϰ͘ϲϳ άϯ͘ϯϳ άϮ͘ϵϵ άϰ͘ϯϳ άϭϳ͘Ϯϳ άϲ͘Ϯϯ άϭ͘ϭϳ άϴ͘ϳϲ άϯ͘Ϯϵ άϭϰ͘ϯϴ άϮ͘ϭϯ άϮϮ͘ϮϮ άϬ͘ϲϱ άϮϵ͘ϮϬ άϭϯ͘Ϭϳ άϭ͘ϵϮ άϳ͘ϳϬ άϯ͘ϲϰ άϭϮ͘ϰϬ άϬ͘ϳϱ άϭϮ͘ϴϵ άϮ͘ϭϯ άϳ͘ϱϴ άϮϭ͘ϰϭ άϭϵ͘Ϭϯ άϯ͘ϮϬ άϮ͘ϮϬ άϭ͘ϳϴ άϯ͘ϯϮ άϳ͘ϵϭ άϲ͘ϳϵ άϭϵ͘ϱϴ άϮϯ͘ϯϵ άϯ͘ϱϲ άϳ͘ϭϲ άϴ͘Ϭϴ άϭϳ͘ϴϮ άϲ͘ϲϮ άϮ͘Ϯϳ άϲ͘ϳϰ άϮϬ͘ϵϰ ϯϴ άϯ͘ϯϮ άϮ͘ϴϬ άϲ͘ϰϯ άϱ͘ϰϯ άϭϮ͘ϳϳ άϭϭ͘ϭϬ

W ZĂƚŝŽ ϭϴ͘ϴ ϴ͘Ϯ ϱϭ͘ϯ ϭϰ͘ϰ Ϯϰ͘Ϯ ϭϭ͘ϳ ϭϱ͘ϳ Ϯϲ͘ϳ ϳ͘ϰ ϭϵ͘ϰ ϭϵ͘ϱ ϮϬ͘ϱ ϭϮ͘ϱ ϭϵ͘ϰ Ͳϭϴ͘Ϭ Ϯϰ͘Ϯ Ϯϵ͘Ϯ ϭϲ͘ϯ ϭϭ͘ϲ ϮϬ͘ϴ Ϯϰ͘Ϯ Ϯϰ͘Ϭ ϭϱ͘ϴ Ϯϭ͘Ϭ ϭϱ͘ϭ ϭϬ͘ϱ ϭϴ͘ϱ ϳϱ͘Ϭ ϮϮ͘ϴ ϭϲ͘ϯ ϭϰ͘Ϭ ϯϵ͘Ϯ ϭϮ͘ϲ ϭϬ͘ϰ Ϭ͘Ϭ Ϯϯ͘ϯ Ϯϲ͘ϱ ϭϯ͘Ϯ ϰϬ͘ϴ ϰϵ͘ϴ ϴ͘ϱ ϭϱ͘ϵ ϮϬ͘ϰ ϴ͘Ϭ ϭϴ͘ϴ Ϯϳ͘Ϯ ϮϬ͘ϵ ϭϲ͘ϴ ϭϲ͘ϯ ϮϬ͘Ϯ Ϯϰ͘ϵ ϮϬ͘ϵ ϭϰ͘Ϭ ϭϯ͘ϴ Ϯϴ͘Ϭ ϭϱ͘ϴ Ϯϰ͘ϭ ϭϯ͘ϱ ϯϳ͘Ϯ ϭϯ͘ϳ ϰϭ͘ϴ ϭϵ͘ϰ ϱϲ͘ϰ

;sĂůƵĞͿ ŝǀ͘zŝĞůĚ Ϯ͘ϭй ϯ͘ϯй ϭ͘ϱй ϭ͘ϲй ϭ͘ϳй ϱ͘ϭй Ϯ͘ϱй ϭ͘ϵй ϳ͘ϱй Ϯ͘ϲй Ϯ͘ϰй Ϯ͘ϴй ϰ͘ϴй ϭ͘ϲй ϲ͘ϱй ϭ͘ϳй ϰ͘ϰй ϭ͘ϲй Ϯ͘ϯй ϰ͘ϰй Ϯ͘Ϭй ϯ͘Ϭй ϭ͘ϵй Ϯ͘ϰй Ϯ͘ϳй ϰ͘ϰй ϭ͘ϴй Ϭ͘ϴй ϭ͘ϵй ϲ͘ϰй ϯ͘ϰй ϭ͘ϰй Ϯ͘ϰй ϰ͘ϯй ϲ͘ϭй ϭ͘ϲй ϯ͘Ϯй ϯ͘ϱй ϭ͘Ϯй ϭ͘ϲй ϰ͘ϲй ϰ͘ϳй Ϭ͘ϳй ϱ͘ϭй ϭ͘ϱй Ϯ͘ϴй Ϯ͘Ϭй ϯ͘ϵй Ϯ͘ϯй ϰ͘ϴй ϰ͘ϲй Ϯ͘ϰй ϯ͘ϯй ϰ͘ϱй ϭ͘ϴй ϭ͘ϴй ϭ͘ϱй ϯ͘ϭй Ϯ͘ϱй ϭ͘ϲй ϭ͘ϴй Ϯ͘Ϯй Ϭ͘ϰй

;sĂůƵĞͿ W ϭϬ Ϯϱ͘ϰ ϭϬ͘ϲ Ϯϵ͘ϴ ϯϯ͘Ϯ ϰϬ͘ϴ ϭϬ͘ϭ Ϯϯ͘ϵ Ϯϲ͘ϱ ϳ͘ϭ Ϯϵ͘Ϯ ϯϭ͘ϱ Ϯϱ͘ϳ ϮϬ͘ϱ Ϯϭ͘ϴ ϭϱ͘Ϭ ϯϮ͘Ϯ ϱ͘ϱ Ϯϳ͘ϰ ϭϵ͘ϯ Ϯϭ͘ϴ ϯϰ͘Ϯ ϭϳ͘ϳ Ϯϰ͘ϲ ϯϯ͘ϱ ϮϬ͘Ϯ ϭϰ͘ϯ ϯϯ͘ϵ ϴ͘ϵ ϯϰ͘ϯ ϭϰ͘ϰ ϭϬ͘ϴ ϱϱ͘ϭ ϮϬ͘ϯ ϭϮ͘ϲ ϭϭϰϬ͘ϯ ϯϲ͘ϯ Ϯϯ͘ϯ ϭϳ͘Ϯ ϱϴ͘ϰ ϵϭ͘ϯ ϭϮ͘ϯ ϭϯ͘ϯ ϭϲ͘ϯ ϴ͘ϴ ϯϵ͘Ϯ ϯϮ͘ϰ Ϯϵ͘Ϯ ϭϴ͘ϳ ϮϮ͘ϭ ϭϲ͘ϴ ϴ͘ϭ ϯϮ͘ϭ ϭϴ͘ϭ ϭϱ͘ϯ ϯϰ͘ϵ ϯϮ͘Ϭ ϰϭ͘ϵ ϭϯ͘ϵ ϯϵ͘Ϯ ϭϬ͘ϲ Ϯ͘ϵ Ϯϴ͘Ϯ ϭϮϯ͘Ϭ

;'ƌŽǁƚŚͿ ;'ƌŽǁƚŚͿ ZĂƚĞ YƵĂůŝƚLJ ϱ͘ϰй ϴϯй ϭϴ͘ϵй ϴϲй ϲ͘Ϯй ϴϲй ϭϬ͘ϱй ϵϬй ϭϳ͘ϱй ϭϬϬй ϲ͘ϴй ϳϵй ϭϭ͘ϱй ϴϲй ϭϭ͘ϯй ϵϬй ϯ͘Ϯй ϳϵй ϰ͘ϭй ϴϭй ϭϯ͘ϲй ϵϱй ϭϬ͘Ϭй ϵϯй Ϯϯ͘ϰй ϵϬй Ϭ͘ϴй ϴϯй Ͳϭϲ͘Ϯй ϲϬй ϵ͘ϲй ϴϲй ͲϭϬ͘ϲй ϳϰй ϭϴ͘ϳй ϴϴй ϭϳ͘ϰй ϭϬϬй Ϯ͘ϰй ϴϲй ͲϬ͘ϵй ϳϲй Ͳϭ͘ϴй ϳϲй ϭϯ͘ϭй ϵϬй ϯ͘ϳй ϴϭй ϲ͘Ϭй ϴϭй ϲ͘ϳй ϴϴй ϭϯ͘ϵй ϵϱй ͲϮϱ͘ϵй ϴϭй ϭϮ͘ϴй ϭϬϬй ϭϮ͘ϴй ϴϴй ͲϭϬ͘ϲй ϲϵй ϳ͘ϯй ϴϲй ϭϰ͘ϯй ϵϬй ϱ͘ϵй ϴϲй Ͳϭϯ͘ϭй ϱϲй ϭϲ͘ϰй ϵϴй ϭϬ͘Ϭй ϴϭй Ϯ͘Ϯй ϴϭй ϵ͘ϳй ϵϱй Ϯϱ͘ϱй ϵϬй ϵ͘ϯй ϵϱй Ͳϲ͘ϭй ϳϭй Ͳϴ͘ϳй ϳϰй ϭϮ͘Ϯй ϴϲй ϭϰ͘ϲй ϴϭй ϯ͘ϯй ϳϰй ϭϯ͘ϲй ϴϴй ϱ͘ϴй ϴϲй ϳ͘ϯй ϴϴй Ͳϰ͘Ϭй ϳϰй ϭϱ͘ϲй ϵϬй ϭϰ͘Ϯй ϵϱй ϳ͘ϰй ϴϲй ϴ͘ϲй ϵϱй ϳ͘ϲй ϴϲй Ϯϭ͘ϲй ϵϱй ϭϰ͘Ϭй ϵϱй Ͳϴ͘Ϯй ϵϬй ϭ͘ϲй ϲϳй Ϯϵ͘Ϭй ϴϲй ͲϮϬ͘Ϯй ϳϲй ϭϮ͘ϴй ϵϯй ϵ͘ϲй ϳϵй

Ğďƚ ZĂƚŝŽ Ϭ͘Ϭ Ϯ͘Ϯ ϭ͘Ϭ ϭ͘ϳ Ϭ͘Ϭ ϭ͘ϭ ϯ͘Ϭ Ϭ͘ϲ Ϭ͘Ϭ ϭ͘ϴ ϰ͘ϲ ϭ͘ϰ ϰ͘ϴ Ϭ͘Ϭ ϳ͘ϰ ϲ͘ϯ ϯ͘ϭ ϭ͘ϰ ϯ͘ϰ ϭϰ͘ϴ ϴ͘ϳ ϴ͘ϴ Ϭ͘ϱ ϲ͘ϱ Ϯ͘ϱ Ϯ͘Ϯ ϭ͘ϵ ϭ͘Ϯ Ϭ͘ϰ ϯ͘ϵ ϭ͘Ϭ Ϭ͘Ϭ ϰ͘ϰ Ϭ͘Ϭ Ϭ͘Ϭ ϱ͘Ϭ ϭ͘ϴ Ϯ͘ϳ Ϭ͘ϳ Ϭ͘ϭ Ϯ͘ϳ ϭϮ͘ϲ ϭ͘Ϯ ϭ͘ϴ Ϯ͘ϱ Ϭ͘ϭ Ϭ͘ϵ Ϯ͘ϵ ϰ͘ϴ ϭϰ͘ϰ ϮϮ͘ϭ Ϭ͘Ϭ Ϯ͘ϳ ϯ͘Ϭ ϰ͘ϭ ϰ͘ϭ ϭ͘ϳ ϭ͘ϭ ϱ͘Ϭ Ϭ͘ϱ Ϭ͘ϴ ϰ͘Ϯ Ϭ͘ϭ

ĂƌŶŝŶŐƐ WŽǁĞƌ ;ŵͿ άϮϯ άϳ͕ϯϴϴ άϭϱ άϭ͕Ϯϭϴ άϭϬϱ άϮϭ͕ϭϳϵ άϳϭ άϱϭ άϳϵϬ άϭϮ άϮ͕ϲϱϲ άϯϮϰ άϱϳϵ άϲϰ άϭϳ άϯϱϰ άϲϳϬ άϴϬ άϮϮϳ άϯϮϱ άϳϬ άϰϬ άϱϳϱ άϭϰϴ άϰϱϰ άϱϬ άϭϰϴ άϲϭ άϭϮϵ άϭ͕ϱϰϭ άϯϬ άϭϮϯ άϭϴϲ άϰ͕Ϭϵϱ άϬ άϰϭ άϭϰ άϯϯϯ άϯϭ άϯϬ άϰ͕ϬϮϰ άϭϯ άϭϱ άϭϰϭ άϮϵϳ άϭϳ άϴϮ άϮ͕ϴϭϲ άϲϵ άϰϮϴ άϰϵϰ άϵϬ άϮϴ άϭϯ͕ϲϲϯ άϭϯ άϮϲϱ άϯϬϵ άϯϳϲ άϴ άϯϵϭ άϰϭϮ άϭ͕ϭϯϯ άϭϭ


IMPORTANT DISCLAIMER: The author is not registered as an investment adviser or as an independent financial adviser and does not provide individual investment advice. As no advice is provided, neither the author nor this document are regulated by the Financial Services Authority. This document contains the opinions of the author and should never be construed as investment advice; it is for information only. The information contained in this document is not an offer or recommendation to buy or sell or a solicitation of an offer to buy or sell any securities. The specific needs, investment objectives and financial situation of any particular reader have not been taken into consideration and the investments mentioned may not be suitable for any individual. You should not base any investment decision solely on the basis of this document. You should carry out your own independent research and verification of facts and data. If you are unsure of any investment and need advice you should seek professional financial advice. The information in this document and any expression of opinion by the author have been obtained from or are based on sources believed to be reliable, but the accuracy or completeness of any such sources or the author’s interpretation of them cannot be guaranteed although the author believes the document to be clear, fair and not misleading. The author receives no compensation from and is not affiliated with any company mentioned in this document. To the maximum possible extent of the law, the author does not accept any liability whatsoever for losses arising from the use of the material or information contained herein. Please see the full Terms and Conditions and Disclaimer at http://www.ukvalueinvestor.com/terms-and-conditions/ INVESTMENT RISK: The value of shares can fall as well as rise. Dividend payments can fall as well as rise. Any information relating to past performance of an investment or investment service is not necessarily a guide to future performance. There is an additional risk of making a loss when you buy shares in certain smaller companies. There is a big difference between the buying price and the selling price of some shares and if you have to sell quickly you may get back much less than you paid. Share prices may go down as well as up and you may not get back the original amount invested. It may be difficult to sell or realize an investment. You should not buy shares with money you cannot afford to lose. DISCLOSURE RULES: When content is published about a company and the author has a position or beneficial interest in it, that fact will be disclosed. In addition to the above disclosure requirement, the author follows additional trading restrictions and guidelines. These restrictions require that the author: ·

Hold any stocks owned for at least 10 full market business days.

·

Cannot write about a stock for 2 business days before and after purchasing or selling the stock.

DISCLOSURE: The author owns shares in all of the companies in the model portfolio and intends to buy shares in any new model portfolio investments, and sell the shares of any model portfolio holdings which are sold, according to the trading restrictions noted above. CONFIDENTIALITY: This document is for the personal use of paid subscribers only. The information contained in this document may not be used for any commercial endeavour without explicit written consent from the author. Please retain this document for your own exclusive use and treat it as confidential. © John Kingham, 2012. Offices at 26 Kings Hill Avenue, Kings Hill, West Malling, Maidstone, Kent, ME19 4AE Subscribe online at www.ukvalueinvestor.com


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