ZozoLala 155 by Stichting Zet.El

HSBUJT UXFFNBBOEFMJKLT POBGIBOLFMJKL TUSJQJOGPSNBUJFCMBE ] BVHVTUVT TFQUFNCFS

骚色色

$0-0'0/

/PV NPF -JOEFOTUSBBU ,7

&/4$)&%&

3FEBDUJF r +FG /JFVXFOIVJT )BOT WBO 4PFTU 5PPO %PINFO 0QNBBL r 4JHHF 4UFHFNBO 3PHJFS WBO /FFSWFO 3JDIBSE #PT

4OPFL &FSTUF WBO 4XJOEFOTUSBBU -$ XXX TOPFLTUSJQT OM

%F TUSJQ BBQ +BWBTUSBBU ;+ XXX TUSJQBBQ OM

7BTUF NFEFXFSLFST r 7-&3, #FSU .FQQFMJOL 1FUFS EF

"/58&31&/

(&&-

.FLBOJL TUSJQ 4U +BDPCTNBSLU XXX NFLBOJL TUSJQ CF

"MGB TUSJQ 4UBUJPOTUSBBU

(FSBSE ;FFHFST FO )BOT 1PMT

8JU .BSL )PSFNBOT 1JFUFS WBO 0VEIFVTEFO "SFOE +BO WBO 0VEIFVTEFO -BNFMPT 1BVM WBO (SFNCFSHIFO FO 3PFM %BFOFO

.&$)&-&/

0PL XFSLUFO NFF r 8JMMZ -JOUIPVU 4FSHF #BFLFO 'BCSJDF 1BSNF "OOB -PPT 3PCFSU WBO (JOIPWFO (FNNB (SPFO +BDRVFT 1PTU 4IBVO 5BO FO 3POOZ .BUUPO

%SVL "GXFSLJOH r %SVLLFSJK 8JMDP "NFSTGPPSU %JTUSJCVUJF r 7BO %JUNBS "NTUFSEBN /- 1JODFFM 4USJQWFS TQSFJEJOH -FVWFO #

(&/5

"1&-%003/

1PQ7JMMF 0VECVSH 1BUFSTIPM XXX QPQWJMMF CF

%F WSFFNEF [BBL "TTFMTFTUSBBU &$ XXX EFWSFFNEF[BBL OM

1JFSLF 'SBOT WBO 3JKIPWFMBBO

"3/)&.

"CPOOFNFOUFO r &FO BCPOOFNFOU JT NPHFMJKL WPPS ร ร O KBBS สต o PG WPPS UXFF KBBS สต o FO HBBU JO OB TUPSUJOH WBO IFU UPUBBMCFESBH PQ 1PTUCBOL HJSP /- PG 1PTUHJ SPSFLFOJOH o # U O W 4UJDIUJOH ;FU &- UF #JMUIPWFO P W W KF FJHFO BESFT

$PQZSJHIU CJK 4UJDIUJOH ;FU &- r 0WFSOBNF WBO BSUJLFMFO TUSJQT PG JMMVTUSBUJFT FOLFM JO PWFSMFH NFU EF VJUHFWFS

3FEBDUJFBESFT r 1PTUCVT ") #JMUIPWFO /FEFSMBOE & NBJM r SFEBDUJF![P[PMBMB DPN 8FCTUFL r XXX [P[PMBMB DPN 0QMBHF r FY

;P[P-BMB JT FFO POBGIBO LFMJKL TUSJQJOGPSNBUJFCMBE VJUHFHFWFO EPPS 4UJDIUJOH ;FU &M EBU UXFFNBBOEF MJKLT WFSTDIJKOU ;P[P-BMB JT HSBUJT WPPS EF LMBOUFO WBO OFWFOTUBBOEF TUSJQXJOLFMT

,POJOHTUSBBU %) EF OPPSNBO!QMBOFU OM "44&/ 1MPL TUSJQT FO FIy EJOHFT 4UBUJPOTUSBBU ,7 XXX QMPL TUSJQT OM

#*+ %& 70031-""5 )FU KBBS WBO EF PMJGBOU &FO PSJHJOFFM PNTMBH WBO 8JMMZ -JOUIPVU

%F TUSJQLFWFS #SVVMDFOUFS #SVVM XXX TUSJQLFWFS CF .*%%&-#63( 1&330/ 4JOU +BOTUSBBU D ," /*+.&(&/ /*+.&( &(&/

(0&4

#36((&

*44/ r

$PNJD TUSJQT )PPHTUSBBU XXX DPNJD TUSJQT DPN

,BUFMJKOFTUSBBU XXX TUSJFQDMVC CF %&-'5

)FU QBBSE WBO 5SPKF -BOHFWPSTUTUSBBU +1 XXX QBBSEWBOUSPKF OM )""3-&. #FFEFF "OFHBOH )4 XXX CFFEFF OM )"44&-5 8POEFSMBOE 1BBSETEFNFSTUSBBU )003/ )FU HFMF UFLFO (SPUF 0PTU #3 XXX IFUHFMFUFLFO OM */5&3/&5

#VM 4VQFS #SFFTUSBBU 3( XXX CVMTVQFS OM

4JMWFTUFS 4OFMMFTUSBBU &/ XXX TJMWFTUFSTUSJQT OM

XXX EFWSFFNEF[BBL OM

"-,.""3

3055&3%". %JDL #PT +VOPMBBO 18 XXX TUSJQXJOLFMEJDLCPT OM %POOFS CPFLFO -JKOCBBO &3 XXX EPOOFS OM :FOEPS ,PSUF )PPHTUSBBU (- XXX ZFOEPS OM 4$)*&%". U $FOUSVN ,PSUF 4JOHFMTUSBBU B (# 4*/5สฐ,"5&-*+/&สฐ8"7&3

%&/ #04$)

%&/ )""(

)PVUTUSBBU +. XXX TFOPSIFSOBOEF[ DPN

"SUPCJ .FDIFMTFTUFFOXFH XXX BSUPCJ CF 4*/5 536*%&/

,".1&/ %F GBOUBTU #VSHXBMTUSBBU )+ XXX EF GBOUBTU OM ,0353*+,

%F (BMMJร S #FFLTUSBBU XXX HBMMJFS CF 5*-#63(

#PPLFST 4USJQQFST #PUFSTUSBBU )1

4USJQXJOLFM 1BVMVT 7FSESPOLFOPPSE #( XXX TUSJQTFO[P OM

"FMJY TUSJQT FO DPNJDT $IBTTร TUSBBU 38 XXX BFMJY OM

-&&68"3%&/

563/)065

%F [XBSUF WBML 7PPSEBN ." QFUFS TDIVVSNBO!FVSPOFU OM

8BML JO )FSFOHSBDIU &( XXX XBMLJO OM

%F SBU 7PPSTUSFFL +-

5JTUKFO %PQ 1BUFSTUSBBU XXX UJTUKFOEPQ CF

".45&3%".

%03%3&$)5

%VNQJF /JFVXF 3JKO +$ XXX TUSJQXJOLFMEVNQJF OM

)FU CFFMEWFSIBBM ,JOLFSTUSBBU o &) XXX IFU CFFMEWFSIBBM OM 'BOUBTJB (FMEFSMBOEQMFJO -8 IPNF UJTDBMJ OM TUSJQXJOLFMGBOUBTJB (PKPLFS ;FFEJKL B "1 -BNCJFL ,FSLTUSBBU (1 XXX MBNCJFL OFU

4DIFGGFSTQMFJO &+ XXX TUSJQXJOLFM TKPST OM &*/%)07&/

%F #PFLFOXPMG .FFOTFTUFFOXFH XXX CPFLFOXPMG CF

-&*%&/

%F 4USJQGBOBBU /4 1MFJO %" XXX TUSJQGBOBBU OFU

653&$)5

-&67&/

1JFU 4OPU 7JTNBSLU ,3 XXX QJFUTOPU OM

(PCFMJKO .FDIFMTFTUSBBU XXX HPCFMJKO CF

4USJQ FO MFLUVVSTIPQ 0VEF (SBDIU /3 XXX TUSJQBSU OM ;80--& %F #PFLFOIBMUF "TTFOEPSQFSTUSBBU %) XXX CPFLFOIBMUF OM

A*L CFO WBO IFFM EJFQ HFLPNFO 8JMMZ -JOUIPVU NBBLU TUSJQ PN [JKO WFSESJFU FFO QMFL UF HFWFO )FU KBBS WBO EF PMJGBOU JT FFO WBO EF NFFTU PQNFSLFMJKLF OJFVXF TUSJQSFFLTFO WBO EJU NPNFOU "VUFVS 8JMMZ -JOUIPVU o CFLFOE WBO EF JNNFOT QPQVMBJSF 6SCBOVT TUSJQT FO BMT TDFOBSJTU WBO 3PCPCPZ o CFHPO FSBBO BMT UIFSBQJF PN IFU WFSMJFT WBO [JKO [PPO UF WFSXFSLFO %F EFMFO ë FO ì MJHHFO CJOOFOLPSU JO EF XJOLFM /FU BMT IFU FFSTUF EFFM WBO [JKO OJFVXF SFFLT )FU MBBUTUF TUBUJPO v(FSFHFME [JU JL OPH UF XFOFO BDIUFS NJKO UFLFOUBGFM w WFSUFMU IJK JO FFO PQFOIBSUJH HFTQSFL

v)FU IFFGU NF OPPJU NPFJUF HFLPTU PN FSPWFS UF QSBUFO 7BO IFU CFHJO BG BBO LPO JL EBU *L IPFG NF OFSHFOT WPPS UF TDIBNFO .BBS FSPWFS UFLFOFO EBU JT WFFM NPFJMJKLFS %BU LBO JL WBBL IFMFNBBM OJFU #PWFO FFO MFFH WFM QBQJFS XPSE KF JOFFOT HFDPOGSPOUFFSE NFU KF[FMG NFU KF QJKO 5FLFOFO LBO BMMFFO BMT JL NF EBBS HPFE HFOPFH WPPS WPFM 7PPS NJK JT )FU KBBS WBO EF PMJGBOU ÏDIUFS EBO FFO HFTQSFL w

3VJN ESJF KBBS HFMFEFO CFSPPGEF 4BN EF ðï KBSJHF [PPO WBO TUSJQ NBLFS 8JMMZ -JOUIPVU [JDI[FMG WBO IFU MFWFO AT /BDIUT IBE IJK IFU PVEFSMJKL IVJT WFSMBUFO [POEFS EBU [JKO PVEFST IFU XJTUFO &FO BHFOU CSBDIU IFU FDIUQBBS T PDIUFOET WSPFH IFU TMFDIUF OJFVXT ;F EBDIUFO EBU 4BN OPH HFXPPO JO CFE MBH UF TMBQFO v"M WSJK TOFM EBBSOB MJFQ JL NFU IFU JEFF SPOE EF HFCFVSUFOJT UF WFSXFSLFO JO FFO TUSJQ *L XBT UPFO BM CF[JH NFU IFU TDFOBSJP WPPS )FU MBBUTUF TUBUJPO 6JUFJOEFMJKL IFFGU PPL EBU WFSIBBM UF NBLFO NFU EF EPPE WBO 4BN *L TQFFM NFU IFU HFHFWFO XBU FS NFU JFNBOE [PV LVOOFO HFCFVSFO WPPSEBU IJK VJU IFU MFWFO TUBQU .BBS EBU WFSIBBM WPMEFFE WPPS NJK OJFU EF QFSTPOBHFT JO )FU MBBUTUF TUBUJPO TUPOEFO UF WFS WBO NJK BG *L XJMEF JFUT WPPS NF[FMG NBLFO %BU JT )FU KBBS WBO EF PMJGBOU HFXPSEFO *FUT XBU IFFM EJDIU CJK NF[FMG TUBBU ;P EJDIU EBU JL EJF TUSJQ OJFU LPO NBLFO [POEFS IVMQ WBO NJKO CSPFS ͳFP *L IBE FFO LMBOLCPSE OPEJH )FU POEFSXFSQ WBO EF TUSJQ JT FSH EFMJDBBU /B BnPPQ WBO IFU FFSTUF EFFM XBSFO XF BMMFCFJ LBQPU 8F IFCCFO VSFO [XJKHFOE UFHFOPWFS FMLBBS JO IFU DBGÏ HF[FUFO .BBS OV IFU JO EF XJOLFMT MJHU CFO JL UPDI PQHFMVDIU %F SFBDUJFT [JKO FSH QPTJUJFG %BU MVDIU PQ *L XBT CBOH EBU NFOTFO IFU OJLT [PVEFO WJOEFO %JU BMCVN JT WPPS NJK IFFM BOEFST EBO NJKO BOEFSF XFSL )FU JT [Ø QFSTPPOMJKL *L XFFU PPL OJFU PG JL FS TUSBLT PQ TUSJQCFVS[FO XFM NFF BDIUFS FFO TUBOE NPFU HBBO [JUUFO .PFU JL JO EJU CPFL FFO HSBQQJH QPQQFUKF UFLFOFO BMT JFNBOE NF EBU WSBBHU *L EFOL OJFU EBU JL EBU LBO w

8BBSPN IFFGU V FSWPPS HFLP[FO EF TUSJQ OJFU WPMMFEJH BVUPCJPHSB mTDI UF NBLFO 6 WPFSU FFO mDUJFG QFSTPOBHF PQ EF LBOUPPSLMFSL ,BSFM EJF [JKO [PPO 8BOOFT WFSMJFTU v)FU IFMF JEFF WPPS )FU KBBS WBO EF PMJGBOU LPNU WPPSU VJU IFU HFHF WFO EBU 4BN [JDI ESJF KBBS HFMFEFO BDIUFS POT IVJT POEFS EF USFJO IFFGU HFMFHE *L XJMEF NF[FMG OJFU PQWPFSFO FO PPL IFN OJFU /V IJK FS OJFU NFFS JT LPO JL IFN HFFO XPPSEFO JO EF NPOE MFHHFO PG IFN UFLFOFO %BBSPN IFC JL HFLP[FO WPPS mDUJFWF QFSTPOBHFT อณFSBQFVUFO XFSLFO PPL WBBL NFU CFFMEFO PN EF XFSLFMJKLIFJE CJK EF QBUJร OU POEFS PHFO UF CSFOHFO ;P XFSLU EBU PPL CJK NJK %F HFCFVSUFOJTTFO JO )FU KBBS WBO EF PMJGBOU [JKO XFMJTXBBS WFS[POOFO NBBS EF HFWPFMFOT [JKO FDIU %BBSOBBTU XJMEF JL OJFU EBU EF TUSJQ MPV UFS FFO WPSN WBO SPVXWFSXFSLJOH [PV [JKO )FU NPFTU WPPS NJK PPL EF NPFJUF [JKO PN WPPS UF MFWFO *L XJMEF JFUT TDIFQQFO XBBS EF MF[FS JFUT BBO IFFGU *FUT XBBSWBO NFO [FHU EBU JT FFO HPFE HFNBBLUF TUSJQ w *T EBU PPL EF SFEFO XBBSPN V VX WSPVX JO EF TUSJQ OJFU JO CFFME CSFOHU v%FFMT *L XJMEF NJKO GBNJMJF JOEFSEBBE OJFU JO CFFME CSFOHFO .BBS JL XJM [P PPL UPOFO IPF HSPPU EF BGTUBOE JO KF SFMBUJF XPSEU OB [P O HFCFVSUFOJT ,BSFM QSBBU JO EF TUSJQ BMMFFO NFU FFO WSPVX EJF CVJ UFO IFU QMBBUKF TUBBU "MMFFO PQ IFU BMMFSFFSTUF QMBBUKF JO IFU FFSTUF EFFM WMBL WPPSEBU 8BOOFT [FMGNPPSE QMFFHU [JF KF IBBS FFO LFFS NFU IBBS SVH JO CFFME TUBBO ;PBMT ,BSFMT WSPVX BCSVQU VJU CFFME WFSEXJKOU [P IFC JL IFU PPL POEFSWPOEFO .JKO WSPVX FO JL [BHFO

v)FU IFFGU OJFUT NFU BTUSPMPHJF PG JTMBN UF NBLFO [PBMT TPNNJHFO EFOLFO *L MJKE BBO TMBBQBQOFV IPOEFSEWJKGUJH LFFS PQ FFO VVS XFSE JL XBLLFS %BU TMPPQU KF /V TMBBQ JL NFU FFO [VVSTUPGTMBOH PQ NJKO OFVT .JKO WSPVX [FJ PPJU EBU JL XFM FFO PMJGBOU MJKL 8FMBBO [P JT IFU JEFF POUTUBBO 0PL ,BSFM LSJKHU EPPS BMMF TQBOOJOH MBTU WBO BQOFV JO EF TUSJQ /FU BMT CJK NJK JO IFU KBBS EBU BMMF FMMFOEF JT CFHPOOFO w 8BBSPN IFFGU VX [PPO [FMGNPPSE HFQMFFHE 5XFF KBBS WPPSEJFO IBE 4BN PPL BM FFOT FFO QPHJOH HFEBBO %BU LXBN WPPS POT UPUBBM POWFSXBDIU )JK IBE FFO IFMFCPFM QJMMFO JOHF OPNFO *L WPOE IFN UIVJT PQ EF HSPOE (FMVLLJH JT UPFO PQ UJKE [JKO NBBH MFFHHFQPNQU )JK JT EBBSOB JO UIFSBQJF HFHBBO 7PMHFOT EFTLVOEJHFO JT FS JO รทรณ QSPDFOU WBO EF [FMGNPPSEHFWBMMFO HFFO EJSFDU BBOXJKTCBSF PPS[BBL %F TMBDIUPฤ FST MJKEFO BBO FFO [JFLUF *L WSFFT EBU EBU WPPS 4BN PPL HPME )JK XJMEF IJFS HFXPPO OJFU NFFS [JKO %BU JT NPFJMJKL UF BBOWBBSEFO BMT PVEFS 8F IFCCFO FS BMMFT BBO HFEBBO PN IFU IFN OBBS [JKO [JO UF NBLFO NBBS IFU IFFGU OJFU NPHFO CBUFO "DIUFSBG HB KF KF[FMG WFSXJKUFO NBLFO IFC JL IFN XFM PQ EF HPFEF NBOJFS CFHFMFJE OB [JKO FFSTUF QPHJOH )FC JL IFN OJFU UF WFFM CFTDIFSNE w #FHSJKQU V JFUT WBO [JKO CFXFFHSFEFOFO v5PDI XFM *L IFC POU[FUUFOE WFFM HFMVL HFIBE JO NJKO MFWFO *L IBE BMT KPOHF TUSJQNBLFS TOFM TVDDFT NFU EF 6SCBOVT TUSJQT "OEFST XBT JL BMT KPOHFMJOH NJTTDIJFO PPL VJU IFU MFWFO HFTUBQU *L IBE FFO FOPSN NJOEFSXBBSEJHIFJETHFWPFM #FHSJKQ NF OJFU WFSLFFSE OV TUBBU EJF QFSJPEF WFS WBO NF BG .BBS EFTUJKET IFC JL WJKGUJFO KBBS DVSTVTTFO HFWPMHE [PBMT FNPUJPOFFM MJDIBBNTXFSL SFMBYUIFSBQJF FO ZPHB *FUT XBBS JL OV PWFSJHFOT FOPSN WFFM CBBU CJK IFC CJK IFU WFSXFSLFO WBO IFU WFSMJFT WBO 4BN *L LSFFH FFO MJFWF WSPVX JL LSFFH FFO QSBDIUJHF [PPO %BBSEPPS CFHPO JL MJFWFS UF MFWFO .BBS BMT KPOHFNBO IBE JL EBU OJFU *L XBT EFQSFTTJFG /JFUT JO IFU MFWFO JOUFSFTTFFSEF NF FDIU 4BN IBE IFU[FMGEF w 6 MBBU 8BOOFT WBO EF nBU BGTQSJOHFO %VSGEF V IFN OJFU OFU BMT 4BN POEFS FFO USFJO UF MBUFO LPNFO

FMLBBS OJFU NFFS OB EF EPPE WBO 4BN "MMFCFJ WFSXFSLUFO XF POT WFSESJFU JO FFO[BBNIFJE 8F CMFWFO XFM TBNFO NBBS EF POEFS MJOHF WFSTDIJMMFO XFSEFO EPPS EF USBHJTDIF HFCFVSUFOJT WFSHSPPU .JTTDIJFO EBU JL ,BSFMT WSPVX MBUFS JO EF SFFLT OPH PQWPFS EBU MJHU FSBBO IPF EF SFMBUJF NFU NJKO FJHFO WSPVX WFSEFS HBBU )FU FJOE WBO EF TFSJF MJHU OPH OJFU IFMFNBBM WBTU w 8BU WJOEU VX FDIUHFOPUF WBO )FU KBBS WBO EF PMJGBOU v"BOWBOLFMJKL XBT [JK [FFS XFJHFSBDIUJH ;F [BH IFU QSPKFDU OJFU [JUUFO [BH FS IFU OVU OJFU WBO JO .BBS JONJEEFMT JT [F FSJO NFFHF HSPFJE ;F TUBBU FS IPF MBOHFS IPF NFFS BDIUFS FO [JFU EBU NFOTFO FS SFTQFDUWPM PQ SFBHFSFO 0OMBOHT [FJ [F [FMGT A)FU XPSEU UJKE EBU KF XFFS BBO FFO OJFVX EFFM WBO )FU KBBS WBO EF PMJGBOU HBBU UFLF OFO )FU JT [FMGT BM FFO QBBS LFFS WPPSHFLPNFO EBU XF OBBS BBOMFJ EJOH WBO EF TUSJQ NFU FMLBBS PWFS PO[F HFWPFMFOT IFCCFO HFQSBBU *O [PWFSSF IFMQU EF TUSJQ POT w 8BBSPN IFFU EF SFFLT FJHFOMJKL [P

v%BU [PV JOEFSEBBE UF EJDIUCJK [JKO HFLPNFO 5PFO NJKO WSPVX [XBOHFS XBT WBO 4BN IBEEFO XF NFFSEFSF OBNFO WFS[POOFO WPPS PO[F [PPO 8BOOFT XBT EF UXFFEF LFVT *L XJMEF BGTUBOE OFNFO WBO EF XFSLFMJKLIFJE EPPS EF mHVVS JO EF TUSJQ OJFU PPL 4BN UF OPFNFO &O JL LPO IFN FFOWPVEJHXFH OJFU POEFS FFO USFJO MBUFO LPNFO 8FM POEFSWJOEU ,BSFM JO EFFM รฐ WBO EF SFFLT EF WFSMPLLJOH WBO FFO TQSPOH POEFS EF USFJO *O FFO UPFLPNTUJH EFFM HB JL XFM FFO BOEFSF WFSTDISJLLFMJKLF FSWBSJOH WFSXFSLFO JO )FU KBBS WBO EF PMJ GBOU 7PSJH KBBS [BU JL [FMG JO FFO USFJO EJF QMPUT TUJM CMFFG TUBBO OBEBU JFNBOE [JDI WPPS EF USFJO EBBSWPPS IBE HFXPSQFO *L [BH BMMFT EF TQFVSFOEF QPMJUJF EF [XBSUF [BL XBBSJO MJDIBBNTSFTUFO XFSEFO WFS[BNFME %BU XBT USBVNBUJTDI [P WMBL OB EF EPPE WBO 4BN .BBS FSHFS OPH XBSFO EF SFBDUJFT WBO NJKO NFEFQBTTBHJFST ,JOEFSFO EJF IBSEPQ GBOUBTFFSEFO PWFS XFML MJDIBBNTEFFM [F OV XFFS EBDIUFO UF [JFO &O PVEFSFO EJF IBSEPQ LMBBHEFO EBU [F FFO BGTQSBBL NJTUFO EPPS IFU PQPOUIPVE %JF UPUBMF HFWPFMMPPTIFJE CJK BOEFSFO EJF IFFGU NF HFCSPLFO #JK IFU FFSTUWPMHFOEF TUBUJPO CFO JL VJUHFTUBQU FO IFC JL NF JO FFO DBGร CFESPOLFO *L XFFU OJFU NFFS IPF JL CFO UIVJTHFLPNFO NBBS JL NPFU CJK UIVJTLPNTU nJOL SV[JF IFCCFO HFNBBLU NFU NJKO WSPVX FO EF WPMHFOEF PDIUFOE LPO JL CJKOB OJFU NFFS PQTUBBO WBO EF SVHQJKO *L IFC FFO IBMอฏBBS PQ CFE HFMFHFO NFU WSFTFMJKLF QJKO JTDIJBT [FJ EF EPLUFS *L IFC BMUJKE BM FFO [XBLLF SVH HFIBE NBBS NJKO TMFDIUF HFFTUFMJKLF HFTUFMEIFJE IFFGU IFN HFTMPPQU *O EF TUSJQ XPSEU ,BSFM CPPT *L XFSE EBU EFTUJKET OJFU *L XBT EF CPPTIFJE WPPSCJK *L LPO NF[FMG EPNXFH OJFU NFFS BBO w 8BBSPN IFFGU V FSWPPS HFLP[FO EF TUSJQ OJFU UF JOLUFO v*L IFC WBO BMMFT HFQSPCFFSE .JKO BTTJTUFOU 4UFWFO EF 3JF CPPE BBO IFU HSBUJT UF JOLUFO )FU KBBS WBO EF PMJGBOU JT HFFO DPNNFSDJร MF

,PNU EBU NFEF EPPS )FU KBBS WBO EF PMJGBOU v%BU IFFGU FOPSN HFIPMQFO (FSFHFME [JU JL OPH UF XFOFO BDIUFS NJKO UFLFOUBGFM .BBS BMT JL BBO EF TUSJQ XFSL WPFM JL EF OBCJKIFJE WBO 4BN &O JL LBO WFFM FSWBSJOHFO WBO NF BG TDISJKWFO )FU JT FDIU FFO WPSN WBO UIFSBQJF /FU BMT ,BSFM [BH JL OB EF EPPE WBO NJKO [PPO PWFSBM TUFSGHFWBMMFO PN NJK IFFO *L XFSE FS HFL WBO FO EBDIU OV JT IFU NJKO CFVSU )FU NBLFO WBO EFFM Ã° IFFGU NF HFIPMQFO EBU UF SFMBUJWFSFO &O OFU BMT ,BSFM LSFFH PPL JL XBBOWPPSTUFMMJOHFO /JFU EBU JL EF CBBT CJK 4UBOEBBSE EF VJUHFWFS WBO 6SCBOVT SFE FJFSFO [BH MFHHFO NBBS JL [BH XFM 4BN [JUUFO JO EF UBLLFO WBO FFO CPPN *L IFC BBO EF CPPN TUBBO TDIVEEFO UPUEBU JL UFHFO NF[FMG [FJ EJU LBO IFMFNBBM OJFU *L CFO WBO IFFM EJFQ HFLPNFO /PH TUFFET XJM JL MJFWFS OJFU EBU FS JO EF CJPTDPPQ JFNBOE PQ EF TUPFM OBBTU NF LPNU [JUUFO %BBS [JU 4BN 7SPFHFS HJOHFO XF WBBL TBNFO OBBS EF mMN +B XBBO[JO LBO TPNT IFFM EJDIUCJK LPNFO )FU KBBS WBO EF PMJGBOU HBBU PWFS HFNJT FO IFU WFSMBOHFO PN UPDI OPH FWFO BM XBT IFU NBBS WJKG TFDPOEFO FWFO NFU IFN UF LVOOFO QSBUFO w 6 [FJ EBU V WFFM QPTJUJFWF SFBDUJFT LSJKHU PQ EF TUSJQ v+B JL WFSTDIJFU FS FDIU WBO *L IFC MBOH HFUXJKGFME PG JL IFU XFM NPFTU MBUFO VJUHFWFO .BBS OV CFO JL FSH CMJK )PFXFM JL WBO UFWPSFO [FJ EBU JL IFU BMMFFO WPPS NF[FMG NBBLUF FO EF SFBDUJFT NF OJFU JOUFSFTTFFSEFO NFSL JL OV EBU JL UPDI FSH PQHFMVDIU CFO EBU EF TUSJQ JO HPFEF BBSEF WBMU 0OMBOHT LSFFH JL FFO MBOHF NBJM WBO FFO WSPVX EJF IFU[FMGEF IFFGU NFFHFNBBLU %BBS EPF KF IFU UPDI WPPS "MT FFO QBBS NFOTFO NFU EF[F TUSJQ HFIPM QFO [JKO EBO JT IFU HFMVLU w )PF IFFGU V EF BGHFMPQFO KBSFO HFXPPO 6SCBOVT FO 3PCPCPZ LVOOFO CMJKWFO NBLFO TUSJQ )JK XJTU EBU IFU QSPKFDU OPPJU WFFM HFME [PV PQMFWFSFO &O BMT JL FS BM JFUT BBO [BM WFSEJFOFO HFFG JL IFU XFH BBO FFO HPFE EPFM .BBS OBEBU JL XBU QMBUFO WBO 4UFWFO HF[JFO IBE LSFFH JL FS HFFO HPFE HFWPFM CJK )FU XBT OJFU NFFS WBO NJK 5PFO [FJ 3JB 4DIVMQFO WBO VJUHFWFSJK #SJFT EBU JL IFU [P NPFTU MBUFO "BOWBOLFMJKL WPOE JL EBU FFO SBBS JEFF BMT UFLFOBBS TUB KF NJO PG NFFS JO KF CMPUF LPOU EPPS KF SVXF TDIFUTFO UF UPOFO BBO IFU QVCMJFL 1MVT EBU WFFM NFOTFO EF TUSJQ [P MFMJKL [VMMFO WJOEFO .BBS MBUFS CFHPO IFU JEFF NF BBO UF TUBBO 4BNT MFWFO XBT OJFU BG EVT JT EF TUSJQ PWFS IFN EBU PPL OJFU w )PF HBBU IFU OV NFU V v#FIPPSMJKL *L CFO WBO IFFM EJFQ HFLPNFO &FO QBBS NBBOEFO UFSVH XBT JL OPH FSH EFQSFTTJFG %BU LXBN NFEF EPPS EF QSPCMF NFO NFU NJKO SVH "MMFT LXBN UFSVH *L TMFFQUF NF WBO NJKO CFE OBBS NJKO TUPFM OBBS NJKO UFLFOUBGFM FO UFSVH )FU XBT FFO WSFTFMJKLF UJKE )FU HJOH POU[FUUFOE TMFDIU NFU NF .BBS JL CFO VJU EJF QFSJPEF HFLSP QFO EBOL[JK NFEJDBUJF FO UIFSBQJF )FU FFS TUF KBBS OB 4BNT EPPE XBT HFL HFOPFH OJFU IFU FSHTUF *L XBT OPH DPOGVVT CFO OFU BMT ,BSFM WSJK TOFM XFFS HBBO XFSLFO HJOH [FMGT LPSU OB [JKO EPPE OBBS FFO TUSJQGFTUJWBM JO 4BO %JFHP )FU UXFFEF KBBS LXBN EF HFFT UFMJKLF LMBQ 5PFO XFSE IFU FDIU NPFJMJKL /V EFOL JL EBU JL FFO CFHJO IFC HFWPOEFO PN BMMFT UF WFSXFSLFO w

v%BU WSBBHU NJKO WSPVX PPL BMUJKE )FU JT FFO WMVDIU JO NJKO WFSIBMFO EBO EFOL JL FWFO OJFU BBO 4BN /B [JKO EPPE IFC JL XFM FWFO UFHFO NJKO [JO BBO 6SCBOVT HFXFSLU .BBS XBU NF HBBOEF IJFMEF XBT FFO PQNFSLJOH WBO 4BN MBOH HFMFEFO *L IBE EFTUJKET FFO LFFS BNCSBT NFU 6SCBOVT JFUT XBU JO FMLF SFMBUJF XFM FFOT WPPSLPNU *L XJMEF TUPQQFO NFU EF SFFLT NBBS 4BN XJMEF EBU JL FSNFF EPPS CMFFG HBBO PNEBU [PWFFM LJOEFSFO FS OPH QMF[JFS WBO IBEEFO ;FMG MBT IJK EF TUSJQ BMMBOH OJFU NFFS NBBS IJK WPOE IFU UPDI CFMBOHSJKL EBU JL IFN CMFFG NBLFO +BBSMJKLT XPSEFO FS OPH [P O Ã±Ã³Ã® Ã®Ã®Ã® FYFNQMBSFO WBO WFSLPDIU *O EF UPQUJKE XBSFO EBU FS [FMGT Ã³Ã´Ã® Ã®Ã®Ã® 6SCBOVT JT FFO BOEFS GBDFU WBO NF *L IFC EJF TUSJQ OPEJH PN EF WSPMJKLF OPPU JO NJKO MFWFO UF IPVEFO "MT 6SCBOVT FO JL PPJU NFU EF SFFLT [PVEFO TUPQQFO EBO [PV JL EBBSOB XFFS FFO BOEFSF MJDIUF IVNPSTUSJQ HBBO NBLFO w .BBS LPTUUF IFU V HFFO NPFJUF HSBQQFO UF WFS[JOOFO v/FF *L NPFU FS XFM WPPS JO EF KVJTUF TUFNNJOH [JKO NBBS EBO [FU JL HFXPPO FFO TDIBLFMBBS PN JO NJKO IPPGE )FU JT NJKO XFSL *L WFS[JO FFO LMFJO JEFF FFO LSVJXBHFO EJF IFU WFSIBBM ESBBHU FO MBBEU EJF WFSWPMHFOT WPM NFU HSBQQFO *L HFMPPG OJFU EBU NJKO TUSJQT [JKO CFÃ&#x2022;OWMPFE EPPS 4BNT PWFSMJKEFO *L IFC IFU HFMVL NF UF LVOOFO MPTUSFL

LFO WBO NJKO TPSFT .BBS MFU XFM ESJF NBBOEFO HFMFEFO IBE JL OPH OJFU [P LVOOFO QSBUFO 5PFO HJOH IFU OPH IFFM TMFDIU NFU NF .BBS EFTPOEBOLT LPO JL XFM HSBQQFO CMJKWFO CFEFOLFO %BU LBO JL BMUJKE 5FLFOFO EBBSFOUFHFO EBU MVLUF NF NJOEFS HPFE &O XFSLFO BBO )FU KBBS WBO EF PMJGBOU EBU LBO JL PPL OJFU BMT JL NF TMFDIU WPFM .BBS BBO 6SCBOVT XFM %BO NBBL JL FFO TZOPQTJT TUVVS EJF OBBS 6SCBOVT PQ FO IJK LPNU EBO OBBS -PLFSFO PN IJFS BBO EF LFV LFOUBGFM TBNFO EF EJBMPHFO UF WFS[JO OFO %BBSOB CFHJO JL NFU UFLFOFO &FO QBBS LFFS IFC JL IFN NPFUFO WSBHFO NFU FFO TZOPQTJT BG UF LPNFO NBBS VJUFJOEFMJKL CFO JL UPDI IFU NFSFOEFFM WBO IFU XFSL CMJKWFO EPFO w %F MBBUTUF KBSFO TDISJKGU V WBLFS TDF OBSJP T WPPS BOEF SFO 8BBSPN 6SCBOVT

v0NEBU JL XJMEF LJKLFO PG JL NFFS LPO EBO BMMFFO 6SCBOVT &O -VD $SPNIFFDLF FO JL MJFQFO BM KBSFO SPOE NFU IFU JEFF TBNFO JFUT UF NBLFO 5PFO VJUHFWFSJK .BMNCFSH FFO TUSJQ WSPFH WPPS FFO WBO IBBS CMBEFO JT 3PCPCPZ POUTUBBO )FU MBBUTUF TUBUJPO IFFGU FFO IFFM BOEFSF POUTUBBOTHFTDIJFEFOJT "BOWBOLFMJKL XJMEF VJUHFWFSJK 4UBOEBBSE FS IFMFNBBM OJFU BBO .BBS IFU JT UPDI HFMVLU *L WJOE IFU FFO WPPS SFDIU PN NFU [VMLF HFUBMFOUFFSEF NFOTFO BMT &SJL 8JFMBFSU UF NPHFO XFSLFO )FU JT FFO GFFTU PN UF [JFO XBU [F NFU KPVX JEFFร O EPFO w 8BU IPVEU V OPH HBBOEF v/V .JKO OJFVXF QSPKFDUFO )FU MBBUTUF TUBUJPO FO )FU KBBS WBO EF PMJGBOU )FU FFSTUF IFC JL BMT TDFOBSJTU BM BGHFSPOE CJK IFU UXFFEF OBEFSU IFU FJOEF )FU XPSEFO BDIU EFMFO FO JL CFO BM CJKOB LMBBS NFU EFFM รด *L [BM )FU KBBS WBO EF PMJGBOU FSH NJTTFO BMT IFU JT BGHFSPOE 8BU NPFU JL EBBSOB &JHFOMJKL CFO JL XFM CBOH WPPS EBU NPNFOU %JU JT FDIU JFUT XBBS JL NFF HFIPMQFO CFO *L NPFU JFUT BOEFST NFU XBU NFFS HFXJDIU HBBO CFEFOLFO EBU JL TUSBLT OBBTU 6SCBOVT HB NBLFO &O JL MPPQ OPH SPOE NFU FFO JEFF PN JFUT TBNFO UF HBBO EPFO NFU ,JN %VDIBUFBV )FU JT QJKOMJKL EBU JL HFFO FSGHFOBNFO NFFS IFC 4BN XBT POT FOJHF LJOE )JK MBBU FFO FOPSNF MFFHUF OB 8BU JL OV EPF IPFG JL OJFU NFFS UF EPFO WPPS IFU HFME *L MBBU UPDI OJFNBOE NFFS JFUT OB "MMFT XBU JL OV EPF WPPS XJF JT EBU FJHFOMJKL "MMFFO OPH WPPS NF[FMG w #FMFFGU V OB NFFS EBO รฏรฐรณ BMCVNT WBO 6SCBOVT OPH XFM QMF[JFS BBO EJF TUSJQ v0I [FLFS *L OPFN IFU XFMJTXBBS NJKO XFSL NBBS IFU JT XFM MFVL XFSL "OEFST [PV JL FSNFF TUPQQFO *L HB JO FML HFWBM OPH EPPS UPU EFFM รฏรณรฎ )FU XFFHU WPPS NJK XFM MJDIUFS EBO NJKO OJFVXF QSPKFDUFO .BBS LBO JL FS CFTU XBU WBO NF[FMG JO LXJKU 0PL JO 6SCBOVT [JUUFO BVUPCJPHSBmTDIF FMFNFOUFO 5PMMFNCFFL EBU JT -PLFSFO XBBS JL CFO HFCPSFO FO HFUPHFO $ร TBS FO &VGSB[JF EBU [JKO NJKO FJHFO PVEFST )VO XFSFME XBBSJO FMLF รฐรฎ GSBOD NPFU XPSEFO PNHFESBBJE PN EF NBBOE EPPS UF LPNFO EBU XBT PPL NJKO XFSFME *L IFC BMT LJOE WFFM BSNPFEF HFLFOE &O PNB 5FUUFNJF EJF IFFGU PPL FDIU CFTUBBO .JKO PVEFST LPOEFO BMMFFO FFO IVJT LPQFO BMT [F FSNFF JOTUFNEFO EBU EF CFKBBSEF WSPVX EJF FS BM XPPOEF EBBS UPU IBBS EPPE LPO CMJKWFO ;JK XPPOEF JO FFO [JKLBNFS T /BDIUT TUPOE [JK BBO EF TMBBQLBNFSEFVS WBO NJKO PVEFST UF MVJTUFSFO PN EF CFEHFIFJNFO EPPS UF SPEEFMFO PQ TUSBBU OFU [PBMT JO EF TUSJQ 7PMHFOE KBBS CFTUBBU EF TFSJF รฐรณ KBBS 8F [JKO OV BBO IFU OBEFOLFO PWFS FFO TQFDJBBM BMCVN 5KB BMT JL IFU [P CFLJKL FJHFOMJKL [PV WPMHFOE KBBS NJKO UPQKBBS NPFUFO XPSEFO )FU 6SCBOVT KVCJMFVN EF BGSPOEJOH WBO )FU KBBS WBO EF PMJGBOU FO )FU MBBUTUF TUBUJPOy *L IFC XFFS JFUT PN NF PQ UF WFSIFVHFO w )BOT WBO 4PFTU "MMF JMMVTUSBUJFT UFO[JK BOEFST WFSNFME [JKO BGLPNTUJH VJU EF FFSTUF UXFF BMCVNT WBO )FU KBBS WBO EF PMJGBOU

)FU MBBUTUF TUBUJPO %F (SPOJOHTF UFLFOBBS &SJL 8JFMBFSU [BU [FT KBBS HFMFEFO PQ FFO TUSJQCFVST JO "SOIFN JO EF TUBOE WBO IFU JONJE EFMT UFS [JFMF HFHBOF CMBE *ODPHOJUP UPFO EBBS JOFFOT FFO ABBSEJHF #FMHJTDIF NFOFFS WPPS [JKO OFVT TUPOE v)JK [XBBJEF NFU NJKO CPFLKF 8BBOLMBOLFO EBU JL WPPS EF *ODPHOJUP SFFLT HFNBBLU IBE FO WSPFH XJF EBU IBE HFUFLFOE w WFSUFMU 8JFMBFSU v)FU CMFFL 8JMMZ -JOUIPVU UF [JKO FO IJK XJMEF HSBBH TBNFOXFSLFO )JK [PDIU FFO UFLFOBBS WPPS FFO TDFOBSJP EBU IJK UPFO BM NJO PG NFFS BG IBE %BU XBT %FWJM T DBWF CFEPFME BMT FFO MPTTUBBOE BMCVN NBBS OV IFU FFSTUF EFFM WBO XBU IFU ESJFMVJL )FU MBBUTUF TUBUJPO XPSEU w )FU MBBUTUF TUBUJPO HBBU PWFS FFO SFDIFSDIFVS EJF UF LBNQFO IFFGU NFU EF HFFTU WBO [JKO PWFSMFEFO WBEFS FO NFU FFO TFSJFNPPSEFOBBS EJF EF "OUXFSQTF IPF SFOCVVSU POWFJMJH NBBLU v8JMMZ CFOBEFSEF VJUHFWFSJK 4UBOEBBSE NBBS EJF IBE BBOWBOLFMJKL HFFO JOUFSFTTF 5PFO WFSEXFFO IFU QSPKFDU FFO UJKEMBOH JO EF LPFMLBTU UPUEBU FFO OJFVXF EJSFDUJF CJK EF VJUHFWFSJK JOFFOT XFM UPFIBQUF .BBS OBEBU XF IFU DPOUSBDU JO รชรจรจรฌ IBEEFO POEFSUFLFOE WFSBOEFSEF FS WBO BMMFT 8JMMZ T [PPO PWFS MFFE LPSU EBBSOB 4UBOEBBSE XJMEF FFO UXFFEF BMCVN FO 8JMMZ [FMGT OPH FFO EFSEF ;JKO GBNJMJFESBNB XJMEF IJK FFO QMBBUTKF HFWFO JO IFU WFSIBBM w %F QSPEVDUJF XFSE PPL OPH XBU WFSUSBBHE EPPS BOEFSF PQESBDIUFO WBO 8JFMBFSU [PBMT [JKO WFSIBMFOCVOEFM /BDIU FO POUJK EJF WPSJH KBBS CJK 4IFSQB WFSTDIFFO FO IFU UJFOKBSJHF KVCJMFVN WBO IFU (SPOJOHTF TUSJQCMBE (S OO *ONJEEFMT IFFGU IJK IFU UXFFEF EFFM BGHF SPOE )FU UXFFEF BMCVN [BM JO BQSJM รชรจรจรฐ JO EF XJOLFMT MJHHFO EFFM รซ TUBBU WPPS EFDFNCFS รชรจรจรฐ HFQMBOE v)FU JT NJKO FFSTUF CFUBBMEF PQESBDIU BMT TUSJQUFLFOBBS MPT WBO NJKO JMMVTUSBUJFXFSL *L EPF BMMFT [FMG TDIFUTFO JOLUFO JOLMFVSFO FO MFUUFSFO %BU JT FSH BSCFJETJOUFOTJFG NBBS JL LBO IFU NF mOBODJFFM OJFU WFSPPSMPWFO XFSL VJU IBOEFO UF HFWFO JFUT XBU CJK BOEFSF 4UBOEBBSE TUSJQT XFM HFCSVJLFMJKL JT #PWFOEJFO JT 8JMMZ FSH FOUIPVTJBTU PWFS NJKO LMFVSFOXFSL w /B IFU EFSEF BMCVN HBBO 8JFMBFSU FO -JOUIPVU XFFS JFEFS IVOT XFFHT v*L IPPQ EBU )FU MBBUTUF TUBUJPO WPPS NJK FFO EPPSCSBBL XPSEU CVJUFO IFU TNBMMQSFTT DJSDVJU &S JT BM XFM DPOUBDU NFU BOEFSF VJUHFWFST EJF NJKO UFLFO XFSL HPFE WJOEFO NBBS EBU IFFGU OPH OJFU UPU DPODSFUF QMBOOFO HFMFJE *L CFO UIVJT TDFOBSJP T WPPS FJHFO BMCVNT BBO IFU TDISJKWFO 6JUFJOEFMJKL IPPQ JL EBBS VJU HFWFST WPPS UF LVOOFO JOUFSFTTFSFO w

.FFS EBO FFO KBBS MBOH [BU IJK FSPQ UF [XPFHFO 5PDI CFTUBBU IFU TUSJQCPFL 6'0 VJU OJFU NFFS EBO ÏÏO FOLFM QMBBUKF 5FLFOBBS 'BCSJDF 1BSNF éñîî JT OJFU HBVX UFWSFEFO

.FU 6'0 XJMEFO 'BCSJDF 1BSNF FO -FXJT 5SPOEIFJN IFU FFOT ÈOEFST EPFO ;F XJMEFO FFO CPFL NBLFO EBU FS VJU[JFU BMT FFO TUSJQBMCVN EBU WPFMU BMT FFO TUSJQBMCVN EBU SVJLU BMT FFO TUSJQBMCVN NBBS EBU EF MF[FS UFHFMJKL QSFUUJH PQ IFU WFSLFFSEF CFFO [FU /B FOJHF IPPGECSF LFOT LXBNFO [F VJU PQ FFO BBOEPFOMJKL CMBVX NBOOFUKF NFU UXFF WPFMTQSJFUFO PQ [JKO IPPGE )FU NBO OFUKF DSBTIU NFU [JKO WMJFHFOEF TDIPUFM PQ FFO QMBOFFU EJF PQWBMMFOE CFLFOE BBOEPFU FS MPQFO WSBBU[VDIUJHF EJOPTBVSVTTFO SPOE NBN NPFUFO ESBWFO WBO IPU OBBS IFS FO WBOVJU EF CPNFO LJKLFO XFJOJH TOVH HFSF BBQBDIUJHFO UPF /PH WPPSEBU EF EJF PQ IFU JEFF [JKO HFLPNFO IVO CPNFO UF WFSMBUFO FO HSPU UFLFOJOHFO NPCJFMUKFT FO LFSOXBQFOT UF HBBO NBLFO CMJKLU EBU IFU 6'0 NBOOFUKF [JDI PQ FFO HFIFFM FJHFO NBOJFS EPPS UJKE FO SVJNUF CFXFFHU )JK POUXJL LFMU [JDI OJFU [PBMT EF NFFTUF TUSJQmHVSFO WBO IFU FOF OBBS IFU BOEFSF QMBBUKF /FF IFU JT FFSEFS BMTPG EF DSBTI EF HSFO[FO UVTTFO EF BG[POEFSMJKLF TUSJQQMBBUKFT IFFGU XFHHFTMB HFO FO IFU 6'0 NBOOFUKF o NFU EF MF[FS o PQ EF WSFFNEF QMBOFFU NFU WBMMFO FO PQTUBBO [JKO XFH NPFU [PFLFO &JHFOMJKL JT AIFU TUSJQCPFL WPPS 6'0 FFO UF LSBQ KBTKF EF DSFBUJF WBO 1BSNF FO 5SPOEIFJN CFTUBBU VJU ÏÏO HJHBOUJTDIF UFLFOJOH NFU IPO EFSEFO 6'0 NBOOFUKFT )FU JT FFSEFS FFO ðïF FFVXT UBQJKU WBO #BZFVY FFO NJEEFMFFVXTF WPPS MPQFS WBO IFU NPEFSOF TUSJQWFSIBBM EBO FFO USBEJ UJPOFMF TUSJQ [P HFFGU 'BCSJDF 1BSNF HSJG UPF v5JKEFOT EF 4USJQEBHFO )BBSMFN JO ðîîô XBT CJK -FXJT 5SPOEIFJNT FYQPTJUJF PWFS UFLTUMP[F TUSJQT FFO EFFM WBO 6'0 UF [JFO PQ HSPUF QSJOUT EJF OBBTU FMLBBS XBSFO HFIBOHFO %BU HBG FFO JEFF IPF 6'0 FDIU JO FMLBBS [JU BMT FFO POPOEFSCSPLFO HFIFFM *EFBMJUFS [PV 6'0 FSVJU[JFO BMT ÏÏO MBOHF AmMNSPM PQ UXFF TUPLKFT BMT FFO TPPSU USBHF PVEFSXFUTF BOJNB UJFmMN w %F UFLFOBBS MBDIU v.BBS EBU XBT OBUVVSMJKL OJFU IBBMCBBS 8F XJMEFO 6'0 WPPS FFO HSPPU QVCMJFL CFSFJLCBBS IPVEFO &O [P O mMNSPM PG BOEFST FFO MBOHF BBO FMLBBS HFQMBLUF TUSPPL EBU XFSE WFFM UF LPTUCBBS PN UF NBLFO 5FHFO EBU TPPSU FYDMVTJFWF LVOTUPCKFDUFO IFCCFO -FXJT FO JL POT BMUJKE BGHF[FU %VT IFCCFO XF IFU HFXPPO EF WPSN WBO FFO USBEJUJPOFFM TUSJQBMCVN HFHFWFO w

)FSTUFM )FU XBT WPPS 1BSNF OPH nJOL TUSFTTFO PN IFU FFSTUF EFFM WBO 6'0 JO )BBSMFN UF LVOOFO UPOFO "BOWBOLFMJKL IBE IJK HFEBDIU IFU 6'0 QSPKFDU JO FOLFMF NBBOEFO UF LVOOFO BGSPOEFO .BBS UPU [JKO TDISJL UFLFOEF IJK OB FFO KBBS OPH TUFFET BBO EBU FOF TUFFET HSPUFS XPSEFOEF 6'0 QMBBUKF )FU 6OJEFOUJmFE 'VOOZ 0CKFDU MJFU [JDI OJFU [PNBBS WBTUMFH HFO 1BSNF v)FU XBT FFO HJHBOUJTDIF LMVT "MMF QBHJOB T WBO 6'0 [JKO BBO FMLBBS HFLPQQFME )PF WFSEFS JL LXBN IPF NFFS OJFVXF JEFFÑO FS CJK NF PQCPSSFMEFO #PWFOEJFO IFC JL EF TUSJQ CJKOB

HFIFFM PQ EF DPNQVUFS HFNBBLU %BU JT IBOEJH XBOU NFU CFIVMQ WBO EF DPNQVUFS LVO KF CJKWPPS CFFME HFNBLLFMJKL LMFVSFO VJUQSPCFSFO "MT KF KF WFS HJTU LMJL KF HFXPPO PQ EF LOPQ )FSTUFM FO [PFL KF FFO BOEFSF PQMPTTJOH 0Q EJF NBOJFS LVO KF NFFS SJTJDP T OFNFO "MT KF NFU EF IBOE XFSLU FO KF WFSHJTU KF EBO LVO KF BM TOFM BMMFT WFSTDIFVSFO FO XFFS IFMFNBBM PQOJFVX CFHJO OFO .BBS XFSLFO NFU EF DPNQVUFS IFFGU PPL FFO CFMBOHSJKL OBEFFM KF LVOU EJOHFO FJOEFMPPT BBOQBTTFO )FU LBO BMUJKE OØH CFUFS w -BDIFOE v0Q FFO HFHFWFO NPNFOU HB KF PQ EF QJYFM XFSLFO IÒ +F LVOU PQ [P O TDIFSN BMMFT FOPSN VJUWFSHSPUFO o PPL BM [JF KF FS JO ESVL XFSL BMMBOH OJFUT NFFS WBO w

6JUHFSBOHFFSE %F QSFNJÒSF WBO EF FFSTUF QBHJOB T WBO 6'0 WPSJH KBBS JO )BBSMFN XBT OJFU UPFWBMMJH )FU JEFF WPPS 6'0 XBT UJKEFOT EF WPPSHBBOEF FEJUJF WBO EF 4USJQEBHFO )BBSMFN JO KVOJ ðîîò POUTUBBO *O EJF UJKE XFSLUF -FXJT 5SPOEIFJN BBO [JKO CPFL %ÏTPFVWSÏ 6JUHFSBOHFFSE FFO UPCCFSJHF OJFU JO IFU /FEFSMBOET WFSUBBMEF BVUPCJPHSBmTDIF TUSJQ PWFS IPF TVDDFTWPMMF TUSJQNBLFST FSWPPS LVOOFO XBLFO EBU [F OJFU WBTUMPQFO JO IFU FJOEFMPPT VJU NFMLFO WBO IVO HFJKLUF TVDDFTGPSNVMF 1BSNF IFSJOOFSU IFU [JDI OPH HPFE v8F MJFQFO T BWPOET UFSVH OBBS IFU IPUFM -FXJT WFSUFMEF PWFS %ÏTPFVWSÏ FO EBU IJK CBOH XBT EBU IJK BMMFT BM FFOT IBE HFEBBO FO EBU IJK OJFUT OJFVXT NFFS XJTU UF WFS[JOOFO %BBS XBT JL IFU EVT OJFU NFF FFOT OBBS NJKO NFOJOH WBMMFO FS PQ WJTVFFM WMBL OPH BMMFSMFJ TQBOOFOEF EJOHFO UF EPFO %VT JL WFSUFMEF IFN PWFS EF TDIJMEFSLVOTU PWFS )JÑSPOZNVT #PTDI 3PCFSU 3BVTDIFOCFSH +BNFT 'MPSB 5JN #JTLVQ 0WFS IFU LVCJTNF PWFS EF CMJL WBO MF[FST FO UPFTDIPVXFST PWFS EF UBMMP[F NPHFMJKLIF EFO WBO EF QBHJOB JOEFMJOH %BU KF CJKWPPSCFFME o [PBMT IJK[FMG NFU 4FSHJP (BSDJB JO -FT USPJT DIFNJOT %F ESJF XFHFO o FWFOFFOT OJFU JO IFU /FEFSMBOET WFSUBBME SFE IBE HFEBBO o PQ WFSTDIJMMFOEF QMFLLFO PQ EF QBHJOB WFSTDIJM MFOEF WFSIBMFO UFHFMJKL LVOU WFSUFMMFO NBBS EBO PPL [POEFS UFLTU FO [POEFS BG[POEFSMJKLF QMBBUKFT 8F XFSEFO BMMFCFJ TUFFET FOUIPV TJBTUFS %VT UPFO XF CJK IFU IPUFM BBOLXBNFO IFU XBT JONJE EFMT OB NJEEFSOBDIU IFCCFO XF HFMJKL QFO FO QBQJFS HFQBLU FO [JKO XF HBBO TDIFUTFO 5PFO [FJ -FXJT A%BU JT BMMFNBBM MFVL FO BBSEJH NBBS XF IFCCFO OPH FFO SPEF ESBBE OPEJH FFO WFSIBBM JFUT EBU BM EJF JEFFÑO TBNFOCJOEU .BBS HPFE IFU JT MBBU MBUFO XF HBBO TMBQFO FO EBO IFC JL NPSHFOWSPFH CJK IFU POUCJKU FFO JEFF WPPS KF %F WPMHFOEF PDIUFOE [JU JL JO IFU IPUFM BBO EF POUCJKUUBGFM -FXJT TDIVJGU BBO FO [FHU A&JHFOMJKL JT IFU IFFM TJNQFM FFO 6'0

CVJUFOBBSET XF[FO TUPSU OFFS PQ EF BBSEF )JK NBBLU BMMF GBTFO WBO EF NFOTFMJKLF HFTDIJFEFOJT NFF FO NPFU FFO NBOJFS WJOEFO PN XFFS UF POUTOBQQFO /B IFU POUCJKU [BUFO XF XBU TDIFUTFO UF NBLFO WBO IFU NBSTNBOOFUKF FO EFSHFMJKLF UPFO 4JMWFTUFS VJUHFWFS 4JMWJP WBO EFS -PP POT LXBN PQIBMFO )JK [BH POT UFLFOFO FO WSPFH A8BU JT EBU 8F MFHEFO IFN IFU JEFF VJU 5PFO [FJ IJK A%BU XJM JL %BU CPFL XJM JL NFUFFO VJUHFWFO w 1BSNF HSJOOJLU v*L BOUXPPSEEF NBBS XF IFCCFO OPH CJKOB OJFUT PQ QBQJFS ;P JT 6'0 EVT JO /FEFSMBOE POUTUBBO w

$BSUPPO NPEFSO WBO "NJE "NJEJ )FU XBSFO UFLFOBBST EJF WFFM XFSLUFO WPPS EF UFMFWJTJF FO SFDMBNF FO EJF WFFM UFLFOJOHFO JO LPSUF UJKE NPFTUFO BnFWFSFO ;F LPOEFO OJFU [PBMT %JTOFZ FJOEFMPPT WFFM EFUBJMT JO IVO XFSL PQOFNFO ;F NPFTUFO IVO XFSL KVJTU [PWFFM NPHFMJKL WFSFFOWPVEJHFO PN TOFM UF LVOOFO XFSLFO %BU IFFGU NF BMUJKE FSH BBOHFTQSPLFO IPFWFFM KF NFU UFLFOJOHFO LVOU [FH HFO KVJTU EPPS [F [P FFOWPVEJH NPHFMJKL UF IPVEFO w

.BLLFMJKL 0OWFSLPPQCBBS )FU HFBNVTFFSEF HFWPFM WBO 'BCSJDF 1BSNF LPNU OJFU WBOVJU IFU OJFUT "BO IFU CFHJO WBO [JKO MPPQCBBO UPFO IJK FJOE KBSFO รถรฎ BMT FFO WBO EF FFSTUFO EF OJFVXF PQMFJEJOH TUSJQNBLFO JO "OHPVMร NF IBE BGHFTMPUFO BMT KBBSHFOPPU WBO P B /JDPMBT EF $Sร DZ FO .B[BO TUPOEFO VJUHFWFST CJK IFU [JFO WBO [JKO XFSL BMMFTCFIBMWF BBO [JKO POUCJKUUBGFM UF USBQQFMFO 0OWFSLPPQCBBS MVJEEF IFU 8BMUFS 1PMP PPSEFFM WBO VJUHFWFS "MCJO .JDIFM UPFO EF KPOHF 1BSNF FOUIPVTJBTU EF QBHJOB T WBO [JKO TUSJQ )B[FM $MVTUFS CJK EF VJUHFWFS IBE JOHFMFWFSE 1BSNF IBE EF TUSJQ PQ WFS[PFL WBO EF VJUHFWFS HFNBBLU IJK LSFFH OFUKFT WPMHFOT EF BGTQSBBL VJUCFUBBME NBBS [JKO CPFL CMFFG POVJUHFHFWFO PQ EF QMBOL MJHHFO %F BNCJUJ FV[F UXJOUJHFS MJFU [JDI OJFU [PNBBS BGTDISJLLFO FO [FUUF XFMHFNPFE FFO OJFVXF TFSJF PQ 8BMUFS 1PMP )FU FFSTUF EFFM EBBSWBO WFS TDIFFO JO รฏรทรทรฏ NBBS IFU UXFFEF EFFM 8BMUFS 1PMP DPOUSF 1BVMJOF 8BMUFS XFSE JO รฏรทรทรฑ FWFOFFOT BGHFXF[FO 8FFS LSFFH 1BSNF LFVSJH %F GBNJMJF 1JSBBU CFUBBME XFFS CFMBOEEF IFU SFTVMUBBU WBO [JKO CMPFE [XFFU FO USBOFO OJFU PQ EF ESVLQFST 1BSNF v0G JL UPFO CFO JOHFTUPSU "DI [P FSH JT IFU PPL XFFS OJFU )FU XBSFO CPFLFO EJF JL NBBLUF UPFO JL WFST WBO EF BDBEFNJF LXBN w .JO[BBN v*L XBT KPOH *O EJF UJKE XBT JL OBUVVSMJKL XFM XPFEFOE w "DIUFSBG EFOLU 1BSNF EBU IJK EF BGXJK[JOHFO UF EBOLFO IBE BBO [JKO FJHFO[JOOJHF UFLFOTUJKM FFO TUJKM EJF OPHBM BGXJKLU WBO EF LMBTTJFLF TUSJQWPPSCFFMEFO .FFS EBO IFU TUSJQWFSIBBM XBT IFU EF BOJNBUJFmMN XBBS IJK JOTQJSBUJF VJU QVUUF 5FLFOmMNT BMT .S .BHPP (FSBME .D#PJOH #PJOH FO EF 1JOL 1BOUIFS v%JF UJKE EF KBSFO รณรฎ XBT FFO SFWPMVUJPOBJSF QFSJPEF JO EF "NFSJLBBOTF BOJNBUJFmMN -BBUTU JT EBBS OPH FFO NBHOJmFL PWFS[JDIUTCPFL PWFS WFSTDIFOFO

/B [JKO XFJOJH TVDDFTWPMMF FFS TUF TUBQQFO PQ TUSJQHFCJFE HPPJU 1BSNF IFU PWFS FFO BOEFSF WPPS EF IBOE MJHHFOEF CPFH *O EF BOJNBUJF JOEVTUSJF WBMU [JKO UFLFOTUJKM XFM JO EF TNBBL &FO LMFJOF UJFO KBBS MBOH MFFSU IJK BMMF GBDFUUFO WBO IFU QSPEVDUJFQSP DFT WBO EF BOJNBUJFmMN LFOOFO ;P POUXFSQU IJK EF QFSTPOBHFT WPPS EF BOJNBUJFTFSJF -B GBNJMMF QJSBUF %F GBNJMJF 1JSBBU EJF PQ EF 'SBOTF KFVHEUFMFWJTJF FFO FOPS NF IJU XPSEU .BBS IFU CMPFE LSVJQU XBBS IFU OJFU HBBO LBO "MT 1BSNF PQ FFO GFFTUKF -FXJT 5SPOEIFJN UFHFO IFU MJKG MPPQU IFSLFO OFO [F JO FMLBBS EF QBTTJF WPPS EF QFSTPPOMJKLF CMJL [PBMT EJF VJU IFU TUSJQWFSIBBM TQSFFLU JO UFHFOTUFMMJOH UPU EF EPPS UFBNXPSL FO HSPUF CVEHFUUFO CFQBBMEF WJTJF WBO BOJNBUJFmMN 1BSNF HFFGU BBO EBU IJK HSBBH OPH FFOT [P O TUSJQ PQ [JKO OBBN XJM CSFOHFO 1BSNF v-FXJT [FJ NF A8F IFCCFO BMMFCFJ OJFU [P O NBLLFMJKL LBSBLUFS %BU [PV XFM FFOT MBTUJH LVOOFO XPSEFO .BBS BMT XF OV FFOT BMMFCFJ FFO MJKTU NBLFO WBO EJOHFO EJF POT BBOTQSFLFO %BO CFLJKLFO XF FMLBBST MJKTUFO PN UF [JFO PG XF HFNFFOTDIBQQFMJKLF QVOUFO IFCCFO %BU CMFLFO FS OPHBM XBU UF [JKO CJKWPPSCFFME EF TUBE 7FOFUJร FO EF 3FOBJTTBODF w ;P POUTUBBU EF TUSJQSFFLT 7FOF[JB )FU JT FFO LMBT TJFLF IVNPSJTUJTDIF BWPOUVSFOTUSJQ XBBSJO 1BSNF 7FOF[JB [JDI OPHBM WFSTMJLU EPPSEBU IJK FJOEFMPPT CMJKGU TMFVUFMFO BBO GSBBJF QFSTQFDUJFWFO FO IJTUPSJTDI WFSBOUXPPSEF EFDPST /B UXFF EFMFO [FUUFO CFJEF BVUFVST NFU BMT EJSFDUF BBOMFJEJOH EF EPPE WBO %BSHBVE VJUHFWFS (VZ 7JEBM FOJHT[JOT PQHFMVDIU FFO QVOU BDIUFS EF TFSJF 1BSNF v-FXJT FO JL XFSLUFO UPFO PPL BM TBNFO BBO ,POJOH 4OPUOFVT %BU JT FFO

)PF[P VJUHFSBOHFFSE &FO EFFM WBO 5SPOEIFJNT GBOUBTZ SFFLT %POKPO [JFU 'BCSJDF 1BSNF [JDI[FMG WPPSMPQJH OJFU UFLFOFO .BBS EBU LPNU EPPSEBU IJK EF LPNFOEF KBSFO ESVL JT NFU BOEFSF QSPKFDUFO PQ TDFOBSJP WBO EF BMMFTCFIBMWF AVJUHFSBOHFFSEF TUSJQ NBLFS VJU .POUQFMMJFS )FU FFSTU PQ EF SPM TUBBU 1BOEB 1BSNF v%BU JT FFO SFFLT PWFS FFO LMFJO NFJTKF FO IBBS LOVรตFM FFO QBOEBCFFS )FU [JKO LPSUF HBHT WBO 1BOEB UFMLFOT WJFS QMBBUKFT FOJHT[JOT UF WFSHFMJKLFO NFU 1FBOVUT )FU WFSTDIJM JT EBU EJF MPTTF HBHT TBNFO PPL FFO HSPUFS WFSIBBM WFSUFMMFO )FU JT OJFU BMMFFO FFO TUSJQ PN UF MBDIFO w 1BOEB TUBBU HFQMBOE WPPS รชรจรจรฐ CJK VJUHFWFSJK %FMDPVSU /BBTU 1BOEB XFSLU 1BSNF TBNFO NFU 5SPOEIFJN BBO FFO OJFVX EFFM WBO

SFFLT EJF HSBmTDI NJOEFS WFFMFJTFOE WPPS NF JT FO XBBS XF CPWFOEJFO BMMF LBOUFO NFF PQ LVO OFO .PNFOUFFM IFCCFO XF KBNNFS HFOPFH FFO KVSJ EJTDI DPOnJDU NFU FFO mMNQSPEVDFOU PWFS EF BOJNBUJF WFSTJF WBO ,POJOH 4OPUOFVT %BBSEPPS MJHU EF TUSJQSFFLT UPU VJUFSMJKL รฐรฎรฏรฎ TUJM ,POJOH 4OPUOFVT .BBS EBBSOB HBBO XF FS [FLFS NFF EPPS 8BOU IFU JT [P O HSBQQJH VJUHBOHTQVOU FFO LJOE LPOJOH EJF BMMFT LBO FO NBH 8F LVOOFO NFU EBU QFSTPOBHF FDIU BMMF LBOUFO VJU *L LBO BMMFT UFLFOFO XBU JL XJM "MT XF IFN OBBS FFO WSFFNEF QMBOFFU XJMMFO TUVSFO EBO LBO EBU w 1BSNF MBDIU v8BOU BMT 4OPUOFVT [JDI BMMFT LBO QFSNJUUFSFO LVOOFO -FXJT FO JL EBU PPL 2VFM QMBJTJS w

3PCCFEPFT NFU BMT XFSLUJUFM 1BOJRVF FO BUMBOUJRVF 1BOJFL PQ [FF )FU HBBU PN FFO EFFM JO EF SFFLT &FO WFSIBBM WBO 3PCCFEPFT EPPSy XBBSJO EJWFSTF UFLFOBBST EF LMBTTJFLF TUSJQmHVVS POEFS IBOEFO OFNFO [PBMT FFSEFS EJU KBBS OPH 'SBOL MF (BMM 1BSNF v-FXJT IFFGU NFU IFU MBBUTUF EFFM WBO ,PCJKO %F EFFMUKFTWFSTOFMMFS /FEFSMBOETF WFSUBMJOH UF WFSTDIJKOFO JO KVOJ รชรจรจรฐ SFE OBUVVSMJKL BM FFOT FFO 3PCCFEPFT WFSIBBM HFNBBLU .BBS EJU LFFS QSPCFSFO XF FDIU IFMFNBBM UF XFSLFO JO EF TUJKM WBO 'SBORVJO 3PCCFEPFT XFSLU BMT LSVJFS PQ FFO UZQJTDIF KBSFO รฎรจ QBLLFUCPPU o UPUEBU IFU BWPOUVVS MPTCBSTU )FU JT FDIU FFO KPOHFOTESPPN WBO NF [P O WFSIBBM WBO 3PCCFEPFT UF NPHFO UFLFOFO 5PFO JL IFU NJKO WBEFS WFSUFMEF XJMEF IJK NF OJFU HFMPWFO w #FHJO รชรจรจรฑ UF WFSTDIJKOFO CJK VJUHFWFSJK %VQVJT #FIBMWF CPFLFO TUBBO FS PPL EF OPEJHF BOJNBUJFTFSJFT JO EF TUFJHFST ;PESB FS FFO BOEFSF QSPEVDFOU JT HFWPOEFO FO EF SFDIUFO XFFS WSJK [JKO ,POJOH 4OPUOFVT .BBS JONJEEFMT XPSEU FS PPL BM POEFSIBOEFME PWFS BOJNBUJFCF XFSLJOHFO WBO 1BOEB FO 6'0 )PF APOWFSmMNCBBS 6'0 PPL NBH MJKLFO FS JT JONJEEFMT PQ JOUFSOFU BM FFO USBJMFS UF CFLJKLFO XXX TQJSJU QSPE DPN TJUF PWOJ IUNM "DUVFFM OJFVXT PWFS EF WPPSUHBOH WBO 1BOEB FO 3PCCFEPFT JT UF WJOEFO PQ XXX MFXJTUSPOEIFJN DPN QSPKFUT

QMFUUFO NBBS PPL IFU GFMMF SFBMJTNF FSWBO 7BO BMMF 6'0 NBO OFUKFT PWFSMFFGU FS UFMLFOT NBBS ร ร O %F MF[FS EJF IFU TQPPS WBO FFO WFSLFFSE NBOOFUKF WPMHU [JFU EBU POWFSBOEFSE PQ FFO WBBL TMBQTUJDLBDIUJHF XJK[F BBO [JKO FJOEF LPNFO 1BSNF v+B JO EJF [JO JT IFU XFM AHFWBBSMJKL 6'0 UF MF[FO "MT KF EF WFSLFFSEF MFFTSJDI UJOH LJFTU CFO KF AEPPE %BU JT FFO VJUHBOHTQVOU EBU JFEFSFFO LBO CFHSJKQFO w (SJOOJLFOE v)FU JT BMT IFU MFWFO [FMG Iร &ร O WFSHJT TJOH FO KF CFOU FS HFXFFTU )FU JEFF EBU KF BMT MF[FS NPFU [JFO UF APWFSMFWFO XBT FS BM WBOBG IFU CFHJO 8FMEFOLFOEF WPMXBTTFO [VM MFO NJTTDIJFO [FHHFO EBU [PJFUT OJFU FSH WFSIFฤ FOE JT WPPS LJOEF SFO EJF [P O UFLTUMP[F TUSJQ JO IBOEFO LSJKHFO .BBS EF NFFTUF LJO EFSFO EJF JL 6'0 IFC [JFO MF[FO [BUFO EF IFMF UJKE UF HSJOOJLFO 4UFSLFS OPH JL IFC LJOEFSFO WBO BNQFS UXFF KBBS PVE FS HFBNV TFFSE JO [JFO CMBEFSFO .BBS PPL FFO NFWSPVX WBO รทรณ EJF CJKOB WBO IBBS TUPFM SPMEF WBO IFU MBDIFO w ;P LBO FFO UFLTUMP[F TUSJQ BMT 6'0 BMMFSMFJ MFFGUJKET FO DVMUVSFMF HSFO[FO PWFSTUJKHFO ;FMGT CVJ UFO EF EBNQLSJOH [PV 6'0 JO EF TNBBL LVOOFO WBMMFO 'BCSJDF 1BSNF JT FWFO TUJM v+B EBU [PV LVOOFO w -BDIFOE v+F XFFU OPPJU 8F [PVEFO [F FFOT XBU FYFNQMBSFO NPFUFO UPFTUVSFO w 5PPO %PINFO

(FWBBSMJKL 5FSVH OBBS 6'0 (FJOJH BBO IFU CPFL JT OJFU BMMFFO IPF 5SPOEIFJN FO 1BSNF UJKE FO SVJNUF BMT TBOEXJDIFT PQ FMLBBS

8JF OJFU WBO HPFE HFWVMEF CPOUHFLMFVSEF NBJMMPUT IPVEU [BM IFU NJTTDIJFO [JKO POUHBBO POMBOHT WPOE FFO CFTDIFJEFO BBSE WFSTDIVJWJOH QMBBUT JO EF /FEFSMBOETUBMJHF TUSJQXFSFME 6JUHFWFSJK +VOJPSQSFTT BM ÃªÃ° KBBS IFU BESFT WPPS /FEFSMBOETUBMJHF TVQFSIFM EFOTUSJQT [BH IBBS .BSWFM IFMEFO OBNFMJKL WFSIVJ[FO OBBS EF DPODVSSFOU 7BOBG BQSJM EJU KBBS XPSEFO EF DPNJDT WBO EF 9 NBOOFO 4QJEFSNBO FO 8PMWFSJOF VJUHFHFWFO EPPS ; 1SFTT POEFS EF UJUFMT 9 NFO 4QJEFS NBO FO 8PMWFSJOF 7PMHFOT 1BOJOJ EBU XBBLU PWFS EF &VSPQFTF SFDIUFO WBO .BSWFM CPPE ; 1SFTT FFO IPHFS CFESBH WPPS EF SFDIUFO FO IBEEFO [F o PPL OJFU POCFMBOHSJKL o CFUFSF QMBOOFO WPPS EF UPFLPNTU )FU JT JOEFSEBBE XBBS EBU EF IFMEFO CJK +VOJPSQSFTT EF MBBUTUF KBSFO FFO TMVJNFSFOE CFTUBBO MFEFO %F WJFS TFSJFT 4QBXO FO EF ESJF FFSEFS HFOPFNEF SFFLTFO WBO .BSWFM TUBLFO XBU CMFFLKFT BG CJK EF WFMF SFFLTFO EJF IFU GPOET WBO +VOJPSQSFTT PPJU TJFSEFO OJFU BMMFFO WBO IFMEFO WBO .BSWFM P B %F )VML 'BOUBTUJD 'PVS FO %F 7FSHFMEFST FO %$ P B 4VQFSNBO FO #BUNBO NBBS PPL PWFS EJF WBO *NBHF $PNJDT FO 5PQ $PX P B 5PNC 3BJEFS 8JUDICMBEF FO Í·F %BSLOFTT 8F CFMEFO "OOB -PPT VJUHFWFS CJK +VOJPSQSFTT PN UF IPSFO XBBSPN IFU GPOET JO EF MPPQ EFS KBSFO [P JT VJUHFLMFFE

+VOJPSQSFTT v%F NBSLU JT UF LMFJO HFXPSEFO )FU JT BMUJKE BM FFO NBSHJOBMF NBSLU HFXFFTU PPL WSPFHFS .BBS EF NBSLU JT OV [FMGT [P LMFJO EBU IFU OJFU NFFS JT JO UF TDIBUUFO PG FFO UJUFM TVDDFT [BM IFCCFO ;FMGT EF mMNTQFDJBMT WBO .BSWFM WFSLPQFO OBVXFMJKLT )FU /FEFSMBOETF QVCMJFL MFFTU [JKO DPNJDT MJFWFS JO IFU &OHFMT [P JT IFU OV FFONBBM )FU NPNFOU XBBSPQ .BSWFM CFTMPPU IBBS DPNJDT EJSFDU UF WFSTQSFJ EFO JO &VSPQB XBT WPPS POT EBO PPL IFU LFFSQVOU %BBSEPPS [JKO XF IFFM WFFM WBTUF MF[FST WFSMPSFO .BSWFM [FMG JT FS POHFUXJKGFME CFUFS WBO HFXPSEFO NJTTDIJFO PPL XFM EF TUSJQTQFDJBBM[BLFO NBBS EF MPLBMF VJUHFWFST JO FML HFWBM OJFU w 5PDI MJKLU IFU NF EBU FS FFO NBSLU WPPS CFTUBBU %F VJUHBWFO WBO +VOJPSQSFTT XBSFO HFESVLU PQ CFUFS QBQJFS CFWBUUFO HFFO SFDMBNFT FO XBSFO HPFELPQFS EBO EF PSJHJOFMF VJUHBWFO #PWFOEJFO CFSFJLUFO [F FFO KPOHFS QVCMJFL EBU HFFO &OHFMT MFFTU v&S JT OBUVVSMJKL FFO HSPFQ NFOTFO EJF DPNJDT MJFWFS JO IFU /FEFSMBOET MFFTU EJF [BM FS PPL BMUJKE CMJKWFO NBBS EF SFBMJUFJU JT EBU EJF HSPFQ HFXPPO UF LMFJO JT )FU VJUHFWFO WBO /FEFSMBOETUBMJHF TVQFSIFMEFO JT NJTTDIJFO MFVL BMT IPCCZ NBBS WPPS FFO VJUHFWFSJK [JKO [F PQ EJU NPNFOU OJFU HFTDIJLU PN WBO UF MFWFO w 0OEBOLT IFU WFSMJFT WBO EF .BSWFMIFMEFO HPPJFO KVMMJF IFU CJKMUKF FS OJFU CJK OFFS +VMMJF HBBO EPPS NFU 4QBXO

v8BBSPN [PVEFO XF EBBSNFF TUPQQFO 0NEBU XF EF .BSWFM TVQFSIFMEFO LXJKU [JKO +F [JFU [F NJTTDIJFO OJFU UFSVH JO EF TUSJQ XJOLFM NBBS +VOJPSQSFTT IFFGU OPH FFO IFMFCPFM BOEFSF UJUFMT JO IBBS GPOET [JUUFO [PBMT TDIPPMBHFOEB T FO UJKETDISJGUFO WBO POEFS BOEFSF #BSCJF #SBU[ FO #PC EF CPVXFS SFE 8F [JKO OJFU EPPE MBDIU w .BBS ร ร O DPNJD TFSJF JT XFM XBU NBHFS #FTUBBU FS FFO LBOT EBU KVM MJF XFFS OJFVXF SFFLTFO BBO IFU GPOET UPFWPFHFO v)FU IBOHU FS WBOBG XBU [JDI WPPSEPFU NBBS PQ EJU NPNFOU BDIU JL EF LBOT LMFJO "MT XF SJKL XBSFO LPOEFO XF VJUHFWFO XBU XF XJMEFO NBBS EBU JT OPV FFONBBM OJFU IFU HFWBM *L [FJ IFU BM FFSEFS EF NBSLU JT UF LMFJO #FLFOEF UJUFMT BMT 4QJEFSNBO FO EF 9 NBOOFO WFSLPQFO OPH XFM HPFE o EJF SFFLTFO IBEEFO XF EBO PPL HSBBH WPPSUHF[FU o NBBS IFU JO EF NBSLU [FUUFO WBO FFO OJFVXF UJUFMy JL HFFG IFU KF UF EPFO w

; 1SFTT "OOB -PPT TQSFFLU NFU รฐรถ KBBS FSWBSJOH NBBS IBBS UFSVHIPV EFOEIFJE LBO IFU FOUIPVTJBTNF WBO 3PCFSU WBO (JOIPWFO OJFU CFUFVHFMFO "MT VJUHFWFS WBO ; 1SFTT o EF OJFVXF VJUHFWFSJK WBO EF .BSWFMTUSJQT o JT IJK ESVL CF[JH PN EF /FEFSMBOETUBMJHF TVQFSIFMEFO XFFS PQ EF LBBSU UF [FUUFO v1BOJOJ LFOEF POT BM MBOHFSF UJKE WBOXFHF PO[F KFVHEUJKETDISJGUFO [PBMT +FUJY NBHB[JOF FO 5PUBMMZ TQJFT FO IFFGU POT CFOBEFSE PN IFU TUPLKF WBO +VOJPSQSFTT PWFS UF OFNFO )PFXFM EF TBNFOXFSLJOH NFU +VOJPSQSFTT BMUJKE HPFE JT WFSMPQFO WPOEFO 1BOJOJ FO .BSWFM EBU EF BG[FU JO EF #FOFMVY JO HFFO WFS IPVEJOH TUPOE UPU EJF JO EF SFTU WBO EF XFSFME ;FMGT OJFU BMT KF SFLF OJOH IPVEU NFU EF USBEJUJPOFFM TUFSLF AFJHFO TUSJQDVMUVVS *L IFC BMMF SFTQFDU WPPS XBU +VOJPSQSFTT HFEVSFOEF รฐรถ KBBS IFFGU HFQSFTUFFSE NBBS GFJU JT EBU EF PQMBHFT EF MBBUTUF KBSFO BMMFFO NBBS EBBMEFO %F LBOT XBT HSPPU EBU /FEFSMBOETUBMJHF DPNJDT PQ UFSNJKO HFIFFM VJU EF XJOLFMT [PVEFO WFSEXJKOFO 8JK IPQFO EBU UJK UF LFSFO w +VMMJF HBBO WPPSUWBSFOE WBO TUBSU NFU FFO [XBBSEFS HMJNNFOE PNTMBH CFUFS QBQJFS WPPS IFU CJOOFOXFSL FO EBU BMMFT WPPS FFO MBHFSF QSJKT v,MPQU PPL JT EF PNWBOH NFU BDIU QBHJOB T UPFHFOPNFO ;P WPPS LPNFO XF EBU XF QBHJOB T NPFUFO LBOUFMFO FO WFSLMFJOFO 8F HBBO PPL BOEFST NFU EF WFSIBBMMJKOFO PN #JK +VOJPSQSFTT XBT IFU HFCSVJ LFMJKL PN QFS FEJUJF UXFF WFSIBBMMJKOFO EPPS FMLBBS UF QMBBUTFO %F FFSTUF IFMGU XBT EBO CJKWPPSCFFME PWFSHFOPNFO VJU 9 NFO FO EF UXFFEF IFMGU VJU "TUPOJTIJOH 9 NFO 8JK [VMMFO EF WFSIBMFO QFS WFS IBBMMJKO QVCMJDFSFO 8F CFHJOOFO EVT QBT NFU FFO OJFVX WFSIBBM BMT IFU WPSJHF JT BGHFSPOE 8BU CMJKGU JT EF OVNNFSJOH FO EF SFEBD UJF %JF XPSEU WFS[PSHE 0MBW #FFNFS FO 1FUFS EF #SVJO EJF PPL EF WFSUBMJOHFO CMJKWFO EPFO w 0Q EF XFCTJUF WBO +VOJPSQSFTT JT UF MF[FO IPF 1BOJOJ SFQU PWFS EF VJUHFCSFJEF QMBOOFO FO IFU IPHF CFESBH EBU KVMMJF CPEFO %BU EPFU WFSNPFEFO EBU IFU GPOET XPSEU VJUHFCSFJE NBBS UPU OPH UPF JT IFU FOLFM HFTMPOLFO 8PMWFSJOF JT WBO EF BBSECPEFN WFSEXFOFO v8PMWFSJOF [BM OJFU MBOHFS BMT MPTTF TFSJF XPSEFO VJUHFHFWFO NBBS BMT CVOEFMT NFU FFO WPMUPPJEF WFSIBBMMJKO %F FFSTUF WFSXBDIU JL JO TFQUFNCFS &O PN BOUXPPSE UF HFWFO PQ EF SFTU WBO KF WSBBH IFU JT [FLFS PO[F CFEPFMJOH EF QPSUGPMJP VJU UF CSFJEFO "MMFSFFSTU [VM MFO XF o XBBSTDIJKOMJKL SPOE EF SFMFBTF WBO EF CJPTDPPQmMN o FFO CVOEFM WBO EF 6MUJNBUF 'BOUBTUJD 'PVS VJUCSFOHFO "MT EJU BBOTMBBU [VMMFO FS [FLFS NFFSEFSF EFMFO WPMHFO 0PL BOEFSF TQFFMmMNT [PBMT อทF )VML รฐ FO CJOOFOLPSU *SPO .BO XPSEFO JO EF HBUFO HFIPVEFO

"OEFSF TFSJFT [VMMFO XF JO PWFSMFH EPFO NFU 1BOJOJ 5FHFMJKLFSUJKE CFO JL CF[JH NFU BOEFSF VJUHFWFSJKFO XBOU PPL EBU CFIPPSU [FLFS UPU EF NPHFMJKLIFEFO "MT IFU BBO NJK MJHU CSFJEFO XF IFU GPOET PPL VJU NFU BOEFSTPPSUJHF QSPEVDUFO [PBMT NBOHB FO PSJHJOFFM XFSL *L LBO EBBS FDIUFS OPH OJFU UFWFFM PWFS [FHHFO 8F XJMMFO FS FFSTU WPPS [PSHFO EBU EF IVJEJHF QPSUGPMJP FFO TVDDFT XPSEU w )FU HFSVDIU HBBU EBU 6JUHFWFSJK - FFO PPHKF IFFGU MBUFO WBMMFO PQ %BSL 5PXFS WBO 4UFQIFO ,JOH FO .BHJDJBO WBO & 'FJTU 5XFF TFSJFT WBO .BSWFM 7BMU EBU OJFU POEFS KVMMJF MJDFOUJF BGTQSBLFO v-VJUJOHI 4JKUIPฤ IFU NPFEFSCFESJKG WBO 6JUHFWFSJK - IFFGU EF SFDIUFO WPPS CFJEF BVUFVST JO IBOEFO %BU CFUFLFOU EBU [JK JO EJU HFWBM FFSTUF LFVT IFFGU w *O EF WPSJHF ;P[PMBMB IFCCFO XF IFU HFIBE PWFS TMFDIUF HFXPPOUFT WBO TPNNJHF EJTUSJCVUFVST FO VJUHFWFST )FU MJKLU FS PQ EBU PPL ; 1SFTT PQ EF WFSLFFSEF WPFU HFTUBSU JT %F DPNNVOJDBUJF MBBU o OB FFO HPFE CFHJO o OV UPDI UF XFOTFO PWFS FS [JKO POEVJEFMJKLIFEFO PWFS EF EJTUSJCVUJF FO EF LPSUJOHFO WPPS EF XJOLFMJFST [JKO CFOFEFO QFJM v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w

6JUHFWFSJK &O 6JUHFWFSJK - #FHFFGU [JK [JDI XFSLFMJKL PQ IFU DPNJDT QBE +BDRVFT 1PTU XBT [P WSJFOEFMJKL PN WMBL WPPS IJK PQ WBLBOUJF HJOH o NFU EF LPฤ FST SFFET JO EF IBOE o OPH FWFO BOUXPPSE UF HFWFO PQ EF[F MBBUTUF QSBOHFOEF WSBBH v.BHJDJBO WBO 'FJTU EPFO XF OJFU NBBS 4UFQIFO ,JOHT %BSL 5PXFS [VMMFO XF JOEFSEBBE VJUHFWFO )FU FFSTUF EFFM %F KPOHF KBSFO WBO EF TDIFSQTDIVUUFS [BM WFSTDIJKOFO JO KBOVBSJ รฐรฎรฎรถ )FU XPSEU FFO CVOEFM WBO รฏรทรฐ QBHJOB T EJF FFO POEFSEFFM [BM WPSNFO WBO EF PQOJFVX WPSNHFHFWFO FO CJOOFOLPSU UF WFSTDIJKOFO %POLFSF UPSFO CPFLFOSFFLT .JTTDIJFO [VMMFO XF JO EF UPFLPNTU WBLFS DPNJDT VJUHFWFO NBBS EBU IBOHU BG WBO EF BVUFVST 7FSTDIJKOFO FS DPNJDT HFCBTFFSE PQ IFU XFSL WBO BVUFVST VJU IFU GPOET WBO -VJUJOHI PG -VJUJOHI 'BOUBTZ EBO [VMMFO XF FS [FLFS OBBS LJKLFO 0WFSJHFOT TQFFMU IFU GBOUBTUJTDIF FMFNFOU XFMJTXBBS FFO SPM CJK EF LFV[F WBO CVJUFOMBOETF BBOLPQFO NBBS IFU JT [FLFS HFFO IBSEF WPPS XBBSEF -JUFSBJS XFSL LBO FWFOHPFE FFO QMBBUT LSJKHFO JO POT GPOET 6JUHFWFSJK - HSPFJU NBBS XF EPFO IFU HSBBH TUBQTHFXJKT w 4JHHF 4UFHFNBO

#FSJDIU WBO EPXO VOEFS

4)"6/ 5"/ %F KPOHF "VTUSBMJTDIF JMMVTUSBUPS 4IBVO 5BO XPO POMBOHT JO [JKO WBEFSMBOE "VTUSBMJÃ&#x2018; FFO QSFTUJHJFV[F MJUFSBJSF QSJKT WPPS [JKO TUSJQEFCVVU 5IF BSSJWBM EF /FX 4PVUI 8BMFT 1SFNJFS T #PPL PG UIF ZFBS *O 'SBOLSJKL XFSE IFU UFLTUMP[F BMCVN VJUHFCSBDIU EPPS %BSHBVE POEFS EF UJUFM -Ã&#x2039; PÃ¡ WPOU OPT QÃ&#x2019;SFT FFO [FME[BBN NPPJ CFFMEWFSIBBM VJU FFO TUSJQBSN DPOUJOFOU

Í·F BSSJWBM JT IFU WFSIBBM WBO FFO NBO EJF HSBmTDIF MJHHJOH UVTTFO PDFBBO FO XPFTUJKO IVJT FO IBBSE WFSMBBU PN FFO OJFVX MFWFO XBU HFÃ&#x2022;TPMFFSEF TUBE JO 8FTU "VTUSBMJÃ&#x2018; XBBS UF CFHJOOFO JO FFO BOEFS MBOE XBBS [FMGT EF JOEFSUJKE WFFM $IJOF[FO OBBS UPF USPLLFO NFFTU OPSNBMF EJOHFO WSFFNE [JKO *O Ã¯Ã°Ã¶ v"MT LJOE IBE JL FFO WBBH CFTFG WBO BG[PO QBHJOB T WFSUFMU 4IBVO 5BO [POEFS XPPS EFSJOH BMTPG JL NJKO JEFOUJUFJU FO NJKO XPS EFO IFU WFSIBBM WBO FFO FNJHSBOU WBO EF UFMT LXJKU XBT w MBBUTUF LVT PQ IFU USFJOTUBUJPO UPU EF MBUFSF "M KBSFO MJFQ 5BO SPOE NFU IFU JEFF WPPS IFSFOJHJOH NFU [JKO HF[JO %BU BMMFT JO FFO Í·F BSSJWBM ;JKO WBEFS WFSUFMEF IFN BMT LJOE GPUPSFBMJTUJTDIF UFLFOTUJKM NFU TGFFSWPMMF WFSIBMFO PWFS IPF IJK [JDI OB BBOLPNTU JO TFQJBUJOUFO BMTPG KF NFU Í·F BSSJWBM FFO "VTUSBMJÃ&#x2018; WFSCBBTEF PWFS EF NFFTU BMMFEBBH PVEFSXFUT GPUPCPFL JO IBOEFO IFCU FFO TF EJOHFO IFU WPFETFM EF LMFEJOH EF FFV WFSTMBH WBO EF SFJT XJHF NJTWFSTUBOEFO NFU EF BVUPDIUPOFO EJF [PWFFM NJHSBOUFO 5BO [PDIU WFSEFS OBBS WFSIBMFO WBO BBO IFU CFHJO WBO BOEFSF NJHSBOUFO JO "VTUSBMJÃ&#x2018; FO OBBS EJF EF UXJOUJHTUF FFVX WBO EF NJMKPFOFO &VSPQFBOFO EJF SPOE NBBLUFO WBO IFU Ã¯Ã·Ã®Ã® OBBS EF 74 USPLLFO )JK CFTUVEFFSEF &VSPQB JO DSJTJT OBBS WFFM GBNJMJFBMCVNT WPM PVEF GPUP T v*L SFBMJ EF 7FSFOJHEF 4UBUFO TFFSEF NF EBU IFU FJHFOMJKL FFO TPPSU QSFO .FU EBU WFSTDIJM EBU UFOCPFLFO [JKO XBBSJO JO DISPOPMPHJTDIF IFU CFMPPGEF MBOE JO WPMHPSEF JFNBOET MFWFO XPSEU WFSUFME w Í·F BSSJWBM PQ IFU %JF TGFFS WBO PVEF TFQJBGPUP T XJMEF IJK PPL FFSTUF HF[JDIU XFJOJH IFSLFOCBBST IFFGU PQSPFQFO JO Í·F BSSJWBM "MMFT JT FS POCFHSJKQFMJKL EF HFXPPOUFO EF )FU HFCSVJL WBO UFLTU IFFGU IJK CFXVTU nPSB EF GBVOB IFU FUFO EF BSDIJUFDUVVS WFSNFEFO *L XJM EBU EF FO CPWFOBM EF UBBM %F IPPGEQFSTPPO WPFMU MF[FS [JDI OFU [P WPFMU BMT EF [JDI OB UF [JKO POUTDIFFQU EJSFDU FFO CVJ IPPGEQFSTPPO JO IFU CPFL UFOBBSET XF[FO )JK NPFU PQ [PFL OBBS FFO FS JT HFFO HJET PG XPPSEFO IVJT FO OBBS XFSL .BBS [FMGT IFU EPFO WBO CPFL EJF KF XFHXJKT NBBLU JO EF EBHFMJKLTF CPPETDIBQQFO TUFMU IFN WPPS EF[F OJFVXF XFSFME XBBSJO IBBTU POPQMPTCBSF QSPCMFNFO ;JKO FOJHF IJK UFSFDIULPNU w &O PN PPL IPVWBTU WJOEU IJK CJK BOEFSF JNNJHSBOUFO EF MF[FS FFO HFWPFM WBO WFS EJF IFU[FMGEF IFCCFO EPPSHFNBBLU BMT IJK WSFFNEJOH UF HFWFO XJMEF v.FU Í·F BSSJ IJK HFFO CFTUBBO 4IBVO 5BO JT JO Ã©Ã±Ã¯Ã¬ HFCPSFO WBM IFC JL FFO EF XFSFME UFLFOFO v%F WPHFMT JO 1FSUI )JK NBBLUF EJWFSTF VOJWFSTFFM WFSIBBM [JKO FS FFSEFS WPHFMBDIUJH EF QSFOUFOCPFLFO POEFS BOEFSF XJMMFO NBLFO PWFS CPNFO FFSEFS CPPNBDIUJH EF 5IF SBCCJUT 5IF MPTU UIJOH XBU NJHSBOUFO NFOTFO ESBHFO WSFFNEF LMFSFO BOE 5IF SFE USFF XBBSNFF IJK NFFNBLFO w BMEVT %JF FSWBSJOH NPFUFO WFFM JNNJ NFFSEFSF LFSFO JO EF QSJK[FO 5BO JO FFO BSUJLFM HSBOUFO WPMHFOT NJK PPL IFC WJFM %BBSOBBTU XFSLU IJK WPPS WPPS 7JFXQPJOU CFO XBOOFFS [JK WPPS IFU FFSTU UFLFOmMNTUVEJP T XBBSPOEFS .BHB[JOF 5BO JT FSHFOT BBOLPNFO w 1JYBS PN HSBmTDIF JEFFÃ&#x2018;O BBO UF FSWBSJOHTEFTLVO "MT "VTUSBMJÃ&#x2018;S MBT 5BO [FM MFWFSFO WPPS UPFLPNTUJHF mMNT EJHF ;JKO WBEFS FFO EFO TUSJQT %JF XPSEFO FS PPL 5FSXJKM IJK UFLFOEF BBO 5IF BSSJ $IJOFFT WFSMJFU JO BNQFS HFNBBLU 8FM XPSEFO WBM XFSLUF 5BO PPL NFF BBO FFO Ã¯Ã·Ã´Ã® [JKO WBEFSMBOE WFFM DPNJDT FO NBOHB HFÃ&#x2022;N HFMJKLOBNJHF UIFBUFSQSPEVDUJF .BMFJTJÃ&#x2018; PN [JDI UF QPSUFFSE 5BO WPOE JOTQJSBUJF WBO [JKO TUSJQ %JF HJOH BM FFSEFS WFTUJHFO JO 1FSUI JO 3BZNPOE #SJHHT UFLTUMP[F JO QSFNJÃ&#x2019;SF PNEBU 5BO [P MBOH FFO EPPS [JKO HFP TUSJQ Í·F TOPXNBO WPPSBM OPEJH IBE [JKO CPFL BG UF SPOEFO ;JF PPL XXX TIBVOUBO OFU

CFLFOE WBO EF UFLFOmMN *O EBU CPFL LPNU FFO TOFFVXQPQ UPU MFWFO EJF EF WPPS IFN XPOEFSF XFSFME WBO EF NFOTFO WFSLFOU %F WFSXPOEFSJOH WBO EF TOFFVXQPQ PWFS BMMFEBBHTF EJOHFO BMT FFO LPFMLBTU FO FMFLUSJTDI MJDIU TQSBL 5BO BBO v&JHFOMJKL JT EJF TOFFVXNBO PPL FFO TPPSU NJHSBOU w 0N [JKO HFCSFL BBO TUSJQLFOOJT UF DPNQFOTFSFO o 5BO NBBLUF WPPSEJFO BMMFFO QSFOUFOCPFLFO o CFTUVEFFSEF IJK 4DPUU .D$MPVET TUBOEBBSEXFSL 6OEFSTUBOEJOH DPNJDT APN UF MFSFO IPF KF FFO TUSJQ PQCPVXU v)FU WFSTDIJM UVTTFO QSFOUFO CPFLFO FO TUSJQT JT EBU EF QMBBUKFT JO TUSJQT FFO EVJEFMJKLFS POEFSMJOH WFSCBOE NPFUFO IFCCFO ;F NPFUFO TBNFO FFO DPOUJOVF MJKO WPSNFO &JHFOMJKL MJKLU IFU NBLFO WBO TUSJQT NFFS PQ IFU NBLFO WBO mMN EBO JMMVTUSFSFO w *O Í·F BSSJWBM TDIFUTU 5BO XFMJTXBBS FFO GBOUBTJFSJKL VOJWFSTVN NBBS IFMFNBBM MPT WBO EF XFSLFMJKLIFJE TUBBU IFU OJFU %F WSFFNEF EJFSFO HFESBHFO [JDI XFM BMT PO[F IPOEFO FO LBUUFO )FU CFFME JO EF IBWFO XBBS EF IPPGEQFSTPPO BBOLPNU EPFU XFM EFOLFO BBO IFU WSJKIFJETCFFME JO /FX :PSL 5BO v"MT EF XFSFME EJF JL TDIFQ UF WFS WBO EF XFSLFMJKL IFJE [PV BGTUBBO LBO EF MF[FS [JDI FS OJFU NFF JEFOUJmDFSFO *L IFC NF MBUFO JOTQJSF SFO EPPS PVEF GPUP T WBO &MMJT *TMBOE FO EF NFOTFONBTTB T EJF EBBS IPOEFSE KBBS HFMF EFO BSSJWFFSEFO 7BO EBBSVJU [JKO NJKO FJHFO CFFMEFO POUTUBBO w )BOT WBO 4PFTU 5IF BSSJWBM VJUH -PUIJBO *4#/ Ã¨ Ã¯Ã«Ã¬Ã¬ Ã¨Ã®Ã±Ã¬ Ã¨ -Ã&#x2039; PÃ¡ WPOU OPT QÃ&#x2019;SFT VJUH %BSHBVE *4#/ Ã±Ã¯Ã° ÃªÃªÃ¨Ã Ã¨ÃÃ±Ã¯Ã¨ Ã¨ #JOOFOLPSU WFSTDIJKOU PPL FFO "NFSJLBBOTF FEJUJF CJK VJUH 4DIPMBTUJD

&TTFY $PVOUZ รฏ 5BMFT GSPN UIF GBSN +Fฤ -FNJSF 6JUH 5PQ 4IFMG รฏรฎรฎ QM [XBSU XJU TMBQQF LBGU หผ รท รทรณ JNQPSU

%F "UMBOUJTDIF 0DFBBO JT FFO TOFMXFH WPPS IFFO FO XFFS TDIJF UFOEF TUSJQJOWMPFEFO /PH FWFO [P EPPSHBBO FO XF LVOOFO TQSFLFO WBO EF USBOTBUMBOUJTDIF TDIPPM /PPSE "NFSJLBBOTF [XJFS JO FFO HFTUJMFFSEF &VSPQFTF WFSQBLLJOH )PF GSBBJ EBU LBO VJUQBLLFO XPSEU FFOT UF NFFS HFEFNPOTUSFFSE JO Tales from the farm WBO EF $BOBEFFT +Fฤ -FNJSF )FU BMCVN JT IFU FFSTUF [FMGTUBOEJHF EFFM WBO IFU ESJFMVJL Essex County. &ML WFSIBBM TQFFMU [JDI BG UFHFO IFU EFDPS WBO FFO QMBUUFMBOETHFNFFOTDIBQ JO EF $BOBEFTF QSPWJODJF 0OUBSJP *O Tales from the farm XPSEFO EF CFMFWFOJTTFO CFTDISF WFO WBO EF UJFO KBBS PVEF -FTUFS EJF OB IFU PWFSMJKEFO WBO [JKO NPF EFS XPSEU HFBEPQUFFSE EPPS [JKO HPFECFEPFMFOEF NBBS JOUSPWFSUF PPN ,FO %F[F IFFGU FFO CPFSEFSJK JO &TTFY $PVOUZ %F NPFJ[BNF SFMBUJF UVTTFO OFFอฏF FO PPN XPSEU EBOJH PQ EF QSPFG HFTUFME EPPS EF TUFFET TUFSLFSF WSJFOETDIBQ UVTTFO -FTUFS FO EF WPPSNBMJHF JKT IPDLFZTQFMFS +JNNZ -FCFVG )JK CFIFFSU OB FFO GBUBMF CMFTTVSF FFO CFO[JOFQPNQ FO CJK IVO FFSTUF POUNPFUJOH NBUTU IJK -FTUFS BMT EJF OJFU HFOPFH HFME IFFGU WPPS EF OJFVXF BnFWFSJOH WBO [JKO GBWPSJFUF TUSJQSFFLT %F WSJFOETDIBQ MJKLU FDIUFS WPPSBM UF CMPFJFO JO EF GBO UBTJFXFSFME WBO -FTUFS &FO GBOUBTJFXFSFME EJF EF XFFT IFMQU [JKO POUIFFNEIFJE UF EPPSTUBBO 7PPSXBBS HFFO MJDIUF LPTU WPPS EF MBOHF [XPFMF [PNFSBWPOE PQ EF DBNQJOH )FU BMCVN MFFTU FDIUFS BMT FFO USFJO %F IFGUJHF

%FBUI OPUF รฏ 7FSWFMJOH %FBUI OPUF รฐ $POGMVFOUJF 5BLFTIJ 0CBUB 5TVHVNJ 0ICB 6JUH ,BOB รฏรทรด QM [XBSU XJU QPDLFU หท รณ รทรณ QFS EFFM 4UFM KF WPPS KF WJOEU [PNBBS PQ TUSBBU FFO OPUJUJFCPFLKF NFU FFO IBOEMFJEJOH XBBSJO TUBBU EBU EF QFSTPPO XJFOT OBBN KF FSJO TDISJKGU [BM TUFSWFO %BU PWFSLPNU -JHIU [PPO WBO FFO QPMJUJF JOTQFDUFVS FO FFO CSJMKBOU TUVEFOU )FU CPFLKF JT BDIUFSHFMBUFO EPPS 3ZVL FFO CPWFOOBUVVSMJKL XF[FO FFO FOHFM EFT EPPET NFU BMT CFEPFMJOH IFU MFWFO PQ BBSEF FFOT nJOL UF WFSTUPSFO -JHIU JT EBBSWPPS FFO QFS GFDUF KPOHFO IJK WFSGPFJU EF IFEFOEBBHTF DPSSVQUF NBBUTDIBQQJK FO TUFMU [JDI UFO EPFM PN NFU HFCSVJLNBLJOH WBO IFU CPFLKF EF %FBUI OPUF IFU LXBBE UF CFTUSJKEFO EPPS NJTEBEJHFST VJU UF SPFJFO )FU MJKLU FFO OPCFM TUSFWFO NBBS FJHFOMJKL JT -JHIU HFFO IBBS CFUFS EBO EFHFOFO EJF IJK CFTUSJKEU FO IJK XPSEU [FMG FFO HF[PDIUF TFSJFNPPSEFOBBS )FU JT EF QPMJUJF OJFU POUHBBO EBU FS WFSEBDIU WFFM DSJNJOFMFO JO LPSUF UJKE [JKO PNHFLPNFO PQ POHFWFFS FFO [FMGEF

CFMFWFOJTTFO JO FFO QSJM KPOHFOTMFWFO XPSEFO NFU GSBHJFMF QFOMJKOFO FO MJDIUF QFOTFFMTUSFLFO EPPS +Fฤ -FNJSF PQ QBQJFS HF[FU 7PPSBM EF CFJEF HFUSPFCMFFSEF IPPGEQFSTPOFO o PPN ,FO FO EF LMFJOF -FTUFS o XPSEFO PQ EJF NBOJFS VJUFSTU CSFFLCBBS OFFSHF[FU %PPS EF USBOTQBSBOUF XFFSHBWF LBO CPWFOEJFO FMLF TVCUJFMF FNPUJFWFS BOEFSJOH NFU NJOJNBMF NJEEFMFO HMBTIFMEFS XPSEFO VJUHFCFFME %F TPCFSF [XBSU XJUQMBUFO WPSNFO CPWFOEJFO FFO TVCUJFM FO POOB ESVLLFMJKL EFDPS WPPS FFO XPOEFSTDIPOF QBSBCFM PWFS SPVX FO WFSXFSLJOH %F DPNNVOJDBUJF UVTTFO PPN FO OFFG LFONFSLU [JDI EPPS LPSUF [JOOFO EJF NPFJ[BBN EF LMPPG UVTTFO CFJEFO PWFSCSVH HFO 6JU EF UFLFOJOHFO EFOEFSFO EF POEFSIVJETF FNPUJFT FDIUFS EF MF[FS UFHFNPFU 8BU JT EF TUSJQ UPDI FFO QSBDIUJH NFEJVN BMT EF KVJTUF NFOTFO [JDI FSPWFS POUGFSNFO +FG /JFVXFOIVJT

POWFSLMBBSCBSF NBOJFS FO EF CSJMKBOUF NZTUFSJFV[F JOTQFDUFVS - XPSEU OBBS +BQBO HFTUVVSE PN EF [BBL UF POEFS[PFLFO %F HFIFJN [JOOJHF TFSJFNPPSEFOBBS IFFGU JONJEEFMT JO EF NFEJB EF OBBN ,JSB HFLSFHFO &S POUXJLLFMU [JDI FFO LBU FO NVJTTQFM UVTTFO -JHIU FO - XBBSCJK EF UXFF FMLBBS UFMLFOT FFO TUBQKF WPPS QSPCFSFO UF [JKO 6JUFSBBSE QSPCFFSU PPL 3ZVL EF [BBL UF CFร OWMPFEFO FO NPFU -JHIU EF EPPETFOHFM SFHFMNBUJH BGUSPFWFO -JHIU HBBU EPPS NFU IFU WFSNPPSEFO WBO DSJNJOFMFO NBBS NPFU UFHFMJKLFSUJKE QSPCFSFO UF WPPSLPNFO EBU [JKO JEFOUJUFJU BBO IFU MJDIU LPNU FO HBBU EBBSCJK MFU UFSMJKL PWFS MJKLFO %F FFSTUF UXFF EFMFO WBO %FBUI OPUF [JKO WFFMCFMPWFOE %BU JT OJFU [P [FFS UF EBOLFO BBO 0CBUB T UFLFOTUJKM EJF Fฤ DJร OU IFU WFSIBBM JMMVTUSFFSU NBBS [JDI EBBSJO OJFU FDIU POEFSTDIFJEU WBO BOEFSF NBOHB )FU JT KVJTU IFU WFSIBBM EBU CPWFO EF NJEEFONBBU VJUTUFFLU %FBUI OPUF JT FFO TQBOOFOEF UISJMMFS WPM QV[[FMT QMPUXFOEJOHFO FO CPWFOOBUVVSMJKLF FMFNFOUFO .BBS IFU WFSIBBM IFFGU PPL FFO mMPTPmTDIF EJNFOTJF FO SPFQU WSBHFO PQ PWFS FUIJTDIF HSFO[FO FO IFU CFTDIJLLFO PWFS MFWFO FO EPPE %BU NBBLU WBO %FBUI OPUF FFO SFFLT EJF PPL WPPS LSJUJTDIF TUSJQMF[FST EF NPFJUF XBBSE JT %F UXBBMGEFMJHF NBOHB %FBUI OPUF TMPFH JO +BQBO JO BMT FFO CPN FO IBBMEF POHFLFOE IPHF WFSLPPQDJKGFST &S XFSEFO UXFF BOJNBUJF mMNT WBO HFNBBLU FO FFO TQFFMmMN /B +BQBO WPMHEF EF 7FSFOJHEF 4UBUFO FO OV JT &VSPQB BBO EF CFVSU )PHF WFSLPPQDJKGFST [JKO OBUVVSMJKL HFFO HBSBOUJF WPPS LXBMJUFJU NBBS JO IFU HFWBM WBO %FBUI OPUF HBBO CFJEF QSJNB TBNFO )BOT 1PMT

)VJTIVMQ (FSPMG WBO EF 1FSSF 6JUH 0PHBDIUFOE รฏรฐรฎ Q LMFVS IBSEF LBGU หท รฐรฐ รณรฎ )FU EFCVVU WBO TDIJMEFS (FSPMG WBO EF 1FSSF 4UFFOTUPG XFSE WJFS KBBS HFMFEFO [ร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o BMT [PWFFM WSPVXFO JO $IJOB o UFHFO IBBS [JO XPSEU VJUHFIVXFMJKLU )BBS NBO UFSSPSJTFFSU IBBS FO TBNFO NFU EF KPVSOBMJTU POUWMVDIU [F IBBS TJUVBUJF ;F [PFLFO IVMQ CJK ;IJ -JOT NJOOBBS EF TVDDFTWPMMF TDISJKWFS 8P %BOH FFO QSPUร Hร WBO IFU

HF[BH 8P %BOHT WSPVX XJM FDIUFS XSBBL OFNFO PQ IBBS SJWBMF FO JT CPWFOEJFO CBOH EBU IVMQ BBO EF WMVDIUFMJOHFO IBBS NBBUTDIBQ QFMJKLF QPTJUJF JO HFWBBS CSFOHU /FU BMT CJK 4UFFOTUPG WPFM KF KF BMT MF[FS WBO )VJTIVMQ UPFTDIPV XFS %BU LPNU EPPSEBU 7BO EF 1FSSF [JKO HFTDIJMEFSEF SFBMJTUJTDIF UFLFOJOHFO PSEFOU BMT FFO GPUPSFQPSUBHF %F DPOUPVSFO WBO EF UFLFOJOHFO [JKO WBBH XBBSEPPS BGTUBOE POUTUBBU NFU IFU HFUPPOEF UBGFSFFM %F MF[FS CMJKGU CVJUFOTUBBOEFS BMTPG EJF LJKLU OBBS FFO NFU FFO PVEF DBNFSB HFmMNEF OJFVXTSFQPSUBHF PQ UW %JF BBOQBL XFSLU %F CFFMEFO WBO EF NBTTBMF TUVEFOUFOPQTUBOE JO รฏรทรถรท JO 1FLJOH MBBU 7BO EF 1FSSF WMPFJFOE PWFSHBBO JO EJF WBO EF WMVDIU WBO EF KPVSOBMJTU FO BMMFT XBU EBBSOB HFCFVSU )FU HFFGU [JKO WFSIBBM PWFSUVJHJOHTLSBDIU FO HFMPPGXBBSEJHIFJE EF HFUPPOEF CFFMEFO MJKLFO FDIU HFCFVSE 0PL EF QFSTPOBHFT [JKO WPMLPNFO SFBMJTUJTDI %F CFXFFHSFEFOFO WBO EF WSPVX WBO EF TDISJKWFS WBO EF IVJTIVMQ [F [JKO BMMFNBBM WPMLPNFO OBUVSFM JO EF HFCFVSUFOJTTFO WFSXFWFO )PFXFM IFU TMFDIUT PN mDUJFWF mHVSFO HBBU NBBL KF KF EBBSEPPS OFU BMT OB BnPPQ WBO FFO FDIUF OJFVXTSFQPS UBHF [PSHFO PWFS IPF IFU IFO WFSEFS WFSHBBU %BU NBBLU EBU )VJTIVMQ KF OPH MBOH CJKCMJKGU )BOT WBO 4PFTU

8BBSPN TQPFMFO XBMWJTTFO PQ PO[F TUSBOEFO BBO &NNBOVFM .PZOPU 6JUH %VQVJT รตรถ QM LMFVS IBSEF LBGU หท รฏรฑ รณรฎ 5FHFOXPPSEJH JT &NNBOVFM .PZOPU WPPSBM CFLFOE BMT EF NBO EJF 5BSEJ PQWPMHEF BMT UFLFOBBS WBO /FTUPS #VSNB NBBS IJK UJNNFSU BM FFO UJKEKF BBO EF XFH 7BO [JKO WSPFHF TUSJQT JT WPPSBM -B QFOTJPO EFT %FVY 3PTFT NFNPSBCFM ;JKO NFFS SFDFOUF XFSL o [PBMT IFU GSBBJF "OBUPNJF WBO EF XBOPSEF o IFFGU WBBL LVOTU FO IFU LVOTUF OBBSTDIBQ BMT UIFNB /BEBU .PZOPU FFO QBBS LFFS EF CFFMEFOEF LVOTU UPU POEFSXFSQ NBBLUF WBO FFO WFSIBBM HBBU IFU JO 8BBSPN TQPFMFO XBMWJTTFO PQ PO[F TUSBOEFO BBO PWFS MJUFSBUVVS .FU EF XBMWJT VJU EF XBU NFSLXBBSEJHF UJUFM WBO EF[F VJUHBWF XPSEU HFFO JO IFU XBUFS MFWFOE [PPHEJFS CFEPFME NBBS EF "NFSJLBBOTF TDISJK WFS +BNFT 8IBMFT 8FMMJDIU WFSXJKTU .PZOPU NFU EF[F OBBN OBBS EF # m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

8IBMFT #SFVJM MFFSU EBOL[JK [JKO SFEBDUSJDF JO EF 7FSFOJHEF 4UBUFO 8IBMFT LFOOFO %F POUNPFUJOH NFU 8IBMFT JT HFFO UFMFVSTUFMMJOH WPPS #SFVJM IJK IBOHU BBO [JKO MJQQFO FO FS POUTUBBU FFO WSJFOETDIBQ UVTTFO EF UXFF TDISJKWFST "MT 8IBMFT MBUFS 1BSJKT CF[PFLU MFFSU #SFVJM FFO BOEFSF 8IBMFT LFOOFO FFO DZOJTDIF OJFUTOVU EJF WPPS OJFNBOE SFTQFDU IFFGU 8JF JT 8IBMFT FJHFOMJKL 4QFFMU IJK EF SPM EJF IJK WPPS [JDI[FMG JO [JKO CPFLFO IFFGU HFDSFร FSE PG JT IJK FDIU FFO HFWPFMMP[F DZOJDVT )PF WFS JT EF[F XBMWJT CFSFJE PN UF HBBO FO IPF HPFE CFHSJKQU #SFVJM IFN FJHFOMJKL 0Q EJF WSBHFO NPFU EF MF[FS [FMG IFU BOUXPPSE [PFLFO "BO IFU TMPU LSJKHU IFU WFSIBBM FFO UISJMMFSBDIUJHF XFOEJOH EJF BM IFU WPPS HBBOEF PQ [JKO LPQ [FU FO 4JNPO CFTFGU EBU 8IBMFT BMUJKE FFO NZT UFSJF WPPS IFN [BM CMJKWFO &FO JOUSJHFSFOE CPFL EBU KF OB EF FFSTUF LFFS MF[FO TOFM PQOJFVX [BM PQQBLLFO )BOT 1PMT

%F IFMEFOEBEFO WBO 1PJTPO *WZ ï #MPFN WBO EF #BZPV #FSUIFU :BOO 6JUH %BSHBVE òö QBH LMFVS TMBQQF LBGU ˷ õ óî %F TUSJQSFFLT 1JO VQ WBO #FSUIFU FO :BOO XBT EJSFDU CJK WFSTDIJKOFO FFO IJU /JFU BMMFFO IBE EBU UPU HFWPMH EBU IFU CFPPHEF ESJFMVJL NFU OPH FFOT UXFF TFSJFT XFSE VJUHFCSFJE OV JT FS PPL OPH FFOT FFO QSFRVFM WBO HFNBBLU &FO TPPSU AKFVHE WBO TFSJF XBBSCJK IFU POU TUBBO WBO 1PJTPO *WZ VJU EF EPFLFO XPSEU HFEBBO EF UJUFMmHVVS VJU EF .JMUPO $BOJĉ BDIUJHF TUSJQ JO 1JO VQ

#JK BBOWBOH WBO IFU BMCVN JT [F FFO TUPFSF UPNCPZ WBO FFO KBBS PG FMG UXBBMG EJF TBNFOMFFGU NFU IBBS PVEFSF CSPFS JO EF [PNQJHF NPFSBTTFO WBO #BZPV "MMF DMJDIÏT WBO IFU EPOLFSF [VJEFO JO EF 74 LPNFO XFFS WPPSCJK EF NBOOFO [JKO IFU FRVJWBMFOU WBO EF EBBS WFFM WPPSLPNFOEF WBSLFOT WPPSOBNFMJKL PQ FUFO FO WPPSUQMBOUJOH

HFSJDIU %F WSPVXFO LPNFO FDIUFS CFIPPSMJKL [FMGTUBOEJH PWFS XBSF IFU OJFU EBU [F CJK #FSUIFU OBUVVSMJKL WPPSBM BBOXF[JH [JKO PN IVO SPOEJOHFO BBO EF MF[FS UF QSFTFOUFSFO )FU WFSIBBM JT JO FMLBBS HF[FU PN EF UPFLPNTUJHF CFMFWFOJTTFO WBO 1PJTPO *WZ FO EF OBEFSFOEF 5XFFEF 8FSFMEPPSMPH CJK FMLBBS UF CSFOHFO %BBSUPF IFFGU IBBS CSPFS FFO OJFU UF TUJMMFO WFSMBOHFO PN QJMPPU UF XPSEFO FO [POEFS BM UF WFFM QPFTQBT OFFNU IJK QMPUTFMJOH EF LVJFSMBUUFO PN BBO EJF SPFQJOH HFIPPS UF HFWFO 0OEFSUVTTFO [JKO FS o PI UPFWBM o PPL UXFF +BQBOTF TQJPOOFO PQHFEPLFO EJF JFUT WFSSBEFSMJKL HFNFFOT WBO QMBO [JKO )FU LPTU IBBS CJKOB IFU MFWFO NBBS MFWFSU IBBS VJUFJOEFMJKL EPEFMJKLF FJHFOTDIBQQFO PQ )FU WFSIBBM OFFNU UFO TMPUUF FFO CJ[BSSF XFOEJOH XBOOFFS QSFTJEFOU 3PPTFWFMU FFO HSPFQ WSPVXFO Ë MB $IBSMJF T "OHFMT GPSNFFSU PN EF WJKBOEFO WBO EF 74 UF CFTUSJKEFO "MMF BDIU WSPVXFO IFCCFO 9 NFO BDIUJHF FJHFOTDIBQQFO XBU EF TUSJQ FFO FFSEFS IJMBSJTDI EBO FFO HFMPPGXBBSEJH LBSBLUFS HFFGU #FSUIFU FO :BOO HSPTTJFSFO EBBS CJK JO HSBQQFO XBBSJO EF TUSJQMJFGIFCCFS NFOJH CFLFOEF TUSJQSFFLT [BM IFSLFOOFO ;FMEFO FDIU MFVL FFSEFS WPPSBM nBVX FO POOPEJH %F QBTUJDIF EJF EF NBLFST CFPPHEFO MJHU FS [P EJL CPWFOPQ EBU [F DPOUSBQSPEVDUJFG XPSEU %JU FFSTUF BMCVN o IFU CPFL FJOEJHU NFU FFO DMJĉIBOHFS WBO IFC JL KPV EBBS o CJFEU XFJOJH IPPQ EBU IFU LBO VJUHSPFJFO UPU FFO CJK[POEFSF SFFLT )FU FOJHF XBU WFSUFFSCBBS CMJKGU [JKO EF QFSGFDUF QJO VQT WBO #FSUIFU #FSU .FQQFMJOL

%F POHFMPGFMJKLF BWPOUVSFO WBO ,PCJKO î 4MBMPNT %F POHFMPGFMJKLF BWPOUVSFO WBO ,PCJKO ï #MBDLUPXO -FXJT 5SPOEIFJN 6JUH 4JMWFTUFS òô Q LMFVS IBSEF LBGU ˷ ïð óî 5PFO -FXJT 5SPOEIFJN CFHJO KBSFO OFHFOUJH WBOVJU IFU OJFUT [JKO POHFMPPn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î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

-JWF DBUT #FSU #MFFL 6JUH 4F×PS )FSOBOEF[ ô÷ QM [XBSU XJU TMBQQF LBGU ˷ ïî îî #FSU #MFFL UJNNFSU BMT JMMVTUSBUPS FO UFLFOBBS BBSEJH BBO EF XFH )JK QVCMJDFFSEF JO FJHFO CFIFFS #JH CSPUIFS JT XBUDIJOH NF FO .Z SPDL O SPMM CPPHJF %JF MBBUTUF TUSJQ XFSE EPPS 0PH #MJL MBUFS OPH FFOT IFSVJUHFHF WFO FO JT JONJEEFMT VJUWFSLPDIU %BBSOBBTU JT IJK FFO QPQVMBJS JMMVTUSBUPS WPPS BMMFSMFJ SPDL O SPMMGFTUJWBMT FO DE IPFTKFT +F WFSXBDIU EVT CJK FFO OJFVX CPFL WBO IFN EBU IJK [P O UJFO KBBS OB [JKO EFCVVU FFO TUVL CFUFS JT HFXPSEFO %BU WBMU FDIUFS FOPSN UFHFO #FSU #MFFL UFLFOEF JO FFSTUF JOTUBOUJF PWFS BMMFSMFJ TUPFSF NV[JLBOUFO FO NV[JFLMJFGIFCCFST EJF OJFUT BOEFST UF EPFO IFCCFO EBO VJUHBBO CJFS ESJOLFO FO PWFS NV[JFL LMFUTFO %BU EPFU IJK OV OPH TUFFET NBBS EBO JFUT WFSWFMFOEFS %F QFSTPOBHFT JO [JKO OJFVXF CPFL -JWF DBUT [JKO BOUSPQPNPSGF LBUUFO EJF HFLMFFE HBBO OBBS EF MBBUTUF QPQGFTUJWBMNPEF ;F SFQFUFSFO JO PFGFOSVJNUFT ESJOLFO CJFS FO USFEFO PQ 0OEFSUVTTFO CSVMMFO [F JO FFO WSFTFMJKLF NJY WBO /FEFSMBOET FO &OHFMT BMMFSMFJ PQQFSWMBLLJHF PO[JO OBBS FMLBBS &FO WPPSCFFME XBOOFFS JFNBOE EF PFGFOSVJNUF CJOOFO XBOEFMU v(VZT JU T VQ UP ZPV &WFSZUIJOH POEFS DPOUSPMF w "OUXPPSE v"MM TFU +PIO w v/BHFOPFH ESPPH w &O [P HBBU IFU EF IFMF UJKE NBBS EPPS 0Q EF BDIUFSHSPOE XPSEU FFO DPOnJDU UVTTFO EF [BOHFSFT FO IBBS WBEFS BBOHFTOFEFO NBBS EBU CMJKGU FSH BBO EF

%F PPSMPH WBO EF 4BNCFST )VHP FO *SJT ï :TMBJSF #BTUJEF .F[JM 6JUH 'VUVSPQPMJT (MÏOBU óô Q LMFVS IBSEF LBGU ˷ ïò óî %F BBOLPOEJHJOH WBO #FSOBSE :TMBJSF EBU IJK FFO TQJO Pĉ WBO [JKO HFMBVXFSEF SFFLT 4BNCFS XJMEF TUBSUFO [BM EPPS WFFM MJFGIFCCFST WBO [JKO XFSL NFU HFNFOHEF HFWPFMFOT [JKO POUWBOHFO ;FMEFO WPF HFO TQJO PĉT BSUJTUJFL JFUT UPF BBO IFU PSJHJOFFM ;F [JKO WBBL MPVUFS DPNNFSDJFFM JOUFSFTTBOU WPPS EF BVUFVST FO EF VJUHFWFS :TMBJSF IFFGU FS WPPS HFLP[FO FFO MBOHMPQFOEF SFFLT UF DSFÑSFO XBBSJO WFS TDIJMMFOEF WPPSPVEFST WBO EF IPPGEQFSTPOFO VJU EF PPSTQSPOLFMJKLF SFFLT WFSTQSFJE PWFS NFFSEFSF WFSIBMFODZDMJ BBO CPE LPNFO %F FFSTUF DZDMVT )VHP FO *SJT [BM VJU ESJF BMCVNT CFTUBBO FO TDIFUTU EF MPUHFWBMMFO WBO EF PVEFST WBO #FSOBSE 4BNCFS FO +VMJF UFHFO EF BDIUFSHSPOE WBO IFU SFWPMVUJFKBBS ïöñî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

PQQFSWMBLUF )FU JT KBNNFS EBU #FSU #MFFL [FMG PPL ESVNNFS JO EJWFSTF CBOET UF WFFM CMJKGU IBOHFO JO EF SPDLTDÒOF FO WPPS [JKO BOEFSF DSFBUJFWF VJUMBBULMFQ OJFU JFUT BOEFST CFEFOLU )JK JT FFO HPFEF UFLFOBBS IPFXFM IJK XFM ÒSH WFFM [JKO CFTU EPFU 1FUFS 1POUJBD OB UF EPFO %PPS EF UFLFOTUJKM TFUUJOH FO EF QFSTPOBHFT MJKLU 1POUJBDT TUSJQ 3FRVJFN 'PSUJTTJNP CJKOB FFO CMBVXESVL UF [JKO HFXFFTU WPPS EJU CPFL #MFFLT UFLFOTUJKM JT OFU BMT EJF WBO 1POUJBD FO &SJL ,SJFL QFSGFDU HFTDIJLU WPPS SPDL O SPMM JMMVTUSBUJFXFSL [P CMJKLU VJU EF WPPSCFFMEFO EJF PPL JO EJU CPFL [JKO PQHFOPNFO 5PU #MFFL FFO FDIU WFSIBBM XFFU UF CFEFOLFO JT IFU NJTTDIJFO NBBS CFUFS BMT IJK [JDI EBBSUPF CFQFSLU (FSBSE ;FFHFST

MJKLF CFHSBBGQMBBUT FO EF UPDI BM XBU MBCJFMF )VHP WFS MJFTU [JDI[FMG JO [JKO IFSTFOTQJOTFMT PWFS IFU LXBBE WBO EF XFSFME FO EF FFSTUF LJOEFSFO WBO "EBN :TMBJSF IFFGU WBO )VHP FO *SJT FFO OFHFOUJFOEF FFVXT 4UFOEIBMJBBOT GBNJMJFESBNB HFNBBLU JODMVTJFG MBOHF SPOLFOEF UFLTULBEFST )FU JT HFFO HFNBL[VDIUJHF TQJO Pĉ HFXPSEFO %BU JT WPPSBM UF EBOLFO BBO EF KPOHF UFLFOBBST +FBO #BTUJEF FO 7JODFOU .F[JM EJF :TMBJSF T JEFFÑO IFCCFO VJUHFXFSLU )VO UFLFOXFSL FO LMFVSHFCSVJL [JKO VJU[POEFSMJKL TGFFSWPM FO CFOBEFSFO :TMBJSF T FJHFO TUJKM VJU EF PPSTQSPOLFMJKLF 4BNCFS SFFLT %F TGFFS EJF [F NFU IVO XFSL PQSPFQFO TMVJU QSJNB BBO CJK EJF VJU EF MJUFSBUVVS WBO EJF UJKE %BBSOBBTU IFFGU :TMBJSF FSWPPS HFLP[FO EF TQJO Pĉ FO EF FJHFOMJK LF SFFLT OBVX NFU FMLBBS UF WFSXFWFO 7FSIBBMFMFNFOUFO VJU EF PPS TQSPOLFMJKLF TFSJF LFSFO UFSVH JO )VHP FO *SJT FO BOEFSTPN WFSXJK[FO BMMFSMFJ EFUBJMT VJU EJU BMCVN OBBS EF FFSEFSF BMCVNT EJF [JDI JO EF UPFLPNTU BGTQFMFO ;P POUTUBBU FFO LOBQ HFDPOTUSVFFSE NP[BÕFL BBO WFSIBBMMJKOFO EBU PPL IFU IFSMF[FO WBO EF PPSTQSPOLFMJKLF BMCVNT JOFFOT JOUFSFTTBOU NBBLU %BBSNFF MJKLU %F PPSMPH WBO EF 4BNCFST [PBMT BMMF WPPSWBEFSWFSIBMFO TBNFO HBBO IFUFO [PXBBS UPDI HFFO PWFSCPEJHF TQJO Pĉ UF XPSEFO NBBS XFM EFHFMJKL JFUT UPF UF WPFHFO "M NPFU EBU NFU FFO nJOLF TMBH PN EF BSN XPSEFO HF[FHE XBOU FS TUBBO OPH NJOTUFOT BDIU BOEFSF EFMFO PQ TUBQFM XBBSWBO EF WPMHFO EF DZDMVT XPSEU HFUFLFOE EPPS (SJĉP FO EF MBBUTUF [JDI BGTQFMFOE òî îîî KBBS WPPS PO[F KBBSUFMMJOH EPPS :TMBJSF [FMG 7PPS XJF WBO IPPHESBWFOEF SPNBOUJFL IPVEU o FO EBU NPFU XFM XBOOFFS KF EF PPSTQSPOLFMJKLF SFFLT HPFE WPOE o CFMPPGU IFU FFSTUF EFFM WBO )VHP FO *SJT JO FML HFWBM WFFM HPFET )BOT WBO 4PFTU

)FU CMPFE WBO EF 1PSQIZSFT ï 4PJ[JL 1BSOPUUF #BMBD 6JUH %BSHBVE òö QM LMFVS TMBQQF LBGU ˷ õ óî %JU WFSIBBM TQFFMU [JDI BG BBO EF LVTU WBO #SFUBHOF *O FFO LMFJO EPSQKF MFWFO EF JOXPOFST IPPGE[BLFMJKL WBO IFU TUSBOEKVUUFO [P PPL IFU KPOHF NFJTKF 4PJ[JL 0Q FFO EBH WJOEU [JK FFO IBMTTOPFS 0N UF WPPSLPNFO EBU BOEFSFO IFU WBO IBBS BGQBLLFO XJM [F IFU WFSTUPQ QFO JO FFO HSPU %BBS IFFGU [JK FFO POUNPFUJOH NFU (XÏNPO IFU MBBUTUF MJE WBO EF PPJU NBDIUJHF GBNJMJF 1PSQIZSF %F SFTU WBO [JKO GBNJMJF JT JO WSPFHFS UJKEFO UFSFDIUHFTUFME OB FFO EPPS IFO BBOHF SJDIU CMPFECBE &S CMPFJU JFUT NPPJT UVTTFO 4PJ[JL FO (XÏNPO UPU HSPPU POHFOPFHFO WBO EF EPSQTHFOPUFO EJF EF 1PSQIZSFT OPH BMUJKE IBSUHSPOEJH IBUFO #PWFOEJFO CMJKLFO JOFFOT BMMFSMFJ NFOTFO PQ [PFL UF [JKO OBBS IFU EPPS 4PJ[JL HFWPOEFO IBMTTOPFS 8BU JT IFU HFIFJN WBO EJU IBMTTOPFS &O XBU JT IFU HFIFJN WBO EF 1PSQIZSFT %JF WSBHFO XPSEFO JO IFU FFSTUF EFFM WBO )FU CMPFE WBO EF 1PSQIZSFT OPH OJFU CFBOUXPPSE %BU 4PJ[JL UPDI WBO CFHJO UPU FJOE CPFJU JT UF EBOLFO BBO EF HPFEF PQCPVX WBO TGFFS FO TQBO OJOH 5FLFOBBS +PÑM 1BSOPUUF IFFGU OPH OJFU [P WFFM XFSL PQ [JKO OBBN TUBBO NBBS PWFSUVJHEF BM FFSEFS NFU &FO TUBQ OBBS EF TUFS SFO 7PPSBM EF JOLMFVSJOH WBMU PQ BBO EF UFLFOJOHFO JO 4PJ[JL EF BDIUFSHSPOEFO [JKO EPPS IFU POUCSFLFO [XBSUF DPOUPVSFO WBHFS EBO EF WPPSHSPOE [PEBU FFO JMMVTJF WBO EJFQUF POUTUBBU %BU MFWFSU IFFM TGFFSWPMMF CFFMEFO PQ WBO CJKWPPSCFFME FFO TUPSNBDIUJHF LVTU )FU CMPFE WBO EF 1PSQIZSFT IFFGU JFUT XFH WBO EF TUSFFLUISJMMFS %F TQSJOLIBBO FO SPFQU PPL BTTPDJBUJFT PQ NFU EF [FFWBBSUTUSJQT WBO

#PVSHFPO FO .BLZP FO NFU 4BNCFS %BU MBBUTUF JT POEBOLT EF UPUBBM WFSTDIJMMFOEF PNHFWJOH WBO CFJEF WFSIBMFO IFMFNBBM OJFU WSFFNE XBOU IFU WFSIBBM XFSE HFTDISFWFO EPPS #BMBD IFU QTFVEPOJFN EBU :BOO PPJU FFSEFS HFCSVJLUF WPPS [JKO FFSTUF SFBMJTUJTDIF TDFOBSJP .JOEFS JT NFFS )FU JT PQWBMMFOE EBU IJK EJU QTFVEPOJFN XFFS VJU EF LBTU IFFGU HFIBBME )FU NBBLU JO FML HFWBM [FFS OJFVXTHJFSJH OBBS EF SJDIUJOH EJF EJU WFSIBBM JO EF WPMHFOEF EFMFO [BM VJUHBBO )BOT 1PMT

)FU $IJNQBOTFF TZOESPPN ï 1BSBEPY .BSB[BOP FO 1PO[JP 6JUH %BSHBVE óô QM LMFVS IBSEF LBGU ˷ ïñ îî )FU $IJNQBOTFF TZOESPPN JT EF [PWFFMTUF OJFVXF SFFLT JO IFU TDJ FODFm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nFWFSJOH

WBO FFO XJMMFLFVSJHF "NFSJLBBOTF UW TFSJF 4UBSHBUF )FU WFSIBBM HBBU PWFS EF UFSVHLFFS WBO EF "QPMMP ïï NJTTJF EJF WBO EF NBBO MBOEJOH OB ñö KBBS %BU JT OBUVVSMJKL PONPHFMJKL FO BM IFMFNBBM BMT EF CFNBOOJOH HFFO EBH PVEFS JT HFXPSEFO %/" UFTUT XJK[FO FDI UFS VJU EBU IFU FDIU PN EF PSJHJOFMF CFNBOOJOH HBBU EVT XBU JT FS OV FJHFOMJKL BBO EF IBOE )FU MJKLU FS PQ EBU EF KPOHF BBOUSFLLFMJKLF BTUSPOBVUF )ÏMÒ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

#FSMJKO ï %F [FWFO EXFSHFO #FSMJKO ð 3FJOIBSE EF WPT .BSWBOP 6JUH %BSHBVE óô SFTQ ôò QM LMFVS IBSEF LBGU ˷ ïñ îî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

UFMU PWFS EF WPPSWBMMFO FO BOHTUFO EJF IJK CJK [JKO WMVDIUFO IFFGU FSWBSFO &MLF NJTTJF PQOJFVX IJFME FFO EFSNBUF HSPPU SJTJDP JO EBU IFU TMFDIUT XFJOJHFO HFHFWFO XBT EJF UPU FFO HPFE FJOEF UF CSFOHFO %F CFNBOOJOH VJU IFU FFSTUF EFFM PWFSMFFGU EF PPSMPH EBO PPL OJFU NFU VJU[POEFSJOH WBO FFO WMJFHFS EJF EPPS [JFLUF IFU CFE NPFTU IPVEFO *O IFU UXFFEF EFFM JT IJK FFO WBO EF QJMP

UFO EJF IFU WFSXPFTUF #FSMJKO WJKG KBBS MBUFS NPFU WPPS[JFO WBO MFWFOTNJEEFMFO FO BOEFSF OPPE[BLFMJKLF HPFEFSFO %F TUBE JT LPSU EBBSWPPS EPPS EF HFBMMJFFSEFO JO [POFT WFSEFFME FO EPPS EF HFÕTPMFFSEF MJHHJOH IFU TMBDIUPĉ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ĉFO )FU BMCVN XBT BM KBSFO OJFU NFFS WFSLSJKHCBBS NBBS LSJKHU OV HFMVLLJH FFO UXFFEF MFWFO CJOOFO IFU DPODFQU WBO FFO IJTUPSJTDI QFSTQFDUJFG "MMFFO IBE .BSWBOP CFUFS IFU UFLFOXFSL WBO %F [FWFO EXFSHFO PQOJFVX HFEBBO [JKO IVJEJHF MJKOWPFSJOH JT WFFM BUUSBDUJFWFS EBO EJF WBO WJKGUJFO KBBS HFMFEFO *O 3FJOIBSE EF WPT IBOUFFSU IJK FFO TPFQFMF QFOTFFMMJKO EJF VJUFS NBUF FĉFDUJFG JT FO HSBmTDI GSBBJ PWFSLPNU *O IFU FFSTUF EFFM MBBU .BSWBOP PPL BM WFFM HPFEF TUSJQSFHJF [JFO NBBS [JKO MJKO WPFSJOH PPHU OPH PO[FLFS FO CSFFLCBBS #FSU .FQQFMJOL

%F [XFSWFS 3FOÏ )BVTNBO 6JUH %VQVJT òò QM LMFVS IBSEF LBGU ˷ ïñ óî %F OJFVXF CFFMESPNBO WBO 3FOÏ )BVTNBO [JU CPPSEFWPM IFFS MJKL HSPUFTLF QFSTPOBHFT EF CSVUF CPFS 'FSSF EJF BMT [JKO CMPFE PQTQFFMU EF [FVH HBBU EFLLFO [JKO TJNQFMF WSPVX (FFSLF EJF IFU BMMFFO POEFS EF UBGFM NFU IBBS FDIUHFOPPU EPFU UFSXJKM IBBS NPF EFS IBBS IBOE WBTUIPVEU FO EF CFSFTUFSLF LOFDIU -VEP EJF OBBS LMFJOF NFJTKFT HMVVSU %F WFSIBMFO WBO BM EJF QFSTPOBHFT XPSEFO WFSUFME EPPS FFO OBBNMP[F [XFSWFS EJF JO [JKO MFWFOTPOEFSIPVE WPPS[JFU NFU TUSPQFO FO IFU HFOF[FO WBO CPFSEFSJKEJFSFO ;PBMT WSJKXFM BM IFU XFSL WBO EF JONJEEFMT õï KBSJHF )BVTNBO TQFFMU PPL [JKO OJFVXTUF BMCVN %F [XFSWFS [JDI BG JO EF CPTTFO EF "SEFOOFO CFWPMLU EPPS FMGFO FO USPMMFO %F OBBNMP[F IPPGE QFSTPPO [PV FS [FMGT WBO BGTUBNNFO BMUIBOT WPMHFOT [JKO FJHFO WFSIBMFO &O OFU BMT JO [JKO WPSJHF BMCVNT IFFGU )BVTNBO IFU HFIFFM PPL OV XFFS JO [JKO LBSBLUFSJTUJFLF TQSPPLKFTBDIUJHF TGFFS WPMMF UFLFOTUJKM PQ QBQJFS HF[FU %F [XFSWFS JT NJOEFS IPPHESBWFOE EBO EF NFFS NZUIJTDIF WFSIBMFO EJF IJK NBBLUF NFU TDFOBSJTU 1JFSSF %VCPJT -BÕZOB FO [JKO WPSJHF TPMPBMCVN %F KBHFST WBO EF EBHFSBBE %F QFSTPOBHFT [PVEFO o NFEF EPPS EF UZQJTDI #FMHJTDIF TFUUJOH o [P XFHHFMP QFO LVOOFO [JKO VJU FFO CPFL WBO -PVJT 1BVM #PPO PG )VHP $MBVT ;F LPQQFMFO USBHJFL BBO WFSUFFSCBSF IVNPS %BU NBBLU %F [XFS WFS PPL EJSFDU UPU )BVTNBOT CFTUF XFSL UPU EVTWFS 5PDI JT IFU BMCVN OJFU [P HPFE BMT IFU IBE LVOOFO [JKO )FMBBT HVOU )BVTNBO [JDI[FMG UF XFJOJH SVJNUF PN EF MFVL CFEBDIUF QFS TPOBHFT FDIU UPU MFWFO UF XFLLFO 'FSSF (FFSLF -VEP [F XPSEFO BMMFNBBM BBOHFTUJQU FO WFSWPMHFOT HBBU %F [XFSWFS XFFS PWFS PQ

FFO BOEFS WFSIBBM %BU JT KBNNFS )BVTNBO IBE JO PQ[FU HPVE JO IBOEFO 7PPS FFO HPFEF TUSFFLSPNBO XBT IFU CFUFS HFXFFTU BMT IJK IFU WFSIBBM NFFS IBE VJUHFTQPOOFO JO QMBBUT WBO BMMFT JO òò QBHJOB T UF QSPQQFO )BOT WBO 4PFTU

1BVM PQ IFU QMBUUFMBOE .JDIFM 3BCBHMJBUJ 6JUH 0PH #MJL รฒรถ QM [XBSU XJU TMBQQF LBGU หท รท รทรณ 4PNNJHF TUSJQMF[FST IFCCFO IFU OJFU [P PQ BVUPCJPHSBmTDIF TUSJQT NFU FFO IPPH MJDIUIFJETHFIBMUF ;F HBBO FJHFOMJKL OFSHFOT PWFS [F ESFVUFMFO NBBS XBU WPPSU LPSUPN FFO IPPQ OBWFMTUBBSEFSJK 0PL 1BVM PQ IFU QMBUUFMBOE WPMEPFU JO BMMF PQ[JDIUFO BBO EBU WPPSPPS EFFM )FU CPFLKF CFWBU UXFF LPSUF WFSIBMFO XBBSJO EF UFLFOBBS LMFJOF WPPSWBMMFO VJU IFU IFEFO FO WFSMFEFO WFSUFMU )FU UJUFMWFSIBBM MBBU [JFO IPF FFO PQQFSWMBLLJH JODJEFOU VJU [JKO KFVHE OPH TUFFET EPPSXFSLU PQ [JKO JONJEEFMT WPMXBTTFO CFTUBBO )FU UXFFEF WFS IBBMUKF HBBU PWFS FFO [P NPHFMJKL OPH LMFJOFS WPPSWBM VJU [JKO WSPFHF KFVHE XBBSJO 1BVM NFU [JKO WBEFS NFF NBH OBBS EJFOT XFSL %BU CMJKLU PN IFU JONJEEFMT WSJKXFM WFSEXFOFO [FUBNCBDIU NFU MPEFO MFUUFST UF HBBO %F CFTDISFWFO WPPSWBMMFUKFT [JKO WPPS EF TFOTJUJFWF FO GBOUBTJFSJKLF IPPGEmHVVS WBBL NBSLFSJOHTQVOUFO NFU FOJHF JNQPSUBOUJF 8JF EF VOJWFSTFMF XBBSEFO EBBSWBO IFSLFOU [BM EBBS WPPS XBBSEFSJOH LVOOFO PQCSFOHFO 'FJU CMJKGU FDIUFS EBU IFU XFM FSH LPSUF WFSIBBMUKFT [JKO XBBSJO WBO FFO POUXJLLFMJOH OBVXFMJKLT TQSBLF JT 8BU EBU CFUSFGU JT IFU MBUFS HFUFLFOEF o NBBS FFSEFS JO IFU /FEFSMBOET WFSTDIFOFO o CPFL 1BVMT WBLBOUJFCBBOUKF EPPS [JKO PNWBOH WFFM NFFS FFO XFFSHBWF WBO EF POUXJLLFMJOH EJF FFO UJFOFS EPPSNBBLU OBBS EF WSPFH WPMXBTTFOIFJE

)FU XFSL WBO 3BCBHMJBUJ JT WPPSBM FFO PEF BBO EJFOT KFVHE XBBS CJK IJK [JDI HPFE SFBMJTFFSU EBU [JKO PVEFST IFN FFO WFJMJHF PNHFWJOH IFCCFO CF[PSHE &O EBU CJFEU WBO[FMGTQSFLFOE HFFO WPFS WPPS FFO HSPPUT FO NFFTMFQFOE MFWFO MBBU TUBBO WPPS BWPOUVVS FO TQBOOJOH 8JF FDIUFS PPH IFFGU WPPS IFU BMMFEBBHTF [BM EJU CPFLKF WPMEPFOEF LVOOFO XBBSEFSFO %F BVUFVS XFFU HPFE TFOUJNFOUFO VJU UF XFS LFO FO SBBLU EBBSCJK SFHFMNBUJH FFO HFWPFMJHF TOBBS 7FSEFS PHFO 3BCBHMJBUJ T UFLFOJOHFO HSBmTDI QMF[JFSJH IFMEFS IPFXFM [F NJOEFS HPFE [JKO VJUHFXFSLU BMT IFU BBOLPNU PQ QFSTQFDUJFG FO JOHFXJL LFMEF TJUVBUJFT )FU XBDIUFO JT OV PQ IFU BBOHFLPOEJHEF EFFM 1BVM HBBU PQ LBNFST #FSU .FQQFMJOL

)FU XBSF WFSIBBM WBO EF POCFLFOEF TPMEBBU )FU HFESPDIU FO EF HVJMMPUJOF +BDRVFT 5BSEJ 6JUH 0PH #MJL รณรถ QM [XBSU XJU TMBQQF LBGU หท รฏรฒ รทรณ %F KBSFO [FWFOUJH WBO EF WPSJHF FFVX [JKO EF POUXJLLFMJOHTKBSFO HFXFFTU WBO TUSJQGFOPNFFO 5BSEJ ;PFLFOE OBBS EF EFmOJUJFWF WPSN XBBSJO IJK [JKO TUSJQWFSIBMFO XJM HJFUFO PPHU [JKO XFSL BBO WBOLFMJKL IPVUFSJH FO XFJOJH TUJKMWBTU 8BBS UBMFOU WFSMPPDIFOU [JDI FDIUFS OJFU FO JO EF FFSTUF EFMFO WBO [JKO EPPSCSBBLSFFLT *TBCFMMF "WPOESPPE LSJTUBMMJTFFSU [JDI [JKO KVHFOETUJMBDIUJHF UFLFOIBOETDISJGU VJU 0PL JO /FEFSMBOE JT EF SFFLT FFO HSPPU TVDDFT )FU JT WPPS VJU HFWFSJK %SVLXFSL BBOMFJEJOH PN JO EF BSDIJFWFO UF HSBTEVJOFO FO JO รฏรทรถรฎ WFSTDIJKOU FFO CMPFNMF[JOH WBO PVE XFSL POEFS EF UJUFM Het gedrocht en de guillotine. *O รฏรทรถรฏ QVCMJDFFSU EF[FMGEF VJUHFWFS Het ware verhaal van de onbekende soldaat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et ware verhaal van de onbekende soldaat EXBBMU FFO TDISJKWFS EPPS FFO GBOUBTJFXFSFME XBBSJO IJK HFDPOGSPOUFFSE XPSEU NFU EF WFSMPFEFSJOH WBO [JKO WFSMFEFO FO EF QFSTPOBHFT VJU [JKO XFSL )FU WFSIBBM FJOEJHU NFU FFO TDIPU JO [JKO IPPGE JO EF MPPQHSBBG v*L XBT OJFU [FMG EF TDISJKWFS WBO EBU WFSIBBM BMMFT XBT EBO PPL WFFM FSHFS EBO JL PPJU [FMG NFU WFFM WFSCFFMEJOH IBE CFEBDIU w

*O Het gedrocht en de guillotine JT EF IPPGEQFSTPPO PQOJFVX NB SJPOFU FO IPPGESPMTQFMFS JO FFO OBDIUNFSSJFBDIUJHF PNHFWJOH %F HSVXFMJKLF XFSLFMJKLIFJE JT IJFS FDIUFS OJFU EF PPSMPH BM MJKLU EF IPPGEQFSTPPO WBO IFU GSPOU UF LPNFO NBBS EF EPPETUSBG EJF BBO IFU FJOEF WBO IFU WFSIBBM JO BM [JKO MPNQF CSVVUIFJE XPSEU WPMUSPL LFO %F WFSIBMFO XPSEFO EPPS 5BSEJ WFU VJUHFCFFME 7FFM QFSTP OBHFT JO [JKO XFSL PHFO MPNQ FO HFESBHFO [JDI CFLSPNQFO %F TUSJQNBLFS MBBU POT XFJOJH JMMVTJFT &FO TPPSU EJF EF EPPETUSBG FO PPSMPH LBO CFEFOLFO IPFGU CJK IFN PQ XFJOJH NFEFEPHFO UF SFLFOFO %F WJTVFMF LSBDIUQBUTFS VJU 'SBOLSJKL UPPOU JO IFU BMCVN UXFF LFFS BBO EBU EF DPNCJOBUJF WBO HSBmFL FO WFSUFMMJOH [JDI VJU TUFLFOE MFFOU WPPS IFU PWFSCSFOHFO WBO [XBSF UIFNB T Het ware verhaal van de onbekende soldaat / Het gedrocht en de guillotine JT OB EFSUJH KBBS OPH TUFFET FFO LMBQ NFU EF OBUUF EXFJM JO IFU HF[JDIU &FO BMCVN EBU FWFO POUIVUTFOE BMT JOESVLXFLLFOE JT Jef Nieuwenhuis

.PSSJTPO

(SBOU .PSSJTPO JT FFO WBO EF BBOTUPS NFOEF HSPUF OBNFO PQ DPNJDT HFCJFE %F 4DIPUTF WFFSUJHFS TDISFFG "SLIBN BTZMVN %PPN QBUSPM FO 8Fรฑ FO POUGFSNEF [JDI POMBOHT PWFS HFSFWJUBMJTFFSEF 4VQFSNBO FO #BUNBO SFFLTFO [JF ;P[P-BMB รฏรณรฏ 1VCMJDJTU 5JNPUIZ (BMMBIBO [JFU FFO HSPUF UPFLPNTU XFHHFMFHE WPPS .PSSJTPO XBOU IJK OPFNEF [JKO BDIUFSHSPOEFOCPFL PWFS EF NBO [POEFS NFU EF PHFO UF LOJQQFSFO (SBOU .PSSJTPO อณF FBSMZ ZFBST 4FRVBSU PSH หธ รฐรฐ รทรท NFU FFO JOUFSWJFX FO CFTDIPV XJOHFO *OUVTTFO MPPQU TDISJKWFS $SBJH .D(JMM [JDI BMWBTU XBSN WPPS FFO CJPHSBmF PWFS EF [FMGCFOPFNEF ADIBPTNBHJร S [PBMT UF MF[FO JT PQ XXX TFRVBSU PSH JOUFSWJFXT 5% )JK OPFNEF IFU JO IFU OBXPPSE WBO [JKO TUSJQ ,MF[NFS BM FFO WBO [JKO GBWPSJFUF CBOET *ONJEEFMT JT EVJEFMJKL HFXPSEFO EBU EF "NTUFSEBN ,MF[NFS #BOE FO +PBOO 4GBS EF IBOEFO JOFFO HBBO TMBBO 0Q EF XFCTUFL WBO EF "NTUFSEBNTF LMF[NFSGPSNBUJF TUBBU IFU OJFVXT EBU UFLFOBBS FO CBOE JO รฐรฎรฎรถ FFO TUSJQ Nร U DE NFU TQFDJBMF LMF[NFS DPNQPTJUJFT VJUCSFOHFO 7PPS FFO KFVHEJH QVCMJFL [FHHFO [F [FMG 0PL XPSEU FS PWFS FFO UIFBUFSUPVS OBHFEBDIU .FFS JOGP PQ XXX BNTUFSEBNLMF[NFSCBOE OM 0WFSJHFOT JT EJU TMFDIUT FFO EF WFMF QMBOOFO WBO EF JNNFS WPPSUSB[FOEF 1BSJKTF TUSJQNBLFS ;P JT IJK EJU WPPSKBBS PQ SFJT OBBS *OEJB HFXFFTU NFMEU IJK PQ [JKO XFCTUFL %BU MFWFSU OPH

WPPS IFU FJOEF WBO EJU KBBS FFO TUSJQCVOEFM WBO WJFSIPOEFSE QBHJOB T PQ o NBBS EBU LPNU PPL EPPSEBU EF UFLFOBBS FS HFMJKL NBBS FWFO [JKO HFUFLFOEF EJTDVTTJFT NFU .PFCJVT JO IFFGU PQHFOPNFO 8FSLUJUFM WBO EF CJK VJUHFWFSJK %FMDPVSU UF WFSTDIJKOFO UVSG .BIBSBEKBI &O PNEBU MFEJHIFJE OBUVVSMJKL HFFO PQUJF JT JT 4GBS WFSEFS CF[JH BBO FFO WFSTUSJQQJOH WBO %F 4BJOU &YVQร SZ T KFVHE LMBTTJFLFS %F LMFJOF QSJOT ;FMG FFO QPHJOH EPFO EF TUSJQNBLFS EJF TOFMMFS XFSLU EBO [JKO QVCMJFL LBO MF[FO CJK UF CFOFO LBO JO IFU 'SBOT PQ XXX QBTUJT PSH KPBOO 5% &MFLUSB "TTBTTJO IFU MFHFOEBSJTDIF CPFL EPPS 'SBOL .JMMFS FO #JMM 4JFOLJFXJD[ XBT FFO WBO EF FFSTUF LFSFO EBU 4JFOLJFXJD[ [JKO EVJWFMTLVOTUFO MJFU [JFO .BBS EF FJOESFEBD UFVS XBT FS CMJKLCBBS OPH OJFU LMBBS WPPS %F EJFQUF FO LMFVSFOQSBDIU WBO EF PSJHJOFMFO [JKO WPMMFEJH XFHHFWBBHE JO IFU BMCVN %BU CMJKLU XBOOFFS KF TVSGU OBBS EF TJUF WBO WJSUV FFM NVTFVN XXX XPSETBOEQJDUVSFT PSH %BBS [JKO [PXFM EF PSJHJOFMF QBHJOB T UF [JFO BMT EF WBMF QMBUHFTMBHFO QBHJOB T VJU IFU CPFL %F USBOFO TQSJOHFO KF JO EF PHFO BMT KF [JFU XBU POT MF[FST EPPS EF OFVT JT HFCPPSE 44 7PPS FJOE EF[F [PNFS TUBBU CJK VJUHFWFSJK 0PH #MJL EF /FEFSMBOETF WFSUBMJOH WBO ,MFJOF TUSPPNQKFT BBOHFLPOEJHE %F[F QTZDIPMPHJTDIF TUSJQ WBO 1BTDBM 3BCBUร EF NBLFS WBO *CJDVT JT EF MBBUTUF NBBOEFO JO 'SBOLSJKL FO #FMHJร JO EF QSJK[FO HFWBM MFO 5JKEFOT EF 4USJQWFFSUJFOEBBHTF WBO #SVTTFM WBO รฏรณ KVOJ UPU รฏ KVMJ XFSE ,MFJOF TUSPPNQKFT EF 1SJY :WBO %FMQPSUF EF CFMBOHSJKLTUF QSJKT WBO IFU GFTUJWBM UPFHF LFOE &O CFHJO KVOJ TUBLFO EF 'SBOTF HFTQF DJBMJTFFSEF CPFLWFSLPQFST BM EF MPGUSPNQFU A&FO MVDIUJH FO UPDI FSOTUJH WFSIBBM PWFS EF MJFGEF FO WSJFOETDIBQ &FO QSBDIUJHF PEF BBO IFU MFWFO NFFOEFO [JK ;F HBWFO ,MFJOF TUSPPNQKFT FFO FFSWPMMF WFSNFMEJOH NFF CJK EF VJUWFSLJF[JOH WBO IVO TUSJQ WBO IFU

KBBS รฐรฎรฎรต FFO LFVT EJF PWFSJHFOT WJFM PQ IFU POWFSUBBMEF -FT DJOR DPOUFVST EF #BHEBE WBO UFLFOBBS 'SBOU[ %VDIB[FBV FO TDFOBSJTU 'BCJFO 7FIMNBOO 5% (FO CBSSFWPFUT JO )JSPTIJNB EF CFSPFNEF BVUPCJPHSBmTDIF NBOHB WBO ,FJKJ /BLB[BNB IFFGU JO 'SBOLSJKL EF FFSTUF 1SJY "TJF HFLSFHFO FFO QSJKT UPFHFLFOE EPPS HF[BNFOMJKLF TUSJQDSJUJDJ %F QSJKT XFSE VJU HFSFJLU PQ EF +BQBO &YQP UF 1BSJKT )W4

3JDL (SJรถO

8FJOJHFO LFOOFO EF NBO WFMFO LFOOFO [JKO XFSL )JK UFLFOEF TVSGTUSJQT TQFUUFSFO EF SPDLQPTUFST IFSNFUJTDIF VOEFSHSPVOE DPNJY FO FFO CFLFOEF QMBUFOIPFT WPPS EF (SBUFGVM %FBE UPUEBU IJK JO EF )FSF HJOH 3JDL (SJฤ O รฏรทรฒรฒ รฏรทรทรฏ &FO PWFS[JDIU FO FWBMVBUJF WBO AT IJQQJFT XFSL JT UF [JFO FO OB UF MF[FO JO EF FYQPTJUJFDBUBMPHVT )FBSU UPSDI 3JDL (SJฤ O T USBOTDFOEFODF (JOHLP 1SFTT หธ รฐรท รทรณ %F FYQPTJUJF [FMG JT OPH UF [JFO JO IFU -BHVOB "SU .VTFVN -BHVOB #FBDI $BMJGPSOJร NPDIU KF WPPS รฑรฎ TFQUFNCFS OPH PQ FFO HVOTUJHF HPMG PPTUXBBSUT CFMBOEFO .P[FTLSJFCFM XXX MBHVOBBSUNVTFVN PSH DVSSFOU@FYIJCJUT IUNM 5% 5FSXJKM EF MBBUTUF IBOE OPH HFMFHE NPFU XPSEFO BBO IFU EFSEF EFFM WBO [JKO USJ MPHJF #FSMJKO [JF FMEFST JO EJU OVNNFS JT .BSWBOP BM XFFS WPMPQ CF[JH NFU BOEFSF QSPKFDUFO *O FFO JOUFSWJFX NFU 4USJQFMNBHB[JOF WFSUFMU IJK EBU IJK TBNFO NFU .BHEB EF UFLFOBSFT WBO $IBSMZ CF[JH JT BBO FFO MPTTUBBOE BMCVN WPPS EF DPMMFDUJF (FUFLFOE WBO -PNCBSE 7FSEFS XFSLU IJK TBNFO NFU +PF )BMEFNBO P B %F FFVXJHF PPSMPH BBO EF TUSJQ รฏรทรดรถ v&FO TPPSU SFDPO TUSVDUJF WBO FFO NBHJTDI USBHJTDI KBBS w )W4 .FU 8BUDINFO 'SPN IFMM -PTU HJSMT FO 7 GPS WFOEFUUB IFFGU "MBO .PPSF EF MBBUTUF EFDFOOJB FFO SFTQFDUBCFM BBOUBM LMBTTJFLFST PQ [JKO OBBN HFCSBDIU %F MJFGIFCCFST IFC CFO PWFS BDIUFSHSPOENBUFSJBBM PWFS EF LXBMJUFJUTTDISJKWFS VJU /PSUIBNQUPO OPPJU UF LMBHFO HFIBE &O EF SFDFOU PQ EWE VJU HFCSBDIUF EPDVNFOUBJSF อณF NJOETDBQF

PG "MBO .PPSF WBO %F[ 7ZMFO[ NPFU [FMGT EF NFFTU OPUPJSF LMBHFS UPDI NJOTUFOT UXFF VVS IFU [XJKHFO LVO OFO PQMFHHFO .FU CF[XFSFOEF TUFN MJDIU .PPSF [JKO ESJKGWFSFO HFEVM EJH OPH FFOT UPF P B 1BVM (SBWFUU .FMJOEB (FCCJF TJOET LPSU PĊDJ FFM .ST .PPSF FO ,FWJO 0 /FJMM LPNFO BBO IFU XPPSE 'JMNUSBJMFS FO NFFS JOGP XXX TIBEPXTOBLF DPN LMJLLFO PQ .BSLFU QMBDF 5% .FOTFO NFU FFO CSBOEFOEF QBTTJF WPPS IFU #SJUTF TUSJQWFSIBBM o "MBO .PPSF #SJBO 5BMCPU %BWF .D,FBO 1PTZ 4JNNPOET o [JKO TJOET CFHJO EJU KBBS HFIPMQFO NFU IFU PWFS[JDIUTCPFL (SFBU #SJUJTI DPNJDT WBO 1BVM (SBWFUU 8JF EBBS OPH OJFU HFOPFH BBO IFFGU LBO [JDI BMWBTU PSJÑOUFSFO PQ IFU EJHJUBMF LBOBBM ##$ ò 7PPS EJF [FOEFS MFHU EF[FMGEF 1BVM (SBWFUU EF[F [PNFS EF MBBUTUF IBOE BBO $PNJDT #SJUBOOJB FFO SFFLT WBO ESJF VJU[FOEJOHFO PWFS EF #SJUTF TUSJQHF TDIJFEFOJT EJF JO EF IFSGTU UF [JFO [BM [JKO .FFS JOGP XXX QBVMHSBWFUU DPN 5% (PFE OJFVXT WPPS EF WFMF GBOT WBO UFLFOBBS +BO #PTTDIBFSU OB FFO QBV[F WBO BDIU KBBS WFSTDIJKOU FS WPMHFOT VJUHFWFSJK 4UBOEBBSE CFHJO OPWFNCFS XFFS FFO OJFVX EFFM WBO EF LJOEFSTFSJF 4BN EBU #PTTDIBFSU NBBLU NFU TDFOBSJTU .BSD -FHFOESF )FU BMCVN HBBU %VCCFM FO EXBST IFUFO FO FFO UJFOEF EFFM [JU PPL BM JO EF QMBOOJOH )W4

5BMFOU XJM WFSEFS NFU EF LSFOUFO JO EF QBQ *O ;P[PMBMB éìñ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v5BMFOU GBJMMJFU %BBS JT IFMFNBBM OJLT WBO XBBS *L IFC FFO TBCCBUTKBBS JOHFMBTU PN NJKO QSPCMFNFO PQ UF MPTTFO *L IFC NJKO IFMF CFESJKG IFS[JFO *L IBE ESJF QBLIVJ[FO

"HFOEB 0Q [BUFSEBH éð BVHVTUVT XPSEU JO ,BNQFO IFU QMBBUTFMJKLF TUSJQTQFLUBLFM HFIPVEFO 7BO éè UPU éï VVS LVO KF FS UFSFDIU JO EF CJOOFOTUBE XBBS JO EF TUBOET UFLFOBBST BMT )BODP ,PML .BSUJO -PEFXJKL FO $MBVT 4DIPM[ BDUF EF QSÏTFO DF [VMMFO HFWFO .FFS JOGP PQ XXX TUFDL OM *O TQPSUDFOUSVN 7BMLFODPVSU UF 7BMLFOTXBBSE LBO FMLF MJFGIFCCFS EJU KBBS PQ êí FO êî BVHVT UVT UFSFDIU WPPS BMXFFS EF êêTUF FEJUJF WBO IFU #SBCBOUT 4USJQTQFLUBLFM %F FOUSFF JT ë FVSP LJOEFSFO POEFS EF é NFUFS íè CFUBMFO EF IFMGU %F PSHBOJTBUJF WFSXBDIU TJHOFSFOEF BVUFVST BMT %BBO +JQQFT .BMJL $PY $BVWJO FO 1BVM (FFSUT "MMF JOGPSNBUJF PWFS POEFS BOEFSF EF TQFDJBMF VJUHBWFO WJOE KF PQ XXX TUSJQTQFLUBLFM OM /PH UF [JFO UPU FO NFU êî BVHVTUVT JO NVTFVN 8JMMFN WBO )BSFO UF )FFSFOWFFO EF UFOUPPOTUFMMJOH $PSL FO [JKO XFSFME NFU XFSL WBO DBSUPPOJTU $PS )PFLTUSB éñëé éññî 7PPS JOGPSNBUJF PWFS P B EF PQFOJOHTUJKEFO XXX XJM MFNWBOIBSFO OM 0Q éî TFQUFNCFS WJOEU JO .FDIFMFO EF KBBSMJKLTF TUSJQ QMBUFO FO EWE CFVST QMBBUT *O

WPM NFU WPPSSBBE EBBS JT FS OV OPH NBBS ÏÏO WBO PWFS *L IBE NJKO CPFLFO LVOOFO MBUFO WFSOJFUJHFO NBBS JL IFC IFU OJFU HFEBBO 4PNNJHF BOEFSF VJUHFWFSJKFO IFC CFO EBU XFM HFEBBO NFU NBBS MJFGTU IPO EFSEEVJ[FOEFO CPFLFO VJU o POWFSLPPQ CBSF o WPPSSBBE *L WJOE EBU EPPE[POEF 0Q EJU NPNFOU IFC JL OPH [P O WFFSUJH Ë WJKGUJH UJUFMT EJF JL NPFU VJUCSFOHFO WPMHFOT NJKO PVEF DPOUSBDUFO %BU MJHU [XBBS PQ NJKO NBBH NBBS JL [BM [F VJUCSFOHFO FO EBO CFLJKL JL PQOJFVX XBU JL XJM EPFO w

EF TQPSUIBM WBO IFU 4DIFQQFSTJOTUJUVVU BBO EF .FMBBO éî 7BO ñ UPU éð VVS [JKO EF EFVSFO PQFO 7PPS êê FO êë TFQUFNCFS XPSEU IFU UXFFEF -PPJLFT 4USJQGFTUJWBM HFPSHBOJTFFSE JO DVMUV SFFM DFOUSVN )FU -PP UF 5FTTFOEFSMP JO #FMHJÑ .FFS JOGP PQ XXX UFTTFOEFSMP CF *O )PVUFO WJOEFO EJU KBBS PQ êñ FO ëè TFQ UFNCFS EF USBEJUJPOFMF 4USJQEBHFO QMBBUT *O IFU &VSFUDP &YQP $FOUFS BMEBBS LVOOFO WPMXBT TFOFO WPPS ð FVSP FO LJOEFSFO UPU BOEFSIBMWF NFUFS WPPS í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

EPPS NFU VJUHFWFO NBBS NFU NJOEFS SFFL TFO JO FFO MBHFS UFNQP FO NFU LMFJOFSF PQMBHFT EJF [VMMFO PQSBLFO [PEBU JL OJFU NFFS IPFG UF EVNQFO 5PU WPPS LPSU ESVLUF JL IPHF PQMBHFT PN HPFELPQFS UF LVOOFO ESVLLFO NBBS EBO LPN KF NFU FOPSNF WPPSSBEFO UF [JUUFO %F PQTMBH EBBSWBO LPTU EBO PPL XFFS QBLLFO NFU HFME w

5BMFOU IFFGU JO EF MPPQ EFS KBSFO FFO TMFDI UF OBBN PQHFCPVXE EPPS IFU EVNQFO WBO IBBS CPFLFO 7FS[BNFMBBST WPFMEFO [JDI CFLPDIU XJOLFMJFST CMFWFO BDIUFS NFU ,PSSJHBOT ë JT OFU WFSTDIFOFO CJK VJUHFWFSJK EVSF POWFSLPPQCBSF WPPSSBEFO #FHSJKQ %BFEBMVT )FU TMPU WBO 99F $JFM JT BBOHF JL IFU HPFE EBU KF EBBS WBO BG XJMU TUBQQFO LPOEJHE EPPS 0PH FO #MJL #FJEF XBSFO v*L IFC IFU BG FO UPF JOEFSEBBE UF CPOU UJUFMT WBO 5BMFOU )PF [JU EBU HFNBBLU %BU HFFG JL UPF JL CFO EBBS OJFU v*L IFC POHFWFFS FFO LXBSU WBO NJKO UJUFMT mFS PQ 5FHFMJKLFSUJKE FSHFS JL NF XFM BBO BGHFTUPUFO .FU EF SFTU EF UJUFMT EJF JL MFVL IFU FFVXJHF HFLMBBH JO EF TUSJQXFSFME 7FS[BNFMBBST FJHFOFO [JDI EBU SFDIU UPF WJOE HB JL EPPS *L CFO JONJEEFMT ìï KBBS *T EF PQMBHF IPPH EBO XPSEU FS HFLMBBHE FO XJM IFU SVTUJHFS BBO EPFO 7PPSUBBO LPNU NJKO HF[JO PQ EF FFSTUF QMBBUT *L HB PWFS EVNQQSBLUJKLFO *T EF PQMBHF MBBH

EBO LMBBHU NFO PWFS FFO UF IPHF QSJKT *O BOEFSF CSBODIFT JT IFU IFFM OPSNBBM EBU PWFSTDIPUUFO XPSEFO HFEVNQU NBBS JO EF TUSJQXFSFME XPSEU EBBS BMUJKE PWFS HF[FVSE *L [PV IFU OPSNBBM WJOEFO BMT TUSJQCPFLFO OB FFO KBBS JO QSJKT [PVEFO [BLLFO [PBMT EBU HFCFVSU NFU CJKWPPSCFFME LMFEJOH FO EWE T .BBS JL ESBBJ IFU WPPSUBBO PN *L [BM PQMBHFT ESVLLFO EJF [P MBBH [JKO EBU WFS [BNFMBBST [JDI [VMMFO NPFUFO IBBTUFO PN FFO FYFNQMBBS UF CFNBDIUJHFO w 8BU JT IFU FFSTUF EBU XF WBO 5BMFOU NPHFO WFSXBDIUFO v*L IFC FFO EFSUJHUBM UJUFMT MBUFO ESVLLFO XBBSPOEFS %F CBSCBSFO FO 7BF WJDUJT %JF CPFLFO MJHHFO PQ EJU NPNFOU CJK EF CJO EFS *L [BM [F VJUCSFOHFO [PESB JL NJKO PVEF WPPSSBBE WFSLPDIU IFC ;PBMT IFU FS OV VJU[JFU [BM EBU JO TFQUFNCFS [JKO w 4JHHF 4UFHFNBO

%JU PWFS[JDIU WBO UF WFSTDIJKOFO TUSJQT JT HFCBTFFSE PQ EPPS EF VJUHFWFST BBOHFMFWFSEF JOGPSNBUJF 0OEBOLT EF [PSHWVMEJHIFJE XBBSNFF IFU XPSEU TBNFOHFTUFME LPNU IFU SFHFMNBUJH WPPS EBU EF CPFLFO JO XFSLFMJKL IFJE QBT MBUFS WFSTDIJKOFO )PVE WPPS EF NFFTU BDUVFMF JOGPSNBUJF EF XFCTUFLLFO WBO EF VJUHFWFSJKFO JO EF HBUFO "DIUFS FML BMCVN TUBBO EF QSJKT JO FVSP T FO EF VJUWPFSJOH TMBQQF LBGU IBSEF LBGU WFSNFME )FU DVSTJF WF DPNNFOUBBS JT WBO EF ;P[P-BMB SFEBD UJF "BOWVMMJOHFO [JKO WBO IBSUF XFMLPN PQ TUSJQWPPSTQFMMJOH![P[PMBMB DPN

5F WFSTDIJKOFO JO BVHVTUVT FO TFQUFNCFS êèèï "SCPSJT XXX BSCPSJT OM (BSVMGP ì .BJPSBOB "ZSPMFT ï íè TL ,POWPPJ ð #VDIFU .PSWBO ï íè TL -Z /PPDL ê $IFSFU 3PESJVF ï íè éì ñí TL IL %F .FUBCBSPOOFO $BTUBLB EF WPPSPVEFS MJKLF MJKO é %BZBM EF FFSTUF WPPSPVEFS %BTQBTUPSBT +PEPSPXTLZ ï íè éñ ñí TL IL +PEPSPXTLZ NFMLU PQOJFVX IFU TVDDFT WBO FFO SFFLT VJU

"SDBEJB XXX BSDBEJBTUSJQT CF #JH +PF é "QFOTUSFLFO .BMJL éð ñí IL %F ;JOHBSJ é %F TDISFFVX WBO EF TUPNNF 'PMMFU %FMQPSUF éð ñí IL 4GFFSWPM PVE XFSL CFLFOE VJU P B 3PCCFEPFT

"UMBT XXX CPFLFOXFSFME OM 1FBOVUT ê %F KBSFO éñíí éñíñ 4DIVM[ éì ñí TL 7BMMFOEF [JFLUF ê %BWJE # éñ ñè TL 5XFFEF FO MBBUTUF EFFM WBO %BWJE # T BVUPCJPHSBmTDIF NFFTUFSXFSL

#FFEFF XXX CFFEFF OM -PMB #PHPUB ë %F 4JDJMJBBOTF WFUF $IBJOPOBU #SFNBVE ñ ñí TL %BHESPNFO é $PSBMJOF %PETPO 'JMJQQJ ñ ñí TL +BDL 1PUU ë /PPELSFFU VJU IFU WFSMFEFO 0PTUFSWFFS 3JUTUJFS éì ñí TL 3BUBmB é *L CFO EF LBQJUFJO 4BMTFEP 1PUIJFS ñ ñí TL 3BUBmB ê 4UPNQ[JOOJHF BNCJUJFT 4BMTFEP 1PUIJFS ñ ñí TL /JDLZ 4BYY ë %XBBMTQPPS 0PTUFSWFFS 3JUTUJFS ñ ñí TL 8PMG éí "FHJJT XPFEF %VQSÏ éê ñí TL

%F #F[JHF #JK XXX EFCF[JHFCJK OM ,BBT .BUFOB &MTTDIPU IL -JUFSBJSF LMBTTJFLFS CFXFSLU UPU HSBQIJD OPWFM

%F #PFLFSJK XXX EFCPFLFSJK OM %F VJUWJOEJOH WBO )VHP $BCSFU 4FM[OJDL éñ ñí IL 4QSPPLKFTBDIUJH WFSIBBM PWFS FFO 1BSJKTF XFFTKPOHFO EJF JO EF NVSFO WBO FFO USFJOTUBUJPO XPPOU *OUSJHFSFOEF NFOHWPSN WBO SPNBO FO TUSJQ ;JF EF UIFNBXFCTUFL

XXX UIFJOWFOUJPOPGIVHPDBCSFU DPN

#PVNBBS XXX CPVNBBS DPN #PC &WFST ì %F TUSJKE PN IFU HPVETDIJQ 7BO 0VEFOBBSEFO +POLFS ï íè éì ñí TL IL

#SJFT XXX CSJFT CF %F 'VSPY é %JBTQPSB 4QSVZU éì íè IL 4PMPXFSL WBO EF UFLFOBBS WBO %F #BNCVSHFST )FU KBBS WBO EF PMJGBOU ë "EFNOPPE -JOUIPVU í èè TL ;JF FMEFST JO EF[F ;P[P-BMB

$BTUFSNBO XXX DBTUFSNBO DPN ) . 4 ë %F CFFU WBO EF TMBOH 3PVTTFM 4FJUFS TL %F NBHJTDIF CFSH 5BOJHVDIJ &JOEFMJKL XPSEU EF CFLFOETUF NBOHB BVUFVS WBO 'SBOLSJKL WFSUBBME &FO HFWPFMJH WFSIBBM XBBSJO KFVHEIFSJOOFSJOHFO FO NBHJTDI SFBMJTNF TBNFOWMPFJFO %F SFJ[FO WBO -FGSBOD %F MVDIUWBBSU 3FHSJD .BSUJO

$BUVMMVT XXX DBUVMMVT OM %F EBH EBU EF XFSFME WFSHJOH 'MP ðò VVS TUSJQ WBO EF NBLFS WBO 'MP

%BFEBMVT XXX EBFEBMVT CF $BSUIBHP é %F MBHVOF WBO 'PSUVOB )FOOJOPU #FD î ñí TL 5JS /BO 0H é %F FYPEVT %F $PDL $PMMJO éí ñí IL %F XFU WBO EF éê UBGFMFO ì %FGBMJ $PSCFZSBO éí ñí IL

%BSHBVE XXX EBSHBVE DPN #PMMJF FO #JMMJF êð #JMMJF [FU O CPPNQKF PQ 7FSSPO í êí TL *NBHP NVOEJ éè %F UXFFEF DJSLFM #SBIZ $PSCFZSBO #SBDRVFMBJSF í êí TL )FU LSVJT WBO ,B[FOBD ð %F EPPE WBO EF UJKHFS 4UBMOFS #PJTTFSJF ï íè TL -JOLFSIBOEFO é %VTUJO 'PSNPTB $PSCFZSBO ï íè TL .FLPOH ê 7BMTUSJL JO EF .PÕ KVOHMF $PZÒSF #BSUPMM í êí TL .VSFOB î )FU CMPFE WBO EF CFFTUFO %FMBCZ %VGBVY í êí TL *O IFU 'SBOT PPL WFSLSJKH CBBS NFU EWE NFU ANBLJOH PG 7FOVT ) ê .JBLJ 3FOBVE %VGBVY ï íè TL 8JUUF UJKHFSJO ë %F LVOTU WBO IFU WJKGEF HFMVL $POSBE í êí TL

%VQVJT XXX EVQVJT DPN %F #MBVXCMPF[FO íé &FO TUFFLKF MPT CJK 4UBSL -BNCJM $BVWJO í êí TL /FGFTJT ê /FNFOFT EF HFEPFNEF LPOJOH WBO "CPVDJOUJ $BNCPOJ 'JMJQQJ éë èè IL 0SCJUBM ê #SFVLFO 1FMMÏ 3VOCFSH í êí TL

&EPMMBOEJB )FU DPNQMFUF "MTKFNBBSCFLFOECBOE CPFL "MMF TUSJQT éñðì éñðï (FSBEUT ìè èè IL #VOEFM

BOBSDIJTUJTDIF NV[JFLHBHT WBO OFEFS HSPOEMFHFOEF &WFSU (FSBEUT [PBMT EJF WFS TDIFOFO JO &QQP 8PSEU 7FSWPMHE (MÏOBU XXX HMFOBU DPN #BOLHFIFJNFO ê ê %F [VDIU OBBS HFME )Ï .BMLB éë íè IL %/" ì 3PEF XPFTUJKO 3PDDP éì íè IL %SBHPOCBMM ïð FO ïñ 5PSJZBNB ê ñí TL -PV ë )FU BVUPCVTLFSLIPG /FFM î íè TL %F .JKUFOCBS é (PEJ %F (SPPU î íè TL 3FJ[JHFS 5PFLPNTU ê 4UBMOFS #PJTTFSJF éì íè IL %F TDIBU WBO EF UFNQFM é ;F IFCCFO NJK VJUWFS LPSFO 4FJHOFVSFU .BLZP "CFDBTTJT éì íè IL /JFVXF PDDVMUF UISJMMFS WBO EF NBLFST WBO 2VNSBO 4OFFVX éë %F NVVS (JOF $POWBSE î íè TL

,BOB XXX NBOHBLBOB DPN OM %FBUI OPUF ë 0CBUB í ñí TL 4QBOOFOEF NBO HBUISJMMFS ;JF )FU MBBUTUF PPSEFFM .POTUFS ì 6SBTBXB ï íè TL /BOB é FO ê :B[BXB í ñí TL

.F[[BOJOF XXX EVQVJT DPN +PNNFLF êëñ (SBBG %POEFSTUFFO /ZT ì êè TL

.JLMP XXX CJHHMFT OM

4UBOEBBSE XXX TUBOEBBSE DPN

4QBHIFUUJ ï *O 7FOFUJÑ "UUBOBTJP (PTDJOOZ î ñí TL

#BLFMBOEU êð ;JUB FO EF TVMUBO -FFNBOT ì êí TL ' $ %F ,BNQJPFOFO ìñ %F ,BNQJPFOFO JO IFU DJSDVT -FFNBOT ì íè TL 'BNJMJF %PPS[PO ëè %F 7JOFY GBDUPS %F +BHFS ì íè TL ,JFLFCPF ééì #JK WFSEJFOTUFO .FSIP ì íè TL -BBUTUF TUBUJPO é %FWJM T DBWF 8JFMBFSU -JOUIPVU ì íè TL ;JF FMEFST JO EF[F ;P[P-BMB 0SQIBOJNP éé )FU [XBSUF BMCVN "ESJBFOTFOT 7JODFOU ì íè TL 1MBOLHBT FO 1MBTUSPOOFLF ì 4UBMMBFSU 6SCBOVT ë ññ TL %F SPEF SJEEFS êéí %F SPEF LPHHF $MBVT -PEFXJKL ì êí TL 3PNFP FO +VMJB $MBVT #PVEFO ì íè TL 6SCBOVT éêí %F UPWFSLPM WBO 5PMMFOCFFL -JOUIPVU 6SCBOVT ì êí TL 8ðéï éì %F SPCPU WBO $PTJOVT 4XFUT 7BOBT #PVEFO ì êí TL

/JKHI 7BO %JUNBS XXX VJUHFWFSJKOJKHIF OWBOEJUNBS OM 0Q UPVS EPPS 4QBOKF 4UPL éê íè TL

0PH #MJL XXX PPHFOCMJL OM #JH 'PPU %VNPOUIFVJM #FXFSLJOH WBO EF AHPUIJD XFTUFSO ͷF )BXLMJOF NPOTUFS ï÷õò EPPS EF 'SBOTF DVMUBVUFVS /JDPMBT %VNPOUIFVJM &FSTUF EFFM WBO ESJF $BSUPPOEJBSSFF 7BO EF 1PM "VUPCJPTUSJQT WBO IFU CSFJO BDIUFS .JDIJFMUKFT KPOHFOTIBSU 7PPS FFO AWPPSQSPFͳF [JF XXX DBSUPPOEJ BSSFF OM (VT é #MBJO 7JKG LPSUF XFTUFSOWFSIBMFO EPPS EF NBLFS WBO *TBBD EF QJSBBU +BBQ +BOTFO POHFXPPO TPMEBBU #FSTFSJL (FFO TUSJQ NBBS FFO EPPS 5FVO #FSTFSJL HFÕMMV TUSFFSE WFSIBBM PWFS EF TMBH CJK "SOIFN ,MFJOF TUSPPNQKFT 3BCBUÏ 1TZDIPMPHJTDIF TUSJQ PWFS EF PVEFSEPN EPPS EF BVUFVS WBO *CJDVT 5FSVH OBBS EF OBUVVS é -BSDFOFU 'FSSJ (BHT WBO EF NBLFS WBO %F EBHFMJKLTF XPSTUFMJOH FO /JDLZ /BĉFS PWFS [JKO MFWFO BMT WFSTUPL UF TUBETCFXPOFS PQ IFU 'SBOTF QMBUUFMBOE %F WMPFL WBO ;FOFS é FO ê "EBNPW (SBOHF 1BSBQTZDIPMPHJTDIF UISJMMFS WBO EF NBLFS WBO 8JOE EFS HPEFO FO %F XBUFSFO WBO %PEFNBBO :VN :VN $SVNC 4QSPPLKFTBDIUJH MJFGEFTWFS LMBSJOH WBO FFO ï÷ KBSJHF $SVNC BBO [JKO UPFONBMJHF UJFOFSWSJFOEJO

4JMWFTUFS XXX TJMWFTUFSTUSJQT OM

/BSVUP ï ,JTIJNPUP í ñí TL 4IBNBO LJOH éè 5BLFJ í ñí TL :V HJ PI éè 5BLBIBTIJ í ñí TL

%PO -BXSFODF $PMMFDUJPO 4UPSN êë %F SJOH WBO WVVS 3PNBOP +PSH -PEFXJKL ï íè TL &FSTUF BMCVN WBO OJFVX UBOEFN EJF %PO -BXSFODF NPFU EPFO WFSHFUFO

-PNCBSE XXX MPNCBSE CF %PLVT EF MFFSMJOH éë 8BU OJFU XFFU XBU OJFU EFFSU (PEJ ;JESPV í êí TL * 3 ʀ ñ 3PNFJOTF CFUSFLLJOHFO 7SBODLFO %FTCFSH í êí TL %F -JODPMO CSBODI ê %F TDIBEVXLBOU ,PXBMTLJ )FS[FU éë èè IL %F POFWFO PSEF ì 1BSJKT éïñé 5FOH .JFM $VBESB í êí TL 7PPSMBBUTUF EFFM WBO EF NJOJTFSJF 3JL 3JOHFST ïë .PPSE JO IFU UIFBUFS 5JCFU %VDIÉUFBV í êí TL 4QFSWVVS ë *OEJB "MMFO 7BMMÒT %FTCFSH í êí TL

TDFOBSJTU FO UFLFOBBS VJU WFSTDIJMMFOEF MBO EFO JFUT NBBLU SPOE IFU HFUBM [FWFO

"MJN EF MFFSMPPJFS ê 7FSESFWFO "VHVTUJO -VQBOP éì ñí IL $BOBSJ ê %F MBBUTUF HPMG .FHMJB $SJTTF éì ñí IL $PTB /PTUSB ë )BNQUPO GBSNT -F 4BÑD $IBVWFM éì ñí IL $PTB /PTUSB ì %F XFEEFOTDIBQ -F 4BÑD $IBVWFM éì ñí IL %F FFOIPPSO é %F MBBUTUF UFNQFM WBO "TDMFQJPT +FBO (BCFMMB éì ñí IL (PVEFO FFVX é "MQIPOTF "OESJWFBV éì ñí IL ,BBTIFME FO 1PFQIPPGE ë )FCCFO EF[FMGEF WBEFS -BNFMPT ï íè TL ,PCJKO ë 5JLLJF 5SPOEIFJN éê íè IL ;JF PPL )FU -BBUTUF 0PSEFFM ,PCJKO ì 8BMUFS 5SPOEIFJN éê íè IL .FSMJKO ë )BN FO 5BSUJKO .VOVFSB 4GBS ï íè TL 0MJWJFS 7BSFTF é %F EVJG PQ IFU SPEF QMFJO .BSJOJ 4NPMEFSFO éì ñí TL 0MJWJFS 7BSFTF ê 8FMLPN JO ,PLPOJOP XPSME .BSJOJ 4NPMEFSFO éì ñí TL 4DSJCCMZ ï .FFS XBGFMT NJOEFS NJTEBBE "SFOET ñ ññ TL ;FWFO é ;FWFO QTZDIPQBUFO 1IJMJQT 7FIMNBOO éì ñí TL &FSTUF JO FFO TFSJF WBO [FWFO CPF LFO XBBSBBO TUFFET FFO BOEFS UFBN WBO

9USB XXX VJUHFWFSJKFYUSB OM ;FSP #SVO ñ ñí TL #VOEFM LPSUF WFSIBMFO WBO EF NBLFS WBO 0UBLV

/JFU BBOHFLPOEJHE UPDI WFSTDIFOFO "MJN EF MFFSMPPJFS é )FU HFIFJN WBO EF [FF -VQBOP "VHVTUJO 1FOMPVQ 4JMWFTUFS éì ñí IL %F BWPOUVSFO WBO #VTUFS #VMMFU %F [POEFCPL %F +BHFS #VTUFSDPNJY OM ñ ñí TL )BSE CPJMFE GVOOZ BOJNBM CPFLEFCVVU WBO QSJMMF WFFSUJHFS %PVXF EF +BHFS %F #BNCVSHFST ê ,POJOH -FP 4JNPO 'SJU[ 4JMWFTUFS éì ñí IL #PPU FO 7BO %JKL éè 7JMMB EFJ NJTUFSJ 4QBSSFCPPN '. éè èè TL #PTMJFʵF ï %F LJOEFSFO WBO EF DJUBEFM ê 4FSWBJT $BTUFSNBO éê êí IL $MBJSF éð 8JSPKB T %JWP TL &EFMQVMQSFFLT ê (PSHPO EF 7FS[FOHFOEF 7PT 4BUVSOVT ï íè TL "SOIFNTF POEFSHSPOEMF HFOEF FO WSPFHF [FTUJHFS )FOESJL +BO 7PT UPPOU POHFSFNE [JKO QSFUFOUJFMP[F FEFMLVO OFO ) + 7PT WPPS CFHJOOFST JT UF WJOEFO PQ XXX YTòBMM OM _IKWPT &TLJNP HBBU PQ SFJT %F 1PPSUFSF -BOOPP éê ñí IL +FVHECPFL WBO EF NBLFS WBO +PF EF &TLJNP %F IFSCFSH BBO IFU FJOE WBO EF XFSFME ë %F XSPFHJOH WBO EF EBHFSBBE 1SVHFO 0HFS $BTUFSNBO TL *OEJHP ï %F KBDIU PQ 'BTU .BDIJOF 4DIVM[ 'FMIPõ "SCPSJT î íè TL *OUJFNF FSWBSJOHFO $BTPUUP 4PNCSFSP ï ñí TL 1PSOP NFU FFO HSPUF 1 WBO EF WSPVXFMJKLF .JMP .BOBSB *TIBOUJ UFNQFMEBOTFSFT é %F USBOFO WBO *TJT $SJTTF #FTTPO 4JMWFTUFS éì ñí IL +BO +BOT FO EF LJOEFSFO ëð FO ëñ ,SVJT 4BOPNB ì ñí TL

,BQJUFJO 3PC êñ U N ëê ,VIO 3JKQFSNBO î ñí TL )FSESVLLFO -FGSBOD éð %F CMBVXF NVNNJF .BSUJO $BSJO 8FCFS $BTUFSNBO í íè TL /BO ZP "WPOUVVS JO EF 1BDJmD )FOESJLT 0PH #MJL éñ ñí TL /JFVX XFSL WBO EF FJHFO[JO OJHF NBLFS WBO 5PNPZP 1BSBEJTF ë ;BNBSBU 4PLBM #JOHPOP $BTUFSNBO í ñí TL 1BVM PQ IFU QMBUUFMBOE 3BCBHMJBUJ 0PH #MJL ñ ñí TL ;JF )FU -BBUTUF 0PSEFFM 1JSBUFT PG UIF $BSSJCFBO "U XPSME T FOE 4BOPNB ì íè TL 4QJO Pĉ WBO EF mMN 7BEFS EPDIUFS %F 8JU 4USJQTUJGU ñ ñí TL )FU XBSF WFSIBBM WBO EF POCFLFOEF TPMEBBU )FU HFESPDIU FO EF HVJMMPUJOF 5BSEJ 0PH #MJL éì ñí TL )FSESVL WBO LMBTTJFLF TUSJQT WBO +BDRVFT 5BSEJ ;JF ;FLFS MF[FO 6TBHJ :PKJNCP éé U N éì 4BLBJ &OJHNB í ñí TL

6OP .VOEP XFSFMETUSJQT *O IFU CVJUFOMBOE WFSTDIJKOFO TUBQFMT QSBDIUJHF TUSJQT EJF POT UBBMHFCJFE BNQFS CFSFJLFO ,XBMJUFJU LFOU FDIUFS HFFO HSFO[FO %BBSPN IJFSPOEFS FFO TFMFDUJF WBO EF NFFTU PQWBMMFOEF CVJUFOMBOETF UJUFMT WBO EF MBBUTUF UXFF NBBOEFO %F QSJK[FO JO FVSP T WBMMFO CJK JNQPSUUJUFMT EPPSHBBOT XBU IPHFS VJU

5FLTUMPPT 5IF BSU PG 1 $SBJH 3VTTFMM 3VTTFMM %FTQFSBEP 1VCM ʀ ìñ ññ IL .POPHSBmF HFXJKE BBO EF TDIFQQFS WBO &MSJD FO UBMSJKLF WFSTUSJQUF PQFSB T -VDFT Z TPNCSB .V×P[ #FFME#FFME ëï èè IL $BUBMPHVT CJK EF HFMJKLOBNJHF FYQPTJUJF 4DSBQ NFUUMF .PSTF *NBHF ʀ ëñ ññ IL %JLLF CVOEFM UFLFOJOHFO TDIFUTFO FO TDIJMEFSJKFO WBO EF BOJNBUJFmMNFS FO TUSJQNBLFS WBO P B 4PVMXJOE FO 7PMDBOJD SFWPMWFS -F 1BSJT EF 5BSEJ 5BSEJ $BTUFSNBO êì ïí %F HFMBVXFSEF 'SBOTF TUSJQNBLFS UFLFOU [JKO GBWPSJFUF TUBE 5IF WBVMU PG .JDIBFM "MMSFE "MMSFE """ 1PQ $PNJDT ʀ ëì ññ IL 4NVMMFO WPPS EF MJFGIFC CFST NFU BMMFSMFJ POCFLFOE PPHQPQQFOE XFSL WBO EF BVUFVS WBO .BENBO ,FOU 8JMMJBNT BNBMHBN 1BJOUJOHT ESBXJOHT 8JMMJBNT "MMFO 4QJFHFM 'JOF "SUT ʀ ïí îè IL )FU JT [PNFS FO EF NPOPHSBmFÑO WBMMFO CJK CBLLFO WBOBDIUFS EF [PO WBOEBBO WSJK XFSL WBO EF NBLFS WBO EF DVMUTUSJQT #MPPE FO 5FMM NF EBSL

-FT CBOEFT EFTTJOÏFT "WSJM .VSJ "WSJM 7FSUJHF (SBQIJD ëè èè TL )PNNBHF WBO 1IJMJQQF .VSJ BBO 'SBOÎPJT "WSJM $BMDVUUB #BOFSKFF %FOPÑM êê èè TL 1TZDIPMPHJTDIF TUSJQ WBO BBOTUPSNFOE *OEJBBT TUSJQUBMFOU 4BSOBUI #BOFSKFF -F EFSOJFS NPEÒMF -FWBMMPJT 'VUVSPQPMJT êì èè IL 1TZDIPMPHJTDIF TUSJQ PWFS FFO KPOHF LVOTUFOBBS EJF FFO TFSJF OBBLUFO UFLFOU ,MJNU BDIUJHF CFFMEFO WBO EF NBLFS WBO

/PÏ 3PCJO %VCPJT êè "V CPVU EV SPVMFBV #PSFDLJ 7J[PTP 5VSL %F (SPPU -PNCBSE ð ïè IL 0 OPTUBMHJF IFU FFSTUF EFFM WBO EF ESPPHLP NJTDIF LPMEFSSFFLT 3PCJO )PFE JO EF ðïF FFVX 7BO EF IBOE WBO UXFF OJFVXF UFLF OBBST EJF KBXFM IFU WBL CJK EF 4NVSGFO IFCCFO HFMFFSE - ÏUPJMF EV TPMEBU 'PMMFU %F 1POmMMZ $BTUFSNBO éë ïí 0PSMPHTTUSJQ PWFS EF 4PWKFUCF[FUUJOH WBO "GHIBOJTUBO (FUFLFOE EPPS 3FOÏ 'PMMFU FO HFÕOTQJSFFSE PQ EF HFMJKLOBNJHF mMN WBO $ISJTUPQIF EF 1POmMMZ ï÷óï ðîîô (BSEF GPVT #Ï[JBO %FMDPVSU éî íè 4USBL HFTUJMFFSEF QTZDIPMPHJTDIF UISJMMFS WBO FFO BVUFVS EJF MBOH[BNFSIBOE UPU EF BCTPMVUF XFSFMEUPQ HFSFLFOE NBH XPSEFO +FBOOF #SBNBOUJ &E $BSBCBT éí èè IL %FUBJMTUVEJF WBO FFO NBST WBO IFU 'SPOU /BUJPOBM JO 1BSJKT FO EF FYUSFNJTUJTDIF JO[FU WBO EF NZUIF SPOE +FBOOF E "SD -B MJHOF EF GVJUF 'MBP %BCJUDI 'VUVSPQPMJT éñ ññ IL "WPOUVSJFSFO UJKEFOT IFU mO EF TJÒDMF JO IFU WPFUTQPPS WBO "SUIVS 3JNCBVE ïöóò ïö÷ï .PCZ %JDL %FQSF[ 3PVBE $BTUFSNBO êí èè IL 4USJQCFXFSLJOHFO WBO MJUFSBJSF LMBTTJFLFST [JKO PPL IPU JO 'SBOLSJKL 1BOPSBNBT -PVTUBM 1BSJOHBVY $BTUFSNBO êì ïí -PTTF JMMVTUSBUJFT WBO -PVTUBM BBO FMLBBS HFTDISFWFO EPPS [JKO QBSUOFS WBO P B 8PFTUJKOLPPSUT 3( é %SBHPO 1FFUFST (BMMJNBSE #BZPV éí èè IL 1PMJUJFUISJMMFS PQ TDFOBSJP WBO EF NBLFS WBO -VQVT FO 1JMVMFT CMFVFT -F WÏSJUBCMF IJTUPJSF EF 'VUVSPQPMJT $FTUBD %BSHBVE éð èè 'JKO TUVLKF TUSJQHFTDIJFEFOJT WPPSNBMJH 'VUVSPQPMJT VJUHFFGTUFS 'MPSFODF $FTUBD CMJLU NFU FFO TDIFSQ QFOTFFM UFSVH PQ IFU WFSMFEFO WBO EF MFHFOEBSJTDIF 'SBOTF TUSJQVJUHFWFSJK 'VUVSPQPMJT ï÷õò ï÷÷ò EJF [F NFU IBBS FY NBO &UJFOOF 3PCJBM ESFFG

$PNJY "TUINB )BOLJFXJD[ 4QBSLQMVH $PNJD #PPLT ʀ éï èè #VOEFM BNCJUJFV[F WPSNFYQFSJNFO UFO WBO +PIO )BOLJFXJD[ 5IF DPNQMFUF 5FSSZ UIF QJSBUFT 7PM é $BOJõ *%8 ʀ ìñ ññ IL 4UBSU WBO SFFLT JOUFHSBMF IFSESVLLFO WBO .JMUPO $BOJĉT MFHFOEB SJTDIF BWPOUVSFOTUSJQ UFS FSF WBO EJFOT IPOEFSETUF HFCPPSUFEBH 'JSTU JO TQBDF 7JOJOH 0OJ 1SFTT ñ ñí TL %F FFS TUF "NFSJLBBOTF BTUSPOBVU XBT FFO BBQ (MJTUFS é 8BUTPO *NBHF ʀ í ññ TL %F NBLFS WBO P B #SFBLGBTU BGUFS OPPO XFSLU EJSFD UFS EBO PPJU JO EF[F OJFVXF HPUIJD DPNJD WPPS BMMF MFFGUJKEFO -BÕLB "CBE[JT 'JSTU 4FDPOE ʀ éï ñí TL .BBS EF FFSTUF 3VT JO EF SVJNUFy XBT FFO IPOE 3FY -JCSJT * MJCSBSJBO 5VSOFS 4MBWF -BCPS ʀ éì ñí TL .FUB UISJMMFS PWFS FFO CJCMJPUIF DBSJT EJF IFU NPFU PQOFNFO UFHFO [PNCJFT FO BOEFSF MFUUFSLVOEJHF NVUBUJFT +BNFT

5VSOFS NBBLUF FFSEFS IFU LOBQQF NBBS IFSNFUJTDIF /JM 5IF PUIFS TJEF 4UFXBSU "BSPO %$ 7FSUJHP ʀ éê ññ TL 3BVX EVCCFMQPSUSFU WBO FFO KPOHF "NFSJLBBO FO FFO KPOHF 7JFUOBNFFT EJF UJKEFOT EF 7JFUOBNPPSMPH CFJEFO IVO MBOE EJFOFO 1BSJT (BOF 8BUTPO 4MBWF -BCPS ʀ éè ñí TL - BNPVS JO KBSFO Aóî 1BSJKT EPPS EF PHFO WBO UXFF FJHFOUJKETF #SJUTF BVUFVST 4DBMQFE é *OEJBO DPVOUSZ (VFSB "BSPO %$ 7FSUJHP ʀ ñ ññ TL )BSEF UISJMMFS UFHFO IFU EFDPS WBO EF USFVSJHF *OEJBBOT "NFSJLBBOTF SFTFSWBUFO 4DIVM[ T ZPVUI 4DIVM[ "CPVU $PNJDT ʀ éì ñí TL $BSUPPOT PWFS KBSFO ôî "NFSJLBBOTF &0 KFVHE 7SPFH FO PQNFSLFMJKL NJME XFSL WBO EF TDIFQQFS WBO 1FBOVUT 4FOUFODFT 5IF MJGF PG .' (SJNN 8JNCFSMFZ $BSFZ %$ 7FSUJHP ʀ éñ ññ IL 4USJQCJPHSBmF WBO SBQWFUFSBBO 1FSDZ $BSFZ B L B .' (SJNN 4FWFO CSPUIFST ,BOH &OOJT 8PP 7JSHJO $PNJDT ʀ éì ññ TL #FXFSLJOH WBO FFO JEFF WBO DVMU SFHJTTFVS +PIO 8PP 4QFOU .BUU %SBXO 2VBSUFSMZ ʀ éñ ñí IL "VUPCJPTUSJQNBLFS +PF .BUU SBBLU EF CPEFN JO EF[F CVOEFM WBO EF MBBUTUF WJFS EFFMUKFT WBO 1FFQTIPX 5IF UISFF QBSBEPYFT )PSOTDIFNFJFS 'BOUBHSBQIJDT ʀéì ñí IL "VUPCJPTUSJQ WPM EVCCFMF CPEFNT o FO ESJF QBSB EPYFO o WBO "NFSJLBBOTF EFSUJHFS 1BVM )PSOTDIFNFJS 8IJTUMFT é 5IF TUBSMJHIU $BMMJPQF )VTTJF 4MBWF -BCPS ʀ éè ñí TL $JSDVTDMPXO 8IJTUMFT LBNQU NFU NPPSE FO LBOOJCBMJTNF o FO NPFU BMUJKE CMJKWFO MBDIFO ;XBSU IVNPSJT UJTDI CPFLEFCVVU WBO "OESFX )VTTJF :FTUFSEBZ T UPNPSSPXT )VHIFT ,OPDLBCPVU $PNJDT ɾ êí èè #MPFNMF[JOH WBO IFU XFSL WBO EF #SJUTF DVMUBVUFVS 3JBO )VHIFT