Knipex franzoesisch 2014 2015

Page 1

51//#+4' 2KPEGU WPKXGTUGNNGU GV 2KPEGU OWNVK HQPEVKQPU

%QWRG E¾DNGU GV %QWRG E¾DNGU CEKGT

2KPEGU WPKXGTUGNNGU ^ 2KPEGU RQWT KPUVCNNCVKQPU ÅNGEVTKSWGU ^ 2KPEGU ¼ DGEU TQPFU GV 2KPEGU ¼ DGEU RNCVU

%QWRG E¾DNGU ^ %QWRG E¾DNGU RTKPEKRG FW ENKSWGV ^ %QWRG E¾DNGU CEKGT

2KPEGU ¼ FÅPWFGT GV 1WVKNU ¼ FÅICKPGT

2KPEGU ¼ UGTVKT GV #UUQTVKOGPVU FG UGTVKUUCIG

2KPEGU ¼ FÅPWFGT CXGE EQWVGCWZ FG HQTOG ^ /WNVK5VTKR ^ 1WVKNU ¼ FÅICKPGT

2KPEGU ¼ UGTVKT WPKXGTUGNNGU ^ 2TGEK(QTEG ^ 4CEEQTFU FG E¾DNG

2KPEGU FG RTÅJGPUKQP GV 2KPEGU ÅVCWZ

1WVKNU KUQNÅU

2KPEGU ¼ DGEU RNCVU ^ 2KPEGU ¼ DGEU TQPFU ^ 2KPEGU ÅVCWZ

2KPEGU RQWT EKTENKRU

2KPEGU ^ %NÅU ^ 6QWTPGXKU ^ #UUQTVKOGPVU

2KPEGU RQWT NnÅNGEVTQPKSWG GV $TWEGNNGU FG RTÅEKUKQP

2KPEGU RQWT EKTENKRU ^ 2KPEGU FG RTÅEKUKQP RQWT EKTENKRU ^ ,GWZ FG RKPEGU RQWT EKTENKRU

2KPEGU EQWRCPVGU ^ 2KPEGU FG RTÅJGPUKQP ^ $TWEGNNGU FG RTÅEKUKQP

6GPCKNNGU GV 6GPCKNNGU TWUUGU

#UUQTVKOGPV FnQWVKNU GV /CNNGVVGU ¼ QWVKNU

6GPCKNNGU ^ 6GPCKNNGU TWUUGU ^ 6GPCKNNGU TWUUGU ¼ HQTVG FÅOWNVKRNKECVKQP

2KPEGU EQWRCPVGU

,GWZ FG RKPEGU ^ /CNNGVVG ¼ QWVKNU

+PFGZ 4ÅHÅTGPEGU

+PFGZ

.G $ # $# FGU RKPEGU

2KPEGU EQWRCPVGU FG EÐVÅ ^ %QWRG DQWNQPU ^ 2KPEGU EQWRCPVGU FG FGXCPV

2KPEG ENÅ 2KPEGU OWNVKRTKUG GV %NÅU UGTTG VWDGU 2KPEGU ENÅ ^ %QDTC ^ #NNKICVQT ^ %NÅU UGTTG VWDGU

2KPEGU URÅEKCNGU GV %NÅU WPKXGTUGNNGU 2KPEG ¼ EQNNKGTU CWVQUGTTCPVU ^ %QWRG VWDGU ^ .CORG .'& OCIPÅVKSWG ^ %NÅU WPKXGTUGNNGU

-0+2': HCDTKSWG FGU RKPEGU FGRWKU RNWU FG CPU .oGPVTGRTKUG GUV GPVTG NGU OCKPU FG NC HCOKNNG FGRWKU SWG %CTN )WUVCX 2WVUEJ C QWXGTV UC RGVKVG HQTIG GP ¼ %TQPGPDGTI #WLQWTFoJWK E GUV 4CNH 2WVUEJ UQP CTTKÄTG RGVKV ƂNU SWK GUV CWZ EQOOCPFGU FG -0+2': E GUV ¼ FKTG NC SWCVTKÄOG IÅPÅTCVKQP %G FGTPKGT PQWU HCKV RCTV FCPU WP KPVGTXKGY FG UQP RQKPV FG XWG RGTUQPPGN UWT NG FÅXGNQRRGOGPV FG NoGPVTGRTKUG CW FGN¼ FGU EJKHHTGU GV FGU UVCVKUVKSWGU 4CNH 2WVUEJ CUUQEKÅ IÅTCPV

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&n70' *+561+4' 57%%¤5 3WCPF XQVTG CTTKÄTG ITCPF RÄTG %CTN )WUVCX 2WVUEJ C ETÅÅ UC HQTIG FG RKPEGU No'ORKTG CNNGOCPF CXCKV VQWV LWUVG CPU 8W FG PQU LQWTU EoGUV WP OQPFG SWK CR RCTVKGPV FGRWKU NQPIVGORU CW RCUUÅ 3WGNU UQPV NGU FÅƂU SWoKN C F× TGNGXGT ¼ NoÅRQSWG GV ¼ SWQK TGUUGODNCKGPV NGU CPPÅGU FG NC ETÅCVKQP|!

Å

0QWU PG UCXQPU OCNJGWTGWUGOGPV RCU ITCPF EJQUG FG PQU FÅDWVU /CKU QP RGWV KOCIKPGT RCT GZGORNG SWoKPXGUVKT FCPU WPG HQTIG FGOCPFCKV WP ECRKVCN CUUG\ EQPUÅSWGPV GV SWG OQP CTTKÄTG ITCPF RÄTG C FQPE F× UG RTQEWTGT NoCTIGPV PÅEGUUCKTG CWRTÄU FG IGPU SWK NWK HCKUCKGPV EQPƂCPEG GV SWK ETQ[CKGPV GP NWK &oCWVCPV SWoKN [ CXCKV FÅL¼ FGU FQW\CKPGU FG EQPEWTTGPVU FCPU NC TÅIKQP HCEG CWZSWGNU KN HCNNCKV UoKORQUGT 5C UVTCVÅIKG FG UG URÅEKCNKUGT UWTVQWV CW FÅRCTV FCPU NGU VGPCKNNGU GV VTK

EQKUGU C EGTVCKPGOGPV ÅVÅ WVKNG 'P EG VGORU NGU VGPCKNNGU FGXCKGPV CXQKT WP OGKNNGWT TCRRQTV SWCNKVÅ RTKZ #WVTGOGPV KN P CWTCKV RW U KORQUGT CWUUK DKGP UWT NG OCTEJÅ ; C V KN SWGNSWG EJQUG SWK UoGUV EQPUGTXÅ CW ƂN FG VQWVGU EGU CPPÅGU FCPU XQVTG HCOKNNG QW EJG\ -0+2':|! 1WK EGTVCKPGOGPV &oCDQTF DKGP GPVGP FW NC URÅEKCNKUCVKQP FCPU NGU RKPEGU GV NoCURKTCVKQP ¼ WP PKXGCW FG SWCNKVÅ ÅNGXÅ /CKU CWUUK NG EQPUVCV SWG OGU CPEÆVTGU U ÅVCKGPV FÅL¼ GORNQ[ÅU ¼ COÅNKQTGT EQPVK PWGNNGOGPV NGWTU RTQFWKVU GV NGWTU OÅVJQ FGU FG HCDTKECVKQP 'PƂP GV EG PoGUV RCU FGU OQKPFTGU WP OCPCIGOGPV UQNKFG GV FÅHGPFCPV FGU XCNGWTU SWG NoQP TGVTQWXG EQOOG WP ƂN EQPFWEVGWT CW EQWTU FG VQW VGU EGU CPPÅGU

8QVTG ITCPF RÄTG %CTN 2WVUEJ C HCKV VTC XGTUGT ¼ NC HQTIG NC %TKUG ÅEQPQOKSWG FG NC FKEVCVWTG GV NC 5GEQPFG IWGTTG OQPFKCNG £C PoC U×TGOGPV RCU ÅVÅ VQW LQWTU HCEKNG .C UQEKÅVÅ C PÅCPOQKPU TÅWUUK ¼ UG JKUUGT CW TCPI FG ITCPFG GPVTGRTKUG KPFWUVTKGNNG %QOOGPV EGNC UnGUV KN RCUUÅ ! $KGP GPVGPFW KN [ C GW CWUUK FGU RJCUGU FKHƂEKNGU FWTCPV EGU RÅTKQFGU ÃC PoC RCU VQWLQWTU ÅVÅ NoGZRCPUKQP 1WVTG NC RCUUKQP FGU DQPPGU RKPEGU NG VTCXCKN NG EQWTCIG GV NC VÅPCEKVÅ QPV LQWÅ ¼ EGV ÅICTF WP TÐNG KORQTVCPV .C EJCPEG C ÅICNGOGPV ÅVÅ FG NC RCTVKG s NoGPVTGRTKUG CWTCKV RW ÆVTG EQORNÄVGOGPV FÅVTWKVG RGPFCPV NC IWGTTG 2GTUQPPG PG UCKV EQOOGPV NGU EJQUGU CW TCKGPV CNQTU ÅXQNWÅGU 0QWU FGXQPU FQPE ÆVTG TGEQPPCKUUCPVU FoCXQKT ÅVÅ ÅRCTIPÅU RCT DGCWEQWR FG EJQUGU

%CTN )WUVCX 2WVUEJ

.o |#NNKICVQT| s WPG KPPQXCVKQP TÅXQNWVKQPPCKTG FG -0+2': FCPU NGU CPPÅGU

'P CW OKNKGW FW OKTCENG ÅEQ PQ OKSWG CNNGOCPF XQVTG RÄTG -CTN 2WVUEJ RTGPF NC FKTGEVKQP FG NoGPVTGRTKUG %GV GUUQT C V KN GW WP RWKUUCPV GHHGV UWT NoGPVTGRTKUG GV UWT UQP FÅXGNQRRGOGPV|! .C RTGOKÄTG OQKVKÅ FGU CPPÅGU C FoCDQTF ÅVÅ WPG RÅTKQFG GPEQTG FKHƂEKNG ECT KN OCPSWCKV DGCWEQWR FG EJQUGU CR TÄU NC IWGTTG NC OQTV UWDKVG GV RTÅEQ EG FG OQP ITCPF RÄTG OGU RCTGPVU SWK PoCXCKGPV SWG RGW FoGZRÅTKGPEG UG UQPV TGVTQWXÅU EQPHTQPVÅU ¼ WPG V¾EJG EQPUK FÅTCDNG +NU NoQPV VTÄU DKGP OCÊVTKUÅG CXGE DGCWEQWR FoGPICIGOGPV GV WPG ÅSWKRG EQORÅVGPVG

%QOOGPV -CTN 2WVUEJ C V KN OCTSWÅ -0+2': GP RGTUQPPG GV GP VCPV SWG EJGH FoGPVTGRTKUG RGPFCPV RNWU FG CPU ! /QP RÄTG CXCKV HCKV FGU ÅVWFGU FG OÅECPKSWG +N C RTQHQPFÅOGPV OQFGTPKUÅ NoGPVTGRTKUG NGU RTQFWKVU GV NC RTQFWEVKQP +N C UCKUK GV OKU GP QGWXTG NGU PQWXGNNGU RQU UKDKNKVÅU VGEJPKSWGU s RCT GZGORNG NGU OC VÅTKCWZ OCEJKPGU FoWUKPCIG QW OQFGU FoQTICPKUCVKQPU OQFGTPGU s GV C CKPUK EQP UVCOOGPV COÅNKQTÅ NC SWCNKVÅ GV NC RTQFWE VKXKVÅ 0QWU CXQPU TCRKFGOGPV WVKNKUÅ FGU OCEJKPGU QWVKNU %0% GV CWVQOCVKUÅ NC HQT IG FCPU PQVTG UGEVGWT RCTVKT FGU CPPÅGU OQP RÄTG PoC GW EGUUG FG RTÅUGPVGT FGU RTQFWKVU KPPQXCPVU GV TÅXQNWVKQPPCKTGU SWK CWLQWTFoJWK GPEQTG OCTSWGPV NoCRRCTGPEG GV NC HQPEVKQP FGU RKPEGU FCPU NG OQPFG GPVKGT +N UCXCKV EQPXCKPETG RCT UQP PCVWTGN GV UC TÅUGTXG +N RTÅHÅTCKV RQUGT FGU SWGUVKQPU SWG FQPPGT FGU NGÃQPU GV XQWNCKV VQWLQWTU RNWVÐV ÆVTG SWG RCTCÊVTG 6CPFKU SWG OQP RÄTG UoQEEWRCKV FG NC VGEJ PKSWG OC OÄTG GNNG U KPVÅTGUUCKV CXGE DG CWEQWR FG UWEEÄU ¼ NC RCTVKG EQOOGTEKCNG 'NNG LQWKUUCKV FoWP VTÄU ITCPF TGURGEV EJG\ PQU ENKGPVU #WLQWTFoJWK GPEQTG GNNG CKFG CEVKXGOGPV FCPU NoGPVTGRTKUG 'P XQWU GPVTG\ FCPU NoGPVTGRTKUG HCOKNKCNG %G EWTTKEWNWO ÅVCKV KN RQWT XQWU ƂZÅ FoCXCPEG XQKTG CVVGPFW FG XQV TG RCTV|!

-0+2': FCPU NGU CPPÅGU s NC ICOOG UoGUV PGVVGOGPV ÅVQHHÅG ¼ NoÅRQSWG

$KGP U×T NoÅXQNWVKQP RQUKVKXG FG NC FGOCPFG C CNQTU CWUUK CKFÅ s KN C OÆOG ÅVÅ NQPI VGORU VTÄU FKHƂEKNG FG NC EQWXTKT

NoKUUWG FoWPG FQWDNG UWEEGUUKQP FCPU NC HCOKNNG WPG VTQKUKÄOG UGODNCKV DKGP U×T ÅXKFGPVG ,GWPG CFWNVG LoCXCKU VQWVGHQKU TGRQWUUÅ FCPU WP RTGOKGT VGORU NoKFÅG FoWPG UWEEGUUKQP ÅXGPVWGNNG %G PoGUV SWG NQTU FoWP UVCIG FG NQPIWG FWTÅG SWG LG OG UWKU CRGTÃW FG NC FKXGTUKVÅ GV FG NoKPVÅTÆV FGU V¾EJGU ¼ CEEQORNKT FCPU NC UQEKÅVÅ GV FW RNCKUKT SWoKN [ C ¼ OQFGNGT GV ¼ FÅXGNQR RGT WPG GPVTGRTKUG CXGE FoCWVTGU

&CPU NoJKUVQKTG FG -0+2': EJCSWG IÅPÅTC VKQP C NCKUUÅ UQP GORTGKPVG 1Õ XQ[G\ XQWU NGU XÐVTGU|! .GU SWGUVKQPU KORQTVCPVGU RQWT OQK QPV ÅVÅ LWUSWoKEK NG FÅRNQKGOGPV GV NG FÅXGNQRRG OGPV FW ITQWRG -0+2': CXGE 4'0056'+) 14$+5 GV 9+.. GP WP TCUUGODNGOGPV FoWPKVÅU FG RTQFWEVKQP EQORNÅOGPVCKTGU 5o[ CLQWVG NoKPVGTPCVKQPCNKUCVKQP TGPHQTEÅG RCT NC OKUG GP RNCEG FG PQVTG RTQRTG TÅ UGCW EQOOGTEKCN FCPU FG PQODTGWZ RC[U FW OQPFG 'P RCTCNNÄNG PQWU CXQPU EGU FGTPKÄTGU OKU NoCEEGPV UWT NGU TGUUQWTEGU JWOCKPGU NC EWNVWTG FnGPVTGRTKUG GV UC EQPVTKDWVKQP CWZ GPLGWZ FW FÅXGNQRRG OGPV FWTCDNG #KPUK PQWU CXQPU RNWU SWG LCOCKU RTKU EQPUEKGPEG FGU XCNGWTU UQEKCNGU GPXKTQPPGOGPVCNGU GV ÅEQPQOKSWGU SWK FQKXGPV PQWU IWKFGT &G SWQK ÆVGU XQWU RCTVKEWNKÄTGOGPV ƂGT SWCPF XQWU TGICTFG\ NoJKUVQKTG FG NoGPVTGRTKUG|! 0QWU CXQPU CESWKU CW EQWTU FGU NQPIWGU CPPÅGU FG PQVTG GZKUVGPEG DGCWEQWR FG EQORÅVGPEGU WPG DQPPG KORNCPVCVKQP UWT NG OCTEJÅ GV PQWU RTQRQUQPU CWLQWTFo JWK ¼ PQU ENKGPVU VQWV WP GPUGODNG FG RTGU VCVKQPU %G SWK HCKV OC ƂGTVÅ EG UQPV PQU EQNNCDQTCVTKEGU GV EQNNCDQTCVGWTU SWK RCT NGWT UCXQKT HCKTG GV NGWT GPICIGOGPV QPV TGPFW RQUUKDNG EG UWEEÄU GV s EJCEWP ¼ UC RNCEG s NG TGPFGPV GPEQTG RQUUKDNG CWLQWTFoJWK 2QWT ƂPKT WP TGICTF UWT NoCXGPKT 3WoGUV EG SWK XC EJCPIGT GV PG RCU EJCPIGT RQWT NGU IÅPÅTCVKQPU ¼ XGPKT|!

-CTN GV +NUG 2WVUEJ

0QWU XQWNQPU PCVWTGNNGOGPV EQPVKPWGT ¼ GPVTGVGPKT PQU RQKPVU HQTVU %G PoGUV SWoGP COÅNKQTCPV EQPVKPWGNNGOGPV EG SWK GUV KORQTVCPV RQWT PQU ENKGPVU SWG PQWU EQPVKPWGTQPU ¼ CXQKT FW UWEEÄU 8KGPFTQPV EGTVCKPGOGPV Uo[ CLQWVGT FG PQWXGNNGU TÅIK QPU FG FKUVTKDWVKQP OCKU CWUUK FGU V¾EJGU GV QRRQTVWPKVÅU KPVÅTGUUCPVGU TÅUWNVCPV FG No+PVGTPGV CKPUK SWG FG NC PWOÅTKUCVKQP ETQKUUCPVG GV FGU PQWXGCWZ OQ[GPU FG EQOOWPKECVKQP /CKU EQOOG VQWV NG OQP FG NG UCKV NnCXGPKT PnGUV RCU VQVCNGOGPV RTÅXKUKDNG GV EnGUV LWUVGOGPV EGNC SWK NG TGPF UVKOWNCPV GV OQVKXCPV

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%CTN GV 6QPK 2WVUEJ

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.GU KPPQXCVKQPU -0+2': CW Æ‚N FW VGORU

#NNKICVQTŠ

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.oQDLGEVKH s FGU RKPEGU RQWT NG RTQHGUUKQPPGN 0QWU FÅXGNQRRQPU GV RTQFWKUQPU FGU RKPEGU FGUVKPÅGU CWZ WVKNKUCVGWTU RTQHGUUKQPPGNU FGU UGEVGWTU NGU RNWU FKXGTU %GU FGTPKGTU FQKXGPV RQWXQKT HCKTG EQPƂCPEG ¼ NGWT QWVKN CW SWQ VKFKGP GV GP CVVGPFGPV RTÅEKUKQP GV ƂCDKNKVÅ OÆOG GP ECU

FoWUCIG KPVGPUKH 2QWT TÅRQPFTG ¼ NGWTU DGUQKPU PQWU XQW NQPU RTQRQUGT NGU OGKNNGWTGU UQNWVKQPU s FGU RKPEGU QHHTCPV WP OCZKOWO FG RGTHQTOCPEGU FoGTIQPQOKG GV FoGPFWTCPEG SWG PQWU RGTHGEVKQPPQPU EQPVKPWGNNGOGPV

&G PQWXGNNGU KFÅGU s RQWT OKGWZ VTCXCKNNGT 0QWU UQOOGU FGRWKU FGU FÅEGPPKGU NGU RKQPPKGTU FGU KFÅGU GP OCVKÄTG FG RKPEGU 'P KPPQXCPV PQWU CXQPU UCPU EGUUG FÅXGNQRRÅ FGU UQNWVKQPU TÅXQNWVKQPPCKTGU RGTOGVVCPV CWZ WVKNKUCVGWTU FW OQPFG GPVKGT FG VTCXCKNNGT RNWU HCEKNGOGPV RNWU XKVG GV FCPU RNWU FG FQOCKPGU

4GRTÅUGPVCVKQP FGU EQPVTCKPVGU FG NC RKPEG EQWRCPVG FG EÐVÅ : %WV NQTU FG NC EQWRG FoWP ƂN ¼ NoCKFG FG NC OÅVJQFG FGU ÅNÅOGPVU ƂPKU ('/

.G PQWXGCW OQFÄNG s DKGP EQPÃW UKOWNÅ GV VGUVÅ .C OCTSWG -0+2': GUV U[PQP[OG FoGZKIGPEGU OCZKOCNGU %JCSWG PQWXGCW RTQFWKV GV EJCEWPG FGU OWNVKRNGU COÅ NKQTCVKQPU UQPV EQPÃWU LWUSWG FCPU NGU OQKPFTGU FÅVCKNU GV NGWTU RTQRTKÅVÅU KORQTVCPVGU UQPV UKOWNÅGU RCT FGU NQ IKEKGNU FG %#1 +NU UWDKUUGPV FG TWFGU VGUVU FG EQPVTCKPVG GV FoGPFWTCPEG GP NCDQTCVQKTG CXCPV FG HCKTG GPUWKVG NGWTU RTGWXGU FCPU NC RTCVKSWG .GU GPUGKIPGOGPVU CESWKU UQPV CNQTU OKU ¼ RTQƂV RQWT COÅNKQTGT GPEQTG NC EQPEGRVKQP FG NC RKPEG s GV NC VGUVGT ¼ PQWXGCW UQWU VQWVGU NGU EQWVWTGU 7P NQPI EJGOKP SWK U CXÄTG KPFKURGPUCDNG ¼ NoKPFWUVTKCNKUCVKQP

2KPEG %NÅ

6YKP(QTEG

: %WV

2KPEGU RQWT KPUVCNNCVKQPU ÅNGEVTKSWGU

2KPEG ¼ EQNNKGTU CWVQUGTTCPVU

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%JCSWG RKPEG -0+2': TGPHGTOG RNWU FG CPU FoGZRÅTKGPEG GV NG UCXQKT HCKTG FG OWNVKRNGU URÅEKCNKUVGU .C SWCNKVÅ FG PQU RKPEGU TÅUWNVG FG NC UQOOG FG PQODTGWUGU HQPEVKQPU GV RTQRTKÅVÅU RCTHCKVGOGPV JCTOQPKUÅGU &GU RKPEGU EQPÃWGU CXGE UQKP HCDTKSWÅGU CXGE WPG ITCPFG ƂCDKNKVÅ GV UÅXÄTGOGPV EQPVTÐNÅGU

.# (14/' #7 5'48+%' &' .# (10%6+10 #W FÃ…RCTV Æ‚IWTG NC RQKIPÃ…G HQTIÃ…G 5C HQTOG GV UGU FKOGPUKQPU UG ECNEWNGPV ¼ RCTVKT FG NoÃ…VWFG FG NC RKPEG RQWT GP FÃ…FWKTG GPUWKVG NC EQPÆ‚IWTCVKQP NC OKGWZ CRRTQRTKÃ…G FG NC OCVTKEG 7P NQIKEKGN URÃ…EKCN PQWU RGTOGV FG UKOWNGT NC TÃ…RCTVKVKQP GV NC FGPUKÆ‚ECVKQP QRVKOCNGU FG NoCEKGT ¼ |ÂŒ% FCPU NC OCVTKEG

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0QWU HQTIGQPU PQU RKPEGU ¼ RCTVKT FoCEKGTU FG JCWVG SWCNKVÃ… UQKIPGWUGOGPV UÃ…NGEVKQPPÃ…U GV URÃ…EKCNGOGPV NCOKPÃ…U RQWT PQWU UGNQP FG UÃ…XÄTGU URÃ…EKÆ‚ECVKQPU 0QWU HCDTKSWQPU PQWU OÆOGU NGU OCVTKEGU CXGE ITCPFG RTÃ…EKUKQP ¼ RCTVKT FG OCVÃ…TKCWZ RCTVKEWNKÄTGOGPV TÃ…UKU VCPVU .G FKOGPUKQPPGOGPV GV NC RTÃ…EKUKQP FGU OCVTKEGU UQPV FGU HCEVGWTU KORQTVCPVU FG SWCNKVÃ… GV FG TGPVCDKNKVÃ…

0175 &¥8'.122105 '6 %105647+5105 &'5 /#%*+0'5 .C RKPEG TGÃQKV RGW ¼ RGW UGU ECTCEVÅTKUVKSWGU HQPEVKQPPGNNGU RCT WPG OWNVKVWFG FoQRÅTCVKQPU FoWUKPCIG OÅECPKSWG 2QWT EG HCKTG PQWU WVKNKUQPU FGU OCEJKPGU SWG FCPU DKGP FGU ECU PQWU EQPUVTWKUQPU PQWU OÆOGU GP HQPEVKQP FG PQU DGUQKPU RCTVKEWNKGTU &GU OCEJKPGU SWK TGPHGTOGPV DGCWEQWR FoGZRÅTKGPEG GV FG XCUVGU EQPPCKUUCPEGU URÅEKCNKUÅGU &G ITCPFGU UÅTKGU GV WPG CWVQOCVK UCVKQP OQFGTPG PQWU RGTOGVVGPV FG RCTXGPKT ¼ WP JCWV PKXGCW FoGHƂEKGPEG GP HCDTKECVKQP

(#$4+37'4 '6 %1064°.'4 .# 24¥%+5+10 0QWU WVKNKUQPU FGU VGEJPKSWGU FG EQPVTÐNG WNVTCOQFGTPGU RQWT TÅRQPFTG GP VQWVG UÅEWTKVÅ ¼ PQU CURKTCVKQPU FG SWCNKVÅ GV FG RTÅEKUKQP .GU RGTHQTOCPEGU RCTVKEWNKÄTGU FG PQU RKPEGU UWRRQUGPV NG TGURGEV FG VQNÅTCPEGU VTÄU UGTTÅGU 'NNGU UQPV UQWXGPV FG SWGNSWGU EGPVKÄOGU FG OKNNKOÄVTG ICWEJG| EQPVTÐNG PQP FGUVTWEVKH FoWP DTWV %K FGUUQWU| OGUWTG FG NoCZG FoCTVKEWNCVKQP

.# %*#.'74 37o+. (#76 /ÆOG WP DQP OCVÃ…TKCW PG TÃ…UKUVG CWZ UQNNKEKVCVKQPU GV ¼ NoWUWTG SWoCW RTKZ FoWP VTCKVGOGPV VJGTOKSWG UQKIPÃ… RCT Ã…VCRGU JCTOQPKUÃ…GU CXGE RTÃ…EKUKQP 0QWU ETÃ…QPU CKPUK WPG UVTWEVWTG OQNÃ…EWNCKTG QHHTCPV WP QRVKOWO FG FWTGVÃ… GV FG TQDWUVGUUG 'UUCK FG FWTGVÃ…| OGUWTG FoWPG GORTGKPVG FW RÃ…PÃ…VTCVGWT

5#05 %1/241/+5 .Âœ 1µ +. (#76 0QWU CEEQTFQPU WP UQKP RCTVKEWNKGT CWZ RQKPVU FoCEVKQP FG PQU RKPEGU PQVCOOGPV CWZ VTCPEJCPVU GV CWZ FGPVWTGU FG RTÃ…JGPUKQP .GWT Æ‚CDKNKVÃ… GV NGWT NQPIÃ…XKVÃ… UQPV NG HTWKV FG IÃ…QOÃ…VTKGU RTÃ…EKUGU GV FoWPG VTGORG CFFKVKQPPGNNG RCT EQWTCPV JCWVG HTÃ…SWGPEG

(+0+6+10 s '56*'6+37' '6 2.75 '0%14' .C RTQFWEVKQP UoCEJÄXG RCT NG |FGTPKGT EQWR FG RQNK| GV NC RQUG FG RQKIPÅGU QW ICKPGU RNCUVKSWG GTIQPQ OKSWGU .C UÅEWTKVÅ FoCDQTF| EJCSWG RKPEG KUQNÅG FQKV PQVCOOGPV TÅUKUVGT ¼ WP GUUCK UQWU VGPUKQP FG |8 'UUCK UQWU JCWVG VGPUKQP CW DCKP FoGCW

(+#$+.+6¥ )#4#06+' 0QVTG OCTSWG GUV U[PQP[OG FoWPG RTQOGUUG| ƂCDKNKVÅ ¼ | 0QWU VGUVQPU FQPE RCT GZGORNG EJCSWG RKPEG EQWRCPVG FG EÐVÅ UWT FW ƂN CXCPV SWoGNNG PG SWKVVG NoWUKPG %oGUV WPG FÅOCTEJG NQWTFG OCKU CWUUK NC ICTCPVKG FG TÅRQPFTG CWZ GZKIGPEGU GV CVVGPVGU FG PQU WVKNKUCVGWTU FCPU NG OQPFG GPVKGT

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7PG OCTSWG s WPG WUKPG 0QWU XQWNQPU CXQKT NC OCÊVTKUG FG VQWV EG SWK HCKV NC OCTSWG ‡|-0+2':|— %oGUV RQWTSWQK PQWU PQWU EJCTIGQPU PQWU OÆOGU UQWU WP OÆOG VQKV FG VQWVG NC HCDTKECVKQP FG PQU RKPEGU s FG NC HQTIG ¼ NoGODCNNCIG 0QVTG UKVG GUV DCUÃ… ¼ 9WRRGTVCN %TQPGPDGTI s QÕ NC RTQFWEVKQP FoQWVKNU

FG JCWVG SWCNKVÃ… GUV FÃ…L¼ FG VTCFKVKQP EGPVGPCKTG 3WGNSWG UCNCTKÃ…U [ HCDTKSWGPV EJCSWG LQWT UWT OCEJKPGU RNWU FG RKPEGU s CXGE WP DQP TGPFGOGPV GV NG RNWU ITCPF UQKP RQWT EJCSWG QWVKN

%JGOKPU RNWU EQWTVU s COÃ…NKQTCVKQP TCRKFG 0QVTG HCDTKECVKQP UWT WP UGWN UKVG RGTOGV NnKPVGTEQPPGZKQP Ã…VTQKVG FG VQWVG NC EJCK PG FG XCNGWT GV NC DQPPG EQPEGTVCVKQP FGU KPVÃ…TGUUÃ…U &GU EJGOKPU RNWU EQWTVU s [ EQORTKU XGTU NG FÃ…XGNQRRGOGPV GV NG EQOOGTEKCN s CDQWVKUUGPV ¼ FGU DQWENGU FG TÃ…IWNCVKQP RNWU GHÆ‚ECEGU

.GU GZKIGPEGU FW OCTEJÃ… GV KFÃ…GU FoCOÃ…NKQTCVKQPU HQPV FKTGEVGOGPV NGWT GPVTÃ…G GP HCDTKECVKQP NGU GZRÃ…TKGPEGU FG NC RTQFWEVKQP Ã…VCPV SWCPV ¼ GNNGU RTKUGU GP EQORVG FCPU NC EQPEGRVKQP FGU RKPEGU

.oKORNCPVCVKQP FG NoGPVTGRTKUG UWT WPG UWRGTÆ‚EKG WVKNG FG O

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CTVG| PQVTG EJ 'ZVTCKV FG P OGPV KPXG G I C I P G QP PQVTG 3WCNKÆ‚ECVK CPEG FG TO Q TH G R V UG FG VKXKVÃ… G GPV NC DC VW VK U P Q E RTKV RGT UQ PPGN CPU EGV GU F V U oG % G UKV FKVKQPU PQVTG TÃ…WU U NGU EQP P Q TÃ… E U W G UGU SWG PQ NQKGOGPV F R Ã… F W C U PÃ…EGUUCKTG U RQUUKDKNKVÃ…

-0+2': s EoGUV PQWU VQWU -0 0QVTG RGTUQPPGN GUV EG SWK HCKV -0+2': s ¼ 9WRRGTVCN EQOOG CW UGKP FG PQU CPVGPPGU EQOOGTEKCNGU FG RNWU GP RNWU PQODTGWUGU ¼ VTCXGTU NG OQPFG %G UQPV EGU EQNNCDQTCVGWTU SWK s EJCEWP ¼ UC RNCEG s CEEQORNKUUGPV CXGE DGCWEQWR FoGPICIGOGPV VQWV NG VTCXCKN SWoCVVGPFGPV PQU ENKGPVU GV WVKNKUCVGWTU /CKU PQU GO RNQ[Ã…U PQWU UQPV CWUUK KORQTVCPVU UWT NG

RNCP JWOCKP 0QWU VGPQPU DGCWEQWR ¼ WPG DQPPG CODKCPEG FG VTCXCKN GV ¼ NC RTQOQVKQP FG NGWT UCPVÃ… 0QVTG RTQRTG ETÄEJG NGU CKFG ¼ EQPEKNKGT OÃ…VKGT GV HC OKNNG 0QWU CEEQTFQPU DGCWEQWR FoKORQTVCPEG ¼ FG DQPU TCRRQTVU JWOCKPU GV UCXQPU SWG EG PoGUV SWoGPUGODNG SWG PQWU RQWXQPU CVVGKPFTG PQU QDLGEVKHU

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0QVTG ETÄEJG JCWVG GP EQWNGWT CEEWGKNNG NGU GPHCPVU FW RGTUQPPGN

#RRTGPVKUUCIG GV FÃ…XGNQRRGOGPV 0QWU KPXGUVKUUQPU DGCWEQWR FCPU NC HQTOCVKQP KPKVKCNG GV EQPVKPWG FG PQVTG RGTUQPPGN 7PG EKPSWCPVCKPG FoCRRTGPVKU CRRTGPPGPV CEVWGNNGOGPV EJG\ PQWU JWKV OÃ…VKGTU FKHHÃ…TGPVU GP FÃ…XGNQRRCPV PQP UGWNGOGPV NGWTU EQPPCKUUCPEGU VGEJPK SWGU OCKU CWUUK NGWT RGTUQPPCNKVÃ… &GU UCNCTKÃ…U FG NQPIWG FCVG RTQÆ‚VGPV GWZ CWUUK FG NC RQUUKDKNKVÃ… FoCESWÃ…TKT UWT NG

VCU WPG SWCNKƂECVKQP RTQHGUUKQPPGNNG s CXGE FG VTÄU DQPU TÅUWNVCVU 5o[ CLQWVGPV FG OWNVKRNGU QHHTGU FG HQTOCVKQP EQPVK PWG RCT GZGORNG PQVTG ‡|#ECFÅOKG FW UCOGFK| — CWZ VJÄOGU IÅPÅTCWZ VTÄU XCTKÅU %JG\ PQWU QP PG EGUUG LCOCKU FoCRRTGPFTG ECT PQWU XQWNQPU EQPUVCO OGPV PQWU RGTHGEVKQPPGT

-0+2': C TGÃW GP NG RTKZ FG NC HQTOCVKQP RTQHGUUKQPPGNNG FG NC TÅIKQP FG $GTI

G EJCTVG| 'ZVTCKV FG PQVT ¼ UKVG Ã…EQPQOKSWG WU TÃ… NC PU UQ XK 0QWU TVG SWGN U RCU ¼ PoKORQ NQPI VGTOG OCK XCNGWTU TKGPVQPU UWT NGU Q WU PQ U QW 0 RTKZ GPV Ã…EQ WP FÃ…XGNQRRGO GV NoQDLGEVKH Fo Ã…EQNQIK UQEKCNGOGPV GV V GP O WG KS O PQ U CKPUK 0QWU CUUWOQP G DN TC FW V GP SWGO FG NC CDKNKVÃ… ¼ NoÃ…ICTF PQVTG EQ TGURQPU PXKTQPPGOGPV UQEKÃ…VÃ… GV FG NoG

'6 4'52105#$+.+6Â¥ 0QU RTKPEKRCNGU CEVKQPU GV TÃ…WUUKVGU|

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Â¥EQNQIKG 2TÃ…UGTXGT NGU TGUUQWTEGU GV CHHGEVGT NG OQKPU RQUUKDNG NoGPXKTQPPGOGPV GUV RQWT PQWU KORQTVCPV 0QWU UWKXQPU RCT EQPUÃ…SWGPV WPG OWNVKVWFG FG SWGUVKQPU NKÃ…GU ¼ NoÃ…EQNQIKG

ƒ 0QWU WVKNKUQPU GZENWUKXGOGPV FG NoÃ…NGEVTKEKVÃ… KUUWG FG UQWTEGU FoÃ…PGTIKG TGPQWXGNCDNGU PGWVTGU GP %1 FQPV FG NoÃ…NGEVTKEKVÃ… UQNCKTG SWG PQWU RTQFWKUQPU Ã…ICNGOGPV UWT RNCEG ƒ 0QWU CXQPU FÃ…L¼ FKOKPWÃ… FG RNWU FG NC EQPUQOOCVKQP FoÃ…PGTIKG RTQFWKVG RCT RKPEG FGRWKU PQVCOOGPV RCT TÃ…EWRÃ…TCVKQP FG EJCNGWT DT×NGWTU FG VGEJPQNQIKG OQFGTPG GV EQOOCPFGU KPVGNNKIGPVGU ƒ FG PQVTG RCRKGT GV PQU KORTKOÃ…U RTQXKGPPGPV FW TGE[ENCIG QW FG NoGZRNQKVCVKQP FWTCDNG FG HQTÆVU

EGTVKÆ‚ECVKQP 2'(' ƒ .oWVKNKUCVKQP FoCEKGTU FG ITCPFG SWCNKVÃ… CNNKÃ…G ¼ NGWT VTCKVGOGPV URÃ…EKCN CUUWTG WPG FWTÃ…G FG XKG RCTVKEWNKÄTGOGPV NQPIWG ƒ 2NWU FG FG PQU FÃ…EJGVU UQPV TGE[ENÃ…U ƒ 0QWU GZRÃ…FKQPU NC VTÄU ITCPFG OCLQTKVÃ… FG PQU EQNKU GP PGWVTCNKVÃ… %1

0QVTG ' /QDKN s GP TQWVG UCPU Ã…OKUUKQPU

.C VQKVWTG FG NoWUKPG UGTV ¼ ECRVGT NoÃ…PGTIKG UQNCKTG

&Â¥8'.122'/'06 &74#$.' 0QVTG NQUCPIG OQPVTG NC FKXGTUKVÃ… FGU FKOGPUKQPU FW FÃ…XGNQRRGOGPV FWTCDNG 1WVTG NoÃ…EQNQIKG GV NC UQEKÃ…VÃ… NoÃ…EQPQOKG NG RTQFWKV NG RGTUQPPGN CKPUK SWG NGU RCTVGPCKTGU GV NG OCTEJÃ… UQPV FoCWVTGU Ã…NÃ…OGPVU FG PQVTG EQPEGRV FG FÃ…XGNQR RGOGPV FWTCDNG

45' s 4GURQPUCDKNKVÃ… 5QEKÃ…VCNG FG Nn'PVTGRTKUG 0QWU PQWU UGPVQPU UQNKFCKTGU FG PQVTG TÃ…IKQP GV FG UGU JCDKVCPVU GV XQWNQPU CRRQTVGT GP VCPV SWoGPVTGRTKUG WPG EQPVTKDWVKQP GHÆ‚ECEG CW DKGP RWDNKE %oGUV RQWTSWQK PQWU PQWU GPICIGQPU FCPU FG PQODTGWZ Ã…VCDNKUUG OGPVU GV RTQLGVU CZÃ…U UWT NoÃ…FWECVKQP NG UQEKCN GV NC EWNVWTG 0QVTG RGTUQPPGN PQWU CKFG Ã…ICNGOGPV FCPU EGVVG OKUUKQP

0QU CZGU FoCEVKXKVÃ…| ƒ #UUKUVCPEG GV EQQRÃ…TCVKQP CXGE FG OWNVKRNGU Ã…VCDNKUUGOGPVU FG HQTOCVKQP VGNU SWG No‡|7PKXGTUKVÃ… FGU LWPKQTU|— FG 9WRRGTVCN FGU Ã…EQNGU GV NoWPKXGTUKVÃ… FG NC TÃ…IKQP FG $GTI ƒ 2TQOQVKQP FG VJÃ…¾VTGU EJQTCNGU Ã…EQNGU FG OWUKSWG GV KPKVKCVKXGU EWNVWTGNNGU FCPU PQVTG XKNNG ƒ /CPKHGUVCVKQPU FoGPVTGRTKUGU ¼ NoKPVGPVKQP FW ITCPF RWDNKE VGNNGU SWG EQPEGTVU FG DKGPHCKUCPEG CW RTQÆ‚V FoyWXTGU UQEKCNGU ƒ /WNVKRNGU CEVKXKVÃ…U FG FQPU GV FG RCTTCKPCIG

-0+2': C KPVÃ…ITÃ… NC TGURQPUCDKNKVÃ… ¼ NoÃ…ICTF FG NoGPXKTQPPGOGPV GV FG NC UQEKÃ…VÃ… FCPU VQWU UGU RTQEGUUWU GV C Ã…VÃ… TÃ…EQORGPUÃ… ¼ EG VKVTG ¼ NC FGTPKÄTG Ã…FKVKQP FW UCNQP FG NC SWKPECKNNGTKG RCT NG RTKZ %54

%54 %QTRQTCVG 5QEKCN 4GURQPUKDKNKV[

#RRTGPFTG ¼ EQPPCKVTG NGU QWVKNU EQORTGPFTG NGWTU HQPEVKQPU VGUVGT NGWTU ECRCEKVÃ…U s RCT PQU RTQRTGU RTGUVCVKQPU PQWU RTQOQWXQPU EJG\ NGU LGWPGU FG NoGPVJQWUKCUOG RQWT NG FQOCKPG VGEJPKSWG GV FG NC LQKG FCPU UQP CRRTGPVKUUCIG EQOOG FCPU UC EQORTGJGPUKQP

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&#05 .' /10&' '06+'4 0QWU Ã…SWKRQPU NGU WVKNKUCVGWTU FCPU RNWU FG RC[U RCT WP TÃ…UGCW KPVGTPCVKQPCN FG FKUVTKDWVGWTU GPECFTÃ…U RCT PQU CIGPEGU GV TGRTÃ…UGPVCPVU .G EQPVCEV RGTUQPPGN NC EQPVKPWKVÃ… GV NC Æ‚CDKNKVÃ… UQPV RQWT PQWU KORQTVCPVU 0QWU UQOOGU Æ‚GTU FoCXQKT FG PQODTGWZ RCTVGPCKTGU SWK PQWU CEEQTFGPV NGWT EQPÆ‚CPEG FGRWKU FGU FÃ…EGPPKGU

&GU HQTOCVKQPU TÅIWNKÄTGU FG PQU FKUVTKDWVGWTU CWZ RTQFWKVU ICTCPVKUUGPV CWZ ENKGPVU WPG CUUKUVCPEG EQPUGKN FG SWCNKVÅ

0QVTG UGTXKEG ENKGPVÄNG GUV NoKPVGTNQEWVGWT EQORÅVGPV FG PQU ENKGPVU

2CTVGPCTKCV GV RGTHQTOCPEG

2TÃ…UGPEG UWT NC 6QKNG

%G PoGUV RCU UGWNGOGPV RCT PQU RTQFWKVU SWG PQWU XQWNQPU ÆVTG NG OGKNNGWT RCTVGPCKTG FG PQU ENKGPVU %oGUV RQWTSWQK PQWU CUUKUVQPU PQU FKUVTKDWVGWTU RCT WP UGTXKEG CRTÄU XGPVG FG SWCNKVÃ… GV TCRKFG FG XCUVGU CEVKQPU FG HQTOCVKQP GV FoCUUKUVCPEG EQPUGKN CKPUK SWG FG OWNVK RNGU CKFGU ¼ NC XGPVG

0QVTG UKVG +PVGTPGV QHHTG CWZ RCTVGPCKTGU GV EQPUQOOCVGWTU GP NCPIWGU FGU KPHQTOCVKQPU FÃ…VCKNNÃ…GU UWT NGU TÃ…HÃ…TGPEGU FG PQVTG ICOOG s CXGE FG OWNVKRNGU KPHQTOCVKQPU FG HQPF EQPUGKNU FoWVKNKUCVKQP GV XKFÃ…QU FG RTQOQVKQP FGU XGPVGU

&GU RTÃ…UGPVCVKQPU GV FÃ…OQPUVTCVKQPU FoQWVKNU UWT FGU UCNQPU PCVKQPCWZ GV KP VGTPCVKQPCWZ CKPUK SWG UWT WPG OWNVK VWFG FoÃ…XÃ…PGOGPVU QTICPKUÃ…U FKTGEVG OGPV EJG\ PQU FKUVTKDWVGWTU PQWU RGTOGVVGPV FoCXQKT WP Ã…EJCPIG KPVGPUKH CXGE PQU RCTVGPCKTGU GV ENKGPVU Æ‚PCNU

%G UKVG +PVGTPGV GV NGU OÃ…FKCU UQEKCWZ PQWU RGTOGVVGPV FoQDVGPKT WP TGVQWT FoKPHQTOCVKQP GV FG RTÃ…EKGWUGU UWIIGUVK QPU FoWVKNKUCVGWTU GZRÃ…TKOGPVÃ…U UWT PQU RTQFWKVU

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.GU XTCKU ENCUUKSWGU UQPV KPVGORQTGNU 'V EoGUV CKPUK SWG NG EJGH FoyWXTG FG 5EJKN NGT ‡|/CTKC 5VWCTV|— PQWU Ã…OGWV GPEQTG CPU CRTÄU UC RTGOKÄTG TGRTÃ…UGPVCVK QP .G FTCOG JKUVQTKSWG CWVQWT FG NC NWVVG HCVCNG RQWT NG RQWXQKT FG FGWZ TGKPGU FG NoCOQWT GV FG NoJWOKNKCVKQP PQWU HCUEKPG FGU JGWTGU FWTCPV &GU OKUGU GP UEÄPG OQFGTPGU [ EQPVTKDWGPV EQOOG ¼ No1RÃ…TC FG 9WRRGTVCN 'NNGU UG HQPV NG OÃ…FKCVGWT FGU EQPVGPWU FW ENCUUKSWG RQWT NoCOCVGWT FG EWNVWTG FoCWLQWTFoJWK &GTTKÄTG NG TK FGCW PQVTG RKPEG WPKXGTUGNNG FoÃ…NGEVTKEKGP RTGPF WPG RGVKVG RCTV ¼ NC OCKPVGPCPEG GV ¼ NC TÃ…RCTCVKQP FG NoÃ…SWKRGOGPV FG UEÄPG

2KPEGU WPKXGTUGNNGU GV OWNVK HQPEVKQPU 2KPEGU WPKXGTUGNNGU 2KPEGU WPKXGTUGNNGU ¼ HQTVG FÃ…OWNVKRNKECVKQP 2KPEG WPKXGTUGNNG OKPKCVWTG 2KPEGU WPKXGTUGNNGU RQWT E¾DNGU OQFÄNG COÃ…TKECKP 2KPEGU RQWT KPUVCNNCVKQPU Ã…NGEVTKSWGU 2KPEGU OWNVK HQPEVKQPU 2KPEGU ¼ DGEU TQPFU CXGE VTCPEJCPV RKPEGU FnQTHÄXTG 2KPEG ¼ DGEU RNCVU CXGE VTCPEJCPV RKPEG RQWT OÃ…ECPKEKGP FG RTÃ…EKUKQP 2KPEG FGOK TQPFG CXGE EQWRG HKNU EGPVTCN RKPEG RQWT VÃ…NÃ…RJQPG 2KPEGU ¼ DGEU FGOK TQPFU CXGE VTCPEJCPV RKPEGU TCFKQ 2KPEGU ¼ DGEU FGOK TQPFU CXGE VTCPEJCPV RKPEGU DGE FG EKIQIPG

.oÃ…ENCKTCIG GUV HTCIKNG GV EQ×VGWZ *GPPKPI 2TKGOGT EJGH Ã…ENCKTCIKUVG FGU VJÃ…¾VTGU GV FG NoQTEJGUVTG U[ORJQPKSWG FG 9WRRGTVCN OKUG FG EG HCKV UWT NC RKPEG WPKXGTUGNNG FoÃ…NGEVTKEKGP -0+2':

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CXGE \QPGU FG RTÃ…JGPUKQP URÃ…EKCNGU RQWT OCVÃ…TKCWZ RNCVU GV TQPFU RQWT WPG WVKNKUCVKQP RQN[XCNGPVG â– CXGE VTCPEJCPVU RQWT HKNU FQWZ GV FWTU â– VTCPEJCPVU NQPIU RQWT E¾DNGU Ã…RCKU â– VTCPEJCPVU VTGORÃ…U RCT KPFWEVKQP FWTGVÃ… FnGPX *4% â– #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

%CRCEKVÃ…U FG EQWRG 4Ã…H

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6ÆVG

2QKIPÃ…GU

PQKTG CVTCOGPVKUÃ…G

RQNKG

ICKPÃ…GU GP RNCUVKSWG

PQKTG CVTCOGPVKUÃ…G

RQNKG

CXGE ICKPGU DK OCVKÄTG

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÃ…G

KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

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2KPEGU WPKXGTUGNNGU ¼ HQTVG FÃ…OWNVKRNKECVKQP &+0 +51

FoGHHQTV Ã…EQPQOKUÃ… RCT TCRRQTV ¼ FGU RKPEGU WPKXGTUGNNGU UVCPFCTF #XGE VTCPEJCPVU FWTGVÃ… FoGPXKTQP *4% RQWT WVKNKUCVKQP GP TWFGU EQPFKVKQPU VTCXCKN RNWU HCEKNG IT¾EG ¼ WPG FÃ…OWNVKRNKECVKQP QRVKOKUÃ…G RQWT EQWRGT CKUÃ…OGPV CKPUK SWG UCKUKT RNKGT GV VKTGT RWKUUCOOGPV â– VTCPEJCPVU NQPIU RQWT E¾DNGU Ã…RCKU â– CXGE \QPGU FG RTÃ…JGPUKQP URÃ…EKCNGU RQWT OCVÃ…TKCWZ RNCVU GV TQPFU RQWT WPG WVKNKUCVKQP RQN[XCNGPVG â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

%CRCEKVÃ…U FG EQWRG 4Ã…H

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6ÆVG

2QKIPÃ…GU

PQKTG CVTCOGPVKUÃ…G

RQNKG

ICKPÃ…GU GP RNCUVKSWG

PQKTG CVTCOGPVKUÃ…G

RQNKG

CXGE ICKPGU DK OCVKÄTG

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÃ…G

KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

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2KPEGU WPKXGTUGNNGU EJTQOG XCPCFKWO

RQWT UQNNKEKVCVKQPU GZVTÆOGU CXGE \QPGU FG RTÃ…JGPUKQP URÃ…EKCNGU RQWT OCVÃ…TKCWZ RNCVU GV TQPFU RQWT WPG WVKNKUCVKQP RQN[XCNGPVG â– CXGE VTCPEJCPVU RQWT HKNU FQWZ GV FWTU GV RQWT EQTFG ¼ RKCPQ â– VTCPEJCPVU NQPIU RQWT E¾DNGU Ã…RCKU â– VTCPEJCPVU VTGORÃ…U RCT KPFWEVKQP FWTGVÃ… FnGPX *4% â– O¾EJQKTGU RCTVKEWNKÄTGOGPV TÃ…UKUVCPVGU ¼ NnWUWTG FWTGVÃ… FnGPX *4% â– #EKGT JCWVG RGTHQTOCPEG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

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2KPEG

2QKIPÃ…GU

EJTQOÃ…G

KUQNÅGU CXGE ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

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RKPEG WPKXGTUGNNG EQORCEVG RQWT NoCTVKUCPCV GV NGU NQKUKTU CXGE \QPGU FG RTÃ…JGPUKQP URÃ…EKCNGU RQWT OCVÃ…TKCWZ RNCVU GV TQPFU RQWT WPG WVKNKUCVKQP RQN[XCNGPVG â– CXGE VTCPEJCPVU RQWT HKNU FQWZ GV FWTU â– VTCPEJCPVU VTGORÃ…U RCT KPFWEVKQP FWTGVÃ… FnGPX *4% â– #EKGT Ã…NGEVTKSWG CW XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

%CRCEKVÃ…U FG EQWRG 4Ã…H

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2QKIPÅGU CXGE ICKPGU DK OCVKÄTG

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2KPEGU WPKXGTUGNNGU RQWT E¾DNGU

8GTUKQP COÅNKQTÅG

OQFÄNG COÅTKECKP

/CKPVGPCPV FnGHHQTV ÅEQPQOKUÅ RCT TCRRQTV ¼ WPG RKPEG WPKXGTUGNNG UVCPFCTF IT¾EG ¼ WPG FÅOWNVKRNKECVKQP QRVKOKUÅG

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EQPEGRVKQP OCUUKXG RQWT UQNNKEKVCVKQPU GZVTÆOGU WVKNKUCVKQP WPKXGTUGNNG ■ HQTOG FGU RQKIPÅGU GTIQPQOKSWG QRVKOKUÅG RQWT WPG RCTHCKVG RTKUG GP OCKP GV WP VTCXCKN OQKPU HCVKIWCPV ■ \QPG FG RTÅJGPUKQP FGU O¾EJQKTGU UVTKÅG GP ETQKZ RCTVKEWNKÄTGOGPV GHHKECEG s RQWT WPG UCKUKG GV WPG GZVTCEVKQP HGTOGU ■ \QPG FG UCKUKG UWRRNÅOGPVCKTG UKVWÅG UQWU NC EJCTPKÄTG RQWT WP GHHGV FG NGXKGT GV WPG RTGUUKQP RWKUUCPV ■ CXGE VTCPEJCPVU RQWT HKNU FQWZ GV FWTU ■ VTCPEJCPVU VTGORÅU RCT KPFWEVKQP FWTGVÅ FoGPX *4% ■ #EKGT ÅNGEVTKSWG CW XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

CXGE FKURQUKVKH CKFCPV ¼ VKTGT NGU E¾DNGU FCPU NC HGPVG FG NC EJCTPKÄTG CXGE RQKPV FG UGTVKUUCIG ¼ GTIQV WPKXGTUGN UKVWÅ CW FGUUQWU FG NC EJCTPKÄTG

6TCPEJCPVU NQPIU RQWT UGEVKQPPGT NGU E¾DNGU RNCVU

<QPG FG UCKUKG UKVWÅG UQWU NC EJCTPKÄTG RQWT WP GHHGV FG NGXKGT RWKUUCPV

+PVÅTKGWT FGU O¾EJQKTGU UVTKÅ GP ETQKZ RQWT UCKUKT GV VKTGT CXGE GHHKECEKVÅ FCPU NC EQPUVTWEVKQP FG ENÐVWTGU

RQKPV FG UGTVKUUCIG ¼ GTIQV WPKXGTUGN UKVWÅ CW FGUUQWU FG NC EJCTPKÄTG

CXGE FKURQUKVKH FoCKFG RQWT VKTGT NGU E¾DNGU FCPU NC HGPVG FG NnCTVKEWNCVKQP

%CRCEKVÅU FG EQWRG '#0 4ÅH

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6ÆVG RQNKG RQNKG RQNKG RQNKG

2QKIPÅGU ICKPÅGU GP RNCUVKSWG CPVKFÅTCRCPV CXGE ICKPGU DK OCVKÄTG ICKPÅGU GP RNCUVKSWG CPVKFÅTCRCPV CXGE ICKPGU DK OCVKÄTG

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2+0%'5 /7.6+ (10%6+105

2KPEGU RQWT KPUVCNNCVKQPU Ã…NGEVTKSWGU .C OWNVK VCNGPVU FW RTQHGUUKQPPGN

2KPEG OWNVKHQPEVKQP RQWT KPUVCNNCVKQPU Ã…NGEVTKSWGU RQWT UCKUKT NGU HQTOGU RNCVGU GV TQPFGU RNKGT Ã…DCXWTGT EQWRGT NGU E¾DNGU FÃ…PWFGT NGU EQPFWEVGWTU GV UGTVKT NGU EQUUGU HQPEVKQPU GP WPG UGWNG RKPEG DGEU ¼ DQWV NKUUG RQWT UCKUKG UCPU GPFQOOCIGOGPV FG EQPFWEVGWTU KPFKXKFWGNU UWTHCEGU FG RTÃ…JGPUKQP GV \QPG UGTTG VWDG RQWT UCKUKG FG HQTOGU RNCVGU GV TQPFGU â– DQTF GZVÃ…TKGWT FG NC O¾EJQKTG ¼ CTÆVG RNWU XKXG RQWT TQIPGT NGU DQÊVGU GPECUVTÃ…GU GV Ã…DCXWTGT NGU VTQWU FG VTCXGTUÃ…G â– VTQWU FG FÃ…PWFCIG RQWT EQPFWEVGWTU FG OOÂŽ GV OOÂŽ â– OCVTKEG FG UGTVKUUCIG RQWT EQUUGU FG OOÂŽ â– EQWRG E¾DNGU ¼ VTCPEJCPVU FG RTÃ…EKUKQP VTGORÃ…U RCT KPFWEVKQP RQWT E¾DNGU %W GV #N CNNCPV LWUSWn¼ Z OOÂŽ OO FG FKCOÄVTG â– RTÃ…JGPUKQP UCPU QWXGTVWTG EQORNÄVG FG NC RKPEG OÃ…ECPKUOG KPVGN NKIGPV FG OCKPVKGP GP RQUKVKQP HGTOÃ…G UWT NC XGTUKQP ¼ TGUUQTV FnQW XGTVWTG .G VTCPEJCPV TGUVG HGTOÃ… GV RTQVÃ…IÃ… â– HQTOG Ã…NCPEÃ…G CUUWTCPV WPG DQPPG CEEGUUKDKNKVÃ… â– EJCTPKÄTG XKUUÃ…G OQWXGOGPV FG NC RKPEG RTÃ…EKU GV UCPU LGW â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

NG U[UVÄOG FG XGTTQWKNNCIG CEVKXÃ… OCKPVKGPV NGU VTCPEJCPVU HGTOÃ…U UCPU GORÆEJGT NGU CWVTGU HQPEVKQPU NG OÃ…ECPKUOG KPVGNNKIGPV FG OCKPVKGP RGTOGV FG ‡|UCKUKT|— UCPU CXQKT ¼ QWXTKT NC RKPEG .G VTCPEJCPV TGUVG HGTOÃ… GV RTQVÃ…IÃ…

2+0%'5 /7.6+ (10%6+105 /¾EJQKTG NKUUG RQWT UCKUKT CRNCVKT GV CTTQPFKT UCPU GPFQOOCIGT

/¾EJQKTG RTQHKNÃ…G OÃ…PCIGCPV NG OCVÃ…TKCW CRNCVKG RQWT UCKUKT RNWU HGTOGOGPV UCPU GPFQOOCIGT

#TÆVG GZVÅTKGWTG DKGP OCTSWÅG RQWT ÅDCXWTGT GV ÅNCTIKT NGU VTQWU

5GTTG VWDG RQWT UCKUKG FG RKÄEGU TQPFGU GV FG E¾DNGU 'PEQEJG FG UGTVKUUCIG WPKXGTUGNNG RQWT GODQWVU FG ¼ OOÂŽ &Ã…PWFCIG FG EQPFWEVGWTU FG EWKXTG FG ¼ GV OOÂŽ %QWRG E¾DNG RQWT E¾DNGU FG EWKXTG CNNCPV LWUSWn¼ ´ OO Z OOÂŽ

.G U[UVÄOG FG XGTTQWKNNCIG CEVKXÅ OCKPVKGPV NGU VTCPEJCPVU HGTOÅU UCPU GORÆEJGT NGU CWVTGU HQPEVKQPU

%CRCEKVÃ…U FG EQWRG '#0 4Ã…H

OO 2KPEG PQKTG CVTCOGPVKUÃ…G PQKTG CVTCOGPVKUÃ…G

EJTQOÃ…G

PQKTG CVTCOGPVKUÃ…G PQKTG CVTCOGPVKUÃ…G

EJTQOÃ…G

6ÆVG RQNKG RQNKG

RQNKG RQNKG

2QKIPÅGU ICKPÅGU GP RNCUVKSWG CXGE ICKPGU DK OCVKÄTG

%CRCEKVÃ…U FG FÃ…PWFCIG RQWT DTKPU KPFKXKFWGNU %CRCEKVÃ… OOÂŽ OOÂŽ I

´ OO

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KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

ICKPÅGU GP RNCUVKSWG CXGE ICKPGU DK OCVKÄTG

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

2+0%'5 /7.6+ (10%6+105

2KPEGU OWNVK HQPEVKQPU

NC RKPEG KFÃ…CNG RQWT NGU VTCXCWZ FG E¾DNCIG RQWT UCKUKT GV RNKGT NGU HKNU â– RQWT EQWRGT NGU HKNU FQWZ OK FWTU GV FWTU â– VTCPEJCPVU FG RTÃ…EKUKQP VTGORÃ…U RCT KPFWEVKQP FWTGVÃ… FnGPX *4% â– CXGE VTQWU FG FÃ…PWFCIG RTÃ…EKU â– RQWT NG UGTVKUUCIG FGU GODQWVU FG E¾DNG â– #EKGT Ã…NGEVTKSWG CW XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

5CKUKT

%QWRGT

&Ã…PWFGT

5GTVKUUCIG FG ¼ OOÂŽ

%CRCEKVÃ…U FG EQWRG #TVKMGN 0T

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2KPEG PQKTG CVTCOGPVKUÃ…G PQKTG CVTCOGPVKUÃ…G EJTQOÃ…G

6ÆVG RQNKG RQNKG

2QKIPÅGU ICKPÅGU GP RNCUVKSWG CXGE ICKPGU DK OCVKÄTG CXGE ICKPGU DK OCVKÄTG

´ OO

´ OO

%CRCEKVÃ…U FG FÃ…PWFCIG OOÂŽ

I

2+0%'5 /7.6+ (10%6+105

2KPEGU ¼ DGEU TQPFU CXGE VTCPEJCPV

RQWT VTCXCWZ FÃ…NKECVU CXGE FGU HKNU GV FGU DKLQWZ GP CTIGPV â– EQPXKGPV ¼ VQWU NGU V[RGU FG VTCXCWZ FG EQWRG GV FG RNKCIG Ã…ICNGOGPV FCPU NG FQOCKPG FG NoÃ…NGEVTQPKSWG â– RQWT RNKGT NGU yKNNGVU â– DGEU HKPU RQKPVWU GV CTTQPFKU OGWNÃ…U CXGE RTÃ…EKUKQP â– VTCPEJCPVU VTGORÃ…U RCT KPFWE VKQP FWTGVÃ… FnGPX *4% â– #EKGT Ã…NGEVTKSWG CW XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

RKPEGU FnQTHÄXTG &+0 +51

%CRCEKVÃ…U FG EQWRG '#0 4Ã…H

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2KPEG PQKTG CVTCOGPVKUÃ…G EJTQOÃ…G

6ÆVG RQNKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG ICKPÃ…GU GP RNCUVKSWG

2KPEG ¼ DGEU RNCVU CXGE VTCPEJCPV

RKPEG RQWT OÃ…ECPKEKGP FG RTÃ…EKUKQP &+0 +51

´ OO

´ OO

&KOGPUKQPU & . OO OO

6 9 OO OO

9 OO

I

EQPXKGPV RQWT NGU VTCXCWZ FG RTÃ…JGPUKQP GV FG EQWRG FCPU NC OÃ…ECPKSWG FG RTÃ…EKUKQP â– DGEU RNCVU GV NQPIU GHHKNÃ…U â– VTCPEJCPVU VTGORÃ…U RCT KPFWE VKQP FWTGVÃ… FnGPX *4% â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

%CRCEKVÃ…U FG EQWRG

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6ÆVG RQNKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG

2KPEG FGOK TQPFG CXGE EQWRG HKNU EGPVTCN RKPEG RQWT VÃ…NÃ…RJQPG &+0 +51

´ OO

´ OO

&KOGPUKQPU 6 OO

. OO

9 OO

9 OO

6 OO

I

RQWT UCKUKT GV UGEVKQPPGT FGU EQPFWEVGWTU KPFKXKFWGNU FCPU FGU HCKUEGCWZ FG E¾DNGU â– CXGE EQWRG HKNU EGPVTCN RQWT HKNU FQWZ â– DGEU FGOK TQPFU â– KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ… â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

&KOGPUKQPU '#0 4Ã…H

OO

6ÆVG RQNKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG

. OO

9 OO

6 OO

9 OO

6 OO

I

2+0%'5 /7.6+ (10%6+105

2KPEGU ¼ DGEU FGOK TQPFU CXGE VTCPEJCPV RKPEGU TCFKQ

EQPXKGPV RQWT NGU VTCXCWZ PÃ…EGUUKVCPV WPG RTKUG GV WPG EQWRG FG RTÃ…EKUKQP â– DGEU RQKPVWU FGOK TQPFU â– KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ… â– CXGE VTCPEJCPVU RQWT HKN FQWZ OK FWT GV FWT â– VTCPEJCPVU VTGORÃ…U RCT KPFWEVKQP FWTGVÃ… FnGPX *4% â– #EKGT Ã…NGEVTKSWG CW XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

&+0 +51

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%CRCEKVÃ…U FG EQWRG 4Ã…H

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2QKIPÃ…GU

PQKTG CVTC OGPVKUÃ…G

RQNKG

ICKPÃ…GU GP RNCUVKSWG

PQKTG CVTC OGPVKUÃ…G

RQNKG

CXGE ICKPGU DK OCVKÄTG

EJTQOÃ…G

PQKTG CVTC OGPVKUÃ…G

40°

EJTQOÃ…G

40°

40°

ICKPÃ…GU GP RNCUVKSWG

EJTQOÃ…G

6ÆVG

EJTQOÃ…G

2KPEG

RQNKG

EJTQOÃ…G

&KOGPUKQPU

´ OO

´ OO

. OO

. 9 OO OO

6 9 6 OO OO OO I

CXGE ICKPGU DK OCVKÄTG

KUQNÅGU CXGE ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

ICKPÃ…GU GP RNCUVKSWG

CXGE ICKPGU DK OCVKÄTG

KUQNÅGU CXGE ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

2+0%'5 /7.6+ (10%6+105

2KPEGU ¼ DGEU FGOK TQPFU CXGE VTCPEJCPV RKPEGU DGE FG EKIQIPG

2QKPVGU Ã…NCUVKSWGU| KPFÃ…HQTOCDNGU OÆOG UQWOKUGU ¼ NC VQTUKQP

&+0 +51

â–

RQKPVGU FG RTÃ…EKUKQP Ã…NCUVKSWGU GV UWRRQTVCPV NC VQTUKQP O¾EJQKTGU FGOK TQPFGU NQPIWGU GHHKNÃ…GU â– CXGE VTCPEJCPVU FWTGVÃ… GPX *4% RQWT HKNU FQWZ OK FWTU GV FWTU â– #EKGT Ã…NGEVTKSWG CW XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

40°

40°

%CRCEKVÃ…U FG EQWRG '#0

´ OO

´ OO

. OO

ICKPÃ…GU GP RNCUVKSWG

CXGE ICKPGU DK OCVKÄTG

ICKPÃ…GU GP RNCUVKSWG

CXGE ICKPGU DK OCVKÄTG

KUQNÅGU CXGE ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

KUQNÃ…GU RCT UWTOQW NCIG EGTVKHKÃ…GU 8&'

PQKTG CVTC OGPVKUÃ…G

RQNKG

ICKPÃ…GU GP RNCUVKSWG

PQKTG CVTC OGPVKUÃ…G

RQNKG

CXGE ICKPGU DK OCVKÄTG

CXGE ICKPGU DK OCVKÄTG

EJTQOÃ…G

KUQNÅGU CXGE ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÃ…G

KUQNÃ…GU RCT UWTOQW NCIG EGTVKHKÃ…GU 8&'

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2KPEG

6ÆVG

2QKIPÃ…GU

PQKTG CVTC OGPVKUÃ…G

RQNKG

PQKTG CVTC OGPVKUÃ…G

RQNKG

40°

40°

40°

4Ã…H

EJTQOÃ…G EJTQOÃ…G

EJTQOÃ…G

EJTQOÃ…G

EJTQOÃ…G

40°

40°

&KOGPUKQPU . OO

6 OO

9 OO

9 OO

6 OO

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2'4('%6+10 51014' &7 8+0;.'

.GU OÃ…NQOCPGU CXGTVKU PG LWTGPV SWG RCT NG XKP[NG NC SWCNKVÃ… UQPQTG FoWP XTCK FKU SWG Ã…VCPV CWLQWTFoJWK GPEQTG KPÃ…ICNÃ…G %JGHU FoyWXTG FG NoCTV FG NoKPIÃ…PKGWT NGU RNCVKPGU GV EJCÊPGU OQFGTPGU EQPXGTVKU UGPV NG OQWXGOGPV FG NoCKIWKNNG GP WPG UQPQTKVÃ… KORTGUUKQPPCPVG 0QU RKPEGU ¼ FÃ…PWFGT [ EQPVTKDWGPV GP RTÃ…RCTCPV ¼ FGU UGTVKUUCIGU FG RTÃ…EKUKQP NG EQTFQP HKNKITCPG FG NKCKUQP ¼ NC RNCVKPG GV CWZ GPEGKPVGU .GU RKPEGU -0+2': PG HQPV RCU FG OWUKSWG s OCKU GNNGU RGWXGPV FQPPGT NG VQP

2KPEGU ¼ FÅPWFGT 1WVKNU ¼ FÅICKPGT 2KPEGU ¼ FÅPWFGT %KUCKNNG ¼ FÅPWFGT RQWT NnÅNGEVTQPKSWG 2KPEG ¼ FÅPWFGT RQWT NnÅNGEVTQPKSWG 2KPEGU ¼ FÅPWFGT EQWRCPVGU FG EÐVÅ 2KPEGU ¼ FÅPWFGT FG RTÅEKUKQP 2KPEGU ¼ FÅPWFGT CXGE EQWVGCWZ FG HQTOG /WNVK5VTKR 2KPEGU ¼ FÅPWFGT CWVQ CLWUVCDNGU 2KPEG ¼ FÅPWFGT CWVQOCVKSWG 2KPEG ¼ FÅPWFGT CWVQOCVKSWG RQWT E¾DNGU RNCVU 1WVKN ¼ FÅPWFGT RGVKV OQFÄNG 2KPEG ¼ FÅPWFGT RQWT E¾DNGU ¼ HKDTGU QRVKSWGU 1WVKN ¼ FÅPWFGT RQWT E¾DNGU ¼ HKDTGU QRVKSWGU $TWEGNNGU ¼ FÅECRGT NG XGTPKU 2KPEGU ¼ FÅPWFGT 1WVKNU ¼ FÅICKPGT 1WVKN ¼ FÅPWFGT RQWT E¾DNGU EQCZKCWZ 1WVKN ¼ FÅICKPGT RQWT E¾DNGU RNCVU GV TQPFU 1WVKN ¼ FÅICKPGT RQWT E¾DNGU FG FQPPÅGU 1WVKNU ¼ FÅICKPGT WPKXGTUGNU 1WVKN ¼ FÅICKPGT WPKXGTUGN RQWT E¾DNGU RQWT D¾VKOGPVU GV RQWT NnKPFWUVTKG

%¾DNGU GV ƂNU FQKXGPV ÆVTG FÅPWFÅU CXGE RTÅEKUKQP RQWT NGU CRRNKECVKQPU NGU RNWU FKXGTUGU 2KPEGU ¼ FÅPWFGT GV QWVKNU ¼ FÅICKPGT -0+2': HQPV GP UQT VG SWG NoQRÅTCVKQP TÅWUUKUUG

2+0%'5 œ &¥07&'4

2KPEGU ¼ FÃ…PWFGT

RQWT EQPFWEVGWTU WPKHKNCKTGU OWNVKHKNCKTGU GV HKNU HKPU KUQNCVKQP RNCUVKSWG QW ECQWVEJQWE FKCO OCZ OO GV UGEVKQP OOÂŽ â– TÃ…INCIG UKORNG FW FKCOÄVTG FW E¾DNG QW FW HKN IT¾EG ¼ NnÃ…ETQW OQNGVÃ… GV CW EQPVTG Ã…ETQW â– #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

%CRCEKVÃ…U FG FÃ…PWFCIG

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2KPEG PQKTG CVTCOGPVKUÃ…G PQKTG CVTCOGPVKUÃ…G EJTQOÃ…G

EJTQOÃ…G EJTQOÃ…G PQKTG CVTCOGPVKUÃ…G EJTQOÃ…G

%KUGCWZ ¼ FÃ…PWFGT RQWT NnÃ…NGEVTQPKSWG

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6ÆVG RQNKG

2QKIPÅGU CXGE ICKPGU DK OCVKÄTG

6ÆVG 2QKIPÅGU RQNKG ICKPÅGU GP RNCUVKSWG RQNKG CXGE ICKPGU DK OCVKÄTG CXGE ICKPGU DK OCVKÄTG KUQNÅGU CXGE ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&' KUQNÅGU RCT UWTOQWNCIG EGTVKHKÅGU 8&' RQNKG CXGE ICKPGU DK OCVKÄTG KUQNÅGU RCT UWTOQWNCIG EGTVKHKÅGU 8&'

RQWT EQWRGT GV FÃ…PWFGT NGU EQP FWEVGWTU OQPQHKNCKTGU OWNVKHKNCKTGU GV ¼ HKNU HKPU CW FKCO OCZ FG EQPFWEVGWTU FG OO â– TÃ…INCIG UKORNG FW FKCOÄVTG FW E¾DNG QW FW HKN IT¾EG ¼ NnÃ…ETQW OQNGVÃ… GV CW EQPVTG Ã…ETQW â– CXGE TGUUQTV FnQWXGTVWTG â– CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NnJWKNG â–

%CRCEKVÃ…U FG FÃ…PWFCIG ´ OO

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2+0%'5 &¥07&'4

2KPEG ¼ FÅPWFGT RQWT NnÅNGEVTQPKSWG

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RQWT EQPFWEVGWTU WPKHKNCKTGU OWNVKHKNCKTGU GV HKNU HKPU KUQNCVKQP RNCUVKSWG QW ECQWVEJQWE FnWP FKCOÄVTG FG ¼ OO ■ TÅINCIG UKORNG FW FKCOÄVTG FW E¾DNG QW FW HKN IT¾EG ¼ NnÅETQW OQNGVÅ GV CW EQPVTG ÅETQW ■ CXGE TGUUQTV FnQWXGTVWTG ■ NG RQNKUUCIG OKTQKT CUUQEKÅ ¼ WPG HKPG EQWEJG FnJWKNG QHHTG WPG DQPPG RTQVGEVKQP EQPVTG NC TQWKNNG EG SWK ÅXKVG NGU RGTVWTDCVKQPU FCPU NG EKTEWKV ÅNGEVTKSWG ECWUÅGU RCT FGU RCTVKEWNGU FG EJTQOG ÅECKNNÅGU ■ #EKGT ¼ QWVKNU URÅEKCN HQTIÅ VTGORÅ ¼ NoJWKNG ■

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6ÆVG RQNKUUCIG OKTQKT

2QKIPÅGU CXGE ICKPGU DK OCVKÄTG

2KPEGU ¼ FÅPWFGT EQWRCPVGU FG EÐVÅ

%CRCEKVÅU FG FÅPWFCIG ´ OO

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#XGE VTCPEJCPV CNNQPIÅ &ÅOWNVKRNKECVKQP COÅNKQTÅG RQWT WPG RWKUUCPEG FG EQWRG UWRÅTKGWTG FG VTQWU FG FÅPWFCIG RTÅEKU RQWT EQPFWEVGWTU WPKHKNCKTGU OCUUKHU FG GV OO ■ FÅEQWRG EQPHQTVCDNG FG E¾DNGU 0;/ LWUSWo¼ Z OO ■ RQKPVGU NQPIWGU RQWT VTCXCWZ FG EQWRG FG RTÅEKUKQP ÅICNGOGPV RQUUKDNG FCPU FGU GURCEGU GZKIWU ■ VTCPEJCPVU FG RTÅEKUKQP VTGORÅU RCT KPFWEVKQP FWTGVÅ FGU VTCPEJCPVU GPX |*4% ■ #EKGT ÅNGEVTKSWG CW XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

6TCPEJCPV C 6TCPEJCPV CNNQPIÅ &ÅOWNVKRNKEC &ÅOWNVKRNKECVKQP COÅNKQTÅG

%CRCEKVÅU FG EQWRG '#0

%CRCEKVÅU FG FÅPWFCIG OO

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RQNKG CXGE ICKPGU DK OCVKÄTG

CXGE ICKPGU DK OCVKÄTG

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

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2KPEG

6ÆVG 2QKIPÅGU

PQKTG CVTCOGPVKUÅG

EJTQOÅG

4ÅH

EJTQOÅG

2+0%'5 œ &¥07&'4

2KPEGU ¼ FÃ…PWFGT FG RTÃ…EKUKQP

2TÃ…EKU GV HKCDNG

CXGE EQWVGCWZ FG HQTOG

&GWZ RCKTGU FG NCOGU HQPV WPG KPEKUKQP VQWV CWVQWT FG NoKUQNC VKQP 2WKU NGU NCOGU UoÃ…ECTVGPV GV NoKUQNCVKQP GUV TGVKTÃ…G GP UWKXCPV NC HQTOG FW E¾DNG .C RKPEG UoQWXTG CWVQOCVKSWGOGPV CRTÄU NG FÃ…PWFCIG

FÃ…PWFCIG RCTHCKV OÆOG RQWT FGU OCVÃ…TKCWZ KUQNCPVU FKHHKEKNGU ¼ TGVKTGT GP 26(' NGU UKNKEQPGU NG 4CFQZŠ NG -CRVQPŠ GV NG ECQWVEJQWE OÆOG NGU OCVÃ…TKCWZ OWNVKEQWEJGU â– WPG FGWZKÄOG RCKTG FG NCOGU TGVKGPV HGTOGOGPV NnKUQNCVKQP TGUVCPVG â– RCTHCKVGOGPV CFCRVÃ… ¼ NC UGEVKQP FW EQPFWEVGWT KORNKSWÃ… NCOG RTQHKNÃ…G KPVGTEJCPIGCDNG â– CXGE DWVÃ…G NQPIKVWFKPCNG TÃ…INCDNG RQWT FÃ…PWFCIGU FG NQPIWGWT EQPUVCPVG NQTU FG VTCXCWZ TÃ…RÃ…VÃ…U â– EQTRU FG NC RKPEG CEKGT â– EQWVGCWZ CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG â–

5GEVKQPU FG E¾DNG OCZKOCNGU GP OO RCT RTQHKN

IWKFCIG FG E¾DNG CFFKVKQPPGN RQWT WP RQUKVKQPPGOGPV GZCEV FW E¾DNG UWT NG RQKPV FG FÃ…PWFCIG FGU NCOGU URÃ…EKCNGOGPV EQPÃWG RQWT NGU KUQNCVKQPU OWNVKEQWEJGU GV 4#&1:Š CXGE CRRWK FG E¾DNG CFFKVKQPPGN HCXQTKUCPV WP OGKNNGWT EGPVTCIG FGU EQPFWEVGWTU ¼ KUQNCVKQP OWNVKEQWEJG FCPU NGU OCVTKEGU FG FÃ…PWFCIG

CXGE IWKFCIG FW E¾DNG GV DWVÃ…G NQPIKVWFKPCNG

%QWRG PGVVG VQWV CWVQWT FG NnKUQNCVKQP

&Ã…PWFCIG UWKXCPV NC HQTOG FW E¾DNG IT¾EG CWZ RTQHKNU EQWRCPVU FG RTÃ…EKUKQP

URÃ…EKCNGOGPV RQWT E¾DNGU CWZ URÃ…EKHKECVKQPU COÃ…TKECKPGU #9)

4CFQZŠ GUV WPG OCTSWG FÅRQUÅG FG *WDGT 5WJPGT #) -CRVQPŠ GUV WPG OCTSWG FÅRQUÅG FG ' + FW 2QPV FG 0GOQWTU CPF %QORCP[

2+0%'5 œ &¥07&'4

2TKPEKRG FGU NCOGU RTQHKNÃ…GU .C EQWRG TÃ…CNKUÃ…G VQWV CWVQWT FG NnKUQNCVKQP RGTOGV WP FÃ…PWFCIG RTQRTG GV RTÃ…EKU EG SWK GUV RCTVKEWNKÄTGOGPV KORQTVCPV NQTUSWnKN UnCIKV FG FÃ…PWFGT FGU EQPFWEVGWTU CXGE RTÃ…EKUKQP (QPEVKQPPG Ã…ICNGOGPV RCTHCKVGOGPV CXGE NGU OCVÃ…TKCWZ KUQNCPVU FKHHKEKNGU ¼ TGVKTGT GP 26(' NG 4CFQZŠ GV KUQNCVKQPU OWNVKEQWEJG

4Ã…H

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2KPEG

2QKIPÃ…GU

DTWPKG

CXGE ICKPGU DK OCVKÄTG

DTWPKG

CXGE ICKPGU DK OCVKÄTG

DTWPKG

CXGE ICKPGU DK OCVKÄTG

%CRCEKVÃ…U FG FÃ…PWFCIG OOÂŽ

#9)

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LGW FG NCOGU FG TGEJCPIG RQWT LGW FG NCOGU FG TGEJCPIG RQWT LGW FG NCOGU FG TGEJCPIG RQWT LGW FG NCOGU FG TGEJCPIG RQWT LGW FG NCOGU FG TGEJCPIG RQWT LGW FG NCOGU FG TGEJCPIG RQWT LGW FG NCOGU FG TGEJCPIG RQWT 4CFQZŠ GUV WPG OCTSWG FÅRQUÅG FG *WDGT 5WJPGT #) -CRVQPŠ GUV WPG OCTSWG FÅRQUÅG FG ' + FW 2QPV FG 0GOQWTU CPF %QORCP[

2KPEGU ¼ FÃ…PWFGT CXGE EQWVGCWZ FG HQTOG

CXGE EQWVGCWZ KPVGTEJCPIGCDNGU RQWT QW UGEVKQPU FG EQPFWEVGWTU FKHHÃ…TGPVGU â– IT¾EG ¼ NC HQTOG FGU NCOGU OGWNÃ…GU CXGE RTÃ…EKUKQP NG EQPFWEVGWT PoGUV RCU GPFQOOCIÃ… OÆOG CXGE FGU HKNU HKPU â– NGU O¾EJQKTGU FG UGTTCIG OCKPVKGPPGPV NG HKN NQTU FW FÃ…PWFCIG â– CXGE DWVÃ…G NQPIKVWFKPCNG TÃ…INCDNG RQWT FÃ…PWFCIGU FG NQPIWGWT EQPUVCPVG NQTU FG VTCXCWZ TÃ…RÃ…VÃ…U â– WP TGUUQTV FG TCRRGN TCOÄPG NC RKPEG FCPU UC RQUKVKQP KPKVKCNG â– EQTRU FG NC RKPEG CNWOKPKWO â– EQWVGCWZ CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG â–

FKCOÄVTG FG HKN GP OO

UGEVKQPU FG HKN GP OOÂŽ

%CRCEKVÃ…U FG FÃ…PWFCIG 4Ã…H

'#0

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2KPEG

2QKIPÃ…GU

PQKTG NCSWÃ…G

ICKPÃ…GU GP RNCUVKSWG

RCKTG FG NCOGU FG TGEJCPIG RQWT RCKTG FG NCOGU FG TGEJCPIG RQWT

´ OO OOÂŽ #9) I

2+0%'5 œ &¥07&'4

-0+2': /WNVK5VTKR 2KPEG ¼ FÃ…PWFGT CWVQOCVKSWG

&Ã…ICKPCIG UCPU TÃ…CLWUVCIG FG ¼ OOÂŽ )Ã…QOÃ…VTKG WPKXGTUGNNG FGU NCOGU s TQDWUVGUUG GV NQPIÃ…XKVÃ… (CÃQPPCIG QRVKOCN FG NC RQKIPÃ…G ¼ GZEGNNGPVG JCRVKSWG %QWRG HKNU FCPU WP TGPHQPEGOGPV CFCRVCVKQP GPVKÄTGOGPV CWVQOCVKSWG ¼ VQWU NGU EQPFWEVGWTU WPKHK NCKTGU OWNVKHKNCKTGU GV ¼ HKNU HKPU ¼ KUQNCVKQP 28% GV ¼ WPG OWNVKVWFG FoKUQNCVKQPU URÃ…EKCNGU UWT VQWVG NC ICOOG FG ECRCEKVÃ… FG ¼ OOÂŽ â– RCU FnCLWUVGOGPV FG RTÃ…EKUKQP OCPWGN â– RCU FnGPFQOOCIGOGPV FW EQPFWEVGWT â– NGU O¾EJQKTGU GP CEKGT VKGPPGPV NG E¾DNG HGTOGOGPV UCPU GPFQOOCIGT NnKUQNCVKQP TGUVCPVG â– CXGE EQWRG HKNU FCPU WP TGPHQPEGOGPV RQWT EQPFWEVGWTU %W GV #N OWNVKHKNCKTGU LWUSWo¼ OOÂŽ GV WPKHKNCKTGU LWUSWn¼ OOÂŽ â– OÃ…ECPKSWG RCTVKEWNKÄTGOGPV UQWRNG GV RQKFU VTÄU HCKDNG â– DNQE FG NCOG GV DWVÃ…G NQPIKVWFKPCNG KPVGTEJCPIGCDNGU â– RQKIPÃ…G CXGE \QPG GP RNCUVKSWG UQWRNG GTIQPQOKSWG RQWT WPG RTKUG GP OCKP U×TG â– DQÊVKGT RNCUVKSWG TGPHQTEÃ… FG HKDTGU FG XGTTG â– EQWVGCWZ CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG â–

/Ã…ECPKSWG DTGXGVÃ…G .C RTQHQPFGWT FnKPEKUKQP FG NC NCOG FG FÃ…PWFCIG UnCFCRVG GPVKÄTGOGPV CWVQOCVKSWGOGPV CW FKCOÄVTG FW EQPFWEVGWT GV FQPE ¼ NnÃ…RCKUUGWT FG VQWU NGU OCVÃ…TKCWZ FnKUQNCVKQP UVCPFCTFU 2CU FG TÃ…INCIG OCPWGN EQOOG EnGUV GPEQTG NG ECU FnCWVTGU RKPEGU UVCPFCTF C[CPV WPG ITCPFG ECRCEKVÃ… FG FÃ…PWFCIG

2TKPEKRG FG NC NCOG FTQKVG 5GWNG NC \QPG TQWIG GUV GPVCKNNÃ…G

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%QWRG HKNU RQWT HKNU OWNVKHKNCKTGU LWUSWn¼ OOÂŽ

4Ã…H

'#0 OO

/¾EJQKTGU GP CEKGT ¼ VTCPEJCPVU GORÆEJCPV NG E¾DNG FG INKUUGT

%CRCEKVÃ…U FG FÃ…PWFCIG OOÂŽ

0G EQPXKGPV RCU CWZ OCVÃ…TKCWZ KUQNCPVU WNVTC UQWRNGU GV CTOÃ…U PK CWZ KUQNCVKQPU OWNVKEQWEJGU

&Ã…PWFCIG RTÃ…EKU FG ¼ OOÂŽ UCPU TÃ…INCIG

#9)

$NQE FG NCOGU FG TGEJCPIG RQWT $WVÃ…G NQPIKVWFKPCNG FG TGEJCPIG RQWT

I

2+0%'5 œ &¥07&'4

2KPEGU ¼ FÃ…PWFGT CWVQ CLWUVCDNGU

RQWT EQPFWEVGWTU WPKHKNCKTGU OWNVKHKNCKTGU GV HKNU HKPU KUQNCVKQP RNCUVKSWG QW ECQWVEJQWE â– UoCFCRVG CWVQOCVKSWGOGPV CWZ FKHHÃ…TGPVGU UGEVKQPU FG HKNU RCU FG FÃ…VÃ…TKQTCVKQP FGU EQPFWEVGWTU â– RTQHQPFGWT FG EQWRG CLWUVCDNG RQWT FKHHÃ…TGPVU OCVÃ…TKCWZ FnKUQNCVKQP â– CXGE EQWRG HKNU RQWT EQPFWEVGWTU GP EWKXTG GV CNWOKPKWO OWNVKHKNCKTGU FnWPG UGEVKQP OCZ FG OOÂŽ GV WPKHKNCKTGU LWUSWn¼ OOÂŽ â– OÃ…ECPKSWG UQWRNG â– EQWVGCWZ GV O¾EJQKTGU FG RTÃ…JGPUKQP GP RNCUVKSWG HCEKNGU ¼ EJCPIGT â– RQKFU HCKDNG â– DQÊVKGT RNCUVKSWG TGPHQTEÃ… FG HKDTGU FG XGTTG â– EQWVGCWZ CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG â–

RQWT EQWRGT NGU E¾DNGU RNCVU FnWPG NCTIGWT OCZ FG OO GP WPG UGWNG QRÃ…TCVKQP

$WVÃ…G NQPIKVWFKPCNG TÃ…INCDNG

4Ã…H

'#0 OO

&Ã…PWFCIG RTÃ…EKU UCPU GPFQOOCIGOGPV FW EQPFWEVGCWT

$WVÃ…G NQPIKVWFKPCNG OO

#9)

I

RCKTG FG NCOGU FG TGEJCPIG RQWT RCKTG FG O¾EJQKTGU FG UGTTCIG FG TGEJCPIG RQWT $WVÃ…G NQPIKVWFKPCNG FG TGEJCPIG RQWT RCKTG FG NCOGU FG TGEJCPIG RQWT RCKTG FG O¾EJQKTGU FG UGTTCIG FG TGEJCPIG RQWT

2KPEG ¼ FÃ…PWFGT CWVQOCVKSWG

%CRCEKVÃ…U FG FÃ…PWFCIG OOÂŽ

QWVKN UVCPFCTF EQORCEV ¼ WP RTKZ CVVTCEVKH RQWT VQWVGU NGU UGEVKQPU FG E¾DNGU GV OCVÃ…TKCWZ KUQNCPVU UVCPFCTF â– RQWT EQPFWEVGWTU WPKHKNCKTGU OWNVKHKNCKTGU GV HKNU HKPU FG ¼ OOÂŽ CXGE KUQNCVKQP UVCPFCTF â– UoCFCRVG CWVQOCVKSWGOGPV CWZ FKHHÃ…TGPVGU UGEVKQPU FG HKNU RCU FG FÃ…VÃ…TKQTCVKQP FGU EQPFWEVGWTU â– VTÄU EQPHQTVCDNG ¼ WVKNKUGT IT¾EG ¼ UC HQTOG RTCVKSWG GV ¼ UQP RQKFU HCKDNG â– VÆVG Ã…VTQKVG RGTOGVVCPV WPG WVKNKUCVKQP FCPU FGU GPFTQKVU FnCEEÄU FKHHKEKNG â– CXGE EQWRG HKNU RQWT EQPFWEVGWTU GP EWKXTG GV CNWOKPKWO LWUSWn¼ OOÂŽ â– CXGE DWVÃ…G NQPIKVWFKPCNG TÃ…INCDNG FG ¼ OO RQWT FÃ…PWFCIGU FG NQPIWGWT EQPUVCPVG NQTU FG VTCXCWZ TÃ…RÃ…VÃ…U â– DQÊVKGT RNCUVKSWG TGPHQTEÃ… FG HKDTGU FG XGTTG â– EQWVGCWZ CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG KPVGTEJCPIGCDNGU â–

4Ã…H

'#0 OO

%CRCEKVÃ…U FG FÃ…PWFCIG OOÂŽ

#9)

I

RCKTG FG NCOGU FG TGEJCPIG RQWT $WVÃ…G NQPIKVWFKPCNG FG TGEJCPIG RQWT

2+0%'5 œ &¥07&'4

2KPEG ¼ FÃ…PWFGT CWVQOCVKSWG RQWT E¾DNGU RNCVU

RQWT E¾DNGU RNCVU GP 28% KUQNÃ…U FnWPG NCTIGWT OCZ FG |OO GV FnWPG UGEVKQP FG ¼ OOÂŽ â– UnCFCRVG CWVQOCVKSWGOGPV CWZ FKHHÃ…TGPVGU JCWVGWTU FG EQPFWEVGWTU RCU FnGPFQOOCIGOGPV â– RGTOGV FG ITCPFGU NQPIWGWTU FG FÃ…PWFCIG â– NCOG KPVGTEJCPIGCDNG â– OÃ…ECPKSWG UQWRNG â– RQKFU HCKDNG â– DQÊVKGT RNCUVKSWG TGPHQTEÃ… FG HKDTGU FG XGTTG â– EQWVGCWZ CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG â–

'#0 4Ã…H

OO

%CRCEKVÃ…U FG FÃ…PWFCIG OOÂŽ

#9) I

1WVKN ¼ FÃ…PWFGT RGVKV OQFÄNG

FÃ…PWFCIG RTÃ…EKU IT¾EG CW TÃ…INCIG RTQITGUUKH FG NnQWVKN RQWT UnCFCRVGT CW FKCOÄVTG FW EQPFWEVGWT â– CXGE EQWRG HKNU â– DWVÃ…G NQPIKVWFKPCNG TÃ…INCDNG FG ¼ OO â– CXGE U[UVÄOG FG XGTTQWKNNCIG â– DQÊVKGT RNCUVKSWG TÃ…UKUVCPV CWZ EJQEU â–

5$ RQWT EQPFWEVGWTU HKPU GP EWKXTG FnWP FKCO FG ¼ OO

5$ RQWT EQPFWEVGWTU HKPU GP EWKXTG FnWP FKCO FG ¼ OO

5$

'#0 4Ã…H 5$ 5$

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%CRCEKVÃ…U FG FÃ…PWFCIG ´ OO

#9)

2KPEG ¼ FÃ…PWFGT RQWT E¾DNGU ¼ HKDTGU QRVKSWGU

I

RQWT TGVKTGT NG ICKPCIG RTKOCKTG GV UGEQPFCKTG FG E¾DNGU GP HKDTGU FG XGTTG â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO GP SWCNKVÃ… URÃ…EKCNG VTGORÃ… ¼ NoJWKNG â–

5$

4Ã…H 5$

'#0

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2KPEG DTWPKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG

%CRCEKVÃ…U FG FÃ…PWFCIG ´ OO )CKPCIG RTKOCKTG OO ICKPCIG UGEQPFCKTG OO

I

2+0%'5 œ &¥07&'4

1WVKN ¼ FÃ…PWFGT RQWT E¾DNGU ¼ HKDTGU QRVKSWGU

RQWT TGVKTGT NG ICKPCIG RTKOCKTG FG E¾DNGU GP HKDTGU FG XGTTG FnWP FKCOÄVTG FG OO â– NCOG FnWP FKCOÄVTG FG OO RGTÃCIG RQWT E¾DNGU FnWP FKCOÄVTG FG OO â– DWVÃ…G NQPIKVWFKPCNG TÃ…INCDNG â– DQÊVKGT RNCUVKSWG TÃ…UKUVCPV CWZ EJQEU â–

5$ '#0 %CRCEKVÃ…U FG FÃ…PWFCIG 4Ã…H OO ´ OO I 5$ RQWT TGVKTGT NG ICKPCIG RTKOCKTG FG E¾DNGU GP HKDTGU FG XGTTG FnWP FKCOÄVTG FG OO

$TWEGNNGU ¼ FÃ…ECRGT NG XGTPKU

RQWT FÃ…ECRGT NG XGTPKU KUQNCPV FG HKNU GP EWKXTG â– NCOGU RQWT CWVTGU FKCOÄVTGU FG E¾DNG FKURQPKDNGU EQOOG RKÄEGU FG TGEJCPIG â– EQTRU FGU DTWEGNNGU CEKGT ¼ TGUUQTV VTGORÃ… ¼ NoJWKNG â– ICKPGU FGU RQKIPÃ…GU RNCUVKSWG â–

4Ã…H

'#0 OO

%CRCEKVÃ…U FG FÃ…PWFCIG ´ OO

I

RCKTG FG NCOGU FG TGEJCPIG RQWT ´ OO RCKTG FG NCOGU FG TGEJCPIG RQWT ´ OO RCKTG FG NCOGU FG TGEJCPIG RQWT ´ OO RCKTG FG NCOGU FG TGEJCPIG RQWT ´ OO

2KPEGU ¼ FÃ…PWFGT

RQWT FÃ…PWFGT NGU E¾DNGU HKPU RTKUOG FG FÃ…PWFCIG RTÃ…EKU EQPXKGPV RQWT WP UGWN FKCOÄVTG PQP TÃ…INCDNG â– CXGE TGUUQTV FnQWXGTVWTG â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

4Ã…H

'#0

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6ÆVG

2QKIPÃ…GU

RQNKG

ICKPÃ…GU GP RNCUVKSWG

%CRCEKVÃ…U FG FÃ…PWFCIG ´ OO

I

176+.5 œ &¥)#+0'4

1WVKNU ¼ FÃ…ICKPGT

RQWT FÃ…ICKPGT VQWU NGU E¾DNGU TQPFU UVCPFCTF â– DCTTGVVG FnCTTÆV CWVQDNQSWCPVG â– RTQHQPFGWT FG EQWRG TÃ…INCDNG IT¾EG ¼ NC XKU FG TÃ…INCIG â– NCOG CWVQ RKXQVCPVG RQWT EQWRG EKTEWNCKTG GV NQPIKVWFKPCNG â– NCOG FG TGEJCPIG KPVÃ…ITÃ…G FCPU NG DQÊVKGT â–

DQPPG RTKUG GP OCKP IT¾EG ¼ WP TGXÆVGOGPV UQWRNG CPVKFÃ…TCRCPV UWT NG OCPEJG GV NC DCTTGVVG FnCTTÆV â– DQÊVKGT RNCUVKSWG TÃ…UKUVCPV CWZ EJQEU â–

5$

5$ EQWVGCW ¼ NCOG FTQKVG GV NCOG ETQEJGV NKXTÃ… CXGE ECRWEJQP RTQVGEVGWT 5$

4Ã…H 5$ 5$ 5$

'#0 OO

%CRCEKVÃ…U FG FÃ…PWFCIG ´ OO

I

.COG FG TGEJCPIG RQWT 5$ 5$ 5$

1WVKN ¼ FÃ…ICKPGT

RQWT FÃ…ICKPGT NGU E¾DNGU TQPFU GP 28% ECQWVEJQWE UKNKEQPG 26(' FnWP FKCOÄVTG FG ¼ OO â– DCTTGVVG FnCTTÆV CWVQDNQSWCPVG â– RTQHQPFGWT FG EQWRG TÃ…INCDNG IT¾EG ¼ NnÃ…ETQW OQNGVÃ… â– DQÊVKGT RKXQVCPV RQWT EQWRG EKTEWNCKTG QW NQPIKVWFKPCNG â– FÃ…ICKPCIG JÃ…NKEQËFCN RQWT NGU ITCPFGU NQPIWGWTU â– NCOG KPVGTEJCPIGCDNG â– DQÊVKGT RNCUVKSWG TÃ…UKUVCPV CWZ EJQEU â–

5$

'#0 4Ã…H OO 5$

%CRCEKVÃ…U FG FÃ…PWFCIG ´ OO

.COG FG TGEJCPIG RQWT 5$

2QUKVKQPPGOGPV FG NnQWVKN RQWT EQWRG RÃ…TKRJÃ…TKSWG

I %QWRG NQPIKVWFKPCNG

&ÅICKPCIG JÅNKEQËFCN

176+.5 œ &¥)#+0'4

1WVKN ¼ FÃ…ICKPGT

RQWT FÃ…ICKPGT NGU E¾DNGU TQPFU FnWP FKCOÄVTG OKPKOWO FG OO RGTOGV FnÃ…NKOKPGT VQWVGU NGU EQWEJGU KUQNCPVGU â– EQPXKGPV RQWT NC EQWRG EKTEWNCKTG GV NQPIKVWFKPCNG â– RTQHQPFGWT FG EQWRG TÃ…INCDNG LWUSWn¼ OO â– NCOG KPVGTEJCPIGCDNG GV TÃ…XGTUKDNG â– EQTRU FG NoQWVKN RNCUVKSWG TGPHQTEÃ… FG HKDTGU FG XGTTG â– â–

2TQHQPFGWT FG EQWRG TÃ…INCDNG

4Ã…H

'#0 OO

%CRCEKVÃ…U FG FÃ…PWFCIG ´ OO

2QUKVKQPPGOGPV FG NnQWVKN RQWT EQWRG NQPIKVWFKPCNG

%QWRG NQPIKVWFKPCNG

6QWTPGT NnQWVKN RQWT TÃ…CNKUGT WPG EQWRG EKTEWNCKTG

%QWRG EKTEWNCKTG

I

.COG FG TGEJCPIG RQWT

1WVKN ¼ FÃ…PWFGT RQWT E¾DNGU EQCZKCWZ

RQWT FÃ…PWFGT NGU E¾DNGU EQCZKCWZ 4) 4) GV 4) RQWT FÃ…PWFGT NnKUQNCVKQP GZVÃ…TKGWTG NG DNKPFCIG GV NG FKÃ…NGEVTKSWG GP WPG UGWNG QRÃ…TCVKQP â– CXGE VTQKU NCOGU KPVÃ…ITÃ…GU â– RTQHQPFGWT FG EQWRG TÃ…INCDNG RQWT EJCSWG NCOG ¼ NnCKFG FnWPG ENÃ… ¼ UKZ RCPU â– NC NQPIWGWT FW FÃ…PWFCIG TGUVG EQPUVCPVG â– DQÊVKGT RNCUVKSWG TÃ…UKUVCPV CWZ EJQEU â– â–

5$

&Ã…PWFCIG GP VTQKU Ã…VCRGU FnWP E¾DNG EQCZKCN

4Ã…H 5$

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%QWRG ¼ VTQKU Ã…VCRGU GP WPG UGWNG QRÃ…TCVKQP

6[RG FG E¾DNG 4) 4) 4)

I

176+.5 œ &¥)#+0'4

1WVKN ¼ FÃ…PWFGT

RQWT FÃ…ICKPGT GV FÃ…PWFGT VQWU NGU V[RGU FG E¾DNGU EQCZKCWZ UVCPFCTFU FnWP FKCOÄVTG FG ¼ OO RCT GZ RQWT VÃ…NÃ…XKUKQP GV UCVGNNKVG Ã…ICNGOGPV RQWT 28% (NGZ Z OOÂŽ â– CXGE ITCFWCVKQP FG ¼ OO â– QWVKN FG FÃ…PWFCIG FÃ…RNKCDNG ¼ FGWZ O¾EJQKTGU â– CXGE TGUUQTV FnQWXGTVWTG GV U[UVÄOG FG XGTTQWKNNCIG â– DQÊVKGT RNCUVKSWG TGPHQTEÃ… FG HKDTGU FG XGTTG â–

RQWT E¾DNGU EQCZKCWZ

5$

'#0

4Ã…H

5$

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%CRCEKVÃ…U FG FÃ…PWFCIG ´

I

E¾DNGU EQCZKCWZ ¼ OO E¾DNGU TQPFU Z OOÂŽ

1WVKN ¼ FÃ…ICKPGT RQWT E¾DNGU RNCVU GV TQPFU

RQWT E¾DNGU RNCVU OGUWTCPV LWUSWo¼ OO FG NCTIGWT RQWT FÃ…ICKPGT GV FÃ…PWFGT VQWU NGU V[RGU FG E¾DNGU TQPFU GV J[FTQHWIGU UVCPFCTFU FoWP FKCOÄVTG FG ¼ OO

RCT GZGORNG E¾DNG 0;/ Z OOÂŽ ¼ Z OOÂŽ â– FKURQUKVKH FG FÃ…PWFCIG RQWT NGU UGEVKQPU OOÂŽ

#9) â– RQWT NGU VTCXCWZ TÃ…CNKUÃ…U FCPU FGU GPFTQKVU FoCEEÄU FKHHKEKNG â– EQPXKGPV Ã…ICNGOGPV RQWT NGU VTCXCWZ ¼ TÃ…CNKUGT FCPU NGU DQÊVGU FG FKUVTKDWVKQP GV FG FÃ…TKXCVKQP â– DQÊVKGT RNCUVKSWG TGPHQTEÃ… FG HKDTGU FG XGTTG â– â–

5$

4Ã…H 5$

'#0

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%CRCEKVÃ…U FG FÃ…PWFCIG ´ OO

1WVKN ¼ FÃ…ICKPGT RQWT E¾DNGU FG FQPPÃ…GU

2QWT E¾DNGU E¾DNG RNCV OO E¾DNG TQPF ´ OO

RQWT FÃ…ICKPGT NGU E¾DNGU FG FQPPÃ…GU 762 GV 562 FnWP FKCOÄVTG FG ¼ OO â– FKURQUKVKH FG FÃ…PWFCIG RQWT NGU UGEVKQPU OOÂŽ â– QWVKN FG FÃ…PWFCIG FÃ…RNKCDNG ¼ FGWZ O¾EJQKTGU â– CXGE TGUUQTV FnQWXGTVWTG GV U[UVÄOG FG XGTTQWKNNCIG â– CXGE ENKR FG HKZCVKQP RQWT TCPIG OGPV U×T â– DQÊVKGT RNCUVKSWG TGPHQTEÃ… FG HKDTGU FG XGTTG

I

â–

5$

â–

EQWVGCWZ CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG CXGE TGXÆVG OGPV 6K0

%CRCEKVÃ…U FG FÃ…PWFCIG 4Ã…H 5$

'#0

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´ OO

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2QWT E¾DNGU %#6 %#6 %#6 6YKUVGF 2CKT 762 562

I

176+.5 &¥)#+0'4

1WVKNU ¼ FÅICKPGT WPKXGTUGNU

RQWT FÅICKPGT GV FÅPWFGT VQWU NGU V[RGU FG E¾DNGU TQPFU GV J[FTQHWIGU UVCPFCTFU FnWP FKCOÄVTG FG ¼ OO

RCT GZ E¾DNG 0;/ Z OO ¼ Z OO ■ EQPXKGPV ÅICNGOGPV RQWT NGU VTCXCWZ ¼ TÅCNKUGT FCPU NGU DQÊVGU FG FKUVTKDWVKQP GV FG FÅTKXCVKQP ■ QWVKN FG FÅPWFCIG FÅRNKCDNG ¼ FGWZ O¾EJQKTGU ■ CXGE TGUUQTV FnQWXGTVWTG GV U[UVÄOG FG XGTTQWKNNCIG ■ CXGE ENKR FG HKZCVKQP RQWT WP TCPIGOGPV GP VQWVG UÅEWTKVÅ ■ DQÊVKGT RNCUVKSWG TGPHQTEÅ FG HKDTGU FG XGTTG ■

5$ CXGE NCOG CFFKVKQPPGNNG RQWT EQWRGU NQPIKVWFKPCNGU EQWVGCW VÅNGUEQRKSWG KPVÅITÅ FKURQUKVKH FG FÅPWFCIG RQWT NGU UGEVKQPU OO

5$

#XGE IWKFCIG KPVÅITÅ FW E¾DNG RQWT EQWRG NQPIKVWFKPCNG .GU KUQNCPVU UQNKFGU

R GZ GZGORVU FoJCNQIÄPGU UG FÅPWFGPV CKPUK RNWU HCEKNGOGPV

5$

'#0 4ÅH 5$ 5$

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%CRCEKVÅU FG FÅPWFCIG ´ OO

1WVKN ¼ FÅICKPGT WPKXGTUGN RQWT E¾DNGU RQWT D¾VKOGPVU GV RQWT NnKPFWUVTKG

5$

4ÅH 5$

'#0

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%CRCEKVÅU FG FÅPWFCIG ´ OO

2QWT E¾DNGU E¾DNGU TQPFU RCT GZ Z OO ¼ Z OO E¾DNGU TQPFU RCT GZ Z OO ¼ Z OO

I

RQWT FÅICKPGT GV FÅPWFGT VQWU NGU V[RGU FG E¾DNGU TQPFU GV J[FTQHWIGU UVCPFCTFU FnWP FKCOÄVTG FG ¼ OO

RCT GZ E¾DNG 0;/ Z OO ¼ Z OO ■ KFÅCN RQWT NGU ITQUUGU UGEVKQPU GV NGU OCVÅTKCWZ KUQNCPVU FKHHKEKNGU ¼ VTCXCKNNGT ■ RCU DGUQKP FoCLWUVGT NGU VTCPEJCPVU ¼ NC RTQHQPFGWT FG EQWRG ■ FKURQUKVKH FG FÅPWFCIG RQWT EQPFWEVGWTU GV VQTQPU FG OO GV OO ■ DWVÅG NQPIKVWFKPCNG WVKNKUCDNG FGU FGWZ EÐVÅU KFÅCNG RQWT NGU FTQKVKGTU GV NGU ICWEJGTU ■ FKURQUKVKH FG HKZCVKQP ¼ NoGZVTÅOKVÅ FGU RQKIPÅGU UÅEWTKVÅ CPVKEJWVG ■ RQWT NGU VTCXCWZ TÅCNKUÅU FCPU FGU GPFTQKVU FoCEEÄU FKHHKEKNG ■ EQPXKGPV ÅICNGOGPV RQWT NGU VTCXCWZ ¼ TÅCNKUGT FCPU NGU DQÊVGU FG FKUVTKDWVKQP GV FG FÅTKXCVKQP ■ DQÊVKGT RNCUVKSWG TGPHQTEÅ FG HKDTGU FG XGTTG ■

2QWT E¾DNGU E¾DNGU TQPFU RCT GZ Z OO ¼ Z OO

I

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/Ã…VCN DTKNNCPV GV RKGTTGU RTÃ…EKGWUGU Ã…VKP EGNCPVGU s NGU OCKPU JCDKNGU FG NoQTHÄXTG NGU VTCPUHQTOGPV FGRWKU FGU OKNNÃ…PCK TGU GP OGTXGKNNGWUGU yWXTGU FoCTV +P URKTCVKQP CTVKUVKSWG GV UCXQKT HCKTG CT VKUCPCN UG EQPLWIWGPV FCPU UGU DKLQWZ GV PQWU UÃ…FWKUGPV UCPU EGUUG FG PQW XGCW .C OWVCVKQP FW OCVÃ…TKCW RTÃ…EK GWZ GP CTV UGPUWGN GUV NoyWXTG FG NoQWVKN &GU RKPEGU ¼ DGEU RNCVU -0+2': CKFGPV ¼ EGV Ã…ICTF NoQTHÄXTG ¼ OGVVTG GP HQTOG NG OÃ…VCN RTÃ…EKGWZ s RQWT WP TC[QPPGOGPV ¼ NoÃ…RTGWXG FW VGORU

2KPEGU FG RTÃ…JGPUKQP 2KPEGU Ã…VCWZ 2KPEGU ¼ DGEU RNCVU 2KPEGU ¼ DGEU TQPFU 2KPEGU FG OQPVCIG 2KPEGU RQWT VÃ…NÃ…RJQPG 2KPEGU FG RTÃ…JGPUKQP RKPEGU WNVTCHKPGU 2KPEGU ¼ DGEU NQPIU 2KPEGU FnCLWUVCIG 2KPEGU FG VKUUGTCPF 2KPEGU FG RTÃ…JGPUKQP RQWT NC OÃ…ECPKSWG FG RTÃ…EKUKQP 2KPEGU FG OÃ…ECPKEKGP 2KPEGU Ã…VCWZ WPKXGTUGNNGU 2KPEGU Ã…VCWZ 2KPEGU Ã…VCWZ ¼ UQWFGT

3WoKN UoCIKUUG FG OCVÃ…TKCW PQDNG QW FG EQPFWEVGWTU Ã…NGEVTKSWGU s NGU RKPEGU ¼ DGEU RNCVU -0+2': UoWVKNKUGPV RCTVQWV QÕ KN KORQTVG FG UCKUKT GV FG RNKGT GP VQWVG UÃ…EWTKVÃ… GP OÃ…PCIGCPV NC OC VKÄTG QW CXGE HQTEG

2+0%'5 &' 24Â¥*'05+10

2KPEGU ¼ DGEU RNCVU

DGEU RNCVU EQWTVU GV NCTIGU KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ… â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

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6ÆVG

2QKIPÃ…GU

PQKTG CVTCOGPVKUÃ…G

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PQKTG CVTCOGPVKUÃ…G

RQNKG

CXGE ICKPGU DK OCVKÄTG

EJTQOÃ…G

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

KUQNÅGU CXGE ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

. OO

9 OO

6 OO

I

2+0%'5 &' 24Â¥*'05+10

2KPEGU ¼ DGEU TQPFU

RQWT RNKGT NGU yKNNGVU DGEU TQPFU GV EQWTVU HKPGOGPV RQNKU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

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6ÆVG

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PQKTG CVTCOGPVKUÃ…G

RQNKG

CXGE ICKPGU DK OCVKÄTG

EJTQOÃ…G

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

. OO

9 OO

& OO

6 OO

I

2+0%'5 &' 24Â¥*'05+10

2KPEGU FG OQPVCIG

EQPXKGPV RCTVKEWNKÄTGOGPV RQWT UCKUKT CLWUVGT GV OQPVGT FCPU NGU VTCXCWZ PÃ…EGUUKVCPV WPG ITCPFG HQTEG FG RTÃ…JGPUKQP â– KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ… â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

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2KPEG PQKTG CVTCOGPVKUÃ…G PQKTG CVTCOGPVKUÃ…G

6ÆVG RQNKG RQNKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG ICKPÃ…GU GP RNCUVKSWG

. OO

9 OO

6 OO

9 OO

6 OO

I

2+0%'5 &' 24Â¥*'05+10

2KPEGU RQWT VÃ…NÃ…RJQPG

KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ… GP ETQKZ â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

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RQKPVGU VTÄU GHHKNÅGU EQPXKGPV CWUUK RQWT VTCXCWZ FG UQWFWTG

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6ÆVG RQNKG RQNKG

2KPEGU FG RTÃ…JGPUKQP RKPEGU WNVTCHKPGU

2QKIPÅGU ICKPÅGU GP RNCUVKSWG ICKPÅGU GP RNCUVKSWG CXGE ICKPGU DK OCVKÄTG

. OO

9 OO

6 OO

9 OO

6 OO

I

RKPEGU FG RTÃ…EKUKQP RQWT OQPVCIG RNKCIG GV CLWUVCIG VTÄU RTÃ…EKU CXGE DGEU RCTVKEWNKÄTGOGPV NQPIU OO â– KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG â– CTÆVGU UQKIPGWUGOGPV Ã…DCTDÃ…GU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

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&KOGPUKQPU 4Ã…H

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2KPEG PQKTG CVTCOGPVKUÃ…G EJTQOÃ…G PQKTG CVTCOGPVKUÃ…G EJTQOÃ…G

6ÆVG RQNKG RQNKG

2QKIPÅGU ICKPÅGU GP RNCUVKSWG CXGE ICKPGU DK OCVKÄTG ICKPÅGU GP RNCUVKSWG CXGE ICKPGU DK OCVKÄTG

. . OO OO

9 OO

6 OO

9 OO

6 OO

I

2+0%'5 &' 24Â¥*'05+10

2KPEGU ¼ DGEU NQPIU &+0 +51

RKPEGU FG RTÃ…JGPUKQP VTÄU TQDWUVGU GV TÃ…UKUVCPVGU ¼ NoWUWTG RNWUKGWTU HQTOGU FG DGEU FKURQPKDNGU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG

(QTOG KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ… DGEU NQPIU GV RNCVU

â– â–

(QTOG KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ… DGEU NQPIU GV FGOK TQPFU (QTOG DGEU NQPIU GV TQPFU KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG

&KOGPUKQPU

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2QKIPÃ…GU

. OO

9 OO

6 OO

9 OO

6 OO

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PQKTG RQNKG CVTCOGPVKUÃ…G

EJTQOÃ…G

EJTQOÃ…G

EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

PQKTG RQNKG CVTCOGPVKUÃ…G

ICKPÃ…GU GP RNCUVKSWG

EJTQOÃ…G

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

PQKTG RQNKG CVTCOGPVKUÃ…G

ICKPÃ…GU GP RNCUVKSWG

EJTQOÃ…G

ICKPÃ…GU GP RNCUVKSWG

ICKPÃ…GU GP RNCUVKSWG

ICKPÃ…GU GP RNCUVKSWG

CXGE ICKPGU DK OCVKÄTG

ICKPÃ…GU GP RNCUVKSWG

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

2+0%'5 &' 24Â¥*'05+10

2KPEGU FnCLWUVCIG

RQWT UCKUKT FGU Ã…NÃ…OGPVU GV FGU HKNU FG RGVKV FKCOÄVTG CKPUK SWG RQWT RNKGT FGU TGUUQTVU FG EQPVCEV GV FG TGNCKU â– KPVÃ…TKGWT FGU O¾EJQKTGU RQNK â– CTÆVGU UQKIPGWUGOGPV Ã…DCTDÃ…GU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

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2KPEGU FG VKUUGTCPF

. OO

9 OO

6 OO

9 OO

6 OO

I

NCTIGWT FGU O¾EJQKTGU FG OO FQPV NnÃ…RCKUUGWT GP DQWV GUV FG OO â– KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

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6ÆVG RQNKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG ICKPÃ…GU GP RNCUVKSWG

. OO

9 OO

6 OO

9 OO

6 OO

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2+0%'5 &' 24Â¥*'05+10

2KPEGU FG RTÃ…JGPUKQP

RKPEGU FG RTÃ…EKUKQP RQWT NGU VTCXCWZ FG OQPVCIG VTÄU RTÃ…EKU RCT GZ FCPU NGU FQOCKPGU FG NnÃ…NGEVTQPKSWG GV FG NC OÃ…ECPKSWG FG RTÃ…EKUKQP â– RQWT UCKUKT VGPKT RNKGT GV CLWUVGT â– RQKPVGU OGWNÃ…GU CXGE RTÃ…EKUKQP â– KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG â– CTÆVGU UQKIPGWUGOGPV Ã…DCTDÃ…GU â– EJCTPKÄTG GPECUVTÃ…G â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

RQWT NC OÃ…ECPKSWG FG RTÃ…EKUKQP &+0 +51

(QTOG DGEU RNCVU GV NCTIGU (QTOG DGEU RNCVU GV RQKPVWU

(QTOG DGEU FGOK TQPFU

(QTOG DGEU TQPFU RQKPVWU RQWT RNKGT NGU yKNNGVU

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$ OO

& OO

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RQNKG

ICKPÃ…GU GP RNCUVKSWG

ICKPÃ…GU GP RNCUVKSWG

ICKPÃ…GU GP RNCUVKSWG

ICKPÃ…GU GP RNCUVKSWG

ICKPÃ…GU GP RNCUVKSWG

ICKPÃ…GU GP RNCUVKSWG

ICKPÃ…GU GP RNCUVKSWG

ICKPÃ…GU GP RNCUVKSWG

RQNKG RQNKG RQNKG

# OO

2+0%'5 &' 24Â¥*'05+10

2KPEGU FG OÃ…ECPKEKGP

ITCPFG TÃ…UKUVCPEG ¼ NC HNGZKQP FGU O¾EJQKTGU RQKPVGU FG NC RKPEG KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ… GP ETQKZ â– #EKGT Ã…NGEVTKSWG CW XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

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DGEU FGOK TQPFU EQWFÃ…U ¼ ÂŒ RQWT TGVKTGT NGU IQWRKNNGU HGPFWGU RQWT UCKUKT NGU Ã…NÃ…OGPVU UKVWÃ…U FCPU FGU GPFTQKVU FKHHKEKNG FnCEEÄU

DGEU EQWFÃ…U ¼ ÂŒ FGOK TQPFU NQPIU Ã…ICNGOGPV WVKNKUCDNG RQWT UCKUKT NGU EQUUGU FG DQWIKG GV NGU RKÄEGU TQPFGU

RKPEG RQWT EQUUGU FG DQWIKG

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EJTQOÃ…G

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45°

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6 OO

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CXGE ICKPGU DK OCVKÄTG

ICKPÃ…GU GP RNCUVKSWG

CXGE ICKPGU DK OCVKÄTG

ICKPÃ…GU GP RNCUVKSWG

CXGE ICKPGU DK OCVKÄTG

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CXGE ICKPGU DK OCVKÄTG

RQNKG RQNKG RQNKG

9 OO

PQKTG CVTCOGPVKUÃ…G

RQNKG

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PQKTG CVTCOGPVKUÃ…G

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ICKPÃ…GU GP RNCUVKSWG

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

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2KPEGU Ã…VCWZ WPKXGTUGNNGU

OCKPVKGPPGPV GP VQWVG UÃ…EWTKVÃ… NGU Ã…NÃ…OGPVU TQPFU RTQHKNÃ…U GV RNCVU VTÄU TÃ…UKUVCPV â– CXGE XKU FG TÃ…INCIG GV NGXKGT FG FÃ…DNQECIG â– RTKUG ¼ WPG UGWNG OCKP â– RTGUUKQP FG UGTTCIG Ã…NGXÃ…G IT¾EG ¼ NC FÃ…OWNVKRNKECVKQP RCT IGPQWKNNÄTG â– EQTRU FG RKPEG CEKGT NCOKPÃ… ¼ JCWVG TÃ…UKUVCPEG â– /¾EJQKTGU FG RTÃ…JGPUKQP #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… â– â–

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OCKPVKGPPGPV GP VQWVG UÃ…EWTKVÃ… NGU Ã…NÃ…OGPVU TQPFU RTQHKNÃ…U GV RNCVU VTÄU TÃ…UKUVCPV â– CXGE XKU FG TÃ…INCIG GV NGXKGT FG FÃ…DNQECIG â– RTKUG ¼ WPG UGWNG OCKP â– RTGUUKQP FG UGTTCIG Ã…NGXÃ…G IT¾EG ¼ NC FÃ…OWNVKRNKECVKQP RCT IGPQWKNNÄTG â– EQTRU FG RKPEG CEKGT NCOKPÃ… ¼ JCWVG TÃ…UKUVCPEG â– /¾EJQKTGU FG RTÃ…JGPUKQP #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… â– â–

(QTOGG DGEU RQWT RKÄEGU TQPFGU CXGE EQWRG HKNU

(QTOGG DGEU CXGE FQWDNG RTKUOG RQWT RKÄEGU TQPFGU RNCVGU GV RTQHKNÅGU

(QTOGG DGEU FTQKVU RQWT RKÄEGU RNCVGU

(QTOG RKPEG Ã…VCW ¼ DGEU GHHKNÃ…U GV NQPIU

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PKEMGNÃ…G PKEMGNÃ…G PKEMGNÃ…G

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2KPEGU ÅVCWZ ¼ UQWFGT

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O¾EJQKTGU GP CEKGT EQWNÅ VJGTOQTÅUKUVCPV OCKPVKGPV NGU RKÄEGU RNCVGU QW RTQHKNÅGU NGU WPGU ¼ EÐVÅ FGU CWVTGU NQTU FW UQWFCIG EQPXKGPV ÅICNGOGPV RQWT NGU RTQHKNÅU C[CPV FGU DQTFU F WPG JCWVGWT OCZ FG OO

O¾EJQKTGU GP CEKGT EQWNÅ VJGTOQTÅUKUVCPV OCKPVKGPV EGPVTÅU NGU VWDGU QW NGU RKÄEGU TQPFGU NGU WPGU ¼ EÐVÅ FGU CWVTGU NQTU FW UQWFCIG

O¾EJQKTGU GP CEKGT CW EJTQOG XCPCFKWO OCVTKEÅ UGTTG NGU RKÄEGU GV RTQHKNU GPEQODTCPVU CWZ DQTFU F WPG JCWVGWT OCZ FG OO

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RQWT UGTTGT HKZGT GV VGPKT FKXGTU RTQHKNÅU VTÄU TÅUKUVCPV ■ CXGE XKU FG TÅINCIG GV NGXKGT FG FÅDNQECIG ■ RTKUG ¼ WPG UGWNG OCKP ■ RTGUUKQP FG UGTTCIG ÅNGXÅG IT¾EG ¼ NC FÅOWNVKRNKECVKQP RCT IGPQWKNNÄTG ■ EQTRU FG RKPEG CEKGT NCOKPÅ ¼ JCWVG TÅUKUVCPEG ■

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%QPFWKVG URQTVKXG RCUUCIG TCRKFG FGU XKVGUUGU GV CEEÃ…NÃ…TCVKQP VQWLQWTU Ã…NGXÃ…G CXGE NG EQPHQTV FoWPG VTCPUOKUUKQP CWVQ OCVKSWG s EoGUV EG SWG RGTOGV NC DQÊVG ¼ FQWDNG GODTC[CIG 2CU Ã…VQPPCPV FQPE SWG FG RNWU GP RNWU FG EQPUVTWEVGWTU CW VQOQDKNGU [ CKGPV TGEQWTU 7P ETKVÄTG GU UGPVKGN FG RGTHQTOCPEGU GV FG UÃ…EWTKVÃ… GUV NC RTÃ…UGPEG FG RWKUUCPVU EKTENKRU Æ‚ZCPV NGU RKIPQPU UWT NoCTDTG FG NC DQÊVG &GU RKPEGU ¼ EKTENKRU HCEKNKVGPV NGWT OQPVCIG GP VQWVG UÃ…EWTKVÃ…

2KPEGU RQWT EKTENKRU 2KPEGU RQWT EKTENKRU KPVÃ…TKGWTU F CNÃ…UCIG 2KPEGU RQWT EKTENKRU GZVÃ…TKGWTU F CTDTG 2KPEGU FG RTÃ…EKUKQP RQWT EKTENKRU KPVÃ…TKGWTU F CNÃ…UCIG 2KPEGU FG RTÃ…EKUKQP RQWT EKTENKRU GZVÃ…TKGWTU F CTDTG 2KPEGU RQWT ITCPFU EKTENKRU KPVÃ…TKGWTU LWUSW ¼ OO 2KPEGU RQWT ITCPFU EKTENKRU GZVÃ…TKGWTU LWUSW ¼ OO 1WVKN RQWT EKTENKRU KPVÃ…TKGWTU GV GZVÃ…TKGWTU LWUSW ¼ OO 2KPEGU URÃ…EKCNGU FG OQPVCIG RQWT TQPFGNNGU TGUUQTV F CTDTG 2KPEGU RQWT EKTENKRU RQWT EQNNKGTU F Ã…VTCPINGOGPV F CTDTG ,GWZ FG RKPEGU RQWT EKTENKRU ,GW FG RKPEGU UWT RNCVGCWZ GP OQWUUG ,GWZ FG RKPEGU FG RTÃ…EKUKQP RQWT EKTENKRU

.GU EKTENKRU UoWVKNKUGPV N¼ QÕ KN HCWV RQW XQKT HCKTG EQPÆ‚CPEG ¼ NC VGEJPKSWG .GU RKPEGU ¼ EKTENKRU -0+2': RGTOGVVGPV FG NGU OQPVGT GV FG NGU FÃ…OQPVGT GP VQWVG UÃ…EWTKVÃ…

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2KPEGU RQWT EKTENKRU

RQWT NG OQPVCIG FG EKTENKRU FCPU FGU CNÃ…UCIGU F WP FKCOÄVTG FG ¼ OO â– HQTOG TQDWUVG HQTIÃ…G â– RQKPVGU UQNKFGU CPVKFÃ…TCRCPVGU â– %QTRU FG NC RKPEG GV FGU RQKPVGU CEKGT CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

RQWT EKTENKRU KPVÃ…TKGWTU F CNÃ…UCIG

, (QTOG &+0 % RQKPVGU FTQKVGU

90°

(QTOG &+0 & RQKPVGU EQWFÃ…GU ¼ ÂŒ (QTOG RQKPVGU EQWFÃ…GU ¼ ÂŒ

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,GWZ FG RKPEGU RQWT EKTENKRU XQKT RCIG

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RQWT NG OQPVCIG FG EKTENKRU UWT FGU CTDTGU F WP FKCOÄVTG FG ¼ OO â– HQTOG TQDWUVG HQTIÃ…G â– RQKPVGU UQNKFGU CPVKFÃ…TCRCPVGU â– %QTRU FG NC RKPEG GV FGU RQKPVGU CEKGT CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

RQWT EKTENKRU GZVÃ…TKGWTU F CTDTG

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(QTOG &+0 # RQKPVGU FTQKVGU

(QTOG &+0 $ RQKPVGU EQWFÃ…GU ¼ ÂŒ (QTOG RQKPVGU EQWFÃ…GU ¼ ÂŒ

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,GWZ FG RKPEGU RQWT EKTENKRU XQKT RCIG

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2QKIPÃ…GU

RQNKG

ICKPÃ…GU GP RNCUVKSWG

90°

EJTQOÃ…G

PQKTG CVTCOGPVKUÃ…G

ICKPÃ…GU GP RNCUVKSWG

RQNKG

ICKPÃ…GU GP RNCUVKSWG

90°

45°

EJTQOÃ…G

PQKTG CVTCOGPVKUÃ…G

ICKPÃ…GU GP RNCUVKSWG

RQNKG

ICKPÃ…GU GP RNCUVKSWG

%CRCEKVÃ… RQWT FKCOÄVTG FoCTDTG ´ OO

2QKPVGU ´ OO

I

2+0%'5 2174 %+4%.+25

2KPEGU FG RTÃ…EKUKQP RQWT EKTENKRU

3WCNKVÃ… UWRÃ…TKGWTG /QPVCIG HCEKNG GV U×T NGU RQKPVGU RCTHCKVGOGPV TCRRQTVÃ…GU GV UGTVKGU GP CEKGT ¼ TGUUQTV JCWVGOGPV EQORTGUUÃ… HQWTPKU UGPV WPG ITCPFG UÃ…EWTKVÃ… EQPVTG NC UWTEJCTIG RCT GZ NQTU FW FÃ…OQPVCIG FG EKTENKRU DNQSWÃ…U .C XCUVG UWTHCEG FG EQPVCEV GV NC RQUKVKQP FGU RQKPVGU GORÆEJGPV NGU EKTENKRU FG INKUUGT

RQWT EKTENKRU KPVÃ…TKGWTU F CNÃ…UCIG

,

#XGE NGU RQKPVGU TCRRQTVÃ…GU RQWT VTCXCKNNGT GP VQWVG UÃ…EWTKVÃ…

6TÄU TÃ…UKUVCPVG GP WUCIG EQPVKPW FWTÃ…G FG XKG LWUSWo¼ HQKU RNWU NQPIWG SWG FGU RQKPVGU WUKPÃ…GU CW VQWT EJCTPKÄTG XKUUÃ…G OQWXGOGPV FG NC RKPEG RTÃ…EKU GV UCPU LGW RQKIPÃ…GU TGXÆVWGU F WP ICKPCIG RNCUVKSWG CPVKFÃ…TCRCPV â– EQTRU FG NC RKPEG CEKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– RQKPVGU TCRRQTVÃ…GU HKN Fo#EKGT ¼ TGUUQTVU UGTVK â– â–

,

90°

, , CXGE RTQVGEVKQP EQPVTG NC FKUVGPUKQP

TÃ…INCDNG RCT DWVÃ…G CWEWPG FÃ…HQT OCVKQP GZEGUUKXG FGU RGVKVU EKTENKRU RQWT CNÃ…UCIG

(QTOG &+0 % RQKPVGU FTQKVGU

,GWZ FG RKPEGU RQWT EKTENKRU XQKT RCIG

6ÆVG GHHKNÅG

'#0 4Ã…H , , , , , , , , , , , ,

(QTOG 2KPEG

90°

(QTOG &+0 % RQKPVGU FTQKVGU CXGE RTQVGEVKQP EQPVTG NC FKUVGPUKQP

TÃ…INCDNG RCT DWVÃ…G

2TÃ…EKUKQP GV NQPIÃ…XKVÃ… 2QKPVGU HCDTKSWÃ…GU GP CEKGT ¼ TGUUQTV JCWVGOGPV EQORTKOÃ… ¼ UWTHCEG PQP UVTKÃ…G .C RQKPVG FKURQUG CKPUK F WPG TÃ…UKUVCPEG F[PCOKSWG GV UVCVKSWG RNWU Ã…NGXÃ…G .QTU SW GNNGU UQPV UQWOKUGU ¼ WPG UWTEJCTIG WPKSWG NGU RKPEGU UQPV | RNWU UQNKFGU SWG FGU RKPEGU UVCPFCTF GV RGTOGVVGPV F CWVTG RCTV WP DQP CEEÄU NQTU FG VTCXCWZ FG OQPVCIG .QTUSW GNNGU UQPV UQWOKUGU ¼ WPG EJCTIG F[PCOKSWG NGU RQKPVGU TÃ…UKUVGPV HQKU RNWU NQPIVGORU| .GU RQKPVGU FGU RKPEGU ¼ EKTENKRU FG RTÃ…EKUKQP UQPV HKZÃ…GU RCT OCVTKÃCIG ¼ HTQKF 2QKPVGU KORGTFCDNGU|

2QKPVGU TCRRQTVÃ…GU TQDWUVGU GP CEKGT ¼ TGUUQTV JCWVGOGPV EQORTKOÃ…

OO

(QTOG &+0 & RQKPVGU EQWFÃ…GU ¼ ÂŒ

2QKIPÃ…GU

ITKUG CVTCOGPVKUÃ…G

ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV

ITKUG CVTCOGPVKUÃ…G

ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV

ITKUG CVTCOGPVKUÃ…G

ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV

5GTVKUUCIG RTÅEKU RCT OCVTKÃCIG

%CRCEKVÃ… RQWT FKCOÄVTG FoCNÃ…UCIG ´ OO

2QKPVGU ´ OO

I

2+0%'5 2174 %+4%.+25

2KPEGU FG RTÅEKUKQP RQWT EKTENKRU

#XGE NGU RQKPVGU TCRRQTVÅGU RQWT VTCXCKNNGT GP VQWVG UÅEWTKVÅ

RQWT EKTENKRU GZVÅTKGWTU F CTDTG

6TÄU TÅUKUVCPVG GP WUCIG EQPVKPW FWTÅG FG XKG LWUSWo¼ HQKU RNWU NQPIWG SWG FGU RQKPVGU WUKPÅGU CW VQWT XCUVG UWTHCEG FG EQPVCEV CWZ RQKPVGU RCU FG VQTUKQP FW EKTENKRU OQPVCIG HCEKNG ■ EJCTPKÄTG XKUUÅG OQWXGOGPV FG NC RKPEG RTÅEKU GV UCPU LGW ■ TGUUQTV F QWXGTVWTG KPVÅITÅ FCPU NC EJCTPKÄTG KORGTFCDNG GV RTQVÅIÅ ■ RQKIPÅGU TGXÆVWGU F WP ICKPCIG RNCUVKSWG CPVKFÅTCRCPV ■ EQTRU FG NC RKPEG CEKGT ÅNGEVTKSWG CW EJTQOG XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■ RQKPVGU TCRRQTVÅGU HKN Fo#EKGT ¼ TGUUQTVU UGTVK ■

#

# &+0 # RQKPVGU FTQKVGU

# # # # CXGE RTQVGEVKQP EQPVTG NC FKUVGPUKQP

TÅINCDNG RCT DWVÅG TÅINCIG RCT XKU ¼ UKZ RCPU ETGWZ KFÅCNG RQWT NC HCDTKECVKQP GP UÅTKG ECT VQWV CNNQPIGOGPV GZEGUUKH FGU EKTENKRU GUV GHHKECEGOGPV GORÆEJÅ

(QTOG &+0 # RQKPVGU FTQKVGU CXGE RTQVGEVKQP EQPVTG NC FKUVGPUKQP

4GUUQTV KPVÅITÅ NG TGUUQTV GUV RTQVÅIÅ ¼ N KPVÅTKGWT FG NC EJCTPKÄTG FG RTÅEKUKQP XKUUÅG 0G IÆPG RCU RGPFCPV NG VTCXCKN RCU F GPETCUUGOGPV PK FG RGTVG

2KPEG -0+2': FG RTÅEKUKQP RQWT EKTENKRU RQWT WP OQPVCIG TCRKFG HCEKNG GV UCPU FÅHQTOCVKQP FW EKTENKRU

%JCTPKÄTG XKUUÅG ITCPFG RTÅEKUKQP GV UQWRNGUUG QRVKOCNG

2KPEG UVCPFCTF RQWT EKTENKRU FÅHQTOCVKQP ÅXGPVWGNNG FW EKTENKRU NQTU FW OQPVCIG

(QTOG &+0 $ RQKPVGU EQWFÅGU ¼ CXGE RTQVGEVKQP EQPVTG NC FKUVGPUKQP

#

90°

(QTOG &+0 $ RQKPVGU EQWFÅGU ¼

2KPEGU ¼ EKTENKRU -0+2': ¼ RTQVGEVKQP EQPVTG NC FKUVGPUKQP 2QWT OQPVCIG FCPU NGU PQTOGU FG EKTENKRU GP HCDTKECVKQP KPFWUVTKGNNG FG UÅTKG .GU HCDTKECPVU FG EQORQUCPVU FG UÅEWTKVÅ UGPUKDNGU VGNU SWG HTGKPU QW DQÊVGU FG XKVGUUGU PQVCOOGPV CEEQTFGPV NC RNWU ITCPFG KORQTVCPEG CW TGURGEV FGU PQTOGU &+0 GV .G OQPVCIG FGU EKTENKRU ¼ NoCKFG FG RKPEGU ¼ RTQVGEVKQP EQPVTG NC FKUVGPUKQP GV ¼ EÐPG GUV ¼ EGV ÅICTF GZKIÅ .GU RQKPVGU FGU RKPEGU ¼ EKTENKRU FG RTÅEKUKQP UQPV HKZÅGU RCT OCVTKÃCIG ¼ HTQKF GORÆEJCPV CNQTU NGWTU RGTVGU

4ÅH # # # # # # # # # # # # #

'#0

#

OO

(QTOG

90°

90°

2KPEG

2QKIPÅGU

ITKUG CVTCOGPVKUÅG

ICKPÅGU GP RNCUVKSWG CPVKFÅTCRCPV

ITKUG CVTCOGPVKUÅG

ICKPÅGU GP RNCUVKSWG CPVKFÅTCRCPV

ITKUG CVTCOGPVKUÅG

ICKPÅGU GP RNCUVKSWG CPVKFÅTCRCPV

ITKUG CVTCOGPVKUÅG

ICKPÅGU GP RNCUVKSWG CPVKFÅTCRCPV

%CRCEKVÅ RQWT FKCOÄVTG FoCTDTG ´ OO

2QKPVGU ´ OO

I

2+0%'5 2174 %+4%.+25

2KPEGU RQWT EKTENKRU

RQWT NG OQPVCIG FG EKTENKRU FCPU FGU CNÃ…UCIGU F WP FKCOÄVTG FG ¼ OO â– CXGE U[UVÄOG FG DNQECIG FÃ…XGTTQWKNNCDNG â– CXGE RQKPVGU KPVGTEJCPIGCDNGU â– TGXÆVGOGPV RCT RQWFTCIG PQKT â– EQTRU FG RKPEG CEKGT NCOKPÃ… ¼ JCWVG TÃ…UKUVCPEG â– 2QKPVGU #EKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG â–

RQWT ITCPFU EKTENKRU KPVÃ…TKGWTU

(QTOG &+0 % RQKPVGU FTQKVGU (QTOG &+0 & RQKPVGU EQWFÃ…GU ¼ ÂŒ

,

4Ã…H , , , ,

'#0 OO

, , , ,

(QTOG 2KPEG

90°

TGXÆVGOGPV RQWFTG PQKT

TGXÆVGOGPV RQWFTG PQKT

%CRCEKVÃ… RQWT FKCOÄVTG FoCNÃ…UCIG 2QKPVGU ´ OO ´ OO

I

2CKTG FG RQKPVGU FG TGEJCPIG RQWT , 2CKTG FG RQKPVGU FG TGEJCPIG RQWT , 2CKTG FG RQKPVGU FG TGEJCPIG RQWT , 2CKTG FG RQKPVGU FG TGEJCPIG RQWT ,

2KPEGU RQWT EKTENKRU

RQWT NG OQPVCIG FG EKTENKRU UWT FGU CTDTGU F WP FKCOÄVTG FG ¼ OO â– CXGE U[UVÄOG FG DNQECIG FÃ…XGTTQWKNNCDNG â– CXGE RQKPVGU KPVGTEJCPIGCDNGU â– TGXÆVGOGPV RCT RQWFTCIG PQKT â– EQTRU FG RKPEG CEKGT NCOKPÃ… ¼ JCWVG TÃ…UKUVCPEG â– 2QKPVGU CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG â–

RQWT ITCPFU EKTENKRU GZVÃ…TKGWTU

(QTOG &+0 # RQKPVGU FTQKVGU (QTOG &+0 $ RQKPVGU EQWFÃ…GU ¼ ÂŒ

#

4Ã…H # # # #

'#0 OO

# # # #

(QTOG

90°

%CRCEKVÃ… RQWT FKCOÄVTG FoCTDTG ´ OO

2KPEG

TGXÆVGOGPV RQWFTG PQKT

TGXÆVGOGPV RQWFTG PQKT

2CKTG FG RQKPVGU FG TGEJCPIG RQWT # 2CKTG FG RQKPVGU FG TGEJCPIG RQWT # 2CKTG FG RQKPVGU FG TGEJCPIG RQWT # 2CKTG FG RQKPVGU FG TGEJCPIG RQWT #

2QKPVGU ´ OO

I

2+0%'5 2174 %+4%.+25

1WVKN RQWT EKTENKRU

WVKNKUCVKQP WPKXGTUGNNG RQWT ITCPFU EKTENKRU FG |OO FG FKCOÄVTG PQOKPCN â– QWXGTVWTG GV HGTOGVWTG U×TGU FGU EKTENKRU GV OCKPVKGP RCT OÃ…ECPKUOG FG RTÃ…EKUKQP CWVQDNQSWCPV â– RQWT OQPVCIG QW FÃ…OQPVCIG FG EKTENKRU GP WPG UGWNG QRÃ…TCVKQP â– OCKPVKGP HKCDNG FGU EKTENKRU RCT TÃ…EGRVKQPU EQWTVGU GV FKTGEVGU â– RQKPVGU KPVGTEJCPIGCDNGU FG ´ OO GV OO RQWT FKHHÃ…TGPVGU ICOOGU FG FKCOÄVTG â– EQOOCPFG CW EJQKZ RCT ENÃ… O¾NG ENÃ… ¼ ENKSWGV QW XKUUGWUG â– WVKNKUCDNG RCTVQWV QÕ KN U CIKV FG VTCPUOGVVTG FGU HQTEGU GV EQWRNGU VTÄU Ã…NGXÃ…U RCT FG ITQU CTDTGU GV RCNKGTU RCT GZGORNG FCPU NGU FQOCKPGU UWKXCPVU Ã…QNKGPPGU WUKPGU OCTÃ…OQVTKEGU EQPUVTWEVKQP F CNVGTPC VGWTU EGPVTCNGU J[FTCWNKSWGU EQPUVTWEVKQP F Ã…SWKRGOGPVU NQWTFU

NCOKPQKTU RTGUUGU EQPUVTWEVKQP PCXCNG CÃ…TQURCVKCN â– QWVKN FCPU WPG OCNNGVVG GP RNCUVKSWG CXGE RNCVGCW GP OQWUUG â– OCVÃ…TKCW FGU RQKPVGU FG VTCXCKN| #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO â–

RQWT EKTENKRU KPVÃ…TKGWTU GV GZVÃ…TKGWTU FG FKCOÄVTG CNNCPV LWUSWo¼ |OO

CEVKQPPCDNG ¼ NC OCKP

4Ã…H

'#0

CEVKQPPCDNG ¼ NC OCEJKPG

%CRCEKVÃ… RQWT FKCOÄVTG FoCNÃ…UCIG ´ OO

KPUGTVU KPVGTEJCPIGCDNGU RQWT EKTENKRU KPVÃ…TKGWTU GV GZVÃ…TKGWTU

%CRCEKVÃ… RQWT FKCOÄVTG FoCTDTG ´ OO

I

2+0%'5 2174 %+4%.+25

2KPEGU URÃ…EKCNGU FG OQPVCIG

RQWT NG OQPVCIG FG TQPFGNNGU TGUUQTV GV FG EKTENKRU UCPU VTQWU RQWT FKURQUKVKH FG UÃ…EWTKVÃ… F CNÃ…UCIGU â– CXGE TGUUQTV F QWXGTVWTG â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

RQWT TQPFGNNGU TGUUQTV F CTDTG &+0 +51

RQWT TQPFGNNGU TGUUQTV F WPG VCKNNG F Ã…ECTVGOGPV OKPKOWO FG OO O¾EJQKTGU EQWFÃ…GU CXGE VTQW FG EGPVTCIG RQWT TQPFGNNGU TGUUQTV CWZ PQTOGU FoWP FKCOÄVTG OKP FG OO RCT GZ RQWT NC UÃ…EWTKVÃ… FoCTDTGU FCPU NC VTCPUOKUUKQP FG XÃ…JKEWNGU OQVQTKUÃ…U QWXGTVWTG OKPKOCNG FGU CPPGCWZ OO

30°

'#0

4Ã…H

OO

30°

2KPEG DTWPKG DTWPKG

2KPEGU RQWT EKTENKRU

I

ICKPÃ…GU GP RNCUVKSWG

RQWT NG OQPVCIG FG EKTENKRU UWT FGU CTDTGU F WP FKCOÄVTG FG ¼ OO â– CXGE TGUUQTV F QWXGTVWTG â– HQTOG TQDWUVG HQTIÃ…G â– RQKPVGU UQNKFGU CPVKFÃ…TCRCPVGU â– %QTRU FG NC RKPEG GV FGU RQKPVGU CEKGT CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

RQWT EQNNKGTU F Ã…VTCPINGOGPV F CTDTG &+0 +51

)

)

2QKIPÃ…GU

) RQWT EKTENKRU F WP FKCOÄVTG OKP FG ¼ OO CXGE XKU FG NKOKVCVKQP CLWUVCDNG Ã…XKVCPV NGU QWXGTVWTGU VTQR ITCPFGU

4Ã…H ) ) ) ) )

'#0

OO

2KPEG PQKTG CVTCOGPVKUÃ…G

6ÆVG RQNKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG

PQKTG CVTCOGPVKUÃ…G

RQNKG

ICKPÃ…GU GP RNCUVKSWG

%CRCEKVÃ… RQWT FKCOÄVTG FoCTDTG ´ OO

2QKPVGU ´ OO

I

2+0%'5 2174 %+4%.+25

,GWZ FG RKPEGU RQWT EKTENKRU QWVKNU

VTQWUUG GP RQN[GUVGT VKUUÃ… TÃ…UKUVCPV â– CXGE HGTOGVWTG TCRKFG TÃ…INCDNG RTCVKSWG â–

RKPEGU RQWT EKTENKRU KPVÅTKGWTU GV GZVÅTKGWTU UVCPFCTFU RKPEGU RQWT EKTENKRU FG RTÅEKUKQP WUWGNNGU TÅRQPFCPV CWZ RNWU UÅXÄTGU GZKIGPEGU

4Ã…H

'#0

,

(QTOG

%CRCEKVÃ… ´ OO

2QKPVGU ´ OO 3WCPVKVÃ…

RQKPVGU FTQKVGU

RQKPVGU EQWFÃ…GU

RQKPVGU FTQKVGU RQKPVGU EQWFÃ…GU

RQKPVGU FTQKVGU

I

,GW FG RKPEGU RQWT EKTENKRU QWVKNU

,

90°

# 2KPEG RQWT EKTENKRU RQWT EKTENKRU # GZVÃ…TKGWTU F CTDTG ,GW FG RKPEGU FG RTÃ…EKUKQP RQWT EKTENKRU QWVKNU , 2KPEG FG RTÃ…EKUKQP RQWT EKTENKRU RQWT EKTENKRU KPVÃ…TKGWTU F CNÃ…UCIG ,

90°

2KPEG RQWT EKTENKRU RQWT EKTENKRU KPVÃ…TKGWTU F CNÃ…UCIG

# #

2KPEG FG RTÃ…EKUKQP RQWT EKTENKRU RQWT EKTENKRU GZVÃ…TKGWTU F CTDTG

,GW FG RKPEGU UWT RNCVGCWZ GP OQWUUG

TCPIÃ…U FCPU FGU RNCVGCWZ GP OQWUUG RQWT Ã…VCDNKU GV EJCTKQVU FoCVGNKGT RQWT WP TCPIGOGPV QTFQPPÃ… FGU QWVKNU â– RNCVGCW GP OQWUUG CXGE GORTGKPVGU C[CPV NC HQTOG GZCEVG FGU QWVKNU â– FKOGPUKQPU FW RNCVGCW GP OQWUUG . Z * Z 2 Z Z OO â– OCVÃ…TKCW OQWUUG DKEQNQTG ¼ RQTGU HGTOÃ…U â– â–

8 RKPEGU FG RTÃ…EKUKQP RQWT EKTENKRU UWT RNCVGCW GP OQWUUG

'#0 4Ã…H 8 ,GW FG RKPEGU RQWT EKTENKRU RKPEGU FG RTÃ…EKUKQP RQWT EKTENKRU UWT RNCVGCW GP OQWUUG , 2KPEG FG RTÃ…EKUKQP RQWT EKTENKRU RQWT , EKTENKRU KPVÃ…TKGWTU F CNÃ…UCIG , 90° # 2KPEG FG RTÃ…EKUKQP RQWT EKTENKRU RQWT # EKTENKRU GZVÃ…TKGWTU F CTDTG 90° #

%CRCEKVÃ… ´ OO

2QKPVGU ´ OO 3WCPVKVÃ…

I

2+0%'5 2174 %+4%.+25

,GWZ FG RKPEGU FG RTÃ…EKUKQP RQWT EKTENKRU

5$

90°

90°

(QTOG

5$

5$

'#0 4Ã…H 5$

GODCNNCIG CVVTCEVKH ¼ RGTHQTCVKQP .5 â– EQORTGPCPV FGU RKPEGU FG RTÃ…EKUKQP RQWT EKTENKRU UVCPFCTFU TÃ…RQPFCPV CWZ GZKIGPEGU NGU RNWU UVTKEVGU â– GODCNNCIG RNCUVKSWG TQDWUVG RQWXCPV UGTXKT GPUWKVG FG TCPIGOGPV RQWT NGU RKPEGU â–

,GW FG RKPEGU FG RTÃ…EKUKQP RQWT EKTENKRU , 2KPEG FG RTÃ…EKUKQP RQWT EKTENKRU RQWT EKTENKRU , KPVÃ…TKGWTU F CNÃ…UCIG RQKPVGU # 2KPEG FG RTÃ…EKUKQP RQWT EKTENKRU RQWT EKTENKRU FTQKVGU # GZVÃ…TKGWTU F CTDTG ,GW FG RKPEGU FG RTÃ…EKUKQP RQWT EKTENKRU , 2KPEG FG RTÃ…EKUKQP RQWT EKTENKRU RQWT EKTENKRU , KPVÃ…TKGWTU F CNÃ…UCIG RQKPVGU # 2KPEG FG RTÃ…EKUKQP RQWT EKTENKRU RQWT EKTENKRU FTQKVGU

# , , # #

GZVÃ…TKGWTU F CTDTG 2KPEG FG RTÃ…EKUKQP RQWT EKTENKRU RQWT EKTENKRU KPVÃ…TKGWTU F CNÃ…UCIG RQKPVGU 2KPEG FG RTÃ…EKUKQP RQWT EKTENKRU RQWT EKTENKRU EQWFÃ…GU GZVÃ…TKGWTU F CTDTG

,GW FG RKPEGU FG RTÃ…EKUKQP RQWT EKTENKRU

%CRCEKVÃ… ´ OO

2QKPVGU ´ OO 3WCPVKVÃ…

I

EQHHTGV GP RNCUVKSWG TÃ…UKUVCPV FG SWCNKVÃ… UWRÃ…TKGWTG EQORTGPCPV FGU RKPEGU FG RTÃ…EKUKQP RQWT EKTENKRU UVCPFCTFU TÃ…RQPFCPV CWZ GZKIGPEGU NGU RNWU UVTKEVGU â– RNCVGCW GP OQWUUG CXGE GORTGKPVGU C[CPV NC HQTOG GZCEVG FGU QWVKNU â– RQWT WP TCPIGOGPV QTFQPPÃ… FGU QWVKNU â– FKOGPUKQPU GZVÃ…TKGWT . Z * Z 2 Z Z OO â– â–

4Ã…H

'#0

(QTOG ,GW FG RKPEGU FG RTÃ…EKUKQP RQWT EKTENKRU , 2KPEGU FG RTÃ…EKUKQP RQWT EKTENKRU RQWT , EKTENKRU KPVÃ…TKGWTU FoCNÃ…UCIG

90°

90°

# # , , # #

2KPEGU FG RTÃ…EKUKQP RQWT EKTENKRU RQWT EKTENKRU GZVÃ…TKGWTU FoCTDTG 2KPEGU FG RTÃ…EKUKQP RQWT EKTENKRU RQWT EKTENKRU KPVÃ…TKGWTU FoCNÃ…UCIG 2KPEGU FG RTÃ…EKUKQP RQWT EKTENKRU RQWT EKTENKRU GZVÃ…TKGWTU FoCTDTG

RQKPVGU FTQKVGU

RQKPVGU EQWFÃ…GU

%CRCEKVÃ… ´ OO

2QKPVGU ´ OO

3WCPVKVÃ…

I

2+0%'5 2174 %+4%.+25

,GWZ FG RKPEGU RQWT EKTENKRU

GODCNNCIG CVVTCEVKH ¼ RGTHQTCVKQP .5 â– EQORTGPCPV RKPEGU RQWT EKTENKRU KPVÃ…TKGWTU GV GZVÃ…TKGWTU UVCPFCTFU â– GODCNNCIG RNCUVKSWG TQDWUVG RQWXCPV UGTXKT GPUWKVG FG TCPIGOGPV RQWT NGU RKPEGU â–

8

4Ã…H 8

'#0

8

8

(QTOG ,GWZ FG RKPEGU RQWT EKTENKRU , 2KPEGU RQWT EKTENKRU RQWT EKTENKRU , KPVÃ…TKGWTU FoCNÃ…UCIG

# 2KPEGU RQWT EKTENKRU RQWT EKTENKRU # GZVÃ…TKGWTU FoCTDTG ,GWZ FG RKPEGU RQWT EKTENKRU , 2KPEGU RQWT EKTENKRU RQWT EKTENKRU , KPVÃ…TKGWTU FoCNÃ…UCIG

90° 90°

# # , , # #

2KPEGU RQWT EKTENKRU RQWT EKTENKRU GZVÃ…TKGWTU FoCTDTG 2KPEGU RQWT EKTENKRU RQWT EKTENKRU KPVÃ…TKGWTU FoCNÃ…UCIG 2KPEGU RQWT EKTENKRU RQWT EKTENKRU GZVÃ…TKGWTU FoCTDTG

RQKPVGU FTQKVGU

%CRCEKVÃ… ´ OO

2QKPVGU ´ OO

3WCPVKVÃ…

I

RQKPVGU FTQKVGU

RQKPVGU EQWFÃ…GU

#.6'40#6+8' 57%*'0 #755'4)'9²*0.+%*' (#55#&'

4¦8'5 #7 2.75 *#76 &'5

%+'7:

2NWU JCWV RNWU ITCPF RNWU QUÅ s EG UQPV EGU DGCWZ TÆXGU SWK QPV VQWLQWTU CPKOÅ NoCTEJKVGEVWTG #WLQWTFoJWK NGU TÆXGU FGXK GPPGPV FGU QWXTCIGU ÅVQPPCPVU TÅCNKUCPV FGU XKUKQPU CTVKUVKSWGU GV UQPFCPV NGU NK OKVGU FW VGEJPKSWGOGPV HCKUCDNG 2NWU NGU VQWTU VTÐPGPV JCWV FCPU NGU PWCIGU RNWU GNNGU FQKXGPV TÅUKUVGT ¼ FG TWFGU UQNNKEKVC VKQPU %oGUV RQWTSWQK QP WVKNKUG ¼ NoKPVÅTKGWT FG NGWTU ÅNÅOGPVU GP DÅVQP FGU CTOCVWTGU NGWT EQPHÅTCPV UVCDKNKVÅ GV ƃGZKDKNKVÅ &GU VGPCKNNGU TWUUGU -0+2': UoGORNQKGPV FCPU NG OQPFG GPVKGT SWCPF KN UoCIKV FG TÅCNKUGT FGU RTQLGVU CTEJKVGEVWTCWZ URGEVCEWNCKTGU

6GPCKNNGU 6GPCKNNGU TWUUGU 6GPCKNNGU 6GPCKNNG OCTVGCW 6TKEQKUGU VTKEQKUGU RQWT ECTTQUUGTKG 2KPEG RQWT RQVKGT RKPEG RQWT EQWXTGWT 2KPEGU EQWRCPVGU FG FGXCPV 6GPCKNNGU TWUUGU RKPEGU ¼ VTGUUGT 6GPCKNNGU TWUUGU ¼ HQTVG FÃ…OWNVKRNKECVKQP

.G HGTTCKNNCIG GUV WP VTCXCKN OCPW GN s RCTVQWV FCPU NG OQPFG UWT NGU D¾VKOGPVU NGU RNWU FKXGTU .GU VGPCKNNGU TWUUGU -0+2': CRRQTVGPV CWZ QWXTKGTU WPG UQNWVKQP RWKUUCPVG GV GTIQPQ OKSWG RQWT NG TÃ…CNKUGT

6'0#+..'5

6GPCKNNGU

RQWT UQNNKEKVCVKQPU GZVTÆOGU CRRTÃ…EKÃ…G FGU CTVKUCPU GP TCKUQP FG UC HKPKVKQP FG RTÃ…EKUKQP â– VTÄU TÃ…UKUVCPV ¼ N WUWTG GV DQPPG TÃ…RCTVKVKQP FW RQKFU â– VTCPEJCPVU VTGORÃ…U FWTGVÃ… F GPX *4% â– #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

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%CRCEKVÃ…U FG EQWRG 4Ã…H

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2KPEG

6ÆVG

PQKTG CVTCOGPVKUÃ…G

RQNKG

PQKTG CVTCOGPVKUÃ…G

RQNKG

6GPCKNNG OCTVGCW

2QKIPÃ…GU

ICKPÃ…GU GP RNCUVKSWG

´ OO

I

VGPCKNNG ¼ UWTHCEG FG HTCRRG RQWT GPHQPEGT FGU ENQWU â– VTCPEJCPVU VTGORÃ…U FWTGVÃ… F GPX *4% â– #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

&+0 +51

&QWDNG HQPEVKQP GPHQPEGT GV CTTCEJGT NGU ENQWU

4Ã…H

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2KPEG PQKTG CVTCOGPVKUÃ…G

6ÆVG RQNKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG

I

6'0#+..'5

6TKEQKUGU VTKEQKUGU RQWT ECTTQUUGTKG

NC RKPEG URÃ…EKCNG RQWT NG OCTÃ…EJCN HGTTCPV CXGE VÆVG OKPEG GV UCDQV RQWT ENQW ¼ HGTTGT â– EQPXKGPV CWUUK RQWT NGU VTCXCWZ FG FÃ…OQPVCIG FCPU NG UGEVGWT ECTTQUUGTKG â– VTCPEJCPVU VTGORÃ…U FWTGVÃ… F GPX *4% â– #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

&+0 +51

4Ã…H

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2KPEG PQKTG CVTCOGPVKUÃ…G

6ÆVG RQNKG

2KPEG RQWT RQVKGT RKPEG RQWT EQWXTGWT

.CTIGWT FG VÆVG OO

I

RQWT VTCXCWZ UWT CTIKNG CXGE EQWRG HKNU RQWT HKNU FQWZ â– VTCPEJCPVU VTGORÃ…U FWTGVÃ… F GPX *4% â– #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

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4Ã…H

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2KPEG PQKTG CVTCOGPVKUÃ…G

2KPEGU EQWRCPVGU FG FGXCPV

6ÆVG RQNKG

.CTIGWT FG VÆVG OO

I

CXGE VTCPEJCPVU RQWT HKNU FQWZ GV FWTU â– EQPXKGPV Ã…ICNGOGPV RQWT VQTUCFGT GV EQWRGT NGU HKNU ¼ NKICVWTGT â– VTCPEJCPVU VTGORÃ…U RCT KPFWEVKQP FWTGVÃ… F GPX *4% â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

(QTOG FG NC VÆVG RGTOGVVCPV FoQRVKOKUGT NGU OQWXGOGPVU NQTU FW UGTTCIG FW PyWF CW HGTTCKNNCIG

%CRCEKVÃ…U FG EQWRG 4Ã…H

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2KPEG

6ÆVG

2QKIPÃ…GU

PQKTG CVTCOGPVKUÃ…G

RQNKG

ICKPÃ…GU GP RNCUVKSWG

´ OO ´ OO ´ OO I

6'0#+..'5 4755'5

6GPCKNNGU TWUUGU

RQWT VQTUCFGT GV EQWRGT FGU HKNU ¼ NKICVWTGT GP DQDKPG GP WPG UGWNG QRÃ…TCVKQP TCRKFG HKCDNG GV Ã…EQPQOKSWG â– NGWT RTÃ…EKUKQP KPÃ…ICNÃ…G GV NGWT FWTÃ…G FG XKG HQPV FG EGU VGPCKNNGU NGU RKPEGU NGU RNWU XGPFWGU CW OQPFG â– VTCPEJCPVU VTGORÃ…U FWTGVÃ… F GPX *4% â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

RKPEGU ¼ VTGUUGT &+0 +51

- VÆVG ÅVTQKVG FG OO URÅEKCNG RQWT NGU VTCXCWZ FG ECTTGNCIG

- %CRCEKVÃ…U FG EQWRG 4Ã…H -

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2KPEG

6ÆVG

PQKTG CVTCOGPVKUÃ…G

RQNKG

PQKTG CVTCOGPVKUÃ…G

RQNKG

PQKTG CVTCOGPVKUÃ…G

RQNKG

ICKPÃ…GU GP RNCUVKSWG

EJTQOÃ…G

2QKIPÃ…GU

´ OO

´ OO

I

6'0#+..'5 4755'5

6GPCKNNGU TWUUGU

F GHHQTV Ã…EQPQOKUÃ… EQORCTÃ… ¼ FGU VGPCKNNGU TWUUGU UVCPFCTF FG NC OÆOG VCKNNG

¼ HQTVG FÃ…OWNVKRNKECVKQP

%QPXKGPV Ã…ICNGOGPV ¼ NoCUUGODNCIG FoCTOCVWTGU DCUUGU IT¾EG ¼ UC HQTOG RCTVKEWNKÄTGOGPV Ã…NCPEÃ…G

&+0 +51

RQWT HKZGT NG HGT ¼ DÃ…VQP CXGE FW HKN ¼ NKICVWTGT GP DQDKPG RQWT NKICVWTGT GV UGEVKQPPGT NG HKN GP WPG UGWNG QRÃ…TCVKQP â– EJCTPKÄTG ¼ HQTVG FÃ…OWNVKRNKECVKQP RGTOGVVCPV WP VTCXCKN OQKPU HCVKICPV OÆOG CXGE FGU HKNU ¼ NKICVWTGT Ã…RCKU â– UQWNCIGOGPV FGU VGPFQPU GV FGU OWUENGU IT¾EG ¼ N CDUQTRVKQP KPVGPUG FW EJQE GPIGPFTÃ… RCT NG UGEVKQPPGOGPV FW HKN ¼ NKICVWTGT â– VTCPEJCPVU VTGORÃ…U FWTGVÃ… F GPX *4% â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

%CRCEKVÃ…U FG EQWRG 4Ã…H

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2KPEG

6ÆVG

PQKTG CVTCOGPVKUÃ…G

RQNKG

PQKTG CVTCOGPVKUÃ…G

RQNKG

EJTQOÃ…G

2QKIPÃ…GU

ICKPÃ…GU GP RNCUVKSWG

´ OO

´ OO

.CTIGWT FG VÆVG OO

I

('7 '6 (.#//' 2174 .' 5#78'6#)'

2QWT UCWXGT FGU XKGU KN HCWV SWG EJCSWG IGUVG UQKV RCTHCKVGOGPV GZÃ…EWVÃ… %oGUV EG FÃ…Æ‚ SWG TGNÄXGPV LQWT CRTÄU LQWT CXGE NC OÆOG CDPÃ…ICVKQP NGU RQORKGTU 3WCPF KNU VTQWXGPV UWT NGWT EJGOKP FGU QDUVCENGU VGNU SWG FGU CEEÄU HGTOÃ…U KN [ C RÃ…TKN GP NC FGOGWTG RQWT NGU KPVÃ…TGUUÃ…U 5WTOQP VGT NoQDUVCENG CW RNWU XKVG GUV CNQTU EG SWK KORQTVG XTCKOGPV 'V N¼ NC RWKUUCPEG GV NoGPFWTCPEG FW EQWRG DQWNQPU -0+2': CKFG ¼ UCWXGT FGU XKGU GP UGEVKQPPCPV RCT GZGORNG UCPU RGKPG WP ECFGPCU

2KPEGU EQWRCPVGU 2KPEGU EQWRCPVGU FG EÐVÅ RQWT RNCUVKSWG 2KPEG EQWRCPVG FG EÐVÅ RQWT E¾DNGU ¼ HKDTGU QRVKSWGU 2KPEGU EQWRCPVGU FG EÐVÅ 2KPEGU EQWRCPVGU FG EÐVÅ RQWT ÅNGEVTQOÅECPKEKGP : %WV 2KPEGU EQWRCPVGU FG EÐVÅ ¼ HQTVG FÅOWNVKRNKECVKQP 6YKP(QTEG %QWRG HKNU EGPVTCN ¼ HQTVG FÅOWNVKRNKECVKQP %Q$QNV %QWRG DQWNQPU %QWRG VTGKNNKU 2KPEGU EQWRCPVGU FG FGXCPV RQWT DQWNQPU ¼ HQTVG FÅOWNVKRNKECVKQP 2KPEGU EQWRCPVGU FG FGXCPV ¼ HQTVG FÅOWNVKRNKECVKQP 2KPEGU EQWRCPVGU FG FGXCPV 2KPEGU EQWRCPVGU FG FGXCPV RQWT OÅECPKEKGPU

.GU QWVKNU RQWT RQORKGTU UQPV EQPÃWU RQWT FGU UKVWCVKQPU FCPU NGUSWGNNGU EoGUV NC XKG SWK GUV GP LGW &GU EQW RG DQWNQPU -0+2': HQPV GP UQTVG FG RQWXQKT UWTOQPVGT TCRKFGOGPV NGU QDUVCENGU GP ECU FoKPVGTXGPVKQP

2+0%'5 %172#06'5

2KPEGU EQWRCPVGU FG EÐVÅ RQWT RNCUVKSWG &+0 +51

UWTHCEG FGU VTCPEJCPVU TGEVKHKÅG RQWT UÅRCTGT ¼ TCU NGU RCTVKGU KPLGEVÅGU GV FGU ECTQVVGU RNCUVKSWGU ■ EQWRG NGU OCVÅTKCWZ VGPFTG VGN SWG NG RNQOD CXGE WPG EQWRG ¼ TCU ■ CXGE TGUUQTV F QWXGTVWTG ■ #EKGT ÅNGEVTKSWG CW XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG

CXGE VTCPEJCPV CNNQPIÅ

■ ■

45°

6TCPEJCPV CNNQPIÅ OO

&ÅOWNVKRNKECVKQP COÅNKQTÅG

85°

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45° 85°

2KPEG EQWRCPVG FG EÐVÅ RQWT E¾DNGU ¼ HKDTGU QRVKSWGU &+0 +51

4ÅH

6ÆVG

2QKIPÅGU

RQNKG

ICKPÅGU GP RNCUVKSWG

RQNKG RQNKG RQNKG

CXGE ICKPGU DK OCVKÄTG ICKPÅGU GP RNCUVKSWG ICKPÅGU GP RNCUVKSWG

I

EQPÃWG URÅEKCNGOGPV RQWT UGEVKQPPGT NGU E¾DNGU ¼ HKDTGU QRVKSWGU E¾DNGU GP HKDTG FG XGTTG ■ CXGE VTCPEJCPV CNNQPIÅ ■ UWTHCEG FGU VTCPEJCPVU TGEVKHKÅG ■ VTCPEJCPVU VTGORÅU RCT KPFWEVKQP ■ CXGE TGUUQTV F QWXGTVWTG ■ #EKGT ÅNGEVTKSWG CW XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

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6ÆVG RQNKG

2QKIPÅGU ICKPÅGU GP RNCUVKSWG

I

6YKP(QTEG

. 70+8'45 &'5 2+0%'5 %172#06'5 -0+2': #XGE UGU SWCVTG RKPEGU EQWRCPVGU FG EÐVÅ -0+2': QHHTG FGU UQNWVKQPU HCKVGU UWT OGUWTG RQWT EJCSWG CRRNKECVKQP 7PG FKXGTUKVÅ GZEGRVKQPPGNNG FG OQFGNNGU ICTCPVKV WPG TGRQPUG GZEGNNGPVG ¼ RCTVKT FG N WPKXGTU FGU RKPEGU EQWRCPVGU -0+2': 2KPEG EQWRCPVG FG EÐVÅ -0+2': .G ENCUUKSWG . QWVKN FG EQWRG KPFKURGPUCDNG RQWT WPG WVKNKUCVKQP RQN[XCNGPVG 2KPEG EQWRCPVG FG EÐVÅ ¼ HQTVG FÅOWNVKRNKECVKQP -0+2': .C TQDWUVG 2QWT UQNNKEKVCVKQPU GZVTÆOGU GV EQPVKPWGU -0+2': : %WV .G IÅPÅTCNKUVG %QORCEVG GV NÅIÄTG 2WKUUCPVG GV RTÅEKUG -0+2': 6YKP(QTEG .C UWRÅTKGWTG 2QWT WPG WVKNKUCVKQP CXGE FCXCPVCIG FG EQPHQTV RQWT NGU EQWRGU RQN[XCNGPVGU QW RQWT NGU ECU FG EQWRG RCTVKEWNKÄTGOGPV FWTU

.C RKPEG EQWRCPVG ¼ TGRTKUG /ÅECPKUOG ¼ FQWDNG CTVKEWNCVKQP 7PG HQTEG OCPWGNNG HQKU RNWU ÅNGXÅG

2KPEG EQWRCPVG FG EÐVÅ

2KPEG EQWRCPVG FG EÐVÅ ¼ HQTVG FÅOWNVKRNKECVKQP

: %WV

6TCPEJCPVU NQPIU RQWT NC EQWRG FG E¾DNGU %QWRG RTÅEKUG FGU VQTQPU NGU RNWU HKPU 7PG HQTEG OCPWGNNG HQKU RNWU ÅNGXÅG

#ZG FnCTVKEWNCVKQP HQTIÅ GP WPG UGWNG RKÄEG RQWT WP WUCIG FCPU FGU EQPFKVKQPU FKHHKEKNGU 7PG HQTEG OCPWGNNG HQKU RNWU ÅNGXÅG

#TVKEWNCVKQP GPVTGRCUUÅG WP RQKFU TÅFWKV RQWT WPG UVCDKNKVÅ VTÄU ÅNGXÅG 7PG HQTEG OCPWGNNG HQKU RNWU ÅNGXÅG

-I

-I

CXGE TGRTKUGU

-I

%QORCTCKUQP FG NC HQTEG OCPWGNNG GP MKNQITCOOG NQTU FG NC EQWRG F WP ENQW FG ´ OO

2

P RC QW

V

E FG VG

%W :

ÐVÅ

VÅ EÐ P FG CVKQ PVG NKE RC NVKR QW ÅOW F

: 2'

G E KPE

-

G G

QTE RTKU P( ¼ TG YK PVG : 6 WRC +2' G EQ -0 RKPE .C

2 KP ¼ H EG E QTV G

0+

-I

GPVCKNNGT TGRTGPFTG EQWRGT

2+0%'5 %172#06'5

2KPEGU EQWRCPVGU FG EÐVÅ &+0 +51

NC RKPEG EQWRCPVG FG EÐVÅ KPFKURGPUCDNG RQWT WPG WVKNKUCVKQP RQN[XCNGPVG ■ OCVÅTKCWZ FG SWCNKVÅ UWRÅTKGWTG GV HKPKVKQP FG RTÅEKUKQP RQWT WPG NQPIWG XKG ■ VTCPEJCPVU FG RTÅEKUKQP RQWT HKNU FQWZ GV FWTU ■ EQWRG PGVVG FGU HKNU GP EWKXTG HKPU OÆOG GP DQWV FG VTCPEJCPVU ■ VTCPEJCPVU VTGORÅU RCT KPFWEVKQP FWTGVÅ F GPX *4% ■ VÆVG ÅVTQKVG RGTOGVVCPV WPG WVKNKUCVKQP FCPU FGU GPFTQKVU FKHHKEKNG F CEEÄU ■ #EKGT ÅNGEVTKSWG CW XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

6ÆVG ÅHHKNÅG GV EQWRG GZCEVG ¼ NC RQKPVG FGU VTCPEJCPVU RTCVKSWG FCPU NGU GPFTQKVU FKHHKEKNG F CEEÄU

.GU HKNU HKPU UQPV EQWRÅU PGV UWT VQWVG NC NQPIWGWT FGU VTCPEJCPVU

2+0%'5 %172#06'5

%CRCEKVÃ…U FG EQWRG 4Ã…H

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2KPEG

6ÆVG

PQKTG CVTCOGPVKUÃ…G

RQNKG

PQKTG CVTCOGPVKUÃ…G

RQNKG

EJTQOÃ…G

EJTQOÃ…G

EJTQOÃ…G PQKTG CVTCOGPVKUÃ…G

RQNKG

EJTQOÃ…G

EJTQOÃ…G

2QKIPÃ…GU

´ OO ICKPÃ…GU GP RNCUVKSWG CXGE ICKPGU DK OCVKÄTG CXGE ICKPGU DK OCVKÄTG KUQNÃ…GU RCT ICKPGU DK OCVKÄTG EGTVKHKÃ…GU 8&' KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

´ OO

´ OO

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ICKPÃ…GU GP RNCUVKSWG

CXGE ICKPGU DK OCVKÄTG

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

2+0%'5 %172#06'5

2KPEGU EQWRCPVGU FG EÐVÅ

CXGE VTCPEJCPVU VTÄU EQWRCPVU UG TGHGTOCPV CXGE RTÅEKUKQP RQWT HKNU FQWZ HKNU FWTU CKPUK SWG RQWT NC EQTFG ¼ RKCPQ ■ VTCPEJCPVU VTGORÅU RCT KPFWEVKQP FWTGVÅ F GPX *4% ■ EJCTPKÄTG GPECUVTÅG ■ #EKGT ÅNGEVTKSWG CW XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

RQWT ÅNGEVTQOÅECPKEKGP &+0 +51

FQWDNG TGUUQTV ¼ HTQVVGOGPV TÅFWKV RGTOGVVCPV WPG QWXGTVWTG FG NC RKPEG TÅIWNKÄTG GV UCPU ¼ EQWRU FQWDNG TGUUQTV ¼ HTQVVGOGPV TÅFWKV RGTOGVVCPV WPG QWXGTVWTG FG NC RKPEG TÅIWNKÄTG GV UCPU ¼ EQWRU UCPU DKUGCW RQWT NG UGEVKQPPGOGPV ¼ TCU FG HKNU FQWZ

VÆVG RCTVKEWNKÄTGOGPV GHHKNÅG ¼ RGVKV DKUGCW RQWT NC TÅCNKUCVKQP FG VTCXCWZ FCPU FGU GURCEGU GZKIWU HCKUEGCWZ FG E¾DNGU E¾DNGU OWNVKHKNCKTGU

%CRCEKVÅU FG EQWRG 4ÅH

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´ OO

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2QKIPÅGU

PQKTG CVTCOGPVKUÅG

RQNKG

ICKPÅGU GP RNCUVKSWG

EJTQOÅG EJTQOÅG

ICKPÅGU GP RNCUVKSWG CXGE ICKPGU DK OCVKÄTG

PQKTG CVTCOGPVKUÅG

RQNKG

CXGE ICKPGU DK OCVKÄTG

PQKTG CVTCOGPVKUÅG

RQNKG

CXGE ICKPGU DK OCVKÄTG

PQKTG CVTCOGPVKUÅG

RQNKG

ICKPÅGU GP RNCUVKSWG

$ OO

6ÆVG

# ´ OO ´ OO ´ OO OO

2KPEG

&KOGPUKQPU

2+0%'5 %172#06'5

-0+2': : %WV

FnGHHQTV ÅEQPQOKUÅ RCT TCRRQTV ¼ WPG RKPEG EQWRCPVG FG EÐVÅ UVCPFCTF FG NC OÆOG NQPIWGWT #XGE N CZG FnCTVKEWNCVKQP ¼ FQWDNG HKZCVKQP

2KPEGU EQWRCPVGU FG EÐVÅ ¼ HQTVG FÅOWNVKRNKECVKQP

%QORCEVG GV RNWU NÅIÄTG 2WKUUCPVG GV RTÅEKUG %QWRG CWUUK DKGP NGU HKNU NGU RNWU HKPU SWG NGU E¾DNGU ¼ RNWUKGWTU EQPFWEVGWTU GV NC FWTG EQTFG ¼ RKCPQ

C EJCTPKÄTG GPVTGRCUUÅG GZVTÆOG UQNKFKVÅ GV NÅIÄTGVÅ CZG FoCTVKEWNCVKQP ¼ FQWDNG HKZCVKQP RQWT UQNNKEKVCVKQPU GZVTÆOGU GP TÅIKOG RGTOCPGPV ■ RWKUUCPEG FG EQWRG ÅNGXÅG GV GHHQTV RJ[UKSWG TÅFWKV IT¾EG ¼ NC RCTHCKVG CFCRVCVKQP FG NoCPING FG EQWRG GV FW TCRRQTV FG FÅOWNVKRNKECVKQP ■ ITCPFG QWXGTVWTG RQWT ITQU E¾DNGU ■ EQWRG RTÅEKUG OÆOG UWT OKPEGU HKNU FG EWKXTG ■ EQPUVTWEVKQP EQORCEVG RNWU NÅIÄTG ■ WVKNKUCVKQP WPKXGTUGNNG FCPU NoKPUVCNNCVKQP NC OCKPVGPCPEG GV NC RTQFWEVKQP ■ #EKGT JCWVG RGTHQTOCPEG CW EJTQOG XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

■

EJCTPKÄTG GPVTGRCUUÅG GZVTÆOG UQNKFKVÅ GV NÅIÄTGVÅ

%CRCEKVÅU FG EQWRG 4ÅH

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2KPEG

6ÆVG

2QKIPÅGU

PQKTG CVTCOGPVKUÅG

RQNKG

CXGE ICKPGU DK OCVKÄTG

EJTQOÅG

CXGE ICKPGU DK OCVKÄTG

KUQNÅGU CXGE ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÅG

´ OO ´ OO ´ OO ´ OO ´ OO

I

2+0%'5 %172#06'5

2KPEGU EQWRCPVGU FG EÐVÅ ¼ HQTVG FÅOWNVKRNKECVKQP

F GHHQTV ÅEQPQOKUÅ EQORCTÅ ¼ FGU RKPEGU EQWRCPVGU FG EÐVÅ UVCPFCTF FG NC OÆOG NQPIWGWT #XGE CZG FG EJCTPKÄTG HQTIÅ 2QWT UQNNKEKVCVKQPU GZVTÆOGU GV EQPVKPWGU

&+0 +51

RWKUUCPEG FG EQWRG ÅNGXÅG GV GHHQTV RJ[UKSWG TÅFWKV IT¾EG ¼ NC RCTHCKVG CFCRVCVKQP FG N CPING FG EQWRG GV FW TCRRQTV FG FÅOWNVKRNKECVKQP ■ VTCPEJCPVU FG RTÅEKUKQP VTGORÅU RCT KPFWEVKQP FWTGVÅ GPX *4% RQWT VQWU NGU V[RGU FG HKN [ EQORTKU NC EQTFG ¼ RKCPQ ■ #EKGT JCWVG RGTHQTOCPEG CW EJTQOG XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

.QPIWGWT OO NC RKPEG EQWRCPVG FG EÐVÅ FG OO FG NQPIWGWT EQPXKGPV RQWT NGU EQPFWEVGWTU GP EWKXTG LWUSW ¼ OO GV NGU EQPFWEVGWTU GP CNWOKPKWO LWUSW ¼ OO

(QTOG CXGE TGUUQTV F QWXGTVWTG RQWXCPV ÆVTG OKU GP HQPEVKQP CW DGUQKP

12°

(QTOG VÆVG EQWFÅG FG NCKUUCPV FG NC RNCEG ¼ NC OCKP RQWT UCKUKT

| TGUUQTV F QWXGTVWTG CW TGRQU

| NG TGUUQTV F QWXGTVWTG U CEVKXG F WPG UKORNG RTGUUKQP FW RQWEG

2+0%'5 %172#06'5

#XGE CZG FG TQVCVKQP KPVÅITÅ RQWT FGU WVKNKUCVKQPU GZVTÆOGU GV GP EQPVKPWG

%CRCEKVÃ…U FG EQWRG 4Ã…H

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2KPEG

6ÆVG

2QKIPÃ…GU

PQKTG CVTCOGPVKUÃ…G

RQNKG

ICKPÃ…GU GP RNCUVKSWG

PQKTG CVTCOGPVKUÃ…G

RQNKG

CXGE ICKPGU DK OCVKÄTG

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

12°

12°

EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÃ…G

KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

PQKTG CVTCOGPVKUÃ…G

RQNKG

CXGE ICKPGU DK OCVKÄTG

PQKTG CVTCOGPVKUÃ…G

RQNKG

ICKPÃ…GU GP RNCUVKSWG

PQKTG CVTCOGPVKUÃ…G

RQNKG

CXGE ICKPGU DK OCVKÄTG

´ OO ´ OO ´ OO

I

2+0%'5 %172#06'5

-0+2': 6YKP(QTEG

7PG EQWRG GZVTÆOGOGPV CKUÅG PÅEGUUKVCPV RGW F GHHQTV EQWRG CXGE GPEQTG FG HCEKNKVÅ RCT TCRRQTV ¼ NC RKPEG EQWRCPVG FG EÐVÅ ¼ FÅOWNVKRNKECVKQP -0+2': FÅL¼ ÅRTQWXÅG

2KPEG EQWRCPVG FG EÐVÅ JCWVG RGTHQTOCPEG &+0 +51

0178'#76¥ RQWT RKPEGU EQWRCPVGU FG EÐVÅ .C RQUUKDKNKVÅ FW TGRQUKVKQPPGOGPV .C -0+2': 6YKP(QTEG UGEVKQPPG OÆOG NGU HKNU OÅVCNNKSWGU FnWPG ÅRCKUUGWT FG OO CXGE QW TGRQUKVKQPPGOGPVU PÅEGUUKVCPV RGW F GHHQTV .GU RKPEGU EQWRCPVGU FG EÐVÅ ¼ FÅOWNVKRNKECVKQP WUWGNNGU PG UGEVKQPPGPV RCU FG VGNU FKCOÄVTGU QW UGWNGOGPV CXGE WP GHHQTV RJ[UKSWG KORQTVCPV

.C RKPEG EQWRCPVG FG EÐVÅ ¼ HQTVG FÅOWNVKRNKECVKQP UWRÅTKGWTG CXGE FQWDNG CTVKEWNCVKQP DTGXGVÅG VTCPUOKUUKQP QRVKOCNG IT¾EG ¼ NC EQPEGRVKQP ¼ FQWDNG CTVKEWNCVKQPU UGEVKQPPG CXGE HKCDKNKVÅ VQWU NGU V[RGU FG HKNU ÅICNGOGPV DCPFG GP CEKGT ■ RQWT WPG EQWRG ITQUUKÄTG GV RNWU HKPG ■ WP HCKDNG EJQE FG EQWRG NC OCKP GUV OÅPCIÅG .GU OWUENGU GV NGU VGPFQPU UQPV UQWNCIÅU ■ RQWT NoWVKNKUCVKQP CXGE FCXCPVCIG FG EQPHQTV RQWT NGU EQWRGU RQN[XCNGPVGU QW RQWT NGU ECU FG EQWRG RCTVKEWNKÄTGOGPV FWTU ■ JCWVG UVCDKNKVÅ GV RCUUCIG UCPU LGW RCT NGU DQWNQPU CTVKEWNÅU UQWFÅU GV HTCKUÅU CXGE RTÅEKUKQP ■ #EKGT JCWVG RGTHQTOCPEG CW EJTQOG XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■ ■

( 8GTUKQP CFFKVKQPPGNNG ¼ TGUUQTV FoQWXGTVWTG UKORNKHKCPV NGU TGRTKUGU GV EQWRGU OWNVKRNGU

(

.C RKPEG EQWRCPVG FG EÐVÅ JCWVG RGTHQT OCPEG CXGE TGUUQTV F QWXGTVWTG UKORNKHKCPV NGU TGRTKUGU GV EQWRGU OWNVKRNGU

.C EQPUVTWEVKQP CTVKEWNÅG TÅXQNWVKQP PCKTG FG NC -+0+2': 6YKP(QTEG DTGXGVÅG

6YKP(QTEG

.G TGUUQTV FoQWXGTVWTG UoCEVKXG QW UG FÅUCE VKXG RCT UKORNG RTGUUKQP FW RQWEG

2+0%'5 %172#06'5 4'215+6+100'/'06 1P RNCEG NGU ƂNU VQWLQWTU NG RNWU RTQEJG RQUUKDNG FG NnCZG FnCTVKEWNCVKQP .QTU FG RKPEGU EQWRCPVGU CXGE WPG VTCPUOKUUKQP ÅNGXÅG NnQWXGTVWTG ¼ RTQZKOKVÅ FW RQKPV FG TQVCVKQP GUV NC RNWRCTV FW VGORU RNWU RGVKVG SWG NG FKCOÄVTG FW ƂN GV NGU E¾DNGU RGWXGPV INKUUGT XGTU NnCXCPV NQTU FG NC EQWRG

%QPVKPWG\ NC EQWRG CW OÆOG GPFTQKV 8QWU RQWXG\ OCKPGPCPV UGEVKQPPGT NC OCVKÄTG CXGE FCXCPVCIG FG HCEKNKVÅ ECT GNNG TGUVG RNWU RTQEJG FW RQKPV FG TQVCVKQP

'PVCKNNG\ VQWV FnCDQTF NG E¾DNG CXGE NC RKPEG -0+2': 6YKP(QTEG LWUSWn¼ EG SWG NC HQTEG PÅEGUUCKTG FG NC OCKP CWIOGPVG HQTVGOGPV 2WKU QWXTG\ NC RKPEG GV HCKVGU INKUUGT XGTU NnCTTKÄTG NG ƂN CW RNWU RTQEJG FG NnCZG FG FÅOWNVKRNK ECVKQP GP NG OCKPVGPCPV FCPU NnGPEQEJG FG EQWRG #W DGUQKP XQWU RQWXG\ TGEQOOGPEGT EGVVG QRÅTCVKQP

%CRCEKVÅU FG EQWRG 4ÅH (

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2KPEG PQKTG CVTCOGPVKUÅG PQKTG CVTCOGPVKUÅG PQKTG CVTCOGPVKUÅG

6ÆVG RQNKG RQNKG RQNKG

%QWRG HKNU EGPVTCN ¼ HQTVG FÅOWNVKRNKECVKQP

2QKIPÅGU ICKPÅGU GP RNCUVKSWG CXGE ICKPGU DK OCVKÄTG CXGE ICKPGU DK OCVKÄTG

´ OO ´ OO ´ OO ´ OO I

CXGE CZG FG TQVCVKQP KPVÅITÅ RQWT FGU WVKNKUCVKQPU GZVTÆOGU GV GP EQPVKPWG ■ CXGE VTCPEJCPVU FG RTÅEKUKQP RQWT HKNU FQWZ FWTU CKPUK SWG RQWT NC EQTFG ¼ RKCPQ ■ EQWRG NGU HKNU ÅRCKU CXGE WP GHHQTV RJ[UKSWG RNWU TÅFWKV SW CXGE WPG RKPEG EQWRCPVG FG EÐVÅ FG NC OÆOG NQPIWGWT ■ VTCPEJCPVU FG RTÅEKUKQP UKVWÅU CW EGPVTG ■ RWKUUCPEG FG EQWRG ÅNGXÅG GV GHHQTV RJ[UKSWG TÅFWKV IT¾EG ¼ NC RCTHCKVG CFCRVCVKQP FG N CPING FG EQWRG GV FW TCRRQTV FG FÅOWNVKRNKECVKQP ■ VTCPEJCPVU VTGORÅU RCT KPFWEVKQP FWTGVÅ F GPX *4% ■ #EKGT JCWVG RGTHQTOCPEG CW EJTQOG XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

&+0 +51

.GU VTCPEJCPVU UG VTQWXGPV CW OKNKGW FG NC VÆVG EQWRCPVG

%CRCEKVÅU FG EQWRG '#0 4ÅH

OO

2KPEG PQKTG CVTCOGPVKUÅG

6ÆVG RQNKG

2QKIPÅGU ICKPÅGU GP RNCUVKSWG

´ OO ´ OO ´ OO ´ OO I

2+0%'5 %172#06'5

-0+2': %Q$QNV %QWRG DQWNQPU EQORCEV

| F GHHQTV ÅEQPQOKUÅ RCT TCRRQTV ¼ FGU RKPEGU EQWRCPVGU FG EÐVÅ UVCPFCTF .G U[UVÄOG FG FÅOWNVKRNKECVKQP KPIÅPKGWZ ICTCPVKV WP DTCU FG NGXKGT KFÅCN CXGE WP VCWZ FG HTKEVKQP HCKDNG .C HQTEG FG EQWRG GUV FG RNWU FG HQKU UWRÅTKGWTG ¼ NC HQTEG OCPWGNNG CRRNKSWÅG

&+0 +51 6QWV FCPU NGU OWUENGU OCKU CWUUK FCPU NC VÆVG

/GKNNGWTGU RGTHQTOCPEGU FG EQWRG %QWRG CKUÅG FG ITQUUGU UGEVKQPU RCT VTCPEJCPV OKETQ UVTWEVWTÅ

#XGE O¾EJQKTG UQWU NoCTVKEWNCVKQP RQWT UCKUKT GV VKTGT FGU ƂNU ¼ RCTVKT FG ´ OO VTCPEJCPVU FG RTÅEKUKQP RQWT HKNU FQWZ GV FWTU CKPUK SWG NC EQTFG ¼ RKCPQ ■ RQWT NC EQWRG FG EQORQUCPVU VGNU SWG NGU DQWNQPU ENQWU TKXGVU GVE F WP FKCOÄVTG OCZ FG OO ■ RWKUUCPEG FG EQWRG RCTVKEWNKÄTGOGPV ÅNGXÅG GV GHHQTV RJ[UKSWG TÅFWKV IT¾EG ¼ WPG EQPEGRVKQP FÅOWNVKRNKÅG VTÄU GHHKECEG ■ VTCPEJCPVU VTGORÅU RCT KPFWEVKQP FWTGVÅ F GPX *4% ■ #EKGT JCWVG RGTHQTOCPEG CW EJTQOG XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

CXGE RQKIPÅGU GHHKNÅGU DKEQNQTGU DK OCVKÄTG UCPU EQN RQWT WPG OGKNNGWTG OCPKCDKNKVÅ GV WP VTCPURQTV RNWU HCEKNG CXGE ITCPFG UWTHCEG F CRRWK UWT NGU ICKPGU RQWT WPG OGKNNGWTG TÅRCTVKVKQP FG NC RTGUUKQP GV WP VTCXCKN RNWU CITÅCDNG N ÅXKFGOGPV UKVWÅ ¼ NC DCUG FGU VTCPEJCPVU HCEKNKVG NC EQWRG FGU HKNU RNWU ÅRCKU RCT GZ RQWT NC EQPUVTWEVKQP FG RNCHQPFU UWURGPFWU

TGUUQTV F QWXGTVWTG KPVÅITÅ FCPU NGU RQKIPÅGU GV XGTTQWKNNCIG RQWT WP VTCXCKN EQPHQTVCDNG GV WP VTCPURQTV U×T

(QTOG VÆVG EQWFÅG ¼ CXGE EQWXTG LQKPV F WP EÐVÅ GV EQWRCPVG NCVÅTCNG RQWT WPG EQWRG PGVVG NCKUUG FG NC RNCEG ¼ NC OCKP RQWT UCKUKT

(QTOG NoÅXKFGOGPV UKVWÅ ¼ NC DCUG FGU VTCPEJCPVU HCEKNKVG NC EQWRG FGU HKNU RNWU ÅRCKU RCT GZ RQWT NC EQPUVTWEVKQP FG RNCHQPFU UWURGPFWU

20°

20°

(QTOG NoÅXKFGOGPV UKVWÅ ¼ NC DCUG FGU VTCPEJCPVU HCEKNKVG NC EQWRG FGU HKNU RNWU ÅRCKU RCT GZ RQWT NC EQPUVTWEVKQP FG RNCHQPFU UWURGPFWU VÆVG EQWFÅG ¼ CXGE EQWXTG LQKPV FoWP EÐVÅ GV EQWRCPVG NCVÅTCNG RQWT WPG EQWRG PGVVG NCKUUG FG NC RNCEG ¼ NC OCKP RQWT UCKUKT

2+0%'5 %172#06'5 %QWRG CKUÅG FG ITQUUGU UGEVKQPU RCT VTCPEJCPV OKETQ UVTWEVWTÅ

#XGE O¾EJQKTG UQWU NoCTVKEWNCVKQP RQWT UCKUKT GV VKTGT FGU ƂNU ¼ RCTVKT FG ´ OO

GV

%Q$QNV . ÅXKFGOGPV FCPU NGU VTCPEJCPVU UKVWÅ RTÄU FG NC EJCTPKÄTG RGTOGV FG VGPKT NGU HKNU ÅRCKU FCPU WPG RQUKVKQP FG EQWRG HCXQTCDNG NGXKGT QRVKOCN .G TGRQUKVKQPPG OGPV PÅEGUUCKTG CXGE NGU EQWRG DQWNQPU GUV KEK KPWVKNG

6ÆVG EQWFÅG ¼ CXGE EQWXTG LQKPV F WP EÐVÅ GV EQWRCPVG NCVÅTCNG RQWT WPG EQWRG PGVVG NCKUUG FG NC RNCEG ¼ NC OCKP RQWT UCKUKT

%CRCEKVÅU FG EQWRG 4ÅH

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(QTOG

2KPEG

2QKIPÅGU

PQKTG CVTCOGPVKUÅG

´ OO ´ OO ´ OO ´ OO

I

ICKPÅGU GP RNCUVKSWG

PQKTG CVTCOGPVKUÅG

CXGE ICKPGU DK OCVKÄTG OKPEGU

PQKTG CVTCOGPVKUÅG

CXGE ICKPGU DK OCVKÄTG OKPEGU

PQKTG CVTCOGPVKUÅG

ICKPÅGU GP RNCUVKSWG

PQKTG CVTCOGPVKUÅG

CXGE ICKPGU DK OCVKÄTG OKPEGU

20°

PQKTG CVTCOGPVKUÅG

ICKPÅGU GP RNCUVKSWG

20°

PQKTG CVTCOGPVKUÅG

CXGE ICKPGU DK OCVKÄTG OKPEGU

20°

PQKTG CVTCOGPVKUÅG

ICKPÅGU GP RNCUVKSWG

2+0%'5 %172#06'5

%QWRG DQWNQPU

RWKUUCPEG FG EQWRG FW OCVGTKGN CXGE WPG FWTGVÃ… OCZ FG *4% VTCPEJCPVU TQDWUVGU VTGORÃ…U RCT KPFWEVKQP FWTGVÃ… F GPX *4% â– DWVQKT HQTIÃ… CXGE COQTVKUUGWT EQPHQTVCDNG â– CEEÄU HCEKNKVÃ… IT¾EG ¼ NC HQTOG VTÄU RNCVG FG NC \QPG VÆVG EJCTPKÄTG â– RQKIPÃ…GU EQWFÃ…GU GTIQPQOKSWGU RQWT WP VTCXCKN OQKPU HCVKIWCPV â– RQKIPÃ…GU DKEQNQTGU DK OCVKÄTG TQDWUVGU GV RGTOGVVCPV WPG DQPPG RTKUG GP OCKP â– TÃ…INCIG RTÃ…EKU RQUKVKQPU RCT XKU GZEGPVTKSWGU â– RWKUUCPEG FG EQWRG Ã…NGXÃ…G GV GHHQTV RJ[UKSWG TÃ…FWKV IT¾EG ¼ NC RCTHCKVG CFCRVCVKQP FG N CPING FG EQWRG GV FW TCRRQTV FG FÃ…OWNVKRNKECVKQP â– VÆVG EQWRCPVG XKUUÃ…G KPVGTEJCPIGCDNG â– O¾EJQKTGU CEKGT CW EJTQOG XCPCFKWO JCWVG RGTHQTOCPEG HQTIÃ… VTGORÃ… ¼ NoJWKNG â– EJCTPKÄTG CEKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… â– RQKIPÃ…GU VWDG FoCEKGT TGXÆVGOGPV RQWFTG GRQZ[ â– â–

RQWT OCVÃ…TKCWZ F WPG FWTGVÃ… OCZ FG *4% MI OOÂŽ

DWVQKT HQTIÃ… CXGE COQTVKUUGWT COQTVKV EQPHQTVCDNGOGPV NG EJQE FG EQWRG|

%CRCEKVÃ…U FG EQWRG 4Ã…H

'#0 OO

6ÆVG

2QKIPÃ…GU

ITKUG CVTCOGPVKUÃ…G

CXGE ICKPGU DK OCVKÄTG

*4% ´ OO

/¾EJQKTGU FG TGEJCPIG RQWT EQORNÄVG CXGE XKU /ÀEJQKTGU FG TGEJCPIG RQWT EQORNÄVG CXGE XKU /¾EJQKTGU FG TGEJCPIG RQWT EQORNÄVG CXGE XKU /¾EJQKTGU FG TGEJCPIG RQWT EQORNÄVG CXGE XKU

*4% ´ OO

*4% ´ OO

I

2+0%'5 %172#06'5

%QWRG VTGKNNKU

RWKUUCPEG FG EQWRG CXGE WPG FWTGVÃ… OCZ FG *4% VTCPEJCPVU TQDWUVGU VTGORÃ…U RCT KPFWEVKQP FWTGVÃ… F GPX *4% â– DWVQKT HQTIÃ… CXGE COQTVKUUGWT EQPHQTVCDNG â– CEEÄU HCEKNKVÃ… IT¾EG ¼ NC HQTOG VTÄU RNCVG FG NC \QPG VÆVG EJCTPKÄTG â– RQKIPÃ…GU EQWFÃ…GU GTIQPQOKSWGU RQWT WP VTCXCKN OQKPU HCVKIWCPV â– RQKIPÃ…GU DKEQNQTGU DK OCVKÄTG TQDWUVGU GV RGTOGVVCPV WPG DQPPG RTKUG GP OCKP â– TÃ…INCIG RTÃ…EKU RQUKVKQPU RCT XKU GZEGPVTKSWGU â– RWKUUCPEG FG EQWRG Ã…NGXÃ…G GV GHHQTV RJ[UKSWG TÃ…FWKV IT¾EG ¼ NC RCTHCKVG CFCRVCVKQP FG N CPING FG EQWRG GV FW TCRRQTV FG FÃ…OWNVKRNKECVKQP â– VÆVG EQWRCPVG XKUUÃ…G KPVGTEJCPIGCDNG â– O¾EJQKTGU CEKGT CW EJTQOG XCPCFKWO JCWVG RGTHQTOCPEG HQTIÃ… VTGORÃ… ¼ NoJWKNG â– EJCTPKÄTG CEKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… â– RQKIPÃ…GU VWDG FoCEKGT TGXÆVGOGPV RQWFTG GRQZ[ â– â–

.C HQTOG URÃ…EKCNG FG NC VÆVG FW EQWRG VTGKNNKU RGTOGV FG EQWRGT FGU CEKGTU FG EQPUVTWEVKQP ¼ RNCV

%CRCEKVÃ…U FG EQWRG 4Ã…H

'#0 OO 6ÆVG ITKUG CVTCOGPVKUÅG

2QKIPÅGU CXGE ICKPGU DK OCVKÄTG

*4% ´ OO

*4% ´ OO

*4% ´ OO

I

/¾EJQKTGU FG TGEJCPIG RQWT EQORNÄVG CXGE XKU

2+0%'5 %172#06'5

2KPEGU EQWRCPVGU FGXCPV RQWT DQWNQPU ¼ HQTVG FÅOWNVKRNKECVKQP &+0 +51

2WKUUCPVG EQORCEVG EQPHQTVCDNG ECRCEKVÅ FG EQWRG RNWU ÅNGXÅG GHHQTV PÅEGUUCKTG RNWU HCKDNG GV OGKNNGWTG OCPKRWNCVKQP SW CXGE FGU RKPEGU EQWRCPVGU FGXCPV VTCFKVKQPPGNNGU ■ RQWT VQWU NGU V[RGU FG HKN [ EQORTKU NC EQTFG ¼ RKCPQ ■ ECRCEKVÅ FG EQWRG RCTVKEWNKÄTGOGPV ÅNGXÅG IT¾EG ¼ WPG EJCTPKÄTG HQTVGOGPV FÅOWNVKRNKÅG ■ VTCPEJCPVU VTGORÅU RCT KPFWEVKQP FWTGVÅ F GPX *4% ■ #EKGT ÅNGEVTKSWG CW XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

85°

CXGE RQKIPÅGU GHHKNÅGU DKEQNQTGU DK OCVKÄTG UCPU EQN RQWT WPG OGKNNGWTG OCPKCDKNKVÅ GV WP VTCPURQTV RNWU HCEKNG CXGE ITCPFG UWTHCEG F CRRWK UWT NGU ICKPGU RQWT WPG OGKNNGWTG TÅRCTVKVKQP FG NC RTGUUKQP GV WP VTCXCKN RNWU CITÅCDNG

85°

%CRCEKVÅ FG EQWRG ÅNGXÅG OÆOG CXGE FG NC EQTFG ¼ RKCPQ

6TÄU RGTHQTOCPV FCPU NC EQPUVTWEVKQP FG ENÐVWTGU GV FG ITKNNCIGU

5GEVKQPPGOGPV RTCVKSWGOGPV ¼ TCU FGU DQWNQPU ENQWU GVE

%CRCEKVÅU FG EQWRG '#0 4ÅH

OO

85° 85°

2KPEG PQKTG CVTCOGPVKUÅG PQKTG CVTCOGPVKUÅG

6ÆVG RQNKG RQNKG

2QKIPÅGU ICKPÅGU GP RNCUVKSWG CXGE ICKPGU DK OCVKÄTG OKPEGU

2KPEGU EQWRCPVGU FG FGXCPV ¼ HQTVG FÅOWNVKRNKECVKQP

´ OO

´ OO ´ OO ´ OO I

CXGE VTCPEJCPVU RQWT HKNU FQWZ GV FWTU GV RQWT EQTFG ¼ RKCPQ RWKUUCPEG FG EQWRG ÅNGXÅG GV GHHQTV RJ[UKSWG TÅFWKV IT¾EG ¼ NC RQUKVKQP QRVKOCNG FG UGU VTCPEJCPVU GV ¼ UC FÅOWNVKRNKECVKQP ■ VTCPEJCPVU VTGORÅU RCT KPFWEVKQP FWTGVÅ F GPX *4% ■ #EKGT JCWVG RGTHQTOCPEG CW EJTQOG XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■ ■

&+0 +51

%CRCEKVÅU FG EQWRG 4ÅH

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2KPEG

6ÆVG

2QKIPÅGU

PQKTG CVTCOGPVKUÅG

RQNKG

ICKPÅGU GP RNCUVKSWG

EJTQOÅG

CXGE ICKPGU DK OCVKÄTG

´ OO ´ OO ´ OO ´ OO

I

2+0%'5 %172#06'5

2KPEGU EQWRCPVGU FG FGXCPV

(QTOG FG NC VÆVG RGTOGVVCPV FoQRVKOKUGT NGU OQWXGOGPVU NQTU FW UGTTCIG FW PyWF CW HGTTCKNNCIG

&+0 +51 CXGE VTCPEJCPVU RQWT HKNU FQWZ GV FWTU â– EQPXKGPV Ã…ICNGOGPV RQWT VQTUCFGT GV EQWRGT NGU HKNU ¼ NKICVWTGT â– VTCPEJCPVU VTGORÃ…U RCT KPFWEVKQP FWTGVÃ… F GPX *4% â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

(QTOG FG NC VÆVG RGTOGVVCPV FoQRVKOKUGT NGU OQWXGOGPVU NQTU FW UGTTCIG FW PyWF CW HGTTCKNNCIG

%CRCEKVÃ…U FG EQWRG '#0

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2KPEG

6ÆVG

2QKIPÃ…GU

PQKTG CVTCOGPVKUÃ…G

RQNKG

ICKPÃ…GU GP RNCUVKSWG

2KPEGU EQWRCPVGU FG FGXCPV

´ OO ´ OO ´ OO

I

CXGE VTCPEJCPVU RQWT HKNU FQWZ GV FWTU EQTFG ¼ RKCPQ OCKU CWUUK RQWT HKNU HKPU GP EWKXTG â– EJCTPKÄTG GPECUVTÃ…G â– VTCPEJCPVU VTGORÃ…U RCT KPFWEVKQP FWTGVÃ… F GPX *4% â– #EKGT JCWVG RGTHQTOCPEG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

RQWT OÃ…ECPKEKGPU &+0 +51

%CRCEKVÃ…U FG EQWRG 4Ã…H

'#0 OO

2KPEG

6ÆVG

2QKIPÃ…GU

PQKTG CVTCOGPVKUÃ…G

RQNKG

ICKPÃ…GU GP RNCUVKSWG

ICKPÃ…GU GP RNCUVKSWG

EJTQOÃ…G

´ OO

&KOGPUKQPU

# ´ OO ´ OO ´ OO OO

$ OO

& OO

% OO

I

21+&5 .174&5

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2QWT NGU GZRNQKVCPVU FG OKPGU NoCTTÆV FG NC RTQFWEVKQP PoGUV RCU WPG QRVKQP .oCDCVVC IG QW NoGZVTCEVKQP FQKV VQWTPGT JGWTGU RCT LQWT GV LQWTU RCT CP .GU UQNNKEKVC VKQPU GZVTÆOGU KORQUÃ…GU CWZ OCEJKPGU GV GPIKPU PG TGUVGPV RCU DKGP GPVGPFW UCPU EQPUÃ…SWGPEGU %oGUV RQWTSWQK FGU Ã…SWK RGU FoKPVGTXGPVKQP UG VKGPPGPV RTÆVGU JGWTGU UWT ¼ TGOÃ…FKGT ¼ VQWVG RCPPG &GU RKPEGU OWNVKRTKUGU -0+2': UoWVKNKUGPV RQWT TÃ…RCTGT XKVG GV DKGP FGU GPIKPU OK PKGTU FCPU NGU TÃ…IKQPU NGU RNWU JQUVKNGU FW OQPFG

2KPEG ENÃ… 2KPEGU OWNVKRTKUG GV %NÃ…U UGTTG VWDGU 2KPEGU ENÃ… 2KPEGU ENÃ… :. %NÃ… CLWUVCDNG 5OCTV )TKRŠ %QDTCŠ %QDTCŠ :. ::. %QDTCŠ OCVKE %QDTCŠ 3WKEM5GV %QDTC Š 8&' %QDTCŠ '5 2KPEG ¼ EQNNKGTU CWVQUGTTCPVU 2KPEG ¼ EQNNKGTU CWVQUGTTCPVU ¼ ETCP FoCTTÆV 2KPEG ¼ EQNNKGTU RQWT EQNNKGTU %NKEM #NNKICVQTŠ #NNKICVQTŠ :. 2KPEGU OWNVKRTKUG ¼ ETÃ…OCKNNÄTG 2KPEGU OWNVKRTKUG OKPKCVWTG ¼ ETÃ…OCKNNÄTG %NÃ…U UGTTG VWDGU ÂŒ %NÃ…U UGTTG VWDGU ÂŒ %NÃ…U UGTTG VWDGU GP ‡5— %NÃ…U UGTTG VWDGU GP ‡5— CXGE TÃ…INCIG TCRKFG 2KPEGU RQWT UKRJQPU GV EQPPGEVGWTU

4QDWUVGUUG Æ‚CDKNKVÃ… GV RWKUUCPEG s EoGUV RCT EGU RTQRTKÃ…VÃ…U SWG NGU RKPEGU OWNVKRTKUGU -0+2': UQPV GP EKTEWNCVKQP FCPU NGU FQOCKPGU FoWVKNKUCVKQP NGU RNWU FKXGTU s SWoKN UoCIKUUG FoKPUVCNNGT FGU VW[CWVGTKGU QW FG TÃ…RCTGT FGU GP IKPU FG EJCPVKGT

2+0%' %.Â¥

2KPEGU ENÃ… RKPEG GV ENÃ… ¼ NC HQKU

.GU O¾EJQKTGU NKUUGU RGWXGPV UK PÃ…EGUUCKTG UCKUKT CXGE WPG ITCPFG RTGUUKQP FG UGTTCIG VQWVGU NGU UWTHCEGU RCTCNNÄNGU FCPU NG FQOCKPG F QWXGTVWTG FQPPCPV CKPUK ¼ NC RKPEG ENÃ… FGU RQUUKDKNKVÃ…U F CRRNKECVKQP SWCUK KPHKPKGU| RCT GZ RQWT DNQECIGU RCT EQPVTG Ã…ETQW RTGUUCIG RQWT CEVKXGT N CFJÃ…TGPEG FGU EQNNGU FG EQPVCEV TQORTG NGU DQTFU FG ECTTGCWZ FG ECT TGNCIG QWXTKT NGU IQWNQVVGU FG E¾DNGU N WVKNKUGT EQOOG RGVKV Ã…VCW

&+0 +51

4GORNCEG VQWV WP LGW FG ENÃ…U RNCVGU OÃ…VTKSWGU GV GP RQWEGU /¾EJQKTGU NKUUGU OÃ…PCIGCPV NGU TQDKPGVVGTKGU EJTQOÃ…GU CW OQPVCIG QWVKN FG XKUUCIG TÃ…INCDNG EQPXKGPV CWUUK RCTHCKVGOGPV RQWT UCKUKT VGPKT RTGUUGT GV OGVVTG GP HQTOG â– RCU F GPFQOOCIGOGPV FGU DQTFU FGU TQDKPGVVGTKGU EJTQOÃ…GU IT¾EG ¼ WPG RTGUUKQP FGU O¾EJQKTGU UCPU LGW â– TÃ…INCIG ¼ OÆOG NC RKÄEG RCT UKORNG RTGUUKQP FW DQWVQP â– UCKUKG UCPU ¼ EQWRU FG VQWVGU NGU NCTIGWTU LWUSW ¼ NC ECRCEKVÃ… OCZKOCNG KPFKSWÃ…G IT¾EG ¼ UGU O¾EJQKTGU RCTCNNÄNGU â– GPENKSWGVCIG U×T FG N CZG F CTVKEWNCVKQP RCU FG FÃ…TÃ…INCIG CEEKFGPVGN â– NC EQWTUG GPVTG NGU O¾EJQKTGU RGTOGV WP UGTTCIG GV WP FGUUGTTCIG TCRKFGU UGNQP NG RTKPEKRG FW ENKSWGV â– HQTEG FG UGTTCIG Ã…NGXÃ…G IT¾EG ¼ WPG VTCPUOKUUKQP FG HQTEG OCPWGNNG OWNVKRNKÃ…G RCT â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

.QPIWGWT OO NC RKPEG ENÃ… OKPKCVWTG RQWT NGU VTCXCWZ FG OÃ…ECPKSWG FG RTÃ…EKUKQP EQPXKGPV RCTVKEWNKÄTGOGPV CWZ VTCXCWZ UWT RGVKVU DQWNQPU VTÄU DQPPG CEEGUUKDKNKVÃ… FCPU NGU GURCEGU VTÄU GZKIWU .QPIWGWT OO NC RKPEG ENÃ… OKPKCVWTG RQWT NGU VTCXCWZ FG OÃ…ECPKSWG FG RTÃ…EKUKQP ENÃ… WPKXGTUGNNG KFÃ…CNG GP HQTOCV FG RQEJG N Ã…NÃ…OGPV KPFKURGPUCDNG FCPU XQVTG VTQWUUG ¼ QWVKNU .QPIWGWT OO CXGE O¾EJQKTGU Ã…VTQKVGU s RQWT NGU QRÃ…TCVKQPU FG UGTTCIG SWK GZKIGPV WP QWVKN GHHKNÃ…

2KPEG ENÅ RTGUUKQP UWRGTHKEKGNNG UCPU LGW RCU F GPFQOOCIGOGPV FGU CTÆVGU

%NÅ TÅINCDNG UVCPFCTF ÅZGTEGT WPG RTGUUKQP UWT NGU CTÆVGU NGU GPFQOOCIG

4Ã…INCIG TCRKFG RCT RTGUUKQP FW DQWVQP

2+0%' %.Â¥

2KPEG ENÅ OKPKCVWTG %QPXKGPV RCTVKEWNKÄTGOGPV CWZ VTCXCWZ UWT RGVKVU DQWNQPU 6TÄU DQPPG CEEGUUKDKNKVÅ FCPU NGU GURCEGU VTÄU GZKIWU

)TCPFGWT PCVWTG

2QWT TQDKPGVVGTKGU EJTQOÃ…GU UCPU GPFQOOCIGT NC UWTHCEG

4GORNCEG VQWV WP LGW FG ENÃ…U RNCVGU OÃ…VTKSWGU GV GP RQWEGU

+FÃ…CNG RQWT NGU VTCXCWZ FG RNKCIG

&KOGPUKQPU 4Ã…H

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2KPEG

2QKIPÃ…GU

EJTQOÃ…G

ICKPÃ…GU GP RNCUVKSWG

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

2QWEGU

OO

2QUKVKQPU FG TÃ…INCIG

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$ OO

$ OO

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2+0%' %.Â¥ :.

2KPEG ENÃ… :.

.oQWVKN FG OQPVCIG WPKSWG GP UQP IGPTG FÃ…UQTOCKU FKURQPKDNG GP NQPIWGWT FG |OO

RKPEG GV ENÃ… ¼ NC HQKU

2QWT FKCOÄVTGU CNNCPV LWUSWo¼ OO

&+0 +51 EQPXKGPV CWUUK RCTHCKVGOGPV RQWT UCKUKT VGPKT RTGUUGT GV OGVVTG GP HQTOG â– CFCRVCVKQP QRVKOCNG ¼ NC RKÄEG VQWV GP OCKPVGPCPV WPG RQUKVKQP EQOOQFG FGU RQKIPÃ…GU â– GPENKSWGVCIG U×T FG NoCZG FoCTVKEWNCVKQP RCU FG FÃ…TÃ…INCIG CEEKFGPVGN â– HQTEG FG UGTTCIG Ã…NGXÃ…G IT¾EG ¼ WPG VTCPUOKUUKQP FG HQTEG OCPWGNNG OWNVKRNKÃ…G RCT â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

QWVKN FG XKUUCIG TÃ…INCDNG s TGORNCEG FKXGTUGU ITCPFGU ENÃ…U EQ×VGWUGU UCKUKG UCPU ¼ EQWRU FG VQWVGU NGU NCTIGWTU LWUSW ¼ NC ECRCEKVÃ… OCZKOCNG KPFKSWÃ…G IT¾EG ¼ UGU O¾EJQKTGU RCTCNNÄNGU O¾EJQKTGU NKUUGU RGTOGVVCPV FG TÃ…CNKUGT GP NGU OÃ…PCIGCPV FGU CUUGODNCIGU XKUUÃ…U FG JCWVG SWCNKVÃ… GP NCKVQP DTQP\G KPQZ QW OCVÃ…TKCWZ EJTQOÃ…U

RCU FoGPFQOOCIGOGPV FGU DQTFU FGU TQDKPGVVGTKGU EJTQOÃ…GU IT¾EG ¼ WPG RTGUUKQP FGU O¾EJQKTGU UCPU LGW NC EQWTUG GPVTG NGU O¾EJQKTGU RGTOGV WP UGTTCIG GV WP FGUUGTTCIG TCRKFGU UGNQP NG RTKPEKRG FW ENKSWGV

TÃ…INCIG ¼ OÆOG NC RKÄEG RCT UKORNG RTGUUKQP FW DQWVQP

6ÆVG FG NC RKPEG 6CKNNG QTKIKPCNG

&KOGPUKQPU 4Ã…H

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2KPEG EJTQOÃ…G

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG

2QWEGU

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2QUKVKQPU FG TÃ…INCIG

$ OO

$ OO

$ OO

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2+0%'5 /7.6+24+5'

%NÃ… CLWUVCDNG

.C PQWXGNNG ENÃ… CLWUVCDNG -0+2': TÃ…WPKV NGU CXCPVCIGU F WP TÃ…INCIG ¼ OÆOG NC RKÄEG RCT UKORNG RTGUUKQP F WP DQWVQP ¼ EGWZ F WPG ENÃ… WPKXGTUGNNG GV CLWUVCDNG .oCDUGPEG VQVCNG FG LGW Ã…XKVG FG INKUUGT QW FoCTTQPFKT NC VÆVG FGU DQWNQPU /ÆOG NGU DQWNQPU TQWKNNÃ…U QW GPFWKVU GORÆEJCPV WPG RTÃ…JGPUKQP HKCDNG CXGE WPG ENÃ… UVCPFCTF RGWXGPV ÆVTG FGUUGTTÃ…U RCT NGU O¾EJQKTGU RWKUUCPVGU FG NC PQWXGNNG ENÃ… CLWUVCDNG -0+2':

&+0 +51

RQWT Ã…ETQWU GV XKU OÃ…VTKSWGU GV GP RQWEGU CXGE WPG QWXGTVWTG FG ENÃ… FG ¼ |OO ¼ | CWVQDNQSWCPVG ¼ RCTVKT FG |OO PG INKUUG RCU UWT NC RKÄEG â– UCKUKV RCTHCKVGOGPV NGU VÆVGU FG DQWNQPU JGZCIQPCNGU GP FKOGPUKQPU OÃ…VTKSWGU GV GP RQWEGU P CTTQPFKV RCU NGU VÆVGU FG DQWNQPU â– UCKUKG HGTOG GV U×TG OÆOG F Ã…ETQWU GV FG XKU CTTQPFKU TQWKNNÃ…U QW GPFWKVU â– KFÃ…CN RQWT NGU VTCXCWZ TÃ…CNKUÃ…U UWT NGU HTGKPU FG XÃ…JKEWNGU CWVQOQDKNGU â– UGTTCIG GV FGUUGTTCIG TCRKFGU FG TCEEQTFU XKUUÃ…U UGNQP WP RTKPEKRG FG ENKSWGV â– TÃ…INCIG ¼ OÆOG NC RKÄEG RCT UKORNG RTGUUKQP F WP DQWVQP Ã…ICNGOGPV RQUUKDNG F WPG UGWNG OCKP â– TÃ…INCIG RTÃ…EKU RQWT WP CLWUVCIG RCTHCKV ¼ FKHHÃ…TGPVGU VCKNNGU FG RKÄEGU GV RQKIPÃ…GU GTIQPQOKSWGU â– EJCTPKÄTG GPVTGRCUUÃ…G ITCPFG UVCDKNKVÃ… IT¾EG CW FQWDNG IWKFCIG â– GPENKSWGVCIG U×T FG N CZG F CTVKEWNCVKQP RCU FG FÃ…TÃ…INCIG CEEKFGPVGN â– GHHGV FG NGXKGT RTCVKSWG GHHQTV CORNKHKÃ… QRVKOCN â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– TGORNCEG WP LGW EQORNGV FG ENÃ…U KFÃ…CN RQWT DNQSWGT RCT EQPVTÃ…ETQW â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

#WVQDNQSWCPVG PG INKUUG RCU UWT NC RKÄEG GHHQTV PÅEGUUCKTG TÅFWKV

'HHKECEG UWT Ã…ETQWU TQWKNNÃ…U GV CTTQPFKU

4Ã…INCIG FG RTÃ…EKUKQP RCT UKORNG RTGUUKQP FW DQWVQP TCRKFG GV EQPHQTVCDNG

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2KPEG ITKUG CVTCOGPVKUÃ…G

6ÆVG RQNKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV

-0+2': 5OCTV)TKRŠ

2QWEGU OO

2QUKVKQPU FG TÃ…INCIG I

#XGE NC -0+2': 5OCTV)TKRŠ NG TÃ…INCIG RGTOGVVCPV F CLWUVGT N QWVKN ¼ NC RKÄEG UG HCKV CWVQOCVKSWGOGPV 2QUKVKQPPG\ NC RKPEG RTGUUG\ NGU RQKIPÃ…GU E GUV RTÆV

2KPEG OWNVKRTKUG ¼ TÃ…INCIG CWVQOCVKSWG &+0 +51

KFÃ…CN RQWT NG RCUUCIG HTÃ…SWGPV F WPG VCKNNG FG RKÄEG ¼ N CWVTG TÃ…INCIG CWVQOCVKSWG F WPG UGWNG OCKP RQWT FTQKVKGT GV ICWEJGT â– DQP CEEÄU ¼ NC RKÄEG IT¾EG ¼ NC HQTOG GHHKNÃ…G FG NC \QPG VÆVG EJCTPKÄTG GV CZG F CTVKEWNCVKQP CHHNGWTCPV â– CWVQDNQSWCPVG UWT VWDGU GV Ã…ETQWU PG INKUUG RCU UWT NC RKÄEG VTCXCKN PÃ…EGUUKVCPV OQKPU F GHHQTV â– KPVÃ…TKGWT FGU O¾EJQKTGU ¼ FGPVU URÃ…EKCNGOGPV VTGORÃ…GU FWTGVÃ… F GPX *4% UGTTCIG U×T IT¾EG ¼ WPG ITCPFG TÃ…UKUVCPEG ¼ N WUWTG â– EJCTPKÄTG GPVTGRCUUÃ…G ITCPFG UVCDKNKVÃ… IT¾EG CW FQWDNG IWKFCIG â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– NGXKGT FG XGTTQWKNNCIG RGTOGVVCPV WP GPEQODTGOGPV TÃ…FWKV NQTU FW VTCPURQTV GV WPG HGTOGVWTG U×TG FGU RQKIPÃ…GU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

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2KPEG ITKUG CVTCOGPVKUÃ…G

6ÆVG RQNKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV

´ 2QWEGU

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2+0%'5 /7.6+24+5'

-0+2': %QDTCŠ 2KPEGU OWNVKRTKUG FG RQKPVG

-0+2': %QDTCŠ NC RKPEG OWNVKRTKUG FG RQKPVG (KPKU NGU GUUCKU KPVGTOKPCDNGU RQWT VTQWXGT NC DQPPG QWXGTVWTG +N UWHHKV ¼ RTÃ…UGPV FG RQUKVKQPPGT NC O¾EJQKTG UWRÃ…TKGWTG UWT NC RKÄEG F CRRW[GT UWT NG DQWVQP GV FG OGVVTG NC O¾EJQKTG KPHÃ…TKGWTG GP RNCEG E GUV F WPG IÃ…PKCNG UKORNKEKVÃ…

&+0 +51

TÃ…INCIG ¼ OÆOG NC RKÄEG RCT UKORNG RTGUUKQP FW DQWVQP TÃ…INCIG RTÃ…EKU RQWT WP CLWUVCIG RCTHCKV ¼ FKHHÃ…TGPVGU VCKNNGU FG RKÄEGU GV RQKIPÃ…GU GTIQPQOKSWGU â– CWVQDNQSWCPVG UWT VWDGU GV Ã…ETQWU PG INKUUG RCU UWT NC RKÄEG VTCXCKN PÃ…EGUUKVCPV OQKPU F GHHQTV â– KPVÃ…TKGWT FGU O¾EJQKTGU ¼ FGPVU URÃ…EKCNGOGPV VTGORÃ…GU FWTGVÃ… F GPX *4% UGTTCIG U×T IT¾EG ¼ WPG ITCPFG TÃ…UKUVCPEG ¼ N WUWTG â– EJCTPKÄTG GPVTGRCUUÃ…G ITCPFG UVCDKNKVÃ… IT¾EG CW FQWDNG IWKFCIG â– GPENKSWGVCIG U×T FG N CZG F CTVKEWNCVKQP RCU FG FÃ…TÃ…INCIG CEEKFGPVGN â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

CXGE RQKIPÅGU GHHKNÅGU DKEQNQTGU DK OCVKÄTG UCPU EQN RQWT WPG OGKNNGWTG OCPKCDKNKVÅ GV WP VTCPURQTV RNWU HCEKNG

4Ã…INCIG FG RTÃ…EKUKQP RCT UKORNG RTGUUKQP FW DQWVQP TCRKFG GV EQPHQTVCDNG

4Ã…INCIG TCRKFG GV RTÃ…EKU ¼ OÆOG NC RKÄEG

2+0%'5 /7.6+24+5'

/KPK %QDTC

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1WVKN CW HQTOCV FG RQEJG GPVKÄTGOGPV HQPEVKQPPGN %CRCEKVÃ… FG ´ OO

)TCPFGWT PCVWTG

.GU FGPVWTGU QTKGPVÅGU FCPU NG UGPU KPXGTUG FG NC TQVCVKQP GPVTCÊPGPV WP GHHGV CWVQDNQSWCPV GV GORÆEJGPV VQWV INKUUGOGPV UWT NC RKÄEG

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2KPEG

6ÆVG

2QKIPÃ…GU

ITKUG CVTCOGPVKUÃ…G

RQNKG

ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV

ITKUG CVTCOGPVKUÃ…G

RQNKG

CXGE ICKPGU DK OCVKÄTG CXGE ICKPGU DK OCVKÄTG OKPEGU CXGE ICKPGU DK OCVKÄTG

EJTQOÃ…G

EJTQOÃ…G

ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV

CXGE ICKPGU DK OCVKÄTG OKPEGU CXGE ICKPGU DK OCVKÄTG

´ 2QWEGU

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2QUKVKQPU FG TÃ…INCIG

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2+0%'5 /7.6+24+5'

-0+2': %QDTC :. ::.

.GU RKPEGU -0+2': %QDTC :. GV ::. HQWTPKUUGPV NC RGTHQTOCPEG GV NG EQPHQTV F WPG RKPEG OWNVKRTKUG OCKU RNWU NÅIÄTGU GV CXGE WPG ECRCEKVÅ FG RTÅJGPUKQP RNWU ÅNGXÅG SWG FGU ENÅU UGTTG VWDGU EQORCTCDNGU .C RKPEG %QDTC :. RGTOGV RCT GZ FG UCKUKT WP TCEEQTF XKUUÅ FG GV TGUVG ¼ OQKVKÅG OQKPU NQWTFG SW WPG ENÅ UGTTG VWDGU FKURQUCPV F WPG ECRCEKVÅ FG RTÅJGPUKQP DGCWEQWR RNWU HCKDNG & WPG NQPIWGWT RTCVKSWG FG |OO NC %QDTC :. GUV GP RNWU UWHHKUCOOGPV EQORCEVG RQWT VTQWXGT UC RNCEG FCPU NGU OCNNGVVGU ¼ QWVKNU FGU KPUVCNNCVGWTU )T¾EG ¼ UC ECRCEKVÅ OCZ FG NC %QDTC ::. FKURQUG F WPG KORQTVCPVG TÅUGTXG FG RTÅJGPUKQP VQWV GP RGUCPV CWVCPV SW WPG ENÅ UGTTG VWDGU FG

%NÅU UGTTG VWDGU GV RKPEGU OWNVKRTKUG &+0 +51

RNWU ITCPF FÅDCVVGOGPV CXGE WP RQKFU DGCWEQWR RNWU HCKDNG SWG FGU ENÅU UGTTG VWDGU EQORCTCDNGU ■ TÅINCIG TCRKFG ¼ OÆOG NC RKÄEG RCT UKORNG RTGUUKQP FW DQWVQP RCU FG INKUUGOGPV KPQRKPÅ FG NC EJCTPKÄTG ■ TÅINCIG RTÅEKU RQWT WP CLWUVCIG RCTHCKV ¼ FKHHÅTGPVGU VCKNNGU FG RKÄEGU GV RQKIPÅGU GTIQPQOKSWGU ■ CWVQDNQSWCPVG UWT VWDGU GV ÅETQWU PG INKUUG RCU UWT NC RKÄEG VTCXCKN PÅEGUUKVCPV OQKPU F GHHQTV ■ KPVÅTKGWT FGU O¾EJQKTGU ¼ FGPVU URÅEKCNGOGPV VTGORÅGU FWTGVÅ F GPX *4% UGTTCIG U×T IT¾EG ¼ WPG ITCPFG TÅUKUVCPEG ¼ N WUWTG ■ EJCTPKÄTG GPVTGRCUUÅG ITCPFG UVCDKNKVÅ IT¾EG CW FQWDNG IWKFCIG ■ GTIQV FG RTQVGEVKQP ÅXKVCPV NGU RKPEGOGPVU ■ #EKGT ÅNGEVTKSWG CW EJTQOG XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

%QDTC :. CXGE ÅETQW TCEEQTF RQWT TCEEQTF XKUUÅ FG HQTEG FG RTÅJGPUKQP ÅNGXÅG FG |OO PÅEGUUKVCPV WP UGTTG VWDGU

%NÅ UGTTG VWDGU .QPIWGWT FG OO 2QKFU FG I

%QDTC :. .QPIWGWT FG OO 2QKFU FG I

RNWU RGVKVG GV RNWU NÅIÄTG SW WPG ENÅ UGTTG VWDGU FG

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2KPEG ITKUG CVTCOGPVKUÅG ITKUG CVTCOGPVKUÅG

6ÆVG RQNKG RQNKG

HQTEG FG RTÅJGPUKQP FÅRCUUÅG| WPG UCKUKG U×TG P GUV RNWU RQUUKDNG

2QKIPÅGU ICKPÅGU GP RNCUVKSWG ICKPÅGU GP RNCUVKSWG

´ 2QWEGU

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2QUKVKQPU FG TÅINCIG

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2+0%'5 /7.6+24+5'

-0+2': %QDTCŠ OCVKE 2KPEG OWNVKRTKUG

â–

OÆOGU ECTCEVÅTKUVKSWGU SWG NC %QDTCŠ -0+2':

2CTVKEWNCTKVÃ… â– TÃ…INCIG CWVQOCVKSWG ¼ OÆOG NC RKÄEG RCT UKORNG RTGUUKQP FW DQWVQP â– IT¾EG ¼ UQP TGUUQTV RTQVÃ…IÃ… NC RKPEG UG HGTOG F WP UGWN EQWR NQTUSWG N QP CRRWKG UWT NG DQWVQP

RTKUG ¼ WPG UGWNG OCKP

&+0 +51

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2KPEG

ITKUG CVTCOGPVKUÃ…G

6ÆVG

2QKIPÃ…GU

RQNKG

ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV

´ 2QWEGU

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2QUKVKQPU FG TÃ…INCIG

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4GUUQTV FG TGEJCPIG RQWT

-0+2': %QDTCŠ 3WKEM5GV

1WXTKT KPVÃ…ITCNGOGPV HCKTG EQWNKUUGT UGTTGT

2KPEGU OWNVKRTKUG FG RQKPVG

4Ã…INCIG TCRKFG CFFKVKQPPGN ¼ OÆOG NC RKÄEG RCT EQWNKUUGOGPV C NNKG NoGPENGPEJGOGPV Ã…RTQWXÃ… GV U×T FG NoCZG FoCTVKEWNCVKQP ¼ WPG HQPEVKQP CFFKVKQPPGNNG FG EQWNKUUGOGPV HCEKNKVCPV NG VTCXCKN GP GURCEGU VTÄU TGUVTGKPVU GV KPCEEGUUKDNGU â– NG TÃ…INCIG ¼ OÆOG NC RKÄEG UoQRÄTG RCT UKORNG EQWNKUUGOGPV â– GPENGPEJGOGPV GP VQWVG UÃ…EWTKVÃ… FG NoCZG FoCTVKEWNCVKQP CW RTGOKGT GHHQTV GZGTEÃ… .oQWXGTVWTG FG NC RKPEG GUV GPUWKVG XGTTQWKNNÃ…G GV PG RGWV RNWU ÆVTG OQFKHKÃ…G SWG RCT RTGUUKQP UWT NG DQWVQP â– RQWT TÃ…CEVKXGT NC HQPEVKQP FG EQWNKUUGOGPV NoCZG FoCTVKEWNCVKQP FQKV ÆVTG FÃ…UGPENGPEJÃ… RCT RTGUUKQP UWT NG DQWVQP GV NC RKPEG ÆVTG QWXGTVG WPG HQKU KPVÃ…ITCNGOGPV â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

3WCNKVÃ…U Ã…RTQWXÃ…GU FG NC %QDTCŠ Ŷ CWVQDNQSWCPVG UWT VWDGU GV Ã…ETQWU PG INKUUG RCU UWT NC RKÄEG

VTCXCKN PÃ…EGUUKVCPV OQKPU F GHHQTV Ŷ TÃ…INCIG RTÃ…EKU RQWT WP CLWUVCIG RCTHCKV ¼ FKHHÃ…TGPVGU VCKNNGU

FG RKÄEGU GV RQKIPÅGU GTIQPQOKSWGU

#RRW[GT UWT NG DQWVQP s QWXTKT KPVÃ…ITCNGOGPV NC RKPEG

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2QUGT NC O¾EJQKTG UWT NC RKÄEG s HCKTG UKORNGOGPV EQWNKUUGT NC RKPEG

2KPEG ITKUG CVTCOGPVKUÃ…G ITKUG CVTCOGPVKUÃ…G

#ZG FoCTVKEWNCVKQP UoGPENGPEJCPV ¼ NoGZGTEKEG FoWP GHHQTV

2QKIPÅGU ICKPÅGU GP RNCUVKSWG CPVKFÅTCRCPV CXGE ICKPGU DK OCVKÄTG

´ 2QWEGU

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2QUKVKQPU FG TÃ…INCIG

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2+0%'5 /7.6+24+5'

-0+2': %QDTCŠ 8&'

TÃ…INCIG RCT INKUUGOGPV FG NC O¾EJQKTG ¼ OÆOG NC RKÄEG OCPKGOGPV TCRKFG HKCDNG GV EQPHQTVCDNG â– QWXGTVWTG GP CRRW[CPV UWT NG DQWVQP UCPU EQPVCEV CXGE NC RKÄEG â– TÃ…INCIG RTÃ…EKU RQWT WP CLWUVCIG RCTHCKV ¼ FKHHÃ…TGPVGU VCKNNGU FG RKÄEGU GV RQKIPÃ…GU GTIQPQOKSWGU â– DQP CEEÄU ¼ NC RKÄEG IT¾EG ¼ NC HQTOG GHHKNÃ…G FG NC \QPG VÆVG EJCTPKÄTG â– CWVQDNQSWCPVG UWT VWDGU GV Ã…ETQWU PG INKUUG RCU UWT NC RKÄEG VTCXCKN PÃ…EGUUKVCPV OQKPU F GHHQTV â– KPVÃ…TKGWT FGU O¾EJQKTGU ¼ FGPVU URÃ…EKCNGOGPV VTGORÃ…GU FWTGVÃ… F GPX *4% UGTTCIG U×T IT¾EG ¼ WPG ITCPFG TÃ…UKUVCPEG ¼ N WUWTG â– EJCTPKÄTG GPVTGRCUUÃ…G ITCPFG UVCDKNKVÃ… IT¾EG CW FQWDNG IWKFCIG â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

2KPEG OWNVKRTKUG FG RQKPVG KUQNÃ…G &+0 +51 +'% &+0 '0

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2KPEG

2QKIPÃ…GU

EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

-0+2': %QDTCŠ '5

(QTOG VTÄU GHHKNÃ…G FG VQWVG NC \QPG VÆVG EJCTPKÄTG RCT TCRRQTV ¼ WPG RKPEG OWNVKRTKUG UVCPFCTF

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ITKUG CVTCOGPVKUÃ…G

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2QUKVKQPU FG TÃ…INCIG

I

KFÃ…CNG RQWT NGU VTCXCWZ F GPVTGVKGP GV FG OCKPVGPCPEG NGU TÃ…RCTCVKQPU F CRRCTGKNU NGU FQOCKPGU FG NoCWVQOQDKNG GV FG N KPFWUVTKG â– DGEU RQKPVWU NQPIU â– CEEÄU ¼ NC RKÄEG RCTVKEWNKÄTGOGPV DQP IT¾EG ¼ NC HQTOG VTÄU GHHKNÃ…G FG VQWVG NC \QPG VÆVG EJCTPKÄTG â– UCKUKG U×TG OÆOG FG RKÄEGU RNCVGU IT¾EG ¼ WP UGTTCIG GP VTQKU RQKPVU â– TÃ…INCIG ¼ OÆOG NC RKÄEG RCT UKORNG RTGUUKQP FW DQWVQP â– TÃ…INCIG RTÃ…EKU RQWT WP CLWUVCIG RCTHCKV ¼ FKHHÃ…TGPVGU VCKNNGU FG RKÄEGU GV RQKIPÃ…GU GTIQPQOKSWGU â– CWVQDNQSWCPVG UWT VWDGU GV Ã…ETQWU PG INKUUG RCU UWT NC RKÄEG VTCXCKN PÃ…EGUUKVCPV OQKPU F GHHQTV â– EJCTPKÄTG GPVTGRCUUÃ…G ITCPFG UVCDKNKVÃ… IT¾EG CW FQWDNG IWKFCIG â– GPENKSWGVCIG U×T FG N CZG F CTVKEWNCVKQP RCU FG FÃ…TÃ…INCIG CEEKFGPVGN â– GHHGV FG NGXKGT RTCVKSWG GHHQTV CORNKHKÃ… QRVKOCN â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG

&+0 +51

'#0

´ OO

â–

2KPEG OWNVKRTKUG WNVTC GHHKNÃ…G

´ 2QWEGU

#EEÄU QRVKOCN ¼ NC RKÄEG +FÃ…CNG RQWT NGU VTCXCWZ F GPVTGVKGP GV FG OCKPVGPCPEG NGU TÃ…RCTCVKQPU F CRRCTGKNU NGU FQOCKPGU FG NoCWVQOQDKNG GV FG N KPFWUVTKG

6ÆVG

2QKIPÃ…GU

RQNKG

ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV

´ 2QWEGU ´ OO

OO

5GTTCIG FGU DQWNQPU F WPG VCKNNG OCZ FG OO

2TQHQPFGWT 1WXGTVWTG RCTCNNÄNG OCZ FG UGTTCIG OCZ GP OO GP OO

2QUKVKQPU FG TÃ…INCIG

I

2+0%'5 /7.6+24+5'

2KPEG ¼ EQNNKGTU CWVQUGTTCPVU

7PG UGWNG RKPEG RQWT DCIWGU GV EQNNKGTU CWVQUGTTCPVU FG FKH HÃ…TGPVGU VCKNNGU CNNCPV LWUSWo¼ OO 5oCFCRVG ¼ PoKORQTVG SWGNNG RQUKVKQP RCT KPUGTVU FG RTÃ…JGPUKQP QTKGPVCDNGU #UUWTG PÃ…CPOQKPU WPG RCTHCKVG RTKUG FGU EQNNKGTU FCPU NC RKPEG &1/#+0'5 &o76+.+5#6+10 &#05 .o#761/1$+.' CFOKUUKQP TGHTQKFKUUGOGPV UWTCNKOGPVCVKQP TGVQWT FoGCW VJGTOQUVCV ECTDWTCPV EJCWHHCIG

#

KPUGTVU FG RTÃ…JGPUKQP WPKXGTUGNU QTKGPVCDNGU CUUWTCPV WPG RCTHCKVG RTKUG FGU EQNNKGTU FCPU PoKORQTVG SWGNNG RQUKVKQP â– GZVTÆOGOGPV DQPPG FÃ…OWNVKRNKECVKQP RGTOGVVCPV FoQWXTKT NGU EQNNKGTU UCPU ITCPF GHHQTV GV GP VQWVG UÃ…EWTKVÃ… â– TÃ…INCIG 3WKEM 5GV 4Ã…INCIG RCT INKUUGOGPV FKTGEV UWT NC RKÄEG â– VÆVG Ã…NCPEÃ…G FG HCKDNG NCTIGWT KPUGTVU FG RTÃ…JGPUKQP QTKGPVCDNGU NoQWVKN KFÃ…CN RQWT VTCXCKNNGT GP GURCEGU GZKIWU â– WVKNKUCDNG RQWT VQWV V[RG FG DCIWG QW EQNNKGT CWVQUGTTCPV DCPFG QW HKN ¼ RCVVGU UVCPFCTF QW TCDCVVWGU â– QWXGTVWTG OCZKOCNG FGU O¾EJQKTGU LWUSWo¼ OO RNWU FG OO FG OCTIG FG UGTTCIG â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

.C SWCNKVÃ… Ã…RTQWXÃ…G FGU RKPEGU OWNVKRTKUG %QDTCŠ CWUUK RQWT NC RKPEG ¼ EQNNKGTU CWVQUGTTCPVU -0+2': Ã…EQPQOKG FG HQTEG RCT WP GZEGNNGPV TCRRQTV FG FÃ…OWNVKRNKECVKQP GTIQV FG RTQVGEVKQP FG RTGOKÄTG ENCUUG Ŷ RTKUG U×TG VQWV GP OCKPVGPCPV WPG RQUKVKQP EQOOQFG FGU RQKIPÃ…GU Ŷ TÃ…INCIG RTÃ…EKU RQWT CFCRVCVKQP QRVKOCNG CWZ VCKNNGU FG EQNNKGTU NGU RNWU FKXGTUGU Ŷ QWXGTVWTG TCRKFG RCT UKORNG RTGUUKQP FoWP DQWVQP Ŷ EJCTPKÄTG GPVTGRCUUÃ…G ITCPFG UVCDKNKVÃ… IT¾EG CW FQWDNG IWKFCIG Ŷ Ŷ

4Ã…H #

'#0 OO

#

2KPEG ITKUG CVTCOGPVKUÃ…G

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV

2QUKVKQPU FG %CRCEKVÃ… TÃ…INCIG I OCZ OO

#UUQTVKOGPV FG TGEJCPIG KPUGTVU FG RTÃ…JGPUKQP RQWT # #(

2+0%'5 /7.6+24+5'

2KPEG ¼ EQNNKGTU CWVQUGTTCPVU ¼ ETCP FoCTTÆV

%TCP FoCTTÆV RGTOGVVCPV FG VTCXCKNNGT UCPU ITCPF GHHQTV GV GP VQWVG UÃ…EWTKVÃ… UWT WP EQNNKGT UGTTÃ… &Ã…XGTTQWKNNCIG ¼ WPG OCKP KPUGTVU FG RTÃ…JGPUKQP WPKXGTUGNU QTKGPVCDNGU CUUWTCPV WPG RCTHCKVG RTKUG FGU EQNNKGTU FCPU PoKORQTVG SWGNNG RQUKVKQP â– GZVTÆOGOGPV DQPPG FÃ…OWNVKRNKECVKQP RGTOGVVCPV FoQWXTKT NGU EQNNKGTU UCPU ITCPF GHHQTV GV GP VQWVG UÃ…EWTKVÃ… â– TÃ…INCIG 3WKEM 5GV 4Ã…INCIG RCT INKUUGOGPV FKTGEV UWT NC RKÄEG â– VÆVG Ã…NCPEÃ…G FG HCKDNG NCTIGWT KPUGTVU FG RTÃ…JGPUKQP QTKGPVCDNGU NoQWVKN KFÃ…CN RQWT VTCXCKNNGT GP GURCEGU GZKIWU â– WVKNKUCDNG RQWT VQWV V[RG FG DCIWG QW EQNNKGT CWVQUGTTCPV DCPFG QW HKN ¼ RCVVGU UVCPFCTF QW TCDCVVWGU â– QWXGTVWTG OCZKOCNG FGU O¾EJQKTGU LWUSWo¼ OO RNWU FG OO FG OCTIG FG UGTTCIG â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

#(

4Ã…H #(

'#0 OO

#

2KPEG ITKUG CVTCOGPVKUÃ…G

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV

#UUQTVKOGPV FG TGEJCPIG KPUGTVU FG RTÃ…JGPUKQP RQWT # #(

2QUKVKQPU FG %CRCEKVÃ… TÃ…INCIG I OCZ OO

2+0%'5 /7.6+24+5'

2KPEG ¼ EQNNKGTU

2QWT QWXGTVWTG GV HGTOGVWTG FG EQNNKGTU %NKEM

RQWT EQNNKGTU %NKEM

KPUGTVU FG RTÃ…JGPUKQP QTKGPVCDNGU CUUWTCPV WP CEVKQPPGOGPV U×T FGU EQNNKGTU FCPU PoKORQTVG SWGNNG RQUKVKQP â– DQPPG FÃ…OWNVKRNKECVKQP RGTOGVVCPV FoQWXTKT GV FG TGHGTOGT NGU EQN NKGTU UCPU ITCPF GHHQTV GV GP VQWVG UÃ…EWTKVÃ… â– RQWT VTCXCKNNGT EQPHQTVCDNGOGPV RCT GZGORNG UWT VW[CWZ FG ECTDWTCPV EQPFWKVGU ¼ FÃ…RTGUUKQP GV VQWVGU UQTVGU FG FWTKVGU â– HQPEVKQP UWRRNÃ…OGPVCKTG FGUUGTTCIG CXGE OÃ…PCIGOGPV FGU VW[CWZ IT¾EG ¼ NC O¾EJQKTG FGPVGNÃ…G â– VÆVG Ã…NCPEÃ…G FG HCKDNG NCTIGWT KPUGTVU FG RTÃ…JGPUKQP QTKGPVCDNGU NoQWVKN KFÃ…CN RQWT VTCXCKNNGT GP GURCEGU GZKIWU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

%

#XCPVCIGU Ã…RTQWXÃ…U FG NC %QDTCŠ UWT NC RKPEG ¼ EQNNKGTU Ŷ GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU Ŷ RTKUG U×TG VQWV GP OCKPVGPCPV WPG RQUKVKQP EQOOQFG FGU RQKIPÃ…GU Ŷ EJCTPKÄTG GPVTGRCUUÃ…G ITCPFG UVCDKNKVÃ… IT¾EG CW FQWDNG IWKFCIG /¾EJQKTG FGPVGNÃ…G HCEKNKVCPV NG FGUUGTCIG FG VW[CWZ

4Ã…H %

'#0 OO

%

2KPEG ITKUG CVTCOGPVKUÃ…G

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV

I

#UUQTVKOGPV FG TGEJCPIG KPUGTVU FG RTÃ…JGPUKQP RQWT %

2+0%'5 /7.6+24+5'

-0+2': #NNKICVQTŠ 2KPEGU OWNVKRTKUG

2NWU FG RGTHQTOCPEG GV FG EQPHQTV SWoCXGE FGU RKPEGU OWNVKRTKUG UVCPFCTF FG NC OÆOG NQPIWGWT TÃ…INCIG FW ENKSWGV ¼ RQUKVKQPU RQWT WPG ECRCEKVÃ… FG RTÃ…JGPUKQP RNWU Ã…NGXÃ…G $QP CEEÄU ¼ NC RKÄEG IT¾EG ¼ NC HQTOG GHHKNÃ…G FG NC \QPG VÆVG EJCTPKÄTG

&+0 +51

CWVQDNQSWCPVG UWT VWDGU GV Ã…ETQWU PG INKUUG RCU UWT NC RKÄEG VTCXCKN PÃ…EGUUKVCPV OQKPU F GHHQTV â– KPVÃ…TKGWT FGU O¾EJQKTGU ¼ FGPVU URÃ…EKCNGOGPV VTGORÃ…GU FWTGVÃ… F GPX *4% UGTTCIG U×T IT¾EG ¼ WPG ITCPFG TÃ…UKUVCPEG ¼ N WUWTG â– EJCTPKÄTG GPVTGRCUUÃ…G ITCPFG UVCDKNKVÃ… IT¾EG CW FQWDNG IWKFCIG â– EQPEGRVKQP TQDWUVG KPUGPUKDNG ¼ NC UCNKUUWTG| KFÃ…CN RQWT NGU VTCXCWZ ¼ N GZVÃ…TKGWT â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

CXGE RQKIPÅGU GHHKNÅGU DKEQNQTGU DK OCVKÄTG UCPU EQN RQWT WPG OGKNNGWTG OCPKCDKNKVÅ GV WP VTCPURQTV RNWU HCEKNG

#WVQDNQSWCPVG UWT VWDGU GV ÅETQWU OQKPU F GHHQTV N KPVÅITCNKVÅ FG NC HQTEG CRRNKSWÅG RGWV ÆVTG WVKNKUÅG RQWT HCKTG VQWTPGT NC RKÄEG KPWVKNG FG VTQR UGTTGT NGU RQKIPÅGU FG NC RKPEG GHHQTV PÅEGUUCKTG TÅFWKV

2+0%'5 /7.6+24+5'

#NNKICVQT

Š

#NNKICVQTŠ

2KPEG OWNVKRTKUG UVCPFCTF

FGPVWTG ¼ VTGORCIG URÃ…EKCN ITCPFG TÃ…UKUVCPEG ¼ N WUWTG RGTOGVVCPV WPG RTKUG GP OCKP U×TG GV RGTOCPGPVG

U[UVÄOG FG TÃ…INCIG TQDWUVG KPUGPUKDNG ¼ NC UCNKUUWTG EQPXKGPV RCTVKEWNKÄTGOGPV CWZ VTCXCWZ TÃ…CNKUÃ…U ¼ N GZVÃ…TKGWT ETÃ…OCKNNÄTG EKPVTÃ…G ¼ RQUKVKQPU | FG ECRCEKVÃ… FG RTÃ…JGPUKQP GP RNWU CLWUVCIG QRVKOKUÃ… ¼ NC RKÄEG GV RQKIPÃ…GU GTIQPQOKSWGU HQTOG GHHKNÃ…G EJCTPKÄTG GPVTGRCUUÃ…G FQWDNG IWKFCIG N CTVKEWNCVKQP PG UG FGUUGTTG RCU GV TGUVG GP RGTOCPGPEG VTÄU TÃ…UKUVCPVG

4Ã…H

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2KPEG

6ÆVG

2QKIPÃ…GU

PQKTG CVTCOGPVKUÃ…G

RQNKG

ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV

PQKTG CVTCOGPVKUÃ…G

RQNKG

CXGE ICKPGU DK OCVKÄTG

EJTQOÃ…G

ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

EJTQOÃ…G

KUQNÅGU CXGE ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÃ…G

KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

´ 2QWEGU

´ OO

OO

2QUKVKQPU FG TÃ…INCIG

I

2+0%'5 /7.6+24+5'

-0+2': #NNKICVQT :.

.C RKPEG -0+2': #NNKICVQT :. HQWTPKV NC RGTHQTOCPEG GV NG EQPHQTV FoWPG RKPEG OWNVKRTKUG ¼ OQKVKÅ OQKPU NQWTFG SW WPG ENÅ UGTTG VWDGU EQORCTCDNG FKURQUCPV FoWPG ECRCEKVÅ FG RTÅJGPUKQP RNWU GNGXÅG p &oWPG NQPIWGWT RTCVKSWG FG OO NC -0+2': #NNKICVQT :. VTQWXG UC RNCEG FCPU VQWVGU NGU ECKUUGU ¼ QWVKNU

2KPEG OWNVKRTKUG GV ENÅ UGTTG VWDGU &+0 +51

.C ENCUUKSWG GUV FÅUQTOCKU FKURQPKDNG GP NQPIWGWT FG OO %QPEGRVKQP TQDWUVG KPUGPUKDNG ¼ NC UCNKUUWTG KFÅCN RQWT NGU VTCXCWZ ¼ N GZVÅTKGWT

DQP CEEÄU ¼ NC RKÄEG IT¾EG ¼ NC HQTOG GHHKNÅG FG NC \QPG VÆVG EJCTPKÄTG ■ GTIQV FG RTQVGEVKQP ÅXKVCPV NGU RKPEGOGPVU ■ #EKGT ÅNGEVTKSWG CW EJTQOG XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

.C RKPEG FGU TWFGU EQPFKVKQPU FoWVKNKUCVKQP

KPVÅTKGWT FGU O¾EJQKTGU ¼ FGPVU URÅEKCNGOGPV VTGORÅGU FWTGVÅ FoGPX *4% UGTTCIG U×T IT¾EG ¼ WPG ITCPFG TÅUKUVCPEG ¼ NoWUWTG

CWVQDNQSWCPVG UWT VWDGU GV ÅETQWU PG INKUUG RCU UWT NC RKÄEG VTCXCKN PÅEGUUKVCPV OQKPU FoGHHQTV

EJCTPKÄTG GPVTGRCUUÅG ITCPFG UVCDKNKVÅ IT¾EG CW FQWDNG IWKFCIG

TQDWUVG OÅECPKUOG FG TÅINCIG KPUGPUKDNG ¼ NC UCNKUUWTG HCEKNG ¼ PGVVQ[GT EQPXKGPV RCTVKEWNKÄTGOGPV ¼ WP WUCIG GP GZVÅTKGWT

TÅINCIG ¼ RQUKVKQPU FG NC ETÅOCKNNÄTG RQWT WPG ÅPQTOG ECRCEKVÅ FG RTÅJGPUKQP RQWXCPV CVVGKPFTG CFCRVCVKQP QRVKOCNG ¼ NC RKÄEG VQWV GP OCKPVGPCPV WPG RQUKVKQP EQOOQFG FGU RQKIPÅGU

4ÅH

'#0

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2KPEG

PQKTG CVTCOGPVKUÅG

6ÆVG

2QKIPÅGU

RQNKG

ICKPÅGU GP RNCUVKSWG CPVKFÅTCRCPV

´ 2QWEGU

´ OO

OO

2QUKVKQPU FG TÅINCIG

I

2+0%'5 /7.6+24+5'

2KPEGU OWNVKRTKUG ¼ ETÃ…OCKNNÄTG

CWVQDNQSWCPVG UWT VWDGU GV Ã…ETQWU PG INKUUG RCU UWT NC RKÄEG VTCXCKN PÃ…EGUUKVCPV OQKPU F GHHQTV â– GPECUVTGOGPV UQWRNG GV CKUÃ… UWT RQUKVKQPU FKHHÃ…TGPVGU IT¾EG ¼ NC ETÃ…OCKNNÄTG HTCKUÃ…G â– NC EJCTPKÄTG PG INKUUG RCU â– \QPG UGTTG VWDG ¼ NC HQTOG RCTHCKVGOGPV CFCRVÃ…G RQWT XKU GV Ã…ETQWU â– EQPEGRVKQP UQWNCIGCPV NC XKU FG EJCTPKÄTG FQPE N WUWTG FG NC XKU â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– KPVÃ…TKGWT FGU O¾EJQKTGU ¼ FGPVU URÃ…EKCNGOGPV VTGORÃ…GU FWTGVÃ… F GPX *4% RQWT NC RKPEG FG OO FG NQPIWGWT UCKUKG U×TG IT¾EG ¼ WPG ITCPFG TÃ…UKUVCPEG ¼ N WUWTG â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

&+0 +51

4Ã…H

'#0

OO

2KPEG PQKTG CVTCOGPVKUÃ…G EJTQOÃ…G EJTQOÃ…G

6ÆVG RQNKG

2QKIPÅGU ICKPÅGU GP RNCUVKSWG ICKPÅGU GP RNCUVKSWG CXGE ICKPGU DK OCVKÄTG

2KPEGU OWNVKRTKUG OKPKCVWTG ¼ ETÃ…OCKNNÄTG

'#0

OO

2KPEG PQKTG CVTCOGPVKUÃ…G EJTQOÃ…G

6ÆVG RQNKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG ICKPÃ…GU GP RNCUVKSWG

%NÅU UGTTG VWDGU Œ

OO

2KPEG

90°

OO

I

OO

I

OQFÄNG UWÃ…FQKU O¾EJQKTGU EQWFÃ…GU ¼ ÂŒ â– FGPVWTG QTKGPVÃ…G FCPU NG UGPU KPXGTUG FG NC TQVCVKQP â– FGPVWTG VTGORÃ…G RCT KPFWEVKQP â– DTCPEJG GP RTQHKNÃ… FQWDNG 6 â– DCIWG FG HKZCVKQP KORGTFCDNG â– NCSWCIG Ã…NGEVTQUVCVKSWG TQWIG O¾EJQKTGU RQNKGU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG

'#0

´ OO

â–

4Ã…H

´ 2QWEGU

â–

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90°

I

GPECUVTGOGPV UQWRNG GV CKUÃ… FCPU RQUKVKQPU FKHHÃ…TGPVGU NC EJCTPKÄTG PG INKUUG RCU â– EQPEGRVKQP UQWNCIGCPV NC XKU FG EJCTPKÄTG FQPE N WUWTG FG NC XKU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG

OO

â–

´ OO

â–

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4Ã…H

´ 2QWEGU

TGXÆVGOGPV RQWFTG TQWIG

´ 2QWEGU

´ OO

2QWEGU

%.Â¥5 5'44' 67$'5

%NÅU UGTTG VWDGU Œ

OQFÄNG UWÃ…FQKU O¾EJQKTGU EQWFÃ…GU ¼ ÂŒ â– FGPVWTG QTKGPVÃ…G FCPU NG UGPU KPXGTUG FG NC TQVCVKQP â– FGPVWTG VTGORÃ…G RCT KPFWEVKQP â– DTCPEJG GP RTQHKNÃ… FQWDNG 6 â– DCIWG FG HKZCVKQP KORGTFCDNG â– NCSWCIG Ã…NGEVTQUVCVKSWG TQWIG O¾EJQKTGU RQNKGU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

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45° 4Ã…H

'#0

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2KPEG TGXÆVGOGPV RQWFTG TQWIG

45°

%NÅU UGTTG VWDGU GP ‡5—

OO

I

OO

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O¾EJQKTG GHHKNÃ…G GP HQTOG FG 5 FGPVWTG QTKGPVÃ…G FCPU NG UGPU KPXGTUG FG NC TQVCVKQP â– FGPVWTG VTGORÃ…G RCT KPFWEVKQP â– UGTTCIG UWT VTQKU RQKPVU UWT NG VWDG CWVQDNQSWCPVG â– DTCPEJG GP RTQHKNÃ… FQWDNG 6 â– DCIWG FG HKZCVKQP KORGTFCDNG â– NCSWCIG Ã…NGEVTQUVCVKSWG TQWIG O¾EJQKTGU RQNKGU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG

OO

2QWEGU

â–

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´ OO

â–

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4Ã…H

´ 2QWEGU

2KPEG

´ 2QWEGU

TGXÆVGOGPV RQWFTG TQWIG

%NÅU UGTTG VWDGU GP ‡5— CXGE TÅINCIG TCRKFG

´ OO

2QWEGU

TÃ…INCIG TCRKFG GV RTÃ…EKU FG N QWXGTVWTG RCT DQWVQP ¼ OÆOG NC RKÄEG Ã…EQPQOKG F GHHQTV RCT CWVQDNQECIG â– RCU FG FÃ…TÃ…INCIG KPVGORGUVKH FGU RQKIPÃ…GU FG NC RKPEG â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– TÃ…UKUVCPEG ¼ NnGHHQTV OCZKOCNG RCT VTCKVGOGPV VJGTOKSWG KPVÃ…ITCN FGU RQKIPÃ…GU â– ITCPFG TÃ…UKUVCPEG ¼ N WUWTG RCT VTGORG CFFKVKQPPGNNG FG NC FGPVWTG â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

#WUUK FKURQPKDNG FÃ…UQTOCKU GP

XGTUKQP

4Ã…H

'#0

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2KPEG

2QKIPÃ…GU

TGXÆVGOGPV RQWFTG TQWIG

TGXÆVGOGPV RQWFTG ITKU

ICKPÃ…GU GP RNCUVKSWG

´ 2QWEGU

´ OO

2QWEGU

OO

I

%.Â¥5 5'44' 67$'5

2KPEGU RQWT UKRJQPU GV EQPPGEVGWTU RQWT UKRJQPU VWDGU GP RNCUVKSWG GV EQPPGEVGWTU &+0 +51

2QWT UKRJQPU VWDGU GP RNCUVKSWG GV EQPPGEVGWTU LWUSWo¼ OO FG FKCOÄVTG 4Ã…INCIG RTÃ…EKU RQWT CFCRVCVKQP QRVKOCNG CWZ FKCOÄVTGU NGU RNWU FKXGTU 4QDWUVG VTÄU TÃ…UKUVCPVG KFÃ…CNG RQWT UGTTGT GV FGUUGTTGT NGU TCEEQTFU FG UKRJQPU VW[CWVGTKGU GP RNCUVKSWG GV Ã…ETQWU TCEEQTFU TQPFU â– RQWT EQPPGEVGWTU ¼ XKUUGT O¾NGU GV HGOGNNGU VGNU SWG EQPPGEVGWTU TQPFU %CPPQP â– RQWT WP FGUUGTTCIG EQPHQTVCDNG FGU VW[CWZ UWT OCPEJQPU â– EJCTPKÄTG GPVTGRCUUÃ…G ¼ RQUKVKQPU FG TÃ…INCIG â– IÃ…QOÃ…VTKG GTIQPQOKSWG FGU DTCPEJGU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

¼ O¾EJQKTGU FGPVGNÃ…GU LWUSWo¼ ´ OO ¼ O¾EJQKTGU GP RNCUVKSWG KPVGTEJCPIGCDNGU RQWT UWTHCEGU UGPUKDNGU LWUSWo¼ ´ OO

4Ã…H

'#0 OO

2KPEG PQKTG CVTCOGPVKUÃ…G EJTQOÃ…G PQKTG CVTCOGPVKUÃ…G EJTQOÃ…G

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG ICKPÃ…GU GP RNCUVKSWG ICKPÃ…GU GP RNCUVKSWG ICKPÃ…GU GP RNCUVKSWG

%CRCEKVÃ… RNCIG FG UGTTCIG ´ OO

I

RCKTGU FoKPUGTVU GP RNCUVKSWG RQWT

%.+/#6 &'

$+'0 ¦64'

2#4 .' 51.

%JCNGWT GV DKGP ÆVTG NGU LQWTU FG HTQKF s EoGUV EG SWG UQWJCKVCKGPV FÃ…L¼ NGU 4QOCKPU FG No#PVKSWKVÃ… GP KPXGPVCPV NG EJCWHHCIG RCT NG UQN .GU EJCWHHCIGU OQFGTPGU RCT NG UQN ETÃ…GPV WP ENKOCV CODKCPV CITÃ…CDNG NCKUUGPV FCXCPVCIG FG RNCEG GV FG NKDGTVÃ… ¼ NoCTEJKVGEVWTG KPVÃ…TKGWTG GV COÃ…NKQTGPV NGU EQPFKVKQPU UCPKVCKTGU PQVCOOGPV RQWT NGU CNNGTIKSWGU +PXKUKDNGU RQWT NGU WVKNKUC VGWTU FG NC RKÄEG FGU VW[CWZ GP RNCUVKSWG VTCPURQTVGPV NoGCW EJCWFG FW U[UVÄOG FG EJCWHHCIG Â¥SWKRÃ… FG EQWRG VWDGU -0+2': NG EJCWHHCIKUVG NGU EQWRG CKUÃ… OGPV ¼ NC NQPIWGWT GZCEVG XQWNWG

2KPEGU URÅEKCNGU ENÅU WPKXGTUGNNGU RQWT CTOQKTGU FG EQOOCPFG %QWRG E¾DNGU RQWT E¾DNGU RNCVU 2KPEG RQWT EQWRGU QDNKSWGU 2KPEG RQWT RNCUVKSWGU GV IQWNQVVGU 28% %KUGCW RQWT ƂDTGU GP -'8.#4 %KUCKNNGU WPKXGTUGNNGU %QWRG VWDGU RQWT VWDGU ƃGZKDNGU GV ICKPGU FG RTQVGEVKQP %QWRG VWDGU RQWT VWDGU 2'4 GV /WNVKEQWEJG GV ICKPGU FG RTQVGEVKQP %QWRG VWDGU RQWT VWDGU /WNVKEQWEJG GV VWDGU GP RNCUVKSWG %QWRG VWDGU RQWT VWDGU GP RNCUVKSWG KPUVCNNCVKQP ÅNGEVTKSWG 2KPEGU ¼ UGTVKT NGU RTQƂNÅU 2KPEGU GORQTVG RKÄEGU )TKIPQVGWUG RQWT VÐNG 2KPEGU ¼ EÐPGU 2KPEG GORQTVG RKÄEGU TGXQNXGT 2KPEG ¼ ITKIPQVGT NG ECTTGNCIG RKPEG DGE FG RGTTQSWGV 2KPEG FG XKVTKGT 2KPEG RQWT NCORGU JCNQIÄPGU .CORG .'& OCIPÅVKSWG 6YKP-G[ %NÅU WPKXGTUGNNGU

.GU EJCWHHCIGU RCT NG UQN HQPV GUUGPVKGN NGOGPV CRRGN ¼ FGU VWDGU GP RNCUVKSWG ¼ RCTQK ÅRCKUUG .G DQP EQWRG VWDGU -0+2': RGTOGV FG NGU EQWRGT ¼ NC NQP IWGWT GZCEVG GP OÅPCIGCPV UGU HQTEGU

2+0%'5 52Â¥%+#.'5 '6 176+.5

%QWRG E¾DNGU RQWT E¾DNGU RNCVU

RQWT EQWRGT FGU E¾DNGU RNCVU UCPU NGU Ã…ETCUGT LWUSWn¼ OO FG NCTIGWT â– UWRRQTV FG EQWRG KPVGTEJCPIGCDNG CXGE Ã…SWGTTG RQWT EQWRGT ¼ CPING FTQKV â– CXGE TGUUQTV FnQWXGTVWTG GV U[UVÄOG FG XGTTQWKNNCIG â– EQTRU FG NnQWVKN CEKGT ¼ QWVKNU NCOKPÃ… VTGORÃ… ¼ NnJWKNG â– NCOG NCOG VTCRÃ…\QËFCNG UVCPFCTF KPVGTEJCPIGCDNG â–

'#0 OO 1WVKN EJTQOÃ…G ,GW FG NCOGU FG TGEJCPIG RQWT

4Ã…H

2KPEG RQWT EQWRGU QDNKSWGU RQWT RTQHKNÃ…U GP RNCUVKSWG GV GP ECQWVEJQWE

2QKIPÃ…GU CXGE ICKPGU GP RNCUVKSWG

.QPI FG NCOG OO

I

RQWT EQWRGT NGU RTQHKNÃ…U UQWRNGU GP RNCUVKSWG ECQWVEJQWE QW DQKU UCPU NGU Ã…ETCUGT Ã…ICNGOGPV RQWT NGU E¾DNGU RNCVU LWUSWn¼ OO FG NCTIGWT â– UWRRQTV FG EQWRG KPVGTEJCPIGCDNG CXGE Ã…SWGTTG RQWT EQWRGT ¼ WP CPING FG ÂŒ GV TGRÄTGU RQWT EQWRGT ¼ WP CPING FG ÂŒ ÂŒ GV ÂŒ â– CXGE TGUUQTV FnQWXGTVWTG GV U[UVÄOG FG XGTTQWKNNCIG â– EQTRU FG NoQWVKN CEKGT ¼ QWVKNU URÃ…EKCN NCOKPÃ… VTGORÃ… ¼ NoJWKNG â– NCOG NCOG VTCRÃ…\QËFCNG UVCPFCTF KPVGTEJCPIGCDNG â–

4Ã…H

'#0 OO

1WVKN EJTQOÃ…G

2QKIPÃ…GU CXGE ICKPGU GP RNCUVKSWG

,GW FG NCOGU FG TGEJCPIG RQWT

.QPI FG NCOG OO

I

2+0%'5 52Â¥%+#.'5 '6 176+.5

2KPEG RQWT RNCUVKSWGU

FÃ…OWNVKRNKECVKQP RCT IGPQWKNNÄTG URÃ…EKCNG IÃ…QOÃ…VTKG FGU VTCPEJCPVU VTÄU GHHKECEG â– EQTRU FG NoQWVKN CEKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO GP SWCNKVÃ… URÃ…EKCNG VTGORÃ… ¼ NoJWKNG â– EQWVGCWZ CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG â– â–

GV IQWNQVVGU 28%

.QPIWGWT FG NCOG FG |OO RQWT UGEVKQPPGOGPV FG NCTIGU IQWNQVVGU FG E¾DNGU [ EQORTKU RQWT RNCUVKSWGU LWUSWo¼ |OO FoÃ…RCKUUGWT

4Ã…H

'#0

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%KUGCWZ

2QKIPÅGU CXGE ICKPGU DK OCVKÄTG

%CRCEKVÃ…U FG EQWRG OO OCZ

.QPIWGWT FG NC NCOG OO

I

WPKSWGOGPV RQWT EQWRGT NGU HKDTGU GP -'8.#4Š FGU E¾DNGU ¼ HKDTGU QRVKSWGU PG EQPXKGPV RCU RQWT FnCWVTGU OCVÃ…TKCWZ â– OGWNCIG RTÃ…EKU ¼ FGPVU Ã…XKVCPV SWG NGU HKDTGU PG INKUUGPV GV ICTCPVKUUCPV WPG EQWRG PGVVG â– EJCTPKÄTG FG RTÃ…EKUKQP TKXGVÃ…G RQWT WP HQPEVKQPPGOGPV UCPU HTQVVGOGPV GV WPG EQWRG UCPU EQKPEGT NGU HKDTGU HKPGU â– UWTHCEG OGWNÃ…G GV EJTQOÃ…G FWT â– EQTRU FG NoQWVKN FG EQWRG CEKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO VTGORÃ… ¼ NoJWKNG â– RQKIPÃ…GU GTIQPQOKSWGU RNCUVKSWG TÃ…UKUVCPV CWZ EJQEU â–

RQWT HKDTGU GP -'8.#4Š

5$

-'8.#4Š GUV WPG OCTSWG FÅRQUÅG FG ' + FW 2QPV FG 0GOQWTU CPF %QORCP[

4Ã…H 5$

1WVKN DTWPKG

'#0

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%KUGCW EJTQOÃ…G

2QKIPÃ…GU ICKPCIG 28% RCT GZVTWUKQP

I

2+0%'5 52¥%+#.'5 '6 176+.5

%KUGCWZ WPKXGTUGNNGU

RQWT EQWRGT ECTVQP RNCUVKSWG GV HGWKNNGU GP CNWOKPKWO NCKVQP GV EWKXTG ■ PG EQPXKGPV PK ¼ NC EQWRG FW HKN FnCEKGT PK FG NC VÐNG FG HGT ■ VTCPEJCPVU VTGORÅU OGWNÅU CXGE RTÅEKUKQP ■ CXGE TGUUQTV FnQWXGTVWTG GV U[UVÄOG FG XGTTQWKNNCIG ■ GTIQV FG RTQVGEVKQP ÅXKVCPV NGU RKPEGOGPVU ■ EJCTPKÄTG XKUUÅG CLWUVCDNG ■ EQTRU FG NoQWVKN FG EQWRG CEKGT EJKTWTIKECN KPQZ[FCDNG VTGORÅ ¼ NoCKT ■ RQKIPÅGU RNCUVKSWG TÅUKUVCPV CWZ EJQEU ■

(QTOGG EQWFÅG s RQWT WPG TÅCNKUCVKQP UKORNG FGU EQWRGU NQPIWGU RQKIPÅGU GP RNCUVKSWG GTIQPQOKSWGU

40°

4ÅH

'#0

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40°

6ÆVG RQNKG RQNKG RQNKG

2QKIPÅGU ICKPCIG 28% RCT GZVTWUKQP ICKPCIG 28% RCT GZVTWUKQP ICKPCIG 28% RCT GZVTWUKQP

%QWRG VWDGU

RQWT NC EQWRG FG VWDGU GP RNCUVKSWG ¼ DQTFU HKPU RCT GZ VWDGU GP RNCUVKSWG DNKPFÅU GV VW[CWZ OÆOG FQWDNÅU FG VKUUW GP RNCUVKSWG QW ECQWVEJQWE FnWP FKCOÄVTG GZVÅTKGWT OCZ FG OO ■ PG EQPXKGPV RCU RQWT EQWRGT NGU E¾DNGU ■ CXGE TGUUQTV FnQWXGTVWTG GV U[UVÄOG FG XGTTQWKNNCIG ■ EQTRU FG NoQWVKN RNCUVKSWG TGPHQTEÅ FG HKDTGU FG XGTTG ■ EQWVGCWZ CEKGT ¼ QWVKNU URÅEKCN VTGORÅ ¼ NoJWKNG KPVGTEJCPIGCDNGU ■

RQWT VWDGU HNGZKDNGU GV ICKPGU FG RTQVGEVKQP

#XGE NCOG KPVGTEJCPIGCDNG

4ÅH

'#0 OO

%CRCEKVÅU FG EQWRG ´ OO

.COG FG TGEJCPIG RQWT

I

I

2+0%'5 52Â¥%+#.'5 '6 176+.5

%QWRG VWDGU

RQWT EQWRGT NGU VWDGU 2'4 GV OWNVKEQWEJG FnWP FKCOÄVTG FG ¼ OO GV NGU ICKPGU FG RTQVGEVKQP UQWRNGU FnWP FKCOÄVTG FG ¼ OO UCPU GPFQOOCIGT NG VWDG KPVÃ…TKGWT â– RQUUKDKNKVÃ… FG HKZGT WP ECNKDTG RCT GZ RQWT FGU VWDGU )GDGTKV FnWP FKCOÄVTG FG ¼ OO â– EQTRU FG NoQWVKN CEKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO GP SWCNKVÃ… URÃ…EKCNG VTGORÃ… ¼ NoJWKNG â– EQWVGCWZ CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG KPVGTEJCPIGCDNGU â–

RQWT VWDGU 2'4 GV /WNVKEQWEJG GV ICKPGU FG RTQVGEVKQP

.GU VWDGU OWNVKEQWEJG GV 2'4 FnWP FKCOÄVTG FG ¼ OO UQPV EQWRÃ…U PGV GV UCPU FÃ…(QTOGCVKQP

4Ã…H

'#0 OO

1WVKN \KPIWÃ…G

2QKIPÅGU CXGE ICKPGU DK OCVKÄTG

.QPIWGWT FG NC NCOG OO

%CRCEKVÃ… FG EQWRG ICKPGU FG RTQVGEVKQP ´ OO

%CRCEKVÃ… FG EQWRG VWDGU FoCUUGODNCIG ´ OO

%QWRG PGVVG FG ICKPGU FG RTQVGEVKQP FnWP FKCOÄVTG FG ¼ OO

I

.COG FG TGEJCPIG RQWT VWDGU 2'4 GV /WNVKEQWEJG RCKTG FG NCOGU FG TGEJCPIG RQWT ICKPGU FG RTQVGEVKQP %CNKDTG RQWT VWDGU )GDGTKV

2+0%'5 52Â¥%+#.'5 '6 176+.5

%QWRG VWDGU

RQWT EQWRGT FGU VWDGU GP RNCUVKSWG GV OWNVKEQWEJG ¼ RCTQK Ã…RCKUUG FnWP FKCOÄVTG FG ¼ OO â– RQWT EQWRGT NGU VWDGU UGNQP NG RTKPEKRG FW ENKSWGV GP RNWUKGWTU EQWRU â– CXGE O¾EJQKTGU OQDKNGU RQWT WPG HKZCVKQP EQTTGEVG FW VWDG GV WPG EQWRG ¼ CPING FTQKV â– EQTRU FG NoQWVKN CEKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO GP SWCNKVÃ… URÃ…EKCNG VTGORÃ… ¼ NoJWKNG â– EQWVGCWZ CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG KPVGTEJCPIGCDNGU â–

RQWT VWDGU /WNVKEQWEJG GV VWDGU GP RNCUVKSWG

%QWRG PGVVG FG VWDGU GP RNCUVKSWG GV VWDGU OWNVKEQWEJG ¼ RCTQK Ã…RCKUUG

'#0 4Ã…H OO

1WVKN \KPIWÃ…G

0G EQPXKGPV RCU RQWT EQWRGT NGU VWDGU GP RNCUVKSWG ¼ RCTQK HKPG 7VKNKUGT RQWT EGNC NC TÃ…H

%CRCEKVÃ…U FG EQWRG ´ OO

2QKIPÅGU CXGE ICKPGU DK OCVKÄTG

.QPIWGWT FGU VTCPEJCPVU OO

I

.COG FG TGEJCPIG RQWT

%QWRG VWDGU RQWT VWDGU GP RNCUVKSWG

KPUVCNNCVKQP Ã…NGEVTKSWG

RQWT EQWRGT UCPU DCXWTG NGU VWDGU GP RNCUVKSWG RCT GZ VWDGU CTOÃ…U GP RNCUVKSWG FnWP FKCOÄVTG EQORTKU GPVTG GV OO â– PG EQPXKGPV RCU RQWT EQWRGT FGU E¾DNGU â– NCOG KPVGTEJCPIGCDNG GV GZVTCEVKDNG FCPU PnKORQTVG SWGNNG RQUKVKQP â– GHHQTV RJ[UKSWG OKPKOCN IT¾EG ¼ NC IÃ…QOÃ…VTKG URÃ…EKCNG FGU VTCPEJCPVU GV ¼ WPG FÃ…OWNVKRNKECVKQP QRVKOCNG â– VTCXCKN OQKPU HCVKIWCPV IT¾EG ¼ FGU RQKIPÃ…GU GTIQPQOKSWGU GV ¼ WPG CXCPEG FG NC NCOG RTQITGUUKXG â– DQÊVKGT HQPVG FoCNWOKPKWO OQWNÃ…G UQWU RTGUUKQP NCSWÃ… TQWIG â– EQWVGCWZ CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG â–

4Ã…H

'#0 OO

$QÊVKGT GP CNWOKPKWO OQWNÅ UQWU RTGUUKQP NCSWÅ TQWIG

.COG FG TGEJCPIG RQWT

%CRCEKVÃ…U FG EQWRG ´ OO

.QPIWGWT FGU VTCPEJCPVU OO

I

2+0%'5 52¥%+#.'5 '6 176+.5

2KPEGU ¼ UGTVKT NGU RTQHKNÅU

RQWT NG TCEEQTFGOGPV UQNKFG FG VQWU NGU RTQHKNÅU WVKNKUÅU FCPU NGU ENQKUQPU GV HCWZ RNCHQPFU ■ RQWT TCKNU GV OQPVCPVU GP CNWOKPKWO LWUSWn¼ OO FnÅRCKUUGWT

Z OO ■ GHHQTV RJ[UKSWG OKPKOCN IT¾EG ¼ WPG FÅOWNVKRNKECVKQP QRVKOCNG RCT GHHGV FG NGXKGT ■ EQTRU FG NC RKPEG CEKGT ¼ QWVKNU URÅEKCN NCOKPÅ VTGORÅ ¼ NoJWKNG ■

RQWT RTKUG ¼ WPG UGWNG OCKP

2QUKVKQPPG\ NC RKPEG UWT FGWZ RTQHKNÅU GP VÐNG ¼ CUUGODNGT

4ÅH

'#0 OO

/

2KPEG DTWPKG DTWPKG

%CRCEKVÅ OCZ Z OO OCZ Z OO

I

2QKPÃQP FG TGEJCPIG RQWT /CVTKEGU FG TGEJCPIG RQWT

)TKIPQVGWUG RQWT VÐNG

RQWT EQWRGT NC VÐNG FG HGT FG EWKXTG GV FnCNWOKPKWO FnWPG ÅRCKUUGWT OCZ FG OO FG OO RQWT NG RNCUVKSWG ■ EQWRGT UCPU FÅHQTOGT NG OCVÅTKCW ■ DQTFU FG EQWRG PGVU NG RTQHKN FÅEQWRÅ PG PÅEGUUKVG CWEWPG HKPKVKQP ■ CXGE DTKUG EQRGCWZ ■ OCPKRWNCVKQP HCEKNG ■ NCTIGWT FG EQWRG OO ■ EQTRU FG NoQWVKN CEKGT ¼ QWVKNU URÅEKCN NCOKPÅ VTGORÅ ¼ NoJWKNG ■ EQWVGCWZ CEKGT ¼ QWVKNU URÅEKCN VTGORÅ ¼ NoJWKNG KPVGTEJCPIGCDNGU ■

2QKIPÅGU CXGE ICKPGU DK OCVKÄTG CXGE ICKPGU DK OCVKÄTG

.G RQKPÃQP GUV RTGUUÅ FCPU NGU RTQHKNÅU GP VÐNG

&ÅEQWRGT GV DTKUGT NGU EQRGCWZ GP WPG UGWNG QRÅTCVKQP

4ÅH

'#0 OO

1WVKN PKEMGNÅG

)TWIGT UCPU DTKUG EQRGCWZ

2QKIPÅGU CXGE ICKPGU DK OCVKÄTG

I

.COG FG TGEJCPIG RQWT

2+0%'5 52¥%+#.'5 '6 176+.5

2KPEGU GORQTVG RKÄEGU

.C RKPEG GORQTVG RKÄEGU FG -0+2': RGTOGV FG TÅCNKUGT HCEKNGOGPV TCRKFGOGPV GV RTQRTGOGPV FGU GPEQEJGU EQWTCPVGU FCPU FGU RNKPVJGU GP RNCUVKSWG GV FGU IQWNQVVGU FG E¾DNGU (KPKU NGU VTCXCWZ EQORNKSWÅU CXGE NC UEKG NGU GPEQEJGU PG PÅEGUUKVGPV RNWU FG HKPKVKQP

RKPEG URÅEKCNG RQWT FÅEQWRGT FGU GPEQEJGU FCPU FGU RNKPVJGU GV DQÊVKGTU GP RNCUVKSWG FCPU NG FQOCKPG FG NnKPUVCNNCVKQP ÅNGEVTKSWG GV UCPKVCKTG ■ NnGPEQEJG RGWV ÆVTG CITCPFKG ¼ XQNQPVÅ GP EQWRCPV RNWUKGWTU HQKU ■ DQTFU FG EQWRG PGVU NG RTQHKN FÅEQWRÅ PG PÅEGUUKVG CWEWPG HKPKVKQP ■ OCPKRWNCVKQP HCEKNG ■ CXGE TGUUQTV FnQWXGTVWTG NKOKVCVKQP FnQWXGTVWTG GV U[UVÄOG FG XGTTQWKNNCIG ■ EQTRU FG NC RKPEG CEKGT ¼ QWVKNU URÅEKCN NCOKPÅ VTGORÅ ¼ NoJWKNG ■

4ÅH

'#0

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2KPEG

2QKIPÅGU

DTWPKG

CXGE ICKPGU GP RNCUVKSWG

2KPEGU ¼ EÐPGU

■ ■

%CRCEKVÅ Z OO Z OO

I

RQWT XKUUCIGU VTÄU ÅVTQKVU #EKGT ¼ QWVKNU URÅEKCN HQTIÅ VTGORÅ ¼ NoJWKNG

&+0 +51 VÆVG FTQKVG VÆVG EQWFÅG ¼

20°

4ÅH

'#0

OO

20°

2KPEG PQKTG CVTCOGPVKUÅG PQKTG CVTCOGPVKUÅG

6ÆVG RQNKG RQNKG

2QKIPÅGU ICKPÅGU GP RNCUVKSWG ICKPÅGU GP RNCUVKSWG

¥XKFGOGPV ´ OO

¥RCKUUGWT FG NC VÆVG OO

I

2+0%'5 52Â¥%+#.'5 '6 176+.5

2KPEG GORQTVG RKÄEGU TGXQNXGT

RQWT RGTHQTGT NG EWKT NG VKUUW GV NG RNCUVKSWG CXGE DWUGU KPVGTEJCPIGCDNGU FnWP FKCOÄVTG FG OO â– CXGE TGUUQTV FnQWXGTVWTG GV U[UVÄOG FG XGTTQWKNNCIG â– TGXÆVGOGPV RQWFTG ICTCPVKUUCPV WPG DQPPG RTQVGEVKQP CPVKTQWKNNG â– %QTRU FG NC RKPEG GV DWUGU CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NnJWKNG â– â–

$WUGU KPVGTEJCPIGCDNGU UÃ…RCTÃ…OGPV

4Ã…H

'#0

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2KPEG TGXÆVGOGPV RQWFTG TQWIG

2KPEG ¼ ITKIPQVGT NG ECTTGNCIG

RKPEG DGE FG RGTTQSWGV

(KPKVKQP TGXÆVGOGPV RQWFTG

I

NGU VTQWU RTÃ… RGTEÃ…U FCPU NGU ECTTGCWZ RGWXGPV ÆVTG Ã…NCTIKU GV NGU DQTFU RGWXGPV ÆVTG (QTOGÃ…U â– #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

4Ã…H

'#0

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2KPEG PQKTG CVTCOGPVKUÃ…G

6ÆVG RQNKG

I

2+0%'5 52Â¥%+#.'5 '6 176+.5

2KPEG FG XKVTKGT

â– â–

RQWT FÃ…VCEJGT NGU DCPFGU FG XGTTG TCKPWTÃ…GU #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG

&+0 +51

4Ã…H

'#0

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2KPEG PQKTG CVTCOGPVKUÃ…G

2KPEGU ¼ ITWIGT NG XGTTG

6ÆVG RQNKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG

.CTIGWT FGU DGEU OO

I

RQWT FÃ…VCEJGT NGU DCPFGU FG XGTTG Ã…VTQKVGU TCKPWTÃ…GU RQWT NC HKPKVKQP FGU DQTFU FW OQTEGCW FG XGTTG â– #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

&+0 +51

HKPKVKQP Ã…NCPEÃ…G CXGE TGUUQTV FnQWXGTVWTG

4Ã…H

'#0

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2KPEG PQKTG CVTCOGPVKUÃ…G PQKTG CVTCOGPVKUÃ…G

2KPEG FG XKVTKGT ¼ DGEU RNCVU &+0 +51

6ÆVG RQNKG RQNKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG ICKPÃ…GU GP RNCUVKSWG

.CTIGWT FGU DGEU OO

I

CXGE O¾EJQKTGU UQWRNGU RGTOGVVCPV WPG RTÃ…JGPUKQP U×TG RQWT TGEVKHKGT GV PGVVQ[GT NGU DQTFU FG XKVTG RCT GZ NQTU FG NC TÃ…CNKUCVKQP FG XKVTCWZ â– #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

4Ã…H

'#0

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2KPEG PQKTG CVTCOGPVKUÃ…G

6ÆVG RQNKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG

.CTIGWT FGU DGEU OO

I

2+0%'5 52Â¥%+#.'5 '6 176+.5

2KPEG RQWT NCORGU JCNQIÄPGU

RQWT NnKPUVCNNCVKQP FG FKQFGU GV NCORGU JCNQIÄPGU DGEU FG UCKUKG TGXÆVWU FG RNCUVKSWG â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

4Ã…H

'#0

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2KPEG PQKTG CVTCOGPVKUÃ…G

.CORG .'& OCIPÃ…VKSWG 2WKUUCPVG .WOKPGWUG %QORCEVG

6ÆVG RQNKG

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG

I

RQWT NnÃ…ENCKTCIG FG \QPGU FG VTCXCKN QDUEWTGU HKZCVKQP ¼ NnQWVKN RCT RWKUUCPVU CKOCPVU â– VTÄU ITCPFG EQORCEKVÃ… â– CWVQPQOKG FnGPXKTQP JGWTGU CXGE RKNGU DQWVQPU KPVGTEJCPIGCDNGU %4 â– HKZCVKQP RCT OQWUSWGVQP â– DQÊVKGT GP RNCUVKSWG TÃ…UKUVCPV CWZ EJQEU â– â–

8

4Ã…H 8

'#0

I

%.Â¥5 70+8'45'..'5

-0+2': 6YKP-G[Š

7P Ã…SWKRGOGPV DKGP Ã…VWFKÃ… GV WPG OKUG GP yWXTG FG JCWVG SWCNKVÃ… .C ENÃ… LWOGNÃ…G -0+2': 6YKP-G[Š ¼ JWKV HCKUEGCWZ GUV EQPUVKVWÃ…G FG FGWZ ETQKZ SWK UQPV GODQÊVÃ…GU NnWPG FCPU NnCWVTG CXGE WP CKOCPV

RQWT VQWVGU NGU CTOQKTGU GV U[UVÄOGU FG HGTOGVWTG UVCPFCTFU RTQHKNÅU ETQKZ ENÅ 6QWU NGU U[UVÄOGU FG HGTOGVWTG WUWGNU

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%QWRG E¾DNGU GV %QWRG E¾DNGU CEKGT %QWRG E¾DNGU %QWRG E¾DNGU ¼ FQWDNG VTCPEJCPVU %KUGCWZ FnÃ…NGEVTKEKGP %QWRG E¾DNGU RTKPEKRG FW ENKSWGV %QWRG E¾DNGU RTKPEKRG FW ENKSWGV CXGE DTCU VÃ…NGUEQRKSWGU %QWRG E¾DNGU CEKGT %QWRG E¾DNGU $QYFGP %QWRG E¾DNGU

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RQWT EQWRGT NGU E¾DNGU GP EWKXTG GV GP CNWOKPKWO WPKHKNCKTGU GV OWNVKHKNCKTGU â– PG EQPXKGPV PK ¼ NC EQWRG FW HKN FnCEKGT PK FW E¾DNG OÃ…VCNNKSWG â– VTCPEJCPVU VTGORÃ…U OGWNÃ…U CXGE RTÃ…EKUKQP â– EQWRG FW E¾DNG PGVVG GV UCPU Ã…ETCUGOGPV â– DQP TCRRQTV FG FÃ…OWNVKRNKECVKQP IT¾EG CW NGXKGT ¼ IGPQWKNNÄTG â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– EJCTPKÄTG XKUUÃ…G CLWUVCDNG â– VÆVG EQWRCPVG XKUUÃ…G KPVGTEJCPIGCDNG â– VÆVG EQWRCPVG CEKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â– RQKIPÃ…GU VWDG FoCEKGT â–

2QKIPÅGU CXGE ICKPGU DK OCVKÄTG KUQNCVKQP RCT UWTOQWNCIG EGTVKHKÅGU 8&'

%CRCEKVÃ…U FG EQWRG 4Ã…H

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6ÆVG RQNKG RQNKG

2QKIPÃ…GU CXGE ICKPGU GP RNCUVKSWG KUQNCVKQP RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

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6ÆVG EQWRCPVG FG TGEJCPIG RQWT

%172'5 %ž$.'5 '6 %172'5 %ž$.'5 #%+'4

%QWRG E¾DNGU RTKPEKRG FW ENKSWGV

â–

RQWT EQPFWEVGWTU GP CNWOKPKWO LWUSWn¼ Z OOÂŽ

RQWT EQWRGT NGU E¾DNGU GP EWKXTG GV GP CNWOKPKWO WPKHKNCKTGU GV OWNVKHKNCKTGU â– PG EQPXKGPV PK ¼ NC EQWRG FW HKN FnCEKGT PK FW E¾DNG OÃ…VCNNKSWG â– VTCPEJCPVU VTGORÃ…U OGWNÃ…U CXGE RTÃ…EKUKQP â– EQWRG FW E¾DNG PGVVG GV UCPU Ã…ETCUGOGPV â– RTKUG FnWPG UGWNG OCKP IT¾EG CW RTKPEKRG FW ENKSWGV â– GHHQTV RJ[UKSWG TÃ…FWKV IT¾EG ¼ WPG FÃ…OWNVKRNKECVKQP VTÄU Ã…NGXÃ…G â– GPVTCÊPGOGPV RCT EQWTQPPG FGPVÃ…G ¼ RQUKVKQPU RQWT WPG EQWRG HCEKNG â– OCPKRWNCVKQP HCEKNG IT¾EG ¼ UQP RQKFU HCKDNG GV ¼ UC EQPEGRVKQP EQORCEVG s WVKNKUCVKQP Ã…ICNGOGPV RQUUKDNG FCPU FGU GURCEGU GZKIWU â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG

ITCPFG ECRCEKVÃ… FG EQWRG FKCO OCZ FG OO OOÂŽ

2TKPEKRG FW ENKSWGV GV GPVTCÊPGOGPV RCT EQWTQPPG FGPVÃ…G ¼ RQUKVKQPU RQWT WPG EQWRG OQKPU HCVKIWCPVG

ICKPG FGU RQKIPÃ…GU HKZG CXGE UWTHCEG FnCRRWK RQWT RQUGT NC RKPEG NQTU FG NC EQWRG

%CRCEKVÃ…U FG EQWRG 4Ã…H

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1WVKN NCSWÃ… PQKT NCSWÃ… PQKT

2QKIPÅGU CXGE ICKPGU DK OCVKÄTG CXGE ICKPGU DK OCVKÄTG

NCSWÃ… PQKT

KUQNÅGU CXGE ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

NCSWÃ… PQKT

.COG OQDKNG FG TGEJCPIG RQWT .COG OQDKNG FG TGEJCPIG RQWT

KUQNÅGU CXGE ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

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%172'5 %ž$.'5 '6 %172'5 %ž$.'5 #%+'4

%QWRG E¾DNGU RTKPEKRG ENKSWGV TÃ…INCIGU

2TGOKGT EQWRG E¾DNGU ¼ OCKP RQWT CEVKQPPGOGPV ¼ WPG GV FGWZ OCKPU UGEVKQPPCPV FGU E¾DNGU %W GV #N FnWP FKCOÄVTG CNNCPV LWUSWn¼ |OO 2QWT E¾DNGU LWUSWn ¼ WP FKCOÄVTG FG OO UKORNKEKVÃ… FnWVKNKUCVKQP IT¾EG ¼ UC NÃ…IÄTGVÃ… I GV ¼ UC EQORCEKVÃ… NQPIWGWT OO s [ EQORTKU GP GURCEGU GZKIWU â– EQWRG E¾DNGU GP EWKXTG GV CNWOKPKWO LWUSWn ¼ WP FKCOÄVTG FG OO RCT CEVKQPPGOGPV ¼ WPG GV FGWZ OCKPU â– VTCPEJCPVU VTGORÃ…U GV TGEVKHKÃ…U CXGE RTÃ…EKUKQP EQWRG PGVVG GV RTQRTG UCPU Ã…ETCUGOGPV FW E¾DNG â– RQWT EQWRGT NGU E¾DNGU %W GV #N WPKHKNCKTGU GV OWNVKHKNCKTGU

PG EQPXKGPV PK CW HKN FnCEKGT PK CWZ E¾DNGU OÃ…VCNNKSWGU â– GPVT¾KPGOGPV ¼ EQWTQPPG FGPVÃ…G PQXCVGWT ¼ VTQKU TCRRQTVU GV ¼ HQTVG FÃ…OWNVKRNKECVKQP RQWT HCEKNKVGT NC EQWRG ¼ WPG QW FGWZ OCKPU â– ICKPG FG NC DTCPEJG HKZG CXGE UWTHCEG FnCRRWK RQWT RQUGT NC RKPEG NQTU FG NC EQWRG â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

%CRCEKVÃ…U FG EQWRG 4Ã…H

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1WVKN PQKTG CVTCOGPVKUÃ…G

6ÆVG RQNKG

2QKIPÅGU CXGE ICKPGU DK OCVKÄTG

PQKTG CVTCOGPVKUÃ…G

RQNKG

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

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0Ã…EGUUCKTG FG TÃ…RCTCVKQP FG NCOG QUEKNNCPVG RQWT GV 0Ã…EGUUCKTG FG TÃ…RCTCVKQP FG NCOG HKZG RQWT GV

%QWRG E¾DNGU RTKPEKRG FW ENKSWGV

5GEVKQPPG FGU E¾DNGU ¼ DNKPFCIG CEKGT FoWP FKCOÄVTG CNNCPV LWUSWo¼ OO OOÂŽ RCT GZ Z OOÂŽ GP WVKNKUCVKQP ¼ WPG QW FGWZ OCKPU 4QDWUVG /CPKCDNG 5QNKFG

RQWT E¾DNGU ¼ DNKPFCIG CEKGT E¾DNGU 59#

UKORNKEKVÃ… FoWVKNKUCVKQP IT¾EG ¼ UC NÃ…IÄTGVÃ… I GV ¼ UC EQORCEKVÃ…

OO FG NQPI s [ EQORTKU GP GURCEGU GZKIWU â– VTCPEJCPVU CHH×VÃ…U CXGE RTÃ…EKUKQP GV VTGORÃ…U RCT KPFWEVKQP EQWRG PGVVG GV RTQRTG UCPU Ã…ETCUGOGPV FW E¾DNG â– EQWTQPPG FGPVÃ…G KPPQXCPVG ¼ VTQKU TCRRQTVU ¼ ITCPFG FÃ…OWNVKRNKECVKQP â– ¼ UWTHCEG FoCRRWK NQTU FG NC EQWRG â– PG EQPXKGPV RCU ¼ NC EQWRG FG E¾DNGU #%54 PK FG E¾DNGU OÃ…VCNNKSWGU â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

#

6TCPEJCPV HTCKUÃ… CXGE RTÃ…EKUKQP GV VTGORÃ… RCT KPFWEVKQP

%CRCEKVÃ…U FG EQWRG 4Ã…H

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1WVKN

2QKIPÃ…GU

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NCSWÃ… PQKT

CXGE ICKPGU DK OCVKÄTG

NCSWÃ… PQKT

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

0Ã…EGUUCKTG FG TÃ…RCTCVKQP FG NCOG OQDKNG RQWT # GV # RTKPEKRG FW ENKSWGV 0Ã…EGUUCKTG FG TÃ…RCTCVKQP FG NCOG HKZG RQWT # GV # RTKPEKRG FW ENKSWGV

%172'5 %ž$.'5 '6 %172'5 %ž$.'5 #%+'4

%QWRG E¾DNGU RTKPEKRG FW ENKSWGV

.QPIWGWT GV CPING FGU RQKIPÃ…GU TÃ…INCDNGU RQWT HCEKNKVGT NG VTCXCKN TÃ…INGT NC NQPIWGWT FGU RQKIPÃ…GU UWT NG DTCU FG NGXKGT QRVKOCN RQWT RGTOGVVTG WPG EQWRG RWKUUCPVG EQWFGT NGU RQKIPÃ…GU RQWT QDVGPKT WPG RKPEG GTIQPQOKSWG HCVKIWCPV OQKPU NC OCKP GV NG DTCU

CXGE DTCU VÃ…NGUEQRKSWGU

%QWRG E¾DNGU ¼ RQKIPÃ…GU VÃ…NGUEQRKSWGU TÃ…INCDNGU GV EQWFCDNGU RQWT E¾DNGU FnWP FKCOÄVTG OCZ FG |OO RQKIPÃ…GU EQWFCDNGU RQWT TÃ…INGT NnQWXGTVWTG QRVKOCNG EQPXKGPV Ã…ICNGOGPV RQWT NGU VTCXCWZ GP GURCEG GZKIWU â– VTCXCKN EQPHQTVCDNG IT¾EG CW RTKPEKRG FW ENKSWGV GV ¼ WP RQKFU HCKDNG â– RQKIPÃ…GU VÃ…NGUEQRKSWGU JCWVG TÃ…UKUVCPEG GP VWDG QXCNG FnCNWOKPKWO GZVGPUKDNG LWUSWn¼ |OO RQWT WP DTCU FG NGXKGT OCZKOCN CXGE FGU E¾DNGU FG ITQU FKCOÄVTG TÃ…VTCEVCDNG ¼ |OO RQWT RTGPFTG WP OKPKOWO FG RNCEG RGPFCPV NG VTCPURQTV â– VÆVG EQWRCPVG KPVGTEJCPIGCDNG â– RNWU ITCPFG ECRCEKVÃ… FG EQWRG FG E¾DNGU GP EWKXTG GV GP CNWOKPKWO FnWP FKCOÄVTG OCZ FG |OO QW FnWPG UGEVKQP OCZ FG OOÂŽ

RCT GZ Z OOÂŽ 0;; â– EQWRG RNWU HCEKNG GV RNWU PGVVG IT¾EG ¼ FGU VTCPEJCPVU ¼ NC IÃ…QOÃ…VTKG QRVKOKUÃ…G â– EJCTPKÄTG XKUUÃ…G CLWUVCDNG â– VÆVG EQWRCPVG CEKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG VTGORÃ… ¼ NnJWKNG â– RQKIPÃ…GU VWDG QXCNG GP CNWOKPKWO JCWVG TÃ…UKUVCPEG â–

CXGE DQWVQP FG TÃ…INCIG

4Ã…INCIG FnWPG QWXGTVWTG RTCVKSWG

#RTÄU CXQKT TÃ…CNKUÃ… NC EQWRG RTÃ…NKOKPCKTG QWXTKT NGU RQKIPÃ…GU ¼ NnCKFG FW ENKSWGV

1WXTKT GV HGTOGT NC RKPEG UCPU CTTÆV LWUSWn¼ EG SWG NG E¾DNG UQKV UGEVKQPPÃ…

%CRCEKVÃ…U FG EQWRG '#0 4Ã…H OO

6ÆVG DTWPKG

2QKIPÅGU CXGE ICKPGU DK OCVKÄTG

6ÆVG EQWRCPVG FG TGEJCPIG RQWT

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%172'5 %ž$.'5 '6 %172'5 %ž$.'5 #%+'4

%QWRG E¾DNGU RTKPEKRG FW ENKSWGV CXGE DTCU VÃ…NGUEQRKSWGU

RQWT E¾DNGU GP EWKXTG GV CNWOKPKWO WPKHKNCKTGU GV OWNVKHKNCKTGU s EQPXKGPV Ã…ICNGOGPV CWZ E¾DNGU ¼ ICKPG GP RNCUVKSWG QW GP ECQWVEJQWE TKIKFGU â– PG EQPXKGPV PK ¼ NC EQWRG FW HKN FnCEKGT PK FW E¾DNG OÃ…VCNNKSWG â– EQPXKGPV Ã…ICNGOGPV CWZ E¾DNGU ¼ CTOWTG GP HGWKNNCTF FnCEKGT â– ICKP FG HQTEG EQPUKFÃ…TCDNG IT¾EG ¼ WPG FÃ…OWNVKRNKECVKQP QRVKOCNG â– RWKUUCPEG FG EQWRG Ã…NGXÃ…G IT¾EG ¼ WPG RTKUG ¼ FGWZ OCKPU GV CW RTKPEKRG FW ENKSWGV â– QWVKN RQWXCPV UnQWXTKT FCPU PnKORQTVG SWGNNG RQUKVKQP FG EQWRG â– NQPIWGWT FGU RQKIPÃ…GU TÃ…INCDNG GP RNWUKGWTU Ã…VCRGU FG ¼ OO GPEQODTGOGPV OKPKOCN RGPFCPV NG VTCPURQTV CFCRVCVKQP KPFKXKFWGNNG CWZ EQPFKVKQPU FG VTCXCKN â– NCOG CEKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG VTGORÃ… ¼ NnJWKNG â– RQKIPÃ…GU VWDG QXCNG GP CNWOKPKWO JCWVG TÃ…UKUVCPEG â–

NQPIWGWT FG NnQWVKN ¼ OO RQKFU FG I UGWNGOGPV NQPIWGWT FG NnQWVKN ¼ OO RQKFU FG I UGWNGOGPV

CXGE DQWVQP FG TÃ…INCIG

%CRCEKVÃ…U FG EQWRG 4Ã…H

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6ÆVG

2QKIPÃ…GU

DTWPKG

CXGE ICKPGU DK OCVKÄTG

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.COG OQDKNG FG TGEJCPIG RQWT .COG OQDKNG FG TGEJCPIG RQWT

%172'5 %ž$.'5 '6 %172'5 %ž$.'5 #%+'4

%QWRG E¾DNGU CEKGT HQTIÃ…

%QWRG PGVVG GV UCPU GHHKNQEJCIG FG VQWU NGU E¾DNGU OÃ…VCNNKSWGU OÆOG EGWZ FnWPG FWTGVÃ… OCZKOCNG

FQWDNG HQPEVKQP EQWRG PGVVG UGTVKUUCIG RTÃ…EKU

CXGE FGWZ RTQHKNU FG UGTVKUUCIG RQWT GODQWVU UWT ICKPG FG E¾DNGU $QYFGP GV GODQWVU RQWT E¾DNG FG VTCEVKQP â– VTCXCKN EQPHQTVCDNG IT¾EG ¼ UC HQTOG GHHKNÃ…G RTCVKSWG GV ¼ UQP TGUUQTV FnQWXGTVWTG GPECUVTÃ… â– EJCTPKÄTG XKUUÃ…G RQWT WP IWKFCIG FG NCOG RTÃ…EKU TÃ…CLWUVCDNG â– HQTVG FÃ…OWNVKRNKECVKQP RGTOGVVCPV FnÃ…EQPQOKUGT UC HQTEG â– FWTGVÃ… FGU VTCPEJCPVU FnGPX *4% â– #EKGT JCWVG RGTHQTOCPEG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

5GTVKUUCIG FG NnGODQWV UWT NG E¾DNG VTCEVGWT

UGTVKUUCIG FGU GODQWVU UWT NGU ICKPGU $QYFGP

)WKFCIG RTÃ…EKU IT¾EG ¼ WPG EJCTPKÄTG XKUUÃ…G

4GUUQTV FnQWXGTVWTG GPECUVTÃ…

5Ã…EWTKVÃ… VTCPURQTV GV NKOKVCVKQP FnQWXGTVWTG

2TQHKNU FG UGTVKUUCIG

%CRCEKVÃ…U FG EQWRG 4Ã…H

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6ÆVG

2QKIPÃ…GU

RQNKG

ICKPÃ…GU GP RNCUVKSWG

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DTWPKG

CXGE ICKPGU DK OCVKÄTG

%172'5 %ž$.'5 '6 %172'5 %ž$.'5 #%+'4

%QWRG E¾DNGU $QYFGP

RQWT E¾DNGU $QYFGP GV HKN FnCEKGT FQWZ Ã…ICNGOGPV 8 # FnWP FKCOÄVTG OCZ FG OO â– EQWRG HCEKNG GV PGVVG IT¾EG ¼ NC HQTOG FGU VTCPEJCPVU URÃ…EKCNG â– VTCPEJCPVU GP HQTOG FG HCWEKNNG Ã…RQWUCPV NC HQTOG FG NnÃ…NÃ…OGPV ¼ EQWRGT GV Ã…XKVCPV NnGHHKNQEJG OGPV FGU VQTQPU â– GHHQTV RJ[UKSWG TÃ…FWKV IT¾EG ¼ WPG FÃ…OWNVKRNKECVKQP VTÄU Ã…NGXÃ…G â– CXGE TGUUQTV FnQWXGTVWTG GV U[UVÄOG FG XGTTQWKNNCIG â–

VTCPEJCPVU VTGORÃ…U RCT KPFWEVKQP â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

%CRCEKVÃ…U FG EQWRG '#0

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%KUGCW PQKTG CVTCOGPVKUÃ…G

%QWRG E¾DNGU

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RQWT HKNU FnCEKGT GV HGTU TQPF E¾DNGU GP EWKXTG GV CNWOKPKWO â– EQPXKGPV RQWT UGEVKQPPGT NGU E¾DNGU CÃ…TKGPU ¼ HKN CPVKVTCEVKQP â– RQKPVGU FG EQWVGCWZ CPIWNCKTGU RGTOGVVCPV FG UGEVKQPPGT FGU DTKPU FG E¾DNG KPFKXKFWGNU â– FÃ…OWNVKRNKECVKQP QRVKOCNG RQWT WPG RWKUUCPEG FG EQWRG Ã…NGXÃ…G â– VÆVG EQWRCPVG XKUUÃ…G KPVGTEJCPIGCDNG â– RQKFU HCKDNG â– VÆVG EQWRCPVG CEKGT ¼ QWVKN FG SWCNKVÃ… URÃ…EKCNG VTGORÃ… ¼ NoJWKNG â– RQKIPÃ…GU CNWOKPKWO JCWVG TKIKFKVÃ…

2QKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG

â–

6ÆVG RQNKG

VÆVG EQWRCPVG TGPHQTEÃ…G RQWT WPG RNWU ITCPFG RGTHQTOCPEG EQPXKGPV Ã…ICNGOGPV ¼ NC EQTFG ¼ RKCPQ

%CRCEKVÃ…U FG EQWRG 4Ã…H

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6ÆVG RQNKG RQNKG RQNKG RQNKG

2QKIPÃ…GU CXGE ICKPGU GP RNCUVKSWG CXGE ICKPGU GP RNCUVKSWG KUQNCVKQP RCT UWTOQWNCIG CXGE ICKPGU GP RNCUVKSWG

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6ÆVG EQWRCPVG FG TGEJCPIG RQWT 6ÆVG EQWRCPVG FG TGEJCPIG RQWT 6ÆVG EQWRCPVG FG TGEJCPIG RQWT

5#78'6#)'

2Â¥4+..'7: 2#4 .'5 #+45

.G UCWXGVCIG GP OQPVCIPG GUV WP FÃ…Æ‚ NCPEÃ… ¼ NoJQOOG GV ¼ NC VGEJPKSWG .G RKNQ VG FQKV OCKPVGPKT UQP JÃ…NKEQRVÄTG CW RNWU RTÄU FW TQEJGT RCT XGPVU GV KPVGORÃ…TKGU %oGUV RQWT NWK NG UGWN OQ[GP FG FÃ…DCT SWGT FGU UCWXGVGWTU QW FoGODCTSWGT FGU DNGUUÃ…U &GU U[UVÄOGU FG RTQRWNUKQP GV FG EQOOCPFG VTÄU EQORNGZGU RGTOGVVGPV FoGZÃ…EWVGT EGU OCPyWXTGU TKUSWÃ…GU CW OQ[GP FoWPG VTCPUOKUUKQP GZVTÆOGOGPV RTÃ…EKUG GV Æ‚CDNG FGU UKIPCWZ &GU RKPEGU ¼ UGTVKT -0+2': GZÃ…EWVGPV EGU UGTVKUUCIGU GV DKGP FoCWVTGU GP VQWVG UÃ…EWTKVÃ… GV GP VQWVG Æ‚CDKNKVÃ…

2KPEGU ¼ UGTVKT #UUQTVKOGPVU FG UGTVKUUCIG 2KPEGU Ã…VCWZ ¼ UGTVKT 2KPEGU ¼ UGTVKT 1WVKN FG OQPVCIG /WNVK%TKORŠ 2KPEGU ¼ UGTVKT WPKXGTUGNNGU G%TKOR

2TQÆ‚NU FG UGTVKUUCIG 2QUKVKQPPGWTU /CNNGVVG ¼ QWVKNU RQWT NG RJQVQXQNVCËSWG /CNNGVVG ¼ QWVKNU RQWT NG RJQVQXQNVCËSWG /% /WNVK %QPVCEV 1WVKN FG OQPVCIG RQWT EQPPGEVGWTU /% ,GW FG ENÃ…U FG OQPVCIG RQWT EQPPGEVGWTU /% 1WVKN FG EQORTGUUKQP 2KPEG ¼ UGTVKT RQWT EQPPGEVGWTU 5EQVEJNQM CXGE VTCPEJCPVU 2KPEGU ¼ UGTVKT RQWT Æ‚EJGU 9GUVGTP 2KPEGU ¼ UGTVKT HQTOG EQWTVG 2KPEGU ¼ UGTVKT Ã…ICNGOGPV RQWT RTKUG ¼ FGWZ OCKPU 2TGEK(QTEGŠ 2KPEGU ¼ UGTVKT ¼ SWCVTG RQKPVU RQWT EQPVCEVU VQWTPÃ…U 2KPEGU ¼ UGTVKT CWVQ CLWUVCDNGU RQWT GODQWVU FG E¾DNG CXGE CEEÄU NCVÃ…TCN 2KPEGU ¼ UGTVKT CWVQ CLWUVCDNGU RQWT GODQWVU FG E¾DNG KPVTQFWEVKQP HTQPVCNG 2KPEG ¼ UGTVKT RQWT OKETQ EQPPGEVGWTU 2KPEGU ¼ UGTVKT RQWT GODQWVU FG E¾DNG 2KPEG ¼ UGTVKT RQWT GODQWVU FG E¾DNG KPVTQFWEVKQP HTQPVCNG #UUQTVKOGPVU FG UGTVKUUCIG RQWT GODQWVU FG E¾DNG #UUQTVKOGPVU FG UGTVKUUCIG RQWT TCEEQTFU FG E¾DNG 4CEEQTFU FG E¾DNG .GU UGTVKUUCIGU ECTTÃ…U UoWVKNKUGPV RQWT FGU NKCKUQPU RCTVKEWNKÄTGOGPV U×TGU &GU RKPEGU ¼ UGTVKT -0+2': RGTOGVVGPV FG NGU GZÃ…EWVGT GP VQWVG Æ‚CDKNKVÃ…

2+0%'5 œ 5'46+4

2KPEG Ã…VCWZ ¼ UGTVKT

RQWT EQPPGZKQPU Ã…NGEVTKSWGU UCPU UQWFCIG NGXKGT FG FGUUGTTCIG TCRKFG â– RTGUUKQP FG UGTTCIG Ã…NGXÃ…G CXGE WP GHHQTV RJ[UKSWG TÃ…FWKV IT¾EG ¼ NC FÃ…OWNVKRNKECVKQP RCT IGPQWKNNÄTG â– SWCNKVÃ… FG UGTVKUUCIG EQPUVCPVG GV HQTEG FnGZVTCEVKQP Ã…NGXÃ…G IT¾EG CWZ TCKPWTGU FnCTTÆV UKVWÃ…GU ¼ NnGZVTÃ…OKVÃ… â– RTGUUKQP TÃ…INCDNG â– #EKGT URÃ…EKCN JCWVG TÃ…UKUVCPEG â– â–

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2KPEG

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DTWPKG

EQUUGU GV EQPPGEVGWTU KUQNÃ…U

2KPEGU ¼ UGTVKT

%CRCEKVÃ… OOÂŽ

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RQWT EQWRGT GV FÃ…PWFGT NGU E¾DNGU GV RQWT UGTVKT NGU EQUUGU GV NGU EQPPGEVGWTU KUQNÃ…U GV PQP KUQNÃ…U GV NGU EQPPGEVGWTU QWXGTVU â– CXGE VTQWU HKNGVÃ…U RQWT NC EQWRG FG VKIGU HKNGVÃ…GU GP EWKXTG QW GP NCKVQP / / / / GV / â– RNWU FG UVCDKNKVÃ… GV OQWXGOGPV UCPU ¼ EQWRU IT¾EG ¼ NC EJCTPKÄTG XKUUÃ…G â– #EKGT URÃ…EKCN JCWVG TÃ…UKUVCPEG â–

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2QKIPÃ…GU

#RRNKECVKQP

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DTWPKG

CXGE ICKPGU DK OCVKÄTG

EQUUGU GV EQPPGEVGWTU KUQNÃ…U

DTWPKG

CXGE ICKPGU DK OCVKÄTG

EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV

NCTIGWT FG EQPPGEVGWT OO

DTWPKG

CXGE ICKPGU DK OCVKÄTG

EQUUGU GV EQPPGEVGWTU PQP KUQNÃ…U

PQKTG NCSWÃ…G

EQUUGU GV EQPPGEVGWTU KUQNÃ…U

CXGE ICKPGU DK OCVKÄTG

EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV

NCTIGWT FG EQPPGEVGWT OO

2+0%'5 œ 5'46+4

2KPEG ¼ UGTVKT

RQWT EQWRGT GV FÃ…PWFGT NGU E¾DNGU GV RQWT UGTVKT NGU EQUUGU GV NGU EQPPGEVGWTU KUQNÃ…U GV PQP KUQNÃ…U â– CXGE VTQWU HKNGVÃ…U RQWT NC EQWRG FG VKIGU HKNGVÃ…GU GP EWKXTG QW GP NCKVQP / / / / GV / â– #EKGT URÃ…EKCN JCWVG TÃ…UKUVCPEG â–

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2KPEG

2QKIPÃ…GU

#RRNKECVKQP

DTWPKG

CXGE ICKPGU GP RNCUVKSWG

EQUUGU GV EQPPGEVGWTU KUQNÃ…U

1WVKN FG OQPVCIG RQWT .5# 2NWU GV UKOKNCKTG

#9)

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EQUUGU GV EQPPGEVGWTU PQP KUQNÃ…U

%CRCEKVÃ… OOÂŽ

QWVKN RQWT RTKUGU FG EQWTCPVU FGU RTKUGU FG EQWTCPV EQODKPÃ…GU QW FGU EJCORU â– RTGUUKQP GV EQWRG GP WPG UGWNG QRÃ…TCVKQP â– RQWT E¾DNGU 762 GV 562 CXGE EQPFWEVGWT FnWP FKCOÄVTG FG ¼ OO â– CXGE ETQEJGV GV NCOG FG FÃ…XGTTQWKNNCIG KPVÃ…ITÃ…U â– DQÊVKGT RNCUVKSWG TÃ…UKUVCPV CWZ EJQEU â–

2TGUUKQP GV EQWRG GP WPG UGWNG QRÃ…TCVKQP

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6ÆVG DTWPKG

#RRNKECVKQP E¾DNGU 762 GV 562 .5# 2NWU GV UKOKNCKTG

#XGE ETQEJGV KPVÃ…ITÃ…

%CRCEKVÃ… ´ OO

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2+0%'5 œ 5'46+4

-0+2': /WNVK%TKORŠ

.C RKPEG ¼ UGTVKT RQWT NGU VTCXCWZ FnKPUVCNNCVKQP GV FG TÃ…RC TCVKQP SWK RGTOGV FnÃ…EQPQOKUGT FG NC RNCEG FG NnCTIGPV GV FW RQKFU .nKPUVCNNCVGWT PnC FÃ…UQTOCKU RNWU DGUQKP SWG FnWP UGWN QWVKN CW NKGW FG EKPS

2KPEGU ¼ UGTVKT CXGE RQTVG RTQHKNU

WP UGWN QWVKN RQWT NGU UGTVKUUCIGU NGU RNWU EQWTCPVU EJCPIGOGPV TCRKFG GV UKORNG FGU RTQHKNU FG UGTVKUUCIG UCPU QWVKN UWRRNÃ…OGPVCKTG â– UVQEMCIG U×T GV RTQVÃ…IÃ… FGU RTQHKNU KPVGTEJCPIGCDNGU FCPU WP OCICUKP TQPF â– RKPEG ¼ UGTVKT EQPHQTVCDNG RGTHQTOCPVG GV FG SWCNKVÃ… RTQHGUUKQPPGNNG â– TÃ…UWNVCVU FG UGTVKUUCIG HKCDNGU EQORCTCDNGU CWZ RTQHKNU FG UGTVKUUCIG HKZGU â– SWCNKVÃ… FG UGTVKUUCIG VQWLQWTU Ã…NGXÃ…G IT¾EG CWZ RTQHKNU FG RTÃ…EKUKQP GV CW DNQECIG HQTEÃ… FÃ…XGTTQWKNNCDNG â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO GP SWCNKVÃ… URÃ…EKCNG VTGORÃ… ¼ NoJWKNG â– OCICUKP TQPF RNCUVKSWG TGPHQTEÃ… FG HKDTGU FG XGTTG â– â–

2KPEG ¼ UGTVKT ¼ DCTKNNGV GV KPUGTVU KPVGTEJCPIGCDNGU RQWT EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV NCTIGWT FG OO FG ¼ OOÂŽ EQUUGU KUQNÃ…GU EQPPGEVGWTU OCPEJQPU FG ¼ OOÂŽ GV GODQWVU KUQNÃ…U PQP KUQNÃ…U FG ¼ OOÂŽ

&Ã…UQTOCKU Ã…ICNGOGPV RQWT GODQWVU FG E¾DNG KUQNÃ…U QW PQP KUQNÃ…U FG OO 2TQHKN FG UGTVKUUCIG ¼ GTIQV WPKXGTUGN RQWT EQPPGEVGWTU PQP KUQNÃ…U

2QUKVKQP FG EJCPIGOGPV FÃ…RNKCIG FW NGXKGT RQWT COGPGT NGU O¾EJQKTGU GP RQUKVKQP RCTCNNÄNG

%JCPIGOGPV FW RTQHKN FG UGTVKUUCIG FÃ…XGTTQWKNNGT NC RQUKVKQP FW OCICUKP GZVTCKTG NG RTQHKN FG NC RKPEG

2KPEG ¼ UGTVKT ¼ DCTKNNGV GV EKPS KPUGTVU KPVGTEJCPIGCDNGU RQWT EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV NCTIGWT FG OO FG ¼ OOÂŽ EQUUGU KUQNÃ…GU EQPPGEVGWTU OCPEJQPU FG ¼ OOÂŽ GODQWVU KUQNÃ…U PQP KUQNÃ…U FG ¼ OOÂŽ GODQWVU KUQNÃ…U PQP KUQNÃ…U FG GV OOÂŽ GV EQUUGU ¼ UGTVKT GV VWDWNCKTGU &+0 GV &+0 CKPUK SWG OCPEJQPU PQP KUQNÃ…U ¼ UGTVKT &+0 GV &+0

4GRNKGT NG NGXKGT GV TGHGTOGT NC RKPEG RTÆV RQWT UC RTQEJCKPG WVKNKUCVKQP

2+0%'5 œ 5'46+4

/CICUKP ¼ RTQHKNU FG UGTVKUUCIG RQWXCPV UG RQTVGT ¼ NC EGKPVWTG

#TVKMGN 0T

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#RRNKECVKQP

%CRCEKVÃ… OOÂŽ

#9)

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EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV

NCTIGWT FG EQPPGEVGWTU OO

EQUUGU KUQNÃ…GU EQPPGEVGWTU OCPEJQPU

$QPPG XKUKDKNKVÃ… FW OCTSWCIG RCT RKEVQITCOOGU FGU RTQHKNU FG UGTVKUUCIG

'ODQWVU FG E¾DNG

EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV

NCTIGWT FG EQPPGEVGWTU OO

EQUUGU KUQNÃ…GU EQPPGEVGWTU OCPEJQPU

'ODQWVU FG E¾DNG

'ODQWVU FG E¾DNG EQUUGU PQP KUQNÃ…GU ¼ UGTVKT GV VWDWNCKTGU &+0 GV &+0 CKPUK SWG OCPEJQPU PQP KUQNÃ…U ¼ UGTVKT &+0 GV &+0

2TQHKN FG UGTVKUUCIG RQWT EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV OO

2TQHKN FG UGTVKUUCIG RQWT EQUUGU GV EQPPGEVGWTU KUQNÃ…U

2TQHKN FG UGTVKUUCIG RQWT GODQWVU FG E¾DNG

2TQHKN FG UGTVKUUCIG RQWT GODQWVU FG E¾DNG KUQNÃ…U GV PQP KUQNÃ…U

#

2TQHKN FG UGTVKUUCIG RQWT EQUUGU VWDWNCKTGU EQUUGU FG E¾DNG ¼ UGTVKT GV EQUUGU ¼ RTGUUGT PQP KUQNÃ…GU UGNQP &+0 GV &+0 CKPUK SWG RTQNQPICVGWTU EQPPGEVGWTU UGTVKGU GV EQPPGEVGWTU ¼ UGTTGT PQP KUQNÃ…U UGNQP &+0 GV &+0

2TQHKN FG UGTVKUUCIG RQWT EQPPGEVGWTU UGTVKU UGNQP &+0

2QTVG RTQHKNU XKFG

2+0%'5 œ 5'46+4

2KPEGU ¼ UGTVKT WPKXGTUGNNGU

2GTOGVVCPV FG UGTVKT ¼ NnCKFG FnWPG VGEJPKSWG WNVTC OQFGTPG RTCVKSWGOGPV VQWVGU NGU EQPPGZKQPU UGTVKGU GZKUVCPVGU CEVWGNNGOGPV CXGE WP UGWN QWVKN NC RKPEG ¼ UGTVKT WPKXGTUGNNG RGTOGV FG TÃ…CNKUGT RTGUSWG VQWU NGU VTCXCWZ FG UGTVKUUCIG OQDKNGU GV HKZGU GV EQPUVKVWG WP TGOCTSWCDNG QWVKN RTQHGUUKQPPGN RQWT NG UGTVKUUCIG UVCPFCTF

RQWT RTQHKNU FG UGTVKUUCIG KPVGTEJCPIGCDNGU

WP UGWN QWVKN RQWT RTGUSWG UGTVKUUCIGU FKHHÃ…TGPVU OQWXGOGPV FG UGTVKUUCIG SWCUKOGPV RCTCNNÄNG â– SWCNKVÃ… FG UGTVKUUCIG VQWLQWTU Ã…NGXÃ…G IT¾EG CWZ RTQHKNU FG RTÃ…EKUKQP GV CW DNQECIG HQTEÃ… FÃ…XGTTQWKNNCDNG â– NC RTGUUKQP FG UGTVKUUCIG GUV TÃ…INÃ…G CXGE RTÃ…EKUKQP GP WUKPG

Ã…VCNQPPÃ…G CLWUVCDNG â– HQTEG CORNKHKÃ…G IT¾EG ¼ NC FÃ…OWNVKRNKECVKQP RCT NGXKGT RQWT WP VTCXCKN OQKPU HCVKIWCPV â– RQKIPÃ…GU GTIQPQOKSWGU â– RNWUKGWTU RQUKVKQPPGWTU RGTOGVVCPV FG FÃ…VGTOKPGT NC RQUKVKQP EQTTGEVG CXGE RTÃ…EKUKQP â– RTQHKNU FG UGTVKUUCIG RQWT CWVTGU CRRNKECVKQPU UWT FGOCPFG â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO GP SWCNKVÃ… URÃ…EKCNG VTGORÃ… ¼ NoJWKNG â– â–

CXGE RTQHKN FG UGTVKUUCIG OQPVÃ… RQWT EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV

NCTIGWT FG EQPPGEVGWT GV OO CXGE RTQHKN FG UGTVKUUCIG OQPVÃ… RQWT EQUUGU GV EQPPGEVGWTU KUQNÃ…U GP EQHHTGV RNCUVKSWG RNCVGCW GP OQWUUG CXGE Ã…XKFGOGPVU RQWT RTQHKNU FG UGTVKUUCIG GV RQUKVKQPPGWTU CXGE QWVKN FG OQPVCIG ENÃ… ¼ UKZ RCPU ETGWZ XKU GV Ã…ETQWU UCPU RTQHKN FG UGTVKUUCIG #

# RKPEG UCPU RTQHKN FG UGTVKUUCIG UCPU OCNNGVVG

CXGE RTQHKN FG UGTVKUUCIG RQWT EQUUGU KUQNÃ…GU EQPPGEVGWTU GV OCPEJQPU

CXGE RTQHKN FG UGTVKUUCIG RQWT GODQWVU FG E¾DNG

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2KPEG

DTWPKG CXGE ICKPGU DK OCVKÄTG

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2QKIPÃ…GU

CXGE RTQHKN FG UGTVKUUCIG GV RQUKVKQPPGWT RQWT HKEJGU & 5WD

#9)

XQKT VCDNGCW FGU RTQHKNU FG UGTVKUUCIG

DTWPKG CXGE ICKPGU DK OCVKÄTG XQKT VCDNGCW FGU RTQHKNU FG UGTVKUUCIG DTWPKG CXGE ICKPGU DK OCVKÄTG

%CRCEKVÃ… OOÂŽ

#RRNKECVKQP

2KPEG ¼ UGTVKT RQWT EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV NCTIGWT FG EQPPGEVGWT OO

2KPEG ¼ UGTVKT WPKXGTUGNNG RQWT EQUUGU GV DTWPKG CXGE ICKPGU DK OCVKÄTG EQPPGEVGWTU KUQNÃ…U

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2+0%'5 œ 5'46+4

-0+2': G%TKOR

.C -0+2': G%TKOR GUV NC RTGOKÄTG RKPEG ¼ UGTVKT Ã…NGEVTQOÃ…ECPKSWG CW OQPFG 5QP FQOCKPG FoWVKNKUCVKQP WPKXGTUGN GP HCKV WP QWVKN KPFKURGPUCDNG ¼ NoCVGNKGT EQOOG FCPU NGU TWFGU EQPFKVKQPU TGPEQPVTÃ…GU GP GZVÃ…TKGWT .C RQUUKDKNKVÃ… FoWVKNKUGT RNWU FG KPUGTVU FG UGTVKUUCIG GV RQUKVKQPPGWTU -0+2': CKPUK SWG RNWU FG KPUGTVU FG UGTVKUUCIG URÃ…EKCWZ HQPV FG NC RKPEG ¼ UGTVKT WPKXGTUGNNG Ã…RTQWXÃ…G NoQWVKN KPFKURGPUCDNG GP CVGNKGT GV GP TWFGU EQPFKVKQPU FG VTCXCKN

2KPEG ¼ UGTVKT WPKXGTUGNNG Ã…NGEVTQOÃ…ECPKSWG RQWT RTQHKNU FG UGTVKUUCIG KPVGTEJCPIGCDNGU

RWKUUCPV Ã…NGEVTQOÃ…ECPKUOG RCU FG EQORQUCPVU J[FTCWNKSWGU RCU FG HWKVGU â– WPG HQTEG FG UGTVKUUCIG FGU DGEU LWUSWn¼ M0 â– JCWVGWT FG VTCXCKN GTIQPQOKSWGOGPV QRVKOKUÃ…G HCEKNKVCPV NoWVKNKUCVKQP GP CVGNKGT â– Ã…ENCKTCIG EKDNÃ… FW RQKPV FG UGTVKUUCIG RCT .'& â– RGW DTW[CPV â– .QPIWG RÃ…TKQFKEKVÃ… FG OCKPVGPCPEG LWUSWo¼ UGTVKUUCIGU .C TÃ…XKUKQP FG NC -0+2': G%TKOR PG UoKORQUG SWoCW DQWV FG UGTVKUUCIGU #WVTGOGPV FKV NC RÃ…TKQFKEKVÃ… FG OCKPVGPCPEG FG NC RKPEG ¼ UGTVKT Ã…NGEVTQOÃ…ECPKSWG GUV HQKU RNWU ITCPFG SWG EGNNG FGU RKP EGU ¼ UGTVKT ENCUUKSWGU .C RKPEG GUV CKPUK DKGP RNWU NQPIVGORU FKURQ PKDNG RQWT NG VTCXCKN FG UGTVKUUCIG .GU HTÃ…SWGPVU TGVQWTU CW HCDTKECPV FKURCTCKUUGPV )TCPFG FKURQPKDKNKVÃ… UCPU KOOQDKNKUCVKQPU RQWT ECWUG FG OCKPVGPCPEG â– RWKUUCPV CEEWOWNCVGWT .K KQPU 8 #J 9J E[ENG FG EJCTIGOGPV GPX OKPWVGU UCPU GHHGV OÃ…OQKTG â– GPX E[ENGU FG VTCXCKN RCT EJCTIGOGPV FG NnCEEWOWNCVGWT RQWT NGU EQPPGEVGWTU CXGE WPG FKOGPUKQP PQOKPCNG FG OOÂŽ â– QGKNNGV FG RTQVGEVKQP CPVKEJWVG RQWT WVKNKUCVKQP GP GZVÃ…TKGWT â–

'

' CXGE HKEJG GWTQ ' #75 CXGE CFCRVCVGWT RQWT HKEJG #5 05<

#75 0< ' 7CXGE CFCRVCVGWT RQWT HKEJG $5 )$ ' 75 CXGE HKEJG 0'/# 2 75# %CPCFC /GZKSWG

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VGPUKQP HTÃ…SWGPEG FG TÃ…UGCW 8 *\ 8 *\ 8 *\ 8 *\

HKEJGU FG EQPPGZKQP %'' $5 #5 05< 0'/# 2

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#EEW FG TGEJCPIG RQWT -0+2': G%TKOR

2+0%'5 œ 5'46+4

2TQHKNU FG UGTVKUUCIG RQWT RKPEGU ¼ UGTVKT WPKXGTUGNNGU RQWT CRRNKECVKQPU NGU RNWU FKXGTUGU RTQHKNU FG UGTVKUUCIG URÃ…EKCWZ UWT FGOCPFG

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#RRNKECVKQP

%CRCEKVÃ… OOÂŽ OO OO OO OO

#9)

EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV

NCTIGWT FG EQPPGEVGWT OO

EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV

NCTIGWT FG EQPPGEVGWTU OO

EQUUGU EQPPGEVGWTU GV RTQPNQPICVGWTU KUQNÃ…U

EQPPGEVGWTU UQWU ICKPG VJGTOQTÃ…VTCEVCDNG

GODQWVU FG E¾DNG KUQNÃ…U GV PQP KUQNÃ…U

EQUUGU PQP KUQNÃ…GU ¼ UGTVKT GV VWDWNCKTGU &+0 GV &+0 CKPUK SWG OCPEJQPU PQP KUQNÃ…U ¼ UGTVKT &+0 GV &+0

HKEJGU FTCRGCW GV EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV NCTIGWT FG EQP PGEVGWTU OO

EQUUGU GV EQPPGEVGWTU KUQNÃ…U

GODQWVU FG E¾DNG LWOGNÃ…U RQWT FGWZ EQPFWEVGWTU UQWRNGU

GODQWVU FG E¾DNG KUQNÃ…U GV PQP KUQNÃ…U

HKEJGU FTCRGCW OO NCTIGWT FG EQPPGEVGWTU OO NCTIGWT FG EQPPGEVGWTU OO

Z Z Z

Z Z Z

EQPPGEVGWTU GP ( RQWT EQPPGZKQP 68 GV UCVGNNKVG

EQUUGU GV EQPPGEVGWTU PQP KUQNÃ…U

EQPPGEVGWTU & 5WD *& *&'

/CPEJQPU ´ OO

EQUUGU PQP KUQNÃ…GU VWDWNCKTGU GV ¼ UGTVKT &+0 CKPUK SWG OCPEJQPU PQP KUQNÃ…U RQWT WPKQP GV ¼ UGTVKT &+0

EQUUGU PQP KUQNÃ…GU ¼ UGTVKT GV VWDWNCKTGU &+0 GV &+0 CKPUK SWG OCPEJQPU PQP KUQNÃ…U ¼ UGTVKT &+0 GV &+0

2TQHQPFGWT FG UGTVKUUCIG OO

2+0%'5 5'46+4

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EQUUGU FG DQWIKG GV FKUVTKDWVGWTU

¼ ETCPU GP FGPVU FG UEKG HKNGVÅU RQWT E¾DNG GV FKUVTKDWVGWT FnCNNWOCIG

#RRNKECVKQP OCPEJQPU PQP KUQNÅU ¼ UGTVKT &+0

#9)

EQPVCEVU VQWTPÅU

EQPPGEVGWTU UQNCKTGU *WDGT 5WJPGT

EQPPGEVGWTU UQNCKTGU *WDGT 5WJPGT

HKEJGU #$5

EQPPGEVGWTU UQNCKTGU /%

/WNVK %QPVCEV

EQPPGEVGWTU UQNCKTGU /%

/WNVK %QPVCEV

EQPPGEVGWTU UQNCKTGU /%

/WNVK %QPVCEV EQWRGT FÅPWFGT UGTVKT

EQPPGEVGWTU UQNCKTGU /%

/WNVK %QPVCEV EQWRGT FÅPWFGT UGTVKT

EQPPGEVGWTU UQNCKTGU *KTUEJOCPP

EQPPGEVGWTU UQNCKTGU 6[EQ

EQPPGEVGWTU UQNCKTGU IGUKU UQNCT 256 9KGNCPF

EQPPGEVGWTU UQNCKTGU IGUKU UQNCT 256 9KGNCPF

EQPVCEVU VQWTPÅU *65 *CTVKPI

EQPPGEVGWT UQNCKTG *GNKQU *

#ORJGPQN

EQPPGEVGWTU RQWT E¾DNGU EQCZKCWZ VÅNÅ RJQPG FG XQKVWTG 4)

HKEJGU OQFWNCKTGU

/CPEJQPU ´ OO

2TQHQPFGWT FG UGTVKUUCIG OO

EQPPGEVGWTU RQWT E¾DNGU EQCZKCWZ 4) EQPVCEVU GPTQWNÅU

%CRCEKVÅ OO

HKEJGU 9GUVGTP EQPPGEVGWTU UQNCKTGU /%

/WNVK %QPVCEV

RÐNGU 4,

EQPPGEVGWTU UQNCKTGU /%

/WNVK %QPVCEV

HKEJGU /QNGZ OQFÄNG EQWTV

RÐNGU 4,

HKEJGU 5VGYCTV DNKPFÅGU

2TQHKNÅU URÅEKCWZ UWT FGOCPFG

2+0%'5 œ 5'46+4

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2QUKVKQPPGWT RQWT

2QUKVKQPPGWT RQWT

2QUKVKQPPGWT RQWT HKEJGU & 5WD

%CRCEKVÃ… OOÂŽ

#RRNKECVKQP

EQPPGEVGWTU RQWT E¾DNGU ¼ HKDTGU QR VKSWGU R GZ (5/# 56 5% 565% -

EQPPGEVGWTU RQWT E¾DNGU ¼ HKDTGU QRVKSWGU R GZ *WDGT 5WJPGT

EQPPGEVGWTU RQWT E¾DNGU ¼ HKDTGU QRVKSWGU R GZ 6GNGIÀTVPGT

EQPPGEVGWTU RQWT E¾DNGU ¼ HKDTGU QRVKSWGU R GZ EQPPGEVWGTU (5/# 56 GV /+%

2QUKVKQPPGWT RQWT EQPPGEVGWTU UQNCKTGU *GNKQU * 2QUKVKQPPGWT RQWT *65 *CTVKPI RQUKVKQPPGWT RQWT EQPPGEVGWTU UQNCKTGU /%

2QUKVKQPPGWT RQWT EQPPGEVGWTU UQNCKTGU /%

RQUKVKQPPGWT RQWT EQPPGEVGWTU UQNCKTGU 5QNCTNQM

2QUKVKQPPGWT RQWT GV

2QUKVKQPPGWT RQWT EQPPGEVGWTU UQNCKTGU /%

/CNNGVVG ¼ QWVKNU RQWT NG RJQVQXQNVCËSWG

/CPEJQPU ´ OO

#9)

EQPPGEVGWTU RQWT E¾DNGU ¼ HKDTGU QRVKSWGU R GZ *CTVKPI

2TQHQPFGWT FG UGTVKUUCIG OO

EQORTGPCPV FGU QWVKNU RQWT NG RJQVQXQNVCËSWG UCPU GODQWVU ¼ UGTVKT s EQPVGPW CW EJQKZ s ¼ EQOOCPFGT UÃ…RCTÃ…OGPV XQKT TÃ…H â– CXGE QWVKN FG OQPVCIG ENÃ… RQWT XKU ¼ UKZ RCPU ETGWZ RQWT EJCPIGT NGU RTQHKNU FG UGTVKUUCIG â– EQHHTGV GP RNCUVKSWG TQDWUVG â– RNCVGCW GP OQWUUG CXGE GORTGKPVGU RQWT TCPIGT NGU QWVKNU RQWT NGU RTQHKNU FG UGTVKUUCIG GV NGU RQUKVKQPPGWTU â– FKOGPUKQPU GZVÃ…TKGWT . Z * Z 2 Z Z OO â– â–

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3WCPVKVÃ…

/CNNGVVG ¼ QWVKNU RQWT NG RJQVQXQNVCËSWG 2KPEG ¼ FÃ…PWFGT FG RTÃ…EKUKQP CXGE EQWVGCWZ FG HQTOG %QWRG E¾DNGU 2KPEG ¼ UGTVKT WPKXGTUGNNG RQWT RTQHKNU FG UGTVKUUCIG KPVGTEJCPIGCDNGU

I

2+0%'5 œ 5'46+4

/CNNGVVG ¼ QWVKNU RQWT NG RJQVQXQNVCËSWG /% /WNVK %QPVCEV

LGW FnQWVKNU EQORNGV RQWT NG OQPVCIG FG EQPPGEVGWTU /% CXGE QWVKN FG OQPVCIG ENÃ… RQWT XKU ¼ UKZ RCPU ETGWZ RQWT EJCPIGT NGU RTQHKNU FG UGTVKUUCIG â– EQHHTGV GP RNCUVKSWG TQDWUVG â– RNCVGCW GP OQWUUG CXGE GORTGKPVGU RQWT NGU QWVKNU NGU O¾EJQKTGU GV NGU RQUKVKQPPGWTU â– CXGE DQÊVGU GP RNCUVKSWG XKFGU RQWT NGU EQPUQOOCDNGU RQWT WP GSWKRGOGPV RGTUQPPGN â– FKOGPUKQPU GZVÃ…TKGWT . Z * Z 2 Z Z OO â– â–

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3WCPVKVÃ… /CNNGVVG ¼ QWVKNU RQWT NG RJQVQXQNVCËSWG /% /WNVK %QPVCEV

2KPEG ¼ FÃ…PWFGT FG RTÃ…EKUKQP CXGE EQWVGCWZ FG HQTOG

%QWRG E¾DNGU

2KPEG ¼ UGTVKT WPKXGTUGNNG RQWT RTQHKNU FG UGTVKUUCIG KPVGTEJCPIGCDNGU

2TQHKN FG UGTVKUUCIG RQWT EQPPGEVGWTU UQNCKTGU /% /WNVK %QPVCEV

2QUKVKQPPGWT RQWT EQPPGEVGWTU UQNCKTGU /%

1WVKN FG OQPVCIG RQWT EQPPGEVGWTU /%

1WVKN FG OQPVCIG RQWT EQPPGEVGWTU /%

RQWT NG OQPVCIG TCRKFG GV HCEKNG FG EQPPGEVGWTU UQNCKTGU /% â– RQWT NG OQPVCIG FnGODQWVU UQNCKTGU RQWT EQPPGEVGWTU O¾NGU FG ¼ OOÂŽ â– VTQKU GTIQVU OOÂŽ RQWT VKTGT NGU GODQWVU FCPU WPG RQKIPÃ…G COQXKDNG KPVÃ…ITÃ…G â– DQÊVKGT RNCUVKSWG TGPHQTEÃ… FG HKDTGU FG XGTTG â–

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.nQWVKN FG OQPVCIG GUV HQWTPK CXGE VTQKU GTIQVU 6QTRGFQ EQPXGPCPV CWZ FKHHÃ…TGPVGU UGEVKQPU FG E¾DNGU

'#0

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%CRCEKVÃ… OOÂŽ

,GW FG ENÃ…U FG OQPVCIG

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LGW FG ENÃ…U FG OQPVCIG RQWT NG UGTTCIG GV NG FGUUGTCIG FGU DQKVKGTU FnÃ…VCPEJGKVÃ… RQWT EQPPGEVGWTU UQNCKTGU /% â– RQWT FÃ…XGTTQWKNNGT NC HGTOGVWTG FW DQÊVKGT FnÃ…VCPEJGKVÃ… FGU EQPPGEVGWTU /% â– QWVKN GP RNCUVKSWG EJCTIÃ… FG XGTTG â– â–

RQWT EQPPGEVGWTU UQNCKTGU /% /WNVK %QPVCEV

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2+0%'5 5'46+4

1WVKN FG EQORTGUUKQP

2QWT NG UGTVKUUCIG FG EQPPGEVGWTU ( $0% GV 4%#

RQWT EQPPGEVGWTU EQCZKCWZ

'ZÅEWVKQP TQDWUVG EQPXKGPV CWZ E¾DNGU 4) VÆVG QTKGPVCDNG RQWT FKXGTUGU VCKNNGU FG E¾DNGU KPUGTV QTKGPVCDNG RQWT FKHHÅTGPVU V[RGU FG EQPPGEVGWTU XKU FG TÅINCIG RQWT FKHHÅTGPVGU NQPIWGWTU FG EQPPGEVGWTU GPVTG CWVTGU WVKNKUCDNG RQWT EQPPGEVGWTU FG EQORTGUUKQP -CVJTGKP '/- %CDNGEQP ( %: #UVTQ (-5

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&KOGPUKQP : CRTÄU NC EQORTGUUKQP

2KPEG ¼ UGTVKT RQWT EQPPGEVGWTU 5EQVEJNQM CXGE VTCPEJCPVU

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%QPPGEVGWTU

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#RRNKECVKQP FG EQPPGEVGWTU ( $0% GV 4%#

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RQWT NG UGTVKUUCIG FGU EQPFWEVGWTU FG E¾DNGU FG VÅNÅEQOOWPKECVKQPU QW FG UKIPCNKUCVKQP KUQNÅU RCT WPG ICKPG GP RNCUVKSWG UGNQP NG RTKPEK RG FW EQPVCEV GP 7 FCPU WP EQPPGEVGWT 5EQVEJNQM ■ FÅPWFCIG KPWVKNG NGU ÅNÅOGPVU GP 7 CUUWTGPV NG EQPVCEV ■ CXGE VTCPEJCPVU VTGORÅU RCT KPFWEVKQP ■ CXGE TGUUQTV FnQWXGTVWTG ■ #EKGT ÅNGEVTKSWG CW XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

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6ÆVG

2QKIPÅGU

#RRNKECVKQP

%CRCEKVÅ ´ OO

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RQNKG

ICKPÅGU GP RNCUVKSWG

EQPPGEVGWTU 5EQVEJNQM

2KPEG ¼ UGTVKT RQWT HKEJGU 9GUVGTP

QWVKN RTQHGUUKQPPGN RQWT EQWRGT GV FÅPWFGT NGU E¾DNGU FG VÅNÅRJQPG RNCVU PQP DNKPFÅU ■ RQWT UGTVKT NGU HKEJGU 9GUVGTP ¼ GV RÐNGU FGU V[RG 4,

NCTIGWT OO GV V[RG 4, NCTIGWT OO ■ UGTVKUUCIG RTÅEKU IT¾EG CW OQWXGOGPV RCTCNNÄNG ■ SWCNKVÅ FG UGTVKUUCIG VQWLQWTU ÅNGXÅG IT¾EG CW DNQECIG HQTEÅ FÅXGTTQWKNNCDNG ■ CXGE EQWRG E¾DNGU GV NCOG ¼ FÅPWFGT RQWT E¾DNGU RNCVU FG GV OO FG NQPIWGWT ■ CXGE HQPEVKQP FÅPWFCIG UWRRNÅOGPVCKTG RQWT E¾DNGU TQPFU ■ #EKGT ÅNGEVTKSWG CW EJTQOG XCPCFKWO GP SWCNKVÅ URÅEKCNG VTGORÅ ¼ NoJWKNG ■

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2QKIPÅGU

NCOGU FG TGEJCPIG RQWT

CXGE ICKPGU DK OCVKÄTG

%CRCEKVÅ

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4, ¼ RÐNGU OO 4, ¼ RÐNGU OO

2+0%'5 5'46+4

2KPEG ¼ UGTVKT RQWT HKEJGU 9GUVGTP

HQTEG CORNKHKÅG IT¾EG ¼ NC FÅOWNVKRNKECVKQP RCT IGPQWKNNÄTG RQWT WP VTCXCKN OQKPU HCVKIWCPV ■ CXGE EQWRG E¾DNGU GV NCOG ¼ FÅPWFGT RQWT E¾DNGU RNCVU FG GV OO FG NQPIWGWT ■ CXGE HQPEVKQP FÅPWFCIG UWRRNÅ OGPVCKTG RQWT E¾DNGU TQPFU ■ #EKGT ÅNGEVTKSWG CW EJTQOG XCPCFKWO GP SWCNKVÅ URÅEKCNG VTGORÅ ¼ NoJWKNG ■

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.COGU FG TGEJCPIG RQWT

2QKIPÅGU

%CRCEKVÅ

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CXGE ICKPGU DK OCVKÄTG

4, ¼ RÐNGU OO 4, ¼ RÐNGU OO 4, ¼ RÐNGU OO

2KPEGU ¼ UGTVKT HQTOG EQWTVG

SWCNKVÅ FG UGTVKUUCIG VQWLQWTU ÅNGXÅG IT¾EG CWZ RTQHKNU FG RTÅEKUKQP GV CW DNQECIG HQTEÅ

FÅXGTTQWKNNCDNG ■ NC RTGUUKQP FG UGTVKUUCIG GUV TÅINÅG CXGE RTÅEKUKQP GP WUKPG

ÅVCNQPPÅG CLWUVCDNG ■ HQTEG CORNKHKÅG IT¾EG ¼ NC FÅOWNVKRNKECVKQP RCT IGPQWKNNÄTG RQWT WP VTCXCKN OQKPU HCVKIWCPV ■ DQPPG RTKUG GP OCKP IT¾EG ¼ UC VÆVG EQWFÅG ¼ ¼ UQP RQKFU HCKDNG GV ¼ UC HQTOG EQWTVG ■ #EKGT ÅNGEVTKSWG CW EJTQOG XCPCFKWO GP SWCNKVÅ URÅEKCNG VTGORÅ ¼ NoJWKNG ■

QWVKN RTQHGUUKQPPGN RQWT EQWRGT GV FÅPWFGT NGU E¾DNGU FG VÅNÅ RJQPG RNCVU PQP DNKPFÅU ■ RQWT UGTVKT NGU HKEJGU 9GUVGTP ¼ GV RÐNGU FG V[RG 4,

NCTIGWT FG OO 4,

NCTIGWT FG OO GV 4,

NCTIGWT FG OO ■ UGTVKUUCIG RTÅEKU IT¾EG CW OQWXGOGPV RCTCNNÄNG ■ SWCNKVÅ FG UGTVKUUCIG VQWLQWTU ÅNGXÅG IT¾EG CW DNQECIG HQTEÅ

FÅXGTTQWKNNCDNG ■

FKURQPKDNG GP QRVKQP RQUKVKQPPGWT RQWT EQPPGEVGWTU PQP KUQNÅU ¼ H×V QWXGTV

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2QKIPÅGU

#RRNKECVKQP

CXGE ICKPGU DK OCVKÄTG

EQPPGEVGWTU PQP KUQNÅU ¼ H×V QWXGTV

NCTIGWT FG EQPPGEVGWT OO

CXGE ICKPGU DK OCVKÄTG

EQPPGEVGWTU RQWT E¾DNGU -1#: $0% GV 60% RQWT 4)

%CRCEKVÅ OO

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2QUKVKQPPGWT RQWT

2+0%'5 œ 5'46+4

2KPEGU ¼ UGTVKT Ã…ICNGOGPV RQWT RTKUG ¼ FGWZ OCKPU

RQWT EQPPGZKQPU Ã…NGEVTKSWGU UCPU UQWFCIG LWUSWn¼ FnGHHQTV Ã…EQPQOKUÃ… RCT TCRRQTV CWZ RKPEGU ¼ UGTVKT UVCPFCTF IT¾EG ¼ WPG FÃ…OWNVKRNKECVKQP RCT NGXKGT â– SWCNKVÃ… FG UGTVKUUCIG VQWLQWTU Ã…NGXÃ…G IT¾EG CWZ RTQHKNU FG RTÃ…EKUKQP GV CW DNQECIG HQTEÃ… FÃ…XGTTQWKNNCDNG â– NC RTGUUKQP FG UGTVKUUCIG GUV TÃ…INÃ…G CXGE RTÃ…EKUKQP GP WUKPG

Ã…VCNQPPÃ…G CLWUVCDNG â– RTKUG ¼ FGWZ OCKPU RQWT HCEKNKVGT NG UGTVKUUCIG FGU EQPFWEVGWTU FG E¾DNGU FG ITCPF FKCOÄVTG â– DQPPG RTKUG GP OCKP IT¾EG ¼ WP EGPVTG FG ITCXKVÃ… DKGP RNCEÃ… ¼ UC VÆVG EQWFÃ…G GV ¼ UGU RQKIPÃ…GU GTIQPQOKSWGU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO GP SWCNKVÃ… URÃ…EKCNG VTGORÃ… ¼ NoJWKNG â– â–

2TGOKÄTG Ã…VCRG TCRRTQEJG\ NGU FGWZ RQKIPÃ…GU FG FGWZ FQKIVU LWUSWn¼ EG SWG NGU FGWZ O¾EJQKTGU VQWEJGPV NG EQPPGEVGWT ¼ UGTVKT

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&GWZKÄOG ÅVCRG VGTOKPG\ GPUWKVG NG UGTVKUUCIG CXGE VQWVG NC OCKP

6TQKUKÄOG ÅVCRG UK XQWU CXG\ DGUQKP FG RNWU FG HQTEG RCT GZ RQWT UGTVKT FGU EQPPGEVGWTU KUQNÅU FG OOŽ NGU RQKIPÅGU NQPIWGU RGTOGVVGPV FnWVKNKUGT NC RKPEG CXGE NGU FGWZ OCKPU

%CRCEKVÃ… OOÂŽ #9) I OO OO OO OO

#RRNKECVKQP EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV

NCTIGWT FG EQPPGEVGWT OO

EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV

NCTIGWT FG EQPPGEVGWTU OO

EQUUGU KUQNÃ…GU EQPPGEVGWTU OCPEJQPU

GODQWVU FG E¾DNG KUQNÃ…U PQP KUQNÃ…U

GODQWVU FG E¾DNG KUQNÃ…U PQP KUQNÃ…U

EQPPGEVGWTU RQWT E¾DNGU EQCZKCWZ $0% GV 60%

EQUUGU PQP KUQNÃ…GU ¼ UGTVKT GV VWDWNCKTGU &+0 GV &+0 CKPUK SWG OCPEJQPU PQP KUQNÃ…U ¼ UGTVKT &+0 GV &+0

GODQWVU FG E¾DNG KUQNÃ…U PQP KUQNÃ…U

EQUUGU GV EQPPGEVGWTU PQP KUQNÃ…U

2QUKVKQPPGWT RQWT 2QUKVKQPPGWT RQWT

2+0%'5 œ 5'46+4

-0+2': 2TGEK(QTEGŠ 2KPEGU ¼ UGTVKT

2QWT NGU UGTVKUUCIGU SWnKNU TÃ…CNKUGPV SWQVKFKGPPGOGPV NGU RTQHGUUKQPPGNU QPV DGUQKP FnWPG RKPEG ¼ UGTVKT HKCDNG GV RTÃ…EKUG 'NNG FQKV FnCWVTG RCTV ÆVTG NÃ…IÄTG RTCVKSWG TQDWUVG GV RGW EQ×VGWUG EGVVG RKPEG EnGUV NC 2TGEK(QTEGŠ

SWCNKVÃ… FG UGTVKUUCIG VQWLQWTU Ã…NGXÃ…G IT¾EG CWZ RTQHKNU FG RTÃ…EKUKQP GV CW DNQECIG HQTEÃ… FÃ…XGTTQWKNNCDNG â– NC RTGUUKQP FG UGTVKUUCIG GUV TÃ…INÃ…G CXGE RTÃ…EKUKQP GP WUKPG

Ã…VCNQPPÃ…G CLWUVCDNG â– HQTEG CORNKHKÃ…G IT¾EG ¼ NC FÃ…OWNVKRNKECVKQP RCT IGPQWKNNÄTG RQWT WP VTCXCKN OQKPU HCVKIWCPV â– DQPPG RTKUG GP OCKP IT¾EG ¼ WPG RQUKVKQP FGU RQKIPÃ…GU RTCVKSWG ¼ UQP RQKFU HCKDNG ¼ UC HQTOG EQWTVG GV ¼ UGU RQKIPÃ…GU GTIQPQOKSWGU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO GP SWCNKVÃ… URÃ…EKCNG VTGORÃ… ¼ NoJWKNG â–

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#RRNKECVKQP

OCPEJQPU PQP KUQNÃ…U ¼ UGTVKT &+0

EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV

NCTIGWT FG EQPPGEVGWT OO

EQPPGEVGWTU PQP KUQNÃ…U ¼ H×V QWXGTV NCTIGWT FG EQPPGEVGWTU OO

EQUUGU KUQNÃ…GU EQPPGEVGWTU OCPEJQPU

EQPPGEVGWTU UQWU ICKPG VJGTOQTÃ…VTCEVCDNG

GODQWVU FG E¾DNG KUQNÃ…U PQP KUQNÃ…U

EQPPGEVGWTU RQWT E¾DNGU EQCZKCWZ $0% RQWT 4)

2QUKVKQPPGWT RQWT 2QUKVKQPPGWT RQWT

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OO OO OO OO

EQUUGU PQP KUQNÃ…GU ¼ UGTVKT GV VWDWNCKTGU &+0 GV &+0 CKPUK SWG OCPEJQPU PQP KUQNÃ…U ¼ UGTVKT &+0 GV &+0

%CRCEKVÃ… OOÂŽ

2+0%'5 5'46+4

2KPEGU ¼ UGTVKT ¼ SWCVTG RQKPVU RQWT EQPVCEVU VQWTPÅU

.GU EQPVCEVU VQWTPÅU UnWVKNKUGPV RQWT TÅCNKUGT FGU EQPPGZKQPU GZKIGCPVGU RCT GZ FCPU NGU FQOCKPGU FG NC OÅFGEKPG GV FG NnCÅTQPCWVKSWG &GU EQPPGZKQPU UGTVKGU FnWPG HKCDKNKVÅ OCZKOCNG PG RGWXGPV UnQDVGPKT SWG IT¾EG ¼ FGU RKPEGU FnWPG RTÅEKUKQP OCZKOCNG SWK TGURGEVGPV NC RTQHQPFGWT FG UGTVKUUCIG PÅEGUUCKTG FG |OO

RQWT UGTVKT NGU EQPVCEVU VQWTPÅU UGTVKUUCIG ¼ SWCVTG RQKPVU RQWT WPG EQPPGZKQP UGTVKG FG SWCNKVÅ UWRÅTKGWTG ■ ECNKDTG RQWT EQPVTÐNGT NG TÅINCIG FG DCUG ■ SWCNKVÅ FG UGTVKUUCIG VQWLQWTU ÅNGXÅG IT¾EG CW DNQECIG HQTEÅ

FÅXGTTQWKNNCDNG ■ HQTEG CORNKHKÅG IT¾EG ¼ NC FÅOWNVKRNKECVKQP RCT NGXKGT VTÄU GHHKECEG RQWT WP VTCXCKN OQKPU HCVKIWCPV ■ VTÄU EQPHQTVCDNG ¼ WVKNKUGT IT¾EG ¼ UC HQTOG RTCVKSWG ■ #EKGT ÅNGEVTKSWG CW EJTQOG XCPCFKWO GP SWCNKVÅ URÅEKCNG VTGORÅ ¼ NoJWKNG ■ ■

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TÅINCIG FG RTGUUKQP RTÅEKU RQWT FKHHÅTGPVGU UGEVKQPU FG EQPFWEVGWT IT¾EG ¼ WPG OQNGVVG FG TÅINCIG 2KPEG HQWTPKG GP OCNNGVVG RNCUVKSWG CXGE RNCVGCW FG OQWUUG GV RQUKVKQPPGWT RQWT NGU EQPVCEVU

&) UGTVKUUCIG TÅINCDNG RCT ÅVCRG FG |OO CXGE CHHKEJCIG PWOÅTKSWG FGU OGUWTGU FG UGTVKUUCIG TÅINÅGU GV RQUUKDKNKVÅ FG TGECNKDTCIG IT¾EG ¼ NC HQPEVKQP 4'5'6 ¼ EQPVTÐNG FnWUWTG ÅNGEVTQPKSWG TÅINCIG GP OO RQWEGU QW RQUKVKQPU 5GNGEVQT EQORCTCDNGU UGNQP /+. 2KPEG HQWTPKG GP OCNNGVVG RNCUVKSWG CXGE RNCVGCW FG OQWUUG GV RQUKVKQPPGWT RQWT NGU EQPVCEVU

TÅINCIG FG RTGUUKQP RTÅEKU UWT SWCVTG RQUKVKQPU RQWT FKHHÅTGPVGU UGEVKQPU FG EQPFWEVGWT IT¾EG ¼ WPG OQNGVVG FG TÅINCIG RQUKVKQPPGWT RQWT EQPVCEVU

TÅINCIG FG RTGUUKQP RTÅEKU RQWT FKHHÅTGPVGU UGEVKQPU FG EQPFWEVGWT IT¾EG ¼ WPG OQNGVVG FG TÅINCIG RQUKVKQPPGWT RQWT EQPVCEVU CXGE VCDNGCW RQWT FÅVGTOKPGT NGU XCNGWTU FG TÅINCIG RKPEG FCPU WPG OCNNGVVG GP RNCUVKSWG CXGE RNCVGCW GP OQWUUG

# TÅINCIG FG RTGUUKQP RTÅEKU RQWT FKHHÅTGPVGU UGEVKQPU FG EQPFWEVGWT IT¾EG ¼ WPG OQNGVVG FG TÅINCIG CXGE VCDNGCW RQWT FÅVGTOKPGT NGU XCNGWTU FG TÅINCIG RKPEG FCPU WPG OCNNGVVG GP RNCUVKSWG CXGE RNCVGCW GP OQWUUG

&)

&) UGTVKUUCIG TÅINCDNG RCT ÅVCRG FG |OO CXGE CHHKEJCIG PWOÅTKSWG FGU OGUWTGU FG UGTVKUUCIG TÅINÅGU GV RQUUKDKNKVÅ FG TGECNKDTCIG IT¾EG ¼ NC HQPEVKQP 4'5'6 ¼ EQPVTÐNG FnWUWTG ÅNGEVTQPKSWG TÅINCIG GP OO RQWEGU QW RQUKVKQPU 5GNGEVQT EQORCTCDNGU UGNQP /+. CXGE VCDNGCW RQWT FÅVGTOKPGT NGU XCNGWTU FG TÅINCIG RKPEG HQWTPKG GP OCNNGVVG RNCUVKSWG CXGE RNCVGCW FG OQWUUG GV RQUKVKQPPGWT RQWT NGU EQPVCEVU &) # UGTVKUUCIG TÅINCDNG RCT ÅVCRG FG |OO CXGE CHHKEJCIG PWOÅTKSWG FGU OGUWTGU FG UGTVKUUCIG TÅINÅGU GV RQUUKDKNKVÅ FG TGECNKDTCIG IT¾EG ¼ NC HQPEVKQP 4'5'6 ¼ EQPVTÐNG FnWUWTG ÅNGEVTQPKSWG TÅINCIG GP OO RQWEGU QW RQUKVKQPU 5GNGEVQT EQORCTCDNGU UGNQP /+. CXGE VCDNGCW RQWT FÅVGTOKPGT NGU XCNGWTU FG TÅINCIG RKPEG FCPU WPG OCNNGVVG GP RNCUVKSWG CXGE RNCVGCW GP OQWUUG UCPU RQUKVKQPPGWT RQUKVKQPPGWT RQWT NGU EQPVCEVU VQWTPÅU NQTU FW UGTVKUUCIG CLWUVCIG RTÅEKU ¼ NC NQPIWGWT ¼ OO GV CW FKCOÄVTG ¼ OO FW EQPPGEVGWT UGTVK RQUKVKQPPGWT WPKXGTUGNNGOGPV CLWUVCDNG GP RTQHQPFGWT GV GP FKCOÄVTG RQWT NG UGTVKUUCIG TÅRÅVKVKH CXGE WP CNKIPGOGPV GZCEV FGU EQPVCEVU VQWTPÅU FCPU NC RKPEG ¼ UGTVKT RGWV UoCFCRVGT ¼ NoGPUGODNG FGU EQPVCEVU VQWTPÅU FKURQPKDNGU UWT NG OCTEJÅ EQTTGURQPFCPV ¼ NC ECRCEKVÅ FGU RKPEGU

2+0%'5 œ 5'46+4

2QUKVKQPPGWT UVCPFCTF

#HHKEJGWT PWOÃ…TKSWG OWNVKHQPEVKQP TÃ…INCIG GP OO KPEJ QW ECNKDTG /+. EQORCTCDNG

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2KPEG

2QKIPÃ…GU

#RRNKECVKQP

%CRCEKVÃ… OOÂŽ

#9)

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EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

EQPVCEVU VQWTPÃ…U

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

EQPVCEVU VQWTPÃ…U

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

EQPVCEVU VQWTPÃ…U

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

EQPVCEVU VQWTPÅU RCT GZ *CT VKPI +NOG 2JQGPKZ #ORJGPQN 9CNVJGT |*65 |%QPVCEV |9GKFOØNNGT

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

EQPVCEVU VQWTPÅU RCT GZ *CT VKPI +NOG 2JQGPKZ #ORJGPQN 9CNVJGT |*65 |%QPVCEV |9GKFOØNNGT

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

EQPVCEVU VQWTPÅU RCT GZ *CT VKPI +NOG 2JQGPKZ #ORJGPQN 9CNVJGT |*65 |%QPVCEV |9GKFOØNNGT

EJTQOÃ…G

CXGE ICKPGU DK OCVKÄTG

EQPVCEVU VQWTPÅU RCT GZ *CT VKPI +NOG 2JQGPKZ #ORJGPQN 9CNVJGT |*65 |%QPVCEV |9GKFOØNNGT

2QUKVKQPPGWT WPKXGTUGN RQWT # &) &) #

2+0%'5 œ 5'46+4

2KPEGU ¼ UGTVKT CWVQ CLWUVCDNG RQWT GODQWVU FG E¾DNG CXGE CEEÄU NCVÃ…TCN

.C RGVKVG RKPEG ¼ UGTVKT RQWT GODQWVU FG E¾DNG C FGWZ ITQU CXCPVCIGU RQWT NnWVKNKUCVGWT s TÃ…INCIG CWVQOCVKSWG CW V[RG FnGODQWV FG E¾DNG WVKNKUÃ… HCEKNKVG NG VTCXCKN FW RTQHGUUKQPPGN GV NWK RGTOGV WP UGTVKU UCIG U×T HKCDNG GV TCRKFG s GZVGPUKQP FGU FQOCKPGU FnCRRNKECVKQP

5GTVKUUCIG ECTTÃ… OCKPVGPCPV CWUUK RQWT GODQWVU FG E¾DNGU LWUSWo¼ OOÂŽ 1WXGTVWTG RNWU HCKDNG GV OGKNNGWTG GTIQPQOKG

OO OO

UGTVKUUCIG ECTTÃ… RQWT UWTHCEGU FG EQPVCEV QRVKOCNGU FCPU NC DQTPG

.G EJCPIGOGPV FG ECRCEKVÃ… FG UGTVKUUCIG FG OOÂŽ ¼ OOÂŽ UoQRÄTG RCT UKORNG DCUEWNGOGPV

2TQRTKÃ…VÃ…U Ã…RTQWXÃ…GU Ŷ RQWT NG UGTVKUUCIG FGU GODQWVU FG E¾DNG UGNQP &+0 2CTVKG Ŷ CLWUVCIG CWVQOCVKSWG ¼ NC VCKNNG FoGODQWV UQWJCKVÃ…G RCU FoGTTGWT FG UGTVKUUCIG FWG ¼ NoWVKNKUCVKQP FW OCWXCKU RTQÆ‚N Ŷ EQPXKGPV ¼ VQWU NGU GODQWVU FG E¾DNG LWOGNÃ…U FCPU NC RNCIG FG ECRCEKVÃ… Ŷ SWCNKVÃ… FG UGTVKUUCIG VQWLQWTU Ã…NGXÃ…G IT¾EG CW DNQECIG HQTEÃ… FÃ…XGTTQWKNNCDNG

Ŷ RTGUUKQP FG UGTVKUUCIG TÃ…INÃ…G CXGE RTÃ…EKUKQP GP WUKPG Ã…VCNQPPÃ…G

Ŷ HQTEG CORNKÆ‚Ã…G IT¾EG ¼ NC FÃ…OWNVKRNKECVKQP RCT IGPQWKNNÄTG RQWT WP VTCXCKN OQKPU HCVKIWCPV

Ŷ VTÄU EQPHQTVCDNG ¼ WVKNKUGT IT¾EG ¼ UC HQTOG RTCVKSWG GV ¼ UC NÃ…IÄTGVÃ…

'ZVGPUKQP FG NC ECRCEKVÃ… FG UGTVKUUCIG ECTTÃ… LWUSWo¼ OOÂŽ 1WXGTVWTG RNWU HCKDNG GV OGKNNGWTG GTIQPQOKG

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UGTVKUUCIG JGZCIQPCN RQWT RGVKVU GODQWVU

2KPEG

2QKIPÃ…GU

#RRNKECVKQP

%CRCEKVÃ… OOÂŽ

#9)

I

DTWPKG CXGE ICKPGU DK OCVKÄTG

GODQWVU FG E¾DNG

DTWPKG CXGE ICKPGU DK OCVKÄTG

GODQWVU FG E¾DNG

2+0%'5 œ 5'46+4

2KPEGU ¼ UGTVKT CWVQ CLWUVCDNG RQWT GODQWVU FG E¾DNG KPVTQFWEVKQP HTQPVCNG

.C RGVKVG RKPEG ¼ UGTVKT RQWT GODQWVU FG E¾DNG C FGWZ ITQU CXCPVCIGU RQWT NnWVKNKUCVGWT s TÃ…INCIG CWVQOCVKSWG CW V[RG FnGODQWV FG E¾DNG WVKNKUÃ… UQWNCIG NG VTCXCKN FW RTQHGUUKQPPGN GV RGTOGV WP UGTVKUUCIG U×T HKCDNG GV TCRKFG s EQPXKGPV Ã…ICNGOGPV CWZ UGEVKQPU FG ITCPFG VCKNNG UGTVKUUCIG ECTTÃ… FG ¼ OOÂŽ s KPUGTVKQP RCT NnCXCPV HCEKNKVG NGU VTCXCWZ FKHHKEKNGU FCPU FGU GURCEGU EQPHKPÃ…U

RQWT NG UGTVKUUCIG FGU GODQWVU FG E¾DNG UGNQP &+0 2CTVKG â– CLWUVCIG CWVQOCVKSWG ¼ NC VCKNNG FnGODQWV UQWJCKVÃ…G RCU FnGTTGWT FG UGTVKUUCIG FWG ¼ NnWVKNKUCVKQP FW OCWXCKU RTQHKN â– EQPXKGPV ¼ VQWU NGU GODQWVU FG E¾DNG LWOGNÃ…U FCPU NC RNCIG FG ECRCEKVÃ… â– KPVTQFWEVKQP HTQPVCNG FG NnGODQWV FCPU NnQWVKN â– SWCNKVÃ… FG UGTVKUUCIG VQWLQWTU Ã…NGXÃ…G IT¾EG CW DNQECIG HQTEÃ…

FÃ…XGTTQWKNNCDNG â– NC RTGUUKQP FG UGTVKUUCIG GUV TÃ…INÃ…G CXGE RTÃ…EKUKQP GP WUKPG

Ã…VCNQPPÃ…G CLWUVCDNG â– HQTEG CORNKHKÃ…G IT¾EG ¼ NC FÃ…OWNVKRNKECVKQP RCT IGPQWKNNÄTG RQWT WP VTCXCKN OQKPU HCVKIWCPV â– VTÄU EQPHQTVCDNG ¼ WVKNKUGT IT¾EG ¼ UC HQTOG RTCVKSWG GV ¼ UC NÃ…IÄTGVÃ… â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO GP SWCNKVÃ… URÃ…EKCNG VTGORÃ… ¼ NoJWKNG â–

UGTVKUUCIG FG ¼ OOÂŽ FCPU WP UGWN RTQHKN KPVTQFWEVKQP NCVÃ…TCNG RCTCNNÄNG FnGODQWVU LWUSWn¼ OOÂŽ UGTVKUUCIG FG ¼ OOÂŽ GV OOÂŽ FCPU WP UGWN RTQHKN CXGE NGXKGT RQWT NG TÃ…INCIG FG NC RNCIG FG UGTVKUUCIG FG ¼ QW OOÂŽ

5GTVKUUCIG ECTTÃ…

+PVTQFWEVKQP HTQPVCNG FGU GODQWVU FG E¾DNG RCT GZ FCPU FGU CTOQKTGU FG EQOOCPFG

4Ã…H

'#0

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#EEÄU NCVÃ…TCN RCTCNNÄNG FGU GODQWVU FG E¾DNG LWUSWn¼ OOÂŽ GZ FCPU FGU GPFTQKVU GZKIWU

2KPEG

2QKIPÃ…GU

#RRNKECVKQP

%CRCEKVÃ… OOÂŽ

#9)

I

DTWPKG

CXGE ICKPGU DK OCVKÄTG

GODQWVU FG E¾DNG

DTWPKG

CXGE ICKPGU DK OCVKÄTG

GODQWVU FG E¾DNG

2+0%'5 œ 5'46+4

2KPEG ¼ UGTVKT RQWT OKETQ EQPPGEVGWTU UGTVKUUCIG RCTCNNÄNG

TÃ…INÃ…G CXGE RTÃ…EKUKQP GP WUKPG OQWXGOGPV FG UGTVKUUCIG RCT CNNÄNG RQWT TÃ…RQPFTG CWZ GZKIGP Ã…VCNQPPÃ…G CLWUVCDNG EGU RCTVKEWNKÄTGOGPV UVTKEVGU FGU â– HQTEG CORNKHKÃ…G IT¾EG ¼ NC FÃ…OWN VKRNKECVKQP RCT IGPQWKNNÄTG RQWT OKETQ EQPPGEVGWTU â– SWCNKVÃ… FG UGTVKUUCIG VQWLQWTU Ã…NG WP VTCXCKN OQKPU HCVKIWCPV XÃ…G IT¾EG CWZ RTQHKNU FG RTÃ…EKUKQP â– RKPEGU ¼ UGTVKT RQWT CWVTGU GV CW DNQECIG HQTEÃ… FÃ…XGTTQWKN OKETQ EQPPGEVGWTU FKURQPKDNGU UWT FGOCPFG RCT GZ *& /QFW NCDNG â– RQUKVKQPPGWT OQPVÃ… RQWT HKEJGU +8 /KETQ 6KOGT /35 GVE & 5WD OKPKCVWTGU RQWT WP RQUK â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPC VKQPPGOGPV GZCEV FW EQPPGEVGWT FKWO GP SWCNKVÃ… URÃ…EKCNG VTGORÃ… ¼ NoJWKNG GV FW E¾DNG â– NC RTGUUKQP FG UGTVKUUCIG GUV â–

4Ã…H

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2KPEG

2QKIPÃ…GU

#RRNKECVKQP

DTWPKG

CXGE ICKPGU DK OCVKÄTG

EQPPGEVGWTU & 5WD *& *&'

2KPEGU ¼ UGTVKT RQWT GODQWVU FG E¾DNG

%CRCEKVÃ… OOÂŽ

#9)

I

RQWT NG UGTVKUUCIG FnGODQWVU FG E¾DNG &+0 2CTVKG FG ¼ OOÂŽ â– UGTVKUUCIG CXGE RTQHKNU VTCRÃ…\QËFCWZ OCTSWÃ…U RQWT WPG EQPPGZKQP HKCDNG FG NC EQUUG CXGE NG EQPFWEVGWT â– #EKGT Ã…NGEVTKSWG CW XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

#

#

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'#0

OO

6ÆVG

2QKIPÃ…GU

%CRCEKVÃ… OOÂŽ

#9)

I

#

RQNKG

ICKPÃ…GU GP RNCUVKSWG

(

RQNKG

ICKPÃ…GU GP RNCUVKSWG

#

RQNKG

CXGE ICKPGU DK OCVKÄTG

#

RQNKG

KUQNÅGU CXGE ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

2+0%'5 œ 5'46+4

2KPEGU ¼ UGTVKT RQWT GODQWVU FG E¾DNG

#WUUK GP XGTUKQP 8&' 7P UGTVKUUCIG RNWU HCEKNG RCT FÃ…OWNVKRNKECVKQP QRVKOKUÃ…G %QPUVTWEVKQP NÃ…IÄTG GV Ã…NCPEÃ…G RQWT NG UGTVKUUCIG FnGODQWVU FG E¾DNG UGNQP &+0 2CTVKG FG ¼ OOÂŽ â– UGTVKUUCIG CXGE RTQHKNU FGOK TQPFU OCTSWÃ…U RQWT WPG EQPPGZKQP HKCDNG FG NC EQUUG CXGE NG EQPFWEVGWT â– ECXKVÃ…U VTÄU RTQHQPFGU ¼ HCEGU NCVÃ…TCNGU EQPKSWGU â– #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

OO

OO

OO

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6ÆVG

2QKIPÃ…GU

#RRNKECVKQP

%CRCEKVÃ… OOÂŽ

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RQNKG

ICKPÃ…GU GP RNCUVKSWG

GODQWVU FG E¾DNG

RQNKG

CXGE ICKPGU DK OCVKÄTG

GODQWVU FG E¾DNG

RQNKG

KUQNÃ…GU CXGE ICKPGU DK OCVKÄTG GODQWVU FG E¾DNG EGTVKHKÃ…GU 8&'

2KPEG ¼ UGTVKT RQWT GODQWVU FG E¾DNG KPVTQFWEVKQP HTQPVCNG

RQWT NG UGTVKUUCIG FnGODQWVU FG E¾DNG &+0 2CTVKG FG ¼ OOÂŽ â– RTCVKSWG RQWT NGU VTCXCWZ TÃ…CNKUÃ…U FCPU FGU GPFTQKVU FnCEEÄU FKHHKEKNG RCT GZ FCPU FGU CTOQKTGU FG EQOOCPFG RTQHQPFGU GV Ã…VTQKVGU â– #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

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6ÆVG

2QKIPÃ…GU

#RRNKECVKQP

RQNKG

ICKPÃ…GU GP RNCUVKSWG

GODQWVU FG E¾DNG

%CRCEKVÃ… OOÂŽ

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#55146+/'065 &' 5'46+55#)'

#UUQTVKOGPVU FG UGTVKUUCIG

GP EQHHTGV 6#015 /+0+ U[UVCKPGTŠ DQÊVG GP RNCUVKSWG VTÄU TQDWUVG HGTOGVWTG 6 .QE OCPKRWNCDNG ¼ WPG OCKP QWXGTVWTG QW HGTOGVWTG FW U[UVCKPGTŠ GV EQPPGZKQP ¼ WP FGWZKÄOG U[UVCKPGTŠ NG VQWV GP WP VQWT FG OCKP â– QWXGTVWTG GP Ã…VCV EQPPGEVÃ… CEEÄU HCEKNG GV TCRKFG CW EQPVGPW UCPU CXQKT ¼ FÃ…EQPPGEVGT NGU OCNNGVVGU â– FGWZ RNCVGCWZ GP RNCUVKSWG GORKNCDNGU EQORQTVCPV EJCEWP EQORCTVKOGPVU RQWT EQPPGEVGWTU â– CXGE WP CUUQTVKOGPV FnGODQWVU FG E¾DNG CXGE QW UCPU EQN GP RNCUVKSWG â– â–

RQWT GODQWVU FG E¾DNG

CXGE RKPEG ¼ UGTVKT RQWT GODQWVU FG E¾DNG

CXGE RKPEG ¼ FÃ…PWFGT CWVQ CLWUVCDNG CXGE RKPEG ¼ UGTVKT CWVQ CLWUVCDNG RQWT GODQWVU FG E¾DNG

CXGE RKPEG ¼ UGTVKT RQWT GODQWVU FG E¾DNG

CXGE RKPEG ¼ UGTVKT CWVQ CLWUVCDNG RQWT NGU GODQWVU FG E¾DNG CXGE RKPEG ¼ FÃ…PWFGT CWVQ CLWUVCDNG CXGE RKPEG ¼ UGTVKT CWVQ CLWUVCDNG RQWT NGU GODQWVU FG E¾DNG

CXGE RKPEG ¼ UGTVKT 2TGEK(QTEGŠ RQWT GODQWVU FG E¾DNG CXGE RKPEG ¼ FÃ…PWFGT CWVQOCVKSWG /WNVKUVTKR CXGE RKPEG ¼ UGTVKT CWVQ CLWUVCDNG RQWT GODQWVU FG E¾DNG

2QUUKDKNKVÅ FG EQPPGEVGT RNWUKGWTU DQÊVGU

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2KPEG

Z OOÂŽ

Z OOÂŽ

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6#015 /+0+ U[UVCKPGTŠ XKFG

Z OOÂŽ

Z OOÂŽ

Z OOÂŽ

Z OOÂŽ

I

#55146+/'065 &' 5'46+55#)'

#UUQTVKOGPVU FG UGTVKUUCIG

CXGE RKPEG Ã…VCW ¼ UGTVKT #

RQWT TCEEQTFU FG E¾DNG

CXGE RKPEG ¼ UGTVKT CXGE RKPEG ¼ UGTVKT ¼ NGXKGT 2TGEK(QTEGŠ RQWT EQUUGU FG E¾DNG GV EQPPGEVGWTU KUQNÃ…U

CXGE RKPEG ¼ FÃ…PWFGT CWVQOCVKSWG /WNVKUVTKR CXGE RKPEG ¼ UGTVKT ¼ NGXKGT 2TGEK(QTEGŠ

RQWT EQUUGU FG E¾DNG GV EQPPGEVGWTU KUQNÃ…U CXGE RKPEG ¼ UGTVKT

4CEEQTFU FG E¾DNG 4Ã…H

'#0

2KPEG

%QUUGU ENKRU HGOGNNGU Z OO %QUUGU HGOGNNGU ´ OO %QUUGU TQPFGU ´ OO # %QUUGU TQPFGU ´ OO %QUUGU TQPFGU ´ OO 2TQNQPICVGWTU KUQNÃ…U TQWIG 2TQNQPICVGWTU KUQNÃ…U DNGW %QUUGU O¾NGU ´ OO

%QUUGU ENKRU HGOGNNGU Z OO %QUUGU TQPFGU ´ OO

%QUUGU TQPFGU ´ OO %QUUGU TQPFGU ´ OO 2TQNQPICVGWTU KUQNÃ…U TQWIG 2TQNQPICVGWTU KUQNÃ…U DNGW %QUUGU O¾NGU ´ OO

%QUUGU ENKRU HGOGNNGU Z OO

%QUUGU TQPFGU ´ OO %QUUGU TQPFGU ´ OO %QUUGU TQPFGU ´ OO %QUUGU TQPFGU ´ OO %QUUGU TQPFGU ´ OO %QUUGU TQPFGU ´ OO %QUUGU TQPFGU ´ OO 2TQNQPICVGWTU KUQNÃ…U TQWIG 2TQNQPICVGWTU KUQNÃ…U LCWPG 2TQNQPICVGWTU KUQNÃ…U DNGW

%QUUGU ENKRU HGOGNNGU Z OO

%QUUGU TQPFGU ´ OO %QUUGU TQPFGU ´ OO %QUUGU TQPFGU ´ OO %QUUGU TQPFGU ´ OO %QUUGU TQPFGU ´ OO %QUUGU TQPFGU ´ OO 2TQNQPICVGWTU KUQNÃ…U TQWIG 2TQNQPICVGWTU KUQNÃ…U DNGW 2TQNQPICVGWTU KUQNÃ…U LCWPG

%QPPGEVGWTU PQP KUQNÃ…U Z OO

%QUUGU ENKRU HGOGNNGU Z OO

%QUUGU NCPIWGVVG Z OO %QUUGU TQPFGU ´ OO 2TQNQPICVGWTU KUQNÃ…U TQWIG 2TQNQPICVGWTU KUQNÃ…U DNGW 2TQNQPICVGWTU KUQNÃ…U LCWPG

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6#015 /+0+ U[UVCKPGTŠ XKFG

3WCPVKVÃ…

%¾DNG OOÂŽ

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4CEEQTFU FG E¾DNG &+0 4Ã…H

'#0 %QUUGU ENKRU HGOGNNGU KUQNÃ…GU

.CTIGWT Z Ã…RCKUUGWT OOÂŽ Z Z Z Z Z Z Z

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'#0 %QPPGEVGWTU PQP KUQNÃ…U

.CTIGWT Z Ã…RCKUUGWT OOÂŽ Z Z Z Z

4Ã…H

'#0 %QUUGU ENKRU ¼ NCPIWGVVG KUQNÃ…GU

.CTIGWT Z Ã…RCKUUGWT OOÂŽ Z Z Z

%¾DNG OOÂŽ

#9)

%QWNGWT FG TGRÃ…TCIG TQWIG DNGWG LCWPG

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'#0 %QUUGU NCPIWGVVG KUQNÃ…GU

.CTIGWT Z Ã…RCKUUGWT OOÂŽ Z Z Z

%¾DNG OOÂŽ

#9)

%QWNGWT FG TGRÃ…TCIG TQWIG DNGWG LCWPG

%¾DNG OOÂŽ

#9) %¾DNG OOÂŽ

%QWNGWT FG TGRÃ…TCIG TQWIG TQWIG DNGWG TQWIG DNGWG LCWPG DNGWG

#9)

'#0 4Ã…H %QUUGU HGOGNNGU KUQNÃ…GU

(KEJG O¾NG ´ OO

%¾DNG OOÂŽ

#9)

%QWNGWT FG TGRÃ…TCIG TQWIG DNGWG

'#0 4Ã…H %QUUGU O¾NGU KUQNÃ…GU

(KEJG O¾NG ´ OO

%¾DNG OOÂŽ

#9)

%QWNGWT FG TGRÃ…TCIG TQWIG DNGWG

%¾DNG OOÂŽ

#9)

%QWNGWT FG TGRÃ…TCIG TQWIG TQWIG TQWIG DNGWG DNGWG DNGWG DNGWG LCWPG LCWPG LCWPG LCWPG

4Ã…H

'#0 %QUUGU TQPFGU KUQNÃ…GU

8KU ´ OO

4Ã…H

'#0 %QUUGU ¼ UGTVKT

8KU ´ OO

%¾DNG OOÂŽ

#9)

#55146+/'065 &' 5'46+55#)'

4Ã…H

'#0 2TQNQPICVGWTU UQWU ICKPG VJGTOQTÃ…VTCEVCDNG

%¾DNG OOÂŽ

#9)

%QWNGWT FG TGRÃ…TCIG TQWIG DNGWG LCWPG

4Ã…H

'#0 2TQNQPICVGWTU KUQNÃ…U

%¾DNG OOÂŽ

#9)

%QWNGWT FG TGRÃ…TCIG TQWIG DNGWG LCWPG

4Ã…H

'#0 2TQNQPICVGWTU PQP KUQNÃ…U

%¾DNG OOÂŽ

#9)

OO

4Ã…H

'#0 'ODQWVU FG E¾DNG CXGE EQN GP RNCUVKSWG 'ODQWVU FG E¾DNG CXGE EQN GP RNCUVKSWG

OO

%¾DNG OOÂŽ

#9)

%QWNGWT FG TGRÃ…TCIG DNCPE ITKU TQWIG PQKT DNGWG ITKU LCWPG TQWIG DNGWG LCWPG DNCPE ITKU TQWIG PQKT DNGWG ITKU LCWPG TQWIG DNGWG LCWPG

4Ã…H

'#0 'ODQWVU FG E¾DNG LWOGNÃ…U CXGE EQN GP RNCUVKSWG

OO

%¾DNG OOÂŽ Z Z Z Z Z Z Z Z Z

#9) Z Z Z Z Z Z Z Z Z

%QWNGWT FG TGRÃ…TCIG DNCPE ITKU TQWIG PQKT DNGWG ITKU LCWPG TQWIG DNGWG

4Ã…H

'#0 'ODQWVU FG E¾DNG PQP KUQNÃ…U

OO

%¾DNG OOÂŽ

#9)

64#8#+..'4 5175 6'05+10 '56 4+537¥

.oÅNÅOGPV EQPFKVKQPPCPV NC UÅEWTKVÅ GUV ¼ EGV ÅICTF NoQWVKN %oGUV ¼ NWK SWG NG RTQHGUUKQPPGN EQPƂG UC UCPVÅ s FQPE RCU SWGUVKQP FG EQORTQOKU .GU QWVKNU 8&' -0+2': CNNKGPV FGU EQPVTÐNGU FG UÅEWTKVÅ KPVGPUKHU ¼ FGU FK\CKPGU FoCPPÅGU FG EQORÅVGPEG GV FoQTKGPVCVKQP SWCNKVÅ GP OCVKÄTG FoQWVKNU s ECT PQWU RTGPQPU CW UÅTKGWZ NC EQPƂCPEG FGU WVKNKUCVGWTU

1WVKNU KUQNÅU 2KPEGU $TWEGNNGU FG RTÅEKUKQP %QWRG E¾DNGU %QWRG E¾DNGU CEKGT 2KPEGU ¼ UGTVKT RQWT GODQWVU FG E¾DNG %NÅU 6QWTPGXKU %QWVGCWZ 2KPEGU GP RNCUVKSWG #ITCHG GP RNCUVKSWG 'ODQWVU FG UÅEWTKVÅ 'ODQWVU FG UÅEWTKVÅ CWVQDNQSWCPVU )CPVU RQWT ÅNGEVTKEKGP 0CRRGU KUQNCPVGU 5EKG 27- #UUQTVKOGPVU FnQWVKNU

2KPEG EQWRCPVG FG EÐVÅ 8&' -0+2': NoQWVKN KPFKURGPUCDNG CWZ OWNVKRNGU WUC IGU FCPU NoKPUVCNNCVKQP ÅNGEVTKSWG

%QPVTÐNG FG NoCFJÅTGPEG FW TGXÆVGOGPV KUQNCPV UQWU |0

%QPVTÐNG FGU RTQRTKÅVÅU FoKUQNGOGPV ÅNGEVTKSWG

.'5 176+.5 +51.¥5 5106 #((#+4' &' %10(+#0%' .GU RTQHGUUKQPPGNU HQPV EQPƂCPEG ¼ NGWT QWVKN %GVVG EQPƂCPEG GUV XKVCNG SWCPF QP VTCXCKNNG UWT FGU KPUVCNNCVKQPU ÅNGEVTKSWGU 'P VGPCPV UC RKPEG NG URÅEKCNKUVG C VQWLQWTU CWUUK UC UCPVÅ GP OCKP 0QU QWVKNU KUQNÅU TÅRQPFGPV FG EG HCKV PQP UGWNGOGPV CWZ GZKIGPEGU NÅICNGU +NU QHHTGPV GP QWVTG WP OCZKOWO FG UÅEWTKVÅ FG ƂCDKNKVÅ GV FG RGTHQTOCPEG OÆOG N¼ QÕ NC TÅINGOGPVCVKQP PG RTGUETKV TKGP CW FGUUQWU FG NoKUQNCVKQP

'UUCK FG VGPUKQP FG EJCSWG RKPEG UQWU | |8Ů

'UUCK FG RTGUUKQP ¼ | %

'UUCK FG EJQE CW HTQKF ¼ | %

5QWU NC TÅIKG FG PQTOGU

%QPVTÐNG KPFKXKFWGN ICTCPVK

2WKUUCPEG UQWU NnKUQNCVKQP

5GWN NG URÅEKCNKUVG HQTOÅ GP EQPUÅSWGPEG GUV JCDKNKVÅ ¼ VTCXCKNNGT UWT FGU KPUVCNNCVKQPU UQWU VGPUKQP &GU PQTOGU UÅXÄTGU UoCRRNKSWGPV ¼ EGV ÅICTF ¼ NC UÅEWTKVÅ CW VTCXCKN VGNNGU SWG NC PQTOG CNNGOCPFG &+0 8&' QW NGU PQTOGU KPVGTPCVKQPCNGU '0 GV +'% 'P VQWV ÅVCV FG ECWUG KN HCWV WVKNKUGT WP QWVKN URÅEKCNGOGPV HCDTKSWÅ GV EQPVTÐNÅ RQWT EGU VTCXCWZ .GU GZKIGPEGU CWZSWGNNGU FQKXGPV TÅRQPFTG NGU QWVKNU WVKNKUÅU RQWT FGU VTCXCWZ UQWU VGPUKQP UQPV RTÅEKUÅGU FCPU NC PQTOG &+0 '0 +'% .GU QWVKNU -0+2': URÅEKCNG OGPV GUVCORKNNÅU UQPV JQOQNQ IWÅU RQWT FGU VTCXCWZ UQWU VGPUKQP CNNCPV LWUSWo¼ |8Ů

%JCSWG QWVKN KUQNÅ GUV UQWOKU ¼ WP GUUCK FG ENC SWCIG UQWU |8Ů CXCPV FoÆVTG OKU FCPU NG EQOOGTEG #WVTGOGPV FKV NGU VTCXCWZ FCPU NC ICOOG FG VGPUKQP CNNCPV LWUSWo¼ |8Ů QPV WPG OCTIG FG UÅEWTKVÅ FG FKZ HQKU NC NKOKVG OCZKOCNG CWVQTKUÅG &oCWVTGU GUUCKU EQPVTÐNGPV NC TÅUKUVCPEG FG NoKUQNCVKQP ¼ NC EJCNGWT CW HTQKF ¼ NC VTCEVKQP GV CWZ EJQEU .C EQPHQTOKVÅ ¼ VQWU NGU ETKVÄTGU FW 8&' GUV ICTCPVKG PQP UGWNGOGPV RCT NoÅSWKRG FoCUUWTCPEG SWCNKVÅ FG -0+2': OCKU CWUUK RCT FGU QTICPKUOGU GV NCDQTCVQKTGU GZVGTPGU VGNU SWG NG 8&' NWK OÆOG %oGUV RQWT NoWVKNKUCVGWT SWG PQWU HCKUQPU VQWV EG VTCXCKN %CT EoGUV NWK SWK VQWVG NC LQWTPÅG EQPƂG UQP DKGP ÆVTG ¼ PQU RKPEGU 'V PQWU XQWNQPU FQPE NWK CUUWTGT ¼ VQWV OQOGPV WP OCZKOWO FG UÅEWTKVÅ 0QWU CUUWOQPU EGVVG TGURQPUCDKNKVÅ GP CRRQ UCPV PQVTG PQO UWT NoKUQNCVKQP FGU QWVKNU -0+2':

.oKUQNCVKQP GUV WP ICIG FG UÅEWTKVÅ FCPU NG VTCXCKN UWT NGU KPUVCNNCVKQPU ÅNGEVTKSWGU /CKU GNNG PG UCKV PK EQWRGT UCKUKT QW GPEQTG UGTVKT .C SWCNKVÅ INQDCNG FGU QWVKNU KUQNÅU KPENWG FQPE ÅICNGOGPV NGU RTQRTKÅVÅU OÅECPKSWGU FG NoQWVKN FG DCUG VGNNGU SWG ECRCEKVÅ FG EQWRG RTÅEKUK QP GV UQNKFKVÅ #XGE PQU RKPEGU KUQNÅGU NGU WVKNK UCVGWTU RGWXGPV HCKTG EQPƂCPEG ¼ NC SWCNKVÅ GV ¼ NoGPFWTCPEG FG RTQFWKVU KUUWU FG NC HCDTKEC VKQP -0+2': 2QWT NGU QWVKNU ¼ XKUUGT SWG PQWU KUQNQPU PQWU WVKNKUQPU FGU QWVKNU FG DCUG FG HQWTPKUUGWTU ÅRTQWXÅU FQPV PQWU EQPVTÐNQPU TÅIWNKÄTGOGPV GV UÅXÄTGOGPV NC SWCNKVÅ .G URÅEKCNKUVG RGWV HCKTG EQPƂCPEG ¼ EGVVG FQWDNG ƂCDKNKVÅ FG NoQWVKN GV FG NoKUQNGOGPV

176+.5 +51.Â¥5 8GWKNNG\ VQWLQWTU TGURGEVGT NGU RTGUETKRVKQPU EQWTCPVGU GV NGU %105+)0'5 &' 5Â¥%74+6Â¥ EK FGUUQWU 6TCPURQTVG\ XQU QWVKNU KUQNÃ…U FG OCPKÄTG ¼ GORÆEJGT VQWV GPFQOOCIGOGPV FG NnKUQNCVKQP â– 8Ã…TKHKG\ CXCPV EJCSWG WVKNKUCVKQP SWG NnKUQNCVKQP PnGUV RCU GPFQOOCIÃ…G Â¥NKOKPG\ VQWV QWVKN FÃ…HGEVWGWZ â– #UUWTG\ XQWU FG DKGP ICTFGT XQVTG QWVKN KUQNÃ… RTQRTG GV UGE â– +N GUV TGEQOOCPFÃ… FG RQTVGT FGU NWPGVVGU FG RTQVGEVKQP NQTU FG VTCXCWZ TÃ…CNKUÃ…U CXGE FGU RKPEGU EQWRCPVGU QW CW FGUUWU FG NC VÆVG â– 2QWT NGU VTCXCWZ UQWU VGPUKQP RQTVGT FGU NWPGVVGU FG RTQVGEVKQP QW WPG RTQVGEVKQP RQWT NG XKUCIG

â–

2KPEGU WPKXGTUGNNGU EJTQOG XCPCFKWO

8GKNNG\ DKGP ¼ ICTFGT NnGPFTQKV QÕ XQWU VTCXCKNNG\ RTQRTG GV TCPIÃ… RCTVKEWNKÄTGOGPV UK XQWU VTCXCKNNG\ UQWU VGPUKQP â– 7VKNKUG\ FGU XÆVGOGPVU GV Ã…SWKRGOGPVU FG RTQVGEVKQP RCT GZ ICPVU RQWT Ã…NGEVTKEKGP PCRRGU KUQNCPVGU JQWUUGU FG RTQVGEVKQP s UWTVQWV FCPU FGU GURCEGU GZKIWU â– 7VKNKUG\ WPKSWGOGPV FGU QWVKNU CWZ FKOGPUKQPU CFCRVÃ…GU 8QWU Ã…XKVG\ CKPUK SWG NnQWVKN PG INKUUG UWT NC RKÄEG GV SWnKN PG VQWEJG FGU RKÄEGU PQP KUQNÃ…GU â– 8GKNNG\ ¼ EG SWnCWEWPG RKÄEG FGUUGTTÃ…G PK CWEWPG GZVTÃ…OKVÃ… FG EQPFWEVGWT EQWRÃ…G PG VQODGPV UWT FGU RKÄEGU EQPFWEVTKEGU â–

RQWT UQNNKEKVCVKQPU GZVTÆOGU CXGE \QPGU FG RTÃ…JGPUKQP URÃ…EKCNGU RQWT OCVÃ…TKCWZ RNCVU GV TQPFU RQWT WPG WVKNKUCVKQP RQN[XCNGPVG â– CXGE VTCPEJCPVU RQWT HKNU FQWZ GV FWTU GV RQWT EQTFG ¼ RKCPQ â– VTCPEJCPVU NQPIU RQWT E¾DNGU Ã…RCKU â– VTCPEJCPVU VTGORÃ…U RCT KPFWEVKQP FWTGVÃ… FnGPX *4% â– O¾EJQKTGU RCTVKEWNKÄTGOGPV TÃ…UKUVCPVGU ¼ NnWUWTG FWTGVÃ… FnGPX *4% â– #EKGT JCWVG RGTHQTOCPEG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

&+0 +51 +'% &+0 '0

%CRCEKVÃ…U FG EQWRG

4Ã…H

'#0

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2KPEG

2QKIPÃ…GU

EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

2KPEGU WPKXGTUGNNGU ¼ HQTVG FÃ…OWNVKRNKECVKQP

´ OO ´ OO ´ OO

OOÂŽ

I

FnGHHQTV Ã…EQPQOKUÃ… RCT TCRRQTV ¼ FGU RKPEGU WPKXGTUGNNGU UVCPFCTF â– VTCXCKN RNWU HCEKNG IT¾EG ¼ WPG FÃ…OWNVKRNKECVKQP QRVKOKUÃ…G â– CXGE VTCPEJCPVU FWTGVÃ… GPX *4% RQWT HKNU FQWZ GV FWTU CKPUK SWG RQWT EQTFG ¼ RKCPQ â– VTCPEJCPVU NQPIU RQWT E¾DNGU Ã…RCKU â– CXGE \QPGU FG RTÃ…JGPUKQP URÃ…EKCNGU RQWT OCVÃ…TKCWZ RNCVU GV TQPFU RQWT WPG WVKNKUCVKQP RQN[XCNGPVG â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

&+0 +51 +'% &+0 '0

%CRCEKVÃ…U FG EQWRG

4Ã…H

'#0

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2KPEG

2QKIPÃ…GU

EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÃ…G

KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

´ OO ´ OO ´ OO

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I

176+.5 +51.Â¥5

2KPEGU WPKXGTUGNNGU

CXGE \QPGU FG RTÃ…JGPUKQP URÃ…EKCNGU RQWT OCVÃ…TKCWZ RNCVU GV TQPFU RQWT WPG WVKNKUCVKQP RQN[XCNGPVG â– CXGE VTCPEJCPVU RQWT HKNU FQWZ GV FWTU â– VTCPEJCPVU NQPIU RQWT E¾DNGU Ã…RCKU â– VTCPEJCPVU VTGORÃ…U RCT KPFWEVKQP FWTGVÃ… FnGPX *4% â– #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

&+0 +51 +'% &+0 '0

%CRCEKVÃ…U FG EQWRG 4Ã…H

'#0

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2KPEG

2QKIPÃ…GU

EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÃ…G

KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

2KPEGU ¼ FÃ…PWFGT

´ OO ´ OO ´ OO

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I

RQWT EQPFWEVGWTU WPKHKNCKTGU OWNVKHKNCKTGU GV HKNU HKPU KUQNCVKQP RNCUVKSWG QW ECQWVEJQWE FKCO OCZ OO GV UGEVKQP OOÂŽ â– TÃ…INCIG UKORNG FW FKCOÄVTG FW E¾DNG QW FW HKN IT¾EG ¼ NnÃ…ETQW OQNGVÃ… GV CW EQPVTG Ã…ETQW â– #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG ¼ NoJWKNG â–

+'% &+0 '0

4Ã…H

'#0

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%CRCEKVÃ…U FG FÃ…PWFCIG ´ OO

%CRCEKVÃ…U FG FÃ…PWFCIG OOÂŽ

#9)

I

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&' KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

2KPEG

2QKIPÃ…GU

EJTQOÃ…G

EJTQOÃ…G EJTQOÃ…G

176+.5 +51.Â¥5

2KPEGU RQWT KPUVCNNCVKQPU Ã…NGEVTKSWGU .C OWNVK VCNGPVU FW RTQHGUUKQPPGN

2KPEG OWNVKHQPEVKQP RQWT KPUVCNNCVKQPU Ã…NGEVTKSWGU RQWT UCKUKT NGU HQTOGU RNCVGU GV TQPFGU RNKGT Ã…DCXWTGT EQWRGT NGU E¾DNGU FÃ…PWFGT NGU EQPFWEVGWTU GV UGTVKT NGU EQUUGU

+'% &+0 '0

HQPEVKQPU GP WPG UGWNG RKPEG DGEU ¼ DQWV NKUUG RQWT UCKUKG UCPU GPFQOOCIGOGPV FG EQPFWEVGWTU KPFKXKFWGNU UWTHCEGU FG RTÃ…JGPUKQP GV \QPG UGTTG VWDG RQWT UCKUKG FG HQTOGU RNCVGU GV TQPFGU â– DQTF GZVÃ…TKGWT FG NC O¾EJQKTG ¼ CTÆVG RNWU XKXG RQWT TQIPGT NGU DQÊVGU GPECUVTÃ…GU GV Ã…DCXWTGT NGU VTQWU FG VTCXGTUÃ…G â– VTQWU FG FÃ…PWFCIG RQWT EQPFWEVGWTU FG OOÂŽ GV OOÂŽ â– OCVTKEG FG UGTVKUUCIG RQWT EQUUGU FG OOÂŽ â– EQWRG E¾DNGU ¼ VTCPEJCPVU FG RTÃ…EKUKQP VTGORÃ…U RCT KPFWEVKQP RQWT E¾DNGU %W GV #N CNNCPV LWUSWn¼ Z OOÂŽ OO FG FKCOÄVTG â– RTÃ…JGPUKQP UCPU QWXGTVWTG EQORNÄVG FG NC RKPEG OÃ…ECPKUOG KPVGN NKIGPV FG OCKPVKGP GP RQUKVKQP HGTOÃ…G UWT NC XGTUKQP ¼ TGUUQTV FnQW XGTVWTG .G VTCPEJCPV TGUVG HGTOÃ… GV RTQVÃ…IÃ… â– HQTOG Ã…NCPEÃ…G CUUWTCPV WPG DQPPG CEEGUUKDKNKVÃ… â– EJCTPKÄTG XKUUÃ…G OQWXGOGPV FG NC RKPEG RTÃ…EKU GV UCPU LGW â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

NG U[UVÄOG FG XGTTQWKNNCIG CEVKXÃ… OCKPVKGPV NGU VTCPEJCPVU HGTOÃ…U UCPU GORÆEJGT NGU CWVTGU HQPEVKQPU NG OÃ…ECPKUOG KPVGNNKIGPV FG OCKPVKGP RGTOGV FG ‡|UCKUKT|— UCPU CXQKT ¼ QWXTKT NC RKPEG .G VTCPEJCPV TGUVG HGTOÃ… GV RTQVÃ…IÃ… %CRCEKVÃ…U FG EQWRG '#0 4Ã…H

OO 2KPEG EJTQOÃ…G EJTQOÃ…G

2QKIPÅGU KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&' KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

2KPEG ¼ DGEU RNCVU

´ OO

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%CRCEKVÃ…U FG FÃ…PWFCIG RQWT DTKPU KPFKXKFWGNU OOÂŽ

%CRCEKVÃ… OOÂŽ

I

DGEU EQWTVU GV RNCVU KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ… â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

&+0 +51 +'% &+0 '0

&KOGPUKQPU 4Ã…H

'#0

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2KPEG EJTQOÃ…G

2QKIPÅGU KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

. OO

9 OO

6 OO

I

176+.5 +51.¥5

2KPEG ¼ FÅPWFGT EQWRCPVG FG EÐVÅ

#XGE VTCPEJCPV CNNQPIÅ

+'% &+0 '0

&ÅOWNVKRNKECVKQP COÅNKQTÅG RQWT WPG RWKUUCPEG FG EQWRG UWRÅTKGWTG FG VTQWU FG FÅPWFCIG RTÅEKU RQWT EQPFWEVGWTU WPKHKNCKTGU OCUUKHU FG GV OO ■ FÅEQWRG EQPHQTVCDNG FG E¾DNGU 0;/ LWUSWo¼ Z OO ■ RQKPVGU NQPIWGU RQWT VTCXCWZ FG EQWRG FG RTÅEKUKQP ÅICNGOGPV RQUUKDNG FCPU FGU GURCEGU GZKIWU ■ VTCPEJCPVU FG RTÅEKUKQP VTGORÅU RCT KPFWEVKQP FWTGVÅ FGU VTCPEJCPVU GPX |*4% ■ #EKGT ÅNGEVTKSWG CW XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

%CRCEKVÅU FG EQWRG '#0

4ÅH

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2KPEG

2QKIPÅGU

EJTQOÅG KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

2KPEG ¼ DGEU TQPFU

%CRCEKVÅU FG FÅPWFCIG OO

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´ OO

´ OO

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RQWT RNKGT NGU yKNNGVU DGEU EQWTVU GV TQPFU OGWNÅU CXGE RTÅEKUKQP ■ RQKPVGU NKUUGU ■ #EKGT ÅNGEVTKSWG CW EJTQOG XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■ ■

&+0 +51 +'% &+0 '0

&KOGPUKQPU 4ÅH

'#0

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2KPEG EJTQOÅG

2QKIPÅGU KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

. OO

9 OO

& OO

6 OO

I

176+.5 +51.Â¥5

2KPEGU ¼ DGEU FGOK TQPFU CXGE VTCPEJCPV 2KPEGU TCFKQ

EQPXKGPV RQWT NGU VTCXCWZ PÃ…EGUUKVCPV WPG RTKUG GV WPG EQWRG FG RTÃ…EKUKQP â– DGEU RQKPVWU FGOK TQPFU â– KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ… â– CXGE VTCPEJCPVU RQWT HKNU OK FWTU GV FWTU â– VTCPEJCPVU VTGORÃ…U RCT KPFWEVKQP FWTGVÃ… FnGPX *4% â– #EKGT Ã…NGEVTKSWG CW XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

&+0 +51 +'% &+0 '0

40°

%CRCEKVÃ…U FG EQWRG '#0

4Ã…H

OO

40°

&KOGPUKQPU

´ OO

´ OO

. OO

EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

2KPEG

2QKIPÃ…GU

2KPEGU ¼ DGEU FGOK TQPFU CXGE VTCPEJCPV 2KPEGU DGE FG EKIQIPG

. OO

9 OO

6 OO

9 OO

6 OO

I

RQKPVGU FG RTÃ…EKUKQP Ã…NCUVKSWGU GV VTÄU TÃ…UKUVCPVGU DGEU FGOK TQPFU NQPIU â– KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ… â– CXGE VTCPEJCPVU RQWT HKNU OK FWTU FG OO FG FKCOÄVTG GV FWTU FG OO FG FKCOÄVTG â– VTCPEJCPVU VTGORÃ…U RCT KPFWEVKQP FWTGVÃ… FnGPX *4% â– #EKGT Ã…NGEVTKSWG CW XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

â–

&+0 +51 +'% &+0 '0

40°

%CRCEKVÃ…U FG EQWRG

4Ã…H

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40°

40°

&KOGPUKQPU

´ OO

´ OO

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

. . 6 9 9 6 OO OO OO OO OO OO I

EJTQOÃ…G

KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÃ…G

KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

2KPEG

2QKIPÃ…GU

EJTQOÃ…G

176+.5 +51.¥5

2KPEGU ¼ DGEU NQPIU

VTÄU TQDWUVG GV TÅUKUVCPV ¼ NnWUWTG RNWUKGWTU HQTOGU FG DGEU FKURQPKDNGU ■ #EKGT ÅNGEVTKSWG CW EJTQOG XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■ ■

&+0 +51 +'% &+0 '0

(QTOGG KPVÅTKGWT FGU O¾EJQKTGU UVTKÅ DGEU NQPIU GV RNCVU (QTOGG DGEU NQPIU GV TQPFU KPVÅTKGWT FGU O¾EJQKTGU NKUUG

&KOGPUKQPU '#0

4ÅH

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(QTOG 2KPEG

2QKIPÅGU

EJTQOÅG

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÅG

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

2KPEGU EQWRCPVGU FG EÐVÅ

. OO

9 OO

6 OO

9 OO

6 OO

I

NC RKPEG EQWRCPVG FG EÐVÅ KPFKURGPUCDNG RQWT WPG WVKNKUCVKQP RQN[XCNGPVG ■ OCVÅTKCWZ FG SWCNKVÅ UWRÅTKGWTG GV HKPKVKQP FG RTÅEKUKQP RQWT WPG NQPIWG XKG ■ VTCPEJCPVU FG RTÅEKUKQP RQWT HKNU FQWZ GV FWTU ■ EQWRG PGVVG FGU HKNU GP EWKXTG HKPU OÆOG GP DQWV FG VTCPEJCPVU ■ VTCPEJCPVU VTGORÅU RCT KPFWEVKQP FWTGVÅ FnGPX *4% ■ VÆVG ÅVTQKVG RGTOGVVCPV WPG WVKNKUCVKQP FCPU FGU GPFTQKVU FnCEEÄU FKHHKEKNG ■ #EKGT ÅNGEVTKSWG CW XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

&+0 +51 +'% &+0 '0

6ÆVG ÅHHKNÅG GV EQWRG GZCEVG ¼ NC RQKPVG FGU VTCPEJCPVU RTCVKSWG FCPU NGU GPFTQKVU FKHHKEKNG FnCEEÄU

%CRCEKVÅU FG EQWRG 4ÅH

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2KPEG

2QKIPÅGU

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÅG

EJTQOÅG

EJTQOÅG

KUQNÅGU RCT UWTOQWNCIG EGTVKHKÅGU 8&' KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

´ OO

´ OO ´ OO

I

176+.5 +51.¥5

-0+2': : %WV 2KPEG EQWRCPVG FG EÐVÅ

FnGHHQTV ÅEQPQOKUÅ RCT TCRRQTV ¼ WPG RKPEG EQWRCPVG FG EÐVÅ UVCPFCTF FG NC OÆOG NQPIWGWT #XGE N CZG FnCTVKEWNCVKQP ¼ FQWDNG HKZCVKQP

&+0 +51 +'% &+0 '0

%QORCEVG GV RNWU NÅIÄTG 2WKUUCPVG GV RTÅEKUG %QWRG CWUUK DKGP NGU HKNU NGU RNWU HKPU SWG NGU E¾DNGU ¼ RNWUKGWTU EQPFWEVGWTU GV NC EQTFG ¼ RKCPQ FWTG EJCTPKÄTG GPVTGRCUUÅG GZVTÆOG UQNKFKVÅ GV NÅIÄTGVÅ CZG FnCTVKEWNCVKQP ¼ FQWDNG HKZCVKQP RQWT UQNNKEKVCVKQPU GZVTÆOGU GP TÅIKOG RGTOCPGPV ■ RWKUUCPEG FG EQWRG ÅNGXÅG GV GHHQTV RJ[UKSWG TÅFWKV RCT CFCRVCVKQP QRVKOCNG FG NnCPING FGU VTCPEJCPVU GV FW TCRRQTV FG FÅOWNVKRNKECVKQP ■ ITCPFG QWXGTVWTG RQWT ITQU E¾DNGU ■ EQWRG RTÅEKUG OÆOG UWT OKPEGU HKNU FG EWKXTG ■ EQPUVTWEVKQP EQORCEVG HCKUCPV ICIPGT FW RQKFU ■ WVKNKUCVKQP WPKXGTUGNNG FCPU NnKPUVCNNCVKQP NC OCKPVGPCPEG GV NC RTQFWEVKQP ■ #EKGT JCWVG RGTHQTOCPEG CW EJTQOG XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

■

%CRCEKVÅU FG EQWRG '#0

4ÅH

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2KPEG

2QKIPÅGU

´ OO ´ OO ´ OO ´ OO ´ OO

EJTQOÅG

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

2KPEGU EQWRCPVGU FG EÐVÅ ¼ HQTVG FÅOWNVKRNKECVKQP

I

FnGHHQTV ÅEQPQOKUÅ EQORCTÅ ¼ FGU RKPEGU EQWRCPVGU FG EÐVÅ UVCPFCTF FG NC OÆOG NQPIWGWT #XGE CZG FG EJCTPKÄTG HQTIÅ

&+0 +51 +'% &+0 '0

CXGE CZG FG TQVCVKQP KPVÅITÅ RQWT FGU WVKNKUCVKQPU GZVTÆOGU GV GP EQPVKPWGU ■ EQPXKGPV RCTHCKVGOGPV ¼ VQWU NGU V[RGU FG HKNU OÆOG ¼ NC EQTFG ¼ RKCPQ ■ RWKUUCPEG FG EQWRG ÅNGXÅG GV GHHQTV RJ[UKSWG TÅFWKV IT¾EG ¼ NC RCTHCKVG CFCRVCVKQP FG NnCPING FG EQWRG GV FW TCRRQTV FG FÅOWNVKRNKECVKQP ■ VTCPEJCPVU FG RTÅEKUKQP VTGORÅU RCT KPFWEVKQP FWTGVÅ FnGPX *4% ■ #EKGT JCWVG RGTHQTOCPEG CW EJTQOG XCPCFKWO HQTIÅ VTGORÅ ¼ NoJWKNG ■

.QPIWGWT OO NC RKPEG EQWRCPVG FG EÐVÅ FG OO FG NQPIWGWT EQPXKGPV RQWT NGU EQPFWEVGWTU GP EWKXTG LWUSWn¼ OO GV NGU EQPFWEVGWTU GP CNWOKPKWO LWUSWn¼ OO

%CRCEKVÅU FG EQWRG

4ÅH

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2KPEG

2QKIPÅGU

EJTQOÅG

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÅG

KUQNÅGU RCT UWTOQWNCIG EGTVKHKÅGU 8&'

´ OO

´ OO

´ OO

I

176+.5 +51.Â¥5

2KPEG ENÃ… KUQNÃ…G

RKPEG GV ENÃ… ¼ NC HQKU EQPXKGPV CWUUK RCTHCKVGOGPV RQWT UCKUKT VGPKT RTGUUGT GV OGVVTG GP HQTOG â– CWEWP GPFQOOCIGOGPV FGU CTÆVGU FGU Ã…ETQWU UGPUKDNGU GV PQP VTGORÃ…U %W IT¾EG ¼ WPG RTGUUKQP WPKHQTOG GV UCPU LGW FGU O¾EJQKTGU â– CXGE ITCFWCVKQP RGTOGVVCPV WP RTÃ…TÃ…INCIG UCPU EQPVCEV CXGE NC RKÄEG â– RCU FG FÃ…TÃ…INCIG CEEKFGPVGN FGU O¾EJQKTGU PK FG INKUUGOGPV FG NC EJCTPKÄTG â– UCKUKG UCPU ¼ EQWRU FG VQWVGU NGU NCTIGWTU LWUSWn¼ NC ECRCEKVÃ… OCZKOCNG KPFKSWÃ…G IT¾EG ¼ UGU O¾EJQKTGU RCTCNNÄNGU â– NC EQWTUG GPVTG NGU O¾EJQKTGU RGTOGV WP UGTTCIG GV WP FGUUGTTCIG TCRKFGU UGNQP NG RTKPEKRG FW ENKSWGV â– HQTEG FG UGTTCIG Ã…NGXÃ…G IT¾EG ¼ WPG VTCPUOKUUKQP FG HQTEG OCPWGNNG OWNVKRNKÃ…G RCT â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

+'% &+0 '0

)TCFWCVKQP RQWT TÅINGT NC RNCIG FG RTÅJGP UKQP UCPU EQPVCEV CXGE NC RKÄEG

&KOGPUKQPU '#0 4Ã…H

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2KPEG EJTQOÃ…G

2QKIPÃ…GU RQWEGU KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

-0+2': #NNKICVQTŠ 2KPEGU OWNVKRTKUG

RNWU FG RGTHQTOCPEG GV FG EQPHQTV SWnCXGE FGU RKPEGU OWNVKRTKUG UVCPFCTF FG NC OÆOG NQPIWGWT TÃ…INCIG FW ENKSWGV ¼ RQUKVKQPU RQWT WPG ECRCEKVÃ… FG RTÃ…JGPUKQP RNWU Ã…NGXÃ…G â– DQP CEEÄU ¼ NC RKÄEG IT¾EG ¼ NC HQTOG GHHKNÃ…G FG NC \QPG VÆVG EJCTPKÄTG â– EJCTPKÄTG GPVTGRCUUÃ…G ITCP FG UVCDKNKVÃ… IT¾EG CW FQWDNG IWKFCIG â– CWVQDNQSWCPVG UWT VWDGU GV Ã…ETQWU PG INKUUG RCU UWT NC RKÄEG VTCXCKN PÃ…EGUUKVCPV OQKPU FnGHHQTV â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– GHHGV FG NGXKGT RTCVKSWG GHHQTV CORNKHKÃ… QRVKOCN

4Ã…H

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2QUKVKQPU $ $ FG TÃ…INCIG OO OO

$ OO

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KPVÃ…TKGWT FGU O¾EJQKTGU ¼ FGPVU URÃ…EKCNGOGPV VTGORÃ…GU FWTGVÃ… FnGPX *4% UGTTCIG U×T IT¾EG ¼ WPG ITCPFG TÃ…UKUVCPEG ¼ NnWUWTG â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

2KPEG

2QKIPÃ…GU

EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÃ…G

KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

´ RQWEGU ´ OO

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2QUKVKQPU FG TÃ…INCIG

I

176+.5 +51.Â¥5

-0+2': %QDTCŠ 8&'

#XGE NC -0+2': %QDTCŠ 8&' NG TÃ…INCIG RGTOGVVCPV FnCLWUVGT NnQWVKN ¼ NC RKÄEG UG HCKV FG OCPKÄTG TCRKFG GV U×TG RQUKVKQPPGT NC RKPEG QWXGTVG GP RQUCPV NC O¾EJQKTG UWRÃ…TKGWTG UWT NC RKÄEG TGHGTOGT NC RKPEG EnGUV HKPK|

2KPEG OWNVKRTKUG FG RQKPVG KUQNÃ…G &+0 +51 +'% &+0 '0

TÃ…INCIG RCT INKUUGOGPV FG NC O¾EJQKTG ¼ OÆOG NC RKÄEG OCPKGOGPV TCRKFG HKCDNG GV EQPHQTVCDNG â– QWXGTVWTG GP CRRW[CPV UWT NG DQWVQP UCPU EQPVCEV CXGE NC RKÄEG â– CLWUVCIG RTÃ…EKU ¼ FKHHÃ…TGPVGU VCKNNGU FG RKÄEG GV RQKIPÃ…GU GTIQPQOKSWGU â– DQP CEEÄU ¼ NC RKÄEG IT¾EG ¼ NC HQTOG GHHKNÃ…G FG NC \QPG VÆVG EJCTPKÄTG â– CWVQDNQSWCPVG UWT VWDGU GV Ã…ETQWU PG INKUUG RCU UWT NC RKÄEG VTCXCKN PÃ…EGUUKVCPV OQKPU FnGHHQTV â–

KPVÃ…TKGWT FGU O¾EJQKTGU ¼ FGPVU URÃ…EKCNGOGPV VTGORÃ…GU FWTGVÃ… FnGPX *4% UGTTCIG U×T IT¾EG ¼ WPG ITCPFG TÃ…UKUVCPEG ¼ NnWUWTG â– EJCTPKÄTG GPVTGRCUUÃ…G ITCP FG UVCDKNKVÃ… IT¾EG CW FQWDNG IWKFCIG â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– #EKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

4Ã…INCIG TCRKFG ¼ OÆOG NC RKÄEG UCPU CXQKT ¼ CRRW[GT UWT WP DQWVQP

+N UWHHKV FG TGHGTOGT NC RKPEG

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2KPEG

2QKIPÃ…GU

EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

´ RQWEGU ´ OO

OO

2QUKVKQPU FG TÃ…INCIG

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176+.5 +51.Â¥5

$TWEGNNGU FG RTÃ…EKUKQP

XÃ…TKHKÃ…G UGNQP %'+ KUQNCVKQP RCT UWTOQWNCIG â– PKEMGNÃ…G â– #EKGT ¼ TGUUQTV JCWVG TÃ…UKUVCPEG â– â–

+'% &+0 '0

RQWT VTCXCWZ FG OQPVCIG VTÄU FÃ…NKECVU RQKPVGU GZVTC HKPGU HQTOG FTQKVG KPVÃ…TKGWT FGU O¾EJQKTGU ¼ HKPKVKQP OCVG RQWT WPG RTKUG GP OCKP QRVKOCNG

HQTOG FTQKVG KPVÃ…TKGWT FGU O¾EJQKTGU HKPGOGPV UVTKÃ… RQKPVGU EQWFÃ…GU KPVÃ…TKGWT FGU O¾EJQKTGU HKPGOGPV UVTKÃ…

HQTOG FTQKVG KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ…

45°

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(KPKVKQP KUQNCVKQP RCT UWTOQWNCIG KUQNCVKQP RCT UWTOQWNCIG KUQNCVKQP RCT UWTOQWNCIG KUQNCVKQP RCT UWTOQWNCIG

45°

%QWRG E¾DNGU

I

RQWT EQWRGT NGU E¾DNGU GP EWKXTG GV CNWOKPKWO PG EQPXKGPV PK ¼ NC EQWRG FW HKN FnCEKGT PK ¼ FGU EQPFWEVGWTU GP EWKXTG Ã…VKTÃ…U ¼ HTQKF â– VTCPEJCPVU VTGORÃ…U OGWNÃ…U CXGE RTÃ…EKUKQP â– RCU FnÃ…ETCUGOGPV FÃ…HQTOCVKQP FW E¾DNG HCKDNG â– CXGE GTIQV RTQVGEVGWT â– EJCTPKÄTG XKUUÃ…G CLWUVCDNG â– EQTRU FG NoQWVKN FG EQWRG CEKGT EJKTWTIKECN KPQZ[FCDNG VTGORÃ… ¼ NoCKT â– RQKIPÃ…GU RNCUVKSWG TÃ…UKUVCPV CWZ EJQEU â– â–

+'% &+0 '0

%CRCEKVÃ…U FG EQWRG 4Ã…H

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6ÆVG 2QKIPÅGU RQNKG KUQNÅGU ICKPCIG GP RNCUVKSWG RCT GZVTWUKQP EGTVKHKÅGU 8&'

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176+.5 +51.¥5

%QWRG E¾DNGU

RQWT EQWRGT NGU E¾DNGU GP EWKXTG GV GP CNWOKPKWO WPKHKNCKTGU GV OWNVKHKNCKTGU ■ PG EQPXKGPV PK ¼ NC EQWRG FW HKN FnCEKGT PK ¼ FGU EQPFWEVGWTU GP EWKXTG ÅVKTÅU ¼ HTQKF ■ VTCPEJCPVU VTGORÅU OGWNÅU CXGE RTÅEKUKQP ■ EQWRG FW E¾DNG PGVVG GV UCPU ÅETCUGOGPV ■ EQWRG HCEKNG CXGE RTKUG FnWPG UGWNG OCKP ■ GTIQV FG RTQVGEVKQP ÅXKVCPV NGU RKPEGOGPVU ■ EJCTPKÄTG XKUUÅG TÅINCDNG UÅEWTKVÅ CWVQOCVKSWG ■ #EKGT ¼ QWVKNU FG SWCNKVÅ URÅEKCNG HQTIÅ VTGORÅ ¼ NoJWKNG ■

+'% &+0 '0

(QTOGG TGUUQTV FnQWXGTVWTG KPVÅITÅ FCPU NC EJCTPKÄTG KORGTFCDNG GV RTQVÅIÅ

%QWRG FnWP E¾DNG CXGE WPG RKPEG EQWRCPVG FG EÐVÅ GHHQTV RJ[UKSWG RNWU KORQTVCPV EQWRG RGW PGVVG FÅHQTOCVKQP GV ÅETCUG OGPV KORQTVCPVU FW E¾DNG

%QWRG FnWP E¾DNG CXGE WP EQWRG E¾DNGU EQWRG HCEKNG GV PGVVG UCPU FÅHQTOCVKQP FW E¾DNG

%CRCEKVÅU FG EQWRG 4ÅH

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1WVKN

2QKIPÅGU

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EJTQOÅG

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÅG

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

176+.5 +51.Â¥5

%QWRG E¾DNGU ¼ FQWDNG VTCPEJCPVU

RQWT EQWRGT NGU E¾DNGU GP EWKXTG GV CNWOKPKWO PG EQPXKGPV PK ¼ NC EQWRG FW HKN FnCEKGT PK ¼ FGU EQPFWEVGWTU GP EWKXTG Ã…VKTÃ…U ¼ HTQKF â– VTCPEJCPVU VTGORÃ…U OGWNÃ…U CXGE RTÃ…EKUKQP â– EQWRG FW E¾DNG PGVVG GV UCPU Ã…ETCUGOGPV â– EQWRG HCEKNG CXGE RTKUG FnWPG UGWNG OCKP â– WPG EQWRG RTÃ…NKOKPCKTG RWKU WPG EQWRG FÃ…HKPKVKXG GT GV ÄOG VTCPEJCPV RGTOGVVGPV FG UGEVKQPPGT Ã…ICNGOGPV FGU E¾DNGU FoWP FKCOÄVTG OCZ FG OO â– GHHQTV RJ[UKSWG HCKDNG IT¾EG ¼ WPG DQPPG FÃ…OWNVKRNKECVKQP GV ¼ WPG IÃ…QOÃ…VTKG FGU VTCPEJCPVU URÃ…EKCNG â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– EJCTPKÄTG XKUUÃ…G TÃ…INCDNG UÃ…EWTKVÃ… CWVQOCVKSWG â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

+'% &+0 '0

%QWRG RTÃ…NKOKPCKTG NG HCKV FnWVKNKUGT NG VTCPEJCPV CXCPV RQWT EQWRGT NnKUQNCVKQP FG E¾DNGU RNWU Ã…RCKU RGTOGV FG EQPUGTXGT WP FÃ…DCVVGOGPV GTIQPQOKSWG

%QWRG FÃ…HKPKVKXG WPG HQKU NC ICKPG FW E¾DNG EQWRÃ…G FCPU NG RTQHKN CXCPV QP EQWRG NGU EQPFWEVGWTU FCPU NG RTQHKN CTTKÄTG %QWRG RTÃ…NKOKPCKTG ¼ NnCXCPV EQWRG FÃ…HKPKVKXG ¼ NnCTTKÄTG s NC EQWRG GUV RNWU HCEKNG

%CRCEKVÃ…U FG EQWRG '#0

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2QKIPÃ…GU

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EJTQOÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

EJTQOÃ…G

KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

%QWRG E¾DNGU

RQWT EQWRGT NGU E¾DNGU GP EWKXTG GV GP CNWOKPKWO WPKHKNCKTGU GV OWNVKHKNCKTGU â– PG EQPXKGPV PK ¼ NC EQWRG FW HKN FnCEKGT PK FW E¾DNG OÃ…VCNNKSWG â– VTCPEJCPVU VTGORÃ…U OGWNÃ…U CXGE RTÃ…EKUKQP â– EQWRG FW E¾DNG PGVVG GV UCPU Ã…ETCUGOGPV â– GHHQTV PÃ…EGUUCKTG HCKDNG IT¾EG ¼ WP TCRRQTV FG FÃ…OWNVKRNKECVKQP RTQRKEG GV ¼ FGU VTCPEJCPVU ¼ NC IÃ…QOÃ…VTKG QRVKOKUÃ…G â– EQWTVG NQPIWGWT FG OO UGWNGOGPV â– RQKFU HCKDNG â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– EJCTPKÄTG XKUUÃ…G CLWUVCDNG â–

+'% &+0 '0

)TCPFG ECRCEKVÃ… FKCO OCZ FG OO OOÂŽ

VÆVG EQWRCPVG CEKGT Ã…NGEVTKSWG CW XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– RQKIPÃ…GU VWDG FoCNWOKPKWO JCWVG TÃ…UKUVCPEG â–

%CRCEKVÃ…U FG EQWRG 4Ã…H

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6ÆVG RQNKG

2QKIPÃ…GU KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

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176+.5 +51.Â¥5

%QWRG E¾DNGU

RQWT EQWRGT NGU E¾DNGU GP EWKXTG GV GP CNWOKPKWO WPKHKNCKTGU GV OWNVKHKNCKTGU â– PG EQPXKGPV PK ¼ NC EQWRG FW HKN FnCEKGT PK FW E¾DNG OÃ…VCNNKSWG â– VTCPEJCPVU VTGORÃ…U OGWNÃ…U CXGE RTÃ…EKUKQP â– EQWRG FW E¾DNG PGVVG GV UCPU Ã…ETCUGOGPV â– DQP TCRRQTV FG FÃ…OWNVKRNKECVKQP IT¾EG CW NGXKGT ¼ IGPQWKNNÄTG â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– EJCTPKÄTG XKUUÃ…G CLWUVCDNG â– VÆVG EQWRCPVG XKUUÃ…G KPVGTEJCPIGCDNG â– VÆVG EQWRCPVG CEKGT Ã…NGEVTKSWG CW EJTQOG XCPCFKWO FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â– RQKIPÃ…GU VWDG FoCEKGT â–

+'% &+0 '0

%CRCEKVÃ…U FG EQWRG

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6ÆVG RQNKG

2QKIPÃ…GU KUQNÃ…GU RCT UWTOQWNCIG EGTVKHKÃ…GU 8&'

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6ÆVG EQWRCPVG FG TGEJCPIG RQWT

%QWRG E¾DNGU RTKPEKRG FW ENKSWGV

RQWT EQWRGT NGU E¾DNGU GP EWKXTG GV GP CNWOKPKWO WPKHKNCKTGU GV OWNVKHKNCKTGU â– PG EQPXKGPV PK ¼ NC EQWRG FW HKN FnCEKGT PK FW E¾DNG OÃ…VCNNKSWG â– VTCPEJCPVU VTGORÃ…U OGWNÃ…U CXGE RTÃ…EKUKQP â– EQWRG FW E¾DNG PGVVG GV UCPU Ã…ETCUGOGPV â– RTKUG FnWPG UGWNG OCKP IT¾EG CW RTKPEKRG FW ENKSWGV â– GHHQTV RJ[UKSWG TÃ…FWKV IT¾EG ¼ WPG FÃ…OWNVKRNKECVKQP VTÄU Ã…NGXÃ…G â– GPVTCÊPGOGPV RCT EQWTQPPG FGPVÃ…G ¼ RQUKVKQPU RQWT WPG EQWRG HCEKNG â– OCPKRWNCVKQP HCEKNG IT¾EG ¼ UQP RQKFU HCKDNG GV ¼ UC EQPEGRVKQP EQORCEVG s WVKNKUCVKQP Ã…ICNGOGPV RQUUKDNG FCPU FGU GURCEGU GZKIWU â– GTIQV FG RTQVGEVKQP Ã…XKVCPV NGU RKPEGOGPVU â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

+'% &+0 '0

RQWT EQPFWEVGWTU GP CNWOKPKWO LWUSWn¼ Z OOÂŽ

2TKPEKRG FW ENKSWGV GV GPVTCÊPGOGPV RCT EQWTQPPG FGPVÃ…G ¼ RQUKVKQPU RQWT WPG EQWRG OQKPU HCVKIWCPVG

%CRCEKVÃ…U FG EQWRG 4Ã…H

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2QKIPÃ…GU

NCSWÃ… PQKT

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

NCSWÃ… PQKT

.COG OQDKNG FG TGEJCPIG RQWT .COG OQDKNG FG TGEJCPIG RQWT

1WVKN

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

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176+.5 +51.Â¥5

%QWRG E¾DNGU RTKPEKRG ENKSWGV TÃ…INCIGU

4QDWUVG /CPKCDNG 5QNKFG 'PVTCÊPGOGPV PQXCVGWT RCT EQWTQPPG FGPVÅG

+'% &+0 '0

2QWT E¾DNGU LWUSWo ¼ WP FKCOÄVTG FG OO UKORNKEKVÃ… FnWVKNKUCVKQP IT¾EG ¼ UC NÃ…IÄTGVÃ… I GV ¼ UC EQORCEKVÃ…

NQPIWGWT OO s [ EQORTKU GP GURCEGU GZKIWU â– EQWRG E¾DNGU GP EWKXTG GV CNWOKPKWO LWUSWn ¼ WP FKCOÄVTG FG OO RCT CEVKQPPGOGPV ¼ WPG GV FGWZ OCKPU â– VTCPEJCPVU VTGORÃ…U GV TGEVKHKÃ…U CXGE RTÃ…EKUKQP EQWRG PGVVG GV RTQRTG UCPU Ã…ETCUGOGPV FW E¾DNG â– RQWT EQWRGT NGU E¾DNGU %W GV #N WPKHKNCKTGU GV OWNVKHKNCKTGU

PG EQPXKGPV PK CW HKN FnCEKGT PK CWZ E¾DNGU OÃ…VCNNKSWGU â– GPVT¾KPGOGPV ¼ EQWTQPPG FGPVÃ…G PQXCVWGT ¼ VTQKU TCRRQTVU ¼ HQTVG FÃ…OWNVKRNKECVKQP RQWT HCEKNKVGT NC EQWRG ¼ WPG QW FGWZ OCKPU â– ICKPG FG NC DTCPEJG HKZG CXGE UWTHCEG FnCRRWK RQWT RQUGT NC RKPEG NQTU FG NC EQWRG â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

%CRCEKVÃ…U FG EQWRG 4Ã…H

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2QKIPÃ…GU

PQKTG CVTCOGPVKUÃ…G

KUQNÅGU RCT ICKPGU DK OCVKÄTG EGTVKHKÅGU 8&'

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0Ã…EGUUCKTG FG TÃ…RCTCVKQP FG NCOG QUEKNNCPVG RQWT GV 0Ã…EGUUCKTG FG TÃ…RCTCVKQP FG NCOG HKZG RQWT GV

%QWRG E¾DNGU RTKPEKRG FW ENKSWGV RQWT E¾DNGU ¼ DNKPFCIG CEKGT E¾DNGU 59#

5GEVKQPPG FGU E¾DNGU ¼ DNKPFCIG CEKGT FoWP FKCOÄVTG CNNCPV LWUSWo¼ OO OOÂŽ RCT GZ Z OOÂŽ GP WVKNKUCVKQP ¼ WPG QW FGWZ OCKPU

+'% &+0 '0

4QDWUVG /CPKCDNG 5QNKFG UKORNKEKVÃ… FoWVKNKUCVKQP IT¾EG ¼ UC NÃ…IÄTGVÃ… I GV ¼ UC EQORCEKVÃ…

OO FG NQPI s [ EQORTKU GP GURCEGU GZKIWU â– VTCPEJCPVU CHH×VÃ…U CXGE RTÃ…EKUKQP GV VTGORÃ…U RCT KPFWEVKQP EQWRG PGVVG GV RTQRTG UCPU Ã…ETCUGOGPV FW E¾DNG â– EQWTQPPG FGPVÃ…G KPPQXCPVG ¼ VTQKU TCRRQTVU ¼ ITCPFG FÃ…OWNVKRNKECVKQP â– ¼ UWTHCEG FoCRRWK NQTU FG NC EQWRG â– PG EQPXKGPV RCU ¼ NC EQWRG FG E¾DNGU #%54 PK FG E¾DNGU OÃ…VCNNKSWGU â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

#

6TCPEJCPV HTCKUÃ… CXGE RTÃ…EKUKQP GV VTGORÃ… RCT KPFWEVKQP

%CRCEKVÃ…U FG EQWRG 4Ã…H #

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0Ã…EGUUCKTG FG TÃ…RCTCVKQP FG NCOG OQDKNG RQWT # GV # RTKPEKRG FW ENKSWGV 0Ã…EGUUCKTG FG TÃ…RCTCVKQP FG NCOG HKZG RQWT # GV # RTKPEKRG FW ENKSWGV

176+.5 +51.Â¥5

%QWRG E¾DNGU

RQWT HKNU FnCEKGT GV HGTU TQPF E¾DNGU GP EWKXTG GV CNWOKPKWO â– EQPXKGPV RQWT UGEVKQPPGT NGU E¾DNGU CÃ…TKGPU CXGE HKN CPVKVTCE VKQP â– RQKPVGU FG EQWVGCWZ CPIWNCKTGU RGTOGVVCPV FG UGEVKQPPGT FGU DTKPU FG E¾DNG KPFKXKFWGNU â– FÃ…OWNVKRNKECVKQP QRVKOCNG RQWT WPG RWKUUCPEG FG EQWRG Ã…NGXÃ…G â– VÆVG EQWRCPVG XKUUÃ…G KPVGTEJ CPIGCDNG â– RQKIPÃ…GU GP CNWOKPKWO JCWVG TKIKFKVÃ… â– RQKFU HCKDNG â–

+'% &+0 '0

VÆVG EQWRCPVG CEKGT ¼ QWVKN FG SWCNKVÃ… URÃ…EKCNG VTGORÃ… ¼ NoJWKNG â– RQKIPÃ…GU CNWOKPKWO JCWVG TKIKFKVÃ… â–

%CRCEKVÃ…U FG EQWRG

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6ÆVG RQNKG

2QKIPÃ…GU KUQNCVKQP RCT UWTOQWNCIG

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6ÆVG EQWRCPVG FG TGEJCPIG RQWT

2KPEG ¼ UGTVKT RQWT GODQWVU FG E¾DNG +'% &+0 '0

RQWT NG UGTVKUUCIG FnGODQWVU FG E¾DNG &+0 2CTVKG FG ¼ OOÂŽ â– UGTVKUUCIG CXGE RTQHKNU VTCRÃ…\QËFCWZ OCTSWÃ…U RQWT WPG EQPPGZKQP HKCDNG FG NC EQUUG CXGE NG EQPFWEVGWT â– #EKGT Ã…NGEVTKSWG CW XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

#

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6ÆVG 2QKIPÅGU

KUQNÅGU RCT ICKPGU DK OCVKÄTG RQNKG EGTVKHKÅGU 8&'

2KPEG ¼ UGTVKT RQWT GODQWVU FG E¾DNG +'% &+0 '0

%CRCEKVÃ… OOÂŽ

#9)

PQODTG FG RQUKVKQPU FG UGTVKUUCIG

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%CRCEKVÃ… OOÂŽ

#9)

PQODTG FG RQUKVKQPU FG UGTVKUUCIG

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RQWT NG UGTVKUUCIG FnGODQWVU FG E¾DNG UGNQP &+0 2CTVKG FG ¼ OOÂŽ â– UGTVKUUCIG CXGE RTQHKNU FG OK TQPFU OCTSWÃ…U RQWT WPG EQPPGZKQP HKCDNG FG NC EQUUG CXGE NG EQPFWEVGWT â– ECXKVÃ…U VTÄU RTQHQPFGU ¼ HCEGU NCVÃ…TCNGU EQPKSWGU â– #EKGT ¼ QWVKNU URÃ…EKCN HQTIÃ… VTGORÃ… ¼ NoJWKNG â–

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6ÆVG 2QKIPÅGU

KUQNÅGU RCT ICKPGU DK OCVKÄTG RQNKG EGTVKHKÅGU 8&'

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176+.5 +51.Â¥5

%NÃ…U ¼ HQWTEJG

VÆVG KPENKPÃ…G ¼ ÂŒ QWVKN FG DCUG EJTQOÃ… â– #EKGT CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

+'% &+0 '0

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1WXGTVWTG FG ENÃ… 5 OO

1WXGTVWTG FG ENÃ… 5 RQWEGU

.QPIWGWT N OCZ OO

%NÃ… ¼ OQNGVVG

.CTIGWT FG VÆVG D OCZ OO

¥RCKUUGWT FG VÆVG C OCZ OO

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O¾EJQKTGU NKUUGU ¼ IWKFCIG RCTCNNÄNG QWXGTVWTG FG ENÃ… TÃ…INCDNG RTQITGUUKXGOGPV â– CXGE ITCFWCVKQP RGTOGVVCPV WP RTÃ…TÃ…INCIG UCPU EQPVCEV CXGE NC RKÄEG â– #EKGT CW EJTQOG XCPCFKWO â– â–

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2QKIPÃ…G KUQNCVKQP RCT UWTOQWNCIG

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.CTIGWT FGU .CTIGWT FG .CTIGWT 2TQHQPFGWT DGEU OO VÆVG OO OO OO

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176+.5 +51.Â¥5

%NÃ…U RQN[IQPCNGU EQPVTGEQWFÃ…GU +'% &+0 '0

EQWFÃ…G QWVKN FG DCUG EJTQOÃ… â– #EKGT CW EJTQOG XCPCFKWO HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

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1WXGTVWTG FG ENÃ… 5 OO

.QPIWGWT N .CTIGWT FG VÆVG D OCZ OO OCZ OO

%NÃ…U ¼ FQWKNNGU CXGE RQKIPÃ…G FG VQWTPGXKU +'% &+0 '0

¥RCKUUGWT FG VÆVG C OCZ OO

*CWVGWT FW EQWFCIG J OCZ OO

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OCPEJG GTIQPQOKSWG QRVKOKUÃ… DK OCVKÄTG RQWT WP GHHQTV CORNKHKÃ… OQKPU HCVKIWCPV GV OÃ…PCIGCPV NGU OCKPU â– HQTOG FW OCPEJG GORÆEJCPV ¼ NnQWVKN FG TQWNGT â– #EKGT CW EJTQOG XCPCFKWO GV CW OQN[DFÄPG â–

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2QKPVG

2QKIPÃ…G

DTWPKG

RQKIPÅG KUQNCPVG DK OCVKÄTG EGTVKHKÅG 8&'

1WXGTVWTG FG ENÃ… 5 OO

.QPI FG NCOG OO

.QPI FG RQKIPÃ…G OO

&KCOÄVTG FG NC VÆVG F OO

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176+.5 +51.¥5

%NÅU ¼ FQWKNNGU CXGE RQKIPÅG GP 6

■

CEKGT ¼ QWVKNU URÅEKCN VTGORÅ ¼ NnJWKNG

+'% &+0 '0

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1WXGTVWTG FG ENÅ 5 OO

6QWTPGXKU RQWT XKU ¼ UKZ RCPU ETGWZ

.QPI FG RQKIPÅG OCZ OO

&KCOÄVTG FG NC VÆVG F OO

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OCPEJG GTIQPQOKSWG QRVKOKUÅ DK OCVKÄTG RQWT WP GHHQTV CORNKHKÅ OQKPU HCVKIWCPV GV OÅPCIGCPV NGU OCKPU ■ HQTOG FW OCPEJG GORÆEJCPV ¼ NnQWVKN FG TQWNGT ■ #EKGT CW EJTQOG XCPCFKWO GV CW OQN[DFÄPG ■

+'% &+0 '0

4ÅH

'#0

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S

2QKPVG

DTWPKG

1WXGTVWTG FG ENÅ 5 OO RQKIPÅG KUQNCPVG DK OCVKÄTG EGTVKHKÅG 8&' 2QKIPÅG

6QWTPGXKU RQWT XKU ¼ UKZ RCPU ETGWZ

■

.QPI FG NCOG OO

.QPI FG NC NCOG PQP KUQNÅG OO

.QPI FG RQKIPÅG OO

I

CEKGT ¼ QWVKNU URÅEKCN VTGORÅ ¼ NnJWKNG

CXGE RQKIPÅG GP 6 +'% &+0 '0

4ÅH

'#0

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1WXGTVWTG FG ENÅ 5 OO

S

.QPI FG NC NCOG PQP KUQNÅG OO

.QPIWGWT FG NC RQKIPÅG GP 6 OO

I

176+.5 +51.Â¥5

6QWTPGXKU RQWT XKU ¼ HGPVG

OCPEJG GTIQPQOKSWG QRVKOKUÃ… DK OCVKÄTG RQWT WP GHHQTV CORNKHKÃ… OQKPU HCVKIWCPV GV OÃ…PCIGCPV NGU OCKPU â– HQTOG FW OCPEJG GORÆEJCPV ¼ NnQWVKN FG TQWNGT â– #EKGT CW EJTQOG XCPCFKWO GV CW OQN[DFÄPG â–

+'% &+0 '0

URÅEKCNGOGPV EQPÃWG CXGE WPG NCOG FG OO RQWT NG OQPVCIG FG EQORVGWTU

4Ã…H

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2QKPVG

2QKIPÃ…G

DTWPKG

RQKIPÅG KUQNCPVG DK OCVKÄTG EGTVKHKÅG 8&'

DTWPKG

RQKIPÅG KUQNCPVG DK OCVKÄTG EGTVKHKÅG 8&'

Â¥RCKUUGWT FG NCOG OO

Â¥RCKUUGWT FGU VTCPEJCPVU OO

.QPI FG NCOG OO

6QWTPGXKU RQWT XKU ¼ VÆVG ETWEKHQTOG 2JKNNKRUŠ +'% &+0 '0

.QPI FG NC NCOG .QPI FG PQP KUQNÃ…G OO RQKIPÃ…G OO

I

OCPEJG GTIQPQOKSWG QRVKOKUÃ… DK OCVKÄTG RQWT WP GHHQTV CORNKHKÃ… OQKPU HCVKIWCPV GV OÃ…PCIGCPV NGU OCKPU â– HQTOG FW OCPEJG GORÆEJCPV ¼ NnQWVKN FG TQWNGT â– #EKGT CW EJTQOG XCPCFKWO GV CW OQN[DFÄPG â–

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2JKNNKRUŠ GUV WPG OCTSWG FÅRQUÅG FG 2JKNNKRU 5ETGY %QORCP[

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2QKPVG

2QKIPÃ…G

DTWPKG

RQKIPÅG KUQNCPVG DK OC VKÄTG EGTVKHKÅG 8&'

6QWTPGXKU RQWT XKU ¼ VÆVG ETWEKHQTOG 2Q\KFTKXŠ +'% &+0 '0

6CKNNG 2* 2* 2* 2* 2*

.QPI FG NCOG OO

.QPI FG NC NCOG PQP KUQNÃ…G OO

.QPI FG RQKIPÃ…G OO

I

OCPEJG GTIQPQOKSWG QRVKOKUÃ… DK OCVKÄTG RQWT WP GHHQTV CORNKHKÃ… OQKPU HCVKIWCPV GV OÃ…PCIGCPV NGU OCKPU â– HQTOG FW OCPEJG GORÆEJCPV ¼ NnQWVKN FG TQWNGT â– #EKGT CW EJTQOG XCPCFKWO GV CW OQN[DFÄPG â–

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2Q\KFTKXŠ GUV WPG OCTSWG FÅRQUÅG FG 'WTQRGCP +PF 5GTX .VF

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2QKPVG

2QKIPÃ…G

DTWPKG

RQKIPÅG KUQNCPVG DK OCVKÄTG EGTVKHKÅG 8&'

6CKNNG 2< 2< 2< 2< 2<

.QPI FG NCOG OO

.QPI FG NC NCOG PQP KUQNÃ…G OO

.QPI FG RQKIPÃ…G OO

I

176+.5 +51.Â¥5

6QWTPGXKU RQWT XKU 6QTZŠ

OCPEJG GTIQPQOKSWG QRVKOKUÃ… DK OCVKÄTG RQWT WP GHHQTV CORNKHKÃ… OQKPU HCVKIWCPV GV OÃ…PCIGCPV NGU OCKPU â– HQTOG FW OCPEJG GORÆEJCPV ¼ NnQWVKN FG TQWNGT â– #EKGT CW EJTQOG XCPCFKWO GV CW OQN[DFÄPG â–

+'% &+0 '0

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6QTZŠ GUV WPG OCTSWG FÅRQUÅG Fn#EWOGPV )NQDCN 6GEJPQNQIKGU +PE

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2QKPVG

2QKIPÃ…G

DTWPKG

RQKIPÅG KUQNCPVG DK OCVKÄTG EGTVKHKÅG 8&'

2QKIPÃ…GU VTCPUXGTUCNGU GP 6 CXGE ECTTÃ… O¾NG QW +'% &+0 '0

6CKNNG 6: 6: 6: 6: 6:

.QPI FG NCOG OO

.QPI FG NC NCOG PQP KUQNÃ…G OO

.QPI FG RQKIPÃ…G OO

I

UnWVKNKUG CXGE FGU FQWKNNGU CTTÆV TCRKFG U×T GV HCEKNG FG NoQWVKN â– QWVKN FG DCUG EJTQOÃ… â– #EKGT ¼ QWVKNU FG SWCNKVÃ… URÃ…EKCNG HQTIÃ… VTGORÃ… ¼ NoJWKNG â– â–

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%NÃ…U ¼ ENKSWGV TÃ…XGTUKDNGU CXGE ECTTÃ… O¾NG QW +'% &+0 '0

.QPIWGWT FG RQKIPÃ…G OO

%CTTÃ… FG EQPPGZKQP RQWEGU

I

UnWVKNKUG CXGE FGU FQWKNNGU TÃ…INCDNG RQWT WVKNKUCVKQP ¼ ICWEJG GV ¼ FTQKVG â– HQPEVKQPPGOGPV GZVTÆOGOGPV UQWRNG â– CTTÆV TCRKFG U×T GV HCEKNG FG NoQWVKN â– #EKGT CW EJTQOG XCPCFKWO HQTIÃ… â– â–

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%CTTÃ… FG EQPPGZKQP RQWEGU

I

176+.5 +51.¥5

4CNNQPIGU CXGE ECTTÅ O¾NG GV HGOGNNG QW +'% &+0 '0

UnWVKNKUG CXGE FGU FQWKNNGU CXGE ECTTÅ O¾NG GV HGOGNNG ■ CTTÆV TCRKFG U×T GV HCEKNG FG NoQWVKN ■ #EKGT CW EJTQOG XCPCFKWO HQTIÅ ■ ■

4ÅH

&QWKNNGU ¼ UKZ RCPU

'#0

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%CTTÅ FG EQPPGZKQP RQWEGU

I

RQWT XKU ¼ UKZ RCPU OÅVTKSWGU QWVKN FG DCUG EJTQOÅ ■ #EKGT CW EJTQOG XCPCFKWO ■ ■

CXGE ECTTÅ HGOGNNG QW +'% &+0 '0

S d

4ÅH

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1WXGTVWTG FG ENÅ 5 OO

&KCO EÐVÅ CEVKH OCZ F

%CTTÅ FG EQPPGZKQP RQWEGU

I

176+.5 +51.¥5

&QWKNNGU

CXGE JGZCIQPCN FQWDNG RQWT VÆVGU FG XKU GP RQWEGU ■ QWVKN FG DCUG EJTQOÅ ■ #EKGT CW EJTQOG XCPCFKWO ■ ■

CXGE ECTTÅ HGOGNNG QW +'% &+0 '0

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p

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1WXGTVWTG FG ENÅ 5 RQWEGU

&QWKNNGU ¼ UKZ RCPU ETGWZ CXGE ECTTÅ HGOGNNG QW

&KCO EÐVÅ CEVKH OCZ F

%CTTÅ FG EQPPGZKQP RQWEGU

I

RQWT XKU ¼ UKZ RCPU ETGWZ OÅVTKSWGU QWVKN FG DCUG EJTQOÅ ■ #EKGT ¼ QWVKNU URÅEKCN

■

■

&+0 +'% &+0 '0

4ÅH

'#0

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1WXGTVWTG FG ENÅ 5 OO

.QPI FG NC NCOG PQP KUQNÅG OO

%CTTÅ FG EQPPGZKQP RQWEGU

I

176+.5 +51.Â¥5

%NÃ… ¼ ENKSWGV TÃ…XGTUKDNG CXGE ECTTÃ… O¾NG +51 +'% &+0 '0

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TÃ…INCDNG RQWT WVKNKUCVKQP ¼ ICWEJG GV ¼ FTQKVG DNQECIG VTÄU U×T FG NnQWVKN FnCEVKQPPGOGPV RCT U[UVÄOG FG XGTTQWKNNCIG XKUUÃ… â– #EKGT CW EJTQOG XCPCFKWO â–

%NÃ…U F[PCOQOÃ…VTKSWGU

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%CTTÃ… FG EQPPGZKQP RQWEGU

I

TÃ…INCDNG RQWT NG UGTTCIG FG HKNGVU ¼ ICWEJG TÃ…INCIG FG EQWRNG XGTTQWKNNCDNG â– DNQECIG VTÄU U×T FG NnQWVKN FnCEVKQPPGOGPV RCT U[UVÄOG FG XGTTQWKNNCIG XKUUÃ… â– 'EJGNNG FG OGUWTG KUQNÃ…G GV VTCPURCTGPVG â– NKXTÃ… CXGE EGTVKHKECV FnÃ…VCNQPPCIG â– #EKGT CW EJTQOG XCPCFKWO â– â–

CXGE ECTTÃ… O¾NG TÃ…XGTUKDNG +'% &+0 '0 &+0 '0 +51

'EJGNNG FG OGUWTG KUQNÃ…G GV VTCPURCTGPVG

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&QOCKPG FoCRRNKECVKQP 0O 0O 0O

%QWVGCWZ FnÃ…NGEVTKEKGP RQWT E¾DNGU +'% &+0 '0

%CTTÃ… FG EQPPGZKQP RQWEGU

I

GTIQPQOKG COÃ…NKQTÃ…G RCT NC HQTOG FGU RQKIPÃ…GU CXGE WPG RTQVGEVKQP CPVKFÃ…TCRCPVG CITÃ…CDNG â– RNWU ITCPFG UÃ…EWTKVÃ… IT¾EG CWZ EQORQUCPVU UQWRNGU CPVKFÃ…TCRCPVU â– DQPPG CORNKHKECVKQP FG NnGHHQTV NQTUSWG NG EQWVGCW GUV VKTÃ… IT¾EG CWZ GORTGKPVGU FW RQWEG GV FGU FQKIVU UKVWÃ…GU UWT NG OCPEJG â– NCOG UQNKFG GV HKZG ¼ VTCPEJCPV FTQKV â– ECRWEJQP FG RTQVGEVKQP VTCPURCTGPV â– NCOG CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG â–

RCTVKG FQTUCNG FG NC NCOG TGEQWXGTVG FG RNCUVKSWG CHKP FnÃ…XKVGT NGU EQWTVU EKTEWKVU

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2QKIPÅG RQKIPÅG KUQNCPVG DK OCVKÄTG EGTVKHKÅG 8&' RQKIPÅG KUQNCPVG DK OCVKÄTG EGTVKHKÅG 8&'

.QPI FG NCOG OO

I

176+.5 +51.Â¥5

%QWVGCWZ ¼ FÃ…ICKPGT

GTIQPQOKG COÃ…NKQTÃ…G RCT NC HQTOG FGU RQKIPÃ…GU CXGE WPG RTQVGEVKQP CPVKFÃ…TCRCPVG CITÃ…CDNG â– RNWU ITCPFG UÃ…EWTKVÃ… IT¾EG CWZ EQORQUCPVU UQWRNGU CPVKFÃ…TCRCPVU â– DQPPG CORNKHKECVKQP FG NnGHHQTV NQTUSWG NG EQWVGCW GUV VKTÃ… IT¾EG CWZ GORTGKPVGU FW RQWEG GV FGU FQKIVU UKVWÃ…GU UWT NG OCPEJG â– ECRWEJQP FG RTQVGEVKQP VTCPURCTGPV â–

+'% &+0 '0

NCOG ¼ ETQEJGV TQDWUVG GV HKZG RQWT E¾DNGU TQPFU NCOG CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG

NCOG ¼ ETQEJGV Ã…VTQKVG GV HKZG GP HQTOG FG HCWEKNNG EQPXKGPV CWZ E¾DNGU UGEVGWT NCOG CEKGT ¼ QWVKNU URÃ…EKCN VTGORÃ… ¼ NoJWKNG NCOG ¼ ETQEJGV TQDWUVG GV HKZG GP HQTOG FG HCWEKNNG CXGE RCVKP FG IWKFCIG UWT NC RQKPVG RCU FG FÃ…VÃ…TKQTCVKQP FG NnKUQNCVKQP NCOG CEKGT EJKTWTIKECN KPQZ[FCDNG VTGORÃ… ¼ NoCKT

'#0

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2CVKP FG IWKFCIG

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%QWVGCW FnÃ…NGEVTKEKGP RQWT E¾DNGU CXGE NCOG KPVGTEJCPIGCDNG +'% &+0 '0

.QPI FG NCOG OO

2QKIPÅG RQKIPÅG KUQNCPVG DK OCVKÄTG EGTVKHKÅG 8&' RQKIPÅG KUQNCPVG DK OCVKÄTG EGTVKHKÅG 8&' RQKIPÅG KUQNCPVG DK OCVKÄTG EGTVKHKÅG 8&'

4C[QP OO

I

NCOG FTQKVG ¼ CHH×VCIG URÃ…EKCN KPVGTEJCPIGCDNG CXGE RTQVGEVKQP RQWT NCOG TCDCVVCDNG KORGTFCDNG KPVÃ…ITÃ…G FCPU NC RQKIPÃ…G â– RCTVKG FQTUCNG FG NC NCOG TGEQWXGTVG FG RNCUVKSWG CHKP FnÃ…XKVGT NGU EQWTVU EKTEWKVU â– RQKIPÃ…G CPVKFÃ…TCRCPVG â– NCOG CEKGT EJKTWTIKECN KPQZ[FCDNG VTGORÃ… ¼ NoCKT â– â–

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.QPI FG NCOG OO

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.COG FG TGEJCPIG RQWT

176+.5 +51.Â¥5

2KPEG FG RTÃ…JGPUKQP GP RNCUVKSWG

#XGE UGU UQNKFGU RKPEGU JCWV FG ICOOG GV GPVKÄTGOGPV RNCUVKHKÃ…GU -0+2': RTÃ…UGPVG FGWZ QWVKNU KORQPVCDNGU FGUVKPÃ…U CWZ VTCXCWZ UWT Ã…NÃ…OGPVU UQWU VGPUKQP CNNCPV LWUSWn¼ |8 GP CNVGTPCVKH GV |8 GP EQPVKPW %GU RKPEGU GPVKÄTGOGPV RNCUVKHKÃ…GU UQPV GP QWVTG KPUGPUKDNGU ¼ NnQTKIKPG FnCWEWP EJCOR OCIPÃ…VKSWG GV Ã…VKPEGNNG 'NNGU UG RTÆVGPV RCT CKNNGWTU RCTHCKVGOGPV ¼ WPG WVKNKUCVKQP GP GPXKTQP PGOGPVU CITGUUKHU UWT NG RNCP EJKOKSWG

KUQNCPVG +'% &+0 '0 #56/ (

KUQNCVKQP EQORNÄVG TÃ…FWKV NG TKUSWG FG EQWTV EKTEWKV EQPÃWG RQWT NG OQPVCIG GV NG XGTTQWKNNCIG FGU EQORVGWTU â– RNCUVKSWG TGPHQTEÃ… FG HKDTGU FG XGTTG â– RQKIPÃ…GU ¼ \QPG GP RNCUVKSWG UQWRNG CUUWTCPV WPG DQPPG RTKUG GP OCKP â– â–

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2KPEG FGOK TQPFG GP RNCUVKSWG KUQNCPVG +'% &+0 '0 #56/ (

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KUQNCVKQP EQORNÄVG TÃ…FWKV NG TKUSWG FG EQWTV EKTEWKV RNCUVKSWG TGPHQTEÃ… FG HKDTGU FG XGTTG â– RQKIPÃ…GU ¼ \QPG GP RNCUVKSWG UQWRNG CUUWTCPV WPG DQPPG RTKUG GP OCKP â– â–

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#ITCHG GP RNCUVKSWG &+0 8&'

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RQWT HKZGT FGU PCRRGU KUQNCPVGU CXGE TGUUQTV KPVÃ…TKGWT â– KUQNCVKQP EQORNÄVG TÃ…FWKV NG TKUSWG FG EQWTV EKTEWKV â– OCVKÄTG RNCUVKSWG OCUUKXG TGPHQTEÃ… FG HKDTGU FG XGTTG â– â–

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.CTIGWT FG UGTTCIG OO

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176+.5 +51.Â¥5

'ODQWVU FG UÃ…EWTKVÃ… EQPKSWGU &+0 8&'

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RTQVÄIG EQPVTG NG EQPVCEV CXGE FGU EQPFWEVGWTU FÃ…PWFÃ…U UQWU VGPUKQP FKCO OCZ OO â– GPVKÄTGOGPV GP RNCUVKSWG â–

'ODQWVU FG UÃ…EWTKVÃ… CWVQDNQSWCPVU

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+PFKEG FG EQPFWEVGWT

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RTQVÄIG EQPVTG NG EQPVCEV CXGE FGU EQPFWEVGWTU FÅPWFÅU UQWU VGPUKQP GPVKÄTGOGPV GP RNCUVKSWG

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)CPVU RQWT Ã…NGEVTKEKGP

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&KCOÄVTG KPVÅTKGWT OO

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RTQVGEVKQP NQTU FG VTCXCWZ UWT FGU RKÄEGU UQWU VGPUKQP ENCUUG

+'% &+0 '0

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0CRRGU KUQNCPVGU GP ECQWVEJQWE

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6CKNNG

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&KOGPUKQPU ¥RCKUUGWT OO OO Z Z

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RTQVGEVKQP NQTU FG VTCXCWZ UWT FGU RKÄEGU UQWU VGPUKQP

+'% &+0 '0

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5EKG 27-

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NCOG RQWT OÅVCN GV DQKU CXGE FGPVU RCT RQWEG KPVGTEJCPIGCDNG

+'% &+0 '0

27- GUV WPG OCTSWG FÅRQUÅG FG ,QUGH *CWPUVGVVGT 5ÀIGPHCDTKM -)

4ÅH

%QHHTGV EQORCEV QWVKNU

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.QPIWGWT FG NC NCOG OO

I

EQHHTGV GP RNCUVKSWG TQDWUVG EQORTGPCPV WP CUUQTVKOGPV FoQWVKNU KUQNÅU -0+2': RQWT VTCXCKNNGT UWT FGU KPUVCNNCVKQPU ÅNGEVTKSWGU ■ RNCVGCW GP OQWUUG CXGE GORTGKPVGU RQWT NGU QWVKNU ■ ENQKUQP FG UÅRCTCVKQP HKZCDNG ■ FKOGPUKQPU GZVÅTKGWTU . Z * Z 2 Z Z OO ■ ■

CXGE QWVKNU KUQNÅU RQWT VTCXCKNNGT UWT FGU KPUVCNNCVKQPU ÅNGEVTKSWGU +'% &+0 '0

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3WCPVKVÅ

%QHHTGV EQORCEV QWVKNU 2KPEG WPKXGTUGNNG 2KPEG EQWRCPVG FG EÐVÅ 6QWTPGXKU RQWT XKU ¼ HGPVG 6QWTPGXKU RQWT XKU ¼ VÆVG ETWEKHQTOG 2JKNNKRU %NÅ ¼ ENKSWGV CXGE ECTTÅ O¾NG 4CNNQPIG CXGE ECTTÅ HGOGNNG O¾NG &QWKNNGU ¼ UKZ RCPU CXGE ECTTÅ HGOGNNG %QWVGCW FnÅNGEVTKEKGP RQWT E¾DNGU

I

176+.5 +51.¥5

%QHHTGV EQORCEV QWVKNU

EQHHTGV GP RNCUVKSWG FG SWCNKVÅ UWRÅTKGWTG RQN[XCNGPV GV TÅUKUVCPV RNCVGCW GP OQWUUG GP PKFU FnCDGKNNG RQWT WP TCPIGOGPV XCTKCDNG ■ FKOGPUKQPU GZVÅTKGWT . Z * Z 2 Z Z OO ■ ■

CXGE QWVKNU 8&'

RKPEGU VGUVÅGU RCT 8&' UGNQP &+0 '0 %'+ 8 GZÅEWVKQP .' UCPU QWVKN

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3WCPVKVÅ

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%QHHTGV EQORCEV QWVKNU 2KPEG WPKXGTUGNNG 2KPEG ¼ FÅPWFGT 2KPEG FGOK TQPFG CXGE VTCPEJCPV RKPEG DGE FG EKIQIPG 2KPEG EQWRCPVG FG EÐVÅ %QHHTGV EQORCEV XKFG

%QHHTGV ¼ QWVKNU QWVKNU

I

EQHHTGV GP RNCUVKSWG FG SWCNKVÅ UWRÅTKGWTG RQN[XCNGPV GV TÅUKUVCPV RNCVGCW GP OQWUUG GP PKFU FnCDGKNNG RQWT WP TCPIGOGPV XCTKCDNG ■ FKOGPUKQPU GZVÅTKGWT . Z * Z 2 Z Z OO ■ ■

RQWT KPUVCNNCVGWTU ÅNGEVTKSWGU

VQWVGU NGU RKPEGU GV VQWTPGXKU UCWH NC RKPEG OWNVKRTKUG UQPV VGUVÅGU RCT 8&' UGNQP &+0 '0 %'+ .' UCPU QWVKN

4ÅH

'#0

%QHHTGV EQORCEV QWVKNU 2KPEG WPKXGTUGNNG

2KPEG FGOK TQPFG CXGE VTCPEJCPV

RKPEG DGE FG EKIQIPG

2KPEG EQWRCPVG FG EÐVÅ -0+2': #NNKICVQT 2KPEG OWNVKRTKUG

6QWTPGXKU RQWT XKU ¼ HGPVG K

.'

-PKRGZ

6QWTPGXKU RQWT XKU 2JKNNKRU K 2* %QHHTGV EQORCEV XKFG

9GTC

3WCPVKVÅ

&KOGPUKQP PQOKPCNG

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Z Z OO

Z Z OO

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176+.5 +51.¥5

%QHHTGV UVCPFCTF QWVKNU

EQORTGPCPV WP CUUQTVKOGPV FoQWVKNU KUQNÅU -0+2': RQWT VTCXCKNNGT UWT FGU KPUVCNNCVKQPU ÅNGEVTKSWGU ■ EQHHTGV GP RNCUVKSWG TQDWUVG ■ RNCVGCW GP OQWUUG CXGE GORTGKPVGU RQWT NGU QWVKNU ■ ENQKUQP FG UÅRCTCVKQP HKZCDNG ■ FKOGPUKQPU GZVÅTKGWTU . Z * Z 2 Z Z OO ■

CXGE QWVKNU KUQNÅU RQWT VTCXCKNNGT UWT FGU KPUVCNNCVKQPU ÅNGEVTKSWGU +'% &+0 '0

4ÅH

'#0

3WCPVKVÅ

%QHHTGV UVCPFCTF QWVKNU 2KPEG WPKXGTUGNNG 2KPEG EQWRCPVG FG EÐVÅ %NÅ ¼ HQWTEJG UKORNG %QWVGCW ¼ FÅICKPGT RQWT E¾DNGU TQPFU 6QWTPGXKU RQWT XKU ¼ HGPVG 6QWTPGXKU RQWT XKU ¼ VÆVG ETWEKHQTOG 2JKNNKRU 2QKIPÅG VTCPUXGTUCNG GP 6 CXGE ECTTÅ O¾NG &QWKNNGU ¼ UKZ RCPU CXGE ECTTÅ HGOGNNG %QWVGCW FnÅNGEVTKEKGP RQWT E¾DNGU

I

176+.5 +51.¥5

6TQWUUG QWVKNU

VTQWUUG GP RQN[GUVGT VKUUÅ TÅUKUVCPV CXGE HGTOGVWTG TCRKFG TÅINCDNG RTCVKSWG ■ EQORTGPCPV WP CUUQTVKOGPV FoQWVKNU KUQNÅU -0+2': RQWT VTCXCKNNGT UWT FGU KPUVCNNCVKQPU ÅNGEVTKSWGU ■ ■

CXGE QWVKNU KUQNÅU RQWT VTCXCKNNGT UWT FGU KPUVCNNCVKQPU ÅNGEVTKSWGU +'% &+0 '0

4ÅH

'#0

3WCPVKVÅ

6TQWUUG QWVKNU 2KPEG WPKXGTUGNNG 2KPEG ¼ FÅPWFGT 2KPEG FGOK TQPFG CXGE VTCPEJCPV RKPEG DGE FG EKIQIPG 2KPEG EQWRCPVG FG EÐVÅ %QWRG E¾DNGU ¼ FQWDNG VTCPEJCPVU %NÅ ¼ HQWTEJG UKORNG 6QWTPGXKU RQWT XKU ¼ HGPVG %QWVGCW FnÅNGEVTKEKGP RQWT E¾DNGU

I

176+.5 +51.¥5

/CNNGVVG WPKXGTUGNNG QWVKNU CXGE QWVKNU KUQNÅU RQWT VTCXCKNNGT UWT FGU KPUVCNNCVKQPU ÅNGEVTKSWGU +'% &+0 '0

GP #$5 TÅUKUVCPV TQWIG EQORTGPCPV WP CUUQTVKOGPV FnQWVKNU -0+2': RQWT VTCXCKNNGT UWT FGU KPUVCNNCVKQPU ÅNGEVTKSWGU VGUVÅU UGNQP &+0 '0 %'+ CXGE PCRRGU KUQNCPVGU CITCHGU GV ICPVU ■ ECFTG GP CNWOKPKWO UWT VQWV NG RQWTVQWT CXGE CPPGCWZ GP & RQWT CEETQEJGT WPG DCPFQWNKÄTG GV RCPPGCW EGPVTCN HKZG TQDWUVG RQWXCPV ÆVTG TGORNK FGU FGWZ EÐVÅU FQVÅ FG PQODTGWUGU RQUUKDKNKVÅU FG TCPIGOGPV IT¾EG ¼ FGU RCUUCPVU ÅNCUVKSWGU GV RGVKVGU RQEJGU ■ RQKIPÅG GTIQPQOKSWG EQPHQTVCDNG GV HKZCVKQP RQWT EJCTKQV RQTVG XCNK UG KPVÅITÅ FCPU NG HQPF FKURQPKDNG GP QRVKQP UQWU TÅH 6 ■ EJCTPKÄTGU OÅVCNNKSWGU ■ RQKFU VTCPURQTVCDNG OCZ FG MI ■ RGWV ÆVTG QWXGTV FnWP UGWN QW FGU FGWZ EÐVÅU HQPF GV EQWXGTENG UnQWXTGPV KPFÅRGPFCOOGPV NnWP FG NnCWVTG ■ UVCDNG FCPU VQWVGU NGU RQUKVKQPU FnQWXGTVWTG IT¾EG CWZ RQTVG EQWXGT ENGU ¼ EJCTPKÄTG TGRQUCPV ¼ GV ■ UGTTWTG ¼ EQODKPCKUQP EJKHHTGU GV UGTTWTGU ¼ DCUEWNG RQWT NC HKZCVKQP FW EQWXGTENG ■ RQTVG FQEWOGPVU GV RNCVGCW QWVKNU COQXKDNGU TCPIGOGPV FGU QWVKNU UWT WP EÐVÅ CXGE RQEJGU ¼ QWVKNU ■ UGTTWTGU ¼ DCUEWNG RQWT NC HKZCVKQP FW HQPF FG NC OCNNGVVG ■ EQSWG FG HQPF JCWVGWT OO UWDFKXKUKDNG RCT KPVGTECNCKTGU PQP TKIKFGU GV RNCVGCW EQWXGTENG CXGE ITCPFGU RQEJGU ¼ QWVKNU HKZCVKQP RCT DQWVQP RTGUUKQP ■ FKOGPUKQPU GZVÅTKGWT . Z * Z 2 Z Z OO FKOGPUKQPU KPVÅTKGWT . Z * Z 2 Z Z OO ■

6

EJCTKQV RQTVG XCNKUG VÅNGUEQRKSWG RQWT NG VTCPURQTV FnWPG OCNNGVVG UWT TQWNGVVGU ■ WVKNKUCDNG RQWT NGU OQFÄNGU .' OCNNGVVG ¼ QWVKNU $+) 6YKP OCNNGVVG WPKXGTUGNNG ■ JCWVGWT TÅINCDNG GV XGTQWKNNCDNG FG NC RQKIPÅG ■ OÅECPKUOG FG HKZCVKQP ¼ NC OCNNGVVG OQPVCIG GV FÅOQPVCIG TCRKFG ■ CXGE FGWZ TQWNGVVGU UQWRNGU ■ FKOGPUKQPU Z Z OO FÅRNKÅ ■

6

176+.5 +51.¥5 4ÅH .' 6

'#0 /CNNGVVG WPKXGTUGNNG QWVKNU 2KPEG WPKXGTUGNNG 2KPEG ¼ FÅPWFGT 2KPEG EQWRCPVG FG EÐVÅ -0+2': #NNKICVQT 2KPEG OWNVKRTKUG %QWRG E¾DNGU ¼ FQWDNG VTCPEJCPVU %NÅ ¼ HQWTEJG UKORNG %NÅ RQN[IQPCNG EQPVTGEQWFÅG 0CRRG KUQNCPVG GP ECQWVEJQWE 6QWTPGXKU RQWT XKU ¼ HGPVG 6QWTPGXKU RQWT XKU ¼ VÆVG ETWEKHQTOG 2JKNNKRU 2QKIPÅG VTCPUXGTUCNG GP 6 CXGE ECTTÅ O¾NG %NÅ ¼ ENKSWGV CXGE ECTTÅ O¾NG 4CNNQPIG CXGE ECTTÅ HGOGNNG O¾NG &QWKNNGU ¼ UKZ RCPU CXGE ECTTÅ HGOGNNG %QWVGCW FnÅNGEVTKEKGP RQWT E¾DNGU %QWVGCW ¼ FÅICKPGT RQWT E¾DNGU TQPFU #ITCHG GP RNCUVKSWG )CPVU RQWT ÅNGEVTKEKGP /CNNGVVG WPKXGTUGNNG XKFG %JCTKQV RQTVG XCNKUG RQWT NG VTCPURQTV FnWPG OCNNGVVG UWT TQWNGVVGU

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2KPEGU RQWT NnÅNGEVTQPKSWG $TWEGNNGU FG RTÅEKUKQP 'NGEVTQPKE 5WRGT -PKRU '5& 2KPEGU EQWRCPVGU FG EÐVÅ FG RTÅEKUKQP RQWT NnÅNGEVTQPKSWG '5& 2KPEGU EQWRCPVGU FG EÐVÅ RQWT NoÅNGEVTQPKSWG '5& 2KPEGU EQWRCPVGU FG EÐVÅ RQWT NoÅNGEVTQPKSWG ¼ VTCPEJCPVU CW ECTDWTG KPVÅITÅU 2KPEGU EQWRCPVGU FG FGXCPV RQWT NoÅNGEVTQPKSWG '5& 2KPEG EQWRCPVG QDNKSWG RQWT NnÅNGEVTQPKSWG 2KPEGU FG RTÅJGPUKQP FG RTÅEKUKQP RQWT NnÅNGEVTQPKSWG '5& 2KPEGU FG RTÅJGPUKQP RQWT NoÅNGEVTQPKSWG '5& 2KPEGU FG OQPVCIG RQWT NoÅNGEVTQPKSWG ,GWZ FnQWVKNU RQWT NoÅNGEVTQPKSWG $TWEGNNGU FG RTÅEKUKQP

.GU QWVKNU ÅNGEVTQPKSWGU -0+2': QHHTGPV FG OWNVKRNGU UQNWVKQPU RQWT NG VTCXCKN UWT ÅSWKRGOGPVU ÅNGEVTQPKSWGU s FW E¾DNCIG CW OQPVCIG FG EQORQ UCPVU KPHQTOCVKSWGU WNVTCUGPUKDNGU

2+0%'5 2174 .n¥.'%6410+37'

'NGEVTQPKE 5WRGT -PKRU

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&+0 +51

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60°

'5& VTCPEJCPVU VTGORÅU RCT KPFWEVKQP FWTGVÅ FnGPX *4% EQPXKGPV ÅICNGOGPV RQWT EQWRGT NGU E¾DNGU GP HKDTGU FG XGTTG E¾DNGU ¼ HKDTGU QRVKSWGU

VTCPEJCPVU VTGORÅU RCT KPFWEVKQP FWTGVÅ FnGPX *4% CXGE VÆVG ÅVTQKVG CXGE UGTTG HKNU FÅXKUUCDNG s RNWU FG RTQLGEVKQP KPEQPVTÐNÅG FGU OQTEGCWZ FG HKN EQWRÅU GP CEKGT URÅEKCN DTWPK

'5& GP CEKGT URÅEKCN DTWPK CXGE UGTTG HKNU FÅXKUUCDNG s RNWU FG RTQLGEVKQP KPEQPVTÐNÅG FGU OQTEGCWZ FG HKN EQWRÅU VTCPEJCPVU VTGORÅU RCT KPFWEVKQP FWTGVÅ FnGPX *4%

/QFÄNGU ÅICNGOGPV RQWT HKN FWT VTCPEJCPVU FG RTÅEKUKQP ¼ VTÄU RGVKV DKUGCW EQPXKGPV ÅICNGOGPV CWZ HKNU FWTU GP CEKGT URÅEKCN DTWPK FWTGVÅ FGU VTCPEJCPVU FnGPX *4% VTCPEJCPVU FG RTÅEKUKQP ¼ VTÄU RGVKV DKUGCW EQPXKGPV ÅICNGOGPV CWZ HKNU FWTU CXGE UGTTG HKNU FÅXKUUCDNG s RNWU FG RTQLGEVKQP KPEQPVTÐNÅG FGU OQTEGCWZ FG HKN EQWRÅU GP CEKGT URÅEKCN DTWPK VTCPEJCPVU VTGORÅU RCT KPFWEVKQP FWTGVÅ FnGPX *4%

2+0%'5 2174 .n¥.'%6410+37' VTCPEJCPVU ¼ NC IÅQOÅVTKG QRVKOCNG| EQWRG RTÅEKUG GV HCEKNG OÆOG CXGE FGU HKNU UWRGTRQUÅU XGTUKQP '5& ¼ RQKIPÅGU ICKPÅGU ITKU PQKT

NKOKVCVKQP FnQWXGTVWTG RQWT FGU RQKIPÅGU GTIQPQOKSWGU UVTKGU RQWT WPG RTKUG GP OCKP U×TG CXGE WPG RTGUUKQP HCKDNG

2KPEGU '5& 'NGEVTQUVCVKE FKUEJCTIG CXGE EGU RKPEGU NnÅPGTIKG ÅNGEVTQUVCVKSWG GUV FÅEJCTIÅG FG OCPKÄTG NGPVG GV EQPVTÐNÅG RCT NnKPVGTOÅFKCKTG FGU RQKIPÅGU EGNC RTQVÄIG NGU EQORQUCPVU UGPUKDNGU CWZ FÅEJCTIGU ÅNGEVTQUVCVKSWGUUGNQP PQTOGU GP XKIWGWTU RCT GZ %'+ 64 &+0 '0 52 /GVJQF

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&+0 +51

RKPEGU FG RTÅEKUKQP RQWT VTCXCWZ FG EQWRG VTÄU FÅNKECVU RCT GZ FCPU NG FQOCKPG FG NnÅNGEVTQPKSWG GV FG NC OÅECPKSWG FG RTÅEKUKQP ■ VTCPEJCPVU OGWNÅU CXGE ITCPFG RTÅEKUKQP CHH×VÅU FQVÅU FG VTÄU RGVKVU DKUGCWZ RQWT NC EQWRG GZCEVG FG EQORQUCPVU ÅNGEVTQPKSWGU UGPUKDNGU ÅICNGOGPV FKURQPKDNGU UCPU DKUGCW RQWT WPG EQWRG ¼ TCU ■ VTCPEJCPVU VTGORÅU RCT KPFWEVKQP FWTGVÅ FnGPX *4% ■ GPX RNWU NÅIÄTG SWG NGU RKPEGU ÅNGEVTQPKSWGU UVCPFCTFU ■ EJCTPKÄTG XKUUÅG FQPV NGU UWTHCEGU QPV HCKV NnQDLGV FnWPG HCDTKECVK QP RCTVKEWNKÄTGOGPV UQKIPÅG RQWT RGTOGVVTG WP OQWXGOGPV UCPU ¼ EQWRU GV ¼ HCKDNG HTKEVKQP FCPU VQWVG NC RNCIG FnQWXGTVWTG ■ FQWDNG TGUUQTV UQWRNG RQWT WPG QWXGTVWTG UCPU ¼ EQWRU GV TÅIWNKÄTG ■ ICKPG FG RQKIPÅGU DK OCVKÄTG ¼ NnGTIQPQOKG QRVKOKUÅG ■ HQTIÅG GP CEKGT ¼ TQWNGOGPVU EJTQOG XCPCFKWO ■

VÆVG OKPKCVWTG VÆVG TQPFG

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&+0 +51

(QTOG CXGE RGVKV DKUGCW

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&+0 +51

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RQWT NC VGEJPKSWG 5/& RQKPVGU EQWFÃ…GU NCTIGWT GPX OO CXGE RTQHKNÃ… FG RTKUG KPVÃ…ITÃ… RQWT NGU EQORQUCPVU E[NKPFTKSWGU FnWP FKCOÄVTG FG OO KPVÃ…TKGWT FGU O¾EJQKTGU ¼ HKPKVKQP OCVG RQWT WPG RTKUG GP OCKP QRVKOCNG CEKGT CW EJTQOG PKEMGN KPQZ[FCDNG CPVKOCIPÃ…VKSWG OQFÄNG VTÄU WUKVÃ… FCPU NnÃ…NGEVTQPKSWG

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(KPKVKQP KPQZ[FCDNG CPVKOCIPÃ…VKSWG KPQZ[FCDNG CPVKOCIPÃ…VKSWG KPQZ[FCDNG CPVKOCIPÃ…VKSWG TÃ…UKUVCPVG CWZ CEKFGU KPQZ[FCDNG CPVKOCIPÃ…VKSWG

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6GEJPKSWG 5/& /Ã…VJQFG FG UQWFWTG FGU EQORQUCPVU Ã…NGEVTQPKSWGU UoCRRGNNG CWUUK ‡%QORQUCPVU /QPVÃ… GP 5WTHCEG— %/5 .C RTQEÃ…FWTG EQPUKUVG ¼ EQNNGT VGORQTCKTGOGPV NG EQORQUCPV UWT NC ECTVG RWKU FG RCUUGT NG VQWV FCPU WP DCKP TGORNK FG UQWFWTG ¼ NoÃ…VCKP NKSWKFG

$TWEGNNGU FG RTÃ…EKUKQP HQTOG RQKPVWG

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NCTIGWT FGU O¾EJQKTGU FG OO RQWT EQORQUCPVU E[NKPFTKSWGU FnWP FKCOÄVTG FG OO RQKIPÃ…GU ECPPGNÃ…GU KPQZ[FCDNG CPVKOCIPÃ…VKSWG GV TÃ…UKUVCPVG CWZ CEKFGU RQKPVGU EQWFÃ…GU RQKPVGU RCTVKEWNKÄTGOGPV TÃ…UKUVCPVGU KPQZ[FCDNG CPVKOCIPÃ…VKSWG

HKPKVKQP OCVG CPVKTGHNGV KPVÃ…TKGWT FGU O¾EJQKTGU ¼ HKPKVKQP OCVG RQWT WPG RTKUG GP OCKP QRVKOCNG CEKGT CW EJTQOG PKEMGN KPQZ[FCDNG CPVKOCIPÃ…VKSWG OQFÄNG VTÄU WUKVÃ… FCPU NnÃ…NGEVTQPKSWG HKPKVKQP OCVG CPVKTGHNGV KPVÃ…TKGWT FGU O¾EJQKTGU ¼ HKPKVKQP OCVG RQWT WPG RTKUG GP OCKP QRVKOCNG CEKGT CW EJTQOG PKEMGN KPQZ[FCDNG CPVKOCIPÃ…VKSWG OQFÄNG VTÄU WUKVÃ… FCPU NnÃ…NGEVTQPKSWG

HKPKVKQP OCVG CPVKTGHNGV KPQZ[FCDNG CPVKOCIPÃ…VKSWG GV TÃ…UKUVCPVG CWZ CEKFGU

RQWT VTCXCWZ FG OQPVCIG FÃ…NKECVU HQTOG FTQKVG â– KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG â– RQKPVGU RCTVKEWNKÄTGOGPV GHHKNÃ…GU â–

RQWT NC VGEJPKSWG 5/& RQKPVGU EQWFÃ…GU NCTIGWT GPX OO KPVÃ…TKGWT FGU O¾EJQKTGU ¼ HKPKVKQP OCVG RQWT WPG RTKUG GP OCKP QRVKOCNG CEKGT CW EJTQOG PKEMGN KPQZ[FCDNG CPVKOCIPÃ…VKSWG OQFÄNG VTÄU WUKVÃ… FCPU NnÃ…NGEVTQPKSWG

VKVCPG ÅNGEVTQEQPFWEVTKEG VTÄU NÅIÄTG HKPKVKQP OCVG CPVKTGHNGV KPQZ[FCDNG CPVKOCIPÅVKSWG GV TÅUKUVCPVG CWZ CEKFGU I

PKEMGNÃ…G DTKNNCPVG GV RQNKG

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$TWEGNNGU FG RTÃ…EKUKQP HQTOG WNVTCHKPG

RQWT VTCXCWZ FG OQPVCIG VTÄU FÃ…NKECVU â– RQKPVGU GZVTC HKPGU â– KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG â– KPQZ[FCDNG CPVKOCIPÃ…VKSWG â– HKPKVKQP OCVG CPVKTGHNGV

HQTOG FTQKVG

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HQTOG COÃ…TKECKPG TQDWUVG HQTOG FTQKVG KPQZ[FCDNG CPVKOCIPÃ…VKSWG GV TÃ…UKUVCPVG CWZ CEKFGU

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$TWEGNNGU FG RTÃ…EKUKQP

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RQKPVGU EQWFÃ…GU

WVKNKUCVKQP WPKXGTUGNNG RQKPVGU Ã…VTQKVGU â– KPVÃ…TKGWT FGU O¾EJQKTGU HKPGOGPV UVTKÃ… â– RQKIPÃ…GU ECPPGNÃ…GU â– â–

CXGE IQWLQP HQTOG RQKPVWG

RQKPVGU GP HQTOG FG HCWEKNNG CEKGT CW EJTQOG PKEMGN KPQZ[FCDNG CPVKOCIPÃ…VKSWG OQFÄNG VTÄU WUKVÃ… FCPU NnÃ…NGEVTQPKSWG KPVÃ…TKGWT FGU O¾EJQKTGU ¼ HKPKVKQP OCVG RQWT WPG RTKUG GP OCKP QRVKOCNG

HQTOG FTQKVG HKPKVKQP OCVG CPVKTGHNGV KPQZ[FCDNG CPVKOCIPÃ…VKSWG GV TÃ…UKUVCPVG CWZ CEKFGU

HQTOG FTQKVG PKEMGNÃ…G RQKPVGU EQWFÃ…GU PKEMGNÃ…G

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RQKPVGU EQWFÃ…GU NCSWÃ…G PQKT CPVKTGHNGV

(KPKVKQP KPQZ[FCDNG CPVKOCIPÃ…VKSWG TÃ…UKUVCPVG CWZ CEKFGU PKEMGNÃ…G PKEMGNÃ…G PQKTG NCSWÃ…G

$TWEGNNGU FG RTÃ…EKUKQP HQTOG TQPFG GHHKNÃ…G

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RQKPVGU TQPFGU NCTIGWT GPX OO KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG â– KPQZ[FCDNG CPVKOCIPÃ…VKSWG GV TÃ…UKUVCPVG CWZ CEKFGU â– #EKGT CW PKEMGN EJTQOG KPQZ[FCDNG CPVKOCIPÃ…VKSWG TÃ…UKUVCPV CWZ CEKFGU â– â–

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KPQZ[FCDNG CPVKOCIPÃ…VKSWG TÃ…UKUVCPVG CWZ CEKFGU

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$TWEGNNGU FG RTÃ…EKUKQP HQTOG Ã…OQWUUÃ…G

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RQKPVGU TQPFGU NCTIGWT GPX OO KPVÃ…TKGWT FGU O¾EJQKTGU HKPGOGPV UVTKÃ… PKEMGNÃ…G RQKPVGU TQPFGU NCTIGWT GPX OO KPVÃ…TKGWT FGU O¾EJQKTGU HKPGOGPV UVTKÃ… NCSWÃ…G PQKT CPVKTGHNGV

(KPKVKQP PKEMGNÃ…G PKEMGNÃ…G PKEMGNÃ…G PQKTG NCSWÃ…G KPQZ[FCDNG CPVKOCIPÃ…VKSWG TÃ…UKUVCPVG CWZ CEKFGU

$TWEGNNGU GP RNCUVKSWG

RQKPVGU TQPFGU NCTIGWT GPX OO KPVÃ…TKGWT FGU O¾EJQKTGU HKPGOGPV UVTKÃ… PKEMGNÃ…G

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DTWEGNNGU FnQTHÄXTG RQKPVGU TQPFGU NCTIGWT GPX OO KPVÃ…TKGWT FGU O¾EJQKTGU HKPGOGPV UVTKÃ… GP ETQKZ PKEMGNÃ…G

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$TWEGNNGU FG RTÃ…EKUKQP DQWVU ECTTÃ…U Ã…OQWUUÃ…U

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RQKPVGU TQPFGU NCTIGWT GPX OO KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ… HKPKVKQP OCVG CPVKTGHNGV KPQZ[FCDNG CPVKOCIPÃ…VKSWG GV TÃ…UKUVCPVG CWZ CEKFGU

RQKPVGU VTCRÃ…\QËFCNGU NCTIGWT GPX OO KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ… â– RQKIPÃ…GU ECPPGNÃ…GU â– EQTRU FGU DTWEGNNGU OCVKÄTG RNCUVKSWG OCUUKXG TÃ…UKUVCPVG ¼ FGU VGORÃ…TCVWTGU OCZ FG ÂŒ% â– â–

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DTWEGNNGU FG OQPVCIG RQKPVGU ECTTÃ…GU NCTIGWT GPX OO â– KPVÃ…TKGWT FGU O¾EJQKTGU HKPGOGPV UVTKÃ… â– PKEMGNÃ…G â– #EKGT ¼ TGUUQTV JCWVG TÃ…UKUVCPEG â– â–

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$TWEGNNGU ¼ DGEU ETQKUÃ…U

RQWT VGPKT NGU RGVKVGU RKÄEGU UCPU RTGUUKQP FGU FQKIVU â– DQP UGTTCIG â– PKEMGNÃ…G â– #EKGT ¼ TGUUQTV JCWVG TÃ…UKUVCPEG

RQKPVG VTCRÃ…\QËFCNG HQTOG FTQKVG KPVÃ…TKGWT FGU O¾EJQKTGU HKPGOGPV UVTKÃ… RQKIPÃ…GU ECPPGNÃ…GU

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RQKPVGU Ã…VTQKVGU HQTOG FTQKVG KPVÃ…TKGWT FGU O¾EJQKTGU HKPGOGPV UVTKÃ… ICKPÃ…GU

RQKPVGU Ã…VTQKVGU RQKPVGU EQWFÃ…GU KPVÃ…TKGWT FGU O¾EJQKTGU HKPGOGPV UVTKÃ… ICKPÃ…GU

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XÃ…TKHKÃ…G UGNQP %'+ KUQNCVKQP RCT UWTOQWNCIG â– PKEMGNÃ…G â– #EKGT ¼ TGUUQTV JCWVG TÃ…UKUVCPEG â– â–

RQWT VTCXCWZ FG OQPVCIG VTÄU FÃ…NKECVU RQKPVGU GZVTC HKPGU HQTOG FTQKVG KPVÃ…TKGWT FGU O¾EJQKTGU ¼ HKPKVKQP OCVG RQWT WPG RTKUG GP OCKP QRVKOCNG HQTOG FTQKVG KPVÃ…TKGWT FGU O¾EJQKTGU HKPGOGPV UVTKÃ… RQKPVGU EQWFÃ…GU KPVÃ…TKGWT FGU O¾EJQKTGU HKPGOGPV UVTKÃ…

HQTOG FTQKVG KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ…

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$TWEGNNGU FG RTÃ…EKUKQP '5&

CEKGT CW EJTQOG PKEMGN KPQZ[FCDNG CPVKOCIPÃ…VKSWG OQFÄNG VTÄU WUKVÃ… FCPU NnÃ…NGEVTQPKSWG â– TGXÆVGOGPV '5& CPVKTGHNGV PQKT CXGE WPG TÃ…UKUVCPEG FG UWTHCEG FnGPX 1JO â– RQKPVGU DTQUUÃ…GU CPVKTGHNGV â– KPVÃ…TKGWT FGU O¾EJQKTGU ¼ HKPKVKQP OCVG RQWT WPG RTKUG GP OCKP QRVKOCNG â– #EKGT CW PKEMGN EJTQOG KPQZ[FCDNG CPVKOCIPÃ…VKSWG â–

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'5& RQWT NC VGEJPKSWG 5/& RQKPVGU EQWFÃ…GU KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG

'5& RQKPVGU GP HQTOG FG HCWEKNNG KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG

'5& RQWT NC RTÃ…JGPUKQP FG EQORQUCPVU E[NKPFTKSWGU JQTK\QPVCWZ FnWP FKCOÄVTG FG OO KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG RQKIPÃ…GU ECPPGNÃ…GU

'5& RQKPVGU TQPFGU NCTIGWT GPX OO HQTOG FTQKVG KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG

'5& HQTOG FTQKVG RQKPVGU TÃ…UKUVCPVGU KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG

'5& RQKPVGU TQPFGU NCTIGWT GPX OO HQTOG FTQKVG KPVÃ…TKGWT FGU O¾EJQKTGU UVTKÃ… RQKIPÃ…GU ECPPGNÃ…GU

'5& HQTOG FTQKVG RQKPVGU HKPGU KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG

'5& RQKPVGU ECTTÃ…GU NCTIGWT GPX OO KPVÃ…TKGWT FGU O¾EJQKTGU HKPGOGPV UVTKÃ…

'5& RQKPVGU WNVTCHKPGU HQTOG FTQKVG KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG

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'5& HQTOG COÃ…TKECKPG TQDWUVG RQKPVGU NQPIWGU HQTOG FTQKVG KPVÃ…TKGWT FGU O¾EJQKTGU NKUUG

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(KPKVKQP KPQZ[FCDNG CPVKOCIPÃ…VKSWG FÃ…TKXCPV NnÃ…NGEVTKEKVÃ… UVCVKSWG KPQZ[FCDNG CPVKOCIPÃ…VKSWG FÃ…TKXCPV NnÃ…NGEVTKEKVÃ… UVCVKSWG KPQZ[FCDNG CPVKOCIPÃ…VKSWG FÃ…TKXCPV NnÃ…NGEVTKEKVÃ… UVCVKSWG KPQZ[FCDNG CPVKOCIPÃ…VKSWG FÃ…TKXCPV NnÃ…NGEVTKEKVÃ… UVCVKSWG KPQZ[FCDNG CPVKOCIPÃ…VKSWG FÃ…TKXCPV NnÃ…NGEVTKEKVÃ… UVCVKSWG KPQZ[FCDNG CPVKOCIPÃ…VKSWG FÃ…TKXCPV NnÃ…NGEVTKEKVÃ… UVCVKSWG KPQZ[FCDNG CPVKOCIPÃ…VKSWG FÃ…TKXCPV NnÃ…NGEVTKEKVÃ… UVCVKSWG KPQZ[FCDNG CPVKOCIPÃ…VKSWG FÃ…TKXCPV NnÃ…NGEVTKEKVÃ… UVCVKSWG KPQZ[FCDNG CPVKOCIPÃ…VKSWG FÃ…TKXCPV NnÃ…NGEVTKEKVÃ… UVCVKSWG KPQZ[FCDNG CPVKOCIPÃ…VKSWG FÃ…TKXCPV NnÃ…NGEVTKEKVÃ… UVCVKSWG

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6GEJPKSWG 5/& /Ã…VJQFG FG UQWFWTG FGU EQORQUCPVU Ã…NGEVTQPKSWGU UoCRRGNNG CWUUK ‡%QORQUCPVU /QPVÃ… GP 5WTHCEG— %/5 .C RTQEÃ…FWTG EQPUKUVG ¼ EQNNGT VGORQTCKTGOGPV NG EQORQUCPV UWT NC ECTVG RWKU FG RCUUGT NG VQWV FCPU WP DCKP TGORNK FG UQWFWTG ¼ NoÃ…VCKP NKSWKFG

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%JCNGWT CEECDNCPVG UQNGKN KORKVQ[CDNG RQWUUKÄTG QOPKRTÅUGPVG s KN [ C RCTHQKU FGU GPFTQKVU QÕ NGU QWVKNU UQPV OKU ¼ TWFG ÅRTGWXG 'V RWKU KN [ C CWUUK NoKPVGTXGP VKQP FCPU WPG ÅNÅICPVG XKNNC &CPU NGU FGWZ ECU NG RTQHGUUKQPPGN PG NCKUUG TKGP CW JCUCTF +N UCKV SWG UC XCNKUG ¼ QWVKNU GUV ¼ NC HQKU UQP OGKNNGWT UGTXKVGWT GV UC ECTVG FG XKUKVG #XGE WPG XCNKUG -0+2': KN C VQWLQWTU NG DQP QWVKN UQWU NC OCKP GV NC RTGOKÄTG DQPPG KORTGUUKQP FG UQP EÐVÅ s QÕ GV SWCPF SWG EG UQKV PÅEGUUCKTG

#UUQTVKOGPVU F QWVKNU /CNNGVVGU ¼ QWVKNU 6TQWUUG ¼ QWVKNU -PKRGZ /KPKU ,GWZ FG RKPEGU UWT RNCVGCWZ GP OQWUUG #UUQTVKOGPVU FnQWVKNU /CNNGVVG ¼ QWVKNU RQWT NnKPUVCNNCVKQP ÅNGEVTKSWG /CNNGVVG ¼ QWVKNU RQWT CRRTGPVKU GP KPUVCNNCVKQPU ÅNGEVTKSWGU /CNNGVVG ¼ QWVKNU ¥NGEVTKEKGP /CNNGVVG ¼ QWVKNU ' %JGEM 2QEJGVVG RQWT EGKPVWTG 2QTVG QWVKNU RQWT EGKPVWTG /CNNGVVG ¼ QWVKNU 0GY %NCUUKE $CUKE /CNNGVVG ¼ QWVKNU $CUKE /CNNGVVG ¼ QWVKNU 5VCPFCTF /CNNGVVG ¼ QWVKNU %NCUUKE ++ /CNNGVVG ¼ QWVKNU $+) 6YKP /CNNGVVG ¼ QWVKNU $+) 6YKP /QXG /CNNGVVG ¼ QWVKNU XKFG /CNNGVVG ¼ QWVKNU 4QDWUV

.GU EQPFKVKQPU JQUVKNGU GZKIGPV FGU UQNWVKQPU TÅ UKUVCPVGU .C |4QDWUVG| -0+2': RTQVÄIG NGU QWVKNU FG NC RQWUUKÄTG FG NoCKT GV FG NoGCW OÆOG GP EQPFK VKQPU GZVTÆOGU FG VGORÅTCVWTG

#55146+/'065 &n176+.5

6TQWUUG ¼ QWVKNU QWVKNU

RQWT VGEJPKEKGP GP VÅNÅEQOOWPKECVKQPU GV ÅNGEVTQVGEJPKEKGP VTQWUUG GP RQN[GUVGT VKUUÅ TÅUKUVCPV ■ CXGE HGTOGVWTG TCRKFG TÅINCDNG RTCVKSWG ■ EQORTGPCPV RKPEGU GV VQWTPGXKU ■ RKPEGU ¼ VÆVG EJTQOÅG GV RQKIPÅGU ICKPÅGU DKEQNQTGU DK OCVKÄTG ■ VQWTPGXKU VGUVÅU RCT 8&' UGNQP &+0 '0 8 ■ ■

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6TQWUUG ¼ QWVKNU QWVKNU 2KPEG WPKXGTUGNNGU 2KPEG ¼ FÅPWFGT 2KPEG FGOK TQPFG CXGE VTCPEJCPV RKPEG TCFKQ 2KPEG ¼ DGEU NQPIU 2KPEG FG RTÅJGPUKQP RKPEG WNVTCHKPG 2KPEG EQWRCPVG FG FGXCPV ¼ HQTVG FÅOWNVKRNKECVKQP 2KPEG EQWRCPVG FG EÐVÅ 6QWTPGXKU RQWT XKU ¼ HGPVG 6QWTPGXKU RQWT XKU ¼ VÆVG ETWEKHQTOG 2JKNNKRU

-0+2': /KPKU FCPU RQEJGVVG RQWT EGKPVWTG ¼ RKÄEGU

8

-0+2': /KPKU FCPU RQEJGVVG RTCVKSWG RQWT EGKPVWTG ¼ RKÄEGU ■ GP RQN[GUVGT VKUUÅ TÅUKUVCPV ■ CXGE 8GNETQ ■ NQIGOGPV ÅNCUVKSWG UWT NG EÐVÅ RQWT NCORG VQTEJG UV[NQ GVE ■ CXGE RCUUCPV RQWT EGKPVWTG RTCVKSWG ■ FKOGPUKQPU . Z * Z 2 Z Z OO ■

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2QEJGVVG RQWT EGKPVWTG

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-0+2': /KPKU FCPU RQEJGVVG RQWT EGKPVWTG ¼ RKÄEGU -0+2': 2KPEG ENÅ OKPKCVWTG RKPEG GV ENÅ ¼ NC HQKU -0+2': %QDTC 2KPEG OWNVKRTKUG FG RQKPVG -0+2': /KPKU FCPU RQEJGVVG RQWT EGKPVWTG ¼ RKÄEGU -0+2': 2KPEGU EQWRCPVGU FG EÐVÅ ¼ HQTVG FÅOWNVKRNKECVKQP -0+2': %QDTC 2KPEGU OWNVKRTKUG FG RQKPVG

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#55146+/'065 &n176+.5

,GWZ FG RKPEGU UWT RNCVGCWZ GP OQWUUG

TCPIÅU FCPU FGU RNCVGCWZ GP OQWUUG RQWT ÅVCDNKU GV EJCTKQVU FoCVGNKGT RQWT WP TCPIGOGPV QTFQPPÅ FGU QWVKNU ■ RNCVGCW GP OQWUUG CXGE GORTGKPVGU C[CPV NC HQTOG GZCEVG FGU QWVKNU ■ FKOGPUKQPU FW RNCVGCW GP OQWUUG . Z * Z 2 Z Z OO ■ OCVÅTKCW OQWUUG DKEQNQTG ¼ RQTGU HGTOÅU ■ ■

8 RKPEGU UWT RNCVGCW GP OQWUUG 8

8 RKPEGU FG RTÅEKUKQP RQWT EKTENKRU UWT RNCVGCW GP OQWUUG 8

8 RKPEGU UWT RNCVGCW GP OQWUUG

8

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,GW FG RKPEGU $CUKE RKPEGU UWT RNCVGCW GP OQWUUG 2KPEG WPKXGTUGNNG 2KPEG FGOK TQPFG CXGE VTCPEJCPV RKPEG DGE FG EKIQIPG 2KPEG EQWRCPVG FG EÐVÅ ¼ HQTVG FÅOWNVKRNKECVKQP -0+2': %QDTC 2KPEG OWNVKRTKUG FG RQKPVG ,GW FG RKPEGU RQWT EKTENKRU RKPEGU FG RTÅEKUKQP RQWT EKTENKRU UWT RNCVGCW GP OQWUUG , , 2KPEG FG RTÅEKUKQP RQWT EKTENKRU RQWT EKTENKRU KPVÅTKGWTU FnCNÅUCIG 90° , # # 2KPEG FG RTÅEKUKQP RQWT EKTENKRU RQWT EKTENKRU GZVÅTKGWTU FnCTDTG 90° # ,GW FG RKPEGU OWNVKRTKUG RKPEGU UWT RNCVGCW GP OQWUUG -0+2': 5OCTV)TKR 2KPEG OWNVKRTKUG ¼ TÅINCIG CWVQOCVKSWG %NÅ CLWUVCDNG -0+2': %QDTC '5 2KPEG OWNVKRTKUG WNVTC GHHKNÅG

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#55146+/'065 &n176+.5

#UUQTVKOGPVU FnQWVKNU

8 5GV FoQWVKNNCIG $GUVUGNNGT RKPEGU ¼ VÆVG RQNKG RQKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG CPVKFÃ…TCRCPV QW CXGE ICKPGU DK OCVKÄTG 8

8 5GV FoQWVKNNCIG %QDTCŠ RKPEGU ITKUGU CVTCOGPVKUÅGU RQKIPÅGU CXGE ICKPCIG GP RNCUVKSWG CPVKFÅTCRCPV 8

8 5GV FoQWVKNNCIG #NNKICVQTŠ RKPEGU ¼ VÆVG RQNKG RQKIPÃ…GU CXGE ICKPCIG GP RNCUVKSWG CPVKFÃ…TCRCPV 8

,GW FG RKPEGU URÃ…EKCN HQTEG RKPEGU ¼ VÆVG RQNKG GV RQKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG

QWVKNU NKXTÃ…U FCPU WP GODCNNCIG VJGTOQHQTOÃ… ¼ EQWXGTENG VTCPURCTGPV GODCNNCIG CVVTCEVKH ¼ RGTHQTCVKQP .5 â– FKOGPUKQPU . Z * Z 2 Z Z OO â– OCVÃ…TKCW ECTVQP FnGODCNNCIG TQDWUVG KORTKOÃ… â– â–

#55146+/'065 &n176+.5

,GW FG OQPVCIG RKPEGU ¼ RQKIPÅGU ICKPÅGU DKEQNQTGU DK OCVKÄTG

,GW ¥NGEVTKEKGP RKPEGU EQPVTÐNÅGU RCT NG 8&' UGNQP &+0 '0 %'+ 8 RKPEGU EJTQOÅGU RQKIPÅGU ICKPÅGU DK OCVKÄTG

,GW 8 8&' QWVKNU EQPVTÐNÅU RCT NG 8&' UGNQP &+0 '0 %'+ 8 RKPEGU EJTQOÅGU RQKIPÅGU ICKPÅGU DK OCVKÄTG CXGE VQWTPGXKU 9'4#

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&KOGPUKQP 3WCPVKVÅ PQOKPCNG

5GV FnQWVKNNCIG $GUVUGNNGT 2KPEG WPKXGTUGNNG 2KPEG EQWRCPVG FG EÐVÅ

8

8

OO

OO OO OO

OO OO OO

OO OO

-0+2': %QDTC 2KPEG OWNVKRTKUG FG RQKPVG

OO

,GW FG OQPVCIG 2KPEG WPKXGTUGNNG

OO

OO

OO

OO

OO

OO

-PKRGZ

-0+2': %QDTC 2KPEG OWNVKRTKUG FG RQKPVG

2KPEG FGOK TQPFG CXGE VTCPEJCPV

RKPEG DGE FG EKIQIPG

2KPEG EQWRCPVG FG EÐVÅ ,GW ¥NGEVTKEKGP 2KPEG WPKXGTUGNNG 2KPEG FGOK TQPFG CXGE VTCPEJCPV

RKPEG DGE FG EKIQIPG

OO OO

-PKRGZ

-PKRGZ

2KPEG FGOK TQPFG CXGE VTCPEJCPV

RKPEG DGE FG EKIQIPG

2KPEG EQWRCPVG FG EÐVÅ

6QWTPGXKU RQWT XKU 2JKNNKRU K 2*

-PKRGZ

-PKRGZ

-PKRGZ

2KPEG EQWRCPVG FG EÐVÅ ,GW 8 8&'

'PUGODNG %QDTC -0+2': %QDTC 2KPEG OWNVKRTKUG FG RQKPVG ,GW FG RKPEGU #NNKICVQT -0+2': #NNKICVQT 2KPEG OWNVKRTKUG ,GW FG RKPEGU URÅEKCN HQTEG 2KPEG WPKXGTUGNNG ¼ HQTVG FÅOWNVKRNKECVKQP 2KPEG EQWRCPVG FG EÐVÅ ¼ HQTVG FÅOWNVKRNKECVKQP

I

-PKRGZ

6QWTPGXKU RQWT XKU ¼ HGPVG K 9GTC

OO

OO Z Z OO Z Z OO 2* Z OO

#55146+/'065 &n176+.5

/CNNGVVG ¼ QWVKNU QWVKNU

EQORTGPCPV QWVKNU FG OCTSWG GV FG SWCNKVÅ RQWT EGTVCKPU VGUVÅU RCT 8&' UGNQP &+0 '0 %'+ ■ XGTUKQP RTCVKSWG GP EWKT XCEJGVVG TÅUKUVCPV CXGE RQEJG CXCPV FTCIQPPGU TÅINCDNGU GV DCPFQWNKÄTG ■ EQSWG FG HQPF OÅVCNNKSWG \KPIWÅG ■ EQTRU FG NC OCNNGVVG TGPHQTEÅ CXGE FGU EQKPU GP CNWOKPKWO ■ FKOGPUKQPU GZVÅTKGWT . Z * Z 2 Z Z OO ■

RQWT NnKPUVCNNCVKQP ÅNGEVTKSWG

6.

4ÅH 6.

'#0

/CNNGVVG ¼ QWVKNU QWVKNU 2KPEG WPKXGTUGNNG 2KPEG ¼ FÅPWFGT

2KPEG FGOK TQPFG CXGE VTCPEJCPV RKPEG TCFKQ -PKRGZ 2KPEG EQWRCPVG FG EÐVÅ %QWVGCW FnÅNGEVTKEKGP RQWT E¾DNGU 1WVKN ¼ FÅICKPGT $WTKP FoÅNGEVTKEKGP 4GPPUVGKI $WTKP FG OCÃQP

6QWTPGXKU RQWT XKU ¼ HGPVG K

6QWTPGXKU RQWT XKU 2JKNNKRU K 2*

9GTC

6QWTPGXKU RQWT XKU ¼ HGPVG 6GUVGWT FG EQWTCPV /CTVGCW FG OÅECPKEKGP /CTVGCW DWTKPGWT 2KPEGCW RNCV 5RCVWNG FG RGKPVTG /ÄVTG OÄVTG RNKCPV 5EKG 27- $CE ¼ RN¾VTG

2KECTF

*CWPUVÀVVGT 0ÒNNG

3WCPVKVÅ

&KOGPUKQP PQOKPCNG

OO OO

OO

OO OO OO Z OO Z Z OO Z Z OO Z Z OO Z Z OO 2* Z OO 2* Z OO Z Z OO Z Z OO Z Z OO I I OO OO O Z OO Z OO

I

#55146+/'065 &n176+.5

/CNNGVVG ¼ QWVKNU QWVKNU

XGTUKQP RTCVKSWG GP EWKT XCEJGVVG TÅUKUVCPV CXGE RQEJG CXCPV FTCIQPPGU TÅINCDNGU GV DCPFQWNKÄTG ■ RCTQK CXCPV RCTQK CTTKÄTG GV EQWXGTENG GP EWKT XCEJGVVG PQKT ■ QWXGTVWTG RCTVKGNNG GV CLWUVCDNG FG NC RCTQK CXCPV CXGE RQTVG FQEWOGPVU EÐVÅ GZVÅTKGWT ■ RCTQK CXCPV TGPHQTEÅG CXGE FGU CPINGU GP CNWOKPKWO ■ EQSWG FG HQPF OÅVCNNKSWG \KPIWÅG ■ RQKIPÅG ■ FKOGPUKQPU GZVÅTKGWT . Z * Z 2 Z Z OO ■

OCNGVVG ¼ QWVKNU RQWT CRRTGPVKU GP KPUVCNNCVKQPU ÅNGEVTKSWGU

.' UCPU QWVKN 5. EQORTGPCPV QWVKNU FG OCTSWG GV FG SWCNKVÅ RQWT EGTVCKPU VGUVÅU RCT 8&' UGNQP &+0 '0 %'+

5.

4ÅH 5.

'#0

3WCPVKVÅ

.'

/CNNGVVG ¼ QWVKNU QWVKNU 2KPEG WPKXGTUGNNG 2KPEG ¼ FÅPWFGT 1WVKN ¼ FÅICKPGT 2KPEG FGOK TQPFG CXGE VTCPEJCPV RKPEG TCFKQ 2KPEG EQWRCPVG FG EÐVÅ %QWVGCW FnÅNGEVTKEKGP RQWT E¾DNGU $WTKP FoÅNGEVTKEKGP $WTKP FG OCÃQP /CTVGCW FG OÅECPKEKGP /CUUGVVG 2KPEGCW RNCV 5RCVWNG FG RGKPVTG %TC[QP FG EJCTRGPVKGT 6QWTPGXKU RQWT XKU ¼ HGPVG K 6QWTPGXKU RQWT XKU 2JKNNKRU K 6QWTPGXKU RQWT XKU 2Q\KFTKX K 6GUVGWT FG EQWTCPV 5EKG 27- $CE ¼ RN¾VTG /CNNGVVG ¼ QWVKNU 0GY %NCUUKE $CUKE XKFG

-PKRGZ

4GPPUVGKI

2KECTF

9GTC

*CWPUVÀVVGT 0ÒNNG

&KOGPUKQP PQOKPCNG

I

OO OO OO OO OO OO Z OO OO I I OO OO EO Z Z OO Z Z OO Z Z OO Z Z OO 2* Z OO 2* Z OO 2< Z OO 2< Z OO Z Z OO Z OO Z OO

#55146+/'065 &n176+.5

/CNNGVVG ¼ QWVKNU ¥NGEVTKEKGP QWVKNU

XGTUKQP GP #$5 TÅUKUVCPV PQKT FQWDNG ECFTG GP CNWOKPKWO UWT VQWV NG RQWTVQWT ■ EJCTPKÄTGU GPENKSWGVCDNGU UGTXCPV ¼ OCKPVGPKT NG EQWXGTENG QWXGTV ■ RQKIPÅG GTIQPQOKSWG UQNKFG ■ UGTTWTGU ¼ DCUEWNG XGTTQWKNNCDNGU ■ RNCVGCW ¼ QWVKNU COQXKDNG FCPU NG EQWXGTENG CXGE EQORCTVKOGPVU ¼ QWVKNU EÐVÅ HQPF GV ITCPFU EQORCTVKOGPVU ¼ QWVKNU CKPUK SWoWP EQORCTVKOGPV FÅENKRUCDNG OO FG NCTIGWT EÐVÅ EQWXGTENG OCKPVGPW RCT DQWVQP RTGUUKQP ■ EQSWG FG HQPF JCWVGWT OO UWDFKXKUKDNG RCT KPVGTECNCKTGU PQP TKIKFGU GV RNCVGCW EQWXGTENG CXGE ITCPFGU RQEJGU ¼ QWVKNU HKZCVKQP RCT DQWVQP RTGUUKQP ■ RNCVGCW EQWXGTENG GV RNCVGCW ¼ QWVKNU GP %QP 2GCTN ■ RQKFU VTCPURQTVCDNG OCZ FG MI ■ FKOGPUKQPU GZVÅTKGWT . Z * Z 2 Z Z OO FKOGPUKQPU KPVÅTKGWT . Z * Z 2 Z Z OO ■ ■

EQORTGPCPV QWVKNU FG OCTSWG RQWT EGTVCKPU VGUVÅU 8&' UGNQP &+0 '0 %'+

.' UCPU QWVKN

4ÅH

'#0

40°

OO OO OO OO

OO

OO OO

2KPEG ENÅ RKPEG GV ENÅ ¼ NC HQKU

OO

-0+2': %QDTC 2KPEG OWNVKRTKUG FG RQKPVG

OO

%QWRG E¾DNGU ¼ FQWDNG VTCPEJCPVU %QWVGCW FnÅNGEVTKEKGP RQWT E¾DNGU CXGE NCOG KPVGTEJCPIGCDNG

OO

OO

Z Z OO

Z Z OO

Z Z OO

Z Z OO

2* Z OO 2* Z OO 2< Z OO 2< Z OO

Z Z OO

-PKRGZ

6QWTPGXKU RQWT XKU ¼ HGPVG K

9GTC

6QWTPGXKU RQWT XKU 2JKNNKRU K 2* 6QWTPGXKU RQWT XKU 2Q\KFTKX K 6GUVGWT FG EQWTCPV

/CNNGVVG ¼ QWVKNU 5VCPFCTF XKFG

%QP 2GCTN GUV WPG OCTSWG FÅRQUÅG FG 2#4#6 9'4- 5EJÒPGPDCEJ )OD* %Q -)

.'

I

/CNNGVVG ¼ QWVKNU ¥NGEVTKEKGP QWVKNU 2KPEG WPKXGTUGNNG 2KPEG ¼ FÅPWFGT CWVQ CLWUVCDNG 1WVKN ¼ FÅICKPGT WPKXGTUGN 2KPEG FGOK TQPFG CXGE VTCPEJCPV RKPEG DGE FG EKIQIPG 2KPEG EQWRCPVG FG EÐVÅ 2KPEG EQWRCPVG FG EÐVÅ ¼ HQTVG FÅOWNVKRNKECVKQP

&KOGPUKQP PQOKPCNG

3WCPVKVÅ

#55146+/'065 &n176+.5

/CNNGVVG ¼ QWVKNU QWVKNU

EQORTGPCPV QWVKNU FG OCTSWG RQWT EGTVCKPU VGUVÅU RCT 8&' UGNQP &+0 '0 %'+ ■ EQSWG GP #$5 TQDWUVG TGPHQTEÅG RCT WP ECFTG GP CNWOKPKWO GV WP TGDQTF FG RTQVGEVKQP ■ RQTVG FQEWOGPVU GV RCUUCPVU RQTVG ETC[QPU ■ RNCVGCW ¼ QWVKNU COQXKDNG CXGE RCUUCPVU ÅNCUVKSWGU FGU FGWZ EÐVÅU ■ RNCVGCW EQWXGTENG CXGE RCUUCPVU ÅNCUVKSWGU GV RTQVGEVKQPU GP VKUUW ■ EQSWG NCTIG CXGE UÅRCTCVKQPU COQXKDNGU RCT GZ RQWT CRRCTGKNU FG OGUWTG GV FG EQPVTÐNG FKOGPUKQPU KPVÅTKGWT Z Z OO ■ ECFGPCU OÅVCNNKSWGU TQDWUVGU GV UGTTWTG EGPVTCNG ¼ EQODKPCKUQP

EJKHHTGU ■ RQKIPÅG GTIQPQOKSWG UQNKFG ■ RKGFU FGU FGWZ EÐVÅU ■ EQWNGWT GHHGV CTIGPV CNWOKPKWO ■

4ÅH

'#0 /CNNGVVG ¼ QWVKNU QWVKNU

OO OO OO OO

2KPEG FGOK TQPFG CXGE VTCPEJCPV

RKPEG DGE FG EKIQIPG -PKRGZ

OO

2KPEG ENÅ RKPEG GV ENÅ ¼ NC HQKU

OO

-0+2': %QDTC 2KPEG OWNVKRTKUG FG RQKPVG

OO

OO

$TWEGNNGU FG RTÅEKUKQP %QWVGCW FnÅNGEVTKEKGP RQWT E¾DNGU CXGE NCOG KPVGTEJCPIGCDNG

6QWTPGXKU RQWT XKU ¼ HGPVG K

9GTC

6QWTPGXKU RQWT XKU 2JKNNKRU K 2*

6QWTPGXKU RQWT XKU 2Q\KFTKX K

I

OO OO

OO

2KPEG EQWRCPVG FG EÐVÅ

40°

&KOGPUKQP PQOKPCNG

%NÅ WPKXGTUGNNG RQWT CTOQKTGU FG EQOOCPFG RQWT VQWVGU NGU CTOQKTGU GV U[UVÄOGU FG HGTOGVWTG UVCPFCTFU 2KPEG WPKXGTUGNNG 2KPEG ¼ FÅPWFGT CWVQ CLWUVCDNG 1WVKN ¼ FÅICKPGT WPKXGTUGN

3WCPVKVÅ

OO

Z Z OO Z Z OO Z Z OO Z Z OO Z Z OO Z Z OO 2* Z OO 2* Z OO 2* Z OO 2< Z OO 2< Z OO

/#..'66'5 176+.5

2QEJGVVG RQWT EGKPVWTG RQWT FGWZ RKPEGU XKFG

RQWT FGWZ RKPEGU LWUSWn¼ OO NQPIWGWT GP RQN[GUVGT VKUUÅ TÅUKUVCPV ■ CXGE 8GNETQ ■ NQIGOGPV ÅNCUVKSWG UWT NG EÐVÅ RQWT NCORG VQTEJG UV[NQ GVE ■ CXGE RCUUCPV RQWT EGKPVWTG RTCVKSWG ■ ■

4ÅH .'

'#0

.CTIGWT OO

*CWVGWT OO

2TQHQPFGWT OO

I

2TQHQPFGWT OO

I

.'

2QTVG QWVKNU RQWT EGKPVWTG XKFG

GP RQN[GUVGT VKUUÅ TÅUKUVCPV GV EWKT CXGE EQORCTVKOGPVU RQWT CEEWGKNNKT LWUSWn¼ QWVKNU ■ RCUUCPVU ¼ QWVKNU GP EWKT TKXGVÅU ■ CXGE OQWUSWGVQPU ■ ■

4ÅH .'

'#0

.CTIGWT OO

*CWVGWT OO

.'

/CNNGVVG ¼ QWVKNU 0GY %NCUUKE $CUKE XKFG

XGTUKQP RTCVKSWG GP EWKT XCEJGVVG TÅUKUVCPV CXGE RQEJG CXCPV FTCIQPPGU TÅINCDNGU GV DCPFQWNKÄTG ■ RCTQK CXCPV RCTQK CTTKÄTG GV EQWXGTENG GP EWKT XCEJGVVG PQKT ■ RCTQK CXCPV TGPHQTEÅG CXGE FGU CPINGU GP CNWOKPKWO ■ QWXGTVWTG RCTVKGNNG GV CLWUVCDNG FG NC RCTQK CXCPV CXGE RQTVG FQEWOGPVU EÐVÅ GZVÅTKGWT ■ EQSWG FG HQPF OÅVCNNKSWG \KPIWÅG ■ RQKIPÅG ■

.'

4ÅH .'

'#0

&KOGPUKQP .CTIGWT GZVÅTKGWT OO

&KOGPUKQP *CWVGWT GZVÅTKGWT OO

&KOGPUKQP 2TQHQPFGWT GZVÅTKGWT OO

I

/#..'66'5 176+.5

/CNNGVVG ¼ QWVKNU $CUKE XKFG

.'

4ÅH .'

'#0

&KOGPUKQP .CTIGWT GZVÅTKGWT KPVÅTKGWT OO

/CNNGVVG ¼ QWVKNU 5VCPFCTF XKFG

XGTUKQP GP #$5 TÅUKUVCPV PQKT ECFTG GP CNWOKPKWO UWT VQWV NG RQWTVQWT CXGE CPPGCWZ GP & RQWT CEETQEJGT NC DCPFQWNKÄTG HQWTPKG ■ UGTTWTG ¼ EQODKPCKUQP EJKHHTGU GV UGTTWTGU ¼ DCUEWNG RQWT NC HKZCVKQP FW EQWXGTENG ■ RQKIPÅG GTIQPQOKSWG UQNKFG ■ EJCTPKÄTGU OÅVCNNKSWGU ■ EQWXGTENG OCKPVGPW RCT EJCTPKÄTG ■ RQTVG FQEWOGPVU FCPU NG EQWXGTENG ■ RNCVGCW ¼ QWVKNU COQXKDNG FCPU NG EQWXGTENG EQPVGPCPV EQORCTVK OGPVU GV WP RCUUCPV ÅNCUVKSWG EÐVÅ EQWXGTENG CKPUK SWG EQORCTVK OGPVU ÅVTQKVU GV ITCPF EQORCTVKOGPV ¼ QWVKNU EÐVÅ HQPF ■ EQSWG FG HQPF JCWVGWT OO UWDFKXKUKDNG CXGE FGU KPVGTECNCKTGU GV RNCVGCW EQWXGTENG EQPVGPCPV ITCPFU EQORCTVKOGPVU ¼ QWVKNU GV WP EQORCTVKOGPV RNCV OCKPVGPW RCT DQWVQP RTGUUKQP ■ RQKFU VTCPURQTVCDNG OCZ FG MI ■ ■

&KOGPUKQP *CWVGWT GZVÅTKGWT KPVÅTKGWT OO

&KOGPUKQP 2TQHQPFGWT GZVÅTKGWT KPVÅTKGWT OO

I

XGTUKQP GP #$5 TÅUKUVCPV PQKT FQWDNG ECFTG GP CNWOKPKWO UWT VQWV NG RQWTVQWT ■ EJCTPKÄTGU GPENKSWGVCDNGU UGTXCPV ¼ OCKPVGPKT NG EQWXGTENG QWXGTV ■ RQKIPÅG GTIQPQOKSWG UQNKFG ■ UGTTWTGU ¼ DCUEWNG XGTTQWKNNCDNGU ■ RNCVGCW ¼ QWVKNU COQXKDNG FCPU NG EQWXGTENG CXGE EQORCTVKOGPVU ¼ QWVKNU EÐVÅ HQPF GV ITCPFU EQORCTVKOGPVU ¼ QWVKNU CKPUK SWoWP EQORCTVKOGPV FÅENKRUCDNG OO FG NCTIGWT EÐVÅ EQWXGTENG OCKPVGPW RCT DQWVQP RTGUUKQP ■ EQSWG FG HQPF JCWVGWT OO UWDFKXKUKDNG RCT KPVGTECNCKTGU PQP TKIKFGU GV RNCVGCW EQWXGTENG CXGE ITCPFGU RQEJGU ¼ QWVKNU HKZCVKQP RCT DQWVQP RTGUUKQP ■ RNCVGCW EQWXGTENG GV RNCVGCW ¼ QWVKNU GP %QP 2GCTN ■ RQKFU VTCPURQTVCDNG OCZ FG MI ■ ■

.'

4ÅH .'

'#0

&KOGPUKQP .CTIGWT GZVÅTKGWT KPVÅTKGWT OO

/CNNGVVG ¼ QWVKNU %NCUUKE ++ XKFG

.'

4ÅH .'

'#0

&KOGPUKQP .CTIGWT GZVÅTKGWT KPVÅTKGWT OO

&KOGPUKQP *CWVGWT GZVÅTKGWT KPVÅTKGWT OO

&KOGPUKQP 2TQHQPFGWT GZVÅTKGWT KPVÅTKGWT OO

I

XGTUKQP GP #$5 TÅUKUVCPV PQKT FQWDNG ECFTG GP CNWOKPKWO UWT VQWV NG RQWTVQWT ■ EJCTPKÄTGU GPENKSWGVCDNGU UGTXCPV ¼ OCKPVGPKT NG EQWXGTENG QWXGTV ■ RQKIPÅG TQDWUVG DK OCVKÄTG CXGE GORTGKPVGU RQWT NGU FQKIVU ■ UGTTWTGU ¼ DCUEWNG XGTTQWKNNCDNGU ■ RQTVG FQEWOGPVU FCPU NG EQWXGTENG ■ RNCVGCW ¼ QWVKNU COQXKDNG FCPU NG EQWXGTENG EQPVGPCPV WP RQTVG QWVKNU %2 ÅRCKUUGWT OO EÐVÅ HQPF ■ RNCVGCW ¼ QWVKNU FCPU NG EQWXGTENG EQPVGPCPV WP RQTVG QWVKNU %2

ÅRCKUUGWT OO EÐVÅ EQWXGTENG GV WP RQTVG QWVKNU %2

ÅRCKUUGWT OO EÐVÅ HQPF ■ EQSWG FG HQPF JCWVGWT OO UWDFKXKUKDNG CXGE FGU KPVGTECNCKTGU UQWRNGU GV RNCVGCW EQWXGTENG EQPVGPCPV WP RQTVG QWVKNU %2

ÅRCKUUGWT OO EÐVÅ EQWXGTENG OCKPVGPW RCT DQWVQP RTGUUKQP ■ RNCVGCW EQWXGTENG GV RNCVGCW ¼ QWVKNU GP %QP 2GCTN ■ RQKFU VTCPURQTVCDNG OCZ FG MI ■ ■

&KOGPUKQP *CWVGWT GZVÅTKGWT KPVÅTKGWT OO

&KOGPUKQP 2TQHQPFGWT GZVÅTKGWT KPVÅTKGWT OO

I

%QP 2GCTN GUV WPG OCTSWG FÅRQUÅG FG 2#4#6 9'4- 5EJÒPGPDCEJ )OD* %Q -)

/#..'66'5 176+.5

/CNNGVVG ¼ QWVKNU $+) 6YKP XKFG

.'

XGTUKQP GP #$5 TÅUKUVCPV PQKT ECFTG GP CNWOKPKWO UWT VQWV NG RQWTVQWT CXGE CPPGCWZ GP & RQWT CEETQEJGT WPG DCPFQWNKÄTG GV RCPPGCW EGPVTCN HKZG TQDWUVG RQWXCPV ÆVTG TGORNK FGU FGWZ EÐVÅU FQVÅ FG PQODTGWUGU RQUUKDKNKVÅU FG TCPIGOGPV IT¾EG ¼ FGU RCUUCPVU ÅNCUVKSWGU GV RGVKVGU RQEJGU ■ RQKIPÅG GTIQPQOKSWG EQPHQTVCDNG GV HKZCVKQP RQWT EJCTKQV RQTVG XCNKUG KPVÅITÅ FCPU NG HQPF FKURQPKDNG GP QRVKQP UQWU TÅH 6 ■ EJCTPKÄTGU OÅVCNNKSWGU ■ RQKFU VTCPURQTVCDNG OCZ FG MI ■ RGWV ÆVTG QWXGTV F WP UGWN QW FGU FGWZ EÐVÅU HQPF GV EQWXGTENG U QWXTGPV KPFÅRGPFCOOGPV N WP FG N CWVTG ■ UVCDNG FCPU VQWVGU NGU RQUKVKQPU F QWXGTVWTG IT¾EG CWZ RQTVG EQWXGTENGU ¼ EJCTPKÄTG TGRQUCPV ¼ GV ■ UGTTWTG ¼ EQODKPCKUQP EJKHHTGU GV UGTTWTGU ¼ DCUEWNG RQWT NC HKZCVKQP FW EQWXGTENG ■ RQTVG FQEWOGPVU GV RNCVGCW QWVKNU COQXKDNGU TCPIGOGPV FGU QWVKNU UWT WP EÐVÅ CXGE RQEJGU ¼ QWVKNU ■ UGTTWTGU ¼ DCUEWNG RQWT NC HKZCVKQP FW HQPF FG NC OCNNGVVG ■ EQSWG FG HQPF JCWVGWT OO UWDFKXKUKDNG RCT KPVGTECNCKTGU PQP TKIKFGU GV RNCVGCW EQWXGTENG CXGE ITCPFGU RQEJGU ¼ QWVKNU HKZCVKQP RCT DQWVQP RTGUUKQP ■ FKOGPUKQPU GZVÅTKGWT . Z * Z 2 Z Z OO FKOGPUKQPU KPVÅTKGWT . Z * Z 2 Z Z OO ■ ■

.'

6

EJCTKQV RQTVG XCNKUG VÅNGUEQRKSWG RQWT NG VTCPURQTV F WPG OCNNGVVG UWT TQWNGVVGU ■ WVKNKUCDNG RQWT NGU OQFÄNGU .' OCNNGVVG ¼ QWVKNU $+) 6YKP OCNNGVVG WPKXGTUGNNG ■ RQKIPÅG TÅINCDNG GP JCWVGWT CXGE XGTTQWKNNCIG ■ OÅECPKUOG FG HKZCVKQP ¼ NC OCNNGVVG OQPVCIG GV FÅOQPVCIG TCRKFG ■ CXGE FGWZ TQWNGVVGU UQWRNGU ■ FKOGPUKQPU Z Z OO FÅRNKÅ ■

6

4ÅH .'

'#0

6

&KOGPUKQP .CTIGWT GZVÅTKGWT KPVÅTKGWT OO

&KOGPUKQP *CWVGWT GZVÅTKGWT KPVÅTKGWT OO

%JCTKQV RQTVG XCNKUG RQWT NG VTCPURQTV FnWPG OCNNGVVG UWT TQWNGVVGU

&KOGPUKQP 2TQHQPFGWT GZVÅTKGWT KPVÅTKGWT OO

I

/#..'66'5 176+.5

/CNNGVVG ¼ QWVKNU $+) 6YKP /QXG CXGE TQWNGVVGU KPVÅITÅGU GV EJCTKQV RQTVG XCNKUG VÅNGUEQRKSWG XKFG

XGTUKQP GP #$5 TÅUKUVCPV PQKT ECFTG GP CNWOKPKWO UWT VQWV NG RQWTVQWT GV RCPPGCW EGPVTCN HKZG TQDWUVG RQWXCPV ÆVTG TGORNK FGU FGWZ EÐVÅU FQVÅ FG PQODTGWUGU RQUUKDKNKVÅU FG TCPIGOGPV IT¾EG ¼ FGU RCUUCPVU ÅNCUVKSWGU GV RGVKVGU RQEJGU ■ RQKIPÅG GZVTCEVKDNG KPVÅITÅG FCPU NG HQPF CKPUK SWG FGWZ TQWNGVVGU 5MCVGT RNCEÅGU ¼ NnGZVÅTKGWT GV UQWRNGU ■ RQKFU VTCPURQTVCDNG OCZ FG MI ■ RGWV ÆVTG QWXGTV FnWP UGWN QW FGU FGWZ EÐVÅU GP HQTOG FG 8 HQPF GV EQWXGTENG UnQWXTCPV KPFÅRGPFCOOGPV NnWP FG NnCWVTG RCTVKGNNGOGPV QW KPVÅITCNGOGPV UVCDNG FCPU VQWVGU NGU RQUKVKQPU FnQWXGTVWTG RCVKPU URÅEKCWZ OÅPCIGCPV NG UQN GV CUUWTCPV WPG DQPPG UVCDKNKVÅ ■ RGWV ÆVTG XGTTQWKNNÅ ■ RQTVG FQEWOGPVU GV RNCVGCW ¼ QWVKNU COQXKDNGU CXGE RQEJGU ¼ QWVKNU ■ EQSWG FG HQPF JCWVGWT OO UWDFKXKUKDNG CW EJQKZ ¼ NnCKFG FnKPVGTECNCKTGU RNCVGCW EQWXGTENG CXGE RQEJGU ¼ QWVKNU ■ ■

.'

4ÅH .'

'#0

&KOGPUKQP .CTIGWT GZVÅTKGWT KPVÅTKGWT OO

&KOGPUKQP *CWVGWT GZVÅTKGWT KPVÅTKGWT OO

&KOGPUKQP 2TQHQPFGWT GZVÅTKGWT KPVÅTKGWT OO

I

/#..'66'5 176+.5

2QEJGVVG ¼ QWVKNU XKFG

2QEJGVVG ¼ QWVKNU EQORCEVG RQWT NG VGEJPKEKGP CRTÄU XGPVG Ŷ UG TCPIG FCPU NC $KI 6YKP

-0+2': .' .' GV FCPU VQWVG CWVTG XCNKUG ¼ QWVKNU WUWGNNG Ŷ CXGE RQEJGVVGU ¼ QWVKNU GV RCUUCPVU ¼ QWVKN Ŷ NCPKÄTG CW FQU RQWT HKZCVKQP ¼ WPG XCNKUG VTQNNG[

.'

'#0 4ÅH .'

/CNNGVVG ¼ QWVKNU 4QDWUVG XKFG

&KOGPUKQP *CWVGWT OO

&KOGPUKQP .CTIGWT OO

&KOGPUKQP 2TQHQPFGWT OO

I

/CNNGVVG GP RQN[RTQR[NÄPG CPVKEJQE EQPFKVKQPPÅG RQWT RTGPFTG N CXKQP Ŷ ÅVCPEJG ¼ NC RQWUUKÄTG ¼ NoCKT GV ¼ NoGCW Ŷ ENCRGV CWVQOCVKSWG FG EQORGPUCVKQP FG RTGUUKQP Ŷ UVCDNG GP VGORÅTCVWTG FG % ¼ % Ŷ FKURQUKVKH RQWT CVVCEJGT WP ECFGPCU Ŷ EQORCTVKOGPV RQWT FQEWOGPVU VCDNGCWZ ¼ QWVKNU ¼ RQEJGVVGU Ŷ KPVGTECNCKTGU GP CNWOKPKWO RQWT UWDFKXKUKQP RGTUQPPCNKUÅG FG NC

EQSWG FG HQPF Ŷ R QKFU VTCPURQTVCDNG OCZ FG MI

.'

(GTOGVWTGU ¼ FGWZ ÅVCIGU HCEKNGU ¼ QWXTKT s OÆOG FoWPG UGWNG OCKP

4ÅH .'

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&KOGPUKQP .CTIGWT GZVÅTKGWT KPVÅTKGWT OO

&KOGPUKQP *CWVGWT GZVÅTKGWT KPVÅTKGWT OO

%NCRGV CWVQOCVKSWG FG EQORGPUCVKQP FG RTGUUKQP NCKUUCPV RCUUGT NoCKT VCPFKU SWoKN TGVKGPV NoGCW

&KOGPUKQP 2TQHQPFGWT GZVÅTKGWT KPVÅTKGWT OO

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+0&': #EEW RQWT G%TKOR #NNKICVQT #NNKICVQT :. #UUQTVKOGPVU FnQWVKNU #UUQTVKOGPVU FG UGTVKUUCIG $KI6YKP $KI6YKP /QXG $TWEGNNGU $TWEGNNGU ¼ FÅECRGT NG XGTPKU $TWEGNNGU FG RTÅEKUKQP $TWEGNNGU GP RNCUVKSWG %KUGCWZ ¼ FÅPWFGT RQWT NoÅNGEVTQPKSWG %KUGCWZ FoÅNGEVTKEKGP %KUGCWZ RQWT ƂDTGU GP -'8.#4 %KUGCWZ RQWT VWDGU ƃGZKDNGU GV ICKPGU FG RTQVGEVKQP %KUGCWZ WPKXGTUGNNGU %NÅ ¼ ENKSWGV TÅXGTUKDNG KUQNÅG %NÅ ¼ OQNGVVG KUQNÅG %NÅ CLWUVCDNG %NÅ WPKXGTUGNNG %NÅU ¼ ENKSWGV TÅXGTUKDNGU KUQNÅGU %NÅU ¼ HQWTEJG KUQNÅG %NÅU F[PCOQOÅVTKSWGU KUQNÅGU %NÅU RQN[IQPCNGU KUQNÅGU %NÅU RQWT CTOQKTGU FG EQOOCPFG HQTOG UV[NQ %NÅU UGTTG VWDGU %NÅU UGTTG VWDGU GP 5 %NÅU WPKXGTUGNNGU RQWT CTOQKTGU FG EQOOCPFG %Q$QNV %QDTC %QDTC '5 %QDTC 3WKEM5GV %QDTC :. ::. %QWRG DQWNQPU %QWRG DQWNQPU EQORCEV %QWRG E¾DNGU %QWRG E¾DNGU RTKPEKRG FW ENKSWGV %QWRG E¾DNGU ¼ FQWDNG VTCPEJCPVU %QWRG E¾DNGU CEKGT %QWRG E¾DNGU $QYFGP %QWRG E¾DNGU ENKSWGV %QWRG E¾DNGU RQWT E¾DNGU RNCVU %QWRG ƂNU EGPVTCN ¼ HQTVG FÅOWNVKRNKECVKQP %QWRG ƂNU EGPVTCN ¼ HQTVG FÅOWNVKRNKECVKQP %QWRG VTGKNNKU %QWRG VWDGU RQWT VWDGU GP RNCUVKSWG %QWRG VWDGU RQWT VWDGU ƃGZKDNGU GV ICKPGU FG RTQVGEVKQP %QWRG VWDGU RQWT VWDGU /WNVKEQWEJG GV VWDGU GP RNCUVKSWG %QWRG VWDGU RQWT VWDGU 2'4 GV /WNVKEQWEJG GV ICKPGU FG RTQVGEVKQP %QWVGCWZ FoÅNGEVTKEKGP RQWT E¾DNGU KUQNÅU &QWKNNGU ¼ UKZ RCPU KUQNÅGU G%TKOR 'NGEVTQPKE 5WRGT -PKRU '5& )TKIPQVGWUG RQWT VÐNG +PUGTVU FG UGTVKUUCIG ,GW FG ENÅU FG OQPVCIG RQWT EQPPGEVGWTU UQNCKTGU /%

,GWZ FG RKPEGU FG RTÅEKUKQP RQWT EKTENKRU ,GWZ FG RKPEGU RQWT EKTENKRU ,GWZ FG RKPEGU RQWT EKTENKRU UWT RNCVGCWZ GP OQWUUG ,GWZ FG RKPEGU RQWT NnÅNGEVTQPKSWG ,GWZ FG RKPEGU UWT RNCVGCWZ GP OQWUUG .CORG .'& OCIPÅVKSWG /CNNGVVG ¼ QWVKNU RQWT NG RJQVQXQNVCËSWG /CNNGVVGU ¼ QWVKNU /WNVK%TKOR /WNVK5VTKR 1WVKN ¼ FÅICKPGT RQWT E¾DNGU FG FQPPÅGN 1WVKN ¼ FÅICKPGT RQWT E¾DNGU RNCVU GV TQPFU 1WVKN ¼ FÅICKPGT WPKXGTUGN R E¾DNGU RQWT D¾VKOGPVU GV RQWT NoKPFWUVTKG 1WVKN ¼ FÅPWFGT RQWT E¾DNGU ¼ ƂDTGU QRVKSWGU 1WVKN ¼ FÅPWFGT RQWT E¾DNGU EQCZKCWZ 1WVKN ¼ FÅPWFGT RGVKV OQFÄNG 1WVKN FG EQORTGUUKQP RQWT EQPPGEVGWTU EQCZKCWZ 1WVKN FG OQPVCIG 1WVKN FG OQPVCIG RQWT EQPPGEVGWTU /% 1WVKN RQWT EKTENKRU 1WVKNU ¼ FÅICKPGT 1WVKNU ¼ FÅICKPGT WPKXGTUGNU 1WVKNU KUQNÅU 1WVKNU KUQNÅU 8&' 1WVKNU UQNCKTGU 2KPEG RQWT RQVKGT 2KPEG ¼ DGEU RNCVU CXGE VTCPEJCPV 2KPEG ¼ EQNNKGTU 2KPEG ¼ EQNNKGTU CWVQUGTTCPVU 2KPEG ¼ EQNNKGTU CWVQUGTTCPVU ¼ ETCP FoCTTÆV 2KPEG ¼ FÅPWFGT CWVQOCVKSWG RQWT E¾DNGU RNCVU 2KPEG ¼ FÅPWFGT RQWT E¾DNGU ¼ ƂDTGU QRVKSWGU 2KPEG ¼ FÅPWFGT RQWT NoÅNGEVTQPKSWG 2KPEG ¼ ITKIPQVGT NG ECTTGNCIG 2KPEG ¼ UGTVKT RQWT EQPPGEVGWTU 5EQVEJNQM 2KPEG ¼ UGTVKT RQWT OKETQ EQPPGEVGWTU 2KPEG DGE FG RGTTQSWGV 2KPEG EQWRCPVG FG EÐVÅ RQWT E¾DNGU ¼ ƂDTGU QRVKSWGU 2KPEG EQWRCPVG QDNKSWG RQWT NoÅNGEVTQPKSWG 2KPEG FG RTÅJGPUKQP GP RNCUVKSWG 2KPEG FG XKVTKGT 2KPEG FGOK TQPFG CXGE EQWRG ƂNU EGPVTCN RKPEG RQWT VÅNÅRJQPG 2KPEG FGOK TQPFG GP RNCUVKSWG 2KPEG GORQTVG RKÄEGU TGXQNXGT 2KPEG R EQWRGU QDNKSWGU RQWT RTQƂNÅU GP RNCUVKSWG GV GP ECQWVEJQWE 2KPEG RQWT EQWXTGWT 2KPEG RQWT NCORGU JCNQIÄPGU 2KPEG RQWT OÅECPKEKGP FG RTÅEKUKQP 2KPEG RQWT VÅNÅRJQPG 2KPEG ENÅ :. 2KPEG ENÅ KUQNÅG 2KPEG ÅVCWZ ¼ UGTVKT 2KPEGU UCPKVCKTG 2KPEGU UCPKVCKTG RQWT UKRJQPU 2KPEGU UCPKVCKTG RQWT VWDGU GP RNCUVKSWG GV EQPPGEVGWTU 2KPEGU ¼ DGEU FGOK TQPFU CXGE VTCPEJCPV

+0&': 2KPEGU ¼ DGEU NQPIU 2KPEGU ¼ DGEU RNCVU 2KPEGU ¼ DGEU TQPFU 2KPEGU ¼ DGEU TQPFU CXGE VTCPEJCPV 2KPEGU ¼ EÐPGU RQWT XÅJKEWNGU 2KPEGU ¼ FÅPWFGT 2KPEGU ¼ FÅPWFGT CWVQ CLWUVCDNGU 2KPEGU ¼ FÅPWFGT CXGE EQWVGCWZ FG HQTOG 2KPEGU ¼ FÅPWFGT EQWRCPVGU FG EÐVÅ 2KPEGU ¼ FÅPWFGT FG RTÅEKUKQP 2KPEGU ¼ FGPWFGT RQWT NG RJQVQXQNVCËSWG 2KPEGU ¼ FÅPWFGT CWVQOCVKSWGU 2KPEGU ¼ ITWIGT NG XGTTG 2KPEGU ¼ UGTVKT 2KPEGU ¼ UGTVKT ¼ SWCVTG RQKPVU RQWT EQPVCEVU VQWTPÅU 2KPEGU ¼ UGTVKT CWVQ CLWUVCDNGU 2KPEGU ¼ UGTVKT ÅICNGOGPV RQWT RTKUG ¼ FGWZ OCKPU 2KPEGU ¼ UGTVKT HQTOG EQWTVG 2KPEGU ¼ UGTVKT NGU RTQƂNÅU 2KPEGU ¼ UGTVKT RQWT GODQWVU FG E¾DNGU 2KPEGU ¼ UGTVKT RQWT ƂEJGU 9GUVGTP 2KPEGU ¼ UGTVKT RQWT NG RJQVQXQNVCËSWG 2KPEGU ¼ UGTVKT WPKXGTUGNNGU 2KPEGU ¼ VTGUUGT 2KPEGU DGE FG EKIQIPG 2KPEGU EQWRCPVGU FG EÐVÅ 2KPEGU EQWRCPVGU FG EÐVÅ ¼ HQTVG FÅOWNVKRNKECVKQP 2KPEGU EQWRCPVGU FG EÐVÅ EQORCEVGU 2KPEGU EQWRCPVGU FG EÐVÅ FG RTÅEKUKQP RQWT NoÅNGEVTQPKSWG '5& 2KPEGU EQWRCPVGU FG EÐVÅ RQWT ÅNGEVTQOÅECPKEKGP 2KPEGU EQWRCPVGU FG EÐVÅ RQWT NoÅNGEVTQPKSWG '5& 2KPEGU EQWRCPVGU FG EÐVÅ RQWT RNCUVKSWG 2KPEGU EQWRCPVGU FG FGXCPV 2KPEGU EQWRCPVGU FG FGXCPV ¼ HQTVG FÅOWNVKRNKECVKQP 2KPEGU EQWRCPVGU FG FGXCPV RQWT NoÅNGEVTQPKSWG '5& 2KPEGU EQWRCPVGU FG FGXCPV RQWT OÅECPKEKGPU 2KPEGU FoCLWUVCIG 2KPEGU FoQTHÄXTG 2KPEGU FG OÅECPKEKGP 2KPEGU FG OQPVCIG 2KPEGU FG OQPVCIG RQWT NoÅNGEVTQPKSWG 2KPEGU FG RTÅEKUKQP RQWT EKTENKRU GZVÅTKGWTU FoCTDTG 2KPEGU FG RTÅEKUKQP RQWT EKTENKRU RQWT EKTENKRU KPVÅTKGWTU FoCNÅUCIG 2KPEGU FG RTÅJGPUKQP 2KPEGU FG RTÅJGPUKQP FG RTÅEKUKQP RQWT NoÅNGEVTQPKSWG '5& 2KPEGU FG RTÅJGPUKQP RQWT NoÅNGEVTQPKSWG '5& 2KPEGU FG RTÅJGPUKQP RQWT NC OÅECPKSWG FG RTÅEKUKQP 2KPEGU FG VKUUGTCPF 2KPEGU GORQTVG RKÄEGU 2KPEGU OWNVK HQPEVKQPU 2KPEGU OWNVKRTKUG 2KPEGU OWNVKRTKUG ¼ ETÅOCKNNÄTG 2KPEGU RQKPVWGU 2KPEGU RQWT EKTENKRU GZVÅTKGWTU FoCTDTG 2KPEGU RQWT EKTENKRU KPVÅTKGWTU FoCNÅUCIG 2KPEGU RQWT EKTENKRU RQWT EQNNKGTU FoÅVTCPINGOGPV FoCTDTG

2KPEGU RQWT EKTENKRU RQWT ITCPFU EKTENKRU GZVÅTKGWTU 2KPEGU RQWT EKTENKRU RQWT ITCPFU EKTENKRU KPVÅTKGWTU 2KPEGU RQWT KPUVCNNCVKQPU ÅNGEVTKSWGU 2KPEGU RQWT NnÅNGEVTQPKSWG 2KPEGU RQWT NG RJQVQXQNVCËSWG 2KPEGU RQWT RNCUVKSWGU 2KPEGU TCFKQ 2KPEGU URÅEKCNGU FG OQPVCIG RQWT TQPFGNNGU TGUUQTV FoCTDTG 2KPEGU WNVTCƂPGU 2KPEGU WPKXGTUGNNGU 2KPEGU WPKXGTUGNNGU ¼ HQTVG FÅOWNVKRNKECVKQP 2KPEGU WPKXGTUGNNGU RQWT E¾DNGU OQFÄNG COÅTKECKP 2KPEGU ENÅ 2KPEGU ÅVCWZ 2KPEGU ÅVCWZ ¼ UQWFGT 2KPEGU ÅVCWZ WPKXGTUGNNGU 2QEJGVVG RQWT EGKPVWTG 2QKIPÅGU VTCPUXGTUCNGU GP 6 2QUKVKQPPGWTU RQWT RKPEGU ¼ UGTVKT 2TGEK(QTEG 2TQƂ -G[ 2TQƂNU FG UGTVKUUCIG 4CEEQTFU FG E¾DNG 4CNNQPIGU KUQNÅGU 5EKG 27- 5GV #NNKICVQT 5GVU FnQWVKNNCIG 5OCTV)TKR 5WRGT -PKRU 6GPCKNNG OCTVGCW 6GPCKNNGU 6GPCKNNGU TWUUGU 6GPCKNNGU TWUUGU ¼ HQTVG FÅOWNVKRNKECVKQP 6GPCKNNGU TWUUGU ¼ HQTVG FÅOWNVKRNKECVKQP 6QWTPGXKU KUQNÅU 6TKEQKUGU 6TKEQKUGU RQWT ECTTQUUGTKG 6YKP(QTEG 6YKP-G[ : %WV

.C TGRTQFWEVKQP FG EG ECVCNQIWG QW FnWPG RCTVKG FG EG ECVCNQIWG UQWU SWGNSWG HQTOG SWG EG UQKV GUV KPVGTFKVG UCPU PQVTG CWVQTKUC VKQP 5QWU TÅUGTXG FG VQWVG OQFKƂECVKQP FGU OQFÄNGU GV VGEJPKSWGU (KIWTGU FKOGPUKQPU GV RQKFU CRRTQZKOCVKHU 5QWU TÅUGTXG FG VQWVG GTTGWT FnKORTGUUKQP GV GTTGWT GP IÅPÅTCN +ORTKOÅ GP #NNGOCIPG -0+2': 9GTM % )WUVCX 2WVUEJ -)

.' $ # $# &'5 2+0%'5

(14/'5 &' $#5' &'5 $'%5 DGEU RNCVU

DGEU FGOK TQPFU

DGEU TQPFU

#55'/$.#)'5 &' %*#40+¤4'

2KPEGU EQWRCPVGU RQWT UGEVKQPPGT QW EQWRGT RCT RKPEG OGPV RKPEGU EQWRCPVGU FG FGXCPV FG EÐVÅ ¼ EQWRG EGPVTCNG VGPCKNNGU GVE

2KPEGU FG RTÅJGPUKQP

RKPEGU RNCVGU ¼ DGEU NQPIU OWNVKRTKUG GVE

2KPEGU EQODKPÅGU RQWT UGEVKQPPGT GV UCKUKT RKPEGU OWNVK RTKUGU DGE FG EKIQIPG GV TCFKQ GVE

2KPEGU URÅEKCNGU RQWT CRRNKECVKQPU URÅEKCNGU RCT GZ RQWT FÅEQWRGT QW OCVTKEGT FKHHÅTGPVU OCVÅTKCWZ EKUGCWZ ITKIPQVGWTU RKPEG ¼ ITKIPQVGT NG ECTTGNCIG GVE

#ZG FG EJCTPKÄTG HQTIÅ .G TKXGV HCKV RCTVKG KPVÅITCPVG FG NC RQKIPÅG HQTIÅ FnWPG UGWNG RKÄEG ■ ITCPFG UVCDKNKVÅ RQWT UQNNKEKVCVKQPU GZVTÆOGU ■ ITCPFG NQPIÅXKVÅ 4KXGV KPUÅTÅ 7P CUUGODNCIG TKXGVÅ ÅRTQWXÅ TQDWUVG GV RTÅEKU RQWT VQWVGU NGU RKPEGU UVCPFCTF %JCTPKÄTG XKUUÅG 2QWT FGU GZKIGPEGU GP OCVKÄTG FG RTÅEKUKQP GV FG UQWRNGUUG RCTVKEWNK ÄTGOGPV UVTKEVGU RCT GZ CXGE NGU RKPEGU RQWT EKTENKRU GV NGU EQWRG E¾DNGU OÆOG NGU ƂNU NGU RNWU ƂPU FQKXGPV ÆVTG EQWRÅU PGV

6;2'5 &' %*#40+¤4'

2QKPVG 5WTHCEG FG RTÅJGPUKQP

%JCTPKÄTG UWRGTRQUÅG .GU FGWZ RCTVKGU FG NC RKPEG TGRQUGPV UCPU ƂPKVKQP NnWPG UWT NnCWVTG

<QPG UGTTG VWDG ÅXKFGOGPV $GEU

%JCTPKÄTG GPECUVTÅG %JCSWG RQKIPÅG GUV WUKPÅG UWT WPG OQKVKÅ FCPU NC \QPG FG NC EJCTPKÄTG CƂP FG RQWXQKT GPVTGRCUUGT NGU FGWZ RQKIPÅGU NnWPG FCPU NnCWVTG

%JCTPKÄTG GPVTGRCUUÅG 7PG FGU FGWZ RQKIPÅGU GUV ÅXKFÅG .nCWVTG RQKIPÅG RCUUG RCT EGV ÅXKFG OGPV %G V[RG FG EJCTPKÄTG GUV VTÄU TÅUKUVCPV ECT NnCZG FnCTVKEWNCVKQP GUV OQPVÅ FGU FGWZ EÐVÅU GV NC RQKIPÅG KPVÅTKGWTG FKURQUG FnWP IWKFCIG FQWDNG

&QU 6TCPEJCPV UWRRNÅOGPVCKTG

0Œ &n#46+%.' %1/215+6+10 &7 0Œ &n#46+%.' /QFÄNG FG DCUG RCT GZ 2KPEG WPKXGTUGNNG

(QTOG RCT GZ FTQKVG

(KPKVKQP RCT GZ VÆVG RQNKG RQKIPÅGU PQKTGU CVTC OGPVKUÅGU

.QPIWGWT RCT GZ OO

6¦6' 21+)0¥'5

2KPEG CVTCOGPVKUÅG PQKTG VÆVG RQNKG

6ÆVG RQNKG RQKIPÅGU ICKPÅGU GP RNCUVKSWG

6ÆVG RQNKG RQKIPÅGU CXGE ICKPGU DK OCVKÄTG

2KPEG EJTQOÃ…G RQKIPÃ…GU ICKPÃ…GU GP RNCUVKSWG

2KPEG EJTQOÃ…G

2KPEG EJTQOÅG RQKIPÅGU CXGE ICKPGU DK OCVKÄTG

2KPEG EJTQOÅG RQKIPÅGU KUQNÅGU CXGE ICKPGU DK OCVKÄTG EGTVKƂÅGU 8&'

/CTSWGU FÅRQUÅGU FGU GPVTGRTKUGU %QP 2GCTNŠ 2 #4#6 9'4- 5EJÒPGPDCEJ )OD* %Q -) IGUKUŠ

9KGNCPF 'NGEVTKE )OD*

-CRVQPŠ -'8.#4Š

' + FW 2QPV FG 0GOQWTU CPF %QORCP[

Š

4CFQZ

*7$'4 57*0'4 #)

Š

2JKNNKRU Š

2Q\KFTKX Š

U[UVCKPGT /%

Š

5QNCTNQM

2JKNNKRU 5ETGY %QORCP[ 'WTQRGCP +PFWUVTKCN 5GTXKEG .VF 6#015 )OD* /WNVK %QPVCEV #)

Š

6[EQ 'NGEVTQPKEU

&+0 '0 +'%

2KPEG EJTQOÃ…G RQKIPÃ…GU KUQNÃ…GU RCT UWTOQWNCIG EGTVKÆ‚Ã…GU 8&' &+0 '0 +'%

64#0%*#065 .'5 24+0%+2#.'5 6'%*0+37'5 (14/'5 &'5 64#0%*#065

&+4'%6+10 '6 215+6+10 &'5 64#0%*#065

5'.10 &+0 +51

CXGE DKUGCW

HCEG GZVÅTKGWTG

2KPEG EQWRCPVG FG FGXCPV

CXGE RGVKV DKUGCW

HCEG GZVÅTKGWTG

2KPEG EQWRCPVG QDNKSWG

CXGE DKUGCW VTÄU RGVKV

HCEG GZVÅTKGWTG 2KPEG EQWRCPVG FG EÐVÅ UCPU DKUGCW

HCEG GZVÅTKGWTG

2KPEG EQWRCPVG EGPVTCNG EQWRG ¼ TCU

%QPUGKNU RQWT NnGPVTGVKGP

%QPUKIPG FG UÅEWTKVÅ 7VKNKUGT NGU QWVKNU WPKSWGOGPV RQWT NnWVKNKUCVKQP ¼ NCSWGNNG KNU UQPV FGUVKPÅU 2QWT NGU RKPEGU EQWRCPVGU CVVGPVKQP CWZ GZVTÅOKVÅU FG HKN ÅLGEVÅGU 2QTVGT FGU NWPGVVGU FG RTQVGEVKQP GV ÅXGPVWGNNGOGPV FGU ICPVU 5Q[G\ CVVGPVKH ¼ XQVTG GPVQWTCIG .G ICKPCIG KUQNG WPKSWGOGPV UnKN RQTVG NG U[ODQNG

7PG IQWVVG FnJWKNG UWT NGU UWTHCEGU RQNKGU GV FCPU NC EJCTPKÄTG OCKPVKGPV NC ECRCEKVÅ FnWVKNKUCVKQP GV RTQNQPIG NC FWTÅG FG XKG FG XQVTG RKPEG

%#6¥)14+'5 &' (+. 'ZGORNGU FG OCVÅTKCWZ

6[RG FG HKN

%WKXTG RNCUVKSWG

4ÅUKUVCPEG ¼ NC VTCEVKQP 0 OO

MR OO

FQWZ

%NQW RQKPVG

OK FWT

(KN FG E¾DNG OÅVCNNKSWG HKN FnCEKGT

FWT

(KN GP CEKGT ¼ TGUUQTV

EQTFG ¼ RKCPQ

8#.'745 &' %172' 4ÅH

2CIG

.QPIWGWT

Ô OO

Ô OO

Ô OO

Ô OO

.GU XCNGWTU OCZKOCNGU KPFKSWÅGU EQPEGTPGPV VQWLQWTU FGU EQPFKVKQPU FG EQWRG HCXQTCDNGU FCPU NGUSWGNNGU NG ƂN GUV RNCEÅ NG RNWU RTÄU RQUUKDNG FG NC EJCTPKÄTG

4ÅH

2CIG .QPIWGWT

Ô OO

Ô OO

Ô OO

Ô OO

5;/$1.'5 DGEU RNCVU

CXGE UGTTG ƂNU

FÅTKXCPV NnÅNGEVTKEKVÅ UVCVKSWG s FKUUKRCVKXG

DGEU FGOK TQPFU

ÅSWGTTG

ÅNGEVTQPKSWG

DGEU TQPFU DGEU RNCVU GV ÅVTQKVU EJCTPKÄTG GPVTGRCUUÅG

EQWRG ƂNU EGPVTCN

EJCTPKÄTG XKUUÅG

VTCPEJCPV CXGE DKUGCW

KPVÅTKGWT FGU O¾EJQKTGU NKUUG

VTCPEJCPV CXGE RGVKV DKUGCW

KPVÅTKGWT FGU O¾EJQKTGU UVTKÅ

VTCPEJCPV CXGE VTÄU RGVKV DKUGCW

KPVÅTKGWT FGU O¾EJQKTGU UVTKÅ GP ETQKZ

VTCPEJCPV UCPU DKUGCW

CXGE TGUUQTV FnQWXGTVWTG

EQWRG ¼ TCU FGU OCVGTKCWZ FQWZ

EGTVKƂÅ 8&' ÅICNGOGPV UGNQP )25) KUQNÅ UGNQP %'+ WVKNKUCDNG LWUSWo¼ 8 %# 8 %% KUQNÅ UGNQP &+0 8&' WVKNKUCDNG LWUSWo¼ 8 %# 8 %% GP EQPHQTOKVÅ CXGE WPG FKTGEVKXG GWTQRÅGPPG EQPVTÐNG OÅECPKSWG UGNQP NC NQK FG UWT NC UÅEWTKVÅ FGU CRRCTGKNU GV FGU RTQFWKVU OCTSWCIG 9''' FÅEJGVU FnÅSWKRGOGPVU ÅNGE VTKSWGU GV ÅNGEVTQPKSWGU

RQKFU NQPIWGWT ƂN FQWZ ƂN OK FWT ƂN FWT EQTFG ¼ RKCPQ E¾DNG GP %W GV GP #N ¼ RNWUKGWTU EQPFWEVGWTU WPKƂNCKTG GV OWNVKƂNCKTG E¾DNG OÅVCNNKSWG HGT E¾DNG RNCV E¾DNG ¼ DNKPFCIG CEKGT

-0+2': 9GTM % )WUVCX 2WVUEJ -) 1DGTMCORGT 5VTC»G 9WRRGTVCN #NNGOCIPG 6GN (CZ KPHQ"MPKRGZ FG “ YYY MPKRGZ FG

-0+2': s &GU 2KPEGU RCUUKQPPÃ…OGPV

. 2&( (4

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