

%A>6A0<0B H]5D=28>=4B
BFH?G8 ?4 ?<FG8 454=B C4E4 ?4F 78F6E<C6<BA8F 78? CEB:E4@4 DH8 8@C4E8=4A ?BF AB@5E8F 78? CEB:E4@4 L 5BGBA8F 78 BC6<iA
8A6BAGE47BF 8A FH C4A8? 78 4E4A78?4 $BF CEB:E4@4F L ?4F 9HA6<BA8F 7<FCBA<5?8F I4Ef4A CBE 8? @B78?B $4 :4@4 78 CEB:E4@4F
<A6?HL8 ?BF CEB:E4@4F E`C<7BF 78? ?4I47B C4E4 ?8I8@8AG8 EBC4 FH6<4 78 FB<?87 L CEB:E4@4F C8F47B 7<F8h4EBA C4E4 @H6;B EBC4
FH6<4 78 FB<?87 ?:B7iA(8E@4A8AG8 (E8AF4 4?<8AG8 #!+* 8? @CH=B 7B ,8@CBE8EB ?<=4 8? 5BGiA C8F47B 78 ?4 BC6<iA
C4E4 4H@8AG4E ?4 ?BA:<GH7 78? 6<6?B C4E4 4LH74E 4 DH<G4E ?4F @4A6;4F FHE4F 4H@8AG4E 8? 78F8@C8hB ?<@C<B
$## !!" !-/=4):7<<76 '>?0 2><[=  ;6>3Z= !5C >?=2B5C 45< @B?7B1=1 C?> C9DE14?C 5> 5< PB51 45 5C65B1 45
C5<53D?B 45 @B?7B1=1
74,AX> %B5>41C >? =EI CE391C AE5 45CD9X5> '?@1 B?2ECD1 I 45 DB121:? 3?>65339?>141C 45 1<7?4Y> ? <9>? 3?<?B5C AE5
45CD9X5> ? C5 45CF1>535>
&):5 )818> '?@1 >?B=1< AE5 45CD9X5 >? =EI CE391 '?@1 B?2ECD1 I 45 DB121:? 3?>65339?>141C 45 1<7?4Y> 3?= F1AE5B?C
38?=21C I 31=9C1C
7< )41-6<- '?@1 45 3?<?B5C 69B=5C 3?> 7B14? 45 CE395414 B57E<1B ? 5<5F141 %B5>41C B?2ECD1C 45 DB121:? 3?>65339?>141C 45
1<7?4Y> ? <9>? 3?=? B?@1 45 DB121:? I B?@1 9>D5B9?B
#-58 77;< )4<?4A0CDA0
0D<4=C030
$BF 4=HFG8F C4E4 ?4 EBC4 6B@lA Bo78 4?:B7iA F8 8AG<8A78A C4E4 EBC4 @HL FH6<4 LB @4A6;474 78o6B?BE8F
9<E@8F EBC4 78 GE454=B 78 4?:B7iA B ?<AB 6B@B GB4??4F F`54A4F B FBDH8G8F 5?4A6BF
$## !!" -:5)6-6< 8:-;; !5C >?=2B5C 45< @B?7B1=1 C?> C9DE14?C 5> 5< PB51 45 5C65B1 45 C5<53D?B 45 @B?7B1=1
74, AX> %B5>41C 3?>C9CD5>D5C 5> 1<7?4Y> AE5 45CD9X5> 3?> 7B14? 45 CE395414 =549? ? <5F5 5CD1=@14?C 45 <9>? 45 692B1 C9>DTD931 ? =5J3<1
I 45 F5CD9B %B5>41C AE5 B5AE95B5> 45 E>1 C53E5>391 45 F?<D5? I E>1 F5<?39414 45 35>DB96E714? 5C@5391<5C @1B1 =9>9=9J1B 5< 1BBE714?
&):5 )818> %B5>41C 3?>C9CD5>D5C 5> 1<7?4Y> AE5 45CD9X5> 3?> 7B14? 45 CE395414 =549? ? <5F5 5CD1=@14?C 45 <9>? 45 692B1 C9>DTD931 ? =5J3<1
I 45 F5CD9B %B5>41C AE5 B5AE95B5> 45 E>1 C53E5>391 45 F?<D5? I E>1 F5<?39414 45 35>DB96E714? 5C@5391<5C @1B1 =9>9=9J1B 5<]1BBE714?
3?=? 2<EC1C 31=9C1C]I]DB1:5C 45 615>1
7< )41-6<-
%B5>41C 5CD1=@141C AE5 3?>C9CD5> 45 1<7?4Y> 3?> 7B14? 45 CE395414 >?B=1< 45 1<7?4Y> <9>? 692B1 C9>DTD931 ? =5J3<1C ? @B5>41C 45
F5CD9B %B5>41C AE5 B5AE95B5> 45 E>1 C53E5>391 45 F?<D5? 5C@5391< I]E>1 F5<?39414 45 35>DB96E714? 5C@5391< @1B1 =9>9=9J1B 5<
1BBE714?
8<176 =<<76; ):) 4) :78) ;=+1) -;8-+1.1+) 6-+-;1<) (9DE14? 5> 5< PB51 4939?>1< 45 E>39?>5C
 -B54E35 <1 31>D9414 45 5>5B7V1 ED9<9J141 @1B1 5< @B?7B1=1 45 <1F14? C5<5339?>14?
4-)+0 4)69=-),7 C5 17B571 E> 393<? 45 2<1>AE514? 1< @B?7B1=1 C5<5339?>14?
!16;- 4=; +4):),7 ),1+176)4 E> 393<? 45 13<1B14? 14939?>1<
-)>A =<A 4)>,7 87<-6+1),7 9>3B5=5>D1 5< D95=@? 45 <1F14? 5> 31C? 45 31B71C CE=1=5>D5 CE391C
"8-+1)4 :7/:)5; ):) 4) :78) ;=+1) -;8-+L.L+) 6-+-;1<) !5C >?=2B5C 45< @B?7B1=1 C?> C9DE14?C 5> 5< PB51 45 5C65B1 45 C5<53D?B 45
@B?7B1=1
"'t %1B1 D5:94?C 3?> =1>381C =EI CE39?C I 45 9>D5>C? EC? 3?=? @1>D1<?>5C CP21>1C 31=9C5D1C 9>61>D9<5C 5D3
-41+)<-;"143 :-6,); .16);
!?C 1:ECD5C @1B1 @B5>41C 45<93141C C5 5>D95>45> @1B1 CE EC? 3?> @1B1 @B5>41C 69>1C 45 3E9414? 6P39< 45 1<7?4Y> C1DT> @B5>41C 45
692B1 C9>DTD931C ? =5J3<1 3?BD9>1C DB1:5C 61<41C I 2<EC1C %E545> <1F1BC5 3?> 5CD5 @B?7B1=1 @B5>41C F?<E=9>?C1C 3?=? 6B1J141C I1
AE5 DB1D1 1 <1C @B5>41C 3?> =E381 45<93145J1 I 17B571 1ED?=PD931=5>D5 E> 13<1B14? 14939?>1<
#? 5653D[1 E> 35>DB96E714? 5>DB5 <?C 393<?C 45 13<1B14?
)6, &);0 )>),7 ) 5)67
)6, ?);0  &774
&774 )6)
!?C 1:ECD5C @1B1 5< <1F14? 1 =1>? C5 5>D95>45> @1B1 5< <1F14? 45 @B5>41C =EI 45<93141C 45 3E9414? 6P39< AE5 >?B=1<=5>D5 C5 <1F1>
1]=1>? CD?C @B?7B1=1C 6E5B?> 49C5X14?C @1B1 E> DB1D1=95>D? 5HDB5=141=5>D5 45<9314? 45 <1C @B5>41C?> 5CD5 @B?7B1=1 @E545>
<1F1BC5 C9> @B?2<5=1C @B5>41C =1B3141C 3?> 5< CV=2?<? Ì K1>4 G1C8 <1F14? 1 =1>? 5> <1 5D9AE5D1 45]3E9414?C
&774 )6)
%1B1 @B5>41C 45 <1>1 <1F14?]1]=PAE9>1 ? 1 =1>?
''#!(#)'.t
CD1 @B?7B1=1 6E5 45C1BB?<<14? 5C@5391<=5>D5 @1B1 5<9=9>1B <1 =1I?BV1 45 <1C 213D5B91C 5H9CD5>D5C 5> <?C 8?71B5C 41>4? E>
DB1D1=95>D? 45<9314? 1 <?C D5:94?C < 3?=5>J1B <1 61C5 45 <1F14? C5 9>DB?4E35 17E1 31<95>D5 !1C @B5>41C C5 5>3E5>DB1> 9==5BC1C 5>
5< 17E1 31<95>D5 @?B E> D95=@? CE69395>D5 @1B1 AE5 <1C 21D5B91C AE5 C5 5>3E5>DB1> 3?=[>=5>D5 5> <?C 8?71B5C =E5B1> 9> @B?4E39B E>
@5B3E494? 14939?>1< 1 <1C @B5>41C*D9<9J14? @1B1 @B5>41C =EI CE391C I? =1>38141C AE5 B5AE95B5> 45 E>1 45C9>65339Y> D1<5C 3?=?
D?1<<1C B?@1 9>D5B9?B =5491C CP21>1C =1>D5<5C 5D3
75.7:<-: %B?7B1=1 5C@5391<=5>D5 49C5X14? @1B1 @B5>41C 7B1>45CF?<E=9>?C1C (5 EC1 =PC 17E1 @1B1 1C57EB1B AE5 <1C
@B5>41C C5 =?:5> @?B 3?=@<5D? I 5< 35>DB96E714? 5C =PC CE1F5 @1B1 5F9D1B AE5 <1C @B5>41C C5 5CD9B5>
-)6; C@5391<=5>D5 49C5X14? @1B1 5< F1AE5B?C I =18?>5C @5C14?C 5CD5 @B?7B1=1 B54E35 45CD5X9B I 1BBE71B