'/'4510*1/''06'46#+0/'069#44#06;
9GCRRTGEKCVG[QWTRWTEJCUGQHC'/'4510*QOG'PVGTVCKPOGPVRTQFWEV9GVCMGRTKFGKPVJGSWCNKV[QH QWTRTQFWEVUCPFJCXGOCPWHCEVWTGF[QWTPGY*QOG'PVGTVCKPOGPVWPKVVQGZCEVKPISWCNKV[UVCPFCTFU9G HGGNEQPHKFGPVVJCVKPPQTOCNWUGKVYKNNRTQXKFG[QWYKVJUCVKUHCEVQT[RGTHQTOCPEG*QYGXGTUJQWNF[QW
GZRGTKGPEGFKHHKEWNV[[QWCTGRTQVGEVGFWPFGTVJGRTQXKUKQPUQHVJKUYCTTCPV[
'/'4510*QOG'PVGTVCKPOGPVRTQFWEVUCTGYCTTCPVGFCICKPUVOCPWHCEVWTKPIFGHGEVUKPOCVGTKCNUCPF YQTMOCPUJKRKPPQTOCNWUGHQTVJGHQNNQYKPIRGTKQFHTQOVJGFCVGQHRWTEJCUGD[VJGQTKIKPCNWUGTCPFKU
EQPFKVKQPCNWRQPVJGWPKVDGKPIKPUVCNNGFCPFWUGFCUFKTGEVGFKPVJGKPUVTWEVKQPOCPWCN
241&7%62#465#0&.#$174 | ||
#WFKQ2TQFWEVU | [GCT | |
4GOQVG%QPVTQN | FC[U | |
%NQEM4CFKQU | [GCT |
'/'4510 UQDNKICVKQPWPFGTVJKUYCTTCPV[UJCNNDGNKOKVGFVQVJGTGRCKTKPENWFKPICNNPGEGUUCT[RCTVUCPF VJGEQUVQHVJGNCDQWTEQPPGEVGFVJGTGYKVJQTCVQWTQRVKQPVJGGZEJCPIGQHCP[*QOG'PVGTVCKPOGPV
RTQFWEVYJKEJUJQYUGXKFGPEGQHCOCPWHCEVWTKPIFGHGEVYKVJKPVJGYCTTCPV[RGTKQF
4GRNCEGOGPVRCTVUHWTPKUJGFKPEQPPGEVKQPYKVJVJKUYCTTCPV[UJCNNDGYCTTCPVGFHQTCRGTKQFGSWCNVQVJG WPGZRKTGFRQTVKQPQHVJGQTKIKPCNGSWKROGPVYCTTCPV[
%7561/'41$.+)#6+105
6JKUYCTTCPV[CRRNKGUVQVJGRTQFWEVHTQOVJGQTKIKPCNFCVGQHRWTEJCUGCVTGVCKN6JGTGHQTGVJGQYPGTOWUV RTQXKFGCEQR[QHVJGQTKIKPCNFCVGFDKNNQHUCNG0QYCTTCPV[UGTXKEGYKNNDGRGTHQTOGFYKVJQWVCDKNNQHUCNG
6TCPURQTVCVKQPVQCPFHTQOVJGUGTXKEGFGRQVKUVJGTGURQPUKDKNKV[QHVJGQYPGT
9#44#06;':%.75+105
6JKUYCTTCPV[KUGZVGPFGFVQ'/'4510*QOG'PVGTVCKPOGPVRTQFWEVURWTEJCUGFCPFWUGFKP%CPCFC 6JKUYCTTCPV[UJCNNPQVCRRN[VQCRRGCTCPEGQTCEEGUUQT[KVGOUKPENWFKPIDWVPQVNKOKVGFVQCPVGPPC ECDKPGVECDKPGVRCTVUMPQDUDCVVGTKGUEQPPGEVKPIECDNGUECUUGVVGVCRGUEQORCEVFKUEU6JKUYCTTCPV[ UJCNNKPCFFKVKQPPQVCRRN[VQFCOCIGUFWGVQJCPFNKPIVTCPURQTVCVKQPWPRCEMKPIUGVWRKPUVCNNCVKQP
EWUVQOGTCFLWUVOGPVUVJCVCTGEQXGTGFKPVJGKPUVTWEVKQPDQQMTGRCKTQTTGRNCEGOGPVQHRCTVUUWRRNKGFD[ QVJGTVJCPVJG'/'4510CWVJQTK\GFUGTXKEGFGRQVCP[OCNHWPEVKQPQTHCKNWTGECWUGFD[QTTGUWNVKPIHTQO
CDPQTOCNGPXKTQPOGPVCNEQPFKVKQPUKORTQRGTWPCWVJQTK\GFUGTXKEGKORTQRGTOCKPVGPCPEGOQFKHKECVKQPU QTTGRCKTD[VJGEQPUWOGTCDWUGOKUWUGPGINGEVCEEKFGPVHKTGHNQQFQTQVJGT#EVUQH)QFCPFKPEQTTGEV
NKPGXQNVCIG
6JKU*QOG'PVGTVCKPOGPVRTQFWEVKUQPN[YCTTCPVGFVQVJGQTKIKPCNTGVCKNRWTEJCUGT6JKUYCTTCPV[DGEQOGU XQKFKPVJGGXGPVQHEQOOGTEKCNQTTGPVCNWUG6JKUYCTTCPV[DGEQOGUXQKFKPVJGGXGPVUGTKCNPWODGTUCTG
CNVGTGFFGHCEGFQTTGOQXGF
'/'4510TGUGTXGUVJGTKIJVVQOCMGEJCPIGUKPFGUKIPQTVQOCMGCFFKVKQPUVQQTKORTQXGOGPVUWRQP
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
UJCNNTGOCKPKPGHHGEV
*19611$6#+05'48+%'
5JQWNFVJKURTQFWEVTGSWKTGUGTXKEG[QWOC[QDVCKPURGEKHKEKPHQTOCVKQPQPJQYVQQDVCKPUGTXKEGD[ EQPVCEVKPIVJG'/'4510&GCNGTHTQOYJQOVJKURTQFWEVYCURWTEJCUGFQTD[EQPVCEVKPIWUFKTGEVN[
510+)'/5'48+%'
#NFGP4QCF
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.4%
2*10' (#:
3 7