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1SPCMFNBTEF-BWBEP

-FQSFTFOUBNPTBDPOUJOVBDJØOMBTQPTJCMFTDBVTBTZMBTTPMVDJPOFTBBMHVOPTEFMPT QSPCMFNBT

EFMBWBEPNÈTDPNVOFT

13&/%"4"336("%"4
1PSTPCSFDBSHBEFMBMBWBEPSBPEFMBTFDBEPSB
4FMFDDJPOF$3&"4"#-&4<QSFOEBTEFMJDBEBT>ZBRVFFTUFDJDMPDBNCJBSÈFMFOKVBHVFZTFMFDDJPOBVOB
WFMPDJEBENÈTDPSUBZNÈTMFOUBEFDFOUSJGVHBEP0DBNCJFMBWFMPDJEBESÈQJEBEF DFOUSJGVHBEPEF
SQNBSQN3FNÓUBTFB.ÈYJNB7FMPDJEBEEF$FOUSJGVHBEPFOMBQÈHJOB 
/PEFKFMBSPQBNPKBEBEFOUSPEFMBMBWBEPSBPFOMBDBOBTUBEF SPQBQPSUJFNQPTQSPMPOHBEPT
-"301"26&%"."--"7"%"
&MEFUFSHFOUFOPFTTVGJDJFOUFQBSBFMUBNB×PEFMBDBSHBPQBSBMB DBOUJEBEEFTVDJFEBEFOMBSPQB
4PCSFDBSHBEFMBMBWBEPSB
"VNFOUFFMOJWFMTFMFDDJPOBEPFOMBPQDJØO)08%*35:<RVÏUBOTVDJB>
4FMFDDJPOFMBUFNQFSBUVSBEFMBWBEPEFBDVFSEPDPOFMUJQPEFTVDJFEBEEFMB SPQB1PSFKFNQMPTBOHSFZ
MPEPTFMBWBONFKPSFOBHVBGSÓBNJFOUSBTRVFMBTNBODIBTBDFJUPTBTTFMBWBO NFKPSFOBHVBNÈTDBMJFOUF
4FQBSFMPTBSUÓDVMPTMJHFSBNFOUFTVDJPTEFMPTRVFFTUÏONVZTVDJPTZBRVFMB SPQBQVFEFJNQSFHOBSTFEF
MBTVDJFEBEQSFTFOUFFOFMBHVBTVDJBEFMBWBEP
&MMBWBEPFOBHVBGSÓBQVFEFFTUBSNVZGSÓPSFNÓUBTFB$PME<GSÓP> FOMBQÈHJOB
-BTDBSHBTEFSPQBEFBSUÓDVMPTEFUBNB×PTEJWFSTPTUFOESÈONFKPSFTSFTVMUBEPTEFMBWBEP FKFTQSPCBCMF
RVFDBSHBTDPNQMFUBTEFTÈCBOBTOPRVFEFOCJFOMJNQJBT-BTÈSFBTDPOBHVBEVSB SFRVJFSFOEFNÈT
EFUFSHFOUF
."3$"4/&(3"40(3*4&4FOMBSPQB
4FUSBUBEFVOBGPSNBDJØOEFCJEBBMB��JOUFSBDDJØOEFMTVBWJ[BOUFEFUFMBTZ FMEFUFSHFOUFMPDVBMQSPEVDF
FTDBNBTRVFNBSDBOMBSPQBSFNÓUBTFB4DSVE<GPSNBDJØODFSPTBEFCJEBBMBDPNCJOBDJØO EFTVBWJ[BOUF
EFUFMBTZEFUFSHFOUF>FOMBQÈHJOB
$BOUJEBEEFEFUFSHFOUFJOTVGJDJFOUFQBSBMBDBOUJEBEBTVWF[EFTVDJFEBEEFMB SPQBMPDVBMEFSJWBFO
NBSDBTHSJTFTFOMBTQSFOEBTSFNÓUBTFB%FUFSHFOUFFOMBQÈHJOB
130%6$$*»/%&1&-64"
-BWFMBSPQBRVFQSPEVDFQFMVTBDPNPUPBMMBTZTÈCBOBTEFGSBOFMBFOGPSNB TFQBSBEBEFBRVÏMMBRVFMBT
BUSBFQPSFKFNQMPUPEPTMPTTJOUÏUJDPT
4PCSFDBSHBEFMBMBWBEPSB
$BOUJEBEEFEFUFSHFOUFJOTVGJDJFOUFQBSBNBOUFOFSMBQFMVTBTVTQFOEJEB
4JTFTFDBMBSPQBEFNBTJBEPFOMBTFDBEPSBQVEFQSPWPDBSVOBGPSNBDJØOEF FMFDUSJDJEBEFTUÈUJDBFOMBT
UFMBTTJOUÏUJDBTFTUJNVMBOEPFMFGFDUPEFBUSBDDJØOEFQFMVTB
3&4*%604%&%&5&3(&/5&
4PCSFDBSHBEFMBMBWBEPSB
1SVFCFDPONFOPSDBOUJEBEEFEFUFSHFOUF
"MHVOPTEFUFSHFOUFTOFDFTJUBOEJTPMWFSTFBOUFTEFVUJMJ[BSMPT7FSJGJRVFMBTJOTUSVDDJPOFTEFMEFUFSHFOUF
&TQPTJCMFRVFFMEFUFSHFOUFOPTFEJTVFMWBBEFDVBEBNFOUFFOUFNQFSBUVSBTGSÓBTMBWBEPTGSÓPT PUJFNQPT
EFBHJUBDJØODPSUPT1SVFCFEJTPMWJFOEPFMEFUFSHFOUFBOUFTEFVTBSMP
%&$0-03"$*»/
-BWFZTFRVFUPEBTMBTQSFOEBTRVFOPUFOHBOGJSNF[BEFDPMPSFOGPSNB TFQBSBEB
-BTQSFOEBTRVFOPUFOHBOGJSNF[BEFDPMPSRVFQFSNBOF[DBOQPSQFSJPEPTQSPMPOHBEPTEFOUSP EFMB
MBWBEPSBPMBDBOBTUBEFMBSPQBQVFEFOEFTUF×JSBTVWF[BPUSBT QSFOEBT
301"&/3&%"%"
&MMBWBSDPOEFNBTJBEBBHVBFKDPODBSHBTQPSEFCBKPEFMBDBQBDJEBEOPSNBM QVFEFQSPWPDBSRVFMB
SPQBTFFOSFEF
/PDBSHVFMBMBWBEPSBDPMPDBOEPMBSPQBBMSFEFEPSEFMBHJUBEPS
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